THE MICHAEL MArrHEWS FOUNDATION REPORT AND ACCOUNTS YEAR ENDED 30 APRIL 2023
THE MICHAEL MATTHEWS FOUNDATION INDEX Year ended 30 12015 Report ofthe Tnjstees In¢kpon(knt éxwnlnerf report Sfatement of fin3nchl athkle$ •ne• theet Notesto the flrwKW stat¢m¢nts
THE MICHAEL MArrHEWS FOUNDATION EPOR T OF THE TRUSTEES Year •nd•d 30 Aprll 2023 The Trustee$ presen¢ thelr anTrual report and accoun¢s of the charfty for the year ended 30 4vril 2023. The finanoal statements have been prepared In attordante with the accounting pgllde5 ser out In note l of the fiTrana statement5 and the Accounting and Reportlng by Charltles: Statement of Recommended Pracdce appll¢able to charities preparing their accounts in xcordance with the Fjnancial Rworting Stsndard appllcable in the UK and Republic of Ireknd (FRS 1021 leffectye l January 2019). Strurturei govornance and managemert The TNst Is an un1nrp¢rat¢d tharity. ¢onstnJEttd und•r a Trust Deed thtsd 8 February 2000 and b a reg15¢ered charity, number 107995& The P¢)wer to appoint new Tru5tee5 ve5¢¢d in the extIng TrusLees. Responslblly for the induction of any new Trus¢ee. vthich Invofves awareness of the hSstory and approa¢h of the and an undersraThding of a Tnjstees duty. Ile5 Tr•Ath the Trustee5. A new Tru5¢ee would rKeiYe coples of the prevlous yearfs accounts. Objectives and actlvkl•s The objects of the Trust as Ven In the Trust Deed are for tht furthtran¢¢ and pur5uwKe of charthle purpose& The ob¢tives of the charity are met by mthng charftsble 8rants. The tharity ha% a focus on ProdIng grnnts to improve the lives of children In hhtry deprived area& During the year rdnts were made totallin8 £116250 P022- £11,538). The Foundatlon works Sn Conlunctlon Lyrd in AfrlEa (UK ch¥rity- 1146496) wh a branch based In Tanzani Gmt applications are reviewed by the Trustees and gra[ ar• madé at the Tslee$, dI5¢10n. The Trurt Deed ernpowers the TnJstee5 to ieSt at their absolute discretion. The Trust. havlng rerdrd to the Public benefitguldance publlshed by the Chatity Comms1On In COrdance seccion 17 of the Charr£ies A¢¢ 2011. conslder that the purp)se and attiTrites of the charity satisfy the requirements for the publlc benefft tes¢ srf ¢)u¢ In se¢¢ion 4 of thE 5arr a A¢hlevements and performance The CPAdty's ¢Jperating costs continue to be met by members of the Matthews famlly and the 5etdBment of thpse psts pn the ChariWs beha have been treated a5 '0ther donations, (see note 2, pw 9} in the account& As a resulL IfJ)% of the donation$ Iwluding the aforementloned 'other donations,) can be used to ddiver benefrt to those whom the Charty supports. Grants eontinuE to be rnad8 where the Trustees feel that the swdent5 will experfence Ilfe transformin¥ beneffts of eduration In Tanzani4 in conjunctbn wkh Lyra in Africa- a UK regl$tered charlty. Thr1 the contlnued support from the Mlchael Matthews Fwndatlon (MMF), Lyra In hfjrka implemented three pr0mmatIC areas In Tan2anla duringthe 2023 ffinan¢ll year. Spon50ring 90 ultra poor ru wr1$ to contlnue with thelr secondary educatlon lrnplemendng the youth entrepreneurshlp FYo8fdTrk Boostlng Youth Buslnes5es to S¢ale in rural Tanzan Impltrnentingthe first sdar powered Computer Trab at LUTra Seconthry School. revolutionising th? ablllty of students to study Boortlng youth bu%lnosès to Kale In rural Tanzanla In Collaboratic with MMF, Lyrd has bBen able to upgrade and deepen the youth entrepreneurship pr0M "IrTharika Kijana" in 2023 that $ttrted as a MMF pilot in 2018. The core of Lyt2's entyreneur5hp pro8ram 15 to "avr4keTh" rurnl youth to see opportun0e5 In theirlgcal communitsu, and to come up wlth bU#t$S ideas through bpot-5trapp5n¥ so that even those thout apl¢al can bulld sutcessfvl bu55ne5ses from sctitch. This Buskne$s Boort program took recendy adUated ents*preneurs from the pFMse I proTdm, and Inletted fUrthertl¢red supp¢)rt
