The Maisi Foundation A Comp•ny Llmlled by Guarante• REPORT AND FINANCIAL 8TATEMEpirs
THE MAISI FOUNDATION (A cofflyny Ilmll•d by guAranl••l Ymr •nd•d 28 F•bnMry 2025 copirENT8 Pag• R•l•Y•nM aDd •dmlthrntl¥ Infornmllon TNt•••' r•port 4t07 Ind•p•nd•nt Examlrnr'• R•port 8tst•m•nt •t Fln•n¢l•l Artl¥ltl•• lane• •h••l 10 Not•• to Iln•nel•l •tst•m•nt• 11tot8
THE MAISI FOUNDATION {A company Ilmlted by guarant•e) Y•ar •nd•d 28 F•tsnry 2025 R•f•r•n¢e and admlnl•tratlon Inf0mTr Charity Name.. Mwsi Foundaii Charity Rggistralk)n Nurnr: 1202181 Company Roglstration Numljv. Rogter4d Ollko and op•railol p4th88: 41 Campd•n Hill Road LoTrJon W8 70X Tru•tw• exis Golthrg laF¥>ointed 1 S Fetxuary 20231 Min Hoe Kim lapp)irrt•J 15 February 20) Alexandra Sorota lapyoint•d 15 February 20231 E(loar(kn Spouciii lappjlnlwj 15 F•bruary 21Y23 J Watkln FCA BA (Honsl pltrP Cat Ac¢oUnlwY Ltn*•d 87 Hhga1fj Road Walsall WS1 WA 1Th1•pd•t Ex•mln•r 8ank•r• Orn SouthamrAon Row Lorthn WCIB SHA Pagg 3
THE MAISI FOUNDATION {A comwny limhed by guarnM••) Yw nd 28 Febru•ry 202S R•port ol th• Tru•t•M ior t4 y••r •nd•d 28 F•bnMry 2025 Th¢ Trustees. who ale diTeGtors le ihe purFMJses d compary law, rynI thr annual rw and fvnatKial slalemenlg ol thè chwty tor thè y•ar OTrd 28 F•bftwy 202S. The tnJstee8' fjnnu r•w irlUde6 di110r$. iewjrt as rgquired by o)wy law. Tho fina181 statements have bean Fx8parod in ¥¢ordgn¢• with &cntIng P196 8Ot in the not•8 to the accounts conply wrth thg charitys Uemoithjum and Artic ol Asscciabon. the Companiès Act 2006, the Charr¢i8s Act 2011 and Ac£ourrts and Reih%ting by Chariti•s". Stat•Thnt ol R0MMendj PTa¢lice ApPIable lo Chariti8$ preparing accounls in aLrordwK• wrth FInckl RoP)rtin9 Standard PpIabl0 in Ihg UK arKI Republic ol IrolarKI IFRS1021, ar¥J the Finalla1 Rfjporting StaTraard appIab in tho UK Republic ol11oland IFRS1021. Thg Maisi Foundallon 1$ a crItabl company linltèd by guarantee, In¢iTr)rat•d in EnglAj aThJ not havlng share eapftal and is gry19rn by its momoranthm and art1 ol a88(xiatron. li was inccKporalod as a mpony on 1 S F•bru•ry 2023 ar#J rngK81ofl as a charty on 6 PAarch 2023. Th9 Trustees, who alao dSwtcws Iw th• ol corTyany law, are li8t•d on PAQO 3. Tru810•8 9lV• ol their voluntarily and r&eN•d Tr) beneffts trom Iho charty. Truste8s we 8ppoinlgd by the existing Tru8tg08. Ttry are se1•¢t on Ih? basis of th¥ sympathy with Thg Maisi FOundats'S tharttablo Obj1$ and th•lr abllty lo turtl[ Ihwn u • Trnstw. nis Thg lollowlrg poltth WKI PTrrnlur•s ar0 In and lo rogular rvrfiv#'. Grtovanc• Pdlcy & Pittoduie; Data PTO¢•dlon Polky; Grant MaklryJ Pol. Grant Agreomgnt template,. Priva¢y Not&. ReseNes Polty., Ri8k Managonwnl Polry.. Tru8to88 CtsJ• of COn¢j and Conflicts ol Int•r•st'. plus HR pol106 arvj prtt•Jur8s no¢sry lo complotg OUT Stalf Handbocl( Ilncluding pay,1gave. dlxiplirwy. grvarto. eXn$88. me(a, IT, holKlays and sickn&s8 pol188). FInarla1 Controls arn in pLgce, I1lIng rewiromgnt ol Iwo aUthorMtio for ail paymonts. Purpo•M •nd dm• Our chaity's purpcw, as 8Ot In Ihe ctl1ts e(MrtainwJ in t o)mpany'$ memorarKJum ol a880oaiion, ar to.. l. AdVar •ll 0È#8cts or wrwjses thich are exclu8ivgly charitablè aLxordirwJ lo the law ol EnglarKI and Walgs in any part ol tho wodd and 18 such manneT as Ihe Irusto88 may In Iheir absolule discretion think fft. Th• TnJst•08 confirm that Ihoy ¥8 rel0•d kn the gUKlar eorrtainod in th ChArtty ComMYtOn,S g•n•r guidanco on publK bonofri whon revwirfj tyjr ain$ and and in pknnnirvJ fuluro actiwtw. AS not•d abov•. the organi8atiM has b••n Ioal0d with g•rwal purpos08 aThl oan thw•lor• b•nofft any wrpo80 deem&l exduwv•ty charitabl4 aecL¥ding to the Lgw of England arxj Wakn. Th98• wide cknJ'gcl8 hav• L•d In ordw lo prcvido t Or9&ni110n With mmuM n•xblllty lo d•v•lop its granl.making a¢tiviliK In the luturg. the Inrti lurKling Pri¢M1 aim lo bgnelil the in tho10ll¢)wing ways.. Edueailon and lh• r•llrf ol pov•rty.' Through PfOVK4ir¥ grant lurAJiTrJ and support lo schools and organisations that supF)rt chiklrèn In the UK arvy int•mattonally th• organisatton will hav8 a posillvo impact on disadvanlagod thildron and imwo* the quality of thg oducation. lood arvj sanrtary lacilibes they receNe. Paoo 4
THE MAISI FOUNDATION (A company Ilmll•d by guarnnt••) Y•ar end•d 28 February 2tr25 AdVanrn•t of •nlmal Tthrn: Thr SUFfxwts'ry anynal ware charitses, incIlira animal shèlt¢rs and sanctuaries. the organisation will wnpfove the lives. dl8¥iat8 the sull•ring, ol animals in the UK and inlernalionalty. All•vl•tlon of hom•l•Mn•# •nd hunw. •nd pro¥lalon ol oth•r hum•nlt•rl•n •upport'. Through supporting irrtomalx)nal and UK Organall05 to allgvwle homelessnes5 and hungèr. the organisations wll improve Ip40s and sufforiry ol irM'vKluals in Ied in the UK and intrnotion411y. Thr¢xyh •UFPQrting hLsmanitarian rAu8e8, 8LKh as intgmational food prtrJrammes and displacod relug886, the 0darsatIon will al80 iryove the Il¥es of individua affected by humanitarian crtyes and sth"fe. Poll¢y tor makl•vJ dOnln• Tho Iru$leo8 wll sèknt indivKJuals arKI ¢yg•nIstio lo r8c•iv8 grants lry rnIeron lo lurKlirvJ prioritia8 and procedures Sgt out in the grant Making poIy. As notwj aLw)vo, thg trustees have road ond urder8lood tho Charty Comm18sknft's eompllart6 loolkft ènd guKlance on trust88 d8CAsion makirMJ. In the cunenl year, mortary donatKrn wer• m&Y• lo Tr w1hl PTg•c (Th• Winch), RèlntJws4Chillren UK Trust arKI Groai OTmorKI Stro•1 HOWAI ChilYr•n's Charty IGOSH Chartyl. Rl•k m•n•g•m•nt Tho TruAt888 Klgntity th• mai¢Y rks to wtiioti tho chanty is eXFwfflI on an oryJoiry bui8, In partlaT tho60 r8latèd lo th8 Operati9 and fi"nancts ot thé chanty. A Risk R•ak8t8f has ten establish and Is UFdal8d and rovi&wgd quarterfy. Where aFproprwle. $y8leff or yoc•J¥Jre8 have been e8tab118hod lo mrtigale the risks I chartty laogs. The charty satisfied th81 syst$ In plx• to Mgate thelr 0xUl• to major rt8k8, whrh havg begn td8nlilt•J wewod. FInancI MVI The dèlailèd11gLtT8S aT• lrtluJod in the limncl slaterrlS. Tho Gharity a¢hievgd a do111 ol expendiluro ov•r Income lor the year ol1£8.618112024'. sU1S £20.3381. Free reserves as at the year