Company règlStr*ion number. N1662065 Charty registration number.. 108857 Mary Ann Mccracken Foundation IA company limited by guarantee) Annual Report and Audited Financial Staternents For the year ended 30th Septembar 2025
Mary Ann Mccracken Foundation Contsnts Reference and Administrative Dètails Trustees Rep)rt 2108 Independ•nl Audrtor¥' Report 91012 Stat•m•nt Of Flnancl81 Actlvllles 13 8•l•nc• Sheet 14 Not to th• Finanrjal St•t•ments 15to21
Mary Ann Mccracken Foundatlon Rgference and Administrative Details Mr8 Norma Sinte, Ichairpergonl Mr Colin Graham M8 Diane Graham Mr Les Allamby Dr Margaret Ward Prof Alastair Adalr 8è¢r•tsry M$ Paula Reynold$ Charfty R•gistr•tlon Numb•r 108857 Company Reglltratlon Numb•r N1662C65 Rool•t•r•d Offic• Clifton House 2 North Queen Street Beffasl 8T151 ES Auditor RBCA M(lett Chartered Accountants nenhall Exchange 26 Linenhall Street BeWa8t BT2 8BG Page I
Mary Ann Mccracken Foundation Tru8ts98 Roport Th& tru$l•e$. who arè directors for the purpos•s ol company law, psent the ¥nnu¥l ptrrt together th the financial Statements and auditors. report of the choritsbl• company for th8 year ènfl•d 30 Sèptèmber 2025. The financial statements have btren preparad in accordance wi(h the accounting policies sel out in tha notès to the accounts and MplY with the charity's gov•ming do¢umenl, the Charitie$ Act 2008 and Ac¢ounlin9 and R•porting by Charities." Slatom•nt ol Recommonded Practice applicable lo charilits preparing their accounts in auordance wrth tht Flnanaol R•porting Standard applicabl• in tho UK and Republic of lfftland published in Octob&r 2019. Obl•etlv•• ind ac¥511 Th? Mary Ann Mccracken Found8lion was incorpor•t•d on 8 Jun• 2019 by 8•Kast Charilablo Soci•ty IBCSI, which is the 801• m•mb8r of th• Foundation. 8CS was Jel up in 1752 to addre•• poverty and ¢onlinue8 lo do $0 today. The object¥ ol the Mry Ann MGCrack•n Foundation as ••¢ out in its M•mor8ndurn and Articl•8 are.. •) To advance troutIOn of th• public about the lil8 and work• ol Mary Ann Mccrackan, a leading social reforrn8r and philanthropi$l, by ¥ny charitabl8 means a5 the dir?¢torJ shall nSIder •pproprio18', 8nd bl In Ihtr 8Plrit of th•1•gcy and work of M•ry Ann M¢Crack•n, to advance education, to PTevenl or reliev• poverty. lo advance human right8 and pr¢mote èquolrty In any part of th• world by any charitablo rneans •8 th? director¥ ¥h•11 con$id•r appropri•te and to furth•r any oth•r purpo8• which is 8xclu8ively charitabl• according to the law of North•m Ireland. The tru81ee8 have paid dutr regar¢ to guliJance18sueO by the Charty Comml•sion In deGldlng what aolivilio8 the Foyndalion $hould und¥rtak•. Page 2
Mary Ann Mccracken Foundation Trustses Report Achi•vem•nts and porfomian¢• The following achigvmonl and perfoman rnfi•¢t tha main Penrture in the year and evidence how the publi¢ benefit is met. In r•l#tion to th• obj•ct ) ta adv•ne• •dueation of tho public oboutthg lif? •nd work• of Mary Ann Mccracken: Blrthday Ev•nt'. In August 2025. Dr Lauren Smyth. Dr Margarèt W•r¢J •nd Avila Killmurray spoke about thre8 remarkable women associated wf(h north Belfa$¢- Mary Ann Mccracken, Winif Camey and Baroness May Blood. This focused on their lives, the differences they made lo wider Society and how they overcame challenges to achieve small victories. This event was attend8d by 60 In-person and 15 online. Walking Tour¥', From O¢tober 2024-September 2025, 15 public walking ttsur5 were held. including 3 on our new Mary Ann M¢Cracken and Martha McTier walking lour around Borfasl. and a further 4 private tours for MmunrtY groLLPS InGluding 8arnar¢o's, Arts Ekta and Short strand Community Group. Cllfton House ba59d tourn." A new self4JuMled tour.. 'Mary Ann'g Potsr House Tales, was planned, designed, researched and almost cAJmpleted in the period. This new and innovative approach uses Mary Ann as the narrator takin9 guests through her story and her view of the period of history she lived through while utilising up to date technologies in audio and AR. This lf-gUided tour 1$ funded by Belfast City Council's Neighbourhood Tourism Grant. Talks, Event• & Mgdla Engagomont: From October 2023-September 2024. staff deliv*T&d private talks on the life and legacy of Mary Ann Mccracken to various communty groups, Suth as the Antrim U3A. C•lebrating $tak•holder• annlv0r8ar1.' A talk was delivered by Drs Robyn Alcheson and Lauren Smyth at Belfast City Hall to celebrate the one-y•ar anniversary of the Mary Ann Mccracken and Wsnilred Carney ststues being established in the grouncjs ol City HHII on International Women's Day. Over 100 paople atttrnd•d. Worklng wlth OthaF8 to Sharg Mary Ann'¥ Story.. The Foundation participated in Look North Festival and Feile