Company regisirdiion number.. 9017447 Charity registraFion numter.. 1159j?O TheGivingMachine (A company lirnid by suarnnlee) Annual Reporr aTrJ Financial &aiemenr5 ror t Year Ended 31 tk¢ernbEr 2022 'jccxpC. 2710912023 COMPANIES HOUSE JNI *1a8 Hopper &, Co Chanered Accountsnts & Re¥i51ered Audiiors 6 Doagh Road Ballyclar¢ Co Anirim BT)9 9BG
TheGivingMachine Reference and Administrative Details Trusltes fvlr M Rogers Ms C J Hatiftell Mr P M 8unenvonh MrN Ahmed Mrs R Ja¢kson Senior Man8gemenl l Lelldership Mr R Morris. CEO Tt8m Chrity Rtgistratiort Number 1159i20 Company R¢gistriiort Number 9017447 The charity 15 inCooraled in England. 14A Grnnge Park Bishop's Siortfe Henfordshire CM2) ?HX Regisiertd Offite Independent Examiner Hopper & Co (Jartered Accountsnts & Registered Audil¢)rs 6 t)oagh Road Ballv£lare Co Antrim BTi9 9BG Page I
TheGivingMa¢hine Trustees, Report The irustees, who are directors for ihe PUTFKJSts of company law: preseni ihe annual repon tOBeiher with ¢he financial staiements of lh¢ ¢hariMble ComY foT ihe year ended 31 tkcember 2022. Objecliv¢s and aclivities Objects oiid The charity's objective5 are io enable giwng io be an irtclu$ive behavityjr choice for everyone who buys online lo generate free dortation$ for ihe UK based charitsble causes of iheir choi¢e. P¢ilJlle behejli ro promote the efficiency and effeciivenes5 of ¢hariiies, noi for profil organtsations and voluntary organisations in particular. bui not exclusively, by Proming chariiable givtng through giving servi¢¢5 which apply technology and beha¥'iournl scitnce. providing irdinin& advice and support to chariiie5 in the use of eomiMyTricalion media and promoiing volunreering by donots and p)$ilve donors io charilies for ihe public beneftt. The tTUSlttS confirni thai they Trrdve cofflplied with the requirements of seciiM 17 of the Charitie5 Aci 2011 10 have ikne regard io ihe public benefil 8uithnce published bv the Chariry Commission for England and Wale5. Going concer Ai ihe iin)e of approving the a¢¢oun. the Trusiees have a reasonable expeerntion ihai the charity has adequate resources ro continue in operaiional existerTrce for ihe foreseeable future. Thus ihe Trusiees continue ro adopt the £oing concern basis of accounting in prewdring th¢% financial sraiemenrs. The charity has a ner liabiliries position at the year end but ihe mjsfees remain COnfent thai suffbcieni res<Jurtes ivill be available a5 debt finance io fund any shortfall$. Trustees 8nd officers The mJs1tt5 and officers serving during the year and since the year end tTe as follows: Trusiees.. Mr M Ro8t MY R D P Purctll (ReSigd 14 March 2023) Ms C J Harniell Ms R E Williamson IResigned 14 March 202i) MT P M Butterwonh Mr N Ahmed (appoinied 14 March ?02)) Mrs R Jackson (appointed 14 March 2023) Senior Managemeni l Le8deT5hip Teain.. Mr R Morri% CEO 5trtscturey govern4nc¢ management olur¢ (Jfxovernlng rfocutt*iJt The Chariws governin8 dcUment is the Memorandum And Articles of Association. In ihe eveni of the company being wound up Trusiees are required io contribute £1.
