COMPANY REGISTRATION NUMBER: 05887661 CHARITY REGISTRATION NUMBER: 1165209 Good Things Foundation Company Limited by Guarantee Consolidated Financial Statements 30 June 2025 AEVF3PW' 0710212026 cOANIEs HOUSE 152
Good Things Foundation Company Limited by Guarantee Financial Statements Year ended 30 June 2025 Pages Trustees. annual report (incorporating the directors. report) 1to19 Independent auditorfs report to the members 20to24 Consolidated statement of financial activities (including income and expenditu account) 25 Consolidated statement of financial position 26 Company statement of financial position 27 Consolidated statement of cash flows 28 Notes to the financial statements 29to39
Good Thlngs Foundation Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors, Report) Year ended 30 June 2025 The trustees, who are also the directors for the purposes of company law. present their report and the financial statements of the group for the year ende(130 June 2025. RefgrenGe and adrninistralive details Reglstered charity narne Goryj Things Foundation Charity registration number 1165209 Company registration numbor 05887661 Principal office and registered Showroom Workstation office 15 Paternoster Row Sheifield S1 2BX The trustees E A Williams RAGClare N A Wallace Dean D Bernard J Hawker VAII T S Hillsdon J A Upton T Beautyman M Booth J Reynolds C Rose D J Zinkin H L Milner N Khan H J Whelan L O Branch Chair (Appointed 15 January 20251 (Appointed 15 January 2025) {Appointed 15 January 20251 {Appoinled 15 January 2025) {Appointed 17 June 2025} {Appoinled 17 June 20251 {Resigned 17 June 2025) {Resned 75 January 2025) (Resigned 31 December 2024) (Resigned 28 November 2024} Company secretary A Badow Auqlitor Hebblelhwartes Chartered accountants & slalutory auditors 2 Westbrook Court Sharrow Vale Road sheffld S118YZ Bankers The Co-operalive Bank pl Cambridge & Counties Bank Limiled Sollcitors Stone King LLP
Good Things Foundation Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directors, Report) (cootinu•d) Year ended 30 June 2025 Good Thbngs Foundation is a leading UK digilal inclusn charty. We want to ftt the digilal divide - for od. We work. in partnership. in cl1, towns. arKI communities lo help people thrive in a digital wortd. Our Alms and Objectives Purposes and Airns Our charity's wrposes as sel oul in the objects contained in company's Articles of ASSlatIon are for public benefit and ¥e-. To develop the eapathty and skills of the members of the srtially and economieally disadvantsged community in such a way that they are better able lo identrfy and to help meet their needs and to participate more fully in society.. To advance education of the public in digrtal skills and in information lechndogy.. To promote social indusion among those who are exduded from SoCty and who lack either aCsS to online services Of necessary skn.lls in inf0MtL)n technology or digitsl skills: and To advance otizenship by developing the information technology skills of Ihe public so that they are beller able lo participate in society as acbve and SPOnsIble olizens. Our mission is lo ensure that everyone can participate in a digitsl society now and in the future. We want people to be digitally connected. confident and safe, so that Ihey can be happier. healthier and belter off. Changes to our Group Structure and Chief Executive Officer Effective from 1 July 2025. Good Things Foundation {our UK charrty} and Things Foundation Ltd (Auslralian registered an(5 domioled charityl became separate legal entities and began operating independently from a governance per5pectNe. The legal separation represented a natural evolulhJn for both organisations, and whilst not tied lo each other from an ownership perspeclwe. going forward both enlilies are committed lo collaborating lo ensure people are connected and confident in the digital world, and will continue to explore joint iniliats"ves. from Gel Online Week our annual internalonal digital inclusion campaign. lo global adv¢xacy and sharing best practr. Up until. and for the whole of the financial year ended 30 June 2025 Ito Nthich these financial slalements relate), Good Things Foundation was the sole member and parent of Good Things Foun(Salion Ltd. Therefore the financial statements kyesented are consolidated and represent the perfonnance of both enlities combined. From 1 July 2025, Good Things Foundation eeased being the parent entity and Good Things Foundation Ltd became an independent entity in Australia. As part of this change, the organisation's governance structure was updated. with the local Board Directors appointed as the members of Good Things Foundation Ltd. In future, the financial statements will no longer be consolidated, nor will they indude the performance of the Australian entity. Good Things Foundation Ltd.
Good Things Foundation Company Limltsd by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) (conllnUj Year ended 30 June 2025 Changes to our Group Structure and Chief ExKullve Officer l¢ontinu•dl On 17 September 2025 our FtyJnder and Chief ExecutNe Offir I-CEO") Hden Milner announced that she 15 to retire in Spring 2026, after 15 years of dedicated service, which started wrth her founding Ihe charity in 2011. Helen has been inslrufflental in establishing and devdoping the organisation, significantly advancing awareness of digital indusion and supporting digrtally excluded people and we would like to thank her for her unwavering dedication and commendable achievements. Ensuring our work delivers our aims We review our aims. objectives. and aclivil*s each year. This review looks al what we have achieved in the last 12 months. and the benefrts this activity has driven for both people and communities. This review also help5 us lo ensure our aims. objectives and activities remain focused on our slated purposes. We have referred lo the guidance contained in the Charity CoMmissn'S general guidance on public benefit when reviewing our aims and objeclNes and in planning our future activities. In particular. the trustees consider how planned aclivilies will contribute lo the aims and objectives they have set. Current state of the digital divide in the UK In Ihe UK today, there are 1.9 million hoUSehdS that Struggle to afford their mobile contract (Ofcom, Affordability Track&r, 20251, 1.6 million adults don't have a digital device. and 7.9 million lack the digital basics {Lloyds Banking Group, ConsUmerDlt1Index, 2024). Digital incfu5ion- ensuring that everyone has the access. skills. support and confidence lo participale in a modefn digital society - is critical,. il enables employment, ed(ation. health and finance. as well as shopping, 5POrts and leisure IDSIT, Dlt81 Inclusion Action Plan. 2025). Yel the issue remains urgent in all four comers of the country. with 3.7 million families living below the Minimum Digital Livin9 Standard (Good Things Foundation's MDLS. T1 Mtnimum Digital Living Standard. 2025}. Our Strategy In 2022 we embarked on an ambitious &year strategy to "Fix the Digital DivKle in the UK - For GcN)d' through achieving clear goals. By the erKI of 2025. our ambit)n was to.. Engage 1 million people across the UK. helping them benefit from the d1131 world,. and Grow and support 5,000 active d1131 iruSion hubs. across the rtion to respond lo local needs {Ihis is the National Digital IlusIon Network). The strategy was cenlred around our mprehenSIVe offer that addresses the key barriers lo digital inclusion.. The National Databank provides free motyle dala for those struggling lo afford connectivty", The National Device Bank fefurbishes donations of used tech from private and public sector organisations. getting devices into the hands of Ihose who can't afford thew own.. and The National Digital Inclusion Ne Ihal is made up of thousands of community-based hubs where people can get SUPPOrt lo develop their confidence. gain new basic digital skills. learn to use essential online services. and access our digital inclusion services including Learn My Way lour ordine learning content).
Good Things Foundation
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directors. Report) (¢OnlinuedJ
Year ended 30 June 2025
Our Strategy (continued)
We were incredibly Fyoud lo have been able lo annnce during the year that these goals had been
achieved ahead of the end of the strategy peri
Good Things Foundation Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors, Report) fcwtinwdj Year ended 30 June 2025 Achievements and Performanco How our activities deliver public benefit All of Good Things Foundation's charitable activities focus on helping people lo be happier. healthier and better off by being digitally connected. confident and safe. Our main activities and the people we have helped are described below. UK Advocacy and Campaigning The start of the year coincided wrf(h the election in July 2024 of a new Labour g)vernment in Ihe UK. Building on our work in the run up lo the General Election to increase awareness of digital inclusion across the three main political parties. we worked well th the new government to support their prioritisation of digrtal inclusion. This included in August 2024. hosting four roundlables for the Departmenl of Science, Innovation and Technology I"DSIT"l. convening experts from across the Country and across sectors for one purpose.- lo feed into the new govemmenl's thinking on digital inclusion. In February 2025. DSIT launched their DNJilal Inclusion Action Plan. and a new cross-government ministeri81 group was established lo ensure that digital indusion is central lo boosling employability and accessing vital services. The launch of the acts.on plan, placed digital inclusion on the national agenda for the fir51 lime. something Good Things Foundation has been advocating for Ihe past decade, and we welcomed the Digital Indusion Action Plan as a significant and important step foward in fixing the digital divide. The &lion plan announced fNe immediate key actn$ for driving forylard digital inclusion- A new Digital Indusion Innovation Fund in partnership with local leader5 and devolve(J government. The lolal funding available for England is £7.3 million,. awards were made in October 2025. for projects to be completed by March 2026. We were pleased that Good Things FoundalTron was awarded fvjo contracts totalling £0.3m; Support for a framework Ihal helps people and businesses gel essential digital skills and confidence they need lo thrNe,' Govemmenl unlod(ing unused deViS. for a second lrfe 7Mlh people who have experience of digitsl exclusDn- Making government servi$ eaSr lo use. and irtreasing the number of people a¢ssing government services online" and Measuring what works for digital inclusn, iluding both the economic and s¢xial value of action. The Digital Inclusion Action Plan induded a call for evidence. and in April 2025 we provmjed both our and the National Digital Inclusion Nelwofks. views on the action plan and how we think systemic change in terms of digital inclusion can be achieve(l_ In May 2025, we launched our new policy asks of government. and brought some of these to lrfe through a roundlable discussion vthh Baroness Hilary Armstrong. who was appointed as Chair of the government's Digital Inclusion Action Committee. that will be holding the government lo account on ils digital inclusion commitments. The roundtable broughl together decision makers. and those holding the
Good Things Foundation Company Llmited by Guarantee Trustees. Annual Report (Incorporating the Directors, Report) Year ended 30 June 2025 UK Advocacy and Campaigning (continued) government to acc(MJnl. wtth leaders from the National Digital Inclusion Network. our Strategic Partners, volunteers and people with experience of digrt indusion. ongside the govemment and major corporate partners irKluding VodafoneThree, Deloitte and Virgin Media 02, we co-developed and supported the governmenl's launch (June 20251 of the IT Reuse for Good Charter. The charter encourages organisations to donate pre-loved teeh lo support digitally excluded people. It builds on the success of the National Device Bank and is supported by a playbook that sets out the practical steps that organisats.ons need to go Ihrough to allow secure donation of their deves. (Xjr annual 1131 inclusion campOn Gel Online Week fGOLv4f), wthich has been running since 2007. look place in October 2024. There were over 1,000 evenls hosted by over 600 Digital Inclusion Hubs around the UK. wlh over 13.000 people attending these events. UK Natlonal Digital Incluslon Network The National Oigital Inclusion Networt( is made up of thcmjsands of mmunIty organisalions. all working lo tackle digital exclusion. We have demonstrated that a model of local. community-based support is effective for increasing digital inclusion. Based in comrnunilies, Digital Inclusion Hubs are safe. trusted spaces where people can build confidere in using digital through tailored digital support. Staff and volunteers in Hubs offer holistic support, addressing not just digital needs bul also wider challenges faced by those seeking help. The National Digital Incluslon Nelwcffk is predominanlty made up of not for profit organisalions and social enterprises, but over the strategy perio(l ils make-up ha5 evolved. We have seen more and more commercial organisalions sign up lo become Digital IrKlusion Hubs. includtrYJ 02 retail slofes and Virgin ' Money branches. Having already surpassed our strategy target of growing the National Digital InClusn Network to over 5,000 al Ihe end of last year. the srze of Ihe network continued to grow and reached 7.729 Digital Indusion Hubs al 30 June 2025. an irease of 2.180 the prior year (2024.. 5.5491. Being part of the National Digilal Inclusion NeN¥ork enables Hubs lo build their capacity lo deliver more digital inclusion svpwrt, through grants. training and other resources. Since the start of our strategy in April 2022 we have provided £6.2m in gran15 to Digitsl Inclusion Hubs, induding £1.1 m in the current year 12024.. £2.1 ml. This support has been enabled by our funders. Google.org. HMRC. JPMorgan Chase Foundation, London Office of Technology and Innovaln. Yorkshire Building Society and our Strategic Partners. In addition to grants, we have provided Ihe National Digital Inclusion NeOrk with over 20,000 refurbished devices and 300.000 ffl0bi SIMS and data packages. which have an eslimated total value of £16.5m. We regulady bring together Hubs from across the counlry. enabling them lo connect and learn from each other as well as Increasing their understanding of the wider (Jigital Inclusion landscape. with access to more knowledge. free training and other SUPKN)rt services. research and funding opportunities. We run meel-ups lo enable Hub5 to share practice and ask questions.. these are open to all Hubs. as well as dedicated meel-ups for Hubs led by libraries.
