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 TN*t•••' 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•tsn￿ry 2025 R•f•r•n¢e and admlnl•tratlon Inf0m￿Tr Charity Name.. Mwsi Foundaii Charity Rggistralk)n Nurn￿r: 1202181 Company Roglstration Numljv. Rog￿ter4d Ollko and op•railo￿l 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¢oUnlw￿Y Ltn*•d 87 H￿hga1fj Road Walsall WS1 WA 1Th1•p￿d•￿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, ry￿nI th￿r annual rw and fvnatKial slalemenlg ol thè chwty tor thè y•ar OTrd￿ 28 F•bftwy 202S. The tnJstee8' fjnnu￿ r•w ir￿lUde6 di1￿10r$. iewjrt as rgquired by o)wy law. Tho fina￿181 statements have bean Fx8parod in ¥¢ordgn¢• with &c￿￿ntIng P￿￿196 8Ot in the not•8 to the accounts conply wrth thg charitys Uemoithjum and Artic￿ ol Asscciabon. the Companiès Act 2006, the Charr¢i8s Act 2011 and Ac£ourrts and Reih%ting by Chariti•s". Stat•Thnt ol R￿0MMend￿j PTa¢lice ApPI￿able lo Chariti8$ preparing accounls in aLrordwK• wrth FI￿nck￿l RoP)rtin9 Standard PpI￿abl0 in Ihg UK arKI Republic ol IrolarKI IFRS1021, ar¥J the Final￿la1 Rfjporting StaTraard appI￿ab￿ in tho UK Republic ol11oland IFRS1021. Thg Maisi Foundallon 1$ a c￿rItabl* company linltèd by guarantee, In¢iTr)rat•d in EnglA￿j aThJ not havlng share eapftal and is gry19rn￿ by its momoranthm and art￿1￿ ol a88(xiatron. li was inccKporalod as a mpony on 1 S F•bru•ry 2023 ar#J rngK81of*l 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. Ttr￿y are se1•¢t￿ on Ih? basis of th￿¥ sympathy with Thg Maisi FOundats￿'S tharttablo Obj￿1$ 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 pol￿106 arvj prtt•Jur8s no¢￿s￿ry lo complotg OUT Stalf Handbocl( Ilncluding pay,1gave. dlxiplirwy. gr*varto. eX￿n$88. me(*a, IT, holKlays and sickn&s8 pol￿188). FInar￿la1 Controls arn in pLgce, I￿1￿lIng rewiromgnt ol Iwo aUthorMtio￿ for ail paymonts. Purpo•M •nd dm• Our chaity's purpcw, as 8Ot In Ihe ctl1￿ts e(MrtainwJ in t￿ o)mpany'$ memorarKJum ol a880oaiion, ar to.. l. AdVar￿ •ll 0È#8cts or wrwjses t*hich 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 ComMY￿tOn,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 I￿o￿al0d 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&ni￿110n With m￿*muM 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 AdVan￿rn•￿t of •nlmal T*thrn: Thr￿ SUFfxwts'ry anynal w￿are charitses, incI￿lir￿a 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 Organ￿all0￿5 to allgvwle homelessnes5 and hungèr. the organisations wll improve Ip40s and sufforiry ol irM*'vKluals in I￿ed in the UK and int*rnotion411y. Thr¢xyh •UFPQrting hLsmanitarian rAu8e8, 8LKh as intgmational food prtrJrammes and displacod relug886, the 0￿dar￿satIon will al80 iryove the Il¥es of individua affected by humanitarian crtyes and sth"fe. Poll¢y tor makl•vJ dOn￿l￿n• Tho Iru$leo8 wll sèknt indivKJuals arKI ¢yg•nIs*tio￿ lo r8c•iv8 grants lry rnIeron￿ lo lurKlirvJ prioritia8 and procedures Sgt out in the grant Making poI￿y. 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, mor*tary donatKrn wer• m&Y• lo Tr* w1￿h￿l￿ PTg•c* (Th• Winch), Rèlnt*Jws4Chillren 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 r*ks to wtiioti tho chanty is eXFwfflI on an oryJoiry bui8, In part￿laT tho60 r8latèd lo th8 Operati￿9 and fi"nancts ot thé chanty. A Risk R•ak8t8f has t*en 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 M￿gate thelr 0x￿Ul• to major rt8k8, whrh havg begn td8nlilt•J wewod. FInancI￿ MVI The dèlailèd11gLtT8S aT• lrtluJod in the limnc￿l slaterr￿lS. Tho Gharity a¢hievgd a do1￿11 ol expendiluro ov•r Income lor the year ol1£8.618112024'. sU￿1￿S £20.3381. Free reserves as at the year end were £11.720 1%124'. £20.3381. T￿r• woro no restr￿￿ luThJs at the year 8￿1. 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 ge￿rated by invo$tmenl$ m&dg a￿1 Ih8relore swnrfKanlty depgnd the linartial markets. ft shoukj bg exF*Cted that in y•ars of posrtNg Pgrformance of the fina￿la1 markels. the conlributlons will b6 highw. In years ol nggalive pertomiarte ol thg financial markets, the conlribulions coubj be rodu¢•d but shall a￿ayS be enough lo ¢ov•r tho charrtys costs, reseryes and a minimal granting actNity. tt sh¢yJPJ not b& •xcludgd thal, I)Xa￿onal￿, 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 ad￿1•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•l￿tabl￿ty ol •xwrdrturo, th• charty's risk profil• and any potèntiaj risks lo incom8 aThJ ex￿nd￿uT•. ar￿ future pLgns and commitments. Thg reservos poIKy will be r￿v￿wed annually lo ensure th* rt Tgmains woprAlo for the charity's circumstafKes and noeds. Any charo8S to the pol¢y must be aFPro￿d 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 s￿1zC411 lamily venlLwe capial investment WTttoho. and C￿tribUtIOn 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 $bJnrficantty. In spite of this, Ihg ¢hènty to irwoase thantable gMTrJ as coryarod to1&6t year ty s99king out rther sourc•8 ol lundiro a￿1 hopos lor better ￿rt￿mar￿9 01 th• Speuoili lamity F#Nttolw). charity will aL80 locus on lorging stTonggT r•lalionshw>s wlh a har**lul ol select charrties ¥rilh whom our valugs align. 8m•l Comynl••' Ex•ffyt Thg company wa$ •nIri1￿ to axemFlion Irom a￿Jit 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 S￿11￿ $05 01 the ab￿ A¢t. Page 6 THE MAISI FOUNDATK)N (A company limit•d by guarant••> Tru•t•M' r••pon•lbllltl•• In ￿lI)n to th• fin•n¢￿1 •tst•m•nts twsto9$, (who are also dir￿tors lor thg pu￿?$*5 ol ¢¢xnpany lawl aro r•Spon$1b￿ lor pryring th• Trust988' Report arKI Ihe frnarrial statements in xcNdance wrth aptlKabl& law arKI Unrted Kinodom Accounting Standards lun11￿ Kiwjom Gen￿al￿ Accepted Ac¢ouNirg Pract￿1. Ccynpany law requiros thg Trustges lo propare linanci￿ 5talgmonts IOT frach lina￿181 yoar whth gr40 a Inje arNI lair vivw ol the 8tate of affairs ol tho Charitabl• eompany and ol the incomiTh3 rosour￿$ aryl aFPl￿ation ol rosoufCOS, including tho IncoTh aTrJ oxpgTrJiturg ol tho charrtabl• C￿npanY lor that yaar. In thes• financial statgmants. tha Iruslees are required lo.. s81￿t surttho accounlrng polKies ar*J t￿n cfjnslstwtty; obsetve th8 mothtsJs and Pri￿1P1￿3 of the Charitios SOAP.. make Il￿eMents and ostimat•s that we reasonable and pn*Jont; state whether awicablo aeetyjnling slandaTds have bo8n lolluat9d. SLttpct to any dwrturos di￿10&•d and oxplained in financial 81atem•ntJ." #nd., pr•pere tho linanci￿ slaleft￿ts on th• goiryd cofKOTn b88io Unl￿ it 18 inapwOw￿tè to