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**Report of the Trustees and Financial Statements** for the Financial Year ended 30 June 2023
**Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX** The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
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## **Report of the Trustees**
## **Introduction**
The Trustees of The Big Give Trust Limited (“Big Give”, the “Charity”), who are also directors of the Charity for the purposes of the Companies Act 2006, are pleased to present their report with the financial statements of the Charity for the year ended 30 June 2023. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **About Big Give**
Big Give is a match funding platform dedicated to making it easy for the public and funders to give to impactful charities. Founded by philanthropist Sir Alec Reed in 2007, we double donations to good causes — from global poverty to gender equality, from climate change to mental well-being. Since 2008, we’ve raised over £281 million for charities. But the world needs more, so our goal is to raise £1 billion by 2030. It’s a big ask. But it’s possible when people come together through Big Give.
Charities make a huge difference in the world, but many struggle to access funds or get the publicity they need. We want to support them and give them a voice. Since 2007, we've backed thousands of charity projects, empowering a diverse range of inspiring organisations to make double the difference.
Match funding is a tried and tested approach that encourages more people to give and people to give more. This ‘generosity multiplier’ is the driving force behind our passion for match funding. Not only does it empower charities to achieve more ambitious goals, but it also encourages others to join together, creating a wave of positive change. By doubling the difference, match funding makes a lasting impact.
Big Give’s match funding partners (‘Champions’) include some of the biggest names in philanthropy and funding, including trusts and foundations, corporations, high net-worth individuals and statutory bodies, to provide match funding to charities and causes which meet their philanthropic goals.
**Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX** The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
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## **Objectives and activities**
## **Objectives**
The objects of the Charity are for such charitable purposes as the Trustees may change in writing from time to time at their absolute discretion. The main objective is to support the activities of Big Give.
## **Significant activities**
Income and capital are distributed to charitable causes at the Trustees' discretion. As in previous years, the majority of funds received were restricted and were received from Champions to be paid as match funding within the Christmas Challenge.
## **Public benefit**
The Charity makes grants to UK-registered charities through Big Give, for the benefit of the public that these charities serve. The Trustees are therefore confident that The Big Give Trust Ltd meets the public benefit requirements, and they confirm that they have taken into account the guidance contained in the Charity Commission's general guidance on public benefit where applicable.
## **Social investments**
The Charity made no social investments in the year under review (2022: nil).
## **Strategic report**
## **Achievement and performance**
## **Charitable activities**
During the year ended 30 June 2023, BigGive.org attracted 1,385,993 visits (2022: 1,140,148) to its website.
In the financial year 2023, Big Give continued to enjoy success with its match funding programmes. The total number of online donations processed through the site in the year was 130,756 (2022: 125,663), totalling £43,411,058 (2022: £37,842,984).
**Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX** The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
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## **Fundraising activities**
## **The Christmas Challenge 2022**
Using the proven model of leveraged match funding, Big Give once again ran a Christmas Challenge from 29 November to 6 December 2022.
The overall total raised was just over £28.6 million for 1,021 participating charities (2021: £24.1 million for 928 charities). Champions, including The Reed Foundation, The Childhood Trust and The Julia & Hans Rausing Trust, were invited to participate, and each chose a group of charities they wished to support with their funds. By using Big Give’s model of match funding, these Champions were able to multiply the impact of their contributions by a factor of 5.5 (2022: 5.7).
The impact of the campaign is measured on the charities participating in the campaign across three areas:
1. Resilience - 74% of charities reported they received more donations, and 60% reported they received bigger donations versus any comparable fundraising
2. Skills - 86% of charities reported increased confidence in online fundraising thanks to the campaign
3. Profile - 92% of charities reported donations from new supporters
## **Other match funding campaigns**
Big Give ran other match funding campaigns throughout the year, which included:
- Champions for Children 2023, run in partnership with The Childhood Trust, raised just over £3.5 million for 84 charities (2022: £3.0 million for 81 charities).
- The Green Match Fund 2023 raised £4.3 million for 178 environmental charities (2022: £2.7 million for 146 charities).
- We piloted a Mental Health Match Fund campaign in October 2022 and launched it fully as Kind2Mind for Mental Health Week in May 2023, raising £1.5 million for 182 charities focussing on mental health support (2022: nil).
- Big Give supported the Disasters Emergency Committee (DEC) with two emergency campaigns, raising a total of £1.1 million for the Pakistan Floods Appeal and £2.0 million for the Turkey-Syria Earthquake Appeal.
**Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX**
The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
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## **Financial review**
## **Financial position**
Big Give maintains a strong financial position with regard to its unrestricted income as well as receiving restricted donations of match funding from its Champions to be channelled to charities through its match funding campaigns.
## **Principal funding sources**
The principal funding sources are listed in section 2 of the notes to the financial statements.
## **Investment policy and objectives**
The Charity made no investments in the year under review (2022: nil).