Good Things Foundation Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors, Report) (ronlinu¢dJ Year ended 30 June 2025 UK National Databank The National Databank was launched in July 2021 by Gocxl Things Foundation and Virgin Media 02 and is now also supported by VodafoneThree. 11 is an award-winning initiative {Posilive Impact Award for Technology at the New Statesman Awards and Ihe Best Community Initiative Award at the Corpcomms Award51 and the first cross-seclor collaboralM)n of its kind in the wodd. The National Databank provides free SIMS for mobile connectivity las well as lalk minutes and texts) to people experiencing data poverty arKJ vulnerable people in need. These SIMS are donated to Good Things from Virgin Media 02 and VodafoneThree. Over the last 12 months, the number of Digital Inclusion Hubs that are registered databanks and dislribulors of free SIMS increased by nearly 1.200 locations lo 3.702 locations al the end ol June 2025 12024". 2,5041. This meant Ihal we were able lo help significantly more people. vAth these locations issuing over 183,OfKJ data packages to individuals and families in the year. taking the lolal number issued al the end of June 2025. since the COMMenMent of tyjr strategy lo 313,937 {2024'. 131.2721. As we deploy our new strategy. we will continue lo focu5 on data poverty as a signrficanl baler lo digital inclusion. We will be reviewing the findings of the Dats Poverty Lab. that we have been running since 2023, and explore the role of drflerent data poverty solutions alongside, and including the National Databank. We will be developing the National Databank so it is more efficient, sustainae and its Impact is more targeted lo those with the very eatest need. UK National Davi Bank Good Things Foundation launched the National Device Bank in 2022, follovAng two years of providir free, new devices to people in need during the Covid-19 pandemic. The National Device Bank receives donation5 of corF)orale technology from public and private sector organisalions. These devices are then securely wiped and refurbished by our accredited technology partner Reconome - and distributed via the National Digitsl Inclusion Network. to irHYNluals and families who do not have access to, and who cannot afford. a devu. The National Device Bank distributed 11,523 devrces during the year. a significant InC3$e on the prior period12024." 4.079}. drwen by increased awareness and confidence in Ihe scheme, which has brought in a nurnber of new donor Organisations. Al the end of June 2025. the National Device Bank had dislribute(i a lolal of 20.031 devices over the period of the strategy. Despite this growth, demand from Digilal Inclusion Hubs for phones. tablets and laptops has continued to exceed supply, and we have continued to invest in new ac11vilS lo address this. This has Included working with the riew Labour government to launch the IT Reuse for Good Charter and working wilh our technology partner on a range of new inilialives lo make il easier for organisalions lo support the National Device Bank. The benefits of the National Devi Bank are wider than digital inclusion, including keeping valuable resources in cireulalion, saving the planet energy. raw materials and emissions. At a lime when Waste Electronics and Electrical Equipment IWEEEI is the faslesl grwng waste stream in the world. reuse is the most sustainable framework for managing WEEE_ By Ihe end of June 2025. the National Dev*ce Bank had éiverted over 128,000 kg of E-waste from landfill and prevented the creation of nearly 14 million lonnes of C02e emissions, since commencement.
Good Things Foundation Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors, Report) (¢onlirtu¢d) Year ended 30 June 2025 UK National Device Bank (continued) The National Device Bank has received donations from businesses. public organi5alions and local authorities. including Aggregate Industries Uk limited. Aliaxis Holdings UK Limited, Allanlic Language Services, Bristol Myers Squibb, 8T Pl¢, Buzz Inleraclive Solutions Ltd, Cellnex. Circana UK Ltd, Citizens Advice Hammersmilh and Fulham. City of Glasgow College. Comex 2000 IUKI Limited. Deloitte, Doccla UK Limrted, Ealing Council, Easyholel Limited. EDF Energy, Elixel. Forward Carers CIC, Glasgow City Council. Greater London Authority, GSK Plc. HartlePower, Historic England. HSBC Bank PLC. IOP Publishing Limited, ITV Plc, Jaguar Land Rover. Jenson Group. John Wiley & Sons Ltd, KeyRing Living Support Networks, L&Q Grovp. Lancashire County Council, Learn Sheffield, LHC Procurement Group, LIBF (London Inslitule of Banking and Finance). Liverpool City Region. Local Care Direct Limited, London Borough of Camden, London Borough of Hounslow. London Borough of Islinglon, London Councils Limited, London Metropolitan Police Macquarie Group Ltd. Madelech Limiled, Making Music, Microsoft, MMGY Global, Mobile Broadband Nehvork Limited IMBNL), Money Wellness, National Children'5 Bureau, National Grid Plc, National School of Healthcare sence. Nelcompany UK Limited. Nokia UK Limited. Nolonlhehighstreel Enterprises Ltd. Nucleus Group Services Limited. Ocado Group, Oxgene, People's Partnership, Phoenix Group, Placecube Limited, Reach Plc. Ready Tech Go Limited, RealSAM Ltd, Redbridge London Borough Council. Royal 8ugh of Kensington and Chelsea. RSA Insurance Group, Salesforce UK Limited, Sefton Council. Shared Technology Services, Stadler Rail Service UK. Talk UK Telecom Ltd, TapTap Giving Ltd. Tax Systems Limited. TCL Technology, Team Love, Telenl Technology Services Limited. Tenancy Deposrt Scheme. Thames Water Lirnited. The National Employment Savings Trust Order {NEST). Tin Man Communications Limited. Toyota IGBI PIC. Virgin Media 02, VodafoneThree. West Sussex Library Service. Westminsler City Council. Western Power Distribution, Which? Wildanel army ZerKJ Ltd. Learning and Skills Learn My Way is our free online leaming platfomi that hdps people gain basic digital skills to make the most of our online wodd. There are over 2.500 Di9iial Inclusion Hubs using Learn My Way across Ihe UK. People can vi51t Hubs in their local cornmvnities and get support to register for and use Learn My Way. Altemalive. they can access Leam My Way independentty using their own devices. Leam My Way has over 100 fe bite-stzed topics. covering subjects from the basics of using a touch screen through to using technology for social and financial inclusion. Leamers can choose a starting topic and build a personalised learning programme based on their digital needs and learning goal5. Initially launched In 2011 and revamped in Spring 2023 as part of our current strategy. the platform has supported over 1.7m people to learn new digital skills. including nearty 24,000 in the past year and 121.852 in the current strategy perioé (April 2022 to 30 June 20251. Through Ihe support of Ofcom, we were able to develop and launch new learning eontent on digital and media literacy. This conlenl was developed in consultation vAth Digital Inclusion Hubs and focused on enabling people to enhance their exisling digrtal literacy support to indude criltcal thinking and media literacy. We also updated several topies. lo reflect developments in the digital worfd, induding the"Buying things online. topics. to include fingerprint recL¥Jnilion for validating card payments and the "Online rules and regulations" topics, lo indude learning about illegal conlenl as set out in the Online Safety Act. Outside of Learn My Way, we have continued to expand our learning material on Artrficial Intelligence, which fseS on addressing people's fears and misconceptions about Al and encourages them lo feel Ihal Al could be a useful tool lo support them with everyday tasks. This has included creating two new guides for Digital Inclusion Hubs lo help them support digitally exduded people seeking work. These
Good Things Foundation Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors, Report) (thitinidl Year ended 30 June 2025 Lèaming and Skills {contin(wd) were'A guide lo implementing Al for employability training and Supp.. eSIgned wth Work For Us. part of Citizens Advice Milton Keynes. and "Al to$ to support job seekers.. Our Strategic Partner. Accenture. has hosted Hubs at their offices in London and Manchester for training on Al - This has proved very popular and valuable in helping Hubs to support the people in their communities. Post the year end in September 2025. we launched the Al Gateway, our new free. open access training offer designed lo boost Al literacy and confidence, ensuring everyone is able lo benefit in a world being transformed by artificial intelligence. This valuabje resource wll allow Digilal Inclusion Hubs to develop their understanding so they can 5UPPOrt others with kno%•ledge and Credibility, and enhance their current doilal inclusion prograrnmes with ready-lo-use. hands-on Al literacy leamirMJ. In addrtion lo the conlenl we provide, Hubs also develop their own resources and sessions aiming lo help local people in a way that suits Ihe Hubs and beneficiaries. During meel-ups and other sessions, Hubs are encouraged to share eaS and g¢xJ practices in imwoving people's internet confidence and skills. Our Strategic Partners Our impact would not have been possible without the support of tyjr Strategic Partners. We're irtredibly 9raleful for Ihe multi-year strategic partnerships we've established with Virgin Media 02, VodafoneThree, Nominet and Accenture. They've made signrficant inve51menls. both financol and non- rinancial, to help us achieve our vision of a digitally inclusive society. and are working with us eollaboralively lo fix the digital divide. For example during the year.. Virgin Media 02 sel up the National Databank with us in 2021 and cont4nue lo provide support. through raising awareness campaigns and providing free data alongside VodafoneThree. Their 02- branded, national Chnstmas campaign. which ran from November 2024 to January 2025"Snowing SIMS", focused on digital exclusion and data poverty- The rnulli-channel campaign included national TV adverts and broke through in a way that Good Things Foundation and the National Digital Inclusion Network would never be able to alone. The eampaign supporte(J Good Things greatly, with irueased public awareness and raisiro the issue of dala poverty lo the wider public", V¢xiafoneThree worked alongside us to ale Ihe IT Reuse for Good Charter, and sil on the charter's steering group, with DSIT. Deloitte and ourselves. The charter seis a new slandard for responsible. sustainable IT asset management in the UK. and promotes a 'reuse first. approach lo IT assets and is an opportunity for organi5alions lo gwe their devices a second life by TefurbishirKJ and grfting them lo someone who is digitally excluded.. Nominel supphjrted the Data Poverty Lab. %thich wa5 forrned lo find sustainable solutions lo data poverty. In June 2025 Ihe Dats Poverty Lab issued ils lalesl feport. which focused on the role of innovation, both technological and systematic, in tackling data poverty. 11 highlights the untapped levers for change that lie wlhin our policy frameworks. our regulatory slnjclures, and digiial infraslructure. Nominet's financial support was also a key contributor to our 'Fix the Digital Divide Grants" paid in the year, a fund providing cash grants to Digital Inclusion Hubs to allow them to support dMJilally excluded people in their communities.. and Accenture organised a roundtable of key pdilical and industry stakeholders al the House of Lords, lo accelerate action on digital inclusion. They have also played a key role in developing our Al learning and skills offering. working dosdy with us on the creation of our new Al Galeway. Ythh launched in September 2025.
