Charlty registrntion number 1119304 (England and Wales) Company reglstratlon number 05982564 MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) LEGALAND ADMINISTRATIVE INFORMATION Trustees Mark Sherratt, Senior Pastor Virginia Brown Peter Takacs Omotayo Kufeji, Chair Joseph Amaeze Jon Keel Gabrielle Osei John Els Secretary lan Baird Charlty number (England and Wales) 1119304 Company number 05982564 Registered offlce strudwck Drive Oldbrook Milton Keynes MK6 2TG Audltor Crouchers Limited 1 Copperhouse Court Caldecotte Milton Keynes Buckinghamshire United Kingdom MK7 8NL Bankers Natwest Bank PIC 501 Silbury Boulevard Saxon Gate East Milton Keynes MK9 3ER Solicitor5 Geldards LLP Dumfries House Dumfries Place Cardiff CF10 3ZF
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) CONTENTS Page Trustees, report Independent auditorfs report 14-17 Consolidated statement of financial activities 18 Consolidated balance Sheet 19 Charity balance sheet 20 Connsolidated statement of cash flows 21 Notes to the financial statements 22-33
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their annual report together with the audited financial statements of the Charity for the 1st January to 31 December 2024. The Annual report senies the purposes of both a Trustees, report and a directors, report under company law. The Trustees confirm that the Annu£l report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). Since the group and the Charity qualify as small under section 383 of the Companies Act 2006, the Group strategic report required of medium and large companies under the Companies Act 2006 (strategic Report and Directors, Report) Regulations 2013 has been omitted. Public benefit The Trustees are aware of the Charity Commission's guidance on public benefit in "The Advancement of Religion for the Public Benefit and regularly review all activities to ensure they are per the aims and objectives of the charty. The Trustees have also con$idered the Charity Commission's guidance Public benefit.. running a charity (PB2)" Milton Keynes Christian Centre IMKCC) provides benefits to the public through its provision of putlic worship facilities, pastoral care and discipleship courses- both for existing partners and those from our communty who wish to benefit from what we offer. MKCC promotes Christian values and encourages our partners to activety serve others within their local communities and wider afield for the benefit of society as a whole. Details of our activities and the public benefit we provided throughout 2024 are detailed below. Objectives and activities MKCC exisls for the benefit of the public. Our charitable purposes as set out in the objects contained in our memorandum of association are to: advance the Christian faith., relieve sickness and financial hardship and promote and preserve good health by the provision of funds, goods or services of any kind including through the provision of counselling and support. and advance education. Our vision statement at MKCC is to 'Bring people to Jesus and to equip them to be fully devoted followers of Christ,. Our values are.. We're passionate about people - Lost people matter to Gtxl, so they mu81 matter to us. We're committed to community- We do lrfe together, building a loving eommunity. We're moving towards maturity- We have made an intentional commitment to grow up in Christ. We're saved to serve - We are simply God's servants doing what He equipped us to do and watching Him make a difference. We're forgiven to forgive We will share radical grace with others in the same uncompromising way we rKeived it from Christ. We're given lo generosity - We will lead the way with irrational generosity, we truly believe it is more blessed to give than receive. We're bringing our best- W8 want to excel in all that we do so that we inspire others, honour God and bring a 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 2024 Our strategic vision inspires us. Over the next fNe years, we see ..... A church that is for our city, positioned in the heart of our community,. a church that is constantly celebrating people making decisions for Christ and growing in God. A church family outworking a unified vision to reach the next generation (equipping parents to be the primary influence on their child's spiritual formation). A church making an impact outside the walls of our building - in our community, nation and around the world (sharing the Good News and meeting practical needs). A church committed to equipping people for everyday, ordinary life (providing ideas, resources and events to empower people to experience healthy relationships, lead and impact in every sphere of life and grow in Godl. A church where Jesus is famous and all the glory goes to God. MKCC is a family church welcoming everyone to join us at one of our Sunday worship services. In addition to attending Sunday services, we encourage everyone to engage in a Lrfe Group and meet with others at least once a month, building community and enabling people to do lrfe together. Other core activities include our children and youth rninistries, senior citizens meetings, discipleship courses, a parent and toddler group and a food bank distribution centre. There are numerous opportunities for individuals to volunteer their time serving locally or further afield in projects throughout the world. MKCC operates Tiny Steps Day Nursery, provides accommodation 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 facilits'es to two partner organisations Into The Community. registered charity no. 1084287, and LightForce International, registered charity no. 1050871 to fulfil mission objects'ves.
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achlevements and perfomiance Sunday services Average weekly attendance at one of our three adult or children's or youth in-person church services rose to 1,429 individuals. This equates to an increase of 15.30h compared with 2023 attendance. An average of 151 people also joined us online each week whilst an average of 268 kids attended our Discovery Kids services. An i ncredible 2,754 individuals participated in our Easter weekend services iTrperson or by viewing online whilst 3,212 took in one of our Christmas Sunday and Christmas Eve services. In 2024, our teaching team sucsSfUllY implemented a well-rounded and biblically grounded curriculum, which was enthusiastically embraced by church partners and visitors alike. This curriculum plays an integrdl role in our overarching strategy to achieve our vision of fostering spiritual growth. both individually and as a community. We are gratefvl to all who serve faithfully within our communications and creative arts team.. leading our church in worship, operating audiovisual equipment, lights. or video Gameras and all involved in our production team that works hard behind the scenes. Together the team enables us to provide an environment in which worshippers can ft)cus on God and encounter Him for themselves through corporate worship and listening to the teaching of God's Word. Some 105 volunteers served in this area of ministry throughoLrt the year. Discipleship In the first quarter of 2024, our long-standing Care Pastor retired from the slaff team. We honoured her service and leadership and began the process of recruiting for the role. Our new Care Pastor has been an excellent addition to the team and has successfully built volunteer t8ams to enhance care and foster connections wtthin our expanding church family. Our Connections Pastor has continued to develop our Lrfe Group ministry. These groups, typically hosted in homes. play a pivotal role in nurturing a sense of belonging, fellowship and discipleship. In 2024 we launched 7 new life groups across the city. The Connections Pastor also worked hard on developing a healthy structure for life groups so all of our volunteer leaders are supported. Additionally, we continued our provision of central life groups, held at the church centre and saw 45 people not connected to life groups attend. Flrst Imprèsslons Our First Impressions ministry faithfully served throughout the year, warmly welcoming guests to Sunday sep4i¢es. Today, a committed team of over 230 volunteers generously contribute in different roles, including the car park, welcome team, guest lounge, and Gleaning team. Over the year, our volunteer team leaders have attentively cared for their volunleers by hosting appreciation events such as team BBQS, breakfast gatherings, )d social outings. Pastoral care The grovrth of the MKCC Pastoral Care ministry has been remarkable since the appointment of a new Care Pastor in June 2024. In the second half of the year, we saw a significant increase in pastoral interactions, with 505 recorded contactHompared to 30 in the first six months. This surge reflecls a deeper sense of connection and trust within our church family, as more individuals reach out for support, prayer, and guidance during difficult times. Alongside this growth, we also saw an increase in requests for assistance from our MKCC Benevolence Fund. Over the year, a total of £12,274 was distributed to families and individuals facing financial hardship. Of this amount, £7,458.01 was distributed between June and December 2024, reflecting the growing need for support within our community. This fund, made possible by our annual All-ln Campaign, serves as a vital resour¢e to help alleviate the challenges our members face during difficult times. One poignant story involves a young family facing financial hardship due to a lack of work shifts for the father, through the Benevolence Fund they received much-needed support, enabling them to survive and restore their sense of security, This story underscores the vital role our Benevolence Fund plays in not just alleviats'ng immediate needs, but also providing hope and encouragement for long-term transformation.
