**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<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>2<br>Investment income<br>3<br>**Total**<br>**EXPENDITURE ON**<br>Raising funds<br>4<br>**Charitable activities**<br>5<br>General charitable activities<br>**Total**<br>**NET INCOME/(EXPENDITURE)**<br>**Transfers between funds**<br>13<br>**Net movement in funds**<br>**RECONCILIATION OF FUNDS**<br>**Total funds brought forward**<br>**TOTAL FUNDS CARRIED FORWARD**|Unrestricted<br>Restricted<br>fund<br>funds<br>£<br>£<br>606,994<br>4,831<br>453<br>-<br>607,447<br>4,831<br>38,470<br>63,862<br>90,945<br>23,400<br>129,415<br>87,262<br>478,032<br>(82,431)<br>(47,800)<br>47,800<br>430,232<br>(34,631)<br>806,719<br>39,065<br>1,236,951<br>4,434|31.1.23<br>Total<br>funds<br>£<br>611,825<br>453<br>612,278<br>102,332<br>114,345<br>216,677<br>395,601<br>-<br>395,601<br>845,784<br>1,241,385|31.1.22<br>Total<br>funds<br>£<br>530,536<br>7<br>530,543<br>-<br>228,937<br>228,937<br>301,606<br>-<br>301,606<br>544,178<br>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<br>**Cash flows from operating activities**<br>Cash generated from operations<br>1<br>Net cash provided by operating activities<br>**Cash flows from investing activities**<br>Interest received<br>Net cash provided by investing activities<br>**Change in cash and cash**<br>**equivalents in the reporting period**<br>**Cash and cash equivalents at the**<br>**beginning of the reporting period**<br>**Cash and cash equivalents at the**<br>**end of the reporting period**|31.1.23<br>£<br>432,135<br>432,135<br>453<br>453<br>432,588<br>796,515<br>1,229,103|31.1.22<br>£<br>250,431<br>250,431<br>7<br>7<br>250,438<br>546,077<br>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**<br>Cash at bank<br>**Total**|At 1.2.22<br>£<br>796,515<br>796,515<br>796,515|Cash flow<br>£<br>432,588<br>432,588<br>432,588|At 31.1.23<br>£<br>1,229,103<br>1,229,103<br>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.**<br>**DONATIONS AND LEGACIES**<br>Donations<br>**3.**<br>**INVESTMENT INCOME**<br>Deposit account interest<br>**4.**<br>**RAISING FUNDS**<br>**Other trading activities**<br>Purchases<br>Staff costs<br>Support costs<br>**5.**<br>**CHARITABLE ACTIVITIES COSTS**<br>General charitable activities<br>**6.**<br>**GRANTS PAYABLE**<br>General charitable activities|Direct<br>Costs<br>£<br>10,155|Grant<br>funding of<br>activities<br>(see note<br>6)<br>£<br>49,762|31.1.23<br>£<br>611,825<br>31.1.23<br>£<br>453<br>31.1.23<br>£<br>95,134<br>4,498<br>2,700<br>102,332<br>Support<br>costs (see<br>note 7)<br>£<br>54,428<br>31.1.23<br>£<br>49,762|31.1.22<br>£<br>530,536<br>31.1.22<br>£<br>7<br>31.1.22<br>£<br>-<br>-<br>-<br>-<br>Totals<br>£<br>114,345<br>31.1.22<br>£<br>211,000|
|---|---|---|---|---|



Page 7 

continued... 



MCKS Charitable Foundation UK 

## Notes to the Financial Statements - continued for the Year Ended 31 January 2023 

## **7. SUPPORT COSTS** 

|Other trading activities<br>General charitable activities|Human<br>Governance<br>Finance<br>resources<br>costs<br>£<br>£<br>£<br>-<br>-<br>2,700<br>297<br>619<br>53,512<br>297<br>619<br>56,212|Totals<br>£<br>2,700<br>54,428<br>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<br>31.1.22<br>£<br>£<br>Wages and salaries<br>4,498<br>-|
|---|
|4,498<br>-|
|The average monthly number of employees during the year was as follows:<br>31.1.23<br>31.1.22<br>Administrative staff<br>1<br>-|



No employees received emoluments in excess of £60,000. 

Page 8 

continued... 



MCKS Charitable Foundation UK 

## Notes to the Financial Statements - continued for the Year Ended 31 January 2023 

|**10.**<br>**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**<br>Unrestricted<br>Restricted<br>fund<br>funds<br>£<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>504,803<br>25,733<br>Investment income<br>7<br>-<br>**Total**<br>504,810<br>25,733<br>**EXPENDITURE ON**<br>**Charitable activities**<br>General charitable activities<br>228,937<br>-<br>**NET INCOME**<br>275,873<br>25,733<br>**RECONCILIATION OF FUNDS**<br>**Total funds brought forward**<br>530,846<br>13,332<br>**TOTAL FUNDS CARRIED FORWARD**<br>806,719<br>39,065<br>**11.**<br>**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>31.1.23<br>£<br>Paypal ac<br>158|Total<br>funds<br>£<br>530,536<br>7<br>530,543<br>228,937<br>301,606<br>544,178<br>845,784<br>31.1.22<br>£<br>50,220|
|---|---|



