moto foundation ANNUAL REPORT 2024
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We are proud to be making a difference.
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57
local schools
= : adopted I PindWe're |
250k+
SAMH
books purchased
for schools
£1,225,000
donated to our National
Partners Mind/SAMH since
July 2022
£11m+
l raised since
1,200+ 2005
grants given to
local causes
= 6
| 41 |
community
partners
Gg
15 £87,500
breakfast clubs donated to the Costa
sponsored with the Foundation Schools £1,100,000+
Greggs Foundation Project generated through carrier
bag charges donated to
charity, over £750k to the
Woodland Trust and over
£350k to the WWT
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Mission
moto foundation is committed to making a difference in the communities around moto service areas.
Objectives SS Ly mote ee pee Oe Le y. ii 2 "7% : % —=2 | 4 lp ‘. & La U4 The Yorkshire 3 Peaks team begin their challenge – they raised over £30,000! Charity Fundraising Community Development Through our network of 54 locations and We were able to donate to 78 local community over 5,000 colleagues the Moto Foundation groups and charities across the country who encourages Moto sites to establish relationships requested funding to help with worthwhile with small charities and community projects. We also continued to support our 57 Sj soi Sor organisations with whom they can make a adopted schools with resources. Thanks to our notable difference. Moto people continue to ongoing partnership with Oxford University amaze with their enthusiasm and commitment Press we have now donated over 250,000 books to their charity and this is reflected in to schools since 2006 via our annual book the amount raised each year. In 2024 the programme. Foundation celebrated hitting its’ £10m raised milestone and introduced a new 10,000 steps Environment fundraising event that saw colleagues from across the country raise over £20,000. This and Moto Hospitality continues to donate its many other activities meant that income raised carrier bag income to Moto Foundation, was again over £1m. enabling donations totalling £125,000 each
Moto Hospitality continues to donate its carrier bag income to Moto Foundation, enabling donations totalling £125,000 each to the Woodland Trust and WWT (Wildfowl & Wetland Trust). These donations supported the Woodland Trust’s Young People’s Forest in Derbyshire and Community and School Tree Packs, and continued support for three projects at WWT: Generation Wild, Blue Influencers and Wetland Wildflowers.
Moto Benelovent Fund
Traditionally Moto Foundation supports colleagues with benevolent grants due to unforeseen financial hardship. In 2024 Moto Hospitality donated £25,000 to the charity to facilitate and manage the payment of funds to 39 colleagues.
motofoundation.co.uk
Annual Report 2024 >
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Chair of Trustees’ Statement For financial year end 2024
We have been very fortunate to have the support of Moto Hospitality and are happy to report that we raised a total of £1,239,806 in the year. The year saw the Foundation hit its’ £10m raised milestone – an incredible achievement - and our Moto colleagues have been amazing once again in their continued support. They took over 35 million steps and raised over £20,000 in our first national steps challenge to celebrate our fundraising milestone, as well as taking part in a variety 4 of events from hikes to bake-offs to sky dives, and many others besides. We are very proud of them all.
We continued our support of Greggs Breakfast Clubs with £20,000 ; our donation now supports 15 schools. Other pledges included a seventh donation of £12,500 to help the Costa Foundation with its aim or relieving poverty in coffee-growing communities, a £10,000 donation to Macmillan Cancer Support and £6,600 to the Pret Foundation. We were able to donate to 78 local community groups and charities across the country who requested funding to help with worthwhile projects, through our community grants programme.
Our national partnership with Mind (in England and Wales) and Scottish Action for Mental Health (SAMH – in Scotland) continued to go from strength to strength. We were thrilled to be able to donate £550,000 to Mind and £30,000 to SAMH in the year, taking our combined donations since the partnership began in July 2022 to well over £1m.
We are grateful to our committed colleagues, Moto Hospitality, supportive suppliers and generous customers who have contributed time, effort, ideas and enthusiasm to enable us to help such a variety of worthwhile causes – it is testament to them all that we were able to celebrate our £10m milestone this year.
We are looking forward to 2025, which will be Moto Foundation’s 20th anniversary year, and hope to be able to support many more projects this year.
Carrier bag and Too Good to Go income donated from Moto Hospitality enabled us to donate £125,000 to the Woodland Trust and £125,000 to WWT, supporting projects that benefit communities and young people across the UK.
Moto Foundation continues to invest in our network of 57 adopted schools, which forms a core part of our community activity. Thanks to our ongoing partnership with Oxford University Press we have now donated over 250,000 books to schools since 2006 via our books programme. We also had over 650 entries into our 10th annual Young Author competition.
Louise Hughes
Chair of Trustees, moto foundation
Trustees
Louise Hughes Chair of Trustees Appointed 2021
Sam Peacock Trustee & Co Secretary Appointed 2021
Guy Latchem Trustee & Deputy Chair Appointed 2014
Steve Rac Trustee Appointed 2018
Amy Procter Trustee Appointed 2023
Robert O’Connell Trustee Appointed 2023
Michael Gorvin Hayley Meakes Roxanne Murphy Trustee Trustee Trustee Appointed 2023 Appointed 2024 Appointed 2024
Thanks to Julie Donovan and Emma James who resigned in 2024 and Matthew Haywood who resigned in February 2025
Annual Report 2024
National Charity Partners
Moto Foundation are proud to have donated £580,000 in 2024 to our National Partners Mind and SAMH (Scottish Action for Mental Health) supporting better mental health across the UK and in local communities.
Moto Foundation’s £550,000 donation to Mind means that the partnership has now raised over £1m to date. These funds will power life-changing services and support across England and Wales, so no one has to struggle alone. 6 >)
£170,000 donated to local Minds will enable 16 projects to continue to deliver proven interventions for their local communities.
