2023-03-31-accounts

M.A. Centre UK (A company limited by guarantee)

Charity Registration No: 1133537 Company Registration No: 06793389

Financial Statements for the year ended 31st March 2023

Wenn Townsend

Chartered Accountants

Oxford

M.A. Centre UK

(A company limited by guarantee)

Contents

Reference and administrative details	1
Report of the trustees	2 - 4
Report of the independent examiner	5
Statement of financial activities	6
Balance sheet	7
Statement of cash flows	8
Notes to the financial statements	9 - 17

M.A. Centre UK (A company limited by guarantee)

Reference and Administrative Details

Trustees:	Mr A Varma
	Mrs K Clare
	Mrs L Prasad
	Ms K S Fennell
	Ms R Sadanandan
	Mrs Y S Vakees
	Mr M Sriharan
	Mr S D Mousley
	Mr S N Panicker
	Mr M Velasevic
Company Secretary:	Mrs Y S Vakees
Registered office:	40a Letchworth Drive
	Bromley
	London
	BR2 9BE
Charity registration numbers:	1133537
Company registration number:	06793389
Solicitors:	New Media Law Solicitors
	24 Hanover Square
	Mayfair
	London
	W1S 1JD
Bankers:	The Co-operative Bank
	PO Box 250
	Skelmersdale
	WN8 6WT
Independent examiner:	L J Baker FCA
	Wenn Townsend
	30 St Giles
	Oxford
	OX1 3LE

- 1 -

M.A. Centre UK (A company limited by guarantee)

Trustees' report on the accounts for the year ended 31st March 2023

The trustees are pleased to present their annual directors’ report together with the financial statements of the charity for the year ending 31st March 2023 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

The financial statements comply with the Companies Act 2006, the Memorandum and Articles of Association, and The financial statements have been prepared in accordance with 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, and UK Generally Accepted Accounting Practice.

Our purposes and activities

The M.A. Centre UK is a branch of The Mata Amritanandamayi Math (M.A. Math) an international charitable organization aimed at the spiritual and material upliftment of people and supports humanitarian activities in India and worldwide through a network of charitable projects under the banner - Embracing the World.

Activities include international aid and relief programmes, education and research projects all aimed at the development, enrichment and empowerment of diverse communities. Embracing the World projects are inspired by the life and teachings of Sri Mata Amritanandamayi, a globally recognised humanitarian and spiritual leader known throughout the world as 'Amma'. She has served the world-community for decades, imparting wisdom, strength and inspiration.

The M.A. Centre UK aims to serve and contribute to the local community by offering spiritual, ecological, educational, health and wellbeing programmes. Workshops include one day meditation courses, "Get Growing" courses to inspire and educate people to grow their own vegetables, tree planting classes and eco/environmental programmes, yoga classes, retreats, and youth programmes. M.A. Centre UK also provides a base from which disaster relief and fundraising efforts can be run when needed, providing financial support for charitable initiatives in the UK and overseas.

Our volunteers

The charity relies heavily on voluntary help to generate funds through various events and programmes.

Reserves policy and going concern

Reserves are needed to bridge the gap between the spending and receiving of income and to cover unplanned emergency repairs and other expenditure. The trustees consider that the ideal level of reserves as at 31st March 2023 would be £125,000.

Our balance sheet remains strong with net current assets of £286,121 (2022: £278,150) and the ownership of the freehold property at 40a Letchworth Drive and 211 Fairacres, and 66 Hayes Lane, Bromley, Kent. The trustees have reviewed the state of the charity and are of the opinion that adequate funds continue to be available to finance the activities of M.A. Centre UK for the foreseeable future and are of the view that it is a going concern.

Plans for future periods

The hall continues to be hired out to the benefit of the local community and offers a substantial facility for activities of the Charity. Planning permission has been obtained for a substantial commercial kitchen area with a cafe and a dedicated dining area.

