Company registration number.. N1662065 Charity fegistration number.. 108857 Mary Ann Mccracken Foundation IA company limrted by guarantee) Annual Report and Audit8d Financial Statements For tho y•ar ènded 30th September 2024 Mary Ann Mccracken Foundation Contents Reference and Adminislralive Delails Trustees Report 2to6 Independent Audilors, Report 7109 Statement of Financial Activities 10 Balance Sheet 11 Notes to the Financial Statements 12to17 Mary Ann Mccracken Foundatlon Reference and Administrative Details Trustees Mrs Norma Sinte (Chairperson) Mr David Watters (Resigned 13 March 2024} Mr Alastair Adair (Elected 13 March 2024) Mr Colin Graham Ms Diane Graham Mr Les Allamby Mrs Angila Chada Dr Margaret Ward Secretary M5 Paula Reynolds Charlty Reglstratlon Number 108857 Company Registratlon Number N1662065 Reglstered Offlce Clifton House 2 North Queen Street Belfast BT151ES Audltor RBCA Lirniled Chartered Accountants Linenhall Exchange 26 Linenhall Street Belfast BT2 88G Mary Ann Mccracken Foundation Trustees Report The trustees. who are also trustees for purpose of company law, present their report and financial statements for the year ended 30 September 2024. The financial 5tatement5 have been prepared in accordance wrth the accounting policies set out in note 1 to the financial statements and comply with the Foundation's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities Stalement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) leffectwe 1 January 20191" Objectlv85 and actlvities The Mary Ann Mccracken Foundation was incorporated on 6 June 2019 by Belfasi Charitable Society IBCSI, which is the sole member of the Foundation. BCS was set up in 1752 to address povety and continLtes to do so today. The objects of the Mary Ann Mccracken Foundalion as sel oul in its Memorandum and Articles are.. al To advance education of the public about the lrfe and works of Mary Ann Mccracken, a leading social reformer and philanthropist, by any charitable means as the directors shall consider appropriate, and bl In the spirit of the legacy and work of Mary Ann Mccracken. to advance èducation. to prevènt or relieve povety, to advance human rights and promote equality in any part of the world by any charrtable means as the directors shall consider appropriate and to further any other purpose which is exclusively charitable according to the law of Northern Ireland. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activrties the Foundation should undertake. Achl•v•mant• and p•rformance The following achievement and performance reflect the main expenditure in the year and evidence how the public benefit is met. In relatlon to the object al to advance educatlon of the publlc about the Ilfe and works of Mary Ann Mccracken: Unvelllng of the Mary Ann Mccracken Statue - In March 2024, on International Women's Day, the Mary Ann Mccracken and Winnrfred Carney slalues were unveiled at Belfast City Hall. The Foundation provided historical information to guide the development of the statue. 'Mary Ann, The Forgotten Sister, by Kabosh Theatre- In April 2024, the Foundalion part- funded the production of the play, 'Mary Ann, The Forgotten Sisler, by Kabosh Theatre. Twefve performances were held in April 2024 wrth Kabosh reporting that there wefe 264 attendees. Cllfton House 2501h Anniversary: Clifton House is the home of the Mary Ann Foundation and the Belfast Charitable Society and is a buitding which is widely recognised and synonymous with her life and work. This 250th anniversary was a powerful tool lo use to tell her slory and keep her legacy lo the fore. An important part of the year long programme of work was the facilitation and hosting of a series of challenging conversations around povety and disadvantage. In February academics, practitioners and the voluntary sector came together to share the findings of two recenl seminal reviews on the slate of education. Taking a lens of the effect of disadvantage and povety on education, and the cuts in that seclor. discussion and related call to actions brought a new and sharp focus to the work of the Foundation- particularly significant given Mary Ann's role in educating the poor, children and women. In March 2024, Belfast Charitable Society along wrth the Foundation worked together lo highlight the challenges refugees and asylum seekers. particularly women and girls. currentty face. The Mary Ann Mccracken Foundation Trustses Report audience listened to a discussion with Vicky Tennanl, the UNHCR Representative to the UK and the Rt. Hon Baroness Rrtchie of Downpatrick. The Foundation participated in Clifton House's 25011 anniversary by telling Mary Ann's stories, and those of other women who shaped her life through social media and exhibilions during much of the year. The Foundalion worked with St Malachy's College, Ruth Talion. Tom McNeill and Down County Museum to use or share artefacts and images. An education resource pack was developed with consultants and the students from the Science Shop al Ulster Universty lo help tell the story of Mary Ann and the Belfast Charitable Society to primary school key stage 2 children. 