goodweave
GOODWEAVE UK
(A company limited by guarantee)
REPORT & FINANCIAL STATEMENTS
For the Year Ended 31st December 2025
Charity Registration No: 1139218
Company Registration No: 4210546 (England & Wales)

GOODWEAVE UK
(A Company Limited by Guarantee)
THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 315f DECEMBER 2025
CONTENTS
PAGE
Legal and Administrative Information
Report of Directors
Independent Examiner's Report
ststement of Financial Activities
Balance Sheet
10
Statement of Cash Flows
11
Notes forming part of the Financial Statements
12-15
GOODWEAVE UK
Page2of15
Financial Statements 2025

GOODWEAVE UK
(A Company Limited by Guarantee)
The trustees of the charity present their report and financial statements for the year ended 31st
December 2025.
The accounts have been prepared in accordance with the accounting policies set out in Note I to
the accounts and comply with the company's Memorandum and Articles of Association, the
Companies Act 2006 and the 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).
REFERENCE AND ADMINISTRATIVE INFORMATION
LEGAL STATUS
Private company limited by guarantee exempt under Section 30.
REGIsfERED OFFICE
55 Stoneydeep
Twickenham Road
Teddington
Middlesex
TWII 8BL
OPERATIONAL ADDRESS
55 Stoneydeep
Twickenham Road
Teddington
Middlesex
TWII 8BH
DIREcfoRS
David Ould (Chair)
Amanda Berlan
Jonathan Blagbrough
Kunera Moore- Korthals Altes
Terry Hudghton
COMPANY SECREfARY
David Ould
INDEPENDENT EXAMINER
John Mccullagh
39 The Farthings
Kingston Upon Thames
i(r2 7wr
BANKERS
The Co-operative Bank plc
PO Box 101
l Balloon Street
Manchester
M60 4EP
GOODWEAVE UK
Page3of15
Financial Statements 2025

GOODWEAVE UK
(A Company Limited by Guarantee)
DIREcfoRS' REPORT
GOVERNANCE
Governing Document
The organisation is a charity, registered on 29th November 2010, and non-profit making company
limited by guarant￿, incortx)rated on 3rd May 2001. The company was established under a
Memorandum of Association, which established the objects and powers of the company and is
governed under its Articles of Association. In the event of the company being wound up members
are required to contribute an amount not exceeding £1.
Objectives
The Goodweave initiative has two objects:
To relieve tx)verty suffering and distress in any part of the world; and
To promote research into and education concerning the causes and effects of poverty particularly
(without prejudi￿ to that generality) in relation to the conduct of business and to the conditions
of employment (including self-employment) of poor people in any part of the world, and to
publish the useful results of that research.
In furtherance of these objects the organisation arts as the UK regional office of Goodweave
International, whose aims are:
to eradicate illegal child labour in the carpet industry and such other products as
certified by the G(xKIWeave label;
to provide children with concrete opportunities for education, vocational training,
and other means for preparing to m￿t the future with hope;
to stimulate the employment of adults, so parents can support their families
adequately;
to facilitate development programmes to improve the terms and conditions of
employment for adult workers in the carpet and other industries with similar
employment issues, consistent with internationally recognised labour standards. so
that the industry can become a model for providing a living wage for skilled artisans
and their families and for producing carpets using environmentally sound praCti￿S.
iv)
Goodweave UK has exclusive licensing rights from Goodweave International (the holder of the
trademark) to the Goodweave label in the United Kingdom and agrees to grant importers a licence
to use the Goodweave label to market carpets, rugs and other products manufactured according to
the Gojdweave concept on the terms and conditions set out in the Li￿nCe Agreement.
ststement of Directors. Responsibilities
Company Law requires the directors to prepare financial statements for each financial year, which
give a true and fair view of the state of affairs of the company as at the balance sh￿t date and of
its incoming resources and application of resources, including income and expenditure for the
financial year. In preparing those financial statements, the directors are required to follow best
practice and:
select suitable accounting policies and apply them consistently.
observe the methods and principles in the Charities SORP (FRS 102).
GOODWEAVE UK
Page4of15
Financial Statements 2025

