ACCOUNTS - Final Accounts preparation

Auditors' remuneration

During the year, the Company obtained the following services from the Company's auditors:

Registered number: 03979990

GIVING LIMITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

GIVING LIMITED

COMPANY INFORMATION

Directors	A W Boor
	J C Angerman


Company secretary	Corporation Service Company (UK) Limited


Registered number	03979990


Registered office	c/o Corporation Service Company (UK) Limited
	5 Churchill Place
	10th Floor
	London
	E14 5HU


Independent auditors	Ernst & Young
	Harcourt Centre
	Harcourt Street
	Dublin 2
	Ireland
	D02 YA40

GIVING LIMITED

CONTENTS

	Page
Directors' Report	1 - 3
Independent Auditors' Report	4 - 7
Statement of Comprehensive Income	8
Statement of Financial Position	9
Statement of Changes in Equity	10
Notes to the Financial Statements	11 - 19

GIVING LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

The Directors present their report and the financial statements for the year ended 31 December 2024.

Principal activity

Giving Limited (the "Company"), is a private limited company incorporated in the United Kingdom ("UK"), a directly wholly owned subsidiary of Blackbaud Global Limited (the "Parent"), and an indirectly wholly owned subsidiary of Blackbaud, Inc. ("Blackbaud" or "Ultimate Parent"), a company traded on the NASDAQ Exchange under the ticker symbol "BLKB". Blackbaud, Inc. is a leading global provider of a software built specifically for fundraising, nonprofit financial management, digital giving, grant making, corporate social responsibility and education management.
The Company is a holding company for Blackbaud Inc.’s UK subsidiary Giving.com Limited, trading as 'JustGiving', and its principal activities are to provide funding, as necessary, through contributions from the Parent.

Business review

The Company reported profit for the year, after taxation of £25,808,237 (2023 - £24,479,082). The Company paid £27,504,953 interim dividend in 2024 (2023 - £24,500,000). As of 31 December 2024, the Company had no employees. The Company had net assets of £704,856 (2023 - £2,401,572).

Dividends

Dividend received and paid in the year amounted to £27,504,953 (2023 - £24,500,000).

Directors

The Directors who served during the year were:

A W Boor

J C Angerman

Political donations

The Company made no political donations during the year (2023 - £Nil).

Going concern

The financial statements have been prepared on a going concern basis which the directors consider to be appropriate based on the Company’s profitability and net asset position. The Company has been profitable and the positive net assets of the Company means that the Company is in a position to continue its operations and meet its obligations as they become due. Blackbaud Inc. has provided a letter of support which provides a commitment of financial support for at least the next 12 months from the date of approval of the financial statements.

Principal risks and uncertainties

The principal risks and uncertainties relating to the Company and the industry in which it operates are consistent with those of Blackbaud, as disclosed in Blackbaud's Annual Report on Form 10-K for the fiscal year ended 31 December 2024, Item 1A. Risk Factors.

Page 1

GIVING LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

Qualifying third party indemnity provisions

A qualifying third-party indemnity provision as defined in section 236 of the Companies Act 2006 is in force for
the benefit of each of the directors in respect of liabilities incurred as a result of their office, to the extent
permitted by law. In respect of those liabilities for which directors may not be indemnified, a directors’ and
officers’ liability insurance policy was maintained by the Blackbaud Inc. Group throughout the financial year and
to the date of approval of the financial statements.

Post balance sheet events

The Company has performed an evaluation of subsequent events through the date the financial statements were issued. In July 2025, the company received an interim dividend of £20,000,000 from Giving.com Limited, and declared an interim dividend of £20,000,000 to Blackbaud Global Limited. In August 2025, Giving Limited applied for the allotment and issue of 5,645,472 ordinary shares of £0.10 in Giving.com Limited. There were no other material subsequent events that occurred between the balance sheet date and the date of signing of the financial statements, affecting the group, which require adjustment to or disclosure in the financial statements.

Disclosure of information to auditor

The directors have taken all the steps that they ought to have taken to make themselves aware of any information needed by the Company's auditors for the purposes of their audit and to establish that the auditors are aware of that information. The directors are not aware of any relevant audit information of which the auditors are unaware.

Other information

The Company has taken the small companies exemption in relation to the preparation of a strategic report.

Page 2

GIVING LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

Directors' responsibilities statement

The Directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the Directors to prepare financial statements for each financial year. Under that law, the Director has elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law, the Director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

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

∙select suitable accounting policies for the Company's financial statements and then apply them consistently;

∙make judgements and accounting 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;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the board and signed on its behalf.

