COMPANY REGISTRATION NUMBER: 08798779 CHARITY REGISTRATION NUMBER: 1157101 THE MSG FOUNDATION LIMITED Company Llmltod by Guarantee UNAUDrrED FINANCIAL STATEMENTS 31 DECEMBER 2024
THE MSG FOUNDATION LIMITED COMPANY LIMrrED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 Pago Tru$l80s' annud report lincoiporallrKJ th• direclorfs report) IndeperOnI examlnor's r•port lo the Irusle Statement ol flnanclal activities lindudlng Irtome and •xrxndilure account) Statemanl ol flnanclal wsitlon Notes to the linanclal statem8nl$
THE MSG FOUNDATION LIMITED COMPANY LIMrfED BY GUARANTEE TRUSTEES. ANNUAL REPORT {INCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 31 DECEMBER 2024 The trustees, who are also the dirgctors lor the purpos6s of ¢ompany law, present Ihalr report ard tho unaudited linartld statements ot Ihg charSty for the year end&d 31 Dgcember 2024. The Iruslees havè adoplgd the provisions ol the Slal8mèni of Rgcommended Pracllce ISORPI "Accounting and R8POrts'ng by Charities. IFRS 1021 in preparing the annual raport and financial stat8m8nls ol the chaiity. The charity conslllule$ a public benefit entity as deflned by FRS 102. The financial stslemont5 have been prepared Sn accordance wllh tho accounting pJlicl8s sel out in nolgs to Ihg accounts and comply wilh Ihg charity's governing document. th? Charities Act 2011 and Ac¢ouniing and R8POrtlng by Charifjos.. Siatgmenl of Recommended Pracllce appli¢ablg to charities preparlng thèir accounts in accordance wllh tho Financial Reporting Standard appll¢at49 in the UK and Republic ol Ir$land IFRS 1021 pU1shed on 16 July 2014 las amended by Update 8ull•iin I published on 2 February 20161. R•teronca and •dmlnlJtrallv• d•lall• R•glJt•r•d charlty n•m• The MSG Foundatlon Llmliod Charlty v•gl•lr•llon numb•r 1157101 Comp•ny r•gl•tr•tlon numb•r 08798779 Prfnclpal offl¢o •nd r•gl•lw•d offlce 12 North Bar Banbury England OX16 OT8 tru•to0• S Gr•wal R D Goary Ind•p•nd•nt examlner WJ E Kerr FCCA Structure, gov•m•nc• and man•gem•nt The organlsallon Is a charflablg ¢ompany Ilmlled by guarante8, In¢orporal•d on 2 December 2013. Company r•gislralion number 08798779 and rogis19red as a charlly on 19 May 2014 with charity number 1157101. The company was eslabllshed under a Memorandum ol Assoclatlon. whlch eslabllshed th& objects and powers ol the charflablo company and is oovemed under Its Artid9s ol Assoclallon. Undor thos• Articles, the Irusle88 may be appolnl8d ai any lime by ordinary rosolulion,
THE MSG FOUNDATION LIMITED COMPANY LIMrrED BY GUARANTEE TRUSTEES. ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) {conllnu•dJ YEAR ENDED 31 DECEMBER 2024 Oblectlv•s and actlvltles The MSG Foundatlon Llmll•d is a Regislergd Charity number 11 $7107. Our main activlties and we try to help arg described below. All OLtr ¢harliat40 activities are undertaken to further our charitable purpos¢$ tor th• public benefit. The objectives ol The MSG Foundailon Limited are as follows.. al to relieve povety and hardshlp In tho UK and overseas Includlng poverty and hardship whlch ha8 be8n caused by reason ol youth, age, 111 alth. injury, disability, unemployment. famlne anthor natural disaster and lo do so through the provlslon ot finan¢ial and material assistance and through th• provision of guldance and advlce., bl lo prevent