Reglstered company nurnber: 07682465 Reglstered charity numbgr: 1143550 Matthew Good Foundation Unaudited financial statements for the year ended 31 December 2024
Matthew Good Foundation Reference and •dmini$trative details of the charity, its trustees and adviser¥ Trustees TDAGocxJ J G Jennings (resigned 28 March 20241 K J Harrison Mrs J Nash (resigned 15 May 20241 E J Bryden lapFx)inted 15 May 20241 J G Greenwocxj (appointed 15 May 2024) J Lewis lappoinled 15 May 20241 N P Mccann (aPFointed 15 May 20241 Registered company number 07682465 Registgrod charity number 1143550 Registered offi¢e Quarry House Hesslewood Office Park Ferriby Road Hessle Easl Riding of Yorkshire HU13 OLH Accountants Smalles Goldie Regent's Court Princess Street Hull East Riding of Yorkshire HU2 88A Solicitors Andrew M Jackson Marina Court Castle Street Hull East Riding of Yorkshire HU13RL
Matthew Good Foundation Conlents Page Chaimian's statement Trustees report Independent examinevs report Statement of financial activities Balance sheet 10 Ststsment of cash flows Notes to the flnanclal statements 12-20
Matthew Good Foundation Chairman's statement for the year ended 31 December 2024 2024 was another incredible year for the Matthew Good Foundatb)n. Our giving was hher than ever during the year, with more than £350,000 granted to good causes. In line with our strategy to support small charities, most funds awarded this year went to organisations with an annual income of less than £1 m, with 42% of our giving going to mr0-organiSatl0llS wth a yearty income of less than £50,000. A few highlights dunng the year indude- Supporting the Minorfem Foundation through its first fvll year of helping local ch8ri1ies Wth its own charitable giving programme. Facilitsling neady 500 volunteering hours by John Gcod Group employees across 26 non-profit organisations. - Supporting the launch of the Race Ready app which has seen a fantastic response with over 7,000 downloads in the first year. Being recognised as the Best Corporate Foundatson at the Third Sector Business Charity Awards., a testament lo the pasOn and dedication of everyone who has contn"buted to the Foundation's developrnent and growth. Supporting 142 good causes thanks to our generous partners and supporters. Our actsvilie$ are only wssible thanks to funding and Pr( support from the John GOLKI Group, and we are incredibly gralelul for their ongoing commrtment to supwrt the Matthew Gcod FoundatK)ll. We would like lo thank our trustees for their conb.nued guidance and suPrt and the whole team of employees, partners, and volunteers who help us make a diffefence to our beneficiaries. We are delighted that in 2024, we have grown our giving and provided much-needed Supp to many small charities working so hard lo make a differenee in local communitses. We would also like to thank Michelle Taft for her hard-wofk during her b.me wth the Foundats'on. Michelle has achieved so much during her tenure as Executive Director and has grovffl the Foundation lo be able to support so many non-pfofit oiganisalions. Thanks to Michelle's dedicalbon. the Foundation is now well-posiboned for the future. Tim Good Chairnian Page 1
Matthew Good Foundation Trustees, report for the year ended 31 December 2024 The Iruslees who are also directors of the charity for the purposes of the Companies Act 2006. present their report and the financial slalements of the charity for the year ended 310ecember 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK an(J Republic of Ireland IFRS 102) (effecbve 1 January 20191. Objectives ond activities a. Policies and objectives The Matthew Good Foundation stn'ves to make a meaningful impact on our eommunities and the wodd around us by supporting charitable causes that Postbvely impact people, srtiety. and the natural wodd. We do thi5 by empowering our partners lo support charitsble causes they care about through charitable giving programmes, and by working with small charities and community projects to provide unrestricted funding and support. Support provided is usually financial but can also be in the fomi of volunteering. Charitable causes are defined as any organisalion, group or individual Ihat is acting in the best interest of society. culture or the environment, excluding those ol polital or relIgS nature. b. Activities for achieving objectives Amplifying Small Charrties We know that new, srnall, and local charits.es are often able lo make a hu9e impact with a small grant, but many are currently going under the radar of the funding organisab.ons they need help from. This desire lo fill the funding gap for smaller ch8ri1ies is why we