MASON #a/_ FOUNDATIONI. ANNUAL REPORT January to December 2022
CONTENTS CEO Highlights 2022 Our Vision and Mission Desmond and Leah Tutu Legacy Foundation Founder's Report- Richard Mason Chairladys Report- Sasha Knott Program Support: -Grade 6 Recruitment and Junior Program -Grade 7 Senior Scholar Preparation Program -senior Scholarship Program -Events l••1 -catapult Program -Alumni Program The 2022 Ethical Leadership Program Financial Reports Quality Governance 10. Lesley-Ann Brandt- our global brand ambassador 11. Board of Trustees (United States of America. United &11¢ Kingdom and South Africa) 12. NPO and Contact details
Dear Donors. Supporters. and Stakeholders. CEO HIGHLIGHTS l am delighted to present to you the 2022 Annual Report. a testament to the unwavering commitment and remarkable achievements of the Kay Mason Foundation. At the heart of our endeavours to achieve the vision lies our mission.. to empower underserved scholars with the tools. knowledge. and opportunities necessary to become the leaders our world needs. With dedication and collaboration. we strive to bridge the gap of inaccessibility and inequality to ensure that every talented mind has the chance to flourish. irrelevant of background. Over the course of 2021 we relentlessly pursued this mission. and the results are indeed inspiring. Through our comprehensive scholarship programs. mentorship initiatives. and capacity-building workshops. we witnessed the transformation of young minds into confident. responsible. and visionary future leader& The impact of our work has rippled through communities. industries. and society at large. I'd like to share some key highlights.. 52 Catapult mentors successfully assigned to scholars and alumni. 54 Scholars positively impacted and benefited from the Junior Development Program. Alumni Achievements. Mbali Kubheka.. Elevated in September 2022. Mbali transitioned from her role as an Associate to the position of Investment Banking Associate in Export Credit Finance within Nedbank's Corporate and Investment Banking ICIBI division. Naledi Maponopono.. A distinguished recipient of the 2022 Nelson Mandela Award. Naledi has been an instrumental champion for the inclusion of African Languages in digital education. Her exemplary work focuses on bolstering the development and promotion of Isixhosa and laying a foundation for its future advancement. Andiswa Tom.. Andiswa has initiated her 2-year articles as a Candidate Legal Practitionerwhile she embarks on her professional path. With heartfelt appreciation. Lauren Bright
THE TOP ACHIEVERS FOR 2022: AEOh •¢ lthréh )1 n WynÈp-. GRADE 8 CRADE 9 GRADEIO CRADE 11 MeaganWyngaard- 86% Imrah Mohamed- 86% Samantha Siljeur- 87% Sharon Ngwira- 920 We are very excited to announce the Most Dedicated award which commends one senior scholar in each grade18 to 111 who exemplified not only an unwavering commitment to their studies. but also incredible support to the Kay Mason Foundation itself. We are pleased to award this year's recognition to Samantha SllJeur-GradelO. Additionally. the Kay Mason Foundation Leadership Award is given to the scholar who stands out in all categories and who showcases Kay Mason Foundation's pillarvalue&. honesty.justice. community. respect and integrity-
OUR VISION AND MISSION Our vision is to ensure a fairer world with better leaders. Leaders who build sustainable solutions with integrity, ethics and a respect for the environment. Our mission is to empower underserved scholars to become those leaders.
THE DESMOND AND LEAH TUTU LEGACY FOUNDATION'S CONTINUED ENDORSEMENT The late Archbishop Desmond Tutu was a p the Kay Mason Foundation and an avid supporter of their efforts to help young people realise their leadershi p potential through quality education. At the Desmond and Leah Tutu Legacy Foundation. the legacy organisation founded by the Archbishop and Mrs Tutu in 2011. we strive actively nurture a generation of courageous leaders from all ages and walks of life have a positive impact in the world. e use the lived example of Arch op Tutu a activist. guided by the values of ubuntu. compa to educate and inspire young people. ageous lead ocial j . forgiveness. integrity. and humour. In 2022 we welcomed Kay Mason Foundation's group of dynamic learners to the Foundation. They spent time in our educational Truth to Power permanent exhibition. which showcases the Archbishop's contri bution to the fight agai nst Apartheid and other social injustice& We then had a robust leadership conversation with the learners. led by our COO. Phumi Nhlapo. who engaged the youngsters on how they could apply the Arch's example in their own contexts. We look forward to hosting more groups from Kay Mason Foundation so that we can support and embolden them in their leadershipjourneys. JANETJOBSON CEO. The Desmond and Leah Tutu Legacy Foundation
FOUNDER'S REPORT 2022 Dear Supporters. As I look back at the events of 2022. 1 see a graph pointing decisively upwards More funds raised. more scholars supported in ever more ways. more connection with our alumni. In short.. thanks to the incredible support we have received from people like you. and the exceptional passion. diligence and accountability of our team. we are able to do more than we ever have before to produce a generation of young leaders the world so badly needs. In 2022. we raised just over RIO.000.000. In a tough geopolitical climate. that is an incred ible achievement.. a reflection not only of the diligence and flair of our development team. led by Stacey- Anne Maritz. but of the results our scholars achieve. Our scholars and alumni are the proof that the Kay Mason Foundation's unique formula of support. accountability and love works. In 2022. we formalised our ethical leadership curriculum to give scholars a formal framework for developing their own ethics and vision. Launched by Sir Mo Ibrahim. we paired Kay Mason Foundation scholars with alumni led by Kay Mason Foundation alumna and Fulbright Scholar Ziyana Lategan and asked them to look across Africa for inspiring models of leadership. Scholars worked with mentors to select the leader they most admired. and presented thei r conclusions in a competition brill iantly adjudicated by Hosh Ibrahim. himself an inspiring young leader. RICHARD MASON When I founded the Kay Mason Foundation nearly 25 years ago. I had a vision that one day there would be a community of brilliant young people. bonded by experience. who wanted to change the world for the better. Guesswhat? It happenedl