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 In addition to the Pastoral Care impact, our Sunday Prayer and Hospitality teams have evolved significantly. What began as a foundational structure has now flourished into full, vibrant leams, volunteers who are equipped and trained, and who feel empowered to serve our congregation effectively. These dedicated volunteers are integral to our church's mission, playing a vital role in fostering a sense of community and care. Next steps In the period spanning from January to December 2024. we continue to experience growih. with 425 adults added to our churchsuite database. We updated our syst8ms to better cope with this growth and now hold monthly events for 'New Friends,. In 2024, 96 people attended one of these events. We shifted our focus aw8y from fomial church membership to measure the engagement of individuals within the thurch. The year started wilh 868 people engaged and ended with 978 individuals involved in life groups, serving on teams, or contributing financially wthin the past 3 months. This represents a 12.7°h increase. Throughout the year, we celebrated three Baptism Sundays in March, July. and November, during which a total of 38 individuals publicly affirmed their faith - 24 adults and 14 childrenlyoung people. It was truly inspiring to witness the transfomiats've impact of Jesus and their faith on their lives. Local mlsslon - forMK The oveNhelming generosity and compassion of our Church family have enabled us to positively impact our City by addressing k8y priority needs and bringing hope, support, and love to those in our community. For the second year running. the focus of our annual Be-Rich campaign was our forMK Crisis Support Fund, offering vital assistance lo individuals who had exhausted all other means of financial support. Community organisations, local charities, and partners submitted 139 applications, making referrals for individuals and families from their Client base, The annu81 fvnd totalled over £26,000, and during the year £18,950 was allocated to those in dire need in our City. The remaining funds will continue to benefit those in crisis need in 2025 In the area of Crime and Safety, we supported events addressing issues of Violence against Women & Girls (VAWG) and Knife crime, This included funding a meeting with our Young People in FUSE and Thames Valey Police that facilitated dialogue. understsnding. and cohesion betyRen the Police Service and youth within our community. Over the summer break, our financial input facilitated holiday activities for 80 Young Carers, gifts & incentives for 150 children aged under 12 at a local summer camp, 60 places at a 6-day youth sports camp for young people aged 12-16, and 8 places on an animation workshop for young people with additional needs. These efforts aimed to engage and empower young people and provide them with opportunities for gr0h, development, and well-being. Throughout the year, our Povety & Disadvantage relief, funded free community movie nighls, half-term brunches, food hampers, and Christmas events, organised by our MKCC Family Ministry team. These events provided support, ongoing engagement, and fun to families facing financial hardship and isolation. Additionally, our partnerships & collaborations with.. Campbell Park Community Council assisted with providing 454 free soup servings to our local community and on-site coffee shop patrons, twice weekly from January to March. MK Council's supported housing centres, allowed us to reach over 170 older residents with gifts 0r Christmas and provide Age UK MK funded domestic seiCe$, safety & security work and meal deliveries for older people with limited funds. Local Schools enabled us to provide funds for revision guides, scientific calculators and school troliday activities for pupil premium students. Prison Fellowship and HMP Woodhill enabled us to support prisoners and their families across the region through projects like Angel Tree and our MKCC prison outreach services. Foodbank MK, enabled us to contribute over 8,500 food items to initiatives such as their Reverse klvent & Christmas campaigns, and our weekly hosting of Foodbank & Topup shop servings during the year, positNely impacting those affected by food povety & insecurity. Milton Keynes Council Family Centres, allowed us to identty and assist over 100 families in hardship with Christmas gifts and supermarket shopping vouchers.
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 In condusion, through ongoing communication, collaboration, and the collective action of our Church communty, forMK has effectively displayed dedication to seek out and serve the diverse needs of our City and as a result, we have enhanced our reputation as a symbol of generosity and love across Milton Keynes. Moving forward. we will remain committed to mainlaining a steadfast and consistent effort to make a tangible difference in the lives of those around us and FOR our City. Children Discovery lQ"ds exists to "encourage every child to dig deeper and discover Jesus for themselves" through the filter of our four values.. Fun, Safety, Relationships, and Age Appropriateness. We achieve this through several programmes that run throughout the week and calendar year, induding Sunday Discovery Kids services tailored to four age-appropriate settings, Wednesday DK Groups (school year-based small groups meeting weekly during term time). and our ministry for children with additional needs, Konnect. which ensures that every child can enjoy Discovery Kids at their level. Throughout the year, we hosted numerous events for children aged &11. We held Easter and Christmas specials, both of which sold out with over 250 children in attendance. Our annual pizza paty provided a fun and safe alternative tc trick-or-treating for over 220 children. In August, we organised the Summer Smash. a week-long activity extravaganza for 5-11-year-olds. with 104 children attending each day. We offered a range of on-site and off-site activities, with children having a fantastic time and parents expressing gratitude for the outstanding care provided and the exceptional value for money. 136 children enrolled in our DK Groups, which resumed in late September. Supported by 38 leaders adIng 15 groups. fostering learning, growth, and meaningful relationships among children. Discovery Kids partnered with the forMK Team to deliver half-term events targeting families struggling through the cost of living crisis. We provid8d a free brunch at MKCC or breakfast kits for home, along wtth family hot dog and movie nights, which were well-received by our local community and church family. During Christmas, we partnered with the forMK team and local primary schools to provide over 60 hampers for families in need, including vouchers for a local supermarket. Our Santa's Grotto welcomed over 360 children from our local communty, offering a gift, a chocolate Sants, and book with an age-appropriate tale of the nativity story. Discovery Kids Sunday seNices remain vibrant, engaging an average of 307 children weekly across four classrooms. Our commitment to inclusivity extends to Konnect, where 26 children receive one-to-one support, and an addits-onal 5 children receive exlra assistance within their main classes. At Christmas, we celebrated with families, offering gifts as tokens of our love and support. Our Tuesday moming parent and toddler group continues to attract families from the local community and helps to create a sense of belonging and togetherness. We continue to work closely with local children's centres who have been sending in some practitioners to offer help, guidance and support to families as well as running fun activities like baby discos! Youth Fuse, our ministry for secondary students aged 11 to 18 years, is where the fun truly ignitesl Our vision for Fuse is all about "connecting young people to Jesus so they can treasure him., and we make it happen through our core values.. Belong. Grow, and Be Real. Friday nights are the prime time for Fuse action! We host engaging aclivilies and a church Servi custom-tailored for young people. Throughout the year, we dive into topiGs like the foundations of faith, prayer, questions on faith. identity and mental health, During the series that we have unpacked, we have seen a desire for our young people to get into God's word, with many coming forward and asking for a Bible. But vrfait, there's morel During the summer, we had our second Fuse conference. With 70 youths joining us, v feasted together, dove into thrilling activities, and provid8d the perfect atmosphere for young peoFAe to explore their faith and di$Ver their true worth. We also ended the week with a late-night games night & a sleepover!
