## **GOODWILL SOLUTIONS CIO**
## **REGISTERED CHARITY NUMBER: 1160466**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2023**
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**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**|
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## **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
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**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.
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**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
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## **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:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. 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: …………………………….……..
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## **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|
||||
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**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
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**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|
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**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||
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## **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.
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