COMPANY REGISTRATION NUMBER 012271311 INTER-ACTION (MILTON KEYNES) LI￿￿TED COMPANY LIMITED BY GUARANTEE DRAFT UNAUDITED FINANCIAL STATEMENTS 31 MARCH 2021 Charity Nthmber 270458 *NA6UKZ94¥ 1710￿021 COMPANIES HOUSE A21 24 INFER-ACTION (MILTON KEYNES) LIMITED COMPANY LIMITED BY GuARA￿rE& DRAFf FINANCIAL STATEMENTS YEAR ENDED31 MARCH 2021 coMtNTS PAGE Trusiees. Annual Report Independen¢ ¢xamin¢Ws report to the members Statement offinanciai acbvities (Incorporating the income and expenditure account) io Balance sheet Notesto the financi￿ ￿atements 12 INTER-ACTION {MILTON KEYNES) LIMITED COMPANY LIMITED BY GUARA￿￿& DRAFf TRUSTEES, ANNUAL REPORT YEAR ENDED31 MARCH 2021 About IntsrA¢tion MK Inter-Action MK {www.interactionmk.org.uk) is an arts charity thai been improving the life chances and choi¢es of people who face challenge across Milton Keynes since 1975. Almost as old a5 the City itself. we work across communiiie5 including schools work and open events. and we also create Amazing PTojerts with amazing people inGluding Groovy Ge¢ko. our nightclub for learning disabled adults, creating new community garden spaces with partners City Discovery Centre which offer opportunities for volunteering and events for a range of wple who face challenge alongside l(Kal communiti¢s, work with Young Carers and CTeaiive digital projects. We work with trusted partners and have ihe support of our sector. Our focus through 2020121 has involved-. Moving quickly to adapi our proje¢ts to online delivery. Creating new projects whieh can be delivered remotely. Fundraising especially small pwk¢ts of emergency funding from a diverse range of sources. Developing new projects. INTER-ACTION (MILTOIY KEYNES) LIMITED COMPANY LIMITED BY GUAiiANTEE DRAFf TRusfELS' ANNUAL REPORT (conM4ed) YEAR ENDED31 MARCH 2021 The trustees, who arc also directors for the purposes of Company law. present their report and the financial stst¢m¢nts of the company for the year ended 31 March 2021. REFERENCE AND ADMJNISTRATIVE DETAILS Regis¢¢red clbarity name Int¢r-Action (Milton Keyne5) Limated Charity r¢gistrntion numb¢r 270458 Company regisirntion number 01227130 Principal 0￿1¢¢ Milton Keynes Discovery Cenire Bradwell Abbey Alston Drive Miliort Keynes MK13 9AP Dirttlor Diana Hatton The trustees The tru5tces who served the company during the period were as follow5: S Howard (Chairnian) M J Barry (Secrethry and TreLsurer) Debola Duz¢ Thomas Gray Amanda Mariow Tariq Raja Amanda Marlow was appointed as a trustee in July 2020. Tariq Raja was appointed as a tTUStee in February 2021. Independent ExxrniDer Harris & Co 2 Pavillion Court 600 Pavillion Drive Northampton NN4 7SL Bankers -CAF Bank, Kent INTER-Acrior4 (MILTON KEYNES) LIMITED COMPANY LIMITED BY GUARANTEE DRAFT TRUSTEES, ANNUAL REPORT (conliAu¢d) YEAR ENDED31 MARCH 2021 srRucfuR& GOV£RNAIYCK AND MAiYAGKMENT The trustees who are also directors of the charity for the purposes of the Companies Act 2006 present their report together with the financial statements for the year ended 31 si March 202 1. The trustees have adopted the provisions of the Charities Statement of Recommended Pra¢tLC¢ (SORP) 'FRS 102, issued in 2014. Governing do¢ument In¢¢r-Ac¢ion (Milton Keynes) Limi*d is a company limited by guarantee, incorporated on 19 September 1975. and a registered charity. It is governed by its Memorandum and Articles of A550ciation. The 8uarante¢ of ¢ach member is limited to £1 O. OWECTIVES AND ACTtVlTtES We have referred to the guidance contained in the Charity Cornmission's gener21 guidance on public