THE MACKIE FOUNDA TION UNAUDITED STA TEMENT OFACCOUNTS FOR YEAR ENDED 5 APRIL 2023
THE TRusfEES OF THE MACKIE FOUNDATION ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2023 PA Legal and Administrallve Information Trust88s' Report lThJependenl Examlnerfs Report Statement of Flnanclal Adl*dtle8 Balanc8 Sheat NotOS to the accounts 7-13 Appendlx 1
THE TRUSTEES OF THE MACKIE FOUNDATION ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2023 Founder: John Mackie as Settlor Govemlng Document: Declaration of Tnjst Deed dated 19 September 1990, as amended by Scheme dated 29 October 2015 Trujtees: Fiona Ann Smrth James Gooper Mackiè Riggs Nicholas Robert knndsay Barton Charlty hAldro88: Forslers LLP 31 Hlll Str881 London W1J5LS Ch8rlty Rggl•tr•tlon No: 1000676 Sollcltor•: Forsters LLP as abovo Banker•: C Hoare & Co 37 Flegl Str991 London EC4P 4DQ InvlMont Adyhorn: Fluffer LLP 80 Victoria Sireel London sWIEL Brooks MacDonald Hobart House 80 Hanover Stre81 Edinburgh EH21EL Indopendent ExamlneT: Emily Smith ACA ol HumFthrey & Co Account•nt$: Humphrey & Co Chartered Accounlanls 7. 9 The Avenue Easlbourne Ea51 Sussex BN213YA Paoe 1
THETRUSTEES OF ThE MACKIE FOUNDATION TRUSTEES. REPOIIT FOR THE YEAR ENDED 5 APRIL 20tJ The Tru*ees pr88ent their Aeport together the Accounts ol the Foundation lor Ihe year ended 5 April 2023. The AcCnIS have been prepared In aceordan¢& with the accounting poli¢i08 set out on pages 7 to 9, the Tru3t Deed, the Charitr03 Act 2011 and Accountin9 and Reporting by Charitie5.' Statement of Recornmondad Pra¢tice 159cond 8dilionl appliCae to charhies prepariTVJ their accounts in a¢o)rdance %wlh the F5nancial R¢pJrting Standard 102 leffe¢tive 1 January 20191. nl lon ctlvl 1•8 lor t ef The Mackie Foundatlon wa8 e8tabli5hed by a Declaratlon of Trusl dated 19 Septembgr 1990, as arnended by Scheme dated 29 Octob8r 2015, and is a gISt6[6d GhArfty. nurnber 1000676. Orfglnal Tru3tees were John Mackie Idled 20 November 20051, Thora Mary Mackie Idled 23 Dèc8rnb2r 20071 John Adrian Walney and Peler Duncan Inslone Ireliled 18 Aprll 20181. Mr Walney ielired in lavour of Flona Ann Smith on 17 June 2002. Virginia Leask Riogs was aFpointed on 13 Oecember 2005, she subsè4u8ntly retired on 16 Novambèr 2015. James Coopgr Mackle Rlggs was appolnted on 14 Novernber 2011 and Nicholas Robert Llndsay Barton was appolnled on 2 November 2016. Under the terrns of Ihe Declaration ol TrLSSt, the power of 8ppolnllng new Trustees Is vested In the suNlvlnp or continuing Truste8s. Trusl8es a solactèd having repard to both ihelr oeneral experience. and Ihe5r knowledge and exFerIen ol Ihe oblecls ol the Foundallon. and any personal knowledga of th9 exisllrvJ Trustees. Professlonal advlce Is availablg 10 now Tru51ee5 Imm the exlsting Twslees lor Irainlng purpose8 regarding Ihe dutiès ol a Trustee. Thè Mackie Foundation Is a oranl-rnaking Charity which rnakes donallon8 to other registersd Charlll88. The Trusteos ot the Foundation have powers tts pay or apply Incoma aThl ¢apllal ol the Trust Fund Igr 8urh Charitles or for $u¢h ¢harilBblo purposes as thay Ihlnk flt. For charitable reason$ they may accumulale any part ol in¢ome as permitled by law. The objects ar6 prfmarily lor the support ol drug or akohol rehabllltallon an11 mèdlcAI research charil•8. Althouoh the Foundation doe$ not provide servic8s 1cl1Y to these charities, the Truslaès are ¢onf+dent that tho charities provlde a skJnlllcant bgnefit to the Indlvkdual ben8flclaritss