Trustees’ Annual Report for the period from 01/04/2023 to 31/03/2024
Charity name: MAKARIOS CIO
Charity registration number: 1196867
Table of Contents
| 1. | Objectives and Activities .................................................................................... 1 |
|---|---|
| 2. | Additional information: Policy on grant making ............................................ 1 |
| 3. | Achievements and Performance ....................................................................... 4 |
| 4. | Financial Review .................................................................................................. 5 |
| 5. | Structure, Governance and Management ........................................................ 6 |
| 6. | Reference and Administrative details .............................................................. 6 |
| 7. | Names of the charity trustees who manage the charity ............................... 7 |
| 8. | Declarations ......................................................................................................... 7 |
| 9. | Accounts ............................................................................................................... 8 |
1. Objectives and Activities
| SORP reference |
||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The objects of the CIO are, for the public benefit, to further such exclusively charitable purposes as the charity trustees in their absolute discretion see fit, in particular (but without limiting the foregoing) by making grants to organisations operating in both the United Kingdom and overseas that: (1) benefit children with disabilities and people living in extreme poverty; and (2) advance the Christian faith by providing pastoral care to those in need. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
The main activities are to make grants benefitting children with disabilities and people living in extreme poverty; and advancing the Christian faith by providing pastoral care to those in need. A bank account was opened with Metro Bank on 10 January 2023 from which these grants will be made. For the accounting period until 31/03/2023, donations of GBP 1,314.00 were received. No activities have been launched until 31/03/2023. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission onpublic benefit |
Para 1.18 | The Trustees have used CHARITIES SORP (FRS 102) (second edition – October 2019) as issued by the Charity Commission for England and Wales. |
2. Additional information: Policy on grant making
| SORP reference |
||
|---|---|---|
| Policy on grant making |
Para 1.38 | 1. Purpose 1.1 The purpose of this policy is to set out the principles, criteria and processes that govern how the CIO makes grants in line with its domestic and international priorities. 1.2 A grant is a financial award made by the CIO from its funds to support charitable activities, usually to registered charities or equivalent overseas organisations. 2. Objectives The Trustees will apply the funds of the CIO in accordance with its charitable objectives at clause 3 of the Constitution: “The objects of the CIO are, for the public benefit, to further such exclusively charitable purposes as the charity trustees in their absolute discretion see fit,inparticular(but without limitingthe |
1
| foregoing) by making grants to organisations operating in both the United Kingdom and overseas that: (1) benefit children with disabilities and people living in extreme poverty; and (2) advance the Christian faith by providing pastoral care to those in need.” 3. Governance The Trustees govern the CIO’s grant making by setting: • Grant making principles which ensure that decisions are ultimately made by the CIO’s Trustees; and • Grant making criteria which state the activities the Trustees wish to support in furtherance of the CIO’s objects. 4. Grant Making Principles 4.1 The number of projects which can be supported is, of necessity, limited to the level of funds available for distribution in any year and it is the Trustees’ preference to award fewer grants (typically between 3 and 10) of a higher value rather than many small grants. 4.2 The decision on which charities and organisations are to receive grants is at the discretion of the Trustees and will be decided by a majority vote. 4.3 The lowest amount that a grant will normally be made for is £1,000. 4.4 Public applications for project funding will not be invited for the foreseeable future however any that are received unsolicited may be considered on their own merit at the discretion of the Trustees. 5. Grant Making Criteria In shortlisting the charities and organisations to support, the following criteria will be considered: • Demonstrated track record of effectiveness in meeting its aims. • Financial responsibility. • Avoidance of duplication of charities serving similar needs. • A mixture of national and international charities, organisations or bodies. • Emphasis on charities, organisations or bodies that offer a high degree of visibility on their activities and effective communication with philanthropists / donors. 6. Due Diligence The Trustees will carry out sufficient due diligence on any proposed recipient organisation with the aim of ensuringthat: |
