``` 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`** |||**`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 2024 ``` |**`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`**|`C J Bacon`| ||`BEd.(Hons.), AST, BFP, ACA`| ||`Upper Ground Floor`| ||`18 Farnham Road`| ||`Guildford`| ||`Surrey`| ||`GU1 4XA`| |**`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 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`** |||`31.12.24`|`31.12.23`| |---|---|---|---| |||`Unrestricted`|`Total`| |||`fund`|`funds`| ||`Notes`|`£`|`£`| |**`INCOME AND ENDOWMENTS FROM`**|||| |`Donations and legacies`||`105,150`|`93,300`| |`Investment income`|`2`|`71`|`60`| |**`Total`**||`105,221`|`93,360`| |**`EXPENDITURE ON`**|||| |**`Charitable activities`**|||| |`Charitable`||`105,073`|`93,012`| |**`NET INCOME`**||`148`|`348`| |**`RECONCILIATION OF FUNDS`**|||| |`Total funds brought forward`||`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`** |||`31.12.24`|`31.12.23`| |---|---|---|---| |||`Unrestricted`|`Total`| |||`fund`|`funds`| ||`Notes`|`£`|`£`| |**`CURRENT ASSETS`**|||| |`Cash at bank`||`5,822`|`5,614`| |**`CREDITORS`**|||| |`Amounts falling due within one year`|`5`|`(720)`|`(660)`| |**`NET CURRENT ASSETS`**||`5,102`|`4,954`| |**`TOTAL ASSETS LESS CURRENT LIABILITIES`**||`5,102`|`4,954`| |**`NET ASSETS`**||`5,102`|`4,954`| |**`FUNDS`**|`6`||| |`Unrestricted funds`||`5,102`|`4,954`| |**`TOTAL FUNDS`**||`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`**||| |---|---|---| ||`31.12.24`|`31.12.23`| ||`£`|`£`| |`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`**|| |---|---| ||`Unrestricted`| ||`fund`| ||`£`| |**`INCOME AND ENDOWMENTS FROM`**|| |`Donations and legacies`|`93,300`| |`Investment income`|`60`| |**`Total`**|`93,360`| |**`EXPENDITURE ON`**|| |**`Charitable activities`**|| |`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`| |---|---| ``` 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 ```