CHARrrY REGISTRATION NUMBER.. 1108016
Matthews Friends Charity
Unaudited Financial Statements
31 March 2024

Matthews Friends Charity
Financial Statements
Year ended 31 March 2024
Page
Trustees, annual report
Independent examinerfs report to the trustees
10
Statement of financial activities
11
Statement of financial position
12
Statement of cash flows
13
Notes to the financial statements
14

Matthews Friends Charity
Trustees. Annual Report
Year ended 31 March 2024
The trustees present their report and the unaudited financial statements of the charity for the year ended
31 March 2024.
Reference and administrativo details
Registered charity name
Matthevts Friends CharÉty
Charity reglstration number
1108016
Principal office
@ Young Epilepsy
St Piers Lane
Lingfield
Surrey
The trustees
Mrs E Williams
Mrs J Fountsin
Mrs V Aldridge
Mr R Aldridge
(Retired 31 July 2023)
Independent examlner
Mrs A Maguire FCA
10 Clovelly Avenue
Warlingharn
Surrey
CR6 9HZ

Matthews Friends Charity
Trustees. Annual Report (conrfnuod)
Year ended 31 March 2024
Structure, governance and management
Nature of the Governing Document and constitution of the charity
Matthews Friends is registered as a charrty with the Charity Commission and is constrtuted under an
original Declaration of Trust dated 25th October 2004 and supplemental deeds dated 24th November
2004 and 20th April 2011. The trustees approved an additional supplemental trust deed dated 31 May
2023.
This deed consolidated the original and earlier supplemental deeds but also amended the objectives of
the charty to refiect the wider application of the Ketogenic Diet to all people with known complex and
intractable epilepsy and the specrfic neurometabolic disorder GLUT1 deficiency syndrome. As this
change included an amendment to the stated objectives of the chartty, prior permission for the change
was granted by the Charty Commission.
The organisational strncture of the charlty and how decisions are made
The board of trustees consisted of 3 individuals at 31 st March 2024. The minimum number of trustees
is 3 and the maximum number of trustees is 7.
Emma Williams resigned as CEO (and as a Trustee) during the course of the year, wtth Julie Fountain
taking over this position.
All policy decisions are made by the Board by majority vots. In addition, there are sub-committees to
organise and manage various events. There are regular board meetings throughout the year to discuss
charity matters, culminating in an AGM.
The methods adopted for the recruitmenL appolntment, Induction and tralning of new trustses
The appointment of Trustees is govemed by the Declaration of Trust dated 25th October 2004 which
established the Charity ("the Trust Deed.) and subsequent supplemental deeds. Subject to the usual
qualifications regarding mental capacity and the requirementthat a Trustee must act in the best interests
of the Charity at all times, the Trust Deed provides that founding Trustees shall be entttled to hold office
for life with all other Trustees being appointed for 4-year terms. All Trustees must be aged 18 and over
and there must at all times be a minimum of 3 Trustees. Under the Trust Deed a Trustee may also be
appointed or removed by resolution of the Trustees.
Potential trustees make it known to the board that they are interested in becoming a trustee. or they are
approached by an existing Trustee.
- They are invited to attend a meeting to discuss the benefits they can bring to the charity.
Existing trustees vote on whether the candidate is suitable.
If the candidate is suitable. they are offered a position.
The candidate then decides vthether they will ac￿pt the position.
Once aC￿pted, the trustee is given promotional literature about the charity and directed to the charity
website for further background infomiation.
New trustees are invited and encouraged to attend an introductory meeting with the management to
meet the team and understand the charity structure. They are encouraged to ask questions and are
given infomiation about their obligations as trustees of the charty-

