Company registration number.. 06754603
Charity registration number.. 1128013
Charitable Giving
IA company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 30 April 2022

Charitable Giving
Contents
Trustees, Report
2to6
Statement of Trustees, Responsibilities
Independent Auditors, Report
8t011
Statement of Financial Activities
12
Balance Sheet
13
Notes to the Financial Statements
14to22

Charitable Giving
Reference and Administrative Details
Trustees
Mr D A Alcock (Resigned 17 October 20211
Mr P D Armstrong
MrCRBBrook
Rt. Hon. Lord J P Burnett
Mr R P Jones
Ci)I P R L Lane (Resigned 27 August 20211
Mrs C Pitcher
MrJRSale
Mrs J Smart
Secretary
Mrs J Smart
Sgnior Management Tgam
Mrs C Mortimore, Chief Executive Officer
Mrs S Sherrell, Finance Manager
Registered and Principal Office Unil C4
Union Mine Road
Pitts Cleave
Tavistock
Devon
PL19 ONS
The Charity is incorporated in England and Wales.
Company Reglstratlon Number 06754603
Charity Registration Numbgr
Sollcltors
1128013
Stephens Scown LLP
Osprey House
Malpas Road
Truro
Comwall
TR1 1UT
Bankers
Lloyds Bank
13 Broad Street
Launceston
Comwall
PL15 8AG
Auditor
PKF Francis Clark
Chartered Accountants
North Quay House
Sutton Harbour
Plymouth
Devon
PL4 ORA
Pag8 1

Charitable Giving
Trustees, Report
The Trustees, who are directors for the purposes of company law, present the annual report together
with the financial statements and auditors, report of the charitable company for the year ended 30
April 2022.
Status
The Charity is limited by guarantee, having no share capitsl. It is a registered charity.
The Company was incorporated on 20 November 2008 and is bound by its Memorandum and Articles
of Association. The Charity became registered with the Charity Commission on 12 February 2009.
Principal Activity
The principal activity of the Charity during the year was the administration of the distribution of
charitable donations for..
1 Individual donors through the PayToII Giving scheme.,
2 Employers in developing their corporate social responsibilities in support of their charitable aims.,
and
3 Foundations and major corporations in managing the distribution of their charitable funds and
donations in an efficient and economical manner.
Charity's Objectives
The Charity's objectives are the encouragement of the effectiveness and efficiency of charities by
promoting and advising upon lax efficient giving, counselling on fundraising strategy and providing
fundraising support and administrative services.
In order lo achieve its objectives, the Charity will work with employers and charitable organisalions lo..
Introduce and develop the payToII giving scheme.,
Advise employers on fundraising in the workplace.,
Assist employers in developing their corporate and community charitable aclivilies., and
Provide an efficient and cost effective service for the distribution of charitable donations.
Pag8 2

Charitable Giving
Trustees, Report
Structure and Electlon Process
The Board of Trustees, a t)ody of not less than 4, bul with no maximum, controls the Charity. Trustees
are elected by a quorum of al least 4 members of the Board of Trustees. In the event of the Charity
being wound up, the liability of the members is limited to £10.
The Board links governance and management functions through the Chief Executive Officer.
All Board authority delegated to the day lo day operational organisalion is delegated through the Chief
Executive Officer, so that all authority and accountsbilily for the operational organisalion is considered
to belong to the Chief Executive Officer.
The Chief Executive Officer has no authority lo make any decisions about any maller that the Board
has specifically reserved for itself for decision. Acwrdingly, the Chief Executive Officer must not make
decisions without prior Board approval regarding=
Strategic issues consideration of any project or venture that involves, or could lead to, a
significant alteration of the Charity's risk profile.,
Financial items- approval of the annual budgets, political donations, charitable donations in
excess of £5,000, capital expenditure in excess of £10,000, debt securities, unbudgeled loan
facilities, debt factoring, leaselsale back arrangements and approval of the Annual Reports and
Financial Statements.,
Agreements- approving acquisitions, mergers or disposals of any business or subsidiary,
regardless of value.,
Legal Structure- modification to the legal structure of the Charity.,
Litigation approval of the initiation, conduct and settlement of liligation.,
Administration and benefits - alleralion of the Charity's accounting date, name or registered office
of the Charity and changes to the Memorandum and Articles of Association. Approval of
remuneration packages of the Chief Executive Officer, pension right and compensation payments.,
and
Board arrangements - appointment or removal of the Company secretary or directors,
establishment of Board Committees and approval of the reference tenms and amendment of any
Board policies.
Pag8 3

