Ch4rfty R8gl8tratlon No. 1194168 MONSTER ENERGY CARES EMEA ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
MONSTER ENERGY CARES EMEA LEGAL ANO ADMINISTRATIVE INFORMATION Tru$tsoS MrG Pcag Mr J A g8nmll¢ud Mrs K L Colllns Mr R C Sacks Mr H H Sthlosberg Mr N Shlrfey cha number 1194168 Ghartty Addre Monster House 7 High Street Cowley Buslness Paik Uxbrldge Mlddlesex U88 2AD Independent examiner Ward Wrfllarns U¢ted Pay Lodg8 36 Haref18kl Road Uxbrtdge Mlddlesex UB8 1PH
MONSTER ENERGY CARES EMEA CONTENTS Page Tru8tses' report Independant examlneRs report 8tatemefil of finandal actNibe5 Slaiem8nt of fina181 position Noles to the finanual stalents
MONSTER ENERGY CARES EMEA TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Tru8tee8 present Ihelr report and fingnuul statements faf tho year ended 31 DecEmber 2023. The ffnanclal slatem8nt5 have been prepared In accordance with Ihe accounbng Pole$ sel out in note 1 to the flnencial slatements and compty wilh the charivs governing dowmenl, the Charilies Act 2011 and 'Accounting and Repotllng by Charities.. Statement of Rernmended Practlce appllcable lo chadtles preparing thelr accounts In accordanr2 wlh the Financlal Reporting Standard appllcable In the UK and Republ* of IreFand IFRS 1021" Ipublished Oclober 20191. Obl¢¢tlve8 and a¢tlvltie5 The chartty's object5 are for such ¢h8rilable purp08e as Ihe trustees fft. Indudlng but nol exdusAI81y'. The rellef of fln8ncLg1 hardshtp. elther generalty of Individually. of athletes, Ihe armed force8, the polkE, flre and rascue seNl¢es OT ambulon¢e servir£s, and the5r famlll8s foHowlng dealh or Snlury by rrwklng grants ol money for providlng or paying for Items. setvices orf8dlllles. The &J¥ancernent of educ8ti0Th to pfomote188rnlng arid Illera for Ihe public benefiL The advancement of health and 5avlng Ilves for the public benefit. Th8 charfty was sel up by tha Monster Beverage C¢xporatlon. AS a lavge. Intemadonal company, vlth a slrong presence In the UK. Monster Energy belleve$ il 1$ thelr responsibility to support the communthe8 in whlth they operate, and this sUPPOrt in Ihe UK ar wlder EMEA region15 managad via the charfty. The support of the charfty Includes glving gTants to other ch8ritablE organlsations and matching Monster Energy drinks employees donation$ lo charitable organisat18 that the Trustees deem to be accordano vmlh the Monstar Energy Cares Charitab objec114S above. The Trustee8 conflmi that they h8ve referred to the guldence contalned kn the Charty Commi$$4on'3 general guidance on publlc benefrt when reviewng the charty's aims and oblectfves and in planning lulu actNiles. Achievements p8rfornanee During the year the charity recelved grants totalling £17S,Th)O from Monster Energy Europe Ltd, an a8sod8ted compary fftgistered In England & WB18S. The chartty was able to award grants durkng tho year totalling É60.Q¢J) 1£52.1871 in rel00 to Ihe Turkèy earthquake appeal & UNICEF, lo asslst both organl$atlons wlth Ihelr charttabte actlvllle$. In addition. the charity awarded a grant during Ihe year of £175,000 to The Invlctus Game8. to assl8t wlh Ihelf challtable actSvilles too. Finon¢l•l revl8W Donatlon$ wara reCed durlng th8 year totsllkng £175,000 12022: £270,553), wtth expenditure Incurred of £229,316 12022.. £98,222). Th1$ Induded grants awgrded of £234,883 (2022.. £99,774). ballk charges of £131 (2022.. £nill an¢ accounlancy fees of £1,140 12022.. £1,140). with the expendftuie increased by a loss on èxchange in the year of £3,16212022: £2,882 profil on oxd)angewas madel. The charity rn4(le a deficil foi the fln8naal year of £e4,316, whlch when offset 8g8WlSt the brought foN4rd resetves ot the tharity, leaves £108,015 whlch will be carried foN4ard and utmlsed by the charity agalnst future grants awarded. Glven the nature of the ¢hartty the TtU5tee$ do not Consider il nec8ssary to hold a minimum reseNes level or have a set seNe8 policy. Donatl¢ns received from the Monster Energy group ar8 spent on Gharilable aclwrtles however Ihe Trust8es deem appropriate, and Ihe charity has m5nlml admlnl¥trafjon costs due to its nsture and support from the Monster Energy group. The Trustees have assessed the mglor rf8kJ towhlch the ¢harlty18 exposed, and are satisfied that System8 are in plw ta mitigate exposure lo the major risks.
