**REGISTERED CHARITY NUMBER: 1202132** ## **REPORT OF THE TRUSTEES AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **FOR** ## **GIFT GROW GOOD** Gibbons Mannington & Phipps LLP Chartered Accountants Landgate Chambers 24 Landgate Rye East Sussex TN31 7LJ **GIFT GROW GOOD** **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** **----- Start of picture text -----**
Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Cash Flow Statement 7
Notes to the Cash Flow Statement 8
Notes to the Financial Statements 9 to 12
**----- End of picture text -----**
**GIFT GROW GOOD** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025** The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. 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 Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Charity Activities and Objectives** The objectives of the Charity are to provide grants and donations for such charitable purposes, for the public benefit, that are exclusively charitable according to the laws of England and Wales as the trustees may from time to time determine. The Trustees of the Charity seek to support those activities which help further these objectives. The number of projects which can be supported is, of necessity, limited to the amount of funds available for distribution in any year. It is a private charitable incorporated organisation which only makes donations to other registered charities or projects that support exclusively charitable purposes. The beneficiaries of donations are chosen exclusively by the Trustees. The Trustees proactively identify charities and projects to support. The Charity does not engage in any fundraising activities and does not solicit or respond to unsolicited requests for donations. The charities chosen for donation will be carefully selected by the Trustees on a set of guiding principles. Criteria will depend on the reputation of the organisation, and if it has proven benefits and positive impacts, with a significant portion of the funds going transparently to its purpose and not administration. The Charity is governed by its constitution and policies. The trustees are appointed and managed by the Chair, based on criteria appropriate to the objectives of the Charity (see below). The Charity has at least one formal Annual General Meeting per year and informal meetings among the trustees, as and when required or appropriate. This year the Annual General Meeting was held on 4 July 2024 at 7.45 pm and all Trustees were present. ## **Public benefit** The trustees have had regard to the Charity Commission guidance on public benefit. Page 1 **GIFT GROW GOOD** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025** ## **ACHIEVEMENTS AND PERFORMANCE** ## **Activities and Objectves in the Year** The Charity has focussed upon consolidating its first year’s activities, now that the bank account is fully functioning and funds from the CAF of the same name were received. This has enabled the Charity to continue to fulfil its objectives and to make donations to other selected charities that are in line with the Charity’s purpose. The beneficiaries have been: - Multiple System Atrophy - Imperial College, London - Cancer Research U.K. - Medecins Sans Frontiers - The World Zoroastrian Organization - Prosper Operations Limited - WaterAid The Trustees concurred that these donations are consistent with the objectives to: 1. limit donations to the amount of funds available for distribution in any year; and 2. to only make donations to other registered charities or projects that support exclusively charitable purposes. The Trustees are satisfied that the Charity's aims and objectives for the year were fulfilled, and that they met the strategies agreed to achieve them. They noted that the Charity achieved its goals and performance in fulfilling public benefit. Decisions regarding the choice of beneficiaries and allocation of charitable donations among them were made in accordance with the Charity’s Conflict of Interests Policy. All potential conflicts were declared, assessed, and appropriately managed by the Trustees to ensure that the process remained fair, transparent, and in accordance with the Charity's objectives and policies. ## **FINANCIAL REVIEW** ## **Financial position** The Charity’s financial performance was as agreed and expected with distributions made accordingly as noted above. The Charity has no debts and no funds held as a custodian trustee. The Charity has prepared its first tax return. At the accounting year end the charity held reserves totalling £496,745, all of which are unrestricted funds. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The Charity is structured as a Charitable Incorporated Organisation (CIO). ## **Recruitment and appointment of new trustees** Recruitment of trustees continues to be managed by the Chair, based on criteria appropriate to the objectives of the Charity including but not limited to: - Experience and knowledge of the Charity and its objectives - Willingness to Learn New Ideas - Leadership Skills - Integrity and Good Judgment - Accountability - Openness The initial appointments are still within term and no Trustee has resigned or been dismissed. No additional Trustees have been appointed for the year ended 31 March 2025. Page 2 **GIFT GROW GOOD** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1202132 ## **Principal address** 75 Deodar Road London SW15 2NU ## **Trustees** R Mobed Miss J Mobed Ms E Mobed Ms S C Mobed ## **Independent Examiner** Gibbons Mannington & Phipps LLP Chartered Accountants Landgate Chambers 24 Landgate Rye East Sussex TN31 7LJ ## **Bank and Investment Provider** Barclays 1 Churchill Place London E14 5HP Approved by order of the board of trustees on 23 January 2026 and signed on its behalf by: R Mobed - Trustee Page 3 **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GIFT GROW GOOD** ## **Independent examiner's report to the trustees of Gift Grow Good** I report to the charity trustees on my examination of the accounts of Gift Grow Good (the Trust) for the year ended 31 March 2025. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Joseph Greenslade FCCA Gibbons Mannington & Phipps LLP Chartered Accountants Landgate Chambers 24 Landgate Rye East Sussex TN31 7LJ 26 January 2026 Page 4 **GIFT GROW GOOD** **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025** |**Year Ended**
**31/3/25**
**Unrestricted**
**fund**
Notes
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
3
**501,636**
Other income
**6,191**
**Total**
**507,827**
**EXPENDITURE ON**
Raising funds
4
**1,274**
**Charitable activities**
5
Charitable activities
**10,000**
Other
**900**
**Total**
**12,174**
Net gains on investments
**1,092**
**NET INCOME**
**496,745**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**-**
**TOTAL FUNDS CARRIED FORWARD**
**496,745**|Period
1/3/23
to
31/3/24
Total
funds
£
-
-
-
-
-
-
-
-
-
-
-| |---|---| The notes form part of these financial statements Page 5 **GIFT GROW GOOD** ## **BALANCE SHEET 31 MARCH 2025** |**2025**
**Unrestricted**
**fund**
Notes
**£**
**FIXED ASSETS**
Investments
10
**486,093**
**CURRENT ASSETS**
Cash at bank
**11,552**
**CREDITORS**
Amounts falling due within one year
11
**(900)**
**NET CURRENT ASSETS**
**10,652**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**496,745**
**NET ASSETS**
**496,745**
**FUNDS**
12
Unrestricted funds
**496,745**
**TOTAL FUNDS**
**496,745**|2024
Total
funds
£
-
-
-
-
-
-
-
-| |---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 23 January 2026 and were signed on its behalf by: R Mobed - Trustee The notes form part of these financial statements Page 6 **GIFT GROW GOOD** ## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025** |**Year Ended**
**31/3/25**
Notes
**£**
**Cash flows from operating activities**
Cash generated from operations
1
**496,553**
Net cash provided by operating activities
**496,553**
**Cash flows from investing activities**
Purchase of fixed asset investments
**(485,001)**
Net cash (used in)/provided by investing activities
**(485,001)**
**Change in cash and cash**
**equivalents in the reporting period**
**11,552**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**-**
**Cash and cash equivalents at the**
**end of the reporting period**
**11,552**|Period
1/3/23
to
31/3/24
£
-
-
-
-
-
-
-| |---|---| The notes form part of these financial statements Page 7 **GIFT GROW GOOD** **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025** ## **1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES** |**Net income for the reporting period (as per the Statement**
**of Financial Activities)**
**Adjustments for:**
Losses on investments
Increase in creditors|**Year Ended**
**31/3/25**
**£**
**496,745**
**(1,092)**
**900**||Period
1/3/23
to
31/3/24
£
-
-
-| |---|---|---|---| |**Net cash provided by operations**|**496,553**||-| |**2.**
**ANALYSIS OF CHANGES IN NET FUNDS**
At 1/4/24
£
**Net cash**
Cash at bank
**-**|Cash flow
£
**11,552**|**At 31/3/25**
**£**
**11,552**|| |**-**|**11,552**||**11,552**| |**Total**
**-**|**11,552**||**11,552**| The notes form part of these financial statements Page 8 **GIFT GROW GOOD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **1. STATUTORY INFORMATION** Gift Grow Good is a charitable incorporated organisation, registered in England and Wales. The charity's registered number and principle address can be found in the Report of the Trustees. ## **2. ACCOUNTING POLICIES** ## **BASIS OF PREPARING THE FINANCIAL STATEMENTS** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared 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' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets. ## **INCOME** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **EXPENDITURE** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **TAXATION** The charity is exempt from tax on its charitable activities. ## **FUND ACCOUNTING** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **INVESTMENTS** Investments held by the charity are initially recognised at cost. At the end of each accounting period these are revalued based upon market value. continued... Page 9 **GIFT GROW GOOD** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** |**3.**
**DONATIONS AND LEGACIES**
**Year Ended**
**31/3/25**
**£**
Donations
