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 2025
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 2025
|
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 2025
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct 2006,
presenttheirreportwiththefinancialstatementsofthecharityfortheyearended31March 2025.
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
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 9 September 2025 and signed on its behalf by:
Page 1
MRC Community Action
Report of the Trustees
for the Year Ended 31 March 2025
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 2025.
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 2025
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
£
451,585
118,081
2,305
571,971
525,329
32,855
558,184
13,787
368,303
382,090 |
Restricted
funds
£
-
-
-
-
-
-
-
-
-
- |
2025
Total
funds
£
451,585
118,081
2,305
571,971
525,329
32,855
558,184
13,787
368,303
382,090 |
2024
Total
funds
£
467,736
117,380
1,466 |
|
|
|
|
586,582 |
|
|
|
|
527,066
23,528 |
|
|
|
|
550,594 |
|
|
|
|
35,988
332,315 |
|
|
|
|
368,303 |
The notes form part of these financial statements
Page 5
MRC Community Action
Balance Sheet 31 March 2025
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
13
Unrestricted funds
TOTAL FUNDS |
Unrestricted
fund
£
99,887
80,736
220,426
301,162
(18,959)
282,203
382,090
382,090 |
Restricted
funds
£
-
-
-
-
-
-
-
- |
2025
Total
funds
£
99,887
80,736
220,426
301,162
(18,959)
282,203
382,090
382,090
382,090
382,090 |
2024
Total
funds
£
109,542
73,114
216,189
289,303
(30,542)
258,761
368,303
368,303
368,303
368,303 |
|
|
|
|
|
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477ofthe Companies
Act 2006 for the year ended 31 March 2025.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfor the
year ended 31 March 2025 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 2025
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicable to
charitable companies subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
9 September 2025 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 2025
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 2025
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 |
2025
£
118,081
2025
£
1,749
556
2,305
2025
£
428,440
2025
£
9,655 |
2024
£
117,380 |
2024
£
117,380 |
|
|
2024
£
1,466
-
1,466
2024
£
426,860 |
2024
£
1,466
- |
|
|
|
1,466 |
|
|
2024
£
13,532 |
|
6. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March 2025
nor for the year ended 31 March 2024.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31March2025norforthe year
ended 31 March 2024.
continued...
Page 9
MRC Community Action
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
7. STAFF COSTS
The average monthly number of employees during the year was as follows:
2025
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
467,736
-
Other trading activities
117,380
-
Investment income
1,466
-
Total
586,582
-
EXPENDITURE ON
Raising funds
527,066
-
Other
23,528
-
Total
550,594
-
NET INCOME
35,988
-
RECONCILIATION OF FUNDS
Total funds brought forward
332,315
-
TOTAL FUNDS CARRIED
FORWARD
368,303
- |
2024
26
Total
funds
£
467,736
117,380
1,466 |
|
586,582 |
|
527,066
23,528 |
|
550,594 |
|
35,988
332,315 |
|
368,303 |
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 2025
9. TANGIBLE FIXED ASSETS
Freehold
Motor
property
vehicles
£
£
COST
At 1 April 2024 and 31 March 2025
202,366
280,332
DEPRECIATION
At 1 April 2024
101,525
276,517
Charge for year
4,048
3,815
At 31 March 2025
105,573
280,332
NET BOOK VALUE
At 31 March 2025
96,793
-
At 31 March 2024
100,841
3,815
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Marlene Reid Enterprises
Rent Deposit - Attic new lease
Other debtors
VAT
Prepayments |
Computer
& Fixtures
equipment
£
118,010
113,124
1,792
114,916
3,094
4,886
2025
£
10,710
30,432
3,300
6,863
10
29,421
80,736 |
Totals
£
600,708 |
Totals
£
600,708 |
|
|
491,166
9,655 |
|
|
|
500,821 |
|
|
|
99,887 |
|
|
|
109,542 |
|
|
|
|
2024
£
14,591
30,432
3,300
-
1,522
23,269 |
|
|
|
73,114 |
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 2025
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 12)
Trade creditors
Social security and other taxes
Pension Fund Contributions
Other creditors
Deferred income
12.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts
13.
MOVEMENT IN FUNDS
At 1.4.24
£
Unrestricted funds
General fund
368,303
TOTAL FUNDS
368,303
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
571,971
TOTAL FUNDS
571,971 |
2025
£
1,862
6,564
4,215
(319)
400
6,237
18,959
2025
£
1,862
Net
movement
in funds
£
13,787
13,787
Resources
expended
£
(558,184)
(558,184) |
2024
£
-
24,314
-
-
210
6,018
30,542
2024
£
-
At
31.3.25
£
382,090
382,090
Movement
in funds
£
13,787
13,787 |
|
|
|
continued...
Page 12
MRC Community Action
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
13. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS |
At 1.4.23
£
332,315
332,315 |
Net
movement
in funds
£
35,988
35,988 |
At
31.3.24
£
368,303 |
|
|
|
368,303 |
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
resources
£
586,582
586,582 |
Resources
expended
£
(550,594)
(550,594) |
Movement
in funds
£
35,988
35,988 |
|
|
|
|
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
At 1.4.23
£
332,315
332,315 |
Net
movement
in funds
£
49,775
49,775 |
At
31.3.25
£
382,090 |
|
|
|
382,090 |
continued...
Page 13
MRC Community Action
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
13. MOVEMENT IN FUNDS - continued
Acurrentyear12monthsandprioryear12monthscombinednetmovementin funds,
included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
1,158,553
(1,108,778)
TOTAL FUNDS
1,158,553
(1,108,778) |
Movement
in funds
£
49,775
49,775 |
|
|
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
15. RESTRICTED FUNDS
The following Restricted items are included in Unrestricted Funds:
Restricted Income
Donations - MRC The Centre- £10,384.03
Charitable Income:
Transport - SCS Driver £33,919.71
Transport - ACS Driver £10,002.10
Transport - DAR £7,924.50
Transport Grants - £75,936.00
Shop Income - Furniture Project - Donated Goods - £84,229.16
TOTAL RESTRICTED INCOME - £222,395.50
Restricted Expenditure
Charitable Expenditure:
Transport SCS Driver Expenses - £21,736.69
Transport ACS Driver Expenses - £6,708.60
TOTAL RESTRICTED EXPENDITURE - £ 28,445.29
Page 14
MRC Community Action
Detailed Statement of Financial Activities for the Year Ended 31 March 2025
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 |
2025
£
11,370
231,325
123,802
85,088
451,585
118,081
1,749
556
2,305
571,971
96,889
-
14,593
5,881
11,154
-
1,227
32,855
336,811
2,200
339,011 |
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 |
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 2025
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 |
2025
£
339,011
3,885
17,807
9,118
3,343
11,636
27,465
2,542
-
414,807
3,978
-
4,048
1,792
3,815
9,655
558,184
13,787 |
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 |
|
|
|
This page does not form part of the statutory financial statements
Page 16