2025-03-31-accounts - The Macfarlane Family Foundation

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THE MACFARLANE FAMILY FOUNDATION UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Charlty No: 1202171

THE MACFARLANE FAMILY FOUNDATION UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 cor+KfENrs PAGE General informatlon Trustees, Annual Report Responsibilltles of the Trustees Independent Examlnerfs report to the members Statement of Flnan¢lal Actlvitle$ Balance Sheet Notes to the financlal statements Charity number: 1202171

THE MACFARLANE FAMILY FOUNDATION GENERAL INFORMATION Registered charity name The MaeFarlane Family Foundation Charity number 1202171 Prlncipal & registered office address 8 Forge Close Horton-cum-studley Oxford OX33 IBL Trustèes lan Coombs.Goodfellow (appointed 25 January 20241 Roger MacFarlane lappointed 3 March 20231 Stuart MacFarl4ne lappolnted 3 March 2023) Phlllp Stubbings (appolnted 29 November 20241 Attountants SPX Oxford Ltd Peace House Paradlse Street Oxford OXI ILD Independént examlner Sheila Parry FCCA Charlty number.. 1202171

THE MACFARLANE FAMILY FOUNDATION TRUSTEES, ANNUAL REpoKr FOR THE YEAR ENDED 31 MARCH 2025 TheTrustees present theirAmnu•l Report together wlth the financlal statèments for the year ended 31 March 2025. The Trustses have adopted the provlslons of Aceountfng and Reportyng by Charltfes: Ststement of Recommended Practlce applicable to ¢harlties preparlng thelr accounts In occordjnce wlth the Financlal Repgrttn8 Standard appllcable In the UK and Republlc of Ireland IFRS 102} (effectfve l January 20191. Objeclives and acil¥l Objèctlvés Th• purpose of The MacFarfane Family Foundatfon I'the Found8tton')15 to Invlt6 grant appllcatlons from r4i5téred charltles whose services are In Ilne with Its Oblects.. the rellef of those In need, by reOn of youthi age. ill-health, dlsJbllity, flnanclal hardshlp or other dlsadvantsg¢; the preventlon or relief of poverty; the advancement of educ•tlon; and the •dvancement of good cltlzenshlp or communlty development for the publlc beneflL Acdvltles Durlng the year 1712024..101 tharltles were Invited to apply for grants, and a total of £458,59212024', £231,779) was dlstrlbuted to 17 successful applicants Isee Note 7 to the Accounts on page 11). Publlc benefft The Trustees conflrm that they have complled wlth the duty In section 4 of the Charlties Art 2011 to h•ve due relaid to the Charity C¢)rnmlssion'$ publlshed guidance concernlng the operation of the Publlc Benefit Requlrement under that Act. Fln•ndal revlew Flnanclal posltlon The Foundatlon recorded • deficlt In the year of £73,79512024: surplus of £186,970}, malnly attributsble to utilisln8 in part the funds clrried for4vard from 2024 for grant maklng durlng the flnanclal year endlng 31 March 2025. Resep4es policy The Trustees prefer to dlstrlbute the majorlty of the Foundatlon's net income to re8iStered chafltie5. The Foundation does not currently have expenses other than forthe productlon of its Annual Accounts, and anv windin8 up expenses that mlght occur In future. In the ¢lrcumstances, the Trustees are satisfiod that reserves can be maintalned at a mlnlmal level, and wlll revlew that decislon annuallv. Investment pollcv The Trustees prefer the Foundailon to be In a posltion to respond rnpidly to existing or potenttal beneficlary needs, or to unforeseen evénts such as epidemics or locallnational disasters, or other unexpected adversa events. To that end. the Foundation's funds are held In a readily accessible bank current account. Charlty number: 1202171

THE MACFARLANE FAMILY FOUNDATION Structure and SOnanCe The Foundatton was registered wlth the Charlty ComMissn with a CIO Constitution on 3 March 2023.lts Policles and Pro¢edures indude a Grdnt Making Pols¢yand a Conflicts of Interest Pollcy. The Trustees are as detailed above. and must be at least three In number. New Trustees should have relevant skills and experlence, will be Inter4tiewed by existlngTrustees prhw to any appointment, and wlll have an appropriate Inductlon. Charity number: 1202171

THE MACFARLANE FAMILY FOUNDATION

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

RESPONSIBILITIES OF THE TRUSTEES

The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and regulations.

Charity Law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and the income and expenditure of the charity for that year.

In preparing these financial statements, the trustees are required to:

select suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011. They are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

INDEPENDENT EXAMINATION

Sheila Parry will be considered for re-appointment at the next trustees' meeting as independent examiner for the ensuing year.

Signed on behalf of the trustees

27 November 2025

Charity number: 1202171

THE MACFARLANE FAMILY FOUNDATION

INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF THE MACFARLANE FAMILY FOUNDATION FOR THE YEAR ENDED 31 MARCH 2025

I report on the accounts of the charity for the year ended 31 March 2025, which are set out in pages 7 - 11.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under charity law and is eligible for independent examination it is my responsibility to:

examine the accounts under section 145 of the 2011 Act;
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145{5)(b) of the 2011 Act; and
to state whether particular matters have come to my attention.

