Registered number.. 05594889
Charity number- 1114615
THE TECHSOUP TRUST
FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2022
LUBBOCK FINE LLP
Chartered Accountants
Paternoster House
65 St Paul's Churchyard
London EC4M 8AB

THE TECHSOUP TRUST
A Company Limited by Guarantee)
CONTENTS
Page
Reference and Administrative Details of the Charity. its Trustees and Advisers
Executive Director's Statement
Trustees. Report
4-11
Statement of Trustees. Responsibilities
12
Independent Auditors. Report to the Members of The Techsoup Trust
13-16
Statement of Financial Activities Incorporating Income and Expenditure Account
17
Balance Sheet
18
statement of Cash Flows
19
Notes to the Financial Statements
20-31

THE TECHSOUP TRUST
A Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 30 JUNE 2022
Trustees
C. Armstrong
W. Hoyle
R. Jau¢h
R. Masisak
J. McDermott
Company registered
number
05594889
Charity registered
number
1114615
Registered office
1 Princeton Mews
167-169 London Road
Kingston Upon Thames
Surrey
KT2 6PT
Company secretary
M&N Secretaries Limited
Independent auditors
Lubbock Fine LLP
Chartered Accountants & Statutory Auditors
Paternoster House
65 Sl Paul's Churchyard
London
EC4M 8AB
Bankers
HSBC Bank plc
165 Fleet street
London
EC4A 2DY
Page 1

THE TECHSOUP TRUST
A Company Limited by Guarantee)
EXECUTIVE DIRECTOR'S STATEMENT
FOR THE YEAR ENDED 30 JUNE 2022
The Executive Director presents his statement for the year.
A summary of this yearfs progress
The financial year 2022 IFY 20221 saw The Techsoup Trust ITSTI continue lo grow and mature, through the
wort( we undertake in partnership with our parent Techsoup ITS) and the wider Techsoup Global Network
ITSGNI. In FY 2022, the TSGN delivered more goods, services, and resources lo more civil society
organizalions than ever before. More specifically the TSGN connected 292,000 NGOS in 236 countries and
territories with more than US$2.2 billion in resources. TS'S Validation servI￿s IVSI played a key role in this
impact serving 192,000 of these NGOS, via approximately 300,000 validation check requests. This growing
ntribution of VS lo TS'S overall impact reflects the trend of many cloud-based services being available through
Techsoup via VS, and emphasises the Importance of the digital Iransformalion processes that civil society
globally now is adopting.
TST'S team remained remote working, enabling us to continue lo deliver all our services, and indeed expand and
adapt to deliver lo the ever-evolving needs of the sector whilst adding more key staff lo broaden our Capabilities.
This year we have seen new skills added lo the team as we recruited a user interfaceluser experience IUIIUXI
expert lo drive the design of our new membership offer Quad, and a business operations lead to support the
delivery of TS programs across the TSGN.
Highlights of TST'S contribution both lo TSGN'S global Impact and lo our own mission, Include the following key
programme achievements and roles within them, demonstrating both the range and scale of the impact of TST'S
staff..
Collectively through our global network, our VS now connect reSoU￿S from 58 clients, of which 13 are
contracted directly lo TST, with TST staff co-leading this key service stream as well as working within a
global customer accounts team finding and adding new clients.
Ts's strategic partner Benevity drove substantial growth in their international employee giving and
volunteering services. TS helped Benevily achieve this growth by enabling the social responsibility
programmes Benevity serve to connect with NGOS all over the worfd via TS'S validation SerVi￿s. TST staff
have the key role here of jointly managing this strategic partnership with TS colleagues.
Working with the TS U.S.-based NGOsource team, and in close collabootion with the Techsoup Asia and
Africa teams, TST staff jointly managed the evolution of the Strengthening and Tiered Evaluation Process
ISTEPI, including piloting the setvice and forming new partnerships. An additional focus this year has been
the design of an organizational strengthening portal for STEP, giving NGOS undertaking STEP access to
resources lo increase their skills and maturity across a range of pro￿sses.