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Our Sunday Fuse Area continues to work welll Our dedicated team of leaders See an average of 33 ywng people coming together during Sunday services. foming connections, and making memories with their buddies. At Fuse, the 8nergy is electric, and the friendships are forever! On average, 118 young people attended Fuse on a Friday evening and our Christmas Paty had 186 yo9 people in attendance. Sensory Sulte The Sensory Suite has truly grown within the communty in 2024. Dozens of schools now access our space regularly or through one-off trips, and many carers and families rely on it as a vital resource to regulate and stimulate their loved ones with additional needs. During the half-term break, a young family visited the Sensory Suite for the first timerand they were amazed by its accessibility. For them, having a private. hour-long session was a game-changer. Before discovering our spa, school holidays meant being stuck at home because public places were too busy, lou¢J, and overwhelming. But here. they finally found a space their child could not only access but truly enjoy. Beyond providing a safe and inclusive environment, we've also started reaching out to Sensory Suite users to connect them with the Konnect Support Fund. One remarkable story stands out.. a mother requested an iPad with specialised communication so8re for her 8-year-old son, who had never been able to express his need$ verbally. Just a week after receiving it, he was usin9 the device to ask for the exact food he wanted something his mother had never experienced in his eight years of life. It's incredible to witness first-hand how life-changing this fund can The Sensory Suite has become a vitsl sanctuary for those who need it most-offering comfort, accessibility, and life-changing support. As we move through 2025, we aim to expand our reach even further, welcoming more families, schools, and day services while continuing to enhance the space to meet evolving needs. Vh ongoing support, we hope to create even more opportunities for Connection, communication, and inclusion. S•niors The Time Out team diligently gathers every Thursday to create enjoyable and engaging aftemoons for our senior citizens. The prograrn is diverse, featuring quizzes, games, exercise sessions, a monthly service, and guest speakers. This year, we've welcomed Co-op legal services offering financial advice and scam awareness, insights into the work of Medical Detection Dogs, discussions on beekeeping and candle making, presentations about work in Vietnam and stories from two of our members regarding their past endeavours in Papua New Guinea. We've embraced six new participants but sadly lost a dear team member who served faithfully for 17 years and, whilst deeply missed, we cherish many joyful memories of her time with us. In November, Tim8 Out celebrated its 30th anniversary, and the church hosted a delightful afternoon tea for all members (over 60 attendeesl). The d)urch staff meticulously organised and sepded, making it a wonderful celebration as we thanked God for His blessings over the years. Through the benevolence fund, the church assisted a couple in need, which was profoundly appreciated. During Christmas, we enjoyed a vibrant carol service, a festive paty, and a visit from nursery children entertained us with their enthusiastic singing. The essential worf( of Time Out continues to reach and impact the lives of elderly individuals, offering love, care, and companionship to those who need it most. Facllltles The Accommodation Unit, initially constructed as a training facility to house bible school students and their classroom space, has fulfilled several purposes over the years. In recent times the unit has provided single- occupancy accommodation for young professionals working throughout the city. MKCC continues to rent out a propety in Oldbrook which made a small contribution to the wnning costs of the centre. Occupancy levels fluctuated throughout 2024 before stabilising in the final months of the year. Accommodation generated a rental income of £80,714.
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Vvhilst finance generated from the provision of accommodation assists in covering the general running costs of MKCC, such accommodation greatly benefits members of our local community who find themselves in great need and often unable to afford accommodation offered elsewhere in Milton Keynes. Tiny Steps Day Nursery Over the last year, we have been worffing hard to ensure our 'ethos' of a homewfrom-home feeling is embedded within the team. As we show new families around, we are proud to show them how far we have come and how Ihe nursery has grown, we are more Gonfident in who we are as a setting, and encourage the team to look after the children, as rf they were their owm. Activities have massively improved and staff are proud of their setups and ensuring that the next steps and children's interests are being carried on and extending their leaming. 2024 was a success in parent partnership involving families in their child's le8rning, whether this was through stay and play sessions, parent consultations or general feedback, the open and honest approach is always at the forefront of the team's mind. Christmas was our busiest to date, we had over 100 people attend our Christmas Breakfast and was rice to S88 families engaging and meeting each other, through the children. Enrolling on °maths championships. has been an eye-opener, and are near the end, we will spend the first s months disseminating this to the team, and ensuring the staff have as much knowledge as possible in how to teach maths in early years. Every staff meeting continues to be part of training. as we move through 2025 we begin the process of being "Otsted. ready for 2026. MKCC Limited MKCC Ltd, a wholly owned subsidiary of Milton Keynes Christian Centre, was established in December 2015 and commenced trading on February 1 st, 2018. The company oversees the enterprise activities of MKCC, including conferencing, venue hire and a coffee shop, to generate funds to support the wider mission of the charity. For the financial year ending December 31 st, 2024, MKCC Ltd reported a turnover of £183,509, with a trading loss of £8.011. MK Conferencing MK Conferencing exists to provide high-quality event and conferencing services to both local and national organisations while leveraging MKCC'S facilities to generate income that SUPPOrts Ihe Centre's charitable initiatives. The business model remains focused on nurturing existing relationshipInclUding local government agencies, NHS partners. and commercial clients-while actively engaging new customers. Vthile the post-pandemic landscape and ongoing cost-of-living challenges posed obstacles, MK Conferencing delivered a profitsble year, though slightly below target. The team demonstrated remarkable agility, adapting to industry shifts such as shorter booking lead times and tighter client budgets. To continue supporting key Workers, we also maintained discounted room hire rates for NHS stsff, councils, charities, and statutory bOd&S facilitating training. The year ended on a high note, and we are optimisti¢ as we enter 2025, with strong momentum carryng fomard and several larger bookings already Confirmed. This foundation gives us every confidence that 2025 will bring greater success. MK Conferencing contributed £24,483.89 towards overall overheads, helping to offset losses incurred by the Coffee Shop.
