The Good Deed Foundation Report and Financial Statements Year Ended 31 December 2024 Reglstered Charity Number 1041053
The Good Deed Foundation Report and financial statements for the year ended 31 December 2024 Contents Page: Report of the trustees Independent examiner's report Statement of financlal activities Balance sheet 7-11 Notes forming part of the financial statements Trustees M Weiss A Mccormack N Bradley Reglstered addr888 1 Manchester Square, London, W1 U 3AB. Reg18terad charlty number 1041053 Indopondent examlner Rachel Doyle ACA, DCHA MHA, Chartered Accountants, MHA House, Charter Court, Swansea Enterprise Park, Swansea, SA7 9FS. Bankers Barclays Bank plc, One Churchill Place, London, E14 5HP Coutts Crown Dependencies, 23-25 Broad Street, St Heller, Jersey JE4 8QG
The Good Deed Foundation Report of the Trustees for the year ended 31 December 2024 The Trustees present their report and the financial statements for The Good Deed Foundation for the year ended 31 December 2024. These accounts comply with the Charity's trust deed, the Charities Act 2011 and the Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 1021 structure governanc8 and management The Good Deed Foundatlon was establlshed on 16 September 1994 by Trust Deed, and is registered with the Charity Commission under registered number 1041053. Trustee appolntment and tralnlng The Trustees are appointed at the discretion of the existing trustees. On appointment, the decision-making process of the Foundation is explained to new Trustees by one of the existing Trustees who also provides an overview of th8 administrative procedures employed by the Foundation. The Foundation is not a complex organisation and there is a simple management structure. Truste88 The Trustees of the Charity during the year and to the date of this report, were.. M Weiss A Mccormack N Bradley ObJectlve8 and actlvltlos for the publlc beneflt The Charity was established under ils Deed to apply the Charity's income and capital for the advancement of such haritable purpose as the Trustees shall, In their absolute discretion from time to time, think fit. Grant maklng pollcy The reciplents of donations by the Foundation are agreed by the Trustees who, In thelr deliberations, consider the use to which the recipients propose to put their respective donations. Each grant is considered on Its own merlt, Applications for funds are considered indivldually by the Trustees and no specific criteria are required to be met before an application may be put forward to the Trustees. Achlevement81 performance and plans for future porlods for the public benefit The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Foundation's aims and objectlves and in planning current and future activities. All activities have been undertaken for the furtherance of public benefit and for the furtherance of the Charity's purpose as per its Trust Deed. During the year the Trustees made grants totalling £67,814 to a number of charitable organisations (2023.. £84,560). Further details of these are included in note 6 to the financial statements. Grants have been made to various charitable organisations in the areas of poverty relief, religious advancement, education and health. All of these grants were unrestricted. The Trustees intend to continue to pursue the initiatives of the Foundation as laid out in the objectives and activities section of this report as and when funds are available.
The Good Deed Foundation Report of the Trustees for the year ended 31 December 2024 (continued) Flnanclal revlew At year end the Foundation had a deficit of unrestricted funds of £2,055 (2023.. £1,658>. A deficit has arisen in the current year due to timing differences in donations received and grants given. Reserves pollcy As the Charlty operates on mlnlmal overheads, the level of reserves requlred to be malntained Is negliglble. The reserves held are predominantly for future grant commitments. Rl8k management The Trustees are of the opinion that the Charity faces minimal risks. It has sufficient funds, with no commitments made against them. The Trustees will continue to assess any new risks facing the Charity as part of their on-going dutles. Fundralslng statement Section 162a of the Charities Act 2011 requires charities to make a statement regarding fundraising activities. Although we do not undertake widespread fundraising from the general public, the legislation defines fund raising as "soliciting or otherwise procuring money or other property for charitable purposes" Such amounts receivable are presented in our accounts as "voluntary income" and includes legacies and grants. In relatlon to the above, we confirm that all sollcltatlons are managed Internally, without Involvem8nt of commercial participators or professional fund-raisers, or third parties. The day-to-day management of all income generation is delegated to the executive team, who are accountable to the Trustees. The Charlty Is not bound by any undertaking or by any regulatory scheme and the Charity does not consider it necessary to comply with any voluntary code of practice. We have received no complaints in relation to fundraising activities. As we do not approach individuals for funds, we do not consider the Charity to undertake public fundraising activities, nor do we consider it necessary to design specific procedures to monitor such activities. Charltl•s Govèrnance Code The Good Deed Foundation recognises that good governance In a charity is fundamental to its success. Good Deed and its Trustees are continually working towards achieving the highest standards of governance, by reference lo the princlpl88 and r6commended practice of the Charity governance code.
