2023-12-31-accounts

Company registration number: 9017447 Charity registration number: 1159320

TheGivingMachine

(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 December 2023

Hopper & Co Chartered Accountants & Registered Auditors 6 Doagh Road Ballyclare Co Antrim BT39 9BG

TheGivingMachine

Contents

Reference and Administrative Details	1
Trustees' Report	2 to 5
Independent Examiner's Report	6
Statement of Financial Activities	7
Balance Sheet	8
Notes to the Financial Statements	9 to 20

TheGivingMachine

Reference and Administrative Details

Trustees Mr N Ahmed Mrs R Jackson Mr T Martin Mr M J Manning Senior Management / Leadership Mr R Morris, CEO Team Charity Registration Number 1159320 Company Registration Number 9017447 The charity is incorporated in England. Registered Office 14A Grange Park Bishop's Stortford Hertfordshire CM23 2HX Independent Examiner Hopper & Co Chartered Accountants & Registered Auditors 6 Doagh Road Ballyclare Co Antrim BT39 9BG

Page 1

TheGivingMachine

Trustees' Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 December 2023.

Objectives and activities

Objects and aims

The charity's objectives are to enable giving to be an inclusive behaviour choice for everyone who buys online to generate free donations for the UK based charitable causes of their choice.

Public benefit

To promote the efficiency and effectiveness of charities, not for profit organisations and voluntary organisations in particular, but not exclusively, by promoting charitable giving through giving services which apply technology and behavioural science, providing training, advice and support to charities in the use of communication media and promoting volunteering by donors and prospective donors to charities for the public benefit.

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Plans for future periods

Aims and key objectives for future periods

From late 2023 and into 2024 the Charity has had friendly discussions concerning loan waivers with the institutions and individuals who have in the past leant it money to fund structural changes. These discussions have progressed well and there is now an expectation that these loans will be waived thereby improving the robustness of the Charity to meet future demands and greatly improving its ability to implement plans for growth.

Going concern

At the time of approving the accounts, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing these financial statements. The charity has a net liabilities position at the year end but the trustees remain confident that sufficient resources will be available as debt finance to fund any shortfalls.

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Page 2

TheGivingMachine

Trustees' Report

Trustees:

Mr N Ahmed (appointed 14 March 2023) Mrs R Jackson (appointed 14 March 2023) Mr T Martin (appointed 16 May 2023) Mr M J Manning (appointed 20 February 2024) Mr P M Butterworth (resigned 10 July 2024) Mr M Rogers (resigned 20 February 2024) Ms C J Hartnell (resigned 30 October 2023) Ms R E Williamson (resigned 14 March 2023) Mr R D P Purcell (resigned 14 March 2023)

Senior Management / Leadership Team:

Mr R Morris, CEO

Structure, governance and management

Nature of governing document

The Charity's governing document is the Memorandum and Articles of Association. In the event of the company being wound up Trustees are required to contribute £1.

Recruitment and appointment of trustees

Under the requirements of the Memorandum and Articles of Association the Trustees of the Charity are elected to serve for a period of up to three years after which they must be re-elected.

The Charity seeks to ensure that Trustees with a range of experience from within the business profession serve on the Board. In the event of particular skills and experience being lost due to retirement, individuals are approached to offer themselves for election to the Charity.

Trustees can serve up to 3 terms of 3 years after which they must stand down.

Induction and training of trustees

Most Trustees are familiar with the role of the charity through their Trusteeship of the charity. New Trustees are provided relevant information and are briefed on their legal obligations and responsibilities as Trustees of a charity

Organisational structure

The Charity is managed and directed by its Trustees. Once Trustees are elected, they serve for up to a term of 3 years and meet at least four times a year.

Page 3

TheGivingMachine

Trustees' Report

Major risks and management of those risks

Risk Management

The Charity has a risk management strategy in place which comprises an annual review of the major risks to which the charity is exposed, in particular those related to the operations and finances of the company, and the establishment of systems and procedures to mitigate those risks

The Trustees are satisfied that systems are in place to mitigate exposure to the major risks. A key element in the management of financial risk is the setting of a reserves policy and its regular review by trustees

Financial instruments

Objectives and policies

The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk.

