CHARITY REGISTRATION NUMBER: 1168463 The Macari Foundation Unaudited Financial Statements 31 March 2025 GENERAL & MEDICAL ACCOUNTANTS LIMITED Chartered Accountants The Wedgwood Big House l Moorland Road Stoke on Trent Staffordshire ST6 IDJ
The Macari Foundation Financial Statements Year ended 31 March 2025 Page Trustees, annual report Statement of financial activities Statement of financial position Notes to the financial statements The followlng pages do not form part of the financial staternents Chartered accountants report to The Macari Foundation on the unaudited financial information 14
The Macari Foundation Trustees. Annual Report Year ended 31 March 2025 The trustees present their report and the unaudited finanGial statements of the charity for the year ended 31 March 2025. Reference and administrative details Registered charity name The Macari Foundation Charlty reglstratlon number 1188463 Prlncipal offl¢e Genesis Centre North Staffs 8usiness Park Innovation Way Stoke on Trent Slaffordshire ST6 4BF The trustees Mrs A Smith Mr D J Marson Mr E Mccoy Mrs J Mocoy Mr L Macari Mr N Hancock Accountant General & Medical Accountants Limited Chartered Accountants The Wedgwood Big House 1 Moorland Road Stoke on Trent Slaffordshire ST61DJ
The Macari Foundation Trustees. Annual Report (eontlnu•dJ Yéar ended 31 March 2025 Structure, governance and management The Macari Foundation is a registered charity le9ally organised in the form of a Charitable Incorporation Organisalion ICIOI. The Trustees are the members of the CIO and their liability In the event of th8 CIO being wound up is limited lo £1 each. The charity and its property are managed and administered by its Trustees. The charity has the following officers.. {81 A Chair, Ibl A Secretary, (GI A Treasurer. A Trustee musl be a member of the charity or the nominated representative of an or9anisation that is member ol the charity. No one may be appointed a Trustée il he or she would be disqualified from acting und8r the provisions of the charity's constitutions. The maximum number of Trustees will be eleven and the minimum number will be three lunle5S otherwise determined by a resolution ol the charity in general meeting). A Trustee may not appoint anyone to act on his or her behalf at meetings of the Trustees, Objectives and a¢tlvltie8 During the year, the charity operated from rented premises based at The Victoria Village, Fletcher Road, Stoke on Trent. ST4 4AJ. The centre aims to relieve poverty of persons who are homeless, at risk of becoming homeless or those who are suffering from associated issues such as substance misuse, mental health problems or crime and anti-social behaviour in North Staffordshire. This is achieved by providing night shelter accommodation, food and support to these persons to help them move on to indep6ndent living. The trustees ¢onfirmed that due regard has been paid to the public benefit guidance as published by the Charity Comrnission.
The Macari Foundation Trustees, Annual Report (contlnued) Year ended 31 March 2025 Achievements and performance The Macari Foundation continues to be overwhelmed with the number of homeless and vulnerable people it has been able to support and move on to permanent accommodation. It has partnered with like-minded organisalions to support people with multiple needs across North Staffordshire. The Macan Foundation is looking lo further develop the Centre to ensure that this invaluable work continues. There is a dedicated team operating the Centre, who are trained to comply with health and safely regulations and quality compliance and also a strtsng focus to develop the support of the volur)leers, with a real investment on capacity buildin9 through community,. encouraging local communities to contribut8 through food gifts and bedding elc. Partnership working is key to ensuring ihal people receive the best care and support, so The Macari Foundation continues to work with organisations, attending meetings where necessary and continuing lo contribute lo the multi-agency work that is carried out across North Staffordshire. With homelessness on the rise, The Macari Fovndalion has filled a gap in the current provision for vulnerable people across the City, reducing social isolation and anli-so¢ial behaviour and providing people with a lifeline through food, shelter and care. Flnanclal revlew Income Income for year ended 31 March 2025 was £574,216 12024 £616,032) comprising mainly of donations and rent received from Housing Benefits. Expenditure Expenditure for the year ended 31 March 2025 was £725,030 12024.. £797.0771 Charitable activity expenditure acccunls for the majority of total expenditure. With the reduction of public sector grants. the Charity has continued to invest in fundraising lo ensure