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2022-12-31-accounts

Charity Registration No. 1067673 (England and Wales) Charity Registration No. SC039866 (Scotland) Company Registration No. 03469653 (England and Wales)

ABILITYNET

(A COMPANY LIMITED BY GUARANTEE)

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION

Trustees A Brooks – Chairman
K Kanodia
A Orsi
G Pedlingham
O Purcell
N Rumsey
D Silverstone
S Woodhams
IBM UK Ltd (represented by M Evason)
The Information Technologists’ Company (represented by P
Jagger)
Patron Martha Lane Fox, Baroness Lane-Fox of Soho CBE
President David Livermore OBE
Vice President Roger Jefcoate CBE DL
Chief Executive Gary Moore
Secretary John Muscroft
Charity number
England and Wales 1067673
Scotland SC039866
Company number 03469653
Principal address Microsoft Campus
Thames Valley Park
Reading
RG6 1WG
Registered office Acre House
11-15 William Road
London
NW1 3ER
United Kingdom

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION

Auditor HW Fisher LLP Acre House 11-15 William Road London NW1 3ER United Kingdom Bankers Coutts & Co 440 The Strand London WC2R 0QS CCLA Investment Management Limited Senator House 85 Queen Victoria Street London EC4V 4ET Nationwide Building Society Kings Park Road Moulton Park Northampton NN3 6NW

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) CONTENTS

Page
Trustees' report 1 - 12
Statement of trustees' responsibilities 13
Independent auditor's report 14 - 18
Statement of financial activities 19 - 20
Balance sheet 21
Statement of cash flows 22
Notes to the financial statements 23 - 40

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) TRUSTEE’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

The Trustees present their report and financial statements for the year ended 31 December 2022. The Trustees report includes the directors’ report required under company law.

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, applicable law and United Kingdom Accounting Standards including Statement of Recommended Practice (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)”.

Reference and administrative information

The charity is a company limited by guarantee registered in England and Wales under the number 03469653 at Companies House.

The charity is also registered with the Charity Commission in England and Wales under number 1067673 and with the Office of the Scottish Charity Regulator under number SC039866.

Trustees

The Trustees, who are also directors for the purpose of company law, who served during the year, were:

A Brooks – Chairman M Bernard (resigned 27 July 2022) K Kanodia A Orsi (appointed 26 September 2022) G Pedlingham O Purcell N Rumsey D Silverstone S Woodhams IBM UK Ltd (represented by M Evason) Microsoft Ltd (represented by S Foxall) - resigned 18 February 2022 The Information Technologists’ Company (represented by P Jagger)

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.

Chief Executive who served during the year: G Moore

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) TRUSTEE’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

Related parties

These are set out in note 19.

Structure, governance and management

Governing Document

The organisation is a charitable company limited by guarantee, incorporated in the UK and registered as a charity in England and Wales as well as in Scotland. The company was established under a Memorandum of Association, which created the objects and powers of the charitable company and is governed by its Articles of Association.

Trustee recruitment, appointment, training and induction

AbilityNet currently has ten Trustees, who are also directors under company law; there are two Corporate Trustees being IBM (UK) Ltd and The Information Technologists’ Company which each appoint a representative to the Board. Microsoft Ltd were also a Corporate Trustee at the start of 2022 but resigned from the Board in February 2022.

Other Trustees are selected for a range of skills to support the existing or emerging needs of AbilityNet. When a vacancy occurs, potential candidates are interviewed by a panel of Trustees.

Suitable individuals are briefed by the Chairman and Chief Executive before being proposed for appointment to the Board of Trustees. New Trustees receive a full briefing, including an induction pack containing the Memorandum and Articles, a copy of relevant policies with a glossary of terms and copies of minutes of previous meetings.

Management

Key management personnel comprise the Trustees and the senior management team.

The Chief Executive Officer is responsible for the charity’s overall day to day management reporting to the Board. Key strategic decisions are taken to the Board for approval and where appropriate a sub-committee is formed to consider anything that requires additional input or that needs resolution.

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) TRUSTEE’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

The Board of Trustees (Directors) are responsible for the overall strategic direction and sound financial practices within the charity. They hold Board meetings on a quarterly basis and receive a Monthly Business Update from the Chief Executive which includes management accounts, a report on progress to date and any notable events in the coming period.

The Chairman, as the representative of the Board, also maintains regular contact with the Chief Executive and, where necessary, secures agreement from the Board for urgent action, unless already empowered by the Board to make the necessary decision.

Senior Managers are invited to Board meetings to provide briefings on different aspects of the charity’s work. The Trustees provide advice and support to senior managers whenever appropriate, so that their expertise and insights can be used to benefit the charity.

