REGISTERED CHARITY NUMBER: 1204671
Report of the Trustees and Unaudited Financial Statements for the Period 12 September 2023 to 31 December 2024 for
GENERATIONS CHURCH MILTON KEYNES
GENERATIONS CHURCH MILTON KEYNES
Contents of the Financial Statements for the Period 12 September 2023 to 31 December 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statements of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 8 |
| Detailed Statements of Financial Activities | 9 |
GENERATIONS CHURCH MILTON KEYNES Report of the Trustees for the Period 12 September 2023 to 31 December 2024
The trustees presents their report with the financial statements of the charity for the period 23 September 2023 to 31 December 2024. The Trustees have adopted the provisions of 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) and with the Charities Act 2011.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1204671
Registered office
Fresh Inspiration, Unit 3/6 413 Midsummer Boulevard Milton Keynes MK9 3BN
Trustees
Akinola Komolafe (Chair) Appointed 01/07/2023 Teodoro A Rodrigues Appointed 31/07/2023 Oluyemisi O J Lijofi Appointed 31/07/2023 Akinola Omotesho Appointed 31/07/2023 Uzochikwa Nwuga Appointed 01/07/2023 Folashade Komolafe Appointed 01/07/2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Generations Church Milton Keynes is a Charitable Incorporated Organisation-FOUNDATION. It is governed by a Memorandum and Articles of Association and controlled by the Trustees for the purpose of company law.
Principal Activity
The principal activity of the Charity in the year under review was the advancement of the Christian faith.
Risk management
The trustees have addressed the major risks to which the charity is exposed, in particular those relating to specific operational areas of the charity and its finances. The trustees believe that by monitoring reserve levels, by ensuring controls exist over key financial systems and by examining the operational and business risks faced by the charity, they have established effective systems to mitigate those risks.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity has one main objective:
The advancement of the Christian faith for the public benefit in accordance with the Statement of Faith in Milton keynes and in such other parhs of the United Kingdom or the world as the charity Trustees may from time-to-time think fit through the holding of prayer meetings, raising awareness of religious beliefs and practices, celebrating religious festivals, outreach and pastorial care in the community.
Plans for the future
Generations Church Milton Keynes remains committed to being a Christ-centred, multi-generational community that loves God, loves people and impacts the world. Our future focus is on strengthening our foundations, especially in discipling and empowering the younger generations through Youth Church, Ignite Hangout, mentoring and leadership development. We will continue to support every member's spiritual growth through our Growth Path journey and expanded leadership training. Community outreach will remain central, deepening partnerships and increasing our presence in Glebe farm and surrounding areas. A Key long-term priority is securing a permanent place of worship that will enable greater capacity for worship, discipleshi youth work and community programmes. Above all, we will continue raising strong leaders and building a thriving, Spirit-filled church that makes Christ known for generations to come.
Page 1
GENERATIONS CHURCH MILTON KEYNES
Report of the Trustees for the Period 12 September 2023 to 31 December 2024
Generations church Milton Keynes launched public worship services in September 2023 with a vision to build a Christ-centred, multi-generational church committed to discipleship, worship, leadership development and community transformation. The first recorded service welcomed 252 people, indicating strong initial engagement.
Growth and Stability: Following the launch, attendance stabilised into consistent growth. Average weekly attendance increased from 119 in late 2023 to 216 across 2024. New guest engagement also grew from an average of 6 visitors per month in 2023 to14 per month by Q4 2024. Sunday services have remained central church life, characterised by vibrant multicultural worship, practical Bible teaching and warm hospitality that has supported newcomers intergrating into the church family.
The Youth and Children's Church has shown resilience and growth. Beginning with an average of 40 young people, numbers stabilised to around 35 weekly by late 2024 following significant investment in Identity-building, mentoring and leadership development. Youth involvement in worship, hospitality, media and creative ministries reflects increasing ownership and discipleship maturity. Children's ministry also expanded, with the Adventurers group growing from 5 children at launch to an average of 27 by Q4 2024, alongside steady growth in the Heroes and Legends classes. Programme are now structured, curriculum-based and volunteer supported.
Community engagement has been a mojor priority. The annual Summer Community BBQ grew from serving approximately 630 people in 2023 to 780 in 2024, strengthening local relationships and connecting new families to the faith community.
Ignite Friday Youth Hangout , has become a key outreach platform, providing a safe, relational space for young people from across the community, including many who do not yet attend Sunday services.
Voluntary workers and ministry leaders have played a vital role in the church growth, with 20-40 volunteers serving weekly, demonstrating extraordinary commitment and unity. The continued growth and stability of the church are directly linked to the passion, faithfulness and generosity of those who serve.
GenChurch benevolence: The church provided benevolence through pastoral support, practical help and financial assistance to individuals and families facing hardship, supporting 23 cases during the reporting period.
International Missions: the church supported HOYWIK in Kenya and Christian Chapel Ministries International in Sierra Leone, contributing to education, welfare and gospel outreach.
