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 {ap￿inted 15 May 20241
Regi$tered company number
07682465
Registered charity number
1143550
Registered offlce
Quary House
He￿ewOOd 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 G￿1 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 fo￿rd 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 S￿la1 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 M8￿Mise 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 mIn￿lty 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 o￿n 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 8￿WaYS 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 a￿ePtsb1e. 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 Art￿leS 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 r￿aPPOInted.
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 Object￿nS 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 reS￿nationS 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 2￿6.
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 eXaMina￿n 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, wh￿h 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 9nd0￿￿entS 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 financ￿1 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 PraCt￿e 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 preParat￿n 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 eXper￿ltUre as s￿n 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. De￿gnated 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
rel￿blY 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 peri￿1, 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 h￿IdaY 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 De￿mber 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 Lirr￿Ied.
Page 20