Cash flow risk

Interest bearing assets and liabilities are held at fixed rates to ensure certainty of cash flows.

Credit risk

The charity’s principal financial assets are bank balances and cash.

The credit risk on liquid funds is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.

The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.

Liquidity risk

In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-term debt finance. Further details regarding liquidity risk can be found in the Statement of Accounting Policies in the financial statements.

Funds held as custodian trustee on behalf of others

Included within current assets and creditors are amounts relating to beneficiary allocations held by the charity.

These amounts have been ring-fenced by the trustees and may be paid in line with the charity's policy on charitable payments.

Statement of trustees' responsibilities

The trustees (who are also the directors of TheGivingMachine for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies.

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TheGivingMachine

Trustees' Report

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

• select suitable accounting policies and apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small companies provision statement

This report has been prepared in accordance with the small companies' regime under the Companies Act 2006.

The annual report was approved by the trustees of the charity on 26 July 2024 and signed on its behalf by:

......................................... Mr N Ahmed Trustee

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TheGivingMachine

Independent Examiner's Report to the trustees of TheGivingMachine ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Chartered Accountants Ireland, which is one of the listed bodies.

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:

1. accounting records were not kept in respect of TheGivingMachine as required by section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

...................................... S Hopper FCA Chartered Accountants & Registered Auditors Chartered Accountants Ireland

6 Doagh Road Ballyclare Co Antrim BT39 9BG

26 July 2024

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TheGivingMachine

Statement of Financial Activities for the Year Ended 31 December 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

		Unrestricted		Total
		funds		2023
	Note	£		£
Income and Endowments from:
Donations and legacies	3	43,070		43,070
Charitable activities	4	263,047		263,047
Investment income	5	79		79
Total income		306,196		306,196
Expenditure on:
Charitable activities	6	(316,642)		(316,642)
Total expenditure		(316,642)		(316,642)
Net expenditure		(10,446)		(10,446)
Net movement in funds		(10,446)		(10,446)
Reconciliation of funds
Total funds brought forward		(515,216)		(515,216)
Total funds carried forward	18	(525,662)		(525,662)
		Unrestricted		Total
		funds		2022
	Note	£		£
Income and Endowments from:
Donations and legacies	3	34,531		34,531
Charitable activities	4	236,157		236,157
Investment income	5	55		55
Total income		270,743		270,743
Expenditure on:
Charitable activities	6	(295,388)		(295,388)
Total expenditure		(295,388)		(295,388)
Net expenditure		(24,645)		(24,645)
Net movement in funds		(24,645)		(24,645)
Reconciliation of funds
Total funds brought forward		(490,571)		(490,571)
Total funds carried forward	18	(515,216)		(515,216)

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 18.

The notes on pages 9 to 20 form an integral part of these financial statements. Page 7

TheGivingMachine

(Registration number: 9017447) Balance Sheet as at 31 December 2023

		2023		2022
	Note	£		£
Fixed assets
Intangible assets	12	13,013		26,019
Tangible assets	13	2,471		571
		15,484		26,590
Current assets
Debtors	14	1,093		1,400
Cash at bank and in hand	15	33,322		42,753
		34,415		44,153
Creditors: Amounts falling due within one year	16	(36,424)		(46,822)
Net current liabilities		(2,009)		(2,669)
Total assets less current liabilities		13,475		23,921
Creditors: Amounts falling due after more than one year	17	(539,137)		(539,137)
Net liabilities		(525,662)		(515,216)
Funds of the charity:
Unrestricted income funds
Unrestricted funds		(525,662)		(515,216)
Total funds	18	(525,662)		(515,216)

For the financial year ending 31 December 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and

• The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The financial statements on pages 7 to 20 were approved by the trustees, and authorised for issue on 26 July 2024 and signed on their behalf by:

......................................... Mr N Ahmed Trustee

The notes on pages 9 to 20 form an integral part of these financial statements. Page 8

TheGivingMachine

Notes to the Financial Statements for the Year Ended 31 December 2023

1 Charity status

The charity is limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.

