#
##
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##
|||||||Page|
|---|---|---|---|---|---|---|
|Reference|and administrative||details ofthe Charity,|its Trustees|and advisers||
|Chairman's|statement|||||2-3|
|Trustees'|report|||||4 - 24|
|Independent
auditors'||report|on the financial statements|||25-28|
|Statement|of financial|activities||||29|
|Balance sheet||||||30|
|Statement|ofcash flows|||||31|
|Notes to the financial||statements||||32 - 53|
##
|REFERENCE AND|REFERENCE AND|REFERENCE AND|ADMINISTRATIVE
DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS|ADMINISTRATIVE
DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS|ADMINISTRATIVE
DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS|ADMINISTRATIVE
DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS|
|---|---|---|---|---|---|---|
||||FOR THE|YEAR|ENDED 31 MARCH 2022||
|Trustees|||Mr J G Ghaleb||||
||||Mr D H Head||||
||||Rev P Sharrocks||||
||||Rev J M Mills, Chair||||
||||Ms C H Brew||||
||||Mrs J Cooper-Bennett||||
||||Rev J Robertson|(resigned||20 December 2021)|
||||Mr P Galsworthy||||
||||Mrs SStallwood|(resigned||21 March 2022)|
||||Ms P Tedd||||
||||Rev Dr M Cotes||||
|Company|registered||||||
|number|||01967962||||
|Charity registered|||||||
|number|||293546||||
|Registered||office|Foundation
House||||
||||The Square||||
||||Aylesbury
Street||||
||||Wolverton||||
||||Milton Keynes||||
||||MK12 5HX||||
|Website|||www. mkchristianfoundation.|||co.uk|
|Company|secretary||Mr J G Ghaleb||||
|Chief executive officer|||Mr SJ Norrish||||
|Independent||auditors|Hillier Hopkins
LLP||||
||||Chartered
Accountants||and Statutory Auditors||
||||249 Silbury Boulevard||||
||||Milton Keynes||||
||||MK9 1NA||||
|Bankers|||Lloyds Bank||||
||||Lloyds Court||||
||||28 Secklow Gate|West|||
||||Milton Keynes||||
||||MK9 3EH||||
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
|||Note|2022
6|2022f|2022
6|2021f|
|Income from:|||||||
|Donations
and legacies|||14,348|32,667|47,015|135,829|
|Charitable
activities|||680,008||680,008|555,775|
|Investments|||38||38|125|
|Total income|||694,394|32,667|727,061|691,729|
|Expenditure
on:|||||||
|Charitable
activities||6|700,811|31,505|732,316|685,564|
|Total expenditure|||700,811|31,505|732,316|685,564|
|Net movement
in funds|||(6,417)|1,162|(5,255)|6,165|
|Reconciliation
offunds:|||||||
|Total funds brought|forward||1,408,645|1,260|1,409,905|1,403,740|
|Net movement
in funds|||(6,417)|1,162|(5,255)|6,165|
|Total funds carried forward|||1,402,228|2,422|1,404,650|1,409,905|
##
##
||||Note||2022f||2021|
|---|---|---|---|---|---|---|---|
|Fixed assets||||||||
|Tangible assets|||12||1,071,012||1,086,995|
|Investments|||13||600||600|
||||||1,071,612||1,087,595|
|Current assets||||||||
|Debtors|||14|40,057||61,993||
|Cash at bank and|in hand|||395,453||392,847||
|||||435,510||454,840||
|Creditors: amounts|falling|due within one||||||
|year|||15|(102,471)||(132,530)||
|Net current assets|||||333,039||322,310|
|Total assets less|current|liabilities|||1,404,651||1,409,905|
|Total net assets|||||1,404,651||1,409,905|
|Charity funds||||||||
|Restricted funds|||16||2,422||1,260|
|Unrestricted
funds|||16||1,402,229||1,408,645|
|Total funds|||||1,404,651||1,409,905|
##
##
|||2022f|2021
5|
|---|---|---|---|
|Cash flows from operating
activities||||
|Net cash used
in operating
activities||2,568|59,014|
