# **Trustees’ Annual Report for the period from 01/04/2024 to 31/03/2025** ## **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_**| |**_10._**|**_Appendices ........................................................................................................... 9_**| ## 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 are made.
For the accounting period 1 April 2024 until
31/03/2025, donations of GBP 5 080.00 were
received. Three projects received financial support
duringthisperiod,totallingGBP 2 750.00.| |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 ensuring that:
•
the identity of the organisation is ascertained;
•
funds will be applied effectively and efficiently in furtherance
of the objects of the CIO;and| |---|---|---| 2 |||•
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 mayvarythe terms of thispolicyfrom time to time.| |---|---|---| |Policy on social
investment
including
program
related
investment|Para 1.38|| |Contribution
made by
volunteers|Para 1.38|| |Other||| 3 ## 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.**
**Disability Snow Sport GBP 1 000.00**
Makarios CIO received an e-mail from Kelly Railton:
“I thought you might like to see a film which
demonstrates the impact of your support. We
recently won Paralympics GB's Every Body Moves
Club of the month (then amazingly Club of the
Year) and this film was created with them - it really
does show what a difference your support for our
adaptive snowsport activity
makes:https://youtu.be/EIbiR5agRLY “
Kelly.Railton@disabilitysnowsport.org.uk
**3.2.**
**Growing Hope - GBP 1 000.00**
**See full report attached in Appendices.**
Makarios CIO received a note from Growing Hope’s
Fundraising Manager:
“I am writing to thank you for recent match
payment of GBP 1,000.00 to Growing Hope. Your
kind gift will help us to continue to bring hope to
children with additional needs and their families
across the UK.
Our vision is to set up 20 free therapy clinics by
2030 in partnership with local churches across the
UK. We, at Growing Hope, are encouraged by all
that we’ve been able to achieve in the past seven
years in providing free therapy to thousands of
children and young people with additional needs in
partnership with local churches across the UK. We
now have five local charities - in King’s Cross,
Brockley, High Wycombe, Maidstone and
Redbridge.”
Becki Hurdle
Fundraising Manager: Growing Hope
Becko.hurdle@growinghope.org.uk
Growing Hope
390 Caledonian Road
London, N1 1DN
+44 7564910392
**3.3.**
**Sabba Movement – GBP 750.00**
**See full report attached in Appendices.**| 4 Makarios CIO received a note from Managing Director, Julian Mouers: “I am writing to extend our heartfelt gratitude for your generous donation of seven hundred and fifty pounds on January 31st, 2025. The Sabba Movement for Change is profoundly grateful for your support. Your contribution has been instrumental in our investment in an online learning platform, aimed at providing affordable educational opportunities for disadvantaged individuals in rural communities across South Africa and beyond. This platform, Sabba College, will not only serve as another social enterprise in our stable but also generate income for our non-profit endeavours. These efforts focus on assisting impoverished communities to grow their own food, acquire new skills, create income streams, and ignite the local micro economies in these communities.” … Julian Mouers Managing Director: Sabba Movement change@sabbamovement.org +27 61 531 5296 **4.4. TIROP ANGELS TRUST – GBP 500.00 See full report attached in Appendices.** ## 4. Financial Review |Review of the charity’s
financial position at the end
of the period|Para 1.21|Based on donations that were received in previous
reporting periods, four grants were made from
Makarios CIO’s bank account:
**4.1.**
**Disability Snow Sport GBP 1 000.00**
**4.2.**
**Growing Hope GBP 1 000.00**
**4.3.**
**SABBA Movement GBP 750.00**
**4.4.**
**TIROP Angels Trust GBP 500.00**
For the accounting period from 01/04/2024 until
31/03/20245 donations of GBP 5 080.00 were
received.
