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← Milton Keynes Womens Aid

2025-03-31-accounts

Registered number: 02249151 Charity number: 1011284

MILTON KEYNES WOMEN'S AID

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

MILTON KEYNES WOMEN'S AID

CONTENTS

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Page
Legal and administrative information 1
Trustees’ report 2-7
Independent auditors’ report on the financial statements 8-11
Statement of financial activities 12
Balance sheet 13-14
Statement of cash flows 15
Notes to the financial statements 16 - 32
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MILTON KEYNES WOMEN'S AID

LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2025

Trustees M Balal
H E Fisher
E Hynes (resigned 16 October2024)
M R Kaur
T L Mangena
K N Parmar
S Payne
BE Taeed
AVincent (resigned 3 July2024)
B K Parmar (appointed 19 June 2024)
A Tutani (appointed 19 June 2024)
VM Gidman (appointed 23 July2025)
S Khanijow (appointed 23 July2025)
C E Prysbet (appointed 23 July2025)
DK Lider (appointed 23 July2025)
Company registered
number 02249151
Charity registered
number 1011284
Registered office The Pinnacle Building A
150-170 Midsummer Boulevard
Milton Keynes
Buckinghamshire
United Kingdom
MKS 1FD
Company secretary T L Mangena
Independent auditors =MHA
Chartered Accountants
StatutoryAuditors
The Pinnacle
150 Midsummer Boulevard
Milton Keynes
Buckinghamshire

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MILTON KEYNES WOMEN'S AID

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025

The Trustees present their report and financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the Companies Act 2006 and “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 2022). The charity is a Public Benefit Entity as defined by FRS 102.

Objectives and activities

Milton Keynes Women's Aid is a member of the Women's Aid Federation for England (WAFE). MKWA is also a company limited by guarantee and as such operates under the name MK-ACT Domestic Violence Intervention Services. We have been providing safe emergency accommodation in Milton Keynes for women and their children escaping Domestic Abuse (DA) for nearly 50 years. Milton Keynes City Council has supported our activities as they have developed and we have worked closely with the Council and with Bedford Pilgrim Housing Association to develop purpose-built refuge accommodation.

Since 2008 we have been commissioned to provide a range of DA services under contract to Milton Keynes City Council under the branding of MK-ACT, bringing us together as one organisation. We won the contract again in 2020, the term of this contract is for a minimum of 5 years, in 2025 this contract was extended for a further 2 years. Our services currently comprise places of refuge for women and children who have experienced or are at risk of DA, a Crisis Service with helplines for victims and professionals, a perpetrator programme with partner support, an outreach service, development programmes and training, counselling and a volunteer programme.

We work collaboratively with local and regional agencies and other relevant organisations to achieve our aims and strategic objectives. Mission Statement MK-ACT is an independent charitable organisation that works to protect adults and children from domestic (and sexual) violence and abuse by providing a range of high quality support services, including places of refuge for women and children who have experienced or are at risk of DA, and working to empower and encourage survivors to rebuild their lives, free from violence and abuse. Our primary purpose is to address violence against women and girls through our activities and services. In acknowledgement of the gendered nature of DA, our focus is on women and child survivors of DA.

Our Values

« Diversity - We value the diverse contributions of all our staff, volunteers and stakeholders towards the achievement of our aims.

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TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

MK-Act has a commitment to ensuring that our services are of a high quality and have a proactive approach to monitoring the quality of the delivery of our services. We are one of very few Specialist Services within the UK that holds all four main accreditations in the field of DA

WAFE National Standards > Safe Lives Leading Lights Accreditation > RESPECT full accreditation of Fresh Start > Cyber Essentials

The Charity achieves its objectives by running a number of refuges to house women and their families, a Crisis Service, Perpetrator Programme, Volunteer Service and Outreach Support. The Charity is contracted by the local Council to provide a Domestic Violence Service for Milton Keynes.

