Charity r¢gi$tration numEw.' 1201876 MIVA Foundation Annual Riwrt and Trinmniial 8th￿'mL￿ts for the Yeur F.nded 31 Decl￿ber 2n24 MIVA Foundation Contents (continued) Refcrcn¢c Administrative D¢tsils 'I'ruste£8' Rcpori 2to3 Si&icm¥nt of '[ ruslees, RcyrfTrn8ibililies Indepenikol F.xamin¢rfy Rwrt Sthtemcni of Finwicial ALlivitlLY I5Alan￿ Shcct NoiLS t(b th¥ I,'inancial St8tLyncnl 8t0 13 MtVA Foundation Reference And Admlnlstrative Details Trnste¢• Mr5 V E Twinning Mr M A Twinnin Charlty ReKlytratlon Nwmb¢r 1201876 PrknelpAI Offlce awley 2 Re8atts Place Marlow R￿d Bourn¢ End Buckinghamthire .8L8 STD Indepe4d¢ttt Ki*mlA¢r S￿ling Grove Accountants Fawl¢y House 2 R¢W¢a Pl￿g Marlow Road BournL End Bu¢kln8hgmshlre SL8 STD Pag¢ I MIVA Foundation Trusteesl Report 'I'he trustecs present thc annual rerrt)rt log¢th¢r with th¢ fJn4n¢i41 statern￿ts of the charity for the year ended 31 D¥L¢mbLY 2024. Objeetlves ADd 8etlvltles O¥ects .1 lie Thb)￿ts ol. th¢ Founthtion. #8 In the .1 rust r)ceil, arc such cxclusively thfwil&bl¢ pUryX>￿ as the TrusiLY$ may fn)m time to time dLLidL. 'I'he 1rust￿9 identify projeLts and or8anisuli(In.¥ they wi.sh lo 8w)p(>rt and sv the 'l'rust dn¢8 not make gr￿L9 to peopl¢ oroT8anisgtions that upply ipeculaiively. PMOll¢ bemefll ThL trust¢￿% Lollfirm Ihat they have referr¢d to thL guid&thL'¢ cMi#ined In lh¢ Churity l.'i)mmi$$ion's ¥cn¢rAI 8uidance i)n public benelit Wh￿ rLviLwinB thL FounJdlii)n'5 and (>bj¥Ltives *nd in plwining lu¢urL' donaliuns. LaLh Bppliuutiun is u)n$idered on it8 meriL8 and lh¥ truste¢8 ¢on.$ider thL pur￿j￿% for whiLh the application hA% bLL'n madL (xTrnfirni th&LL the public benelit requiremeni h*L8 been fuifillLd und it iy in kLYpin with ihL grani m&king tx)IiLy. ThL IrusteL'S LX?nfinn thtti ihb'y have vomplied wilh ihv requiremenl% of ¥rttinn 17 of the C.haritiGI Act 21111 to hllve duL fL￿￿r￿ ((> the publi¢ bencfi( guidance publi8hed by ihL Lhariiy (￿mMi&41￿￿ for F,nMldnd Ind W81e8. A¢hlcvements •xd performÈnc¢ 'I'hc tru.sie&% pr(Ivid¢ grunL8 ID 11.K. arLtranisation8 in furthLranix ()f thL Fi)undation's ¢h4ribLblL I)hj￿1¥. T)uring thL y¥ur LndLd 31 Db'LLmlKY 2024 the I'i)undution don&te4 £142,785 12023.. £84.01￿) t() a wide rangL (>r ch*riil&% ts) xuprx)ri their ongoing nLW pruj¢&'ts. FlnAwlal revkw ThL Fvundgtron rLceivd (knnali(?ns of £682,161 (2023.. £215.2501 inLludiny any 8111 uid relier. Poll(y on r￿erVe¥ Th¢ trust¢L'y h#v¢ no p()li¢y utr'r¥'taining %ignifiLant oth¢r Ih¥n t() ¢nsur¢ th¥l suifi¢iwt funth are held at any i)ne Lim¥ ty ￿)v¢r ¢h¥ Brdnlq already promi8ed in the nexL thre¢ mi)nihi. Eii.8k man88emL'nt ThL Iru¥lcLS