Registered company number: 07682465 Registered charty number- 1143550 Matthew Good Foundation Unaudited financial statements for the year ended 31 December 2023
Matthew Good Foundation Reference and admlnistralive details of the Chaiity, its trustees and advisern Trustees TDAGOCKI J G Jennings (resigned 28 March 2024} K J Harrison Mrs J Nash IresNJned 15 May 2024) E J Bryden lappointed 15 May 20241 J G Greenwo(xl {appointed 15 May 20241 J Lews {appointed 15 May 20241 N P Mccann {apinted 15 May 20241 Regi$tered company number 07682465 Registered charity number 1143550 Registered offlce Quary House HeewOOd Office Patft Ferriby Road Hessle East Riding of Yorkshire HU130LH Accountants Smalles Goldie Regenys Court Princess Street Hull East Riding of Yorkshire HU2 8BA SolScStors Andrew M Jackson Marina Court Castle Street Hull Easl Riding of Yorkshire HU1 3RL
Matthew Good Foundation Contents Page Chaimian's statement Trustees report Independent examingr's report ststernent of financtal activities Balance sheet 10 Notes to the financial slatements 12-20 Statement of cash flows 11
Matthew Good Foundation Chairman's statement for the year ended 31 December 2023 2023 w88 another incredible year for the Matthew Good Foundation. Our giving vrds higher than ever during the year, with more than £300,000 granted to good causes. In line with our strategy lo support small charities. most fvjnds avrdrdeiy this year went lo organisations with an annual income of less than £1 m. with 46% of our giving going to micro-organisations with a yearly income of less than £50,000. A few highlights during the year indude.. - Completing a rebrand of all programmes and launching our new website. - Significanlty increasing the number of films fvnded and fom)ing new partnerships lo deliver more films for small charities. John Good Group's Grants for Gooyj programme in¢asIng lo £60,000. providing further funding to micro- charities in light of the wsl of living ¢llsis. Welcoming SDL Minorfem a$ one of Quf partners and supwrting them in launching the Minorfem Foundation lo support local charilie5 and engage their employees in the charitable giving programme. Beginning a new project lo better understand our impact on our beneficiaries and the small charity sector, the results of this slvdy will be published in 2024. Passing the £1 m giving milestone and Celebrating by surprising small charities. HER Breast Friends and Clean Ocean Sailing, with £5,000 each in unrestricted funding. Funding the creation of Race Ready Run CIC. a new nonprofit and app designed io provide eViden-baSe medical and perf0rnan advice to parttcipants in enduran events that will officially launch in 2024. - Supporting 172 9¢)od causes thanks to our generous partners and supportefs. Our activitie5 are only possible thanks to funding and pro-bono support from the John Good Group, and we are incredibly grateful for their ongoing commitment lo support the Matthew Good Fovndalion. We WOLtld like to thank our trustees for their continued guidance and support and the whole tearn of ernployee5, partners, and volunteers who help us make a difference to our beneficiaries. We are delighted that in 2023, we have grown our giving and provKled much-needed support to many small tharities worknng so hard lo make a difference in local communrties. TIM Good Chaimian Page 1
Matthew Good Foundation Trustees. report for the year ended 31 December 2023 The Iruslees who are also directors of the charity for the purposes of the Companies Act 2006, present their report and the financial ststements of Ihe charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounb"ng and Reporting by Charities- Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191. Objectives and a¢tivitles a. Policies and objectlves The Matthew Good Foundation strives to make a meaningful impact on our commLtnities and the wodd around us by supporting charitable causes that wsitively impact pwple, society, and the natural worfd. We do this by empowering our partners to support charitable causes they care about through charitsble giving programmes, and by working with small charities and community projects to provide unrestricted fvnding and support. Support provided is usually financial but can also be in the fom of volunteering. Charitsble causes are defined a$ any organisalion. group or individual that is tIng in the best interest of swety. culture or the environrnent, excluding those of political or religious nature. b. Actlvltles for achlevln9 obJe¢tSve8 - Amplifying Small Charities We know