A W Boor

Director

Date: 8 September 2025

Page 3

GIVING LIMITED

INDEPENDENT AUDITORS' REPORT TO THE INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF GIVING LIMITED OF GIVING LIMITED

Opinion

We have audited the financial statements of Giving Limited for the year ended 31 December 2024 which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes 1 to 19, including a summary of significant accounting policies.The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, FRS 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 Company's affairs as at 31 December 2024 and of its profit 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.

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 Company 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 directors' 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 company's ability to continue as a going concern for a period of 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. However, because not all future events or conditions can be predicted, this statement is not a guarantee as to the company’s ability to continue as a going concern.

Page 4

GIVING LIMITED

INDEPENDENT AUDITORS' REPORT TO THE INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF GIVING LIMITED OF GIVING LIMITED (CONTINUED)

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 directors are responsible for the other information contained within the Annual Report.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in this report, 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 the other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:

∙the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

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

∙certain disclosures of directors' remuneration specified by law are not made; or

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

∙the directors were not entitled to take advantage of the small companies' exemtpion in preparing the directors' report and from the requirements to prepare a strategic report.

Page 5

GIVING LIMITED

INDEPENDENT AUDITORS' REPORT TO THE INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF GIVING LIMITED OF GIVING LIMITED (CONTINUED)

Responsibilities of directors

As explained more fully in the Directors' Responsibilities Statement set out on page 3, the directors 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 directors 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 directors are responsible for assessing the company'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 directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

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.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect irregularities, including fraud. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management.

∙We obtained an understanding of the legal and regulatory frameworks that is applicable to the company and determined that the most significant is the Company’s Act 2006 in the United Kingdom.

∙We understood how Giving Limited is complying with those frameworks by making inquiries of key management, and those responsible for legal and compliance matters. We also reviewed the Shareholder Resolutions of the Board and gained an understanding of the Company’s governance framework.

∙We assessed the susceptibility of the company’s financial statements to material misstatement, including how fraud might occur by holding discussions with key management. We also reviewed the Company’s fraud-related policies.

∙Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations. Our procedures involved inquiring of key management, reviewing the key policies.

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

Page 6

GIVING LIMITED

INDEPENDENT AUDITORS' REPORT TO THE INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF GIVING LIMITED OF GIVING LIMITED (CONTINUED)

Use of our report

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members 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 Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

Conor Buckley (Senior statutory auditor)

for and on behalf of Ernst & Young, Statutory Auditor

Dublin

12 September 2025

Page 7

GIVING LIMITED

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 DECEMBER 2024

	2024	2023
Note	£	£


Other Income	4	25,770,665	24,500,000
Gross profit		25,770,665	24,500,000
Other external charges		-	(67,729)
Operating profit	5	25,770,665	24,432,271
Interest receivable and similar income	8	1,225	205,368
Interest payable and similar charges	9	-	(158,558)
Profit before tax		25,771,890	24,479,081
Tax on profit	10	36,347	1
Profit for the financial year		25,808,237	24,479,082

The profit and loss account has been prepared on the basis that all operations are continuing operations.
There was no other comprehensive income for 2024 (2023:£NIL).

The notes on pages 11 to 19 form part of these financial statements.

Page 8

GIVING LIMITED

REGISTERED NUMBER: 03979990

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Investments	11		93,750		93,750
			93,750		93,750
Current assets
Debtors: amounts falling due within one year	12	723,909		2,421,850
Cash at bank and in hand	13	2,245		20
		726,154		2,421,870
Creditors: amounts falling due within one year	14	(115,048)		(114,048)
Net current assets			611,106		2,307,822

Net assets			704,856		2,401,572

Capital and reserves
Called up share capital	16	648,126	648,126
Profit and loss account		56,730	1,753,446
		704,856	2,401,572

The financial statements were approved by the board of directors and authorised for issue on 08 September 2025 and were signed on its behalf by:

A W Boor

Director

Date: 8 September 2025

The notes on pages 11 to 19 form part of these financial statements.

Page 9

GIVING LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2024

	Share capital	Retained earnings	Total equity
	£	£	£
At 1 January 2023	648,126	1,774,364	2,422,490

Profit for the year	-	24,479,082	24,479,082
Dividends paid	-	(24,500,000)	(24,500,000)

At 1 January 2024	648,126	1,753,446	2,401,572

Profit for the year	-	25,808,237	25,808,237
Dividends paid (Note 17)	-	(27,504,953)	(27,504,953)
At 31 December 2024	648,126	56,730	704,856

The notes on pages 11 to 19 form part of these financial statements.

