REGISTERED CHARITY NUMBER: 1156416 First Give Report of the Trustees and Unaudited Flnancial Statements for the Year Ended 31 August 2024 Mcmillan & Co LLP Chartered Accountants 28 Eaton Avenue Matrix Office Park Buckshaw Village Chorley Lancashire PR7 7NA
First Give Contents of the Financial Statements for the year ended 31 August 2024 Page Refergnce and Administrative Detalls Report of the Trustees Independent Examiner's Report statement of Flnancial Activltles Balance Shoet Cash Flow Statement Notes to th8 Cash Flow Statement 10 Not88 to the Financlal Statements 11 to 16 Detalled Statement of Financial Actlvities 17
First Give Reference and Administrative Details for the year ended 31 August 2024 TRUSTEES SCS Beecham (resigned 101112024) S Mandelbaum R Cr8mer (resigned 2911112023) B Frankfurt MF Durham W Hariharan Ireslgnod 29111120231 JJ Langley DL Fielding lappoinled 101112024) S Ashroff (resigned 161512024) A Ward (appoinlod 16151202.4) F de Fabiani (appointed 161Jf12024) REGISTERED OFFICE Pears Hub Haskell House 152 West End L8ne London NW6 1SD REGISTERED CHARITY NUMBER 1156416 INDEPENDENT EXAMINER Mcmillan & Co LLP Chartered Accountanls 28 Eaton Avenue Matrix Office Park Buckshaw Villago Chorley Lancashir8 PR7 7NA Page 1
First Give Report of the Trustees for the yéar endèd 31 August 2024 The Iruslees present their report with Ihe financial stalernents of Ihe charity for the year ended 31 August 2024. The trustees have adopted Ihe provisions of Accounting and Reporting by Charities.. Slatem8nt of Recommended Practice applicabl8 to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2019). OBJECTIVES AND ACTIVITIES ObjectivÉs and alms The objects of th8 charity are, for the public banefit.. To advance educatlon. in parii¢ular In philanthropy- To advance In life and help young people by providing support and 8clivities which devalop thelr skills, capacities and capabilities lo enable Ihem lo participate in society as responsible individuals., and {iii) To further such other charitable purposes as are exclusively charitable under the laws of England and Wales as the trustees from tim6 to time determine, in particular by the provision of grants, in particular by acting as a rasource for young people by making 8vailable grants, advicè and asslstance, and facllilallng phi18nlhropSc projects for young people in the United Kin9dom. The trustees confirm th8t they have referred lo the guidance contalned In Ihe Charity Commisslon's g8ner81 guldanc6 on publlc benefit wh8n reviewing the charity's aims and obl8Ctives. Firsl Glve's main charitable activity is tl)e running of a secondary school prograrnm8 that engages students with théir communilies and inspires them lo carry out social action proj6cts {for example raising awareness or fundraising) in support of local charities while dèveloping key professional skills. Charitable grants are made to chariti&s local to the particlpaling schools and chosen via the First Give Final competition. We ar8 currenlly also developing and piloting new programm8S to support our mission. First Glve does not accept speculallve grant applications. How th8 programme works: students learn about Social issues in thelr communlly and choos8 the issues which aré Important to them. Students research chariligs working In Iheir communities and as 8 Class, choose one lo represent. Charilles are inviled lo meet the class, so that students can learn mora about their work and how they can help them. Sludenls plan and deliver social a¢llon aclivilies (fundraising, awareness raising, volunteering) In support of their charities. Students learn public speaking skills and put logoth8r croative presentations about the work of IheSr charity and what their class has done lo suppori il. One qroup of students is chosen to represent each class at their school's First Give Final. A pan81 of Judges rale each ¢18ss based on Ihelr soclal action and prasentalions. The winning class wins a First Give grant of £1,000 for IheSr charity. A comprehensive and easy lo navigate web sile has been developed with all of our resources available at www.firslgive.co.uklhow-1l-worksl Page 2
