REGISTERED COMPANY NUMBER: 06689824 {England and Wales) REGISTERED CHARITY NUMBER: 1126262 REPORT OF THE TRUSTEES AND UNAUDITEO FINANCIAL STATEMENTS FOR THE PERIOD 1 AUGUST 2023 TO 31 JANUARY 2025 FOR INTO GIVING LTD Galloways Accounting Limited 15 West Street Brighton East Sussex BN12RL
INTO GIVING LTD CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 1 AUGUST 2023 TO 31 JANUARY 2025 Page Report of the Trustees Independent Examiner's Report Statement of Financial Actlvltles Balance Sheet Notes to the Flnanclal Statements 8 to 12 Detalled Statement of Flnanclal Activities 13
INTO GIVING LTD REPORT OF THE TRUSTEES FOR THE PERIOD 1 AUGUST 2023 TO 31 JANUARY 2025 The trustees who are also direclors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 1 August 2023 to 31 January 2025. The trustees have adopted the provisions of 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 20191. OBJECTIVES AND ACTIVITIES Objectives and aims INTO Giving supports a wide range of humanitarian and community causes whilst maintaining a special focus on education. The objectives of the Charity are. To advance the education of young people in particular, but not exclusively, girls and those living in impoverished circumstances, by making grants anywhere in the world,, To act as a resource for young people providing advice and assistance and organising programmes of physical, educational and other aclivilies as a means of advancing life and helping young people develop skills, capacities and capabilities that enable them to participate in society as independent, mature and responsible individuals., To advance such charitable purposes (according to the Law of England & Wales) for the public benefit, as the trustees see fil from lime lo time, through providing grants anywhere in the world that support the prevention or relief of poverty, the advancement of health, community development, human rights, environmental protection and improvemenl, science, amateur sport, Ihe promotion of social diversity and harmony, the relief of those suffering disability and social, medical and financial disadvantage. the efficiency of fire, rescue and ambulance services, and to further such purposes as are recognisable as exclusively charitable under the Law of England and Wales. For the period from 1 August 2023 10 31 January 2025, the Charity has been undergoing a period of review due lo changes in funding, and consequentially there have been limited fundraising and donations during this period. Activities Total income of £fj01,077 was received during the year. Of this amount, £63,043 was donated by INTO University Partnerships to cover all costs of the remlineralion and termination payments of the INTO Giving employees who left the business in August and September 2023. The remaining £38,034 was received from donations, interest and other income A total £1,243 was donated to a number of charities including The Christie Charity and Bowel Cancer UK. FINANCIAL REVIEW Reserves policy The Charity has, al 31 January 2025, unrestricted resetves amounting to £117,946 as shown on page 6 of these financial slalemenls. INTO Giving maintains restricted funds to facilitale strategic new inilialives in accordance with the Charity's mission and strategic plan. Restricted funds represent matched funding from the INTO Giving Founder, Andrew Colin. As al 31 January 2025, the Charity had restricted resetves of £85,924. Page 1
INTO GIVING LTD REPORT OF THE TRUSTEES FOR THE PERIOD 1 AUGUST 2023 TO 31 JANUARY 2025 FINANCIAL REVIEW Golng concern The Trustees have assessed the charity's ability to continue as a going concern. At 31 January 2025, the Charity held cash and cash equivalents of £206,871, of which £85,924 was restricted and £120,947 was unreslricled. The Charity has no borrowings, no long-term liabilities, and only minimal recurring operating costs. Given the very substantial level of unrestricted cash reserves, the complete absence of debt or financing obligations. and the low level of ongoing expenditure, the Trustees are satisfied that the unrestricted reserves are more than sufficient to meet all current and foreseeable commitments. The Trustees therefore have a reasonable expectation that INTO Giving has adequate resources to continue in operational existence for the foreseeable future {being al least, but nol limited to, the next 12 months from the dale of approval of these financial slalements}. Accordingly. the financial statements have been prepared on the going concern basis and the Trustees have concluded that there is no material uncertainly related to going concern. FUTURE PLANS To meet our commitment lo supporting acutely disadvantaged schoolchildren, INTO Giving will, in 2025126 continue to support education projects globally, despite the COVID-19-induced downturn in the Charity's income. INTO Giving will continue to support our existing family of projects if required and where appropriate. All projecls put forward will be put lo the Trustees for consideration and selection. This report has been prepared in accordan with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The Charity constilules a Company limited by guarantee. The Directors are appointed and removed in accordance with the terms sel out in the Company's Articles of Association. At least three Directors musl be appointed at any one lime, bul there is no maximum to this number. There are currently eight Directors appointed to the Company, all of whom are Trustees of the Charity. A Chairperson is decided al each board meeting in the absences of an appointed Chairperson. Page 2
