REGISTERED CHARITY NUMBER- 1079249
R•
ort olthe Trustèes and
Flnanclal Statements foT the Year Ended 5 A
ril 2024
for
arltable Trust
Dunkley's
Statutory Auditoi
Charteied Accountants
Woodlands Grange
WDodlands Lane
Bradley Stoke
Bristol
BS32 4JY

MPM Charltable Trust
Contents of the Financial Statements
orthe Year Ended 5 A rll 2024
Pag•
Report ot the Trustees
Rtport of iha Indèpendant Audltors
Statemtnt ol Flnanclal Attlvlties
Balance Sheet
Cash Flow Slatem•nt
Not•s to tho Cash Flow Statèmènt
io
Not•$ to th• Flnanclal Stat•m•nts
li to 17
Detalled Statèment of Flnanclal Actlvltles
18

MPM Charitable frust
ort of the Truste
for the Year Ended 5 A
ril 2024
the trLJStees present thelr report wlth the financial st3tements of the charity for the year ended S April 2024. The trustees have adopted
the provisions of Accounting and Reporting by Charities.. Statement ol Recommended Practice applicable to charities preparing their
accounts in 6ccoidance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 (effective I january
20191.
OBJECTIVES AND ACTIVITIES
Oblèctlvès and alm5
The objects of the charity are to support humanitarian causes, many ol which will be connected with relIg￿n based enierprlses,
together with athei deserving causes that the trustees deem appropriate. Provision of water, support for orphans and health educatlon
feature high on the agenda. especially but not exclusively in Africa.
Signlfitant actlvltles
The trustees continue to look for scheme5 that fulfil the tTUSt's objectlves. The trustees meet to di4cu55 applications for donatlons and
to agree the grant5 made by the trust. The grants awarded are for the public benefit. During 2023-24 they met 8 times (about every 6 to
7 weeks). Many of the donatlons were to charltleslcauses proviuu51y given to, plus a number which hawe been researched before bein8
given financial 5UPPOrt. Support wa5 also given, alter consideration, In response to natural di53Sters.
Futur* Plans
ThÈrÈ are no plans to change the way the trust operates. however, con51deration is belng given to recrultlng new trustees as part of
successlon plannln8.
Publlc B•n•flt
The trustee5 confirm that they have referred to the guidance contalned In the Charity Commlssions general guidance on publlc benefit
when revlèwlna the ir￿stS alms ènd oblecrlves and setting ihe grant maklng pollcy for the year.
The trusiees have due regard to the Charlty Commlsslon's guldante on publlc beneflt
ACHIEVEMENT AND PERFORMANCE
Charltabl• actlvltl•s
In the rurrent year the trust has made donatlons, withln It5 alms and objectives, ttsralling £255,950 12022.23 £240,382). It has
monitored the way In which these dDnatlons have been used, and the trustees are satisfled that good value has been obtalned from this
expendlture.
The trustee5 mainly supported projects that relieved some of the effects of poverty In Third World countrles. with an emphasls on
Alrlca. In an attempl to help under privileged people, tlie trustees continued to identlfy charitable worthy causes that have low
overheads, which has tended towards smaller charities that utilise volunteer5. They were also keen to support projects where tliey
could be assured that physical checks were being carried out by trustworthy people.
Ouringthe year, financial support has been given to orphanages, health centres, hospitals. and provision ol lertili5ers and clean water.
No expenses were claimed with respect to travel & subsistence by trustees during the year12022-23- £nill.
FINANCIALREVIEW
Prlnclpal fundlng sources
The princip31 source ol the trust'5 funds are donations received from McBraida PIC and investment Income.
In the year ended 5 April 2024. Ihe trust Ilas received income from Investments and donatioi)s from McBiaida PIC and ha5 made various
donations to a number ol different causes, mainly helping with the provision ol water, food, medical aid and education in areas ol the
world where such resource5 ore scarce.
Investment policy and oblertlves
The capital value of the investment portfolio ol the trust should so lar as is reasonabSy possible be maintained in real term5 over time so
s to pieserve the delivery of real benefits by way of distributlQn5 of incotne in accordance with the objects of the rrust.
The Investment policy was reviewed by the trustees in September 2021.
Page I

