Company registration rnumber.. CE008100 Charity registration number,. 1169632 The MASIC Foundation A charitable incorporated organisalion Annual Report and Financial Statements for the Year Ended 31 DeGember 2022
The IVIASIC Foundatlon Contents Reference and Adminislmtive Details 1 to2 Trustees, Report 3to8 statement of Trustees, Responsibilitles Independent Examlner's Report 10 statement of Financial Activities Balance Sheat 12 Notes lo the Finan¢ial Statements 131018
The MASIC Foundation Reference and Adminlstratlve Details Trusteos Prof Michael Keigh1ey MA MS FRCS. President (resigned 1 June 2023 as Trustee remains President Prof Debra Bick Mmedsc PhD RM, Chair Jvlie Cornish MD FRGS Geoffrey Hand MA, Treasurer Prof Robert Freeman MB FRCOG Ranee Thakar MD FRCOG Henriella Mary Rose Bidwell (appointed 12 December 20221 Joanna Prance laps)oinled 6 January 20221 Amanda Hughes lappoinled 5 September 20221 Samantha Vincent (appointed 6 January 20231 Sarah Embleton (appointed 21 March 20231 Patrons Donna Ockenden FRSA Page 1
The MASIC Foundation Reference and Adminlstratlve Detalls Principal Office PO Box 10875 Nottingham NG12 SYU Reglstèred Offlce PO Box 10875 NottiAgham NG12 5YU Company Registratlon Numbpr CE008100 Charity Reglstration Number 1169632 Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill Wesl Malling Kent ME19 4JQ Indepondent Examlner Ballards LLP Oakmoore Cotjrt 1 IC Kingswood Road Hampton Lovell Droilwich Worcestershire WR9 OQH Website .ma8ic.org.uk Emall lnfo@masic.org.uk Twltter @masic uk Instagram hllps.'Ilwww.inslagram.comlmasi¢foundalionl FaGebook htlps.'Ilwww.facebook.comlMASICFOUNDATION Page 2
Llnkedln https'.Ilwww.linkedin.comlcompanylmasicfoundalion Page 2
The MASIC Foundatlon Trustees, Report The trustees, who are directors for the purposes ol company law, present the annual report together wllh IhÈ flnancial slalements of the ¢harilable company for the year ended 31 December 2022. Trustees Prol Michael Keighley MA MS FRCS, President (resigned 1 June 2023 as Trustee remains President) Prof Debra Bick Mmedsc PhD RM, Chair Julie Cornish MD FRCS Geoffrey Hand MA, Treasurer Prof Robert Freeman MB FRCOG Ranee Thakar MD FRCOG Henrietta Mary Rose Bidwell lappoinled 12 December 2022) Joanna Prance lapFX)inled 6 January 2022} Amanda Hughes lappoinled S September 20221 Samantha Vincent (appointed 6 January 20231 Sarah Emblelon (appointed 21 March 20231 Oblectlves and Alms Background The MASIC Foundation was formed in 2016 and 18 the UK'S only charity dedicated lo supporting women who have suffered severe perineal injurie5 during childbirth known as Obstetr anal sphincter injuries (OASII or third and fouilh degree lears. Such injuries are life-changing and Can have a devastating impact on a woman's quality of life her health, inlimale relationships, family relalionships, employment. OurAims The MASIC Foundation has three aims.. 11 Raising publi¢ awareness and supporting injured women 21 Supporting research and prevention ol OASI injuries 3) Education of healthcare professionals. Page 3
Thè MASIC Foundatlon Trustees. Report Achievemgllts and perfomiance A key aim in 2022 was the eslablishmenl of a network of MASIC Supporl Groups, providing peer-led face-lo-face support to injured women, with the assistance of a healthcare professional. The North West had been identified as a starling point for our first group which was held onsite at the Ronald McDonald House Manchester Hospital Group in October 22 and was both a launch and first group sesslon with a number of healthcare piofessionals and birlh-injured women attending. The feedback Irom the first evènl was oveNhelmingly positive, leading to further dales being sel and plans lo roll out to other locations, u51imalely providing a nationwide network of support groups. Thank you to the National Lollery and the Albert Hunt Trust foi making this possible, Ronald McDonald House Manchester for hosting and the clinicians of the NW Steering Group. 'Anolher incredible support group with the MASIC Foundation. Every lime I meet these women ladvocatesl, I'm just in complete awe ol the sheer amount of empowerment, acceptance and passiori these women have when it comes lo our life changing injuries. Il's an incredible feeling lo feel accepted, so normalised and so empowered lo be able lo talk about such embarrassing and Iraumalic injuries and experiences. Forever grateful to have them, and even more grateful for the level of support I have received during my own journey" Other Support Aside from in-person supp)rl groups, there is a vibrant online community of women who support each olher through Iheir eXperIenS of injury from birth trauma. At the end of 