CHARrrY REGISTRATION NUMBER: 1108016 Matthews Friends Charity Unaudited Financial Statements 31 March 2022
Matthews Friends Charity Financial Statements Year ended 31 March 2022 Page Trustees, annual report Independent examine¢s report to the trustees Statement of financial activrties 10 11 Statement of financial position Statement of cash flows 12 13 Notes to the financial statements 14
Matthews Friends Charity Trustees. Annual Report Year ended 31 March 2022 The Iruslees present their report and Ihe unaudrted financial statements of the charity for the year ended 31 March 2022. Roference and admlnistrativg detalls Registered charity Trame Matthews Friends Charrty Charity rggistration number 1108016 Principal office @ Young Epilepsy Sl Piers Lane Llngfield Surrey The tNstees Mt5 J Fountain Mr5 V Aldridge Mr R Aldridge Mf A Johnson Ms E Williams Independent examingr Mrs A Maguire FCA 10 Clovelly Avenue Wadingham Suffey CR6 9HZ StNcture¥ governance. and management Nature of the Governing Documerrt and c¢)nstitution of the charity Matthews Friends ts constituted urKler an original Dectarab'on ot Trust dated 25th October 2004 and supplemental deeds dated 24th NovemtEr 2¢)04 and 20U) Awil 2011. It is registered a5 a charity with the Charity Commission. The oryanssational strnclure of the GhaTity and how declsk•ns are made The board of tNstees consists of 5 indMdua15. The maximum number of Trustees can be 7. All policy decision5 are made by the E4)ard ty majorty vote. Emma Wlliams, as CEO, is resrM)nsib for the day4(hday organwtion of the charity, working ckjsely with Julie Fountain on decision making matters. In addib"on, there are sub-committees to organise and manage various events. There are regular board meeting5 throughout the year to discuss thanty matters. culminating in an AGM.
Matthews Friends Charity Trustees. Annual Report(c¢ Year ended 31 March 2022 Structhrey governan and management (cryJttnu8d) The methods adopted for the recruitinenL appointmen( induclion and training of new trustDes The appointment of TnJstee5 is govuned by the Oaration of Trust daled 25th October 2004 which established the Chattty {"the Tnjst Deed"). Subject lo the usual qualfftations regarding mental capacity and the requirement that a Trustee must act in the $t interests of the Charity al all times, the Trust Deed provides that founding Trustees shall be ellts.ed to hold office for life with all other Trustees being appointed for 4-year tern. All Trustees must be at least aged 18 and there must at all trmes be a minimum of two and a rnaximum of seven Trustees. Under the Trust Deed a Trustee may also be appointed or removed by resolution of the Twstees. Potential trustees make it known to the board Ihat they are interested in becoming a trustee, or they are approached by an existh.ng Tnjstee. - They are invited lo attend a meeting to diSS the benefits they (an bring lo the charity. - Existing trustees vote on whether the candidate i8 sullab. - If the candidate is suitable. they are offered a [X)sOn. - The candidate then decides whether they wll 2p1 the postbon. - on apted, the trustee rs given prOrml)naI literaknre aut the charity and directed to the charity webslte for further background information. - New trustees are invrted and encouraged to attend an intr(yJuctory meeting with the management to meet the team and understand the charity structure. They are eno)uraged lo ask questions and are given information at)out their obligations as trustees of the chartty. Conflict of Interest Tnjstees are required to advise the other $tee$ where they have any personal interest in any activity or transaction of the charty and exclude themsefves from any related discussions or voting. Risk Management The ttuslees have conducted a review ofthe major risks to whxth the charty is exposed. Vere appropriate, systems or Procedures have IRen established to rftits.gale the risks the charity f8¢es. External risks to funding have l)een consvjered and a Strateg plan which will allow for the diversification offunding and activities has been develoF&. Internal control risks are minimised by the implementation of pr(edureS for authorisation of all trallsactK)ns and projects. All procedures are pEnodicalty reviewed to ensure that they continue to meet the needs of the charity.
Matthews Friends Charity Trustees. Annual Report(coJthuÉdJ Year ended 31 March 2022 Objectives and activities The objectives and rnain activities of the Charity are expressed in the Tnjst Deed and are'the gener31 purposes of such charrtable bodies or for such other purposes as shall be exdusNely charitable as the Trustees may from time to lime decKIe-. 1. To publicise Ketogen Otary Theftpies and make them rmre available to all those who should need it, be it child or adull 2. Together with our medical board. give parents and pth.ents an infomd Choi about the Ketogenic Diet and to source and provide the latest informatDn available. 3. To support famil and patients through their dietsry therapy. 4. To support professionals in their alminislration of dietary therapies by way of If(erature, ketogenic starter packs and files, educational conferences and training meetings and provKle nding, where possible. 5. To support Research projects into the efficacy of these dietary treatnnts for use in Epilepsy and other conditllS, working medical professFonals to ensure our inforniats.on is safe. relevant and current 6. To support the Matthews Friends clin in providing ket(KJenic therapy for patients where there is no local service available. Public Benefft that is provided by the charity 1. To support families on medical ketogenic dtetary therap. 2. To fund professional training so that s81ed doctors, dietilians. and nurses give pats.ents the best care and experb'se. 3. To educate and raise awareness of medical ketogenic dietsry therapies to the public and medical community lo increase recOgnitn of this treaknenL 4. To fvnd research where wssible into new areas of disease for medical ketogenic therapies. S. To improve delNery and manageffEnt of wrr&liL71 ketogent therapies, through eduCn and development. 6. To fund hospstals where possible. to increase kelogenic servS throughout the UK and Ireland. Contribution of volunteer5 The charity relies on voluntsry help to host fundtaising events, conferences and information days, as well as preparing and packing infonnth.on and stsrter packs for families. Around 5 volLJnteèrs regularfy a5SlSt the charity wrth these tasks.
