Charlty registration numb•r 1119304 Company rnglstratlon number 05982564 (England and Wales) MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
MILTON KEYNES CHRISTIAN CENTRE {A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mark Sherratt, Senior Pastor Virginia Brown Peter Takacs Omotayo Kufeji. Chair Joseph Amaeze Jon Keel Gabrielle Osel John Els Sg¢r•tary lan Balrd Charlty number 1119304 CompaDy numbor 05982564 Règister8d offic• Strudwick Drive Oldbrook Mlllon Keynes MK6 2TG Auditor Crouchers Limited 1 Copperhouse Court Caldecotte Buslness Park Millon Keynes Buckinghamshire England MK7 8NL Bank•rs Natwe$t Bank PIC 501 Silbury Boulevard Saxon Gale E051 Mitton Keynes MK9 3ER Solicitors Geldards LLP Dumfries House Dumfries Place Cardiff CF10 3ZF
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) CONTENTS Pag• Twslees, report Independent auditoffs report 14-17 Consolidated statement of financial activib'es 18 Con801idaled balance sheet 19 Charty balance sheet 20 Cortsolidated stalem8nl of cash flows 21 Notes to the finarrial $lalements 22-32
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees present their annual report together the audited financial ststements of the Charity for the year from 1 January 2023 to 31 December 2023. The Annual rtport seNes the purposes of both a Trustees, report a d1ctOrs, report under company law. The TTuslees confirm that the Annual report and financial ststements of th8 Charitable company comply with the current stalulory requirements, the requirements of the charitable companls goveming document and the provisions of the Statement of Recommended Pradice ISORP) applicable to charities preparing their aecounls in accordance with th& Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS1021 leffectNe 1 January 2019). Since the group and the Charlty qualify as small under section 383 of tho Companies Act 2006. the Group str*egi report required of medium and large compani&s und8T th8 Companies Act 20L% {Strate9ic Report and Directors, Report) Regulations 2013 has been omitted. Publlc b•n&fit The Trustees gfe aware of the Charity Commissicffl's guldance on public benefrt in advancement of religion for the Public BeTref and r¢gularfy review all activities lo ensu they are per the aims and objgcts've$ of the charity- TheTruslees have also ¢on$idered the Ch8rty Commission's guidance'public b8nefft.' running a charity IPB2}'. Milton Keyne5 Christian Centre {MKCC) provides banefft to the public Ihrough its provision of public worshlp facilitie5, pastoral care and disciplèship courses and community initiativgs - both for e$ting MKCC partners and th95e from our community who wish to benefit from what we offer. MKCC promotes Christian values and encourages our partners lo actively serve others wthin their local communities and wider afield for the benefit of $¢¢iety as a whole. Details of our activrties and the public benefit w8 provided throughout 2023 are detailed below. ObJ8Ctives and activities Milton Keynes Chrfslian Centre exlsts for the benefft of the public. Our ch8ritsble purw$e$ 88 set c4Jl In the objects contsined in our memcrandum of association are to.. advance the Christian faith., relieve sickness and financial hardship and promote and preSee good health by the provison of knds, g¢J)ds or services of any kiThJ induding through the provision of counselling and support.. and advance education. Our vision staternenl 8t MKCC is lo'Bring peoFAe to Jesus 8nd to equip them to fully devoted foloweTS of Chrisr. Our values are.. We're passionate about people- Lost people matter lo God. so they musl matter lo us. We're committed lo community- We do life together. building 8 loving community. We're moving toward5 maturity- We have made an intentional commitment to grow up in Christ. We're saved to serve - We arè simply God's 8eThanls doir@ what he oquipp8d us to do and watching him make the difference. We'rè forgiven lo forgfve - We 11 share radical grace with others in the same un¢omprom181ng way we re1veCE it from Christ. We're given to generosity - We wll lead Ihe way with irrational generosity, we truty believe It k% more blessed to give than receive. We're bringing our best- We wanl lo ex¢el in èll that we do so that we Insplre others. horUr God and bring smile to His face.
MILTON KEYNES CHRISTIAN CENTRE {A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Our slralegic vision inspires u$. Over the nèxt five years. we gee ' A church that is for our uty. positioned in the knrt of our commuiNty.' a L*urch that is constsrfy celebrating people ma.ng decisions for Christ and growing in God. A church family outs•rking a unffied vision to reath the nexl generati¢X (equipping parents to bo the primary influence on their child's spirilual formation). A church making an impacl QLrtside the walls of our building - in our communty. nation and around the wortd (sharing the Good News and meeting practical need51. A church committe(I lo equlppirg people for everyday, ordinary life Iproviding ideas, resources and events to empower people lo exp8rienc• healthy relationships. lead and impact in every sphere of life and grow in God A church where Jesus is famcojs arKI all the glcry goes to God. MKCC is a fomily church that welwn¢$ everyone to join us at one of our Sunday worship services. In adOn lo altending Sunday services, we en¢ourage everyone lo engage in a Life Group and meet with others at18asl once a month, building of communty and enabling pe¢Jple to do lrfe together. Other core activities indude our children arKI youth Ministr$, senior citiz8ns meetings, discipleshlp courses, a parent and toddler group and a food bank distribution cenlre. There are numerous Opportunities for individuals lo volunteer their time serving localty or further afjeld in Projects throughoLrt the world. MKCC OFerates Tiny Steps Day Nursery, provides 8¢commodalion and seeks to make the best use of our facilities through the provision of a Coffee Shop and conferencing services. MKCC provides financial support and provision of facilrties to partner organisations Into The Community, registered charity no. 1084287, and LightForce International, registered charty no. 1050871, to fulfil mission objectiV8S.
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEM8ER 2023 Achlevements and performanGe Sunday s&rvle•$ 2023 has been a conlinu8d y8ar of growth with an average of 1.239 Indlvlduals attending one of our three adult gr children's in-person ¢hur¢h services, an increase of 37.8% on 2022 attendance. An average of 144 pgople also joined u¥ online each week. An average of 244 kids attended our Discovery Kids 8ervice8. An incredble 2,000 indwiduals participated in our E8$ler weekend seNice5 in-person or by vlewing online whilst 1,656 look in our Christmas Eve services. In 2023, our18aching team sceSSfullY implemented a well-rtsunded and biblically grounded Curriculum. which w8S enlhusiasticalty embraced by thurch partners 8nd Msitors alike. This curriculum ploys an integral role in our overarching strategy to achieve our vision of fostering spiritual growth, both individually and as a ¢ommunty. We are grateful to all who serwe faithfully wthin our communicalions and cr8alive arts team.. leadng our church in worship, operating audiovisual equipment, lights, or video camera$ and all involved in our production team that works hard bèhind the scenes. Together the team enables us to prowde an environment in which worshippers can focus on God encounter Him for themselves through corporate worship arKI li$lening to the teachlng of God's Word. Some 99 volunteers served In thls area of ministy Ihroughoul the year. Dlsclpleshlp In 2023, we welcomed a full-time Connections Pastor to our tsam, lasked th overseelng Life Groups, Pastoral Care, and Connecbons. This addition has proven to be highty beneficial, placing a strong emphasis cffi maintaining vibrant groups and providing care. The Connectrons Pastor has successfully assembled volunteer teams lo enhance rare and foster connections wthin our expanding chufch famlly. Additronalty, efforts have been invested In strengthening our Life Group mini5ty. These groups. typically hosted In home5, play a pivotal role in nurturing a sense of belonging and fell¢)wship. They serve as an embodiment of our vision lo equip people lo become ftjlly devoted followers of Christ. While engagement levels are not yet where we aspire them to be. considerable progress has been made in revitalizing a healthy and flourishing Life Group strLKture. Flrst Improsslon$ Our First Impressions ministy served faithlty over the year as we wamly received guests al our Sunday 8eNices. Currently. a dedicated team of over 200 volunteers generously serve in various capacities, including the car park, welcome team, guest lounge, and cleaning team. Throughoul the year, our volunlggr team leaders have diligently ensured the well-being of their volunteers by organizing approciation ovenls $u¢h as team B8Qs, bre8kl8st gatherings, and social outings. Paslordl care ThroughoLrt the year. we have wtnessed a rise in applications for assistsnce from our MKCC Benevolenee Fund, resulting Sn the dislributs.on of £9,IA6 to families and individuals within our church communty facing hardship. Thi8 fund is made possible by our annual all-in c£Mgn. lo alleviate financial need among our church membef8. The support provid8d has irlded the provision of 8upermarkel vouchers, offering individuals the dignity of Ghoice while easing financial burdens. Additionally. finanual assistance has been extended in certain cases. One family we aSsIst expressed their Inrtlal reluctance to seek help, feeling ashamed of their circumstances. However. follovAng a sudden Job loss, the Benevolence Fund provid8d crucial support during this challenging period. Thè re¢ipienl$ were deeply gr8telul lo the church community, realizing Ihe SignifinI impad of giving on someone's Itfè. Our Sunday Prayer and Pa51oral care teams offer ongoing support lo individuals f8ung various challenges. By eonsislently following up on prayer requests CeIVed by the church, we have identified common themes, such 88 an inereased nee¢J for employment opportunities. In response, we have not only offered prayer support bul also connected indiwdual$ with relevant expertise in HR and recruilmgnt, providing both spiritual and practical assistsnce and care.