Public Benefit

The Trustees have considered the public benefit guidance published by the Charity Commission and are satisfied that the Charity's facilities are made available to all appropriate members of the public. Where the tenants are unable to meet their rental payments directly, council funding is available to ensure that all members of the public can be provided with accommodation without reference to their financial position. The Charity's helpline is available during office hours and our accommodation provision has the facility in emergency situations an on-call function. The trustees, staff and volunteers of the Charity are continuing to raise awareness of the Charity’s services in order to raise awareness of the services provided.

Achievements and performance

This year has once again demonstrated the resilience of MK-Act and the unwavering commitment of our team, who continue to go above and beyond to support those experiencing Domestic Abuse (DA).

As we mark 50 years of service to the community of Milton Keynes, we are proud of the role MK-Act has played since 1975 in providing safety, support, and hope for those affected by domestic abuse. Our mission remains clear: to ensure that every individual who experiences DA has access to the support they need to live free from fear.

In the past year, with the support of our partners and the wider community, we have been able to assist nearly 1,800 women and children. This has only been possible because of the dedication of our staff team and volunteers, who deliver services that not only provide immediate safety but also focus on long-term empowerment and independence. On behalf of the Trustee Board, | extend my sincere thanks to them for their outstanding work.

We are equally grateful to the many individuals, businesses, faith organisations, local groups, and volunteer counsellors who continue to support our work. Their contributions strengthen our ability to respond to need and ensure that MK-Act reflects the diverse community we serve here in Milton Keynes.

This year has brought significant challenges, with rising costs and reductions in funding placing pressure on resources. Despite this, MK-Act has remained steadfast in its commitment to stand alongside those affected by domestic abuse, ensuring that our services are there whenever they are needed.

We also recognise that domestic abuse remains a hidden crime for many, and that countless individuals live with abuse without ever coming forward. Reaching those people is a priority, and we are working proactively to build connections so that they too can access the support and safety they deserve.

As we look ahead, even in these challenging times, the Trustee Board remains committed to ensuring that MKAct continues to provide vital services for the most vulnerable in our community. Together, with the support of our staff, volunteers, partners, and stakeholders, we will carry forward the organisation's legacy of compassion, safety, and empowerment for all who need us.

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MILTON KEYNES WOMEN'S AID

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Financial review

The Trustees have prepared the accounts in accordance with the Statement of Recommended Practice (SORP) for Charities. The net expenditure from all funds, after investment income, was £209,824 for the year, compared with net income of £64,012 in 2024. A detailed review of the Trust's financial position is shown in the Statement of Financial Activities.

The movement from a surplus position prior year to a deficit in the current year reflects the organisation's deliberate decision to utilise reserves in order to safeguard and strengthen support for victims of domestic abuse. This planned use of funds enabled us to maintain a safe, high-quality service during a period of increased demand and financial pressure. The Trustees remain confident in the organisation's ability to maintain positive future cash flows, operate within budget, and ensure that reserves are held at appropriate levels, avoiding the accumulation of excess funds while continuing to prioritise the safety and wellbeing of those we serve.

Reserves policy

The trustees have reviewed and established a new policy. The unrestricted funds not committed or invested in tangible fixed assets (the free reserves) held by the Charity should be between three and six months of the resources expended, which equates to £250,000 and £500,000 in general funds. At this level, the management committee feels that they would be able to continue the current activities of the Charity in the event of a significant drop in funding. It would provide a time frame in which it would be necessary to consider how the funding would be replaced or activities changed. Free reserves now stand at about £381,712, which is within the Trustees’ policy range. The Trustees expect that this level will be maintained in the future.

Risk management

The Trustees have considered the most appropriate policy for investing funds and found that specialised bank accounts meet their requirements. The Trustees consider the return on investments to be satisfactory in the current economic climate.

The Trustees are responsible for the management of business risks faced by the Charity and this is reviewed at regular intervals.

The systems of internal control are designed to provide reasonable, but not absolute assurance against material misstatement of loss. They include:

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MILTON KEYNES WOMEN'S AID

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

The Trustees have in place a formal risk management process to assess business risks and implement risk management strategies. This invoives identifying the types of risks the Charity faces, prioritising them in terms of potential impact and likelihood of occurrence, and identifying means of mitigating the risks. Detailed considerations of business risks are delegated to the Management Team. Business risks are identified, assessed and controls established throughout the year. A formal review of the Charity’s business risk management process is undertaken on a periodic basis.

