The McBride Charitable Trust
Annual Report and Accounts
Registered charity number 1059117
30June 2024

CONTENTS
Trust Inforrnation
Annual Report
Statement of Trustees, Responsibilities
Statement of Financial Activities
Statement of Assets and Liabilities
Page 2

TRUST INFORMATION
Charity Number:
1059117
Trustees..
Jane Cronin, Chairperson
Alex Brown, Trustee
Amy Barlow, Trustee
Prlnclpal Address:
c/0 McBride plc
Middleton Wav
Middleton
Manchester
M244DP
Bankers:
The Co-operative Bank
l Balloon Street
Manchester
M44BE
Independent Examiners:
Chadwick & Company (Manchester) Limited
Chartered Accountants
Statutory Auditors
Capital House
272 Manchester Road
Droylsden
Manchester M43 6PW
Page 3

ANNUAL REPORT
The Trustees present their annual report and financial statements for the year ended 30 June 2024.
The accounts have been prepared in accordance with the accounting policies set out in note I to the accounts
and comply wlth the charit¢s governing document. the Charities Act 2022 and "Accounting and Reporting by
Charltles: Statement of Recommended Practice applicable to charltles preparing their accounts in accordance
with the Flnancial Reporting Stsndard applicable in the UK and Republic of Ireland (FR5 1021 (effective l Jan
2019)".
The McBride Charltable Trust Is constituted by Deed of Trust and Is registered charlty, number 1059117. Its
address Is Middleton Way. Middleton. Manchester, M24 4DP. The Trust was established by Declaration of Trust
on 5 July 1995 and a Deed of Varlation on 16 October 1996.
The objectives of the charity are:
to provide donatlons to charitable bodies as detemlned by the Trustees and
to provide grants for the advancement of educatlon and learnin8 of resldents of particular areas in the
United Klngdom and Europe. Includin& but not exclusively, person5 or dependants who a￿ or who
have been employees of McBride plc and any of its subsidlary undertakln8S.
The trust has contlnued in its aim to dlsburse grants and donations to Indlvlduals and other charities or causes
In accordance with the Deed of Trust. Speclflcally. the scheme to support the sons and daughter5 of McBride
employees in full tlme educatlon beyond 18 years has continued. Thls scheme has alternated over 8 nltmber of
yea15 between support in the UK and support In Continental Europe {CEI.
To assist the Trust and ensure the cost of transactSons are not passed on to Indlvidual Erant re¢lplents, the
5ponsorlng Company, McBrlde plc, assists wlth the transfer of funds from the Charitable Trust In the UK to
reclpients in Contlnental Europe.
In 2023-24 8rants were awarded as follows;
Across 8elgium, France, Italy, Spain and Luxembourg there were 45 awards of É215 each maklng a
total payment of £9,675.
In Poland there were 9 awards of PLN 1,000 each makn'ng a total payment of PLN 9,000.
In Denmark there were 6 awards of DKK 1,600 each making a total payment of DKK 9,600,
In the UK there were 7 awards of £185 each making up a total payment of £1,295,
The total of the 2023124 grants is shown in the accounts as £12.411
In the reportlng year there were nil donations made to charities12023: nil).
The Deed of Trust prohlblts a Trustee from acqulrln8 any interest In property belon8ln8 to the Charity, recelvlng
remuneratlon and being interested In any contract entered into by the Trustees. They are also specifically
required to either sell or let any land belon8lng to the Charity whlch is not requlred to be retained or occupled
in furtheran￿ of the objects. Upon grantin8 of any lease the Trustees shall ensure that the tenant executes a
counterpart lease. In addition, every lease shall contain a covenant on the part of the tenant for the payment
of rent and a provision for re-entry on non-payment ofthe rent or non-performance of the covenants contained
in the lease. There are no other restrictions or spedfic investment powers contained in the Deed of Trust,
In accordance with the obligations contained the in the Charitles Act 1993 the Trustees are responsible for
keeping accounting records for the Charity, the preparation of annual statements of account and preparation
ofthe annual report. The annual report and 5t3tement ofaccount of the Charity have been transmitted to the
CommSssloners.
Page 4