Charitable Giving
Trustees, Report
Revlew of the Year and Future Developments
The Charitable Giving Board of Trustees are pleased to report another extremely positive and
successful year despite challenging economic circumstances.
Charitable Giving has further increased its portfolio of clients maintaining a highly responsive and
efficient service allowing record numbers of new employer clients lo onboard and develop or further
enhance their Corporate Social Responsibility Progffimmes. The onset of the Ukraine crisis saw both
individuals and employers looking for bespoke and swift solutions lo support the numerous
organisations needing urgent help on the ground (both in the UK and across Europe). The team at
Charitable Giving were proud lo play a significant part in enabling immediate financial support for
charities in the shape of sizeable and specific donations.
Payroll Giving distributions figures have held up well. Though the number of donors overall is reducing
slightly the average value of a regular donation is rising and in addition many high-end earners are
using this lax efficient method of giving lo make large ad hoc donalionlsl for example lo support
Special Appeals or local causes close lo their hearts.
Charity Accounts continue to be a popular feature and numbers of donors choosing to actively
manage their donations this way has risen in line with consumer expectation around online services.
As a result, Charitable Giving has an enhanced programme of development and communications lo
ensure contact with Charity Account holders is maintained and they are both reminded and
encouraged lo distribute any accumulated funds lo chosen beneficiaries.
Charitable Giving continues to focus on excellent customer service, best practi￿, and assuran￿ for
clients via accreditation and certification. ISO standards 27001 and 9001 and Cyber Essentials Plus
are maintained along with a renewed focus on IT Development and associated business efficiencies -
collectively allowing costs lo be kept to a minimum despite rising distribution figures.
The team al Charitable Giving remain consistent and responsive to the organisation's COVID exit
strategy. The office space is maintained, and a programme of hybrid working is in place to manage
employee wellbeing and offer a reliable and continuous personal service for clients. Business and
individual performance is ￿guladY reviewed, an online staff training programme has been introduced
and the Customer Relationship Management team is being expanded.
Despite the Financial Year (FYI 21122 seeing distribution figures in excess of £40M lan approx. 200/0
increase on previous FYI the Board is not complacent with respect to the risk and potential impact of
the cost-of-living crisis on individual donations and are mindful that wage inflation and increased utility
bills have a direct and unwelcome impact on the charity's oulgoings. Staff retention and recruilmenl is
undoubtedly a key focus along with a continuous programme of business efficiency development.
In anticipation of increasingly difficult economic circumstances, the Board has added regular and
specific Sub Committee Meetings lo the already established quarterly review programme and
continues to have a high level of confidence that the Charity will wnlinue as going cOn￿rn.
Pag8 4

