Imace
foundation
MACE FOUNDATION
Report and Financial Statements
For the year ended 31 December 2020
Charlty number". 1150134
Company number: 08144743
Not Confidentlal- Internal

Iimace
foundation
ANNUAL REPORT AND ACCOUNTS
31 DECEMBER 2020
Financial statements fortho yoar ended 31 December 2020
Contents Pages
Legal and administrattve information
Report of the Trustees
Independent Examination report
Statement of Financial Activities (including in￿rne and expenditure account)
10
Balance sheet
Cash flow slalemenl
12
Notes to the financial statements
13-19
Income and expenditure account
20
Not Confidential- Internal

Aimace
foundation
ANNUAL REPORT AND ACCOUNTS
31 DECEMBER 2020
Legal and admlnlstrative informatlon
Referen¢e and admlnistrative detalls
Trustees
Mr M Reynolds (Chairman)
Mr R Abbale
Mr D Ailcheson (resigned 2 March 2020)
Dr J Grant
Ms H Livesey (Treasurer)
Ms l McAllisler
Mr J Millell
Mrs D Reynolds
Ms B Welch
Secretary
Ms C Pale
Executlve management
Mr D Hone Ichief Executive Officer)
Mrs J Drummond (Head of Fundraising and Partnerships)
Mrs A Mann (Finance Manager)
Reglstered office and operatlon addre88
155 Moorgale
London
United Kingdom
EC2M 6XB
Regi$tèrèd Company number
08144743
Registered Charity number
1150134
Independent Examlner
P D Newton FCA
Jacob Cavenagh & Skeet
Chartered Accounlanls
5 Robin Hood Lane
Sullon
Surrey SM12SW
Bankers
Barclays Bank PIC
London Corporate Banking
Level 28, 1 Churchill Place
Canary Vvharf. London
E14 5HP
Not Confldentlal- Intembl

Iimace
foundation
ANNUAL REPORT AND ACCOUNTS
31 DECEMBER 2020
Report of the Trustees for the year ended 31 December 2020
The Trustees are pleased lo present their report together with the financial statements of the Mace
Foundation for the year ended 31 December 2020.
structure, governance and management
The Foundation was incorporated as a private company limited by guarantee on 16 July 2012
Iregislration number 081447431 and is a registered charity {regislralion number 11501341. It operates
in accordance with ils articles of association which were adopted by special resolution on 19 November
2012 and as amended by Special Resolution on g April 2019.
Trustees are appointed in accordan￿ with the articles of association of the Foundation. Following an
amendment lo the governing documents of the Foundation Trustees are no longer required lo retire by
rolalion through their period in office. Trustee$ are required however to give due consideration every
fi've years as lo whether the retirement or rolalion of Trustees should be reintroduced to ensure the
continued good governance of the Foundation and Ihereon vole upon. To date. all Trustees have been
re¢ruiled from employees of ma￿ Limited. Potential candidates are selected through consideration of
their leadership, governance, finance and strategic experience and are appointed in accordance with
any skills gaps that have been identified. All Trustees are employees or connected persons of
employees of Mace Limited, which is the main funder of the Foundation.
Trustee inductions are individually tailored lo meet the needs of each Trustee. External Trustee training
is offered to all Trustees who are new to such a role covering topics su¢h as duties of Trustees under
company and charity law. governance and effective interpersonal relationships. Trustees who have
previously undertaken Trustee training are invited to undertake refresher courses as required. Trainlng
needs are assessed individually on an annual basis.
The Foundation is governed by the Trustees who met 4 limes for trustee meetings in 202012019'.4).
Decisions are taken collectively with questions arising al meetings decided by a majority of voles. The
Chairman has a second or casting vole in the event of an equality of voles.
The Mace Foundation's executive team consists of three members.. a Chief Executive Officer. a Finance
Manager, and a Head of Partnerships and Fundraising. All members of staff are employed by Mace
Limited and seconded lo the Mace Foundation. In addition to their work for the Foundation. they also
undertake work for Mace Limited.
Related partles
The Mace Foundation was sel up by the Mace group of companies lo direct ils charitable giving and
activities. Trustees are Mace employees or their connected persons and the current Chairman of the
Foundation is the Chief Executive Officer of Mace, Mark Reynolds. Mace Limited is also the major
funder of the Foundation, having commilled itself lo donating either £300,000 or a sum equal lo 1.10 of
Mace Finance Lld.'s budgeted pre-tax profits and the nel profits from Mace Limited fundraising events
each year.
Further, Mark Reynolds and Jason Millet are both directors and shareholders of Mace Finance Llmited,
the ultimate parent company of Mace Limited. Mark Reynolds is also a Trustee of LandAid, a former
strategic charity partner who continues to be an informal beneficiary. Debbi Reynolds is the wife of Mark
Reynolds. Several trustees made small or immaterial donations to the Foundation or partners bul these
do not warrant further disclosure.
Not Confidential- Internal

