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2024-03-31-accounts

REGISTERED COMPANY NUMBER: 02796665 REGISTERED CHARITY NUMBER: 1018848

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR RELATE MILTON KEYNES

RELATE MILTON KEYNES

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Page
Report of the Trustees 1 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9 to 10
Notes to the Financial Statements 11 to 17
Detailed Statement of Financial Activities 18 to 19

RELATE MILTON KEYNES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of 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 2019).

OBJECTIVES AND ACTIVITIES Principal Objectives and activities

Relate Milton Keynes is an independent charity which operates within a federation of charities affiliated to Relate, a national charitable organisation. The national organisation supports Relate Milton Keynes and other members of the federation by providing training for counsellors, advice and guidance in connection with marketing, human resources and professional services as well as monitoring for quality control purposes and the maintenance of professional standards.

Relate Milton Keynes shares the vision statement of Relate of a future in which healthy relationships are actively promoted as the heart of a thriving society.

Relate Milton Keynes supports clients through delivering relationship counselling for adult individuals, couples, young people and families as well as psychosexual therapy for couples and individuals, irrespective of gender orientation. Our couples service aims to use talking therapies to alleviate emotional stress caused by relationship problems. Our psychosexual therapy service offers help to individuals and couples facing personal or relationship difficulties in their sexual activities. In both cases, the help and support is available regardless of marital status, gender or orientation.

In the past year, we have seen a noticeable increase in the requirement for counselling services for children and young adults. The Child and Adolescent Mental Health service has continued to refer young people and families to Relate Milton Keynes for counselling and continued to provide funding support for the delivery of that counselling, benefitting young people who are experiencing difficulties as a result of parental separation or adjusting to changing family arrangements or new relationships. In addition, we have recently attracted funding from the NHS to provide counselling services in an earlier intervention which hopefully avoids the need for children and young people to be referred the CAMHS. As a result of this additional demand, Relate Milton Keynes has been actively growing the number of counsellors available for work with children and families.

The national charity, Relate, has this year published an ambitious and exciting new strategy which, among other things, seeks to extend the range of services provided to embrace relationship difficulties outside the home environment and. to consider different channels through which the services could be provided, including telephone and social media services. Relate Milton Keynes supports the new strategic direction being taken by the national body and will seek to support it and implement new services and methodologies as they are developed and introduced on a national basis.

Conscious of the cost-of-living challenges faced by many int eh community it seeks to serve, Relate Milton Keynes has continued to provide bursary support to clients who would otherwise be unable to pay for its services. Benefitting from a significant increase in revenue from a charity shop linked to the charity, the Trustees will seek to extend the range of services available and to ensure that the services are available to all irrespective of individual financial circumstance,

.

Page 1

RELATE MILTON KEYNES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

OBJECTIVES AND ACTIVITIES (continued)

Principal Objectives and activities

The charity welcomes all who live or work in the unitary authority of Milton Keynes and makes it services available to all. The trustees, in reviewing service provision to the whole population of Milton Keynes have noted that the ratios of ethnic minorities using our services mirrors in large measure the ethnic diversity of Milton Keynes. In conjunction with the Relate national body, Relate Milton Keynes has adopted a policy in relation to equality, diversity and inclusion and is actively working to increase diversity and inclusion in all facets of the charity’s operation.

ACHIEVEMENT AND PERFORMANCE

The overall sessions delivered by Relate Milton Keynes has decreased by 8% to 3,174 sessions (2023: 2,933 sessions). This includes:

The results of our outcomes survey for Relationship counselling clients revealed that:

100% (2023: 100%) rated their experience of Relate as 'very good' or 'good' 100% (2023: 100%) would recommend Relate to others

The surplus on the ordinary activities of Relate Milton Keynes during the year amounted to £65,487 (2023: deficit of £354). The principal funders during the year are as follows;

Client counselling and mediation income CAMHS CNWL NHS Income from trading activities

The total funds held by the Relate Milton Keynes as at 31 March 2024 was £280,909 (2023: £215,422).