Page 9 

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<br>Other creditors<br>**13.**<br>**MOVEMENT IN FUNDS**<br>Net<br>movement<br>At 1.2.22<br>in funds<br>£<br>£<br>**Unrestricted funds**<br>General fund<br>806,719<br>478,032<br>**Restricted funds**<br>Centre Fund<br>39,065<br>(18,569)<br>SCHOOL INCENTIVES<br>-<br>(63,862)<br>39,065<br>(82,431)<br>**TOTAL FUNDS**<br>845,784<br>395,601<br>Net movement in funds, included in the above are as follows:<br>Incoming<br>resources<br>£<br>**Unrestricted funds**<br>General fund<br>607,447<br>**Restricted funds**<br>Centre Fund<br>4,831<br>SCHOOL INCENTIVES<br>-<br>4,831<br>**TOTAL FUNDS**<br>612,278|31.1.23<br>31.1.22<br>£<br>£<br>4,704<br>1<br>2,690<br>950<br>7,394<br>951<br>Transfers<br>between<br>At<br>funds<br>31.1.23<br>£<br>£<br>(47,800)<br>1,236,951<br>(16,062)<br>4,434<br>63,862<br>-<br>47,800<br>4,434<br>-<br>1,241,385<br>Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(129,415)<br>478,032<br>(23,400)<br>(18,569)<br>(63,862)<br>(63,862)<br>(87,262)<br>(82,431)<br>(216,677)<br>395,601|
|---|---|



Page 10 

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<br>movement<br>At 1.2.21<br>in funds<br>£<br>£<br>**Unrestricted funds**<br>General fund<br>530,846<br>275,873<br>**Restricted funds**<br>Centre Fund<br>13,332<br>25,733<br>**TOTAL FUNDS**<br>544,178<br>301,606<br>Comparative net movement in funds, included in the above are as follows:<br>Incoming<br>Resources<br>resources<br>expended<br>£<br>£<br>**Unrestricted funds**<br>General fund<br>504,810<br>(228,937)<br>**Restricted funds**<br>Centre Fund<br>25,733<br>-<br>**TOTAL FUNDS**<br>530,543<br>(228,937)|At<br>31.1.22<br>£<br>806,719<br>39,065<br>845,784<br>Movement<br>in funds<br>£<br>275,873<br>25,733<br>301,606|
|---|---|



Page 11 

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**<br>General fund<br>**Restricted funds**<br>Centre Fund<br>SCHOOL INCENTIVES<br>**TOTAL FUNDS**|At 1.2.21<br>£<br>530,846<br>13,332<br>-<br>13,332<br>544,178|Net<br>movement<br>in funds<br>£<br>753,905<br>7,164<br>(63,862)<br>(56,698)<br>697,207|Transfers<br>between<br>At<br>funds<br>31.1.23<br>£<br>£<br>(47,800)<br>1,236,951<br>(16,062)<br>4,434<br>63,862<br>-<br>47,800<br>4,434<br>-<br>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<br>resources<br>£<br>**Unrestricted funds**<br>General fund<br>1,112,257<br>**Restricted funds**<br>Centre Fund<br>30,564<br>SCHOOL INCENTIVES<br>-<br>30,564<br>**TOTAL FUNDS**<br>1,142,821|Resources<br>expended<br>£<br>(358,352)<br>(23,400)<br>(63,862)<br>(87,262)<br>(445,614)|Movement<br>in funds<br>£<br>753,905<br>7,164<br>(63,862)<br>(56,698)<br>697,207|
|---|---|---|



Page 12 

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<br>for the Year Ended 31 January 2023<br>**INCOME AND ENDOWMENTS**<br>**Donations and legacies**<br>Donations<br>**Investment income**<br>Deposit account interest<br>**Total incoming resources**<br>**EXPENDITURE**<br>**Other trading activities**<br>Purchases<br>Wages<br>**Charitable activities**<br>Insurance<br>Telephone<br>Postage and stationery<br>Advertising<br>Sundries<br>No description<br>Grants to institutions<br>**Support costs**<br>**Finance**<br>Bank charges<br>**Human resources**<br>Software licences<br>**Governance costs**<br>Accountancy and legal fees<br>Carried forward|31.1.23<br>£<br>611,825<br>453<br>612,278<br>95,134<br>4,498<br>99,632<br>6<br>447<br>58<br>8,578<br>100<br>966<br>49,762<br>59,917<br>297<br>619<br>32,812<br>32,812|31.1.22<br>£<br>530,536<br>7<br>530,543<br>-<br>-<br>-<br>-<br>-<br>995<br>-<br>35<br>-<br>211,000<br>212,030<br>23<br>-<br>16,884<br>16,884|
|---|---|---|



This page does not form part of the statutory financial statements 

Page 14 



MCKS Charitable Foundation UK 

|Detailed Statement of Financial Activities<br>for the Year Ended 31 January 2023<br>**Governance costs**<br>Brought forward<br>Exceptional items<br>Total resources expended<br>**Net income**|31.1.23<br>£<br>32,812<br>23,400<br>56,212<br>216,677<br>395,601|31.1.22<br>£<br>16,884<br>-<br>16,884<br>228,937<br>301,606|
|---|---|---|



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