With the new Service Continuation Grant, Moto Foundation has funded over 113 months' worth of delivery across England and Wales. These 16 different services will support close to 3,000 people (2,914 beneficiaries).
Mind brings together an unstoppable network of individuals and communities – people who care about mental health to make a difference.
The services are made up of 5 that tackle the twoway link between poverty and mental health in local communities, 7 that offer life changing support to children and young people, and 4 that support racialised communities. These grants guarantee that local Minds can continue their most effective and sustainable services that achieve Mind's strategy, ensuring every person experiencing a mental health problem gets the support and respect they deserve.
On top of that, £380,000 will support Mind’s vital core services. These include:
• Mind’s Information: Providing people with the information they need to make informed choices about their healthcare; to understand and access their rights; to live with and recover from mental health problems and to feel respected and ‘seen’.
• Side by Side: Mind’s online peer support community that provides a safe anonymous space for people who have experience of mental health problems.
• Helplines: Mind’s 4 helplines – information, welfare, legal and support - that provide a voice at the end of the phone when there's nowhere else to turn.
• Policy & Influencing: Campaigning to change minds, pushing for better care and services, and driving change to the mental health system.
Even though 1 in 4 people have mental health problems, most of us don’t get the help we need. This has to change. Mind are here to fight for mental health. For support, for respect, for you.
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Annual Report 2024
National Charity Partners
The donation of £30,000 to SAMH has the Scotland, along with the rest of the UK, is potential to save and change lives across facing an unprecedented mental health crisis, Scotland. Whether encouraging men in and behind every statistic lies a personal story their middle years to discuss their mental of someone feeling alone and desperate for health through the power of football and the help. Families, young people, and adults are 'Changing Rooms' project, community-based struggling, often facing rejection, enduring services such as therapeutic horticulture or long waits and encountering a system that enabling young people to attend SAMH's 'Time doesn’t meet their needs. Their stories are a for Me' life skills course, the money donated by powerful testament to why immediate, barrierMoto will have a positive and lasting impact. free mental health support is crucial.
With Moto by their side, SAMH are going to help more people through their response to the pandemic and current cost of living crisis, their work in suicide prevention, their programmes in schools and colleges with young people, their men’s mental health projects, and through their trusted information and community support services.
Redhall Walled Garden is a therapeutic horticultural service based in an 18th Century Walled Garden. In a beautiful outdoor setting 8 we support people towards improved mental and physical health and wellbeing through a range of horticultural and therapeutic activities and support.
"Redhall gave me a connection with nature and the seasons. The work allowed me to escape the negative thoughts I was bound up in." - Simon
2024 Overview
Adopted Schools
The Moto Foundation has 57 adopted schools around the UK, predominantly primary schools with a small number of special needs schools. Adopted schools are selected by Moto sites on an individual basis, providing a partnership opportunity for both the school and our sites to develop an ongoing link. In 2024 our schools again welcomed the opportunity to refresh their libraries and classroom bookshelves with brand new books via the Books to Schools programme. We thank Oxford University Press as our long-term partner for this 9 programme and for supporting us to deliver over 14,000 books this year.
2024 Reading Bug Campaign
Our annual short story competition entered its’ tenth year and we were delighted to receive 651 entries from 18 of our schools.
This year’s story was set by the author Paula Harrison and illustrator Jenny LØvlie, creators of the Kitty series.
First prize was a donation of £2,500 for outdoor equipment for the winning school and a visit from Paula and Jenny. Four runners up schools received £1,000 of Oxford University Press books and all winning authors received £50 of WHSmith Vouchers each.
All of this is achieved with the support from our wonderful book partner the Oxford University Press.
Annual Report 2024
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11
2024 Overview
Community Grant Scheme
As a grant making trust the Moto Foundation Community Grant programme provides the focus for community support. The scheme was set up so that Moto sites could make a difference in their local communities. In 2024 we were able to award 78 grants, donating a total of £76,251.
2024 Hi hli hts g g
Events 2024
Moto Foundation is grateful for the commitment of so many supporters dedicated to its objectives. Moto colleagues, customers, suppliers and partners, through their tireless fundraising and donations, continue to make it possible for the Trustees to provide grants to the good causes close to the hearts of all Moto colleagues.
This year saw our colleagues embrace a new event – Target 10 million: 10,000 steps a day in May. 88 colleagues completed this challenge in celebration of Moto Foundation’s £10m raised for good causes, cumulatively taking 35 million steps and raising over £20,000 . Colleagues also commented on the physical and wellbeing benefits that this challenge brought them.
Our colleagues also supported us with a variety of other events including the Yorkshire 3 Peaks, the latest edition of the Moto Board Quiz, and many more activities.
Benevolent Grants
The Moto Foundation relies heavily on the sheer drive and enthusiasm of Moto colleagues working at over 50 locations around the UK to continually support our charity. Without their creativity and commitment we would not be able to promote our charity objectives to customers visiting Moto sites. Moto Foundation continues to support Moto colleagues and their immediate family through times of hardship. In 2024 we have been able to make a significant difference to 39 colleagues dealing with a range of difficulties including bereavement, long term illness and financial hardships. Moto Hospitality donated £25,000 to the charity this year to facilitate this activity.
The Poppy Appeal
The Poppy Appeal continues to be one of our favourite causes, and once again in 2024 we invited the Royal British Legion to send representatives to Moto sites to collect for this very worthwhile appeal.