end were £11.720 1%124'. £20.3381. Tr• woro no restr luThJs at the year 81. Prln¢lyl Fundlng SOU Th8 principal funding swr¢es for charlty arè th8 eontrbi utbns made by Ihe Speuclti lamity. Sakj contributions aro a lunclion ol Ihg gerated by invo$tmenl$ m&dg a1 Ih8relore swnrfKanlty depgnd the linartial markets. ft shoukj bg exFCted that in y•ars of posrtNg Pgrformance of the finala1 markels. the conlributlons will b6 highw. In years ol nggalive pertomiarte ol thg financial markets, the conlribulions coubj be rodu¢•d but shall aayS be enough lo ¢ov•r tho charrtys costs, reseryes and a minimal granting actNity. tt sh¢yJPJ not b& •xcludgd thal, I)Xaonal, som• Oxi•m fuTrdiry could com• Irom ¢ontrilyJts'ons by Individuals who ar part of the Sp•zzotti family'$ rwtwoth. R•••rv•• Polley Thg Board ol Tnjslees has ad1•d a PolKy lo d81onnino annually, a8 part ol tho year end ae¢wn¢• Wccgss. the rIsk-bas fesgrvo Ve1 lo bg 801 a&d•. Thg charrty al lo malnlaln r8servos at a lovel that 13 Suffiienl lo cover 3 rTh)nths ol oporalKJnal expondilLsro. This l•vd has bo8n oslablrsh•J by con8Klering th• lollrywing lactor8: thè TeliatMIty ol inwne streams. t w•ltablty ol •xwrdrturo, th• charty's risk profil• and any potèntiaj risks lo incom8 aThJ exnduT•. ar future pLgns and commitments. Thg reservos poIKy will be rvwed annually lo ensure th* rt Tgmains woprAlo for the charity's circumstafKes and noeds. Any charo8S to the pol¢y must be aFProd by the Board ol Twslees. At thg ygar 3 months expected expgnditure was £11.274 with unrgstrrled resor¥88 at £11.T20. Pagg 5
THE MAISI FOUNDATION IA company limit•d by guarnnlw) Y••r •nd•d 28 F•bru•ry 2025 Plan• for th• hrtyr• Trustees are aw&re that donatlons lo charitabb Cau this year have been l(y•6r than exF¢Cted, whth L% diièctty duè to18wer contributtons maye lo thè charty. As sel l(Nth abovè. Ihe charty is lurthd by hcomt generalad by Ihe s1zC411 lamily venlLwe capial investment WTttoho. and CtribUtIOn Iv40ls aro a lunctlon ol thè performance ol Ihks Unlornjnalety, Il portlolto has Iwl a year ol nggatN8 portormance. cau$iNJ donation iw4els lo d•creaso $bJnrficantty. In spite of this, Ihg ¢hènty to irwoase thantable gMTrJ as coryarod to1&6t year ty s99king out rther sourc•8 ol lundiro a1 hopos lor better rtmar9 01 th• Speuoili lamity F#Nttolw). charity will aL80 locus on lorging stTonggT r•lalionshw>s wlh a har*lul ol select charrties ¥rilh whom our valugs align. 8m•l Comynl••' Ex•ffyt Thg company wa$ •nIri1 to axemFlion Irom aJit urK18r etk)n 477 01 tho ConpAni•8 Act 2006 relating lo $m#ll companlos. Incom• •nd CorporntloTh T•xM Ac(1988 Ttro company ontill•J lo exonvion cortained In S11 $05 01 the ab A¢t. Page 6