TheGivingMaehint Trustees. Report Recrullmeni ondappoinimeni osfftuiees Under ihe requirefnents of ihe Memorandum and Articles of Associaiion the Trumtts of ihe Chariry are eleed io serve for a period of up io ihree years after which ihey rnu be Ye-e]ected. The Charity seeks io eTh5ure thar Tnle¢S with a range of expeTience from wiihin ihe b51$5 profession serve on the 8oard. In ihe event of panicular skills and experience being losi Ihje io reiiremeni, irHlividua15 are approached to offer themselves for eleciion 10 the Charity. Twsttts can serve up TO 3 ienns of 3 years after ivhich they 5tsnd do. Inrfuclioii t7ndirolfvi•pg ofirnmees M051 Trustees are familiar wilh the role of the charity throuJtp iheir Trusteeship of ihe chariTy. New Trusitts are provid¢d 1¢¥81 inforniation and are briefed on Iheir leoal obliJts lions and reswnsibilities as Tnjstees of a chariry Orguni$4lionalslriiciure The Charity is managed and direcied by its Tnlee5. Once Tvus*es are elecied. they serve for up 10 a rerm of i years aftd med ai leay four limes a yew. Trnsiee5 can serve up io J iems of 3 years afier which rhey musr srand Mfjjor nshs dndman4iemeni•lihose rfsAs Risk Monogemeni The Charity ha$ a risk managemenr str¥iegi' in plg¢e ithich ¢omprises an annual review of the major risks to which ihe charity is t.xposed, in prticular ihose related io ihe operdiion5 and finances of the company, And ihe esrablishment of systems and PedureS to millt those risks The Trysiee5 are saiisfied that systems are in place io miiigate exposure 10 the major risks. A key element in Ihe managemeni of financial risk is the sening of a reseTres policy and lis regular review by irusttts Finaocial instrument5 Objeeiiwes ondpoliciex The charitys activilies expose if io a number of financial risks includin8 credil risk, ¢a$h fiow risk and liquidiry Tisk. Cfjshflow InreSt bearing assets and liabilities are held at fixed ratrs io ensll certaty of cash flows. Credil risk The chariiy's win¢ipal Fin¢181 assets are baDk balance5 and cash. The credit risk on liquid fvnd5 is limiied E¢cau5e the counterparties are banks with high credii•ratings assigned by iniemaiional credii-raiing agencies. The ¢hariry has no signiftcani con¢eNr81ion of ¢rediT risL. with exposure spread over a lar8e number of counttrpanie5 and cusiomers. Page i
TheGivingMaehine Trustees, Report Liquidity ris In order to maintain liquidiry io en5we thai sufficieni fijnds are a7fdilable for ongoing operations and fulure developmenis, the ¢harity uses a mixwr¢ of lon8-reTm and shon-ierni de finan¢e. Funl)er derails y81g liquidity risk can be fLwnd in ihe Statement of ACCnI18 Policies in the financial $t•i¢menis. FuThds held as eusiodian trustee on behalf ofoihers Included %viihin ¢urrerti assers and ¢rediiors are arnounrs Telaiing to benefiary allo¢arions held by the charity. These amounis have been ring-fen¢ed by the trttS and may be paid in lint with the tharily's policy on charitable paymertls. Statement of trustets, resportsabilitie5 The Irustees I10 are also the directors of TheGivingMachine for ihe purposes ofeomplny law) are responsible for Preparing ihe trusiees. report and rh¢ financial siarements in accordance with applicable law and United Kingdom Accouniing Standards (Uniied Kingdom Gtn¢r¥lly Accepied Accouniins Prac(ice), includin8 FRS IQ2 "The Financial Reponing Standard applicable in the UK and Republic of Ireland" The report and accounts have bEEn prepared in accordanc¢ wilh the provisions in ihe Companies Aci 2C¥J6 relatin8 fo small Cixnpanies. Company law requires ihe trusttts io prepare fin•¢io1 suitmenis for each financial year. Under company law the trusiee5 mu51 noi approve ihe financial siaiemenis unless Ehey are saTisfied thai ihey give a mje and fair vieiv of ihe stat¢ of aff?iT5 of ihe charirable company and of ihe incoming resourcts and applicaiion of resources, including its income and expenditure. of the charitable company ftir that period. In preparing ihese financial siaiemenis ihe trusrees are required EO: select suitable a¢couniing policies and apply them consiyenily. observe ihe merhod5 and principks in the Chariiies SORP- make judgements and e51imat¢5 th)1 are reasonable and pnthni; ate ivheth¢r appli¢aWe accounring swidards. umiprising FRS 102 hayc been folled, subjeci ro anv maierial depanures diKlosed ¢xplained in firwicial swemenis. and prepare the finan¢ial 51aiements on the going concern b&81$ unless it 1$ inapprowiaie io Fnsume thai the chariiablt comparty will ¢oniinye in tsinesS_ The Irusiees are spOnsible for keeping priyer accowliins record5 thar can diKlose wilh reasonable accuracy ai any lime the financial position of the charitable company and enable ihem ro ensure Ehai the financial siaiemenrs Comply sviih ihe Cornpanies Aci 2006. They are also resp)nsible foT safeLtuardin8 the assds of the charitable ompony and hence for kIng reasonabk STeps for the prevenrion and deieciion of fraud and oiher iffegularitie5. The inisieeg are responsible for the mainrenance and inteority of the corporaf¢ and financial infomiaiion included on Ihe charitable company's M'eb5iie. Legislation governing ihe prepardtion and disse1hin10n of rinanrial S1cMents May differ legislation in her jurisdi¢iioAS. Small ¢ompanie5 provision statement This report has been prepared in a¢cordance wilh the small companies. Itsirne under the Companie5 Act 2006. Page 4
