2025-08-31-accounts

MATW PROJECT ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

Reporting period: 1 September 2024 – 31 August 2025 Registered Charity No. 1201110

Transforming Lives Across Continents UNITED IN COMPASSION, DIVERSE IN REACH

The example of those who spend their wealth in the way of Allah is like a seed that grows seven ears, in each ear a hundred grains. And Allah multiplies [His reward] for whom He wills.

— Qur'an 2:261

Impact and Country Programmes

Message from the Chair of Trustees Global Impact Summary Palestine Yemen Togo Bangladesh Syrian Refugees Pakistan Lebanon Afghanistan Egypt Kenya Burundi Tanzania Libya Somalia India Jordan

Governance and Financial

Legal and Administrative Information Our Mission & Our Vision Statement of Objects and Activities Reporting Public Benefit Achievements and Performance Structure, Governance and Management Key Management Personnel Professional Advisers Risk Management Grant Making Plans For The Future Financial Position Reserves Policy Gift Aid Business Continuity Fundraising Approach Cost of Processing Donations Complaints Handling Statement of Trustees' Responsibilities Independent Auditor's Report

MATW PROJECT . ANNUAL REPORT 2025

Assalamu Alaikum wa rahmatullahi wa barakatuh,

Dear brothers and sisters,

This has been a year unlike any other in MATW Project’s history - a year that tested the humanitarian world and demanded more of us than ever before. Across the twelve months to August 2025, we witnessed famine confirmed in Gaza for the first time in the Middle East, the fall of a regime that had displaced millions of Syrians, war and ceasefire in Lebanon, record floods in Pakistan, and the mass return of Afghans from neighbouring countries. At the very same time, the international funding that millions of vulnerable people rely upon was being cut on an unprecedented scale.

In that context, I am humbled to report that through your generosity MATW Project delivered more than 26.9 million instances of support across 16 countries and regions. Our North Star has not changed: the end-user beneficiary is, and always will be, our central focus. Where others withdrew, we sought to step forward.

In Palestine, your support reached over 18 million instances - food aid that became a lifeline through multiple blockades, and emergency relief that sustained families through displacement and famine. For Syrian refugees sheltering along the Turkey–Syria border, we provided food and essential support as the fall of the Assad regime opened a fragile new chapter for their homeland. In Lebanon, we responded as conflict uprooted more than a million people. In Yemen, where funding fell to its lowest in a decade, our Qurbani distribution became our single largest in the world. And in Togo, our flagship, we continued the patient work of development - caring for orphans, building wells, and educating children - proving that compassion can mean both rescue and renewal.

As Chair of Trustees, I want to assure our donors that MATW Project treats every donation- however large or small - with the trust in which it is given. The donor's reward is secured by Allah, Most High, at the very moment of giving; from that point, the responsibility for delivery passes to us. We hold that responsibility with the seriousness it demands, and we pray that in faithfully discharging this amanah, we too may earn our reward.

Every donation carries the hopes and prayers of the one who gave it. To our donors, volunteers, partners, and the communities we serve: you are not merely supporters of this work - you are its co-authors .

Together, in one of the hardest years the humanitarian sector has known, we proved once more that compassion knows no borders.

In service and gratitude,

Mahmoud Ismail

Chair of Trustees, MATW Project

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MATW PROJECT . ANNUAL REPORT 2025

Global Impact Summary

TRANSFORMING LIVES ACROSS CONTINENTS · YEAR ENDED 31 AUGUST 2025

TOTAL INSTANCES OF SUPPORT COUNTRIES REACHED PROGRAMME STREAMS 26.9+ Million 16 13

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W H E R E YO U R D O N AT I O N S R E AC H E D I N 2 0 2 4 –2 5 · 1 6 CO U N T R I E S Y E A R E N D E D 3 1 AU G U ST 2 0 2 5
LARGEST COUNTRY PROGRAMME
Palestine
Emergency response · Conflict and famine
69.4% of total
18,734,985
instances of support
Yemen Togo
Emergency relief · Conflict and famine Flagship development · 13 programme streams
3,503,280 1,620,374
13.0% 6.0%
Bangladesh Syrian Refugees
Emergency · Orphan care · Flood response Refugee relief · Turkey–Syria border
770,935 756,677
2.9% 2.8%
Pakistan Kenya Lebanon
277,393 256,070 245,286
Burundi Tanzania Somalia
241,973 240,090 215,625
Afghanistan Egypt Libya India Jordan
68,316 50,250 10,000 3,100 2,250
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Figures represent instances of support delivered during the reporting period. A single beneficiary may be reached more than once across programmes and seasons.

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MATW PROJECT . ANNUAL REPORT 2025

The year to 31 August 2025 was one of the most demanding the humanitarian sector has faced. It was marked by the confirmation of famine in Gaza, the fall of the Assad regime in Syria, conflict and ceasefire in Lebanon, record monsoon floods in Pakistan, and the mass return of Afghans from neighbouring countries - all against a backdrop of sharp cuts to global aid funding. Through it all, MATW Project delivered over 26.9 million instances of support across 16 countries and regions, with every pound deployed to reach those in greatest need.

Our work spanned some thirteen programme streams. The response was led by food aid and emergency relief - concentrated above all in Gaza - alongside our worldwide Qurbani distribution, and extended to orphan and orphanage care, water wells, winter relief, education, and medical support. The tables below summarise that reach by country, by programme, and by quarter.

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1 1 ST R E A M S · F U L L B R E A K D OW N Y E A R E N D E D 3 1 AU G U ST 2 0 2 5
LARGEST PROGRAMME STREAM
Food Aid
Community nutrition · Emergency food parcels · School feeding
48.5% of total instances
13,086,538
instances of support
1 in every 2 instances of MATW support was food aid · active across 10 countries in 2024–25
Emergency Support ������������������
Crisis response · Conflict zones Eid al-Adha · 16 countries
7,750,197 5,314,800
28.7% 19.7%
Orphan & Orphanage Care Water Wells Winter Campaign
467,063 275,950 68,241
Masjid & Religious Education Medical Support Eid Gifts Other
13,931 7,996 6,982 4,437 469
Grand Total · 11 programme streams 26,996,604 100%
instances of support
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MATW PROJECT . ANNUAL REPORT 2025
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PALESTINE

TOTAL INSTANCES OF SUPPORT LEAD PROGRAMME 18.7 Million Food Aid 5 10,618,052 instances of support CRISIS TYPE IPC SEVERITY DELIVERY CONTEXT Conflict · Famine Phase 5 - Catastrophe Restricted access

PROGRAMME STREAMS

Gaza entered confirmed famine in August 2025 - the first ever declared in the Middle East - with your generosity sustaining over 18 million instances of food aid, emergency support and relief through multiple blockades and waves of displacement.

CONTEXT

A ceasefire in January 2025 briefly allowed aid to surge into Gaza, only for a complete blockade to be imposed from early March. By August 2025, the IPC had confirmed famine in Gaza Governorate - with hundreds of thousands in catastrophic hunger and the entire population in acute food insecurity.