|Cash flows from investing
activities||||
|Dividends,
interests
and rents from investments||38|125|
|Purchase oftangible
fixed assets|||(14,571)|
|Net cash provided
by/(used
In) investing|activities|38|(14,446)|
|Cash flows from financing
activities||||
|Net cash provided
by financing
activities||||
|Change
in cash and cash equivalents
in|the year|2,606|44,568|
|Cash and cash equivalents
at the beginning|ofthe year|392,847|348,279|
|Cash and cash equivalents
at the end of|the year|395,453|392,847|
|The notes on pages 32 to 53form part ofthese financial statements||||
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||Unrestricted|Restricted|Total|
|---|---|---|---|
||funds|funds|funds|
||2022|2022|2022|
||E|E|F|
|Donations||||
|Cycle Saviours|6||6|
|Growing
People|3,175||3,175|
|Learning Tree|10||10|
|Urban Bee-lievers|640||640|
|Other|5,087||5,087|
|Grants||||
|Cycle Saviours|1,846||1,846|
|Growing
People|179||179|
|Learning
Tree|2,620||2,620|
|Sew & Grow|785|6,719|7,504|
|Think Food||6,719|6,719|
|Urban Bee-lievers||10,560|10,560|
|Other||8,669|8,669|
||14,348|32,667|47,015|
||Unrestricted|Restricted|Total|
||funds|funds|funds|
||2021|2021f|2021
E|
|Donations||||
|Cycle Saviours|10||10|
|Growing
People|6,587||6,587|
|Urban Bee-lievers|160||160|
|Other|1,507||1,507|
|Grants||||
|Cycle Saviours||3,692|3,692|
|Sew'
Grow||9,471|9,471|
|Urban Bee-lievers||10,191|10,191|
|Other||15,127|15,127|
|Subtotal detailed disclosure|8,264|38,481|46,745|
##
##
##
##
|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021|2021|2021|
|||E||F|
|Government|grants|89,084||89,084|
|||97,348|38,481|135,829|
##
||Unrestricted|Total|
|---|---|---|
||funds|funds|
||2022|2022|
||6|5|
|Childcare
Pathways|51,228|51,228|
|Cycle Saviours|80,251|80,251|
|Growing People|6,560|6,560|
|Learning Tree|3,053|3,053|
|Sew & Grow|5,137|5,137|
|Think Food|8,999|8,999|
|Urban Bee-lievers|9,482|9,482|
|Foundation
House|11,221|11,221|
|Foundation
Learning|492,846|492,846|
|Miscellaneous|11,231|11,231|
||680,008|680,008|
##
##
##
##
||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2021|2021f|
||Childcare
Pathways||52,193|52,193|
||Cycle Saviours||51,799|51,799|
||Growing
People||4,603|4,603|
||Learning Tree||489|489|
||Sew & Grow||2,386|2,386|
||Think Food||409|409|
||Urban Bee-lievers||6,146|6,146|
||Foundation
House||5,646|5,646|
||Foundation
Learning||395,971|395,971|
||Miscellaneous||36,133|36,133|
||||555,775|555,775|
|5.|Investment|income|||
||||Unrestricted|Total|
||||funds|funds|
||||2022|2022|
||||E|E|
||Bank interest|received|38|38|
||||Unrestricted|Tolal|
||||funds|funds|
||||2021|2021|
||Bank interest|received|125|125|
##
##
##
##
||Unrestricted|Restricted||
|---|---|---|---|
||funds|funds|Total|
||2022|2022|2022|
||6|6|6|
|Childcare
Pathways|53,056||53,056|
|Cycle Saviours|103,725||103,725|
|Growing
People|54,340|179|54,519|
|Learning Tree|21,655||21,655|
|Sew 8 Grow|16,785|7,000|23,785|
|Think Food|17,561|6,740|24,301|
|Urban Bee-lievers|15,691|10,560|26,251|
|Foundation
Learning|124,949||124,949|
|Governance|19,700||19,700|
|Miscellaneous|273,349|7,026|280,375|
||700,811|31,505|732,316|
||Unrestricted|Restricted||
||funds|funds|Total|
||2021
8|2021|2021f|
|Childcare
Pathways|48,485||48,485|
|Cycle Saviours|88,378||88,378|
|Growing
People|56,427||56,427|
|Learning Tree|19,250||19,250|
|Sew 8 Grow|27|22,000|22,027|
|Think Food|123|20,000|20,123|
