Docusign EnvelopÈ ID." 4DBD467F-841C-4B4F-975U3B6AFDFF707 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 2025
Docusign EnvelopÈ ID." 4DBD467F-841C-4B4F-975U3B6AFDFF707 Charitable Giving Contents Trustees, Report 2to6 Statement of Trustees, Responsibilities Independent Auditor's Report 8t011 Statement of Financial Activities 12 Balance Sheet 13 Notes to the Financial Statements 14to22
Docusign EnvelopÈ ID." 4DBD467F-841C-4B4F-975U3B6AFDFF707 Charitable Giving Reference and Administrative Details Trustees.. Mr P D Armstrong ColPRLLane Mr E M G Roberts MrJRSale Mrs J Smart Ms C Furze Mr D Pressey Mr C Tremain Mr C R B Brook (resigned 16 August 20241 Secretary.. Mrs J Smart Senior Management l Leadership Mrs C Mortimore, Chief Executive orricer Team.. Mrs S Sherrell, Finance Manager Registered and Principal offi.. Unil C4 Union Mine Road Pitts Cleave Tavistock Devon PL19 ONS The Charity is incorporated in England and Wales. 1128013 Charity Registration Number.. Company Registration Number.. Solicitors.. 06754603 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 18, Unil 23 Melville Building East Royal William Yard Plymouth Devon PL1 3GW Pag8 1
Docusign EnvelopÈ ID." 4DBD467F-841C-4B4F-975U3B6AFDFF707 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 2025. 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." 4DBD467F-841C-4B4F-975U3B6AFDFF707 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. Review of the Year and Future Developments The Charitable Giving Trustees are again pleased lo confirm another successful year for the organisation. Despite economic challenges the figure distributed to charities via Charitable Giving's seNices has risen for the 5th consecutive year lo over £60 Million. Payroll Giving has seen steady growth this year thanks to Govemment support and the collaborative efforts of stakeholders. High level promotion of Payroll Giving Month and Charitable Giving's sponsorship of this year's Payroll Giving Conference al the Francis Crick Institute in London raised awareness and interest in the scheme amongst employers. The Conferen¢e began with a Ministerial introduction, was well supported by charity delegates, and included a case study by a long-lemi Charitable Giving client which sel the bar high. Additionally, there has been an uplift in employers implementing Charitable Giving's Every Penny Helps scheme and utilising our Corporate Workplace Donation Management Services. Charitable Giving's infraslruclure upgrade continued throughout the period. In house hardware has all now been replaced to industry leading standards and a similar upgrade within our Disaster Recovery location is nearing completion loo. This has added even greater resilience to operating systems and information security and enabled the organisation to easily maintain ISO 27001, 9001 & Cyber Essentials Plus Certifications. Pag8 3
Docusign EnvelopÈ ID." 4DBD467F-841C-4B4F-975U3B6AFDFF707 Charitable Giving Trustees, Report Materlal Fraud Thorough reviews of process have been carried out in response to the employee fraud incident in Aprillmay 2024. More than 25 additional intemal and external safeguards have been introduced and controls tightened further to minimise risk. Over 900/0 of the £192,000 that was misdirected has now been recovered and Charitable Giving's robust response and holding of reserves ensured that no charity missed out on any donations due lo them, nor were any donations delayed. The Charity Commission were informed immediately and have been updated. Charitable Giving's Reserves Policy has recently been extended to 9 months operational costs from 6 as one of the new safeguarding measures, thus offering even goaler assurance to our clients. In addition to the infrastructure upgrade, there has been a significant stsffing restructure internally, and a recruitment campaign lo grow the team. The focus has been on higher level staff with a background in Finance - and we were delighted lo welcome three new and appropriately experienced individuals lo Charitable Giving towards the end of 2024. All have embarked on a focussed training programme and together with long serving team members will provide the platform required for the organisation lo maintain its growth and