CHARITY REGISTRATION NUMBER: 1108016 Matthews Friends Charity Unaudited Financial Statements 31 March 2025
Matthews Friends Charity Financial Statements Year ended 31 March 2025 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 2025 The trustees present their report and the unaudited financial statements of the charty for the year ended 31 March 2025. Reference and administrative details Registered charity name Matthews Friends Charity Charity registratlon number 1108016 Princlpal office @ Young Epilepsy St Piers Lane Lingfield Surrey The trustees Mrs J Fountsin Mrs V Aldridge Mr R Aldridge Independent examiner Mrs A Maguire FCA 10 Clovelty Avenue Wadingham Surrey CR6 9HZ Structure, governance and management Nature of the Governing Document and constituts.on of the charlty Matthews Friends is registered as a charty with the Charity Commission and is constituted 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 to objectives of the charity to reflect the wider application of the Ketogenic Diet to all people with known complex and intractable epilepsy and the specific neurometabolic disorder GLUT1 deficiency syndrome. As this change included an amendment to the stated objectives of the charity. prior permission for the change was granted by the Charity Commission. The organisatlonal structure of the charity and how decisions are made The board of trustees consisted of 3 individuals at 31 st March 2025. The minimum number of trustees is 3 and the maximum number of twstees is 7. All policy decisions are made by the Board by majority vote. In addttion, 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.
Matthews Friends Charity Trustses. Annual Report (conbnu8dJ Year ended 31 March 2025 structurn, governance and managemant (condnued) The methods adoptod for the recrultmgn( appointmen( Inductlon and training of new trustees The appointrnent of Trustees is govemed by the Declaration of Trust dated 25th October 2004 which established the Charity ('Yhe Trust Deed") and subsequent supplementsl deeds. Subject to the usual qualifications regarding mental capacty and the requirement that a Trustee must act in the best interests of the Charity at all times, the Trust Deed provides that founding Trustees shall be entitled to hold office for lrfe 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 resolub'on of the Trustees. Potential trustees make it known to the board that they are interested in becoming a twstee, or they are approached by an existing Trustee. - They are invited to attend a meeting to discuss the benefits they can bring to the chanty. - Existing trustees vote on whether the candEdate is suitable. - If the candidate is suitable. they are offered a position. - The candidate then decides whether they will accept the position. - Once accepted, the trustee is gtven promotional literature about the charty 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 questTrons and are given infOnatiOn about their obligations as trustees of the charity. Conflict of Interest Trustees are required to advise the other trustees where they have any personal interest in any activity or transaction of the charity and exclude themselves from any related discussions or voting. Risk Management The trustees have conducted a review of the major risks to which the charity is exposed. Where appropriato. systèms or procedures have beèn Èst2blished to mitigste 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 implementalion of procedures for authorisation of all transactions and projects. All procedures are periodically reviewed to ensure that they continue to meet the needs of the charity.
Matthews Friends Charity Trustees. Annual Report (confrnued) Year ended 31 March 2025 Objectlves and activities The objectives and main activities of the Charity are expressed in the Trust Deed and are 'Yhe general purposes of such charitable bodies or for such other purposes as shall be exclusively charitsble as Ihe Trustees may from time to time decide" As noted the Trust Deed was amended subsequent to the year end to reflect the wider application of the ketogenic dtet 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 syndrome, by providing.. - Infomiation and advice on the Ketogenic Diet (an altemative treatment to medication), and support for patientslparentslcarers On on the diet and - Any charitable means which the trustees decide including.. 8) To publicise Ketogenic Dretsry Therapies and make them more available to all those who should need it, be it child or adulL b) Together with our medical board, give parents and patients an infomied choice al)out the Ketogenic Diet and to source and provide the latest infomiation available. c) To support families and patients through their dietsry therapy. d) To support professionals in their administration of dietary therapies by way of literature, ketogenic stsrter packs and files, educab'onal conferen$ and training meets.ngs and provide funding, where possible. e) To support Research projects into the efficacy of these dietary treatrnents for use in Epilepsy and other conditions, working with medical professionals to ensure our infomiation is safe. relevant and current. Public Benefrt that is provided by the chartty 1. To support families on medical ketogenic dietary therapies. 2. To fund professional training so that specialised doctors, dietitians and nurses can give patients the bo¢t Ca and •xporti¢•. 3. To educate and raise awareness of medical ketogenic dietary therapies to the public and medical communty to increase recognition of this treatrnenL 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 hospitsls where possible. to increase ketogenic services throughout the UK and Ireland.
