THE MICHAEL MArrHEWS FOUNDATION
REPORT AND ACCOUNTS
YEAR ENDED 30 APRIL 2022

THE MICHAEL MATTHEW5 FOUNDATION
l N L) EX
Year ended JO Aprll 2022
Report olthe frust68$
Inéependent ￿5￿tr￿. rtporr
Star*menE of flnancw ¥(tIv￿e5
Bilance shèet
Noios YJ rh¢ flnan¢ial itst•rn•n

THE MICHAEL MATTHEWS FOUNDATION
REPOR T O F TH E TKUSTE ES
Year ended 30 Aprll 2022
Thc Trustees present their inndal report and accourts ol the ¢h¥rity for the year ended 30 April 2022. The
fiD4ncial 5raremenr5 have been prepared ir. accordance witn the accounung pdicies set out in note l of the fir.anciil
sutements and wirh the Accounting and Reporting by Chariiic5'. Stslemenr of Recornmended Prictice applicable to
chariiies prep2fing Iheif iCCOun15 in accordance with the Finanei#l Reporting Sta?éird applicable in the UK and
Republic of Ire13Trd IFRS 1021 Icffoctivc I january 20191.
5tryrture. ¥ov¢rnance management
The Tru5r 15 30 unincorporaL¢d chari¢y. c¢nsiF¥¢*¢J un¢kr • Trust Deed dated 8 February 2000 and is a regi5ttrr¢d
chariry. Dumber 1079956.
The power 19 appoini new Trusrees is vestee in thc cx15ting Trustees Re5POfl5ibi ity for the InduciiDll Df new
Trustee, which Involves awareness ol the history and ipproac4 of the charity and in understanding of a Tru5teos
duEy, lies Wi h the Trvsiees A new TrusEee would receive cop es ol tho previoLS year's account5.
Oblectlves and actlvltle5
The obj¢£ts of ihe Trusi as yven In the Trust Oe¢t4 ar¢ ffor rhe furrherance and pursulnce of Charitsble purposes.
The objectives ol rhe charity are mer by makipg charitsbl¢ 8ran%S. The <hariry has 3 focus on pr¢vidins grants rg
improve the lives ol £hildr¢n In hi8hty deprived areas. Durin8 rhe y¢ar yants wero mad¢ torallin8 £11,538
12021 £32,884).
The Foundarion works In coniuts¢rion With Lyra in Alri¢a (UK <h*rity - 11464961 wir4 a brafith bastd in Tanz*nia
Grant 3pplicaiions are reviewed by rhe TrLs:ees grènr5 are made 4r the Trustees. d15credon. Tbe Trust Deed
¢mpoWtrs th¢ Troscets to ltrvesi ai rhcir absolute di5cre:ion.
ThE Tru5tee5, havin8 regard to the Public benefit 8JidaDce publishcd by the Charity Commission in accordanco with
%¢ction 17 01 the Chariii¢s Acr 2011. consid*r rhai the purpose and a£uviu*s of Ihe chariTy sausfy the réquiremenrs
for rhe publie bèntfit te51 set out In sec.ion 4 of the same ac(.
Achievements and performance
ThE Chirity'5 opofiiing Co5￿ ror.tinu¢ tg b¢ mel by rr¢mbers of rhe Marrhews lamily and the sertltment of rhoso
CQ5t5 on rht Chariry s behalf have been rrȥred #s 'oiher donations (see rote 2. page 91 in the icccunts As a
rt5ulc. l 00% cl tho donations lexcluding the ilorem¢nEToned 'oth¢r doTration$'l fap b¢ used 10 d¢liv¢r benefir 10
th05e whom the Charity supporys.
Grants etsntinue io be made whe￿¢ ihe Trus¢¢es IE¢I thii rht studenrs will experien<e life Iransforming benefit5 Of
educ•tion In Tanzania. in coniunction vlith Lyra in Africa - a UK regisiered Iharity.
During 2022 Th¢ MicFael Marrhtws Foundation I'MMFI attiyitiès lo£used on I I Phasé two of the youth
eDrr¢pr¢neurship progrim £alled"Bu5iness boost" and 21 sponsoring marginalised and disaévantsged gir15 to ziye
th¢m accE55 19 Iiye In hostels. A deci5ioD wa5 Laken by the Trustees io postpone the insL)Ilation ol a computer lab
iThr¢ 2023. The MMF Inve5trnent in :he build oi fjve h05tels In rural TanL)niJ continues to have in Imp•¢t gn rur41
girls. wich over 500 gir15 Ilving and thrNing In Ihe MMF hostels Ihroughov¢ 2022. The clas$"ooms and ceacher
roorns built in primary sch¢o1s continve to promote well be'ne and a better environment f¢r learnini.
Phase two of thÈ youth entrepreneurship program: Buslness 8oost
Building OD Lyra S successful I￿Arika Kijana IIKI program. funding Irom MMF fotu%ed on taking ih15 )rograrn to
Phase two. The focus of IK Phase two IS to take recentty graduated entrepreneurs rom Lyra's IK progrim Eo
engage In 3 1 year 'Business boost" course 10 locus on growing thÈir businossts. T*e )rcioct IntludÈs montO*jng.
wriiing business pl¥ns. digital fraining and acce55 to capital. li order to grow viable buSine5ses that drive local
employmeit & wealih crearion.

