THE MACKIE FOUNDA TION
UNAUDITED STA TEMENT OFACCOUNTS
FOR YEAR ENDED 5 APRIL 2024

THE TRUSTEES OF
THE MACKIE FOUNDATION
AccouTrifs FOR THE YEAR ENDED 5 ￿f*RIL 2024
PAGE
Legal and Administrative Information
Trustees, Report
Independent Examinevs Report
Statement of Financial Activities
Noles 10 the accounts
7-13
App8ndlx 1

THE TRUSTEES OF
THE MACKIE FOUNDATION
AccouTrifs FOR THE YEAR ENDED 5 APRIL 2024
Founder:
John Mackie as Settlor
Govemlng Document:
Declaration of Trust Deed dated 19 September 1990. as amended
by Scheme dated 29 October 2015
Trusteos:
Fiona Ann Smith
James Cooper Mackie Riggs
Nicholas Robert Lindsay Barton
Charlly Address:
Forsters LLP
22 Baker Street
London
W1U38W
Charlty Reglstratlon No:
1000676
Soll¢llor8:
Forsters LLP as above
Bankers:
C Hoare & Co
37 Fleet Street
London
EC4P 4DQ
Investment Advlsers:
Ruffer LLP
80 Victoria Street
London
sWlE￿L
Brooks MacDonald
21 Lombard Street
London
EC3V 9AH
Independent Examlner:
Emily Smith FCA of Humphrey & Co
Accountsnts:
Humphrey & Co
Chartered Accountants
7- 9 Th8 Avenue
Eastbourne
East Sussex
BN213YA
Page 1

THE TRUSTEES OF
THE MACKIE FOUNDATION
TRUSTEES. REPORT FOR THE YEAR ENDED S APRIL 2024
The Trustees present their Report together with the Accounts of the FoU￿lation for the year ended 5 AprS12024.
The Accounts have been prepared In accordance with the accounllng policies sel out on pages 7 to 9. the Trust
Deed, the Charities Act 2011 and Accounting and Reporting by Charities: Staternenl of Recommended Practice
(second edition) applicable to chariti8s preparing Iheir accounts in accordance with the Financial Reporting
Standard 102 (efl8Ctive 1 January 20191.
Const
tutlon Or
anisatlon Ob
ec
Ives and Actlvl
f r Ihe Publlc B8nefl
The Mackie Foundation was established by a Declaration ol Trust dated 19 September 1990, as amended by
Scheme dated 29 October 2015, and Ss a registered Charity, number 1000676. Original Trustees were John Mackie
(died 20 November 20051, Thora Mary Mackie {dled 23 Decemb8r 20071 John Adrian Watney and Peter Duncan
Inslone (relired 18 April 20181. Mr Watney retired In lavour of Fiona Ann Smith on 17 June 2002. Virginia Leask
Riggs was appoinled on 13 December 2005, she subsequently retired on 16 November 2015. James Cooper
Mackle Riggs was appolnled on 14 November 2011 and Nlcholas Robert Lindsay Barton was appointed on 2
November 2016.
Under the terms ol the Declarailon of Trust, the power of appointing new Trustees is vested in the surviving or
continuing Twstees. Trustees are selected having regard lo both their general exwrience. and their knowledge and
experienc& ol ih8 objects of the Foundation, and any peisonal knowledge ol the existing Trustees. Professional
advice Is available lo new Trusle6s from the exlsting Trust6es lor training purposes regardlng the dutles of a
Trustee.
Th8 Mackiè Foundatlon Is a grant.making Charlty whlch makes donatlons lo other r8glslergd Charltles. The
Twstees ot the Foundation have powers to pay or apply income and capllal ol the Trust Fund lor such charities or
for such Charitable purposes as they think Ilt. For charitable reasons they may accumulate any part of income as
pemiltted by law. The objects are primarily lor the support of drug or alcohol rehabililallon and medical research
charilles. Although the Foundatlon does nol provide 58rvlces directly lo these charities, the Trustees are confident
that the charitie5 provide a slgnSficant benefit to the indivldual bgneficlarles concerned through their scrutiny of
projects prlor to providing grant fundlng and through follow up dlscusslons with those charities supported.
The Truslees conllrm that they have referred to the guldance contained within the Charity CommSssion g8n8ral
guSdanee on public benefit when reviewing the Foundatlon's aims and obje￿0veS and In planning future activltles
and setting the donallons Folicy for the year.
chl
vèments an
rm
nc
Durlng the year thg Tru81ees made grants to other charltlos at th8lr discretion lolalllng £218,95312028: £163,150).
as delailed Sn Nota 4 to the accounts. These charitles are primaroly involved In supporting organisations that help
Individuals and their lamllles recover from problems related lo drug and alcohol addlclion.
Th8 Charlly has various pledges for unrestri¢led donations as disclosed withln Note 12. Al 5 April 2024 the balance
ol lunds pledged remaining payable tolalled £100.00012023.' £55,000).
evlow for thè
At the year end Ihe total Fund was valued at £6,385,019.00 against £6,428,205.27 in 2023.
The investment stralegy is set by the Trustees and revlewed annually. In so doing they have regard to the income
requirements, risk profile and iheir Investment managers, view of market prospects in the medium term. The
Trustees addltionally strive to ensure that investments are appropriate having regard lor the Charity's objectlves by
avoidirwJ investments connected wth companies maklng more than 10Yo ol their prolits Irom tobacco and alcohol.
Page 2