The senior management team who served during the year were:

G Moore (Chief Executive Officer) M Comerford (Human Resources) P Dalton (Sales) D Henke-Reed (Accessibility) A Low (Service Delivery) J Muscroft (Finance) M Walker (Marketing & Portfolio)

Audit Committee

AbilityNet’s governance structure includes an Audit Committee which considers the financial conduct of the organisation and related risks.

The Committee meets at least twice a year, one of which is with the External Auditors to review and recommend approval of the Annual report and financial statements.

In addition, current plans and actions are discussed and considered, including emerging and existing financial, economic and operational risks to the charity and the evaluation of their impact and likelihood. The committee decides if and how to include these on the charity’s Risk Register. Actions are agreed where necessary and progress monitored on a regular basis.

During 2022 the AbilityNet Audit Committee was chaired by O Purcell. The Committee comprises four experienced Trustees as members and is attended by AbilityNet’s Finance Director and Chief Executive. It reports to the Board of Trustees at the next available Board meeting.

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) TRUSTEE’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

Remuneration Committee

The Remuneration Committee considers aspects of AbilityNet’s remuneration policy and the reward package of the Chief Executive. The committee also agrees the general pay strategy for the charity to be followed by senior management. This committee is made up of four experienced Trustees and during 2022 was chaired by N Rumsey and met once.

It reports to the Board of Trustees at the next available Board meeting.

Diversity & Equality

AbilityNet’s desire and determination is to provide an inclusive environment to encourage equal opportunities for its employees. We aim to deal with internal and external stakeholders and members of the public free from bias in an open and accessible way.

To further this aim, AbilityNet provides training to its employees (mandatory) and Trustees on Diversity and Equality to add to the cultural awareness and understanding of this subject throughout the organisation.

The Board of Trustees agree the context and strategic direction in this area, approving policies which underpin this across the charity. These are designed to inform and educate employees in our obligations under relevant legislation (e.g. Equality Act 2010) and to encourage an open and inclusive culture throughout the charity.

Safeguarding

AbilityNet is committed to enabling a safe and rewarding environment for its employees and volunteers. Our Safeguarding policy is designed to ensure everyone is treated fairly and respectfully and we also have a Whistle-blowing policy so that people can raise any concerns they have confidentially.

A number of our employees and volunteers carry out roles that may mean they encounter people who are considered to be vulnerable. We carry out regular criminal record checks for those employees and volunteers engaged in such roles.

We formally review the information in our Safeguarding policy every two years to ensure it is current and in line with best practice. The aim is to provide our staff and volunteers with the most up-to date knowledge and understanding, using guidance from the Government and the Charity Commission adapting our approach accordingly.

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) TRUSTEE’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

How our objectives deliver public benefit

We have referred to the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. The Trustees have thought carefully about how planned activities will contribute to the aims and objectives they have set.

AbilityNet’s work benefits a wide range of organisations, including the voluntary sector, public and commercial organisations and individuals across the United Kingdom and elsewhere.

Our main objectives and activities and who we try to help are described in more detail below.

Objectives and activities

AbilityNet’s purpose is to enable a world of digital inclusion by supporting disabled and older people to achieve everything they can at work, in education or at home.

Our ambition is to improve lives by recommending and demonstrating suitable technology to act as an enabler for those who need help.

We are known for the extent of our services, deep expertise and insights, and for supporting a wide range of individual needs. Our staff and volunteers are experts who care and although our principal focus is the UK, our influence is global.

As more services have moved online, the potential for social and economic disadvantage increases for those struggling to use technology. We remain the only UK charity reaching out to help this pan-disability group across the UK with our strong desire to ensure the technology they use, or wish to use, is accessible, usable and inclusive.

How do we help?

We approach this in four ways:

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) TRUSTEE’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

Achievements and performance

Demand for our services in supporting clients on their Accessibility projects continued to grow in 2022 from both our established customers and a growing interest from new ones as well.

We saw continued turbulence in the Disabled Students' Allowance (“DSA”) assessment sector with additional centres being opened as a result of service providers preparing for the release of the tender for the service by Student Loans Company. Consequently, in this sector we saw our revenues being significantly impacted in this area when compared to 2021.

However, we did see an upturn in our Workplace service revenues as referrals increased as more people were back working in offices. Our training and workplace revenues also increased during 2022.

We successfully completed another year of our events programme covering a number of free webinars on digital accessibility and related topics and hosted another very successful year of our TechShare Pro conference, attracting more online interest than in previous years.

We showed growth in the public benefit value from our free services with demand for our volunteers supporting their communities as well as working with community partners to support the distribution of free tablets to those in need.

Our staff engagement has remained strong with positive feedback on the charity’s culture.

The charity was able to deliver the following:

Our impact report for 2022 can be found using this link to our website: https://abilitynet.org.uk/about/abilitynet-impact-report-2022

AbilityNet highlights where and how digital exclusion is experienced and provides support and knowledge to individuals to give them improved skills to access online digital services as well as helping organisations make their services more accessible and inclusive.