I have had several opportunities in 2022 to meet our alumni and to bring them together. We have hosted retreats that allowed old friendships to deepen and new ones to spark. What strikes me most about these gatherings is the scholars. kindness and affection for one another. The atmosphere isn't competitive it's collaborative and connected. These retreats will nurture a community of collaborators who can join forces to tackle tough problems. from supporting the rule of law to reducing youth unemployment. currently at an all-time high. Our Catapult Program already organises impactful Career Days and international mentorshi ps. as well as supporting our scholars in the transition to higher education. With our Junior and Senior programs run so brilliantly by Almarie Slazus and Stephanie Kotze. I have been able to focus on developing the Kay Mason Foundation Alumni Community. Supported by Alvina Naidoo. this has involved a major outreach program identifying our scholars. reconnecting with previous program graduates. and opening doors for them as they progress into adulthood. business and public service. None of this work would be possible without our donors. volunteers. supporters and staff. Every time you support us by donating your time. expertise. contacts. money or all of the above. you playyour part in making the miracle happen. I'm delighted to welcome Hollywood legend Lesley-Ann Brandt. star of LUCIFER. as a Kay Mason Foundation Global Ambassador. I know I speak for them. and our global trustees. when l emphasize our commitment to maintaining the highest standards of governance while allowing our programs to respond flexibly to the needs of the peoplewe support I sense more miracles unfolding in 2023 and beyond. With deepest gratitude, Richard Mason
The year 2022 was when the world went back to 'normal'. after a few confusing years in routine and structure. The Kay Mason Foundation ensured that the focus for the year was on the students and to ensure they could get back to what mattered. their education. The team ensured there was a theme each month to focus on. like sustainability. leadership and being yourself. CHAIRLADY'S REPORT 2022 The Kay Mason Foundation team has been a source of stability within the organisation. being exceptionally led upfront by Lauren Bright. Stability was the focus in the form of Lindie Ammon celebrating 10 years of service at the Kay Mason Foundation. We are incredibly grateful for the dedication and passion Lindie has added to the Kay Mason Foundation. From starting many years ago by taking the children to uniform fittings. packing stationery boxes. to joining each event with her enthusiasm and working with each parent. donor. supplier. and board member. we are grateful to her for her 10 years of dedication. With rising petrol. inflation. and transportation costs. we have continued our hybrid approach in tutoring to al low scholars to get additional assistance in the Kay Mason Foundation's office as well as online at home. Mingah Anthony. as Academic Support Manager. ensures there is a permanent staff member to understand the curriculum for each school as well as the challenges and pace of each school. and this has been a very welcomed addition. The Kay Mason Foundation scholar support team ensures management in all areas for the scholars and not just on the education side. This is so well managed in both the junior and senior programs by Stephanie Kotze and Almarie Slazus. With a huge achievement of being voted as one of the Top 10 NPO'S in South Africa. the Marketing team's efforts under Stacey-Anne Maritz is most definitely noticed and appreciated as it allows the Foundation to continue to grow and help more children. While we assist the children in education. we also ensure they are mentored by up-standing and highly regarded professionals acting in the child's interest and Kholo Magongoa runs this program very efficiently. In recognising the amazing achievements of the team and scholars. while ensuring the budgetwas managed efficiently and effectively. l am very proud to present this Annual Report as a reflection of the professional and ethical work the staff and trustees have accomplished. This year proved. yet again. how resilient we are. We say thank you and express our gratefulness for each and every donor. volunteer. mentor. alumni. scholar. team member and trustee. SASHA KNO Wishing everyone a thankyou for the ethics you add, Sasha Knott
PROGRAM SUPPORT
GRADE 6 RECRUITMENT AND JUNIOR PROGRAM Grade 6 scholars are now invited to apply for the Kay Mason Foundation Scholarship as long as they meet the following criteria minimum average mark of 6596 in all academic subjects. total household income below R17.5k/month. South African citizenship. Of the 172 candidates who completed the first assessment. 54 were invited to take part in the second assessment. All 54 scholars successfully completed and were then invited to continue with the 6-month Junior Selection and Support program. During this timeframe. the scholars wrote baseline assessments. attended tutoring sessions and EQ workshops. and gave oral presentations before an interview panel. The group carried on with tutoring during the beginning of 2023. and ultimately. scholarships were awarded to 25 scholars this past March120231. The recruitment process for Grade 8 scholars is slated to start in 2024.
GRADE 7 PROGRAM SENIOR SCHOLAR ' REPARATION From an original group of 161 candidates. 25 were awarded Kay Mason Foundation Scholarships after various assessments. workshops. and tutoring sessions. All 25 scholars were able to confirm placement at a Kay Mason Foundation- approved high school for enrolment in 2023. In addition to weekly tutoring sessions on location. the group also took part in critical thinking. time management and high school preparation workshops. As part of the Peer Mentor Program. each of the 25 scholars were partnered with a senior Kay Mason Foundation scholar lin the same school where possiblel to provide an additional support system for them. The social development team held an actlvlty day where the scholars participated in games and activities aimed at building cohesion. self-exploration. listening and communication skills. perseverance as well as emotionally preparing the group for high school.
SENIOR SCHOLARSHIP PROGRAM In 2022. the Kay Mason Foundation supported 53 senior scholars in grades 8 to 11. Some key elements of the support offered included a multitude of personal and professional growth workshops. in-person and online academic tutoring. and the supply of mobile data150GB16 months) to connect scholars with online workshops and tutoring. We have been blessed with amazing. professional tutors who generously offer their time. talent. and expertise to our Kay Mason Foundation scholar& We send our most heartfelt gratitude to each tutor for their tireless commitment Additionally. Kay Mason Foundation appointed an Academic Support Manager to further support the scholar& Furthermore. 2022 marked a hallmark year for some incredible workshops made available to the scholars and their parents. includi ng.. "How to Present Yourself with Thabiso from Expresso. "Financial Literacy through Money Sawy." "Excel in Your Career- with Scholars and Parents. "Career Explorer"with Brainwave& "How to Deal with YourTeenager.- "How to Supportyour Child though Exams. "Sports Day with Sporting Chance. Entrepreneurship and starting your own business. Dealingwith bullie& WCED online portal training for academic assistance. Girls and boys support groups.