MONSTER ENERGY CARES EMEA TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Slruclure, govern4nce and management The thaty was registered wth the Charfty Commlsslon on 21 Aprfl 2021 Icharity Nurnber 11S41e81 as Charftable InCOor81ed Organi5atlon ICIOI. The ch8rity Is govemed hy St8 govemlng documBnt. The Tnjstees who JeNed durfng th8 yegr and up to th8 date of slonalure ofthe finandal ststement5 wore.. Mr G P Carting MrJ A Benmlb)ud Mrs K L Colllns Mr R C Sacks Mr H H 8ch108berg Mr N Shldey The Twstee$' reportwas appn)ved by the Board of Tw6lee$. Mr N Shlrt•y Trustee Dated.. 23 Juty 2024
MONSTER ENERGY CARES EMEA INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MONSTER ENERGY CARES EMEA I repori b the Trustees on rny ex8min8tion ol Ihe finand81 $tatem¢nts of Monster En8tgy Cares EMEA Ilhe th8rtyl foithe year 8nded 310ecemb4r 2023. Re8pon8lbllS1ie$ and basis of report AS the Trustees ol the charity you are respon81Ne for the prepafallon of thtr fflnanci815tsternents in accoril8nce wtth the requlrements of the Charitie5 Ad 2011 Ithe 2011 Act). I report in respect of my examinallon of the charity's financlal statements rarriad out under section 145 of the 2011 A¢1. In carying out my examination I have folled all lh8 applicable Dlre¢lion8 given by the Charlty Commisslon under sectkJn 14515llbl of the 2011 Act. Independent •XaMInaS statement I have completed my examinallon. I conflrrn that no matters have come to my attentton in connection wkh the examination glvlng me cause tts belrdve Ihat1n any materfal respect.. accounllng records were not k8Pt respect of the charfty a$ raqulred by sedion 130 of Ihe 2011 Aet., or the finandal statements do not 8ccofd with Ihose records,. or th6 flnanclal statements do not rnplY th th8 appllcable requirements concemlng th8 form and eontent of accounts sel out in the Charitles (Accounts and Reports) Regulat4ons 2008 other than 8ny requlrement Ihat the aCUnIS give a tsue and fair view which is not a matter con$ldered as part of an Independent examlnallon. I have no con¢em8 and have come a¢Ms8 no ather matter¥ In connedon wlth tho examlnation lo whlch attentlon should be drawn In th18 report kn order to enal)IE a pfoFer underslandlng of the lln8ndal statements to be reached. Frdnk Halng ACCA Word Wlllams Ltmlted Bay Lodge 36 Hafield Road Uxbridge Middlesex U881PH Datad....ai.l.oil.kw .
MONSTER ENERGY CARES EMEA STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Notes Donatknns and kgades 175,000 270,553 endlture on= Charitable activitie3 239.316 98,222 N¢t18xpendlturoylrbcoma lor th• yéarl Net movernent In funds ie4,3161 172,231 Fund b8L8nces at 1 January 2023 172.331 Fund balances Ot 31 December 2023 108,015 172,331 The slatement of finandal aGIrtIeS Sndud88 all galn8 and lo$ses recognlsed in the ye8r. Al incorne and expendtture derfva from contlnulThJ actlvthe6.