ANNUAL REPORT (continued)
Durlng the perlod 5 July 1995 to 30 June 1996 the Trustees purchased an option over 15,000 ordinary shares of
McBride plcfor £15.000, financed by a bank loan. On exercise, the options were converted into 339,662 ordinary
shares of McBride plc. These are still held at 30June 2024. There was E90,000 of CEO income received in the
year from McBride plc. No dlvldend income was received in the reporting year12023: £nil).
The Charity received a number of intangible benefits during the year. These included accountancy and
administration services by employees of McBride plc. All services and advice were provided wlth no charge. The
Trust and the Trustees would like to thank them for all their kind help and assIstan￿.
On behalf of the Board of Trustees,
Jane Cronln
Chalrperson
10 December 2025
Page 5

STATEMENT OF TRUSTEES. RESPONSIBILITIES
The Charities Act requires the Trustees to prepa￿ attounts and statements for each financial year which give a
true and falr vlew of the state of èffairs of the Charitable Trust at the end of the year and of the receipts and
payments for that year. In preparing the account and statement. the Trustees are required to:
select suitable accounting policies and then apply them conslstently:
make judgements and estimates that are reasonable and prudent;
State whether applicable accountin8 stsndards have been followed, subject to any materlal departures
dlsclosed and explained in the financial statements: and
prepa￿ the flnancial statements on the going concern basls unless It Is Inapproprlate to assume that the
Charitable Trust will not contlnue to function
The Trustees are responsible for keeping proper accounting records which dlsclose wlth reasonable accuracy at
any tlme the financial p051tion of the Charitable Trust and to enable them to ensure that the Statement and
account comply with the Charlties Act. They have general re5pon5ibility for takin8 such Steps as are reasonably
open to them to Safeguard the a55ets of the Charitable Trust and to prevent and detect fraud and other
Irre8ularltles,
No Trustees lor any persons connected with them) recelved any renumeration or expenses during the year.
Page 6

THE MCBRIDE CHARITABLE TRUST
Statement of Financial Activlties
for the period ended 30 June 2024
Perlod ended
30 June 2024
Perlod ended
30 June 2023
GENERAL PURPOSES FUND
INCOME
CEO fundlng
Total receipts
90,000
90,000
EXPENDITURE
Direct Charltable Expenditure..
2023 Educatlonal Grants- accrued
2024 Educatlonal Grants- accrued
Donation5
(12,967)
(12,411)
Other Expendlture..
Independent examination fee
National Insurance on grants adjustment prDryears
Total payments
1720}
3,772
19,359)
(12,967)
Net Income / (expense) for the year before 8alns and
losses on investments
80.641
{12,967)
Net gains / (losses) on investments
Net Income / (expense) for the year
380,421
37,363
461,062
24,396
Funds balance brought forward
73,100
48,704
Funds balance carrled forward
534,162
73,100
Page 7

THE Mc8RIDE CHARITABLE TRUST
Statement of Assets and Liabllltles
ot 30June 2024
30 June 2024
30 June 2023
GENERAL PURPOSES FUND
MONETARY ASSETS
Bank balance
128,718
38,718
NON-MONETARY ASSErs
Llsted Investments at market value:
339,662 ordlnary shares in McBrlde plc @
138.5p
(prior year: 26.5pl (Cost £15,000)
TOTAL ASSErs
470,432
599,150
90,011
128,729
LIABILITIES
Accruals
164.9881
{55,6291
TOTAL LIABILITIES
(64,9881
{55,6291
TOTAL NET ASSETS
534,162
73,100
Approved by the Trustees on 10 December 2025
Signed on Its behalf by..
Jane Cronln
Chatrperson
10 De￿mber 2025
Page 8

