| CONTENTS | PAGE | ||
|---|---|---|---|
| Trustees' Annual Report |
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| Independent examiner's |
repoit to the members | ||
| Statement offinancial | activities | ||
| (incorporating the income and expenditure |
account) | 10 | |
| Balance sheet | |||
| Notes to the financial statements | 12 |
| Risk | Mitigating | Action | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Covid 19. Loss of | One of | our projects which earns |
income | towards | core | ||||
| earned income. | funding is a nightclub for learning |
disabled | adults | and | this | ||||
| had to be | suspended over the last 24 |
months. | |||||||
| We have | been able to open again from April | 2022, and have | |||||||
| developed | a new delivery structure, |
which | should | ensure a | |||||
| consistent | small earned income return. | ||||||||
| Failure to achieve | The Board will keep a firm hold on | finances | and | funding | by | ||||
| financial stability. The programmes ofwork |
continuing aFinance |
with bimonthly meetings. subgroup of2Trustees who |
Inter-Action has set up meet monthly with the |
||||||
| proposed for IAMK's | Director | and the Accountant to monitor financial |
activity | ||||||
| future are highly | against projections. | ||||||||
| fundable, and indeed |
We are working to increase our potential for earned | income | |||||||
| have been identified as a |
in 2022/23 with a new digital project | and with grant | bids to | ||||||
| priority locally and | both MKC and ACE for organizational development |
and a | |||||||
| nationally across a portfolio offunding |
digital uplift which will help our objectives term digital projects which can earn money. |
to | set | up | long | ||||
| sources. We were | Our new 4year plan contains financial | targets | for | medium to | |||||
| successful in achieving |
long term | funding to include an uplift |
in core | funding. | |||||
| 3-year project funding | We build | a percentage towards core funding |
into | each | |||||
| from Children in Need |
funding bid. |
||||||||
| but the challenge | |||||||||
| remains attracting |
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| consistent core funding. | |||||||||
| Our reserves have again | |||||||||
| had to be deployed in |
|||||||||
| this financial year to | |||||||||
| achieve the core funding | |||||||||
| required despite an |
|||||||||
| increase in overall | |||||||||
| turnover and fundraising. |
|||||||||
| The grant from MKC | |||||||||
| have switched from core | |||||||||
| support toproject | |||||||||
| funding. |
| Unrestricted | Restricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | ||
| Note | 8 | ||||
| Note 2 | |||||
| Income and endowments | from: | ||||
| Donations and legacies |
3 | 13,6$8 | 26,965 | 40,653 | 47,406 |
| Other trading activities | 4 | 1,054 | |||
| Investment income |
5 | I | |||
| Total income snd endowments | 13,68$ | 26,965 | 40,653 | 48,46I | |
| Expenditure on: |
|||||
| Raising funds activities | 6 | (3,793) | (3,793) | (8,225) | |
| Charitable activities |
7 | (10,541) | (21,168) | (31,709) | (44,009) |
| Depreciation | 8 | (11) | (11) | (211) | |
| Total expenditure | (14,345) | (21,168) | (35,513) | (52,445) | |
| Net income/(expenditure) | (657) | 5,797 | 5,140 | (3,984) | |
| Transfer between funds |
10 | 2353 | (2,353) | ||
| Net movement in funds |
1,696 | 3,444 | 5,140 | (3,984) | |
| Rcceucigsdeu effunds: | |||||
| Total funds brought forward |
|||||
| at I April | 994 | 7,000 | 7,994 | 11,978 | |
| Total funds carried forward | |||||
| at 31March | 2,690 | 10,444 | 13,134 | 7,994 |
