GIVE FOR GOOD
Charity Number 1160883
ACCOUNTS For the year ended 31st March 2023
NewStreet Accounting 8/9 New Street, Alfreton, Derbyshire. DE55 7BP
GIVE FOR GOOD
Charity Number 1160883
ACCOUNTS
For the year ended
31st March 2023
Trustees/Directors
Miss W D Cartledge Miss A Ozenbrook Mr M A Radford Mrs M Radford
Registered Address
Lincoln House Derby Road Swanwick Derbyshire DE55 1BG
NewStreet Accounting 8/9 New Street Alfreton Derbyshire DE55 7BP
GIVE FOR GOOD
Charity Number 1160883
ACCOUNTS
For the year ended
31st March 2023
Directors Report
Legal Status
Give for good is a private company limited by guaranteeincorporated in England and Wales it is also a registered charity registered charity and, therefore has no share capital. Company Registration No is 09192036
Exemptions
The Trustees/Directors have taken advantage of the exemptions avaliable to small companies, including the audit exemption (see statement on balance sheet).
Main Activities
Gift for good's objectives are specifically restricted to the following.
The relief of financial hardship, either generally or individually, of people living in the UK or overseas by making grants of money or providing and paying for items services services or facilities.
To advance any purposes which are exclusively charitable under the law in England and Wales by providing grants to other charities or other organisations, or individuals identified by the trustees at their discretion.
The CIO employs 7 full time members plus casual workers if needed in certain programmes.
Summary of the Accounting Period
During this financial period there has been a continuation of the previous years strong financial and organic growth.
The company's policy on reserves
We need to, in the next financial year, ensure that we have an excess of income over expenditure to reinvest as and when necessary
Responsibilities of the Trustees
Company Law requires the directors to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the company at the end of the year and of the surplus of deficiency for the year then ended.
In preparing these financial statements, the directors are required to: select suitable accounting policies, as described in the 'notes' section, and apply them on a consistent basis, making judgements and estimates that are prudent and reasonable. The Directors must also prepare the financial statements on the going concern basis unless it is inappropriate to assume that the company will continue in business.
The Directors are responsible for keeping the proper accounting records which disclose, with reasonable accuracy at any time, the financial position of the company, and enable
NewStreet Accounting 8/9 New Street Alfreton Derbyshire DE55 7BP
them to ensure that the financial statements comply with the Charities Act 2011. The directors are also responsible for safeguarding the assets of the company and hence taking reasonable steps for the prevention and detection of fraud or other irregularities.
Independent Examiners Statement
This report has been prepared in accordance with section 145 of the act. I can confirm that as a member of the Association of Accounting Technicians I am qualified to undertake the examination.
Mr I Wright
The Trustees declare that they have approved the Directors' report above.
Signed on behalf of companys Trustees:
Signed Date 10/6/2023
NewStreet Accounting 8/9 New Street Alfreton Derbyshire DE55 7BP
GIVE FOR GOOD
Charity Number 1160883
ACCOUNTS
For the year ended
31st March 2023
Independent Examiners Report
Respective responsibilities of the Trustees' and Examiner
The charity's Trustees (who are also Directors of the Company for Company law purposes) are responsible for the preparation of the accounts. The Charity's Trustees consider that an audit is not required for this year under section 111 of the Charites Act 2011 and that an independent examination is required.
Having established the company is not subject to audit under company law and eligible for an independent examination it is my responsibility to:
Examine the accounts under section 145 of the 2011 Act.
Follow the procedure laid down in the general directions given by the charity commissioners under section 145(5) of the 2011 Act : and
State whether particular matters have come to my attention.
Basis of the independent Examiner's report
My examination was carried out in accordance with the general directions given by the charity commission. An examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any concerning any such matter. The procedures undertaken do not provide all evidence that would be required in an audit and consequently no opnion is given as to whether the accounts present a ''true and fair view'' and the report is limited to those matters set out in the statement below.
