COMPANY REGISTRATION NUMBER: 08798779 CHARITY REGISTRATION NUMBER.. 1157101 THE M3G FOUNDATION UlltrED Comyny Limiied by Gu•rantee UNAUDITED FINANCIAL STATEIIIENTS 31 OECEIABER 2023 111 *AODV302Q' A18 cOANIEs PICXJSE
THE MSG FOUNOATIOII L•IITED COMPANY UIIITEO BY GUARA14TEE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 Trust•es' annual report (moJrkxJr8ting Ihe directcrt rep Indepndent ex#miW$ reptyl tothe Irusiees StatenI d firwityal aCt¥rt lincludirg arml eyndituTr xcounll State*t of finantyal p)5rtion )t¢s to the finan0¥
TrIE IASG FOUNDATIOPI LIMtrED COIIPANY uMifED 8Y GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORTI YEAR ENDEO 31 DECEIIBER 2023 The tru$lees. who are atso the director& (or Ihe purposes of ¢thnpany present tP•ir r¢p)rt •fid.th¢ un•udittyJ financial statements ofthe chty for the yearended 31 De¢•ntrr 2023. The tnAslee5 h8¥e 4dsJpted the provi5b)rts of Ihe ststerInt of RecMended PraclKe ISORPI "Accounb"r¥J and Reporbng by Ch•ri1¢5' IFRS 1021 in pwarn9 the •nnual rnport and financial 5talemen¢s ofthe chaty. The chanty conslilutes a public ben8fi1 eTrbty as defined by FRS 102. The finanual $lalement$ been prtparEd in a¢rordon¢e with the amnliroj set out in nole5 to accryjnts cornp the chartys governing document, the Cb8rits kt 2011 and kcwntiny and Reporting by cha$ SlalernEnl uf Recommen¢Jed Practice apPlblE to chantEs piepariNJ Ihr a¢o)unts in attordan wth Ihe Financial ReporknThJ Standard 3pplicab in ltre UK and Republic of Nand (FRS 1021 pubJksh8d on 16 Juty 2014 (as Amended by UF¢ale Bulklm 1 p11thd M 2 FeMory 20161. R•fvr•n¢• and admlnlsirtlfv• rt•i• R•glster•d charltri name The MSG FouTrJatty)n h•rfty r•glstr•llon nyrnb•r 1157101 COMP wistrntim numl>tr C¢798779 pn¢&PaI offlco and rnqfj8tsrnd olfi¢t 12 North 8ar eanbury Ewland OX160T8 RDGeary Independent examlmr WJ E KerrFCCA StnKtUrn. go¥ernanc• and manw•nt The or9ani%ation is a charila14E rmpany Irnited by warante•. Inco0ated on 2 Lknber 2013. Cryry registralron numtef 08798779 and regislered as 8 chanty on 19 2014 wlh tharrfy nbr 1157101. The company was e5tabli5hed under a Mernorandum of AsstttN?n. whKh eslablshed the ¢ty¢ts and ptyers ol the chanlable company and s governed Urt ts Artitles of Associaln. Undw those ArtKJè5, Iho tiLBt•es may b• 8ppJinled al any lim8 by 0Inary resoknt.
