Docu5vJn Envelope ID.. 63D21D17-B93C447E-B941-6AOAOF03E2B6 Charlty r•glstratlon numbèr 1111147 IEngland and Wal•s} Charity reglstratlon number SC041488 (Scotland) Company reglstratlon number 0SS10132 (England and Wales) MOTO FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
Docu5vJn Envelope ID.. 63D21D17-B93C447E-B941-6AOAOF03E2B6 MOTO FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustee6 L Hughes G M Lalchem S Peacock M Gorvin M Haywood E James H Meakes R O'connell A Proder SRac J Donovan Socr•tary S Pgacock Charlty number IEngl8nd and Wale81 1111147 CharSty number Iscollandl SC041488 Company numbor 05510132 Rtgl8t•rèd offlce Molo Hospllalily Ltd Head Offlce Toddinglon Service Area Junction 11112 M1 Motorway Toddinglon 8edfordshire LU5 6HR Audltor Mercer & Hole LLP The Pinnacle 170 Midsummer Boulevard Milton Keynes Buckinghamshire MK9 1BP
Docu5vJn Envelope ID.. 63D21D17-B93C447E-B941-6AOAOF03E2B6 MOTO FOUNDATION CONTENTS Pago Trustees, report Statement of Iruslees, responsibilities Ind8pgndenl auditorfs report St8lem8nl of financial activilles 8alance sh8è1 10 Statement ol cash flows 11 Notes lo the financial st81gmenl8 12-21
Docu5vJn Envelope ID.. 63D21D17-B93C447E-B941-6AOAOF03E2B6 MOTO FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees prestsnl their report togtsther with the financi81 ststemenls of the charity for the year ended 31 December 2023. Legal and adminislralive information set out on the page prior lo the contents forms part of this report. The financial statements Comply with current $t8lulory requirements. the memoran¢Jum and arts'cles of association and the Slalemenl of Recommended Pracli¢e- Accounting and reporting for charities. The financial statements have been prepared in accordance with the accounting policies sel out in note 1 to the financial stalemenls and comply with the Molo Foundation's memorandum and articles of association, the Companies Act 2006, the Charities and Trustee Investment Iscollandl Act 2005, the Charities Accounts Iscollandl Regulation5 2006 las amended) and "Accounting and Reporting by Charities.. Slalemenl of Recomrnended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 1021" leffeclive 1 January 20191. ObJo¢tlve$ and actlvltle$ The Trustees confirm that they have referred lo the guidance on public benefit contained in the Charity Commission's general guidance on public benefit when reviewing the charity s aims, objectives and future aclivilies. The objects of the charity are lo advance all purpose5 charitable under the law of England and Wales in particular bul not exclusively by.. providing grants lo charities and organi5alions in the United Kingdorn. advancing the education of the public in particular in the conservation. protection and improvement of the physical and natural environment., prol8cling and preserving life in particular through the promotion of, Ènd education in, road safely.. promoting for general benefit of the local communities and their inhabilanls, assistance lo groups in organising and responding lo identified problems and needs which affect such persons and by lacilitaling the provision of volunteers (drawn from the employee5 of Molol 10 5UPPOrt such charitable projects for the benefit ol such persons as the Trustees see fil from lime lo lime.. and through the eslablishmenl of the Molo Foundation Benevolent Fund. relieving those individuals working for Molo who are in need of relief as the Tru$l86s detemine from lime lo lime. The pdnclpal activity was the collection of charflable funds for the above obleclivès. Achl•vgmgnts and pgrformanog Significant activities and achievements egainsl objectives The charity is reliant on donalitsns collected al different Molo servlce slalions, centrally organlsed events by the member Molo 51ralegic income generator5 co-ordinated by the Foundation e.g. customer facing environment81 niliallve8. Donations 8r8 reflected in the accounts In the year they are achieved. Molo Hospilalily Ltd I'molo") continue wllh Ihelr commllmenl lo our charity by allowing charlty Iln collection, In a saf8 way. lo be kept next lo tills. Pennies colleGlions have ¢onlinu8d lo contribute lo sile income via credit card terminals facililaling cashless donations lolalling £133,087 in 2023, alongside additional contributions from siles through 'loo good lo go, boosting income generated by siles by another £95,184. This year we also received donation from Molo of £50.000 towards the benevol&nl fund for colleagues in need ol relief. We can report that the 2023 year end we have raised £1,091,072. The Trustees and l are very proud and grateful lo everyone involved in helping us lo achieve this, which in turn makes il possible for us lo pledge some support lo our National Charity Partners, Mind and SAMH. We donated £400,000 to Mind and £25,000 to SAMH from 2023 funds. In 2023 Moto Hospitality donated their carrier bag income of £238,244 to Moto Foundation. This income has enabled Ihe foundalion to donate £100,000 to The Woodland Trust and £50,000 to the Wetland and Wildfowl Trust IWWTI to cary out environmental projects in 2024.
