Givingforce Foundation

	Page
Trustees' Report	1—4
Independent Examiner's Report	5
Statement of Financial Activities (including Income and Expenditure Account)	6
Balance Sheet	7—8
Notes to the Financial Statements	9—14

The trustees present their report and the financial statements for the year ended 30 November 2025.

Objectives and Activities

Aims and Objectives

The Charity is governed by its Articles of Association adopted on 30 June 2017.

The charity aims, for the public benefit to promote the efficiency and effectiveness of charities and the effective use of charitable resources in particular but not exclusively by the provision of a payroll giving service and the promotion of charitable giving and volunteering.

The charity also aims to advance such charitable purposes as the trustees see fit from time to time by the provision of donations and other financial assistance.

BOARD OF TRUSTEES

The Charity may by ordinary resolution appoint a person who is willing to act as a trustee either to fill a vacancy or as an additional trustee. The maximum and minimum number of trustees shall be determined by the Charity, but unless and until so fixed there shall be no maximum number and the minimum number of trustees shall be two.

New trustees will be given individual training on the workings of the Charity as and when they are appointed.

Objectives and aims

The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.

Achievements and Performance

Main Achievements

The Charity facilitated the distribution of over £5,992,135.68 of donations to 1,866 charities as a result of the Workplace Giving Schemes it supports.

The Charity recorded £58,614 (2024: £71,308) in income and generated a surplus of £44,704 (2024: deficit of £12,660).

RESERVES POLICY

The charity's reserves policy is to enable the charity to continue its start up phase without further fund raising.

The policy will continue to be reviewed over the coming years.

PLANS FOR THE FUTURE

The trustees intend to continue to grow the Charity as more employers sign up to Workplace Giving Schemes.

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Givingforce Foundation

Trustees' Report (continued)

For The Year Ended 30 November 2025

Structure, Governance and Management

Governing Document

The Charity is a charitable company limited by guarantee, incorporated on 30 June 2017 and registered as a charity on 6 April 2018. The company was established under a Memorandum of Association which established the objectives and powers of the charity and company and is governed under its Articles of Association.

PRINCIPAL RISKS AND UNCERTAINTIES FACING THE CHARITY

The following risks have been considered by the trustees

The charity receives financial and administration support from GivingForce Limited to enable it to continue its activities. The directors of GivingForce Limited have confirmed their intention to continue to support the charity for the foreseeable future.

The trustees regularly review the other risks faced by the charity and believe that there is a satisfactory mitigation of any

significant risks.

PUBLIC BENEFIT

The trustees have read and are mindful of the public benefit statements issued by the Charity Commissions and refer to the guidance when considering activities. The trustees consider that the public benefit requirement is amply met by virtue of the wide range of causes enabled by the Charity's activity.

PRINCIPAL RISKS AND UNCERTAINTIES FACING THE CHARITY

The following risks have been considered by the trustees.

The charity receives financial and administration support from GivingForce Limited to enable it to continue its activities. The directors of GivingForce Limited have been confirmed their intention to continue to support the charity for the foreseeable future.

The trustees regularly review the other risks faced by the charity and believe that there is a satisfactory mitigation of any significant risks.

Reference and Administrative Details

Trustees

Mr Ejaz Rashid - Director

Mr Nasr Alam - Director

Mr David Bond - Director

Company Secretary

Mrs Nasim Rashid

Charity Number

1177839

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Givingforce Foundation

Trustees' Report (continued)

For The Year Ended 30 November 2025

Company Number

10845504

Independent Examiner

Rishi Lokye FCCA

Sloane & Co. LLP

Chartered Certified Accountants & Business Advisors

Office 015
30 Great Guildford Street
Borough, London
SE1 0HS

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Givingforce Foundation

Trustees' Report (continued)

For The Year Ended 30 November 2025

Statement of Trustees' Responsibilities

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (UK Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charity and of the income, expenditure and financial activities of the charity for that period. ln preparing these financial statements, the trustees are required to:

select suitable accounting policies then apply them consistentl
observe the methods and principles in the Charities SORP;

make judgements and estimates that are reasonable and prudent;

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

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The trustees' report was approved by the board of trustees and signed on its behalf by:

Mr Ejaz Rashid

Trustee

15 July 2026

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Givingforce Foundation

Independent Examiner's Report to the Trustees of Givingforce Foundation

For The Year Ended 30 November 2025

Independent Examiner's Report to the Trustees of Givingforce Foundation

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 November 2025.

