THE MOIZI PROJECT FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 Registered Charity Number: 1203969
THE MAZI PROJECT FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 CONTENTS PAGE Trustees Annual Report Reference and administration details Independent Examiner's Report Statement of Financial Adivities Balan Sheet Notes to the Financial Statements 9-13
THE MAZI PROJECT TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE & MANAGEMENT Status The MAZI Project is a Charitable Incorporated Organisalion (CIO}, registered with the Charily Commission on 13 July 2023. It operates under a foundalion model, governed by a Board of Trustees who provide strategic direction, ensure compliance wilh legal obligations, and safeguard the charity's assets. The trustees meet regularly to oversee operational and financial perfomiance, risk management, and long-term planning. Trustees are recruited through a transparent prOsS based on skills, experien, and commitment to our mission. New trustees undergo a formal induction prcKess to ensure they are aware of their responsibilities and the work oflhe charity. Day-to-day operations are Managed by a dedicated team of slaff and volunteers, with oversight from the Board. The charity maintains a risk register, which is reviewed quarterly to identify and mitigate potential risks across financial, operational, reputational, and safeguarding areas. OBJECTIVES AND ACTIVITIES The objective of The Mazi Project is the relief of proverty, particularly for those ages 16 - 25 years old by.. The provision of subsidised weekly food boxes The provision of workshops and educational sessions designed to increase cooking skills and nutrition so as to encourage cooking independence. Mission and Approach.. Our mission is to empower disadvantaged young peOpl1CludIng care leavers, asylum seekers, and those recovering from homelessness or domeslic ViolenthrOUgh the power offood. We use food as a tool for social mobility. advocacy and a cure lo the public health crisis. By delivering our aMAZln reci e kits and woking workshops, we use the notion of the dinner table and breaking bread, lo reduce isolation, build Confiden and make those in need feel cared for and extraordinary. The trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit. Our activities directly address food insecurity and promote independence among vulnerable young people, conlributing to the public good.
THE MAZI PROJECT TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2025 ACHIEVEMENTS AND PERFORMANCE aMAZlng Meal Kit servi.. We provide weekly meal kits, allowing young people to choose up to three recipes from a selection of twenty seasonal Opiions. Volunteers pre-weigh and pack ingredients. which are then delivered directly to participants. Each kit includes locally soUrd, fresh ingredients and educational recipe cards. Educational Programs.. Our programs empower individuals to overcome food-related challenges, offering pathways to education and employment. We provide accessible, uplifting food education through community outreach. including a 4-week food education programme that culminates in an ASDAN qualification. Community Engagement: In 2025. we completed a successful crowdfunder, where we hugely appreciale the help and support our community. FINANCIAL REVIEW During the financial year ended 31 March 2025, The MAZI Projecl continued to grow in scale and impact. While the charity was formally registered in 2023, many activities were initially delivered through our Community Interest Company. The transition into a registered charity structure allowed us to enhance governance and accountability. At the end of the financial year, the MAZI Project's total income amounted to £141,692, with expenditure for the same period totalling £103,240. This resulted in a net movement in funds of £38,452. Atlhe year end the The MAZI Project held lotal funds of£38,452, comprising both restricted and unrestricled reserves. The Truslees consider the charity to be in a slable posilion, with sufficient resources to continue delivering its charitable activities and meet its obligations in the coming year. The MAZI Project aims to hold 3- 6 months of expenditure in reserves, which equates to £25,810- £51,620. The free reserves held at the year-end are £34.104. We are currently operating within our reserves policy. Full financial statements, prepared in accordance with the Charilies SORP. are included separately. The trustees confirm that adequate financial controls and oversight mechanisms are in place. PLANS FOR THE FUTURE We aim lo expand our reach by increasing the number of young people served through our meal kit service and educational programs. Plans include acquiring a dedicaled delivery van to enhance distribulion efficiency and sustainability. We also intend to deepen partnerships with local food producers and community organizations to further our mission.
