REGISTERED CHARITY NUMBER: 1150662 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR THE MASON FOUNDATION
THE MASON FOUNDATION CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Pag• Report of the Truste•s Independent Examlner's Report Statoment of Flnanclal Attivltlgs Statement of Flnanclal Posltlon Notes to th• Fin•nclal Statements 10 10 14 Detalled Statement of Flnanclal AGtlvltle8 15
THE MASON FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The Iruslees present Iheir report with the financial slalements of the chaiily for Ihe year ended 31 December 2024. The truslegs have adopted the provisions of Accounting and Reporting by ch8rilios.' Slalem8nl of Recommended Practice applicable lo eharities preparing their 8ccounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 20191. OBJECTIVES AND ACTIVITIES Objectives and aims The Mason Foundation exists lo ereate suslainable, scalable solutions Ihal empower vulnerable communities. Our mission is lo build a future where everyone has opportunities lo lèad active, healthier, and luifilled lives. The charity focuses on driving systemic change to address inequalities through locally driven support, with Ioc81 people at the heart of delivery. Slgnlficant actlvltles 2024 marked the start of our ambitious 'EmpoweTing Futures, slralegy {2024-20261, selling out our bold roadrnap lo drive change towards a fairer society. We began Ihe year with clear obieclives focused on scaling our impacl in key regions whilst strengthening our foundation for suslalnable growth. Slrale9ic Objaclives for 2024 We sel out lo.. Focus and expand our delivery in three key regions.. South East, Midlands. and North Wesl 8uild team capacity with Ihr6e d8dicat8d Training and Support Workers Expand our network of volun16ers IAmbassadors, Champions and Menlorsl lo 500+ delivering our vartous programmes and activities Rea¢h 3,750 beneficiaries Programme Intggratlon A key focus for 2024 was the seamless integration of our Communlty Mlle and Propel programmes, embedding links between physical activity and employability. This inlegraled approach aimed lo create a holistic support system for Champions lo support Ihose most vulnerabl8 individuals on journey lo leading active, fulfilled lives and meaningful employmenl using the power ol physi¢al activity as a vehicle lo drive transferable skill development. Communlty Engagement W8 committed lo engaging with divers8 local communities, educational inslilulions, and businesses, empowering supportive networks th81 encourage inclusivity and remove barriers whilst empowering and supporting the development of vi181 employability skills. Our approach Cenlred around supporting local people lo dnve sustainable change wilhln their communities. Bulldlng Local Capa¢lty Central lo our 2024 objectives was building local capacity IhroLtgh'. Training and empowering Propel Mentors and Community Champions Equipping local people with skills lo support their communities long-lemi Developing sustainable communily-led solutions Creating pathways for vulnerable individuals lo access opportunities This found2lion year of our Empowering Futures strategy focused on establishin9 robust delivery mechanisms and partnerships that will support our ambitious growth plans through lo 2026. Page 1
THE MASON FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 OBJECTIVES AND ACTIVITIES Overview of A¢livilies and Impact Communi Mlle Pro ramme Successfully expanded delivery across South East. Wesl Midlands. and North Wesl Tegions Trained and supported over 300 Community Mile Charnpions Established sustainable weekly activities in largel communities Successfully integrated delivery across 7 National Trust sites, bre8klng down barrier5 to access heritage locations Demonslraled significant health impacts with 86P/¢ of participanls portIng improved physical health and 78¥¢ reporting enhan¢ed emolional wellbeing el Pro ramme Delivered vocational 5Ltpport lo young neurodivergent people across education and workplace settings Trained over 100 Propèl Mentors Established new partnerships with major omployers including Royal Mail, Hilton Hotels, Whilbread and 08kland Inlemalional Awarded funding to launch the Propel online Portal IProp81 Palhwaysl supporting neurodivergent people nationally towards paid employment Bes oke Communit Im act Pro Piloted inlergeneralional activities Developed eco-garden projects promoting environmental awarenes$ and community engagement Implemented tsrgeled social impact workshops Publlc bongfit The charity ¢onslilul8s a public benefit entity. ACHIEVEMENT AND PERFORMANCE Charltablg actlvltl•s The past year has marked significanl growth and achievement for the Mason Foundation, with our reach extending well beyond our Inllbal largels. We are proud lo have served over 7,500 beneficiaries, subslanlially exceeding OUT projected engagement goals. We