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2022-03-31-accounts

REGISTERED COMPANY NUMBER: 02086284 (England and Wales) REGISTERED CHARITY NUMBER: 801419

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

MRS INDEPENDENT LIVING LTD

Brindley Millen Ltd 167 Turners Hill Cheshunt Hertfordshire EN8 9BH

MRS INDEPENDENT LIVING LTD

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2022

Page
Report of the Trustees 1 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10 to 11
Notes to the Financial Statements 12 to 20
Detailed Statement of Financial Activities 21

MRS INDEPENDENT LIVING LTD

REPORT OF THE TRUSTEES

for the Year Ended 31 March 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Our vision, mission and values

Our vision is a society where everyone has a sense of control over their lives and the ability to stay independent, active and connected to the world around them.

Our mission is to provide practical help so that people who need support can live safely and well in their homes and communities.

We achieve this by providing a range of services and projects to support independent living, focusing on minor home adaptations, falls prevention, digital confidence, social isolation, therapeutic decluttering and advice and informal advocacy

Our values are:

Our principles of working

The following principles set out our priorities and guide the way we work:

The Year in Review

This has been a year of intensive activity for MRS during which, with the easing of Covid restrictions in July 2021, we have worked to re-establish our services and projects in their fullest sense and pick up development work paused during the pandemic.

In March, the Management Committee welcomed the successful appointment of our new Trustee, Tade Oyebode. Recruitment took place entirely on line, the first step in increasing the diversity of board members and deepening the expertise and range of interests we have available. Throughout the year Trustees have taken part in educational and training programmes with a view to diversifying our staff, volunteers and Management Committee, and to reviewing the board's decision-making and scrutiny. These evolving processes extend to service user involvement where regular meetings have been established from which it's evident that further preparation will be needed to deliver genuine and effective participation in governance.

Page 1

MRS INDEPENDENT LIVING LTD

for the Year Ended 31 March 2022

REPORT OF THE TRUSTEES

OBJECTIVES AND ACTIVITIES

When the Director returned from parental leave in Spring 2021, she built on her colleagues' careful preparation to implement a flurry of important new policies and policy updates. In the course of the year she has overseen further developments in remote working so that MRS has dispensed with underused office premises, and adopted a hot-desking arrangement at a shared facility in Dalston. Work is in hand to further refine the new staff contract and this has allowed useful consultation and the exploration of some outstanding and even undisclosed concerns. In September 2021 we established a Health and Safety Committee which provides oversight on behalf of the Management Committee and demonstrates our commitment to health and safety as an organisation. One Trustee with a trade union background and a sensory disability attends the Health & Safety Committee as a Trustee Champion. This approach of greater direct involvement is one that we hope to expand in future.

The dominant feature of the year, however, and one considerably exceeding our expectations, has been the successful pursuit of funding. This has been particularly significant for our community advice service (Side by Side), for work with people who hoard, and in enabling the restoration of a fuller range of falls prevention exercise support. The continuous review of our diverse portfolio is a core responsibility of the Trustees. A considerable boost to organisational confidence was achieved when we were able to bring the Side by Side community advice work within the remit of a National Institute of Health Research-funded study into safeguarding and neglect carried out by King's College London. Their subsequent report was an endorsement of an extremely committed and purposeful approach which has helped establish advice-led interventions alongside the hoarding support work as a new pillar of our work at MRS, helping to reshape our identity and direction.

Financially, although we continue as policy to spend down reserves, the acquisition of new funding has enabled a more confident approach to contract negotiation. We're grateful to all our fellow trustees and as ever want to thank the staff for their initiative, resilience and inventiveness in all areas of the organisation's work.

ACHIEVEMENT AND PERFORMANCE OUR ACTIVITIES AND ACHIEVEMENTS IN 2021/22 Home adaptations

In 21/22 we continued to provide our Trusted Assessor service for London Borough of Islington's Occupational Therapy team. This service is delivered on a spot purchase basis, outside of a formal contract arrangement. During the year:

Page 2

MRS INDEPENDENT LIVING LTD

REPORT OF THE TRUSTEES

for the Year Ended 31 March 2022

Falls prevention

Staying Steady

We also continued to deliver the falls prevention service (known as Staying Steady) in City and Hackney, commissioned by London Borough of Hackney's Public Health team. With activity in the first quarter of 21/22 still impacted by the Covid-19 pandemic, our focus for most of the year has been on re-establishing the programme of community-based exercise classes across the boroughs, including finding new venues and partners, and processing the waiting list of referrals. During the year:

Unfortunately our efforts to collaborate with housing providers to host exercise classes have not been particularly successful due to low referrals and retention. We will pursue other avenues to ensure social housing residents and other groups are informed about Staying Steady and able to conveniently access classes locally.