- 2 -

M.A. Centre UK (A company limited by guarantee)

Trustees' report on the accounts for the year ended 31st March 2023

Structure, Governance and Management

Governing Document

M.A. Centre UK is a company limited by guarantee governed by its Memorandum and Articles of Association dated 4 July 2011. It is registered as a charity with the Charity Commission.

Appointment of trustees

As set out in the Articles of Association the directors shall be the trustees of the charity and be nominated and appointed accordingly.

Trustees

New trustees/directors will make themselves aware of:

• their legal obligations under charity and company law,

• the content of the Memorandum and Articles of Association,

• the management committee and decision-making processes, and recent financial performance of the charity.

Organisation

The board of trustees/directors, which can have up to 15 members, administers the charity. The board normally meets weekly.

Related parties and co-operation with other organisations

None of our trustees receive remuneration or other benefit from their work with the charity. Any contractual relationship with other organisations and a related party must be disclosed.

Pay policy for senior staff

The directors consider the board of directors, who are the Trust’s trustees, and the senior management team comprise the key management personnel of the charity in charge of directing and controlling, running and operating the charity on a day-to-day basis. All directors give of their time freely and no director received remuneration in the year.

Risk management

The trustees have a risk management strategy which comprises:

• an annual review of the principal risks and uncertainties that the charity face;

• the establishment of policies, systems and procedures to mitigate those risks identified in the annual review; and

• the implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise.

Financial risk is a regular review of available liquid funds to settle debts as they fall due, and active management of trade debtors and creditors balances to ensure sufficient working capital.

Attention is also focussed on non-financial risks resulting from fire, health and safety and food hygiene. These risks are managed by ensuring accreditation is up to date, having robust policies and procedures in place, and regular awareness training for those involved and working in these operational areas.

- 3 -

M.A. Centre UK (A company limited by guarantee)

Trustees' report on the accounts for the year ended 31st March 2023

Trustees’ responsibilities in relation to the financial statements

The charity trustees (who are also the directors of M.A. Centre for the purposes of company law) are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing the financial statements, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that

the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement as to disclosure to our independent examiner

In so far as the trustees are aware at the time of approving our trustees’ annual report:

• there is no relevant information, being information needed by the examiner in connection with preparing their report, of which the examiner is unaware, and

• the trustees, having made enquiries of fellow directors and the examiner that they ought to have individually taken, have each taken all steps that he/she is obliged to take as a director in order to make themselves aware of any relevant information and to establish that the examiner is aware of that information.

By order of the board of trustees

31 January 2024

- 4 -

M.A. Centre UK

(A company limited by guarantee)

Independent Examiner’s Report to the Trustees of M.A. Centre UK

I report to the charity trustees on my examination of the accounts of the company for the year ended 31st March 2023 which are set out on pages 6 to 17.

Responsibilities and basis of report

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

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

Independent examiner's statement

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

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

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

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

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

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

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

Lee Baker BA FCA For and on behalf of Wenn Townsend Chartered Accountants Oxford

31 January 2024

Wenn Townsend is eligible to act as an independent examiner in terms of section 1212 of the Companies Act 2006.

- 5 -

M.A. Centre UK

(A company limited by guarantee)

Statement of Financial Activities (incorporating Income and Expenditure Account) for the year ended 31st March 2023

		Unrestricted	Designated	Total	Total
		funds	funds	funds	funds
		2023	2023	2023	2022
		£	£	£	£
Income from:
Donations and legacies	2	91,671	-	91,671	135,936
Other income	3	29,877	-	29,877	61,764
		───────	───────	───────	───────
Total income		121,548	-	121,548	197,700
		───────	───────	───────	───────
Expenditure on:
Charitable activities	4, 5, 6	121,631	53,332	174,963	78,995
		───────	───────	───────	───────
Total expenditure		121,631	53,332	174,963	78,995
		───────	───────	───────	───────
Transfer between funds		(9,820)	9,820	-	-
Net movement in funds		(9,903)	(43,512)	(53,415)	118,705
Reconciliation of funds:
Total funds brought forward		303,225	2,748,133	3,051,358	2,932,653
		───────	───────	───────	───────
Total funds carried forward		293,322	2,704,621	2,997,943	3,051,358
		═══════	═══════	═══════	═══════

