``` 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 ```