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 eXperIen￿S 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"yOU￿sh0u[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 l￿formed 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 CommIss￿n for England and
Wales as a Ch￿ilable 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 eXp￿need 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 Wa￿S in determi￿ng the activities undertaken by Ihe Charity.
All Irustees give their bme volunlarity and no 1ft￿tee 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 wh￿h MASIC is exwsed. These
in¢lude financial. rewtalbnal. I￿n01￿J1¢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 res0￿rceS and application of resOur￿S 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 a￿oUntIng 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