THE TrUSTEES OF
THE MACKIE FOUNDATION
ThUSTEES' REPORT FOR THE YEAR ENDED S APRIL 2024
It is the aim of the Trusteès to maintain a balance betsveen investments for capital growth and income
generation and to maintain cash funds sufficient to fund anticipated charitable donations over the coming
year. Reserves available for distribution total £39,867.31 {2023: £80,722.29) encompassing funds not
maintained in inveslments, the Trustees consider this reasonable to fund future donations.
Rlsk M
na
emen
The Trustees, w￿h thè aid of thelr investment managers, malntain a regular vlew over the major strategic,
investmènt and 0￿rational risks that the Foundallon latss in order that, wherever posslble, such risks are
Identilied and steps tsken lo less8n these risks.
stees A
The Truste8s receSve no remuneratlon for thelr $8rvic88 as Trustees.
Stateme
onslblll
The Trustees are responsible for preparing an Annual Report and Flnancial Slalements In accordance wllh
applicable law and Unll8d Kingdom Accounting Standards IUnlt8d Kingdom Generally Accepted Accounting
Pracllce).
The Law applicable to Charities In England and Wales requires the Trustees to prepare flnancial statements
for each financial year whSch give a true and fwr view of the stale of affaSrs of the Foundation and of tha
incomlng resources and application of resources of the Foundatlon for that perlod.
In pr8paring such financlal Statements, the Trustees are required to:
select sultable accountlng policies and apply them consistently;
observe the methods and prlnclples in the Charities, SORP;
make Judgements and eslimales that are reasonable and prudent.
stale whether applicable accolsnting standards and statemènts ot
recommended practice havè been followed. subject to any departur8s
disclosed and explalned in the linanclal slatements;
prepare the financial statements on the going concem basls unless It
is inapproprlale lo presume that the Trust wlll conllnue ils activlly.
The Trusteès are responslble for keeping SLrtricient accounting records whlch dlsclose wlth reasonable
accuracy the financlal posilion ol the Foundation and enable them lo ensure that the linancSal slatements
comply wlth th8 Charities Act 2011, The cha￿tY (Accounts and Repottsl R8gulations 2008 and the
provisions ol the Trust Deed. They are also responsible lor safeguarding the assets ol the Foundation and
for laking reasonable steps lor the prgV8ntlon and deleclion ol fraud and other Irr8gularities.
Slgned on behalf ot the Trustees
A Sfflilh
Date
Page 3

