Charity registration number SC041416 (Scotland)
Company registration number SC376977 (Scotland)
IT'S GOOD 2 GIVE!
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
IT'S GOOD 2 GIVE!
CONTENTS
Page
Chair's Statement
1
Trustees' report
2 - 6
Independent auditor's report
7 - 9
Statement of financial activities
10 - 11
Balance sheet
12
Statement of cash flows
13
Notes to the financial statements
14 - 25
IT'S GOOD 2 GIVE!
CHAIR'S STATEMENT
FOR THE YEAR ENDED 31 MARCH 2023
- 1 -

Our biggest achievement during the past two years was the finalised agreement to fund four psychologist posts to support the mental health of young cancer patients treated in the Royal Hospital for Children and Young People in Edinburgh and Glasgow Children’s Hospital. The two posts for Edinburgh were filled in early 2022 and the two in Glasgow were filled in autumn 2022.

We purchased woodland adjoining our land at Ripple Retreat – our neighbour planned to sell the area and to secure the privacy of Ripple Retreat guests we, as a Board, agreed to purchase it. We plan to enhance it by planting additional native trees.

Our End of Treatment Bells continue to be provided for young cancer patients in Edinburgh and Aberdeen. We have also continued to provide our Parent and Patient Packs throughout the year to the Edinburgh, Aberdeen and Glasgow hospitals.

During this financial year we were able to welcome 30 families to the Ripple Retreat, delivered two mum’s days focused on the health and wellbeing of mums whose child is going through treatment and organised an open day to welcome our volunteers and supporters to Ripple Retreat. We also held a fun parent and child biscuit decorating workshop at the Retreat which went down a storm.

Our bald Lottie dolls continue to prove popular with young cancer patients enabling them to have a doll they can relate to during their treatment and hair loss.

Supermarket voucher requests for newly diagnosed and relapsed families continue to be a vital service we provide to families across Scotland. With a steep rise in living costs, we have seen requests increase for additional vouchers and we help where we can.

It was so good to return to organising fundraising events. We held our Blingo event at the Sheraton Hotel in May 2022 and a Glasgow Blingo event in September 2022. Our Young Ambassadors held their Christmas Afternoon Tea event in December at a new venue for this event – at the Kimpton Hotel. It was our biggest afternoon tea yet with over 200 guests. Our Young Ambassadors were once again, exceptional.

We are extremely grateful to the various trusts and foundations who have supported us throughout the year. Grants were awarded from The Elizabeth Frankland Moore and Star Foundation, Tesco Bags of Help, B&Q Foundation, BlackRock, Lovell Builders, Hugh Fraser Foundation, Edinburgh College for training, Arnold Clark Community Fund, UNUM, Wm Grant Foundation, Loch Venachar Lodges, Callander Rotary, Co-op Community Fund, Crieff Hydro – Charity Partner – donation of several prizes to raise funds.

Our corporate supporters and Charity of the Year partners have once again provided excellent support, for which we are extremely grateful. In particular the support shown to us by KDMedia through the Scottish Property Awards, Scottish Home Awards and Scottish Legal awards is most appreciated. A returning charity partner, Balanced Physiotherapy, has also been one of our proactive partners organising several events and they plan to raise enough to create a sensory trail in the wooded area at Ripple Retreat.

Despite the challenges we faced, I am delighted to report that our income for the year totalled £367,730.

The feedback we receive from young cancer patients and their families is a true testament of the commitment and passion our team, volunteers, and trustees, have given to It’s Good 2 Give throughout the year.

We look forward to building on the success of 2022/2023 and the return of more face to face fundraising in 2023/24.

Louise Caithness
Chair
Date: 7 August 2023
IT'S GOOD 2 GIVE!
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -

The trustees present their annual report and financial statements for the year ended 31 March 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Articles of Association, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and "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)" (as amended for accounting periods commencing from 1 January 2019).

Objectives and activities

The charity has two primary objectives:

Fundraising activities to date have secured significant funds. The day-to-day support of young patients has consisted of the provision of nutritional snacks and drinks in both Glasgow and Edinburgh oncology wards together with funding of items, both functional and fun, to make patients’ lives a little brighter.

