2021-03-31-accounts - Milton Keynes Christian Foundation Limited

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Company	Number:		01967962
Charity Registration		Number:	293546
Trustees:			Mr J G Ghaleb
			Mr D H Head
			Rev P Sharrocks
			Rev Dr M Cotes —Stepped	dovm as chair 25.11.20
			Rev J M Mills —Chairperson	from	25.11.20
			Ms C H Brew
			Mrs J Cooper-Bennett
			Rev J Robertson
			Mr P Galsworthy —On a sabbatical		during 2020/21
			Mrs Svetla Stallwood
			Ms Paulette Tedd - Appointed 22.6.20
Secretary:			IVlrJ G Ghaleb
Director:			Mr SJ Nomsh
Registered	Office:		Foundation House
			The Square
			Aylesbury Street
			Wolverton
			Milton Keynes
			MK12 5HX
Website:			www. mkchristianfoundation.	co.uk
Auditors:			Mercer 8 Hole
			Silbury Court
			420 Silbury Boulevard
			Central Milton Keynes
			MK9 2AF
Bankers:			Lloyds Bank
			Milton Keynes
			MK12 5DG

			Unrestricted Funds f	Restricted Funds	Total 2021 E	Total 2020 f
Income from:
Donations and legacies Grants received		3 4	8,264 89,084	38,481	8,264 'I27,565	45,764 27,272
Income from charitable
activities
Training and housing
services Environment and			388,563	7,408	395,971	469,805
development Miscellaneous income			156,109 3,695		156,109 3,695	170,051 4,272
Investment income			125		125	217
Total			645,840	45,889	691 729	717381
Expenditure on:
Charitible activities Governance costs Total Expenditure			631,082 8,107 639,189	46,375 46,375	677,457 8 107 685,564	764,737 8209 772,946
Net income/(expenditure)
and net movement	in
funds for the year			6,651	(486)	6,165	(55,565)
Reconciliation offunds
Total funds brought
forward			1,401,994	1,746	1,403,740	1,459,305
Total funds carried
forward			1,408 645	1,260	1,409,905	1,403,740

		2021	2020 As restated
			6
Cash received from / (used) in operating activities		59 514	~49 517
Cash flows from investing	activities
Interest income		125	217
Purchase oftangible fixed assets		(14,571)	(12,059)
Net cash used in investing	activities	14,446	11 842
Cash flows from financing	activities
Repayments offinance lease obligations			(1,713)
Net cash used in financing	activities		~1,713
(Decrease) IIncrease in cash and cash
equivalents in the year		44,568	(61,572)
Cash and cash equivalents	at the
beginning ofthe year		348,279	409,851
Cash and cash equivalents	at the end of
the year		392,847	348,279

3. Donations
	2021f	2020
Sew and Grow Urb Farm Foundation Centre	6,587 70	1,013 12,187 152
Think Food		37
Cycle Project	10	5
Seconded staff Other	1,597	30,000 2,370
	8,264	45,764

4.	Grants R	e	ceived
					2021	2021	2020
					Unrestricted f	Restricted f	Restricted
Lloyds Bank		Foundation				23,427	19,894
Urb	Farm						10
Arts	Council					3,249	2,436
MK	Community		Foundation			5,138	3,652
Architectural Job Retention		Heritage Scheme		Fund	89,084	6,667
Other							1,280
					89,084	38,481	27,272
5.	investment		income
						2021f	2020f
Bank interest		received				125	217

			Training	Development,	Governance	2021	2020
				Projects 8,
				Other
				5
Cost directly	allocated	to
activities
Staff costs			159,219	235,174		394,393	448,857
Materials Iresources			24,105	72,411		96,517	98,822
Recruitment Travel			199 499	1,195		1,394 499	3,075 728
Volunteer expenses							33
Audit and accounts fees					4,400	4,400	4,600
Depreciation				11,164		11,164	13,913
Support costs	allocated	to
activities
Premises			24,558	20,093		44,651	40,368
Management			16,421	22,577	2,053	41,051	30,147
General office 8	finance staff		12,542	13,935	1,394	27,871	30,436
Communications Legal 8, Professional Depreciation			2,502 446 2,710	2,343 445 5,032	260	5,205 891 7,742	11,586 5,884 7,654
Bank charges			255	85		340	1,119
Other			27,195	22,251		49,446	75,724
Total expenditure			270,752	406,705	8,107	685,564	772,946

