## **Little Giving Annual Report and Financial Statements**
Year Ended 31 December 2023
## **Administrative Details**
Charity name: Little Giving Registration number: 1190004 Principle address: 133 Milton Avenue, London E6 1BN Current trustees: Usman Rasul, Imran Tailor, Reedwan Iqbal
## **Structure, Governance and Management**
Little Giving is an unincorporated trust with objects and regulations set out in the trust deed dated 1 April 2020. Trustees are responsible for governance, management and operations of the charity, and communicate regularly to fulfil these functions. New trustees are identified and appointed by existing trustees, and supported as needed. The charity has no employees.
## **Objectives, Activities and Achievements**
The objects of the charity are to advance any charitable purpose as determined by the trustees at their discretion. The charity achieved its objectives by funding organisations specialising in emergency aid, education, and hardship relief, mainly through its daily donation programme, as well as through general grants. This year, the charity received £485,068 [2022: £439,591] in public donations, and awarded a total of £475,990 [2022: £441,364] in grants (delivered and committed), with due regard for the Charity Commission’s guidance on public benefit.
The daily donation programme supports a variety of charities from large aid organisations like the Palestine Red Crescent Society and UWT to smaller specialist charities like Mothers of Afghanistan and Nawaal Benevolence Fund. This year, more than 20 organisations received funding from the programme, with eight receiving amounts in excess of £10,000.
## **Financial Review, Risks and Plans**
At 31 December 2023, the charity held restricted funds of £21,765 and unrestricted funds of £71,846. Maintaining activities without staff remains an ongoing risk. The charity aims to explore establishing an operations centre, and continue its daily donation programme and other activities; and to maintain sufficient reserves for that purpose.
Approved by the trustees and signed on their behalf,
Reedwan Iqbal 30 October 2024
## **Statement of Financial Activities for the Year Ended 31 December 2023**
|**Income**
Donations
Income tax recovered
**Total income**
**Expenditure**
Charitable grants
Operational costs
Fundraising costs
**Total expenditure**
**Net income**
**Transfers between funds**
**Net movement in funds**
**Funds brought forward**
**Funds carried forward**|**Restricted**
**funds**
479,823
Nil
479,823
464,754
330
Nil
465,084
14,739
1,615
16,354
5,411
21,765|**Unrestricted**
**funds**
5,245
88,772
94,017
11,236
1,996
270
13,502
80,515
(1,615)
78,900
(7,054)
71,846|**Total funds**
**this year**|**Total funds**
**last year**
439,591
Nil|
|---|---|---|---|---|
||||||
||||**485,068**||
||||**88,772**||
||||**573,840**|439,591|
|||||441,364
1,710
644|
||||||
||||**475,990**||
||||**2,326**||
||||**270**||
||||**478,586**|443,718|
|||||(4,127)|
||||**95,254**||
||||||
||||**95,254**|(4,127)|
|||||2,484
(1,643)|
||||**(1,643)**||
||||**93,611**||
## **Balance Sheet as at 31 December 2023**
|**Current assets**
Cash
**Current liabilities**
Grant commitments
**Non-current liabilities**
Loans
**Total liabilities**
**Net current assets**
**Net assets**
**Total funds**|**Restricted**
**funds**
74,694
(52,929)
Nil
(52,929)
21,765
21,765
21,765|**Unrestricted**
**funds**
82,797
Nil
(10,951)
(10,951)
82,797
71,846
71,846|**Total funds**
**this year**|**Total funds**
**last year**|
|---|---|---|---|---|
||||||
||||**157,491**|64,084|
|||||(54,776)
(10,951)|
||||||
||||**(52,929)**||
||||||
||||**(10,951)**||
||||**(63,880)**|(65,727)|
|||||9,308
(1,643)|
||||**104,562**||
||||**93,611**||
||||||
||||**93,611**|(1,643)|
||||||
## **Statement of Cash Flows for the Year Ended 31 December 2023**
|Net income
Adjustment for change in creditors
**Net cash from operating activities**
Change in cash
Cash at the beginning of the year
**Cash at the end of the year**|**Total funds**
**this year**|**Total funds**
**last year**
(4,127)
27,690|
|---|---|---|
||||
||95,254||
||(1,847)||
||**93,407**|23,563|
|||23,563
40,521|
||93,407||
||64,084||
||**157,491**|**64,084**|
||||
Approved by the trustees and signed on their behalf,
Reedwan Iqbal 30 October 2024
## **Notes to the Financial Statements**
The financial statements have been prepared on a going concern basis under the historic cost convention and in line with 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), in Sterling.
The charity meets the definition of a public benefit entity under FRS 102.
Donations are recognised when receivable, receipt is probable, and the amount can be reliably measured. Where donations are made through a payment or funding intermediary, they are recognised upon settlement and at the settlement amount. Income tax recoverable is recognised at the time the claim is accepted.
Expenditure and liabilities are recognised once there is an obligation to make a payment to a third party, it is probable that settlement will be required, and the amount can be reliably measured. All expenditure and liabilities are accounted for on an accruals basis.
Restricted funds are assets designated or donated for a specific purpose. Unrestricted funds are assets that may be used for meeting general objectives of the charity, as determined by the trustees.
There were no employees during the year. Trustees did not receive a salary. There were no related party transactions that require disclosure.
Details on institutions and purposes that receive grants from the charity can be accessed at www.littlegiving.org.
## **Independent Examiner’s Statement**
I have examined the accounting records for Little Giving for the year ended 31 December 2023. I confirm that the accounts are in keeping with the requirements of the Charities Act 2011 and accurately reflect Little Giving’s financial performance and position for the year to 31 December 2023. I have found no matters that warrant attention to enable a proper understanding of the accounts.
Hassan Jamshaid, ACMA, CGMA Membership body: CIMA
138 Briercliffe Road, Burnley BB10 1TU 30 October 2024