benefit when reviewing our aims and obje¢iives and in planning our future activities. The primary gbjective is the provision of Community Arts and Arts Dev¢loprnent. Trustees A full list of the trustee5 who served durin8 the period. is shown within the legal and adrninistrative inforniation. Trustee re¢rul¢men¢ •knd or8*ni￿li0 Trustees are recruited through advertising locally and attracting in¢¢T¢sied individuals who are assessed against skill requirement5 needed by thc board. Remuneration Inter-A¢iion MK ¢uryently has no dire¢tly employed staff. Therefore. no ernployee earned tn excess of £60,000 during the period and the tothl remuneration paid io key managemen¢ personnel during the year was £nil (2020: £nil). INrER-ACTlON (MILTON KEYNES) LIMITED COMPANY LIMITED By GUARANTEE DRA￿ TRusfEES' ANNUAL REPORT (cwilitt¥elJ YEAR ENDED31 MARCH 2021 The Board of Trustees cary out a Risk Assessmeni on a quarterly basis through monitoring Management Accounts and regularly review operational policies including the Business Plan. Health and Safety Policy. Equal Opportunities Policy. Education Policy. Artistic Policy. Safeguarding policy. and Disciplinary Procedures. The 4-year business plan identifies the following key risk5 for the or8anisation along with the miiigAting actions to be undertaken.. Risk Mitig¥ling Aetion Covid 19. Suspension of all activ¢ projects during the pandemic Movin8 s¢rvices quickly online. Developing new remote projects and services. Contaciing funders to repurpose project funds. Applying in a iimely fashion for emergcncy funding. Sctting up the ability to work remoiely as a team. Failure to aehieve financial stability The programmes of work proposed for IAMK'S fuiure are highly fundable. and indeed have been ideniified as a priority locally and nationally across a portfolio of funding sources. We were succe55ful in achieving 3-year project funding from Children in Need but the challenge remains attracting consistent core fundin8. One of our projects which earns income towards cor¢ funding is a nightclub for learning disabled adults and thi5 had to be SLt5pended over the last 15 months. Our r¢serves have again had io be deployed in this financial year to achieve the core funding required d¢5piie an increas¢ in overall turnover and furbdraising. The grant from MKC durin8 this financial ye8r swrtched from core support ro project fundin8 which had an impact on our financial stability. The Board will keep a firm hold on finances and funding by continuin8 Wlth bimonthly meetings. Jnter-A¢tion has set up a Finance subgroup of 2 Trustces who meet monthly with th¢ Director and the Ac¢ountant to monitor financial activity againsi projections. We art working to In¢￿ase our potential for earned income in 202 Ir22 with a new digitsl proj¢¢t and with grant bids to both MKC and ACE for organizational development and a di8Ltal uplift which will help our obje¢tives to set up long tem) digitsl proj¢cts which ean earn money. IKfER-ACTION {MILTOIY KEYNES) LIMITED COMPAP4Y LIMITED BY GUARANTEE DRAFf TRUSTEES. ANNUAL REPORT (COlrlltt#ed) VKAR ENDED31 MARCH 2021 Risk Mitigating Aetioo BoArd Development In order io be credible to ￿nderS and panners and to be able ¢0 provide the Interim Director and incoming ieam with sutTi¢ieni Suppo￿ resource and ¢hall¢nge, Ihe Board has expanded in number and skill base through the appointment of two new trustees who are able to be fully active and en8ag¢d. Sp¢¢ific new key skills include a local coun¢illor who has lived experience of complex disabilities and