are pmud of our geographical expansion, with successful integration of services across the East Midlands, South Wesl, and Northem regions, allowng us lo support more individuals and communities in need. A major mi18slone this year was aGhieving our own Level 3 Disability Confident Leader status, Teinforcing our commllmenl lo inclusive practices. ensuring The Mason Foundation leads by example. We have continued lo strengthen our strategic partnerships, maintaining positive collaborations with Sport England, The National Trust, and numerous housing associations, alongside other aligned organisalions. These partnerships have enhanced our service delivery capabilities and broadened our impact across seclors. The inlroduelion of our National Youth Ambassadors programme has ensured we are actively embedding youlh voice throughout our organisalion, ensuring our services remaln relevant and responslve lo the needs of our youn9 people. FINANCIAL REVIEW Prlncipol fundlng sourcos This charity receives grants and funding from organisations lo conduct charitable activities and projects aligned lo The Community Mile. Propel and bespoke community impact. During the year, il received funding lotalling £327,625 12023.. £300,364. Page 2
THE MASON FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 FINANCIAL REVIEW Financial Management and Controls The Mason Foundation maintains robu51 financial governance systems lo ensure appropriate management of chari18ble funds. Our financial operations are overseen by our CEO and Chairman, who meet monthly lo review finances and report back lo the board of Iruslees on a quarterly basis to review financial performance against budgets and ensure compliance wlh financial regulations. Day-lo-day financial adminislralion is managed by our central team, wlh support from an external accountancy (Wells Associalesl that piovides accounting services and prepares quarterly management accounts. All expenditure requires dual aulhorisalion in 8ccord8nce with our financial procedures policy, with different thresholds of aulhorisalion depending on (ha value of Iransaclions. The charily uses Xeio {a ¢loud-based accounting softwaiel that enables real-time financial reporting and monitoring. Regular financial reports aro presenlod lo the Board of Trus168s al their quarterfy meetings, allowing for lim8ly decision-making and financial oversight. An annual independent examination ol our accounts Is ¢onducled In compliance wilh charity law requirements, providing additional assurance on the 8c¢uracy and completeness of our financial reporting. Re8èrv•$ pollcy Unreslricled funds r?serve8 are malnlained lo Gover governan¢o costs and to respond to various appllcalion of grants and donations. Restricted fund reserves 8re held lo be used within certain reslri¢tions of the relevant funds ieceived. The Charity holds re$lricled funds 01 £53,87612023'. £72,437} Ihe$e will be used lor the evenl$ in 2024 and beyond. Total Unrostricled funds held was £44,00012023.' £NILI. The lolal funds held were £97,87612023'. £72,437>. Golng concèm The Iru51ee's have reviewed going ¢oncern and Gonsider there lo be no malerlal uncertainties of the charlly's abllity lo continue a5 a going concern. FUTURE PLANS Looking ahead lo 2025, The Mason Foundation have established 8mbllious yel achievable objecllves lo further extend our impact. We plan lo significantly expand our operational capacity by establishing 11 people within our team. This expansion will enable u5 lo reach our largel of supporting 15,000 beneficiaries and our extensive training programme that will piepare 1,000 Propel MonloTS and Community Champions. UK growth lealures promlnently in our strategy, with planned extension of our services Into Wales, Scotland as well a$ further growth across En9land. We anlicipale technology will play a key role in our development through the launch of the Propel Pathways Portal, en8bling us lo reach more beneficiarigs through innovative digital solutions. We 8Te also focusing on slrenglhening our neuroinclusive 8mploymenl partnerships. creating more pathways lo meaningful employment for our beneficiaries. To ensure long-lerm suslainabilily, we ale developing now funding streams through corporale dèlivery programmes, diversifylng our income sources whilst sharing Ouf expertise with the corporate sector. STRUCTURE, GOVERNANCE AND MANAGEMENT Governln9 document The Charitable Trust is consliluted by Trust Deed dated 16 November 2012. and its objects to apply as appropriate the income and the whole or any part or parts of the Charitable Trust at any lime or from lime lo lime generally lor such purposes or objects which are for the benefit of the public and are recognised as exclusively Charitable according lo the Law of England and Wales as the Iruslees in their absolute discretion may think fil. Page 3
