| Contents | |||
|---|---|---|---|
| Page | |||
| Trustees' Annual Report |
|||
| Statement ofTrustees' Responsibilities |
15 | ||
| Independent Auditor's Report to the Members of |
|||
| Milton Keynes Community | Foundation | Limited | 16 |
| Group Statement of Financial Activities | 20 | ||
| Group Balance Sheet | 21 | ||
| Milton Keynes Community | Foundation | Limited Balance Sheet | 23 |
| Group Statement ofCash | Flows | 25 | |
| Notes to the Financial Statements |
| Chari Re istration |
Chari Re istration |
Number: | Number: | 295107 | 295107 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Com an Re istration |
Number: | 2032715 | ||||||||
| Pprinci iei Office: | Acorn | House | ||||||||
| 381 Midsummer | Boulevard | |||||||||
| Central | Milton | Keynes | ||||||||
| MK9 3HP | ||||||||||
| Website: | www. mkcommuni | foundation. co.uk | ||||||||
| Bankers | Investment | Mana | ers | Auditor | Solicitors | |||||
| Bank of Scotland | CCLA | Hillier Hopkins | LLP | EMW | ||||||
| 33Old Broad Street | Senator House | 249 Silbury | Boulevard, | Seebeck House | ||||||
| London | 85 Queen Victoria | Milton Keynes | 1 Seebeck Place | |||||||
| EC2N 1HZ | Street | MK9 1NA | Milton Keynes | |||||||
| London | MK5 8FR | |||||||||
| HSBC | EC4V4ET | |||||||||
| 19Midsummer | Place | Hornbeam | Limited | |||||||
| Milton Keynes | 13Furzton | Lake | ||||||||
| MK9 3GB | Shirwell Crescent | |||||||||
| Furzton | ||||||||||
| Handelsbanken | Milton Keynes | |||||||||
| 201 Silbury Boulevard | MK4 1GA | |||||||||
| Milton Keynes | ||||||||||
| MK9 1LZ | ||||||||||
| Close Brothers | ||||||||||
| 10Crown Place | ||||||||||
| London | ||||||||||
| EC2A 4FT |
| Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2021 | 2021 | 2021 | 2020 | ||||
| Note | |||||||
| Income from: | |||||||
| Donations and legacies | 257,760 | 1,838,616 | 2,096,376 | '/, 077,013 | |||
| Charitable activities |
499,398 | 499,398 | 486,028 | ||||
| Other trading activities | 321,531 | 321,531 | 691,516 | ||||
| Investments | 873,787 | 567,310 | 1,441,097 | 1,492,521 | |||
| Total income | 1,952,476 | 2,405,926 | 4,358,402 | 3747078 | |||
| Expenditure on: |
|||||||
| Raising funds | 8,9 | 1,646,374 | 1,646,374 | 2,003,636 | |||
| Charitable activities |
10 | 558,734 | 2,180,694 | 2,739,428 | 1,746,551 | ||
| Total expenditure | 2,205,108 | 2,180,694 | 4,385,802 | 3,750,187 | |||
| Net (expenditure)/income before net (losses)/gains on investments |
(252,632) | 225,232 | (27,400) | (3,109) | |||
| Net (losses)/gains | on investments | (11,286,096) | 2,569,712 | (8,716,384) | 3'/2, 686 | ||
| Net (expenditure)/income | (11,538,728) | 2,794,944 | (8,743,784) | 309,577 | |||
| Transfers between | funds | 23 | (12,579) | 12,579 | |||
| Net movement in |
funds | (11,551,307) | 2,807,523 | (8,743,784) | 309,577 | ||
| Reconciliation of | funds: | ||||||
| Total funds brought | forward | 53,169,910 | 14,909,588 | 68,079,498 | 67,769,921 | ||
| Net movement in funds |
(11,551,307) | 2,807,523 | (8,743,784) | 309,577 | |||
| Total funds carried forward | 41,618,603 | 17,717,111 | 59,335,714 | 68,079,498 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Note | ||||||
| Fixed assets | ||||||
| Intangible assets |
15 | 1,309 | ||||
| Tangible assets | 16 | 197,933 | 241,877 | |||
| Investments | 18 | 18,650,804 | '/5, 243,352 | |||
| Social investments | 19 | 10,000 | 10,000 | |||
| Investment property |
17 | 40,516,666 | 52,309,825 | |||
| 59,375,403 | 67,806,363 | |||||
| Current assets | ||||||
| Debtors | 20 | 892,802 | 1,064,704 | |||
| Cash at bank and | in hand | 1,385,575 | 1,155,440 | |||
| 2,278,377 | 2,220,144 | |||||
| Creditors: amounts | falling due within one | |||||
| year | 21 | (1,318,066) | (947,009) | |||
| Net current assets | 960,311 | 1,273,135 | ||||
| Total assets less | current liabilities | 60,335,714 | 69,079,498 | |||
| Creditors: amounts | falling due after more | |||||
| than one year | 22 | (1,000,000) | (1,000,000) | |||
| Total net assets | 59,335,714 | 68,079,498 | ||||
| Charity funds | ||||||
| Restricted funds | 23 | 17,717,111 | 14,909,588 | |||
| Unrestricted funds |
||||||
| Designated funds |
23 | 39,253,155 | 51,046,314 | |||
| General funds | 23 | 2,365,448 | 2,123,596 | |||
| Total unrestricted | funds | 23 | 41,618,603 | 53,169,910 | ||
