COMPANY REGISTRATION NUMBER 01227130 INTER-ACTION (MILTON KEYNES) LIMITED COMPANY LIMITED BY GUARANTEE UNAUDITED FIEIANCIAL STATEMENTS 31 MARCH 2025 Charity Number 2704.58 Charity Cofftmission 2 2 JUL 2025 Received
INTER-ACTION (MILTON KEYNES) LIMJTED COMPANY LIMITED BY CUARANTEE FINANCIAL ST ATEMENTS YEAR ENDED 31 MARCH 2025 CONTEf4TS PAGE Trustees. Annual Report Independent examiner's report to the members Siatement of financial a¢tivities (incorporating the income and expenditure account) 10 Bance sheet li Notes to the financial statements 12
INTER-ACTION {MILTON KEYNES) LIMITED COMPANY LlllQtTED BY GUARANTEE TRUSTEES, ANNUAL REPORT YEAR ENDED 31 MARCH 2025 About Inter-Action MK Inter-Action• About Projects Impact Volur¥t88r Wport t4.4 Fundraise You ton lithi) U4 IuDdroiJO in ol woys Inciucling running u Chrln90 ovo7t. l)ovin£J cdlocikgn boxcs in yout'liorkploc9. corporate fundroising vio your compony Of busii)LSSS Of QVLn ccoiiiing CJ ro9Jloi' dtinof TlirJucJli po.DtittIllt orc. oncbos4. [6?i-_Acti( Gota 9root idoa? Lot us know Sereeii slivifrom iiew websile ivwiv.liileruclion.orry uk Inter-Action MK (www.inleractionmk.org.uk) is an arts charity that has beeii improving the life chan¢es and clioices of people who facc challenges across Milton Keynes since 1975. Almost as old as the City its¢lf, we work across communities includiiig schools woi'k and open events, and we also create amaiiiig projects with amazing people includiiig Groovy Gecko, our ni&Flitclub for learning disabled adults. creating ew commuiiity garden spaces with partners City Discoiiery Centre which offer opportunities for volunteering and events for a range of people who face challeiige alongside local communities, work with Youiig Carers, childreii's ¢entres, ld programm¢s for adults with additional needs. We work with tlllsted partners and have the support of our sector. Our focus through 202412025 has involved.. Settiiig up medium terrn proj2Kts Creating a new website www.interactioiinik.or Succession Planning Concentrating on children. young people, families and adulis with additioiial needs Diversifying our funding Strengthening partnerships (City Discovery Ceiitre, Camphill Community. Carers MK)
¥TER-ACTION {f*llLTON KEYNES) LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT {1¥11n£j YEAR ENDED31 MARCH 2025 TlTre trustees. who are also directors for the purposes of eornpaiiy law, present their report and the financial Statements of the company for tlie year elided 3 1 Mar¢h 2025. REFERENCE AND ADMINISTRATIVE DETAILS Registered ch2rity name Inter-Action (Milton Keynes) Limited Charity registration number 270458 Company registration number 01227130 Prineipal Olee Milton Keynes Dis¢overy Centre Bradwell Abbey Alston Drive Milton Keynes MKI 3 9AP DirectDr Diana Harton The trustees The rrustees who served the company during the period were as follows- S Howard {Cliairman) M J Barry (Treasurer) Debola Duze {Secretary} Thomas Gray Tariq Raja Independent ExamiEJer Harris & Co 2 Pavilion Court 600 Pavilion Drive Northampton NN4 7SL Baiikers CAF Bank, Kent
INTER-ACTION {MILTON KEYNES) LIMtTED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (coiiÉiKued) YEAR ENDED31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Tlie trustees who are also directors of the charity for the purposes of the Companies Act 2006 preseni their report together with the financial statements for the year ended 31 st March 2025. Tlie trustees have adopted the provisions of the Cliaritie5 Statement of Recommended Practice (SORP) 'FRS 102. issued in 2014. Governing document Inter-Action (Milton Keynes) Limited is a company limited by guarantee. incorporated ovj 19 September 1975, and a registered charity. It is governed by Ats M¢morandum and Articles of Associatson. The guarantee of each meimber is limited to £10. ORIECTIVES AND AcfJviTIES We have reterred to tlie guidance contained in the Charity Commission's geiieral guidance on public benefit wFLen reviewing our aims aiid objectives aiid in planning our future actLVitie5. The primary objective is the provision of Community Arts and Arts Development. Trii$te¢s A full list of the trustees who served during the period is shown withiji the legal and admiiiistrative information. Trustee reeruittnent and organis&tion TLUSt¢e5 are recruited through advertising lo¢ally and attracting interested indiv&duals who are assessed against skill requiremeJTrts iieeded by tl)e board. Remuneration Inter-Action MK currently has no directly ¢mployed staff. Therefore, no employee earned in excess of £60,000 during the period and the total remuneration paid to key Inanagement personnel during the year was £nil (2024.. £nil).