Docu5vJn Envelope ID.. 63D21D17-B93C447E-B941-6AOAOF03E2B6 MOTO FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Our ¢haril8bl& giving through fin8n¢i81 grants has been made up of the Molo found8tion Community Grant Scheme and our don81ion lo our national charity of Ihts year. The aim of our grant schtsme Is lo help our local ¢ommunily partners with monetary grants lo support specffjic projècts. Molo has siles across the UK from Kinross in S¢olland lo Exeter in the south ol England. There arts over S,000 people who work al Molo siles and Ihts Community Grant s¢hem8 was trslablished in order lo givtr something b8¢k lo these communities, of which Molo is such 8 big part. In 2023 we were able to award 62 grants donating a lolal of £63.326. Molo Foundation continues to invest in the network of adopted schools around the UK. Our adopted school network forms a core part of our community activity and now supports 57 schools and the many challenges of running a school. Included in our network of schools are a small number of special need5 schools. Our annual book programme has been running since 2006 and has now donated over 230,000 book5 into our schools. literacy resourc8s. In addition our schools were able to acc8ss our grant scheme. We actively run competitions engaging our children in writing stories and using their creats've skills lo win much needed resources for their schools Sn 2023 we received over 300 entries lo our competition. Flnanclal r•vl•w ReseNes policy The 8ccumulaled funds al 31 D8c&mber 2023 wer8 £448,852 of which £433,978 related lo unre8lricted funds. C88h reserves 8re lo fund future contributions lo support trust objectives. One year's runnlng costs are kept In reserve. Structur•, gov•mance and manag•m•nt Molo Foundation is a company limited by guarantee and a registered eharily governed by ils memorandum 8nd articles of assoclalion. Charity number,. 1111147. Company number.. OS510132. Scottish charity number.. SC041488. Th8 trustees, who ar8 also the directors for th8 purpos8 of company law, and who served during the year and up lo the date ol signature ol the financial statements were.. L Hughe$ G M Lalchem S Peacock (Trustee and Secreiaryl SRac R O'connell (Appointed 1 January 20231 A Procter IAppoinled 1 January 20231 J Donovan IAppoinled 20 April 20231 M Haywood (Appointed 18 October 20231 M Gorvin IAppoinled 18 October 20231 E James (Appointed 18 October 20231 H Meakes (Appointed 19 March 20241 J Vance (Resigned 18 April 20231 C D Brodie IResigned 1 July 20231 K Clarke (Resigned 6 July 20231 Recruitment 8nd appointment of tru$lees The Trustees are appointgd annually at the Annual Ggneral Meeting of thg wmpany by ele¢tion. New Trustees are recommended by existing Trustees. Induction training is provided for all new Trustees, wher& appropriate, and all Trustees are en¢ouraged to attend courses and wnferences that would benefit them as Trustees.
Docu5vJn Envelope ID.. 63D21D17-B93C447E-B941-6AOAOF03E2B6 MOTO FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Several of the Trvslees 8re directors of Molo. Cert8in colleagues from Molo have re¢eivod payments in the year from the Molo Foundation Benevolent Fund. as described below and In note 16. The administrators of the charity are paid through a secondment arrangement with Moto. The Charity reimburses Molo for $818ry, national insurance and pension bul not for accommodation, mobile phones, lap lops and other asso¢ialed costs. The Trustees have taken steps lo Idenllfy the malor rfsks lo whlch the chadty Is exposed and systems have been established lo miligale those risks. Carollne Campbell adminlsters the Charlty on a day lo day basls. Audltor In accordance wlth the company's artlcles. 8 resolullon proposlng that Mercer & Hole LLP be reappolnled as audllor of the company wlll be pul al a General M881ing. Relatod partl•s Molo Hospitality Limlled 18 a connected company. The 1rusle88' report W8s approved by th8 Board of Trustees. by.. DKuS•d by. SL &lvWs S Pe8cock Tru$leg L Hughes Tru8tga 161912024 D81e'.
