2024-03-31-accounts - Mrc Community Action

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Minutes of the Annual General Meeting 26th September 2024 at 4pm at the Marlene Reid Centre

Present(company members)

Sue Hughes -Trustee chair Paul Fagan - Manager Liz Ricaby - Trustee Craig Large - Trustee Rod Barlow - Trustee Raj Tugnet - Trustee remote access

Apologies(company members)

Hannah Panter -Trustee

In Attendance

Craig Smith - County Councillor Richard Gubbin - MRC team Karen Kowalski - MRC team Peter Martin Browning – MRC team Jenny Simmons – NWL District Councillor Martin Stuart – MRC Team Aimee Garner – Member of the public I Langham – Member of the public Val Lore – MRC Team

Welcome

The Chair welcomed everyone to the AGM.

Minutes of the previous AGM, September 28[th] 2023

MRC COMMUNITY ACTION

Company Limited by Guarantee No: 3230594 Registered Charity No: 1058583 The Marlene Reid Centre, 85 Belvoir Road, Coalville, Leicestershire LE67 3PH Tel: 01530 510515 Email:info@mrc.uk.net

The minutes were accepted as a true and accurate record with no objections.

Matters Arising

There were no matters arising, as how we had progressed in the year were available in the Marlene Reid Centre 2024 printed booklet and provided to all attendees.

AGM Report

The Chair made an opening statement, welcoming and thanking all the people present for attending.

All reports were available at the meeting and are attached to the minutes.

Paul Fagan Centre manager gave a powerpoint presentation to explain our new logo and rebrand.

Key messages included:

Another year of growth for the organisation which enabled some significant investment. In particular the renovation of our reception area, completed on time within budget and positive feedback from users. We introduced a greeter role, where a team member was always on hand to welcome and support visitors.

The rebrand which included reverting to the full name of THE MARLENE REID CENTRE. The new hand logo and colour scheme, each finger representing a different areas of our organisation to reflect our overall offering.

Changes to the signage of our retail shops, we hope will provide wider appeal with the names – RESTORE (furniture warehouse) RECYCLE(clothing and household) and REST(beds, recycled and new)

The achievements, visitor numbers and progress is stated clearly in the printed booklet.

A partnership approach and alignment of MRC values with 28 organisations, e.g Oakland International, NHS, Morrisons and Enrych. All partners are listed in our printed report.

MRC COMMUNITY ACTION

Company Limited by Guarantee No: 3230594 Registered Charity No: 1058583 The Marlene Reid Centre, 85 Belvoir Road, Coalville, Leicestershire LE67 3PH Tel: 01530 510515 Email:info@mrc.uk.net

We sincerely thanked customers, visitors and donors for their support. We are proud of the relationship we have built with our local external supporters, both commercial and statutory.

Annual Accounts

The current Financial statements are presented as ‘Final Audited’ Reports and Accounts to year ended 31st March 2024.

Turnover of the organisation for the year to 31st March 2024 was £586,852 compared to the previous year figure of £535,300.

Expenditure for the year to 31st March 2024 was £550,594 compared to the previous year figure of £533,556. Our end result for the year being £35,988. However, this figure includes a one off adjustment of £19,465 to the fixed asset register. This was brought to our attention by our accountants and is based on historic inaccuracy in the accounts. This action has effectively inflated our year end position which would have sat at £16,523.

The final accounts have been reported and filed with the appropriate organisation.

Trustees continue to outsource the Annual Accounting process to Elverstone Large Ltd.

Election of Trustees

MRC Community Action Articles of Association require any trustee coopted during the year to stand for election at the next AGM and for one third of existing trustees to also stand for election on a rotational basis.

Trustee rota to stand down were Rod Barlow and Raj Tugnet. Both agreed to stand for re-election. Liz Ricaby proposed both to be elected and Craig Large seconded. Rod Barlow and Raj Tugnet were re-elected as Trustees.

Any other Business

No other business was identified

Questions were invited.

No questions asked from the attendees

The meeting was closed.

