THE MITIE FOUNDATION (A company limited by guarantee) ANNUAL REPORT & FINANCIAL STATEMENTS 31 March 2025 Company Registration Number 08107587 Charity Number 1148858
THE MITIE FOUNDATION TRUSTEES. ANNUAL REPORT YEAR ENDED 31 MARCH 2025 Contents Pages Tnjslees, Annual Report Reference and Administrative Inf0MtIOn Independent Examiner's Report 10 Stalemenl of Financial Aclivilies 11 Balance Sheet 12 Cash Flow Statement 13 Noles lo the Financial Stslemenls 14-18
THE MITIE FOUNDATION TRUSTEES. ANNUAL REPORT YEAR ENDED 31 MARCH 2025 The directorsltrustees present their annual report and audited financial statements of The Mrtie Foundalion I'lhe Foundation") for the year ended 31 March 2025. This reFX)rt and the financial statements have been prepared in accordance wf(h the provisions applicable to small companies enlrtled to the small companies, exemption and in accordance with the accounting policies sel oul on pages 14 and 15. The legal and administrative details sel out on page 9 fomi part of this reF¥Jrt. The financial statements compty with the currenl statutory requirements. the Foundation's memorandum and articles of association and the Statement of Recommended Practice FRS102. The financial statements have been prepared under the historical cost convention, in accordance wrth applicable accounting standards and the Companies Act 2006. Structure* governancè and rnanagement The Foundation is a company limited by guarantee and its directors, for the purposes of company law are also trustees for the purposes of charity law and those who served during the year and lo dale are shown on page 9. For the purposes of Ihis report they will be referred lo as Iruslees. The Foundalion was incorporated on 15 June 2012, regislered as a charity on 6 September 2012 and began its activities on 1 April 2013. On appoinlmenl, new trustees are fully briefed on the objectives of Ihe Foundation and their role as Iruslees. They are also provided with a copy of the Charity Commission Guidance for Iruslees and a copy of the Foundation's memrandum and articles of asstxialion. Trustees give their lime volunlarity and receive no remuneration or other benefrts. Trustees are required lo disclose all relevant inleresls and wrthdraw from decisions where a conflict of interest arises. There musl be a minimum of two Irustees but no more than nine. Up lo three trustees may be appointed by Milie Group plc I'mitie") by way of written notice lo the Foundation. All current Iruslees have been appointed by the decision of trustees. The trustees are responsible for delemining the overall strategy of the Foundation, however they delegated managerial oversight responsibilrties to Jasmine Hudson up lo 31 March 2025 and Kathryn Dolan from 1 April 2025. Key management personnel are determine(J to be the Iruslees and the Head of the Foundation. As all Foundation staff are seconded lo The Milie Foundation from Milie Group plc,. no staff, including key management personnel are directly paid by The Mrtie Foundation. Employment beneffts for the seconded Head ofthe Foundation, as key managemenl, are determined through intemal Mf(ie Group plc pay review processes. The trustees have considered the major risks to which the Foundation is exFK)sed. These have been reviewed and systems and prctedures have been established to manage those risks. An example of an identified risk is lack of investment. In the event of insufficient funding and resource investment, the long temi viability of the Foundation and the work it undertakes Could be compromised. This could cause reputational damage as it would hann Mitie's sustainability framework.