THE MAZI PROJECT TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2025 Statement of trustees. responslbllltles The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102.. The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year whiGh give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charities SORP., make judgments and accounting 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., and prepare the financial statements on the going concern basis unless it is inappropriate to presume thal the charity will continue in business. The trustees are responsible for keeping sufficient accounting records that disclose wilh reasonable accuracy at any time the financial position of the charty and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deedlconstitution. They are also responsible for safeguarding the assets of the charity and hence for laking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the board of Trustees on behalf by.. 17 November 2025 and signed on its Robert Hagen (Chair of Trustees)
THE MAZI PROJECT REFERENCE AND ADMINISTRATIVE INFORMATION YEAR ENDED 31 MARCH 2025 Charlty reglstratlon number 1203969 Charity's principal address Unit 2 Whitehouse Lane Brislol BS3 4DJ Website www.thernaziproject.com Trustees The Trustees who served during the year and since the year end were as follows.. Robert Hagen Alison Weir Catherine Lighrfoot Jenny Hodgson Peregrine Quinn Maisie Evans Brian Halford Chair of Trustees (resigned 15 September 2025) (appointed 12 June 20241 (appointed 12 June 20241 (appointed 12 June 20241 (appointed 1 June 2024) Agents and Advisors Independent examiner.. Joshua Kingston BSC. ACA, Burton Sweet Limited Chartered Accounlants,The Clock Tower, 5 Farleigh Court, Old Weslon Road, Flax Bourton, Bristol, BS48 1UR Bankers.. The Co-operative Bank plc, PO Box 101, 1 Balloon Streel, Manchester, M60 4EP
THE MAZI PROJECT INDEPENDENT EXAMINER'S REPORT YEAR ENDED 31 MARCH 2025 Independent examlnerfs report to the trustees of The Mazl Project I report to the trustees on my examination of the accounts of The Mazi Project (the Charity) for the year ended 31 March 2025. Responsibilities and basis of report As the charity trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the Act'l. I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Acl and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515){b) of the Acl. Independent examinerfs statement I have completed my examination. I confirm Ihat no material matters have come to my altenlion in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Charity as required by section 130 of the the accounts do not accord with those records- or the accounts do not comply with the applicable requirements Conrning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ockkn LL C Joshua Kingston Bsc. ACA Burton Sweet Chartered Accountants The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1 UR Date: 17 November 2025
THE MAZI PROJECT STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2025 Unrestricted Restricted Funds Funds Total funds 2025 Total funds 2024 Note Income from: Donations Other trading activiles Investments 92,055 9,812 49 39,776 131.831 9,812 49 Total income 101,916 39,776 141,692 Expenditure on: Charitsble activities 67,812 35,428 103,240 Total expenditure 67,812 35,428 103,240 Net incomellexpenditurel and net movement in funds 34,104 4,348 38,452 Total funds at the start of the period 11 Total funds at the end of the period 11 34,104 4,348 38,452 The charity has no recognised gains and losses other than the results for the year as set out above All of the activities of the charity are classed as continuing Prior period fund comparatives are all represented by unrestricted funds The notes on pages 9 to 13 form part ofthese financial statements
THE MAZI PROJECT BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note Current assets Debtors Cash al bank and in hand 5,063 36,935 41,998 Creditors Amounts falllng due within one year 10 (3,5461 Net current assets 38,452 Net assets 38,452 Funds Reslricled funds Unrestricted funds 12 12 4,348 34,104 38,452 These financial statements were approved by the trustees on .Iz.Nav&mkn&r.202&..and are signed on their behalf by.. Robert Hagen {Chair of Trustees) The notes on pages 9 to 13 fom part ofthese financial statements
THE MAZI PROJECT NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 Accounting policies al The financial statements have been prepared in accordan wlh the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011 and UK Generally Accepted Practi as it applies from 1 January 2019. The accounts {financial stalementsl have been prepared lo give a 'true and fair, view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the exlenl required to provide a 'true and fair view,. This departure has involved following Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in October 2019 rather than the Accounting and Reporting by Charities.. Ststemenl of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The charity is a public benefit entity as defined under FRS102. The Trustees consider that