Good Things Foundation Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) (conlintsedj Year ended 30 June 2025 Other Initiatives in the UK We have continued our work %Mth Gel Online London throughout the year. arK1 are pleased that the contract was renewed for a further 18 months lo December 2026. Gel Online London is our digital inclvsion service started in July 2022. lo accelerale activilies so that we can help more Londoners gel online and redu digital exclusion in London. 11 is run in partnership with and funded by the London Office of Technology and Innovation (LOTI) and the Mayor of London. Al 30 June 2025, Gel Online London had issued more than 73.000 free (Jala SIMS lo people, the London Device Bank. as part of the National Device Bank. had provided 9,469 devices. and 12.969 people had learnt digital skills through Learn My Way. This was provided through 1.293 DMJilal Inclusion Hub5 Iated acr055 London. In February 2025. our 4-year programme with Yorkshire Building Society to boost employability through digital skills in 8radford carne lo an end. The programme supported over 1.600 people. including 567 in the fin81 year. The programme was very successful in improving people's digital skills and confidence, and in enabling people lo build skills around looking for employment. In the final year. 100Yv of people supporled reported that they felt more confident and able to stay safe online. 97% felt their job or business prospects had improved, 87% have started accre(liled Irainiro or a qualificaty'on and 74% have applied f¢y a job since receiving 5UPPOrt. We remain part of the NHS'S Health & Wellbeing Alliance, with funding being renewed for a 5th year. Durillg the year, we have delivered projects lo promote digital inclusion for health, and explore what the beliefs and trust barriers are to using dwjilal health services and how these may be overcome. As Ihe NHS begin lo implement their new Ten Year Plan, we will continue lo work with the NHS and neighbourhood health services to 'bak&in' doilal inclusion at Ihe point of need. We continued to deliver our programme with HMRC. whth involves Digital Inclusion Hubs providing benefits advice. along51de support for developing basic digital skills. The contract is now in ils ftfth year and rvns until 2027. The programme supported people lo undertake over 4,600 customer interactions th the HMRC In the last year alone (10 30 June 2025). In Wales we celebrated 6 years of WOTking in PartrshIp with Cwmpas and the Wale5 Govemment, lo grow the National Oigilal Inclusion Nelwork in Wales and éeliver Learn My Way learning content In the Welsh language as well as In English. We have supported Cwmpas in develop1ng the Digital Inclusion Alliance Wales. which has over 100 members from the public and private sector, focused on ensuring that everyone wants lo in Wales. is able to access and use digital tools and technologies in their everyday lives and has the confidence lo do so. In Scotland we have continued to work dosely with SCVO (the Scollish Council for Voluntary Organisalionsl and the Scotts'sh Government. lo ensure that people in Scotland can have a¢¢ess lo and benefii from our services. We co-hosted a workshop to bring together policy makers and third sector organisalions working on child poverty with those workiro on digital indusion to catalyse acbon. We have partnered with Sport England lo explore the links behveen digital indUSn and physical activity. Through this work we identrfied opportunities for Sport England to support digital inclusion to increase engagement in sport arKJ exercise. particularfy amongst those who face the rnosl barriers lo gelling aclrve. 10
Good Things Foundation Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) (eontinuedj Year ended 30 June 2025 In Australia Good Things Foundation Ltd. known as Gocmj Things Australia. also had a significant impact on digilal indusion in Australta. In the year en¢Je($ 30 June 2025, we supported over 49,000 Australians to build their digital skills and confidence, and distributed AU$5_Om in gran15 10 1.056 community organisalions located across Australia. A signrficant proportson of this was done through our flagship Be Connected programme. Be Connected is a nationwide dwital skills prograrnme funded by the Australian Government and runs until 2028. Gwd Things manages the multi-million dollar grant programme, which supports our incre(iible network of more than 4,000 community organisations, who 11 enable hundreds of thousands more Australians lo build their digital skills an¢J COnf¢den over the coming years. The programme also upskilled over 1.OCKI people to become dNJital mentors in the year. and as of 30 June 2025 the were over 2.9)0 active Digital Mentors in our netsvork. We continued our innovative Digital Sisters progamme. which aims lo empower migranl and refugee women lo build digital skills aThJ social connections. Durin9 the year this included our Al for Good inilialive, which with the support of funding partners MIOsoft and Telslra was able to provide grants of AU$5,000 10 20 cornmunily organi53lions and support over 600 women in developing Al skills and literacy. Additionalty. 42 brand new Al lrteracy resources were developed using our research findings to support programme delivery and educate the wider general public. In May 2025 we launched Games for Good. a w3mMe that will help make the inlemet a safer and friendlier place for everyone. helping people with intellectual disability to use the inlemel more safely. This programme is made possible with 5UPWrt from Gwgle.org and uses fun games and stories so people wilh intellectual disability will learn how to rnake safer online friendships, shop and manage mney online, and use the internet with more confidence. The Good Things Group's annual digital inclusion campaign. Gel Online Week. was held in the UK and Australia in October 2024. In Australia. we supported over 20.000 people becoming more confident online, through over 1,000 events Iwaled across the natson by Good Things community partners including librarie5. community cenlres. support groups and Bendigo Bank branches. The campaign also reached 44 million people online through PR media and digital skills conlenl posted on social media. We continued lo p$S the case for Digital Indusion rn Australia. Our advocacy work during the year included hosting the Minister for Social Services in February 2025. to meet migranl and fefugee women taking part in the Digital Sisters programme. with the Minister announcing Aus7.000 in funding to continue the programme to June 2026. to support 2.200 women through 55 community organisations across Australia. We also met with the New South Wales I-NSW'I Minister for Cuslomer Service and Digital Government lo discuss the benefits of the Australian National Device Bank and attended the launch of NSW'S first dlgilal inclusion strategy. We presented the importance of digital inclusion for people with intellectual disability as the Infoxchange "Tech for Social JustTh" conference. with this presentation being highlighted as one of the m051 impactful of the conterence.