TheGiviDgMachine Trustees. Report The annual report was op ved by the irweeg of the chariry on ?4 Augu5r 202) signed on lis behalf by.. Mr M Rogers Trusree Page 5
TheGivingMachine Independent Examiner's Report to the trustees of TheGivingMachine ('the Company.) I reprt to ihe charity rru5tees on my examination of the attounts of the Company for the year ended 31 Decejxber 2022. Responsibilliies and basis of repori A5 the charity'$ trustees of the Company (d a150 irs d[reu0 for the purp)ses of ¢ompany l#w} you are responsible for the prepamion of ihe accounts in accordance with the r¢quiremen¢S of the Companies Acr 2006 I'iht 2006 Au ). Having satisfied myself that lh¢ accounts of the Company are noi required io be audited under Part 16 of ihe 2006 Acl and are eligible for indenden1 examinaiion, l rtFrf)rt in respeci of my examinaiion of your chariiy's accounts as Carried our under secrion 145 of the Charities Ati 2011 {'the 2011 Aci.). In carrying (M]t rny examinaiion I havt folloived the Directions given by the Charity Commission under secritin 145{5Xbl of the 2011 A¢t. Independent examlner's staitmÈnt Since the Company'$ grots Income exceeded £250,0 yr examiner mu51 br a rnember of a body lisied in section 145 of ihe 201 l Act. I confirni ihai l am qualified to undertake the examinalion because l am a member of Chanered ACC4nIartts Irtland, which is (ff of ihe I1¢d b(dies. I Itave tompleied my examinaiion. I confimi th no Matte have ¢ome io my attention in conneciion with ihe examinaibC¥) giving me rause io believe= accouniins records were noi kept irt respeu of TheGivin8Machine as required bv seciioft i86 of the 2006 Art: or 2. the accounts Ik) noi aryord with ihose records; or 3. Ihe accounts do noi comply with Ihe accountin8 requirements of section 396 of rhe 2006 Aci other ihan any requiremeni Ihai the accou give a 'true and fair view whi¢h is Doi a maller considered part of an independent examinaiion. or 4. Ihe accounts have not been weped in #¢rdance wilh the mdh(wJs and principles of ihe Statemenl of Recommended Praciice for aecouniirtg and rep)rting by chariries [applicable to charilieg wtparing their ac¢ounts in accordance with ihe Financial ReK)rting Siandard applicable in ihe UK and Rewblit of Ireland (FRS 10211. I have no concerns and have come across no other matteTS irt ¢onnecrion wilh the examinaiion io ivhich attentton should be wn in this repon in order io enable a proper understhnding of the accoun to be reached. S Hopper F Chaftered A¢counthnts & Res1cred Auditors Chartered A¢¢ounianis Iland 6 Doa¥h Fioad Ballyclare Co Anirim Bf)9 9BG 24 Augu$¢ 2023 Pa8e 6
TheGivingMachine Statement of Financial Activilies for the Ye*r Ended 31 December 2022 (Including Income and Expenditure Account and Statement of Tolal Re¢ognised Gains nd Losses> Unrestritted runds Total 2022 Note Income and Endoivment5 from: DortaTions and leJo cies Charitftble activiiies InvesTmenr incomt 34,5) I 2i6.157 55 34,53 2)6,157 55 Total income 270.743 ?70.743 Expenditure on: ChaTitable activities Total expenditUTe Nei expenditure Nei movement in fvnds (29i,388) (295.388 24.645 (24.045) (24,645) Reeoneiligtion of funds Total funds brought fonyard Total funds ta1 fonvard (490.i71 (490.571) (515.216) 18 (515.216) UTrr¢siri¢ted funds 2021 Note Incone 8nd Endowment$ from- Donaiions and leJ¢ies ChariTable aciiviiies Investment income il.970 236.276 31.970 ?36,276 Total income 268.2 268.290 Expendiiure on.. Charitabl¢ a¢tiviii¢s 288.765 288.765 Toial expendiliire Nti expenditure 1288.76)) 288,76i (?0.475 (20,47 Net movemenE in funds (20.475) (?0.475) Reconciliation of funds Toial funds broughr foT%vard Toial funds Carried f0Thrd (470.095) (490.570) (470,095) (490,570 18 All of The chariry's activiiies derive from coniinuintt Ope10n5 during the above periods. The fiEnds breakdoivn For 20?] is shown in note 18. The notes on F48e5 9 10 19 fo an inregral part of these financial sraremenrs. Page 7