Thanks And Appreciation
Approved by order of the board of trustees on 29 October 2025 and signed on its behalf by
Akinola Omotesho
Page 2
GENERATIONS CHURCH MILTON KEYNES
Statements of Financial Activities for the Period 12 September 2023 to 31 December 2024
| Notes INCOME AND ENDOWMENTS FROM Donations, Gifts, Grants and legacies 2 Investment Income Total EXPENDITURE Honorarium 4 Charitable activities Total NET (EXPENDITURE)/INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD CONTINUING OPERATIONS |
2024 Unrestricted Restricted Total Total fund fund funds funds £ £ £ £ 121677 - 121677 0 159 - 159 0 |
|---|---|
| 121836 0 121836 0 3200 0 3200 0 75806 0 75806 0 |
|
| 79006 0 79006 0 |
|
| 42830 0 42830 0 0 0 0 0 |
|
| 42830 0 42830 0 |
|
All income and expenditure has arisen from continuing activities
The notes form part of these financial statements
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GENERATIONS CHURCH MILTON KEYNES
Balance Sheet At 31 December 2024
| Notes FIXED ASSETS Tangible assets 7 CURRENT ASSETS Debtors 8 Cash at bank CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted Restricted fund fund £ £ 6709 - - - 36321 - |
2024 Total Total funds funds £ £ 6709 0 - - 36321 0 |
|---|---|---|
| 43030 - (200) - |
43030 0 (200) 0 |
|
| 42830 - |
42830 0 |
|
| 42830 - |
42830 0 |
|
| 42830 - |
42830 0 |
|
| 42830 0 - - |
||
| 42830 0 |
The financial statements were approved by the board of Trustees on 29 October 2025 and were signed on its behalf by
Akinola Omotesho
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GENERATIONS CHURCH MILTON KEYNES
Notes to the Financial Statements for the Period 12 September 2023 to 31 December 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with:
the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102
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 cost cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment 10% on cost- straight line
Office Equipment 10% on cost- straight line
Taxation
The charity is exempt from corporation 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. Restriction arises 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.
2. DONATIONS AND LEGACIES
| Tithes and offerings Gifts Aid Claims Other Income |
2024 £ £ 105002 0 0 0 16675 0 |
|---|---|
| 121677 0 |
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GENERATIONS CHURCH MILTON KEYNES
| Notes to the Financial Statements for the Period 12 September 2023 to 31 December 2024 3. INVESTMENT INCOME Deposit account interest 4. EXPENDITURE Charitable Activities Honorarium Support costs 5. TRUSTEE'S REMUNERATION AND BENEFITS There were no trustee's expenses paid for the year ended 31 August 2023. 6. STAFF COSTS Administration The average monthly number of employees during the year was as follows: 7. TANGIBLE FIXED ASSETS Cost At 12 September 2023 Additions At 31 December 2024 Depreciation At 12 September 2023 Charge for year At 31 December 2024 NET BOOK VALUE At 31 December 2024 At 31 December 2023 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors |
Equipment £ 0 5029 |
2024 £ £ 159 - |
|---|---|---|
| 2024 £ £ 3200 0 75806 0 |
||
| 2024 £ £ - - |
||
| 2024 £ £ 0 0 |
||
| 0 0 Office Totals Equipment £ £ 0 0 2425 7454 |
||
| 5029 | 2425 7454 |
|
| 0 503 |
0 0 242 745 |
|
| 503 | 242 745 |
|
| 4526 | 2183 6709 |
|
| 0 | 0 0 |
|
| 2024 £ £ - - |
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GENERATIONS CHURCH MILTON KEYNES
Notes to the Financial Statements
for the Period 12 September 2023 to 31 December 2024
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Taxation and Social security Accruals and deferred income 10. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds TOTAL FUNDS |
At 12.09.23 £ 0 - |
Net movement in funds £ 42830 - |
2024 £ £ 0 0 200 0 |
|---|---|---|---|
| 200 0 |
|||
| Transfers between funds At 31.12.24 £ £ - 42830 - - |
|||
| 0 | 42830 | - 42830 |
|
| Incoming resources £ 121836 - |
Resources Movement expended in funds £ £ (79006) 42830 - - |
||
| 121836 | (79006) 43830 |
11. RELATED PARTY DISCLOSURES
There are no related party transactions for the year ended 31 December 2024
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GENERATIONS CHURCH MILTON KEYNES
Detailed Statement of Financial Activities for the Period 12 September 2023 to 31 December 2024
| INCOME Tithes and offerings Gift Aid Claim Deposit interest Other Income EXPENDITURE Honorarium Honorarium Charitable activities Benevolence/giving Hall hire Missions & Outreach (local & Int') Printing, postage & stationery Books & other resources IT software & consumables Travel Insurance Subscriptions Advert & promotions Youth activities Support costs Management Bank charges General expenses Depreciation Human Resources Wages Social security Others Community events & activities Hospitality & Refreshments Governance costs Legal & professional fees Total Resources expended Net (expenditure)/income |
2024 £ £ 105002 0 0 0 159 0 16675 0 |
|---|---|
| 121836 0 |
|
| 3201 0 |
|
| 3201 0 10606 0 5408 0 8213 0 550 0 3115 0 384 0 395 0 495 0 2202 0 5174 0 13926 0 |
|
| 50468 0 80 0 3528 0 745 0 |
|
| 4353 0 0 0 0 0 |
|
| 0 0 10696 0 9498 0 |
|
| 20194 0 790 0 |
|
| 790 0 |
|
| 79006 0 |
|
| 42830 0 |
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GENERATIONS CHURCH MILTON KEYNES
Independent Examiner's Report to the Trustees
I report on the accounts for the period from 12 September 2023 to 31 December 2024 set out four to nine.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.
It is my responsibility to:
-
examine the accounts under Section 145 of the 2011 Act
-
to follow the procedure laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act) ; and
-
to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosure in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts presents a 'true and fair view' and the report is limited to those matters set out in the statements below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that, in any material respect, the requirements
-
to keep accounting records in accordance with Section 130 of the Act; and
-
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
O Obidipe Independent Examiner 30 October 2025
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