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Next steps In the period spanning from January to Decembef 2023, our church experienced signrfieant growth. vith 468 new adults added to our churchsuite datsb8se. This surge in newcomers highlighted a botljenedt In our pn)ce8s for weleoming new guests, Frnpling us lo rea8sess our approach. IAÈ extend a warm invrtation to all new guests to join us for Dur 'New Friends, lunch, where they can connect others in the church communty. Thi$ is followed by an invitation lo our membership class. To dale. our focu5 has been on measuring membership numbers, and ¢xrrently. we have 506 partners. However, we are now shifting our focus lo measure th8 lev81 of engagement indth"duals have wthin the church. Presenuy. there a 867 Indlviduals involved in lrfe groups. serving on team$. or contributing finandally wthin the past 3 months. Throughout the year, we celebrated three Baptism Sundays in April, July, and Nov8mber, during whith a totsl of 54 indNiduals publidy affiTmed their faith- 25 adults and 29 childrenlyoung Peo0. 11 was truly in$piring lo wthess the tran$formalive iMt of Jesus and their faith on their lives. Local mlsslon- forMK This ret*%t detail$ the impact of forMK's community engagement efforts throughout the challenging year of 2023. Dgspil8 the grip of the national economic Cri$, the unwavering generosity and compassion of our Church famlly enabled us to extend a beacon of h¢)pe and support to those in need in our city. Through our annual Be-Rich campaign and match funding from our 'Alkln Communty, budget, we eslabli$hed the forMK Crisis Support Fund. lotalling over £27.000. Through refeiral from community & charity agenci and partners. this fvnd provided vital assi$lan¢e to individuals who had exhausted all other means of financial support, wrth over £10,000 allo¢aled betsveen May and December. The remaining funds will conlinue to benefit wr ccfflmunty in 2024, addressing the in¢reasing and ongoing cost of living criss. In the are8 of Crime and Safety, we organized community consultation meetings Wrth Thames Valley Police, addr9ssing cla1 issues such as the Ra Artion Plan. Section 60 Orders. and 'Slop and Search, prdUreS. These events faalitated dialogue and understanding, strengthening relali(M)ships between the Police Servi¢e yth both adutts & young pe¢)ple in our ¢ommunty. In teims of supkx)rting the elatiOn and welkbeing of the Nexl Generats'on, we invested in initiatives such as knife crime education for schools and provided funding for sch¢JoI resources, travel funds, and behavioural incentive schemes to secondary h0O15 auoss the City. Over the summer break. our financial input facilrtaled holiday trip5 for 53 Young Carers, gffts & incentives frjr 70 children aged under 12 at a local summer camp, and 217 places al a youth sports camp for young people aged 12-16. These efforts almed to eng8ge and empower young people and provide them with opp)rtunities for gr¢)wth. development. and well-being. Concerning our Poveity & Dlsadvantage relief, In collaboration with Campbell Park Parish Counol, a core team of forMK volunteers welcomed and served 554 portion$ of free soup and rolls alongside refreshments, through our wami spaces inrtialive. This inrtialive provide¢J warmth. nourishment and the opportunty to build relationships wth members of our communty dunng the colder months of February and Marth 2023. Throughout the year. we lunded community rnovie nights, half-teryn brunthes. and Christmas events, organised by our MKCC Children & Families team all of which provided support. ongoing engagement, and fvn to families facing financi hardship and isolation. Additionally, our partngrships & collaborations wth.. Foodbank MK, enabled us lo eontribule to iniliabves such as the Guinness World Record achievement fcf the longest line of fotsa cans and th&r Reverse Advent campaign, which posf(wely impacted those affected by lood poverty & insec#Jrlty. Age UK MK and MK Counal's supwrt8d housing cenlres, allowed u$ to reach over 160 older residents with gifts over Christmas and piowde fijnding for domestic services, safety & security work and me81 deliveries for older people with limited funds. Loc81 Schools and Children & Famity ntres. alloweij us lo identlfy and aswsl over 100 families in hardship with gifts, and distribute food hampers and shopping vouchers. Prison Fellowship and Wotsdhill Prison, enabled us lo support prisoners and Ihair familias across the region through projects like Angel Tree and our MKCC prison outreach services.
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT IINCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 In conclusion. through ongoing Communication, collaboration, ènd the eolleetNe •¢ti¢n of our Church community. forMK has effeetively dlsrdayed dedlcalion lo seeking OLrt and 8eNing the diverse needs of our City and as a result. we have enhanced our reputation as a symbol of generosty and love acr¢)ss Milton Keynes. Moving forward. we will remain ¢x)mmitted to maintaining a steadfast and consistent effort lo make a tangle dbfference in he lives of those around us arKI FOR our City. Chlldron Discovery Kids exists to'encourage every child to dig deeper and discover Jesus for themselveg" through the filler of our four values.. Fun, Safety. Relalionshlps. and Age Appropriateness. We achiève this through several programs that run throughoul the week and calendar ye8r, including Sunday Discovery Kids seNices tsilored to four age- appropriate settings, Wednesday DK Groups18chool year-baseé small groups meeliny weekly during temi timel, and our ministry for children adOnal needs, Konnecl, which ensure8 that every child can enjoy Discovery Kids at their level. Throughout the yw. we h¢)Sted numerous events for ¢hildn aged &11. We held Easter and Christmas 8peci818, both of which sold out with well over 200 children in attendance. Our annual pvzza party provided a fun and safe altemative to Irick-or-trèatiry for over 220 children. In August. we organized Summer Smash. a week-long aotivty extravaganza for 5.11-y8ar-old¥, with 95 children attending ea¢h day. We offered a range of on-site and off-site •th'vitie$, wrth Children having a fafttsstie time and parent$ expressing grglitude for the outstanding Gore provided and the exceptional value for money. 145 children enrolled in our DK Groups, which resumed in late September. Supported by 41 leaders toading 17 groups. fostering leaming, growth, and meaningful relationships among children. Discovery Kids partnered wth the forMK Team to deliver half-lem events targeting families struggling through the cost ol limng uisis. We provided 8 free brunch at MKCC or bmkfast kits for home, along with family hol dog and movie nights. whh were well-received by our Ioc81 communlty and church famlly. Durfng Christmas. we partnered wrth the forMK team and Itx81 primary s¢hool$ to prowde over 60 hampers for families in need, irKluthng vouchers for a local supefrnarkel. One h0o1 remarked that we werg'thg mo$t generous organization they had the pleasure of worknng wth." Our s.¥ Grotto welcomed over 160 communty families, offering a free, ¥gapPrOPriate gift, a thocolate Santa, arKI a Yamity pack. containing hot chocolate, games, u8fts, and a book. Discovery Kids Sunday services remain vibrant, eng89ing an average of 275 children weekly across four dassrooms. Our commitment lo 5nCluv1ty extends lo Konnect. %there 22 children receive one-on-on& support, and an addf(ional 5 children receive extra assistance wlhin their main classes. At Christmas, we cekqbrated with families, offering gifts as tokens of our love and support. Our Tuesday moming parent and toddler group continuès lo attract familles from the local commun6ty and helps to create 8 sense of belonging and togetherness. During 2023 we began lo work more dosely wtth local children's cenlres who have been sending in some practFlioners to offer help, guidance and support to families as well as rLm fun activities like baby discosl Youth Fuse, our ministy for secondary stLKlents aged 11 to 18 years, is where the fun truly ignilesl Our vision for Fuse 1$ all about "connecting young people to Jesus so they can treasure him,, and we make it happen through our corg values.. B81ong, Grow, and Be Real. Friday nights are the Prne time for Fuse actionl We host engaging activibes and a church service custom-tailored for young peDe. Throughout the year. we dive into topics like identity, Who Jesus 1$, battling doubts, embracing forgiveness, and nurturing mental heahh. Plus, we give some of our young people the platform te share their faith with peers-because 81 Fuse. every voice matter81 But wait, there's morel During the summer, we cranked up the heat with our first-ever Fuse conference. Wlh S9 youths joining us during the day and others joining in the evenings. we feasted together, dove into thrillin9 activilles. and provided the perfect atmosphere fory09 people lo explore their faith and discover their true worth.
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Our Sund8y Fuse zone conts.nues to work wdll Our dedicated team of fvsed leaders, see an average of 31 young people coning together during Sunday seTrices, forming connections. and maknng memories with Iheir bldIeS. Al Fuse, the energy is electric, and the frtendships 8rÈ forevèrl On average, 92 young p8op19 attended Fuse on a Frbjay evening and our Chrlstrnas Paty W 154 ywng people in att8ndance. Sensory Sulle ThToughout 2023, the Sensory suite has ¢onlinuad to seNe as a beacon of empowemienl and support wilhln our community. Its impact has been profound. reaching diversè groups and énriching the lives of countless individuals. On8 of th& mosl notable aspects of the sensory $uile'$ impact has be•n ts rola in education. School groups have ernbraced the opportunity to briThJ children with additional needs into the space, wllh lexhers and students alike rgporting Ihe beneficial experience to their learning joumey. Moreov•r, our partn¥rships with organisations like Maclnlrye and MK Council have allowed us lo continue to exlend oui support to ¢aregiver$ arKI families. The prowsion of dedicated sessitins has prode<l mud)4)eeded resphe and laxation. nurtuiing both the ¢hildr8n and thgir support nehvorts. The feedback from parents of chiklren ¥th SU81 Impalnnenls speaks volumes about the sutte's effectiveness. Il's heartening lo hear stories of increased confidence. enjoyment. and a sènse of belonging within the space. The sensory surte has become a cherished resource. filling a crurAal gap in our ¢ommuniV$ support nèts¥ork. One parent gav¢ f¢odba¢k saying.. 'Not found a space like this/sensory rDoffl in Milton Kèynes, $0 fèel priw1ed to hav8 such a gm8t space lor ourchildren to meetotherc17ildren wrth a wsion impaim7ent, in 8 sale and rnl&xlng sp8¢e'. As we lts¢k ahead, we remain Committed to fostèring thesè partnerships and exploring innovative avenues for collaboration. The sensory 5uile stands a$ a leslamenl to the power of community4riven initiatives, and we are dedicated lo continuing its legacy of empowerment and ndusion in the years to ¢omg. Senlors Time Out continues uniting senior cilizens within an enjoyable arnbnce to foster c8maraderie. offer support, 8nd extend compa55i0n. Regrettably, due to the advanced age demographic. OUT ministy moums the toss of five chèrished long-standing mèmbers this yèar. including who had recently reached the remarkable age of 90. Additionally, one Mem1, 8god m&r&ly 68, faced a terminal prognosis with limited time left. In response. we organized a heartfett surprise Ixrthday party, complete vlith ¢akes. balloons, and music from her beloved artist. Cliff Richard. A highlight of the event was a recorded message from Sir Cliff himself, expressing hi5 prayer5 and well wishes. Though bittersweeL the wKasion brimmed with bcilh joy and l¢ars, affirmin9 our dedicalion to uplifting one anothèr. Eartier in the y*8r, a representativ8 from the Council Housing Department W5Tted aw expressed admi181ion lor our actwNies, even conlemplaty'ng jolnlng us upon retirement next year. We were elated lo welcome six new indThiidu8ls to our community Ihls year, and we al$0 celebrated another 90th birthday with gusto. Our committed team persistentty èxtends lova and support to all mambers. ensuriro home and hospital vi5ils when nocessary. These effort5 are deeply valued by our attend8as, reinforcing Ihe signfficance of our weekty gatherings. FaGIIIUos The AcLommodation Unit, initially constructed as 8 training facilty lo house bible school students and thèir dassroom space, has fulfiled sever#1 purposes over the years. In recent lime$ the unit has provided single- occupancy accommodath?n for young professionals working thr¢ughoul thè eity. MKCC continues to rent out a propety in Oldbrook which made a small o)nlTibulion lo the running (xJ8ts of the cenlro. Throughout 2023 occupancy levol$ remained htqh generaling a rental income of over £82,81 Cl. hilsl fin¥nce generated from the provision of acLommodation assists in covering the gener81 runnlng costs of MKCC, such accommodation grealty benefits members of our local community who find themselves Sn greal need and often unable lo afford accommodation offered èlsewhere in Milton Keynes.