PT6sumo that the charfrtabla wnpany wll ￿ntInue in tr￿siness. Trustees are respons￿16 for kwNig 8dwale a(xxJuntiry T￿0￿5 *thieh dl*k)98 wlth r•8sonabl8 accuracy at any tim• th• linar￿1&1 p)$rtK•n ol tho charrtab￿ company a￿1 enablo thgm lo ensure that the linarKi81 8lattm•nts eomply with the Corkyan*s ki 2006. Trust8as are also i•sp)nsit40 lor safeguwding the assets ol charrt8bl• company aTrJ hgrKg lor ta￿ry feas0nfib￿ sty IOT the wgv?rrtion and d8tection ol tra￿￿ and other irr•Julariti88. Tho Trusloos arg respon&b￿ lor the maintgnancg and rfggnty cc*p)ral• and fina￿la1 inlornallon included on tho charitabk* conpany's wthil•. L•Jislation in Unitod Kirudom governing tho pryration arKI dwination ol stat8mgnts may difler fromlogislatvjn in olhor luri8dietions. D•t• •pprov•d by th• Bo• ember 2025 8lgn•d on b•hll ol th• Board AloxandrA Sorota TnJ8tè• Pag0 7 THE MAISI FOUNDATION {A company limited by guar•nteel Year ended 28 F•bnAry 2025 INOEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MAISI FOUNDATION Yeor end￿ 28 Febnwry 2025 I repjrt lo Ihe Iruslees on my examinalion ol Ihe financsal staiements ol The Maisi Foundation Ilhe Charty'l lor the year ended 28 February 2025. Re•pon¥lbllttles and ￿¥1* ol report This report is made sol¢ly to the Trustees, as a b)(ty. in accordan¢8 with Ihe Charities Act 2011. My examination Mas been undertaken so that I might state to the Truslees those matters l am reguired lo state 10 Ihern in an Independent Examiner's rerJ)rt and tor no olher purpose. To Ihe fullest exient permitled by law I do nol accept or assume responsibility lo anyone other Ihan the charrty the Trustees a$ 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 indep*r￿ent examinalion. I reporl in resp￿1 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 •x*min6r'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 comP￿Y Itmlted by gu•r•nte•) Y•w •nded 26 F•bn*ry 2025 ststenY4nt of Flnanolal Actlvllles (Includlw I￿orne and expendfture K¢ount) lund• 2025 Total lund* Total lund• Incom• from: Voluntary I￿OMe Invg$lm8nl incom 36,300 177 fy),725 1TI Tot•1 Incgm• 36.477 36.471 61,059 Exp•ndltur• on: C￿li10b￿ 8clivil*s 45,095 40.721 Totsl r••oure•• •xpthd•d 45.095 40,721 N•1 IloMI I InMm• tor th• b•foM olh•r Y•co9nl••d galn• and low• 18.6181 (8,618} 20,338 N•1 ftiov•m•ni In lund• 18.6181 18.6181 20,338 A•¢onclll•tlon ol lund• Fur￿ balance broughl lorward Fur￿ balance al 28 Fobruary 2025 11,720 11,7ZI 20,338 Tho accompanying rnt•8 Icrfm part ol financi￿ statwn•nts. Tho statement ol ￿n4￿101 aCt￿rt￿ ir￿￿$ 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 al￿11 ol its ￿e￿jnts for th• y•w in qu•st￿n In a¢Corda￿e whh SKI1￿ 476 01 the c￿pan￿ AGI 20th3. Tho dIT￿lor$ 8d(nowWg• Ihelr re¥pon$S￿￿Y tor comp￿.