## **Reserves policy**
The Trustees have considered the requirements of the Charity and its reserves. The balance of reserves is made up of two parts, which comprise unrestricted reserves to cover the administrative expenses incurred by the Charity and restricted reserves, which relate to donations received for distribution to other charitable activities. These are separately disclosed on the balance sheet.
The reserves policy states that reserves are needed to cover any unforeseen reduction in income and/or increase in expenditure and to deal with the short-term shortfalls in cash flow due to the seasonality of Big Give's income. The Trustees consider reserves of six months of core costs as the optimum level. Should the reserves exceed their optimum level, the Trustees will consider allocating excess reserves to a Designated Fund ("Anchor Match Fund") to award match funding grants to charities participating in campaigns on Big Give’s platform at the discretion of Big Give’s Trustees. In the financial year ending 2023, the Trustees allocated £200,000 (2022: £50,000.00) to the Anchor Match Fund, of which £160,807 was used.
At the year's end, the Charity held unrestricted reserves of £862,797 (2022: £796,227) and restricted reserves of £628,518 (2022: £788,650).
## **Principal risks and uncertainties**
The Trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
**Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX** The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
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The Trustees have considered the major risks to which the Charity is exposed and have reviewed those risks and established systems and procedures to manage those risks. The Trustees consider the maintenance of income from grants, donations, and gifts to be the most significant risk and regularly review the approach taken by the Charity to maximise such income.
There are also appropriate controls in place, providing reasonable assurance to prevent and detect fraud and to manage and mitigate those risks.
The Charity’s Trustees regularly review and assess risks faced by Big Give in all areas of its work and plan for the management of those risks in order to ensure the Charity achieves its key objectives and safeguards its funds, assets and reputation.
Risks are identified using the Charity’s risk register, which covers all areas of the Charity's operations and steps to mitigate the risk. The register covers areas including finance, staff, fundraising activities, governance, data (including data protection) and operations (including contracts and suppliers).
## **Future plans**
The Charity aims to increase the amount raised through match funding campaigns for supported charities. It will achieve this through continuing to grow its existing match funding campaigns (The Christmas Challenge, Green Match Fund, Champions for Children, Women and Girls Match Fund, Kind2Mind, Arts for Impact and Emergency Campaigns) and in particular by engaging more Champions to participate by offering match funding. It will also make greater use of its capability to allow charities and funders to run their own match funding campaigns on Big Give’s website. This includes ongoing investment in the technology to help provide a better service for users of Big Give and enable scaling of the match funding offering.
**Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX** The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
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## **Structure, governance and management**
## **Governing document**
The Charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The company was registered on 3 June 2010 and is governed by a memorandum of understanding and articles of association. The Trustees are members of the Management Committee.
## **Recruitment and appointment of new Trustees**
Big Give recognises that an effective, independent board is essential for the achievement of its objectives. The Trustees must have the necessary skills, knowledge, and experience to govern the Charity effectively and set its strategic vision.
The current Trustees have a broad cross-section of skills and experience and interact with Big Give from the perspectives of its three main customer groups: charities, donors and Champions. Trustees are appointed to the Charity when vacancies arise, either through the identification of knowledge gaps or because of resignations.
## **Organisational structure**
By the end of the financial year 2023, there were nine members of staff (2022: seven) who co-ordinate all fundraising and associated activities for the Charity. The Managing Director reports to the Board of Trustees.
## **Induction and training of new Trustees**
Big Give undertakes induction for training of new Trustees based on Charity Commission guidance.
## **Key management remuneration**
The key management of the Charity are the Trustees. No remuneration or other benefits were paid to the Trustees during the year (2022: £nil).
**Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX** The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
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## **Related parties**
Trustees James Reed, Richard Reed, Nicola Reed and Lisa Reed are members of the Reed family and hold shares in Reed Global Limited, the parent company of the Reed group. Former Chair of Trustees, Sir Alec Reed, is the founder of Big Give. Reed Online Limited, a subsidiary of the Reed group, provided office space and support services to the Charity at no charge.
The Charity received donations from:
- The Reed Foundation – a charity for which James Reed, Richard Reed, Alexandra Chapman (sister of James Reed and former trustee of Big Give), and Sir Alec Reed are also trustees;
- Reed Educational Trust – a charity for which James Reed and Sir Alec Reed are also trustees;
- Ethiopiaid – a charity for which Alexandra Chapman, sister of James Reed and former trustee of Big Give, and Tessa Reed, daughter of James Reed, are trustees
## **Reference and administrative details**
## **Registered Company Number**
07273065 (England and Wales)
## **Registered Charity Number**
1136547 (Charity Commission of England and Wales)
## **Registered office**
Dragon Court, 27-29 Macklin St, London, WC2B 5LX
## **Trustees**
Mr James A Reed CBE, FCIPD, MBA, MA – Chairman and CEO of Reed Group
Mr Richard A Reed LLB, MA – Indexing Specialist at RIBA
Ms Isabel J Kelly BA – Founder & Principal Consultant at Profit with Purpose
Mrs Lisa F Reed MA, BA, – Associate Editor at The Observer New Review
Mrs Nicola J Reed MFA, PGCE, BFA – Artist and Founder of Beeble
**Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX**
The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
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Mr Timothy L Crowther ACMA, BA – Chief Financial Officer at Reed Group
## **Newly appointed**
Mr Charles D Harman MA – former Vice Chairman of J.P.Morgan Cazenove, Member of Council of the University of Oxford. Appointed 25 October 2023
Ms Julie Hoegh PhD, MA, BSc – Head of Sustainability at Garden Studios. Appointed 5 February 2024.
