2022-12-31-accounts - Goodwill Solutions CIO

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GOODWILL SOLUTIONS CIO

REGISTERED CHARITY NUMBER: 1160466

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2022

GOODWILL SOLUTIONS CIO

REGISTERED CHARITY NUMBER: 1160466

Contents of the Financial Statements for the year ended 31st December, 2022

	Page
Charity Information	3
Trustees' Report	4 - 5
Independent Examiner’s Report	6
Receipts and Payments Account	7
Statement of Assets and Liabilities	8
Summary of Income	9
Summary of Expenditure	10
Notes	11

GOODWILL SOLUTIONS CIO

REGISTERED CHARITY NUMBER: 1160466

Charity Information For the year ended 31st December, 2022

LEGAL STATUS:

A registered charity formed by a CIO Foundation construction dated 12th February, 2015, as amended 5th April, 2018.

TRUSTEES: Mr D R Pickard Mrs A Haire Mr P Aiers Mr G Tomkins

ADDRESS: C/O Goodwill solutions CIC Deer Park road Northampton NN3 6RX CHARITY NUMBER: 1160466 ACCOUNTANTS: Clifford Roberts, Chartered Accountants, Pacioli House, 9 Brookfield, Duncan Close, Moulton Park, Northampton. NN3 6WL

GOODWILL SOLUTIONS CIO

REGISTERED CHARITY NUMBER: 1160466

REPORT OF THE TRUSTEES

The Trustees present their annual report and audited financial statements for the year ended the 31st December, 2022.

STRUCTURE GOVERNANCE AND MANAGEMENT

The charity is governed by a CIO Foundation constitution dated 12th February, 2015, as amended on 5th April, 2018 to perform the objects of the trust. the committee is made up of four individuals who are responsible for the day to day management and fundraising activities of the charity

The recruitment, appointment and training of new trustees are conducted by existing trustees.

OBJECTIVES OF THE CHARITY

The Charity's objects are:

to promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society. For the purpose of this clause ‘socially excluded’ means being excluded from society, or parts of society, as a result of one of more of the

following factors: unemployment; financial hardship; youth or old age; ill health (physical or mental); substance abuse or dependency including alcohol and drugs; discrimination on the grounds of sex, race, disability, ethnic origin, religion, belief, creed, sexual orientation or gender re-assignment; poor educational or skills attainment; relationship and family breakdown; poor housing; criminal record.
the relief of unemployment for the benefit of the public in such ways as may be thought fit, including assistance to find employment, focusing on the training and rehabilitation of former criminals or underprivileged people

The objects are met in various ways, particularly through the relief of hardship, by providing items and services to individuals in need and/or charities, or other organisations working to prevent or relieve poverty and the relief of unemployment for the benefit of the public in such ways as may be thought fit, including assistance to find employment and by supporting individuals to change their lives. We will be promoting social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society. In carrying out the objects of the charity, the trustees have had due regard to the Charity Commission’s guidance on Public Benefit.

PUBLIC BENEFIT

All of the Charity's activities are undertaken to further our charitable purpose for the benefit of the public. The trustees have had regard to the Charity Commission guidance on public benefit in section four of the Charities Act 2011. The main benefits which have arisen during the year from the organisations aims and activities are detailed in the following sections and in the financial review.

REVIEW OF THE DEVELOPMENT, ACTIVITIES AND ACHIEVEMENTS DURING THE YEAR

The Charity used the prior year funding it received from the Goodwill Solutions Group to continue to support projects throughout 2022 and developed new grant relationships with charities that provide local social impact. In that regard, new grants were made to two local domestic abuse charities, a youth mental health charity and a charity supporting disadvantaged parents of new babies, as well as continuing to fund a food bank in Wellingborough (accrued from 2021). A grant was also made to three local Forces Cadet units for training materials and educational development of cadets.

The ongoing projects supported through 2022 that are enabled through the Goodwill Solutions Group to train socially excluded people, resulted in the participants undertaking mental health resilience courses and obtaining a Forklift Truck License and NVQ qualifications. The Charity also continued its funded support to the Police, by way of paying for offices, for them to carry out the very successful work they do regarding early intervention in several programmes specifically targeting youth offender, gang prevention and prevention of anti-social behaviour.

