Reg13tered number: 02249151 Charlty number: 1011284 MILTON KEYNES WOMEN'S AID ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
MILTON KEYNES WOMEN'S AID cOrENTs Pag8 Legal and admlnlstratlve Inforniatlon Trustees. report Indopond•nl audltor¥' report on the Ilnanclal $tsl•ments 8-11 stst•m•nt of flnan¢lal actlvlths 12 Balance Shoot 13-14 Statem•nt of cash flows 15 Not•8 to the flnanclal 8talom•nts 16-31
MILTON KEYNES WOMEN'S AID LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2024 Trusteos M Balal (appointed 26 April 2023) H E Fishèr E Hynes MRKaur T L Mangena K N Parmar (appolnted 26 Aprll 2023) S Payne B E Taeed (appolnted 28 Aprfl 2023> A Vinc8nt {reslgn8d 3 July 2024) Dr K Watters (reslgned 25 October 2023) K Parmar {appointed 19 June 2024) A Tutani (appointed 19 June 2024) Company rngl$t•rod number 02249151 Charlty roglgt•r•d number 1011284 R•gl$tornd offlrA Moorgate House &lbury Boulevard Mllton Keynes MK9 1LZ Company Socretary T L Mangena Independent audltors MHA Chartered Accountants statutory Audltors Moorgate House 201 Silbury Boulevard Mllton Keynes Buckinghamshire MK9 1LZ Page 1
MILTON KEYNES WOMEN'S AID TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present thelr roport and financlal statèmènts for the yèar énded 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in not8 1 to the financi81 ststements and comply with the charitys Memorandum and Articles of Association daled 28 April 1988 and subsequent amendments, the Companies Act 2006 and °Accounting and Reporting by Charities.. Statement of Recommended Practice applicablo to charities preparing their accounts in accordance with th8 Financial Reportir*J Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective from 1 January 2019).. ObJe¢tlve8 and actlvltlgs Milton Keynes Women's Aid18 a member of the Women's Aid Federatlon for England (WAFE). MKWA is also company limSted by guarantee and as such operatés under the name MK-ACT Dom8Stlc Vlolence Intervention seiceS. We have been providing safe 8m8rg8ncy accommodati¢Jn in Milton K8yn8s for Vm8n and th8ir chlldren escaping Domestic Abuse IDAI for nearfy 50 yoars. Mllton K8yn8s Clty Councll has support8d our activities as they have developed and we have worked closely with the Council and wilh Bedford Pilgrim Houslng Assoclatlon to develop purposfrbullt refuge acGommodatlon. Slnce 2008 we have been ¢omml$8loned to provlde a range of DA servlces under contract to Milton Keynes City Councll under the brandlng of MK-ACT, brlrvJlng us togethar as one organls8tlon, We won the contract again in 2020. the ierm of this contract Is for a mlnimum of 5 years. Our servlces Currently compdso places of refuge for woman and children who hav8 exp8rienc8d or are at risk of DA, a Crlsls Sgrvl¢e wth h8lplln9s for vlctlms and professionals, a perpetrator programm8 with partn8r 8UPPOrt, an outr88ch 88rvic8, d8V8lopmenl programme$ and tralnlng, counselllng and a volunteer programme. We work ¢0118boratlV91y Vth local and reglonal agencles and other relevant organlsallons to achieve our alms and strategic obj8CtIV88. Mlssion Statement MK-ACT is an irKlependent charitable organisation that works to protect adults and childr8n from domestl¢ land sexual) vlolence and abuse by provldlng a range of high quality support services, Includlng places of refug8 for women and children who have 8xp8rienced or are at rlsk of DA, and worklng to empower and encourage survlvors to rebulld their lives. free from vlolence and abuse. Our prlmary purpose Is to address violence agalnst VMen and glrls through our activities and seNic8s. In acknowledgement of the gendered nature of DA, our focus Is on vMen and chlld survlvors of DA. Our Values • Dignity and Respoct- We resped th8 human rights and dlgnlty of each individual using our servlc8s, ensuring our work is infomied by thelr testlmony and pla¢gS the hlghest prlorlty on thelr safety. • Empowerment - We are commltted to provldlng user-centred servlces that address cllenls, needs and aspirations and contribute to their empowerment to determine their own and their children's lives. High Qualty- We are committed to delivering high quality and effadive services b8s8d on the principles of Infomied declston-rnaklng and support8d autonomy for clients, and mutual aid. Cooperatlon and Collaboratlon - We value Cfroperation and collaboration in partnershlps with other agencies that enable us to deliver posltlve outcom8s for survivors and their Children. • Divetsity- We value the diverse contribLrtions of all our staff, volunteers and stakeholders towards the a¢hievem6nt of our aims. Page 2
MILTON KEYNES WOMEN'S AID TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 MK-Act has a commltmont to ènsuring that our services are of 8 hlgh quality and have a proactive 8pproach to monitoring the quality of the delivery of our servlces. We are one of very few Specialist S8rvices withln the UK that holds all three main accreditslions in the field of DA WAFE National Standards Safe Lives Leading Lights Accreditation RESPECT full accreditatlon of Fresh Start Cyber Essentials The Charity achl8ves its oblectlves by runnlng a number of refuges to house women and thelr families, a Crlsis Service, Perp8trator Programme. Voluntser Servic8 and OLrtreach Support. Th8 Charity is contracted by the local Council to provlde a Domestlc Vlol8nce SeNle8 for Milton Keynes. Publ1¢ Bone The Trustegs have consldered th8 publlc benefit guidance publlshed by the Charlty Commisslon and are 8atisfl8d that the Charltys facililles are made available to all appropriate members of the public. Wh8re thè tenants are unable to meet their rental payments directly, council funding is available to ensure that all membors of the public can b8 provided wlth accommodation wlthout reference to thelr financlal position. The Charltys helpllne Is available during office hours and our accommodation provision has the facility in emergency sltuattons an onwcall functlon. The trust88S. Staff and volunt88rs of the Charity are continuing to raise awarenes8 of the Charltys servlce8 in order to ralse awarene88 of the 8ervlce8 provided. Achl•voments and p•rformonc• In the lasl year Mli ton Keynes Women's Aid has continued to meet targets and deliv8r plannéd i)utcomes relatlng to our main contract. meeting all r618vant quality standards. Our conli8¢t with Milton K6yn8s Clty Council contlnues until 2025 to provlde Dom8stic Vlol8ncé Servlces for the clty of Mllton K6yne8 also undertaklng savoral related proJ8Cts which arè funded by other organlsatlons and funding bodles. Our value8 contlnue to run 8s a 'gold8n thread, through the organisalion of.. Dignity and Respect, Empowerment. Hlgh Qualty, Cooperation and Collaboration and Diverslty. We have contlnued to 88e an Increase in demand on all our services wlth an Increase of 48% over the last 5 years. We have increased our $taff and volunteer team to meet the demand and we have $hown that we arg both fi8xlble and reslllent In provldlng our servlce to ensure that everyone approaches us rec8iv8s a sgrvl¢e. It Is also down to the dedication, passion and hard work of all who work in MKWA both as front-llne and behind the scenes so that those who use our $8rvic8 r8celvg a high quality servl¢e. It Is a privilege to continu6 to serve the city of Milton Keynes for over 45 years. Cllent and staff satisfaction levels remain hlgh and our participation In professlonal nelworks. including the MK DA Partnership Board continu8S to b8 valued. Across all our servic88 in 2023, including refuge, crisis service. fresh start (perpetrator programme), outreach, and dispersed housing, w8 havo supported 2411 people affected by Domestic Abuse. We have also trained 360 prof6s$1onals, and 53 people attended survivor support groups and progr8mmgs. Our volunteers and trustees contributed over 1500 hours to support tlM)s8 acc8ssing our services In partnershlp with our staff team of 50. Pag6 3