Docu5vJn Envelope ID.. 63D21D17-B93C447E-B941-6AOAOF03E2B6 MOTO FOUNDATION STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees Iwho are 81s0 directory of the FounL481ion for the purposes of comp8ny 18wl are responsible for preparing the Trusle&s' Annu81 Report and th& financial slalements in accordance with 8pplicable law and United Kingdom Accounting Standards (United Klngdom Generally Accepted Accounting Praclicel. Company law requirtrs the Trustees to prep8rtr fin8n¢i81 slaltsmenls th81 give a true and fair view ol the slate of affairs on the ¢harily al the end of the financial year and of ils surplus or deficit for th& financial year. In doing so the Trusl8es are required lo.. select suitable accounllng policSes and then apply them conslslenlly., Observe the methods and principals in the Charities SORP 2019 IFRS1021', make judggments and 8slimates that are reasonable and prud8nl', slate whether the policies adopted are in aordance with The Charllies (Accounts and Reports) Regulation 2015, the slalemenl of Recommended Practice "Accounting and Reporting by Chari118s" and with applicable accounting slan¢Jards, subj8cI to any malerial departures ¢Jisclosed and explained in the financial slalemenls. prepare the financial slalemgnls on the 90ing concem basis unless it is in8ppropriale to prestJm8 that the charity will continue in business. The Truslees are responsible for main¢ainlng proper accounting records whSch dlsclose with reasonable accuracy at 8ny lime the financial position ol Ihe ¢harity and enables them lo ensurg Ihal Ihg financial slatemenls comply with the Companies Acl 2006 and Charities Acl 2011. The Truslees are also responsible lor safeguarding the assgls of tho charity and hence lor taking reasonable steps for the prevgnlion and detection of fraud and other irregularities. By order of the Truslegs,. Louise Hughes Chair of Trustees Samanlha Peacock Company Sgcrglary
Docu5vJn Envelope ID.. 63D21D17-B93C447E-B941-6AOAOF03E2B6 MOTO FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF MOTO FOUNDATION Oplnlon Wè havg audited thg financial slalemenls of Moto Foundation Ilhe 'Molo Foundalion'l for Ihg ygar ended 31 December 2023 which comprise the siatement of financial activities, the balance sheet. the statement of cash flows and notes to the financial statements. including significant accoLJnting policies. The financial reporting framework that has been applied in Iheir preparation is applicable law and United Kin9dom Accounling Standards, including Financial Reporting Standard 102 Thg Financial Reporting Slandard applicable in the UK and R&public of Ireland (United Kingdom Genarally Acc8ptèd Accounting Practice). In our opinion, the financlal slalemenls.. givg a trug and fair view of the slate of the charitsble company's affairs as al 31 December 2023 and of ils incoming resources and application of resources, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 2006. the Charities and Trustee Investment (Scollandl Act 2005 and regulation 8 of the Charities Accounts (Scollandl Regulations 2006 las amended). Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of the linancial s181&menls section of our report. We are indep8ndenl of the Molo Foundation in accordance with the ethical requirements that are relevant lo our audit of the financial slalemenls in the UK, including the FRC'S Ethical Standard, and we have luifilled our other ethical re5pon5ibili118s in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Con¢lu$lon$ relallng to golng ¢on¢ern In auditing the financial slatemenls, we have concluded that the Iruslee5' use of the going concern basi5 of accounting In the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating lo events or conditions Ihal, individually or collectively, may cast significant doubl on the Molo Foundation's ability lo continue as a going concern for a period of al least twelve months from when the financial statements are aulhorised for issue. Our responsibilities ènd the responsibilities of the Iruslees with respect lo going concern are described in the relevant sections of this report. Oth•r Informatlon The other information comprises the infomialion included in the annual report other than the financial slalemenls and our audilorfs report Ihereon. The Iruslees are responsible for the other information contained within the annual report. Our opinion on the financial slalements does not cover the other information and we do not express any form of assurance conclusion Ihereon. Our responsibility is to read the other inforrnalion and, in doing so, consider whether the other information is rnalerially inconsistent with the financial slaternenls or our knowledge obtained in the course of the audit, or otherwise appears to be materially misslaled. If we identify such material inconsistencies or apparent material misslalemenls, we are required lo determine whether this gives rise to a material misslalement in the financial slalements themselves. If, based on the work we have performed, we conclude that there is material misstatement of this other information, we are required lo report that fact. We have nothing to report in thi5 regard.
