2023-12-31-accounts - Goodwill Solutions CIO

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GOODWILL SOLUTIONS CIO

REGISTERED CHARITY NUMBER: 1160466

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2023

GOODWILL SOLUTIONS CIO

REGISTERED CHARITY NUMBER: 1160466

Contents of the Financial Statements for the year ended 31st December, 2023

	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, 2023

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 Mr. C M Truman (Appointed 14th March 2024)

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, 2023.

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 2023 and developed new grant relationships with charities that provide local social impact. In that regard, there were many new grants made to local charities such as Spencer Contract (furniture to families), Save Haven (mental health support), Northampton Town of Sanctuary (refugee support), Better Pathways (disadvantaged children support), Right Resolution (feminine hygiene support), as well as continuing to fund the Hemmingwell community food bank in Wellingborough.

The ongoing projects supported through 2023, enabled through the Goodwill Solutions Group, has resulted in more people that are struggling to afford basic necessities being provided with food and other practical support. The Charity starting also supported a local football team for disadvantaged children, Kingsthorpe Jets FC, by becoming their kit sponsor resulting in the team being able to grow. Spencer Contact is a charity being supported with a £10,000 donation to provide basic furniture to those who are financially struggling and socially excluded. Save Haven is another new charity for the CIO, being supported with over £4k that has resulted in out-of-hours support and counselling for over 18s experiencing mental distress.

There was also continued funding from a special fundraising exercise for Ukraine refugees which resulted in donations of over £2,600 for a convoy of humanitarian aid.

Towards the end of 2023 the charity received a further £100,000 from Goodwill Solutions Group in funding to allow the entity to continue to support projects through 2024. The Trustees were pleased with progress of the Charity and look forward to helping create further positive social impact in the local community during 2024. However, the Trustees also decided to undertake a strategic review of the charitable giving in 2024 to determine whether more targeted assistance for specific charitable projects 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, food banks and social exclusion, and also as outlined above by making many new donations to a range of organisations to relieve unemployment, focus on mental health, helping refugees and asylum seekers 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 £64,959 (2022 - £112,701) to various causes that helped the charity carry out its objects and the furtherance of its public benefit. The level of funds generated totaled £105,050 and so there was a surplus for the year, £39,755 (2022 – £152,196). Given the level of reserves brought forward and carried forward the Trustees content with the position at 31st December, 2023. The reserves at 31st December, 2023 stood at £367,890 (2022 - £328,134).

POLICY ON RESERVES

The level of reserves the charity has are deemed adequate to undertaken the charitable purpose throughout 2023, 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 continued 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 ………………………………………………....……., 2024 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, 2023 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, 2023

INCOME Donations & legacies EXPENDITURE Donations PPS Insurance Accountancy fees SURPLUS/(DEFICIT) OF INCOME OVER EXPENDITURE	Unrestricted Restricted Total £ £ £ 100,000 5,050 105,050 100,000 5,050 105,050 62,000 2,959 64,959 - - - - - - 336 - 336 (62,336) (2,959) (65,295) 37,664 2,091 39,755 2023	2022 Total £ 265,790
		265,790 112,701 162 407 324
		113,594
		152,196

GOODWILL SOLUTIONS CIO

REGISTERED CHARITY NUMBER: 1160466

Statement of Assets and Liabilities

as at 31st December, 2023

ACCUMULATED FUNDS - UNRESTRICTED 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		2023 £ 317,371 37,664 355,035 10,764 2,091 12,855 367,964 - (74) 367,890 328,642 39,322 367,964		2022 £ 175,939 141,432
				317,371
				- 10,764
				10,764
				328,642 (500) (7)
				328,134
				195,179 133,463
				328,642

Approval of the unaudited financial statements to 31st December, 2023

The financial statements on pages 7 to 11 were approved by the trustees on……………………..………………………., 2024 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, 2023

Donations and Legacies Goodwill Solutions CIC Lazy Susan Limited Ukraine Fundraising TOTAL	2023 Unrestricted Restricted Total £ £ £ 100,000 - 100,000 - - - - 5,050 5,050 100,000 5,050 105,050 100,000 5,050 105,050	2022 Total £ 250,000 10,000 5,790
		250,000

		250,000

GOODWILL SOLUTIONS CIO

REGISTERED CHARITY NUMBER: 1160466

Summary of Expenditure for the year ended 31st December, 2023

Donations Hunabitarian Convey to Ukriane Ukraine donation Spencer Contract Save Haven Northampton Northampton Town of Sanctuary Better Ways Right Resolution Kingsthorpe Jets Hemmingwell Food Bank Northampton Town FC 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 Accountancy Independent Examination	2023 Unrestricted Restricted Total £ £ £ - 2,676 2,676 - 282 282 10,000 - 10,000 4,500 - 4,500 10,000 - 10,000 10,000 - 10,000 7,500 - 7,500 1,000 - 1,000 9,000 - 9,000 10,000 - 10,000 - - - - - - - - - - - - - - - - - - - - - - - - - - - 62,000 2,959 64,959 336 - 336		2022 Total £ 1,726 3,300 - - - - - - - - 30,000 20,000 10,000 9,985 9,900 22,090 250 4,950 500
		112,701
		324

GOODWILL SOLUTIONS CIO

REGISTERED CHARITY NUMBER: 1160466

Notes to Financial Statements

for the year ended 31st December, 2023

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 £100,000 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, there were no donations paid 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.