Ripple Retreat

It has been wonderful to return to full occupancy at our Ripple Retreat. All our Welcome Volunteers are back too and love welcoming a family each Saturday. We have some housekeeping, gardening, and maintenance volunteers too and they are all delighted to be back supporting our charity. Our Ripple Retreat Bookings Manager video calls the family a week prior to their stay to go through our terms and conditions and answer any questions. Our Welcome Volunteers offer a warm welcome on-site and talk through the practical elements of their stay. The video call and Welcome Team roles have been updated accordingly. Training for Welcome Volunteers is continuous.

We continue to maintain excellent relationships with our business contacts in the Callander area. Go Ape, Blair Drummond Safari Park, the Loch Venachar Sailing Club, Wheels Cycle Hire, and Callander mini golf, are all offered to our families free of charge during their stay. We donate a £100 supermarket voucher to each family to help with fuel or food costs.

In December 2022, we engaged Susan Milligan as our Ripple Retreat Manager. Susan stays locally and is therefore a great support to our Ripple Retreat Director – Co-Founder Lynne McNicoll. Going forward Susan will forge relationships with local businesses and individuals to provide support to our charity.

Volunteers

Our volunteers and Young Ambassadors are delighted to return to volunteering activities.

Our Volunteer Manager, Jane Lothian, has made considerable progress in identifying new and improved processes for the recruitment, training and support of volunteers and Young Ambassadors.

Our Young Ambassadors helped organise a Christmas Afternoon Tea event in December 2022 at the Kimpton Hotel Edinburgh with over 200 guests attending!

The total volunteer hours donated to It’s good 2 give this financial year is an incredible 4621. We are truly grateful to all volunteers who donate their time.

IT'S GOOD 2 GIVE!
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
Achievements and performance

Whilst the Trustees did not set a specific fundraising target for the year, they are satisfied that the amount raised this financial year is commensurate with the amount we were able to realistically raise during continued periods of uncertainty. We diversified our income applying for additional funding through grants and trust funds, and identified new opportunities to increase our regular income, like making a monthly donation through Friends of It’s good 2 give.

We are all delighted that the four psychology posts we fund in central Scotland are all filled. We are equally delighted that they have all made a big difference in a short period of time – in addition to working with patients on a one-to-one basis they are creating projects that will help more young cancer patients.

Annual fundraising events

It was wonderful to return to face-to-face events and we enjoyed holding our annual ladies lunch - Blingo - in May 2022. We owe a huge debt of gratitude to Founding Patrons Grant Stott and Tonya Macari for hosting this event for over ten years. In September 2022, we held our second event in Glasgow - Glasgow Blingo - with Grant hosting this event along with Charity Ambassador Kylie Reid. This event was co-organised by Lynne McNicoll and fellow trustee, Rosemary Calder. It was so successful a further Glasgow Blingo is planned for 2024.

Financial review

The Charity recorded a deficit for the year of £194,646 (2022 - £78,498) on total income of £367,730 (2022 - £266,482). Income continues to be delivered through a mix of donations, volunteer and trustee organised fundraising events and the intention is for this successful mix to continue. In addition, increasing time is being spent to widen the donor base and to identify new funding sources. In particular, the charity is seeking to increase applications to trust funds and corporate partners.

The Trustees keep under review the level of freely available reserves to ensure the Charity’s continuation in future years.  The actual available reserves of the Charity are those funds not tied up in fixed assets and contingent liabilities. At the year end, the Charity held available reserves of £193,209 (2022 - £1,207,202).

It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to at least one year's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

While The Ripple Retreat included in the accounts at £1,258,609 as at 31 March 2023, the building and original donated land cannot be sold.

Trusts and Foundations

Our Trusts and Funds Manager has applied for funding throughout the year and identified new opportunities for support from companies. We are grateful for all grants received during this financial year. Any restricted funding received is noted in the accounts.

Risk Assessment

The trustees are satisfied that there are systems are in place to mitigate risk. This includes an organisational risk register, H&S and Fire risk assessments, volunteer and event risk assessments.

Plans for future periods

We will continue to work closely with the psychology teams, nursing staff and social work teams to find additional ways to support young cancer patients and their families.

We will continue to offer short breaks at the Ripple Retreat for families of young cancer patients, at no cost to themselves.

Our focus will continue to be on the mental and physical wellbeing of the family as a whole.

Our partnerships with Edinburgh, Glasgow, and Aberdeen hospitals continue to thrive. The team will continue to work closely with nursing staff and social work teams to identify new and ad hoc ways for us to support young cancer patients.

IT'S GOOD 2 GIVE!
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 4 -

We are in discussion with a company to provide and install a Volunteer Pod in the grounds of the retreat during 2022.