MILTON KEYNES WOMEN'S AID TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Flnanclal revlew The Trustees have prepared the accounts in accordance with the Statement of Recommended Pracllce (SORP) for Charities. The net income from all funds, after investment income, was £64,012 for the year. compared with net exp8ndituré of {£46,884) in 2023. A detailed review of the Twst's financial position is shown in the Statement of Flnanclal A¢tlvltles. Reserves pollcy The trustees have reviewed and established a new policy. The unrestricted funds not committed or Inv6sl8d in tangible fixed assets (the free reserves) held by the Chanty should be been three and six months of the résources expended, which equates lo £250.000 and £500,000 in general funds. At this level, the management ommlttee feels that they Wld be able to continue the current activities of the Charity in the event of a significant drop In funding.11 would provide a timo frame In which it would be necessary to consld8r how th8 fundlng would be replaced or activlties changed. Free reserves now stand at about £490,620, which18 wlthln the Trustees, policy rgnge. The Trustees expect that thls level wlll be malrrtalned In the future. Rl•k managemont The trustee's has considered the most appropriate policy for investing funds and has found that specialised bank 8ccounts meet thelr requlrements. The trustse's conslder the retum on investments to be satisfactory in th8 currént econom1¢ cllmate. The trustee's are responsible for tho management of buslness rlsks faced by the Charity and th1818 revlewed at regular inlervals. The syst8ms of Internal conlrol are d88ign8d to provlde reasonable, but not absolut8 88surance agalnst material misstatement of loss. They Include: A slrateglc plan and an annual budget approved by the Trustees. Regular consideration by the Trustees of financial results, variance from budgets. non financial performance Indicators and banchmarking reviews. D616gation of authority and segregation of duties. Identlfication and management of rlsks. Page 4
MILTON KEYNES WOMEN'S AID TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The Trustees have In place a fomial risk management process to asses5 business risks and Implement rlsk management strategies. This involves Identifwng the types of risks the Charity faces. prioritising them in tsrms of potential impact and likelihood of occurrence, and identifying means of mitigating the risks. Detalled considerations of buslness risks are delegated lo the Management Team. Business risks are Identifd. assessed and controls established throughout Ihe y8ar. A formal review of the Charity's buslness risk management process is und8rtak8n on a periodic basls. The Trustees ensure that regular Ind8pondent Health and Safety revl8ws are carried out. As the majorlty of the Charlty's funds are derlved from public bodlas, and as such are subject to Changes In local and national government pollcy. this presents the most slgnffi¢ant financial risk factor. The Truste8s have accordingly allocated contlngency funds by setting up a reserves policy and the policy is reviewed on a regular basis by the Trustees. Plans for futuro We continue to ensur8 that W8 continually review our Business and Straleglc Planning so that It contlnues to deilver our vision and values. We a150 Gonllnue lo r6vlew our services for any gaps In provlslon and s88lrrfJ how we Can Ver these in partnership with othor agencies Includlng Mllton Keynes City Council through joint pl8nnlng and funding blds. We contlnue to revlew and develop our service based on the needs and feedback of thos8 who use our service. We are still playing an aclive roie Sn the Parlnership Board focusing on DA withln MK 8nsuring that DA Is both a focu8 and priority for those involved and In other networks in the city. Inv••tm•nt poll¢y The management committ88 has considered the mo8t approprlate policy for investing funds and has found that spedallsed bank accounts meet thelr requirements. The managem8nt commltte8 conslder the r6turn on Investments to be salisfactory in the current economlc dlmate. Structur•* gov•rnance and managomonl Mllton Keynes Women's Ald (MKW Alls a company Ilmited by guarante8 and has no Sha capital, is governed by Its Memorandum and Articles of Association dated 28 Aprll 1988 and subsequent amendments, It is regSstered as a Charity wlih the Charlty Commlssion. The trustees. who are also th8 dlrectors for the purpose of company law, and who served during th8 year and up to the date of signature of the flnancial slalements are: M Balal (appointed 26 April 2023) H E Fl$her E Hynes MRKau T L Mangena K N Pamar (appointed 26 April 2023) S Payne B E Taeed {appolnted 26 April 2023) A Wincent Dr K Watters (r8signed 25 October 2023) B K Parmar lappolnted 19 June 2024) A Tutani {appointed 19 June 2024) Page 5
MILTON INEs WOMEN'S AID TRUSTEES. REPORT {CONTINUEO) FOR THE YEAR ENDED 31 MARCH 2024 Trustsgs The members of MKWA appoint Trustees recommended by members of the Trustee Board at the AGM. The Trustees contlnue to review thelr composltion and effecliven8ss. Thèrè Is a continuing need for Trustees who reflect different cultures and experiences. The Trustees are actively seeking candidates who will meet these requlrements. Th8 company Is Ilmlt8d by guarantee. and no Trustee has a beneflclal Interest in th8 capltal of the Gharltable company. Tru8to0 Inductlon and tralnlng New Trustees will undergo orfentstion equivalent to a day to brlef them on thèir legal obllgatkjns under Charlty and Company Law, the content of Ihe Memorandum 8nd Articles ol A8sociatlon, th8 committ88 and decislon making procèss, and the recent financlal performance of the Charity. During thelr vlslt they wlll be Introduced to members of staff on duty and glven details of the stafflng structure. They wlll then be invited to the next Board meeting vthere introductions are dèalt with al the beginning of the Meeting. Organlmtlon The Board of Tru8tee8 admlnlster the Charlty a3 a management ¢ommlttee and meat 10 tlmes a year as a mlnlmum. A Chief Exècutive is appointed by the Board to manage the day to day operation of the Charfty. The Trustees are unpaid volunteers. The Board has 8ppointed a finance sub commlttee to admlnlster the day to day runnlng and flnancial affalr8 of the Charity. The sub committ88 cornprlsés the Truste8S, the Chief Executive and th8 Finance Manager. The Commlttee has its decisions ratlfied by the full Board. Naw Trustees will undergo orlentatlon equlvalent to a day to brlef them on their18gal obligations under Charity and Comp8ny Law, th8 contanl of the Memorandum and Articles of Association, the committ6e and dacl$lon maklng process, and the recent flnanclal performance of the Charlty. During their visit they wlll be Introduced to members of staff on duly and givon details of the staffing structure. Thay will then be invited to the next Board meeting where Introductlons are dealt wlth at the beglnnlng of the meetlng. 