INTER-ACTION {MILTON KEYNES) LIMJTED COMPANY LIMITED BY CUARANTEE TRUSTEES. ANNUAL REPORT {eoHllniiedJ YEAR ENDED 31 MARCH 2025 Risk The Board of Triistees carry out regular Risk Assessments tlirough monitoring Management Accounts aiid regularly review operational policies including the Busine55 Plan. Health and Safety Policy. Equal Opportunitie5 Policy. Education Policy. Artistic Policy. Safeguarding policy, and DiscÉplinary Procedures. The 4-year business plan ideniifies the following key risks for the organisation along WRth the mitigating actions to be undertaken- Risk Mitigating Action Loss of earned income. Need to gain Core liicome We are working to increase our potential for earned income with a new digital project pilot which will offer medium term opportunities for earned income We have diversified our fundraising to include small 'a5ks' to sinall Triists for general costs. We will be refreshing our4 year plan in 2025126 to include building social impact into bid5 and target5 for medÉuiii to long term funding (2-3 year funding) to include an uplift in core funding. We build a percentage towards core funding into each funding bid. We have fewer targeted strands of work. witli an accompanysng fundraising schedule which targets particular trusts and foundations. Failure to achieve financial stability. The Board will keep a fjrm hold on finance5 and fundiTJg by continuing with bimonthly meetings. We have to re¢tsgDise that the charitable sector is more precarious than ever. Over ihe last 12 months charitable grant givers have r¢ported a 70&/0 increase in bids for funding. We continue to work alongside an independent financial partner who regularly conducts an overview of actual expenditure and income against projections. and this AS fed back to lh¢ trustees, so that potential issues can be seen early and any consequeiit actions can be taken.
INTER-ACTION (MtLTON KEYNES) LIMJTED COMPANY LIMITED BY CUARANTEE TRUSTEES. ANTrIUAL REPORT YEAR ENDED 31 MARCH 2025 Risk Mitigating Action Board Development In order to be credible to funders and parinei's and to be able to provide the Interim Director and incoming team with sufficieiit support. resource and challenge, the Board continue5 to support the organisation through scrutiny of annual polies and through working groups on particular areas for exainple successioii planning for key staff members. One of our longest serving Board Members, who also carries out the role of Treasurer will be retiring at the AGM in 2025. Succession planning has begun to recruit a new member and to ensure thai the role and duties of secretary are safeguarded and understood. Competltion Our work over the last 5 years has consolidated Inter-Action MK as a leader and strong partner wiihin our sector locally. The work proposed requires specialisi skills and clear Commitment to deliver to a high standard that are not necessarily held by th¢ most likely competitors. Other artists and OTganisations developing programmes with shared objectives can help to build visibility. audiences and demand for such work. Collaboration is eiicourag¢d. Inter-Action hav¢ a rolling 4-year plan which will include actions towards the objective of becoming the 'GoTo' organisation witliin our sector.