a care foundation exe¢uiive wilh skill sin strategi¢ planning for charities. This has been achieved in part through new recruits. Our funding bid to MKC for 202 1122 will include provision for Board training especially in digital development. CompEtition Our work over the last year has ￿n$011daled Inter-Action MK a5 a leader and stron8 pamer within our sector locally. The work proposed requires specialist 5kill$ and elear commitment to deliver to a high standard that are not ne¢¢swily held by the most likely wmpetitors. Other artLSts and organisations developing pro8rammc5 Wlth shared objectives can help to build visibility. audien¢es and demand ror such work. Collaboration will be encouraged at all times. Inter-A¢tion are developing a new 4 year plan which will include actions towards th¢ objective of becoming the 'GoTo' organization within our stttor by year 4. INrER-ACTION {MILTON KEYNES) LIMITED COMPANY LIMITED BY GUARANTEE DRA wr TRUSTEES. ANf4UAL REPORT (ctrttiinM¢d) YEAR ENDED31 MARCH 2021 y 251112?l)- FrI￿y. ACHIEVEMENTS AIYD PKRFORMANCE The contribution made by Inier-A¢iion (Milton Keynes) Limited io the ¢ommunity is recognised by revenue support from Milton Keynes Council and project grants from Milton Keynes Community Foundation. Arts Council England. National Lottery and trusts and foundations including Children in Need. Tbe programme for 2020nl incl¥ded: N¥ture F¢st: In ¢ollal)oraiion with the City Diswvery Cenir¢ Inter-A¢tion Mk ¢r¢ated and managed a week-long online Nature Fesiival that en¢ournged participation and linked with both local and national organisations and opportunities with a new theme cach day. We ran creative tutorials. we linked with citizen science projects and ran 'How To. fllms and articles for families and individuals. Childr¢D'$ Summer Challeng¢: We ran a sumrner ¢hall¢n8e for ¢hildren including a Design a Children's Garden competition. a family growing and ¢ookin8 ¢hallen8e and a Book Club. Aware of 'zoom fatigue.. wc combined digital online workshops Wlth lovely hand-on packs full of beaulifully crafted elements whi¢h were delAvered io participant's doors. We ran small onlin¢ group5 and allowed for wider participation through the websit¢. Young Carer5 and Yourt8 Adult Cgr¢rs Projects: W¢ ran a training programme for Young Adult Carer5 training them to become mentors for Young Carers in future projects. We ran a number of zoom clubs for Young Carers. with accompanying p8¢ks including the Magic Story Club. Groo%y Gecko online: We ran a smaller online version of our nightclub for learning disabled adults, and also devised a GG 'Party' for a family SEN Festival. Covid information: W¢ continue to share. disseminate and 'translate' up to date Covid information to participants who are vulnerable and may be sufferin8 low mood. We feawred a 'Lockdown Diary.. giving a voi¢¢ to people who may not usually b¢ heard. I￿rER-A￿loN (MILTON KEYNES) LIMITED COMPANY LIMITED BY GUARANTEE DRAFfTRUSTEES' ANNUAL REPORT (¢•n•wMe4) YEAR ENDED31 MARCH 2021 Flmancigl Review The d¢ficii on the ordinary activities of the company during the year amounted to £3,984 (2020: deficit of £13.494). The principal funders of the OTganisation during the year were Milton Keynes Council. National Lottery Community Fund. Children in Need. Arts Council England. CAF Bank and Milton Keyne5 ComTnunity Foundation. Total funds held by Inter-Action MK as at 31 March 2021 were £7.994 (2020.. £11.978). consisting of unrestricted funds of £994 {2020: £6.897) and restricted funds of £7,000 (2020= £5.08 1). The