| Contents | |||
|---|---|---|---|
| Chair's Statement. . | |||
| Directors' Annual Report: |
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| Structure, governance and management |
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| Objectives and activities. . | |||
| Achievements and performance. |
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| Fundra ising approach .. | |||
| Looking forward .. | .5 | ||
| Financial review .. | .S | ||
| Reserves Policy. | |||
| Public benefit statement. | |||
| Principal risks and uncertainties: |
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| Risk management. . | |||
| Responsibilities ofthe Directors ..... |
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| Independent Examiner's Report |
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| Statement ofFinancial Activities (incorporating | income and expenditure) | ... | ....10 |
| Balance Sheet as at 30w April 2023.. | |||
| Notes to the accounts | 1 2-18 | ||
| Reference and administrative details . |
.19 | ||
| Our Supporters ............................................................................................... | .20 |
| S | tatent 11iot I'lnanciul Activities |
tatent 11iot I'lnanciul Activities |
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|---|---|---|---|---|---|---|---|
| ( | I | IlcI & I 'p0r,trIil8 Il1C0Iu e a l1dl vXpeI1iiRll I'a) |
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| Iyote | 2022/2023 | 2021/2022 | |||||
| Unrestricted | Restricted | Total | Total | ||||
| E | |||||||
| Income | |||||||
| Individual Donations |
89,826 | 5,397 | 95,223 | 109,424 | |||
| Legacies | |||||||
| Corporate/Group | Donations | 63,089 | 9,176 | 72,265 | 131,384 | ||
| Gift Aid | 10,239 | 970 | 11,209 | 11,018 | |||
| Grants from MK City Council | 51,567 | 2,117 | 53,684 | 29,292 | |||
| Grants from other | sources | 32,914 | 249,528 | 282,442 | 43,597 | ||
| Other Income | 44,725 | 44,725 | 32,300 | ||||
| Interest | 302 | 302 | 1 | ||||
| 292,662 | 267,188 | 559,850 | 357,016 | ||||
| Expenditure | |||||||
| Employment costs |
126,791 | 94,009 | 220,800 | 188,955 | |||
| Venue costs | 17,152 | 20,925 | 38,077 | 13,152 | |||
| Guest Transport & |
Support | 880 | 35,991 | 36,871 | 14,665 | ||
| Utilities | 19,461 | 55 | 19,516 | 19,357 | |||
| Legal &Professional | fees | 111,718 | 93,818 | 205,536 | 16,339 | ||
| Management &Administration |
51,303 | 24,823 | 76,126 | 79,701 | |||
| 327,305 | 269,621 | 596,926 | 332,169 | ||||
| (Deficit)/Surplus forthe year |
(34,643) | (2,433) | (37,076) | 24,847 | |||
| Fund balance brought forward | 297,269 | 27,560 | 324,829 | 299,982 | |||
| Fund balance carried forward |
| Unrestricted | Restricted | 2022/23 | 2021/22 | |||
|---|---|---|---|---|---|---|
| funds | funds | Total | Total | |||
| Note | E | E | E | |||
| Fixed Assets | 557~53 | 1,745 | 559,198 | 574,128 | ||
| Current Assets | ||||||
| Cash at bank | 96,026 | 23,460 | 119,486 | 101,074 | ||
| Debtors &Prepayments | 4899 | 4899 | ~10S17 | |||
| 100,925 | 23,460 | 124,385 | 111,891 | |||
| Creditors: amounts | falling due | |||||
| within one year | ||||||
| Creditors &Accruals | 86381 | ~78 | ~86459 | ~Z4 307 | ||
| NET CURRENT ASSETS | 14,544 | 23,382 | 37,926 | 77,584 | ||
| Creditors: amounts | falling due | |||||
| after more than one year | 9&10 | (309,371) | (309,371I | f326,883) | ||
| TOTAL NET ASSETS | 262,626 | 25,127 | 2S7,753 | 324,829 | ||
| Chaiity Reserves | ||||||
| Designated Property |
Fund | 12.1 | 218,844 | 216,945 | ||
| General Funds | 43,782 | 80,324 | ||||
| Restricted Funds |
11&12 | 25,127 | 27,560 | |||
| TotalFunds | 287,753 | 324,829 |
| 2022/23 | 2022/23 | 2022/23 | 2021/22 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| f | |||||||||
| Wages &Salaries | 182,391 | 159,580 | |||||||
| Social Security Costs | 7,523 | 6,823 | |||||||
| Pension | 4,581 | 3,952 | |||||||
| 194,495 | 170,355 | ||||||||
| o employee received benefits |
ofmore than f60,000during | the year. | |||||||
| uring the year the charity employed | an average of1full | time staff and | 9part time | staff (2021/22: | |||||
| ll time and 8part time) | |||||||||
| rustees do not receive remuneration | but are reimbursed | for expenditure | incurred | on behalf ofthe | |||||
| harity. Expenses off2,374(2021/22: | f484) were reimbursed | to trustees | in respect | ofadministration | |||||
| nd operational costs incurred |
by the | charity. | |||||||
| Fixed Assets | |||||||||
| Land & | Plant & | TOTAL | |||||||
| Buildings f |
Equipment | f | |||||||
| Cost | |||||||||
| As at 1"May 2022 and 30e April 2023 | 581,995 | 10,606 | 592,601 | ||||||
| Accumulated De reciation |
|||||||||
| Broughtforward | (13,580) | (4,893) | (18,473) | ||||||
| Charge in the year |
~11640 | ~3290 | ~14930 | ||||||
| Carried forward | (25,220) | (8,183) | (33,403) | ||||||
