OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-01-31-accounts

REGISTERED CHARITY NUMBER: 1188773

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 January 2022

for

MCKS Charitable Foundation UK

MCKS Charitable Foundation UK

Contents of the Financial Statements for the Year Ended 31 January 2022

Page
Report of the Trustees 1
Statement of Financial Activities 2
Balance Sheet 3
Cash Flow Statement 4
Notes to the Cash Flow Statement 5
Notes to the Financial Statements 6 to 11
Detailed Statement of Financial Activities 12

MCKS Ch rttable Found of the rus for the Year Ended 31 Janua 2022 The tfustees present their report wilh the financial statements of the charity for the year ended 31 January 2022. The trustees have adopted the provisions of Accounting and Reporting by Charilies.. Statement of Recommondad Practice applicable to charities preparing their eccounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective 1 January 20191. STRUCTURE. GOVERNANCE AND MANAGEMENT Goveming document The chartty is controlled by f(s goveming document, a deed of trust reflecting Ihe charitable objectives of the charitable incorporated OTgani&*ion (CIO). REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1188773 Prtnclpal address 81 St Marks Crescent Maidenhead BERKS SL6 50Q Tru¥tees D Helherington Treasurer Ms R Morrissy Chair K S Sura Secretary Approved by order of the board of tru$lees on ........ . and signed on ils behalf by.. Tnjstee Page 1

MCKS Charitable Foundation UK

Statement of Financial Activities for the Year Ended 31 January 2022

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
504,803
Investment income
3
7
Total
504,810
EXPENDITURE ON
Raising funds
4
-
Charitable activities
5
General charitable activities
228,937
Other
-
Total
228,937
NET INCOME
275,873
Transfers between funds
12
-
Net movement in funds
275,873
RECONCILIATION OF FUNDS
Total funds brought forward
530,846
TOTAL FUNDS CARRIED FORWARD
806,719		 Year Ended
31.1.22
Restricted
Total
fund
funds
£
£
25,733
530,536
-
7
25,733
530,543
-
-
-
228,937
-
-
-
228,937
25,733
301,606
-
-
25,733
301,606
13,332
544,178
39,065
845,784		 Period
26.3.20
to
31.1.21
Total
funds
£
165,865
2
165,867
950
105,479
15,396
121,825
44,042
13,553
57,595
486,583
544,178

The notes form part of these financial statements

Page 2

CKS arrtabl Fo nd ion UK alance Sheet 31 Janua 2022 31.1.22 Total funds 31.1.21 Total funds un￿$t￿Cted Restricted fund fund Notes CURRENT ASSETS Debtors Cash * bank 32,955 774.714 17.265 21.800 50,220 796,514 546,078 807,669 39,065 846,734 546,078 CREDITORS Amounts falling due within one year 11 (950) (950) {1.900) NEf CURRENT ASSETS 806,719 39,065 845,784 544,178 TOTAL ASSETS LESS CURRENT LIABILITIES 806,719 39,065 845.784 544.178 NET ASSETS 806.719 39,065 845.784 544,178 FUNDS Unrestricted funds Reslrrcled funds 12 806.719 39.065 530,846 13.332 TOTAL FUND8 845,784 544,178 The finan ial stalemèrrts were approved by the Board of Tru8tees and authorised for issue on and were signed on its behalf by.. Trustee The notes fomi part of these financial statements Page 3

MCKS Charitable Foundation UK

Cash Flow Statement for the Year Ended 31 January 2022

Year Ended
31.1.22
Notes
£
Cash flows from operating activities
Cash generated from operations
1
250,429
Net cash provided by operating activities
250,429
Cash flows from investing activities
Interest received
7
Net cash provided by investing activities
7
Change in cash and cash
equivalents in the reporting period
250,436
Cash and cash equivalents at the
beginning of the reporting period
546,078
Cash and cash equivalents at the
end of the reporting period
796,514		 Period
26.3.20
to
31.1.21
£
546,076
546,076
2
2
546,078
-
546,078