Ai,mace
foundation
ANNUAL REPORT AND ACCOUNTS
31 DECEMBER 2020
ObJoctlve8 and actlvltles
The Foundation's objects are such charitable purposes for the public benefit as are exclusively
charitable according lo the laws of England and Wales as the Trustees may from lime to lime determine,
but not exclusively by the provision of grants.
The Foundation is committed to making 8 positive difference in the communities where Mace operates
through charitable activities which benefit the communities for the long term. The Foundation does this
on two levels.. strategic charity partnerships and a match fLtnding programme.
The Mace Foundation is commilled to building strong and enduring relationships and believe that
investing for the long term is the best way lo maximise the imp8Ct of its funding. This also enables the
Foundation to build authentic partnerships which provide opportunities for Mace employees lo give
ba¢k.
The key theme for the Foundation is giving back to communities with a focus on the following areas..
Economic inequality
homelessness causes
Education and employment - practical support lo educate disadvantaged and vulnerable
people and help them secure employment
Health, Wellbeing and Environment- making a difference to the lives of people impacted by
health and wellbeing issues with a particular focus on mental health support.
investing in long term support of local communities and supporting
The Foundation looks to find suitable strategic charity partners and signs mulli-year Ilypically three
ye8rl agreements to provide largeled funding for projects. In 2020, Mind and St. Mungo's were
appointed 88 3- year strategic charity partners.
The Simon Healey Coaching Bursary for WheelPower was established in 2017 in memory of Trustee
Simon Healey. As a tribute to Mr Healey, the Simon Healey Coaching Bursary Was created to develop
WheelPower'$ coaching and volunteer workforce. helping lo increase the number of disabled people
participating in sport and increase the range of inclusive sports opportunities. This will continue until
2022.
Achlevements and performance
We are pioud of our performance and impact in 2020 which was undoubtedly a most difficult year.
We all had to show extraordinary resilience in the face of unprecedented ch811enges. Supporting each
other and giving back lo our communities had never been more important. Despite the challenges posed
by the pandemic and the resulting adjustments lo ways of working, the Foundation was able lo
successfully launch ils two new partnerships with Mind and Sl. Mungo's, lo re-instate the match funding
program after a brief suspension and resumed our fundraising activities lo keep up engagement with
Mace staff.
Match fundlng
Through 2020 the Mace Foundation and Mace people supported 38 ¢harilies thmugh the Foundation,
match funding programme donating just over £34,000
Our match funding programme remains at the heart of the Foundation and allows Mace people to
increase funds they are raising for a charity close lo their hearts and in their communities.
For example, in 2020, we supported the annual Newham Toy Appeal in providing 2,869 stockings filled
with presents lo disadvantaged children living in East London. We also supported several food banks
including Serve the City in Am51erdarn, who provide meals forfamilies who are facing financial hardship.
Not Confidential- Internal

