2023-03-31-accounts

CHARITY REGISTRATION NUMBER: 1108016 Matthews Friends Charity Unaudited Financial Statements 31 March 2023

Matthews Friends Charity Financlal Statements Year endod 31 March 2023 Page Trustees, annual report Independent examinerfs report to the trustees Statement of financial activities 10 Statement of financial position 11 Statement of cash flows 12 Notes to the financial ststements 13

Matthews Friends Charity Trustees. Annual Report Year ended 31 March 2023 The trustees present their report and the unaudited financial statements ofthe charity forthe year ended 31 March 2023. Reference and admln18tratlvo dotall8 Reglst•red charlty nam• Matthews Friends Charity Charity regi¥trntlon number 1108016 Prlnclpal offlce Young Epilepsy St Piers Lan8 Lingfield Surrey Th• tru$l•o• Ms E V￿lliaMS Mrs J Fountsin Mrs VAdndge Mr R Aldridge Mr A John80n {Retsred 31 Juty 20231 (Rets'red 29 March 20231 Indep•nd•nt examlnor Mrs A Maguirn FCA 10 Clovdty Avenu8 Wadingham Surrey CR6 9HZ

Matthews Frlends Charity Trustees. Annual Reportlcondnuod) Y•ar endgd 31 March 2023 Slructuro, governance and m•nagement Nature of the Govoming Do¢ument and con•litution of the charity Matthews Friends is constituted under an original Deckgration of Trust dated 25th Oclobor 2004 and supplemental deed5 dated 24th November 2004 and 20th April 2011. 11 is registered as a Charity with the Charity Commission. Post year end, the trustees approved an addibonal supfvntsl trust deed dated 31 May 2023. This deed consolidated the Original and eaflier supplementsl deed$ but also amended to objectives of the charity lo reflect the wider applicats.on of the Ketogenr Diet to all people with known Complex and inlrac18ble epilepsy and the specific nourometabolic disorder GLUT1 def￿'encY syndrome. As this change Included an amendment to the stated obj'ectives of the charity, pnor permission for the change was sought from the Charity Commission and this was received on 19 May 2023. Th• oryanlatlonal 8tructurn of th• ¢hartty and how decl8lon¥ •ro made The board of trustees consisted of 4 indNiduals at 31st March 2023. Post year end. 1 trustee r88igned leaving 3 trusloes on the board. The minimum number of trustees is 3 and the maximum number of trustees can bo 7. All policy deci$lon8 are mado by the Board by majority votè. During the current year, Emma IW4111iams as CEO was ￿9[￿51b￿ for the day to day organisation ol the chanty, working closety with Julie Fountain on dedslon making matters. In addition, there are 8ub-commrttees to organise and manage various events. There are regular l>oard meetings throughout th8 year to discuss chanty matters, ￿lminaU.n9 in an AGM.

Matthews Friends Charity Trustees. Annual Report (cojrflnuedj Year ended 31 March 2023 Structure. govemance and management {¢on*J The methods adoptgd for the rnGwltsnen( appolntmon( Inductlon and tralnlng of now tN$t••• The appointment of Trustees is govemed by the Declaration of TTUSt dated 25th October 2004 which e$tablished thè Charity (Ihe Tnjst Deed") and subsequent supplementsl deeds. Subject lo the usual qualifications regarding mental capacity and the requI￿ry￿nt that a Tnjstee musl act in the best interests of the Charity at all times. the Tfust Deed provide5 that founding Trustees shall be entitled to hold office for life with all othef Tnjstees being appointed for 4-year tern￿. Al Trustees must be at al least aged 18 and there must at all times b8 a minimum of seven Trustees. Under the Trust Deed a Trustee May also be appointed or removed by r8501ubon of the Trustees. Potential trustees make it knovffl to the board that they are Interested in be￿MIng a twstee. or they are 8pproathed by an existing Trustee. - They are invited to attend a meebng to discuss the beneffts they can bring to the Cha￿ty. - Existlng trustees vote on whether the rAnd￿ate is 8Uitabl8. - If the candidate 1$ Suita￿8. they are offered a posthon. - The c8ndidate then decKJes whether they will 8ccept the position. - Once accepted, the trusteè is given promolKinal lrterature al)out the d￿rity and directed to the charity websrte for further background inf0m￿￿On. New trustees are invrted and encouraged to attend an introductory meets'ng with the management to meet the team and understsnd the charity structure. They are eno)uraged to ask questions and are given Information about their obligations as truste8s of the ¢h8rity. Confll¢t of Intgro•t TN$tees ore required lo advige the other trustees where they have any personal int8r68t In any activity or Iran$a¢tion of the charity and exclude themsefves from any related discussions or voting. R18k Manag•mont The trustees have conducted a of the major r￿kS to whth the chanty is exposed. ¢r¢ appropriate, systems or prctedures have been eSt8￿1shed to mrtlgate the nsks the charity facos. External risks to funding have been consKlered and a strategic plan which will allow for the diversifi¢alion of fvnding and aclivibes has been developed. Intemal control risk8 are minimised by the IMp￿mental￿n of procedures for aulhorisation of all transactions and projects. Ail prccedures are periodicalty reVi￿ed lo ensure that thty continue to meet the needs of the charity.

