DocuSign Envelope ID: 23C00ED2-5871-4711-B520-F8B455962193 

**COMPANY REGISTRATION NUMBER: 6078667 CHARITY REGISTRATION NUMBER: 1121320** 

## **The MSE Charity Company Limited by Guarantee Unaudited Financial Statements** 

**31 March 2023** 

## **HAFFNER HOFF LTD** 

Accountants 2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL 



DocuSign Envelope ID: 23C00ED2-5871-4711-B520-F8B455962193 

## **The MSE Charity** 

## **Company Limited by Guarantee** 

## **Financial Statements** 

## **Year ended 31 March 2023** 

||**Page**|
|---|---|
|Trustees' annual report (incorporating the Directors’ report)|**1**|
|Independent examiner's report to the Trustees|**7**|
|Statement of financial activities (including income and||
|expenditure account)|**8**|
|Statement of financial position|**9**|
|Notes to the financial statements|**10**|





DocuSign Envelope ID: 23C00ED2-5871-4711-B520-F8B455962193 

## **The MSE Charity** 

## **Company Limited by Guarantee** 

## **Trustees' Annual Report (Incorporating the Directors’ Report)** 

## **Year ended 31 March 2023** 

The Trustees, who are also the Directors for the purposes of company law, present their report and the unaudited financial statements of the Charity for the year ended 31 March 2023. 

## **Reference and administrative details** 

**Registered charity name** The MSE Charity **Charity registration number** 1121320 **Company registration number** 6078667 **Registered office** c/o Moneysupermarket Group 1 Dean Street London W1D 3RB **The Trustees** V Bissessur C Coleman K A Davies K M Dew A A Gilbert (appointed 17 April 2023) M G Herbert A J Tesciuba **Company secretary** A J Tesciuba **Independent examiner** Mr Howard Schwalbe ACA 2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL 

**- 1 -** 



DocuSign Envelope ID: 23C00ED2-5871-4711-B520-F8B455962193 

## **The MSE Charity** 

## **Company Limited by Guarantee** 

## **Trustees' Annual Report (Incorporating the Directors’ Report)** _**(continued)**_ 

## **Year ended 31 March 2023** 

## **Structure, governance and management** 

## **Description of the Charity's trusts** 

The Charity is constituted by its memorandum and articles of association and is a company limited by guarantee.  It was incorporated on 1 February 2007 and registered in England & Wales with company number 6078667.  It was registered as a charity on 19 October 2007 with charity number 1121320. 

Recruitment and appointment of new Trustees is in line with the articles and with the consent of the Trustees.  Suitable candidates are those who are sensitive to the needs and demands of the organisation and have relevant skills and experience. 

New Trustees are briefed by the Trustees on the objects and operations of the Charity and are referred to the guidance for new Trustees published by the Charity Commission. 

## **Additional governance issues** 

The Charity is funded by donations from the website moneysavingexpert.com and others. 

Grant applications are received and processed by the operations manager and reviewed by the grant advisory panel (GAP).  The GAP reports to the Trustees and includes independent members with substantial experience of the voluntary sector.  Donees are required to report on their application of grants made to them. 10% of each grant is retained until the submission of the project feedback report. There are typically two grant rounds annually, each capped at 40 applications. Applications may only be made through our website. 

The Charity had one employee during the year. 

The Trustees have assessed the major risks to which the Charity is exposed, those related to its operations and finances, and are satisfied that systems are in place to manage their exposure. 

**- 2 -** 



DocuSign Envelope ID: 23C00ED2-5871-4711-B520-F8B455962193 

## **The MSE Charity** 

## **Company Limited by Guarantee** 

## **Trustees' Annual Report (Incorporating the Directors’ Report)** _**(continued)**_ 

## **Year ended 31 March 2023** 

## **Objectives and activities** 

## **Registered objects** 

The objects of the Charity are the advancement of education of the general public in the United Kingdom by providing information and improving education about debt, money and consumer issues. 

## **Main activities** 

The Charity gives grants to UK not for profit organisations that deliver activities which make a lasting impact on how people think, behave and manage their money. 

The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit and to its supplementary public benefit guidance on advancing education when reviewing the Charity's aims and objectives and in planning future activities and setting grant making policy for the year. 