mace
foundation
ANNUAL REPORT AND ACCOUNTS
31 DECEMBER 2020
2020 Strategic partnerships
As 8 result of the Foundation's grants, during 2020 our 51ralegic charity partners, Mind and St Mungo's,
were able to provide much needed services to some of the most disadvantsged and vulnerable people
in our communities. As well as making a difference lo the lives of their beneficiaries. these partnerships
engage ma￿ staff through fundraising challenges, volunteering and pro bono opportunities. Some of
the key achievements of 2020 include..
St Mungo's
32 people being trained in ConstrLJCtion and Maintenance skills ,430 vocational training
sessions and 10 people lo achieved employment through the Sl Mungo's Construction Skills
training programme
We provided 7-day 'FeslNe Packs, (meals and desserts) to 183 residents of Sl Mungo's
Weslminsler homelessness services, which equates lo 1281 hol meals during the St Mungo's
Winter Appeal
Together with Mace's supply chain partners we were able lo help renovate one of St Mungo's
pioneering services, a housing-based model for partiCLJlarly vulnerable homeless women in
London. Over £45,500 of pro bono support and £8,480 in kind donations were provided and
766 hours spent. We will continue supporting this project in 2021 by creating a mindfulness
garden to help make a real difference lo the lives of the residents
Mace employees raised £26,424 by taking part in Sl Mungo's Take the Lead challenge hosllng
quiz nights and abseiling down the UK'S lallesl sculpture the Arcelormittal Orbit lo help end
homelessness
Mlnd
Our annual donation lo Mind has helped them expand their vital information services during the
pandemic
growing the reach of their digitsl resources with nearly 2 million views of their
COVID-19 information hub since ils launch in March 2020
We continued to facililale deeper relationships between Mind and Mace's Health and Wellbeing
team lo help raise awareness around go(Id mental health at work
Mace employees pul on a Karaoke Night. lunchlirne talks, quizzes and more to raise funds and
awareness for mental health
Flnaneial review
The Foundation's in¢ome for the year totalled £381,253 {2019: £586,270) whilst expenditure lotalled
£356,54612019: £620,387) ofwhich £277.95812019, £513,908) relates to direct charitsble expenditure.
Income and Expenditure in 2020 was impacted by the Covid-19 pandemic.
Funding comes from three main sources.. Mace Limited donations £260.00012019.. £312,000). Mace
Limited fundraising £120,94812019'. £273.088), and other donations £30512019: £1,182}-
Charitable expenditure of £277.958 (2019.. £513,908) was made up of strategic Charity partnerships
£120,00012019.' £130,000), direct donations to charities £123,78012019.' £146,575) and employee and
project match funding donations £34.178 {2019.' £237,333). Support and govemance costs totalled
£78,18012019.' £105,456).
£109,151 of restricted expenditure was made in 2020 12019.. £91.9751,' the majority relating to a
donation to the NHS for PPE, project fundraising costs, project donations for nominated charities, and
Mace Ltd donations for strategic charity partners.
Not Confldential- Internal

mace
foundation
ANNUAL REPORT AND ACCOUNTS
31 DECEMBER 2020
Reserves
Al 31 December 2020 reserves lolalled £73,03812019.. £48,331). The Tru51ees had previously agreed
that no more than fi've per cenl15.hl of the Foundation's annual income should normally be retained as
unreslricled funds at the year-end. The aelual level of reserves 15 reviewed annually in December and
Trustees agreed that the 2020 surplus reserves should be brought forward lo 202110 miligale against
any potential fundraising income shortfalls.
Rlsk management
The Trustees have undertaken their annual review ofthe major risks to which the Foundation is exposed
and are satlsfied that appropriate mitigating actions are in place lo reduce or control each risk.
During the year, the COVID-19 pandemic unfolded in ways that could not have been predicted.
Consideration was given to the uncertainly caused by the pandemic particulaily lo the increased risk to
the charity's income for 2020 and beyond.
Ma¢e Lld.'s donation for 2020 reflects the charity's reduced operations in the year and the subsequent
reduction in variable expenditure. The 2020 donation from Mace along with surplus reseNes and
fundraising income comfortably covered the charity's fixed cost commitments which are comprised of
charity partnerships and salary costs. In addition, the terms of the staff secondmenl contracts allowed
for flexing of staff ¢osts to Mace Ltd. which resulted in a reduction of budgeted salary costs as the
Finance Manager was re-allocated to the Mace treasury team. An additional reduction to salary costs
was realised through furlough credits.
As a further risk management measure, TTuslees agreed to hold a higher level of reserves as a
contingency for any potential shortfall in 2021 fundraising. However, robust planning for 2021
fundraising was finalised al year end and a steady calendar of events, predominately virtual, have been
planned for 2021 with realistically achievable income targets. Uncommilled expenditure has been
planned with funding risks in mind and will be monitored continually and closely.
Grant maklng policy
The Mace Foundation does not consider external requests for grants or donations, focusing support on
specific charities and nol-for-profil organisations which build on existing relationships through Mace
Limited employees and projects. All requests are subject lo Trustee approv818nd musl align with the
Foundation's charitable objectives. We proactively and strategically support projects where we can
make a real and sustained difference.
Plans for future periods
Due lo the coronavirus pandemic, we have reappraised our CO￿ activities and there are 3 key areas
we will be exploring in our business planning.. awareness, partnerships, and fundraising.
Awareness - we will ¢ontinue to raise awaTrness and engagement across Mace about the
purpose of the Mace Foundation and our charity partners and their charitable causes. We will
identify Mace networks and projects to work with on specific inilialives.
Charity partnerships ~ we will continue working with Mind, Sl Mungo's, and Dubai Cares to
identify projects outside of fundraising where Mace people can use their expertise and skills lo
benefit the charities and themselves. For example, pro bono projects such as working with Sl
Mungo's employment team lo create a pathway specifically lo develop their clients work
capabilities for long term property maintenance roles.
Fundralslng - we will continue lo provide Mace people with organised fundraising challenges
with our charity partners and the Mace Foundation. We will provide support for projectslleams
with their bespoke fundraising ideas and engage with targeted projects to make a bigger impact.
Not Conftdentlal- Internal