concerned through thair xrutiny ol projects prior lo providing giant funding and thrpugh follow up di6cussions th tho$0 charitles suppDrt6d. The Trusl¢t$ conflrm thal they hav8 referrèd to the guidance conl8ln$d wbthln the Chatlty Commlsslon general guldanca on publlc benefll when revl8wlrwJ the Foundallon's aims ¢bjective8 and in planning futur8 activities and seniffj the (S)nation8 poIY lor lh8 y8ar. Ouring the year th• Trusi8?s made grants lo other ¢h8rill•$ at their dlscrellon lolAlllng £1e3,15012022.' £209,500). as delailed In Note 4 to thg accounts. These Chari•9 are primarily involvecj In supporting organisatlons thot help ind5UdIS and thelr familie8 recover froryb problems related to drug and alcohol addlciion. The Charlty has various pledges for unresiri¢i$d donatlon5 as dlselosgd wthin Note 12. At S Aprll 2023 the balance ol funds pwed r8malnlno PaYae tolalled £55,00012022.. £96,0001. At the year Ihe total Fund was valuad at £6.428.205.27 agalnst £6.744,241.85 in 2022. Th8 Imièstment strategy Is set by the Trustees and reviewed annually. In so dolng they have rngard to the Sncome requiremont¥, risk prof51e and their investment rnanagers, vlèw of rnarkel prospeus In thè m9diurn temi. The Trusioe$ a(klitionally slrive to ensure that investments are apprDpriate having regard lor the Charitys oblectives by avo1ng invpstmenls connected with cDmpanies maklno morè than 10% of their profits Irom tobacco and alcohol. P8ge 2
THE TFIUSTEES OF THE MACKIE FOUNDATION TRUSTEES. REPOFIT FOR THE YEWI ENDED 5 APRIL 2023 It18 th& ol ihe Tnjslws lo malntaln a balarrA b8tween investmenrs lor capital growth and incorne generation aThJ to tnaintaln cash lurKl$ sullicient to lund anticipated charitable donations ovèr th8 comiry year. Reserves availÈblè lor distribution total £80,722.29 12022- £88,964.08) enctsmpassing luThJs Th)1 maintained in imstm8ntS, the Trustees ¢x)nslder thls reBsonatrAe to lund future donatlons. The Trustegs, with the ald of thelr Investment rranaggrs. malntaln a regular vlew over Ihe malor strateglc, Inv&stmenl and op9raliona rlsks that tho Foundation laces In oriler that, wher8vèr possit4g. such risks are Identlfle(l steps takan trJ18sson lhasa risks. Trustoes Rem n lon The TruBteeB receive no remunerallon lor Ihgir sgtwtos as Trust. Th8 Trustees are responslble lor preparlng an Annual Report Financi Statements In accordanc8 wlth applieablè law and Unlted Klnodom Accountlng Standards Iunlted n9CM Generally Ace&pted Ac¢ountlng Pra¢tlcel. The Law appl*abl& to Charfties In England and Wales requlre5 the Truste88 to prepare financial slalgrn8nt8 lor each Ilnancial year which givg a true and lair vlow ol the statè ol allalrs ol ihe FouNlallon and ol thg Intnming rèsour¢è8 and appllc&tlon of re8011rc8s ol th8 Foundatlon lor thal p8rlod. In prepadng such ffinanc1 8tatorngnts, the Tru8tè68 ar8 requbred to: Sglect 8uliable a¢untIng pollcies and apply thern consistently; observe the methods and principles in the Charilla$' SORP., mak& judggmants and astlmales that are reasonable and prudent., State whether applIcae accounting 8tandwfJs 8nd s1gtem8nts ol recommended pracllce have been lollowed,. prepare the financial stal8ment$ on the ooing conc8m basis unless Is InADproprial& to prg8um8 that tha Trust will contlnue Ils aclbvlty. Th6 Trustees arg re$kK)nslblo lor kewng sulllciènt accounting iecords whlch d15close wlth r8a50nable accuracy the linanclal position ol the Foundation and enatle them to ensur& that the IlnancSd statements comply %yith the Charities Act 2011, The Charity (Accounts aThJ Reports) Regulation$ 2008 And the Provisions of the Trust Deed. They arn also r8$ponslblg lor safeguardlng Ihe assets of the Foundailon and lor tskiTrJ reasonable Steps lor the yevenlion and detoctlon ol fraud and other irr8gularitles. Slon•d on beh•lf ol Ihe Trustses A Smlth Dote Pagè 3
