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← First Give

2025-08-31-accounts

Docusign Envelope ID: 8B73A3AC-AEE2-4E1F-A8B3-07F352D24655

REGISTERED CHARITY NUMBER: 1156416

First Give

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 August 2025

McMillan & Co LLP Chartered Accountants 28 Eaton Avenue Matrix Office Park Buckshaw Village Chorley Lancashire PR7 7NA

Docusign Envelope ID: 8B73A3AC-AEE2-4E1F-A8B3-07F352D24655

First Give

Contents of the Financial Statements for the year ended 31 August 2025

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 8
Independent Examiner's Report 9
Statement of Financial Activities 10
Balance Sheet 11
Cash Flow Statement 12
Notes to the Cash Flow Statement 13
Notes to the Financial Statements 14 to 20
Detailed Statement of Financial Activities 21

Docusign Envelope ID: 8B73A3AC-AEE2-4E1F-A8B3-07F352D24655

First Give

Reference and Administrative Details for the year ended 31 August 2025

TRUSTEES S Mandelbaum B Frankfurt MF Durham JJ Langley (resigned 26/2/2026) DL Fielding A Ward F de Fabiani DIRECTOR I Jones REGISTERED OFFICE Pears Hub Haskell House 152 West End Lane London NW6 1SD REGISTERED CHARITY 1156416 NUMBER INDEPENDENT EXAMINER McMillan & Co LLP Chartered Accountants 28 Eaton Avenue Matrix Office Park Buckshaw Village Chorley Lancashire PR7 7NA

Page 1

Docusign Envelope ID: 8B73A3AC-AEE2-4E1F-A8B3-07F352D24655

First Give

Report of the Trustees for the year ended 31 August 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2025. 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).

OBJECTIVES AND ACTIVITIES Objectives and aims

The objects of the charity are:

Public Benefit

The trustees confirm that they have had due regard to the Charity Commission's guidance on public benefit when setting the charity's aims and objectives and in planning activities for the year.

What we do

Our vision is of a more generous society where all people are able and willing to give their time, money and skills to causes that they care about. Our mission is to create opportunities where young people are inspired and empowered to give their time, money or skills to charities and causes that matter to them.

To achieve this, our main charitable activity is the running of the First Give programme - a secondary school programme that engages students with their communities and inspires them to carry out social action projects (for example raising awareness or fundraising) in support of local charities. Through the programme, young people develop key professional skills as they advocate for the causes they care about. Small grants are made to charities chosen via the First Give Final competition in each school.

In addition to the First Give programme described above, we have been developing new programmes to ensure that as many schools and young people as possible can access our work. First Give One Day is a single day intervention introducing students to the charity sector and providing opportunities to learn about the impact of giving. Students develop key skills throughout the day to help them deliberate and decide how to donate micro-grants from First Give to local charities working in their community.

Comprehensive and easy to navigate pages on our website provide details of how each programme works: - https://firstgive.co.uk/our programmes

By 2034 we aim to reach a million young people, activating their generosity through our programming. We will aim to work in 30% of schools in each region where we have a presence across England and Wales. This ambition will require investment and focus in order to broaden the reach of our activity. However, growth alone is not our objective. We aim to deepen impact as we expand. For this reason, we will work over the next three years to centre young people's voices in our decision making better, and to further develop evaluation of our impact with a view to deepening as well as broadening our work.

First Give does not accept speculative grant applications.

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Docusign Envelope ID: 8B73A3AC-AEE2-4E1F-A8B3-07F352D24655

First Give

Report of the Trustees

for the year ended 31 August 2025

ACHIEVEMENTS AND PERFORMANCE Charitable activities 2024/2025 was the first year of our new three-year plan, where we intend to:

  1. Develop First Give's organisational sustainability and foundations for growth.

  2. Grow the Core: deliver the First Give programme to at least 116,000 young people between 2024 and 2027.

  3. Innovate at the Core: develop and pilot a new secondary programme.

  4. Innovate in an 'adjacent' delivery space: develop and expand our primary programme.

  5. Accelerate and further innovate: boost successful innovations and explore new ways to reach young people at scale.

For each year of our current three-year plan, we identified specific tasks under each of these goal areas. This report summarises our achievements against these tasks and the first year of the plan.

Develop First Give's organisational sustainability and foundations for growth

This year, we developed our new Theory of Change. It will support our fundraising and improve our ability to articulate our impact and ensure that depth of impact remains critical as we scale.