3tatem•nt of Trusteos. rnsponslbllltlos Th8 Trustees (who are also the directors of the Company for the purposes of company law) ar8 r8sponsible for preparing the Trustees. report 8nd the financial statements In accordance with applicable law and United Kingdom Accounting StarKlards {Unit8d Kingdom G8n8rally Accèpt8d Accounting Practice). Company law requires the Trustees to prepare financial statements for each flnanclal year. Under company law the Trustees must not approve the financlal ststements unless they are satisfled that they glve a true and fair vlew of the stste of affairs of thè Company and of Its Incoming resources and application of resources. includlng its income and expenditure. for that period. In preparing these flnanclal statemenis, the Trustses are required to.. selecl suitable accounting pollcies and Ihen apply them conslstenlly; observe the methods and principles of the Charities SORP {FRS 102): make judgments and accounting estimates that are reasonable and prudent. state whether applicabl8 UK Accounting Standards IFRS 102} have en followed, subject to any materlal departures dlsclosed and explalned In the financlal statements: prepare the financial statements on the going concern basis unless il is inappropriate to pre8ume that thè Company will continue in business. Page 6
MILTON KEYNES WOMENE AID TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The Trustees are responslble for keeplng adequate accountlng records that are SLfflcient to show and explain the Companls transactions and disclose with reasonable accuracy at any time the financial positron of the Company and enable them to ensure that the financial statements comply wlth the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable stsp5 for the prevenllon and detection of fraud and other Irregularities. Dl$closur• of Infornmtlon to audltors Each of the P8rsons who are Trustees at the time when thls Trustees, report is approved ha8 confimied that: so far as that Trustee is aware. there is no relevant audit Information of whlch the ¢harlty'S audiiors are unaw8re, and that Trustee has tsken all the steps that ought to have been tsken as a Twstee in order to be aware of any r81evant audit Infomatlon and to establlsh that the charitys auditors are aware of that Informatson. AudFtor8 The auditor MHA is deemed to have been re appointed in accordance Voryth section 487 of tt18 Companies Act 2006. Taxatlon $latus Tho company Ss reglstered as a charlty wlth the Charlty Commlssion, and Its Income Is exempt from charg8 to corporation tax whllst It 1$ applied for charitable purposes. Approved by order of the members of the toard of Tru8te88 and slgned on their behalf b MRKaur Twstee Date: T L Mange Trustee Page 7
MILTON KEYNES WOMEN'S AID INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF MILTON KEYNES WOMEN'S AID Oplnlon We have audited the flnancial stst8monts of Mitton Keynes Wom8n's Aid (thg '¢hariiabl8 company) for the year Ènded 31 March 2024 which comprise the Stalement of flnanclal actlvltl8S, the Balance sheet, the Statement of cash fl¢)ws and the related notes, including a summary of signifant accountlng pollcies. The financial reporting from8work that has been applied in their preparation is applicable law and United Kingdom Accounting standards, includlng Flnanclal R8POrting Standard 102 'The Financial ReportiTrJ Stsndard applicable In the UK and Republic of Ireland. (Unlted Klngdom GenerallyAccepted Accounting Practicg). In our opinlon the financial statemènts: glve a true and fair view of the state of the charlt8bl8 companys affalrs as at 31 March 2024 and of Its incoming resources and application of resources, Includlng Its Sncome and expendlture for the year th6n ended; have been property prepared in accordance wlth Untted Klngdom Generally A¢cept8d Ac¢ountlng Practice: and have been prepared In accordance wlth the requirements of the Companles Act 2006. Ba818 for oplnlon We conductsd our audlt In accordance wlth International Stsndards on Audltlng (UK) (ISAS (UK)) and applicable law. Our responsibiliti68 under those standards are further described in the Audltors, responsibilitles for the audlt of Ihe financlal statements sectlon ol our r8POrt. W8 are ind8pènd8nl of th8 charitable company In 8ccordane8 with the gthlcal requlremenls that are relevant to our audlt of the flnanclal 8tatements In the Unlted Klngdom, Includlng the Flnanclal Reporting Council's Ethic41 Standard, and we have fulfllled our other ethical responslbllltles in accord8nce with these requlremenls. We belleve that the audlt evldence we have obtalned18 sufficient and approprialg to provide a basis for our opinion. Con¢lu•lon• rolallng to golng Conrn In audiling the financial statements, we have concluded that the Tru8tee3' use of the golng ¢on¢em basis of a¢¢ountlng In the pparatIon of the financlal statements is appropriate. Based on the work we have performed. we have not Identlfied any material uncertainties relating to 8v8nts or condits'ons that, individually or collectively. may cast significant doubt on the charitable CoMpanS abilty to continue as a golng ¢on¢em for a perlod of atleast twelve months from when the financlal statements are authorised for Issue. Our responslblllt18s and the respon81bilitiès of the Trustees with respect to 9olng concem are described In the relevant sections of this Port. Page 8
MILTON KEYNES WOMEN'S AID INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF MILTON KEYNES WOMEN'S AID (CONTINUED) Other Informatlon The other information Comprfses the Infomiation included in the Annual r8port other than the financial stat8m8nts and our Auditors. r8POrt thereon. The Trustees are responsible for the other Information contained within the Annual rep)rt. Our oplnlon on the flnancial statements doés not cover the oth8r infom8tion and. except to the 8Xtent othenvise explicltly stated in our report, do not 8xwess any fom of assurance conclusion thereon. Our responsibility is to read th8 Oth8r infomation and, in doing so, consider whether the other information Is mat8rSally Inconsistent with the financlal statements or our knOedge obtained In the cours8 of th8 audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misslatem8nts, we are requlred lo d8temiin8 whethèr this gives rise to a materlal misstatement in the financlal 8tst8m8nts th8mselve8. Jf. based on th8 work we have perfomed, we conclude that there is a matarlal mlsstatem8nt of thls other information, we are r8quSred lo report that fact. Wa have nothiry to report In thls regard. Oplnlon on other mattgr• plts•d by the Companl•s Act 2006 In our oplnion, based on the work undertaken In the course of the audit.. the informatSon given In Trustees, report for the financlal year for which the financlal ststements are prepared is consistent wlth