REGisfERED COMPKYY NUMBEIL. 11997141J7 IEDgla#d aDd Walu) REGISTERED CHARtrY NUMBEIL. 1184719 REIY)RT OF THE TRUSTEES AND FINANCIAL STATEMEKtS FOR THE YEAR ENDED31 JANUARY 2024 FOR THE MAThEW LUDLAM FObThDATIO,Y P B Syddati & c 81 Chcylry Old Ro*1 BLI 3A1
THE MATnlEW LUDLAM FOUNDATION CONTEWTS OF IHE FINLNCIAL STATEMENt3 FOR THE YEAR E7)ED31 JANUARY 21ll4 Report of the TrMth¢¥ I to 3 Indedettt R¢ Stst¢me•¢ ofRM#aal Aellwities Notej to the Stst¢th¢Ats 8 to 12 13
THE MATtHEW LUDIAM FOUNDATION REPORT OF TIIE TRUSTEES FOR THE YEAR EI¥DED 31 j'ARy 21)24 The tnmees who are a]50 diraXLK5 of dwity pur[th of Ce$ Act their rew)rt wtth the fintinciai sthtunerts of the ¢hffrity for the year 31 Jartw 2024. The tru4ees have aw provisions of A¢couTn8 aThJ ReEX)rtin8 by Ch8ritie&' Ststemert of Rttcm)m¢ akyltcable fo clwities FreFwin8 their actow)ts in accord the Financid Rwllng aN>11]e iti the UK gtrj Rybli¢ of Irel (FRS IIY2) (effective l January 2019). O&JECTIVES AND AcfivTfiLS ObJettives Ind #ln The obje¢tive5 of the clwity are w fvx¢ such charitsbie for the wblic (xcuding to the 14w of En8larKI and Wales) as the Tnwe¢smay K¢ fiL in pwuoJlv(Itw)4h Thx limitd to).. (b) r¢vtIc or rtlief of m. (¢) the reliefof tlmxe in nced by reasL ofa8q Y ill.1} di. hArdship oratthdisthantaBe. The Matt? Ludam Scklarships Are 8rnnts awarded to the E¢5t and brighttst $llth, & identified by The Universkty of Man¢hester. enable them to •x¢ss a world ckn ryrdk$5 of tr finan¢io] sIttion or socittl The trusie¢s meet regularly lo plan the chriws lltieS the year. The cl]arity has made a si8nificant public bene by sup1]ng disthantaged 5tth at The Utjivastty of M&be¢r in accord with charitys objtttiyes. Thetrustets have wen rewd to the Bul wblK Ixnefrt publi41 by the Chnrity Commissim. ACHIEVEME[ AND PERFORMANCE arll¥ble activltle• Planniti8 with Real Eate'. Fk is Th)w enwl0Y fijll tiTM with a hi8hty rwrded PloM1 Ccrtwlw in MaN4. Ancrfher stud2nt was tderttifiwj as • pthtial recipiart of the The Matth¢w Lth Sdv)lthip. After 8Eining a ple at Univetstty College Lon<kn (UCL) ing Bsc ipTt&n Plgnnitig Real Esthte 8t the B8rtJ¢tt Scknol of PI8Tmin& it was dld to provide fithig for her 5tLwth¢& T)Jrin8 IK)liday she otrfaintsj 8 placemart with stk[ mcrfkl at mand5 Univa5ity is #ill being discuss&1 wssible in 2024. Itw&s decided JKrt to wovid¢ futswe Burs fimdin8to ts university. The Foundation has been appnxha for fur¥Jin8 by a few tqties over 12 mrK)d Eh w&s aceording to their decla ÉKed% aTrJ rryuirementy Followll a w mwk a I1 CLKlI1( and The FrieThl4 of Marie tlSe Garden5'. it WAS reg)Ived w mide furth8 for imwemurts wblsc amcnitie5 Within the 5. This will be reviemtd annuolly.