INTO GIVING LTD REPORT OF THE TRUSTEES FOR THE PERIOD 1 AUGUST 2023 TO 31 JANUARY 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Slatement of Trustees, Responsibilities The Trustees are responsible for preparing the Trustees, annual report and the financial slalements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). Company and charity law requires the Trustees to prepare financial slalements for each financial year. Under company law the Trustees musl not approve the financial statements unless they are satisfied that they give a true and fair view of the slate of affairs of the group and parent charity and of the incoming resources and application of resources, including its income and expenditure, of the group for the year. In preparing those financial slalemenls the Trustees are required to.. Select suitable accounting policies and then apply them consistently ObseNe the methods and principles in the Charilies SORP Make judgments and accounting estimates that are reasonable and prudent Prepare the financial 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 adequate and proper accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy al any lime the financial position of the Charity and enable them lo ensure that the financial slalements comply with the Charities Act 2011 and regulations made thereafter and with the requirements of the Companies Act 2006, 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. In so far as the Trustees are aware.. there is no relevant audit information of which the charitable company's auditors are unaware., and the trustees have taken all steps that they ought lo have taken to make themselves. New Trustees are inducted and their responsibilities are outlined lo them so that they are aware of their accounlabililies. Organisational structure Day-to-day management of the charity is delegated to the Trustees with operational support provided on a zero-cosl basis by INTO University Partnerships colleagues, INTO Giving's board of Iruslees aim to meet regularly lo assess the financial and strategic direction of the charity, and lo provide advice toward achieving the charity's objectives. By majorily vole, the board approves the charity's annual accounts and all of INTO Giving's restricted and unreslricled granl-making. Rlsk management The Trustees have a duly to identify and review the risks lo which the Charity is exposed and lo ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The main risk lo the Charity is ensuring that funds raised by employees of INTO University Partnerships {IUP}, their related companies, families and friends, go direct lo the charity and that no funds go astray This is a particular risk when working with partner charities based abroad. However, INTO Giving has pul in place measures to ensure that, as far as possible, the monies raised are spent on the intended project. This is done by completing due diligence prior to establishing any relationship with partner charities and establishing close relationships with our partner charities, who provide clear sets of accounts to INTO Giving showing how our donations have been spent and the impact of these donations on beneficiaries. Partner charities provide regular feedback, and we request they be open to INTO Giving staff and supporters who wish lo visit the project. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 06689824 (England and Wales) Page 3
INTO GIVING LTD REPORT OF THE TRUSTEES FOR THE PERIOD 1 AUGUST 2023 TO 31 JANUARY 2025 Registered Charity number 1126262 Registered office One Gloucester Place Brighton East Sussex BN14AA Trustees P S Ricketts (resigned 81512024} A J Colin J R C Moyle (resigned 1112120231 Y Ahmad (resigned 311812023} E M Samarasin9he A M McGowan A H Morgan P A Thompson (resigned 191212025) S Williamson All INTO Giving Trustees give their time voluntarily and receive no benefit from the Charity, The Trustees bring a wide and relevant range of experience lo the Charity including work in education either al secondary or tertiary level and considerable business experience in the UK and abroad. Independent Examlner Colin Young FCA Galloways Accounting Limited 15 Wesl Street Brighton East Sussex BN12RL Bankers CAFBank Ltd 25 Kings Hill Avenue Wesl Malling Kent ME19 4JQ Operational address One Gloucester Place Brighton East Sussex BN14AA This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on 0811212025 and signed on ils behalf by.. E M Samarasinghe- Trustee Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF INTO GIVING LTD Independent examiner's report to the trustees of Into Glving Ltd {'Ihe Company,) I report to the charity trustees on my examination of the accounts of the Company for the period 1 August 2023 to 31 January 2025. Responslbllltles and basls of report As the charity's trustees of the Company land also ils directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 Acl'}. Having satisfied myself that the accounts of the Company are not required lo 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 I'lhe 2011 Act,), In carrying out my examination I have followed the Directions given by the Charity Commission under Section 14515} (b) of the 2011 Act. Independent examlner's statement I have completed my examination. I confirm that no matters have come lo my attention in connection with the examination giving me cause lo believe.. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act., or the accounts do not accord with those records.. or 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 the accounts have not been prepared in accordance wilh the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable lo 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 lo which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Colin Young FCA Galloways Accounting Limited 15 Wesl Street Brighton East Sussex BN12RL Dale.. Page 5