## **Managing Director**
Alex Day MA, BA
## **Bankers**
Coutts & Co
440 Strand, London, WC2R OQS
## **Auditors**
Mark Spashett FCA - Senior Statutory Auditor
Lindsey Trigg FCCA - Auditor
Kingscott Dix Limited Chartered Accountants and Statutory Auditor Goodridge Court, Goodridge Avenue, Gloucester, Gloucestershire, GL2 5EN
## **Statement of Trustees' responsibilities for the year ended 30 June 2023**
The Trustees, who are also the directors of The Big Give Trust Ltd for the purposes of company law, are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland”.
Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure of the Charity for that period. In preparing those financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
**Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX** The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
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- observe the methods and principles in the Charity Statement of Recommended Practice (SORP);
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity, to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and, hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the Trustees are aware:
- there is no relevant audit information of which the Charity's auditors are unaware, and;
- the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
The Report of the Trustees, incorporating a strategic report, approved by order of the Board of Trustees, as the company directors, on 5 February 2024 and signed on the Board's behalf by
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______________________________
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James A Reed CBE, FCIPD, MBA, MA - Chair of Trustees
**Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX** The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
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## **Report of the independent auditors to the members of The Big Give Trust Ltd**
## **Opinion**
We have audited the financial statements of The Big Give Trust Ltd (the 'Charitable Company') for the year ended 30 June 2023, which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
## In our opinion, the financial statements:
- give a true and fair view of the state of the Charitable Company's affairs as at 30 June 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and
- ● have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Charitable Company 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 evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
**Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX** The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
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## **Conclusions relating to going 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 uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Charitable Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are 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.
## **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 Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information 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 this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
## **Opinions on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
**Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX** The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
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- the Report of the Trustees has been prepared in accordance with applicable legal requirements.
## **Matters on which we are required to report by exception**
In light of the knowledge and understanding of the Charitable Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept or returns 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 information and explanations we require for our audit.
## **Responsibilities of Trustees**
As explained more fully in the Statement of Trustees' Responsibilities, the Trustees (who are also the directors of the Charitable Company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the Charitable Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Charitable Company or to cease operations, or have no realistic alternative but to do so.
## **Our responsibilities for the audit of the financial statements**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a
**Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX** The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
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high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
In assigning the audit engagement team, we ensured that collectively they had the appropriate competence and capabilities to identify non-compliance with laws and regulations, highlight areas of the financial statements particularly susceptible to fraud and conduct appropriate additional enquiries where suspicions or weaknesses became evident.
At the planning stage, we assessed the susceptibility of the entity's financial statements to material misstatement, including how fraud might occur. This involved preliminary planning discussions with management to obtain their assessment of fraud risk, to identify any incidences of fraud during the year and to understand the measures and controls they had taken to combat the possibility of fraud.
Our transaction testing and assessment of controls during the audit provided further evidence as to the validity of this initial assessment with regard to material misstatement and fraud.
We identified areas of law and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience, through discussion with the Trustees, and inspection of the Charitable Company's regulatory and legal correspondence. The team were briefed with regard to laws and regulations and remained alert to any indication of non-compliance throughout the audit.
The company is subject to laws and regulations that directly affect the financial statements including legislation covering financial reporting including related parties and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items. In assessing this compliance, we evaluated the appropriateness of accounting policies used and the reasonableness of accounting estimates in the measurement and presentation of profit within the financial statements.
**Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX** The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
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The Charitable Company is subject to many other laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation. We identified the following areas as those most likely to have such an effect: employment laws, GDPR and environmental laws and regulations recognising the nature of the Charity's activities. Audit procedures designed to identify non-compliance with these laws and regulations included enquiry of the Trustees and other management and inspection of regulatory and legal correspondence. None of the procedures applied identified actual or suspected non-compliance.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards.
Where an irregularity is non-financial or has not reached a stage where its impact is financial, it is less likely to be identified by auditing procedures.
In addition, to the extent that an irregularity involves collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls, there remains a high risk of non-detection.
We are not responsible for detecting all instances of non-compliance with laws and regulations and cannot be expected to do so.
The Charitable Company is subject to many other laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation.
Audit procedures designed to identify non-compliance with these laws and regulations included enquiry of the Directors and other management and inspection of regulatory and legal correspondence. None of the procedures applied identified actual or suspected non-compliance.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
**Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX**
The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
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## **Use of our report**
This report is made solely to the Charitable Company's members, 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 state to the Charitable Company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charitable Company and the Charitable Company's members as a body, for our audit work, for this report, or for the opinions we have formed.