Good Things Foundation Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) {continwd) Year ended 30 June 2025 Financial Reviow PrinGipal Funding Sources As with the previous year, the majority of our UK funding came from the private sector, wth the primary source our Strategic Partners Virgin Media 02, VodafoneThree, Nominet and Accenture. Any funding received from our Strategic Partner5 that remained unspent at the yearend is reported within designated reserves al 30 June 2025. We also received funding from several other private organisalions and nol for profil organisalions, including-. Yorkshire Building Society. Virgin Money l Nationwide. Okta, EE. the tsop, Sport England, the Digital Servus Consortium, Manchester MetropxIt8n Universrty and University of Liverpool. Government funding continued lo be important with funding provided by the following local and central government enlilies in the period.. His Majesty's Revenue and Customs IHMRCI, Wesl Midlands Combined Authority. Wesl of England Combined Authority. Ofcom, National Health Service INHSI. the London Office of Technology and Innovation {LOTII. and the Welsh Governmenl. Our principal funder in Australia is the Australian Governmenl through Ihe Department for Social Serviee5 IDSSI. In Australia, we aso received income from Google.org. Mierosoft. NBN Corporation. Auss* Broadband. Gue Dogs Australia. Telstra, ANZ Bank and Bendigo Bank. Flnancial Review of the year In Ihe year ended 30 June 2025. the Grtyjp generated a tolal combined income of£8.1 m12024.. £8.9ml. th reductions in both the UK 1£0.6m} and Australia I£0.2ml. Group expenditure was £8.3m 12024.. £10.1 m), resultin9 in net expenditure of £0.2m for the year12024- nel expenditure of £1.2m). Income in the UK was £4.4m. a redvclion of £0.6m on the prior year12024." £5.Oml. largely reflecting Ihe end of the Yorkshife Building Society and the JP Morgan funded projects which conlribuled £0.4m lo last year's income. Funding frorn our Strateg¢c Partners remained the largest part of ihe UK entity's business al £2.8m 12024-. £3.2m}, and funding from govemmenl I not for profil sources was stable al £1.1 m12024.. £1_Oml. The Auslralian enlty generated income of £3.7m12024.. £3.9ml, wilh the reported fall in revenue due to the strengthening of the Pound against the Auslralian Dc4lar. Overall the Group's expenditure decreased by £1.8m compared lo the prior year, reflecting a reduction in the value of grant payfflenls. which decreased by £1.4m to £3.4m {2024." £4.8ml. This was predominantly in the UK eCtIng a fall in bolh project sPeCrf grants following the completion of the Yorkshire Building Society and JP Morgan programmes and a planned Scaling back of the °Fix Ihe Digital Divide" grant Pfogramme, as we moved towards the end of our current strategy and the successful achievement of our strategic goals. Group staff and HR costs were £3_7m 12024.. £3.6ml. refflecling lighl cost management in the kn of continued Infla1)nary pressures. The nel expenditure for the year was £0.2m12024= net expenditure of £1.2ml comprising nel oufflows of unreslricled funds of £0.1 m {2024.. £0.4ml aad £O.I m (2024." £0.8ml of restricted funds. The charity's funds I reserves at the yearend were £2.9m {2024." £3.1 m). split £2.9m of unreslricled funds12024'. £3.Om) and £Nil restricted funds12024= £0.1 m). 12
Good Things Foundation Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors, Report) fcontlnu8dl Year ended 30 June 2025 Financial Review of the year (continued) Unreslricled income includes amoun15 we received in the pericmj from our Strategic Partners. plus any other unreslrieled donations and grants, with unrestricted reserves split into general and designated. Funds received from Strategic Partners are committed to funding the delivery of Ihe organisalion's strategy, as such they are reported as designated reserves in the slalement of financial position. As al 30 June 2025. designated SelveS were £0.9m12024.. £1.1 ml. wilh the decrease reflecting expendilure on delivery of the organisation's 'Fix the Digital Divi(Je' strategy. General unreslricled reserves represent free reserves that are available lo spend on any activity that supports Ihe organisalion's charitable obieclives. Any excess amount above the reserves needed to set aside to manage risk. will be invested in delivering our charitable objectives. As of 30 June 2025. the Group had general unrestricted erVeS of £2.Om {2024. £1.9m). Of this lolal, £16m {2024.. £1.6ml fdales lo the UK charity and £0.4rn (2024. £0.3ml relates lo Ihe Australian charity. Restricted funds have lo be utilised on the projects agreed with Ihe funders who granted or donated these funds. Many of the projects undertaken Span more than one financial accounting year. In such cases, any reslricled funds received by the UK charity that have not been fully used in the year on the projects that they fund, musl be carried forward to be expended in future years. Thus, the nel Dufflow of reslrieted funds for the year is not a deficrt bul a timing drfference between when we receive restricted funds fof a project and when we cary out that project. Al the end of Ihe year, we are carrying forward £1.130 {2024.. £82.5071 of reslricled funds lo be vtilised in future years on the relevant projects. The small oufflow on restricted funds during the year fie¢l$ the coming to the end of several projects, induding the YBS and JP Morgan programmes. These restricted funds ftlate to the UK charity only. Cash and cash equivalents were £4.7m al 30 Jur)e 2025. an increase of £0.9m versus the prior year 130 June 2024." £3.8m}. The increase in cash is a result of upfront payments received by our Australian charity from the Australian Government for the Be Connected digital skills programme. Investment policy Aside from retaining a prudent amount in reserves each year lo cover risks and provide for working capital, the charity's funds are to be spent in the short term as set OJI in our funding contracts, so there are no funds for long lemi investment_ Any fvnding received in advance is invested in either an installl asS or a -daY deposit account depending on our cash flow requirements. Group Reser¥es policy Good Things FoUndat)n'$ reserves policy foeuses on Ihe level of free reserves. Free reserves exclude restricted funds and designated funds. Our UK and Australian entities have independent reserves policies sel by their local management teams and Board of Trustees l Directors. which combine to form the Group's reserve policy. The recommended free reseNes level is calculated annually. by each charity, based on Ihe specFfic risks and opportunities facing Good Things Foundalion In each of Ihese lerrilories. The level of free reserves is monitored on an ongoing basts, with the policies reviewed annually by each entsty's 8oard. G¢)od Thing5 Foundation seeks lo maintain free. unrestricted reserves lo manage the risks to which we are exposed in the course of our business, including but not limited to mitigating uncertainties in our funding and earned income. in our core operating countries of the UK and Australia. The reserves are also needed lo meet the working pital requiremenls of the charity which are becoming a higher risk for us as we continue lo diver5fy our funding 5trearns, induding into allracling unrestricted donations, and the longer lemi expenditure commitments we are making. arising from our strategic partnerships
Good Things Foundation Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) Icontinued) Year ended 30 June 2025 Group Reserves policy (continued) an(i delivery of our strategy. Any surplus on free reserves above the amount we need will be invested in our charitable objectives. Group Reserv•s situation The Board has decided that in order lo meet these needs, and to operate effectively, Good Things Foundation needs unre5tncted general Group reserves of betsveen £1.2m and £2.3m1£1.1 m to £2.Om in the UK and £0.1 m lo £0.3m in Australia) based on the cuffenl analysis of risk. The Board confirms Ihe current level of unrestricted general reserve5 are within this range and in line with the organisations, reserves policy. Plans for future perFods In earty 2026 we are launthing our r*w strategy. which runs until the end of December 2028. Our focus over the coming 12 months wll be on activities that drive the four outcomes central lo this strategy. Delivering these oulcomes will enable more peOe lo participate in the UK digital society. Digilal inclusion baked in. not bolted on." Key individuals. industries and inslilulions are lakiThJ aclion to embed digital inclusion into the systems and serVS which shape people's lives.. We will collaborate with existing and new pariners. including individuals. industries and inslilutions. to embed digital indusion into systems and sefvices. particulady in health,- We will Work with health partners. NHS England. Helpforee, Digital Midwives and the Health & . Wellbeing Aliance lo design improved digital health support pathways,. We will f($ on engaging businesses and wblic sectororganisalions through the National DKJilal Inclusion NeOrk, to embed digital inclusion in their service delivery. We will also work with Combined and Local authorities lo enc(wrage them to lead local digital indusion infrastructure development." and We will work with funding partners in the publtc and Private sector. focusing on solutions tackling bamers to digital inclusion and building social infrastructure," in particular collaboraling closely with our local partnets in the Nalional Digital Inclusion Nek who re¥h and support excluded people. Easier and safer to engage online.. Engaging with services and opwtunilEs online is easier and safer for people with low digital confidence and multiple barriers.. Amid rising dlIa1 threats like Al-generated deepfakes and scams. many have lost online confidence. Our work on Al confidence and media literacy reveals 8 critical need lo integrate digital, media. and Al literacy into skills education lo ensure online safety. We aim lo empower more indNiduals lo feel secure online by advancing this work. continuing lo build Al awareness and confidence through the Al Gateway and our partnership wth Accenture.. We will also exsmore a rwi m¢xlel where G( Things acts as a connector. channelling corporate fvnding from social value conlrxls to local digital indush)n projects.. and 14
Good Things Foundation Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) {¢onilfftKd) Year ended 30 June 2025 Plans for future perl¢)ds {continued Our advocacy work in ihis aa will f{U$ on engaging with government digital services in particular DSIT and others advocating for them lo adopt our approath lo online safety, encompassing digllal. media, Al literacy. and for Iheif serViS lo be designed and delivered such that they bettef meet the needs of people who are éigilally exduded. Sustainable solutions to data and device poverty- Innovative andlor improved route5 Qut of data and device poverty exist that are sustainable al scale. and meet people's needs". The Data Poverty Lab explored new $dUtn$,. our future goal is lo provide aessIble. affordable data. We will develop a strategy focusing on long-lerm syslemalic solutions and innovations to make the National Databank simpler lo administer. easier to access and ensure il reaches those digitally excluded people most in need.. and On the National Device Bank, we plan lo scale up its delivery and have a target of delivering 75.000 devices lo digrtally excluded people over the next 3 years. To support this we will continue lo engage wlh government and influenlial organisations. for example through Ihe use of the IT Reuse for Good Charter to Promote and encourage more organisalions to Te-use and pledge their devices lo supporting digital inclusion. Emerging technologies used for inclusion. Emerging tech, like Al. is used for inclusion rather than amplifying irequalilies. or pulling more people at risk of exclusion.. Good Things Foundalion plans lo conlinue exploring how Al and technology can be tools for incjusion through ils partnership with Accenture. We will explore the role Gocrfj Things could play in demonstrating Al's potential lo overcome barriers to digital exclusion., We also aim lo further explore how Al can support digtsl inclusion inits"alives and help address internal challenges within the Nerk and Good Things. delivery models-, We will commence deltvery of a new project funded by G(M)gle.¢yg around Al promoting, wh aims to support over 10.000 people in Work lo learn prompting skills,. and We will wk with other not-for-KKofil organiSatn5 to have a united voice on the potential arxl opportunities of Al if used for irlUSion. This work will be centred on real voices, bringing lived experience lo the forefront. As always, we will be inforffled by research and insight. and focused on delivering activity that meets the needs of both our community neiwork and those they support. and we will continue lo showcase the benefits of research and evaluation. This 11 be delivered through our new"Whal Works Co-Lab', where we will collaborate with National Digital IndLJsion Netsvork members and olhers to bring logelher eVence on what works. and erwurage others lo evaluate and share leaming and data. Finally, whdsl we are longer legally lied wrth our sister charty Good Things Foundalion Ltd in Australia, we will continue to work together, sharing best practice, on global advocacy and exploring join inilialives lo ensure people are CneCted and cOnfent in the dNJital world. 15