| Total funds | 59,335,714 | 68,079,498 |
| COMPANY BALANCE SHEET | COMPANY BALANCE SHEET | ||||
|---|---|---|---|---|---|
| AS AT 31 IIARCH 2021 | |||||
| REGISTERED NUMBER: 2032715 | |||||
| 2021 | 2020 | ||||
| Note | F | ||||
| Fixed assets | |||||
| Intangible assets | 15 | 1,309 | |||
| Tangible assets | 16 | 5,671 | 9,266 | ||
| Investments | 18 | 19,050,805 | 15,643,353 | ||
| Social investments | 19 | 10,000 | 10,000 | ||
| Investment property |
17 | 28,989,916 | 36,397,285 | ||
| 48,056,392 | 52,061,213 | ||||
| Current assets | |||||
| Debtors | 20 | 1,049,530 | 1,085,679 | ||
| Cash at bank and | in hand | 1,104,016 | 713,365 | ||
| 2,153,546 | 1,799,044 | ||||
| Creditors: amounts | falling due within one | ||||
| year | 21 | (1,224,188) | (764,618) | ||
| Net current assets | 929,358 | '/, 034,426 | |||
| Total assets less | current liabilities | 48,985,750 | 53,095,639 | ||
| Creditors: amounts | falling due after more | ||||
| than one year | 22 | (1,000,000) | (1,000,000) | ||
| Total net assets | 47,985,750 | 52,095,639 | |||
| Charityfunds | |||||
| Restricted funds | 23 | 17,717,111 | 14,909,588 | ||
| Unrestricted funds |
|||||
| Designated funds | 23 | 27,906,905 | 35,314,274 | ||
| General funds | 23 | 2,361,734 | 1,871,777 | ||
| Total unrestricted | funds | 23 | 30,268,639 | 37,186,051 | |
| Total funds | 47,985,750 | 52,095,639 |
| Note | 2021 | 2020 | |||
|---|---|---|---|---|---|
| E | |||||
| Cash flows from operating activities |
|||||
| Net cash | used in operating activities |
26 | 3,429 | (673,549) | |
| Cash flows from investing activities |
|||||
| Dividends, | interests and rents from investments |
625,842 | 579,595 | ||
| Proceeds | from the sale oftangible fixed assets |
(27,076) | |||
| Purchase | oftangible fixed assets | (68,459) | (237,400) | ||
| Proceeds | from sale of investments | 2,900,966 | |||
| Purchase | of investments | (330,677) | (3,004,548) | ||
| Net cash | provided by investing activities |
226,706 | 211,537 | ||
| Cash flows from financing activities |
|||||
| Repayments of borrowing |
(92,500) | ||||
| Net cash | provided by/(used in) financing |
activities | (92,500) | ||
| Change in cash and cash equivalents in |
the year | 230,135 | (554,512) | ||
| Cash and | cash equivalents at the beginning |
ofthe year | 1,155,440 | 1,709,952 | |
| Cash and | cash equivalents at the end of |
the year | 1,385,575 | 1,155,440 | |
| The notes | on pages 26 to 63form part ofthese financial statements |
| Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2021 | 2021 | 2021 | |||
| Donations | 254,731 | 1,838,616 | 2,093,347 | ||
| Grants received for administration | costs | 3,029 | 3,029 | ||
| Donations | in kind | ||||
| 257,760 | 1,838,616 | 2,096,376 | |||
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| 2020 | 2020 | 2020 | |||
| Donations | 39,222 | 924,408 | 963,630 | ||
| Grants received for administration | costs | 80,064 | 80,064 | ||
| Donations | in kind | 33,319 | 33,319 | ||
| 152,605 | 924,408 | 1,077,013 |
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| Total | Total | ||
| 2021 | 2020 | ||
| f | |||
| Community | car raffle | ||
| Site | 15,000 | ||
| 1st Prize | 17,000 | ||
| Marketing | 1,319 | ||
| 33,319 |
| Unrestricted | Total | ||||||
|---|---|---|---|---|---|---|---|
| funds | funds | ||||||
| 2021 | 2021 | ||||||
| Property | rental | and | service | charge | income | 499,398 | 499,398 |
| Unrestricted | Total | ||||||
| funds | funds | ||||||
| 2020 | 2020 | ||||||
| Property | rental | and | service | charge | income | 486,028 | 486,028 |
| Raffle income | Raffle income | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total | ||||||
| funds | funds | ||||||
| 2020 | 2020 | ||||||
| Raffle income | 7,317 | 7,317 | |||||
| Income | from non charitable | trading | activities | ||||
| Unrestricted | Total | ||||||
| funds | funds | ||||||
| 2021 | 2021 | ||||||
| Trading | income - MK Community | Properties | Ltd | 321,531 | 321,531 | ||
| Unrestricted | Total | ||||||
| funds | funds | ||||||
| 2020 | 2020 | ||||||
| Trading | income - MK Community | Properties | Ltd | 684,199 | 684,199 |
| Unrestricted | Restricted | Total | ||||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| 2021 | 2021 | 2021 | ||||