## **………………………………………**
## **Mark Spashett FCA (Senior Statutory Auditor)**
for and on behalf of Kingscott Dix Limited
Chartered Accountants and Statutory Auditor
Goodridge Court, Goodridge Avenue, Gloucester, Gloucestershire, GL2 5EN
Date: ...........................................
**Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX** The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
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## **Statement of Financial Activities (incorporating an income and expenditure account) for the year ended 30 June 2023**
||**Notes**|**Unrestricted**
**fund**
**£**|**Restricted**
**fund**
**£**|**2023**
**Total funds**
**£**|**2022**
**Total funds**
**£**|
|---|---|---|---|---|---|
|**INCOME AND ENDOWMENTS FROM**||||||
|Donations and legacies|2|1,243,354|9,098,975|10,342,329|6,430,697|
|Other trading activities|3|417,104|-|417,104|363,562|
|Investment income|4|16,278|-|16,278|418|
|**Total**||1,676,736|9,098,975|10,775,711|6,794,677|
|||||||
|**EXPENDITURE ON**||||||
|Raising funds|5|351,855|27,300|379,155|176,991|
|||||||
|**Charitable activities**|6|||||
|Charitable activities||1,235,140|9,254,978|10,490,118|5,309,390|
|**Total**||1,586,995|9,282,278|10,869,273|5,486,381|
|**NET INCOME/(EXPENDITURE)**||89,741|(183,303)|(93,562)|1,308,296|
|**Transfers between funds**|16|(23,171)|23,171|-|-|
|**Net movement in funds**||66,570|(160,132)|(93,562)|1,308,296|
|||||||
|**RECONCILIATION OF FUNDS**||||||
|**Total funds brought forward**||**796,227**|**788,650**|**1,584,877**|**276,581**|
|||||||
|**TOTAL FUNDS CARRIED FORWARD**||862,797|628,518|1,491,315|1,584,877|
The notes form part of these financial statements
**Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX**
The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
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## **Statement of Financial Position 30 June 2023**
||**Notes**|**Unrestricted**
**fund**
**£**|**Restricted**
**fund**
**£**|**2023**
**Total funds**
**£**|**2022**
**Total funds**
**£**|
|---|---|---|---|---|---|
|**FIXED ASSETS**||||||
|Tangible assets|12|6,551|-|6,551|2,947|
|||||||
|**CURRENT ASSETS**||||||
|Debtors|13|73,867|-|73,867|201,191|
|Cash at bank||857,046|628,518|1,485,564|1,446,138|
|||930,913|628,518|1,559,431|1,647,329|
|||||||
|**CREDITORS**||||||
|Amounts falling due within
one year|14|(74,667)|-|(74,667)|(65,399)|
|||||||
|**NET CURRENT ASSETS**||856,246|628,518|1,484,764|1,581,930|
|||||||
|**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**||862,797|628,518|1,491,315|1,584,877|
|**NET ASSETS**||862,797|628,518|1,491,315|1,584,877|
|||||||
|**FUNDS**|16|||||
|Unrestricted funds||||862,797|796,227|
|Restricted funds||||628,518|788,650|
|**TOTAL FUNDS**||||**1,491,315**|**1,584,877**|
The financial statements were approved by the Board of Trustees and authorised for issue on 5 February 2024 and were signed on its behalf by:
............................................. **James A Reed CBE, FCIPD, MBA, MA - Chair of Trustees**
The notes form part of these financial statements
## **Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX**
The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
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## **Statement of Cash Flows for the year ended 30 June 2023**
|**2023**||||
|---|---|---|---|
||**Notes**|**2023**
**£**|**2022**
**£**|
|**Cash flows from operating activities**||||
|Cash generated from operations|1|28,763|1,186,216|
|Interest paid||-|(103)|
|Net cash provided by operating activities||28,763|1,186,113|
|||||
|**Cash flows from investing activities**||||
|Purchase of tangible fixed assets||(5,465)|(1,117)|
|Interest received||16,278|418|
|||||
|Net cash provided by/(used in) investing activities||10,813|(699)|
|||||
|**Cash flows from financing activities**||||
|Loan repayments in year||-|(100,000)|
|||||
|Net cash provided by/(used in) financing activities||-|(100,000)|
|||||
|**Change in cash and cash equivalents in the**
**reporting period**||39,576|1,085,414|
|**Cash and cash equivalents at the beginning of the**
**reporting period**|2|1,445,988|360,574|
|**Cash and cash equivalents at the end of the**
**reporting period**|2|**1,485,564**|**1,445,988**|
The notes form part of these financial statements
**Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX**
The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
Page 19
## **Notes to the Statement of Cash Flows for the year ended 30 June 2023**
## **1. Reconciliation of net (expenditure)/income to net cash flow from operating activities**
|**from operating activities**|||
|---|---|---|
||**2023**
**£**|**2022**
**£**|
|**Net (expenditure)/income for the reporting period (as per the**
**Statement of Financial Activities)**|(93,562)|1,308,296|
|**Adjustments for:**|||
|Depreciation charges|1,862|1,130|
|Interest received|(16,278)|(418)|
|Interest paid|-|103|
|rounding|(1)|-|
|Decrease/(increase) in debtors|127,324|(154,727)|
