Mary’s Meals (A company limited by guarantee) · global average cost of Mary’s Meals school feeding continues to be £10.70 per child, per year. Once again this year we remained

Mary’s Meals (A company limited by guarantee)

Directors' report and financial statements for the year ended 30 November 2012

Charity number: SC022140 Company number: SC265941

Mary’s Meals: a simple solution to world hunger

Page 2

Mary’s Meals:

a global movement Mary’s Meals has projects in 16 countries around the world: there are also 16 countries who

support the work of Mary’s Meals through fundraising and raising awareness.

At the end of our financial year 2012, we were feeding 734,192 children in the 16 Countries shown.

Directors’ report and financial statements for the year ended 30 November 2012

Contents Page

Legal and administrative information 4

Chair's report 5

Chief Executive's report 6

Report of the Directors 7

Independent Auditors’ report to the directors 12

Consolidated statement of financial activities 14

Balance sheets 16

Group Cashflow Statement 17

Notes to the financial statements 18

Page 3


Legal and administrative information

Charity number SC022140

Company registration number SC265941

Business address

Craig Lodge

Dalmally

Argyll PA33 1AR

Registered office

Craig Lodge

Dalmally

Argyll PA33 1AR

Directors

Kenneth Black

Calum MacFarlane-Barrow

Mary-Anne MacFarlane-Barrow (re-appointed 8th June 2012)

Julie MacFarlane-Barrow (re-appointed 8th June 2012)

Graeme Pagan (re-appointed 8th June 2012)

Mark McGreevy

David Clayton

Dr Christian Stelzer

Zeljka Markic

Peter Higgins (appointed 15th March 2013)

Secretary

Julie MacFarlane-Barrow

Lucy MacDonald

Chief executive

Magnus MacFarlane-Barrow

Independent Auditors

PricewaterhouseCoopers LLP

Chartered Accountants and Statutory Auditors

141 Bothwell Street

Glasgow G2 7EQ

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Chair’s Report for the year ended 30 November 2012 I am delighted to present the first Annual Report following our official change of name to Mary’s Meals. All my fellow directors, staff and volunteers of Mary’s Meals are fully committed to delivering our vision that every child receives one meal in a place of education each day, and the decision to change the name of the charity to better reflect the focus of our work was a unanimous one. As at 30 November 2012, we were feeding 734,192 children every school day in 16 countries across Africa, The Americas, Asia and Europe. This number has increased further since the year end. In some ways it is hard to believe that it’s been 10 years since we began serving Mary’s Meals to 200 children in Malawi as the growth in that period has been really quite amazing. Due to the generosity of our supporters, and the dedication of our staff and volunteers, the charity’s income increased by a further 14% during our 2012 year. This enabled us to continue expanding our Mary's Meals projects to reach many more of the world's poorest children. We continue to do this by working with and through the local communities in which the children live, thereby creating a sense of community ownership and responsibility rather than dependence. We believe this is critical to the success and long-term sustainability of our projects. We remain firmly committed to being good stewards of all resources entrusted to us and to keeping our costs very low. The global average cost of Mary’s Meals school feeding continues to be £10.70 per child, per year. Once again this year we remained well below our commitment to spend no more than 6% of all income on our fundraising (excluding our charity shops) and 1% on governance. I would like to express my thanks to my fellow directors for their hard work and diligence. I would also like to thank all our staff and thousands of volunteers, without whom none of this work would be possible. Most of all, I would like to thank all our supporters throughout the world, who share some of what they have, with those who need it more than they do, thus enabling the work of Mary’s Meals to happen.

David Clayton

Chair

Mary’s Meals volunteers around the world

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Chief Executive’s Report for the year ended 30 November 2012 The year ended, 30 November 2012, has been one of continued growth for Mary’s Meals. By the end of the year we were provid-ing 734,192 impoverished children with daily meals in places of education, across 16 countries, compared with 608,661 at the start of the year. Our school feeding programme in Malawi remains by far our largest and we have once again significantly expanded our operation there. By the end of the year 593,251 children, over 21% of the primary school population, were receiving daily meals. All of the food we provide is grown in Malawi thus providing huge support to the local economy. We also managed to expand our second largest programme in Liberia, where a further 60 schools are now receiving Mary’s Meals. In total 66,275 children, just under 10% of Liberia’s primary school population, receive our daily school meals here. Around half of the primary school age children in Liberia are currently out of school and we see that the introduction of Mary’s Meals has caused a particularly dramatic increase in enrolment. For example our expansion in to the Cape Mount area saw enrolment increase by over 30% within one month. In addition we also increased, more modestly, the numbers of children fed in other countries, such as Haiti, where we work though partners. This year we saw the global movement that supports Mary’s Meals grow and develop in many parts of the world. Whilst UK sup-port continues to grow and represents 75% of our total income, growth in other countries was even stronger this year, with con-tributions from USA, Austria, Ireland, Germany and Croatia growing significantly. The majority of our income still comes through grassroots support from individuals, churches, community groups and schools. We also receive substantial and generous support from a number of Foundations, Trusts and businesses. This year our Backpack Project (through which people donate educational items that become ‘education starter packs’ for impoverished children who receive Mary’s Meals) was also once again very well supported with 56,258 Backpacks being shipped to Malawi, Liberia and Kenya from the UK, Germany and Austria. Across the whole organisation the majority of our daily work is done by volunteers - from those involved in organising fundraising right through to preparing the school meals. In Malawi alone over 65,000 local volunteers are involved with Mary’s Meals. With-out this huge contribution from volunteers we would not be able to maintain our very low costs. Once again the number of people across the world supporting our work in so many different ways has grown. We are united around our vision - that every child receives one daily meal in their place of education. On behalf of each child who receives Mary’s Meals I want to thank every person who is playing a part in this work.

Magnus MacFarlane-Barrow

Chief Executive

Report of the directors (incorporating the trustees’ report)

for the year ended 30 November 2012

The directors present their annual report together with the consolidated financial statements of the

charity for the year ended 30 November 2012. The directors, who are also trustees of Mary’s Meals for

the purposes of charity law and who served during the year and up to the date of this report are set out

on page 4.

