REGISTERED CHARITY NUMBER: 1121758
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 December 2024
for
The Matthew 25:35 Trust
C J Bacon
BEd.(Hons.), AST, BFP, ACA
Upper Ground Floor
18 Farnham Road
Guildford
Surrey
GU1 4XA
The Matthew 25:35 Trust
Contents of the Financial Statements for the Year Ended 31 December 2024
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Reference and Administrative Details |
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1 |
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Report of the Trustees |
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to |
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Independent Examiner's Report |
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4 |
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Statement of Financial Activities |
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5 |
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Balance Sheet |
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6 |
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Notes to the Financial Statements |
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The Matthew 25:35 Trust
Reference and Administrative Details
for the Year Ended 31 December 2024
TRUSTEES |
H C Mather Chairman |
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Mrs A S Mather |
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Dr J D Weldon |
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Mrs F A Varley |
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Mrs E J Mather |
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A P Mather |
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N P Varley |
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Rev N P Weldon |
PRINCIPAL ADDRESS |
PO Box 1077 |
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Guildford |
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Surrey |
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GU1 9HQ |
REGISTERED CHARITY NUMBER |
1121758 |
INDEPENDENT EXAMINER |
C J Bacon |
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BEd.(Hons.), AST, BFP, ACA |
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Upper Ground Floor |
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18 Farnham Road |
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Guildford |
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Surrey |
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GU1 4XA |
SOLICITORS |
Charles Russell Speechlys LLP |
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One London Square |
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Cross Lanes |
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Guildford |
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Surrey GU1 1UN |
BANKERS |
NatWest |
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151 High Street |
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Guildford |
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Surrey GU1 3AH |
Page 1
The Matthew 25:35 Trust
Report of the Trustees for the Year Ended 31 December 2024
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31December2024. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableinthe UK
and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Activities
The trusteesmet regularlyin 2024,consideringapplicationsfrom organisationsandindividualsin the UK andoverseas. In
summary26grantsamountingto£104,000intotalweremadeto22differentorganisations/individuals.Twenty grants
weremadetoprogrammesintheUK,twograntstoBurundiandonegranteachtoUganda,Kenya,Ukraine and
Kyrgyzstan.
InallcasesthetrusteesweresatisfiedthattheapplicationsmettheTrust'sobjectivesandhavereceivedreceipts and
progressupdatesto ensure projectsare being deliveredas described.Most of the organisationsare registeredUK charities
andfortheothers,governancearrangementswerecarefullychecked.Supervision,riskmanagementandreporting were
allconsideredsound,giventhescaleoftheactivities.Typically,grantsareintherangeof£1,000to£10,000and project
timescalesupto12months.Trusteesareinregularcontactwiththeorganisationsandindividualstheysupport, hence
the residual risks are considered minimal.
Thepublicbenefitwasevidentfromthenatureoftheprojects.GrantsintheUKhelpedchurchesandcharities support
poorfamiliesunabletocope,refugees,thosewithlearningdifficultiesandalsofundprojectstoreachoutto local
communities.Smallergrantswere givento studentsstrugglingto completeprogrammesthatwillequipthemfor ministry,
youthworkandsocialjustice.TheTrustalsoinvestedinbuildingcapacityforhumanitarianresponsesto emergencies
arisingfromwarandnaturaldisasters.Overseasgrantssupportedfeedingprogrammes,educationandlivelihoods in
Uganda,KenyaandBurundi.InallcasestheChristianmessagewasintegraltotheactivity,inkeepingwiththeobjects of
the charity.
Recipients of grants have commented:
"Yoursupportwillmakeasignificantimpact,helpingustoprovideinclusiveplayandsocialopportunitiesfor disabled
children, who are often excluded from such activities."
"I'mreachingouttosaythankyousomuchforchoosingtosupportourlife-savingworkinUkraine-itwillmakea real
difference to the people we are helping there who are dealing with the ongoing impact of the conflict."
"ThankyouforyourgenerousgiftforthemalnutritionprojectinBurundiandmeetingaspecificneed.Itwassuch an
inspirational visit that a trustee was able to see this project in person."
FINANCIAL REVIEW
Financial Review
During the year ended 31 December 2024, income was £105,221 of which £105,150 was donations.
Expenditure was £105,073 of which grants at £104,000 accounted for 99%. Governance and
administration costs amounted to £1,073 which is 1%.
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 2024, £5,822.13cash was availablefor disbursement.No funds are held as custodiantrustee on behalf
of others.
Page 2
The Matthew 25:35 Trust
Report of the Trustees
for the Year Ended 31 December 2024
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.
Approved by order of the board of trustees on 20 February 2025 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
IreporttothecharitytrusteesonmyexaminationoftheaccountsofTheMatthew25:35Trust(theTrust)forthe year
ended 31 December 2024.