Good Things Foundation Company Limited by Guarantee Trustees. Annual Report {Incorporating the Directors, Report) (continu¢d) Year ended 30 June 2025 structure. Governance and Management Governing Document and organisational stru¢turn Good Things Foundation's governing document is its Memorandum and Articfes of Association which established the objects of the charitable company and is govemed under rts Articles of Association. We are a charitable company limiled by guarantee sel vp on mutual principles. with three staff members elted lo sit on our Board. We were incorporate(J on 26 July 2006. and we began trading on 1 Dernber 2011. On 19 January 2016. Good Things Foundation became a registered charity: one of the first charities in Ihe UK lo relain ils mutual founding principles, after approval from the Charities Commission. This was a major achievement for the organisation and has helped lo ensure that we remain grounded in the needs of those we support as we have grown our impact. All staff of Good Things Foundation who have been in post at least six months can become Members of the company, togeiher with the external nonxecutive directors. In the event of the company being wound up, Members are required lo contribute £1 toward Ihe settlement of any company debts. A scheme of delegation is in place and day lo day responsibility for Ihe provision of the UK services rests with the Chief Executive Officer and the Senior Management Team. Through the Chief Executive Officer. the Board is responSie for ensuring that the charity is s$$ful. legally Compliant. and it deliver5 it5 strategy and the key performance indKalors are met. In April 2017, we established Good Things Foundation Ltd. a chanty in Auslfalia. Up until 30 June 2025, Good Things FcwJndaiDn was the sole Member of Good Things Foundation Ltd, the entities were legally lied, formed a Group and had enlwned govemance. From 1 July 2025. Good Things Foundation ceased to be the parent enlity and GOLKJ Things Foundation Ltd became an independent enbty, entirely separate and governed in Australia. In future periods the financial statements will no longer be consdidaled. rr will they indude the performance of the Australian entity. Good Things Foundation Ltd. Recruitment and tralning of Trn$tees The company diwtors of Good Things Foundalion in the UK are also charity trustees for the Pufpose of charity law. Under the requirernents of the Artides of Association, the directors are elected lo serve for an initial three year term after which they can stand for re-election for a further two terms, serving for a maximum of nine years. The exceplion to this is the Chair of Trustees, whose term is unlimited and they may serve more ihan three 3-ye2r lemis. bul like 811 Iruslees they are subject lo releclion by the Members every three years at the Annua General Meebng. Our Board of Direelors in the UK consists of elected and appointed direelors. The elected directors consist of three staff directors elected by our Members. The appointed directors. which musl be al least four and up lo len in total. are appoinled lo fill relevanl skills gaps on cKJr Board via open advertisemenl and, where appropriate. by using a recruilment agency with experience in recruitiThJ charity Iruslees. Upon joining the Board. trustees are gtven the opportunrty lo attend events and visit Hubs to increase their urKlerslanding of what we do, and they are provide(S with tailored induction lo meet their needs. There have been several changes lo our 8oard of Trustee5 over the past 12 months. In January 2025 we were delighted lo welcome hvo new external Iruslees, Juliet Upton and Thomas Beautyman. and tsvo new staff-elecled Iruslees. Jo Reynolds and Mary Booth. The Board was further slrenglhened in June 2025, with the appointment of Conor Rose and Dan Zinkin. Colleclively, the new Iruslees bring 16
Good Things Foundatlon Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) fcontlnuedj Year ended 30 June 2025 Re¢ruitrn•nt and training of Trustees (continued) drfferenl and vital skills. experients and passion for digital indusion that provide valuablé assets lo our organisalion. complementing our existing Board members. During the year we ld goodbye to Naureen Khan who resuned as a Iruslee in January 2025. following 6 years on our 8oard. Louise Branch and Hannah Whelan also left the Board following the end of their tenures as staff Iruslees in November and December 2024 re$tIvely. We are extremely grateful and thankful for Ihe significant ¢ontribution5 of Navreen. Louise and Hannah. Risk management Key risks are recorded on a risk register, with Ihese risks being monitored and reviewed by Trustees al each Board meeting. The organisation has appropriate syslems and Pfocedures in place, which have been established lo miligale the risks the charity faees. Prrtedures are in Pla to ensure the health and safety of staff and visitors lo our premises. The principal risks and uncertainties facing Ihe company The UK Govemrnenl. since coming lo power in July 2024, have swJnalled that digitsl inclusion is a priority for them, most notably through the issue of the £7.3m Digital Indusion Innovation Fund for England and the estsblishmenl ol the Digital Inclusion Action Committee. However, continued pressure on Ihe UK'S public finances are expected over the medium term. meanin9 It is unlikely there will be 519nificant additional funding for digital indusion iniliatives beyond the current year. We have also seen a contraclion in Ihe availability of funding for the not-for-profil sector from private organisalion5, with a number of charities scaling back or reducing their work as a result of falls in income and rising costs. Funding is also up for renewal in the next 12 months vthh some of our Strateg partners. Against this backdrop securing funding over the medium to longer lem) is a risk. To mitigate this risk we eonlinue lo diversrfy our funding, so we are not reliant on a single sector, and we pursue unrestricted and restricted funding opportunities wrthin both the public and private sector. We have a documented income generation slralegy. which is focused on securing more funding partners, with longer term contracts. In October 2024. we appointed a Business Development Director. who. along with our CEO. invests a significant amount of lime in developing relationships with funders and identifying funding opportunities for Digital Inclusion. As with all charities. we depend on a mix of shorter and longer-lerm, restricted and unrestricted, income that is earned throughout the year for the Currenl and future years,. this usually iequifes the Board lo approve a budget for Ihe following year that includes secured and predicted income. Our unrestricted reserve5 enable Ihis risk lo be milgaled in the unlikely occutrence that all the predicted incorne is not raised in year. A large proportion of the National Digital Indusion Netsvork are small community-based and public sector organisations. These organisalions deliver Good Things Foundations. products and services lo support digitally excluded people wlhin their local commvnilies. Increased government budget cuts, decreasing level of funding for small charilies and rapid development in technological change are expected lo present growing risks for these organisalions lo continue delivering vital support in communities. To address this. we continue lo advocate for funding for community organisations and amplify the voice of the National Digital Inclusion Network. We share best practice. provide access lo knowledge. resources and support lo allow Ihem lo increase their capability. 17
Good Things Foundation Company Limited by Guarantee Trustees, Annual Report (Incorporatlng the Directors, Report) (¢ontinwd) Year ended 30 June 2025 The principal risks and uncertainties facing the company (continued) The National Databank ha5 grown exponentially since ils launch in 2021 and is now issuing neaily 4,000 new SIM cards and data vouchers a week to digitally excluded people Ihroughovl Ihe UK. During Ihis time no sustainable solulions to data poverty have emerged as a suitable alternative to the Databank.. although Ihe Data Poverty Lab has idenlrfied opportunities. The growih in demand for free mobile connectivity could lead lo the National Databank becoming financially and technologically unsustainable lo deliver over the medium lo longer term. We are working with our Strategic Partners lo develop the National Databank lo ensure data is proviéed lo people in Ihe highest need. Alongside this our new slralegy has identified Data Poverty as a pnority and we will be undertaking discovery work lo identify other solutions hand-in-hand with the work of ihe Data Poverty Lab. Good Things Foundation has a small team. wlh specialrsl knedge and an established culture. t)uring the year we will welcome a new CEO following the upKoming retirement of our founding CEO Helen Milner. The period of CEO succession coupled with loss of key personnel could threaten our ability to deliver key strategic plans. The organi5ation has worke(I wth a specialist external recruitment agency, th the key capabililies required in the new CEO being deady defined. We have a clear transition plan mapped, led by the Chief Operatsng Officer. and a core group of Trustee5 have al least fortnighuy oversight of nsks and progress. Aligned to Ihis the organisats'on is developing a Strategic Workforee Plan, outlining how we inlend to invest in arKI upskill the workforce over the coming years. Tru5tees' responsibilities statement The Iruslees, who are also directors for the purposes of company law, are responsible for preparing the Iruslees. report and the financial slalemenls in accordance with applicable law and United Kingdom Accounting Standards (United Kingdorn Generally Accepted Accountsng Praclicel. Company law requires the charity Iruslees lo prepare financial slatemenls for each year which give a true and fair viev4 01 the stsle of affairs of the charitable company and the incoming resources and application of resources. induding the income and expenditure, for that period. In preparing these f1nancial slalements. Ihe trustees are required to.. sdect suiiable &counling polic a1 then apply them consislenuy., obseNe the melho(J5 and princieS in tt)e applicable Charilies SORP (Statement of Recommended Practice}". make judgments and cOUntIng eslimales Ihat are reasonable and prudent,. stale whether applicable UK Acccyjnling Stsndards have been followed. subjeel to any material deparlures disdosed and explained in the financial stalemenls-. and prepare the financial stalement5 On the going concem basis unless it is inapwopriale to presume that the charity wll continue in tyJsiness. The trustees are reskx)nsible for keeping a¢Jequate accounling records thal are sufficient lo show aThY explain the charity's transactions and disdose wtlh reasonable accuracy at any lime the financial position of the charity and enable them to ensure that the financial slalernents comply with tfve Cornpanies Act 2006. They are also responsible for safeguarding the assets of the charity and henee for taking reasonable steps for the prevention and detection of fraud and other iffegularits.
Good Things Foundation Company Limitsd by Guarantee Trustees. Annual Report {Incorporating the Directors. Report) (Collllnuedj Year ended 30 June 2025 Auditor Each of the persons who 15 a trustee at the dale of approval of Ihis report confirms that". so far as they are aware. there is no levant audit information of which the charity's auditor is unaware., and they have taken all steps that they ought to have taken as a Iruslee lo make themselves aware of any relevant aiKlit information and lo establrsh that the charity's auditor is aware of that informafion. The auditor is deemed lo have been re-appointed in acc(Kdance with seclson 487 of the Companies Act 2006. The Iruslees. annual report and the strategic report were apFThed on 28 January 2026 and signed on behaff of the board of trustees by.. E A Williams QJ, db*kJ A Badow Trustee Charity Secreiary 19
