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2021-08-31-accounts

Mllton Keynes Islamlc Arts. Herflage &Cullure TrU￿ee3 Annual Report Year ended 3011 May 2022 The trustees presont theSr report and the unaudbted Ilnandal statements of the tharlty for the year ended 30th May 2022 REFERENCE AND ADMINISIRATIVE DEfAIiS MK IAC.. char￿able IrKDrporated lknn15atlon1001 Charlty Number.. 1183548 Prln¢lpal Offlce.. Chaffton Way Campus. Leadenhall. Mllton Keyne5. MK6 5LP Georgette Chlld (Chalrl Paula Ballard (TreaSu￿rI nsar Hu$s￿n Rachel Gadston Morlah Priesd Amy 2amarrlpa So115 Anouar.Kasslm Trustees at 514120 Bènk: Natwest Bank, 501511bury Bfvd. Mllton Keynes MK9 3ER SThLICIUAE, GOVERNANCE, MANAGÉMEMT AND AAANCE The MKIAC Is a Charltable Incorporated Organisatlon lao), It Is 8o¥erned by Its constftutlon dated July 2019. with an amendment February 2020. A full ltsl of the trustees Is provided above. The maximum number of tru5tee5 is 5 and the rnlnlmum 3. Trustees are recrulted throu8h an open call. MKIAC contacts and membershlp. thelr appointment 15 ¢onfimied at the Annual General Meeting. Trustees met fourtlmes In • I￿10r 2020121: 31 102& 16 1tr4 202L 12 F•b ZOU" •nd for AGM on 31 2022. Staff Our thank5 go to Adele Newman, freelance Pro8famme Manager for MKIAC arts & cukure and her long commltment to the development of MKIAC onllne Art In 1501ation cultural partnership. We are still In process of secudng a full tlme Programme mana8er and seeking fvnding to SUPPDrt on*olnB opportufttues arKI operatlonal capaclty. Charity No: 1183548 Company Number 865251X) Chaffron Way Campus,MK6 SLP ww.mkiac,org

PTS. Txf pA Flnanclal Independent Examkner: ACE A¢￿Unts Akshay Shah Dsc IlloA%l. Chartergd CertWknI Act￿ntsnt 2 Whittle Coltrt l Knowlhill | Mllton Keynes l MK5 8FT 21n2 grant Income to support MKIAC and Its de¥elopment. We are Culture ERS recovery and City of Code & Il8ht Festival. As is common In small or8anlsations. long terni sustalnabllity Is alwa￿ an Issue. The h￿h level of projects In progresslon 8ive us the tlme needed to work on securfn8 fvrther fundin8 for our work streams durlnB 2022 and to be able io retaln our Pr)gramme manager for the year The trustees contlnue to monltor the reserve5 poury. Rlsk The eoard of Trustees revlew the areas of rtsk that may affert the or8anlsatlon and Its programmes and prole¢t5, and Is Inte8ral to our buslness plannl The Objectlves of MKIAC are: To promote incluslvety Islamk arts, herfjtage and culture for the benefit of the publlc In Mltton Keynes. In partlcular, but not excluslvety. by supportlng and representlng the arts and heriia8e sector throu8h promotlon. repre5entatbon and development and by workln8 in partnershlp with other like•minded orBanlsations to achleveh)Int 8oals that further the charitable purpo MKIAC champlons the rlch Islamk Arts heritage and Cultu￿ ueatF¥e future of Mllton Keyne5. MKIAC 55 also the lead on Indusive and dfverslty wlth pro8ramme developlrg and thi5 15 reflerted at out Art In the Park Fest￿1, wlth tts vlslon to work together to nourish and support the creative 5kllls and cultural wellbeing of Mllton Keynes chlldren and youn8 people. Thls Is part of a natlonal movement of Cultural Educatlon Partnerships to delP￿r creatsve thlnkln8 and experlence at the ￿art of education. Thè Charity Comm1551on's 8uldance on publk benefft Is at the forefront of our work Isectlon 17 of the Charfty Art 20111. The irustees compty wlth Ihdr duty io have due re8ard to the tharity commission's publlc benefit 8uldancÈ when exerasin8 powers or dutles to whi¢h the gUh*an￿ is rdevant. Charity No: 1183548 Company Number 86525 Chaffron Way Campus.MK6 5LP V•ry¥W.mkiac.or

