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← MRS Independent Living

2025-03-31-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 2025

FOR

MRS INDEPENDENT LIVING LTD

MRS INDEPENDENT LIVING LTD

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 MARCH 2025

Page
Report of the Trustees 1 to 12
Independent Examiner's Report 13
Statement of Financial Activities 14
Balance Sheet 15 to 16
Notes to the Financial Statements 17 to 26
Detailed Statement of Financial Activities 27 to 28

MRS INDEPENDENT LIVING LTD

REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2025

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 2025. 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).

The mission of MRS Independent Living is to help older people, people with disabilities and those with support needs live safely, independently, and with dignity in their homes and communities.

2024/25 was a year of challenge, change and achievement. Funding pressures continued to test our resilience, with the consequences of money-saving initiatives in Hackney Council and the local NHS being seen in the decision not to recommission Staying Steady, the falls prevention service that has served Hackney's community of older people since at least 2013.

This year we moved into a new base at the Marie Lloyd Centre in Hackney, which as well as providing an office, offers flexible space for activities, meetings and events. It is the home of Keeping Sharp, our new programme of strength and balance exercise classes which launched in early 2025 and has proved popular with older people seeking a sense of community as much as exercise.

Co-locating at the Marie Lloyd Centre with other charities and organisations supporting older people, carers, people with disabilities is already bringing benefits and we look forward to deepening these partnerships.

We undertook a substantial programme of stakeholder engagement around Making Room in 24/25, bringing together colleagues in the local authority, NHS and other agencies involved in the support and safeguarding of people who hoard. Our one-year grant did not ultimately give us enough time to achieve the system transformation we were aiming for, but we certainly generated some momentum towards change and succeeded in increasing understanding of hoarding, of the problems in the system, and of the valuable service Making Room provides.

From exercise programmes that restore confidence and mobility, to decluttering interventions that make homes safe again, to advice and advocacy that secures access to services, benefits or prevents eviction, our work has reached and supported around 1,000 people in 24/25. This report showcases the breadth of our work, the voices of those we support, and the dedication of our staff, trustees, and volunteers.

Page 1

MRS INDEPENDENT LIVING LTD

REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2025

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.

Our values are:

Our principles of working

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

Page 2

MRS INDEPENDENT LIVING LTD

REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2025

ACHIEVEMENTS AND PERFORMANCE OUR ACTIVITIES AND ACHIEVEMENTS IN 2024/25

Keeping Active and Preventing Falls

Staying Steady

2024-25 marked the fifth and final year of the Staying Steady contract, the falls prevention service funded by City and Hackney Public Health. Staying Steady offers the evidence-based, 24-week Falls Management Exercise (FaME) programme to people over 55 in City and Hackney.

Budget pressures in Public Health and a decision by commissioners to prioritise investment in primary prevention meant that Staying Steady was not recommissioned beyond March 2025, despite strong support from service users and health professionals. The NHS was unable to secure continued funding, disappointing local physiotherapists who relied on the service to help reduce waiting times. However, Staying Steady's success has directly inspired the development of Keeping Sharp, a new programme that ensures older people can continue to engage with regular strength and balance exercise in a community setting.

Referrals

Referrals for the year totalled 189, with over 40% coming from Homerton Hospital-based services, 20% from the Adult Community Rehabilitation Team, and 20% self-referrals.

Two-thirds of participants were aged between 70 and 89. Women made up almost three-quarters of participants (older women are more likely to have osteoporosis and osteoarthritis).

Completions and Outcomes

- 110 people completed the 24-week programme (people referred after 1 October did not receive the full 24 weeks and aren't included in these results).

Participant Feedback

Participants highlighted both physical and social benefits:

Otago Falls Prevention

Otago is a home-based falls prevention programme for frail older adults at high risk of falls, who are unable to attend exercise classes in the community. The programme is delivered over six months with six home visits and two motivational phone calls, and is tailored according to individual needs.

Funded by NHS North East London, the programme aims to prevent deterioration of strength and balance as much as improvement, and offers an exercise intervention for a cohort for whom there are not many other options.