We look forward to celebrating the retreat’s 5th birthday in May 2022.

Our partnerships with Edinburgh, Glasgow, and Aberdeen hospitals continue to thrive. The team will continue to work closely with nursing staff and social work teams to identify new and ad hoc ways for us to support young cancer patients.

Structure, governance and management

The charity is a company limited by guarantee.

 

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

 

Lynne McNicoll OBE        (resigned Chair 17 July 2023)

Fiona Bruce

Rosemary Calder

Professor Paul Chapman

Louise Caithness        (appointed Chair 17 July 2023)

Tabitha Lawson

Professor Donna-Jean O'Boyle

Donald Robertson

Dr David Rowney        (appointed 4 October 2022)

 

Secretary             Thomas Spiers

 

Charity Number (Scotland)    SC041416

 

Company Number         SC376977

 

Registered Office        Ripple Retreat

Invertrossachs Road

Callander

FK17 8HG

 

Auditor                Thomson Cooper Accountants

22 Stafford Street

Edinburgh

EH3 7BD

 

Recruitment and Appointment of Trustees

The inaugural appointment of trustees was achieved through personal recommendations. The skills of the appointees cover a wide spectrum and include banking, marketing, health care, business, project management, law and fundraising gained from experience in the public, private and voluntary sectors.

 

The strategic direction of the charity is determined by the board of trustees which meets four times a year. The charity does not employ any staff. Day to day management is exercised through individual trustees who have delegated authority and report through the director who has Fundraising responsibility. The trustees accepted their appointments in the knowledge that their participation excluded remuneration or personal expenses.

IT'S GOOD 2 GIVE!
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 5 -

Patrons

Grant Stott

Lorraine Kelly

Peter Capaldi

Cathy Cassidy

Tony Kettle

Lynsey Sharp

Tonya Macari

Professor Angela Thomas OBE

Gavin Hastings OBE

Alfie Boe OBE

 

Administration

Lynne McNicoll OBE - Co-Founder

Carla Kerr - Administration support

Jane Lothian - Volunteer Manager and Young Ambassador support

Sarah Penny - Administration support for Volunteers, Ripple Retreat, and Events

Angela Preston - Trusts and Funding, Strategic Support

Michelle Markham – Administration support

Susan Milligan – Ripple Retreat Manager

Gillian Baldwin – Ripple Retreat Maintenance

 

Volunteers

100

Partnerships

We have longstanding partnerships with Timberbush tours, ArtFe, Zest Skin Spa, KDMedia, Media Zoo Scotland.

 

Ongoing partnerships include Fusion Meetings and Events, Pertemps, Dine Restaurant, George Watson’s College and Edinburgh Rugby.

 

We have a new partner in Tangram, Edinburgh.

 

Our partnership with the Scottish Home, Property and Legal Awards through KDMedia continues and provides incredible opportunities for networking and fundraising.

 

All our partnerships provide us with different benefits. Some are financial, some support us with their time or skills or products that we can use as prizes at events.

We look forward to another year of partnering with them.

IT'S GOOD 2 GIVE!
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 6 -
Statement of trustees' responsibilities

The trustees, who are also the directors of It's Good 2 Give! for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

 

Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

 

In preparing these financial statements, the trustees are required to:

 

- select suitable accounting policies and then apply them consistently;

 

- observe the methods and principles in the Charities SORP;

 

- make judgements and estimates that are reasonable and prudent;

 

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

 

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and 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.

Auditor

In accordance with the company's articles, a resolution proposing that Thomson Cooper be reappointed as auditor of the company will be put at a General Meeting.

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The trustees' report was approved by the Board of Trustees.

L Caithness
Trustee
7 August 2023
IT'S GOOD 2 GIVE!
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF IT'S GOOD 2 GIVE!
- 7 -

Opinion

We have audited the financial statements of It's Good 2 Give! (the ‘charity’) for the year ended 31 March 2023 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

-

give a true and fair view of the state of the charitable company's affairs as at 31 March 2023 and of its incoming resources and application of resources, for the year then ended;

-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-

have been prepared in accordance with the requirements of the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006 (as amended).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

 

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

 

We have nothing to report in this regard.