Structure, governance and management

Management of the charity

The Charity is governed by the Board of Directors. The Board meets quarterly. The composition of the

Board is monitored on a regular basis to ensure that the members of the Board have the necessary skills

and expertise required to govern the Charity. A budget is set annually in advance and submitted to the

Directors for approval.

Day to Day management

The day to day running of the Charity is managed by the Chief Operating Officer, reporting to the Chief

Executive and supported in the five key areas of Communications & Media, Fundraising, Overseas Aid,

Operations and Finance by the following departments;

a) Fundraising department responsible for raising donations from individuals, groups, companies

and legacies

b) Programmes department coordinates new applications and is responsible for supporting and

monitoring all projects.

c) Operations department with responsibility for ensuring effective support to all other

departments and smooth day to day running of the organisation. This department also

coordinates collection of Material Aid and the shipping thereof.

d) Finance department: supports the charity and is responsible for financial reporting and

management.

e) Communications Department is responsible for raising awareness of our work and for all

communications with supporters and with the various parts of the organisation around the

world.

Director/trustee recruitment and induction

New Directors are thoroughly vetted prior to appointment. They are briefed on their legal

responsibilities and supplied with a copy of The Memorandum and Articles of Association. They are

advised on the aims and values of the Charity through the Vision Mission and Values Statement.

Retirement of Directors

In accordance with the Memorandum & Articles of Association, one third of the directors are due to

retire at each AGM and are eligible to seek to be re-appointed. At the AGM in June 2012, Julie

MacFarlane-Barrow, Mary-Anne MacFarlane-Barrow and Graeme Pagan retired and were re-

appointed. At the AGM in 2013, the following directors are due to retire: Mark McGreevy, Zeljka

Markic and Dr Christian Stelzer.


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Liberia

Malaw

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es Th

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Reserves Policy

The policy of the charity, which is reviewed annually, is to retain sufficient funds required to meet

three months running costs in respect of salaries, premises costs etc, and between 1.5 - 2 months of

committed project expenditure. This committed expenditure includes not only the funding of the

Children's Homes in Romania, but also its commitments to providing Mary's Meals.

On this basis, the charity would expect to hold minimum reserves of £1,429,000. The unrestricted

reserves at 30 November 2012 were £1,773,921. A further £1,280,546 is held in restricted Funds for

ongoing established programmes as per Note 18. As shown in note 23 to the financial statements,

in the first three months of 2013 a total of £1,752,500 was transferred to meet grant aid

obligations. As a result, the Board is of the opinion that the balances held at the year end by the

charity were prudent and necessary to ensure that commitments could be met.

Investment powers, policy and performance

In accordance with the Memorandum and Articles of Association, the directors have the power to

invest in such stocks, shares, investments, and property in the UK and overseas as they see fit. The

directors have considered the most appropriate policy for investing funds and have decided that

surplus funds should be held in a mixture of current and investment accounts to minimise bank

charges, optimise interest earned and accessibility, and minimise risk. This policy is under constant

review.

Related Parties

The charity's administration is based at Craig Lodge, which is owned and operated by the Craig

Lodge Trust. The Trustees of the Craig Lodge Trust include Magnus MacFarlane-Barrow, Milona von

Habsburg, Alan Brown and Monica Lynas employed by Mary’s Meals as Chief Executive,

International Ambassador, Operations Manager and Financial Accountant respectively. Two of the

directors of Mary’s Meals, Mr Calum MacFarlane-Barrow and Mrs Mary-Anne MacFarlane-Barrow

are volunteer managers of the Craig Lodge Trust. The office accommodation is currently provided

free to Mary’s Meals, with the exception of a charge for a share of the direct costs such as power,

heat and light. See also note 25 for further details.

Basis of Consolidation

The directors of Mary’s Meals are of the opinion that they demonstrate sufficient dominant

influence to constitute control in respect of Scottish International Relief Malawi. The results of

Scottish International Relief Malawi have been consolidated in the financial statements for the year

ending 30th November 2012.

Mary’s Meals is registered to do business in Liberia. The activities carried out by Mary’s Meals in

Liberia form part of the Charity financial statements for the year ending 30th November 2012.

Risk assessment

The directors have overall responsibility for ensuring that the charity has assessed the major risks to

which it is exposed, in particular to the operations and finances of the charity.

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The directors recognise that the systems in place are designed to manage rather than eliminate the risk of failure to achieve the charity's

objectives.

In order to improve the formal risk management process, the directors annually review the systems in place, and have:

identified and evaluated the risks on an ongoing basis

considered the types of risk to which the charity is exposed

identified the level of acceptable risk

assessed the likelihood of the risks concerned materialising

assessed the charity's ability to reduce the incidence and impact of risks that do materialise

compared the costs of implementing controls to the benefits obtained

put in place a system for monitoring and reporting on risk and details of corrective action taken

Objectives and activities

a) To provide relief for those suffering, in any part of the world, as a result of humanitarian crises or poverty, to help people escape

poverty and to provide care for orphaned, abandoned and vulnerable children.

b) To raise awareness in the UK and worldwide of world poverty issues through education.

Our vision

Our vision is that every child receives one daily meal in their place of education and that all those who have more than they need, share with those who lack even the most basic things. To that end, our mission is to enable people to offer their money, goods, skills, time, or prayer, and through this involvement, provide the most effective help to those suffering the effects of extreme poverty in the world’s poorest communities. Review of the year In 2012, Scottish International Relief officially changed its name to Mary’s Meals to reflect the focus of the work being undertaken by the charity. At the heart of Mary’s Meals lies our belief in a simple idea to transform the lives of hundreds of thousands of individuals around the world. Providing a child with one daily meal in a place of education, not only feeds the child’s body, but it feeds their mind too. We believe that education is essential to breaking the cycle of poverty—for individuals, communities, and countries. Thanks to the generosity of our volunteers, supporters and donors, the number of children fed by Mary’s Meals has continued to grow every year since we began feeding 200 children in Malawi in 2002. During our financial year 2012, the number of children receiving Mary’s Meals increased by 21% from the previous year. That meant that as at 30th November 2012, we were feeding 734,192 children, one meal in a place of education every school day.