FINANCIAL REVIEW

Reserves policy

The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should generally be expended within 3 and 6 months. This amounts to a figure of between £59,811 and £119,623 in general funds. At this level, the trustees feel that they would be able to continue the current activities of the charity in the likely event of a significant drop in funding.

It would obviously be necessary to consider how the funding would be replaced or activities developed to compensate. At present the general reserves (excluding designated funds) which amount to £140,533 are above this band. The trustees will keep this policy under constant review.

The trustees are confident that Relate Milton Keynes is able to continue to meet its liabilities as they fall due for the foreseeable future and that the accounts should be prepared on a going concern basis.

Page 2

RELATE MILTON KEYNES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

FUTURE STRATEGY

By supporting children, young people, families, parents, individuals, couples and organisations both through counselling and training, Relate Milton Keynes continues to take a holistic view of relationship support and is a leading early intervention, targeted, community based, front-line service provider in the city.

The trustees of Relate Milton Keynes intend to develop a rolling three-year strategic plan which will be informed by an extensive review of key services and delivery methods being undertaken by the national Relate organisation in consultation with its federated centres around England and Wales. Our key strategic goals, however remain:

  1. To ensure the continuing delivery of Relate’s core services through electronic communications to the population of Milton Keynes;

  2. To make face-to-face counselling available to clients who need or prefer this form of service delivery;

  3. To develop and find ongoing funding for the bursary scheme to make our services available to all, irrespective of ability to pay;

  4. To build and enhance the skills of the counselling team through further recruitment and development training;

  5. To ensure we maintain best practice in implementing our policy for equality, diversity and inclusion in all facets of the agency’s functions.

In pursuance of those goals, the trustees have set aside funds to implement a bursary scheme for those unable to afford the full charge for our services. The scheme has proved successful and the trustees will continue to consider ways of extending it and making our services more widely available. We will also continue to seek and extend the scope of external funding for additional bursary services.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is a company limited by guarantee, as defined by the Companies Act 2006. Members of the charitable company guarantee to contribute an amount not exceeding £1 to the assets of the charitable company in the event of winding up. The total number of guarantees at 31st March 2024 was 29.

The word 'Limited' is omitted by license of the Secretary of State for Trade and Industry.

Relate Milton Keynes is an independent charity that is part of a Federation of Relate Charities, receiving training and overall policy decision from Relate Central Office.

Page 3

RELATE MILTON KEYNES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT Executive Board

The Executive Board should consist of a minimum of six and a maximum of eighteen Members, including the Chair, Vice Chair and Treasurer, who are elected at the Annual General Meeting. The remaining Executive Board Members are elected by the Members of the Centre at the Annual General Meeting and shall hold office for a year but shall be eligible for reelection. The chair's period of office shall be two years renewable to a maximum of eight years. The maximum period on the Executive shall also be eight consecutive years for all other Members. The Executive Board may also co-opt up to two people, whether members of the Centre or not, to join the Executive Board. Any co-opted Member of the Executive shall cease to be a co-opted Member if he/she becomes an elected Member. The Executive Board currently comprises the three officers plus three trustees elected at the Annual General Meeting (two other trustees elected at the Annual General Meeting having resigned in the course of the year.).

Remuneration

Relate Milton Keynes operates a remuneration policy whereby an annual percentage award is considered for all directly employed staff, from 1st April each year, and that the individual percentage be so calculated to include:

Given the size of the organisation, the trustees do not believe that a set salary scale for each post is appropriate or beneficial. As a member of the Living Wages Foundation, Relate Milton Keynes ensures its payscales are in line with the annual recommended increases in the Living Wage.

The average employee headcount during the financial year was 14 (full-time equivalent was 4). No employees earned in excess of £60,000 and the total remuneration paid to the key management personnel during the year was £46,305.

During the period the trustees received no remuneration and no trustees claimed reimbursement of expenses in this financial year (2023: £nil).