Iimace
foundation
ANNUAL REPORT AND ACCOUNTS
31 DECEMBER 2020
During 2021 the Trustees intend lo review their Engagement and Fundraising strategy and approach
and also the effectiveness of Grant Giving and associated Impacts to ensure they are securing
funding and clelivering charitable outcomes as efficiently as possible.
The efforts of Mace people are fundamental to making our charity partnerships a success. From
fundraising and raising awareness to volunteering and pro-bono work, the Foundation recognises that
Mace people are central to our vision of making a lasting impact in the communities where Ma
operates. Our Mace Foundation Ambassador programme was launched in early 2020 but due lo the
restrictions imposed by the pandemic, il was decided Ihatthe programme be put on hold and relaunched
al a future dale when events could be held more reliably. In 2021. the Mace Foundation Ambassador
programme merged with the Mace Wellbeing Ambassadors lo bring together the worlds of wellbeing
and giving. We believe that combining resources will support the growth and reach of the Mace
Foundation.
Our ambition to set LJP International partnerships in key Mace International hubs (North America. UAE,
South Africa, and Australia) is ongoing and we are pleased that an Americas region working group was
established in December 202010 help increase staff engagement and coordinate the region's charitable
giving. The group has identified b￿0 charities they would like lo support in 2021- Dress for Success
Worldwide and The Nature Conservancy for South America. The group will work with each charity lo
identify how best lo support the ¢harilies on a lo¢al level through fundraising and volunteering.
We are also pursuing an official partnership with Dubai Cares with whom the Mace team in UAE have
supported for a number of years through fundraising, volunteering and raising awareness.
Public benefit
The Trustees have considered the Charity Commission's requirement in respect of public benefit. In
their view, the charity meets, in full, the criteria to satisfy the test. The Trustees, annual report describes
the activities undertaken to further ils charitable purposes for the public benefi't.
Polltlcal donations
Donations to political parties are specifically prohibited by the Mace Foundation. Therefore no donations
were made within the year.
Dlrectors and officer's insurance
During the year. the company provided directors, and officers, insurance cover.
Trustees. responsibilities in relation to the financial statements
The Trustees (who are also directors of Mace Foundation for the purposes of company law) are
responsible for preparing the Trustees, Report lincorporaling the directors, report) and the financial
slalements in accordance with applicable law and United Kingdom Accounting Standards, including
Financial Reporting Standard 102.. The Financi21 Reporting Standard applicable in the UK and RepubliG
of Ireland (United Kingdom Generally Accepted Accounb'ng Praclicel.
Company law requires the Trustees lo prepare financial statements for each financial year, which give
a true and fair view of the stale of affairs and income and expenditure of the charitable company for
that period. In preparing these financial statements the Trustees are required lo..
select suitable accounting policies and then apply them consislenlly.,
observe the methods and principles in the Charities SORP.,
make judgments and accounting estimates that are reasonable and prudent.,
slate whether applicable UK Accounting Standards have been followed, subject to any material
departures disclosed and explained in the financial slalemenls.. and
prepao the financial sl8tements on the going concern basis unless il is inappropriate lo
presume that the charitable company will continue in busines5.
Not Confidentlal- Internal

Imace
foundation
ANNUAL REPORT AND ACCOUNTS
31 DECEMBER 2020
The Twslees are responsible for maintaining proper accounting records which disclose with reasonable
accuracy at any time the financial position of the charitable company and enable them lo ensure that
the financial statements comply with the Companies Act 2006. They are also responsible for
safeguarding the assets of the charitable company and hence for taking Teasonable steps for the
prevention and detection of fraud and other i￿egUlar1ties.
The maintenance and integrity of the charity's website is the responsibility of the Trustees. Legislation
in the United Kingdom governing the preparation and dissemination of financial statements may differ
from legislations in other jurisdictions.
This report has been prepared in accordance with the Slalement of Recommended Pracli¢e'.
Accounting arkd Reporting by Charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Financial Reporting
Standard applicable in the United Kingdom and Republic of ITeland IFRS 1021 and the Charities A¢1
2011.
In preparing the Iruslees, report advantage has been taken of the small company's exemption.
Mark Reynolds
Chairman
Not Confidential- Internal