MPM Charitable Trust
Re
ort of the Trustees
forthe Year Ended 5 A rll 2024
FINANCIAL REVIEW
Rèserves ptsllty
The trustees look to maintain reserves of Income that In their ab501ute dlscretion Is considered expedient in the best interests of the
charity to discharge both actual and antlclpated expendlture by way ol grants or otherwise.
As of 5 April 2024 £5,364,97612022-23 £5,032,273) unrestricted reserves were held.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng document
The chaiitv 15 controlled by Its governing document, a deed of trust dated 22 November 1999 and constitutes an unlncorporated charity.
Recrultment and appointment ol new trustÈes
Trustees are appointed by the Board of Trustees. Trustees are alerted to changes In Charity Law through Dunkley's quarterly Charltv
Update5 and are made aware ol the Charity Commission Guidance for Trustees on the GOV.UK website with which they are asked to
make them5elve5 familiar. There have been no new trusrees In the past 8 years but new appolntments would be dlrected to
TrusteElearning for on-line training.
Related partle5
The followin8 trustees are director5 of McBraida Plc.. M P McBraida, K M Mc8ralda and I l McBraida.
Rlsk manag•ment
In line with the requirernent for trustees to undertake a rlsk assessnient exercise and report on the same In their annual report the
Irvslees have considered these risks and identified the main areas where risks may occur. Having assessed the major risks to which the
charlty Is exposed the trustee5 believe ihat by monitoring reservè levels, by ensurSng that controls exist over the key Ilnanclal systems,
and by examlning the operatlonal and busine55 risks faced by the charity, they have e5tabllshed eflectlve systems to mili8ate those rlsks.
REFERENCÉ AND ADMINISTRATIVE DETAILS
RÉglster•d Charlty number
1079249
Prln¢lpal addres>
Tresco
45 Church Lane
Oownend
South Glos
BS16 6T8
Trustees
M McBralda
Mis K McBialda
l J McBi3ld
P W Taylor Iresi8ned 18.9.241
Ms l Blanchard
M l Harper (appointed 18,9.241
Audltors
Dunkley's
Ststutory Auditor
Chartered Accountants
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
B532 4JY
Page 2

MPM CharitableTrust
orto
for ihe Year Ended 5 Ap.rtl 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Bank services
HSBC
I Centenèry Square
Birmingham
BI IHO
lrtvtstment mana8efS
St James's Place Partnership
Clifton Wealth Mana8ement Limited
49 Princess Vicioria Street
Clifton
8584BX
STATEMENT OF fRUSTEE5' RESPONSIBILITIES
The tfusiees are responsible lor preparlng the Report of the Trustees and ihE financlal sratemenis in accordance with 3ppllc8ble law and
United Kin8dorn Accountin8 Standards (United KSnEdorn fjenerally Accepted Accounring Practlcel.
The lav4 Jpplicèble to charftles in England and Wales, the Charitie5 Act 2011, Charity IAccounts and Report51 Regulations 2008 and the
provislons ol the trust deed requires the trustees to prepor¢ financial stèternonts lor eath financial year which 8ive a true 3nd fair view
ol the srate ol aFfair5 of the charity and of the Incomin$ resources and èpplication of resources, including the Income and eKpenditUfe,
of the charity lor that perlod. In preparing ihose financlal 51atempnis, the trustees are required to
select 5Ult3ble 3ccountin8 polities and then apply them con51stentlv'
observe the meihods and printiples In the Chariw SORP;
make judgernents and estimates that are reasonable and prudeni,.
state whether applicable a¢couniln8 Standards have been followed, subjèct to any materlal departures disclosed and explalned in
the linanclal statemenis..
prepare the financial 5taternents on the 8oln8 concern basis unles5 it is inappropriaie to presume that the char5ty wlll continue In
bu51ness.
The tru51ees are responsible lor keeplng proper accounting records which disclose wilh reasonable atcuracy at any time ihe flnancial
pasltlon of the ¢harity and 10 enable them to ensure that the financial statements comply ￿th the Charities Act 2011, the Charity
(Accounts and Report51 Re8u1aiions 2CN)8 and the provlslons ol the tru51 deed. They ère alsu responsible for safeguardin$ the assets gf
the £harity ènd hence lor taklng reasonable steps lor the prevenrion and dotection of fraud and other irre8ularities,
Approved by order ol the board of trustee5 On
and slgned on its behdll by..
M5J Blanch3rd- Tiusiee
P38e 3