MRC COMMUNITY ACTION

Company Limited by Guarantee No: 3230594 Registered Charity No: 1058583 The Marlene Reid Centre, 85 Belvoir Road, Coalville, Leicestershire LE67 3PH Tel: 01530 510515 Email:info@mrc.uk.net

Sue Hughes Trustee Chair

MRC COMMUNITY ACTION

Company Limited by Guarantee No: 3230594 Registered Charity No: 1058583 The Marlene Reid Centre, 85 Belvoir Road, Coalville, Leicestershire LE67 3PH Tel: 01530 510515 Email:info@mrc.uk.net

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

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 2024`

	`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 2024

ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct 2006,
presenttheirreportwiththefinancialstatementsofthecharityfortheyearended31March 2024.
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`

`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

Approvedbyorderoftheboardoftrusteeson.............................................andsignedon its
behalf by:

Page 1

Report of the Trustees
for the Year Ended 31 March 2024

`MRC Community Action`

...................................................

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 2024.

`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
member of the Association of Chartered Certified Accountants, 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

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 2024`

`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` `RECONCILIATION OF FUNDS` `Total funds brought forward` `TOTAL FUNDS CARRIED FORWARD`	`Unrestricted` `fund` `£` `467,736` `117,380` `1,466` `586,582` `527,066` `23,528` `550,594` `35,988` `332,315` `368,303`	`Restricted` `funds` `£` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-`	`2024` `Total` `funds` `£` `467,736` `117,380` `1,466` `586,582` `527,066` `23,528` `550,594` `35,988` `332,315` `368,303`	`2023` `Total` `funds` `£` `416,387` `117,827` `1,086`
				`535,300`
				`501,692` `31,864`
				`533,556`
				`1,744` `330,571`
				`332,315`

The notes form part of these financial statements

Page 5

`MRC Community Action`

`Balance Sheet 31 March 2024`

`Notes` `FIXED ASSETS` `Tangible assets` `9` `CURRENT ASSETS` `Debtors` `10` `Cash at bank and in hand` `CREDITORS` `Amounts falling due within one year` `11` `NET CURRENT ASSETS` `TOTAL ASSETS LESS CURRENT` `LIABILITIES` `NET ASSETS` `FUNDS` `12` `Unrestricted funds` `TOTAL FUNDS`	`Unrestricted` `fund` `£` `109,542` `73,114` `216,189` `289,303` `(30,542)` `258,761` `368,303` `368,303`	`Restricted` `funds` `£` `-` `-` `-` `-` `-` `-` `-` `-`	`2024` `Total` `funds` `£` `109,542` `73,114` `216,189` `289,303` `(30,542)` `258,761` `368,303` `368,303` `368,303` `368,303`	`2023` `Total` `funds` `£` `101,354` `65,488` `200,444` `265,932` `(34,971)` `230,961` `332,315` `332,315` `332,315` `332,315`

ThecharitablecompanyisentitledtoexemptionfromauditunderSection477ofthe Companies
Act 2006 for the year ended 31 March 2024.

Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfor 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.

The notes form part of these financial statements

continued...

Page 6

`MRC Community Action`

Balance Sheet - continued
31 March 2024

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 2024

`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

`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.

Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotesto the
financial statements.

continued...

Page 8

`MRC Community Action`

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

`2.` `OTHER TRADING ACTIVITIES` `Shop income` `3.` `INVESTMENT INCOME` `Deposit account interest` `Other income` `4.` `RAISING FUNDS` `Raising donations and legacies` `Support costs` `5.` `NET INCOME/(EXPENDITURE)` `Net income/(expenditure) is stated after charging/(crediting):` `Depreciation - owned assets`	`2024` `£` `117,380` `2024` `£` `1,466` `-` `1,466` `2024` `£` `426,860` `2024` `£` `13,532`	`2023` `£` `117,827`	`2023` `£` `117,827`
		`2023` `£` `567` `519` `1,086` `2023` `£` `384,817`	`2023` `£` `567` `519`
			`1,086`
		`2023` `£` `16,606`

`6. TRUSTEES' REMUNERATION AND BENEFITS`

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March 2024
nor for the year ended 31 March 2023.