an Phobail to Share Mary Ann's story with a wider audience. Collectively. over 30 people attended. Edu¢atfion Rour¢¢ Pack for KS2: The Education Rgso¢Jrce pack was a legacy project of the 250th Anniv?rsary ol Clifton House. Developed with thtr support of an extemal consultant IAnne McErfanel. a fv40-part in depth resource manual for school3 ha¥ been producLd.' one part focusing on the Poor House and the Children who live¢J there, and th¢ oth¢r part focusing on Mary Ann Mccracken. Hence the resource is entitled 'On8 House. Two Stones,. Both parts can be used Independendy or together given the interlinkages. The resource was completèd the first week in Septembar 2025, with a training sgssion with Teachers and Principals from North Belfast Primary Schoo15 taking place on the 11th September. Fourteen schools came to the s•ssion lin person and via Zoom). All were interesteij in using the packs in their classrooms. Sèv¢n hoIS have signed up t¢ Ggogle Classroom to usè the re30urce and thirty hard eopies ol the pack were distributed to th$ fourteen schools who wore initially interested It a150 been shared with th• •ight primary school8 from th• Shankill area of B&lfa•t. Page 3
Mary Ann McCra¢kan Foundation Trust8os Report In relation to th¥ 5o¢ond objective and her legacy. . Mary Ann Mccrackon Burnarie¥.' thi8 bursary pr09ramme was set up for students from lower income backgrounds, agecj 16 and over, attending sthools in the North Beast area. who wished lo cvnlinue in education or seek employment bul faced finanti81 barriers. In the period. Year 4 of thè bursaney was delivered. The Foundation p¥inered with other funders including the Belfast Charitable Society. Lvr. Hunter Smyth Fund, and the James K4ne Foundation. sixty.one studen15 received burs8ries lo fund rèsources. trav81 and accommodation eosts for university.. pr8paTation costs for job InkNiews." training and employment related costs e.g. bLtilding sile construction cards. New fvnding was setsjred for Year 5. The bursary schewe was also used in other area3 across North•rn Ir•land and support•d by diff•rent donors including Magherafett, Coleraine and Ballymoney. In helping lo develop the potential of students, schools and local communities to improvo •du¢atlon, thereby empowering others the Foundation.. al Helpef1 Schoo access Independent fun¢Jing and, through a series of conversations with the North Belfast Area Leaming Community 112 post primary sGhoolsl, èducated independent fvnder8 about supporting sehools focusing on developing alumni fundraising bl Producad resources for primary schools as abov? at Education R•source Pack. cl Explored the development of a Nothem Ireland relevant Schools Consent proj¢d by metrting Wrth a successful London based version of the same.. and searChing other existr'ng optrons including Power lo Change campaign. Nexus EVAVVG Training, Safer School$ Programmes and White Ribbon. The work will conbnue In Ilie next period as N8ALC principals are kgen to deliver bul wish lo have teacher training first. dl Leamed from relevant grants lo inforrn the Foundation's work and that of schoolg eg the Shonkill Primary School COrdInator po$l." and the Effèctive Leadership in Digadvantsged Areas research produced by Stranmillis College. The latter, based on analysis of findings from 13 diverBe post primary schools with 50%+ FSME. Identifi•d five core themes that constrtute effective School leadership.. Clarity of Vision. Championing Children. Connection. Character. and Contlnuation. The findings We shared via webinar with the partirypating schools. project advisory group A Fair Start panel CCMS. CSSC. CnaG, NICIE, Nl teaching unions, M, Depl of Education, EA and ETI, NICVA. a¢4d¥mics •1 other HEIS e.g. Clara Fitzpatrick IUUI. Tony Gallagher IQUBI. Peter Finn (St Mary's) and at lèast 140 CVSE Organili0n$. el Blackboard Awards.. Prolllng North BeWa¥t's excellent teh with Paul McBdde and Mary Montgomrery awarded. Working wlth rbgw ¢ommunitSes to improve integration and buihl mutual understanding in ¢dLt¢ab"on s&ttings in North Belfast. the Foundation.. al Aims to assist English lan9uage provi8i0n in schools to reduce barriers to leamin9, reduce racism and encourage role models. Working with Anaka, using Its research 'Str8nded Dreams.. the Foundation elped to take forward options for a more comprohensive provision by BMET. Met with BMET staff to share leaming from Scottish Refugee Council and dis8$ pilot held al G188gew Clyde College. Work is ongoing. Page 4
