Charity number: 1177839 Company number: 10845504 (England and Wales) ## Givingforce Foundation Report of the Trustees and Unaudited Financial Statements For the year ended 30 November 2024 Givingforce Foundation Contents Page For the year ended 30 November 2024 |Report of the Trustees|1 to 3| |---|---| |Independent Examiner's Report to the Trustees|4| |Statement of Financial Activities|5| |Statement of Financial Position|6| |Notes to the Financial Statements|7 to 11| |Detailed Statement of Financial Activities|12| ## Givingforce Foundation Report of the Trustees ## For the year ended 30 November 2024 The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 30 November 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** The Charity is governed by its Articles of Association adopted on 30 June 2017. The charity aims, for the public benefit to promote the efficiency and effectiveness of charities and the effective use of charitable resources in particular but not exclusively by the provision of a payroll giving service and the promotion of charitable giving and volunteering. The charity also aims to advance such charitable purposes as the trustees see fit from time to time by the provision of donations and other financial assistance. ## **BOARD OF TRUSTEES** The Charity may by ordinary resolution appoint a person who is willing to act as a trustee either to fill a vacancy or as an additional trustee. The maximum and minimum number of trustees shall be determined by the Charity, but unless and until so fixed there shall be no maximum number and the minimum number of trustees shall be two. New trustees will be given individual training on the workings of the Charity as and when they are appointed. ## **Objectives and aims** The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'. 1 of 12 Givingforce Foundation Report of the Trustees Continued For the year ended 30 November 2024 ## **ACHIEVEMENTS AND PERFORMANCE** The Charity facilitated the distribution of over £4,371,576 of donations to 1,946 charities as a result of the Workplace Giving Schemes it supports. The Charity recorded £71,308 (2023: £73,577) in income and generated a deficit of £12,660 (2023: deficit of £2,674) ## **RESERVES POLICY** The charity's reserves policy is to enable the charity to continue its start up phase without further fund raising. The policy will continue to be reviewed over the coming years. ## **PLANS FOR THE FUTURE** The trustees intend to continue to grow the Charity as more employers sign up to Workplace Giving Schemes. ## **PUBLIC BENEFIT** The trustees have read and are mindful of the public benefit statements issued by the Charity Commission and refer to the guidance when considering activities. The trustees consider that the public benefit requirement is amply met by virtue of the wide range of causes enabled by the Charity's activity. ## **GOVERNING DOCUMENT** The Charity is a charitable company limited by guarantee, incorporated on 30 June 2017 and registered as a charity on 6 April 2018. The company was established under a Memorandum of Association which established the objectives and powers of the charity and company and is governed under its Articles of Association. ## **PRINCIPAL RISKS AND UNCERTAINTIES FACING THE CHARITY** The following risks have been considered by the trustees The charity receives financial and administration support from GivingForce Limited to enable it to continue its activities. The directors of GivingForce Limited have confirmed their intention to continue to support the charity for the foreseeable future. The trustees regularly review the other risks faced by the charity and believe that there is a satisfactory mitigation of any significant risks. ## **STATEMENT OF TRUSTEES RESPONSIBILITIES** The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (UK Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charity and of the income, expenditure and financial activities of the charity for that period. ln preparing these financial statements, the trustees are required to: - select suitable accounting policies then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. 