You can see our full Theory of Change online at https://firstgive.co.uk/wp-content/uploads/2026/02/Theory-of-Change.pdf

We also focused on planning for delivery of our programmes, mapping out ten years of regional hub growth. Our planning process has included forecasting the staff, infrastructure and resources required to support this growth. This work positions us to scale with purpose, deepening our regional presence, and delivering even greater value to the communities we serve.

To enable this growth, we will need to invest in income generation. Our new fundraising strategy articulates how we plan to diversify and grow our income by:

  1. Retaining and deepening existing partnerships

  2. Proactively identifying, engaging and applying for larger scale grants from trusts and foundations

  3. Developing a clear case for support and fundraising campaign to attract philanthropic investment

  4. Building a menu of opportunities and case for support to engage corporate partners.

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Docusign Envelope ID: 8B73A3AC-AEE2-4E1F-A8B3-07F352D24655

First Give

Report of the Trustees for the year ended 31 August 2025

We're proud to have made meaningful progress across all areas of this plan, and the trustees have approved investment in new approaches to strengthen our work in this area. This will include the expansion of our fundraising team, with new members joining us during 2025-26 to help drive our next phase of growth. Perhaps most notably, we are looking forward to launching our "Route to a Million" campaign in 2026, engaging new supporters to help us raise £1.5 million over the next three years to accelerate our growth trajectory.

Income grew by 2.4% from 2023-24 to 2024-25. Investment over the course of this year will support us to continue this growth trajectory.

As part of our commitment to preparing for growth, we've made important progress in reviewing and updating our governance and HR processes. This year, we rewrote our staff handbook and HR policies and began a comprehensive audit of key organisational policies. These improvements lay the groundwork for a stronger, more resilient organisation as we scale our impact.

Over the course of the year, we have increased our online communication via our blog and social media channels. We launched a writing competition for young people to send us articles explaining the impact of First Give in their own words.

More widely, we continue to advise and participate in national conversations on philanthropy, youth social action and character education. This has included contribution of a First Give case study to Dr Alison Body's book, "Children as Change-Makers; Unleashing Children's Real Philanthropic Power".

We also contributed to an article by Anna Patton titled "How do we Break Out of Pity? Reframing Children as Philanthropic Citizens" published in the Non-Profit Quarterly online. Within the article, the First Give programme was used as a positive example of philanthropic education in schools.

Grow the core: The First Give programme

This year we aimed to deliver between 190 and 200 programmes, reaching 34,200 - 36,000 young people.

We are pleased to report that we were able to deliver 191 programmes. 36,516 young people participated in these programmes (compared to 35,230 last year). This meant that £191,000 was redirected to local charities and causes chosen by young people. In addition to this, around £103,000 was raised by young people themselves through their social action. This represents a 29% increase on last year.

The First Give programme in numbers:

In total, since First Give launched in 2014, the charity has regranted over £1.6million to charities championed by over 270,000 young people who have participated in the programme. Those young people have also raised a total of more than £537,640 and given hundreds of hours of their time to charities they care about.

Outcomes for young people:

We ask teachers and students to complete surveys to help us understand how successful we have been in achieving the outcomes in our Theory of Change. These figures are based on responses from 1,682 students who presented at their school's First Give Final:

Young people are better informed about the issues affecting their community

Young people have the skills, attributes and confidence they need to give effectively

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Docusign Envelope ID: 8B73A3AC-AEE2-4E1F-A8B3-07F352D24655

First Give

Report of the Trustees

for the year ended 31 August 2025

Young people are more likely to give to charities and causes that matter to them

This year we collected dozens of stories and testimonials from young people, teachers and charities demonstrating the impact of the programme. A short case study followed by a selection of testimonials is included below:

Learners win Judges' praise at Pencoed Comprehensive School First Give Final:

As an inclusive school, Pencoed firmly believe that every pupil has the right to reach their full potential, regardless of academic achievement level. After watching their First Give Final presentations, it was the learners from Class 9.1, championing Community Furniture Aid, who stole the Judges' hearts. Their presentation earned a special commendation for its courage and clarity. For these students, who are supported by Ty Ewenni, the school's centre for moderate learning difficulties, standing up and speaking publicly was a bold new challenge. They rose to it with grace and determination.

First Give aims to provide all young people with the opportunity to become change makers, to feel empowered and instil self-confidence. Ms Perkins, 9.1's class teacher, summed up her learners' experience for us. "They loved every minute of it and couldn't wait to come and tell me how they had done…the First Give project was very beneficial for my pupils. It let them have ownership of their learning and they enjoyed the experience."