Iimace
foundation
ANNUAL REPORT AND ACCOUNTS
31 OECElVtBER 2020
Independent Examinevs Report to the Trustees of Ma¢e Foundation (the Company)
I report to the charity trustees on my examination of the accounts of th8 Company for the year ended
31 December 2020 set out on pages 1010 19.
Responsibilities and basis for report
As the charity's trustees land also its directors for the purposes of company lawl you are responsible
for the preparation of the accoun15 in accordance with the ￿qUIrementS of the Companies Act 2006
I'lhe 2006 Act,).
Having sat15fied myself that the awounls of the Company are not requifed lo be audited under Part 16
of the 2006 Act and are eligible for independent examination, I report in respect of my examination of
your charity's accounts as carried out under section 145 of the Ch8riles Act 2011 {'the 2011 Act.). In
arrying out my examination I have followed the directions given by the Charity Commission under
section 145{5}{b) of the 2011 Act.
Indopendent examiner's statement
Since the Comp8ny's gross income exceeded £250,000 your examiner musl be a member of a body
listed in section 145 of the 2011 Act. I confirm that l am qualified lo undertake the examination because
l a member of the Inslilule of Chartered Accounlanls in England and INales, which is one of the listed
bodies.
I have completed my examination. I confirm that no mallers have come to my attention In connection
with the examination giving me cause lo believe..
accounting recorcl8 were not kept in respect of the Company ag required by section 386 of the
2006 Act., or
the accounts do not accord wsth those iecords.. or
the account8 do not comply with the accounting requirements of secllon 396 of the 2006 Act other
than any requirement that the accounts give a 'true and falr vSew whlch is not a maller considered
as part of an independent examination., or
the accounts have not been prepared in accordance with the methods and principles of Accounting
and Reporting by Charities.. Slalement of Recommended Practice applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and the
Republic of Ireland (FRS 1021
I have no concerns and have come across no other matters in connection with the examlnation to which
atler¢tlon Should be drawn in this report in order lo enable a proper understanding of the accounts to be
reached.
Paul Newton FCA
Jacob Cavenagh & Skeel
5 Robin Hood Lane
Sutton
Surrey
SM12SW
Date.. 2S ￿rIkthr ZrJZI

Iimace
foundation
ANNUAL REPORT AND ACCOUNTS
31 DECEMBER 2020
statement of Flnanclal Actlvltles {Including Income and expendlture account)
for the year ended 31 December 2020
Notes Unrestrlcted Restrlcted
funds
funds
2020
2020
Total Unrestricted Restrlcted
funds
funds
funds
2020
2019
2019
Total
funds
2019
Income:
Donations and legacies
272,102
109,151
381,253
494,295
91,975
586,270
Total Income
272 102
109151
381253
494 295
586 270
Expendlture:
Costs of raising funds
Fundraising costs
{17,7201
{17,720)
(20.712}
120.712}
Expenditur8 on charitable 8Ctivitl8S
Donations payable
(229,675) {109,151) 1338,8261
(507,700)
{91,9751 1599,675)
Totsl expendlture
247 395
109 151
356 $46
528412
620 387
Net Incomel(expenditure}
24.707
24.707
134,1171
(34,1171
Net movement In fund8
Funds brought forward
Ii/t2
Funds carrled fotward
48.331
48,331
All income and expenditure derive from continuing aclivilies.
The notes on pages 13 10 19 form part of these financial statements.
io
Not Confidential- Internal

Iimace
foundation
ANNUAL REPORT AND ACCOUNTS
31 DECEMBER 2020
Balance sheet at 31 December 2020
Notas
2020
2019
Current Asset$:
Debtors
Cash at bank and in hand
27,430
38,928
90,540
130,883
Llablllties:
Creditors.. Amounts falling due within one year
17,502
82.552
Total net assets
10
The funds of the charlty:
Unreslricled funds
Restricted income funds
12
73,038
48,331
73,038
48,331
The Trustees Idireclors} are s81isfied that the company is enlilled lo exemption from the provisions of
the Companies Act 2006 (the AGI) relating to the audit of the financial statements for the period by virtue
of Section 477. and that no member or members have requested an audit pursuant lo Section 476 of
the Act.
These financial slatsmenls have been prepared in accordance with the provisions available to
companies subject lo the small companies, regime within Part 15 of the Companies Act 2006.
The trustees acknowledge their responsibility for..
ensuring that the company keeps adequale accounting records which comply with Section 386 of
the Act,. and
preparing financial statements which give a t¥ue and fair view of the slate of affairs of the Gompany
as at the end of the financial period and of ils surplus or deficit for the financial period in accordance
with the requirements of sections 394 and 395 and which otherwise comply with the requirements
of the Companies Act 2006 relating to financial statements, so far as applicable lo the company.
These financial statements were approved by the trustees and aulhorised for issue on 23 sep.tember 2021
and are signed on their behalf by..
Mark Reynolds
Chairman
The notes on pages 13 10 19 form part of these financial statements.
Company Number: 08144743
li
Not Confidential Internal