Responsibilities and Basis of Report

As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent Examiner's Statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Rishi Lokye FCCA

15 July 2026

Sloane & Co. LLP

Chartered Certified Accountants & Business Advisors

Office 015
30 Great Guildford Street
Borough, London
SE1 0HS

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Givingforce Foundation

Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 30 November 2025

Statement of Financial Activities (including Income and Expenditure Account)

		2025	2024
		Unrestricted funds	Unrestricted funds
	Notes	£	£
INCOME AND ENDOWMENTS FROM:
Charitable activities:
Other activities		58,614	71,307

EXPENDITURE ON:
Charitable activities:	4
Management and administration		(11,688 )	(83,251 )
Bank interest on loans		(1,170 )	(717 )
Other activities		(1,052 )	-

		(13,910 )	(83,968 )

NET INCOME/(EXPENDITURE)		44,704	(12,660 )


NET MOVEMENT IN FUNDS		44,704	(12,660 )
RECONCILIATION OF FUNDS:
Total funds brought forward		6,974	19,634

TOTAL FUNDS CARRIED FORWARD	13	51,678	6,974

The notes on pages 9 to 14 form part of these financial statements.

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Givingforce Foundation

Balance Sheet

As At 30 November 2025

Balance Sheet

		2025	2024
		Unrestricted funds	Total funds
	Notes	£	£
FIXED ASSETS
Tangible Assets	8	276	633

		276	633
CURRENT ASSETS
Debtors	9	19,326	11,382
Cash at bank and in hand		1,003,806	416,274

		1,023,132	427,656
Creditors: Amounts Falling Due Within One Year	10	(971,730 )	(413,662 )

NET CURRENT ASSETS (LIABILITIES)		51,402	13,994

TOTAL ASSETS LESS CURRENT LIABILITIES		51,678	14,627

Creditors: Amounts Falling Due After More Than One Year	11	-	(7,653 )

NET ASSETS		51,678	6,974

FUNDS OF THE CHARITY
Unrestricted Funds		51,678	6,974

TOTAL FUNDS	13	51,678	6,974

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Givingforce Foundation

Balance Sheet (continued)

As At 30 November 2025

For the year ending 30 November 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The financial statements were approved by the board of trustees on 15 July 2026 and were signed on its behalf by:

Mr Ejaz Rashid

Trustee

The notes on pages 9 to 14 form part of these financial statements.

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Givingforce Foundation

Notes to the Financial Statements

For The Year Ended 30 November 2025

Notes to the Financial Statements

1. General Information

GivingForce Foundation is a company limited by guarantee, incorporated in England and Wales, registered number 10845504 and registered charity number 1177839 . The registered office is C/O Moore Kingston Smith 6th Floor, Charlotte Building, 17 Gresse Street, London, W1T 1QL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.

Givingforce Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

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

The accounts have been prepared under the historical cost convention.

2.2. Going Concern Disclosure

These financial statements are prepared on the going concern basis. The trustees have assessed the charity's ability to continue as a going concern and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of the approval of these financial statements. The charity has made a surplus for the year of £44,704 (2024: deficit of £12,660), net asset of £51,678 (2024: £6,974) and cash balance of £1,003,806 (2024: £416,274). The trustees evaluated the impact on the charity. ln particular the trustees have considered the charity's forecasts and projections, and believe that the charity will be able to continue its activities and meet its liabilities as they fall due for a period of at least twelve months from the date of approval of the financial statements.

2.3. Incoming Resources

The charity acts as an agent co-ordanitaing the raising and distributing of donations from employees and employers to charities. The donations processed on behalf of individuals and employers are not recognised in the Statement of Financial Activities.

All fee and donations income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivables can be measured reliably.

Administrative fees are recognised on an accrual basis.

