MINDS MATTER (TRADING ACTIVITIES) LIMITED

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Crowe U.K. LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After considering these factors, the directors have concluded that Minds Matter (Trading Activities) Limited has a reasonable expectation that there are adequate resources to continue in operational existence for the foreseeable future and have continued to prepare the financial statements on a going concern basis.”

Significant events

• “MMTA income was £21 million compared to £18.7 million in prior year. The retail team deliver these results and comprises a Field Operations team as well as shop staff and over 3,000 volunteers.”
• “MMTA has generated profits of £2.8m to be gift aided to the parent charity, and a further £2.8m for the charity under the retail gift aid scheme.”
• “The directors consider the principle risks and uncertainties of the business to be: The removal of the compulsory 80% charitable rate relief issued by central government, The possible crash of the recycling textile industry, The risk of imposing VAT on donations, The possible saturation of the market, The economic upturn resulting in customers returning to previous shopping, The possible further lockdown of retail units due to Covid-19.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

11

last 12 months

Capital events

0

last 24 months

Officers appointed

5

last 12 months

Officers resigned

4

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +12.5%

  £18,675,075 → £21,015,861

• Cash

  -7.7%

  £1,571,268 → £1,449,827

• Net assets

  0%

  £5 → £5

• Employees

  +15.2%

  505 → 582

• Operating profit

  +30.7%

  £2,168,278 → £2,834,918

• Profit before tax

  +30.7%

  £2,168,278 → £2,834,918

• Wages

  +20.2%

  £9,156,958 → £11,005,590

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers