2023-03-31-accounts - Inter-Action (Milton Keynes) Limited

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CONTENTS			PAGE
Trustees' Annual Report
Independent examiner's	report to the members
Statement offinancia	activities
(incorporating the income and expenditure		account)	10
Balance sheet
Notes to the financial statements

Registered charity name	Inter-Action	(Milton Keynes) Limited
Charity registration number.	270458
Company registration number	01227130
Principal office
Milton Keynes Discovery Centre
Bradwell Abbey
Alston Drive
Milton Keynes MK13 9AP

Risk	Mitigating Action
Board Development	In order to be credible to funders and partners and to be able
	to provide the Interim Director and incoming team with
	sufficient support, resource and challenge, the Board has
	expanded in number and skill base through the appointment
	of two new trustees who are able to be fully active and
	engaged. Specific new key skills include a local councilor
	who has lived experience ofcomplex disabilities and a care
	foundation executive with skills in strategic planning for
	charities. This has been achieved in part through new
	recruits.
Competition	Our work over the last 4years has consolidated Inter-Action
	MK as a leader and strong partner within our sector locally.
	The work proposed requires specialist skills and clear
	commitment to deliver to a high standard that are not
	necessarily held by the most likely competitors. Other artists
	and organisations developing programmes with shared
	objectives can help to build visibility, audiences and demand
	for such work. Collaboration will be encouraged at all times.
	Inter-Action have developed a new 4-year plan which will
	include actions towards the objective of becoming the
	'GoTo' organization within our sector by year 4.

		Unrestricted	Restricted	Total Funds	Total Funds
		Funds	Funds	2023	2022
	Note		g	g
					Note 2
income and endowments	from:
Donations snd legacies	3	15,375	31,190	46,565	40,653
Other trading activities	4	8„156		.8,156
Investment income	5	35		35
Total income sud cudovrmcuts		23,566	31,190	54&756	40,653
Expenditure on:
Raising funds activit&es		(3,099)		(3,099)	(3,793)
Charitable activities		(14,484)	(27,140)	(41,624)	(31,709)
Depreciation					(11)
Total expenditure		(17,583)	(27,140)	(44,723)	(35,513)
Nct income/(expenditure)		5,983	4,050	10&033	5,140
Transfer between funds	10	(3,206)	3,206
Net movement in funds		2 777	7,256	10,033	5,140
Reconciliation offunds:
Total funds brought forward
at 1 April		2,690	10,444	13,134	7,994
Total funds carried forward
at 31Msrch		5,467	17,700	23,167	13,134

(INCORPORATING T	HK INC	OME AND EXPEN	DITURE ACCOU	NT)
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2022
	Note
income and endowments	from:
Donations sud legacies	3	13,688	26,965	40,653
Total income sud endowments		13,688	26,965	40,653
Expenditure on:
Raising funds activities		(3,793)		(3,793)
Charitable activities		(10,541)	(21,168)	(31,709)
Depreciation		(11)		(11)
Totsl expenditure		(14,345)	(21,168)	(35,513)
Nct income/(expenditure)		(657)	5,797	5,140
Transfer between funds	10	2,353	(2,353)
Nct movement in funds		1,696	3,444	5,140
Rccoscigstios offunds:
Total funds brought forward
at 1 April 2021		994	7,000	7,994
Totsl funds carried forward
st 31March 2022		2&690	10,444	13,134

