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MOUNTSORREL RELIEF IN NEED CHARITY

Registered charity 217615 · accounts filings on the Charity Commission register · also known as Mountsorrel Community Support Fund

Addressing poverty, hardship and distress by providing items and services to Mountsorrel residents when they are most in need.

Causes: The Prevention Or Relief Of Poverty · website · Get email alerts

Latest income
£74k
Latest spending
£182k
Registered
1977
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net deficit of £107,978 for the year ended 31 December 2024, resulting in total assets decreasing to £123,227 from £231,205 in the prior year. Per the trustees' report, free reserves stood at £101,326, which is below the stated policy target of approximately one year's unrestricted management costs due to reduced income. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy (held: £101k; policy: approximately one year’s unrestricted management, administration and support costs, together with an additional reserve to enable the charity to continue grant-making at a typical level in the event of a sudden reduction in income)
“At the year-end, the reserves held were below the target level as a result of reduced income this year.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Trustees of Mountsorrel Relief in Need Charity and the Charity of Hugh Phipps are the same as for Mountsorrel United Charities. Mountsorrel Relief in Need Charity is entitled to one third of the income received by Mountsorrel United Charities, which is paid over on a regular basis. During the year, Mountsorrel United Charities allocated Mountsorrel Relief in Need Charity investment income of £73,006.
“The Trustees of Mountsorrel Relief in Need Charity and the Charity of Hugh Phipps are the same as for Mountsorrel United Charities. Mountsorrel Relief in Need Charity is entitled to one third of the income received by Mountsorrel United Charities, which is paid over on a regular basis. During the year, Mountsorrel United Charities allocated Mountsorrel Relief in Need Charity investment income of £73,006 (2023: £105,392).” — page 23
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Public profiles (found on the charity’s own website): facebook · instagram

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Leicestershire

Income and spending

Financial year endIncomeSpending
31/12/2024£74k£182k
31/12/2023£106k£197k
31/12/2022£247k£209k
31/12/2021£225k£149k
31/12/2020£230k£141k

Common questions

Is MOUNTSORREL RELIEF IN NEED CHARITY financially healthy?

Per its FY2024 accounts: The accounts state that the charity reported a net deficit of £107,978 for the year ended 31 December 2024, resulting in total assets decreasing to £123,227 from £231,205 in the prior year. Per the trustees' report, free reserves stood at £101,326, which is below the stated policy target of approximately one year's unrestricted management costs due to reduced income. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were independently examined.