| Contents | ||||
|---|---|---|---|---|
| Chair's Statement | ||||
| Directors' Annual Report. |
. | |||
| Structure, governance | and | management. | ||
| Objectives and activities. .. | ||||
| Achievements and performance. |
. | |||
| Fundraising approach. |
||||
| Looking forward ... | ||||
| Financial review. |
||||
| Reserves ..... | ||||
| Public benefit statement. | ||||
| Principal risks and uncertainties |
||||
| Responsibilities ofthe |
Directors | 10 | ||
| Independent Examiner's |
Report | |||
| FinancialStatements. | .12 | |||
| Statement of Financial Activities. . | .12 | |||
| Balance Sheet.. | .13 | |||
| Notes to the Accounts. | .14 | |||
| Reference and administrative | details | .19 | ||
| Our Supporters. . | .20 |
| Note | 2020/2021 | 2019/2020 | ||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||||
| Income | ||||||||
| Individual Donations |
72,501 | 72,501 | 20,912 | |||||
| Legacies | 6,579 | 6,579 | ||||||
| Corporate/Group | Donations | 59,813 | 59,813 | 94,256 | ||||
| Gift Aid | 9,844 | 9,844 | 6,527 | |||||
| Grants from MK Council | 25,000 | 25,000 | 25,000 | |||||
| Grants from other | sources | 11,068 | 158,386 | 169,454 | 45,502 | |||
| Rent received | 4,035 | 4,035 | ||||||
| Housing Benefit |
(209) | (209) | 32,873 | |||||
| Interest | 98 | 98 | 287 | |||||
| 188,729 | 158,386 | 347,115 | 225,357 | |||||
| Expenditure | ||||||||
| Venue costs | 7,336 | 3,610 | 10,946 | 19,949 | ||||
| Staff salaries and Volunteer | costs | 87,812 | 50,110 | 137,922 | 86,399 | |||
| Guest Transport | 626 | 578 | 1,204 | 27,472 | ||||
| Guest Support | 14,069 | 38,416 | 52,485 | 19,727 | ||||
| Utilities | 19,512 | 19,512 | 18184 | |||||
| Refurbishment | 500 | |||||||
| Debt Write-off | 12,500 | |||||||
| Management a Administration | 33,286 | 8,264 | 41,550 | 14,970 | ||||
| 162,641 | 100,978 | 263,619 | 199,701 | |||||
| Surplus for the year | 26,088 | 57,408 | 83,496 | 25,656 | ||||
| Fund balance brought | forward | 216,486 | 216,486 | 190,830 | ||||
| Fund balance carried | forward | 15 | ~242 5 4 | 57408 | ~299982 | ~216486 |
| Unrestricted | Restricted | 2020/2021 | 2019/2020 | |||
|---|---|---|---|---|---|---|
| funds | funds | Total funds | ||||
| Note | f | f | f | f | ||
| Fixed Assets | 9 | 583,505 | 5,553 | 589,058 | tp660 | |
| Current Assets | ||||||
| Cash at bank | 36,799 | 42,919 | 79,718 | 126,508 | ||
| 32 Day Notice Account | 100,248 | |||||
| Debtors &Prepayments | 10 | 538 | 538 | 6892 | ||
| 37.337 | 42,919 | 80,256 | 233,648 | |||
| Creditors: amounts | falling due | |||||
| within one year | ||||||
| Creditors &Accruals | 11-13 | 28 129 | ~28 129 | L118822. | ||
| NET CURRENT ASSETS | 9,208 | 42,919 | 52,127 | 214,826 | ||
| Creditors: amounts | falling due after | |||||
| more than one year | 12&13 | (341,203) | (341,203) | |||
| TOTAL NET ASSETS | 251,510 | 4S,472 | 299,982 | 216,4S6 | ||
| Charity Reserves | ||||||
| Designated Property |
Fund | 14.1 | 213,995 | 90,000 | ||
| seneralFunds | 37,515 | 126,486 | ||||
| Restricted Funds |
15 | 48,472 | ||||
| Total Funds | 299,982 | 216,486 |
| 2021/20 | 2019/20 | |
|---|---|---|
| E | E | |
| Wages &Salaries | 132,287 | 83,931 |
| Social Security Costs | 3,524 | 266 |
| Pension | 2,111 | 2,202 |
| 137,922 | 86,399 |
| Land & | Plant & | TOTAL | ||
|---|---|---|---|---|
| Buildings | Equipment | |||
| f | E | |||
| Cost | ||||
| Brought | forward | 1,840 | 1,840 | |
| Additions | 581995 | 8766 | 590761 | |
| Carried | forward | 581,995 | 10,606 | 592,601 |
| Accumulated De reciation |
||||
| Brought | forward | (180) | (180) | |
| Charge | in the year | ~1940 | (~1423 | ~3363 |
| Carried | forward | (1,940) | (1,603) | (3,543) |
