REGISTERED COMPANY NUMBER: 02796665 REGISTERED CHARITY NUMBER: 1018848 REPORT OF THE TRUSTEES AND DRAFT UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR Ef4DED 31 MARCH 2025 FOR RELATE MILTON KEYNES
RELATE MILTON KEYNES CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Report of the Trustees 1106 Independent Examiner's Report Statement of Financial Activities Balance Sheet 9tolO Notes lo the Financial Statements 1110 17 Detailed Statement of Financial Activities 1810 19
RELATE MILTON KEYNES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 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 Ihc charity for the year ended 31 March 2025. The Itust¢¢s hav¢ adoptcd the provisions of Accounting and Reporting by Charities.. Statement of Recoinmended Practic¢ applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Jreland (FRS I02) (effective l January 2019). OBJECTIVES AND ACTIVITIES Principal Objectives and aetlvities Relat¢ Milton Keynes is an independent charity which supports clients through delivering relationship counselling for adult individua15, couples, young people and fan)ilies as well as psychosexual therapy for couples and individuals, irrespective of gender orientation. Our couples s¢rvice aims 10 use talking therapies to alleviate emoiional stress ¢aused 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 regardlcss of marital status. gender or orientation. In the past year, we have seen a noticeable increase in the r¢quirement for counselling services for children and young adults. The Child and Adolescent Mental Health serviee has contlDued to refer young people aiid fainilies to Relate Milton Keynes for counselling and coiitinued to provide funding support for the delivery of that coun5elling. benefilting young people who are experiencing difficulii¢s as a result of parental separation or adjusting lo changing fainily 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 lo be referred the CAMHS. As a result of this additional demand, Relat¢ Miltoii Keynes has been actively growing the numb¢r of ¢ounsellors available for work with children and families. Conscious of the Cost-of-living ¢hallenges faced by Inany in the community it seeks to serve, Relate Milton Keynes has continued to provide bursary support to clients who would otherwise be unabl¢ to pay for ils services. Benefilting froin a significant increase in revenue from a charity shop linked lo the charity, the Trustees will seek 10 extend the range of services available and to ensure that the services are available to all irrespe¢tive of individual financial circumsiance, Pag¢ I
RELATE MILTON KEYNES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 ORIECTIVES AND ACTIVITIES {eontinued) Principal Objectives and activities The charity welcomes all who live or work in the unitary authority of Milton Keynes and makes it serviccs available to all. The trustees, in reviewing service provision to the whole population of Milton Keynes have noted that the ratios of ethni¢ minorities using our services mirrors in large mcasure the ethnic diversity of Milton Keynes. In conjunction with the Relate national body. Relate Milton Keynes has adopted a poli¢y in relation lo equality, diversity and inclusion and 15 actively working lo in¢rease diversity and inclusion in all facets of the charity's operation. ACHIEVEMENT AND PERFORMANCE The overall sessions delivered by Relate Milton Keynes has increased by 160/0 to 3,692 sessions (2024.. 3,174 sessioiis). This includes: Fainily eounselling Adult r¢lalionship counselling Sex therapy Young people's counselling 475 sessions (2024.. 631 sessions) 2,329 s¢ssions (2024.. 2,265 sessions) 57 sessions {2024.' 177 sessions) 831 session5 (2024.. 101 sessions) The results of our outcomes survey for Relationship counselling clients revealed that: I OOO/o (2024.. 100 % ) rated their experience of Relate as 'very good, or'good, 100 / (2024.. 100 /Tr) would recommend Relate to others The surplus on the ordinary activities of Relate Milton Keynes during the year amounted to £56,158 (2024.. suiplus of £65,487). The principal funders during the year are as follows,. Client ¢ounselling and mediation income CNWL NHS re CAMHS Milioii Keyiies Council re CYP Wellbeing Incoine from trading activities The total funds held by the Relate Milton Keynes as al 31 March 2025 was £337,067 (2024: £280,909). FINANCIAL REVIEW Reserves policy The trustees have eslabli8hed a policy whereby the unreslricled funds not committed or invested in tangible fixed as5Lls held by the cl)arity should generally be expended within.3 and 6 months. This amounts lo a figure of between £61,519 and £123,038 in general funds. Ai this level, the Iruslee.4 feel that they would be able lo continue the current activities of th¢ charilv in tlie likely event of a significant drop in funding. It would obviously be necessary to Consider how the funding would be replaced or activities developed lo compensate. At present the general reserves (excluding designated funds) which amount to £193,879 are above this band. The trustees will keep this policy under Constant review. The trustees are confident that Relate Milton Keynes is able lo 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