Matthews Friends Charity Trusta•s' Annual Report (conènued) Year ended 31 March 2023 Objectlves and athllles The objectives and main actsvthes of the Chanty a￿ expressed in the Trust Deed and are "the general purposes of such charitable bodies or for such other purposes as shall be exclusivety chantsble as the Trustees may from bme lo time decide" As noted. the Trust Deed was aff￿nded subsequent to the year end to reflect the wider applub'on of the ketogenic d￿l The objethes and activitios are now as follows.. Th8 relief of people wrth known Com￿eX and intractable epilepsy and the 8￿fiC neurometaboll¢ disorder GLUT1 defi¢iency syndrom. by providing. - Infomatson and advice on the Ketogen￿ Diet lan altemative treatffent to med￿tiOn), and support for patientslparentslcarers once on the drf and - Any charitsble mean$ which the trustees decide induding: al To publictse Ketogenic Dietary Therap￿ make them nvJre available to all those who should need It, be it child or adulL bl Together with our medical board. give parents and patients an infomwd chot8 about the Kelogenlc Diet and lo source and provKle the latesl inf0m￿tr"On availabb. cl To support families and pab'ents through their d￿tary therapy. dl To support professionals in their administrats.on of dietary therapies by way of Ilterature. ketogenlc starter packs and files, educational Confe￿nceS and trainin9 freelings and provide funding, whe possible. 81 To support Research propcts into the efficacy of these dietary treatments for use in Epilapsy and other condftlon$, working with medKal wofesspJnal$ to ensur• our informab.on Is Safe, relevant and current. Publlc 8en•fft thal h provld•d by th• charfty 1. To suppart families on medical ketogent dwtary theraFAes. 2. To fund profos$ional training go that spscialised d¢Xtors. di8lthans and nurnes ean give patients the best care and experb'se. 3. To educate and raise awareness of medul ketogen￿ dietary tr1erap￿ io the public and medical community lo increase recognits.on of this treatment. 4. To fund resear¢h where p￿sible into new areas of dlsease for medical ketogenic therapies. 5. To improv8 delNery and managem8nt of medKal ketogenic therapies, through education and development. 6. To fund hospitals where possible. to increase ketogenic services throughout the UK and Ireland.

Matthews Friends Charity Trusts•s' Annual Report (CL￿11￿U8dJ Year ended 31 March 2023 Contrlbutlon of voluntgors The Charity relies on voluntary help to host fundraising events, conferences and information days, as well as preparing and packing infomHb"on and stsrter packs for tsmilies. Around 5 volunteers ￿gulaty assist th8 chanty wrth Ihese tasks. strateglc Report The following section for achievements, perfor￿￿ and fina￿al r8vl8w fom the strategic report of the Charity. Achltrvfjments and performanto Each year we review and revise accordingty all our printed resources to make sure Infomation is up to da19. All our written resources are free to Ketogenic d￿tary 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 Ketogenic D￿r has been very successful. having been placed on both the Matthe*s Friends Website and on our YouTube channel. We have also produced foreign language subts'ued vetsions. We also havg 12 12 fOre￿n language versions of our wrrtten booklet, Arab￿. Croatsan. Dutch, F￿nCh, Georgian. Geman, Italian. Lithuanian. Polish, Porbjguese. Romanwn and Spanish, with rn0￿ planned in the future. These are all freety available lo patsents, families and professionals who require them. Our web911e contlllU88 lo provlde valuable infonnation on the Ketogenic Diet W8 al80 have a busy Facebook page. together Nwth Instagram and Twitter, giving much needo¢J social media support throughout the year. Dunng the pandemic, we also funded 'Mindfulness' ￿urSeS for our families in the forum. This gav& them a safe space lo come together in small groups and help them to ty and ¢ope with the extra burdens and Worr￿ that the pandemic brought wrth rt. The Virtual Zcom 'Cuppa and Chaf Monday •venlng$ which were stsrted during tha pandemic c￿tsnue and provth support to families ￿1￿ a In"endly 'virtual' place to come together. The Matthews Friends closed forum membership continues to grcm weekty amongst Ihose with loved ones on Ketogenic D￿tary Therapy or who are on one themsefves. have 500 + members who enjoy not onty the mutual support gNen, but the Keto discussions and meal inspirats'ons. These are weekly now. and we have profossional guests present every so often on specific subjects for the families as well as cookin9 tutorial$ from keto chets. We entered the final year fijnding the new transits'on arKI adult service in Sheffield which gives the surrounding paedialric services somewhere to transrt￿)n to and adu￿ neurologists somewhere to send their patients who want to ty Ketogen￿ Therapy Whe￿ medications have failed. Working with the NHS Trust, funding has now been secured for the Ketogenic Clinic to conb.nue indefinrtely when our fvnding period comes to an end. We are delighted that this service will continue to grow and develop, and we will continue charrty support the pabents and the Ketogen￿ team at Sheffield by providing infomiation b¢Joklets, patient support seN￿S and professional training meetings as we do with all our NHS Ketogenic Services. The charity prOV￿eS all this infomBts"on free of charge. The recipe section on ourwebsite continues to grow. Vle continue to post nthv'tried and tested. recipes, giving a comprehensive range of drfferent recipes which can be adjusted to a Patient's own prescription. Our Keto Cook also supports those families requiring specrfi¢ meals. creating bespoke reGipes lo families who are particularfy struggling or who need addthonal help in recipe adjustments.

