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2021-12-31-accounts

Coming Out of Lockdown Annual Report & Accounts 2021

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Contents
Our purpose 5
Emerging from lockdown in our 20th year 6
Our impact 8
The year in pictures 10
The year ahead 12
Financial Statements 14
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Giving World Annual Report & Accounts 2021 3

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Our vision
A society where no one is in need
because nothing is wasted.
Our drive
Collaborating to reduce need, promote
hope and encourage mutual support.
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Our purpose

We exist to protect people in need from poverty by saving brand new business surplus products from going to waste, offering a simple solution to fight poverty and reduce landfill, two of the most relevant problems we face in the UK today.

families need to get back on their feet and take the next steps towards recovery, employment and happier, healthier lives.

A staggering £2bn of surplus goods is generated by UK businesses each year. At the same time 14.5m people live in poverty, a figure expected to rise as we face supply shortages, rising food prices and exponential fuel and heating costs.

At a cost of 34p per intervention, we continue to demonstrate our ability to do more with less (2020: 55p). We keep our costs low whilst achieving national coverage through our dedicated network of 8,000 Donor and Distribution partners. Donor Partners are private companies that trust us with their end of line and discontinued products. These goods are then distributed, for free, to people in need through our Distribution Partners, charities, community and neighbourhood groups.

We provide business excess, life essentials like shampoo, bedding, nappies, washing powder, warm clothing, to the people who need them most around the UK, like vulnerable children and families, homeless people and those suffering addictions or mental health problems, lonely elderly and disabled people.

Each year we give peace of mind to thousands, providing the breathing space individuals and

Giving World Annual Report & Accounts 2021 5

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Emerging from lockdown in our 20th year

IN 2021... WE REDISTRIBUTED A RECORD

2021 saw us completing our 20th year. A year, at the end of which, we all hoped to be leaving behind us Covid lockdowns and social restrictions. The last two years have been a period of major transition for Giving World. We have come through it stronger and more efficient.

3,279,566 life essential products, to 900,411 vulnerable individuals

In all, in the 20 years since Giving World started, between 2001 and 2021, 13.735,872 products have been saved from landfill, representing 56,379 tonnes of CO2e emissions. Importantly, over 5 million people in need have been helped.

We cannot thank enough all our supporters, funders, donors, partners, and volunteers for their generosity and confidence in our work, enabling us to successfully navigate a challenging arena. The vital support we have received, particularly during 2020/21, has helped us to streamline and ramp up our operations to meet the need as we continue to face significantly increased demand.

As part of Giving World’s 20th year celebrations last year, we asked our partners - company donors, supporters and charities - to express in one word what Giving World means to them, their beneficiaries, staff and volunteers. There were so many responses we can’t list them all but common among them are the 20 words shown opposite, testimonials of our 20 years.

In 2021 we redistributed a record 3,279,566 life essential products to 900,411 vulnerable individuals, children and families across every region of the UK (2020: 1.4m products to 619,356 people).

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IRREPLACEABLE SELFLESS AMAZING
ENABLING HOPE ESSENTIAL
LIFELINE
INSPIRING
JOYFUL
RESCUER
GENEROUS
COMFORTING
SUSTAINABILITY
UNITY
CARING
LIFE-CHANGING
HONEST
EFFECTIVE
HUMANE
TRUSTWORTHY
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Giving World Annual Report & Accounts 2021 7

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31.7%
FAMILIES ON LOW INCOME
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Our impact

We measure our impact by means of a monitoring and evaluation system developed in partnership with the University of Leicester.

18.1% CHILDREN & YOUNG PEOPLE

11.1%

CHARITY'S OWN USE

Recording our reach to ten main beneficiary categories, we survey beneficiaries throughout the year. The aim is to measure any 'improvements in life chances' and/or 'reduced feelings of isolation,' as a result of our intervention.

It is impossible to overstate the wide reaching impact the goods have on beneficiaries. We have powerful stories to tell of making low incomes stretch; preventing debt and high risk loans; reducing social isolation; and alleviating the effects of trauma and poverty.