| Property investments | 873,759 | 873,759 | ||||
| Listed investments | 567,310 | 567,310 | ||||
| Interest receivable | 28 | 28 | ||||
| 873,787 | 567,310 | 1,441,097 | ||||
| Unrestricted | Restricted | Tata/ | ||||
| funds | funds | funds | ||||
| 2020 | 2020 | 2020 | ||||
| Property investments | 913,T71 | 913,771 | ||||
| Listed investments | 102,643 | 474,596 | 577,239 | |||
| Interest receivable | '/,511 | 1,5'/1 | ||||
| 1,017,925 | 474,596 | 1,492,521 | ||||
| 8. | Expenditure | on raising funds | ||||
| Costs ofraising voluntary | income | |||||
| Unrestricted | Total | |||||
| funds | funds | |||||
| 2021 | 2021 | |||||
| Direct costs | 32,676 | 32,676 | ||||
| Apportioned | costs | 59,705 | 59,705 | |||
| Wages and | salaries | 194,593 | 194,593 | |||
| 286,974 | 286,974 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2020 | 2020 | ||
| Direct costs | 73,912 | 73,912 | |
| Apportioned | costs | 131,434 | 131,434 |
| Wages and | saiaries | 200,423 | 200,423 |
| 405,769 | 405,769 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2021 | 2021 | ||
| Apportioned | costs | 1,843 | 1,843 |
| Wages and | salaries | 6,007 | 6,007 |
| 7,850 | 7,850 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2020 | 2020 | ||
| Apportioned | costs | 7,063 | 7,063 |
| Wages and | salaries | 12,257 | 12,257 |
| 19,320 | 19,320 |
| Unrestricted | Total | |||||
|---|---|---|---|---|---|---|
| funds | funds | |||||
| 2021 | 2021 | |||||
| MK | Community | Properties | Ltd | trading expenses | 357,146 | 357,146 |
| MK | Community | Properties | Ltd | staff costs | 138,171 | 138,171 |
| MK | Community | Properties | Ltd | depreciation | 74,347 | 74,347 |
| 569,664 | 569,664 |
| Unrestricted | Total | |||||
|---|---|---|---|---|---|---|
| funds | funds | |||||
| 2020 | 2020 | |||||
| MK | Community | Properties | Ltd | trading expenses | 495,752 | 495, 752 |
| MK | Community | Properties | Ltd | staff costs | 118,341 | 118,341 |
| MK | Community | Properties | Ltd | depreciation | 48,803 | 48,803 |
| 662,896 | 662,896 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2021 | 2021 | ||
| Property costs | 742,B49 | 742,849 | |
| Loan interest payable | 36,700 | 36,700 | |
| Apportioned | costs | 549 | 549 |
| Wages and | salaries | 1,788 | 1,788 |
| 781,886 | 781,886 | ||
| Unrestricted | Total | ||
| funds | funds | ||
| 2020 | 2020 | ||
| Investment | expenses | 3,042 | 3,042 |
| Property costs | 875,824 | 875,824 | |
| Loan interest payable | 33,652 | 33,652 | |
| Apportioned | costs | 921 | 921 |
| Wages and | salaries | 2,212 | 2,212 |
| 915,651 | 915,651 |
| Unrestricted | Restricted | Total |
|---|---|---|
| funds | funds | funds |
| 2021 | 2021 | 2021 |
| 558,734 | 2,180,694 | 2,739,428 |
| umma | ry by fund type (continued) |
|||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| 2020 | 2020 | 2020 | ||
| Grants | awarded | 658,567 | 1,087,984 | 1,746,551 |
| Activities | Grant | |||
|---|---|---|---|---|
| undertaken | funding of |
Support | Total | |
| directly | activities | costs | funds | |
| 2021 | 2021 | 2021 | 2021 | |
| Grants awarded | 363,363 | 2,105,166 | 270,900 | 2,739,429 |
| Activities | Grant | |||
| undertaken | funding of | Support | Total | |
| directly | activities | costs | funds | |
| 2020 | 2020 | 2020 | 2020 | |
| Grants awarded | 412,487 | 1,087,984 | 246,080 | 1,746,551 |
| Analysis ofdirect costs |
| Analysis of | direct costs | ||
|---|---|---|---|
| Grants | Total | ||
| awarded | funds | ||
| 2021 | 2021 | ||
| Staff costs | 124,384 | 124,384 | |
| Other costs | 176,083 | 176,083 | |
| Apportioned | costs | 62,896 | 62,896 |
| 363,363 | 363,363 | ||
| Page 39 |
| Grants | Total | ||
|---|---|---|---|
| awarded | funds | ||
| 2020 | 2020 | ||
| Staffcosts | 182,247 | 182,247 | |
| Other costs | 123,988 | 123,988 | |
| Apportioned | costs | 106,252 | 106,252 |
| 412,487 | 412,487 |
| Costs that can be recognised | Costs that can be recognised | Costs that can be recognised | as wholly | attributable | attributable | to one of the above categories | to one of the above categories | to one of the above categories | to one of the above categories | are directly allocated. | are directly allocated. | are directly allocated. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| All other costs, including | staff | costs, are | apportioned | on the basis ofan | estimate ofthe time spent | by each | ||||||