Matthews Friends Charity Trustees. Annual Report(eonUnuO Year ended 31 March 2023 We fund a mulwlattonn mobile vetsion of EKM. Electronic KetC3enic Manager, whKh is extremety beneficial to Ketogenic patsenls. The EKM is rev￿Wed regulaty. and updates are carried out where funds permrt. A user guide has be8n written and printed for frdmilies which is reviewed annually, and we have also produced and filmed 'ea$y to use, tutonals for the EKM pworm. This is updated regularty across the pkqtfoms and proves to be an eXtreff￿ty us8fv1 tool for thos8 on a ketogenic diet. However, taknng the meal planner ￿ea a step fijrther, and lrying to make meal planning and preparation for the diet as easy as possible not onty for the pat￿nts. bul also families and other allied health professionals, we worked alongside the Ketogenic D￿titianS Research Netsyofk IKDRNI and fvnded the 'Build Ketogenic Meal, project. This 1$ a hvjhty pract￿1 and visual rn8al pLanner which is freely available on the websrte. Using photographs of portion srles and alltrwing families to'build a meal, without having to use numbers or ffigures. Thi$ project is aimed at those who maybe not as expen8ne8d using computer programmes and those where numbers and calculakn.ons ean be confv$ing. Matthe%Vs Fnends have a￿ayS tried lo re8ch as many families as possible in whatever way that works. and we were delighted to be able to partner with the KDRN in bringing thi5 Project to fruIt￿n. We will continue to work with the KDRN in phase 2 of the project in the next year. From Ihe beginning of 2022 onwards face2face m8eting went ahead, Matthews Friends had stand5 at the Europe8n Paediatnc Neurolojy Swety IEPNSI in Glawi in April 2022, and attended both the Ketogenic Dielrtians Research Netsvork KDRN and Nut￿C￿ Keto Conference held in May 2022. In September Julie Fountsin togetherwrth Lisa O'Brien trom the Matihevls Fnend$ medical board attended the ESNA {Epilep¥y SFeu'alist Nur$8s ASsoC￿t￿nI meeting in Glasgow and had an MF stand of information. During October MF had a stand at the Intemalional League Against Epilepsy IILAEI meeting in Cardrff, Wales. Going Into 2023, MF had a stand at the British Paediatri¢ Neurology Association {8PNAI in Edinburgh. E Williams CEO gave a presentsts.on on Ketcfvjenic Diotary Therapies at the Epilepsy Action m¢eb"ng in March. Atso, during March, MF had a stand at the Young Epil•psy Complex Epilepsy Study Day, also repr8senbng the Rare Epilepsies Together IRED group. Matthews Friends had a virtual sland al the Royal College of Paedialiics and Child Health {RCPCH} in June 2022. MF supported free webinars one for the Glut 1 community in O¢tober 2022. for both parents and prof8s$ional$ and a PTofe$$ional's webinar on the subj'ect of Tube Feeding and the Ketogenic diet. Matthews Friends chanty SUPPOrted the KetoCole e4eamin9 platfomi in provKling ongoing education for health profeSS￿nals. Mallhew's Friends joined RET (Rare Epilepsi8s Together) group and conts'nued to be nwbers of tho Neurological Alliance. Matthev/$ Friends run a $u¢¢essful 'Keto Stsrf award programme, this allows anyone who has gone above and beyond the norm to be nominated. We have sent out an assortment of ¢erb'ficates, keto hero t ehirt8, flow•r8 and other 'priz•8' 10 8urprt•• nominat•d. this has prov•n to bo Particularfy beneficial lo the younger patlents who may requi￿ a lrtde boost to show that they are doing well, bul can also be sent to school staff, hosprtaL8. pa￿nts. in fact anyone that is fett lo be deserving by going that extra mile. Matthew's Friends are proud to be founding patrons of the Intemational NeurolcJical Kelcgenic Society (INKS) and we currenUy provide a Treas4Jrer and Se¢retsriat for the group. Three of our Trustees are heavity invofved in this group providing input on all the committees within this organisabon. Tralnlng Our Ketogenic online lutorials for medical professionals continue to be available and are proving especially beneficial for those professionals in resour¢e limited areas of the world as well as community professionals here in the Ulc We SF*￿$0red the 6th annual Ketocollege programme during May, which was once again held as a rtual event onty. 180 delegates attended over the cours8 of 3 days from 43 countries.

