MACE FOUNDATION
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net deficit of £27,410 for the year ended 31 December 2023, resulting in unrestricted reserves falling to £114,312. The trustees note that reserves are below their stated policy target of retaining no more than 5% of annual income, but this was an agreed decision to mitigate against potential fundraising shortfalls. The charity remains dependent on Mace Limited for the majority of its funding, which is described as a firm commitment.
What the accounts disclose
“The Trustees had previously agreed that no more than five per cent (5%) of the Foundation’s annual income should normally be retained as unrestricted funds at the year-end.” — page 6
“Mark Reynolds is both director and shareholder of Mace Finance Limited, the ultimate parent company of Mace Limited.” — page 21
“Additionally, Debbi Reynolds who is a Trustee of Mace Foundation is the wife of Mark Reynolds.” — page 21
“Mark Reynolds is both director and shareholder of Mace Finance Limited, the ultimate parent company of Mace Limited.” — page 21
“Additionally, Debbi Reynolds who is a Trustee of Mace Foundation is the wife of Mark Reynolds.” — page 21
“Of the 11 current trustees, 10 are Mace employees and 1 is connected person to Mace Group board directors. Difficult to demonstrate independence to Charity Commission.”
Corporate structure
- Registered company of the charity Companies House 08144743
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- MARK PETER REYNOLDSchair
- Andrew Kinsey
- Anthony Blackledge
- BARBARA LOUISE WELCH
- Brian Eshmade
- Daniel Martin CROYSDALE
- Danielle Regan
- Iain Wilson
- Miranda Chamberlain
- Shaun Guild
- Zoe Lynn Madams Anstey
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £769k | £666k |
| 31/12/2023 | £682k | £709k |
| 31/12/2022 | £711k | £661k |
| 31/12/2021 | £443k | £425k |
| 31/12/2020 | £381k | £357k |
Common questions
Is MACE FOUNDATION financially healthy?
The accounts state that the charity reported a net deficit of £27,410 for the year ended 31 December 2023, resulting in unrestricted reserves falling to £114,312. The trustees note that reserves are below their stated policy target of retaining no more than 5% of annual income, but this was an agreed decision to mitigate against potential fundraising shortfalls. The charity remains dependent on Mace Limited for the majority of its funding, which is described as a firm commitment. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE GRAND CHARITY | 1 | £6.6m |
| DONATING CHARITY LIMITED | 1 | £1.1m |
| NORTHUMBERLAND MASONIC CHARITY ASSOCIATION | 1 | £275k |
| Leicestershire and Rutland Freemasons' Charity (LRFC) | 1 | £187k |
| THE WARWICKSHIRE MASONIC CHARITABLE ASSOCIATION LIMITED | 1 | £40k |
| ATTEND | 1 | £10k |