Thecivingmachint (Registration oumber: 9017447) Balance Sheet as at 31 Dteember 2022 2022 2021 Note Fixed assets Intangible assets Tangible asseLS 12 26.019 571 39,025 26.590 44,911 Current assets Debior5 Cash ai bank and in hand 14 15 1.400 j.?00 43,225 46.425 CredTrtgr5- Amounts f¥lliwg dwe witljin owje yur 16 (46,822) (47,759) Net cwrrenl liabilities 2,669 (l.i34) Total asset$ less ¢yrrent li&bilili 23.921 43,577 crlI0r5. Amounts f#lliwJg dut after mort than one year 17 539 137) 15i4,147 Nti liabilities 515 216 {490,570) Funds of ihe tharity: Vnre5tri¢led income fund$ Urtresiricied fund5 515216 (490,570 18 515,216) (490,570 F¢y ihe finan¢ial ye¥ ending 31 December 2022 the charity vas ertli(led to exempiion froffl audir under section 477 of ihe Companies Act 2006 relaii08 10 Small companies. Dire¢tors' rtsp)llsibilities'. The membeTS have not required ihe ¢harÉty io obtsin an audit of its arwunts foT ihe year in question in accoanCe with section 476: and The direciors acknowledge iheir respsibIli11e5 for complying with the reqUiFernen of the Aci with respecr to accounting records and the pPaT3110n of accoun. These fin¢131 Sui¢M¢n have been wepated in accordance with the spe¢ial &vISIOnS relaiing to companies subject to rhe small ¢offlpaniES regime within Part I S of the Companies A¢t ?1))6. The financial statements on patres 7 10 19 wtre approved by ihe t$. and authorised for issue on 24 AugLbSt 202i and signed on ih r t¢half by: Mr M Rogers Trnsree The notes on pages 9 10 19 f¢)rm an iniegral part of these financial siaiements. Page 8
TheGivingMachin¢ Notes to the Financial Statements for the Year Ended 31 December 2022 I Ch&rily $tstu$ The Charl. is limiied by guarantee, incoq)OEated in England. and consequenily d(5 Ilot hai'e share capilal. Each of the trusiees 15 liable io contribjie an amouN extteding £1 iowards ihe a[5 of the charity in ihe eveni of iquidation. The address of ils reglsiered orrice is.. 14A Grange Park rsishop'5 Sionford Henford5hire CM?3 ?HX These financial statements were authorised for issue by the trustee5 on 24 Aysu51202i. 2 Atcounting polieies Summary of signifie8nt att0tIg polities and key a¢countirtg estimates The principal accouniing policies applied in ihe prew41ion of ihese financial staiernents we set oui beloiy. These policies have been ccffjsisienily applied io all the years present wiless otlrwise pd. Statement of compliahte The financial $raI¢ni¢n have been wepared in aC¢OTdance wilh Accounting and Reportin by Charilies.. Siatement of Rt¢ommendcd Pfaciice (applicable to charilies preparing their aOUnts in accordance ii'ith the Financial Reporting Swidard applicable in ihe UK and Republic of Ireland (FRS 102)) (issued in Ociober ?019) (Charities SORP IFRS 102)). Iht Financial Rewjrtino Siandard applicable in the UK and Republic (If Ireland (FRS 10?)and the Companies Au ?(. BgSj5 of preparation TheGiYingMachine meets the dtfiniiion of a wblic benefii entity under FRS 10? Assets and liabilities are iniiially recognised ai himorical tost or transaciion luC unless oiherwbse staled in the relev1 accounting poliry noies. Coing CUAeern The financial statements haye Ixen prepawtd on a going concem b251& The INslee5 assess whether the use of goino concern 15 appropriaie i.e. iyheiher there are an)t material uncertainiies relared to evenis or Wbdilion5 Ihat may Ca signifKani doubt on The abiliry of ihe eharily 10 ¢onTiniie as a tsoing concern. The irnsitts make ihis assessmeni in respect of a period of one year from Ihe date of approval of the financial 51Jiements. Ineome And endomtnts All incom: is re¢ognised once ihe charity has eniiTlemeN io the irtcome. it is ptobAble thai the income %vill b¢ reeeived and the Jniouni of ihe income receivable can be measured Teliably. Pag¢ 9
TheGivingMa¢hiDe IYott5 to the Financial StgtemeDts for the Year Ended 31 December 2022 Donalioiis fjndl¢zoci DallonS ar¢ Trfogni%d ¥vhen the chariry has b¢en nofified in wriling of boih amouni and 5efflemeM date. In rhe ei'ent thaT a donaEi4)n is subjeci to condiiions thai require a level of perfoTfflance by the charity before ihe chariry is eniitled io lh¢ funds. Ihe income 15 deferred and noi recognised urtiil either ihose condilions are fvllv rner. or ihe fulfilmeni of those condiiions is wholly within the tontrol of the ¢hariry and li is probable ihat these ondiiions will be fulfilled in the repning periiwj. Expenditure All expendiiure is recognised once ihere is a le¥al or con5truciive d>lig41ion io ihai expendiwre. li 15 proboble settletHent 15 required and ihe amount can be me&%ured reliabty- All costs ore allocaied io the applicable expenditure heading ihai aggfegare similar costs io ihai category. Where costs cannot be directly attributed