Matthews Friends Charity Trustses. Annual Report (¢onlinuedJ Year ended 31 March 2025 Financlal review {contInu Contribution of volunteers The charity relies on voluntary help to host fundraising events, conferences and infomiats.on days, as well as preparing and packing information and starter paths for families. Around 5 volunteers regularly assist the charty with these tasks. Strategic Report The following section for achievements. performan and financial rewew form the strategic report of the charty. Achievomonts and perfomiance Each year we review and revise accordingly all our printed resources to make sure infonnation is up to date. All 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 Ketogenic Dief has been very successful, having been placed on both the Matthevls Friends Website and on our YouTube channel. We have also produced 5 foreign language subtitled versions in Dutch, Lithuanian. Croatian. Georgian & Romanian. We also have 16 foreign language versions of our wrrtten '1 Am Going on a Ketogenic Diet, booklet.. Arabic, Croatian, Dutch, French, Georgian, German, Italian, LFthuanian, Polish, Portuguese, Romanian, Slovakian, Spanish, Ukrainian, Russian & Farsi, with more planned in the future. These are all freely available to patients, families and professionab who require them. Our website continues to provide valuable infomiation on the Ketogenic Diet. We also have a busy Facebook page. together with Instagram and Twitter, giving much needed social media 5UPPOrt 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 together within our Facebook forum. These are held weekly and we have scheduled professional guests pr&sent on specific subjects for the families as well as cooking tutorials from keto chefs. The Matthew'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 650+ m8mbers who enjoy not onty the mutual support given, but the Keto disojssions and tneal in8pirations. A quarterly Ketogenic Therapies newsletter is produced, featuring Keto articles, recipes, news & events. The recipe seth.on on ourwebsite continues to grow. We continue to post new'tried and tested, recipes, giving a comprehensive range of different recipes which can be adjusted to a patienys own prescription. Our Keto Cook also supports those faMilS requiring spectfic meals, creating bespoke recipes to families who are parb"cularty struggling or who need addttional help in recipe adjustments. Free stsrter packs and other useful items are provided to UK mainland keto families that are new to the diet. These can be requested via ketogenic dietitians or online via the charity website. More than 250 useful packs, that include digital scales, were sent during this period. We hold 6-montly meetings of our Medical Advisory Board. An opportunty for professional discussions, gaining insights and advice, working collaboratively on relevant projects and producing Ketogenic Diet materials for families and heatth professionals. ConsolKlating an effective team approach for the running of the charty.
Matthews Friends Charity Trustees. Annual Report (wntsnued) Year ended 31 March 2025 Financlal revlew (condnugd) During this period the Trustees resolved to provide funding for a new pilot paediatric ketogenic service at Chelsea & Westminster NHS Twsc London in support of a Ketogenic Dietitian position. A commitment that had previous been made prior to the Covid pandemic and posty)oned on request of the Trust. Funding commenced Q1 of 2025 for a period of 2 years. Funding for a Dietetic Assistant post was also provided to UCL The National Hospital for Neurology and Neurosurgery, commencing November 2024 for a period of 5 months, in support of their adult ketogenic diet service. We fund a mults'_platfom 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 prÉnted for families which is vieWed annually. and we have also produced and filmed 'easy to use, tutorials for the EKM platFomi. This is updated regularly across the platfoms and proves to be an extremety useful tool for those on a ketogenic diet. A more extensive update across all platfomis is planned for the end of 2025. We have worked on numerous projects with the KDRN, most recenty on producing an information for school's booklet and continue to work on an LGIT booklet projecL Matthew's Friends erther had a Matthew's Friends Ketogenic Therapies infomiation stand or attended a number of conferences during this period, including the ESNA meeting in Milton Keynes held during June 2024, both Julie and Val wentto Rome forthe ILAEECE conference in September 2024, the KDRN and Nutricia Keto conferences both held in London during October 2024.Also during October they travelled to Liverpool for the ILAE British Chapter meeting, and to Manchester attending a K.Vita event in in November. January 2025 started wtth the BPNA conference in Oxford and the Young Epilepsy research retreat near Gal¢k. Attending levant meetings is a key aspect of our work in advocating for Ketogenic Therapies. Matthew's Friends are members of RET (Rare Epilepsies Together) group and the Neurological Alliance and are associate members of the new CREA (Complex Rare Epilepsy Alliance) launching in the Summer of 2025, focussed on improving the lives of people with rare epilepsy across Europe. Matthew's Friends are proud to be founding patrons of the International Neurological Ketogenic Society (INKS) and we currently provide a Treasurer and Secretariat for the group. Three of our Trustees ar8 heavily involved in this group, providing input to the mMitteeS within this organisation.