RELA TE MILTON KEYNES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 FUTURE STRATEGY By supporting children, young people, families, parents, individuals, couples and organisatiODS both through counselling and training, Relate Milton Keynes continues lo take a holistic view of relationship support and is a leading early intervention, targeted, community based, front-line service provider in the city. Th¢ trustees of Relate Milton Keynes intend to develop a rolling three-year strategi¢ plan which will be infomied by an extensive revi¢w of key services and delivery methods being undertaken by the national Relate organisation in consultation with ils federated cenlres around England and Wales. Our key strategic goals, however remain.. To ensure the continuing delivery of Relaie's core services through electronic communicalions to the population of Milton Keynes. To make face-to-face eounselling available lo clients who need or prefer this forni of service delivery. To develop and find ongoing funding for the bursary scheme to make our service5 available to all, irrespective of ability To build and enhance the skills of the counselling team through further recruitment and development training,. 5. To ensure we maintain b¢st practice in implementing our policy for equality, diversity and inclusion in all facets of the agency's function5. In pursuance of those goals, the trustees have set aside funds lo implement a bursary scheme for those unable 10 afford the full charge for our services. The scheme has proved successful and the trustees will continue lo Consider ways of extending it and Inaking 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 15 a company liittited by guarantee, as defined by the Companies Act 2006. Meinbers of the charitable company guarantee to contribute ali amount not exceeding £1 lo the assets of the chariiable company in the event of winding up. The total number of gu8ranlee5 at 31 sl March 2025 was 28. 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 Offi¢¢. Page 3
RELATE MIL TON KEYNES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Executive Board The Executive Board should consist of a minimum of six and a maximum of cighiecn Meinberg, including the Chair Vice Chair 2nd Treaqurer, who are elected at the Annual Gcneral Meeting. The rem2ining Executive Board Membcrs are elected by the Members of Ihc Centre al the Annual General Meeting and shall hold office for a year bul shall be eligible for re- election. The chair's period of offi¢e shall be two years renewable to a maximum of eight years. The maximum peri()d on the Executive shall also bc eight consecutive years for all other Meinbers. The Excculivc Board may also co-opt UP lo two people, whether Inembers of the Centre or not, lo join the Executive Board. Any co-opted Member of the Executive shall Cease to b¢ a co-opted Meinber if he/she becomes ali elected Meinber. The Executive Board currently comprises the three offiLers plus three Iruslees elected at the Annual General Meeting (two oih¢r trustees elected at the Annual General Meeting having resigned in the course of the year.). Remunerotion Relate Milton Keynes operates a remuneration policy whereby an annual percentage award is considered for all directly employed staff. from I sl April each year, and that the individual percentage be so calculated lo include.. a) Financial performance of the organisation as a whole- and b) Personal perforniance of the einployee during the year under review. Given the size of the organisalion, the Iruslees do iiol believe thai a sel salary scale for each post is appropriate or beiieficial. As a member of th¢ Living Wages Foundation, Relate Milton Keynes ensures ils payscale5 are in line with the annual recommended increases in the Living Wage. The average employee headcouni during the financial year was 14 (full-time equivalent was 5). No einployees elirned in excess of £60,000 and the lolal remuneration paid to the key management personnel during the year was £50,827. During the period the trustees received no remuneration and no tru51ees claiined rein)bursement of expenses in this financial year (2024.. £nil). Risk management The Irusiees liave & duty lo identify and review the risks to which the Charity is exposed and lo ensure appropriate controls are in place lo pi'ovide reasonable assurance against fraud and error. The Iruslees have developed and ¢ontinue to m(Initor rolling Ihree-year 51rategic plan and regularly review slalus reports highlighting potential risks &nd priorilising actions. Internal risks are considered minimal by the implementation of financial procedures that are periodically reviewed lo ensure they are working efficiently. Page 4