THE MICHAEL MAThHEWS FOUNDATION
R E PO R T O F T H E T R U S T E E S Ico ntl
Year ended 30 April 2022
During 2022. in1r1￿ empha51s was ?Li<ed on ideDtfyiDg the receTrt grJduat¢d enrrepren¢uTS who hid viible
busine55e5 and a55e55in8 wheiher Lheir busi?e55 had the po:ential to grow. A total of 255 1169 fetnale and 86 m3lel
enrreprenevrs were idenrrfied T-'.c locus of *hesc Tricrobu5ine5ses iyclude poulrry producrion. small shops ind
05ks, beekeeping, piggery ind farming. T*e MMF (raining focu5es OTh value thxin analysis, scaling individu31 and
group businesses. markElin8 and digial sk,115. With exp05Jre trips aligned to parlicipanls. bu5ineS5ES Ipoulrry.
farming, beekeep.ng etcl and menwring. The Business boosr course Wi,1 lasi Into Q3 1023.
Girls Sponsorship
MMF coir'nues to Sponsor margiTr31ised aryd d1s3tfvanr3ged gir15 Irom ultra-poor backzround5 10 cijprinue their
5eccThdtry tdutation. ln 2022 90 girl% wcro sponsored Sponsoripg ukra-ptsor ruril Ri..Is is one of most critical
layer5 of the Lyra poriloliD as Ir p￿0¥ideS Ihe Iifoline Ihai Is needed ¢0 keep tht mosr disad¥antagod girls In
education. E3<h year we crnck ihese girls who have been 5pon50red ard wc see Ihe IrJnslormiLional impact Qn
¢hoir Iivcs that the aci of spon%grsiip has. These lrfe chapging case studies will be shared wilh MMF through the full
3DThual report
Impa<t of MMF hI5torical investments
Con5tructlon.. MMF have previous.'y unded rht build ol five girls. hostels In government setondary schools, as
well J$ 14 c135srooms and 6 :tach¢rs hoJses and roorns in Ihroc rural prirnary Schools. This Inv*stni¢iiT ir building
I￿•S& hosLL.15 from 2013 . 2019 conliTrueS fts Impact POSiriYe y rural girls chance5 01 rompleriThg Iheir oduc3tion.
Annually, over SOO rural girls slay Jn lh¢ MMF hostels ei<h yoar. provjeing them w.th a 53fe pla<¢ ro li¥¢ and stiidy.
Demand for p13ce5 In the MMF lund*d ￿.9*¢t15 continues to be higher (han Lhe occupan<y capdciry. To dace. no
tcenagt pregDanci¢s have becn reported tt rhese 4osrels.
Hosrel name and date
Capaclty of hostel and current occupancy
Capacity 144. Current Occupancy 141
Lundamatwe hostél I Ibbilr 20131 iryd Luhdamaiwo
Nyang'oro Girls H05Eel buil: in 2017 and h•r*ded
¢v¢r to.ho conmunity In 2018
C2PICity lor 80 yrls. curreTri oecupan¢y 136
Lulanzl Girls Hos¢el built in 2016 and handed over
to the ¢ommunity In 2019
Capacity for 72 yrls. ctsrreDt OCCUP3ncy 145
Illambllole Girls Hostel EoJil( in 2019 and handed
over In 2020
Capaciy for 96 8IAs. current oecupan<y 136
We tonrinue to track the impacr of rhe hos￿lS on 11 pregnancy ratos 215econdary c¢mpleLi¥n rates as well is
critically 31 exaffl performance.