The notes form part of these financial statements

Page 4

MCKS Charitable Foundation UK

Notes to the Cash Flow Statement for the Year Ended 31 January 2022

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement
of Financial Activities)
Adjustments for:
Interest received
Increase in debtors
(Decrease)/increase in creditors
Net cash provided by operations
2.
ANALYSIS OF CHANGES IN NET FUNDS
At 1.2.21
£
Net cash
Cash at bank
546,078
546,078
Total
546,078		 Year Ended
31.1.22
£
301,606
(7)
-
(50,220)
(950)
250,429
Cash flow
£
250,436
250,436
250,436		 Period
26.3.20
to
31.1.21
£
44,042
(2)
500,136
-
1,900
546,076
At 31.1.22
£
796,514
796,514
796,514

The notes form part of these financial statements

Page 5

MCKS Charitable Foundation UK

Notes to the Financial Statements for the Year Ended 31 January 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Page 6

continued...

MCKS Charitable Foundation UK

Notes to the Financial Statements - continued for the Year Ended 31 January 2022

2.
DONATIONS AND LEGACIES
Year Ended
31.1.22
£
Donations
530,536
3.
INVESTMENT INCOME
Year Ended
31.1.22
£
Deposit account interest
7
4.
RAISING FUNDS
Other trading activities
Year Ended
31.1.22
£
Support costs
-
5.
CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
Support
Direct
(see note
costs (see
Costs
6)
note 7)
£
£
£
General charitable activities
1,030
211,000
16,907		 Period
26.3.20
to
31.1.21
£
165,865
Period
26.3.20
to
31.1.21
£
2
Period
26.3.20
to
31.1.21
£
950
Totals
£
228,937

Page 7

continued...

MCKS Charitable Foundation UK

Notes to the Financial Statements - continued for the Year Ended 31 January 2022

6. GRANTS PAYABLE

GRANTS PAYABLE
Period
26.3.20
Year Ended to
31.1.22 31.1.21
£ £
General charitable activities 211,000 105,000

7. SUPPORT COSTS

SUPPORT COSTS
Governance
Finance costs Totals
£ £ £
General charitable activities 23 16,884 16,907

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 January 2022 nor for the period ended 31 January 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 January 2022 nor for the period ended 31 January 2021.

9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
fund
fund
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
152,533
13,332
Investment income
2
-
Total
152,535
13,332
EXPENDITURE ON
Raising funds
950
-
Charitable activities
General charitable activities
105,479
-
Other
15,396
-
Total
121,825
-		 Total
funds
£
165,865
2
165,867
950
105,479
15,396
121,825

Page 8

continued...

MCKS Charitable Foundation UK

Notes to the Financial Statements - continued for the Year Ended 31 January 2022

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund fund funds
£ £ £
NET INCOME 30,710 13,332 44,042
Transfers between funds 13,553 - 13,553
Net movement in funds 44,263 13,332 57,595
RECONCILIATION OF FUNDS
Total funds brought forward 486,583 - 486,583
TOTAL FUNDS CARRIED FORWARD 530,846 13,332 544,178
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£ £
No description 50,220 -
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£ £
Other creditors 950 1,900
12. MOVEMENT IN FUNDS
Net
movement At
At 1.2.21 in funds 31.1.22
£ £ £
Unrestricted funds
General fund 530,846 275,873 806,719
Restricted funds
Centre Fund 13,332 25,733 39,065
TOTAL FUNDS 544,178 301,606 845,784

Page 9

continued...

MCKS Charitable Foundation UK

Notes to the Financial Statements - continued for the Year Ended 31 January 2022

12. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
504,810
(228,937)
Restricted funds
Centre Fund
25,733
-
TOTAL FUNDS
530,543
(228,937)
Comparatives for movement in funds
Net
Transfers
At
movement
between
26.3.20
in funds
funds
£
£
£
Unrestricted funds
General fund
486,583
30,710
13,553
Restricted funds
Centre Fund
-
13,332
-
TOTAL FUNDS
486,583
44,042
13,553
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
152,535
(121,825)
Restricted funds
Centre Fund
13,332
-
TOTAL FUNDS
165,867
(121,825)		 Movement
in funds
£
275,873
25,733
301,606
At
31.1.21
£
530,846
13,332
544,178
Movement
in funds
£
30,710
13,332
44,042

Page 10

continued...

MCKS Charitable Foundation UK

Notes to the Financial Statements - continued for the Year Ended 31 January 2022

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 January 2022.

