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, p￿sent 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 $0 today. The object¥ ol the M*ry Ann MGCrack•n Foundation as ••¢ out in its M•mor8ndurn and Articl•8 are.. •) To advance trou￿tIOn of th• public about the lil8 and work• ol Mary Ann Mccrackan, a leading social reforrn8r and philanthropi$l, by ¥ny charitabl8 means a5 the dir?¢torJ shall ￿nSIder •pproprio18', 8nd bl In Ihtr 8Plrit of th•1•g*cy 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 $hould und¥rtak•. Page 2 Mary Ann Mccracken Foundation Trustses Report Achi•vem•nts and porfomian¢• The following achigv*monl and perfoman￿ rnfi•¢t tha main ￿Pen￿rture in the year and evidence how the publi¢ benefit is met. In r•l#tion to th• obj•ct *) ta adv•ne• •dueation of tho public oboutthg lif? •nd work• of Mary Ann Mccracken: Blrthday Ev•nt'. In August 2025. Dr Lauren Smyth. Dr Margarèt W•r¢J •nd Avila Killmurray spoke about thre8 remarkable women associated wf(h north Belfa$¢- 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 $tak•holder• annlv0r8ar1￿.' A talk was delivered by Drs Robyn Alcheson and Lauren Smyth at Belfast City Hall to celebrate the one-y•ar anniversary of the Mary Ann Mccracken and Wsnilred Carney ststues being established in the grouncjs ol City HHII on International Women's Day. Over 100 paople atttrnd•d. Worklng wlth OthaF8 to Sharg Mary Ann'¥ Story.. The Foundation participated in Look North Festival and Feile an Phobail to Share Mary Ann's story with a wider audience. Collectively. over 30 people attended. Edu¢atfion Ro￿ur¢¢ Pack for KS2: The Education Rgso¢Jrce pack was a legacy project of the 250th Anniv?rsary ol Clifton House. Developed with thtr support of an extemal consultant IAnne McErfanel. a fv40-part in depth resource manual for school3 ha¥ been producLd.' one part focusing on the Poor House and the Children who live¢J there, and th¢ oth¢r part focusing on Mary Ann Mccracken. Hence the resource is entitled 'On8 House. Two Stones,. Both parts can be used Independendy or together given the interlinkages. The resource was completèd the first week in Septembar 2025, with a training sgssion with Teachers and Principals from North Belfast Primary Schoo15 taking place on the 11th September. Fourteen schools came to the s•ssion lin person and via Zoom). All were interesteij in using the packs in their classrooms. Sèv¢n ￿h￿oIS have signed up t¢ Ggogle Classroom to usè the re30urce and thirty hard eopies ol the pack were distributed to th$ 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 Be￿ast 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 C￿OrdInator po$l." and the Effèctive Leadership in Digadvantsged Areas research produced by Stranmillis College. The latter, based on analysis of findings from 13 diverBe post primary schools with 50%+ FSME. Identifi•d five core themes that constrtute effective School leadership.. Clarity of Vision. Championing Children. Connection. Character. and Contlnuation. The findings We￿ shared via webinar with the partirypating schools. project advisory group A Fair Start panel CCMS. CSSC. CnaG, NICIE, Nl teaching unions, M￿, Depl of Education, EA and ETI, NICVA. a¢4d¥mics •1 other HEIS e.g. Clara Fitzpatrick IUUI. Tony Gallagher IQUBI. Peter Finn (St Mary's) and at lèast 140 CVSE Organi￿li0n$. el Blackboard Awards.. Prolllng North BeWa¥t's excellent te￿h￿￿ 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 dis￿8$ 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 bel￿een 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 h￿ghl1ghtèd Abovè, to 9rant aid r?levan¢ projects and deliver on related activity. This will furthor ¢ontribut• to th• Fgundation'8 obj•c*ivo8 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 offi￿r$, 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 du￿n9 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 cOnnect￿n8 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 A￿epted 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 truty1￿5 aro re•pon8ible for th• maintènance •nd int•grity of th• CO￿0r•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 inlc*rmalion 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 aUd￿or￿ 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 ap￿led 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 ethi￿1 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 preparat￿n 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 exp￿￿8 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 othe￿iSe 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 m8t*rial 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•rftsm*d. 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• Comp*nlM 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• lo11t￿Ing matt•r8 wh•r• th• CompAnl•i Aet 2008 r•quir•• ui to report to you rf. in our opinion.. •d•qu•te ¥¢¢ounling r￿ar 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&$$ of 118 regi81orod offico 18.. Clifton House 2 North Qu¢•n Sir••l BeLlasl BT1 S1 ES The fin•nci*l Btatem•nt# ara prepared in 818rlino. which 18 the function#1 ¢urr•n¢y ol lh• Foundation. Monatary amounts in th888 financial slal&m•nts ore round•d lo the nearegt £, 2 A¢¢ountlng p￿1¢1•1 Summ•ry of •1gniflcant •¢counlln9 pollcl•• and k•y accountlno •*Ymtyt•• Thg principal •rxountin9 polici?$ applied in the preparation ol these fin4nci&l •tatement8 ar• 8•t ¢ut below. These policies havè be•n con8i8t•ntly gppli•d lo Ill the ytrarB pres¢nt•d, unl•88 oth•￿15￿ Btated. St•t•m•nt of compll•n Thts financi81 &tatemtnl$ hav• been pr•p8r•d in 4ccord•nce with Accountrng and Reporting by Charity'e$'. Stat•rn•nt of R•command•d Practice lapplicablg to charit1•8 pr•paring thèir •￿￿}unt8 in accordan¢• with the Financial Reporting Standard applicable In th• UK and Republic of Ir8land IFRS 10211 li88ued in January 20221- ICharitl85 SORP IFRS 10211. the Fin*nc4al R•porty'ng Standard applicable in the UK •nd Republic ol Ireland IFRS 1021 and the Compani•$ A¢t 2008. Ba•1• of pn>par•tlon Mary Ann Mccrackon Foundatlon m••t$ lh• d•finrtlon of a publlc b•n•fft •ntty und•r FRS 102. A$$•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. Pro￿nt￿lI0￿ 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 rec09n4￿d 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 ￿lEY￿A¢ 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 fOu￿latIOn. Expmd1￿rt 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 measU￿d 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