Docusign EnvelopÈ ID". EE914515-9187421441CE-1C41B3657383
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 2024

Docusign EnvelopÈ ID". EE914515-9187421441CE-1C41B3657383
Charitable Giving
Contents
Trustees, Report
2to7
Statement of Trustees, Responsibilities
Independent Auditors, Report
9t012
Statement of Financial Activities
13
Balance Sheet
14
Notes to the Financial Statements
15to23

Docusign EnvelopÈ ID". EE914515-9187421441CE-1C41B3657383
Charitable Giving
Reference and Administrative Details
Trustees..
Mr P D Armstrong
MrCRBBrook
ColPRLLane
Mr E M G Roberts
MrJRSale
Mrs J Smart
Mr R P Jones (resigned 8 September 20231
Ms C Furze lappoinled 19 May 20231
Mr D Pressey (appointed 2 March 20241
Mr C Tremain (appointed 8 September 2023)
Secretary..
Mrs J Smart
Senior Management l Leadership Mrs C Mortimore, Chief Executive Officer
Team..
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.
Charity Registration Number..
Company Registration Number.. 06754603
1128013
Solicitors..
Stephens Scown LLP
Osprey House
Malpas Road
Truro
Comwall
TR1 1UT
Bankers..
Lloyds Bank
13 Broad Slr8el
Launceston
Comwall
PL15 8AG
Auditor-.
PKF Francis Clark
18, Unil 23 Melville Building East
Royal William Yard
Plymouth
Devon
PL1 3GW
Pag8 1

Docusign EnvelopÈ ID". EE914515-9187421441CE-1C41B3657383
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 2024.
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 payroll giving scheme.,
Advise employers on fundraising in the workplace.,
Assist employers in developing their corporate and community charitable activities,. and
Provide an efficient and cost effective service for the distribution of charitable donations.
Pag8 2

Docusign EnvelopÈ ID". EE914515-9187421441CE-1C41B3657383
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 full authority to manage the day lo day running of the business
according to the Scheme of Delegation which is reviewed by the Board on an annual basis.
Pag8 3

Docusign EnvelopÈ ID". EE914515-9187421441CE-1C41B3657383
Charitable Giving
Trustees, Report
Revlew of the Year and Future Developments
Unpredictable and unsettling global conditions required that the Financial Year was approached
initially with a degree of caution. Rising interest rates and utility expenses for the charity, along with
concern over how and rf the cost-of-living crisis would impact the volume of individual andlor
corporate donations, created the need for a conservative and measured approach as the period
began.
Electronic efficiencies continued to be developed and rolled out and team skills consolidated, to
provide clients with the most cost-effective and user-friendly service.
However, despite initial concerns, new clients continued lo approach Charitable Giving, attracted by
the personal service and quick turn8round on communications and contract set-up. Many employers
were keen to further develop their Corporate Programmes to support employee fundraising as well as
offering matching of Payroll Giving donations having identified this as an important part of CSR and
ESG policies in an increasingly demanding and difficult employment market.
The combined efforts of charities and other Payroll Giving stakeholders {e.g. Professional Fundraising
Organisationsl, raised awareness through Payroll Giving month and beyond adding lo the overall
excitement and delerminalion of employers and individuals alike lo lap into the opportunity lo give lax
efficiently.
In addition, CG was pleased to support and participate in campaigns such as 'Accessible Payroll
Giving,, lobbwng lo oblige more employers to offer the scheme. 11 has also been delighted lo be part
of a long-sought-after wort(ing group liaising more closely with the Government through the
Department for Culture Media and Sport lo enlist Ministerial support across all available platforms.
This year saw members of the Charitable Giving team contribute to the new governmenl-endorsed
Quality Mark Certificate eligibility criteria
rewarding businesses large and small on a more level
playing field and creating further in￿ntiveS for them lo aspire to achieve the very highest levels.
As the business continued to grow, and under the guidance of the new Operations Manager,
Charitable Giving embarked on a significant IT upgrade project. This included new high-spec desktop
PCS for all team members. A further and equally significant upgrade to servers and other 'behind the
scenes. technology was approved by the Board and begun in earnest as well.
Further high-level recrLJitment took place at the beginning of 2024, and as the Financial Year drew to
a close, Charitable Giving's Senior Management Team were delighted to welcome their new
Communications & Partnerships Manager into the fold.
This new appointment will add further strength and breadth to the leadership al the lop of the
business and is designed to enhance Charitsble Giving's social media presence and ensure business
communications al the highest and most professional level as the charity looks to progress towards a
new, proactive and dynamic 5-Year Strategy.
With all the above in mind and the bandwidth now built into both team personnel and technology,
there is a strong confidence that the charity will continue as a going concern and further develop ils
client portfolio during the year aheadl
Despite the Board's initial caution regarding the charity's perf0mlan￿ throughout the year,
end-of-year figures confirmed that distribution to charities across all areas of the business exceeded
£52m-an unexpected and welcome increase on the previous year, after all.
Pag8 4

