Milton Keynes Islamic Arts, Heritage &Culture Trustees Annual Report Year ended 30[th] August 2025
The trustees present their report and the unaudited financial statements of the charity for the year ended 30[th] August 2025.
REFERENCE AND ADMINISTRATIVE DETAILS
MK IAC: Charitable Incorporated Organisation (CIO)
Charity Number: 1183548 Principal Office: Chaffron Way Campus, Leadenhall, Milton Keynes, MK6 5LP Trustees at Georgette Child (Chair) Paula Ballard (Treasurer) Ansar Hussein Rachel Sindy Hayton Helen Chamberlain Amy Zamarripa Solis Anouar Kassim
Bank: Natwest Bank, 501 Silbury Blvd, Milton Keynes MK9 3ER
Welcome to MKIAC
Milton Keynes Islamic Arts & Culture projects energise diversity in arts and heritage.
Our mission is to create opportunities, stimulate participant, community engage and provide a focal point for the development and celebration of diversity through arts, culture and heritage activity.
STRUCTURE, GOVERNANCE, MANAGEMENT AND FINANCE
The MKIAC is a Charitable Incorporated Organisation (CIO), It is governed by its constitution dated July 2019.
A full list of the trustees is provided above. The maximum number of trustees is 7 and the minimum 3. Trustees are recruited through an open call, MKIAC contacts and membership; their appointment is confirmed at the Annual General Meeting.
Trustees met four times in a year for 2024/25: 12[th] Nov 2024; 25th[d] Feb 2025,27[th] May 2025; and for AGM on 28[th] August 2025.
Staff
Our thanks go to Michelle Lockwood, freelance Programme Manager and Fiona Martin, Freelance coordinator for MKIAC arts & culture and their long commitment to the development of MKIAC online Art in Isolation cultural partnership. We are still in
Charity No: 1183548 Company Number 8652500 Chaffron Way Campus,MK6 5LP www.mkiac.org
process of securing a full time Programme manager and seeking funding to support on-going opportunities and operational capacity.
Financial
Independent Examiner: ACE Accounts Akshay Shah BSc (Hons), FCCA, Chartered Certified Accountant 2 Whittle Court | Knowlhill | Milton Keynes | MK5 8FT
- Commentary from Paula Ballard Treasurer to end of year accounts on separate pdf
24/25 grant income to support MKIAC and its development. We are Culture ERS recovery and City of Code & Light Festival. As is common in small organisations, long term sustainability is always an issue. The high level of projects in progression give us the time needed to work on securing further funding for our work streams during 2025 and to be able to retain our Programme manager for the year
The trustees continue to monitor the reserves policy.
Risk
The Board of Trustees review the areas of risk that may affect the organisation and its programmes and projects, and this is integral to our business planning.
The Objectives of MKIAC are:
To promote inclusively Islamic arts, heritage and culture for the benefit of the public in Milton Keynes, in particular, but not exclusively, by supporting and representing the arts and heritage sector through promotion, representation and development and by working in partnership with other like-minded organisations to achieve joint goals that further the charitable purposes .
MKIAC champions the rich Islamic Arts heritage and culture creative future of Milton Keynes.
MKIAC is also the lead on Inclusive and diversity with programme developing and this is reflected at out Art in the Park Festival, with its vision to work together to nourish and support the creative skills and cultural wellbeing of Milton Keynes children and young people. This is part of a national movement of Cultural Education Partnerships to deliver creative thinking and experience at the heart of education.
The Charity Commission's guidance on public benefit is at the forefront of our work (section 17 of the Charity Act 2011). The trustees comply with their duty to have due regard to the charity commission’s public benefit guidance when exercising powers or duties to which the guidance is relevant.
Charity No: 1183548 Company Number 8652500 Chaffron Way Campus,MK6 5LP www.mkiac.org
Vision, Mission and Values
Vision: Milton Keynes as an international cultural destination
Mission: As the unified, independent voice for Milton Keynes culture, MKIAC is a cultural leader and pioneering, place-making partnership . We work collaboratively and strategically through our partners to position culture as a catalyst for Milton Keynes to be an outstanding and inspiring place to live, work and visit.
Values
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Creative: perceiving the world in new ways, imagining and innovating.
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Inspire : championing the role and impact of Milton Keynes culture across the local, regional, national and
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international strategic context and seeking inspiration and best practice from all sectors.