| member ofstaff within | the category. The | allocation | ofstaff | time across various | projects changes from | year | ||||||
| to year depending on |
the | factors Identified and |
agreed by |
the Board. Staff costs have been apportioned | as | |||||||
| follows: | ||||||||||||
| Charitable | ||||||||||||
| Role | Cost of raising funds |
Property costs |
Fundraising trading |
Investment management costs |
activities support costs |
Governance costs |
||||||
| Chief Executive | 10% | 33% | 1% | 26% | 30% | |||||||
| Director of Marketing Development |
8 Business | 58% | 5'I | 6% | 29% | 2% | ||||||
| Director of Finance | 21% | 30% | 1% | 1% | 4% | 43% | ||||||
| Philanthropy Directors |
79% | 5% | 11% | 5% | ||||||||
| Executive Assistant |
10% | 15% | 9% | 66% | ||||||||
| Financial Controller |
21% | 4% | 1% | 35% | 39% | |||||||
| Philanthropy Managers |
49% | 1% | 50% | |||||||||
| Conferencing Staff |
100% | |||||||||||
| Administrative Assistants |
12% | 10% | 78% |
| Grants | Total | ||||
|---|---|---|---|---|---|
| awarded | funds | ||||
| 2021 | 2021 | ||||
| Staff costs | 61,356 | 61,356 | |||
| Depreciation | 4,903 | 4,903 | |||
| Governance | costs | 204,641 | 204,641 | ||
| 270,900 | 270,900 | ||||
| Grants | Total | ||||
| awarded | funds | ||||
| 2020 | 2020 | ||||
| Staff costs | 50,442 | 50,442 | |||
| Depreciation | 15,625 | 15,625 | |||
| Governance | costs | 180,013 | 180,013 | ||
| 246,080 | 246,080 | ||||
| Auditor's remuneration |
|||||
| 2021 | 2020 | ||||
| F | |||||
| Fees payable to the Company's | auditor | for the audit ofthe Company's | |||
| annual accounts | 13,250 | 15,000 | |||
| Fees payable to the Company's | auditor | in respect of: | |||
| All taxation | advisory services not included above | 1,500 | 3,800 | ||
| All non-audit | services not included above | 3,640 | 7,415 |
| Group | Group | Company | Company | |||
|---|---|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | |||
| E | ||||||
| Wages and | salaries | 596,072 | 589,541 | 457,901 | 471,200 | |
| Social security costs | 55,917 | 56,427 | 55,917 | 56,427 | ||
| Contribution | to defined contribution | pension | ||||
| schemes | 16,832 | 12,909 | 16,832 | 12,909 | ||
| 668,821 | 658,877 | 530,650 | 540,536 |
| Group | Group | ||
|---|---|---|---|
| 2021 | 2020 | ||
| No. | No. | ||
| Marketing | and Fund Development | 4.0 | 4.1 |
| Charitable | activities | 5.0 | 4.2 |
| Operations | 5.9 | 8.6 | |
| Finance and Governance | 5.5 | 6.4 | |
| 20.4 | 23.3 |
| Group | Group |
|---|---|
| 2021 | 2020 |
| No. | No. |
| NOTES TO THE FINANCIAL STATEMENTS | |||
|---|---|---|---|
| FOR THE YEAR ENDED 31 MARCH 2021 | |||
| 15. | Intangible assets | ||
| Group and Company | |||
| Website | |||
| E | |||
| Cost | |||
| At 1 April 2020 | 34,577 | ||
| At 31 March 2021 | 34,577 | ||
| Amortisation | |||
| At 1 April 2020 | 33,268 | ||
| Charge for the year | 1,309 | ||
| At 31 March 2021 | 34,577 | ||
| Net book value | |||
| At 31 March 2021 | |||
| At 31March 2020 | 1,309 |
| Office | |
|---|---|
| equipment | |
| F | |
| Cost orvaluation | |
| At 1 April 2020 | 860,362 |
| Additions | 68,459 |
| At 31 March 2021 | 928,821 |
| Depreciation | |
| At 1 April 2020 | 618,485 |
| Charge for the year | 112,403 |
| At 31 March 2021 | 730,888 |
| Net book value | |
| At 31 March 2021 | 197,933 |
| At 31March 2020 | 241,877 |
| Office | |
|---|---|
| equipment | |
| Cost orvaluation | |
| At 1 April 2020 | 40,650 |
| At 31 March 2021 | 40,650 |
| Depreciation | |
| At 1 April 2020 | 31,384 |
| Charge for the year | 3,595 |
| At 31 March 2021 | 34,979 |
| Net book value | |
| At 31 March 2021 | 5,671 |
| At31March 2020 | 9,266 |
| Long term | ||||
|---|---|---|---|---|
| Freehold | leasehold | |||
| investment | investment | |||
| property | property | Total | ||
| Valuation | ||||
| At 1 April 2020 | 50,703,950 | 1,605,875 | 52,309,825 | |
| (Deficit)/surplus | on revaluation | (11,962,284) | 169,125 | (11,793,159) |
| At 31 March 2021 | 38,741,666 | 1,775,000 | 40,516,666 |
| Long term | ||||
|---|---|---|---|---|
| Freehold | leasehold | |||
| investment | investment | |||
| property | property | Total | ||
| Valuation | ||||