## **Summary of the main achievements during the year** 

Two themed grant rounds committed £104,641 to supporting 18 projects. These reflected the challenging economic and social climate following the COVID-19 pandemic and the inflationary pressures due in part to the war in Ukraine. 

The June 2022 round focused on Developing Resilience in response to the cost of living crisis. The grant criteria included urgent money guidance and emergency debt advice. We moved the timing of the round to get funding out before the October 2022 energy price rises. 

The January 2023 round focused on supporting financial capability projects for Raising the Next Generation including schools-based work, disadvantaged young people, families, victims of domestic abuse and migrants. More information about projects supported is available at www.msecharity.com. 

## **June 2022 – Developing Resilience** 

|**Group name**|**Grant**|**Category**|
|---|---|---|
|Citizens Advice Gosport|£7,395|Money advice and support|
|Age Well East Ltd|£5,549|Budgeting support|
|Sanctus|£5,252|Budgeting support|
|Goldhill Adventure Playground|£6,000|Money advice and financial capability<br>workshops|
|Wave Community Bank(East Sussex Credit Union)|£6,464|Money guidance|
|Citizens Advice Rossendale & Hyndburn|£4,952|Money advice|
|CARE|£7,500|Money advice|
|Women's Health in South Tyneside (WHiST)|£6,409|Money guidance and cooking<br>workshops|
|**Total**|**£49,521**||



**- 3 -** 



DocuSign Envelope ID: 23C00ED2-5871-4711-B520-F8B455962193 

## **The MSE Charity** 

## **Company Limited by Guarantee** 

## **Trustees' Annual Report (Incorporating the Directors’ Report)** _**(continued)**_ 

## **Year ended 31 March 2023** 

## **January 2023 – Raising the Next Generation** 

|**Group name**|**Grant**|**Category**|
|---|---|---|
|Life in Community CIC|£7,392|Family outreach services|
|West Smethwick Enterprise|£7,487|Family outreach services|
|New Hope Global|£6,422|Migrants|
|Beyond Food Foundation|£3,000|Young people|
|Elevate Education Business Partnership|£6,149|Schools-based work|
|SAMEE|£7,475|Young people|
|New Leaf Support|£2,598|Victims and survivors of domestic<br>abuse|
|CRiBS Charitable Trust|£5,069|Schools-based work|
|Sheppey Matters|£2,810|Family outreach services|
|The Growing Club CIC|£6,718|Family outreach services|
|**Total**|**£55,120**||



We continue to develop and improve our systems. Procedures by design in the online application system and grant feedback process limit the Charity’s exposure to grant fraud. The Charity monitors and evidences social impact and public benefit using feedback required from grant recipients. 

Data on our grants since 2016 is transparently and freely accessible through 360Giving. UK funders 

and charities can use the data to improve grant-making practice. 

The GAP met three times in the year. GAP membership has grown and includes two colleagues from moneysavingexpert.com. Members have visited several projects that we have funded. This has developed their knowledge and given valuable feedback and insight to other GAP members and the Trustees. 

Our website, www.msecharity.com is the main communication tool connecting the Charity with potential applicants and interested members of the public.  The Support Us page lets the public review the various ways they can support us financially or by volunteering. 

Various communication channels promote the grant rounds, the website, the MoneySavingExpert Tips weekly email, Twitter, and third sector funding sites such as My Funding Central and Funds Online. 

## **Grant Criteria** 

The Trustees intend to continue with the present criteria for grant-making to fulfil the Charity's mission statement “Dedicated to supporting UK voluntary groups deliver financial life skills which make a lasting impact on the way people think, behave and manage their money”. 

**- 4 -** 



DocuSign Envelope ID: 23C00ED2-5871-4711-B520-F8B455962193 

## **The MSE Charity** 

## **Company Limited by Guarantee** 

## **Trustees' Annual Report (Incorporating the Directors’ Report)** _**(continued)**_ 

## **Year ended 31 March 2023** 

It remains the policy of the Trustees to make grants to constituted groups (not individuals) in the United Kingdom only. With effect from September 2023, grants will be capped at £8,000. 

The Charity accepts applications from organisations with annual income up to £750,000 and less than six months’ unrestricted reserves.  Applicants can check their eligibility by completing a short eligibility quiz on the website before they apply. 

There are four grant themes all focused on building financial capability skills assisting specific groups which rotate through a two-year cycle. 