povety and hardship in the UK and overseas through th• provision ol guldance and athtcè, Ilnan¢ial and other malerlal assisianco and advlce lo those who aro ty roason ol youth, age, ill health, Injury. dISalIty, unemployment andlor naiuTal disaster are unable or slruggllng lo ad•quaiely support themselves and Ihelr famlly members; cl lo advan¢0 the •ducalion ol children, young p&oplo and adults through the provlslon of Ilnanclal Support, leamlng rosour¢oS. leachir4J stsff, equlpm&nt and la¢ilili¢s to 8ducallonal establlshments and throuoh tho provlslon ol a(fvlc• and guidance., dl to Support olh•r Chariiable bodles who are regl$lered wlih tho Commlsslon and who are engaged In any of lh• actfvttles Ils1 In lal to Icl above oi any othar charftablo purpose. Achl•vom•nl• •nd p•rtormanc• Durlng th• y•ar there werg natIOnS rec8lved of £43,679 and grants pald out tolalllng £54,0. Fln•ncl•l rovI•w Tho Incomlng resources lor the yoar amount•d lo £44,117 th total re$ervgs carr11 forward of £11,222. RM¢The• poll¢y It Is the policy ol the charlty lo mainialn unrestricted funds, whlch ar& th¢ Ir¢0 resgNes ol the charlly. Th1$ provides sufficlent funds to rè$pond 10 emergency appllcations lor grants. whi¢h artso from Ilme lo tlmg and other grani applications arislng from the normal runnlng ol the chartty. Each grant applicatlon Is ¢onsidergd on Ils merlts and 1$ w•l¢om•O from all area8. Small company provl•l¢)ns Thls report has been pr8par8d In a¢¢ordance wllh the PrO810n8 appll¢ablo to ¢ompani9s enllued lo the small companle$ ex¢mpiion.
THE MSG FOUNDATION LIMITED COMPANY UMITED BY QUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORTI ¢¢ortlnu YEAR ENDED 31 DECEMBER 2024 22/10 /zs The truste. amual report was approv•d *)n.,......................,,.,,. 8lgnod on behall ot lh8 board ol tru61ees by: RDGeary
THE MSG FOUNDATION LIMITED COMPANY LIMITED BY GUARANTEE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MSG FOUNDATION LIMITED YEAR ENDED 31 DECEMBER 2024 I roport to the trusl8es on my examination ol the Ilnan¢ial statements of The MSG Foundation Limlted I'lho charity'l lor the year ended 31 December 2024. Rosponslbllllles and ba$ls of roport As Ihg trustees of th8 company larKI also Its dlrectors lor the purws8s ol company lawl you are resnsIble lor the preparatlon of lh$ flnancial slalements in a¢¢ordance with the requlr6m¢nis ol the Companies A¢1 2006 llhe 2006 Acl'l. Having satlslled my$o11 thal the accounts of th• ¢ompany are not r8qulred lo b• audiled under Part 16 ot th• 2006 Act and ar¢ gligible for independent oxaminalion, I report In r¢$pecl ol rny examlnalon ol your company's accounts as carried out under section 145 01 the Charities Act 2011 I'lhe 2011 Act"). In carrylng oul my gxaminalion I havo lollowod the DlrectlDns gIn by thg Charity Cornml$$lon undtrr section 14515llbl ol the 2011 Independant •x•mln•rf• slalement I have Complet my •xamSnalion. I confirm that no malerlal matters hav• ¢omg lo my attenllon In ¢onn¢clon wlth th8 examlnatlon which giv8s m8 cau$& lo believe that in any mal&rlal rospecl= accountlng rocord5 were not kept In r•specl ol the company as r8qulr6d by secdon 386 01 tho 2008 Act., or Ihe a¢¢ounts &) not accord wllh those records., or the accounts do noi ¢omply wSlh the accounllng rgquiremgnls ol secllon 396 01 th9 