momentum going forward. A challenging year, but one for the organisalion lo be proud of, and a credit to the Senior Management Team who have demonstrated enomious commitment and dedication to ensure Charitable Giving is stronger and even more secure than before - maintaining its position as a market leader in the sector. The Board of Trustees are therefore pleased lo confirm a high level of confidence that the Charity is set to continue as a going concern. Recruitment and appointment of Trustees A programme of rolling retirement from the Board of Trustees has been introduced in anlicipalion of one retirement each Financial Year. Reliremenls 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 experien) from the Board at one lime. Trustee recruilmenl is an ongoing agenda item at quarterly Board Meetings and a skills matrix is maintained to 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 £110,95712024.' £108,396) on unreslricled funds for the year. Pag8 4
Docusign EnvelopÈ ID." 4DBD467F-841C-4B4F-975U3B6AFDFF707 Charitable Giving Trustees, Report Reserves The Reserves Policy is sel in accordance with Charity Commission guidelines and reviewed annually by the Board. The policy of the Board is now to hold a level of nel current assets in unrestricted funds sufficient lo meet the fixed costs of the Charity for a minimum of nine months and a target of twelve months. The balance of unreslricled funds at 30 April 2025 was £783,113 12024 £672,156} of which £533,888 12024 £427,335), being the net current assets, is regarded as free reserves. This level of reserves exceeds the forecasted fixed Costs for the nine-month period lo January 2026, thereby demonslraling that the charity has sucsSfUllY met ils reserves policy objective. Surplus funds will be used to further the Charity's objectives. Principal Risk and Uncertainties The Trustees of Charitable Giving maintain 8 risk register which is reviewed quartedy. 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, understudy personnel and reseNed allernalive office accommodation. Deposits held on behalf of third parties before distribution are held with recognised UK established banks including some lemi 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 place the structure lo manage these risks with various 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 lo any significant expenditure being incurred. Price risk, credit riTsk, liquidiTty risk and cash flow risk The Chariws 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 to spread risk. Pag8 5
Docusign EnvelopÈ ID." 4DBD467F-841C-4B4F-975U3B6AFDFF707 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 ColPRLLane Mr E M G Roberts MrJRSale Mrs J Smart Ms C Furze Mr D Pressey Mr C Tremain Mr C R B Brook {resigned 16 August 2024} 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.. and signed on its MrJRSale Trustee Pag8 6
Docusign EnvelopÈ ID." 4DBD467F-841C-4B4F-975U3B6AFDFF707 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 .................... and signed on its behalf by. MrJRSale Trustee Pag8 7
Docusign EnvelopÈ ID." 4DBD467F-841C-4B4F-975U3B6AFDFF707 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 2025, 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 2025 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 concem 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 UnrtaIntieS 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
Docusign EnvelopÈ ID." 4DBD467F-841C-4B4F-975U3B6AFDFF707 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 71, 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. Pag8 9
Docusign EnvelopÈ ID." 4DBD467F-841C-4B4F-975U3B6AFDFF707 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 iegUlaties, 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
Docusign EnvelopÈ ID." 4DBD467F-841C-4B4F-975U3B6AFDFF707 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. S*fi•d by.. 'iW$DF78DEED3Jtr2" Louise Bridgetl (Senior Statutory Auditor} For and on behalf of PKF Francis Clark. Statutory Auditor 18. Unit 23 Melville Building East Royal William Yard Plymouth Devon PL13GW Date.. 17 September 2025 Page11