| Net BookValue | |||||||||
| As at 30'" April 2022 | |||||||||
| As at 30e April 2023 |
| 2022/23f | 2021/22f | ||||||
|---|---|---|---|---|---|---|---|
| Donations | &fundraising | 4,768 | |||||
| Other | 4,899 | 6,049 | |||||
| Total | 4,899 | 10,817 | |||||
| 9 Creditors |
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| 9.1 Amounts |
falling due within one year | 2022/23f | 2021/22 f |
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| Bank loans | and overdrafts | (see | Note 10) | 28,560 | 24,857 | ||
| Fundraising | expenses | 2,000 | |||||
| Accrued costs | 57,899 | 7,450 | |||||
| Total | 86,459 | 34,307 | |||||
| 9.2 Amounts falling due after |
more than one-year | 2022/23 | 2021/22 | ||||
| f | f | ||||||
| Bank loans | (see note 10) | ~309371 | ~326883 | ||||
| 10 Secured |
Debts | ||||||
| The following secured borrowing | is included | within creditors: | |||||
| 2022/23 | 2021/22 | ||||||
| f | f | ||||||
| Bank loans | ~337931 | ~351740 |
| Reserves | 2022/23 f |
2021/22f |
|---|---|---|
| Unrestricted | 43,782 | 80,324 |
| Designated | 218,844 | 216,945 |
| Restricted* | 25,127 | 27,560 |
| Total Reserves | 287,753 | 324,829 |
| Designated Reserve |
2022/23 f |
2021/22f |
|---|---|---|
| Net book value on 30April | 556,775 | 568,415 |
| Mortgage liability on 30April |
(337,931) | (351,470) |
| Total Reserves | 218,844 | 216,945 |
| Net Movement | |||||
|---|---|---|---|---|---|
| At | 01/05/22 | in Funds e | At 30/04/23 | ||
| 6 | 6 | ||||
| Unrestricted funds |
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| General funds | 80,324 | (36,542) | 43,782 | ||
| Designated fund: Property |
216945 | 1899 | 218844 | ||
| 297,269 | (34,643) | 262,626 | |||
| Restricted funds | |||||
| DLUHCs | 3,649 | (1,904) | 1,745 | ||
| West Midlands Trains Ltd |
1,689 | 2,091 | 3,780 | ||
| Personal Medical Group | 3,922 | 5,097 | 9,019 | ||
| Food and Night Shelter funding | 1,692 | 1,842 | 3,534 | ||
| Welfare restricted | donations | 18,731 | 6,407 | 25,138 | |
| MKCC' Night Shelter at Unity Park | Station | 1,821 | (1,821) | ||
| Garfield Weston | 16,458 | (16,458) | |||
| The Julia & Hans Rausing Trust | 3,351 | 3,351 | |||
| The Beatrice Laing | Trust | 2,288 | (2,288) | ||
| Wolverton Building |
Project | ~22 690 | 1250 | ~21440 | |
| ~27 560 | ~2433 | 25 127 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| Resources | expended | in funds | ||
| Unrestricted funds |
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| General and designated funds |
(12.1) | 292,662 | (327,305) | (34,643) |
| Restricted funds | ||||
| DLUHC | (1,904) | (1,904) | ||
| West Midlands Trains Ltd |
31,821 | (29,730) | 2,091 | |
| Personal Medical Group |
10,000 | (4,903) | 5,097 | |
| Food and Night Shelter funding | 6,859 | (5,017) | 1,842 | |
| Welfare restricted donations | 12,190 | (5,783) | 6,407 | |
| MKCC Night Shelter at Unity Park Station | (1,821) | (1,821) | ||
| Garfield Weston | (16,458) | (16,458) | ||
| The Julia Ik Hans Rausing Trust | 18,450 | (15,099) | 3,351 | |
| The Beatrice Laing Trust | (2,288) | (2,288) | ||
| National Lottery —Welfare funding |
93,400 | (93,400) | ||
| National Lottery —Wolverton |
project funding | 93,218 | (93,218) | |
| Wolverton Building Project |
1250 | 1250 | ||
| 267 188 | 269621 | 2433 |
| Action4Youth | Mercedes MK |
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|---|---|---|---|---|---|---|---|
| AFL Hyperscale | Milton Keynes Community | Foundation | Car Raffle | ||||
| Akeley Wood School | Milton Keynes Soroptimists | ||||||
| Asda Foundation | Milton Keynes Tabernacle | ||||||
| Blue Marble Ltd |
National Grid Community |
Matters | |||||
| BLUM UK | National Lottery |
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| Broughton Manor Preparatory |
School | Nationwide Building Society —Milton |
Keynes | ||||
| Church ofChrist the Cornerstone | branches | ||||||
| Cocoa Cola Community | Fund | Newport Pagnell Parochial |
Church | Council | |||
| Cranswick Convenience | Foods | Neves Solicitors | |||||
| Culture Lab Consultancy |
Limited | Old Stratford Primary School |
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| Denbigh School | Personal Group | ||||||
| Emmaus Village at Carlton | Reactive Doors Limited | ||||||
| Fortress Distribution Limited |
Royal Bank ofCanada | ||||||
| Freemasons Relief Chest |
Stony Stratford Mummers | ||||||
| Fusemetrix Group Limited |
Suez UK | ||||||
| Grace Church | Suzuki GB PLC | ||||||
| HM Prison &Probation Service | The JJH Rausing Trust | ||||||
| Homely Spaces Limited | Volkswagen Financial Services |
Retail UK | |||||
| John Lewis | Waitrose | ||||||
| Kings Court Chapel, Milton Keynes | West Midland Trains |
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| Lee Campbell | Wharfside Electrical Wholesalers |
Ltd | |||||
| Lloyds Bank Foundation | Whitespace Yoga &Wellbeing |
Studio |