Charitable Giving
Trustees, Report
Recrultment and appolntment of Trustees
A programme of rolling retirement from the Board of Trustees has been introduced in anlicipalion of
one retirement each Financial Year. Retirements are based on length of service and where there is
duplication, retirees are selected based on alphabetical rotation to avoid multiple losses lof skills and
experience) from the Board at one time. Trustee recruilmenl is an ongoing agenda item at quarterly
Board Meetings and a skills matrix is maintained lo identify strengths and ensure a reasonable level of
diversity and relevant experience among members. Trustees are elected by a quorum of at least 4
members of the Board of Trustees.
Results
The Charity has a surplus of £67,045 {2021.. £30,351) on unrestricted funds for the year.
Reserves
The policy of the Board is lo sel a level of reserves sufficient to meet the fixed costs of the Charity for
a period of three months. The reserves policy will be reviewed annually. The balance of unreslricled
funds at 30 April 2022 was £521,596 {2021 £456,008) of which £341,10512021 £268,5701, being
the net current assets, is regarded as free reserves. Surplus funds will be used to further the Charity s
objectives.
Principal Risk and Uncertainties
The Trustees of Charitable Giving maintain a risk register which is reviewed quarterfy. The main risks
to Charitable Giving are..
1 IT failure-
2 Property damage.,
3 Loss of key personnel., and
4 Financial loss of deposits.
The Trustees have established systems and procedures lo alleviate the above by full use of off-site
back-up, Ljndersludy personnel and reserved alternative office accommodation. Deposits held on
behalf of third parties before distribution are held with recognised UK established banks including
some term deposits of no more than 12 months.
Financial Risk Management Objectives and Policies
The Charills activities expose il to a number of financial, cash flow, and liquidity risks. The Charity
has in pla￿ the structure lo manage these risks with varioLJS established banks and through effective
budgeting and monitoring of performance. Included in the budget is a capital expenditure budget,
which is approved by the Board of Trustees prior to any significant expenditure being incurred.
Prlce rlsk. credlt rlsk, Ilquldlty rlsk and cash flow rlsk
The Charity's main expense is wages and salaries. Any significant fluclualions in minimum wage, or
employment taxes could have a significant impact on the Charity. Salary costs are continually
monitored against budget and market rates lo ensure these are aligned. There is little exposure lo
credit risk as donations are paid lo Charity beneficiaries once the income has been received from the
donor. Cash deposits are held in various accounts lo spread risk.
Pag8 5

Charitable Giving
Trustees, Report
Publlc Beneflt
The Trustees confirm that they have complied with the duly of the Charities Act 2011 to have due
regard to the Charity Commission for England and Wales's general guidance on public benefit in
exercising their power or duties. They have referred to this guidance when reviewing the Charities
aims and objectives and in planning ils future aclivilies.
Tmstees
Mr D A Alcock (Resigned 17 October 2021 }
Mr P D Armstrong
MrCRBBrook
Rl. Hon. Lord J P Burnett
Mr R P Jones
Col P R L Lane {Resigned 27 August 20211
Mrs C Pitcher
MrJRSale
Mrs J Smart
Disclosure of Infomiation to Auditor
Each Trustee has taken steps that they ought lo have taken as a Trustee in order to make themselves
aware of any relevant audit infomalion and lo establish that the Charity's auditor is aware of that
information. The Trustees confirm that there is no relevant infomialion that they know of and of which
they know the auditor is unaware.
Small Companies Provision Statement
This report has been prepared in accordance with the small companies regime under the Companies
Act 2006.
The annual report Was approved by the Trustees of the Charity on
behalf by..
1910812022
and signed on its
MrJRSale
Trustee
Pag8 6

Charitable Giving
Statement of Trustees, Responsibilities
The TrLJStees (who are also the directors of Charitable Giving for the purposes of company lawl are
responsible for preparing the financial statements in accordance with the United Kingdom A¢wunling
Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and
regulations.
Company law requires the Trustees lo 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 stale of affairs of the charitable company and of ils incoming
resources and application of resources, including its income and expenditure, for that period. In
preparing these financial slatemenls, the Trustees are required lo..
select suitsble accounting policies and apply them consislenlly.,
observe the methods and principles in the Charities SORP-,
make judgements and eslimales that are reasonable and prudent;
stale 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 al any time the
financial position of the charitable company and enable them lo 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 1910812022 and signed on its behalf by:
MrJRSale
Trustee
Pag8 7