that new. small. and local charities are often able lo make a huge impact with a small grant, but many are cuffenlly going under the radar of the funding organisations they need help from. This desire to fill the funding gap for smaller charities is why we started our "amplify fund". lo help target giving where it makes the most impact. Empowering businesses and indivKluals We were created by the Good Family and their famify business. John G1 Group. Through our netsvorks. we've learned that so many businesses and indivKluals have a desire lo make a differen by supporting high-impact charities in their cornmunities but do not have the connections. resources or experience to be able lo confidently act on it. So, as well as supporting John Good Group in ils charitable gFvillg endeavour5, we are delighted lo invite other like4ninded businesses and individuals to work with us lo help them meet their unique goals, building a powerful philanthropic (x)mmunity capable of amplifying more small charities. Our programmes include". - Amplify Funding Programmes We design and manage funding programmes that invrte small charilable organis8tions to apply to us for grants which are funded by our partner businesses or individual philanthropists. Our progtammes are our unique way of connecting organisations that are doing amazing work in our mmUni"e5, with people and businesses that want to make a meaningful social impact Charitable organisations can expect to work with a Foundation that undersiands theif needs and helps them find unreslricled funding through a simple process. whilst individuals and businesses can expect lo invest meaningfully in organisations that do so much more than b'ck a CSR x, providing them with a great sense of pride. Page 2
Matthew Good Foundation Trustees. report (continued) for the year ended 31 December 2023 In 2023, our funding programmes included Grants for Gc#)d, which is funded by John Good Group, and is designed to direct funding only to small and growing local chariknes. voluntary groups or social enterprises that a making a big impact on communities, people or the environmenL To be eligible, applicants must.. Be a local community group, charity, voluntsry group or soual enterprise that has a positive impact on communities, people or the environment Have an average income of less than £50,000 in the last 12 nTh)nths. Have a bank account in the organisation's name. 2023 saw Grants for Good award £60,000 to 20 small charttable organisations distributed via unrestricted grants ranging from £2,000 to £S.000. In addition, we managed John Good Group's employee giving programme which empowers employees lo support charities close to their hearts through a range of application types such as tripling the impact of employee fundraising, doubling the impact of charitable donations. and champion grants for small local tharilies. During late 2023 we also started a new partnership with lamily business SDL Minorfem to help them connect and SUPPOrt local charitses. In 2023, this saw £8.000 donated to tsvo local charities that were nominated by their employees. We provide funding to selected small charitable organisations that need longer term unrestricted support with the core costs vi181 to running their organisation. funds which are harder to find in the funding sector. Funds are aimed at organisations that meet the Foundation's target Sustainable Development Goa15. Grants made in 2023 included", £10,000 to Catzero. £10.000 lo Downright Special. £10,000 to Reef Wodd Foundation, £14,500 10 Mires Beek Nursery, £10.CK)O to Scotland the Big Piclure. £10.CO) to Nab"onal Park Re$¢ue and £10.000 10 Clean Ocean Sailing. - Amplify Charity Films Often, charitable organisations are not just dealing with a funding gap. but also with an expertise gap when it comes to communicating their cause to a wide audience. As a foundation that has very close connections lo the business wodd. this is something we have often found we are able lo help fund and coordinate, and so our charity film offering has grown naturally as we worked wlh more organisations who we could see would benefit from this type of help. In 2023. films funded by the Foundation included". Market Field Farm. Recycling Unlimited, Hull CVS. Diversified. Inga Foundation. HEY Chiklrens Universty, Peel ProjecL Access the Dales, and Outkast Panda. Employee Volunteering Socially aware businesses often offer their employees paid bme off to volunteer. providing charities with valuable labour resource. and helping employees gain the experience and personal benefits of helping local causes meaningful lo them. We provide volunteering programmes to help charities access volunteers who are employees of our partner businesses. Corporate volunteering days can be a great way for charities to ffind a new demographic of volunteers. get help with Large tasks, or even find a $killed volunteer for a specific type of work. The Trustees are delighted with the performance of our programmes during 2023 as well as the awarding of unrestricted fvnds to several small charities and look fopward to developing Ihese inrtiatives further in the future. Page 3
