GIVINGFORCE FOUNDATION ILlmlt•d by Gy•rJnte•l Charlty No.. 1177839 Company No: 10845504 ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021
GIVINGFORCE FOUNDATION (Limited by Guarantso) CONTENTS Pag• Tru8tee$' RoPQrt Independent Examiners. Report Staternent ol Fln8n¢lal Actlvlli88 Balanc8 Sheet Notes to the Flnan¢ial $181?ments 7-10
GIVINGFORCE FOUNDATION (Llmlted by Guarantee} Trustogs Report Thè eharity trustees present theirAnnual Report together with the Un&udited Fin8nc181 Statements for th8 year endod 30 NOrnber 2021. This reFK•rt IS 8180 a éSreclors' repcrft under 6234 of t1 Componles Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Ctynp4ny roglstratlon nurnbw. Charlty Mol•tratlon numb•r.' R•gl•tor•d Offlc•: 10845504 IEnql•nd and Wal) 1177839 (England and Wol•J) 10 Moore Klnolton Smlth 6th Floor. Charlotto Bulldlng 17 Gr9 Str•rt London W1T1QL Charlty Trnt•• *nd M•mb•rn of th• Board Th• charlly tru8tee8 who seTrad durlng the year w8r8 AS follows.,. Davld Bond Ejaz R&$hld Ng¥r Aam Reference in thi8 report and in lfiè lin8nclal 8t8tamants lo'lhe Iruste68' ar• r•feronce to the chaty tru8tee8, who lor rnpgny law purposès are the directors of Ihe charrtable eompany. S•cr•tsry Ma8im R&•hid Acwunt•nt• •nd Indop•nd•nt Ex•mln•rn cx)re KSngglon Smlth LLP The Shipping Buildi The Old vin Factory Blyth Road Haye5 U83 1HA MS OBJECTIVES OF ThE CMARfTY The CharKy 1$ govomed by 11$ ArV¢l88 ol A58odatlon adopted on 30 June 2017. Th? charity aims, for th8 publi¢ benefit lo promote the efflcknncy And effectsvenesg ol chariles Ihe effectNg use of charllablè rèsources in particular bul not eXuSiVY by the provlsion ol a p8yroll gIng 6ervic• and thg prornotlon of charllab16 glg and volunteering. The charity al80 aims lo a(Jvancè such charltsbl6 purwses as the ITUStee5 see fil from thmE to tim8 by the provlsion of donations and other financial assislaneè. Page 1
GIVINGFORCE FOUNDATION (Limited by Guarantee) BOARD OF TRUSTEES Trustees Report The Chanty may by ordinary resolution appoint a person who is willing to as a trustee erther lo fill a vacancy or as an additional trustee. The maximum and minimum number of trustees shall be determined by the Charity, bui unless and until so fixed there shall be no maximum number and the minimum number of trustees shall be fv. New IN$lees wll be given individual training on the workings of the Charity as and when they are appolnted. ACHIEVEMENTS AND PERFORMANCE The Charity facilitated the dI8tribullon of over £700,000 of donations to 557 charib'es as a resutt of the Workplace Giving Schemes il 8UPPOrt8, The Charfly recorded £38,33112020'. £28.9441 in income and generated a deflGII of £28,73612020'. Surplus of £23,140). RE8ERVES POLICY The ch8rity'$ re$erve8 policy 18 lo enable the charty lo continuo 118 8lart up phase thout further fund rai8ln9. The poIY wlll continue lo be revlewed over the coming years. PLANS FOR THE FUTVRE The Iruslees intend lo continue to grow the Chgrtly as mor& employers sign up to Workplace Giving Schemes. PUBLIC BENEFIT The tru8lee8 have lead and are mindful of the public benefil 81alemen18 188ued by the Chartly Commlssion and ler lo the guid8nce vthen considering aclivilies. The Iruslees considei that the public benefit requiremont 15 ampty mel by virtue ol the wde fange of cause8 enablèd by the Charity's activity. GOVERNING DOCUhlENT The Charity18 8 charitable MpanY Ilmited by guarantee, incorporated on 30 Junt 2017 and reg18lered 08 a chartty on 8 Aprll 2018. The company was established under a Memoranijum of Association which established