INTER-ACTION (MILTON KEYNES) LIMITED ColANy LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (¢ondiiiied) YEAR ENDED 31 MARCH 2025 ACHIEVEMENTS AND PERFORMANCE zi Work In chrldren'5 centres Tlie contribution made by Inter-Action (Milton Keynes) Limited to the comrnunity is recognised by support froin the MK Community Foundation, the National Lottery Community Fund, the Police Community Fund, charitable giving tF)¢luding trusts administered by Buckles Solicitors and trusts and foundations. The progriimme for 202415 included.. StoryBox: Following the su¢¢ess of the Little Aeorns project we are developing a medium-tetin pi'oject in conjun¢lion witli local Children's Centres and our hosts al City Discovery Centre. The project focuses on working with faiiiilies witli pre-school children to str¢ngthcn rclationsliips and leari)ing' together througl) creativity, outdoor learning and oracy skills. Groory Gecko: Our long-running nightclub with and for adults with additional needs is now well established in partnership with Popworld MK. We now have regular theine nights and occasional guests. The pi'ograinme pays for itself and also conlributes to our core funding. Website Development 2nd Suecession Planning: We have been working with professionals to build a iicw wcbsitc, iinprove our social media presence and reacli and attract new funders. Th¢ Board has also been working alongside tlie Director and Officer Manager on succession planning and options for tlie organisation in to the future.
INTER-ACTION (MILTON KEYNES) LIMITF.D COMPANY LIMITED BY GUARANTEE TRUSTEES, ANMJAL REPORT (Lvntiniied) YEAR ENDED 31 MARCH 2025 Financial Review The deficit on the ordinary activities of the company during the year amounted to £944 (2024: d¢fJcit of £5.023). The principal funder5 Ot the organisation during the year were donations from Buckles Solicitors and The Archer Trust along with income from Groovy Ge¢ko, our long running niglitclub with and for adults with additional needs in partnership with Popworld MK. Total funds held by Inter-Accion MK as at 31 March 2025 were £17.200 (2024: £18,144). consisting of unrestricted funds of £4,200 {2024-. £154) and restricted funds of £13,000 (2024.. £17,990). The trustees are confident that Inter-Actioii MK 15 able to Continue to meet its liabilities as they fall due lor the foreseeable future and that the accounts should be prepared on a going concern basis. Reserves Poliey Tlie trustees aim to keep enough in uiirestri¢ted r¢5erves to ensure sufficient resources are available to cover all notice and redundancy costs and future lease commitments in the event that they are required. In addition. the trustees aini to have sufficient unrestricted funds available to cover on-going projects should funding fail. Funding Inter-Action MK approaches fundraising as a team activiry with the Director leading. and a range of approaches are taken to raise funds from th¢ Arts Sector. Community Sector. Corporate Sector and Trusts. Inter-Action MK does not use the services of professional fuiidraisers or COEninei'cial paiticipators to assist with its fund development. No complaints have been received regai'ding its fund development activities. Plans lor Future Period5 We plaii to work oli projects over 3-5 years and to achieve medium lerm funding to carry this out. During 2025126 we plan to develop a new 4-year plan for the organisation. In addition. Inter-Action MK will be trialing a new co-Director model as part of succession Planning Projects include- Pilot of a youth theatre project Fundraising drive to include social imapct Groovy Gecko refresh
INTER-ACTION (MILTON KEYNES) LIMITED COMPANY LIMITED BY GUARAF4TEE TRUSTELS, ANNUAL REPORT (comthtsed) YEAR EM)ED 31 MARCH 2025 PUBLJC BE]YKFIT We a¢hi¢ve publi¢ b¢Defit by the delivery of the above services: helping to provide Community Arts and Arts DevelopmenL TRUSTEEY RESPONSIBILITIES sfATEMENr The trusiees (who are a]so th¢ directors of Inter-A¢tion {Milion Keynes) Litnited for the PUTpo$e$ of company law) are responsible for preparing thc Tntstees Annual Report and the finan¢ial Stateents in 8ccordaTLCC with applicable law and r¢gulations. Company law requires th¢ te¢S to prepare financial statements for each finan¢tal year. Under that law the trustees have elected to prepare Lhe rtnancial stateThents in accordancc with United Kin8doll] Generally Accepted Accounting Practice {UnÈted Kingdom Accounting Standards and applicable law). Under company law the trustees must not approve the financial statements unless they are s8tisfied that they give a trn¢ and fair view of the statc of affairs of the charitable company and of the incoming r¢sour¢es and application of resouw¢s. in¢luding the illCOTne atid expenditure. of the charitable co¥npany for that period. In preparing these financiaI statements, the