Independent Examiners Report
In connection with my examination, no matter has come to my attention:
- Which gives me reasonable cause to believe that in any material respect the requirements:
To Keep accounting records in accordance with section 386 of the Companies Act 2006: and
To Prepare accounts which accord with the accounting requirements of the companies Act 2006 and with the methods and principals of the statement of Recommended Practice: Accounting and Reporting by Charities (FRS102 SORP) have to been met or :
- To which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed
Date 06/10/23
NewStreet Accounting 8/9 New Street Alfreton Derbyshire DE55 7BP
Give for good Charity Number 1160803
Income and Expenditure Account for the year ended 31st March 2023
| Unrestricted Funds |
Restricted Funds |
Total | Re-stated Total |
||
|---|---|---|---|---|---|
| 2023 | 2023 | 2022 | 2022 | ||
| Notes | £ | £ | |||
| Income | |||||
| Government Grants | 2 | - | - | 19,790 | - |
| Rental Income | - | 1,800 | |||
| Charitable Activities | 144,069 | 138,659 | |||
| Total Income | 144,069 | - | 160,249 | - | |
| Expenditure | £ | £ | £ | £ | |
| Purchases | 1,837 | 4,052 | |||
| Rent | 31,425 | 36,633 | |||
| Rates | 3,007 | 5,281 | |||
| Motor Expenses | 7,658 | 6,222 | |||
| Heat & Light | 3,656 | 7,694 | |||
| Insurance | 254 | 786 | |||
| Depreciation | 2,345 | 2,430 | |||
| Printing, postage,and stationary | 382 | 176 | |||
| Telephone | 886 | 1,010 | |||
| Equipment Hire | 2,059 | 783 | |||
| Salaries,pension and other costs | 4&5 | 93,685 | 105,392 | ||
| Repairs & Renewals | 197 | 3,215 | |||
| Waste | 140 | 1,111 | |||
| Audit and accoutancy | 1,973 | 2,805 | |||
| Bank Charges | 1,319 | 1,571 | |||
| Loan Interest | 221 | 40 | |||
| Sundry | 188 | 78 | |||
| Total Expenses | 151,232 | - | 179,279 | - | |
| Net income/(outgoing) before transfers | |||||
| Net gain/losses on investments | - | - | - | - | |
| Net movement in funds in the year | (7,163) | - | (19,030) | - | |
| Funds brought forward | 31,264 | - | 48,474 | 1,820 | |
| Total Funds carried forward | 24,101 | - | 29,444 | 1,820 |
NewStreet Accounting 8/9 New Street Alfreton Derbyshire DE55 7BP
Give for good
Charity Number 1160803
Balance Sheet as at
31st March 2023
| 2023 | 2,023 | 2022 | 2,022 | |||
|---|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | ||
| Fixed Assets | 6 | 9,381 | 11,726 | |||
| Current Assets | ||||||
| Prepayments | 7 | 0 | 64 | |||
| Cash in hand | 2599 | 81 | ||||
| Bank | 22356 | 33254 | ||||
| VAT | 524 | 613 | ||||
| 25479 | 34012 | |||||
| Creditors:Amounts failing due | ||||||
| within one year | 8 | 10759 | 14474 | |||
| Net current Assets/Liabilities | 14,720 | 19,538 | ||||
| Net Assets | 10 | 24,101 | 31,264 | |||
| Capitals and reserves | ||||||
| Unrestricted Funds: | ||||||
| General | 24101 | 29444 | ||||
| Capital | ||||||
| 48474 | 48474 | |||||
| Restricted Fund: | ||||||
| Capital | 0 | |||||
| 1820 | ||||||
| 24101 | 31264 |
The financial statements have been prepared in accordance with the provisions relating to companies subject to the small companies regime. For the financial year ended 31st March 2018 the company was entitled to the exemption
from audit under section 477 Companies Act 2006 relating to small companies and the members have not
required the company to obtain an audit of its accounts for the year in question in accordance with section 476. The directors acknowledge their responsibilities for complying the requirements of the Companies Act 2006 with respect to accounting records and the preparation of account.
The directors declare that they have approved the accounts above.
Signed
Secretary Date
NewStreet Accounting 8/9 New Street Alfreton Derbyshire DE55 7BP
GIVE FOR GOOD
Charity Number 1160883
ACCOUNTS
For the year ended
31st March 2023 Notes
1. Accounting Policies
Basis of the preparation of the accounts
These financial statements have been prepared under the historical cost convention of the financial reporting standard FRS 102 and the statement of Recommended Practice on Accounting and Reporting (FRS 102 SORP) and in accordance with the provisions applicable to companies subject to the small companies regime under the Companies Act 2006.
As stated in the Charities Act 2011 (Group Accounts) Regulations 2015, and the Charities (Accounts and Reports) Regulations 2008, any parent charity where the aggregate gross income of the group, the parent charity and its subsidiaries, does not exceed £1,000,000 after consolidating adjustments, is not required to prepare group accounts. Accordingly group accounts consolidating the financial statements of the charity and it'subsidary undertaking have not been prepared.
Incoming resources
All material incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.
The following specific policies are applied to particular categories of income:
Voluntary Income by way of donations and gifts is included in the SOFA when received.
Grants where entitlement is not conditional on the delivery of a specific performance by the charity are recognised when receivable. Where entitlement is conditional on the delivery of a specific performance, the income is recognised in the SOFA when that performance has been met.
Grants received for specific projects are classed as restricted funds. Grants towards capital expenditure are released to the SOFA when the assets are purchased from a restricted capital fund.
Donated services and facilities are included in the value to the charity where this can be quantified. The value of the service provided by volunteers has not been included in these accounts.
Investment income is included when receivable.
Activities for generating funds are accountable when receivable.
Income from rent and room hire is accounted for when receivable.
Resources Expended
Expenditure is recognised on an accruals basis as a liability is incurred.
Costs of generating funds comprise the cost associated with attracting voluntary income and activities for generating funds.
NewStreet Accounting 8/9 New Street Alfreton Derbyshire DE55 7BP
Charitable activities expenditure comprises those costs incurred by the charity in the delivery of the activities and its services for its beneficiaries. It includes both costs that can be allocated to such activities and those costs of an indirect nature necessary to support them. Expenditure on grants is recorded once the charity has made an unconditional commitment to pay the grant and this is communicated to the beneficiary or the grant has been paid whichever is earlier. The charity has not made any grant commitments of more than one year.