THE MITIE FOUNDATION TRUSTEES. ANNUAL REPORT YEAR ENDED 31 MARCH 2025 Objectives and activities The Foundation's vision is to raise aspirats'ons and unlock people's true potential. The objectives of the Foundation, as set out in ils articles of association, are broad, allowing the charity lo carry on any charitable activty within the law. current the Foundation has three main objectives: To enhance employability Support community through Volunteering Provide sustainable Employment opportunrties for underrepresented groups Enhanclng employabillty Helping people wrth barriers lo employment and social mobility is the core aim of the Foundalion. The Foundation works in partnership wrth Job Cenlre Plus {"JCP"l and others, lo deliver employability programmes {Ready2Workl which give people a chance lo demonslrale their skills, primarily through on the job work experience. The Foundation uses its relationship with Miiie businesses. clients and suppliers, as well as other organisalions to secure appropriate work placements for candidates and helps them seek employment al the end of the course. On all work programmes, candidates receive coaching and support from the Foundation team. speCifal focussing on identifying transferable employability skills and making sure their Cvs reflect these. The candidates on the Ready2Work programme also benefit from a preemployment training week, run by Ihe Foundation team, which is designed to clarify workplace expectations and encourage participants to step outside their comfort zone and to develop confidence and communication skills. Ready2Work programmes improve social mobilY in local communities by supporting people wrth disabilities, refugees, people with cOnV10n$ and other groups with specific barriers lo employment and is also available to support Mitie employees, friends and family who may have barriers lo employment. Together with our partner organisations and charities, the Milie Foundation has created three additional variations of Ready2Work. These programmes are tailored lo the needs of candidates who face specific challenges in showcasing their abiltty and polenlial. Ready2Work Enable, the Enable programme assists participants wrth a disability or learning difficulties, and also supports both Milie and the organisalion's clients in providing such candidates with sustainable employment. Mitie Foundation is Disabilty Confident level 2. Supporting Community Through Volunteering Milie is committed to enriching the communities in which we operate. In support of this, the Foundation manages the company's employee volunteering programme, Giving Back. Salaried Mitie colleagues are encouraged lo use their 10 volunteering hours to support causes in their locality. Hourly paid colleagues can also take part. upon client agreement and on a case-by-case basis.
THE MITIE FOUNDATION TRUSTEES. ANNUAL REPORT YEAR ENDED 31 MARCH 2025 Milie colleagues can choose to support a cause that matters lo them. This can include programmes delivered by the Mitie Foundation. opportunities with our charrty partners and those housed on the DcplT platform. The variety ensures we can offer an exciting range of impaclful volunteering options. Mitie made a significant five year pledge which ended in March 2025 by committing 10 hours volunteering to Mitie Salaried colleagues. Mitie colleagues delivered 32,512 hours of meaningful volunteering in 2025. Delivering 8,832 hours above the tsrget. FY24-25 the business had a target of 23.680. we surpassed this by delivering 32,512 volunteering hours. Full 5-year breakdown below: Year Target hours Achieved FY20121 FY21122 FY22123 FY23124 FY24125 8,000 8.098 14,650 19,298 25,130 32,512 16,320 20,720 23,680 Colleagues are also encouraged to engage in fundraising activities, raising finances for community inrtialives and charity partners. The planning and delivery of fundraising a1Vrtie$ delivered in Milie lime also contributes towards Mitie's volunteering objectives. Providing Sustainable Employment To encourage talent from the Foundation initiatives and partners, we are now better linked with Resourcing for both volume and specialist roles across the Mitie Business. Via our applicant tracking system. Pageup {formeTty eArcul, we have launched a private career page available only to partnered referral providerslcharities. Applications made from Milie Foundation participants are now identifiable at 'source' on Pageup and will automatically be moved into "under review. status. As a hiring manager we ask that all Foundation applicants who meet the minimum critena are offered inlerviews. Now our recording processes are fulty launched and accurate. we can aclivety track from application to day one start across the busine55. These outcome5 a measured Ihrough the Foundation dasht%Jard showing our Foundation candidates from day one of starting in role. The dashboard shares monthly data with our senior leaders, ensuring full transparency and awareness, and can be accessed at leamlaccount level. By engaging with the Foundation's initiatives and ulilising the talent pool we provide. we can diversify our workforce and improve social mobilty within the communities we operate.