Jeremy Langley, First Give Trustee, reflected: "The students who represented Community Furniture Aid spoke with such confidence and care. The magic of the First Give programme was on full display - a platform where every young person can make a meaningful impact." For the learners of 9.1, the message was clear: when given the chance, they can lead change with heart, purpose, and pride.

First Give provides the platform and structure for all learners to engage and to unlock their potential. Young people will do amazing things if you give them the opportunity to do so and the First Give programme provides young people with the knowledge and skills as well as the platform to make a difference. It's clear the students from Pencoed have really demonstrated this and made it their own. This positive impact will be felt for years to come.

Additional Testimonials:

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Docusign Envelope ID: 8B73A3AC-AEE2-4E1F-A8B3-07F352D24655

First Give

Report of the Trustees

for the year ended 31 August 2025

Innovation at the core: First Give One Day

In 2023-4 we undertook extensive conversations with school partners, young people and funders to identify potential ways to diversify our work. Pressure on curriculum time available for non-academic learning is a key challenge for schools, meaning that many are unable to "fit" the existing First Give programme into their timetable. With this in mind, we have begun the process of piloting a brand new programme, First Give One Day.

First Give One Day in numbers

These figures are based on responses from 782 students who took part in First Give One Day and 19 teachers. Questions were asked to help verify elements of our Theory of Change

Young people enjoy the act of giving

93% of students enjoyed the day.

93% of students feel they made a positive difference during the day.

Young people are better informed about the issues affecting their community

93% of young people told us they improved their awareness of issues affecting their community. 94% of young people said they understood how the money they gave would support the work of the charity.

Young people have the skills, attributes and confidence they need to give effectively

94% of young people told us they improved their skills in at least one of our key skill areas (organisation, teamwork and problem solving)

Young people are more likely to give to charities and causes that matter to them

84% of young people reported an increase in the likelihood that they would give time, money or skills to charity after the programme.

Giving feels good. That's why all First Give One Day participants are given the opportunity to give cash donations to charities that they learn about over the course of the day. Here are some reflections from a young person who participated at our partner school St Mary's and St John's CE School:

"Most people tried to divide the 5 coins as equally as possible, because everyone recognised the difficulty of making a decision between 3 worthy causes that were impossible to rank or compare. The dilemma of donation can be interpreted as a final lesson, a lesson of injustice. In the real world, it is not fair that people must choose to donate their money to one charity, because all charities deserve the money. However, if there are no donations, then no one is helped. In the real world, it is unfair that suffering itself exists, yet if we had no charities to quell the issue, then nothing would be done. The end of this day really emphasised the reason why charities do the work they do, and the significance of helping people in need."

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Docusign Envelope ID: 8B73A3AC-AEE2-4E1F-A8B3-07F352D24655

First Give

Report of the Trustees

for the year ended 31 August 2025

Other reflections from teachers and students include:

Adjacent innovation: First Give Primary

We extended our First Give Primary pilot with six primary schools in London and South Wales, testing the viability of the programme for scaling. This year 368 children took part in the programme.

Schools that do take part in the programme consistently give positive feedback and the value of the programme is clear from testimonials and research undertaken by our team.

Observations by the team and from teachers included:

However, these positive outcomes were increasingly outweighed by the time, resource, and cost required to secure participation from schools. Retention from last year to this year was poor, and we found that primary schools were in many cases unable to commit to the financial contribution of £400.

After careful consideration, the Board therefore decided to discontinue the primary programme next academic year, focusing instead on other areas of our work to drive growth and impact. This decision ensures resources are used where we can achieve the greatest impact and reach, in line with our strategy and ambition.

FINANCIAL REVIEW

Despite a challenging fundraising environment, total income grew by 2.4% to £907,531 (2024: £886,112). Total expenditure grew by 5.6% to £858,118 (2024: £812,381) reflecting investment in delivering our new strategy and three-year plan - strengthening the organisation for the future.

At 31st August 2025, First Give had £388,471 of unrestricted reserves, representing around 4 months of operating costs, based upon expected operating costs for 2025/2026. First Give's reserves policy is that the organisation should strive to have between 3 and 6 months' worth of expenditure in unrestricted reserves.

The financial year for 2024/2025 concluded with a surplus of £49,413. This surplus reflects a strategic decision to phase planned investments over a longer period following our recent strategic review. Adjusting the timing of this work enabled First Give to strengthen its reserves in line with policy while ensuring the charity remains well positioned to deliver planned delivery and innovation in the coming year. Restricted funds were spent fully in line with donor intentions.