|Increase in creditors|9,418|31,832|
||||
|**Net cash provided by operations**|28,763|1,186,216|
## **2. Analysis of cash and cash equivalents**
|**2. Analysis of cash and cash equivalents**|||
|---|---|---|
||**2023**
**£**|**2022**
**£**|
|Notice deposits (less than 3 months)|1,485,564|1,446,138|
|Overdrafts included in bank loans and overdrafts falling due
within one year|-|(150)|
|Total cash and cash equivalents|1,485,564|1,445,988|
The notes form part of these financial statements
**Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX**
The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
Page 20
## **3. Analysis of changes in net funds**
|**3. Analysis of changes in net funds**||||
|---|---|---|---|
||**At**
**01/07/2022**
**£**|**Cash flow**
**£**|**At**
**30/07/2023**
**£**|
|**Net cash**||||
|Cash at bank|1,446,138|39,426|1,485,564|
|Bank overdraft|(150)|150|-|
|||||
|Total|1,445,988|39,576|1,485,564|
The notes form part of these financial statements
**Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX** The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
Page 21
## **Notes to the Financial Statements for the year ended 30 June 2023**
## **1. Accounting policies**
## **Basis of preparing the financial statements**
The financial statements of the Charitable Company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the Charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Data processing fees recorded in other trading activities are recorded net of VAT.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
**Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX** The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
Page 22
Computer equipment - 33% on cost
Tangible assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
## **Taxation**
The Charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Financial instruments**
The Charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
**Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX** The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
Page 23
## **2. Donations and legacies**
|**2. Donations and legacies**|||
|---|---|---|
||**2023**
**£**|**2022**
**£**|
|Donations|10,342,329|6,430,697|
||||
|Donation income comprises amounts received in respect of
the following:|||
|Christmas Challenge|3,160,885|2,537,012|
|Green Match Fund|1,875,554|1,043,463|
|Kind2Mind|763,873|-|
|Champions for Children|8,500|-|
|Women & Girls Match Fund|2,153,105|169,626|
|Pakistan Floods Appeal|360,110|-|
|NETs Research Appeal|20,000|-|
|Turkey-Syria Earthquake Appeal|701,949|-|
|DEC Kakhovka Dam Collapse|55,000|-|
|Ukraine Humanitarian Appeal|-|1,452,285|
|Afghanistan Emergency Appeal|-|50,000|
|India Coronavirus Appeal|-|1,400|
|Unrestricted donations|1,243,353|1,176,911|
||||
||10,342,329|6,430,697|
## **3. Other trading activities**
|**3. Other trading activities**|||
|---|---|---|
||**2023**
**£**|**2022**
**£**|
|Donation processing fees|417,104|363,562|
|**4. Investment income**|||
||**2023**
**£**|**2022**
**£**|
|Deposit account interest|16,278|418|
**Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX** The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
Page 24
## **5. Raising funds**
|**5. Raising funds**|||
|---|---|---|
|**Raising donations and legacies**|||
||**2023**
**£**|**2022**
**£**|
|Marketing & PR|171,534|79,949|
|Fund raising expenses|1,791|10,111|
|Website development|149,988|46,567|
||379,155|176,991|
## **6. Charitable activities costs**
|**6. Charitable activities costs**|||
|---|---|---|
|||**Direct**
**costs**
**£**|
|Charitable activities||10,490,118|
|Charitable activity costs include the following:|||
||**2023**
**£**|**2022**
**£**|
|Direct costs: Christmas Challenge|3,039,151|2,421,846|
|Direct costs: Women & Girls Match Fund|1,118,686|1,090,330|
|Direct costs: Ukraine Humanitarian Appeal|1,431,063|3,129|
|Direct costs: Afghanistan Emergency Appeal|-|50,000|
|Direct costs: Kind2Mind|709,320|-|
|Direct costs: Cost of Living|100,000|-|
|Direct costs: Green Match Fund|1,770,628|1,002,269|
|Direct costs: Champions for Children|3,500|-|
|Direct costs: Pakistan Floods Appeal|360,110|-|
|Direct costs: NETs Research Appeal|20,000|-|
|Direct costs: Turkey- Syria Earthquake Appeal|702,520|-|
|Administrative support costs|1,235,140|741,816|
||10,490,118|5,309,390|
Support costs are incurred for the purpose of the single activity of facilitating charitable giving.
**Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX** The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
Page 25
## **7. Net income/(expenditure)**
|**7. Net income/(expenditure)**|||
|---|---|---|
|Net income/(expenditure) is stated after charging/(crediting)|||
||**2023**
**£**|**2022**
**£**|
|Depreciation - owned assets|1,861|1,130|
## **8. Trustees' remuneration and benefits**
There were no Trustees' remuneration or other benefits for the year ended 30 June 2023 nor for the year ended 30 June 2022.