Matthews Friends Charity
Trustees. Annual Report (contsnu8d)
Year ended 31 March 2024
Structure, governance and management (¢ondnu8d)
Conflict of Intar8st
Trustees are required to advise the other trustees where they have any personal interest in any activity
or transaction of the charity and exdude themselves from any related discussions or voting.
Risk Management
The trustees have conducted a review of the major risks to which the charity is expjsed.
Where appropriate. systems or procedures have been established to mttigate the risks the charity faces.
Extemal risks to funding have been considered and a strategic plan which will allow for the diversification
of funding and activities has been developed. Intemal control risks are minimised by the implementstion
of procedures for authorisation of all transactions and projects.
I procedures are periodically reviewed to ensure that they conts'nue to meet the needs of the charity.
Objectlves and actlvities
The objectives and main activities of the Charity are expressed in the Trust Deed and are 'the general
purposes of such charitable bodies or for such other purposes as shall be exclusively charitable as the
Trustees may from time to time decide". As noted the Trust Deed was amended subsequent to the year
end to reflect the wider applicats'on of the ketogenic diet.
The objectives and activities are now as follows:
The relief of people with known complex and intractable epilepsy and the specific neurometabolic
disorder GLUT1 deficiency syndrorne, by providing:
Infomation and advi￿ on the Ketogenic Diet (an altemattve treatment to medication). and support for
patientslparentslcarers once on the diet, and
- Any charitable means which the trustees decide including..
a) To publicise Ketogenic Dietary Therapies and make them more available to all those who should
need it, be it child or adult.
b) Together with our medical board. give parents and patients an informed choice about the Keiogenic
Diet and to source and provide the latest information available.
c) To support families and patients through their dietary therapy.
d) To support professionals in their administration of dietary therapies by way of literature, ketogenic
starter packs and files, educational conferences and training meetings and provide funding. where
possible.
e) To support Research projects into the efficacy of these dietary treatments for use in Epilepsy and
other conditions. working with medical professionals to ensure our infomiation is safe, relevant and
current.

Matthews Friends Charity
Trustees. Annual Report {¢ontlnu8d)
Year ended 31 March 2024
Objectives and activities (condnuedj
Public B8n8fit that Is provided by the charity
1. To support families on medical ketogenic dietary therapies.
2. To fund professional training so that specialised doctors, dietttians and nurses can gtve patients the
best care and expertise.
3. To educate and raise awareness of medical ketogenic dietary therapies to the public and medical
community to increase recognition of this tr8atment.
4. To fund research where possible into new areas of disease for medical ketogenic therapies.
5. To improve delivery and management of medical ketogenic therapies. through education and
development.
6. To fund hospttals where possible. to increase ketogenic sep4ices throughout the UK and Ireland.
Contribution of volunte8rs
The charity relies on voluntary help to host fundraising events. conferences and information days. as
well as preparing and packing information and starter packs for families. Around 4 volunte8rs regularly
assist the charity with these tasks (2023: 5).
Strategic Report
The following section for achievements. perf0rnan￿ and financial review form the strategic report of
the charty.

Matthews Friends Charity
Trustees. Annual Report (contlnued)
Year ended 31 March 2024
Achievements and pertomiance
Each year we review and revise accordingly all our printed resources to make sure infomation is up to
date. All our written resources are free to Ketogenic dietary therapy centres around the wodd and are
checked and approved by our Medical Board. The animated release of our guide '1 am going on a
Ketogenic Dief has been very successful, having been placed on both the Matthews Frtends Website
and on our YouTube channel. We have also produced foreign language subtitled versions. We also
have 14 foreign language versions of our written .1 Am Going on a Ketogenic Diet, booklet" Arabic,
Croatian. Dutch, French, Georgian. Gerynan. ltslian, Lithuanian. Polish, Portuguese, Romanian and
Spanish. Ukrainian. Urdu. with more planned in the future. These are all freely available to patients.
farnilies and professionals who require them.
Our website conts'nues to provide valuable infomiation on the Ketogenic Diet. We also have a busy
Facebook page, together wtth Instagram and Twrtter, giving much needed social media support
throughout the year.
The virtual Zoom 'Cuppa and Chat, Monday evenings which were started during the pandemic continue
and provide support to families with a friendly'virtual, place to come togetherwithin our Facebook forum.
These are held weekly and we have scheduled professional guests to present on specific subjects for
the families as well as cooking tutorials from keto chefs.
The Matthe￿S Friends closed forum membership continues to grow weekly amongst those with loved
ones on Ketogenic Dietary Therapy or who are on one themselves. We have 500+ members who enjoy
not only the mutual support given. but the Keto discussions and meal inspirations.
A quarterly newsletter is produced. featuring Keto artides. recipes, news & events.
The recipe section on our website continues to grow. We continue to posl new 'tried and tested, recipes,
giving a comprehensive range of dtfferent recipes which can be adjusted to a patient's own prescription.
Our Keto Cook also supports those families requiring specffic meals. creatlng bespoke recipes to
families who are particularly struggling or who need additional help in recipe adjustments.
Free starter packs and other useful Ftems are provided to UK mainland kelo families that are new to the
diet. These can be requested via ketogenic dietits'ans or online via the charity website. More than 300
useful packs. that include digital scales, were sent during this period.
Commencing August 2023, we introduced 6-montly meetings of the Medical Advisory Board. An
opportunity for professional discussions. gaining insights and advice. working collaboratively on relevant
projects and producing Ketogenic Diet materials for families and health professionals. Consolidating an
effective team approach for the running of the charity.
During this period the Trustees resolved to provide funding for a new paediatric ketogenic service at
Chelsea & Westminster NHS Trust, London in support of a Ketogenic Dietitian position. A commitment
that had previously been made prior to the Covid pandemic and postponed on request of the Trust.
We fund a multi-platform mobile version of EKM. Electronic Ketogenic Manager. which is extremely
beneficial to Ketogenic patients. The EKM is reviewed regularly, and updates are carried out where
funds permit. A user guide has been written and printed for families which is reviewed annually, and we
have also produced and filmed 'easy to use, tutorials for the EKM platforni. This is updated regularly
across the platfonms and proves to be an exlremely useful tool for those on a ketogenic diet. Taking the
meal planner idea a step further and trying to make meal planning and preparation for the diet as easy
as possible not only for the patients, but also families and other allied health professionals, we worked
alongside the Ketogenic Dietitians Research Netr￿Ork (KDRN) and fvnded the 'Build a Ketogenic Meal,
project. This is a highly practs'cal and visual meal plann8r which is freely available on the website. Using
photographs of portion sizes and allowing families to 'build a meal. without having to use numbers or
figures. This project is aimed at those who maybe not as