ha¥L considered thr m#jur risks ￿ which ihc Fuurtdatlon i5 exrd)&ed a[￿ have reviewed ihosc risks dnd cstabli¥hLd sy51LYns and prvLcduru to mdn¥8c th05c risk¥. The foundalion is not a functional charity but a 8ront.mak¥r whi¢h ulso r¢duccs the risk. Plans for fvture perlods Alms objecrfvcflorfutureperlodf .1-￿. Irusti*'s inlLnd i(Tr li) distribute th¢ Fund¥ of lh¢ Fuundthtion in lin¢ with (heir obj¢¢ts. This will in¢ludL (Trngi)ing.8UPPDrl for cxi3ting hcnefTciarios and also new r￿1vIc￿lS. Page 2 MIVA Foundatlon Trustee8' Re￿rt (continued) OrganbodopwlstrML*re The FoyndotiiJn18 (1￿Jed dircctty by the truste•. MIVA Foundat1￿ is run by the trJ&tt£g. re8ular megtiny are held to 88t£e on mattm La)ne4rnln¥ onyin8 t)j¢¢tJ 4tNI confjrn new proJe)nutiuny ILgiLCiVS Investmenl in￿me 682.161 682,161 'I'othl Incom¢ 7aO.877 71)0.877 Expendlture on.. Clwithble a¢iiviti¢s 144,345 144.345) Total cxpenditure 144,345 Net incvme 336,532 536.532 Nd mvvemeni in fuAd4 5S6,532 55&532 R¢coThtlll•tlon of f•ndi 'I'olal fund5 brought forward 124 ¥11¥ 124,888 "rulil funds carrid forwgrd 14 681420 Ilwreslrlcttd nd• 6RI 42 Total IQ33 Note In¢•m* And Endown*Dts frt)m: Donwion¥ and le8￿1¢5 InvcstmLnl inwm 215,250 215.250 118 'I'otal in¢om¢ 215 368 Expendlture on: Charltable activities {90,480 Tot41 cxpen(litur¢ Nct ittcome 124 8118 124 8118 Nct JYK>vthert In fund 124 8811 124 11118 Rttondllatlow of f•nd¥ Totuj fund3 carricd forward 14 124888 124 888 All of thc Charity's actlvitics dErive from Lx>nlinuins operations durin8 the alx)ve Iwo peri￿. I'he funds breakdown for 2¢)23 1.1 Shown in note 14. The notes on paBCS 8 to 13 foTh inte8ral part of thue fIn￿claI staiements. Page 6 MIVA Foundation (Rtgi$tr4tion number. 1201876) Balydnce Sheet as at 31 Dee¢mb¢r 2024 2024 2023 Nott Cyrrent *sets DebtOT5 Cash ai trAnk and in hat 1.250 124.838 12 682.620 682.620 126.088 Creillton: Amoumts falllry dwt wlthln one yur 13 {1,2(K>) 11.2001 681,420 124.888 Fundj otthe ¢harlty: Unmtrlct¢d fiJnd• UnrL'ytri¢tcd furtds 6¥1.420 124,888 Tot•1 14 681.420 124.888 Thc finan¢ipl slalcminL$ on p88eg 6 to 13 We￿ approved by the irustees, 8T￿ 8uthorlsed for Ssgue vn .41, id si n thbir behalf by,. The note5 on pages 8 to 13 forni an integrnl psrtof these finaNial stalanents. Pa8¢ 7 MIVA Foundation Notes to tbe Financial Ststrments for the Year Ended 31 December 2024 Aeco¥ntio8 polities St•t¢•¢D¢ of tompli•me¢ 'rhc finynbihl %tht¢m¢nts have been pr¢par¢d in a￿()rdanCe with th¢ second editi(Jn (Trf the Chariti¢s 8thtemcnt of Recommen¢kd ProciiCL issua in O¢l()ber 2019, th¢ Trin8n¢ial R¢rM)rling Stsndard appIl￿b]e ID th¢ United Klngdom 4nd R¢public of Ireland IFRS 102) 8ThJ the Charlties Ad 201 I. B9818 ofprepArAtlon MIVA Foundaiion meets the delinition of & public b¢n¢tit entity undu FIL8 102. '1lJ¢ accounts (fiThonLyal stalL'ments) hthve t¢en prepored under the historical ￿5t cOnv￿li0n with It¢m¥ r¢eognlsed 8t C05t or Iraiis#ction value ¢Aherwis¢ sl#tLxl ID th¢ wl¢vant nolelsl to Ih¢se ￿COU￿L8. Colni coneern The irusi¢¢& ￿nsId￿ that ther¢ ar¢ no mal¢rial unwlainties 4knui the chwity's ability to con*iTruc 8 80in8 Income And eodowmenti Vuluntsry inc4)me including thTrnation4 8ifiB. lewi¢J and 8r8nts provid¢ ¢or¢ fundin8 OT ar¢ of w general nalure is recognised wh¢n the ¢haTity h8$ entitl¢m¢nt to th¢ income. it 1$ pruèdble that the income will bc r¢c¢ived the omount can be m¢&qu￿￿ wlih suJfi¢ieD¢ reliabiliiy. onalexqclt5 Dunmliuns I¢y4Lies ar¢ reciwised on a Teceiv8ble b48is when r¢ceipt l¥ Fwbable 8nJ th¥ ¥mounl be r¢li2hly me&qufed. Inv¢slmenl Incom¢ Inler¢st on fvnds held d¢F¥)Sit is included wh¢D receiv8blL Jnd th¢ omounl can bL' meM¥ur&l reliably hy th¢ chrty: thls Is nOM)￿lY upon nolification of Intrreyl paid or ￿y￿b]e by the Imnk. ExpeAdlturn All expcndilure is rccn8ni￿d once Ihere is a legal or con5truciive obligation to ihNI eX￿nditUre, it is probabl $ettlcmLmt iy rcquSred and the ttmount can be mth8ured r¢liubly. All co318 Dre allocated to thL applicable expendiiurc hvading that uggrL'gthle yimil#r costs w thut ￿te￿ory. Where cosis cannot br directly attribuied to partiLular he￿din￿¥ thcy havL bc¥n ullocatLyJ on a basiy consistent with thc use of re￿UrC￿, Wlth Lyntrdl stf4ff ost5 allocated on ihe basis of ttmr spen( and depreciation charges allocattd on the ￿rtion ol- th¢ a55et'S Use. Other support costs are allocated based on the spread of gtaff coyts. Cknrfl¥ble rtdlvlll¢s Chgritsble ex[￿ndItUre ￿mPrIseS thos¢ CATr5ts incurrLuI by the C￿rity in the deliw¢ry of its #ctivities and SCTvi¢es for lis beneficiari￿. It includ¢s tKAh ¢osts that b¢ ollLKth¢¢d diT¢L¢ly ¢0 gu¢h ￿liVi11¢S and tho¥¢ of ¥n In￿lTEGI nolure ne¢c$5ary to SuP￿rt thejn. GrnRiprovlsloMs Pmvi.iions for grants a￿ made th¢ intcntion to make a 8rant h&8 been commLmiL*ted to the recipienl but there 18 uncertainly th)ut either the timing of the grant or the amount of grnnt wable. P88e 8 MIVA Foundalion Notes to the Financial Statements for the Y¢4r EDd¢d 31 December 2024 (¢onllnu¢d) Govern*nte t￿ts Thcs¢ iftGlud¢ ihe co&ts attributhble w the ¥hority'5 compliance with LxTrnst5tulionai and slalutory requirements. including audii. strate8ic manaBtmenl and irust&%s mectings and reimtwr%d ¢xpense5. T•JAtIo The