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 suc￿sSfUllY 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 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

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
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

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 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

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 balan￿S 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.
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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
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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.
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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