|Urban Bee-lievers|21,934|4,375|26,309|
|Foundation
Learning|124,602||124,602|
|Governance|15,146||15,146|
|Miscellaneous|264,817||264,817|
||639,189|46,375|685,564|
##
##
##
##
||Activities|||
|---|---|---|---|
||undertaken|Support|Total|
||directly|costs|funds|
||2022|2022|2022|
||6|6||
|Childcare
Pathways|53,056||53,056|
|Cycle Saviours|103,725||103,725|
|Growing People|54,519||54,519|
|Learning
Tree|21,655||21,655|
|Sew 8 Grow|23,785||23,785|
|Think Food|24,301||24,301|
|Urban Bee-lievers|26,251||26,251|
|Foundation
Learning|17,633|107,316|124,949|
|Governance||19,700|19,700|
|Miscellaneous||280,374|280,374|
||324,925|407,390|732,316|
||Activities|||
|---|---|---|---|
||undertaken|Support|Totst|
||directiy|costs|funds|
||2021
k'|2021f|2021|
|Childcare
Pathways|48,485||48,485|
|Cycle Saviours|88,378||88,378|
|Growing
People|56,427||56,427|
|Learning Tree|19,250||19,250|
|Sew 8 Grow|22,027||22,027|
|Think Food|20,123||20,123|
|Urban Bee-lievers|26,309||26,309|
|Foundation
Learning|22,022|102,578|124,600|
|Governance||15,146|15,146|
|Miscellaneous||264,819|264,819|
||303,021|382,543|685,564|
##
##
##
##
||Childcare||Growing|Learning||
|---|---|---|---|---|---|
||Pathways|Cycle Saviours|People|Tree Sew &Grow||
||2022
6|2022
6|2022f|2022
F|2022
6|
|Staff costs|48,259|56,256|40,813|19,855|20,682|
|Materials/resources|3,644|28,201|8,558|1,265|3,103|
|Recruitment|1,153|956|229|535||
|Travel||7,867|1,086|||
|Premises||10,445|3,524|||
|Other|||309|||
||53,056|103,725|54,519|21,655|23,785|
|||Urban|Foundation|Total|
|---|---|---|---|---|
||Think Food|Bee-lievers|House|funds|
||2022
6|2022
f|2022
f|2022f|
|Staff costs|16,546|23,991||226,402|
|Materials/resources|7,098|1,340|12,024|65,233|
|Recruitment|424||782|4,079|
|Travel|||4,826|13,779|
|Premises||||13,969|
|Other|233|920||1,462|
||24,301|26,251|17,632|324,924|
##
##
##
##
||Childcare|Cycle|Growing|Learning||
|---|---|---|---|---|---|
||Pathways|Saviours|People|Tree|Sew &Grow|
||2021
6|2021f|2021
6|2021
f|2021
k|
|Staff costs|46,071|53,706|38,963|18,955|19,745|
|Materials/resources|2,115|15,986|10,173|232|2,282|
|Recruitment|299|1,627|117|63||
|Travel||6,105|1,378|||
|Premises||10,954|5,796|||
||48,485|88,378|56,427|19,250|22,027|
||||Urban|Foundation|Total|
|||Think Food|See-tievers|House|funds|
|||2021
6|2021
2|2021f|2021
6|
|Staff costs||15,796|22,904||216,140|
|Materials/resources||4,199|2,186|19,686|56,859|
|Recruitment||||199|2,305|
|Travel||||2,139|9,622|
|Premises|||||16,750|
|Other||128|1,219||1,347|
|||20,123|26,309|22,024|303,023|
##
##
##
##
||Foundation|||Total|
|---|---|---|---|---|
||Learning|Governance|Miscellaneous|funds|
||2022|2022|2022|2022|
||6|F|6|6|
|Staff costs|105,204||163,836|269,040|
|Depreciation|||5,673|5,673|
|Materials/resources|||280|280|
|Recruitment||230|3,624|3,854|
|Travel|||706|706|
|Premises|||37,843|37,843|
|General office &finance staff|||31,832|31,832|
|Communications|||7,579|7,579|
|Legal &professional|2,113|148|6,417|8,678|
|Bank charges|||405|405|
|Other||12,822|22,179|35,001|
|Audit and accounts fees||6,500||6,500|
||107,317|19,700|280,374|407,391|
##
##
##
|||||Foundalion||||Total|
|---|---|---|---|---|---|---|---|---|
|||||Learning|Governance||Miscellaneous|funds|
|||||2021
f||2021|2021f|2021f|
||Staff costs|||100,435|||159,933|260,368|
||Depreciation||||||11,164|11,164|
||Materials/resources||||||689|689|