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Tlny SI•p8 Day Nurs•ry riny Steps is ¢ommiltèd lo establishing a nurturing enronment akin lo a "second" home, ensuring il exudes warmth and hospitality- Empltrying 8 'home fr¢m home. approach, we welcome children from the local and neighbouring Communities, 811owing them to ful engage In endching activities whilg foslgring independen¢e. imagination, and vocabulary development. Our staff Temain5 dedicated lo upholding high standards. proting po¥itsvity and understanding among Children. and encouraging empathy and appreaation for differences. Our "slay and play" sessions are a great suee8ss. and during 2024. we aim to exlend these sessions lo children who will be joining us later in thè year, facilitating the establishment of relationships with n8w f8milies. In 2023, our focus was on prèparing for Ihe Otsted, the wsit took pla on July 6th. Ofsled praised our manager and staff for their dedication to prcsviding aN ¢hildren with 8 positive leamin9 journey, noting the effective and enjoyable leaming programs we offer. They highlighted the inclusive environment of our nursery, where every child, including th058 with special needs. feels valued and fully engaged in nursery lrfe. Wrth only minor recommendations, we are proud of our achievements. We are Committed to refining our approac by darifying learning intentions for actmlies and enhanryng our mathemali¢s ¢urriculum to boost staff confidence in teaching mathematical concepts. To address this, we have ènrolled management in the "Mhs Championships" cour$8 offared by NDNA, which focuses on age-appropriate malhemolics and runs throughout the year. In August, we celebrated a milestone as we held our firstver outdoor graduation ceremony in our beautiful refreshed garden. Families enjoyed a ielaxed picnic almgsphere. wnarking a Memorab ottasion. As we enter 2024, our primary fo¢ is on addressing ts mathèmalics recommendation and fostering cohesion within our rnanagement team. We are actively Iraw)iny new staff lo ensure they meet our rigorous standards and expectations. MKCC Llmltod MKCC Ltd is a subsidiary company thal is wholly ned by Milton Keynès Chrislan Centre incorporate(l on 21 December 2015 and which commenced trading on 1st FebrLRry 2016. MKCC LTD'S main businos$ a¢tiviti¥$ ¢omws• th8 enterprise aspecls of Milton Keynes Christian Centre a¢tiwty including.. Conferen(ing and venue hSre MKCC Ltd's lurnover equated to £139,724 for the period 1& January to 31 Deeember 2023. making a trading Ios5 of £1.028. MK Conf•rnnclng MK Confor8ncing's primary purpose 15 to offer ¢onferen¢ing and èvenl servicès tts both local and national organisations, whilst utilising the facilitS of MKCC to generate thjnds. The surplus funds gener8led then gift- aided to $eNe Ihe vision and purposes of th8 charity and ensure donations received can be direded towards the lo¢aVglobal mission of MKCC. The business modal revolves around nurt[ng existing clientele. which includes k)cal govemment agenaes and their partners, variou$ $&¢tors of lh8 NHS, and other commercial dients. while also activèly engaging wrth new business and commeraal dienls. Despite some of Ihtr challenge$ faced po$l-pandemi¢ and bwth the cost of living rs15, MK Conferencing had a profitable year, while falling short of the expècted target. In light of some of the challenges faced across the industry, MK Conferencing had some su¢¢ess as th8 industry started to settle down into a new normal. The team adapted to the changing landscape of confeiencing and dienl behaOur. in¢luding shorter lèad time on bookings, and working with clients who had an increasingly reslrided budget. Additionally, lo support key workers. room hire continued to be provided al a discounted rale to NHS. Councils. Ch8ri1195 and Stsl4rtory B¢di¢$ for facilitating training. Significanl facto
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT> (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 MK ConferenrAng had sowv staffing challenges in the first pari of the year and ¢ombinÈd with increasing costs. led to a disappointing first half of the year. ¥Mrth a Seltled team from Juty onwards, we had a rn0 solid end to the year. h the team now settled again. we have every reason to believe we will have a more successful 2024. While business levels were not where they were In 2022, we had a Su8$5[1 to the year w((h good momentum lollowing Ihrou9h to tho start of 2024. MK Conferenang was able to ¢ontribute an amount of £24.633 lowaids the ovetheads which was able to offset some ofthe onIng (%Jsts and earfy trading ofthe Coffeo Shop. New Day Cafélstrudwick The day40-day running of the Coffee Shop h8d been outsourced to New Day Cafè who ended Ihelr nAnning of the coffee shop at the end of May. Following on from this, il was dwd8d that we WOLld reopen the café inltrrnally under the previou$ name of stru¢iCks. There were inrtial setup and training co$t$ whi¢h Igd lo Strudwicks making 8 loss of £23.622 for the year. Sales increased month on month giving cause for 8n Optimist ouuook for 2024. The Coffee Shop continues lo act as a reception point loi the building. providing a warm welcome lo the local cornmunity. 11 also 5erve$ as a $af space for local charities lo meet wlh t1r ents_ Additionally, the oJffee shop & foyer have been ulilised to welcome various groups, such as a lob seekers group, 8 weekly support meeting for parenls of home-sthooled childien, and thariiio$ lik8 Ma¢lntyre, providir4J Space for children and young adults with additional needs. Du8 to the lower-than-expected perforrnance of the Confgren¢ing Department combined with the selting up and opening of the Coffee Shop. the trading company had an overall deffieil for yeor. The projections for 2024 do have the Coffee Shop making a b$8, however. we feel it is an important part of our venue and elhos both as a limited company and as a d)aritable organisation and so will seek to cover any lossas through the profil gener8led by MK ConferencAny while seèking to make a positive financial contribullon lo the organisafjon as a whole.
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Flnncl•l r¢vl•w Tlth¢$ and Off•rfng$ Having exceeded one mill pouMl$ for the first Ilmg In 2022, givlng lo unde$ignatod funds reached a of £1,108,126. This rem#rt¥ble •¢hievemenl indudes Grft Aid of £192,613. All In Beyond our regular gmng through Trthes and Offerings. we also contributed lo various designated funds that made a SignifinI imp8¢t on the lives of individuals within our church community. in the city of Miknn Keynes. and beyond through our partnership with ghtFOr¢ Intemational. In total. induding gift aid, we gave £148.425 lo these important cau3es. All In- B•n•¥ol•nc• Through the Benevolence Fund. we have helpsd ¢ountle$$ people in our thureh family and beyond. We had the prfvilege of assisting an individual through our fund. who had been facing Smmense thallenges. This perSC was a newcomer lo our thurth and one Sunday, when they oa¢hed a bre8king polnl, one of our volunteers stepped in to offer assistance. After learning aboul their struggle5, the volunteer arranged a supemarket vou¢her from the fund. The volunteer had the joy of taknng them to the supermarkei to redeem the voucher. This 8Ct of kindness onsured that the person had access to food for the next month without any financial burden. Thè impact of our inlerventK)n was profound, as tha person who had rnm8 to our churth feelirvj hOleSs. was left with a renewed sense of hope and a bright $mile on their f8¢e. Our offorts not only met their immediate needs but also connected them Mlh someone willing lo walk alongside them in theii journey. 11 was a humbling experience lo witness the power of compassion and generosty in transforming Iivos. Global knpa¢t In 2023, we had the privilege of investing £127.948 induding £74.048 from All In. overseas miss1t through our partnership with Pastor George and LpjhIFor Inlernalion81 in Uganda and India. Our inveslmenl has Ènabled Pastor George and his team lo continue their irwaluable work in Ihese countrSes, prowding vital resour¢%S and support to those in need. From empowering young people in Uganda to promoting educa110n and htrallh¢are in India and Albania, our investrnent has helped to rnake a rneaningful difference in the live5 01 countless indiwdua15 and counIties. In November 2023. Pastor Mark had the opportunity to Visit the LighlForce base in Uganda and was deepty moved ty the Inuedia impa¢t of our gwing on Ihe cLJmmunity of Lira. During his visit, he had the prfwlege of attgnding a joyous eAlebr3tion wth over a thousand guests, induding local dignrtaries. as they honoured the graduates from our day nursery. prlmary sthool, ¥nd agrrultural College. Pastor Marys Msit lo the LightFor¢e base in Uganda was a testamenl to the incredible work being done by I organizalion, and a reminder olthe Itansforrnative power of gimng and compassion. For MK Our members, genero$ty allowed us lo respond to community ne8ds through a variety of iniiialive8." In response lo the cost ol Iving crisis, £802 was spent Imalth fund&d by Campb&ll Park Parish Council) creating a community'warm space, al MKCC serving Soup, rolls and réfrèshments. £7.SOO was allocated to provide halplerm brunches, breakfast pack giveaways, Community movte nights. and Christmas MMunity events organised by MKCC'S families team. A total of £4,817 was distn'buted to schools in MK in support of Student incentive programmos, transport funds pur¢haslng equipmgnt for sludenl$ unable lo afford their own. £350 was gifted to the charity NutnTroops to purchase gifts and prizes for the children aged 6-11 years attending their 2-weok free summer ¢8mp in Fishermead. Milton Keynes. £2,000 wa5 donated lo the 5 On11 Foundation thartty in support of thgir fund ènabling 12-18 year-olds from across Milton Keynes lo attend the Summer H8atth Advilies and Food Scheme IHAFSI for 2 weeks. £658 donated lo MK CareTS Ill SUPPOrt of their work prowdlng holiday actiwlies for 50 young caTer5 and an opportunty to build relationships wlth one another. £1,500 was donated to The Safety Centre in 8UPPOrt of Iholr knK¢ crime 8dLtion appeal. prov*Jing workshops for young people to dispel mylhs and common rnisconeeptions aboul ¢anying weapons and invofv8monl in knife crime.