The address of its registered office is: 14A Grange Park Bishop's Stortford Hertfordshire CM23 2HX

These financial statements were authorised for issue by the trustees on 26 July 2024.

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

TheGivingMachine meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The financial statements have been prepared on a going concern basis.

The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.

Exemption from preparing a cash flow statement

The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

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TheGivingMachine

Notes to the Financial Statements for the Year Ended 31 December 2023

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s' meetings and reimbursed expenses.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Goodwill

Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Tangible fixed assets

Individual fixed assets costing £500.00 or more are initially recorded at cost.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

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TheGivingMachine

Notes to the Financial Statements for the Year Ended 31 December 2023

Asset class Goodwill

Amortisation method and rate

10% Straight Line

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate IT Systems 25% Straight Line Fixtures & Fittings 25% Straight Line Computers 25% Straight Line

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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TheGivingMachine

Notes to the Financial Statements for the Year Ended 31 December 2023

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.

Financial instruments

Classification

Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

Recognition and measurement

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

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TheGivingMachine

Notes to the Financial Statements for the Year Ended 31 December 2023

Debt instruments

Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:

(a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.

(b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.

(c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a).

(d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods.

(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law.

(f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c).

Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.

With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss.

Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.

Fair value measurement

The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.

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TheGivingMachine

Notes to the Financial Statements for the Year Ended 31 December 2023

3 Income from donations and legacies

		Unrestricted
		funds		Total
		General		funds
		£		£
Donations and legacies;
	Donations from individuals	43,070		43,070
Total for 2023		43,070		43,070
Total for 2022		34,531		34,531
4	Income from charitable activities
		Unrestricted
		funds		Total
		General		funds
		£		£
	Charitable Activities	263,047		263,047
Total for 2023		263,047		263,047
Total for 2022		236,157		236,157
5	Investment income
		Unrestricted
		funds		Total
		General		funds
		£		£
Interest receivable and similar income;
	Interest receivable on bank deposits	79		79
Total for 2023		79		79
Total for 2022		55		55

6 Expenditure on charitable activities

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TheGivingMachine

Notes to the Financial Statements for the Year Ended 31 December 2023

		Unrestricted
		funds		Total
		General		funds
	Note	£		£
Charitable Activities		285,474		285,474
Depreciation, amortisation and other similar costs		14,073		14,073
Allocated support costs	7	15,295		15,295
Governance costs	7	1,800		1,800
Total for 2023		316,642		316,642
Total for 2022		295,388		295,388

Total expenditure £

In addition to the expenditure analysed above, there are also governance costs of £1,800 (2022 - £1,800) which relate directly to charitable activities. See note 7 for further details.

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TheGivingMachine

Notes to the Financial Statements for the Year Ended 31 December 2023

7 Analysis of governance and support costs

Support costs allocated to charitable activities

							Other
		Finance	Administration				support		Total
		costs			costs		costs		funds
	Basis of allocation	£			£		£		£
Giving Machine	A	11,993			2,291		1,011		15,295
Total for 2022		17,167			1,196		7,172		25,535
Basis of allocation
Reference	Method of allocation
A	100% charitable Activity

Governance costs

	Unrestricted
	funds		Total
	General		funds
	£		£
Independent examiner fees
Examination of the financial statements	1,800		1,800
Total for 2023	1,800		1,800
Total for 2022	1,800		1,800
8 Net incoming/outgoing resources
Net outgoing resources for the year include:
	2023		2022
	£		£
Depreciation of fixed assets	1,067		5,315
Amortisation of goodwill	13,006		13,006
9 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

10 Independent examiner's remuneration

							2023		2022
							£		£
Examination	of	the	financial	statements			1,800		1,800
					Page	16

TheGivingMachine

Notes to the Financial Statements for the Year Ended 31 December 2023

11 Taxation

The charity is a registered charity and is therefore exempt from taxation.