Annual Report 2024
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2024 Hi hli hts g g
Challenges
During 2024 Moto site colleagues held numerous events to support Moto Foundation and both of our National Partners. Moto colleagues responded with their normal enthusiasm to our focussed fundraising events, particularly those held over the Easter period and again in the summer, with funds going directly Mind & SAMH. Sites used their creativity to encourage Moto customers to give generously to the cause and collectively both campaigns raised nearly £100,000 . Other events held throughout the year included the Yorkshire 3 Peaks and an action-packed dragon boat racing day in London, led by the Operating Board!
foundation ~~ Making a Difference in 2024
Moto Foundation donated £250,000 to its’ environmental partners the Woodland Trust & WWT
Moto Foundation donated £125,000 to the Woodland Trust this year to support:
Community and School Tree Packs -
Young People’s Forest, Mead -
The Woodland Trust free tree pack scheme gives communities and schools the opportunity to plant trees, no matter how big or small their piece of land. The packs come in different sizes and contain different types of trees to ensure that the right tree goes to the right place. Being able to offer tree packs free of charge means that financial barriers are removed, and everyone can get involved in shaping the places that matter to them.
An inspiring 400-acre forest, situated on a former open-cast coal mine near Heanor in Derbyshire. Young people and children are shaping the future of this inspiring place, 13 creating a forest for themselves and their community. Together they are turning it into a thriving, new, wildlife-rich woodland alongside ponds and meadows.
Young people use the site as a venue for education; arts; sport; music and also just for fun. Bordering Shipley Country Park, and Derbyshire Wildlife Trust’s Woodside farm, these three areas provide more than 500 hectares of accessible landscape for local people to enjoy.
The Woodland Trust also carefully monitors where the free tree packs make the most impact in local communities by boosting their tree equity scores. Our £100,000 donation will fund 30,303 trees to plant in schools and communities across the UK.
Moto Hospitality Events
Moto Foundation is privileged to have the continued support of so many suppliers and supporters committed to our objectives.
In June 2024 we were delighted that the Moto team held its twelfth-annual Clay Pigeon Shoot. This ever-popular event raised over £113,000 for the Foundation.
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©Philip Formby / WTML
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Annual Report 2024
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15
Making a Difference in 2024
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Moto Foundation has donated £125,000 to WWT
this year, to support three different projects:
A I Aly, Fs ny D4 M/ | y ND
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Making a Difference in 2024
Greggs Breakfast Clubs
In 2024 we continued our donation of £20,000 , which supports 15 Greggs Breakfast clubs.
Money donated to the Breakfast clubs:
-
Supports 15 schools in locations near to Moto services
-
Sees 1,186 pupils attend a Moto Foundation Breakfast Club every school day
-
Delivers 231,270 free, nutritious breakfasts to pupils at our 15 Clubs every academic year
Generation Wild - Moto Foundation has donated £30,000 to WWT’s nature connection programme for schools, children and families in economically disadvantaged areas. Over 50,223 children have participated in Generation Wild to date. They have completed more than 170,559 nature activities in their school grounds, gardens and local nature spaces, and approximately 8,328 children have gone on to complete 10 or more activities and become 'Guardians of the Wild'. It was wonderful to learn that Generation Wild had been ‘Highly Commended’ in the 2024 Green Gown Awards.
Blue Influencers Scheme – A match-funded programme for environmental youth social action, this is year 2 of a 3-year, £20,000 per annum commitment from Moto Foundation to support the scheme to deliver the WWT’s aim of ‘inspiring and supporting one million individuals to take positive action to promote, protect and create wetlands that are rich in nature and benefit people where they live, work and study’. In 2024 WWT worked with the young people from Blue Influencer groups to organise: litter picking in their local canal, a whole school recycling competition and a school pond restoration.
Wetland Wildflowers – This is a new, volunteer-powered project hosted by WWT Slimbridge in Gloucestershire, that grows and sells locally sourced, native wildflowers from seed into hardy plug plants. Plug planting is an easy and efficient way of introducing wildflowers to enhance an existing site or support the creation of new meadows. Floodplain meadows support rare and diverse plant communities, birds, bees and other pollinators, and can provide flood mitigation and carbon storage benefits. All profits generated by the Hub contribute towards WWT’s mission to restore wetlands across the UK and internationally.
- Provides over 16,341 free loaves of bread to the Clubs each year
Pennies.
Since December 2020, Moto has partnered with the charity Pennies, supporting a customer micro-donation option at till points across Moto motorway service areas. This allows customers to donate to Moto Foundation when they pay digitally.
Customers visiting Moto sites are prompted to add a small ‘micro’-donation to their purchases when they pay by card or digital wallet – a simple and affordable way to support the work Moto Foundation does across the country.
In 2024, £298,128 was donated by Moto customers via Pennies, a significant increase, helping to support community projects, and local and national charities. The Foundation was delighted to see Moto Hospitality receive the Merchant Impact Award at the 2024 Pennies Awards. The award recognised how the Moto team worked with technology partners, as well as colleagues and customers, to significantly improve engagement and increase donations in 2024, creating even greater impact for the Foundation and its beneficiaries.
As well as working with Moto to enable this micro-giving option, to date Pennies has worked with 150+ retail and hospitality brands to enable more than 260 million micro-donations. This has raised millions of pounds in much-needed additional income for charities since 2010. For more information, visit pennies.org.uk .