Docu5vJn Envelope ID.. 63D21D17-B93C447E-B941-6AOAOF03E2B6 MOTO FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF MOTO FOUNDATION Matters on whl¢h we are requlrèd to report by ex¢eptlon Wè havè nothing to report in respecl of thè following matters in relalion lo which Ihe Chariligs (Accounts and Reports) Regulations 2008 and the Charities Accounts Iscotlandl Re9ulations 2006 las amended) require us lo report to you if, in our opinion.. the information given in the financial sialements is inconsistent in any material respect with the trustees. report.. or sufficient and proper accounting records have not been kept.. or the financial slalemgnls are not in agrgemenl with the accounting records,, or wg have not received all the infomiation and explanations we require for our audit. Responslbllltles of trustees As explained more lully in the statement of Irustees, responsibilities. the trustees, who are also Ihe directors of the Molo Foundalion lor Ihe purpose of ¢ornpany law, are responsible for the preparation ol the financial s¢alemenls and lor being satisfied that they give a true and fair view, and for such internal control as the truslges delerrnine is necgssary lo enable thg preparation of financial stalements that are free from material missiatement, whglhor dug to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the Molo Foundation's ability to ¢ontinue as a going concern, disclosing. as applicable, matters related to going Concem and using the going ¢onc9m basis of accounting unless the trustees glther intend to liquidate the charitab19 company or lo coase operallons, or have no reolisllc altemative but lo do so. Audltorf• r•iponslbllltlès for the audlt ol th• flnan¢lal 8tat•m•nts We have been appointed as audilor undgr section 144 01 Ihe Chari119s Act 2011 and section 4411 Ilcl of Ihe Charilles 8nd Truslge Invgsimenl (Scollandl Act 2005 and report in accordance with the Acts and relevanl rggulab'ons made or having effgct Ihergunder. Our obl8ctlv8s are lo oblaln reasonable assur8nc8 about whethèr the financlal slalemenls as a whole are freo from malarial misslalemtsnl, whether due lo fraud or error. and lo issu8 an audilorfs report that includes our opinion. Reasonable assuran¢& is a high level of assurance bul is not a guarantee that an audit conducltsd in accordance with ISAS IUKI will always delecl a material misslalemenl when il exis15. Misslalemenls Can arise from fraud or error and are considerèd material il. individually or in the aggregate, thèy could reasonably be expected lo Influence the economic decisions of users taken on thè basis of these financial slalements. Th8 exlenl lo which our procedures are capable ol detecting irregularities, including fraud, is detailed below. A further dgs¢riplion of our rgsponsibililies is available on the Fin8nci81 Reporting Council's website at.. https'.11 w.Irc.org.ukJauditorsresponsibiliUes. This description fomis part of our audilorfs report. Use of our rgport This report is made solely lo the charity s Iruslees, as a body, in accordance with part 4 of the Charities IAccounts and Reportsl Regulations 2008 and regulats'on 10 of the Charities Accounts Iscotlandl Regulations 20D6. Our audit work has been undertaken so Ihal we might stale lo the charity's trustees those mallers we are required to slate lo them in an auditor's report and for no other purpose. To the fullest extent permilled by law, we do not accept or assume responsibility lo anyone other than the charity and the charity's Iruslees as a body, for our audit work, lor this report, or for the opinions we have formed.