to panicular headings tho. hayt been allocated tsn a basis consisieni with the Ljse of reSe$, with central siaff cosis allocaied on ihe basis of lime spent. and dewetiation charges alloted on the Frtrtion of ihe assei-'s use. Other suppon costs are allo¢aied based on Ihe spread of aff costs. Ch4iittblÉ adlvilis charlble expendiiure comprises ihose costs incurwed by The charlty in the delivery of lis activities and service5 for its beneficiaries. li includes both costs can be alloced dirtctly to such activities and those costs of an indireci nature necessarv io supp)n them. Support Costs Support CO$ts include central fvn¢iions and hav¢ been allocaied io auivity cost calegories on a basis consisteni 'iih (he use of resources, for example, alli)cating propertv costs by llwr areas, or per Capi stsff costs by ihe time SFtnr and her costs by iheir usage. Governance tosts These include the ros tlbu[ab w the chwity'5 compliance wilh consi1110nal and siaiuLOlV requlremenrs. iiicluding audil. Straiegic manageffleni aThl trnsiees's. meetiTrgs and Ttimbursed expenses. Ta#iiDn The chariry is considered io pass the iests sei in Paragra&4b I SCIdle 6 of ihe Finance Aci 2010 and therefore it Ineeis ih¢ definition of a charitable ¢¢)mpany for UK CoOrali0 thx purposes. Accordingly. Ihe rhariD' is pjtentially e.¥empr froffl iaxation in respe¢1 (Jf incorne or upiial gains rweived within caieÈories roi'ered by Chapi¢r 3 Pan I l of the Corporation Aci 2010 or Seciion 256 of the Taxaiion of Chargeable Gaii)s Act 1992, 10 the exi¢ni thai such iome OT gaiDS are applied exclusively io charitable pury)oses. C,(rfxlwill Gt)odwill is amorti5ed over its useful life. which shall not exceed ien years if a reliable estimate of the useful life cannoi be made. Tangiblt fixtd assets Individual fixed as5eis cosiing £500.W or more are initially recorded at cost. Arnortisatlon Amortisarion 15 FKovid¢d on inwigible fixed assets so a5 10 wriit off the co. less any e51wnated residual value. over their expttied eful e¢<>nomi¢ life as follows: Page 10
TbeGivingMaehine Notes to Ihe Financial Statements for the Year Ended 31 December 2022 Asse¢ clas5 G(Mxlwill Amortisation melhod ?nd r81¢ IO% StraiJi Line D¢prttiatioTh and amortisalion Depreciaiion is provided on Eangible fixed assets so as io Tite ihe ¢osi or valuaiion. less any eyimated residual value. over their expecied usefvl economi¢ lif¢ as folloivs= Asset cla55 IT Svsiem5 FixtUTfS & Fittings Cornputer5 Depreciaiion melhod and r41e ?5% Straighi Lint 25Y• Siraighi Line 25Y• Straighi L"ine Trdde dtbiors Trade debtors are aMOts due from CUSTcrfners merchandise sold or services krrformed in ihe ordinary COUTse of business. Trade de0[$ are rec¢)sni5ed inili311y at ihe tr5¢0 prire. They are 5ub5equenily measud ai arnortised cosr the effective interesi fftethod, le55 provision for irnpaiTm¢nt. A wovi5ion for the irnpairTrFEnt of Trad¢ debrors is esiablished when Ihew¢ is obje¢iive eYiden¢¢ ihai ihe ¢hariry .111 be able io colkci all amounts due according io ihe orioinal iernis of the receivables. Cash and eash equi%'alenis Cash and c&sh equivklents ¢ompri ush on haTrJ and call dew)sits. and other shon4eTm highly liquid invemments ihAE are readily ¢onvertible to a kno1 am(Nmi of cash and are subj¢¢t TO ¥n instgntficant risk of change li) value. T..ade ¢redilcTS Ti2de crediTors ar- obligaiions TO pay for gcods or SL"rvices thai have been 2cquired ift the ordTrnary eoursc of bu)iness from suppliers. Accoutt payable are classified as curreni liabilitics if the th2rity does Tlot hJve an uncoThdifional risht. at the end of the rew>rling period. io defer settlement of Ihe creditor for ai leasT Th4'elve monih5 after ihe reporting date. If ihere is an unconditional right io defer settlement for al least h¥elve months •fter the reporting date. they are presenied as cUrrent liabiliites. Traoe credTiors reco.trnis¢d initialty ar th¢ tran5ariion and Sub5¢welY measured * amortised cosi using the effective in(eresi meihc4J. BL)rroivings Interes1-beIng borrowings are initially recorthd ai fair value. of wansa¢iion ¢osis_ Inieresi-bearing borroiyings are SLibsequently carried ai arnortised cosi. with ihe difference beiivetn Ihe proceeds, ner of transaciion ¢osi¥ ènd ihe amount due on redemwion iIng recogni5ed as a eharge io ihe STai¢menT of Financial AcElVllits over the perifyy of Ihe relevani borrowin& Inierem exFtnse is reco ised on the basis of the effeaive inttTesi rneihcKI and 15 included in inieresr PAyable ond similar charge5. Borrowing5 are classified as cuffeni liabilities unless the chan.ty has an uncondiiional righi To defer settlement tsf the liability for ai leasi e1ve months after The reportino dale.
