Charity No 1100164 THE DON MCMATH FOUNDATION (UK FUNDRAISING) STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31 MAY 2025 THE DON MCMATH FOU￿DATIoN (UK FUNDRAISING) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MAY 2025 Page I Governing Document The Charity is constituted by the Declaration of Trust dated 3 May 2003 as amended by the supplemental Deed dated 25 September 2003. The Charity was fom]ed to raise funds and sponsorship for the advancement of the education of Ghildren in The Gambia of infant and prinwy school age and the advancement of adult education and literacy in The Gambia. Trustees The Trustees for the year were: Anne Mcmath Paul Mcmath Judy Mcmath Shelley Grierson Michael Mcmath Grabam Cook Nick Marshall Sarah Mcmath Achievements The school in The Gambia opened 6 January 2003 with a class of 30 children. Fundraising enabled the Charity to build three separate classroom blocks and a hall. The total cost of the four buidings was £101,313 and enables us to offer fr¢¢ education to children from 5-16 years. We also pay fees for 3 years for any of our S￿dents who obtain a place at Senior School. This year we have received a few donations that are to be used to help any of our students who managed to get a place at University. We helped 18 student with fees of £5720. approx. We have continued our maintainence programm¥ of the buildings. This year we have replaced the front of Upper Basic roof which was leaking badly. We have started to replace some of the electrics which are over 20 years old. We are continuing to replace windows with laminated glass as a safty n]easure which is expensive We are gradualEy replacing text books that are over 4 years old Financial Review During the year ended 31 May 2025. sponsorship raised £33091 (2024.. £33535), We received in donation this year £2237 which meant that our donations, fun(traising and gift aid provided another £14875. {2024 ..£17405) We transferred £46248 to The Gambia and sp¢nt £238 for goods shipped out to the school. The direct expenses and overheads of running the school came to £46248 (20243.. £50311). this included 46 pupils we have sponsored this year at Senior Secondary School and 18 at Universit) Public Benefit The Trust¢es have had regard to the Charity Commission guidance on public benefit. The Trustees belicve that the advancement of education in The Gambia 18 a clear public benefit. THE DON MCMATH FOUNDATION (UK FUNDRAISING) TRUSTEES, REPORT (continued) FOR THE YEAR EINDED 31 MAY 2025 Page 2 Reserves Policy The Tnlstees have examined the Charity's r¢quirem¢nts for reserves in light of the main risks to the organisation. It has e.%tsblished a policy whereby the unrestricted funds held by the Charity should be six months of the total expenditure on school running costs which is approximately £25000. Plans for Future Periods From September 2025 the number of children on the register will be 360. This does not include pupils who have done well in this yeafs Grade 9 National Exams who we will continue to fund at Senior Secondary school for three years. At present we are also funding 46 such pupils. W¢ are planning to continue to renewing old text books and buy additional resourses. We are also continuing tnajor maintenaThce work on the buildings. We are continuing with OUT University programme and will be sponsoring at least 2 new students at University this coming year. The ch￿lty is actively seeking further sponsorship and donations which will enable the school to continue educating pupils to Senior Level and for continuing the tnaintainence of the buildings . The Trustees declare that they have approved the Trustees, Report. SI￿ed.. Sarah Mcmath - Trustee THE DON MCMATH FOUNDATION (UK FUNDRAKSING) PROFIT AI¥D LOSS ACCOUNT FOR THE YEAR ENDED 31 MAY 2025 Page 3 Note 2025 2024 Incoming Resources Voluntary Income Activities for Generating Funds Investment Income Total InLoming Resources 47966.06 50895.78 43.73 526.01 £ 51465.52 620.25 £ 48586.31 Resources E￿ellded Fundraising Costs Charitable Expendltl￿e Governance Costs Total Resources Expended 46601.06 584.66 £ 47185.72 51068.43 2800.89 £ 53869.32 Net Incoming Resources Total Fiinds brought fonvard Total Fiinds carried forward 1400.59 43010.72 £ 44411.31 (2403.80) 45414.52 £ 43010.72 All funds are unrestricted and there are no endowment funds. THE DON MCMATH FOUNDATION IUK FUNDRAISING) BALANCE SHEET AS AT 31 MAY 2025 Page 4 2025 2024 CURRENT ASSETS Gift Aid Debtor Barclays Savinss Account Barclays Current Account Barclays University Fund Account Prepayment 308.00 38013.36 5200.07 11386.66 2520.70 57428.79 1864.00 39481.66 7269.41 3152.66 2768.52 54536.25 CURRENT LIABILITIES Creditors Sponsorship paid in advance University fund prepaid 8.78 3325.00 9683.70 13017.48 1410.00 10115.53 11525.53 NET ASSETS £ 44411.31 £ 430IO.72 Represented by: Unrestricted Funds £ 44411.31 £ 430IO.72 Signcd.. P Mcmath - Chairn]an THE DON MeTrL4TH FOUNDATION (UK FUNDRAtSING) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MAY 2025 Page 5 A. Accoullting Policles The principal accounting policies are sumjnarised below. The accounting policies have been applied consistently throughout the year and in the preceding year. (a) Basls of accounting The financial statements are prepared under the historical cost conveDtion in accordance with applicable accounting standards, the Stat¢m¢nt of Recommended Practice: Accounting and Reporting by Charities issued in March 2005 and the Charities Act 2011. (b) Incoming resources All incomillg resources are included in the statement of f￿anCIal activities when the Charity is entitled to the income and the amount can be quantified with r¢asonablc 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. Donated services and facilities are included at the value to the Charity where this can be quantifled. The value of services provided by volunteers has not been included iti these accounts. Investment income is included when receivable. (c) Resources Expended Expenditure is reCo￿lS¢d on an accrual basis as a liability is inCu￿¢d. Expenditure includes any VAT which cannot be fully recoverel and is reported as part of the expenditure to wbich it Telates.. Costs of genernting funds comprise the costs associated with attracting voluntary income. Charitable expenditure comprises those costs incurred by the Chaiity in the delivery of its activities and services for it5 beneficiaries. It includes both costs that call k allocated directly to such activities and those costs of an tndirect natL￿e necessary to support them. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the Charity. All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. All costs are allocated directly. THE DON MeK4TH FOUNDATION (UK FUNDRAISING) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 MAY 2025 Page 6 2025 2024 2. Voluntary Income Sponsorship Donations Gift Aid Tax 33091.48 8910.43 5964.15 47966.06 33534.80 11299.85 6061.13 £ 50895.78 3. Activitics for Generating Funds Fundraising 43.73 4. Investment Income Interest received 620.25 526.01 S. Charitable Expenditure Transferred to The Gambia Goods for School Shipping Costs 46247.82 238.24 115.00 46601.06 50311.06 431.38 325.99 £ 51068.43 6. Governance Costs Office Expenses Website and programme costs Bank Charges Accountancy Miscellaneous Expenses 51.69 21.49 2225.00 189.00 300.00 65.40 £ 2800.89 147.00 336.00 49.97 584.66 7. Staff Costs No remuneration was paid to Trustees in the year nor were any Tn￿tte8, expenses reimbursed. THEI DON MCMATH FOUNDATION (UK FUNDRAISING) NOTES TO THE ACCOUNTS {¢ontinued) FOR THE YEAR ENDED 31 MAY 2025 Page 7 8. Transfer to The Gambla The Charity regularly transfers funds to The Garnbia to pay for education of the children and maintenance of the school. The recipient of the transferred funds is The Don Mcmath Foundation which is incotporated as a charitable company in The Ganthia. The accounts for The Gambia show the transfers from the UK as being spent as follows: 2025 939 34238 1986 3094 2024 1169 37093 1663 3875 School equipment and text books Teachers, salwies and other school costs School overheads, rent, electricity, repairs, etc Maintenance and sundries Shipping cost Hardship fund University fund Total 271 5720 46248 416 6095 50311 9. Cifts in Kind Gifts in kind illcRude secondhand books, computer equipment and writing materials, all for the use of the Charity. The value of these items is not material and not included in the financial staten]ents. IIYDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE DON MCMATH FOUI%DATION (UK FUND1141SING) Appendix I report to the charities tNsl¢es on my examination of the accounts of the Trust for the year ended 31 May 2025. which are set out on pages 3 to 7. Responsibilities and basls of report As the charitys trustees you are responsible for the preparation of the acLounts in accordance with th¢ requirements of the Charities Act 2011 ('the Act) I report in respect of my examination of the clMrit5ls accounls ¢arried out under section 145 of the Act and ill carrying out my exaMI￿Li0n I have followed all the appltcable Directions given by the Charity Comrnission under section 145(5)(b) of the Act. Independent Examln¢r's Statement I have completed my examination. I can confirni that no material matters have come to my attention in connection with the examination giving me cause to belive that in any material respect: accounting rccords were not kept in respect of the charity as required by section 130 of the Act. o the accounts do not &ccord with those records. or 3. tiie accounts do not comply with the applicable requirements concerning the fonn and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper und¢rstanding of the accounts to be reached. Debbie HargT¢aves FCA Acuity Protessional Partnership LLP Unit 2.02 High Weald House Glover8 End Bexhill East Sussex TN39 SES Dat¢: 2211212025