Page 10

GIVING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Giving Limited is a private company, limited by shares, incorporated in England and Wales under the Companies Act. The registered office is 5 Churchill Place, 10th Floor, London, E14 5HU.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in GBP (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The principal accounting policies adopted are set out below.

2.2

Going concern

The financial statements have been prepared on the going concern basis and in accordance with the Companies Act 2006 and applicable accounting standards.
The directors have reviewed the company’s going concern position taking into account its current business activities, current financial position, forecasted performance and factors likely to affect its future performance. Based on the information contained within the accounts and including specific consideration with the risks associated with the increased cost of living, the directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
The directors believe that preparing these accounts on the going concern basis is appropriate as its trading subsidiary, Giving.com Limited, is cash generative and therefore dividends are available for distribution to the company to settle its liabilities as they fall due. The company's ultimate parent, Blackbaud Inc. has confirmed that it will not recall any of the amounts owed to group undertakings unless the company has sufficient working capital to make the repayment and it will provide financial support, as required, to enable the company to settle its liabilities as they fall due from the twelve months of the signing of these financial statements.

Page 11

GIVING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.3

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

∙the requirements of Section 7 Statement of Cash Flows;

∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);

∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;

∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Blackbaud Inc as at 31 December 2024 and these financial statements may be obtained from https://investor.blackbaud .com/financial -information/annual -reports.

2.4

Investments in subsidiary undertakings

Investments in subsidiaries are measured at cost less accumulated impairment.

2.5

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 12

GIVING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The Company has adopted International Tax Reform - Pillar Two Model Rules (Amendments to IAS 12) upon their release on 23 May 2023. The amendments provide a temporary mandatory exception from deferred tax accounting for the top-up tax, which is effective immediately.
The UK has enacted Pillar Two legislation with an effective date of January 1, 2024. The Company qualifies for at least one of the safe harbor exceptions under the Organisation for Economic Co-operation and Development's ("OECD") transitional CbCR safe harbor rules such that its top up tax would be deemed to be nil for 2024.

2.10

Equity

The component of the company equity can be described as follows:

∙Share capital - The nominal value of shares issued.

∙Profit and Loss Accounts - The reserves for net gains and losses recognised in the income statement.

3.	Judgements in applying accounting policies and key sources of estimation uncertainty

There are no key assumptions concerning the future or other key sources of estimation uncertainty at the balance sheet date that may cause material adjustment to the carrying amounts of assets or liabilities within the next financial year.

Page 13

GIVING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Other income

	2024	2023
	£	£
Giving.com Limited	25,770,665	24,500,000

Other income relates to dividends received from Giving.com Limited, a wholly owned UK subsidiary.

5.	Operating profit

The company has no employees other than Directors. Remuneration of Directors and key management personnel and audit fees have been wholly borne by other Group entities in both the current and prior year.

Fees payable to the Company's auditors for the audit of the Company's financial statements

10,000

Audit fees have been wholly borne by Giving.com Limited in both the current and prior year.

Employees

The Company has no employees other than the Directors, who did not receive any remuneration (2023 - £NIL).

8.	Interest receivable
		2024	2023
		£	£

Interest receivable on intercompany balances

1,225

205,368

Page 14

GIVING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

9.	Interest payable and similar expenses
		2024	2023
		£	£

Interest payable on intercompany balances

158,558



Total current tax	-	-

Deferred tax
Deferred tax - charge to profit or loss	(36,347)	(1)
Total deferred tax	(36,347)	(1)


	Taxation on loss on ordinary activities	(36,347)	(1)

Profit on ordinary activities before tax

25,771,890

24,479,081

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023 - 23.52%)	6,442,973	5,757,614
Effects of:
Non-taxable income	(6,442,667)	(5,762,534)
Group relief	9,641	16,333
Remeasurement of deferred tax for changes in tax rates	-	718
Deferred tax not recognised	(46,294)	(12,132)
Total tax charge for the year	(36,347)	(1)

Losses not recognised as deferred tax as at the year end amount to £Nil (2023 - £Nil).

Page 15

GIVING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

10.Taxation (continued)

Factors that may affect future tax charges

There were no factors that may affect future tax charges.

