REGISTERED CHARITY NUMBER: 1188773
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 January 2024
for
MCKS Charitable Foundation UK
MCKS Charitable Foundation UK
Contents of the Financial Statements for the Year Ended 31 January 2024
| 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 |
The InJste•s pregent their report the finan¢ial 8tatements of th• ¢harity lor the yoar erKlod 31 January 2024. The tru818es have adopted the prow810ns of Accounling and Reporting by Charrties.. Statemènt ol Recommended Practlce OPF4l¢able to ch8rltleg preparing Ihelr accounts In accordanGe with the Financial Reporting Stand8rd *ppllcAbl• in the UK and Rgpublk of Ireland IFRS 102) leffectlve 1 January 20191. STRUCTURE, GOVERNANCE AND MANAGEMEKr Governlng document The chartty is controlled by tt8 governlng doojmant. a of tw•1 rellectlng the charitabh obJxJv•s of the charttabla IncorForated organlzotlon ICIO). REFERENCE AND ADMINISTRATIVE DETAILS Reglster•d Chorlty number 1188773 Prlnclpal address 81 Sl Marks CfeKerrt Maidenhead BERKS SL6 5DQ Trustaès D Hethérlngton Tr088urer Ms R Morri58y L J Flilcfoft Chalr M8 M Khaira M D WNIis Ire81gned 15.11.23) M3 A L Rigby Ms S L Scott lappolnt•d 2.9.23) MS A S Young {appolnlad 15.11.231 Approved by ord8r ol the board ol tw$ta•8 on and 8lgn•d on Its tjehall Trusloe Paga 1
MCKS Charitable Foundation UK
Statement of Financial Activities for the Year Ended 31 January 2024
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Investment income 3 Total EXPENDITURE ON Raising funds 4 Charitable activities 5 General charitable activities Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Restricted fund funds £ £ 695,317 4,202 15,990 - 711,307 4,202 334,692 - 155,049 - 489,741 - 221,566 4,202 1,236,951 4,434 1,458,517 8,636 |
31.1.24 Total funds £ 699,519 15,990 715,509 334,692 155,049 489,741 225,768 1,241,385 1,467,153 |
31.1.23 Total funds £ 611,825 453 612,278 102,332 114,345 216,677 395,601 845,784 1,241,385 |
|---|---|---|---|
The notes form part of these financial statements
Page 2
31.1.24 Total tund$ 31.1.23 Tot81 fund$ Unreslncl•d Re3tri¢ted fund lunds Notes CURRENT A8SET8 Debtors Cash al bank 11 28.070 1,435.469 1,624 7,013 27.894 1.442.482 19.876 1,229.103 1,461.539 8,837 1,470,176 1,248.779 CREDITOR8 Amounts falllng duo thIn one year 12 (3.022) (1) (3,023) 17.3941 NET CURRENT ASSET3 1,458,517 8,636 1,487,153 1,241,385 TOTAL A88Ef8 LE88 CURRENT UABILITIES 1,458,517 8,638 1,487,153 1.241,385 NET ASSETS 1.458,517 8,83e 1,487,153 1.241.385 FUNDS UnrestrKted funds RtCled fvnda 13 1.458,517 1.238.951 4.434 TOTAL FUND8 1.487.153 1,241.385 Thofi an¢ial 8tal6m•nts were approved by the Bo•rd ol Tiu$t••• and aulhtyl•ed lor Issu• on , and w•rn •ignod on rts b•half by. Tru81ee Th• not08 fomi part ol thom financial •tatgm•nts P490 3
MCKS Charitable Foundation UK
Cash Flow Statement for the Year Ended 31 January 2024
| 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 |
31.1.24 £ 197,389 197,389 15,990 15,990 213,379 1,229,103 1,442,482 |
31.1.23 £ 432,135 432,135 453 453 432,588 796,515 1,229,103 |
|---|---|---|
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 2024
| 1. | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING | ACTIVITIES |
|---|---|---|---|
| 31.1.24 | 31.1.23 | ||
| £ | £ | ||
| Net income for the reporting period (as per the Statement | |||
| of Financial Activities) | 225,768 | 395,601 | |
| Adjustments for: | |||
| Interest received | (15,990) | (453) | |
| (Increase)/decrease in debtors | (8,018) | 30,544 | |
| (Decrease)/increase in creditors | (4,371) | 6,443 | |
| Net cash provided by operations | 197,389 | 432,135 |
2. ANALYSIS OF CHANGES IN NET FUNDS
| Net cash Cash at bank Total |
At 1.2.23 £ 1,229,103 1,229,103 1,229,103 |
Cash flow £ 213,379 213,379 213,379 |
At 31.1.24 £ 1,442,482 1,442,482 1,442,482 |
|---|---|---|---|
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 2024
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.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 6
continued...
