Registered charity number: 1163123 **THE MAC BEVAN CHARITABLE TRUST TRUSTEES’ REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2024** 1 ## **THE MAC BEVAN CHARITABLE TRUST** ## **REFERENCE AND ADMINISTRATIVE INFORMATION** |Charity Name:|The Mac Bevan Charitable Trust| |---|---| ||(Working name MBCT)| |Charity number:|1163123| |Principal ofice:|111 Constantine Way| ||Bilston| ||WV14 8GU| |Trustees:|Shareen Ellahi – Chair| ||Fazal Rehman – Treasurer| ||Wasim Rehman| ||Silvie Wallington| ||Idnan Yunas| |Independent examiner:|ADK Chartered Accountants| ||Scottsdale House| ||10-31 Springfeld Avenue| ||Harrogate| ||HG1 2HR| |Bank:|Barclays| ||1 Churchill Place| ||London| ||E14 5HP| 2 ## **TRUSTEES’ ANNUAL REPORT** For the year ended 31[st] December 2024 ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing Document** The Mac Bevan Charitable Trust is a registered charity (registration date 13[th] August 2015) (Reg. Charity No. 1163123) governed by its Trust Deed dated 24th March 2015. The charity also uses the working name MBCT. ## **Trustee Appointment and Management** The charity is managed by a Board of Trustees who are appointed in accordance with the provisions of its Trust Deed which allows for new Trustees to be appointed by the existing Trustees. There were no December 2024 MBCT Trustee appointments or resignations during the financial period and as at 31[st] had five Trustees. Wasim Rehman served as a Trustee through the year and resigned in October 2025. Silvie Tonellotto reverted to her maiden name of Silvie Wallington in June 2025. The Board of Trustees directs the policy and strategy of MBCT and is led by the Chair of Trustees. The Trustees meet four times a year and are responsible for decisions taken by the charity and its grant making. The day-to-day activities of the charity are delegated to a part time Grants Officer who is employed on a freelance basis for 7.5 hours per week. The work of the Grants Officer is overseen by the Chair of Trustees. ## **Organisational Structure** The charity was established as a Trust, and it has no subsidiaries. ## **OBJECTIVES AND ACTIVITIES** ## **Charitable Objectives** The Mac Bevan Charitable Trust’s objects as set out in an Amendment to its Trust Deed (dated 27[th] July 2015) are: ‘The prevention or relief of poverty or financial hardship in association with other charitable organisations anywhere in the world by providing or assisting in the provision of education, training, healthcare projects, and all necessary support designed to enable individuals to generate a sustainable income and be self-sufficient. The relief of financial need and suffering among victims of natural or other kinds of disaster in the form of financial assistance to charities and organisations who provide help for persons, bodies, organisations, and/or countries affected.’ 3 MBCT gives grants to other charitable organisations whose projects meet its objects in one or more of the following areas of work, Education, Poverty Relief, Welfare or Healthcare. As a small charitable trust with limited resources, the Trustees do not encourage unsolicited approaches. The Trust does not have the capacity to process a large volume of funding applications nor the funds to support more than a small number of those charities who might want to apply. As such the Trustees do not encourage charities to expend their resources in making funding applications when there is a small chance of success. The Trustees identify prospective applicants through their networks and through research by the Grants Officer and invite charities to submit applications as appropriate. Due diligence is completed by the Grants Officer with oversight from the Trustees. ## **Public Benefit** The Trustees confirm they have complied with their duty under the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit. ## **ACHIEVEMENTS AND PERFORMANCE** The Trustees are pleased to report that during the year; the Mac Bevan Charitable Trust made grants to eight charities. The Trustees aim to develop engaged and supportive relationships with the charities that the Trust funds, each charity is appointed a Trustee Champion who leads on the relationship from MBCT’s perspective. Each Trustee Champion aims to meet at least annually with the charities they are responsible for (either in person or remotely) giving charities the opportunity to update MBCT and share beneficiary case studies. Annual reports and applications are then taken to one of four Trustee meetings each year for discussion by the Trustees. The Trustees value and encourage