Matthews Friends Charity Trustees. Annual Report (conlin¢iFd) Year ended 31 March 2022 Covid-19 At the close of our financial year. we are still living wtth the impact of Covid-19. As a srnall charity we have 2dapted quickty lo this crisis and put in place measures lo ty and minimise the impact of the pandemic on our vital work. Demand for OUT SUPPOrt serv15 increased but we are fortunate to have a flexible team who can work from home where nesary. Certain cha14table activib.es which involved bringing patients and professionals together in large groups, like the 7th Global Symposium held in in October 2021 went ahead as a hybrid event COVID 19 has had a significant impact our abilty to fundraise, as m05t of our income is generated through community fijndraising and charitable events. Howevef. we have no reason trj believe that our corporate support will not continue for the fr)reseeable future. Strategic Report The followng section for achievefflents, performan and financial review fom the strategic report of the charity. Achsevements and perfornmnce Each year we review and revise accordingty all our prrnted resource5 to make sure infrjrmation is up lo date. ASI our written resources are free to Ketogenic dietary therapy centres around the world and are checked and approved by our Medical Board. The animated release of our guide '1 am going on a Kelogenic Diet, has bn very successful. having been placed on trK)th the Matthew's Friends Website and on our YouTube channel. We have also produced 4 foreign language subtiued versions which are Georgian, Romanian. Croatian. Lthuanian as well as our own English velon. We also have 14 foreign language versions of our wrptten *KkIe1, wrth rnore planned in the fvlure. These are all freely available to patients. families and profe5sK)nals who require them. Our websf(e continues to gNe invaluable information on ketogenic diets, along with our social medi2 being a source olstjpport. we have a busy FacebLx)k page, Instagram and Twitter. Our 3654ay support teEephone line and voluntary regn81 c(H)rdinators conb.nue to supp)rt individual families and health professionals. Our closed Facebcd( support forum for those families who are on medically sijpervised Ketogenic therapies continues to increase in number. The forum has proved to be a key aspect of the supFx)rt we provide, enabling families to come togethei any b.me of day or night lo discuss all aspects of managing medical ketogenic dietary therapies. During the pandemic, we also fundeif'mindfulness, courses for our families in the forum. This gave thern a safe Spa lo come together in small groups and help them to try and cope with the extra burdens and worries that the pandemic brought wfth it The Virtual Zoom 'Cuppa and Chaf Mondays evenings whKh were started during the first I(kdOwn still continue as they proved so popular with the families. These are now weekty. and we have professional guests present every so often on spth subjects for the families as well as cooking tutorials from keto chets. We conlir)ue to provide free stsrter packs to all families across the UK and Ireland regardless of which Centre they are under and in this period. we provkyed >230 of the packs, togelher with our child and adu ketogenic diet infomiation parJ(s. These packs are also provided to NHS diètit13ns, respite ¢entres. hospi$ and schools. The reci section on our website conb.nues to grow. We ntinue to post new'tried and tested, recipes, giving a comprehensive rdnge of different recipes whh be adjusted to a patienys own prescripb'on. Our Keto Cook a150 SUPPOTts those families requiring specific meals, creating bespoke lpe$ to frdmilies who are pathularty strugglin9 or who need additk)nal help in recipe adjustment5. We fund 8 muIt"_platforrn rrx)bile version of EKM, Electron Ketogenic Manager, which is extremely beneficial to Ketogenic patients. The EKM is reviewed regularfy, and updates are carried out where funds permit. A user guide has been written and printed for families and we have also prodUd and filmed 'easy to use, tutorials for the EKM platrtKm, narrated by our patron Fay Ripley.