THE MAISI FOUNDATK)N (A company limit•d by guarant••> Tru•t•M' r••pon•lbllltl•• In lI)n to th• fin•n¢1 •tst•m•nts twsto9$, (who are also dirtors lor thg pu?$5 ol ¢¢xnpany lawl aro r•Spon$1b lor pryring th• Trust988' Report arKI Ihe frnarrial statements in xcNdance wrth aptlKabl& law arKI Unrted Kinodom Accounting Standards lun11 Kiwjom Genal Accepted Ac¢ouNirg Pract1. Ccynpany law requiros thg Trustges lo propare linanci 5talgmonts IOT frach lina181 yoar whth gr40 a Inje arNI lair vivw ol the 8tate of affairs ol tho Charitabl• eompany and ol the incomiTh3 rosour$ aryl aFPlation ol rosoufCOS, including tho IncoTh aTrJ oxpgTrJiturg ol tho charrtabl• CnpanY lor that yaar. In thes• financial statgmants. tha Iruslees are required lo.. s81t surttho accounlrng polKies arJ tn cfjnslstwtty; obsetve th8 mothtsJs and Pri1P13 of the Charitios SOAP.. make IleMents and ostimat•s that we reasonable and pnJont; state whether awicablo aeetyjnling slandaTds have bo8n lolluat9d. SLttpct to any dwrturos di10&•d and oxplained in financial 81atem•ntJ." #nd., pr•pere tho linanci slaleftts on th• goiryd cofKOTn b88io Unl it 18 inapwOwtè to PT6sumo that the charfrtabla wnpany wll ntInue in trsiness. Trustees are respons16 for kwNig 8dwale a(xxJuntiry T05 thieh dlk)98 wlth r•8sonabl8 accuracy at any tim• th• linar1&1 p)$rtK•n ol tho charrtab company a1 enablo thgm lo ensure that the linarKi81 8lattm•nts eomply with the Corkyans ki 2006. Trust8as are also i•sp)nsit40 lor safeguwding the assets ol charrt8bl• company aTrJ hgrKg lor tary feas0nfib sty IOT the wgv?rrtion and d8tection ol tra and other irr•Julariti88. Tho Trusloos arg respon&b lor the maintgnancg and rfggnty ccp)ral• and finala1 inlornallon included on tho charitabk conpany's wthil•. L•Jislation in Unitod Kirudom governing tho pryration arKI dwination ol stat8mgnts may difler fromlogislatvjn in olhor luri8dietions. D•t• •pprov•d by th• Bo• ember 2025 8lgn•d on b•hll ol th• Board AloxandrA Sorota TnJ8tè• Pag0 7
THE MAISI FOUNDATION {A company limited by guar•nteel Year ended 28 F•bnAry 2025 INOEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MAISI FOUNDATION Yeor end 28 Febnwry 2025 I repjrt lo Ihe Iruslees on my examinalion ol Ihe financsal staiements ol The Maisi Foundation Ilhe Charty'l lor the year ended 28 February 2025. Re•pon¥lbllttles and ¥1 ol report This report is made sol¢ly to the Trustees, as a b)(ty. in accordan¢8 with Ihe Charities Act 2011. My examination Mas been undertaken so that I might state to the Truslees those matters l am reguired lo state 10 Ihern in an Independent Examiner's rerJ)rt and tor no olher purpose. To Ihe fullest exient permitled by law I do nol accept or assume responsibility lo anyone other Ihan the charrty the Trustees a$ a body. fo my exarnination. lor this report, or lor the opinions I havg formed. As the Irusle8s ol ihe conwjany la aL%o 11$ direclors lor the W1)se5 ol ¢ompany lawl you aro responsible lor Ihe preparation ol Ihe financial stalements in accordance wilh the reqvlremnts of the Companies Act 20061'thè 2006 Aci'i. Having Satisfied myself that ihe accounls of the Company are not reouir¢d lo be auditgd under Part 16 01 the 2006 Act and are elKJible lor indeprent examinalion. I reporl in resp1 ol my examination ol the charity's accounts as carried oul under s8¢b'on 145 01 Ihe Chariti•s Aci 2011 I'l 2011 Act'i. In carrying oui my exarninalion l 1ve lolknved the Direclm 9Nen by the Charity