12 Intangible fixed assets

12 Intangible fixed assets
	Goodwill		Total
	£		£
Cost
At 1 January 2023	130,067		130,067
At 31 December 2023	130,067		130,067
Amortisation
At 1 January 2023	104,048		104,048
Charge for the year	13,006		13,006
At 31 December 2023	117,054		117,054
Net book value
At 31 December 2023	13,013		13,013
At 31 December 2022	26,019		26,019
13 Tangible fixed assets
	Furniture and
	equipment		Total
	£		£
Cost
At 1 January 2023	402,256		402,256
Additions	2,967		2,967
At 31 December 2023	405,223		405,223
Depreciation
At 1 January 2023	401,685		401,685
Charge for the year	1,067		1,067
At 31 December 2023	402,752		402,752
Net book value
At 31 December 2023	2,471		2,471
At 31 December 2022	571		571

14 Debtors

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TheGivingMachine

Notes to the Financial Statements for the Year Ended 31 December 2023

	2023		2022
	£		£
Trade debtors	-		1,050
Prepayments	1,093		350
	1,093		1,400
15 Cash and cash equivalents
	2023		2022
	£		£
Cash at bank	33,322		42,753
16 Creditors: amounts falling due within one year
	2023		2022
	£		£
Trade creditors	-		5,949
VAT	(914)		3,159
Other creditors	31,105		34,128
Accruals	6,233		3,586
	36,424		46,822
17 Creditors: amounts falling due after one year
	2023		2022
	£		£
Other loans	539,137		539,137

Included within borrowings is an amount of £250,000 (2021: £250,000). The repayment terms for this loan have not been set and interest is not accruing on it.

Included within borrowings is an amount of £26,000 (2022: £26,000). The repayment terms are £8,000 per annum and interest is not accuring on it, repayment was waived in 2020.

Included within borrowings is an amount of £114,137 (2022: £114,137). The repayment terms for this loan have not been set and interest is accruing at a rate of 3% over UK base rate per annum, no interest accrued during 2023.

Included within borrowings is an amount of £149,000 (2022: £149,000). The repayment terms have been calculated so as to ensure that the loan is repaid on an increasing scale basis and in full by 30 November 2023. The first repayment was due in February 2020. Interest is accuring on the loan in arrears and at a maximum rate of 9% per annum. The loan is secured by a first ranking debenture creating a fixed and floating charge over all assets of the charity, a legal assignment over a key man life policy and a legal assignment over TheGivingMachine trademark.

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TheGivingMachine

Notes to the Financial Statements for the Year Ended 31 December 2023

18 Funds

18 Funds
							Balance at 31
	Balance at 1		Incoming		Resources		December
	January 2023		resources		expended		2023
	£		£		£		£
Unrestricted funds
General	(515,216)		306,196		(316,642)		(525,662)
							Balance at 31
	Balance at 1		Incoming		Resources		December
	January 2022		resources		expended		2022
	£		£		£		£
Unrestricted funds
General	(490,571)		270,743		(295,388)		(515,216)

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TheGivingMachine

Notes to the Financial Statements for the Year Ended 31 December 2023

19 Analysis of net assets between funds

	Unrestricted		Total funds at
	funds		31 December
	General		2023
	£		£
Intangible fixed assets	13,013		13,013
Tangible fixed assets	2,471		2,471
Current assets	34,415		34,415
Current liabilities	(36,424)		(36,424)
Creditors over 1 year	(539,137)		(539,137)
Total net assets	(525,662)		(525,662)
	Unrestricted		Total funds at
	funds		31 December
	General		2022
	£		£
Intangible fixed assets	26,019		26,019
Tangible fixed assets	571		571
Current assets	44,153		44,153
Current liabilities	(46,822)		(46,822)
Creditors over 1 year	(539,137)		(539,137)
Total net assets	(515,216)		(515,216)

20 Analysis of net funds

20 Analysis of net funds
					At 31
	At 1 January		Financing cash		December
	2023		flows		2023
	£		£		£
Cash at bank and in hand	42,753		(9,331)		33,422
Net debt	42,753		(9,331)		33,422
					At 31
	At 1 January		Financing cash		December
	2022		flows		2022
	£		£		£
Cash at bank and in hand	43,225		(472)		42,753
Net debt	43,225		(472)		42,753

21 Related party transactions

There were no related party transactions in the year.

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