Docusign EnvelopÈ ID". EE914515-9187421441CE-1C41B3657383
Charitable Giving
Trustees, Report
Materlal Fraud
Between April and May 2024 £192,000 of funds were misappropriated from Charitable Giving. This
crime is subject to an ongoing criminal investigation. The theft was flagged by the controls operating
in the business, which prevented any additional losses. The control environment operating in the
bLJsiness is Ljnder review and the Trustees are taking action to strengthen it. Some of the missing
funds have already been recovered and the Charity is in contact with various parties as to the
recovery of the balance. The fraLJd does not impact the Charity s ability lo function as a going concern
nor its capacity lo fulfil ils continuing obligations.
Pag8 5

Docusign EnvelopÈ ID". EE914515-9187421441CE-1C41B3657383
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 £108,39612023.. £40,707) 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 six months. The reserves policy will be reviewed annually. The balance of unreslricled
funds at 30 April 2024 was £672,156 {2023 - £563,760) of which £427,33512023 - £362,1121, 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 24 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 6

Docusign EnvelopÈ ID". EE914515-9187421441CE-1C41B3657383
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 P D Armstrong
MrCRBBrook
ColPRLLane
Mr E M G Roberts
MrJRSale
Mrs J Smart
Mr R P Jones (resigned 8 September 20231
Ms C Furze {appointed 19 May 20231
Mr D Pressey (appointed 2 March 20241
Mr C Tremain (appointed 8 September 20231
Disclosure of Information 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 information and lo establish that the Charity's auditor is aware of that
information. The Trustees confirm that there is no relevant information that they know of and of which
they know the auditor is unaware.
Small Companles Provlslon 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..
16/08124
and signed on ils
MrJRSale
Trustee
Pag8 7

Docusign EnvelopÈ ID". EE914515-9187421441CE-1C41B3657383
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 Trustees, report and the financial statements in accordan￿ with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and
Republic of Ireland"
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 the incoming
resources and application of resources, including its income and expenditure, of the charitsble
company for that period. In preparing these financial stslements, the Trustees are required lo:
select suitable 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 accounting standards, comprising FRS 102 have been followed, subject
lo 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 proper accounting records that can 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.
The Trustees are responsible for the maintenance and integrity of the corporate and financial
information included on the charitable comp8nVs website. Legislation governing the preparation and
dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the Trustees of the Charity on . 161.081.24
and signed on its behalf by.
MrJRSale
Trustee
Pag8 8

Docusign EnvelopÈ ID". EE914515-9187421441CE-1C41B3657383
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 2024, 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 2024 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
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 9

Docusign EnvelopÈ ID". EE914515-9187421441CE-1C41B3657383
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 matter 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 Charity 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 Tru$tg8S
As explained more fully in the Slalement of Trustees, Responsibilities Isel out on page 81, the
Trustees are responsible for the preparation of the financial stslemenls and for being satisfied that
they give a true and fair view, and for such internal control as the Trustees delemiine is necessary lo
enable the preparation of financial ststemenls that are free from material misstslement, whether due
to fraud or error.
In preparing the financial stalemenls, the Trustees are responsible for assessing the Charity's ability
to continue as a going concern, disclosing, as applicable, matters 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 to do so.
Page 10

Docusign EnvelopÈ ID". EE914515-9187421441CE-1C41B3657383
Charitable Giving
Independent Auditor's Report to the Members of Charitable Giving
Auditor responsibilities for the audit of thg financial statements
Our objectives are lo 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.
Page11

Docusign EnvelopÈ ID". EE914515-9187421441CE-1C41B3657383
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 slate lo the Charity's Trustees those mallers we are required lo stale to 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 lo anyone other than the charitable company and its Trustees as a body, for our audit
work, for this report, or for the opinions we have formed.
71X8$FfjP(bV2A7F..............
James Barrett (Senior Statutory Audilorl
For and on behalf of PKF Francis Clark. Statutory Auditor
18. Unit 23 Melville Building East
Royal William Yard
Plymouth
Devon
PL13GW
Date..
22J.06124
Page 12