started our "amplify fund., to help tsrget gNing where il makes the most impact. Empowering businesses and indiv¥Juals We were created by the Gcx)d Family and their famity business. John Goc*J Group. Through our networks, we've learned that so many businesses and individuals have a desire to make a difference by supporting high-lmpact charities in their communities but do not have the conneth'ons, resources or experience to be able to confidently act on rt. So, as well as supporb.ng John GTh)d Group in its charitable giving endeavours, we are delighted to invite other like-minded businesses and indiwduals lo work wth us lo help them meet their unique goals, building a powerful philanthropic community capable of amplifying more small charities. Our programmes indude.. - Amplify Funding Programme$ We design and manage funding programmes that invite small charitable organisab'ons to apply to us for grants whh are funded by our partner businesses or individual philanthropists. Our programmes are our unique way of connecting organisations that are doing amazing work in our communiti.es. wth people and businesses that want to make a meaningful social impact. Charitable organisations can expect to work with a Foundation that understsnds their needs and helps them find unrestricted funding through a simFAe process, whilst indivKluals and businesses can exp1 to invest meaningfully in organisations that do so much more than lick a CSR box, providing them with a great sense ol pride. Page 2
Matthew Good Foundation Trustees, report (continued) for the year ended 31 December 2024 In 2024, our funding programmes included Grants for Gcrt)d. which is fvnded by John Good Group, and is designed to direct funding onty to small and growing k¢al charib"es. voluntary groups or social enterprises that are making a big impact on communities. people or Ihe environment. 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 incorne of less than £50.000 in the st 12 rronths. Have a bank account in the organisats"on'5 name. 2024 saw Grants for Good award £58,000 to 19 small charitable organisations distn"buted via unreslricted grants ranging from £2,000 to £5,000. In addition, we managed John Good Group's employee giving prografflme which ernpowers employees to support charities close to their hearts through a range of applicab.on types such as tripling the impact of employee fundraising, doubling the impact of charitable donations, and champion grants for small local charities. During 2024 we continued our partnership with family tNJsiness SDL Minorfem to help them connect and support local eh8rities. In 2024. this saw £24.000 donated acruss six k)cal charities that were nominated by their employees. We provide funding to selected small charitable organisations that need longer lem unrestricted support with the core costs vital to funning their organisation, funds which are harder to find in the funding sector. Funds are aimed al organisalions that meet the Foundation's tsrget Sustsinable Development Goals. Grants made in 2024 included,. £10,000 to Catzero, £10.000 lo Downright Special. £20.000 lo Reef Worfd Foundation, £38.675 10 Mires Beck Nursery. £10,000 to Borderline Greenway CIC. £10.000 to National Park Rescue and £10,000 to Clean Ocean Sailing. - Amplify Charity Films Often, charitsble organisations are not just dealing with a fijnding gap, but also wth an expertise gap when it comes to communicating their cause to a wide audien. As a f(MJnd8tion that has very close connections to 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 with more organisations who we could see would benefit from this type of help. In 2024, films funded by the Foundation included.. Sailors. Children's Society, W81king 4 Hope, TCCL. Humberwellbeing Hub. Ogmore River Clean. Fathoms Free. LAB7. and The WISHH Charity- Employee Volunteering Socially aware businesses often offer their employees paid lime off to volunteer, providing charities with valuable labour resoufce, and helping emFdoyees gain the experience and personal beneffts of helping local causes meaningfvl lo them. We provide volunteering programft to help charities access volunteers who are employees of our partner businesses. Corporate volunteering days can be a great way for charities to find a new demographic of volunteers, get help with large tasks, or even find a skn.lled volunteer for a SpeCrf type of work. The Trustees are delighted with the performance of our programmes during 2024 as well as the awarding of unrestricted fvnds to several small charities and look forward to developing these initiatives fvrther in the future. Page 3
