2024-03-31-accounts - MCS Foundation

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Trustees' Annual Report for the period

Period start date Period end date 1[st] Aril 2023 31[st] March 2024

From

Section A Reference and administration details

Charity name Other names charity is known by Registered charity number (if any) 1189096

MCS Foundation

Charity's principal address 2 Pembroke Gate Maidenhead Postcode SL6 4LL UK

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Name of person (or body) entitled to appoint trustee (ifany)
	Trustee	Richard van der Knaap
	Trustee	CherryBach
	Trustee	Guyvan der Knaap
	Trustee	Mona van der Knaap
	Trustee	Miriam van der Knaap

Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name	Dates acted if not for wholeyear
None

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)
Type of adviser Name Address
None

Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Constitution Type of governing document (eg. trust deed, constitution) CIO How the charity is constituted (eg. trust, association, company) Appointed by Richard van der Knaap and Cherry Bach Trustee selection methods

(eg. appointed by, elected by)

Additional governance issues (Optional information)

The MCS Foundation is funded by Richard van der Knaap and/or MCS You may choose to include Rental Software Ltd (a UK company) additional information, where relevant, about: Richard is the major shareholder of MCS Rental Software ltd and has • policies and procedures committed to pay 10% of profits after corporation to the Foundation adopted for the induction and In the year under review the foundation funded 6 charities that support training of trustees; underprivileged and disadvantaged children. These charities are based in • the charity’s organisational the UK, Australia and South African. structure and any wider network with which the charity There are no costs/expenses paid by the charity works; • relationship with any related parties; • trustees’ consideration of major risks and the system and procedures to manage them.

Section C Objectives and activities

Summary of the objects of the charity set out in its governing document

The object of the CIO is: To provide grants and donations for such charitable purposes, for the public benefit, that are exclusively charitable according to the laws of England and Wales as the trustees may from time to time determine. Nothing in this constitution shall authorise an application of the property of the CIO for the purposes which are not charitable in accordance with [section 7 of the Charities and Trustee Investment (Scotland) Act 2005] and [section 2 of the Charities Act (Northern Ireland) 2008] Information taken from the website which summarises the goals and aims of the MCS Foundation:

Who are we, and what do we do?

The aim of the MCS Foundation is to support disadvantaged and underprivileged children, as well as supporting their ability to access equal learning opportunities.

Our Mission

Our core mission is to provide financial assistance to organisations, or charities, which are committed to working with disadvantaged and underprivileged children and young people, with the aim of improving their learning opportunities. This also includes financial support to provide for a child or young person’s emotional and physical wellbeing to be addressed.

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

By collaborating with and financially supporting charities that work with disadvantaged and underprivileged children, we aim to break down barriers that limit their access to equal life opportunities. Our focus is on providing positive educational experiences that empower these children to reach their full potential.

Our Vision

Our vision is that children and young people can access opportunities that contribute to their learning and growth, and that enable them to thrive and succeed in life.

Empowering each child or young person we support to reach their full potential emphasizes our belief that every child deserves the chance to fulfil their dreams and aspirations through learning and knowledge.

Goals & Objectives

Enhance the existing learning opportunities for children and young people from disadvantaged or underprivileged backgrounds.
Encourage a culture of learning and skill development among children and young people through increasing accessibility to educational opportunities.
Collaborate with organisations and charities to provide or create initiatives which increase a child or young person’s ability to learn.
Provide financial donations to charities or not-for-profit organisations that work with children and young people from disadvantaged or underprivileged backgrounds, with a particular focus on supporting their learning.
Through these donations support the not-for-profit organisations or charities to fund development of technology, infrastructure,

educational materials or provide financial assistance to children or young people which would enhance their ability to learn and study.

Additional details of objectives and activities (Optional information)

Charities are chosen carefully by the trustees of the MCS Foundation for their low overheads and which direct only a minimum of the donation money they receive towards operational and fundraising costs. This takes time and due diligence to pick the best charity which suits the aims and goals of the foundation which is to support underprivileged and disadvantaged children.

You may choose to include further statements, where relevant, about:

policy on grantmaking;
policy programme related investment;
contribution made by volunteers.

In this budget year, 2023 – 2024, all the six charities which were provided a donation had been previously gifted a donation by the MCS Foundation. We have good and consistent communication with all these charities and receive positive feedback about the impact that this has on their ability to provide support and care to the disadvantaged and underprivileged children that they serve.

MCS Foundation does not have any external volunteers, however the five trustees are not paid for the work that they provide to the MCS Foundation.