Charitable Giving
Independent Auditor's Report to the Members of Charitable Giving
Opinion
We have audited the financial statements of Charitsble Giving Ilhe 'Charily'l for the year ended 30
April 2022, which comprise the Ststemenl of Financial Activities, Balance Sheet, and Notes lo the
Financial Statements, including a summary of significant accounting policies. The financial reporting
framework that has been applied in their preparation is United Kingdom Accounting Standards,
comprising Charities SORP - FRS 102 The Financial Reporting Stsndard applicable in the UK and
Republic of Ireland. and applicable law (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the state of the Charity's affairs as al 30 April 2022 and of its incoming
resources and application of resources, including ils income and expenditure, for the year then
ended.,
have been properfy prepared in accordance with United Kingdom Generally Accepted Accounting
Practice., and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for oplnlon
We conducted our audit in accordance with Intemalional Standards on Auditing IUKI IISAS IUKII and
applicable law. Our responsibilities under those standards are further described in the Auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of
the Charity in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit eviden￿ we have
obtained is sufficient and appropriate lo provide a basis for our opinion.
Concluslons relatlng to golng concern
In auditing the financial statements, we have concluded that the Trustees use of the going concern
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material Un￿rtaIntieS relating to
events or conditions that, individually or collectively, may cast significant doubt on the Charity's ability
to continue as a going concern for a period of at least twelve months from when the original financial
statements were authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are
described in the relevant sections of this report.
Pag8 8

Charitable Giving
Independent Auditor's Report to the Members of Charitable Giving
Other information
The Trustees are responsible for the other information. The other information comprises the
information included in the annual report, other than the financial statements and our auditor's report
thereon. Our opinion on the financial statements does not cover the other information and, except lo
the exlenl olhetwise explicitly slated in our report, we do not express any fom of assurance
conclusion thereon.
In wnnection with our audit of the financial statements, our responsibility is to read the other
information and, in doing so, consider whether the other infomialion is materially inconsistent with the
financial statements or our knowledge obtained in the audit or otherwise appears to be materially
misstated. If we identify such material inconsistencies or apparent material misstatements, we are
required to determine whether there is a material misstatement in the financial statements or a
material misslatemenl of the other information. If, based on the work we have performed, we conclude
that there is a material misslatemenl of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work underiaken in the course of the audit..
the information given in the Trustees, Report for the financial year for which the financial
statements are prepared is consistent with the financial stslemenls- and
the Trustees, Report has been prepared in accordance with 8ppIic8ble legal requirements.
Matters on whlch we are requlred to report by exceptlon
In the light of our knowledge and understanding of the company and its environment obtained in the
course of the audit, we have not identified material misstatements in the Trustees. Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires
us to report lo you if, in our opinion..
adequate accounting records have not been kept, or retums adequate for our audit have not been
received from branches not visited by us., or
the financial statements are not in agreement with the accounting records and returns,. or
certain disclosures of Trustees remuneration specified by law are not made., or
we have not received all the infomialion and explanations we require for our audit.
Responsibilities of Trustees
explained more fully in the Statement of Trustees, Responsibilities Isel out on page 71, the
Trustees are responsible for the preparation of the financial statements and for being satisfied that
they give a true and fair view, and for such internal control as the Trustees determine is necessary lo
enable the preparation of financial statements that are free from material misstatement, whether due
to fraud or error.
In preparing the financial slalemenls, the Trustees are responsible for assessing the Charity's ability
to continue as a going concern, disclosing, as applicable, mallers related to going concem and using
the going concern basis of accounting unless the Trustees either intend lo liquidate the Charity or lo
cease operations, or have no realistic alternative bul lo do so.
Pag8 9