transparency in their charity partners and seek an equitable relationship. They are just as interested in hearing when funded projects do not go to plan and the lessons learned from this as they are about when things have gone well. Charities supported by MBCT during the funding period were: - A Little Gesture, A Great Help (Reg. Charity No.1141990) - Ace Africa UK (Reg. Charity No. 1111283) - Ammalife (Reg. Charity No. 1120236) - Foundation for Conductive Education/NICE (Reg. Charity No. 295873) - Lotus Outreach International (Public charity in the US, EIN 80-0013909) - Midland Doctors Association UK (Reg. Charity No. 1114559) - Shivia (Reg. Charity No. 1126444) - Zambia Orphans Aid UK (Reg. Charity No. 1145721) MBCT also supported a further four charities through a co-funding relationship with the Angus Lawson Memorial Trust (Reg. Charity No.1117735). 4 ## **FINANCIAL REVIEW** ## **Overview** Total income for the year was £320,092 (2023: £703), and total expenditure was £176,492 (2023: £221,300), resulting in a net movement of funds of £143,599. Cash funds at the end of the financial period were £298,610. Income increased from the prior year due to a significant donation from the major donor to the charity as well as favourable investment performances during the financial period. ## **Reserves Policy** The Trustees aim to maintain reserves sufficient to cover approximately 12 – 18 months of grant making activity and operating costs. Future investment performance and income from donations cannot be guaranteed. In the event of the Trust winding down this level of reserves would allow MBCT to continue supporting charities where there is a funding commitment or longstanding annual support for a reasonable period whilst they look for funding elsewhere. Cash reserves at the end of the financial period were £298,610. The Trustees have reviewed the level of reserves held and consider these to be appropriate for a charitable trust of its size, considering planned expenditure, and potential contingencies. ## **Financial Risks** The Trustees have identified possible financial risks as: - The major donor withdrawing their support of the charity - Economic downturn affecting the level of donation available - The risk of fraud committed by Trustees authorised to make payments - Trustees committing more funds to charitable organisations than are available The Trustees have reviewed the financial risks facing the charity and consider these to be appropriately managed. ## **Financial Position** The Trustees have reviewed the financial position of the Charity and are satisfied that it remains financially sound. Income and expenditure during the year have been carefully monitored and the Trustees are of the opinion that the Charity has sufficient funds to meet its current commitments and to continue its grant making activity in the coming year. Accordingly, the Trustees are satisfied that the Charity is a going concern and that it is able to continue to operate and meet its charitable objectives for the foreseeable future. 5 ## **TRUSTEES’ DECLARATION** The Trustees declare that they have approved the Trustees’ report above. ## **Approved by the trustees on 29[th] October 2025** and signed on their behalf by: Shareen Ellahi, Chair of Trustees 6 ## **INDEPENDENT EXAMINER’S REPORT** ## **TO THE TRUSTEES OF THE MAC BEVAN CHARITABLE TRUST** 7 CHARITY COMMISSION FOR ENGLAND AND WALE5 Receipts and payments accounts CC16a Forthe p•rknd frorn Tty Section A Receipts and payments Unr•strltt•d fund¥ R•Strfct4d fvnd¥ EndOwm•nt funds Total fvndl LaBtyAor tolhèrt￿rtltL A1 Roc•Spls DJnthng&GIftAid 20D.llOD Sub lotallGross incoffle for ARI 2fAI.Q A2*35ot and In¥fj3trn8n¢salwJ, Ihvaslm￿lGains 118.979 124.092 118.979 120.492 240 70$ Sub lot81 320.092 320.Q92 703 A3P rnonts C*stsof lundraisifi C05LsolG￿nL￿ble3[￿WiI￿5 T.￿2 7.081 163.149 G.702 214,$ Sub totol 170.251 ITO.731 221JllO A4 A6591 and Invostment purchasès, s•è tablè 281 1201 Sub total &261 E.261 IT6A92 Nei ofrecoApis/{p8ymentsi A5TranÈfèrs b*￿•*n funth A6 Cash funds last yeargnd Cash Funds thi5 y•arend 143,599 220.597 296.tio Section B Statement of assets and liabilities at the end of the period Endowimènt funds •aMstÉ ¢8tcgorfoS fund 81 Cash fund B£ic 36,627 HSBC 247.S35 UBP syz 3&0aE ¥8.61D Un￿$trIcted fund8 Restrictsd fundl Endowmeni fund$ lo CuTrpntvahJ B3 Irwe5knent asset5 Kiwalo Gl*alFur Unieslnct¢ FunJiowhl¢h ¢uTr•ntv4 B4 ￿￿8•18 fotsinwl for tha ¢harlty'$ own uso FundtO*thkh o￿tdUl B5 LlabilIt￿$ sign￿ by on9 OTtwolw$l99s￿ ithalf Sign8lure Pnnl N8rne D81e 018pproval Fazal Rehma 2911012025