## **Trustees' expenses**
There were no Trustees' expenses paid for the year ended 30 June 2023 nor for the year ended 30 June 2022.
## **9. Staff costs**
|**9. Staff costs**|||
|---|---|---|
||**2023**
**£**|**2022**
**£**|
|Wages and salaries|443,814|314,583|
|Social security costs|45,098|34,396|
|Other pension costs|8,101|4,310|
|Other staff costs|46,395|5,978|
||543,408|359,267|
|The average monthly number of employees during the year was as follows:|||
||**2023**|**2022**|
|Support staff|9|7|
|The number of employees whose employee benefits (excluding employer pension costs)
exceeded £60,000 was:|||
||**2023**|**2022**|
|£60,001 - £70,000|1|-|
|£100,001 - £110,000|1|1|
||2|1|
|The total amount payable to key management personnel, none of whom were trustees,
was £173,748 (2022: £101,459).|||
The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
**Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX**
Page 26
## **10. Comparatives for the Statement Of Financial Activities**
||**Unrestricted**
**fund**
**£**|**Restricted**
**fund**
**£**|**Total**
**funds**
**£**|
|---|---|---|---|
|**Income and endowments from**||||
|Donations and legacies|1,176,911|5,253,786|6,430,697|
|Other trading activities|363,562|-|363,562|
|Investment income|418|-|418|
|**Total**|1,540,891|5,253,786|6,794,677|
|||||
|**Expenditure on**||||
|Raising funds|172,970|4,021|176,991|
|**Charitable activities**||||
|Charitable activities|745,836|4,563,554|5,309,390|
|**Total**|918,806|4,567,575|5,486,381|
|||||
|||||
|**Net income**|622,085|686,211|1,308,296|
|||||
|**Reconciliation of funds**||||
|Total funds brought forward|174,142|102,439|276,581|
|||||
|**Total funds carried forward**|796,227|788,650|1,584,877|
## **11. Going concern**
The accounts have been prepared on a going concern basis as the Trustees consider that there is no doubt over the Charity's ability to continue its operations.
**Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX**
The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
Page 27
## **12. Tangible fixed assets**
|**12. Tangible fixed assets**||||
|---|---|---|---|
|**Cost**|||**Computer**
**equipment**
**£**|
|At 1 July 2022|||9,139|
|Additions|||5,465|
|At 30 June 2023|||14,604|
|||||
|**Depreciation**||||
|At 1 July 2022|||6,192|
|Charge for year|||1,861|
|At 30 June 2023|||8,053|
|||||
|**Net book value**||||
|At 30 June 2023|||6,551|
|||||
|At 30 June 2022|||2,947|
**Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX** The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
Page 28
## **13. Debtors: amounts falling due within one year**
|||**2023**
**£**|**2022**
**£**|
|---|---|---|---|
|Trade debtors||-|107,235|
|Other debtors||33,144|65,625|
|Prepayments||40,723|28,331|
|||73,867|201,191|
## **14. Creditors: amounts falling due within one year**
|||**2023**
**£**|**2022**
**£**|
|---|---|---|---|
|Bank loans and overdrafts (see note 15)||-|150|
|Trade creditors||1,323|4,249|
|Social security and other taxes||16,266|20,025|
|VAT||14,732|13,603|
|Deferred income||-|213|
|Accrued expenses||42,346|27,159|
|||74,667|65,399|
## **15. Loans**
An analysis of the maturity of loans is given below:
|||**2023**
**£**|**2022**
**£**|
|---|---|---|---|
|Amounts falling due within one year on demand:||||
|Bank overdrafts||-|150|
|||||
**Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX** The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
Page 29
## **16. Movement in funds**
|**16. Movement in funds**|||||
|---|---|---|---|---|
||**At**
**01/07/2022**
**£**|**Net**
**movement**
**in funds**
**£**|**Transfers**
**between**
**funds**
**£**|**At**
**30/07/2023**
**£**|
|**Unrestricted funds**|||||
|General fund|796,227|89,741|(23,171)|862,797|
|**Restricted funds**|||||
|Matching Funds|788,650|(183,303)|23,171|628,518|
|**Total funds**|1,584,877|(93,562)|-|1,491,315|
Net movement in funds, included in the above are as follows:
||**Incoming**
**resources**
**£**|**Resources**
**expended**
**£**|**Movement**
**in funds**
**£**|
|---|---|---|---|
|**Unrestricted funds**||||
|General fund|1,676,736|(1,586,995)|89,741|
|**Restricted funds**||||
|Matching Funds|9,098,975|(9,282,278)|(183,303)|
|**Total funds**|10,775,711|(10,869,273)|(93,562)|
**Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX** The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
Page 30
## **16. Movement in funds - continued**
## **Comparatives for movement in funds**
|**Comparatives for movement in funds**||||
|---|---|---|---|
||**At**
**01/07/2022**
**£**|**Net**
**movement**
**in funds**
**£**|**At**
**30/07/2023**
**£**|
|**Unrestricted funds**||||
|General fund|174,142|622,085|796,227|
|||||
|**Restricted funds**||||
|Matching Funds|102,439|686,211|788,650|
|||||
|**Total funds**|276,581|1,308,296|1,584,877|
|Comparative net movement in funds, included in the above are as follows:|Comparative net movement in funds, included in the above are as follows:|Comparative net movement in funds, included in the above are as follows:|Comparative net movement in funds, included in the above are as follows:|
|---|---|---|---|
||**Incoming**