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 strudwicks Coffee Shop 2024 marked the first full trading year for Strudwicks since resuming operational control. While the business recorded a £26,686 loss, this was primarily due to the costs of restarting frorn near scratch, coupled with a higher- than-expected increase in the national living wage. Despite this, sales grew steadily month-on-month, offering an encouraging trajectory as we look ahead to 2025. Stwdwicks continues to play a vital role as the front-facing heart of our venue, offering a wami and welcoming Spa for the local community. More than a café. it serves as a hub where charities and support groLPS can connect with those they serve. Throughoul the year, our space has been utilised by.. Ajob seekers, group A weekly support network for parents of home-schooled children Local charities like Maclntyre, providing support for children and young adults with additional needs Imiile V ants'cipate some continued financial challenges in 2025, Strudwicks remains an essential Fart of our mission. As a company and a charitable organization, we are committed to ensuring its sustainabilty balancing financial viability with our commitment to communty impact. Although MKCC Ltd closed the year with an overall deficit, we are entering 2025 with renewed confidence. MK Conferencing's upward momentum and Stwdwicks. growing customer base, we remain committed to stren9thening ourfinancial position while continuing to serve our community. By refining our operations, fostering key partnerships, and staying adaptable in an evolving market. we look forward to a more successful year ahead.
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Flnancial review Tlthos and Off•rlngs Giving to our undesignated funds totalled £1,140,722. This remarkable achievement includes GiftAid of £207,138. All In Beyond our regular giving through Tithes and Offerings, we also received donations totalling £164,011 through our All In programme. The money will be put to meeting specific needs in our church community, in the ¢ity of Milton Keynes, or through mission via our partnership with LightForce International. All In - Benevolenco Through the Benevolence Fund, we have helped countless people in our church family and beyond. In 2025 we distributed a total of £12,274 to thirty-four families or individuals. Global Impact In 2024, we had the privilege of investing £138,074 including £99,670 from All In, into overseas missions through our partnership with Pastor George and LightForce International in Uganda and India. Our investment has enabled Pastor George and his team to continue their invaluable work in these countries. providing vital resources and support to those in need. From empowering young people in Uganda to promoting education and healthcare in India and Albania, our investment has helped to make a meaningful difference in the lives of countless individuals and communities. In November 2024, Pastor Mark had the opportunity to visit the LightForce base in Uganda and was deeply moved by the incredible impact of our giving on the communty of Lira. During his visit, he had the priwlege of attending a joyous celebration with approximately iwo thousand guests, including local di9nitaries, as they honoured the graduates from our day nursery, primary school, and agricultural college. Pastor Mark's visit to the LightForce base in Uganda was a testament to the incredible work being done by the organization, and a reminder of the transformative power of giving and compassion. For MK Our members. generosity allowed us to respond to community needs through a variety of initialives: In response to the cost of living crisis, £828 vrfas spent creating a community 'warm space, at MKCC serving soup, rolls and refreshments. £7,000 was allocated to provide half-term brunches, breakfast pack giveaways, community movie nights, and Christmas community events organised by MKCC'S families team. A total of £2,500 was distributed lo schools in MK in support of student incentive programmes, transport funds and purchasing equipment for students unable to afford their own. £200 was gifted to the charity NutriTroops to purchase gifts and prizes for the children aged &11 years attending their 2-week free summer camp in Fishennead, Milton Keynes. £780 was donated to the 5-Qn-It Foundation charty in support of their fund enabling 12-16 year-olds from across Milton Keynes to attend the summer Health Acts'vities and Food Scheme {HAFS) and for an animation workshop for those with additional needs. £1,595 donated to MK Carers in support of their work providing holiday activities for 80 young CarS and 40 families as an opportunity to provide respite while building relationships with one another. £500 was donated to St. Mark's Meals in support of their work providing meal boxes to families- the timing of our donation enabled St Mark's to receive match funding from MK Community Foundation. £500 was donated to a local community charity Making Good Better (MGB) providing low-cost hot meals for those in our local community. £500 was used to purchase new equipment for our on-site Sensory Suite to enhance and facilitate the experience of thosè with additional & sensory needs. £300 was spent on personal hygiene products and toiletries in readiness for those who need immediate help with their circumstances. £500 was spent to assist the YMCA SoupFest fundraising initiative contributing to activities and ElcoMe packs for their residents. £1,032 was raised for The Prison FelI0vh1P's angel tree project together with 85 gifts donated for children of prisoners.
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Atotal of £1,200 was used to provide 100 Christmas gifts for local families identified as being in need. A total of £2,000 was spent to provide 170 Christmas goodie bags for senior citizen residents living in supported housing centres. As we entered 2025, £3,000 was spent to purchase 100 £30 vouchers for families identified by Family Centre practitioners as struggling following the festive period. Through these initiatives, we demonstrated our commitment to supporting those who matter to God and, therefore, matter to us and expressing our true commitment to being for Milton Keynes. BeRich In February 2024 our annual Be-Rich campaign raised £7,706 thanks to the incredible generosty of our church community. These donations were allocated to the ForMK Community Crisis Support Fund. Through a straightforward application process, we can provide financial assistan for those who have exhausted ststutory supp)rt possibilities and are in emergency need. Individualslfamilies can apply for a maximum of £150 over 12 months through one of our many referral charities and community organisations. A total of £18,950 was distributed to 139 applicants throughout 2024. . Statement r•latlng to Golng Concern We are pleased to report that th8 charity ended 2024 in a strong financial position thanks to the continued support of our partners, the excellent performance of our day nursery and conferencing activities and the c(tinUed efforts of senior management to control costslexpenditure. The charity's cash balances increased slightly to £772,560 as of 31 st December 2024. The Governan board can confirm Milton Keynes Christian Centre Can continue operating in 2025 and further, wth no concerns regarding financial viability. Reserves policy Total unrestricted reserves at 31 December 2024 were £3,188,584 {2023.' £3,156,225} comprising.. Unrestricted funds held as fixed assets £2,600,559 <2023.. £2,862,599) Designated funds £nil (2023: £nil) Free reserves (see below) £586,025 {2023.' £493,666) Our reserves policy focuses on free reseNes as these are the resepdes held at the discretion of the trustees. The reserves policy range has been built up based on ensuring the financial stability of the charty and ensuring that the charity can meet both its ongoing commitments and its strategic plans. In calculating the required level of resenies, the trustees consider the risk of income shortfalls, the potential for budget Shortfalls. and other broader risks that could impact the charity. The current free reserves policy range approved by the board of trustees is £250,000, which is remewed each year to t8ke account of both intemal and external factors. The free reserves on 31 December 2024 of £586,025 are above the Board's target. The trustees last increased the required level of reserves in 2022 following the repayment of the property mortgage. The reseNes policy is kept under regular review and target levels are adjusted as assessments of risk and other factors develop or change. 10-