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Collaborative : working together we are greater than the sum of our parts, driving forward the cultural future
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of Milton Keynes.
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Empowering: we are fiercely supportive of our volunteers, partners
and invest in nurturing and sharing knowledge, skills and confidence to innovate and develop the sector.
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Innovate : we invest in the ideas, assets and skills within and beyond our membership towards solving common
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challenges and shared goals.
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Excellence and Inclusion : excellence as the driving force of everything we do and deliver; equality in its widest
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sense, as we strive for inclusion and diversity to ensure our Milton Keynes cultural sector is representative of our community.
REVIEW OF ACTIVITIES AND ACHIEVEMENTS:
Advocacy
MKIAC promotes the social, wellbeing and economic value that culture and creativity bring to those living, learning, sharing , working and performing in Milton Keynes to the MK Council, schools, MK College, Open University and decision makers.
| Inspiring Cultural Events Digital 18,110 |
Online events Visits 8,655 |
|
|---|---|---|
Charity No: 1183548 Company Number 8652500 Chaffron Way Campus,MK6 5LP www.mkiac.org
Volunteering Opportunities Creative and Cultural Jobs Spoken Word Wellbeing Cultural Workshops 1220 11,221 2,510
Event attendance has seen a decline compared to the previous year. This reduction is largely attributed to the ongoing impact of the cost-of-living crisis, which has influenced individuals' ability to participate in community events.
MKIAC is a member of AH-A Creative and Cultures umbrella organization where cultural colleagues in the region share issues, achievements and challenges, in support of culture at the heart of placemaking and growth, and its impact on the economy and quality of life of this key strategic area.
MKIAC advocates for Cultural Education and the wellbeing of children and young people through MAKE, the MK Cultural Education Partnership (MKCEP) . MAKE champions the impact of creativity and creative thinking across the curriculum on children and young people’s skills, employability and wellbeing. This is a partnership of arts organisation, schools, MK College and local stakeholders, set up in response to the Arts Council England Cultural Education Challenge. Artswork, based in Southampton, is the ACE bridge organisation to support the development of local CEPs in the South East region (currently 13). Our continued thanks to Jezz Bennet, who gives generously of his time as independent chair of MAKE.
Charity No: 1183548 Company Number 8652500 Chaffron Way Campus,MK6 5LP www.mkiac.org
The education programmes
We involve local schools and the local higher education college in a range of expressive arts with professionals in residence. Our residences aim to develop students, young people confidence and expression across the range of arts from art with paints, music, textiles, creative writing and installations.
Where possible the programme is linked to the educational syllabus and special events are also provided for young people with learning difficulties to encourage their freedom of expression and to enhance their communication skills through the creative arts.
Our volunteers
MKIAC is very involved in the community and relies on voluntary support.MK College supports and encourages young people to volunteer with MKIAC for learning new skills, build confidence, understanding diverse culture and skills.
MKIAC also have ambassadors who plays important supporting role with advocacy work and communicating with various communities of its programmes and build initiatives that encourage new friendships between women and young people inclusively.
Online MKIAC MK Newsletter
MKIAC -MK sends out a quarterly online newsletter, inviting members to share news of developments, successes, challenges, opportunities for professional development and good practice with their colleagues and key interested parties.
Looking forward to 2025/26
Through our core programme and work with wide range of diverse artists, communities and organisations, we have demonstrated a high level of reach and engagement, supporting the production of high - quality work which resonate with relevant issues and social challenges.
Our work has had tangible benefits and impacts both at a strategic level, in terms of supporting AH-A, MK Music Hub and Local Authorities to engage with diverse communities, and grassroots level through place -based projects and interventions. Were perfectly positioned to make a strong contribution to Let’s Create strategic vision and becoming ACE NPO.
Anouar.Kassim CEO MKIAC
Charity No: 1183548 Company Number 8652500 Chaffron Way Campus,MK6 5LP www.mkiac.org
Company registration number: 8652500 Charity registration number: 1183548
MILTON KEYNES IAC CHARITY TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
MIlton Keynes IAC Charity Contents
| Page | |
|---|---|
| Trustees' Report | 1—2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities (including Income and Expenditure Account) | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6—8 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Statement of Financial Activities (including Income and Expenditure Account) | 9—10 |
MIlton Keynes IAC Charity Company No. 8652500 Trustees' Report For The Year Ended 31 August 2025
The trustees present their report and the financial statements for the year ended 31 August 2025.