twstees are required to". select suitabl# accounting policxes and then apply them eonsistently. observe the method5 arEd principles in the Charities SORP 2019 (FRS102).' m8ke judgements and aCCOLmting estimates that are reasonable and prudent. state wh¢ther appli¢able UK Accounting Standards have been followed, subjeci to any material departures disclosed and explained in the financial statements" and prepare the fjnancial statements on the going concem basis unless it is inappropriate to presume that the charitsble ¢ompany will wntinue in operation. The trustee5 are responsil>l¢ for keeping adequate accounting records that are 5uffici¢nt to Show and explainthe company's tran5actiOTJS and dis¢losc with reasonable accuracy at any tim¢the financial p05ltion of thc charitable company and enable them to ensure that the firwAcial ststcments comply with the Compgnies Act 2006. They arc also T¢sponsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustee5 are aware: there is no r¢levant infonnation of which thc charitable eoTnpany's independent examiner is unaware: aTLd the trustee5 have taken all steps that they ou8ht to have taken to makt themselves aware of any r¢levant information ond to establish that the indepe1ent examiner is aware of that inforniation. The charitable company's tru5*es consxder that an audit is not required forlhis year(under section 144(2) of the Act) and that an independent examinatlon is required. SMALL COMPANY PROVISIONS This report has been prepared in Accordance with the provlsions applicable kn companies entided to the small companies exemption. Signed on behalf of the tNstees Chairm Z7 2025
IprrER-ACTION (MILTON KEYNES) LIMITED COMPANY LIMITED BY GUARANTEE DEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF INTER-ACTION (MILTON KEYNES) LIMITED YEAR ENDED 31 MARCH 2025 I report to the charily Iruslees on my examination of the accounts of Ihe chorily for the year ended 31 March 2025 which ore sel out on pages len lo eighleen. Responslbllilie5 and ba$ls ol report As the charity's trvslees you are responsible for the preparation ol the accovnls in accordance with the requirements ol Ihe Chorities Act 2011 I'lhe Acl'l- I report in respect ol rny exarninalion of the charily's occounls carried oul under section 145 of the Act and in carrying out my examinalior) I have followed oll the applicoble Directions given by the Charity Commissior) under section 14515llbl ol the Act. Independent examlner'5 51atement I confirm that l am quolilied lo undertake the examination because l am a member of The Institute of Chortered Accounlanls in Englond and Wales. which is one ol the listed bodies. I hove completed my examination. I conlirrn Ihol no molerial mallers hove come lo my allention in connection with the exominolion giving me cause lo believe Ihal in any material respect.. accounling records were nol kept in respect ol the charity as required by section 120 01 the Acl-, or the occounls do nol occord with those record5,' or the accounts do not comply with the applicoble requirement5 conceming the form and conlenl ol accounts sel out in the Charities IAccounls ond Reportsl Regulolions 2008 other thon any requirement Ihal the occour)ts give a 'true ond lair view, which is not o moller considered os port ol an independent examination. I have no concern5 ond have come across no other matters in connection with the exomination lo which ollenlion should be drawn in this report in order to enoble a proper understanding ol the occoun15 to be reached. Sarah Buswell Horris and Co Chortered Accountan15 2 Povilion Court 6CM) Pavilion Drive Norlhamplon NN4 7SL Dale.. 2025
INTER-ACTIOP4 (MILTON KEYNES) LIltTED COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATINC THE INCOME AND EXPENDITURE ACCOUNT) YEAR EfiDED 31 MARCH 2025 Unrestricted Fund5 Rtstricted Funds Total Fund5 2025 Total Funds 2024 Note Nots2 Income and ¢ndowment5 from: Donations and legacies Other tradiiig activities Investment income 10,500 10,865 40 10,500 10,865 40 22,973 9,489 34 Total income and ekdowment$ 21,405 21.405 32,496 Expenditure on: Raisin&i fund5 activities Charitable activities (3,700) (16,124) (3.700) (18,649) {5,365} (32,154) (2,525) TotAI expendlture (19,824) (2,S25) (22,349) (37,519) Net incomelltxptttdltllrel Transfer between funds 1,581 2,465 (2,S25) (2,465) (944) (5.023) Net movement In ttd$ 4,046 (4,990) (944) 15,023) Rttontili3tioD f f&nd Total funds brought forward at l April Total lunds carried forward at 31 March J54 17,990 1¥,144 23,167 4.200 13,000 17,200 18,144 The Statement of Financial Activities includes all gains and losses in the year and therefore a statemei)t of total recognised gains and losses has not been prepared. All of the above amounts relate to continuing activities. The notes on pages 12 to 18 ftsrm pgrt of these finaneial statements.