THE MITIE FOUNDATION TRUSTEES. ANNUAL REPORT YEAR ENDED 31 MARCH 2025 Social Value Managers and NeIrk of Champions A neOrk of over 10 Social Value Managers and various champions including Strategic Account Directors across all Mitie business divisions has been established to help lo communicale the Foundation's aclivrties and Social Value. Many of Ihese ambassadors are also involved in supporting Mitie forums designed lo support diversity and inclusion and have been organised into local networks and effectively act as the Foundation's voice within the businesses, encouraging their work Colleagues and in some cases their Clients to take part in organised volunteering events. Public benefit The trustees have referred lo the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Foundation's aims and objectives and in planning future activrties. In particular the Injstees consider how planned activities will contribute lo the Foundation's aims and the objectives they have set and have therefore complied wrth the duty in seclion 17 of the charit$ Act 2011. Taking into account the Foundation's achievements and beneficiaries as described below, th& Iruslees confirm that due regard has been paid lo the public benefit guidance published by the Charity Commission. Achlevements and performance Following a restructure of the Foundation, the team have agreed and delivered a new Strategy and focus to becoming more aligned to the Mrtie business and ils Social Value commilmenls. Supporting 3 of the 5 core Social Value pillars, the Foundation provide quarterly updates lo the Environmental, Social & Governance IESGI Committee, chaired by Salma Shah. Below are examples of activities during FY24-25, within the Foundation's Core Pillars. Enhancing employabillty Read 2Work Details of the progTammes delivered can be found bebw. Read 2Work London Enable Cumbria London Enable 2 London Standard London Standard Securi London Cleanin Academ Manchester Standard Manchester Standard Secur Total Com eled Gained em lo ment Asa¥o 25°1¢ 100¥0 1000/¢ 25Yo 62.5Q/o 50Vo 20.10 67.10 420 38 16
THE MITIE FOUNDATION TRUSTEES. ANNUAL REPORT YEAR ENDED 31 MARCH 2025 Updated - rogramme Launch Dale rogramme nd Dale Programme Enable Region London 291n April 5° Juty Completed 6 5 40Wo London- Standard St Georges Hospital Standard Nottingham Security (HMRCI Standard Security Enfield London 23rd September 18 Octotjer Completed 8 8 Standard London Security (HMRCI Stsndard Engineering Standard Cleaning Academy standard Security Standard Security Standard Edinburgh 22r Juty 13° September Completed 7 3 66.67¥. 16" September 18" October Completed 9 2 100% 100Y• 28th October 201h December Compled 8 2 50% London 28° October 13th Dember Completed 1 1 09 Leeds 251h November 13th December Compleled 4 4 25Vo London ITFL) 251h November 201h December Completed 10 3 0% Southampton 25th November 24th January Completed 6 0 Oyo 2nd Dember 201h December Completed 5 4 25Yo Standard Bordon 3rd February April Completed 4 0 0% Standard Security Standard Security Standard Security standard Cleaning Academy Cumbria 10th February 7th March Completed 9 9 100% Bimiingham 17th February April In progress 9 2 100% London ITFL) 24th FeLwuary April Completed 3 2 50% Black1 31st March 4th April Completed 18 18 13 72Vo
THE MITIE FOUNDATION TRUSTEES. ANNUAL REPORT YEAR ENDED 31 MARCH 2025 Volunteering Year 5 largel 23,680 hours- 32.512 hours achieved113PA Mitie colleagues have shown immense dedication lo our long-standing campaigns like Mrtie Spring Cleaning, Macmillan, and Poppy Day. But that's not all they also embraced new initiatives with great enthusiasm. For instance, in our Blood Donation campaign, colleagues donated an impressive 424 pints of blood. Additionalty, through the Gift of Time campaign, we encouraged everyone to volunteer for causes close to their hearts, making a personal and meaningful impact. Last year, we also celebrated new collaborations wrth some fantastic organvzalions. We partnered with Bristol Zoo, enhancing our efforts in wikllife conservation and education. We also joined forces wilh 'if Only Charty,, which supports survivors of childhood sexual abuse, and Think Forward, a charrty providing long-term coaching to young adults entering the workforce. These partnerships align perfeclty with our mission to support diverse and impacfful causes. Royal British Legion - Poppy Appeal In keeping with our commitment lo the Armed Forces, colleagues up and down the country volunteered their time lo support the Royal Brrtish Legion at their City Poppy Day fundraisers. In FY25, we helped to raise over £142,000 al London Bridge and Waterloo station$ dire¢lly lo the Royal British Legion Charity. Milie colleagues have supported the sale of poppies at Waterloo station since 2014, and our Presence typically makes up around 15 /0 of the lolal volunteers on srte. Do4T launch DcplT our employee volunteering platform. houses thousands of volunteering opportunities and is the process for recording impact. D¢>lT was revamped piloted with volunteer leads across the business in February and then fvlly launched in March. Fundraising Totsl We are reviewing the fundraising protocol in the Foundation. Providing Sustainable Employment In 2025, Mitie recruited 256 individuals through the Mttie Foundation with support from our referral partners. Via the ATS system, we can gain further insights and data around the application process, highlighting key areas of'Breakdown' in applications, such as incomplele profiles, rejection from hiring managers. This enables Mitie Foundation lo provide feedback lo our referral partners and challenge hiring managers if minimum requirements for the role have been mel. It also means we can give feedback to the referral partners on the applications coming through the system.