Matthews Friends Charity Trustees. Annual Report (ColnUed) Year ended 31 March 2025 Financlal revlew (conllnuod) Training Our Ketocollege online tutorials for medical professionals continue to be available and are proving especially beneficial for those professionals in resource limited areas of the world as well as community professionals here in the UK. We supported the annual Ketocollege programme during May 2024. This was the 2nd Ketocollege ADVANCE meeting for existing Keto teams. The event was well attended by over 138 attendees from 17 countries. The meeting also featured an Advance Plus Day on day three, gsving Ketocollege Mentors the opportunity to expand the programme to include more time on subjects requested by delegates, a5 a direGt result of feedback from 2023. Support for Ketocollege webinars is provided as a key feature of our support for free educational resources for health professionals and families. A new webinar is planned for later in 2025 on Managing Ketogenic Therapies in a Multi-carer setting. Research We continue to plan with and support inttiatives from the Ketogenic DietFtians Research Nefvrfork (KDRN), as well as facilttating research through our supp)rt of the Intsmats'onal Neurological Ketogenic Society (INKS). MF are supporting ketogenic diet related research studies in a PPI 'Patient and public involvement. capacity, namely CORE-KDT and Ketostart. both are ongoing. Financial revlew The financial statements are set out on pages 11 to 22. The financial ststements have been prepared implementing the Statement of recommended Practice 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 consKJer the financial perfomiance by the charity during the year to have been satisfactory. The principal sources of funding are through voluntary donations and this income stream continues to grow as the charity becomes more well known. In addttion. income continues to be generated through organised fundraising events which ensures we have sufficient resources to meet our charitable objectives. For the year ended 31 st March 2025, the charity's acwunts showed net outgoing resoufGes of £92,271 (2024.. outgoing resources £116,863) and charity reserves of £305,352 (2024.. £397.623). Policies on Reserves In accordance with Charty Commission guidance, the Trustees regulaty monitor and annualty review the adequacy of the charity's reserves and the reserves policy. The trustees have forecast the level of income for 2025126 at £60.000 gross and £50,000 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 voluntary donations. The charitys 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 charty. which equates to £40,000 (2024: £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 profit. Such events would not take place rf a loss was anticipated.
Matthews Friends Charity Trustees. Annual Report (conrfnue Year ended 31 March 2025 Flnancial review (cOntIn(} Grant Making Policy Once a year at the AGM. trustees decide the main focus of the charities grant making activÉties for the coming year. in line with the main charity aims and objecttves. The CEO and relevant staff then engage directly with organisations that may be able to fulfil those objectNes and once satisfied, contracts arè drawn up and awards are made. Requests for funding are also recerved from third parties and these are considered on a case by case basis and approved subject to fulfilling charitable objectives and available resources. Matthew's Friends Clinics Ltd (re-named Ketocollege Ltd in the year) is an independent limited company owned by Julie Fountain. therefore any requests for grant funding from this company are considered solely by the independent trustees. Matthe%¢s Friends Clinics Ltd closed its clinical operation in 2021 and now concentrates on the expansion of its educational prograrnmes hence the change in name. Incoming Resources Fundraising is still proving challenging. especially during a cost-of4Ning crisis. We are ahvays extremely grateful to all those that donated during this time through Facebo)k and those who managed to fundraise by way of marathons and other activits'es. We are also grateful to hale received generous grants from our long-temi supporters: The Sydney and Phyllis Goklburg Trust and The Ellerdale Tnjst. During 2024 Shenise Parker from Footprint did a paragliding challenge over the south coast. In April 2024 Greg Aldridge. Trustees Val and Richard's son, completed the Brighton marathon together with his cousin Lewis and Pamela Mccall completed a Kiltwalk in Scotland. Laura Timperley completed the Bristol 1A marathon in May, brothers Neil and Dave Gyte took part in the Loch Lomond with Zero Calories (only water and electrolytes) swim in September. The Oxted Pram Race also supported us with a share of money raised from their annual event. as well as continued support from the Oxted Charity Dart League. Trustees Richard and Val Aldridge opted for a three month no alcohol challenge, with three months being the 'trial' period for a Ketogenic Dietary Therapy. Purple Day on 26th March 2025 saw Vitaflo host purple activities for fundraising. We continue to raise funds through appropriate website sponsorship, through the sale of advertisements in our newsletters and by the sale of merchandise via our Matthevls Friends online shop. We hope to continue fundraising next year w8 a number of fundraising and sponsorship activates allowing us to support families in need. enabling us to achieve our own charitable objectives. Outgolng Resources Costs have been incurred in order to fundraise as well as through provision of conferences and meetings to facilitate education and training in the Ketogenic DieL Expenditure has been inCued through funding of Ketocollege educational acts"vities at Matthews Friends Clinics Ltd.