THE Th£4ThHEW LiJDIAM FOUNDATION REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 JANLARY 24 ACHIEVEMENT AND PERFORMAI¥CE Fundr•lslllg Artivitieg The sale of The POP House c<ryl¢ted in 2023 8Th1 Ims fimds f(ff the FodtiO The clwrity h&5 tIV ¢kn8ti(XL4 frixn iThlIvid1s #Mth8 to Q491 in the year to J&Y 2024. DonatiC$ ar¢ raisa fr(xn a netsvork of conws 4nd no fim&aistn8 evurts were held in the r. objecttves rernain the same in Articl¢s of Associa dtte 26th janu 2016. Valthle vintage vehicle5 valwj at £70.{ ATXI a Mi¢wbishi I2 val at £Ifi wue gift to tl charity by a tnmee. The valw of thes¢ will be ttde£ln death ¢x eulier followin8 discussico) with th¢ contribut. FINANCIAL REVIEW Tr)naneial position The m8ri8] inv¢8tments of the charity have kn held in a residentia] 5 Pgrkfield R(Md South in the hi.ve ffsidential 8rea of West Did$ry. Prom wices in the arta have inryea8 hisriCAllY over 8 1(m8 p¢rioJ of time and h8v¢ seen a eorLSitkrabk risc in the l&< few years.Tr w)F*ty is revatj a[UallY indwdent est The charity purthgsed in November 2016 Sing a frLYn Ms K Lowe (a tnwee of the ¢h&rity). The charity paid th¢ inwest this I(The 81 of £35&941 was to Ms K following the saJ¢ of The donatiOll5 fr(xn individud5 aNI companies from time to tune. Variable re5erve5 aff hekl wlhith we I111 an knis to the s¢lxolaThhipthwwie5 wthich ar¢ awarded at the of c acadenuc ternL The dmrity alxs Iws pkn to distrilwtr to th withr c(rnUrrity in li with its aims and objtIves. coneern th¢ goijw eoneern basi& STRUCTURL GOVEKNANCE AND MANAGEMENT Governin8 docume#t The chuity 1$ control by its governi a th¢d of a limitrd eanpwty. ItEnil&l by REFERENCE AND ADYINISTrATIVE DETAILS Rtgi4t¢Yed coMaY nymbEr 09971407 (England and Wales) R¢gts¢end Chartty nmnbber 1184719 g) Palatine Rc Manchest M20 3JQ
THE K4TfHEW LUDL4M FOUNDATION REPORTOF THE TRUSTEES FOR THE YEAR EI¥DED 31 JANUARY 2024 Trystee8 R MAwd51ry R Kendrick S McNffMy 14depeudent EAamin¢T Mr Adam J. Syddall M.A.. F.CA P B Syddall & Co 81 ChorEey Old kl Bolion BLI 3AJ Approved by order of the txwd of trus*es th 211kn2024 and Sid its ithlf by.. S M¢Nw. ThLStee
D£PEliDE EXAMINER'S R£PORT TO THE TRusfEES OF THE MATTHEW LUDLAM FOUNDATION lfjdeptndent exgminees rtport to the trustws of The Matthew L•dl•m Foun150 Cthe Compoy.) R¢sp)ngibi]ities Ind of rep)rt As charity'5 tne¢s of tl C(thpw (WKI also tts dir for the purp of c(PanY law) you are respon8ible for Having sat15fleA myself th# the of the are not rtyutrNI to be 8utTted uth Part 16 of the Th Act d are eligible for exwnirntMj I repxl in respea of my examin of y tharity's &LXXrts as out under knion 145 of the Ch8rilie5 Ad 2011 Cth 2011 Arf). In Crying my exami l ¥¢ follow1 the Direaions given by Charity. commissi£ undu kni£ 145(5) (b) ofthe 2011 A(£ Wependent examlmerfs statement Sinee yow ¢haTiry'S income excgaled £250.