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) TRUSTEE’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

AbilityNet achieves this through a range of ‘paid for’ services to companies and organisations delivered by our skilled and caring employees.

We also provide free one-to-one services to disabled or older individuals who have reached out to us for support. We deliver this help through a mixture of face-to-face or remote sessions by our skilled volunteers.

The main areas we aim to influence are:

  1. Encouraging the adoption of best practice in the design of accessible websites, mobile apps, systems and content across industry sectors by following and promoting the standards of Web Content Accessibility Guidelines (“WCAG”).

  2. Engaging with major technology companies to encourage them consistently to advance inclusion strategies in all their technologies and systems.

  3. Enabling disabled and older people to make effective use of digital technologies at home, in work and education.

  4. Stimulating organisations to provide a learning and enlightened environment for their IT and web design professionals to promote digital inclusion in all of their system development.

  5. Encouraging employers to adopt reasonable adjustments in their workplace environments in which their disabled employees can maximise their potential.

During 2022 we created impact through providing: free advice and information; accessibility advice; delivering assessments, training and webinars, home support visits, remote technical support and with our events and webinar programmes reaching many people using online platforms.

The work we undertake with companies to optimise the accessibility of their websites and apps continues indirectly to help improve the digital experience of substantial numbers of users. It is difficult to quantify the impact this has and so we do not estimate it here.

We had 1,923,260 online visitors compared to 1,424,244 in 2021 and 107,602 engagements with our free factsheets, which provide advice and information about how computers and other digital technologies can help people with a range of conditions and impairments to achieve their goals.

Our estimate of the public benefit value of our free services delivered in 2022 under our measure is £1,598k versus £1,505k in 2021 (6.2% up year on year).

Assessment Services

During 2022 we delivered 1,444 assessments to students under the DSA scheme, mainly remotely but with a gradual post-pandemic increase in face-to-face assessments. The landscape of this sector was impacted by ongoing uncertainty around the government’s direction in this area. Eventually the government released a tender through the Student Loans Company for the future provision of services.

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) TRUSTEE’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

Newer entrants into the sector, positioning themselves for the tender submission, had an impact on the number of referrals made by students to AbilityNet during this time as they were faced with an increased choice of assessment centres.

AbilityNet decided to collaborate with a reputable organisation supplying equipment and training in this space who were a prime bidder in the tender submission in late 2022 for the four zones available for tender award. The tender process was not concluded within the financial year however subsequently we learnt that we had not been successful.

Separately, we also provided an increasing number of remote workplace assessments for those with a disability or impairment to get into work or stay in work. This service helps employers and their disabled staff identify end-to-end solutions for any reasonable adjustments to their working environment as well as recommendations in the use of equipment and helpful training.

We helped 1,332 employees in various organisations with advice and recommendations to assist with their continued employment in 2022.

Accessibility Services

Organisations from across the public, private and third sectors sought our advice and recommendations to enable them to deliver their online content in accessible and inclusive ways to the widest possible audience.

We provided a range of advice and consultancy services covering strategy, audit, user test and accreditation, not only for traditional web services but also for tablet and mobile apps, responding to market demands from both clients and end users.

Free Services

Advice and Information

We provided telephone support via our help line and information through our website which gives access to free factsheets, articles and blogs.

Our support service resolved 4,457 calls during 2022 versus 1,447 in the prior year. We recorded over 1,769,613 page views of MyComputerMyWay - our comprehensive, easy-to-use guide to the accessibility options available for free on computers, tablets and mobiles.

AbilityNet ITCanHelp

The ITCanHelp programme helps disabled and older people by providing IT support in their homes or remotely. The service ranges from advice on installing equipment to diagnosing and fixing problems and providing training. In 2022 we provided support on 3,657 occasions to disabled and older people with their IT needs.

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) TRUSTEE’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

TechShare Pro 2022

The 6[th] AbilityNet TechShare Pro conference was a hybrid online and in-person event held over 3 days from 15 to 17 November 2022.

2,148 delegates registered in 2022, an increase of over 61% compared with 2021.

More than 100 speakers joined us in 40 different sessions including business leaders, marketers, accessibility leaders, disability charities, influencers, UK and European Governments, and more.

In 2022, the event was supported by Google, Meta, Sony, HSBC, Barclays, Intuit,

Atos, Business Disability Forum, DATEurope, IAAP, Scope, RNIB, RNID, UKAAF, Valuable 500 and many more.

Delegates and supporters report that they find the content in this conference very valuable, offering a high-profile platform to engage current and potential stakeholders in the topic of digital accessibility and related topics in the disability field.

Plans for the future

Our funding continues to be driven by our chargeable services in Assessment services and Accessibility services and we believe this will continue in 2023.