ort of the Inde
endent Auditor5 to the Trustees of
MPM Charltable Trust
Oplnlon
We have audited the financial Statements of MPM Charltable Trust Ithe 'charity'l lor the year ended 5 April 2024 which comprise the
Statement of Financial Activities, the Balance Sheet. the Cash Flow Statement and notes to the financial statements, including a
summary o15ignificant accounting polici&s. The fir)ancial reporting framework that ha5 been applied in their preparation 15 applicable
law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the flnan¢lal statement5'.
give a true and lair view ol the state of the charity's affairs as at 5 Aprll 2024 and of its incoming resources and application of
resources. for the year then ended.,
have been properly prepared in accordance wilh Uniied Kingdom Generally Accepted Accountlng Practlce,. and
have been prepared in accordance with the requirements of the CharlrSes Act 2011.
Basls for oplnlon
We conducted our audit in accordance with International Standards on Auditing IUKI11SAs IUKII and applicable law. Our re5pon51bllilies
under ihose standards are further described in the Auditois, responsibilities lor the audit of the Ilrnanci81 starements SÈCtion of our
report. We are independent of the charity in accordance with the ethlcal requirements that are relevant to our audit of the financial
statements in the UK, includin8 the FRC'S Ethical Standard, and we have fulfilled our othef ethical re5POll51bilities in accordance with
these requlrements. We believe that the audlt evldence we have obtained 15 sufficient and approprlate to provlde a bas15 lor our
opinion.
Concluslons r•latlng to golng contèrn
In auditin8 the financial statements, we have concluded that the tru5tees' use of the 8oin8 concern basis of accountlll8 in the
preparatlon Of the finanrlal statements Ss approprlate.
Based on the work we have performed, we have nor Ideniiiieij any maierlal uncertalnries relatlng to events or condltion5 that,
indlvldually or colleciively, may cast slgnllicai)t doubt on the charitV'5 ability lo conllnue as a golrsg concern lor a perlod ol at least
twelve month5 from when the financial statements are author15ed lor Issue.
Our re5ponslbllltie5 and the responslbllltles of the trustee5 wlth respect to golng concern are described In the relevant secilons of this
report.
Othèr Infomatlon
The trustees are responsible for the other information. The other Information comprlses the Information included in the Annual Report,
other than the financial Statements and our Report ol the Independent Auditors thereon.
Our opinlon on the financial statements does not cover the other Snformatlors and, except to the extent otherwise explicllly stated In our
report, we do not express any form of assurance concluslon thereon.
In connectlon wlth our audlt ol the Ilnanclal statements, our responslbillty Is to read the other Inlormatlon and. In dolng so, consider
whether the other information Is materially inconslstent with the financlal statements or our knowledge obtained In the audit or
orh@n￿lsQ 8pppars to be materlally nilsstated. If we Identlly such materlal Inconslstentles or apparent materlal mlsstatemenrs, we are
required to determine whethor this givos ri5Q to a matErial mi5Statement tliÈ financial Statements themselves. 11, based on the work
we have perforrned. we conclude that there Is a materlal rn155tatement of thls r)theT Informatlon, we are required to report that fact.
We have nothing to report in th15 regard.
atters on whlch we are requlred to report by éxceptlon
We Iiave notliing to iepoil in respect ol the following rnalters where Ihe Charities (Account5 and Reports) Regulation5 2008 require5 115
to report to you if, in our opinion..
tlie information given ia Ihe Report ol tlie Trustees is inconsisteni In any materlal respect wilh the financial statemenls. or
sulficient accounting records have i)ot been kept,. or
the financial 5tatemenls are not in agreernent with Ihe 袢ounting record5 and returns,. or
we have not received all the inlorrnation and explanations we require for our audit.
R•sponslbllltl•s of trusto•s
A5 explained more fully in the Statement of Tiustees, Responsibilities, the trustees are re5pon5ible for the pieparation of the financial
5t8tements whlch give a truè and fair view. and for Skjth Internal control as thÈ tiustees determine is necessary to enable the
preparation of financial statements that are free from material misstatement. whether due to fraud or error.
In preparing the financial sratements. the trustees are respon51ble foi assesslng the charity's ability to continue as a going concern,
disclosing, as applic3ble, tn3tters ielate.d to going concern and using the going conce.rn basis of èccounting unle55 the tIU5tees elther
intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Page 4