Docusign EnvelopÈ ID." 4DBD467F-841C-4B4F-975U3B6AFDFF707 Charitable Giving Statement of Financial Activities for the Year Ended 30 April 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Total 2025 Total 2024 Note Income and Endowments from: Charitable activities Investment income 450,655 256,941 450,655 256,941 455,881 169,582 Total Income 707,596 707,596 625,463 Expenditure on: Charitable activities Other expenditLJre Total Expenditure {596,6391 {596,6391 1517,1401 73 596,639 596,639 517,067 Net income 110,957 110,957 108,396 Net movement in funds 110,957 110,957 108,396 Reconclllatlon of funds Total funds brought forward 672,156 672,156 563,760 Total funds carried forward 783,113 783,113 672,156 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
Docusign EnvelopÈ ID." 4DBD467F-841C-4B4F-975U3B6AFDFF707 Charitable Giving (Registration number: 06754603) Balance Sheet as at 30 April 2025 2025 2024 Note Fixed assets Intangible assets Tangible assets 10 62,688 258,168 58,253 266,092 320,856 324,345 Currgnt assets Debtors Cash at bank and in hand 12 118,293 475,253 133,551 357,527 593,546 491,078 Credltors: Amounts falllng due wlthln one year 159,6581 163,7431 Net current assets 533,888 427,335 Total assets less current liabilities 854,744 751,680 Creditors: Amounts falling due after morg than one year 14 71,631 79,524 Net assets 783,113 672,156 Funds ofthe Charlty: Unrestricted income funds Unrestricted funds 783,113 672,156 Total funds 17 783,113 672,156 The financial statements on pages 12 to 22 were approved by the Trustees, and authorised for issue on..... 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
Docusign EnvelopÈ ID." 4DBD467F-841C-4B4F-975U3B6AFDFF707 Charitable Giving Notes to the Financial Statements for the Year Ended 30 April 2025 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 eXeding £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 UnrtaintY that affect the carrying value of assets held by the Charity. Accordingly accounts have been prepared on a going concern basis. Page 14
Docusign EnvelopÈ ID." 4DBD467F-841C-4B4F-975U3B6AFDFF707 Charitable Giving Notes to the Financial Statements for the Year Ended 30 April 2025 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. Taxation The Charity is considered lo pass the lesls set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore il meets the definition of a charitable company for UK corporation tsx purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively lo charitable purposes. Intangible fixed assets and amortisation Intangible assets are slated in the Balance Sheet at cost less accumulated amortisation and impaimient. 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 15
Docusign EnvelopÈ ID." 4DBD467F-841C-4B4F-975U3B6AFDFF707 Charitable Giving Notes to the Financial Statements for the Year Ended 30 April 2025 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 funds 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 16
Docusign EnvelopÈ ID." 4DBD467F-841C-4B4F-975U3B6AFDFF707 Charitable Giving Notes to the Financial Statements for the Year Ended 30 April 2025 3 Income from charitable activities Unrestrlcted Total 2025 Total 2024 General Adminislralion service income 450,655 450,655 455,881 Funds received as agent (As restated} 2024 2025 Amounts held al start of period Amounts received 15,602,627 10,471,210 63,114,557 60,536,164 162,673,182} 155,404,747) Amounts paid out to charities Amounts held al end of period 16,044,002 15,602,627 A reststemenl has been made to the prior year financial statements in respect of client balances as at 30 April 2024. This adjustment reflects a correction in the reported funds held by Charitable Giving on behalf of clients, resulting in a nel increase of £1,439,873 in the closing balance for that year. 4 Investment Income Unrestricted funds General Total 2025 Total 2024 Other income from fixed asset investments 256,941 256,941 169,582 Bank interest includes interest eamed on monies held for clients, awaiting distribution lo their chosen charities. These client balanS are not the property of Charitable Giving and are therefore not included as assets on the balan sheet. Interest and income arising on funds held as agent accrues to the charity and is directed towards ils charitable objectives al the discretion of the trustees. Page 17