Matthews Friends Charity Trustees. Annual Report(ciwinu8dJ Year ended 31 March 2022 Many of the meetings that are usualty attended by the charity were canlled or postponed due lo the pandemic. In June 2021 wewere virtual exhibrtors at the RCPCH virtual conferen, a thr8e-day virtual event bringing tojether the global paediatric community. We also had a virtual sEand al the Dr8vel Syndrome UK meeting in NOveMr 2021. We were pleased to attend the British Paediatnc Neurology Association IBPNAI Virtual Conferen which included a Paediatric Neurology Charities Meeting in January 2022. We 2150 SUPP)rted National Epilepsy Week in May with the #beyondcovid campaign. We were nts¢te by a rrEmber of slaff at the National Hospital for Neurology and Neurosurgery IUCLHI London. to tell us al)out the amazing Well Being Inittattve for the 54 dedicated staff working there, taking care of high-risk patients during the height of the Covid pandernic. Matthew's FrFends were delighted to SUPPOrt them. by providing some of ourcharrty promotional rtems. including our prety range of slrawbery and avocado insulated cups and notepads. Matthew's Friends run a successful 'Keto Starf awanj progtarn. this allows anyone who has gone above and beyond the nom) to be nominated. We have sent out an assortment ofcerb'ficates. keto hero t shirts. fiowers and other 'prizes' to surprise Ihose nominated, this has proven to be particularty ttneficial to the younger patr.ents who may require a little boost lo show that they are doing well, but can also be sent lo schwl staff, hospitals, parents. in fact anyone that is feft to be deserving by going that extra mile. We were so exaled to be able to organise and host on behalf of the Scientific and Organising Committees, GlobalKelo 2021, the 7th Symposium on Medical Ketogenr Dietary Therapies both face2fa¢e and virtually, held in Brighton during 19th-22nd OctotEr 2021. It was memorable for so many asons, not least being the first time we had seen colleagues and friends in person for such a long time. There were moments when the organisab.on proved very challenging as a decision had to be made as to whether we would actualty be in a rM)sition lo achieve this as a fa2fa event due lo the Covid- 19 situation. So it was wrth great relEf that we were able lo host a hybrid version. The symposium ts unique in that it brings together individuals from many dffterent disciplines. including basic scien, clinical research, and clinical practice. All wrth a shared purpose to forward the ijnderstanding of the role of KDT in the management of a variety of clini1 Condittons. This event was well attended by both face2face delegates and those attending virtualty and are aayS a great opportunity for professionals to catch up on new products and developryEnls that can be shared wrth indwiduals being supported to undertake KDT therapy. We were paSed to acmnKldaIe approximately 200 attendees in person and 400 virtually, along with various sponsors who had stands and tables al the event. We also ftjnded the poster pryze, whh was won by UCL Great Ormnd Street Instttute of Child Health(3re. Matthew's Friends hosted the symix)sium gala dinner at the Grand Hotel Brighton and we were joined by some of those who led epic fundoising events during the year, raising vitsl fijnds for Matthew's Friends to continue our work_ The Gnarrty 15 a founding Patron of the new International Neurological Ketogenic Society (INKS), acting as secfetaTtal for this society on tehalf of Matthevs Friends. INKS was fom81ty announced at the GlobalKeto Bnghton meetsng. Professor Helen Cross, the Chair of our Med1 Board, presented the Chair of INKS Trustee's Board. Di Anita Devlin. with a cheque for £25,000 from Matththvs Frnds, to kickstart their vtsion. Emma Williams also attended several rrEets"ngs for the European Referen Network ft)r Rare and Complex Epilepsies {EpiCARE) for which she is one of the leaders foi the Dietary Therapie5 work package for Europe. Emma Wlliams also serves oll the Scottish Intercollegiate Guidelines Nthoth ISIGNI as a parent Tepresentalive and part of the team reviewing the Kelogenic Dietary Therapies section for the review of the Epilepsy Guidelines_ The main guidelines have been wmpleted and the version for young people has also now been completed and all have LEen published.
Matthews Friends Charity Trustees. Annual Report IconOnu8d) Year ended 31 MarGh 2022 Our work with CoMpX Epilepsy pats.ents continues by suppo"ng both Adults and Children through our supporteof clinic, where no local ketogenic service or funding is available. We are currenty l of 4 cenlres in the county that are activety Sup[ing adult patients to be able to use ketogenic therapy to manage their drug resistant epilepsy. Matthew's Friends are funding the new transitKJn and adult r¥i in Sheffiekl which gives the surrounding pratriC services somewhere to transityon to and adutt neurologists somewhere to send their palienls who want to ty Ketogentc Therapy where medications have failed. This service will allow the Sheffield team to continue Suppting Iheir current pab'ents who are at the age of transrtion and to support new adult patient5. Matthews Friends South Afn"ca has been relaunched following on from the wondethl work that was started back in the 2000's. Matthews Friends South Afn"ca is under the watchknl eye of President Kath Megaw RD. Emma WThlliams sits on the Lancel Commission for Epilepsy as a patient representative and is working with a global team of experts in wrrting an inlematKtnal comwehensive ePepsY paper. Emma also sits on the ILAE Epilepsy Severity Scale Commission group. Training Our Ketogenic online tsjtorials for Trlea1 prDfessK)nals conts.nue to be available and are proving especially beneficial for those professionals in resource limited areas of the wodd as well as community Professionals here In the UK. We sponsored the 6th annual Ketocollege programme during May, whiGh was held as a virtual event only. 11 was with a little trepidation as this was unfortunatety postponed during 2020 due lo Covid-19 $0 we were a little unsure what the response to a virtual onty event would be but are happy to announce th81 over 500 professionals signed in over the 2 days, across 35 countries. 11 was very well received, wtth feedback suggesting that Kelogenic eLeatning should be considered in the fvlure. R8search We continue to plan wilh and support illTb"atwes from the Kelogenic Thetilians Research Neort¢ {KDRNI, as well as facilitating research through our support of the Internatsonal Neurological Ketogenic Society IINKSI and the provision of research fteIng through ourwork in hosb.ng and supporting the bi-annual series of Global SymFo5ium conferences.