The Trustees ensure that regular independent Health and Safety reviews are carried out. As the majority of the Charity’s funds are derived from public bodies, and as such are subject to changes in local and national government policy, this presents the most significant financial risk factor. The Trustees have accordingly allocated contingency funds by setting up a reserves policy and the policy is reviewed on a regular basis by the Trustees.

Plans for future

We continue to ensure that we continually review our Business and Strategic Planning so that it continues to deliver our vision and values. We also continue to review our services for any gaps in provision and seeing how we can cover these in partnership with other agencies including Milton Keynes City Council through joint planning and funding bids. We continue to review and develop our service based on the needs and feedback of those who use our service. We are still playing an active role in the Partnership Board focusing on DA within MK ensuring that DA is both a focus and priority for those involved and in other networks in the city.

Investment policy

The management committee has considered the most appropriate policy for investing funds and has found that specialised bank accounts meet their requirements. The management committee consider the return on investments to be satisfactory in the current economic climate.

Structure, governance and management

Milton Keynes Women’s Aid (MKWA) is a company limited by guarantee and has no share capital, is governed by its Memorandum and Articles of Association dated 28 April 1988 and subsequent amendments. It is registered as a Charity with the Charity Commission.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements are:

M Balal H E Fisher E Hynes (resigned 16 October 2024) MR Kaur T L Mangena K N Parmar S Payne BE Taeed A Vincent (resigned 3 July 2024) B K Parmar (appointed 19 June 2024) A Tutani (appointed 19 June 2024) V M Gidman (appointed 23 July 2025) S Khanijow (appointed 23 July 2025) C E Prysbet (appointed 23 July 2025) D K Lider (appointed 23 July 2025)

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MILTON KEYNES WOMEN'S AID

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Trustees

The members of MKWA appoint Trustees recommended by members of the Trustee Board at the AGM.

The Trustees continue to review their composition and effectiveness. There is a continuing need for Trustees who reflect different cultures and experiences. The Trustees are actively seeking candidates who will meet these requirements.

The company is limited by guarantee, and no Trustee has a beneficial interest in the capital of the charitable company.

Trustee induction and training

New Trustees will undergo orientation equivalent to a day to brief them on their legal obligations under Charity and Company Law, the content of the Memorandum and Articles of Association, the committee and decision making process, and the recent financial performance of the Charity. During their visit they will be introduced to members of staff on duty and given details of the staffing structure. They will then be invited to the next Board meeting where introductions are dealt with at the beginning of the meeting.

Organisation

The Board of Trustees administer the Charity as a management committee and meet 10 times a year as a minimum.

A Chief Executive is appointed by the Board to manage the day to day operation of the Charity.

The Trustees are unpaid volunteers. The Board has appointed a finance sub committee to administer the day to day running and financial affairs of the Charity. The sub committee comprises the Trustees, the Chief Executive and the Finance Manager. The Committee has its decisions ratified by the full Board.

Statement of Trustees’ responsibilities

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

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TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:

Auditors

The auditor, MHA, previously traded through the legal entity MacIntyre Hudson LLP. In response to regulatory changes, Macintyre Hudson LLP ceased to hold an audit registration with the engagement transitioning to MHA Audit Services LLP.

The auditor MHA is deemed to have been re appointed in accordance with section 487 of the Companies Act 2006.

Taxation status

The company is registered as a charity with the Charity Commission, and its income is exempt from charge to corporation tax whilst it is applied for charitable purposes.