THE MASON FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Recrultment and appointment of new trustees The trustees delegate the day lo day responsibility for the adminlslration of the Charity to Ms Anna Skeats ICEO}. Trustees are appoinled by resolution of the existing Iruslees. When 8 new Irusleg is so appointed, a memorandum of hislher appointment shall be prepared. Following appoinlmenl, new Iruslees are introduced lo their new role and given copies ol the trust deed and a gvide lo the policies and procedures adopted by oui eharily. A number of ptsblicalions from the Charity Commission are also provided including the guidance on charities and public benefit, This ensures that new Iruslees are aware of the scope of their fesponsibililies under the Charities Act. Initially, new Iruslees work with existing Iruslees assisting on particular activities and projects run by the Charity. After salisfaclory feed back from existing trustees they are then given the task of leading a parti¢ular activity or project, reporting progress al Iruslees, meetings. Organlsational structure The Mason Foundation operates wllh a Clear organisalional stru¢lure designed to efficiently delSver ils charitable objectives whil$ maintaining proper governance and accountability. Leadership and Management The charity is led by a Chief Executive Officer, Anna Skeats who reports directly lo the 8oard of Trustees. The CEO is supported by 8 Senior Leadership Te8m comprising.. Head of Operations - responsible for overseeing all delivery 8clivilies Business and Govemance Manager . managing adminislralive functions and flnancial operations Partnerships and Developmenl Manager- leading on stakeholder engagement and operational delivery Staffing Structure The charity currènlly employs a Core team of 10 staff members. ol which 8 are part-lime staff. Remote hub-based work The Mason Foundation team operale from home, with no one central base, to keep overheads lo a minimum. Our delivery team are regionally spread with a geographical presence across the South, Midlands. North of England and S¢otland. Systèms and Pro¢esse$ The Charity mainlains comprehensive operational systems including.. HR policies and procedures Ihal ensure compliane6 with employmenl legislation and best practice Quality assurance frameworks lo maintain consislenl service delivery Data protection procedures compliant wlh GOPR requirements Health and safely policies lo saleguard slaff. volunleers, and beneficiaries R•lat8d partles The Iruslees consider the board of Iruslees as comprising the key management personnel of tho charity in charge of directing and controlling the charity and running and operating the charity on a day lo day basis. During the year, no Iruslees of the charity were paid remun$ralion. Details of Iruslèe expenses and related paty transaclions are disclosed in the notes lo the accounts. Page 4
THE MASON FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management The Iruslees have a duty lo identify and review the risks to which the charity is exposed and lo ensure appropriate controls are in place to provide reasonable assurance 8gainsl fraud and error. The Trustees examine the major strategic, business and operational risks, which the charity faces regularly. The charity actively reviews the major risks which il faces on a regular basis and believes that maintaining reserves al current levels combined with 8n annual review of the controls over key financial system5, will provide sufficient resources in the event of adverse conditions. The charity require all ils slaff and people working for the Charity lo complete approprlale Disclosure and Barring Service {DBS) check. This is policy is regularly reviewed for all those who work with children or olh8r vulnerabl¢ groups, The Iruslees are satisfied that systems are in place. or arrangements are in hand, lo manage the risk$ that have been identifièd. The Iruslees have complied with the duly under the Charities Ael lo have due regard 10 9uld•nce publlshed by th8 Charity Commission including public benefil guidance. Golng Concein The Injslees have reviewed the charity's financial position and consider there lo no materlal uncertalnlSe$ aboul The Mason Foundation's ability lo continue as a going concern. Key factors supporting this assessment include.. the charity, Increased income in 2024 (£327,625 compared lo £300,364 in 2023}, a positive nel movement in lunds 1£25,4391 establishment of unreslricled reserves 1£44,000}, a healthy cash position [£184,223). and a strong pipeline of secured lunding for planned activities In 2025. In addlllon, Ihe successful dlversificallon ol inwme streams through the development of the Propel progfamme and expansion of geographical reach has slrenglhen8d the organisalion's financial resilienc8 and 8u$tsinabilily. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charlty numb•r 1150662 Prlnclpal addr955 7 Lansdowne Road TUN8RIDGE WELLS Kent TN12NG Tru$tO8S S P Mason Chair J Sumner K Downing M Ebdell S Mason Indepèndont ExamlngT Holly Jackson ACCA Wells Associates Ground Floor Oakhurst House 77 Mount Ephraim Tunbridge Wells Kent TN4 8BS Page 5