SENIOR SCHOLARSHIP PROGRAM As part of our holistic approach. we aim to support scholars in making informed decisions about what they want to study. Psychometric testing was provided for both grades 9 and 11. which intended to help them with their subject choices. Kay Mason Foundation also partnered with Careerxplora to provide practical support as senior scholars consider futu re career choices. Beyond academic-centric programming. Kay Mason Foundation also provided events geared more towards enrichment and fun. Scholars travelled to Grandwest Casino where they took part in fun-based activities. those in Grade 10 were invited to attend the Seed of Hope camp. girls and young women took part in a yoga and mindfulness retreat. and many enjoyed a fun year-end function on the Red Bus. Mentoring: In 2022. Kay Mason Foundation launched a peer mentorship program that partners senior scholars with Grade 8's so that the older students can help support and guide the younger ones during the challenging transition to high school. Additionally. we are so grateful that the Releasing Eagles Mentorship Program could continue throughout the year. as it provides invaluable additional support for scholars. Releasing Eagles hosted several enriching events throughout the year including growth and mindset. mental health and spiritual intelligence workshop&
EVENTS The 2022 Annual Kay Mason Foundation Awards Celebration took place at Durbanville Convention Centre in February 2023. We celebrated all our scholars. achievements in 2022 and commended their hard work. dedication. and tenacity. Scholars were recognised for achievements in the following categories.. Extramural For excel lence in sport and cultu ral activities. l// Leadership For seNing in leadershi p position at school or in the community. Community For doing out- of- the-ordinary seNice in thecommunity. Academic For achieving over 8096 in a subject We are immensely proud of our scholars. especially during a challenging and difficult year. We highlight their outstanding achievements in academics. sports. cultural pursuits and beyond. In 2022. 11 Scholarsachieved an over 8096 aggregate score for all their subjects.
The Catapult Program exposes students from grade 10 to various career opportunities and helps to prepare students with the necessary skil Is to prosper in thei r chosen career field. PROGRAM Career Days are an excellent opportunity for both scholars and alu mni to get a sense of their professional fields of interest and to begin establishing networking skill& Beginning in February. Career Day programming was robust and gave participants a wide breadth of exposure in areas like medicine. IT/Ai/programming. environmental sustainabil ity and conservation. finance. law. visual effects and gaming. psychology and wellness. among other areas. ÉSPA55ERS WILL OE PRVJ.- POJNf. OWNfQBY In July. we hosted a cooperative Career Day with PEP which was held at their head office in Cape Town. Scholars were introduced to all facets of the retai l industry. from sales to floor operations to executive management. and they gleaned valuable exposure to the trade's evolving challenges in the digital age. A heartfelt thanks to PEP and their team for having us and for their continued commitment in partnering with us. In addition to Career Day opportunities. 2022 was also a hallmark year for our valuable professional mentorship program. We partnered over 50 scholars and alumni with expert mentors working at the highest levels of thei r respective professional fields. The mentorships proved invaluable as participating scholars and alumni gleaned invaluable and exclusive perspectives on each trade's successes. challenges. and intricacie& In many cases. these partnerships often led to the opportunity for scholars and alumni to both job shadow their mentor and meet their professional network,. a true 'catapult' to successl
ALUMNI PROGRAM Alumni Events In 2022. the Kay Mason Foundation alumni community was invited to join in a series of enriching events and important initiatives. One of the most significant was certainly the Alumni Retreat. held in November. which offered participants a unique opportunity not only for reconnection. but also networking and collaboration. Piggybacking the retreat. Kay Mason Foundation also held two dinner events which further strengthened the connection both between and with our alumni base. Elsewhere in 2022. an Alumni Advisory Board was established to foster stronger relations with program graduates and to provide them with strategic guidance in navigating the next steps. Comprised of distinguished Kay Mason Foundation alums. the board serves as a bridge between past students and the Kay Mason Foundation board of directors and staff: and its creation has underscored the importance of alumni in institutional growth. The board's main objective aims to facilitate mentorship. networking opportunities. and collaborative projects. Their insights and experiences are invaluable in shaping Kay Mason Foundation's future direction. Alumni Mentorships During 2022. several notable alumni mentorships were established to foster growth and guidance among our community. Naledi Maponopono partnered as a mentorwith Sisanda Madwayi. combining their unique experiences to create synergetic learning. Mbali Desree Kubheka (Mentor) paired with Aluthando Akpaka (Menteel and their collaboration enhanced and continues to enhance both their professional and personal growth. Kim Nduna Imentorl and Oyama Eland Imenteel formed another partnership. each contributing significantly to the other's journey and perspective. ,J•
THE 2022 ETHICAL LEADERSHIP COMPETITION In July of 2022. we held an Ethical Leadership Competition in which participants were asked to consider how they. as South Africa's future leaders. should go about theirwork and lives with a keen mindfulness toward ethics. integrity. respect. and a strong sense of community. The curriculum aims to prepare scholars for the challenges. and sometimes. temptations. of leadership by helping them to develop a strong ethical code and set of moral values that they can and should apply to their own lives. The program started with a special event at the Truth to Power.. Desmond Tutu and the Churches in the Struggle Against Apartheid exhibition. which celebrates the legacy of the late Archbishop Desmond Tutu. late patron of Kay Mason Foundation. After seeing the permanent installation at the Old Granary Building in Cape Town. the scholars were given a talk on ethical leadership by Kay Mason Foundation COO. Phumi Nhlapo. We were also blessed to have the Mo Ibrahim Foundation supporting this initiative as well. WHAT IS ETHICAL LEADERSHIP? IW5urnmallÈ hWh•hi Inp THETOP 3 Ih•ii nn•b>th•M THE TOP 3 kn7W.,.- h¢biiln L•bOIi *vIlnand Ii¥rtry THE WINNER . prk•fft) Tl orn12 STAY INFORMSD
FINANCIAL REPORTS x-
In the fiscal year 2022. the Kay Mason Foundation raised R 10.217.513 in income. This represents a significant increase compared to the previous year when we raised R 7.540.780. SUMMARY The increase in income from 2021 to 2022. amounting to R 2.676.733. demonstrates the remarkable growth and continued support for our organization's mission to provide scholarships and educational opportunities to desetving individuals. This achievement reflects the dedication and hard work of our team. as well as the generosity of our donors. partners. and supporters. We want to express our deep gratitude to all those who contributed to this success. The additional funds will enable us to expand our scholarship programs. reach a wider audience. and significantly impact the lives of aspiring scholars in our community. 11 We are committed to ensuring that every cent raised is used efficiently and effectively to support our scholarship recipients. As a non-profit organization. we remain committed to financial transparency. Detailed financial statements. including income and expenditure breakdowns. are available for review by our donors. We extend our heartfelt thanks to our donors. volunteers. and partners for their unwavering support. allowing us to increase our impact and help more students achieve their educational dreams. Together. we are making a difference in our community. one scholarship at a time.