THE MICHAEL MATTHEWS FOVNDATIQN
Year ÈfTrded 30 Aprll 2022
FInancI￿ revlew
The Trustee5 apprcvEd cha-itable expendlture kn the pernd of £ 13.705 12021 U4 4581 and 8enÈrated a Dec
surplus fo. ".he perlod of L15.605 12021 defc.'t of 11,7611. afte. al owlpg for dorations and inwesLwen: Income.
At the yoir ord cho cha.fty ￿old net assors ol li29,899 12021 £514.2941. The re58rves of the chidty £onslsE of
unpeyrrlcred funds of £S29.899 12021 1514.2941. The Trusree5 re￿in a SLffl£leYE lavel of free r25orvos ￿ ctsver
any exp¢ndSEure which may become necessary tid w K've tre eh¥i7 flexlbiliry In £ar"ying out ts obFcrJYEs.
Ref•renee and admlnlstratlve detslls
Regl$thred Ch¥ity number.
1079956
Trustee% who ITh tho year wtrt..
I S Matthew$
S G Matt￿¢WI
A Kllkenny OBÉ
Pdnclpal offi¢•'.
6 O•rbySTh•t
Lorydo
WII7AD
k•rs'.
HSBC 8ahk pl¢
69 Paji Ma.1
LonL*Jn. SWIY SEY
lThd¢pendeni ¢x¥nhtr'.
SdDnne Rojc ACA CTA
DIxt)n W4son
22 Charcory iJn•
Lond¢n
WC2A ILS
Appr¢ved by ¢h¢ Trvstées tsn FrkrMAr
Ig4 1¢ L4 *d s18Thed on the r behatr.
/44th1,L
I S MATTHEWS
Trustee

THE MICHAÉL MArrHEWS FOUNDATION
l N J E P E N D E N T E X AMI N ER S
Year ended 30 April 2022
INDEPENDENT EXAMINERS. REPORT TO THE TRUSTEES OF THE MICHAEL MATTHEWS
FOUNDATION
I repory co the Trusrees on my examlnarlon of the ¥ccoLnrs of the Trusr for the yeir ended 30 A?rll 2022.
R*sponilbilltles and ba515 of r*port
As th• chadty Trusreei ol the Trusr you 2￿ responsi)le for tht pre¥raTlon of the iccoanu in accor¢4rycB wlth the
r¢qU￿r￿Ments Jf the Charlties Ac- 2011 1.:*ts Acr'l. You a..¢ s4tirfied thar an audlt Is nor requlred l¢r th1$ year
nder ch2riLy &Dd thal an Independeni exaEr nation is DeeLed.
I roport In respeer of 1)y examination of the TrJ$t's iccoJnr5 carr ed our Lnder 5e¢rlon 145 of the 2011 Acc anol I
cirrylng out my ¢xxmiraJcn I have followed ill the app Cable Direc￿on$ given by t*e Charity Comrnission under
secdon 14515llbl ol ¢ie ACL
An indepondenr enrninadon does no¥ Invofv¢ Kath•rlmg ¥1 the ovldence that wou d be requlred l* aD iudli and
onsequcndy does not cover all th* Ma￿e￿1 than auditor consider5.'n 81￿1% opSnion on 'bq accounrs. The
plannlng and <ondu¢t of an audl-. 8OC5 b￿yone thll lirnitcd 3SSLraDce that arn Indcp¢ndenE t¥aminidon can prwide,
ConsequenLly. l expre55 no sp nloi as ro wh•tier the icccbrrs preset)r a 'truo and fa'r. vlew and my riporr Is
Indep¢ndent examlner's ita¢em¢n¢
l am qJallf ed Eo urderuke the exèrnlnauon by ￿Ing a qJalffied m•mxr of th• Instlw:e ￿ Chartered Accounrants
In England and Wales.
I have ¢owlEted my oxamln*tltrty. I tanflm no mareriai r*atter5 have c(Knt E¢ my 4rt¢ntyon In conn0G￿on with
the examliauon glylng mo cause to b¢ ieve ihat i any macerial respecL
a<<ount5ng r•¢ords wtre r.or kept ITr r¢spec: ol Eh* TrusE ￿ re$￿ir•C tsy sectlgr. 130 of the +y
2. the accounts do not ¥teord thDSe records". cr
3. the acccunEs do nD¢ coTrply wit￿. the applicable requirwnenrs eonc•rning th• l•rm aDd conthnt è.
accourtfts sèt In rhe Ch3riti¢s (Accoknnts keporrsl Reguladon$ 2008 other thar any requlremenl
thit acc¢)unt% givè a 'cruè fllr v ew. which Is pot a matrtr tQnSidÈ.. d a* par¢ pf an idependent
exarnlqidon
(he a¢counrs hav• noi be¢n prepared Ip acctsrdaTr=o wth Lhe methods an4 prlnclples of Ele Sra¢emep- of
Roctstymerded Pranc¢ for accouniing and reporri￿g by thantlos applicxb e ic charitlES preparlng thelr
accouits In accordance ￿th the Flnan£ial Keporting Sraidard applica?le Ir che LIK and Repdblic of Ireland
IFRS 1021
I have no con¢Èm$ ind ha￿ com¢ across no natters In connecuon vrith tho exarFilrxtyon to c4 attefidon Should
driwn In thm rep¢xr In order to •nthle é proper un¢er5tandir8 0¢ the a¢to-nJ tts be reiched
E ACA CTA
Dixor Vvilson
22 Chancery Lane
London WC2A I LS
28 F8bruary
2023