**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|| 5 Details of fund materially in Para 1.24 deficit Explanation of any Para 1.23 uncertainties about the charity continuing as a going concern ## 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| |Charity’s principal address|C/O Craufurd Hale Group Ground Floor,
Arena Court
Crown Lane
Maidenhead SL6 8QZ| 6 ## 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)**|Eve Laurence Maria|Human| |**Position (eg Secretary,**
**Chair, etc)**|Authorised official|| |||| |**Date**|1 September 2025|| 7 ## 9. Accounts To be added when the accounts are ready. 8 Appendices Growing Hope CIO GroHin8¢ HOPE Growing Hope I Reglslered chonty 1176558 Growing Hope. 390 Coledonion R￿d. London. Nl IDN107519 965200 1nfc@growinghope.org uk Dr cor￿ Human Morkarious CIO Craufurd Hole Group (G￿nd Flwr) Areno Court Moldenheod SL6 8QZ Frldoy 31° Jonuory 2025 To Corlea, l am writlng 10 ihonk you for recent match poyment 01 £1.000 10 Growing Hope. Your kind giftwill help us to cc>nrinve to bring hope to children with addltlonol needs and thdr fomilies ocross the UK. Our vi*on is to set up 20 freÈ t￿rttpY tlinics 2050 in portnership with locol church across ihe UK. We. at GrowSng Hope. are encouraged by oll thai we'vè been oble io achleve in the p)st seven ueors in providing free theropy to Ihousgnds ol children and young people wtth tsddmonal n*ds in partnership with local churches ocross the UK. We now hove flve locol thorities- In King's Cross. Brtsckley. High Wucombe. Maiclstone and Redbrfd¥ GJbby'$ story Jbby Iplctured rlghtl is o little glrl who hos outism and has come to Growing Hope for occupat]onal thercjpy and speech ond longu(sge theropy. Here'5 whot her mum. Fablolo. told us how Gobby ottending theropy through our clinic ho5 Impocte(l on her life ond their famllu 5.. ~fm eversogrorefiilio we￿hoving speech andlunquoge Iheraw. whlch hos been ooreot help formu Iiirle one. who l* tsut15tsq ¢7nd hudoccupat￿n0/rheronY Sess￿￿5 (7s well. riley tir& ululiiyli sÈcTrydurd Andlheordof GrowinoHope frorn rjnoftherporenl. who hos crsimilcyr expÉnenc& with children wlth speclolneed& Notonlu t1￿ rhe sesslons wonderfuj. orotelulforlhe whole r&om Somety7e opèns rhe doorondtheres olwoys thcrt friendly smile. And/ th￿k that thatmt7keso reully biq£*fference to tts work th•ydo. Both the speech andlunouoqe ond¢YCUPatlonol theMpysesslonsl￿ye béen reolly helprful. not only for6ubbw formuself as wÈ1105 0 nFun7. So w&arÉ knrh le￿r￿Ang. Gttbbuandl Lvere both IpornlnooAgvf enJollonclreDiJ/arinn. £yb&>4)tcoono M&￿h￿T￿lsY￿& Providing free therapy for thildren and young people with additions1 needs and thelr families in partnership with local chiJrche5 across the UK. obour thinos thot can do to moke ourselves leeljustryghr. Being abl• to comè to Growing Hope. andhove support tljroughout ourlourne¥ Ifs a qolden opportuntty.. Once agoin, thunk you for supportlng Growlng Hope. yiur donation will be Instrumentol as we olm to help more chlldren and fomllle5 acros5 the UK with Fieortfell grotitude. Becki Hurdle Fundralslng Nanager kl.hurdle rowln or | 0756490392 io ## **Sabba Movement NPC** **SABBA Movement NPC Reg. No: 2017/ 325528/8 PBO No:93 00 78 67 3 change@sabbamovement.org +27 74 144 2288 ‘** Makarios CIO Craufurd Hale Group, Ground Floor, Arena Court, Crown Lane Maidenhead SL6 8QZ, United Kingdom 31 March 2025 Donation: Proof of expenditure. Dear Corlea, I am writing to extend our heartfelt gratitude for your generous donation of seven hundred and fifty pounds on January 31st, 2025. The Sabba Movement for Change is profoundly grateful for your support. Your contribution has been instrumental in our investment in an online learning platform, aimed at providing affordable educational opportunities for disadvantaged individuals in rural communities across South Africa and beyond. This platform, Sabba College, will not only serve as another social enterprise in our stable but also generate income for our non-profit endeavours. These efforts focus on assisting impoverished communities to grow their own food, acquire new skills, create income streams, and ignite the local micro economies in these communities. Our immediate priority is finalising our learning centre in Ashton, where we already have a significant presence in the Langeberg district. In these small towns and farming areas, educational opportunities are scarce, especially those that align with the current