MCS CHARITABLE FOUNDATION

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

Consolidated group

Auditor

Saffery LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Having considered the working capital requirements of the charity and group alongside cash flow projections, budgets and the cash available within the business, the Trustees believe that the charity will continue in existence for at least twelve months following the approval of these financial statements. The group had a strong cash balance of £5,330,495 as at 31 December 2024. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. MCS CHARITABLE FOUNDATION · parent
   1. The MCS Service Company Limited 100% · UK · certification of microgeneration technologies used to produce electricity and heat from renewable sources.

Significant events

• “In 2023 the MCS Charitable Foundation changed its trading name to The MCS Foundation.”
• “In July 2024, the previous CEO of the Foundation resigned after being elected MP for Waveney Valley and in April 2025 Dr Garry Felgate joined to continue the excellent work and drive towards our charitable objectives.”
• “During the year there were some minor changes to the membership of the Board of Trustees, with a Trustee stepping down in January 2024, two new Trustees joining at the beginning of February 2024 and a further three Trustees joining in June 2025.”
• “In April 2025 MCS Charitable Foundation was granted Charitable Status in Scotland (SC054191) by the Scottish Charity Regulator (OSCR) and will be planning to use this responsibility to further push forward the decarbonisation of homes in Scotland.”
• “2024 has been another good year for the Service Company. The Service Company has built on an exceptional year of growth in 2023 brought about by successfully repositioning the Certification Scheme as the sector's quality assurance, irrespective of MCS being a requirement to access government incentives.”
• “According to data from the MCS Data Dashboard, there were more than 260,000 certified installations in UK homes and small businesses last year, including heat pumps, solar and battery storage. This is a 7% increase compared to 2023, which itself was a record year for installations.”
• “Heat pumps saw a significant and record-breaking rise in 2024, with almost 60,000 certified installations - a 43% increase on 2023. This milestone brings the total number of certified heat pump installations in the UK to over 275,000.”
• “Following the outcomes determined through public consultation in 2023 the Service Company launched its new Scheme in January 2025, working with certification bodies and installers to trial aspects of the Scheme before launch.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  +9.9%

  £7,840,308 → £8,616,242

• Cash

  +33.1%

  £3,558,932 → £4,735,819

• Net assets

  +5%

  £9,588,787 → £10,066,051

• Employees

  +15.2%

  66 → 76

• Operating profit

  -62.9%

  £1,581,887 → £586,976

• Profit before tax

  -71.9%

  £1,697,596 → £477,264

• Wages

  +33.3%

  £2,371,002 → £3,160,218

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