Matthew Good Foundation Trustees. report (continued) for the year ended 31 December 2024 c. Achievgments and performancfj During the year, the charity raised £318,024 (2023.. £371.8501 to fund its work and monies expended on charitable aelivilies totslled £354.247 12023." £321.9321. At 31 December 2024, the charity had reserves of £443,381 12023." £561.046}. The charity does not attach a monetary value to the volunteer b.me of those who support us. d. Plans for future periods 2024 has been our biggest ever year of giwng, with over £350.OCff) going lo great causes. In 2023. we exceeded the milestone of £1 m in total grants 9wen since our inceptron. We're now fast approaching £1.Sm in total grants given. In addition lo the programmes we manage for the John Good Group, we're now managing sever81 donor- advised funds for indivKlual philanthropists and busillesses who share in our vision of 8mpltyng small charities, and we look forward to developing further partnerships over the coming years. Looking forard, you can expect to see the following" - utilising the experience of ¢JJr board of trustees We wethmed four new trustees to our team in May 2024. The trustee board now indudes expertise in fundraising, the small charity sector. small charity leadefship. and filmlmedia, all of which will be invaluable in our mission to supp)rt small non-profrts. The Foundation Is already seeing the benefit of this knowledge and experience. Expanding Funder-Plus Models As well as providing grants to support non-profits financialty, we are building on the other avenues of support that we can provide. From discussions with the non-profits we suppor( we can le8m where they would benefit from additional hands-on support and - through the John Good Group 2nd our wider network - we can arrange pro bono support in key areas such as markeb.ng as well as volunteer days. Building on our impact measurement We are already getting some really useful infonnalion from our impact measurement project, which is helping us lo focus our efforts where they VAII have the most meaningful impact for the non-profits that we support. We will continue to monitor the results from the project and use this infom)ation to help shape our plans for the future. - Welcoming our new Executive Director At the stsrt of 2025. we welcomed our new Executive Director. Kirsty Clark. With more than 15 years of experience in the voluntary sector. Kirsty has the skills to drive the next phase of the Foundation's growth and support it lo achieve its aims and objeclives. Publlc benefit confirniation The Trustees confirm that they have complied with the duty in section 17(5) of the Charrties Act 2011 with regard to public benefit guidance published by the Charity Commission. P89e 4
Matthew Good Foundation Trustees. report (continued) for the year ended 31 December 2024 Financial review . Going coneem After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational e$tenCe for the foreseeable future. For this reason they continue lo adopt the going concem basis in preparing the ffinancial statements. b. Investment policy Surplus fvnds that may from tirr lo time be available are invested in a bank deposits account. c. Reserves Reserves. which comprise cash deposrts. will be maintained at a level sufficient to cover the expected future levels of committed charrtable expenditure. The Iruslees designated an eamiarked fijnd of £97,427 for medical research into the medical pr2cb.ce and treatment of illnesses commonty found during marathons and other similar events of which the remaining balance on the fvnd is £1,705. The Foundation has committed lo funding a selection of eh8ritie$ 2nd not for profil organisalions with future commitments totalling £107,50012023". £216,400). Future funding is dependent on annual due diligence checks and is not obligated lo k paid if specified criteria has not been met. d. Fundrnlslng Pollcy Matthew Good Foundation raises funds in a number ofdifferent ways. Matthew Good Foundats'on receives the majority of its funding from the John Good Group. The John Good Group makes an annual donation to the Foundation. Matthew Good Foundation receives a diwdend payment from its minority share ownership of the John Good Group. We encourage donors to open a fund to provide a simple altemative lo establishing an independent Trust or Foundation. The Foundab'on does not use a professional fvjndraiser or comrrrcial participator to raise funds and we do not directly approach individual members of the public. however, donors can donate Ma our website should they wish to. During the year, no cofflplaints have been recetved about our ftjndraisng