_Life Changes – September 2023/ September 2025_ 

Bereavement, retirement, relationship breakdown, homelessness, offenders, resettlement. 

_Living with Long Term Challenges – January 2024/ January 2026_ Dementia, autism, learning difficulties, disabilities, carers, mental illness, brain injury, stroke. 

_Building and Developing Resilience - September 2024/ September 2026_ Mental health, wellbeing, cook well for less, training others, independent living skills, peer mentoring. 

_Raising the Next Generation –January 2025 / January 2027_ Children, youth, families; schools-based work, migrants, lone parents, victims and survivors of domestic abuse, family outreach services. 

## **Strategic report** 

The following sections for achievements and performance and financial review form the strategic report of the Charity. 

**- 5 -** 



DocuSign Envelope ID: 23C00ED2-5871-4711-B520-F8B455962193 

## **The MSE Charity** 

## **Company Limited by Guarantee** 

## **Trustees' Annual Report (Incorporating the Directors’ Report)** _**(continued)**_ 

## **Year ended 31 March 2023** 

## **Achievements and performance** 

## **Financial performance** 

The Charity received donations during the year of £132,689.  The Charity paid out £100,446 by way of grants for projects and is committed to payments of up to £14,924 if Grantees reach certain project milestones.  These grants and other charitable expenditure were made in line with the stated objects of the Charity.  The Charity also incurred £31,028 of support and governance costs during the year. 

There were no material fundraising costs during the year. 

The Charity incurred insurance premiums in the year amounting to £1,255. The policy includes trustees' liability insurance. 

There was an overall net income and net movement in funds for the year amounting to £1,644. 

The Trustees are grateful to MoneySavingExpert.com for its support and separately to Mr Martin Lewis who has kindly given to the Charity sufficient support from his charitable resources to meet the costs of the operational management and accountancy, company secretarial and administrative services. 

## **Financial review** 

## **Reserves policy** 

The Charity requires reserves to protect the organisation and its charitable program by providing time to adjust to changing financial circumstances, such as an unexpected reduction in income or increase in costs.  The Charity aims to balance its obligations to spend the maximum amount of its income as soon as possible after receipt and to ensure that grant applications fall within its objects, while maintaining a minimum level of reserves to ensure its operations are not interrupted. 

The Trustees' investment policy is to minimise investment risk by holding reserves in interest earning bank accounts, diversifying where necessary to reduce institutional risk. 

The free reserves, being the net current assets of the Charity stand at £22,774 as at 31 March 2023, all of which are unrestricted. The contingent liability for the balance of grants payable if certain conditions are met is £14,924. This liability is not provided for in the accounts until it falls due. 

The Trustees' annual report and the strategic report were approved on 30 August 2023 and signed on behalf of the board of Trustees by: 


## **A J Tesciuba** 

Trustee 

**- 6 -** 



DocuSign Envelope ID: 23C00ED2-5871-4711-B520-F8B455962193 

## **The MSE Charity** 

## **Company Limited by Guarantee** 

## **Independent Examiner's Report to the Trustees of The MSE Charity** 

## **Year ended 31 March 2023** 

I report to the Trustees on my examination of the financial statements of The MSE Charity ('the Charity') for the year ended 31 March 2023. 

## **Responsibilities and basis of report** 

As the Trustees of the company (and also its Directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’). 

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

## **Independent examiner's statement** 

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

1. accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or 

2. the financial statements do not accord with those records; or 

3. the financial statements 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 financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 