In this report the trustees have reviewed First Give's financial performance and the general reserves position. They are satisfied that First Give has adequate financial resources and is able to manage the business risks beyond the end of the next 12 months and that the charity is therefore a going concern.

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Docusign Envelope ID: 8B73A3AC-AEE2-4E1F-A8B3-07F352D24655

First Give

Report of the Trustees

for the year ended 31 August 2025

FUTURE PLANS

We are proud of our progress in the academic year 2024/2025, laying the foundations for growth. Moving into the new academic year, our ambitions are clear. We will:

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

First Give is a Charitable Incorporated Organisation (CIO) registered in England and Wales. The CIO (registered charity number 1156416) was established by CIO constitution on 27 March 2014.

The charity is overseen by its Board of Trustees. In the financial year 2024/25, 7 members served on the Board, per the details at the beginning of this report. Under the charity's governing document, trustees are appointed to the board for an initial term of three years, after which they may be re-appointed for terms in accordance with the constitution. No trustee may serve more than three consecutive terms. New trustees are appointed by a resolution of the existing trustees. In selecting new individuals for appointment, trustees are required to consider the skills, knowledge and experience needed for the effective administration of the CIO.

In line with these constitutional provisions, the board has strengthened its approach to trustee recruitment over the course of this year. Vacancies are filled through an open and transparent process, informed by a skills audit of the board and the strategic needs of the charity. Opportunities are advertised through appropriate public channels as well as through the charity's own networks in order to attract a diverse range of candidates.

The induction process for newly appointed trustees has now been standardised and improved to ensure all new trustees receive:

No external body or individual has the right to appoint trustees under the constitution.

The Trustees meet quarterly to review finances, set priorities and review progress against the strategic plan. Operational responsibility for delivery against the plan is delegated to the Director.

Approved by order of the board of trustees on 13 April 2026 and signed on its behalf by:

.................................................................. DL Fielding - Trustee

Page 8

Docusign Envelope ID: 8B73A3AC-AEE2-4E1F-A8B3-07F352D24655

Independent Examiner's Report to the Trustees of First Give

Independent examiner's report to the trustees of First Give ('the Charity')

I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 August 2025.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year (under section 144(2) of the charities Act 2011 ('the 2011 Act')) and that an independent examination is required. Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of the Institute of Chartered Accountants in England and Wales which is one of the listed bodies.

It is my responsibility to:

To state whether particular matters have come to my attention.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

Have not been met; or

JFD McMillan

McMillan & Co LLP Chartered Accountants

Date: 13 April 2026

Page 9

Docusign Envelope ID: 8B73A3AC-AEE2-4E1F-A8B3-07F352D24655

First Give

Statement of Financial Activities for the year ended 31 August 2025

Unrestricted
Restricted
funds
funds
Notes
£
£
INCOME
Donations and legacies
3
357,151
386,921
Charitable activities
5
Education
145,450
-
Investment income
4
18,009
-
Total
520,610
386,921
EXPENDITURE ON
Raising funds
6
75,184
14,455
Charitable activities
Education 7
392,740
372,466
Other
3,273
-
Total
471,197
386,921
NET INCOME
49,413
-
RECONCILIATION OF FUNDS
Total funds brought forward
339,058
-
TOTAL FUNDS CARRIED FORWARD
388,471
-		 2025
Total
funds
£
744,072
145,450
18,009
907,531
89,639
765,206
3,273
858,118
49,413
339,058
388,471		 2024
Total
funds
£
722,809
145,558
17,745
886,112
19,127
790,201
3,053
812,381
73,731
265,327
339,058

The notes form part of these financial statements

Page 10

Docusign Envelope ID: 8B73A3AC-AEE2-4E1F-A8B3-07F352D24655

First Give

Balance Sheet 31 August 2025

Unrestricted
Restricted
funds
funds
Notes
£
£
FIXED ASSETS
Tangible assets
13
2,016
-
CURRENT ASSETS
Debtors
14
60,488
-
Cash at bank
575,553
-
636,041
-
CREDITORS
Amounts falling due within one year
15
(249,586)
-
NET CURRENT ASSETS
386,455
-
TOTAL ASSETS LESS CURRENT
LIABILITIES
388,471
-
NET ASSETS
388,471
-
FUNDS
16
Unrestricted funds
TOTAL FUNDS		 2025
Total
funds
£
2,016
60,488
575,553
636,041
(249,586)
386,455
388,471
388,471
388,471
388,471		 2024
Total
funds
£
859
5,793
456,838
462,631
(124,432)
338,199
339,058
339,058
339,058
339,058

