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
**----- Start of picture text -----**
R12,000,000R12 000 000.00
**----- End of picture text -----**
**----- Start of picture text -----**
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
**----- End of picture text -----**
**----- Start of picture text -----**
Office Cost Expenditure
3%
Marketing and
Fundraising Program
27%
Scholarship Program
50%
Governance
9%
Alumnae Program
8% Catapult Program
3%
**----- End of picture text -----**
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 Ended`
`31.12.22`
`Unrestricted`
`Endowment`
`Total`
`fund`
`fund`
`funds`
`Notes`
`£`
`£`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`149,287`
`-`
`149,287`
**`EXPENDITURE ON`**
`Raising funds`
`9,251`
`-`
`9,251`
**`Charitable activities`**
`Charitable activities`
`111,056`
`-`
`111,056`
**`Total`**
`120,307`
`-`
`120,307`
**`NET INCOME`**
`28,980`
`-`
`28,980`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`30,147`
`500`
`30,647`
**`TOTAL FUNDS CARRIED FORWARD`**
`59,127`
`500`
`59,627`|`Period`
`1.11.20`
`to`
`31.12.21`
`Total`
`funds`
`£`
`191,431`|
|---|---|
||`2,286`
`186,765`|
||`189,051`|
||`2,380`
`28,267`|
||`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`**
|`Unrestricted`
`Endowment`
`fund`
`fund`
`£`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`191,431`
`-`
**`EXPENDITURE ON`**
`Raising funds`
`2,286`
`-`
**`Charitable activities`**
`Charitable activities`
`186,765`
`-`
**`Total`**
`189,051`
`-`
**`NET INCOME`**
`2,380`
`-`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`27,767`
`500`
**`TOTAL FUNDS CARRIED FORWARD`**
`30,147`
`500`|`Total`
`funds`
`£`
`191,431`|
|---|---|
||`2,286`
`186,765`|
||`189,051`|
||`2,380`
`28,267`|
||`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 debtors`
`Other debtors`
**`5.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Other creditors`
**`6.`**
**`MOVEMENT IN FUNDS`**
`At 1.1.22`
`£`
**`Unrestricted funds`**
`General fund`
`30,147`
**`Endowment funds`**
`Permanent Endowment Fund`
`500`
**`TOTAL FUNDS`**
`30,647`
`Net movement in funds, included in the above are as follows:`
`Incoming`
`resources`
`£`
**`Unrestricted funds`**
`General fund`
`149,287`
**`TOTAL FUNDS`**
`149,287`|`31.12.22`
`31.12.21`
`£`
`£`
`24,750`
`-`
`24`
`24`
`24,774`
`24`
`31.12.22`
`31.12.21`
`£`
`£`
`618`
`600`
`Net`
`movement`
`At`
`in funds`
`31.12.22`
`£`
`£`
`28,980`
`59,127`
`-`
`500`
`28,980`
`59,627`
`Resources`
`Movement`
`expended`
`in 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 funds`**
`General fund`
**`Endowment funds`**
`Permanent Endowment Fund`
**`TOTAL FUNDS`**|`Net`
`At`
`movement`
`At`
`1.11.20`
`in funds`
`31.12.21`
`£`
`£`
`£`
`27,767`
`2,380`
`30,147`
`500`
`-`
`500`
`28,267`
`2,380`
`30,647`|`Net`
`At`
`movement`
`At`
`1.11.20`
`in funds`
`31.12.21`
`£`
`£`
`£`
`27,767`
`2,380`
`30,147`
`500`
`-`
`500`
`28,267`
`2,380`
`30,647`|
|---|---|---|
|||`30,647`|
```
Comparative net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`191,431`
`191,431`|`Resources`
`Movement`
`expended`
`in 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 Activities`
`for 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 Ended`
`31.12.22`
`Unrestricted`
`Endowment`
`Total`
`fund`
`fund`
`funds`
`Notes`
`£`
`£`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`149,287`
`-`
`149,287`
**`EXPENDITURE ON`**
`Raising funds`
`9,251`
`-`
`9,251`
**`Charitable activities`**
`Charitable activities`
`111,056`
`-`
`111,056`
**`Total`**
`120,307`
`-`
`120,307`
**`NET INCOME`**
`28,980`
`-`
`28,980`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`30,147`
`500`
`30,647`
**`TOTAL FUNDS CARRIED FORWARD`**
`59,127`
`500`
`59,627`|`Period`
`1.11.20`
`to`
`31.12.21`
`Total`
`funds`
`£`
`191,431`|
|---|---|
||`2,286`
`186,765`|
||`189,051`|
||`2,380`
`28,267`|
||`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`**
|`Unrestricted`
`Endowment`
`fund`
`fund`
`£`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`191,431`
`-`
**`EXPENDITURE ON`**
`Raising funds`
`2,286`
`-`
**`Charitable activities`**
`Charitable activities`
`186,765`
`-`
**`Total`**
`189,051`
`-`
**`NET INCOME`**
`2,380`
`-`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`27,767`
`500`
**`TOTAL FUNDS CARRIED FORWARD`**
`30,147`
`500`|`Total`
`funds`
`£`
`191,431`|
|---|---|
||`2,286`
`186,765`|
||`189,051`|
||`2,380`
`28,267`|
||`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 debtors`
`Other debtors`
**`5.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Other creditors`
**`6.`**
**`MOVEMENT IN FUNDS`**
`At 1.1.22`
`£`
**`Unrestricted funds`**
`General fund`
`30,147`
**`Endowment funds`**
`Permanent Endowment Fund`
`500`
**`TOTAL FUNDS`**
`30,647`
`Net movement in funds, included in the above are as follows:`
`Incoming`
`resources`
`£`
**`Unrestricted funds`**
`General fund`
`149,287`
**`TOTAL FUNDS`**
`149,287`|`31.12.22`
`31.12.21`
`£`
`£`
`24,750`
`-`
`24`
`24`
`24,774`
`24`
`31.12.22`
`31.12.21`
`£`
`£`
`618`
`600`
`Net`
`movement`
`At`
`in funds`
`31.12.22`
`£`
`£`
`28,980`
`59,127`
`-`
`500`
`28,980`
`59,627`
`Resources`
`Movement`
`expended`
`in 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 funds`**
`General fund`
**`Endowment funds`**
`Permanent Endowment Fund`
**`TOTAL FUNDS`**|`Net`
`At`
`movement`
`At`
`1.11.20`
`in funds`
`31.12.21`
`£`
`£`
`£`
`27,767`
`2,380`
`30,147`
`500`
`-`
`500`
`28,267`
`2,380`
`30,647`|`Net`
`At`
`movement`
`At`
`1.11.20`
`in funds`
`31.12.21`
`£`
`£`
`£`
`27,767`
`2,380`
`30,147`
`500`
`-`
`500`
`28,267`
`2,380`
`30,647`|
|---|---|---|
|||`30,647`|
```
Comparative net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`191,431`
`191,431`|`Resources`
`Movement`
`expended`
`in 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 Activities`
`for 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
```