IT'S GOOD 2 GIVE!
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF IT'S GOOD 2 GIVE!
- 8 -
Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities Accounts (Scotland) Regulations 2006 (as amended) require us to report to you if, in our opinion:

-

the information given in the financial statements is inconsistent in any material respect with the trustees' report; or

-

proper accounting records have not been kept; or

-

the financial statements are not in agreement with the accounting records; or

-

we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Extent to which the audit was capable of detecting irregularities, including fraud

We considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following areas: existence and timing of recognition of income, posting of unusual journals along with complex transactions and non-compliance with laws and regulations. We discussed these risks with management, designed audit procedures to test the timing and existence of revenue and tested a sample of journals to confirm they were appropriate. In addition, we reviewed areas of judgement for indicators of management bias to address these risks

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our sector experience through discussion with the officers and other management (as required by the auditing standards

We reviewed the laws and regulations in areas that directly affect the financial statements including applicable charity and company law and considered the extent of compliance with those laws and regulations as part of our procedures on the related financial statement items.

With the exception of any known or possible non-compliance with relevant and significant laws and regulations, and as required by the auditing standards, our work in respect of these was limited to enquiry of the officers and management of the charity.

We communicated identified laws and regulations and potential fraud risks throughout our team and remained alert to any indications of non-compliance or fraud throughout the audit. However the primary responsibility for the prevention and detection of fraud rests with the trustees.

IT'S GOOD 2 GIVE!
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF IT'S GOOD 2 GIVE!
- 9 -

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

 

These inherent limitations are particularly significant in the case of misstatement resulting from fraud as this may involve sophisticated schemes designed to avoid detection, including deliberate failure to record transactions, collusion or the provision of intentional misrepresentations.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Fiona Haro (Senior Statutory Auditor)
for and on behalf of Thomson Cooper, Statutory Auditor
Edinburgh
8 August 2023

Thomson Cooper is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

IT'S GOOD 2 GIVE!
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
- 10 -
Current financial year
Unrestricted
Unrestricted
Restricted
Total
Total
funds
funds
funds
general

designated

2023
2023
2023
2023
2022
Notes
£
£
£
£
£
Income from:
Donations and legacies
2
189,339
-
30,114
219,453
127,088

Charitable activities

3
132,734
-
-
132,734
132,107
Other trading activities
4
3,785
-
-
3,785
6,571
Investments
5
11,758
-
-
11,758
716
Total income
337,616
-
30,114
367,730
266,482
Expenditure on:
Raising funds
6
57,660
-
-
57,660
12,363
Charitable activities
7
356,944
117,658
30,114
504,716
332,617
Total expenditure
414,604
117,658
30,114
562,376
344,980
Net expenditure for the year/
Net movement in funds
(996,519)
801,873
-
(194,646)
(78,498)
Net outgoing resources before transfers
(76,988)
(117,658)
-
(194,646)
(78,498)
Gross transfers between funds
(919,531)
919,531
-
-
-
Net expenditure for the year/
Net movement in funds
(996,519)
801,873
-
(194,646)
(78,498)
Fund balances at 1 April 2022
2,491,855
-
-
2,491,855
2,570,353
Fund balances at 31 March 2023
1,495,336
801,873
-
2,297,209
2,491,855

The statement of financial activities includes all gains and losses recognised in the year.

In the preceding year all amounts related to unrestricted funds.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
IT'S GOOD 2 GIVE!
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
- 11 -
Prior financial year
Unrestricted
Restricted
Total
funds
funds
2022
2022
2022
Notes
£
£
£
Income from:
Donations and legacies
2
105,788
21,300
127,088

Charitable activities

3
132,107
-
132,107
Other trading activities
4
6,571
-
6,571
Investments
5
716
-
716
Total income
245,182
21,300
266,482
Expenditure on:
Raising funds
6
12,363
-
12,363
Charitable activities
7
311,317
21,300
332,617
Total expenditure
323,680
21,300
344,980
Net outgoing resources before transfers
(78,498)
-
(78,498)
Net expenditure for the year/
Net movement in funds
(78,498)
-
(78,498)
Fund balances at 1 April 2021
2,570,353
-
2,570,353
Fund balances at 31 March 2022
2,491,855
-
2,491,855
IT'S GOOD 2 GIVE!
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 12 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
11
1,302,127
1,284,653
Current assets
Stocks
12
4,468
4,299
Debtors
13
37,761
30,380
Cash at bank and in hand
1,061,128
1,245,322
1,103,357
1,280,001
Creditors: amounts falling due within one year
14
(108,275)
(72,799)
Net current assets
995,082
1,207,202
Total assets less current liabilities
2,297,209
2,491,855
Income funds
Unrestricted funds
Designated funds
18
801,873
-
General unrestricted funds
1,495,336
2,491,855
2,297,209
2,491,855
2,297,209
2,491,855

