The Charity Registration Number is :- 1161011
IGIVE
Report and Accounts
31 March 2023
IGIVE
Report and accounts for the year ended 31 March 2023
Contents
| Page | ||
|---|---|---|
| Trustees' Annual Report | 1-3 | |
| Statement of Trustees's responsibilities | 4 | |
| Independent Accountant's Report | 5 | |
| Funds Statements:- | ||
| Statement of Financial Activities | 6 | |
| Statement of Financial Activities - Prior Year statement | 7 | |
| Movements in funds | 8 | |
| Income and Expenditure account | 9 | |
| Balance sheet | 10 | |
| Notes to the accounts | 11-13 |
IGIVE
Trustees' Annual Report for the year ended 31 March 2023
The Trustees present their Report and Accounts for the year ended 31 March 2023.
Reference and administrative details
The charity name.
The legal name of the charity is:- IGIVE.
The charity is also known by its operating name, IGIVE.
The charity's areas operation and UK charitable registration.
The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1161011.
The charity does not operate in any overseas jurisdictions.
Legal structure of the charity
The charity is constituted as an unincorporated charity, established by a written constitution. The governing document of the charity is the written constitution approved by the members and endorsed by the Charity Commission in England & Wales (CCEW) .
The governing document is dated
25 November 2014
There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.
1
IGIVE
Trustees' Annual Report for the year ended 31 March 2023
The principal operating address, telephone number, email and web addresses of the charity are:-
209A Streetly Road Erdington, Birmingham B23 7AH Email Address: i_give@outlook.com
The Trustees in office on the date the report was approved were:-
Mr H Rashid Mr R Rashid
The following persons served as Trustees during the year ended 31 March 2023 :-
The trustees who served as a trustee in the reporting period were as shown above, and there were no changes during the year, or in the period between the year end and the approval of the accounts.
| Appointed on | Resigned on | |
|---|---|---|
| Mr H Rashid | 20/03/2015 | |
| Mr R Rashid | 20/03/2015 |
All the trustees are also members of the charity.
Objects and activities of the charity
The purposes of the charity as set out in its governing document.
Provide funding towards general charitable purposes.
The main activities undertaken in relation to those purposes during the year.
Making grants to charitable purposes for various public benefits.
The main activities undertaken during the year to further the charity's purpose for the public benefit.
Making grants to charitable purposes for various public benefits.
The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.
The main achievements and performance of the charity during the year.
The trustees approved various payments and projects for a number of causes including regular donations towards medical, educational, mosque and homeless projects.
2
IGIVE
Trustees' Annual Report for the year ended 31 March 2023
Financial review
The charity's financial position at the end of the year ended 31 March 2023
The financial position of the charity at 31 March 2023 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
| Total Funds Net income Unrestricted Revenue Funds available for the general purposes of the charity |
2023 £ 3,394 14,019 14,019 |
2022 £ (9,821) |
|---|---|---|
| 10,625 | ||
| 10,625 |
Financial review of the position at the reporting date, 31 March 2023 .
The trustees consider the financial performance by the charity during the year to have been satisfactory.
Availability and adequacy of assets of each of the funds
The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.
Details of The Independent Examiner
MR P. JAYAWARDENE
Member of The Institute of Chartered Accountants
4A The Avenue Highams Park London E4 9LD
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IGIVE
Trustees' Annual Report for the year ended 31 March 2023
Statement of Trustees' Responsibilities
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), .
In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to :-
-
to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
-
select suitable accounting policies and apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate
to presume that the charity will continue in business;
- state whether applicable accounting standards and statements of
recommended practice have been followed, subject to any material
departures disclosed and explained in the financial statements;
The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act 2011. 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.
The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that, on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.
This report was approved by the board of trustees on 8 July 2023.
RRashid
RRashid (Jul 17, 2023 11:29 GMT+1)
MR R RASHID Trustee
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IGIVE
Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 31 March 2023
I report to the trustees on my examination of the financial statements of IGIVE (‘the charity') for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet and related notes.
This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed.
Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s financial statements 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, Report and Opinion
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 financial statements do not accord with those records; or
The financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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 financial statements to be reached.