Matthews Friends Charity Trustees. Annual Report (contsnuE¢l) Year ended 31 March 2022 Finaneral review The financial statements are set out on pages 12 to 22. The financial statements have been prepared implementing the Statement of recomrrended practi for Accounting and Reporting by Charities IFRS 1021 issued by the Charities Commissiorl for England and Wales. A5 Stated in the introduction lo this report, the trustees o)nsKler the financial perfonrence by the charity during the year lo have been sab'sfaclory. The principal sources of fvnding are through voluntsry donatiOll5 and this income stream continues to grow as the charity becomes MO well known. In addtb"on, income continue5 to be generated through organised fundraising events which ensures we have Slent resources to meet OLsr charitable objectives. For the year ended 31st March 2022. the charity's accounts showed net outgoing resources of £12,224 12021.. outgoing resour$ £29.2851 and charity reserves of £550,46412021.' £562,688). Policies on Reserves In accordance with Chanty Commtssic guidance, the Trust*s regularfy monitor annually review the adequacy of the charity's reserves and the reseNes wlicy. The Trustees, policy 15 to retain sufficient reserves to ensure that any operating costs are met and that committed grants can be made. The trustees have forecast the level of income for 2022123 at £150,000 gross and £110,000 nel before expenditure on charitable activrb"es_ This lakes into account the positive impact on being able lo once again hold organised events whi15t being mindful of the risk of reduced voluntsry donab.ons during the recession. The charity's reserves policy is to hold back sufficient fvnds to cover the fixed charity running costs, sa1ary1free1an costs for 12 months and any essential variable costs necessary for hèalthy growth of the charity, which equates lo £40.0[2021= £30,000). All reseNes over and above this retained arrx)unt are designated to charitsble activrties ort an annual basis. The tnjstees do not consider a reserve fund is necessary to cover the cost of event organisalion as historical charity run events have covered such costs and resulted in profit Such events would not tske pla rf a foss was anticipated. Grant Maklng Policy Once a year at the AGM, trustees decide the main focus of the charibes grant making activities for the coming year, in line with the main charity aims and obiecbves. The CEO and relevant staff then engage directly with ofgani5ations that may able to fulfil those Obl"ve$ and once satisfied, contracts are drawn up and awards are made. Requests for fvnding are also received from third partS and these are considered on a caby-case basis and approv&J subject to fvlfilling charitsble objectives and available resources. Matthew's Friends ClinKs Ltd 15 an independent limit1 company and ovmed jointty by the directors Emma Williams and Julie FourTrtain therefore any requests for grant fvnding from Matthew's Frien(Js Clinics Ltd are conshdered sotety by the 3 independent tNstees, Valerie Aldridge, Richard Aldridge and Alan Johnson. In the coming year Matthews Friends Clinics 2022r23 will be closing its clinical servi¢e and nntrating on the extenston of its educational program$.
Matthews Friends Charity Trustees, Annual Report Year ended 31 March 2022 Financial review(conbnuedJ Incoming Resources Christmas cards and merchandise were sold to raFse money to provide for our free resources. Fundraising has proven to be very difficult during this financial year, impacted by Covid-19. We are aayS extremely grateful to all those that donated during this lime through FacetJLX)k and those who managed lo fundraise by way of marathons, qutz nights and other activities that were able to go ahead once Covid restrictions has t)een lifted_ We are also grateful to have received generous grants from our long term supporters.. The Sydney and Phyllrs Goklbetg Trust and The Ellerdale TnJsL We conb.nue to raise fvnd5 through appropriate website sponsorship, through the sale oladvertisements in our newsletters and of couise by the sales of merchandise avai&ble VB our Matthew's Friends online shop. We continued with our initiatNe via knial Mediq- Sugar Free for Epilepsy in November. This generated income and understanding of Ketogenic Diets to the charitys supFKJrters. Outgolng Resources C051s have bn incurred in orderto fundraise as well as through provision oconferences and nieetings to faalitate educats.on and training in the Ketogenic Dt Expenditure has been incurred through funding of paknt treatrnent at Matthews Friends Clinics Ltd. Plans for future periods We plan lo continue fundraising next year thfough a nUrT of fundratsing and sponsorship athities. We will use fvnds raised to enable us to aChve our own chantable objectives. We plan to continue attending and speaking at C4)nfenceS in the UK and beyond for medical professionals. dieb"cians. patients and speaal interest gfOUPS. We intend to continue lo support Ketogenic Dt centres around the UK to allcyw them to support more patients on the Ketogenic Diet. We plan to continue wort(ing wtth NHS ntre$ to irFcrease their Servi by way of education, training and supporting their business plan applulions to Clinical Commissioning Group's and consider funding new kotogenic c8ntres for adults and children where approprk?te. As part of our commitment to support adult ketogenic services. we have agreed lo continLfe with the 2nd year of a 2-year dietetic fttnding grantto Sheffield Royal HallarrLshire Hospital sAdult Ketogenic Service, which commenced in April 2tr21. We continue lo be the onty UK charity 1(KJ% dedirated to rnedical Ketogentc Dietary Therapies and the supwrt of families and health rare professionals who a working WFth OT Lbsing this trealrrnt.