Matthew Good Foundation Trustees. report (continued) for the year ended 31 December 2023 c. Achigvemgnts and perforniance During the year, the charity raised £371,850 12022." £687.3541 lo fund its wotk and monies expended on charitable aclivrties lotalled £321,932 12022-. £239.1951. At 31 December 2023, the chanty had reserves of £561,046 12022." £591,529). The charity does not attach a monetary value to the volunteei b'me of those who support us. d. Plans for future perlods With our biggest gNing year yet in 2023. we're proud to see that charitable donations have risen from a modest £2,000 in 2012 to more than £300.000 in 2023. surpassing the £1rn milestone for our total giving since 2011. In addition to the programmes we manage for the John Gc#xl Group, we're now managing several donor- advised funds for indmdual philanthropists and businesses who share in our vision of amplifying small ch8ri1ies, and we look ford to developing further partnerships over the coming years. Looking forward. you can exFect lo see the following: - Slrenglhening our board of twstees Jane Nash and Seamus Jennings retired as trustees in the first half of 2024. We are incredibly grateful for their support over the years and Ihank them for their commitment and role in our joumey so far. For this reason. at the end of 2023, we began recruitsng new trustees, and four new trustees joined our team in May 2024 who can help us on our mission to support small non-profits. The new trustee board includes expertise in fundraising, the small charity sector. small charity leadership. and filmlrnedia. - Supporting businesses to deliver Sla1 impact Wrth over a decade of harnessing the power of business to be a force for gcod, we're now starting to help other companies find and ftjnd small charib.es and not-for-profits in a meaningful way by delivenng flexible charitable giving programmes that create personal (xTrnnections. engage employees in decision making and empower small non-profit leaders. Building on our success in 2023, we'll develop our support pad(ages for businesses to make it easy for companies to support small and local charitsble projects in their communities. - Sharing our impact measufemenl findings We're already working hard behind the neS on our impact measurement project, which wll help us understand more about how Ouf programmes help small charilies. This inforynab'on wll help us plan for the future and ensure our activities M8Mise value fof our beneficiaries. - Explonng Funder-Plus Models We already provide additional supwrt to some of the non-profits we fvnd. whith complements our monetary grants. Our Amplify Films Programme is one example. but we also offer pro-bono support from our own team, or by connecting our beneficiaries wtth a skilled volunteer. We wll look lo build on this area to add more value to our charities, and we'll be looking to provide further support over the coming year5. - Moving into our new homel We're very excited to have moved lo a new home in April 2024 - Quarry House, the new head office of the John Good Group. Not only does this offer us a fantastic worknng environment, but we also have the opportunity to share this space with local community groups and charities to ensure the office benefits the wider community. Public benellt confim)ation The Trustees confirm that they have complied with the duty in section 17(51 of the Cha¥ities Act 2011 with regard lo public benefit guidance published by the Charity Commission. Page 4
