2022-12-31-accounts - The Matthew 25 35 Trust

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REGISTERED CHARITY NUMBER: 1121758

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 December 2022

for

The Matthew 25:35 Trust

A J Bennewith FCA, FCPA, FFA, FFTA,
FIPA, DChA, FRSA
3 Wey Court
Mary Road
Guildford
Surrey
GU1 4QU

The Matthew 25:35 Trust

`Contents of the Financial Statements for the Year Ended 31 December 2022`

	`Page`
`Reference and Administrative Details`	`1`
`Report of the Trustees`	`2 to 3`
`Independent Examiner's Report`	`4`
`Statement of Financial Activities`	`5`
`Balance Sheet`	`6`
`Notes to the Financial Statements`	`7 to 10`

The Matthew 25:35 Trust

`Reference and Administrative Details for the Year Ended 31 December 2022`

`TRUSTEES`	`H C Mather Chairman`
	`Mrs A S Mather`
	`Dr J D Weldon`
	`Mrs F A Varley`
	`Mrs E J Mather`
	`A P Mather`
	`N P Varley`
	`Rev N P Weldon`
`PRINCIPAL ADDRESS`	`PO Box 1077`
	`Guildford`
	`Surrey`
	`GU1 9HQ`
`REGISTERED CHARITY NUMBER`	`1121758`
`INDEPENDENT EXAMINER`	`A J Bennewith FCA, FCPA, FFA, FFTA,`
	`FIPA, DChA, FRSA`
	`3 Wey Court`
	`Mary Road`
	`Guildford`
	`Surrey`
	`GU1 4QU`
`SOLICITORS`	`Charles Russell Speechlys LLP`
	`One London Square`
	`Cross Lanes`
	`Guildford`
	`Surrey GU1 1UN`
`BANKERS`	`NatWest`
	`151 High Street`
	`Guildford`
	`Surrey GU1 3AH`

Page 1

The Matthew 25:35 Trust

`Report of the Trustees for the Year Ended 31 December 2022`

Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31December 2022.
ThetrusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:Statementof Recommended
PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

`OBJECTIVES AND ACTIVITIES`

`Activities`

Thetrusteesmetregularlyin2022,consideringapplicationsfromorganisationsandindividualsintheUK and
overseas.Insummary15grantsamountingto£63,000intotalweremadeto12differentorganisationsand one
individual.SevengrantsweremadetoprogrammesintheUKandonegranteachtoUganda,SouthAfrica, Pakistan,
South Sudan, Bosnia-Herzegovina, Colombia, Ukraine and Kenya.

In allcases the trusteeswere satisfiedthatthe applicationsmet the Trust'sobjectivesandhavereceivedreceipts and
progressupdatestoensureprojectsarebeingdeliveredasdescribed.Mostoftheorganisationsareregistered UK
charitiesandfortheothers,governancearrangementswerecarefullychecked.Supervision,riskmanagement and
reportingwereallconsideredsound,giventhescaleoftheactivities.Typically,grantsareintherangeof£1,000 to
£10,000andprojecttimescalesupto12months.Trusteesareinregularcontactwiththeorganisations and
individuals they support, hence the residual risks are considered minimal.

Thepublicbenefitwasevidentfromthenatureoftheprojects.GrantsintheUKhelpedcharitiessupportfragile or
fragmentedfamiliesstrugglingtocope,provideaplaygroundfordisabledchildren,supportforvulnerable sex
workers,acrisishelplineforpregnantwomen,andeducationalresourcesforfamiliesinfaithdiscussions and
environmentalissues. Overseas grantssupportedhumanitarianrelief in countriesravagedby war such as Ukraine and
SouthSudan,andnaturaldisasterssuchasthePakistanfloods.Grantswerealsogivenforpovertyrelief and
communitydevelopmentinUganda,Kenya,Bosnia-HerzegovinaandColombia,andmissionandministrytraining in
South Africa. In all cases the Christian message was integral to the activity, in keeping with the objects of the charity.