GOODWEAVE UK
(A Company Limited by Guarantee)
DIREcfoRS' REPORT (continued)
make judgements and estimates that are reasonable and prudent.
prepare the accounts on the going concern basis unless it is inappropriate to presume that the
charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position of the company and 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 tsking reasonable steps for the prevention and
detection of fraud or other irregularities.
Members of the Management Committee
Members of the Management Committee, who are Directors for the purpose of company law, who
served during the financial year and up to the date of this report are *t out on page 3. The Directors
are selected by the Board in the light of their knowledge and experience of the issues on which
Goodweave UK works.
In accordance with company law, as the company's directors, we certify that:
so far as we are aware, there is no relevant audit information of which the company's
independent examiner is unaware; and
as the directors of the company, we have taken all steps that we ought to have taken in
order to make ourselves aware of any relevant audit information and to estsblish that the
company's independent examiner is aware of that information.
The Charities Activities and Achievements
In 2025 marketing for Goodweave UK continued to be managed by Goodweave International
(GWI), employing a part-time UK-based consultant to handle regular contacts with the liCens￿S in
the UK. The consultancy was ended in June and since then marketing is managed directly by the
USA office.
The total UK licence fees in 2025 were £54,692 of which £31,251 were used for education, health
and rehabilitation work with children and their families by our partners in the carpet-producing areas
of India and Nepal. This was an increase of 6.6 % over 2024 reflecting an improvement in the UK
carpet industry compared to the low levels of the previous year. Goodweave has 19 licensed
importers in the UK; two new carpet licensees were signed in the UK in 2025 but this was offset by
the termination of four licensees.
In then period 2023-2025, GWI and its associates worldwide freed 1,511 children from child labour
and supported education for approximately 63,000 children. It currently works with 179 importers
from around the world to monitor their supply chains. More than 146,000 adults worked on sites
licensed and inspected by Goodweave International in Bangladesh, India, and Nepal in 2025.
Goodweave has company partners/licensees in 23 countries and programmes in India, Nepal, and
Bangladesh. We currently work in the rug, home textile, apparel, and fashion jewellery sectors, as
well as running capacity building projects in additional sectors. GWI has gradually promoted the
Goodweave methodology more widely and in 2025 we continued the trial of our inspection and
monitoring processes in the Bangladesh garment industry.
GOODWEAVE UK
Page5 of15
Financial Statements 2025

GOODWEAVE UK
(A Company Limited by Guarantee)
DIREcfoRS' REPORT (continued)
In 2025 Traid made further grant of £47,982 towards the costs of a GWI project in India and Nepal
to"Reduce Inequality and Child Labour in Textile Worker Communities in India and Nepal"
Traid also paid the final instalment of £12,000 for a similar grant in 2024.
Financial Review
The Directors of Goodweave UK report a net deficit of £7,729 for the period under review. At the
year~end there was a totsl reserve of £4,699. all the reserves are unrestritted.
Details of the major items on the balance sh￿t can be found in the notes to the accounts. The
fluttuations in debtors and creditors year on year are simply the result of the timing of receipts and
payments around the year end.
Reserves and Risk Management
The trustees have agreed that Goodweave UK can continue its operations and carry out its
charitable activities with minimal reserves and as a result the reserves will be kept at a basic level
during 2026. The trustees are confident that, because of the current methods of operation, this
policy does not create any significant risk for the charity or its beneficiaries.
The trust￿5 regularly examine the major risks that the charity faces and seeks to control these risks
to mitigate any impact they may have on the charity. The majority of GWUK income comes from
licence payments made in arrears and non-payment is an obvious risk. However, in practice these
fees are simply passed through the GWUK accounts when received and so any loss to GWUK debtors
will be offset by the same reduction in creditors.
Public Benefit ststement
Directors of a charity have a duty to report in their annual report on their charity's public benefit.
The Directors have concluded that the section above on"Activities and Achievements" demonstrates
that Goodweave UK'S work benefits a wide range of people and organisations in both the UK and
South Asia and as a result:
the aims of the charity continue to be charitable.
the benefits are for the public, are not unreasonably restricted in any way and certainly not
by ability to pay and;
there is no detriment or harm arising from the aims or activities.
Fundraising Statement
The trUSt￿S have taken note of Sections 13 and 14 of the Charities (Protection and Social
Investment) Act of 2016. Goodweave UK does not use professional fundraisers. Fundraising activity
with the general public is limited to a donation button on the website and links to this from social
information platforms. No complaints about such attivity were received by the charity during 2025.
GOODWEAVE UK
Page6of15
Financial Statcmcnts 2025