©Nigel Wilson & WWT
Annual Report 2024
16
Finances
National Partners
| Date | Paid to | Reason | Amount (£) |
|---|---|---|---|
| January 2024 | Mind | Donation | £50,000 |
| January 2024 | Scottish Action for Mental Health | Donation | £5,000 |
| December 2024 | Mind | Donation | £500,000 |
| December 2024 | Scottish Action for Mental Health | Donation | £25,000 |
Charity Donations
| January 2024 | The Woodland Trust | Donation | £25,000 |
|---|---|---|---|
| January 2024 | WWT (Wildfowl & Wetlands Trust) | Donation | £25,000 |
| January 2024 | Israel and Occupied Palestinian | Donation | £20,000 |
| Territory Appeal – British Red Cross | |||
| June 2024 | Greggs Foundation Breakfast Clubs | Donation | £20,000 |
| October 2024 | Macmillan Cancer Support | Donation | £10,000 |
| December 2024 | The Woodland Trust | Donation | £100,000 |
| December 2024 | WWT | Donation | £100,000 |
| December 2024 | Costa Foundation | Donation | £12,500 |
| December 2024 | Pret Foundation | Donation | £6,600 |
Community Grants 2024
| Date | Project Name | Amount | Date | Project Name | Amount | |
|---|---|---|---|---|---|---|
| January | Sonkei Shotokan Karate Club | £1,000 | March | We Can Dance | £1,500 | |
| January | Whitehouse Primary School | £1,000 | March | Larkfields Infant School | £1,482.89 | |
| February | Firfield Primary School | £2,000 | April | Washington United | £694 | |
| February | Whitworth Leisure CIC | £1,000 | April | Play Action International | £150 | |
| February | Lymm Community Radio CIC | £1,000 | April | Bay Veteran's Association CIC | £750 | |
| March | Fairhaven Primary School | £400 | April | 1st Papworth Scout Group | £607 | |
| March | Caritas Red Door | £518 | April | Millmoor Juniors under 16s Girls | £1,320 | |
| March | Serlby Park Academy | £500 | April | Veterans into Logistics | £3,051 | |
| March | Burton Amateur Dramatic Society (BADS) | £500 | April | Treloar's School and College | £910 | |
| March | Northfield Little League | £559.63 | April | Group Garden Holidays | £300 | |
| March | Let's Do More CIC | £600 | May | Yewdale Community Foundation | £500 | |
| March | Lets Enable CIC | £800 | May | Deighton Gates Primary School | £2,500 | |
| March | Cardiff City Women and Girls Basketball | £500 | May | The Rock Youth Project | £750 | |
| March | Kinross-shire Youth Enterprise (KYTHE) | £1,000 | May | Friends of Severn Beach School | £1,284.57 | |
| March | Knottingley Mustangs RLFC Under 8s | £630 | May | Fazeley Pre-school | £700 |
Finances
Community Grants 2024 continued.
| Date | Project Name | Amount | Date | Project Name | Amount | ||
|---|---|---|---|---|---|---|---|
| May | Wellgate Primary School | £375 | November | Aurora Hedgeway School | £1,000 | ||
| May | Kristina Gelder School of Dance | £250 | November | Kington St Michael CE Primary School | £1,198 | ||
| June | The Vale Primary Academy | £750 | November | Firbeck Academy | £1,000 | ||
| June | SEARCH CIO (services for older people) | £1,000 | November | Exeter Road Community Primary School | £750 | ||
| June | MacIntyre Care | £1,000 | November | Flitwick Vale Rotary Club | £350 | ||
| June | Storey's of Lancaster FC | £750 | November | High Legh Community Association | £250 | ||
| June June |
Gilford park youth FC Travelteer Impact |
£1,000 £150 |
December December |
Milton Keynes RUFC ID PE & Sport - Kent |
£2,270 £2,500 |
||
| June | Heyford and Bicester Veterans | £250 | (ID in the Community CIC) | ||||
| July | Shatterlocks Infant and Nursery School | £1,500 | December | Life Education Wessex & Thames Valley | £1,000 | ||
| July | DH Community Sport CIC | £1,136 | December | Changes Tamworth | £1,000 | ||
| July | Birtley Community Aquatic Centre | £2,500 | December | Willand Youth Club | £1,000 | ||
| August | St Peter's Primary School | £1,000 | December | Tamworth Amateur Boxing Club | £1,000 | ||
| August | Willand School PTFA | £500 | December | Featherstone Rovers Foundation | £2,500 | 17 | |
| August | Marsh United Football Club U10 | £259 | |||||
| August | Clean Slate | £1,000 | |||||
| August | Limitless Youth Football Club CIC | £750 | |||||
| August | Growing Well | £1,000 | |||||
| August | Jigsaw Thornbury | £1,339.13 | |||||
| August | Chiltern United | £886 | |||||
| September September |
Pied Piper Preschool Willowbank Parents, Teachers & Friends |
£1,000 £1,000 |
|||||
| Association (Friends of Willowbank) | |||||||
| September | Burton Memorial Hall | £910 | |||||
| September | Seamab | £2,385 | |||||
| October | Glad2share | £1,230 | |||||
| October | Birtley town juniors U9 HOOPS | £649 | |||||
| October | St John's Hospice | £500 | |||||
| October | Stotfold Junior Football Club | £680.45 | |||||
| October | Fairhaven Primary School | £500 | |||||
| October | Barton Junior School | £1,574.93 | |||||
| October | Lancashire Youth Challenge | £1,120 | |||||
| October | Chester Le Street United | £635.23 | |||||
| October | Swansea Canoe Polo Club | £1,030 | |||||
| October | Priory Celtic FC Girls under 13's | £567.58 | |||||
| October | Reuben's Retreat | £749 |
Annual Report 2024 >
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Contact us
moto foundation (correspondence address)
PO Box 218, Toddington Bedfordshire LU5 6QG
Telephone 01525 878500 Email motofoundation@moto-way.co.uk www.motofoundation.co.uk
Moto Hospitality Ltd Head Office PO Box 218 Toddington Bedfordshire LU5 6QG Sole Member Telephone 01525 873933 www.moto-way.co.uk
Registered Charity in England and Wales 1111147 Registered in Scotland SCO41488
Charity registration number 1111147 (England and Wales) Charity registration number SC041488 (Scotlandl Company reglstratlon number 05510132 MOTO FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
MOTO FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees L Hughes G M Latchem S Peacock M Gorvin H Meakes R O'connell A Procter SRac R Murphy Secretary S Peacock Charlty number (England and Wales) 1111147 Charlty number (Scotland) SC041488 Company number 05510132 Reglstered offlce Moto Hospitality Ltd Head Office Toddington Service Area Junction 11112 M1 Motorway Toddington Bedfordshire LU5 6HR Audltor Mercer & Hole LLP The Pinnacle 170 Midsummer Boulevard Milton Keynes Buckinghamshire MK91BP
MOTO FOUNDATION CONTENTS Page Trustees, report ststement of trustees, responsibilities Independent auditor's report Statement of financial activities Balance sheet 10 Statement of cash tlows 11 Notes to the financial statements 12-21