Eighty percent of Otago participants were aged over 70, with 19 people aged 90 and over.

Page 3

MRS INDEPENDENT LIVING LTD

REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2025

Referrals and Completions

Case Study

Mrs T, in her late 80s and living with arthritis, diabetes, and high blood pressure, had stopped walking independently after a series of falls. She started the Otago programme in December 24 and by late January was exercising daily, reporting less knee pain. Her sister observed improvements in her walking posture and confidence. By the end of the programme, Mrs T was walking outside for longer and felt much more confident when walking. She was stronger and felt better in herself, now she was able to do things that she couldn't do before due to the pain in her knees.

Keeping Sharp

Keeping Sharp launched in January 2025 as a follow-on from Staying Steady, designed to keep older adults active, socially connected and engaged through exercise classes that focus on strength and balance.

Developed in collaboration with a core group of users of The Sharp End, a well-loved Hackney organisation that closed several years ago, Keeping Sharp revives the spirit of the Sharp End and its offer of free/low-cost, fun and inclusive classes for older people.

Keeping Sharp officially launched in February 25 and classes have been well-received across the board. The current programme includes:

Chair-Based Exercise was added a few weeks after launch in response to high demand and has since reached full capacity most weeks. Pilates continues to be our busiest class, regularly drawing 10-15 attendees.

Funding and Impact

Keeping Sharp has been funded by a Sport England grant in 24/25, which enables us to offer the classes for free, with participants encouraged to donate £3 per class if they can afford it.

Many participants from Staying Steady have transitioned into Keeping Sharp, creating a strong sense of continuity and community. Service users frequently report improvements in mood, mobility, and confidence, and often comment on the positive impact regular physical activity has on their social lives and overall wellbeing.

Living Safely and Well at Home

Making Room

Our skilled decluttering practitioners continue to offer a unique blend of therapeutic and practical support to individuals with hoarding behaviours within their own homes.

Page 4

MRS INDEPENDENT LIVING LTD

REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2025

The rise in referrals reflects growing awareness of the positive outcomes achieved by the service and its cost-effectiveness compared with other approaches such as blitz cleans. Despite this increase, funding for the service remains insecure and challenging, with spot purchase funding approved in just under 25% of referrals , a slight decrease from the previous year due to tightening local authority budgets.

A grant from the City & Hackney Population Health Hub's Mental Health Inequalities Fund enabled 13 additional individuals to access support whilst either waiting approval for statutory funding, or who would not have been eligible for it.

NHS Physical Capacity funding in winter 24/25 aimed to support medically fit patients at Homerton Hospital who could not be discharged due to clutter. Although funding was available to support up to 16 people, only three referrals were received. The discrepancy between initial enthusiasm from hospital discharge teams and actual take-up by the hospital-based adult social care team was reported back to commissioners and it remains unclear why this funded support was not utilised for patients.

We also continued with efforts to influence the development of a joined-up local hoarding support system. Following a stakeholder event in December 2023, two further well-attended stakeholder events took place in July and October 2024, bringing together NHS, housing and adult social care teams with the fire service, voluntary sector and academic researchers. While systemic change remains a long-term goal, these initiatives successfully raised the profile of the service among frontline staff and commissioners, which we believe has led to an increase in referrals.

Thanks to grant income and spot purchasing, we reduced the budget deficit for Making Room to approximately 5% in 24/25, a significant improvement on 23/24. Despite these gains, Making Room remains a non-commissioned service, reliant on a precarious mix of funding streams.

Case Study

Peter, who has been living in temporary accommodation for six months, was referred to Making Room by his social worker. Working alongside his Housing Officer, our decluttering practitioners helped coordinate Peter's return home. Over six weeks, Peter was supported to declutter and make decisions about his possessions. The initial plan included a blitz clean, addressing maintenance issues such as mould, damp, and boiler checks, and potential bathroom upgrades. Following discussions, the plan has expanded to full redecoration, a new boiler, and possible kitchen upgrades . Helping Peter to advocate for himself has been crucial to giving him the best chance of sustaining his tenancy. Further support discussions will continue once Peter returns home.