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Future developments ThroughoLrt 2025 MKCC will continue to provide public benefit through the delivery of our charitable activities. We will continue to deliver our charitable objedives through= On-going development and implementation of a strategy which encourages and facilitates church growth.. Continuing to maximise our volunteer participation., Assisting every individual to identify and take the next step in their spiritual joumey., On-going development and implementation of our FoK strategy which seeks to meet practical needs in our community., Continued support of LightForce Intemational and Into The Community" Continually seeking to develop and enhance the services Tiny Steps Day Nursery, Conferencing@ MKCC and Coffee Shop provide to the members of our IoGal community, Milton Keynes and surrounding areas. Promotion of our Sensory Suite to families throughout Milton Keynes who have at least one child w*h additional needs. Structure, governance and management Constttutlon Milton Keynes Christian Centre is incorporated 8s a charitable company limited by guarantee {¢harity number 1119304, Company number 5982564) govemed by its Memorandum and Articles ofAssocialion. Governance Our Govemance Board currently comprises the Chair and seven other trustees whose names are listed on the association information page of this document. We have all declared that we will cary out our respimsibilities as trustees of MKCC per th8 Charity Commission guidelines. Trustees have also considered the Good Govemance Code for the voluntary sector. As part of our induction and training as trustees, we were provided wth detailed infomation about MKCC and its various activities, including its memorandum and articles, accounts, financial reports and minutes of previous trustees, meetings. We, the trustees, form the membership of the charitable company. We have overall responsibility for overseeing MKCC'S stTh2tegy and operations, approving its budgets and for all its major decisions. The leadership of the church and management of the organisation's activities is delegated to the Senior Management team who report directly to the trustees providing feedback on performance and infom)ing trustees of future planning. Trustee's meetings are held at least four times a year. The Senior Management team comprises Mark Sherratt (Senior Pastor), Billy Ritchie {Executive Pastor), Nicola Ritchie (Associate Pastor), and Jon Keel {Discipleship Pastor). Rlsk management Vile regularly assess the major risks to which the charity is exposed and in particular,. those relatsd to reputation and stakeholder confidence in senior leadership, safeguarding children and vulnerable adults, Health and Safety, the fulfilment of regulatory requirements, business continuity and ensuring the long-term financial security of MKCC. The Governance board records all major risks identified within a risk register. Responsibility for maintainingl updating the Tisk register is delegated to a subcommittee chaired by a member of the Trustee Board. Throughout 2024 staff within the various departments updated sections of the nsk register and populated the register with livelcurrent risks - outworking MKCC'S "see it, say it, sorted, policy. 11
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees. who are also the directors for the purpose of company law, and vtho served during the year and to the date of signature of the financial statements were . Mark Sherratt, Senior Pastor Virginia Brown Peter Takacs Omotayo Kufeji, Chair Joseph Amaeze Jon Keel Gabrielle Osei John Els statement of Trustees. responslbllllles The Trustees (who are also the directors of the Charity for the purposes of company law) are respsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Group and the Charity and of their incoming resources and appIltiOn of resources, including their income and expenditure, for that period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistenlty; observe the methods and principles of the Charities SORP (FRS 102}', make judgments and accounting estimates that are reasonable and prudent., state vthether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concem basis unless it is inappropriate to presume that the Group will continue in business. The Twstees are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Audltor The auditor, Crouchers Ltd. has indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditor at a meeting of the Trustees. 12-
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE> TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Dlsclosur• of Inforniation to audltor Each of the persons who are Trustees at the time when this Trustees, report is approved has confirmed that". so far as that Trustee is aware, there is no relevant audit infomiats'on of which the charitable gup,8 auditor is unaware, and that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit infomiation and to establish that the charitsble group's auditOT is avtsre of that infomiation. The Trustees. report was approved by the Board of Trustees. Mark Sherratt. Senior Pastor Trustee Peter Takacs Trustse Date: . 30th July. 2025 13-
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF MILTON KEYNES CHRISTIAN CENTRE Oplnlon We have audited the financial statements of Milton Keynes Christian Centre (the parent Charitab company") and its subsidiary (the 'group') for the year ended 31 December 2024 which comprise the consolidated statement of financial activities. the consolidated balance sheet, the charity balance sheet, the consolidated statement of cash flows and notes to the financial statements, induding significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic ol Ireland (United Kingdom Generally Accepted Accounting Praclicè). In our opinion, the financial statements.. give a true and fair view of the state of the charitable companls affairs as at 31 December 2024 and of its incoming resources and application of resources, for the year then ended- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practi(t' and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for oplnlon We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit ol the financial statements section of our report. We are independent of the 'parent charitable company, in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to golng concern In auditing the financial statements, we have concluded that the Trustees, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the 'parent charitable company's abilty to conts'nue as a going concern for a period of at least fvielve months from when the financial statements are authorised for issue. Our responsibilitie5 and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. Other information The other infomiation comprises the information included in the annual report other than the finala1 statements and our auditor's report thereon. The Trustees are responsible for the other infomation contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any fom) of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so. consider vthether the other infomiation is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appear5 to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a materbal misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information. we are required to report that fact. We have nothing lo report in this regard. Oplnlons on other matters prescrlbed by the Companies Act 2006 the information given in the Trustees, Report for the financial year for which the financial statements are prepared is consistent wth the financial statements. the Trustees, Report has been prepared in accordance with applicable 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 Matters on whlch we are required to report by exception In the light of our knowledge and understanding of Ihe charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees, report. We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion.. the parent tharitable company has not kept adequate and sufficient accounting records, or returns adequate for our audit have not been received from branches not visited by us,. or the parent charitable company financial statements are not in agreernent with the accounting records