Signed:-
MR P. JAYAWARDENE - Independent Examiner
Member of The Institute of Chartered Accountants
4A The Avenue Highams Park London E4 9LD
This report was signed on 8 July 2023
5
IGIVE - Statement of Financial Activities for the year ended 31 March 2023
Statement of Financial Activities for the year ended 31 March 2023
| Income & Endowments from: Donations & Legacies A1 Total income A Expenditure on: Charitable activities B2 Total expenditure B Net income for the year Net income after transfers A-B Reconciliation of funds:- E Total funds brought forward Total funds carried forward SORP Ref Net movement in funds |
Current year Unrestricted Funds 2023 £ 39,577 39,577 36,183 36,183 3,394 3,394 3,394 10,625 14,019 |
Current year Restricted Funds 2023 £ - - - - - - - - - |
Current year Total Funds 2023 £ 39,577 39,577 36,183 36,183 3,394 3,394 3,394 10,625 14,019 |
Prior Year Total Funds 2022 £ 32,519 |
|---|---|---|---|---|
| 32,519 | ||||
| 42,340 | ||||
| 42,340 | ||||
| (9,821) | ||||
| (9,821) | ||||
| (9,821) 20,446 |
||||
| 10,625 |
The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.
All the prior year transactions were unrestricted items, and no further analysis is required
All activities derive from continuing operations
The notes attached on pages 11 to 13 form an integral part of these accounts.
6
IGIVE - Statement of Financial Activities for the year ended 31 March 2023
IGIVE - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP
| Income & Endowments from: Donations & Legacies A1 Total income A Expenditure on: Charitable activities B2 Total expenditure B Net income for the year Net income after transfers A-B Reconciliation of funds:- E Total funds brought forward Total funds carried forward SORP Ref Net movement in funds |
Prior Year Unrestricted Funds 2022 £ 32,519 32,519 42,340 42,340 (9,821) (9,821) (9,821) 20,446 10,625 |
Prior Year Restricted Funds 2022 £ - - - - - - - - - |
Prior Year Total Funds 2022 £ 32,519 32,519 42,340 42,340 (9,821) (9,821) (9,821) 20,446 |
|---|---|---|---|
| 10,625 |
All activities derive from continuing operations
The notes attached on pages 11 to 13 form an integral part of these accounts.
7
IGIVE - Statement of Financial Activities for the year ended 31 March 2023
Movements in revenue and capital funds for the year ended 31 March 2023
Revenue accumulated funds
| Unrestricted Funds 2023 £ Accumulated funds brought forward 10,625 3,394 14,019 Closing revenue funds 14,019 Summary of funds Unrestricted and Designated funds 2023 £ Revenue accumulated funds 14,019 Total funds 14,019 Recognised gains and losses before transfers |
Restricted Funds 2023 £ - - - - Restricted Funds 2023 £ - - |
Total Funds 2023 £ 10,625 3,394 14,019 14,019 Total Funds 2023 £ 14,019 14,019 |
Last year Total Funds 2022 £ 20,446 (9,821) |
|---|---|---|---|
| 10,625 | |||
| 10,625 | |||
| Last Year Total Funds 2022 £ 10,625 |
|||
| 10,625 |
The notes attached on pages 11 to 13 form an integral part of these accounts.
8
IGIVE - Statement of Financial Activities for the year ended 31 March 2023
IGIVE - Income and Expenditure Account for the year ended 31 March 2023
| Income Income from operations Gross income in the year before exceptional items Gross income in the year including exceptional items Expenditure Charitable expenditure, excluding depreciation and amortisation Governance costs Total expenditure in the year Tax on surplus on ordinary activities Retained surplus for the financial year Net income after tax in the financial year Net income before tax in the financial year |
2023 £ 39,577 39,577 39,577 35,683 500 36,183 3,394 - 3,394 3,394 |
2022 £ 32,519 |
|---|---|---|
| 32,519 | ||
| 32,519 | ||
| 41,840 500 |
||
| 42,340 | ||
| (9,821) - |
||
| (9,821) | ||
| (9,821) |
All activities derive from continuing operations
The headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.
The notes attached on pages 11 to 13 form an integral part of these accounts.