The Good Deed Foundation Report of the Trustees for the year ended 31 December 2024 (continued) Trustees, responsibilities The Trustees are responsible for preparing the Annual report and the financial statements in accordance with applicable law and regulations. Charity law requires the Trustees to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practicè IUnSted Kingdom Accounting Standards and applicable lawl. Under charity law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements, the Trustees are required to.. select suitable accountlng pollcles and then apply them consistently., make juégements and accounting estimates that are reasonable and prudent., state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements,, and prepare the financlal statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charity's transactions and 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. 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. Approved by the Tru8tee8 and 81gn8d on th8lr behalf by: N Bradley Trustee Date.. bliolioi(
The Good Deed Foundation Report of the Independent Examiner's for tha year ended 31 December 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE GOOD DEED FOUNDATION I report to the Trustees on my examination of the accounts of The Good Déed Foundation for the year ended 31 December 2024, which are set out on pages 5 to 11. Responslbllltlos and basis for report As the charity Trustees of the Foundation you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 { the Act"}. I report In respect of my examination of the Foundation's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5)(bl of the Act. Independent examln•r'8 8tat8mont I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect,. accounting records were not kept In respect of the Trust as required by section 130 of the Act,, or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the applicable requirements concerning the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examlnation to which attention should be drawn in thls report in order to enable a proper understandlng of the accounts to be reached. Rachel O"oyle ACA DChA for and on behalf of MHA Chartered Accountants MHA House Charter Court Swansea Enterprise Park Swansea SA7 9FS Date: 31 October 2025 MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number OC455542).
The Good Deed Foundation Statement of Financial Activities for the year ended 31 December 2024 Note Unrestrlcted funds Unrestricted funds 2024 2023 In¢omg Donatlons 70,481 80,095 Total Income 70,481 80,095 Expondlture Charitable activities 170,878) (87,699) Total expendlture (70,878) 187,899) Not Incomal(expendlture) 1397) (7,604) Balancè brought forward 11,6581 5,946 Balance carrled forward (2,065) {1,658} The Charity made no recognised gains or losses in the year other than the movement in net funds set out above. All income and expenses derive from continuing operations, All funds are unrestricted funds. The notes on pages 7 to 11 form part of these financial statements.
The Good Deed Foundation Balance sheet As at 31 December 2024 Note 2024 2023 Current assets Cash at bank and in hand 645 3,592 645 3,592 Current Ilabllltles Credltors falling due wlthln one year 12,700 (5,2501 Net a88ets (2,055) {1,658J Unrestrlcted funds Gener81 fund 12,056 (1,6581 The financial statements were approved by the Trustees and authorised for issue on bli | 2 0 LC Signed on behalf of the Trustees N Bradley Trustee Date.. ,}1£)L< The notes on pages 7 to 11 form part of these financial statements.
The Good Deed Foundation Notos forming part of the financial Statements for the year ended 31 December 2024 Accountlng policies The accounts (financial statements} have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015. The accounts (financial statements) have been prepared to give a 'true and fair, view and 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 Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reportin9 Standard applicable in the UK and Republic of Ireland {FRS 1021 issued on 16 July 2014 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The Foundation constitutes a public benefit entity as defined by FRS 102. The financial statements are prepared in £ sterling, the functional currency, rounded to the nearest £1. The Financial Statements are prepared on the going concern basis which assumes that The Good D8ed Foundation will continue operational existence for the foreseeable future. The Board of Trustees have considered the working capital and cash flow requirements and consider that the current and forecast cash resources are sufficient to Gover the working capital requirements of the Charity for at least 12 months from the signing date of these financial statements, There are no significant areas of judgement nor key accounting estimates that affect items in the financial statements. Accounting convention The accounts have been prepared under the historical cost convention. Fund accounting Funds held by the Charity are unrestricted funds. Income All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Donations and the related gift ald tax are accounted for on receipt. Investment Income is accounted for on a receivable basis. Expenditur8 All expendlture is accounted for gross, on an accruals basis. 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 Grants payable are payments made to third parties in the furtherance of the charitable objectives of the Foundation. The grants are accounted for where either the Trustees have agreed to pay the grant without condition and the recipient has a reasonable expectation that they will receive a grant, or any condition attaching to the grant is outside the control of the Foundation. Foreign currency Foreign currency transactions of the Foundation are translated at the rates ruling when they occurred. Foreign currency monetary assets and liabilities are translated at the rates ruling at the balance sheet dates. Any differences are tsken to the statement of financial activities.