Financial Year

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200 20,000

112,570

351,260

459,621

734,192

-

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

2002 2004 2006 2008 2010 2012

Number of Children Fed


Where we work Mary’s Meals is a global movement that has projects in 16 countries across Africa, The Americas, Asia and Europe. In Malawi and Liberia, Mary’s Meals is operated and delivered directly by in-country Mary’s Meals staff. In the remainder of the countries, we work closely with partners who help us reach children in some of the poorest areas of the world, to provide them with much needed daily meals in a place of education. During our financial year 2012, we worked with 19 such partners. Financial Review The work of Mary’s Meals is entirely reliant on the generosity of the thousands of supporters who work tirelessly and selflessly to carry out the work of Mary’s Meals. For the year to 30th November 2012, the total income of the charity was £10,009,070, which represents an increase of 14% when compared with the previous year. Once again, by far the greatest proportion, almost 78%, was received through voluntary income, in the form of donations and grant income. The cost of generating trading income during the year was £204,662, resulting in total income net of trading costs of £9,804,408. The trading costs are associated with the operation of 7 shops throughout Scotland, most of which are run by volunteers. The shops sell and recycle donated goods, generating income of £401,915 which is included in the income figures above. The total expenditure for the same period was £9,950,874. We spent £9,248,389 on our charitable activities, or 94.3% of total income net of trading costs, so once again we were able to maintain our commitment to spend at least 93p of every £1 received on our charitable activities. As outlined in Note 7 to the Financial Statements, it cost £6,884,425 to provide Mary’s Meals in all 16 countries where we work. The number of children fed during the year rose from 608,661 at the start of the year to 734,192 on 30th November 2012, an increase of almost 21%. The actual cost of feeding a child for our financial year 2012 was £10.25 (using the average number of children fed during the year of 671,427). This was less than the budgeted level of £10.70, as we reached more children during the year than originally planned.

Future Plans

Available funds at the end of 2012 have enabled us to reach more children in Haiti, India, South Sudan and Thailand during the first half of 2013. Further expansions are also planned during 2013 in our two biggest programmes in Malawi and Liberia. We continue to work to raise awareness around the world in new ways, in order to gain more support. During 2012, thanks to the generosity of a supporter, we were able to make a documentary, Child 31, about our work and the plight of some of the children who receive Mary’s Meals. The film has been screened across the world, televised in two countries and widely distributed to donors, volunteers, schools and churches to reach as many people as possible. Towards the end of 2012, we began working with The Bridgespan Group to develop a 3-year growth plan covering the period 2013-2016. The growth plan focuses on three key elements: further expansion of our programmes, growth of the global movement and developing the organisation.

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94.3%

4.2%

0.9%

Charitable Activities Fundraising Governance

Proportion of income spent during 2012 NB: does not total 100% as there was a small surplus unspent at year end


Statement as to disclosure of information to auditors

In so far as the directors are aware:

- there is no relevant audit information of which the charitable company's auditors are unaware; and

- the directors have taken all steps that they ought to have taken to make themselves aware of any relevant audit

information and to establish that the auditors are aware of that information.

Statement of trustees’ responsibilities The trustees (who are also directors of Mary’s Meals for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing these financial statements, the trustees are required to:

select suitable accounting policies and then apply them consistently;

observe the methods and principles in the Charities SORP;

make judgments and estimates that are reasonable and prudent;

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records that 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, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the charitable company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware:

there is no relevant audit information of which the charitable company’s auditor is unaware; and

the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Independent Auditors

The directors approved the reappointment of PricewaterhouseCoopers LLP as auditors of Mary’s Meals on 8 June 2012.

On behalf of the Board

David Clayton

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Independent Auditors’ report to the members and trustees of Mary’s Meals

We have audited the financial statements of Mary’s Meals for the year ended 30 November 2012 which comprise the Group and Parent Charitable Company Statements of Financial Activities, the Group and Parent Charitable Company Balance Sheet, the Group Cash Flow Statement, the Accounting Policies and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Respective responsibilities of trustees and auditors As explained more fully in the Trustees’ Responsibilities Statement set out on page 11, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board’s Ethical Standards for Auditors. This report, including the opinions, has been prepared for and only for the charity’s members and trustees as a body in

accordance with section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and the Companies Act 2006 and

regulations made under those Acts (regulation 10 of the Charities Accounts (Scotland) Regulations 2006 (as amended) and

Chapter 3 of Part 16 of the Companies Act 2006) and for no other purpose. We do not, in giving these opinions, accept or

assume responsibility for any other purpose or to any other person to whom this report is shown or into whose hands it may

come save where expressly agreed by our prior consent in writing.

Scope of the audit of the financial statements An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of: whether the accounting policies are appropriate to the group’s and the parent charitable company’s circumstances and have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by the trustees; and the overall presentation of the financial statements. In addition, we read all the financial and non-financial information in the Directors’ Report to identify material inconsistencies with the audited financial statements. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report. Opinion on financial statements In our opinion the financial statements:

give a true and fair view of the state of the group’s and the parent charitable company’s affairs as at 30 November 2012 and of the group’s and the parent charitable company’s incoming resources and application of resources, including the group’s and the parent charitable company’s income and expenditure and cash flows, for the year then ended;

have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

have been prepared in accordance with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and regulations 6 and 8 of the Charities Accounts (Scotland) Regulations 2006 (as amended).

Opinion on other matter prescribed by the Companies Act 2006

In our opinion the information given in the Trustees’ Annual Report for the financial year for which the financial statements are prepared is consistent with the financial statements.

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Matters on which we are required to report by exception We have nothing to report in respect of the following matters where the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 (as amended) require us to report to you if, in our opinion:

adequate accounting records have not been kept by the parent charitable company or returns adequate for our audit have not been received from branches not visited by us; or

the parent charitable company’s financial statements are not in agreement with the accounting records or returns; or

certain disclosures of trustees’ remuneration specified by law are not made; or

we have not received all the information and explanations we require for our audit.