THE TRUSTEES OF
THE MACKIE FOUNDATION
ACCOUNTS FOR THE YEAR ENDED S APRIL 2024
Inde
endent Examlner's Re
orl to the Trustees of The Mackle Foundation
I report to the Irustees on my examination of the accounts of The Mackie Foundation {the Trust} for the year
ended 5 April 2024. which are set out on pages 5 10 13.
Res
onslbllltles and basls ol re
As Ihe charity trustees of The Mackie Foundalion you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 2011 ('the Act'l.
I report in respect of my examination of the Trustees, accounts carried out under Section 145 of the 2011
Act and in carrying out my examination I have followed all the applicable Directions given by the Charily
Commission under Section 14515)Ib) of Ihe 2011 Act.
Inde
endpnt Fxxminftr,
I have completed my examinalion. I confirm that no material matters have come lo my attention in
connection with the examination giving me cause to believe that in, any material respect:
1)
accounting records ware not kept in respect of the Trust as required by section 130 of the
Charities Acl. or
21 the accounts do not accord wSth those records. or
3)
the accounts do not comply with the applicable requirements concernlng the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a 'lrue and fair, view which is not a matter considered as part
of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to wthich
attention should be drawn in this report in ord8r to enable a proper understanding of the accounts to be
r8ach8d.
Name:
Date
2111112024
E Smlth FCA
Humphrey & Co
Chartered Accountants
7-9 The Avenue
Eastt)ourne
East Sussex
BN213YA
Page 4

THE TRUSTEES OF
THE MACKIE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 5 APRIL 2024
Unrestricted
funds
Note
2024
2023
INCOMING RESOURCES
Investment Income
Outstanding tax relief
186,307.39
1,782.12
186,307.39
1,782.12
181,876.83
1,662.75
TOTAL INCOMING RESOURCES
188,089.51
188,089.51
183.539.58
RESOURCES EXPENDED
Costs of generatlng fund8
Investment management fees
21,651.11
21,651.11
20,996.44
Charllable actlvltles
Donations
218,953.00
218,953.00
163,150.00
Support cos18
Legal fee5
Accountancy fees
Bank charges
Trustee expenses
14
28,891.20
3,840.00
15.49
110.79
28,891.20
3,840.00
15.49
110.79
22,045.20
3,840.00
44.00
256.92
13
TOTAL RESOURCES EXPENDED
273,461.59
273,461.59
210.332.56
NET (OUTGOING) RESOURCES BEFORE
OTHER RECOGNISED GAINSI(LOSSES)
185,372,08} (85,372.08)
126,792.98)
OTHER RECOGNISED GAINSI(LOSSES)
Gainsl(1055es) on investments held for
charitable use
42,185.81
42,185.81
(289,243.60>
NEf MOVEMENT IN FUNDS
143,186.271 143,186.27)
(316,036.58}
TOTAL FUNDS brought fonvard at 6 Aprll 2023
6.428,205.27 6,428,205.27
6.744,241.85
TOTAL FUNDS carrled loNJard al 5 Aprll 2024
6,385,019.00 6,385,019.00
6,428,205.27
The notes on pages 7 to 13 form part ol these accounts.
Page 5

THE TRUSTEES OF
THE MACKIE FOUNDATION
BALANCE SHEET
AS AT 5 APRIL 2024
Unreslricted
lunds
Note
2024
FIXED ASSErs
Investments
6,345,151.69
6,345,151.69
6,347.482.98
6.345,151.69
6,345,151.89
6.347,482.98
CURRETrif ASSETS
cash at bank
Dabtors
152,920.06
1,782.12
152,920.06
1,782.12
143.162.38
1.662.7S
154,702.18
154.702.18
144.825.13
CURRETrif LIA81LITIES
Creditors: amounts falllng du8 wlthln
one year
184,834,871
184,834.87)
144,102.84)
NET CURRENT ASSETS
69,867.31
69,867.31
100,722.29
LONG TERM LIABILITIES
Creditors: amounts falllng due after
one year
10
130,000.IJ)I
130,000.00)
120,000.00)
TOTAL ASSETS LESS CURRENT LIABILITIES
8,385,019.00
6,385,019.00
6.428,205.27
FUNDS OF THE CHARITY
UNRESTRICTED FUNDS
6,385,019.00
6.385,019.00
6.428,205.27
The notes on pages 7 to 13 form part of Ihe5e accounts.
Approved on behall ot the Trustee8 by:"
na A Smlth
Dated:.
Page 6

