Charity registration number SC041416 (Scotland)
Company registration number SC376977 (Scotland)
IT'S GOOD 2 GIVE!
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
IT'S GOOD 2 GIVE!
CONTENTS
Page
Chair's Statement
1
Trustees' report
2 - 6
Independent examiner's report
7
Statement of financial activities
8 - 9
Balance sheet
10
Notes to the financial statements
11 - 22
IT'S GOOD 2 GIVE!
CHAIR'S STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024
- 1 -

Despite the financial challenges that the charity sector is facing due to the ongoing cost of living and increases in charity running costs, we have had another very successful year at It’s Good 2 Give. Our mission to provide practical, emotional and mental health support has been our priority over the past year and I am pleased to report that we have made a huge impact in the lives of many of the young cancer patients and their families that we are privileged to support.

 

In 2022, we committed to fund the positions of 4 psychologists in Scotland - 2 at the Glasgow Children’s Hospital and 2 at The Royal Hospital for Children and Young People in Edinburgh. During the past year, this provision has proven to be a very welcome and vital addition to support young people and their families during their cancer journey. Our commitment has not stopped at funding the roles we have also provided funding for training and resources for the team, such as sleep kits as they recognise the importance of good sleep and mental well-being. We are pleased to be able to provide ad hoc funding should there be a further need for additional resources to support these roles.

 

During this financial year we were able to welcome 32 families to the Ripple Retreat. The feedback that we receive from families is so positive and instils the need for us to continue to fundraise so that we can provide short stays for families at no cost to them in the future. The retreat does now require regular maintenance to ensure it meets the minimum standard for health and safety but also so we can ensure a visit for families that exceeds their expectations in terms of comfort and practicality.

 

Below is just some of the feedback we receive from families after their visit:

 

“The Ripple Retreat is the gold at the end of the rainbow; it is magical”

 

“This was the break that our family needed, we will be forever grateful for this amazing experience”

 

“Had the best time having fun on the flying fox and the swing and all of the other things to do both in the house and garden. We leave here feeling rested and loved - thank you”

 

We are extremely grateful to the various trusts and foundations who have supported us throughout the year. Grants and significant donations were awarded from The Elizabeth Frankland Foundation, Foundation Scotland, Turcan Connell, The Hugh Fraser Foundation, Tides Foundation, Lodge Ben Ledi Rotary, STV Appeal, Unum, Caron Keating Foundation and Patrick Mulholland Trust.

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. Additionally, our partnership with Edinburgh Rugby has proven to be hugely beneficial in both raising awareness and funds. We are thankful to the volunteer families, the Markhams and the Mackenzies, who have established and nurtured this relationship.

 

I would like to take this opportunity to extend both my and fellow trustee’s deepest appreciation to our co-founder, Lynne, who has recently retired from her role.  Lynne and Ian's vision and passion have been the driving force behind the success of Its Good 2 Give since the start and we will be forever grateful for their commitment and tireless efforts.  We would like to wish Lynne, Ian and dog Louie as much happiness in the future that she has brought to the Charity over the years.

 

I am delighted that we are able to continue to support families during the toughest of journeys. 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.

Louise Caithness
Chair
Date: 26 August 2024
IT'S GOOD 2 GIVE!
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -

The trustees present their annual report and financial statements for the year ended 31 March 2024.

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 Memorandum and Articles of Association, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), the Companies Act 2006 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) (effective 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

This year at Ripple Retreat, we provided families facing childhood cancer with much-needed respite from the challenges of their journeys. Excluding our brief maintenance closure in January and February, the Retreat remained a haven for families seeking solace and connection amidst the storm.

 

The impact of Ripple Retreat is evident in the heartfelt responses we receive from families. Prior to arrival, families participate in a video call to answer questions and receive a warm welcome. Upon arrival, our amazing volunteers greet each family and provide a personalised tour, ensuring a comfortable and informed start to their stay.

 

We are fortunate to maintain strong relationships with local businesses in Callander. Thanks to their generosity, families can enjoy complimentary experiences like ziplining at Go Ape, exploring Blair Drummond Safari Park, sailing with the Loch Venachar Sailing Club, cycling with Wheels Cycle Hire, and putting their skills to the test at Callander mini golf. Additionally, with the ongoing support of the Hugh Fraser Foundation, we continue to provide each family with a £100 supermarket voucher to help with essential expenses during their stay.