**501,636**
**4.**
**RAISING FUNDS**
**INVESTMENT MANAGEMENT COSTS**
**Year Ended**
**31/3/25**
**£**
Portfolio management
**1,274**
**5.**
**CHARITABLE ACTIVITIES COSTS**
Charitable activities
**6.**
**SUPPORT COSTS**

Other resources expended
**7.**
**INDEPENDENT EXAMINERS' REMUNERATION**
**Year Ended**
**31/3/25**
**£**
Independent examiners' remuneration
**900**|Period
1/3/23
to
31/3/24
£
-
Period
1/3/23
to
31/3/24
£
-
Direct
Costs
£
**10,000**
Governance
costs
£
**900**
Period
1/3/23
to
31/3/24
£
-| |---|---| ## **8. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the period ended 31 March 2024. ## **TRUSTEES' EXPENSES** There were no trustees' expenses paid for the year ended 31 March 2025 nor for the period ended 31 March 2024. continued... Page 10 **GIFT GROW GOOD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** **----- Start of picture text -----**
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Total
funds
£
NET INCOME -
TOTAL FUNDS CARRIED FORWARD -
10. FIXED ASSET INVESTMENTS
Listed
investment
£
MARKET VALUE
Additions 485,001
Revaluations 1,092
At 31 March 2025 486,093
NET BOOK VALUE
At 31 March 2025 486,093
At 31 March 2024 -
There were no investment assets outside the UK.
Cost or valuation at 31 March 2025 is represented by:
Listed
investmen
£
Valuation in 2025 1,092
Cost 485,001
486,093
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Other creditors 900 -
12. MOVEMENT IN FUNDS
Net
movement At
At 1/4/24 in funds 31/3/25
£ £ £
Unrestricted funds
General fund - 496,745 496,745
TOTAL FUNDS - 496,745 496,745
**----- End of picture text -----**
continued... Page 11 **GIFT GROW GOOD** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** ## **12. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
**507,827**
**507,827**|Resources
expended
£
**(12,174)**
**(12,174)**|Gains and
losses
£
**1,092**
**1,092**|Movement
in funds
£
**496,745**
**496,745**| |---|---|---|---|---| ## **13. RELATED PARTY DISCLOSURES** During the accounting period a donation of £2,000 was made to Prosper Operations Limited; both organisations have a mutual Trustee. Page 12 **REGISTERED CHARITY NUMBER: 1202132** ## **REPORT OF THE TRUSTEES AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **FOR** ## **GIFT GROW GOOD** Gibbons Mannington & Phipps LLP Chartered Accountants Landgate Chambers 24 Landgate Rye East Sussex TN31 7LJ **GIFT GROW GOOD** **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** **----- Start of picture text -----**
Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Cash Flow Statement 7
Notes to the Cash Flow Statement 8
Notes to the Financial Statements 9 to 12
Detailed Statement of Financial Activities 13
**----- End of picture text -----**
**GIFT GROW GOOD** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025** The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. 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 Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Charity Activities and Objectives** The objectives of the Charity are to provide grants and donations for such charitable purposes, for the public benefit, that are exclusively charitable according to the laws of England and Wales as the trustees may from time to time determine. The Trustees of the Charity seek to support those activities which help further these objectives. The number of projects which can be supported is, of necessity, limited to the amount of funds available for distribution in any year. It is a private charitable incorporated organisation which only makes donations to other registered charities or projects that support exclusively charitable purposes. The beneficiaries of donations are chosen exclusively by the Trustees. The Trustees proactively identify charities and projects to support. The Charity does not engage in any fundraising activities and does not solicit or respond to unsolicited requests for donations. The charities chosen for donation will be carefully selected by the Trustees on a set of guiding principles. Criteria will depend on the reputation of the organisation, and if it has proven benefits and positive impacts, with a significant portion of the funds