THE TRUSTEES OF
THE MACKIE FOUNDATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED S APRIL 2024
1. ACCOUNTING POLICIES
1.1 Charily Informatlon
The Mackie Foundation was established und8r the terms of the Declaration of Trust Deed dated 19 September
1990, as amend8d by Scheme dated 29 October 2015 and is a Chariiy registered in England and Wales (Charity
number 1000676).
1.2 Accounllng Conventlon
The Financial Statements have been prepared in accordance wlth Accounting and Reportlng by Charities:
Statement of Recommended Practice (second edilion} applicable to charities preparing their accounts in
accordance wlth the Financial Reporting Standard 102 (eff8clive 1 January 2019}. the Charities Act 2011 and
applicable regulatlons. The Charity is a publlc beneflt entity as defined by FRS 102.
The Accounts have departed Irom the Charities (Accounts and Reports) Regulations 2008 only to the extent
required to provide a true and fair view. This departure has involved following the Statement of Recommended
Practice for charities applying FRS 102 rather than the version of the Statement of Recornmended Practice which
Is referred to in the Regulations bul which has since been withdrawn.
The Financial Statements are prepared in sterling, which is the functional currency of the Charity.
The Financial Statements have been prepared und8r the historical cost convention as modrfied by the inclusion of
Investmenls at market value.
1.3 Golng Concern
At Ihe time of approving the Accounts, th8 Trustees have a reasonable expectation that the Charty has adequate
resources to continue in operational exist8nce for the toreseeable future. Thus the Trustees continue to adopt the
going concern basis of accounting in preparing the financial slatements.
1.4 Incomlng Resources
All income is recognised once the Charity has entitlement to the income, it is probabl8 that the Income will be
received and the amount of Income receivab18 can be measured reliably.
Investment income is accounted for in the period in which the Charity is entitled to r8ceipt. there Is sufficient
cerlainty of receipt and so It Is probable that the income wlll be received, and the amount of income receivable
can be measured reliably.
The Charity is a regislered Charity and therefore is not liable for income tax or corporation tax on income derlved
from ils charitable activities, as il falls within the various exemptions available to registered charities.
Pag8 7

THE TRUSTEES OF
THE MACKIE FOUNDATION
NOTES TO THE Accoufrifs FOR THE YEAR ENDED 5 APRIL 2024
1.5 Resources Expended
Expenditure is recognised on an accrual basis as a liability is incurred.
Costs of generating funds comprise the Investmenl Managers. costs associated with the management of the
investment portlolio in accordance with the strategy set by the Trustees.
Grants payable are payments made to third parties in the furtherance of the charitable objects of the Trust. In the
case of an unconditional grant offer this is accrued once the recipient has been notified of Ihe grant award. The
notification gives the recipient a reasonable expectation that they will receive the one year or multi-year grant.
Grants awards that are subject to th8 recipient fulfilling performance conditions are only accrued when the
recipient has been notified of the grant and any remaining unfulfilled conditions attaching to that grant are outside
of the control of the Trust.
Provisions for grants arg made when thp intp.nlinn In makp. a arani has been communi¢ai¢d to the recipi8nt but
there is uncertainty as to Ihe timing ol the grant or the amount of grant payable.
A provision for a mulli-year grant is recognised at its present value where settlement is due over more than one
year from the date of Ihe award, there are no unfulfilled performance conditions under the control of the Trust that
would permit the Trust to avoid making the fulure paymentlsl, settlement is probable, and the efl8¢t of
discounting Is material. Th8 dlscount rate used is the rate offer8d on government bonds (Gilts) for a
commensurat8 or similar time period offered in the year in whlch th8 grant award is made.
Governance cosls include those costs associated with meeting the constitutional and statutory requirements of
the Charity and include the accountancy fees and legal costs linked to slrategic management of the Charity.
1.6 Flxed Asset Investments
Investments ar8 initially recognised at their transaction value and subsequently measured by their market value
as at the Balance Sheet dale. Listed investments ar8 Stated at Ihe mid price on th8 London Stock Exchange and
the bid prices provided by ihe Fund Managers for unit trust holdings. Gains and losses on investment assets are
crediled, or debited, to the Statement of Financial Activities in the year in which they aris8.
Page 8