2 of 12 ## Givingforce Foundation Report of the Trustees Continued For the year ended 30 November 2024 The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **SMALL COMPANY PROVISIONS** This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. ## **REFERENCE AND ADMINISTRATIVE INFORMATION** **Name of Charity** Givingforce Foundation **Charity registration number** 1177839 **Company registration number** 10845504 **Principal address** C/O Moore Kingston Smith 6th Floor, Charlotte Building, 17 Gresse Street London W1T 1QL ## **Trustees** The trustees and officers serving during the year and since the year end were as follows: Mr David Bond Mr Ejaz Rashid Mr Nasr Alam **Secretary** Mrs Nasim Rashid **Independent examiner** Sloane & Co LLP Office 015 30 Great Guildford Street Borough London SE1 0HS Approved by the Board of Trustees and signed on its behalf by Ejaz Rashid ............................................................................. Mr Ejaz Rashid 27 Aug 2025 Date:……………………… 3 of 12 ## Givingforce Foundation Independent Examiners Report to the Trustees ## For the year ended 30 November 2024 I report to the trustees on my examination of the accounts of the charitable company for the year ended 30 November 2024. ## **Responsibilities and basis of report** As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiners qualified statement** I confirm that no other matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. Sloane & Co LLP Sloane & Co LLP Office 015 30 Great Guildford Street Borough London SE1 0HS 27 Aug 2025 Date:………………………………. 4 of 12 ## Givingforce Foundation ## Statement of Financial Activities (including Income and Expenditure Account) For the year ended 30 November 2024 |**Notes**
**Income and endowments from:**
Administration Charges
2
**Total**
**Expenditure on:**
Raising funds
3
**Total**
**Net expenditure**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
71,308
**71,308**
(83,968)
**(83,968)**
**(12,660)**
19,634
**6,974**|**2023**
**£**
73,577
**73,577**
(76,251)
**(76,251)**
**(2,674)**
22,307
**19,633**| |---|---|---| 5 of 12 Registered Number : 10845504 ## Givingforce Foundation Statement of Financial Position As at 30 November 2024 |**Notes**
**Fixed assets**
Tangible assets
8
**Current assets**
9
Debtors
Cash at bank and in hand
**Creditors: amounts falling due within one year**
10
**Net current assets**
**Total assets less current liabilities**
**Creditors: amounts falling due after more than one year**
11
**Net assets**
**The funds of the charity**
Unrestricted income funds
12
**Total funds**|**£**
**2024**
633
**633**
11,382
416,276
**427,658**
(413,664)
**13,994**
**14,627**
(7,653)
**6,974**
6,974
**6,974**|**£**
**2023**
990
**990**
14,496
478,413
**492,909**
(465,113)
**27,796**
**28,786**
(9,153)
**19,633**
19,633
**19,633**| |---|---|---| For the year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476, The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime. The financial statements were approved and authorised for issue by the Board and signed on its behalf by: Ejaz Rashid Mr Ejaz Rashid Trustee ## 27 Aug 2025 6 of 12 ## Givingforce Foundation Notes to the Financial Statements ## For the year ended 30 November 2024 ## **1. Accounting Policies** ## **Basis of accounting** The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006. Givingforce Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound. The accounts have been prepared under the historical cost convention. ## **Going concern** These financial statements are prepared on the going concern basis. The trustees have assessed the charity's ability to continue as a going concern and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of the approval of these financial statements. The charity has made a deficit for the year of £12,660, net asset of £6,974 and cash balance of £416,276. The trustees evaluated the impact on the charity. ln particular the trustees have considered the charity's forecasts and projections, and believe that the charity will be able to continue its activities and meet its liabilities as they fall due for a period of at least twelve months from the date of approval of the financial statements. ## **Incoming resources** The charity acts as an agent co-ordinating the raising and distributing of donations from employees and