Alongside the main falls prevention contract, we also ran two strength and balance exercise programmes for women from the Orthodox Jewish community, with funding from the Springfield Neighbourhood and London Borough of Hackney's Community Chest. These specialist courses enabled a group that is often excluded from mainstream provision to experience the benefits of group exercise.

Home safety checks were also significantly impacted by the Covid-19 pandemic in the early part of 21/22. Whilst overall referrals have been and remain low (14 in total), we have taken on some complex referrals that have required in-depth and time-intensive work for individuals facing serious safety challenges at home.

Otago home-based exercise

The Otago home-based exercise programme is commissioned by City and Hackney Clinical Commissioning Group (CCG), now the North East London Integrated Care Board. In 21/22, due to ongoing restrictions caused by the Covid-19 pandemic, the CCG commissioned a second pilot of Otago which aimed to trial whether a hybrid approach that reduced the number of in-person visits by an exercise instructor but replaced them with virtual support, was successful in reducing falls amongst a cohort of participants mostly over 75 who are generally unable to access community-based exercise provision due to frailty.

Fifty frail older people at high risk of falls were referred to the pilot. Before the pilot was due to conclude, all Covid-19 restrictions were relaxed in the UK, so the pilot reverted to the standard evidence-based format for Otago delivery. Early indications had shown that participants faced substantial barriers in the ability and willingness to engage with digital technology.

Towards the end of 2021/22, exploratory conversations began with the team leading a local pilot of anticipatory care to see whether this may provide an avenue for future long-term funding of the Otago programme.

Side by Side

Side by Side provides targeted place-based advice and advocacy for people from marginalised and excluded communities who congregate in Gillett Square in Dalston, in partnership with Hackney Cooperative Developments. During the year we worked with academic researchers from King's College London (KCL) who volunteered with the service and produced a case study focusing on Side by Side as part of their research into adult safeguarding in cases of homelessness and self-neglect, which was submitted for publication to the Journal of Adult Protection. This relationship with KCL continues into 22/23. In the period:

Page 3

MRS INDEPENDENT LIVING LTD

REPORT OF THE TRUSTEES

for the Year Ended 31 March 2022

Our work with G shows how the flexible, holistic and long-term approach of Side by Side can lead to successful engagement with vulnerable individuals who do not use mainstream services. When Community Advice Worker Terry first met G on Gillett Square after a stay in hospital, he had no heating or hot water, no furniture, bed or bedding, and his flat was covered in mould. Although under the care of mental health services, he did not attend appointments. Terry helped G with various housing issues and soon he started arriving every week for support. He has been able to get a new lock for his flat, a bed and mattress through an emergency payment, and the landlord is going to replace the gas system. Work continues but these improvements to his living situation will aid G's recovery.

Digital Confidence

Thanks to funding from Wave 5 of the London Community Response Fund, in 21/22 we were able to continue to develop our programme of group and peer learning opportunities for older people wanting to build their confidence using digital technology and the internet. This included:

Most participants had become socially isolated since the first Covid lockdown, and also digitally isolated because they had no online access after lockdown restrictions forced our drop-in service to close along with libraries and other supported access services. Sadly we have heard many stories of depression and helplessness from participants, but the fact that we heard them is evidence that we are reaching people and that the project has made a difference.

Helping service users rebuild their personal networks and the sense of community that is the key to continual engagement and therefore effective learning. For dozens of individual users, we have helped to remove at least one worrying digital problem. They all know they can come back with the next problem - and they know where to find us.

Hackney Dudes

Wave 5 of the London Community Response Fund also supported the continued delivery of our Hackney Dudes project, which helps older men in Hackney overcome social isolation and loneliness. During the year, we organised and hosted a great many social activities for older men at risk of social isolation and loneliness, which included:

We also hosted 52 weekly meet-ups on Zoom, for those who could not join the in-person activities easily or felt anxious about joining.

