REGISTERED CHAIUI'Y NUMBEI R., SC042032
Report of the Truste.es and
Receipts & Payments Account For The Year Ended 31 March 2025
for
THE MAIDSAFE FOUNDATION

THE IIIAIDSAFE FOUNDATION
FINANCIAL STATEMENTS
YEAR ENDED 31 IIIARCI12024
CONTENTS
PAGE
Tiustces Anniial Report
Ito2
llldependent Exallyin￿'S Repoit
Receipts ￿ld Payinenl Account
Slatemeiit of Balances
Notes to the. Financial Stateittents

THE hL41DS.4FE FOUNDATION
Report of the Trllstee$
YLAR LNDED 31 MAKC'H 2025
I'he Trustees, ptesent their report with the financial stalements ofthe ch&rity I'or the y￿. ended JI March 2025.
REFEIiLNCE AND ADMILYISTRATIVE DETAILS
Charlty i'egtstratiun uumber
SC042032
Independellt F.XYdmlner
McKiiinon & Lo Lld, ACPA
33 N¥wmarkeL Street, Ayr. l(A7 ILL
STRUCTLIIE, GOVERNANCE AP4D MAIYAGEMENT
'rhc Ghai'ity is an unin¢orporatod ¢lltity rcgist￿red vlilh the OffiLe of the Sccbttish Clthrity Regujalor and is
¢onstiluted under a trust deed dated 26th November ?.0 l O. The curre.lit TrLI.Stee8 liave heen in post sin¥e the
cbarity ivat4 coListitut¢d fAnd may I'emlin so until they intimate Tesignation. TnLStees megl io%ether, as r¢qLiired,
lo manase tho dully operation of the Gharity.
IndDetion TrAining of Triistees
As all l-njstees haTre beell in posi since tlie chwity was coiisLilute,(L there has been no need to ¢r¢ate formal
induLtion and tizining a￿angel￿entS foi" new 'lruste¢s. Lacli Trnste% has been pmvided with a copy of
'Guidance for Lharity 'lrustee8' published b). the office ol. the SLotti8b Charity Regulator and the charity's'l'rds't
Deed to ¢nyure tbey ELK'Èwe of ie¥ponsibilitlL.hs a8 '1'iustees.
Key Managemonl
The Tru%leey L'ullbtiluted key m&llAgenietkt aL]d ale not reiDunerated.
Risk
Sy4leing and colluols over the recording of income and expelld1￿lrC have b¢¢n revi¢vied to eiisure thal" all inctsme
alld paymellts are propcrly rccord.ca a￿d ¢i'idciicG by apprnpriate docuinai.tatiim. Other ri8k,$ have been
xainin￿d by Trusices and they are satisfied thal appTppriate 8lcps hai'e bee.n takLll to m￿age iheqe risks.
Objeetives
The objeLtiveg of the Fouiid&tioft are for the creatioll of opporiunity throiigh inllovation E￿d ¢ducation its 80 E
a8 such obJ'e¢ts oi object be defined being charitsble foi the PUiPOses of S&GtiDn 505 il Llie Iiicoille alld
Corpuration Taxes, Ait 1988and SeLtioti¥ 7 dnd 8 of die CTharitie8 &tLd -I"ruslee Ivvestmenl {Scotland) ALt 2(105
&nd anv sta￿tOry mothfication or te-enact￿¢nt thereof for thc timL bLin¥ ill furLL widiuiit piLjudiLv ts) Ilie
g¢ll￿allry:
The adiyncement of educatton.
Tho advarL¢emenl of alt8, hei'itage, culture, sporLg or s¢ieii¢e.
The relief nf thnse in need by re&son of age. ill-heaLth, disability, fll]all¢ial hard8hip (Jr other
disadvanlag¢.
Or such Dr more of the8e as Trustees iii their sole and aboolute dis¢reti&n llmy time to lime
detennine. and for ￿]Y oth¢r charitabl= purwse or purpos¢s r¢co.unise L8 such b% the LaTr" of ScOtl￿d
which the TNstCwS ill tb¢iT sol¢ and absDlute dL5cretion consider would have been acceptabl¢ to thettL
Page I