employers to charities. The donations processed on behalf of individuals and employers are not recognised in the Statement of financial Activities. All fee and donations income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Administrative fees are recognised on an accruals basis. ## **Charitable activities** Expenditure is accounted for on an accruals basis and is inclusive of VAT. Charitable activities includes donations payable which are charged in the year when the offer is conveyed to the recipient, except where the offer is subject to conditions, such grants being recognised as expenditure when the conditions are fulfilled. Governance costs are those associated with the constitutional and statutory requirements of running a Charity ## **Taxation** As a charity, GivingForce Foundation is exempt from United Kingdom Corporation Tax under the Corporation Tax Act 2010 and may recover income tax deducted from its investment income. ## **Financial instruments** Cash and cash equivalents include cash in hand and deposits held at call with banks. Debtors and creditors receivable or payable within one year of the reporting date are carried at their transaction price. ## **Critical accounting estimates and areas of judgement** ln the view of the trustees in applying the accounting policies adopted, no judgements were required that have a significant effect on the amounts recognised in the financial statements, nor do any estimates or assumptions made carry a significant risk of material adjustment in the next financial year. 7 of 12 ## Givingforce Foundation Notes to the Financial Statements Continued ## For the year ended 30 November 2024 ## **Share Capital** The charity is limited by guarantee and therefore does not have a share capital. The liability of the members is limited to the sum of £10 per member. ## **2. Income from Administration charges** |**Unrestricted funds**
Administration charges
**3. Expenditure on generating donations and legacies**
**Unrestricted funds**
Management and administration
**4. Analysis of support costs**
Management and administration
**5. Net income/(expenditure) for the year**|**2024**
**£**
71,308
**71,308**
**2024**
**£**
83,968
**83,968**
**2024**
**£**
83,968|**2023**
**£**
73,577
**73,577**
**2023**
**£**
76,251
**76,251**
**2023**
**£**
76,251| |---|---|---| |**et income/(expenditure) for the year**||| |---|---|---| |This is stated after charging/(crediting):||| ||**2024**|**2023**| ||**£**|**£**| |Accountancy fees|2,640|2,640| |Salaries|44,501|34,090| |Pension contributions|1,285|907| |(Gain)/Loss on foreign currency translation|(34,230)|4,477| 8 of 12 ## Givingforce Foundation Notes to the Financial Statements Continued ## For the year ended 30 November 2024 ## **6. Staff costs and emoluments** Total staff costs for the year ended 30 November 2024 were: |Salaries and wages
Social security costs
Pension costs|**2024**
**£**
44,501
-
1,285
**45,786**|**2023**
**£**
34,090
1,739
907
**36,736**| |---|---|---| ## **7. Comparative for the Statement of Financial Activities** The comparative year values on the Statement of Financial Activities are for unrestricted funds. ## **8. Tangible fixed assets** |**Cost or valuation**
At 01 December 2023
At 30 November 2024
**Depreciation**
At 01 December 2023
Charge for year
At 30 November 2024
**Net book values**
At 30 November 2024
At 30 November 2023|**Computer**
**Equipment**
**£**
1,048
**1,048**
58
357
**415**
**633**| |---|---| ||**990**| The depreciation charge for the year is £357 in respect of assets leased under finance leases or hire purchase contracts. ## **9. Debtors** |**Amounts due within one year:**
Trade debtors
Prepayments and accrued income|**2024**
**£**
11,382
-
**11,382**|**2023**
**£**
6,368
8,128
**14,496**| |---|---|---| 9 of 12 ## Givingforce Foundation Notes to the Financial Statements Continued For the year ended 30 November 2024 ## **10. Creditors: amounts falling due within one year** |Loans and overdrafts
Trade creditors
Other creditors
PAYE & social security
Charitable Disbursements
Accruals and deferred income|**2024**
**£**
1,500
12,110
5,518
388,296
6,240
**413,664**|**2023**
**£**
1,500
380
3,992
456,601
2,640