Alternative sources of funding were also achieved. A supplier to one of the Goodwill Group companies donated £10,000 to support our work, and a special fundraising exercise for Ukraine refugees resulted in donations of over £5k for a convoy of humanitarian aid being sent to Ukraine in Autumn 2022.

Towards the end of 2022 the charity received a further £250,000 from Goodwill Solutions Group in funding to allow the entity to continue to support projects through 2023. The Trustees were pleased with progress of the Charity and look forward to helping create further positive social impact in the local community during 2023.However, the Trustees also decided to undertake a strategic review of the charitable giving in 2023 to determine whether more targeted assistance would be more beneficial.

GOODWILL SOLUTIONS CIO

REGISTERED CHARITY NUMBER: 1160466

REPORT OF THE TRUSTEES - CONTINUED

ACHIEVEMENT AND PERFORMANCE

The Charity received another significant amount of funding during the year from the Goodwill Solutions CIC Group, which allowed it to continue fulfilling and developing its charitable purpose. It does this by funding ongoing internal projects at Goodwill Solutions CIC relating to training, back to work programs and social exclusion, and also as outlined above by making new donations to a range of organisations to relieve unemployment and promote social inclusion. The continuing number of people helped by the charity is seen as a real achievement by the trustees and the funds carried forward will allow the charity to continue to support individuals and organisations aligned to the charitable objects of this charity as well as develop new kinds of support.

FINANCIAL RESULTS FOR THE YEAR

During the year the donations made were £112,701 (2021 - £108,940) to various causes that helped the charity carry out its objects and the furtherance of its public benefit. The level of funds generated totaled £265,790 and so there was a surplus for the year, £152,196 (2021 – £40,206). Given the level of reserves brought forward and carried forward the Trustees content with the position at 31st December, 2022. The reserves at 31st December, 2021 stood at £328,134 (2021 - £175,939).

POLICY ON RESERVES

The level of reserves the charity has are deemed adequate to undertaken the charitable purpose throughout 2022, as with the previous year the Charity received substantial funding to undertake the charitable purpose in the coming year. The Trustees will ensure that the unrestricted fund is sufficient to sustain its operations, should income generating activities be curtailed unexpectedly over the forthcoming year.

RISK ASSESSMENT POLICY

The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems are in place to mitigate their exposure to the major risks.

PLANS FOR FUTURE PERIODS

The Charity’s future plans continue to be using the funds to fulfil their public benefit, which has begun during the year.

TRUSTEES' RESPONSIBILITIES

The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the method and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy, at any time, the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the charity (Accounts and Reports) Regulations 2008 and the provision of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved for and on behalf of the trustees on ………………………………………………....……., 2023 and signed on their behalf by:

……………………………………………..

Mr G Tomkins

Mrs A Haire

GOODWILL SOLUTIONS CIO

REGISTERED CHARITY NUMBER: 1160466

Independent Examiner’s Report to the Trustees of Goodwill Solutions CIO

I report on the financial statements of the charity for the year ended 31[st] December, 2022 which are set out on pages 7 to 11.

Respective responsibilities of trustees and examiner

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

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

accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the accounts do not accord with those records.

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.

…………………………………………..

Adam Billingham, BA (Hons), BFP, FCA

Clifford Roberts Chartered Accountants Pacioli House 9 Brookfield Duncan Close Moulton Park Northampton NN3 6WL

Date: …………………………….……..