Re
ort of the Inde
endent Audltors to the Trustees of
MPM CharltablÈ Trust
Our respon51bllities for the audit of the financlal statements
We have been appointed a5 auditors L5nder Section 144 of the Charities Act 2011 and report In accordance with the Act and relevant
regtjlations made or having ettect thereunder.
Our objectives are to obtain rea50nablE a55vrance about whethei the fin8ncial statements as a whole are free frotn tnaterlal
mi5St31emenl, whether due to fraud or error. and to Issue a Report of the Independent Auditors that include5 our opinion. Reasonable
assurance is a hiEh level ol assurance, but is not a guarantee that an audit condLJCted in accordance with ISA5 IUKI will always detect a
material misstatement when it exists. Misstatements can arise from fraud or error and are considered material If, individually or in the
aggiegate, they iould rea50riably be expected to Influence ihe economlc decisions ol user5 taken on the basis ol these flnanclal
statements.
Extent to whlch the audlt was consldèred Capable of detectlng Irregularltles. Includlng fraud
We Identlfy and assess the ilsks of material m15Statemenr of the flnanclal statements. whether due to fraud or error, and ihen desien
and perform audit procedures responsive to those risks, Including obtaining audit evidence that Is sufficient and appropriate to provide
a basls lor our opinlon.
Identlfyln8 and as$essln8 Potentlal rlsk5 related to Irrègularltles
In identifying and assessing risks of materlal misstatement in respect ol Irre8ularkies, Including fraud and non-compllance w5th laws and
regulations, we consldered the lollowlng..
the nature ol the industry and sector, control environment and buslness performance Includin8 the design ol the company.
remuneration policies, bonus leve15 and performance targets,.
any matters we identified, having obtained and reviewed the company's documentatlon ol ihelr pollcles and procedures relating to..
o identifyin& evaluating and complying with laws and regulatlons and whether tliey were aware of any Instances of non-compliance,.
o detecrinB and respondine io the rlsks ol fraud and whether they have knowledge of any actual, suspected or alleged fraud,.
o the internal controls established to mitigate risks ol fraud or non-compliance wlth laws and regulations..
the matters d15CU5sed among rhe audir engagernenr team rÈgardlng how and where fraud mlght occur in the linanclal statemenis and
any potential indicator5 of fraud.
s a result ol these procedLires, we considered the opportunities and incentive5 that may exlst wlthln the oreanlsatlon IOT Iraud and
identified the greatest potential for fraud In the areas ol management override ol controls. and revenue recognition.
We also obtained an understanding ol the leRal ènd regulaiory framèwork that the coinpany operates in. focuslng on prov15Ions ol those
laws and regulations that had a direct ellect on the determination of Inaterial ainounts and disclosures in the fiiiancial statements.
Audlt response to risk5 Identlfled
Our procedure5 to respond to risks identified included the following..
- Ènquirlng of managemeni, COn￿rnIn8 aciual and potential Iltlgation and claims,.
performlng analytical procedure5 to identify any unusual or unexpected rolationship5 that may indicate risks ol material mi5Statement
due to fraud,.
in addressins the risk ol fraud through management override ol contro15, testing the approprlareness ol journal entries and olher
adjustments,. aS5e5sing whether the jiJdgement5 rnade in m3king acctsuntine esrlmates are Indlcatlwe ol a potenrial bias; and e.valiJ8ting
the buslness rationale of any slgnilicant transactions that are unusual or outside the normal course ol bu5ine55.
We also communicated relevant idenlilied law5 and re8u1ations and potenilal Iraud risks lo all engagement tearn membe15, and
remained alert to any indications of fraud or non-compllance with laws and regulations throughout the audit.
A further description ol our responsibilities for the audit ol the financial statemernis Is located on the Financial Reporting Council'5
web51te at www.frc.Dig.uklauditoisresponsibilities. This description forms part ol our Report ol the Indepei)dent Auditor5.
Page 5