At the core of our activity planning has always been the Dudes sharing their interests, knowledge and information with each other. In following the interests of participants, along the way other participants will inevitably experience something new. The outcomes we have achieved in 21/22 include:

Page 4

MRS INDEPENDENT LIVING LTD

REPORT OF THE TRUSTEES

for the Year Ended 31 March 2022

Making Room

Making Room provides therapeutic decluttering support for people with mild to severe hoarding behaviour. During 21/22, the service has continued to grow with more and more referrals coming from a wider variety of sources, indicating that outreach and network-building efforts, focusing on key professionals, are proving successful. In the period:

A couple of case studies illustrate the impact of Making Room:

M has severe physical health issues and has been sleeping on her sofa due to the clutter in her flat. Clearing the bedroom and bathroom was the highest priority when we started working with her. We managed to give M access to her bathroom again after just a few sessions. While we're now focusing on her bedroom, we've seen the motivation and mood of M change session after session and very soon, she will be able to sleep in her bed again.

A has struggled with severe depression since her mum passed away. Her hoarding issues made it really difficult to let go of her mum's things. We assisted A with the process of decision making and A now feels comfortable that she doesn't have to keep all of her mum's possessions to remember the good times with her.

DIVERSITY, EQUALITY AND INCLUSION

In 2020/21, we committed to reporting publicly on our equality, diversity and inclusion work as recommended in the Charity Governance Code. Our work this year has focused on:

The Management Committee has agreed a target for itself and our staff group of at least 30% representation from communities reflecting the racial diversity of North East London by the end of 2025. At the end of this period, the diversity of our Management Committee was improved with one Trustee out of six (17%) from a racially diverse background. The diversity of our staff group was also improved with 17% representation from diverse communities.

Page 5

MRS INDEPENDENT LIVING LTD

REPORT OF THE TRUSTEES

for the Year Ended 31 March 2022

FINANCIAL REVIEW

Financial position

2021/22 has seen our income rise significantly from the previous year (£225,554) to over £300,900. Expenditure also rose substantially, from £263,900 in 20/21 to over £286,000. We have ended the year with a surplus of almost £15,000, despite approving a deficit budget at the start of the period in line with our ambition to spend down free reserves to within policy level.

Some reasons for the higher expenditure include the purchases of new vans for the Adaptations service, upfront expenditure on storage and additional costs due to the change in office and working arrangements, and a cost of living pay increase for staff. Income for some services and projects has fallen within the financial year 21/22 despite most expenditure being incurred within 22/23.

Overall we are pleased that MRS has maintained financial stability during the year and has still been able to generate significant external funding towards its services and projects, despite the challenging funding environment. This includes grants generously donated by:

We are extremely grateful to all of our funders and partners for their support in 2021/22.

Fund by fund basis and confirmation that MRS can fulfil its obligations

MRS had reserves to meet current obligations in relation to contracts and to its statutory obligations as an employer.

Reserves policy

In June 2020 Trustees agreed a reserves policy that commits to maintaining 3 to 6 months' expenditure in free reserves, alongside designated funds for innovation, contingency/emergency costs, wind-up costs and environmental sustainability initiatives.

To achieve policy level, the Trustees agreed a deficit budget for 21/22 and approved a plan to continue subsidising services that currently run at a deficit and covering funding gaps and shortfalls for community projects where they occurred. We spent £4,869 from the contingency designated fund in the course of our emergency response to the pandemic.

The policy level for free reserves equates to a target holding of between £75,601 and £151,202 in 22/23 (based on total planned expenditure, including capital expenditure on the two vans). At 31 March 2022, the free reserves are £xxxxxxxx.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Structure, governance and management

MRS is a registered charity and a company limited by guarantee.

Page 6

MRS INDEPENDENT LIVING LTD

REPORT OF THE TRUSTEES

for the Year Ended 31 March 2022

Governing document : MRS Independent Living Ltd is a registered charity and company limited by guarantee, governed by its Memorandum and Art icles of Association dated 30 December 1986 and updated in October 2020.

Membership : At the start of the year MRS had five members who are also members of the Management Committee, each of whom agree to contribute £1 in the event of the charity winding up.