First Give Report of the Trustees for the year ended 31 August 2024 ACHIEVEMENT AND PERFORMANCE Charitable activitles 202312024 was the final year of our Ihree-year plan lo.. Increase the number of partner schools delivering ils core programme Develop new programme pilots Contribute to thought leadership around philanthropy and social action Increase the number of partner schools A central anibilion of the trustees has always been to Increase the number of partner schools with whom we deliver the First Give programme. This formed our first strategic goal over the Ihree year period from 2021- 2024. However, in mid-2023, the trustees reviewed performance to dale and our growth Irajeclory and made the decision lo sel a largel number of programmes for 202312024 ul 190, maintaining rather Ih8n growing the network. The purpose was lo allow the or9anisalion to focus on development of a ncw strategy for growlh lo be launched in 202412025. As a result, over the course of thls three year period, we have we achieved 8 modest Increas6 in the number of schools we partnered wllh lo dellvar the Fir.81 GIV8 programme. From 183 in 202112022 10 196 in 202212023 and finally lo 191 In 202312024. Through the 191 prugrammes delivered in 202312024 we impacted 35,230 young people (compared to 35,600 in 2022120231. This meant £191,000 went lo charities chosen by young people. In addition lo Ihis, around £80,000 was raised for charities through the social action activities devised and carried out by young people themselves on 11)e programme. In total, since First Glve launched in September 2014, the charity has regranted £1,469,000 lo charities champloned by 234,506 young people who've participated on the programme. In addition, those young people have raised an additional £434,521, and given hundreds of hours of their lime to charity. We surveyed 8 repr6sentaliv6 sample of students and teachers who participalfid nn the programme in 202412025.. 990/0 of 51udenls who pres&nled al their Final told us they improved in al least one of our key skill areas.. Presenlalion skills., Teamworking skills., Leadership skills,. Rese1c rch skills., Project Planning skills. 980/0 of students who presented al their Final reported improvin9 awareness of soci81 i8sues affeGling Ilieir community. 98010 of students who presenled al their Final reported improving awareness of how charities help people in their local community. 95010 of students who presented al their Final told us their ability lo hp.lp others in their community had improved. 90 /0 of students who presented al their Final told us they may or will do more social aplion in the future. 99010 of léad leachers would recommend First Give to oth8r teachers. 840/0 of le8d teachers said partnering with First Give helped their school lo support and encourage studen15 to tackle social iSSLJes. 89010 of lead teachers said partnering with First Givo helped their school lo develop more meaningful way.8 to connect with the communily. Develop new programme pllots First Give Primary We were excited lu &xleiid oui" pilol of fii'sl Give Primary this year. 'orkIng in partnership with eight schools from across South Wales, and in London. We developed Ihe programme structure and resources based on feedback from the last pilot. Over the course of a full day of activities in school. pupils would.. Be inspired by a launch assembly designed lo gel them thinking about their role in the coinmunily. Be supported lo empalhise viith olhors by reflecting on the problems affecting them and their friends. Page 3
First Give Report of the Trustees for the year ended 31 August 2024 Be supported to understand the root causes of broader social issues affecting the community. Enquire about these broader social issues through interviews with community members from inside and outside school. Be supported to docide how they can make change themselves through social action. 446 pupils participated in eight schools. Al Ton Pentre Primary School, pupils had chosen food poverty 28 an i8sue they wanted to focus on. Here is our facililalor Gemma reflecting on their social action.. "There were students who had a vi511 from someone who was at B local food bank. The cliildren within a couple of weeks were doing basketball shool-outs, cake sales, sweets in a jar - they kind of did everything and anything. I think they ended up raislng about £300, just ono group, which is pretty amazing. "They spent £100 on food lo donate to the food bank... and I think the aclual tangible nature of gelling the things then they brought il in for the celebration they had il all on display...Ihal fell really impaclful. The children fell really empowered and proud when thoy were standing next lo a11 this food, Th8y're lik8, 'yeah, wo made this We look forward lo reviewing learning froni Ihls extended p1101 and making further Improvements to the programme for next year. First Give One Day First Give One Day is a new programme designed lo be deliverod in a single drop-down day (a day in which Ihe traditional limelable is 'collapsed' and all sludanls participale in project based 8clivilies for the full day) willi partner schools. 