aetivities. Our fundraising practices comply wrth the Code of Fundraising Practi. . Grant making policy The majority of our grant making is in the UK," however, we occasionally grant funds to charities operating overse8s. Unless olherwse ststed, all funding applications are open lo non-profit organisati¢)ns. The potential recipient does not need to a registered charity to apply for funds, however, the organisalion must have chari18ble aims and a stnjcture in place to show that it is propedy run. Appropriate due diligence is always carried out before any grant is issued. Unless otheThMse stated in the grants guidelines for the separate funds we manage, we cannot support promotion ol purely religious or polikncal causes. For grants of £2.000 and above. we keep in touch wilh repIentS lo monrtor progress. Further applications for funding wll not be accepted unless our findings are satisfactory. Given the nature of the small organisations we work with. we try lo keep form filling to a minimum and prefer lo keep in touch on more personal basis. Where grants are paid periodully, the subsequent instalment of any gfant will not be paid unless our ongoing due diligence is carried out and deemed aptable. or in some cases. specific objectives have been met. Page S
Matthew Good Foundation Trustees. report (continued) for the year ended 31 December 2024 Structure, govemance and management a. Goveming document Matthew Good Foundation is a charttable company limited by guarantee. It was In(rpOrated 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 was changed lo Matthew Good Foundab"on. Matthew Good Foundali)n was registered as a charity on 25 August 2011. The charity was established as a company under a Memorandum of Association which estsblished the objects and powers of the charitsble company and is govemed under its Arb"cles of Associ8b'on. In the event of the charity being wound up members are required lo conth.bute an amount not exceeding £1. b. Trustees The directors of the company are also charity trustees for the purposes ol charity law and under the company's Articles are known as members of the company. Under the requirements of the Memorandum and Articles of Association new members of the company must be approved by the director5 before they can be admitted into membership. As set out in the Articles of Assocration there shall not be less than three trustees. At each annual general Meeting one third of the tnjstees shall reb.re from office. If the charity does not fill the vacancy Ihe fetiring trustee shall. if wlling to acl be deemed to have been re-appointed. The trustees mel during the year ended 31 December 2024 to supervise and fomially approve the management of the charitable activities. . Oryanisatlonal structure During the year, the day lo day activib'es of the charity were managed ty the trustees. d. Inductlon and training of new trustges When new Iruslees are appointed they are briefed on their legal obligations under charity law. the activities of the tnjstees and their decision making process, Charitse objectsons and activities and financial perfotmance. During the briefing they will meet the other trustees. e. Arrangements for setting pay and remuneratlon of key personnel The Trustees consider the Board of Trustees and the Executive Director as comprising the key management personnel of the charity in charge of directs'ng and controlling the charity,. and running and operating on a day-lo- day basis. Al Tru51ees give their lime freely and no Trustee remuneration was paKI during the year. Trustees are required to disclose all relevant interests and register them vth the Executive Director and, in accordance with the charity's policy, wthdraw from decisions where a conflict of interest arises. The Board of Trustees has responsibility for estsblishing the charity's pay policy. ensuring rts application in praclKe, and reviewng it on an annual basi5, including pay awards. The Board of Trustees is also responsible for detemiining the annual pay budget. When setting salaries. we baL4nce affordability, internal faimess and exiemal compeliliveness by benchmarki'ng similar roles. while also ensuring we are meeb.ng National Livinglminimum Wage. f. Related partles The charity's related parties comprise John Good & Sons Limited and its subsidiaries along with the charitys board ol trustees, of which Mr T D A G¢)od is a direelor of John Good & Sons Limited, and Mr K J Harrison is a director of Good Travel Management Limited. None of the new Iruslees lapwnted in May 2024} hold directorships within the John Good & Sons Limited group of companies. Page 6
