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 2021
for
MRC Community Action
Elverstone Large Ltd
Chartered Certified Accountants
Temple Chambers
16a Belvoir Road
Coalville
Leics
LE67 3QE
MRC Community Action
Contents of the Financial Statements for the Year Ended 31 March 2021
|
Page |
Report of the Trustees |
1 to 2 |
Independent Examiner's Report |
3 to 4 |
Statement of Financial Activities |
5 |
Balance Sheet |
6 to 7 |
Notes to the Financial Statements |
8 to 14 |
Detailed Statement of Financial Activities |
15 to 16 |
MRC Community Action
Report of the Trustees
for the Year Ended 31 March 2021
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct 2006,
presenttheirreportwiththefinancialstatementsofthecharityfortheyearended31March 2021.
ThetrusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewith the
FinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1
January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesa 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
A Jacobs
S Hughes
Mrs J M Gadenne (resigned 19.6.2020)
Mrs H J Panter
Mrs R Bhakri
L Picken
L Ricaby
R Barlow (appointed 30.7.2020)
C I Large (appointed 30.7.2020)
Company Secretary
Page 1
MRC Community Action
Report of the Trustees for the Year Ended 31 March 2021
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Elverstone Large Ltd
ACCA
Elverstone Large Ltd
Chartered Certified Accountants
Temple Chambers
16a Belvoir Road
Coalville
Leics
LE67 3QE
Approvedbyorderoftheboardoftrusteeson.............................................andsignedon its
behalf by:
...................................................
S Hughes - Trustee
Page 2
Independent Examiner's Report to the Trustees of MRC Community Action
Independentexaminer'sreporttothetrusteesofMRCCommunityAction ('the
Company')
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyforthe year
ended 31 March 2021.
Responsibilities and basis of report
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompany law)
youareresponsibleforthepreparationoftheaccountsinaccordancewiththerequirementsof the
Companies Act 2006 ('the 2006 Act').
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeaudited under
Part16ofthe2006Actandareeligibleforindependentexamination,Ireportinrespectof my
examinationofyourcharity'saccountsascarriedoutundersection145oftheCharitiesAct 2011
('the2011Act').IncarryingoutmyexaminationIhavefollowedtheDirectionsgivenby the
Charity Commission under section 145(5) (b) of the 2011 Act.
Page 3
Independent Examiner's Report to the Trustees of MRC Community Action
Independent examiner's statement
Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbeamemberof a
listedbody.IcanconfirmthatIamqualifiedtoundertaketheexaminationbecauseIam a
registered member of ACCA which is one of the listed bodies.
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattention 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)).
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexamination to
whichattentionshouldbedrawninthisreportinordertoenableaproperunderstandingof the
accounts to be reached.
Elverstone Large Ltd
ACCA
Elverstone Large Ltd
Chartered Certified Accountants
Temple Chambers
16a Belvoir Road
Coalville
Leics
LE67 3QE
Date: .............................................
Page 4
MRC Community Action
Statement of Financial Activities for the Year Ended 31 March 2021
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
2
Investment income
3
Total
EXPENDITURE ON
Raising funds
4
Other
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
Unrestricted
fund
£
431,112
43,784
55
474,951
376,912
24,766
401,678
73,273
264,717
337,990 |
Restricted
funds
£
-
-
-
-
-
-
-
-
-
- |
2021
Total
funds
£
431,112
43,784
55
474,951
376,912
24,766
401,678
73,273
264,717
337,990 |
2020
Total
funds
£
378,125
61,576
309
440,010
524,881
32,642
557,523
(117,513)
382,230
264,717 |
|
|
|
|
|
The notes form part of these financial statements
Page 5
MRC Community Action
Balance Sheet 31 March 2021
Notes
FIXED ASSETS
Tangible assets
9
CURRENT ASSETS
Stocks
10
Debtors
11
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
12
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
13
Unrestricted funds
TOTAL FUNDS |
Unrestricted
fund
£
129,758
616
49,647
173,314
223,577
(15,345)
208,232
337,990
337,990 |
Restricted
funds
£
-
-
-
-
-
-
-
-
- |
2021
Total
funds
£
129,758
616
49,647
173,314
223,577
(15,345)
208,232
337,990
337,990
337,990
337,990 |
2020
Total
funds
£
150,027
616
58,326
88,590
147,532
(32,842)
114,690
264,717
264,717
264,717
264,717 |
|
|
|
|
|
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477ofthe Companies
Act 2006 for the year ended 31 March 2021.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfor the
year ended 31 March 2021 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.