Ai,mace
foundation
ANNUAL REPORT AND ACCOUNTS
31 DECEMBER 2020
Statement of Cash Flows for the year ended 31 December 2020
Noles
2020
2019
Nel cash {used inl operating activities
15
128,8451
19,452)
Cash flows from investing activities
Cash flows from financing activities
Change In cash Sn the year
128,845)
19,4521
Cash al the beginning of the year
91.955
101,407
Cash at the end of the year
12
Not Confldentlal - Internal

Jimace
foundation
ANNUAL REPORT AND ACCOUNTS
31 DECEMBER 2020
Notes to the flnancial statements
for the year ended 31 December 2020
General informatlon
Mace Foundation is a registered charity (Charity Number.. 11501341 and is a private company limited
by guarantee (Company number.. 081447431, incorporated in England and Wales and domiciled in
England. The registered office is 1 $5 Moorgale, London, EC2M 6XB.
A¢¢ounting policies
The principal accounting policies are sel out below. The accounting policies have been adopted
consistently throughout the year.
al Basis of accounting
The accounts (financial stalemenlsl have been prepared under the historical cost convention and in
accordance with the 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 1021 (effective 1 January 20191 Charities SORP IFRS 1021, the Financial
Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Chaiities
Act 2011 and the Companies Act 2006,
The financial statements are presented in £ sleding and are rounded lo the nearest £1.
The company constitutes a public benefit entity as defined by FRS 102.
bl Going concern
Having assessed the Foundation's financial position and plans for the foreseeable future in light of the
impact of COVID-19, the Trustees are satisfied that il remains appropriate lo prepare the financial
statements on a going cOn￿M basis.
Vlfftilst there has been a reduction in the charity's budgeted 2020 income, the level of income received
lo dale is £240,000 and together with the brought forward reserves from 2019, comfortably exceeds the
fixed commitments lo the charity's beneficiaries and salary costs. Trustees reviewed the 2020 forecast
monthly and 8t present the level of forecast reserves, £25,300, is more than the 50k of income reserves
policy.
In 2021 and beyond, the donation from Mace Ltd as the main source of income for the charity remains
a firm commitment and the Trustees expect the Mace Ltd. donation will more than sufficiently cover all
the very minimal fixed costs of the charity. The Trustees believe that the pipeline of Ihoughlfully planned
fundraising events will provide the charity with the additional resources to continue its operab'ons.
Through sound financial planning and additional proactive actions in response lo the pandemic, the
Trustees have concluded that COVlD-19 will not materially affect the abi5ily of the charity lo continue
as a going concern for the foreseeable future.
c) Income
Charitabl8 donations All income is recognised once the charity has enlillemenl lo the income, il is
probable that the income will be received and the amount of income receivable can be measured
reliably.
Coronavirus Job Retention Scheme govemment grant Incon￿ - CJRS grant Income is recognised in
the period to which the underfying furloughed staff costs relate.
13
Not Confidentlal- Internal

•1,mace
foundation
ANNUAL REPORT AND ACCOUNTS
31 DECEMBER 2020
Notss to the financial statements
for the year ended 31 Decembor 2020 Icontinuod}
d) Expenditure
Expenditure is accounted for on an accruals basis and recognised when a liability is incurred.
Costs of raising funds are those costs incurred in attracting voluntary income.
Support costs are those functions that assist the work of the charity but do not directly undertake
charitable aclivilies. Support costs include stsff costs, non-recoverable VAT, sundry consumables and
governance costs. Governance costs are those costs primarily incurred in respect of compliance with
statutory and conslilulional requirements. The basis for the allocation of support costs are sel out in
note 7.
Donations payable are payments made lo third parties in the furtherance of the charitable objectives of
the Foundation. Mulli-year grants lo strategic charity partners a￿ accounted for when the recipient has
a reasonable expectation that they will receive a grant and when the Trustees are s8tisfied that the
conditions included within the agreements have been met,. this will usually be on an annual basi$. Grant
recipients are sel out in note 6.
e) Fund structure
The funds held by the charity are either..
Unrestricled general funds these are funds which Gan be used in accordance with the charitable
objects al the dis¢relion of the Trustees.
Reslricled funds - these are funds that can only be used for particular restricted purposes within the
objects of the chartty. Reslriclions arise when specifred by the donor or when funds are raised for
partlcular restricted purposes.
fl VAT
The ¢harilable rompany is not registered for VAT. Non-recoverable VAT is in¢luded within support
costs.
gl Taxation
The charitable company is exempt from Corporation Tax on its charitable activities. The charity is
exempt from tax on income and gain5 falling within section 505 of the Taxes Act 1988 or section 256 of
the Taxation of Chargeable Gains Act 1992 to the exlenl that these are applied lo its charitable objects.
h) Financial Instruments
The Foundation only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised al transaction value and subsequently
measured al their settlement values.
14
Not Confidential- Internal