RELATE MILTON KEYIYES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES, RESPONSIBILITIES STATEMENT Company law requires the trustees to prepare financial statements for each financial year. Under ¢ompany law the trustees musl not approve the financial statements unless they are satisfied that they give a true and fair view of th¢ stale of affairs of the charitable company and of the incoming resources and application of resources, including the incom¢ and ¢xpenditure, of the charitable company for that period. In preparing these financial statement5, the trustees arc requircd to.. select suitable accounting policies and then apply them consisienily. observe the methods and principles in the Charities SORP 2019 (FRS 102). make judgements and estiinales that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial stat¢inents1- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable a¢curacy at any lime the financial posilion of the charitable company and enable them to ensur¢ that the financial slatemenis comply with the Coinpanies Act 2006, They are also responsible for 4afeguarding the assets of the charitable company and h¢nce for taking reasonable steps for th¢ preveiition and d¢teclion of fraud and oth¢r irregularities. In so far as the trustees are aware.. there is no relevant audit infomalion of which the charitable company's auditor is unaware. and the trustees have taken all sieps that they ought to have taken to make themselves aware of any relevant audit information and lo establish that the auditor is aware of that infonnalion. The charitable company's irustees consider that an audit is not required for this year (under seclion 14412) of the Act) and Ihal an independent examination is required. Page 5
RELATE MILTON KEYNES REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 02796665 Registered Charlty number 1018848 Registered office 47 Aylcsbury Street Wolverton Milton Keynes MK12 5HX Trustee$ G Andrews J Annison D Aslam N Axlell K E Lewington B Miangar H Moore V Patent ESPope K Sinitli T Taylor C A Walsh H Williains appointed 19 December 2024 appointed 05 September 2024 resigiied 19 Deceinber 2024 resigned 19 December 2024 r¢signed 19 December 2024 appointed 19 Deceinber 2024 resigned 07 April 2025 appointed 19 De¢ember 2024 resigned 19 December 2024 Independent examiner Harris & Co (Accountants) Limited 2 Pavilion Court 600 Pavilion Drive Norihainplon NN4 7SL Approved by order of the board of trustees on i& 0)C_ 2025 and signed on ils behalf by.. B Miangar- Trust Page 6
INDEPENDENT EK4MINER'S REPORT TO THE TRUSTEES OF RELATE MILTON KEYNES Independent examiner's report to the trustee$ of Relate Milton Keynes ('the Company,) report to the charity trusiees on my examination of the accounts of the Company for the year ended 31 March 2025. 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 8atisfied myself that the accounts of the Company are not required lo be audited under Part 16 of the 2006 A¢1 and are eligible for ind¢p¢ndent examination, I report in respect of my examination of your ¢harity's accounts as carried out under seetion 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the directions given by the Charily 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 lo my attention in connection with the examination giving me cause to b¢lieve'. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act,. or the accounts do noi accord with those records. or the account4 do not con)ply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the a¢¢ounls give a true and fair view which is not a matl¢r considered as part of an independent examination. or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recominend¢d Practice for a¢¢ounting and reporting by charili¢.s [applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)]. I have no Coiicerns and have come across no other Inallers in connectioii with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. Sarah Buswell FCA Harris and Co Cliartered Accountants 2 Pavilion Court 600 Pavilion Drive Northampton NN4 7SL Dale.. i& rjoc. of 2025 Page 7
RELATE MILTON KEYNES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 202S Total funds 2024 Total funds Unr¢stritted funds R¢stricted fund5 Notes INCOME AND ENDOWMENTS FROM Donations Charitable activities Income from trading activities Counselling income Mediation income Grants and contracts Envestment income 71 71 275 65,028 153,168 65,028 153,168 4,355 97,000 54,388 155,546 6,239 87,200 97,000 Total 229,873 97,000 326,873 308,792 EXPENDITURE ON Charitable attivities Staff costs Gov¢rnanc¢ costs Sundries 167,612 1,172 23,721 191,333 1,172 167,265 790 919 Total 246,075 24,640 270,715 ?43,305 NET (EXPENDITURE)IINCOME (16,202) 72,360 56,158 65,487 Transfers hetween funds 79,752 (79,752) NET MOVEMENT IN FUNDS (7,392) 56,158 65,487 RECONCILIATION OF FUNDS Total funds brought forward 251,517 29,392 280,909 215,422 TOTAL FUNDS CARRIED FORWARD 315 067 337 067 280 909 CONTINUING OPERATIONS All in¢ome and expenditure has arisen froin continuing activities. The notes fom] part of these financial stateinents Page 8
RELATE MILTON KEYNES BALANCE SHEET AT 31 MARCH 2025 2025 Total funds 2024 Total funds Unrestricted funds Restricted funds Note FIXED ASSETS Tangible assets Investments 21 JSO 21,350 23,256 21 J54 21,354 23,260 CURRENT ASSETS Stock5 Dcblors Prepayinents and accrued income Cash at bank and in hand 50 48,210 3,575 259 874 50 48,210 3,575 283 251 50 51,317 10.541 216,877 io 23 311,709 23,377 335,086 278,785 CREDITORS Ainouiits falling due within one year (17,996) (1,377) {19 J73) (21,136) NET CURRENT ASSETS 293 713 315 713 257 649 TOTAL ASSETS LESS CURRENT LIABILITIES 315,067 22,000 337,067 280,909 NET ASSETS 315 067 337 067 280 909 FUINDS Unreslricled funds Reslricled funds 12 315,067 251,517 TOTAL FUNDS 337 067 280 909 The notes form part of these financial statements Page 9 continued...
