MBCOL Limited |
Registered number: |
05406938 |
Balance Sheet |
as at 31 March 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Current assets |
Stocks |
|
|
820 |
|
|
820 |
Debtors |
4 |
|
591 |
|
|
1,839 |
Cash at bank and in hand |
|
|
82,583 |
|
|
92,491 |
|
|
|
83,994 |
|
|
95,150 |
|
Creditors: amounts falling due within one year |
5 |
|
(5,566) |
|
|
(6,924) |
|
Net current assets |
|
|
|
78,428 |
|
|
88,226 |
|
Net assets |
|
|
|
78,428 |
|
|
88,226 |
|
|
|
|
|
|
|
|
Unrestricted funds |
Designated |
6 |
|
|
30,797 |
|
|
30,797 |
General |
7 |
|
|
47,631 |
|
|
57,429 |
|
Net funds |
|
|
|
78,428 |
|
|
88,226 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The Statement of Financial Activities has not been delivered to the Registrar of Companies. |
|
|
|
|
Sahnavaz Abdulamid ( Treasurer ) |
Director |
Approved by the board on 30 April 2024 |
|
MBCOL Limited |
Notes to the Accounts |
for the year ended 31 March 2023 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The accounts have also been prepared with the Statement of Recommended Practiced (SORP) - "Accounting and Reporting by Charities" issued by the Charity Commissioners in England and Wales. |
|
|
Going concern |
|
The company was reliant on funding from the local council to carry out its day to day activities. Following expiry of the contract in September 2019, the local council extended the contract with MBCOL Limited until 30 September 2021. LCC funding will not continue beyond this date as MBCOL was unsuccessful in its tender bid. In view of this, material uncertainty exists over the ability of the company to continue its operations. |
|
MBCOL has had interactions with some affiliates who feel strongly that MBCOL must continue with its advocacy work in spite of no longer doing out of hours funerals. To fund this work new revenue streams will be explored including membership fees; general community fundraising; and applications made for funding pots. |
|
|
Income |
|
Grant income represents amounts received and receivable from Leicester City Council. Donations, interment fees and other income are accounted for when received. |
|
|
Resources expended |
|
Resources expended are accounted for as a liability is incurred. Expenditure includes irrecoverable VAT which is reported as part of the expenditure to which it relates. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation. The costs of minor additions or those costing below £3,000 are not capitalised. Any assets donated with a market value below £5,000 are not capitalised. Depreciation is provided at rates calculated to write off of each asset over its estimated useful life of 4 years. |
|
|
Stocks |
|
Stocks are measured at the lower of cost and net realisable value. |
|
|
Funds |
|
Funds comprise of unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. The directors use part of the unrestricted funds for various specific projects and have set up a designated fund to reflect this. The funds held in each of the relevant categories are disclosed in the notes to the accounts. |
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
3 |
Tangible fixed assets |
|
|
|
|
|
|
Plant and machinery etc |
£ |
|
Cost |
|
At 1 April 2022 |
3,893 |
|
At 31 March 2023 |
3,893 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2022 |
3,893 |
|
At 31 March 2023 |
3,893 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2023 |
- |
|
|
4 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Other debtors |
591 |
|
1,839 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Other creditors |
5,566 |
|
6,924 |
|
|
|
|
|
|
|
|
|
|
6 |
Designated Funds |
2023 |
|
2022 |
£ |
£ |
|
|
At 1 April 2022 |
30,797 |
|
30,797 |
|
|
At 31 March 2023 |
30,797 |
|
30,797 |
|
|
|
|
|
|
|
|
|
|
Designated funds comprise :- |
£ |
£ |
|
Multi Faith Bereavement Book Project |
5,500 |
|
5,500 |
|
20th Anniversary Celebration Fund |
5,000 |
|
5,000 |
|
Centralised Services |
20,297 |
|
20,297 |
|
Total |
30,797 |
|
30,797 |
|
|
|
|
|
|
|
|
|
|
7 |
General Funds |
£ |
|
|
At 1 April 2022 |
61,991 |
|
Deficit for the year |
(9,798) |
|
Transfer to designated funds |
- |
|
At 31 March 2023 |
52,193 |
|
|
|
|
|
|
|
|
8 |
Other information |
|
|
MBCOL Limited is a private company limited by guarantee and incorporated in England. Its registered office is: |
|
50 Woodgate |
|
Leicester |
|
LE3 5GF |
|
|
The principal place of operation is: |
|
|
1A Moat Road |
|
Leicester |
|
LE5 5EF |