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REGISTERED COMPANY NUMBER: 03230594 (England and Wales)
REGISTERED CHARITY NUMBER: 1058583














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

MRC Community Action

MRC Community Action

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Report of the Trustees 1

Independent Examiner's Report 2

Statement of Financial Activities 3

Balance Sheet 4 to 5

Notes to the Financial Statements 6 to 12

MRC Community Action (Registered number: 03230594)

Report of the Trustees
for the Year Ended 31 March 2024



The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
03230594 (England and Wales)

Registered Charity number
1058583

Registered office
85 Belvoir Road
Coalville
Leics
LE67 3PH

Trustees
J G Reid
S Hughes
Mrs H J Panter
L Ricaby
R Barlow
C I Large
R Tugnet

Company Secretary

Independent Examiner
Elverstone Large Ltd
Elverstone Large Ltd
Chartered Certified Accountants
Temple Chambers
16a Belvoir Road
Coalville
Leics
LE67 3QE

Approved by order of the board of trustees on 29 October 2024 and signed on its behalf by:



S Hughes - Trustee

Independent Examiner's Report to the Trustees of
MRC Community Action


Independent examiner's report to the trustees of MRC Community Action ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








Elverstone Large Ltd

Elverstone Large Ltd
Chartered Certified Accountants
Temple Chambers
16a Belvoir Road
Coalville
Leics
LE67 3QE

Date: .............................................

MRC Community Action

Statement of Financial Activities
for the Year Ended 31 March 2024

2024 2023
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 380,736 - 380,736 416,387

Other trading activities 2 117,380 - 117,380 117,827
Investment income 3 1,466 - 1,466 1,086
Total 499,582 - 499,582 535,300

EXPENDITURE ON
Raising funds 4 440,066 - 440,066 501,692


Other 23,528 - 23,528 31,864
Total 463,594 - 463,594 533,556

NET INCOME 35,988 - 35,988 1,744


RECONCILIATION OF FUNDS
Total funds brought forward 332,315 - 332,315 330,571

TOTAL FUNDS CARRIED FORWARD 368,303 - 368,303 332,315

MRC Community Action (Registered number: 03230594)

Balance Sheet
31 March 2024

2024 2023
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 109,542 - 109,542 101,354

CURRENT ASSETS
Debtors 10 73,114 - 73,114 65,488
Cash at bank and in hand 216,189 - 216,189 200,444
289,303 - 289,303 265,932

CREDITORS
Amounts falling due within one year 11 (30,542 ) - (30,542 ) (34,971 )

NET CURRENT ASSETS 258,761 - 258,761 230,961

TOTAL ASSETS LESS CURRENT
LIABILITIES

368,303

-

368,303

332,315

NET ASSETS 368,303 - 368,303 332,315
FUNDS 12
Unrestricted funds 368,303 332,315
TOTAL FUNDS 368,303 332,315

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


MRC Community Action (Registered number: 03230594)

Balance Sheet - continued
31 March 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 29 October 2024 and were signed on its behalf by:





S Hughes - Trustee

MRC Community Action

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.



Freehold Land and Buildings - 50 years straight line
Motor Vehicles - 7 years straight line
Fixtures & Fittings - 10 years straight line
Computer equipment - 4 years straight line

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.


MRC Community Action

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. OTHER TRADING ACTIVITIES
2024 2023
£    £   
Shop income 117,380 117,827

3. INVESTMENT INCOME
2024 2023
£    £   
Deposit account interest 1,466 567
Other income - 519
1,466 1,086

4. RAISING FUNDS

Raising donations and legacies
2024 2023
£    £   
Support costs 426,860 384,817

5. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£    £   
Depreciation - owned assets 13,532 16,606
Surplus on disposal of fixed assets (19,465 ) -

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.



MRC Community Action

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


7. STAFF COSTS

The average monthly number of employees during the year was as follows:

2024 2023
Employees 26 27

No employees received emoluments in excess of £60,000.

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 416,387 - 416,387

Other trading activities 117,827 - 117,827
Investment income 1,086 - 1,086
Total 535,300 - 535,300

EXPENDITURE ON
Raising funds 501,692 - 501,692


Other 31,864 - 31,864
Total 533,556 - 533,556

NET INCOME 1,744 - 1,744


RECONCILIATION OF FUNDS
Total funds brought forward 330,571 - 330,571

TOTAL FUNDS CARRIED FORWARD 332,315 - 332,315


MRC Community Action

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


9. TANGIBLE FIXED ASSETS
Computer
Freehold Motor & Fixtures
property vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 220,366 280,332 115,755 616,453
Additions - - 2,255 2,255
Disposals (18,000 ) - - (18,000 )
At 31 March 2024 202,366 280,332 118,010 600,708
DEPRECIATION
At 1 April 2023 128,677 275,090 111,332 515,099
Charge for year 4,048 7,692 1,792 13,532
Eliminated on disposal (31,200 ) (6,265 ) - (37,465 )
At 31 March 2024 101,525 276,517 113,124 491,166
NET BOOK VALUE
At 31 March 2024 100,841 3,815 4,886 109,542
At 31 March 2023 91,689 5,242 4,423 101,354

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,591 14,110
Marlene Reid Enterprises 30,432 30,432
Rent Deposit - Attic new lease 3,300 3,300
VAT 1,522 1,686
Prepayments 23,269 15,960
73,114 65,488


MRC Community Action

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 24,314 8,847
Social security and other taxes - 3,357
Other creditors 210 210
Deferred income 6,018 22,557
30,542 34,971

12. MOVEMENT IN FUNDS
Net
movement At
At 1.4.23 in funds 31.3.24
£    £    £   
Unrestricted funds
General fund 332,315 35,988 368,303

TOTAL FUNDS 332,315 35,988 368,303

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 499,582 (463,594 ) 35,988

TOTAL FUNDS 499,582 (463,594 ) 35,988


Comparatives for movement in funds

Net
movement At
At 1.4.22 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 330,571 1,744 332,315

TOTAL FUNDS 330,571 1,744 332,315

MRC Community Action

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


12. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 535,300 (533,556 ) 1,744

TOTAL FUNDS 535,300 (533,556 ) 1,744

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.4.22 in funds 31.3.24
£    £    £   
Unrestricted funds
General fund 330,571 37,732 368,303

TOTAL FUNDS 330,571 37,732 368,303

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 1,034,882 (997,150 ) 37,732

TOTAL FUNDS 1,034,882 (997,150 ) 37,732


MRC Community Action

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.

14. RESTRICTED FUNDS

The following Restricted items are included in Unrestricted Funds:

Restricted Income

Donations - MRC The Centre- £25,617.73
Charitable Income:
Transport - SCS Driver £20,454.80
Transport - ACS Driver £11,699.75
Transport - DAR £9,140.70

Transport Grants - £75,928.00
Shop Income - Furniture Project - Donated Goods - £81,224.38

TOTAL RESTRICTED INCOME - £224,065.36



Restricted Expenditure

Charitable Expenditure:
Transport SCS Driver Expenses - £20,569.67
Transport ACS Driver Expenses - £8,743.61


TOTAL RESTRICTED EXPENDITURE - £ 29,313.28

15. ASSET REVALUATION

The £19,465 shown within Human Resources on the Detailed Statement of Financial Activities report is an extraordinary item.
The source of this figure was inherited from the previous accountants whereby there was an imbalance between the Fixed Asset register held by the Centre and the brought forward figure within the accounts and we have decided to right the difference this year to align the accounts with the register. This has had a material affect on the results and had it not been for this alignment the true profitability would have been £16,523.