RELATE MILTOIY KEYNES BALANCE SHEET- CONTINUED AT 31 MARCH 2025 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not required the eompany to obtain an audit of ils financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ¢nsuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each finan¢ial year in accordance with the requireinenls of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial sialemenls, so far as applicablc lo the ¢harilable ¢ompany. (b) These financial statements hav¢ been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to charitable small companies. The financial statemen15 were approved by the Board of Trustees on by.. 2025 and were signed on ils behalf angar -Trus V Patent -Tru51ee The notes form part of these financial statements Page 10
RELATE MIL TON KEYNES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES BASIS of preparing the fin4n¢ial 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) 'A¢counting and Reporting by Charities: Statement of Recommended Practice applicable lo eharilies preparing their aceounls in accordance with the Financial Reporting Standard applicable in the UK and Republie of Ireland (FRS 102) (effective l January 2019),, and the Companies Act 2006. The financial statements have been prepared under the historical cost conv¢ntion with the exception of investments which are included al market value. Golng eoncern Tlie Trustees have performed a robust analysis of forecast future cash flows taking into account any potential impacts on tlie charity. This analysis also considers the effectiveness of available measures to assist in Iniligating the impact. Based on these assessment5 and having regard to the resources available lo the charity, the Trustees have concluded that Ihey 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 lo Ihe funds, it is probable that the income will be r¢¢¢ived and the amount can be measured reliably. Expenditure Liabilities are re¢ognised as expenditure as soon as there is a legal or constructive obligation committing the charity lo thai expenditure, il is probable that a transfer of economic benefits will be required in seiil¢inenl and the ainounl of the obligation can be Ineasured reliably. Expenditure is accounted for on an a¢¢ruals basis and has been ¢lassified under headings thai aggregate all costs related 10 the category. Where costs cannot be directly aitribuled lo particular headings they have been allocated lo aciiviiies 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 a55el over ils estimated useful life. Freehold properly Fixtures and fittings Sti'aighi line over 50 years Straight line over 5 years Stocks Stocks are valued ai the lower of cost and net realisable value, after making due allowance for obsolete and slow- moving items. TaxAtion The charity is exempt from corporation lax 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 Ihe 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 ea¢h fund is included in th¢ notes to the financial statements. Pension costs and other post-retirement benefits Thc charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged lo the Staleinenl of Financial Activities in the period to whi¢h they relate. Pag¢ll
RELATE MILTON KEYNES IYOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 INVESTMENT INCOME 2025 2024 Investment income and interest NET INCOMEI(EXPEIYDITURE) Nel incomel{expendilure) is stated after chargingl(crediling)'. 2025 2024 Depreciation - owned assets TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year enda 31 March 2025 nor for the year ended 31 March 2024. Trustees, expenses No Trustees claimed reimbursement of expenses during the year ¢nded 31 March 2025 (2024.. £nil). STAFF COSTS The average monthly number of employees during the year was as follows: 2025 2024 Adn)inislrative Counsellors io io 14 14 No employees received emoluments in excess of £60,000 in either 2025 or 2024. Page 12
RELA TE MILTON KEYNES NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations Charitable activities Income from trading activities Counselling income Mediation ineoine Grants and ¢onlra¢ls Investment income 275 275 54,388 154,546 6,239 57,200 54.388 155.546 6,239 87,200 30,000 Total 278,792 30,000 308,792 EXPENDITURE OLY Charitable activities Staff costs Governance Costs Sundries 166,750 790 515 167,265 790 93 TotAI 242,697 608 243,305 NET INCOMEI(EXPENDITURE) 36,095 29092 65,487 Transfers between funds Net movement in funds 36,095 29J92 65,487 RECONCILIATION OF FUNDS Total funds brought forward 215,422 215,422 TOTAL FUNDS CARRIED FORWARD 251517 280 909 Page 13