Page 11

MCKS Charitable Foundation UK

Detailed Statement of Financial Activities for the Year Ended 31 January 2022

Year Ended
31.1.22
£
INCOME AND ENDOWMENTS
Donations and legacies
Donations
530,536
Investment income
Deposit account interest
7
Total incoming resources
530,543
EXPENDITURE
Charitable activities
Postage and stationery
995
Sundries
35
Grants to institutions
211,000
212,030
Support costs
Finance
Bank charges
23
Governance costs
Accountancy and legal fees
16,884
Exceptional items
-
16,884
Total resources expended
228,937
Net income
301,606		 Period
26.3.20
to
31.1.21
£
165,865
2
165,867
444
35
105,000
105,479
-
1,346
15,000
16,346
121,825
44,042

This page does not form part of the statutory financial statements

Page 12

TRUSTEES DECLARATION

MCKS CHARITABLE FOUNDATION UK

Registered Charity Number 1188773 Company Number CE021301

PERIOD ENDED 31/1/22

The trustees of MCKS Charitable Foundation UK present their annual report and accounts for the period leading to 31[st] January 2022 to comply with the requirements of the Charity Commission.

AIMS

MCKS Charitable Foundation UK (originally operating under a Declaration of Trust Deed dated 13/8/2012) registered as a Charitable Incorporated Organisation (CIO) in March 2020 and asset transfer completed to the CIO on 30 November 2020.

The MCKS Charitable Foundation UK has the following objects: it was predominately established as a feeding program and as a vehicle to help other charitable organisations, which have a good fit with its objects.

FUNDRAISING

The foundation raised £530,536 (2021: £165,865) in the year to 31 January 2022 and paid out £211,000 (2021: £105,000) to fourteen charities.

The charity wishes to extend its thanks and appreciation to The Institute of Pranic Healing UK & Ireland (IPHUK), for its huge ongoing support, being responsible through its network of Instructors and trainers, healers, students, patients, and wider family for the bulk of our income, as well as for the further volunteered time and effort by their members to support and enhance the value of our donations with healing and other services.

Naturally this gratitude extends to all the healer’s patients and family and the public who give so generously of their time and money.

DONATIONS

The Foundation is pleased to have been able to support fourteen charities during this period, with the following main donations this year.

It is envisaged that total Income and Donations for the next financial year to 31 January 2023 will continue to rise, thanks to the continued development and growth of the IPHUK and its qualified Pranic Healers and their continuing generosity towards the needy.

Independent Examlnerfs Report to the Trustees of MCKS Charitable Foundatlon UK Registered Charlty Number 1188773 Company Number CE021301 I report to the trustees on my examination of the financlal 5tatement5 of the Cornpany for the year ended 31st January 2022 Responsibilities and basis of report As the Chartivs trustee5 of the Company you are responsible for the preparatlon of the financial statements in accordantr with the requirements of the Companies Act 2CIJ61"the 2006 ACVI. Havin8 satisfied myself that the accounts of the Company are not required to be audited for the year under Part 16 of the 2006 Act and are eliglble for Independent examination, I report in respect of my examination of your charitys Financial statements as carried out under section 145 of the Charitie5 Act 20111"the 2011 ACVI. In carryin8 Out my examiniation, I have followed the Direttions Blven by the Charity Comm55ion under 5ertion 14515llbl of the 2011 Act. My role Is to state whether any moterial matters have come to my attention givlng cause to believe: 11 that accounting records were not kept as required by section 386 of the Companies Act 2006: or 21 that the financial Statements do not accord with those records; or 31 that the financial Statements do not comply with the relevant accountin8 requlrements under secton 396 of the Companies Act 2006 other than any requirements that the financial statements give a "true and fal¢ view whlch Is not a matter considered as part of an independent examination; or 41 the financial statement5 have not been prepared in accordance with the Charities SORP IFRS1021 Independent examlnerfs statement I have completed my examination and have no concerns in respect of the matters listed in111 to141 above and, in connection with following the Dirertions of the Charity Commission I have found no matters that require drawing to your attention. Robin Lawrence AFA R&M Accountancy Suite Ib. 18 Crendon Street Hi8h Wycombe Buskinghamshire HP13 6LS Dated 15, March 2022