8lrthday Event: Dr Catriona Kennedy gave a talk on 'Women, Radicalism and Eighteenth- Century Belfasl,, focusing on the lives of Mary Ann Mccracken and Martha McTier, discussing how the charrtable work of these women allowed them to participate in, and influence, Belfa51's radical public sphere. This event was attended by 30 people in person and 40 people over Zoorn. Tours: From October 2023-September 2024, 13 public tours were held with private tours for some community groups and a family connected with the Mccracken family. Talks, Events & Medla Engagement., From October 2023-September 2024. staff delivered private talks on the life and legacy of Mary Ann Mccracken to UU Women's Empowerment. A talk about Thomas Russell and Mary Ann was given lo Down County Museum in Q1 as well as talk about Winfred Carney and Mary Ann was delivered to Shankill Women's Group. Working wlth Others to Share Mary Ann's Story: the Foundation participated in Look North Festival, the Cathedral Art5 Festival and Feile an Phobail to share Mary Ann's story with a widei audience. In relation lo the second Obl￿tive and her ￿gaCy.. Mary Ann Mccracken Bursaries: this bursary programme was sel up for students for lower Income backgrounds, aged 16 and over, attending schools in the North Belfast area, who wished to continue in educalian or seek employment bul faced financial barriers In the period Year 3 of the programme was completed, the Foundation partnered with otherfunders including the Society, LFT, Hunter Smyth Fund, Raj Darshna and the James Kane Foundation. 87 students received bursaries to fund resources, travel and accommodation costs for university.. preparation costs for job interviews, training and employment related costs e.g. building site construction cards. Additional funds secured for Yr 4 secured. Worklng wlth new communltles: further to the conversation on challenges facing migrants a seriès of project opportunities have been developed focused on 'Hale Crime and Racism, in educational settings and the Mary Ann Foundation encouraged the Board of thè Society to fund the Anaka Women's Collective Education Project for a further two years lo enable this work. Educatlon and disadvantage: began conversation with the local primary school sector encouraging the use of resources such as Clifton House. talks and tours and specifically the development of the education resource pack for Key Staae 2. Developlng strateglc partnerships: the Foundation worked closely with Belfast City Council", the National Museums for Northern Ireland. Queen's University, Public Records Office for Nl and others. Mary Ann Mccracken Foundation Trustees Report Plans for Future Periods The Foundation has completed a strategic planning process to reflect the overarching objectives of profiling Mary Ann and developing her legacy. The former will be delivered alongside the wider 'telling our story, work ofthe Society, Cliton House and Mary Ann Mccracken. The legacy work centres on fv40 key strategic areas of work lo include. the delivery of projects lo improve educational opportunilies for children from the disadvantaged areas of North Belfast including research into effective leadership, bursaries and stronger links between the local communrty and school. The second strategic area focused on addressing the challenges for new communities faced with hate crime and racism and specifically how this can be done in educational settings. The operational plan for the fin8ncial year 2024-25 has been developed to guide and monitor the delivery of 811 this work in the incoming year. This will further contribute to the Foundation's objectives as set out in its Memorandum and Articles. Financlal review The foundation receives an annual grant of£5,000 from Belfast Charitable Scciety. During Ihe Financial Year 2023-24. It secured additional income through tickets and book sales, as well as donations. Structurei governance and management The Foundation w8s accepted by the Charity Commission on Nl on 17 August 2022 (Regislralion No.. 108857 The Foundation is a company limited by guarantee not having share capital it is registered in Northern Ireland (Registration No.. N16620651. vernin cum nt The Memorandum and Articles. as above. govern the Foundation. The Foundation's dlrectors (who act as Irusteesl and officers, elected by the Foundation al the AGM, guide the activities of the organisation through quarterly meetings that are circulated to BCS Board for noting. tm New directors receive the Governance policies and procedures, strategic and operational plan and memorandum and articles during their induction. No director received any remuneration in the year and conflicts of interest were declared as appropriate. ement na Risks are considered as part of the wider BCS risk managemenl process and noted on rts risk register. 