Matthew Good Foundation Trustees. report (continued) for the year ended 31 December 2023 Financial review . Going concern After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resource5 to Continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concem basis in preparing the finanryal statements. b. Investment pollcy Surplus funds that may from time to time be available are invested in a bank deposrts a¢unt. c. Reser•es Reserves, which comprise cash deposits, wll be maintained 81 a level sufficient lo cover the expected future levels of committed charitable expendibjre. The trustees designated an earm8rked fund of £97.427 for medical research into the medical pracbce and treatment of illnesses commonly found during marathons and other similar events of which the remaining balan on the lund is £26,542. The Foundation has committed to funding a selection of charities and not fof profil organisations with future commitments lotallin9 £216.40012022'. £140.7561. Future lunding is dependent on annual due diligence checks and is not obligated to be paKI if specified criteria has not been met. d. Fundraising Policy Matthew Good Foundation raises funds in 8 number of drfferent ways. Matthew Good Foundation receives the majority of its fvnding from the John Gcod Group. The John Good Group makes an annual donation to the Foundakn'on. Matthew Good Foundation receives a dividend payment from its mInlty share ownership of the John Good Group. We encourage donors to open a fund lo provide a simple allemaiNe to establishing an independent Trust or Foundation. The Foundation does not use a professional fundraiser or (mMerCIal participator to raise funds and we do not directly approach indiwdual members of Ihe public. however, donors can donate via our website should they wish lo. During the year, no complaints have been received aty)ut Ouf fundraising activities. Our fundraising pr8clices comply with the Code of Fundraising Practice. Grant making policy The majority of our grant making is in Ihe UK. however, we occasionally grant funds to charities oper81ing overseas. Unless otherwise stated, all fvnding applica'On$ are on to non-profit organisations. The potential recipienl does not need to be a registered charity lo appty for funds. however. the organisation must have charitable 8ims and a structute in place to show that it is property run. Appropriate due diligence is 8WaYS carried out before any gr8nl is issued. Unless otherwise staled in the grants guidelines for the separate funds we manage. we cannol support promotion of purely religious or polrtical causes. For grants of £2.000 and a>Ve, we keep in touch recipients lo monitor progress. Further applications for funding will not be aecepled unless our findings are salisfactory. Given the nature of the small organisalions we work with, we try lo keep fomi filling to a minimum and prefer lo keep in touch on more personal basis. Where grants are paid periodically, the subsequent instalvnent of any grant will not be paKI unless our ongoing due diligence is carried out and deemed aePtsb1e. or in soffle (%se5, speofic objectives have been mel. Page 5
Matthew Good Foundation Trustees. report (continued) for the year ended 31 December 2023 Struetiire. governance and management a. Governing documgnt Matthew Good FoundatK)n is a charitsble company limited by guarantee. It was incorporated on 24 June 2011 as John Good Foundation. Following the death of Matthew Good on 26 June 2011 whilst running for charity, the foundation's name w8s changed to Matthew Good Foundation. Matthew Good Foundation wa5 registered as a charity on 25 August 2011. The charity was established as a company under a Mernorandum of Association which established the objects and powers of the charitable company and is governed under its ArtleS of Association. In the event of the charity being wourKI up ils members are required to contribute an amount not exceeding £1. b. Trustee$ The directors of the company are also charity trustees for the wrposes of charity law and under the companls Artides are known as members of the company. Under the requirements of the Memorandum and Articles of Associalion new members of the company must be approved by the directors belore they can be admitted into membership. As set out in the Articles of Association there shall not be less than three trustees. At each annu81 general meeting one third of the trustees shall retire from office. If the charity does not fill the vacancy the retiring Iruslee shall. if willing to act be deemed to have been raPPOInted. The trustees met during the year ended 31 December 2023 to supervise and formally approve the management of the charitable activitses. ¢. Organisatlonal slructure During the year. the day to day athib'es of the chanty were managed by the trustees. d. Inductlon and training of new trustees When new trustees are appointed they are lefed on their legal obligations under charity law, the activities of the trustees and their