THE MITIE FOUNDATION TRUSTEES. ANNUAL REPORT YEAR ENDED 31 MARCH 2025 Financial review The Foundation received donated services of£410.83512024'. 245.0371 from Milie and £5,000 12024.. £70,578) from external sources. This has enabled il to deliver its activities as outlined in the achievements and performance section below and resulled in a surplus of £49,315 {2024'. deficit of £57,442). The trustees consider the results of the Foundation lo be satisfactory. The Foundation's policy is to hold no reserves as the operating costs of the Foundation are budgeted within and paid by Mitie. Funding sources are predominate from Mitie, either in the form of company gift or Ihrough donations raised through staff initiatives. As at 31 March 2025, the unrestricted funds held that also described the free reseNes of the charity were £73,49212024.. £24,177). 8tat•mont al)out fundraising actlvlty Whilst the majority of the funding for the Foundation is provided by Mitie Group plc, some fundraising activty does provide additional financial benefit. No professional organisation or individual was used to raise funds, and therefore th6 Foundation has not felt obligated to subscribe to any fvndraising slandards, schemes or regulations. We have ceiVed no complaints relating to any fundraising activty, and all transactions have passed through our finance team and we do not approach the general public or place undue pressure on people to give money to the Foundakn"on. Future Plans The Foundation will be looking to deliver the following.. 15 x Ready2Work programmes from April to March 26 25,000 hours of volunteering by Milie Colleagues 400 day 1 starts sources from Mrtie Foundation talent pools
THE MITIE FOUNDATION REFERENCE & ADMINISTRATIVE INFORMATION YEAR ENDED 31 MARCH 2025 Trustees, responsibilities statement The trustees (who are also directors of The Mrtie Foundation for the purposes of company lawl are responsible for preparing the Trustees, Report (incorporating the strategic report and directors, report) and the financial statements in accordance with applicable law and Unrted Kingdom Accounting Standards. including Financial Reporting Standard 102.. The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Accepted Accounting Praclicel. Company law requires the Iruslees to prepare financial slalemenls for each financial year which give a true and fair view of the state of affairs of the charitsble company and of the income and expendrture, of the charitable company for that period. In preparing these financial slatemenls, the trustees a required to- selecl Suilable accounling policies and then apply them consislenlly.. observe the methods and principles in the Chartties SORP.. make judgments and accounting estimates that are reasonable and prudenl,. slate whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial slalemenls,. and prepare the financial statements on the going concern basis unless il is inappropriate to presume that the charrtable company will continue in business. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy al any time the financial position of the charitsble company and enable them lo ensure that Ihe ffinancial slalemenls comply with the Companies Acl 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularrties. Pursuant lo Section 487 of the Companies Act 2006, the independent examiner will be deemed lo be reappointed and Burton Sweet Limrted will therefore continue in office. 6th October 2025 Approved by the Board on . and signed on its behalf by.. Kathryn Dolan Trustee
THE MITIE FOUNDATION REFERENCE & ADMINISTRATIVE INFORMATION YEAR ENDED 31 MARCH 2025 Directorsrfrustees Andrew Easlwood Rebecca Faulkiner Jasmine Hudson Navinder Kalley Michael Gibson Ommasalma Shah Teresa Gibbs Kathryn Dolan Resigned 30 June 2025 Resigned 24 September 2024 Resigned 31 March 2025 Appointed 24 September 2024 Appointed 14 May 2025 For the period 1 April 2024 to 31 March 2025 the trustees delegated managerial oversight of the Milie Foundation lo Jasmine Hudson, and Kathryn Dolan from 1 April 2025. Secretary Milie Company Secretarial Services Limited Reglstered office Level 12 The Shard, 32 London Bridge Street, London. England, SE19SG Company number 08107587 Charity number 1148858 Bankor8 Lloyds SS Corn Street Bristol Solicitors osborne Clarke 2 Temple Back East Temple Quay Bristol Independent Examiner Joshua Kingston Bsc ACA Burton Sweet Limited, Chartered Accountants The Clock Tower 5 Farleigh Court Old Weston Road Flax Burton Bristol BS48 1 UR