Commi$$ion u¢r section 14S1Sllbl ot the 2011 Acl. Indep•nd¢nl •xmin6r's st•t•ment I havo completed my oxaminat*)n. I confirffl that no mattèrs h8ve come lo my alt•nlion in connectKsn with the exarninalon giving rne ¢ause 10 believe- 1. ac¢ounliThJ records were nol kepi In respect ol the chan'ty as r¢quirod by s¢dion 386 01 th8 2006 Aet.. or 2. Ihe linanclal statemènts do nol accord wilh those records.. of 3. the Iinancial slalemenis do nol comply with the a¢¢¢uniing requirements o15e¢tion 396 01 Ihe 2006 Act olher than any requirorn8nt (hat Ihe accounts give a'true arnl lai¢ vi8w which Is nol a maitgr consi¢Jered as parl ol an independent examinaiKJn', or 4. the financial statements have nol teen wepared in accordance wilh Ihg rnelhods and prinoplgs ol the Siatement ol RecommeThJed Praclwx lor accounling and reporting by charrtie5 applicable lo charilies preparing Iheir accounls a¢¢ordance wilh the Financial Aepofling Standard applicable In the UK and Republic ¢1 Iraland IFRS 1021. I have no concerns an¢J have come across no olher mailèrs ¢n connection with Ihe examination to which attention should be drawn in this report In ¢ydgr lo enablè a proper Lsnderstanding ol Ihe accounts lo be réached. J Walkln FGA Purple Cat Accountancy Limrted 87 Highgate Road Walsall Wesl midlar$ WS1 25 S8plomber 2025 Page 8
THE MAISI FOUNDATION (A comPY Itmlted by gu•r•nte•) Y•w •nded 26 F•bnry 2025 ststenY4nt of Flnanolal Actlvllles (Includlw Iorne and expendfture K¢ount) lund• 2025 Total lund Total lund• Incom• from: Voluntary IOMe Invg$lm8nl incom 36,300 177 fy),725 1TI Tot•1 Incgm• 36.477 36.471 61,059 Exp•ndltur• on: Cli10b 8clivil*s 45,095 40.721 Totsl r••oure•• •xpthd•d 45.095 40,721 N•1 IloMI I InMm• tor th• b•foM olh•r Y•co9nl••d galn• and low• 18.6181 (8,618} 20,338 N•1 ftiov•m•ni In lund• 18.6181 18.6181 20,338 A•¢onclll•tlon ol lund• Fur balance broughl lorward Fur balance al 28 Fobruary 2025 11,720 11,7ZI 20,338 Tho accompanying rnt•8 Icrfm part ol financi statwn•nts. Tho statement ol n4101 aCtrt ir$ all gairn and Ic48es rwii8•J in y•ar. I fLtfvili•8 dorfv• from contknulrs op•rAtion& Page 9
THE MAISI FOUNDATION (A ¢¢mpany Ilmlt•d by gu•rnnt•• BALANCE SHEET 28 F•bruory 2025 R•gl•t•r•d company numb•r 14064WJ 28 F•b 2024 Curr•nt a••• Cash al bank and in har¥J 13,367 21,976 13,367 21,976 Cr•dltor•.' 4mount8 lalllng duo wrthin ong year 10 (1.647) 11,6361 N•t curr•nt •••t• 11,720 Not ••••t• 11.rdo 20,338 Unr••trl¢t•d fund• General lunds 11,720 Tot•1 11,7%) 20.338 For the financial year in 9ue¥tion the ¢oryany was entlS•d to •x•mFlion from •uth urrtJ•r 8octkx14TI of tho ConVan Acl 2006 relating lo 8nwll companv4$ No Thmbers have requlred tho comparty lo obtain an al11 ol its ejnts for th• y•w in qu•stn In a¢Cordae whh SKI1 476 01 the cpan AGI 20th3. Tho dITlor$ 8d(nowWg• Ihelr re¥pon$SY tor comp. with r•quir•m•nts ol tho kl with roo lo a(£ounting recfxds lor the pr•pwalion ol accounts. T$¥ aCCn hav• be prepor•d In ac¢ordar¢• ¥Ath tho awl4bkn tr) comp188 $ui4•¢1 to Ihg small conpanies, r*Jim•. Approv•d by lh• B¢wd on 25 septbr 2025 Alexandra Sorota The accompanWrKJ not•8 lorn part ol th880 lInancl slatonw)ts. Pag010