2022, we had 371 members of a closed 8UPPOrt group on Facebook and, through email, phone call and an online contact form, received over 170 enquiries during the year from injured women. .1 really appreciate you taking lime for me, your support and encouragement., So¢lal Medla Our social media continues lo grow in reaoh and impact - serving injured women by providing a rich Sour ol inforn)alion and guidance and disseminating information lo health professiona15. We ended the year with 2,350 followers on Inslagram, 1,839 on Twitter, 789 on the Facebook open page. These platforms are used to promote relevant new stories, iemind followers ol MASIC'S free-to-access webinar archives. share useful information and guidance from other health professionals, charities and heath organisations and reach other health professionals and those interested in Ihi5 area of women's health. Page 4
The MASIC Foundatlon Trustees. Report Press MASIC has strengthened ils links with the media as the pmfile of this injury grows, and has been quoted in four press articles this year calling for improved Irealmenl and care for birlh-injured women.. 7 April 2022 The Guardian.. hllps:Ilwww.Iheguardian,comlsociely1202212pr1071il-seems-if-you-haVe-a-baby"yOUsh0u[d-eXpeGl._t0- be.in- pain-the-women-living-wilh-poslparlum-incontinence 28 May 2022 BBC Online.. hllp5.llwww.bbc.co.uklnewsluk-wales-61592798?fbclid-IwAROmM5z 94-njRS VfXX406Bf-EzXOIMRuK18RbqpZClyULiDTU2TqZub4xw 6 August 2022 Daily Mail-. htlps'./lwwM.dailymail.co.uklnewslarlicle-10371409IMolhers-bid-person-stoma- b2g-swim-channel-traumalic-birlh-son.hlml 20 November 2022 Mail on Sunday.. htlps-.Ilwww.dailymail.co.uklheallhlarticle-11447fj631Campaigners-ca 11-new-molhers-receive-GP-check-nine-monlhs-giving-birth.html Website Traffic lo our website continues lo increase. 11 remains an important resource for both injured wotnen and healthcare professionals. In 2022 our website's sofbN2re was updaled enabling us lo analyse and monitor traffic and areas of interest on th8 sile mole closely. Webinars in 2022 The MASIC webinars in 2022 included.. Montgomery and consent- where are we now? Persistent pain after delivery.. causes and management Chiklbirlh injury.. how is il managed in Primary Care? These events are supported by a range of sponsors lo cover costs. We particulafly wish lo thank the following law and medical firms for their support.. Boll Burdon Kemp, Leigh Day. Moore Barlow, Medtronic and THD. A full programme of webinars continued Into 2023. 'Enjoyed all aspects ol Ihe webinar - very interesting talk5 ancl great to look at the issue fiom different perspectives . Health Professional Assisted Blrth Survey We conducted an Assisted Biilh Survey across our social media oyllels, via email dislribulion and our website. The SLFrvey was open to women In UK only who had given birth assisled by forceps andlor venlouse. Questions focussed on the quality of information women were given anlenaially, where this information came from, whether they were given choice and lformed Qonsenl for instruments lo be used and how they rated the aftercare they received following instrumental delivery. We also researched the extent of injuries they or their babies had received, if those injuries had been missed or misdiagnosed, and their concerns about Iheir health and wellbeing following the delivery. The response level was excellent, with ovEr 700 responses. The ftndings of the suNey will be released later in 2023. Page 5
The MASIC Foundatlon Trustees, Report other Prolects, Research and Collaboratlve Worklng We continue lo work with an ever-increasing network of clinicians, charities and others commilled lo perineal health. Some highlights include.. We continue lo advise and support the OASI care bundle through The Royal College of Obstetrics and Gynaecology and The Royal College of Midwives in Ihe roll out of the second phase of the perineal trauma prevention programme. The GRACE study - we were delighted lo work over the past 2 years on the GRACE study University ol WaNi¢k-led qualitative study, funded by the UK National Institute for Health and Care Research that looked at women's experiences of anal in¢onlineiice following vaginal birth and the missed opporlunilies in routine health care contacts. With input from the MASIC Foundation the study identified missed opporlunilies in gelling a diagnosis of Al, an absence of clear palhwsys for those who are referred for Irealmenl and a lack of awareness of th8 problem among healthcare professionals. A tmining package has been developed for the Royal College of General Praclilioners IRCGPI as have resource pages linked lo the study which the charity will