Matthews Friends Charity
Trustees. Annual Report {￿￿OnuSdj
Year ended 31 March 2024
eXperien￿d using computer programmes and those where numbers and calculations can be confusing.
Matthew's Friends have always tried to reach as many families as possible in whatever way that works,
and we were delighted to be able to partner Wbth the KDRN in bringing this project to fruition.
Matthew's Friends had stands l attended at Nutricia's Keto Conference and the Ketogenic Dietitians
Research Network KDRN meeting both held in Newcastle in June 2023, the GLUT1 European
Conference in Gemiany in June 2023. IEC Dublin in September 2023. The Global Symposium in San
Diego in September 2023, ILAE Gateshead in October 2023, Nutricia's Managing Complex Epilepsy
study day in Sheffield, The Freya Foundation held at Chessington World of Adventure and Dravet UK
London all during November 2023. Going into 2024. MF had stands l attended the Young Epilepsy
retreat in Gatwick and BPNA in Bristol both held during in January 2024 . MF Trustee, Val Aldridge,
attended a Vitaflo workshop in Manchester, she also attended Nutricia's Complex Epilepsy Expert Day
held in the Nelherfands. We were invited to take part in Young Epilepsy's Webinar titled Ketogenic
Dietary Therapies in Infants. MF'S CEO. Julie Fountain presented via video link at Italy's First National
Symposium on Ketogenic Diets.
Matthew's Friends are members of (Rare Epilepsies Together) group and the Neurological Alliance.
Matthews Friends provide a 'Keto Starf award programme. This allows anyone who has gone above
and beyond the norm to be nominated. We have sent out an assortment of certifjcates. kgto hero t shirts.
flowers and other'prizes, to surprise those nominated. this has proven to be particularty beneficial to the
younger patients who may require a littie boost to show that they are doing well. but can also be sent to
school staff. hospitals, parents. in fact anyone that is felt to be deserving by going that extra mile.
Matthew's Friends are proud to be founding patrons of the Intemational Neurological Ketogenic Society
{INKS) and we currentty provide a Treasurer and Secretariat for the group. Three of our Trustees are
heavily involved in this group. providing input to the committees within this organisation.
Tralnlng
Our Ketocollege online tutorials for medical professionals continue to be available and are proving
especially beneficial for those professionals in resour￿ limited areas of the world as well as community
professionals here in the UK.
We supported the annual Ketocollege programme during May 2023. This was the first face2fa
meeting since the pandemic and the 1 st Ketocollege ADVANCE meeting for existing Keto teams. The
event was well attended by over 100 delegates from 17 countries. The meeting also featured a Keto
Education Day for families and support workers. vthich was also recorded as a future resource for the
charity website.
Research
We continue to plan with and support initiattves from the Ketogenic Dietitians Research Network
(KDRN), as well as facilitating research through our supporl of the Intemational Neurological Ketogenic
Society (INKS) and the provision of research neiworking through our work in hosting and supporting the
bi-annual series of Global Symposium conferences.
MF are supporting ketogenic diet related research studies in a PPI 'Patient and public involvemenf
capacity. namely CORE-KDT and Ketostart. both are ongoing.