going transparently to its purpose and not administration. The Charity is governed by its constitution and policies. The trustees are appointed and managed by the Chair, based on criteria appropriate to the objectives of the Charity (see below). The Charity has at least one formal Annual General Meeting per year and informal meetings among the trustees, as and when required or appropriate. This year the Annual General Meeting was held on 4 July 2024 at 7.45 pm and all Trustees were present. ## **Public benefit** The trustees have had regard to the Charity Commission guidance on public benefit. Page 1 **GIFT GROW GOOD** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025** ## **ACHIEVEMENTS AND PERFORMANCE** ## **Activities and Objectves in the Year** The Charity has focussed upon consolidating its first year’s activities, now that the bank account is fully functioning and funds from the CAF of the same name were received. This has enabled the Charity to continue to fulfil its objectives and to make donations to other selected charities that are in line with the Charity’s purpose. The beneficiaries have been: - Multiple System Atrophy - Imperial College, London - Cancer Research U.K. - Medecins Sans Frontiers - The World Zoroastrian Organization - Prosper Operations Limited - WaterAid The Trustees concurred that these donations are consistent with the objectives to: 1. limit donations to the amount of funds available for distribution in any year; and 2. to only make donations to other registered charities or projects that support exclusively charitable purposes. The Trustees are satisfied that the Charity's aims and objectives for the year were fulfilled, and that they met the strategies agreed to achieve them. They noted that the Charity achieved its goals and performance in fulfilling public benefit. Decisions regarding the choice of beneficiaries and allocation of charitable donations among them were made in accordance with the Charity’s Conflict of Interests Policy. All potential conflicts were declared, assessed, and appropriately managed by the Trustees to ensure that the process remained fair, transparent, and in accordance with the Charity's objectives and policies. ## **FINANCIAL REVIEW** ## **Financial position** The Charity’s financial performance was as agreed and expected with distributions made accordingly as noted above. The Charity has no debts and no funds held as a custodian trustee. The Charity has prepared its first tax return. At the accounting year end the charity held reserves totalling £496,745, all of which are unrestricted funds. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The Charity is structured as a Charitable Incorporated Organisation (CIO). ## **Recruitment and appointment of new trustees** Recruitment of trustees continues to be managed by the Chair, based on criteria appropriate to the objectives of the Charity including but not limited to: - Experience and knowledge of the Charity and its objectives - Willingness to Learn New Ideas - Leadership Skills - Integrity and Good Judgment - Accountability - Openness The initial appointments are still within term and no Trustee has resigned or been dismissed. No additional Trustees have been appointed for the year ended 31 March 2025. Page 2 **GIFT GROW GOOD** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1202132 ## **Principal address** 75 Deodar Road London SW15 2NU ## **Trustees** R Mobed Miss J Mobed Ms E Mobed Ms S C Mobed ## **Independent Examiner** Gibbons Mannington & Phipps LLP Chartered Accountants Landgate Chambers 24 Landgate Rye East Sussex TN31 7LJ ## **Bank and Investment Provider** Barclays 1 Churchill Place London E14 5HP Approved by order of the board of trustees on 23 January 2026 and signed on its behalf by: R Mobed - Trustee Page 3 **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GIFT GROW GOOD** ## **Independent examiner's report to the trustees of Gift Grow Good** I report to the charity trustees on my examination of the accounts of Gift Grow Good (the Trust) for the year ended 31 March 2025. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Joseph Greenslade FCCA Gibbons Mannington & Phipps LLP Chartered Accountants Landgate Chambers 24 Landgate Rye East Sussex TN31 7LJ 26 January 2026 Page 4 **GIFT GROW GOOD** **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025** |**Year Ended**
**31/3/25**
**Unrestricted**
**fund**
Notes
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
3
**501,636**
Other income
**6,191**
**Total**
**507,827**
**EXPENDITURE ON**
Raising funds
4
**1,274**
**Charitable activities**
5
Charitable activities
**10,000**
Other
**900**
**Total**
**12,174**
Net gains on investments
**1,092**
**NET INCOME**
**496,745**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**-**
**TOTAL FUNDS CARRIED FORWARD**
**496,745**|_Period_
_1/3/23_