11 will be a brand new, distinct programme that will support Ihc organisalion lo reach morc young peopla, more often al more partner schools. The programme was dèsigned with input from the full First Glve team; lear.hp.rs from partner schools 8nd charity represenlalives who all contributed lo the prnress. Young people al partner schools were also consulted on the programme ahead of the design sprint procèss. We will be piloting the programme with ten schools over the course of the academic year 202412025, in three phases lo allow us lo make ileralive improvemenls over the year. Through the programme, a full year groLIP of students will bc offered the apportunily lo learn about charities, the need for fund.s la carry out their work. They viill meet represeiilalives from charilies and reflect on which Ihcy would like lo support. Eacli sludenl will then be given five £1 tokens to donate as they viish, 8$ well as an option of social action activities they can choose to commil to. We launched Ihe pilot in Autumn 2024, and look forward to reviewing progrcss over the course of11)e academic year 2024125. First Glve Step Up We continued to deliver First Glve Step Up, with 6 schools participating in 202312024. Slep Up invites sludants lo reflect on their experiences of the First Glve programnie, one year on froni ils completion. -[ he programme is launched with an assembly lo the full year group, reflecting on the impact the students had through last year's First Give programme, A small cohort of 10 students are then given the opporluiiily lo design and lead furlher social action projects in the school and community. A key part of the Slep Up programrne is a full year group SLINey. We rec.eivp.d 828 responses. Findings from Iliis suNey indicate the potential of sustained impacl following participation in Ihe First Give progranime, how8ver work is required lo verify and improve the perceiitagp of young people ivho go on lo partlClP8le in further Sociiil aclion. Contribute to thought loadorslilp around philanthropy and soclal action Our investment in thought leadership vjas deprioritised over the course of this year due lo our focu5 un programme developmenl and delivery; and on slrcilegic planning for 2024 onwards, In making the decision lo depriorilise Ihis goal. the Iruslees acknowledged Ihe significLinl disruptions faced by Ilie organisation due lo changes in leadership. Over the COLirse of the year, both the Chair of Trustees and the CEO Iransilioned out of their roles, with neiv appointments made for both positions. Page 4
First Give Report of the Trustees for the year ended 31 August 2024 We were however delighted that our Deputy Director was able lo join the advisory board for the ESRC funded research project, 'Educaling for Social Good A critical analysis of how social, civic and philanthropic behaviours and altitudes are facilitated, encouraged and discussed in primary schools in England. FINANGIAL REVIEW Despite a year in which Triany charilies suffered from reduced incomo, we are delighted to report that our total income grew by 11.4'/. 10 £886,112 12023.. £795,830). Total expenditure was down by 2.6/. 10 £812,381 {2023.' £833,919). At 31st August 2024, Flrsl Give had £339.058 of unreslrlcled reserves, representing just under 4 months of operating costs. First Give's reserves policy is that the organisalion should strive lo have between 3-6 months, worth of expenditure in unrestricted reserves. The financial year for 202312024 ended with a surplus of £73,731. This was due to a delay In the implemenlalion of innovation plans in line with our strategic review. Funds originally allocated for this innovation were retained for activity lo commence in 202412025, and lo replenish our reserves, in line with our reserves policy. There was no underspei)d on reslricled funds. In this report th8 trustees have reviewed Flrst Glve's financlal performance and the general reseNes position. They are satisfied that First Give has adequate financial resources and is able to manage the buslness risks beyond the end of the next 12 months and that the charity is Ih8refore a golng concorn. FUTURE PLANS 202312024 was a year of Iransilion, during which we were proud to mainlaln the breadth and deplh of our work and impact. In 202412025 we look foard lo.. Launching our ambitious new slralegy. laying the foundations for growth Partnering with at least 190 schools to deliver the coro First