trustees are confident that Int¢r-Action MK is able to coniinue to meet its liabilities as they fall due for the foreseeable futur¢ and thai the accounts should b¢ prepared on a 80in8 concern basÈs. Reserves Polity Th¢ trustees aim to keep enough In unrestricted reserves ¢0 ensure sufficient resourrxs are available to cover all notice and redundancy costs and future lease commitment5 in the event that they are reguired. In addiiion. the trustees aim to have sufficient unrestricted fund5 available to cover on-going projwis should funding fail. Inter-Action MK approaches fundraising as a team activity with the Director leading, and a range of approaches are taken to raise funds from the Arts Sector. Community Sector, Corporate Sector and Trusts. Inter-Action MK does not Use Ehe services of professional ￿ndraiserS or commercial participators to assist with its fund development. No complaints have been received re8ardin8 Its fund development activities. Covid-19 Since the year end Inter-Action MK. along with other chaTities and organisations. have been irnpa¢t¢d by the Covid-19 pandemic. In addition to the Risk &$ outlined in the Risk register on page 4 and the associaied Mitl8ating Actions listed, alternative funding sources are constantly under review and robust systems are in place to monitor and ensure that levels of cash/reserves are sufficient to sustain future planned expenditure. Our focus going forward will be to expand our capacity for earned income. PLANS FOR FUTVRK PERIODS We hope to resume Groovy Gecko Nightclub when it is safe to do so. We will continue to deliver projects with Young Carers and will look to our current fund¢r for this work (Children in Need) for a new 3-year funding package from 2022 onwards. We will create and deliver a new project for i501aied adults who have suffered low ment&1 health a result of covid based around Food and Cooking. We will create a new online project for learnin8 disabled adults whi¢h we hope eventually will run nationally and which will bring earned income to our core funding requirements. As one of a small consortium of Arts and Heritsge Organisations we will be hosting a traineeship through a partnership with MK College. This is fvnd¢d by Milton Keynes Council. We are completing a new 4-year plan. TRUSTEFS. Af4p4UAL REPORT (ewthdj YLIR ENDED 31 MARCH 2021 PUBLIC BENEnr W¢ 8¢hi¢vt public bvrfi¢ by th¢•adrv¢ry of the serviw helpinB w provbd¢ Comlrnmiry Arts and .Th¢ tru8tKs (Tpkno #re tstsr.A¢uon (Milknn KeyDe3) Limited for th¢ putPg¥¢S ¢*f the mLEteeK have elected the finsmeial ststeme*ts tn ae£ofdancewth LknitrAI KifiBdorn Generalty A￿lP￿d A¢¢ouniin8 pr￿tiCe (United KiD8dtsrn A¢¢outitin8 S¢wxdATts 4y>licable law). Uoder ¢ompAny 14w th¢ tru6t¢¢s tDust oot 4yrove the fittatyclaiswett￿ts unless th¢y ¥T¢ Satisfied that tbey give a tyu¢ wl fair vi•v pf ths state of aff•ir4 of the Glwitablg and ofthc incorninB restsur￿ 8cl¢¢t suitsbl¢ a¢¢owiiAng poli¢i¢& aDd apply thern con*xs¢￿tty. b￿¥¢ the m¢thod6 and pri￿1p￿¢S ID thc Chuitits SORP (FILS102 ¢tste whether 4yplieable UK Aeeowitsn8 St•ndardx been foliowo£ thiect th any matth41 of the charitsble c4trmp•ny and CTJable them kn r￿sUrE that thE financial SthTUD¢n¢S vrith the I¢v￿£ InfnrTn￿irffl and kn &%ttht?8h th¢ cxamiTrcr i* of th•t irtfmmotbnn. Thc ¢hwithbl¢ compar￿1 wnsidcr th•tAn a•dit is not rquircd farthis yrnr(uhthra¢¢tion 144(2) SMAII COMPANY PROVISIONS 2021 IJVER-ACTION IMILTON KEYNES) LIMITED COMPANY LIMITED BY GUARANT£E INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF INTER-ACTION (MILTON KEYNES) LIMITED YEAR ENDED 31 MARCH 2021 I report to the charity tTuslee5 on my examnat￿n ol the accwnls of the ch￿lty the yeor ended 31 March 2021 which are sel out on poges len lo nneteen. Responslbllllles and basls ol iewl As the chority's Irustees you ore reSpon*￿e the prepualKm of the occounts in occordonce with the requirements ol the Chorities Act 2011 I'the Acl'l. I report in respecl ol my examination ol the chorily'5 occounls Corr￿ oul vnder section 145 01 the Act ond in corrying out my exominotion I hove followed all the opplicoble tifeclions given by the Chorily Commission ￿der 5eclion 14515llbl ol the Act. Independent examSner's st•]temefit I confirm thal l am qvalified to undertake the examinolion because l o member of The Institute of Chortered Accounlant5 in England ond Wale5. which is one ol the listed b¢)dies. I hove completed my exorninolion. I confirm thot no moterial matter5 hove come to my olfention in connection wrth the examination giving me couse lo belEve Ihol in ony maleriol respect= accO￿lIng records were not kept in respect ol the ¢￿tY 05 req￿￿ed by section 130 01 the Act., or Ihe occounts do not occord with those record5,' or Ihe occounts do not comply wilh the oppflcoble reqLMrements conceming the form and content ol account5 Set out in the Charitie5 IAccount5 and Rek)Ortsl Regulolions 2C%)8 other than any requirement that the occounts give a 'tnJe and fair view, which 15 nol o moller considered os part ol an independent excrnlnat￿n. I have no concems ond hove come ocross no olhw Matte￿ in conneeli¢)n with the exomln0t￿n to which ollenlion should be drawn in this report in order to enc*)le a proper under51onding ol Ihe occounls lo be reoch&d. Phllip Ho AFCA Horris ond Co Chortered Accovntan15 2 Pavilion Court Povilion Drive Northompton NN4 7SL t)ale'. INTER-Acrior4 (MILTON KEYNES) LIMITED COMPAP4Y LIMITED BY GUARANTEE DRAFT STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPKNDITURE ACCOUIWD YEAR ENDED31 MARCH 2021 Unresirlcted Funds R￿Ti¢¢ed Fllnds Totsl Fuods 2021 Total Funds 20•0 Note Note 2 Incorne endowments from: Donations and legacies h¢r tradin8 activities Investment income Other income 21Jll 733 26.095 321 47.406 1,054 43,058 8,695 302 Total in¢ome and endowTre•ts 22.045 26.416 48.461 52,063 Expendit￿r* oi: Raising fvnds activities Charitable activities Depreciation (8225) (23.981) {211) (8,225) (44.009) (211) (16,940) (48,J54) (263) (65.557) (20.028) Tot•1 expenditur¢ {32,417) (20,028) {S2.445) Net incomelltxpeiditurel Transfer between funds (IOJ72) 4,469 6J88 (4,469) (3.984) (13,494) N¢t rnovement in fumd (5.903) 1919 (3984) (13,494) R¢¢•n¢diilion•f Tot￿ funds brough¢ forward at l April Tol41 fuTrds ¢#ffied forwxrd #t JI Marth 6897 5.081 11,978 25.472 994 7,1100 7.994 11.978 The Statement of Financi￿ Activiiies includes all gains and losses in the year and therefore a siatement Oft0t￿ recognised gans and losses has not been preparcd. All of the above amount5 relate to continuing activities. Th¢ on ￿ge5 12 10 19 fonn prt ofthes¢ fmanei•l st*tem¢llt& -1 31 MARCH 2921 2020 N•te FIXED Assrn ran8ible a8¥ets 13 222 Cash at bank and in haod 973 13.396 CRYI)nORS: kno¥nt$ due wlthlp one year 14 (990) (1.640) ' NET CURREN[ &SSETS 1.756 TOTAL ASSETS I￿$ LifkTtENT IJAMUTILS 7.994 11.978 11.978 NIT ASSETS Rgstricted income fimds Uorcstiicicd incotne fimds 15 994 5.081 6.897 11,97B TOTAL FUP41AS 7,994 For the year ettded 31 Mjrth 2D21 the charity ¢Mitied w u•Dptsots frotll I￿111 voder seclLan 471 of tbe C4MDpaTues A¢t 2fK16 relATiD8 w S￿￿1 companies. No