9.4%

9.1%

ADULTS ON LOW

HOMELESS ADULTS

INCOME

3.2% ELDERLY PEOPLE

1.1% ADULTS & CHILDREN FLEEING VIOLENCE

10.4% ADULTS IN ILL HEALTH

5%

OTHER VULNERABLE/ ISOLATED GROUPS

0.9% ADULTS WITH MENTAL HEALTH PROBLEMS

Just some of their stories...

"I was so grateful to receive a package with toiletries, cups and plates which helped me hugely in the refuge."

• 'Domestic and sexual violence has been on the rise since the pandemic started and victims need as much support as possible,’ says a community group in Chesterfield that rehomes victims. They add, ‘Leaving an abusive situation means survivors have to go without essential items when already facing a difficult time so anxiety is high. It may seem a small thing but to be able to have clean clothes or a few items for their home means the absolute world to people in this situation.’ Sarah was rescued by the Police from an abusive relationship. She said: ‘When the police arrived at the house they did not give me any time to pack, so I had to leave with my child without anything for baby and myself. I was so grateful to receive a package with toiletries, cups and plates which helped me hugely in the refuge.’

2021 IMPACT:

4,012 BENEFICIARIES SURVEYED

82.7%

reported an improvement in life chances 98.2% reported reduced feelings of isolation

• School children and young people have been particularly hard hit by the pandemic, their learning and well-being deeply affected. Many schools expanded their support, not only to their pupils but also to the families experiencing hardship. A teacher in Lincolnshire expresses the impact of Giving World’s support: ‘Every item that you have donated is making a difference to our children. 79% of them qualify for free school meals, the threshold for qualifying being an annual household income of less than £7,000. This sort of money does not go a long way and the pandemic has exacerbated this. Some of our families had jobs in the gig economy that disappeared overnight and others relied on mutual childcare arrangements in order to work, which were not able to happen with the restrictions. It was the ‘non-essentials’ that went missing first: games, toys, art equipment and books. All those elements that we know are essential to the holistic upbringing of a young mind were no longer available to our families who had to prioritise food and rent. Thanks to your donations, we can put a little bit of colour back into the homes of our families.’

Giving World Annual Report & Accounts 2021 9

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The year in pictures GivinyWorldAnnual Report&Accounts2021111

"We are committed to preventing generations of children and families from falling into disadvantage."

The year ahead

We are dealing with matters of such intertwined complexity in the world today that the mind truly boggles under the weight of it all: war in Europe, worsening supply chains, fuel and energy instability, rising prices, the list can go on.

However, at its most basic level what we know is that the severest impact will be felt by those already struggling financially. And there will be many, many more newly vulnerable children and families in the year ahead.

We are committed to responding to the needs of people in poverty and those facing multiple inequities, collaborating with our business and charity partners to divert surplus stocks to fulfil needs.

Giving World Annual Report & Accounts 2021 13

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Contents
Company registration number: 05184361 Contents
Charity registration number: 1105883
Reference and Administrative Details 16
Strategic Report 17
Trustees' Report 18 to 19
Statement of Trustees' Responsibilities 20
Independent Examiner's Report 21
Statement of Financial Activities 22
Giving World Balance Sheet 23
Financial Statements Notes to the Financial Statements 24 to 34
for the Year Ended 31 December 2021

John R Reeds FCA 48 St Peters Road Buxton Derbyshire SK17 7DX

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Reference and Administrative Details

Strategic Report for the Year Ended 31 December 2021

Trustees

Narayan Mistry

Hilary Jenkinson Pushpa Mistry Ms Rama Bhalla Secretary

Ms Rama Bhalla

Patrons

The trustees, who are directors for the purposes of company law, present their strategic report for the year ended 31 December 2021, in compliance with s414C of the Companies Act 2006.

Achievements and performance

Key financial performance indicators

Achievements and performance
Key financial performance indicators
Unit 2021 2020
Cost Per Beneficiary Pence 33.60 55.00

Financial review

Policy on reserves

Charles Fowler M.A. Oxon

Marthe Larson Dip.Art Oxon Arthur Bastings Therese Grankvist Senior Management Team

Ms Sujata Sabharwal, Resources Director

Ms Rama Bhalla, Projects Director

In order to ensure operations can continue without interruption or harm to the charity’s services, we will as a result of the current Covid Pandemic transfer reserves level equal to eight months’ operating costs, represented in the charity’s free unrestricted funds.

