**Coming Out of Lockdown Annual Report & Accounts** 2021 **----- Start of picture text -----**
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 2 **----- Start of picture text -----**
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 4 ## **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)._ **----- Start of picture text -----**
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 6 **----- Start of picture text -----**
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."_ - **‘The children ruined their duvet** , and we - **Diana is a cancer patient** , she said: ‘Oh my goodness I was just thinking of getting an overdraft to get myself some clothes since my other ones are not fitting well. You just amaze me!’ - couldn’t afford a new one. It helps keep us warm because we can’t afford to heat the house.’ A beneficiary describes how important the bedding received from Giving World is to her family. - _**David is elderly and blind.** Loneliness and isolation intensified during the pandemic, David was living alone and now shielding too. He said: ‘You have been so kind helping me out with a box of goodies when I can’t get out due to shielding. I have a guide dog and may get to the co-op once a week with help. Your donations of toiletries, warm clothes, hot meals and supplying sanitizer for me to leave in my hallway should I get a carer or visitor, has been brilliant. Thank you so much.’_ - _**Anny is a teenage parent** living in inner city London. She is grateful for the support she receives at a very difficult and demanding time in her life, she said: ‘Thank you so much for the winter clothes for my baby. I do not have any and was wondering how I could buy them with no money left.’_ **• '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 8 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.** - **We are committed to preventing generations of children and families from falling into disadvantage.** **Giving World** Annual Report & Accounts 2021 13 12 ## **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 **Giving World** Annual Report & Accounts 2021 15 **Action Against Hunger** Annual Report 2014 15 14 14 **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 16 16 **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 18 18 ## **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: - select suitable accounting policies and apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and 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 financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. 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 **Giving World** Annual Report & Accounts 2021 21 **Action Against Hunger** Annual Report 2014 21 20 20 ## **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 current**assets|344,375
268,041| |**Net**assets|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: - The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and - The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 **Giving World** Annual Report & Accounts 2021 23 **Action Against Hunger** Annual Report 2014 23 22 22 **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 **Giving World** Annual Report & Accounts 2021 25 **Action Against Hunger** Annual Report 2014 25 24 24 **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: **Giving World** Annual Report & Accounts 2021 27 **Action Against Hunger** Annual Report 2014 27 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| **Giving World** Annual Report & Accounts 2021 29 **Action Against Hunger** Annual Report 2014 29 28 28 **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). **Giving World** Annual Report & Accounts 2021 31 **Action Against Hunger** Annual Report 2014 31 30 30 **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)| **Giving World** Annual Report & Accounts 2021 33 **Action Against Hunger** Annual Report 2014 33 32 32 **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 34 34 ## **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