RELA TE MILTON KEYNES NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 TANGIBLE FIXED ASSETS Freehold Fixtures and property rittings Totals COST Ai l April 2024 Additions during the year 50,000 27,833 77,833 Ai 31 March 2025 DEPRECIATION Ai l April 2024 Charge for year 28,000 26,577 906 54,577 At 31 March 2025 NET BOOK VALUE At 31 March 2025 350 At 31 March 2024 23,256 FIXED ASSET INVESTMENTS Shmres in group undertakings MARKET VALUE At l Api'il 2024 and 31 March 2025 NET BOOK VALUE Al 31 Mai'ch 2025 At 31 March 2024 Rclal¢ Milton Keynes is the ultimate ¢onlrolling party of MK Coinmunity Shop (Shenley) Limited, a registered company (Nuinbei. 0279823 8). There were no assets invested outsid¢ th¢ UK. STOCKS 2025 2024 Stocks 50 50 io. DEBTORS." AMOUIYTS FALLING DUE WITHIN ONE YEAR 2025 2024 Ti'ade debtors Other debtors 145 4,908 51,317 Page 14
RELATE MILTON KEYNES NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 ii. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors Tax and social security Other crediiof5 A¢cruals and deferred income 7,600 2,804 3,723 2,365 15,044 21,136 12. MOVEMENT IN FUNDS Net Transfer$ At 1.4.24 movement in between funds fund$ At 31.3.25 Unrestrficted funds General fund Designated funds: Bursary fund cyp OU Challenge Restructure costs Fixed assets 140,533 (6,351) 59,697 193,879 6,000 25,000 (5,025) (2,920) 5,025 2,920 15,000 (6,046) 6,000 25,000 15,000 SO,682 56,728 251517 16 202) 315 067 Restricted funds CAMHS CYP - Wellbeing 39,595 (25,245) 54 507) 14,350 79 752) TOTAL FUNDS 280 909 337 067 Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund Designated funds.. Bursary fund cyp 229,873 (236,224) (6,351) (5,025) (2,920) (5,025) (2,920) Fixed assets 229 873 246 075) 16 202) Restrieted funds CAMHS CYP- Wellbeing 50,000 (10,405) 14 235) 39,595 32,765 TOTAL FUNDS 326 873 270 715) Page 15
RELA TE MILTON KEYNES NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 12. MOVEMENT IN FUNDS - continued Comparatives for movement in funds Net Transfers movement in between funds funds At 1.4.23 At 31.3.24 Unrestricted funds General fund De8ignated funds: Bursary fund cyp 113,049 44,930 {17,446) 140,S33 6,000 (4,775) 4,775 25,000 (J1,60S) (724) 6,000 25,000 56,728 23,256 Restructure ¢osts Fixed assets 68,333 28,040 (4,060) 215,422 36,095 241,517 Restricted funds CYP- Wellbeing 29,392 29,392 TOTAL FUNDS 215 422 2140 909 Nel movement in funds, included in the above are as follows., Incoming resources Resources expended Movement in funds Unrestricted funds General fund Designated funds.. Bursary fuiid Fixed assets 278,792 (233,862) 44,930 (4,775) {4,775) 278,792 Restricted funds CYP- Wellbeing (242,697) 308 792 243 Page 16
RELATE MILTON KEYNES NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 13. RELATED PARTY DISCLOSURES The company received a covenant of £59,028 (2024 _ £49,988) and a manageinenl charge of £6,000 {2024- £4,400) from its subsidiary, MK Community Shop (Shenley) Limited. The balance at the year end due from MK Community Shop {Shenley} Limited was £47,377 (2024 - £46.409). 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 GUARAIYTEE The company is limited by guarantee and as a consequence each member's individual liability is limited lo £ l. There were 28 inembers as al 31 March 2025 (2024- 29). Page 17
RELATE MILTON KEYNES DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 INCOME AND ENDOWMENTS Donatlons Fundraising and donation5 71 275 Investment income Inv¢%tment income and interest 7,251 5,144 Charltable Activities Counselling income Mediation income Income from trading activities Grants and coniracts 153,168 4JS5 65,028 155,546 6,239 54,388 319 551 -303 373 Total incom5ng resources 326,873 308,792 EXPENDITURE CharltAble &c¢iviti¢s 177,605 4,991 ,737 286 1,630 4,913 2,139 2,056 1,560 3,189 9,913 7,865 653 10,530 5,02S 6,260 14,677 2,245 3J63 I,000 906 157,794 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 Social security Pensions Rates and water Insurance Light and heal Telephone and internet Sundries Marketing and advertising Bank charges and interest Equipment and IT Preinis¢s expenses Staff and Iravel expenses Accountancy Bursaries Supervision Federation ¢harges Training Charges Self employed counsellor fees Freehold property Fixture5 and fittings 3,461 1,000 269,543 242,515 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 2025 202S 2024 Governance costs Accountancy and legal fS 790 Total resources expended 270,715 243,305 Net incomel(expenditure) 65,487 This page doe5 not form part of the statutory financial statements Page 19