Lindsey Paterson (Senior Statutory Auditor) for and on behalf of PricewaterhouseCoopers LLP Chartered Accountants and Statutory Auditors Glasgow 14 June 2013

PricewaterhouseCoopers LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.

a) The maintenance and integrity of the Mary’s Meals website is the responsibility of the trustees; the work carried out by the auditors does not involve consideration of these matters and, accordingly, the auditors accept no responsibility for any changes that may have occurred to the financial statements since they were initially presented on the website. b) Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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Page 14

Consolidated Statement of Financial Activities (incorporating the income and expenditure account) for the Year ended 30 November 2012

Mary’s Meals - Group Company No SC265941

(A company limited by guarantee) Charity No SC022140

for the Year ended 30 November 2012

Unrestricted Restricted 2012 2011

funds funds Total Total

Notes £ £ £ £

Incoming resources

Incoming resources from generated funds:

Voluntary income 2 4,461,241 3,309,337 7,770,578 6,802,322

Activities for generating funds 3 1,886,016 7,885 1,893,901 1,560,070

Investment income 8,839 726 9,565 15,154

Incoming resources from charitable activities 360 - 360 5,703

Other incoming resources – Gift Aid tax reclaimed 334,666 - 334,666 393,072

Total incoming resources 6,691,122 3,317,948 10,009,070 8,776,321

Resources expended Costs of generating funds:

Cost of generating voluntary income 4 412,837 - 412,837 403,663

Fundraising trading:

cost of goods sold and other costs 5 204,662 - 204,662 198,968

Charitable activities 6, 7 1,706,799 7,541,590 9,248,389 7,413,314

Governance costs 8 81,383 3,603 84,986 75,387

Total resources expended 2,405,681 7,545,193 9,950,874 8,091,332

Net incoming/(outgoing) resources 4,285,441 (4,227,245) 58,196 684,989

before transfers

Transfers (4,574,984) 4,574,984 - -

Net movement in funds

Net income/(expenditure) for the year (289,543) 347,739 58,196 684,989

Fund balances brought forward 2,043,538 937,860 2,981,398 2,237,956

Currency gain/(loss) on revaluation 19,926 (5,053) 14,873 58,453

Fund balances carried forward 1,773,921 1,280,546 3,054,467 2,981,398


All gains and losses recognised in the year are included in the Statement of Financial Activities. The notes on pages 17 to 35 form an integral part of these financial statements.


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Mary’s Meals - Charity Company No SC265941

(A company limited by guarantee) Charity No SC022140

for the Year ended 30 November 2012



£ £ £ £

Incoming resources

Incoming resources from generated funds:

Voluntary income 4,461,241 3,294,669 7,755,910 6,781,095

Activities for generating funds 1,886,016 7,885 1,893,901 1,560,070

Investment income 8,839 - 8,839 14,895

Incoming resources from charitable activities 360 - 360 520

Other incoming resources – Gift Aid tax reclaimed 334,666 - 334,666 393,072

Total incoming resources 6,691,122 3,302,554 9,993,676 8,749,652

Resources expended

Costs of generating funds:

Cost of generating voluntary income 412,837 - 412,837 403,663

Fundraising trading:

cost of goods sold and other costs 204,662 - 204,662 198,968

Charitable activities 1,700,242 7,674,629 9,374,871 7,525,558

Governance costs 81,383 81,383 70,344

Total resources expended 2,399,124 7,674,629 10,073,753 8,198,533

Net incoming/(outgoing) resources 4,291,998 (4,372,075) (80,077) 551,119

before transfers

Transfers (4,541,239) 4,541,239 - -

Net movement in funds

Net income/(expenditure) for the year (249,241) 169,164 (80,077) 551,119

Fund balances brought forward 2,003,236 803,991 2,807,227 2,199,799

Currency gain/(loss) on revaluation 19,926 (5,053) 14,873 56,310

Fund balances carried forward 1,773,921 968,102 2,742,023 2,807,228

Statement of Financial Activities (incorporating the income and expenditure account) for the Year ended 30 November 2012



Page 16

Notes Group Group Charity Charity

2012 2011 2012 2011

£ £ £ £

Fixed Assets

Tangible assets 14 178,141 211,947 112,041 30,455

Current Assets

Stocks 15 119,630 - 119,630 -

Debtors 16 267,687 94,327 210,170 73,648

Cash at bank and in hand 2,585,709 2,855,713 2,353,133 2,786,943

2,973,026 2,950,040 2,682,933 2,860,591

Liabilities

Creditors: amounts falling due within one year 17 (96,700) (180,589) (52,951) (83,818)

Net current assets 2,876,326 2,769,451 2,629,982 2,776,773

Net assets 3,054,467 2,981,398 2,742,023 2,807,228

The funds of the charity

Restricted income funds 18, 19 1,280,546 937,860 968,102 803,991

Unrestricted income funds 1,773,921 2,043,538 1,773,921 2,003,237

Total charity funds 3,054,467 2,981,398 2,742,023 2,807,228

Balance sheets as at 30 November 2012

The financial statements were approved by the Board of Directors on 14th June 2013 and signed on its behalf by

David Clayton

Director



Page 17

Group Cashflow Statement for the Year Ended 30 November 2012

2012 2011

£ £

Operating Activities

Net cash (outflow)/inflow from operating activities (Note a) (308,169) 731,516

Returns on investments and servicing of finance

Deposit Interest received 9,565 15,154

Interest Paid - (1,786)

9,565 13,368

Capital Expenditure and Financial Investment

Payments to acquire tangible fixed assets 13,377 (61,991)

Loss on disposal of tangible fixed assets - -

Receipts from sales of tangible fixed assets 350 -

13,727 (61,991)

Net cash (outflow)/inflow before management of liquid resources and financing (284,877) 682,893

Balances at 1 December 2011 2,855,713 2,114,367

Effect of foreign exchange differences 14,873 58,453

Cash (outflow)/inflow from financing (284,877) 682,893

Balances at 30 November 2012 2,585,709 2,855,713

NOTES

Reconciliation of net incoming/(outgoing) resources to net cash inflow/(outflow) from operating activities

2012 2011

£ £

Net incoming resources before revaluations 58,196 684,990

(Increase)/decrease in Debtors (173,360) 36,375

Deposit Interest received (9,565) (15,154)

Interest Paid - 1,786

Depreciation Charge 20,349 67,343

Loss on disposal of fixed assets - 897

Increase in Stock (119,630) -

Decrease in Creditors/ Accruals (84,159) (44,721)

Net Cash (outflow)/inflow (308,169) 731,516



Page 18

1. Accounting policies

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the

preceding year.