TST staff led the re-engineering of Ts's NGOsource services, using the Co-operative Technology Platfomi's
ICTPI capabilities, resulting in a new NGO portal and admin processes improving the userjoLJrney.
TST staff played key roles in the progmm management and UIIUX design of Techsoup's new membership
offer Quad, which was launched in February 2022 to reach, educate and engage more NGO communities.
The Russian invasion of Ukraine provided an urgency lo our support of our partners and NGOS in the region.
TST staff worked closely with the TSGN to support groups that were helping internally diSpla￿d persons
and refugees who crossed the borders into Poland, Romania, Moldova, and the Czech Republic and
continue to move across Europe.
TST staff performed these key roles on these programmes not in isolation, but working with TS, Fundacja
Techsoup IFTSI, and TSGN partner staff, in truly global remote working teams.
Page 2

THE TECHSOUP TRUST
A Company Limited by Guarantee)
EXECUTIVE DIRECTOR'S STATEMENT ICONTINUEDI
FOR THE YEAR ENDED 30 JUNE 2022
As in previous years, underpinning all these programmes remains our investment in our Global Data Setvices
IGDSI and the quality of our data
a continual and expanding scope of work, with us now holding data across a
community of more than 1.4 million NGOS across 236 countries and territories. Without this data TS could not
have delivered the approximately 300,000 validation requests that TS performed last year alone. Similar
fvndamenlal is the development of our CTP - which is now the foundation for our existing VS and is expanding
lo form the basis of other key servi￿$ like NGosour￿. Finally, the investment in support of our TSGN
management and associated plattorms is the other pillar that our delivery depends upon and ensures that TSGN
can act locally and impact globally. The alignment of these areas of work, and the CTP'S increasing mobilisalion
across ever more of our operations, is al the basis of our strategy to best serve the sector.
Looking Forward
In the year ahead, we In TST will continue lo work with our TS and FTS colleagues, and the TSGN, to further
expand our impact lo the sector. Through increasingly diverse and impaclful global data-based services and the
wider range of services, the CTP will continue lo underpin the support and impact of our partner network. The
new membership service Quad will evolve and grow as il supports communities of NGOS more holistically, with
both reSoUr￿S and community engagement.
Looking forward Into FY 2023, we expect the support of the rollout of a new NGOsource NGO portal re-
engineered on CTP components, the further piloting and go-to-markel of STEP and its resource portal, and the
continued evolution of the TSGN Marketpla￿ as key initiatives taking us forward.
All this is alongside the continued growth of the core VS as we, together with TS colleagues look to build upon
the 58 donors and suppliers we have already reached and strive lo add many more, connecting even more
NGOS lo key services and resour￿$.
Finally, we would
once again
like to thank all the contributors, collaborators, and supporters who have
continued to trust us with their programmes, funds, and b.me lo make an impact for the sector. As a￿aYs, we,
like to hear from all of you with any questions, comments, ideas, or indeed partnering opportunities lo enable us
lo continue to realise our objectives and benefit the sector.
Yours sincerely,
Paul Van Haver,
Executive Director
Dale..23 March 2023
Page 3

THE TECHSOUP TRUST
A Company Limited by Guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 30 JUNE 2022
PRINCIPAL ACHIEVEMENTS FOR THE YEAR ENDING 30 JUNE 2022
The trustees (who are also directors for the purF)oses of company 18wI present their annual report, which
includes the directors, report, together with the audited fi'nancial statements for the year that ended 30 June
2022. The Iruslees confirm that the annual report and financial statements of the charitable company eomply
with the curonl statutory requirements, the requirements of the charitable company's governing document, and
the provisions of the recommended pfftclice ISORPI, applicable lo charities preparing their accounts in
accordance with the financi81 reporting standard 8pplieable in the U.K. and Republic of Ireland IFRS 1021.
As in previous years, the TST team has continued lo work with our U.S.-based parent organis8tion TS, and our
TSGN partners, across five main streams of work, with the work evolving as we progress in our aims lo increase
our impact. We continue to build on the work from previous years with the ongoing expansion of validation
services to more providers and with the evolution of a range of services that enable the digital Iransformalion of
our work and empower our Global Data Services. The five complementsry work streams also ensure that we
continue to increase our impact and benefit lo the sector whilst maintaining our, and all our partners,, financial
sustainability.