Area of benefit : Primarily London boroughs in North East London, including Islington, Hackney, City of London and other surrounding boroughs.

Public benefit : In managing the work of the organisation and drawing up this report, the Trustees have considered the requirements under section 4 of the Charities Act 2006 to have due regard to both to the public benefit of MRS Independent Living and to ensure that this is reflected in their report.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

02086284 (England and Wales)

Registered Charity number 801419

Registered office The Adiaha Antigha Centre Dalston Lane London E8 3AZ Trustees J Miles Co-chair S Steppens J Tilston Treasurer R Henderson Co-chair D Hardiman O A Oyebode (appointed 21.3.22) Company Secretary N J Pink Independent Examiner Brindley Millen Ltd 167 Turners Hill Cheshunt Hertfordshire EN8 9BH Bankers Cooperative Bank 1 Islington High Street London N16 8JN Mar 30, 2023 Approved by order of the board of trustees on ............................................. and signed on its behalf by:

J. Tilston (Mar 27, 2023 14:59 GMT+1).................................................................................

J Tilston - Trustee

Page 7

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MRS INDEPENDENT LIVING LTD

Independent examiner's report to the trustees of MRS Independent Living Ltd ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts 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 your 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

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England and Wales which is one of the listed bodies.

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 Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. 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

  3. 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)).

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.

mwbrindley

mwbrindley (Mar 30, 2023 12:34 GMT+1)

Maurice Brindley BSc FCA

Institute of Chartered Accountants in England and Wales Brindley Millen Ltd 167 Turners Hill Cheshunt Hertfordshire EN8 9BH

Mar 30, 2023 Date: .............................................

Page 8

MRS INDEPENDENT LIVING LTD

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the Year Ended 31 March 2022

Unrestricted
Designated
fund
funds
Notes
£
£
INCOME AND ENDOWMENTS
FROM
Donations and legacies
-
-
Charitable activities
Independent Living Services
183,540
-
Other income
12,874
-
Total
196,414
-
EXPENDITURE ON
Charitable activities
Independent Living Services
198,716
-
NET INCOME/(EXPENDITURE)
(2,302)
-
Transfers between funds
12
7,560
(7,560)
Net movement in funds
5,258
(7,560)
RECONCILIATION OF FUNDS
Total funds brought forward
144,010
106,000
TOTAL FUNDS CARRIED
FORWARD
149,268
98,440		 Restricted
funds
£
-
104,489
-
104,489
87,432
17,057
-
17,057
23,168
40,225		 31.3.22
31.3.21
Total
Total
funds
funds
£
£
-
-
288,029
213,734
12,874
11,820
300,903
225,554
286,148
262,906
14,755
(37,352)
-
-
14,755
(37,352)
273,178
310,530
287,933
273,178

The notes form part of these financial statements

Page 9

MRS INDEPENDENT LIVING LTD (REGISTERED NUMBER: 02086284)

BALANCE SHEET

31 March 2022

Unrestricted
Designated
fund
funds
Notes
£
£
FIXED ASSETS
Tangible assets
6
28,664
-
CURRENT ASSETS
Stocks
7
4,018
-
Debtors
8
70,579
-
Cash at bank and in hand
71,954
98,440
146,551
98,440
CREDITORS
Amounts falling due within one year
9
(18,627)
-
NET CURRENT ASSETS
127,924
98,440
TOTAL ASSETS LESS
CURRENT LIABILITIES
156,588
98,440
CREDITORS
Amounts falling due after more than
one year
10
(7,320)
-
NET ASSETS
149,268
98,440
FUNDS
12
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
-
40,225
40,225
-
40,225
40,225
-
40,225		 31.3.22
Total
funds
£
28,664
4,018
70,579
210,619
285,216
(18,627)
266,589
295,253
(7,320)
287,933
247,708
40,225
287,933		 31.3.21
Total
funds
£
1,384
3,531
59,520
222,763
285,814
(14,020)
271,794
273,178
-
273,178
250,010
23,168
273,178

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 10

MRS INDEPENDENT LIVING LTD (REGISTERED NUMBER: 02086284)

BALANCE SHEET - continued

31 March 2022

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

Mar 30, 2023

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

J. Tilston (Mar 27, 2023 14:59 GMT+1)

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

J Tilston - Trustee

............................................. J Miles - Trustee

The notes form part of these financial statements

Page 11

MRS INDEPENDENT LIVING LTD

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 March 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements and assessment of going concern

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

The financial statements are presented in sterling (£).