work environment. Your investment has opened numerous doors for us, and we are incredibly thankful. We are in the final stages of user testing for Sabba College and anticipate going live in the coming weeks. We will share the link with you as soon as it is available. Please find the receipts for the above-said expenditure attached. Thank you once again for your support. Managing Director: Julian Mouers +27 61 531 5296 11 rirop Angels Trust -11 //. makarios Memorandum of Understanding (MOUX Be￿een. Makarios CIO and Tirops Angels Trust Kerio View Hotel Kerio View Road PO BOX 51-30700 Iten, Kenya violahlagat@yahoo.corn +11520) 470-2672 Date: 31 January 2025 Purpose This MOU outlines the terms and conditions under which Makarios CIO will provide a donation to firops Angels Trust and the responsibilities of Tirops Angels Trust in utilizing the donation. Donation Details Amount: FNe Hundred British Pound Sterling Purpose of Donation: The purpose of the donation is in line with firop Angels Trusvs objectives, which include. but are not limited to. the following: Preventing violence against girls by empowering them. especialty those who are at risk ofwolence. expanding access to services available to survivors. including legal assistance, psychosocial counsellins health care and other support services; and building the capacty of service providers to respond effectively to their needs. Makarios CIO Charity number. 1196867 Addres5: Craufurd Hale Group. Ground Floor, Arena Cour¢ Crown Lane Maidenhead SL6 8QZ, United Kingdom Contact details: Corlea Human. corleahuman@me.corn +41797731733 12 makarios Beneficiary Responsibilities Use of Funds: The donation must be used solely for the purpose described above and in accordance with the objettives outlined by Makarios CIO. Compliance: Tirops Angels Trust will comply with all relevant lav￿, regulatlons, and ethical Standards in the use of the donation. Transparency: Tirops Angels Trust will maintain transparency in all financial matters related to the donation and allow Makarios CIO to condurt audits if required. Acknowledgment: Tirops Angels Trust will acknowledge the support of Makarios CIO in any publicity or communication materials related to the funded project. Return of Funds: Any funds not used for the specified purpose must be returned to Makarios CIO within one month following 30 September 2025. Charity Responsibilities Disbursement: Makarios CIO has disbursed the donation amount to Tirops Angels Trust on 31 January 2025, during the signing of this MOU. Support: Makarios CIO will provide neiessary support and guidance to Tirops Angels Trust to ensure the effective use of the donation. Communication: Makarios CIO will maintain open communication with Tirops Angels Trust and address any concerns or queries promptly. Duration and Termination This MOU will remain in effert from the date of signing until 30 November 2025. unless terminated earlier by mutual agreement or by Makarios CIO if Tirops Angels Trust fails to comply with the terms outlined. Makarios CIO Charity nutnber. 1196867 Address: Craufurd Hale Group. Ground Floor, Arena CourL Crown Lane Maidenhead SL6 8QZ. United Kingdom Contact detaiSs: Corlea Human. corleahuman@me.com +41797731733 13 Il/_ makarios Signatures By signing below. both parties agree to the terms and condttions outlined in this MOU. Makarios CIO Representative Signature: Name: Corlea Human Date: 31 January 2025 rirops Angels Trust Representatrve Signature: OS F•b 2025 May apoknglès ILV tho r8ply. I tacalh*d youf émall. Thank$ a knl Narne: Wiolah Cheptoo Lagat Date: 5 February 2025 I'r, Il I Makarios CIO Charity number. 1196867 Address: Craufurd Hale Group. Ground Floor. Arena Court Crown Lane Maidenhead SL6 8QZ. United Kingdom Contact details: Corlea Human, corleahurnan@me.com +41797731733 14 **Charity Registration No. 1196867** ## **MAKARIOS CIO** # **TRUSTEES' REPORT AND UNAUDITED ACCOUNTS** **FOR THE YEAR ENDED 31 MARCH 2025** ## **MAKARIOS CIO** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **Trustees** Mr D H Human Mrs C J Van Heerden Human Mr S D H Human Mrs E L M Human Mr B D Human **Charity number** 1196867 **Principal address** 5 Rue du Vieux - College 1275 Cheserex Suisse SWITZERLAND **Accountants** Wilson Partners Limited Ground Floor, Arena Court Crown Lane MAIDENHEAD SL6 8QZ ## **MAKARIOS CIO** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 4| |Accountants' report|5| |Statement of financial activities|6| |Balance sheet|7| |Notes to the accounts|8 - 9| ## **MAKARIOS CIO** ## **TRUSTEES' REPORT** ## _**FOR THE YEAR ENDED 31 MARCH 2025**_ The trustees present their report and accounts for the year ended 31 March 2025. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the Charities Act 2011. ## **Structure, governance and management** The charity was established by a charitable trust deed on 1 December 2021. The charity is a Charitable Incorporated Organisation (CIO) whose only voting members are charity trustees. The charity is based on a 'Foundation' model constitution, with appointment of charity trustees being the following: 1. Apart from the 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. The trustees who served during the year were: Mr D H Human Mrs C J Van Heerden Human Mr S D H Human Mrs E L M Human Mr B D Human The charity is a Charitable Incorporated Organisation (CE027407) registered at the Charity Commission (1196867). The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. ## **Objectives and activities** The charity's objects are, for the public benefit, to further such charitable purposes as are exclusively charitable according to the laws of England and Wales 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. Relieve children with disabilities and people in extreme poverty; and 2. Advance the Christian faith by providing pastoral care to those in need. - 1 - ## **MAKARIOS CIO** ## **TRUSTEES' REPORT (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **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. ## **Grant making principles** 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 three and ten) of a higher value rather than many small grants. 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. The lowest amount that a grant will normally be made is for £1,000. 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. ## **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. ## **Due diligence** The Trustees will carry out sufficient due diligence on any proposed recipient organisation with the aim of ensuring: - 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, 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. 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; - 2 - ## **MAKARIOS CIO** ## **TRUSTEES' REPORT (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## Funding conditions (continued) - 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. ## Amendments The Trustees may vary the terms of this policy from time to time. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. ## **Achievements and performance** 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. For the accounting period until 31 March 2024, donations of GBP 4,800 were received. Donations totalling GBP 1,097 were paid. GBP 360 was paid to Disability Snow Sport, GBP 339 was paid to The Catholic Agency for Overseas Development and GBP 398 (USD 501) was paid to Hearts of Joy International. For the accounting period until 31 March 2025, donations of GBP 5,080.00 were received. Donations totalling GBP 3,250.00 were paid. GBP 1,000.00 was paid to Disability Snow Sport, GBP 1,000.00 was paid to Growing Hope, GBP 750.00 was paid to SABBA Movement and GBP 500 was paid to Tirops Angels Trust. ## **Financial review** A bank account was opened with Metro Bank on 10 January 2023 from which grants will be made. For the accounting period until 31 March 2024, donations of GBP 4,800 were received and grants of GBP 1,097 were made For the accounting period until 31 March 2025, donations of GBP 5,080 were received and grants of GBP 3,250 were made. As the accounts have been prepared on a receipts and payment basis tax recoverable in relation to donations received under Gift Aid are recognised on the date of receipt. - 3 - ## **MAKARIOS CIO** ## **TRUSTEES' REPORT (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **Statement of trustees' responsibilities** The trustees are responsible for preparing the Trustees' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these accounts, the trustees are required to: - select suitable accounting policies and then apply them consistently; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and - prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. On behalf of the board of trustees **Mrs C J Van Heerden Human** Trustee Dated: 6 January 2026 - 4 - ## **MAKARIOS