decision rnaking process. charitable ObjectnS and activiknes and financial performance. During the briefing they will meet the other trustees. e. Arrangements for setting pay and remuneration of key personnel The Trustees consider the Board of Trustees and the Executive Director as compllsing the key management personnel of the charity in charge of directing and controlling the eharity", and running and operating on a d8y-Io- day basis. All Trustees give their time freely and no Trustee remuneration was paid during the year. Trustees are required lo disclose all relevant interests and register them with the Executive Director 2nd, in accordance with the charity's policy, wlhdraw from decisions where a conflict of interest arises. The Board of Trustees has responsibility for establishing the charity's pay policy, ensuring ils application in practice, and reviewing it on an annual basis. including pay awards. The Board of Trustees is aL80 responsible for delemining the annual pay budget. When setting salaries. we balance affordability. intemal faimess and extem81 compeliliveness by benchmarking sirnilar roles. while also ensuring we are meeting National Livinglminimum Wage. f. Related parties The charity's related p8rties comprise John Good & Sons Limited and rts subsidiaries along with Mr T D A Good. Mr J G Jennings, Mr K J Harrison and Mrs J Nash, the tTUStees of the charity during 2023, some of whom also hold directorships within the John Good & Sons Lirnited group of companies. Following their reSnationS as trustees in 2024. Mr J G Jennings and Mrs J Nash are no longer related parties of the charity. Followng their appointments in May 2024, the new Iruslees became re18ted parties of the charity. None of the new tnjstees hokj directorships within the John Goc*J & Sons Limited group of companies. Page 6
Matthew Good Foundation Trustees. report (continued) for the year ended 31 December 2023 Small companies note In preparing this report. the trustees have iaken advanlage of the small companies exemptions provided by Section 415A of the Companies Act 26. port was approved by the tM)ard on 171 q This and signed on its behalf. K J Harrison Trustee Page 7
Matthew Good Foundation Independent exarninerfs report to the trustees of Matthew Good Foundation Independent Examiner'g Report to the Trustees of Matthew G(K>d Foundation I report to the charity trustee$ on my eXaMinan of the accounts of the chafitable company for the year ended 31 December 2023. Responslbllltles and basls of report As the charity trustees of the charilable company (and also ils diteclors for the purp)ses of company lawl you are responsible for the preparat of the accounts in accordance wilh the requiremersts of the Companies Act 20 I'the 2006 Act,). Having satisfied myself Ihal the accounts of the company are not required to be audited under Part 16 of the 20CE Act and are eligible for independent examination. I report in respect of my examination of your charitable company's accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Act,). In carrying out my examination I have folkn¥ed the Directions given by the Charity Commission under section 145{5)Ib) of the 2011 Act. Independenl examiner¥ slalement Since the charitable company's gross income exceeded £250,000 your examiner musl be a member of a lJ)dy listed in section 145 of the 2011 ACL I confimi thal l am qualified to undertake the examination because l am a member of ICAEW, whh is one of the listed bc¥Jies. I have completed my examination. I confiTh that no matters have come to my attention in connection wlh the examination giving me cause to believe that in any material respect accounting records were not kept in respect of the charitable company as required by Section 386 of the 2006 Act,. or 2. the accounts do not accord with those reC{dS.. or 3. the a¢wunts do not cornpty with the accounting requirements of sectioll 396 of the 2006 Act other than any requirement that the a¢wunts give a 'true and fair view, whth is not a matter ¢ollsidered as part of an independent examination," or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for acwunting and reF)Qrting by chartties applicable to charities preparing their 8ecounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) I have no concerns and have come across no other matters in connection wth the examination to which attention should be drawn in this re[ in order to enable a proper understanding of the accounts lo be reached. William J Cowell. A.C.A Smalles Goldie Chartered Accountsnts Regent's Court Princess Street Hull East Yorkshire HU2 8BA Date.. 11 Page 8