an uninterrupted service. SurpluslDeficil The accounts for the year ended 31 Mar¢h 2025 show a deficit of £150,814 12024.. deficit of £181,045). The Trustees continue lo support the excellent work that The Macari Foundation has started and they consider that there is a reasonable expectation that they have adequate resuurces lo continue in operational existence for the loreseeable future and, lor this reason. the Charity Gontinues lo adopt the 'going Concern, basis in preparing the account$. Funds and reserves policy The Trustees recognise the need lo maintain a level of general reserves that enables fi'nancial stability. is adequate lo meet the requirements of workin9 capital and acts as a cushion against ff uclualions in income and expenditure of the Foundation's activities. Such rÈseNes are built up from operating surpluses. The Trustees, policy is that free reserves should be sufficient lo manage the main risks of the Foundation and ils working capital requirements. The mair) r15ks would be a loss of income frcm Housing Benefit and changes lo government policy. The level of free reserves a5 at 31 March 2025 was £263,218 which the Trustees considered to be more than adequate for the Foundation's current needs. The Trustees have confirmeLI that a minimum of £50,000 is kept as free reserves at any point in lime to ensure the short-term needs of the Foundation can be met.
The Macari Foundation Trustees, Annual Report Icpntinuedj Year ended 31 March 2025 The trustees, annual report was approved on 11 Oecember 2025 and signed on behalf of the board ol trustees by. Mf L Macari Trustee QLtrI
The Macari Foundation Statement of Financial Activities Year ended 31 March 2025 2025 Restricted funds Total fund$ Total fijnds 2024 Unreslricled fL*nds Note Income and endowments Charitable activities 574,216 574,216 616,032 Totsl income 574.216 574,216 616,032 Expènditure Expenditure on charitable activities Total expendlture 723,337 1,893 725,030 797,077 723,337 1.693 725,030 797,077 Nèt expendlture and net movement In funds 1149,121) 11,6931 1150,814) 1181,045} Re¢oneiliation of fundJ Total funds brought fonvard Total funds carrled forward 412,339 19,543 431,882 e12,927 263.218 17,850 281,068 431,882 The statement of financial activitie8 includes all gains and losses recogni5ed in the yèar. All income and expenditure derivè from continuing activities. The notes on page$ 7 to 12 fomi part of these fiftancial statemants.
The Macari Foundation Statement of Financial Position 31 March 2025 2025 2024 Note Fixed assets Tangible fixed assets 87,954 106,325 Currgnl agsets Cash al bank and in hand 276,573 332,511 Credltors- amounts falling due wlthln one yaar Not current assets 83,459 6,954 193,114 325,557 Total assets less current Ilabllities 281,068 431,882 Funds of the charity Restricted funds Unréstricted funds 17,850 263,218 281,068 19,543 412,339 Total charlty lunds 431,882 These financial statements were approved by the board ol trustees and 8Uthorised for issue on 11 Decembèr 2025, and are signed on behalf of the board by.. Mr L Macar Trustee The notfjs on pages 7 to 12 forni part of these financlal statements.
The Macari Foundation Notes to the Financial Ststements Year ended 31 March 2025 General informatlon The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated The address of the principal office Is Genesis Centre, North Staffs Business Park, Innovation Way, Stoke on Trent, St3ffordshire, ST8 4BF. Statement of complianca These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,. the Statement of Recommended Practice 3pp11Gable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland {FRS 1021 {Charilies SORP IFRS 10211 and the Charities Act 2011. Accountlng poll¢lo8 Basis of preparatlon The financial slalemenls have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measurod at fair value through incorne or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Golng con¢ern There are no matgrial unc6rlainlie8 about the charity's ability lo continue. Dlsclosure exemptlons The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 ofFRS 102.. (ai No cash flow statement has been presented for the entity. (bl Disclosures in respect of financial instruments have not been presented. Judgements and key sources of estlmatlon uncertalnty The preparation of the financial ststements requires management lo make judgements, estimates and assumptions that affect the amounts reported. These eslimales and judgements are cont1nually reviewed and are based on experience and other factors, including expectations ol future events that are believ8d to be reasonable under the circumstances. Significant judgements No significant judgements has been made. Accounting estirnates and assumptions No estimates and assumptions have made.