Matthews Friends Charity Tntstees. Annual Report Year ended 31 March 2025 Plans for fuiure perf4xIs We Flan to CfTrtinue furKlraisYy next thr a r¥Jnber of funtraising aThd spOr5hP activiti95. We will use funds r8ised to enable us to achieve r (y•m ctRritable obi&Trv83. We plan to continue atteI1J and spng at confrn in UK beyond for madical professionals, dietrtians, Pr8nts speoal Itt8rt grws raisirwJ awarwE$8 of KetowicThwapi8S. We intend to continue to suppyt K8tOgen Ot L8tr88 wourkd the UK to all(yw to SLPWrt More patients on the Ketogentc Dret aryj by provision of cw free resolT5, infomaional Ix0che$, stwter packs and recipes. We plan to cttInUe working with NHS ¢re$ to infxease thw'r Servi by way of educatb)n, training and supming their business plan aFylications to Clinic81 Ci)mmissioning Group's aTrJ considerfunding n8w ketogenic centres for adults and thildm where appropriate. with a partiwlar view to supporting improv8nt oftransition servt(x ar kyovtsion ofketC•3C Swrfls ts adultswith r8fr• épilepsy. Matthews Friends intend to ofthe Ghjbal Symposium on Ketowic Therae5 and will attend the 9th Symposium to b8 held Paris r) Septanber 2025, Vrte cw CEO Julie Fourdain serves on Organising Committe&. We continuo tr) be the only UK cttarity 100% dedicated to medical Ketooenic Dietary Therapies and thè pp of families and health care Profes1$ who are TKxking wth or ustrYJ this treatm8nt. Th8 trustees, 8Mual rèpcAt was approved on 10 January 2026 sn8d on bthalf of the board of trustees by. Mrs J Fountain Trustee Mr R Aklridge Trttee
Matthews Friends Charity Independent Examinerfs Report to the Trustees of Matthews Friends Charity Year ended 31 March 2025 I report to the trustees on my examination of the financial statements of Mathews Friends Charity ('the charity,) for the year ended 31 March 2025. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordants with the requirements of the Charities Act 2011 ('the Acr). I report in respect of my examination of the charity's financial ststements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charty Commission under section 145(5){b) of the ACL Independent examinerfs ststement I have completed my examination. I confimi that no material matters have come to my attenkn'on in connection with the examinakn'on gNing me cause to believe that in any material respect: accounting records were not kept in respect of the chartty as required by section 130 of the Act., or the financial statements do not accord with those records", or the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection wtth the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mrs A Maguire FCA Independent Examiner 10 Clovelly Avenue Warlingham Surrey CR6 9HZ
Matthews Friends Charity ststement of Financial Actlvities Year ended 31 March 2025 2025 Unrestricted funds Total funds Total funds 2024 Note Income and endowments Donations and legacies Charitable activities Other trading activities Investment income 60,959 60.959 63,582 26,591 665 6,547 1,245 6.097 1,245 6,097 Total Income 68,301 68,301 97,385 Expenditure Expenditure on raising funds.. Costs of raising donations and legacies Costs of other trading activities Invesbment management Costs Expenditure on charitable activities Total expenditure (8.582) (8,582) (10,871) (12,639) (12,639) {29,824) (199) (199> (324) (139,152) (139,152) {173,229) (160,572) (160,572) {214,248) 10 11,12 Net expendituro and net movement in funds {92.271) {92,271) (116,863) Reconciliation of fund8 Total funds brought forward Total funds carried forward 397,623 397,623 514,486 305.352 305.352 397,623 The statement of financial actrvities indudes all gains and losses recognised in the year. All income and expenditure derive from continuing activtties. The notes on pages 13 to 21 forni part of these financial statements. 10
Matthews Friends Charity Statsment of Financial Position 31 March 2025 2026 2024 Current assets Debtors Cash at bank and in hand 18 PJO.192 358,115 416,307 Creditor8" nnts f*llng within one y Net current ass 19 18.684 305.352 305.352 305.352 397.623 397,623 397,623 Total assets less cuThent Ilabilities Not assets Funds of the charfty Unrestri¢Xed funds 305.352 305,352 397,623 397,623 Total ¢harfty fvnds Thes8 financial statements were 4proved by the b)ard of trustees arKI this8d ts issue on 10 January 2026, and are signed on tehall of the board by: Mrs J Fountain Trustee Mr R Atdridge Tnjstee Thg notes on pages 13 to 21 fonn wt of these finkncl•l statemonts. 11