ort ot the Inde
tndent Audltors to the Trustees of
MPM Charitable Trust
Use of our report
This report is made solely to the charity's trustees, as a body, In accordance with Part 4 of the Charitie5 (Account5 and Reportsl
Regulations 2(K)8. Our audit work has been undertaken so that we might state to th8 charlty's trustee5 those matters we are required to
state to them in an auditors, report and lor no other purpose. To the fullest extent perrnitt@d by law, we do not accept or assume
responsibility to anyone other than the charity and the chaiity's trustees as a body, for our audit work, lor this report, or for the
opinion5 we have formed.
Dunkley's
Statutory Auditor
Chartered Arcouniants
Woodlands Grange
Woodlands Lane
Bradley Stoke
BS32 41Y
Date:
Page 6

MPM CharltableTrust
Statement of Financial Activrties
for the Year Ended 5 A ril 2024
5.4.24
Unrestricted
fund
5.4.23
Total
funds
as restated
Notes
INCOME AND ENDOWMENTS FROM
Oonations and legacies
3,CK)O
528,OCh)
Investment incorne
45,426
10,679
Total
48,426
538,679
EXPENDITURE ON
Raising funds
720
Charltable actI￿tIo5
Relief of poverty
Medical Aid
Tralnlng and educatlon
106,950
62,700
86,300
129,060
45,500
65,822
Other
3,938
4,909
Total
260,608
245,291
Ner 8alns on Investments
544.885
68,610
NEf INCOME
332,703
361,998
RECONCILIATION OF FUNDS
Tglal funds brought forward
5,032,273
4,670.275
TOTAL FUNDS CARRIED FORWARD
5,364,976
5.032,273
The notes form part of these financial statements
Page 7

MPM tha￿able Trust
Balance SheeL
5 April 2024
5.4.24
Unrestricted
fund
5.4.23
Total
lunds
as rest&ted
Notes
FIXED ASSETS
Investments
12
4,722,584
4,169,154
CURRENT ASSETS
Cash at bank
646.712
886,119
CREDITORS
Amounts fallina due wlthin one year
14,3201
123,0001
NET CURRENT ASS￿5
642,392
863,119
TOTAL ASSETS LESS CURRENT LIABILITIES
5,364,976
5,032.273
NET ASSETS
5.364,976
5,032.273
FUNDS
Unrestricted funds
14
5.364.976
5,032,273
TOTAL FUNDS
5.364,976
5,032.273
The financlal statement5 were approved by the Board ol TiusleES Britj autliorised lor issue on
Si8ned on its behalf by..
.i.IS
and were
J Blanchard- Trustee
The notes form part of these financial statemenis
Page 8

MPM Charitablè Trust
C35h Flow StatÈment
foT the Year Ended 5 A
ril 2024
5.4.24
5.4.23
a5 restated
Notes
Cash flows from tsperatlng actlvltle5
Qsh 8enerated from operations
1276,2871
303.658
Net cash (used Inllprovlded by operatlng artlvltles
1276,2871
303,668
Cash flows from Investlng artlvltl•s
Purchase ol fixed osset Invesirnent5
Sale of fixed asset Invesiments
Intèrest received
Dividends recelved
1131,1601
122.614
36,879
8,547
13,6751
7,004
3,674
Net cash provided by inve5tin8 activities
36,880
7,OJ3
Ctt3n8e in cash and cash equlvalénts In the
rtportlng peilod
Cash and cash equ5val•nts atth• b•glnnlng of th•
r¢portlng perfod
1239,4071
310,671
886,119
575,448
Cash and cash equlvalentj at the end of the
r•portln8 perlod
646,712
886,119
The notes form part of these financial statements
Page 9