40 CUL ion Mission and Values Vlslon.. Milton Keynes as an International cultural destlrbatlon Ml551on: As the unlfied, Independent volce for Mllton Keynes ￿lture, MKIAC is a cvltural le￿er and ploneerin& place-making partnership. We Work collaboratlvely and Strateg￿allY throu8h our partners to pOS￿10n culture as a catatyst for MI￿on Keyi)Ès to be an outstandln8 and Insplrfn8 place to Ilve, work and vlslt. Values Crn•tS¥e: PerceI￿n8 the worfd In new wa￿1 Imaglnln8 and innovatln& In4>lre'. champlonlng the r￿e and impa¢t of Mllton K￿￿e5 culture a¢r055 the local. re8lonal. natlonal and internatlonal strate8k context and seekinB inspiration and best practice from all sectors. Collaboratlve.. workin8 together we alè 8reatef than the sum of our parts. drI￿n8 forward the cultural fvturè of Milton Keynes. Empowerlni: we are fiefcely supportfve of our volunteers, partrers and In¥e5t In nurturing and sharln8 knowledge. skllls and ¢onfKlence to Innovate and d￿elOP the sector. Innov•te.' we Invest in the Ideas, assets and skllls wlthln JrKI beY￿d our membershlp towards solvln8 ¢omrnon chèllen8es and shared goals. Ex¢dl•no and Incluslon.. excellence as the drk¥ln8 force of everythlnB we do and dellver,, equallty In Its wldest sense. as we strive for induslon and d￿￿TsitY to ensure OUT Milton Keynes cultural sertor 1$ representative of our communlty. REVIEW OF ACTMnES AND ACHIEVEMEPItS: Advocxy MKIAC promotes the sodal, wellbein8 and economic Value that culture and creativrty bring to those Ilvln& learnin& sharing, worklng and perfomiin8 In Mllton Keynes to the MK Councll, partners, MK College and decision makers. In$plrfng Cullwal Events Dlgltal 12,738 Onllne events Vl$lts Partlclpants 4.305 128,714 Volvnleerlng Opportvnllles Creallve and Cvltwal Jobs Spoken Word Wellbelns Cullural Workshops 1255 2,260 Charity No: 1183548 Company Number86525(K) Chaffron Way Campus,MK6 5LP www.mkiac.org

RTS. OcuLf) MKIAC is a member of SEMLEP CT••tl¥• and Cukur•s Industrles fx¢>up where cultural tollea8ues In the re8ion sharelssues. achlevements and thallen8es, In 5UPPOrt of culture at the heart of pla¢emakln8 and growth. arml Its Smpacl on the economy and quallty of lrfe of thts ke4 strate8lc area. MKIAC advocates for Cultural Edu¢atlon and th• w•llbelw of chHdr•n 4nd youn8 people through MAKE, the MK Cultural Educatlon Partnefshlp IMKCÉPI. MAKE champions the Impact of creatNity and creatlve thlnk5n8 across the curriculum on children arml youn8 people's skills, employability and wellbelng. This Is a partnershlp of art5 Of8an15ation, scht)ols, MK College and local stakeholders. set up In response to the Arts Counul England Cultural Education Challenge. Artswork. based In Southampton, is the ACE brid8e or8anlsatlon to support the development of local CEPS In the South East reglon Icurrenity 131. Our contlnued thanks to Jezz Bennet, who ves generously of hk5 tlme as Independent thair of MAKE. The education programmes WÈ Involve local sthoo15 ind the local hlgher educatlon colle8e in a range of eypre5sive arts with professionals In residen￿. Our resldentes aim to devel¢)p students. YOU￿ p￿PIe confidence and expression acr0$5 the range of arts from art with palnts, muslc. t￿lIes. Creatlve wrttin8 and installations. Charity No: 1183548 Company Number 86525( Chaffron Way Campus.MK6 5U> W4VW.mkiac.o

RTS. L** Where possible the pro8ramme Is linked to the edu¢atSonal syllabus and special events a￿ also provlded for youn8 people wlth learnlnB diffKuttle5 to encourage their freedom of expresslon and to enhance their communlcatlon S￿lIS through the creatlve arts. r ¥olunteers MKIAC is very InVO￿ed In the community and rdie5 on voluntary supp)rt.MK College supports and encovra8es young people lo volunteer wlth MKIAC for iearniw new ski115. build confldence. understanding dlverse cultu and skllls. MKIAC also have ambassadors who plays Important supporting role wlth advocacy work and communlcatin8 wilh variou5 communltles of Its proBrammes and buikl Inltlatlvè5 that enc¢ura8e new frlendshlps between women and young people Incluslvety. MKIAC-MK sends oui a monthly onllne ne￿letter. Invitin8 members to share news of delelopments, successes, challenges. opportunfjues for professional de4dopment arml good practlo wlth thdr coMeague$ and key Interested partie5. Anouar.Kasslm CEO MKIAC Charity No.. 1183548 Company Number86525 Chaffron Way Campus.MK6 5LP ww.mkiaoorg