Mary Ann Mccracken Foundatlon Trustoas Report bl Soureed eomprehensive detail of QUB provision of English classes, scholarships and bursarios for new communities shared with Anaka. cl Explored what role the foundalYJn could play in 8UPPOrting the UK wide Community Cohesion Commission Plan¥ for fvture p•riad The Foundation has compl•tèd a strat•9ie plannin9 pro¢tss to reflert the overarching objective5 01 profiling Mary Ann and daveloping her legacy. The former will be delivered alongside the wider lelling OLtr story, work ol the Society, Clrfton House and Mary Ann Mccracken. The lagacy work ntreS on key 5tfategic areas of work to indude.. the delivery of projects to improve educational opportunities for children from the disadvantaged areas ol North 8eKasl Induding research into effective leadership, bursaries and stronger links beleen the local community and h0O1. The second strategic area focused on addr¢$$ing the ehallengtr5 lor new communities faced wrth hate crime and raci#m and specifically how this can be done In educational Settings. Th& operational plan for the finanryal year 202S-26 has been developed lo guide anf1 monitor the delivery ol all this work in the incoming year. Belfast Charitable Stsci•ty in its stratègic planning process agreed to fund the Foundation to the tune of £150.000 pèr y8ar for thts n&xt thr& yaars, Octobèr 2025 to S?ptember 2028. This will enable tho Foundation to eontinuè th8 work as hghl1ghtèd Abovè, to 9rant aid r?levan¢ projects and deliver on related activity. This will furthor ¢ontribut• to th• Fgundation'8 obj•civo8 as set out in rts Memorandum and Artidès. Flnancial review The foundation receives an annual grant of £SS.302 from Belfast Charitable Society Dunng the Financial Year 2024-25. It secured additional income through li¢k&ls and book sales, as well as donations. The foundats'on reported a d&ficil lor thtr year of £3.55612024.' surplLts of £2,085) and at the reporting date had fund$ of £8,57012024. £12,1261. Pagg 5
Mary Ann McCrack•n Foundatlon Trustees Report Structur•, gov•m•nc• and mmn•q•m•nt The foundation wa$ acceplod by Chanty Commigslon by Ntsrthem Irèland on 17th Augu81 2022 IRegi8tration No.. 1088571 The foundation i• company limited by guarant•• not having share capital. It 11 re9iStered in Northem Ir•l8nd IRegi8lrab'on No.: NI862Cfj51, min The memorandurn and Articleg. a8 above. govern the foundation. The foundation's directors (who act aB Iruytelsl and offir$, el•cted by foundation at th• AGM, guide the ath'vilies of th& organisgtion through quarterly m•otin9B that are drcul•lod to BCS Board for nothlng. Dir New director8 receive th$ Govemanee pollcles and procedures. 8lraleglc and operatlonal plan m•rngr•ndum and articlos during their Inductlon. No (Iirector r•ceive¢J any remuneratlon Sn the year And eonfli¢t• of int•r••t were d•clarod 45 appropdat•. Risks ar8 ¢on$ider•d a$ p•rt of tho WifJ•f 8CS ri•k m•n8g•m•nl Pro$0 4nd not•d on118 rl•k r•gl•lar. 11 18 the Board'$ obje¢tive to aeLumul•te •ufficienl r•8•N•8 lo •n•bl* th• ft>undotlon to h•v• ¢onlinu•d Security ov•r its op•ro1ing artivit188. R•$•N•$ in •xca88 01 IhlB wlll b• used for 8p8cific proj•cts in th• futur• as and when the board dèèm appropriate Tru•tM• and offlc•rn Th• tru$l•e$ •nd tsfficerts servino dun9 the ye&r ond 11n th• y•ar •nd w•r• 48 bllm,. P8ge8
Mary Ann Mccracken Foundatlon Trusts88 Report Trustees.. Mrs Nomia Sinte, IChairpersDnl Mr Colin Graham Ms Diane Graham Mr LeB Allamby Mrs Angila Chada Ire¥igned 21 February 20251 Dr Margaret Ward Prof Alastair Adoir PubllG b•nofft Ther Mary Ann M¢Crackèn Foundation created high levels of public benefit through its key activities (see 'Ach1evements and Perform?nce 3ertion for mora dètsilsl. IN this year. this can ba evidenced through." its events. talks, tour8 and oth8r public engagements,. and by its work with sGhool¥ to enable young people to remove financial barrier5 to gdu¢atson and or employment $u¢¢ess$s', support for schools in disadvantaged areas to irnprove through disseminating and sharing $arch, through funding for a Co-ordinated approach to research management and through making cOnnectn8 with support organisations in th• cv$ to help with new communities. Grant makino polle1•8 The Mary Ann Mccracken Found¥tion ¢tsntinue8 to support thè work of othèrs who ar• invtslv•d in projects identified at as being in the spirit of Mary Ann's legacy. It does not run an open grants programme bul instead looks at ways that its financial support can invest and transform while making the most pos(five impact lo irnprove the livtrs of those who are les5 well off. ststèm•nt of tru8tees' rnsponsibiliti The trustees (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 wrth applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Aepted Accounting Praclicel. induding FRS 102 'The Financial Reporting Standard applicable in the UK and Republi¢ of Ireland Company law rèquires the trustees to prepa financial statemonts for each financial yoar. Undèr eompany law the trustees must not approve the financial statements unless they are satisfied that they give a true and lair view of the stsle of affair5 01 the charttable company and of the incoming resources and application of resourceB. including its income and expenditure. of the Charrtab company for that period. In preparing thèse financial stat&m•nts, the trusteès ar¥ required lo.. Page 7