Islington Home Adaptations

Our Trusted Assessors continued to work with London Borough of Islington's occupational therapy team in 24/25, helping older people and people with disabilities stay safe and independent at home by assessing their needs and providing minor adaptations and aids to promote independence.

Challenges for the service resulted mainly from the reliance on a small team, with capacity issues caused by staff sickness and induction training for new recruits.

Unfortunately the service made a significant loss in 24/25. We continue to operate without a contract, which affects our ability to forward plan and increase staff capacity. We intend to mitigate this loss by undertaking a detailed review of prices in 25/26 to ensure we can continue to deliver the service long-term.

Page 5

MRS INDEPENDENT LIVING LTD

REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2025

Case Study

Following a lower limb amputation, Sandra was required to use a wheelchair and found herself housebound, unable to leave her home to attend appointments or visit friends and family. The isolation started to impact her mental health. Our team designed and installed a bespoke raised timber platform and ramp, enabling Sandra's safe access to her garden and community. This greatly improved her wellbeing and confidence, while also supporting her family and transport providers to assist her safely.

Update on handyperson service

In 2023/24, Trustees approved the development of a new handyperson service, which had been due to launch in 24/25. Unfortunately, recruitment challenges and the expectation that the service would likely run at a loss (at least for the initial period) at a time of financial pressures within other services, meant the decision was taken to pause further work on this service until 26/27.

Helping People Overcome Difficulties and Exclusion

Side by Side

Side by Side is a holistic support service rooted in the marginalised and excluded community that congregates in Gillett Square, Hackney. Many in this community have long-standing experience of racism and poverty, are homeless or precariously housed, or living with disability, alcohol or substance misuse issues. Distrust of statutory and mainstream services is high, and many in the community choose not to engage or seek support.

We provide advice, advocacy, practical help and emotional support to people within the Gillett Square community and their friends and families on a self-referral basis only. The service embodies 'positive practices' known to be successful in engaging with individuals and communities that typically avoid seeking help and support.

Case studies:

Side by Side Advisory Group

The Side by Side Advisory Group continued to receive reports from frontline staff and contribute to decision-making around the service, its delivery and future direction. The Advisory Group comprises frontline staff, management, trustees, academics and expert advisors, and its purpose is to provide a support forum for staff, as well as guidance on organisational issues and feeding insight and learning into policy and research.

Floating Advice & Support

All of our service users are able to access support from our floating advice worker who does regular outreach at our activity sessions and takes referrals from across the organisation. This model of incorporating access to advice within all of our activities means we can provide a much more holistic response, whichever way people access our support. In 24/25:

Page 6

MRS INDEPENDENT LIVING LTD

REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2025

Success stories include:

Challenges in delivering a timely service persist; some down to the pressures on statutory services and difficulties in multi-agency working. Missed appointments are also an issue. Despite these challenges, our support continues to make a tangible difference, improving clients' financial security, mobility, and overall wellbeing.

Peer Support and Lifelong Learning

Fifty Plus Digital

Our weekly Digital Drop-in on Wednesdays at Mildmay Community Centre remains a trusted digital hub for older people, with one-to-one support provided by a mix of committed long-term volunteers and increasing numbers of corporate volunteers.

We continue to offer a welcoming, social learning environment and continuous growth in participation. Challenges remain: one afternoon per week is insufficient to meet demand, and the limitations of delivering within a community centre environment (specifically around storage, maintenance and WiFi) restrict our ability to expand.

Satellite 'Learning Together' initiatives delivered during the year included small-group workshops, smartphone courses, and a partnership with the Margins drop-in at Union Chapel, which explored digital inclusion support models for homeless older people.

Hackney Dudes

The Hackney Dudes project combines social, creative, and practical support for older men, reducing social isolation and loneliness, and opening up opportunities for connection and peer support amongst a group that is typically reluctant to engage with community activities.