and returns., or - certain disdosures of Trustees, remuneration specified by law are not made.. or we have not received all the information and explanations we require for our audit,. or the Trustees were not entitled to prepare the financial statements in accordance the small companies regime and take advantage of the small companies, exemptions in preparing the Trustees, report and from the requirement to prepare a Strategic report. the infonnation given in the financial statements is inconsistent in any material respect with the Trustees, report., or suffiaent accounting records have not been kept., or the financial statements are not in agreement with the acLounting records. or we have not received all the infom)ation and explanations we require for our audit. Responsibilities of Trustees As explained more fully in the statement of Trustees, responsibilities, the Trustees, who are also the directors of the 'parent charitable company, for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial ststements that are fr8e from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the 'parent Charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Auditorfs responsibilities for the audit of the financial statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance viith the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error. and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstat8ments can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, induding 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 the engagement team collectively had the appropriate competence and capabilities to identify or recognise non-compliance with laws and regulations, details of those matters about non-compliance with laws and regulations and fraud that were communicated to the engagement team, and any discussions with specialists on areas of the financial statements particularly susceptibl8 to fraud- we identified the laws and regulations applicable to the Group through discussions with Tnjstees and other management, and from our knowledge of charity and company law and experience., we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the Charitsble Company, including the Companies Act 2006. Charities Act 2011 and UK tax legislation, as well as those laws and regulations relating to the Group's operations such as data prolection, health and safety and employment legislation,. we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence.; identified laws and regulations were communicated with the audit team r8gularly and the team remained alert to instsnces of non-compliance throughoLrt the audit; and • we reviewed the minutes of Trustees, meetings to identify any references to non-compliances with laws and regulations. We assessed the susceptibility of the Group's financial statements to material misstatement, inclLKling obtaining and understanding of how fraud might occur. by.. making enquiries of management as to where they considered there was susceptibility to fraud. their knowledge of actual, suspected and alleged fraud. and considering the intemal controls in place to mitigate risks of fraud and non-compliance with lavrfs and regulations. To address the risk of fraud through management bias and override of controls, we.. tested joumal entries to identify unusual transactions; performed audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to.. agreeing financial statement disclosures to underlying supporting documentation,. • reading the minutes of meetings of those charged with govemance., enquiring of manag8ment as to actual and potential litigation and claims., and reviewing any correspondence with relevant regulators such as the Charity Commission. There are inherent limitalions in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance wth laws and regulations to enquiry of the Trustees and other management and the inspection of regulatory and legal COespOndence, rf any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities is available on the Financial Reporting Council's website at.. https-11 www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's 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 made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the ¢harity'S trustees those matters we are required to stste to them in an auditor's 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 charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed. Mr Darren Croueher Bsc {Hons) FCCA FCA (Senlor Statutory Auditor) For and on behalf of Crouchers Limited. Statutory Auditor Chartered Accountants 1 Copperhouse Court Caldecotte Milton Keynes Buckinghamshire MK7 8NL United Kingdom Date: .. 0.g1.os,17.(¢f 17-
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restrlcted funds funds 2023 2023 Total 2024 2023 Notes Income from: Donations and legacies Other trading activities Investments 1.140,722 1,278,308 91.606 164,011 1.304.733 1,278,308 91,606 1,108,128 1.042,349 91,624 148.425 1,256.553 1,042,349 91,624 Total income 2,510,636 164,011 2.674,647 2,242,101 148,425 2,390,526 Expendlture on: Raising funds Charitable activities Other expenditure 199,148 2,281,721 (590) 199,146 181,556 2,463,277 {590} 105,918 2,064,261 105,918 156,644 2,220,905 Totsl expenditure 2.480,277 181,556 2,661.833 2,170,179 156,644 2,326,823 Net incomel{exponditurel 30,359 (17.545) 12,814 71,922 (8,219) 63,703 Transfers between funds 113,104 (113,104) Net movement in funds 30,359 (17,545) 12,814 185.026 (121,323) 63,703 Reconclllatlon of funds: Fund balances at 1 January 2024 3,156,225 130,642 3,286,867 2,971,199 251,985 3.223,164 Fund balanc•s at 31 December 2024 3,188,584 113,097 3,299,681 3,156,225 130.642 3.286,867 The consolidated statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 18-
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note5 Fixed assots Tangible a&8ets 12 2,713,453 2,662,559 Current assets Stocks Debtors Cash at bank and in hand 14 15 1.506 54.512 772.560 1,380 56,584 742,910 828,578 800,874 Creditor5: amounts falllng due wlthin one year 16 {242,350) {176,566) Net current ass•ts 586,228 624,308 Total assets less current liabilities 3,299.681 3.286.867 The funds of the 'parent charitable company, Restricted fijnds 18 Unrestricted funds 19 113,097 3.186,584 130,642 3.156.225 3,299,681 3,286,867 The Trustees acknowledge their r8sponsibiliiies for complying vlith Ihe requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: Mark Shefratt, Senior Pastor Trustee Omotayo Kufeji. Chair Trustee 301011202 so11202 Company registration number 05982564 (England and Vvales) 19-
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) CHARITY BALANCE SHEET AS AT 31 DECEMBER 2024 Notes Flxed assets Tangible assets Investments 12 2.710.936 100 2,660,198 100 2,711.036 2,660,298 Current assets Debtors Cash at bank and in hand 16 63.034 761,381 58,501 725,587 824,415 784,088 Credltors: amounts falllng due within one y•ar 16 (227,186) (156,946) Net current assets 597,229 627,142 Total assets l•ss current Ilabllltles 3,308,265 3.287,440 Net assets 3.308,265 3,287,440 Income funds Restricted funds Unrestrided funds 18 113.097 3.308,265 130,642 3,156,798 3,308.265 3,287,440 The Trustee$ aCknOedge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. Omotayo Kufeji, Chair Trustee Mark Sherratt, Senior Pastor Trustee Company registration number 05982564 (England and Wales) -20-
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notes Cash flows from operating actfvltles Cash generated from operations 22 106,446 82.974 Investing activities Proceeds from disposal of intangibles Purchase of tangible fixed assets Proceeds from disposal of tangible fixed assets Investment income re*ived 590 {169,308) (48,296) 316 91,606 91,624 Not cash (used In)Igenerated from investing activitles (76.796) 43,328 Net cash generated from financing actlvities Net increase in cash and cash equivalents 29,650 106,302 Cash and cash equivalents at beginning of year 742,910 636,608 Cash and cash equlvalents at end of year 772,560 742,910 21