Matthews Friends Charity
Trustees. Annual Report (continued)
Year ended 31 March 2024
Financial review
The financial statements are set out on pages 11 to 22. The financial statements have been prepared
implementing the Statement of recommended Practi￿ for Accounting and Reporting by Charities (FRS
102) issued by the Charities Commission for England and Wales. As ststed in the introduction to this
report, the trustees consider the financial perfomiance by the tharity during the year to have been
satisfactory.
The principal sources of funding are through voluntsry donations and this income stream continues to
grow as the charity becomes more well known. In addition. income continues to be generated through
organised fundraising events which ensures we have sufficient resources to meet our charitable
objectives.
Forthe yearended 31st March 2024. the charivs accounts showed net outgoing resources of £116.863
(2023: outgoing resources £35,978) and charity reserves of £397,623 (2023.. £514,486).
Policies on Reserves
In accordance with Ch8rity Commission guidance. the Trustees regulaty monitor and annually review
the adequacy of the charity's reserves and the reserves policy.
The trustees have forecast th818V81 of income for 2024125 at £150.000 gross and £110.000 net before
expenditure on charitable activities. This takes into account the positive impact on being able to once
again hold organised events whilst being mindful of the risk of reduced voluntsry donations..
The charity's reserves policy is to hold back sufficient funds to cover committed grants. the fixed charity
running costs, salarylfreelance costs for 12 months and any essential variable costs necessary for
healthy grovrth of the charity. which equates to £40,000 (2023: £40.000). All reserves over and above
this retained amount are designated to charitsble activities on an annual basis. The trustees do not
consider a reserve fund is necessary to cover the cost of event organisation as historically charity ru n
events have covered such costs and resulted in profft. Such events would not take place if a loss was
anticipated.
Grant Maklng Pollcy
Once a year at the AGM, trustees decide the main focus of the charities grant making activities for the
coming year, in line with the main charity 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
dr2wn up 2nd 2wardg are made. Requests forfunding 9re 2120 r@c@ivÈd from third p2rti@s 2nd th@se 2r8
considered on a case by case basis and approved subject to fulfilling charitable objectives and available
resources.
Matthew's Friends Clinics Ltd is an independent limf(ed company and owned jointly by the directors
Emma Williams and Julie Fountain. therefore any requests for grant funding from Matthew's Friends
Clinics Ltd are considered solely by the independent trustees. Matthews Friends Clinics closed its
clinical operation and now concentrates on the expansion of its educational programmes. Emma
Williams resigned as Director 31st July 2023.

Matthews Friends Charity
Trustees. Annual Report (continued)
Year ended 31 March 2024
Flnancial review (wrtlnued)
Incomlng Resources
Fundraising is still proving challenging, especially during a cost-of-living crisis. We are always extremely
grateful to all those that donated during this time through Fa￿book and those who managed to fundraise
by way of marathons and other activities. We are also grateful to have re￿iVed generous grants from
our long-temi supporters.. The Sydney and Phyllis Goldburg Trust and The Ellerdale Trust. During 2023
Shenise Parker from Footprint did a paragliding challenge over the south coast. We also had runners
in the Southampton Marathon, London Marathon and Royal Parks. Our designer Andy from Aceym
Design took on the National 3 Peaks Challenge. The Oxted Pram Ra￿ also supported us with a share
of money raised from their annual event. as well as continued support from the Oxted Charity Dart
League.
We continue to raise funds through approprbate website sponsorship. through the sale of advertisements
in our newsletters and by the sale of merchandisa via our Matthevls Friends online shop.
We hope to continue fundraising next year via a number of fundraising and sponsorship activates
8llowing us to support families in need, enabling us to achieve our own charitsble objecttves.
Outgoing Resources
Costs have been incurred in order to fundraise as well as through provision of confarences and meetings
to facilitate education and training in the Ketogenic Diet.
Expenditure has been incurred through funding of Ketocollege educational activrties at Matthews
Friends Clinics Ltd.
Plans for future perlods
We plan to continue fvndrdising next year through a number of fundraising and sponsorship activities.
We will use funds raised to enable us to achieve our own charitable objectives.
We plan to continue attending and speaking at conferences in the UK and beyond for medical
professionals, dietitians, patients and specia5 intsrest groups raising awareness of Ketogenic Therapies.
We intend to continue to support Kat￿eniC Diet centres around the UK to allow them to support mor8
patients on the Ketogenic Diet and by provision of our free resources, infonnatÉonal brochures, stsrter
packs and reciDes.
We plan to continue working with NHS centres to increase their Serrfl￿s by way of education, training
and supporting their business plan applications to Clinical Commissioning Group's and consider funding
new ketogenic centres for adults and children where appropriate.
Matthew's Friends intend to conb'nue support of the Global Symposium series of meetings with the 9th
to be held in Paris in September 2025.
We continue to be the only UK charity 100 % dedicated to medical Ketogenic Dietsry Therapies and the
support of families and health care professionals who are working with or using this treatment.