CIO** ## **ACCOUNTANTS' REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED ACCOUNTS OF MAKARIOS CIO FOR THE YEAR ENDED 31 MARCH 2025** In order to assist you to fulfil your duties under the Charities Act 2011, we have prepared for your approval the accounts of Makarios CIO for the year ended 31 March 2025, set out on pages 6 to 9 from the charity's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations. This report is made to the charity's as a body, in accordance with the terms of our engagement letter dated 8 January 2024. Our work has been undertaken solely to prepare for your approval the accounts of Makarios CIO and state those matters that we have agreed to state to the charity's as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Makarios CIO and the charity's trustees as a body, for our work or for this report. It is your duty to ensure that the charity has kept adequate accounting records and to prepare accounts that give a true and fair view under the Charities Act 2011. You consider that the charity is exempt from the statutory audit requirement for the year, and is not required to obtain an independent examiner's report. We have not been instructed to carry out an audit or a review of the accounts. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the accounts. ## Wilson Partners Limited ## **Wilson Partners Limited** Accountants Ground Floor, Arena Court Crown Lane MAIDENHEAD SL6 8QZ Dated: 6 January 2026 - 5 - ## **MAKARIOS CIO** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 MARCH 2025**_ |**Unrestricted**
**funds**
**Notes**
**£**
**Incoming resources from generated funds**
Donations and legacies
**2**
**5,080**
Other incoming resources
**3**
**-**
**Total incoming resources**
**5,080**
**Resources expended**
**4**
**Charitable activities**
Grants paid
**3,250**
Governance costs
**1,438**
**Total resources expended**
**4,688**
**Net income for the year/**
**Net movement in funds**
**392**
Fund balances at 1 April 2024
**4,024**
**Fund balances at 31 March 2025**
**4,416**|**Total**
**2025**
**£**
**5,080**
**-**
**5,080**
**3,250**
**1,438**
**4,688**
**392**
**4,024**
**4,416**|Total
2024
£
4,800
338| |---|---|---| |||5,138| |||1,097| |||1,331| |||2,428| |||2,710
1,314| |||4,024| - 6 - ## **MAKARIOS CIO** ## **BALANCE SHEET** ## _**AS AT 31 MARCH 2025**_ |**Current assets**
Cash at bank and in hand
**Total assets less current liabilities**
**Income funds**
Unrestricted funds|**2025**
**£**
**4,416**|**£**
**4,416**
**4,416**
**4,416**|2024
£
4,024|£
4,024| |---|---|---|---|---| |||||4,024| |||||4,024| The accounts were approved by the Trustees on 6 January 2026 Mrs C J Van Heerden Human **Trustee** - 7 - ## **MAKARIOS CIO** ## **NOTES TO THE ACCOUNTS** ## _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **1 Accounting policies** ## **1.1 Basis of preparation** The accounts have been prepared on a receipts and payments basis under the historical cost convention. The accounts have been prepared in accordance with applicable accounting standards. ## **1.2 Incoming resources** All incoming resources were unrestricted and are recognised on a receipts basis. ## **1.3 Income funds** All funds are unrestricted and are represented by the cash at bank balance. ## **2 Donations and legacies** |Donations and gifts
**Other incoming resources**
Other income
**Total resources expended**
**Charitable activities**
Grants paid
Grant funding of activities
**Governance costs**|**Other**
**Grant**
**costs**
**funding**
**£**
**£**
**-**
**3,250**
**1,438**
**-**
**1,438**
**3,250**|**2025**
**£**
**5,080**
**Total**
**2025**
**£**
**-**
**Total**
**2025**
**£**
**3,250**
**1,438**
**4,688**|2024
£
4,800| |---|---|---|---| ||||Total
2024
£
338| ||||Total
2024
£
1,097
1,331| ||||2,428| ## **3 Other incoming resources** ## **4 Total resources expended** Governance costs includes payments to the accountants of £1,380 (2024: £1,320) for accountancy fees. - 8 - ## **MAKARIOS CIO** ## **NOTES TO THE ACCOUNTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2025**_ ## **5 Grants payable** |**Grants payable**||| |---|---|---| ||**2025**|2024| ||**£**|£| |Grants paid|**3,250**|1,097| ## **6 Trustees** None of the trustees (or any persons connected with them) received any remuneration or reimbursed expenses during the year. Included in donations is £5,080 (2024: £4,800) received from the charity's trustees. ## **7 Employees** There were no employees during the year. - 9 -