**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 R￿t￿Cled 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| |---|---|---| Page 7 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. Page 8 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| |---|---|---| Page 9 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|| |||||||| Page 10 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| |---|---|---|---| Page 11 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| |---|---|---|---|---| Page 12 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 charit￿5 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