THE MSG FOUNDATION UMITEO COMPANY UMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT IY4CORPORATING THE OIRECTOR'S REPORT) fel•1 YEAR ENDED 31 DECEM8ER 2023 Objectives and xthTibe¥ The MSG Foundalh7n L4nited is a Ileylered Chalty numi%r 1157101. Our main aclNrtie5 try lo The4J are describBd belrw. AU our thartsi48 adp11$ are ur¥Jertaken to furtherour charitab pu fov publK bwefiL The obpc¢N05 01Th• MSG FoundatKffl Ln•J avv a5 folthK'. al to reliwe poverty and hdship in the UK and o¥er5eas Induding poverty and haldship th has been caused by reason of yoth. age. Il Ith, injury. th5abdty. 1wn1 an&oi natural disaster aryj lo do so through th of fin3nGBI anLI mot¢ii4 4S$iStarKe and thmugh Ihe prty ¢19u0nGe and •d¥icg". bl lo pre¥•nl poverty and hardsh in the UK 0WaS through th• prtydiS)n of guidance and advice. finanrial •nd Other meriaJ a$5i51ance arKI •dv¢ to thos¢ arE Of youth. 09È. ill 4h. injury. bil. unemployrnenl andlor natural disaster are unab or $tryj to •Yequety swport theMs0e5 and Ileir membprn". cl to athfarte education of chik1. ymg people and a¢JlL8 through the prOviOn of finwctyl suppcrt. miny resourtes, leaching 5tsff. equiffient and tp edurAitinl eslbhhments and through thè pmvNJn of adce and guvjarte., dl to suppc¥t oiher chtsbfe bodies Thfio are wtslored con1&8¥) engaged in any ofthe adwAio5 kl•d in lal lo Icl ab orany oUr dwilabkn purtw. Acht•vwn•nts and perfornian During Iheyearthere Jkn$ r¢¢ of É28.696 ar419ranls p8MI out lotalliThJ E10.(rfJO. Financlal The nel in¢oming resource5 lor Ihe year amtyJretl toE28,6 tdal ¢arried forward of £21.106. tt rd th8 policy of the charty to maintain unre5tsided funds. hKh rnseNes of the tharity. Th provitlo5 suffirEnt funds lo resFond lo emergency wpkatn5 for grants. arise frm time lo liff and other grant aFplubons arising from Ihe runniNJ ol Ihe chaity. Each yant arvlation 18 C[¥rEd ON its meri n¢J is lMmed fr¢m al areas. Sffl411 company pmwlslo This rewrt has been &pared in accordarK with th8 a&yScable to c&npans inlrfl•d lo tt% srn•l pan%s exem"0.
THE MSG FOUNDATION UMITED COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) leonLlnu•dJ YEAR ENDED 31 DECEMBER 21123 ThÈ Iru$i¢•s' repwt wa5 apwoved %.7.hlzpA**d bÉh8Nol thè t#)ard of truslees by.. ROGeary Tru5198
THE MSG FOUNDATIOP4 UMITED COMPANY UMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE IASG FOUNDATION UMrrED YEAR ENDED 31 DECEIIJBER 2023 I report to the Ifuslees on my exarywnalion of th smtements of The MSG FDJnttats"on irnited Cthe chan) for Ihe yearerth 31 Decernr 2023. Respon$lb[16tS and ba81s ol report As the chaty trustees of the rnPany (and dertorS for the puws of etynpany kn) you are rÈsponsh%e for the preparatbjn of the accounts m 8cthrf3nre Tmth the rEquifEmenls gf the Ad 2W6 (IM? 2W6 Acri. Having satis[d myseff Ihat 8ccsunts ofthe clpary •Yt not rt9u1 t¢+ be •udittsl derPrt 16 ofthe 2CA Act and are el01b lor Indepen¢Jenl exInatIon. I report In re5PEcI ol my exammabon Of your ¢¢Nnparry'5 •¢v)uni$ a$ rarried oul under sed40n 145 01 I charit kt 2011 2011 A£n. In wyin9 Out my examination I ha folVe the Directio gwn ty the Charity Ctynmtssion under se¢tiM 14951(bl of the 2011 Ind•pond•nt 8xamln•rfs stat•rnont I have eompleted my examinatK¥Th. I confTh Ihat M m•riol matt•r5 rryne Iv my attention in EonneGtion wrth