Critical accounting judgements and key sources of estimation uncertainty

In preparing financial statements it is necessary to make certain judgements, estimated and assumptions that affect the amounts recognised in the financial statements. The following judgements and estimates are considered by the trustees to have most significant effect on amounts recognised in the financial statements.

Useful economic life of tangible fixed assets:

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

No depreciation is charged in the year of acquisition and a full years depreciation is charged in the year of disposal.

Stocks

Stock is valued at the lower of cost and net realisable value, after making due allowances for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Debtors

Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.

Cash at bank and in hand

Cash at bank and in hand includes cash, current bank accounts and deposit bank accounts with no withdrawal limitations.

Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount.

continued...

Page 12

MRS INDEPENDENT LIVING LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022

1. ACCOUNTING POLICIES - continued

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Going concern

These financial statements have been prepared on a "going concern" basis which is subject to continued funding of the charities objectives.

The general environment for funding services of the kind provided by Mobile Repair Services Ltd continues to be positive.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially settled at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2. NET INCOME/(EXPENDITURE)

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

31.3.22 31.3.21
£ £
Depreciation - owned assets 9,555 462
Surplus on disposal of fixed assets (6,928) -
Independent examiners fees 2,995 2,995

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

The charity considers its key personnel to comprise the trustees, the director and assistant director. Total key personnel remuneration in the year was £51,854 (2021: £61,656). This figure comprises gross pay £46,370, employer's NI £3,981 and employer's pension £1,504.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

continued...

Page 13

MRS INDEPENDENT LIVING LTD

for the Year Ended 31 March 2022

NOTES TO THE FINANCIAL STATEMENTS - continued

4. STAFF COSTS

The average monthly number of employees during the year was as follows:

5.

31.3.22 31.3.21
All staff 6 6
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Designated Restricted Total
fund funds funds funds
£ £ £ £
INCOME AND ENDOWMENTS FROM
Charitable activities
Independent Living Services 155,866 - 57,868 213,734
Other income 11,820 - - 11,820
Total 167,686 - 57,868 225,554
EXPENDITURE ON
Charitable activities
Independent Living Services 201,889 4,870 56,147 262,906
NET INCOME/(EXPENDITURE) (34,203) (4,870) 1,721 (37,352)
Transfers between funds (4,870) 4,870 - -
Net movement in funds (39,073) - 1,721 (37,352)
RECONCILIATION OF FUNDS
Total funds brought forward 183,083 106,000 21,447 310,530
TOTAL FUNDS CARRIED FORWARD 144,010 106,000 23,168 273,178

continued...

Page 14

MRS INDEPENDENT LIVING LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022

6. TANGIBLE FIXED ASSETS

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST
At 1 April 2021 18,395 7,757 4,008 30,160
Additions - 1,191 35,716 36,907
Disposals - - (4,008) (4,008)
At 31 March 2022 18,395 8,948 35,716 63,059
DEPRECIATION
At 1 April 2021 18,380 6,460 3,936 28,776
Charge for year 4 622 8,929 9,555
Eliminated on disposal - - (3,936) (3,936)
At 31 March 2022 18,384 7,082 8,929 34,395
NET BOOK VALUE
At 31 March 2022 11 1,866 26,787 28,664
At 31 March 2021 15 1,297 72 1,384
7. STOCKS
31.3.22 31.3.21
£ £
Stocks 4,018 3,531
8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£ £
Accounts receivable 46,453 25,222
Refundable deposits - 9,142
VAT 21,863 23,618
Prepayments and accrued income 2,263 1,538
70,579 59,520

Page 15

continued...