Docusign EnvelopÈ ID". EE914515-9187421441CE-1C41B3657383
Charitable Giving
Statement of Financial Activities for the Year Ended 30 April 2024
(Including Income and Expenditure Account and Statement of Total
Recognised Gains and Losses)
Unrestricted
funds
Total
2024
Total
2023
Note
Income and Endowments from:
Charitable activities
Investment income
455,881
169,582
455,881
169,582
475,906
21,215
Total Income
625,463
625,463
497,121
Expenditure on:
Charitable activities
Other expenditLJre
Total Expenditure
{517,1401
73
{517,1401
73
1456,5041
90
517,067
517,067
456,414
Net income
108,396
108,396
40,707
Net movement in funds
108,396
108,396
40,707
Reconclllatlon of funds
Total funds brought forward
563,760
563,760
523,053
Total funds carried forward
672,156
672,156
563,760
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 15 to 23 fomi an integral part of these financial statements.
Page 13

Docusign EnvelopÈ ID". EE914515-9187421441CE-1C41B3657383
Charitable Giving
(Registration number: 06754603)
Balance Sheet as at 30 April 2024
2024
2023
Note
Fixed assets
Intangible assets
Tangible assets
10
58,253
266,092
65,379
223,792
324,345
289,171
Currgnt assets
Debtors
Cash at bank and in hand
12
133,551
357,527
60,903
356,631
491,078
417,534
Credltors: Amounts falllng due wlthln one year
163,7431
155,4221
Net current assets
427,335
362,112
Total assets less current liabilities
751,680
651,283
Creditors: Amounts falling due after morg than one year 14
79,524
87,523
Net assets
672,156
563,760
Funds ofthe Charlty:
Unrestricted income funds
Unrestricted funds
672,156
563,760
Total funds
17
672,156
563,760
The financial statements on pages 13 to 23 were approved by the Trustees, and authorised for issue
on ..16108/.24
and signed on their behalf by..
MrJRSale
Trustee
The notes on pages 15 to 23 fomi an integral part of these financial statements.
Page 14

Docusign EnvelopÈ ID". EE914515-9187421441CE-1C41B3657383
Charitable Giving
Notes to the Financial Statements for the Year Ended 30 April 2024
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 15

Docusign EnvelopÈ ID". EE914515-9187421441CE-1C41B3657383
Charitable Giving
Notes to the Financial Statements for the Year Ended 30 April 2024
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 to the funds, the income is deferred and not
recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly
within the control of the Charity and il 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.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis
consistent with the use of resources, for example, allocating property costs by floor areas, or per
capila, staff costs by the time spent and other costs by their usage.
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.
Amortisalion 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..
Page 16

Docusign EnvelopÈ ID". EE914515-9187421441CE-1C41B3657383
Charitable Giving
Notes to the Financial Statements for the Year Ended 30 April 2024
Asset class
Other intangible asset
Website and bespoke computer programs
Amortisation method and rate
15 years slraighl line
33'/0, 10 10 and 6.67'/0 Straight line
Tangible fixed assets and depreciation
Fixed assets are initially recorded at cost.
Depreciation is provided on tangible fixed assets so as lo 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
33 /0 Straight line
The cost of land included in the balance sheet but not depreciated is £19,200.
Foreign 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 fLJnds that are available for use at the Trustees discretion in
furtherance of the objectives of the Charity.
Leasing commitments
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.
Penslons and other post retlrement obllgatlons
The company operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the Charity to the fund in respect of the year.
Financial instruments
Classification
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instrLJments are initially recognised at transaction value and subsequently
measLJred al their settlement value.
Page 17

Docusign EnvelopÈ ID". EE914515-9187421441CE-1C41B3657383
Charitable Giving
Notes to the Financial Statements for the Year Ended 30 April 2024
3 Income from charitable activities
Unrestrlcted
Total
2024
Total
2023
General
Adminislralion service income
455,881
455,881
475,906
Funds received as agent
2024
2023
Amounts held al start of period
Amounts received
10,471,210
9,516,546
57,932,591
52,147,126
154,241,047} 151,192,462)
Amounts paid OLJt to charities
Amounts held al end of period
14,162,754
10,471,210
4 Investment income
Unrestricted
funds
General
Total
2024
Total
2023
Other income from fixed asset investments
169,582
169,582
21,215
Bank interest includes interest eamed on monies held for clients, awaiting distribution lo their chosen
charities. These client balances are not the property of Charitable Giving and are therefore not
included as assets in the balance sheet.
5 Expenditure on charitable activities
Unrestricted
funds
General
Total
2024
Total
2023
Wages and salaries
Systems development and support
Depreciation and amortisalion
Marketing
Governance costs
Other costs
362,030
23,454
41,089
1,718
22,301
66,548
362,030
23,454
41,089
1,718
22,301
66,548
335,268
25,667
21,322
2,225
17,157
54,865
517,140
517,140
456,504
Page 18

