Mokaraka Trust Charity number 1197804 Constituted on 4 February 2022 111 Ashley Gardens, sw1p 1hj, London, UK 

Date 1/1/2024 

Annual Report and Accounts 

Prepared and submitted by the Trustees of the Mokaraka Trust 

## **Objectives and activities** 

This year was the first year of setting up our charitable trust.  Our trust was constituted on 24 October 2021 with four trustees Melanie Smith, Stephane Jacques Francois Hebert, Christina Marie Hawley and Maria Eleni Moutsoupoulou who remain trustees at the time of this report. 

The object of the charity is for the public benefit to promote the education (including social and physical training) of Maori and women in such ways as the charity trustees think fit, principally by awarding to such persons scholarships, maintenance allowances or grants tenable at any university, college or institution of secondary, higher, tertiary or further education. 

The trustees meet regularly to determine potential channels to award recipients and (when required) review grant applications. 

## **Achievements and Performance** 

We secured no additional donations from our trustees, having significant funds already in reserve. 

The charity pays for no employees and pays for no trustee fees. 



We reviewed our grant making policy – to enable as many successful applicants as possible, and decided to extend our support to AUT 

We awarded 3 scholarships to Auckland University via the Mokaraka Scholarship to H, R and J. 

https://www.auckland.ac.nz/en/study/scholarships-and-awards/findascholarship/mokaraka-maori-women-in-business-scholarship-1055-bus.html 

We funded TB for his second to last year at Auckland University. 

We commenced discussions with AUT about the provision of scholarships to potential applicants.  AUT were unable to find any applicants 

## **Financial Review** 

We received 0 in donations and dispersed £15,085 in awards 

Our expenses this year were for limited expenses on IT, bank fees and a trustee meeting for £4312.94 

The Trustees had loaned the trust some initial funds in year 1 to ensure we were ready to make grants, these funds were repaid this year (£60,000). 

Given we had significant reserves we invested the surplus funds (£400,000) for a risk free interest rate 

## **Structure and governance** 

The Mokaraka Trust is constituted as a Charitable Incorporated Association (constitution filed 25 January 2022). Our trust was constituted on 24 October 2021 with four trustees Melanie Smith, Stephane Jacques Francois Hebert, Christina Marie Hawley and Maria Eleni Moutsoupoulou who remain trustees at the time of this report. 

## Signed 


M J Smith for and on behalf of the trustees 




## Mokaraka Trust Accounts 

Charity number 1197804 Constituted on 4 February 2022 

## **Income statement as at 1 January 2024** 

|Donations<br>Awards<br>Dispursements<br>Net|**01/01/2024**<br>0<br>-15085<br>-4394.39|
|---|---|
||**-19,479.39**|



## **Cashflow statement as at 1 January  2024** 

|Opening cash<br>Awards<br>Dispursements<br>Trustee loan<br>repayment<br>Surplus reserve investment<br>Closing<br>cash|563,848.00<br>-15,085.00<br>-4,394.34<br>-60,000.00<br>-400,000.00|
|---|---|
||**84,368.66**|



## **Balance Sheet as at 1 January 2024** 

|Cash at hand<br>Creditors<br> <br>Investments<br>Unrestricted funds|84,368.66<br>0<br>400,000.00|
|---|---|
||**484,368.66**|