THE TRUSTEES OF THE MACKIE FOUNDATION ACCOUNTS FOA THE YEAR ENDED 5 APRIL 21Y23 In nd ner's Re ort to theTru ol The Mackle Foundati I report to the trusteBS on my examination ol the accounts ol The Mackie Foundation for Ihe year ended 5 April 2023. which are sel out on pages 5 to 13. sandb• I Ir As the charity trustees ol The Mackie Foundation you are resF¥Jnsiblg for the preparallon ol thè ac¢ounts In accordance wth the requirements of the Charities Act 2011 Iihe Charities Acll. I rwrt in respect ol my gxamlnalion ol the Tnjslees. accoun15 carrled out under Section 145 01 the 2011 Act and in Calg oul my examinallon I have followed all the aple&e Dlrectlons gwen by the Chwily Commission undor Section 14515llb} of the 2011 Act. In I have compleled my examination. I conlim that no material mallers have come to my allenlion Sn CCnnectlon with the examinalSon giving me cause lo belSeve Ihal in, any material respect.. accounting records were not kept in resp6¢1 ol the Trust a8 requlred ty 8eGt4on 130 01 the Charltie$ Act,. or the accounts do not accord wllh those rKords', or the accounts do not ¢omply with the appllcabl8 r&qulTements ¢oncernSng the form and conlonl of accounts sel out In th¢ Chariti8s IAccounls and Reports) Regulallons 2008 other than any requirement thai th¢ accounts glv8 a Irue and lalr. vlew which Is nol a matter consld&r8d a$ part ol an independent axaminalion. I have no concern8 and have come across no other matters in connection wlth the examination to which attenilon should be drawn In this report In orcr to enable a WQPgT underslandlng ol the accounts io be reached. Name.. 0711212023 Dale E Smlth ACA Humphroy & Co Chartered Accountants 7-9 Th8 Avenue Eastlx*ume East Sussex BN21 3YA Page 4
THE TRUSTEES OF THE MACKIE FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 5 APRIL 2023 Unreglrlclod lunds Not• 2023 2022 INCOMING RESOURCES Investment Income Oulslanding lax roligl Interest on lax reliel reoelved 181,876.83 1.662.75 181,876.83 1,662.75 170.293.28 1,646.11 17.88 TOTAL INCOMING RESOURCES 183,539.58 183,539.58 171,957.25 RESOURCES EXPENDED Co•t4 of gonornung fundg Invèstmènt managemenl1888 20,996.44 20,9%.44 23,025.17 Ch•rllabl• •ctlvltl•• Donations 183,150.00 163,150.00 209.500.00 Support co8t• Legal1888 Accountancy fees Bank charges Tru$t99 *xpenses 14 22.045.20 3,840.00 44.00 256.92 22,Q45,20 3,840.00 44.00 258.92 17,328 60 4,620.00 110,00 13 TOTAL RESOURCES EXPENDEO 210,332.56 210,332.56 254.583.77 MET (OUTGOING) RESQURCES BEFORE OThER RECOGMISED GAINSIILOSSESI 126,792.981 126,792.981 182.626.521 OThER RECOGNISED GAINSIILOSSESI Gainslllo88esl on investments hgld lor chariiabl8 Use (289,243.601 (289,243.601 310,488.58 NET MOVEMENT IN FUMDS (316.036.581 <316,036.581 227.862.08 TOTAL FUNDS brought fonvard at 6 Aprll 2022 6.744,241.85 6,744,241.85 6,516.379.79 TOTAL FUNDS corrled lorw•rd •1 S Aprll 2023 6,428,205.27 6,428,205.27 6.744,241.85 The notes on pages 7 10 13 lomi part ol these accounts. Page 5