THE MICHAEL MATTHEWS FOUNDATION
ST A T E N E N T OF F I N ANC I AL A C TIV ITI ES
Year •nded 30 Aprll 2022
Not05
UAreytAtt*d
Fund
2022
Unre5tActed
Fund
2021
I￿oMe and •ndow7nents from:
Donatiors and legacles
Investmegr Irleom
2&112
568
32,589
Totsl Incom¢ and endowments
28,680
32,697
expendlture on:
Chirlrablo It￿¥.￿0$
13.075
34,45$
To¢al Èxpenditure
13.075
34,458
Net (exwndlture)Ilncom• and net movement 14 funds for th• year
15,605
(1,761)
R•con¢llladon of funds
Total funds Drought forw¥d
Fund balanc• cath•d lonv¥d It 30 Aprll 1021
514,294
516,055
S29.899
514,294
All Incom• aThd expendlture darlve frorn coniinuln8 a£Vvitses.

THE MICHAEL MATTHEWS FOUNDATION
ALAN'CE SHEET
At 30 Ayll 2022
2021
2021
Curr¢nt asjtts
Cash at bank
Debrors
530.2
515,733
Ttst￿ curr•nt us•ts
531J39
515734
Uabllltl•¥:
Credltors.. Amounts falllns du• wlthln ong y••r
1,4KI
(1.40)
Net curr•nt aJs•ts
529,899
514294
514.294
Total not ass•ts
Th• funds ol th• ¢harlty.
UDf•5rrfctéd funth
529,899
514,294
Total ¢hthty fundi
529m9
514.294
Tha flnandal 5rd￿men￿ sot out on p4es 6 1¢ 10 w•r• ¥Jrov¢d by lh• Tru5u•J op FebY4+4Y
2023 ind wtre on th•lr b•half br.
zIZ-. L3
I S MAThEWS