THE MICHAEL MATTHEWS FOUNDATION R EPOR T OF TH E TRUSTEES (cont) Year ended 30 Aprll 2023 with the of grong their micrfrbu5ine5se5 into sustainable and Cornme1 v13ble bUnSe5. a resuk of thi5 Qne-year program. the followlng results have been Khleved 24S youth entreprenwrn recelved at least ts¥o comprehen$lve lInesS Boost trnIng. As a resu of thL8 prohe¢¢ improved buslne55 5ki115 across the group of yputh entrepreneur5 far surpa5s¢d the 40% target 209 of the youth entrepreneurs were pwred vrith a lod business mentor. surpa55ing the target 15 of the most prom15ing entrepreneurs were chosen to tske part In ad¢Jtlonal trnining 5e55ions at a 3- Boo¢ Camp. to further ini¢rt supportto their businesses. 245 youth entr¢PneUrl rVed ¢PrehenSIVe lt media trwning fJcilitated by t)¥itst Opportunity Trust Tan7anla IDOT) to build t dItal presence for thelr buslness. 92% of the busineues reported an increase in their monthty income. Girls Sponsovshlp MMF continues to spon50r marginali5ed and disa(fvan12ged &rls from ultraoor background5 to continve their Secondary education. 90 ukra.poor git45 were sponsored by MMF during 2023. These 90 girls were split icross the Lyn partner schools, Ineluding Nyang'oro, Mlowa, Maz¢mb& Lulanzl. Ilambllole. W, a¢)d Lundamatwe. The selecr(on of these followed the enhanced 5electlon pmcess put In place by Lyra in 2021 en5urin8 Intreased transparency and full invohment of key loc Stakeholders In the 5electlon proce55. By the end 012023, 89 of the mMSponsOred remned ifi the hostels. We are de1hted that all 89 MMF-5ponsored are now actively engaged in the Lyra-run ICT clubs. They $0 1 took part in the Lyra twn Merbstrual Heath Manwent {MHMI Trrining and Adc4escent Sex1 and Reprodurtive Hwdlth ISRH) trrining rolled out in Ottober 2023 to Lyra partn•r schooL%. Follon¥ thq trwning, all MMF- sponsored 8lrls recefved reusable sanltary pth, whlch $pOrt thelr health, WelbeIn& wJ unlnterrupt¢d education. Three MMF-5pon50red 81rfs from l(wad Ilambilole. and Luknzl P¥tycipated In the MMF Tethday event held in Marth 2023 and were part of the students, teams pitthing their digital innoYdtion5. We continue to see the Impart of MMF spon50rshlp OTr tomplete their lowtr se(Cdary education 10- levels). I I MMF-5PC4b50red Or15 coryleted thdr Ordlnary Level educatson In 2023. We rerr4in optimtsuc about their upcoming results vthich will be received In eady 2024. Solv power4d <omput8r lab at Lulanzl Sgrondary School Through fijnding fr¢)m MMF. the ffirat solar systern was installed In Lulanzi Secefjdary School, tfdnsformlng students and teachers. learning experlence. Lyra hid previousty inttled a small computer lab in Lulanzl In October 2019 I I refijrblshed computers. However. wlth over rtudents In the school. the raflo of I computer to 44 students meant tlRt the lab wa5 not able to meet the demand Lulanzl was chosen as the ideal locadon to eypand thè computer lab and InlJat¢ the tran$itl¢)n