MATW met this moment at scale. Food aid was the backbone - 10.6 million instances - while emergency assistance sustained families through the blockade and waves of displacement. This was complemented by winter relief, Qurbani and medical support, making Palestine by far our largest country programme of the year.

RESPONSE BREAKDOWN

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LARGEST PROGRAMME STREAM
Food Aid
56.7% of total
Backbone of the Palestine response
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10,618,052
instances of support
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Emergency Support
Crisis relief · Displacement
7,677,133
41.0%
Sacrifice (Qurbani) Winter Campaign Medical Support
378,800 60,000 1000 100%
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MATW PROJECT . ANNUAL REPORT 2025

Feeding families through the blockade

When a complete blockade was imposed in early March 2025, our field teams worked around the clock with local delivery partners to maintain supply chains through southern corridors. Every parcel delivered during this period represented a supply chain built under extreme pressure.

YEMEN

TOTAL INSTANCES OF SUPPORT LEAD PROGRAMME PROGRAMME STREAMS 3.5 Million Sacrifice (Qurbani) 3 3,045,000 instances of support CRISIS TYPE PEOPLE IN NEED UN APPEAL FUNDED Conflict · Food insecurity 19.5 million <10% by mid-year

Over 3.5 million instances of support in a year when international funding for Yemen fell to its lowest level in a decade - with our Qurbani programme becoming the single largest meat distribution MATW has delivered anywhere in the world.

CONTEXT

After a decade of conflict, Yemen entered the financial year as one of the world’s most food-insecure countries, with around 19.5 million people needing assistance. The crisis deepened sharply in 2025 as major donors cut funding - the UN appeal sat below ten per cent funded by mid-year - forcing the closure of thousands of nutrition services.

Against this collapse in funding, MATW expanded its presence. Our Qurbani programme was our single largest distribution anywhere in the world this year, providing over three million instances of nutritious meat to families with nowhere else to turn. This was supported by food aid and winter relief, sustaining families through one of the most difficult years the country has faced.

RESPONSE BREAKDOWN

LARGEST PROGRAMME STREAM ������������������ 3,045,000 instances of Support 86.9% of total Largest single-country Qurbani in MATW history

Food Aid Winter Campaign Emergency nutrition 200 458,080 13.1%

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Our largest Qurbani distribution in the world

When international funding for Yemen collapsed in 2025, MATW stepped into the gap. Our Qurbani programme delivered many of whom had no alternative source of meat during the Eid period.

Qurbani portions distributed: 3,045,000 Scale: Largest single-country Qurbani in MATW history

TOGO

TOTAL INSTANCES OF SUPPORT LEAD PROGRAMME 1.6 Million Food Aid 690,762 instances of support PROGRAMME TYPE FOCUS AREAS Long-term development Orphans · Water · Education

PROGRAMME STREAMS

13

Our most diverse programme of the year - over 1.6 million instances spanning orphan care, clean water, school feeding, places of worship and Qurbani, proving that compassion can mean both rescue and lasting renewal.

CONTEXT

Togo remains MATW’s flagship operation and the clearest expression of our model: moving beyond emergency relief to build lasting change. While West Africa endured a difficult lean season and regional food pressures, our long-term presence allowed us to sustain and deepen development work throughout the year.

This was our most varied programme by far. We sustained our orphanage and its care of thousands of children, constructed and rehabilitated water wells, ran school feeding and education initiatives, built and maintained places of worship, and delivered Qurbani - together touching nearly every dimension of community life.

RESPONSE BREAKDOWN

LARGEST PROGRAMME STREAM

Food Aid 42.6% of total

690,762 instances of support

Sacrifice (Qurbani) Eid al-Adha distribution 605,000 37.3%

Orphanage Feast Children's nutrition 215,725 13.3%

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MATW PROJECT . ANNUAL REPORT 2025

Water Wells 84,250

Masjid Construction 12,050

Education

5,096

Orphanage Care 3,078

Wudu Facilities Medical Support Eid Gifts 1,300 12,050 1,000

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Orphanage Qur'an Masjid
Maintenance Classroom Maintenance
550 330 101
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Thirteen programmes, one community

What distinguishes Togo from every other MATW country programme is continuity. The orphanage that has been running since MATW Project’s earliest days is still running. The water wells drilled years ago are still serving communities. This is what long-term commitment looks like — not a response to a crisis, but the patient work of building something that lasts

Programme streams active: 13 Orphans and vulnerable children: Ongoing

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MATW PROJECT . ANNUAL REPORT 2025

BANGLADESH

TOTAL INSTANCES OF SUPPORT

LEAD PROGRAMME

PROGRAMME STREAMS

770,929 Food Aid 13 326,118 instances of support CRISIS TYPE ROHINGYA IN COX’S BAZAR GOVT. TRANSITION Floods · Rohingya 1 million+ August 2024 displacement

Over 770,000 instances of support - with our orphan hot-meals programme at the heart of one of our most comprehensive responses, reaching vulnerable children daily through floods, political transition, and deepening refugee pressures.

CONTEXT

MATW Project’s response was among our most comprehensive. Daily orphan hot meals reached vulnerable children at scale, supported by food aid, water-well construction, Qurbani, orphanage feasts, and dedicated orphan support - addressing both urgent hunger and longer-term resilience.

The year opened amid political transition, as an interim government took office in August 2024 following mass protests, even as the country absorbed cyclone and monsoon flooding and a renewed influx of Rohingya fleeing escalating conflict in Myanmar’s Rakhine State.

RESPONSE BREAKDOWN

Sustaining children amid floods and refugee pressures551

When cyclone flooding struck Bangladesh in mid-2025, our teams were already on the ground maintaining the daily orphan hot-meals programme. The existing infrastructure meant we could pivot rapidly to emergency food distribution while maintaining continuity for the children who depend on us every day.

Orphan hot meals: 208,880 Food parcels: 326,118 Clean water instances: 76,900

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MATW PROJECT . ANNUAL REPORT 2025

SYRIA REFUGEES

TOTAL INSTANCES OF SUPPORT LEAD PROGRAMME PROGRAMME STREAMS 756,677 Food Aid 4 662,567 instances of support POPULATION SERVED KEY EVENT DELIVERY LOCATION Syrian refugees Assad regime fall Dec 2024 Turkey–Syria border

Over 756,000 instances of support for Syrian refugees sheltering along the Turkey–Syria border - sustained through the fall of the Assad regime and the fragile new chapter that followed for millions still unable to return home.

CONTEXT

After nearly fourteen years of war, the fall of the Assad regime in December 2024 opened a fragile new chapter for Syria, prompting several hundred thousand refugees to begin returning home. Yet millions remained displaced, and Turkey continued to host one of the world’s largest refugee populations.

For those still sheltering along the Turkey–Syria border, high inflation and the long recovery from the 2023 earthquakes kept basic necessities far out of reach. MATW Project’s programmes were directed entirely to these Syrian refugees - food aid forming the core, complemented by Qurbani, winter relief, and assistance for individuals in acute hardship.