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
myexaminationI havefollowedallapplicableDirectionsgivenbytheCharityCommissionunderSection145(5)(b)of the
Act.
Independent examiner's statement
I havecompletedmyexamination.I confirmthatnomaterialmattershavecometomyattentioninconnectionwith 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.
I have no concernsand have come acrossno othermattersin connectionwith the examinationto whichattention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.
.......................................................
C J Bacon
BEd.(Hons.), AST, BFP, ACA
Upper Ground Floor
18 Farnham Road
Guildford
Surrey
GU1 4XA
25 February 2025
Page 4
The Matthew 25:35 Trust
Statement of Financial Activities
for the Year Ended 31 December 2024
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31.12.24 |
31.12.23 |
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Unrestricted |
Total |
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fund |
funds |
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Notes |
£ |
£ |
INCOME AND ENDOWMENTS FROM |
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Donations and legacies |
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105,150 |
93,300 |
Investment income |
2 |
71 |
60 |
Total |
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105,221 |
93,360 |
EXPENDITURE ON |
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Charitable activities |
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Charitable |
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105,073 |
93,012 |
NET INCOME |
|
148 |
348 |
RECONCILIATION OF FUNDS |
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|
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Total funds brought forward |
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4,954 |
4,606 |
TOTAL FUNDS CARRIED FORWARD |
|
5,102 |
4,954 |
The notes form part of these financial statements
Page 5
The Matthew 25:35 Trust
Balance Sheet
31 December 2024
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31.12.24 |
31.12.23 |
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Unrestricted |
Total |
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fund |
funds |
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Notes |
£ |
£ |
CURRENT ASSETS |
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Cash at bank |
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5,822 |
5,614 |
CREDITORS |
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Amounts falling due within one year |
5 |
(720) |
(660) |
NET CURRENT ASSETS |
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5,102 |
4,954 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
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5,102 |
4,954 |
NET ASSETS |
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5,102 |
4,954 |
FUNDS |
6 |
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Unrestricted funds |
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5,102 |
4,954 |
TOTAL FUNDS |
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5,102 |
4,954 |
The financialstatementswere approvedby the Boardof Trusteesandauthorisedfor issue on 20 February2025 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 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewith the CharitiesSORP (FRS 102) 'Accountingand Reportingby Charities:Statementof Recommended
PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReporting Standard
applicablein the UK and Republicof Ireland(FRS 102) (effective 1 January2019)', FinancialReportingStandard 102
'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andtheCharitiesAct2011. The
financial statements have been prepared under the historical cost convention.
Income
All incomeis recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto the funds,it is
probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and
the amountof the obligationcanbe measuredreliably.Expenditureis accountedforon an accrualsbasisand has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.
Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedasa 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.
Restrictedfundscanonlybe usedforparticularrestrictedpurposeswithinthe objectsof the charity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
INVESTMENT INCOME |
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31.12.24 |
31.12.23 |
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£ |
£ |
Deposit account interest |
71 |
60 |
continued...
Page 7
The Matthew 25:35 Trust
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
3. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2024norforthe year
ended 31 December 2023.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31December2024norfortheyear ended
31 December 2023.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
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Unrestricted |
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fund |
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£ |
INCOME AND ENDOWMENTS FROM |
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Donations and legacies |
93,300 |
Investment income |
60 |
Total |
93,360 |
EXPENDITURE ON |
|
Charitable activities |
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Charitable |
93,012 |
NET INCOME |
348 |
RECONCILIATION OF FUNDS |
|
Total funds brought forward |
4,606 |
TOTAL FUNDS CARRIED FORWARD |
4,954 |
continued...
Page 8
The Matthew 25:35 Trust
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
6.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS |
31.12.24
31.12.23
£
£
720
660
Net
movement
At
At 1.1.24
in funds
31.12.24
£
£
£
4,954
148
5,102
4,954
148
5,102
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
105,221
(105,073)
148
105,221
(105,073)
148
Net
movement
At
At 1.1.23
in funds
31.12.23
£
£
£
4,606
348
4,954
4,606
348
4,954 |
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continued...
Page 9
The Matthew 25:35 Trust
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
6. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
93,360
(93,012)
TOTAL FUNDS
93,360
(93,012)
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
INDEPENDENT EXAMINER'S REMUNERATION |
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
93,360
(93,012)
TOTAL FUNDS
93,360
(93,012)
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
INDEPENDENT EXAMINER'S REMUNERATION |
Movement
in funds
£
348
348 |
Movement
in funds
£
348
348 |
|
2024 |
|
2023 |
|
£ |
|
£ |
Independent Examiner's remuneration |
720 |
|
660 |
|
|
|
|
7. RELATED PARTY DISCLOSURES
8. INDEPENDENT EXAMINER'S REMUNERATION
Page 10