Charitable Giving
Independent Auditor's Report to the Members of Charitable Giving
Auditor's rgsponsibilitigs for thg audit of the financial statgmgnts
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due lo fraud or error, and lo issue an auditor's report
that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee
that an audit conducted in accordance with ISAS IUKI will always detect a material misslatemenl
when il exists. Misslalements can arise from fraud or error and are considered material if, individually
or in the aggregate, they could reasonably be expected lo influence the economic decisions of users
taken on the basis of these financial slatemenls.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in respect
of irregularities, including fraud. The extent to which our procedures are capable of delecling
i￿egUla￿ties, including fraud is detailed below..
As part of our audit planning, through discussions with management, we obtained an understanding of
the legal and regulatory framework that is applicable to Charitable Giving and the sector in which it
operates to identify the key18ws and regulations affecting the charitable company. The key laws and
regulations we identified were General Data Protection Regulations IGDPRI. Fundraising
Regulations, health and safety laws, and employment laws. We also considered those laws and
regulations that have a direct impact on the preparation of the financial statements, primarily the
Companies Act 2006, the Charities Act 2011, relevant tsx compliance regulations in the UK, and
reporting framework Icharilies SORP - FRS 1021. In addition, we considered provisions of other laws
and regulations that do not have a direct effect on the financial statements bul compliance with which
may be fundamental the charills ability lo operate or lo avoid a material penalty.
We evaluated management's incentives and opportunities for fraudulent manipulation of the financial
slalemenls (including the risk of override of conlrolsl and determined that the principal risks related lo
fraudulent financial reporting, in particular lo grant funding received.
Audit procedures performed by the engagement team include, but were not limited lo, discussions
and inquiries with management of Complian￿ with laws and regulations, reviewing the clients laws
and regulations file including ISO audit reports, and reviewing Board minutes and significant legal
costs incurred in the year. We also addressed the risk of management override of internal controls,
including testing of journals and evaluating whether there was eviden￿ of bias by the Trustees that
represented a risk of material misslatemenl due lo fraud.
There are inherent limitations in the audit procedures described above and the further removed
non-compliance with laws and regulations is from the events and transactions reflected in the financial
slatemenls, the less likely we would become aware of it. Also, the risk of not detecting a material
misstatement due lo fraud is higher than the risk of not delecling one resulting from error, as fraud
may involve deliberrate concealment by, for example, forgery or intentional misrepresentations, or
through collLJSiOn.
A further description of our responsibilities for the audit of the financial statements is located on the
Financi81 Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description
fomis part of our auditor's report.
Page 10

Charitable Giving
Independent Auditor's Report to the Members of Charitable Giving
Use of our report
This report is made solely lo the charitable company's Trustees, as a body, in accordance with
Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we
might stale lo the Charity's trustees those matters we are required to slate lo them in an auditor's
report and for no other purpose. To the fullest exlenl permitted by law, we do not a¢￿p1 or assume
responsibility to anyone other than the charitable company and its Iruslees as a body, for our audit
work, for this report, or for the opinions we have formed.
James Barrett (Senior Statutory Audilorl
For and on behalf of PKF Francis Clark, Statutory Auditor
North Quay House
Sutton Harbour
Plymouth
Devon
PL4 ORA
Date.. 0510912022
Page11

Charitable Giving
Statement of Financial Activities for the Year Ended 30 April 2022
(Including Income and Expenditure Account and Statement of Total
Recognised Gains and Losses)
Unrestricted
funds
Total
2022
Total
2021
Note
Income and Endowments from:
Donations and legacies
Charitable activities
Investment income
12,577
413,900
7,584
470,115
2,697
470,115
2,697
Total Income
472,812
472,812
434,061
Expenditure on:
Charitable activities
{405,7671
1405,7671
1403,7101
Total Expenditure
405,767
405,767
403,710
Net income
67,045
67,045
30,351
Net movement in funds
67,045
67,045
30,351
Reconclllatlon of funds
Total funds brought forward
456,008
456,008
425,657
Total funds carried forward
18
523,053
523,053
456,008
All amounts shown in the comparative column above relate to unrestricted funds.
All of the Charity's activities derive from continuing operations during the above periods.
The notes on pages 14 to 22 fomi an integral part of these financial statements.
Page 12