_to_
_31/3/24_
_Total_
_funds_
_£_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_| |---|---| The notes form part of these financial statements Page 5 **GIFT GROW GOOD** ## **BALANCE SHEET 31 MARCH 2025** |**2025**
**Unrestricted**
**fund**
Notes
**£**
**FIXED ASSETS**
Investments
10
**486,093**
**CURRENT ASSETS**
Cash at bank
**11,552**
**CREDITORS**
Amounts falling due within one year
11
**(900)**
**NET CURRENT ASSETS**
**10,652**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**496,745**
**NET ASSETS**
**496,745**
**FUNDS**
12
Unrestricted funds
**496,745**
**TOTAL FUNDS**
**496,745**|_2024_
_Total_
_funds_
_£_
_-_
_-_
_-_
_-_
_-_
_-_
-
-| |---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 23 January 2026 and were signed on its behalf by: R Mobed - Trustee The notes form part of these financial statements Page 6 **GIFT GROW GOOD** ## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025** |**Year Ended**
**31/3/25**
Notes
**£**
**Cash flows from operating activities**
Cash generated from operations
1
**496,553**
Net cash provided by operating activities
**496,553**
**Cash flows from investing activities**
Purchase of fixed asset investments
**(485,001)**
Net cash (used in)/provided by investing activities
**(485,001)**
**Change in cash and cash**
**equivalents in the reporting period**
**11,552**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**-**
**Cash and cash equivalents at the**
**end of the reporting period**
**11,552**|_Period_
_1/3/23_
_to_
_31/3/24_
_£_
_-_
_-_
_-_
_-_
_-_
_-_
_-_| |---|---| The notes form part of these financial statements Page 7 **GIFT GROW GOOD** **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025** ## **1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES** |**Net income for the reporting period (as per the Statement**
**of Financial Activities)**
**Adjustments for:**
Losses on investments
Increase in creditors|**Year Ended**
**31/3/25**
**£**
**496,745**
**(1,092)**
**900**||_Period_
_1/3/23_
_to_
_31/3/24_
_£_
_-_
_-_
_-_| |---|---|---|---| |**Net cash provided by operations**|**496,553**||_-_| |**2.**
**ANALYSIS OF CHANGES IN NET FUNDS**
At 1/4/24
£
**Net cash**
Cash at bank
**-**|Cash flow
£
**11,552**|**At 31/3/25**
**£**
**11,552**|| |**-**|**11,552**||**11,552**| |**Total**
**-**|**11,552**||**11,552**| The notes form part of these financial statements Page 8 **GIFT GROW GOOD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **1. STATUTORY INFORMATION** Gift Grow Good is a charitable incorporated organisation, registered in England and Wales. The charity's registered number and principle address can be found in the Report of the Trustees. ## **2. ACCOUNTING POLICIES** ## **BASIS OF PREPARING THE FINANCIAL STATEMENTS** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared 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' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets. ## **INCOME** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **EXPENDITURE** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **TAXATION** The charity is exempt from tax on its charitable activities. ## **FUND ACCOUNTING** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **INVESTMENTS** Investments held by the charity are initially recognised at cost. At the end of each accounting period these are revalued based upon market value. continued... Page 9 **GIFT GROW GOOD** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** |**3.**
**DONATIONS AND LEGACIES**
**Year Ended**
**31/3/25**
**£**
Donations
**501,636**
**4.**
**RAISING FUNDS**
**INVESTMENT MANAGEMENT COSTS**
**Year Ended**
**31/3/25**
**£**
Portfolio management
**1,274**
**5.**
**CHARITABLE ACTIVITIES COSTS**
Charitable activities
**6.**
**SUPPORT COSTS**

Other resources expended
**7.**
**INDEPENDENT EXAMINERS' REMUNERATION**
**Year Ended**
**31/3/25**
**£**
Independent examiners' remuneration
**900**|_Period_
_1/3/23_
_to_
_31/3/24_
_£_
_-_
_Period_
_1/3/23_
_to_
_31/3/24_
_£_
_-_
Direct
Costs
£
**10,000**
Governance
costs
£
**900**
_Period_
_1/3/23_
_to_
_31/3/24_
_£_
_-_| |---|---| ## **8. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the period ended 31 March 2024. ## **TRUSTEES' EXPENSES** There were no trustees' expenses paid for the year ended 31 March 2025 nor for the period ended 31 March 2024. continued... Page 10 **GIFT GROW GOOD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** **----- Start of picture text -----**
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Total
funds
£
NET INCOME -
TOTAL FUNDS CARRIED FORWARD -
10. FIXED ASSET INVESTMENTS
Listed
investment
£
MARKET VALUE
Additions 485,001
Revaluations 1,092
At 31 March 2025 486,093
NET BOOK VALUE
At 31 March 2025 486,093
At 31 March 2024 -
There were no investment assets outside the UK.