be hosting on ils website. . Working with physiotherapi81s and co-ordinators on the NHS Pelvic Health Clinics providing training packages. we were able lo support these clinics by providing Advocate case studies and speakers for educational seminars for HCP'S. Admlnlstratlon and Governance Trustees and Committees: Professor Bick continues as Chair of Trustees Professor Freeman chaiis the Education Committee Geoffrey Hand Continued as Treasurer Ihrouohoul 2022, with Amanda Hughes becoming Treasurer in 2023. Both are membeis of the Finance and Resources Commillee. Joanna Prance, Amanda Hughes and Henriella Mary Rose Bidwell were welcomed lo the Tnjslee Board in 2022, and Samantha Vincent and Sarah Emblelon in 2023. The Trustees meet on a quarledy basis. MASIC'S two subcommillees - the Education Committee and the Finance and Resources Commlttee - meet regularly. Stafl: Chloé Oliver took up office as MASIC'8 Chlef Executive Officer in January 2022 and is supported by a team of three part lime 51aff, two of whom have lived experience of birth injury. Councll: MASIC is Supported by over 40 CounGiI Members who form a resouice for professional, parliamentary and financial inlroduclions, gener21ing polilul dèbate, public awareness and support. Council membership is by invitation., ils role is developing in line with MASIC'S increasing influence as the nalior121 voice of birth-injured women. Page 6
The MASIC Foundatlon Trustees. Report Financial review We have sustained 8 Stable cash position throughout 2022. The Finance and Resources Committee closely monitors the chafily's financial position and works lo ensure a proper balance belween the ever-increasing demands upon the chaiily, ils conlinuirkg growth and the resources available to meet those needs. Fundraising Strategy and Activity We have been working hard on a strategy to slrenglhen, maxlmise and diversify our income sources. Being still a relatively small and newly-formed charity, otjr aim is to develop long-lerm relationships with appropriate grant-making Charities and lo develop our own community fundraising streams. The allainmenl of long-term fir)an¢ial suslainabilily Is one of the CEO'S primary objectives. To this end MASIC seeks lo maximise ils fundraising capaclly by way of Social media and websil ulilisalion, Trustee, Joanna Prance, is forming and leading MASIC'S Community fundraising efforts. MASIC derives invaluable financial support from companies, law firms, clothing and equipment manufacturers and other organisalions supporting birlh-injuied women in as many aspects of their lives as possible. Our trustees constantly review the relationship between the charity and commercial organisalions lo ensure that these are appropriately managed. Particular value comes fiom the generous sporTrsorship of MASIC'S spe¢i8lised OASI webinars110 to dale) with "The Perinatal Pelvic Health Inilialive" "OASI and Disability Employment, Rights and Assessment" and "Instrumental Delivery.. Exploring the Impact on Maternal Health" als in current production for 2023. The MASIC staff and Trustees express their sincere gratitude to all the commercial organisations that have supported MASIC and make posslble ils ongoing vital contribution lo women's health. Pollcy on reserves The Iruslees adopt a risk-based approach to reserves, the principle present risk, as in any charity in ils eaTly years. being an inadequacy of funds. MASIC benefits from close and Tegular scrutiny of ils resources by ils Finance and Resources Committee in order lo avoid any sudden or unforeseen shoitfall. Taking into account the tharily's predictable running costs and the costs of closure the Iruslees adopt a reserves policy of maintaining approximately six months, unrestricted funds. Page 7
The MASIC Foundallon Tru8tee8' Report 8trncturei governance and managgment Con$titutlon The charity Is govemed by a Constitution registered wlth the Charty CommIssn for England and Wales as a Chilable Incorporated Organ158tlon on 13 Octot¢r 2018. Recrultment and Appolntment of Truste88 Trustees are drawn from the k6y health¢are ptof8ss¥)na18 involv&J In ts prevention or traatment of OASI. and the Board indudes women have eXpneed OASI. In selecting indlvpjuals for appolnlmenL the trustees have had regard to the sklus. knowledge and experience n&ed8d for th8 effective management of the Foundation. New trustees are provid&J wilh and appropriate indu¢llon on joinlng the charty. Inltial trainlng and annual refresher )urSeS are mandatory for all Trustees. Publlc Bonoflt The trustees confimi Ihal fv have complml wlth the requlr6manls of sttlion 4 of the Charlties Act 2011. Thay have due regaid to the publi¢ benefft