Reference and Administrative Details
Trustees
Georgette Gillian Child - Chair Helen Chamberlain Ansar Basir Hussain Rachel Sindy Hayton Amy Zamarripa Solis Paula Ballard Helen Jane Mee (appointed 09/09/2025) Kate Bashford (appointed 28/04/2026)
Charity Number
1183548
Company Number
8652500
Principal Address
Chaffron Way Campus Leadenhall Milton Keynes MK6 5LP
Independent Examiner
ACE Accounts and Tax Ltd ACCA ACE Accounts and Tax Ltd ACCA
Page 1
MIlton Keynes IAC Charity Trustees' Report (continued) For The Year Ended 31 August 2025
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The trustees' report was approved by the board of trustees and signed on its behalf by:
Georgette Gillian Child
Trustee Date
Page 2
MIlton Keynes IAC Charity Independent Examiner's Report to the Trustees of MIlton Keynes IAC Charity For The Year Ended 31 August 2025
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2025.
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 charity’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 The Association of Chartered Certified Accountants, 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:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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.
ACE Accounts and Tax Ltd ACCA Date
Page 3
MIlton Keynes IAC Charity Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 August 2025
| Notes INCOME AND ENDOWMENTS FROM: Donations and legacies 3 Other 4 EXPENDITURE ON: Raising funds 5 NET INCOME NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 12 |
2025 Unrestricted funds £ 357,124 12,612 |
2024 Unrestricted funds £ 312,111 5,557 |
|---|---|---|
| 369,736 | 317,668 | |
| (282,396) | (316,047) | |
| 87,340 | 1,621 | |
| 87,340 316,616 |
1,621 314,995 |
|
| 403,956 | 316,616 |
The notes on pages 6 to 8 form part of these financial statements.
Page 4
MIlton Keynes IAC Charity Statement of Financial Position As At 31 August 2025
| Notes CURRENT ASSETS Debtors 9 Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 10 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS OF THE CHARITY Unrestricted Funds TOTAL FUNDS 12 |
2025 Unrestricted funds £ 60,389 351,168 |
2024 Total funds £ 59,063 261,873 |
|---|---|---|
| 411,557 (7,601) |
320,936 (4,320) |
|
| 403,956 | 316,616 | |
| 403,956 | 316,616 | |
| 403,956 | 316,616 | |
| 403,956 | 316,616 | |
| 403,956 | 316,616 |
For the year ending 31 August 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Georgette Gillian Child
Trustee Date
The notes on pages 6 to 8 form part of these financial statements.
Page 5
MIlton Keynes IAC Charity Notes to the Financial Statements For The Year Ended 31 August 2025
1. General Information
MIlton Keynes IAC Charity is a company limited by guarantee, incorporated in England & Wales, registered number 8652500 and registered charity number 1183548. The registered office is .
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "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)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The charitable company is a Public Benefit Entity as defined by FRS 102.
2.2. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
3. Income from Donations and Legacies
| 3. Income from Donations and Legacies |
||
|---|---|---|
| Donations and gifts 4. Other Income Donations |
2025 Unrestricted funds £ 357,124 |
2024 Unrestricted funds £ 312,111 |
| 2025 Unrestricted funds £ 12,612 |
2024 Unrestricted funds £ 5,557 |
5. Analysis of Expenditure
| Raising funds Raising funds |
Activities undertaken directly £ 201,564 |
Support costs (see note 6) £ 80,832 |
2025 Total £ 282,396 |
|---|---|---|---|
| Activities undertaken directly £ 250,654 |
Support costs (see note 6) £ 65,393 |
2024 Total £ 316,047 |
Page 6
MIlton Keynes IAC Charity Notes to the Financial Statements (continued) For The Year Ended 31 August 2025
6. Support Costs
| Employee costs General administration Interest payable Employee costs General administration |
2025 Raising funds £ 19,770 60,804 258 |
|---|---|
| 80,832 | |
| 2024 Raising funds £ 1,760 63,633 |
|
| 65,393 |
7. Staff Costs
| Staff costs were as follows: Wages and salaries Other pension costs |
2025 £ 15,270 146 15,416 |
2024 £ - - |
|---|---|---|
| - |
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.