	2021	2020
Administration	3	2
Training officers and support staff	28	30
	31	32
The aggregated payroll costs ofthese persons were as follows:
	2021	2020
Wages and salaries Social security costs Pension costs	441,053 27,156 8&296	469,687 25,014 9,994
	476,505	504695

10. Tangible fixed as	sets
	Freehold	Improvements	Motor	Furniture	Total
	property	to property	vehicles	and
				equipment
				F
Cost
At 1 April 2020	1,150,000	55,713	33,062	182,560	1,421,335
Additions	6,667			7,904	14,571
Disposals
At 31 March 2021	1,156,667	55,713	33,062	190,464	1,435,906
Depreciation
At 1 April 2020	83,542	55,180	28,213	163,070	330,005
Charge for the year Disposals	7,742	176	1,601	9,387	18,906
At 31 March 2021	91;284	55,356	29,814	172,457	348,911
Net Book Value
At 31 March 2021	1,065,383	357	3,248	18,007	1,086,995
At 31 March 2020	1,066,458	533	4,849	19,490	1,091,330

16. Analysis of move	ment in rest	ricted funds
		Balance		Amounts	Amounts	Balance
		brought		received in	spent in the	carried
		forward		the year 8	year 6	forward
Think Food Shaw Grant			327 81		(108)		219 81
Tipi Pledge Arts Council Grant Lloyds Bank Grant MK Comm. Found. —Preserves		1,145 193		3,249 18,237	(378) (3,249) (18,237)		767 193
Architectural Heritage Lloyds Recovery Grant Common Ground Cafe ESFA Bursary	Fund			6,667 5,190 5,138 7,408	(6,667) (5,190) (5,138) (7,408)
		1	746	45 889	46 375	1	260

	2021			2020
Other		Land and	Other		Land and
		buildings F	f		buildings f

20.Reconcili	ation ofnet move	ment	in funds	to net ca	sh flow from opera	ting activities
						2021	2020
							as
							restated
							6
Net movement	in funds					6,165	(64,694)
Adjustments	for:
Depreciation						18,906	21,567
Deduct interest income classified under investing Deduct gain on disposal of tangible fixed asset						(125)	(217)
Nlovement in	working capital:
Decrease/(increase) in debtors Movement in debtors due to non Increase/(decrease) in creditors		cash	bequest			4,899 29,169	208,299 (200,000) (12,972)
Net cash (used in) / from operating			activities			59,014	(48,017)
21.Analysis	ofchanges in net	funds
			1	April	Cash flows	Non-cash	31 March
			2020 6			changes	2021
Cash at bank	and in hand			348 279	44,568		392847

22. Comparative Funds
			Unrestricted	Restricted	2020
			Funds	Funds	Total
Income from:
Donations and legacies			45,764		45,764
Grants received				27,272	27,272
Income from charitable	activities
Training and housing services			445,414	24,391	469,805
Environment and development			170,051		170,051
Miscellaneous income			4,272		4,272
Investment income			217		217
Total			665,718	51,663	717,381
Expenditure on:
Costs ofraising funds
Expenditure to further the Charity's			712,109	52,628	764,737
objects
Governance costs			8,209		8,209
Total			720,318	52,628	772,946
Net (income) )expenditure movement in funds for the		and net year	(54,600)	(965)	(55,565)
Transfers between funds
Reconciliation offunds
Total funds brought forward			1,456,594	2,711	1,459,305
Total funds carried forward			1,401,994	1,746	1,403,740

Company	Number:		01967962
Charity Registration		Number:	293546
Trustees:			Mr J G Ghaleb
			Mr D H Head
			Rev P Sharrocks
			Rev Dr M Cotes —Stepped	dovm as chair 25.11.20
			Rev J M Mills —Chairperson	from	25.11.20
			Ms C H Brew
			Mrs J Cooper-Bennett
			Rev J Robertson
			Mr P Galsworthy —On a sabbatical		during 2020/21
			Mrs Svetla Stallwood
			Ms Paulette Tedd - Appointed 22.6.20
Secretary:			IVlrJ G Ghaleb
Director:			Mr SJ Nomsh
Registered	Office:		Foundation House
			The Square
			Aylesbury Street
			Wolverton
			Milton Keynes
			MK12 5HX
Website:			www. mkchristianfoundation.	co.uk
Auditors:			Mercer 8 Hole
			Silbury Court
			420 Silbury Boulevard
			Central Milton Keynes
			MK9 2AF
Bankers:			Lloyds Bank
			Milton Keynes
			MK12 5DG