MPM Charitable Trust
Notes to the Cash Flow Statement
for the Year Ended 5A rll 2024
RECONCILIATION OF NEf INCOME TO NET CASH FLOW FROM OPERATING AcfiviTIES
5.4.24
5.4.23
as restated
Net income for the reporting period las perthe Staternent of Financial Activltlès
Adjustment5 for:
Galn on investments
Interest received
Dividends received
Decrease In debtors
IDecreasel/incrEase in creditors
332,703
361,998
1544,8841
136.8791
18,5471
168.6101
17,0041
13,6741
976
19,982
118,6801
Net cash (used Inllprovlded by operatlons
1276.2871
303,668
ANALYSIS OF CHANGES IN NET FUND5
At 6.4.23
Cash flow
At 5.4.24
Net cash
Cash at bank
886,119
1239,4071
646,712
886,119
1239,4071
646,712
Tctal
886.119
1239,4071
646,712
The notes form part of these financial 5t3temeTrt5
Page 10

MPM Charitable frust
Notes tD the Flnanc131 Staternen15
for the Year Ended 5 A
ril 2024
ACCOUNTING POUCIES
Bzsls of pr¢paringthe financial statements
The financial 5tatetnents of the charity. which is a public benefit entlty under FRS 102. have been prepared in accordance wlth
the Chailtles 50RP IFRS 1021 'Accountlng and Reporting by Chariries.. siatement of Recommended PiacticÈ appllcable to
charities preparing their aCCL¥unts in accordance with the Financial Reporting St3ndard applicable in the UK and flepublic of
Ireland IFRS 1021 (effective I january 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applKable in
the UK and Republlc ol Ifeland, and the Chaiities Act 2flll. The financial statements have been piepaied under the hlstorlcal
cost convention, with the exception of investment5 which a￿ Included at market value. as modified by the revaluatlDn of
certain a55etS.
Incorne
All incomels recognised in ihe Statemeni of Financial Activities once the charity has entitlement to the funds. It Is probable that
the income will be received and the amount can be measured reliably,
ExpÈndlturé
Liabilitie5 are reco8niged as expenditure as soon as there Is a leaal or constructive obligation committinB the ch8rlry to that
expenditure, it 15 piobable that a transfer of economlc benefits will be required in settlement and the amouni ol the obligatlon
can be measured reliably. Expenditure is accounted lor on an accruals bas1$ and has been classified under headinBS thal
a88regale all ¢ost related to the category. Where costs cannot be directly attributed to particular headings they have been
allocated to activities on a basis consistent with the use ol Te50urces.
Grants offered Subject to conditions which have not been met at the year end date are noted as a commitment but not acciued
as expenditure.
T•xatlon
The charity is exèmpt from rax on its charltable actlvltles.
Fund ac¢ountlni
Unrestrlcted funds can be used In accordance with the charitable oblectlves at the discretion ol the trustees.
Restricted funds can only be used for particular restricted purposes within the objects ol the charlty. Restrictions arise when
speclfied by the donor or when funds are rèlsed for partlcular Testrlcted purpose5.
Further explanatlon ol the nature aTrd purpose of each fund is included In the notes to the Ilnanclal statements.
Donat•d iogds
Any goods, utilities and services donated to to the charliy, excluding volunteers, are recognlsed as both donated income, and a
rnatch1n8 expendlture or asset,
Goods are valued measured at falr value, unless It Is Impractlcal to reliably measure the fair value ol ihe asset.
Facllltles an6 seririte5 are measured at the value that rhe charlty would expect tD pay In the open rnarket lor an alternatlve thai
would provide the same benefit.
Page 11
continued...

MPM Charitable Trust
Notes to the Flnanclal 5tatements- cont5nuèd
for the Year Ended 5 A Ill 2024
DONATIONS AND LEGACIES
5.4.24
5.4.23
as restated
Donations
3.￿0
528,000
INVESTMENT INCOME
5.4.24
5.4.23
as restated
Other fixed a55et invest Fll
Deptssit attount Inteie5t
8,547
36,879
3.674
7,OD5
45,426
10,679
RAISING FUNDS
Investment mana4ement ¢0StS
5.4.24
5.4.23
5 restated
Support costs
720
CHARITABLE ACTIVITIES COSTS
Grant
funding of
Isee note
61
Relief ol poverty
Medical Aid
Trainin8 and education
106,950
62,700
86,300
255,950
GRANTS PAYABLE
5.4.24
5.4.23
a5 restated
Relief ol poverly
Medical Aid
Tiaining and eduiation
106.950
62,700
86,300
129,060
45,500
65,822
255,950
240.382
All grants Issued during thls year and last were i55ued to otl)er charitable instriutions.
Page 12
continued...