`Recipients of grants have commented:`

"Thisdonationisatremendousboostasourvolunteersandstaffcontinuetodelivervitalsupportto vulnerable
familiesandismuchneededaswehaveincreasedstaffcapacityandcoststomeethigherdemandwhilefacing a
reduction in income."

"Your donation is a lifeline to families in desperate need due to the crisis in Pakistan."

"Iamdelightedtosharethenewsthatwithyoursupport,wehavereachedourfundraisingtargetforour new
playground at our Guildford Playcentre!

Thankyouagainforsupportingourplaygroundappealtoensurethatalldisabledchildrencanaccess essential
opportunities to have fun, make friends and challenge their impairments."

`FINANCIAL REVIEW`

`Financial Review`

During the year ended 31 December 2022, income was £63,311 of which £63,300 was donations.
Expenditure was £63,952 of which grants at £63,000 accounted for more than 98%. Governance and
administration costs amounted to £952 which is less than 2%.

The Trust's policy on reserves is to retain a minimum level of £5,000 in cash, so that it can respond in
case of urgent need. At the end of 2022, £5,236 cash was available for disbursement. No funds
are held as custodian trustee on behalf of others.

`STRUCTURE, GOVERNANCE AND MANAGEMENT`

`Governing document`

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

`Constitution and commencement`

The charity was created by a Declaration of Trust dated 25 September 2007 and made its first gift in May 2008.

Page 2

The Matthew 25:35 Trust

`Report of the Trustees for the Year Ended 31 December 2022`

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................
H C Mather - Trustee

Page 3

Independent Examiner's Report to the Trustees of
The Matthew 25:35 Trust

`Independent examiner's report to the trustees of The Matthew 25:35 Trust`

I reportto the charitytrusteeson my examinationof the accountsof The Matthew25:35 Trust (the Trust) for the year
ended 31 December 2022.

`Responsibilities and basis of report`

AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').

I reportin respectof my examinationof the Trust'saccountscarriedoutunderSection145 of the Act andin carrying
out my examinationI have followedall applicableDirectionsgiven by the CharityCommissionunderSection 145(5)(b)
of the Act.

`Independent examiner's statement`

I havecompletedmyexamination.I confirmthatnomaterialmattershavecometomyattentioninconnection with
the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

2. the accounts do not accord with those records; or

3. the accounts 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 fair view which is not a matter considered as part of an independent examination.

Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

A J Bennewith FCA, FCPA, FFA, FFTA,
FIPA, DChA, FRSA
3 Wey Court
Mary Road
Guildford
Surrey
GU1 4QU
Date: .............................................

Page 4

The Matthew 25:35 Trust

`Statement of Financial Activities`

`for the Year Ended 31 December 2022`

		`31.12.22`	`31.12.21`
		`Unrestricted`	`Total`
		`fund`	`funds`
	`Notes`	`£`	`£`
`INCOME AND ENDOWMENTS FROM`
`Donations and legacies`		`63,300`	`60,383`
`Investment income`	`2`	`11`	`1`
`Total`		`63,311`	`60,384`
`EXPENDITURE ON`
`Charitable activities`
`Charitable`		`63,952`	`60,252`
`NET INCOME/(EXPENDITURE)`		`(641)`	`132`
`RECONCILIATION OF FUNDS`
`Total funds brought forward`		`5,247`	`5,115`
`TOTAL FUNDS CARRIED FORWARD`		`4,606`	`5,247`

The notes form part of these financial statements

Page 5

The Matthew 25:35 Trust

`Balance Sheet`

`31 December 2022`

		`31.12.22`	`31.12.21`
		`Unrestricted`	`Total`
		`fund`	`funds`
	`Notes`	`£`	`£`
`CURRENT ASSETS`
`Cash at bank`		`5,236`	`5,847`
`CREDITORS`
`Amounts falling due within one year`	`5`	`(630)`	`(600)`
`NET CURRENT ASSETS`		`4,606`	`5,247`
`TOTAL ASSETS LESS CURRENT LIABILITIES`		`4,606`	`5,247`
`NET ASSETS`		`4,606`	`5,247`
`FUNDS`	`6`
`Unrestricted funds`		`4,606`	`5,247`
`TOTAL FUNDS`		`4,606`	`5,247`

ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:

.............................................