Matthew Good Foundation Statement of financial activities for the year ended 31 December 2023 2023 2022 Note Unrestricted Unrestricted Income and 9nd0entS from: Donations and legacies Investment income 371.850 18,697 687,354 522 390,547 687,876 Expenditure on: Charitable acts'vitses Support costs 1321.932) {99.096) 1239,1951 164,191) N8t income {30,481) 384,490 Total funds brought forward S91,528 207,039 Total funds carried forward S61,047 591,529 The notes on pages 12 10 20 fomi part of these financial statsments. Page 9
Matthew Good Foundation Registered number: 07682465 Balance sheet as at 31 December 2023 2023 2022 Note Fixed assets Intangible assets Tangible assets Investments 4,320 572 9,680 724 14,572 724 Curront assets Debtors Bat)k and cash balances 50,252 S35,075 409,227 210,787 585.327 620,014 Creditors-. amounts falling due within one year 10 138,852) 129,209) Net assets 11 561,047 591,529 Funds General fund Designated private individual I business lund Designated medical research fund 211,601 322.904 26.$42 418.382 119.400 53,747 11 561,047 591,529 The trustees consider that the charity is entiued to exemption from the requirement lo have an audit under the provisions of section 477 of the Companies Act 2006 and rnernbe have not required the charity lo obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The trustees acknowledge their responsibilibes for COMp.g with the requirements of the Companies Act 20C6 with respect to accounting records and the preparab.on of financ1 ststements. The charitys financtal ststements have been prepared in 8ecordance wth the PrO$10nS applicable lo companies subject to the small cornpanies regime. ancial ststements were approved and authorised for issue by the board of trustees and were signed on its on beh K J Harrlson Trustee The notes on pages 12 to 20 form part of these ffinanaal ststements. Page 10
Matthew Good Foundation ststement of cash flows for the year ended 31 December 2023 2023 2022 Cash flows from operating activities Net income for the financial year Adjustments for: Amortisation of intsngible assets Depreciation of tangible assets Interest received Increase in debtors Increase in creditors DivKlends received from investments (30.481) 384,490 152 2.047 358.975 9.642 16,650 35 522 {409,2271 10.199 Net cash generated from operating adivities 357,525 (13,9811 Cash flows from Investlng actlvltles Purchase of intangible fixed assets Purchase of tangible fixed assets Purchase of unlisted and other investments Interest received 14,860) 17591 19.680) 12,047) (16,650) 15221 Dividends received Ngt cash from investing a¢tivitios (33,237) 11,2811 Net Increasel(decreasel In cash and cash equfvalents Cash and G4sh equivalents at beginning of year 324,288 210,787 115,2621 226.049 Cash and cash equivalents at the end of year 535,075 210.787 Cash and cash equivalents at the gnd of year c¢)mprise: Cash at bank and in hand 535,075 210,787 535,075 210,787 The notes on pages 12 to 20 forn part of these financial statements. Page11
Matthew Good Foundation Notes to the financial statements for the year ended 31 December 2023 A¢¢ounting polieles 1.1 Basls of preparation of fin•ncial statements The financial statements of the charitable company. whbth is a public benefit entity under FRS 102, have been prepared in accordance Ihe Charits"es SORP IFRS 1021 'Accounting and Reportin9 by Charities.. Staternenl of Recommended PraCte applicable lo charitses preparing their account5 in accordance with the Financial Rewrting Slandard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191,, Financial Reporbng Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Companies Act 2CK)6. The financial statements have been prepared under the historical cost convention. The principal accounting Fx)licies apF4ied in the preParatn of these financial stslernents are set out below. These FK)lioes have been consistently applied to all periods presented, unless otherwise stated. 1.2 Income All income is recognised in the slatemenl of finanaal activities once the charity has entitlement to the funds, it is probable that the income will be reeerved and the amount can be measured reliably. 1.3 Expendilure Ltabilities are recognised as eXperltUre as sn as there is a legal or coristructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost felated to the category. Where costs cannot be directly attn"buted to p8rticulaf headings they have been allocated lo actsvibes on a basis consistent wth the use of resources. 