Docu5vJn Envelope ID.. 63D21D17-B93C447E-B941-6AOAOF03E2B6 MOTO FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF MOTO FOUNDATION iL amas Wooldrldgo Mscl FCA (Sonlor Statutory Audltorl for and on behalf of Mercer & Hole LLP 161912024 Chartorod A¢¢ountants Statutory Audltor The Pinnacle 170 Midsummer Boulevard Millon Keynes Buckinghamshire MK9 1BP Mgrcer & Hole LLP is eligible for appointment as auditor of Ihg Molo Foundation by virtue of ils eligibility for appoinlmenl as auditor of a company under section 1212 01 Ihe Companies Acl 2006.
Docu5vJn Envelope ID.. 63D21D17-B93C447E-B941-6AOAOF03E2B6 MOTO FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Current flnan¢lal y•ar Unrostrl¢t•d Unr•strl¢tod funds funds general designated 2023 2023 Rostrf¢t¢d funds Total Total 2023 2023 2022 Notes Income from: Donations 8nd18gacl8S Inveslmonts 631,415 18,036 230,717 210,904 1,073,036 18.036 1,011,370 Total In¢om8 649,451 230,717 210,904 1.091.072 1.011,454 Expendlture on.. Raising fund5 Ch8rltsbl& a¢llvllles Olhgr material expenditure 196,135 287,244 90,526 196.135 713,991 90,526 243,169 814.991 76,906 230,717 196,030 Total expendllure 573,905 230,717 196,030 1,000.652 1,135,066 Net In¢om•llexpondlturo1 75,546 14,874 90.420 1123.6121 Not mov•m•nt In funds 75,546 14,874 90,420 1123.6121 Reconclllatlon of funds.. Fund balances a11 January 2023 358,432 358,432 482,044 Fund balanc88 at 31 Docomber 2023 433,978 14,874 448.852 358,432 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
Docu5vJn Envelope ID.. 63D21D17-B93C447E-B941-6AOAOF03E2B6 MOTO FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Prlor flnan¢lal yoar Unr•strl¢tod Unrostrf¢t¢d funds funds general designated 2022 2022 Rè$trl¢ted fvnd$ Total 2022 2022 Notes Income from: Donations 8nd18gacl8S Inveslmonts 563,206 265,456 182,708 1,011,370 Total Incom 563,290 265,456 182.708 1.011,454 Expendlture on.. Raising fund5 Ch8rltsbl& a¢llvllles Olhgr material expenditure 220,169 298,240 76,906 11,500 328,956 11.500 187,795 243,169 814.991 76,906 Total expendlturè 595,315 340,456 199.295 1,135,066 Net Income 132,0251 175,0001 116.5871 1123.6121 Tr8nsfers between funds 12,0621 2,062 Net movement In funds 134,087} 175,0001 114.5251 1123,6121 Reconclllatlon of funds.. Fund balances at 1 JanLJary 2022 392,519 75,000 14.525 482,044 Fund balanc•8 at 31 D•combor 2022 358,432 358,432
Docu5vJn Envelope ID.. 63D21D17-B93C447E-B941-6AOAOF03E2B6 MOTO FOUNDATION BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Not•$ Current assets Debtors Cash at bank and in hand 10 45,159 416,893 55,928 311.504 462,052 367,432 Credltors.. amounts falllng due wlthln on& year 11 13,200 9.000 Nel current assets 448,852 358,432 The funds of the Moto FoundatSon Reslricltsd income funds Unrestricted funds 12 14 14.874 433,978 358.432 448,852 358,432 131912024 The financial slatem8nls were approved by the Iru81888 on Oooutswnidty.. is •C2Ace9P35924PI." L Hughes Trust•0 S Peacock Trust•• Company registration number 05510132 (England and W81gsI 10
Docu5vJn Envelope ID.. 63D21D17-B93C447E-B941-6AOAOF03E2B6 MOTO FOUNDATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Noto$ Cash flows from operatlng actlvltles Cash generated fromllabsorbed by) opgralions 17 87,353 1224,0231 Investlng actlvltlès Investment income received 18,0 84 Net cash genorated from Inv•8tlng actlvltles 18,036 Net cash usod In financlng a¢tlvltl•s Ntt In¢r•a8è1{dè¢rèa8•1 In cash and Cash equlvalents 105,389 1223,9391 Cash and Gash gquivalgnl$ al beginning of yoor 311,504 535,443 Cash and cash equlvalents at end ol year 416,893 311,504