Approved by order of the members of the board of Trustees and signed on their behalf by:

MR Kaur TL oats Trustee ; ; Trustee Date: 2z|P| TO? SK

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MILTON KEYNES WOMEN'S AID

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MILTON KEYNES WOMEN'S AID

Opinion

We have audited the financial statements of Milton Keynes Women's Aid (the 'charitable company’) for the year ended 31 March 2025 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

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Other information

The other information comprises the information included in the Annual report other than the financial statements and our Auditors’ report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

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INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MILTON KEYNES WOMEN'S AID (CONTINUED)

Responsibilities of trustees

As explained more fuily in the Trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine 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 statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors’ report that includes our opinion. Reasonable 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 misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

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MILTON KEYNES WOMEN'S AID

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MILTON KEYNES WOMEN'S AID (CONTINUED)

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those maiters we are required to state to them in an Auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Elizabeth Newell BA (Hons) FCA (Senior statutory auditor)

for and on behaif of

MHA

Chartered Accountants Statutory Auditors Milton Keynes

Date: 30 Gcromee 225

MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number 0C455542).

MHA are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

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MILTON KEYNES WOMEN'S AID

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025

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|||||||||| |---|---|---|---|---|---|---|---|---| |Unrestricted|Restricted|Total|Total| |funds|funds|funds|funds| |2025|2025|2025|2024| |Note|£|£|£|£| |Income|from:| |Donations|and|Government|Grants|4|952,530|(2,107)|950,423|1,175,556| |Charitable|activities|5|462,646|-|462,646|418,257| |Investments|6|7,391|-|7,391|6,742| |Total|income|1,422,567|(2,107)|1,420,460|1,599,955| |Expenditure|on:| |Raising|funds|7|13,782|-|13,782|26,286| |Charitable|activities|1,517,693|98,809|1,616,502|1,509,657| |Total|resources|expended|1,531,475|98,809|1,630,284|1,535,943| |Net movement|in|funds|(108,908)|(100,916)|(209,824)|64,012| |Reconciliation|of funds:| |Total|funds|brought|forward|490,620|167,444|658,064|594,052| |Net movement|in|funds|(108,908)|(100,916)|(209,824)|64,012| |Total funds|carried|forward|381,712|66,528|448,240|658,064|

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The Statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The notes on pages 16 to 32 form part of these financial statements.

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MILTON KEYNES WOMEN'S AID REGISTERED NUMBER: 02249151

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BALANCE SHEET AS AT 31 MARCH 2025

, 2025 2024
Note £ £
Fixed assets
Tangible assets 12 11,454 13,183
11,454 13,183
Current assets
Debtors 13 234,328 211,251
Cash at bank and in hand 20 303,831 600,729
538,159 811,980
Current liabilities
Creditors: amounts falling due within one
year 14 (101,373) (167,099)
Net current assets 436,786 644,881
Total assets less current liabilities 448,240 658,064
Netassets excluding pension asset 448,240 658, 064
Total netassets 448,240 658,064
Charity funds
Restricted funds 16 66,528 167,444
Unrestricted funds 16 381,712 490,620
Totalfunds 448,240 658,064

:

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MILTON KEYNES WOMEN'S AID REGISTERED NUMBER: 02249151

Sea eR Te a BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicabie to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

M R Kaur Trustee Date’ 22.110 (202

T L Mangena Trustee

The notes on pages 16 to 32 form part of these financial statements.

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MILTON KEYNES WOMEN'S AID

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025

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||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |2025|2024| |£|£| |Cash|flows|from|operating|activities| |Net|cash|used|in|operating|activities|(see|note|19)|(298,786)|3,774| |Cash|flows|from|investing|activities| |Dividends,|interests|and|rents|from|investments|7,391|6,142| |Purchase|of tangible|fixed|assets|(see|note|12)|(5,503)|(6,069)| |Net|cash|provided|by|investing|activities|1,888|73| |Cash|flows|from|financing|activities| |Net|cash|provided|by financing|activities|-|-| |Change|in|cash|and|cash|equivalents|in|the|year|(296,898)|3,847| |Cash|and|cash|equivalents|at the|beginning|of the|year|600,729|596,882| |Cash|and|cash|equivalents|at|the|end|of the|year|303,831|600,729| |The|notes|on|pages|16|to|32|form|part|of these|financial|statements|

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MILTON KEYNES WOMEN'S AID

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. Charity information

Milton Keynes Women's Aid is a private company limited by guarantee incorporated in England and Wales. The registered office is The Pinnacle, Building A, 150-170 Midsummer Boulevard, Milton Keynes, MKQ 1FD.