MONSTER ENERGY CARES EMEA STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2023 2Q23 2022 Notss Current assets Cash 8¢ bank and hand 109.155 173,471 Gurrent118bllltlos 11,1401 11.1401 Nel current assels 108,015 172.331 Income fund8 Unreslrfcted funds 108,015 172,331 108,015 172.331 The finandal $latement$ were 8pproved by the Trustees on 23 July 2024. Mr N ShlrfBy
MONSTER ENERGY CARES EMEA NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 DECEM8ER 2023 Accountlng pollcle8 Charfty Inforniatlon onster Energy Cares EMEA18 a tharitable Incorporated organlsatlon (CIO) whlch was regkstered on 21 Aprfl 2021. The CharfV5 registratlon nurnber Ss 1194168. 1.1 AccountlMO conventlon The financlal statenEnts have baen prepared In accotdavce with the charty's Igovemlng documenll, the Chariles Act 2011 and "AccountSng and R8POrtlng by Charftle$'. Slatement of Re¢DMm8nded Pract1¢8 appllcable to charftl83 prepang their accounts in attardan wHh the Flnanclal Raportlng Standard 8pplicable In the UK alld Republlc of Iieland IFRS 1021. Ipubllshed in October 20191. The Charity a Publ Benetht Entity 85 defined by FRS 102. The charity hes t8k8n sdvanlage of Ihe proulslDns in the SORP for charilies apptying FRS 102 Update Bullet 1 not to prepare a Slatem8nt of Cash Fltws. The fln8nclal slalements ar8 PTepgied In sterfing. which i8 the fvnGtlonal Currenq of the charlty. Monelary amounts in these finanal statsments ara rounded lo the nearest £. The flnanclal statsmenls have been prepared under th8 historfeal cost conventSon. Th8 prfndpal accounlng policies adopled ar8 set out below. 1.2 Golng concom At Ihe tirne ol approving Ihe flnanrial slalements, Ihe Trustees have 8 re8$0nabt8 exp8Ctallon that the charity has adequate r850urces to continu8 in operational exlstenc8 frir the fores88abk ffijtU. Thus the Ttuslee$ cnntinue lo adopt the going concem ba8ls of aecountlng preparing Ihe finèndal $tatements. la Chadtabl¢ fund6 Unre51rfcted fiJnd5 a available for use al the discretlon of the Tr¥Jstees In fUrtranGe of their charitable oble¢tsv88 unless the frjnds have boen designated for ttther purposes. 1.4 Incomlng r¢$ource8 Inrne is re¢ognl88d when the ch8rity i¥ legalty entM8d to St after any p8rf0mlan ¢ondltv)ns have bean met. the amounts n be measured relrdbty, and it 15 Probab Ihat income be rac8ived. Cash donatl¢Jns are recognised on recelpt. other donallons gre recognl8ed once the charity has be8n notifled of the donatlon. unles5 perfonnance condllions requi deferr81 of the amount. Incotne tsx recoverable In relation to donat&Ms re¢1Ved under GIftAld or deed$ of wvenanl is recognised at the bm8 of the donath)n. 1.5 sOUrceS ¢xp¢nd8d All expenditure Is acunted for on an accTuals ba818 and has been das$ified under headings that aggregate 811 costs relallng to each parfl¢ul8r category. Ihhefe costs cannot be dIdY 8ttribuled to a partlcular he8dlng they are alloc8ted lo adivities on a ba818 cons15tenl wtth the use of those resources. Govemanc8 Costs Incljde Ihose costs a$Ciated wlth meeting the constitutlDnal and statutory requlrements of the Charity. 1.6 Cash and cash èqulvalents C£sh cash equkvalents indud• cash In h8nd. deposits held at call 1h banks. otl)8r short48rm liquld vestmen18 With ortlnal matuwltks of thraa month$ or less, afid bonk overdrafts. Bank ¢Nerdralts ar8 shown within borrowing8 in current Ilabllit*8.