RESPONSE BREAKDOWN

Supporting refugees as Syria’s new chapter begins

When the Assad regime fell in December 2024, many Syrians hoped to return home quickly - but millions remained in Turkey as the new political reality took shape. Our teams maintained distributions through the uncertainty, ensuring support didn’t stop as the world watched Syria’s transition unfold.

Food parcels distributed: 662,567 Qurbani portions: 93,500 Response: Maintained through regime change

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MATW PROJECT . ANNUAL REPORT 2025

PAKISTAN

TOTAL INSTANCES OF SUPPORT LEAD PROGRAMME PROGRAMME STREAMS 277,393 Sacrifice (Qurbani) 5 150,000 instances of support CRISIS TYPE FLOOD SEVERITY DISPLACED BY FLOODING Economic crisis · Flooding Worst in 4 decades 3 million people

Over 277,000 instances of support through a year of compounding pressure — Qurbani and water-well construction running in parallel, each addressing a different dimension of the same crisis: food insecurity and contaminated water supplies.

CONTEXT

Pakistan spent the year under compounding pressure: persistent economic crisis and high inflation, around 11 million people in acute food insecurity, and the continued return of Afghan refugees. As the year closed, an exceptionally severe monsoon brought the worst flooding Pakistan had seen in four decades, affecting millions and displacing some three million people.

MATW Project’s programme tackled both immediate and underlying need. Water-well construction - our second-largest activity - brought clean water to communities where contamination drives disease. Our Qurbani distribution delivered essential protein to families across the country, with food aid, winter relief, and masjid support completing a broad response.

RESPONSE BREAKDOWN

LARGEST PROGRAMME STREAM ������������������ 150,000 54.1% of total instances of support Water Wells 111,700 Clean water infrastructure 40.3% Food Aid Winter Campaign Masjid Construction 15,227 316 150 100%

and hardship

Water-well construction and Qurbani ran simultaneously throughout the year - one investing in permanent infrastructure, the other delivering seasonal nutrition. When record flooding struck in the final months, communities with MATW Project wells had a clean water source when surface supplies were contaminated.

Qurbani portions: 150,000 Water access instances: 111,700 Monsoon floods: Worst in Pakistan in 40 years

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MATW PROJECT . ANNUAL REPORT 2025

LEBANON

TOTAL INSTANCES OF SUPPORT LEAD PROGRAMME PROGRAMME STREAMS 245,286 Food Aid 2 172,996 instances of support CRISIS TYPE PEAK DISPLACEMENT CEASEFIRE DATE Conflict · Displacement 1.2 million people 27 November 2024

Lebanon endured its most intense escalation of conflict in a generation - with airstrikes and a ground incursion displacing over 1.2 million people before a November ceasefire. MATW sustained 245,000 instances of food aid and emergency support through the crisis and its aftermath.

CONTEXT

In autumn 2024, Lebanon faced an intense escalation with airstrikes and a ground incursion displacing more than 1.2 million people before a ceasefire took hold on 27 November. Most displaced were able to return south in the weeks that followed. All of this unfolded against a years-long economic collapse, with the majority of the population in poverty.

MATW Project responded through the emergency and its aftermath with food aid and emergency support, reaching displaced and returning Lebanese families alongside the refugee communities who bore the conflict’s sharpest edge. Food aid formed the core - 172,996 instances - complemented by emergency support to families facing acute displacement.

RESPONSE BREAKDOWN

LARGEST PROGRAMME STREAM Food Aid 70.5% of total Emergency nutrition · Conflict and displacement

172,996 instances of support

Emergency Support

Acute displacement relief

72,290 29.5%

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MATW PROJECT . ANNUAL REPORT 2025

Relief through war and ceasefire

As families began returning south after the ceasefire, our teams coordinated rapid distributions in areas where local supply chains had been disrupted. Food packs reached families within days of displacement ending - often before local markets had reopened.

Food parcels distributed: 172,996 Emergency relief packages: 72,290 Response phase : Active conflict and early recovery

AFGHANISTAN

TOTAL INSTANCES OF SUPPORT LEAD PROGRAMME PROGRAMME STREAMS 68,316 Food Aid 5 43,045 instances of support CRISIS TYPE PEOPLE IN NEED RETURNEES FROM PAKISTAN Drought · Mass deportations 22.9 million 2.78 million

Over 68,000 instances of support in a year of mass deportations, drought, and shrinking international aid - reaching returnee and host communities struggling under simultaneous crises with no external safety net.

CONTEXT

Around 22.9 million Afghans - nearly half the population - needed humanitarian assistance during the year. The crisis was intensified by the forced return of some 2.78 million Afghans from Pakistan and neighbouring regions, with arrivals peaking at tens of thousands a day over the summer, even as drought gripped northern provinces.

MATW delivered a practical lifeline through food aid, Qurbani, winter relief, Eid gifts, and assistance for individual special cases - reaching returnee and host communities struggling under extreme strain. With food aid forming the core, we prioritised families who had arrived with nothing.

RESPONSE BREAKDOWN

A lifeline amid mass returns and aid cuts

When Pakistan announced the forced deportation of undocumented Afghans, MATW’s field teams were among the first to position food aid at key border crossing points. At the peak of arrivals, tens of thousands of people a day were crossing into provinces already gripped by drought and stripped of international funding.

Food parcels: 43,045 Qurbani portions: 23,000 Peak deportation rate: Tens of thousands per day

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EGYPT

TOTAL INSTANCES OF SUPPORT 50,250

LEAD PROGRAMME Sacrifice (Qurbani) 50,000 instances of support

PROGRAMME STREAMS

3

POPULATION SERVED Palestinian + Sudanese refugees

50,000 Qurbani portions for refugee communities navigating poverty and high inflation in a country where basic necessities have moved further out of reach each month.

CONTEXT

Egypt hosts large and growing refugee communities, including Palestinians and a major influx of Sudanese fleeing the war across the border. MATW Project’s Qurbani programme delivered essential protein, complemented by emergency support and assistance for special cases.

RESPONSE BREAKDOWN

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MATW PROJECT . ANNUAL REPORT 2025

KENYA

TOTAL INSTANCES OF SUPPORT 256,070

LEAD PROGRAMME

PROGRAMME STREAMS

Sacrifice (Qurbani) 3 215,625 instances of support

CRISIS TYPE Drought · Erratic rainfall

256,000 instances of support for communities hit by repeated drought - Qurbani delivering protein at scale alongside food aid and Eid gifts.

CONTEXT

Kenya and the wider Horn of Africa continued to suffer the effects of repeated drought and erratic rainfall, with around two million people acutely food insecure. MATW Project’s largest response was Qurbani, delivering vital protein at scale, alongside food aid and Eid gifts.

RESPONSE BREAKDOWN

BURUNDI

TOTAL INSTANCES OF SUPPORT 241,973

TOTAL INSTANCES OF SUPPORT LEAD PROGRAMME PROGRAMME STREAMS 241,973 Sacrifice (Qurbani) 3 215,625 instances of support CRISIS TYPE PEOPLE FOOD INSECURE ECONOMY Climate shocks · Poverty 1 million+ Subsistence farming

Over 240,000 instances of support amid climate shocks and rising food prices - with Qurbani delivering essential protein to families in one of the world’s poorest nations, where fresh meat is otherwise out of reach for most households year-round.