2. Accounting policies

The financial statements have been prepared in accordance with the Companies Act 2006 and “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 2022). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations or grants are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

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2. Accounting policies (continued)

2.4 Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

2.5 Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities upon the completion of the relevant performance-related conditions. Other grants that are not subject to performance-related conditions are credited to the Statement of financial activities as the grant proceeds are received. Grants received prior to the revenue recognition criteria being satisfied are recognised asa liability.

2.6 Tangible fixed assets and depreciation

Tangible fixed assets costing £2,000 or more, updated from £200 or more in 2025, are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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ATT Se Pa SSS A NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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2. Accounting policies (continued)

2.6 Tangible fixed assets and depreciation (continued)

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Motor vehicles - 25% reducing balance Computer/ Office equipment —- 15% reducing balance Computer / Office equipment —- 33% straight line

House furnishings are written off on purchase. Office furniture and fittings are capitalised for individual items costing more than £2,000, updated from £200 in 2025, including any incidental costs of acquisition.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

Assets purchased under finance leases are depreciated over the life of the lease.

2.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

2.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.11 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settie on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequenily carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.

2.12 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

investment income, gains and losses are allocated to the appropriate fund.

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MILTON KEYNES WOMEN'S AID

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.13 Lease agreements

Rentals applicable to operating leases are charged to the SOFA over the period in which the cost is incurred. Assets purchased under finance lease are capitalised as fixed assets. Obligations under such agreements are included in creditors. The difference between the capitalised cost and the total obligation under the lease represents the finance charges. Finance charges are written-off to the SOFA over the period of the lease so as to produce a constant periodic rate of charge.

2.14 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2.15 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2.16 Limited by guarantee

The Charity is a company limited by guarantee. The members of the charity are the trustees and any women over the age of 18, who support the objects of the charity and is appointed by the management committee. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

3. Critical accounting estimates and judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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MILTON KEYNES WOMEN'S AID

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

4. Donations and Government Grants

Restricted
Unrestricted funds - Total
funds project funds
2025 2025 2025
£ £ £
Donations and gifts 305,440 (2,107) 303,333
Government grants 647,090 - 647,090
952,530 (2,107) 950,423
Restricted
Unrestricted funds - Total
funds project funds
2024 2024 2024
£ £ £
Donations and gifts 441,614 138,192 579,806
Government grants 595,750 - 595,750
1,037,364 138,192 1,175,556

The Complex Needs project concluded during the reporting period. The total funding received exceeded the expenditure incurred, resulting in an unspent balance. This surplus will be returned to Thames Valley Police in the subsequent accounting period.

5. Income from charitable activities

Unrestricted
funds		 Total
funds
2025 2025
Income from charitable activities 462,132 462,132
Other income 514 514
462,646 462,646

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MILTON KEYNES WOMEN'S AID

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

5. Income from charitable activities (continued)

Unrestricted Total
funds funds
2024 2024
£ £
Income from charitable activities 417,592 417,592
Other income 665 665
418,257 418,257

6. Investment income

Unrestricted Total
funds funds
2025 2025
£ £
Bank interest 7,391 7,391
Unrestricted Total
funds funds
2024 2024
£ £
Bank interest 6,142 6,142

7. Expenditure on raising funds

Fundraising trading expenses

Unrestricted Total
funds funds
2025 2025
£ £
Allocated centrally incurred fundraising and governance costs 13,782 13,782

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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7. Expenditure on raising funds (continued)

Unrestricted Total
funds funds
2024 2024
£ £
Allocated centrally incurred fundraising and governance costs 26,286 26,286
  1. Analysis of expenditure by activities
Activities
undertaken
directly		 Support
costs		 Total
funds
2025 2025 2025
£ £ £
Direct costs 948,750 - 948,750
Charitable activities 654,110 12,000 666,110
Depreciation 1,642 - 1,642
1,604,502 12,000 1,616,502
Activities
undertaken Support Total
directly costs funds
2024 2024 2024
£ £ £
Direct costs 821,873 - 821,873
Charitable activities 676,696 8,900 685,596
Depreciation 2,188 - 2,188
1,500,757 8,900 1,509,657