Assessment services: our delivery of impact in this area are Workplace Assessments (WPA) and Workplace training on accessibility and inclusion for those in work or helping to get people into work. Our capability covers face to face, remote and telephone assessments to support employers and individuals.

In early 2023 we learned that our collaborative bid to win the DSA tender for delivery of services to those students in higher and further education had been unsuccessful and consequently will withdraw from this service in the first half of 2023. We continue to work through the impact this will have on the services we offer.

Accessibility services: we will continue to deliver to our existing and new clients a range of services for helping them achieve on-line compliance and improving the accessibility of their web, mobile, tablet and application services.

As technology evolves, so does best practice in the field of accessibility and we will continue to invest in the recruitment and development of skilled expertise and in systems and processes to help our consultants effectively support clients.

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) TRUSTEE’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

Review of financial position

The Summary of the year ended 31 December 2022 is as follows:

We saw demand for our Accessibility services continuing to grow, as experienced in 2021, with demand increasing by over 7% year on year.

As highlighted earlier, the release of the DSA service tender saw turbulence in this area for us with income falling by over 26% against 2021. Due to increasing costs which we faced in 2022 to maintain our presence in this programme, the net impact of us exiting this sector in the first half of 2023 is unlikely to be as significant to the charity in 2023 as it might have been.

However, our Workplace service revenues did increase during the year, with noticeably more demand for some of our training services.

We completed another year of our respected event’s programme including our 6[th] TechShare Pro conference. The financial support of sponsors allows us to deliver this programme at scale and at high quality.

During 2022 we helped 132 corporate organisations, 258 charities and community partners, 223 educational establishments as well as 119 public sector organisations as well as countless individuals.

At the Balance Sheet date the Charity’s total funds amounted to £2,304,088, Free Reserves amounted to £2,209,902.

Fundraising Compliance

AbilityNet does recognise that the generosity of our donors and partners is part of our funding which enables us to carry out our charitable activities. Whilst our aim is to maximise our income, we recognise that on very rare occasions we may consider refusing a donation or other involvement with a sponsor or a particular activity. In such an instance we will act with the utmost integrity; we will respect any matters of legitimate confidentiality and, in conducting all discussions and conveying the decision, will aim to respect the dignity of the prospective donor and/or partner. We had no occasions in 2022 to refuse any donations.

We seek to adhere to the highest standards of fundraising practice. Our fundraising activities are overseen by our Service Delivery Director, who is responsible for ensuring that all of our activities comply with the standards in the Code of Fundraising Practice.

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) TRUSTEE’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

We have received no complaints about our fundraising this year. We also pay close attention to the changing regulatory environment to ensure that we remain compliant with best practice and that any fundraising is transparent, honest and nonintrusive.

We did not employ professional fundraising agencies with the majority of fundraising activities planned and delivered by our small in-house fundraising team.

Reserves policy

The charity’s ambition in the medium to longer term is to provide six months’ cover of the charity’s day to day average running costs.

In 2022 we adjusted the method of how we measure our operating costs. Under our new calculation, our free reserves (being Unrestricted Reserves excluding Fixed Assets) as at 31 December 2022 stood at £2,209,902 versus £2,109,820 from the prior year, providing around 5.2 months’ cover of an average of our last 3 month’s operating costs, versus 5.5 months from the year before (4.4 months under the previous calculation).

The Board remains committed to strengthening our reserves and working towards attaining the objective set in the policy.

Risk factors

The Directors have considered the risks to which the charity is exposed and have established monitoring processes to understand and mitigate those risks. Strategic and shorter-term plans are reviewed on a regular basis. We have in place internal procedures to control our expenditure and the delivery of our services. Risk management forms an integral part of the management process.

The main risk which the Trustees plan to reduce is becoming over-reliant on income from a small number of sources. We focus on mitigation of this risk by programmes to diversify our customer base, such as targeting resource to develop new clients and through the business development of new services.

The loss of an income stream to deliver services to disabled students in 2023 will be managed carefully to mitigate costs assigned to this area. This may affect the resources available to support our free service delivery in 2023.

Going Concern

The Trustees have satisfied themselves that the restructuring and cost mitigation actions enacted since the Charity learned it was unsuccessful in its collaborative bid to win the DSA tender have significantly reduced costs. Furthermore the Trustees are satisfied that the Charity’s efforts to expand activities in its chargeable services elsewhere will, in the medium term, place the Charity on a firm financial footing.

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) TRUSTEE’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

Accordingly, at the time of approving the financial statements, the Trustees have a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. Thus, the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Disclosure of information to the auditor

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

Auditor

The auditor, HW Fisher LLP, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

On behalf of the board of Trustees

Alan Brooks Alan Brooks

Chairman

27 Apr 2023

Date: ..................................................