MOTO FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their report together with the financial statements of the charity for the year ended 31 December 2024. Legal and administrative information set out on the page prior to the contents forms part of this report. The financial statements comply with current statutory requiremenls, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and reporting for charities. The financial statements have been prepared in ac¢ordanGe with the accounting policies set out in note 1 to the financial statements and comply with the Moto Foundation's memorandum and articles of association, the Companies Act 2006, the Charities and Trustee Investment {Scotland) Act 2005, the Charities Accounts (Scotlandl Regulations 2006 (as amended) and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102}" {effective 1 January 2019). Objectives and activities The Trustees confimi that they have referred to 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 activities. The objects of the charity are to advance all purposes charitable under the law of England and Wales in particular but not exclusively by.. providing grants to charities and organisations in the United Kingdom- • advancing the education of the public in particular in the Conservation. protection and improvement of the physical and natural environment., protecting and preserving life in particular through the promotion of. and education in, road safety; Promoting for general benefit ot the local communities and their inhabitants, assistance to groups in organising and responding to identified problems and needs which affect such persons and by facilitating the provision of volunteers (drawn from the employees of Moto) to support such charitable projects for the benefit of such persons as the Trustees see fit from time to time- and through the establishment ofthe Moto Foundation Benevolent Fund, relieving those individuals working for Moto who are in need of relief as the Trustees determine from time to time. The principal activity was the collection of charitable funds for the above objectives. Achlevements and performance Significant activities and achievements against objectives The charity is reliant on donations collected at different Moto service stations, centrally organi5ed events by the member Moto and strategic income generators co-ordinated by the Foundation e.g. customer facing environmental initiatives. Donations are refle¢led in the accounts in the year they are achieved. Moto Hospitality Ltd {"Moto") continue with their commitment to our charity by allowing charity tin collection, in a safe way, to be kept next to tills. Pennies collections have Continued to contribute to site inGome via credit card terminals facilitating ¢ashless donations totalling £298,128 in 2024, alongside additional contributions from sites through 'too good to go, boosting income generated by sites by another £65,000. This year we also received a donation from Moto of £25,000 towards the benevolent fund for colleagues in need of relief. We can report that during the 2024 year end we have raised £1.239,806. The Trustees and l are very proud and grateful to everyone involved in helping us to achieve Ihis, which in turn makes it possible for us to pledge some support to our National Charity Partners. Mind and SAMH. We donated £500.000 to Mind and £25,000 to SAMH from 2024 funds, in addition to £50.000 and £5.000 made to Mind and SAMH respectively in January 2024.
MOTO FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 In 2024 Moto Hospitality donated their carrier bag income of £214,503 to Moto Foundation. This income has enabled the Foundation to donate £100,000 to The Woodland Tnjst and £100,000 to {Wildfowl and Wetlands Trust) to carry out environmental projects in 2025, in addition to a further £25,000 donated to each charity in January 2024 Our charitable giving through financial grants has been made up of the Moto Foundation Community Grant Scheme and our donation to our national charity of the year. The aim of our grant scheme is to help good causes local to our sites and supported by Moto colleagues with monetary grants to support specific projects. Moto has &tes across the UK from Kinross in Scotland to Exeter in the south of England. There are over 5,000 people who work at Moto sites and the Community Grant Scheme was established in order to give something back to these communities. of which Moto is such a big part. In 2024 we were able to award 78 grants donating a total of £76,251. Moto 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 neOrk of schools are a small number of special needs schools. Our annual book programme has been running since 2006 and has now donated over 250,000 books into our schools, literacy resources. In addition, our s¢hools were able to access our grant scheme. We actively run competitions engaging our children in writing stories and using their creative skills to win much needed resources for their schoo15 in 2024 we reiVed over 650 entries to our competition. Financial review ReseeS policy The accumulated funds at 31 December 2024 were £432,681 of which £428,987 related to unrestricted funds. Cash reserves are to fund future contributions to support trust objectives. One year's running costs are kept in reserve. structure, governance and management Moto Foundation is a company limited by guarantee and a gIStered charity governed by tts memorandum and articles of association. Charity number.. 1111147. Company number.. 05510132. Scottish charity number.. SC041488. The trustees, who are also the directors for the purpose of company law. and who served during the year and up to the date of signature of the financial statements were.. L Hughes G M Latchem S Peacock {Trustee and Secretary) SRa R O'connell A Procter J Donovan (Resigned 22 April 2024) M Haywood (Resigned 21 February 2025) M Gorvin E James {Resigned 15 November 2024) H Meakes (Appointed 19 March 2024) R Murphy (Appointed 2 December 2024) Recnjitment and appoinlment of trustees The Trustees are appointed annually at the Annual General Meeting of the company by election. New Trustees are recommended by existing Trustees. Induction training is provided for all new Trustees, where appropriate, and all Trustees are encouraged to attend courses and Conferences that would benefit them as Trustees.