1.4 Taxation The charity is exempl from ¢orFrt)ration tax on its charitable activthes. 1.5 Fund accounting Unrestricted ftjnds are available for use at the discretiM of the tnjstees in furtherance of the general objectives of the charity. The fvnds of the ¢hanty are unrestricled. Degnated fvnds are unrestricted funds earmarked by the Iruslees for parb"cular purposes. 1.6 Intangible assets Intangible assets are inithqlly reccgnised at cosL After recLNJnition. under Ihe cost model. intangible assets are measured at cost bess any accumulated amottis81ion and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable eslimate of the useful life cannot be made, the useful life shall not exceed ten yeafs. The e$timaled useful lives range as follows.. Website 3 years Page 12
Matthew Good Foundation Notes to the financial statements for the year ended 31 December 2023 Accountlng pollcles Icontlnued) 1.7 Tanglble fixed assets Tangible fixed assets under Ihe cost model are stated at historical c051 less accumulated depreciation and any accumulaled impaiffnenl losses. Historical cost includes expenditure that is direclty attributable lo bringing the assel to Ihe location and condition necessary for f( to te capable of operating in the manner intended by managemenL Depreryab"on is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. using the straight4ine method. The estimated useful lives range as follows.. Computer equiprrent 5 years The assets. residual values. Usefvl lives and depreuation methods a Viewed, and adjusted prospectivety if appropriate. or if the is an indication of a significant thange since the last reporting dale. Gains and losses on disposals a detemined by comparing the pr¢e$ wFth the cafrying amount and are recognised in profil or loss. Investment Income 2.1 Valuation of investments Investments in subsidiarie$ a measured at cost less accLTrmulated impaimenL Investments in unlisted charity shares. whose market value can be reliably detemiined. are measured lo market value al each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be relblY detem)ined, such investments are ststed at historic cost less impairmenL Investments in listed company shares are remeasured to market value al each balance sheet date. Gains and losses on MeaSUreMent are recognssed in profit or loss for the penod. Page 13
Matthew Good Foundation Notes to the financial statements for the year ended 31 December 2023 Expenditure on charitable activities During the peri1, the charity supwrted the follrywing activibes: Support costs Grant glving 2023 2022 Grant giving Double match fvnding Employee draw Championing grants Grass roots t)onation match Grants for Good Films for Good 17,187 6,000 62.944 107.892 5,291 1.847 19.373 33,212 1,374 18,469 4.313 8.374 6,843 22,478 7,847 82.317 141.104 S,838 78,469 18.323 35.579 29,073 49,881 7,610 59.848 117,070 10,695 50,735 7.420 60,000 14.010 27.205 22,230 Race Medicine Other 127 321.932 99.096 421,028 303.386 Page 14
Matthew Good Foundation Notes to the financial statements for the year ended 31 December 2023 During the year. grants paid lo instilutions were as follcws.. Race Ready- £27.215 Mires Beck Nur$ery- £16.500 Catzero - £10,672 Clean Ocean Sailing- £10,500 Downright Special - £10.000 National Park Rescue - £10.000 Reef Wofkl Foundation - £10,000 Scotland The BKJ Piclure- £10.000 HER Breast Friends- £9,000 Humber Wellbeing Hub- £5.750 Yorkshire Wildlife Trust- £5.582 Billychip CIC - £5,000 City of Hull Street Angels- £5.000 Clean Planet- £5,000 ICMDA (Ukraine Appeal) - £5.OlXS Men in Sheds {Hulll - £5.000 The Junction - £5,000 Inga Foundation- £4,848 Access the Dales - £4,260 LAB7 CIC- £4,250 PTFA of Minster School- £4.166 Children's Hospital Chanty- £4.000 UK Wild Otter Trust-£4,000 Walking for Hope- £4,0(K) Fathoms Free- £3,500 Taking Baby Slep5 CIC- £3,500 Lions Club of Felixslowe - £3,386 Outkast Panda - £3,300 Leeds Hospitals Charity- £3,115 Sailors, Children's Society- £3,115 FIND- £3,000 Hull Samaritsns- £3.000 The Stephen Hughes Foundation - £3.000 OSPREY- £2.380 Care Across Communities - £2.500 Sland Tall Strength & Wellbeing - £2.500 Team 1C- £2,500 The Tribune Trust- £2,500 WISHH Hull- £2,500 9Trees CIC - £2,000 Evelyn's Gift- £2,000 Hedgerow Heroes- £2.000 Market Weighton Scout Group- £2.CMX) Lewannid( Primary School PTA- £2.000 Reel Creative - £2.000 Sanilree - £2.000 The Food Forest Project- £2.000 Moxie Foundation - £2,000 Youngwilders CIC- £2.000 Yourstance CIC- £2.1X)O Recycling Unlimited - £1.750 Cancer Research - £1.734 Hull Children's University- £1.650 Macmillan Cancer Support- £1,580 FBU Focd Campaign - £1.512 Dove House Hospice- £1.502 RSPCA Hull & East Riding- £1,500 Page 15