The Macari Foundation Notes to the Financial Statements {conlinuedJ Year ended 31 March 2025 Accountlng pollcles Icontlnued) Fund accountlng Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Desigr)ated funds are unrestricted funds earmarked by the Iruslee5 for particular future project or commitment. Reslricled funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal. and fall into one of trwo sub-classes. restricted income funds or 6ndowmenl funds. Incoming resourcès All incoming resources are included in the slalement of financial aGlivilie5 when enlillemenl has passed lo the charity,. it Is probable that the economi¢ benefits associated with the transaction will flow lo the charity and the amount can be reliably measured. The following specific pclicies are applied to particular categories of inctsme.. income from donations or grants is recognised when there Is evidence of ents'tlemenl lo the gift, receipt is probable and 115 amount Gan be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured al the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are Included for the contribution of general volunteers. income from contracts for the supply of serVIS is recognised with the delivery of the contracted service. This is ¢lassified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case il may be regarded as restricted.
The Macari Foundation Notes to the Financial Ststements Iconiinu•dJ Year ended 31 March 2025 Accountlng policies (Contlnued) Re80urce8 expènded Expenditure Is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which ¢annol be fully recovered. and is classified under headings of the statement of financial activities lo which it relates". expenditure on raising funds includes the costs of all fundraising activities, events. non<haritable trading activities, and the sale of donated goods. expendilvre on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governancé of the charity apportioned to charitable a¢livilie3. other expenditure includes 811 expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allo¢aled lo expenditure calegofies reflecting the use of the resource. Direct ¢osls attributable to a single activity are allocated directly to that activity. Shared c051s are apportioned be8&n the activities they contribute to on a réasonable, justifiable and ¢onsist8nl basis. Tanglble assots Tangible assets are initially recorded at cost. and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at Ihe lair value al the date of revaluation less any subsequent accumulated depreoialion and subsequent accumulated impairment losse5. An increase in the carrying amount of an asset a5 a result of a revaluation, ig recognised in other recognised gains and losses, unless il reverses a charge for Impairment that has previously been recognised as expenditure within the slalement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except lo which il offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciatlon Depreciation is calculated so as to write off the cost or valuation of an as8el, less ils residual value. over the useful economic life ol that asset as follows.. Fixtures, fittings and equipment Motor vehicles 10 /0 Strai9ht line 20°/o reducing balance Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Vvhere the carrying value eXed8 the recoverable amount. the a55el is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reportin9 date.