THE MITIE FOUNDATION INDEPENDENT EXAMINER'S REPORT YEAR ENDED 31 MARCH 2025 Independent examiner's report to the trustees of The Mitie Foundation I'the Company'l I report to the charty trustees on my examinatw)n ofthe accounts of the Company for the year ended 31° March 2025. Responsibilities and basis of report As Ihe charity'$ trustees of Ihe Company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061.the 2006 Act'i. Having satisfied myseff that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your chartiy s accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have folbwed the Directions given by the Charity Commission under section 145151 Ibl of the 2011 Act. Independent examiner's Statement I have completed my examinalion. I conffimi thal no mallers have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kepl in respect of the Company as required by Section 386 of the 2006 Act., or the accounts do not accord with those records., the accounts do not compty with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a 'lrue and fair view which is not a matter considered as part of an independent examination., or Ihe accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appIlble in Ihe UK and Republic of Ireland IFRS 102}. I have no concerns and have come across no olher matters in connection with the examination lo which attention should be drawn in this rewrt in order to enable a proper understanding of the accounts lo be reached. otkvA LL Joshua Kingston Bsc ACA Burton Sweet Limi(ed, Chartered Accountants The Clock Towel 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1 UR Dale.. 6th October 2025 10
THE MITIE FOUNDATION STATEMENT OF FINANCIAL ACTlVtTIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2025 Totsl Funds 2025 Tolal Funds 2024 Note Income from: Donations Investment income 415,835 1,341 315.615 Totsl income 417,176 315,615 Expenditure on: Charitable activities 367,861 373,057 Totsl expendlture 367,861 373.057 Net incomellexpenditurel and net movement In funds 49,315 (57,442} Total funds at start of year 10 24,177 81,619 Total funds at end of year 10 73,492 24,177 There are no recognised gains or losses for the current or preceding year other than as stated in the Slalement of Financial Aclivilies. The resutts for the period are wholty attributable to the continuing operations of the Foundation. All movement in funds in the year and prior year are in unrestricted funds. The notes on pages 14 to 18 fomi part of these financlal statements 11
THE MITIE FOUNDATION BALANCE SHEET AS AT 31 MARCH 2025 Company number: 08107587 2025 2024 Current assets Debtors Cash at bank and in hand 10.313 68,141 11,500 17,189 78.454 28.689 Llabllltles Creditors .' amounts falling due wrthin one year 14,962) {4,512} Net current assets 73,492 24,177 Net assets 73,492 24.177 Funds of the charity Unrestricted funds 10 73,492 24,177 Totsl funds 73,492 24.177 For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Dlre¢tors' responslbllltles: The members have not required the company to obtain an audit of its accounts for the year in question in accordance with seclion 476. The directors acknowledge their responsibilities for complwng with the requirements of Ihe Act wilh respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financial statements of The Mitie Foundation were approved by the Board of Trustees on .6th£)olobeF.2025...... and are signed on Iheir behalf by.. Oo& Kathryn Dolan Trustee The notes on pages 14 to 18 fomi part of these financlal statements 12