THE MAIDSAFE FOUNDATIor
RL'port of thc Trustees
YEI AR ENDED 31 .MARCH 2025
Attlvltlts, Aehlevements And PerfornithD¢e
The Maidsafp Foundation Trust¢¢% Report for yle 31 March 2025
Activities, athieN'cinents and perfo17nanGe
During die ye8r to 3 I hl&rch ?025 the Foiindation-
Set Upy furnished wid decorated the Fowidation premi8e8 with ￿ etho,% of reuse, recycled and
upcycled ]naterials. C¢tttre operted on 29 June ry024 and is now iised as the venue for STEM
workshDPS tor local Schools, cTrlleges and commuritj groiips. hosting alter￿cli00[ and school
holiday bTE_IA related activitie4 and is made aitailable for use by othei non-profit grciUPS, In
additiott STEM worksliops are reBiJlarly held offsile for local schoo18. colleges &tid Con￿}UnItY
groups and Ibe FoLmdalioii participat￿ in numerou8 loLal school STEM transition days.
ParLILlPiltgd in tlie Glas'o()w' and Sc)utlieni Ayr31)irv BLosplicre Communili&i NelwoK'k. Tkie
Biosphere lias helped with FoundAtIDll sununer workshrjps. wid the Foulldation kn Colltributed by
introduLinB' STEM aLIIVLIiL%.
Fundiri&Y roc¢xvLd io Lnabll Ihu fioundatioii lo wloy a s£wion&l work¢r for the dLkration of the
fluid (Jul>' 2024 till March 2025),
ApDlicd for &iid teceivcd project tiinding Irom Severnl orgaoi8atAons.
nrg&niscd a Christsna8 marlccl iLicliidillg sfEM ocliviLics.
Continiied Lo work on conlmunit) garden prO,￿t with i)articular referencc to how STEM
relates to V*clivities ill the 8￿den.
Plaiis fTrr futtLre period-. short I medium tenn -
Fi￿h¢r toll-out o". the STLM pacLs &nd engagem¢nt witkk Ayrshir£ cducation ¢stabli6bll¢ll1s
OllLrlliiuity SI￿ups.
Continue to seek additional project funding.
Approved by the'l'rnstses attd slgned on their behalf.
Dec 9, 2025
Date
rage 2