Jimace
foundation
ANNUAL REPORT AND ACCOUNTS
31 DECEMBER 2020
Notes to the financlal statements
for the year ended 31 December 2020 (continued
Donations and legacles
Unrestricted Restricted
funds
funds
2020
2020
Total Unrestrlcted Restrlcted
funds
funds
funds
2020
2019
2019
Total
funds
2019
Mace Limited donation$
Mace Limited fundraising
Other donations
220.000
51,797
305
40,000 260,000
69,151
120,948
305
300,000
193,143
1,152
494,295
fj2,000
79,945
30
312.000
273,088
1,182
586.270
272.102
109.151
381,253
91,975
Fundraising costs
Noles Unrestricted Restricted
Funds
funds
2020
2020
Total Unrgstricted Restricted
funds
Funds
funds
2020
2019
2019
Total
fund$
2019
Direct fundraising costs
Support and governance
14081
117.3121
{17,7201
1408}
117,3121
117,7201
{1,0231
{19,S891
120,7121
11,0231
119,6891
120.7121
Charitablg activities
Nots$ Unrestricted Restrictgd
Funds
funds
2020
2020
Totsl Unr9Stricted Restricted
funds
Funds
funds
2020
2019
2019
Total
funds
2019
Grants lo strategic charity
partners
Donations to charities
Match funding donations to
charities
Total donations
Support and goveman
1120,000)
1120,0001
{14,629) 1109,151) (123,7801
1130,0001
154,6001
1130,0001
191,9751 {146,5751
34,178
1168,8071 1109,1511 1277.9581
{60,8681
160.8681
1229,675} {109,151) 1338,8261
237,333
1421,9331
{85,7671
{507,700}
237,333
191,975} 1513,9081
185,7671
{91,9751 (599,6751
15
Not Confldential- Internal

Iimace
foundation
ANNUAL REPORT AND ACCOUNTS
31 DECEMBER 2020
Notes to the financial statgments
forthe year gndod 31 December 2020 Icontinuedl
Grant payments
1000kn of the grants and donations were to inslilutlgns. The table below shows details of the grants lo
the strategic charity partners.
2020
2019
Proactive partnerships
Construction Youth Trust
40,000
20,000
40,000
LandAid
10,000
55,000
55,000
Mind
Sl Mungo's
Youth Hostel Association
20,000
Multi-year monetary partnerships
Institution of Civil Engineers
Total grants
10,000
130,000
120,000
Support costs
Unrestricted Restri¢ted
funds
funds
2020
2020
Total Unrestricted Restricted
funds
funds
funds
2020
2019
2019
Total
funds
2019
Staff costs
Insurance
Bank charges
Non-recoverable VAT
other costs
Governance costs
(72,4061
11,450)
1126}
16121
19951
12,5911
178,1801
172,4061
11,4501
11261
16121
{9951
12,5911
178.1801
197,746)
11,4001
13291
19511
11,380)
{3,650}
1105,456}
197.7461
11.4001
13291
{951)
11,380}
13,650}
105,456}
The Chief Executive Officer, Mace Foundation Finance Manager,. Head of Partnerships and Fundraising
are employed and paid by Mace Limited. They are seconded lo the Foundation with the relevant costs
re-charged to the Mace Foundation. The 312019.. 31 staff members during the year are all considered
to be key management personnel. No employees received employee benefits of more than £60,000.
Governance costs include the independent examination charges for the year of £2,250 (including VATI
plus fees for preparation of the accounts of £750 lincluding VAT}.
Support costs have been allocated lo charitable activities and fundraising based on staff time.
Trustees, remuneratlon and expenses:
No trustees received any remuneration or benefits in kind during the period.
No tfftvel or other expenses were reimbursed lo trustees during the period.
16
Not Confldentlal - Internal