Mary Ann Mccracken Foundation Trustee8 Report sel?cl suilabl? accounting polieits and apply ¢hem consistentty", observe the melttods and principle5 in the Charrties SORP., make judgements and a$timates that ar• reasonable and prudonl.. State whether applicabl8 accounting standards, compnsing FRS 102 have been lollowed. sublect Ic any m•leri•l d•partures disclosed and oxplained In th• financial st8lemen18.' and prepar& th• flnanelal $tsternent8 On th• golng concam ba81• unl•is It 18 inappfoprtat• to pr•sum• Ihol th• ¢horrtabl• company will continuo in bu$ine8$. The Iru$t•es are re8pon8iblè for k••ping proper accounting record8 that can disclose with reasonable accura¢y al any time the finanelal p¢sition of the ch¥rit¥bl¢ ¢omp¥ny #nd trnable them to ensure that the finan¢4al stslements comply with the Companiès Act 2006. They are also responsible for safegu8rding the assets of the ¢harrtablè company and henc£ for taking reasonable Slep8 for the PTevenlion and detection ol fraud and other irrggularilies. Tho truty15 aro re•pon8ible for th• maintènance •nd int•grity of th• CO0r•t and fin•nci#l infonnation induded on the chgrit¥bl• cornp4ny'$ web51te. Logislalion goveming the prèparation ond diswmin•lion of fin•ncAal $tatom•nt• may differ from legi•lats'on In other IL4ri8diction•. 8tatsm•nt of dl•clo•ur• to Indop•nd•nt Audltor So f4r a¥ the Found¥lion 15 aware, there i¥ no r8lovanl inlcrmalion of which tho Society's independent audiltsrj ar? unaware. Additionally, th• Foundation tèk•n all nec•¥g•ry •tep• ¢0 make itS8Y aware of any r•levant information and lo establish that th• Society'8 Ind•pend•nt aUdor are aware of that Inlomialion. The Innual r•port wa• 4ppro¥•d by th¢ IruBto8• ol the ¢h•rty on... by.. and 8lgn•d on it8 b•hall Mr8 Nom)• Sinl• Chairp8r80n And tru•l•• Page 8
Mary Ann Mccracken Foundation IndependentAudltor's Report to the Members of Mary Ann Mccracken Foundatlon Opinion We h¥v¢ audited the financAal Statements of Mary Ann Mccracken Foundation Ithe 'charty'l for the year ended 30 September 2025, which compri$8 the Statement of Finanaal Activitiès. Balar Sheet, and Notes to thg Financial Statements, 1nduding a summary of signifunt accounting policies. The financial reporting framework that has been apled in their preparation is United Kingdom Accounting Standards, comprising Charitie$ SORP - FRS 102 'fhè Financial Reporting Standard applicable in the UK and Republic ol Ireland, and appli¢abl& law IUnit¥cl Kingdom Gènorally Accepted Accounting Practice). In our opinion the financial slalements.. give a tru8 and fair vièw of thè statè ol thè chanty'g affairs as at 30 Septèrnber 2025 and of its Incoming resources and applic8tyon of resources. Including its income and expendrtUTe. for the year thèn endttd", have been properfy pr&par•d in accordance with Uniteil Kingdom G*neT¥lly Ac¢epted Accounting Practice.. and have been prepared in accordance with the requirements ofthe Companies Act 2006. Ba818 for oplnion We conducted our audit in accordanck with Intemalional Standards on Auditing IUKI IISAS IUKII ¥nd applicablè law. Our responsibilities under those standards a furthtrr described in the auditor responsibilrties for the audit ol the financial statements section of our report. We are independtrnl of th• chanty in accordance with the ethical requirements that are relevant to our auart of tha financial statements In the UK. ineluding the FRC'S Ethical Standard, and we havo luKilled our oth¢r ethi1 re$ponsibilrf¢i¢$ in ac¢ordanc& with these requirements. We tselieve that the aijdit evidence we have obt3ined 18 5uffiaènt and appropriate to providg a basi$ for our opinion, Conclusions relating to going ¢oncorn In audi¢ing the finan¢ial staternents, we hov? conduded that the trustees use of the going con¢em basis of accounting in the preparatn of the financial statements is appropriate. Ba$?d on wtrrk w• hav• perform8d. w• havè not idenlrfied any fnaterial uncertaintEs lating to ev•nt$ or conditions that. individually or collectlvely. may east significant dtsubt on the charity's ability to continue as a going concern for a period of at least fv4elv¢ month$ from when the original financAal statements were aulhorised for issue. Our responsibilities and the responsibilities of th• tru8t••s with respg¢t to 99ing Concem a described in the relevant 8ections of thi$ report. Other Inforniatlon The Iruslees ale responsible lor the other information. The other information comprises the information included in the annual report. other than thè financial statements and our auditorfs report thereorf. Our opinion on the finanoal statements do•s net cover the other information and, èxctrpt to the extent otberwise explicitly stated in our report. we do not exp8 any form of assurance condu810n thoregn. Page 9