Independent ExAmlTher?s Report to the Trustees of
MAIDSAFE FOU.YDATION
I report on tlie accoullts for tlie yeftr elided 31 March 2025 gel out ott pages J and 4.
Ttiis rcpoLI ig niadc to Ihc tNstcc8 as n body, in accordancc with the tcrLllS of my cngagcrn¢nt. My work !)a8
been Ulldertaken to enable llie to report my Qpillion a5 set oul below and for no ol'hei. piirpo8c. To thc fiill¢st
oxlcnt pcmittrcd by I do not acccpt or a4siimc rcspov.sibility lo anyone othor tliall th¢ tntst¢¢8, lls a h(MJy* for
my work or for this report.
Reskpectlve respon%lbllltles of trustees And exllinlner
The charits"'s rniste¢s (who ar¢ aisc) the direcTors of tlLe ¢Drnpany for th¢ piwyoses rf wmpany law) ar¢
re5pollsible for the preparatiott of the fillanci&l slatetneDt& ill accordance with the tern￿ of the C..liarities and
Trustee lllN'e8tn]ent (Scotland) Act 2005 and tlie Charities Accoullts (Scoiland) Regulations 2006. The tharity
tru8tccs collsidcr that Ilic aud:t iequiremciir of Regulation 10(l) ja} to (cl ol. th¢ 2006 Accounts Resulations does
not apply, It is iny respoll<ibilitY to exainin¢ th¢ ￿COUnts as required wider s¢rtion 44(1) (c) of the Act and to
slate whether particular KkiatteTS have come to my atlenlion.
Bas1$ of the Indeyendent exRmlner's report
My exxminAlion iy LIITfiLa out in YiLL)rdtwcL with RCguI￿ti￿n I l ot ttIL. 2006 AeL"ounls RegLIIAtiot)s. An
cx&miLiatiM includes a review of the accouiiting rkncordg kept by the eh&rity and a cornparisoii of the fiIiAncial
Statcrnents prcscnt¢d wqth tho$c r¢cords. It also inblud¢s cot)sidorntion of any unusual jtln￿ oi di8LID¥iire,8 in the
finAncial 8tat¢mcnts, find sccking explanations fiviii t.lic t￿StCeS conkncrning 8Dy such tD&tteTr. The pmoedures
undertaken do not pl￿vide all the ei4dence that ivoiild be re￿ilLed ill an audit, and ￿Onseq1)entlY no option is
given as to whelh¢r the financial stPiement& pr¢8e,llt a 'tnke aiid fair vi￿. and th¢ r¢poTI is liinTrt¢d ts) iho4e
rnatlers s¥t oirt tll the ststement Ixlow.
Independent ex&mlner's statetnenÉ'
In Ilic coiir5E of Tny cxatnillatio￿ no rnattu has come to rny alleDlion.'
{1) WhiLh gives Ane iEasorable caus¢ to belteve that, ill any niAterial ttspect, the ttoiiirements
- to kccp accouiitiiig rLcords in Accordallce widi se.ction 44(1)(&) of the 2005 Act Alld i'ogulatiorj 4 of the
Offi Accounts Rcgulations" <ind
to prcpa.rc accoiinl.% which accoid with thc ￿Coul7[7ng records and to comply with rcgul&lkon 8 of the
2006 Ac,coimts Re￿lIa￿0￿￿.
Have not b¢¢n ￿et' or
(2) To wliich, in niy opinioii, attentLOII should be drawn ITh order to enable a prtTrper understllnding of the
account9 to be rvdched.
N.II'.IKuu'L'I, & Co Lid. ACFI
33 Newmarket gtreot
Ayr
KA7 ILL
F￿ge 2a

THE MAIDSAFE FOUNDATION
Receipts and Payments A¢¢ount
rlor the Year Ended 31 March 2025
2025
2024
Receipts
tnvestsneiils
Nil
Cbaritable Activities
27.942
8,679
Comp¢n8ation
330
Nil
Interesl.
Nil
Nil
28,272
8.679
Poyment8
Payments or charitable actlvltle8
Stafffwages & PAYE
28,819
24,880
Office RLinning Costs
13,098
5,315
Event Costs
3,106
3,044
Pr.oject Costs
1,512
3.952
Deprecialioii
581
727
47,116
37,918
Governan¢¢ Costs
A¢¢ounlFAnGy
360
360
47,476
38,278
Total Payments
Surplus l (Deflclt) for year
ALI Funds ar¢ r¢stricfrd
(19,204)
(29.599)
Page 3

THF. MAIDSAVE fouNDATION
STATE￿IENT OF BAL.ANCES
AT 31 MARC.H 2025
2025
2024
Flxed Assets
Tangibk Fixed Asset
2,325
2,906
Current A88ets
Ilank Accounts
C88h on H&nd
Loan- Vlargaret Donald
8,511
25,802
3,700
5,0
12.245
30,870
Current Llabilltles
CreditorslAccivls
2.060
2,060
Net Current Ltabllltle8lA$$et8
10,l85
28,810
Total Assets Les8 Current Llabilities
12,510
31,716
Repre8enting:
lJnre.qtricted Fuiids
12,510
31,716
d bi. th= Tiiisti cf anil sirned on tlieir behalf
Page 4