11 is the Board's objective lo accumulate sufficient resernes to enable the Foundation to have continued securty over ils operating activities. Reserves in excess of this will be used for specific projects in Ihe future as and when the Board deem appropriate. Mary Ann Mccracken Foundation Trustees Report Trustees and offlcer8 The trustees and officers serving during the year and since the year end were as follows.. Truslees.. Mrs Norma Sinte, (Chairperson) Mr David Watter8 Mr Alastair Adair Mr Colin Graham Ms Oiane Graham Mr Les Allamby Mrs Angila Chada Dr Margaret Ward Publlc beneflt The Mary Ann Mccracken Foundation created high levels of public benefit through its key activilies (see Achievements and performance, section for more detail). In this year. this can be evidenced through. its continued promotion of equal access lo further and high education via its post primary and PhD bursaries,. talks, tours, and other public engagement, and by supporting other organisalions lo directly serve those affected by poverty andlor discriminalion. Granl maklng pollcles The Mary Ann Mccracken Foundation continues to support the work of others who are involved in projects identified al as being in the spirit of Mary Ann's legacy. It does not run an open grants programme but instead looks al ways that 115 financial support can Invest and transform while making the most positive impact e.g. bursaries awarded to PhD students in Ulster University, researching ways to improve the lives of others using arts and 'big data,. Mary Ann Mccracken Foundation Trustees Report Statement of trustees. responslbilities The Iruslees (who are also the directors of Mary Ann Mccracken Foundation for the purposes of company lawl are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare financial slalements for each financial year. Under company law the Iruslees musl not approve the financial staternents unless they are satisfied that they give a true and fair view of the slate of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. 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 accounting standards. comprising FRS 102 have been followed, subject to 8ny material departures disclosed and explained in the financial statements., and prepare the financial slal8menls on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The Iruslees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial Statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ trom legislation in other jurisdictions. Statement of disclosure to Independent Auditor.. so far as the Foundation is aware, there is no relevant information of which the Society's independent auditors are unaware. Additionally, the Foundation has taken all necessary steps lo make itself aware of any relevant infomiation and to establish that the Society's independent auditors are aware of that information. The annual report was approved by the trustees oflhe charrty on 13 h?A(cil. and signed on ts behalf by: Mrs Norma Sinle Chairperson and Irustee Mary Ann Mccracken Foundation Independent Auditor's Report to the Members of Mary Ann Mccracken Foundation Opinion We have audrted the financial statements of MaryAnn Mccracken Foundation (the'charily'l for the year ended 30 September 2024. which comprise the Statement of Financial Activities. ealance Sheet. and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards. comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and applicable law (United Kingdom Generally Accepted Accounting Practice). In our opinion Ihe financial statements.. give a true and fair view of the state of the charity's affairs as al 30 September 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended,. have been properly prepared in accordance wrth United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with Internalional Standards on Auditing (UK) IISAS {UKII and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of OLtr report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements 15 appropriate. Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may casl significant doubt on the charity's ability lo continue as a going concern lor a period of al least twelve months from when the original financial statements were authorised for issue. Our responsibilities and the responsibilities of the Irustees with respect to going concern are described in the relevant sections of this report. Other infomiation The trtjslees are responsible for the other information. The other information comprises the Information included in the annual report, other than the financial statements and our auditor's report Ihereon. Our opinion on the financial statements does not cover the other information and, except lo the extent otherwise explicitly staled in