Matthew Good Foundation Notes to the financial ststements for the year ended 31 December 2023 Diversified- £1,4SO The Childrens Foundation- £1.341 Hull CVS - £1,250 Market Field Fami - £1.250 Ready Steady Read- £1.250 Sl Martins Scout Group Hull - £1.250 Peel Project- £1.200 Grants of £l.000 or less - £51.174 No grants were pa to individuals during the year. Support costs Administration Governance 2023 2022 Stsff costs Consultancy Accountancy Bank charges Sundry expenses Postsge & piinting Tr8velling Insurance Telephone & wrnputer Depreciation & amorb"sation 90.062 90,062 13,882 46,831 2,150 317 208 3.070 3,070 311 144 455 256 256 1,530 2,576 692 1,530 2.576 692 768 35 96.026 3.070 99,096 64.191 Page 16
Matthew Good Foundation Notes to the financial statements for the year ended 31 December 2023 Staff costs, trnstees. remuneratlon and beneffts Staff costs during the year were as folknws: 2023 2022 Wages and salaries Social security costs Cosl of defined contribution scheff 85,648 2.112 2.304 12,043 1,264 576 90,062 13,883 Trustees. expenses There were no ITUStees' expenses paid for the year ended 31 December 202312022.. none). Employee beneffts Short-term benefits Short-term benefits, induding hIdaY pay and other similar nonThmonetary benefils. are recognised as an expense in the period in which the seNice is recerved. b. Defined contribution plans The Charity operates a defined contribution Flan for its employees. A defined contribution plan 18 8 F*nsion plan under which the charity pays fixed contributions into a sepEr8te entity. Once the contributions have been paid the charity has no further payment oblig8tions. The contributions are recognised as an expense when they fall due. Amounts not paKI are shown in accruals in the balan sheet. The assets of the plan are held separately from the charity in independently administered funds The average monlhty number of emFAoyees during the year was as folh)ws'. 2023 No. 2022 Employees Page 17
Matthew Good Foundation Notes to the financial statements for the year ended 31 December 2023 Intangible assets Webstte Cost Additions 4.860 At 31 December 2023 4,860 Amortlsatlon Charge for the year on owned assets Al 31 December 2023 Net book value At 31 De¢ember 2023 4,320 At 31 December 2022 Tanglble fixed assets Computer equlpment Cost or valuation At 1 January 2023 759 Al 31 December 2023 759 Depreciation Al 1 January 2023 Charge for the year on i)wned assets 35 152 At 31 Dember 2023 187 Net book value Al 31 December 2023 572 At 31 December 2022 724 Page 18
Matthew Good Foundation Notes to the financial statements for the year ended 31 December 2023 Fixed asset inveslments Unlisted investments Cost or valuation Addilions 9,680 Al 310ecembef 2023 9.680 Debtors 2023 2022 Other debtors Prepayments 49,830 422 407,846 1,381 50,252 409,227 10. Creditors: Amounts falling duo within one year 2023 2022 Unpaid applications Other taxatson and soctal security Other creditors 28,241 2,632 5,184 2.795 21,521 3,715 1,037 2,936 Accruals 38,852 29,209 Page 19
Matthew Good Foundation Notes to the financial statements for the year ended 31 December 2023 11. Movement In lunds Transfers between funds At31 December 2023 January 2023 Incoming Resources resources expended Unrestrlcted funds General fund Designated private indNidual or business funds 418.382 165.057 1323.626) (48.212) 211.601 119.400 225,490 (70.198) 48.212 322,904 Desi9nated medical research fundg 53.747 (27.205) 26,542 Total funds 591.529 390.547 1421.029) 561,047 Designated private individual or business funds We encourage donors to open a fund to Pfovide a simple altemative to establishing an independent Trust or Foundation themselves wtth donations held wthin designated funds with the private individuals or direeiors of the business directing the funds. During 2023, a donation that had been made ty an indivMJual in 2022 was moved lo a designated fund, allowing the indNidual involvement in directing the fund. Designated medical research funds The trustees designated an eamiatked ftjnd of £97,427 for medical research into the Tnedical practice and treatment of illnesses commorbly found during marathons and other similar events of which the remaining balan on the fvnd is £26.542. 12. Related party transactions During the year, the charity received donabon$ amounb.ng to £133.37212022.. £517,003) from John Good & Sons LirrIed. Page 20