GOODWEAVE UK
(A Company Limited by Guarantee)
DIRECTORS, REPORT (continued)
Independent Examiner
John Mccullaah carrled out the Independent Examination of the Company. In accordance with
Settion 485 of the Companies Att 2006, a resolution oroposino the re-apwintment of Mr John
Mccullagh as independent examiner will be put to first Board Meeting following the annual general
meetino.
Approved by the Board on the Iith August 2026 and signed on its behalf by:
David Ould
Terry H
hton
CIOODWF.A VE LJK
Pc2gL7 of15
FinanLial Statemeiit% 20". i

INDEPENDENT EXAMINER'S REPORT
TO THE DIREcfoRS OF GOODWEAVE UK LTD
I report on the financial statements of Goodweave UK Limited for the year ended 31st December
2025 set out on pages 9 - 11 and notes to the accounts on pages 12 to 15. These financial
statements have been prepared in accordance with the Charities SORP (FRS 102) under the historical
cost convention and the accounting policies set out therein.
This report is made solely to the charity's trustees, as a body, in accordance with Section 145 of the
Charities Act 2011 and regulations made under that Act. My work has been undertaken so that I
might state to the charity's trustees those matters I am required to state to them in an independent
examiner's report and for no other purpose. To the extent permitted by law, I do not accept or
assume responsibility to anyone other than the charitable company and its trUSt￿S as a body, for
my audit work, for this report, or for the opinions I have formed.
Respective responsibilities of directors and independent examiner
As described on page 4 the company's directors are responsible for the preparation of the financial
statements in accordance with applicable law and United Kingdom accounting standards. My
responsibility is to examine the financial statements in accordance with relevant legal and regulatory
requirements and United Kingdom Standards.
I report to you my opinion as to whether the financial ststements give a true and fair view and are
properly prepared in accordance with Companies Act 2006. 1 also report to you if, in my opinion,
the Report of the Directors is not consistent with the financial ststements, if the company has not
kept proper accounting records, if I have not received all the information and explanations I require
for the audit, or if information specified by law regarding directors, remunerations with the company
is not disclosed. I read the Report of the Directors and consider the implications for my report, if I
become aware of any apparent misstatement within it.
Basis of Opinion
My work was conducted in accordance with the general directions given by the Charity Commission.
An examination includes a review, on a test basis, of evidence relevant to the amount and
disclosures in the financial statements. It also includes an assessment of the significant estimates
and judgements made by the directors in the preparation of the financial statements, and of whether
the accounting policies are appropriate to the company's Clrcumstsn￿s, consistently applied and
adequately disclosed.
I planned and performed the examination so as to obtain all the information and explanations which
I considered necessary in order to provide me with sufficient evidence to give reasonable assurance
that the financial statements are free from misstatement, whether caused by fraud or other
irregularity or error. In forming my opinion, I also evaluated adequately the presentation of
information in the financial statements.
Opinion
In my opinion the financial statements give a true and fair view of the company's affairs as at 31st
December 2025 and of the surplus of incoming resources over resources expended for the year then
ended and have been properly prepared in accordance with the Company's Act 2006 and principles
of the Charities SORP (FRS 102).
Date:
If A_
John Mccullagh
GOODWEAVE UK
Page8of15
Financial Statements 2025