Mary Ann Mccrackon Foundation Independent Auditor'8 Report to tho Membèrs of Mary Ann Mccracken Foundatlon In connttlon with our audit of th• financkql statement8, our r•$pon•ibility is to r•ad th• other infom)8lion and, in doing so, consider wheth&r the other Infomation is materially inconsistant wrth the finanaal statements or gur kn¢)wlefJge Dbtained in the audit or otheiSe appear5 to be materially misstated. If we i¢Jenb'fy su¢h material ineonsi8tenci&8 or app•r?nl material misstatement8, we a requir•d to determine whelh•r ther 1$ a m8trial rnisstatemenl in th• flnancial stat•mont$ or a material mis$tat•m•nt of th• other infomation. 11, based on the work we have p•rftsmd. wt conclude that there is a material mi88lalemenl of thig Other infomialion, w¢ are requlred lo report that fact. We hav• nothlng lo report in thi$ r•g#rd. Oplnlon on oth•r matter pm¢rfb•d by th• CompnlM A¢t 2006 In our opinion, based on the work un¢•rtaktrn in th• cour68 of th• audrt.. the information giv•n in the Trustees Report for the financial year for which lh• financial ststem?nl8 •re pr?pared i¥ conglsttsnt with the financial Statements., and the Tru8t••8 Report h•$ been pr•p•r•d In a¢¢ordan wth applic•bl•1•g•1 r•qulr•m•nts, M•tt•r• on whlch w• •re r•qulrnd to r•port by •x¢•ptlon In the light of our knowl•L198 and und•r$tanding ol th$ charlty and rts •nvlronment obt8ln•d in th• ¢ours• of the audit. we hav9 not id•nts'fi•d malarial mi9gtal8rnents in tho Trustoes Report. We h¥ve nothing to r•port in re•p•ct ol th• lo11tIng matt•r8 wh•r• th• CompAnl•i Aet 2008 r•quir•• ui to report to you rf. in our opinion.. •d•qu•te ¥¢¢ounling rar<I¥ hav• not b••n kopl. or rèturni adoquale for our audrt h8vé not betrn r•c•iv•d from bran¢h•• not vi•lt•t by uo., or th• fln8n¢io18lal•m•nts are not in agreernent wlth th• •ccounts'ng record• and rUrn9', or certaln di•do8ur•s of truste•8 r•rnun•r•lion sp•eifi•d by law ar• not m8d•', or w• h•v• not receivèd all th• information and •xplanation• w• r•quir• for our audit. RMpon•lbllltJ•• of tru•t• AS explaine%Y more fvlly In th• Statement of tnJst888' reBponsibllitles . the tru•te•8 are responsible for the pr•paralion of th• financial •tat•rnents and for being 90118fied that they give • trutr ond fair view. and for such intemal control as thé trust•8s determin• Is necessary to enable tho pr•paration of flnanGl•l Statements that are free from malen•l mis8tat8ment. whèlh•r du• to fmud or tsrror. In prep•ring the finanaal ilatemenl8, th• truJle•$ ar8 r•spon8ible for 938essing the charity's ability to continue as a going concem, disclosing, as applicable. matters r¥lol•d lo going conc•m and using th• going conum basis of accounting unl¥88 lh• trust888 either Intend to liquidate the chanty or to ce86e oporotion•, or hmve no r•all$tyc •ltomativ• but to do so. P4910
Mary Ann Mccracken Foundatlon Independent Auditorfs Report to the Members of Mary Ann Mccracken Foundatlon Auditor r•8ponslbllitiM for tho audit of th• financial Statements Our objective$ are ttr tsbtain reasonable assurance about whether the ffnancial statemènts as a whole are ¢ree from material misstatement, whether due to fraud or error, and lo issue an auditor's report that includtrs our opinion. Reasonable assurance is a high level of assurancts, but is not a guarantee thot an udit conducted In accordance with ISAS IUKI wll always detect a material misst8ternent when it exists. Misstatem¢nl$ Con arise from fraud or error and ar• considered matgnal if. individually or in the aggregate, they coukl reasonably be expeeted to Influence the economic decisions of users taken on the ba¥is of these finanLyal statements. The exlenl to which our procedures are capable of detecting irr•gularities. including fraud 18 detai5ed below. We idèntified areas ol laws and regulations that could r&asonably be expected have a rnaterial effect on the finanoal statements from our sector experiences through discussion thtr Board of Managenent and other manag¢m?nt las required by audibng standards). We had gard tg lawg and r?gulations In areas that 1ctlY affect the financial 5tat&ments indudingfinancial pOrting and taxation legislation. We considered