Matthew Good Foundation Trustees. report (continued) for the year ended 31 December 2024 Trustegs. responsibililies ststgmgnt The Trustees are responsible for preparing the strateg report, the TNstees' rewrt and the financial statements in accordance with appliCae law and regulations. Company law requires the Trustees to prepare financial slatemenls for each financial year. Under that law the Trustees have elected lo prepare Ihe financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounts"ng Pracb"cel, including Financial Reporting Standard 102 'The Finanaal Reporting Slandard applicable in the UK and Republic of Ireland.. Under company law the Trustees musl not approve the financial statemenls unless they are sabsfied that they give a true and fair view of the state of affairs of the charity and of the profit or loss of the charity for that period. In prepanng these financial ststements. the Trustees are required to.. select suitabSe a¢ntIng policies for the charity's financial ststements and then apY them ¢onsi$tently,' make judgernents and accounting estimate5 that are reasonable and prudent", prepare the financial statements on the going conrn basis unless it 1$ inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping adequate accounb.ng records that are sufficient to show and explain the charitys transactions and disdose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial 5taternents comply wth the Companies Act 2006. They are also responsible for safegLFarding the assets of the charity and hence for takn'ng (easonable steps for the pvenb0n and detection of fraud and other irregularities. Auditors The auditors, Smalles Goldie Chartered Accountants. will be proposed for reappointment in accordance wlh section 485 of the Companies Act 2006. Small companies note In preparing this reF. the trnstees have tsken advantsge of the small companies exemptions provided by Section 415A of the Companies Act 2006. This report was approved by the board on ztsZ¥ and signed on its behalf. K J Harrison Trustee Page 7
Matthew Good Foundation Independent examinerfs report to the trustees of Matthew Good Foundation Independgnt Examinerfs Report to the Trustees of Matthew Good Foundation I report lo the charity trustee5 on my examinab.on of the aceounts of the ehaittable company for the year ended 31 December 2024. R8spongibilities and basis of report As the charity trustees of the charitable company {and also ils directors for the purposes of company lawl you are responsible for the preparalion of the aCunts in atxordance with the requirements of the Companies Act 20C6 I'the 2006 Acl'}. Having satisfied myself that the accounts of the company are not required lo be audited under Part 16 of the 20(E 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 Ihe Charits"es Act 2011 I'the 2011 Acri. In carrying out my examination I have followed the Directions gr¥en by the Charity Commission under section 14515llbl of the 2011 Act. Independent examinerfs statement Since the charitable company's gross income exceeded £250.000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qu81ified to undertake the examination because l am a member of ICAEW. which is one of the listed bLKlies. I have eompleled my examination. I confim that no matters have ¢xsme to my attention in connection wth the examination giving me cause to believe that in any mateiial resFeCt'. accounbng records were not kept in respect of the charitable company as required by section 386 of the 20[ Act., or 2. the accounts do not accord wth those records" or 3. the accounts do not comply with the accounting requirements of 5ects.oll 396 of the 2006 Act other than any requirement that the accounls give a 'true and fair VI which is not a matter Considered 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 accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporb"ng Standard applKable in the UK and Republic of Ireland {FRS 102) I have no concems and have come across no other matters in connection with the examinats'on to which attention should be drawn in this reFM)rt in order to enable a proper understanding of the accounts to be reached. William Cowell. FCA Smalles Goldie Chartered Accountants Regent's Court. Princess Street Hull HU2 8BA Date.. Page 8
Matthew Good Foundation statement of financial activities for thg yfjar ended 31 December 2024 2024 2023 Note Unrestricted Unrestricted Incorne and endowments from: Donations and legacies Investment income 318,024 24,418 371,850 18,697 342,442 390,547 Expenditure on: Charitable activitie5 Support costs 1354,2471 1105,8611 1321,9321 199,0961 Net Income 1117,8661 130,4811 Total funds brought forward 11 561,047 591,528 Total funds carried forward 11 443,381 561,047 The notes on pages 12 10 20 fonn part of these ffinancial statemenls. Paje 9