our report. we do not express any form of assurance conclusion thereon. Mary Ann Mccracken Foundation Independent Auditor's Report to the Members of Mary Ann Mccracken Foundation In connection with our audrt of the financial statements, our responsibilty is to read the other infonnation and, in doing so, considef whether the other infomalion is rnaterially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears lo be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement ofthe other information. If, based on the work we have performed, we conclude that there is a material misstatemenl of this other infomiation, we are required to report that fact. We have nothing to report in this regard. Opinion on other matter prescrlbed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audtt.. the information given in the Trustees Report for the financial year for which the financial statements are prepared is consislenl with the financial statements., and the Trustees Report has been prepared in accordance with applicable legal requirements. Matters on whlch we are required to report by exceptlon In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit. we have not identified material misstatements in the Trustees Report. We have nothing to report in respect Qf the following matters where the Companies Act 2006 requires us lo report to you if, in our opinion". adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visrted by us., or the financial statements are not in agreement with the accounting records and returns.. or certain disclosures of trLÈStees remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit. Responslbilities of trustees As explained more fully in Ihe Slatemenl of trustees, responsibilrties (set out on page 4 and 51. the trustees are responsible for Ihe preparalion of the financial statements and for being satisfied Ihat they give a true and fair view, and for such internal control as the trustees delerniine is necessary to enable the preparation of financial statements that are free from material misstatement, whelher due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going ¢onGern and using the going concern basis of accounting unless the trustees either intend lo liquidate the chartty or to Cease operations, or have no realistic alternative but to do so. Auditor responsibilities for the audlt of the flnancial statements Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to frauij or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will a￿ayS detect a material misstalemenl when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on Ihe basis of these financial statemen15. Mary Ann Mccracken Foundation Independent Auditor's Report to the Members of Mary Ann Mccracken Foundation The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below". We had regard to laws and regulations in areas that directly affect the financial statements including financial reporting (including related trade union legislation) and taxation legislation. We considered that extent of compliance with those laws and regulations as part of our procedures on the related financial 5tatemenl items. Wrth the exception of any known or possible non-compliance, and as required by auditing standards. our work in respect of these was limited to enquiry of the Trustees. We communicated applicable laws and reguLqtions throughout our audit team and remained alert lo any indications of non-compliance throughout the audit. We addressed the risk of fraud through management override of controls. by testing the appropriateness of journal enlries. and other adiustments,- assessing whether the judgemenls made in making accounting eslimales are indicative of a potential basis.. and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. We addressed the risk of fraud through management override of Gontrols. by leslin9 the appropriateness of journal entries, and other adjustments,. assessing whether the Judgemen15 made in making accounting estimates are indicative of a potential basis.. and evaluating the business rationale of any significant transactions that are unusual or outside the normal ¢ourse of business. Use of our report This report is made solely to the charitable company's trustees, a5 a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required lo stale to them In an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its Iruslees as a body, for our audit work, for this report, or for the opinions we have fomied. Brian Slewart FCA (Senior Statutory Auditor) For and on behalf of RBCA Limited. Statutory Audrtor Chartered Accountants Linenhall Exchange 26 Linenhall Street Belfast BT2 8BG Date.. Is/slLI- Mary Ann Mccracken Foundation Statement of Financial Activities for the Year Ended 30 September 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrèstrlcted funds Total 2024 Total 2023 Note Income and Endowments from: Donations and legacies