2006 Act olh&r than any requlrem•ni that the accounts glv& a 'lrue and lair vlew whSch Is not a matter consldered as part ot an Independgnl examSnalion,' or thè a¢¢ounls have not been pr@Par in accordance wlth the methods and prlnclplas ol th& Sialomenl ol Recommtrnded Practlce appllcablo lo charities preparlng Ihelr aceounls In accordance wlth tho Finan¢lal R•portlng Standard appll¢at40 in the UK and Republ1¢ ol Irdand IFRS 1021. I have no Concerns and have com& a¢ros5 no other matters In ¢onngcfjon wllh the examlnatlon lo whlch attenlton 8houl b8 drawn In this reFQrt In ord•1 to •nable a proper under$tanding ol Ihe accounts lo te r•a¢h•d. WJE err FCCA Independent Examlner EK & Co 2003 Ltd 2 Crossways Buslna$$ C•nlr• Bi¢951er Road Kingswood Aylesbury HP18 ORA
THE MSG FOUNDATION LIMITED COMPANY LIMrrED B Y GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 DECEMBER 2024 2024 Unrestricted funds Total fvnds 2023 Total lund• In¢om• and endowments Donations and legacles Investment InM8 43,679 438 43,679 438 28,696 20 Tolal In¢orn• 44,117 44,117 28,716 Expondlturo Exp8nd[lu on charitsbl8 actfviilès Totol expgndllur• 154.0001 154,0001 154,0001 154,0001 110,0001 110.01]01 Not (exndItur¢InnCom8 and net rnovomont In fund• 19,8831 19,8831 18,716 R•conclll•tlon ol lund• Total lunds brought lomard Tol41 fvnd• carrlod fotw•rd 21,105 21,105 2,389 11,222 11,222 21,105 The statement ol Ilnanclal actlvltles Includes all galns and losses recognlsèd in the yoar. All Income and expondlture derive from continuing actlvltlos. Th• notes on pDg•$ 710 10 fomi p•rt of tho1• flnanclal stot•meb)ts.
THE MSG FOUNDATION LIMITED COMPANY UMITED BY GUAIIANTEE STATEMEKf OF FINANCIAL posmoN 31 DECEMBER 2024 2024 2023 Cumni ••••ts Cash al bank aThJ In har1 N• 11.222 21.105 N•t •Juvwil •M•t• 11,222 21,105 Tow 4•1•th eurr•nl Il•bllltl 11,222 21.105 Fund• of th• ehrtiy Unrgstrt¢lJ fund• 11,222 11,222 21,105 Tolal ch•rlty fund• 12 21,105 For th• yo8r •nthng 31 D•cwnb•r 2024 the charKy YMS onllll•d lo •x•mptlon Irom audll undai sn 477 01 Ihg Companle8 Acl 2006 relalkng Io small comptho8. Dlr•ctor8' r••pon8AIIII•8,' Th• rn•fflbwi havo not r•qUIr Ihg company to obtsln an audll of Its finqn¢lAI atomonts lor thtr y•ar In guOn In ac¢ordance wlth so¢tlon 476: Thg dlrnclor8 acknowledg• th•lr ro8ponglbllltl lor comptylw wllh th• i•quirwnonl8 ol tho Act SAth r•wo lo accounllnll rncorfs tho pr•parallon ol I[nand $tat•monts. Th080 linaficlal slalgmenls hav• bTr w•paf•d In acco1n¢6 wlth the wovl8lons applicauo lo compan1•8 Subject lo th• 6mall companles, reOlm*. Th& Ilnandal slal•m•nts wora approved by tho board of truslg98 and Wlhorlsod loi Issue on ...........,.,..,......., and are sbpn•d on behall ol th• boar(I by.. 2z/(0125 RDG•ary Trust•• Company r•glstratlgn numbor.. 08798779 Th• nolm on p•9•• 710 10 fomi p•rt olllwm ffnthcl•l sl•l•m•n