THE TRUSTEES OF THE MACKIE FOUNDATION BALANCE SHEET AS AT S APRIL a123 Unregtrictèd fund• Nots 2022 FIXED ASSErs Investments 6.347.482.98 8,347,482.98 8,670,277.77 6,347,482.98 6,347,482.98 6.670,277.77 CURRENT ASSETS Cash at bank Debtcrf$ 143,162.38 1,662.75 143,162.38 1.662.75 178.570 01 1,646.11 144.825.13 144,825.13 180,216.12 CURRENT LIABILITIES Credltors-. amount8 falli duts wllhin one year 144,102.841 144,102.841 191,252.041 NET CURAENT ASSETS 100,722.29 100,722.29 88,964.08 LONG TERM LIABILMES Gredltors.. amounts lalllw due after one year 10 iÈo.000.001 120,OCIJ.001 115,(M)O.coi TOTAL A88ETS LESS CURREIIT LIABIUTIES 6,428,205.27 6.428,205.27 6,744.241.85 FUNDS OF THE CHAFIITY UNRESThICTED FUNDS 6,428,205.27 6,428,205.27 6.744,241.85 Thè notes on paogs 710 13 lorm part of these a¢unts. Approved on beh•ll of the Tru•tee• by:. on A Smllh P8gè 6
THE TRUSTEES OF THE MACKIE FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2023 1. AcCOUTr1NG POLICIES 1.1 Charlty Inforniatlon The Mackle Foundation was established under the terms of the Declaratlon of Tiusl Deed dated 19 September 1990, as amended by Scheme dated 29 Octct*r 2015 and is a Charfty rggistered In England and W9S (Charlty numbgr 1¢)006761. 1.2 Ao¢ountlng Conventlon Thg Financial Stalomenls have been prepared in accordanc¢ vrith Aeeountlng and Reporting by Charities: Statemenl ol Recommended Practice (second edition) a4plicable lo charities prgparlng their accounts In accordancg with tho Financial Rèportlng Standard 102 lelleclive 1 January 20191, the Charities Act 2011 and applicable regulations. Tho Charity is a public benefll entity as defined by FAS 102. To ensure that the accounts show a Iruo and fair view, the Trust886 have not compligd lully with th8 Charlties (Accounts and Reports) Regulations 2008 as those rglor sp¢cilically lo the prevSou8 2005 SORP and have not be&n upjaled lo rellecl the changes in legislation lo Ihg FRS102 SORP. Th8 Financial Sialemenls are prepared in slerllNJ, whlch Is the function currency ol the Charity. Thg Finan¢ial Slat¢m6nls have been prepared under Ihe historical ¢osi conv8ntion as modrtied by the Itxluslon of Invgsimenls al mark61 value. 1.3 Golng Concern Al the limè ol aFprovlng the Accounts, th8 Tru51ees havo a reasonabl¢ èxpeclatlon that Ihe Charity has adgquat• resources to continue In operalSonal existence lor Ihe forgseeable futuro. Thus the Trustees continue lo adopt the golng concern basis ol attounllng In preparing the linanclal slalernonts. 1.4 Investment Income All incom8 is recognlsgd onGe the Charity has enlillemenl lo the income, It Is probable thai the incom& will be received and the amount ol income Teceivable can be measured reliably. Investment Income Is accounted lor in Ihe period in which the Charity is enlltled lo receipt, there is suflicienl eertainty ol Teceipt and so11 Is probable that the income will be receNBd, and the amount ol income receivable can be measured reliably. The Charity is a registered Charty and therefore is not liablg lor incomg tax or COfPOTation tax on income derived from its charilablg activilios, a5 11 falls wthin the various exemptions available to registered charities. Page 7