INTER-ACTION IMILTON KEYNES} LIMITED COMPANY LIMITED BY GUARANTEE BALANCE SIIEET 31 MARCH 2025 2024 2025 Not• CURREM ASSETS Cash at bank and hand 18,189 18.921 CREDITORS: AmollD¢s fydlllng due withiD one year {989) (777) I¥ET CURRENT ASSETS 17.200 18.144 TOTAL ASSKTS LESS CURREf4T LIABILITIES 17,200 17300 18,144 18,144 NET ASSLTS FUNDS Restricted income funds Unresthcted income thnds 12 13 13,000 4,2110 17.990 154 TOTAL FUNDS 17,2110 18.144 For tb¢ year ended 31 Marth 2025 the charity was entitled to exemption from audit Lthder sertion 477 of the Companies Act 2006 relating to small companies. No Jnemb¢r of the company h45 deposited a notice, pursuant to section 476. reqUIng an audit of these fjnallcial statements. The trustees a¢knowledge th¢ir responsibilities for ensuring that the charity keeps accounting recor(ts which ¢ompty with section 386 of th¢ Act and for preparing f]nancial statsm¢nts which give 2 true and fair view of the state of affaws of the eompany as at the end of the financial year and of its incoming resources and application of resour¢¢s, ?ncludiJ]g Its income and expenditur¢, for the f]nan¢ial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to finan¢iaR statements, so far a5 applicable to the ¢ompany. These financial statements have been prepared io a¢¢ordanre with the provisions appli¢abl¢ to wmpanies subject to the small companies regime. These financial statements were approved by the members of the wmmittee and authorised for issue on the 2025 and are signed on their behalf by.. Chaarman Company Registration Number.. 01227130 The notes on pages 12 to 18 form of these fin4Nclal statement
IFrrER-ACTION (MILTON KEYNES) LIMITED COMPANY LIMITED By GUARAf4TEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Basi5 of accounting The financial statements have been prepared in aecordanee with the Accounting and Reporting by Charities.. Statement of Recomrnended Practice applicable to charities prepariiig tlicir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015) - (charities SORP (FRS 102)). the Financial Reporting Standard applicable in the UK and Republic of Jreland (FRS 102) and the Companies Act 2006. Inter-Action (Mi Iton Keynes) meets the definitioii of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at histori¢al cost or iransa¢tioD value unless otherwise stated in the relevant accounting policy not¢(5)- Going coneern The trustees are Confident that Inter-Action MK is able to continue to meet its liabilities as they fall due for at least. but not limited to. 12 months from the date the accounts are approved. Cash now statement The trustees have taken advantage of tli¢ exemption in SORP Bulletin I, published in February 2016, which ex¢mpts small eharities from pr¢paring a cash flow statement. Fund accounting General funds are unrestricted funds which are available for use at the discreiion of the trustees in the furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are used in accordance with specif5c restrictions imposed by donors or which have been raised by the charity for particular piirposes. The cost of raising and administering such funds ÉLre charged againsi the specific fiind. The aim and use of each restricted fund is set out in the notes to the financial statement5. Kxpenditure All expenditure is accounted for on an a¢crnals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributable to particular headings they have been allocated on a basis consistent witli use of resources. Support costs are those costs incurred directly in support of expenditure on the objects ofthe charity and include project management carried out on the premises. Pension costs The company operates a defined COntbutIOn pension scheme ftsr employees. The assets of the 5cherne are held separat¢ly from thos¢ of thc company. The annual contribuuons payable are charged to the statement of financial activities. Income All incoming resources are included in the Statement of Financial Activities ISOFAI when the charity is l¢gally entitled to the income and the amount can be quantified with reasonable accuracy. -12-
INTER-ACTION (MILTON KEYNES) LIMITED COIWIPANY LIMITED B Y GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (¢o4rfN&ed) YEAR ENDED 31 MARCH 202$ STATEMENT OF FINANCIAL ACTIVITIES (INCORPORA TING THE INCOME AND EXPENDITURE ACCOUIYT) Unrestricted Fund5 Restricted Funds Totsl Funds 2024 Note Income and endowments from". Donations and legacies Other trading acrivities Investment income 4,873 9,489 34 18.100 22,973 9,489 34 Total income and endowmtnt5 14,396 18,100 32,496 Expenditure Dn: Raising funds activiues Charitable activities (5,365) (18,095) (5.365} {32,154} (14,059) Total expenditur¢ {23,460) (14,059} (37,519) Ntt incotnelltxptnditurtl Transfer between funds (9,064) 3,751 4,041 (3,75l) (5.023) Net movement im funds (SJ13) 290 (5,023) Re¢oD¢iliatifyTr of fllnd5: Total funds brought forward at l April S,467 17,700 23,167 Total fuThd5 Carried fonvard at 31 March 154 17,990 18,144 The Statement of Financial Activities iiicludes dl g&ns and losses in the yeaT and therefore a statemeiit of total recognised gai11s and10s5e5 has not been prepared. All of the above ainoutLt5 relate to continuing activities. -13-
INTER-ACTIOIY (MILTON KEYNES) LIMJTED COMPANY LIMtTED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CUWI*l) YEAR ENDED 31 MARCH 2025 3. Dof4ATIOPIS AND LEGACIES Uvreslricted Funds R¢slrieted Total FuRds Total Funds Futtds 2025 2024 DonAtions Asdalbert Hunt Buckles Solicitors The Arcber Trust Oth¢r Crants receivable Milton Keyens Council- Web Design MKCF- Story Box project National Lottery Community FuJtd- StoryBox project 400 8,000 2.500 8,000 2,500 473 4,000 8.250 9,850 10,500 10.500 22,973 OTHER TRADING ACTIVITIES Unreslrieted Funds Reslrlet¢d Total Funds Total Funds Funds 2025 2024 Donations Earned incom¢ 4119 INVESTMENT INCOME Unrestricted Total Funds Total Funds Funds 2025 2024 Bank inter¢sl receivable 40 40 34 -14-
INTER-ACTION (MILTON KEYNES) LIMITED COMPANY LILTED BY GUARA TrrrEE NOTES TO THE FINANCIAL STATEMENTS (con¢lniied) YEAR ENDED 3] MARCH 2025 EXPENDITURE ON RAISING FUNDS Unrestricted Funds R¢$lrÉcted Total FundtrTr Total Funds Funds 202? 2024 SupporE COSts- Administrdtive 3,700 3,700 5,365 EXPENDITURE ON CHARITABLE ACTIVITIES Unrestricted Restrieted Tot41 Funds Total Fund5 Funds Funds 2025 2024 Groovy Gecko MKC Web Design Friday Show Young Carers Little Acorns Zerena StoryBox Other Support costs 3,478 3,400 3,478 3,400 4,363 2,257 2,598 2,623 6,063 1,665 1,110 (i131 11,788 2,525 2,525 9246 9,246 16,124 2,525 1&649 32,154 COSTS OF CHARrrABLE ACTIVITIKS BY ACTIVITY TYPE Sup ort Total Funds Total Funds 2025 2024 cos Project costs Groovy Ge¢ko MKC Web Design Friday Shoiv Young Caiers Littl¢ Acorns Zerena StoryBox Other Salary related expendittjre Adininistrative costs Prcmiscs and office costs Governance cosis 3.478 3,4011 3,478 3,400 4.363 2257 2.598 2,623 6,063 1.665 2,525 2,525 {3131 1,464 7,258 2.501 565 lJ73 4,449 2,765 659 1,373 4.449 2.765 659 9,403 9,246 18,649 32,154 -15-