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees, who are also the directors of AbilityNet 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 Board 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 Board are required to:

The Board 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 Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). 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.

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT

TO THE MEMBERS AND TRUSTEES OF ABILITYNET

Opinion

We have audited the financial statements of AbilityNet (the ‘charity’) for the year ended 31 December 2022 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

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

Conclusions relating to going concern

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

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

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

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS AND TRUSTEES OF ABILITYNET

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 Board 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 our 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 this 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 our audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the trustees' report.

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

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS AND TRUSTEES OF ABILITYNET

Responsibilities of trustees

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

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and under the Companies Act 2006 and report in accordance with the Acts and relevant regulations made or having effect thereunder.

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

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS AND TRUSTEES OF ABILITYNET

As part of our planning process:

The key procedures we undertook to detect irregularities including fraud during the course of the audit included:

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements even though we have properly planned and performed our audit in accordance with auditing standards. The primary responsibility for the prevention and detection of irregularities and fraud rests with the trustees of the charity.

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

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE MEMBERS AND TRUSTEES OF ABILITYNET

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and to the regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company's members and trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company, the charitable company’s members as a body, and the charitable company’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Carol Rudge

Carol Rudge (Senior Statutory Auditor) for and on behalf of HW Fisher LLP

Chartered Accountants Statutory Auditor Acre House 11-15 William Road London NW1 3ER United Kingdom .........................27 Apr 2023

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2022

Current financial year
Unrestricted
funds
2022
Notes
£
Income from:
Voluntary income
3
247,010
Charitable activities
4
5,407,792
Investments
5
11,268
Total income
5,666,070
Expenditure on:
Charitable activities
IT solutions for disabled people
6
5,525,498
Total charitable expenditure
5,525,498
Net income for the year/
Net movement in funds
140,572
Fund balances at 1 January 2022
2,155,264
Fund balances at 31 December 2022
2,295,836		 Restricted
funds
2022
£
61,627
-
-
61,627
57,241
57,241
4,386
3,866
8,252		 Total
2022
£
308,637
5,407,792
11,268
5,727,697
5,582,739
5,582,739
144,958
2,159,130
2,304,088		 Total
2021
£
520,342
5,360,758
524
5,881,624
4,981,299
4,981,299
900,325
1,258,805
2,159,130

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

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2022

Prior financial year
Unrestricted
funds
2021
Notes
£
Income from:
Voluntary income
3
240,149
Charitable activities
4
5,360,758
Investments
5
524
Total income
5,601,431
Expenditure on:
Charitable activities
IT solutions for disabled people
6
4,697,174
Total charitable expenditure
4,697,174
Net income for the year/
Net movement in funds
904,257
Fund balances at 1 January 2021
1,251,007
Fund balances at 31 December 2021
2,155,264		 Restricted
Total
funds
2021
2021
£
£
280,193
520,342
- 5,360,758
-
524
280,193 5,881,624
284,125 4,981,299
284,125 4,981,299
(3,932)
900,325
7,798 1,258,805
3,866 2,159,130		 Total
2021
£
520,342
5,360,758
524
5,881,624
4,981,299
4,981,299
2,159,130

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

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET

AS AT 31 DECEMBER 2022

2022 2021
Notes £ £ £ £
Fixed assets
Tangible assets 11 85,934 45,444
Current assets
Debtors 12 687,666 635,807
Cash at bank and in hand 2,893,041 2,740,499
3,580,707 3,376,306
Creditors: amounts falling due
within one year 13 (1,362,553) (1,262,620)
Net current assets 2,218,154 2,113,686
Total assets less current liabilities 2,304,088 2,159,130
Income funds
Restricted funds 16 8,252 3,866
Unrestricted funds 2,295,836 2,155,264
2,304,088 2,159,130
27 Apr 2023

The financial statements were approved by the Board on .........................

Alan Brooks

.............................. Alan Brooks Trustee

Company Registration No. 03469653

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 DECEMBER 2022

Notes
Cash flows from operating activities
Cash generated from operations
20
Investing activities
Purchase of tangible fixed assets
Proceeds on disposal of tangible
fixed assets
Investment income received
Net cash used in investing
activities
Financing activities
Payment of obligations under
finance leases
Net cash used in financing
activities
Net increase in cash and cash
equivalents
Cash and cash equivalents at beginning
of year
Cash and cash equivalents at end of
year		 2022
£
£
264,971
(100,961)
-
11,268
(89,693)
(22,736)
(22,736)
152,542
2,740,499
2,893,041		 2021
£
£
931,147
(26,205)
288
524
(25,393)
(22,838)
(22,838)
882,916
1,857,583
2,740,499

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

Charity information

AbilityNet is a private company limited by guarantee incorporated in England and Wales. The principal address is Microsoft Campus, Thames Valley Park, Reading, RG6 1WG, United Kingdom.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

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

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

1.2 Going concern

The Trustees have satisfied themselves that the restructuring and cost mitigation actions enacted since the Charity learned it was unsuccessful in its collaborative bid to win the DSA tender have significantly reduced costs. Furthermore the Trustees are satisfied that the Charity’s efforts to expand activities in its chargeable services elsewhere will, in the medium term, place the Charity on a firm financial footing. Accordingly, at the time of approving the financial statements, the Trustees have a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available to spend on activities that further any of the purposes of the Charity.