9
IGIVE - Balance Sheet as at 31 March 2023
| Note SORP Ref Current assets B Cash at bank and in hand B4 Creditors: amounts falling due within one year 2 C1 Net current assets 3 The total net assets of the charity The total net assets of the charity are funded by the |
2023 2022 £ £ 22,139 11,245 (8,120) (620) 14,019 10,625 14,019 10,625 funds of the charity, as follows:- |
2023 2022 £ £ 22,139 11,245 (8,120) (620) 14,019 10,625 14,019 10,625 funds of the charity, as follows:- |
|---|---|---|
| 10,625 | ||
Restricted funds
| Unrestricted Funds Unrestricted Revenue Funds 5 D3 14,019 Designated Funds Total charity funds |
- 10,625 14,019 14,019 |
- 10,625 |
|---|---|---|
| 10,625 |
The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..
The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.
The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 5.
The Trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
RRashid
RRashid (Jul 17, 2023 11:29 GMT+1)
MR R RASHID
Trustee
Approved by the board of trustees on 8 July 2023
The notes attached on pages 11 to 13 form an integral part of these accounts.
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IGIVE
Notes to the Accounts for the year ended 31 March 2023
1 Accounting policies
Policies relating to the production of the accounts.
Basis of preparation and accounting convention
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.
Policies relating to categories of income and income recognition.
Nature of income
Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Categories of Income
Income is categorised as income from exchange transactions (contract income) and income from non-exchange transactions (gifts), investment income and other income.
Income from exchange transactions is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser.
Income from a non-exchange transaction is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.
Income recognition
Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.
Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.
All income is accounted for gross, before deducting any related fees or costs.
Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
There are no endowment funds.
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IGIVE
Notes to the Accounts for the year ended 31 March 2023
| 2 Creditors: amounts falling due within one year Accruals Other creditors 3 Income and Expenditure account summary At 1 April 2022 Surplus after tax for the year At 31 March 2023 |
2023 £ 1,120 7,000 |
2022 £ 620 - |
|---|---|---|
| 8,120 | 620 | |
| 2023 £ 10,625 3,394 |
2022 £ 20,446 (9,821) |
|
| 14,019 | 10,625 |
4 Particulars of how particular funds are represented by assets and liabilities
| At 31 March 2023 Current Assets Current Liabilities At 1 April 2022 Current Assets Current Liabilities |
Unrestricted funds £ 22,139 (8,120) |
Designated funds £ - |
Restricted funds £ - - |
Total Funds £ 22,139 (8,120) |
|---|---|---|---|---|
| 14,019 | - | - | 14,019 | |
| Unrestricted funds £ 11,245 (620) |
Designated funds £ - - |
Restricted funds £ - - |
Total Funds £ 11,245 (620) |
|
| 10,625 | - | - | 10,625 |
5 Change in total funds over the year as shown in Note 4 , analysed by individual funds
| Unrestricted and designated funds:- Unrestricted Revenue Funds Total unrestricted and designated funds Total charity funds |
Funds brought forward from 2022 £ 10,625 |
Movement in funds in 2023 See Note 6 £ 3,394 |
See Note 0 £ - Transfers between funds in 2023 |
Funds carried forward to 2024 £ 14,019 |
|---|---|---|---|---|
| 10,625 | 3,394 | - | 14,019 | |
| 10,625 | 3,394 | - | 14,019 |
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IGIVE
Notes to the Accounts for the year ended 31 March 2023
6 Analysis of movements in funds over the year as shown in Note 5
| Unrestricted and designated funds:- Unrestricted Revenue Funds |
Income 2023 £ 39,577 |
Expenditure 2023 £ (36,183) |
Other Gains & Losses 2023 £ - |
Movement in funds 2023 £ 3,394 |
|---|---|---|---|---|
| 39,577 | (36,183) | - | 3,394 |
7 The purposes for which the funds as
Unrestricted and designated funds:-
Unrestricted Revenue Funds
These funds are held for meeting the objectives of the charity, and to provide reserves for future activities, and, subject to charity legislation, are free from all restrictions on their use.
8 Ultimate controlling party
The charity is under the control of its legal members.
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