||
|---|---|---|
2
• the identity of the organisation is ascertained; • funds will be applied effectively and efficiently in furtherance of the objects of the CIO; and • funds are not used for money laundering, terrorist finance, bribery or other unlawful purposes. The Trustees will take a risk-based approach to due diligence, with risk factors including: • the country and region in which the project is to be carried out; • the availability of reliable information about the project and the organisation/s and personnel involved in it; • the strength and history of the relationship between the recipient organisation and the CIO; and • the amount of funding requested and the period of time over which the project is to be carried out. 7. Funding Conditions Funding will in all cases be subject to conditions including: • that the funding may only be used for the purposes as agreed by the Trustees when agreeing to provide funding; • that the project will be conducted in accordance with all local applicable laws, regulatory requirements and working practices; • that, in the case of projects involving children or vulnerable adults, suitable safeguarding policies and procedures are in place; • that no material changes will be made to the project unless they have been approved in advance by the Trustees; • that the recipient organisation will provide such written reports as the Trustees may reasonably require in order to satisfy themselves that the funds are being properly applied; • that the recipient organisation will provide reasonable assistance to enable the CIO or its agents to seek assurance that the funds are being properly applied; and • that the recipient organisation holds any unspent funding as a restricted fund and, in the event of it not being required or used for the project within a reasonable timescale, that the unspent funds are returned to the CIO. 8. Amendments The Trustees may vary the terms of this policy from time to time. Policy on social Para 1.38 investment including program related investment
3
Contribution Para 1.38 made by volunteers Other
3. Achievements and Performance
| SORP reference |
||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | 3.1. CAFOD GBP 338.80 This donation contributed to The Catholic Agency for Overseas Development’s (CAFOD) vital fundraising project for fishermen in Liberia, providing them with resources, tools and training to feed their families. It also enabled CAFOD to support women and girls in Rwanda affected by gender-based violence. CAFOD works with local partners and communities across the world - responding to emergencies, promoting long-term development and raising public awareness of the causes of poverty. We work with people of all faiths and none for a safe, sustainable and peaceful world. Neil Roper Fundraising Events CAFOD 3.2. Disability Snow Sport GBP 360.00 I am writing to acknowledge receipt of the £360 donation, on 29th March 2024 from Makarios CIO and to give our sincere thanks for your support. Katie’s story: When Katie first started with DSUK, she was quite fearful and just wanted to watch for a while. Katie has a learning disability along with autism, needed clear short instructions and struggled with her working memory so needed lots of reminders. Katie had her first lesson in Manchester in June 2023 and the feedback from her parents shows how taking part in snow sport helped Katie progress in a short space of time: ”John and Karl were awesome with Katie, I cannot believe how much progress she made in one session - I would have been happy if all she did was get confident moving around on skis on her first lesson but she snow ploughed down the slope within half an hour!” |
4
----- Start of picture text -----
|||
|---|---|
|With further lessons, Katie may soon be ready to go|
|on her first skiing holiday with her parents and|
|siblings, something she previously wasn’t able to|
|do.|
|With your help we will be able to provide more|
|people like Katie with the benefits and thrills of|
|snow sport, an activity she can share and take part|
|in along with her family and friends.|
|Ian Plested|
|Trusts and Fundraising Manager|
|3.3.|Hearts of Joy International GBP|
|397.77 (USD 500.52)|
|Thank you so much for your donation to Hearts of|
|Joy International! We are so grateful! It is because of|
|YOU and your generosity that we are able to make|
|a real difference in the lives of children with Down|
|syndrome around the world! Your donation helps|
|us to continue to save lives and heal little hearts.|
|USD 500.00 provides a care package filled with|
|essential baby supplies to five children for their|
|hospital stay.|
|Thank you for being a part of this life changing|