Matthews Friends Charity Trustees. Annual Report(continued) Year ended 31 March 2022 The trustees, annual rep(wt vrds approved on 22nd January 2023 and signed on hall of the L¥Jafd of trustees by.. o£fj£oth'/L . Mrs J Foulltain Trustee Ms E Wlliams Trustee
Matthews Friends Charity Independent Examinerfs Report to the Trustees of Matthews Friends Charity Year ended 31 March 2022 I report to the trustees on my examination ofthe financial staternents of Mathews Friends Charity ('Ihe charity'l for the year ended 31 March 2022. Responsibilities arbd basis of reprmt As the trustees of the charity you are responsible for the preparation of the financial stateEnts in accordar1 with the requirements of the Chanties Act 2011 (e ACY). I report in resrttt of my examination of the charity's financial ststements carried out under section 145 of the 2011 Act and in carrying out rny eXaMinan I have followed all the applicable Directions gwen by the Charity Commission under sect 14515}(bl of the ACL Independent examinetrs ststement Since the charity's gross income exceeded £250,000 your examiner must be a memtrr of a body listed in section 145 of the 2011 Act. I confirm Ihat l am qualified to undertake the examinab.on because l am a rnember of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies. I have completed my examinab"on. I confirm that no material matters have come to my attention in connectron with the examination grving me caLrse to believe that in any material respect." accounting records were not kept in resict of the charity a5 required by section 130 of the ACL" or the financial statements (kj not accord wrth those records." or the financial statements do not compty the appltsble requirements nrnIng the fomi and content of accounts sel out the Charities (Accounts and Reports) Regulations 2008 other than any requiren*nt that the accounts give a 1Tue and fair view which is not a matter considered as part of an independent examinab"on. I have no concerns and have come across no other matte[5 in connection with the examlnalion to which attention should be drawn in this rep)rt in order lo enable a proper understsnding of the accounts lo be reached. Mrs A Maguire FCA Independent Examiner 10 Clovelty Avenue Wartingham Surrey CR6 9HZ 10
Matthews Friends Charity Statement of Financial Acttvities Year ended 31 March 2022 2022 Unrestsicted funds Totsl funds Total funds 2021 Income and endowments Donations and legaaes Charrtable activities Other trading activities Investment incorrse 175,61 300.230 750 51 175.606 300.230 750 51 70,229 35,885 5,323 363 Total income 476.637 476.637 111,800 Expenditure Expenditure on raising fvnds". Costs of raising donatior15 and Jega Costs of other trading activities Investment management costs Expenditure on charitable activttf.es Total expenditure (5.0711 (5.071) (9,6861 19,6861 1481 1481 1474,0561 (474.0561 (488,861) 1488.861) 17,1431 113,3341 10 11.12 {120,6081 1141,0851 Net expenditure and net movement In funds {12.2241 112.224 {29,2851 R0ClI1at10n of funds Total funds brought foThvard Total funds carried 10Tr4ard 562.688 562,688 591,973 550,464 550.464 562,688 The staternent of financial activities includes all gains and losses recogntsed in the year. All income and expenditure dettve from continuing acbvrbes. The notss on pages 14 to 22 fonn part of these financtal statements. 11
Matthews Friends Charity Statement of Financial Position 31 March 2022 2022 2021 Fixed assets Tangible fixed assets 16 89 519 Current assets Debtors Cash at bank and in hand 17 39.449 589,656 526.184 560.620 629,105 Creditors: amounts falling due within one year Net current assets 18 10.245 66.936 550.375 2,169 Total assets less current Ilabilities Net assets 550,464 562,688 562,688 55OA64 Funds of the charity Unrestricted funds 550.464 562,688 Total ¢harFty funds 19 550.464 562.688 These ffnancial statements were approved by the tx)ard of trustees and authorised for issue on 22nd January 2023, and are signed LEhalf of the board by". Mrs J Fountsin Trustee Ms E Wlliams Trustee The notes on page5 q4 to 22 fonn p3rt ofthese financial statements. 12
Matthews Friends Charity Statement of Cash Flows Year ended 31 March 2022 2022 2021 Cash flows from operating actlvities Net expenditure (12,224) {29,2851 Adjuslm8nts for Depreciation of tangible fixed assets Other interest receivable and similar income Accrued lincome}lexpenses Changes in." Trade and other debtors Trade and other credtto 430 {51) 156,288) 505 13631 66,413 5,013 (403) (63,523) 123,2231 1231) 13,816 Cash generated from operations Interest received 51 363 Nel cash {used in)/from operating actNities {63,4721 14,179 Cash flows from investirlg actlvitses Purchase of tangible assets Nel cash used in investing athvities {770} 17701 Net (decreasevincrease in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year 163,472) 589,656 526.184 13,409 576.247 589,656 The notrs on pages 14 to 22 fomi part of thes• financial ststrrnents. 13