CONTEXT

Burundi remains one of the poorest countries in the world, and during the year climate shocks and rising food prices pushed well over a million people toward crisis-level food insecurity in a nation heavily dependent on subsistence farming. The lean season stretches longer here than in neighbouring countries, and for many families the Eid al-Adha period represents the only time in the year when they can access fresh meat.

MATW’s Qurbani programme delivered protein at scale to vulnerable families, complemented by food aid through the lean season and Eid gifts for children in need. Together, these three programmes responded to both the immediate nutritional crisis and the everyday dignity of families living through persistent poverty.

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MATW PROJECT . ANNUAL REPORT 2025

RESPONSE BREAKDOWN

Protein and dignity in one of the world’s poorest nations

In a country where more than 70% of the population lives below the poverty line, protein is a luxury that most families cannot afford. The Qurbani distribution is not simply an Eid tradition here - it is a nutritional intervention that matters to food security.

Qurbani portions: 215,625 Food parcels: 25,888 Eid gifts: 460

TANZANIA

TOTAL INSTANCES OF SUPPORT 240,090

LEAD PROGRAMME

PROGRAMME STREAMS

Sacrifice (Qurbani) 3 215,625 instances of support

POPULATION SERVED Rural + refugee communities 240,090 instances reaching communities facing persistent rural poverty and the added pressure of hosting significant refugee populations from neighbouring countries.

CONTEXT

Tanzania faces persistent rural poverty and continues to host significant refugee populations. MATW reached these communities with Qurbani as its primary programme, supported by food aid through the lean season and Eid gifts that restored dignity and celebration to families in need.

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MATW PROJECT . ANNUAL REPORT 2025

RESPONSE BREAKDOWN

LIBYA

TOTAL INSTANCES OF SUPPORT 10,000

LEAD PROGRAMME

Food Aid

PROGRAMME STREAMS 1

Single focused intervention

CRISIS TYPE PEOPLE IN NEED Conflict · Instability 1 million+

10,000 food parcels for vulnerable families navigating more than a decade of conflict - in a fragile environment where consistent aid delivery cannot be taken for granted.

CONTEXT

More than a decade on from the start of its conflict, Libya remains fractured and unstable. MATW Project delivered targeted food aid to vulnerable families - including migrants and refugees transiting from the Sudan crisis - working through trusted partners able to navigate the country’s complex operating environment safely.

RESPONSE BREAKDOWN

Food Aid

Nutritious food parcels for families and migrants in Libya’s fragile environment.

10,000

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MATW PROJECT . ANNUAL REPORT 2025

SOMALIA

TOTAL INSTANCES OF SUPPORT LEAD PROGRAMME PROGRAMME STREAMS 215,625 Sacrifice (Qurbani) 1 Single focused intervention CRISIS TYPE FOOD SECURITY ACCESS CONDITIONS Drought · Conflict One of world’s worst Severely restricted

Over 215,000 instances of support through a single focused intervention - Qurbani delivering protein to families in one of the world’s most food-insecure nations, in an operating environment where access is severely restricted and most aid organisations cannot reach.

CONTEXT

Somalia endured another punishing year of drought and conflict. Failed rains and climate shocks, compounded by persistent insecurity and recurrent displacement, left a large share of the population acutely food insecure and dependent on assistance. International access restrictions make sustained programming deeply challenging.

MATW’s Qurbani programme delivered vital protein to families for whom nutritious meat is otherwise far out of reach. Distribution teams reached communities across multiple regions through trusted local delivery partners. One programme. One focused commitment. 215,625 instances of impact.

RESPONSE BREAKDOWN

������������������

Meat distribution delivering essential protein during Eid al-Adha - reaching families and displaced communities across multiple Somali regions through trusted local partners.

215,625 instances of support

Qurbani where other organisations cannot reach

Somalia’s operating environment is among the most difficult in the world. MATW’s Qurbani programme, delivered through established local partners, reached communities beyond the corridors accessible to most organisations. For families in areas cut off from regular aid flows, the Eid distribution was often the only external support they received all year.

Qurbani portions: 215,625 Delivery model: Local partner networks Context: Active conflict zones - restricted access

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MATW Project . Annual Report 2025

INDIA

TOTAL INSTANCES OF SUPPORT PROGRAMME 3,100

Water Wells

PROGRAMME STREAMS

1

Single focused intervention

FOCUS IMPACT Rural water access Waterborne disease reduction

3,100 instances of clean water access - tackling the root cause of waterborne disease and daily hardship for marginalised rural communities.

CONTEXT

India is home to one of the world’s largest populations living in poverty, with marginalised rural communities facing limited access to clean water. MATW’s water-well programme delivered safe drinking water - an investment in health that compounds over time as disease burdens reduce.

RESPONSE BREAKDOWN

Water Wells

Clean water access reducing waterborne disease in marginalised communities

3,100

JORDAN

TOTAL INSTANCES OF SUPPORT 2,250

PROGRAMME

Medical Support Single focused intervention

PROGRAMME STREAMS 1

POPULATION SERVED BARRIER ADDRESSED Palestinian + Syrian refugees Cost of urgent care

2,250 instances of medical support for refugee families unable to afford the urgent care they needed.

CONTEXT

Jordan hosts large Palestinian and Syrian refugee communities. For families who remained displaced, the cost of healthcare was often prohibitive. MATW provided medical support to refugee families unable to afford urgent care, working through local healthcare networks in Amman and border communities.

RESPONSE BREAKDOWN

Medical Support

Medical assistance for refugee families facing prohibitive healthcare costs.

2,250

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MATW Project . Annual Report 2025

STAND WITH US TURN COMPASSION INTO ACTION

The needs set out in these pages are not closed chapters - they are lived, today, by real people. The figures in this report each carry a face: a parent going without so their children can eat, a child waiting for someone to care, a family rebuilding after everything was lost. Where there is hardship, there is also a chance to respond - and that is where you come in. Whatever you are able to give, it travels further than you might imagine, reaching lives a world away

The need is real, and the means are in your hands. The only question left is when you'll begin. Stand with us today, and together we'll reach lives across continents.

“ Whatever good you send forth for yourselves, you will find it with Allah, far better and greater ” in reward.

BEGIN TODAY

Taking the first step is simple. To find out how, reach us at:

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MATW Project . Annual Report 2025

LEGAL AND ADMINISTRATIVE INFORMATION

Charity Name:

Trustees Who Served During the Year

MATW Project

Charity Registration Number:

1201110

Principal Address:

3 Waterhouse Square, Greater London, EC1N 2SW, United Kingdom

Mr. M. Ismail (Mahmoud Ismail) - Chair Mr. M. Bali (Mohamed Bali) Mr. F. Iqbal (Farhan Iqbal) (Salwa Wadih Adabashi - Mr. S. W. Adabashi Resigned 28th July 2025) Mr. R. El Ayoubi (Rabih El Ayubi - Appointed 15 August 2025)

Governing Document:

Constitution of a Charitable Incorporated Organisation (Foundation Model)

Date of Constitution:

10 September 2022

OUR MISSION

“To create a meaningful impact in the lives of orphans and contribute to their long-term well-being and success, and to provide essential relief and comprehensive assistance for the poor and the needy worldwide, while delivering rapid, effective support during emergencies and crises.”

