## 

|Contents||||
|---|---|---|---|
||||Page|
|Trustees'<br>Annual<br>Report||||
|Statement ofTrustees'<br>Responsibilities|||15|
|Independent<br>Auditor's<br>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<br>Re istration|Chari<br>Re istration|Number:|Number:|295107|295107||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Com<br>an<br>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|||||||||||






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|||||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<br>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<br>on:||||||||
|Raising funds|||8,9|1,646,374||1,646,374|2,003,636|
|Charitable<br>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<br>before net<br>(losses)/gains<br>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<br>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<br>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<br>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<br>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<br>funds|||||||
|Designated<br>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<br>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<br>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<br>activities||||||
|Net cash|used<br>in operating<br>activities||26|3,429|(673,549)|
|Cash flows from investing<br>activities||||||
|Dividends,|interests<br>and rents from investments|||625,842|579,595|
|Proceeds|from the sale oftangible<br>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<br>by investing<br>activities|||226,706|211,537|
|Cash flows from financing<br>activities||||||
|Repayments<br>of borrowing|||||(92,500)|
|Net cash|provided<br>by/(used<br>in) financing|activities|||(92,500)|
|Change<br>in cash and cash equivalents<br>in||the year||230,135|(554,512)|
|Cash and|cash equivalents<br>at the beginning|ofthe year||1,155,440|1,709,952|
|Cash and|cash equivalents<br>at the end of|the year||1,385,575|1,155,440|
|The notes|on pages 26 to 63form part ofthese financial statements|||||





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||||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<br>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<br>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<br>on|the|factors Identified<br>and|||agreed<br>by||the Board. Staff costs have been apportioned|||||as|
|follows:|||||||||||||
|||||||||||Charitable|||
|Role|||Cost of<br>raising<br>funds||Property<br>costs||Fundraising<br>trading|Investment<br>management<br>costs||activities<br>support<br>costs|Governance<br>costs||
|Chief Executive||||10%||33%|||1%|26%||30%|
|Director of Marketing<br>Development|8 Business|||58%||5'I|6%|||29%||2%|
|Director of Finance||||21%||30%|1%||1%|4%||43%|
|Philanthropy<br>Directors||||79%||5%||||11%||5%|
|Executive<br>Assistant||||10%||15%||||9%||66%|
|Financial<br>Controller||||21%|||4%||1%|35%||39%|
|Philanthropy<br>Managers||||49%|||1%|||50%|||
|Conferencing<br>Staff|||||100%||||||||
|Administrative<br>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<br>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<br>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<br>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<br>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<br>f.|Income|Expenditure<br>F|in/out<br>F|(Losses)<br>E|2021<br>f|
|Restricted funds|||||||||
|Arts Fund|||388,190|19,209|(11,665)||83,259|478,994|
|Sport Relief Fund|||2,341|||||2,341|
|Margaret<br>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<br>Fund|||29,049|4,089|(990)||5,005|37,153|
|thecentre:mk<br>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<br>Memorial|||||||||
|Fund|||262,416|10,879|(5,500)|500|50,516|318,811|
|Grassroots<br>Endowment|||||||||
|Fund|||878,715|30,354|(22,083)|(6,616)|159,477|1,039,847|
|Shoosmiths<br>Fund|||1,429|43|(239)|||1 233|
|Surviving<br>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<br>First|EMC||11,603,165|490,963|(336,907)|(47,693)|2,139,890|13,849,419|
|Hopkinson<br>Music|Fund||65,492|2,273|||11,942|79,707|
|Coventry<br>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<br>of Crime Fund|||4,441||(1,650)|(2,609)||182|
|Rainscourt<br>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<br>f|
|Youth Social Action||Fund|13,273||||||13,273|
|Bramwell<br>Fund|||4,188|13,886|(4,783)||||13,291|
|Chichley<br>Fund|||38,522|6,862|(3,328)|||5,484|47,541|
|ICAEW Social Mobility||||||||||
|Fund|||21,106||(9,041)|(12,064)||||
|Netherfield<br>Children||||||||||
|Centre Legacy Fund|||1|||||||
|New City Fund|||5,821|5,210|(68)||||10,963|
|Tampon Tax Fund|||2,015|32|||||2,047|
|National<br>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<br>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<br>Centre||Fund|28,795||(7,360)||||21,435|
|Norman<br>Hawes<br>Memorial||||||||||
|Trust Endowment|||127,000|3,866||||6,157|137,023|
|Norman<br>Hawes<br>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<br>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.<br>Statement|23.<br>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<br>50,015,239||||||1,031,075|51,046,314|
|Total unrestricted||funds<br>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<br>Fund|||30,102|1,146|(878)|(550)|(771)|29,049|
|thecentre:mk<br>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<br>Memorial|||||||||
|Fund|||270,218|9,381|(9,399)||(7,784)|262,416|
|Grassroots<br>Endowment|||||||||
|Fund|||861,377|29,617|(12,571)|550|(258)|878,715|
|Shoosmiths<br>Fund|||2,756|2|(1,329)|||1,429|
|Surviving<br>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<br>First|EMC||11,984,812|475,456|(496,691)|(214)|(360,198)|11,603,165|
|Hopkinson<br>Music|Fund||65,114|2,218|||(1,840)|65,492|
|Coventry<br>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<br>Fund|||38,170|1,320|(330)||(1,095)|38,065|
|Prevention<br>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<br>Expenditure||inlout|(Losses)|2020|
|Rainscourt<br>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<br>Fund||15,277|940|(12,029)|||4,188|
|Chichley<br>Fund||34,640|6,824|(2,099)||(843)|38,522|
|CCG Fund||||||||
|ICAEW Social Mobility||||||||
|Fund||29,912||(8,806)|||21,106|
|Netherfield<br>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<br>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<br>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<br>Centre||||||||
|Fund|||40,000|(11,205)|||28,795|
|Norman<br>Hawes||||||||
|Memorial<br>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<br>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<br>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<br>of grants|made||funds|funds|Conniborrow||Local Giving|Total|
|Voluntary<br>groups<br>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<br>list of all grant recipients||for|the year|can be found||on our website.|||
|Reconciliation<br>of|grants payable||||||||
||||||2021||2020||
|Grants<br>to Voluntary|Groups and Charities|||1,734,228|||787,667||
|Grants<br>through<br>Local Giving||||426,357|||272,617||
|Big Local Conniburrow<br>Project||||84,535|||76,934||
|Grants<br>to Indiuduals||||9,000|||11,000||
|||||||2,254,120||1,148,218|
|Commitments<br>at 1|April|||||336,104||376,999|
|Commitments<br>made<br>in the year||||2,376,514|||1,165,462||
|Grants<br>cancelled<br>or recovered||||(18,225)|||(17,244)||
|Grants<br>oavable for|the vear|||||2.358.289||1,148,218|
|Grants<br>paid during|the year|||||(2,161,111)||(1,189,113)|
|Commitments<br>at 31 March||||||533,282||336,104|
|Commitments<br>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||||||