MCKS Charitable Foundation UK
Notes to the Financial Statements - continued for the Year Ended 31 January 2024
| 2. DONATIONS AND LEGACIES Donations 3. INVESTMENT INCOME Deposit account interest 4. RAISING FUNDS Raising donations and legacies Support costs Other trading activities Purchases Staff costs Support costs Aggregate amounts |
31.1.24 £ 699,519 31.1.24 £ 15,990 31.1.24 £ 2,295 31.1.24 £ 327,626 4,771 - 332,397 334,692 |
31.1.23 £ 611,825 31.1.23 £ 453 31.1.23 £ - 31.1.23 £ 95,134 4,498 2,700 102,332 102,332 |
|---|---|---|
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continued...
MCKS Charitable Foundation UK
Notes to the Financial Statements - continued for the Year Ended 31 January 2024
5. CHARITABLE ACTIVITIES COSTS
| General charitable activities GRANTS PAYABLE General charitable activities |
Direct Costs £ 3,700 |
Grant funding of activities (see note 6) £ 144,987 |
Support costs (see note 7) £ 6,362 31.1.24 £ 144,987 |
Totals £ 155,049 31.1.23 £ 49,762 |
|---|---|---|---|---|
6. GRANTS PAYABLE
7. SUPPORT COSTS
| Human Governance Finance resources costs £ £ £ Raising donations and legacies - - 2,295 General charitable activities 827 2,456 3,079 827 2,456 5,374 |
Totals £ 2,295 6,362 8,657 |
|---|---|
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 January 2024 nor for the year ended 31 January 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 January 2024 nor for the year ended 31 January 2023.
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continued...
MCKS Charitable Foundation UK
Notes to the Financial Statements - continued for the Year Ended 31 January 2024
9. STAFF COSTS
| 31.1.24 £ Wages and salaries 4,751 Other pension costs 20 4,771 The average monthly number of employees during the year was as follows: 31.1.24 Administrative staff - No employees received emoluments in excess of £60,000. 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 606,994 4,831 Investment income 453 - Total 607,447 4,831 EXPENDITURE ON Raising funds 38,470 63,862 Charitable activities General charitable activities 90,945 23,400 Total 129,415 87,262 NET INCOME/(EXPENDITURE) 478,032 (82,431) Transfers between funds (47,800) 47,800 Net movement in funds 430,232 (34,631) RECONCILIATION OF FUNDS Total funds brought forward 806,719 39,065 |
31.1.23 £ 4,498 - 4,498 31.1.23 1 Total funds £ 611,825 453 612,278 102,332 114,345 216,677 395,601 - 395,601 845,784 |
|
|---|---|---|
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continued...
MCKS Charitable Foundation UK
Notes to the Financial Statements - continued for the Year Ended 31 January 2024
| 10. | COMPARATIVES FOR THE STATEMENT OF | FINANCIAL ACTIVITIES - continued | FINANCIAL ACTIVITIES - continued | FINANCIAL ACTIVITIES - continued | FINANCIAL ACTIVITIES - continued | |
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| fund | funds | funds | ||||
| £ | £ | £ | ||||
| TOTAL FUNDS CARRIED FORWARD | 1,236,951 | 4,434 | 1,241,385 | |||
| 11. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| Paypal ac | 31.1.24 £ 4,348 |
31.1.23 £ 158 |
||||
| 12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| Trade creditors | 31.1.24 £ 873 |
31.1.23 £ 4,704 |
||||
| Other creditors | 2,150 | 2,690 | ||||
| 3,023 | 7,394 | |||||
| 13. | MOVEMENT IN FUNDS | |||||
| Unrestricted funds | At 1.2.23 £ |
Net movement in funds £ |
At 31.1.24 £ |
|||
| General fund | 1,236,951 | 221,566 | 1,458,517 | |||
| Restricted funds | ||||||
| Centre Fund | 4,434 | 4,202 | 8,636 | |||
| TOTAL FUNDS | 1,241,385 | 225,768 | 1,467,153 | |||
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continued...
MCKS Charitable Foundation UK
Notes to the Financial Statements - continued for the Year Ended 31 January 2024
13. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Centre Fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Centre Fund SCHOOL INCENTIVES TOTAL FUNDS |
At 1.2.22 £ 806,719 39,065 - 39,065 845,784 |
Incoming resources £ 711,307 4,202 715,509 Net movement in funds £ 478,032 (18,569) (63,862) (82,431) 395,601 |
Resources Movement expended in funds £ £ (489,741) 221,566 - 4,202 (489,741) 225,768 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 |
|---|---|---|---|
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continued...