guKlance published by the Charlues Commisslon for England and WaS in determing the activities undertaken by Ihe Charity. All Irustees give their bme volunlarity and no 1fttee recelves any prlvate benefit or remuneration from the Charlty. The Charity is run by the Irustees who meet al least ihtee timas wr year. sta During 2019 the FoundalK)n reorganispAJ to generate greater MASIC Ambassador involvement at the start of 2020 we shall have two part linw pald slaff WI af8 MASIC knbassadors to run our adminlstrauon and soclal medla a¢liviii8S. Rlsk management The Trustees re¢ognlse there are a rang8 of straleglc rlsks to whh MASIC is exwsed. These in¢lude financial. rewtalbnal. In01J1¢a[. legal and operatiollal risk8. To date, a5 MASIC is a small charlty. 51 ha8 been posslble to ma)age risks quite practTrlly on a day-to4ay basis. As the charlty exparKls during 2020, InJ5tees will develop a Risk M8nagem&nt Plan, to Identlfy key rfsks and mitigatK)ns, In order to meet the r4uirements of good governanc6. Regular reports of key rtsks wlll be made lo Trustees and the risk plan will te uwlaled regularly. The annual report was approved by the trustees of th6 chwity on behalf by.. zsnd slgned on Its cPhDRM Page 8
Thè MASIC Foundatlon statement of TrustBes' Responsibilities The law appllcable lo charities in England and Wales requifes Trustees lo prepale flnancial Statements for each financial year which give a true and lair view of the slate of affairs of the Charity and of incoming res0rceS and application of resOurS of the charity lor that period. In prepaling these Flnanclal Slalemenls the Trustees are required lo.. lal Select suitable accounting policies and then apply them consislenlly., Ibl Observe the methods and principles in the Charities SORP- Icl Make judgements and accoLJntlng estimates that are reasonable and prudent., Idl Slate whether applicable UK Accounting Standards have been lollowed, SLFbjecl to any maleriaS departures disclosed and explained In the financial statements,. and lel Prepare the financial slalemenls on the going ¢on¢ein basis unless il is inappropriate lo presume that the Charity will conlir)ue in operation. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy al any lime the financial position of the Charity and enable them lo ensure that the financial slalemenls comply with the Chaiilies Act 20118nd the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguaiding the assets of the Charity and hence laking reasonable steps lo prevent and delecl fraud and other irregularities. The Trustees are responsible for Ihe maintenance and integrity of the Charity and th8 financial information included on the Charily's website. Legislalion in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislatlon in other lurisdiclions. Page 9
The MASIC Foundatlon Independent Examlnèrfs Report to the trustees of The MASIC Foundation I report on the accounts of Ihe charity for the year ended 31 December 2022 which are sel out on pages 11 to 18 Respectlve responsibilities of trust88s and examiner The Iruslees of the CIO are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(21 of the Charities Acl 2011 Ilhe 2011 Act) and that an independent examination is needed. Having satisfied myself that Ihe Charity is not SLJbject to audit and is eligible for independent examination, il is my responsibility lo.. examine the accounts under se¢lion 145 of the 2011 Act., lo follow the procedLJres laid down in the general Directions given by the Charity Commission under section 14515)Ibl of the 2011 Act., and lo slate whether particular mallers have come to my altention. Basls of Independent examineV$ report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. 11 also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Iruslees concerning any such matters. The procedures underlaken do not provide all the evidence Ihal would be required in an audit and consequently no oplnion is given as to whether the accounts present a 'l¥ue and fair view, and the report is limited lo those mallers set out in the statement below. Independent examiner's statement In ¢onneclion with my examination, no maller has come lo my atlenlion.. (11 which gives me reasonable cause lo believe that in any material respect the requirements.. to keep accounting records in a¢cordan¢e with section 130 of the Charities Act 2011., and to prepare accounts which accord with the accounting records and comply with the methods and principles of the Statement of Recommended Practice.. Accounting and Reporting by Charilies have not been mel., or {21 lo which, in my opinion, allenliorh should be drawn in order lo enable a proper understanding of the ac¢ounls to be reached. Benjamln Powell Msci ACA Oakmoore Court 11 C Kingswood Road Hampton Lovell Droilwich Worcestershire WR9 OQH Oale.. 25 O¢lobor 2023 Page 10