||Recruitment|||||15|1,604|1,619|
||Travel||||||499|499|
||Premises||||||39,362|39,362|
||General office &finance|staff|||||37,112|37,112|
||Communications||||||5,206|5,206|
||Legal & professional|||2,143||288|25|2,456|
||Bank charges||||||341|341|
||Other|||||10,443|8,884|19,327|
||Audit and accounts fees|||||4,400||4,400|
|||||102,578||15,146|264,819|382,543|
|8.|Auditors'
remuneration||||||||
||||||||2022|2021f|
||Fees payable to the Charity's||auditor|for the audit ofthe Charity's||annual|||
||accounts||||||5,500|4,400|
|9.|Staff costs||||||||
||||||||2022
f|2021
f|
||Wages and salaries||||||460,915|441,053|
||Social security costs||||||25,434|27,157|
||Contribution
to defined|contribution||pension schemes|||9,093|8,296|
||||||||495,442|476,506|
##
##
##
||2022|2021|
|---|---|---|
||No.|No.|
|Administration|10|11|
|Think Food|1|1|
|Childcare
Pathways|3|3|
|Cycle Saviours|3|3|
|Growing
People|2|2|
|Sew &Grow|1|1|
|Urban Bee-(levers|1|1|
|Learning
Tree|1|1|
|Foundation
House|2|2|
|Foundation
Learning|6|6|
||30||
##
##
##
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##
|||||Fixtures||
|---|---|---|---|---|---|
||Freehold|Improvements|Motor|and||
||property|to property|vehicles|equipment|Total|
||E|E|F|E|E|
|Cost or valuation||||||
|At 1 April 2021|1,156,667|55,713|33,062|190,463|1,435,905|
|At 31 March 2022|1,156,667|55,713|33,062|190,463|1,435,905|
|Depreciation||||||
|At 1 April 2021|91,284|55,356|29,814|172,457|348,911|
|Charge for the year|7,699|118|1,084|7,082|15,983|
|At 31 March 2022|98,983|55,474|30,898|179,539|364,894|
|Net book value||||||
|At 31 March 2022|1,057,684|239|2,164|10,924|1,071,011|
|At 31March 2021|1,065,383|357|3,248|18,007|1,086,995|
||Other fixed|
|---|---|
||asset|
||investments|
||E|
|Cost or valuation||
|At 1 April 2021|600|
|At 31 March 2022|600|
|Net book value||
|At 31 March 2022|600|
|At 31March 2021||
##
##
##
|||2022f|2021f|
|---|---|---|---|
|Due within one year||||
|Trade debtors||12,952|25,395|
|Other debtors||812|800|
|Prepayments|and accrued income|26,293|35,798|
|||40,057|61,993|
##
##
||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||||E|8|
|Trade creditors|||||||31,172|12,555|
|Other taxation||and||social security|||9,227|9,669|
|Other creditors|||||||3,220|2,475|
|Accruals|and deferred||||income||58,852|107,831|
||||||||102,471|132,530|
||||||||2022|2021|
||||||||6||
|Deferred|income at|||1 April 2021|||102,591|80,404|
|Resources deferred||||during the year|||5,621|77,887|
|Amounts|released||from previous|||periods|(55,142)|(55,700)|
||||||||53,070|102,591|
##
##
##
##
|Statement|offunds|- current year|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
||||Balance at 1|||31 March|
||||April 2021
6|Income
6|Expenditure
f|2022
6|
|Unrestricted|funds||||||
|Designated|funds||||||
|Designated|fixed assets||1,086,008|||1,086,008|
|Designated|legacy||2,009|||2,009|
||||1,088,017|||1,088,017|
|General funds|||||||
|Unrestricted|free reserves||320,628|694,395|(700,811)|314,212|
|Total Unrestricted||funds|1,408,645|694,395|(700,811)|1,402,229|
|Restricted|funds||||||
|Think Food|||219|6,719|(6,938)||
|Shaw Grant|||81||(49)|32|
|Tipi Pledge|||767|||767|
|MK Comm.|Found.|- Preserves|193||(21)|172|
|Lloyds Recovery Grant||||19,000|(18,870)|130|
|ESFA Bursaiy||||4,421|(4,421)||
|MK Comm.|Found.|||2,527|(1,206)|1 32'I|
||||1,260|32,667|(31,605)|2,422|