The notes on pages 9 to 17 form part of these accounts

- 6 -

M.A. Centre UK

(A company limited by guarantee) Company Number 06793389

Balance sheet

At 31st March 2023

Note Fixed Assets Tangible Assets 8 Current Assets Stock Debtors Cash at Bank and in Hand 9 Creditors: amounts falling due within one year 10 Net Current Assets Creditors: due in more than year 11 Net Assets Charity Funds: Unrestricted funds Designated funds 12 12 Total funds		Unrestricted Funds 2023 21,314 3,418 97,529 181,366 282,313 (10,305)	Designated Funds 2023 3,805,795 - - - - -	Total Funds 2023 3,827,109 3,418 97,529 181,366 282,313 (10,305)	Unrestricted Funds 2022 25,075 864 20,279 262,457 283,600 (5,450)	Designated Funds 2022 2,748,133 - - - -	Total Funds 2022 2,773,208 864 20,279 262,457 283,600 (5,450)
		272,008 -	- (1,101,174)	272,008 (1,101,174)	278,150 -	-	278,150 -
		293,322	2,704,621	2,997,943	303,225	2,748,133	3,051,358
		293,322 -	- 2,704,621	293,322 2,704,621	303,225	- 2,748,133	303,225 2,748,133
		293,322	2,704,621	2,997,943	303,225	2,748,133	3,051,358

For the financial year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.

The company’s financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

The financial statements were approved and authorised for issue by the Trustees on 31 January 2024 and signed on their behalf by:

………………………….

M Sriharan (Trustee)

The notes on pages 9 to 17 form part of these accounts

- 7 -

M.A. Centre UK

(A company limited by guarantee)

Notes to the accounts for the year ended 31st March 2023

1. Accounting policies

a) General information

M.A. Centre UK is a charitable company limited by guarantee and incorporated in England and Wales. The registered address can be found on page 1 and details of the principal activities are set out in the Trustees Annual Report.

b) Basis of preparation of financial statements

These accounts have been prepared on an accruals basis and include income and expenditure as they are earned or incurred, rather than as cash is received or paid. The financial statements have been prepared in accordance with 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, and UK Generally Accepted Accounting Practice..

M.A. Centre UK meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

c) Company status

The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.

d) Going concern

The company has a strong cash balance, and adequate reserves, and is expecting adequate income to cover future plans. In the opinion of the trustees therefore there are no material uncertainties about the ability of M.A. Centre UK to continue operating. The accounts are accordingly prepared on the Going Concern basis.

e) Income

All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

For legacies, entitlement is taken as the earlier of the date on which either: the company is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the company has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the company, or the company is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

0

Donated services or facilities are recognised when the company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the company of the item is probable and that economic benefit can be measured reliably.

- 9 -

M.A. Centre UK (A company limited by guarantee)

Notes to the accounts (continued) for the year ended 31st March 2023

1. Accounting policies (continued)

e) Income (continued)

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the company which is the amount the company would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

f) Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity 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.

Support costs are those costs incurred directly in support of expenditure on the objects of the company. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements.

g) Tangible fixed assets and depreciation

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of Financial Activities incorporating income and expenditure account.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Land - Nil Buildings - 2% Straight line Computer equipment - 15% Reducing balance Fixtures & Fittings - 15% Reducing balance

h) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the Bank.

i) Operating leases

Rentals under operating leases are charged to the Statement of Financial Activities incorporating income and expenditure account on a straight-line basis over the lease term.