thè financial statements. the Trustees, report has been prépared in accordance with applicable legal requlrement8. Matt•rn on whl¢h w• ar• requlred to report by •xcepllon In the light of our knowledge and understanding of the charitable company and Its environment obtained In the course of th8 audlt. we have not idenllfi8d materlal misstatements in th8 Trustees, retM)rt. We have nothing to report in respect of th8 following matters In relation to whith Companies Act 2006 requires us to report to you If, In our oplnion: adequate accounting records have not been kept, or retums adequate for our audit h8ve not been rec8lv6d from branches not vlslted by us,. or the financial statements are not In agreement the accounting records and returns; or certain dls¢losures of Trustees, remuneratlon specified by law are not made; or we hav8 not received all the inforniatlon and explanations we require for our audlt. or the Trustees W¢3ré not entitled to prepare the financlal ststements In accordance with the small companles reglme and také advantage of the small companles. exemptlons in preparing the TTuslees' report and from the r8quir8ment to prepare a Straleglc report. Page 9
MILTON KEYNES WOMEN'S AID INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF MILTON KEYNES WOMEN'S AID (CONTINUED) Responslbllltles of truste0$ As expl8in8d more fvlly In the Truste8s' r8sponslbllltl8S Stat8m&nt, the Trustees (who are also the directors of the charitablè company for th8 purposes of company law) are r8sponsibl8 for the preparation of the financial statsments and for being satisfied that they give a true and fair view, and for such intemal control as the Trustees detemiine is necessary to enable the preparation of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the financial ststements. the Trustees are responsible for assessing the ¢haritsble ¢omp8nYs ability io contSnue as a going concem. disclosing. as applicable, matters related to golng concem and uslng the golng concom basis of accountlng unless the Twstees elther Intond to liquid8to the charitsble company or to cease operatlons, or have no realistic alternative but to do so. Audltors. rnsponslbllltlos for the audlt of the flnanclal statemonts Our objedlves are to obt8ln reasonable 8ssurance atout ether the flnancial statements as a whole are free from material mlsstatement, whether due to fraud or error, and lo issue an Auditors, report thal includes our opinion. Re8sonable assurance Is a high level of assurance, but Is not a guarantee that an audit conducted in accordance with ISAS (UK} will always detect a material misststement when it exlsls. Misstatéménts can aris8 from fraud or error and are considered material if, individually or in the aggregate, they could re880nably be expected to Influence the economic declslons of users laken on the basis of thèse financial 8tat8ments. Irregularltles, Including fraud, are instances of non-compliance wilh lavts and regulatlons. We deslgn procedures in line with our responsibllltles, outlined above, to detect materlal mlsstatements In respect of Irregularitles, including fraud. The extent to thlch our procedures 8r8 capable of d8tecllng Irregularlties, induding fraud is detailed belw. Discussiork8 held wlth with management and tht)se charged with govemance around any legal claim. ' Audit work p8rformed ovar key rlsks areas8 kl8ntlfl8d such as management OV8rride and revlewlng accountlng estlmates for blas. ' Review of finacial statement d18dosures to ensure accountlrvJ polcies have been correctly followed. A further d8scrlptlon of our responslbllltles for the audlt of the flnanclal statements Is located on the Financial Reporting Council's webslte at: www.frc.or kl ditors This déscriptlon forms part of our Auditors, report. Page 10
MILTON KEYNES WOMEN'S AID INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF MILTON KEYNES WOMEN'S AID (CONTINUED) Use of our report This r8POrt is madé solely to the charltable companys members, as a body, In accordance with Chapter 3 of Part 16 of the Companles Act 2006. Our audil work has been undertak8n so that might state lo th8 charltable companls memb8rs those matters we are required to state to them in an Audltors, report and for no other purpose. To the fullest extent miitted by law. w8 do not accept or assume résponsibilty to anyone 0th8r than the charitsble company and Its members. as a body, for our audit work, for this rèport, or for the opinions we have formed. Ellzaboth N•wèll BA (Hons) FCA {8onlor statutory audltor) for and on b8h8lf of MHA Chartered Accountanls Statutory Auditor8 Milton Keyngs MHA is the tradlng name of Maclntyre Hudson LLP, 8 Ilmlted Ilabllity partnership In England and Wales {regist8red number OC312313). MHA are eligible to act as audltors In terms of $8Ctlon 1212 of the Companle8 Act 2006. Page 11
MILTON KEYNES WOMEN'S AID STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDrruRE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unre$trl¢ted funds 2024 Restricted funds 2024 T•)tal funds 2024 Total funds 2023 Not• Income from: Donations and Governmént Grants Charitable activities Investmènts 1,037,364 418,257 6.142 138.192 1.175,556 418,257 6.142 952,974 421,711 2,097 Total Incomo 1,461,763 138,192 1,599,955 1,376, 782 Exp•ndltur• on: Raising funds Char5tsble actlvities 26,286 1,429.001 26,286 1.509,657 49,Q62 1,374,604 80,es8 Total resources expand 1,455,287 80,656 1,535,943 1,423,666 Not Incomo1(•xp•ndltur• Transfers belween funds 6,476 220 57,536 (2201 64,012 (46,884) 16 Net movomont In funds 6.696 57,316 64.012 (46.884) Re¢on¢lllatlon of funds: Total funds brought foThvard Net movement In funds 483,924 6.696 110,128 57,316 594,052 64,012 640,936 (46,884) Total funds carrlgd forward 490,620 167A44 658,064 594.052 The Statement of flnanclal actlvltleg indudes all gain$ and losses recognls8d In the year. All Income and expenditu doriv• from conllnulng actlvities. The notes on pages 16 to 31 form part of these financial statements. Page 12
MILTON KEYNES WOMEN'S AID REGISTERED NUMBER: 02249151 BALANCE SHEEr AS AT 31 MARCH 2024 2024 2023 Flxed assats Tangible assets 12 13.183 13.080 13,183 13,080 Current ass•t8 Debtors Cash at bank and In harKI 13 211,251 600,729 123,220 596,882 811.980 720, 102 Credltors: amounts falling du8 wlthln one 14 (167.099) (139.130) Not curr•nt as$•ts 644.881 580,972 Total a••ots loss currènt Ilablllll•• 658,064 594,052 Net a88Ot8 •x¢ludlng nsIOn asset 658,064 594,052 Totsl not 8•1• 658,064 594.052 Charlty fund8 R8strlct8d fund8: Restrlcted funds oxcluding penslon liabillty I asset 16 124487 42,957 110,128 P8nsion reseNe 16 Total restrlcted fund8 Unrestrlded funds 16 16 187,444 490,620 110.128 483.924 Total funds 658,064 594,052 Page 13
MILTON KEYNES WOMEN'S AID REGISTERED NUMBER: 02249151 BALANCE SHEEf (CONTINUED) AS AT 31 MARCH 2024 The Trustees acknowledge th8lr résponslblllties for complying with the requirements of thè Act with respect to accounting records and preparatSon of financial statements. The financial statemènts have been prepared In accordance with the provisions appllcabla to entlties subject to the small companies regime. financial stst8m8nts were approved and authorised for issue by the Twstses and signed on their behalf by: T L Mangona Trustee Tru8t88 Date: The notes on pages 16 to 31 form part of these flnanclal statements. Page 14