Givo programme. This will mean reae.hing over 34,000 sludonls Piloting a new secondary programme, First Give One Day, with len schools, reachlng approxlmalely 1,800 students Extending First Give Primary, delivering ten programmes across England and Wales and reaching approximately 600 Lliildr8n STRUCTURE, GOVERNANCE AND MANAGEMENT Governing documeiit Firsl Give is a Charitable Incorporated Organisalion ICIO} registered in England and Wales. The CIO (registered charily number 11564161 was eslablishad by CIO conslilulioii on 27 March 2014. The charity Is overseen by ils Board nf Trustèes. In the fiscal year 202312024, 11 members setved on the Board, per the dalails al the beglnnlng of this report. At any one lime, thera were no more Ih8n seven appolnled trust88S Sltling on the Lloard. The Trustees meet qLJarterly to review finances, set priorilies aiid revlew progress against the strategic plan. Operational responsibility for delivery against Ihe plan is delegaled lo Ihe Director. The board would like lo lake this opportunity lo thank Sinclair Beecham, fouiiding Chair of First Give, for his long SLJrvice an(i comniilment lo Ilie charity, after 8lp.pping down this year. Thp.y would also like to thank Louisa Muiidachali Searle, who stepped down as Director this year after len years, working al the charity. Approved by order of the board of Iruslees on 29 April 2025 and signed on its behalf by.. DL Fielding Trust Page 5
Independent Examiner's Report to the Trustees of First Give Independent examlnerfs report to the trustees of First Give <'the Charity'} I report to the charity Iruslees on my examlnalion of the accounts of the Charity for the year endèd 31 August 2024. Responsibillties and basis of report As the charily's trustees you ar8 responsible for the preparation of Ihe accounls. The charity's Iruslees consider that an audit is not required for Ihis year (under section 144{2) of the charitias Act 2011 {'Ihe 2011 Act,)) and that an independent examination is required. Since your charity's gross income exceeded £250,000 your examiner musl be a member of a Ilsled body. I can confirffl that l am qualified to undertake the examination because l am a régistered membér of the Inslilule of Chartered Accountants in England and Walas which is one of the listed bodies. 11 Is my responslbilily to: Examine the a¢counls under Seclion 145 of the 2011 Act To follow the procedur8s laid down in the General Directions given by the Charity Commission {under Seclion 145{5llb) of the 2011 A¢l), and To stale whether particular mallers have come lo my atlontion. Independent examiner's statement I have completed my examination, I confirm that no matters have come lo rny altentSon In connection with the examinallon giving me cause lo believe.. 11) Which gives me reasonable cause to b811eve that, in sny material respect, the requlrements To keep accounting records in accordance with Seclion 130 of the 2011 Act,, and To prepare accounts which accord with the accounting records and lo comply wllh the accounting requirement of the 2011 Act. Have not been met., or (21 To which, in my opinion, allenlion should be drawn in order to en8ble a proper under618nding of the accounts to be reached. JFD Mcmillan Mcmillan & Co LLP Chartered Accountsnts Dale. 29 April 2025 Page 6
First Give Slatement of Financial Activities for tho year ended 31 August 2024 2024 Total funds 2023 Total funds Unreslricled Restricted fund fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 397,666 325,143 722,809 697,651 Charitable actlvltlg5 Education 145,558 145,558 92,150 Investment income 17,745 17,745 6,029 Total 560,969 325,143 886,112 795.830 EXPENDITURE ON Charltable actlvllies Education 454,064 355,264 809,328 830,924 Other 3,053 3,053 2,995 Total 457,117 355 264 812,381 833,919 NET INCOMEI(EXPENDITURE) 103,852 {30,121) 73,731 138,089) RECONCILIATION OF FUNDS Total funds brought foM8rd 235,206 30,12 265,327 303,416 TOTAL FUNDS CARRIED FORWARD 339,058 339,058 265,327 Thé notès form part of these finencial statements Page 7
First Give Balance Sheet 31 August 2024 2Q24 Total funds 2023 Total funds Unrestricted Re5triGled fund lund Noles FIXED ASSETS Tangible assets 10 85g 859 169 CURRENT ASSETS Debtors Cash al bank 5,793 456,838 5,793 456,838 9,885 315,234 462,631 462,631 325,119 CREDITORS Amounts falling due within one y8ar 12 (124,432) (124,4321 {59,9611 NET CURRENT ASSETS 338 199 338.199 265,158 TOTAL ASSETS LESS CURRENT LIABILITIES 339,058 339,058 265,327 NET ASSETS 339 058 339,058 265,327 FUNDS Unrcslrlcled funds Restricted funds 339,058 235,206 TOTAL FUNDS 339,058 265,327 The financial slatemenis were approved by the Board of Trustees and aulhorised for Issue on 29 April 2025 and w8re .signed on its behalf by.. DL Fielding T sle8 The notes form part of these financial statements Page 8