Matthews Friends Charity
Trustees. Annual Report (contlnuedj
Year ended 31 March 2024
The trustees, annual report was approved on 23 January 2025 and signed on behalf of the board of
trustees by".
Mrs J Fountsin
Trustee
Mr R Aldrtdge
Trustee

Matthews Friends Charity
Independent Examinerfs Report to the Trustees of Matthews Friends Charity
Year ended 31 March 2024
I report to the trustees on my examination of the financial statements of Matthews Friends Charity ('the
charity) for the year ended 31 March 2024.
Responsibilities and basis of report
As the trustees of the charty you are responsible for the preparation of the financial statements in
accordance with the requirements of the Charities Act 2011 ('the Act.).
I report in respect of my examination of the chariVs financial statements carried out under section 145
of the 2011 Act and in carying out my examination I have followed all the applicable Directions given
by the Charity Commission under section 145(5)(b) of the Act.
Independent examinerfs statement
I have completed my examination. I confimi that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the charity as required by section 130 of the
the financial statements do not accord with those records" or
the financial statements do not comply with the applicable requirements conceming the form
and content of accounts set out in the Charities (Accounts and R8POrts) Regulations 2008
other than any requirement that the accounts give a 'true and fairf 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 understanding of the accounts to ba
reached.
Mrs A Maguire
FCA
Independent Examiner
10 Clovelly Avenue
Warlingham
Surrey
CR6 9HZ
10

Matthews Friends Charity
Statement of Financial Activities
Year ended 31 March 2024
2024
Unrestricted
funds Totsl funds Total funds
2023
Income and endowments
Donations and legacies
Charitable activities
Other trading activities
Investment income
63.582
26.591
665
6.547
63,582
26,591
665
6.547
131,690
607
1,625
Total income
97.385
97,385
133,922
Expenditure
Expenditure on raising funds:
Costs of raising donations and legacies
Costs of other trading activities
Investment management costs
Expenditure on charitable activities
Total expendFture
(10,871)
(10.871)
{9.090)
(29,824)
(29,824)
(26,692)
(324)
{324)
(213)
{173,229) (173.229) (133.905)
(214.248) (214,248) (169,900)
10
11.12
Net expenditure and net movement in funds
(116,863) {116,863)
(35.978)
Reconciliatlon of funds
Total funds brought forward
Total funds Carrled fO￿ard
514.486
514,486
397,623
550,464
397,623
514,486
The statement of financial activf(ies indudes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 14 to 22 form part of these financial statements.
11

Matthews Friends Charity
ststement of Financial Position
31 March 2024
2024
2023
Fixed assets
Tangible fixed assets
17
44
Current assets
Debtors
Cash at bank and in hand
18
60.192
356,115
416,307
28,531
494,227
522,758
Creditors: amounts falling due within one year
Net current assets
19
18.684
8,316
397,623
397.623
514,442
Total assets less current liabilitles
514,486
514,486
Net assets
397,623
Funds of the charity
Unrestricted funds
397,623
514,486
514,486
Total charity funds
397,623
These financial statements were approved by the board of trustees and authorised for issue on 23
January 2025, and are signed on behalf of the board by..
Mrs J Fountsin
Trustee
Mr R Aldridge
Trustee
The notss on pages 14 to 22 forni part of these financial statements.
12