to a solar-powered facllity. This decisKJn made wlth the ?irn of addressing the Issue5 of sUfficIent computer availability the ¢haUenges posed by Irre¥ular power $pty to the s¢hopl. The expanded computer lab, run by solar ptswer has SI1¢ty enhanted teachers and Students, acce55 to diytaj resource5 and edutational opportunities. The solar powered diOtal lab now conslsts of 31 computers and the solar system consists of 9 solar panels, 5 permanent batteries and one Inverter, ¢urrendy generatyng an avery of 490S kilowatts of electricw per day. The Introduction of the soTrar sy5tern has been transfonrAtional for Lulanzl schoe4. Outslde of the ralny seaspn. the 50hr 5y5tem Is prpduclng more Qlettrkty than the sthool needs to power the computer I
THE MICHAEL MAThHEWS FQUNDATION Y••r •nd•d 30 Aprll 2023 classrooms. and teather5' offKÈ5. Solar 8enerdtion ha5 dipped durln¥ the rainy season, leading to the school having to utilize power from the national grid during these week5. The sthool now has an expanded ct)mputw lab Installed wlth 31 ¢orrput offllne educathn rnateria15 pre-uploaded. In the first 10 months of thts projec¢ there were 5917 to ttr offllne system and consldertd a sI11r1cant achievemen ICT $klll$ and confidence 1$ rIng amongst the students. Befor¢ a dlgtsl program we ask i selec¢lon of stydents to rate their dka1 ¢onl)dence. anJ sknlis on a scale of 1-10 (with l O bein8 the hi8hestl. The aver4t score hostel Dve for tJIgl confldence and $kllls Increed from 8.2 - 9.4. non-h0$1 8irl$ from 7.6- 8.9 and boys 7.7- 9h. A tottl of 28 ICT dubs In LuPanzi have been run since the Thded corry>uter lab vns SItrI1ed. The toplcs In the Icr clubs eover everythlng from compu¢er baslcs, such as how to use a computer 2nd nMn8ge fil how to iThtwate ICT and learning through learning apps like Efimika App (Shule DSre¢t) to codSn& MMF Txh day 2023 was a great success brinwn8 a total of 82 students and 14 teathers together to showcase dltsal skllls and Soluuons. FInla1 review The Trustees approved charftable expendlcure In the perltsd of £111199 (2022 - £13,075) and 8en¢rated a rbet defick for the p•iod of £71,93912022- surplus of £15.605), after 1¢Y1n8 for doThatlons and Investment intome. At tho year end the tharlty held net Sets of £457,960 P022 - É529B99). The reserves of the charity consist of unrestrithd funds of £457,96012022 - £529,899). The TrustèÈs rÈt&n a suffititnt tI of free reserves to cover any expendiLure which may become necessary and to wve the charSty filbIlIty In catyng out oblectw. Reference and thlnlstratlve d¢tall$ ReOs¢erd Charlty number.. 1079956 Trustees who servéd Sn tht year wert.. I S Matthews S G Mitthew5 A knlkenny OBE Prinupal offKe: 6 Derby Strett LdOn WII 7AD Bankers.. HSBC Bank pk 69 P1 Mall L¢dOn. SWIY SEY Indewdent examiner. Suzanne Rose ACA CTA Dixon Wilson 22 Chancery Lane Lxdon wc ILS Approved by the Trustees on 21kn loZ4 and Sied on their bohalP. J S MAThHEWS TnJ$tee