charity is cunsidered to p&8s the iests set oui in Paragrnph I Schedul¢ 6 of thc Finance Acl 2UIO #nd therefore it meL*s th¢ d¢finiiion of a charithble or8anis8tion for UK corw)rd(ion p￿rrA>S￿. A¢wrdin¥ly, the chtwity is wlcnlially exempt from t&XAlion in res[￿¢t ot. inwme or ¢&pital rcceived within categories covered by ChBMcr 3 Port I l of the Corwrution 'lax Ad 2010 or Sertitsn 256 of the Taxation of CharB¢abl¢ aain8 Art 1992, lo ihe extent that such inLome or galns are applied ¢x¢lusiv¥ly to charitablc pUr￿5¢y. TrAd¢ debto Trude debiors 4mounl$ due from cugtomLYs tor n7er¢hfyndise P￿Id or seTri¢es perforned in the ordinury course of I￿51￿￿. Tradc d¢￿Thr$ are recu8ni5¢d initiolly al the IT￿￿tioN pricc. They 4fe 8ubwu¢ntly m¢￿re￿ at amurtised cosl using th¢ ctfc¢tive inlLYest m¢thod, 1¢83 provi.8ion for impairn¢nt. A pA)Vi8ion liir the impaiment of tradc 15 es¢ablishcd wh¢n there is obje¢iive cvidettce thut the charity will not bc able t(Tr eolleLI ull arnounLs due 4cccJrding to thL oNBin81 trrms orth¢ re¢Llvables. Cish •nd eash oqulvAlthts C&8h gnd ¢wh wuivalenlg compris¢ on hfind attd cqll d¢p)S1￿ and oiher short.tern) highly liquld inveslm¢nts th¥1 are It￿lIY cunvcrtiblc to 8 knmvn ank)unl (jf LD3h aTwJ are 8ubj¢c¢ to an insignificant rl8k of Ch￿8¢ vrdluc. Fund 11rut￿re Unrcstri¢t¢d In￿ne fund5 ar¢ 8cn¢r#l lund3 ¢hat avall&ble for usc ot th¢ IrLkslee8 diwetlon In furth￿ance of th¢ objcctivey ot'the ¢hw?ty. 2 lftcome don4tloM lrya¢k• Unmtrleted Total ds Getrtrll DonAtions and le8acie4 Ik)ngtioN ￿ee1Ved 682,161 682 161 Ttstal for ptTlod tnded JI Drtember 2024 682 161 6R2 161 TotAI for period Mded 31 De¢entber 2D23 215250 215,250 Page 9 MIVA Foundation Notes to the Financial Statements for the Year Ended 31 Decemb¢T 2024 (eontinued) 3 Inve$tm•nt loeom• Unreitrkted funds C•ner•l Totsl fiinds Intu¢$t w¢lv4hl¢ and 5imilur income: Intcrtst re¢eivabl¢ on bank d¢￿*11$ 18.716 18,716 Totsl for perkbd ended 31 Detember 2024 Ttstll for perlod ￿￿ed 31 Dttember 2023 18.716 1¥,116 4 Exptndlture on tb*rlt*ble artlvitl Unrt8trkled ndj General fvnd• Nete Oront fvndins of ¥c¢ivities (ivv¢rnan¢L LX)¥ty 142,7115 1,560 142,7115 1,560 Total for perlod end¢d Jl Deetmber 2024 Tol41 for perlod ended 311)eteffjhr 2023 144.345 144.345 90,480 S A*aly#l$ of govern#net #thd iupport eoits Govern*o¢¢ Unre8tricted nd¥ GeAerAI I'ot*l ru*d$ Independent exarniner fe Examination of the lingrt¢iRI ylaiemenig (Mher fces paid to ¢xaminers B￿k ch8r8es 600 600 360 600 600 360 Tot*1 ftsr ptrlod e•ded J1 Defember 2(124 1,560 Tolsl for pttlDd ended 31 Detthb¢r 2023 Page 10 MIVA Foundalknn Not£4 to the Financial Statements for the Year End￿ 31 December 2024 (tODtlnued) 6 GrAnt-IllAklnr ofgrnnts GrBnts 2024 21m ADalysAg Emrnaus Suffolk Fine Cell Work Dolphlrt SociLty 15,0(K) 14.