Company regisirdiion number.. 9017447 Charity registraFion numter.. 1159j?O TheGivingMachine (A company lirni￿d by suarnnlee) Annual Reporr aTrJ Financial &aiemenr5 ror t￿ Year Ended 31 tk¢ernbEr 2022 'jccxp￿C. 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 Ch*rity Rtgistratiort Number 1159i20 Company R¢gistr*iiort Number 9017447 The charity 15 inCo￿oraled 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 Com￿Y 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 Prom￿ing 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￿)$￿ilve donors io charilies for ihe public beneftt. The tTUSlttS confirni thai they Trrdve cofflplied with the requirements of seciiM 17 of the Charitie5 Aci 2011 10 have ikne regard io ihe public benefil 8uithnce published bv the Chariry Commission for England and Wale5. Going concer Ai ihe iin)e of approving the a¢¢oun￿. the Trusiees have a reasonable expeerntion ihai the charity has adequate resources ro continue in operaiional existerTrce for ihe foreseeable future. Thus ihe Trusiees continue ro adopt the £oing concern basis of accounting in prewdring th¢% financial sraiemenrs. The charity has a ner liabiliries position at the year end but ihe mjsfees remain COnf￿ent thai suffbcieni res Unrestritted runds Total 2022 Note Income and Endoivment5 from: DortaTions and leJo cies Charitftble activiiies InvesTmenr incomt 34,5) I 2i6.157 55 34,53 2)6,157 55 Total income 270.743 ?70.743 Expenditure on: ChaTitable activities Total expenditUTe Nei expenditure Nei movement in fvnds (29i,388) (295.388 24.645 (24.045) (24,645) Reeoneiligtion of funds Total funds brought fonyard Total funds ta￿1￿ fonvard (490.i71 (490.571) (515.216) 18 (515.216) UTrr¢siri¢ted funds 2021 Note Incone 8nd Endowment$ 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 f0Th￿rd (470.095) (490.570) (470,095) (490,570 18 All of The chariry's activiiies derive from coniinuintt Ope￿10n5 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 cr￿lI0r5. 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 acco￿anCe with section 476: and The direciors acknowledge iheir resp￿sibIli11e5 for complying with the reqUiFernen￿ of the Aci with respecr to accounting records and the p￿PaT3110n 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 att0￿￿tI￿g 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 otl*rwise ￿p￿d. 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 a￿OUnts 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 relev￿1 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 endo*mtnts 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 D￿allonS 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 reS￿￿e$, with central siaff cosis allocaied on ihe basis of lime spent. and dewetiation charges allot*ed on the Frt*rtion of ihe assei-'s use. Other suppon costs are allo¢aied based on Ihe spread of ￿aff costs. Ch4*iittblÉ adlvili*s charl￿ble 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 alloc*ed 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￿ t￿lbu[ab￿ w the chwity'5 compliance wilh consi11￿10nal 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 SCI￿d￿le 6 of ihe Finance Aci 2010 and therefore it Ineeis ih¢ definition of a charitable ¢¢)mpany for UK Co￿Orali0￿ 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 i￿ome 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 aMO￿ts due from CUSTcrfners merchandise sold or services krrformed in ihe ordinary COUTse of business. Trade de￿0[$ are rec¢)sni5ed inili311y at ihe tr￿5￿¢￿0￿ prire. They are 5ub5equenily measu￿d 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¢we￿lY measured * amortised cosi using the effective in(eresi meihc4J. BL)rroivings Interes1-be￿Ing 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 i￿Ing 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 fina￿la1 liabiliiies are rttognised when the Charity becomes a party io Ihe ci)ntr￿￿OI provi$ions of the instrum¢ni. Financial liabilities and ¢quiry Insin￿entS are classified according io the subsiance of the conll7ctual an7noements entered inio. An ¢quiry inslryrneni 15 any contraci Ihai evidences a residual intere51 in the a5s¢is of the charity after deducting all of liabiliiTres. All financial asseis and liabiliiies are initially measured at transaction price (Including trdnsaction ¢osts), ex¢q>t for ihose financial &sseis cl&%sified &s at fair value through profil OT Ios5. which are iniliall>' mMured al fair value (ivhich 15 normally ihe traftsacTion price excluding Irdnsadion cosis). unless ihe arrangement ¢onsirtutes a tinaneing iransaciion. If an anangemeni constitutes a financing tr•nsauion, the financial as5ei or financial liabililv 1$ me15ured at the weseni val￿e 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 iltsirun￿￿ts 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 b￿h} 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 s*isfies 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•iisf*s ¢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 $orne hedging in5rrurnen￿ other debt instruments not rneEILns these conditicpns are measured ai fair value throush profit or1055. ComTnimient5 to niake and receive loans which meei ihv wndirions rnentionrd al￿ve are measured al Cost (Ivhich may be nil) less irnpatnnenL The best evidencE of fair Yalue 15 a quoted price for an identical ¥ssei in an aciive rnarket. V/hen quoted prices are unavailable. Ehe price of a receni iran5aciion for an ideniical asset provide5 ei'idence of fair value as long there ha5 not been a significant Ch￿ge in ttonomic circum51ances or a 5ignificani lapse of lime sinv the tran5aciion rook place. If ihe markei is noi aciive and Tec¢ni transaciions of an idenricJl assei on their own are not a gi>od esiimate of fair value, the fair value is esiimaied b). using a valua(ion rKhniquE. Page 13 TheGivingMaehine Notes ¢0 Ihe Financial Statements for the Year Ended 31 December 2022 3 Incorne from donation5 Ind legaeie$ UTrre5tri0 i50 1,140 ?,060 1.400 i,200 15 C¥45h and ￿$h equi¥aleDIs 2022 2021 Cash ai bank 42,7>i 16 Creditors: amotsnis falling due within one y￿r 2022 2021 Trdde crediiors VAT Oiher creditors Accruals 5,949 i.159 34,128 9,18? 2.)94 3).692 ?,491 46.8?? 47.759 Pase 17 TheGivingMachine Notes to the FiDancial Sia¢emeDts for the Year Ended 31 Decernber 2022 J7 Creditors: ¥mounts falling due after ont year 2022 2021 Orher loans 539 137 534,147 Included within borroivings 15 an amount of £250:(W (20? I-. E?S0.O¢YJ). The repaymenr renns For this loan have noi been sei and inierest is a¢m)ing on ii. Included wiihin botrowings is an ￿0VnI of £26.000 (2021.. £26.oC￿). The repayment tems are £8,000 per annum 8nd inieresl is noi accuring on ii, repa)qneni Wds waived in 2020. Ineludetl within b)rrowngs is ￿ amount of £114: li7 (2021-. £109:147}. The repayment rerms for this loart have not been sel and inteTesi is accNing at a rate ori% over UK E4se rdte per annum. Included wirhin borrowings is an amouni of £149.CN)0 (2021.. £149.000). The repaymeni ￿MiS have been alculaied so as io ensure that the loan is repaid on an in¢rrdsing scale basis and in fvll bv 30 Noi'ember 202). Th¢ firsi repaymenr was due in February ?020. Inierest is accuring on the loan in arrear5 and at a m&ximuin raTe ol. per ￿nn￿rn. The loan is secured by a first ranking debenwre creatbng o fixed and floating charge over all assets of the thariry, a legal as$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 Un￿St￿tied 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 r￿ed assets Tangible fixed a$s￿S 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