Volunteers

Volunteers are the lifeblood of Ripple Retreat. From welcoming families with open arms to tending the beautiful gardens and supporting our fundraising events, their dedication is invaluable. This year, our incredible volunteers donated an impressive 5,250 hours to It's Good 2 Give. We express our deepest gratitude to each and every one of them.

Fundraising Events

 

This year marked the final Blingo and Ball events organised by our co-founder Lynne. This was a resounding success, raising significant funds and awareness. We were also thrilled with the Glasgow Blingo event organised by Trustee Rosemary and Volunteer Kirsty Fazzi. Our Young Ambassadors, led by our Volunteer Managers, also hosted a successful Spring Lunch. A heartfelt thank you goes to our Founding Patrons, Grant Stott and Tonya Macari, for generously hosting many of these events.

IT'S GOOD 2 GIVE!
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 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.

Financial review

 

The Charity recorded a deficit for the year of £185,451 (2023 - £194,646) on total income of £493,083 (2023 - £367,730). 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 has being spent to widen the donor base and to identify new funding sources.

At the year end the Charity held unrestricted reserves of £2,111,758 (2023 - £2,297,209).

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 is valued at £1,196,230 as at 31 March 2024, it 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 2024
- 4 -
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 1 July 2024)

Fiona Bruce

Rosemary Calder

Professor Paul Chapman        (resigned 15 November 2023

Louise Caithness        (appointed Chair 17 July 2023)

Tabitha Lawson

Professor Donna-Jean O'Boyle     (resigned 29 July 2024)

Donald Robertson

Dr David Rowney        (resigned 22 August 2023)

Marlyn Minto            (appointed 12 March 2024)

 

Secretary             Thomas Speirs

 

Charity Number (Scotland)    SC041416

 

Company Number         SC376977

 

Registered Office        Ripple Retreat

Invertrossachs Road

Callander

FK17 8HG

 

Independent Examiner        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.

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 strategic direction of the charity is determined by the board of trustees which meets three to 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 2024
- 5 -

Patrons

Grant Stott

Lorraine Kelly CBE

Tonya Macari

Professor Angela Thomas OBE

Gavin Hastings 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

75

Partnerships

 

We have longstanding and ongoing partnerships with Timberbush Tours, ArtFe, Zest Skin Spa, KDMedia, Tangram, Fusion Meetings and Events, Dine Restaurant, George Watson’s College, Edinburgh Rugby and Balanced Physiotherapy.

 

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 2024
- 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; 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.

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

L Caithness
Trustee
26 August 2024
IT'S GOOD 2 GIVE!
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF IT'S GOOD 2 GIVE!
- 7 -

I report on the financial statements of the charity for the year ended 31 March 2024, which are set out on pages 8 to 22.

Respective responsibilities of trustees and examiner

The charity’s trustees, who are also the directors of It's Good 2 Give! for the purposes of company law, are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investments (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the financial statements as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the financial statements.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(a)
which gives me reasonable cause to believe that in any material respect the requirements:
(i)

to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and

(ii)

to prepare financial statements which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations;

have not been met or
(b)

to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

Fiona Haro CA
Thomson Cooper
3 Castle Court
Carnegie Campus
Dunfermline
Fife
KY11 8PB
Dated: 26 August 2024
IT'S GOOD 2 GIVE!
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
- 8 -
Current financial year
Unrestricted
Unrestricted
Restricted
Total
Total
funds
funds
funds
general

designated

2024
2024
2024
2024
2023
Notes
£
£
£
£
£
Income from:
Donations and legacies
2
131,141
-
15,020
146,161
219,453

Charitable activities

3
323,210
-
-
323,210
132,734
Other trading activities
4
5,994
-
-
5,994
3,785
Investments
5
17,718
-
-
17,718
11,758
Total income
478,063
-
15,020
493,083
367,730
Expenditure on:
Raising funds
6
95,023
-
-
95,023
57,660
Charitable activities
7
389,350
179,141
15,020
583,511
504,716
Total expenditure
484,373
179,141
15,020
678,534
562,376
Net expenditure for the year/
Net movement in funds
(6,310)
(179,141)
-
(185,451)
(194,646)
Net expenditure for the year/
Net movement in funds
(6,310)
(179,141)
-
(185,451)
(194,646)
Fund balances at 1 April 2023
1,495,336
801,873
-
2,297,209
2,491,855
Fund balances at 31 March 2024
1,489,026
622,732
-
2,111,758
2,297,209