memttr of the cwipgry ba5 dqx)sited a notice. purspJaDt section 476. requiring an audit of thcsc fiDaD¢id *tem￿lI. The trusrees acknowledge the1[resp￿bi11tles for ULgUiO¥ thai thecbarity kee￿ Accowth¥ Tecords vknich comply with sectirn 386 of the Act ¥lld fw prying fin￿¢131 stsreroents Woicb give a trnc and fair view of the stste of affairs of th¢ compaDy as at thc cnd of thc fiDanc2ai year and of its into￿bD& r¢s0V￿ and applicRIioD of r¢sour¢es, ioch]ditig its Éncome and exp¢ndiDJte. for the fioallcial yar in arEordao¢¢ with th¢ ofswtiDDS 394 4lld 395 and wbith othcrwis¢ Gowly with thc rwjlt¢￿ ofth¢ CorypaDieS Ad 2006 relatiD8 to fill￿181 stat¢moJt& 50 far ￿ applic*bl¢ to thew¥Jpany. 202] and gre sigD&l ( ChAirnian Compuny Regi8traiion Numb¢r: 01227130 The n•ru o• pagu 12 t• 19 (orn pwl of tktlt fiu•mdml X¢•tetya¢ INTER-AcfioN {MILTON KEYf4ES) LIMITED COMPANY LIMITED BY GUARANTEE DRAFT NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED31 MARCH 2021 ACCOVNTJNG POLICIES B4515 of g¢¢ounting The financial staiem•)is have been prepared in accordancc with the AccountinE and Reporting by Charities-. Statemeni of Recommended Practice applicabl¢ io charities preparirjg their accounts in accordance with the Financial Reporting Standard applicable in the UK and R¢publi¢ of Ireland (FRS 102) (effective l January 20 15) (charities SORP (FRS 102)). the Financial Reporting Standard applicable in the UK and Republic of Ircland (FRS 102) arhd the Cornpanies Act 2006. Inter-Action (Milion Keynes) meets the definition of a public benefit entity under FRS 102. Ass¢ts and liabiliiies are initially re¢ognised at historical cost or transaction value unless otherwise ststed in the relevant accounting policy not¢(s). Covid-19 and golng ¢on¢ern In response to the Covid-19 pandemic. the Trust¢e5 have perfornied a robusi analysis of forecast future cash flows taking into account any potential impacts on the charity of any possible fvture scenarios arising from the impact of Covid-19. This analysis also considers the effectiveness of available measures to as51St in mitl8ating the impact. Based on these as5cssrnents and havrng regard to the r¢sour¢es available to the charity. the Trustees have coneluded thai there is no material uncertainty arising from the Covid-19 pandemic and that they Can conlinue to adopt the going ¢on¢ern basis in preparing the annual report and accounts. The trustees are confident that Inter-Actton MK 15 able to continue to meei its liabilities a5 they fall due for at leasi. but not limited to. 12 month5 from the date the accounts are approved. CAsh now st*i¢ment The ¢rustees have taken advantage of the exemption in SORP Bulletin I, published in February 2016. which exempts small charities from preparing a cash flow statement. *ceounting General funds are unrestricted funds which are av&lable for use at the discretion of the trustees in the furth¢ran¢¢ of the gener￿ objectives of the charity and which have noi been designated for o¢her purposes. Resthc¢ed funds are funds which are used in accordance with specific restriction$ imposed by donors or which have been r&sed by the charity for particular purposes. The cost of rrisiog and adminisiertng such funds are charged ag&nsi the specific fund. The aim and use of each restricted fund is set out in the notes to the financi￿ statements. E¥pendi¢ure All expenditure is accounted for on an accrnals basis and ha5 been Clas￿ried under headings that a88resate all costs related to the category. Where cosis cannot be directly aThibu¢able to