GOODWILL SOLUTIONS CIO

REGISTERED CHARITY NUMBER: 1160466

Receipts and Payments Account for the year ended 31st December, 2022

INCOME Donations & legacies EXPENDITURE Donations PPS Insurance Accountancy fees SURPLUS/(DEFICIT) OF INCOME OVER EXPENDITURE	Unrestricted Restricted Total £ £ £ 250,000 15,790 265,790 250,000 15,790 265,790 107,675 5,026 112,701 162 - 162 407 - 407 324 - 324 (108,568) (5,026) (113,594) 141,432 10,764 152,196 2022	2021 Total £ 150,000 150,000 108,940 - 554 300 109,794 40,206

GOODWILL SOLUTIONS CIO

REGISTERED CHARITY NUMBER: 1160466

Statement of Assets and Liabilities

as at 31st December, 2022

ACCUMULATED FUNDS Opening balance Surplus/(Deficit) of income over expenditure Closing balance ACCUMULATED FUNDS - RESTRICTED Opening balance (Deficit)/surplus of income over expenditure Closing balance REPRESENTED BY Bank Current Account Donation Creditor Other Creditors CASH BALANCES Opening balance Net Increase/(Decrease) in the year Closing balance		2022 £ 175,939 141,432 317,370 - 10,764 10,764 328,642 (500) (7) 328,134 195,179 133,463 328,642		2021 £ 135,733 40,206 175,939 - - - 195,179 (18,940) (300) 175,939 135,733 59,446 195,179

Approval of the unaudited financial statements to 31st December, 2022

The financial statements on pages 7 to 11 were approved by the trustees on……………………..………………………., 2023 and were signed on its behalf by:

…………………………………. ………………………………….

Mr G Tomkins Mrs A Haire

GOODWILL SOLUTIONS CIO

REGISTERED CHARITY NUMBER: 1160466

Summary of Income for the year ended 31st December, 2022

Donations and Legacies Goodwill Solutions CIC Lazy Susan Limited Ukraine Fundraising TOTAL	2022 Unrestricted Restricted Total £ £ £ 250,000 - 250,000 - 10,000 10,000 - 5,790 5,790 250,000 15,790 265,790 250,000 15,790 265,790	2021 Total £ 150,000 - - 150,000 150,000

GOODWILL SOLUTIONS CIO

REGISTERED CHARITY NUMBER: 1160466

Summary of Expenditure for the year ended 31st December, 2022

Donations Goodwill Solutions CIC - FLT training Goodwill Solutions CIC - Police hub support Northamptonshire Domestic Abuse Service EVE Domestic Abuse The Lowdown Army Cadets The Hope Centre Sound Foundation Early Intervention The Charter House Hunabitarian Convey to Ukriane Donation Springs Family Centre Future Wolverton - Adult Autism Hemmingwell Food Bank Northampton Sea Cadets Accountancy Independent Examination	2022 Unrestricted Restricted Total £ £ £ 30,000 - 30,000 20,000 - 20,000 10,000 - 10,000 9,985 - 9,985 9,900 - 9,900 22,090 - 22,090 250 - 250 4,950 - 4,950 500 - 500 - 1,726 - - 3,300 - - - - - - - - - - - - - 107,675 5,026 107,675 324 - 324	2021 Total £ 30,000 40,000 - - - - - - - - - 10,000 10,000 11,440 7,500 108,940 300

GOODWILL SOLUTIONS CIO

REGISTERED CHARITY NUMBER: 1160466

Notes to Financial Statements

for the year ended 31st December, 2022

Trustees Remuneration and Expenses

No trustee received any remuneration or reimbursed expenses in either the current or prior year.

- Related Party Note Incoming Resources

During the year the charity received a donation of £250,000 from Goodwill Solutions C.I.C., an entity in which G Tomkins and D Pickard, both trustees, are directors.

- Related Party Note Outgoing Resources

During the year the charity paid a donation of £50,000 to Goodwill Solutions C.I.C., an entity in which G Tomkins and D Pickard, both trustees, are directors.

Guarantees

There were no guarantees given by the CIO during the year, and nothing outstanding at the reporting date in respect of any guarantee.

Debt

There is no debt outstanding at the date of the statement of assets and liabilities which is owed by the CIO, and there is no debt secured against any asset owned by the CIO

Nature & Purpose of Funds

The charity deems the majority of receipts and payments as relating to the unrestricted fund, and as such the unrestricted fund can be used towards the furtherance of the charities objects without restriction. In the current year, the charity has raised funds for specific purposes, and as such, these funds are deemed to be restricted.