THE TRUSTEES OF THE MACKIE FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2023 1.5 Resour$ Expendgd Exponditure is recognlsed on an accrual basls as a liability is incurred. Costs of generating lunds comprfse the Inveslmgnl Managers. costs associated th the management ol the inveslmenl portfolKs in accordance with Ihe strategy sel by thè Truslee5. Grants payable are payments made lo third parti88 In the lurtheranc? ol the charltablè objects ol the Trust. In the case ol an Unconditnal grant offer Ihls is accrued once the recipient has been notified ol the grant award. The notilicalion glves the recipient a reasonable expectation that they wlll receive tha one year or multi-year grant. Grants awards Ihal are Subje lo the recipient fulfilling performance conditions are only acerued when the reclplent has been nolilted ol the orant and any remainln9 unlulllllgd Condrtions attachlng to that grant are outside ol the Gonlrol ol the Trusi. Prow$ion5 for oranls ar8 made when th8 inlenllon lo mak& a grant has been communlcaled lo Ihe reaplent bLrt thore is uncertalnty as lo the timing ol the grant or the amount ol grant payabla. A provislon for a mulll-year grant Is recognlsed al118 presenl value where sèttlement is due over mor8 than one year from the dale ol the award, there are no unfulfilled pertormance conditions urKJer the control of the Trust that would permll the Trust lo avold maklng the lulure paymenllsl, 8&ttlement is probable, and the effect ol dSscounllng is material. The dlscounl iale used is the rale offered on government bonds (Gilts) for a comm¢n$urale or slmllar time perbd oll•rod In Ihe year In which the grant award is mad8. Goveman¢• costs include Iho$g ¢051s associated wllh rneeting the conslilulional and Staiulory requlremenls of the Charity and Include the ac¢ountancy lees and legal ¢o$1s linked lo straleglc managèm•ni ol Ihe Charity. 1.6 Flxed Aslot Inv••lm•nts Inveslm¢nls are Initially recogni88d at ihelr Iransacllon value and subsequently measured by their market value as al lh& Balance Sheet dale. Listed Investments are slated at lh¢ mid price on the London Stock Exchange and th& bld prlcos provlded by ihe Fund Managers lor unli tru$1 holdings. Galns and10$sgs on investment assets are ¢r8di1gd, or debI18d, lo the Sialgmenl of Flnancial Adivllles in the year in whlch they anse. Page 8
THE TRUSTEES OF THE MACKIE FOUNDATION 140TES TO THE ACCOUNTS FOR THE YEAR ENDED S APRIL 2023 1.7 Fund Stru¢ture The Charity holds unrestrict8d income funds. Unresldcted Income funds comprise tlSe funds whlch the Tru8t8es are free lo use for any prye in lurtherance of the charttable objects. 1.8 Fln•nclal In#lrufflent$ The Charlty has elected lo apply the provlsions ol Section 11 'Baslo Flnanclal Instruments, and Sectk)n 12 '0iher Financlal Instrument Issues. ol FRS 102 to all ol ils financial Inslruments. Financi inslrumgnls are r¢¢ogni$6d in the Chartys Balance Sheel when th8 Chartty become8 party lo the contractu provisions ol the inslrum•nt. Financld asB&ts and liabi1rt188 are ollsel, wlth the nel amounts pr&Sont in the flnancial stslemenls, when there is a legally enlorceable right lo sel oll the recognised amounts and thero is an Inlenilon to 8ettK9 on a nel basis or lo rea1ise the asset and 59ttb Ihg liability $imultanaously. FlnAncl&l Assets Basr financial ass8ls, which include debtors and cash and bank balan¢8$, are Inrtlally measured al Iransa¢tion pricg including transaction costs and are subsequently carried al amorts'sed cost uslno the effecte inlerg$1 method unles5 the arrangement constitutes a financlng Iransaclion, where the Iran$a¢tSon Is rneasured al the present value ol the lulure receipts dlscounled al a market rale ol inleresl. Financial assets cla8sili&J as recelvable within one year are not am¢)tIsgd. Fln•nclal Ll•bllltl Basic linanclal Ilabllllies, including creditors and bank loans are InSilally r¢¢ognls8d al transaction price unless tho arranggmenl constltutes a financing IransaclSon, where the debt instrument is measured al the present valug 01 the lulurg payThenls dlscount8d at a market rale ol Snl8resl. Flnanclal liabilitios ¢lassilied as paya8 within one year ar8 not amortlsgd. Debt Instruments are sub5equenUy carrled al amortlsed cost, using the ellectSve inlgro$1 rat6 method. 