2024-05-31-accounts - Mc Fund

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees' Annual Report for the period

From

Period start date Period end date 01 06 2023 31 05 2024

Section A Reference and administration details

Charity name MC FUND

Other names charity is known by Registered charity number (if any) 06906324

128 CITY ROAD LONDON ENGLAND Postcode EC1V 2NX

Names of the charity trustees who manage the charity

----- Start of picture text -----
Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
Mr Amin
1 Mohammed
Umarjee
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
----- End of picture text -----

TAR

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

Names and addresses of advisers (Optional information)

Type of adviser Name Address

Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document

Declaration of Trust

(eg. trust deed, constitution)

How the charity is constituted

Company

(eg. trust, association, company)

Trustees are appointed or reappointed annually at the Annual General Trustee selection methods Meeting

(eg. appointed by, elected by)

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

policies and procedures adopted for the induction and training of trustees;
the charity’s organisational structure and any wider network with which the charity works;
relationship with any related parties;
trustees’ consideration of major risks and the system and procedures to manage them.

TAR

Section C Objectives and activities

Summary of the objects of the charity set out in its governing document Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)	Provide grants to other charities that focus on supporting underserved communities in the UK. Our charity aims to help other charities improve the lives of those in need.
	WITH KEEPING IN MIND THE CHARITY COMMISIION’S GUIDANCE ON PUBLIC BENEFIT ACTIVITES FOR THE YEAR WERE PLANNED AT OUR TRUSTEE MEETINGS. ACTIVITES WERE AS FOLLOWS: - WORK WITH OTHER LOCAL CHARITIES - TO REACH OUT PEOPLE ON LARGER PLATFORM

Additional details of objectives and activities (Optional information)

TAR

You may choose to include further statements, where relevant, about:

policy on grantmaking;
policy programme related investment;
contribution made by volunteers.

Section D Achievements and performance

TAR

Section D Achievements and performance

Summary of the main HAS WORKED WITH OTHER CHARITES TO HELP UNDERSERVED achievements of the charity COMMUNITIES IN UK. during the year

TAR

Section E Financial review

Brief statement of the charity’s policy on reserves

CASH AT BANK DATED 31/05/2024 WAS £43,787 IN UNRESTRICTED FUNDS.

Details of any funds materially in deficit

NOT APPLICABLE

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

the charity’s principal sources of funds (including any fundraising);
how expenditure has supported the key objectives of the charity;
investment policy and objectives including any ethical investment policy adopted.

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Mr Amin Mohammed Umarjee Full name(s) Mr Amin Mohammed Umarjee Position (eg Secretary, TRUSTEE Chair, etc)

Date 28-02-2025

TAR

Registered number 06906324

MC Fund

Accounts

31 May 2024

MC Fund Report and accounts Contents

	Page
Company information	1
Accountants' report	2
Profit and loss account	3
Balance sheet	4
Detailed profit and loss account	5
Detailed balance sheet	6

MC Fund Company Information

Directors

Mr Amin Mohammed Umarjee

Accountants

Fast Accountancy Solutions Ltd 84 Katherine Road East Ham London England E6 1EN

Registered office

128 City Road London England EC1V 2NX

Registered number 06906324

MC Fund Accountants' Report

Accountants' report to the directors of MC Fund

You consider that the company is exempt from an audit for the year ended 31 May 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account and the Balance Sheet from the accounting records of the company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

Fast Accountancy Solutions Ltd Accountants and Tax Consultants

84 Katherine Road East Ham London England E6 1EN

28 February 2025

MC Fund

Profit and Loss Account for the year ended 31 May 2024

Donations Received Charity work Gross profit Other charges Surplus of Donations before taxation Suplus	2024 £ 234,428 (205,469) 28,959 (200) 28,759 28,759	2023 £ 36,213 (21,385) 14,828 (150) 14,678 14,678

MC Fund Registered number: 06906324 Balance Sheet as at 31 May 2024

Current assets Creditors: amounts falling due within one year Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year Net assets Capital and reserves Average number of employees	2024 £ 43,787 (4,034) 39,753 39,753 - 39,753 39,753 Number 0	2023 £ 14,828 (150) 14,678 14,678 (3,684) 10,994 10,994 Number 0

The company is a private company limited by shares and incorporated in England. Its registered office is 128 City Road, London, England, EC1V 2NX.

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared in accordance with the micro entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

Mr Amin Mohammed Umarjee Director Approved by the board on 28 February 2025

MC Fund

Detailed profit and loss account items for the year ended 31 May 2024

This schedule does not form part of the statutory accounts

Donations Received Donations Charity Work Done Charity work Other charges Legal and professional costs: Accountancy fees	2024 £ 234,428 205,469 200 200 200	2023 £ 36,213 21,385 150 150 150

MC Fund

Detailed balance sheet items as at 31 May 2024

This schedule does not form part of the statutory accounts and should NOT be sent to HMRC

Current assets Cash at bank and in hand Creditors: amounts falling due within one year Trade creditors Other creditors Creditors: amounts falling due after more than one year Other creditors Capital and reserves Profit and loss account Profit and loss account Brought forward Profit	2024 £ 43,787 200 3,834 4,034 - 39,753 10,994 28,759 39,753	2023 £ 14,828 150 - 150 3,684 10,994 (3,684) 14,678 10,994

Independent examiner’s report on the accounts

Report to the trustees/ members of MC FUND

On accounts for the year ended 31[st] May 2024

Responsibilities and basis of report: -

I report to the trustees on my examination of the accounts for the year ended 31 March 2024. As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the Charities Act 2011 ("the Act").

I report in respect of my examination of the Trust's accounts carried out under s145 of the Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under s145(5)(b) of the Act.

’ Independent examiner s statement: -

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

accounting records were not kept in accordance with section 130 of the Act; or
the accounts do not accord with the accounting records.

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

Signed: Faiza Faisal

Name: Mrs Faiza Faisal [Address: -][ Fast Accountancy Solutions Ltd ] 84 Katherine Road E6 1EN Relevant professional qualification(s) or body (if any) Date 28-02-2025

TAR