MPM Charitable Trust
Notes to the Flnanclal Statements- Continued
for the Year Ended 5 A
ril 2024
SUPPORT COSTS
Governan
Finance
costs
Tota15
Investment management costs
Other resources expended
720
3,600
720
3,938
338
338
4.320
,658
TRUSTEES, REMUNERATION AND BENEFITS
There were nts irustees, remuneiarion or other benefits for the year ended 5 April 2024 nor for the year ended 5 Aprll 2023.
Try5tees' expenses
The totsl value ol trustees, expenses15 Nil12023- Nill.
STAFF COSTS
There were no staff costs for the year ended S Apr112024 nor for the year ended 5 April 2023.
The average number of employees during the year was Nil12023 Nill.
No employees received emoluments In excess of £60.000.
io.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL A￿1VITIEs
Unrestrl¢ted
fund
as rèstared
INCOME AND ENDOWMENTS FROM
Donations and le8a¢les
528.000
Investment Income
10,679
Total
538,679
EXPENDITURE ON
Charltable actlvltlès
Relief of poverty
medlr.al Ald
Tiaining and education
129.060
45.500
65,822
Other
4,909
Total
245,291
Net gain5 on investments
68,610
NET INCOME
361,998
RECONCILIATION OF FUNDS
Total funds broughE forward
4,670,275
Page 13
continued...

MPM Charitable Trust
Nctes to the Flnanclal 5tatements- ¢ontlnuèd
for the Year Ended 5 A
ril 2024
io.
COMPARATIVES FOR THE STATEMENT OF FINANCIALAcfiviTIES- contlnued
Unrestricted
fund
as restated
TOTAL FUNDS CARRIED FORWARD
5,032,273
ii.
PRIOR YEAR ADJUSTMENT
Prior year adjustwent5 have been made to the corllparative to show a true and lair vlew ol fixed asset investments as at 5 April
2024. Thls Is due to an Investweni report bèing generaied at rhe intOTreci date. The adjusrments made are as followed..
l. Removal of relnvestment of dlsposed shares In Incorrect perlod:
Account
Listed investment additions
Listed invesrment disposals
Realised gain/llo55e51 on fixed asset investments
Dr£
CrE
122,614
142,256
19,642
Total
142,256
142,256
Rernoval has occurred due to the disposal and relnvestmeni occurln8 on Ihe 17 May 2023.
2. Revaluatlon of flxed asset Inve5tment5 to the correct date..
Account
Llsted Investmenis revaluatlons
Realised 8ain/llossesl on fixed a55et investments
DT£
Cr£
143,924
143.924
Total
143,924
143,924
The adjusrment in reva1uati¢n5 has occurred to bring ihe valuation of investments in Ilne wlth the valuatlon held as at 5 April
2023.
Therg are no tax impllcatlons raised In response to these adlustments.
12.
FIXED Ass￿ INVESTMENTS
Listed
Investments
MARKET VALUE
At 6 Ikpril 2023
Additioiis
Disposals
Revaliiations
4.169,154
131,160
1122,6151
544,885
At 5 April 2024
4,722,584
BOOK VALUE
Al 5 Aprll 2024
4,722,584
At 5 April 2023
4,169.154
There were no investment assets outside the UK.
Page 14
continued...

