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 E￿7)ED31 JANUARY 21ll4
Report of the TrMth¢¥
I to 3
Inde￿dettt 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 C￿￿e$ Act their rew)rt wtth
the fintinciai sthtunerts of the ¢hffrity for the year 31 Jartw 2024. The tru4ees have aw provisions of
A¢couT￿n8 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 *fv*x¢ 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￿¢v￿tIc￿ or rtlief of m.
(¢) the reliefof tlmxe in nced by reasL￿ ofa8q Y￿ ill.1￿}￿ di*. hArdship oratthdisthantaBe.
The Matt?￿￿ Ludam Sck*larships 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 t￿￿r finan¢io] sIt￿tion or socittl
The trusie¢s meet regularly lo plan the chriws ￿l*ltieS 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 publi4￿1 by the Chnrity Commissim.
ACHIEVEME￿[ AND PERFORMANCE
arll¥ble activltle•
Planniti8 with Real E*ate'.
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)l*thip. After 8Eining a pl*e at
Univetstty College Lon<kn (UCL) *ing Bsc ipTt&n Plgnnitig Real Esthte 8t the B8rtJ¢tt Scknol of PI8Tmin& it
was d￿ld￿ to provide fithig for her 5tLwth¢& T)Jrin8 IK)liday she otrfaintsj 8 placemart with st￿k[
mcrfkl at mand￿5￿ 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￿ E*h w&s aceording
to their decla￿￿ ÉKed% aTrJ rryuirementy Followll￿ a w mwk a I￿￿1 CLK￿lI1(￿ and The FrieThl4 of Marie
t￿lSe 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 2￿4
ACHIEVEMENT AND PERFORMAI¥CE
Fundr•lslllg Artivitieg
The sale of The POP￿ House c<ryl¢ted in 2023 8Th1 Ims fimds f(ff the Fo￿d￿tiO￿
The clwrity h&5 ￿tIV￿ ¢kn8ti(XL4 frixn ￿ iThlIvid￿1s #M￿th8 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 m8*ri8] inv¢8tments of the charity have kn held in a residentia] 5 Pgrkfield R(Md South in the
hi￿.v￿￿e ffsidential 8rea of West Did$￿ry. Prom wices in the arta have inryea8￿ his￿riCAllY over 8 1(m8 p¢rioJ
of time and h8v¢ seen a eorLSitkrabk risc in the l&< few years.Tr w)F*ty is revat￿j a[￿UallY indwdent est
The charity purthgsed in November 2016 ￿Sing a frLYn Ms K Lowe (a tnwee of the ¢h&rity). The
charity paid th¢ inwest this I(￿The ￿￿81 of £35&941 was to Ms K following the saJ¢ of The
donatiOll5 fr(xn individud5 aNI companies from time to tune.
Variable re5erve5 aff hekl wlhith we I￿111 an knis to the s¢lxolaThhipthwwie5 wthich ar¢ awarded at
the of c￿ acadenuc ternL The dmrity alxs Iws pkn to distrilwtr to th withr c(rnUrrity in li￿ with its
aims and obj￿tIves.
coneern
th¢ goijw eoneern basi&
STRUCTURL GOVEKNANCE AND MANAGEMENT
Governin8 docume#t
The chuity 1$ control￿ by its governi￿ a th¢d of a limitrd eanpwty. ItEnil&l by
REFERENCE AND ADYINISTrATIVE DETAILS
Rtgi4t¢Yed coM￿aY 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 k￿l
Bolion
BLI 3AJ
Approved by order of the txwd of trus*es th 211kn2024 and Si￿d ￿ 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 Foun￿150￿ Cthe Compoy.)
R¢sp)ngibi]ities Ind of rep)rt
As charity'5 tn*e¢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 C￿rying my exami￿ l ￿¥¢ follow￿1 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 t*lieYe:
ac¢crtmtin8 re¢<*ts wert in resF¢LX of the c(￿ 05 rryuired by S*ticffl 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 i*rt of an
examination. or
Reetht]meThJed PraLXi¢x for and re￿In8 by chtrttits (atvlicable to dwities werAring thetr acco￿5
in accorda￿¢ with the FitwKiat R￿ti￿ StsThknd 4ylic•ble in the UK aNI R9￿lIC of Ireland (FRS 102}).
y•J
Mr Adam J. Syddall MA.. F.C.
P B SYdd￿l & Co
Grnfton H(xkse
81 Ch(thy Old R(*a
BLI 3AJ
21 October 2024

THE MATfHEW LUDIAM FOLryDATION
STATEMENT OF FIN￿NcIAL A￿TrIEs
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
Cb*Tlt*ble 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
Am￿ts f￿lin8d￿ within (*)eye4r
(359.021)
NET CURRENT A&8Ers
71m9
(319.655)
TOTAL Assrfs LE￿ CURREiYr
1251,979
865.012
CREDITORS
AMo￿ts 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 wh￿h wv¢ 8 tnx fair view of the * of affatrs of the clwritable e4xnp8ry as
the c￿1 of fiTran￿￿ ye4r aThJ of its for e*h filwc1￿ yev in aC¢Cfdw with the
r4uirem¢nts of WiotL4 394 aTrd 395 8ThJ I￿￿1¢h ¢xhuwi* cthipty with the requir•TKnts of the c￿npanIeS Aet

THE MATTHEW LUDIAM FOiLNDATK)N
BAIANCE SHEET. coNti•ued
31 JAliUARY 2024
SUbj￿t 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￿ $latemtnts
The financi￿ ststrrn￿ts of the charithble LThiPWry, ￿1¢h is a wblic benefit attity FRS 101 ￿ve
sryarul in ac¢(vdw with the Chariti¢s SORP (FRS 102) 'Ac¢tyJnttng aThJ Rwtin8 by Charitie5: Statement
K¢p)rtin8 Statmlard applic*b]e in UK aryl Ryblic of I￿]8[￿1 IFRS 102) (eff￿tiv¢ l 2019),,
Financial RwniDg 102 Tr Fi￿￿¢1￿1 RwDn8 Stsrthd applie4ble in the UK 8ThJ Republi¢ of
Inetsm¢
All inc(Nne t5 rwised in the of Aaivtlies once the tharÉty l•s emida￿et￿t to the fjJnd& Ét
15 tffotr*ble the inc4)me will te recekved aNI the m¢Wr￿ reliably.
EipeDdltNre
Liabilities are Twis￿ as ex￿￿KII￿ 4$ SfTh is 8 Iwl obli8ation c(*nmilliN8 the
charity to that eX[￿littry it is wol￿ble that o transfer of l*L￿OrnIC i%nefrts wryll Ix rts4Uirtd in settlement and
the arn￿nt 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 L*egoy. wsts c&nn(A be direaty
not accn*d as ex￿1￿￿¢.
T*ngilth flx¢d •
Dep￿latiOn is wovidoj * the fi)Ilowin8 rnte5 in (rdeT w write off exh asset over its ethwted use￿7
life.
Mrttr vehicles
ve4im¢Th¢ prowty
fair Wa]￿ ts reewisa in the Stat4ne¥rt of Fi￿￿la1 Aaivitie&
T*i#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 J￿NUARy 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
surp1￿4 ¢)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
a￿1 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..
val￿tiOn tn 2ff21
Valutition in 2022
402h26
297j74
1,1
CRED￿0￿$. 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 A￿ER 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
Com￿￿tfv￿ 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
c￿tinued...