THE TRUSTEES OF
THE MACKIE FOUNDATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2024
1.7 Fund Structure
The Charity holds unreslricted income funds. Unrestricted income funds comprise those fund5 which Ihe Trustees
are free to use for any purpose in furtherance of the charitable objects.
1.8 Flnanclal Instruments
The Charty has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 '0ther
Financial Instrument Issues, of FRS 102 lo all of its financial inslruments.
Financial instruments are recognised in the Charitys Balance Sheet when the Charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounls presented in the financial statements, when there
is a legally enforceable right to set off the recognised amounts and there is an intention lo settle on a n81 basis or
to realise the asset and settle the liability simultaneously.
Flnan¢lal Assets
Basic flnancial assets, which Include debtors and cash and bank balances. are initially measured at transaclion
price Including transaction costs and are subsequently carried at amortised cost uslng the effective interest
method unless the arrangement constitutes a financing transaction, where the transaction is measured al the
present value of the future receipts discounted at a market rale of interest. Financial assets classified as
receivable within one year are not amortised.
Flnanclal Llabllltles
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the
arrangement constitutes a financing transaction. where th8 debt instrument is measured at the present value of
the future payments discounted at a market rate of interest. Financlal liabilities classified as payable within one
year are not amortised.
Debt Instruments are subsequently carried at amortlsed cost, using the effectlve Interest rate method.
1.9 Crltlcal aeeountlng estlmaio$ and Judgements
In the application of the Charitys accounting policies, the Trustees are required lo make judgements. eslimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from olher
sources. The estimates and associated assumptions are bas8d on historical experience and other factors thal are
considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates
are recognised in the period in which the estimate is revised where the revision affects only that period, or in the
period of the revision and future periods where the revision affect5 both current and future p8riods.
In the year ended 5 April 2024 the Truste8s consider thal there w8r6 no critical accounting estimat8s and
judgements arising that require disclosure.
Page 9

THE TRUSTEES OF
THE MACKIE FOUNDATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APHIL 2024
Not•
2024
2023
2. INVESTMENT INCOME
Investment Incomp
)pendlx 1
1BO,338.57
177.564.92
M & G Cha￿bOnd Interest
4DpBndlx 1
1,448.00
959.30
M & G Charlfvnd Divld8nd
App8ndlx 1
3,242.54
3,148.29
Bank interest
1,278.28
204.32
£ 186,307.39
181,876.83
3. NET GAINSI
LOSSES
ON INVESTME
R6valuallon of Investments
37,248.35
(296,985.751
Galnl{Lossl on Sale of Investments
Appondlx 1
4,937.46
7.742.15
42,185.81
289,243.601
4. Donatlon
Number
Macmlllan Cancer Support
261017
30,000.00
30,000.00
Tha Neh8mlah Prol8Ct
1058536
90,000.00
St Mungo Communlty Houslng AssoclatSon
114￿85
35,000.00
The Fo￿ard Trust
1001701
21,900.00
Bethany Christlan Trust
1171178
12,500.00
13.750.00
Brynawel Housè Alcohol and Drug Rehabilltatlon Centre
1113952
19,503.00
Row8n Alba
SC036775
10,000.00
Hebron Trust
1020095
40,000.00
Spltalflelds Crypt Trust
107&a47
60,000.00
Hope UK
104447S
2,000.00
Tha Nafjonal Ass￿latIon fDT Chlldren of AlcoholScs
1009143
2.500.(H)
TLC- Talk, Listen, Change
512710
14,950.00
£ 218 953.00
163.150.00
The above grants were provided lo instilulSons.
Pagg10

THE TRUSTEES OF
THE MACKIE FOUNDATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2024
Note
2024
5. INDEPENDENT
XAMINER REMUNERATION
During the year the Independent Examlner received remuneratlon for provldlng the below services:
Examinalion of the accounts
1.500.00
1.500.(K)
Other linancld seNlces
2,340.00
2,340.C
3,840.00
ED ASSET INVE
ME
TS
Listed Investm8nts
£ 6,345,151.69
£ 6.347,482.98
UK Equitles and Unit Trusts
Flxed Inl8resl Sgcurities
Overseas Equiti8S
Gl¢Jbal Funds
Other Investments
£ 2,519.630.32
£ 601,698.93
£ 788,815.27
£ 2,127,947.52
£ 307,059.65
£ 2,439,589.59
£ 459,417.31
£ 817,642.51
£ 2.353.199.64
£ 277.633.93
Flxed Asset Inveslmen18 Revalued
Investments are included on the Balance Sheèt al their market value at th& 8nd of the flnanclal perSod. Llsl8d
investments are staled at the mid price on the London Stock Exchange and the bid prices provided by the Fund
Managers for unlt trust holdings.
The hislorlcal cost of the flx8d assot investments Is £5,498,025.07 {2023 . £5,537,604.71 J
Movement In Flxed Asset Inve8lmen18
Cost or valuatlon
At 5 April 2023
Additlons
Valuation changes
Dlsposals
6,347,482.98
196,328.68
42,185.81
(240,845.78)
6,670.277.77
360,322.49
1289,243.60}
1393,873.68}
At 5 April 2024
6,345,151.69
£ 6,347,482.98
7. CASH AT BANK
C Hoare & Co
88.558.56
60,800.97
Brooks MacDonald Capital Account
38,844.45
54.208.92
Brooks Mactbnald Income Account
25.517.05
28,152.49
£ 152,920.06
£ 143,162.38
Page 11