The financial statements were approved by the Board of Trustees and authorised for issue on 13 April 2026 and were signed on its behalf by:

............................................. DL Fielding - Trustee

The notes form part of these financial statements

Page 11

Docusign Envelope ID: 8B73A3AC-AEE2-4E1F-A8B3-07F352D24655

First Give

Cash Flow Statement for the year ended 31 August 2025

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash provided by investing activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end
of the reporting period		 2025
£
103,086
103,086
(2,380)
18,009
15,629
118,715
456,838
575,553		 2024
£
125,148
125,148
(1,289)
17,745
16,456
141,604
315,234
456,838

The notes form part of these financial statements

Page 12

Docusign Envelope ID: 8B73A3AC-AEE2-4E1F-A8B3-07F352D24655

First Give

Notes to the Cash Flow Statement

for the year ended 31 August 2025

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES OPERATING ACTIVITIES
2025 2024
£ £
Net income for the reporting period (as per the Statement of
Financial Activities) 49,413 73,731
Adjustments for:
Depreciation charges 1,223 599
Interest received (18,009) (17,745)
(Increase)/decrease in debtors (54,695) 4,092
Increase in creditors **125,154 ** 64,471
Net cash provided by operations 103,086 125,148

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1/9/24 Cash flow At 31/8/25
£ £ £
Net cash
Cash at bank 456,838 118,715 575,553
456,838 118,715 575,553
Total 456,838 118,715 575,553

The notes form part of these financial statements

Page 13

Docusign Envelope ID: 8B73A3AC-AEE2-4E1F-A8B3-07F352D24655

First Give

Notes to the Financial Statements for the year ended 31 August 2025

1. 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 uncertainties about the charity's ability to continue as a going concern.

The presentational currency of the financial statements is the Pound Sterling (£). The amounts in the financial statements have been rounded to the nearest £1.

2. 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.

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 cost 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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 33% on cost

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 specific purposes.

Restrictions are usually geographic in nature.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

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Docusign Envelope ID: 8B73A3AC-AEE2-4E1F-A8B3-07F352D24655

First Give

Notes to the Financial Statements - continued for the year ended 31 August 2025

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Financial instruments

Financial instruments are recognised when the charity becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

3. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
2025 2024
£ £
Donations 744,072 722,809

Donations during the period were received from the following:

abrdn
Allen & Overy Foundation
Britford Bridge
Garfield Weston Foundation
Individuals - Big Give
Inthallo
Jack Petchey Foundation
John Lyon's Charity
Justgiving donations
Lansdowne Partners
Michael & Betty Little Foundation
Richard Little - Big Give Match
Schroder Charity Trust
The Buffini Chao Foundation
The Dulverton Trust
The Edward Cadbury Charitable Trust
The Eveson Trust
The Gosling Foundation
The Lower Green Foundation
The Pears Family Charitable Foundation
The Rank Foundation
The Shanly Foundation
The Simon Gibson Charitable Trust
The Westminster Foundation
Town Centre Securities
Wixamtree Trust		 Restricted
£
-
-
-
-
-
-
186,799
-
-
15,000
-
-
-
26,500
40,000
4,000
10,000
5,000
-
-
50,016
3,000
9,714
9,892
20,000
7,000
386,921		 Unrestricted
£
-
-
10,000
-
-
30,000
-
37,000
151
-
5,000
-
-
-
-
-
-
-
55,000
220,000
-
-
-
-
-
-
**357,151 **		 2025
£
-
-
10,000
-
-
30,000
186,799
37,000
151
15,000
5,000
-
-
26,500
40,000
4,000
10,000
5,000
55,000
220,000
50,016
3,000
9,714
9,892
20,000
7,000
744,072		 2024
£
19,990
9,903
-
20,000
15,167
10,000
166,600
-
12,099
-
40,000
15,000
5,000
26,250
40,000
-
-
-
42,000
243,400
30,000
-
-
-
20,000
7,400
722,809

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Docusign Envelope ID: 8B73A3AC-AEE2-4E1F-A8B3-07F352D24655

First Give

Notes to the Financial Statements - continued

for the year ended 31 August 2025

4.
INVESTMENT INCOME
2025
£
Deposit account interest
18,009
5.
INCOME FROM CHARITABLE ACTIVITIES
2025
Activity
£
Schools
Education
145,450
6.
RAISING FUNDS
Fundraising costs
2025
£
Fundraising resource
89,639
7.
CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
Direct
(see note
Costs
8)
£
£
Education
563,959
201,247
8.
GRANTS PAYABLE
2025
£
Education
201,247
The total grants paid to institutions during the year was as follows:
2025
£
Grants
201,247		 2024
£
17,745
2024
£
145,558
2024
£
19,127
Totals
£
765,206
2024
£
190,000
2024
£
190,000

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continued...