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MILTON KEYNES WOMEN'S AID

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

8. Analysis of expenditure by activities (continued)

Analysis of direct costs

Total Total
funds funds
2025 2024
£ £
Staffcosts 1,051,053 920,650
Depreciation 7,232 5,966
Training projects 26,633 26,279
Rent and rates 33,602 30,704
Housing association fees 243,317 232,354
Light & heat 12,486 11,666
Repairs and maintenance 25,218 25,042
Insurance 12,861 17,045
Otherestablishment costs 84,850 90,583
Motor vehicle expenses 3,779 1,989
Other travel costs 8,148 10,348
Legal and professional fees 10,791 14,892
Telephone 21,736 27,243
Other costs 22,590 43,477
Bank charges 1,700 1,723
Administration fees 36,711 44,882
Bad debts 1,795 1,914
1,604,502 1,500,757

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

8. Analysis of expenditure by activities (continued)

Analysis of support costs

----- Start of picture text -----
||||| |---|---|---|---| |Total|Total| |funds|funds| |2025|2024| |£|£| |Audit fees|9,500|7,539| |Non-audit|fees|2,500|1,361| |12,000|8,900|

----- End of picture text -----

9. Auditors’ remuneration

The auditors’ remuneration amounts to an auditor fee of £9,500 (2024 - £7,539).

10. Staff costs

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |2025|2024| |£|£| |Wages|and|salaries|956,500|834,457| |Social|security|costs|78,313|70,238| |Contribution|to|defined|contribution|pension|schemes|16,240|15,955| |1,051,053|920,650|

----- End of picture text -----

The average number of persons employed by the charity during the year was as follows:

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |Average employees|49|44|

----- End of picture text -----

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

10. Staff costs (continued)

No employee received remuneration amounting to more than £60,000 in either year.

The Management Committee did not receive any remuneration.

No expenses were paid to any Management Committee members during the year.

Key management personnel of the charity comprise the Charity Executive Officer, Finance Manager, Refuge Manager, Intervention Service Manager and Fresh Start Manager received combined salaries totalling £219,062 during the year (2024 : Charity Executive Officer and Finance Manager £84,924).

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Rennes

41. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - NIL).

During the year ended 31 March 2025, expenses totalling £NIL were reimbursed or paid directly to a Trustee (2024 - £NIL).

12. Tangible fixed assets

Motor
vehicles		 Computer
/
office
equipment		 Total
£ £ £
Cost
At 1 April 2024 20,751 53,259 74,010
Additions - 5,503 5,503
At 31 March 2025 20,751 58,762 79,513
Depreciation
At 1 April 2024 14,184 46,643 60,827
Charge forthe year 1,641 5,591 7,232
At 31 March 2025 15,825 §2,234 68,059
Net book value
At 31 March 2025 4,926 6,528 11,454
At31 March 2024 6,567 6,616 13,183
13. Debtors
2025 2024
£ £
Duewithinoneyear
Trade debtors 198,877 167,374
Otherdebtors 27,445 28,588
Prepayments and accrued income 8,006 15,289
234,328 =211,251

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

rep

14. Creditors: Amounts falling due within one year

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |2025|2024| |£|£| |Trade|creditors|7,899|104,024| |Other taxation|and|social|security|18,299|16,955| |Other creditors|52,850|20,718| |Accruals|and|deferred|income|22,325|25,402| |101,373|167,099|

----- End of picture text -----

15. Financial instruments

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |2025|2024| |£|£| |Financial|assets| |Debt|instruments|measured|at amortised|cost|303,831|600,729|