Specific roles of TST'S staff have expanded this year. These include, but are not limited to, the following areas..
Co-leading the technical architecture and improvement of operational processes of the CTP, delivering
solutions across Global Data Services,. Including validation services and developing a new NGO portal for
our NGOsource service
Providing programme executive sponsorship and programme govern8nce across key programmes e.g., for
NGOsource restructuring and TS'S new subscription offer Quad
Key UIIUX design work on TS'S new membership offer Quad
Co-managing the evolution of our STEP due diligen￿ framework including managing training for the STEP
Framework
Leading the team working across GDS and supporting teams undertaking NGO data quality improvements
and projects looking to expand and Improve our data on NGOS
Overseeing the delivery of VS, providing contract development, project management, and operations
support to TS'S product director
Managing, training, and supporting TSGN staff in the rollout of new and evolving global services., lo ensure
their suc￿Ssful uptake by NGOS le.g., the Microsoft Cloud ICSPI programmel
Proactively monitoring and supporting global plattorms, infrastructure, helping ensure their 24171365
availability
The details that follow illuslrale our achievements over FY 2022 and frame our goals for the year ahead, giving
context around key decisions and our current focus. To recap, these are the five key areas of work we continue
lo progress as in previous years..
1. VS.. Connecting more NGOS with new technologies and other transformative resources lo push NGOS,
missions fotward and develop new due diligence frameworks for the sector
2. Building the basis for a nexl-generation Techsoup Marketplace, whilst enhancing delivery of key data
serVI￿S using our CTP
3. Continuing lo invest in the quality and breadth of the NGO data we rely upon to deliver our Global Data
Services
4. Supporting the Guidestar India platform
5. Engaging, enabling, and supporting our TSGN partners in delivering global offers to their local NGOS
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THE TECHSOUP TRUST
A Company Limited by Guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 30 JUNE 2022
1. VS- Conneeting more NGOS with new teehnologies and other transformative re$ouree$ to push NGOS.
missions forward and develop new due diligence frameworks for the Sector
Techsoup's VS helps deliver technology products and services to the non-profit sector by validating NGOS in
236 countries and territories for our partners, social impact, corporate social responsibility ICSRI, and
philanthropy programs Isee https.1lpage.techsoup.orglvalidalion-servicesl. In FY 2022, VS check requests
ached just under 300,000 from NGOS requesting donor offers in 236 territories and countries and VS served
192,000 unique NGOS in the financial year. Together with existing cliènts including Microsoft, Google for
Nonprofits Okta, Airbnb, PayPal, Benevity, and many others - VS now sèrves a total of 58 clients.
Although this financial year TST lost customers, with Sage Foundats'on and Flixbus leaving, we continued to
grow our customer base in the UK adding four new customers contracting direclly via TST, tsking the total
directly contracted VS customers to TST to 13.
In FY 2022, TS expanded its work on STEP (see detsils of this service at https'.Ilslep.techsoup.orgl with the
team continuing lo work closely with partners in Africa to engage with capacity-building organizations, funders
and NGOS that will be the ultimate users of the service lo ensure il meets their needs. This financial year the
TST members ofthe STEP team trained 14 staff from Phambano, KCDF, WACSI and Techsoup Asia Pacific as
evaluators for the STEP Framework. In doing this the team created a sel of training materials for future use. We
then conducted evaluations on 12 CSOS in Kenya, Ghana, Liberia, Nigeria, South Africa, Indonesia, and the
United Slates.
Furthermore, the TST members of the STEP team researched options for a new capacity building resource
portal" to support STEP and determined that the Circle product which was being configured for TS'S Quad
membership offer (see section 2 below) was the best solution. The team developed scoping documentation to
build a pilot phase in the next financial year based on this product. As a part of the portal design, the STEP team
identified a foundational set of key resources (on-line courses, guidance, templates, videosl and developed a sel
of risk management and safeguarding guidance materials and policy templates in collaboration with Safer Edge.