Matthews Friends Charity Tru8tses' Annual Report (cofttlnued) Year ended 31 March 2023 Rgsear¢h We continue to plan with and support inib'atives from the Ketogenic Diebb'ans Research Ne￿Ork {KDRNI, as well as facilitab'ng ￿searCh through our supp)rt of the Internat￿n81 Neurological Ketogeni¢ Society IINKSI and the provision of research n8￿knng through our wor1( in hosting and supportj.ng the b￿ann￿81 series of Global Sympwum conferences. Flnanclal rnview The financi81 statements are sel out on pages 10 to 21. The financial statements have been prepared implernenting the Ststement of recommended Practice for Accounting and Reporting by ChaTits'es IFRS 1021 Issued by the Chanties Cornmission for England and Wabes. As stated in the introduction to this report, the trustee8 consKlar the financial perfonnance by the chanty during the year to have been $8ts8factory. The principal sources of funding a￿ through voluntsry donations and this Income stream continues to grow as the charity becomes more well known. In add￿'on. income continues to be generated through organi¥ed furbdraising events which ensur88 we have Sufficient resources lo meet our charitable obieth've8. For the year ended 31st March 2023, the charity's asxounts showed net outgoin9 r8sourc&s of£35,978 12022.. outgoing resources £12.224) and chanty reserves of £514,486 (2022: £550.4641. Pollclo• on Re•orve• In accordance wfth Charity Commission guidance, th• Twstees re9ularty monmor and annually rewew the adequacy of the charity'5 resetves and the res•Nes policy. The Trustees, policy is to ￿tsin sufficient reserves to ensure that any opgratlng costs are met and that commltted grants can be made. The trustees have forecast Ihe18vel of incom8 for 2023f24 at £150,000 gross and £110,000 nel befora expenditure on charitsble actwrties. This takes into account the pwts've impact on being able to once again hold organised events whilst being mindful of the risk of reduced voluntary donalvJns during the recession. The charity's roserves policy is to hold back sufficient fvnds to cover the fix*l Charity running costs. salaryffreelan¢e costs for 12 months and any essentr.al variable costs necessary for healthy growth of tho charity, which equates 10 £40,00012022' £40,000). All reserves overand above this retained amount re deslgnated to chafliable aGtiVit￿ on an annual ba¥i¥. The trujtee? do not consider a re¥orv¢ fvnd is necessary to cover the cost of event organisation as historicalty charity run events havo o)vèred such ¢osts and resutted in profiL Such events would nol tske place rf a loss was anbcipated. Gr•nt Maklng Pollcy Once a year at the AGM, Iruslees decKle the main fccus of the charities grant making a¢ts'vities for the coming year, in line with Ihe main chanty aims and objectives. The CEO and relevant Staff then engage directly with organisations that may be able to fulfil those objectives and once satisfied, contracts are drawn up and awards are made. Requests for funding are also received from third parties and these are considered on a caseryby-C8se basis and approved subJe¢tto fulfilling charitable objectives and available resources. Matthevls Friends Clinics Ltd is an independent limited Company and owned jointty by the directors Emma Williams and Julie Fountain therefore any requests for grant fvnding from Matthews Friends Clini¢$ Ltd are considered solety by the independent trustees. matvw￿ Friends Clinics ckjsèd its clinical service and is now ￿ncentrating on the expansion of its educational programmes.

Matthews Frlends Charlty Trustees. Annual Roport (conflnu Y•ar end8d 31 March 2023 Incoming R•source$ Christmas ¢Jrds and m6r¢handise w•ro sold to raise money to provido for our free resour￿. Fundraising is still proving challenging, especially during a Cost￿-11vln9 crtsis. We are a￿ayS extremèly grateful to All thosalhatdonated during thistime through Facebook and thos8 who managed to fundraise by way of marathons and other athilies. We are aLso grateful to have re￿Ived generous grants from our long-16rm supporters.. The Sydney and Phyllis Goldburg Trust and The Ellerd8le Trust. During May 2022- Shenise Parker from Footprint. dEd a skydive. We also had runners in both the London Marathon and Royal Parks and Ihe bnjlal Mldnlghl Mounl&ln Marathon. The Oxted Pram Racg al¥0 supported us h a share of money ralsed frryn thelr annual 8venL We continue lo raise fvnds through approprlate website sponsorship. through the sale of advertisements in our newsletters and of course by the sales of merchandise available via our Matthews Friends onlSne shop. We hope to continue fundraising next year vi8 8 number of fundralslng and sponsorship activates allowng us to f8milies in need. ellabling us to achi8v8 our own charitable objedNes. Outgolng Re$ourG•$ Costs have been Incurred in orderto fundrdisa as wdl as through provislon ofo)nferences and mee￿ngS to facilitats education and training in the Ketogenic Diet. Expenditure has been Incurred through funding of Ketocollege educational actMlie8 at Matthews Friends Clinlcs Ltd. Plans forfuture porlods We plan to conllnue fundraislng n8Xt year through 8 number of fundralsing and spC￿50T8hip activlUes. We will us8 funds raised to ènable us b) aGhieve our own charitsble objectives. We plan lo ¢onlinue attonding and spoaking al conforenc68 in th8 UK and beyond for medlcal professionals. dietidans, patients and speclal interest groups tsislng awareness olKetogenic Therapie6. We intend to continue to support Kelogènic Diet centrès around the UK to allow them to support rnor8 P8ti8nts on the Ketcynic Diet and by provision of our froe r&wurces, informational brcKhvres, starter packs and recipes. We plan ID continue worknng with NHS centres to increase their services by way of educab'on, training and supporting their business plan appll¢ation8 to Clinical Commissionlng Group's and considerfundlng kelogenio centres for 8dutts and chlldr8n where appropriate. M8tthew's Frignds intend to continue supw)rt of the Global Symposlum serio5 of meetings with th0 8th to be held in San Diego in September 2023. We continu6 to be the only UK charty 100% dedical8d lo madical K8tog•nlc Dlelary Therapt•s and the support of families and health care professionals who are working wlth or using this treatment. The trustees. annLtal re￿rt was approved on 21 January 2024 and signed on beholf of the board of trus199s by.. Mrs J Fountaln Twst90 Mr R Aldridgo TTYSte&