THE MAISI FOUNDATION {A company Ilmited by guarnnte•) Yojr ond•d 28 F•brtsary 2025 NOTES TO THE ACCOUNTS l. Accourrtlng pollcl•• The prlncipal a(rounting 1[¢ In Ihe preparatK)n ol Ihese linandal slatements are set out below. Z St•t•m•nt ol compllanc• Th8se financial slalemenls have been F¥gpar8d in C£Jmplianc£ with FRS 102, Tho Financial Rerorting Standard applicable in the UK and the Rèpublic of IrelarKJ', the Statement ol Recommended Practice applicable lo charities preparing Ihèir accounts in acCOrde wilh the Financial Roporting Standard appIable in the UK and Republ of Ireland {FRS 102) (Charitles SORP IFRS 102)) and the Companies Act 2C#)6. Accounllng pollel Ba of pr•prntloTh Assets and liatslities are initialty recoontsad at his)Cal o)st or traiwtk)n value unloss otharwlse stated in the relevant accounting policy note. In¢omlng r••tsure•• All Incomiro resources are indwled in the atem8nl of ffinanclal Villa$ entitlement has passed to the charity., it is probable that the econom benelsts a$Slated wtth the Iransactlon WIN Ih)w to the charity and the arnounl can be relw measured. The tolknwlng sp8cift wudes are ar4)lled lo particular categories of income.. Income from donatnS or grants is recognised whèn there is evhJ8nc ol gntitlement lo the gift, receipt is pIcable, its amunl can be measure¢J reliabty and any conditnS ot recelpi have been met. A••oUr •xP•I•d Exponditure is rec<)gnised on an arualS basls &8 a Ua061ty Is incurr8d. eXndItUre on Charitab aclNilies includes all o)sts incurred by a charty in undertaking activities that further its chanlable aims for the benelil ol its benellciaries, including those supwrt costs ar#J costs relating to Ihe VernanCe ol the charty 8rt)ned to charitable activiknes. All costs including irrecoverable VAT are althaled lo expendrfure caiegores reflecting the use ot the resourc&. Dlrect $ts attributable to a Sing actsvity are alk)cated directty to that a¢tivily. Shared costs ar& arp)rtDned between the activrties conlribule to on a reasonable, justifiable and o)nsistent tSiS. T•xatlo The Maisi FoundatK>n Is a registered Charity and is therefore exempt from paying cofp)rk?n tax on charitable actlvlties. Pag811
THE MAISI FOUNDATION <A compjny limit•d by guarantee) Flnancl•l In•trumw A financial asset or a financial liabilty is recL¥Jnised onty when the entlty becomes a paty to Ihe comrathual proVk8nS of the instrument. Basr financial instruments are inrtially rocthJnise(l ai the amount receivablo or payable induding any relate(I tranSln costs. unkn the arraf¥Jement nslilutes a financing Iransaclion. where it i8 reuyJns8d at the present value of the futu payments dis(Xsunt&S at a market rate of interest for a similar detrt Irtrument. Current assets arKI Current Ilabllities are subsffjuently m8asur&J at the cash other nSideratn exkcled to paKI or rec8N&J and not discount8d. P•n•lon• All slaff ale elwJlble for empk)yer's pensw)n cntrit¥JtKJns to b8 paKJ to a staketK)bder or equhal8nt