	3. DONATIONS	AND LEGACIES	AND LEGACIES
				Unrestricted	Restricted	Total Funds	Total Funds
				Funds	Funds	2023	2022
	Donations
	Albert Hunt						1,000
	Buckles Solicitors			10,000		10,000	6,165
	Children in Need			500		500
	Edward Gostling			2,500		2,500
	Groovygecko. corn						500
	Milton Keynes Council			500		500
	The Archer Trust			1,500		1,500
	Other			375		375	23
	Crants receivable
	Milton Keyens Council —Friday						3,000
	Show
	Milton Keyens Councd —MK						3,000
	College Trainee	project
	Milton Keynes Council —Zerena				5,000	5,000
	project
	MKCF —Friday Show						5,000
	Children in Need				9,965	9,965	9,965
	Youth Fund UK						12,000
	National Lottery	Community	Fund—		7,230	7,230
	Little Acorns project
	CareTech Foundation —Friday Show project				8,995	8,995
				15,375	31,190	46,565	40,653
4.	OTHER TRADING ACTIVITIES
				Unrestricted	Restricted	Total Funds	Total Funds
				Funds	Funds	2023	2022
	Donations
	Earned income			~8156		~8156
5.	INVESTMENT INCOME
					Unrestricted	Total Funds	Total Funds
					Funds	2023	2022
						6
	Bank interest receivable				35	35

					YE	AR ENDED 31	MARCH 20
6.	EXPENDITURE		ON RAISING FUNDS
				Unrestricted	Restricted	Total Funds	Total Funds
				Funds	Funds	2023	2022
					E		E
	Support costs —Administrative			3,099		3099	3 793
7.	EXPENDITURE		ON CHARITABLE ACTIVITIES
				Unrestricted	Restricted	Total Funds	Total Funds
				Funds	Funds	2023	2022
					E
	Groovy Gecko			4,517		4,517	281
	MKCF Anglian		Water				4,283
	Friday Show				7,793	7,793	1,865
	Summer Challenge						2,568
	Childrens Garden				10,129	10,129	6,330
	Youth Fund UK				2,594	2,594	6,122
	Little Acorns				3,479	3,479
	MK College Traineeship			40		40	2,960
	Zerena				3,145	3,145
	Support costs			9,927		9,927	7,300
				14,484	27,140	41,624	31,709
	COSTS OF CHARITABLE ACTIVITIES BYACTIVITY TYPE				Support cos'ts	Total Funds 2023	Total Funds 2022
				Project costs
				E
	Groovy Gecko			4,517		4,517	281
	MKCF Anglian	Water					4,283
	Friday Show			7,793		7,793	1,865
	Summer Challenge						2,568
	Childrens Garden			10,129		10,129	6,330
	Youth Fund UK			2,594		2,594	6,122
	Little Acorns			3,479		3,479
	MK CoBege Traineeship			40		40	2,960
	Zcrena			3,145		3,145
	Salary related expenditure				1,440	1,440	2, 148
	Administrative		costs		4,446	4,446	1,524
	Premises and office costs				3,466	3,466	2,903
	Governance costs				575	575	725
				31,697	9,927	41,624	31,709

e basis o	f full-time
2023	2022
No	No

12. CREDITORS: Amounts	falling	due within one	year
				2023		2022
Trade creditors				332		292
Other creditors				875		1,615
				1,207		1,907
13. RESTRICTED FUNDS
Balance at		Incoming	Outgoing			Balance at
I Apr 2022		resources	resources	Transfers	31 Mar 2023
	E		5
Little Acorns		7,230	(3,479)	(251)		3,500
Bradwell Abbey	250			(250)
Gardens
Friday Show	3,135	8,995	(7,793)	2,063		6,400
Youth Fund UK	1,000		(2,594)	1,594
Zcrena		5,000	(3,145)	(1,855)
Childrens Gardens	6,059	9,965	(10,129)	1,905		7,800
	10,444	31&190	(27,140)	3,206		17,700

		Balance at	Balance at	Incoming	Outgoing		Balance at
		1 Apr	2022	resources	resources	Transfers	31 Mar 2023
						E	E
General Funds			2,690	23,566	(17,583)	(3,206)	5,467
			2,690	23,566	(17,583)	(3,206)	5,467
ANALYSIS OF NET ASSETS BETWEEN				FUNDS
					Tangible	Net current
					fixed assets	assets	Total
Restricted Income		Funds:
Restricted	funds					17,700	17,700
Unrestricted	income Funds:
General funds						5,467	5,467
Total Funds						23,167	23,167