H C Mather - Trustee

.............................................
A S Mather - Trustee

The notes form part of these financial statements

Page 6

The Matthew 25:35 Trust

Notes to the Financial Statements
for the Year Ended 31 December 2022

`1. ACCOUNTING POLICIES`

`Basis of preparing the financial statements`

Thefinancialstatementsof thecharity,whichis a publicbenefitentityunderFRS 102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
Charities Act 2011. The financial statements have been prepared under the historical cost convention.

`Income`

All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhasentitlementto the funds,
it is probable that the income will be received and the amount can be measured reliably.

`Expenditure`

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountof theobligationcanbe measuredreliably.Expenditureis accountedforonanaccruals basis
andhas been classifiedunderheadingsthataggregateall costrelatedto the category.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.

Grants offered subject to conditionswhich have not been met at the year end date are noted as a  commitment
but not accrued as expenditure.

`Taxation`

The charity is exempt from tax on its charitable activities.

`Fund accounting`

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.

`2. INVESTMENT INCOME`

`INVESTMENT INCOME`
	`31.12.22`	`31.12.21`
	`£`	`£`
`Deposit account interest`	`11`	`1`

continued...

Page 7

The Matthew 25:35 Trust

`Notes to the Financial Statements - continued`

`for the Year Ended 31 December 2022`

`3. TRUSTEES' REMUNERATION AND BENEFITS`

There were no trustees'remunerationor other benefitsfor the year ended 31 December 2022 nor for the year
ended 31 December 2021.

`Trustees' expenses`

Therewerenotrustees'expensespaidfortheyearended31December2022norfortheyear ended
31 December 2021.

`4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`

`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`
	`Unrestricted`
	`fund`
	`£`
`INCOME AND ENDOWMENTS FROM`
`Donations and legacies`	`60,383`
`Investment income`	`1`
`Total`	`60,384`
`EXPENDITURE ON`
`Charitable activities`
`Charitable`	`60,252`
`NET INCOME`	`132`
`RECONCILIATION OF FUNDS`
`Total funds brought forward`	`5,115`
`TOTAL FUNDS CARRIED FORWARD`	`5,247`

continued...

Page 8

The Matthew 25:35 Trust

`Notes to the Financial Statements - continued`

`for the Year Ended 31 December 2022`

`5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`

	`31.12.22`	`31.12.21`
	`£`	`£`
`Other creditors`	`630`	`600`

`6. MOVEMENT IN FUNDS`

`MOVEMENT IN FUNDS`
		`Net`
		`movement`	`At`
	`At 1.1.22`	`in funds`	`31.12.22`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`5,247`	`(641)`	`4,606`
`TOTAL FUNDS`	`5,247`	`(641)`	`4,606`
`Net movement in funds, included in the above are as follows:`
	`Incoming`	`Resources`	`Movement`
	`resources`	`expended`	`in funds`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`63,311`	`(63,952)`	`(641)`
`TOTAL FUNDS`	`63,311`	`(63,952)`	`(641)`

`Comparatives for movement in funds`

	`Net`
	`movement`	`At`
`At 1.1.21`	`in funds`	`31.12.21`
`£`	`£`	`£`
`Unrestricted funds`
`General fund` `5,115`	`132`	`5,247`
`TOTAL FUNDS` `5,115`	`132`	`5,247`
`Comparative net movement in funds, included in the above are as follows:`
`Incoming`	`Resources`	`Movement`
`resources`	`expended`	`in funds`
`£`	`£`	`£`
`Unrestricted funds`
`General fund` `60,384`	`(60,252)`	`132`
`TOTAL FUNDS` `60,384`	`(60,252)`	`132`

continued...

Page 9

The Matthew 25:35 Trust

`Notes to the Financial Statements - continued`

`for the Year Ended 31 December 2022`

`7. RELATED PARTY DISCLOSURES`

There were no related party transactions for the year ended 31 December 2022.

`8. INDEPENDENT EXAMINER'S REMUNERATION`

	`2022`	`2021`
	`£`	`£`
`Independent Examiner's remuneration`	`630`	`600`

Page 10