Docu5vJn Envelope ID.. 63D21D17-B93C447E-B941-6AOAOF03E2B6 MOTO FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 A¢¢ountlng pollcles Charlty 5nfomiatlon Molo Foundation is a private company limited by guarantee incorporated in England and Wales. The registered office is Molo Hospilalily Ltd Htsad Office, Toddinglon Service Are8, Junction 11112 M1 Motorway T¢xldin9lon, 8edfordshire, LU5 6HR. In the evènl of the charity being wound up, the liability in respect ol the guarantee5 is limited lo £1. 1.1 Accounting convention The financial slalemenls have been prepared in accordance with the Molo Foundation'5 goveming document, the Companie5 Act 2006, the Charities and Trustee Investment (Scollandl Act 2005, the Charities Accounts Iseollandl Regulation5 2006 las amended), FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland. I'FRS 102,1 and the Charities SORP 'Accounling and Reporting by Charities-. Slalemenl of Recommended Practice applicable lo charities preparing Ihelr accounts in accordanc8 with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021" (effective 1 January 20191. The Molo Foundation is 8 Public Benèfit Entity as defined by FRS 102. The financial statements are prepared in sterfing, which Is the functional currency of the Moto Foundation. Monetary amounts In these flnancial stalemenis are rounded to the nearest £. The financial slatgmgnls have been prepared under the hlslorical cosl convention, The principal accounts'ng policies adopted are set out below, 1.2 Golng concern Al the lime of approving the financial slalemenls, the Iruslees have a reasonable expeclalion that the Molo Foundation has adequate resources lo continue in operational existence for the foreseeable lulure. Thus the Irusle8s continue lo adopt the going concern basls of accounting In preparlng the financlal stalemenls. 1.3 Charltabl• funds Unrestricted funds arg avallablg for use ol the disGrgllon of the tru$lg9s in furthgran¢g of Ihgir ¢harilablg objectivgs. Oesignaled funds comprise funds which have been sel aside al the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are sel out in the notes lo the financial statements. Restricted funds are subject lo specific conditions by donors or grantors as lo how they may be used. The purposes and uses of the reslricled funds are sel out in the notes lo the financial statements. 1.4 Income Income Is recognlsed when the Molo Foundallon Is legally enlllled lo11 after any performance condltlons have been m81, the amounts can be measured reliably, and il is probable that income will be received. Income from site ¢011g¢tions are rgcognised on re¢eipl. Gross interest receivable is included when receivable by the entity. 1.5 Exp8ndltur8 Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit lo third party, il is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. 12
Docu5vJn Envelope ID.. 63D21D17-B93C447E-B941-6AOAOF03E2B6 MOTO FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng poll¢les Icontlnuedl 1.6 Tanglble flxed ass•t$ Tangible fixed assets are inilially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Oepfeciation is recognised so as to writo off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Fixtures and fittings 3 years slraighl.line The gain or Ioss arising on the disposal of an asset Is determined as the difference between the Sale proceeds and the carrying value of the ass8t. and is r8cognised in th8 slalernenl of financial aclivilies. 1.7 Cash and cash equlvalents Cash and cash equivalents include cash in hand. deposits held 81 call with banks and other short-lerm liquid investments with original malurilies of three months or less. 1.8 Flnanclal Instruments The Molo Foundation has elected lo apply the provlslons of Secllon 11 'Ba8ic Flnancial In8lrumenl8' and Sectlon 12 '01her Flnancial Instruments Issues, ol FRS 102 10 all of ils flnancial inslrum8nl8. Financial instruments are recognised in the Molo Foundation's balance sheet when the Molo Foundallon becomes party lo the contractual provisions of th8 instrument. Flnancial assets and liabilill8s are offset, with the nel amounts presented in the flnancial slalemenls, when ther8 is a legally enforceable right lo sel off the recognised amounts and there is an intention lo settle on a net basis