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|CONTENTS|||PAGE|
|---|---|---|---|
|Trustees'
Annual Report||||
|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|
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|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||||||||||
|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.||||||||||
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|||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||||||
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|||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|
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|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||||||
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||||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|
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|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|
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|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||
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|||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|
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|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|
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