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


## **Mr Howard Schwalbe ACA** 

Independent Examiner 

2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL 

06 September 2023 | 11:20 BST 

**- 7 -** 



DocuSign Envelope ID: 23C00ED2-5871-4711-B520-F8B455962193 

## **The MSE Charity** 

## **Company Limited by Guarantee** 

## **Statement of Financial Activities (including income and expenditure account)** 

## **Year ended 31 March 2023** 

|**Year ended 31 March 2023**|||||
|---|---|---|---|---|
|||**2023**||2022|
|||Unrestricted|||
|||funds**Total funds**||Total funds|
||**Note**|**£**|**£**|£|
|**Income and endowments**|||||
|Donations and legacies|**5**|132,689|**132,689**|121,212|
|Investment income|**6**|429|**429**|237|
|||--------------------------------|--------------------------------|--------------------------------|
|**Total income**||133,118|**133,118**|121,449|
|||================================|================================|================================|
|**Expenditure**|||||
|Expenditure on charitable activities|**7,8**|131,474|**131,474**|197,331|
|||--------------------------------|--------------------------------|--------------------------------|
|**Total expenditure**||131,474|**131,474**|197,331|
|||================================|================================|================================|
|||--------------------------------|--------------------------------|--------------------------------|
|**Net income/(expenditure) and net movement in funds**||1,644|**1,644**|(75,882)|
|||================================|================================|================================|
|**Reconciliation of funds**|||||
|Total funds brought forward||21,130|**21,130**|97,012|
|||--------------------------------|--------------------------------|--------------------------------|
|**Total funds carried forward**||22,774|**22,774**|21,130|
|||================================|================================|================================|



The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 

**The notes on pages 10 to 17 form part of these financial statements.** 

**- 8 -** 



DocuSign Envelope ID: 23C00ED2-5871-4711-B520-F8B455962193 

## **The MSE Charity** 

## **Company Limited by Guarantee** 

## **Statement of Financial Position** 

## **31 March 2023** 

|**The MSE Charity**<br>**Company Limited by Guarantee**<br>**Statement of Financial Position**<br>**31 March 2023**|||||
|---|---|---|---|---|
|||**2023**||2022|
||**Note**|**£**|**£**|£|
|**Current assets**|||||
|Debtors|**16**|**8,538**||916|
|Cash at bank and in hand||**73,529**||75,184|
|||----------------------------||----------------------------|
|||**82,067**||76,100|
|**Creditors: amounts falling due within one year**|**17**|**59,293**||54,970|
|||----------------------------||----------------------------|
|**Net current assets**|||**22,774**|21,130|
||||----------------------------|----------------------------|
|**Total assets less current liabilities**|||**22,774**|21,130|
||||----------------------------|----------------------------|
|**Net assets**|||**22,774**|21,130|
||||============================|============================|
|**Funds of the Charity**|||||
|Unrestricted funds|||**22,774**|21,130|
||||----------------------------|----------------------------|
|**Total Charity funds**|**19**||**22,774**<br>============================|21,130<br>============================|



For the year ending 31 March 2023 the Charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 

Directors' responsibilities: 

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; 

- The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. 

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

These financial statements were approved by the board of Trustees and authorised for issue on 30 August 2023, and are signed on behalf of the board by: 



**K M Dew A J Tesciuba** Trustee Trustee 

**The notes on pages 10 to 17 form part of these financial statements.** 

**- 9 -** 



DocuSign Envelope ID: 23C00ED2-5871-4711-B520-F8B455962193 

## **The MSE Charity** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** 

## **Year ended 31 March 2023** 

## **1. General information** 

The Charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is c/o Moneysupermarket Group, 1 Dean Street, London W1D 3RB. 

## **2. Statement of compliance** 

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. 

## **3. Accounting policies** 

## **Basis of preparation** 

The financial statements have been prepared on the historical cost basis. 

## **Going concern** 

There are no material uncertainties about the Charity's ability to continue. 

## **Judgements and key sources of estimation uncertainty** 

The preparation of the financial statements did not require management to make judgements, estimates or assumptions that affect the amounts reported. 

## **Fund accounting** 

Unrestricted funds held by the Charity are funds that can be used in accordance with the charitable objects at the discretion of the Trustees. 

## **Incoming resources** 

All incoming resources are included in the statement of financial activities when entitlement has passed to the Charity; it is probable that the economic benefits associated with the transaction will flow to the Charity and the amount can be reliably measured. Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. 

## **Resources expended** 

Expenditure is recognised on an accruals basis as a liability is incurred, includes VAT, and is classified under headings of the statement of financial activities to which it relates: 

Expenditure on charitable activities includes all costs incurred by a Charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the Charity apportioned to charitable activities. 

**- 10 -** 



DocuSign Envelope ID: 23C00ED2-5871-4711-B520-F8B455962193 

## **The MSE Charity** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2023** 

## **3. Accounting policies** _**(continued)**_ 

## **Tangible assets** 

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. 

## **Depreciation** 

Depreciation is calculated to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: 

Equipment 

- 33% straight line 

## **Impairment of fixed assets** 

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. 