The Macari Foundation Notes to the Financial Statements {contlnuedJ Year ended 31 March 2025 Accountlng policies (contlnued) lrnpairment of fixed assets lcont1nuj For thè purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-genèrating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected lo benefit from the syriergies of the combination, irrespective ol whether other assets or Iiabililies of the charity are assigned lo those units. Charltsble actlvltlès Unrestricted Totsl Funds Unrestricted Total Funds Funds 2025 Funds 2024 Renl and donations receivable 574,216 574,216 61e,032 816,032 Expendlture on charltable actlvltles by fund type Unrestricled Funds Restricted Total Funds Funds 2025 Support costs 723,337 1,693 726,030 Unreslricled Funds Reslricled Total Funds Funds 2024 Support costs 794.%1 2,116 797,077 Staff co8t8 The total staff costs and employee benefits for the pOrtiftg period are analysed as follows.. 2025 2024 Wages and salaries 345,969 431.900 The average head count of employees during the year was 14 (2024. 161. No employee received employee benefits of more than £60.000 during the year12024. Nil). Trustee remuneration and expenses P Macari was a Trustee during the year and was paid a salary of £52,000. No remuneration or other benefits from employment were received by other Trustees. 10
The Macari Foundation Notes to the Financial Statements {¢ontinu¢dJ Year ended 31 March 2025 Tangible flxed auet8 Fixtures and fiiiings Motor vehicles Total Cost At 1 AprS12024 and 31 March 2025 Depreciation Al 1 April 2024 Charge for the year At 31 March 2025 145,577 53,561 199,138 58,314 14.558 34,499 3,813 92,813 18,371 72,872 38,312 111,184 Carrying amounl At 31 March 2025 72,705 15,249 87,954 At 31 March 2024 87,263 19,062 106,325 Creditors.. amounts falllng due wSthin one yèar 2025 2024 Other creditors 83,459 6,954 10. Analy81s of ¢harltable funds Unrestrlctod funds At 1 April 2024 At Income Expenditure 31 March 2025 General funds 412,339 574,216 (723,3371 263,218 At 1 April 2023 At Income Expenditure 31 March 2024 General funds 591,268 616,032 1794,961) 412,339 Restricted funds At 1 April 2024 At Income Expenditure 31 March 2025 Restricted Fund 1 desc in alcs 19,543 {1.6931 17,850 Al 1 April 2023 At Income Expenditure 31 March 2024 Restricted Fund 1 desc in alcs 21,659 12,1161 19,543 11
The Macari Foundation Notes to the Financial Statements (¢ontinued) Year ended 31 March 2025 11. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2025 Tangible fixed asset8 Current assets Creditors le5S than 1 year Net assets 81,184 276,573 183,4591 274,298 6,770 87,954 276,573 (83,4591 281,068 6,770 Unrestricted Funds Restricted Total Fund5 Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net ag8ets 97.862 332,511 (6,9541 8,463 106,325 332,511 16,9541 431.882 423,419 8,463 12
The Macari Foundation Management Information Year ended 31 March 2025 The followlng pag8s do not form part of the flnanclal Statements. 13
The Macari Foundation Chartered Accountants Report to The Macari Foundation on the Unaudited Financial Information of The Macari Foundation Year ended 31 March 2025 As described on the statement of financial position, the trustees of the charity are responsible for the preparation of the financial statements for the year ended 31 March 2025. which comprise the statement ol financial aclivilies, statement of financial position and the related notes. You consider that the charity is exempt from an audit under the Charities Act 2011. In accordance with your instructions I have Gompiled these financial statements order lo assist you to fulfil your slalutory responsibilities, from the ac¢ounling records and from information and explanations supplied to me. GENERAL & MEDICALACCOUNTANTS LIMITED Chartered Accounlanls The Wedgwood Big House 1 Moorland Road stoke on Trent Slaffordshire ST61DJ 14
The Macari Foundation Notes to the Detailed Statement of Financial Activities Year ended 31 March 2026 2025 2024 Income and endowments Charitable activities Rent and donations receivable 574,216 616,032 Total Income 574,216 616,032 Expendlture Expenditure on eharltab16 a¢tlvltle• Food costs and activity expenses Wages and salaries Rent and council lax Oonations Light, heal and water Repairs and mainteiiance Insurance Printing, postage and stationery Motor vehicle expenses Legal, professional and H&S fees Telephone and computer costs Staff traning Depreciation Bank charges General expenses Cleaning and laundry Provision lor dilapidation 14,901 345,969 115,732 806 65,654 8,961 19,796 284 6,836 34,666 12,507 89 18,371 380 591 1,487 78,000 32,435 431,900 169.384 769 77,889 10,746 7.945 1,108 8.834 27,552 5,949 324 19,324 397 1,329 1,392 725,030 797,077 Total expendltura 725,030 797,077 Net expendlture 1150.8141 1181,0451 15