Docusign EnvelopÈ ID." 4DBD467F-841C-4B4F-975U3B6AFDFF707 Charitable Giving Notes to the Financial Statements for the Year Ended 30 April 2025 5 Expenditure on charitable activities Unrestrlcted funds General Total 2025 Total 2024 Wages and salaries Systems development and support Depreciation and amortisalion Marketing Governance costs Other costs 418,288 27,709 47,933 3,494 28,091 71,124 418,288 27,709 47,933 3,494 28,091 71,124 362,030 23,454 41,089 1,718 22,301 66,548 596,639 596,639 517,140 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 aggregate payroll costs were as follows.. 2025 2024 Staff costs during the year were: Wages and salaries Social security costs Pension costs 372,208 28,108 17,972 322,519 21,920 17,591 418,288 362,030 The monthly average number of persons {including senior management team) employed by the Charity during the year was as follows: 2025 2024 Employees 12 12 The number of employees whose emoluments fell within the following bands was.. 2025 No 2024 No £60,001 - £70,000 £70,001 - £80,000 Page 18
Docusign EnvelopÈ ID." 4DBD467F-841C-4B4F-975U3B6AFDFF707 Charitable Giving Notes to the Financial Statements for the Year Ended 30 April 2025 The total employee benefits of the key management personnel of the Charity were £132,55512024 £119,937). 8 Auditorfs remuneration 2025 2024 Audit of the financial statements 9,750 10,500 9 Taxation The Charity is a registered charity and is therefore exempt from taxation. 10 Intangible fixed assets Other Intangible asset Webslte and bespoke software Total Cost Al 1 May 2024 Additions 50,000 242,388 12,138 292,388 12,138 AI 30 April 2025 50,000 254,526 304,526 Amortisation Al 1 May 2024 Charge for the year 50,000 184,135 7,703 234,135 7,703 AI 30 April 2025 50,000 191,838 241,838 Net book value AI 30 April 2025 62,688 62,688 AI 30 April 2024 58,253 58,253 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 c8Pitalised in accordance with FRS 102 Section 18 Intangible Assets other than Goodwill and are therefore not treated as 8 deficit to the Charity. Page 19
Docusign EnvelopÈ ID." 4DBD467F-841C-4B4F-975U3B6AFDFF707 Charitable Giving Notes to the Financial Statements for the Year Ended 30 April 2025 11 Tangible fixed assets Land and Furniture and buildings equipment Total Cost Al 1 May 2024 Additions 302,051 150,184 32,306 452,235 32,306 AI 30 April 2025 302,051 182,490 484,541 Depreciation Al 1 May 2024 Charge for the year 108,145 5,959 77,998 34,271 186,143 40,230 AI 30 April 2025 114,104 112,269 226,373 Net book value AI 30 April 2025 187,947 70,221 258,168 AI 30 April 2024 193,906 72,186 266,092 12 Debtors 2025 2024 Trade debtors Prepayments Accrued income Other debtors 28,193 24,826 65,274 37,732 16,548 77,990 1,281 118,293 133,551 13 Creditors: amounts falling due within one year 2025 2024 Bank loans Trade creditors Other taxation and social security Accruals and deferred income 9,210 8,125 7,225 35,098 9,673 6,920 7,225 39,925 59,658 63,743 Page 20
Docusign EnvelopÈ ID." 4DBD467F-841C-4B4F-975U3B6AFDFF707 Charitable Giving Notes to the Financial Statements for the Year Ended 30 April 2025 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 £80,841 12024- £89,197). 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 2025 2024 Bank loans 71,631 79,524 Included in the creditors are the following amounts due after more than five years.. 2025 2024 After more than five years by instalments 23,465 35,072 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 £17,972 12024 £17,591). 16 Commitments Annual charges for operating leases which expire.. 2025 2024 Not later than one year Later than one year and not later than five years 6,379 5,848 12,227 8,491 12,758 21.249 Page 21
Docusign EnvelopÈ ID." 4DBD467F-841C-4B4F-975U3B6AFDFF707 Charitable Giving Notes to the Financial Statements for the Year Ended 30 April 2025 17 Funds Balance at 1 May 2024 Incoming resources Resources Balance at 30 expended April 2025 Unrestricted funds Unrestricted general funds 672,156 707,596 596,639 783,113 Balance at 1 May 2023 Incomlng resources Resources Balance at 30 expended April 2024 Unrestrlcted funds Unrestricted general funds 563,760 625,463 517,067 672,156 18 Related party transactions There were no related party transactions in the year. Page 22