STEP could not have achieved this all without the funding TS received and are particularly grateful for the
support of the Conrad J Hilton Foundation whose support will enable the expansion of the programme.
Next year STEP will aim to conduct a pilot phase for the resource portal with NGOS, funders and subject maller
experts and we will lead the creation and execution of a "go lo market" plan with TSGN partners.
In summary, TST'S staff continue lo play a leading role in the development and management of GDS across a
range of validation setvices, working in globally distributed teams, hand in hand with our parent TS and the
TSGN.
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THE TECHSOUP TRUST
A Company Limited by Guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 30 JUNE 2022
2. Building the basis for a next4Jeneration Techsoup Marketplace, whilst enhaneing delivery of key data
services using our CTP
In FY 2022, the TST-based members of the CTP team focused on developing two key aspects of TS p18tforms.
Improving operational management
Enhancement of existing due diligen￿ services in NGOsource.
On that first aspect, the CTP team continued work on authentication and identity, using identity to build
applications lo enable operational tasks for VS to be undertaken in a self-service way by operational staff. This
will Improve data cleansing and operations making the VS team less dependent on technical staff. This year the
CTP team also moved the core data store to high availability cluster, allowing for better scalability and stability.
Forward looking and as a part of our data design work the CTP team started to focus on the creation of a master
data management strategy.
NGOsource is an NGO equivalency delemiination service that enables U.S. granlmakers to streamline and save
in their International giving. Since the service was launched in 2013, TS has supported Il by ulilizing TS'S legacy
technology. Now, via a new NGO portal developed by the CTP team, the service will benefit from an enhanced
user journey. The CTP team have also added new language capabilities and are now able lo serve NGOS in
English, Chinese Istandardl, French, Portuguese, and Spanish. German and Hebrew are planned for the next
financial year. The NG0Sour￿ team in collaboration with the CTP team have also worked on creating a sel of
application programming Interfaces IAPlsl lo allow for funders to directly integrate NGO and ED data into their
own systems. Pilots are planned for the next financial year with a few selected funders lo trial these new APIS.
In addition, as part of our marketplace evolution, our new membership offer launched in February 2022 with a
product named Quad. Quad offers dedicated community spaces, support from experts in the field, and additional
cost savings benefits. Through this paid membership, Quad supports organizations with their digital
Iransfomialion and helps them adopt technology in meaningful ways. Quad provides a platform for NGO
members to inleracl with peers, attend events, share solutions, and gain access to the technology tools,
services, and training they need.
Quad exemplifies Techsoup's shift lo more fully supporting organizations as they adopt technology produ¢ls and
expand how they use and maximize these solutions in meaningful, mission-spe¢ific ways. Quad launched with a
focus on organizations that provide meal, pantry, and food bank services in their communities. Based on Ts's
knowledge of the needs of organizations that address food security on the ground (see
https'.Ilyearinreview.lechsoup.orglhighlighls#food-security-engagementl, Quad focuses on the ways these
organizalions could use technology to accelerate their ability lo meet community needs. Overtime, Quad
members will build powerful connections with their peers to gel advice, share best practi￿s, and re￿1ve the
inspiration and encouragement needed to keep moving forward. So far, Quad has launched in the U.S.,
Portugal, and South Africa, and in FY 2023 Quad is looking to expand to serve new geographic regions as well
as many other Communities of purpose and of practice.
TS will also aim lo leverage a version of the tools and processes it has developed as part of Quad to provide a
resource portal and community plafform for the STEP programme las noted previously). The Cross use of tools
here Is a good example of how we across TS, TSGN and TST are aligning approaches and leveraging solutions
that we develop across multiple strategic programs. TST team members are central to Quad's progress with
TST staff leading the projert management on Quad, leading user and customer experience design, and
managing the technical configuration of the new community services tools we have rolled OUL
Last but not least, TST with our partners have progressed the Butterfiy Inilialive,, whose aim is to design and
build data services that allow the creation of a self-service F)Ortal for German NGOS to use. Over the financial
year the UIIUX for the portal was developed aiming to make it easy for NGOS to register and deepen their data
profiles, by adding Ifundablel project details and bank account details. This deepening of data profiles will
increase the market value of the data TS and the TSGN hold on external parties, allowing for more resources to
flow into the sector. A pilot application was constructed with the help of a third party. In the next financial year we
will look lo produclionise and integrate this application.