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2023, although an audit has been carried out under section 144 of the Charities Act 2011.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 7 August 2023
L Caithness
Trustee
Company registration number SC376977
IT'S GOOD 2 GIVE!
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2023
- 13 -
2023
2022
Notes
£
£
£
£
Cash flows from operating activities
Cash (absorbed by)/generated from operations
21
(60,819)
47,979
Investing activities
Purchase of tangible fixed assets
(135,133)
(13,666)
Investment income received
11,758
716
Net cash used in investing activities
(123,375)
(12,950)
Net cash used in financing activities
-
-
Net (decrease)/increase in cash and cash equivalents
(184,194)
35,029
Cash and cash equivalents at beginning of year
1,245,322
1,210,293
Cash and cash equivalents at end of year
1,061,128
1,245,322
IT'S GOOD 2 GIVE!
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 14 -
1
Accounting policies
Charity information

It's Good 2 Give! is a private company limited by guarantee incorporated in Scotland. The registered office is Ripple Retreat, Invertrossachs Road, Callander, FK17 8HG.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.The trustees have considered a period of 12 months from the date of approval of the financial statements.

 

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
IT'S GOOD 2 GIVE!
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 15 -
1.5
Expenditure

Expenditure is recognised when a liability is incurred.

 

Charitable costs included those incurred in the furtherance of the charity's objectives.

 

Governance costs include those incurred in governance of the charity and its assets and are primarily associated with constitutional and statutory requirements.

 

Support costs included central functions and have been allocated to the charitable activity on a basis consistent with their use.

 

Volunteers play an important part in the operations of the charity. However, as there is no reliable way of measuring the value of the contribution of volunteers in financial terms, no value has been assigned to these contributions in the financial statements.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land & Buildings
over 20 years
Fixtures and fittings
25% straight line
Motor vehicles
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.9
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

IT'S GOOD 2 GIVE!
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 16 -
1.10
Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11
Leases

Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease.

IT'S GOOD 2 GIVE!
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 17 -
2
Donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
general
general
2023
2023
2023
2022
2022
2022
£
£
£
£
£
£
Donations and gifts
166,339
-
166,339
105,788
-
105,788

Grants Received

23,000
30,114
53,114
-
21,300
21,300
189,339
30,114
219,453
105,788
21,300
127,088
Grants receivable for core activities
Turcan Connell/ Hugh Fraser
-
3,000
3,000
-
2,000
2,000
National Lottery Community Fund
-
-
-
-
10,000
10,000
Morrisions Foundation
-
-
-
-
6,300
6,300
Royal Caledonian Ball
-
-
-
-
3,000
3,000
Capricorn Energy PLC
20,000
-
20,000
-
-
-
Unum European Holding Company Limited
-
5,000
5,000
-
-
-
The Tides Foundation
-
17,114
17,114
-
-
-
The Neighbourly Foundation
-
5,000
5,000
-
-
-
The Wood Foundation
3,000
-
3,000
-
-
-
23,000
30,114
53,114
-
21,300
21,300
3

Charitable activities

Total
Total
2023
2022
£
£

Fundraising Charitable Activities

132,734
132,107
4
Other trading activities
Total
Total
2023
2022
£
£

Merchandise

3,785
6,571
IT'S GOOD 2 GIVE!
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 18 -
5
Investments
Unrestricted
Unrestricted
Total
Total
general
general
2023
2022
£
£
Interest receivable
11,758
716
6
Raising funds
Unrestricted
Unrestricted
Total
Total
general
general
2023
2022
£
£
Fundraising and publicity
Staging fundraising events
55,193
8,716
Trading costs
Other trading activities
2,467
3,647
57,660
12,363
IT'S GOOD 2 GIVE!
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 19 -
7
Charitable activities
For the year ended 31 March 2023

Hospital Support

Ripple Retreat

Other charitable activities

Psychology Posts

Total
2023
2023
2023
2023
2023
£
£
£
£
£
Depreciation and impairment
-
117,659
-
-
117,659