contritKrtory person81 p8nsK)n scheme. Judg•m•nt8 and k•y •oure•• ol ••llm•tlon une•rtdnty The preparallon ol Ihe tInala1 statements requires management to make1geMents, 8Stlmates and assumptions that affect the amourrts r8fKlrt8d. These 8Stimales and judgemenls are ntInual reviewed and are based on exper1ere other laclcfs, induding exPtatIOnS ol future 6wents that are believed lo be reasable under the ¢iUMar8s. Al Ihe balance sh88t date the group hehj &quate cash balanc8s and reseprfes. On that basls the Truste8s have wepared these financial statements on a going ¢oncrn ba818. Publ1¢ b•n•fft •fitlty The charttabl8 company meets the definitK)n of a public benefrt entity undef FRS 102. Page 12
THE MAISI FOUNDAMON (A e¢mpny Ilmited by guarnnle•) Yr •nd 28 February 2025 NOTES TO ThE Accouiffs {COht....) Yontsry Inconm Total Total 24 F•b 2024 28 F•b 2025 Ch)naUefia 9),725 e0,725 l Nrlunlary lTrxrn• th• p•thtyJ 28 F8tsLWy 2024 w•$ unrfjslrlc InvMn•nl Ineom• Lknrn•trlct•d 28 F•b 202S To¢•1 Tol•l 28 F•b 2024 Int•r••t r¥•b 177 ln All Invwlrn•nl Inc4)m• i•¢dvwJ Flod •r#l•d 28 F¥)N•ry 2r&4 T0•trI•d Exp•ndllUM on chrll•l)l• •¢fj¥l¥ (knmtricl•d 28 F•b Totsl T•tsl 28 F•b 2024 12.674 SpJTrsornNp Staff EfflY•r f•nth ty4t• Lryallo 4nd UntInl l• (>)vwnW0 ¢ts Bank charg•1 SY,375 33.375 17,5 7.$98 93 1,500 414 40,721 All 0Xp•1Jr IrvJv•d In I p•lod •rbJ*l 28 F•bnJ•y 2024 1A•d lknr••trl¢l•d Tot•1 Tot•1 2025 2024 Indwtknl f• Page 13
THE MAISI FOUNDATION (A company 11ml1 by gu•rnnt••) YMr •nd•d 28 F•bru•ry 2025 NOTES TO THE AC¢OUI(rs {¢ont....) 8 Employe• co•t• Thg charty employ•J one of staff tho yofir urthr fgViOW Th•Tè W8Tè no employees wh)se to èmFloy•• benelts 1•xdlITha 8)YeT pon8lon costs) •xGgod¢d £60,000.12024'. nmél 9 TN•tw rnmun•rllon No trustee OT othor por8on felated lo thg charty had any personal irtorest in any Cllt or transacllon entored Into ty thè duriry the yw. 10 Cr•dlt¢M 28 F•b 2025 28 F•b 2024 Accru$ Othw crgditorn 147 1,647 1,638 11 m0M•nI In lurKI• brought 8al•nc• ttl lorw•rd Ineomlng I900 Trnnth 28 F•b 2025 Unr••trl¢t•d lund• General lund 36.4TI (45,0951 11,720 T¢)t•l unr••trlcl•d lund• 36,477 (45,095) 11,720 Totsl lund• 20.338 36,477 145.0951 11,720 Mov•m•nt In fur* {pil¢Jr y•• B•l•nc• Bal•n al lomrd Incoffllng irtgOa Trnn•f•r• 28 F•b 2024 unr•TIct•d iund• G9n&ral fund 61.059 {40.7211 Totol unrn•trl¢t•d lund• 61,059 140.721) 20,338 Totsl fvnd• 61.059 140,7211 20.338 Paga 14
THE MAIS FOUNDATION {A ¢ixTrpfftny Ilmlted by guarnntw) Y•ar •nded 28 F•bnJary 2025 12 An•ly81 of n•t a•••ts b•tw••n fund• Totsl Fur• 28 F•b Total Fund• 28 Feb 2024 Fund• Current ass8ts Creditors IS than 1 y8ar 13,367 11,647) 13.367 11.6471 21,976 11,6381 11.720 11.720 20,338 13 R•l•i•d P•rty TrwKtIoM Durirvd tho year urJ•r rovivaT tho charty r1¥•j thY4liorvJ ol Irom Ai•xantha StyoLq and E¢&Jath SF22thi. T108(2024.. £60.7251 14 Tox•don As a charitatA8 company. Th• Maisi FourNJation 1$ •x•mFrt from tax and gains lo the extent that Ih88è 8r• aFpld lo its charQable (tyxs. No lax charggs ¥9 wi60n wlhin tho ¢harttablo conpany. Pago 15