`Trustees' expenses`

Therewerenotrustees'expensespaidfortheyearended31March2024norforthe year
ended 31 March 2023.

continued...

Page 9

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` `Employees` `26` `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` `416,387` `-` `Other trading activities` `117,827` `-` `Investment income` `1,086` `-` `Total` `535,300` `-` `EXPENDITURE ON` `Raising funds` `501,692` `-` `Other` `31,864` `-` `Total` `533,556` `-` `NET INCOME` `1,744` `-` `RECONCILIATION OF FUNDS` `Total funds brought forward` `330,571` `-` `TOTAL FUNDS CARRIED` `FORWARD` `332,315` `-`	`2023` `27` `Total` `funds` `£` `416,387` `117,827` `1,086`
	`535,300`
	`501,692` `31,864`
	`533,556`
	`1,744` `330,571`
	`332,315`

`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 2024`

`9. TANGIBLE FIXED ASSETS`

`Freehold` `Motor` `property` `vehicles` `£` `£` `COST` `At 1 April 2023` `202,366` `280,332` `Additions` `-` `-` `At 31 March 2024` `202,366` `280,332` `DEPRECIATION` `At 1 April 2023` `97,477` `268,825` `Charge for year` `4,048` `7,692` `At 31 March 2024` `101,525` `276,517` `NET BOOK VALUE` `At 31 March 2024` `100,841` `3,815` `At 31 March 2023` `104,889` `11,507` `DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR` `Trade debtors` `Marlene Reid Enterprises` `Rent Deposit - Attic new lease` `VAT` `Prepayments`	`Computer` `& Fixtures` `equipment` `£` `115,755` `2,255` `118,010` `111,332` `1,792` `113,124` `4,886` `4,423` `2024` `£` `14,591` `30,432` `3,300` `1,522` `23,269` `73,114`	`Totals` `£` `598,453` `2,255`	`Totals` `£` `598,453` `2,255`
		`600,708`
		`477,634` `13,532`
		`491,166`
		`109,542`
		`120,819`
			`2023` `£` `14,110` `30,432` `3,300` `1,686` `15,960`
			`65,488`

`10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`

continued...

Page 11

`MRC Community Action`

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

`11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`

`Trade creditors` `Social security and other taxes` `Other creditors` `Deferred income`	`2024` `£` `24,314` `-` `210` `6,018` `30,542`	`2023` `£` `8,847` `3,357` `210` `22,557`
		`34,971`

`12. MOVEMENT IN FUNDS`

`At 1.4.23` `£` `Unrestricted funds` `General fund` `332,315` `TOTAL FUNDS` `332,315` `Net movement in funds, included in the above are as follows:` `Incoming` `resources` `£` `Unrestricted funds` `General fund` `586,582` `TOTAL FUNDS` `586,582` `Comparatives for movement in funds` `At 1.4.22` `£` `Unrestricted funds` `General fund` `330,571` `TOTAL FUNDS` `330,571`	`Net` `movement` `in funds` `£` `35,988` `35,988` `Resources` `expended` `£` `(550,594)` `(550,594)` `Net` `movement` `in funds` `£` `1,744` `1,744`	`At` `31.3.24` `£` `368,303` `368,303` `Movement` `in funds` `£` `35,988` `35,988` `At` `31.3.23` `£` `332,315` `332,315`

continued...

Page 12

`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:

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

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

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

Acurrentyear12monthsandprioryear12monthscombinednetmovementin funds,
included in the above are as follows:

`Incoming` `Resources` `resources` `expended` `£` `£` `Unrestricted funds` `General fund` `1,121,882` `(1,084,150)` `TOTAL FUNDS` `1,121,882` `(1,084,150)`	`Movement` `in funds` `£` `37,732` `37,732`

continued...

Page 13

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£19,465shownwithinHumanResourcesontheDetailedStatementof Financial
Activities report is an extraordinary item.