Good Things Foundation Company Limited by Guarantee Independent Auditorfs Report to the Members of Good Things Foundation Year ended 30 June 2025 Opinion We have audited the financial stslements of Goc4J Things FOundatTr {Ihe 'parenl charily'l and ils subsidiary Ilhe 'group'l for the year ended 30 June 2025 which comprise the consolidated slalemenl of financial activities (induding incorne and expendrture account). the consolidated and the company statements of financial posilK)n, the consolidaled statement of sh flows and Ihe related notes, including a summary of significant accounling policies. The finanual reporting flarnework that has been applieij in their preparation is appluble law and Unrted Kingdom Accounting Standards. induding FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Irelar)d (United Kingdom Generally Accepted Accounting PraCte). In our opinion Ihe financial statements- give a true and fair view of the stale of the 0p,$ and of the parent charty's affairs a5 al 30 June 2025 and of the group's incoming sourceS and application of resources. including ils ir}Me and expenditure, for the year Ihen ended." have been propxrty prepared in accordance with Unrted Kin9dom Generally Accepted Accounting Practice.. have been prepared in accordance with the requirements of the Companies Act 2006 arKI the Charities Act 2011. 8asi$ for op•nir>n We conducted our audit in accordance with Intemalional Slan(Jar(Js on Auditing (UK} {ISAs {UKI) and appluble law. Our responsibilities under those standards are fvrther described in the auditor's responsibilities for the audit of the financial slalemenls section of our report. We are independent of the group in accordance with the ethical requiremenls Ihat are relevant to our atjdit of the financial statements in the UK. including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these qUIreMents. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a b85is for our opinion. Conclusions r•lating to going concern In auditing the financial 5talemenls. we have concluded that the trustees. use of the going concern ba51S of accounting in the preparation of the financial slalemenls is appropriate. Based on the work we have perfom)ed, we have not idenltfied any material uncertainties relating to everbts or conditions that, individually or collectively, may cast signrficanl doubl on the charity's ability lo continue as a going concern for a rIOd of at least twelve months from Ihe date when the financial slalernenls are aulhorised for issue. Our responsibilities and the responsibilikn.es of the trustees with respect lo going concern are described in the relevant sections of this report. 20
Good Things Foundation Company Llmited by Guarantee Independent Auditorfs Report to the Members of Good Things Foundation f¢¢Mthued) Year ended 30 June 2025 Other infomiation The other information comprises the information induded in the annual report. other than the financial slalements and our auditor's report Ihereon. The trustees are responsible for the other information. Our opinion on the financial slalemenls does not cover the other inforrnalion and, except lo the extent otherwise explicitly staled in our report. we do not express any fom) of assurance conclusion thereon. In connection with our audit of the financial statemen15. our responsibility 15 to read the other information and, in doing so, consider whether the other information is malerially inconsislent with Ihe financial statements or our knowledge obtained in the audit or otherwise appear5 to be materially misslaled. If we idenlrfy such material inconsistencies or apparent material misstslemenls, we are required to deterniine whether Ihere is a material misstatement in the financial stalements or a material misslalemenl of the other inlormalion. If. based on the work we have performed, we conclu(Je that there is a material misslalement of this other information. we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of audrt: the information gnien in the trustees. report for the financial year for which the financial statements are prepared is consistenl wilh the financial statements.. and the Iwstees. report has been Prepared in accordance with applicable legal requirerrtents. Matt•rs on which Twe are required to report by exception In the light of the knedge and understanding of the group and the parent charity and rts environment oblained in the course of the audit, we have not idenlrffftl material misstatements in the trustees, report. We have nothing lo report in respect of the following matters in relation lo which the Companies Act 2006 and Ihe Charities Act 2011 requires us lo rerMYt to you rf. in our opinion.. adequate accounting records have not been kept by the parent charity. or returns adequate for Ouf audit have not been received from branches not visite¢J by us." or the financial statemen15 are not in agreement with the accounting records and returns,. or certain dlsd0suS of Iruslees. remuneration specified by law are not made". or we have not received all the infornialion and explanations we require for our audit. 21
Good Things Foundation Company Limited by Guarantee Independent Auditor's Report to the Members of Good Things Foundation (contlnued) Year ended 30 June 2025 Responsibilities of trnstees As explained more fully in the trustees, responsibilities slalemenl. the trustees {who are also the directors for the purposes of company law} are responsible for the preparatn of the financial statements and for being satisfied that they give a true and fair view. and for such internal control as the Iruslees determine is necessary lo enable the preparatn of financial statements that are free from material misslatemenl. whether due to fraud or error. In preparing the financial statements. the trustees are responsib for assessing the wup's and the parent charity's ability lo continue as a going concern, disdosing. as applicable, matters relateé lo going concern and using the going concern basis of accourtsling unless the trustees eilher intend lo liquidate the group or the parent charity or to cease operations. or have no realistic allernalive but lo do so. Auditorfs responsibilities for the audit of the financial statemenls Our objectives are lo obtsin reasonable assurance about whether the financial slalements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that indudes our opinion. Reasonable assurance is a high level of assurance bul is nol a guarantee that an audit conducted in accordance with ISAS IUKI will always delect a material misstatemenl when il exists. Misslalements can arise from fraud or error and are considered malenal rf, individually or in the aggregate, they could reasonably be expected to tnfluence the economic (lecisions of users taken on the basis of these financial slatemenls. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above, lo detect material misslalemenis in respect of irregularities, induding fraud. The extent to which rHJr wocedure5 are capable of detecting irregularities, including fraud. is detailed below- We identify and assess the risks of material rpisstalement of the financial statements. vh)elher due lo fraud or error. and then design and perfomi autjil proceLlures responsive to Ihose risks. induding obtaining audit evidence that is suffi.cient and appropriate lo provide a basis for our opinion. In identifying and assessing risks of material mi5slatemenl in respect of irregularities. including fraud and non<ompliance with laws and regulations. we consKlered the following.. the nature of the industry and sector, control environment and business performance. including the identification of related paty transactions. and matlers whth could potentially impact on the charity'5 continuation as a going concern.. results of our erwuiries of management arKI assessmellt of the risks of irregularities- any matters we idenlrfied having obtained and rev*wed the charity's dUmentation of their policies and procedures relating to.. identifying, evaluating. and MplyIng with laws and regulations and whether they were aware of any instances of non-eompliance.. (Jetecling and responding to the risks of fraud and whether they have knO%edge of any actual, suspected. or alleged fraud,. the tnlernal controls eslablishe(I lo mitigate risks of fraud or non-compliance with laws and regulations- 22
Good Things Foundation Company Limited by Guarantee Independent Audltorfs Report to the Members of Good Things Foundation (continued) Year ended 30 June 2025 the matters discussed among Ihe audit engagement team, indudiro how and where fraud might occur in the financial statements and any potential indicators of fraud. As a result of these procedures. we considered the opportunrties arKI IrntIveS that may exist within the organisalion forfraud and idenlrfied the greatest potent1 forfraud in relation lo revenue recogni1n. In common with all audits under ISAS IUKI. we are also required lo pertorm specific procedures to respond lo the risk of management override. We also obtained an understanding of the legal and latOry frameworks that the charity operates in, focusing on provisions of those laws and regulations Ihat had a direct effect on the determination of material amounts and disdosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act. UK Corporate Governance Code, Charitie5 SORP and local tax legislatn. In add(iion. we considered provisions of other laws ar Wlatn$ that do Th)1 have a direct effect on the financial slalemenls bul compliance wilh which may be fundamental to Ihe charity's ability to operate or lo avoid a material penalty. We also communicated relevant identtfied laws and regulations and potential fraud risks lo all engagement team members, and remained alert to any indications of fraud or non-compliance with laws and rewl81ions throughout the audit. As part of an audit in accordance with ISAS (UK). we exerose profess*)nal judgmerbt and maintain professional sceplicism throughout the audrt. We also.. Identfy and assess the risks of material misstalemenl of the financial slatemenis, whelher due lo fraud or error. design and perform auLlil procedures responsive lo those risks, and obtain audit evidence that is sufficient and appfopriate lo provide a basis for our opinion. The fisk of nol detecting a material misstatement Te5ulling from fraud is higher than for one resulting from error. as Iraud may involve collusion. forgery. intentional omissions. misrepresentations. or the override of inlemal control. Obtsin an understanding of inlernal control relevant lo the audit in order to design audit procedures that are appropriate in the circumstances. but not for the purrM)se of expressing an opinion on the effectsveness of the internal control. Evaluate the appropriateness of accounting poIleS Used and the reasonableness of accounting eslimales and related disclosures made by the trustees. Conclude on the apwopriateness of the truslees. use of Ihe going coern basis of accounting and. based on the audit evidence oblained. whelher a material uncertainty exisls related lo events or conéitions Ihal may cast signtficanl doubl on the charity's ability to conts.nue as a going concern. If we conclude that a material uncertainty exists, we are require¢J lo draw attention In our audilols report lo the related disdosures in the financial slalemenls or. if such disclosures are inadequate, lo modify our opinion. Our conclusions are based on the audit evidence obtained up lo the dale of our auditorfs report. However. future events or conditions may cause the charity to cease lo continue as a going concem. Evaluate the overall presentation. structure. and content of the financial slatemenls. including the disclosures. and whelher the financial slalemenls presen1 the underlying tranSaCtnS and events in a manner that achieves fair presentation. 23
Good Things Foundation Company Llmited by Guarantee Independent Auditor's Report to the Members of Good Things Foundation (¢onlinu¢d) Year ended 30 June 2025 Obtain SLrfficient appropriale audit evidence regarding the financial infomialion of the enlilie5 or activities within the group lo express an opinion on the consolidated finanaal statements. We are responsible for the direction. supervision. and perfomiance of the group audit. We remain solely responsible for wr audit opinion. We communicate with those charged with governance regarding, among other mallers, the planne(I scope and timing of the audit and sonificanl audit findings. including any significant deficiencies in internal control that we identfy during our audit. Use of our report This report is made solely lo the charity's members. as a body. in accwlan¢e with Chapter 3 of Part 16 of the Companies Act 2006 and in respect of the consolidated financial slatemenls, lo the charity's trustees as a body. in accordance with section 144 of ihe Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might stale to the chanty's members those mallers we are required to slate lo Ihem in an auditor's report and for no olher purpose. To the fullest extent permilled by law. we do not accept ¢y assume responsibility lo anyone other than the charity and the charity's members as a IxKly. for our audit work, for this report. or for the opinions we have 1med. ANDREW THROSSELL FCA {Senior Statutory Auditor) For and on behalf of Hebblethwailes Chartered Accountants and Statulory Audilcxs 2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ 28 January 2026 24