Matthews Friends CharFty statement of Cash Flows Year ended 31 March 2025 2025 2024 Cash flovrJ from operatlng activities Net expenditure {92.271) {116,863) Adjustments for. Depreciation of tangible fixed assets Other interest re1vable and similar income Accrued expenses 44 (6,547> (6,097) 354 Changes in." Trade and other debtors Trade and other creditors 60,192 (15.611) (53.433) (144.659) (31,881) 10,368 Cash generated from operattons Interest receivad 6,097 6,547 (47.336) (138,112) Net cash used in operating activtties Net decrease in cash and cash equlvalents Cash and cash equlvalents at beginning of year Cash and cash equivalents at end of year (47,336) (138,112) 356.115 494,227 308,T19 356,115 The notes on pages 13 to 21 forni part of these flnancial statements. 12
Matthews Friends Charity Notes to the Financial Statements Year ended 31 March 2025 General infomiation The charity is a public benefit entty and a ristered charity in England and Vvales and is unincorporated. The address of the principal Offi is St Piers Lane. Lingfield, Surrey, RH7 6PW. ststement 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 Ststement of Recommended Practice applicable to charities pparng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republtc of Ireland {FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. Accountlng policies Basis of preparatlon The unaudited financial ststements have been prepared on the histOTiC81 cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expendtture. The unaudited financial statements are prepared in sterling, which is the functional currency of the entity- Matthews Friends meets the definiti'on of a public benefrt entty under FRS 102. Going conc6m There are no materi81 uncertainties about the charity's ability to continue. Debtor8 Other debtors are recognised at the setuement 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 tenn highly liquid investments with a short maturity of three months or less from the date of a¢quisEtion or opening of the deposit or similar AccounL Credltors and provisions Creditors and provisions are recognised where the charity has a present obligation resuIng 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 nomially recognised at their settlement amount after allowing for any trade discounts due. 13
Matthews Friends Charity Notes to the Financial Statsments (¢onbnu8d) Year ended 31 March 2025 Debtor8 other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaKI 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 term highly liquid investments with a short maturty of three months or less from the date of acquisition or opening of the deposit or similar account. Credltors 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 esb'mated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Judgements and key sources of estlmation uncertainty The preparation of the financial ststements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are ontinually reviewed and are based on experience and other factors. including expectations of future events that are believed to be reasonable under th8 circumstances. There are no snifant areas requiring material judgements, estimates or assumptions. Taxatlon The charity is exempt from tsx on income and gains to the extent that these are applied to its charitsble objectives. Pension costs Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Dtfferences bebNeen contributions payable in the year and the contributions actually paid are shown as either accruals or prepayments on the balance sheet. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for parttcular future project or commitrnent. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub<lasses. restricted income funds or endowment funds. 14
Matthews Friends Charity Notes to the Financial Statsments (¢ontlnuqd) Year ended 31 March 2025 Accounting policies (¢onth¥ued) Incoming resources Income is accounted for when the charty has entrtlement to the funds, receipt is probable, and the amount is measurable. Vvhere income is recerved in advance of an event it is deferred until the charity is entitled to the income. Income from donations and grants is induded in income when these are receivable. When donors impose condrtions, which have to be fulfilled before the charrty becomes entrtled to use such income, the income is deferred and not included in income until the pre-conditions for use have been met. Interest is induded when receivable by the charity. Resources expended Expendtture is recognised on an accruals basis as a liabilty is incued. Expenditure indudes any VAT which cannot be fully recovered. and is reported as part of the expenditure to which it relates.. Costs of raising fvnds comprise the costs assockqted with 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 expenditure categories of the SOFA on a basis designed to reflect the use of the resource. 