THE MICHAEL MATTHEWS FOUNDATION
NOTES TO THE FINANCIAL ST A TEM EN'T5
Year ended 30 Aprll 2021
Accountlns Pollcle5
(4) 8aJl$ olpreparatlon aDd asse55ment ofBoID8
Th? financlal it3temtnrs have been p"ep3red In Kcord3n£e with A¢¢ounikn8 and lepOr￿rg by C4arides'. Statement of
Recommended Practyce aJplicable to charr(les pr&7ar'ng their accoJnrs In arcsrdance wbth tfr.e F Re?ordng
5un,dard applicable In tho UK aid ReoJb k 44 Irdond {FRS 1¢21 leffecri¥e I bnuary 20191- Ichariues SORP IFRS
lolll. rhe Flnanclal Re>or￿ng S￿nI&.d 3WIGitr£e In tye JK and Rewblk of Irdand IFRS 1021. the Cornpanlu Acr
2006 and the Charioe5 Ac¢ 201 l. The fir&idal s￿rtments are deTrominated Ir s￿rling 3rd roJnded to the neve5r £.
The T"U5¥ con5¢1tutés a pub Ic benefit enti? ￿ defined oy FR5 102. Assets ind I'￿11￿¢$ arE init3Jly recognlsed at
hMEorlcal c05E or trknsBttSon *dlLt unkn othcrwlse srared In rolenncaccounring pollcy nore.
The Trwttes conslder that ihEre Ire no matethl unt•rwn￿1S about th• Trust's kni lty to coidrtuo as a golng
c¢￿￿•rn.
(b) Fund accoundn8 poll
The charl7 coryri5es of z sir￿& Unres￿rted fund. Ithwtri¢ted fvnd5 grt 82nera.' fund5 thar are aya labl¢ l¢r use ir
th• Trus:e•i' dlscrE(Ion In lurth•rarKe ol th* obloc￿¥t$ cl the th•rfty.
(c) Inri)mln% rnsourc•s
Donath￿S arq reEognisqd +e Trusc has •ntitknm¢Tht to the l*com& there 1% reasonable a$suThnc• of r•cgipt and
the Bmoiint of tncorne can be measureG rgl1a￿r.
Inv•srmtrtt Incoro Is s¢at8d n tho accounts a5 the *mount roc•ivatylo.
All donauoni recel¥¢d wder the Gmt Ald stherTrp are used for thir1Ea￿• purposw iThd net to coYeT •xpens•s of
the eharlty.
(d) R¢sour¢•s expended
Lhblllr1￿ are reco8nised *% scth ax there Is • or con%t"LCtlve obl
Aadop cornm.L￿nE the Truit to tle
gxppnelwro. It Is probable tha= 5ei1len.￿nt wlll bo requlred and cl• inOLthE of the ob! galon ¢w bo measured reliably.
Donacians payablt art re<ogn'5ed W-￿ thore s a c0mryltrn￿l or when ￿dItI￿5 aLurh•d Commitments Ire
fuKilled. All exoepdiiuro15 a¢Cl%￿nitI for on an iccnnls Jas.
(e) For¢l8h ¢urrtstr)cy
Alieu and 11ablll￿O8 Ir favel￿ turren¢i*S ire ty*nslated Into stedirg ratel of exchange ruling ar the balance shoeL
dale. Tr*)sacdons ln forolgn currencles are translat￿ into $terllry at the *verè8e rate.

THE MICHAEL MATTHEWS FOUNDATION
NOTES TO THE FI NANCIAL ST A TEMENTS
Year endéd JO Aprll 2022
Incom• Irom don4tion$ and le£acl•s
Dvnatlon5 and leiacies
2022
2021
DoiiatlDnS untdo. th• Glfc Ald stttome
Other donat￿5
26.672
1.440
31.149
1,440
28.1,2
All donatlon5 Iro unresrrfcted.
Invtstmént Income
InL8"est receivable frorr. U'C depo51C account
568
108
Analys15 of t￿rI¢#ble Èxpenthture
Th* thartty w¢crt/kos its charltable attiviii￿ rhroutr. srJnt and awards gr￿n￿ ¢0 InS￿)JloO￿s In fur[hera￿C
of Its charitabl• obj•£dv•5.
Grnnt fundtd
IC￿¥0ty
Support
costs
Total
2022
Total
2021
Edu¢arl¢n
13,075
34,458
Total
11.538
13,075
34.458
Analysis of support Cosrs
2022
2021
Goveryince costs
84nk Charge
1,449
134
97
1,537
1,574
Governance cost5
Independent exarninarlon f*e5
1,449
Redplentg of Instltutional grants*
Lyra In A]￿¢*
32,884
32.8S4

THE MICHAEL MATTHEWS FOUNDATION
NOTES TO THE FI NANCIAL S-A TEMENTS
Year etided JO Aprll 2012
Dèbtors
2012
2021
A¢rrued ee?oslt InrerE5r
Accrued gift Id- w*psltt donadons
44
1,086
Current Ilabllltie*
Indepencent ￿mina¥0n
1,440
1,440
1,440
1.440
Trustees, r¢Mtsneratlon
N¢ rrustets rec*lv•d Jny rtrnuneraDon or rÈlmbursemen¢ of exponst$12021- No•e).
Employt41
The Trust dl¢J not P.*ve *ny employ•es durlng tho ytar12021- None).
Related party transadons
Durlng ¢he year. Ihe aMa￿t of dDVatiDns r•¢th¢d wthoui r•stricdofis from r•lared parL1e5 totslled £3,546
12021 £26.3871. Durlns th¢ year £1.44012021 £1.440I ol expénses were pld on beh￿1 ol rtre Foundadon by
rèldt¢d part-es.
10