Matthews Friends Charity
Statement of Cash Flows
Year ended 31 March 2024
2024
2023
Cash flows from operating activities
Net expenditure
(116,863)
(35,978)
Adjustments for
Depreciation of tangible fixed assets
Other interest receivable and similar income
Accrued income
45
(1 ,625)
(8,479)
(6,547)
Changes in..
Trade and other debtors
Trade and other creditors
(31.661)
10,368
5,905
6.550
Cash genarated from operations
(144,659)
(33,582)
Interest received
Net cash used in operating activiti8S
6.547
1.625
(138,112)
(31,957)
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at ond of year
(138,112)
494,227
356.115
(31.957)
526,184
494.227
The notes on pages 14 to 22 fomi part of these financial statements.
13

Matthews Friends Charity
Notes to the Financial Statements
Year ended 31 March 2024
Géneral inforniation
The charity is a public benefit entity and a registered charity in England and Wales and is
unincorporated. The address of the principal office is St Piers Lane, Lingfield. Surrey, RH7 6PW.
Statemenl of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP (FRS 1021) and the Charities Act 2011.
Accountlng policies
Basls of preparation
The unaudited financial statements have be8n prepar8d on the historical cost basis, as modified
by the revaluation of certain financial assets and liabilitl8s and investment properties measured at
fair value through income or expenditure.
The unaudited financial statements are prepared in sterling, which is the functional currency of the
entity.
Matthews Friends meets the definition of a public benefft entity under FRS 102.
Golng concern
There are no material Un￿rtaIntieS about the charity's abilty to continue.
D8btors
other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid after taking account of any trade discounts due.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short tem highly liquid investments with a short
maturity of three months or less from the dats of acquisition or opening of the deposit or similar
account.
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from
a past event that will probably result in the transfer of funds to a third party and the amount due to
settle the obligation can be measured or estimated reliably. Creditors and provisions are normally
recognised at their settlement amount afler allowing for any trade discounts due.
14

Matthews Friends Charity
Notes to the Financial Statements (continued)
Year ended 31 March 2024
Judgements and key sources of èstimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates
and assumptions that affect the amounts reported. These estimates and judgements are
continually reviewed and are based on experien￿ and other factors. induding expectations of
future events that are believed to be reasonable under the circumstan￿S.
There are no significant areas requiring material judgements. estimates or assumptions.
Taxation
Th8 charity is 8xempt from tax on income and gains to the extent that these are applied to its
charitable objectives.
Pension costs
Contributions to defined contribution plans are recognised as an expense in the period in which
the related servic8 is provided. Differences between contributions payable in the year and the
contribub'ons actually paid ar8 shown as either accruals or prepayments on the balan￿ sheet.
Fund accountlng
Unrestricted funds ar9 available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds eamarked by the trustees for particular futur8 project or
commitment.
Restricted funds are subjected to restrictions on their expenditure dedared by the donor or through
the terms of an appeal. and fall into one of iwo sub-classes: restricted income funds or endowment
funds.
15

Matthews Friends Charity
Notes to the Financial Statements {￿ntInued)
Year ended 31 March 2024
Accountlng policiès (¢ondnuad)
Incoming resourcés
Income is accounted for when the charity has entitlement to the funds. receipt is probable, and the
amount is measurable. Where income is received in advance of an event it is deferred until the
charity, is entitled to the income.
Income from donations and grants is included in income when these are receivable. When donors
impose conditions. which have to be fulfilled before the charity becomes entttled to use such
income, the income is defa￿ed and not included in income until the pre-conditions for use have
b88n met. Interest is included when receivable by the charity.
Resources expended
Expendtture is recognised on an accruals basis as a liability is incu￿ed. Expenditure includes 8ny
VAT which cannot be fully recovered. and is reported as part of the expenditure to which it relates..
Costs of raising funds cornprise the costs associated wth attracting donations, grants and
legacies and the costs of trading for fundraising purposes.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its
activities and services for its beneficiaries. It includes both costs that can be allocated directly
to such activities and those costs of an indirect nature necessary to support them.
All costs are allocated between the expendtture categories of the SOFA on a basis designed
to reflect the use of the resour￿. Costs relating to a particular activity are allocated directly.
others are apportioned on an appropriate basis. as set out in the notes to the accounts.
Tangible assets
Tangible assets are initially recorded at cost. and subsequently stated at cost less any accumulated
depreciation and impairment losses.
Depreciatlon
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value,
over the useful economic lffe of thal asbel as follows:
Fixtures & Fittings
Equipment
20 % straight line
50 % straight line
Impairment of fixed assets
A review for indicators of impairynent is carried out at each reporting date. wtth the recoverable
amount being estimated where such indicators exist. Ilvhere the carying value exceeds the
recoverable amount. the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
16