Funds in deficit

There are no funds in deficit

Principal funding sources

Funding is received from a number of sources including grant giving Trusts and Foundations and its trading subsidiary Personal Care Packs.

Principal Office

Investment policy and objectives

92 Burleys Way Leicester LE1 3BD

Registered Office

92 Burleys Way Leicester LE1 3BD

The charity is incorporated in United Kingdom.

The charity does not invest funds other than Cash Deposits with FCA approved Deposits and Savings Protection The Investment of £100 in Personal Care Packs Ltd is stated at fair value

The strategic report was approved by the trustees of the charity on June 4th 2022 and signed on its behalf by:

......................................... Hilary Jenkinson Trustee

Company Registration Number

05184361

Charity Registration Number

1105883

Bankers

CAF Bank Ltd West Malling Kent Independent Examiner

John R Reeds FCA 48 St Peters Road Buxton Derbyshire SK17 7DX

Giving World Annual Report & Accounts 2021 17 Action Against Hunger Annual Report 2014 17

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Trustees' Report

Trustees' Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 December 2021.

Objectives and activities

Objects and aims

Relationships with related parties

Personal Care Packs Ltd Personal Care Packs Ltd distributes by way of gift aid funds received from the supply and distribition of Health Care Products.

Financial instruments

The company is registered as a charity and its Charitable Objects are:

To relieve poverty and sickness and to advance education by the provision of financial aid, grants, goods, equipment and by other such means as are exclusively charitable as the trustees in their absolute discretion determine.

We distribute new business end of line stock and equipment to people living in poverty across the UK. Essential supplies are given for free to the most vulnerable in our communities.

Objectives, strategies and activities

In 2021 we redistributed 3,279,566 (2020 1,408,622) brand new business surplus products to 900,411 (2020 619,539) people in need.

Public benefit

Giving World’s only mandate is to help people in need through the distribution of business surplus products for free to communities in need.

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Going concern

The Charity is adequately funded and there are no material uncertainties with the ability to continue of the value of assets.

Structure, governance and management

Nature of governing document

The charitable company is constituted under a Memorandum of Articles and is governed by its Articles of Association. The liability of its members in the event of the company being wound up is limited to £1.

Objectives and policies

The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.

Cash flow risk

Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows.

Credit risk

The Charity’s principal financial assets are bank balances and cash, trade and other receivables, and investments.

The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.

The Charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.

Liquidity risk

Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.

Employment of disabled persons

The Company operates an equal oppotunities policy.

Creditor payment policy

Payments are made within 30 days to suppliers

Recruitment and appointment of trustees

Prospective new trustees are invited to attend meetings informally to gain an understanding of the organisation and their role and responsibilities. New trustees are given copies of the charity’s legal documents, management information and accounts, together with general reading material about the charity and Charity Commission literature. This is followed by meetings with the Chair and other Trustees.

The annual report was approved by the trustees of the charity on June 4th 2022 and signed on its behalf by:

.........................................

Arrangements for setting key management personnel remuneration

Hilary Jenkinson Trustee

Key Management is involved in the distribution of surplus product, income generation and organising of volunteers with remuneration set by Trustees.

Organisational structure

Strategic Governance is through the Charity Trustees who set the overall parameters for the organisation, ensures it meets its charitable objectives and produces an annual report. Day to day management is allocated to two Directors. The current team of trustees and directors are experienced community members with a range of financial, banking and business development experience.

Giving World Annual Report & Accounts 2021 19 Action Against Hunger Annual Report 2014 19

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Statement of Trustees' Responsibilities

The trustees (who are also the directors of Giving World for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. Under company 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 charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the trustees of the charity on June 4th 2022 and signed on its behalf by:

......................................... Hilary Jenkinson Trustee

Independent Examiner's Report to the trustees of Giving World

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2021 which are set out on pages 22 to 34.

Respective responsibilities of trustees and examiner

As the charity’s trustees of Giving World (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of Giving World are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

Since Giving World's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of Giving World as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

......................................