INTO GIVING LTD STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1 AUGUST 2023 TO 31 JANUARY 2025 Period 118123 to 3111125 Total funds Year Ended 3117123 Total funds Unrestricted Restricted funds fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 99,549 895 100,444 201,682 Investment income 633 633 10 Total 100,182 895 101,077 201,692 EXPENDITURE ON Raising funds 63,921 63,921 126,171 Charitable actlvltles Asia & Middle East Africa Americas Europe General 68,068 960 6,664 18,779 19,986 100 100 180 10,503 1,063 1,243 10,503 Total 74,604 1,163 75,767 240,628 NET INCOMEIIEXPENDITUREI 25,578 (268) 25,310 138,9361 RECONCILIATION OF FUNDS Total funds brought fomard 92,368 86,192 178,560 217,496 TOTAL FUNDS CARRIED FORWARD 117,946 85,924 203,870 178,560 The notes form part of these financial statements Page 6
INTO GIVING LTD BALANCE SHEET 31 JANUARY 2025 2025 Total funds 2023 Total funds Unrestricted Restricted funds fund Notes CURRENT ASSETS Cash at bank 120,947 85,924 206,871 180,720 CREDITORS Amounts falling due within one year (3,001 (3,001) (2,160> NET CURRENT ASSETS 117,946 85,924 203,870 178,560 TOTAL ASSETS LESS CURRENT LIABILITIES 117,946 85,924 203,870 178,560 NET ASSETS 117,946 85,924 203,870 178,560 FUNDS Unrestricted funds Restricted funds 117,946 85,924 92,368 86,192 TOTAL FUNDS 203,870 178,560 The charitable company is entitled lo exemption from audit under Section 477 of the Companies Act 2006 for the peri¢)d ended 31 January 2025. The members have not required the company to obtain an audit of ils financial statements for the period ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (al ensuring that the charitable company keeps accounting records that comply wilh Sections 386 and 387 of the Companies Act 2008 and (bl preparing financial statements which give a true and fair view of the slate of affairs of the charitable company as al the end of each financial year and of ils surplus or deficit for each financial year in accordance with the requiremenls of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating lo financial slalemenls. so far as applicable lo the charitable company. These financial slalements have been prepared in accordance with the provisions applicable lo charitable companies subject lo the small companies regime. The financial slalemenls were approved by the Board of Trustees and authorised for issue on 0811212025 and were signed on its behalf by. E M Samarasinghe- Trustee The notes form part of these financial slalements Page 7
INTO GIVING LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 1 AUGUST 2023 TO 31 JANUARY 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP {FRS 102) '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 IFRS 102) (effective 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial slalemenls have been prepared under the historical cost convention. The accounts are prepared on a going concern basis after consideration by the Iruslees that there are no material uncertainties aboul the Charily's ability to continue as a going concern. Such consideration includes a review of commilled income and expenditures, cash flows and reserves. The trustees do not consider that there are any sources of estimation uncertainly at the reporting date that have a significant risk of causing a malerial adjustment to the carrying amounl of assets and liabilities within the rlext reporting period, The accounts are presented in the companies functional currency of pound sterling 1£). Monetary amounts in these financial slalements are roun(Jed to the nearest £1. Income All income is recognised in the Statement of Financial Activities once the charity has enlitlemenl lo the funds, il is probable that the income will be received and the amount can be measured reliably. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or conslruclive obligation committing the charity to that expenditure, il is probable that a transfer of economic benefits will be required in selllemenl and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related lo the category. Where costs cannot be directly attributed lo particular headings they have been allocated lo activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met al the year end dale are noted as a commitment bul not accrued as expenditure. Taxation The charity is exempl from corporation lax on its charitable activities, Fund accounting Unrestricted funds can be used in accordance wilh the charitable objectives al the discretion of the trustees. Reslricled funds can only be used for particular reslricled purposes within the objects of the charity. Reslriclions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes lo the financial statements. Page 8 continued...