|Total offunds|||1,409,905|727,062|(732,316)|1,404,651|
##
##
##
##
##
|Statement|offunds|-|prior year|||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
|||||Balance at|||31 March|
|||||1 April 2020
E|Income
8|Expenditure
8|2021
f|
|Unrestricted|funds|||||||
|Designated|funds|||||||
|Designated|fixed assets|||1,089,858||(3850)|1086008|
|Designated|legacy|||9,129||(7,120)|2,009|
|||||1,098,987||(10,970)|1,088,017|
|General funds||||||||
|Unrestricted|free reserves|||303,007|645,840|(628,219)|320,628|
|Total Unrestricted||funds||1,401,994|645,840|(639,189)|1,408,645|
|Restricted funds||||||||
|Think Food||||327||(108)|219|
|Shaw Grant||||81|||81|
|Tipi Pledge||||1,145||(378)|767|
|MK Comm.|Found.|- Preserves||193|||193|
|Arts Council|Grant||||3,249|(3,249)||
|Lloyds Bank|Grant||||18,237|(18,237)||
|Architectural|Heritage||Fund||6,667|(6,667)||
|Lloyds Recovei 7Grant|||||5,190|(5,190)||
|Common
Ground Cafe|||||5,138|(5,138)||
|ESFA Bursary|||||7,408|(7,408)||
|||||1,746|45,889|(46,375)|1,260|
|Total offunds||||1,403,740|691,729|(685,564)|1,409,905|
##
##
##
|Summary|offunds|- current year|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
||||Balance at 1|||31 March|
||||April 2021f|Income
f|Expenditure
f|2022
f.|
|Designated|funds||1,088,017|||1,088,017|
|General funds|||320,628|694,395|(700,811)|314,212|
|Restricted|funds||1,260|32,667|(31,505)|2,422|
||||1,409,905|727,062|(732,316)|1,404,651|
|Summary|offunds|- prior year|||||
|||||||Balance al|
||||Balance at|||31March|
||||1 April 2020
5|Income|Expendituref|2021f|
|Designated|funds||1,098,987||(10,970)|1,088,017|
|General funds|||303,007|645,840|(628,219)|320,628|
|Restricted|funds||1,746|45,889|(46,375)|1,260|
||||1,403,740|691,729|(685,564)|1,409,905|
##
|Analysis of net assets between
funds - cur|rent year|||
|---|---|---|---|
||Unrestricted|Restricted|Total|
||funds|funds|funds|
||2022f|2022f|2022f|
|Tangible fixed assets|1,071,012||1,071,012|
|Fixed asset investments|600||600|
|Current assets|344,030|91,480|436,510|
|Creditors due within one year|(13,413)|(89,058)|(102,471)|
|Total|1,402,229|2,422|1,404,651|
##
##
##
||Unrestricted|Restricted|Total|
|---|---|---|---|
||funds|gmds|funds|
||2021f|2021|2021f|
|Tangible fixed assets|1,086,008|987|1,086,995|
|Fixed asset investments|600||600|
|Current assets|357,961|96,879|454,840|
|Creditors due within one year|(35,924)|(96,606)|(132,530)|
|Total|1,408,645|1,260|1,409,905|
##
|||||||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||5||
||Net
income/expenditure|||for|the|year|(as|per|Statement|of|Financial|||
||Activities)|||||||||||(5,255)|6,165|
||Adjustments|for:||||||||||||
||Depreciation|charges||||||||||15,983|18,906|
||Dividends,
interests||and rents from|||investments||||||(38)|(125)|
||Decrease
in|debtors||||||||||21,936|4,899|
||Increase/(decrease)||in|creditors||||||||(30,058)|29,169|
||Net cash provided||by|operating||activities||||||2,568|59,014|
|20.|Analysis of|cash and||cash equivalents||||||||||
|||||||||||||2022|2021|
|||||||||||||E||
||Cash
in hand|||||||||||395,453|392,847|
||Total cash and cash equivalents|||||||||||395,453|392,847|
##
##
##
##
##
|cancegable|operating
leases as follows:|||
|---|---|---|---|
|||2022
6|2021f|
|Not later than
1 year||500|500|
|Later than|1 year and not later than 5 years|2,000|2,000|
|Later than|5years|41,500|42,000|
|||44,000|44,500|
##