- 10 -

M.A. Centre UK

(A company limited by guarantee)

Notes to the accounts (continued) for the year ended 31st March 2023

1. Accounting policies (continued)

j) 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.

k) Cash at bank and in hand

Cast 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.

l) Liabilities and provisions

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

m) Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially 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.

n) Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.

Exchange gains and losses are recognised in the Statement of Financial Activities incorporating income and expenditure account.

o) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.

p) Critical accounting estimates and areas of judgment

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are in relation to the useful life of fixed assets, which are written off in accordance with the depreciation policies in Note g).

- 11 -

M.A. Centre UK (A company limited by guarantee)

Notes to the accounts (continued) for the year ended 31st March 2023

2. Income from donations and legacies

		Unrestricted	Designated	Total	Total
		funds	funds	funds	funds
		2023	2023	2023	2022
		£	£	£	£
	Donations	91,671	-	91,671	113,936
	Legacies	-	-	-	22,000
		───────	───────	───────	───────
		91,671	-	91,671	135,936
		═══════	═══════	═══════	═══════
3.	Other income
		Unrestricted	Designated	Total	Total
		funds	funds	funds	funds
		2023	2023	2023	2022
		£	£	£	£
	Rental income	992	-	992	-
	Sundry income	-	-	-	920
	Event income	2,060	-	2,060	7,309
	Service income	4,213	-	4,213	1,160
	Product sales	8,382	-	8,382	32,711
	Hall Hire income	14,230	-	14,230	7,897
	Grant income	-	-	-	11,767
		───────	───────	───────	───────
		29,877	-	29,877	61,764
		═══════	═══════	═══════	═══════
4.	Charitable activities
		Unrestricted	Designated
		Funds	Funds	Total	Total
		2023	2023	2023	2022
		£	£	£	£
	Direct costs:
	Event expenses	4,069	-	4,069	3,754
	Product purchases	2,765	-	2,765	4,391
	Insurance	5,265	-	5,265	2,679
	Donations	-	-	-	117
	Support costs (note 5)	106,482	53,332	159,814	64,979
	Governance costs (note 6)	3,050	-	3,050	3,075
		───────	───────	───────	───────
		121,631	53,332	174,963	78,995
		═══════	═══════	═══════	═══════

- 13 -

M.A. Centre UK

(A company limited by guarantee)

Notes to the accounts (continued) for the year ended 31st March 2023

5. Support costs

		Unrestricted	Designated
		Funds	Funds	Total	Total
		2023	2023	2023	2022
		£	£	£	£
	Office costs	5,995	-	5,995	3,026
	Legal and professional fees	826	-	826	1,589
	Printing, postage and stationery	1,154	-	1,154	564
	Rates	6,173	-	6,173	1,041
	Repairs and maintenance	67,858	-	67,858	33,685
	Sundry	1,239	-	1,127	2,376
	Security	314	-	314	65
	Light, heat & power	7,343	-	7,343	3,524
	Bank charges	164	-	646	266
	Internet costs	1,590	-	1,590	1,684
	Travel & Accommodation	5,202	-	5,202	387
	Advertising & Promotional Costs	4,863	-	4,863	1,680
	Interest payable	-	21,186	21,186	-
	Depreciation	3,761	32,146	35,907	15,092
		───────	───────	───────	───────
		106,482	53,332	160,184	64,979
		═══════	═══════	═══════	═══════
6.	Governance costs
		Unrestricted	Designated	Total	Total
		Funds	Funds	Funds	funds
		2023	2023	2023	2022
		£	£	£	£
	Independent examiner’s remuneration	3,050	-	3,050	3,075
		───────	───────	───────	───────
		3,050	-	3,050	3,075
		═══════	═══════	═══════	═══════

- 13 -

M.A. Centre UK (A company limited by guarantee)

Notes to the accounts (continued) for the year ended 31st March 2023

7. Net income/(expenditure)

This is stated after charging:

	2023	2022
	£	£
Depreciation of tangible fixed assets	35,907	15,092
Independent examiner’s remuneration	3,050	3,075
	═════	═════
During the year, no Trustees received any remuneration (2022: £Nil).
During the year, no Trustees received any benefits in kind (2022: £Nil).
During the year, Trustees received reimbursed expenses totalling £6,204 (2022: £188).