Revenue
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R12,000,000R12 000 000.00
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R10,000,000R10 000 000.00
R8,000,000R8 000 000.00
R6,000,000R6 000 000.00
R4,000,000R4 000 000.00
R2,000,000R2 000 000.00
R0
R0.00
2021 2022
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Office Cost Expenditure
3%
Marketing and
Fundraising Program
27%
Scholarship Program
50%
Governance
9%
Alumnae Program
8% Catapult Program
3%
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FINANCIAL SUMMARY Our revenue sources during 2022 were as follows: Corporate funding Individual funding Charitable Trusts and Foundations Donations In Kind The total revenue for 2022 was RIO,217.513 7% KAY MASON FOUNDATON INCOME STREAMS Corporates - 50% 2% Individuals - 3996 Charitable Trusts - 296 Other- 7Yo' Donations In Kind - 2% (*-R18.74) (£l-R23.46} ZAR GBP USD GRAND TOTAL 50% REVENUE PER COUNTRY 39% CORPORATES R 4. 544. 651 £ 26.853 R 5.174.618 CHARITABLE TRusfs R 208390 INDMDUALS £iooo R 231.850 R l. OTr. 027 DONATIONS IN KIND R IT7. 700 OTHER INCOME R 82. 710 £ 93.472 $ 37.305 R 3.962.985 R IT7.700 £ 25.049 R 670.360 TOTAL REVENUE R 6084478 £146374 R 10 217 513 2Q ' Other refer5 to income from an insurance claim. interest received and Gift Aid payout5
QUALITY GOVERNANCE Our Board is made up of senior business leaders in South Africa. the United Kingdom and the United States of America. and we adhere to best practices for our operational and auditing procedures We have quarterly Board of Trustee meetings. We also have an Alumni Advisory Board that joins two Trustee meetings annuallyto offer strategic direction and input. We are embarking on a robust monitoring and evaluation program in 2023. The Kay Mason Foundation has been verified Level l B-BBEE compliant (the highest level in South Africa) with a beneficiary status of 95% Black in South Africa. All donations are eligible for tax deductions in the United Kingdom. United States of America and South Africa.
LESLE ANN LESLEY-ANN BRANDT is gearing up to have her most groundbreaking year yet. She can next be seen starring as "Pearl Thorne" in the upcoming THE WALKING DEAD spinoff opposite Andrew Lincoln and Danai Gurira. Production recently wrapped and the series is set to premiere in 2024. Our new global brand ambassador Most recently. she starred in Netflix's fan-favorite series LUCIFER. which released its sixth and final season in September 2021. Brandt plays "Maze." a demon from Hell and loveable anti-hero. Throughout the show's successful run. LUCIFER'S dedicated fans have really rallied around the series by being super vocal about their love for the show. especially on social media. and championed its successful transition from Fox to Netflix in 2018. Born and raised in Cape Town South Africa. Brandt moved to New Zealand after graduating high school where she discovered her love for acting. Growing up outside of Hollywood. pursuing acting meant a dedicated perseverance to overcome obstacles to leave her job as a recruitment consultant in l.T. and commit to her craft 14 After starting her career in the New Zealand series DIPOLMATIC IMMUNITY. Brandt most notably played -Naevia" in Starz's SPARTACUS: BLOOD and SAND. which garnered her international attention. She also starred in the feature film DRI. opposite Sam Worthington and her other previous credits include GOTHAM. HORROR NOIRE. THE LIBRARIANS. KILLER WOMEN. BEING MARYJANE. LEGEND OFTHE SEEKER. MEMPHIS BEAT. Brandt is committed to making an impact in the world around her., she practices veganism. is a passionate philanthropist. and devoted mother. Brandt is a producer. actor and activist currently residing in LosAngele&
OUR BOARD OFTRUSTEES (United States of America and South Africa) Rl¢hard Mason Founder Sasha Knott Chairlady John Sydney Trahan Noluvuyo Ntllashe (United States of America) Lynda Cooper Davld De Conlng Chloe Blumberg Dr Leyla Husseln Derek Dykman OUR BOARD OF TRUSTEES (United Kingdom) Rl¢hard Mason Founder Henry Dowdlng Eva Marfa DSmitrladSs Alexandra Zlntle Amanda St Levans Catherlne Gull Martln Autotte ' Dr Leyla Hussein and Derek Dykman have since resigned from the board, at the end of 2022
KAY MASON FOUNDATION SOUTH AFRICA TRUST OFFICIAL INFORMATION NAME OF ORGANIZATION Kay Mason Foundation South Africa Trust REGISTERED NAME Kay Mason Foundation South Africa Trust iliiijiF!!!Ila g. DATE OF ESTABLISHMENT NPO No 091-998 (Date registered 10 August 20111 PBO No 930036244 (Date registered 21 June 20111 Trust.. IT3971201i (Date registered 23 February 20111 !ill!ll!!liiilj iiiu !!ilii iii LEGAL STATUS Trust and NPO and PBO with 18A Tax Status 'IV SA ADDRESS Physical Office 202 Omnipark Building. 102 Edward Street Bellville 7530 Registered Address PO Box 4893. Tygervalley 7536 UK Details: Charity Registered Address: 12 Almeida Street. Flat C. London. Nl ITA Charity Registration Number.. 1094073 CONTACT DETAILS OF ORGANIZATION Telephone: +2710121917 1853 Website: W.krnf.or .za Email: hello kmf.or .za
DocuSign Envelope ID: FE4BC339-1617-4A9E-BE06-D11B86432773
REGISTERED CHARITY NUMBER: 1094073
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2022
for
The Kay Mason Foundation
Moore
Chartered Accountants
30 Gay Street
Bath
BA1 2PA
DocuSign Envelope ID: FE4BC339-1617-4A9E-BE06-D11B86432773
The Kay Mason Foundation
Contents of the Financial Statements
for the Year Ended 31 December 2022
Page |
|
|---|---|
Report of the Trustees |
1 to 2 |
Independent Examiner's Report |
3 |
Statement of Financial Activities |
4 |
Balance Sheet |
5 |
Notes to the Financial Statements |
6 to 9 |
Detailed Statement of Financial Activities |
10 |
DocuSign Envelope ID: FE4BC339-1617-4A9E-BE06-D11B86432773
The Kay Mason Foundation
Report of the Trustees
for the Year Ended 31 December 2022
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyear ended
31December2022.ThetrusteeshaveadoptedtheprovisionsofAccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordance with
the FinancialReportingStandardapplicablein the UK and Republicof Ireland(FRS 102)(effective1 January
2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The principal activities and objects of the foundation are as follows:
- The advancementof the academic,technicaland physicaleducationof young personsup to the age of 25,
or such other age as the Trustees may from time to time determine.