Page 6

THE TECHSOUP TRUST
A Company Limited by Guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 30 JUNE 2022
3. Continuing to invest in the quality and breadth of the NGO data we rety upon to deliver our Global
Data Services IGDSI
The breadth, accur8Cy, and credibility of our NGO data underpins the services TS offers to customers around
the world and our interactions with them. TST staff within the GDS tèam continue lo lead a global data services
team focused on monitoring and improving data quality and broadening NGO datasets.
This financial year the GDS team have Continued to ensure TS'S NGO data Capture specifications, which drive
validation, remain in line with changes in TS'S localized èligibility definitions ILEDS). This has dèlivered updates
for Colombia, Georgia, Mexico, Singapore and South Africa. We will continue ongoing maintenance of these
specifications over the coming financial year.
The GDS team also piloted, in collaboration with the TSGN, a new process for automated cleaning-up of dats for
10 countries (Brazil, Colombia, Denmark, Mexico, New Zealand, Portugal, South Africa, Spain, Tanzania and
Togol and we will continue to lead and refine and expand the pilot next year.
Furthemiore, as well as the GDS team's ongoing continual monitoring of data quality and improvement of data
management based on any trends and issues we uncover, the team instigated a project lo review the process of
capturing legal identifiers of NGOS a key data point. TST staff within GDS led this work and collaborated with
the Global Eligibility Team to create recommendations on how to improve the input form flow for legal identifiers,
thereby improving the NGO user experience and the quality of data coming into TS systems. Next year the GDS
team will review those recommendations with TS leadership, with a view to pilots'ng a new process to manage
this in a selected set of countries.
4. Supportlng the Guldestar Indla platform
With the retiring of other Guidestar International platforms in previous years, we have narrowed efforts in this
area to maintaining the directory platform the GDS team developed with Guideslar India. This solution continues
lo provide a robust plattorm, enabling membership numbers in India to rise from 10,803 to 11,294 in the financial
year. This platform continues lo be a key tool in educating the public as lo the registered NGOS. work and
promoting their causes and endeavours in India.
S. Engaging. enabling. and supporting our TSGN partners in delivering global offers to their local NGOS
TS and TST continue lo invest in resourcing the support of the TSGN al both the program and the partner level.
In Pf 2022, the TSGN team expanded lo include a business operations resour￿ hired by TST. The core focus
of this new role is on operationalizing the delivery and capability that supports TSGN partners in successful
delivery. This resource works in collaboration with the TST leadership team and key members across our
enterprise and neI￿Ork including FTS, TS, and TS'S regional centres focusing on evolving the TSGN'S operating
model, giving more visibility lo our ne￿Ork of partners on platform feature requests and updates.
In FY 2022, the Russian invasion of Ukraine provided an urgency lo our support of TSGN and NGOS. TST
senior staff worked actively with the TSGN to support the groups that were helping internally diSpla￿d persons
and refugees who crossed the borders into Poland, Romania, Moldova, and the Czech Republic and continue to
move across Europe.
For FY 2022, TS has seen the need for training and knowledge base areas with TSGN deepen. To support this
need, TS has invested and widened the focus areas of training, with our TST based team member enabling this
by broadening its role lo have a more global scope of responsibility. The key training focus has continued lo be
on helping TSGN partners adopt functions, processes, and platforms that enable local NGOS access lo the
technology solutions they need to be more effective and efficient. One major change In FY 2022 was In providing
training lo partners lo understand and support the changes to the Microsoft donated and discounted offers
available on their platforms. This aligned with this resource's continued focus on updating documentation and
training resources to support this as well as other changes like the platform migration work that finished in FY
2022.