MCKS Charitable Foundation UK
Notes to the Financial Statements - continued for the Year Ended 31 January 2024
13. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Centre Fund SCHOOL INCENTIVES TOTAL FUNDS |
Incoming resources £ 607,447 4,831 - 4,831 612,278 |
Resources expended £ (129,415) (23,400) (63,862) (87,262) (216,677) |
Movement in funds £ 478,032 (18,569) (63,862) (82,431) 395,601 |
|---|---|---|---|
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 1.2.22 £ 806,719 39,065 - 39,065 845,784 |
Net movement in funds £ 699,598 (14,367) (63,862) (78,229) 621,369 |
Transfers between funds £ (47,800) (16,062) 63,862 47,800 - |
At 31.1.24 £ 1,458,517 8,636 - 8,636 1,467,153 |
|---|---|---|---|---|
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continued...
MCKS Charitable Foundation UK
Notes to the Financial Statements - continued for the Year Ended 31 January 2024
13. MOVEMENT IN FUNDS - continued
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 1,318,754 Restricted funds Centre Fund 9,033 SCHOOL INCENTIVES - 9,033 TOTAL FUNDS 1,327,787 |
Resources expended £ (619,156) (23,400) (63,862) (87,262) (706,418) |
Movement in funds £ 699,598 (14,367) (63,862) (78,229) 621,369 |
|---|---|---|
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 January 2024.
Page 13
MCKS Charitable Foundation UK
| Detailed Statement of Financial Activities for the Year Ended 31 January 2024 INCOME AND ENDOWMENTS Donations and legacies Donations Investment income Deposit account interest Total incoming resources EXPENDITURE Other trading activities Purchases Wages Pensions 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 |
31.1.24 £ 699,519 15,990 715,509 327,626 4,751 20 332,397 1,659 - - 654 200 1,187 144,987 148,687 827 2,456 5,374 5,374 |
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 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 14
MCKS Charitable Foundation UK
| Detailed Statement of Financial Activities for the Year Ended 31 January 2024 Governance costs Brought forward Exceptional items Total resources expended Net income |
31.1.24 £ 5,374 - 5,374 489,741 225,768 |
31.1.23 £ 32,812 23,400 56,212 216,677 395,601 |
|---|---|---|
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 31/1/24
The trustees of MCKS Charitable Foundation UK present their annual report and accounts for the period leading to 31st January 2024 to comply with the requirements of the Charity Commission.
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 purpose of the MCKS Charitable Foundation UK is to relieve poverty and help alleviate suffering in the UK through food pantries, feeding programs, informative support, and charitable services under the MCKS UK name. The relief of those in need by reason of youth, age, ill health, or disability by providing caring and compassionate support to all regardless of cultural or religious backgrounds to help create healthy and resilient communities in the UK.
During our reporting period 2023-24 our focus has been to provide support to schools with weekly deliveries of food, toiletries, and sanitary products to stock their pantry cupboards and support the provision of breakfast clubs. We achieved our goal to increase the number of school pantries we can support to 100 by the summer of 2023. Our goal is to increase this further to 150 schools by September 2024 and to increase support to these schools by applying a tiering system focusing out funds in relation to need. During 2024 this support will be extended during the school holidays to provide continuity of support to families and children in need.
We base our provision of support on careful investigation into need to ensure our funds are used in line with our purpose. Our plans for 2024-25 include extension of support across the areas our purpose outlines to include health and disability through provision of targeted grants.
FUNDRAISING
The foundation raised £699,519 (2023: £611,825) in the year to 31 January 2024. 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, Therapists, 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 families and the public who give so generously of their time and money.
Independent Examlnerfs Report to the Trustees of MCKS Charitable Foundation UK Registered Charity Number 1188773 Company Number CE021301 I report to the trustees on my examination of the financial statements of the Company for the year ended 31st January 2024 Responsibilitles and basis of report A5 the Chartirfs trustees of the Company you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 20061"the 2006 Act"). Having satisfied myself that the accounts of the Company are not required to be audited foi the year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charit5 Financial ststements as carried out under section 145 of the Charities Art 20111.the 2011 Art'l. In Carrying out my examiniation, I have followed the Directions given by the Charity Commssion under settion 14515llbl of the 2011 Act. My role is to state whether any material matters have come to my attention 8ivin8 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 wlth those records,. or 31 that the financial statements do not comply with the relevant accounting requirements under secton 396 of the Companies Art 2006 other than any requirements that the financial statements give a "true and fairf, view which is not a matter considered a5 Part of an independent examination- or 41 the financial statements have not been prepared in accordance with the Charitles SORP IFR51021 Independent examinerfs ststement I have completed my examination and have no concerns in re5pert of the matters listed in111 to141 above and, in connection with following the Directions of the Charity Commission I have found no rnatters that require drawing to your attention. Robin Lawrence AFA R&M Accountancy Suite Ib, 18 Crendon Street High Wycombe Buskinghamshire HP13 6LS Dated 31. October 2024