...CONTINUED

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Givingforce Foundation

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

2.3. Incoming Resources - continued

Charitable activities

Expenditure is accounted for on an accruals basis and is inclusive of VAT.

Charitable activities include donations payable which are charged in the year when the offer is conveyed to the recipient, except where the offer is subject to conditions, such grants being recognised as expenditure when the conditions are fulfilleld.

Governance costs are those associated with the constitutional and statutory requirements of running a Charity.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

straight-line over 3 years

2.5. Financial Instruments

Cash and cash equivalents include cash in hand and deposits held at call with banks.

Debtors and creditors receivable or payable within one year of the reporting date are carried at their transaction price.

Critical accounting estimates and areas of judgement

In the view of the trustees in applying the accounting policies adopted, no judgements were required that have a significant effect on the amounts recognised in the financial statements, nor do any estimates or assumptions made carry a significant risk of material adjustment in the next financial year.

2.6. Taxation

As a charity, GivingForce Foundation is exempt from United Kingdom Corporation Tax under the Corporation Tax Act 2010 and may recover income tax deducted from its investment income.

3. Net Income/(Expenditure)

The net income/(expenditure) is stated after charging/(crediting):

	2025	2024
	£	£
Depreciation of tangible fixed assets - owned	357	357

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Givingforce Foundation

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

4. Analysis of Expenditure

			2025
	Activities undertaken directly	Support costs (see note 5 )	Total
	£	£	£
Management and administration	-	11,688	11,688
Bank interest on loans	-	1,170	1,170
Other activities	1,052	-	1,052

	1,052	12,858	13,910

	2024
	Support costs (see note 5 )
	£
Management and administration	83,251
Bank interest on loans	717

	83,968

5. Support Costs

			2025
	Management and administration	Bank interest on loans	Total
	£	£	£
Employee costs	41,499	-	41,499
General administration	(30,168)	-	(30,168)
Depreciation	357	-	357
Interest payable	-	1,170	1,170

	11,688	1,170	12,858

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Givingforce Foundation

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

			2024
	Management and administration	Bank interest on loans	Total
	£	£	£
Employee costs	46,774	-	46,774
General administration	36,120	-	36,120
Depreciation	357	-	357
Interest payable	-	717	717

	83,251	717	83,968

6. Staff Costs

Staff costs were as follows:

	2025	2024
	£	£
Wages and salaries	40,290	44,501
Other pension costs	1,209	1,285

	41,499	45,786

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.

7. Average Number of Employees

Average number of employees during the year was: 4 (2024: 4)

8. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 December 2024	1,048

As at 30 November 2025	1,048

Depreciation
As at 1 December 2024	415
Provided during the period	357

As at 30 November 2025	772

...CONTINUED

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Givingforce Foundation

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

Net Book Value
As at 30 November 2025	276

As at 1 December 2024	633

9. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	4,663	11,382
Other debtors	14,663	-

	19,326	11,382

10. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	330,887	12,107
Bank loans and overdrafts	-	1,500
Other creditors	629,465	388,553
Taxation and social security	5,278	5,262
Accruals and deferred income	6,100	6,240

	971,730	413,662

11. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Other loans	-	7,653

12. Loans

An analysis of the maturity of loans is given below:

	2025	2024
	£	£
Amounts falling due within one year or on demand:
Bank loans	-	1,500

	2025	2024
	£	£
Amounts falling due between one and five years:
Other loans	-	7,653

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Givingforce Foundation

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

13. Movement in Funds

	As at 1 December 2024	Income	Expenditure	As at 30 November 2025
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	6,974	58,614	(13,910 )	51,678


Total funds	6,974	58,614	(13,910 )	51,678

	As at 1 December 2023	Income	Expenditure	As at 30 November 2024
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	19,634	71,308	(83,968 )	6,974


Total funds	19,634	71,308	(83,968 )	6,974

14. Transactions with Trustees

None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.

No trustee expenses have been incurred.

15. Related Party Disclosures

There have been no related party transactions in the reporting period that require disclosure.

16. Share Capital

The charity is limited by guarantee and therefore does not have a share capital. The liability of the members is limited to the sum of £10 per member.

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