Page 7

THE TECHSOUP TRUST
A Company Limited by Guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 30 JUNE 2022
For FY 2023, the TST lead will build on the critical training and knowledge documentation on new programs le.g.
Adobe Expressl that they have started on this financial year, as well as expanding recurring meetings with TSGN
partners to support their needs. The training team has launched new recurring meetings with TSGN partners in
the Asia-Pacific region and plan on launching 8 similar set of meetings in the Americas. The training team are
81so providing partners with training and data on how to best track their NGO data.
In addition lo the TSGN programme support above, TSGN servicès continue to benefit from TST'S infraslruclure
engineer, meaning that in our European region we have a technical resource who can monitor and support the
core infraslruclure that supports many of these global offers for the TSGN, working with Ts-based U.S.
infrastructure teams to ensure a more effective 24171365 support service.
In FY 2023, from a TSGN support perspective we will be assessing and evolving our resources and strategic
focus for our TST based resources, to continue to best support our partner ne￿Ork as the TSGN Marketplace
continues to evolve.
To summarise, by working across all these five streams of work, we continue to drive to, and meet, TST'S
incorporated objectives through this ever-expanding, bul closely integrated body of work. TST'S objectives
Istsled as 'Objecls' in our articlesl are reststed below. The trustees have given them careful consideration in
relation to the Charity Commission's guidan￿ on public benefit.
The Techsoup Trust Objects..
To advance education in all aspects of charities and voluntary organisalions throughout the world, including
Ibul not limited lol their activities. regulation, and systems of organisation
To promote charity and charitable endeavours
To promote the voluntary sector for the benefit of the public
To promote efficiency and effectiveness of charities
By (amongst other things) encouraging the establishment of inlemalional, national. regional, or local civil society
organisalions to develop and maintain publicly available databases about the acb"vilies and finances of charities
established in particular jurisdictions.
FINANCIAL REVIEW
Introduetion
During the year, TST was, and continues lo be, reliant upon the financial support of its parent TS. With such
support, the charitable company is in a ￿latiVelY strong financial position, with TS'S financials continuing to
main strong (see details at https."Ilyearinreview.leehsoup.orglfinancialsl.
The TST has seen a reduction in the Validation Services ￿venue contracted directly to donors from £109,701 to
£98,384. This was due to the combination of the following factors." the loss of Sage and Flixbus as customers",
the continued lower activity within our remaining travel-based offers," and the impact of exchange rate
fluclualions. TST has though increased its the number of VS customers from 10 10 13. 11 should be noted that
overall, with US based TS revenue considered, Validation Services revenue did increase in total in FY 2022. In
FY 2023, we will aim to increase Validation Services revenue for TST by 100/0, 10 £108,000, via the addition of
new offers from new donors and growth in Cur￿n1 offers.
As expected, we continue to not experience any impact or changes to our operations or financial stability due to
Brexit in FY 2022. The VAT treatment of our validation-service-based offerings and contracts has not changed
with Brexit le.g., remain zero-raled for our European cuslomersl. If VAT rates were to change with any future
changes due lo Brexit, such changes would be immediately enforceable via our contracts, temis and conditions.
We also have no major supplier contracts for operational services to TST with any European-based enlilies.
Page 8

THE TECHSOUP TRUST
A Company Limited by Guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 30 JUNE 2022
In addition lo tracking our budget and monitoring our overall financial targets (see below), we eonlinue lo work
closely with TS to monitor our progress against a variety of key performance indicators IKPlsl covering both
financi81 he81th indicators and measures of our impact to the sector. Throughout the year, we monitor a
dashboard showing progress against targets we jointly set with TS. Key examples of these metrics are the
numbèr of NGOS we connect resources lo, their global coverage, and the number of Validation Setvices clients
and associated revenue. Specific targets are jointly sel each year and tracked along with overall budgèts and
financial targets in the management and governance meetings detailed bèlow. For example in FY 2022, TS with
the TSGN connected 292,000 NGOS in 236 countries and territories with more than US$2.2 billion in resources
Isee summary at https."Ilyearinreview.lechsoup.orglimpactl. TSTS work was fundamental in helping deliver this
impact through the work of the team documented in this report. Examples are by directly securing new VS
donorlsuppliers, ensuring the scalability of NGOsource or in helping the TSGN lo deliver services to NGOS
globally.