TheGivingMachine Notes to the Fi#an¢ial Stattments for the Year Ended 31 December 2022 Fund structure Unresu'iu¢d inwme funds are 8eneral funds thai are availabk for use ai the wusiee5 discretion in funherance of the objeciives of the charity. Financial inserufflenls Classificoiioii Financial assets and finala1 liabiliiies are rttognised when the Charity becomes a party io Ihe ci)ntrOI provi$ions of the instrum¢ni. Financial liabilities and ¢quiry InsinentS are classified according io the subsiance of the conll7ctual an7noements entered inio. An ¢quiry inslryrneni 15 any contraci Ihai evidences a residual intere51 in the a5s¢is of the charity after deducting all of liabiliiTres. All financial asseis and liabiliiies are initially measured at transaction price (Including trdnsaction ¢osts), ex¢q>t for ihose financial &sseis cl&%sified &s at fair value through profil OT Ios5. which are iniliall>' mMured al fair value (ivhich 15 normally ihe traftsacTion price excluding Irdnsadion cosis). unless ihe arrangement ¢onsirtutes a tinaneing iransaciion. If an anangemeni constitutes a financing tr•nsauion, the financial as5ei or financial liabililv 1$ me15ured at the weseni vale of ihe (¥t payments dixounred ai a maFk'¢i ra¢e of interesi for similar deb¢ instrurneni. Financial asseis and liabiliiies are only otTw bn the statement of financial posiiion when. and Only when there e.¥ists a letsally enforceable righi io sd otT ihe recognised amounis and ihe thariry intends either to settle on a nei basis, or io realise ihe assd and senle the bla.11(Y simulianeously. Financial assets are derecognised when and only when a) Ihe conwa¢iual rights io ihe cash flows from ihe financial assei expire or are settled. b) charity transf¢T5 10 anoiher paTty subsianiially all of the risks and re%7rds of ownetship of the fLnan¢ial ass¢L or c) the ch8riry, d¢spii¢ having rdained some. bui noi all. Si8nifi¢ani risks and rewwds of owrtetship, h&% transfeffed ¢ontrol of th¢ a55rf to anoiher party. Financial liabilities are deTecognised only when the obligaiion SFttifted in ihe contract is diseharged, ean¢elled or expires. Page 12
TheGivingMa¢hine Notes to the Financial Statements for the Yvar Ended 31 Deeember 2022 Dehr iltsirunts Debi instrumenr5 which med the folknving condiiiiM)S ore subsequenily me•sur¢d at amortised cosi usino Ihe effe¢iive iniere5T meihod.. (a) The contractUAI return io th¢ holder is (i) a fixed unouni- (ii) a posiiive fixed raie or a M)silive variable fate; rtr (iii) a combinaiion of a Kx)sitive { 4 negative fixed r and a Frfjsiiive variable rnie. (b) The eontraci may provide for Fepayments of the prlncipal or ih¢ reiurn io the holder (bui noi bh} io be linked To a single relevant observable index of generdl prict inflaibon of the eurrei)¢y in which ihe debi insm]menl is denominared. provided such links 8rt noi levernged. (c) The eonntr Inay provide for i deierniinable vaTiaiion of the TettKn io the holder durino ihe life of ihe insmJmeni: provided thai (i) the new rate sisfies condiiion (a) and ihe variation is noi ¢oniingeni on fvwre events oiher rhan (l ) a ¢hange of a ¢onira¢iu&l variable rnie. <2) io proieci ihe hokjer againsi credii deierioraiion of ihe issuer: (J) changes in levies applied by a central bank or arising Irom changes in relevani aTiOn or law. or (li) the new rate is a markJ rnrt of inieresl and s•iisfs ¢ondiiion (a). (d) There is no conMcfual provision ihat could, by ITS iem)s. resuli in ihe holder losints the wincipal amount or any fftnteresT allributsble io tht curreni period or PTior peri$. (e) Coniractual provisions ihai pennii ihe issuer io prepay