the objectives and p0r5 of the charrty and company and is govemed under its Articles ofA$8ocialion. PRINCIPAL RISKS AND UNceRTAINTIE8 FACING THE CHARITY The followng rfsks have been considered by the trust.. Th? charity receives financlal and adminislrallon support from GlvingForce Limited lo enable it lo continue Ils aclivilies. The directors of GivingForce Limited have confirmed their intention lo continue to gUPPOrt Ihe charity for the forseeable futufe. The Iruslees regularly review the other M8ks faced by the chanty and belie that there is a saligfaclory miligats'on of any significant risk8. Page 2
GIVINGFORCE FOUNDATION (Llmlted by Guarantee) Tn4Ste•s Report STATEMENT OF TRUSTEES RESPONSIBILITIES Tho tru8t885 are re4)onsible for preparlng th8 Tru818e6' Report and thè financial stal8mént8 in accordance with applicabl8 law and Unlted KIngd( AccounliThJ Siandards (UK Generally Aeeepted ACntIng Praciicèl. Cornpany law require8 the trvsl88s lo prepare linancial statèThnl8 lor each flnancial year. Under thai law fft• tru8tee8 hav8 8k8cled to prap8r8 ffte financlal stalemant3 in arxordance with Llnited Kingdom GenerAlly Acr8Pted Accounbng Practice (United .QdoM Aceounllng Standards an¢J applieable WI. The linanciol yt818ments are required by law lo g8 a true and fair view ol th8 Stale ol attairs ol the charily and ol the incorne, 8xpendllure and f5nancial actIvIt9 01 lh8 charity for that perkJ(J. In pwparing the88 linandal stst*ment8, the tnJ8teas ara required to,, Belecl suita0 counr0 polleiK Ihon apply th&m cong18ionYy', cl)8erve the m&thod8 and principles In thè Ch8ritle8 SORP,. rn8kg judgements antj astim&teB that are reasonAbl8 an¢J prudent., prepare lh8 flnAnclal 8taiements on the going concern basis unle8s 1118 Inappr(¥Jriaie lo pre8ume Ihai th• ehadty 11 continue In fw8in•&ry. The Iruste98 8re responsibl8 for kaèry proper aecouniing record8 whh dlsc109e vAth reaBonabla atturacy al any bm tho tinanclal posMK)n of the charY and lo ?n8ble Ihem lo en8ur8 thai the linanclal slat•m8nls comply with the Comp8nies Act 2006. They are also spOn81b1O tor saleguardlng the 888et8 01 the charity and hence lor taking reasonats $18p9 for the prevention 8nd tsleclon ol fraud and other IrrularitI6B. SMALL COMPANY PROVISIONS ThlB report ha9 bgen prepared In gccordanc8 wlth the 9p8cS8l provisK)n8 ol Part 15 of th8 Companies Act 2CQ6 relaling to gm911 ¢ompanle8. On behdl of the Board ol Trust8•8 N•slm Ra•hld relary Date.. 22.08.22 P&3e 3
Indepondent Examingrs. Report to tha M•mbers of GlvingForce Foundatlon I rekXJrt on the accounts ol GivingForc8 FourK18tion for the year 8nded 30 Novembgr2021, comprise the Staternent of Financi81 ActivIt$, 8818nce Sheet and relaled not88. R•spoetlvo RMpon8lbllltl&s of Tru¥t•g• and Ex•mln•r The eharty's trust889 (who are also the diredor6 of the company for the purposes of company lawl 8r8 respon61bla for the prepar8tK)n of th6 accounts. The ¢hariWs twstees consider that on audit is not reguired for this yg8r undtrr seclion 144121 of the CharS118s Act 2011 (the 2011 Aeii and that an independent examination is needeij. l am qu81ifi.ed lo undertake the eXaminat)n by being a qualif m8rnb8r ol lh8 A88oeiatK>n of Chartered CerUfSed A¢un1s. Havino satisfied my$eN that the charity is not 8ublect lo audlt undèr company Law and Is Èl¥Ji9 for Indep8n¢Jenl examination, it is my responslbility lo.. examin8 the accounts under section 145 01 Iha 2011 Act., to follow the proc8dur98 laid tjown in ihe G8ner81 DireclKJn8 glv•n by the Charlty Commis8ion under soction 14515llbl of tho 2011 Act,. and 10 8t8t8 whether particular mbiief8 hpvg come to my 8tt&nts'on. B••l• ol Ind•ndont examln•rf• R•port y oxamin8lion w89 carried out In 8(xord8nce the G•naral Oirectlon6 glven by the Ch¥rily Commlssion. An èxAmln81ion Includes a review of the accounting record8 k8Pt by the charity And 8 comparison of the accounts P88[9d with those records. 