(K¥J yow examirtt must E% a memi of a li5tyJ W. I confirni Eng]and aTHI Wales. whi¢b 1$ one ofthe lists4 IK#Ji¢& I hve ¢ompleted my examinati(. l ¢(mfirni thi TK) Imve my atyabti(m in with the examination gtving me ¢•use to tlieYe: ac¢crtmtin8 re¢<ts wert in resF¢LX of the c( 05 rryuired by Sticffl 386 of the 21KJ6 Ac¢ the a¢ww th) txrf comply with the ¢( requirryntyts of Seuic) 396 of the 2 ALX other th2n any requirement th the acc(KJrts give a aThJ fair view wllich is nrA a maltef C(widered as irt of an examination. or Reetht]meThJed PraLXi¢x for and reIn8 by chtrttits (atvlicable to dwities werAring thetr acco5 in accorda¢ with the FitwKiat Rti StsThknd 4ylic•ble in the UK aNI R9lIC of Ireland (FRS 102}). y•J Mr Adam J. Syddall MA.. F.C. P B SYddl & Co Grnfton H(xkse 81 Ch(thy Old R(a BLI 3AJ 21 October 2024
THE MATfHEW LUDIAM FOLryDATION STATEMENT OF FINNcIAL ATrIEs FOR THE YEAR ENDED 31 JANUARY 2024 31.124 Unrrstiicted 31.1.23 Totsl INCOME AliD ENDOWMENTS FROM Donation5 and legacies 2A91 86.950 21840 38257 125207 EXPENDITURE Oi RAisin8 furt(b 33293 CbTltble Aedwlth• 15(Kl (82) 124 Tt)t*l 57.917 NET INCOME 672 RECONCILIATION OF FUNlkS 861.421 794.131 TOTAL FUNDS CARRIED FORWARD 1351,979 861,421
THE MATTHEW LUDIAM FOUNDATION BALANCE SHEET 31 JANUARY 2024 31.124 31.123 Unmtdet¢d Total hnd FIXED A&SET6 Tangible assets 14.667 70.0(KI i.i(x).( I,IK95) 1,184.667 Cesh at 109 39JE6 CREDrfoRS Amts flin8d within ()eye4r (359.021) NET CURRENT A&8Ers 71m9 (319.655) TOTAL Assrfs LE CURREiYr 1251,979 865.012 CREDITORS AMots f811in8 aft¢r more th&rt (ttyar (3.591) NET ASSETS IJSl,Y19 861,421 FUNDS 1251,979 861.421 1251979 861.421 eEthJ 31 January 2024. 31 Januwy 2024 irt xcordaKe with Seaiffl 476 ofthe C(ryAni¢5 Act 2(Kl5. (a) e¥L5urin8 that thc charit4)le (¥xnFWry kew recud5 ts ¢(fflpty wtth Wiorfj 386 8thJ 387 of the Comp8nies Acl 21NJ5 aNI (b) preparin8 fintiTKial whh wv¢ 8 tnx fair view of the * of affatrs of the clwritable e4xnp8ry as the c1 of fiTran ye4r aThJ of its for eh filwc1 yev in aC¢Cfdw with the r4uirem¢nts of WiotL4 394 aTrd 395 8ThJ I1¢h ¢xhuwi* cthipty with the requir•TKnts of the cnpanIeS Aet
THE MATTHEW LUDIAM FOiLNDATK)N BAIANCE SHEET. coNti•ued 31 JAliUARY 2024 SUbjt to the 5rnail companie5 rewn%. '"&vJ ai its behdf by: S McNerney. TnL*e