| Net Book Value | ||||
| As at 30'" April 2020 | 166 | |||
| As at 30'" April 2021 | 580055 | ~9003 | 58 058 |
| 0 D |
ebtors &Prepayments | ||
|---|---|---|---|
| 2020/21 | 2019/20 | ||
| f | f | ||
| Donations & Fundraising | 496 | 5,445 | |
| Housing | Benefit | 732 | |
| Other | 42 | 715 | |
| Total | 538 | 6,892 |
| 2020/21 | 2019/20 | |||
|---|---|---|---|---|
| 6 | E | |||
| Bank loans and overdrafts | (see Note 13) | 24,857 | ||
| Deferred | MKDP Grant | 6,250 | ||
| Deferred | Covid-19 Grant | 8,936 | ||
| Fundraising Expenses |
2,000 | 2,000 | ||
| Accrued | Costs | 1.272 | 1,636 | |
| Total | 28,129 | 18,822 |
| 12 | Creditors: Amounts | Creditors: Amounts | falling due after more than one year | falling due after more than one year | falling due after more than one year | ||
|---|---|---|---|---|---|---|---|
| 2020/21 | 2019/20 | ||||||
| f | f | ||||||
| Bank loans (see note 13) | 341203 | ||||||
| 13 | Secured Debts | ||||||
| The following | secured borrowing | is included | within creditors: | ||||
| 2020/21 | 2019/20 | ||||||
| f | f | ||||||
| Bankloans | 366060 |
| 15.1 Movement in fu |
nds | ||||
|---|---|---|---|---|---|
| Net | Movement | ||||
| At 01/05/20 | in Funds | Transfers | At 30/04/21 | ||
| Unrestricted funds |
|||||
| General funds | 126,486 | (178,971) | 90,000 | 37,515 | |
| Designated fund: Property fund |
90000 | 213995 | ~90 DDD | ||
| 216,486 | 35,024 | 251,510 | |||
| Restricted funds | |||||
| Homeless Link |
5,553 | 5,553 | |||
| MKCF* Covid Response | Manager | 12,257 | 12,257 | ||
| MKCF* Food Grant | 6,739 | 6,739 | |||
| West Midlands Trains Ltd |
16,767 | 16,767 | |||
| Personal Medical Group |
2,156 | 2,156 | |||
| MCKS* | 5000 | 5000 | |||
| 48472 | 48472 | ||||
| Total Funds | 216486 | 299982 | |||
| 15.2 Details of all movement |
in funds during the year: | ||||
| Incoming | Resources | Movement | |||
| Resources | expended | in funds | |||
| f | |||||
| Unrestricted funds |
|||||
| General funds | 197,665 | (162,641) | 35,024 | ||
| Restricted funds | |||||
| Homeless Link |
67,050 | (61,497) | 5,553 | ||
| MKCF* Covid Response | Manager | 29,400 | (17,143) | 12,257 | |
| MKCF* Small Grant | 3,000 | (3,000) | |||
| MKCF* DCMS | 3,000 | (3,000) | |||
| MCKS* Food Grant | 5,000 | 5,000 | |||
| MKCF* Food Grant | 9,000 | (2,261) | 6,739 | ||
| West Midlands Trains Ltd |
27,000 | (10,233) | 16,767 | ||
| Personal MedicalGroup | 6000 | (~3844 | 2 156 | ||
| 149450 | ~100978 | 48472 | |||
| Total Funds | ~347115 | 263619 | ~84 6 |
| The Charity's | directors | |||||
|---|---|---|---|---|---|---|
| The directors | who served the Charity | during the period | were as follows: | |||
| Richard Wightman | (Chair) | |||||
| Anne Crowter (resigned | November | 2020) | ||||
| Emily Desborough | (appointed | September 2021) | ||||
| Donna Elliott | ||||||
| Stuart Griffith | ||||||
| Donna Harris (appointed |
August 2020) | |||||
| Oliver Keeler (resigned | September 2021) | |||||
| Brian Stocker (resigned | August | 2020) | ||||
| Linda Cherrington | (appointed | October 2021) | ||||
| Emily Purchase (appointed October |
2021) | |||||
| Company Secretary | Anne Crowter (resigned | November | 2020) | |||
| Stella Wallace (appointed November |
2020) | |||||
| Finance Director | Oliver Keeler (resigned September 2021) | |||||
| Linda Cherrington | (appointed | October 2021) | ||||
| Independent | Examiner | Stephen Dunham, |
||||
| Broughton, | ||||||
| Milton Keynes | ||||||
| Bankers | Lloyds Bank pic, | |||||
| 15-17The Square, | ||||||
| Waive rton, | ||||||
| MK12 SDG | ||||||
| Solicitors | Rutter and Rutter | Solicitors | ||||
| StAudreys, | ||||||
| Wincanton, | ||||||
| Somerset, | ||||||
| BA9 9DR |