Iimace
foundation
ANNUAL REPORT AND ACCOUNTS
31 DECEMBER 2020
Notes to the financlal statements
for the year ended 31 December 2020 Icontlnuedl
Debtors
2020
2019
Accrued income
Mace Limited
21.097
6.333
27.430
38,928
38,928
Credltors: amounts falling due within one year
2020
2019
Trade creditors
Credit card
Independent examination
Mace Limited
Unpaid charitable donations
{2.9421
{6,5581
13,0001
12.9421
119.5351
14,3801
114,9311
140,764)
182,552}
15,0021
117,5021
10.
Allocation of net assets between funds
Unre8trlcted Restrlcted
funds
funds
2020
2020
Total Unrestrlcted Restrlcted
funds
funds
funds
2020
2019
2019
Total
funds
2019
Current assets
Current liabilities
90,540
117,5021
73,038
90,540
117,5021
73,038
125,359
{77,0281
48,331
5,524
130.883
15,5241 {82,552)
48,331
17
Not Confidential- Internal

Iimace
foundation
ANNUAL REPORT AND ACCOUNTS
31 DECEMBER 2020
Notes to the financlal statements
for the year ended 31 Decomber 2020 (continued)
11.
Restrlcted funds- 2020
Balance at
1 January 2020
Balance at
31 December
2020
Income
Expenditure
Mace Limited Donations
Total restrlcted funds
109.151
109.151
{109,151)
{109,1511
Restrlcted funds - 2019
Balance at
31 December
2019
Balance at
1 January 2019
Income
Expendlture
Mace Limited Donations
91,975
91,975
191,9751
(91,9751
Total restrlcted funds
Mace Limited Donatlons - These funds represent donations made from Mace Limited to the Mace
Foundation for specific causes and the subsequent donation of these funds.
12. Unrestrlcted funds - 2020
Balance at
31 December
2020
Balance at
1 January 2020
Income
Expenditure
General Fund
48.331
272,102
(247,395)
73,038
Unrestricted funds- 2019
Balanco at
31 December
2019
Balance at
1 January 2019
Income
Expendituro
Gengral Fund
82,448
494,295
{528,412)
48,331
18
Not Confidentlal Internal

Imace
foundation
ANNUAL REPORT AND ACCOUNTS
31 DECEMBER 2020
Notes to the financial statements
for the year ended 31 December 2020 Icontinuedl
13.
Liability of the Members
The charitable company does not have a sha¥e capital and is limited by guarantee. In the event of the
charitable company being wound up, the maximum amount that each member is liable to contribute is
one pound. As al 31 December 2020 there were 8 members12019.' 81.
14.
Related party transactlons
The Mace Foundation was sel up by the Mace group of companies lo direct ils charitable giving and
volunteering aclivilies. Trustees are Mace employees or their connected persons and the current
Chairman of the Foundation is the Chief Executive Officer of Mace. Mark Reynolds. Mace Limited is
also the major fLJnder of the Foundation, having commilled to donating 1 of ils budgeted pre-tax profits
comprising MaGe Limited donations and Mace Limited fundraising events each year.
Further, Mark Reynolds and Jason Millet are both directors and shareholders of Mace FinanTr Limited,
the ultimate parent company of Mace Limited. Mark Reynolds is also a Iruslee of LandAid, one of Mace
Foundation's strategic charity partners, having joined the LandAid board after il became a strategic
partner. During the year a grant was paid to LandAid of £10.00012019 - £20,000) and £1,220 credit
card expenditure was also reimbursed to LandAid12019'. £nill. Additionally. Debbi Reynolds who is a
Trustee of Mace Foundation is the wife of Mark Reynolds.
15.
Re¢on¢iliation of net movement in funds to net ¢ash flow from operating activities
2020
2019
Nel movement in funds
Decrease in debtors
(Decreasellincrease in creditors
Nel cash used In operatlng aetlvltles
24,707
17,831
71,383
28,845
(34,1171
8,188
16,477
19
Not Confidential- Internal

Iimace
foundation
ANNUAL REPORT AND ACCOUNTS
31 DECEMBER 2020
Income and Expenditure account
for the year ended 31 December 2020
2020
2020
2019
2019
Income
381,253
586,270
Deduct: Expenditure
Charitable donations
Staff costs
Legal, professional and governance
Non-recoverable VAT
Financial
Fundraising
Other expenditure
1277.9581
172.4061
12,591}
16121
11261
14081
1513,9081
197,746)
{3,6501
19511
(3291
11,023)
1356,546)
1620,3871
Net surplusl{deficit)
24,707
34,117
Legali professional and governance
Independent examination charges
12,591}
(3,6501
Flnanclal
Bank charges and interest
1126}
13291
This page does not form part of the statutory accounts.
20
Not Confidential- Internal