The Good Deed Foundation Notes formlng part of the financial statements for the year onded 31 De¢ember 2024 (contlnuod) Accountlng policies (continu8d) Cash flow statement The accounts do not include a cash flow statement because the Charity, as a small reporting entity, is exempt from the requirement to prepare a cash flow statement under the Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the UK Generally Accepted Accounting Practices (UK GAAP). Allocation of overhead and support costs Overhead and support costs have been allocated entirely to charitable activities. These costs have been attributed to the type of charitable activity on a pro-rata activity Cost by total cost basis. Governance costs are considered akin to support costs and have been allocated on the same basis. R88lised gains and losses All galn8 and losses are taken to the statement of financial activities as they arise, Financ181 Instmments The Charlty only holds basic Financial I nstruments. The flnancial assets and flnanclal liabilities of the Charity are as follows: Debtors ~ trade and other debtors (Including accrued income) are basic flnanclal Instruments and are debt instruments measured at amortised cost. Financial liabilities trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Deferred income Is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obllgation to dellver services rather than cash or another financial Instrument. Accounting estimates and Judgements In the applicatlon of the Charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amounts 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 recognlsed in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods. The Trustees do not consider there are any critlcal judgements or sources of estimation uncertainty requiring disclosure beyond the accounting policies Ilsted above. Related party transactlons The following related party transactions arose during the year.. The Foundation made grants totalling £7,360 (2023.. £23,500) to The Keren Mitzvah Trust, a charity administrated from the same address and with common trustees. Aggregate donations income received without conditions attached from Trustees and their related parties during the year was £67,901 {2023'. £80,095). The foundation received £2,580 from The Keren Mitzvah Trust.12023.'nil) Trustees, remuneratlon The Trustee5 are considered to be the Key Management Personne5 of the charity. The Trustees reGeived no remuneration in re8peGt of their 3erviGe3 to the Charity <2023: £Nil) and were not reimbursed any expenses (2023.. £Nil).
The Good Deed Foundation Notes forming part of tha financlal statements for the year ended 31 December 2024 (continued) Voluntary income 2024 2023 Donations 70,481 80,095 All donations received in the current and prior year were Unrestricted. Analy818 of charltable expendlture The Foundation undertook no direct charitable activities but awarded grants in furtherance of its charitable activities. Details of the grants awarded can be found in note 6. GTant8 Made Support C08ts 2024 Dlract charltablo 8xp8ndlture: Religious advancement Education Health Other 45,776 13,178 1,000 7,860 2,068 596 45 355 47,844 13,774 1,045 8,215 67,814 3,064 70,878 Grants Made Support Costs 2023 Dlrect charltablg oxpendlture: Religious advancement Health Other 59,800 1,260 23,500 2,220 46 873 62,019 1,307 24,373 84,560 3,139 87,699 2024 2023 Support Costs: General Expenses Exchange rate Variance Governance costs - Independent examiner's fee 15 379 2,640 12 477 2,650 3,034 3,319 All Éxpenditure incurred in the current and prior year was from unrestricted funds. The Foundation has no employees (2023.. none).
The Good Deed Foundation Notes forming part of the financial 8tatements for th8 year andad 31 December 2024 (continued) Charitable grant8 All grants made during the year were to institutions. The following charitable grants have been made: 2024 2023 Rell Ious advan Achlsomoch Merko8 Llnyonel Chlnuch Chlcago Centre for Torah and Cho8ed 42,810 1.558 1,408 59,800 46,776 59,800 Alzhelmar8 Soclgty Chlldren wlth Cancer 500 500 1,000 Chabad of the Cayman 181and8 Amorlcan Frlends of Chabad Portugal Congregatlon Ahavas Tzdokah vche8ed Torah & Chesed 7,827 1,423 3,928 1,260 13,178 1,260 her eneral charitable rant Keren Mltzvah Trust Others <£1,000 7,360 500 23,500 7.860 23,500 Total charitable rants 67,814 84,560 10
The Good Deed Foundation Notes forming part of the financial statements for the year ended 31 December 2024 (continued) Creditors: amounts falling duo within ong year 2024 2023 Other credltors and accruals 2,700 5,250 2,700 5,250