**465,113**| |---|---|---| At 30 November, the Foundation held £388,296 (2023: £456,601) in payroll giving donations awaiting disbursement. These balances reflect donations received shortly before the reporting date, which had not yet reached the scheduled payment cycle. In line with HMRC Payroll Giving regulations, all such funds are disbursed to the nominated charities. ## **11. Creditors: amounts falling due after more than one year** |Loans and overdrafts|**2024**
**£**
7,653
**7,653**|**2023**
**£**
9,153
**9,153**| |---|---|---| ## **12. Movement in funds** ## **Unrestricted Funds** |_General_
General
**Unrestricted Funds - Previous year**
_General_
General|**Balance at**
**01/12/2023**
**£**
19,634
**19,634**
**Balance at**
**01/12/2022**
**£**
22,307
**22,307**|**Incoming**
**resources**
**£**
71,308
**71,308**
**Incoming**
**resources**
**£**
73,577
**73,577**|**Outgoing**
**resources**
**£**
(83,968)
**(83,968)**
**Outgoing**
**resources**
**£**
(76,251)
**(76,251)**|**Balance at**
**30/11/2024**
**£**
6,974
**6,974**
**Balance at**
**30/11/2023**
**£**
19,633
**19,633**| |---|---|---|---|---| 10 of 12 ## Givingforce Foundation Notes to the Financial Statements Continued For the year ended 30 November 2024 ## **13. Analysis of net assets between funds** |**Unrestricted funds**
_General_
General
**Previous year**
**Unrestricted funds**
_General_
General|**Tangible**
**fixed assets**
**Net current**
**assets /**
**(liabilities)**
**Creditors >**
**one year**
**Net Assets**
**£**
**£**
**£**
**£**
633
13,994
(7,653)
6,974
**633**
**13,994**
**(7,653)**
**6,974**
**Tangible**
**fixed assets**
**Net current**
**assets /**
**(liabilities)**
**Creditors >**
**one year**
**Net Assets**
**£**
**£**
**£**
**£**
990
27,796
(9,153)
19,633
**990**
**27,796**
**(9,153)**
**19,633**| |---|---| 11 of 12 ## Givingforce Foundation Detailed Statement of Financial Activities For the year ended 30 November 2024 |**INCOME AND ENDOWMENT**
**Donations and legacies**
Administration charges
**Total incoming resources**
**SUPPORT COSTS**
**Governance costs**
Management and administration
**Total resources expended**
**Net Expenditure**|**£**
**2024**
71,308
**71,308**
**71,308**
(83,968)
**(83,968)**
**(83,968)**
**(12,660)**|**£**
**2023**
73,577| |---|---|---| |||**73,577**| |||**73,577**
(76,251)| |||**(76,251)**| |||**(76,251)**
**(2,674)**| 12 of 12 This page does not form part of the statutory financial statements ## **Issuer** Sloane & Co. LLP **Document generated** Wed, 27th Aug 2025 12:45:18 BST **Document fingerprint** 2009e89e35b7d7b0c654473f0528fd34 ## **Parties involved with this document** ## **Document processed** ## **Party + Fingerprint** Wed, 27th Aug 2025 14:39:44 BST Wed, 27th Aug 2025 15:01:09 BST Wed, 27th Aug 2025 15:01:10 BST Ejaz Rashid - Signer (5d3c5630480316ac9e8d43313430b533) Sloane & Co LLP - Signer (d4e4967e555d38714b277906c1bbb3c4) Adam Bent - Copied In (4bf23887486ca1f852af376eb107f2fd) ## **Audit history log** ## **Date** ## **Action** Wed, 27th Aug 2025 12:45:18 BST Envelope generated by Elis Rashidova-Pileva (94.190.169.46) Wed, 27th Aug 2025 12:45:18 BST Document generated with fingerprint 2009e89e35b7d7b0c654473f0528fd34 (94.190.169.46) Wed, 27th Aug 2025 12:48:07 BST Document emailed to ejaz.rashid@givingforce.com Wed, 27th Aug 2025 12:48:07 BST Sent the envelope to Ejaz Rashid (ejaz.rashid@givingforce.com) for signing (94.190.169.46) Wed, 27th Aug 2025 14:23:49 BST Ejaz Rashid opened the document email. (66.249.93.98) Wed, 27th Aug 2025 14:23:54 BST Ejaz Rashid viewed the envelope (81.105.117.12) Wed, 27th Aug 2025 14:39:44 BST Ejaz Rashid signed the envelope (81.105.117.12) Wed, 27th Aug 2025 14:39:44 BST Sent the envelope to Sloane & Co LLP (mail@sloane.co.uk) for signing (81.105.117.12) Wed, 27th Aug 2025 14:39:44 BST Document emailed to mail@sloane.co.uk Wed, 27th Aug 2025 15:00:48 BST Sloane & Co LLP viewed the envelope (80.87.30.98) Wed, 27th Aug 2025 15:01:09 BST Sloane & Co LLP signed the envelope (80.87.30.98) Wed, 27th Aug 2025 15:01:10 BST Sent the envelope to Adam Bent (adam.bent@givingforce.com) for signing (80.87.30.98) Wed, 27th Aug 2025 15:01:10 BST This envelope has been signed by all parties (80.87.30.98) Wed, 27th Aug 2025 15:01:10 BST Document emailed to adam.bent@givingforce.com