Matthews Friends Chan"ty Independent Examiner's R8POrt to th8 Trustees of Matthews Friends Charity Year ended 31 March 2023 l ￿pOrt lo the trustees on my examination of the financial statements of Matthews Friends Charity I'the charty'l for the year ended 31 March 2023. Responsibi1tt1gs and basls of foport As the trustees of the Charity, you ?re re¥ponsible for the preparation of the financial statements in accordan￿ wth the requirements of the Charit'es Act 20111'the ACYI. I report In respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examinaliori I have followed all the applicable Direcb'ons given by the Charty Commission under section 14SI5)(bl of the A¢L Independent examinerfs statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. at￿UntIng records were not kept in respect of the chanty as required by seetion 130 of Ihe A¢t', or the financial statements do not accord with those records,. or the financial statements do not comply with the applicable requirements concerning the forrn and content of accounts sel out in the Charities (Accounts and Reports) Regulation5 2008 other than any requirement that the accounts give a 'lrue 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 wf(h the examination lo which attention should be drawn in this ￿pOrt in order to enable a proper understsnding of the a¢¢ounts to be reached. Mrs A Mag5Jire FCA Independent Examiner 10 Clovelly Avenue Warlingham SLsrrey CR6 9HZ

Matthews Friends Charity statament of Financial Activities Year ended 31 March 2023 2023 Unrestricted funds Total fund8 Total funds 2022 Note Incomo and endowmonts Donations and legacies Charitsble aclwities Other trading activities Investment income 131,690 131,690 175,606 300,230 750 51 607 1,625 607 1,625 133,922 Total Incom 133,922 476,637 Expgndituro Expenditure on raisir¢g ftjnds.. Co$1$ of raising donations and legacles Costs of other trading activities Investment management costs Expenditure on charitable activities Total expendituro {9,090} (9,090) (5,0711 126,692) 126,692) (9,6861 1213} 1213) 148) {133,905) 1133,905) 1474,0561 1169,9001 (169.9001 {488,861) 10 11.12 Net expendlturn and net movgment In funds (35,9781 (35.9781 112.2241 Reconclllation of funds Total funds brought fomard Totsl funds carriod torward 550,464 514,486 550,464 562,688 514,486 550,464 The statement of financial activities includes all gains and losses recognised in tre year. All income and expenditure derive from continuing activities. The notss on pages 13 to 21 form part ofthese finan¢lal statements. 10

Matthews Frlends Charfty Statement of Financlal Posftion 31 March 2023 2022 Flxed a88•ts Tangit40 fLxed assets 17 89 Current assots Debtors Cash at bank s￿1 bn hand 18 28.531 494,227 522,7S8 34,436 526.184 560.620 Cr•dltorn: arnounts falllng due wllhln one year Not ¢urrtynt 8S89ts 19 8.316 10,245 514J42 514.486 51Wfj 550.464 550,375 Total assets 1oBs Gurront liabilltl•s 550.464 Net as80ts Funds ol th• charFty Unrestricted funds 514486 550,464 Total charity funds 514,486 550,464 These financial ststements w8r8 approvY by ts bo8rd of tnjsteos and aulhorised for Issue on 21 January 2024, arKI are signed on behalf of the board by: Mrs J FountsKb Tr¥Jstee Mr R Ajdfidge Th• n(•t•s on pagts 13 to 2t fomi p•rt of th80 financlal ¥tatw)ts. 11

Matthews Friends Charity Statsment of Cash Flows Year ended 31 March 2023 2023 2022 Cash IIow8 from opernting actlvhi Net expenditur 135,978) 112.2241 Adjustments for. Depreciats"on of tsngible fixed assets Olher interest receivable and similar income Accrued income 45 (1,625) {8,479) 430 1511 (56,2881 Ghanges in.. Trade and other cjebtors Trade and other ¢redrtors 5,905 6,550 {33,5821 5.013 14031 (63,523) Cash generated from operation$ Inter8s1 receNed 1,625 131,9571 51 Net c4$h used in operating •Xlvitles 183,4721 N•t doer•a•• In ¢a•h •nd cuh •qulval•nts Ca•h and cash •qulvalonts at beglnnlng of yoar Cajh and ¢a•h oqulvahnts at •nd of year {31,9571 528,184 494,227 163,4721 589,6S6 526,184 The note¥ on p•gts 13 to 21 lorm wrt 011he8e financial stat•m•nt& 12

Matthews Friends Charity Notss to the Financial Statements Year ended 31 Ma￿h 2023 Genordl Infommlion The charity is a public benefft entity and a registered chanty in England and Wales and Is unincorporated. The address ofthe principal office is St Piers Lane, Lingfiekl, Surrey, RH7 6PW. ststoment ol ¢ompllanco These financial statements have been prepared in compliance FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practs'ce applicable to charities preparing their accounts in a(￿OrdanCe with the Financial Reportin9 Standard applicable in the UK and Republic of Ireland (FRS 1021 (Charities SORP IFRS 1021) and the Charitses Act 2011. A¢¢ountlng pollclo• Ba•1• of preparatlon The unaudited financial ststemnts have been prepared on the historical cost basis, as modified by the revaluation of certain finanrial assets and liabilth'es and investment properties m6a$ur•d 8t fair value through income or expendthire. The unaudited financial ststenxnts are prepared in sterting. which is the functional currency of the enb'ty. M8tthewg Friends meets tha defintbon of a public benefft entity under FRS 102. Golng ¢on¢•rn There are no merial uncertaintKry8 8b)ut the chartty's ablllty to continue. Doblor• Other deblor8 are reccgnised at the settkryment amount due after any trade discount offered. Prepayments are valued at the amount kyepaid after taking account of any trade discounts due. Ca8h at bank and In hand Cash at bank and cash in hand Indudes cash and short tem h￿hty investments ￿th a short maturity of thr88 months or l•ss from thè date of acquLth"on or opening of the deDOSit or similar account. Crndltor• and provi•lon• c￿ditOrS and provIs￿n5 are recognised where the charity has a present obligation resulting frorn a past event that will probabty ffjsult in the transfer of funds to a third party and the amount due to settle the obligation can be measured or eskn"mated reliabty. Creditors and provisions are nonnally cognised at their settlement amount after allu*ing for any trade discounts due. 13