1.9 Crltlc•l accountlng èjtlmatss And ludgements In the appllcalion ol the Charlly's accounting poli¢ies. Ihe Trustees are required lo make judgeTnenls, eslimales and assumplSons about the carrying amount ol assets and liabilities that are not readily apparent from other sour¢ès. The esilmales and associated assumplSons are based on historical experSence and other factors that are con$id&rod lo b8 relevant. Actual resullg may dlller from Ih&s• 6Siimate$. The estimates and underfySng assumptions are revi8w¢d on an onoolng ba8is. Revislons lo aCUntIng estimates are recognlsed in the perlod In whlch the 8slimate is revised where the revision allects only that period. or in the period ol the revision and futu periods where the revision allecls bolh current and future periods. In the year ended 5 April 2023 Ihe Truslg9s consider that there were no critical accounting estimates and judgements arising that require disclosur9. Paog 9
THETRUSTEes OF THE MACKIE FOUNDATION NOTES TOTHE ACCOUNTS FOR ThE YEAA ENDED 5 APRIL 2WJ 2022 2. INVE TMENT NCOME Investmem Irorne ¥IpPdI I 17T.564.92 166.614.78 & G CharitrKsThl Intefesl Appgndlx 1 959.30 B50.70 M & G Charrfund Dlthnd Appendlx 1 3.148.29 2,827. Bank Int¢reBt 204.32 t 181.878.83 170.293.28 NINV Revaluation ol Investments 1296.985.75 158,365.781 GalnllLoBsI on Sale ol Inve8tment$ APndIX 1 7.742.15 368,854.36 £ (289,243.60 310,488.58 4. Don•ll Macrnlllan Canc8r Supwrt 261017 30,000.00 30.000. Wincanton Community Vèniur& 10e0719 10,0.00 St Mungo Communlty Hou$lro ABsoclallon 1149085 35,000.00 The Forward Trust 1001701 21.900.00 7.500.00 Bèihany Chrfstlan Trust 13.750.LY) 45,000.00 Pbshing Change 1164rx11 56,OCiI.th) The DABh Charity 1127126 40.OCrf).00 HO UK 1044475 I,o(KJ.00 SlaIrIe1dS Crypt Trust 1075947 60,IXIO.¢)O 10,000.00 The Gure ParfKinson's Trust 1111818 10,000.00 The National Assoclatlon lor Ghiltjren Of Al¢ohollc6 1009143 2.500.00 £ 163.150.00 The above grants were provlded lo Institu0. Page10
THE TRUSTEES OF THE MACKIE FOUNDATION NOTESTOTHE ACCOUNTS FOFI THE YEAR ENDED 5 APAIL 2tr23 Not• 2023 . INDEPENDEPIT EXAMINER RE NERATI Durlng iho year the Indepetxlenl Examlner recelved remuneration IL¥ providlng the txlow services.. Examinati] ol the accounts 1.500.00 1,500. Other Ilnancld 8eN*es 2.340.00 3.120.00 3.840.00 4 620.00 ED Usted Investment8 £ 6 347 482.98 £ 6 670 277.77 UK Equlllgs and Un51 Twsis Fixed Inleresl Securities argeas Equltles Global Funds Other Inve$lmgnls £ 2,439.$89.59 £ 459,417.31 £ B17,642.51 £ 2,353,199.64 £ 277 633.93 £ 2.896.550.94 £ 606,099.60 £ 701,906.74 £ 2,367,377.40 £ 298 343.09 Flxad Asut Inv•Jtm•nt• R•TMlu•d Investments are Included on the Balanc8 Sheat at thalr markttt value at the end ol thé Ilnanclal Llsted Investments aro $1818d al Ihg mkl price on tho London Stock Exchangg and trg bld prlces provided by the Fund Managgrs lor unll trust holdlngs. Thg hislorlcal cost of th& fixed ass&1 Inveslmgnts Ss £5,537,604.7112022 .' £5,563,413.75) m9m•nt In Flx•d AM•1 Inv••trn8nt• Cofjt or v•luallon At S April 2022 A{1dlOn$ Valuaiion changes DSpo8$ 6,670,277.77 360,322.49 (289,243.601 (393.873.681 6,355,895.98 1,147,382.22 310,488.58 11,143,489.011 Al 5 Aprll 20¥J 6,347,482.98 6.670,277. 7. CASH AT BANK C Hoarg & Co 60,800.97 112,076.00 Ruffer LLP C8V't8J Attovnl 0.08 Br(h)kB MacDondd Capital Account 54,208.92 42,503.23 8rcKJks MacDonald Income Account 28.152.49 23..72 £ 143.162.38 178,570.01 Pag811