|work! We appreciate you!|
|Lauren Costabile|
|Founder and Executive Director|
|Hearts of Joy International|
----- End of picture text -----
4. Financial Review
----- Start of picture text -----
||||
|---|---|---|
|Review of the charity’s|Para 1.21|Based on donations that were received in the|
|financial position at the end|previous reporting period (01/12/2021 to|
|of the period|31/03/2023), three grants were made from|
|Makarios CIO’s bank account:|
|4.1.|CAFOD GBP 338.80|
|4.2.|Disability Snow Sport GBP 360.00|
|4.3.|Hearts of Joy International GBP|
|397.77 (USD 500.52)|
|For the accounting period from 01/04/2023 until|
|31/03/2024, donations of GBP 4,800.00 were|
|received.|
----- End of picture text -----
5
| See a copy of MAKARIOS CIO’s accounts attached to this report. |
||
|---|---|---|
| Statement explaining the policy for holding reserves statingwhytheyare held |
Para 1.22 | |
| Amount of reserves held | Para 1.22 | |
| Reasons for holding zero reserves |
Para 1.22 | |
| Details of fund materially in deficit |
Para 1.24 | |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 |
5. Structure, Governance and Management
| Description of charity’s trusts: | ||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | MAKARIOS CIO is a Charitable Incorporated Organisation whose only voting members are charitytrustees. |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | MAKARIOS CIO is based on a ‘Foundation’ model constitution, with appointment of charity trustees being the following: (1) Apart from the first charity trustees, every appointed trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. (2) In selecting individuals for appointment as appointed charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 |
6. Reference and Administrative details
| Charityname | MAKARIOS CIO |
|---|---|
| Other name the charityuses | |
| Registered charitynumber | 1196867 |
6
| Charity’s principal address | 3 Mill Island House Glen Island Taplow SL60BN |
|---|---|
7. Names of the charity trustees who manage the charity
| 1 2 3 4 5 |
Trustee name | Office (if any) | Dates appointed | Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|---|
| Eve Laurence Maria Human |
Trustee | 1 December 2021 | ||
| Simeon Deo Hannes Human |
Trustee | 1 December 2021 | ||
| Benjamin Delon Human |
Trustee | 1 December 2021 | ||
| Delon Hannes Human |
Trustee | 1 December 2021 | ||
| Corlea Johanna Van Heerden Human |
Trustee | 1 December 2021 |
8. Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date |
CJVanHeerdenHuman | |
|---|---|---|
| Corlea Johanna | Van Heerden Human | |
| Authorised official | ||
| 9 December 2024 |
7
- Accounts MAKARIOS CIO LEGAL AND ADMINISTRATIVE INFORMATION Tru8te•8 Mr D H Human Mrs C J Van Heerden Human Mr S D H Hurnan Mr B D Human Mrs E L M Hurnan Charlty ThUmr 11g6867 Prlnclpal addr•88 3 Mill Islan(J Hous8 Glen Isk)nrt TAPLOW SL6 OBN Accountants Ciaulurd H818 LLP CIO Craufurd HalÈ Group Ground Floor. Arena Court Crown Lane MAIDENHEAD SL6 8QZ
MAKARIOS CIO TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Iwu5tee5 present their repc¥t and accounts foi the year ended 31 Maich 2024 The aUnts have been ppared in a¢¢ordan¢e with the accounting p)licies set out in note 1 to the accounts and cornply wth the charity'5 goveming docutnent. the Charities Act 2011. structure, governance and management The chanty wa5 established by a charitable twst deed on 1 DeCernb 2021. The tharity is a Charitable InrA)rporated Organisalion ICIOI whose onty votsng members are chanty knsleos. Th8 charity 15 b858d on 8 'Found8tson' model u)nstitution. wrth appoinlm8nt of charity ttuste8s being th8 following-. 1. Apart frorn th8 ch8tty ttU5l88s. 8very 8ppointed ttust88 rnust b8 8ppoint8d fot a t8ttn of thie8 years by 8 resolulon passed at a pioperfy convened me&ting of the ch811ty trustees 2. In $81eeting Indwiduals for appointm8nt as appointed chatty trust88S. th8 ch8rity truste8S tnust h8ve regard to the skills. knowledge an(J exparience needed f(K tha eftectiva administration or the CIO. Th8 tsustees who s8tV8d dunng th8 y88rw818." Mr D H Human Mrs C J Van Heerden Human MrSDHHuman Mr B D Human Mts E L M Human The charity is a Chatrt8bl8 In(x)tpor8ted Organisation ICE0274071 registered 8t th8 Ch8rity Cornmissn 111g68671 The ttusteos have assessed thg major risks to whh thg ehanty Ls exposo(J. an(J ar& sabsfi8d that systems ale in place to mibgale exposure to Ihe mapr risks. Oblèetlves and a¢tlvttl*s The charity's objects 8re. fc Iho public benefit, to further such charitable purposes as are Èxdusively charilaNo according to the law5 of England a[ Wale5 as the charity ttuslees In their ablUte d15cretK)n see fit. In patbcular (but without Iirniting the foroing) by m8king grants to organisatsons op8r8ting In both th8 Unrt Kingdom and overseas that". 1. Re118ve thiklren th disabilities 8nd p80ple In 8Xtr8m8 povety." and 2. Advance the chri5ts.an farth by ptowding 5t0[al care to Ih05e in need.