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 £1,080 was provided to MK Fbank lo cover the administratNe costs of their October MK Can event which sought lo break the Gulnness Worfd Record for Ihg longesl h'ne of food cans and replenish Foodbank shelves in readinwss for winter demand. A hardship fvnd of £1,500 was established with MK Money Lifeline supportSng Servicg users facing barriers lo $eMS su¢h as interpreters, translators, and Iran5POrt. £525 was donated to St. Mark's Meals in support of their work proding meal boxes to familie$- Ihg liming of our donation enabled Sl Mark's lo rèc¢lve match funding from MK Communfty Foundations. £450 was used lo purchase walerprool sleeping bags in assocAation with British Red Cr08s MK who distribuled them to homeles5 individuals to help them suThive outdoors over winter. £1,211.55 was raised for The Prison Fellowship's angel tree project together wilh 115 gift$. A total of £1,500 was given to local children'8 cenlres to prOlIe 100 Christm8$ gifts for tocal families identified 8$ being in need. A lolal of £2,500 was given lo lo¢al supported housiThJ centres to Provide 160 Chri$trna8 goodie bags for senior alizen residents. As we entered 2024, £3.500 was u$$d lo pur¢ha$g 125 £30 voucher5 for familie5 identified by Childrtrn's centre praditioners as struggling follttwing the festi pèriod. Through thesa initiatives, we demonstrated our ojmmitmenl to SUPFK)rting Ihose who mattar lo God and, therefore. matter lo us. We remain Iruty for Mitton Keynes. BeRich In February 2023 our annual Be-Rich campaign raisod £14.104 thanks to the tncredible goneroslty of s)ur church communty. A further £13,300 was added Irom All In donations resuFting in a total of £27,404. These donatsons were used lo establish the ForMK Communty Crisis Support Fund. Through a $tr8ighfforward application process, we can provide financial a$$islan¢o for Ihose who have 8xhaLbSled slalutory support possibimies and are in emergency need. Indimdualslfamilies Can apply for a maximum of £150 over 12 months through of our many r9ferral charities and ommuntty organi$atKins. In the period May lo December 2023, £10.078 was distributèd lo 70 applicants. Statom•nt relating to Going Coneèm are pleased lo teport that the ¢harity anded 2023 in a strong ffinancial positoon Ihanks lo the conllnu¢d support of our partners, the ex¢eNent perfomiancè of our day nuTry aThJ conferencAng aCtlI1e$ and the ¢onlinuad efforts of senior management lo control coslslexpenditure. The ¢harity's cash ieserves increased by £106.302 durillg 2023 resulling in fr88 cash ieserves of £609.407 8$ of 31Ai Decèmbei 2023. The Governance board Can ¢onfim Milton Keynes Christian Centre can conlinue operating in 2024 and lurther. with no concems regarding finar7fAal viability. RweN•s pollcy Total unrestrlct811 rgserv¢$ at 31 December 2023 were £3.156,225 (2022.. £2,971,199) ¢ompri$in9.' Unrestrictèd funds held as fixed assets £2,662.55912022'. £2.743.526) DesYJnatgd funds £nil12022.' £nil) Free Teserves l$ee bglowl £493,86612022.' £227.6731 OLY reserve5 p0cY focu5e5 on free restr$ as the$8 are the reserves held at the disc¥elion ol the truste. Th8 rèsèrvas policy range has been buitt up bas¥d on ensuring the finarjcial stabilty of the charity and ensuring that tho charity Can meet bolh ils ongoing cornmilments and its slral¢gi¢ plans. In calculating the required level of reserves, Ihe trustees consider the risk of income shortlalls, the potential for budget shorffalls. and other broader r(sks that ¢ould impact the charity. 10-
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The current free re8erves wlicy r8ng& approvgd by the board of Irustees is £250,000, which is Tevwed eath year lo lake account of both inlemal and èxternal factors. Thè free ras•eS on 31 December 2023 of £493.866 are above the Board's target. The trustees last irker&as8d Ihe requred level of reseives in 2022 fotlowing the repayment cf the propwty mortgage. The reserves policy 15 kepl under rewAar rnview and tarpt levels are adjusted as assessments of risk and other fadors develop or change. Fuiure d•v•lopm•nts Throughout 2ty24 MKCC wll ¢ontinue to provide public benefft through the delNery of our tharitable actwate8. We wil continue to deliver OUT tharitable obje¢Xives through.. On-going development and implementation of a strategy whieh eno)urages anil facilitates Churth growth. Continwng to maximise our volunla8r particApalion. A5515tirbg every individual lo identify and tske the next st8p in thair spiritual journey. On-going devekjpment and implemenlalion of our ForMK strategy whi¢h s¢¢k$ to meet pra¢bcal r*eds in our community. Continued $upM of Li9mFo International and Into The Community. Continually seeking lo deveky and enh8nce the seMc8s finy Steps Day Nurs8ry, Confor8ncing MKCC and Coffee shop provide lo the members of our10¢81 ¢ommunty, Milton Keynes and surrounding areas. Promotion of our Sènsory Suite to famlies throughout Mitton Keynes who have at lèast one child wilh additional needs.
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Structure. governance and manag•ment Con¥tltutlon Milton Keynes Christian Centre is inc0rated as a Charitale company limit¢d by guarantee {charity numbèr 1119304. Gompany number 59825641 govemed by ils Mtffltrrandum 8nd Artides of Association. G4)voman¢¢ Our Govemance B08rd currently comprises the Chair and seven other Trustees whose names are listed on the assodalion f0matiOn pJe of this documfrnl. We have all dedaTed that we will carry out our rtrsponsibli ilies as Tru3lèes of MKCC per the Charity Commission guidelines. Trustees have also considered the Good Govem8n¢è Code for the voluntary sector. As part of our induction and training as Trustées, we were prowded with detslled information about MKCC and ils various activilitts, inc4uding Ils memorandum and articles, accounts. finanaal reports and minutes of premous Trustees. meetings. We, the Trustees, ftsm the membership of the charitable Company. We have overall ponsIbIlity for overse8in9 MKCC'S strategy and operations, approving its l)udg•ts and for all rts major decisions. The leadership of the church and management of the organisation's actiwlie5 15 delegated lo the Churth Leadership and senioi managernenl who report dire¢tly to the Trustees providing feedback on perform8n¢e and informing Trustees of ftthire planning. Trustee's meetings are hekl at least four times a year. The Church Leadership comprises Mark Shert¥tt (Senior Paslorl, Bil Rit¢hie (Execyjtive Pastor). Nicola Ritchie IAssouate Paslorl, Jon Keel (Discipleship Pastoi), Laura Conway {Director of Famity Ministries), Craig Betts IDireclor of Communications). lan Baird acts as Operations Manager. All Mport to the Tru8tg0 Board. Rl$k m•nag?mfrnt Wé règularly 8SSÈSS the major rfsks to which the charity is exposed and in particlar tho88 related to replrtation and stskeholder ¢onfiden¢s in nIOr leadership, safeguarding children and vulnerable adults. Heahh and Safety. thè fulfilmenl of regulatory requiiements, busin&$s continuity and ensuring the lonTrlerm financial security of MKCC. The Govemance board records 811 major risks identrfied within a iisk reglster. Responsibility for maintainingl updating the risk register is delegated to a sub-commiitee ov•rs•n by P•tsr Takacs. Towards thè end of 2003, th8 risk management sub-LX)mmittee reviewed and reformatted the risk registeT. Senior rnanagemenl h85 been tasked with updating current risks, taking inventory of what new risks may h8ve emergèd and in the process confimiing vthethei the miligaling adions1proSSed are still relevant or need improvement. Any new risks that exceed the threshold of op¢ration81 managgmenL will come to the Board for reviewldiscu5sion. 11 is hoped that changes lo the risk management process will resuh In senlor management becoming familial with the VenIory of key risks idontifi8d by the Govemance Board, double ¢he¢king on whèth8r the controls, processes and mltigaling 8ctions are still relevant and effective and implernenl a "see it. Say tt, sorted" policy maknng li èasy to 109 PQtential ngw risks. Umimaloly, it 1$ hoped the new risk management process will a¢hiev8 a higher lavel of risk 8warenes$ 8nd involvement from the wider team. The Trustees, who are also the dire¢tors for the purposa of company law. and who served during thè y8ar and lo the date of snature of the finan¢ial statements wer& .' Mark SherratL Senior Pastor Irirginia Brown Peter Takacs Omolayo Kuleji. Chair Joseph Amaeze Jon Keel Gabiielle OsÉi John Els Fola Komolafe (Resigned 12 December 2023) 12-