MRS INDEPENDENT LIVING LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022

9.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Hire purchase (see note 11)
Trade creditors
Social security and other taxes
Accrued expenses
10.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Hire purchase (see note 11)
11.
LEASING AGREEMENTS
Minimum lease payments under hire purchase fall due as follows:
Net obligations repayable:
Within one year
Between one and five years
12.
MOVEMENT IN FUNDS
Net
movement
At 1.4.21
in funds
£
£
Unrestricted funds
Free Reserves
144,010
(2,302)
Innovation Fund (formally Access to technology)
50,000
-
Environment Sustainability Fund
25,000
-
Contingency Fund
10,000
-
Wind-up Fund (formally Designated fund)
21,000
-
250,010
(2,302)
Restricted funds
Side by Side
711
-
Digital Inclusion
3,408
16,316
Otago (Staying Steady)
12,580
5,650
Coronavirus Fund
6,381
(4,909)
Hackney Dudes Fund
88
-
23,168
17,057
TOTAL FUNDS
273,178
14,755		 31.3.22
£
2,299
6,798
6,536
2,994
18,627
31.3.22
£
7,320
31.3.22
£
2,299
7,320
9,619
Transfers
between
funds
£
7,560
(10,000)
(16,560)
-
19,000
-
-
-
-
-
-
-
-		 31.3.21
£
-
1,489
9,537
2,994
14,020
31.3.21
£
-
31.3.21
£
-
-
-
At
31.3.22
£
149,268
40,000
8,440
10,000
40,000
247,708
711
19,724
18,230
1,472
88
40,225
287,933

Page 16

continued...

MRS INDEPENDENT LIVING LTD

for the Year Ended 31 March 2022

NOTES TO THE FINANCIAL STATEMENTS - continued

12. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
Free Reserves
Restricted funds
Side by Side
Digital Inclusion
Otago (Staying Steady)
Coronavirus Fund
Hackney Dudes Fund
Albert Hunt Trust
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
Free Reserves
Innovation Fund (formally Access to technology)
Environment Sustainability Fund
Contingency Fund
Wind-up Fund (formally Designated fund)
Restricted funds
Side by Side
Digital Inclusion
Otago (Staying Steady)
Coronavirus Fund
Hackney Dudes Fund
TOTAL FUNDS		 Incoming

resources
£
196,414
9,996
38,284
28,001
1,980
24,228
2,000
104,489
300,903
Net
movement
At 1.4.20
in funds
£
£
183,083
(34,203)
50,000
-
25,000
-
10,000
(4,870)
21,000
-
289,083
(39,073)
7,362
(6,651)
2,582
826
11,503
1,077
-
6,381
-
88
21,447
1,721
310,530
(37,352)		 Resources
Movement
expended
in funds
£
£
(198,716)
(2,302)
(9,996)
-
(21,968)
16,316
(22,351)
5,650
(6,889)
(4,909)
(24,228)
-
(2,000)
-
(87,432)
17,057
(286,148)
14,755
Transfers
between
At
funds
31.3.21
£
£
(4,870)
144,010
-
50,000
-
25,000
4,870
10,000
-
21,000
-
250,010
-
711
-
3,408
-
12,580
-
6,381
-
88
-
23,168
-
273,178

continued...

Page 17

MRS INDEPENDENT LIVING LTD

for the Year Ended 31 March 2022

NOTES TO THE FINANCIAL STATEMENTS - continued

12. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
Free Reserves
Contingency Fund
Restricted funds
Side by Side
Digital Inclusion
Otago (Staying Steady)
Coronavirus Fund
Hackney Dudes Fund
Core Costs Fund
TOTAL FUNDS		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
167,686
(201,889)
(34,203)
-
(4,870)
(4,870)
167,686
(206,759)
(39,073)
15,678
(22,329)
(6,651)
8,074
(7,248)
826
6,999
(5,922)
1,077
12,896
(6,515)
6,381
13,221
(13,133)
88
1,000
(1,000)
-
57,868
(56,147)
1,721
225,554
(262,906)
(37,352)		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
167,686
(201,889)
(34,203)
-
(4,870)
(4,870)
167,686
(206,759)
(39,073)
15,678
(22,329)
(6,651)
8,074
(7,248)
826
6,999
(5,922)
1,077
12,896
(6,515)
6,381
13,221
(13,133)
88
1,000
(1,000)
-
57,868
(56,147)
1,721
225,554
(262,906)
(37,352)
(39,073)
(6,651)
826
1,077
6,381
88
-
1,721
(37,352)