INTER-ACTION (MILTON KEYNES) LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (eoitllnued) YEAR ENDED 3J MARCH 2025 NET INCOME I (EXPENDITURE) FOR THE YEAR This is stated after charging- 2025 2024 Staff pension ¢ontribution$ Independent Exarniner's fees lJ73 635 1,464 565 FUND TRANSFERS The transfers from the StoryBox and Friday Show projects relate to an allocation of cost5 from the regtFlCted fLind to contribute to the unrestricted costs of the charity. 10. STAFFCOSTS AND EMOLUMENTS Total staff costs were as follow$: 2025 2024 Other pension cost5 1,373 1,464 la73 1,464 Particulars of etttploy¢¢s: The average nuniber of employees during the year, calculated on the basis of full-time equivalent5, was a5 follows.. 20ZS 2024 No Mwi£tgement and administrative staff No trustees received either remuneration or expenses in the year (2024.. £nil). No einployec received remuneration ofmor¢ than £60,000 during the year12024- Nil). -16-
INTER-ACTION (MELTON KEYNES} LIMITED COF¥tPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (contlNued) YEAR ETr4DED31 ThiARCH 202S J I. CREDITORS: Amouttts falling due within one year 2025 2024 Trade creditor% Other Creditors 354 635 212 565 989 777 12. RESTRICTED FUNDS Balanee at l Apr 2024 Ineomlng resources Outgolng resources Balance at Transfers 31 Mar 2025 StoryBox 16,990 (2,525) (1,465) 13,000 Friday Shoiy 1,000 {I,000) 17,990 (2,525) (2,465) 13,000 StoryBox. Following the success of the Little Acorns project we are developing a medium-terrn projecÈ in conjunction with local Children's Centres and our hosts at City Discovery C¢ntr¢. The pr(iject foruses on rorking witli families with pre.school children io strengthen relationships and learning togeth¢r through creativity. outdoor levThiiig and ordcy skill5. Friday Show. We secured funding from Care Tech Foundation and small amounts from Community Foundation io set up a pilot for a digi(al TV show with and for adults with additional support needs. -17-
INTER-ACTION {MILTON KEYNES) LIMITED COMPANY LIMITED B Y GUARAf4TEE NOTES TO THE FINANCIAL STATEMENTS (coniiniied) YEAR ENDED 31 MARCH 2025 13. UNRESTRICTED FUINDS Balance at l Apr2024 Ineoniing resources Outgoing resources Balance at Transfers 31 Mar 2025 G¢n¢ral Fund5 154 21,405 (19,824) 2,465 4,200 154 21.405 (19,824) 2,465 4,200 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS Net current assets Total Restricted Income Funds: Restricted funds Unrestricted Income Funds: General fund5 13,1)00 13,000 4,200 4,21)0 Total Funds J7,200 17,200 15. COIIIPANY LIMITED BY GUARANTEE The liability of each memberis lllnited. Tlie extent of the guaraiitee is limited to £10. for each and every current member and other such persons who may have been member5 Wlthin the past twelve months. 16. CofINGE14clEs A liability would arise in the event of a withdrawal of the charity from the pension scheme operated by The Pension Trust. The contingent liability at 30 September 2023 amounted to £5,357. -J8-
INTER-ACTION (MILTON KEYNES) LIMITED COI¥IPANY LIMITED BY GUARANTEE NOTES TO THE FJNAf4CIAL STATEMENTS (contliftiie&J YEAR ENDED 31 MARCH 2025 -19-