OUR VISION

“A world where every orphan is nurtured, empowered, and given the opportunity to thrive, where all individuals have access to life’s essentials, security, and opportunities for a brighter future”.

STATEMENT OF OBJECTS AND ACTIVITIES

The objects of MATW Project as set out in our Constitution are:

The relief and assistance of people in any part of the world who are the victims of war or natural disaster, trouble, or catastrophe.

The prevention or relief of poverty anywhere in the world by providing: grants, items and services to individuals in need and/or charities, or other organisations working to prevent or relieve poverty.

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MATW Project . Annual Report 2025

ACTIVITIES

In furtherance of these objects, the activities currently carried out for the public benefit by MATW Project can be broadly grouped into the following programmes:

• Emergency and humanitarian relief: delivering life-saving aid, including food parcels, clean water, shelter, medical supplies and winter assistance, to people who are victims of war, natural disaster, catastrophe and poverty.

• Food security and seasonal Programmes: providing nutritious meals and food distributions throughout the year, alongside our Ramadan, Iftar, Zakat and Qurbani appeals, to relieve hunger among families and orphans in crisis.

• Clean water and sanitation: constructing water wells, hand pumps and water networks, and trucking water to areas where safe drinking water is scarce, helping to prevent disease and reduce hardship.

• Orphan and child welfare: supporting orphaned and vulnerable children through sponsorship, care, nutrition and access to education, helping to safeguard their wellbeing and future.

• Healthcare and medical aid: establishing and supporting clinics, supplying medicines and equipment, and funding treatment, with particular care for women, children and those with no other means of accessing healthcare.

• Shelter and essential infrastructure: providing shelter, building orphanages, schools and community facilities to restore dignity and stability to displaced and disadvantaged children, orphans and families.

The trustees always ensure that the programmes the charity undertakes are consistent with its charitable objects and aims. When developing the charity's strategic and operational plans, the trustees' approach is to ensure that those plans deliver the maximum public benefit and achieve the charity's strategic objectives, which fall under the purposes defined by the Charities Act 2011. The trustees have considered the Charity Commission's general guidance on public benefit in setting the charity's objectives and planning its activities.

Our ambitious aim is to relieve the poverty and suffering of those affected by war, disaster and hardship in the areas where we work, and to bring hope and lasting change to those most in need. Throughout this report we illustrate how our work furthers our charitable purposes and the significant benefits it brings to communities and individuals globally, who are in urgent need of support.

REPORTING PUBLIC BENEFIT

The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission's public benefit guidance when exercising their powers or duties. All our activities are carried out to further our charitable purposes for the public benefit. Our work delivers clear public benefit through:

• Advancement of Relief of Poverty: Direct assistance to communities and individuals facing extreme poverty and hardship

• Relief of Those in Need: Emergency aid to victims of conflicts, natural disasters, and humanitarian crises

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MATW Project . Annual Report 2025

International Humanitarian Assistance : Cross-border aid delivery to the most vulnerable populations globally

ACHIEVEMENTS AND PERFORMANCE

MATW Project continues to enjoy strong support from the general public, reflected in the significant level of donations received during the year. This generosity is a trust placed in the charity by its donors, and the trustees are committed to honouring it by directing funds to those in need at the earliest opportunity available to them.

Over the coming three to five years the trustees intend to ensure that growth in charitable expenditure keeps pace with the support received, while maintaining sufficient resources to meet the following year's running costs and to sustain ongoing development of programmes, many of which depend on continued support. Planning and developing new projects therefore remains central to the charity's approach.

During the year the charity continued to deliver humanitarian and development work across some of the world's most challenging environments, expanding the provision of emergency aid to communities living in poverty and crisis. Alongside its emergency response, the charity maintained its focus on rehabilitation and longer-term recovery, helping affected communities to rebuild and regain their independence.

This work was delivered through the charity's humanitarian and development aid themes, under which it operates both relief and longer-term projects in the following areas:

Family Welfare

Food and Non-Food Items Distribution (NFI)

Shelter

Health Care

Education

Water, Sanitation and Hygiene (WASH)

Food Security and Livelihoods

The charity has built on its existing relationships to strengthen its partnerships with delivery partners, working hand in hand with them to deliver aid effectively and accountably. It also continues to broaden its network of partner organisations so that it can extend its reach into the hardest-to-access regions - the places that are most difficult to work in and reach, yet where the need is most acute.

Finally, the trustees wish to record their gratitude to the volunteers, ambassadors, influencers and fundraisers who have been personally involved in delivering aid in the field, often giving their own time overseas to highlight the plea of the needy and ensure that support reached the people and places that needed it most. The charity is indebted to them for their dedication and service.

STRUCTURE, GOVERNANCE AND MANAGEMENT

MATW Project is a Charitable Incorporated Organisation (CIO) registered with the Charity Commission for England and Wales. It is governed by its Constitution, adopted on 10 September 2022, which follows the Charity Commission's Foundation model for CIOs - the model under which the charity's only voting members are its trustees.

The Board of Trustees directs and oversees all of MATW Project's activities, concentrating on strategic planning, governance and the setting of priorities for humanitarian impact. As a Foundation-model CIO, the

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MATW Project . Annual Report 2025

charity has no separate wider membership; every trustee serves as a voting member of the organisation.

Supporting the Board is an Executive team that sits beneath the trustees and is responsible for translating their strategy into delivery. The Executive leads the charity's senior managers and subject-matter experts, who in turn manage the day-to-day operations of the charity across programmes, fundraising, finance and support services. This arrangement preserves a clear distinction between the trustees' role in governance and oversight and the Executive's role in operational management.

KEY MANAGEMENT PERSONNEL

The trustees are supported by a skilled Executive team whose combined expertise spans strategic planning, regulatory compliance, financial management, programme delivery and day-to-day operations. This professional leadership team brings together complementary skills and substantial experience across every critical area of charity management, ensuring that MATW Project operates efficiently and effectively while upholding standards of governance and accountability.

PROFESSIONAL ADVISERS

Statutory Auditor:

Pearlman Rose, Chartered Accountants & Statutory Auditors

Suite 1, First Floor Jack Dash House, 2 Lawn House Close, London E14 9YQ

RISK MANAGEMENT

Risk is considered an integral part of how MATW Project plans and delivers its work, rather than a separate exercise. The charity maintains a comprehensive risk management framework addressing the operational, financial, regulatory and reputational risks arising from its international work. Its approach is systematic and continuous: every significant activity is assessed for the risks it carries as it is designed and as it is delivered, risks are identified and evaluated, their potential impact is assessed, mitigation strategies are developed and implemented, and the resulting position is monitored and reviewed each quarter under the oversight of the Board of Trustees.