THE TFIUSTEES OF THE MACKIE FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED S APAIL 2023 8. DEBTOR8 Tax reclaim on net investments 1.662.75 1,646.11 1,662.75 1,646.11 Fundlng commStrn•fttg du• In und•r ono ymr 35,000.00 81,CK)O.00 AccTulll8 Investrnent Managèr Ye98 Accountancy and examlnatlon serA8 5.262.84 3.840.00 9,102.84 5,632.04 4.620.00 10,252.04 44 102.84 91252.04 REDI Fundlng commltmènt• duo aft•r on• y••r 20.000.00 15,000.00 20,000.00 15,000.00 Memr Carrying knount of Flnon¢l•l AM•t• Debt Instruments rnea5ur8d at amortised cost Measured at falr value through slatemenl ot IlnwKlal activitie5 1.662.75 £ 6 347 482.98 1,646.11 e 6 670 277.77 Carrylng Amount ol Flnan¢l•l Ll•bllblle• Measurod al amortlsts)J cost 252.04 Paoe 12
THE TRUSTEES OF THE MACKIE FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2023 12. FUNDING COMMITMENTS Spit811Seld5 Crypt Trust In June 2022 the Charty en18r8d Into a funding coMmmen1 lo provide a donatr'on of £60.0 payab In 9qual quarteily payrnents of £5.000 to Spilalflelds Crypt Trust comrn8ncing in JU 2022. A provision lor the £60,000 has been recogni8ed durlng the year ended 5 April 2023, At 5 April 2023 the Gh8rtty £20,000 10 Sphallields Crypt Tru81 wllh £40,000 payable over the r8maining term of th8 agreerngnl. A balanc8 of £20,000 is recoonised wilhin current fundlng comrnilm8nls and £20.000 rtcogniseé within those du8 arter one yeai. Hebion Trusl In April 2019 the Charty ont818d inl0 a fundlng commllm•nt to prov? a dDnaik)n of £18.000 per annurn lo Hebron Trust for lour years. Tho lourth and linal eonlrfbuknon was paKJ on 5 May 2022. At 5 April 2023 th8 Charlty had pald £72,oix> and therefore the commitment has been fulfllled. Pushing Change In Apdl 2021 th8 Charity onlerod Into a commitment lo provid8 unr8Stricl8d donAlions of £28,000 per annum to Pu8hing Ch8ngB for Iwo years. The second and fIn Conlrlbution was paid Dn 5 May 2022. At 5 Aprll 2023 the Charity had paid e56,000 and therefore the commllmenl has been fulllll•d. The Dash Charty In Apdl 2021 Ihe Charlty comrnitted lo prodIng unresiricted donatlon8 of £20,000 per annurn lo Th8 Dash Charfly for h¥0 year8. The second and final conlributlDn was pak1 on 14 Junfr 2022. At 5 Awll 2023 the Chariiy had paid £40,000 and Iherdoo th• ¢ommiirn•nt has been fullS118(J. Balhany Chrislian Tiust In Aprtl 2021 Ihe ChaAty onloffjd Into a Commment to provkle unrestilcled donatlons of £15,OtKs p•r annum lor Ihr80 ars lo the Bethany ChrlsliAn Trust. Al the year end £30,000 had been paid and £15,000 18 payable to the Charity. TEE AEMUNE ATI N AND EXPENSES The Tru81ees rec8lv8d no rèmunarakn'on or bano1it8 In the year12022.' nlll. One Trusteo had Ih•ir 9xpenS met by the Charity amounllng to £256.92, these expenses related 10 travèl on Charhy related matters In the year12022.' nlll. 14. RELATED PARTY TRAN M8 Flona A Smfth, Tru8tee, Is a Partner al ForstgrB LLP WIN) hav8 Provi 18gal s8tvlc96, lolalling £22.045.2012022.. £17,328,801 lo th8 Charity. No ban¢ were owéd to Forsl•rs LLP At Ihe year end. P898 13
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