- The reliefof povertyhardshipand distressof youngpersonsup to the age of 25 (or such otherage as the
Trusteesmay,fromtimetotime,determine)whoareinneedofsuchreliefbyreasonoftheirsocial and
economic situation or as a result of of local, national or international disaster or for any other reason.
-ForsuchotherpurposeswhichareexclusivelycharitablewithinthelawofEnglandandWalesas the
Trustees shall decide.
Fundsraisedby The KayMasonFoundationin the UK areprimarilytransferredto the associatedcharity in
SouthAfrica(TheKayMasonFoundationSouthAfricaTrust(KMFSAT)).TheobjectsofKMFSAT (as
containedinitsTrustDeed)areprimarilythesameasthoseofTheKayMasonFoundationand Richard
Mason, the Chairman of the board of Trustees of the Kay Mason Foundation is also a Trustee of KMFSAT.
FINANCIAL REVIEW
Financial position
Incomefromdonationsandgrantsof£146,374waslowerthanlastyear(£191,431).TheTrustees believe
thata satisfactorylevelofongoingdonationswillcontinuetobereceived.Grantspayableduringthe year
of £109,161 were paid directly to The Kay Mason Foundation South Africa Trust (2021 - £185,871).
There was an overall net surplus for the year of £26,068 (2021 - £2,380).
Investment policy
Currentlyalldonatedfundsarekeptin eitheroneorotheroftheFoundation'sbankaccounts.This allows
theFoundationtheflexibilitytopayfees,pocketmoney,donationsandotherexpenseswhen required.
OncetheTrusteesagreethattherearesufficientfundsavailabletotransferfromcashdepositinto longer
term investments, they will come to an agreement on a more detailed long-term investment policy.
Reserves policy
It is the Foundation'sintentionto build up additionalreservesfor the charityto establisha solid foundation
for the Foundation's future.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrustandconstitutesan unincorporated
charity.
Page 1
DocuSign Envelope ID: FE4BC339-1617-4A9E-BE06-D11B86432773
The Kay Mason Foundation
Report of the Trustees
for the Year Ended 31 December 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
TheTrusteesareresponsibleforadministrationandinvestmentpolicyoftheFoundation.Theboard of
Trustees consists of 6 members. The Foundation allows for the appointment of additional Trustees.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1094073
Principal address
PO Box 4893
Tygervalley
Cape Town
South Africa
Trustees
R Mason
A Zintl
E Dimitriadis
C Gull
M Autotte
H Dowding
A Jobbins
Independent Examiner
Moore Chartered Accountants 30 Gay Street Bath BA1 2PA 10/26/2023 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.................................................................
M Autotte - Trustee
Page 2
DocuSign Envelope ID: FE4BC339-1617-4A9E-BE06-D11B86432773
Independent Examiner's Report to the Trustees of
The Kay Mason Foundation
Independent examiner's report to the trustees of The Kay Mason Foundation
IreporttothecharitytrusteesonmyexaminationoftheaccountsofTheKayMasonFoundation (the
Trust) for the year ended 31 December 2022.
Responsibilities and basis of report
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsin accordance
with the requirements of the Charities Act 2011 ('the Act').
I reportin respectof myexaminationof theTrust'saccountscarriedoutunderSection145of theAct and
incarryingoutmyexaminationIhavefollowedallapplicableDirectionsgivenbytheCharity Commission
under Section 145(5)(b) of the Act.
Independent examiner's statement
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattention in
connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning 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 true and fair view which is not a matter considered as part of an independent examination.
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.
Robert Branch
Moore
Chartered Accountants
30 Gay Street
Bath
BA1 2PA
Date: .............................................
Page 3
DocuSign Envelope ID: FE4BC339-1617-4A9E-BE06-D11B86432773
The Kay Mason Foundation
Statement of Financial Activities
for the Year Ended 31 December 2022
Year Ended31.12.22UnrestrictedEndowmentTotalfundfundfundsNotes£££INCOME AND ENDOWMENTS FROMDonations and legacies149,287-149,287EXPENDITURE ONRaising funds9,251-9,251Charitable activitiesCharitable activities111,056-111,056Total120,307-120,307NET INCOME28,980-28,980RECONCILIATION OF FUNDSTotal funds brought forward30,14750030,647TOTAL FUNDS CARRIED FORWARD59,12750059,627 |
Period1.11.20to31.12.21Totalfunds£191,431 |
|---|---|
2,286186,765 |
|
189,051 |
|
2,38028,267 |
|
30,647 |
The notes form part of these financial statements
Page 4
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The Kay Mason Foundation
Balance Sheet
31 December 2022
31.12.22 |
31.12.21 |
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|---|---|---|---|---|---|---|
Unrestricted |
Endowment |
Total |
Total |
|||
fund |
fund |
funds |
funds |
|||
Notes |
£ |
£ |
£ |
£ |
||
CURRENT ASSETS |
||||||
Debtors |
4 |
24,774 |
- |
24,774 |
24 |
|
Cash at bank |
34,971 |
500 |
35,471 |
31,223 |
||
59,745 |
500 |
60,245 |
31,247 |
|||
CREDITORS |
||||||
Amounts falling due within one year |
5 |
(618) |
- |
(618) |
(600) |
|
NET CURRENT ASSETS |
59,127 |
500 |
59,627 |
30,647 |
||
TOTAL ASSETS LESS CURRENT LIABILITIES |
59,127 |
500 |
59,627 |
30,647 |
||
NET ASSETS |
59,127 |
500 |
59,627 |
30,647 |
||
FUNDS |
6 |
|||||
Unrestricted funds |
59,127 |
30,147 |
||||
Endowment funds |
500 |
500 |
||||
TOTAL FUNDS |
59,627 |
30,647 |
The financial statements were approved by the Board of Trustees and authorised for issue on 10/26/2023 ............................................. and were signed on its behalf by:
.............................................
