REGISTERED CHARITY NUMBER: 1188773
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 January 2023
for
MCKS Charitable Foundation UK
MCKS Charitable Foundation UK
Contents of the Financial Statements for the Year Ended 31 January 2023
| 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 13 |
| Detailed Statement of Financial Activities | 14 to 15 |
MCK Charitable Foundation UK h Trustees r Ended 31 Janua for The trustees present their report vthh the financial statemenls of the charity for Ihe year ended 31 January 2023. The truslees have adopted the provisions of Accounting and Reporting by Charities.. Staternent of Recommended Practice applicable lo charities preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 20191. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its goveming document, a deed of trust reflecting the charitable objective$ of the charitable incorporated organization ICIO). REFERENCE AND ADMINISTRATIVE DETAILS Registered Charlty number 1188773 Principal addross 81 St Marks Crescent Maidenhead BERKS SL6 5DQ Trustees D Hetherington Treasurer Ms R Morrissy Chair Iresigned 21.6.221 K S Sura Secretary (resigned 8.11.221 L J Flitcroft Chair {appointed 22.6.221 Ms M Khair8 lappoinled 8.11.22) M D Willis (appointed 8.11.221 Approved by order of the board of trustees on ... by.. and signed on ils behalf Page 1
MCKS Charitable Foundation UK
Statement of Financial Activities for the Year Ended 31 January 2023
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Investment income 3 Total EXPENDITURE ON Raising funds 4 Charitable activities 5 General charitable activities Total NET INCOME/(EXPENDITURE) Transfers between funds 13 Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Restricted fund funds £ £ 606,994 4,831 453 - 607,447 4,831 38,470 63,862 90,945 23,400 129,415 87,262 478,032 (82,431) (47,800) 47,800 430,232 (34,631) 806,719 39,065 1,236,951 4,434 |
31.1.23 Total funds £ 611,825 453 612,278 102,332 114,345 216,677 395,601 - 395,601 845,784 1,241,385 |
31.1.22 Total funds £ 530,536 7 530,543 - 228,937 228,937 301,606 - 301,606 544,178 845,784 |
|---|---|---|---|
The notes form part of these financial statements
Page 2
KS Charitable Foun alance Sheet 31 Janua 2023 31.1.23 Total funds 31.1.22 Total fund5 Unreslricted Restricted fund funds Notes CURRENT ASSETS Deblors Cash at bank 18,052 1,226,292 1,824 2,811 19,878 1.229,103 50,220 796,515 1,244,344 4,435 1,248,779 846.735 CREDITORS Amounts falling due wilhin one year 12 17,3931 17,3941 (951) NET CURRENT ASSETS 1,236.951 4,434 1.241,385 845.784 TOTAL ASSET8 LE88 CURRENT LIABILITIES 1,236,951 4,434 1,241,385 845,784 NET ASSErs 1,236,951 4,434 1,241.385 845,784 FUND8 Unrestricted funds Restricted funds 13 1.236,951 4,434 806,719 39.065 TOTAL FUNDS 1,241,385 845,784 The finan ial slatements were approved by the Board of Trust and authorised for issue on . and were 51gned 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 2023
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by operating activities Cash flows from investing activities Interest received Net cash provided by investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
31.1.23 £ 432,135 432,135 453 453 432,588 796,515 1,229,103 |
31.1.22 £ 250,431 250,431 7 7 250,438 546,077 796,515 |
|---|---|---|
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 2023
| 1. | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING | ACTIVITIES |
|---|---|---|---|
| 31.1.23 | 31.1.22 | ||
| £ | £ | ||
| Net income for the reporting period (as per the Statement | |||
| of Financial Activities) | 395,601 | 301,606 | |
| Adjustments for: | |||
| Interest received | (453) | (7) | |
| Decrease/(increase) in debtors | 30,544 | (50,220) | |
| Increase/(decrease) in creditors | 6,443 | (948) | |
| Net cash provided by operations | 432,135 | 250,431 |
2. ANALYSIS OF CHANGES IN NET FUNDS
| Net cash Cash at bank Total |
At 1.2.22 £ 796,515 796,515 796,515 |
Cash flow £ 432,588 432,588 432,588 |
At 31.1.23 £ 1,229,103 1,229,103 1,229,103 |
|---|---|---|---|
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 2023
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 2023
| 2. DONATIONS AND LEGACIES Donations 3. INVESTMENT INCOME Deposit account interest 4. RAISING FUNDS Other trading activities Purchases Staff costs Support costs 5. CHARITABLE ACTIVITIES COSTS General charitable activities 6. GRANTS PAYABLE General charitable activities |
Direct Costs £ 10,155 |
Grant funding of activities (see note 6) £ 49,762 |
31.1.23 £ 611,825 31.1.23 £ 453 31.1.23 £ 95,134 4,498 2,700 102,332 Support costs (see note 7) £ 54,428 31.1.23 £ 49,762 |
31.1.22 £ 530,536 31.1.22 £ 7 31.1.22 £ - - - - Totals £ 114,345 31.1.22 £ 211,000 |
|---|---|---|---|---|
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continued...