11 also ineludes consldei8tion of pny unusual rtems or d18c105ure3 in the acctyjnls, 8nd segking explanallon Irorn you aB Iwstees concèrning any such malt8rn. The procedur89 undertoken do nol provide all the avid$nt8 thBI would bg roquired In an audll and consequ8ntly Tho opinion is gfven 88 to whgther the accnunls pre8gnl a'trua and fair vi• and the report Is Ilmilad to th089 rnatlws 881 oul In Ihg 8ts1emgnt below. Ind•p•nd•nt Ex•mln•¢• Stat•mo In 8c¢ordance vlth my èxbminatw. no rn&tt8r has come lo my altentlon-. whi¢h give8 me reasonhble cau58 tr) belleve th&1 in any material re6pecl th6 requirem8nl# to keep accounllno rocords in 8ccordance with 8ectvJn 386 01 th8 Cornpanle6 Act 2006., and . to keep aectsunling wcords In accordance with 8gdon 386 cf the Compan188 Acl 2006.. an(1 . to preparè &cwunl8 whlch accord wllh the 8rLountlng records, compty wilh the accounting requirem8nts of section 396 oltha Cornpanies Act 2CQ6 and with the rnelhods 8nd pnnciplos of Iha Staternenl ol Recommandeij PractKe.' Accounting 8nd Reporting by Charitigs have not been m8t.' or lo whlch, in my opinion. attents'on sh4 be drown in order to enable a proper understanding ol the ac£ounlB to b8 r8achgd. 121 Dale.. 26.08.2022 The Shipping 8uilding Tha Old Vinyl Factory Blyth Road Hayes. U83 1 HA Nlck Wlnl•rn For and on behalf of Moor• Klngèton 8mlth LLP P8ge 4
GIVINGFORCE FOUNDATK)N (Limited by Guarantee) Statgment of Flnanclal Activities for the year ended 30 November 2021 Unre8lrlct•d R•*trf¢¢•d Fund Fund• Tot•1 2021 Tolil 2020 Notb Incom• and •ndowm•nts from.. Donations Qlhor 8¢t1V 38,331 38,331 26,944 Tot•1 Inc¢>m• 38,331 38.331 28.944 E¥p•ndltsJr• on.. Chorlt8blo 8Gllvhles Monagerrnnl and 8dmSnl8tr81 88,837 88,837 3,804 Total Exp•ndltur• 66,837 68,837 3.804 Ngt Incorn•ll•Jtp•fidttur•l for ih• ymr 130,5061 130.5061 23,140 Transfer be88n luTh¥8 N•t mo¥•mvnt In fund• 130,5th81 130,5061 23,14D Fund b•lanc•B brought fovAT•rd 23,171 785 23,956 816 Fund b•lirK•• CArrl•d forw•rd 14 17.3351 785 16,$801 23.956 I tr8n6octions are derlved from conllnulng aGtivltleB. There Bre no gains or los$e$ for the year olher than those re¢ogn18trd kn Ihe Stal8m8nl of Fln8ndo1 A1188, PagB 5
GIVINGFORCE FOUNDATION ILlmitsd by Guarantee) Balance Sheet A8 at 30 November 2021 2020 CURREKf AsseTS Debtors Cash at bank a1 in hand 10 g,136 359,172 18.863 27],9 366,308 292,772 CREDtTORS Amounts falling due thirt ono ygar 11 1372.3581 1220,4831 NET CURRENT ASSETS 4.050 72,289 CREDITORS Amounig fAlling due after more than one y•& 12 12,5001 148,3331 NET ASSETS 16,5501 23,956 Fund• Aestrictéd Unrestricted 14 785 17,3351 785 23,171 Tot•1 Fund• 16.5501 23,958 For tho linan¢l&l year ended 30 November 2021 thè compAnywa8 entitled to exemptkjn from audit under 8ecllon 477 01 tha Companiès Aet 2006 relating Small compani98. The mernbe have not required tho eompany lo ot)tain an audit In accordarte with 8Klion 476 of the Compan1 Aet 2006. Thè Iru$ièes acKnowdge their reswn8ibi15ty lor comptying th tha requirements ol Ihe Act wllh re4xct lo aCcoun'n9 i¢cords and lor the preparation ol aecounis. These linartial sla18m8nls have been prepared In accordancè wlh the provisK)n8 aFplicable to companlos sublad lo the Brnall companies regimè. Th888 linanclal statsmonls w8r8 &PFxoved and aullKJrfsed for Issue by the Board ol Trusiges on 22.08.22 and signed on their behaw by.. z Ra•hld en*•r ottha Board ot Tiu$t¢•8 Compary Regl•tr•tlon Nurnb•r: 10e45504 (England antl W•lul Pagg 6