## **Financial instruments** 

A financial asset or a financial liability is recognised only when the Charity becomes a party to the contractual provisions of the instrument. 

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. 

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. 

**- 11 -** 



DocuSign Envelope ID: 23C00ED2-5871-4711-B520-F8B455962193 

## **The MSE Charity** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2023** 

## **3. Accounting policies** _**(continued)**_ 

## **Financial instruments** _**(continued)**_ 

## **Defined contribution plans** 

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. 

## **4. Limited by guarantee** 

The MSE Charity is a registered charity and a company limited by guarantee and does not have a share capital.  In the event of the Charity being wound up, members are required to contribute an amount not exceeding £10. 

## **5. Donations and legacies** 

|**Donations and legacies**|||||
|---|---|---|---|---|
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
||Funds|**2023**|Funds|2022|
||£|**£**|£|£|
|**Donations**|||||
|Donations|132,689|**132,689**|121,212|121,212|
||================================|================================|================================|================================|



**- 12 -** 



DocuSign Envelope ID: 23C00ED2-5871-4711-B520-F8B455962193 

## **The MSE Charity** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2023** 

## **6. Investment income** 

|**6.**|**Investment income**|||||
|---|---|---|---|---|---|
|||Unrestricted|<br>**Total Funds**|Unrestricted|Total Funds|
|||Funds|<br>**2023**|Funds|2022|
|||£|**£**|£|£|
||Bank interest receivable|429|<br>**429**|237|237|
|||==============|==============|==============|==============|
|**7.**|**Expenditure on charitable activities**|**by fund type**||||
|||Unrestricted|<br>**Total Funds**|Unrestricted|Total Funds|
|||Funds|<br>**2023**|Funds|2022|
|||£|**£**|£|£|
||Projects|100,446|<br>**100,446**|172,942|172,942|
||Support costs|31,028|<br>**31,028**|24,389|24,389|
|||--------------------------------|--------------------------------|--------------------------------|--------------------------------|
|||131,474|<br>**131,474**|197,331|197,331|
|||================================|================================|================================|================================|
|**8.**|**Expenditure on charitable activities**|**by activity type**||||
|||Grant funding|<br>Support|**Total funds**|Total fund|
|||of activities|<br>costs|**2023**|2022|
|||£|£|**£**|£|
||Projects|100,446|<br>26,408|**126,854**|192,711|
||Governance costs|–|<br>4,620|**4,620**|4,620|
|||--------------------------------|----------------------------|--------------------------------|--------------------------------|
|||100,446|<br>31,028|**131,474**|197,331|
|||================================|============================|================================|================================|
|**9.**|**Analysis of support costs**|||||
||||Analysis of|||
||||support costs|**Total 2023**|Total 2022|
||||£|**£**|£|
||Staff costs||24,616|**24,616**|17,832|
||General office||1,792|**1,792**|1,937|
||Governance costs||4,620|**4,620**|4,620|
||||----------------------------|----------------------------|----------------------------|
||||31,028|**31,028**|24,389|
||||============================|============================|============================|
|**10.**|**Analysis of grants**|||||
|||||**2023**|2022|
|||||**£**|£|
||**Grants to constituted groups**|||||
||Projects|||**100,446**|172,852|
|||||--------------------------------|--------------------------------|
||Total grants|||**100,446**|172,852|
|||||================================|================================|



**- 13 -** 



DocuSign Envelope ID: 23C00ED2-5871-4711-B520-F8B455962193 

## **The MSE Charity** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2023** 

## **11. Net income/(expenditure)** 

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

||Net income/(expenditure) is stated after charging/(crediting):|||
|---|---|---|---|
|||**2023**|2022|
|||**£**|£|
||Depreciation of tangible fixed assets|**–**|90|
|||==============|==============|
|**12.**|**Independent examination fees**|||
|||**2023**|2022|
|||**£**|£|
||Fees payable to the independent examiner for:|||
||Independent examination of the financial statements|**1,620**<br>=======================|1,620<br>=======================|



## **13. Staff costs** 

The total staff costs and employee benefits for the reporting period are analysed as follows: 

||**2023**|2022|
|---|---|---|
||**£**|£|
|Wages and salaries|**23,719**|16,998|
|Employer contributions to pension plans|**897**|834|
||----------------------------|----------------------------|
||**24,616**<br>============================|17,832<br>============================|



The average head count of employees during the year was 1 (2022: 1). The average number of full-time equivalent employees during the year is analysed as follows: 

||**2023**|2022|
|---|---|---|
||**No.**|No.|
|Administrative staff|**1**|1|
||==============|==============|



No employee received employee benefits of more than £60,000 during the year (2022: Nil). 