Matthews Friends Charity
Notes to the Financial Statements (¢ontlnued)
Year ended 31 March 2024
Accounting policies (CL￿tInU8dj
Impairment of fixed assets (contlnued)
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount
of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit
to which the asset belongs. The cash4Jenerating unit is the smallest identtfiable 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 impairment testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating units that are expected to benefit from
the synergies of the combination, irrespective of whether other assets or liabiltties of the charity
are assigned to those units.
Financial instruments
A financial asset or a financral liability is recognised only when the charity becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subsequently measur8d at the cash or other consideration
expected to be paid or re￿iVed and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or Iheir fair value can otherwise be measured
reliably, the investment is subsequent]y measured at fair value with changes in fair value
recognised in income and expenditure. All other such investrnents are subsequently measured at
cost less impaiment.
Other financial instruments, induding derivatives. are initially recognised at fair value. unless
payment for an asset is defe￿ed beyond nornal business terms or financed at a rate of interest
that is not a market rate. in which case the asset is measured at the prasent value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequentEy measured at fairvalue, with any changes recognised
in the statement of financial activities. with the exception of hedging instruments in a designated
hedging relationship.
FinanGiaS assets that are measured at cost or amortised cost are reviewed for objective evidence
of impainnent at the end of each reporting date. If there is objective eviden￿ of impairment. an
impairment loss is recognised under the appropriate heading in the statement of financial activities
in which the initial gain was recognised.
For all equty instruments regardless of significance. and other financial assets that are individually
significant. these are assessed individually for impaimient. Other financial assets are either
assessed individually or grouped on the basis of similar credit risk characterisb'cs.
Any reversals of impaimient are recognised imtnediately. to the extent that the reversal does not
result in a carying amount of the financial asset that eX￿edS what the carrying amount would
have been had the impaimient not previously been recognised.
17

Matthews Friends Charity
Notes to the Financial Statements {conthJued)
Year ended 31 March 2024
Donations and legacias
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Donations
Donations. Just Giving & Private
Fundraisers
63.582
63.582
131.690
131,690
Charitable actlvities
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
conferen￿ Sponsorship & Delegate
Incom8
26.591
26,591
Other trading activlties
Unrestrict8d Total Funds Unr8Stricted Total Funds
Funds
2024
Funds
2023
Merchandise Income
Buy At & Easy fundraising
665
665
231
376
231
376
665
607
607
Investment income
Unrestricled Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Bank interest receNable
6.547
6.547
1,625
1.625
Costs of ralslng donatlons and legacles
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Advertising & Promotion
Print, Postage & Stationary
Computer & Phone
6.565
1,189
3.117
6.565
1.189
3.117
5,193
640
3,257
5,193
640
3.257
10,871
10,871
9,090
9,090
18

Matthews Friends Charity
Notes to the Financial Statements (¢ontlnu8d)
Year ended 31 March 2024
Costs of other trading activities
Unrestricted Totsl Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Organised Events Costs
Merchandise Costs
Administration Costs
4,942
953
23,929
4,942
953
23,929
3,999
2,794
19.899
3,999
2,794
19,899
29,824
29,824
26.692
26,692
10. Investment management costs
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Bank Charges
324
324
213
213
11. Expenditure on charitable activitios by fund type
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Webswte & Helpline Phone
Travel Costs
Administration Costs
Conferences & Education
Chef & Recipe Funding
other Grants Made (See note 13)
Keto Starter Packs
Support costs
12,466
7,008
25,713
36.133
12.466
7,008
25,713
36,133
13,086
6.368
14.368
17,239
1,584
72,042
6.762
2,456
13.086
6,368
14.368
17,239
1,584
72.042
6,762
2.456
80.938
8,472
2,499
80,938
8,472
2,499
173,229
173.229
133,905
133,905
12. Expenditure on charltable activitles by actlvlty type
Activities
undertakèn
direcdy
Support Total funds
costs
2024
Total fund
2023
Website & Helpline Phone
Travel Costs
Administration Costs
Conferences & Education
Chef & Recipe Funding
Other Grants Made (See note 13)
Keto Starter Packs
Support costs
12.466
7.008
25.713
36,133
12,466
7,008
25,713
36,133
13,086
6.368
14,368
17,239
1,584
72,042
6.762
2.456
80,938
8.472
80,938
8,472
2.499
2,499
170.730
2.499
173.229
133,905
19