the examinabjn whith wes m8 cause lo that in rnanal fesper£' •c¢ounbNJ re not kept In respecl ofthe wnparry •5 requir•l by serbon 386 olthe 26 Acl.. or Ihe accounts do not accNdwth those reccrfd5', or the accounts do not ccrfnpty With the accountirJ requirwnI5 olse¢tw 396 of the 2006 thvth•n aAy requirement that the xcounb gNe a and 18irWwhth 1$ hola m•tter ¢0tred as part ofaft independent exwntnatw.. lh¢ have nol been PrtPa irt attdanCE tl melhryjs arMJ of Iho Slaternent of Re(fjrnrnnd8d PTrCts applicabSB to (harrties preparirKJ 1Pra¢unts i accordance wih the Finnch Reportry Slandard appiKab In tl UK anLI Rep ol I18 IFRS 1021. I have no conrn$ con across no oow rnattern in connectson wih the &1"0n to whth attenl)n sho Id be dra in thi rewrt or¢¢rto enoblg o prwruThJerslaTrJry of the attounts 10 be reached. rr FCCA Independenl Examin8r EK & Co 23 Ltd 2 Cr055ways Bu51ne55 Certre Bicester Road Kingswood Ayle5bury Bur HP18 OPA %tJ oql zo >Cr
THE AISG FOUNDATION UMITEO COMPANY LIIAITEO BY GUARANTEE STATEMENT OF F114ANCIAL ACTMTIES (INCLUDING INCOME AND EXPENDITURE ACCOUND YEAR ENDED 31 DECEMBER 2023 2023 2022 LknrestrKled funds Total funds Tolal fvnds Income and endfmmieb Donation$ and legao•s In¥esirn¢nl in¢¢m¢ 28, 30,220 21 21 Total ¥nEome 28.717 28,717 30,220 EmndIt Expenditu On ¢h¥rrtaWe aEbw Total wMdityT• 110.IXXII 110.(XI)I 110.ts30) 110,IKJOI 135,0021 Net Inc1(0XPerbdI1e) and nqt mo¥efflent In funds 18717 18,717 14.7821 RKonclliatlon offvnd5 T81 funds brought forwa Total funds ¢aFri•d fovwArd 2.389 7.171 21.1 21.lf 2.389 The slalemenl olfinanLi81 actAtpes indudes gauls and Ioss¢s in the ye•r. All incryn• aTrJ •xpendrture ¢JerN• from continuiry aciwrt*s.
ThE MSG FOUNDATK)N LIAlttED COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2023 2023 2022 CuNent assets Cash al bank and in har 21.105 2.389 Net eurr•nt assets 21.105 2.389 Total •s$•¢s ¢urr•n¢ Il•bllltl 21,105 2.389 Fund8 01th• charlty Lknr8stricled funds 21.11 2.389 Totsl ¢h¥rlty fvnds 11 21.106 2.389 For the year ending 31 Dewnber 2023 the cwty was eTrtil kn eXeryK frrrfn aKIit under Sect 477 r4 the CompaniBS Act 2006 relatiry to srnall cunparwe& CethS. fesFKWtsitxlities: The members havè reqLHr¢d th¢ (xxnpany kn obtain k1il Lrf ffifftarl lentS b)r Ihe year question in accordctTArylh S8ClM)n 476.. The dired0 ackTryledge ¢heir respc¥)sit4iti"es for the requirerrerts of the Act With rew to acc4yJnliny rec¢)rd$ and thp of financial statements. These finartial stements Ik3ve bew. pr8p¥ed arWKab tc ¢omp8r¥8s subject to Ihe small ¢ompar¥es' re9imÈ. These ffnaTrD31 slalerrnt5 re apmed ty the bo8 ol tmslees and i$8ue .. .. .. arKI ar8 sKJned tr) behatfoflhe èoard by.. .Z•Z RDGtry Truslee Company registrati number. 08798779
THE IASG FOUNDATION UMITED COMPANY UMITED BY GUARANTEE P40TES TO THE FINANCIAL STATEIIIENTS YEAR EI4DED 31 DECEMBER 2023 Gwwal Infomwtion The charity is a pubfrc benefrt enffjf and a wNate CpanY guarant88. re9tered kn EngLqftd and Wales and a registered charty in Etylan¢J aTrJ Wal85. add55 rl Ihe offi¢e 15 12 North B8r. Banbury, Englafid. OX16 OTB. Sta¢•ffl•lt of cofflplfjanc• The chanty constilutes a put4 berfit entty as defined ty FRS lff2. The financial ststemenls hwe been Prtrpad In accordance with ArlIng and Reportiny ty Ch¥rits". StnI of Recommended Pr4dic¥ . applicable