MOTO FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Several of the Trusteas are direclors of Moto. Certain colleagues from Moto have receivad payments in th8 year from the Moto Foundation Benevolent Fund, as described below and in note 16. The administrators of the charity are paid through a secondment arrangement with Moto. The Ch8rity reimburses Moto for salary, national insurance and pension but not for accommodation, rnobile phone5, laptops and other associatsd costs. The Trustees have taken steps to identify the major risks to which the charity is exposed and systems have been established to mitigate those risks. Caroline Campbell administers the Charity on a day to day basis. From 1 January 2025 Eleanor Evans assumes this role. Auditor In accordance with Ihe compan$ articles, a resolution proposing that Merr & Hole LLP be reappointed as auditor of the company will be put at a General Meeting. Related parties Moto Hospitality Limited is a connected company. The trustees, report was approved by th8 Board of Trusteas. S Peacock Trustee L Hughes Trustee Date: .... 19..4y.n.E.lQ2¥............
MOTO FOUNDATION STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees (who are also directors of the Foundation for the purposes of cornpany law} are responsible for preparing the Trustees, Annual Report and the financial statements in a¢¢ordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements that give a true and fair view of the state of affairs on the charity at the end of the financial year and of its surplus or deficit for the financ ial year. In doing so the Trustees are required to.. select suitable accounting policies and then apply them consistently., Observe the methods and principals in the Charities SORP 2019 IFRS102)', make judgements and estimates that are reasonable and prudent. state whether the policies adopted are in accordance with The Charities (Accounts and Reports) Regulation 2015, the statement of Recommended Pradice 'Accounting and Reporting by Charities. and with applicable accounting standards, subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for maintaining proper accounting records which disclose with reasonable a¢¢uracy at any time the financial position of the charity and enables them to ensure that the financial statements colnply with the Companies Act 2006 and Charities Act 2011. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. By order of the Trustees= Louise Hughes Chair ofTrustees Samantha Peacock Company Secretary The trustees are responsible for keeping adequate accounting records that disclose with reasonable a¢cura¢y at any time the financial position of the Moto Foundation and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. They are a150 responsible ft)r Safeguarding the assets of the Moto Foundation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
MOTO FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF MOTO FOUNDATION Opinion We have audited the financial statements of Moto Foundation (the 'Moto Foundation,) for the year ended 31 December 2024 which comprise the statemenl of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland {United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements.. give a true and fair view of the state of the charitable company's affairs as at 31 DeGember 2024 and of its incoming resources and application of resources, for the year then ended-, have been properly prepared in accordance with United Kingdom Generally Accepted Accounting practi., and have been prepared in accordance with the requirements of the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006. Basls for oplnlon We conducted our audit in accordance with Intemational Standards on Auditing {UK) (ISAS (UK)} and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audil ol the financial statements section of our report. We are independent of the Moto Foundation in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial slatements. we have concluded that the tnjstees, use of the going Concem basis 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 to events or conditions that. individually or collectively, may cast significant doubt on the Moto Foundation's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this port. Other information The other information comprises the information included in the annual report other than the financial statements and our auditols report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other infomiation and we do not express any fomi of assurance ¢on¢lusion thereon. Our responsibility is to read the other information and, in doing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit. or othetwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misslatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
MOTO FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF MOTO FOUNDATION Matters on which we are required to report by exceptlon We have nothing to report in respect of the following matters in relation to which the Charrties (Accounts and Reports) Regulations 2008 and the Charities Accounts (Scotland) Regulations 2006 require us to report to you if, in our opinion: the information given in the financial statements is inconsistent in any material respect with the trustees, report,. or sufficient and proper accounting records have not been kept; or the financial statements are not in agreement with the accounting records., or we have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the statement of trustees, responsibilities. the trustees, who are also the directors of the Moto Foundation for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such intemal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the Moto Foundation's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations. or have no realistic alternative bul to do so. Auditor's responsibilities for the audit of the financial statements We have been appointed as auditor under section 144 of the Charities Act 2011 and section 44{1){c} of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with the Acts and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducled in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedure5 are capable of detecting irregularities, including fraud, is detailed below. A further description of our responsibilities is available on the Financial Reporting Council's website at.. https'.11 www.frc.org.uklauditorsresponsibilities. This description fonns part of our auditor's report. Use of our pOrt Thi5 report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008 and Regulation 10 of the Charities Accounts (Scotland) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
MOTO FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF MOTO FOUNDATION XHJL LL¢ James Wooldridge Msci FCA (Senior Statutory Auditor) For and on behalf of Mercer & Hole LLP, Statutory Auditor Chartered Accountsnts The Pinnacle 170 Midsummer Boulevard Milton Keynes Buckinghamshire MK9 1BP Date:..... ..io./£.Iig Mercer & Hole LLP is eligible for appointment as auditor of the Moto Foundation by virtue of its eligibility for appointment as auditor of a Gompany under section 1212 of the Companies Act 2006.