----- End of picture text -----

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

16. Statement of funds

Statement of funds - current year

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |Balance|at| |Balance|at|1|31|March| |April|2024|Income|Expenditure|2025| |£|£|£|£| |Unrestricted|funds| |General|Funds-|all|funds|490,620|1,422,567|(1,531,475)|381,712| |Restricted|funds| |Restricted|Fund|Vehicles|6,565|-|(1,642)|4,923| |The|Open|Toy Box & West|Bletchley|17,984|-|(5,472)|12,512| |HAF|-|2,535|(350)|2,185| |MKC|Transformation|Project|Manager|42,957|-|(28,145)|14,812| |Complex|Needs|62,146|(47,250)|(14,896)|-| |Older|Person's|IDVA|22,104|42,608|(38,656)|26,056| |Global|Giving|Media|15,688|-|(8,648)|6,040| |167,444|(2,107)|(98,809)|66,528| |Total|of funds|658,064|1,420,460|(1,630,284)|448,240|

----- End of picture text -----

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MILTON KEYNES WOMEN'S AID

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

16. Restricted funds

Project Funds - Restricted funds

Restricted Fund Vehicles

£6,565 was brought forward, and £1,642 was spent during the year.

The Open Toy Box & West Bletchley, Play Therapy and Children in Need £17,984 was brought forward from Bletchley carnival and Euroclear. The fund is being used to support children in therapy and play therapy as funded by Children in Need. £5,472 was spent during the year.

Older Persons IDVA

£22,104 was brought forward. £42,608 was received, £38,656 was spent during the year.

Complex Needs

An opening balance of £62,146 was brought forward from prior year. During the year, £14,896 was spent on project activities, and £47,250 was reclassified to other creditors to reflect the amount due for repayment to Thames Valley Police. As the project concluded within the reporting period and total funding exceeded expenditure, the remaining balance will be returned to Thames Valley Police after the year end.

Global Giving Media

£15,688 was brought forward. ENi!l was received, £9,648 was spent during the year.

MKC Transformation Project Manager

£42,957 was brought forward. £Nil was received, £28,145 was spent during the year.

HAF

£Nil was brought forward. £2,535 was received, £350 was spent during the year.

17. Summary of funds

Summary of funds - current year

----- Start of picture text -----
Balance at
Balance at 1 31 March
April 2024 Income Expenditure 2025
£ £ £ £
General funds 490,620 1,422,567 (1,531,475) 381,712
Restricted funds 167,444 (2,107) (98,809) 66,528
658,064 1,420,460 (1,630,284) 448,240
----- End of picture text -----

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

18. Analysis of net assets between funds

Analysis of net assets between funds - current year

Restricted
Unrestricted funds - Total
funds project funds
2025 2025 2025
£ £ £
Tangible fixed assets 11,454 - 11,454
Current assets 471,631 66,528 538,159
Creditors due within one year (101,373) - (101,373)
Total 381,712 66,528 448,240

19. Reconciliation of net movement in funds to net cash flow from operating activities

2025 2024
£ £
Net income/expenditure for the year (as per Statement of Financial
Activities) (209,824) 64,012
Adjustments for:
Depreciation charges 7,232 5,966
Dividends, interests and rents from investments (7,391) (6,142)
Decrease/(increase) in debtors (23,077) (84,096)
Increase/(decrease) in creditors (65,726) 24,034
Netcash provided by/(used in) operating activities (298,786) 3,774
Analysis ofcash and cash equivalents
2025 2024
Cash in hand 303,831 600,729
Totalcashandcashequivalents 303,831 600,729

20. Analysis of cash and cash equivalents

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MILTON KEYNES WOMEN’S AID

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

21. Analysis of changes in net debt

Cash at bank and in hand

----- Start of picture text -----
At 1 April At 31 March
2024 Cash flows 2025
£ £ £
600,729 (296,898) 303,831
600,729 (296,898) 303,831
----- End of picture text -----

22. Operating lease commitments

At 31 March 2025 the Company had commitments to make future minimum lease payments under noncancellable operating leases as follows:

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |2025|2024| |£|£| |Not|later than|1|year|43,150|40,500| |Later|than|1|year and|not|later than|5|years|49,900|87,750| |93,050|128,250|

----- End of picture text -----

23. Members’ liability

Each member of the charitable company undertakes to contribute to the assets of the company in the event of it being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be required, not exceeding £1 for the debts and liabilities contracted before he/she ceases to be a member.

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