The notes form part of these financial statements
continued...
Page 6
MRC Community Action
Balance Sheet - continued
31 March 2021
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicable to
charitable companies subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:
.............................................
S Hughes - Trustee
The notes form part of these financial statements
Page 7
MRC Community Action
Notes to the Financial Statements
for the Year Ended 31 March 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentity under
FRS102,havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102) 'Accounting
andReportingbyCharities:StatementofRecommendedPracticeapplicableto charities
preparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicable in
theUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102'TheFinancialReportingStandardapplicableintheUKandRepublic of
Ireland'andtheCompaniesAct2006.Thefinancialstatementshavebeenprepared under
the historical cost convention.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharity has
entitlementtothefunds,itisprobablethattheincomewillbereceivedandtheamount can
be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalor constructive
obligationcommittingthecharitytothatexpenditure,itisprobablethatatransfer of
economicbenefitswillberequiredinsettlementandtheamountoftheobligationcan be
measuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeen classified
underheadingsthataggregateallcostrelatedtothecategory.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesona basis
consistent with the use of resources.
Tangible fixed assets
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachasset 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
Stocks
Stocksarevaluedatthelowerofcostandnetrealisablevalue,aftermakingdue allowance
for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthe discretion
of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsof the
charity.Restrictionsarisewhenspecifiedbythedonororwhenfundsareraised for
particular restricted purposes.
continued...
Page 8
MRC Community Action
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
1. ACCOUNTING POLICIES - continued
Fund accounting
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotesto the
financial statements.
2.
OTHER TRADING ACTIVITIES
Shop income
3.
INVESTMENT INCOME
Deposit account interest
4.
RAISING FUNDS
Raising donations and legacies
Support costs
5.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets |
2021
£
43,784
2021
£
55
2021
£
330,399
2021
£
15,769 |
2020
£
61,576
2020
£
309
2020
£
387,935 |
2020
£
61,576 |
2020
£
61,576 |
|
|
|
|
2020
£
309 |
|
|
2020
£
17,052 |
|
|
continued...
Page 9
MRC Community Action
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
6. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March 2021
nor for the year ended 31 March 2020.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31March2021norforthe year
ended 31 March 2020.
7. STAFF COSTS
The average monthly number of employees during the year was as follows:
2021
Employees
24
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
fund
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
378,125
-
Other trading activities
61,576
-
Investment income
309
-
Total
440,010
-
EXPENDITURE ON
Raising funds
524,881
-
Other
32,642
-
Total
557,523
-
NET INCOME/(EXPENDITURE)
(117,513)
-
RECONCILIATION OF FUNDS
Total funds brought forward
382,230
- |
2020
25
Total
funds
£
378,125
61,576
309
440,010
524,881
32,642
557,523
(117,513)
382,230 |
|
|
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
Page 10
MRC Community Action
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
8. |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
|
|
|
Unrestricted |
Restricted |
Total |
|
|
|
fund |
funds |
funds |
|
|
|
£ |
£ |
£ |
|
TOTAL FUNDS CARRIED |
|
|
|
|
|
FORWARD |
|
264,717 |
- |
264,717 |
9. |
TANGIBLE FIXED ASSETS |
|
|
|
|
|
|
|
|
Computer |
|
|
|
Freehold |
Motor |
& Fixtures |
|
|
|
property |
vehicles |
equipment |
Totals |
|
|
£ |
£ |
£ |
£ |
|
COST |
|
|
|
|
|
At 1 April 2020 |
220,366 |
284,832 |
110,726 |
615,924 |
|
Disposals |
- |
(4,500) |
- |
(4,500) |
|
At 31 March 2021 |
220,366 |
280,332 |
110,726 |
611,424 |
|
DEPRECIATION |
|
|
|
|
|
At 1 April 2020 |
116,533 |
248,521 |
100,843 |
465,897 |
|
Charge for year |
4,048 |
8,997 |
2,724 |
15,769 |
|
At 31 March 2021 |
120,581 |
257,518 |
103,567 |
481,666 |
|
NET BOOK VALUE |
|
|
|
|
|
At 31 March 2021 |
99,785 |
22,814 |
7,159 |
129,758 |
|
At 31 March 2020 |
103,833 |
36,311 |
9,883 |
150,027 |
10. |
STOCKS |
|
|
|
|
|
|
|
|
2021 |
2020 |
|
|
|
|
£ |
£ |
|
Stocks |
|
|
616 |
616 |
continued...