MAKARIOS CIO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Govornance The Trustees g)vern the CIO'S grant makiw by selting". Grant making pnnciples which ensure that decisM)ns 8ie ulbrnately mado ty the CIO'S Trustegs". and Grant making criteria which stste the activities the Trustees wish to SUPkM)rt in rurIheran of the CICYS objects. Grant making principles Thè number of projects which can be Support Is, of n&cesgty, limited to the level of funds av8118ble for distribution in any year at¥J il is the Ttuslee5' preference to awaid fewer grants Ilypically LEtween Ihiee and ten) of & high8r value lather than many srnall giants. The decision on which Charits and oigan158tK)ns are to receive grants is at the discretion of the TtU5tee5 and will be decided by a Majority vole. Th8 Iow8St 8rnwnt that 8 giant will n(xmalty be m8de is fof £1.000. Public applications foi project funding wll tK)t be Invrt for the fr>ie5eeable future. How8Vet. any that 8r8 reIVed unsdialed may bè considered on their own mÈnl at tre discretion of the Trustees. Grant making criteria In shortlisting the charil*s and oiganisatKkns to support, Ihe following criteria 11 con%dered." Demonstrated tratk re¢ord of eHe¢liveness in mtIng ils aims. Financial iesponsibilify. Avoidance of dupli(xtson of ch8nts8s serwng sirnilar needs. A tnixture of national and Inlemational charitie5. organisali(Y15 or b(MJie5. Ernph8sis on chants85. oig8nisations or bodies that offei a high degi88 of visibility on th1 8ctivits85 atKI Èffectve tomrnunitation with phi18nthropists I donors Due dlllgence The Tw51ees will Carry out sufficient due diligen any proposed reupient organisats.on with the aim of ensunw". the identity of the (Kganisab"on is asrtained." lunds will applied effectively and efficiently in lurtherance of the objects of tho CIO", and luntJ5 ale not Used f(K rnoney laundering, tel51, biibery 01 other unlawtul purp05e5 The Trustees will tske a risk-based approach lo due diligen, with risk factors induding.. Ihe country and region in which Ihe project Is to be carried out, the availability of reliable infotrnation about the project and the oigani5atK)n15 and pe150nnel involved in Ihe slrenglh and history of relatH)nship between the recipient organisatv)n aThJ the CIO,. and Ihe arnount of funding requested atKJ the peni)d of time over which the project is to b8 camed out. Funding conditions Funding will In all cases be subjeet to eonditions including". that th8 funditvJ m8y onty b8 US8d for th8 WtPOS8s as agr88d by th8 Ttust88s wh8n agr881ng to ptoMd8 funding,. that the project will be conthcted In accordance wth all k)cal applKable lew5. iegul8tory requirernents and working piaellis". Ihat, in the case of pioject5 invclving children vulnerable adult5, Surtable safeguarding PDlioes and pioceduies 818 In plac8." that no material thaeS will be made to the project unless they have been approved in advance by tr Ttustee5." io
MAKARIOS CIO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Funding conditions Icontinuedl Ihal the recipient oiganisation will provide such writton repcrtts as the Trustees may reasonably require in oiderto 5at15fy thernselve5 that the funds are being properly applied". tral the recipient organisabon will piovide ioasonable assistance to onable the CIO its agents to seek a55uiaDce that the fvnds are being proFErty apled". and that thg rgcipient organisatson holds any unspgnt fun(Jiw 8s a r8slrict8d fund and, in th8 8V8nt of It not t)eing required or used for the project within a reasonable timescale, that