Section D Achievements and performance

Summary of the main achievements of the charity during the year

Ongoing financial commitment to six charities in three different countries; United Kingdom, Australia and South Africa. Providing financial support to the same charities has meant that these charities can rely on financial consistency from the MCS Foundation, which is important for their planning and for the ongoing care provided to the children and families they support.

The MCS Foundation has effective communication with all the charities it donates to. The MCS Foundation also receives regular updates from the charities about the impact that the financial support is providing for the children and families they work with.

The MCS Foundation will continue to support these charities moving forward and is also looking for further charities that it can donate to. Charities are currently being explored in the countries that MCS Rental Software operates in and charities in France and America are being considered.

Section E Financial review

The Charity has no reserves. Just the current bank balance Brief statement of the charity’s policy on reserves

Details of any funds materially in deficit

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

the charity’s principal sources of funds (including any fundraising);
how expenditure has supported the key objectives of the charity;
investment policy and objectives including any ethical investment policy adopted.

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Cherry Bach Position (eg Secretary, Chair, Trustee / Charity Co-ordinator etc) Date 13 September 2024

	MCS Foundation	MCS Foundation	MCS Foundation	MCS Foundation	CC16a
	For the period from	Period start date 4/1/2023	To

Section A Receipts and payments
to the nearest £ A1 Receipts 120,000 bank interest and amazon charity 241 - - - - - - 120,241 - - Sub total- Total receipts 120,241 A3 Payments Columba charitySouth Afirca 12,685 Friends of Alex Charity 14,918 Olesereprimaryschool - Kenya - Steward house charityAustralia 10,365 Home Start charityUK 22,000 First days charityUK 11,000 Link foundation charityUK 12,000 Bank charges 60 total donations - - - Sub total 83,028 - - Sub total - Total payments 83,028 Net of receipts/(payments) 37,212 A5 Transfers between funds - A6 Cash funds last year end 32,748 Cash funds this year end 69,960 Unrestricted funds payment from MCS Rental software to charity Sub total(Gross income for AR) A2 Asset and investment sales, (see table). A4 Asset and investment purchases, (see table)		Restricted funds to the nearest £	to the nearest £ Endowment funds	Total funds to the nearest £	Last year to the nearest £
		- - - - - - - - -	- - - - - - - - -	120,000 241 - - - - - - 120,241	90,000
					97
					-
					-
					-
					-
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					90,097

		- - -	- - -	- - -
					-
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				120,241
		-	-		90,097

		- - - - - - - - -	- - - - - - - - -	12,685 14,918 10,365 22,000 11,000 12,000 60 - - - 83,028	10,799
					14,696
					2,550
					11,040
					-
					12,000
					12,000
					72

					-
					-
					63,158

		- - -	- - -	- - -

					-

		-	-	83,028	63,158

		- - - -	- - - -	37,212 - 32,748 69,960	26,939
					-
					5,809
					32,748

Section B Statement of assets and liabilities at the end of the period

Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B5 Liabilities B4 Assets retained for the charity’s own use Signed by one or two trustees on behalf of all the trustees	Details bank balance Details Details Details Details Signature Total cash funds (agree balances with receipts and payments account(s))	Restricted funds to nearest £ to nearest £ 69,960 - - - - - 69,960 - OK OK Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Cost (optional) - - - - - Cost (optional) - - - - - - - - - - - - - - Print Name Unrestricted funds Unrestricted funds Fund to which asset belongs Fund to which asset belongs Fund to which liability relates Amount due (optional)	to nearest £ Endowment funds
			-
			-
			-
			-
			OK
			to nearest £ Endowment funds
			-
			-
			-
			-
			-
			-
			Current value (optional)
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			Current value (optional)
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			When due (optional)






			Date of approval

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Exarniner s Report (If any) I rewt to the trustees cm my Onina11 of the accounts of the aLM)ve charity (Ihe Tr frjr the >ar erKled l)ul$ ol veport rtt A). under 145 crf Ihe 2011 Act in cryllyJ wt my eXnInakn. I under 8eclKm 145(5Mb) (rf the Ax gxaminofs ststwnwrt urthrte the exan1tTh bwg a qualifi&J member crf fH)sert name of I have my exaninatKm. l that rMterial matters have come to my attentM)n in conr1 1th the examirth (other than that disck)wJ bel"> gi¥s me ca*e to believe that in. any material the a¢cx)unts dmj not ctywy with the applicable requirwrHts (Accounts and Re[ts) RegulatM)ns 2(M)8 rAher Ihan any requirement with the exarnKokn to attention Shlj ts d[In in this report in 8lgnod: IER Oct 2018

y): Section B Disclosure guNJ for exwniners). Glve horo brl8f dotalls oxamlnor whh•• tt• IER Oct 2018