Docusign Envelope ID: 8B73A3AC-AEE2-4E1F-A8B3-07F352D24655

First Give

Notes to the Financial Statements - continued for the year ended 31 August 2025

9. SUPPORT COSTS

Governance
Finance
costs
£
£
Other resources expended
1,953
1,320
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2025
£
Independent examination
1,320
Depreciation - owned assets
1,223		 Totals
£
3,273
2024
£
1,220
599

10. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

11. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024.

Trustees' expenses

During the year trustees' expenses were paid totalling £Nil (2024; £Nil) relating to travel expenses.

12. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Staff		 2025
£
320,247
26,706
16,412
363,365

2025
8		 2024
£
318,781
28,738
14,935
362,454
2024
8

The Director's emoluments in the period totalled £67,500. No other staff member had emoluments in excess of £60,000.

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Docusign Envelope ID: 8B73A3AC-AEE2-4E1F-A8B3-07F352D24655

First Give

Notes to the Financial Statements - continued

for the year ended 31 August 2025
13.
TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 September 2024 4,278
Additions 2,380
At 31 August 2025 6,658
DEPRECIATION
At 1 September 2024 3,419
Charge for year 1,223
At 31 August 2025 4,642
NET BOOK VALUE
At 31 August 2025 2,016
At 31 August 2024 859
14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Prepayments and accrued income 60,488 5,793
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade creditors 32,592 4,301
Social security and other taxes - 7,023
Accruals and deferred income **216,994 ** 113,108
249,586 124,432
16.
MOVEMENT IN FUNDS
Net
movement
At 1/9/24 in funds At 31/8/25
£ £ £
Unrestricted funds
General fund 339,058 49,413 388,471
TOTAL FUNDS 339,058 49,413 388,471

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Docusign Envelope ID: 8B73A3AC-AEE2-4E1F-A8B3-07F352D24655

First Give

Notes to the Financial Statements - continued

for the year ended 31 August 2025

16. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund
520,610		 (471,197) 49,413
Restricted funds
Schools
386,921		 (386,921) -
TOTAL FUNDS
**907,531 **		 **(858,118) ** 49,413
Comparatives for movement in funds
Net
movement
At 1/9/23 in funds At 31/8/24
£ £ £
Unrestricted funds
General fund
235,206		 103,852 339,058
Restricted funds
Schools
30,121		 (30,121) -
TOTAL FUNDS
265,327		 73,731 339,058
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund
560,969		 (457,117) 103,852
Restricted funds
Schools
325,143		 (355,264) (30,121)
TOTAL FUNDS
886,112		 (812,381) 73,731

Restricted funds were used to fund the First Give programme in either certain named schools or schools in a named region or for specific projects, such as specific staff roles.

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Docusign Envelope ID: 8B73A3AC-AEE2-4E1F-A8B3-07F352D24655

First Give

Notes to the Financial Statements - continued for the year ended 31 August 2025

17. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2025 or for the year ended 31 August 2024.

Page 20

Docusign Envelope ID: 8B73A3AC-AEE2-4E1F-A8B3-07F352D24655

First Give

Detailed Statement of Financial Activities for the year ended 31 August 2025

INCOME
Donations and legacies
Donations
Investment income
Deposit account interest
Charitable activities
Schools
Total incoming resources
EXPENDITURE
Fundraising costs
Fundraising resource
Charitable activities
Salaries
Social security
Pensions
Programme development
Office costs
Computer equipment
Grants to institutions
Support costs
Finance
Bank charges
Governance costs
Independent examination
Total resources expended
Net income		 2025
£
744,072
18,009
145,450
907,531
89,639
320,247
26,706
16,412
160,682
38,689
1,223
201,247
765,206
1,953
1,320
858,118
49,413		 2024
£
722,809
17,745
145,558
886,112
19,127
318,781
28,738
14,935
164,014
73,134
599
190,000
790,201
1,833
1,220
812,381
73,731

This page does not form part of the statutory financial statements.

Page 21