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) ICONTINUED) FOR ThIE YEAR ENDED 31 DECEMBER 2023 St•tsmont of Trusts••' r•sponslbllltlos The Trustees { who are also the directors of the tharity for the purpose of company law l are responsible for preparing tho TNsleos' report and the finanryal statements in accordance with applicable law and United lQngdom Accountlng blandards l Unhed KiNJdom General Accepted AunlIng Practice l. Cornpany law requires the Trustees lo prepare financial slalements for gach finanaal. Under company law, Ihe Trustees must not approve the finanaal statements unless they aré satisfied that they give a true and fair Mew of the slat8 of affairs of the Group and the Charty and of their incoming resour¢•$ and application of resources. duding their ineome and expenditure. for that period. In preparing 1he6e financial ststemenis, the Trustees are required to Select suitable a¢n11n0 kX)IlcOes and then apply th8m ¢on$i$lentty . Observe the methods and principles ofthe Chairfie$ SORP IFRS 102} . Makejudgments and accounting e51wnales that are rea$on8ble and prudent. Slgle whether applicable UK Accounting Standards IFRS 102} have been followed. subjgct lo any material d8partui8s disclosed and explain8d li thè financial statements. Prepare the finanual $latements on Ihe going concem basis unless li is inappropriate to presume that the Group will ¢onts"nue m businps& The Trustees are responsible lor keeping adequate accountin9 recor(ls Ihol arg sufficient lo show and explain the Group and tho CharW5 transactions and disd05e wilh reasonable 8c¢uracy at any time the financial posrtion of the Group and the Charity and enable them lo ensure thal the financial statements comply wth the Companies Act 2006. Thgy are also responsible for safeguarding Ihe assets ol the Group and th? Chawity and hence for taking reasonab sleps for the prevèntion and dètection of fraud and other iwegulawibes. Audltor Tha auditor, CroLtchers Ltd, has indicated their willingness to conttnue In offi¢¢. Th& designated Trustees wi propose a moticin reappOting th• auditor al a meeting of the Tiu$lees. Diiclosure ol infomwtion lo th• audltor Each of the persons who are Twslees at the limg when Ihis Trustees. Teport is approvèd has ¢onfimied that: so lar as that Trustee is aware, there 18 no rel¥v8nl audit infomiation of which Ihe charitable gyoup's aLKlllor 1$ unaware. and that Truslee ha5 iaken all the steps that ought to have beon tak*n as a Twsl8& in order to be aware of any r•lovant audit infomiation and lo eslat4ish that the ¢har6table group's audltor18 aware ol that information. Thg Tru$tees' report was approved by the Board of $ign&d their bahalf by, Peter Takacs Tru¥tee Mark Sherratt, SenN)r Past TN¥tee ..201h September 2024....... 13-
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF MILTON KEYNES CHRISTIAN CENTRE Oplnk>n We have audited the finan¢lal stslements of Milton Keynes Chrislian Centre (the "parent charitable company") and ils subsidiary Ilhe 'group') for the year ended 31 De¢ember 2023 whlc MprIse the consolidated slalement of rinancial activitl8s, the consolidated balance sheet, the ¢harrty balancè shè6t, the consolidaled statement of cash flows and notes tg the ffinancial statemen15, induding significant accountirwJ polioes. Thg financial reporting fratnework that has begn applied in their preparats'on is applicable law and United Kingdom Aceounting Standards, induding Finaneial Reporting Standard 102 The Financipl Reportng Standard applicable in the UK and Republic of lfyland (United Kingdom Gen&rally Accepted A¢¢ounting Practica}. In our opinion, the financial statements= gwe a true and fair view of the slate of the charitablè ekimpany's affairs as at 31 December 2023 and of its incoming resources and application of resources, for the year thèn ended- have been property prepared in ac¢ordanc¢ with United Kingdom Generally Accepted Accounting Practice,. and have been propared In 8¢¢0rdance with the requirements of Ihe Companie5 Act 2006. Basls for opinion We conducted our audit In ac¢oiilan¢e wth Intemational Standards on Audrbng (UIQ {ISAs {UKII and 8pplicablg law. Our responsibilitie5 under those standards are further dgs¢ribed in Ihe Auditoffs respon&bililies for the audit of the financial slatemenls section of our report. We arè indèpendent of the'parant charitable company. in accordance with the ethical requirements that are relevant lo our audit of the finanryal slalemènls in the UK. induding the FRC'S Ethical Standard, and we have fvjfilbed our other ethical responsibilities in acc[danCe wi(h Ih•se r8quirem&nts. We lieve that thè audit 8Mdenca we have obtained is suffiaenl and appropriate to prolje 8 basis for our opinion. Conclusions relating to going concern In auditing the financial slalements. we have concluded that the Trustees. use of the going con¢ern ba$1$ of ¢counling in the preparallon of the financial slalements 1$ appropriate. Based on the work we have performed, we have not idenlrfitrd any matarial uncertainties relating 1¢ events oi conditions that, individualty or collectivety, may cast significant doubt on Ihe 'parent chaiilable companl'5 ability lo continue as a going concem for a period of at least Iwelve rnonths from wn thè financial stalernenls are aulhoriseil for i$$uè. Our respon5ibilibe5 and the re$ponsibililKqS of the Trustees with respect lo going concem are deri in th• relevant sections of thls report. Oth•r Inforn)ation The other information comprises the infom)8lion includèd in the annual report other than the fftnanci818tatement$ and our auditor's rèport thereon. The Trustees are spOnsible for the other infomiation contained within thè annu81 report. Our opinion on the financial stalernenls does not the other infom)alion and we do not expre55 any form of assurance conclusion Ihereon. OUT responsibility is lo read the other inlomi8tion and. in doing so, consider whether the other information is maleri¥lly in¢onsislent wtth thè financial statements or our knowledge oblained in th& course ol the audit. or otherwise appears lo be materially mi551ated. If we idèntify sueh material inconsistencies or apparent material misstatements. we are required to determine whelhei this give5 rise lo a material misstatement In the financial statements themselves. If. based on Ihe work we have performed. we ¢ondude that there is a material mis8l¥tement of this other information. we are requred to report that fact. We have nothing lo report in this ragard. Opinion• on Oth matt•rs presCrId by th• Compan1•8 Act 2008 the Information given in the Trustees. Report for the ffinancial year for which the financial statements are prepared Is wn$istgnt with the financaal statements. the Twstées, Report has beerb prepared in accordance wilh applicabFe legal requirements. 14-
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF MILTON KEYNES CHRISTIAN CENTRE Mattern on which we are requlred to roport by •x¢•ptlon In the light of our knowledge and understanding of Ihè charitable company and its enwronmenl oblabned in the course of the audit. we have not identffied materi81 mi$slalgments in the Trustees. report. We have nothing to ropgrt in re5pe¢l of the following matter8 in relation lo whid) Companies Acl 20( requirgs us to report to yoy If. in our oplnion.. th& parent charitable company has not kept adequate and suffiuenl accounting records, or relums adequate for our audit have not been received frorn br¥n¢h&$ not visit8d by us. - the parent charitable company finanrAal statements are not in agreement with the aceounting records and retUrn5', or - certain dls¢lo$ure$ of Tru$t¢e$' r&munoration sp8cifi8d by law are not made,. or - wè have not received all the infomation 8n(J explanallons w8 rgquirg for our audit,. or the Trustees were not enlilled to prepare the finanrial statements in accordance with the small companies regime and lake advantage of the small companies. exempts'ons in preparing the Trustees. pOrt and from the requiromenl to preparè a Strategic rèport. the infomiation given in the )Inancial statements is Ki¢onsislènt in any material respect with the Trustees, report. or suificienl accA)unting Tecords have not been kept,. c the ffinancial ststements are not in agrèèment with the accounting records.. or we have not weived all the inlomiation and explanatn$ we require for our audiL ResponsIblles of Trusteos As explained more fuNy in the slattmenl of Trusl99$' r¢$ponsibilities, th8 Trustees. who are also the dire018 gf th¢ 'parenl charitable company. for the purpose of Company law. ar8 responsible for the preparation of the financial statements and for being satlsfied that they give a true and fair wew. and for such internal control as the Ttustees determine is rbecessary to enabje the preparation of financial slalem$nts that are fr¢0 from mat•rial misstatement, whethèr due to fraud or error. In preparing th& finanoal $t*mants. the Trustees responsible for 8$sèssing the 'parent charitable companv's abilty lo nts"nue as a going concem, disdosin9, as applicaNe. matters rèlated to going concom and Ung the going concern basis of accounting unless the Trustees either intend lo qUIdate the charitable company or to ¢èas8 operalions. or have no realisti¢ altÈm8tive but lo do so. Audlto¢$ r•sponslbllltl•s for th• audlt of the financial statsments We have been appointed as auditor under section 144 of thè Charities Act 2011 and report in accordance with the Act and ielevant regulations made Of hawng effect Ihweunder. Our objertivos ar¥ lo oblain reasonab18 assurance about whelher the ffinancial stalemenl$ as a wholè are free from material misslalemenf. whether due lo fraud or error, and to issue an audilorfs report Ihal in¢Jud@s our opinion. Reasonable assuran¢e is a hlgh ¥91 Qf assurance but Is not a guarantee that an audit conducted in ac¢ordance with ISAS (UK} will aayS tlelect a m81erial misstatement when rt exists. Misslalements can arise from fraud or error and are considered material rf. indiduallY or in the aggregate, thoy could reasonably be expected lo infflugn¢& the economic deasion5 of users taken on the basis of thèse financial statements. The exlent lo whth our procedures are capable of detecting irregularilig$. in¢ludin9 fraud, is detailed below. 15-