The most serious risks are ranked according to how likely they are to occur and how damaging they would be if they did. For this purpose, the trustees treat as significant any risk capable of materially affecting:

The charity’s operations, including the safety and welfare of its staff, volunteers and partners.

• The achievement of the charity’s aims and objectives.

The reputation and expectations of the charity’s beneficiaries and supporters.

Safeguarding remains one of the charity’s highest priorities. The trustees review any safeguarding issues quarterly and relevant policies and procedures are reviewed annually.

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MATW PROJECT . ANNUAL REPORT 2025

Disclosure and Barring Service (DBS) checks where appropriate.

During the year the charity has continued to give particular attention to the heightened risks faced by staff and partners working in areas of conflict and instability, and to extending the reach of its internal review. This includes training of personnel deployed overseas and assessing, programme by programme, whether delivery through delivery partners offers a safer and more effective route in higher-risk settings.

The trustees recognise that the nature of humanitarian work means that some degree of risk must be accepted and carefully managed if the charity’s objectives in the most difficult regions are to be met at all.

Compliance Function

Central to all of this is the charity’s continued investment in its Compliance function, which applies a robust due diligence regime supported by recognised screening and verification tools. The function oversees the charity’s enhanced due diligence and carries responsibility for legal and regulatory compliance; the development and implementation of the charity’s policies and procedures; staff training; due diligence across donors, partners and suppliers; and engagement with external stakeholders and authorities.

Data Protection and Cybersecurity

The protection of personal and sensitive information is treated as a priority. The charity maintains disciplined data-management practices, confidentiality undertakings and appropriate technical and organisational safeguards. During the year there was no breach of the charity’s Data Protection Policy. The charity has continued to invest substantially in its IT infrastructure and security so that the risk of cyber-attack is effectively mitigated.

Fraud and Corruption

The trustees are also alert to the threat of fraud and corruption, which is heightened in the difficult and fast-moving conditions the charity often works in, particularly during emergencies. The charity therefore takes a firm approach to fraud and corruption, and the relevant policy has been reviewed and strengthened by the trustees.

The charity’s Anti-Money Laundering policy sets out rigorous measures to detect, prevent and report suspicious financial activity, reinforced by training for the staff to whom it applies.

GRANT MAKING

How the Charity Makes Grants

A substantial part of MATW Project’s humanitarian work is delivered not by the charity acting alone, but by channelling funding to trusted organisations operating within the communities we serve. The trustees regard this as one of the most efficient and responsible ways to reach people in need, particularly in territories where distance, insecurity or restricted access would otherwise slow down or prevent a direct response.

The charity does not run an open or competitive grants round, and unsolicited funding requests do not form the basis of its decisions. Funding flows instead from the charity’s own programme planning. Assessment is supported by proportionate due diligence, scaled to the value of the grant and the risk profile of the location.

Partners already working in these areas can mobilise quickly, understand local conditions, and deliver assistance in a way that an externally run operation often cannot.

The Role of Funding Agreements

Every grant the charity awards to a delivery partner is governed by a Funding Agreement (FA). The Funding Agreement is the charity’s grant instrument: it defines the purpose and scope of the funded work, the responsibilities each party undertakes, the basis and timing on which funds are released, and the reporting the partner must provide in return. It also embeds the controls the charity relies upon to ensure that monies are used exclusively for the agreed charitable purpose and remain within the bounds of the charity’s legal, regulatory and sanctions obligations.

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MATW PROJECT . ANNUAL REPORT 2025

Funds are not handed over without accountability. Disbursements are tied to the terms of the Funding Agreement, delivery partners are required to report on what has been delivered and to evidence how the funding has been applied, and the charity retains the means to monitor performance, query expenditure and respond where expectations are not met.

Oversight and Review

Grant making sits firmly within the trustees' oversight of the charity. The trustees keep the charity's grant-making arrangements, including its Funding Agreement terms, under review and refresh them so that they continue to reflect the charity's priorities, the realities of the environments in which it works, and the standards of accountability and stewardship the trustees expect.

PLANS FOR THE FUTURE

MATW Project’s central ambition for the years ahead is straightforward: to convert as much of the generosity it receives into frontline impact as quickly and responsibly as possible. The trustees intend to bring the charity’s annual project expenditure as close as it can prudently be to the level of donation income received in the same period.

The coming years will see a sharpened focus on the charity’s core development priorities - relief, education and infrastructure - concentrated in the places where hardship is most severe. The trustees have resolved to expand the charity’s aid and development activity, scaling up delivery wherever the charity can do so effectively and accountably.

Resources are best held not in reserve, but in the hands of the communities the charity exists to serve.

FINANCIAL POSITION — YEAR ENDED 31 AUGUST 2025

The year ended 31 August 2025 was one of exceptional growth for the charity.

Total income rose to £67,636,731 (2024: £24,769,457), driven almost entirely by donations and legacies of £67,634,316, while total expenditure reached £64,967,815 (2024: £20,136,264).

The charity recorded a net surplus of £2,668,916 for the year, taking total funds to £7,636,854 at the balance sheet date.

£866,029 £689,748 £6,947,106 £4,101,909 The closing position comprised: Unrestricted funds: Restricted funds: 2025 2024	£866,029 £689,748 £6,947,106 £4,101,909 The closing position comprised: Unrestricted funds: Restricted funds: 2025 2024
Total funds: £7,636,854	£4,967,938

The growth in total funds is attributable to restricted income, which generated a surplus of £6,947,106 as donations were received for specific programmes that will be delivered in the year ahead. The unrestricted general fund reduced by £176,281 over the period.

NOTE ON ACCESS-CONSTRAINED SURPLUS — £6,947,106

The surplus of £6.94 million does not represent unspent or retained funds. It is comprised almost entirely of restricted donations designated for specific programmes - principally emergency relief, food distribution and rehabilitation in Palestine, including Gaza. The ongoing conflict and the severe access restrictions imposed throughout the reporting period have prevented the charity from deploying these funds to their intended beneficiaries within the financial year.

Palestine remains MATW Project's single largest programme by scale, accounting for 69.4% of all instances of support delivered globally in 2024–25. The trustees regard the earmarked funds as a pipeline of aid — received, designated, and ready — and are committed to deploying them in full during the forthcoming financial year. These funds will not be diverted to any other purpose. Delivery of this aid to Gaza and the Palestinian people is both a fiduciary commitment and a moral imperative of the Board of Trustees.

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RESERVES POLICY

The trustees' policy is to hold unrestricted funds that have not been designated for a specific purpose at a level equivalent to three months of expenditure. Reserves at this level are intended to safeguard continuity of the charity's work should income fall unexpectedly, while preserving the flexibility to respond at speed to humanitarian emergencies as they arise.

the pace of growth during the year placed the unrestricted position toward the lower end of the policy range, and they are taking deliberate steps to rebuild free reserves over the coming period through broader income diversification, tighter management of administrative cost, and disciplined cash flow planning.

defined humanitarian programmes - principally emergency relief and are held in trust to be applied strictly carry forward to support both ongoing charitable activity within the General Fund and the charity's free reserves requirement.