Matthew Good Foundation Registered number: 07682465 Balance sheet as at 31 December 2024 2024 2023 Note Fixed assets Intsngible fixed assets Tangible fixed assets Fixed asset investments 2.700 420 9.680 4,320 572 9,680 12.800 14,572 Currenl assets Debtors 13,128 439.726 50,252 535.075 Bank and cash balances 452.854 585,327 Creditors.. amounts falling due within one yeaf 10 (22,274) 138,8521 Net assets 11 443,380 561,047 Funds General fund Designated private indmdual I business fvnd Designated medical research fvnd 122.801 318.874 1.705 211,601 322,904 26,542 443.380 561,047 The trustees consider that the Charity is entiued to exemption from the requiremenl to have an audit under the provisions of section 477 of the Companies Act 2006 and members have not required the charity lo obtain an audit for the year in quesb.on in accordance with section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for complying the requirements of the Companies Act 2006 with respect lo accounting rewds and the preparation of financial ststements. The charity's financial statements have en prepared in accordan¢e with the provisions applicable to companies Subject to the small CmpanieS regime. The beh nancial ststemenls were approved and authorised for issue by the LK)ard of trustees and were signed on its K J Harrison Trustee The notes on pages 12 to 20 foryn part of these financial ststemenls. Page 10
Matthew Good Foundation Statement of cash flows for the year endgd 31 December 2024 2024 2023 Cash flows from operating actlvltles Net income for the financpl year Adjustrnents for: Amortisalion of intangible assets Depreciation of tangible assets Interest received Increase in debtors (Decreasellincrease in credilors Dividends received from investments 1117.666) 130.481) 1,620 152 6,936 37.124 116.5791 17.482 540 152 2,047 358,975 9,642 16,650 Net cash generated Ir¢xn operating a¢tivities (70,9311 357,525 Cash flows from Investing activilies Purchase of intangible fixed assets Purchase of unlisted and other investments Interest received Dividends received 14,860) 19,680) 12.047) 116.6501 16,9361 (17,4821 Ngt cash from Investing activitios (24.4181 133,2371 Net (decrease)fin¢rease In cash and cash equivalents Cash and cash equivalents at beginnin9 of year 195,3491 535.075 324,288 210,787 Cash and ¢ash equlvalents at Ihe 8nd of year 439.726 535,075 Cash and cash equivalents at the end of year comprise: Cash al bank and in hand 439,726 535,075 439,726 535,075 The notes on pages 12 10 20 fom part of these financial statements. pell
Matthew Good Foundation Notes to the financial statements for the year ended 31 December 2024 Accounting policies 1.1 Basls of preparation of finan¢i•l statements The financial slatemenls of the charitable company. is a wblic benefit entity under FRS 102, have been prepared in accordance Ihe charib.es SORP (FRS 1021 'Accounling and Reporting by Charities." Ststement of Recommended Practice applble lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191.. Financial Repotting Standard 102'The Financial Reporting Standard applicable in the UK and RepU1C of Ireland. and the Companies Act 2006. The financial statements have been prepared under the historical c05t eonvention. The principal accounting wlicies applied in the preparation of Ihese financial statements are sel out below. These policies have been con5iStenUy applied to all periods presented, unless otherwise stated. 1.2 Income AJI income is recognised in the st8temenl of financial activities once the charity has entillemenl to the funds. il is probable that the income will be rNed and the amount ean LE measured reliably. 1.3 Expenditure Liabilib"es are recognised as expenditure as soon as there is a legal or constructive obligation committing the Charity to that expenditure. it is probable that a tr8nsfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure ig accounted for on an accruals basis and has been classified under headin9S that aggregate all cost related to the category. Where costs cannot be direcily attributed to parts"cular headings they have been allocated lo activf(ies on a basis nStent with the use of resources. 1.4 Taxation The charity is exempt from corForation tax on its charitable acb"vibes. 1.5 Fund accounting Unrestricted fvnd$ are available for use at the discrets.on of the trustees in furtherance of the general objectives of the charity. The ftjnds of the charity are unrestricted. Designated lund$ are unrestricted funds earmarked by the trustees for particular purposes. 1.6 Intsngible assets Inlangible assets are inilialty recognised at After recognrtion, under the cost model, intangible assets are measured at cost less any aCmUlated amortisation and any accumulated irnpaiment losses. Atl intangible assets are considered to have a finite useful life. If a reliable esb.mate of the useful life cannot be made, the usefvl life shall not exceed len years. The estimated useful lives range a$ follows". Website 3 years Page 12