MPM ChartsableTrust
Notes to the Financlal Statements- continued
for the Year Ended 5 A
ril 2024
12.
FIXED ASSET INVESTMENTS. contlnued
Cost or valuation at 5 April 2024 is represented by..
listed
investment5
Valuation ITr 2018
Valuation in 2019
Valuation in 2020
Valuation 2021
Valuation in 2022
Valuation in 2023
Valuation in 2024
Cosi
863.756
290,156
221,574
176,1311
1731.5111
68.610
544,885
3,541,245
4,722,584
The valuatlon In 2018 01 £863.7561$ the occumulated valuation movement from 2006-2018.
13.
CREDITORS:AMOUNTS FALLING DUEW￿HlN ONEYEAR
5.4.24
5.4.23
as restated
Other creditors
Accrued expenses
20,000
3,000
4,320
4,320
23,000
14.
MOVEMENT IN FUNDS
Net
movement
In funds
At
5.4.24
At 6,Jl.23
Unr•strl¢t•d funds
General fund
5,032.273
332,703
5,364,976
TOTAL FLINDS
5,032,273
332,703
5,364.976
Net movemeni In funds, Included in the above are a5 follows..
Incoming
iesource5
Resources
expended
Gains and
losses
Movement
in fund5
Unre5trtcted lunds
General f(Jnd
48,426
1260,6081
544,885
332,703
TOTALFUNDS
48,426
1260,6081
544,885
332,703
Page 15
cor)tinued...

MPM Charitable Trust
Notes to the Flnanclal Statements- contlnued
for the YeaT Ended 5 A ril 2024
14.
MOVEMENTIN FUNDS-contlnued
Comparatives for movement in funds
Net
movement
in funds
At
5.4.23
At6.4.22
Unrestricted fundg
General fund
4,670,275
361.998
5,032,273
TOTAL FUNDS
4.670,275
361.998
5,032,273
CO￿parative net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Galns and
losses
Movement
r5 funds
Unre$trlrt•d funds
General fund
538,679
1245,2911
68,610
361,998
TOTAL FUNDS
538,679
1245,291 |
68,610
361,998
A wrienl year 12 months and prlor year 12 months comblned positlon Is as follows:
Net
movement
in funds
At
5.4.24
At 6.4.22
Unrestrlcted funds
General fund
4,670,275
694,701
5,364,976
TOTALFUNDS
4,670.275
694.701
5,364,976
A current year 12 months and prlor year 12 months comblned net movement In funds, Incliided In the above are as follows..
Incomlng
resources
Resources
expeiided
Galn5 and
losses
Movement
In funds
Unrestrlcted funds
General fund
587,105
1505,8991
613,495
694,701
TOTALFUNDS
581,105
1505,8991
613,495
694,701
Page 16
continued...

MPM Charitable Trust
Note5 tothe Financial Staternent5- contlnued
forthe Year Ended 5 A ril 2024
15.
RE￿TED PARTY DISCLOSURES
The charity received no monetary donations from Mc8raida PIC during the year12023 É525,0(X)l. Three ol the trustees are also
directors of thls companv.
The charlty received a donation in the form ol setvices. McBraida PIC settled the accountancy and audit feÈs for the charity-
The value of the donation was £3,00012023 - £3,OLX)I.
The total donation from McBraida Plc15 £3,00012023- E528,0001
The total value of tru5tees' expenses Is £NII12023- £Nill.
There were no other transactions with trustees or any other related parties during the year.
Page 17

MPM Charitable Trust
Dttalled Statemènt of Flnanclal Actlvltles
forthe Year Ended 5 A rll 2024
5.4.24
5.4.23
as Testated
INCOME AND ENDOWMENTS
Donatlons and legacles
Donations
3,000
528,000
Investrnent Income
Oiher fixed assei invest- Fll
Deposit account interest
.547
36,879
3.674
7,005
45.426
10,679
Total Incomlng resources
48,426
538,679
EXPENDITURE
Char5table actlvltles
Grants to institutions
255,950
240,382
Support CQSt5
Flnanc•
Sundries
Bank charges
976
333
338
338
1,309
Governan¢• costs
Auditors, remunoration
Audltors, remuneratlon for non audit work
3,600
720
3,600
4,320
3,600
Total resources expended
260,608
245.291
Net loxpendlturelllncome before galns and losses
1212,1821
293,388
R•allsed r•cognls•d ￿1n5 and10sses
Reallsed 8aiiislll095esl on flxed asset Investments
544,885
68,610
Net Income
332,703
361,998
This page does not lorrn part ol the statutory financial statements
Page 18