John R Reeds ICAEW

48 St Peters Road Buxton Derbyshire SK17 7DX

Date: June 4th 2022

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Statement of Financial Activities for the Year Ended 31 December 2021 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Statement of Financial Activities for the Year Ended 31 December 2021
(Including Income and Expenditure Account and Statement of Total
Recognised Gains and Losses)		 Statement of Financial Activities for the Year Ended 31 December 2021
(Including Income and Expenditure Account and Statement of Total
Recognised Gains and Losses)
Note
Unrestricted
funds
£
Restricted funds
£
Total
2021
£
Total
2020
£
Income and Endowments from:
Donations and legacies
3
244,160
150,790
394,950
459,557
Investment income
4
1,181
-
1,181
103
Total Income
245,341
150,790
396,131
459,660
Expenditure on:
Charitable activities
5
182,535
140,425
322,960
365,756
Governance costs
6
445
400
845
508
Total Expenditure
182,980
140,825
323,805
366,264
Net income
62,361
9,965
72,326
93,396
Net movement in funds
62,361
9,965
72,326
93,396
Reconciliation of funds
Total funds brought forward
164,751
119,422
284,173
190,777
Total funds carried forward
16
227,112
129,387
356,499
284,173
Note Unrestricted
funds
£
Restricted funds
£
Total
2020
£
Income and Endowments from:
Donations and legacies
3		 216,917
242,640
459,557
Investment income
4		 103
-
103
Total income 217,020
242,640
459,660
Expenditure on:
Charitable activities
5		 (164,616)
(201,648)
(366,264)
Total expenditure (164,616)
(201,648)
(366,264)
Net income 52,404
40,992
93,396
Net movement in funds 52,404
40,992
93,396
Reconciliation of funds
Total funds brought forward 112,347
78,430
190,777
Total funds carried forward
16		 164,751
119,422
284,173

All of the charity's activities derive from continuing operations during the above two periods.

The funds breakdown for 2020 is shown in note 16.

(Registration number: 05184361) Balance Sheet as at 31 December 2021

Note 2021
£
2020
£
Fixed assets
Tangible assets
11		 12,024
16,032
Investments
12		 100
100
12,124
16,132
Current assets
Debtors
13		 69,218
56,128
Cash at bank and in hand
14		 275,877
292,878
345,095
349,006
Creditors: Amounts falling due within oneyear
15		 (720)
(80,965)
Net currentassets 344,375
268,041
Netassets 356,499
284,173
Funds of the charity:
Restricted income funds
Restricted funds 129,387
119,422
Unrestricted income funds
General Reserves 227,112
164,751
Total funds
16		 356,499
284,173

For the financial year ending 31 December 2021 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements on pages 22 to 34 were approved by the trustees, and authorised for issue on June 4th 2022 and signed on their behalf by:

.........................................

Hilary Jenkinson Trustee

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Notes to the Financial Statements for the Year Ended 31 December 2021

Notes to the Financial Statements for the Year Ended 31 December 2021

1 Charity status

The charity is limited by share capital, incorporated in United Kingdom.

The address of its registered office is: 92 Burleys Way Leicester LE1 3BD

Authorised for issue date

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared 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) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.

Basis of preparation

Giving World meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Exemption from preparing a cash flow statement

The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

Income and endowments

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 the income receivable can be measured reliably.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Grant provisions

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £1000 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate Furniture and Equipment 20% Straight Line

Fixed asset investments

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Investment income

Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.

Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.