THE MSG FOUNDATION LIMITED COMPANY LIMrrED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 G•noral Intorrn•tlon Thg charlty is a public beneflt entity and a private company Ilmlled by guaranloe. registered In England and Walgs and a registered charfty in England and Wales. The addrèss ol th¢ r9gislgred office is 12 North Bar, Banbury. England, OX16 OTB. ststomont of compllance Thg charity conslilul8s a wbl6¢ bgnelil 8nlily as dellned by FRS 102. Thg financial slalements have been prèpared in accordanc8 wllh Accounfjng and Reporting by Charlties.. Slatem¢nt ol Rgcommended Piaclic8 appli¢able to charifjes preparlng Ih$lr accounts in accordance wllh th¢ Financial Reporting SlaThJard applicable in the UK and R&publi¢ of Ireland IFFIS 1021 issued on 16 July 2014 la5 updated through Updat8 8ullobn 1 published on 2 F8bruary 20161, the Financlal R8portlng Standard applicable in the UK and Republic ol IrelaThJ IFRS 1021, lh• Chariligs Act 2011 and the Companlos Act 2006. Th& charlty has applied Updalo Bullailn 1 as publlshed on 2 February 2016 and (fvjes not Include a cash flow statement on th8 grounds Ihat il is aFplylng FRS 102 S8clSon 1A. Accounllng polkl 84•11 ol pr•par•tlon The flnanclal statements hav• boon prepared on the hl$lorf¢al Cost basis. The Ilnanclal ststemonls aro prepared in slerflng, %thSch Is th$ lun¢iional eurrency of the entlly. The slgnllcanl aecounfjng pollcles applled In tha pr8parallon of these flnanclal slalemenls arg sot out bglow. These pollci&s hav8 been conslslenlly applled lo all y8ar$ presgnled unless othetwlse staled. Golng conc•m There are no mal•rlal uncertalnlles atx+ul the Charlty's abllity to confjnua. Fund •ccountln9 Unrestrlcted funds are avallable for use al th• dls¢roilon ol the tNstees lo lurthor any of Ihg charltys PUfPO$eS. DesSgnal8d funds are unr•slricled funds eamiarked by tho Irusiaes lor partlcular lulure prolKI or commllm¢nt. Reslrlcted fund$ ar? subjected to ieslrlctlons on their •xpenthlure declared by the donor or through the terms ol an app•d, and fall Into one ol two sub-¢la$$es= reslricled Income funds or 6ndowm•nl lurKIs. Incomlng rogour¢ l incomlng resourcès are in¢ludtrd in the slalemenl ol Ilnancll a¢tlwtios when enlldement has pass to the charity, il is probable that the economic benefits assoclalèd with tho transaction will flow to the char¢ty and the amount can be r8llably m6asurod. The following specillc pollciès ar¢ applied lo particular calegorles ol in¢ome'. voluntary income is received by way of donations and gifts and are recognl$ed In full when they are rgcgived. investment in¢om• is rocognised when reCeable.
THE MSG FOUNDATION LIMITED COMPANY LIMrrED B Y GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (contlnu6d) YEAR ENDED 31 DECEMBER 2024 A¢¢ouniing polkles (coftthwédj Agsourcvd •xpended Exp•ndilure is recth3nlsed on an accruals basS8 a Ilabilily is in(#Jrred. Exp8ndliure irldeS any VAT which cannot be lully recovered. and is classllied under headings ol the slal8menl ol financial acllvilies to which il reiatss.. expendilura on charitable actiwll8s Includ•s all costs incurred by a ¢harlty in undertaklng acJvliifts that further ils charllable aSms lor the benefit ol Ils bon*ficlaries, Includlng those support costs and costs relating to thg governance ol th¢ ¢harity apportloned lo ¢haritable aclivilies. oihor expendllure Includ•s all exp8ndilure that 1$ noilher relalad to ralslng funds lor the charity nor part 0111$ oXPgfKliture on charllable a¢llvliie5. All costs are allocalod to expendltura catsgorlos rellgctlng the use ol th• ros¢Jurce. Direct costs attflbulable lo a single acllvlty ar¢ allocated dlrectly lo thai activity. Shared costs aro apportioned be08n tho aclivi119S they contr1ts ts on a reasonable, lusllliable and consislenl basls. Flnancl•l In•trum•nts A Nnandal a$$•l or a linanclal Ilabllity Is r•¢ognSsed only when th• •ntlly becomes a paty to th• conlractual provlsions of Ihe Instrumgnl. 