TBE MAIDSAFE FOUNDATION
NOTES TO THE FINAFICIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
A¢¢ountlng PoliL4¢8
Basis of preparnlion
I'li¢ fIll&l¢t￿ statell]¢tits have been prepared Oll a going Collcern basis ID a¢cOrd￿l¢¢ with applicable
accoimting standards aLid under the historical cost Convention. The cbarity is a Piiblic Benefit Entity. The
finatscial sta¢eineiits are complaint with the ¢hatity's ¢OllStilvtion, the Charities and Trustee Investment
{Srolland) A¢i 2005, the Lharities A¢¢ouiits (S¢otland) Regulations 2006 (as amended}, the Statemeiit of
Recommended Practic,¢ (SORP) FRS 102 "Aecounting and Reporting by CliariÉies" (ievised 2018), and in
c¢ordan¢e witli Finaiicial Reporting Standard l O?. IFRS 102).
Tli¢ finLlnci.￿ statsments al'e prepared in Stsrliiig which is the functional CiUTency of the cliarity. Monetary
amounts in diese binanci&l statements are rounded to the lleare8t £.
Golng Concern
Trustees regularly monitor the fulldiiig streams and evalu&te tlie projected expendifi￿V and tlie fl'ee ieserves
ihich al'e available And have concluded that there is a r¢asouable ¢xpev'iation that tbe chaiity has adequate
resoiirces to conts.nue in op￿￿tiOnal ¢xist.eiice foT the foreseeable thl'ui'e. These financial stateinents have
tberefore been prepared on the goillg concern basis which assumes that tb¢ charity will continue its
opeiBtions.
IllLome
Income is recognised when the cbarity Ilas ¢ntitleTn¢iit to the futLds, any performance conditions attached to
the iteiu of income have been met, il ig probable that tlie incotne will be itceived and the aniounl Laii be
measured reliably. Cliarithble incotne relates to amouLlts generated from its Gh&ril&ble activities and
donations re¥eiY¢d towards perfortnillg these diities and 18 recognised on d¢bv¢ry of ihe service wbicb is
when the cl]arity is pnltlled to IL Income from investsn¢ntS IS TttLognL8ed whell receipt is piobable and the
amounts can be rneaswed reliably. This is usu&lly upon receipt.
Expenditure
Eixpenditure is recognised once there is a legal or cotkslructive obligation to nuke a payment to a third
party, it is probable that settl#ment will be requiied and the arnouijt of obligation can be measured
reliably. All expenditure of die charity, oiiee inclli'red. is Considered either a direct charitable activitable
cost or a suppoit cost, C'harltablv cxpendilure is that applied in th¢ delivery of the Lharitable objectives.
Suppoil costs iEILlude g0veM￿Ce costs wbicli are lliose a&50Giated with the charity's goveiiknance
infrdsl'ructure.
ri ixed Assets
Tangible fixed assets art beld at cost less ￿nUaL depreciation Depreciation on complltsr eguipinent is
prowtded at 200/0 per anniim in order to write off each assLt over its estilliated useful life, IDvesthJents
ompriso shareholdiiigs iii a ￿t￿ected company and are held at cosL'.
Debtors
Trade and other debtors are r¢cognised at the settlement moiint diie after any trade dtsLounts offered.
Prepayrnents ar¢ valued at th¢ amoullt pr¢paid after lakittg accoullt Df ally trade discounts due.
Cash and cash equivalents
Casli at bank and in hand tncludes cash 1( nd short t¢rm highly liquid investments willi a short maturity of
three months or less fTom Ibe date ofacquisitioii or openuig of the d¢posiL or similar account.
Pagc 5