THE TRUSTEES OF
THE MACKIE FOUNDATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2024
2024
2023
8. DEBTORS
Tax rec1￿M on net investments
1,782.12
1,662.75
1,782.12
1,662.75
EDITORS: am
un
due wlthln
Fundlng commltment8 due In under one year
70,000.00
35,000.00
A¢crual8
Investmant Manager fees
Accountancy and examinatlon services
Leg￿ fees
5,623.67
3.840.00
5,371.20
14,834,87
5.262.84
3,840.00
9,102.84
84.834.87
44,102.84
10.
REDITORS:
mount f Illn
after one
ear
Fundlng comfflltment8 due after one year
30,000.00
20,C￿.00
30,000.00
20.000.00
11. FINANCIAL INSTRUMENT
Carrylng Amount of Flnanclal Asse18
Debt instruments measured at amortlsed cost
Me&8ured at fair value through statement of Ilnanclal actlvities
1,782.12
£ 6,345,151.69
1,662.75
£ 6 347,482.98
Carrylng Jrnount of Flnanclal Llabllllles
Measured at amortlsed cost
£ 114834.87
64 102.84
Page 12

THE TRUSTEES OF
THE MACKIE FOUNDATION
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2024
12. FUNDING COMMITMENTS
Spilallields Crypt Trust
In June 2022 the Charity enlered into a fundlng commitment lo providg a donation of £60,000 payable In equal quarterly
payments of £5,000 lo Spitalfields Crypt Trust commencing In June 2022. AI 5 April 2024 the Charity had paid £40.000 to
Spilallields Crypt Trust with £20,000 payable over the remainino term ol Ihe agreement. A balance of £20,000 ig
recognised within current funding commitments.
Hebron Trust
The Charity entered Into a funding commitment lo provlde a donation of £20,000 per annum for years to Hgbron TrusL
Al the year and £20,000 Is payable to th8 Charity.
B8thany Chrlslian Trust
In April 2021 the Charfty entered into a commitment to provlde unreslricted donations 01 £15,000 per annum lor three
years to the Bethany Christian Trust. The final contribution was pald on 25 April 2023. At the 5 April 2024 the Charity
hadpald £45,CN)O and therefore the commSlment ha8 been fullllled.
The Nehmlah Project
The Charity enlered into a lundlng commitmenl lo providé a donation 01 £30,000 to The Nehmiah Project per annum lor
three yoafs. Al 5 April 2024 the Charity had paSd £30,000 lo The Nehmiah Prolecl wlth £60,000 payable ovar tha
remaining term ol thg agr8emenl. A balance of £30.000 is recognlsed within current fundlng commitments.
. TRUS
NERATION AND EXPE
The Truslees received no rernuneration or benefits in the year {2023'. nill. One Trusl8e had thelr expenses met by Ihe
ChaTity amounllng to £110.79, th888 exp8nses related lo travel and subsistsnc8 on Charlty related matters the year
{2023: £256.92).
ELATED PARTY TRANSAC
Ms Flona A Sfflilh. Trustee, Is a Partn&r at Forsl8rs LLP who have provlded legal $8rvic8S, totalllng £28,891.20 12023:
£22.045.201 k) the Charity. At the yoar end £5,371.20 is owed to Forsters LLP.
Page 13

ij

51
ij

pp 4%8"