8aslc Ilnan¢lal assets, whlch In¢lud• bank balances, are Inlllally rocognlsed al Iransactlon prlcg, unless tho arrangemonl conslllules a financing Iransaclion, whero the Iransacllon Is measured ai the present valu& of the lutura rocalpts dlscount8d at a markol ra19 of Inlarest. Such ass•ts are subsequently cairlod ai amortSsed cost uslrvJ the effectSve Interest method. Al the and ol each feportlro perlod flnanclal assets m•asurod al arnortlsed cost are assossed lor oblecllve evldan¢¢ of Impalm)enl. 11 an asso1 Is impalred the impairm•nt loss Ss the dSfferon¢¢ btriween the carylng amount and the pre$oni value ol estlmated ¢ash flows discounted at th• assefs origlnal 8ffe¢liv• Interest ralo. Th• Impalrmenl loss Is r8¢ognl$•d In prolll or los$. Llmlt•d by guarant•0 Members ol the charitable company ouaranlo• lo conlrfbule an amount not exceeding £1 to the assgls ol the charitable company in the event ol windlw up. The lolal number ol $u¢h guarantee as al 31 DKomhr 2024 was 2. Donatlon• and l•g4cle• Unreslrlcted Tot•1 Funds Funds 2024 Unr&slrl¢i8d Tolal Funds Funds 2023 Donatlon• Donatlons 43,679 43,679 28,696 28.696
THE MSG FOUNDATION LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (eonllnu•dJ YEAR ENDED 31 DECEMBER 2024 Invostmonl Income UnreslrScled Total Fundi Funds 2024 Unrestricted Tolal Fund$ Funds 2023 8ank Interest receiva8 438 438 20 20 Expgndllurn on ¢h•rltable actlvltlm by fund typ• Unreslrlcled Total Funds Funds 2024 Unrestricted Totsl Funds Funds 2023 Grants pald 54,000 54,000 10,000 10,000 Expendllure on eharltabl• a¢tlvltlM by acllvlty typ• Grant lunding Tol•l lunds ol acllvlll•$ 2024 Total fund 2023 Grants pald 54,000 54.000 10,000 An•ly•l$ ol grant• 2024 2023 Gr•nt# to Initltullon• Taenage Canc•r Trust Domlno's Partnèrs Foundallon UK & Ireland 34,000 20,000 10,000 54,000 10,000 Total grants 54,000 10,000 10. Slaff co•t• The averag8 head count of 8mployees durlng the yoar was Nil12023.' NII}. No employee reCe5V omploy¢• benellls of more than £60,000 durfng the ygar120rJ: Nlll. 11. Trus1•• rnmun•r•llon and •xpenJo• No r6munerallon or expanses hav• b•on pald lo the trusl86s durlrrfJ the current and pr8vlous year.
THE MSG FOUNDATION LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (contlnu•d) YEAR ENDED 31 DECEMBER 2024 12. Analysls ot charllablfr fund• Unrestrlcted fvnds At l January 202 At 31 Decernber 2024 Incomo Exp8ndlluro General ILtnds 21,105 44,117 154,0001 11,222 At l January 202 Al 31 December 2023 Income EXndItuTe G9neral funds 2,389 28,716 110,0001 21,105 13. Analy•l* ol net as••t$ b8twoon fund• Unrestricted Total Fund• Funds 2024 Current assets 11222 11,222 Unreslrlcled Total Fund• Funds 2023 Current as$els 21,105 21,105 14. Rolat•d p•rtl•• During the yèar the charlty r8¢ofved donallons 01 £18,733 12023.. £12,920) Irom compan1•$ conlroll8d by MS Grewal a Irusla8. Durfng the year lh• ¢harlty recelved donatlons of £15,81012023.' £11,0581 Irom comp8nle8 Controlled by HS Grewal. Durlng the year the charlty rgcelvod danallons of £8,684120YJ.' £4,717) from companlfjs controlled by SS Grewal. MS Grwal, SS Gr8wal and HS Growal are biolhers. 10