the extent of compliancg with those laws and regulations as apart of our procedures on the rèlat8d financial slalemenl items. th the exception of any known or possible non-complian. and as required by audf(Ing standards, our work in respect was limitod to enquiry of the Board of Management. We communicated applicable laws and regulations throughout our audit team and remained alert to any Indications of non-compliance throughout the audit. We addressed the risk of fraud thrtsugh management override of cenlr¢ls. by testing the approprialeness of journal entries and other adjustments,. ass8$$ing whether the judgements made In makin9 accounting estimateg are indicative of a potential bias". and evaluating the business rat10nala of any significant transactions that are unusual or outside the nomal course of business. Our audit procedures were designed to respond to risks of rnaterial misstatement in th• finan¢i81 statements, CogniS1ng that the risk of not d&t&cbng a material mi3ststement due to fraud Is highèr than the risk of not detect4ng one resulting from èrror, as fraud may involve deliberate concealrnent by,lor example, forgery, misf0psentsIIon¥ t)r through collusion. There ara inherent lirnitations in the ¥udrt pro¢¢durss perforrn•d and the further removed non-compliance wrth laws and regulations 1$ from the 8vents and transactions reflected in the financial statements. th? l¢$s likely we are to become aware of it. Use of our r•port This report Is rnade 501ely lo the Charitab company's trustees. as 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 trustee5 those matters we are required to state to them In an auditor's report and lor no ¢ther purpose. To the fullest extent perrnrtt by law, we do not accept or assume responsibility io anyone other than the chantable ¢omp¥ny and its trustees as a bo(ly. lor ¢ur audit work. for this report. or for the opinions we have formed. Page11
Mary Ann Mccracken Foundation Ind•pendentAuditor's Report to the Members of Mary Ann Mccracken Foundation Bnan Stewart FCA Isenior Slalutory Audfforl For and on behalf of RBCA Limited, Statutory AudiloT Chartered Accountsnts Linenhall Exchange 26 Linenhall Street Beast BT2 8BG Pagè 12
Mary Ann Mccracken Foundatlon ststement of Flnancial Actlvltlos for the Yèar Ended 30 September 2025 (Includlng Incomo and Expendlture Account and Statement of Total Recogn180d Gains and Lo8868> Unrn8trl¢t•d fund• Total 2025 Total 2024 Not• Incom• •nd Endowm•nt• from.. Donations and legacie¥ Charilablfj activitie8 55.302 4,529 55.302 4.529 5,178 4,511 Total income 59,831 59.831 9.689 Exp•ndltur• on: Chorltable adivitsei 183.3871 163,3871 17,8041 Total •xp*nditure Not lexpenditurgllincom• 163.3871 183.3871 17.8041 13,5581 13.5561 2.085 N•1 movèment in ftjndi 13,5S81 13,$561 2.085 R•con¢lll•tlon of fund• Total funds brought forward Total lund$ c•rri•d foNiard 12.126 12,128 10,041 12 8,570 8,570 12.128 All of the charity's aclivrt185 dèrivè Irom conlinulng oyrationl during th• abov• p•riod•, Th• fund8 bf•akdown lor 2024 i¥ $ht>wn In not• 12. Th• not•$ on pageg 15 to 21 form an integral part of th•s• finaneAal Statements. Pag• 13
Mary Ann Mccracken Foundation {Registration numbor: N1662065) Balance Sheet as at 30 Soptsmb8r 2025 2025 2024 Currnnt i•••ts Stoths Debtors Cash al bank and in h•nd 10 11 510 8C 510 979 54.885 12.126 Cr•dltor•'. Amounts f•lllng due wlthln on• y•*r N•t a¥80ts Fund• of th• chirlty: Unmtrlctsd In¢om• fund• Unrostricted funds 8,570 12,128 Totsl fund• 12 The financia stalem•nti on pag88 13 10 21 w•r• approv•d by th• IruBt•88, and authgrfo•d for l$$u• cn Signed on their behalf by". Mrs Norma Sinte Chiirparson and tN$l•• The notes on p8geB 15 to 21 fom ¥n int8gral part of th•¥9 fin¥nrio1 st•tèment5. Page 14
Mary Ann Mccracken Foundatlon Note8 to tho Flnanclal Statemènts for th• Yoar Ended 30 September 2025 1 Chttrlty •tstu• The charity 19 Ilmtt•d by gu•fanlee, ineorporatad In North•m Iroland , 4nd con$•quenlly do&& not havg 8har• c8Pit81. Each of th• tru8t•88 is liabl• to ¢gntn'bul• an amount not exceeding £Nil towaid8 the a$wl8 of the charity In th• •v•nl of liquid$lion. The Charity numb•r is 1086S7 Th• Company numb•r ia Nie62085 Th• addr&$$ of 118 regi81orod offico 18.. Clifton House 2 North Qu¢•n Sir••l BeLlasl BT1 S1 ES The fin•ncil Btatem•nt# ara prepared in 818rlino. which 18 the function#1 ¢urr•n¢y ol lh• Foundation. Monatary amounts in th888 financial slal&m•nts ore round•d lo the nearegt £, 2 A¢¢ountlng p1¢1•1 Summ•ry of •1gniflcant •¢counlln9 pollcl•• and k•y accountlno •Ymtyt•• Thg principal •rxountin9 polici?