THE MITIE FOUNDATION CASH FLOW STATEMENT YEAR ENDED 31 MARCH 2025 2025 2024 Net cash inflow from operating activities 50,952 {68,654) Net cash Inflow for the year 50,952 {68,654} Reconciliation of net movement in funds to net cash inflow from operating activities 2025 2024 Statement of Financial Activities.. Net movement in funds Increase I Idecreasel in creditors. current liabilrties Decrease I lincreasel in debtors Net Cash louttlowlllnflow from oporatlng acllvllles 49,315 450 1,187 50,952 {57.442} 288 {11,5001 168.6541 Analysls of Changes In cash durlng the year 202S 2024 Change Cash at bank and in hand 68,141 17,189 50,952 2024 2023 Change Cash at bank and in hand 17,189 85,843 {68,6541 Cashflow Restrictions Charity law prohibits the use of net cash inflows on any endowed or other restricted fund lo offset net cash outflows on any fund outside its own objects, excepl on special authorty. In practice, this reslriclion has not had any effect on cash flows for the year. The notes on pages 14 to 18 forni part of these financlal Statements 13
THE MITIE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 1 A¢¢ountlng pollcles Basis of preparation The financial slalements have been prepared in accordance wlh the historical cost convention {except where olhenmise stated in the accounting F)olicy note) and in accordance with Ihe Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) issued in Oclober 2019, and Ihe Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, and the Companies Act 2006. As more fully detailed in the trustees, report, the Trustees consider that there are no material uncertainties affecting the ability of the charty to continue as a going concern and the financial slalements have therefore been prepared on the going concem basis. The charity is a public benefit entity as defined under FRS102. The principal accounting policies are summarised beknv. They have been applied consistently throughout the year and the preceding year. Income Income is included when receivable. Income from tax that can reclaimed on donations is includèd at thé same lime as the gift to which it relates. Income comprises of.. Donations Donations are included in the Slalement of Financial Activities when the charity is legally entitled to the income, when the amount can be quantified with reasonable accuracy and receipt is probable. Donated s8rvices and facilities Donated services and facilities represents Ihe ests'mated financial cost borne by Mrtie in providing seconded staff and other management and administrative services. This value represents the amount that the trustees would pay on the open market for the services and faciltties thal would provide equivalent benefrt to the charty. Expendlture Expenditure is included in the Statement of Financial Activities on an accruals basis when incurred and includes attributable VAT which cannot be recovered. Expenditure compnse of the folh)wing'. Charitable expenditure- being those costs incurred by the charitable company in the delivery of its activities and services for ils beneficiaries. Grant funding of activities - included within chartiable expenditure, these are awarded to further the purposes of the charity. Grants awarded - treated as expenditu and a liability in the accounts as soon as they become legal or constructive obligations. In the case of multi-year grant awards. the funding for all years is immediately recognised unless Ihere are conditions which need to be mel by the recIpnI lo enable the release of subsequent years, funding. Support costs - being costs of an indirect nature necessary to supwrt the acb'vities of the charitable company. Governance costs - being costs associated wth meeting the constitutional and slalulory requirements of the charity. 14
THE MITIE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 1 A¢¢ountlng pollcles (continued) Fund a¢¢ounting Unrestricted funds are expendable at the discrelion of the Truslees. in Ihe fvrtherance of the objects of the charity. Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amounl prepaid after taking accounl of any discounts due. Cash and cash equlvalents Cash at bank and cash in hand includes cash and short term highty liquid investments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. Creditors Creditors and provisions are recognised where the charty has a present obligation resulting from a past event that will probably result in the transfer of funds lo a third paty and the amount due lo settle the obligation can be measured or estimated reliably. Creditors and provisions are normalty recognised at their settlement amount after allowing for any discounts due. 2 Income from: Donatlons Totsl Funds 2025 Total Funds 2024 Donated services and facilities from Mrtie General donations 410,835 5,000 245,037 70,578 415,835 315,615 All donations received in the prior year were unrestricted. 15