In 24/25 we engaged with 86 Dudes through a packed programme of activities including:

Page 7

MRS INDEPENDENT LIVING LTD

REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2025

Alongside 'official' Dudes activities, there are now several self-organised and informal groups, set up by Dudes, such as a bowling club, a group that does community gardening together, and another that tours lunch venues in Hackney.

Case study

One older man in his sixties who joined the Dudes several years ago told us that:

"In the pandemic, my social life imploded. Quite a few friends died and there was a huge gap in my life. The Hackney Dudes has filled that gap. I'm much happier now, I was quite depressed during the pandemic and the knock-on effect it had on my social life didn't help, so this has been a life-saver really. It's desperately needed and I really appreciate the fact that it is here."

Looking Ahead

2026/27 will bring new opportunities and challenges:

Within everything we do, we remain committed to innovation, collaboration, and amplifying the voices of our service users.

Page 8

MRS INDEPENDENT LIVING LTD

REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2025

ACHIEVEMENTS AND PERFORMANCE EQUALITY, DIVERSITY AND INCLUSION

In 2020/21, we committed to reporting publicly on our equality, diversity and inclusion (EDI) work as recommended in the Charity Governance Code.

The Management Committee has agreed a target for itself and our staff group of at least 30% representation from communities reflecting the ethnic diversity of North East London by the end of 2025.

At the end of this period, two out of nine (22%) Trustees and four out of 14 (29%) employees were from a Black or global majority community. We have made good progress, but we still have work to do to meet and exceed the target we have set for ourselves and ensure we fully represent the communities we serve.

Amongst our services and projects, people from Black and global majority communities accounted for:

Data for Making Room is not yet available due to old referral forms still being in circulation, nor for Islington Adaptations as this data is not included in Islington Council's referral form.

FINANCIAL REVIEW

Financial position

Income rose to £478,019, an increase of 14% on the previous financial year. Of this, approximately £52,700 refers to income received for service delivery in 25/26.

Restricted income as a proportion of all income was consistent with 23/24 at around 50%. Total expenditure increased by 21% to £487,820. The accounts show an overall deficit of £9,801 at year-end, although unrestricted funds have increased by £7,968.

Reserves policy

Our reserves policy commits to maintaining 3 to 6 months' expenditure in free reserves, alongside designated funds for innovation, contingency/emergency costs and wind-up costs.

This equates to a target holding for free reserves of between £113,697 and £227,395 in (based on total budgeted expenditure). At 31 March 2025, the free reserves were £117,079 and within policy level.

Reserves have this year been called upon to fund deficits in the Islington Adaptations service, Making Room, Side by Side and Keeping Sharp. For Islington Adaptations and Making Room, this is largely due to income from spot purchases not covering expenditure and we expect these issues to improve next year.

For Side by Side, an extended handover between new and retiring staff led to higher than budgeted staff costs. For Keeping Sharp, management and overheads costs were covered from reserves due to their exclusion from eligible costs by Sport England.

Page 9

MRS INDEPENDENT LIVING LTD

REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2025

FINANCIAL REVIEW

Designated Funds

£2,487 was drawn from the Innovation Fund in 24/25 to fund a small pilot of the new Keeping Sharp exercise programme. The Wind-Up Fund was increased to £65,000 to cover

increased staff redundancy and notice liabilities in the event of a closure.

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.

Acknowledgements

Thank you to our dedicated staff, volunteers, trustees, and partners for their ongoing commitment and support, and to our service users, whose engagement, resilience, and stories inspire and motivate us every day.

Special thanks to all of our funders in 2024/25 for their support:

Page 10

MRS INDEPENDENT LIVING LTD

REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT Structure, governance and management

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

Governing document

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

Membership

At the start of the year MRS had eight 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

Marie Lloyd Centre 329-331 Queensbridge Road London E8 3LA

Page 11

MRS INDEPENDENT LIVING LTD

REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2025

Trustees

J Miles Co-chair S Steppens J Tilston R Henderson Co-chair D Hardiman O A Oyebode A Tunks Ms M Cornes Ms T M Lawal (appointed 25.7.24)

Company Secretary

N J Pink

01/13/2026 Approved by order of the board of trustees on ............................................. and signed on its behalf by:

..........................................................................John Miles (Jan 13, 2026 17:05:16 GMT) J Miles - Trustee

Page 12

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 2025.