## **14. Trustee remuneration and expenses** 

No remuneration or other benefits from employment with the Charity or a related entity were received by the Trustees other than those disclosed in the related party note. 

**- 14 -** 



DocuSign Envelope ID: 23C00ED2-5871-4711-B520-F8B455962193 

## **The MSE Charity** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2023** 

## **15. Tangible fixed assets** 

|**15.**|**Tangible fixed assets**|||
|---|---|---|---|
|||Equipment|**Total**|
|||£|**£**|
||**Cost**|||
||**At 1 April 2022 and 31 March 2023**|462|**462**|
|||==============|==============|
||**Depreciation**|||
||**At 1 April 2022 and 31 March 2023**|462|**462**|
|||==============|==============|
||**Carrying amount**|||
||**At 31 March 2023**|–|**–**|
|||==============|==============|
||At 31 March 2022|–|–|
|||==============|==============|
|**16.**|**Debtors**|||
|||**2023**|2022|
|||**£**|£|
||Prepayments and accrued income|**923**|866|
||Other debtors|**7,615**|50|
|||-----------------------|--------------|
|||**8,538**|916|
|||=======================|==============|
|**17.**|**Creditors:** **amounts falling due within one year**|||
|||**2023**|2022|
|||**£**|£|
||Accruals and deferred income|**52,620**|54,471|
||Social security and other taxes|**6,597**|429|
||Other creditors|**76**|70|
|||----------------------------|----------------------------|
|||**59,293**<br>============================|54,970<br>============================|



## **18. Pensions and other post retirement benefits** 

## **Defined contribution plans** 

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £897 (2022: £834). 

**- 15 -** 



DocuSign Envelope ID: 23C00ED2-5871-4711-B520-F8B455962193 

## **The MSE Charity** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2023** 

## **19. Analysis of charitable funds** 

## **Unrestricted funds** 

|**Unrestricted funds**|||||
|---|---|---|---|---|
||At 01|||**At 31**|
||Apr 2022|Income|Expenditure|**Mar 2023**|
||£|£|£|**£**|
|General funds|21,130|133,118|(131,474)|**22,774**|
||============================|================================|================================|============================|
||At 01|||At 31|
||Apr 2021|Income|Expenditure|Mar 2022|
||£|£|£|£|
|General funds|97,012|121,449|(197,331)|21,130|
||============================|================================|================================|============================|



## **20. Analysis of net assets between funds** 

|**Analysis of net assets between funds**|||
|---|---|---|
||Unrestricted|**Total Funds**|
||Funds|**2023**|
||£|**£**|
|Current assets|82,067|**82,067**|
|Creditors less than 1 year|(59,293)|<br>**(59,293)**|
||----------------------------|----------------------------|
|**Net assets**|22,774|**22,774**|
||============================|============================|
||Unrestricted|Total Funds|
||Funds|2022|
||£|£|
|Tangible fixed assets|–|–|
|Current assets|76,100|76,100|
|Creditors less than 1 year|(54,970)|<br>(54,970)|
||----------------------------|----------------------------|
|**Net assets**|21,130|21,130|
||============================|============================|



## **21. Contingencies** 

The Charity retains 10% of all grants made, pending the submission of the feedback form by the donee.  The contingent liability for these retentions, as at 31 March 2023, was £14,924. 

## **22. Related parties** 

During the year Tesciuba Limited, a company of which A J Tesciuba is a Director and shareholder, provided professional accountancy, company secretarial and administrative services amounting to £3,000 including VAT. 

During the year K A Davies, Trustee of The MSE Charity, received £17,149 in remuneration for administrative work.  She was not paid for her role as Trustee. 

**- 16 -** 



DocuSign Envelope ID: 23C00ED2-5871-4711-B520-F8B455962193 

## **The MSE Charity** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2023** 

## **23. Taxation** 

The MSE Charity is a registered charity and therefore is not liable to income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities. 

**- 17 -**