M Autotte - Trustee
The notes form part of these financial statements
Page 5
DocuSign Envelope ID: FE4BC339-1617-4A9E-BE06-D11B86432773
Notes to the Financial Statements
for the Year Ended 31 December 2022
The Kay Mason Foundation
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsin accordance
withtheFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicableintheUKandRepublicofIreland'andtheCharitiesAct2011.Thefinancial statements
have been prepared under the historical cost convention.
Income
Allincomeis recognisedin theStatementofFinancialActivitiesoncethecharityhasentitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthe charityto that expenditure,it is probablethat a transferof economicbenefitswill be
requiredinsettlementandtheamountoftheobligationcanbemeasuredreliably.Expenditure is
accountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateall cost
relatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingsthey have
been allocated to activities on a basis consistent with the use of resources.
Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedas a
commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
Trustees.
EndowmentfundsrepresentinitiallongtermfundingoftheFoundationandareexpendableat the
Trustees' discretion.
Restricted funds are provided for specific purposes.
Foreign exchange
Assets and liabilitiesin foreigncurrenciesare translatedinto sterlingat the rate of exchangeruling at
thebalancesheetdate.Transactionsinforeigncurrenciesaretranslatedintosterlingatthe rate
rulingonthedateofthetransaction.Exchangedifferencesaretakenintoaccountin arrivingat the
net movement in funds.
continued...
Page 6
DocuSign Envelope ID: FE4BC339-1617-4A9E-BE06-D11B86432773
The Kay Mason Foundation
Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
2. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2022 nor
for the period ended 31 December 2021.
Trustees' expenses
Duringtheyear,notrusteesreceivedreimbursementofexpenses(2021-Notrustee received
reimbursement of expenses)
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
UnrestrictedEndowmentfundfund££INCOME AND ENDOWMENTS FROMDonations and legacies191,431-EXPENDITURE ONRaising funds2,286-Charitable activitiesCharitable activities186,765-Total189,051-NET INCOME2,380-RECONCILIATION OF FUNDSTotal funds brought forward27,767500TOTAL FUNDS CARRIED FORWARD30,147500 |
Totalfunds£191,431 |
|---|---|
2,286186,765 |
|
189,051 |
|
2,38028,267 |
|
30,647 |
continued...
Page 7
DocuSign Envelope ID: FE4BC339-1617-4A9E-BE06-D11B86432773
The Kay Mason Foundation
Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtorsOther debtors5.CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAROther creditors6.MOVEMENT IN FUNDSAt 1.1.22£Unrestricted fundsGeneral fund30,147Endowment fundsPermanent Endowment Fund500TOTAL FUNDS30,647Net movement in funds, included in the above are as follows:Incomingresources£Unrestricted fundsGeneral fund149,287TOTAL FUNDS149,287 |
31.12.2231.12.21££24,750-242424,7742431.12.2231.12.21££618600NetmovementAtin funds31.12.22££28,98059,127-50028,98059,627ResourcesMovementexpendedin funds££(120,307)28,980(120,307)28,980 |
|---|---|
continued...
Page 8
DocuSign Envelope ID: FE4BC339-1617-4A9E-BE06-D11B86432773
The Kay Mason Foundation
Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
6. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Unrestricted fundsGeneral fundEndowment fundsPermanent Endowment FundTOTAL FUNDS |
NetAtmovementAt1.11.20in funds31.12.21£££27,7672,38030,147500-50028,2672,38030,647 |
NetAtmovementAt1.11.20in funds31.12.21£££27,7672,38030,147500-50028,2672,38030,647 |
|---|---|---|
30,647 |
Comparative net movement in funds, included in the above are as follows:
Unrestricted fundsGeneral fundTOTAL FUNDS |
Incomingresources£191,431191,431 |
ResourcesMovementexpendedin funds££(189,051)2,380(189,051)2,380 |
|---|---|---|
7. RELATED PARTY DISCLOSURES
DuringtheyeartheFoundationmadegrantsof£109,161(2021-£185,871)toTheKay Mason
Foundation South Africa Trust, an associated charity.
Page 9
DocuSign Envelope ID: FE4BC339-1617-4A9E-BE06-D11B86432773
The Kay Mason Foundation
Detailed Statement of Financial Activities
for the Year Ended 31 December 2022
Detailed Statement of Financial Activitiesfor the Year Ended 31 December 2022 |
||
|---|---|---|
Period |
||
1.11.20 |
||
Year Ended |
to |
|
31.12.22 |
31.12.21 |
|
£ |
£ |
|
INCOME AND ENDOWMENTS |
||
Donations and legacies |
||
Donations |
124,238 |
165,994 |
Gift aid |
25,049 |
25,437 |
149,287 |
191,431 |
|
Total incoming resources |
149,287 |
191,431 |
EXPENDITURE |
||
Raising donations and legacies |
||
Fundraising charges |
7,739 |
150 |
Event costs |
- |
479 |
Card handling fees |
852 |
1,657 |
8,591 |
2,286 |
|
Charitable activities |
||
Subscriptions |
911 |
- |
Professional fees |
966 |
- |
Grants to institutions |
109,161 |
185,871 |
111,038 |
185,871 |
|
Support costs |
||
Governance costs |
||
Sundries |
- |
264 |
Accountancy fees |
678 |
630 |
678 |
894 |
|
Total resources expended |
120,307 |
189,051 |
Net income |
28,980 |
2,380 |
This page does not form part of the statutory financial statements
Page 10
DocuSign Envelope ID: FE4BC339-1617-4A9E-BE06-D11B86432773
REGISTERED CHARITY NUMBER: 1094073
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2022
for
The Kay Mason Foundation
Moore
Chartered Accountants
30 Gay Street
Bath
BA1 2PA
DocuSign Envelope ID: FE4BC339-1617-4A9E-BE06-D11B86432773
The Kay Mason Foundation
Contents of the Financial Statements
for the Year Ended 31 December 2022
Page |
|
|---|---|
Report of the Trustees |
1 to 2 |
Independent Examiner's Report |
3 |
Statement of Financial Activities |
4 |
Balance Sheet |
5 |
Notes to the Financial Statements |
6 to 9 |
Detailed Statement of Financial Activities |
10 |
DocuSign Envelope ID: FE4BC339-1617-4A9E-BE06-D11B86432773
The Kay Mason Foundation
Report of the Trustees
for the Year Ended 31 December 2022
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyear ended
31December2022.ThetrusteeshaveadoptedtheprovisionsofAccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordance with
the FinancialReportingStandardapplicablein the UK and Republicof Ireland(FRS 102)(effective1 January
2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The principal activities and objects of the foundation are as follows:
- The advancementof the academic,technicaland physicaleducationof young personsup to the age of 25,
or such other age as the Trustees may from time to time determine.