INTO GIVING LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 AUGUST 2023 TO 31 JANUARY 2025 INVESTMENT INCOME Period 118123 to 3111125 Year Ended 3117123 Current Account Interest 633 10 RAISING FUNDS Ralslng donatlons and legacies Period 118123 to 3111125 Year Ended 3117123 Staff costs Administrative expenses 63,043 878 117,395 8,776 63,921 126.171 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the period ended 31 January 2025 nor for the year ended 31 July 2023, Trustees. expenses There were no trustees, expenses paid for the period ended 31 January 2025 nor for the year ended 31 July 2023. STAFF COSTS The average monthly number of employees during the period was as follows.. Period 118123 to 3111125 Year Ended 3117123 Employees The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was.. Period 118123 to 3111125 Year Ended 3117123 £60,001- £70,000 All staff left the charity in September 2023. Payroll costs therefore relate only lo the first two months of the period, and no further employees have been engaged. Page 9 continued...
INTO GIVING LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 AUGUST 2023 TO 31 JANUARY 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 181,886 19,796 201,682 Investment income 10 10 Total 181,896 19,796 201,692 EXPENDITURE ON Raising funds 126,171 126,171 Charitable activities Asia & Middle East Africa Americas Europe General 48,074 19,994 960 6,664 18,378 5,587 68,068 960 6,664 18,779 19,986 401 14,399 Total 189,045 51,583 240,628 NET INCOMEI{EXPENDITURE) (7,149) (31,7871 138,9361 RECONCILIATION OF FUNDS Total funds brought fotward 99,517 117,979 217,496 TOTAL FUNDS CARRIED FORWARD 92,368 86,192 178,560 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2023 Accrued expenses 3,001 2.160 MOVEMENT IN FUNDS Net movement in funds At 3111125 At 118123 Unrestrlcted funds General fund 92,368 25,578 117,946 Restricted funds Sponsorship of Children 86,192 {268} 85,924 TOTAL FUNDS 178,560 25,310 203,870 Page 10 continued...
INTO GIVING LTD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 AUGUST 2023 TO 31 JANUARY 2025 MOVEMENT IN FUNDS - continued Net movement in funds, included in the above are as follows.. Incomlng resources Resources expended Movement In funds Unrestricted funds General fund 100,182 174,604) 25,578 Restricted funds Sponsorship of Chilclren 895 11,163 (2681 TOTAL FUNDS 101,077 (76,767) 25,310 Comparatives for movement In funds Net movement in funds At 3117123 At 118122 Unrestricted funds General fund 99,517 (7,149) 92,368 Restrlcted funds Sponsorship of Children 117,979 (31,787) 88,192 TOTAL FUNDS 217,496 (38,936) 178,560 Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 181,896 1189.045) 17,149} Restricted funds Sponsorship of Children 19,796 {51,583) <31,7871 TOTAL FUNDS 201,692 1240,628) (38,9361 Page11 continued...
INTO GIVING LTD NOTES TO THE FINANCIAL STATEMENTS - conllnued FOR THE PERIOD 1 AUGUST 2023 TO 31 JANUARY 2025 RELATED PARTY DISCLOSURES During the year, INTO University Partnerships financed £65,723 of the chanly's operating costs, including salaries of the charity's team 12023.. £136,561) This amount is therefore showing within income as a donation, as well as within expenditure in the financial statements. 10. ULTIMATE CONTROLLING PARTY Into Giving Limited is controlled by the Board of Truslees. 11. COMPANY LIMITED BY GUARANTEE The company is a private company, limited by guarantee and consequently does not have share capital. Each of the Trustees is liable lo contribute an amount not exceeding £10 towards the assets of the company in the event of a liquidation. Page 12
INTO GIVING LTD DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1 AUGUST 2023 TO 31 JANUARY 2025 Period 118123 to 3111125 Year Ended 3117123 INCOME AND ENDOWMENTS Donatlons and legacies Donations 100,444 201.682 Investment income Current Account Interest 633 10 Tolal Incomlng resources 101,077 201,892 EXPENDITURE Raising donatlons and legacies Wages Administrative expenses 63,043 878 117,395 8,776 63,921 126,171 Charltable activities Project costs 1,343 100,058 Support costs Management Telephone and inlernel Postage and slalionery Other fundraising costs Travel & Subsistence Subscriptions 198 1,743 240 7,990 1,266 960 3,441 1,040 1,257 5,943 12,199 Finance Bank charges Accountancy 570 3,990 160 2,040 4,560 2,200 Total resources expended 75,767 240,628 Net incomellexpenditure) 26,310 138,936) This page does not form part of the statutory financial statements Page13