$ applied in the preparation ol these fin4nci&l •tatement8 ar• 8•t ¢ut below. These policies havè be•n con8i8t•ntly gppli•d lo Ill the ytrarB pres¢nt•d, unl•88 oth•15 Btated. St•t•m•nt of compll•n Thts financi81 &tatemtnl$ hav• been pr•p8r•d in 4ccord•nce with Accountrng and Reporting by Charity'e$'. Stat•rn•nt of R•command•d Practice lapplicablg to charit1•8 pr•paring thèir •}unt8 in accordan¢• with the Financial Reporting Standard applicable In th• UK and Republic of Ir8land IFRS 10211 li88ued in January 20221- ICharitl85 SORP IFRS 10211. the Fin*nc4al R•porty'ng Standard applicable in the UK •nd Republic ol Ireland IFRS 1021 and the Compani•$ A¢t 2008. Ba•1• of pn>par•tlon Mary Ann Mccrackon Foundatlon m••t$ lh• d•finrtlon of a publlc b•n•fft •ntty und•r FRS 102. A$$•ts nd li¥bilrti?$ are Initially recognisod at hi8tod¢o1 cost or tran88Ction valu• unles8 otherwise staled In the relevant accounting policy not•8. Golno eone•m Th? Iruslees con8ideT that there are no malenal uncertainties about the charity's ability lo ctsntinue as 901ng c¢ncern nor any significant areas of uncertainty that affect the carrying v8lu• of a88ets held by the charity. ProntlI0 currnncy and l•v•l of roundlng The presantalion ¢urrtrncy 18 £ sterling and th8 l•v•l tsf rounding 18 to th& ng?Te¥t £. Page15
Mary Ann Mccracken Foundation Notes to the Financial Statements for the Year Ended 30 Soptember 2025 Incom? and end¢)wm•nis All income is recognised once the charity has enttlemenl to the income, rf( Is probable that the income will be received and the amount ol the incom receivable be measured reliably. Donatlon$ 3ndl•ga¢h$ Donations are recognised when the charity ha5 been notified in writing of both the amount and settlement date In the event that a donation Is svbjecl to condrtions that Quire a level of perfomance by the charity before the chanty Is entitled to the fun¢Js, the Income Is deferred and not rec09n4d until erther those conditions are fully met, or the fvlfilment of those condrf(ions is wholly wrthin the control of the tharity and il is probable that these condits'ong will be fiJ1fi118d in the porting period. Charftable lEYA¢ Unrestricied funds are available for the us8 at the disuetion of the trustees in ftjrtherance Qf their charitabla objectives. Restricted funds are subject to specific conditions by donors or granlers 88 to h¢)w they may be used. The Purposes and uses of th8 re8lricted funds are sèt out in the note5 of financial statements. Endowment fvnds are 8ubject to specific cnndrtions by donors that the capital must be maintained by the fOulatIOn. Expmd1rt All expenditurè is re¢ognised onco there is a legal or constructive obligation to that expenditure. it is probable settlement 18 required and thè amount ean measUd reliably. All costs are allocated to the applicable expenditurè heading that aggregate similar costs to that category. Where costs cannot be direclly attribLrted to particular headings th•y hav• been allocated on a basi6 consistent with the use of resources. with central staff costs allocate(l on the basis of time 3pent. and depreciatign chorge5 allocated on the portion of the a¥set's use. Other supptsrt eost# are alloeated based on the spreafl of staff costs. Stock stock 15 val¢Jed at the lower of ¢091 and eslimaled selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Ca8h and cash •qulval•nts Cash and cash equivalents compris• eash on hand and call deposlts, and glher short-term highly liquid investments that are rea<Jily CLJnvertible to a known amount of cash and artr $ubj•ct to an insi9niflcant risk of change in value. Pag• 18
Mary Ann Mccrackon Foundatlon Notes to tho Flnanclal Statements for the Year Ended 30 Soptombor 2025 Fln•nclal In•trum•nts Cluslllcatlon Financial as8els and finanaal liabilitie8 aTe recognised when the chanty becom08 a party lo the conlradu41 provisions of the in$trum•nl. Financial liabilrtieJ and equity instruntS are ¢la3srfigd o¢wrdin9 to th? 8ubstan¢e of tha contractu¥l arrangements entered into. An equity instrument 18 any contract that •videnco8 * residual inter88t in the a8sets ol Iht ch8rity after d8ilucting all of its liabilit8. R•coqnttlon •nd mwurnm•nt All financial assets and liabilities Wre inrtially measured at transaction price (including tr&n8action costs), exctrpl for tho88 financial a88et8 classified as at fair value through profit or 1088. which are 1nilially meg$urad at fair value (which 15 normally the tran8a¢ts'on price excluding transaction costs). unless the arrangement conslrtute8 9 financing tran88¢tion, If an arran9emenl con8ts"tui¢8 a financing transaction, the nanclal aasel Of fin•n¢ial li•bility 18 mea$ur?d al th• present value ol the future payments discounte¢J at a m8rke¢ r¥te of int•r•$t for a slmllar debt In8trumont. Financial 888ets and Iiabiliti•$ ar• only off8t in th• stat•m•nt