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 member of the 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.

Maurice Brindley BSc FCA

01/14/2026 Date: .............................................

Page 13

MRS INDEPENDENT LIVING LTD

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the Year Ended 31 MARCH 2025

Unrestricted
Designated
fund
funds
Notes
£
£
INCOME AND
ENDOWMENTS FROM
Donations and legacies
547
-
Charitable activities
Independent Living Services
227,824
-
Investment income
2
6,653
-
Total
235,024
-
EXPENDITURE ON
Charitable activities
Independent Living Services
223,923
2,487
NET
INCOME/(EXPENDITURE)
11,101
(2,487)
Transfers between funds
12
(646)
-
Net movement in funds
10,455
(2,487)
RECONCILIATION OF
FUNDS
Total funds brought forward
139,663
113,350
TOTAL FUNDS CARRIED
FORWARD
150,118
110,863		 Restricted
funds
£
-
242,995
-
242,995
261,410
(18,415)
646
(17,769)
77,567
59,798		 31.3.25
Total
funds
£
547
470,819
6,653
478,019
487,820
(9,801)
-
(9,801)
330,580
320,779		 31.3.24
Total
funds
£
2
417,537
2,430
419,969
404,411
15,558
-
15,558
315,022
330,580

The notes form part of these financial statements

Page 14

MRS INDEPENDENT LIVING LTD (REGISTERED NUMBER: 02086284)

BALANCE SHEET 31 MARCH 2025

Unrestricted
Designated
fund
funds
Notes
£
£
FIXED ASSETS
Tangible assets
7
12,948
-
Investments
8
20,091
-
33,039
-
CURRENT ASSETS
Stocks
9
6,396
-
Debtors
10
31,760
-
Cash at bank and in hand
101,673
110,863
139,829
110,863
CREDITORS
Amounts falling due within one
year
11
(22,750)
-
NET CURRENT ASSETS
117,079
110,863
TOTAL ASSETS LESS
CURRENT LIABILITIES
150,118
110,863
NET ASSETS
150,118
110,863
FUNDS
12
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
-
-
-
59,798
59,798
-
59,798
59,798
59,798		 31.3.25
Total
funds
£
12,948
20,091
33,039
6,396
31,760
272,334
310,490
(22,750)
287,740
320,779
320,779
260,981
59,798
320,779		 31.3.24
Total
funds
£
16,972
-
16,972
4,751
68,637
257,380
330,768
(17,160)
313,608
330,580
330,580
253,013
77,567
330,580

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 15

continued...

MRS INDEPENDENT LIVING LTD (REGISTERED NUMBER: 02086284)

BALANCE SHEET - continued 31 MARCH 2025

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

The financial statements were approved by the Board of Trustees and authorised for issue on01/13/2026 ............................................. and were signed on its behalf by:

.............................................John Miles (Jan 13, 2026 17:05:16 GMT)

J Miles - Trustee

Andrew tunks

.............................................Andrew tunks (Jan 13, 2026 17:10:27 GMT) A Tunks - Trustee

The notes form part of these financial statements

Page 16

MRS INDEPENDENT LIVING LTD

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 MARCH 2025

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, with the exception of investments which are included at market value.

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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

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.

continued...

Page 17

MRS INDEPENDENT LIVING LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2025

1. ACCOUNTING POLICIES - continued

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.

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 MRS Independent Living 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.

continued...