MOTO FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Current rinancial year Unrestricted Unrestricted funds funds general deslgnated 2024 2024 Restricted funds Total Total 2024 2024 2023 Notes Income from.. Donations and legacies Investments 683,803 26,206 315,390 214.407 1,213,600 26.206 1.073,036 18,036 Total income 710,009 315,390 214.407 1,239,806 1,091,072 Expenditure on: Raising funds Charitable activities Other material expenditure 200.228 421,454 200,228 962,431 196,135 713,991 315,390 225,587 93,318 93,318 90,526 Total expenditure 715,000 315.390 225,587 1,255,977 1.000,652 Net incomel(expenditure) and movement in funds (4,991) {11,180} (16,171) 90,420 Reconciliation of funds: Fund balanS at 1 January 2024 433,978 14,874 448.852 358,432 Fund balances at 31 December 2024 428,987 3,694 432,681 448,852 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
MOTO FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Prior financial year Unrestricted Unrestricted funds funds general designated 2023 2023 Restricted funds Total 2023 2023 Notes Income from: Donations and legacies Investments 631,415 18,036 230.717 210,904 1,073,036 18,036 Total income 649.451 230,717 210,904 1.091.072 Expenditure on: Raising funds Charitable activities Other material expenditure 196,135 287,244 90,526 196,135 713,991 90,526 230,717 196,030 Totsl 8xpendttur8 573.905 230.717 196,030 1.000,652 Net income and movement In funds 75,546 14,874 90,420 Reconciliation of funds: Fund balances at 1 January 2023 358,432 358,432 Fund balances at 31 Dècember 2023 433,978 14,874 448,852
MUTO FOUNDATION BALANCE SHEET AS A T 31 DECEMBER 2024 2024 2023 Notes Current assets Deblors Cash at bank and in hand 10 66,694 385,387 45,159 416,893 452,081 462,052 Creditors: amounts falling due within one year 11 19,400 13,200 Net current assets 432,681 448,852 The funds of the Moto Foundation Restricted incom8 funds Unrestricted funds Unrestricted funds - designated 12 14 13 3,694 428,987 14,874 433,978 432,681 448,852 The financial statemants were approved by th8 trustees on .. 10 June 2025 L Hughes Trustee S Peacock Trustee Company registration number 05510132 {England and Wales) 10-
MOTO FOUNDATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notes Cash flows from operating activities Cash (absorbed byllgenerated from operations 17 {57,712) 87,353 Investing activities Investment income received 26,206 18,036 Net cash generated from investing activities 26,206 18,036 Net cash used In financing activltles Net (decrease)lincrease in cash and cash equivalents {31.506) 105,389 Cash and cash equivalents at beginning of year 416,893 311.504 Cash and cash equivalents at ond of year 385,387 416,893 11
MOTO FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Charity information Moto Foundation is a private company limited by guarantee incorporated in England and Wales. The registered office is Moto Hospitality Ltd Head Office, Toddinglon Service Area, Junction 11112 M1 Motorway Toddington, Bedfordshire, LU5 6HR. In the event of the charity being wound up, the liability in respect of the guarantees is limited to £1. 1.1 Accounting convention The financial statements have been prepared in accordance with the Moto Foundation's governing doojment, the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. ('FRS 102°) and the Charities SORP "Accounting and Reporting by Charilies-. statement of Recommended Practice applicable to charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" (effective 1 January 2019). The Moto Foundation is a Public Benefil Entity a5 defined by FRS 102. The financial statements are prepared in sterling. which is the functional currency of the Moto Foundation. Monetary amounts in these financial ststements are rounded lo the nearest £. The financial statements have been prepared under the historical Cost convention. The principal accounting policies adopted are set out below. 1.2 Golng concern At the time of approving the financial statements, the trustees have a reasonable expectstion that the Moto Foundation has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going Conrn basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitsble objectives. Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Income Income is recognised when the Moto Foundation is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Income from site collections are recognised on receipt. Gross interest re1vable is included when CeiVable by the entity. 1.5 Expendlture Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefft to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. 12-
MOTO FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (Continued) 1.6 Tangible fixed assets Tangible fixed assels are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Fixtures and fittings 3 years straight-line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less. 1.8 Financial instruments The Moto Foundation has elected to apply the provisions of Section 11 'Basic Financial Instwments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are reGognised in the Moto Foundalion's balance sheet when the Moto Foundation becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future re¢eipts discounted at a market rate of interest. Financial assets Glassified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabililies classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade credilors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the Moto Foundation's contractual obligations expire or are discharged or ¢anGelled. 13-
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MOTO FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from investments Unrestrlcted Unrestricted funds funds 2024 2023 Other income 26,206 18,036 15-
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MOTO FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expenditure on charltable activities Charltable grants 2024 Charitable grants 2023 Direct costs Woodland Trust 125,000 125,000 580,000 36,180 76,251 20,000 100.000 50.000 425,000 35,418 63,326 40,247 Mind and SAMH Benevolant grants Community grants Emergencyllndependent grants 962,431 713,991 Analysis by fund Unrestricted funds- general Unrestricted funds designated Restricted funds 421,454 315,390 225,587 287,244 230,717 196,030 962,431 713.991 Other material expenditure General 2024 Restricted 2024 Total 2024 Total 2023 Support costs General overheads Governance costs - Audit Governance costs - Accounts 78,318 13,000 2,000 78,318 13,000 2,000 77.326 12,600 600 93,318 93,318 90,526 Trustees None of the trustees (or any persons connected with them) received any remuneration or benefits from the Moto Foundation during the year. Expenditure of £nil (2023.. £nil) was reimbursed to trustees during the year. Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 17-