NOTES TO THE ACCOUNTS
1.1 Accountlng conventlon
The account5 have been prepared in accordance with FRS 102 Yhe Finantial Reporting Standard applicable in
the UK and Ireland" I"FRS 102"}. and Accounting and Reportlng by Charities: Statement of Recommended
Practice applicable to charities preparing thelr accounts in accordance wlth the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021" las amended for accounting periods commencing from
l January 20191. The Charity is a Public Benefit Entity as defined by FRS 102.
The Charity has taken advantage of the provisions In the SORP for charitles applying FRS 102 Update Bulletin I
not to prepare a Statement of Cash Flows.
The financial statements have been prepared In sterlin& which Is the functional currency of the charity.
Monetary amounts in these fin3nclal statements are rounded to the nearest £.
The flnanclal statements are prepared under the historlcal cost convention. The prlnclpal accountlng pollcles
adopted are set out below.
1.2 Golng concern
At the tlmo of approving the financlal statements, the Trustees have a reasonable expectatlon that the Charlty
has adequate resources to continue in operational existen￿ for foreseeable future. Thus the Trustees
continue to adopt the Boing concern basis of ac¢ountln8 in preparln8 the financial statements.
1.3 Charltable funds
Unrestricted funds are available for use at the dlscretlon of the Trustees in furtherance of their charltable
objectlves.
1.4 Incomlng resources
Income is recognlsed when the Chèrlty is legally entltled to it after any performance condltions have been met,
the amounts can be measured rellably, and it is probable that Income wlll be received.
Cash donations are recognlsed on re¢elpt. Other donatlon5 are recoBnised On￿ the Charlty has been notlfled
of the donation, unless performance condltlons require deferral of the amount. Income tax recoverable Sn
relation to donations recelved under GIft￿d or deeds of covenant Is reco8nlsed at the time of the donation.
Legacles are reco8nlsed on recelpt or otherwlse If the Charity has been notified of an impendlng dlstribution.
the amount is known, and receipt is expected. If the amount Is not known, the legacy is treated as a contln8ent
asset
1.5 Expendlture Incurred
Expenditure is accounted for on an attruals basis classlfled under headlngs that aggregate costs related to the
category. Where costs cannot be directly attributed to particular
headings they have been allocated to activltles on a basis conslstent with the use of resour￿$.
1.6 Flxed a55et Investments
Fixed asset investments are initially measured at transactlon price excluding transaction costs, and are
subsequently measured at fair value at each reporting date. Changes In fair value are recognised In net
Income/{expenditurel for the year. Transaction c05t5 are expensed as incurred.
1.7 Cash and cash equlvalents
Cash and cash equivalents include cash In hand, deposits held at call with banks, other short-term liquid
investments wlth ori8inal maturltles or three months or less, and bank overdrafts. Bank overdrafts are shown
with borrowings in current liabilitles.
Page 9

THE MCBRIDE CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE MCBRIDE CHARITABLE TRUST
I report to the trustees on my examination of the financial statements of The McBrlde Charitable Trust (the
trust) for th8 y&ar ended 30 June 2024.
Responslbllltles and basls of report
As th8 trustees of the trust you are responsible for the preparation of the financial statements in a￿rdance
with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the trust's financial statements carried out under section 145 of the
2011 Act. In carrying out my examination I have followed all the applicable Directions glven by the Charily
Commission under seclion 145{5){b) of the 2011 Act.
Indepènd8nt 8xamlner's statemont
I have completed my examination. I confirm that no matt8rs have come to my attention in connection with the
6xaminalion giving me cause to believe that in any material respect..
accounting records were not kept In respect of the trust as required by section 130 of the 2011 Act. or
the financial statements do not accord with those records, or
Iha financial statem8nts do not comply with the applicable requirements conc8mlng the form and content
of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
Ihat the accounts give a Irue and fair view which is nol a matter considèred as part of an independent
examination.
I have no conc6ms and have come across no other matters in connection with th8 examinatlon to which
attention should be drawn in this report in order to enablè 8 proper underslanding of the financial statements to
b8 reached.
Tracey Connor Bsc (Hons) FCA
Chadwick & Company {Manchester} Limited
Chartered Accountants
Statutory Auditors
Capital House
272 Manchester Road
Droylsden
M43 6PW
Manchester
10-