Governance costs include costs associated with meeting the constitutional ad statutory requirements of the charity and include the independent Examiners fees and costs linked to the strategic management of the charity.
Costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resources. Cost allocation included an element of judgement and the charity has had to consider the cost benefit of all detailed calculation and record keeping. Directly attributable costs are allocated to the respective cost headings, including support costs where these are directly attributable. Other support costs have been appropriately allocated either on a per capita basis or on an estimated usage basis as considered appropriate.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in the furtherance of the general objectives of the charity.
Restricted funds are to be used for a specific purpose in accordance with the restrictions imposed by donors.
Designated funds are allocated out of unrestricted funds by the trustees for specific purposes. The use of such funds is at the trustee's discretion.
The cost of administering each fund are charges against the relevant fund, together with a fair allocation of management costs.
Transfers between funds are made if required and allowed under the restrictions and conditions of the particular funds involved. Where restricted funds become available for general purposes once certain criteria have been met, the surplus of income received over expenditure incurred is then transferred from restricted to unrestricted funds.
Depreciation
Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation the trustees have estimated that the original cost of the land and buildings should be allocated 50% to the land and 50% of the building.
Depreciation is calculated so that assets are written down to their residual value over their anticipated useful economic lives. Depreciation is not charged on Freehold land. Depreciation is provided on other assets using the following annual rates:
Freehold land - Not depreciated Freehold Buildings - 50 years Fixtures and fittings - 20% (reducing balance basis) Motor Vehicles - 20% (straight line basis)
Operating Leases
Rental costs under operating leases are charged to the statement of Financial Activities on a straight line basis over the period of the leases.
Pension Costs
The company has not made any pension contributions into a Defined Benefit Pension Scheme for it's employees in the year under review. Contributions to
NewStreet Accounting 8/9 New Street Alfreton Derbyshire DE55 7BP
defined contribution plans are expensed to the Statement of Financial Activities in the period to which they relate.
Taxation
The charity is exempt from tax on income and gains falling within chapter 3 part II of the Corporation Tax Act 2010 or section 256 of the Taxation and Chargeable Gains Act 1992 to the extent that these are applied to the charitable objectives.
Going Concern
The trustees are continuously reviewing the current position and future activities of the charity and consider it appropriate to prepare financial statements on a going concern basis. The trustees are aware of the requirements for sufficient working capital to meet ongoing running costs and are also aware that the charity is currently reliant, to a certain degree, on grant funding received in advance in order to provide working capital to meet ongoing running costs. If this funding in advance was to significantly reduce and sufficient surpluses were not generated then the trustees may need to seek additional finance, which may require the charity's freehold property to be provided as security.
2 Grants and Donations
| Note 2 Foundation Derbyshire |
Unrestricted funds Restricted funds Total 2023 Total 2022 £ £ £ £ - - - 12,000 |
|---|---|
| - - - 12,000 |
| 3 Information regarding employees Wages and salaries including NIC The average number on employees, analysed by function Management and administration of the charity Total |
2023 2022 £ £ 93685 105,392 |
|---|---|
| 93,685 105,392 |
|
| 2023 2022 Number Number 9 10 |
|
| 9 10 |
No employee received remunerations of more than £60,000 No member of the trustee board received any remuneration during the year.
4 Pension Costs
The pension costs shown in the financial statements for the years represents contributions payable by the charity, to a Defined Contribution Pension Scheme,
5 Intangible Fixed Assets
Patents and Licenses Cost: £ - At 1st April 2021 Additions - At 31st March 2022 -
NewStreet Accounting 8/9 New Street Alfreton Derbyshire DE55 7BP
6 Tangible Fixed Assets
| Cost: At 1st April 2022 Additions Disposal At 31st March 2023 Depreciation At 1st April 2022 Charge for the year At 31st March 2023 Netbook Value At 31st March 2023 At 31st March 2022 |
Motor Vehicles Fixtures and Fittings Computer Equipmen t Total £ £ £ £ 3,311 1,316 - 4,627 |
|---|---|
| 9,995 3,629 - 13,624 2,695 2,695 - - - - |
|
| 3,242 588 - 3,830 |
|
| 1,474 871 - 2,345 |
|
| 4,716 1,459 - 6,175 |
|
| 5,895 3,486 9,381 7,369 4,357 - 11,726 |
The freehold building Is held in the name of the official Custodian for Charities on behalf of and for usage of the charity.
The change in Accounting Policy Regarding depreciation of freehold building is reflected above - See note 1
| 7 Debtors Prepayments Other debtors VAT 8 Creditors: Amounts falling due within one year Trade Creditors Other taxes and social security Accruals and other creditors Bank Loans BB |
2023 2022 0 65 0 0 524 613 |
|---|---|
| 563 688 |
|
| 2022 2022 £ £ 2433 175 0 0 549 4614 7776 9685 |
|
| 10,758 14,474 |
NewStreet Accounting 8/9 New Street Alfreton Derbyshire DE55 7BP