THE MITIE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 3 Expendlture on: Charltsble a¢tlvltle$ Totsl 2025 Total 2024 Employee cosls Travel and subsistence other support costs Governan costs Subscriptions Grants payable {nole 41 215,790 65,217 25,564 1,970 4,004 55,316 170,484 32,643 48,168 16,183) 64,256 63,689 367,861 373,057 4 Grants payable analysls The total grants awarded during the year was as follows: 2025 2024 Demenlia UK Macmillan Cancer Support Givefundraising British Heart Foundation Prostate Cancer Gailes Hotel McKenna Media Group Other grants under £1,000 26,508 26,508 1,800 22.459 22.459 13,387 4,885 499 500 55,316 63,689 S Net Incomellexpendlture) for the year This is slated after charging.. 2025 2024 Independent Examiner's remuneration 4,962 4,512 No Trustee received any remuneration or travel expenses in respect of their services during the year12024'. None). Aggregate donations from Truslees, key managemenl personnel. and other related parties was £Nil12024.' £nill. 16
THE MITIE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 6 Staff costs and nurnbers The Foundation does not directty employ any staff. however on average. four Mitie Group PIC employees were seconded lo the Foundation during the year (2024.. four). staff costs relating to these seconded stsff were as follows: 2025 2024 Wages & salaries Social security costs Pension contributions Redundancy 182,859 20,340 12,591 146,967 16,390 6,646 481 215,790 170,484 The total employment benefits received by trustees and key management personnel for their services to the charity were £nil12024'. £nil) in the year. Trustees can be remunerated by Mitie Group, but are nol remunerated for their role in the Foundation. No employee received emoluments of more than £60.000 in the current or prior year. 7 Taxatlon The charity is exempt from corporation tax on ils charrtable activities. 8 Debtors 2025 2024 Prepayments and accrued income 10,313 11,500 10,313 11,500 9 Credltors: amounts falllng due wlthln one year 2025 2024 Accruals and deferred income 4,962 4,512 4,962 4,512 17
THE MITIE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 10 Movement in funds For the year ended 31 March 2025 At1Apr 2024 At 31 Mar 2025 Income Expenditure Unrestricted funds General funds 24,177 417,176 {367,8611 73,492 Total funds 24.177 417,176 1367,8611 73.492 For the year ended 31 March 2024 Restated At1Apr 2023 At 31 Mar 2024 Income Expendlture Unrestricted funds General funds 81.619 315,615 1373,0571 24,177 Totsl funds 81,619 315,615 1373,0571 24,177 11 Related party tran$a¢tlons The Foundation has a related paty relationship with Milie Group PIC I"Milie"l as Mitie has the power to appoint up lo three board members to the Foundation. Addrtionally, seven of the seven {2024'. seven of the seven) trustees active in the period to the date of signing the accounts were either employees or directors of Mitie in the year. Milie are Ihe major funders of Foundation, and the Foundation second Iheir operational staff from Milie. During the year the Foundation received donations of £nil12024'. £nil} and gifts of services, staff and facilities of £410,835 {2024. £245.037) from Mrtie. Al the end of the period £nil {2024'. £nill was due from Mitie and £nil {2024.' £nill was held within creditors as an amount accrued to Mitie. There were no further related paty transactions in the year or prior year other than recorded elsewhere in the accounts. 12 Capltsl ¢ommltments The Foundation had no capilal commitments as at 31 March 2025 {2024.. None). 13 Liability of member5 The Mitie Foundation is a company limrted by guarantee. In the event of VndIng up, the maximum amount guaranteed to be contributed by each member is £1. 18