Matthews Friends Charity Notes to the Financial Statements Year endod 31 March 2022 General infomiati( The charty is a public benefit enkn.ty and a registered charity in England and Wdle5 and is unincorwfated. The address of the principal office is St Piets Lane. Lingfield, Surrey, RH7 6PW. Statement of compliance These financial statements have trEen prepared in Complian with FRS 102, 'The Financial Repotting Standard applicable in the UK and the Republic of IrelarKJ', the Statement of Recommended Practi applicable to tharitres preparing their accounts in accordan with the Financial Reporh'ng Stsndard appjuble in the UK and Republ of Ireland (FRS 1021 (Charities SORP IFRS 1021) and the Charities Act 2011. Accounting policies Basis of preparation The unaudited finanaal statements have b*n prepared on the historical cost basis. as modified by the revaluation ol certain financial assets and liabilrties and investment properties trFeasured al fair value through Inc or exFEndiEure. The unaudtted financial statements are prepared in stetlirig, whKh is the functional currer¢cy of the entity. Matthews Frie1S meets the definitron of a puNic benefft ents.ty under FRS 102. Going concern There afe no rnaterial unrtaIntS aLK)Ut the charity's abiltLy to continue. Debto Other debtors are recognised * the settlement amount due after any tra(le discount offered. Prepayments are valued at the amunt prepaid after taking accounl of any trade di5count5 due. Cash at bank and in hand Cash al bank and cash in hand includes cash and short term highly liquNJ investments with a short maturity of three TrnthS or fess from the date of wuisth.on or opening of the deposit or similar ac¢ounL Credltots and provisions Creditors and provisioll5 are rwnised where the chanty has a present obligation resulting from past event thal will probably resutt in the transfer of funds to a third paty and the amount due lo settle the obligation can be measured or th"mated reliably. Creditors and provision5 are normally reGognised at their settlerwt ar[Int after alk)wing for any trade discounts due. 14
Matthews Friends Charity Notes to the Financial Statements (c1) Year ended 31 March 2022 Debtors Other debtors are recognised at the settlement amount due after any trade discoullt offered. Prepayments are valued at the anKJunt prepaid after taknng a0Unt of any trade discounts due. Cash at bank and in hand Cash at bank and cash in hand include5 cash and short letm hhlY Iwuid investments with a short maturity of three months or less from the dale of acquisition or onIng of the dep05il or similar accounL Creditors and provisions Creditor5 and provisions are recognised where the charty has a present oblKJalion resulting from a past event that will probably result in the transfer of funds to a third paty and the amount due to settle the obligatn can fTEasured or esb'maled reliably. Credilofs armj provision5 are nomially recognised al their settlement arrK)unt after allowing for arty trade discounts due. Judgements and key sourc8s of estImalk unurtainty The preparation ofthe financial statements requires management to make judgements, estimates and assumptions that affect the amounts reed. These estimates and judgements are continually reviewed and are based on experience and other factors. including expectations of future events that are believed lo be reasonable under the arcumStans. There are no significant areas requiring material judgements. estimates or assumptions. Taxation The charrty is exempt from tax on Incon and gains to the extent that these are applied to rts charrtable obJeth"ves. Pension costs contributs.ons to defined contrtbub.on plans are recognised as an expense in the period in which the related Servi is provided. Differen5 between CntribU"0nS payable in the year and the contributions adUal pa are shown as eilher amals or prepayments on the balance sheet. Fund accounting Unrestricted fvnds are available for use at the diScretic of the trustees lo further any of the charity's purpk)ses. Designated fvnds are un$trthd fvnds earrrfjrk&J by the trustees for particular fvture project or commrtment Restricted fvnds are subjected to restrictions on theirexpendrture declared by the donoror through the terms of an appeal and fall into one of sub-classes.. restricted income funds or eadowmenl funds. 15