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees have developed and continue to monitor a rolling three-year strategic plan and regularly review status reports highlighting potential risks and prioritising actions.

Internal risks are considered minimal by the implementation of financial procedures that are periodically reviewed to ensure they are working efficiently.

Page 4

RELATE MILTON KEYNES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

TRUSTEES’ RESPONSIBILITIES STATEMENT

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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

The charitable company’s trustees consider that an audit is not required for this year (under section 144(2) of the Act) and that an independent examination is required.

Page 5

RELATE MILTON KEYNES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 02796665

Registered Charity number 1018848

Registered office

47 Aylesbury Street Wolverton Milton Keynes MK12 5HX

Trustees

D Aslam appointed 07 March 2024 N Axtell appointed 07 March 2024 C Griffin resigned 06 December 2023 K E Lewington B Miangar H Moore appointed 07 March 2024 V Patent appointed 14 September 2023 E S Pope M Rayner resigned 19 July 2023 C A Walsh H Williams appointed 07 March 2024

Independent examiner

Harris & Co (Accountants) Limited 2 Pavilion Court 600 Pavilion Drive Northampton NN4 7SL

Approved by order of the board of trustees on 5[th] September 2024 and signed on its behalf by:

............................................. B Miangar - Trustee

Page 6

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RELATE MILTON KEYNES

Independent examiner's report to the trustees of Relate Milton Keynes ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Sarah Buswell FCA Harris and Co Chartered Accountants 2 Pavilion Court 600 Pavilion Drive Northampton NN4 7SL

Date: 5[th] September 2024

Page 7

RELATE MILTON KEYNES

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Unrestricted Restricted Total funds Total funds
funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations 275 - 275 51
Charitable activities
Income from trading activities 54,388 - 54,388 18,315
Counselling income 155,546 - 155,546 142,762
Mediation income 6,239 - 6,239 2,040
Grants and contracts 57,200 30,000 87,200 56,332
Sundry income - - - 150
Investment income 2 5,144 - 5,144 1,493
Total 278,792 30,000 308,792 221,143
EXPENDITURE ON
Charitable activities
Staff costs 166,750 515 167,265 146,784
Governance costs 790 - 790 324
Sundries **75,157 ** 93 75,250 74,389
Total 242,697 608 243,305 221,497
NET (EXPENDITURE)/INCOME 36,095 29,392 65,487 (354)
Transfers between funds - - - -
NET MOVEMENT IN FUNDS 36,095 29,392 65,487 (354)
RECONCILIATION OF FUNDS
Total funds brought forward 215,422 - 215,422 215,776
TOTAL FUNDS CARRIED FORWARD 251,517 **29,392 ** 280,909 215,422

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 8

RELATE MILTON KEYNES

BALANCE SHEET AT 31 MARCH 2024

2024 2023
Unrestricted Restricted Total funds Total funds
funds funds
Note £ £ £ £
FIXED ASSETS
Tangible assets 7 23,256 - 23,256 27,316
Investments 8 4 - 4 4
23,260 - 23,260 27,320
CURRENT ASSETS
Stocks 9 50 - 50 50
Debtors 10 51,317 - 51,317 23,277
Prepayments and accrued income 10,541 - 10,541 3,782
Cash at bank and in hand 187,485 **29,392 ** 216,877 176,039
249,393 29,392 278,785 203,148
CREDITORS
Amounts falling due within one year 11 (21,136) - (21,136) (15,046)
NET CURRENT ASSETS **228,257 ** **29,392 ** 257,649 188,102
TOTAL ASSETS LESS CURRENT
LIABILITIES 251,517 29,392 280,909 215,422
NET ASSETS 251,517 **29,392 ** 280,909 215,422
FUNDS 12
Unrestricted funds 251,517 215,422
Restricted funds **29,392 ** -
TOTAL FUNDS 280,909 215,422

The notes form part of these financial statements

continued...