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Charity Infomiation The charity is a private company limited by guarantee, registered in England and Wales and is a registered in England and Wales. The address of the registered office is Strudwi¢k Drive, Oldbrook, Milton Keynes. MK6 2TG. The accounts have been prepared in sterfing and rounded to the nearest £. 1.1 Accountlng convention The financial statements have been prepared in accordance with the 'parent charitable company's governing document, the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK Republic of Ireland. {'FRS 102°} and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" (effective 1 January 2019). The 'P8rent charitable company, is a Public Benefrt Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the 'parent charitable companv. Monetary amounts in these financial statements are rounded to the nearest £. Milton Keynes Christian Centre meets the definition of a public benefrt entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. The Consolidated statement of financial activities (SOFA) and Consolidated balance sheet consolidate the financial statements of the Charity and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis. The Charity has taken advantage of the exemption allowed under section 408 of the Compani8s Act 2006 and has not presented its own Statement of financial activities in these financial statements. 1.2 Golng concern In approving these accounts, the Trustees have assessed whether the use of the going concem is appropriate and whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Trust to continue as a going concern. The Trustees make this assessment in respect of a period of at least one year from the date of the approval of the financial statements. Mfith the level of unrestricted funds and liquid assets available, the Trustee5 consider the organisation is in a stable financial position. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The Trustees consider that Ihe budgeted cashflow is sufficient with the level of unrestricted reserves for the Trust to be able to meet ils liabilities as they fall due. For this reason, the Trustees consider it appropriate for the financial statements to continue being prepared on a going concem basis. 1.3 Charitable funds General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Group and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Group for particular purposes. The costs of raising and administering such fvnds are Charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income, gain5 and losses are allocated to the appropriate fund. -22-
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcl8s {Continued) 1.4 Income All income in recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy daims in the estste. ReIpt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured. Grants are ineluded in the Consolidated statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Vvhere income is received in advance of entitlement of receipt, ils recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received. the income is accrued. Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are induded as income when they are sold. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Other income is recognised in the period in 1¢h it is receivable and to the extent the goods have been provided or on completion of the service. 1.5 Expgndlture Expenditure is recognised once the is a legal or constructive obligation to transfer economic benefit to a third party, it is prcbable that a transfer of economic beneffts will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of eath activty are made up of the total of direct costs and shared costs. including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on raising funds includes all expenditure incurred by the Group to raise funds for its charrtable purposes and includes costs of all fundraising activities events and non-charitable trading. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Group's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 1.6 Tanglble flxed assets Tangible fixed assets are capitalised and recognised when fijture economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cosl model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losse5. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. -23-
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (Continued) Depreciation is charged so as to allocate the Cost of tangible fixed assets less their residual value over their estimated useful lives. using the straight-line method. Depreciation is provided on the following bases: Freehold land and buildings Fixtures and fittings Motor vehides 20h 1100/0 200kn 1250/0 133.3% 200 1.7 Stocks stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 1.8 Cash and cash equivalents Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 1.9 Flnanclal instruments The Group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are inits-ally recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 1.10 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.11 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Group; this is normally upon notification of the interest paid or payable by the institution wilh whom the fijnds are deposited. Investments Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliabty in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as 'Gainsl(Losses) on investments, in the Con501idated statement of financial activities. Investments in subsidiaries are valued at cost less provision for impaiment. -24-
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies {Continued> 1.12 Llabllltles and provlslons Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of Ihe settlement can be estimated reliably. Liabilities are recognised at the amount that the Charty anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Vvhere the effect of the time value of money is material, the provision is based on the present value of th)se amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Consolidated statement of financial activities as a finance cost. Crltlcal accounting estimates and judgom•nts In the application of the 'parent charitable company's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underfying assumptions are reviewed on an ongoing basis. Revisions lo accounting estimates are recognised in the period in which the estimate is revised where the revision affects mly that period, or in the period of the revision and future periods where the revision affects both current and future periods. Crltlcal judgements Depreciation Based on useful economic lives which are set out in the accounting policies. These estimates are the best estimate based on past experience and expected perforrnan and are regularly reviewed to ensure remain appropriate. Income from donations and legacles Unrestricted Restrlcted funds funds 2024 2024 Total Unrestrl¢t•d Restricted funds funds 2023 2023 Total 2024 2023 Donations and gifts 1,140.722 164,011 1,304,733 1,108,128 148,425 1,256,553 Donatlons and glfts Tithes and offerings All In income Gift Aid Received 933,584 933,584 164,011 207,138 915,515 915,515 148,425 192,813 164.011 148,425 207.138 192,613 1,140,722 164,011 1,304.733 1,108,128 148,425 1,256,553 -25-
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from charitable activities Unrestrlcted funds 2024 Unrestricted funds 2023 Other tradlng a¢tlviti•s other ministry income Childcare income Coffee shop and conferencing income 46,519 1.048.279 183,510 30,765 871,860 139,724 1,278,308 1.042,349 Income from investments Unrestrlcted Unrestricted lunds funds 2024 2023 Rental income Interest receivable 80,714 10,892 82,810 8,814 91.606 91,624 Expenditure on ralsing funds Unrestrlcted Unrestrlcted funds funds 2024 2023 Fundralslng and publlclty Charges against rental income Trading costs 7,626 191.520 6,966 98,952 199.146 105,918 -26-
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expenditura on charftable actlvltles Charttable actlvltles 2024 Charltsble actlvlties 2023 Dlrect costs Childcare costs Ministry costs Mission giving Governance costs Propety and administration 813,329 1,054,383 173,370 11,418 410,777 720,775 966,895 127,948 5,400 399,887 2,483,277 2,220,905 Analysis by fund Unrestricted funds Restricted funds 2.281,721 181,556 2.064.261 156.644 2,463.277 2,220,905 The amount above excludes a further £25,750 (2023.. £25,750) of in-kind contribution lo Missions as disclosed in Note 18 Auditor's remuneration Fees payable to the charity's auditor and associates.. 2024 2023 For audit services Audit of the financial stalements of Ihe charity 5,100 5.100 Trustees During the year end8d 31 December 2024, no Trustees expenses have been incurred (2023: £NIL). During the year the following Trustees receiv8d remuneration and benefits of over £60.000.' Mark Sheffatt- £65,000 - £70,000 10 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number 56 55 -27-