of finan¢i81 posititsn when. and only when there exi&t8 a lèg•lly ènlor¢•obl• right to set off th• rocogni8•d amounts and th• tharity int•nd• •ither to 8•tt1• on a n•t ba811. or to re¥li89 the atssot and 60tt1• the liability simultaneously. Financi41 a818t8 8re d•reco9niied whon and only wh•n •) th• contractual rights to th• rA•h Ilowg trom tho finanei•l asJ8t Oxpirè or arè s•ttl•d, bl th• charity Iran¥ftsr$ lo anoth•r party subst4nti8lly all of the ri8k• and rewards of own•r8hip of th• fin•n¢i¥l •8$•t, or ¢1 tha ¢harity. dtssprte havin9 retained some, bul not all, 81gnificanl risk? and rewardj of ownershlp, has IranBforr8d eontrol of th8 as88t to anoth•r poty. Fin•nci•l li•bilili•J ar• d•r•eogn18•d only when th• obll9•ti¢n ipe¢ifi•d In thè ¢tsntract IB divlcharged, cancelled or expires. Crltlc•l •ccountln9 e•tlm•t•• •nd ludoom•nt• In the application of thts Foundation's accounting policies, th• tru8ta•8 gr8 requir•d lo make judgement•, ¥81imate$ and a8¥umW'on¥ about the carrying amount ef asgets and liabiliti08 that are not readily apparent from other sources. The estimates and a880ciated assumptlon ar• b058d on historical 0xpori•n and othfjr factor8 that eonJid•r•d to bo r•l•v•nt. A1 r•sult8 may differ from these eslimattr$. The estimaleg and underfying ass¢Jmptions are reviewed on an ongoing basi$. Revision5 to acCountn9 estimates are recognised in the period in which th• e8timal• 1$ revl$ed where the revision affects only that period. or In the pgriou of th• r8vision and lulure penods whtrre the r•vi$ion aff•ct8 Oolh current and luture p•riod•. Page 17
Mary Ann Mccracken Foundatlon Notes to tha Financial Statements for the Year Ended 30 September 2025 3 Crodltorn.. •mount¥ falllng du• •ftgr on• y•ar 3.1 Cr•dltorn: •mount• falling du• wlthln tsn• y•ar 2028 Due to group und•rtakiws AeeN0l8 10.715 48 4 Incom• Irom donatlon• •nd l•gaGI•• Unr••trSct•d fund• G•n•rnl Tot•1 2026 Total 2024 Don•llon$ ¥nd1•94cieg', Donation8 Gr9nl$. Includlng capltal granl8', Grant8 rMlv•d 302 302 178 55.000 55,000 5,000 S Incorn• from chrlt*bl• •ctlvltl•• unrtrtet•d fund• G•n•rnl Total 2025 Totsl 2024 Talk$,lourslMl• of book8 Page18
Mary Ann Mccracken Foundatlon Notss to the Financial Statèments for the Year Ended 30 September 2025 6 Exp•nditur• on ¢h•rit4bl• ¢¥11[ haritab Charitsblo Expenditsjre 2025 Exp8nditurn 2024 Purchase8 2.230 600 Raisir4J awarene$s4vents Sundry expenses A(Ivorti$in9 Grants 6,630 163 1,037 1S7 12.964 41.400 310 5.500 63,387 7,602 7 Tru8ts•8 reMUn•raon and •xp8nsès No trustees. nor any persons connected with th&m, hov¢ received arsy remuneration from the charity during th8 y•ar. 8 Staff eo¥t• The monthly average number of persons lincluclin9 senior management I leadership team) employed by the charity ¢Juring th? yoar expressed as full tim• tsquivalgnt$ wa& as follows.. 2025 2024 Employeos No employee received ernclumtsnt5 of rnore than £60.000 during the year. Page19
Mary Ann Mccracken Foundation Notss to the Financial Statements for the Year Ended 30 September 2025 9 Taxatlon The charity 15 a registered charity ènd is therefore exempt from tsxalK*n. 10 Stock 2025 2024 Books 51 11 btorn 2025 2024 Other debtors Debtors includes £60012024.. £Nill receivable after more than one year. 2025 Other debtors Page 20
Mary Ann Mccracken Foundation Note8 to the Financial Statements for the Year Ended 30 September 2025 12 Fund• Balance at 30 September 2025 Balanc• at 1 October 2024 Incoming rn8our¢• Resourcos expgnded unTtrICted fund¥ General Balance al 30 S•pt8mb•r 2024 Balance at 1 Oetobèr 2023 Incomlng r•sourc• ROUrceS •xpend•d Unrg¥tri¢tsd lund8 General 13 Related lty transactions During the year the charity made the following related party transaetions.. Belfast Charitsbl9 Socl Belfast Charitable Society is a charty wth whith the foundabon 8hare8 common trustees. The Foundation is wholly ownèd by the Society. At the balance sheet date the amount due to Belfast Charitable Society was £1.45812024- £4501. Clifton Hous• At the balan shoet date th• amount duè t¢ Clrfton House was £1.45812024- £1,429 due from). 14 AP8 Ethical Standard¥ r•l•vant cirtum5tsnc•* In common with other businesses of our size and nature. we use our auditofs to prepare and Submit retums to tax authorities and assist with th8 preparation of the financial ststements. Ultimate Paront Undortaking and Controlllng Party The company's immediate and ultimate parent und•rtaking 1$ Beltssl Charitable Society Belfast Charitable So¢i&ty was incorporated in Northem Ireland. Copies of thè group aOLIntS may be obtained from the secretary of Clifton House Heritage. 2 North Queen Str••t, Belfast, BT15 1 ES The ultimate cgntrolling party is Belfast Charitsble Society. Page 21