Page 9

RELATE MILTON KEYNES

BALANCE SHEET - CONTINUED AT 31 MARCH 2024

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to charitable small companies.

The financial statements were approved by the Board of Trustees on 5[th] September 2024 and were signed on its behalf by:

.............................................

B Miangar -Trustee

.............................................

C A Walsh -Trustee

The notes form part of these financial statements

Page 10

RELATE MILTON KEYNES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', and the Companies Act 2006. The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value.

Going concern

The Trustees have performed a robust analysis of forecast future cash flows taking into account any potential impacts on the charity. This analysis also considers the effectiveness of available measures to assist in mitigating the impact. Based on these assessments and having regard to the resources available to the charity, the Trustees have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - Straight line over 50 years Fixtures and fittings - Straight line over 5 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slowmoving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

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RELATE MILTON KEYNES

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024

2. INVESTMENT INCOME

Investment income and interest
3.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets		 2024
£
5,144
2024
£
4,060		 2023
£
1,493
2023
£
4,910

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses

No Trustees claimed reimbursement of expenses during the year ended 31 March 2024 (2023: £nil).

5. STAFF COSTS

The average monthly number of employees during the year was as follows:

Administrative
Counsellors		 2024
4
10
14		 2023
3
8
11

No employees received emoluments in excess of £60,000 in either 2024 or 2023.

Page 12

RELATE MILTON KEYNES

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted Restricted Total funds
funds funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations 51 - 51
Charitable activities
Income from trading activities 18,315 - 18,315
Counselling income 142,762 - 142,762
Mediation income 2,040 2,040
Grants and contracts 56,332 - 56,332
Sundry income 150 150
Investment income 1,493 - 1,493
Total 221,143 - 221,143
EXPENDITURE ON
Charitable activities
Staff costs 146,784 - 146,784
Governance costs 324 - 324
Sundries 74,389 - 74,389
Total 221,497 - 221,497
NET INCOME/(EXPENDITURE) (354) - (354)
Transfers between funds - - -
Net movement in funds (354) - (354)
RECONCILIATION OF FUNDS
Total funds brought forward 215,776 - 215,776
TOTAL FUNDS CARRIED FORWARD 215,422 - 215,422

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RELATE MILTON KEYNES

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024

7. TANGIBLE FIXED ASSETS

7. TANGIBLE FIXED ASSETS
Freehold Fixtures and
property fittings Totals
£ £ £
COST
At 1 April 2023 50,000 27,833 77,833
Additions during the year - - -
At 31 March 2024 50,000 27,833 77,833
DEPRECIATION
At 1 April 2023 27,000 23,517 50,517
Charge for year 1,000 3,060 4,060
At 31 March 2024 28,000 26,577 54,577
NET BOOK VALUE
At 31 March 2024 22,000 1,256 23,256
At 31 March 2023 23,000 4,316 27,316
8. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
MARKET VALUE
At 1 April 2023 and 31 March 2024 4
NET BOOK VALUE
At 31 March 2024 4
At 31 March 2023 4

Relate Milton Keynes is the ultimate controlling party of MK Community Shop (Shenley) Limited, a registered company (Number 02798238). There were no assets invested outside the UK.

9. STOCKS

Stocks
10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors		 2024
£
50
2024
£
4,908
46,409
51,317		 2023
£
50
2023
£
5,466
17,811
23,277