Trade debtors

Trade Debtors are amounts due from customers / Benefactors

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Notes to the Financial Statements for the Year Ended 31 December 2021

Notes tothe Financial Statements for the Year Ended 31 December 2021

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

3 Income from donations and legacies

3
Income from donations and legacies		 3
Income from donations and legacies
Unrestricted
funds
General
£
Restricted funds
£
Total
2021
£
Total
2020
£
Grants, including capital grants;
Grants from other charities
244,160
150,790
394,950
459,557
244,160
150,790
394,950
459,557
4
Investment income
Unrestricted
funds
General
£
Total
2021
£
Total
2020
£
Interest receivable and similar income;
Interest receivable on bank deposits 1,181
1,181
103

5 Expenditure on charitable activities

Unrestricted
funds
Note
General
£
Grant funding of
activities
95,698
Staff costs
86,837
182,535
6
Analysis of governance and support costs
Governance costs
Unrestricted
funds
General
£
Staff costs
Wages and salaries
40
Independent examiner fees
Examination of the financial
statements
405
Other governance costs
-
445		 Restricted
funds
£
42,211
98,214
140,425
Restricted
funds
£
400
-
-
400		 Total
2021
£
137,909
185,051
322,960
Total
2021
£
440
405
-
845		 Total
2020
£
168,966
196,790
365,756
Total
2020
£
-
395
113
508

7 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

8 Staff costs

The aggregate payroll costs were as follows:

Staff costs during the year were:
Wages and salaries		 2021
£
185,491		 2020
£
196,790

The monthly average number of persons (including senior management team) employed by the charity during the year expressed as full time equivalents was as follows:

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26 26

Notes to the Financial Statements for the Year Ended 31 December 2021

Notes to the Financial Statements for the Year Ended 31 December 2021

----- Start of picture text -----
2021 2020
No No
Administration Staff 8 8
----- End of picture text -----

No employee received emoluments of more than £60,000 during the year.

----- Start of picture text -----
9 Independent examiner's remuneration
2021 2020
£ £
Examination of the financial statements 405 395
----- End of picture text -----

10 Taxation

The charity is a registered charity and is therefore exempt from taxation.

10
Taxation
The charity is a registered charity and is therefore exempt from taxation.
11
Tangible fixed assets
Furniture and
equipment
£
Total
£
Cost
At 1 January2021 84,040
84,040
At 31 December 2021 84,040
84,040
Depreciation
At 1 January 2021 68,008
68,008
Charge for theyear 4,008
4,008
At 31 December 2021 72,016
72,016
Net book value
At 31 December 2021 12,024
12,024
At 31 December 2020 16,032
16,032
12
Fixed asset investments
2021
£
2020
£
Other investments 100
100
13
Debtors
2021
£
2020
£
Trade debtors 65
-
Due from group undertakings 69,157
56,128
VAT recoverable (4)
-
69,218
56,128
Group Undertakings includes £30,000 (2020: £30,000) receivable after mor e than one year.
2021
£
14
Cash and cash equivalents
2021
£
2020
£
Cash on hand 8
58
Cash at bank 275,869
292,820
275,877
292,878

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Notes to the Financial Statements for the Year Ended 31 December 2021

Notes to the Financial Statements for the Year Ended 31 December 2021

15
Creditors: amounts falling due within one year
2021
£
2020
£
Other taxation and social security -
4,178

Other creditors		 1,095
77,162
Accruals (375)
(375)
720
80,965
16
Funds
Balance at 1 Incoming Resources Balance at 31
January 2021 resources expended December 2021
£ £ £ £
Unrestricted funds
General 164,751 245,341 (182,980) 227,112
Restricted funds 119,422 150,790 (140,825) 129,387
Total funds 284,173 396,131 (323,805) 356,499
Balance at 1 Incoming Resources Balance at 31
January 2020 resources expended December 2020
£ £ £ £
Unrestricted funds
General
General Reserves 112,347 217,020 (164,616) 164,751
Restricted funds
Balance 78,430 242,640 (201,648) 119,422
Total funds 190,777 459,660 (366,264) 284,173

17 Related party transactions

During the year the charity made the following related party transactions:

Premises made available to Charity

Giving World has been granted a lease for a period of 15 Years from 1 March 2011 at 92 Burleys Way. Two members of the SMT are related to the lessor of the Building.

The annual rental is £9500 which is below the current market value of £40000 per annum.. At the balance sheet date the amount due to/from Premises made available to Charity was £Nil (2020 - £Nil).