Charitable Giving
(Registration number: 06754603)
Balance Sheet as at 30 April 2022
2022
2021
Note
Fixed assets
Intangible assets
Tangible assets
67,627
209,357
74,918
218,006
12
276,984
292,924
Currgnt assets
Debtors
Cash at bank and in hand
13
42,776
351,542
46,547
271,319
394,318
317,866
Credltors: Amounts falllng due wlthln one year
Net current assets
14
151,7561
149,2961
342,562
268,570
Total assets less current liabilities
619,546
561,494
Creditors: Amounts falling due after morg than one year 15
96,493
105,486
Net assets
523,053
456,008
Funds ofthe Charlty:
Unrestricted income funds
Unrestricted funds
523,053
456,008
Total funds
18
523,053
456,008
The financial statements on pages 12 to 22 were approved by the Trustees, and authorised for issue
1910812022 and signed on their behalf by..
MrJRSale
Trustee
The notes on pages 14 to 22 fomi an integral part of these financial statements.
Page 13

Charitable Giving
Notes to the Financial Statements for the Year Ended 30 April 2022
1 Charity status
The Charity is limited by guarantee, incorporated in England and Wales, and consequently does not
have share Capitsl. Each of the Members are liable to contribute an amount not eX￿eding £10
towards the assets of the Charity in the event of liquidation.
The address of ils registered office is..
Unit C4
Union Mine Road
Pitts Cleave
T8vislock
Devon
PL19 ONS
The principal pla￿ of business is..
Unit C4
Union Mine Road
Pitts Cleave
Tavislock
Devon
PL19 ONS
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 sel out
below. These policies have been consistently applied to all the years presented, unless otherwise
slated.
Statement of compliance
The financial slalemenls have been prepared in accordance with Accounting and Reporting by
Charities- Stslemenl of Recommended Practice applicable lo charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
1021 leffeclive 1 January 20191 {Charilies SORP {FRS 102}l. They also comply with the Companies
Ad 2006 and Charities Act 2011.
Basis of preparation
Charitable Giving 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 slated in the relevant
accounting policy notes.
Going concern
The Trustees consider that there are no material uncertainties about the Charills ability lo continue
as a going concern nor any significant areas of Un￿rtaintY that affect the carrying value of assets held
by the Charity. Accordingly accounts have been prepared on a going concern basis.
Page 14

Charitable Giving
Notes to the Financial Statements for the Year Ended 30 April 2022
Income and endowmgnts
The charity acts as agent co-ordinating the raising and distribution of funds from employees and
employers to charities for the purpose of section 202 Income and Corporation Taxes Act 1998.
Donations received and distributed on behalf of employees and employers are not reflected in the
Slalemenl of Financial Aclivilies.
Adminislralion services income is recognised in the period in which donations are received and is
based on a fixed rale per donor.
L)onations and legacies
Donations are recognised when the Charity has been notified in writing of both the amount and
settlement date. In the event that a donation is subject to conditions that require a level of
perfomiance by the Charity before the Charity is entitled lo the funds, the income is deferred and not
recognised until either those conditions are fully mel, or the fulfilment of those conditions is wholly
within the control of the Charity and it is probable that these conditions will be fulfilled in the reporting
period.
Expenditure
Expenditure is charged on an accruals basis, inclusive of irrecoverable VAT. Charitable expenditure
comprises those costs directly incurred in the pursuance of the Charity's charitable aclivily, the
administration and promotion of payroll giving schemes.
Charitable activities
Charitable expenditure comprises those costs incurred by the Charity in the delivery of ils activities
and services for ils beneficiaries. It includes both costs that can be allocated directly lo such activities
and those costs of an indirect nature necessary lo support them.
Government grants
Grants relating to the Coronavirus Job Retention Scheme are recognised in the period in which the
associated wages and salaries expenditure is incurred.
Taxation
As the Charity is a registered charity and a non-profit making organisation, no tax liability exists on its
activities.
Intangible fixed assets and amortisation
Intangible assets are stated in the Balance Sheet at cost less accumulated amortisation and
impairment. They are amortised on a straight line basis over their estimated useful lives.
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated
residual value, over their expected useful economic life as follows..
Asset class
Other intangible asset
Website and bespoke computer programs
Amortlsatlon method and rate
15 years slraighl line
330/0, 10Qkn and 6.670/0 Straight line
Page 15