Page 11
MRC Community Action
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Marlene Reid Enterprises
Rent Deposit - Attic new lease
VAT
Prepayments
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Pension Fund Contributions
VAT
Other creditors
Toy Appeal
Accrued expenses |
2021
£
8,893
30,432
3,300
761
6,261
49,647
2021
£
3,176
1,569
(18)
-
437
525
9,656
15,345 |
2020
£
15,605
30,432
3,300
-
8,989 |
|
|
58,326 |
|
|
2020
£
15,339
4,204
1,611
1,342
165
525
9,656 |
|
|
32,842 |
13.
MOVEMENT IN FUNDS
At 1.4.20
£
Unrestricted funds
General fund
264,717
TOTAL FUNDS
264,717
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
474,951
TOTAL FUNDS
474,951 |
Net
movement
in funds
£
73,273
73,273
Resources
expended
£
(401,678)
(401,678) |
At
31.3.21
£
337,990
337,990
Movement
in funds
£
73,273
73,273 |
|
|
|
continued...
Page 12
MRC Community Action
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
13. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS |
At 1.4.19
£
382,230
382,230 |
Net
movement
in funds
£
(117,513)
(117,513) |
At
31.3.20
£
264,717 |
|
|
|
264,717 |
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
resources
£
440,010
440,010 |
Resources
expended
£
(557,523)
(557,523) |
Movement
in funds
£
(117,513)
(117,513) |
|
|
|
|
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
At 1.4.19
£
382,230
382,230 |
Net
movement
in funds
£
(44,240)
(44,240) |
At
31.3.21
£
337,990 |
|
|
|
337,990 |
continued...
Page 13
MRC Community Action
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
13. MOVEMENT IN FUNDS - continued
Acurrentyear12monthsandprioryear12monthscombinednetmovementin funds,
included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
resources
£
914,961
914,961 |
Resources
expended
£
(959,201)
(959,201) |
Movement
in funds
£
(44,240)
(44,240) |
|
|
|
|
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
15. RESTRICTED FUNDS
The following Restricted items are included in Unrestricted Funds:
Restricted Income
Donations - Children & Families/MRC The Centre/ Donations - £4,105.28
Donations -Transport Donation - £239.75
Charitable Income - Transport - £22,738.53
Grants - £63,620.00
Shop Income - Donated Goods - £26,956.22
TOTAL RESTRICTED INCOME - £117,659.78
Restricted Expenditure
Charitable Expenditure - Transport SCS Driver Expenses - £6,707.87
TOTAL RESTRICTED EXPENDITURE - £ 6,707.87
Page 14
MRC Community Action
Detailed Statement of Financial Activities for the Year Ended 31 March 2021
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Charitable income
Grants
Donated services and facilities
Other trading activities
Shop income
Investment income
Deposit account interest
Total incoming resources
EXPENDITURE
Other trading activities
Charitable expenditure
Other
Bad debts
Sundry expenses
Rates, water & service charge
Rent payable
Legal & professional
Subscriptions
Support costs
Management
Salaries & wages
Redundancy & severance payment
Accountancy
Insurance
Carried forward |
2021
£
8,077
1,660
38,833
347,893
34,649
431,112
43,784
55
474,951
46,513
-
5,799
2,420
11,917
4,403
227
24,766
240,771
20,180
3,438
2,896
267,285 |
2020
£
7,643
3,326
223,286
77,945
65,925 |
|
|
378,125
61,576
309 |
|
|
440,010
136,946
23
5,450
4,596
12,945
9,449
179 |
|
|
32,642
285,736
-
1,043
3,203
289,982 |
This page does not form part of the statutory financial statements
Page 15
MRC Community Action
Detailed Statement of Financial Activities for the Year Ended 31 March 2021
Management
Brought forward
Light and heat
Telephone & Fax
Postage and stationery
IT equipment & repairs
Repairs & maintenance
Cleaning
Finance
VAT Partial Exemption 2021
Bank charges
Human resources
Freehold property
Fixtures and fittings
Motor vehicles
Total resources expended
Net income/(expenditure) |
2021
£
267,285
11,935
4,390
2,293
6,746
15,885
224
308,758
3,711
2,161
5,872
4,048
2,724
8,997
15,769
401,678
73,273 |
2020
£
289,982
24,080
3,441
4,445
5,490
29,747
2,031
359,216
8,695
2,972
11,667
4,048
2,724
10,280
17,052
557,523
(117,513) |
|
|
|
This page does not form part of the statutory financial statements
Page 16