a debi instrument or pennii the holder io pui li back io the issuer before maiuriry are tlQT conTingeni on futurt events. her ihah io rKoie¢i the holder againy rhe credii dererioTation of ihe issuer or a change in cortThol of ihe i&suer, or 10 prcAe¢i ihe holder or issuer againsi changes in levies applied by a cenrdl bank or arisino from changes in relevani Taxaiion or ly. (D Corttr¥¢iual provisi0r may mIll ihe e.xiension of the terni of ihe de irthumeni. prnvhjed thai the rdurn io ihe holder and any other wovisions applicable during the exiended ierni satisfy the c()diiii)ns of paraoraphs (a) ro (c). Debi insffi]men ihai are classified as payable or receivable within one year on iniiial recognition and which meet ihe above conditions are measured ar ihe undi5counied amouni of the cash or other consideration expecied io be paid or r¢¢eiveQ net of impairnieni. Wilh rhe e.%ception of $orne hedging in5rrurnen other debt instruments not rneEILns these conditicpns are measured ai fair value throush profit or1055. ComTnimient5 to niake and receive loans which meei ihv wndirions rnentionrd alve are measured al Cost (Ivhich may be nil) less irnpatnnenL The best evidencE of fair Yalue 15 a quoted price for an identical ¥ssei in an aciive rnarket. V/hen quoted prices are unavailable. Ehe price of a receni iran5aciion for an ideniical asset provide5 ei'idence of fair value as long there ha5 not been a significant Chge in ttonomic circum51ances or a 5ignificani lapse of lime sinv the tran5aciion rook place. If ihe markei is noi aciive and Tec¢ni transaciions of an idenricJl assei on their own are not a gi>od esiimate of fair value, the fair value is esiimaied b). using a valua(ion rKhniquE. Page 13
TheGivingMaehine Notes ¢0 Ihe Financial Statements for the Year Ended 31 December 2022 3 Incorne from donation5 Ind legaeie$ UTrre5tri<ted funds General Total fund$ Donations and legacies: Donations fro] individuals i4.531 Total for 2022 34.5i I i4,5il Total for 2021 31,970 il.970 4 Income from ¢h*rii#blt adivilies Uthiestri¢ted funds Gerttr31 Tot85 f¥Jnds Charitable Activities 236,157 ?)6,157 Total for 2022 236 157 2J6,157 Total for 2021 236.276 936 270 S Investm¢nt in¢ome Unr¢5tri£¢¢d funds General Total fund5 Inierest receivable artd similar in¢ome- Interem rece5vable on bank deFx)Sits 55 55 Total for 2022 55 S5 Totsl for 202 1 44 44 6 Expendlture on Charitable activities Pa8e 14
TheGivingMa¢hine Notes to the Financial Statements for Ihe Year Ended 31 December 2022 Unrestricred funds Gener41 Totol funds J4ote Chariiable Aciivilies Depreciation. amort15aiion and other similar costs Alloeired 5uppon costs Goveman¢e cosis 247,660 18,3?1 ?7.607 1.800 ?47,660 27,607 1.800 Total for 2022 ?95.388 ?9 j,j88 Tot81 for 2021 288.765 ?88,765 Tot•1 txpenditure In addilityn to ihe expendiiure analysed at&)ve. Ihere are also governance cos15 of £1,800 (2021- £1,80QI i%,hirh relaEe dI¢t]Y to ¢h•r1ble activities. See nwe 7 for further de115. 7 Analysis of governance and support eosts Govtrnlnce costs Unresirieted funds Ceneral Toi•l funds Independent examiner fees Examinaiion of rhe finan¢iaS stsiemen 1.800 1,800 Total for 2022 1,800 1.800 Totsl for 2021 1,800 P3se 15