GOODWEAVE UK
(A Company Limited by Guarantee)
ststement of Financial Activities
(Including Income & Expenditure Account)
For the year ended 31st December 2025
2025
Restricted
Funds £
2024
Total
Funds
Notes Unrestricted
Funds £
Total
Funds £
In
me
Endowments from
Charita
le Activitie
Grants
Donations
Licence Fees
Sundry Income
Gift Aid
Bank Interest
Total Incoming
Resources
59,982
2,000
54,692
2,280
59,982
4,329
54,692
2,280
31
47
48,000
1,728
51,290
1,473
100
95
2,329
31
47
2,407
118,954 121,361 102,686
Ex
nditure on
Charitable Artivities
Direct Objectives
Grants
Management & Admin.
Total Resources
Expended
9,359
56,972
62,623
66,331
62,623
136
52,763
48,500
128
136
9,495
119,595 129,090 101,391
Net income
(expenditure)
641
Balance at l Jan 2025
11,787
641
12,428
11,133
Balance at 31 Dec 2025
4,699
4,699 12,428
GOODWEAVE UK
Page9of15
Financial Statements 2025

GOODWEAVE UK
(A Company Limited by Guarantee)
Balance Sheet as at 31st December 2025
Notes
2025
2024
CURRENT ASSETS
Debtors and Prepayments
Cash at Bank and in hand
48,415
37,302
58,977
54,378
LIABIUTIES
Amounts falling due within one year
(54,278)
(41,950)
Net Current Assets
4,699
12,428
FUNDS
Unrestricted Funds General
Restricted Funds
4,699
11,787
641
12,428
4,699
The directors are satisfied that the company is entitled to exemotion from the Drovisions of tDa_
Companies Att 2006 (the Att) relating to the audit of the financial statements for the year by virtue
of section 477, and that no member or members have requested an audit pursuant to settion 476
of the Att.
The directors acknowledge their ￿SponsIbl11￿"eS for complying with the reqU1￿ments of the Art with
respect to accounting records and the preparation of financial statements
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime.
The Board of Directors approved these accounts on the Ilth of August 2026.
hJo.11
David Ould Direttor
Terry H
ghton Director
C7C)ODWEA VE UK
Page loot li
Financial Stateinents ?02)

GOODWEAVE UK
(A Company Limited by Guarantee)
Statement of Cash Flow at 31st December 2025
Total Funds Prior Year Funds
Note
Cash Flows from Operating Activities
Interest
(6,561)
47
2,765
95
Table 9
Change in cash in 2025
Cash at l January
Cash at 31 December
17,076
10,562
14,216
17,076
GOODWEAVE UK
Pagellof15
Financial Statcinents 2025

GOODWEAVE UK
(A Company Limited by Guarantee)
NOTES TO THE ACCOUNTS
For the Year Ended 31st December 2025
l) Accounting policies
a) Basis of preparation
The financial statements have b￿n prepared under the historical cost convention,
modified to include the revaluation of certain fixed assets, and in accordance with
the Financial Reporting Standard for Smaller Entities (effective January 2008) and
the Companies Act 2006.
These accounts are the accounts of Goodweave UK
These accounts have b￿n prepared on an accruals basis and include income and
expenditure as they are earned or incurred, rather than as cash is received or paid.
The recommendations of the Statement of Recommended Prattice applicable to
charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January
2019), have been followed in the preparation of these accounts. Goodweave UK is a
Public Benefit Entity as defined by FRS 102.
iv)
b) Going concern
At the time of approving the accounts, the TrUSt￿S have a reasonable expectation that
the company has adequate resources to continue in operational existence for the
foreseeable future. Thus, the Trustees continue to adopt the going concern basis of
accounting in preparing the accounts.
b) Fund accounting
The company's unrestritted fund consists of funds, which the company may use for
its purposes at its discretion.
The company's restricted funds are those where the licensee/donor has imposed
restrittions on the use of the funds, which are legally binding.
c) Voluntary income
All voluntary income is included upon receipt.
Grants re￿1vable are credited to income immediately upon receipt.
d) Investment income
Credit is tsken for interest when the interest falls due for payment.
e) Administration expenditure
Administration expenditure comprises costs incurred in running the charity. Where
applicable, these costs have been treated as direct charitable expenditure.
GOODWEAVE UK
Page12of15
Financial Statemenls 2025