Restricted funds are donations which the donor has specified are to be solely used for particular areas of the Charity’s work or for specific projects being undertaken by the Charity.

FOR THE YEAR ENDED 31 DECEMBER 2022

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

1 Accounting policies

(Continued)

1.4 Incoming resources

All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

Voluntary resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy.

The value of services provided by volunteers has not been included in these financial statements.

Intangible income (such as rent-free accommodation) is included where a third party is bearing the cost of supplying the resources and the resources can be valued with reasonable accuracy.

Investment income is included when receivable.

Incoming resources from charitable trading activities are accounted for when earned.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the Bank.

1.5 Resources expended

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Expenditure on charitable activities includes the costs of the delivery of its activities and services for its beneficiaries.

All support costs are allocated to the one charitable activity of IT solutions for disabled people.

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

(Continued)

1.6 Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as below.

A full year's charge is not accounted for in the year of acquisition. Instead, the depreciation charge is time apportioned based on the month of purchase of the tangible fixed asset.

Assessment assets On a straight line basis over their estimated life of 1-3 years. Office equipment On a straight line basis over their estimated life of 1-3 years

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 net income/(expenditure) for the year.

1.7 Cash and cash equivalents

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.8 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.

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

1.9 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

(Continued)

1.10Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the fair value of the assets at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to net income/(expenditure) for the year so as to produce a constant periodic rate of interest on the remaining balance of the liability.

1.11 Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered and provision for bad and doubtful debts.

Prepayments are valued at the amount prepaid net of any trade discounts due.

1.12Creditors and provisions

Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

1.13Foreign exchange

Transactions denominated in foreign currencies are recorded at the rate ruling at the date of the transaction.

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. All differences are included in net incoming resources.

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the Board are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There were no critical accounting estimates.

3 Voluntary income

Unrestricted
Restricted
funds
funds
2022
2022
£
£
Donations received
50,589
61,627
Intangible income
196,421
-
247,010
61,627		 Total Unrestricted

funds
2022
2021
£
£
112,216
115,287
196,421
124,862
308,637
240,149		 Restricted
funds
2021
£
280,193
-
280,193		 Total
2021
£
395,480
124,862
520,342

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

3
Voluntary income
Unrestricted
Restricted
funds
funds
2022
2022
£
£
Donations
received
The Patrick &
Helena Frost
Foundation
-
-
Access to Work
workplace
contributions
2,861
-
IBM UK Charitable
Trust
-
-
Good Things
Foundation
-
-
Ofenheim &
Cinderford
Charitable Trust
9,000
-
Atkin Foundation
10,000
-
Individual donations
6,911
-
Seeability
3,720
-
Hollick Family
Foundation
-
-
Good-Loop Ltd
6,760
-
Other
11,337
61,627
50,589
61,627		 Total Unrestricted
funds
2022
2021
£
£
-
5,000
2,861
526
-
50,000
-
-
9,000
4,500
10,000
10,000
6,911
5,761
3,720
-
-
5,000
6,760
-
72,964
48,369
112,216
115,287		 (Continued)
Restricted
Total
funds
2021
2021
£
£
-
5,000
-
526
-
50,000
261,500
261,500
-
4,500
-
10,000
-
5,761
-
-
-
5,000
-
-
18,693
67,062
280,193
395,480		 (Continued)
Restricted
Total
funds
2021
2021
£
£
-
5,000
-
526
-
50,000
261,500
261,500
-
4,500
-
10,000
-
5,761
-
-
-
5,000
-
-
18,693
67,062
280,193
395,480
395,480

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

3 Voluntary income

(Continued)

Intangible income comprises primarily free office facilities, software and services as well as equipment.

The donors and the nominal values of their donations were:

Unrestricted
funds
2022
£
Intangible income
Microsoft
26,300
Google
87,621
Free Software
-
Lenovo
82,500
Other
-
196,421		 -
-
-
-
-
-		 Total
2022
£
26,300
87,621
-
82,500
-
196,421		 Unrestricted
funds
2021
£
-
86,953
30,960
-
6,949
124,862		 -
-
-
-
-
-		 Total
2021
£
-
86,953
30,960
-
6,949
124,862

4 Charitable activities

IT solutions
for disabled
people
2022
£
Fees from services provided
5,275,861
Event income
131,931
5,407,792		 IT solutions
for disabled
people
2022
£
Fees from services provided
5,275,861
Event income
131,931
5,407,792		 IT solutions
for disabled
people
2022
£
5,275,861
131,931		 2021
£
5,169,503
191,255
Event income
5,407,792 5,360,758

Event income includes TechShare Pro £131,931 (2021: £159,723) and Tech4Good £nil (2021: £31,532).