Matthews Friends Charity Notes to the Financial Statements (conOnu8d) Year ended 31 March 2022 Accounting pollcies Incoming resource5 Income is accounted forwhen the charFty has entrtlement to the fvnds. receipt is probable. and the amount is measurable. ere incx)me is weived in adva1 of an event rt is deferred until the charity is entitled lo the inrne. Income from donations and grants is indud&J in Incon when these are 1vable. When donors impose condiiion5. which have to be futfiited before the charity becomes enliued lo use such illcome, the incorre is deferred and not induded in income unt"1 the Pre-nditionS for use have tEen mel. Interest is included when receivable by the charty. Resource5 expended Expenditure is recognised on an arualS basis a5 a liability is incurred. Experldilure includes any VAT whh cannot be fulty recovered, and is teported as part of the endIture lo which il relates.. Costs of raising funds comprise the costs assoctaled wrth attracting donab'ons, grants and legacies 8nd the costs of trdding for fvTrdraJng purpMJses. Charitable expenditure cornprises those costs incurred by the charity in the delivery of its acth'vities and services for ils beneficiaries. It indudes tK)th u)sts that can be allocated directly to such actsvities and those costs of an indit nattEre necessary to support them. All costs are allocated betsveeTr the expendtiure egOrieS of the SOFA on a basis deSned to reflect the use of the resou. Costs relating to a particular acb.vity are allocated direclly, other5 are apportt.oned on an appropriate basis, as set out in the notes to the accounts. Tangible assets Tangible assets are inttTralty recorded at cost and 5ubsequenty ststed atcost less any accumulated depreciation and impairnient losses. Depreciation Depreciab'on is calculated so as to write off the o)st or valuation of an asse[ less its resid81 value. over the useful ecx)n0M lrfe of that asset as follows." Fixtures & Fttbngs Equipfflenl 20% straight line 50% stsaighl line Impairnient of fixed assets A review for indicalot5 of impairment is carried out at each rewrting date, wrth the recoverable amount being estifflated where such indicators exist. Where the Garrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impainnents are also reviewed for possible reversal at each repotting date. 16
Matthews Friends Charity Notes to the Financial Statements [ce Year ended 31 March 2022 For the purposes of impairrnent testing, when it is not possible to estivnate the recoverable amount of an individual asset. an estimate is made of the reCOvebIe arrKJunt of the cash4Jeneralrng unit to which the asset belongs_ The Cashenerab"ng unf( is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impaimient tesb.ng of gocXJ.1[. the g¢ill acquir&J in a business combination is, from the acquisition date. allocated to each of the cash-generatsng units that are expected to benefit from the sYnergS of the combinatson. itrespects.ve of whether other assets or liatH"Irties of the charty are assigned to those units. Financial instrnments A financial asset or a financial liability is reC3nISed onty when the charity t)ecomes a paty to the contractual prowsions of the instrument Basic financial inslnJments are inÈfialty recogntsed at the amount recewable or payable including any related transacb.on Sts. Cutrent assets and current liabilities are subsequenty measured atthe $h or otherconsideration expected to be paid or received and not drscourtted. Debt instntments are subsequentty measured at anrtised (t. t)onations and lega¢ie5 Unrestncted Total Funds Unrestricted Total Funds Funds 2022 Funds 2021 Donations Donations, Just GNing & Prrvate Fundraiseis 175,6C 175.606 70.229 70,229 Charitsble actlvities Unrestricted Total Funds Unrestricted Total FL(nds Fund5 2022 Funds 2021 Conferonce Sponsotshrp & Delegate Income Other Grants 299,930 300 299.930 300 35,885 35,885 300.230 300.230 35,885 35,885 Other trading activiiies Unrestrthd Total Funds Unresthcted Total Funds Funds 2022 Funds 2021 Fundraising Event Incorr Merchandise Income Buy At & Easy fundraising 4.530 724 69 4.530 724 69 355 395 355 395 750 750 5.323 5,323 17
Matthews Friends Charity Notes to the Financial Ststements (wthu8dJ Year ended 31 March 2022 Investment Income Unrestricted Totsl Funds unrestn.cted Totsl Funds Ftjnds 2022 Funds 2021 Bank interest receivate 51 51 363 363 Costs of raising donations and legacles Unrestricted Total Funds UrFrestricled Total Funds Funds 2022 Funds 2021 Adverttsing & Promtion Print, Postage & Ststionary Computer & Phone 2,010 1,161 1.900 2,010 1,161 3,693 1.544 1.906 3,693 1,544 1.906 5,071 5.071 7,143 7,143 Costs of other trading acti¥itses Unrestricted Total Funds UnrestTtted Total Funds Funds 2022 Funds 2021 Organised Events Costs Merchandise Costs Adn7inislralion Costs 1.417 260 8,009 1,417 260 8.009 4.021 2,210 7.103 4,021 2,210 7,103 9,686 9.686 13.334 13,334 10. Investment management costs Unrestricted Total Funds Unrestred Total Funds Funds 2022 Funds 2021 Bank Charges 48 11. Expenditure on ¢harilable activities by fund type Unrestricted Totsl Funds Unrestricted Total Funds Funds 2022 Funds 2021 Webstte & Helpline Phone Travel Costs KDRN & INKS Administration Costs Conferen5 & Meetings Chef & Recipe Funding Other Grants Made (See note Keto Starter Packs Govemance costs 7.599 1,074 13,7 7.604 383,238 2.267 49,412 6,956 2.110 7,599 1.074 13,796 7,61M 383,238 2.267 49rt12 6.956 2.110 7,624 19 7.624 19 9,400 14.016 8,090 73,348 5,993 2,118 9.400 14,016 8,090 73,348 5,993 2,118 120,608 474.056 474.066 120.608 18