Thesourceofthisfigurewasinheritedfromthepreviousaccountantswherebytherewas an
imbalancebetweentheFixedAssetregisterheldbytheCentreandthebrought forward
figurewithintheaccountsandwehavedecidedtorightthedifferencethisyeartoalign the
accountswiththeregister.Thishashadamaterialaffectontheresultsandhaditnot been
for this alignment the true profitability would have been £16,523.

Page 14

`MRC Community Action`

`Detailed Statement of Financial Activities for the Year Ended 31 March 2024`

`INCOME AND ENDOWMENTS` `Donations and legacies` `Donations` `Charitable income` `Grants` `Donated services and facilities` `Other trading activities` `Shop income` `Investment income` `Deposit account interest` `Other income` `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` `Accountancy` `Carried forward`	`2024` `£` `23,968` `227,318` `144,016` `72,434` `467,736` `117,380` `1,466` `-` `1,466` `586,582` `100,206` `1,487` `6,772` `2,531` `11,617` `250` `871` `23,528` `331,613` `2,050` `333,663`	`2023` `£` `21,611` `173,992` `140,215` `80,569`
		`416,387` `117,827` `567` `519`
		`1,086`
		`535,300` `116,875` `1,067` `10,775` `3,000` `11,617` `5,013` `392`
		`31,864` `299,684` `3,080` `302,764`

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 2024`

`Management` `Brought forward` `Insurance` `Light and heat` `Telephone & Fax` `Postage and stationery` `IT equipment & repairs` `Repairs & maintenance` `Cleaning` `Reception refurbishment` `Finance` `Bank charges` `Human resources` `Asset revaluation reserve` `Freehold property` `Fixtures and fittings` `Motor vehicles` `Total resources expended` `Net income`	`2024` `£` `333,663` `3,525` `28,555` `5,847` `4,528` `8,911` `15,809` `1,582` `26,987` `429,407` `3,387` `(19,465)` `4,048` `1,791` `7,692` `(5,934)` `550,594` `35,988`	`2023` `£` `302,764` `3,965` `24,724` `5,031` `3,444` `5,739` `17,539` `1,438` `-`
		`364,644` `3,567` `-` `4,048` `3,983` `8,575`
		`16,606`
		`533,556`
		`1,744`

This page does not form part of the statutory financial statements

Page 16

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

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 2024`

	`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 2024

ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct 2006,
presenttheirreportwiththefinancialstatementsofthecharityfortheyearended31March 2024.
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`

`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

Approvedbyorderoftheboardoftrusteeson.............................................andsignedon its
behalf by:

Page 1

Report of the Trustees
for the Year Ended 31 March 2024

`MRC Community Action`

...................................................

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 2024.

`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
member of the Association of Chartered Certified Accountants, 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

Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexamination to
whichattentionshouldbedrawninthisreportinordertoenableaproperunderstandingof the
accounts to be reached.

Elverstone Large Ltd

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 2024`

`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` `RECONCILIATION OF FUNDS` `Total funds brought forward` `TOTAL FUNDS CARRIED FORWARD`	`Unrestricted` `fund` `£` `467,736` `117,380` `1,466` `586,582` `527,066` `23,528` `550,594` `35,988` `332,315` `368,303`	`Restricted` `funds` `£` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-`	`2024` `Total` `funds` `£` `467,736` `117,380` `1,466` `586,582` `527,066` `23,528` `550,594` `35,988` `332,315` `368,303`	`2023` `Total` `funds` `£` `416,387` `117,827` `1,086`
				`535,300`
				`501,692` `31,864`
				`533,556`
				`1,744` `330,571`
				`332,315`

