Charty Registration No 1184949
THE MAHAN CHARITABLE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL
STATEMENTS
RECEIPTS AND PAYMENTS BASIS
FOR THE YEAR ENDED 5 APRIL 2024

THE MAHAN CHARITABLE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trugte•s
K BrUc￿SmIth
L Gibson
E Wdlsh
Charlty number
1184949
Principal address
3 Lincoln's Irbn Fields
Lond
United Kingdom
WG2A 3

THE MAHAN CHARITABLE TRUST
CONTENTS
Page
Trustees, report
Independent examinerfs report
Inccme and expenditure
Balance sheet
Notes to the financial slalements

THE MAHAN CHARITABLE TRUST
TRUSTEES. REPORT
For the year ended 5 April 2024
The Trustees present their report and fin3nc5al statements lor the year ended 5 April 2024.
The financial slateryenls have been prepared In accordance ￿1h Ihe accounling pdicie5 set out In note 1 to
the IinanciBI slalemenls and comply with the Trusl's Trust Deed and the Chanties Act 2011
Objectlves and actlvlties
The charity's objects are to apply Ihe Income and capital of Ihe Trust for the tsenefil of such exclusively
Chafltable obsects and purposes (charitable acGording to the laws ol England) In any part ol Ihe world as
the Trustees May In their d15cretion Ihifjk lit
The Trustees have pai(J due regard lo guidance issued by the Chariiy Commission in deciding what
activities the Trust should undertake.
Achievements and performance
The Irusi is registered wth Ihe Charily Cornmission and HM Revenue & Cusloms. The Tiusl hcls been
successful in r8ising addi'.IOTial commilmenls lor fundiTrg froffl Its donors and continues lo undertake
charilable funding.
Flnanclal review
The fin3ncial position Is sel out In the Sialemenl of Financial Activities and the Truslees are satisfied wilh
the results lor Ihe yeai ano the posrtion ot the Trust al the year en¢Y
The accounts which are produced on a recèiots and payments basis reflect funds al the balance sheet
dale of £50.01512023 £61 1921. A04itionally gift aid dornai ons were processed 10 further Increase funds by
£5.500 which was re¢eived after the year end Al the balance sheet dale the Tr￿st has not made future
funding commilrnen15 The Trusiees ensure Ihai available lun¢Js togeiher with future corrrnilled funds are
available 50 as lo be eonfidenl that any liabilities can l)e met as they fall due and the charity can conlinue
as a going concern
Slructuret governance management
The Charity was established by a Charitable Trust Oeed on 26 February 2019.
The Trustees who served duThng the year and up to Ihe dale o151gnature ol the financial staiemenis were..
K Bruce-smilh
L Gibson
E Walsh
Appointrneni ol Trustees will be by way of a perw undertaking the role of Founder or in Ihe absence of a
Founder by the Trustees. Appointment of Tvvstees is conssdered on Ihe basis of the requirernen15 of the
charity and the skills and expertise that each Irustee would bring.
The Trustees in consultation wilh Ihe FoLJr,ders comprise the key managerDent of the charity in charge of
directing and controlling, runniryg and operating the chaTlty on a day to day ba515. Meetings ol the charity
occur quarterly or at such other frequency as Ihe Ttustees tnay consider suitable In the circumstances of
the charity.
The Trustees have assessed the major risks lo which the Chanty is exposed. and are satisfied that Sy5terns
are In place to rnitigale exposure to the major risks.
Page 1

THE MAHAN CHARITABLE TRUST
TRUSTEES. REPORT (Continued)
For the year ended 5 April 2024
The Trustees, report was approved by the Board olTrustees.
L Glbson
Trustees
Dated. 15 October 2024
Page 2