Hospital Support

40,109
-
-
-
40,109

Postage and stationery

-
3,181
-
-
3,181

Telephone and IT Costs

-
3,459
-
-
3,459

Travel expenses

-
10,186
-
-
10,186

Consultancy fees

-
102,572
-
-
102,572

Bank charges

-
2,280
-
-
2,280

Retreat

-
89,406
-
-
89,406

Donations

-
-
1,781
-
1,781

Insurance

-
9,372
-
-
9,372

Miscellaneous

-
513
-
-
513

Psychology Posts Payments

-
-
-
117,658
117,658
40,109
338,628
1,781
117,658
498,176
Share of governance costs (see note 8)
687
5,827
26
-
6,540
40,796
344,455
1,807
117,658
504,716
For the year ended 31 March 2023
Unrestricted funds - general
37,796
317,341
1,807
-
356,944
Unrestricted funds - designated
-
-
-
117,658
117,658
Restricted funds
3,000
27,114
-
-
30,114
40,796
344,455
1,807
117,658
504,716
IT'S GOOD 2 GIVE!
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
7
Charitable activities
(Continued)
- 20 -
For the year ended 31 March 2022

Hospital Support

Ripple Retreat

Other charitable activities

Psychology Posts

Total
2022
2022
2022
2022
2022
£
£
£
£
£
Depreciation and impairment
-
127,967
-
-
127,967

Hospital Support

30,855
-
-
-
30,855

Postage and stationery

-
4,984
-
-
4,984

Telephone and IT Costs

-
7,641
-
-
7,641

Travel expenses

-
6,102
-
-
6,102

Consultancy fees

-
76,708
-
-
76,708

Bank charges

-
1,206
-
-
1,206

Retreat

-
54,631
-
-
54,631

Donations

-
-
6,425
-
6,425

Insurance

-
8,173
-
-
8,173

Miscellaneous

-
2,225
-
-
2,225
30,855
289,637
6,425
-
326,917
Share of governance costs (see note 8)
538
5,050
112
-
5,700
31,393
294,687
6,537
-
332,617
For the year ended 31 March 2022
Unrestricted funds - general
25,093
279,687
6,537
-
311,317
Restricted funds
6,300
15,000
-
-
21,300
31,393
294,687
6,537
-
332,617
8
Support costs
Support costs
Governance costs
2023
Support costs
Governance costs
2022
£
£
£
£
£
£
Audit fees
-
6,540
6,540
-
5,700
5,700
-
6,540
6,540
-
5,700
5,700

Governance costs include audit fees of £6,540 (2022: £5,700).

9
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
IT'S GOOD 2 GIVE!
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 21 -
10
Employees

The average monthly number of employees during the year was:

2023
2022
Number
Number
Total
-
0
-
0
There were no employees whose annual remuneration was more than £60,000.
11
Tangible fixed assets
Land & Buildings
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2022
1,554,864
231,330
33,524
1,819,718
Additions
91,171
43,962
-
135,133
At 31 March 2023
1,646,035
275,292
33,524
1,954,851
Depreciation and impairment
At 1 April 2022
310,250
191,291
33,524
535,065
Depreciation charged in the year
77,176
40,483
-
117,659
At 31 March 2023
387,426
231,774
33,524
652,724
Carrying amount
At 31 March 2023
1,258,609
43,518
-
1,302,127
At 31 March 2022
1,244,614
40,039
-
1,284,653

 

In 2016, construction began on the Ripple Retreat. The land which the Ripple Retreat sits on was donated to the charity for the specific purpose of building the Ripple Retreat. Due to the location of the land, it is not economical for the charity to obtain a valuation. Therefore, the land is not shown in the Fixed Assets note above.

 

In 2023, a further section of land was purchased by the charity for £65,000 on 9 January 2023 which is included as additions within the Land and Buildings addition.

12
Stocks
2023
2022
£
£
Fundraising goods for resale
4,468
4,299
IT'S GOOD 2 GIVE!
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 22 -
13
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
37,761
30,380
14
Creditors: amounts falling due within one year
2023
2022
Notes
£
£
Deferred income
15
51,637
59,706
Other creditors
2,837
7,393
Accruals
53,801
5,700
108,275
72,799
15
Deferred income
2023
2022
£
£
Arising from Deferred Income
51,637
59,706

Deferred income relates to income for events that will occur after 31 March 2023.