- The reliefof povertyhardshipand distressof youngpersonsup to the age of 25 (or such otherage as the
Trusteesmay,fromtimetotime,determine)whoareinneedofsuchreliefbyreasonoftheirsocial and
economic situation or as a result of of local, national or international disaster or for any other reason.
-ForsuchotherpurposeswhichareexclusivelycharitablewithinthelawofEnglandandWalesas the
Trustees shall decide.
Fundsraisedby The KayMasonFoundationin the UK areprimarilytransferredto the associatedcharity in
SouthAfrica(TheKayMasonFoundationSouthAfricaTrust(KMFSAT)).TheobjectsofKMFSAT (as
containedinitsTrustDeed)areprimarilythesameasthoseofTheKayMasonFoundationand Richard
Mason, the Chairman of the board of Trustees of the Kay Mason Foundation is also a Trustee of KMFSAT.
FINANCIAL REVIEW
Financial position
Incomefromdonationsandgrantsof£146,374waslowerthanlastyear(£191,431).TheTrustees believe
thata satisfactorylevelofongoingdonationswillcontinuetobereceived.Grantspayableduringthe year
of £109,161 were paid directly to The Kay Mason Foundation South Africa Trust (2021 - £185,871).
There was an overall net surplus for the year of £26,068 (2021 - £2,380).
Investment policy
Currentlyalldonatedfundsarekeptin eitheroneorotheroftheFoundation'sbankaccounts.This allows
theFoundationtheflexibilitytopayfees,pocketmoney,donationsandotherexpenseswhen required.
OncetheTrusteesagreethattherearesufficientfundsavailabletotransferfromcashdepositinto longer
term investments, they will come to an agreement on a more detailed long-term investment policy.
Reserves policy
It is the Foundation'sintentionto build up additionalreservesfor the charityto establisha solid foundation
for the Foundation's future.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrustandconstitutesan unincorporated
charity.
Page 1
DocuSign Envelope ID: FE4BC339-1617-4A9E-BE06-D11B86432773
The Kay Mason Foundation
Report of the Trustees
for the Year Ended 31 December 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
TheTrusteesareresponsibleforadministrationandinvestmentpolicyoftheFoundation.Theboard of
Trustees consists of 6 members. The Foundation allows for the appointment of additional Trustees.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1094073
Principal address
PO Box 4893
Tygervalley
Cape Town
South Africa
Trustees
R Mason
A Zintl
E Dimitriadis
C Gull
M Autotte
H Dowding
A Jobbins
Independent Examiner
Moore Chartered Accountants 30 Gay Street Bath BA1 2PA 10/26/2023 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.................................................................
M Autotte - Trustee
Page 2
DocuSign Envelope ID: FE4BC339-1617-4A9E-BE06-D11B86432773
Independent Examiner's Report to the Trustees of
The Kay Mason Foundation
Independent examiner's report to the trustees of The Kay Mason Foundation
IreporttothecharitytrusteesonmyexaminationoftheaccountsofTheKayMasonFoundation (the
Trust) for the year ended 31 December 2022.
Responsibilities and basis of report
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsin accordance
with the requirements of the Charities Act 2011 ('the Act').
I reportin respectof myexaminationof theTrust'saccountscarriedoutunderSection145of theAct and
incarryingoutmyexaminationIhavefollowedallapplicableDirectionsgivenbytheCharity Commission
under Section 145(5)(b) of the Act.
Independent examiner's statement
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattention in
connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning 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 true and fair view which is not a matter considered as part of an independent examination.
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.
Robert Branch
Moore
Chartered Accountants
30 Gay Street
Bath
BA1 2PA
Date: .............................................
Page 3
DocuSign Envelope ID: FE4BC339-1617-4A9E-BE06-D11B86432773
The Kay Mason Foundation
Statement of Financial Activities
for the Year Ended 31 December 2022
Year Ended31.12.22UnrestrictedEndowmentTotalfundfundfundsNotes£££INCOME AND ENDOWMENTS FROMDonations and legacies149,287-149,287EXPENDITURE ONRaising funds9,251-9,251Charitable activitiesCharitable activities111,056-111,056Total120,307-120,307NET INCOME28,980-28,980RECONCILIATION OF FUNDSTotal funds brought forward30,14750030,647TOTAL FUNDS CARRIED FORWARD59,12750059,627 |
Period1.11.20to31.12.21Totalfunds£191,431 |
|---|---|
2,286186,765 |
|
189,051 |
|
2,38028,267 |
|
30,647 |
The notes form part of these financial statements
Page 4
DocuSign Envelope ID: FE4BC339-1617-4A9E-BE06-D11B86432773
The Kay Mason Foundation
Balance Sheet
31 December 2022
31.12.22 |
31.12.21 |
|||||
|---|---|---|---|---|---|---|
Unrestricted |
Endowment |
Total |
Total |
|||
fund |
fund |
funds |
funds |
|||
Notes |
£ |
£ |
£ |
£ |
||
CURRENT ASSETS |
||||||
Debtors |
4 |
24,774 |
- |
24,774 |
24 |
|
Cash at bank |
34,971 |
500 |
35,471 |
31,223 |
||
59,745 |
500 |
60,245 |
31,247 |
|||
CREDITORS |
||||||
Amounts falling due within one year |
5 |
(618) |
- |
(618) |
(600) |
|
NET CURRENT ASSETS |
59,127 |
500 |
59,627 |
30,647 |
||
TOTAL ASSETS LESS CURRENT LIABILITIES |
59,127 |
500 |
59,627 |
30,647 |
||
NET ASSETS |
59,127 |
500 |
59,627 |
30,647 |
||
FUNDS |
6 |
|||||
Unrestricted funds |
59,127 |
30,147 |
||||
Endowment funds |
500 |
500 |
||||
TOTAL FUNDS |
59,627 |
30,647 |
The financial statements were approved by the Board of Trustees and authorised for issue on 10/26/2023 ............................................. and were signed on its behalf by:
.............................................