Matthews Friends Charity Notes to the Financial Statements (c¢KJIve Year ended 31 March 2022 12. Expenditure on ¢harFtable actlvities by actsvity type Acbvth"es undertaken direct Support Tolal funds costs 2022 Total knnd 2021 Website & Helpline Phone Travel Costs KDRN & INKS Administration Costs Conferences & Meetings Chef & Recipe Funding Other Grants Made {See note"} Kelo Startef Packs Govemance costs 7,599 1.074 13,796 7,599 1,074 13,796 7,604 383,238 2.267 49,412 6.956 2.110 7.624 9,400 14.016 8,090 73,348 5.993 2,118 383,238 2.267 49.412 6,956 2.110 471.946 2.110 474,056 120,608 . Grant funding activrties are broken down as folkyws.. 2022 MF Clinics Ltd- Ketogenic Diet Patient Treatment Sheffiekl Teaching Hospital Dietician Funding Matthews Friend5 Nethertands 25.490 22,647 836 438 49.412 13. Net expenditure Nel expendtture is slated after ch8rg1ngllcred"ng)". 2022 2021 Depreciion of tangible fixed assets 430 505 14. Staff costs The lolal staff costs and employ tEnefts for the rertIng perrod are analysed as fDIIows.' The average head count of employees during the year was 2 12021" 11. The avèrage number of full-time equivalent employees during the year is anatysed as follows." 2022 No. 2021 Number of slaff - AAlministralive No employee received employee benefits of more than £60.01)O duting the year (2021.. Nill. 19
Matthews Friends Charity Notss to the Financial Statements ¢tTruej Year ended 31 March 2022 15. Trustee remuneration and expenses The trustee5 received no remuneration during the current or prior year. During the year, the trustees received the following re-imbursements of out-of-kX)cket expenses in relation lo travel, accomNK)dation and telephon[ntemel - Mrs Julie Fountain £24012021." £222) - Ms Emma Wlliams £1.098 {2021. £7191 Durtng the year the chanty paid £3,669 for IT selvices to Teknit2re Limited, a company incorporated in England, Wh the tnjstee Alan Johnson 15 a director and shareholder12021.' £1,447). 16. Tangible fixed assets Fixlures and fith'ngs Equipment Total Cost At 1 April 2021 and 31 March 2022 Depreciation At 1 April 2021 Charge for the year At 31 March 2022 1,028 4,745 5.773 4,360 385 5,254 430 45 939 4,745 5,684 Carrying amount At31 Mah 2022 89 89 At 31 March 2021 134 385 519 17. Debtors 2022 2021 Prepayments and accrued income other debtors 4,295 30.141 39.449 34.436 39,449 18. Creditorn: amounts falling due within one year 2022 2021 Trade creditors Accruals and deferred incorre 120 10.125 523 66,413 10,245 66,936 20-
Matthews Friends Charity Notes to the Financial Statements (continu Year ended 31 March 2022 19. Analysls of chawitable fvnds Unrestricted funds At 31 March 20 1 April 2021 Incon Eynditure General funds 562,688 476,637 (488,8611 550,464 At 31 March 20 21 1 April 2020 Inco Expenditure General funds 591.973 111,800 (141.085) 562,688 The charity had the followrng deswJnated fvnds". 2022 1ntemab.onal Neurological Keiugenic Society- INKS Ketogenic Diet Research Netsvork- KDRN 23,035 13,484 36,519 20. Anatysis of net assets between funds Unrestrtcted Total Funds Funds 2022 Tangible fixed assets Current assets Creditofs les5 than 1 year Net assets 89 560.620 110.2451 550.464 89 560,620 110.245} 550,464 Unrestricted Total Funds Funds 2021 Tangible fixed assets Current assets Creditors less than 1 year Net assets 519 629,105 (66.9361 562,688 519 629.105 166,9361 562.688 21. Anatysis of changes in net debt At At 1 Apr 2021 Cash flows 31 Mar 2022 Cash at bank and in hand 589,656 {63,4721 626.184 21
Matthews Friends Charity Notes to the Financial Statements (contintsedj Year ended 31 March 2022 22. Related parties During the year, Matththvs FrÈend5 Charity stK)nsored a number of children to commen Ketogenic Diet Therapy through Matthews Friends Clinics Ltd which is owned and controlled by Mrs Julie Fountain and Ms Emma Williams. who are also tnjslees of the charity. The amount invoiced for this service during the year was £25,490 12021-. £26.0351. In addib'on. Matthew's Friends Charity paKI amounts totalling £40.000 to Matthews Friends Clinics Ltd for global event organisalion {2021- £18.5001. During the year Matthews Friends Charity repaKI expenses of £150 to Mathews FrEnds Clinics in relation to costs incurred on the charty's behalf. {2021_' £150} During the year Matthews Friends Charity r1Ved a donation of £57.500 from Matthews Friends Clinics Ltd lo support the chanty goals of raising awareness of the Ketogenic Diet and providing patsent and professional training. {2021- £nill. During the year Matthews Friends Charrty recerved Kelogenic Cookery Services and used the facilities of maUn Benn and Benn Bros who are related lo the tNstee Mrs Julie Foijntsin. The total invoiced ft)r these seN1$ during the year was £4.03312021'. £7,364). No further transath'ons with related parties were undertaken such as are qUIred lo be disdosed under the provisions of FRS 102 Section 1A The Financial Rewrting Standard applicable in the UK and the Republic of Ireland..