 

IT'S GOOD 2 GIVE!
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 23 -
16
Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
Movement in funds
Balance at
1 April 2022
Incoming resources
Resources expended
Balance at
31 March 2023
£
£
£
£
Unum European Holding Company Limited
-
5,000
(5,000)
-
The Tides Foundation
-
17,114
(17,114)
-
Turcan Connell/ Hugh Fraser - Vouchers
-
3,000
(3,000)
-
The Neighbourly Foundation
-
5,000
(5,000)
-
-
30,114
(30,114)
-
Movement in funds
Balance at
1 April 2021
Incoming resources
Resources expended
Balance at
1 April 2022
£
£
£
£
Turcan Connell/ Hugh Fraser - Glasgow
-
2,000
(2,000)
-
National Lottery Community Fund
-
10,000
(10,000)
-
The Morrisons Foundation
-
6,300
(6,300)
-
The Royal Caledonian Charities Trust
-
3,000
(3,000)
-
-
21,300
(21,300)
-

 

Turcan Connell/Hugh Fraser - Glasgow - Project to support Glasgow families

 

National Lottery Community Fund - For Supporting our Valunteers and Young Ambassadors to help the community thrive.

 

Morrison's Foundation - For End of Treatment Packs Project.

 

The Royal Caledonian Charities Trust - For the support of the Ripple Retreat.

 

Unum European Holding Company Limited - For the purpose of funding the parent & child days & Mum's days.

 

The Tides Foundation - For the purpose to cover the Ripple Retreat Manager Costs

 

Turcan Connell/Hugh Fraser - Vouchers - To purchase vouchers for families staying at the Ripple Retreat

 

The Neighbourly Foundation - Funding for the purpose of painting the Ripple Retreat

IT'S GOOD 2 GIVE!
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 24 -
17
Unrestricted funds

These are unrestricted funds which are material to the charity's activities made up as follows:

For the Year Ended 31 March 2023
Movement in funds
Balance at
1 April 2022

Incoming resources

Resources expended

Transfers

Balance at
31 March 2023
£
£
£
£
£
General Fund
2,491,855
337,616
(414,604)
(919,531)
1,495,336
For the Year Ended 31 March 2022
Movement in funds
Balance at
1 April 2021

Incoming resources

Resources expended

Transfers

Balance at
31 March 2022
£
£
£
£
£
General Fund
2,570,353
245,182
(323,680)
-
2,491,855
18
Designated funds
The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:
Movement in funds
Incoming resources
Balance at
1 April 2022
Resources expended
Transfers
Balance at
31 March 2023
£
£
£
£
£
Psychology Posts
-
-
(117,658)
919,531
801,873
-
-
(117,658)
919,531
801,873

During the year, the charity entered into a Service Level Agreement for 5 years with the NHS to fund 3 psychologists posts (a Clinical Psychologist, an assistant Psychologist and a Business Support Administrator) in Glasgow and 2 psychologists posts (a Clinical Psychologist and an assistant Psychologist) in Edinburgh. The total cost of this over the 5 years is £919,531.

 

These posts are to provide and develop a specialist psychology service within the Paediatric Haematology/ Oncology Service within the hospitals.

IT'S GOOD 2 GIVE!
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 25 -
19
Analysis of net assets between funds
Unrestricted funds
Designated funds
Restricted funds
Total
2023
2023
2023
2023
£
£
£
£
Fund balances at 31 March 2023 are represented by:
Tangible assets
1,302,127
-
-
1,302,127
Current assets/(liabilities)
193,209
801,873
-
995,082
1,495,336
801,873
-
2,297,209
Unrestricted funds
Designated funds
Restricted funds
Total
2022
2022
2022
2022
£
£
£
£
Fund balances at 31 March 2022 are represented by:
Tangible assets
1,284,653
-
-
1,284,653
Current assets/(liabilities)
1,207,202
-
-
1,207,202
2,491,855
-
-
2,491,855
20
Related party transactions

During the financial year a payments totalling £334 (2022 - £nil) was made to L McNicoll in respect of reimbursement for expenses paid.

21
Cash generated from operations
2023
2022
£
£
Deficit for the year
(194,646)
(78,498)
Adjustments for:
Investment income recognised in statement of financial activities
(11,758)
(716)
Depreciation and impairment of tangible fixed assets
117,659
127,967
Movements in working capital:
(Increase)/decrease in stocks
(169)
2,016
(Increase) in debtors
(7,381)
(16,632)
Increase in creditors
43,545
4,195
(Decrease)/increase in deferred income
(8,069)
9,647
Cash (absorbed by)/generated from operations
(60,819)
47,979
22
Analysis of changes in net funds

The charity had no debt during the year.

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