M Autotte - Trustee
The notes form part of these financial statements
Page 5
DocuSign Envelope ID: FE4BC339-1617-4A9E-BE06-D11B86432773
Notes to the Financial Statements
for the Year Ended 31 December 2022
The Kay Mason Foundation
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsin accordance
withtheFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicableintheUKandRepublicofIreland'andtheCharitiesAct2011.Thefinancial statements
have been prepared under the historical cost convention.
Income
Allincomeis recognisedin theStatementofFinancialActivitiesoncethecharityhasentitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthe charityto that expenditure,it is probablethat a transferof economicbenefitswill be
requiredinsettlementandtheamountoftheobligationcanbemeasuredreliably.Expenditure is
accountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateall cost
relatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingsthey have
been allocated to activities on a basis consistent with the use of resources.
Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedas a
commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
Trustees.
EndowmentfundsrepresentinitiallongtermfundingoftheFoundationandareexpendableat the
Trustees' discretion.
Restricted funds are provided for specific purposes.
Foreign exchange
Assets and liabilitiesin foreigncurrenciesare translatedinto sterlingat the rate of exchangeruling at
thebalancesheetdate.Transactionsinforeigncurrenciesaretranslatedintosterlingatthe rate
rulingonthedateofthetransaction.Exchangedifferencesaretakenintoaccountin arrivingat the
net movement in funds.
continued...
Page 6
DocuSign Envelope ID: FE4BC339-1617-4A9E-BE06-D11B86432773
The Kay Mason Foundation
Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
2. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2022 nor
for the period ended 31 December 2021.
Trustees' expenses
Duringtheyear,notrusteesreceivedreimbursementofexpenses(2021-Notrustee received
reimbursement of expenses)
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
UnrestrictedEndowmentfundfund££INCOME AND ENDOWMENTS FROMDonations and legacies191,431-EXPENDITURE ONRaising funds2,286-Charitable activitiesCharitable activities186,765-Total189,051-NET INCOME2,380-RECONCILIATION OF FUNDSTotal funds brought forward27,767500TOTAL FUNDS CARRIED FORWARD30,147500 |
Totalfunds£191,431 |
|---|---|
2,286186,765 |
|
189,051 |
|
2,38028,267 |
|
30,647 |
continued...
Page 7
DocuSign Envelope ID: FE4BC339-1617-4A9E-BE06-D11B86432773
The Kay Mason Foundation
Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtorsOther debtors5.CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAROther creditors6.MOVEMENT IN FUNDSAt 1.1.22£Unrestricted fundsGeneral fund30,147Endowment fundsPermanent Endowment Fund500TOTAL FUNDS30,647Net movement in funds, included in the above are as follows:Incomingresources£Unrestricted fundsGeneral fund149,287TOTAL FUNDS149,287 |
31.12.2231.12.21££24,750-242424,7742431.12.2231.12.21££618600NetmovementAtin funds31.12.22££28,98059,127-50028,98059,627ResourcesMovementexpendedin funds££(120,307)28,980(120,307)28,980 |
|---|---|
continued...
Page 8
DocuSign Envelope ID: FE4BC339-1617-4A9E-BE06-D11B86432773
The Kay Mason Foundation
Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
6. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Unrestricted fundsGeneral fundEndowment fundsPermanent Endowment FundTOTAL FUNDS |
NetAtmovementAt1.11.20in funds31.12.21£££27,7672,38030,147500-50028,2672,38030,647 |
NetAtmovementAt1.11.20in funds31.12.21£££27,7672,38030,147500-50028,2672,38030,647 |
|---|---|---|
30,647 |
Comparative net movement in funds, included in the above are as follows:
Unrestricted fundsGeneral fundTOTAL FUNDS |
Incomingresources£191,431191,431 |
ResourcesMovementexpendedin funds££(189,051)2,380(189,051)2,380 |
|---|---|---|
7. RELATED PARTY DISCLOSURES
DuringtheyeartheFoundationmadegrantsof£109,161(2021-£185,871)toTheKay Mason
Foundation South Africa Trust, an associated charity.
Page 9
DocuSign Envelope ID: FE4BC339-1617-4A9E-BE06-D11B86432773
The Kay Mason Foundation
Detailed Statement of Financial Activities
for the Year Ended 31 December 2022
Detailed Statement of Financial Activitiesfor the Year Ended 31 December 2022 |
||
|---|---|---|
Period |
||
1.11.20 |
||
Year Ended |
to |
|
31.12.22 |
31.12.21 |
|
£ |
£ |
|
INCOME AND ENDOWMENTS |
||
Donations and legacies |
||
Donations |
124,238 |
165,994 |
Gift aid |
25,049 |
25,437 |
149,287 |
191,431 |
|
Total incoming resources |
149,287 |
191,431 |
EXPENDITURE |
||
Raising donations and legacies |
||
Fundraising charges |
7,739 |
150 |
Event costs |
- |
479 |
Card handling fees |
852 |
1,657 |
8,591 |
2,286 |
|
Charitable activities |
||
Subscriptions |
911 |
- |
Professional fees |
966 |
- |
Grants to institutions |
109,161 |
185,871 |
111,038 |
185,871 |
|
Support costs |
||
Governance costs |
||
Sundries |
- |
264 |
Accountancy fees |
678 |
630 |
678 |
894 |
|
Total resources expended |
120,307 |
189,051 |
Net income |
28,980 |
2,380 |
This page does not form part of the statutory financial statements
Page 10