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 h￿her 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 m￿r0-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 W￿th 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 pas￿On 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 suP￿rt 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 polit￿al or relIg￿￿S 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
wh￿h 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 exp￿1 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 for￿ard, 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 comrr*rcial 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 re￿pIentS 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 a￿ptable. 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, Charits￿e 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 appliCa￿e 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 ap￿Y them ¢onsi$tently,'
make judgernents and accounting estimate5 that are reasonable and prudent",
prepare the financial statements on the going con￿rn basis unless it 1$ 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 p￿venb0n
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 aC￿unts 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 C￿mpanieS 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.
p￿ell

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 appl￿ble 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 RepU￿1C 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 r￿Ned 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 ￿n￿Stent 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 aC￿mUlated 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
EM￿oYee 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 o￿an 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 Can￿r 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 empIry￿r 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 D￿ernber 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 proV￿e 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