GIVINGFORCE FOUNDATION (Llmlted by Guarant#•) Notes to the Finanrlal Statements for the year endèd 30 November 2021 1 Accountlng Pollel •) Accountlng Conv•ntk+n The linancial slatem8n15 have bèen prepared In accordance wilh the Flnanclal Reporting Sland8rd applicable In the UK and Republic of Ireland IFRS 1021. The Charitabl& Company are 8 public beneftt entity for thè purposas of FRS 102 and thelOr8 Ihe Charity 81w preparod ils financ181 st&lements in accord8nc8 wth the Stslem8nl of Recommpnded Practic8 8ppIic8ble lo charllias pr6p&rirva their accounts in accordance th the Financial Reporting S18ndgr¢ applicable in the UK and Republic of Ireland ITh8 FRS 102 Charities SORPI, th8 Companles Act 2006 And Ihe ch8rits.es Act 2011. Th8 flnan¢i818t8lements ore prepared in st8rting. which Is the lunc1K)l eurr8ncy of the company. Mon•t#ry amounts in Ihe88 flnancial 8tBlements are round8d lo the ne8re8t und. The occounls have bean prepared Uer the hislorkol ¢osl ¢onvgnlion. bl Goln9 conc•m These Ilnaneio18taterneThls are prepar on tha goin9 concern basi9. The tru8teg8 h8ve 88se8Jed th8 charity's obility to continue a5 a going concem and have contyldered p0$8ible events or condillonts thai nii9hl easl significant doubl on the abilily of the chaiily to conlinue as a going cone8m. The trustees have mad8 thi8 86se88ment lor a p•rk)d of 8t18881 one year from tho dBIg of Ihe approv&1 of these fin8nci81818t8m8nt6. The charity hqs made a deflcil lor Ihe year gf £28,736, nel Iiat)iltile6 of £4,780 and cash b8lance of £359.f 72. The Iru8leos •¥blu8t8d thg impact on the charity. In particular the Iruslee8 have consldergd the charity's forecas18 end projection8. and ball8va that the ¢harily wll bg abla lo eonlinu? ils 8cts¥itle8 and meet ils liabiliti88 88 they fall du& for a portoil of at least tymlve months frorn thg dale ol approv81 ol thè finana818tstements. cl Incom• Thè ch8rily acts as an 8g6nl ctrordinaling the raising and ¢Jistribuiing ¢fdon8tlon8 from afflpkJya88 and omployers lo ¢harilieB. The donallons proc88sèd on behatf of indlvKluals And ernployer8 are not recognl88d In the Slalement of fin&nual Aclivits'es All fee &nd donAlloni in)me19 recognlsod onea the charity h8s enlrtlernent to the inwrne, 11 is PrObae Ihal the Income 11 be rac8w•d And the amount of Income recelv8ble can be measured lIablY. Admlnlslrative fee6 are reccgnlged on 8n Éctruals b8618. dl Expendlture Expendllwg 18 xccounled for on an accru818 tsa5i¥ gnd is in¢lusNe of VAT. Ch8ri18ble 8clivilies Indudes donatn$ payable whlch are charged in lh8 yèar bvhen the offer Is conv8y8d to the reclpiènl, except wh8re the offer is subject to conditions, such grants being recognisod as expendilure vknen the condSts'ong ara fuifilléé. Govemanc$ ¢08t8 are those as80clalad with thg coTh8Utulional and statutory r8quir8m8Thts 01 runnivJ Charity. •) FInCIlI InBtrum•nt# Cash and rash equNalen15 includ8 cash in hand and depotS held ht 11 th banks. Pe7