| At 1 April 2020 | 34,791,410 | 1,605,875 | 36,397,285 | |
| (Deficit)/surplus | on revaluation | (7,576,494) | 169,125 | (7,407,369) |
| At 31 March 2021 | 27,214,916 | 1,775,000 | 28,989,916 |
| Listed | |
|---|---|
| investments | |
| Group | |
| Cost orvaluation | |
| At 1 April 2020 | 15,243,352 |
| Additions | 334,177 |
| Disposals | (3,500) |
| Revaluations | 3,076,775 |
| At 31 March 2021 | 18,650,804 |
| Net book value | |
| At 31 March 2021 | 18,650,804 |
| At 31March 2020 | 15,243,352 |
| Page 46 |
| Investments | Investments | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| in subsidiary | Listed | |||||||||
| companies | investments | Total | ||||||||
| Company | ||||||||||
| Cost orvaluation | ||||||||||
| At 1 April 2020 | 400,001 | 15,243,352 | 15,643,353 | |||||||
| Additions | 334,177 | 334,177 | ||||||||
| Disposals | (3,500) | (3,500) | ||||||||
| Revaluations | 3,076,775 | 3,076,775 | ||||||||
| At 31 March 2021 | 400,001 | 18,650,804 | 19,050,805 | |||||||
| Net book value | ||||||||||
| At 31 March 2021 | 400,001 | 18,650,804 | 19,050,805 | |||||||
| At 31March 2020 | 400,001 | 15,243,352 | 15,643,353 | |||||||
| Principal subsidiaries | ||||||||||
| The following were subsidiary | undertakings | ofthe Company: | ||||||||
| Names | Company | Principal | activity | Class of | Holding | |||||
| number | shares | |||||||||
| MK Community | Properties | Limited | 2650530 | Provider | of Meeting | Ordinary | f1 | 100% | ||
| and | Conference | shares | ||||||||
| Facilities | and Small | |||||||||
| Business | Units. | |||||||||
| Ordinary | E1 | |||||||||
| MKCP Limited | 9466716 | Dormant | share | 100% |
| NOTES TO | THE FINANCIAL STATEMENTS | THE FINANCIAL STATEMENTS | |||||
|---|---|---|---|---|---|---|---|
| FOR THE | YEAR ENDED 31 | MARCH 2021 | |||||
| 18. | Fixed asset investments | (continued) | |||||
| The financial results ofthe |
subsidiaries | for the year were: | |||||
| Names | Income | Expenditure | Profit/(Loss) | Net assets | |||
| F | / Surplus/ | F | |||||
| (Deficit) for | |||||||
| the yearf | |||||||
| MK Community | Properties | Limited | 298,303 | (4,932,198) | (4,633,895) | 11,749,972 | |
| MKCP Limited | 1 | ||||||
| 19. | Social investments | ||||||
| Group and Company | |||||||
| Social | |||||||
| Enterprise | |||||||
| project | |||||||
| Cost orvaluation | |||||||
| At 1 April 2020 | 10,000 | ||||||
| Net book value | |||||||
| At 31 March 2021 | 10,000 | ||||||
| At 31 March 2020 | 10,000 |
| Group | Group | Company | Company | ||
|---|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | ||
| Due within one year | |||||
| Trade debtors | 77,567 | 154,236 | 66,824 | 92,021 | |
| Amounts owed by group undertakings |
235,004 | 84,603 | |||
| Other debtors | 211,867 | 160,176 | 211,867 | 160,176 | |
| Prepayments | and accrued income | 603,368 | 750,292 | 535,835 | 748,879 |
| 892,802 | 1,064,704 | 1,049,530 | 1,085,679 |
| Group | Group | Company | Company | ||||
|---|---|---|---|---|---|---|---|
| 2021f | 2020 | 2021 | 2020 | ||||
| Trade creditors | 29,476 | 95,834 | 16,917 | 26,644 | |||
| Other taxation and social security | 65,938 | '/2, 644 | 65,938 | 16,046 | |||
| Other creditors | 174,244 | 170,492 | 114,512 | 73,286 | |||
| Accruals | and deferred | income | 515,126 | 331,935 | 493,539 | 312,538 | |
| Grants accrued | 533,282 | 336,104 | 533,282 | 336,104 | |||
| 1,318,066 | 947,009 | 1,224,188 | 764,618 | ||||
| Group | Group | Company | Company | ||||
| 2021 | 2020 | 2021 | 2020 | ||||
| E | |||||||
| Deferred | income at 1 | April 2020 | 112,066 | 175,98'1 | 93,243 | 151,913 | |
| Resources deferred during the year |
273,615 | 112,066 | 253,535 | 93,243 | |||
| Amounts | released from previous | periods | (112,066) | (175,981) | (93,243) | (151,913) | |
| 273,615 | 112,066 | 253,535 | 93,243 |
| Group | Group | Company | Company | |||
|---|---|---|---|---|---|---|
| 2021 | 2020 | 2021f | 2020 | |||
| Bank loans | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | ||
| Included | within the above are amounts | falling | due as follows: | |||
| Between | two and five years | |||||
| Bank loans | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Balance at | |||||||
|---|---|---|---|---|---|---|---|
| Balance at 1 | Transfers | Gains/ | 31 March | ||||