Matthew Good Foundation Notes to the financial statements for the year ended 31 December 2024 Accountlng policies Iconlinued) 1.7 Tangible fixed assets Tangible fixed assets under the cost model are ststed at historical cost less accumulated depreciabon and any accumulated impaimient losses. Hislorical cost includes experidilure that is direcuy attributable lo bringing the asset to the b)calion and condition necessary for it lo be capable of operating in the manner intended by management Depreciation is charged so as to allocate the cost of assets less their resmlual value over Iheir e5tbm8ted useful lives. using the straighl-line nEthc*J. The estimated useful lives range as follows: Computer equipment 5 years The assets. residual values. usefvl INes and depreciation methods are reviewed. and adjusted prospectively rf appropriate. or if Ihere is an indication of a significant change since the last reporting d81e. Gains and losses on disposals are detennined by comparing the proceeds with the carrying amount and are recognised in profit or10sS. Investment incorne 2.1 Valuation of investments Investments in subsidiaries are measured al cost Fess xcumulated impaiment. Investments in unlisted charity shares. whose market value can be reliabty detemiined, are remeasured to market value at each balance sheet date. Gains and losses on remeasuremenl are reeognised in the Ststement of o)mprehensive income for the peiiod. Where market value cannot be li8bly detennined. such investments are stated at historic cost less impainment. Investments in listed company shares are rerneasured to mafket value at each balance sheet dale. Gains and losses on remeasurement are recognised in profit or loss for the period. Page 13
Matthew Good Foundation Notes to the financial statements for the year ended 31 December 2024 Expenditure on eharitable actlvlties During the pericKI. the charity supported the following ath"vities'. Support costs Grant givbng 2024 2023 Grant giving Double match funding EMoYee draw Championing grants Amplify grants Donation match Grants for Good Amplify films Race Medic4ne Other 16,137 3,000 51.229 147.281 4.423 58.000 15,65S 32.475 26.046 4.822 897 15,309 44,013 1.322 17.332 4.678 9,705 7,783 20.959 3.897 66,S38 191,294 5.745 75,332 20,333 42,180 33,829 22,478 7,847 82,317 141,104 5,838 78.469 18.323 35,579 29,073 354,246 105.861 460.107 421,028 Page 14
Matthew Good Foundation Notes to the financial statements for the year ended 31 December 2024 Dvring the year. grants paKI to institutions were as follows: Mires Beck Nursery- £38,675 Race Ready- £30.167 Green Fins l Reef Wodd Foundation - £20.000 Bordedine Greenway CIC - £10,000 Cal Zero- £10,000 Clean oan Sailing - £10.CKX) Downright Special - £10.000 National Park Rescue- £10.fXM) FIND- £9.420 Samaritans of Hull - £9,000 Riding for the Disabled, North Ferriby- £8,000 Sailors Children's Society - £6,400 Hidden Disabilities- £5,5ty) Talking A)ut Loss- £5,500 Bethel Trust (Baby Bank) - £5,OCKJ Menopause and Cancer- £5,000 The Junction - £5,000 Hull Children's UnNersity- £4,146 Babbington Dog Rescue- £4,000 Ben's Den - £4,000 Dronfield Community First Reswnders- £4.000 Fairp18y- £4,000 Howarths Foundation - £4,000 Stairfool Focxjbank - £4.000 Ogmore River Clean - £3,750 Heart of Argyle Wildlife Organisalion - £3,500 Mount Vernon Canr Centre- £3.500 PramDepot- £3,500 Thousand Year Trust- £3,500 Wirral Barn (hvl Tru51- £3,500 Access the Dales- £3,293 The Stephen Hughes Found*ion - £3,000 Headway- £2,785 Feed the Birds- £2,5 Heirs- £2,500 HER Breast Friends - £2.5(Kl The Ocean TnJst- £2,500 Rens Rescue - £2,500 RSPCA Hull & E8sI Riding - £2.500 Thrombosis UK- £2.410 Humberwellbeing Hub- £2.340 Cetscean Reseafch & Rescue Unit- £2.)0 Endo Buddies- £2,000 Getting Clean CIC- £2,0 Halifax Wheelchair Rugby League Club - £2.000 Karima- £2,000 OSPREY- £2,000 Poole Sailability- £2,OC(I Sense-£2,000 South Yorkshire Charity Mentors- £2,1)00 Thames Seal Watch- £2.000 Weswim - £2,000 Wildlings - £2,000 WISHH Hull- £2.tyJO Children First Derby - £1.500 Men in Sheds {Haltemprice)- £1.500 The Peel Project- £1.500 Page 15