MONSTER ENERGY CARES EMEA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 A¢¢ountlng pollGle* IContlnu¢dl 1.7 Flnanclal Instruments The charity has elected lo appty th8 provk8w)n$ of Section 11 'Basic Finanual Insirumenls, and Seclon 12 'Other Finan¢lal In8trurnents Issues. of FRS 102 to all of Its flnandal Instwments. Flnanci81 instruments are iecognlsed in the ¢harWs balance $heet when the charity becomes party te the contraciual provlsh)ns of the Instrumerrt. Finand818ssets and liabilllie5 are Offset, the net anunt8 presented In the finandal $t8¢ements, when there is a legalty enforcaable right to set off the recogni5ed amounts and ther8 is an inlenlion lo settle 8 n8t b8sls orto reallse Iha asset and settle th8 liabillty slmuV(aneousty. Bask Ilnan¢lo18ss•ts Basic fInada1 assets. which Indude debtors and cash and b8nk bances, are rnea8ur at trdnsactlon prtee indudlng tTansaction costs. Basic fln8nci81 Ilabllftles B8s4e flnanclal118bllltks, Includlng credllors are legnIsed at tron8action prke. Dere¢ognlrfon of Ilnaneial 11obllltles Fin8nclal liabilities are derecognSsed when Ihe contradllal obfpJatron8 expire or a discharged or c8n¢glled. Don•tlons and legaclas 2023 2022 OonatSons 8nd glfts 175,WO 270,SS3 Donatlon8 and glft¥ Monster ETr8rgy Europe Ltd 175,orKJ 270,553 175.000 270.553
MONSTER ENERGY CARES EMEA NOTES TO THE FINANCIAL STATEMENTS (cofvrriNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Charltablo •¢tlvltles 2023 2022 Gr8nt fvndirYJ of adivitieslsee note 41 234,883 99,774 Share of support cost$ (see nots 51 Share ol gov8mance costs15ee note 51 3,293 1,140 P,6921 1.140 239,316 98,222 Analysls by fund Unrastrtcted funds 239,318 239,316 Unrestrtcted fvnd$ 98,222 For tho yearended 31 Dembar 2022 98,222 Grdnts pay•l>lg 2023 2022 Grants lo insl¢tutions'. The Brftlsh Red Cross- Ukralne Irvldus Game$ Tuthey Earthquake Reltef The UK Commlttee for UN other8 < £S.000 99.774 175,000 43,490 8,897 7,696 234,883 99.774
MONSTER ENERGY CARES EMEA NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 support ¢osts Support Govornanc• Costs ¢o$ts 2023 2022 8a818 of allorAtion Exchonge Loss881lgainsl Pank thwge8 3,162 131 3,162 131 (2,6W21 Support Support Accountancy 1,140 1,140 1,140 Govemane 3,293 1.140 4.433 11,5521 An8tys8d behveen GhantatrAe acll¥llle8 3,293 1.140 4,433 11,5521 Govem2nce G05ts InCldeS payments 01 £1,140 {2022- £1.1401 for fee8 payabla to th8 independent examlner. None ol the Tru8t8es lor any persons conngcted wilh them) received any mUneratiOn or beneffi8 trom the charity during the year. Employees Theru were no employees durfng Ihe year. Ftnan¢lal In8lrum8nl8 2Q23 2022 Carrylng amount of flnanclal Ilabllltles Measured at amortis8d cost 1,140 1,140 Currant Ilabllltlao 2023 2022 A¢crua13 and deferred Incomg 1.140 1.140 10 Related party transactlon8 As noted in the TTU$tees feport, the Incorne of Ihe charity wholly derbved frorn don8tson$ Teceived from Monster Enefgy Europe Ltd. an a$sociatsd company registered In England and wes. There were na other dfjsclosable relatsd patty Iran3actions dumg the year12022- no1.