| April 2020 | Income | Expenditure | in/out | (Losses) | 2021 | ||
| E | F | E | |||||
| Unrestricted | funds | ||||||
| Community | 2,123,596 | 1,952,476 | (2,205,108) | (12,579) | 507,063 | 2,365,448 | |
| Designated | —Property | 51,046,314 | (11,793,159) | 39,253,155 | |||
| Total unrestricted | 53,169,910 | 1,952,476 | (2,205,108) | (12,579) | (11,286,096) | 41,618,603 | |
| funds |
| Statement | offunds | -current year | (continued) | |||||
|---|---|---|---|---|---|---|---|---|
| Balance at | ||||||||
| Balance at 1 | Transfers | Gains/ | 31 March | |||||
| April 2020 f. |
Income | Expenditure F |
in/out F |
(Losses) E |
2021 f |
|||
| Restricted funds | ||||||||
| Arts Fund | 388,190 | 19,209 | (11,665) | 83,259 | 478,994 | |||
| Sport Relief Fund | 2,341 | 2,341 | ||||||
| Margaret Powell |
(Grants) | 356 | 356 | |||||
| MK DASS Fund | 287,017 | 10,042 | 52,758 | 349,817 | ||||
| RSM Fund | 1,013 | 281 | (1,011) | 284 | ||||
| Women's Fund |
29,049 | 4,089 | (990) | 5,005 | 37,153 | |||
| thecentre:mk Fund |
4,950 | (1,651) | 3,300 | |||||
| NiftyLift Fund | 41,605 | 3,143 | (2,200) | (297) | 7,145 | 49,396 | ||
| Family Funds | 154,458 | 42,575 | (7,581) | 9,245 | 27,047 | 225,744 | ||
| Kara Hurley Memorial |
||||||||
| Fund | 262,416 | 10,879 | (5,500) | 500 | 50,516 | 318,811 | ||
| Grassroots Endowment |
||||||||
| Fund | 878,715 | 30,354 | (22,083) | (6,616) | 159,477 | 1,039,847 | ||
| Shoosmiths Fund |
1,429 | 43 | (239) | 1 233 | ||||
| Surviving Winter |
28,065 | 7,760 | (1,652) | (24,345) | 9,828 | |||
| Open University | Fund | 221 | (221) | |||||
| Local Giving | 77,502 | 465,149 | (426,357) | 116,293 | ||||
| New Communities | Funds | 231,304 | (3,264) | 228,040 | ||||
| Jubilee Sports Fund | 4,605 | 300 | (4,557) | 348 | ||||
| Community First |
EMC | 11,603,165 | 490,963 | (336,907) | (47,693) | 2,139,890 | 13,849,419 | |
| Hopkinson Music |
Fund | 65,492 | 2,273 | 11,942 | 79,707 | |||
| Coventry Building |
Society | |||||||
| Fund | 1 | 1 | ||||||
| VW Fund | 11,391 | 10,000 | (11,389) | 10,002 | ||||
| Music Centre Fund | 10,128 | 237 | 10,365 | |||||
| Business Leaders | Fund | 14,730 | (7,741) | 6,989 | ||||
| Big Local Conniburrow | ||||||||
| Fund | 38,933 | 84,000 | (84,535) | 38,398 | ||||
| Great Linford Waterslide | ||||||||
| Festival Fund | 38,065 | 1,353 | (2,676) | 7,108 | 43,850 | |||
| Prevention of Crime Fund |
4,441 | (1,650) | (2,609) | 182 | ||||
| Rainscourt Fund |
8,443 | 6,250 | 1,000 | 15,693 | ||||
| Tony Byrne Financial | ||||||||
| Services Fund | 34,151 | 8,383 | (1,100) | 4,310 | 45,744 |
| Balance at | Balance | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | at 31 | ||||||||
| April 2020 | Income | Expenditure | Transfers | Gains/ | March | ||||
| f. | f | in/out | f | (Losses) | 2021 f |
||||
| Youth Social Action | Fund | 13,273 | 13,273 | ||||||
| Bramwell Fund |
4,188 | 13,886 | (4,783) | 13,291 | |||||
| Chichley Fund |
38,522 | 6,862 | (3,328) | 5,484 | 47,541 | ||||
| ICAEW Social Mobility | |||||||||
| Fund | 21,106 | (9,041) | (12,064) | ||||||
| Netherfield Children |
|||||||||
| Centre Legacy Fund | 1 | ||||||||
| New City Fund | 5,821 | 5,210 | (68) | 10,963 | |||||
| Tampon Tax Fund | 2,015 | 32 | 2,047 | ||||||
| National Lottery Fund |
175,700 | (165,000) | 10,700 | ||||||
| Olney Education | Trust | 6,501 | 6,501 | ||||||
| Beadle Fund | 45,764 | 1,704 | (1,231) | 8,952 | 55,189 | ||||
| MK Council 2050 | Fund- | ||||||||
| Flowthrough | 127,113 | 50,000 | (46,066) | (100,000) | 31,047 | ||||
| MK Council 2050 | Fund- | ||||||||
| Endowment | 772 | 100,000 | 662 | 101,434 | |||||
| Watercare Fund |
6,615 | 6,615 | |||||||
| TVP - Violent Crime | |||||||||
| Reduction | 34,500 | (9,612) | 24,888 | ||||||
| Covid 19Emergency | |||||||||
| Response | 50,498 | 129,476 | (201,196) | 100,768 | 79,546 | ||||
| MK Christian Centre |
Fund | 28,795 | (7,360) | 21,435 | |||||
| Norman Hawes Memorial |
|||||||||
| Trust Endowment | 127,000 | 3,866 | 6,157 | 137,023 | |||||
| Norman Hawes Memorial |
|||||||||
| Trust Flwothrough | 8,386 | 8,386 | |||||||
| NET Emergency | Appeal | 325,088 | (324,699) | 389 | |||||
| 9 Eons Limited | 10,000 | (7,148) | 2,852 | ||||||
| Anglian Water Positive |
|||||||||
| Difference | 19,200 | (13,100) | 6,100 | ||||||