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Detailed Statement of Financial Activities for the Year Ended 31 December 2021

Detailed Statement of Financial Activities for the Year Ended 31 December 2021

2021
2021
Unrestricted
funds
General
£
Restricted funds
£
Total
£
Total
2020
£
Income and Endowments from:
Donations and legacies (analysed
below)		 244,160
150,790
394,950
459,557
Investment income(analysed below) 1,181
-
1,181
103
Total income 245,341
150,790
396,131
459,660
Expenditure on:

Charitable activities(analysed below)		 (182,980)
(140,825)
(323,805)
(366,264)
Total expenditure (182,980)
(140,825)
(323,805)
(366,264)
Net income 62,361
9,965
72,326
93,396
Net movement in funds 62,361
9,965
72,326
93,396
Reconciliation of funds
Total funds brought forward 164,751
119,422
284,173
190,777
Total funds carried forward 227,112
129,387
356,499
284,173
2021
2021
Unrestricted
funds
General
£
Restricted funds
£
Total
£
Total
2020
£
Donations and legacies

Restricted Voluntary Income		 -
-
-
171,239
Big Lottery Grant -
81,204
81,204
66,007
Voluntary Income -
69,586
69,586
5,394
Voluntary Income 163,571
-
163,571
131,286
Gift Aid from subsidiary 29,389
-
29,389
26,131
Other Income 51,200
-
51,200
59,500
244,160
150,790
394,950
459,557
2021
2021
Unrestricted
funds
General
£
Total
£
Total
2020
£
Investment income
Interest on cash deposits 1,181
1,181
103
1,181
1,181
103
2021 2021 2021
Unrestricted
funds
Total
General Restricted funds Total 2020
£ £ £ £
Charitable activities
Donated Services and Sponsorship (51,200) - (51,200) (59,500)
Freight and carriage (9,231) - (9,231) (20,425)
Building Refurbishment - (2,875) (2,875) -
Building Maintenance (16,412) - (16,412) (450)
Budiling Refurbishment (11,211) - (11,211) -
Staff and Volunteer Costs - (98,214) (98,214) (131,120)
Staff and Volunteer Costs (86,837) - (86,837) (65,670)
Rent - (9,500) (9,500) -
Rent - - - (9,500)
Light, heat and power - (6,202) (6,202) (4,980)
Insurance - (840) (840) (750)
Insurance (1,091) - (1,091) (1,500)

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Detailed Statement of Financial Activities for the Year Ended 31 December 2021

2021
2021
Unrestricted
funds
General
£
Restricted funds
£
Total
£
Total
2020
£
Equipment repairs and Renewals -
(3,024)
(3,024)
(4,489)
Equipment repairs and renewals (1,420)
-
(1,420)
(133)
Telephone and fax -
-
-
(1,881)
Telephone and fax (1,848)
-
(1,848)
-
Computer software and maintenance
costs		 -
(5,640)
(5,640)
(7,549)
Computer software and maintenance
costs		 (2,200)
-
(2,200)
(1,552)
Printing, postage and stationery (44)
-
(44)
(1,411)
Trade subscriptions -
-
-
(264)
Sundry expenses -
(12)
(12)
1
Sundry expenses (256)
-
(256)
(92)
Travel and subsistence (52)
-
(52)
(234)
Marketing (139)
-
(139)
(3,070)
Bank charges (97)
-
(97)
(60)
Business Development -
(10,110)
(10,110)
(14)
Legal and professional fees (497)
-
(497)
(305)
Depreciation of Equipment -
(4,008)
(4,008)
(50,808)
Staff and Volunteer Costs -
(400)
(400)
-
Staff and Volunteer Costs (40)
-
(40)
-
Cost of trustee meetings -
-
-
(58)
Cost Of Trustees Meetings -
-
-
(55)
Independent examiner's fee (405)
-
(405)
(395)
(182,980)
(140,825)
(323,805)
(366,264)

Giving World Annual Report & Accounts 2021 35 Action Against Hunger Annual Report 2014 35

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Giving World

Email info@givingworld.org.uk

Telephone 0116 251 6205

Website givingworld.org.uk

Office address 92 Burleys Way Leicester LE1 3BD

Company registration number: 05184361 Charity registration number: 1105883

Graphic design: keith.hagan.design@gmail.com Photography: peter@genius.photo

Further images courtesy of Unsplash.com and Pixabay.com