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RELATE MILTON KEYNES

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024 2023
£ £
Trade creditors 3,723 3,278
Tax and social security 2,365 2,748
Other creditors 4 4
Accruals and deferred income 15,044 9,016
21,136 15,046
MOVEMENT IN FUNDS
Net Transfers
At 1.4.23 movement in between funds At 31.3.24
funds
£ £ £ £
Unrestricted funds
General fund 113,049 44,930 (17,446) 140,533
Designated funds:
Bursary fund 6,000 (4,775)
4,775		 6,000
CYP - - 25,000 25,000
Restructure costs 68,333 - (11,605) 56,728
Fixed assets 28,040 **(4,060) **
(724)		 23,256
215,422 36,095 - 251,517
Restricted funds
CYP - Wellbeing - **29,392 ** - 29,392
- - -
TOTAL FUNDS 215,422 **65,487 ** - 280,909
Net movement in funds, included in the above are as follows:
Incoming Resources Movement in
resources expended funds
£ £ £
Unrestricted funds
General fund 278,792 (233,862) 44,930
Designated funds:
Bursary fund - (4,775) (4,775)
Fixed assets - **(4,060) ** (4,060)
**278,792 ** (242,697) 36,095
Restricted funds
CYP - Wellbeing 30,000 **(608) ** 29,392
30,000 (608) 29,392
TOTAL FUNDS **308,792 ** **(243,305) ** 65,487

12. MOVEMENT IN FUNDS

Page 15

RELATE MILTON KEYNES

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024

12. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net Transfers
At 1.4.22 movement in between funds At 31.3.23
funds
£ £ £ £
Unrestricted funds
General fund 141,018 10,191 (38,160) 113,049
Designated funds:
Bursary fund 6,000 (5,635)
5,635		 6,000
Restructure costs 35,398 - 32,935 68,333
Fixed assets 33,360 (4,910)
(410)		 28,040
TOTAL FUNDS 215,776 (354)
-		 215,422
Net movement in funds, included in the above are as follows:
Incoming Resources Movement in
resources expended funds
£ £ £
Unrestricted funds
General fund 221,143 (210,952) 10,191
Designated funds:
Bursary fund - (5,635) (5,635)
Fixed assets - **(4,910) ** (4,910)
221,143 (221,497) (354)

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RELATE MILTON KEYNES

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024

13. RELATED PARTY DISCLOSURES

The company received a covenant of £49,988 (2023 - £13,915) and a management charge of £4,400 (2023 - £4,400) from its subsidiary, MK Community Shop (Shenley) Limited. The balance at the year end due from MK Community Shop (Shenley) Limited was £46,409 (2023 - £17,210).

14. ULTIMATE CONTROLLING PARTY

The company is under the control of its members and as such there is no single controlling party. No one entity has ultimate control of the company.

15. COMPANY LIMITED BY GUARANTEE

The company is limited by guarantee and as a consequence each member's individual liability is limited to £1. There were 29 members as at 31 March 2024 (2023 - 25).

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RELATE MILTON KEYNES

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

INCOME AND ENDOWMENTS
Donations
Fundraising and donations
Investment income
Investment income and interest
Other income
Sundry income
Charitable activities
Counselling income
Mediation income
Income from trading activities
Grants and contracts
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Rates and water
Insurance
Light and heat
Telephone and internet
Sundries
Marketing and advertising
Bank charges and interest
Equipment and IT
Premises expenses
Staff and travel expenses
Accountancy
Bursaries
Supervision
Federation charges
Related training charges
Mediation expenses
Freehold property
Fixtures and fittings		 2024
£
275
5,144
-
155,546
6,239
54,388
87,200
303,373
308,792
157,794
3,602
5,869
245
1,557
5,029
1,773
1,869
3,610
3,078
10,001
5,983
268
9,500
4,775
6,245
13,796
-
3,461
1,000
3,060
242,516		 2023
£
51
1,493
150
142,762
2,040
18,315
56,332
219,449
221,143
136,880
3,490
6,414
192
1,892
5,343
1,794
1,146
2,476
2,869
10,642
5,915
275
9,120
5,635
8,172
12,757
120
1,131
1,000
3,910
221,173

This page does not form part of the statutory financial statements

Page 18

RELATE MILTON KEYNES

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

Governance costs
Accountancy and legal fees
Total resources expended
Net income/(expenditure)		 2024
£
790
243,305
**65,487 **		 2023
£
324
221,497
(354)

This page does not form part of the statutory financial statements

Page 19