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Employees (Continued Remuneration of k•y management personnel The remuneration of key management personnel was as follows: 2024 2023 Aggregate compensation 260,211 66,132 The key management personnel (KMP) includes the Trustees and those Members of staff who are senior management personnel to whom the Trustees have delegated responsibiliiy in the day-to-day running of the charity. Milton Keynes Christian Centre redefined its Senior Management Team in 2024, viith more staff classified as Key Management. 11 Taxation The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 12 Tanglble fixed assets Group Current flnaneial year Freehold land Fixtur•s and and bulldSngs ffttings Motor vehicles Total Cosl At 1 January 2024 Additions Disposals 3,842.095 146,671 322,120 22,637 (21,115) 14,750 4,178,985 169,308 (21,115) At 31 December 2024 3.988,766 323,642 14,750 4.327,158 Depreclatlon and Impairment At 1 January 2024 Depreciation charged in ttte year Eliminated in respect of disposals 1,247,749 95,206 253.907 22,892 <20.799) 14,750 1.516,406 118,098 {20,799} At 31 December 2024 1,342,955 256,000 14,750 1,613,705 Carrylng amount At 31 December 2024 2,645,811 67,642 2,713,453 At 31 December 2023 2,594.346 68,213 2,662,559 -28-
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 Tangible fixed assets {Contlnued) Charity Current financial year Frtthold land Fixturès and and bulldlng¥ ffttlngs Motor vohiGIo$ Total Cost At 1 January 2024 Additions Disposals 3,842,095 148,671 314,560 21,543 (20,718) 14,750 4.171,405 168,214 (20,718) At 31 December 2024 3,988,766 315,385 14,750 4,318,901 Depreclatlon and Impalrment At 1 January 2024 Depreciats'on charged in the year Elirninated in respect of disposals 1.247,749 95,206 248,709 21,953 (20,402} 14.750 1,511,208 117,159 {20,402) At 31 December 2024 1.342,955 250,260 14,750 1,607,965 Carrylng amount At 31 December 2024 2,645.811 65,125 2.710.936 At 31 December 2023 2.594.346 85,852 2,660,198 13 Flnanclal Instruments Goup 2024 Goup Charlty 2023 2024 Charty 2023 Carrylng amount of financlal assets Instruments measured at fair value through profft or loss 772,560 742,910 781,381 725,587 14 Stocks 2024 2023 Raw materials and consumables 1,506 1,380 -29-
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 15 Debtors Group 2024 Group 2023 Charity 2024 Charity 2023 Amounts falling due within one yoar. Trade debtors Amounts owed by fellow group undertakings other debtors Prepayments and accrued income 21,708 29,667 3,560 28,033 20,057 11,384 3,035 29,000 18.672 7,794 20,057 12,747 18,672 8,245 54.512 56,584 63,034 58,501 16 Creditors: amounts falllng due within one year Group 2024 Group 2023 Charlty 2024 Charlty 2023 Other taxation and social security Trade creditors other creditors Accruals and deferred income 27,702 52,930 55,068 106.650 28,912 55,773 43,228 48,653 39,399 50,998 33,389 103,400 23,322 48.033 39,563 46.028 242.350 176,566 227,186 156.946 17 Retlroment benefit schemes Defined contribution Schemes The 'parent charitable company, recognises that contributing to a pension fund is one of the most tax*fficient ways employees can save for their future as part of their retirement plans. MKCC operates a defined contribution pension scheme for all qualifying employees. contributing up to 1 OOA of salary inlo the funds of scheme members. The assets of the scheme are held separately from those of the 'parent charitable company in an independently administered fund. 18 Restrlcted funds The restricted funds of the charity Gomprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 January 2024 Incoming resources Resources expended Transfers At31 December 2024 All In Nursery Sensory suite 115,415 2.861 12.366 164,011 (181,558) 15,227 (2,861) {12,366) 113,097 130.642 164,011 <181,556) 113.097 -30-
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 18 Restrlcted funds {Continued Prevlous year: At 1 January 2023 In¢omlng resources Resources expended Transfers At31 December 2023 All In Nursery Sensory suite 234,145 6.885 10.935 146,994 (152.620) (4,024) (113,104) 115.415 2,881 12.366 1,431 251,965 148.425 (156,644) (113,104) 130.642 All In - Each year we talk to our church family about specific ministry activities and offer an opportunity for individuals to pledge their financial support and partner with us as we seek to bring people to Jesus and equip them to be fully devoted followers of Christ. Nursery & Sensory Suite These funds were expended in 2023. Adjustments made to ensure the All In restricted fund balance is correct as at 31 st December 2024. 19 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific Mndttions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 January 2024 Incoming resources Resources expended Transfers At31 December 2024 General Funds- all funds Fixed assets 2,637,783 518.442 2,510,636 {2,480.277) 2,668.142 518.442 3,156,225 2,510.636 (2.480.277) 3,186.584 Prevlous year: At 1 January 2023 Incoming resources Resources expended Transfers At31 December 2023 General Funds - all funds Fixed ass8ts 2,452.757 518,442 2,242,101 (2,170,179) 113,104 2.637,783 518,442 2,971,199 2,242.101 (2,170,179) 113,104 3,158,225 31
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 20 Analysls of net assets between funds Unrestricted fund$ 2024 Restrlcted funds 2024 Total 2024 At 31 December 2024: Tangible assets Current assetsl(liabilities) 2,600,356 586,228 2.600,356 586,228 3.186.584 3,186,584 Unrestricted funds 2023 Restricted funds 2023 Total 2023 At 31 December 2023: Tangible assets Current assetsl(liabilities) 2,662,559 493,666 2,662,559 624,308 130,642 3,156,225 130,642 3,286,867 21 Relatsd party transactlons Transactions wlth related parties During the year the 'parent charitable Mpany' entered into the following transactions with related parties: The Trustees recognise that LightForce International, the missions arm of the church, is a related party. A Memorandum of Understanding exists between Milton Keynes Christian Centre and Lighfforce International defining their relationship. Lightforce International has a separate constitution and Trustee Body from that of Milton keynes Christian Cerbtre. Milton Keynes Christian Centre pioneered the work of LightForce Intemational and Ihe partnership between the charities enable the church to effectively fulfil its mission whilst enriching Ihe church in many ways. George Ridley is employed as a pastor (Minister of Religion) at Milton Keyne5 Christian Centre. Mark Sherratt's appointment as senior pastor in 2001 has enabled Milton Keynes Christian Centre to release more of George Ridley's time to develop the work of the overseas mission. This equates to £57,270 (2023= £55,743). In addition, other donations were made to Lightforce International amounting to £138,074 (2023= £155,952) and £25.750 {2023= £25,750) in kind, being the provision of office space. The Trustees also recognised that Into the Community, is a related paty. Some of the Trustees of Into the Community are also Trustees of Milton Keynes Christian Centre. Milton Keynes Christian Centre passed donations given by church members to the Food Bank totalling £5,865 (2023.. £3,094) and gifted a further £5,000 {2023'. £5000) in-kind, being the provision of space within their foyer to undertake their weekly serving sessions. MiFton Keynes Christian Centre also passed on weekly food donations collected on behalf of the Food Bank and arranged for the Food Bank to receive the Christmas hampers collected as part of their annual reverse advent appeal. 32-
MILTON KEYNES CHRISTIAN CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 (Continued) The principal contacts and addresses of LightForce International and Into the Community are: Mr G Ridley LightForce Intemational strudwick Drive Oldbrook Milton Keynes MK6 2TG www.lightforce,org,uk Mr lan Baird Into the Communty strudwick Drive Oldbrook Milton Keynes MK6 2TG www.mkfoodbank.org.uk 22 Cash generated from operations 2024 2023 Surplus for the year 12,814 83,703 Adjustments for: Investment income recognised in statement of financial activities Gain on disposal of intsngible assets Depreciation and impairment of tangible fixed assets (91,606) (590) 118,098 (91,624) 129.263 Movements In worklng capital: {Increase) in stocks Decrease in debtors Increasel(decrease) in creditors (126) 2,072 65,784 (1,380) 913 (37,901) Cash generated from operations 106,446 62,974 -33-