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF MILTON KEYNES CHRISTIAN CENTRE the engagement partner's assessment of whether Ihe engagement team collectively had the 8pproprial Competen and capabilitie5 to identify iy recogni non-compliance wf(h laws and regulations, détsils of those matters about non-compliance with laws and regulations and fraud that were communicated lo the engagement team, and any discussions with spe(aalis15 on areas of financial statsments particularty susceptible lo fraud. we idenlrfied the laws and regulations applicable to the Group through discussions with Trustees and other management. and frorn our knOedge ofeharty and company law and experience", we focused Cln spe¢rfi¢ laws and regulations which we considered may have a direct material &ffect on the financial statemen15 or the operations of the Charitabla Company, including the Companies Act 2006, Charities Act 2011 and UK tax legislation, as well a5 those laws and regulations relating lo the Group's operations such as data protection, health and safety and employment legislation,. We 8sses$èd the extent of compliance with the laws and regulations idenlthèd above through making enquiries of management and inspeth'ng legal correspondence.,: ideniified laws and regulatmins wèrè communicated with the audit team regularty and the team remained alert to instances of noTrcomplian¢ throughout the audit; and we reviewed the minutes of Trustees. mèetlngs lo identify any erenS lo non-complianc4s wrth laws and regulations. We 8ssessed the sus¢eptibllty of the Group's finanaal statements to material misstatement, induding obtaining and understanding of how fraud might occur. by". making enquiries of management a5 to where they ¢on$idw¥d th•re was susceptibilty lo fraud. their knobadge ol actual. suspected and alleged fraud., and considering the inlernal nI[01$ in plxe to milal0 risks of fraud and nor)-¢omplianc8 with laws and regul81ion$. To addr8ss the risk of fraud through manogemènl t4a$ and ovarrido of controls. wo.. tested journal entries lo identify unusual Ir8nsactlons', pèrformed audit work ov8r the risk of management override of Controls. ineluding lesling of joumal entries 8nd other adjustments for appropriateness, evaluating the business fationale of sIgn¢8nt transactions outslde the nomial course of business and rev¢8wing accounting eslunales lor bi8S. In response lo the risk of irregularities anil non-¢omplianca with laws and regulations, we deslgned procedurgs which itKlud8d, but were not lirniled lo- agre&ing finaneAal statement disclosures lo underlyln9 suppOn9 do¢umentslion,' reading the minutas of meetings of those charged with goveman¢e'. enquiring of management as to actual and potential IgatIon av¥J daims- and remewing any ¢orte$pondenGe wilh relevant regulalors such as the Chanty Commission. There are inherent lirnttations in audlt procedures described atVe. The more removed that laws and regulations are from financi81 tr8nsa¢tions, thè less likely it is that W8 would become aware of noNcompliance. Auditing standards also limit the audit procedures qui to identify non-compliance with laws and iegulalions to ¢nquiry of th¢ Trustees and other management and the inspection of regulatory and legal correspondence. if any. Material misstatements that arise due to fraud can be hardei lo detect than those that arlse from error as they may involve delibeTale Gon¢¢almnt or collusion. A further description of our resp¢n$ibiifie$ is available on the Financial Reporting Council's websilo al- https.'/l www.frc.org.uk1audilorsresponsibilits. This déscription forms part of our auditorfs report. 16
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED TO THE TRUSTEES OF MILTON KEYNES CHRISTIAN CENTRE Use of our report This report Is mado solely lo the ¢haffty's tw$lees, as a body, in accLTdance wlh part 4 of the Chaiilies IAccounts and Reports) Regulations 2008. Our audit w(Trtk has been undertaken $0 that we might $tale to the charitls Iruslees those matters we are fequired to stale lo them in an audrtorfs report and for no other purpose. To the fullest extent pemiitted by law. we do not accept or assume responsibility to anyone other than the ¢harily and the charty's tru$lees as a body, for ¢r audit wort, for this report, or for the opinions we h8ve fomed. 8¢•oL Mr Daffon Crouch&r BS¢ {HoMI FCCA FCA (Senlor Ststutory Auditor) 21 . 0 for and on béhalf of Croueher Llmlted Chartered Accountants ststutory Auditor 1 Copperhouse Court Caldecotte Business Park Milton Koyngs Bucknnghamshire England MK78NL 17-
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unr•$lxl¢tod R•strlct•d funds funds 2023 2023 Total Unrestricted Rutri¢t•d fund¥ fvnds 2022 2022 Totsl 2023 2022 NoteB In¢om• from: Income from donat*)ns and legaa$s Income from Other trading vIlle5 Inveslmenl income 1.108,128 148.425 1.256,553 1,063,456 157,412 1.220.868 1.042,349 91,624 1.042,349 91,624 3,607 75.699 3,449 967.056 75.699 Total Incomo 2,242,101 148.425 2.390,526 2,102,762 ieo.861 2.263,023 Exp•nditur• on: Fundraising trading èxpenses other trading expenses 105,918 105,918 97,309 41,800 97,309 41,800 105,918 105.918 139,109 139,109 Charitable activth'es expenditure other expenditure 2.4,261 1S6.644 2,220,905 1,823.102 4.588 119,331 1.942,433 Total oxp•nthiur• 2.170,179 156,644 2,326,823 1.966.799 119.331 2,086.130 Net incomBllgxpondlturo1 71.922 {8,2191 63.703 135,963 41.$30 177,493 Gr055 transfers btheen funds 113,104 1113,1041 35.717 (17,7941 17.923 Net movem•nt In funds 185.026 (121.323} 63.703 171,680 23,736 195,416 R•conclllatlon of fvnds: Fund balanc8s at 1 January 2023 2,971,199 251,965 3,223,1&4 2,799.519 228.229 3,027,748 Fund balances It 31 D9c•mbèr 2023 3,156,225 130,842 3,286,867 2.971,199 251, 3,223.164 The slalemenl of financial a¢tiwliès includes all gains and losses recognised in the year. All in¢ome and expenditure derive from continuing activities. The statement of financial activitles also mplIeS with the requirèrnants for an Income and expenditure Unt under the CompaniesAct 2006. 18-
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) CONSOLIDATED BALANCE SHEET AS AT310ECEM8ER 2023 2023 2022 Flxed 481ets TangitrAe assets 11 2,662,559 2.743,526 2,862,559 2,743,526 Currnnt a$sgts stocks Debtors Cash at bank and in hand 13 14 56,584 742,910 57.497 038,808 8,874 694,105 Creditorn: amounts falling due within on• y•ar 15 1176,5661 {214,46n Net rrent assets 824,308 479.638 T¢)tsl •ss•ts le88 current liabilitie¥ 3,286.867 3.223.164 Net assets 3.286,867 3,223,164 Income fund Restn"cled funds Unrestrlct8d funds 16 130,642 3,1S6,225 251,965 2,971,199 3.286.867 3.223,184 The Trustees acknowledge their responsibileS for comptying wlh the requirements of the Act wilh resp8d to ac£ounting records and preparation of financial st8monl$. The finaNal statements were approved arml authoiised for issuè by the Trusle&s and signed on their behalf by.. Omotayo Kufeli, Chair Mark Sheffatt, Senior Pastor Tru81•0 Company regi5traticffl number 05982564 (Enuland and Wales) 10.oq. 19-
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) CHARITY BALANCE SHEET ASAT 31 DECEMBER 2023 Not•s Fixed $sets Tangible assets Investments 11 2.880.198 100 2,742258 100 2,860,298 2,742.358 Curr•nt assets Debtors Cash at bank ond in hgnd 14 58,501 725,587 49,821 590,031 784.088 639,852 Cr•dl¢Y8: amounts tslllng du• wlthln t)no yur 15 1156,946) 1159.495> Net cumnl assets 627.142 480.357 Total ass•ts loss Gurr•nt liabilities 3.287,440 3.222.715 Net a¥tsèts 3.287.440 3,222.715 In¢om• fund$ Restricted funds Unresln'¢ted funds 16 130,642 3,156.798 251,965 2,970.750 3,287.440 3,222,71S The Trustees acknowA9d Ihetr respon$lbililie$ for complying with the requwernents of the Aci with re$pg¢t to accountiThJ records and prepar8ts.on of finClaI statements. The finwcial slatements were approved and aulhorised for issue by the Trustee8 and slgned on Ilxir behalf by.. Omtayo Kufeji, Chair Trusts Mark Sherratt, Senior Pastor Trnsle• Company regi$tratlon numbèr 05982564 (England and Iles) lo.Dg
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Cash Ilows from 0rating actNilies Cash generated from operations 20 62.974 307,020 Inv•st5ng a¢tlvltl Purchase ol tangible fixad assets Proceeds frcrfn disposal of tangible fixed assets Investment 1cne rec9ived 148,296> <50,419) 5,833 75,699 91,624 Net ¢aEh generated from inv•$ting activities 43.328 31,113 Flnanclng acllvltl8s Repayment of boTTowngs Rtpsyment of bank bans (256,8) {23,7191 Hèt cash us•d in financing activllies 1280,627) Net increase in cash and cash equivaltnts 1Cfj.302 57.506 Cash and cash equivalents at beginning of year 636.608 579.102 Cash and ca8h equlvllonts at end of year 742,910 836.608 21