BASIS OF INDEPENDENT EXAMINER'S REPORT

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and the seeking of explanations from you as trustees concerning any such matters. The

procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is expressed as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

EMENT INDEPENDENT EXAMINER'S STA

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that, in any material respect, the requirements:

to keep accounting records in accordance with section 130 of the 2011 Act; and
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Sheila Parry FCCA

Date ..........27 November 2025................... .

Charity number: 1202171

THE MACFARLANE FAMILY FOUNDATION STATEMENT OF FINANCIALAcnvrriES FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted and Total Funds 2025 Unre5tr1cted and Total Funds 2024 Note Income from: Donations and legacies Totsl Income 385,637 385,637 471,579 471,579 Expend1tt4re on: Charltsble actlvltlès Total expendlture 459,432 459,432 284,609 284,609 Net Income l-expendlture Transfers between funds Net movement In lunds - 73,795 186,970 - 73,795 186,970 Reconclllatlon ol funds: Total funds brought forwards Total funds c4rrfed forward 186,970 113,175 186,970 The Statement of Flnanclal Attlvitlès Includes all galns and losses in the perlod and therefore 4 statement of total recognised 8alns and losses has not been prepared. All of the above amounts relate to contlnuing actlvltles. All of the above amounts relate to unrestrl¢ted fun(Js The notes on pages 9 to 11 form part of thes8 flnanclal ststtments. Charlty number: 1202171

THE MACFARLANE FAMILY FOUNDATION

BALANCE SHEET AS AT 31 MARCH 202S

----- Start of picture text -----
202S 2024
Note £ £ £ £
Current assets
Cash at bank and in hand 113,955 187,750
113,955 187,750
Creditors: Amounts falling due within
one year 4 -780 -780
Net current assets 113,175 186,970
Net assets 113,175 186,970
The funds of the charity
Funds
Unrestricted income funds 113,175 186,970
Restricted funds
Total funds 5 113,175 186,970
----- End of picture text -----

For the year ended 31 March 2025 the charity was entitled to exemption from audit under section 145 of the Charities Act 2011.

Trustees responsibilities:

The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 145; and
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements were approved by the trustees and authorised for issue on ......27 November 2025 ................................ . and are signed on their behalf by:

Charity number: 1202171

THE MACFARLANE FAMILY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 l. Accouf+ifiNG POUCIES Bfftsls of accountln8 These financlal statèments havè been prepared under the hlstorical cast convention and in accordince wlth applicable Untted Kingdom ac¢ountlng standards #nd the requirement5 of the Statements of Recommended Prartlce 2019 ISORP 20191, 'Accounting ènd Reportlng by Charltles',1s5ued by the Charltles Commisslon. Fund accountlni Unrestrlcted funds are available for use at the dlscretlon of the trustees In furtherance of the g•neral objectlves of the charlty. Income All ineomlnq resourees are included In the Ststement of Flnancial Actlvitles when the charrty Is leially entltled to the Income and the amount can be quantlfled wlth reasonable accuracv. Donations and legacles ar? reportéd In the Statement of Flnantlal Activltles If they ère recelved or due In the tlninclal year, Expendllur• Expendlture Is accounted for on an •ccruals basls and h•$ been cla$slfied under headln8S that arelate all costs related to the category. Expendlture represeTrts amounts involc•d, Includln8 value added tax. Taxatlon The Charity Is exemptfrom corporatlon tax on Its charltsble actlvltles. Value Added Tax Is not recoverable by the Charlty and 45 such 1$ Included In the relevant cojts In the statement of flnanclal actlvltles. Charlty number.. 1202171

THE MACFARLANE FAMILY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 2. INCOME FROM DONATIONSAND LEGACIES Unrestflrted and Total Funds 2025 Unrestrlcted and Total Funds 2024 Donations 385,637 471,579 385,637 471,579 3. EXPENDITURE ON CHARITABLE AcfiviTES Unrestrlrted and Total Funds 2025 Unre5tr1cted and Total Funds 2024 Professlonal fees Grants glven Bank charges Governan¢* costs 52,010 231,779 40 780 284,609 458,592 60 459,432 CREDITORS 2025 2024 Accruals 780 780 780 780 Chirity number.. 1202171 io

THE MACFARLANE FAMILY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 5. ANALYSIS OF FUNDS At l Aprll 2024 At31 Marth 2025 Income Galn$/ -losses Expendlture General Funds Unrestrlcted Income fvnds 186,970 385,637 459,432 113,175 Re#rSrted funds Total fvnds 186,970 385,637 459,432 113,175 6. TRUSTEE REMUNERATION & RELATED PARTY TRANSACTIONS No member of the board of trustees recelved any remuneration or incurred any expenses durln8 the year. There were no related party transactlons In the year 7. BENEFICIARIES The followln8 grants were dlstrlbuted durln8 the year: 2025 Lets Play Project Th6 Abingdon Bridge Souftd8boul Oxfordshirg Communlly Fndat)n Yellow Submorl Youth Conoern Peep16 Homeless People Oxford Chur¢ha8- The Gatahousg Unlcom School Trust Ja¢ar5 Rose Hlll Junlor Youth Club Asylum Welcome Be Free Young Carer$ Jersey Mencap Learnlng wlth Parents SOFEA Sundial Centre for Edu¢atlon on Harmful Practlces 25,530 10,000 31,250 50,000 25,000 26,689 30,000 24,000 28,333 35,000 25,000 25,000 25,790 25,000 29,000 25,000 ,000 458.592 Charity number: 1202171 li