The notes form part of these financial statements

Page 5

`MRC Community Action`

`Balance Sheet 31 March 2024`

`Notes` `FIXED ASSETS` `Tangible assets` `9` `CURRENT ASSETS` `Debtors` `10` `Cash at bank and in hand` `CREDITORS` `Amounts falling due within one year` `11` `NET CURRENT ASSETS` `TOTAL ASSETS LESS CURRENT` `LIABILITIES` `NET ASSETS` `FUNDS` `12` `Unrestricted funds` `TOTAL FUNDS`	`Unrestricted` `fund` `£` `109,542` `73,114` `216,189` `289,303` `(30,542)` `258,761` `368,303` `368,303`	`Restricted` `funds` `£` `-` `-` `-` `-` `-` `-` `-` `-`	`2024` `Total` `funds` `£` `109,542` `73,114` `216,189` `289,303` `(30,542)` `258,761` `368,303` `368,303` `368,303` `368,303`	`2023` `Total` `funds` `£` `101,354` `65,488` `200,444` `265,932` `(34,971)` `230,961` `332,315` `332,315` `332,315` `332,315`

ThecharitablecompanyisentitledtoexemptionfromauditunderSection477ofthe Companies
Act 2006 for the year ended 31 March 2024.

Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfor 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.

The notes form part of these financial statements

continued...

Page 6

`MRC Community Action`

Balance Sheet - continued
31 March 2024

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 2024

`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

`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.

Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotesto the
financial statements.

continued...

Page 8

`MRC Community Action`

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

`2.` `OTHER TRADING ACTIVITIES` `Shop income` `3.` `INVESTMENT INCOME` `Deposit account interest` `Other income` `4.` `RAISING FUNDS` `Raising donations and legacies` `Support costs` `5.` `NET INCOME/(EXPENDITURE)` `Net income/(expenditure) is stated after charging/(crediting):` `Depreciation - owned assets`	`2024` `£` `117,380` `2024` `£` `1,466` `-` `1,466` `2024` `£` `426,860` `2024` `£` `13,532`	`2023` `£` `117,827`	`2023` `£` `117,827`
		`2023` `£` `567` `519` `1,086` `2023` `£` `384,817`	`2023` `£` `567` `519`
			`1,086`
		`2023` `£` `16,606`

`6. TRUSTEES' REMUNERATION AND BENEFITS`

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March 2024
nor for the year ended 31 March 2023.

`Trustees' expenses`

Therewerenotrustees'expensespaidfortheyearended31March2024norforthe year
ended 31 March 2023.

continued...

Page 9

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` `Employees` `26` `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` `416,387` `-` `Other trading activities` `117,827` `-` `Investment income` `1,086` `-` `Total` `535,300` `-` `EXPENDITURE ON` `Raising funds` `501,692` `-` `Other` `31,864` `-` `Total` `533,556` `-` `NET INCOME` `1,744` `-` `RECONCILIATION OF FUNDS` `Total funds brought forward` `330,571` `-` `TOTAL FUNDS CARRIED` `FORWARD` `332,315` `-`	`2023` `27` `Total` `funds` `£` `416,387` `117,827` `1,086`
	`535,300`
	`501,692` `31,864`
	`533,556`
	`1,744` `330,571`
	`332,315`

`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 2024`

`9. TANGIBLE FIXED ASSETS`

`Freehold` `Motor` `property` `vehicles` `£` `£` `COST` `At 1 April 2023` `202,366` `280,332` `Additions` `-` `-` `At 31 March 2024` `202,366` `280,332` `DEPRECIATION` `At 1 April 2023` `97,477` `268,825` `Charge for year` `4,048` `7,692` `At 31 March 2024` `101,525` `276,517` `NET BOOK VALUE` `At 31 March 2024` `100,841` `3,815` `At 31 March 2023` `104,889` `11,507` `DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR` `Trade debtors` `Marlene Reid Enterprises` `Rent Deposit - Attic new lease` `VAT` `Prepayments`	`Computer` `& Fixtures` `equipment` `£` `115,755` `2,255` `118,010` `111,332` `1,792` `113,124` `4,886` `4,423` `2024` `£` `14,591` `30,432` `3,300` `1,522` `23,269` `73,114`	`Totals` `£` `598,453` `2,255`	`Totals` `£` `598,453` `2,255`
		`600,708`
		`477,634` `13,532`
		`491,166`
		`109,542`
		`120,819`
			`2023` `£` `14,110` `30,432` `3,300` `1,686` `15,960`
			`65,488`

`10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`

continued...