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting polici•s Chorlty Infomialion The charity is a private rnpanY limited by guiarantee, registered in England and Wales and Is a registered In England and Walès. The address of thè registèred offica is StrUclCk DrN8, Oldbrook, Milton Keyne5. MK6 2TG. The accounts have been prepared in sterfing anil rourKled lo the nearest £. 1.1 A¢eounting ¢onv•ntl•n The financial statements have been prepared in accordance with the 'parent ¢harltabk o)mpan¥'s goveming document, the Companies Acl 2006, FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. I"FRS 102,) and th• Charities SORP 'Acuunling and Reporb"ng by Charities.. Statèment of Recommended Praclth 8ppli¢able lo Charities preparing their accounts in accdance with the Finan¢ial Reporting Standard applicable in the UK and Republic of Irfrland IFRS 1021'18ffective 1 January 2019). The 'parenl charitable company, is a Public Benefft Entty as dèfinèd by FRS 102. The finan¢ial $tstgm9nts aro pr¥par in $terfing, which is the functional enCY of the 'parent charitable company.. Monelary amounts in these financial statements are rounded to the nearest £. Milton Keynes Christian Centre meets the dInItIon of a PLJblic berrt entty under FRS 102. Assets and liabAlt5 are initialty recognised at historical cost or Iransadion value unless othèn¥ise stated in the relevant accounts'ng policy. The Consolidated slatemant of finanaal actiwties ISOFAI and Consolidated balance sheet ¢onsolidalo the financial statements ol the Charity and ils subsidiary undertaking. The results of the subsidiary 8re ¢onsolld8led on a line by linè basis. The Charity has taken advantage of the eXernptn allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of financlal a¢tivrti¢s in Ih$sg financial slalements. 1.2 Golng con¢¢m At the time of approving the financial statements, the Trustees have a reasonable expeclatlon th the Fee$ payabl8 to the Charity's auditor for the audi has adequate resources lo continue in oper8Uonal existen for th& for8se•able futuré. Thus the Trustees continue to adopl the going concem ba$ of attountirvJ in prepailng the Inanaal stslemenls. 1.3 Charltabl• funds General funds ar8 unrestrted funds which are available for use 81 the disultn ol Ihe Trustees in fvrtherance ofthe general objectives of the Group and whid) have not been desbgnated for other purposes. Rgstricted funds are funds which are to be used in accordance with spe¢th¢ reslri¢tions imposed by donors or whi¢h have been raised by the Group for particular purposes. The costs of raising and administering such funds are Charged against the $peofi¢ fund. The aim and use ol each restricted fvjnd 1$ sel oui in the noles to the financial $18lemènl$. Investmgnl Incomg. gaSn$ and10$sgs arg allocated to the appropriate nd. 1.4 Income All incorne in recogni5ed once the Charity has entillemenl to the inme, it is probable Ihal the income will be received and the amount of ncome receivable can be measured reliably. 22-
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 Accovnllng pollel•s (Cont[nu) Thè ra¢ognilion of in¢om8 from legacies is dep8nd•nt on establishing enteMent, the probabilty of receipt and the ability lo estimate with Suffityent 8r3¢Y the amount receivable. Evidence of entitlement to a leg8Cy e$1$ when the Charity has sulficlenl emdence that a gift has been kft to them (through knowledge of the ex151ence of a valid will and the death of the b8nefa¢lorl and the executor is satisffied that the property in question will not be reqLrired lo satisfy claims in the e51ale. Receipt of a legw must be recognised when il is probable that it will be re¢eived and Ihe fair value of the amount receivable, which will gènerally be the expectèd cash amunt to be distributed to the Charity, can be reliabty measured. Grants are included in the ConsolidalÈd statement of financial activiligs on a receivable basis. The b8lan¢e ol income received for speclfic purposes but not expended durin9 the period is shown in the relevant fund5 on the Balance sheet. Where income is received in adwance of entiUerDgnl of rg¢9ipl. lis recognition is deferred and included in creditors as deferred income. Where enlrtlemenl occurs bOre in¢ome Is received, the income 18 8¢erued. Gifts in knnd donated for distribution are induded at valuation and recognised as in¢ome when they are IAstribulod lo the projects. Glfts donated for Tesale are induded as income when they are SO. Income tax recoveTable in relation to don81ions received under Gift AMI or deeds of covenant is recognised 81 th8 lime of the donalion. Other income is recognised in the period in which it 15 receivabl& and lo the exlfrnl thfr goods have been prowded or on ¢ompletion of the s9rvi. 1.S Exp•ndltur• Expenditure is recognised once there is a legal or constructive obligation to transfer 8eonomic benefit to a Ihird party, it is probable that a transfer of economic benefits will be rèquired in $&ttl•menl and the amount of the obligation can be measured reliably. Expenditure is classified by actity. The ¢osls of eaeth actNty are m8de up of the total of direct costs and shared costs, induding SUPPOrt costs involved und¢rtaking each activrty. Direct costs attrl)ulablo lo a singl8 activity are allocated directty lo that actiwty. Sharèd costs which contribute to more than one a¢livrty and support costs which are not attributable to a Single activity are apportioned beeen those aclivltses on ¥ basis ¢on$islent with the use of resources. Central staff costs aro alhjcated on the basis of time spent, and dÈpréci8tion charges allocatod on the port*Jn of the a55et's use. Expendilura on raising funds indudes all expenditure incurted by Ihtr Group to rais8 fvnds for ils charitablè purposes and indudes ctS of all fundraising acliwties events arKI nowh8rftable trading. Expenditure on charitable a¢tivitiè$ is incurred on direcly undertaking the athvrties which furthèr the Group's obieclives. as well as any associated support costs. All expendrture is indu$ive of irnecoverable VAT. -23-
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 AoGguntlng po15GI•s (Continued) 1.6 Tanglbh flx¢d ¥$••ts Tangib fixed assets arè capitalised and recognised when future economic benefts ar• probable and the cost or v81ue ofthe asset Can be measured reliabty. Tangible ffixed as5el$ are initialy ¢¢gnIsed at eost. After fecognilion, under the cost model, tangible ftxed as5els are measured at Cost le55 accumulated depreaalion and any aumulated impairnient losses. All costs incurred to bring a tangible fixed asset into its inlendad workin9 COtKlition should be induded in the measurement of cost. Depreaation is charged so as lo albcale the c051 of tangible frxed assets 5$ th8ir r8shlual value over their estimated useful lives, using the straight-line method. Deprw8tion is provKled on thè following bases.. Freehold land and bulldings FKtures and fittings Motor vehicles 2%110% 20% 125%133.3% 20% 1.7 Stocks Stocks afe valued al the kjwer of $¢ and net realisab value after making due allowance for ob$olÈtè and slow-moving stocks. Cost includes all dired costs and an appropriate proportion of fixed 8nd variable overheads. 1.8 Cash and ¢aih equlvalents Cash at bank and in hand ineludès cash and short-temi highly liqurd investments with a Short m81urity of thre8 months or les5 from the dale of a¢quisilion or opening of the deposit or similar account. 1.9 FSnanclal Instruments The Group only has fin8n¢i81 assets and flnandal Ilabllrtlos of a kind that qualify as b8sic fin8nc481 instruments. Basic financyal instruments are initially recogni$ed al transaction value and subsequently measured al their setttemenl value with the exception ol bank loans whith are subsequ$nlly rn$red at amortised cost using the effective interest method. 1.10 Debt¢rn Tr8de and other debtors are recognised at the settlement amount 8fter any trad• diseount offered. Prepayment8 ale value(l at the amounl prepaid net of any Iradè discounts due. 1.11 Interest receivable Inlere51 on funds held on d•posit is inchjded when ieceivable and the amount can be measured r8li8bly by the Group.. this is normaWy upon notifi¢ation ol the intèrgst paid or payable by the institulion wlth whom the funds ar8 depo8ited. Invoslments Fixed asset investments are a form of finanrAal instrument and are initially racognised at their transaction cost and subsequently measured at fair value at the Balan¢e Sheèt dale, unlèss the valu8 cannot be measured rèliably in which case it is measured at cost less impaimient. Investment gains and losses, whether realised or unrealistrd, are combined ond presented as 'Gainsl{Losses) on investments. in Ihg Consolidated siatemonl ol financi81 activities. Investments In subsidlarfes are valugd al cost less swovision for impairment. -24-
MILTON KEYNES CHRISTIAN CENTRE IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounllng pollcl•s ICondnu•dl 1.12 Ll•bllltles and provhlon• Liabilities ore recognised when there is an obligation al the Balance sheet dale as a iesutt of a past event, li is obaNe that a transfer of economic bgnefft will be required in settlement. and the amount of the settlement ¢an be estimated relably. Liabililies are recognised at the amount Ihat the CharTty anticipates Ft will pay to sett the debt or tho amount it has ieceived as advanced payments for the goods or seM¢es it must provide. Promsions are measured at the best èstimata of the amounts required to settle the obligation. IM)ere the effed of the lime value of money is maleiial, thé provision is based on the present value of those amounts. di50)unled al the pre-tax discount Tale that refleGts th• risks $pg¢ffic lo the liability. The unwinding of the discount is recognised in the Consolidated statsment of ffin8ncial a¢tivitses as a finance cost. In¢omt from don•tion¥ •nd l•g4¢18• UnrMtrict•d Reitri¢tsd fund$ fund¥ 2023 2023 Totsl Unrnstrlet•d R•strlcted funds funds 2022 2022 Total 2023 2022 Donatims g 1,108,128 148.425 1.256,553 1.(3,456 157,412 1.220,868 Donations and gifts Tithes and offering5 All In Inme GfftAid Received 91 S,515 915.515 148.425 192,613 876,973 876,973 157,412 188,483 148.425 157,412 192.613 188,483 1.108.128 148.425 1,256,553 1,063,456 157.412 1.220.868 Duriig the year, MKCC UMed ltradlng company of Milton K8yn8s Christian Centrel. donale(I funds of £Nil (2022.. £41,800) to the Charity. Income from ¢harltsbl• •¢tlvltl Unr•stricted Rostricted funds fvnd$ 2023 2023 Tol*l Unrestri¢t•d R•strfet•d funds funds 2022 2022 Total 2023 2022 Othartradlng actSviti•g Other ministry income Childc#rg incom9 Coffee shop and ¢onf¢rencing income 30.765 871,860 30.765 871,860 24.911 806,038 24,911 809.487 3,449 139.724 139,724 132,658 132.658 1.042,349 1,042,349 963.607 3.449 967.056 25-