the unspent funds are tUMed to the CIO. Amendments The Trustees may v8ry the terrns of this policy trom time to ts.me The Iruslees have paid due regard to guidan issued by the Charity Commissi)n in decling what aclivrties the chanty should undertake. Achievoments and performanco The main activibes are to m8k8 grants benefithng ehil(Jren with disabilitses and people Iiwtw in extremo poverty". and advancing the chrisb.an faith by providing pastoral care lo those in need. For the aceountino period unts"1 31 Mar¢h 2023, ¢onath)ns of GBP 1,314 were re¢eNed. No actsvit$ were launched until attei 31 Maich 2023. For the accounting peri until 31 Maich 2024. donalK)n5 of GBP 4.804 00 were reived. Donations tolalling GBP 1.097 were paid. GBP 360 w85 Paid to Disat>ility Snow Sport, GBP 339 was pa1d to The Catholic Agency for Oversea5 Developtnent and GBP 398 (USD 5011 was paid to Hearts of Joy Inlemational. Financial review A nk account wa5 opened bwth Metro Bank on 10 January 2023 which grant5 wll be tnade For the accOuntg peiK)d unb"131 March 2023. donats.ons of GBP 1.314 were ieceived arNJ grants weie tnade. For the accounbtyj perK)d unb"131 Maich 2024. donabons of GBP 4.800 weie received and grants of GBP 1.097 were made. As the a¢¢ounls have been prepared on a re¢eipls and payment bags tsx recoverable in rdalKJn to donats.ons received under GittAid 81e recognised on the date of receipt. li
MAKARIOS CIO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 statement of trustees. rvdponsibilities The ttustees are responsible for preparing the Ttustees, Report and the accounts in accoidance with applicable law and United Kingdom Accounting Standards Iunited KIngdn GenerallyAecepted Accounting Ptacticel. The18w applicable to chantses In EnglatKI and Wales requires the tnjstees to ptepare accounts for each financial year which give a true and lair viekv of the slate of affairs of the charity and of the incoming resources aThJ applicatK)n of r8sourc85 of the ch8nty foi th8ty88r. I prepanng these accwnts. the trustee5 are iequiied to." - select Suitable accounting wlicies and then thetn conystenuy". - rnake juthJernents and e5titnate5 that are reasonable and ptudent." slate whether applitable atcountsng standards have been followed, subject to Material departures disdosed 8nd explained in th8 acc[$." and prepare the accounts on the wing concem basi5 unless It 15 inappropriate to pie5ume that the cheiity wll eonlnue In operation. The trust88s ale iesponsibl8 f( k88ping suffici8nt ac(x)unb'ThJ r8u)Ids that disclos8 wth reasonabl8 accuiacy at any bme the financial position of the Charity and enable them to ensu that the a¢¢ounls comply wlh Ihe Chairties Act 2011. the Chaity IAccounts and Reports) Regulabons 2008 and the provisions of the ttU5t deed They are also responsible for safeguarding the 85sels of the charity and hence lor taking reasonable steps for the prevention and detectioN of fraud and othei ittegul8ribes. On behalf of Ihe boatd of trustees Mr8 C J Van Heordon Human Trustee Dated. 30 December 2024 12