Matthews Friends Charity
Notes to the Flnancial Statements (contlnued)
Year ended 31 March 2024
13. Analysis of grants
2024
2023
Grants to Institutions
MF Clinics Patient Treatment
Sheffield Teaching Hospital - Dietician
MF South Africa
Ketocollege UK Symposium - Matthews Frkends Clinics
KDRN - Ketogenic Diet Research Network
INKS - International Neurological Ketogenic Society
Global Symposium on Ketogenic Therapies
5,155
17.791
1.000
19,500
13,984
14,612
5,889
42,043
1,697
10,388
20,921
80,938
80.938
72,042
Total grants
72,042
14. Net expenditure
Net 8xpenditure is stated after chargingl{crediting):
2024
2023
Depreciation of tangible fixed assets
45
15. Staff costs
The total staff costs and employee baneffts for the reporting period are analysed as follows:
The average head count of employees during the year was 2 (2023". 2). The average number of
full-time equivalent employees during the year is analysed as follows:
2024
2023
No.
No.
Number of staff
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
16. Trustee remuneration and expenses
The trustees received no remuneration during the current or prior year.
During the year, the trustees re￿iVed the following re-imbursements of out-of-pocket expenses in
relation to travel. accommodation and telephonelintemet.
Mrs Julie Fountain £55 (2023: £50)
Mrs Emma Williams £279 (2023: £1.074)
20

Matthews Friends Charity
Notes to the Financial Statements (conllnu8d)
Year ended 31 March 2024
17. Tanglble fixed assets
Fixtures and
frttings
Equipment
Total
Cost
At 1 April 2023 and 31 March 2024
Depreciation
At 1 April 2023
Charga for the year
At 31 March 2024
1,028
4,745
5,773
4.745
5,729
1,028
4.745
5.773
Carrying amount
At 31 March 2024
At 31 March 2023
44
18. Debtors
2024
2023
Prepayments and accrued income
other debtors
5,070
55,122
28,531
60,192
28,531
19. Creditors: amounts falling due wlthln one year
2024
2023
Trade creditors
Accruals and deferred income
Other creditors
11,756
1,646
5.282
6,670
1,646
18,684
8,316
20. Analysls of charitsble funds
Unrestricted funds
At
31 March 20
24
At
1 April 2023
Income Expenditure
General fvnds
514.486
97.385
(214.248)
397,623
At
31 March 20
23
At
1 April 2022
Income Expendtture
General funds
550.464
133.922
(169,900)
514,486
21

Matthews Friends Charity
Notes to the Financial Statements (continued)
Year ended 31 March 2024
21. Analysls of net assats between funds
Unrestricted Total Funds
Funds
2024
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
416,307
(18,684)
397,623
416,307
(18,684)
397,623
Unrestricted Total Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors less th8n 1 year
44
522,758
(8,316)
514.486
522.758
(8,316)
514,486
Net assets
22. Analysis of changes in net debt
At
At 1 Apr 2023 Cash flows 31 Mar 2024
Cash at bank and in hand
494,227
(138.112)
356,115
23. Related partles
During the year, Matthews Friends Charity made educational grants lotalling £42.043 to Matthews
Friends Clinics (2023: £19.500). mattheY￿ Friends clinics is owned and controlled by Mrs Julie
Fountain who is also a charity trustee.
During the year Matthews Friends charty provided support seniices and premises hire to Matthews
Friends Clinics of £42,998 {2023: £31,646). The total amount owed to Matthews Friends Charity
at the year end was £55,121 (2023: £31.646).
During the prior year. Matthews Friends Charity Sponsored a number of patient¥ to commence
Ketogenic Diet Therapy through Matthews Friends Clinics Ltd. however this charitable expenditure
has now ceased (2023: £5,155).
During the year Matthews Friends Charity received Ketogenic Cookery Services and used the
facilities of Maureen Benn and Benn Bros who are related to the trustee Mrs Julie Fountain. The
total invoiced for these services during the year was £1,815 (2023: £1,464).
No further transactions with related parties were undertaken such as are required to be disclosed
under the provisions of FRS 102 Section 1A. The Financial Reporting Standard applicable in the
UK and the Republic of Ireland,.
24. Independent examination fees
The Independent examination was undertaken pro bono at no cost to the charrty (2023: £nil).
22