Good Things Foundation Company Llmited by Guarantee Consolidated Ststement of Financial Activities (including income and expenditure account) Year ended 30 June 2025 2025 Reslricled funds Total funds 2024 Unrestricled funds Total funds InGome and endowmmts Inveslmenl income Other income - charitable activities 123,71 3.587.002 123,700 7.991.679 154,346 8,730,060 4.404.677 Total income 3.710.702 4.404,677 8.115.379 8,884,406 Expendituro Other expenditure - charitable activities Total expenditure 3.8S2.288 4.486,054 .338.342 10.064.433 3,852.288 4.486.054 .338.342 10,064,433 Net lexp•nditurel and net movement in fund5 {141,586) 181.3771 1222,9631 11,180,027) Re¢on¢iliation of funds TolaS funds brought forward Total funds carried forward 3.024.197 82,507 3.106.704 4.286,731 2.882.611 1.130 2.883.741 3.106.704 The slalement of financial activities indudes all gains and losses recognised in the year. All income and expenditure denves from continuing activities. The notes on pages 29 to 39 form part ofthese financial slatementg. 25
Good Things Foundation Company Limited by Guarantee Consolidated Ststemont of Financial Position 30 June 2025 2025 2024 Fixed assots Tangible assets 13 23.127 35.715 Currènt assets Debtors Cash al bank and in hand 1$ 182,363 4,674,446 316,011 3,810,375 4,856,809 4,126,386 Creditors: amounts falling due within one year Net cuttent assets 16 1,996.195 1.OS5,397 2,860.614 3.070,989 Total assets less current Ilabllllles 2.883.741 3,106.704 Ngt assets 2.883,741 3.106,704 Funds of the charity Unreslricled funds General Designated 1,963,057 919,554 1,885,863 1.138,334 2.882,611 3.024,197 Reslricled funds 1,130 82,507 Total charity funds 17 2.883.741 3.106.704 These financial statements were approved by the board of Injstees and authorised for issue on 28 January 2026, and are signed on behalf of the board by= E A Williams Trustee Company registration number". 05887661 The notes on pag•s 29 to 39 fomi part of th•s• finan¢lal 5tstem*nts. 26
Good Thlngs Foundation Company Limited by Guarantee Company Statement of Financial Position 30 June 2025 2025 2024 Not• Fixed assets Tangible assets 13 23,127 35.715 Current assets Debtors Cash al bank and in hand 15 78,420 2,686,957 187,088 2.965.250 2.765.377 3,152,338 Creditors.. amounts falling duo within one year Net current assets 16 233,693 334,845 2.531.684 2,817,493 Total assets less current liabilities 2.S54.811 2,853,208 Net assets 2.554.811 2.853,208 Funds of the charity Unrestricted funds General Designated 1.634,127 919,554 1,632.367 1,138.334 2.553.681 2.770,701 Restricted funds 1.130 82,507 Total charity funds 2,554.811 2.853,208 The nel expenditure for Ihe financial year of the parent company was £298.397 (2024.. nel expendilure of £1,077.1221. These financial slalement5 were approved by the board of trustee5 and aulhorised for issue on 28 January 2026. and are signed on behaff of the trKJard by". E A Williams Trustee Company registration number.. 05887661 Th¢ ngte$ on page$ 29 to 39 fomi part ofth•s• financlal statements. 27
Good Things Foundation Company Limited by Guarantee Consolidated Statement of Cash Flows Year ended 30 June 2025 2025 2024 Cash flows from operating activities Nel lexpendilLbre} for the finala1 year (222,963) (1,180,027) Adjustments for.. Depreciation of tsngble assets Accrued expenses 12,588 1.065,190 2,050 180.500 Changes In.- Trade and other debtors Trade and other creditors 114.455 (105.199) 864.071 211.002 98,843 Cash generaled from operalions 1687.6321 Nel cash froml(used in) operating actNilies 864.071 1687,6321 Cash flows from investlng actlvilles Purchase of tangible assets 137.7651 Net cash used in investing activities (37,7651 Net in¢reasel(decrease} in ¢ash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash 8quivalents at end of year 864.071 3.810,375 (725,3971 4,535,772 4.674.446 3.810,375 Th• notes on pa9•s 29 to 39 fom) part of the ffinandal statemonts. 28
Good Things Foundation Company Limited by Guarantee Notes to the Financial Statements Year ended 30 June 2025 G•n•ral information The charily is a public benefit ents.ty and a prNate company limited by guarantee. registered in England and Wales and 3 registered charity in England and Wales. The address of the registered office is Showroom WorkslalK)n. 15 Palernosler Row. Sheffiekj. S1 2BX. Statement of compliance These financial statements have been prepared in compliae wilh FRS 102. The Financial Reporting Siandard apiCable in Ihe UK and the RepuNic of Ireland,. the Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance wilh the Financial ReportTng Siandard applicable in the UK and Republic of Ireland IFRS 1021 {Charitses SORP IFRS 10211 and the Companies Act 2006. Accounting policies Basls of preparation The financial slalemenls have been Prepared on the historical cost basis and are prepared in sleding, which is the functional currency of the enW- Going con¢ern The financial statements have been prepared on a going concern basi5. The funding of the organi5alion is generally agreed annually for the year to 30 June. Funding has been agreed in principal for the following year and the tharity has adequate reserves. The trustees consider that there is no material uncertainty about the charity's abilty lo continue. hence they are confident that the going concern basis is appfopriate. Consolidalion The financial statements ¢onsolidale Ihe financial slatements of G(M)d Things Foundation and all of its subsidiary undertakings. The parent company has applied the exemption contained in section 408 of the Companies Act 2006 and has not presented its individual profit and loss account or cash fkiw statement. Judgements and key sources of eslimalion unurtainty The preparalron of the financial statements requires management to make judgemenls, estimates and assumptions that affect the amounls reported. These eslimates and judgement5 are continually reviewed and are based on experience aThJ other fadors, including expectations of fulure events that are believed lo be reasonable under the circumstantss. In the opinion of the management and truslees, Ihere are no judgements or key sources of eslimalion uncertainty that have a significant impacl on the financial sialemenis, other than those highlighted bel¢)w. Income tax The charity is exempl from lax on income and gains. falling wilhin part 11 of Ihe Corporation Tax Act 2010 or section 256 of the Taxalion of Chargeable Gains Act 1992, to the extent that these are applied lo its charitable objects. No tax charges have arisen in the year. 29
Good Things Foundation Company Limited by Guarantee Notes to the Financial Statements (c¢Mtinue Year ended 30 June 2025 Accountin9 policies (continued) Fund accounting Unrestricted funds are available for use al the disCre1n of the Iruslees to further any of the charity's purposes. Designated lunds are a portion of unreslricle(I furKls Ihal the trustees have commilled lo spending on a specrfic programme of work or purpose and are reported separately on the faee of the statement of financial position and accompanying notes. Restricted hjnds are subiected lo restrictions on their expenditure dedared by the donor or through the terms of an appeal, and fa15 Into one of two sub<lasses". strICted ineome funds or endowment funds. The were no endowrnent funds during the year. Incoming resources All Inrne 15 included in the stalefflent of financial aclwities when entillemenl has passed to the charity. it is probable Ihat the economic benefits assocKOted with the Iransaclton will flow lo the charity and the amount Can be reliably measured. The following specific polieie5 are applied lo partKular calewfies of income.. income from donations or grants 1$ recognised when there is evidence of entitlement lo the grft. receipt is probable. and its amount can be measured reliably. income from coniracts for the supply of services is reco9nised with the delivery of the contracted seryiee. This is Classif a5 unreslrieled funds unless there is a contractual requirement for il to be spent on a particular purpose and returned if unspent. in whiGh case it may be regarded as reslricled. In the Australian subsidiary certain grants receivable are subject to specrfred future conditions such that the grants are not reeognised until there is reasonable assurance that the company will comply with the conditions. Where grants are received prior lo sats'sfying the wenue recognition cr11eria. they are included as a eredilor for (Jeferred incorne. Rosoue$ expended Expenditure is recognised on an accnlS basis as a liability vs IrUrred. Expenditure indudes any VAT which cannot be fully recovered because of partial exemption. and is classified under headings of the stslement of financial ac11vilS lo whKh it relates.. expenditure on charitable activities indudes all costs Incurred by a charity in undertaking activities that further its charitable aims for the benefrt of its beneficiaries, including those support costs and costs relating lo the govemance of the eharty apportioned lo charitable aclivilies_ grants payable are provided to community organisations and centres to deliver grass roots aclivilies. These activilies are key elements of the conlracls wilh funders and corporate partners, and indude basic digital skills 5UPPOrt. English language learning and olher se55ions. 30
Good Things Foundation Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 30 June 2025 Accounting policies (tonbnue Resources expended (¢t)ntsfvi*d) All Costs are allocated to expenditu calegorhes reifecling the use ol the resource. Direct costs attributable lo a single aclNity are allocated direcuy lo that adivity. Shared costs are apportioned beknn the activit5 Ihey contribute to on a reasonable. justifiable. and wnskslenl basis. Operating l¢as•s Lease payments are recognised as an expense over the lease term on a slraighl4ine basis. The aggregate benefit of lease incentives is recognised as a reduclK)n to expense over the lease term, on a slraighl-line basis. Tangible assets Tangible assets are initially recorde(l al cost subsequently stsled at eosl less ary accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded al Ihe fair value al the dale of revaluation any subsequent mulated depreciation and Subsequent ac¢umulated impairnienl losses. The policy for capitalising fixed assets is Ihat items over £1.000 are included as PItal additions. Depreciation Depreciation is calrJJlaled so as lo wrile off the cost or valuation of an assel. less Ils estimated residual value, over the useful economic lrfe of Ihat asset as follows.. Off equipment 33% straighl line Impaim)ent of fixed assets A review for indicators of impairnienl is carried oul al each reporting date. with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount. the asset is impaired acc¢ydingly. Prior impairments are reviewed for possible reversal al each reporting date. Financial instwmonts Financial instruments a classrfied and accounled for, according to the substance of the conlraclual arrangement, as either financial asseis. financial liabilities. or equity inslrumenls. Any equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of ils liabilities. Basic financial instruments are inttially reCOgned at the amount receivable or payable including any related transaction costs. Current assets and Current liabilitie5 are subsequently measured at the cash or other consideration expected lo be paid or received and are not discounted. Financial assets that are measured al cost or amortised cost are reviewed for objective evidence of impairmenl al the end of each reporting dale_ The exposure lo pri risk. credit risl Iuld1ty rtsk and cash flow risk is not considered rnalerial for the assessment of the assets. liabilities. fInarla1 position and income or expersdilure of the charity. 31