there are no material uncertainties affecting the ability of the charity lo continue as a going concern. bl Income from donations are included when these are receivable, except as follows.. il When donors specify that donations given to the charity must be used in future accounting periods, the income is deferred until those periods. ill When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred until the pre-conditions have been mel. cl Expenditure is recognised in the period in which it is incurred. Expenditure includes attributable VAT which cannot be recovered. Most expenditure is directly attributable to specific activities and has been included in those cost categories. Support costs have been allocated 100'/0 towards the charitsble activities of the charity. Governance costs include those costs associated with meeting the conslilulional and statutory requirements of the charity and include the Independent examination fees and costs linked to the strategic management of the charity. Governance costs are included within support costs. dl Trade and other debtors are recognised at the selllemenl amount due after any trade discount offered. Prepayments are valued al the amount prepaid nel of any trade discounts due. el Cash al bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. fl Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. gl Unrestricted funds can be used in accordance with th8 charitable objects al the discretion of the Trustees. h) Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
THE MAZI PROJECT NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 Donations Unrestrlcted Restrlcted Funds Funds Total funds 2025 Total funds 2024 Donations Grants Donation from The Mazi Project CIC 55,467 55,467 39,776 36,588 39,776 36,588 92,055 39,776 131,831 3 Income from: other tradlng activlties Unrestricted Restricted Funds Funds Total funds 2025 Total funds 2024 Community kitchen hire Community events Sales 2,760 1,080 5,972 2,760 1,080 5,972 9,812 9,812 Expenditure on: Charitable activities Unrastricted Funds Restricted Funds Total funds 2025 Total funds 2024 Direct costs Provision of weekly food boxes Provision of workshops and education Support oosls St8ff costs Office costs Consultancy costs Motor expenses Subscriptions Goverance (note 51 16,310 2,186 15,713 32,023 2,186 26,535 9,528 4,710 1,728 1,887 4,928 1,625 18,050 28,160 27,578 4,710 1,768 1,887 4,928 40 67,812 35,428 103,240 10
THE MAZI PROJECT NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 5 Governance costs Unrestricted Restricted Funds Funds Total funds 2025 Total funds 2024 Independent examiner's fees 4,928 4,928 4,928 4,928 Net Incomel{expendlture) Total funds 2025 Total funds 2024 This is stated after charging Independent Examiner's fee.. for Independent Examination for Accounts Preparation - for Other Services 924 1,146 2,858 7 Staff costs and numbers The aggregate staff costs were Total funds 2025 Total funds 2024 Wages and salaries Social security costs Pension costs 27,083 656 27,739 No staff received employment benefits of more than £60,000. The average number of staff Iheadcountl during the year was 212024.. Nill. The lolal aggregate employment benefits received by key management personnel were £27,73912024- £Nil). The key management personnel consist of the Trustees, Director and Head of Education. No expenses were paid to trustees during the current or prior year. 8 Taxation The charity is exempt from corporation tsx on its charitable activities.
THE MAZI PROJECT NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 Debtors 2025 2024 Other debtors PAYE and social securities 3,205 1,858 5,063 10 Creditors: amounts falling due within one year 2025 2024 Accruals Other creditors 3,240 306 3,546 11 Movements in funds Asat 1 Aprll 2024 Income Expendlture Transfers 31 March 2025 Restricted Funds The Nisbel Trust Feeding Bristol Society of Merchant Leathersellers Co Groundworks 15,000 12,426 4,850 5,000 2,500 39,776 115,0001 18,0781 14,8501 15,0001 12,5001 35,428 4,348 4,348 Unrestricted Funds General funds 101,916 141,692 167,8121 1103,2401 34,104 38,452 Total funds Prior Year Comparative Asat 1 April 2023 Income Expenditure Transfers 31 March 2024 Unrestricted Funds General funds Total funds Fund Descriptions The Nisbel Trust Feeding Bristol Society of Merchant Leathersellers Co Groundworks Fund received to SUPFX)rt rental costs to the charity. Fund received lo support the meal kits and nourishing confidence. Fund received lo support the meal kits. Fund received lo support the meal kits. Fund received to SUPFX)rt rental and building maintenance costs to the charity. 12
THE MAZI PROJECT NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 12 Analysis of net assets between funds Other Net Assets As at 31 March 2025 Total Restrlcted Funds 4,348 4,348 Unrestricted Funds General funds 34,104 38,452 34,104 38,452 Total funds Prlor Year Comparatlve Other Not Asset$ As at 31 March 2024 Total Unrestricted Funds General funds Total funds 13 Related party transactions The are no other related paty transactions apart from those already disclosed. 13