MILTON KEYNES WOMEN'S AID STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Cash flows from owratlng aetlvitias Net cash used In operating adivities {see note 20) 3,774 (9.906) Cash flo from Investlng actlvltles DividerKls. interests and rents from Investrnents Purchase of tanglble fixed ass8ts 6,142 {6,lJ69) 2,097 (4,827) N•t Cash provldod byl(used In) Inv•8tlng acthilti (2,730) Cash flows from financlng a¢tlvltlo8 Net cash provlded by flnanclng a¢tlvltle8 Chang• In ¢ash and cash oqulvalents In th• y•ar Cash and cash equlvalents 8t the beglnnlng of the yèar 3,847 (12,6361 609,518 596,882 Cash and cash equlvalerrt8 at tha end of th• y•ar 600,729 596,882 The notas on pages 16 to 31 form part of these financial 8t8t8m8nts Page 15
MILTON KEYNES WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Charity inforniation Milton Keyne8 Women's Aid Is a prlvat8 company Ilmlted by guarantee Incorporated in England and Wales. The r8glstered office is Moorgat8 House, Silbury Boulevard. Milton Keynes. MK9 1 LZ. Accountlng pollcles 2.1 Accountlng Conv•ntlon The financial statements have been prepared in accordance wlth the Companles Act 2006 and 'Accounting and Reporting by Charities: Slatement of Recommended Practice applicable to charltles preparing thelr accounts in accordance wlth the Flnanclal Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)° (effective 1 January 2019). The charity 18 a Publlc Benefit Entlty as doflned by FRS 102. The financial statements are prepared In st8rtlng, thich Is th8 functSonal currency of the charty. Mon8tary amounts in these financial statements are rounded to the nearest £. The flnancial statements have been prepared under the hlstorlcal cost convention. modified to Include the revaluation of freehold propertlgs and to Include investment prop8rti83 and ¢ertaln financial Instruments at falr value. The prlnclpal a¢¢ountlng policies adopted are set out below. 2.2 In¢omlno rn$ou Income is recognis8d when the charlty is legally entitled to it after any performance condltlons have been me( the amounts can be measured reliably, and it18 probable that Incom8 wlll be received. Cash donatSons or grants are recognised on receipt. Other donatlons are recognlsed once the charity has been nollfied of the donation, unl8SS P8rformance conditions require deferral of the amount. Income tsx recoverable in relation to donatlons recelved under Gift Aid or deeds of covenant is recognised at the time of the donation. Tumover is m8asured al the falr valu8 of the consideration recelved or recelvabl8 and repr8s8nts amounts recelvable for goods and servl¢es provlded In the normal course of bu8in68s, net of dlscounts. VAT and other sales related taxes Page 16
MILTON KEYNES WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Aceountlng pollcl•s (contlnu•d} 2.3 Rosourca8 Oxponded Expenditure is recognised on an accruals basis as a liabillty is incurred. Expenditure includes any VAT which cannot be fulty recovered. and is classrfied under heading8 of the statement of financlal 8Ctlvities to which It relales: • eXP8nditur8 on raising funds includes the costs of all fundraising actlvitles, évents, nonacharltable trading activiti8s, and th8 sal8 of donated goods. • expendlture on charttable actlvltles Includes all costs Incurred by a charity In undertaklng actfvlties that furth8r Its charitable aims for the b8n8fit of tts b8n8ficiarl8s, Including those SUPPOrt costs and costs relating to th8 govemance of the charity apportioned to charitable activities. other expendlture Includes all expendllure that 18 neither related to raislng funds for the charlty nor part of its expenditure on charitable activities. All costs are allocated to gXP9ndlture categori88 r8fi8cting the usè of the resource. Diwt costs attrlbutable to a slngle actlvlty are allocated dlrectly to that actlvlty. Shared costs are apportlon6d between the actlvltles they contrlbute to on a reasonable, jusllfiable and consistent basls. Expendlture on charltabl8 aCtItIeS Is Incurred on dlrectly undertaklng the actlvliles whlch further the Companls objeclives, as well 88 any 888ociated support cosi8. 2.4 Golng concern At the time of approving the fin8n¢ial statements, Ihe tN$tee$ have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees conllnue to adopt the golng ¢oncem besls of accountlng In preparlrvJ the fln8nclal ststemènts. 2.5 Tanglble flxed as801s and deproclatlon Tangible fixed a688ts costing £200 or more are capltallsed and recognlsed vthen future economlc benefits ara probable and tha c05t or value of the asset can be measured reliably. T8ngibl8 fixéd 88sèts Br8 initi81ty measured at ¢08t and sub8equenlly measured at cost or valuation, net of d8pr8clatlon and any Impalmient losses. Page 17
MILTON KEYNES WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policios (continued) 2.5 Tanglblo Ilxed assots •nd doprgclallon (contlnued) Depreciation is charged so as to allo¢ate the cost of tangible red assets less thelr re8idual valuè over their estlmated useful lives. Depr8ciation is provided on the following basis: Motor vehides Computer l Offico 8quipm8nt Computer l Offlce equlpment 25% reducing balance 15Qh reducing balance 33% straight line House furnlshlngs are writt8n off on purchas8. Office furniture and fittlngs are capltallsed for individual item8 Costing more than £200 indudlng any In¢ldental costs of acquisition. Th6 gain or Ioss arising on the disposal of an 888et18 d8t8nnin8d as the drfference b8thèn the sale proc88ds and the carrying value of asset, and Is recognlsed In net Incomel{exp8ndlture) lor the year. Assets purchased under finance leases are depreciated over the Ilfe of the18ase. 2.6 Impalmi•nt of flxod assets At 8a¢h reportlng end date. the charlty reviews the carying amounts of Its tangible as80ts to determine whether there18 any Indlcatlon that those assets have Suffered an impairrnenl Ioss. If any such Indlcatlon 8XiSts, the rècoverable amount of the asset Is estimated in order to determlne the extent of the impalrment loss (If any). 2.7 Dobtor8 Trade and other dobtors are rocognisod at tho settlement amount 8ft8r any tr8d8 dlscount offered. Pr8P8yment$ are valued at the amount prepald net of any trade dl8counts due. 2.8 Cash at bank and In hand Cash and cash equivalents include cash In hand, depostts held at call with banks, other short-temi liquid investsnents with original maturities of three rnonths or less, and bank overdrafts. Bank overdrafts are shown wlthln b¢)rrowlngs In current liabilities. 2.9 Llabllltles and provlslons Liabilities ere recognised when there Is 8n obligation at th8 Balance sheat date as 8 result of a past event, it Is probable that a transfer of eccfflomic benefit wlll be requlred In settlement, and the amount of th& settlement can be estlmated rellably. Llabllltles are recognlsed at th8 amount that the Company anticlpates It will pay to settle the debt or the amount it has recelved as advanced payThents for the go¢)ds or services it must provide. Provlsions are measured at the best estimate of the amounts requlred to Settle the obllgatlon. Where the effect of the tlme value of money is material, the provision is based on the present value of those amounts. discounted at the pre-tax discount rate that refleds the risks Spectr io th& liability. The unwinding of the discount is recognised in th8 Statement of financial activities as a finance cost. Page 18