| LEAP Fund | 39,999 | (36,581) | 3,419 | ||||||
| Net DCMS Fund | 145,489 | (142,410) | 3,079 | ||||||
| Covid 19Recovery | Fund | 150,000 | (40,774) | 109,226 | |||||
| MK Food Support | 157,000 | (157,000) | |||||||
| DCMS Community | Match | 79,500 | (81,875) | (2,375) |
| 23. Statement |
23. Statement |
offunds - prior year | ||||||
|---|---|---|---|---|---|---|---|---|
| Balance at | ||||||||
| Balance at | Transfers | Gains/ | 31Match | |||||
| 1 April 2019 | Income | Expenditure | iniout | (Losses) | 2020 | |||
| Unrestricted | funds | |||||||
| Community | 2,757,474 | 2,349,114 | (2,662,203) | (8,283) | (312,506) | 2,123,596 | ||
| Designated | - Property 50,015,239 |
1,031,075 | 51,046,314 | |||||
| Total unrestricted | funds 52,772,713 |
2,349,114 | (2,662,203) | (8,283) | 718,569 | 53,169,910 |
| Statement of | f | unds | - prior year | |||||
|---|---|---|---|---|---|---|---|---|
| Balance at | ||||||||
| Balance at | Transfers | Gains/ | 31Match | |||||
| 1 April 2019 | Income | Expenditure | in/out | (Losses) | 2020 | |||
| Restricted funds | ||||||||
| Arts Fund | 393,463 | 19,045 | (11,487) | - | (12,831) | 388,190 | ||
| Sport Relief Fund | 4,554 | (2,200) | (13) | 2,341 | ||||
| Margaret | Powell | |||||||
| (Grants) | 43 | 299 | 14 | 356 | ||||
| MK DASS Fund | 292,324 | 9,798 | (6,974) | (8,131) | 287,017 | |||
| RSM Fund | 452 | 561 | 1,013 | |||||
| Women's Fund |
30,102 | 1,146 | (878) | (550) | (771) | 29,049 | ||
| thecentre:mk Fund |
5,000 | (6,050) | 6,000 | 4,950 | ||||
| NiftyLift Fund | 41,206 | 3,212 | (1,926) | 214 | (1,101) | 41,605 | ||
| Family Funds | 152,337 | 13,128 | (6,055) | (382) | (4,570) | 154,458 | ||
| Kara Hurley Memorial |
||||||||
| Fund | 270,218 | 9,381 | (9,399) | (7,784) | 262,416 | |||
| Grassroots Endowment |
||||||||
| Fund | 861,377 | 29,617 | (12,571) | 550 | (258) | 878,715 | ||
| Shoosmiths Fund |
2,756 | 2 | (1,329) | 1,429 | ||||
| Surviving Winter |
30,688 | 3,918 | (6,541) | 28,065 | ||||
| Open University | Fund | 221 | 221 | |||||
| Local Giving | 91,423 | 278,578 | (292,499) | 77,502 | ||||
| New Communities | ||||||||
| Funds | 234,524 | (3,220) | 231,304 | |||||
| Jubilee Sports Fund | 628 | 4,504 | (540) | 13 | 4,605 | |||
| Community First |
EMC | 11,984,812 | 475,456 | (496,691) | (214) | (360,198) | 11,603,165 | |
| Hopkinson Music |
Fund | 65,114 | 2,218 | (1,840) | 65,492 | |||
| Coventry Building |
||||||||
| Society Fund | 1,286 | (1,285) | 1 | |||||
| VW Fund | 11,064 | 10,000 | (9,673) | 11,391 | ||||
| Music Centre Fund | 10,365 | (237) | 10,128 | |||||
| Business Leaders | Fund | 10,277 | 5,003 | (550) | 14,730 | |||
| Big Local Conniburrow | ||||||||
| Fund | 115,867 | (76,934) | 38,933 | |||||
| Great Linford Waterslide | ||||||||
| Festival Fund |
38,170 | 1,320 | (330) | (1,095) | 38,065 | |||
| Prevention of Crime |
||||||||
| Fund | 7,224 | 1,247 | (4,780) | 750 | 4,441 |
| Statement | offun | ds - prior year | |||||
|---|---|---|---|---|---|---|---|
| Balance at | |||||||
| Balance at | Transfers | Gains/ | 31March | ||||
| 1 April 2019 | Income Expenditure |
inlout | (Losses) | 2020 | |||
| Rainscourt Fund |
10,703 | 5,000 | (7,260) | 8,443 | |||
| Tony Byme Financial | |||||||
| Services Fund | 26,637 | 10,707 | (2,200) | (993) | 34,151 | ||
| Youth Social Action | |||||||
| Fund | 10,173 | 11,000 | (7,900) | 13,273 | |||
| Bramwell Fund |
15,277 | 940 | (12,029) | 4,188 | |||
| Chichley Fund |
34,640 | 6,824 | (2,099) | (843) | 38,522 | ||
| CCG Fund | |||||||
| ICAEW Social Mobility | |||||||
| Fund | 29,912 | (8,806) | 21,106 | ||||
| Netherfield Children |
|||||||
| Centre Legacy Fund | |||||||
| Heald Solicitors | Fund | ||||||
| New City Fund | 3,656 | 250 | 1,915 | 5,821 | |||
| Tampon Tax Fund | 12,949 | (10,934) | 2,015 | ||||
| National Lottery |
Fund | 212,000 | (36,300) | 175,700 | |||
| Olney Education | Trust | 6,501 | 6,501 | ||||
| Beadle Fund | 51,232 | (5,468) | 45,764 | ||||
| MK Council 2050 Fund | 150,000 | (22,887) | 127,113 | ||||
| Watercare Fund |
15,000 | (8,385) | 6,615 | ||||
| TVP —Violent Crime | |||||||
| Reduction | 40,000 | (5,500) | 34,500 | ||||
| Covid 19Emergency | |||||||
| Response | 50,842 | (344) | 50,498 | ||||
| MK Christian Centre |
|||||||
| Fund | 40,000 | (11,205) | 28,795 | ||||