THE MICHAEL MAThHEWS FIXINDATIQN INDEPENDENT EXAMINERS. REPORT Yw ended 30 April 2023 INDEPENDENT EXAMINERV REPORT TO THE TRUSTEES OF THE MICHAEL MAThHEWS FOUNDATION I report to the Trustse¥ on my wffllnatron of the accounts of the Trust for the Jpar ended 30 Aprll 2023. Respon51blllties and basis of report As the charfty Tnjstees of the TnK%t you are responsible for th• pr•pardtion of the accounts in affordCe the requirements of the Charities Act 2011 ('the Adl. You are satisfied that an audlt is not requlred for this year undBr ¢lBrity law and an In&Pdent &Y?na0n is needed. I report In respett of my examinatkin of the Trusvs accounts Carr out under sectk)n 145 of the 2011 Act and In carrylng out my examlnation I IHve folbwed all the ¥pllable Dlredons g1 by the Ch¥ity Cpmm155bn under settion 145{5)(b) of the ACL An Independent examlnadon does not Involve gatherlng all the evldente that would be required in an aud and consequently does not cover 1 the matters than an audltor conslders In *vln8 thelr oplThion on tho accounts. The planning and conduct of an aud1¢ goes beyryO the Ilmlted assurnnce that an Independent examinatioTh can provide. Consequently, l expre55 no opiThioTh as to Yhthr the accounts present a 'true and fail View and rny rqport 15 Ilmleed to th¢)se specffic matters 5tt out in the independent examlnerfs statemenL Independent •xwnln•rfs %tat•mtnt l am qualified to underrake th¢ examlnaelon by belng a qlIfied member of the Institute of Chv¢ered A¢untants in Enland and Wale I have completed my examination. I ronfirrn that no materlal m?tter5 have come to my attentlon kn connection the examknation me cause to believe that in any materlal respect ccountlng records were not kept in respect ofthe Trusr al requed by >ectbn 130 ofthe or L the accounts do not accord with those record5. or 3. the aCcOur do not ¢Dmply the appliEable requlrements concernlng the forni and contènt of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts glve a true and fdlr vleW whith is not a nHtter ¢¢Yldered part of an Ind4)endent èxamlnatron. 4. the accounts have not been prydred In accordance v+lth the method5 and princlplu of the Statemert of Reconynended Pt7ct5ce for cOuntIng and repordng by charfdes appllcable to charities prepthng thelr accounts in iccorthnce wrth the nanCI Reporting Standard ¥plicable in the UK and Republlc of Ireland IFRS 102). I ha np concern5 and have ccffle aLr053 mat¢ers In c¢)nnectkn wth the examlnatl¢)n to whlch attentlon Should be drawn thls report In order ¢0 enable a proper undor5randing of the accounts to be reached. S ROSE ACA CTA Dixon Wilson 22 Chancery Lane LcffjdoTh WC2A I LS 28 Fèbruary 2024
THE MICHAEL MATfHEWS FOUNDATION ST A T EM ENT O F FI NANC IAL ACTIVITI ES Year ded 30 Aprll 2023 Notss Fund 2023 Fund 2022 Incomè and •ndowmtnts fron D¢natlons and legdcle5 36.620 24112 568 Total incoTh and endowments 46260 2&680 Expendlture on: Charitable attbvities 118.199 13.07S Totsl expendltuye 118.199 13,075 Net (expendlture)Ilncome and net moVent In fwbth for the year (71.939) 15.005 R¢conclll*tlon of fund# Tptal knnd5 brou8htforward Fund ban¢• ¢wYi•d for¥Mrd It 30 April 2023 529.899 514.294 457.%0 529.899 I Income and expendltsjre derfve from contlnvlng advltlè
THE MICHAEL MATTHEWS FOVNDATION BALANCE SHEET At 30 April 2023 2023 2022 Current •ss•ts Cash at bank Deb¢ors 456,960 530.209 1.130 459.760 531,339 Llabllltlw: Credltors: Amounts lg due Wthln oThe ye¥ I1,8C} (1,440) 529.899 529,899 457.960 457,960 The funds ofth¢ <h4rlty. Unrestrftted fund5 457,960 457,960 529,899 529,899 Totsl ¢hity funth ThB financial statements set out on pages 6 tg 10 were approved by the Trus¢ees on 2? febvvth 2024 and were si8rRd en thelr behaK br. J S MAThHEWS Trurtee