THE MASON FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Bankers N8lWesl Bank 3rd Floor Wellinglon Gale 719 Church Road Tunbridge Wells Kent TNI 1HT Coutts Bank 440 Sland London WC2R OQS Appioved by order of the board of Iruslees on 4th Aprll 2025 and slgned on ils behall by.. S F? Mason . Trustee Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MASON FOUNDATION Indèpendént examlnèr's report to the trustees of The Mason Foundatlon I report lo the charity trustees on my examination of the accounts of The Mason Foundation (the Trust) for the year ended 31 Decembei 2024. Responsibilitles and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in aceordan¢e with the requirements of the Charities Act 20111'lhe Acl'l. I report in fe$pecl of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examinalion I have followed all applicable Directions given by the Charity Commission under Section 14515llb) ol the Act. Indepèndent examlnèrfs statement Since your charity's gross income exceeded £250,000 your examiner musl be a member of a listed body. I can confirm that I am qualified lo undertake the examlnation because l am a member of tho Association of Chartered Certified Ac¢ountanls. which is one ol the listed bodies. I havo completed my examination. l ¢onfimi that no malorial matters have come lo my attention in connection with the èxamination giving me ¢ause lo believe Ihal In any material fespecl.. accounting records were not kept in resp8Ct of the Trust as required by Section 130 of the A¢l,' or the accounts do not accord with those records., or the accounts do not comply with the applicable qUITaentS concerning the form and conlenl of accounts set out in the Charities (Accounts an¢Y Report$l Regulations 2008 other Ihan any requirement that the accounts give a true and fair view which is not a maller considered as part of an independent examination. I have no ¢oncerns and have come across no other mallers in conne¢lion with the examination lo which attention should be drawn in thi$ report in older lo enable a proper understanding of th8 a¢¢ounls to be rea¢hed. Holly Jack50n ACCA Wells Associales Ground Flooi Oakhursl House 77 Mount Ephraim Tunbridge Wells Kent TN4 88S Dale.. ..s.o.[.Gfj.l....... Page 7
THE MASON FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Total funds 2023 Total funds Unreslricled fund Reslficled fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 327,626 327,626 300,364 EXPENDITURE ON Charitable activitiOS The Community Miles Overheads 58.480 243,707 58,480 243,707 73,740 218,964 Total 302,187 302.187 292,704 NET INCOME Transfers betwg•n funds 25,439 144,000) 25,439 7,660 44,000 Not movfrmont in funds 44,000 118,561) 25,439 7.660 RECONCILIATION OF FUNDS Total funds brought forward 72.437 72.437 64,777 TOTAL FUNDS CARRIED FORWARD 44.000 53,876 97,876 72,437 The notes fomi part of these financial statements Page 8
THE MASON FOUNDATION STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2024 2024 Total funds 2023 Total funds Unrestricted fund Restricted fund Notes FIXED ASSETS Tangible assels 474 474 1.010 CURRENT ASSETS Debtors Cash al bank 54,226 140,223 54,226 184.223 10,698 120,038 44,000 44.000 194.449 238,449 130,736 CREDITORS Amounls falling due within one year 1141.0471 1141,0471 (59.3091 NET CURRENT ASSETS 44,000 53,402 97.402 71,427 TOTAL ASSETS LESS CURRENT LIABILITIES 44,000 53,876 97,876 72,437 NET ASSETS 44,000 53,876 97,876 72,437 FUNDS Unrestricted funds Reslri¢led funds 44,000 53.876 72,437 TOTAL FUNDS 97,876 72,437 The financial slalemenls were approved by the Board of Trustees and aulhorised for issue on 4th April 2025 and were si9n6d on ils b6haW by.. S P Mason - Truste& The notes form part of these financial s181ements Page 9
THE MASON FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Basls of preparing the financial ststèments The financial slalemenls of the charity, which is a public benefit enlily under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounling and Reporting by Charities.. Statement of Recommendèd Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republie of Ireland IFRS 102) (effectivè 1 January 2019}', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Charities Act 2011. The financial statements have been prepared under the historical cost ronvention. Prèparation of the aeeounts on a golng concern basis The Trustees consider that there are no malerial uncertainties about the Charity's ability lo continu• as a going concern. Incomo All income is recognised in the Stalernenl of Financial Activities once the charity has enlitlemenl lo Ihe