MILTON KEYNES COMMUNITY FOUNDATION LIMITED
Latest income
£5.1m
Latest spending
£4.9m
Registered
1986
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that the charity generated a net group gain before investment gains of £219,051 for the year ended 31 March 2025, with total unrestricted funds standing at £34,680,208. The trustees confirmed that the charity has adequate resources to continue in operational existence for the foreseeable future, adopting the going concern basis of preparation.
What the accounts disclose
Reserves position: below the charity's own stated reserves policy
“Currently, such funds stand at £864,751 (2024 - £762,882), with the aim for these funds to return to the level specified by the trustees of £1m in the coming year.” — page 8
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Trustees and associated organisations are corporate members; total individual donations received from Trustees in the year amounted to £652.
“Total individual donations received from Trustees in the year amounted to £652 (2024 - £15,283). Neither the Trustees nor their associated organisations derive any benefit as a result of their membership of the Community Foundation.”
“The amount of this subsidy, the difference between the full commercial rental and the subsidised rent paid by the not-for-profit sector tenants, is in excess of £940,000 per annum for the year to 31 March 2025 (2024 -£1,152,000).” — page 62
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The Community Foundation provides properties to not-for-profit sector tenants on preferential terms, with a subsidy in excess of £940,000 per annum.
“Total individual donations received from Trustees in the year amounted to £652 (2024 - £15,283). Neither the Trustees nor their associated organisations derive any benefit as a result of their membership of the Community Foundation.”
“The amount of this subsidy, the difference between the full commercial rental and the subsidised rent paid by the not-for-profit sector tenants, is in excess of £940,000 per annum for the year to 31 March 2025 (2024 -£1,152,000).” — page 62
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Milton Keynes Community Foundation Limited charged rent and service charges to its wholly owned subsidiary, MK Community Properties Limited, in the sum of £436,560.
“Total individual donations received from Trustees in the year amounted to £652 (2024 - £15,283). Neither the Trustees nor their associated organisations derive any benefit as a result of their membership of the Community Foundation.”
“The amount of this subsidy, the difference between the full commercial rental and the subsidised rent paid by the not-for-profit sector tenants, is in excess of £940,000 per annum for the year to 31 March 2025 (2024 -£1,152,000).” — page 62
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: MK Community Properties Limited donated £1,797,647 to the Foundation.
“Total individual donations received from Trustees in the year amounted to £652 (2024 - £15,283). Neither the Trustees nor their associated organisations derive any benefit as a result of their membership of the Community Foundation.”
“The amount of this subsidy, the difference between the full commercial rental and the subsidised rent paid by the not-for-profit sector tenants, is in excess of £940,000 per annum for the year to 31 March 2025 (2024 -£1,152,000).” — page 62
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Grants totalling £Nil were awarded to Worktree, of which two trustees are also trustees.
“Total individual donations received from Trustees in the year amounted to £652 (2024 - £15,283). Neither the Trustees nor their associated organisations derive any benefit as a result of their membership of the Community Foundation.”
“The amount of this subsidy, the difference between the full commercial rental and the subsidised rent paid by the not-for-profit sector tenants, is in excess of £940,000 per annum for the year to 31 March 2025 (2024 -£1,152,000).” — page 62
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: MK Community Properties Limited
“The Foundation's wholly owned trading subsidiary company, MK Community Properties Limited, continued to provide conference facilities alongside office leases and small business units for commercial and not for profit organisations.” — page 6
Per its FY2025 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/03/2025)
Total income
£5.1m
Total spending
£4.9m
Cost of raising funds
£2.3m
Reserves (reported)
£865k
Employees
23
Register events
- Received assets from another charity (08/04/2024)
- Received assets from another charity (30/08/2019)
- Received assets from another charity (25/09/2017)
- Received assets from another charity (16/12/2014)
Trustees
- Jason Sinclair
- Katy Morris
- Laura McLean
- Matthew James Downton
- Precious Rudo Lwanga
- RICHARD FORMAN
- Sean David O'Reilly
- Shirley Jones
- Syeda Sidra Mehdi
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £5.1m | £4.9m |
| 31/03/2024 | £5.0m | £5.2m |
| 31/03/2023 | £5.8m | £5.7m |
| 31/03/2022 | £5.8m | £5.0m |
| 31/03/2021 | £4.4m | £4.4m |
Common questions
Is MILTON KEYNES COMMUNITY FOUNDATION LIMITED financially healthy?
The accounts state that the charity generated a net group gain before investment gains of £219,051 for the year ended 31 March 2025, with total unrestricted funds standing at £34,680,208. The trustees confirmed that the charity has adequate resources to continue in operational existence for the foreseeable future, adopting the going concern basis of preparation. Its FY2025 accounts were audited by Hillier Hopkins LLP.
Who funds MILTON KEYNES COMMUNITY FOUNDATION LIMITED?
Funders whose own accounts filings name MILTON KEYNES COMMUNITY FOUNDATION LIMITED as a grant recipient include THE RANDAL CHARITABLE FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE RANDAL CHARITABLE FOUNDATION | FY2024 | £33k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| CHICKENLEY COMMUNITY CENTRE | 1 | £902k |
| THE ROTHSCHILD FOUNDATION | 1 | £409k |
| THE PEARS FAMILY CHARITABLE FOUNDATION | 1 | £300k |
| THE FOYLE FOUNDATION | 1 | £200k |
| THE NEIL AND ALISON OSTRER FOUNDATION | 1 | £100k |
| THE JABBS FOUNDATION | 1 | £100k |
| THE LIZ AND TERRY BRAMALL FOUNDATION | 1 | £100k |
| THE AMATEURS TRUST | 1 | £90k |