Page 18

MRS INDEPENDENT LIVING LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2025

2. INVESTMENT INCOME

INVESTMENT INCOME
31.3.25 31.3.24
£ £
Deposit account interest 6,653 2,430
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.3.25 31.3.24
£ £
Depreciation - owned assets 4,242 5,657
Independent examiners fees 2,640 2,995

3. NET INCOME/(EXPENDITURE)

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

The charity considers its key personnel to comprise the trustees, the director and assistant director. Total key personnel remuneration in the year was £62,509 (2024: £51,515). This figure comprises gross pay £55,105, employer's NI £5,200 and employer's pension £2,204.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

5. STAFF COSTS

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

31.3.25 31.3.24
All staff 9 8
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
Donations and legacies 2 - - 2
Charitable activities
Independent Living Services 207,302 - 210,235 417,537
Investment income 2,430 - - 2,430
Total 209,734 - 210,235 419,969

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

continued...

Page 19

MRS INDEPENDENT LIVING LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2025

6.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Designated
Restricted
fund
funds
funds
£
£
£
EXPENDITURE ON
Charitable activities
Independent Living Services
224,276
-
180,135
NET INCOME/(EXPENDITURE)
(14,542)
-
30,100
Transfers between funds
(20,633)
18,000
2,633
Net movement in funds
(35,175)
18,000
32,733
RECONCILIATION OF FUNDS
Total funds brought forward
174,838
95,350
44,834
TOTAL FUNDS CARRIED FORWARD
139,663
113,350
77,567
7.
TANGIBLE FIXED ASSETS
Fixtures
Plant and
and
Motor
machinery
fittings
vehicles
£
£
£
COST
At 1 April 2024
18,395
10,457
35,716
Additions
-
218
-
At 31 March 2025
18,395
10,675
35,716
DEPRECIATION
At 1 April 2024
18,389
8,559
20,648
Charge for year
1
474
3,767
At 31 March 2025
18,390
9,033
24,415
NET BOOK VALUE
At 31 March 2025
5
1,642
11,301
At 31 March 2024
6
1,898
15,068		 Total
funds
£
404,411
15,558
-
15,558
315,022
330,580
Totals
£
64,568
218
64,786
47,596
4,242
51,838
12,948
16,972

continued...

Page 20

MRS INDEPENDENT LIVING LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2025

8. FIXED ASSET INVESTMENTS
Listed
investments
£
MARKET VALUE
Additions 20,091
NET BOOK VALUE
At 31 March 2025 20,091
At 31 March 2024 -
There were no investment assets outside the UK.
9. STOCKS
31.3.25 31.3.24
£ £
Stocks 6,396 4,751
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£ £
Accounts receivable 29,637 51,596
VAT - 15,503
Prepayments and accrued income 2,123 1,538
31,760 68,637
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£ £
Trade creditors 5,997 3,056
Social security and other taxes 14,112 11,110
Accrued expenses 2,641 2,994
22,750 17,160

continued...

Page 21

MRS INDEPENDENT LIVING LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2025

12. MOVEMENT IN FUNDS

At 1.4.24
£
Unrestricted funds
Free Reserves
139,663
Innovation Fund (formally Access to
technology)
38,350
Contingency Fund
10,000
Wind-up Fund (formally Designated fund)
65,000
253,013
Restricted funds
Side by Side
15,951
Digital Inclusion
14,409
Otago (Staying Steady)
2,783
Coronavirus Fund
1,472
Hackney Dudes Fund
9,033
Grants for individuals
919
Making Room
33,000
Keeping Sharp
-
77,567
TOTAL FUNDS
330,580
Net movement in funds, included in the above are as follows:
Unrestricted funds
Free Reserves
Innovation Fund (formally Access to
technology)
Restricted funds
Side by Side
Digital Inclusion
Hackney Dudes Fund
Grants for individuals
Making Room
Keeping Sharp
Core Grants
TOTAL FUNDS		 Net
movement
in funds
£
11,101
(2,487)
-
-
8,614
5,809
3,557
-
-
(1,616)
(1,565)
(33,000)
8,400
(18,415)
(9,801)
Incoming
resources
£
235,024
-
235,024
111,773
37,275
70,684
1,500
-
10,100
11,663
242,995
478,019		 Transfers
between
At
funds
31.3.25
£
£
(646)
150,118
-
35,863
-
10,000
-
65,000
(646)
260,981
-
21,760
-
17,966
-
2,783
-
1,472
-
7,417
646
-
-
-
-
8,400
646
59,798
-
320,779
Resources
Movement
expended
in funds
£
£
(223,923)
11,101
(2,487)
(2,487)
(226,410)
8,614
(105,964)
5,809
(33,718)
3,557
(72,300)
(1,616)
(3,065)
(1,565)
(33,000)
(33,000)
(1,700)
8,400
(11,663)
-
(261,410)
(18,415)
(487,820)
(9,801)