THE MATtHEW LiJDLAM FOUNDATIOIY NOTES TO THE FLNLYCIAL STATEMEhlS FOR THE YEAR EI¥DED31 JANUARY 2024 ACCOUNTING POLICILS B&is of pr¢p4rins th¢ fin¢1 $latemtnts The financi ststrrnts of the charithble LThiPWry, 1¢h is a wblic benefit attity FRS 101 ve sryarul in ac¢(vdw with the Chariti¢s SORP (FRS 102) 'Ac¢tyJnttng aThJ Rwtin8 by Charitie5: Statement K¢p)rtin8 Statmlard applicb]e in UK aryl Ryblic of I]8[1 IFRS 102) (efftiv¢ l 2019),, Financial RwniDg 102 Tr Fi¢11 RwDn8 Stsrthd applie4ble in the UK 8ThJ Republi¢ of Inetsm¢ All inc(Nne t5 rwised in the of Aaivtlies once the tharÉty l•s emidaett to the fjJnd& Ét 15 tffotrble the inc4)me will te recekved aNI the m¢Wr reliably. EipeDdltNre Liabilities are Twis as exKII 4$ SfTh is 8 Iwl obli8ation c(nmilliN8 the charity to that eX[littry it is wolble that o transfer of lLOrnIC i%nefrts wryll Ix rts4Uirtd in settlement and the arnnt of tl obligation can be mawrtyj Teliably. Exrxnditw¢ is (41 th u21s Iwi$ A¢MI has been classified under h¢•Jin8s that aggfewe all the Legoy. wsts c&nn(A be direaty not accnd as ex1¢. Tngilth flx¢d • DeplatiOn is wovidoj * the fi)Ilowin8 rnte5 in (rdeT w write off exh asset over its ethwted use7 life. Mrttr vehicles ve4im¢Th¢ prowty fair Wa] ts reewisa in the Stat4ne¥rt of Fila1 Aaivitie& Ti#tio The charlty is ¢xemw fftThn itsdwitable x*ivities. Fu•d aetountl
THE MATTHEW LUDL4M FOiJNDATION NOTES TO ThE FINLI¥CIAL STATEMENfs. eontltt•eAI FOR THE YEAR EI¥DED 31 JNUARy 21)24 INVESTME INCOME 31.124 31.1.23 38257 NET INCOMFJ(EXPENDITURE) Na iM)meI(expmli) 15 #4ted atscFw81n(ucdItI 31.124 31.1.23 3,717 (4WWfr) l J33 surp14 ¢)n disFThi of fLwJ assets TRUSTEES, REMUNERATION AND BENEFITS Ther¢ were no tn. ahtr i%nefits for tl* year ayjed 31 J#nw 2024 Th)r for the year entsj 31 January 31 January 2023. TANGIBLE FIXED ASSETS vehicle5 COST At l Febnmry 2023 and 31 Janwy 2 DEPRECIATION At l February 2023 ch fcry¢af 1717 Ai 31 January 2024 NET BOOK VALUE At 31 January 2024 10 At 31 janu 2023 14.667 JtinuryL..
NOTFS TO THE FINANCIAL STATEMEYfs. contlnwd FOR THE I'EAR ENDED 31 JANUARY 21124 HERITAGE ASSETS MARKET VALUE Ai l Febnmry 2023 8Th131 Janw 2024 NET BOOK VALUE Ai 31 January 2024 At 31 Janu8ry 2023 INVESTMENT PROPERTY FAIR VALUE l F¢bn 2023 a1 31 Janutry 2024 NET BOOK VALUE At 31 January 2024 I.IooJMx) At 31 janu X123 l.l(K),000 F8iTvalue at 31 J8Dwy X)24 is r4xesart•J by.. valtiOn tn 2ff21 Valutition in 2022 402h26 297j74 1,1 CRED0$. AMOUNIS FALLINC DUE WITHIN ONE YEAR 31.124 31.1.23 loans (se¢ not¢ 10) Deposit held 356,941 1.080 359,021 P•8¢ 10
THE MATtHEW LUDtAM FOUNDATION NOTLS TO THE FIliANCIAL sfATEMEYtS. continll¢d FOR THE YEAR ENDED31 JANUARY 2024 CREDfTOILS: AMOUNTS FALLING DUE AER MORE THAN ONE YEAR 31.124 31.123 3.591 io. )ANS An ana]ysis of th¢ m8tity of loans is giv below. 31.124 31.1.23 356.941 ii. MOVEMEiYf IN FUNDS At1223 in fiJThls 31.1.24 861.421 13SiJ79 TOTAL FUNDS 861A21 1351,979 Net MOV•n in in the akne art ag follo.. Ullrtstritted funds 133m) TOTAL FUNDS Comtfv for movemeut In funds Net At 31.1.23 At 1222 in fiThJs Unrestrltted hllds 4,131 672 861.421 TOTAL FUNDS 794.131 67Jl 861.421 ctinued...