Charitable Giving
Notes to the Financial Statements for the Year Ended 30 April 2022
Tangiblg fixgd assets and dgprg¢iation
Fixed assets are initially recorded at cost.
Depreciation is provided on tsngible 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
Freehold propety
Fixtures, fittings and office equipment
Computer equipment
Depreciation method and rate
50 years slraighl line
25,/0 reducing balance
33V/o Straight line
The cost of18nd included in the balance sheet but not depreciated is £19,200.
Forelgn exchange
Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction.
Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are
reported at the rates of exchange prevailing al that date.
Fund structure
Unrestricted income funds are general funds that are available for use al the Trustees's discretion in
furtherance of the objectives of the Charity.
Leaslng commltments
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are
classified as operating leases. Rentals payable under operating leases are charged in the Statement
of Financial Activities on a straight line basis over the lease term.
Pensions and other post retirernent obligations
The company operates a defined contribub'on pension scheme and the pension charge represents the
amounts payable by the Charity to the fund in respect of the year.
Financial instruments
ClassifiTcation
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured al their settlement value.
Page 16

Charitable Giving
Notes to the Financial Statements for the Year Ended 30 April 2022
3 Income from donations and legacies
Total
2022
Total
2021
Donations and legacies.,
Donations from individuals
Grants, including capital grants.,
Government grants
1,500
11,077
12,577
4 Income from charitable activities
Unrgstridgd
Total
2022
Total
2021
Ggngral
Adminislralion service income
470,115
470,115
413,900
Funds recelved as agent
2022
2021
Amounts held al start of period
Amounts received
7,664,177
7,026,857
44,010,900
34,726,652
142,158,531 } 134,089,332)
Amounts paid out to charities
Amounts held al end of period
9,516,546
7,664,177
5 Investment income
Unrestricted
funds
General
Total
2022
Total
2021
Other income from fixed asset investments
2,697
2,697
7,584
Bank interest includes interest eamed on monies held for clients, awaiting distribution to their chosen
eharilies. These client balan￿S are not the propety of Charitable Giving and are therefore not
included as assets in the balance sheet.
Page 17

Charitable Giving
Notes to the Financial Statements for the Year Ended 30 April 2022
6 Expenditure on charitable activities
Unrestrlcted
funds
General
Total
2022
Total
2021
Wages and salaries
Systems development and support
Depreciation
Governance costs
Other costs
299,889
22,540
20,892
9,618
52,828
299,889
22,540
20,892
9,618
52,828
283,298
31,043
22,331
13,340
53,698
405,767
405,767
403,710
7 Trustees remuneration and expenses
During the year the Charity made the following transactions with Trustees..
No Trustees, nor any persons connected with them, have received any remuneration from the Charity
during the year.
No Trustees re￿iVed reimbursement of travel and subsislen¢e expenses in the Current year {2021'.
No Trustees received expenses).
No trustees have received any other benefits from the charity during the year.
8 Staff costs
The aggregate payroll costs were as follows..
2022
2021
Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs
268,290
18,333
13,266
256,117
14,503
12,678
299,889
283,298
The monthly average number of persons {including senior management team) employed by the
Charity during the year was as follows-
2022
2021
Employees
12
Page 18

Charitable Giving
Notes to the Financial Statements for the Year Ended 30 April 2022
No employee received emoluments of more than £60,000 during the year.
The total employee benefits of the key management personnel of the Charity were £106,748 12021
£100,575).
9 Auditors. remuneration
2022
2021
Audit of the financial statements
8,600
8,000
10 Taxation
The Charity is a registered charity and is therefore exempt from taxation.
11 Intangible fixed assets
other
intsngible
asset
Website and
bespoke
software
Total
Cost
Al 1 May 2021
Additions
50,000
228,526
2,393
278,526
2,393
AI 30 April 2022
50,000
230,919
280,919
Amortisation
Al 1 May 2021
Charge for the year
40,015
3,336
163,593
6,348
203,608
9,684
AI 30 April 2022
43,351
169,941
213,292
Net book value
AI 30 April 2022
6,649
60,978
67,627
AI 30 April 2021
9,985
64,933
74,918
Other intangible asset
The carrying amount of this asset is £6,64912021 £9,985) and the remaining amortisalion period is 2
years 12021 3 years). Other intangible assets are represented by the rights to payroll giving
contracts acquired from the Federation of Master Builders (South West Region) Charitable Fund.
Page 19