Good Things Foundation Company Llmited by Guarantee Notes to the Financial Statements (¢onliRusd) Year ended 30 June 2025 Accounting policies (conknued) Foreign currencies Foreign currency Iransaclions. monetary assets arKI liabililies denominated in foreign currencies are translated at the exchange rale ruling at the reporting dale. wilh any gains or losses being taken to the statement of financral activtties. Limited by guaranlee The company is a private cornpany limited by guarantee and CAJnsequenlly does not have share capital. Each ofthe members is liable to ntriNle an amount noi.exceeding £1 towards the assets of the company in the event of liquidation. Invgstment incorne Unrestricted Tolal Funds Unrestricted Total Funds Funds 2025 Funds 2024 Bank interest reeeivable 123,700 123.700 154.346 154,346 Other in¢orne- charitable activittes Unrestricted Funds Restricted Total Funds Funds 2025 Government grants Other income Grants and contracts- Australia 85,000 3,144,279 357,723 1.039,667 76.735 3,288,275 1.124,667 3.221,014 3.645.998 3,587.002 4.404,677 7.991.679 Unrestricted Funds Reslricled Total Funds Funds 2024 Govemment grants Other income Grants and eonlracls- Australia 82.5Crf) 3.379.832 214.182 915,556 515,416 3,622.574 998.056 3.895,248 3,836.756 3,676.514 5.053,546 8,730,060 32
Good Things Foundation Company Limited by Guarantee Notes to the Financial Statements (Continued) Year ended 30 June 2025 Other expenditure- charitable activities Unreslricled FurMIs Restricled Total Funds Funds 2025 Grants payable Staff and HR costs Network and development costs Establishment cosls Motor and travel costs Office and other administration expenses 575.424 2.289,034 696,941 57.309 63.306 170.274 2,791.977 1.428,938 265.139 3.367,401 3,717,972 962.080 57,309 63,306 170,274 3.852.288 4.486,054 8,338.342 Unreslricled Funds Restricted Total Funds Funds 2024 Grants payable Staff and HR Costs Network and development costs Establishment costs Motor and travel costs Offu and olher administratKJn expenses 1.389,382 1.858.812 736.314 87.278 55.967 139.011 3.450,970 1,779,185 567,514 4,840.352 3.637,997 1.303,828 87,278 55,967 139,011 4.266.764 5.797,669 10,064,433 Office and other administraiion expenses include the following governance costs.. 2025 2024 Audit fees Legal and consullary fees Board and Governance costs 22,118 7.960 7.565 21,591 7,950 5.971 37,643 35,512 Auditors. remuneration 2025 2024 Audit of parent company Other non-audil seryices Audit of subsidiary- Saward Dawson Other non-audit seThices- Saward Dawson 12,850 2,725 9.268 1,763 12,500 2,470 9,091 1,912 26,606 25,973 33
Good Things Foundation Company Limited by Guarantee Notes to the Financial Statements (confrnue Year ended 30 June 2025 Net (expenditure) Nel lexpen¢Jilurel is slated after charging.. 2025 2024 Depreciation of tangible fixed assets 12,588 2.050 Exchange difference5 recognised in the accounts during the year amounted to a loss of £8,202 12024- loss of £463). 10. Staff costs The lolal staff costs and employee benefits for the rep)rting period a analysed as follows.. 2025 2024 Wages and salaries Social security costs Pension contributions 3,111,935 323,479 209.566 2,989.245 300,121 195,386 3.644.980 3,484,752 The average head count of employee5 during Ihe year was 73 (2024: 761. The number of employees whose employee benefits {exduding employer pension costs and employer national insurance conlribulions) exceeded £60,000, are banded as follows". 2025 2024 No. £60,0¢)0 10 £69.999 £80,000 10 £89,999 £90,000 10 £99.999 £100,000 to £109,999 £160,OIXI lo £169.999 The amount attriJ1ae to the highest paKI direct¢y for the year was MneratIon of £165.368 (2024.. £160,070). and employer pension ContributnS of £16.537 (2024- £16.007). Key Management Personnel Key management personnel irtlude all persons that have authority and responsibility for planning. directing and controlling the activities of the charity. This includes the CEO and senior management team, but excludes the slaff*lected Iruslees. The lolal amount of key management personnel benefits linduding employer pension contributKJns and employer national insurance conlributions} received by key management personnd for their service5 provhded to the charity for the year was £1,065.204 {2024.. £1,096.213). 34
Good Things Foundation Company Limited by Guarantee Notes to the Financial Statements (COftllnu¢d) Year ended 30 June 2025 11. Trustee remuneration and expenses No remuneration is paid lo the trusteesldirectors for Iheir services as trusteesldire¢lots. Trustees travel expenses paid dunng the year arnounted lo £2.03212024.. £2,544) for 812024.. 71 Iruslees. As a staff mutual organrsalion. trustees include staff member5, H L Milner, T S Hillsdon. M Booth, J Reynolds, H J Whelan and L O Branch. Staff costs an(J expenses for the year include £270,663 2024.. £257,5CKJI of remuneration. £27.067 12024.. £25.750) of pension contributions. and £710 12024.. £430) of expenses for members of staff who are Iru5teesldirectoTs. The charity has InSurar to irKlemnify the twslees. other officefs and the charity against the consequences of any neglect or default on the part of the Irustees. employees and agents. 12. Nel incomelexpendilure attributable to members of the parent company charity The net eXpendrtU dealt wilh in the financial statements of the parent company charty was £298.39712024'. net expenditure of £1,077.1221- This comprises nel expenditure on unrestricted fvnds of £217.020 12024.. £332,999) and nei expenditure on reslricled funds of £81,377 {2024.' £744,123). Total income during Ihe year amounted to £4,419,480 12024." £5,070.597} and total expenditure £4.717.877 (2024= £6.147.719}. 13. Tangible assets Group and cornpany Equipment Cost At 1 July 2024 and 30 June 2025 Depreciation Al 1 July 2024 Charge for the year 37,765 2.050 12,588 At 30 June 2025 14,638 Carrying amount At 30 June 202S 23.127 AI 30 June 2024 35.715 35
Good Things Foundation Company Limited by Guarantee Notes lo the Financial Statements (contrnu8d) Year ended 30 June 2025 14. Investments Good Things Foundation Limited. a not-for-profil company limited by guarantee and incorporated in Australia, was, until 1 July 2025. controlled by Good Thing5 Foundation. who were the sole member. On 1 July 2025 Good Things Foundation Limited became a separate and Independent legal entity (see Note 22 "Events after the reporting dale- for further details}. Good Things Foundation Limited was incofporated on 4 April 2017 and is registered with the Australian Charities and Nol-for-profils Commission. The regislered office of the company is 223 Liverpool Street, Darlinghursl. NSW, 2010 and the Australian Business Number {ABNI 92618363974. The financial Statements for G(KMJ Things Foundation Limited. which have been induded within the consdidaled financial slatemenls for Goo(J Thing5 FOuallOn and translated al the year-end exchange rate, may be summarised as.. Statement of Profjt or Loss and Oiher Cornprehensivg Inme 2025 2024 Revenue Expenses Surplusl{Defi¢itl for the year 3.709.106 3.875,381 {3.610,725) 13.981,5441 98.381 1106,1631 Statement of Flnanclal Position 2025 2024 Current assets Cash and cash equivalents Trade and other receivables Prepayments and acwed inrne 1.987,490 78.013 25.930 845.126 169,770 21,881 Current Ilabllltles Tra¢Je and other payables Intercompany current account Unearned income 1134,348) 1184,8711 {62.728) 1535,6811 253,497 (1.628,155) 328,930 Nel Assets 15. Debtors Group Company 2025 2025 2024 2024 Traije debtors Amounts owed by group undertaking5 Prepayments and accrued income Other debtors 75.8TI 190,945 9,284 25,326 62,728 90,338 8,696 93,026 13,460 112,219 12,847 67.096 2,040 182,363 316.011 78.420 187,088 Amounts owed by group undertakings are interest free v•ith no fixed repaymenl terms. 36
Good Things Foundation Company Limited by Guarantee Notes to the Financial Statements (continu•d) Year ended 30 June 2025 16. Creditor8: amounts falling due within (? year Group Company 2025 2025 2024 2024 Trade creditors Accruals an¢Y deferred income Deferred income- Australia VATIGST eredilors Pension contn'bub'ons payable Other creditors 97.177 220,259 1.628.155 47.921 92.532 266,736 S35,681 131,318 28.728 402 86.424 94.262 62,832 143,550 50.760 99,333 28.728 402 2,683 2.247 1,996,195 1.055.397 233,693 334.845 17. Analysis of charitable funds Unr&strfcted funds At Income Expenditure 30 June 2025 At 1 July 2024 General funds Designaled funds 1.885.863 1.138.334 631.087 1553,8931 3.079.615 {3,298,395} 1.963,057 919,554 3.024.197 3.710.702 {3,852.288} 2.882,611 Funds received from the charity's Strategic Partners. Viwn Media 02. Vodafone, Nominel and Accenture. have been segregated from general unreslricled funds and are reported separately as designated funds. These funds will be spent during the period between the yearnd date and 31 December 2026 on the delivery of Ihe charity's strategy. Restricted funds At Income Expenditure 30 June 2025 At 1 July 2024 Restricted Funds 82.507 4.404.677 (4,486.0541 1,130 Restricted lund5 at the balance sheet dale refflect the furmjing Profiles of major projects and are not actual surpluses carried forwafd. The company yearn¢Y falls in Ihe middle of funding periods for major projects. hence these amounts are profiled lo be spenl in line with the funding arrangements which go beyond the year end. 37
Good Things Foundation Company Limited by Guarantee Notes to the Financial Statements (¢ofttsftu8di Year ended 30 June 2025 18. Analysis of net assets between funds Unre5tricled Funds Restricted Total Funds Funds 2025 Tangible assets CUrnt assets Creditors less than 1 year 23.127 23,127 4,381.841 474,968 4,856.809 (1,522,357) 1473,838) (1.996,1951 Net assets 2,882.611 1.130 2,8B3.741 UNestricted Funds Reslricled FuThYs Total Funds 2024 Tangible assets Current assets Creditors less than 1 year 35.715 3.564.196 (575,7141 35.71 S 562,190 4,126.386 1479.683) 11.055.397} Nel a¥$ets 3.024.197 82.507 3.106.704 19. Analysis of changes in nel debt Al 1 Jul 24 Cash flows At 30 Jun 25 Cash at bank arxl in hand 3.810,375 864,071 4.674.446 20. Operating lease commitments The lolal future minimum lease payments under r)nnlIable operating leases are as follows.. Group Company 2025 2024 2025 2024 Not later than 1 year Later than 1 year and not later than 5 years 56.421 48.777 18,282 17.325 28.604 85.026 48,777 18,282 17.325 Lease payments reCl$ed as an expense during Ihe year amounted lo £60,042 {2024.. £74,229). 38
Good Things Foundation Company Limited by Guarantee Notes to the Financlal Ststements (con*n Year ended 30 June 2025 21. Related parties The financial statements do not indude dw105ures of all transactions betsveen the subsidiary. Good Things Foundation Limited. Australia. and ils parent as the sub5KYiary's activities are 100% ontrolled by Good Things Foundation. During the year, Good Things Foundation purchased £2.000 {2024". £1,000} of pdling services from Public First, a pdicy, research. opinion and slralegy consultancy and previous employer of our Tnjslee. Vinous Ali. Good Things Foundation receNed a sign(ficanl discount lo the market rale for these services. and Vinous did not directly benefrt financially from the purchase of these services. During the year, Good Things Foundation awarded cash grants for the delivery of di9ltal Inc5usion actsvities lotalling £23.650. 50 devices and 1.200 SIM cards to Starting Point Community Learning Partnership 12024.. £34.000 and 500 SIM cards). Our Tnjstee, Nicda Wallace Dean. is the Programme Lead for the Starting Point Community Learning Partnership in Stockport, which is one of our funded Digital Inclusion Hubs. These cash grants. devices and SIM cards were awarded in our normal course of business, wrth the apl¢all0Ths being submitted. appraised and awarded in line with our standard processes. Niwla Wallace Dean was not involved in these specific grant funding decisions, nor Is Ntha in¥0ed in any grant funding decIsnS as a Trustee of Good Things Foundation. During the year, Good Things Foundation was awarded a research contract with th8 West of England Combined Authority_ Good Things Foundation engaged Cosmic. a S131 Enterprise and leading digital skills provider in the South Wesl of England as a SutontraCtor on this project lo the value of £4,671. Post year end in November 2025. Good Things Foundation awarded a subcontract lo Cosmic lo the value of £14,302 to support In the delivery of the organisations. DSIT innovation grant. Our Trustee, Julie Hawker, is also the Chief Executive of Cosmic. Both of these contracts were awarded on a commercAal. arm's lervJth basbs. and Julie will nol direclly benefit financially from the contracts awarded. 22. Evenls after the reporting period From 1 July 2025, the group's onty subsidiary. Good Things Foundation Limited, an Australian registered charity, became an independent entity, with Good Things Foundation transferring its membership lo the Auslralia-based Board of directors of Good Things Foundation Limited. This change marks a shift in oversight and has no material impact on Ihe financ1 siatemenls for the year ended 30 June 2025. 39