THE MICHAEL MATTHEWS FOUNDATION NOTES TO THE FINANCIAL ST A TEMENTS Year ended 30 Aprll 2023 l. Accounting Polldes (a) B$ of rn•rntlw and a>sessment o18oin8 concern The flr4[al s¢atements Pove be prepared in acw-dance hth ACcwntlr and Reporring by Chwities: Stsremen¢ of Recorrmended Practke app1Kae to charl$ preparlng thelr a¢¢ounty kn accordance wth the Reporting Stsndard aptAlcable In the UK and Republlc of Ireland (FRS 102) leffecrfve l Janry 2019) - (Charkles SORP (FRS 1021), the R¢portlng Stand¥d aFfj>IKabl¢ In the UK and Replknlir of Ird#nd (FRS 102), the CornpanR5 Acr 2& antj the Ch3riti&5 Att 2011. The Pn¢1 altents are denominatJ kn steIng and rLxJnded to the rThre5t £. The Trus¢ wnsdtsjtes a publ1¢ benefit entY defined by FRS 102. hjsets and Ilabllkne$ are Inlthlty recogned at histo cost or transatti¢)n yUt unless othernvtse stated kn the rdeydnt acctyJnfiI pollcy note. The Tru5tee5 conslder tkn thEre are no material certne5 abo the abllty to c£¥rtlnuè as t golng conrn. (b> Fund Accountin¥ pollcy The tharlty comytses of a sinle wres¢ricted fund Unrestrlttd knds are lera1 fuThl$ that arn awdllable for us• at the Trurtees, dwetipn in fijrtheranre ofthE oLiectiYe5 dthe tharity. (c) Incomin8 vesoiw t)orAtfjons are reco8nL%ed when tl Trust has entidemert to the incom< there 15 reasuhthle &8suTrnc¢ of recei ar the amount of kncorne can be measured rellably. Invesunent Income is $ta¢ed in the accounts as the amount rnceivabl& JI donatbns recd¥ed under the Gift Aid ¥themE are used for tharitsbk purpow not to cov•r •xptn1•5 of the charlty. (d) Rwources expended LRbilrae5 are rEcosrth5ed as %)on a5 there 1$ a legal or con$trucuYe cl>llgatyon comrnittlng the Trt to thè expen¢ure, It 1$ probable that srfrlement I11 b r¢qulrJ and the amtyjnt dthe obllgalon ¢&n be m¢asured reli*. DonatiOll5 paydbk are recognised when there Is a commitment or when CldOn$ attached comn¢ments are fUlled. All expendre ts attourted for cn w accrn$ ba515.
MICHAEL MATTHEWS FOUNDATION NOTES TO THE FINANCIAL ST ATEMENTS Year •nded 30 April 2023 Income from donAtlon$ and legacles Donation$ nd It8aci•s 2023 2022 D<¥)otlons under the Glft Ad sd)eme Orher don3tyons 35,1 26,672 1,440 24112 36.620 JI donadons are unrestrfrtad. Investment Income Interert recewable from UK deposi¢ account 568 Analysis of tharitable expenditur• The charity undenakes its charitable ac¢Nitie5 throuth gr4nt rryaking aThd awards grants to writiipons in furtherdnce of its charltable ¢IVe$. Grwrt fvnded activity Support Totsl 2022 2023 Edwauon 116,250 116,250 1.949 11&199 13,075 13.075 Total 1.949 118,199 Ansii of 5UPPOrt costs 2023 2022 G¢)Yvnance costs Bank ¢h3rges 1,800 149 1,440 97 1,949 lJ37 Gov•rnanc• costs Independent examination fee 1000 1.440 knclplénts of Instltutlonzl grants: In Afrka 116.250 11538 116,250 11.538
THE MICHAEL MATTHEWS FOUNDATION NOTES TO THE FINANCIAL ST ATEMENTS Year ended 30 APFII 2023 Debtors 2023 2022 A¢crued deposlt Int&t Accrued grft d- websit¢ donation5 Graits receivable 238 1,244 18fy) 1,130 Curr•nt Ilabilities Independent eXamIOn lee 1,8rxi 1,440 1,8ty) TNrtees' remunwatlon No tyustees received any remuneration or reimbur¥ement of expenses {2022- N¢t). Employ••s The Trwt did not have any employe85 dur the year12022- None). Atlat pvty transactlons Dsjrlng the yvdr. the amount of donaon$ re*lved wl¢hout r¢strlctton$ from related partles totalled £1,078 (2022 - £3.5461. rIng the year £1,80012022 - £1.440) of expemse$ were pald on behav of the Foundatlon by retsted