THE MAHAN CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE MAHAN CHARITABLE TRUST
I report tu the Trustees on my examination ol the finanaal statements of the Mahan Chanlable TIu5t (the
Trust) for the year year ended S Apnl 2021.
Responslbllltles and basls ol report
As the charity irustees ol the Trusl you are respon￿ble for the preparation of the accounls in accordance
with the requiremen15 01 the Charitie5 Act 2011 1.the Act").
I report respect of my examination ol the Trusts, accounts carried olrt under sections 145 of the 2011
Act and In carrying out my examination. I gave followed the ap￿iCable directors givens by the Charity
Commission under section 14515lb of the Act.
Indepènd•nt examlner's statement
I havè completed my examination I confirm Ihat no maltefs have corne to my attention In conneclion with
the exarn,'nalion giving cause 10 believe Ihal In any maierial respect
acetsunling record$ were not Kepi In respect of Ihe Trust as required by section 130 of the 2011 Act,
or
e financial statements do no accord wrth those records.
I have no concerns and have Gome auoss no other mailers In connection wltt the examination to which
attention should be drawn In this report In order lo enable a proper understanding of the financial
8ialement5 lo be reached.
Andrew Grieve FCA
Moore Kingston Srnilh LLP
9 Appolcl Sl, Lon(Jon
London
EC2A 2AP
Dated 15 October 2024
Page 3

THE MAHAN CHARITABLE TRUST
INCOME AND EXPENDITURE ON A RECEIPTS AND PAYMENTS BASIS
For the year ended 5 April 2024
Unre5trlcted Unreslricled
fund5
funds
2024
2023
Note5
Income and endowment5 from-
Donations and legacie5
Other income
83.153
2920
110
Total Income
86.073
110
Ex
e.ndlture on..
Gr3n15 and donation5 paid
Legal and professional lees
Bank charges
Independenl examiners fee5
30,421
3,822
63,70
6,115
2.580
1,800
Total charltable expendlttsre
36 825
71,622
Net Incomell•xp*ndltur¢l for the yearl
Net movement In lunds
49,248
171,5121
Fund balances al 6 April 2023
767
72,279
Fund balances at S April 2024
50.015
767
Page 4

THE MAHAN CHARITABLE TRUST
BALANCE SHEET
As at 5 April 2024
2024
2023
Notes
Current assets
Cash at bank and In hand
77,141
26,651
Creditor5'. amounts falling due wilhln
one yèar
127.1261
125,8841
Nel current 8SSÈts
50,015
767
Income funds
Unreslricted funds
YJ.015
767
50,015
767
The financial statements were approved by the Tru51Èes on 15 October 2024
Gibson
Trustee
Page 5

THE MAHAN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 5 April 2024
Accounting policies
1.1 Accounting convention
The financial slalemen15 have been prepared in accordance wlh the Trust's Trust Deed and the
Charities Aci 2011
The accounts are prepared In sterling. which 15 the fvnciional currency ol the cornpany Monetary
amounts In Ihese financial statements are rounded to the nearest £.
The account5 have been wepareL1 under receipts and payrrenls bas15.
1.2 Golng concem
At the time of approving the accounts, the Trvstees h8ve a reasonable expectation that the Trust has
adequate resources lo continue In operational existence for the foreseeable futJre. Thus the Trustees,
coniinut t¢ adtspl ltte going Cl￿Cern basis of accountin9 In preparing the accounts
1.3 Charltable funds
Unreslricied funds afe available lor use ai the discretion of the Trustees in furtherance of their charitable
objectives unless the funds have been desigvaled for other purposes
1.4 Cash and cash equivalents
Cash and cash eqLJivalent5 Include Ga5h in hand. deposits held al call banks. other short-lerrn liquid
investmen15 with original rnalurities of three months or less. ano bank over(tiaft$. 8anK ¢verdrarts are
shown Wllttin boTrowings in cuirenl Iiabililie5
DonatSons and lega¢l¢s
2024
2023
Donations and gifts
Gift ai(J
22.000
61 153
83.153
(Xher income
funds
2023
Olhei Income
2.920
Page 6

THE MAHAN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (Continued)
For the year ended 5 April 2024
Charitable activities
2024
2023
Legal and professional fee5
8apk charges
Independent exam¢ners fees
3,822
6,115
2.580
1.020
Grant funding ol activrties (see note Sl
30,421
73,375
30,421
73.375
Legal and professional fees include5 £720 paid 10 the Independent Examiner for tax and gift aid
servlc8S.
Grants payabl•
Grants and
donatlons
poid
2023
Grants lo In51itulions
Universily of Notlin9ham
30,421
63 706
30.421
63,706
Trustees
The Trustees are mernbers ol Ihe law fimi Sindair Gibson LLP which was remunerated In accordance
with the term5 of the thaniable Trust Deed £3.102 12023. £3.4201 Indudin9 VAT.
Employees
There were no employees during the year
Creditors.. amounts falling due wrihin on• yèar
2024
2023
other creditors
27 126
25.884
Page 7