MILTON KEYNES WOMENE AID NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles (continued} 2.10 Flnanclal Instruments The tharlty has elected to apply the provisions of Section 11 'Basic Financlal Instruments, and Soctlon 12 '0ther Financial Instruments Issues, of FRS 102 to all ol ils financial Instruments. Financial instruments are recc3nised in the charltys balance Sheet when the charity becomes paty to the contractual provlslons of the instrument. Flnanclal a88ets and liabilities are offset. with the net amounts presented in th6 financial stat8m8nts, when there Is a18gally enforceable right to set off the recognised amounts and there is an int8ntlon to settle on a net basis or to r8allse the asset and settle th8 Ilability simLsltaneously. Baslc flnancial asset$ 8asl¢ financlal assets, which include debtors and cash and bank balances, are Initlally measured at transaction price including transactlon costs and arè subsequently carried at amortised cost using the 8ffectiV8 interest method unless the arrangement constltutes a financing transaction, where the transactlon Is mga8ured at the present value of the future receipts dFscounted at a market rate of interest. Financlal assets classffled as rgGelvable wlthln one year are not amortised. Baslc financlal118bllltl•• Baslc financial liabilltles. Including credltors and bank loans are initially recognised at transaction price unless the arrangement ¢onstitute8 a financing transaction, where the debt instrument is m6asured at the present value of the future payments dlscounted at a market rate of interest. Financial118bllltles cla881fled as payable wtthln on8 year are not 8mortlsed. Debt Instruments are Subsequently c8rrSed at amortlsed cost, uslng the effectlve Int8r8St rate method. Trade credllors are obllgations to pay for goods or servlces that have been acquired in the ordlnary course of operations from 8uppllers. Amounts payable are classified as current liabllltles if payment Is duo within one year or lass. If not, they arè presented as rK)n-curreni liabllltles. Trade cr8ditors are recognised Inltl8lly at transacllon prlce and 8ub8equently measured at amortl$ed cost using the effective interest methcJ. D•r•cognltlon of flnanclal Ilabllltles FSnanclal Ilabllttles are derecognised when the chariws contraclual obllgatlons expire or are discharged or cance119d. 2.11 Charllablo funds Unr88trict8d funds are available for use at the dlscr8tlon of the trustees in furtherancè of their Charitable objectlves unless the funds have been designated for other purposes. Réstricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restrlcted funds are set out in the notes to the financial statements. Investrnent Incom8, gains and losses are allocated to th8 appropriate fund. Paga 19
MILTON KEYNES WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policles {continuod) 2.12 Lea80 agroemonts Rentsls applicable to operating lèases are charged to the SOFA over the period in which the cost Is Incurred. Assets purchased under finance lease are capitalised 8$ fixed assets. Qbligalions under such agreements are included In creditors. The difference belweèn the capitallsed cost and the total obligation und8r the lease represents the finance charges. Finance charges are wrltten-off to the SOFA over the perlod of the lease so as to produce a constant periodic rate of charge. 2.13 Employee benellts The cost of any unused holiday entitlement Is recognlsed In the perlod in vthich the employee's services are recelved. Termlnatlon beneflts are recognised immediatèly as an expense vthen the charlty 1$ demonstrably commlttad to t8minato the empk)yTnent of an employee or to provlde terminatlon beneflt8. 2.14 Retlremont benoflts Payments to deflned contrlbutlon retlrement benefit schemes are charged as an expense as they fall due. 2.15 Limlt•d by guarantoe The Charity Is a ¢omp8ny limited by guarantee. The members of the company are the trustees and any women over the ag8 of 18, who support th8 obl8cts of the charlty and is appointed by the management commlttee. In the event of the charlty belng wound up, the Ilablllty In respect of the guarantee is limited to £1 per member of the ¢hartty. Crltlcal accountlng 98tlmatss and Judgem•nts In the application of the Charitys accountlng pollcles, the trustees are required to make judgements. estlmates and assumptions about the carrying amount of assets arKI Ilabilitles that are not readlly apparent from other sources. The 8stimates and associated assumptions ar8 based on historical oxperlenc8 and oth8r factors that are considered to be relevant. Actual results may dlffer from these estlmate8. The estlmates and UnderIng assumptions 8r8 reviewed on an ongolng basis. Revislons to accounllng estimates are recognlsed in the period In whlch the estimate 1$ revlsed where the revSslon affects only that perlod, or In the period of the revlsion and future periods where the revlslon affects trrt>th current and future Periods. Pag8 20
MILTON KEYNES WOMEN'S AID NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2024 Donatlons and Government Grants Restrlcted funds- projoct 2024 Unrestrlctod funds 2024 Totsl lund8 2024 Donatlons and gifts (>)vernm8nt grants 441.614 595.750 138.192 579,806 595,750 1,037,364 138,192 1,175,556 R8Strfc18d funds - projecl 2023 Unrestricted funds 2023 Total fund8 2023 Donations and glfts Government grants 243,966 598,833 110,175 354,141 598,833 842, 799 110,175 952,974 Income from charltable actfvltl88 Unre•trl¢tgd lund8 2024 Total funds 2024 Income from chariiable activities other Income 417.592 417,592 Total 2024 418.2S7 418,257 UnrestrlGted funds 2023 Total funds 2023 Income from charitable activiti8S 421.111 421,711 Page 21
MILTON KEYNES WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Investment income Unrestrlcted funds 2024 Total funds 2024 Bank Interest 6,142 6,142 Unrestricted funds 2023 Tolal funds 2023 Bank interest 2.097 2,097 Exp•ndttur8 on ralslng funds Fundralslng tradlng expons68 Unrostrfctod funds 2024 Total funds 2024 Allocated centrally Incurred fundraising and governance costs 26,286 26,286 Unr8Stnc18d funds 2023 Tolal funds 2023 Jlocated centrally incurred fundraislng and govemance costs 49,062 49,062 Page 22
MILTON KEYNES WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysis L>f expendfturo by a¢tlvlties Activitios undertaken dlrectly 2024 Support costs 2024 Total funds 2024 Direct costs Charitable Adivities Depreciation 821,873 676,696 2,188 821.873 685,596 2,188 8,900 1,500.757 8.900 1,509.657 Activities undertaken dlrectly 2023 Support costs 2023 Total funds 2023 Direct ¢08ts Charit8ble activitie Depreciallon 750.395 607,608 8,101 750,395 616.108 8, 101 8.500 1,366,104 8,500 1,374,604 Page 23