8. Average Number of Employees
Average number of employees during the year was: 6 (2024: 7)
9. Debtors
| 9. Debtors |
||
|---|---|---|
| Due after more than one year Other debtors 10. Creditors: Amounts Falling Due Within One Year Other creditors Taxation and social security Accruals and deferred income |
2025 £ 60,389 2025 £ 721 2,560 4,320 7,601 |
2024 £ 59,063 |
| 2024 £ - - 4,320 |
||
| 4,320 |
10. Creditors: Amounts Falling Due Within One Year
Page 7
MIlton Keynes IAC Charity Notes to the Financial Statements (continued) For The Year Ended 31 August 2025
11. Pension Commitments
The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund.
During the year the charge to the statement of financial activities in respect of defined contribution schemes was £146 (2024: £0).
At the statement of financial position date contributions of £NIL were due to the fund and are included in creditors.
12. Movement in Funds
| Unrestricted funds General: General unrestricted fund Total funds Unrestricted funds General: General unrestricted fund Total funds |
As at 1 September 2024 £ 316,616 |
Income £ 369,736 |
Expenditure £ (282,396) |
As at 31 August 2025 £ 403,956 |
|---|---|---|---|---|
| 316,616 | 369,736 | (282,396) | 403,956 | |
| As at 1 September 2023 £ 314,995 |
Income £ 317,668 |
Expenditure £ (316,047) |
As at 31 August 2024 £ 316,616 |
|
| 314,995 | 317,668 | (316,047) | 316,616 |
13. Transactions with Trustees
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.
No trustee expenses have been incurred.
14. Related Party Disclosures
There have been no related party transactions in the reporting period that require disclosure.
15. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 8
MIlton Keynes IAC Charity Detailed Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 August 2025
| INCOME AND ENDOWMENTS FROM: Donations and legacies MK Council Grant Arts Council England Other Grant Project income Other Donations EXPENDITURE ON: Raising funds Freelancer program Performances Expense Event Performer Freelance Artist Digital artist Project expense Wages and salaries Employers pensions - defined contributions scheme Staff training Travel and subsistence expenses Hire of equipments Fuel costs Insurance Printing, postage and stationery Advertising and promotions Telephone Accountancy fees Professional fees Community engagement Youth engagement expenses Subscriptions Bank charges Charitable donations |
2025 Total funds £ 61,877 202,640 65,707 26,900 |
2024 Total funds £ 40,300 208,500 63,311 - 312,111 5,557 5,557 317,668 (38,010) (72,497) (6,906) (84,956) (48,285) - - - (1,760) - (1,859) (1,451) (3,204) - (16,724) (472) (4,020) (20,312) (10,115) (1,997) (300) (83) (1,966) ...CONTINUED |
|---|---|---|
| 357,124 12,612 |
||
| 12,612 | ||
| 369,736 - (80,587) (13,541) (57,039) (27,318) (23,079) (15,270) (146) (1,500) (2,854) (2,208) - (1,330) (382) (17,764) (516) (3,990) (31,921) - - (420) (149) (216) |
Page 9
MIlton Keynes IAC Charity Detailed Statement of Financial Activities (including Income and Expenditure Account) (continued) For The Year Ended 31 August 2025
| Photography Catering expenses HMRC interest payable NET INCOME |
(950) (958) (258) |
(1,130) - - |
|---|---|---|
| (282,396) | (316,047) | |
| (282,396) | (316,047) | |
| 87,340 | 1,621 |
Page 10
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ members of
Charity Name Milton Keynes IAC
| members of | Milton Keynes IAC | ||
|---|---|---|---|
| On accounts for the year ended Set out on pages |
31 August 2025 | Charity no (if any) |
1183548 |
| (remember to include the page numbers of additional sheets) |
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended DD / MM / YYYY .
Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts 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 [The charity’s gross income exceeded £250,000 and I am qualified to examiner's statement undertake the examination by being a qualified member of Association of Chartered Certified Accountants.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts 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 to be reached.
- Please delete the words in the brackets if they do not apply.
Date: 19/06/2026 Signed: Name: Akshay Shah
Relevant professional Association of Chartered Certified Accountants
1
Oct 2018
IER
qualification(s) or body ACCA Registration 0045695 (if any):
Address:
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
N/A
2
Oct 2018
IER