particulat headings they have been allocaled on a basis consistent with use of resources. Support cosrs are those costs incurred directly in support of expenditure on the objects of the chariiy and include project management catried out on th¢ premis¢s. Expenditure I fix¢d assets are initially record¢d at cost. Depr¢¢iation is ¢alculated 50 as io Write off the c051 of asset. less it5 e5tirnated residual valu4 over ihe useful economic life of that ass¢t &5 follows: Computer equipmtnt - 50Vo straighl line Fixiures and fLrtin8S - 33% strnight line INTER-AcfioN (MILTON KEYNES) LIMITED COMPANY LIMITED BY GUARANTEE DRA wr NOTFS TO THE FINANCIAL STATEMENTS (cMiiNMed> YEAR ENDED31 MARCH 2021 ACCOUNTING POLICIES (eontiA•ed) Pension cos¢s The company operates a defined eonthbulion pcnsion scheme for employees. The asset5 ofihe scheme are held separately from those ofthe company. The annu￿ con¢ribuTion5 payable are char8ed to the statement of financial actiwties. All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity i5 legalty entitled to th¢ income and th¢ amount can be quantified with reasonable accuracy. srATEMENf OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUKD UDwestricied Funds Reslrlcted Funds TotAI Funds 2020 Note Income emd0wwe￿ts from: Donaiions and le8acies Other trading activitie5 nvestment in¢ome Other income 23.03S 8.69S 20.023 43,058 8,695 302 302 Totsl intome #hd endowmeDts 32.040 20.023 52.063 Expenditure oo: Raising funds activities Charitable activilies Dcpre¢iation (16.940) (21.425) (263) (J6,940) (48.354) (263) 126,929) Total expenditurt (38.628) {26.929) (65,557) N¢t iu¢om¢ll¢xpeDdil•rt) Transfer between funds {6,588) 8.948 (A906) (&948) (13,494} Net rnDverneTrt in funds (1SJS4) (13.494) Rtt•D¢ilriiionof fu•d Total funds brought forward at l Apri12019 Totsl carried forwArd at 31 Mir¢h 2020 4.537 20.935 15.472 6.897 5.081 11.978 The Statement of Financi￿ Activhties includes ail gains and losses in the year and thcrefore a statement of total recognised gwns and losses has not been prepared. Al of the above amount5 relatc to continuing activitics. -1 INTER-ACTION (MILTON KEYNES) LIMITED COMPANY LIMITED BY GUARA Tr￿EE DRA ￿ NOTES TO THE FINANCIAL STATEMENTS (continmedl YEAR ENDED31 MARCH 2021 DONATIONS AP4D LEGACIES UDre$iri¢ted Funds R￿rIcted Totsl Fund5 Toial Funds Funds 2021 2020 Donations Aira Ar805 Buckles SolicitOf5 Oty Distovery Centre John L¢ws Muk Bcnevokni Furbl W S*phe The Sun Waitros¢ 2( 519 1,000 186 1.804 I,(￿0 21 100(J 21 1.0 2110 21 8.500 410 339 Grants receivable Milton Keynes Councd grants Milton Keyens Council - Class of 21 Milton K¢yn¢s CouTh¢il- Business Development City Discovery Centre CiNeed- Bradwell Abbey Gardens National Lottery- Summer Challen8e MKcF-An￿iaTh Water FuTrJ ArLS Council England CAF Bank IIKCF-Co￿d.19 EJ]wgTut 7.500 7.500 10,0 5.300 9.800 9.99S 9,995 ii,ioo 5,000 4,050 2,IXIO 2,990 4,050 2.1)00 2990 21JAI 26.095 47.406 43,058 OTHER TRADING ACTIVITIES Uwresiricted FuDd5 Restricted TotAI Funds Total Funds Funds 2021 2020 Donatlons Earn¢d inwme 733 321 INVESTMENTINCOME UTrr¢stricted Totsl Funds Tot￿ Funds 2021 2020 Bank inlerest rctcr¥able OTHER INCOME UTrresirict¢d Total Fund5 Total Funds 2021 2020 Miseellanetyts ui¢cm¢ 302 -14- IhTER-ACTION (MILTON KEYNES) LIMITED COMPAP4Y LIMITED BY GUARANTEE DRAFT NOTES TO THE FINANCIAL STATEMENTS (eonlxlx YEAR EiYDED 31 MARCH 2021 EXPENDITURE ON RAISING FUNDS U*resiri¢ted Fund5 Restr5d¢d Total Funds Total Fund5 Funds 202] 2020 Support costs- Administy•iv¢ 8225 8225 16,940. EXPENDITURE ON CHARITABL8 