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 2024
- 9 -
Prior financial year
Unrestricted
Unrestricted
Restricted
Total
funds
funds
funds
general

designated

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

Charitable activities

3
132,734
-
-
132,734
Other trading activities
4
3,785
-
-
3,785
Investments
5
11,758
-
-
11,758
Total income
337,616
-
30,114
367,730
Expenditure on:
Raising funds
6
57,660
-
-
57,660
Charitable activities
7
356,944
117,658
30,114
504,716
Total expenditure
414,604
117,658
30,114
562,376
Gross transfers between funds
(919,531)
919,531
-
-
Net expenditure for the year/
Net movement in funds
(996,519)
801,873
-
(194,646)
Fund balances at 1 April 2022
2,491,855
-
-
2,491,855
Fund balances at 31 March 2023
1,495,336
801,873
-
2,297,209
IT'S GOOD 2 GIVE!
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 10 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
11
1,223,631
1,302,127
Current assets
Stocks
12
2,797
4,468
Debtors
13
2,141
37,761
Cash at bank and in hand
926,977
1,061,128
931,915
1,103,357
Creditors: amounts falling due within one year
14
(43,788)
(108,275)
Net current assets
888,127
995,082
Total assets less current liabilities
2,111,758
2,297,209
Income funds
Unrestricted funds
Designated funds
18
622,732
801,873
General unrestricted funds
1,489,026
1,495,336
2,111,758
2,297,209
2,111,758
2,297,209

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 2024.

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 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 26 August 2024
L Caithness
Trustee
Company registration number SC376977
IT'S GOOD 2 GIVE!
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 11 -
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 Memorandum and Articles of Association , the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), the Companies Act 2006, 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 charity is a Public Benefit Entity as defined by FRS 102.

 

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

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 2024
1
Accounting policies
(Continued)
- 12 -
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 2024
1
Accounting policies
(Continued)
- 13 -
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 2024
- 14 -
2
Donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
general
general
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Donations and gifts
124,141
-
124,141
166,339
-
166,339

Grants Received

7,000
15,020
22,020
23,000
30,114
53,114
131,141
15,020
146,161
189,339
30,114
219,453
Grants receivable for core activities
Turcan Connell
-
3,000
3,000
-
3,000
3,000
Foundation Scotland
2,000
-
2,000
-
-
-
STV Appeal
1,000
-
1,000
-
-
-
Caron Keating Foundation
3,000
-
3,000
-
-
-
Capricorn Energy PLC
-
-
-
20,000
-
20,000
Unum European Holding Company Limited
-
4,000
4,000
-
5,000
5,000
The Tides Foundation
-
8,020
8,020
-
17,114
17,114
The Neighbourly Foundation
-
-
-
-
5,000
5,000
The Wood Foundation
-
-
-
3,000
-
3,000
Groundwork UK
1,000
-
1,000
-
-
-
7,000
15,020
22,020
23,000
30,114
53,114
3

Charitable activities

Total
Total
2024
2023
£
£

Fundraising Charitable Activities

323,210
132,734
4
Other trading activities
Total
Total
2024
2023
£
£

Merchandise

5,994
3,785
IT'S GOOD 2 GIVE!
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 15 -
5
Investments
Unrestricted
Unrestricted
Total
Total
general
general
2024
2023
£
£
Interest receivable
17,718
11,758
6
Raising funds
Unrestricted
Unrestricted
Total
Total
general
general
2024
2023
£
£
Fundraising and publicity
Staging fundraising events
91,767
55,193
Trading costs
Other trading activities
3,256
2,467
95,023
57,660
IT'S GOOD 2 GIVE!
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 16 -
7
Charitable activities
For the year ended 31 March 2024

Hospital Support

Ripple Retreat

Other charitable activities

Psychology Posts

Total
2024
2024
2024
2024
2024
£
£
£
£
£
Depreciation and impairment
-
101,844
-
-
101,844

Hospital Support

24,273
-
-
-
24,273

Postage and stationery

-
5,560
-
-
5,560

Telephone and IT Costs

-
4,407
-
-
4,407

Travel expenses

-
13,189
-
-
13,189

Consultancy fees

-
135,923
-
-
135,923

Bank charges

-
2,977
-
-
2,977

Retreat

-
84,870
-
-
84,870

Donations

-
-
17,806
-
17,806

Insurance

-
8,960
-
-
8,960

Miscellaneous

-
1,561
-
-
1,561

Psychology Posts Payments

-
-
-
179,141
179,141
24,273
359,291
17,806
179,141
580,511
Share of governance costs (see note 8)
315
2,673
12
-
3,000
24,588
361,964
17,818
179,141
583,511
Unrestricted funds - general
20,588
350,944
17,818
-
389,350
Unrestricted funds - designated
-
-
-
179,141
179,141
Restricted funds
4,000
11,020
-
-
15,020
24,588
361,964
17,818
179,141
583,511
IT'S GOOD 2 GIVE!
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
7
Charitable activities
(Continued)
- 17 -
For the year ended 31 March 2023