Docusign EnvelopÈ ID". EE914515-9187421441CE-1C41B3657383
Charitable Giving
Notes to the Financial Statements for the Year Ended 30 April 2024
6 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 other benefits from the charity during the year.
7 Staff costs
The aggogate payroll costs were as follows..
2024
2023
Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs
322,519
21,920
17,591
298,338
22,149
14,781
362,030
335,268
The monthly average number of persons {including senior management team) employed by the
Charity during the year was as follows:
2024
2023
Employees
12
12
The number of employees whose emoluments fell within the following bands was..
2024
No
2023
No
£60,001 - £70,000
The total employee benefits of the key management personnel of the Charity were £119,937 12023
£115,290).
8 Audltors. remuneratlon
2024
2023
Audit of the financial statements
10,500
9,840
Page 19

Docusign EnvelopÈ ID". EE914515-9187421441CE-1C41B3657383
Charitable Giving
Notes to the Financial Statements for the Year Ended 30 April 2024
9 Taxation
The Charity is a registered charity and is therefore exempt from taxation.
10 Intangible fixed assets
other
intangible
asset
Website and
bespoke
software
Total
Cost
Al 1 May 2023
Additions
50,000
238,504
3,884
288,504
3,884
AI 30 April 2024
50,000
242,388
292,388
Amortlsatlon
Al 1 May 2023
Charge for the year
AI 30 April 2024
46,687
3,313
176,438
7,697
223,125
11,010
50,000
184,135
234,135
Net book value
AI 30 April 2024
58,253
58,253
AI 30 April 2023
3,313
62,066
65,379
Other intangible asset
Other intangible assets are represented by the rights to payroll giving contracts acquired from the
Federation of Master Builders {South Wesl Region) Charitable Fund.
Development 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.
Page 20

Docusign EnvelopÈ ID". EE914515-9187421441CE-1C41B3657383
Charitable Giving
Notes to the Financial Statements for the Year Ended 30 April 2024
11 Tangible fixed assets
Land and Furniture and
buildings
equipment
Total
Cost
Al 1 May 2023
Additions
Disposals
297,971
4,080
138,366
68,299
156,4811
436,337
72,379
156,4811
AI 30 April 2024
302,051
150.184
452,235
Dgpreciation
Al 1 May 2023
Charge for the year
Eliminated on disposals
102,487
5,658
110.058
24,421
56,481
212,545
30,079
56,481
AI 30 April 2024
108,145
77,998
186,143
Net book value
AI 30 April 2024
193,906
72,186
266,092
AI 30 April 2023
195,484
28,308
223,792
12 Debtors
2024
2023
Tfftde debtors
Prepayments
Accrued income
Other debtors
37,732
16,548
77,990
1,281
34,930
12,494
13,479
133,551
60,903
13 Creditors- amounts falling due within one year
2024
2023
Bank loans
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
9,673
6,920
7,225
9,327
8,473
5,959
1,256
30,407
39,925
63,743
55,422
Page 21

Docusign EnvelopÈ ID". EE914515-9187421441CE-1C41B3657383
Charitable Giving
Notes to the Financial Statements for the Year Ended 30 April 2024
Bank borrowings
The bank loan is denominated in sterling with a nominal interest rale of 3.15°/o over the variable base
rate, and the final instalmenl is due on 23 March 2032. The carrying amount at year end is £89,197
12023- £96,850).
Security is given via a 1 st Legal Charge on the freehold land and buildings to which the loan relates.
14 Creditors: amounts falling due after one year
2024
2023
Bank loans
79,524
87,523
Included in the creditors are the following amounts due after more than five years..
2024
2023
After more than five years by instalments
35,072
46,263
15 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 £17,591 12023
£14,781).
16 Commitments
Annual charges for operating leases which expire..
2024
2023
Not later than one year
Later than one year and not later than five years
8,491
12,758
21,249
5,234
1.080
6.314
Page 22

Docusign EnvelopÈ ID". EE914515-9187421441CE-1C41B3657383
Charitable Giving
Notes to the Financial Statements for the Year Ended 30 April 2024
17 Funds
Balance at 1
May 2023
Incoming
resources
Resources Balance at 30
expended
April 2024
Unrestricted funds
Unrestricted general funds
563,760
625,463
517,067
672,156
Balance at 1
May 2022
Incomlng
resources
Resources Balance at 30
expended
April 2023
Unrestrlcted funds
Unrestricted general funds
523,053
497,121
456,414
563,760
18 Related party transactions
There were no related party transactions in the year.
Page 23