Cost or valuation at 31 March 2025 is represented by:
Listed
investmen
£
Valuation in 2025 1,092
Cost 485,001
486,093
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Other creditors 900 -
12. MOVEMENT IN FUNDS
Net
movement At
At 1/4/24 in funds 31/3/25
£ £ £
Unrestricted funds
General fund - 496,745 496,745
TOTAL FUNDS - 496,745 496,745
**----- End of picture text -----**
continued... Page 11 **GIFT GROW GOOD** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** ## **12. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
**507,827**
**507,827**|Resources
expended
£
**(12,174)**
**(12,174)**|Gains and
losses
£
**1,092**
**1,092**|Movement
in funds
£
**496,745**
**496,745**| |---|---|---|---|---| ## **13. RELATED PARTY DISCLOSURES** During the accounting period a donation of £2,000 was made to Prosper Operations Limited; both organisations have a mutual Trustee. Page 12 **GIFT GROW GOOD** **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Other income**
Barclays compensation|Period
1/3/23
Year Ended
to
31/3/25
_31/3/24_
£
_£_
**501,636**
_-_
**6,191**
_-_| |---|---| |**Total incoming resources**
**EXPENDITURE**
**Investment management costs**
Portfolio management
**Charitable activities**
Donations
**Support costs**
**Governance costs**
Independent examiners' remuneration|**507,827**
_-_
**1,274**
_-_
**10,000**
_-_
**900**
_-_| |Total resources expended|**12,174**
_-_| |**Net income**|**495,653**
_-_| This page does not form part of the statutory financial statements Page 13 **REGISTERED CHARITY NUMBER: 1202132** ## **REPORT OF THE TRUSTEES AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **FOR** ## **GIFT GROW GOOD** Gibbons Mannington & Phipps LLP Chartered Accountants Landgate Chambers 24 Landgate Rye East Sussex TN31 7LJ **GIFT GROW GOOD** **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** **----- Start of picture text -----**
Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Cash Flow Statement 7
Notes to the Cash Flow Statement 8
Notes to the Financial Statements 9 to 12
**----- End of picture text -----**
**GIFT GROW GOOD** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025** The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. 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 Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Charity Activities and Objectives** The objectives of the Charity are to provide grants and donations for such charitable purposes, for the public benefit, that are exclusively charitable according to the laws of England and Wales as the trustees may from time to time determine. The Trustees of the Charity seek to support those activities which help further these objectives. The number of projects which can be supported is, of necessity, limited to the amount of funds available for distribution in any year. It is a private charitable incorporated organisation which only makes donations to other registered charities or projects that support exclusively charitable purposes. The beneficiaries of donations are chosen exclusively by the Trustees. The Trustees proactively identify charities and projects to support. The Charity does not engage in any fundraising activities and does not solicit or respond to unsolicited requests for donations. The charities chosen for donation will be carefully selected by the Trustees on a set of guiding principles. Criteria will depend on the reputation of the organisation, and if it has proven benefits and positive impacts, with a significant portion of the funds going transparently to its purpose and not administration. The Charity is governed by its constitution and policies. The trustees are appointed and managed by the Chair, based on criteria appropriate to the objectives of the Charity (see below). The Charity has at least one formal Annual General Meeting per year and informal meetings among the trustees, as and when required or appropriate. This year the Annual General Meeting was held on 4 July 2024 at 7.45 pm and all Trustees were present. ## **Public benefit** The trustees have had regard to the Charity Commission guidance on public benefit. Page 1 **GIFT GROW GOOD** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025** ## **ACHIEVEMENTS AND PERFORMANCE** ## **Activities and Objectves in the Year** The Charity has focussed upon consolidating its first year’s activities, now that the bank account is fully functioning and funds from the CAF of the same name were received. This has enabled the Charity to continue to fulfil its objectives and to make donations to other selected charities that are in line with the Charity’s purpose. The beneficiaries