MILTON KEYNES WOMENE AID NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Anatysis of oxpendlturn by actlvltles (continuod) Analysls of dlrè¢l costs Total funds 2024 Tot81 funds 2023 Staff costs Depreclatlon Tralnlng projects Rent and rates Housing association f888 Light & heal Repalrs and maintenance Insurance Other estsblishment costs Motor vehlcle exp8nses Other travel costs Legal 8nd professlonal fees Telephon8 Other costs Bank charges Admini8tration fees Bad debts 920,650 5.966 26,279 30,704 232,354 11,666 25,042 11.045 90,583 1,989 10,348 14,892 27,243 43,477 1,723 44,882 1,914 831,254 10,350 27,432 31,179 200,952 9,864 33,360 11,753 78,340 2, 693 8,867 36,498 21,042 28,055 1,422 31,796 1,249 1,500,757 1,366,104 Page 24
MILTON KEYNES WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysls of expendlture by aGUvltles Icontlnued) Ana1$ of support costs Total funds 2024 Total funds 2023 Audit F888 8,900 8,500 Audttorn, remun•ratlon The audltors, remuneration amounts to an auditor fee of £8,900 {2023- £8,500). 10. Staff ¢08ts 2024 2023 Wages and salari8s Social security costs Contributlon to defined contrlbutlon penslon schemes 834.457 70.238 16,955 800.679 49,421 14.644 920.650 864.744 The average number of persons employed by Ihe Company durlng the year was as follows: 2024 2023 Average employees 40 No employee received remuneratlon amountlng to more than £60.000 In either year. Tha Management Committee dld rKJt reCee any r8mun8ration. No expenses were paid to any Management Commlttee members during the year. Key management personnel salarfes were £84.924 durlng the year (2023: £85,304). 11. Tru$lg08' r•mun•ration and expenses Durlng the year. no Trustees rec8lv8d any r8muneration or other benefts {2023- £NIL). During the year ended 31 March 2024, 8xpenses totalling £NIL were reimbursed or paid dlrectly to Trustee (2023- £NIL). Page 25
MILTON KEYNES WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12. Tangibl? fixed assets Computer I offico equlpment Motor v•hlcle$ Total Cost or valuatlon At 1 Apr 2023 Additions Disposals 20,751 69.826 6.069 (22,636) 90,577 6,069 (22,636) At 31 March 2024 20.751 53.259 74,010 Dapr•elatlgn At 1 Aprll 2023 Charge for the year On dlsposals 11,996 2,188 65,501 3,778 (22,6301 77,497 5.966 (22.636) At 31 March 2024 14.184 46,643 60.827 Nat bogk valu• At 31 March 2024 6,567 6,616 13,183 At 31 March 2023 8,755 4,325 13.080 13. Debtors 2024 2023 Du• wlthln on• yoar Trade debtors Other debtors Prepayments and accrued incom8 167.374 28,588 15,289 94,254 23.208 5,758 211,251 123,220 Page 26
MILTON KEYNES WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14. Credttors: Amoun18 talling duo withln ona year 2024 2023 Trade creditors Other tsxath)n and social s8cJJrity Other credltors Accruals and deferred income 104,024 16,955 20,718 25.402 91,981 16,869 8,121 22.159 167,099 139.130 15. Flnanclal Instrument8 2024 2023 Flnanclal a8S0ts Debt instruments measured at amortlsed Cost 600.729 596,882 Page 27
MILTON KEYNES WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 16. Statemenl of funds Statemont of funds - curr•nt ar Balanc• at 31 Mareh 2024 Balanc• at 1 Aprll 2023 Transfers Inlout Income Exp•ndlture Unrostrlctod funds General Fun(ts - all funds 483,924 1N61,763 11,455,287) 220 490.620 R•strlctsd fund8 Restricted Fund Vehiclos Th8 Open Toy Box & West Bletchley Complex Needs Older Person's IDVA Glob81 Giving Media MKC Transfomation Project Manager 8,753 (2,188) 6,585 23,494 69.636 8.245 {5,510) (30,504) {38,774) 13,680 17,984 62,146 22,104 15,688 23.014 52,863 19,368 (220) 42,957 42,957 110.128 138.192 (80,656) (220) 167,444 Total of fund 594052 1,599,955 (1,535.943) 658,064 Page 28
MILTON KEYNES WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 16. Restrlcted funds ec Funds - Restricted funds Rostrfcted Fund Vohlcles £8.753 was brought forward. and £2.188 was spent during the year. The Open Toy Box & Wegt Bletchley, Play Therapy and Chlldren In Need £23.494 was brought forward from Blètchlèy camival Euroclear. The fund is being used to support Chlldren In therapy and play therapy as funded by Chlldren In Need. £5,510 spent during the year. Oldér P•rsons IDVA £8,245 vms brought fonvard. £52,853 was racelved, £38,994 was spent durlng the year. Compl•x No•d$ £69,636 was brought forlvard. £23,014 was recelvad. £30,504 was spent durlng the y8ar. Global Glvlng Modla £NIL was brought forward. £19.368 was recelved, £3,680 was spent during the year. MKC Tran•formatlon Projoct Manag•r £NIL was brought forward. £42,957 was received, £NIL bV8S spent during the year. 17. Summ)ry of funds Summary of lund• • Gurrent year Balance at 31 March 2024 Balan¢• at 1 Aprll 2023 Transfers Inlout In¢offl• Exp•ndliur• General funds Restricled funds 483,924 110.128 1,461,763 11,455,287) 138,192 (80,656) 220 {220 490,620 167.444 $94,052 1,599,955 (1,535,943) 658,064 Page 29
MILTON KEYNES WOMEN'S AID NOTES TO THE FINANCIAL STATEMEMrs FOR THE YEAR ENDED 31 MARCH 2024 18. Analysls of net assets between funds Analysls of net assets b•twean funds - currnnt poriod Restrlctod funds - project 2024 Unre¥lrlctod funds 2024 Total lund¥ 2024 Tangible fixed assets Current assets Credltors du8 wlthln one year 13.183 644.536 (167,099) 13,183 811,980 (167,099) 187,444 Total 490,620 187,444 6S8,064 19. Reconclllatlon of net movament In funds to n•t cash flow from op•ratlng aetlvlllos 2024 2023 Net incomelexpendliure for the period (as per Statement of Financial Activitles) 14,012 (46,884) AdJu8tmonts for. Depreciation charges Dividend8, Interests and rents from investments Decreag81{Increasel In debtors Increasel{decrease) in creditors 5,966 16,142) (84,096) 24,034 10,350 (2,097) 16,291 12,434 Net cash provlded byl(us•d In) operatlng actlvltles 3,774 (9,906) Analy$ls of Cash and cash •qulvalents 2024 2023 Cash In hand 600,729 596.882 Total cash and Cash oqulval•nts 61)0.729 596.882 Page 30
MILTON KEYNES WOMEN'S AID NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 21. Analysis of changes In not debt At 1 Aprll 2023 Cash Ilows At 31 March 2024 Cash 8t bank and in hand 596,882 3,847 600,729 596,882 3,847 600,729 Operatlng leaw commltments At 31 March 2024 the Company had commitments to make future minlmum lease payments under no ¢ancellable operating leasès as follows: 2024 2023 Not later th8n 1 year Later than 1 year and not latar than 5 years 40,500 87,750 40,500 128,250 128,250 168, 750 23. M•mb•rs' Ilablllty Each member of the charitsble company undertakes to contribute to the assets of the company in the event of it being wound up whlle helshe is a member. or wilhln one year after helshe ceases lo be member, such amount as may te required, not exceedlng £1 for th8 debts and liabilities contracted before helshe ceases to be a member. Page 31