Matthew Good Foundation Notes to the financial statements for the year ended 31 December 2024 Fathoms Free - £1,410 Walking for Hope- £1.338 TCCL Lodge- £1,315 Macmillan Cancer Support- £1,220 Yorkshire Wildlife Trust- £1,164 Distinguished Gentleman's Ride {DGR) - £1,131 Leeds Hospitals Chanty- £1,124 Grants of£1,000 or less- £36.141 No gfanls were paKI to individuals during the year. Support costs Administration Governance 2024 2023 Staff costs Accountancy Bank Charges Sundry expenses Postage & prinb.ng Travelling Insurance Telephone & computer Depreciation & amortisation 97,093 97.093 3,126 157 70 105 90,062 3,070 311 144 3,126 157 70 105 152 2.198 1.186 1,772 455 152 2.198 1,186 1,772 256 1,530 2,576 692 102,733 3,126 105,859 99,096 Page 16
Matthew Good Foundation Notes to the financial statements for the year ended 31 December 2024 Stsff v)sts, tru$tee$' remuneratlon and benefrts Staff eosts during the year were as fcllows: 2024 2023 Wages and salaries Social securty costs Cost of defined contribution Sche 89.877 4,901 2,315 85,646 2.112 2,304 97,093 90,062 Trustees. expenses One of the trustees had their travel expenses met by the charity for the year ended 31 December 2024. The total value of these expenses was £15212023.. none). Ernployee remuneration One employee received remuneration (excluding empIryr pension costs) of beiween £60.001 and £70,000. Employee beneffts a. Short-temi benefits Short-term benefits. including holiday pay and other similar non-mnetary benefits. are recognised as an expense in the period in which the service is receNed. b. Defined contribution plans The charity operates a defined contribution Flan for its employees. A defined conlribub'on plan is a pension plan under which the charity pays fixed conlribub'ons into a seperate entity. Once the conlribub.olls have been paid the charity has no fvrther payment obligab"ons. The contributions are recognised a$ an expense when they fall due. Amounts not paid are shown in accrua15 In the balance sheet. The assets of the plan are hekj separately from Ihe charity in independentty administered fund$ The average monthly number of empbyees during the year was as follows.. 2024 No. 2023 No. Employees P4e 17
Matthew Good Foundation Notes to the financial statements for the year ended 31 December 2024 Intangible assets Webslte Cost At 1 January 2024 4,860 At 31 December 2024 4,860 Amortisatlon At 1 January 2024 Charge for the year on owned assets 540 1,620 At 31 Dernber 2024 2,160 Net book value Al 31 December 2024 2,700 Al 31 December 2023 4,320 Page 18
Matthew Good Foundation Notes to the financial statements for the year ended 31 December 2024 Tanglble flxed assets Computer equipment Cost or valuation At 1 January 2024 759 At 31 December 2024 759 Oepreclation At 1 January 2024 Charge for the year on owned assets 187 152 At 31 December 2024 339 Net book value At 31 December 2024 420 Al 31 December 2023 572 Fixed asset Investments Unlistgd investments Cost or valuatlon Al 1 January 2024 9,680 Al 31 December 2024 9.680 Debtors 2024 2023 Other debtors 11,833 1,295 49,830 422 Prepayments 13,128 50,252 Page 19
Matthew Good Foundation Notes to the financial statements for the year ended 31 December 2024 10. Croditors." Amounts falling due within one year 2024 2023 Unpaid applications Other taxation and social security Other creditors AccnJ8ls 5.094 2,804 3,665 10,711 28,241 2,632 5,184 2,795 22,274 38,852 11. Movement in funds At1 January Incomlng Resources 2024 resources expended Transfers between funds At31 December 2024 Unrestricted funds General fund Designated private indNKlual business funds Designated medical research funds 211,601 86,597 1168,5031 16,891) 122,804 322,904 255,846 1266,767 6,891 318,874 26,S42 124,837 1,705 Total funds 561.047 342.443 1460.1071 443,383 De$•gnated private individual or bvslness funds We encourage donors to open a fund to proVe a simpbe altemalive to establishing an independent Trust or Foundation themselves with donations held within desgnated funds with the private individuals or directors of the business directing the funds. During 2024, 8 donation that had been made by an indiwdual in 2023 was moved to a designated fund, allowing the individual involvement in directing Ihe fund. Deslgnated medlcal research funds The trustees designated an eamiarked fund of £97.427 for medical research into the medical practs'ce and treatment of illnesses commonly found during marathons and other similar events of which the remaining balance on the fund is £1.705. 12. Related party transactions During the year. the charity received donations amounting to £223,86212023: £133,372) from John Good & Sons Limited. Page 20