REGISTERED CHAIUTY NUMBER: 1194301 Re rt of the Trustees 8Dd Unaudited FiDan£ial Staitnhents for the Year Ended 31 ber 2024 for Mose.Masoe FouThd8tjOD 360 Accountants Limited 18-19 Albion Sireet Hull East Yorkshire HUI 3TG
Most Masoe Foundatio Contetsty of the FillaDcial Staternen15 ror the Year Ended 31 December 2024 Page Reporl of the Trusteeg I to 2 Staternent ol Financial Actlvltles B8l&nce Sheet Notes to the FiTraDcial Statements 5 8 D¢t4Ued Statement ol Flnanclal Actlvltles
Mose Ma50e F undati ort of tht Tru%tee5 ror the I'ur Ended 31 December 2024 The trustees present iheir report wilh the financial statements of the charity for the year ended 31 December 2024. Th¢ trustee5 have adopted the provision5 of Accounting and Reporting by Charities= Statennt of Re¢ommended Practice appliLable t(Tr charities preparing th¢ir accounls in a¢cordanc¢ with the FiDancial Reportithg Standard applicable in the UK Republic of Ireland IFRS 1021 {effeLiive l January 20191. OBJECTIVES ,I.ND ACTIVITIES Objectives and sim5 The Foundation's objecis are to relieve financial hardship anK&ngst curreni and fornier rngby football players anywhere in the world. providin¥ or assisting the provision of equiplnent. facilities and services ¥LOI notmally provided by (he siatutory authorities. Mose Masoe Foundaiion furthers lis objects ihrough grdnis providing or poying for items, services or facilities. Mose Masoe Foundation raises arene&S of spinal injuries arising from Ngby. ACHIEVEMENTS AND PERFoRlAlcE Charitable a¢tii'ities Durin¥ Ilie peii()d the charÉty did not underfake any fundrai51n8 aciiviiies. 1¢ is with reet however. the trustees have deeined this lo be the best roule forward due to dttlining interest and all fu15 have been spent in line willi Ihe Lhaiily's objeclives. The chariiy had no liabilities ai the dale of closure. FILYANCIAL REVIEW RLiserv¢s polley The chariiy doesnot hold reserv¢$ currently due lo limid overhead expenditUTe. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing documcni The charity is controlled by its governing (k)cument. a deed of and ¢onstitut¢s an urtirt¢¢)Tporated charity. REFERENCE AND ADMINISTRATIVE DETAIIS Ri'glstercd Charlty number 1194301 PrlnclpAI address 19 Albion Street Hull East Yorkshire HUI 3TG Tru5tccs MT M Smith Mr A Steele Ms S Holmes Mr P Baxter Mr A Smith Mr M Rush MT K F¢TTiby Mr S Gillis MT W Hauraki Ms S Thompson Mr A Moore Mr R Sopcr MT P Stow Mr S Kenny Page I
Most Masoe Foundation Re ort of the Trustees ftsr the Year Ended 3A De¢embtr 2024 Approved by order of the board of trte£S OD ............................................. aDd signed on its behf by.. Mr M Smith- Trusiee Page 2
se Ma50e FOnd(SO Statttnent of Financial Activities for the Ye•r Ended 31 December 2024 31112124 Unrestricted fund 31112123 Total fimds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 1.800 EXPENDITURE ON Charitable activities Grants paid 7,460 Oiher 2.022 Tot#1 9.482 NET INCOMEIIEXPENDITURE) (7,682) RECONCILIATIOP4 OF FUNDS Total funds brought forward 7,682 TOTAL FUNDS CARIUED FORWARD The noies forn) pan of these fmancial sratements Page 3
Mose MAso¢ FoundatlOD Balance She¢1 31 Deeember 2024 31112124 Unrestricted fuDd Total fijnds Notes NET cuRRE'T ASSETS TOTAL ASSETS LESS CLRRE.NT LIABILITIES NET ASSETS FUNDS TOTAL FUNDS The fin nci latements were approved by the Board of Tn and authorised for issue and were signed on its behalf by: on Mr M Smith- Trustee Th¢ not¢s fonn part of these financial sthIenllts Page 4
Mose M*soe Found4tion 'otes to the Financial Statements lor the leaT Ellded 31 December 21124 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statctnents of the charity, w'hich is a public benefit entity under FRS 102. have been prepar¢d in accordance wilh the Charities SURP {FRS 102) 'Accounting and Reporting by Chanties.. Statement of Rccommvnded Practicc applicable lo charities preparing their accounts in accordan¢¢ with the Financial Reporting Standard applicable in the UK at)d Republic of Ireland (FRS 1021 (effective l January 2019).. Financial Reponing Standard 102 'The Fhnancial Reporting Standard applicable in the UK and Republic of ITeland' and the clwi.ties Act 2011. The fllwicial st3tetnenls have been prepared under