11.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2024	93,750
	At 31 December 2024	93,750

Giving Limited owns the entire ordinary share capital of Giving.com Limited, a company incorporated in Great Britain, whose principal activity is enabling individuals to donate and fundraise online through a website which aggregates charities and causes on one site.
Giving Limited owns the entire ordinary share capital of ACN 161 644 328 Pty Limited, a company incorporated in Australia, which is a dormant entity.

Subsidiary undertakings
The following were subsidiary undertakings of the Company:
Name	Registered office	Class of shares	Holding

	Giving.com Limited	5 Churchill Place, 10th Floor, London, E14 5HU, United Kingdom	UK	100%
	ACN 161 644 328 Pty Ltd (Formerly JustGiving Australia Pty Limited)	Level 11, 1 Margaret Street, Sydney, NSW 2000	Australia	100%

Page 16

GIVING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

12.

Debtors

					2024	2023
					£	£


Amounts owed by group undertakings	678,596	2,412,884
Deferred taxation	45,313	8,966
	723,909	2,421,850

Amounts owed by group undertakings are unsecured, interest free and repayable on demand.

13.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	2,245	20
	2,245	20

14.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Amounts owed to group undertakings	114,048	114,048
Corporation tax	1,000	-
	115,048	114,048

Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

15.	Deferred tax asset

	2024	2023
	£	£

At the beginning of year	8,966	8,965
Movement	36,347	1
At end of year	45,313	8,966

Page 17

GIVING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

15.Deferred tax asset (continued)

The deferred tax asset is made up as follows:
	2024	2023
	£	£

Losses	8,966	8,965
Fixed asset timing differences	36,347	1
	45,313	8,966

16.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

61,044,663 (2023 - 61,044,663) Ordinary shares of £0.01 each	610,447	610,447
37,679 (2023 - 37,679) Ordinary A shares of £1.00 each	37,679	37,679

	648,126	648,126

Each holder of the Ordinary shares shall be entitled to receive notice of, and to attend and vote at, general meetings of the Company; on a show of hands every holder of Ordinary shares who (being an individual) is present in person or by proxy or (being a corporation) is present by a duly authorised representative or by proxy, shall have one vote and on a poll every holder of Ordinary shares so present shall have one vote for each Ordinary share held.
Each holder of the A Ordinary shares shall be entitled to receive notice of, and to attend and vote at, general meetings of the Company; on a show of hands every holder of A Ordinary shares who (being an individual) is present in person or by proxy or (being a corporation) is present by a duly authorised representative or by proxy, shall have 100 votes and on a poll every holder of A Ordinary shares so present shall have 100 votes for each A Ordinary share held.
Any lawful distribution which the Directors resolve to distribute in the course of ordinary business or in liquidation, reduction of capital or otherwise, is to be applied to holders of Ordinary shares and A Ordinary shares pari passu and pro rata to the number of shares held.

Page 18

GIVING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Interim dividend from: Giving.com Limited	25,770,665	24,500,000
Interim dividend to: Blackbaud Global Limited	1,734,288	-
	27,504,953	24,500,000

18.	Ultimate parent undertaking and controlling party

The Company is a wholly owned subsidiary of Blackbaud Global Limited, which is itself an indirectly wholly owned subsidiary of Blackbaud Inc., which is the Ultimate Parent company and ultimate controlling party incorporated in the USA.
The ultimate holding company and ultimate controlling party is Blackbaud Inc., a company incorporated in the United States of America. The ultimate holding company and controlling party is the smallest and largest group into which these financial statements are consolidated. The consolidated financial statements are available to the public and may be obtained from Blackbaud Inc's address or can be obtained from the investor relations website: https://investor.blackbaud .com/financial -information/annual -reports.

The company has taken advantage of the exemptions available under paragraph 33.1A of FRS 102 not to disclose transactions with fellow owned subsidiaries of Blackbaud Inc.

Anthony Boor and Jeff Angerman are both a trustee of JustGiving Foundation, a UK registered charity and a company limited by guarantee. During the year, there were no direct transactions between the company or any wholly owned subsidiaries of the company and JustGiving Foundation.

19.	Post balance sheet events

The Company has performed an evaluation of subsequent events through the date the financial statements were issued. In July 2025, the company received an interim dividend of £20,000,000 from Giving.com Limited, and declared an interim dividend of £20,000,000 to Blackbaud Global Limited.
In August 2025, Giving Limited applied for the allotment and issue of 5,645,472 ordinary shares of £0.10 in Giving.com Limited.
There were no other material subsequent events that occurred between the balance sheet date and the date of signing of the financial statements, affecting the group, which require adjustment to or disclosure in the financial statements.

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