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 atcost, and subsequenty stated at cost less any accumulated depreciation and impairment losses. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, ovgr th• u#eful economie lif• of that agt a< fi)Ilowg'. Fixtures & Fittings Equipment 20% straight line 50% straight line Impaimient of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Ilthere the carying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairnents are also reviewed for possible reversal at each reF)Orting date. 15
Matthews Friends Charity Notes to the Financial Statements (contlnued) Year ended 31 March 2025 Accounting pollcles (wWnued) Impaimient of flxed assets (conènued) For the Purposes of impaiment 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 cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inllows that largety 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. irrespecttve of whether other assets or liabilities of the charity are assigned to those units. Financial instruments A financial asset or a financial liabilty is recognised only when the charty becomes a paty 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 measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cosL Im)e investments in shares are publicEy traded or their fair value can otherwise be measured reliably, the investment is subsequentty measured at fair value with changes in fair value recognised in income and expendrture. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derNatives. are initialty recognised at fair value, unless payment for an asset is deferred beyond nomial business tems or financed 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 instrument. Other financial instruments are subsequently measured at fair value, wrth any changes recognised in the atstement of fsnancial aGtivitiea, with th¢ cxGcption of hedging ine&trumonta in a d6?i9natad hedging relats-onship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment. an impairment loss is recognised under the appropriate heading in the ststement of financial activities in which the initsal gain was recognised. For all equty instruments regardless of signrfunce. and other financial assets that are individually significanl, these are assessed indtvidually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impaimient are recognised immediatety, to the extent that the reversal does not result in a carying amount of the financial asset that exceeds what the carying amount would have been had the impainnent not previousty been recognised. 16
Matthews Friends Charity Notes to the Financial Statements {condnued) Year ended 31 March 2025 Donations and legaci08 Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 t)onations Donations, Just Giving & Prtvate Fundra5sers 60,959 60,959 63,582 63.582 Charitable activities UnrestrÈcted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 conferen Sponsorship & Delegate Income 26,591 26,591 Other trading activities Unrestricted Total Fund8 Unrestricted Total Funds Funds 2025 Funds 2024 Merchandise Income Buy At & Easyfundraising 197 1.048 197 1,048 665 665 1.245 1,245 665 665 Investment Income Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Bank interest receivable 6.097 6.097 6,547 6,547 Costs of raising donatfjons and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Advertising & Promotion Print, Postage & Ststionary Computer & Phone 3.019 1.817 3.746 3,019 1,817 3,746 6,565 1,189 3.117 6,585 1,189 3,117 8.582 8,582 10,871 10,871 17
Matthews Friends Charity Notes to the Financial Statements {¢Mdnued) Year ended 31 March 2025 Costs of other trnding activitles Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Organised Events Costs Merchandise Costs Administration Costs 3,711 3,711 4,942 953 23,929 4,942 953 23,929 8.928 8.928 12.639 12.639 29,824 29,824 10. Investment management costs Unrestrtcted Total Funds Unrestricted Totsl Funds Funds 2025 Funds 2024 Bank Charges 199 199 324 324 11. Expendituro on charitable activttfjes by fund type unStriCted Total Fund8 Unrestricted Total Funds Funds 2025 Funds 2024 Website & Helpline Phone Travel Costs Administration Costs Conferences & Education Other Grants Made (See note 13) Keto Starter Packs Support costs 14.983 6.499 9,531 77,613 23.821 4.678 2.029 14.983 6,499 9.531 77,613 23,821 4,676 2.029 12,466 7,008 25,713 36,133 80,938 8,472 2,499 12,466 7,008 25,713 36,133 80,938 8,472 2,499 139.152 139,152 173,229 173,229 12. Expenditure on charitable activities by actlvity type Activities undertaken diraetly Support Total funds Total fund 2024 cogt* 202S Webstte & Helpline Phone Travel Costs Administration Costs Conferences & Education Other Grants Made (See note 13) Keto Starter Packs Support costs 14.983 6.499 9.531 77.613 23.821 4.676 14,983 6,499 9,531 77,613 23.821 4,676 2,029 12,466 7,008 25,713 36,133 80,938 8,472 2,499 2,029 137,123 2.029 139,152 173,229 18