Matthews Friends Charity Notss to the Financlal Statements (conthu•dJ Year ended 31 March 2023 Debtorn other debtors are recognised at the settlement arrnunt due after any trade discount offered. Prepayments are valued at the amount prepaid after takn.ng actount ofary trade discounts due. Cash at bank and In hand Cash at bank and cash In hand indudes cash and short tem h￿hty INuid investments with a short maturity of three months or less from the date of acqui?Ation or opening of the deposit or similar aco)unt. Crndltorn and provl810 Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probabty resurt in the transfer of funds to a third party and the anKJunt due to $etUe the obligat￿n can be Measu￿ or ests'mated ￿liab￿. Creditofs and provisions are normally reco9nised at their setdement amunt after allowing for any trade d18counts duo. Judgements and •ourc•8 of o•tlmatlon uncortalnty The PfeparalK¢n of the finanaal statements requires managem8nt to make judgèments, estimates and assumptions that affect the amounts reported. These esb'males and judgements are continually reviewed and ar8 based on experience and other factors, induding expectations of fvture events that are teli6ved to be reasonab￿ under the arcumstance$. There are no signfficant areas requinng material judgem8nts, ostimates or assumpb'ons. Taxatlon The charity Is exempt from tax on incorn and gains to the extent that thege are applied to Its charitable objectives. Penslon costs Contribution$ to defined contribution plans are recognised as an expense in the pedod in which the related servic6 is provKled. Drtrerences bts￿een conlribub"on$ payable in the year and the conlTibub'ons actualty paid are $h¢)wn 88 either 8c¢ruals or p￿paYMents on tha balan¢e sheet Fund •e¢ountlng Unrestricted funds are availabte for use at the discrotron of the truste8S to further any of the charity's purposes. Designated funds are unrestn.ctsd fvnds eamwrked by the trustees for particukqr fvture project or commrtmenL Restricted fvnd$ are subjected to restrictions on their expenditure deCla￿d by the donor or through the terms of an appeal and fdl into one of￿0 sutrrtiasses.. restricted income funds or endowment funds. 14

Matthews Friends Charlty Notes to tho Financial Statements (conJnwdJ Year ended 31 March 2023 A¢¢ounllng pollcleB {¢onUnwlJ In¢omlng resourc In￿me is accounted forwhen the charity has efititte￿￿nt to the fvftds, receipt is probable, and the amount is measurable. Where income is recelved in advance of an event il is deferred until th• charity is ents'tled to the incow. Income from donations and grants is induded in income when these are receNable. ￿en donors IrnP05e condrtions, which have to be fuffilled before the chanty becomes entitled to use such income, the income is def8rred and not included in in¢ome untsl the pre<onditions for use have been met. Inte￿$t is included when re￿Nable by the charty. R080urcM expend•d Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure include$ any VAT wh¢h ¢annot be fulty recovered, and is reF)rted as part of the expendityre to which it relates.. Costs of raising fijnds comprise the costs associated wth attracling donations. grants and legacies and the costs of trading for fundraising purposes. Charitable expendrture comprises th088 costs inujffed by the charlty in the delivery of its activities and services for rts benef￿larie3. It includes both ¢o$ts th8t can be albcated direcdy to such actNits'es and those ￿lsts of an indirect nature necessary to support them. All costs are alIc￿led between the expendiiure categones of the SOFA on a basis designed to reflect the use of the resource. Costs ￿La￿n9 to a partbcular activty are albcated direcyy, others are apportsoned on an appropnate basis. as set out in the notes to the axounts. T•nglblo a•ut• Tangible assets are initialty recorded atcosL and sub8equenty staled al cost less any accumulated depreciation and impaim*nt losses. D•pr•clallon O•pr•¢iation 1$ ￿lCulated so as to write off the cost or valuation of an asset. le881ts re5￿U81 value. over the useful econ¢)mi¢ lrfe of that asset as foll(Yws.' Fixtures & Fittings Equipment 20% Stra￿h1 line 50% strauhl line Imp•imi•nt of fix•d a880ts A review for indicators of impaimient is carried out at each reporting date, wtth the recoverable amount being estimate(I where such indicators exist Where the carying value exceeds the recoverable amount, th8 asset is impaired a¢¢ordingty. Prior impaim)ents are also ￿vieWed for F¥)ssible reversal at each reporting date. 15