Basis of accounting

Mary’s Meals is an incorporated charity. The financial statements have been prepared on the going concern assumption and accruals concept and

provide information that is relevant, reliable, comparable and understandable.

The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting

by Charities' issued in March 2005 (SORP 2005), applicable accounting standards in the United Kingdom, the Companies Act 2006, the Charity Accounts (Scotland) Regula-

tions 2006 and the Charities and Trustee Investment (Scotland) Act 2005.

1.2 Basis of consolidation

The financial statements consolidate the results of the charity, including branches in Bosnia and Liberia, and its subsidiary Scottish International Relief

Malawi, on a line-by-line basis.

Scottish International Relief Malawi: This entity is closely associated with Mary’s Meals and implements its projects in Malawi. In accordance with

best practice, the financial statements of Scottish International Relief Malawi have been consolidated in the financial statements. This is based on the

guidelines in the Statement of Recommended Practice for charities, that where there is dominant influence due to control the financial statements

should be consolidated.

1.3 Incoming resources

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be

quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable.

Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes

unconditionally entitled to the grant. Donated services and facilities are included at the value to the charity where this can be quantified. The value

of services provided by volunteers has not been included. Gifts donated for resale are included as incoming resources within activities for generating

funds when they are sold.

Grants, including grants for the purchase of fixed assets, are recognised in full in the statement of financial activities in the year in which they are

receivable.

Income from the charity shops is included in the year in which it is receivable.

Income from investments is included in the year in which it is receivable.

Legacies are included when the charity is advised by the personal representative of an estate that payment will be made or property transferred and

the amount involved can be quantified.

Notes to financial statements




Page 19



1.4 Resources expended

All expenditure is included on an accruals basis and is recognised where there is a legal or constructive obligation to pay. Any costs directly

attributable to specific categories have been included in those cost categories in the SOFA. Other costs, which are attributable to more than one

activity, are apportioned across categories on the basis of an estimate of the proportion attributable. The Charity is registered for vat and all

expenditure is shown inclusive of any irrecoverable vat applicable.

Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the

charitable activities.

Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes includ-

ing the charity's shops.

Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management.

Governance costs are those incurred directly in connection with compliance with constitutional and statutory requirements, together with a pro-

portion of salary costs relating solely to the strategic management of the charity.

1.5 Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less resid-

ual value of each asset over its expected useful life, as follows:

Leasehold properties - Straight line over the life of the lease

Plant and machinery - 15% straight line

Fixtures, fittings and equipment - 15% straight line

Motor vehicles - Motorbikes 33% straight line / Vehicles 25% straight line

Computer Equipment - 33% straight line

1.6 Stocks

Stock is valued at the lower of cost or net realisable value.



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1.7 Defined contribution pension schemes

The charity has in place a group pension scheme to make available pension provision to all employees. Contributions in respect of the company's

defined contribution pension scheme are charged to the income and expenditure account for the year in which they are payable to the scheme.

Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.

1.8 Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at an appropriate rate of exchange. Transactions in

foreign currencies are recorded at the date of the transactions. All differences are taken to the statement of financial activities.

1.9 Tax reclaimed on gift aid

Tax reclaimed on the basis of donations made under gift aid during the year is recognised in the year in which the donation was made. Tax recovered

is normally credited to unrestricted funds, unless material amounts are recovered from specific restricted donations.

1.10 Value of distributed goods

All donated goods which the charity sends abroad are evaluated to establish how it can maximise the value of the gift, except where appeals are

made specifically for items to send overseas i.e. school backpacks.

A wide variety of goods are donated to the charity and sent overseas. In placing a value on these items, the following factors are taken into account:

a) the purchase price or market value for new/unused items

b) the price of an equivalent substitute in the recipient area

c) the income which could be generated if the goods were sold in the UK

d) the depreciation of second hand goods, or value added through reconditioning or checking by volunteers.

1.11 Transfers between Funds

Transfers from unrestricted to restricted funds enable Mary’s Meals to continue to fund projects furthering their charitable activities in different

countries using donations to the general fund.

Restricted funds are held for each country where Mary’s Meals performs its Charitable Activities.

1.12 Operating Leases

Operating leases held relate to rental leases for shops. These are accounted for in the SOFA on a straight line basis over the life of the lease.


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2. Voluntary Income

The consolidated statement of financial activities includes the results of the charity’s subsidiary, Scottish International Relief Malawi.

The summary financial performance of the Group is:


Donations funds funds Total Total

£ £ £ £

Unrestricted Donations 3,621,931 - 3,621,931 3,304,991

East Africa Emergency - 128,756 128,756 214,998

Mary's Meals Malawi - 1,217,399 1,217,399 903,795

Romania Houses - 20,457 20,457 21,868

Malawi other - - - 208

Mary's Meals Liberia - 222,000 222,000 133,305

Mary's Meals Bosnia 21,206 - 21,206 -

Mary's Meals Uganda - 93 93 4,295

Mary's Meals Ukraine - 2,169 2,169 2,372

Mary's Meals Haiti - 61,430 61,430 76,333

Mary's Meals Philippines - 1,409 1,409 4,283

Mary's Meals Albania - 638 638 -

Mary's Meals India - 7,421 7,421 7,622

Mary's Meals Sudan - 1,445 1,445 1,680

Mary's Meals Ecuador - 4,937 4,937 5,750

Mary's Meals Kenya - 19,975 19,975 -

Mary's Meals Benin - 28,866 28,866 4,565

Legacies received 211,447 - 211,447 165,307

3,854,584 1,716,995 5,571,579 4,851,372

Included in the above figures are amounts raised by fundraising organisations outwith the UK. Some of the major areas are noted below:

Mary's Meals Bosnia 22,533

Mary's Meals Croatia 66,275

Mary's Meals Germany 294,386

Mary's Meals Ireland 104,058

Mary's Meals Italy 9,003

Mary's Meals Netherlands 8,500

Mary's Meals U.S.A. 467,745

Abu Dhabi Group 23,000

Austrian Groups 351,505

Australian Groups 33,324

1,380,329


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Grants and Trusts £ £ £ £

Artemis Trust - 50,588 50,588 41,000

Band Aid Trust - 100,000 100,000 171,208

Bannatyne Trust - 120,000 120,000 120,000

Fondation Eagle - 102,230 102,230 -

Garfield Weston Trust - 150,000 150,000 50,000

Lancaster Foundation - 114,196 114,196 91,830

Liechtenstein Red Cross - 170,908 170,908 377,684

Maitri Trust - 395,608 395,608 -

Medicor Foundation - - - 176,400

Moondance Foundation 400,000 - 400,000 -

Park House Charitable Trust 100,000 - 100,000 200,000

Scottish Government - 289,216 289,216 356,486

Other grants 106,657 99,596 206,253 366,342

606,657 1,592,342 2,198,999 1,950,950

Total Voluntary Income Unrestricted Restricted 2012 2011


Total Voluntary income £ £ £ £

Donations 3,854,584 1,716,995 5,571,579 4,851,372

Grants and Trusts 606,657 1,592,342 2,198,999 1,950,950

4,461,241 3,309,337 7,770,578 6,802,322


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3. Activities for generating funds

4. Costs of generating voluntary income



£ £ £ £

Shop income 401,915 - 401,915 370,457

Recycling 73,941 - 73,941 75,249

Fundraising events 33,480 7,885 41,365 43,280

Collections 2,657 - 2,657 2,899

Raffles 40,841 - 40,841 42,678

Value of donated Aid 1,333,182 - 1,333,182 1,025,507

1,886,016 7,885 1,893,901 1,560,070

Unrestricted 2012 2011

funds Total Total

£ £ £

Donations and grants 412,837 412,837 403,663

412,837 412,837 403,663

Analysis by cost 2012 2011

Staff costs 264,420 254,778

Recruitment, Staff training and volunteer costs 2,753 5,423

Office costs 77,013 79,304

Advertising and publicity 12,957 7,041

Website costs 9,497 18,798

Motor and travel 25,573 15,100

Sundry costs 14,155 17,894

Depreciation 6,469 5,325

412,837 403,663


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5. Fundraising trading

Unrestricted 2012 2011

funds Total Total

£ £ £

Shop costs 204,662 204,662 198,968

204,662 204,662 198,968

Analysis by cost 2012 2011

£ £

Staff costs 83,046 77,532

Shops; rent, rates and insurance 103,364 95,714

Office costs, including phone and IT 11,192 18,707

Repairs and maintenance 133 246

Transport and vehicle costs 1,242 2,089

Depreciation 5,685 4,680

204,662 198,968

Retail shop contribution

Income from sale of donated goods 401,915 370,457

Recycling income 73,941 75,249

Costs of realisation (204,662) (198,968)

271,194 246,738


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7. Costs of charitable activities – by activity



£ £ £ £

Mary's Meals - 6,884,425 6,884,425 5,337,519

Children's Homes - 80,752 80,752 89,286 Backpacks and shipped aid 1,422,446 - 1,422,446 1,117,025

Raising awareness 284,353 - 284,353 268,026

Emergency aid - 576,413 576,413 601,458

1,706,799 7,541,590 9,248,389 7,413,314

Activities Grant

undertaken funding Support 2012 2011 directly activities costs Total Total

£ £ £ £ £

Mary's Meals 4,707,527 1,862,574 314,324 6,884,425 5,337,519

Children's Homes - 77,317 3,435 80,752 89,286

Backpacks and shipped aid 1,379,671 - 42,775 1,422,446 1,117,025

Raising awareness 284,353 - - 284,353 268,026

Emergency aid - 551,892 24,521 576,413 601,458

1,664,024 7,199,310 385,055 9,248,389 7,413,314

Included in shipped aid is expenditure as follows:

Shipping Aid value Total

Kenya 8,817 161,424 170,241

Malawi 26,690 913,553 940,243

Liberia 2,900 258,205 261,105

Backpacks carriage charge 8,082 - 8,082

46,489 1,333,182 1,379,671



£ £ £

Auditors' remuneration 8,636 3,603 12,239 10,505

Professional - Legal fees 3,272 - 3,272 973

Other expenses, including salary allocation 66,780 - 66,780 61,601

Bank charges 2,290 - 2,290 1,786

Subscriptions 405 - 405 522

81,383 3,603 84,986 75,387

8. Governance costs - Group

6. Costs of charitable activities – by fund type


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9. Analysis of support costs

Supports Costs are allocated to Shipped Aid as direct costs of Staff involved and Running Costs of the Aid Warehouse.

The balance of support costs are allocated across the other activities in proportion to project expenditure.

Mary's Children's Emergency Shipped 2012 2011

Meals Homes Relief Aid Total Total

£ £ £ £ £ £

Staff costs 236,947 2,583 18,438 38,377 296,345 247,832

Support Services for programme management 5,965 66 469 - 6,500 30,000

Premises costs 23,634 260 1,858 3,398 29,150 30,274

Motor and travelling costs 25,389 280 1,996 - 27,665 34,865

Accountancy charges - - - - - 2,943

Office expenses, including phone and IT 16,457 181 1,294 1,000 18,932 19,559

Depreciation and impairment 5,218 57 410 - 5,685 4,680

Advertising, publicity and subscriptions 714 8 56 - 778 4,006

314,324 3,435 24,521 42,775 385,055 374,159


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10. Net incoming resources of the year

Group Group

2012 2011 £ £ Net incoming resources is stated after charging:

Depreciation and other amounts written off tangible fixed assets 112,987 74,541 Auditors' remuneration 12,239 10,505

and after crediting:

Profit on foreign currencies 14,873 58,453

11. Employees

The number of employees has increased significantly as a result of the inclusion of Liberia within the Charity accounts for 2012. For details of Directors Remuneration and Expenses see note 24.