to Gharrt%5 preparir4 IhÈir accounts in atthnce the Financol Reporting standard applicable in the UK and RepublK of IreL9 IFRS 1021 tssueo on 16 ju 2014 185 updated thrnh UFlalo Bulletin 1 pubb"5hed on 2 February 20161. the FiDawai Rewtyrv4 Standard 4ppbtabkn In the UK and RgpuNic of Ireland IFRS 11)2). Chath$ AL# 2011 and t Cofflpans Act 20. The charty has appld Update Bulkn 1 puts1 on 2 February 2016 and does Mt inthdv • u¥h ow slalemeni on the groun that IL s awtying FRS 102 Sen 1A. Ac£ounting poliGr Buls of prnparatton Th• finanryal statements ha¥e been prepaTrd on hi5toiical c05t b•5ts. nanoal • Yep sterfity. is Ihe ndaleIenCY oltheen¢ity. SWJnrfartt ¥c¢OUn d in Ihe these finanoal statem•r4s •rn sot o t1. These pol185 have been consthnty appld to all years preserthl ueSS Oth8n¥e slated. Golng coneem TheR are no maleiiil urkxrtaints5 aboLrtthe chWs th'ktyto continL. Fund atcountkng Unrestred lunds are 8¥alab foi at the Osuebon of trustees to further any of the chartys purp05¢5. Oesv4nated fund5 arE unrestj hJnd5 earni•rked iry the Irustees for parb¢ar luture yopct or tommitmenl. Re$tittéd fund5 arE SVt4'ected lo restTKtson$ M Uir eypendrfure dedared by the dthor or through the terns of an app2al. and 1 ihta one S$$e$." mincted inccthe furth endThet fvnd5. theoffllng incwing resouris are indu¢led in the slaternent ol finan adi¥itie5 when 8nlitleffnt has passed lo ltte charity. Il is probable thai the e¢ffirrtni¢ tr¢rfits #S>Ot¥atÈd with the IAn$aciion wll flow lo the charty and the afflounl can be relk?bty Me8nd. The louthwng K)15 are apr4ked lo partr categories vdyntsry mcome recei1 by way ol dDnati0Th5 and gh75 and aTE rewJni5ed in full when t f4ed. irNe¥trnent inc0 15 recwis•d wh8n reLwdabl•.
THE MSG FOUNDATION UIAITED COIIPANY uiirrED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 Aecountlng policles R•sources èApÈndÈd Expendilvre is recoynLsed on an accrJaL8 b15 as a IHlylty 1$ inomd. EXpEry]re iTKJdes Any VAT Wh Cann k fvlty reco. 8ThJ is headiNJS ol Ihe stat¢t of finarwl 8¢t1e$ to whh il reL8tes. expendire on ch81itatile xlfrths incktdes al ojsts by 8 charty in undartaking activttses that lurther its charitable aims for the benefft or its beThefLiar. Indud9 Ihose suppjrt costs and costs reL3tin9 to Ihe go¥erTran oflhe chanty to thart•b athrtie5. othEr èxpenditure ii¢knJe5 all exwNliture Ihal neittrt ld lo funtts far the ¢h•nty nor part Ol its ¢¥penditurn on chaiitable actMtE5. costs a allculed to expondrturn calegors rell8th.ry Loe of restyjrco. Oyect Costs attributable . lo a Single xlivty •re altscated direth to Ihat athty. Sh4rEd casts a ap11) thv Ih¢y contrMe to on a re85thb. Itifiable and Con$ten1 bass. Fin•nEial in¥trumenb A financial a55et or a finanraal lblty 15 rnryjgnwd when ¢harty becLvnes a paty the ntractvd pro¥awns olthe instiyftnL B•$K finan081 assels. whth in¢kJde ir4d¢ other ¥abS afftl cash bank balan¢e$, 8¢t Initial rac(¥nixd al IransKtbx unless the arrargernenl con51itutes. a financing trnr6aclbJn. where Ihe Iran$•¢tiM is m¢surèJ aithe pren1 of Ih•fulurt RQiPts d¢t•unted at a rnwkei rat of inter¢$t. Such asset5 are subsequenty caThied at arryxt1s c051 u5iry the effedwe terest melhod. At the end ol each reyAb"r¥ pencJ rMan(3 85sets meaSUj at arrvb5ed cost are ass855ed for objectwe evidence of impairrnenl. If an a55el i5 impaKed Ihe Mnpairnenl k)55 15 tre drfferen betsn the carryiThg amount and the present ue ol esiurad discounted at the assefs offjirtal effectNe Inte3t rate. Th• pairnI1055 is recogiy5ed in profil or $$