have been: - Multiple System Atrophy - Imperial College, London - Cancer Research U.K. - Medecins Sans Frontiers - The World Zoroastrian Organization - Prosper Operations Limited - WaterAid The Trustees concurred that these donations are consistent with the objectives to: 1. limit donations to the amount of funds available for distribution in any year; and 2. to only make donations to other registered charities or projects that support exclusively charitable purposes. The Trustees are satisfied that the Charity's aims and objectives for the year were fulfilled, and that they met the strategies agreed to achieve them. They noted that the Charity achieved its goals and performance in fulfilling public benefit. Decisions regarding the choice of beneficiaries and allocation of charitable donations among them were made in accordance with the Charity’s Conflict of Interests Policy. All potential conflicts were declared, assessed, and appropriately managed by the Trustees to ensure that the process remained fair, transparent, and in accordance with the Charity's objectives and policies. ## **FINANCIAL REVIEW** ## **Financial position** The Charity’s financial performance was as agreed and expected with distributions made accordingly as noted above. The Charity has no debts and no funds held as a custodian trustee. The Charity has prepared its first tax return. At the accounting year end the charity held reserves totalling £496,745, all of which are unrestricted funds. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The Charity is structured as a Charitable Incorporated Organisation (CIO). ## **Recruitment and appointment of new trustees** Recruitment of trustees continues to be managed by the Chair, based on criteria appropriate to the objectives of the Charity including but not limited to: - Experience and knowledge of the Charity and its objectives - Willingness to Learn New Ideas - Leadership Skills - Integrity and Good Judgment - Accountability - Openness The initial appointments are still within term and no Trustee has resigned or been dismissed. No additional Trustees have been appointed for the year ended 31 March 2025. Page 2 **GIFT GROW GOOD** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1202132 ## **Principal address** 75 Deodar Road London SW15 2NU ## **Trustees** R Mobed Miss J Mobed Ms E Mobed Ms S C Mobed ## **Independent Examiner** Gibbons Mannington & Phipps LLP Chartered Accountants Landgate Chambers 24 Landgate Rye East Sussex TN31 7LJ ## **Bank and Investment Provider** Barclays 1 Churchill Place London E14 5HP Approved by order of the board of trustees on 23 January 2026 and signed on its behalf by: R Mobed - Trustee Page 3 **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GIFT GROW GOOD** ## **Independent examiner's report to the trustees of Gift Grow Good** I report to the charity trustees on my examination of the accounts of Gift Grow Good (the Trust) for the year ended 31 March 2025. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Joseph Greenslade FCCA Gibbons Mannington & Phipps LLP Chartered Accountants Landgate Chambers 24 Landgate Rye East Sussex TN31 7LJ 26 January 2026 Page 4 **GIFT GROW GOOD** **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025** |**Year Ended**
**31/3/25**
**Unrestricted**
**fund**
Notes
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
3
**501,636**
Other income
**6,191**
**Total**
**507,827**
**EXPENDITURE ON**
Raising funds
4
**1,274**
**Charitable activities**
5
Charitable activities
**10,000**
Other
**900**
**Total**
**12,174**
Net gains on investments
**1,092**
**NET INCOME**
**496,745**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**-**
**TOTAL FUNDS CARRIED FORWARD**
**496,745**|Period
1/3/23
to
31/3/24
Total
funds
£
-
-
-
-
-
-
-
-
-
-
-| |---|---| The notes form part of these financial statements Page 5 **GIFT GROW GOOD** ## **BALANCE SHEET 31 MARCH 2025** |**2025**
**Unrestricted**
**fund**
Notes
**£**
**FIXED ASSETS**
Investments
10
**486,093**
**CURRENT ASSETS**
Cash at bank
**11,552**
**CREDITORS**
Amounts falling due within one year
11
**(900)**
**NET CURRENT ASSETS**
**10,652**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**496,745**
**NET ASSETS**
**496,745**
**FUNDS**
12
Unrestricted funds
**496,745**
**TOTAL FUNDS**
**496,745**|2024
Total
funds
£
-
-
-
-
-
-
-
-| |---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 23 January 2026 and were signed on its behalf by: R Mobed - Trustee The notes form part of these financial statements Page 6 **GIFT GROW GOOD** ## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025** |**Year Ended**
**31/3/25**
Notes