Hospital Support

Ripple Retreat

Other charitable activities

Psychology Posts

Total
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
Analysis by fund
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
8
Support costs
Support costs
Governance costs
2024
Support costs
Governance costs
2023
£
£
£
£
£
£
Audit fees
-
-
-
-
6,540
6,540

Independent Exam Fee

-
3,000
3,000
-
-
-
-
3,000
3,000
-
6,540
6,540

Governance costs include audit fees of £nil (2023: £6,540).

IT'S GOOD 2 GIVE!
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 18 -
9
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
10
Employees

The average monthly number of employees during the year was:

2024
2023
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 2023
1,646,035
275,292
33,524
1,954,851
Additions
17,550
5,798
-
23,348
At 31 March 2024
1,663,585
281,090
33,524
1,978,199
Depreciation and impairment
At 1 April 2023
387,426
231,774
33,524
652,724
Depreciation charged in the year
79,929
21,915
-
101,844
At 31 March 2024
467,355
253,689
33,524
754,568
Carrying amount
At 31 March 2024
1,196,230
27,401
-
1,223,631
At 31 March 2023
1,258,609
43,518
-
1,302,127

 

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.

12
Stocks
2024
2023
£
£
Fundraising goods for resale
2,797
4,468
IT'S GOOD 2 GIVE!
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 19 -
13
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
2,141
37,761
14
Creditors: amounts falling due within one year
2024
2023
Notes
£
£
Deferred income
15
12,138
51,637
Other creditors
1,773
2,837
Accruals
29,877
53,801
43,788
108,275
15
Deferred income
2024
2023
£
£
Arising from Deferred Income
12,138
51,637

Deferred income relates to income for events that will occur after 31 March 2024.

 

IT'S GOOD 2 GIVE!
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 20 -
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
Movement in funds
Balance at
1 April 2022
Incoming resources
Resources expended
Transfers
Balance at
1 April 2023
Incoming resources
Resources expended
Balance at
31 March 2024
£
£
£
£
£
£
£
£
Unum European Holding Company Limited
-
5,000
(5,000)
-
-
4,000
(4,000)
-
The Tides Foundation
-
17,114
(17,114)
-
-
8,020
(8,020)
-
Turcan Connell/ Hugh Fraser - Vouchers
-
3,000
(3,000)
-
-
3,000
(3,000)
-
The Neighbourly Foundation
-
5,000
(5,000)
-
-
-
-
-
-
30,114
(30,114)
-
-
15,020
(15,020)
-

 

Turcan Connell - Glasgow - Project to support Glasgow families

 

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

 

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 2024
- 21 -
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 2024
Movement in funds
Balance at
1 April 2023

Incoming resources

Resources expended

Balance at
31 March 2024
£
£
£
£
General Fund
1,495,336
478,063
(484,373)
1,489,026
For the Year Ended 31 March 2023
Movement in funds
Balance at
1 April 2022

Incoming resources

Resources expended

Balance at
31 March 2023
£
£
£
£
General Fund
2,491,855
337,616
(414,604)
1,495,336
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:
Balance at
1 April 2022
Resources expended
Transfers
Balance at
1 April 2023
Resources expended
Balance at
31 March 2024
£
£
£
£
£
£
Psychology Posts
-
(117,658)
919,531
801,873
(179,141)
622,732
-
(117,658)
919,531
801,873
(179,141)
622,732

During 2023, 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 2024
- 22 -
19
Analysis of net assets between funds
Unrestricted funds
Designated funds
Restricted funds
Total
2024
2024
2024
2024
£
£
£
£
Fund balances at 31 March 2024 are represented by:
Tangible assets
1,223,631
-
-
1,223,631
Current assets/(liabilities)
265,395
622,732
-
888,127
1,489,026
622,732
-
2,111,758
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
20
Related party transactions

During the financial year a payments totalling £460 (2023 - £334) was made to L McNicoll in respect of reimbursement for expenses paid.

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