**resources**
**£**|**Resources**
**expended**
**£**|**Movement**
**in funds**
**£**|
|**Unrestricted funds**||||
|General fund|1,540,891|(918,806)|622,085|
|||||
|**Restricted funds**||||
|Matching Funds|5,253,786|(4,567,575)|686,211|
|||||
|**Total funds**|6,794,677|(5,486,381)|1,308,296|
**Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX** The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
Page 31
## **16. Movement in funds - continued**
A current year 12 months and prior year 12 months combined position is as follows:
||**At**
**01/07/2022**
**£**|**Net**
**movement**
**in funds**
**£**|**Transfers**
**between**
**funds**
**£**|**At**
**30/07/2023**
**£**|
|---|---|---|---|---|
|**Unrestricted funds**|||||
|General fund|174,142|711,826|(23,171)|862,797|
||||||
|**Restricted funds**|||||
|Matching Funds|102,439|502,908|23,171|628,518|
||||||
|**Total funds**|276,581|1,214,734|-|1,491,315|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|included in the above are as follows:||||
|---|---|---|---|
||**Incoming**
**resources**
**£**|**Resources**
**expended**
**£**|**Movement**
**in funds**
**£**|
|**Unrestricted funds**||||
|General fund|3,217,627|(2,505,801)|711,826|
|||||
|**Restricted funds**||||
|Matching Funds|14,352,761|(13,849,853)|502,908|
|||||
|**Total funds**|17,570,388|(16,355,654)|1,214,734|
Further details on the restricted and designated funds can be found in note 19 of these financial statements.
**Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX** The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
Page 32
## **17. Related party disclosures**
The Trustees have made donations to the Charitable Company this year of £35,000 (2022: nil) Donations were received from the following charities and businesses in which one or more of the Charitable Company Trustees are a Trustee or a director exercising dominant influence:
||**2023**|**2022**|
|---|---|---|
|The Reed Foundation|1,222,538|1,725,658|
|Reed Online Limited|nil|nil|
|Ethiopiaid|93,874|100,827|
|Reed Educational Trust|21,000|26,250|
## **18. Auditors remuneration**
During the year the fees payable to the Charity's auditors for the Charity's financial statements is £8,253 (2022 £7,500).
**Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX** The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
Page 33
## **19. Restricted fund balances**
Restricted fund balances at 30.06.2023: £628,518
## **Christmas Challenge: £259,475**
The Christmas Challenge is our biggest match funded campaign, held for a week starting on Giving Tuesday every year. It is cause-neutral, and all charities can take part. The income held in this fund is from donations made by our Champions and is paid out to charities that have participated in that year's campaign, according to their performance. Surplus funds are either refunded to the donor or are rolled over to the next year with written consent from the donor.
## **Green Match Fund: £146,120**
This is a match funded campaign for environmental charities, held annually around Earth Day. The income held in this fund is from donations made by our Champions and paid out to charities that have participated in that year's campaign, according to their performance. Surplus funds are either refunded to the donor or are rolled over to the next year with written consent from the donor.
## **Women and Girls Match Fund: £86,414**
This is a match funded campaign for charities whose work focuses on women and girls, currently held around International Day of the Girl every year. The income held in this fund is from donations made by our Champions and paid out to charities that have participated in that year's campaign, according to their performance. Surplus funds are either refunded to the donor or are rolled over to the next year with written consent from the donor.
## **Kind2Mind: £54,553**
This is a match funded campaign for charities whose work focuses on mental health, currently held around Mental Health Week every year. The income held in this fund is from donations made by our Champions and paid out to charities that have participated in that year's campaign, according to their performance. Surplus funds are either refunded to the donor or are rolled over to the next year with written consent from the donor.
**Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX** The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
Page 34
## **19. Restricted fund balances - continued**
## **Champions for Children: £5,000**
This is a match funded campaign for charities whose work focuses on childhood poverty in London. It runs every year in June and is run by The Childhood Trust. Champion Funds are not collected by Big Give for this campaign but are paid out directly by The Childhood Trust based on charities' performance in the campaign.
## **DEC Kahkovka Dam Collapse: £55,000**
This was a one-off emergency match funded campaign supporting the Disasters Emergency Committee (DEC) in raising money to provide disaster relief to those affected by the Kakhovka Dam collapse. The income held in this fund was from one donor and was paid out to DEC at the end of the campaign.