THE IASG FOUNDAnoN UPAITED COIIPANY uiJrrED BY GUAIIANfEE NOTES TO THE FINANCIAL STATEMENTS IGO YEAR ENDED 31 DECEIABER 2023 Accounting poIKies 8asic financHI liabrfitEs, whrh incbje trade afmj othtr ptya14es. are re¢ogNtstrJ at Iransa¢bon prKe. UN$ the arrang1 nStrtleS a finantir4J trafisacthon. where the debt Instrument is measured at the present value ol the future recew dv&o)unled al a market rate ol interesl. Debt instruments are sub5eqLEnlty tarrd ai amortl ¢os( Us9 the effe¢ty¥t intwest rale mtw. Trade payabl85 are obwlions to pay Itv goods or ser¥ices Ihal ba¥e been acqui3 in the ordir¥ary cwTre olbu51re55 frDm supIe. kcourt5 pay0E a cFassrfiÈd as ojrfent liabilths rf payment s due wlhin one year of less. 11 noi, ltsn they are presented as fiofvcJJrTenl I%qb1tIes. Trade payab$ are rec(3nised lnrtialty at tsansactmin prts and 5ubsequenty measured al amortised cost U51rvJ the •ffectN• interest melhDd. Fin¢101 h'¢Wi¢s •r¢ dere¢ogn¢ed is eAtif#JiwsW. Ihat i& ft the contr8LJal otAigalion ij discharyed. tnlIeth orexpffes. LIt0 by guarnnty• Membe15 of Ihe dwritabkn panY 9uarane to an anI ex¢¢eding £1 to the assets Of th• charit¥b MmpaTry in th• thni 0fr#I9 up. The ALMnter of guaranleè as at 31 December 2023 was 2. Donations and legaties Unre5trthJ Tplal Fynts VnwiriLd T¢¢•1 Funds Fund5 2023 Funds 20Z2 Oonations Donation$ 28. 30,220 30,220 Investment Inci¥n• Unreslitted Total Funds Unrestricaed Totsl Funds Funds 2023 Fund5 2022 In8 Imm cxh investments 21 21 Expefid6tur• on Chatable athiti85 by fvnd typ Un$1*1 Totsl Funds Unreslriraed T•tal Ftsnds Fund5 2023 FuThJs 2022 Gwts poid Support cosls 10.(XKJ 10.(K 35,0Tr) 10.LXKJ 10,( 35,tsJ2 35.D02
THE MSG FOUNOATION LIMITED COMPANY LIMThED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (¢yn¥J YEIR ENOEO 31 DECEMBER 2023 Expendlturn ¢h•ii#bA¢ by a¢tb¥lty ty Granl fvndry Tcknl fvnd of actryit 2023 Total lund 2022 Grants paNJ GrNernance 10.( 10.r 35.ts)O 10,iK 10.(O) 35.002 Anatysl¥ olgmts 2023 2022 Grdnts to In$tltuUons Teenage Cancer Tw5t Women5 India associ1 Duke ol Edinburgh iwa Sl Dulhus School 10,C 20.000 10.000 5.000 10.( 35.1)00 Total grants 35.000 10. p•munernlion and •xp•n••s No remweiatian v expenses have ¥j Itslhè Irustees dwirwj the ¢Yent •nd premu8 year. 11. Anatysls of chaTIIth fund5 Unrnstvlctsd fvnds At 31 DKomb8r 1 JaNary 2023 Inc¢>me Eyr•Mure 2023 Ggnefol fvnd$ 28,717 110.C)01 21.106 At 31 December At 1 January 2022 Eynditure 2022 Ggneral fund$ 7.171 30.220 135.Ci121 2.389 12. AlYSIS ol n•ta5s•ts 11olwwn lunts UruÈsiridad Trtal Fund* Fund5 2023 Current 4$9ets 21.1 21,106 UnwtrKled Totsl Fund8 Funds 2022 CurMI assels 2.38 2,389 10
THE IIISG FQUhlDATION UIAITED COMPAMY UIAITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENOEO 31 DECEMBER 2023 13. Related partr•s Duriny the year the chwty dOna1K> of £12.920 Q022.. £niD controled ty kls Gal a tNsItt. During yearthe charty donat$ of£11.058 P022". £30.OMI frun cory¥lan controfAd by HS Dunng th¢ year the ch• ¢0118d (h]natiMs of £4.717 12022.. £rll frun panI85 Mntroled ty SS Gmval. MS Grthval. SS Grew and HS Gr1 are brolhw5. 11