MHA Moorgate House 201 Silbury Boulevard Milton Keynes MK9 1LZ To Vlhom it may concern CONFIRMATION OF REPRESENTATIONS This representstion letter Is provided in connection with your audit of the financial statements of Milton Keynes Women's Aid for the year ended 31 March 2024. We note that your audit was perfornied for th8 purpose of expressing an opinion as to whether the financial ststements ghfe a true and fair view of the financlal position of Milton Keynes Women's Ald as at 31 March 2024 and ot the results of its operations for the year th8n ended In accordance with the United KSngdom Accounting Standards {UK Generally Accepted Accountlng Practice) (UK GAAP), including the Stat8ment of Recommended Practlce, 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to tharities preparing their accounts in accordance with the financial Reporting Standard appllcable In the UK and Republlc of Ireland (FRS102>, i88ued by the jolnt SORP maklng body, financial reporting framewtyk We confirm to the best of our knowledge and belief that the followlng repre8entstions are made on the bas18 of havlng made appropriate enqulrle8 of other trustee5 and officials of the charity with relevant knowledg8 and experlence and, where appropriate, of Inspection of supporting documentatlon 8ufficient to satisfy ourselves that the following representatlons can be properly given to you In connection with your audit of the charity's flnancial statements: General We have fulfilled our responsibllltles as trustees, as set out In the terms of your engagement l•tt•r dated 8 June 2023 under the CompanFes Act 2006 for preparing financial Ststements whrch give a true and fair vlew In accordance with appllcable law and UK GA4P and for making accurate representations lo you. The financial statements are free of material misstatements, including omlssions. We confinn that we have held prior discussion with you to ensure that there is complete agreement on the meaning of all confjrmatlons that we are making to you. I the accounting records have been made available to you for the purpose of your audlt and all the transactions undertaken by the charity have been properly reflected and recorded In the accounting records. We have provided you wlth: Access to all informatlon of which we are aware that Is r8levant to the preparation of the financial statements such as records, documentstion and other matters, including minutes of all trustees,, members. and management meetings,. Additional infomiation that you have requested from us for the purposè of your audrt: and Unrestrlcted acce5S to persons within the charity from whom you detemiined It necessary to obtain audit evidence.
We have not withheld any infomiation. the knowledge of which could cau88 YOU to tsk8 a materially dlfferent vlew in your report. We note that the requlrements of the Financial Reporting Councll's Ethlcal Standard apply to thls engagement. We acknowledge receipt of your letter dated 23 May 2024 addressing ethical threats and any required safeguards to ensure your independence and objectivity. There have been no subsequent changes and v18 are not aware of any further matt8rs which may impact auditor Independence and objectivity. Internal control and fraud Ilve acknowledge our responslblllty for the deslgn, Implementatlon and malntenance of Internal control systems to prevent and detect fraud and error. We have disc105ed to you the results of our assessrnent of the rlsk that the tlnanclal statements may be materlalty mlsstated as a result of fraud. Vve are not aware of any actual, suspected or alleged Instances of fraud or irregularities affecting the charity involvlng management, employees vh)0 have a significant role in internal control. volunteers or anyone else where the fraud or Irregularltles could have a materlal effect on the financial statements. We Confirm we have disclosed to you all information in relation to allegations of fraud or suspected fraud affecting the charity's financial statements communicated by current or fomer employees, analysts. regulators or other8. Audft adJu•tmonts We have made adJu8tments, a8 requested by you, for all mlsstatements identified by your audit. Golng concern We believe that the charity's financial statements Should be prepared on a going concem basis on the grounds that current and future sources of funding or support will be adequate for the charity's need8. We al80 confimi our plans for future action(s) required to enable the charty to Continue as a going concem are feasible. We have considered a period of bwelve months from the date of approval of the financial statements. Vve believe that no further disclosures relating to the charty's ablllty to contlnue as a going concern need to be made in the financial statements. We ar8 not aware of any materlal uncertaintie8 or doubts about the ability of the charity to continue as a 'going concern, for tho lore8eeable future. Law and regulatlon• We are not aware of any events whlch Involve posslble non•compllanGe with statute. regulations, contracts, agreements or the company's Memorandum and Article8 of Association l the charity's constitution lch might prejudice the Ghanty's going concern status or that might result in the char5 suffering significant penalties or other Ios8. Assets and liabllities The charity has satisfactory title to all assets and there are no liens or encumbrances on the charty's assets, except for those that are disclosed in the notes to the financial statements. We have recorded or disclosed, a8 appropriate, all liabilitie8, both actual and contingent and have disclosed in the notes to the financial statements all guarantees that we have glven to third partles. 10. Vve have no plans or Intentlons that may materially alter the carrylng value, and where relevant, the falr valu8 mea8ur8m8nts or classfflcatlon of ass8ts and Ilabllltl88 reflected In the financial statements. 11. Accountlng estlmat68 The method5, data and significant assumptions used by us in making accounting estimates. and their related disclosures, are appropriate to achieve recognition, measurement and disclosure that is reasonable in the context of the UK GAAP financial reporting framework, including the Statement of Recommended Practice: Charities SORP (FRS102) (second edition - October 2019), issued by the joint SORP making bDdy.
- Loans and arrangem•nts with offi¢er8 The charity has not granted any advances or credit facilities to, or made guarantees on behalf of, directors or trustees other than those disclosed in the financial statements.
- Legal clalms All claims in connection with litigation that have been. or are expected to be, received have been properly accrued for and disclosed in the financial statements.
- Ultlmate controlling party There is no ultlmate controlling party.
- Transacllon8 wlth related partles Related party relationships and transactions have been appropriately accounted for and dlsclosed in the financial statements. We have disclosed to you all relevant infomation concernlng such relationships and transactions and are not aware of any other matters which require dlsck)sure In order to comply with the requlrements of the Companies Act 2006, Charities Act 2011 or accounting standard8.
- Sub80qu•nt Evonts All events subsequent to the date of the financlal sLqtements which qUIre adlustment or dis¢l08ure have been properly accounted for and disclosed in the financial statements.
- Grants and donatlon8 All grants, donations and other Income, the receSpl of whlch Is subject to specific terms or conditions, have been notified to you. There have been no breaches of tem)s or conditions during the period in the application of such income.
- El•ctronlc publlcatlon of account• We do not intend to distribute or publish the financlal statements in electronic form Yours fai Signed on behalf of the trustees Date of approval of accounts by Board: . . l Gl