**£**
**Cash flows from operating activities**
Cash generated from operations
1
**496,553**
Net cash provided by operating activities
**496,553**
**Cash flows from investing activities**
Purchase of fixed asset investments
**(485,001)**
Net cash (used in)/provided by investing activities
**(485,001)**
**Change in cash and cash**
**equivalents in the reporting period**
**11,552**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**-**
**Cash and cash equivalents at the**
**end of the reporting period**
**11,552**|Period
1/3/23
to
31/3/24
£
-
-
-
-
-
-
-| |---|---| The notes form part of these financial statements Page 7 **GIFT GROW GOOD** **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025** ## **1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES** |**Net income for the reporting period (as per the Statement**
**of Financial Activities)**
**Adjustments for:**
Losses on investments
Increase in creditors|**Year Ended**
**31/3/25**
**£**
**496,745**
**(1,092)**
**900**||Period
1/3/23
to
31/3/24
£
-
-
-| |---|---|---|---| |**Net cash provided by operations**|**496,553**||-| |**2.**
**ANALYSIS OF CHANGES IN NET FUNDS**
At 1/4/24
£
**Net cash**
Cash at bank
**-**|Cash flow
£
**11,552**|**At 31/3/25**
**£**
**11,552**|| |**-**|**11,552**||**11,552**| |**Total**
**-**|**11,552**||**11,552**| The notes form part of these financial statements Page 8 **GIFT GROW GOOD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **1. STATUTORY INFORMATION** Gift Grow Good is a charitable incorporated organisation, registered in England and Wales. The charity's registered number and principle address can be found in the Report of the Trustees. ## **2. ACCOUNTING POLICIES** ## **BASIS OF PREPARING THE FINANCIAL STATEMENTS** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared 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' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets. ## **INCOME** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **EXPENDITURE** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **TAXATION** The charity is exempt from tax on its charitable activities. ## **FUND ACCOUNTING** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **INVESTMENTS** Investments held by the charity are initially recognised at cost. At the end of each accounting period these are revalued based upon market value. continued... Page 9 **GIFT GROW GOOD** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** |**3.**
**DONATIONS AND LEGACIES**
**Year Ended**
**31/3/25**
**£**
Donations
**501,636**
**4.**
**RAISING FUNDS**
**INVESTMENT MANAGEMENT COSTS**
**Year Ended**
**31/3/25**
**£**
Portfolio management
**1,274**
**5.**
**CHARITABLE ACTIVITIES COSTS**
Charitable activities
**6.**
**SUPPORT COSTS**

Other resources expended
**7.**
**INDEPENDENT EXAMINERS' REMUNERATION**
**Year Ended**
**31/3/25**
**£**
Independent examiners' remuneration
**900**|Period
1/3/23
to
31/3/24
£
-
Period
1/3/23
to
31/3/24
£
-
Direct
Costs
£
**10,000**
Governance
costs
£
**900**
Period
1/3/23
to
31/3/24
£
-| |---|---| ## **8. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the period ended 31 March 2024. ## **TRUSTEES' EXPENSES** There were no trustees' expenses paid for the year ended 31 March 2025 nor for the period ended 31 March 2024. continued... Page 10 **GIFT GROW GOOD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** **----- Start of picture text -----**
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Total
funds
£
NET INCOME -
TOTAL FUNDS CARRIED FORWARD -
10. FIXED ASSET INVESTMENTS
Listed
investment
£
MARKET VALUE
Additions 485,001
Revaluations 1,092
At 31 March 2025 486,093
NET BOOK VALUE
At 31 March 2025 486,093
At 31 March 2024 -
There were no investment assets outside the UK.
Cost or valuation at 31 March 2025 is represented by:
Listed
investmen
£
Valuation in 2025 1,092
Cost 485,001
486,093
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Other creditors 900 -
12. MOVEMENT IN FUNDS
Net
movement At
At 1/4/24 in funds 31/3/25
£ £ £
Unrestricted funds
General fund - 496,745 496,745
TOTAL FUNDS - 496,745 496,745
**----- End of picture text -----**
continued... Page 11 **GIFT GROW GOOD** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** ## **12. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
**507,827**
**507,827**|Resources
expended
£
**(12,174)**
**(12,174)**|Gains and
losses
£
**1,092**
**1,092**|Movement
in funds
£
**496,745**
**496,745**| |---|---|---|---|---| ## **13. RELATED PARTY DISCLOSURES** During the accounting period a donation of £2,000 was made to Prosper Operations Limited; both organisations have a mutual Trustee. Page 12