funds, il is probabl6 that the income will be r•coived and the amount can b8 measured reliably. During the year ended 31 December 2024, the Mason Foundation recelved grants in advance for the avenls planned lo lake place in 2025 and onwards. therefore these funds were deferred in the accounts. The lolal amount deferrod for the year ended 31 December 2024 amount$ lo £132,251. Expendlture Liabllilies are recognised as expenditure as soon as there is a legal or conslruclive obligation committing the charily lo th81 expenditure, il is probable that a Iransler of economic benefits will be required in selllemenl and the amount ol the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings Ihal aggregate all cost related lo the category. Where costs cannot be directly attributed lo particular hèadings they have been allocated lo activities on a basis consislenl with the use of resources. Tanglblg flxed a886t$ Depreciation is prowded al the following annual rates ir¢ order lo write off 6ach asset ovei its eslimaled us&lul Ilfe. Computer equipment 33,33'A on cosl Taxatlon The charity is exempl from lax on its charitable a¢livilies. Fund *¢¢ountlng Unrèslricled funds can be used in ae¢ordance with the charitable objecliv¢s al the discretion of the trusleés. Reslri¢led funds can only be used for particular reslriclod purposes within the objects of the charity. Re$lrictions arlse when specified by the donor or when funds are raisèd for particular reslricled purposes. Further explanation of the nature and purpose of each fund is Included in the notes lo the financlal statements. P•nsion cos18 and othgr post-r•tlrern•nt benefits The charity operates a defined contribution pension scheme. Contributions payabb lo the charity's pension scheme are charged lo the Statement of Financial Activilios in the period lo which they relate. Cash at bank and In hand Cash al bank and in hand includes cash and short term highly liquid investments wilh a short maturity of three months or less from the dale of acquisition or opening of th8 deposit or similar account. Credltors and provlslons Creditors and provision5 are recognised when the charity has a present obligation resulting from a past event that 11 probably result in the transfer ol funds to a third party and Ihe amount due lo settle the obligation can be measuTed or eslimaled reliably. Creditors 8nd provisions are normally recognised al their settlement amount after allowing for any trade discounts due. Page 10 continued...
THE MASON FOUNDATION NOTES TO THE FINANCIAL STATEMENTS - Contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 TRUSTEES. REMUNERATION AND BENEFITS There were no IrLtslees' remuneration or other benefits for the year ended 31 DecerTbber 2024 nor for the year ended 31 December 2023. Truste•s' gxpenso$ There were no Iruslees, expenses paid for the year ended 31 Dgcember 2024 nor for the y8ar ¢nded 31 December 2023. STAFF COSTS 2024 2023 Wages and salaries Social security costs Other pension costs 207,710 12,841 4,386 183,086 11,219 3,809 224,937 198,114 The averago monthly number of employees during the year was as follows.. 2024 Support Staff 2023 No employees received emoluments in ex¢ess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrgslricled fund Reslricled fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 300,364 300.364 EXPENDITURE ON Charltable •¢tivltles The Community Miles Overheads 73,740 218,964 73.740 218,964 Totsl 292,704 292,704 NET INCOME 7.660 7.660 RECONCILIATION OF FUNDS Total funds brought forward 64.777 64,777 TOTAL FUNDS CARRIED FORWARD 72,437 72.437 Page 11 continued...
THE MASON FOUNDATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 GOVERNANCE COSTS Governance costs include payments of £2,88012023.' £2,742} for independent examination fees and payments of £1.15112023.. £1.528} for other services including the provision of accounting software. TANGIBLE FIXED ASSETS Computer equipment COST Al 1 January 2024 Additions 5,091 711 Al 31 December 2024 5,802 DEPRECIATION At 1 January 2024 Charge for year 4,081 1,247 Al 31 December 2024 5,328 NET BOOK VALUE Al 31 December 2024 474 At 31 December 2023 1,010 DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade deblors Accfued income Prepayments 22,845 29.656 1.725 8,881 1.817 54,226 10,698 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 So¢ial security and other taxes Other creditors Accruals and deferred Income 4.542 1.294 135,211 5,094 301 53.914 141,047 59,309 During the year ended 310eeember 2024, the Mason Foundation received grants in advance for the events planned to tske place in 2025 and onwards, therefore these funds were deferred in the accounts. The lolal amount deferrèd for the year ended 31 December 2024 amounts 10 £132,251. Other creditors r8lale lo amounts owed in respect cf the defined contribution pension scheme. Page 12 continued...