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examlnevs Report Report to the trusteesl members of Milton Keynes IAC On accounts for the year ended 31 August 202A Charity no (If any) 1183548 Set out on pages Ireinoniber lo InclLide the Da0> niimbAiq nl Khftpi.. I report lo the trustees on my examination of the accounts of the above Charity I'the Trusl'l for the year ended .31 OE 102£ As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("thè Acl'l. Responsibllities and basls of report I report in respect of my examination of the Trust's ac¢ounts carried out under section 145 of the 2011 Act and in Carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5){b) of the Act. Independent IThe charity's gross income excèeded £250,000 and l am qualified lo examiner's Statement undertake the examination by being a qualified member of linsert name of applicable listed bodyll. Delete I l if nol applicable. I have completed my examination. I confirm that no material matters have come lo my attention in connection with the examination lolher than that disclosed below ') which gives me cause lo believe that in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Act., or the accounts did not accord with the accounting records., or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounls and Reports) Regulations 2008 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. 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 lo be reached. Please deleta the words in the brackets if they do not apply. Date: 2710512022 Signed: Name: Akshay Shah Relevant professional qualification{s) or body Association of Chartered Certified Accountants ACCA Registration 0045695 IER Oct 2018

(If any}: Address: Sectlon B Dlsclosure Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). Glve here brief details of any items that the examiner wishes to disclose. IER Oct 2018

Milton Keynes IAC Charity

Unaudited

Financial Statements For the Year Ended

31 August 2021

Milton Keynes IAC Charity

Contents

Page
Accountant Report 1
Statement of Financial Activities 2 & 3
Balance sheet 4

To The Members of

Milton Keynes IAC Charity

ACCOUNTANTS REPORT

FOR THE YEAR ENDED 31 AUGUST 2021

I Report on the accounts for the year ended 31 August 2021.

As the charity's trustees you are resposible for the preparation of the accounts in accordance with the requirements of the charities Act 2011 ('the Act').

I have examined your charity's accounts as required under section 145 of the charities Act 2011 ('the 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.

My role is to state whether any material matters have come to my attention giving me cause to belive:

  1. that accounting records were not kept as required by section 130 of the Act; or

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

  3. that the accounts do not comply with the accounting requirements of the Act; or

  4. that there is further information needed for a proper understanding of the accounts.

Independent examiner's statement

I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and,in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention.

ACE Accounts & Tax Limited Chartered Certified Accountants

2 Whittle Court Knowlhill Milton Keynes MK5 8FT

Dated …………………………

1

Milton Keynes IAC Charity

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2021

----- Start of picture text -----
Total Funds Total Funds
2021 2020
£ £
INCOME
-
MK Council Grant 3,000
-
Arts Council England 131,176
-
Covid-19 Grant 31,800
-
Others Grants 56,000
-
221,976
OTHER INCOME
-
Donations 88
- -
-
88
TOTAL INCOME 222,064 -
-
LESS EXPENDITURE 108,861
SURPLUS 113,202 -
----- End of picture text -----

2

Milton Keynes IAC Charity

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2021

EXPENDITURE
Events/Program
Freelancer program
Performances Exp.
Event Performer
Freelance Artist
OTHER EXPENDITURE
Advetising & Promotions
Telephone
IT Software's and Consumables
Professional Services
Volunteer Costs
Community engagement
Youth engagement expenses
Subscriptions
Insurance
Accountancy fees
Photography
Donations
TOTAL EXPENDITURE		 Total Funds
2021
£
15,371
12,245
6,702
12,757
47,075
5,233
490
24,700
17,348
4,750
1,542
3,217
713
2,806
900
35
54
61,787
108,861		 Total Funds
2020
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total Funds
2020
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
5,233
490
24,700
17,348
4,750
1,542
3,217
713
2,806
900
35
54
-

3

Milton Keynes IAC Charity

Balance Sheet as at 31 August 2021

Notes
CURRENT ASSETS
Natwest bank Account
192,087
CURRENT LIABILITIES
Other Creditors - Milton Kenyes IAC Ltd
Accurals
Total Assets less current liabilities
COMMUNITY RESERVES
Reserve B/F
Surplus for the year
2
113,202
General Reserve
Revaluation Reserve last year
Total Funds		 192,087 2021
£
192,087
77,984
900
-		 113,202
-		 - 2020
£
-
-
-
-
-
-
-
-
113,202
-
113,202
113,202

Notes:

Signed on behalf of the Association

Anouar Kassim

…………………………………….

Trustee

4