GIFT AID

Historical Gift Aid recoverable on eligible donations has been claimed from HM Revenue & Customs, it was the current reporting period, the trustees have recognised the associated Gift Aid income in the year in which the claim is made and the amount is received, reflecting the timing of the charity's claim submission

BUSINESS CONTINUITY

The trustees have reviewed the charity's financial resources, forecast activity and commitments, and are satisfied that the charity has sufficient resources to meet its obligations and continue delivering its charitable objects for at least twelve months from the date these financial statements are approved. In reaching this view the trustees have had regard to the charity's strong closing cash position, the level of restricted funds committed to forthcoming programmes, and the absence of material borrowings. Accordingly, the financial statements have been prepared on a going concern basis.

FUNDRAISING APPROACH

The charity’s fundraising is built on a broad and resilient income base, combining the reach of digital channels with the trust that comes from close, transparent relationships with supporters. A digital-first model sits at the heart of this approach, allowing the charity to engage a worldwide donor community quickly and at scale, with giving handled through secure, established payment providers.

Regular, permission-based supporter communications keep donors informed of progress, results and urgent appeals - while the charity holds itself to high standards of donor care, data protection and regulatory compliance.

MATW PROJECT . ANNUAL REPORT 2025

FUNDRAISING PERFORMANCE

During the year the charity invested significantly in fundraising to support a period of rapid growth, with total fundraising and publicity costs of £20.29 million, comprising £18.86 million of advertising and £1.42 million cost of processing donations. This supported a total income of £67.63 million (2024: £24.77 million), an increase of £42.81 million on the prior year, and grew the charity's donor base by 141%. The charity’s strategy is focused on long term sustainability.

The cost of generating funds represented approximately 30.0p for every pound of income raised (2024: 12.4p). The trustees recognise that the cost of fundraising rose as a proportion of income during this scaling phase, reflecting the upfront investment required to build a substantially larger supporter base, and are monitoring fundraising efficiency closely with the objective of improving the ratio in future periods as that enlarged donor base matures and income streams diversify.

The charity holds itself to high standards of donor care, data protection and regulatory compliance - balancing immediate emergency-response capacity with the longer-term goal of sustainable, diversified income.

100% DONATION POLICY

When a donor gives to a specific project, 100% of the donation received calculated net of any merchant or banking fees is applied to delivering that project and to raising funds in support of that project or other MATW projects. No portion of a project donation is used to meet the charity's day-to-day administration costs.

The charity divides its expenditure into three categories:

Project Costs: the direct costs of procurement and delivering aid, together with the programme delivery support costs necessary to deliver it: in-country programme finance, field compliance, logistics, monitoring, media evidence and the cost of transferring funds to the field.

Fundraising Costs: the costs of donor engagement and raising funds, including the merchant and banking fees deducted when donations are received.

Administration Costs: central governance, corporate financial management and statutory regulatory compliance, utilities, salaries and other day to day admin operations.

A donor's project donation is applied to Project Costs and Fundraising Costs only. No portion is applied to Administration Costs, which are funded separately through donations given specifically for administration, Gift Aid, and other unrestricted income allowing the charity to operate sustainably while honouring its commitment to project donors.

The trustees are responsible for ensuring that all funds are applied solely in furtherance of the charity's purposes, that clear records and audit trails are maintained, and that public trust and confidence are protected at all times.

COST OF PROCESSING DONATIONS

Merchant and banking fees are deducted by payment processors at the point of donation, before funds reach the charity’s bank accounts. The charity therefore receives only the net amount of each donation, not the gross sum entered by the donor. As these fees are an unavoidable cost of receiving donated funds and bringing them into the charity for deployment on programmes, they are treated as part of Project Costs.

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MATW PROJECT . ANNUAL REPORT 2025

COMPLAINTS HANDLING

The charity welcomes feedback of every kind and treats complaints as a valuable source of insight rather than something to be managed away. Anyone - whether a donor, beneficiary, partner or member of the public - can raise a concern through the contact channels published on the charity’s website, and the charity aims to acknowledge each complaint quickly and resolve it within a clear and reasonable timeframe.

Complaints are recorded, handled consistently in line with the charity’s complaints policy, and escalated to senior management or the trustees where their seriousness warrants it.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 AUGUST 2025

The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements, the trustees are required to:

Select suitable accounting policies and then apply them consistently.

• Observe the methods and principles in the Charities SORP.

• Make judgements and estimates that are reasonable and prudent.

• State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.

Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for ensuring that all funds are applied solely in furtherance of the charity’s purposes, that clear records and audit trails are maintained, and that public trust and confidence are protected at all times.

The trustees’ report was approved by the Board of Trustees

.............................. Mr. M. Ismail Trustee

Date: 30[th] June 2026

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MATW PROJECT

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF MATW PROJECT

Opinion

We have audited the financial statements of MATW PROJECT (the ‘charity’) for the year ended 31 August 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

• give a true and fair view of the state of the charity’s affairs as at 31 August 2025 and of its incoming resources and application of resources, for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

• the information given in the financial statements is inconsistent in any material respect with the trustees' report; or

• sufficient accounting records have not been kept; or

• the financial statements are not in agreement with the accounting records; or

• we have not received all the information and explanations we require for our audit.

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MATW PROJECT

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF MATW PROJECT

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

We obtained an understanding of the legal and regulatory framework that the charity operates in, focusing on those laws and regulations that had a material effect on the financial statements or that had a fundamental effect on the operations of the charity from our professional and sector experience.

We performed analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud, and reviewed significant or unusual transactions to identify their underlying supporting rationale.

We inspected the minutes of meetings of those charged with governance, and made direct enquiries of management and the board of trustees concerning the charity's policies and procedures relating to:

• Identifying, evaluating, and complying with laws and regulations and whether they were aware of any instances of non-compliance;

• Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected, or alleged fraud;

• The internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations. - In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates were indicative of a potential bias and tested significant transactions that were unusual or those outside the normal course of business.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Other matters

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

This has been done in order for the financial statements to provide a true and fair view in accordance with current Generally Accepted Accounting Practice.