| Norman Hawes |
|||||||
| Memorial Trust |
127,000 | 127,000 | |||||
| Total restricted | funds | 14,997,208 | 1,397,964 | (1,087,984) | 8,283 | (405,883) | 14,909,588 |
| Total funds | 67,769,921 | 3,747,078 | (3,750,187) | 312,686 | 68,079,498 |
| Summary offun |
ds - current yea | r | ||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| Balance at 1 | Transfers | Gains/ | 31 March | |||
| April 2020 | Income | Expenditure | in/out | (Losses) | 2021 | |
| F | F | F | F | F | F | |
| Designated | ||||||
| funds | 51,046,314 | (11,793,159) | 39,253,155 | |||
| General funds | 2,123,596 | 1,952,476 | (2,205,108) | (12,579) | 507,063 | 2,365,448 |
| Restricted funds | 14,909,588 | 2,405,926 | (2,180,694) | 12,579 | 2,569,712 | 17,717,111 |
| 68,079,498 | 4,358,402 | (4,385,802) | (8,716,384) | 59,335,714 |
| Summary offund |
s - prior year | |||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| Balance at | Transfers | Gains/ | 31March | |||
| 1 April 2019 | Income | Expenditure | inlout | (Losses) | 2020 | |
| Designated | ||||||
| funds | 50,015,239 | 1,031,075 | 51,046,314 | |||
| General funds | 2,757,474 | 2,349,114 | (2,662,203) | (8,283) | (312,506) | 2,123,596 |
| Restricted funds | 14,997,208 | 1,397,964 | (1,087,984) | 8,283 | (405,883) | 14,909,588 |
| 67,769,921 | 3,747,078 | (3,750,187) | 312,686 | 68,079,498 |
| Analysis | ofnet assets between funds - current year | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| 2021 | 2021 | 2021 | ||
| E | ||||
| Tangible fixed assets | 197,933 | 197,933 | ||
| Fixed asset investments | 3,365,949 | 15,284,855 | 18,650,804 | |
| Investment | property | 40,516,666 | 40,516,666 | |
| Social investments | 10,000 | 10,000 | ||
| Current assets | (153,879) | 2,432,256 | 2,278,377 | |
| Creditors | due within one year | (1,318,066) | (1,318,066) | |
| Creditors | due in more than one year | (1,000,000) | (1,000,000) | |
| Total | 41,618,603 | 17,717,111 | 59,335,714 | |
| Analysis | ofnet assets between funds - prior year | |||
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| 2020 | 2020 | 2020 | ||
| Tangible fixed assets | 241,877 | 241,877 | ||
| Intangible | fixed assets | 1,309 | 1,309 | |
| Fixed asset investments | 2,528,209 | 12,715,143 | 15,243,352 | |
| Investment | property | 52,309,825 | 52,309,825 | |
| Social investments | 10,000 | 10,000 | ||
| Current assets | (246) | 2,220,390 | 2,220,144 | |
| Creditors | due within one year | (921,064) | (25,945) | (947,009) |
| Creditors | due in more than one year | (1,000,000) | (1,000,000) | |
| Total | 53,169,910 | 14,909,588 | 68,079,498 |
| Unrestricted | Unrestricted | Unrestricted | Restricted | Big Local | ||||
|---|---|---|---|---|---|---|---|---|
| Analysis of grants |
made | funds | funds | Conniborrow | Local Giving | Total | ||
| Voluntary groups and charities |
73,426 | 1,660,802 | 84,535 | 426,357 | 2,245,120 | |||
| Individuals | 9,000 | 9,000 | ||||||
| Total | 73,426 | 1,669,802 | 84,535 | 426,357 | 2,254,120 | |||
| A complete list of all grant recipients |
for | the year | can be found | on our website. | ||||
| Reconciliation of |
grants payable | |||||||
| 2021 | 2020 | |||||||
| Grants to Voluntary |
Groups and Charities | 1,734,228 | 787,667 | |||||
| Grants through Local Giving |
426,357 | 272,617 | ||||||
| Big Local Conniburrow Project |
84,535 | 76,934 | ||||||
| Grants to Indiuduals |
9,000 | 11,000 | ||||||
| 2,254,120 | 1,148,218 | |||||||
| Commitments at 1 |
April | 336,104 | 376,999 | |||||
| Commitments made in the year |
2,376,514 | 1,165,462 | ||||||
| Grants cancelled or recovered |
(18,225) | (17,244) | ||||||
| Grants oavable for |
the vear | 2.358.289 | 1,148,218 | |||||
| Grants paid during |
the year | (2,161,111) | (1,189,113) | |||||
| Commitments at 31 March |
533,282 | 336,104 | ||||||
| Commitments at 31 March are payable as follows: |
||||||||
| Within one year | 533,282 | 336,104 | ||||||
| After one year | ||||||||
| 533,282 | 336,104 |
| inancial | instruments | |||||
|---|---|---|---|---|---|---|
| Group | Group | Company | Company | |||
| 2021 | 2020 | 2021 | 2020 | |||
| F | ||||||
| Financial assets | ||||||
| Financial | assets measured | at fair value | 18,660,804 | 15,253,352 | 18,660,804 | 15,253,352 |
| through | income and expenditure |