ACTivmLS U•restrieted Funds Reslricted Total FuDds Total Funds Funds 2021 2020 Groovy Gecko City Discovery Centre Sun Carers The Treasury Class of 2 1 Cook and Book Club Summer Challenge Bradwell Abbey Gardens Campaign Arts Council England One Family Gardens Children5 Gard¢ns Covid-19 Support costs 216 733 370 216 733 37 3,485 218 370 500 3.700 717 8J31 71 717 71 12,134 4,633 2,575 3.387 10.709 10,709 4J90 13,722 4190 13.722 17.352 23,981 211,028 44.009 48.354 COSTS OF CHARITABLE ACTIVITI￿ BY ACTIVITY TYPE Sup cos ri Tot*1 FuDd$ Toial Funds 2021 2020 Proje¢t tosts Groovy Gecko City Discovery C¢ntre Sun Carers The Treasury Class of 21 Cook and Book Club Summer Challenge Bradwell Abbey Gardens Campaign Arts Council England One Family Gardens Childrens Garden5 Covid-19 Salary relaied expendinire Administrative costs Pr¢Trwses and office costs Govern8nr¢ 216 733 370 216 733 370 3.485 218 370 500 3.700 717 8J31 71 717 71 12.134 4,633 4.050 2,575 3.387 10.7•9 4090 10.709 4,890 2.086 8.137 U72 617 2.086 8.137 2072 627 2,025 10.776 3.014 1,537 30287 13.722 44,009 48,354 -1 INTER-ACTiof4 (MILTON KEYNES) LIMITED COMPANY LIMITED BY GUAIL41YfEE DRAFT JYOTES TO THE FINANCIAL STATEMENTS (cthY¢iANel) YEAR ENDED31 MARCH 2021 OTHER EXPENDITVRE Uoresiri¢¢¢d Totsl FuThd$ Total Funds FuAd8 2021 2020 Depr¢ciation 263 263 I•. NIT INCOME I (EXPENDITURE) FOR THE YEAR This is stated after charging- 21121 2020 Staff pension contiibutions Depreciation Independent Examiner's fees 2.086 2,025 263 1,600 I I. FUND TRANSFERS The fund iransfers from the Summer Challenge. Cook abd Book Club and Children's Gardens relate to an allocation of costs frorn the restiicted fund to contribute to the unresiiicted costs of the charity. 12. sTAFFCO￿ AND EMOLUMENIS Tot81 sthif costs wer¢ as follows: 2021 2020 Oth¢r pension costs 2,086 2.025 2.086 2,025 Particulars ol employees.. The averag¢ number of ¢mployees during the year, calculated on the basis of full-time eqUIv￿ent$. was as follows: 2021 No 2020 No Mana8ernent and administrative staff No trustees received eiiher remun¢raiion or exp¢nses in the year (2020: £nil). No em￿OYee rec¢iv¢d remuneration ofmore than £60.000 during the year (2020 - Nil). I￿rER-A￿loN (MILTON KEYNES) LIMITED COMPANY LIMITED BY GUARANTEE DRAFT NOTES TO THE FINANCIAL STATEMENTS {coftilnMe YEAR ENDED3J MARCH 2021 13. TANGIBLE FIXED ASSETS COST At l April 2020 Addilion5 At 31 M*reb 2021 ,799 I,VJ9 DEPRECIATION Ai l April 2020 Charge for the year At 31 March 2021 1.577 1,788 NET BOOK VALUE At 31 Mgrch 2021 At 31 March 2020 222 14. CREDITORS: Amounts fAlling d•e within one year 2021 2020 Trade creditors Other cr¢dttor5 40 1,600 990 1.640 -17- IKfER-AcfioN {MILTON KEYNES) LIMITED COMPANY LIMITED BY GuARA￿rE£ DRAFT NOTES TO TH£ FINANCIAL sfATEMENTS (collilhud) YEAR EIYDED31 MARCH 2021 IS. RESTRICTED FUNDS Outgoing resowrees Ltal#net at Transfers 31 Mar 2021 l Apr2020 rtsources Summer Challenge Bradwell Abbey Gardens Cook and Book Club ii.ioo 321 {8.531) (71) (1.$69) 1.000 2SO 5,000 (717) (S33) 3.750 Children5 Gardens S,081 9.995 (10.71)9} (2J67) 2,000 5.081 26,416 {20.028) (4,469) 7,000 Summer Challenge. W¢ ran a summer challenge for children inrluding a Design 74 Children's Garden ¢omp¢tition, a fomily growing and cooking ¢hallenge and a Book Club. Aware of '7A)om fatigue.. we ombined digital online workshops with lovely hand-on pack5 full of beautifully crafted elemenis which were delivered ￿ participant's do0￿. W¢ r*J small online8roups wjd allowed for widcr participation through the websitc. Natur¢ Fcsi.. In ¢