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MATW PROJECT

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF MATW PROJECT

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Mohammad Jilani (Senior Statutory Auditor)

For and on behalf of Pearlman Rose Chartered Accountants & Statutory Auditors Suite 1, First Floor Jack Dash House 2 Lawn House Close London E14 9YQ

Date: .........................30 June 2026

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MATW PROJECT

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 31 AUGUST 2025

Unrestricted funds 2025 Notes £ Income from: Donations and legacies 3 8,667,492 Investments 4 2,415 Total income 8,669,907 Expenditure on: Raising funds 5 2,601,272 Charitable activities 6 6,244,916 Total expenditure 8,846,188 Net income/(expenditure) and movement in funds (176,281) Reconciliation of funds: Fund balances at 1 September 2024 866,029 Fund balances at 31 August 2025 689,748	Restricted funds 2025 £ 58,966,824 - 58,966,824 17,692,084 38,429,543 56,121,627 2,845,197 4,101,909 6,947,106	Total Unrestricted funds 2025 2024 £ £ 67,634,316 3,406,004 2,415 2,598 67,636,731 3,408,602 20,293,356 422,450 44,674,459 2,454,868 64,967,815 2,877,318 2,668,916 531,284 4,967,938 334,745 7,636,854 866,029	Restricted funds 2024 £ 21,360,855 - 21,360,855 2,649,409 14,609,537 17,258,946 4,101,909 - 4,101,909	Total 2024 £ 24,766,859 2,598
				24,769,457
				3,071,859 17,064,405
				20,136,264
				4,633,193 334,745
				4,967,938

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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MATW PROJECT

BALANCE SHEET

AS AT 31 AUGUST 2025

2025 Notes £ £ Current assets Debtors 11 2,625,039 Cash at bank and in hand 6,612,356 9,237,395 Creditors: amounts falling due within one year 12 (1,600,541) Net current assets 7,636,854 The funds of the charity Restricted income funds 13 6,947,106 Unrestricted funds 14 689,748 7,636,854	2024 £ £ 86,987 4,901,351 4,988,338 (20,400) 4,967,938 4,101,909 866,029 4,967,938	2024 £ £ 86,987 4,901,351 4,988,338 (20,400) 4,967,938 4,101,909 866,029 4,967,938
		4,101,909 866,029
		4,967,938

The financial statements were approved by the trustees on ......................... 30th June 2026 .............................. Mr M Ismail Trustee

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MATW PROJECT

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025

Notes Cash flows from operating activities Cash generated from operations 17 Investing activities Investment income received Net cash generated from investing activities Net cash generated from financing activities Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year	2025 £ £ 1,708,590 2,415 2,415 - 1,711,005 4,901,351 6,612,356	2024 £ £ 4,564,008 2,598 2,598 - 4,566,606 334,745 4,901,351	2024 £ £ 4,564,008 2,598 2,598 - 4,566,606 334,745 4,901,351
			4,566,606 334,745
			4,901,351

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MATW PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

Charity information

MATW PROJECT is a is registered as a Charitable Incorporated Organisation (CIO).

1.1 Basis of preparation

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

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MATW PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

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MATW PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

(Continued)

1.8 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	funds	funds		funds	funds
	2025	2025	2025	2024	2024	2024
	£	£	£	£	£	£
Donations and gifts	8,667,492	58,966,824	67,634,316	3,406,004	21,360,855	24,766,859

4 Income from investments

	Unrestricted	Unrestricted
	funds	funds
	2025	2024
	£	£
Other income	2,415	2,598

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MATW PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

5 Expenditure on raising funds

Unrestricted funds 2025 £ Cost of fundraising Advertising 2,418,669 Cost of processing donations 182,603 2,601,272	Restricted funds 2025 £ 16,450,144 1,241,940 17,692,084	Total Unrestricted funds 2025 2024 £ £ 18,868,813 318,248 1,424,543 104,202 20,293,356 422,450	Restricted funds 2024 £ 1,995,903 653,506 2,649,409	Total 2024 £ 2,314,151 757,708
				3,071,859

6 Expenditure on charitable activities

Direct costs Donor projects Educational Emergency programs Food Aid General Healthcare Orphan project Qurbani Zakat Program delivery support costs General and admin Analysis by fund Unrestricted funds Restricted funds 7 Net movement in funds The net movement in funds is stated after charging/(crediting): Fees payable for the audit of the charity's financial statements	Charitable activities 2025 £ 2,446,019 46,140 16,541,504 1,668,343 1,152,445 8,400 1,557,127 3,213,500 5,855,604 32,489,082 8,902,807 3,282,570 44,674,459 6,244,916 38,429,543 44,674,459 2025 £ 14,520	Charitable activities 2024 £ 255,020 17,206 9,008,118 1,742,664 1,035,844 3,981 339,958 2,454,027 788,564
		15,645,382 1,384,376 34,647
		17,064,405
		2,454,868 14,609,537
		17,064,405
		2024 £ 13,200

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MATW PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

9 Employees

The average monthly number of employees during the year was:

	2025	2024
	Number	Number
Total	-	-

There were no employees whose annual remuneration was more than £60,000.

10 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

11 Debtors

Amounts falling due within one year: Other debtors Prepayments and accrued income	2025 £ 2,137,375 487,664 2,625,039	2024 £ 86,987 -
		86,987

Prepayment and accrued income include amounts due to the charity at the year end in respect of income that had been processed or claimed before the reporting date but was received after year end.

12 Creditors: amounts falling due within one year

Trade creditors Other creditors Accruals and deferred income	2025 £ 1,521,253 56,848 22,440 1,600,541	2024 £ - - 20,400
		20,400

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MATW PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

13 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

Restricted funds Previous year: Restricted funds	At 1 September 2024 £ 4,101,909 At 1 September 2023 £ -	Incoming resources Resources expended At 31 August 2025 £ £ £ 58,966,824 (56,121,627) 6,947,106 Incoming resources Resources expended At 31 August 2024 £ £ £ 21,360,855 (17,258,946) 4,101,909

14 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

General funds Previous year: General funds	At 1 September 2024 £ 866,029 At 1 September 2023 £ 334,745	Incoming resources £ 8,669,907 Incoming resources £ 3,408,602	Resources expended At 31 August 2025 £ £ (8,846,188) 689,748 Resources expended At 31 August 2024 £ £ (2,877,318) 866,029

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MATW PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

15 Analysis of net assets between funds

Unrestricted Restricted funds funds 2025 2025 £ £ At 31 August 2025: Current assets/(liabilities) 689,748 6,947,106 689,748 6,947,106 Unrestricted Restricted funds funds 2024 2024 £ £ At 31 August 2024: Current assets/(liabilities) 866,029 4,101,909 866,029 4,101,909	Total 2025 £ 7,636,854
	7,636,854
	Total 2024 £ 4,967,938
	4,967,938

16 Related party transactions

During the year the charity paid certain expenses on behalf of other MATW entities.

Other debtors

Amounts outstanding at the year end in respect of expenses paid on behalf of other entities were:

• £2,024,497 due from MATW Project USA

• £112,878 due from MATW International France

These balances are included within other debtors.

Other creditors

At the year end, the charity owed:

• £56,848 to MATW International

This balance is included within other creditors.

All inter-entity balances are unsecured, interest-free and repayable on demand.

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MATW PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

17 Cash generated from operations 2025 £ Surplus for the year 2,668,916 Adjustments for: Investment income recognised in statement of financial activities (2,415) Movements in working capital: (Increase) in debtors (2,538,052) Increase in creditors 1,580,141 Cash generated from operations 1,708,590	2024 £ 4,633,193 (2,598) (86,987) 20,400 4,564,008

18 Analysis of changes in net funds

The charity had no material debt during the year.

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