Matthews Friends Charlty Nots3 to the Financial Statements {conthJu•d) Yoar ended 31 March 2023 Aecountlng polkles (c¢￿￿>V•￿) Impalfflient of fixod •uats (ronttnwdj For the purposes of Impalm￿nt tesbng. when it 1$ not possible to estimate the recoverable amount of an individual asseL an estr'mate is made of the recoverable amount of the cash-genfjrating un to which the asset belongs. The cash-9enerating unit is the Smallest identifiab18 group of assets th8t indudes the asset and generates cash inllows that largely independent of the cash inflows Irorn other assets or groups of assets. For impaim)ent testing of go¢th￿'H, the gcOJV￿II acquired in 8 business combination Is, from the acquisition date, allocated lo each of the Cash￿enerating units that are expected to ben8fit from the synergies of the cOm￿.na￿0n, irresF*ctsve of whether other assets or l￿blIrtieS of the charity are assigned to thos8 units. Fln•n¢lal Instrumonts A fin8ncial asset or a financial liability 1$ reco3nis8d only when the charity be￿rnes a paty to the contractual provisions of the Instrument. Bast finan¢ial instruments a￿ initk?ity rec<¥nised at the aft￿nt receivablo or payable including any ￿lated transactton costs. Current assels and current liabilibes are subsequenty measured at the cash orother consld8ration expected lo be paKI or ￿Ned and not dls¢ounted. Debt Instruments are subsequenty measured at aTh)rti8ed cost. ere Investments in shares ar8 publKty traded or their fair value can otherwise be mèasured IL8bly, the investment is subsequentty measured al tdir value I￿1h changes in fair value recognised in income and expenditure. All other such investments aTr subsequendy measured at cog1 less impaiTmenL Other financial 1nstrur￿nts. induding defvatives. are inrtialty recognk8od at fair value, unl&ss payment for an asset is deferred beyond nom)al business terms or finan¢ed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a Similar debt instNment. Other financial instrum•nls are •ubwu•ntty rr￿JUred at fair value. wrth any changes recogni8•d in tho stolement of financial activities. wth the exception of hedging Instruments in a designated hedging relationship. Finantial assets that are measured at cost or amortt'sed cost a￿ reviewed for objectlve evidence of impairment al the end of each reporting date. If there is obje¢b"ve evidence of impaimienl, an IMpa￿rMent loss is rec4)gnised under the appropnate heading in the stalemenl of finan¢lal activrties in which the initsal gain was recognised. For all equity instruments regardless of significance. and other financial assets that a￿ indwidualty significant, these are assessed indmdualty for impairment. Other financial assets are either assessed indNidualty or grouped on the basL8 of similar credit rlsk tharacteristics. Any reversals of impairment are recc¥Jnised immediatety, to the extent that the reversal does not result in a carying amount of the financial asset that exceeds what the canying amount would have been had the Impalm￿nt not P￿v￿)us￿ been recognised. 16

Matthews Friends Charity Notes to tho Flnanclal Statements (CL¥rfinwd) Year ended 31 March 2023 Oonallon8 andlggxl Unrestricted Totsl Fundg Unresthcted Total Funds Funds 2023 Fund$ 2022 Donations Donab"on$, Just Giving & Private Fundraisers 131,690 131,690 175.606 175.606 Charltsblo a¢lfvltle• Unrestricted Totsl Fund• Unrestnd8d Total Funds Funds 2023 Funds 2022 Conference Spon80rshlp & Delegate Income Other Grants 299.930 300 299,930 300 300.230 300,230 oth•r tradlng actlvftl•8 Unrestricted Total Fund• Unrestricted Totsl Funds Funds 2023 Funds 2022 Marchandise Incnme Buy At & Easyfijndraising 231 376 231 376 355 395 355 395 750 750 Invfr8tmont Income Unrestricted Total Fund8 Unffjstricied Total Fund5 Funds 2023 Funds 2022 Bank interest receivab 1,625 1,625 51 51 Costs of ral•lng donatlon8 •nd l•gacl Unrestricted Totsl Fund8 Unrestricted Total Funds Funds 2023 Funds 2022 Advertising & Promotion Print, Postsge & Ststionary Computer & Phone 5,193 640 3.257 5,193 2,010 1,161 1.900 2,010 1,161 1,900 3,257 9,090 9,090 5.071 5,071 17

Matthews Friends Charity Notes to the Flnan¢lal Statsments (cortin￿d) Year ended 31 March 2023 Costs of othor tr¥dlng actlvitl Unrestncted Total Funds Unrestricled T¢Xal Funds Fund$ 2023 Funds 2022 Organised Events Costs Merchandise Costs Administraty'on Costs 3.999 2.794 19.899 1.417 1,417 260 8,009 2.794 19,899 26,692 8,009 9,686 26.692 9,686 10. Investment managemont co•ts Unrestricted Total Fund• Unrestricted Total Funds Funds 2023 Funds 2022 Bank Charges 213 213 48 48 11. Expondlturo on ch•rftabl• actlvftlo8 by fvnd typ• Unrestncted Totsl Fund• Unrestn'cted Total Funds Funds 2023 Funds 2022 Website & Helpline Phone Travel Costs Research Nehvork Administration Costs Conferences & Meetsngs Chef & Recipe Funding Other Grants Made (See note 13) Keto Starter Packs Support ￿$ts 13.086 6,368 13,086 6,368 7,599 1,074 13.796 7.604 383,238 2.267 49.412 6,956 2,110 474.056 7,599 1,074 13,7 7,604 383,238 2,267 49,412 6,958 2,110 474.0 14.368 17,239 1,584 72.042 6,762 2.456 14,368 17,239 72,042 6,762 133,905 133,905 12. Expondlturo on charftabl8 actlvltlM by actlvjty typ• Athl1￿5 undertaken directy Support Total funds costs 2023 Total fvnd 2022 Website & Helpline Phone Travel Costs Research Neiwork Administration Costs Conferences & Meetings Chef & Recipe Funding Other Grants Made (See note Kelo Starter Packs Govemance costs 13,086 6,368 13,086 6.368 7,599 1,074 13,7 7,604 383,238 2,267 49,412 6,956 2,110 14,368 17.239 1,584 72,042 6,762 14,368 17,239 1,$84 72,042 6,762 2A56 2.456 131.449 2,456 133.90S 474,056 18