First Give Cash Flow Statement forthe year ended 31 August 2024 2024 2023 Notes Cash flows from operating activitles Cash generated from operalions 125,148 33,860) Net cash provided byl(usÉd in) operating activities 125,148 33.860) Cash flows from Invastlng actlvities Purchaso of tangible fixed assets Interest received 11,2891 6,029 Not Cash provided by investing aclSvitles 16,456 6,029 Change In cash and cash aquivalents In the reportlng perlod Cash and cash equivalents at the begiiinlng of the reportlng perlod 141,604 127,831) 315 234 343,065 Cash and cash 8qulva18nts at the end of the rèporting period 456 838 315,234 The notes form part of these financial slalemenls P2ge 9
First Give Notes to the Cash Flow Statement for th8 year 6nded 31 August 2024 RECONCILIATION OF NET INCOMEI{EXPENDITUREI TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net inGomellexpenditure) for the reporti ng period (as per the Statemént of Financial Activlties> Adjustments for.. Depreclation charg8S Interest réceived Decreasel{increasa) In debtors Increase in crcdilors 73,731 {38,089) 599 (17,7451 4,092 64.471 168 {6.0291 17.3011 17,391 Net cash provided byllused inl oparatlons 125,148 33,8601 ANALYSIS OF CHANGES IN NET FUNDS At 11gJ23 Cash flow At 3118124 Net cash Cash at bank 315,234 141,604 456,838 315,234 141604 456 838 Total 315,234 141,604 456,838 The notes form part of these financial slalements Page 10
First Give Notes to the Financial Statements for the year ènded 31 August 2024 GENERAL INFORMATION The charity is a registered charity in England and Wales and is incorporated. The address of the principal office is Pears Hub, Haskell House, 152 West End Lane, London, NW6 1SD. There are no material uncertanties about the charity's ability lo continue as a going concern. The presentational curr8ncy of the financial slalemenls Is the PoLJnd Sterling (£1. The amounts in the financial statements hav8 bepn rounded to the nearest £1. ACCOUNTING POLICIES Basls of preparing the financlal statements The financial slaleinenls of Ihe charilable company, which is a public benefit enlily under FRS 102, have been prepared in accordance with the Charilios SORP {FRS 102) 'Accounling and Reporting by Charilip8.' Slalemenl of Recommended Practice applicable to charities preparing their accounts in accordance with tlie Financial Reporting Standard applicable in the UK ai)d Republic of Ireland {FRS 102) (effective 1 January 20191,, FSnAncial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republlc of Ir81and' and the Companies Act 2006. The financial slalemenls have be8n prepared under Ilie historical cost convention. Income All Income Is recognised in the Slalement of Financial Activities once the charity has entitlement to the funds, it is probable Iliat the income will be received and the amount can b& measured reliably. Expenditure Li8bililies are recognised as expenditure as soon as there is a legal or conslruclive obligation commilling the charity lo Ihal cxpcndilure, il is probable 11)at a Iransfcr of economic benefits will be roqLJir8d in selllemenl and the amount of the obligation can be measurp.d reliably. Expenditure is 8GCOLinled for on an accruals basis and has been classlfiod under headings Ihal aggregate all cost related lo the category. Where costs cannot be dlreclly allribul¥d lo particular headings they have been allocated lo activities on a basis consislenl wilh the use of resources. Grants offered subject to condillons which have nol been mel al Ilie year end dale are noted as a commitment bul not acclued 85 expenditure. Tangible f ixed assets Deprccialion is provided al Ihe following annual rates in order to write off each asset over its eslinialed useful life. Computer equlpmenl 330/0 on cost Taxation The charity is exempl from corporation lax on its charitable aclivilies. Fund accounting Unroslricled funds can be used in accordance willi the charitable objectives al the discretion of the IrLislees. Restricted funds can only be used far particular restricted purposes within the objects of the. charity. Reslriclioi)s arise when specified by the donor or when funds 8re raised for specific purposos. Reslriclions are Usudlly geographic in nature. Further explanation of the nature and purpose of each fund is included ill the noles lo Ihe financial slatemenls. Page11 continlied...