| BALANCE SHEET | BALANCE SHEET | ||||||
|---|---|---|---|---|---|---|---|
| 31 MARCH 2022 | |||||||
| 2022 | 2021 | ||||||
| Note | |||||||
| FKED ASSETS | |||||||
| Tangible assets | |||||||
| CURRENT ASSETS | |||||||
| Cash at bank and in hand | 15,041 | 8,973 | |||||
| CREDITORS: Amounts falling due within one year |
13 | (1,907) | (990) | ||||
| NET CURRENT ASSETS | 13,134 | 7,903 | |||||
| TOTAL ASSETS LESSCURRENT LIABILITIES | 13,134 | 7,994 | |||||
| NET ASSETS | 13,134 | 7,994 | |||||
| FUNDS | |||||||
| Restricted income funds Unrestricted income funds |
14 15 |
20844 2,690 |
7,000 994 |
||||
| TOTAL FUNDS | 13,134 | 7,994 | |||||
| For the year ended 31 March 2022 the charity was entitled Companies Act 2006 relating to small companies. No member section 476, requiring an audit ofthese financial statements. |
to exemption from audit under section 477 of the ofthe company has deposited a notice, pursuant to |
| Unrestricted | Restdcted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2021 | ||
| Note | f. | E | ||
| income and endowments | from: | |||
| Donations and legacies |
3 | 21,311 | 26,095 | 47,406 |
| Other trading activities investment income |
4 5 |
733 I |
321 | 1,054 I |
| Total income and endowments | 22,045 | 26,416 | 48,461 | |
| Expenditure on: |
||||
| Raising funds activities Charitable activities Depreciation |
(8,225) (23,981) (211) |
(20,028) | (8,225) (44,009) (211) |
|
| Total expenditure | (32,417) | (20,028) | (52,445) | |
| Net income/(expenditure) Transfer between funds |
10 | (10,372) 4,469 |
6,388 (4,469) |
(3,984) |
| Net movement in funds |
(5,903) | 1,919 | (3,984) | |
| Reconeitiadoa offends: |
||||
| Total funds brought forward |
||||
| at 1 April 2020 | 6,897 | 5,081 | 11,978 | |
| Total funds carried fonvsrd | ||||
| at 31March 2021 | 7,000 | 7,994 |
| 3. | DONATIONS AND LEGACIES |
DONATIONS AND LEGACIES |
||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | |||
| Fuads | Funds | 2022 | 2021 | |||
| E | ||||||
| Donations | ||||||
| Albert Hunt | 1,000 | 1,000 | ||||
| Buckles Solicitors | 6,165 | 6,165 | 1,000 | |||
| City Discovery Centre | 21 | |||||
| Oroovygecko. corn | 500 | 500 | ||||
| John Lewis | 1,000 | |||||
| Mark Benevolent Fund | 200 | |||||
| W Stephen | 50 | |||||
| Other | 23 | 23 | ||||
| Grants receivable | ||||||
| Milton Keyens Council —Friday | 3,000 | 3,000 | ||||
| Show | ||||||
| Milton Keyens Council —MK | 3,000 | 3,000 | ||||
| College Trainee project | ||||||
| Milton Keynes Council —Business | 10,000 | |||||
| Development | ||||||
| MKCF —Friday Shaw | 5,000 | 5,000 | ||||
| Children in Need |
9,965 | 9,965 | 9,995 | |||
| Youth Fund UK | 12,000 | 12,000 | ||||
| National Lottery —Summer |
11,100 | |||||
| Challenge | ||||||
| MKCF —Anglian Water | Fund | 5,000 | ||||
| Arts Council England | 4,050 | |||||
| CAF Bank | 2,000 | |||||
| MKCF —Cnvid-19 Emergency | grant | 2,990 | ||||
| 13,688 | 26,965 | 40,653 | 47,406 | |||
| 4. | OTHER TRADING ACTIVITIES | |||||
| Unrestricted | Restricted | Total Funds | Total Funds | |||
| Funds | Funds | 2022 | 2021 | |||
| Donations | ||||||
| Earned income | 1054 | |||||
| 5. | INVESTMENT INCOME | |||||
| Uarestricted | Total Funds | Total Funds | ||||
| Fuads | 2022 | 2021 | ||||
| g | 5 | |||||
| Bank interest receivable |
| Y | EAR ENDED 3 | 1MARCH 20 | |||
|---|---|---|---|---|---|
| EXPENDITURE ON RAISING FUNDS | |||||
| Unrestricted | Restricted | Total Funds | Total Funds | ||
| Funds | Funds | 2022 | 2021 | ||
| f | f | ||||
| Support costs —Administrative | 3,793 | 3,793 | 8,225 | ||
| 7. | EXPENDITURE ON CHARITABLE | ACTMTIES | |||