GIVINGFORCE FOUNDATION (Llmlted by Guarantee) Notgs to the Flnanclal Statemonts for thg year ended 30 Novembar 2021 1 A0tIl Policle• Icontlnu•dl Debtors and crgditors recèivBb18 or payabla within one y88r of the reiKJrting d8t8 8r¢ canied al their transaction price. fj Crftical J¢¢ountlng 8Stlma¢e8 and aroa• of ludg•m•nt In the view of the Ifuslees in applying the acL*)unlino rx)licla$ èdopled. rKJludgem8nts were requlrgd that have Significant èllèci on the amount¥ recognised In thÈ financiol stslementB, nor do any esUm8t88 or assumptn8 made carry 8 8wJniflcant of rnat8ri81 adlu8tmenl in the next f nancial year. 2 Incom• Unrg•trlGt•d Fund• R••trf¢l•d Fund• Total 2021 Tol•l 2020 DonhlKJn8 Other •ctl¥lti Administrative I•èB 38.331 38,331 26,944 38 331 3 Exp•ndltur• on charlt4bl• a¢tl7AtI•• R060urc88 •xF•nded have boeft 8lbcate¢ on 8 b0818 con61816nt with the u86 ol ragre#s. Charft•blo •ctlvltl•• Unr••trlct•d Fund• R•strlct•d Fund• Tot•1 2020 Totol 2019 DonBtk)n8 Manwmènl end 8dminlstrallon 68,837 88.637 3,804 4 Dt)no¢lon• The charity provide¢ donaiions to o number ol inslltuttons In furtherance ol its ch8ri18ble objeeti$. These donabons Wtre rnade to 55712020.. 5571 dlffar8nt InstilulKJns selected by the provld8rJ of the re8lrfclad lund8. Page 8
GIVINGFORCE FOUNDATION (Limited by Guarantee) Notes to the Financial Statements for the year ended 30 Novomber 2021 Unrostrictod Rèstrictsd Funds Funds 5 Manag•ment •nd admini•tratlon Total 2021 Total 2020 Staff c08ts Congtruclion industy cos18 Recruilmenl expenses Subscripts'ons Insurance Bank charges Printing. po$tage and 8ts1ionery Loys on foreign exchange Sundry Govemance costs.. Leg81 and professional feeB Accountancy fees 26.589 20 26,589 20 1,587 53 12 13,700 136 5.784 373 269 62 13,700 136 5,784 373 269 62 1,816 308 15 19,864 2,040 19,864 2.040 13 O Tru$to08 r•mun•rAtlon and rnlat•d p•rty tr•n•actlon• None of the trLtslge8 received any remuneratson or reimbursed expenses. Ejaz Rayhld wa8 a trustee during the yeaf and a director ol GivingForce LImed. GlvlngForce Limited has historically paid other external costs of GivingForce Foundation for the year. eslimaled lo be £nil {2020'. £1,800). 7 Taxatlon AS a charity, GiwngForce Foundation is exempl from United Klngdom Corporation Tax undei the Corporation Tax Act 2010 and may recover income lax deducted from Ils investment Incorne. 8 K•y m•n•gem•nt p•r8onng1 The key management per80nnel were the tru81ee8 of Iht CharY. 9 Staff Colts Delai18 of p81d employee? for the ye8r were a8 follows.. 2021 2020 Gross wage8 and Salaries Social security costs Pension cosly 25,875 1,587 714 26,589 1,587 The average number of persons employed by the charity during the year was 1 12020.. 11. There were no employees that received employee benefits above £60,000. 10 O•btor3 2021 2020 Trade debtors ArUe income 3,490 5,646 9.136 18,863 18,863 Page 9
GIVINGFORCE FOUNDATION (Llmltod by Guarantee) Notes to th• Financlal Statemonts for the year èndod 30 November 2021 11 Cr•dltor8-. Amount fjlllng du• wlthln on• y•ar 2021 2020 Unrestricted funds Trade creditors Bdnk198n Olher tgX8tion and 80cial securiy Aetrua18 356,982 136 12.500 7DO 2,040 372,358 218,612 1,867 204 220 483 12 Cr•dltor•'. 4nount fallln9 du• •ft•r mor• than on• yo•r 2021 2020 Bank loan 2.500 48,333 2,500 Th8 bènk loan 18 payable by inglrnent8 over 6 ywrg ai a rate of Inl8r88t 012.5% per annum. 13 8h•r• c•pltal Th8 chadty 18 limit8d by guarantee and thereforé doès not have a 8h8r8 capital. The Ilabillty or the m8mber818 Ilmlt8d lo tha $urn of £10 per m8mbèr. 14 Fwnd• 2021 2020 R•$trkisd Unrestrlcted 9on8ral 785 17,3351 785 23.171 Net fvnds 23,956 ReBtd¢ted fundg consiit of dJn&lwJn8 recN•fl with spec5fic instruclon$ 88 to where the funds shoukl be spent. Currgnl assèts Curr8nt Non-current Total Unre81rfcted Gèneral ReStrted 367,523 785 1372,358 12,5¢X)I 17.335} 785 368,308 372,358 2.500 6,550 Page 10