THE MASON FOUNDATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 310ECEMBER 2024 MOVEMENT IN FUNDS Nel movement in funds Transfers between funds Al 31.12.24 Al 1.1.24 Unr•stricted funds General fund 44,000 44.000 Restricted funds Re51ricled funds 72.437 25.439 {44.000) 53,876 TOTAL FUNDS 72,437 25,439 97,876 Nel movement in funds, included in the above are as follows.. Incoming resources R8sources expended Movement in funds Re$trl¢ted funds R¢$lricled funds 327,826 1302.187) 25.439 TOTAL FUNDS 327,626 {302,1871 25,439 Comparatlv•s for mov•m•nt In funds Nel movement in funds Al 31.12.23 Al 1.1.23 R•$tricted funds Reslricled funds 64.777 7.660 72.437 TOTAL FUNDS 64,777 7,660 72.437 Compaiative net movement in funds, included in the above are as follow5.. Incoming resources Resources expended Movement in funds Restrlcled fvnds Reslricled funds 300,364 (292,7041 7,660 TOTAL FUNDS 300,364 1292.7041 7,660 Page 13 continued...
THE MASON FOUNDATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 MOVEMENT IN FUNDS - ¢ontlnued A current year 12 months and prior year 12 months combined position is as follows.. Net movement in funds Transfers between funds Al 31.12.24 Al 1.1.23 Unr•strict•d funds General fund 44,000 44,000 Re$trlcl8d fund6 Restricted fund$ 64.777 33,099 {44,0001 53,876 TOTAL FUNDS 64,777 33.099 97,876 A current year 12 months and prior y&ar 12 months combSn8d nel movemont in funds, Included in Ihe above are as follows.. Incoming resour¢es Resources expended Movement in funds Restrlcted funds Reslrieled funds 627,990 1594,8911 33,099 TOTAL FUNDS 627,990 (594.8911 33,099 Transler8 bètwgen funds During the y&8r. Ihe trusle¢s made the decision lo transfer £44.000 from reslrleled funds lo uni¢slricled re$ervg5. This transfer was slialegieally implemented lo establish appiopr181e free reserves in line wllh the charily's resorves policy, which aims lo maintain 3-6 months of operating costs as unreslricled funds. This action slrenglhens the organisalion's financial suslainabilily, provides a buffer against unforeseen circumstances, and supports Ihe continued growth of The Mason Foundation's activities as outlined in our 'Empowering Futures, strategy. The Iransferred funds were not required lor restricted purposes as those programme objectives had b6&n mel, allowing for this reallocation lo support the chaTily's overall financial resilience. RELATED PARTY DISCLOSURES 10. Miss Sophie Mason a ITuslee of the Mason Foundation is the daughter of Mr. Stephen Ma$on, the Chairp&rson of the Mason Foundalion. Sophie Mason was pald throughout the year lor her Services as 'Virtual Assistanl, and 'Marketing & Communications Support,. a working arrangement that was signed off and approved by the board of Iruslees, amounting lo £20,48612023.' £18,315). The charity invoiced Mason Consulting Limited, a company owned and controlled by Mr Stephen Mason, £15.910 12023.. £11.9051 in relation lo workshops and Irainillg provided. No amounts were due Irom Mason Consulting Llmi19d al the year ond. Page 14
THE MASON FOUNDATION DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 INCOME AND ENDOWMENTS Donations and lègacies Donations Training income 300,856 26.770 288,459 11.905 327,626 Total In¢oming rgsourc•s 300.364 327,626 300.364 EXPENDITURE Charltable a¢tivltle$ Advertising Charitable avent co$ls 5,750 52,730 4,196 69.544 58,480 Support costs Managemènt Wages Social security Pensions Insurance Telephone Postage and stationery Sundries Subscrtpllons Computer costs Enlortainmenl Computer equipment Staff travel 73,740 207,710 12,841 4,386 1,983 1,128 525 350 677 1,331 223 1,247 7,192 183,086 11.219 3,809 1,686 2.098 631 1,791 4.041 966 1.101 4,115 239.593 Fln•nc• Bank charges 214.543 83 Govornance costs Accounlan¢y and legal fees Total r8sources expended Nel Income 70 4.031 4.351 302,187 292.704 25.439 7,660 This page does not fomi part of the stalulory financial statements Page 15