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Incom• from invlments Unrostrictod Unrestri¢ted fund¥ funds 2023 2022 Rental income Interest rtteivable 82,810 8.814 74,366 1.333 91.624 75,699 Exp•ndilurn on r•i8iny fvnd$ Unrèstrleted Unr•strfct•d funds funds 2023 2022 Fundrnising trading expenses Charges against rent¥1 inc¢yne Trading ¢o$l$ 6.986 98.952 6,698 90.611 105.918 97.309 Otlmkrtradlng •xpènso4 Tradlng proffts glft alded to the ¢harfly 41.800 Total costs 105.918 139.109 MKCC Ltd reported a small10s8 for the year ¢nded 31 De¢gmb$r 2023 thus no trading profits were gfft aided to the charity. -26-
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Charltable a¢tlvltle8 expondltur• Charltabl• actlvlties 2023 Charitable activities 2022 Childeare eosls Ministry costs Mission giving Governance costs Property and administration 720.775 986,895 127,948 5,400 399,887 822.115 752,388 155,915 6,133 405,882 2.220,905 1.942,433 Analysls by fund Unrestricted fiJnd5 Restricted funds 2.064,261 156,644 1,823,102 119.331 2,22Q,905 1.942,433 The ¥m¢unl ¥bove oxcludos a further £25,75012022'. £16.7501 of in-kind contribution to Missitin$ as disdos•d in Note 22 Audltorfs r•mun•ration Fees payable lo the charrty'5 auditor and 8SSOCiOte$". 2023 2022 For audlt 8•Thle•s Audil ofthe financial statements of the charity 5,100 5,100 Trusts Trustees do not r8eeiv• any remuneration in respect of their roles as Tiuslees. However, thg following Trustees wer¥ remunerated or received other beneffts in re5ped of their emploYnt.. 2023 2022 Mark Sherrali Fola Komolafe John Keg1 59,070 59,151 49,350 36,996 38.691 During the year ended 31 Decen7ber 2023. no Trustee expenses have been ineAJrred (2022- £NILI. -27-
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 OIh•r•xnditurn Unrestrirtsd Unr•$trktod funds funds 2023 2022 Financtng c08ts 10 Taxation The charity Is exempt from lax on income and gains falling within section 505 of the Taxes Ad 1988 or section 252 of the Tax8t50n of Chargeable Gains Act 1992 to the exlenl that these are applied to its 18ritsble objects. 11 Tangible fixed assets GTQUP Currontfinan¢lal yoar Fr•ohold land FIxtUr and bulldlr flttlng$ Total hl¢l•• Cost Al 1 January 2023 AdIon$ Disposals 3,815.497 26.598 310,598 21,698 110,176) 14,750 4.140.845 48.296 (10,1761 At 31 December 2023 3.842.095 322.120 14.750 4.178,965 D•prnclatlon and Impalmnt Al 1 January 2023 Depreciation charged in the year Eliminated in respect Of disposals 1.140,155 107.594 242,415 21,688 110,1761 14,750 1.397.320 129.262 {10,176) At 31 Dechmber 2023 1,247,749 253.gNJ7 14,750 1,516,4C6 Carying amount At 31 Decomber 2023 2.594.346 68,213 2,862.559 At 31 December 2022 2.675.342 88,184 2,743,526 Charity Curr•nefinanclal year Frqghold land Flxturets and bulkllngs fftdngs Motor v¥hitl•8 Totsl C08t At 1 January 2023 Addrfions Disposals 3,815,497 26.598 305,585 19.797 {10.1761 14,750 4.135.832 46,395 (10.1761 -28-
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 11 Tangiblo flx•d assets IContlnu•d} At 31 December 2023 3.842.095 315,206 14,750 4,172.051 D•pr•¢iation and impaimiont Al 1 January 2023 DepNatiOn charged in the year Eliminated in respect of disposals 1.140,155 107.594 238,669 20.855 (10.1761 14,750 1,393.574 128,449 {10,176 Al 310ecember 2023 1,247,749 249.348 14.750 1.511.847 Carrylig #mount At 31 Dg¢ember 2023 2,594,346 65,852 2,660,198 At 31 Oecember 2022 2,675,342 66,916 2,742,258 12 Flnanclal Instruments Goup 2023 Goup Charlty 2022 2023 Charity 2022 Carrying amount of fin•n¢i•l a$s¢t3 Instruments rne8sured at tsii value through profil or h)s$ 742,910 636,608 725,587 590,031 13 Stock¥ 2023 2022 Raw mateiials and consumables 1.380 14 D•btor8 Group 2023 Group 2022 Charfty 2023 Charity 2022 Amounts falling due 1th1n tyn• y¢•r: Trad& debtors Amounts owed by fellow group undertaking5 Other debtors Prepayments and 8c¢wed in¢ome 29,667 25,789 3,035 29,000 18,672 7,794 3,417 15,000 23,262 8,142 18,672 8,245 23,262 56,584 57.497 58,501 49,821
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 15 Creditors: amounts falling due within one ye•r Group 2023 Group 2022 Charity 2023 Charity 2022 Other laxalion and 80cial erItY Trade creditors Amount owed to panI undertaking Other cr8ditors Accruals and deferred income 28.912 55.773 29,652 48,120 51,370 22,849 62,476 23,322 48,033 1,153 38.410 46,028 28,CQ4 41,096 9.570 20.848 59.977 43,228 48,653 176,586 214,467 156,946 159,495 16 R•strl¢t•d funds The restricted funds of the c*arity comprise the un8xpended balances of donations and grants held orb trust subpct to specffic condrtions by donors as lo how they may be used. At 1 January Incoming 2023 resources RHources expended Trnn¥(ern At31 Decom1 2023 Alln Nursery Sensory suite 234,145 6,885 10,935 146,994 1152,6201 (4,024) (113.104) 115.415 2.861 12.386 1,431 251,965 148,425 1156,6441 {113,1041 130,642 Pr•vious ar. At l January 2022 In¢omlng R•sour¢o$ resource expended Transr8 At31 D•eomber 2022 All In Nursery Sensory 6uite 198,934 3,436 25,859 157,412 3,449 (104,407) {17.794) 234,145 6,885 10,935 114,924) 228.229 160,861 {119,3311 117,7941 251.965 All In - Each year we tslk to our church famity aboLrt specrk ministry actwities and offèr an opportunty for indiwduals lo pledge Ihelr finanoal Support and partner with us as we seek lo bring people to Jesus and equip them to be fuly devoted followers ol Christ. Mission- Donations raised lor, and passed to, LighlFor¢e Inlemalional rn support of their mission adiwiies. Nursery- Grant fjjnding able lo be used for purchasing nursery toys and equipmtrnl oi Staff tr8ining. Sensory suite- MK Communty Foundation grant received to fumish and equlp our Sensory Suite. The ffijnds were r1Ved in August 2020 and consumed in December 2020.
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 17 Unmtrict•d fvnds Tho unreslrfcted fund$ of the tharlty comprisg the unexpended balances of dtsnalions and grants which ar8 not subject to spe¢ffjc conditi'ons by donors and grantors as to how they may be used. These include designated fund5 which have been set aside out of unrestricted funds by the trustees for sperAfic purposes. At 1 January 2023 Incomlng R•$our r•sourceB expended Transfers At31 Docember 2023 General Funds- #ll lunds Fixed assets 2,452,757 518,442 2,242.101 12,170,179) 113.104 2,637.783 518.442 2,971,199 2.242,101 12,170,179> 113,104 3,156,225 Pr•¥louJ year. At 1 January 2022 Incomlng rg¥our¢o$ Resources •xp•nd•d Transfgrn At31 December 2022 General Funds- a4 funds Fix8d assets 2.281,077 518,442 2.102,762 (1,966,799) 3S,717 2.452,757 518,442 2.799,519 2.102,762 (1,966,799) 35,717 2.971,199 18 An•lysio of net 088•ts bthmen funds UnroBtricted funds 2023 R¢stri¢t•d funds 2023 Total 2023 At 310•c•mr 2023: Tangible assels Currenl assetsl{liabililie$) 2,662,559 493,666 2.062,559 624,308 130.642 3.156.225 130.642 3,286,867 UnrestriGted R•$lri¢tsd lund$ funds 2022 2022 Total 2022 At 31 DK•mbgr 2022: Tangible assets Current assetsllliabililies} 2,743,526 227,673 2.743.526 479.638 251,965 2.971.199 251.965 3,223.164 31
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 19 Rektsd party tran¢tIOnS The Tnjslees legnise that LigMForce International, the Nassions am of the ¢hurch, is a rekted party. A Memoranduffl of Underslanding exists betsveen MKCC and LFI defining their relationship. LFI has a soparate consliiution and Trustee Body from that of MKCC. MKCC pioneered the wort of LighlFor¢e Internats'onal and the partnership between the tv40 ¢hgri11gs enable the church to èffèctively fulfil 6ts misslon whllsl enri¢hlng the ¢hur¢h in many ways. George Ridley is èmployèd as a pastor {Minlsler of Rellgtonl al MKCC. Mark Sherratt's appointment a5 senior pastor in 2001 has enabled MKCC lo release rn0 of George Ridley's time to develop the work of thè overseas mission. This equates to £59.07012022.. £59.1511. In addition, other donations were made lo LFI amounting to £118,67312022'. £102,738) and £25,75012022.. £16,750) in kind, being the provision of office $pa(x. The Tru51ees also recogrdsed th Into the Communty, is a r8lat8d party. Some of the Twslees of Into the Community are a150 directors of MKCC. MKCC passed donatKins given by church member8 to the Food Bank lotalling £2,556 12022.. £4,649) and gifted a further £5,OCK)12022.' £5000) in-kind. being the provision of space wilhir) oui foyer t¢ undertak8 their weekly serving sessions. MKCC also passèd on weekly food donalions collected on behalf of Food Bank and arranged for the Food Bank lo reeeive the Christmas hampers collecled as part of their annu81 rev$& advent appeal. Thg princ4pal contacts and addresses of LightForc8 Intern811onal and Into Ihg Community are= Mr G Ridley LighlFor¢e Intemalional Slru(Iwick Drive OldbroL Mllon Keynes MK6 2TG w•m.1htfo[Qe.Org.uk Mr lan Baird Into the Community Strudwick Orive Oklbrook Mitton Keynes MK6 2TG www.rnkfoodbank.oig.uk 20 Cash generated Irom Drat1(n9 2023 2022 Surplus for the year 63,703 195.418 Adju$tm8nts for Investment income iecognised in 51alement of financial activiligs Depreaalion aNI impaimenl of tsngible fixed assets (91.6241 129.263 175,6991 135.054 Movernents in working capital: Ilncreas81 in $lo¢ks DècreasÈl(Increasè) in dabtors ID8creasellincrease in creditoTs 11.3801 913 (37,9011 {28,073} 80.322 Cash g•ngr•tsd from op•r4tlon$ 62,974 307,020 -32-