ihe hislorical cost conventiotL IneotDe All income is reCOlSed in the Staiemeni of Financial Aciivities once ihe charity ha5 entitlement to the funds. it is prubable ihai the income will be rtteived and the amouni can be measured reliably. Exptndlture Liabiliii¢% aT¢ reco¥nis¢d as expenditure as soon as there is a l¢gal OT constructive obligaiion commitiing the chariiy io thal expenditure. il is probable ihai a iransfer of economic benefiis be required in seiilement and the ainounl of the obligaiion can be measured r¢liably. Expendilure is accounied for on an accruals basi$ and has been classified under headings ihai aggregate all cosl related to (he category. Where eosis cannot be directly atlribuied io panicular headings they have bttn allocaied activiiies on a b&si5 consist¢nt with the use of Tesources. Grants offered subject to condillo% which have not been met al the year end dale are noied as a commilm¢nl but not accrued expendilure. T#xAilon The chariiy is exempi from lax on its chorithble aciiviiie Fund Accountlng Unresiricied funds Can be used in accordance with the chariiable objeclives al the discretion of the trustee$. Restricted fuThts can only be used for panicular resiricied purpose5 within the obje¢ts of th¢ charity. Restric(ions Arise when specified by the donor or whert funds are rnised for particular restricted purposes. Further explanation of the nature and purpos¢ of uch fund is included in the noies to the financial statements. TRUSTEES, REMuf4ERATION Af4D BEYEFITS There were no tTUStee5' remuneration or other beDefits for the year ended 31 December 2024 nor for ihe year ended 31 Deeember 2023. Trustees. expenses There were no tnjstees, eXpese$ paid for the year ended 31 December 2024 nor for the year ended 31 DecembeT 2023. Page 5 continued...
Mose Masoe Foundation rlotes to the FffinaDeil StatemeDts- eontinued for the Year Ended 31 Defember Z024 COMPARATIVES FOR THE STATEMEfT OF FINAIYCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 1,800 EXPEIYDITURE O Charitable 8Ctivities Granis paid 7.460 Oih¢r 2,022 TtstAI 9.482 NET INCOMEIIEXPENDITUREI {7.682) REcof4ciLIATION OF FUIYDS Total funds brought forWd 7.682 TOTAL FUNDS CARIUED FORWARD MOVEMENT IN FUNDS movemeni in funds At 31112124 Ai 111124 TOTAL FUNDS Net movement in funds. included in the above are as follows.. Incoming resource5 Resources expended Movement in funds TOTAL FUNDS Page 6 continued...
M•se.Masoe FondItIO Notes to the FI%¢11 Statements- continued for the Year Ended 3A December 2024 MOVEMEIYT IIY FUNDS- £ODtillued Comparitlves for movement in funds Net movement in funds At 31112123 Ai 111123 Unrestricted funds General fund 7,682 (7.6821 TOTAL FUNDS 7,682 {7.6821 Comparativ¢ nel movemersl in funds, included in the alK)ve are as follows: Incoming resources Resources expended Moveinenl in funds Unrestrleted fund$ General fund 1.800 (9.482) 17.682) TOTAL FUNDS {9.482) (7.6821 A ¢urrent year 12 months and prior year 12 months combined p05ltion 15 45 lollows.. Nei movement in funds Al 31112Q4 Ai 111123 Unr¢$trl¢ted fund$ General fund 7.682 (7.682) TOTAL FUNDS 7.682 (7.682) A CUTTent year 12 nnthS and prior year 12 months combined net movemeni in funds. included in the above are as tollows.. Incoming resources Resources expended Movement in funds Unrestri¢ted funds General fund 1.800 (9,482) (7,6821 TOTAL FUNDS 1,800 (9,482) 17,682) Page 7 eontinued...
Mose.Masoe Foundatio N trf io the Flllaneial Statements- contlllued for the Year Ended Jl Dece 24 RELATED PARTY DISCLOSURES The tnL5tees covered expenditure relatin8 to some chan"tsble activitie5 to enable the Foundation to retsin as many funds as possible. This has been reflected in gifts in kind within the accounts. Page 8
M05e.M#soe Foundati Detiled Statement Df FiDancial Acti%'ilies for the Year Ended 31 De£ember 2024 31112124 31112123 INCOME AND EI¥DOWMEYTS Don#tlon5 and legacies Donated 4er%'iLe% and facilities 1,800 Total incoming r¢sourtes ,800 EXPEP4DITURE Charitable &¢tii'ities Grants lo indLVLduals 7,460 Support tosti Flnn¢e Bank ch8T¥es 222 GovernAnte Costs Aceouniancy and legal fees Total resource5 expended 9,482 Iyet Incomel(expenditurel (7,682) This pag¢ do¢s Dot fonn part of tbe starnry financial siat¢ments Page 9