First Give Notes to the Financial Statements - continued for the year ended 31 August 2024 ACCOUNTING POLICIES - continued Pension costs and other post-retirement benefits The charitable company operates a defined conlribulion penslon scheme. Contributions payable to the charitable company's pension scheme are charged to the Slalement of Financial Activities in Ihe period to which they relate. Flnan¢lal Instruments Financlal instruments are recognised whe.n the company becom8s party lo the contractual provisions of the instrument. Ba51c financial assets, which include debtors. prepayments and bank balances, are initially m6asured al transaction price and are subsequently carried al cost unless th8 arrangement iiidicates otherwise and Ihen the assol is measured cil Ilie present valije of the future ieceipts discounled al a market rale of Inleresl. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised al IransaLlion price and are subsequently carried al cost unless the arrangement indicates olherwiso and then the liability is measured al the present value of Ihe fulura obligations discounlod al a market rale of inl6resl. DONATIONS AND LEGACIES 2024 2023 Donations 722,809 697.651 Donations during the period were received from the following.. Restricled Unrestricted 2024 2023 abrdn Alleii & Overy Fouiidalion Anonymous Donors Garfield Weston Foundation Individuals - Big Give Inlhallo Jack Po.Ic,hey Foundation Juslgiving donations Lansdowne Partners lic,hapl & Belly Little Foundation Richard Little - Big Give Match S(;l)roder Charity Trust Sir Williani Boreman's Foundalion The Buffinl Chao Foundation The Drapers Chi4rilable Fund The Dulverton Trust The Edward Cadbury Charilable Trust The Eveson Trust The FLinding Ne.Iwork The Gwendoline and Margaret Davies Charity The Lower Green FoLindalion The Pears Family Charitable Foundation The Rank Fouridalioii Tlie Weslminsler Foundation This Day Town Cenlre Securities Wixamtree Trust 19,990 9,903 19,990 9,903 19,990 12,959 20,000 15,167 10,000 20,000 15,167 10,000 166,600 12,099 166,600 164,442 12,099 20,000 25,000 40,000 15,000 40,000 15,000 5,000 5,000 2,500 25,000 26,250 26,250 40,000 40,000 21,150 3,000 5,001 17.119 2,300 55,000 220,000 42,911 9,279 25,000 20,000 7,000 42,000 42,000 243,400 243,400 30,000 30,000 20,000 7,400 20,000 7,400 325,143 397,666 722,809 697,651 Page 12 continued...