MCKS Charitable Foundation UK
Notes to the Financial Statements - continued for the Year Ended 31 January 2023
7. SUPPORT COSTS
| Other trading activities General charitable activities |
Human Governance Finance resources costs £ £ £ - - 2,700 297 619 53,512 297 619 56,212 |
Totals £ 2,700 54,428 57,128 |
|---|---|---|
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 January 2023 nor for the year ended 31 January 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 January 2023 nor for the year ended 31 January 2022.
9. STAFF COSTS
| 31.1.23 31.1.22 £ £ Wages and salaries 4,498 - |
|---|
| 4,498 - |
| The average monthly number of employees during the year was as follows: 31.1.23 31.1.22 Administrative staff 1 - |
No employees received emoluments in excess of £60,000.
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continued...
MCKS Charitable Foundation UK
Notes to the Financial Statements - continued for the Year Ended 31 January 2023
| 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 504,803 25,733 Investment income 7 - Total 504,810 25,733 EXPENDITURE ON Charitable activities General charitable activities 228,937 - NET INCOME 275,873 25,733 RECONCILIATION OF FUNDS Total funds brought forward 530,846 13,332 TOTAL FUNDS CARRIED FORWARD 806,719 39,065 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.1.23 £ Paypal ac 158 |
Total funds £ 530,536 7 530,543 228,937 301,606 544,178 845,784 31.1.22 £ 50,220 |
|---|---|
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continued...
MCKS Charitable Foundation UK
Notes to the Financial Statements - continued for the Year Ended 31 January 2023
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Other creditors 13. MOVEMENT IN FUNDS Net movement At 1.2.22 in funds £ £ Unrestricted funds General fund 806,719 478,032 Restricted funds Centre Fund 39,065 (18,569) SCHOOL INCENTIVES - (63,862) 39,065 (82,431) TOTAL FUNDS 845,784 395,601 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 607,447 Restricted funds Centre Fund 4,831 SCHOOL INCENTIVES - 4,831 TOTAL FUNDS 612,278 |
31.1.23 31.1.22 £ £ 4,704 1 2,690 950 7,394 951 Transfers between At funds 31.1.23 £ £ (47,800) 1,236,951 (16,062) 4,434 63,862 - 47,800 4,434 - 1,241,385 Resources Movement expended in funds £ £ (129,415) 478,032 (23,400) (18,569) (63,862) (63,862) (87,262) (82,431) (216,677) 395,601 |
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continued...
MCKS Charitable Foundation UK
Notes to the Financial Statements - continued for the Year Ended 31 January 2023
13. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net movement At 1.2.21 in funds £ £ Unrestricted funds General fund 530,846 275,873 Restricted funds Centre Fund 13,332 25,733 TOTAL FUNDS 544,178 301,606 Comparative 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) |
At 31.1.22 £ 806,719 39,065 845,784 Movement in funds £ 275,873 25,733 301,606 |
|---|---|
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continued...
MCKS Charitable Foundation UK
Notes to the Financial Statements - continued for the Year Ended 31 January 2023
13. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Centre Fund SCHOOL INCENTIVES TOTAL FUNDS |
At 1.2.21 £ 530,846 13,332 - 13,332 544,178 |
Net movement in funds £ 753,905 7,164 (63,862) (56,698) 697,207 |
Transfers between At funds 31.1.23 £ £ (47,800) 1,236,951 (16,062) 4,434 63,862 - 47,800 4,434 - 1,241,385 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 1,112,257 Restricted funds Centre Fund 30,564 SCHOOL INCENTIVES - 30,564 TOTAL FUNDS 1,142,821 |
Resources expended £ (358,352) (23,400) (63,862) (87,262) (445,614) |
Movement in funds £ 753,905 7,164 (63,862) (56,698) 697,207 |
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continued...