￿ with r•quir•m•nts ol tho kl with roo lo a(£ounting recfxds lor the pr•pwalion ol accounts. T￿$¥ aCC￿n￿ hav• be￿ prepor•d In ac¢ordar¢• ¥Ath tho awl*4bkn tr) comp￿188 $ui4•¢1 to Ihg small conpanies, r*Jim•. Approv•d by lh• B¢wd on 25 sept￿b￿r 2025 Alexandra Sorota The accompanWrKJ not•8 lorn part ol th880 lInanc￿l slatonw)ts. Pag010 THE MAISI FOUNDATION {A company Ilmited by guarnnte•) Yojr ond•d 28 F•brtsary 2025 NOTES TO THE ACCOUNTS l. Accourrtlng pollcl•• The prlncipal a(rounting ￿1[¢￿ In Ihe preparatK)n ol Ihese linandal slatements are set out below. Z St•t•m•nt ol compllanc• Th8se financial slalemenls have been F¥gpar8d in C£Jmplianc£ with FRS 102, Tho Financial Rerorting Standard applicable in the UK and the Rèpublic of IrelarKJ', the Statement ol Recommended Practice applicable lo charities preparing Ihèir accounts in acCOrd￿￿e wilh the Financial Roporting Standard appI￿able in the UK and Republ￿ of Ireland {FRS 102) (Charitles SORP IFRS 102)) and the Companies Act 2C#)6. Accounllng pollel Ba￿* of pr•prntloTh Assets and liatslities are initialty recoontsad at his￿)Cal o)st or traiwtk)n value unloss otharwlse stated in the relevant accounting policy note. In¢omlng r••tsure•• All Incomiro resources are indwled in the *atem8nl of ffinanclal ￿*Villa$ entitlement has passed to the charity., it is probable that the econom￿ benelsts a$S￿lated wtth the Iransactlon WIN Ih)w to the charity and the arnounl can be relw measured. The tolknwlng sp8cift wudes are ar4)lled lo particular categories of income.. Income from donat￿nS or grants is recognised whèn there is evhJ8nc* ol gntitlement lo the gift, receipt is pIc￿able, its amunl can be measure¢J reliabty and any condit￿nS ot recelpi have been met. A••oUr￿* •xP•￿I•d Exponditure is rec<)gnised on an a￿rualS basls &8 a Ua061ty Is incurr8d. eX￿ndItUre on Charitab￿ aclNilies includes all o)sts incurred by a charty in undertaking activities that further its chanlable aims for the benelil ol its benellciaries, including those supwrt costs ar#J costs relating to Ihe ￿VernanCe ol the charty 8￿rt￿)ned to charitable activiknes. All costs including irrecoverable VAT are althaled lo expendrfure caiegores reflecting the use ot the resourc&. Dlrect ￿$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 t￿SiS. T•xatlo The Maisi FoundatK>n Is a registered Charity and is therefore exempt from paying cofp)r*k?n tax on charitable actlvlties. Pag811 THE MAISI FOUNDATION )vwnW￿0 ¢￿ts Bank charg•1 SY,375 33.375 17,5 7.$98 93 1,500 414 40,721 All 0Xp•￿1￿Jr* IrvJv•d In I￿ p•lod •rbJ*l 28 F•bnJ•y 2024 ￿￿￿1￿A•d lknr••trl¢l•d Tot•1 Tot•1 2025 2024 Indwtknl f• Page 13 THE MAISI FOUNDATION (A company 11ml1￿ by gu•rnnt••) YMr •nd•d 28 F•bru•ry 2025 NOTES TO THE AC¢OUI(rs {¢ont....) 8 Employe• co•t• Thg charty employ•J one of staff tho yofir urthr fgViOW Th•Tè W8Tè no employees wh)se to￿ èmFloy•• benelts 1•xd￿lITha 8￿￿)￿YeT pon8lon costs) •xGgod¢d £60,000.12024'. nmél 9 TN•tw rnmun•r*llon No trustee OT othor por8on felated lo thg charty had any personal irtorest in any C￿ll￿t or transacllon entored Into ty thè duriry the yw. 10 Cr•dlt¢*M 28 F•b 2025 28 F•b 2024 Accru￿$ Othw crgditorn 147 1,647 1,638 11 m0￿M•nI In lurKI• brought 8al•nc• ttl lorw•rd Ineomlng I￿90￿0 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 i￿rtgO￿a 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 I￿S 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 Tr*wKtIoM Durirvd tho year ur*J•r rovivaT tho charty r￿1¥•j thY4liorvJ ol Irom Ai•xantha StyoLq and E¢&Jath SF*22thi. T￿￿108(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• aFpl￿d lo its charQable (tyxs. No lax charggs ￿¥9 wi60n wlhin tho ¢harttablo conpany. Pago 15