¢XJO 17.51)0 10,0 SO,0￿) Sumson Centre for MS ProstrAk Can¢¢r Ovarian Cancer Slght Re9e￿Ch UK Bow¢1 R¢ye8r 10.065 25.000 25,￿0 25.0 26.220 142,785 7 N•t rnourc¢• 8 Try•t¢e4 rnNuMratlon and exp¢••t• No tru¥iees. nor any p¢rnons e4)nnect•d with than. h&v¢ recelved kny remun¥4tion fmm the charity durlng the No Irus¢¢c$ h4v¢ rK¢ived any r¢imbuTsed expen8ey or any othcr b¢nefrt8 from the ¢hMrtty durinB the Y￿r. 9 IDdepend••¢ rernuner*lloTr 2024 2023 ExaTnittation orth¢ finon¢ial staitmethts O¢her feeg lo examlntr• All other servi¢¢y 6(M) MIVA FouxdAllon Nots8 to the FIDan¢ial Statements for tke Year Ended 31 December 2024 (continued) 10 TAX¥tio* The charlty ly a re8ls*red d)arity and is th¢r¢foTe exempt frorn Iwtion. 11 D¢blorJ 2024 21)23 Oth¢T debtors 1,250 2024 202J Cath at bRnk 682,620 124 838 13 CT¢dltor•: f•lllJg du¢ wltblm tsrt¢ ye•r 21124 2023 A¢¢n￿3 1,2 1,2(M) 14 Fu•ds Bal•fju •¢ 31 D¢¢oJDb¢r 2024 B*lAnee •t I JAnu*ry 21J24 IDeoJlllDt ourt RegOllf¢ expended UDreJtrltted funds Oenernl 124,888 681.420 D¢£emb¢r 2023 rt40llrc expended Unrntrlcted 124888 Pale 12 MIVA Foundation Y4ote8 to the FinAneial Statements for the Y¢ar Ended 31 December 2024 (eontinued) IS ADalysl8 of fjet Asgets be¢we¢D fv•dg Unr•Jtrfet¢d Dds CenerAI 31 D¢¢ember 2024 Cyrr¢'nt asset CuTTeoi liabilities 682,620 11.20111 682,620 11.2(M)I Total nct ￿4¢ts 681.420 681,42U Unremrleted nds G¢ner*l Totgl fv4d• at 31 Deeember 2•23 Ojrreni &18L CurreTht liJbili¢iey 126,088 {1200) 126.088 (1.2001 1oial n¢t aSg¢ts 124.888 124.888 16 RelAt¢d party trnnJ8tlloDI t￿ring the ye4r the Lharily m￿¢ th¢ folluwing related party iTan8octions: Ml¢h*el Twlthmlng Il'ru9tee of the ¢h8rity) Mr M Twinning m8d¢ don8tions to thb choriiy totallln8 Lnil in th¢ y¢4r12023: £5.orAI). At thr b￿1￿l% sh¢%t dale th¢ Amouni due tolfrom Mith4¢1 TwinnSn¥ was £Nil12023- £Nill. Page 13 MIVA Fonndrdtlon Statement of Fin*nei￿ Aetlvities by hnd for the Year Edded 31 Det¢mber 2024 Totsl Tot*1 IJDrestrlcted Unrnitrkt•d 2024 2013 In¢(fvm¢ wnd fr•m'. Donutions and legacies Ib)vestmetbt itKome 682,161 18,716 215250 Tot81 Income 71J).877 215,368 Exptndll¥r* on: ChNrftable a¢tlvlti {144.345 90.480 Total exsXndl￿re Net lttcome {144,343 )11,4110 556.532 124.888 Net nwvtmtht In fvt) 556.532 124.888 RetonelllgtlDll Of fu*di Tothj fvnds brought forward Totyl fvnds I￿1￿1 fornward 124,188 681.420 124.88¥ This pasc ￿E5 nol fwm partof the stabjtory financial stat•nents. Pqge 14