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

Unrestricted funds
Free Reserves
Innovation Fund (formally Access to technology)
Environment Sustainability Fund
Contingency Fund
Wind-up Fund (formally Designated fund)
Restricted funds
Side by Side
Digital Inclusion
Otago (Staying Steady)
Coronavirus Fund
Hackney Dudes Fund
TOTAL FUNDS		 Net
movement
At 1.4.20
in funds
£
£
183,083
(36,505)
50,000
-
25,000
-
10,000
(4,870)
21,000
-
289,083
(41,375)
7,362
(6,651)
2,582
17,142
11,503
6,727
-
1,472
-
88
21,447
18,778
310,530
(22,597)		 Transfers
between
funds
£
2,690
(10,000)
(16,560)
4,870
19,000
-
-
-
-
-
-
-
-		 At
31.3.22
£
149,268
40,000
8,440
10,000
40,000
247,708
711
19,724
18,230
1,472
88
40,225
287,933

continued...

Page 18

MRS INDEPENDENT LIVING LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022

12.

MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
Free Reserves
Contingency Fund
Restricted funds
Side by Side
Digital Inclusion
Otago (Staying Steady)
Coronavirus Fund
Hackney Dudes Fund
Core Costs Fund
Albert Hunt Trust
TOTAL FUNDS		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
364,100
(400,605)
(36,505)
-
(4,870)
(4,870)
364,100
(405,475)
(41,375)
25,674
(32,325)
(6,651)
46,358
(29,216)
17,142
35,000
(28,273)
6,727
14,876
(13,404)
1,472
37,449
(37,361)
88
1,000
(1,000)
-
2,000
(2,000)
-
162,357
(143,579)
18,778
526,457
(549,054)
(22,597)

Innovation Fund (formerly Access to Technology)

During the year ended 2016 the charity received a legacy from the estate of the former Vice Chair, Ken Bodden. The trustees have decided to set this money aside with the aim of promoting access to technology for people with disabilities.In the year ended 31 March 2020 this fund was redesignated as the Innovation Fund for investment in new projects and services that meet strategic priorities.

Environmental Sustainability Fund

Monies set aside for environmentally responsible purchase, presently and primarily to fund the purchase of a more environmentally friendly van.

Contingency Fund

Monies set aside for emergency costs

Wind-up Fund (formerly Designated fund )

Monies set aside by the trustees for contingencies for the provision of redundancy payments and to cover staff notice periods and for other costs should the organisation find it necessary to close operations in the future.

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022.

continued...

Page 19

MRS INDEPENDENT LIVING LTD

for the Year Ended 31 March 2022

NOTES TO THE FINANCIAL STATEMENTS - continued

14. GUARANTEE STATUS

The company is limited by guarantee whereby every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, while they are a member or within one year after the cease to be a member, such as may be required, not exceeding one pound.

Page 20

MRS INDEPENDENT LIVING LTD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

for the Year Ended 31 March 2022

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 March 2022
31.3.22 31.3.21
£ £
INCOME AND ENDOWMENTS
Charitable activities
Grants 74,508 52,947
Contracts 94,036 71,999
Fee income 119,485 87,251
Other services income - 1,537
288,029 213,734
Other income
Gain on sale of intangible fixed assets 6,928 -
Job Retention Scheme 5,946 11,820
12,874 11,820
Total incoming resources 300,903 225,554
EXPENDITURE
Charitable activities
Wages 169,497 167,808
Social security 5,648 5,566
Pensions 3,474 3,008
Rent and rates 25,707 10,498
Insurance 2,221 2,010
Telephone 2,095 3,533
Postage and stationery 2,581 1,960
Publicity 1,331 270
Sundries 1,770 782
Motor and travel 6,508 4,538
Training 1,019 1,545
Repairs and renewals 3,473 4,593
Sub-contracted services 33,211 30,910
Materials for minor adaptations 14,722 18,275
Plant & machinery depreciation 4 5
Fixtures & fittings depreciation 622 432
Motor vehicles depreciation 8,929 24
Bank interest 329 850
Hire purchase 50 -
283,191 256,607
Support costs
Governance costs
Accountancy and legal fees 2,957 6,299
Total resources expended 286,148 262,906
Net income/(expenditure) 14,755 (37,352)

This page does not form part of the statutory financial statements

Page 21