8. Tangible fixed assets

	Land &	Fixtures &
	Buildings	Fittings	Total
	£	£	£
Cost
At 1st April 2022	2,780,945	37,184	2,818,129
Additions	1,089,808	-	1,089,808
	───────	───────	───────
At 31st March 2023	3,870,753	37,184	3,907,937
	───────	───────	───────
Depreciation
At 1st April 2022	32,812	12,109	44,921
Charge for the year	32,146	3,761	35,907
	───────	───────	───────
At 31st March 2023	64,958	15,870	80,828
	───────	───────	───────
Net book value
At 31st March 2023	3,805,795	21,314	3,827,109
	═══════	═══════	═══════
At 31st March 2022	2,748,133	25,075	2,773,208
	═══════	═══════	═══════

- 14 -

M.A. Centre UK (A company limited by guarantee)

Notes to the accounts (continued) for the year ended 31st March 2023

9.	Debtors
		2023	2022
		£	£
	Trade debtors	9,419	9,613
	Other debtors	37,846	7,563
	Prepayments	50,264	3,103
		─────	─────
		97,529	20,279
		═════	═════
10.	Creditors: Amounts falling due within one year
		2023	2022
		£	£
	Trade creditors	-	2,700
	Accruals and deferred income	2,900	2,750
	Other creditors	7,405	-
		─────	─────
		10,305	5,450
		═════	═════
11.	Creditors: Amounts falling due in more than one year
		2023	2022
		£	£
	Loans	1,101,174	-
		─────	─────
		1,101,174	-
		═════	═════

During the year, interest of £21,186 was charged on the loan.

- 15 -

M.A. Centre UK (A company limited by guarantee)

Notes to the accounts (continued) for the year ended 31st March 2023

12.	Funds Summary - 2023
			At 1st April	Net Movement At 31st March
			2022	in Funds	2023
			£	£	£
	Unrestricted Funds
	General Fund		303,225	(9,903)	293,322
			═══════	═══════	═══════
	Designated Funds
	Building Fund		2,748,133	(43,512)	2,704,621
			═══════	═══════	═══════
	Net movement in funds, included in the above are as		follows:
		Incoming	Resources	Transfer	Net
		Resources	Expended	between	Movement
				Funds	in Funds
		£	£	£	£
	Unrestricted Funds
	General Fund	121,548	(121,631)	(9,820)	(9,903)
		═══════	═══════	═══════	═══════
	Designated Funds
	Building Fund	-	(53,332)	9,820	(43,512)
		═══════	═══════	═══════	═══════
	Funds Summary - 2022
			At 1st April	Net Movement At 31st March
			2021	in Funds	2022
			£	£	£
	Unrestricted Funds
	General Fund		222,036	81,189	303,225
			═══════	═══════	═══════
	Designated Funds
	Building Fund		2,710,617	37,516	2,748,133
			═══════	═══════	═══════
	Net movement in funds, included in the above are as		follows:
		Incoming	Resources	Transfer	Net
		Resources	Expended	between	Movement
				Funds	in Funds
		£	£	£	£
	Unrestricted Funds
	General Fund	197,700	(68,001)	(48,510)	81,189
		═══════	═══════	═══════	═══════
	Designated Funds
	Building Fund	-	(10,994)	48,510	37,516
		═══════	═══════	═══════	═══════

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M.A. Centre UK (A company limited by guarantee)

Notes to the accounts (continued) for the year ended 31st March 2023

13. Related party transactions

During the year trustees were reimbursed expenses totalling £874 (2022: £188).

Aggregate donations during the year from related parties amounted to £17,850 (2022: £14,832).

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