First Give Notes to the Financial Statements - continued forthe year ended 31 August 2024 INVESTMENT INCOME 2024 2023 Deposit account interest 17,745 6,029 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Aclivity Education Schools 145,558 92,150 CHARITABLE ACTIVITIES COSTS Grant fundin9 of aclivities DSrecl Costs Totals Education 619,328 190000 809,328 NET INCOMEI{EXPENDITUREI Net Incomel{expendlturél is slated aftèr chargingl{crediting)', 2024 2023 Independent examlnalion Depreciation - owned assets 1,220 599 1,174 168 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneralion or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023. Trustees. expense8 During the yaar trustees, expenses were paid tolalling £NII (2023., £Nill relating to travel éxpenses. STAFF COSTS 2024 2023 Wages and salaries Social socurity cosls Other pension costs 318,781 28.728 14.935 373,423 37,458 19,151 362 454 430,032 The average monthly number of employees durlng tlie year wa5 as follows.. 2024 2023 10 Staff Page 13 continued...
First Give Notes to the Financial Statements - continued for the year ended 31 August 2024 STAFF COSTS . continued The numbor of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was.. 2024 2023 £60,001- £70,000 10. TANGIBLE FIXED ASSETS Computer equipment COST At 1 September 2023 Addilions 2,989 1,289 Al 31 August 2024 4,278 DEPRECIATION Al 1 Soptombor 2023 Charge for year 2,820 599 At 31 August 2024 NET BOOK VALUE At 31 August 2024 859 Al 31 August 2023 169 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Prepayments and accrued inGom8 5,793 9,885 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trado creditors Social security and other tax@s Accruals and deferred Income 4,301 7,023 113,108 7,662 52,299 124 432 59,961 Page 14 continued...
First Give Notes to the Financial Statements - continued for the year end9d 31 August 2024 13. MOVEMENT IN FUNDS Net movement in funds Al 3118124 Al 119123 Unrestricted funds General fund 235,206 103,852 339,OS8 Rastrlcted funds Schools 30,121 {30,121) TOTAL FUNDS 265.327 339.058 Net movement In funds, Sncluded in thè above arè as follaws.. Incoming resources Resources expended Movement in funds Unrestrlcted funds General fLtnd 560,969 (457,117) 103,852 RestriGted funds Schools 325,143 (355,264) {30,121) TOTAL FUNDS 886,112 812 381) Comparatlves for movement In funds Net movement in funds At 3118123 Al 119122 Unrastrict8d funds General fund 282,111 (46,905) 235,206 Restrlcted funds Schools 21,305 8,816 30,121 TOTAL FUNDS 303,416 38.0891 265,327 Page 15 continued...
First Give Notes to the Financial Statements - continued for tha year ended 31 August 2024 13. MOVEMENT IN FUNDS - oonllnuod Comparative nel movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds Ganeral fund 436,138 {483,D43) 146,9051 Restrlcted funds Schools 359,692 (350,876) 8,816 TOTAL FUNDS 795,830 833,919) 38,089) Restrlot8d funds were used lo fund th6 Flrsl Give progrBmme in ellher certain named schools or schools in a named region or for sp8clfic prolecls, such as specific staff roles. 14. RELATED PARTY DISCLOSURES The.re were no related party transacbons for Ihe year ended 31 August 2024 or for the year ended 31 Augusl 2023. Page 16
First Give Detailed Statement of Financial Activities for the year ended 31 Augusl 2024 2024 2023 INCOME AND ENDOWMENTS Donatlons and legaGies Donations 722,809 697,651 Investment income Deposit account Interest 17,745 6,029 Charltabla actlvities Schools 145,558 92,150 Total Incoming resources 886,112 795,830 EXPENDITURE Charitable actlvitiO$ Salarias Soclal securlty Penslons Programme dev81opmenl Offic8 Costs Computer 8quiprn8nl Grants to institulions 316,781 28,738 14,935 183,141 73,134 599 190,000 373,423 37,458 175,047 27,677 168 198,000 809,328 830.924 Support costs Finance Bank Gharg8S 1,833 1,821 Governance costs Independ8nl examin8tion 1,174 Total resources expended 812 381 833 919 Nat incomellexpenditlire) 38,089) This page does not form part of the slatulory financial stalamenls Page 17