GOODWEAVE UK
(A Company Limited by Guarantee)
NOTES TO THE ACCOUNTS (continued)
For the Year Ended 31st December 2025
2. Licence Fees:
Importers must pay a fee to be able to use the trademarked Goodweave label and logo. 57 % of
the f￿ is sent to the Goodweave office in the relevant producer country to fund random inspections,
and welfare, education and rehabilitation activities. 43 % contributes to promotion of the Goodweave
mark and aims in the UK and internationally.
Licensed importers must report on their imports and pay the licence fee within 30 days of each
quarter day (March 31st June 30th September 30th December 31st). Accounting is made for the
quarter in which the licence f￿ is, or should have been, received for imports in the previous quarter.
Estimates of outstanding payments have b￿n induded in these accounts because they are a
significant part of total assets and of the reserves.
Licence fee payments owed to GWUK at year end excluding VAT = £36,413
£1,914 of outstsnding li￿nce fee were written off in 2025, following the bankruptcy of one
licens￿.
3. Grants Received:
£12,000 received from Traid as the final payment of a £60,000 grant towards the costs of
a project: "Reducing Inequality and Child Labour in Textile Worker Communities in India
and Nepal - l July 2024 - 30 June 2025"
£47,982 received from Traid as the first payment of a £60,000 grant towards the costs of
a project: "Reducing Inequality and Child Labour in Textile Worker Communities in India
and Nepal Phase 2- 1 August 2025- 31 July 2026"
£641 carried forward as Restricted Funds at the end of 2024 were transferred to GWI in
2025 to support work carried out by GWI on UK marketing.
4. Donations Received:
Donations received included:
Wyndham Charitable Trust = £1,000
5. Marketing Partner/Sponsor Payments Receivable:
Income from marketing partner/sponsor = £2,280 (£1,520 receivable at the year-end)
GOODWEAVE UK
Page 13of15
Financial Statements 2025

GOODWEAVE UK
(A Company Limited by Guarantee)
NOTES TO THE ACCOUNTS (continued)
For the Year Ended 31st December 2025
6. Direct Objectives
Item of Expenditure
Unrestricted
Restricted Total (£)
(£)
(£)
Transfer of licence fees to Goodweave
India/Nepal
Marketing and Licensing
Support to GWI
Management & Administration
Tota I
31,251
25,721
62,623
31,251
25,721
71,982
136
129,090
9,359
136
9,495
119,595
7. Liabilities
2025
(£)
23,567
19,197
2024
(£)
17,534
14,416
500
Licence payments to Nepal/India
Marketing Payments to GWI
Donation for GWI
VAT Payment
Tota I
54,278
41,950
8. Debtors
Item
2025
(£)
46,591
1,824
2024
(£)
36,822
380
100
37,302
Licence fees
Private Label F￿S
Gift Aid
48,415
GOODWEAVE UK
Page 14of15
Financial Statements 2025

GOODWEAVE UK
(A Company Limited by Guarantee)
NOTES TO THE ACCOUNTS (continued)
For the Year Ended 31st December 2025
9. Reconciliation of Net Income/(Expenditure) to Operating Activity Net Cash
Flow
2025
2024
Net Income/
Ex
Ad'ustments for:
Interest
Increase
/Decrease in Debtors
Increase/
Decrease
in Creditors
Net Cash Used in O
eratin
Activities
enditure
for 2025 as
er the SOFA
47
95
10. Share Capital:
The company is limited by guarantee and does not have share capital.
11. Remuneration of Directors:
No directors received any remuneration or repayment of expenses in the year.
12. Small Company Exemptions:
"These financial statements have b￿n prepared in accordance with the special provisions relating
to small companies within Part 15 of the Companies Act 2006 and with the Financial Retx)rting
Standard for Smaller Entities (effective April 2008). For the financial year ended 31 t)ecember 2025
the company was entitled to exemption from audit under section 477 Companies Act 2006. and no
notice has been deposited under section 476.
The directors acknowledge their responsibilities for ensuring that the company keeps accounting
records which comply with section 386 and for preparing financial statements which give a true and
fair view of the state of affairs of the company as at the end of the financial year and of its profit or
loss for the financial year in accordance with the requirements of sections 394 and 395 and which
otherwise comply with the requirements of the Companies Att 2006 relating to financial statements,
so far as applicable to the company."
GOODWEA VE UK
Page 15of15
Financial Statements 2025