or lo realisg the ass81 and settle the liability simultaneously. Baslc flnanclal assets Basic financial assets. which include debtors and cash and bank balances, are initially measured 81 transaction price including transaction costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement conslilules a financing transaction. where the Iransaclion 18 measured al the present value of the future receipts discounted al 8 market rale of interest. Financlal assets Classifitsd as receivablts within one year arts not arnortised. Baslc flnanclal Ilabllltles 8asic financial liabilitie5, including creditors and bank loans are initially recognised 8t transaction prlce unless the arrangement conslilules a fin8n¢ing Iransaclion, where the debt inslnjmenl is mtsasured 81 the present value of the future payments discounted al a market rate of interest. Financial li8bilili8s dassified as payable wlthin one year are not amortised. Debt instnjmtrnts are subsèquently carried at amortised cost, using the effective interest rale method. Trade creditors are obllgalions lo pay for goods or services that have been acqulred in the ordinary course of operations from suppliers. Amounts payable are Classified as current liabilities if payment is due within one ye8r or less. If not, they a presented as non-¢urrenl liabilities. Trade creditors are re¢ognised initially at transaction price and subsequently measured at amortised Cost using the effective interest method. Derecognltlon of flnanGlal Ilabllltles Fin8n¢i81 liabilities are derecognised when the Molo Foundation's contractu81 obligations expire or are dlscharged or canc8118d. 13-
DoGusvJn Envelopg ID". 63D21D17.B93C447E.B941-6AOAOF03E2B6 MOTO FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 In¢ome from d¢natlon$ and lega¢les Unrestricted Unrestricted Restricted fvnds fvnds funds general d•slgnated 2023 2023 Total Unrestricted Unrestricted Restricted fvnds fvnds fvnds neral d•slgnatsd 2022 2022 Total 2023 2023 2022 2022 Donations and gifts 631.415 230,717 210,904 1.073.036 563,206 265,456 182,708 1.011,370 Donations and gifts Sile collections HO Events Too Good to Go Carrier bag income Other income 246,597 197.210 95.184 88,244 3,601 80,717 160.612 50,292 487.926 247,502 95,184 238.244 3,601 209,015 199,632 91,828 61,548 1,183 115,456 118,064 64,644 442,535 264,276 91,828 211,548 1,183 150.000 150,000 630.836 230.717 210,904 1.072.457 563,206 265,456 182,708 1.011,370 14-
Docu5vJn Envelope ID.. 63D21D17-B93C447E-B941-6AOAOF03E2B6 MOTO FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 In¢ome from Investments Unrestrlcted Unrestrlcted fund5 funds 2023 2022 Interest received 18,036 15-
DoGusvJn Envelopg ID". 63D21D17.B93C447E.B941-6AOAOF03E2B6 MOTO FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Expendlture on ralslng fund$ Unrestricted Unrestricted Restricted fvnds funds funds general deslgnat8<1 2023 2023 Total Unrestricted Unrestricted Restricted fvnds fvnds fvnds general d•slgnat8d 2022 2022 Total 2023 2023 2022 2022 Fundralslng and publlclty Costs of projects and campaigns 196,135 1.135 220,169 11,500 11,500 243,169 16-
Docu5vJn Envelope ID.. 63D21D17-B93C447E-B941-6AOAOF03E2B6 MOTO FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Exptrndlturo on ¢harltable a¢tlvltle$ Charltable grants 2023 Charltable grants 2022 Dlrgct costs Woodland Trust Wil¢Jfowl Trust Help for Heroes Mind and SAMH Benevolent grants Community grants Emergencyl Independent grants 100,000 50,000 150,000 75.000 203,631 220,000 36,587 86.490 43,283 425,000 35,418 63,326 40,247 713,991 814,991 Analysls by fund Unreslricled funds - general Unrestricted funds - designated Reslricled funds 287,244 230,717 196,030 298,240 328.956 187.795 713,991 814,991 Other materlal expendlture Gongral 2023 Restrlclgd 2023 Total 2023 Totsl 2022 Support cost$ General overheads Govemance costs- Audit Govemance co818- Accounts 77,326 12,600 600 77.326 12.600 600 66,961 9,345 600 90,526 90,526 76,906 Trusto•3 None of the trustees lor any persons connected wllh them) recelved any remunerallon or benefits from the Molo Foundation during the year. Expenditure of £nil12022', £nlll was relmbursed lo trustees during the year. Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 17