TheGivingM4ehine Notes to the FinaneiAI Ststemcnts for the Year Ended 31 December 2022 8 Iyet iftcomingloutgoing re$ources Nei outgoing resources for ihe year include- 2022 2021 Depre¢iaiion of fixed assets Amortisaiion of goodwill 5.ili 18,107 J Tru$tces remuntyation and expeftses No trusrees, nor any persons connected 'ith them. have Teceiyed any remuneraiion from the charity during ¢he yeaT. 10 Independent ¢x•rnin¢r's remuneration 2022 2021 . Examination of the financial sraiements 1.800 1.800 I l T8xaiion The eharity is a registered charity and is iherefore exempi from Mation. 12 Intong5ble fiyed #ss¢t$ Goodwill Toral Cost Ai l JanuaT)' 2022 l JO.067 130.067 At 31 December 2022 l i0.067 130.067 Amorttsaiion At l January 2022 Char¥e for The year 91,042 91,042 T3,006 At 31 December 2022 104,048 104.048 Net book value Ai 31 De¢ember 2022 26.019 26,019 Ai 31 December 2021 i9,025 i9.025 Page 16
TheGivingMachine Notes to the FinaD¢ial St2t¢ment5 for the Year Ended 31 December 2022 13 Tangible fixed assets Furniture and equipmeni Tot#1 Cosi At l January ?022 40?.256 402 ?56 At 31 December ?022 402.2)6 402 ? j6 Depretiation At l January ?02? Charge for ihe year i96,370 5.)15 i96,370 5_115 At 31 December 2022 401.685 40:.685 book v8lu¢ Ar i l December 20?2 571 571 Ai 31 December 2021 5,886 5,886 14 Debtors 2022 2021 Trdde debtors Prepayrnents 1.0>0 i50 1,140 ?,060 1.400 i,200 15 C¥45h and $h equi¥aleDIs 2022 2021 Cash ai bank 42,7>i 16 Creditors: amotsnis falling due within one yr 2022 2021 Trdde crediiors VAT Oiher creditors Accruals 5,949 i.159 34,128 9,18? 2.)94 3).692 ?,491 46.8?? 47.759 Pase 17
TheGivingMachine Notes to the FiDancial Sia¢emeDts for the Year Ended 31 Decernber 2022 J7 Creditors: ¥mounts falling due after ont year 2022 2021 Orher loans 539 137 534,147 Included within borroivings 15 an amount of £250:(W (20? I-. E?S0.O¢YJ). The repaymenr renns For this loan have noi been sei and inierest is a¢m)ing on ii. Included wiihin botrowings is an 0VnI of £26.000 (2021.. £26.oC). The repayment tems are £8,000 per annum 8nd inieresl is noi accuring on ii, repa)qneni Wds waived in 2020. Ineludetl within b)rrowngs is amount of £114: li7 (2021-. £109:147}. The repayment rerms for this loart have not been sel and inteTesi is accNing at a rate ori% over UK E4se rdte per annum. Included wirhin borrowings is an amouni of £149.CN)0 (2021.. £149.000). The repaymeni MiS have been alculaied so as io ensure that the loan is repaid on an in¢rrdsing scale basis and in fvll bv 30 Noi'ember 202). Th¢ firsi repaymenr was due in February ?020. Inierest is accuring on the loan in arrear5 and at a m&ximuin raTe ol. per nnrn. The loan is secured by a first ranking debenwre creatbng o fixed and floating charge over all assets of the thariry, a legal as$i8nmeni over a key lift policy artd a legal assigntiieni over TheGivingMachirte trademark. 18 Funds B•tsnce at 31 Deetmber 2Q22 Balance ¥t I J#nu)ry 2022 Incomi•8 resourcfs Resources expended UnSttied ftsnds General (490,571) 295,388 515 ?16) Balance 8131 D¢c¢mber 2021 BalAnte #t I January 2021 Ineomifig resources Resour¢es expended Unrestri¢ied fund5 General 470.095 268,2 (288.765) 490.570 Page 18
TheGivingMgchine Notes to the Financial Stalements for the Year Ended 31 December 2022 19 A Tr#lysis of net •ssei$ betwetn fu•ds Unrestrieted funds Gtner*l Total funds at 31 Deceffiber 2022 Intangible fixed assds Tangible fixed assets Currenc asseis CutTeni liabilities Crcdiiors over l year Total nei assers 26,019 571 44.15) (46,82?) (i39.137) (515.216 26,019 571 (46,822) (539.li7) (51S,216) Unrestricted Total funds at 31 DecembeT 2021 Cenernl Iniangible red assets Tangible fixed a$sS Current asset% Current Itabilities Creditors over l year 39.025 5.886 46.425 {47.759) (i34.147) 39.025 5.886 46,425 {47,759) (534.147 Toial nei assers {490,i70) (490,5701 20 Analysis of net funds At31 Deeemher 2022 At I JAnu4ry 2022 Cash at bank and in hand 4i,225 43,225 Net debi 4i.225 At31 December 2021 At l January 2021 C15h at bank and in hand 52,551 i2,5il dtbi 52,551 Page 19