MOTO FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Tangible fixed assets Fixtures and fittings Cost At 1 January 2024 58,498 At 31 December 2024 58,498 Depreciation and impairment At 1 January 2024 58,498 At 31 December 2024 58,498 Carrying amount At 31 December 2024 At 31 December 2023 10 Debtors 2024 2023 Amounts falling due within one year: Other debtors 66.694 45,159 11 Creditors: amounts falling due within one year 2024 2023 Accruals 19.400 13,200 18-
MOTO FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 January 2024 Incoming resources Resources expended At31 December 2024 14.874 214,407 (225.587) 3.694 Previous year: At 1 January 2023 Incoming resources Resources expended At31 December 2023 210,904 {196,030) 14,874 Restricted funds carried forward relate to benevolent grants. 13 Unrestrlcted funds - designated These are unrestricted funds which are material to the Moto Foundation's activities and which have been sel aside for specific purposes by the trustees. At 1 January 2024 Incomlng resources Resources expanded At31 December 2024 315,390 (315,390) Prevlous year: At 1 January 2023 Incoming resources Resources expended At31 December 2023 230,717 (230,717) 19-
MOTO FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. At 1 January 2024 Incoming resources Resources expended At31 December 2024 General funds 433,978 710,009 (715,000) 428,987 Prevlous year: At 1 January 2023 Incoming resources Resources expended At31 December 2023 General funds 358,432 649,451 (573,905) 433,978 15 Analysis of net assets between funds Unrestrictsd Unrestricted funds funds general designated 2024 2024 Restricted funds Total 2024 2024 Fund balances at 31 December 2024 are represeni8d by: Current assets 448,387 Current liabilities (19,400) 3.694 452.081 {19,400) 428.987 3,694 432.681 Unrestricted Unrestricted funds funds general designated 2023 2023 Restricted funds Total 2023 2023 Fund balances at 31 December 2023 are represented by: Current assets 447,178 Current liabilities (13,200) 14,874 462,052 (13,200) 433,978 14,874 448,852 -2n-
MOTO FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Related party transactions During the year £36,180 (2023.. £35.418) was paid to Moto Hospitality staff, under establishment of the Moto Foundation Benevolent Fund. Several of the Twstees are directors of Moto, however none of them benefit from the Benevolent Fund. During the year, the charity paid Moto Hospitality Limited £69,014 {2023: £67.084) for administrator services. As at year end £66,694 was due to Moto Foundation from Moto Hospitality Limited (2023: £44,580). 17 Cash generated from operations 2024 2023 {Deficit)Isurpus for the year (16,171) 90,420 Adjustments for.. Investment income recognised in statement of financial activities (26.206) (18,036) Movements in working captial: (Increase}Idecrease in debtors Increase in creditors (21,535) 6,200 10,769 4.200 Cash (absorbed by)Igenerated from operations (57,712) 87,353 21
MOTO FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF MOTO FOUNDATION Opinion We have audited the financial statements of Moto Foundation (the 'Moto Foundation,) for the year ended 31 December 2024 which comprise the statemenl of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland {United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements.. give a true and fair view of the state of the charitable company's affairs as at 31 DeGember 2024 and of its incoming resources and application of resources, for the year then ended-, have been properly prepared in accordance with United Kingdom Generally Accepted Accounting practi., and have been prepared in accordance with the requirements of the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006. Basls for oplnlon We conducted our audit in accordance with Intemational Standards on Auditing {UK) (ISAS (UK)} and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audil ol the financial statements section of our report. We are independent of the Moto Foundation in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial slatements. we have concluded that the tnjstees, use of the going Concem basis 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 to events or conditions that. individually or collectively, may cast significant doubt on the Moto Foundation's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this port. Other information The other information comprises the information included in the annual report other than the financial statements and our auditols report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other infomiation and we do not express any fomi of assurance ¢on¢lusion thereon. Our responsibility is to read the other information and, in doing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit. or othetwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misslatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
MOTO FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF MOTO FOUNDATION Matters on which we are required to report by exceptlon We have nothing to report in respect of the following matters in relation to which the Charrties (Accounts and Reports) Regulations 2008 and the Charities Accounts (Scotland) Regulations 2006 require us to report to you if, in our opinion: the information given in the financial statements is inconsistent in any material respect with the trustees, report,. or sufficient and proper accounting records have not been kept; or the financial statements are not in agreement with the accounting records., or we have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the statement of trustees, responsibilities. the trustees, who are also the directors of the Moto Foundation for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such intemal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the Moto Foundation's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations. or have no realistic alternative bul to do so. Auditor's responsibilities for the audit of the financial statements We have been appointed as auditor under section 144 of the Charities Act 2011 and section 44{1){c} of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with the Acts and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducled in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedure5 are capable of detecting irregularities, including fraud, is detailed below. A further description of our responsibilities is available on the Financial Reporting Council's website at.. https'.11 www.frc.org.uklauditorsresponsibilities. This description fonns part of our auditor's report. Use of our pOrt Thi5 report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008 and Regulation 10 of the Charities Accounts (Scotland) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
MOTO FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF MOTO FOUNDATION XHJL LL¢ James Wooldridge Msci FCA (Senior Statutory Auditor) For and on behalf of Mercer & Hole LLP, Statutory Auditor Chartered Accountsnts The Pinnacle 170 Midsummer Boulevard Milton Keynes Buckinghamshire MK9 1BP Date:..... ..io./£.Iig Mercer & Hole LLP is eligible for appointment as auditor of the Moto Foundation by virtue of its eligibility for appointment as auditor of a Gompany under section 1212 of the Companies Act 2006.