continued...

Page 22

MRS INDEPENDENT LIVING LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2025

12. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
Free Reserves
Innovation Fund (formally Access to
technology)
Contingency Fund
Wind-up Fund (formally Designated fund)
Restricted funds
Side by Side
Digital Inclusion
Otago (Staying Steady)
Coronavirus Fund
Hackney Dudes Fund
Floating Advice and Support
Grants for individuals
Making Room
TOTAL FUNDS		 At 1.4.23
£
174,838
38,350
10,000
47,000
270,188
10,623
21,171
2,783
1,472
88
8,550
147
-
44,834
315,022		 Net
movement
in funds
£
(14,542)
-
-
-
(14,542)
5,328
(6,762)
-
-
8,945
(11,183)
772
33,000
30,100
15,558		 Transfers
between
funds
£
(20,633)
-
-
18,000
(2,633)
-
-
-
-
-
2,633
-
-
2,633
-		 At
31.3.24
£
139,663
38,350
10,000
65,000
253,013
15,951
14,409
2,783
1,472
9,033
-
919
33,000
77,567
330,580

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

Unrestricted funds
Free Reserves
Restricted funds
Side by Side
Digital Inclusion
Hackney Dudes Fund
Floating Advice and Support
Grants for individuals
Making Room
TOTAL FUNDS		 Incoming
resources
£
209,734
66,736
22,250
66,499
20,000
1,750
33,000
210,235
419,969		 Resources
Movement
expended
in funds
£
£
(224,276)
(14,542)
(61,408)
5,328
(29,012)
(6,762)
(57,554)
8,945
(31,183)
(11,183)
(978)
772
-
33,000
(180,135)
30,100
(404,411)
15,558		 Resources
Movement
expended
in funds
£
£
(224,276)
(14,542)
(61,408)
5,328
(29,012)
(6,762)
(57,554)
8,945
(31,183)
(11,183)
(978)
772
-
33,000
(180,135)
30,100
(404,411)
15,558
30,100
15,558

continued...

Page 23

MRS INDEPENDENT LIVING LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2025

12. MOVEMENT IN FUNDS - continued

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)
Contingency Fund
Wind-up Fund (formally Designated fund)
Restricted funds
Side by Side
Digital Inclusion
Otago (Staying Steady)
Coronavirus Fund
Hackney Dudes Fund
Floating Advice and Support
Grants for individuals
Keeping Sharp
TOTAL FUNDS		 At 1.4.23
£
174,838
38,350
10,000
47,000
270,188
10,623
21,171
2,783
1,472
88
8,550
147
-
44,834
315,022		 Net
movement
in funds
£
(3,441)
(2,487)
-
-
(5,928)
11,137
(3,205)
-
-
7,329
(11,183)
(793)
8,400
11,685
5,757		 Transfers
between
funds
£
(21,279)
-
-
18,000
(3,279)
-
-
-
-
-
2,633
646
-
3,279
-		 At
31.3.25
£
150,118
35,863
10,000
65,000
260,981
21,760
17,966
2,783
1,472
7,417
-
-
8,400
59,798
320,779

continued...