THE IVIAIDSAFE FOUNDATIODI
NOTES TO THE FINANCIAL STATEMENTS
YEAR fi,NDED 31 MARCH 2025
Credltors and provisions
Crediloi's and provisions are iecognised wher¢ the ¢h&rity has a Present obli8atLOlI r¢sulting frorn a past event
that will probably result in the tr￿]sfer of funds to a third party and the ainuunt due to setile tlie, obligation ran
be ineasw'ed or estin￿ted reliably. Creditoi's 8nd provisions &re normally re¢o8nised at tlieil settlement
atnount after allowing for any trade discounts due.
Flnancial illstrument
The charity only has f￿￿iCIal asset8 ￿]d fInaocial li&bilities of a Iciod that qualify as basic flltsncial
ingtnimenls. Basic financial iiistruments are initially re¢ogrtised al Irallsaction value and gLib8equently
measured at i.h¢ir settle￿et[t value.
Fllnd3
Unrests'icted funds are avail&ble for use at discretion of the Trustees in fiutherance i.he gejjeral objectives
ot tb¢ Charity.
Restrictsd fiinds are subjected ID resÈri¢tions on thLir expeThditure imposed by the funder.
Currency translatlon
Monetwy as8¢ts and liabfjities denoiniJ]uted in curr¢ncfjes other than the base currency are tt'anslated into
sterling al the rates of excliange ruling at the balance sheet date. Trans&ctions in niuencies othei. tban the
harity's base cuffellcy are r¢cord¢d at tho rg¥te tuling at the date of the transa¢tion. All differeLices are taken
to the profLt loss account.
Tax#tlon
e che6rity has been granted charilabltt st&t118 by HM Revenue and Customs and is a registered charity. The
eharity is therefore not siibjeLt to corpoi'atioll lax oll ally SLI￿1￿5C8 ihut have been derived ill piirsiiillg activities
d¢signed to carry out Ihc main Ub]￿t& O'F ils charitable status.
icome from clithrit#ble #ctlvltles- Ullrestrlct¢d funds
2025
2024
Charitabl¢ Activiti¢s
Other charitable incoine
Compcnsation
Interest
27,942
Nil
330
Nil
8,679
Nil
Nil
Nil
28272
8,679
Expenditure on charitable actlvltles- Unrestricted fundg
2025
2024
Event Costs
Project C08ts
Support Costs (nots 4)
3,106
1,512
42,858
3,044
3,952
30,922
47,476
37,918
P8Be S

TKE, TrIAJJ)SAFE F(}U￿￿ A TION
NOTES TO THE I1'IN￿NCIAL STATEMENTS
YEAR fi,f4DED 31 LVI.4RCH 2025
lixpeAdLture on charltable actlvltle8- Unrests.Icted fuRds
2025
2024
SLuff Cosly
orriLe Running Costs
DepirciauoLI
fiovemance C.i)st%
HMRC L&t¢ Fee
28.819
13,458
581
Nil
Nil
24,R%O
5,3l5
727
Nil
42,858
30,922
Iikned Assets
Comyuter Equipment
Cost
As HI l April 2024
Addiuon-
11,767
Dcpr¢ciHtion
Ai at l April 2024
Ciwge lor yedr
8,861
581
Net Bnok VAlue
As at 31 M&tch 2025
2.325
JMve5tment.$
Th¢ fouudauon owns 550,538 ordirwy Sha￿8 of £i).OnOI cach in maids(Lfe.n¢t. This r¢pr¢sents 27D/a Qt the issued
share capital of this cOL￿pany. These were dotsat¢d by
n 19thMaTch 2011.
Creditors
2Q2S
2024
A¢crnals
360
360
Soci81 S￿uTItY and othcr tsttes
1,700
L,700
2,060
2,060
Funds
Th¢ Ma:dsafc Foundation bas no r¢striGt¢d fund&
P&s¢ 5b

THE MAIDSAfE FOUNDATION
NOTES TO THE FINANCIAL STA TEMlll¥TS
YEI AR EIYDED 31 MARCH 2025
Related party trans*ctlon$
During the yeai. maidsafe.net ra&de a dollation ot £Nil to the Foimdt¢tion.
TrL18tees constitute key inanagemeiit of the charity. Trustees do not receive r¢niuneratioA for their Services. No
exp¢iis¢s weie reimbursed to truslees in eitlier tkLL' ¢iirrent or previoiis years.
io.
Related party trAnsactlon$
The Maidsatr¢ Foundation is consliMt¢d by Trust Deed aiid is controlled by ils elected Bow'd of TnL*tees.
Page sc

Adobe knobat Sisn