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

5 Investments

Unrestricted Unrestricted
funds funds
2022 2021
£ £
Interest receivable 11,268 524

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

6 Charitable activities

Charitable activities
Staff and subcontractor costs
Depreciation and impairment		 2022
£
3,731,682
27,451
177,805
35,204
4,341
263,481
5,582
20,362
19,433
2,839
196,421
62,259
11,176
73,466
108,289
4,119		 2021
£
3,378,783
4,274
223,866
21,883
4,021
213,341
5,552
10,678
2,288
2,209
124,862
54,691
12,820
61,619
134,227
2,933
Equipment and direct project costs
Staff development and recruitment
Professional membership
Rent and rates
Telephone
Motor expenses
Travel and subsistence
Printing and postage
Office facilities and services
Connectivity costs
Miscellaneous expenses
Advertising and PR
Consultancy
Irrecoverable VAT
Share of support costs (see note 7)
Share of governance costs (see note 7)
Analysis by fund
Unrestricted funds
Restricted funds
4,743,910
820,829
18,000		 4,258,047
708,752
14,500
5,582,739 4,981,299
5,525,498
57,241		 4,697,174
284,125
5,582,739 4,981,299

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

7 Support costs

Support costs
Staff and
subcontractor costs
Depreciation
Staff development
and recruitment
Insurance
Bank charges
Netsuite charges
Irrecoverable VAT
Legal and
professional fees
Connectivity costs
Other support costs
Audit fees
Analysed between
Charitable activities		 Support
costs
Governance
costs
£
£
548,493
-
33,020
-
13,914
-
22,380
-
3,107
-
36,982
-
1,038
-
4,912
-
70,964
-
86,019
-
-
18,000
820,829
18,000
820,829
18,000		 2022
£
548,493
33,020
13,914
22,380
3,107
36,982
1,038
4,912
70,964
86,019
18,000
838,829
838,829		 Support
costs
Governance
costs
£
£
492,768
-
35,095
-
20,499
-
18,672
-
4,050
-
24,962
-
2,477
-
2,575
-
46,855
-
60,799
-
-
14,500
708,752
14,500
708,752
14,500		 2021
£
492,768
35,095
20,499
18,672
4,050
24,962
2,477
2,575
46,855
60,799
14,500
723,252
723,252

The Charity identifies all costs associated with its support and governance functions and allocates them entirely to the one charitable activity of IT solutions for disabled people.

Audit fees include £2,500 (2021: £2,000) in respect of assistance with the preparation of the statutory accounts. In addition, fees were paid for the provision of payroll services of £4,200 (2021 £4,246).

8 Board

None of the Board (or any persons connected with them) received any remuneration during the year, and no trustee claimed expenses during the current or prior year.

FOR THE YEAR ENDED 31 DECEMBER 2022

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

9 Pension and other post-retirement benefit commitments

The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund.

Contributions payable by the company for the year were £160,516 (2021: £132,927).

The expense has been allocated to unrestricted expenditure on the same basis as wages and salaries.

10 Employees

The average monthly number of employees during the year was:

IT solutions for disabled people
Support staff
Total
Employment and subcontractor costs
Wages and salaries
Social security costs
Other pension costs
Subcontractor costs		 2022
Number
76
8
84
2022
£
3,201,847
259,041
160,516
3,541,364
738,811
4,280,175		 2021
Number
67
8
75
2021
£
2,595,884
247,879
132,927
2,976,690
894,861
3,871,551

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

(Continued)

10 Employees (Continued) The key management personnel of the Charity comprise the senior management team as detailed in the trustees’ annual report.

Subcontractor costs are now shown separately in note 10 and the comparative figure has been amended.

The total employee benefits including pension contributions and employers National Insurance costs of key management personnel was £678,866 (2021: £630,081). The highest paid member of the senior management team received benefits of £145,456 (2021: £123,610).