Page 24

MRS INDEPENDENT LIVING LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2025

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
Innovation Fund (formally Access to
technology)
Restricted funds
Side by Side
Digital Inclusion
Hackney Dudes Fund
Floating Advice and Support
Grants for individuals
Making Room
Keeping Sharp
Core Grants
TOTAL FUNDS		 Incoming
resources
£
444,758
-
444,758
178,509
59,525
137,183
20,000
3,250
33,000
10,100
11,663
453,230
897,988		 Resources
Movement
expended
in funds
£
£
(448,199)
(3,441)
(2,487)
(2,487)
(450,686)
(5,928)
(167,372)
11,137
(62,730)
(3,205)
(129,854)
7,329
(31,183)
(11,183)
(4,043)
(793)
(33,000)
-
(1,700)
8,400
(11,663)
-
(441,545)
11,685
(892,231)
5,757

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.

Page 25

continued...

MRS INDEPENDENT LIVING LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2025

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.

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 26

MRS INDEPENDENT LIVING LTD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 MARCH 2025

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 MARCH 2025
31.3.25 31.3.24
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 548 -
Grants (1) 2
547 2
Investment income
Deposit account interest 6,653 2,430
Charitable activities
Grants 248,834 210,435
Contracts 101,000 113,183
Fee income 120,985 93,919
470,819 417,537
Total incoming resources 478,019 419,969
EXPENDITURE
Charitable activities
Wages 297,778 239,162
Social security 15,207 11,075
Pensions 8,274 6,829
Rent and rates 14,141 6,561
Insurance 4,184 3,905
Telephone 1,371 1,301
Postage and stationery 1,297 1,280
Publicity 1,489 1,383
Sundries 2,246 1,095
Motor and travel 6,806 5,663
Training 2,655 677
Repairs and renewals 116 753
Subscriptions - 227
Computer costs 4,824 3,169
Sub-contracted services 54,146 40,938
Materials for minor adaptations 19,435 20,976
Partnership Expenses - 5,427
Venue Hire 35,725 37,948
Plant & machinery depreciation 2 2
Fixtures & fittings depreciation 475 633
Motor vehicles depreciation 3,767 5,023
Carried forward 473,938 394,027

This page does not form part of the statutory financial statements

Page 27

MRS INDEPENDENT LIVING LTD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 MARCH 2025

for the Year Ended 31 MARCH 2025
31.3.25 31.3.24
£ £
Charitable activities
Brought forward 473,938 394,027
Bank interest 144 -
Grants to individuals 9,714 5,128
483,796 399,155
Support costs
Finance
Bank charges - 91
Governance costs
Accountancy and legal fees 4,024 5,165
Total resources expended 487,820 404,411
Net (expenditure)/income (9,801) 15,558

This page does not form part of the statutory financial statements

Page 28

2026-01-14

MRS Independent Living Ltd Y.e 31.03.25

Final Audit Report

Created: 2026-01-13 By: Maurice Brindley (MWB@brindleyjacob.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAkj1f08l3o6V0xw6EkVr_IkyaOfF77RS1

"MRS Independent Living Ltd Y.e 31.03.25" History

Document created by Maurice Brindley (MWB@brindleyjacob.co.uk)

2026-01-13 - 15:23:41 GMT- IP address: 31.113.180.146

Document emailed to jm.opaal@gmail.com for signature

2026-01-13 - 15:23:47 GMT

Email viewed by jm.opaal@gmail.com

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Signature Date: 2026-01-13 - 17:05:16 GMT - Time Source: server- IP address: 31.94.64.128

Document emailed to ajtunks@btinternet.com for signature

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Email viewed by ajtunks@btinternet.com

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Signer ajtunks@btinternet.com entered name at signing as Andrew tunks

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Document e-signed by Andrew tunks (ajtunks@btinternet.com)

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Document emailed to Maurice Brindley (MWB@brindleyjacob.co.uk) for signature 2026-01-13 - 17:10:28 GMT

2026-01-14 - 10:38:00 GMT- IP address: 31.113.180.146

Signature Date: 2026-01-14 - 10:38:49 GMT - Time Source: server- IP address: 31.113.180.146

Agreement completed.

2026-01-14 - 10:38:49 GMT