The MASIC Foundation Statemgnt of Flnancial Activitles for the Year Ended 31 December 2022 Ilncluding Income and Expenditure Account and Statement of Total Re¢ognlsed Gains and Losses) Restrlcted funds Total 2022 Total 2021 Note Income and Endowments from: Donations and legacies Charitable activities Grants 1,090 7,446 106,893 9,348 45,718 12,000 Total Income 120 189 67,064 Expendlture on.. Raising funds Charitable activities other expenditure Total Expenditure Nel expenditure 1211 1119.803) 5,484 15,0091 163,3801 3,498 {10,4291 125 308 71,887 9.339 Nel movement In funds 19,3391 15,1191 14,8231 Reconclllatlon of funds Total fund8 brought forward Total funds Garried forward 100 391 13 90.449 All of the charity's activities derive from continuing operations during the above two periods. The funds bre8kdown for 2021 is shown in nole 13. Page 11
The MASIC Foundatlon (Registration number: CEOOB1001 Balance Sheet as at 31 December 2022 2022 2021 Note Flxed assets Tangible assels 10 1,581 868 Current assets Debtors Cash al bank and in hand 2,522 92,738 95,260 5,023 94,159 99.182 Creditors: Amounts falllng duB Withiii one year 12 4,482 Net euyrent assets 88.868 94.700 Net asset5 Funds of thg charlty: Restricted funds 2,661 12,000 Unrestricted income funds Unre51ricted funds 87,788 83,568 Total funds 13 The fin on ncial slalemenls on pages 11 to 18 were approved by the Iruslees, and aulhorised for issue ebra Bick MMedS¢ PhD RM Page 12
The MASIC Foundation Notes to the Financlal Statements for the Year Ended 31 December 2022 1 Charity status The Ghaiily is a charitable incorporated organisation and consequently doe5 not have share capital. 2 Accounting pollcies Summary of signlflcant accountlng policies and key accounting estlmates The principal aoUntIng wlicies applied in the preparation ol these financial statements are sel out below. These poliGies hgve been consistently applied lo all the years presented, unless otherwise staled. statement of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Chaiities.. Statement of Recommended Practice applicable lo charities preparing their accounts in a¢cordanGe with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 leffeGlive 1 January 20151 (Chdrilies SORP IFRS 1021), the Financial Repoiling Standard applicable in th8 UK and Republic of Ireland (FRS 1021. Basis of preparatlon The MASIC Foundation meets the definition of a publlc benefit enllly under FRS 102. Assets and liabilitie8 are initially recognised al hbslorical Cost or IransaGlion value unless olhetwise slated in the relevant ac¢ounting policy notes. Golng concern The Iruslees consider that there are no material uncerlainlies about the Gharitls ability lo continue as a going concern nor any significanl areas of uncertainly Ihal affect the carrying value ol assets held by the charity. Income and endowmants All income is recognised once the charity has enlillemenl lo the Income, il Is probable that the Income will be ieceived and the amount of Ihe income receivable can bè measured reliably. Donatlons and 18gacies Donations ar8 recognised when the charity has been notified in writing of both the amoulll and settlement dale. In the event that a donation is subject lo conditions that require a level of performance by the charity before the charity is enlilled lo the funds, the incorne is deferred and not recognised until either those ¢ondilions are fully mel, or the fulfilmenl of those conditions is wholly within the control of the oharlty and il is probable that these conditions will be fulfilled in Ihg reporting period. Grants receivable Grants are recognised when the charity has an enlillemenl lo the funds and any conditions linked lo the grants have been mel. Where performance ¢onditions are allached lo the grant and are yel lo be Tnel, the income is recognised as a liability and included on the balance sheèt as deferred income lo be released. Page 13