Employment costs 2012 2011 £ £ Wages and salaries 1,120,485 983,320 Social security costs 73,977 66,937 Other pension costs 60,010 46,975 Other costs - training and volunteer costs 30,730 11,853 1,285,203 1,109,085 The Accounting and Reporting by Charities: Statement of Recommended Practice (revised 2005) requires that charities that are subject to a statutory audit show the number of employees whose emoluments for the year exceed £60,000 (excluding employer pension costs). No employee received emoluments of more than £60,000 during the year to 30th November 2012. Number of employees The average monthly numbers of employees (excluding the directors) during the year, was as follows 2012 2011 F/T Equivalent Number Number Direct delivery 127 55 Support 10 8 Fundraising 10 9 Shops and Recycling 4 4 Material Aid and Raising awareness 7 7 Governance 2 2 160 85


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12. Pension Costs

The company operates a defined contribution pension scheme in respect of staff. The scheme and its assets are held by independent managers.

The pension charge represents contributions due from the company and amounted to £50,884 (2011 - £37,638).

Scottish International Relief Malawi contributes on behalf of its local employees, a mandatory and defined contribution Pension scheme prescribed

by the Government of Malawi under the pension act of 2010 which came into effect on 1st June 2011. Mary's Meals contributes 7.5% of employees’

salary while the employees contribute 5%. Employers are required under the Act to remit aggregated contributions to any of the licensed Pension

Administrators. The charge in 2012 was £7,980 (2011 – £5,182).

13. Taxation

The charity’s activities fall within the exemptions afforded by the provisions of the Corporation Tax Act 2010. Accordingly, there is no taxation charge

in these financial statements.

14. Tangible fixed assets – group and charity

Charity Long Fixtures

leasehold Plant and fittings and Motor Computer

property machinery equipment vehicles Equipment Total

Cost £ £ £ £ £ £

At 1 December, 2011 6,083 25,413 62,031 6,714 80,000 180,241

Additions - - 5,873 150,795 - 156,668

Disposals - - (800) - - (800)

At 30 November, 2012 6,083 25,413 67,104 157,509 80,000 336,109

Depreciation

At 1 December 2011 4,868 13,759 52,703 6,714 71,742 149,786

Charge for the year 1,215 2,906 7,360 56,770 6,481 74,732

Released on disposals - - (450) - - (450)

At 30 November, 2012 6,083 16,665 59,613 63,484 78,223 224,068

Net book values

At 30 November, 2012 - 8,748 7,491 94,025 1,777 112,041

At 30 November 2011 1,215 11,654 9,328 - 8,258 30,455


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Group Long Fixtures

leasehold Plant and fittings and Motor Computer

property machinery equipment vehicles Equipment Total

Cost £ £ £ £ £ £

At 1 December 2011 6,083 25,413 62,031 335,689 90,066 519,282

Exchange rate - - - (230,974) (5,271) (236,245)

Additions - - 5,873 216,019 976 222,868

Disposals - - (800) - - (800)

At 30 November, 2012 6,083 25,413 67,104 320,734 85,771 505,105

Depreciation

At 1 December 2011 4,868 13,759 52,703 159,822 76,183 307,335

Exchange rate - - - (90,171) (2,737) (92,908)

Charge for the year 1,215 2,906 7,360 93,514 7,992 112,987

Released on disposals - - (450) - - (450)

At 30 November, 2012 6,083 16,665 59,613 163,165 81,438 326,964

Net book values

At 30 November, 2012 - 8,748 7,491 157,569 4,333 178,141

At 30 November 2011 1,215 11,654 9,328 175,867 13,883 211,947

15. Stocks

Group Group Charity Charity

2012 2011 2012 2011

£ £ £ £

Stock 119,630 - 119,630 -

16. Debtors

Group Group Charity Charity

2012 2011 2012 2011

£ £ £ £

Trade debtors 245,958 5,685 188,441 5,685

Other debtors 21,729 88,642 21,729 67,963

267,687 94,327 210,170 73,648

17. Creditors: amounts falling due within one year

2012 2011 2012 2011

£ £ £ £

Trade creditors 33,925 84,046 11,197 15,892

Other taxation and social security 20,773 19,917 20,773 19,917

Accruals and deferred income 42,002 76,626 20,981 48,009

96,700 180,589 52,951 83,818


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18. Analysis of net assets between funds

19. Unrestricted and Restricted funds

Unrestricted Restricted Total

funds funds funds

£ £ £

Fund balances at 30 November 2012 as represented by:

Tangible fixed assets 24,911 153,230 178,141

Current assets 1,801,462 1,171,564 2,973,026

Current liabilities (52,452) (44,248) (96,700)

1,773,921 1,280,546 3,054,467

At Gain on At

1 December Incoming Outgoing Currency 30 November

2011 resources resources Transfers Revaluation 2012

Group £ £ £ £ £ £

Unrestricted funds 2,043,538 6,691,122 2,405,681 (4,574,984) 19,926 1,773,921

Restricted Funds 937,860 3,317,948 7,545,193 4,574,984 (5,053) 1,280,546

Total 2,981,398 10,009,070 9,950,874 - 14,873 3,054,467


Page 31




Restricted funds

At At

1 December Incoming Outgoing 30 November

2011 resources resources Transfers 2012

£ £ £ £ £

Mary's Meals Malawi 281,040 2,070,778 3,889,303 2,177,751 640,266

Mary's Meals Haiti 255,416 62,680 631,212 313,116 -

Mary's Meals Liberia 84,737 498,019 1,054,686 1,062,210 590,280

Mary's Meals Other Regions 17,838 365,402 1,317,880 984,640 50,000

Emergency Relief East Africa 298,829 264,612 574,074 10,633 -

Emergency Relief Philippines - - 2,339 2,339 -

Children's Homes Romania - 56,457 80,752 24,295 -

937,860 3,317,948 7,550,246 4,574,984 1,280,546

Mary’s Meals Funds – Other Regions-includes the following specific areas:

At At

1 December Incoming Outgoing 30 November

2011 Resources Resources Transfers 2012

£ £ £ £ £

Albania - 638 9,702 9,064 -

Benin - 28,866 32,256 3,390 -

Bosnia - - 11,260 11,260 -

Burma - - 23,129 23,129 -

Ecuador - 4,937 7,164 2,227 -

Kenya - 205,930 438,410 232,480 -

Sudan 17,838 101,445 238,656 169,373 50,000

Thailand - - 30,969 30,969 -

Uganda - 93 264,677 264,584 -

Philippines - 1,409 19,980 18,571 -

Ukraine - 2,169 67,888 65,719 -

India - 19,915 173,789 153,874 -

17,838 365,402 1,317,880 984,640 50,000


Page 32




21. Financial commitments

At 30 November 2012 the company had annual commitments under non-cancellable operating leases as follows:

22. General commitments

The company operates a defined contribution pensions scheme on behalf of its employees. The assets of the scheme are held separately from those

of the company in an independently administered fund. The annual pension commitment under this scheme is for contributions of £50,884. At 30

November 2012, an amount of £0 was accrued in the financial statements (2011 - £4,085).

Scottish International Relief Malawi contributes on behalf of its local employees, a mandatory and defined contribution Pension scheme prescribed

by the Government of Malawi under the pension act of 2010 which came into effect on 1st June 2011. Mary's Meals contributes 7.5% of employees’

salary while the employees contribute 5%. Employers are required under the Act to remit aggregated contributions to any of the licensed Pension

Administrators. The charge in 2012 was £7,980. At 30 November, an amount of £1,752 was accrued in the financial statements (2011 - £7,220).

23. Committed resources

In the first three months of the year to 30 November 2013, the following amounts of direct grant aid were sent overseas:

Over the year to 30 November 2013, Mary’s Meals is committed to a grant aid programme of £8.028m, of which £4.104m is committed to Malawi.

The charity is committed to supporting the running of Iona House, Bannatyne House, and Rozis House in Romania. Included in the above commit-

ments is annual expenditure in the region of £77,000 (2011 - £80,000) in respect of the Children's Homes in Romania.

2012 2011

Expiry date £ £

Within one year - -

Between one and five years 47,214 47,214

In over five years 28,000 28,000

75,214 75,214

£

December 2012 700,387

January 2013 621,068

February 2013 431,045

1,752,500


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24. Transactions with directors

In accordance with the Memorandum and Articles of Association, directors may only receive remuneration for services undertaken in the administra-

tion of the charity provided that it is authorised by the Board, is within the limits laid down, and as long as a majority of the Board members are act-

ing without remuneration.

Reimbursements of travel expenses were paid during the year to the following Directors:-.

M McGreevy £208

Conflicts of Interest

The company operates a policy to deal with potential conflicts of interest. This includes maintaining a register of board members/directors interests,

which details any contractual or financial relationship or position of authority with outside companies, firms or organisations. Whenever a board

member/director has an interest in any item discussed by the Board, he/she takes no part in the discussions or decision making process.


Page 34




25. Related party transactions

Connected party transactions

The chief executive of the charity, Magnus MacFarlane-Barrow, is closely related to a number of the directors on the Board. His remuneration is

determined by an independent committee whose membership is made up of unrelated parties.

For the year to 30 November 2012, his gross remuneration amounted to £31,044 (2011: £30,239), and he received reimbursement of expenses

amounting to £0 (2011: £912). He is a member of the charity pension scheme.

Craig Lodge Trust

Mary’s Meals operated during the year on a rent free basis from property owned by the Craig Lodge Trust and contributes to the running of the prop-

erty by paying for power usage and a share of similar overheads. These costs are included in the amount shown below.

The Craig Lodge Trust is run by Calum and Mary-Anne MacFarlane-Barrow who are directors of Mary’s Meals. During the year, Craig Lodge Trust provided goods and services i.e. accommodation, meals, and overheads, amounting to £6,544. These were pro-vided on an arm's length basis

Projekt Albanien (Albania) Pazaric Institute for Child and Youth Protection (Bosnia) Soeurs de Marie Medaille Miraculeuse (Benin) Maryknoll Myanmar (Burma) Fundacion Cristo Misionero Orante (Ecuador) Hands Together (Haiti) Caritas(Haiti) Board for Research Education and Development (BREAD) (India) The Way Christian Ministries (Kenya) The Diocese of Lodwar (Kenya)

Scottish International Relief Malawi The Medjugorje Peace Centre (Philippines) Rhema Foundation (Romania) Amsudan/Comboni Missionaries (South Sudan) St Vincent De Paul (Sudan) Living Water Centre (Thailand) Centre for Pa Ka Yo (Thailand) Emmaus Foundation (Uganda) De Paul International (Ukraine) Gift of the Givers (Somalia)

Partnership Organisations

Mary’s Meals works with various organisations to enable it to best achieve its objectives; the main entities are as follows:

Mary’s Meals Overseas

Scottish International Relief Malawi is an independently constituted body whose main function is to implement Mary’s Meals projects in Malawi, but it is free to fundraise from other sources. Mary’s Meals is represented on the board of this organisation. Mary’s Meals is registered in Liberia, as an overseas organisation working in the country. Supporters of Mary’s Meals in Austria, Canada, Croatia, Germany, Ireland, Italy, Netherlands, Portugal and the U.S.A. have set up groups for the sole purpose of fundraising for and supporting Mary's Meals. Supporters of Mary’s Meals in countries such as Abu Dhabi, Australia and Spain have groups that, as part of their purpose, raise funds for and support Mary's Meals. Mary’s Meals has registered branches in Bosnia and Herzegovina and Liberia. Mary's Meals USA continued active fundraising during the year, and project funding was transferred directly to Mary's Meals projects in Malawi, Liberia and Haiti.


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26. Company limited by guarantee

Mary’s Meals is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.

27. Ultimate Parent Undertaking and Controlling Party

The ultimate parent undertaking and controlling party is Mary’s Meals, a company incorporated in Scotland. The consolidated financial statements of Mary’s Meals can be obtained from: Mary’s Meals Craig Lodge Dalmally Argyll PA33 1AR

Documents

Mary’s Meals (A company limited by guarantee) · global average cost of Mary’s Meals school feeding continues to be £10.70 per child, per year. Once again this year we remained