Charitable activities 5,178 4,511 5.178 15,199 5,035 Total income 9,689 Expenditure on: Charitable activities (7,604) (7,6041.. (16,531) Total expenditure Net income 7,604 7,604 16.531 2,085 2,085 Nel movemenl in funds 2,085 2,085 3,703 Reconclllation of fund$ Total funds brought forward Total funds carried forward 10,041 6,338 12 126 All of the charity's activities derive from continuing operations during the above h¥0 periods. The funds breakdown for 2023 18 shown in nole 11. The note5 on pages 11 to 16 form an integral part of these f inancial statements io Mary Ann Mccracken Foundation (Registration number.. N1662065) Balance Sheet as at 30 September 2024 2024 2023 Note Current assets Stocks Debtors Cash al bank and in hand 510 979 10,637 12,126 347 3,867 5,827 10,041 10 Funds of the charlty: Unrestrlcted income funds Unrestricted funds 10,041 Total funds 11 10,041 The financi I statements on pag•s 9 10 16 were approved by the trust¢?¥, and authori8ed for istsue on i..a.fy!AK'C... and signed on their behalf by: Mrs Norma Sinle Chairperson and trustee The notes on pa8es 11 to 16 form an inte8ral part of these financial statements li Mary Ann Mccracken Foundation Notes to the Financial Statements for the Year Ended 30 September 2024 1 Charity status The charity is limited by guarantee. incDrporated in Northern Ireland , and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation. The Charty number is 108857 The Company number is N1662065 The address of its registered office is.. Clifton House 2 North Queen Street Belfast BT151ES The financial statements are prepared in sterling. which is the functional currency of the Foundation. Monetary amounts in these financial statemen15 are rounded to the nearest £. 2 Accounting policies Summary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of Ihese financial slatements are set out below. These policies have been consistently applied to all the years presented, unless otheNise slated. Statement of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice (applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 10211 (issued in January 20221 (Charities SORP {FRS 102)). the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and the Companies Act 2006. Basis of preparatlon Mary Ann Mccracken Foundation meets the definition of a public benefit entity under FRS 102. Asset5 and liabilities are initially reco9nised at historical cost or transaction value unles$ otherwise stated in the relevant accounting policy notes. Going concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of a55ets held by the charity. Presentatlon currency and level of rounding The presentation currency is £ sterling and the level of rounding is to the nearest £. Income and endowments All income is recognised once the charity has enlitlement lo the incorne, it is probable that the income will be received and the amount of the income receivable can be measured reliably. 12 Mary Ann Mccracken Foundation Notes to the Flnanclal Statements for the Year Ended 30 September 2024 Donatlons and legacles Donations are recognised when the charity has been notified in writing of both the amount and settlement dale. In the evenl that a donation is subject to condrtions that require a level of performance by the charity before the charity is entitled lo the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly wrthin the control of the charity and it is probable that these condrtions will be fulfilled in the reportin9 period. Charftable actlvltles Unrestricted funds are available for the use al the discretion of the trustees in furtherance of their charitable objectives. Restrbcted fund5 are subject to specific conditions by donor5 Qr granters as to how they may be used. The purposes and uses of the restricted funds are Set out in th8 notes of financial stalernents. Endowment fund8 are subject lo specific condrtions by donors that the capital must be maintained by the foundation. Expendlture All expenditure is recognised once there is a legal or constructive obligation to that expenditure, il is probable settlement is required and the amount can be measured reliably. All costs are allocaled lo the applicable expenditure heading Ihal aggregate similar costs lo that category. Where costs cannot be directly attributed lo particular headings they have been allocated on a basis consistent wrth the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Stock Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cash and cash equlvalents Cash and cash equivalents comprise cash on hand and Gall deposits, and other short-lerm highly liquid investments that are readily convertible to a known amount of cash and are sub}ect lo an insignificant risk of change in value. Flnanclal instrumonts Classilicatlon Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classrfied according lo the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assels of the charity after deducting all of its Iiabililies. 