The MASIC Foundatlon Notes to the Flnanclal Statements for the Year Ended 31 December 2022 Expenditure All expenditure is recognised once there is a legal or constructive obligalior> lo that expenditure, il 15 probable selllemenl is iequired and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate simllar costs lo that category. Where costs cannot be directly allribuled to particular headings they have been allocalecl on a basis consistent with the Ljse of resources, with cenlial staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Ralslng funds These are cosls incurred in atttacling volurslaTy income, the management of investments and those incurred in trading activities Ihal raise funds. Charitable actlvifles Charitable expenditure comprises those costs incurred by the charily in the delivery of ils activities and setvices for ils beneficiaiies. 11 includes both costs that can be allocated directly to such activities and those oosls of an indirect nature necessary lo support them. Governance costs These include the costs allribulable to Ihe charity's compliance with conslilulional and stalulory requirements, in¢luding audit, strategic managemenl and Irustees's meetings and reimbursed expenses. Government grants Government grants are recognised based on the accrual model and are measured at the fair value of th8 asset received or receivable. Grants are classified as relating eilh&r to revenue or lo assets. Grants relating to revenue are recognised in income over the period in which the related costs are re¢ognised. Giants ielaling to assets are recognised over the expected useful life of the asset. INhere parl of a grant relating lo an asset is deferred, il is recognised as deferred incomè. Tanglble fixed assets We capitalise the purchase of any tangible item with a useful economic life over 1 year. Depreciation and amortisation Depre¢ialion 18 provided on tangible lixed assets so as to write off the cost or valuation, less any eslimaled residual value, over their expected useful economic life as follows- Asset class Offioe equipment Depreclation method and rate 33.34/0 on reducing balance Fund structure Unreslricled income funds are general funds that are available for use al the trustees's discretion in furtherance of the objectives of the charity. Reslricled income ftjnds are those donated lor use in a particular area or for specilic purposes, the use of which is restiicled lo that area or purpose. Pago 14
The MASIC Foundation Notes to the FlnancSal Statements for the Year Ended 31 Decemb&r 2022 3 Income from donatlons and legacles Restricted funds Total 2022 Total 2021 Donations and legacies., Donations Giants, including capital giants., Giants 1.090 7,446 9,346 5,850 13,296 21,346 4 Income from charltable actlvltles Total 2022 Total 2021 Charitable income., Sponsorship and conference income 106 893 S Expenditurè on ¢harltable acllvltles Unrestricted funds Restricted funds Total 2022 Total 2021 General Note Conferen¢8 and event costs Governance costs 17,384 1,384 9,045 10,429 18.768 101.035 119,803 3.489 59.891 63,380 109 374 £109,374 (2021 £59,048) of the above expenditure wa$ ellribulable lo unre$tri¢ted funds and £10,42912021- £4,332) to reslricled funds. 6 Other expendlture Unrestrlcted funds Total 2022 Total 2021 General Leg21 fees Marketing and publicity Depreci&lion, amorlisalion and other sSmilar costs Other resoufces expended Independent Examiner's remunerallon 2,291 1,071 791 88 1,243 2,291 1,D71 791 88 1,243 5,484 1.677 434 187 3,498 Page 15
The MASIC Foundation Notes to the Flnanclal Statements for the Year Ended 31 Dgcember 2022 7 Analysls of governan¢e and $upport Costs Governance costs Unrestricted funds Restrlcted funds Total 2022 Total 2021 General Staff costs Wages and salaries Pension Gosls Other staff costs Leg21 fees Olher governance costs 81,735 2,350 7,378 89,112 2,350 36,102 1,020 1,144 768 7,137 1,016 651 1,784 101,035 59.891 8 Independent examlner's remuneratlon 2022 2021 Examination of Ihe financial statements 1.243 1,200 9 Taxatlon The charity is a registered charity and is therefore exempl from laxalion. Page 16
Thg MASIC Foundation Notes to thè Flnanclal Statements for the Year Ended 31 December 2022 l O Tangible fixed assets Furnltiirg and gqulpment Total Cost Al 1 January 2022 AddiliDns 1,302 1,504 1.302 1,504 Al 31 December 2022 2,8( Depreclatlon At 1 January 2022 Charge for the year 434 791 434 791 Al 31 De¢Èmber 2022 Net book value Al 31 December 2022 1,581 Al 31 December 2021 868 868 11 Debtors 2022 2021 other debtors 2,522 5,023 12 Credltors: amounts falling due within one year 2022 2021 other laxalion and SDcial security other creditors Accruals 2,598 2,654 542 2,800 6.392 Page 17
The MASIC Foundatlon Notes to the Financial Statements for the Year Ended 31 December 2022 13 Fund8 Balance at 1 January 2022 Incomlng resources Resources Balance at 31 expended December 2022 Unrestrlcted funds General General 83.568 119,100 1114,8801 87,788 Restrlcted funds Reslricled funds 12,000 2,661 Total funds 95 568 Balance at 1 January 2021 120,190 Incoming resources 125,309 Resources Balance at 31 expended December 2021 Unrestrlcted funds General General 96,059 55,064 167,5551 83,568 Restricted funds Restricted funds 4,332 12,000 4.332 12 000 Total fund8 100.391 67,064 95,568 Page 18