Page 11

`MRC Community Action`

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

`11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`

`Trade creditors` `Social security and other taxes` `Other creditors` `Deferred income`	`2024` `£` `24,314` `-` `210` `6,018` `30,542`	`2023` `£` `8,847` `3,357` `210` `22,557`
		`34,971`

`12. MOVEMENT IN FUNDS`

`At 1.4.23` `£` `Unrestricted funds` `General fund` `332,315` `TOTAL FUNDS` `332,315` `Net movement in funds, included in the above are as follows:` `Incoming` `resources` `£` `Unrestricted funds` `General fund` `586,582` `TOTAL FUNDS` `586,582` `Comparatives for movement in funds` `At 1.4.22` `£` `Unrestricted funds` `General fund` `330,571` `TOTAL FUNDS` `330,571`	`Net` `movement` `in funds` `£` `35,988` `35,988` `Resources` `expended` `£` `(550,594)` `(550,594)` `Net` `movement` `in funds` `£` `1,744` `1,744`	`At` `31.3.24` `£` `368,303` `368,303` `Movement` `in funds` `£` `35,988` `35,988` `At` `31.3.23` `£` `332,315` `332,315`

continued...

Page 12

`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:

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

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

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

Acurrentyear12monthsandprioryear12monthscombinednetmovementin funds,
included in the above are as follows:

`Incoming` `Resources` `resources` `expended` `£` `£` `Unrestricted funds` `General fund` `1,121,882` `(1,084,150)` `TOTAL FUNDS` `1,121,882` `(1,084,150)`	`Movement` `in funds` `£` `37,732` `37,732`

continued...

Page 13

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£19,465shownwithinHumanResourcesontheDetailedStatementof Financial
Activities report is an extraordinary item.

Thesourceofthisfigurewasinheritedfromthepreviousaccountantswherebytherewas an
imbalancebetweentheFixedAssetregisterheldbytheCentreandthebrought forward
figurewithintheaccountsandwehavedecidedtorightthedifferencethisyeartoalign the
accountswiththeregister.Thishashadamaterialaffectontheresultsandhaditnot been
for this alignment the true profitability would have been £16,523.

Page 14

`MRC Community Action`

`Detailed Statement of Financial Activities for the Year Ended 31 March 2024`

`INCOME AND ENDOWMENTS` `Donations and legacies` `Donations` `Charitable income` `Grants` `Donated services and facilities` `Other trading activities` `Shop income` `Investment income` `Deposit account interest` `Other income` `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` `Accountancy` `Carried forward`	`2024` `£` `23,968` `227,318` `144,016` `72,434` `467,736` `117,380` `1,466` `-` `1,466` `586,582` `100,206` `1,487` `6,772` `2,531` `11,617` `250` `871` `23,528` `331,613` `2,050` `333,663`	`2023` `£` `21,611` `173,992` `140,215` `80,569`
		`416,387` `117,827` `567` `519`
		`1,086`
		`535,300` `116,875` `1,067` `10,775` `3,000` `11,617` `5,013` `392`
		`31,864` `299,684` `3,080` `302,764`

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 2024`

`Management` `Brought forward` `Insurance` `Light and heat` `Telephone & Fax` `Postage and stationery` `IT equipment & repairs` `Repairs & maintenance` `Cleaning` `Reception refurbishment` `Finance` `Bank charges` `Human resources` `Asset revaluation reserve` `Freehold property` `Fixtures and fittings` `Motor vehicles` `Total resources expended` `Net income`	`2024` `£` `333,663` `3,525` `28,555` `5,847` `4,528` `8,911` `15,809` `1,582` `26,987` `429,407` `3,387` `(19,465)` `4,048` `1,791` `7,692` `(5,934)` `550,594` `35,988`	`2023` `£` `302,764` `3,965` `24,724` `5,031` `3,444` `5,739` `17,539` `1,438` `-`
		`364,644` `3,567` `-` `4,048` `3,983` `8,575`
		`16,606`
		`533,556`
		`1,744`

This page does not form part of the statutory financial statements

Page 16