13 Mary Ann Mccracken Foundation Notes to the Financial Statements for the Year Ended 30 September 2024 Recognition and measurement All financial assets and liabilities are initially measured al transaction price (including Iran5a¢tion costs), except for those financial assets classified as at fair value through profit or Ioss, which are initially measured at fair value (which is normally the transaction price excluding transaction coslsl. unless the arrangement constitutes a financing transaction. If an arrangement conslilutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rale of interest for a similar debt instrumenl. Financial assets and liabilities are only offset in the statement of financial posltion when, and only when there exists a legally enforceable right to set off the recognised amounts and the charty intends either to settle on a nel basis, or lo realise the asset and settle the liability simultaneously. Financial assets are derecognised when and only when a) the contractual rpahts lo the cash flows from the financial asset expire or are settled. bl the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset. or cl the charity, despite having retained some, but not all, significant risks and rewards of ownership. has transferred control of the asset to anolher Financial liabilities are derecognised only when the obligalion specrfied in the contracl is discharged, cancelled or expires. Crltical accounting estimates and judgements In the application of the Foundation's accounting policies, the trustees are required to make judgemènts, estimates and assumptions about the carrying amount of assets and liabilities that are not readity apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors thal are considered lo be relevant. Actual resu115 may differ from these estimates. The estimates and underlyin9 assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revisiDn affects only thal period, or in the period of the revision and futur8 periods where Ihe revision affects both current and future periods. 3 Income from donations and legacies Unrestricted funds General Total 2024 Total 2023 Donations and legacies., Donations Grants, Including capital grants., Grants received 178 178 199 5,000 5,000 15,000 14 Mary Ann Mccracken Foundation Notes to the Financial Statements for the Year Ended 30 September 2024 4 Incomo from charltable actlvltles Unrestricted funds General Total 2024 Total 2023 Talks.tourslsale of books 4,511 4,511 5,035 6 Expendlture on charltable actlvltles Charltab le Charitable Expendlt ure Expendltur 2024 2023 Purchases 600 8,288 1,299 119 Raising awar8ness4vent8 Sundry expenses Advertising Grants 1,037 157 310 492 5.500 6.333 7,602 16,531 6 Trustees remuneratlon and expense8 No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. 15 Mary Ann Mccracken Foundation Notes to the Financial Statements for the Year Ended 30 September 2024 7 Staff costs The monthty average number of persons (including senior management I leadership team) employed by the charity during the year expressed as full time equivalents was as follows.. 2024 2023 No No Employees No employee received emoluments of more than £60,000 during the year. 8 Taxatlon The charity is a registered charity and is Iherefore exempt from taxation. 9 Stock 2024 2023 Books 510 347 10 Debtors 2024 2023 other debtors 979 3,867 11 Funds Balance at 30 September 2024 Balance at 1 October 2023 Incomlng resource5 Resources expended Unrestricted funds General 10,041 9,689 7,604 12,126 Balance at 30 September 2023 Balance al 1 October 2022 Incoming resources Resources expended Unrestricted funds General 6,338 20,234 16.531 10,041 16 Mary Ann Mccracken Foundation Notes to the Financial Statements for the Year Ended 30 September 2024 12 Related party transactions During the year the charity made the following related party transactions. Belfast Charitable Soclety Belfast Charitable Society is a charFty wf(h which the foundation shares common trustees. The Foundation is wholly owned by the Society. At the balance sheet date the amount due to Belfast Charitable Society was £450 (2023 - £3,000 due from). Clifton House Al the balance sheet date the amount due from Clifton House was £1,42912023 - £Nill. 13 APB Ethlcal Standards relevant circumstances In common with other businesses of our s￿e and nature, we use our auditors to prepare and submit r6turns lo tax authorities and assis* with the preparation of tha financi81 statements. Ultimate Parent Undertaking and Controlling Party The company's immediate and ultimate parent undertaking is Belfast Charitable Society. Belfast Charitable Society was Incorporaled in Northern Ireland. Copies ofthe group accounts may be obtained from the secretary of Clifion House Heritage, 2 North Queen Street, Belfast. BT15 1 ES. The ultimate controlling paty is Belfast Charitable Society. 17