The number of employees whose annual remuneration was £60,000 or more were:

£60,000 or more were:
2022 2021
Number Number
£60,000 to £69,999 2 1
£70,000 to £79,999 2 2
£80,000 to £89,999 1 1
£100,000 to £109,999 1 1
£120,000 to £129,999 1 -

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

11 Tangible fixed assets
Assessment Office Total
assets equipment
£ £ £
Cost
At 1 January 2022 153,121 186,765 339,886
Additions 83,819 17,142 100,961
Disposals (45,387) (1,960) (47,347)
At 31 December 2022 191,553 201,947 393,500
Depreciation and impairment
At 1 January 2022 147,579 146,863 294,442
Depreciation charged in the year 27,451 33,020 60,471
Eliminated in respect of disposals (45,387) (1,960) (47,347)
At 31 December 2022 129,643 177,923 307,566
Carrying amount
At 31 December 2022 61,910 24,024 85,934
At 31 December 2021 5,542 39,902 45,444
The net book value of fixed assets held under finance lease at the year end is £11,499
(2021: £26,717).
12 Debtors
2022 2021
Amounts falling due within one year: £ £
Trade debtors 325,904 401,311
Other debtors 49,428 32,587
Prepayments and accrued income 312,334 201,909
687,666 635,807

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

13 Creditors: amounts falling due within one year

13
Creditors: amounts falling due within one year
Obligations under finance leases
14
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
14
Finance lease commitments
Future minimum lease payments due under finance leases:
Within one year		 2022
£
5,153
274,387
73,926
49,192
959,895
1,362,553
2022
£
5,153		 2021
£
27,889
278,794
94,831
46,155
814,951
1,262,620
2021
£
27,889

Finance lease payments represent payments made by the Charity for the acquisition of tangible fixed assets. The term is for 36 months. Payments are made monthly with an effective interest rate of 2.77%

15 Deferred income

Deferred income
2022 2021
£ £
Balance as at 1 January 2021 696,934 840,574
Amount released to income (1,167,763)(1,328,437)
Amount deferred in the year 1,329,558 1,184,797
Balance as at 31 December 2021 858,729 696,934

Deferred income consists of service agreements invoiced in advance of the service being provided. Deferred income forms part of accruals and deferred income in note 14 above.

FOR THE YEAR ENDED 31 DECEMBER 2022

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

16 Restricted funds

The income funds of the charity include restricted funds comprising the following movements on donations and grants given on trust for specific purposes:

Movement in funds in funds Movement in funds
Balance at Incoming Resources Balance at Incoming Resources Balance at
1 January 2021 resources expended 1 January 2022 resources expended 31 December
2022
£ £ £ £ £ £ £
Digital
Lifeline
Project - 261,500 (261,500) - - - -
WCIT 2,824 - (308) 2,516 - - 2,516
IT can help 4,974 - (4,974) - - - -
Other
small
projects - 18,693 (17,343) 1,350 61,627 (57,241) 5,736
7,798 280,193 (284,125) 3,866 61,627 (57,241) 8,252

Digital Lifeline Project was a collaboration between Good Things Foundation (GTF) and AbilityNet. The project was a Department of Culture Media and Sport (DCMS) funded programme to place 5,000 tablets in the hands of digitally disadvantaged individuals with a focus on those with learning disabilities and was managed by GTF. Ability’s role was to deliver specialist assessments, training and delivery support for the devices.

Restricted Grants from WCIT were for use to help fund tech demo days.

Restricted income received in the year for AbilityNet’s IT Can Help service enabled the provision of free IT support to older people and people with disabilities of any age.

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

17
Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
2022
2022
£
£
Fund balances at
31 December
2022 are
represented by:
Tangible assets
85,934
-
Current assets/
(liabilities)
2,209,902
8,252
2,295,836
8,252		 Total
2022
£
85,934
2,218,154
2,304,088		 Unrestricted
funds
2021
£
45,444
2,109,820
2,155,264		 Restricted
funds
2021
£
-
3,866
3,866		 Total
2021
£
45,444
2,113,686
2,159,130

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

18 Operating lease commitments

At the reporting date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2022
£
40,171
183,605
223,776		 2021
£
71,458
23,330
94,788

19 Related party transactions

The related parties during the year were as follows:

Trustees:

M Evason is the representative of IBM and an employee of IBM.

P Jagger is a representative and a Court Assistant of The Information Technologists' Company.

A Brooks is Liveryman of The Information Technologists' Company.

Senior Management Team:

G Moore was Panels Warden of the Information Technologists' Company and became Junior Warden on 5 October 2022. He was a trustee of the WCIT Charity until 21 June 2022 when he resigned.

ABILITYNET (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

20
Cash generated from operations
Surplus for the year
Adjustments for:
Investment income recognised in statement of financial
activities
Depreciation and impairment of tangible fixed assets
Movements in working capital:
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Cash generated from operations
21
Analysis of changes in net funds
At 1 January
2022
£
Cash at bank and in hand
2,740,499
Obligations under finance leases
(27,889)
2,712,610		 2022
2021
£
£
144,958
900,325
(11,268)
(524)
60,471
39,369
(51,859)
98,681
122,669
(106,704)
264,971
931,147
Cash flows At 31 December
2022
£
£
152,542
2,893,041
22,736
(5,153)
175,278
2,887,888