MAKARIOS CIO ACCOUNTANTS. REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED ACCOUNTS OF MAKARIOS CIO FOR THE YEAR ENDED 31 MARCH 2024 In ordei to assist you to fulfil your dutie5 under the Charities Act 2011. we have prepared for your approv81 the accounts of Mak8tios CIO for tre year ended 31 Marth 2024, set out on pages O to 9 from ehanws accounting record5 and fr(Kn infortTralion ancl explanation5 you have given u5. As a practising memter fimi of the Institute of Chartered Accountsnls in England and Wales, we are subject to its ethical and Oth81 piof8ssion8118quiietnent5 which 818 d8t8iled 8t Icaew.cotrVr8gu18tK)ns. This report IS rn8d8 to the chanty's 8s a body. in accordan( th8 t8mis of our 8ngag8rnent letter dat8d 8 January 2024. Our work has been undertaken solely lo prepare for your approval the a¢¢ounls of Makar$ CIO and state those matters that we hav8 agreed to state to the ehairtls 85 a body. In this report In accordance with AAF Y10 as detailed al icaeW.¢oml¢omI8ty"0n To the fullest extent pem)itted by law, we do not 8¢¢epl or assurne responsibilrty to anyone other than Mak8ri0s CIO and the charS trustees as a body. for ourwotk 01 fot this ratKKt. It Is your duty to ensure that the charity has kept adoquate accounting ieeords to prepare accounts that givo a 8tKJ fair view under Ihe Ch8tities Act 2011. You con5idei that Ihe chanfy is exetnpt frorn the statutory audrt requirement for Iho ye8r, arKJ Ls not raquirad to obtain 8n Indepefi(Jent ex8min8fs retK)rt. We have not been instructed lo tarry out an au¢Jit or a review of the accounts. For this re8son, we have not vertfied the accuiacy OT completeness of the 8ccounb.ng records or Infottnatson and explanations have gwen to us and we do Th)t, theref(Ke. express 8ny opinion on the ac(x)unts Craufvrd Hal• LLP Accountant5 CIO Ciauftjid Hale Group Ground Floor. hen8 Court Crown Lane MDENHEAD SL6 80Z Date(J." 30 Dacembet 2024 13
MAKARIOS CIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrfct funds Totsl 2024 Total 2023 Not88 Incornin resources from Donatsons and legacie5 oth incomirwj resour& neraled funds 4,800 4,800 1.314 Totsl incoming re50urees 5.138 5,13B 1.314 Resourceg ex nded Ch4rltsble a¢tlvltleg Grants paid 1,097 1,097 Govemance o)sts 1,331 Total ro8our¢•s oxpondod 2,428 2A28 Net incom• for th• yearl Net movement in funds 2,710 2,710 1.314 FU balanS at 1 Awl 2023 1,314 1,314 Fund balhnceg At 31 March 2024 4,024 4.024 1,314 14
MAKARIOS CIO BALANCE SHEET AS A T 31 MARCH 2024 2024 2023 Current osset¥ Cash at bank and in h8nd 4.024 1.314 Total assets le88 current liabilities 4.024 1.314 Income fund8 Unrestricted funds 4,024 1,314 4,024 1,314 The account5 were approved by Ihe Trustee5 on 30 Decetnber 2024 Mis C J Van H88rden Hutn8n Trust•0 15
MAKARIOS CIO NOTES TO THE ACCOUNTS FOR ThIE YEAR ENDED 31 MARCH 2024 Accounting polici•8 1.1 Basis of preparation The accounts have b88n pr8paied on a r8c8ipts 8nd p8ym8nts basis und8rth8 historical cost c0nV8nti( Th8 8ccounts h8v8 b88n pr8paied in ac(X)rd88 Wlth 8pplicab18 acu)unb'w standaids 1.2 Incomlng resources All it01ng resources w818 unrestricted and 8r8 regniSed on a ieceipts b8SIS. 1.3 Income funds All lunds ale unrèstrictod and are representad by tho rAsh at bank balance Donatlons and levacles 2024 2023 Donations and gift5 4,800 1.314 other incomino resourcvJ 2024 2023 Other Incom8 338 Total r080urces oxpendod Other Costs Grant lundlng Total 2024 Total 2023 Charltable acvvltles Grants Grant lunding of aetsvibas 1,097 1,097 Govemance costs 1,331 1,331 1,331 1,097 2,428 Governance cosls includes payrnonts to the accountants of £1,32012023." £0) for accountancy fees. 16
MAKARIOS CIO NOTES TO THE ACCOUNTS {CONTINUED} FOR ThIE YEAR ENDED 31 MARCH 2024 Grants payable 2024 2023 Grants paid 1,097 Trustees None of the trustees Ioi any p8[5(5 conn8Cted thernl 18c8N8d 8ny ietnuneration or ieimbursed expenses during the year. Ilded in donath)ns is £4,80012023- £1,314) recetved from the eharws trustees. Ernployees There were no ernployees dunng the yeai. 17