Matthews Friends Charity Not•s to the Financial Statsments (conth1u￿j Year ended 31 March 2023 13. Ana￿19 of grants 2023 2022 Grants to institution¥ MF Clinics Patient Treatn*nt Sheffield Teaching Hosprtal- Dietician MF South Africa Ketocollege UK Sym[￿luM KDRN - Ketogenic Diet Research Ne￿Ork INKS - Intemalional Neurological Ketogenic Society Keto Dietician Funding MF Netherland8 3,155 17,791 1,000 19.500 13,984 14,612 25.490 22.648 836 438 72,042 49,412 Tolal grants 72,042 49,412 14. N•t •xp•ndtturn Net expenditure is stated after charginW(credibng). 2023 2022 Depre¢iatlon of tongible fixed assets 45 430 16. Stsff ¢o•t• Thé tot81 stsff costs and employe8 benefits for the reporting poriod are analysed as folbws.. 2023 2022 The average head count of employees during the year wa$ 2 {2022'. 2). Th8 average number of fvll-lime equivalent employees during the year is anatysed as follow8.. 2023 2022 No. No. Number of staff - type 5 No employoe receNed èmployee benefits of rr￿re than £60,000 during the year (2022.. Nll}. 18. Trn•tee remun•ratlon and •xpense• The trustees receNed no rernuneratson during the current or prior year. During the year. the Iruslees ￿¢eNed the following re4mbursements of out of pocket expenses in relation to travd, accommodation and telepho￿l￿ternet - Mrs Julie Fountain £50 (2022.. £2401 - Ms Emma Wlliams £1.074 {2022.' £1.098) During the year the charity paid £10.581 for IT Servi￿ to Teknicare Limited. a company incorporated in England, whth the trustee Alan Johnson is a director and shareholder 12022.. £3,669).

Matthews Frlends Charity Notss to tho Flnanclal Ststements (cortknwdj Year onded 31 March 2023 17. Tangiblo fixed a88ets Fixtu￿$ and fftbngs Equipment Total Co•t At 1 Aprll 2022 and 31 Mavch 2023 DeprKiation At 1 April 2022 Charge for the year At 31 March 2023 1.028 4,745 5,773 939 4.745 5,684 45 4,745 5,729 Carrylng amount At 31 Morch 2023 At 31 March 2022 89 89 18. D•btorn 2023 2022 Prepayments arKI accrued Incu other debtors 4,295 30,141 28,531 28,531 34,436 19. Cr•dltorn: amounts f•lllng du• wlthln on• y•ar 2023 2022 Trade credllors Accruals and deferred incoff 8,670 1.646 8,318 120 10,125 10.245 20. Anatysl• of eh•rlt•bl• lund• UnrHtrlcted funds At 31 March 20 23 At 1 Apnl 2022 Income Expenditure General funds 550.464 133,922 (169,900) 514,486 At 1 Apr￿ 2021 31 March 20 22 IT￿me Expenditure General funds 562.688 476,637 (488,861) 550,464

Matthews Friends Charity Notes to the Financial Ststements (¢onthu•dJ Year endod 31 March 2023 21. Anatysls of not a880ts b•twoen funds Unrestn'cted Totsl Fund¥ Funds 2023 Tarvjible fLxed assets Current assets Creditors k¥s than 1 year Not assots 522.758 {8,3161 514,486 622.758 18,3161 S14,486 Unrestncted Total Funds Funds 2022 Tangible fued assets Current assets Creditors less than 1 year Not a888t8 89 560.620 110,2451 550,464 89 560,620 (10,2451 550,464 22. An•ly•h of ¢hang•8 In n•t debt At At 1 Apr 2022 Cash flcws 31 Mar 2023 Cash at bank and In hand 526,184 (31.9571 494,227 23. R•lat•d part1•8 During the year. Matththvs Friends Charity sponsored a number of chlldren to Comménce Kelogenic Diel Therapy through Matthews Fn&nd$ ClinTh Ltd which is owned and controllèd by Mrs Jul￿ Fountsin and Ms Emma Williams, who are also trustees of the charity. Th8 amount invoiced for this $eNice dunng the year was £5. 155 {2022.. £25,490). Dudng the year Matthews Friends charity provided support services for Ketocollege professlonal training and p￿MiseS rent totalling £31,646 to Matthews Friends Clinics Ltd12022'. £28,531). The total arrw)unt outstsnding at the year-end was £31,64812022'. £28.5311. During the year Matthews Friends Charity receNed Ketogenic Cookery Services and used the facilities of Mavreen Benn and Benn Bros who are related to the trustee Mrs Julie Fountsin. The total invoiced for these seNices during the year was £1,46412022.. £4,033). No further transacts'ons with relatsd part￿ were undertaken such as are required to be disck>sed under the provisions of FRS 102 Section 1A. Tre Finanaal ReportirKJ Standard applicable in the UK and the Republic of Ireland,. 23. Indo￿nd￿nI oxamlnatlon fe The Independent examination was undertaken pro bono at no ￿st to Ihe charity12022.' £nill. 21