## **Global Coronavirus/Covid: £1,150**
This was a one-off emergency match funded campaign to raise money for charities working to support people during the Covid-19 pandemic. The income held in this fund was from donations made by our Champions and paid out to charities that have participated in the campaign, according to their performance.
## **India Coronavirus Appeal: £1,400**
This was a one-off emergency match funded campaign supporting the DEC in raising money to provide support for India’s response to the Covid-19 pandemic. The income held in this fund was from our Champions and was paid out in full to DEC at the end of the campaign.
## **Ukraine Humanitarian Appeal: £18,093**
This was a one-off emergency match funded campaign supporting the DEC in raising money to provide humanitarian relief to those affected by the Ukraine war. The income held in this fund was from our Champions and was paid out in full to DEC at the end of the campaign.
**Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX** The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
Page 35
## **19. Restricted fund balances - continued**
## **MailForce: £100**
This was a one-off emergency match funded campaign to raise money for charities under the umbrella of Mail Force Charity CIO, supporting one million children whose education was impacted during the Covid-19 pandemic. The income held in this fund was from donations made by our Champions and was paid out to Mail Force.
## **Philanthropy in Schools: £1,213**
A programme to inspire the next generation of philanthropists by providing the first step towards a lifetime of charitable activity. The online programme aims to interest students in charitable projects and enables them to experience the benefits of giving "like a philanthropist". This programme closed in 2018.
## **NETS Research Appeal: £nil**
This was a one-off match funded campaign for The Royal Free Hospital for researching NETS. The income held in this fund was from one donor and was paid out to Royal Free Hospital after the campaign.
## **Pakistan Floods Appeal: £nil**
This was a one-off emergency match funded campaign supporting the DEC in raising money to provide disaster relief to those affected by the floods in Pakistan in 2022. The income held in this fund was from our Champions and was paid out in full to DEC at the end of the campaign.
## **Turkey-Syria Earthquake Appeal: £nil**
This was a one-off emergency match funded campaign supporting the DEC in raising money to provide disaster relief to those affected by the earthquakes in Turkey and Syria in 2023. The income held in this fund was from our Champions and was paid out in full to DEC at the end of the campaign.
**Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX** The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
Page 36
## **19. Restricted fund balances - continued**
## **Cost of Living Appeal: £nil**
This was a one-off match funded campaign for charities supporting people during the cost of living crisis. The income held in this fund was from one donor and was paid out to charities that have participated in the campaign.
## **20. Designated funds**
Unrestricted funds for the year total £862,796. This includes total designated funds of £116,047.
## **Anchor Match Fund: £nil**
Each year, the Trustees designate a portion of its unrestricted income to the Anchor Match Fund each year. This allows Big Give to make match fund grants to charities who run their own campaigns through our platform
## **Anchor Match Fund - Christmas Challenge: £5,375**
Each year, the Trustees designate a portion of the unrestricted income as match funds for charities participating in The Christmas Challenge.
## **Anchor Match Fund - Kind2Mind: £110,672**
Each year, the Trustees designate a portion of the unrestricted income as match funds for charities participating in the Kind2Mind campaign.
**Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX** The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
Page 37
## **Detailed Statement of Financial Activities For The Year Ended 30 June 2023**
|**Ended 30 June 2023**|||
|---|---|---|
||**2023**
**£**|**2022**
**£**|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|10,342,329|6,430,697|
|**Other trading activities**|||
|Donation processing fees|417,104|363,562|
|**Investment income**|||
|Deposit account interest|16,278|418|
|**Total incoming resources**|10,775,711|6,794,677|
||||
|**EXPENDITURE**|||
|**Raising donations and legacies**|||
|Marketing & PR|171,534|79,949|
|Fund raising expenses|1,791|10,111|
|Website maintenance|55,842|40,364|
|Website development|149,988|46,567|
||379,155|176,991|
This page does not form part of the statutory financial statements
**Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX** The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
Page 38
## **Detailed Statement of Financial Activities For The Year Ended 30 June 2023 - continued**
|**Ended 30 June 2023 - continued**|||
|---|---|---|
||**2023**
**£**|**2022**
**£**|
|**Charitable activities**|||
|Charitable expenditure|9,626,744|4,610,928|
|Bank charges|262,760|229,412|
|Accountancy fees|21,189|23,815|
|Legal and professional fees|16,228|60,762|
|Subscriptions|8,352|12,735|
|Computer expenses|4,105|2,774|
|Staff costs|543,408|359,267|
|Office costs|559|2,730|
|Insurance|2,903|4,663|
|Employee entertainment|1,659|997|
|Business entertaining|349|74|
|Depreciation of tangible fixed assets|1,862|1,130|
|HMRC interest|-|103|
||10,490,118|5,309,390|
|Total resources expended|10,869,273|5,486,381|
||||
|**Net (expenditure)/income**|**(93,562)**|**1,308,296**|
This page does not form part of the statutory financial statements
**Big Give, Dragon Court, 27-29 Macklin Street, London, WC2B 5LX** The Big Give Trust Ltd. (charity number: 1136547; company number: 07273065)
Page 39