| Unrestricted | Restricted | Total Funds | Total Funds | ||
| Funds | Funds | 2022 | 2021 | ||
| f | f | f | |||
| Groovy Gecko | 281 | 281 | 216 | ||
| City Discovery Centre | 733 | ||||
| Sun Carers | 370 | ||||
| MKCF Anglian Water |
4,283 | 4,283 | |||
| Friday Show | 1,865 | Ii865 | |||
| Cook and Book Club | 717 | ||||
| Summer Challenge | 2,568 | 2,568 | 8,531 | ||
| Bradwell Abbey Gardens | 71 | ||||
| Youth Fund UK | 6,122 | 6,122 | |||
| Arts Council England | 4,050 | ||||
| MK College Traineeship | 2,960 | 2,960 | |||
| Childrens Gardens |
6,330 | 6,330 | 10,709 | ||
| Covid-19 | 4,890 | ||||
| Support costs | 7,300 | 7/00 | 13,722 | ||
| 10,541 | 21,168 | 31,709 | 44,009 | ||
| COSTS OF CHARITABLE ACTIVITIES | BYACTIVITY TYPE | Support costs |
Total Funds 2022 |
Total Funds 2021 |
|
| Project costs | |||||
| f | f | ||||
| Groovy Gecko | 281 | 2$1 | 216 | ||
| City Discovery Centre | 733 | ||||
| Sun Carers | 370 | ||||
| MKCF Anglian Water |
4,283 | 4,283 | |||
| Friday Show | 1,865 | 1,865 | |||
| Cook and Book Club | 717 | ||||
| Summer Challenge | 2,568 | 2,568 | 8,531 | ||
| Bradwell Abbey Gardens | 71 | ||||
| Youth Fund UK | 6,122 | 6,122 | |||
| Arts Council England | 4,050 | ||||
| MK College Traineeship | 2,960 | 2,960 | |||
| Childrens Gardens |
6,330 | 6,330 | 10,709 | ||
| Covid-19 | 4,890 | ||||
| Salary related expenditure | 2,14$ | 2,148 | 2,086 | ||
| Administrative costs |
1,524 | 1,524 | 8,137 | ||
| Premises and office costs | 2,903 | 2 tt03 | 2,872 | ||
| Governance costs |
725 | 725 | 627 | ||
| 24,409 | 7,300 | 31,709 | 44,009 |
| Unrestricted | Total Funds | Total Funds | |||
|---|---|---|---|---|---|
| Funds | 2022 | 2021 | |||
| Depreciation | 8 11 |
2I I | |||
| 11 | 211 | ||||
| 9. | NET INCOME | / (EXPENDITURE) FOR THE YEAR | |||
| This isstated | after charging: | ||||
| 2022 | 2021 | ||||
| Staffpension contributions Depreciation Independent Exsminer's fees |
8 2,148 11 725 |
2,086 2I I 690 |
| Total staff cos | ts were as follows: | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Other pension | costs | 8 2,148 |
2,086 | ||
| 2,148 | 2,086 | ||||
| Particulars of |
employees: | ||||
| The average number of employees equivalents, was as follows: |
during the year, calculated | on the basis of full-time | |||
| 2022 | 2021 | ||||
| Management | and administrative | staff | No | No |
| COST | |
|---|---|
| At 1 April 2021 |
1,799 |
| Additions | |
| At 31March 2022 | 1,799 |
| DEPRECIATION | |
| At 1 April 2021 | 1,788 |
| Charge for the year | ll |
| At 31March 2022 | 1,799 |
| NKT BOOK VALUE | |
| At 31March 2022 | |
| At 31March 2021 |
| 2022 | 2021 | ||
|---|---|---|---|
| Trade | creditors | 292 | |
| Other | creditors | 1,615 | 990 |
| 1,907 | 990 |
| 14. RESTRICTED FUNDS |
14. RESTRICTED FUNDS |
Balance at 1 Apr 2021 |
Incoming resources |
Outgoing resources |
Transfers | Balance at 31 Mar 2022 |
|---|---|---|---|---|---|---|
| Summer Challenge Bradwell Abbey |
1,000 250 |
(2,568) | 1,568 | 250 | ||
| Gardens | ||||||
| MKCF Anglian | Water | (4,283) | 4,283 | |||
| Friday Show | 5,000 | (1,865) | 3,135 | |||
| Youth Fund UK | 12,000 | (6,122) | (4,878) | 1,000 | ||
| Cook and Book | Club | 3,750 | (3,750) | |||
| Childrens Gardens |
2,000 | 9,965 | (6,330) | 424 | 6,059 | |
| 7,000 | 26,965 | (21,168) | (2353) | 10,444 |
| ANALYSIS O | FNET ASSETS BETWEEN FUND | S | ||
|---|---|---|---|---|
| Tangible | Net current | |||
| fixed assets | assets | Total | ||
| Restricted Income Funds: | ||||
| Restricted | funds | 10,444 | 10,444 | |
| Unrestricted General funds |
Income Funds: | 2,690 | 2,690 | |
| Total Funds | 13,134 | 13,134 |