MCKS Charitable Foundation UK
Notes to the Financial Statements - continued for the Year Ended 31 January 2023
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 January 2023.
Page 13
MCKS Charitable Foundation UK
| Detailed Statement of Financial Activities for the Year Ended 31 January 2023 INCOME AND ENDOWMENTS Donations and legacies Donations Investment income Deposit account interest Total incoming resources EXPENDITURE Other trading activities Purchases Wages Charitable activities Insurance Telephone Postage and stationery Advertising Sundries No description Grants to institutions Support costs Finance Bank charges Human resources Software licences Governance costs Accountancy and legal fees Carried forward |
31.1.23 £ 611,825 453 612,278 95,134 4,498 99,632 6 447 58 8,578 100 966 49,762 59,917 297 619 32,812 32,812 |
31.1.22 £ 530,536 7 530,543 - - - - - 995 - 35 - 211,000 212,030 23 - 16,884 16,884 |
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This page does not form part of the statutory financial statements
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MCKS Charitable Foundation UK
| Detailed Statement of Financial Activities for the Year Ended 31 January 2023 Governance costs Brought forward Exceptional items Total resources expended Net income |
31.1.23 £ 32,812 23,400 56,212 216,677 395,601 |
31.1.22 £ 16,884 - 16,884 228,937 301,606 |
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This page does not form part of the statutory financial statements
Page 15
TRUSTEES DECLARATION
MCKS CHARITABLE FOUNDATION UK
Registered Charity Number 1188773 Company Number CE021301
PERIOD ENDED 31/1/23
The trustees of MCKS Charitable Foundation UK present their annual report and accounts for the period leading to 31[st] January 2023 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 mission of the MCKS Charitable Foundation UK is to help alleviate suffering by providing caring and compassionate support to those in need.
Up to June 2022 our charity was a grant giving charity. Since this date we have set up our own initiatives and school pantry cupboards. We collaborate with schools to provide much-needed weekly deliveries of food, toiletries, and sanitary products to stock their pantry cupboards.
Our annual goal is to increase the number of school pantries we can support from 45 to 100 by the summer of 2023, with additional support during the summer holidays for the most vulnerable students and their families.
FUNDRAISING
The foundation raised £611,825 (2022: £530,536) in the year to 31 January 2023.
The charity wishes to extend its thanks and appreciation to The Institute of Pranic Healing UK & Ireland, 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.
Independent Examlnerfs Report to the Trustees of MCKS Charltable Foundatlon UK Reglstered Charity Number 1188773 Company Number CE021301 I report to the trustees on my examination of the financial 5t3tements of the Company for the year ended 31st january 2023 Responslbillties and basis of report As the Chartiy's tr*Jstees of the Companv vou are responsible for the preparation of the financial Statements in accordance with the requirements of the Companles Act 20061"the 2006 Act"). 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 eligible for independent examination, I report in respect of my examinatlon of your charity's Flnancial statements a5 carrled out under sectlon 145 of the Charities Act 20111"the 2011 Act"). In carrying out my examiniation, I have followed the DSre¢tlons 8iven bv the Charity Commssion under section 1451511bl of the 2011 Act. My role is to state whether any material matters have come to my attentlon 8iving cause to believe: 11 that èccounting record5 were not kept as required by 5e¢tion 386 of the Companies Act 2006,. or 21 that the fin3ncial statements do not accord with those records,. or 31 that the flnanclal statement5 do not comply with the relevant accountlng requirement5 under secton 396 of the Companies Act 2006 other than any requlrements that the finantial statements Bive a "true and faSr" view which 15 not a matter considered 35 part of an independent examination,. or 41 the financial Statements have not been prepared in accordance with the Charities SORP IFR51021 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 followln8 the Directions of the Charity Commission I have found no matters that require drawlnB to your attention. Robin Lawrence AFA R&M Accountancy Suite Ib, 18 Crendon Street High Wycombe Buskingham5hire HP13 6LS Dated 28th April 2023