Charitable Giving
Notes to the Financial Statements for the Year Ended 30 April 2022
Dgvglopmgnt costs
Development costs have been capilalised in accordance with FRS 102 Section 18 Intangible Assets
other than Goodwill and are therefore not treated as a deficit to the Charity.
12 Tangible fixed assets
Land and Furniture and
buildings
equipment
Total
Cost
Al 1 May 2021
Additions
297,971
109,883
2,559
407,854
2,559
AI 30 April 2022
297,971
112,442
410,413
Depreciation
Al 1 May 2021
Charge for the year
91,327
5,580
98,521
5,628
189,848
11,208
AI 30 April 2022
96,907
104,149
201,056
Net book value
AI 30 April 2022
201,064
8,293
209,357
AI 30 April 2021
206,644
11,362
218,006
13 Debtors
2022
2021
Trade debtors
Prepayments
Accrued income
31,454
9,692
1,630
34,726
10,191
1,630
42,776
46,547
Page 20

Charitable Giving
Notes to the Financial Statements for the Year Ended 30 April 2022
14 Creditors: amounts falling due within one year
2022
2021
Bank loans
Trade creditors
Other taxation and social security
Accruals and deferred income
8,711
6,283
5,297
31,465
8,530
4,516
5,226
31,024
51,756
49,296
Bank borrowlngs
The bank loan is denominated in sterling with a nominal interest rale of 3.15'/0 above base rate, and
the final instalment is due on 23 March 2032. The Carrying amount at year end is £105,20412021
£114,016).
Security is given via a 1 st Legal Charge on the freehold land and buildings to which the loan relates.
15 Creditors: amounts falling due after one year
2022
2021
Bank loans
96,493
105,486
Included in the creditors are the following amounts due after more than five years..
2022
2021
After more than five years by instalments
57,054
67,459
16 Penslon and other schemes
Defined contribution pension scheme
The Charity operates a defined contribution pension scheme. The pension cost charge for the year
represents contributions payable by the Charity lo the scheme and amounted lo £13,266 12021
£12,678).
Page 21

Charitable Giving
Notes to the Financial Statements for the Year Ended 30 April 2022
17 Commitments
Annual charges for operating leases which expire..
2022
2021
Not later than one year
Later than one year and not later than five years
6,153
7,018
13,171
6,609
10,339
16.948
18 Funds
Balance at 1
May 2021
Incoming
resources
Resources
expended
Balance at 30
April 2022
Unrestricted funds
Unrestricted general funds
456,008
472,812
1405,7671
523,053
Balance at 1
May 2020
Incoming
resources
Resources
expended
Balance at 30
April 2021
Unrestri¢tgd funds
Unrestricted general funds
425,657
434,061
403,710
456,008
19 Related party transactions
During the year the Charity made the following related party transactions..
Company related to trustee
During the year Charitable Giving paid fees of £2,277 12021 £10,257) to the company for the
purchasing of insurance. Al the balance sheet dale the amount due to TH March & Co Ltd was £Nil
12021 - £2,277).
Company related to trustee
During the year Charitable Giving paid consultancy fees of £2,43012021 £3,640) to the company for
Human Resources and compliance advice. Al the balance sheet date the amount due to Stephens
Scown was £12612021 - £Nill.
Company related to trustee
During the year Charitable Giving paid fees of £Nil 12021 £4,560) lo the company in relation lo
recruitment fees. At the balan￿ sheet dale the amount due to Round Table Recruitment Ltd was £Nil
12021 £Nill.
Page 22