Matthews Friends Charity Notes to the Financial Statements (conthiuedj Year ended 31 March 2025 13. Analysls of grants 2025 2024 Grants to institutlons Sheffield Teaching Hospital - Dietician Ketocollege UK Syposium KDRN - Ketogenic Diet Research Network INKS - International Neurological Ketogenic Society Global Symposium on Ketogenic Theppies University College London (UCL) Dietician Plymouth University - KD Student Funding 5,889 42,043 1,697 10,388 20,921 15,446 8,375 23,821 80.938 Total grants 23,821 80.938 14. Net expenditure Net expendrture is stated after chargingl(crediting): 2025 2024 Depreciation of tangible fixed assets 44 15. Staff costs The total staff costs and employee benefits for the reporting period are anatysed as follows: 2025 2024 The aveRge head count of employees during the year was 1 (2024". 1). The average number of full-time equivalent employees during the year is anatysed as follows: 2025 2024 No. No. Number of staff No employee received employee benefits of more than £60,000 during the year (2024: Nil). 16. Trustoe remuneration and exn$86 The trustees received no remuneration during the current or pnor year. Dunng the year, the trustees received the following re-imbursements of out-of-pocket expenses in relation to travel, accommodab'on and telephonefintemeL Mrs Julie Fountain £55 (2024: £55} Ms Emma Williams £nil (2024.. £279) Mr R Aldridge £155 {2024= £nil) 19
Matthews Friends Charity Notes to the Financial Statements {¢onfynu8d) Year ended 31 March 2025 17. Tanglble flxed assets Fixtures and frttings Equipment Total Cost At 1 Aprfl 2024 and 31 March 2025 Depreciatlon At 1 April 2024 and 31 March 2025 Carrying amount At 31 March 2025 1,028 4,745 5.773 1,028 4,745 5,773 At 31 March 2024 18. Debtors 2025 2024 Prepayments and accrued income other debtors 5.070 55,122 60,192 19. Craditors: amounts falllng due within one year 2025 2024 Trade creditors Accruals and deferred income Other creditors 1.427 2,000 11,756 1,846 5,282 3,427 18,684 20. Analysis of charitable funds Unrestricted funds At 31 March 20 25 At 1 April 2024 Income Expenditure General funds 397,623 68.301 (160,572) 305,352 At 31 March 20 24 At 1 April 2023 Income Expenditure General funds 514.486 97.385 (214,248) 397,623
Matthews Friends Charity Notes to the Financial Statements (conlinuéd) Year ended 31 March 2025 21. Analysis of net assets between funds Unrestricted Total Funds Funds 2025 Current assets Creditors less than 1 year Net assets 308,779 {3,427) 305,352 308,779 (3,427) 305,352 Unrestricted Total Funds Funds 2024 Tangible [ed assets Current assets Creditors less than 1 year Net assets 416,307 {18,684) 397,623 418,307 (18,684) 397,623 22. Analysis of changes In net debt At At 1 Apr 2024 Cash flows 31 Mar 2025 Cash at bank and in hand 356,115 (47,336) 308,779 23. Related parties During the year Matthews Friends chanty provided educational funding of £12,339 to Ketocollege Ltd {fomierly Matthews Friends Clinics Ltd), a company owned and controlled by trustee J Fountain (2024.. £42,043). During the year Matthews Friends charity provided support services of £5,929 and premises hire of £6,656 to Ketocollege Ltd (2024: £16,408). Ther8 wer8 no outstanding amounts at the year end (2024.. £55.121). During the year Matthews Friends Charity received Ketogenic Cookery ServIs and used the facilities of Maureen Benn and Benn Bros who are related to the trustee Mrs Julie Fountain. The totsl invoiced for these services during the year was £1,798 (2024: £1,815). During the year. reimbursement of £284 admin expenses was made to INKS. a company that the trustee R Aldridge is also a trustee. The were no amounts outstanding at the yearénd (2024: £284) No further transactions with retated parties were undertaken such as are required to be disclosed under the provisions of FRS 102 Section 1A 'The FinancHI 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 charity (2024.. £nil). 21