Docu5vJn Envelope ID.. 63D21D17-B93C447E-B941-6AOAOF03E2B6 MOTO FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Tanglble fixed *$$ets Flxturos and fflt¢lng4 Cost Al 1 January 2023 58,498 Al 31 December 2023 58,498 0opr•clatlon and Impalmient At 1 January 2023 58,498 Al 31 December 2023 58,498 Carrylng amount Al 31 Decemb8r 2023 Al 31 Dgcember 2022 10 Dobtors 2023 2022 Amounts falllng duè wlthln ontr yèar: Other dgbtors 45.159 55,928 11 Crodllors: •mount¥ falllng duo wlthln ono yoar 2023 2022 Accruals 13,200 9.000 18-
Docu5vJn Envelope ID.. 63D21D17-B93C447E-B941-6AOAOF03E2B6 MOTO FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 Restrlcted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject lo specific conditions by donors as lo how they may be used. At 1 January 2023 Ineomlng r•$our¢es R•soureè$ expendgd Tran$f•rs At31 D•c•mb•r 2023 210,904 1196,0301 14,874 Provlous yoar.. At 1 January 2022 Incomlng r¢$our¢•s Rosourco1 •xp•ndod Transfers At31 Dec•mr 2022 14,525 182,708 1199,2951 2.062 Reslricled funds carried forward relate lo benevolent grants. 13 Unrostrlcted funds - doslgnated These arè unrestricted funds which are material to the Molo Found81ion's aclivilies. At 1 January 2023 Incomlng rosourco¥ Rosources 8xpend8d At31 D•CoMr 2023 230,717 1230.7171 Prevlous yoar.. At 1 January 2022 Incomlng rg$our¢g$ Re$our¢e$ oxp•ndgd At31 Dg¢•mbor 2022 75,000 265,456 1340,4561 19-
Docu5vJn Envelope ID.. 63D21D17-B93C447E-B941-6AOAOF03E2B6 MOTO FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 14 Unrestrlcted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject lo specific conditions by donors and grantors as to how they may be used. These include designated funds which have been sel aside out of unreslricled funds by the Iruslees for specific purposes. At 1 January 2023 In¢omlng Ro$our¢o8 resources expondgd Transl•rs At31 De¢&mber 2023 General funds 358,432 649,451 1573,9051 433.978 ProvSous year.. At 1 January 2022 Incomlng ro8our¢e$ Ro$ourco3 •xp•nd¢d Transfern At31 D¢¢•mb•r 2022 General funds 392,519 563,290 1595,3151 12.0621 358,432 15 Analy818 ol n•t a88Ot8 tWO•n lunds Unrestdcted funds 2023 R•strlctod fund8 2023 Total 2023 Fund b4lancè¥ at 31 D袕mb•r 2023 ar• r•prestnted by: Current assets Currenl liabili11gS 447,178 113,2001 14,874 462,052 113,2001 433,978 14,874 448,852 Unre$trl¢tsd funds 2022 R•$trl¢ted funds 2022 Totsl 2022 Fund balances at 31 Decgmbgr 2022 arg rgpresenlgd by: Current asselsllliabilitiesl Current liabilities 367,432 19,0001 367,432 19,0001 358,432 358,432 20-
Docu5vJn Envelope ID.. 63D21D17-B93C447E-B941-6AOAOF03E2B6 MOTO FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 16 Rolated party tran$actSon$ During the year £35,41812022'. £36,587) was paid to Molo Hospitality staff, under establishment of the Molo In Community Benevolent Fund. Several of the Trustees are directors of Moto, howev8r none of them benefit from the Benevolent Fund. During the year, the charity paid Molo Hospitality £67,084 12022.. £60,701) for administrator services. Molo Hospitality overcharged for adminislralor services during the year, resulting in an amount of £44,580 due lo Molo Foundation al year end12022.. £55,928). As al year end £nil12022.. £nill was owed lo Molo Hospitality. 17 Cash gonerated from operation• 2023 2022 Surpluslldeficill for the year 90.420 1123,6121 Adjuslmenls for., Inveslrnenl income recognised in slalement of financial activities 118.0361 1841 Movements in working capital.. Decrease in debtors Increaselldecreasel in creditors 10.769 4.200 41,543 1141,8701 Cash g•n•rat•d fr¢mllab$orb•d byl oyr•llons 87,353 1224,0231 21