Factors Ilkety to affect future flnanclal perfomiance or posltlon
The financial stability of our U.S. parent TS, as our main source of funds, is a key factor, and TS remains stable
as per the details outlined in this report. Each year, Ts's ongoing ability to support TST is confirmed in a leller of
support submilled along with our accounts. TS and TST budgets are sel simultaneously to ensure that this
support can be met. TS and TST management teams meet weekly lo review finances and progress against
budgets and discuss actions needed to meet goals. We continue lo have income directly from organisations
based in Europe for the validation services we have developed with TS. This continued lo give TST a direct
source of income and continued lo reduce TST'S dependen￿ on TS for funds and to improve our sustainability.
An organisational priority is to continue to grow these services and develop this revenue stream, thereby earning
a recurring return on the investment we made when we developed the tools that underpin these services.
Prlnelpal fundlng sourees and how they support key obJectlves
We now have three potential sources of income lo support all the streams of work outlined in this report, with the
balance of income be￿een them evolving from year lo year. The three sources are grants from TS to operate,
grants from other partners and customers lo deliver specific projects, and direct revenue from Validation
Services customers in Europe. In FY 2022, we only used tsvo of these SoUr￿s, grants from TS to operate and
revenue from Validation Services.
Financial reserves management
Our main source of funds, as outlined previously, remains TS and the funds it provides. Funds are provided by
TS as required in order to operate against budgets set annually.
TS and TST management staff meet weekly to review current bills and finances, as well as cash reserves, which
TST aims lo maintain al approximately to three months, worth of operating costs. When TST'S cash reserve
goes below this threshold, TST management address any immediate risks and agree with TS about the earliest
possible transfer of additional funds. Al the financial year-end, unrestricted cash reserves lotaled £389,679, and
unreslricled reserves lotaled £328,701, which management believe are sufficient lo cover the reserves policy
outlined above. TST will continue lo watch this metric closely and ensure that we manage cash efficiently with
our parent organisation.
STRUCTURE. GOVERNANCE. AND MANAGEMENT
Context and key relationship with Techsoup
TST was incorporated on 17 October 2005 and is governed by its articles of association as amended 23 March
2010. TST registered as a charity in England and Wales on 9 June 2006.
TST is governed through a proven and resilient set of slruclures, engaging our board of trustees and our
management team, down lo the leaders of the individual teams and staff. Our "members" ITS and the CEO and
board member of TS, Rebecca Masisak- see the organisalional structure section that follows for more details)
are in charge of making changes to our charitable constitution or board of Iruslees.
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THE TECHSOUP TRUST
A Company Limited by Guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 30 JUNE 2022
Fundamental to this structure is TST'S relationship with our parent organisation TS, a U.S.-based NGO (see
more details at meet.techsoup.orgl. We work closely with TS leadership lo ensure that our goals are aligned and
then manage delivery of our objectives and mission in partnership. TST retains its own identity and
sponsibilities as a U.K.-based Charity and ensu￿$ its ability to meet all reporting obligations to Companies
House, the Charity Commission, and HMRC by having locally based experts on the board and also by retaining a
U.K.-based legal secretary, U.K.-based bookkeepèr, and U.K.- based auditor who are experts in U.K. ￿gUlationS
and compliance needs.
Relationships with other key parties with whom TST cooperates to deliver our mission-based objectives
Other organisalions of note that TST works with are the partner organisalions that make up the TSGN. This is a
group of approximately 60 mission-aligned NGOS across the wodd that work together to deliver a suite of global
services, educational assets, technology tools, and other resources to NGOS.
In addition, we continue lo work with Fundacja Techsoup (based in Polandl,. on numerous projects
from
running elements of our validation services, to training TSGN partners lo run global programmes, lo co-hosting
workshops and conferences on NGO capacity building, NGO digitsl Iransformalion, and NGO transparency and
accountability.
We have also worked closely with the TSGN member Guideslar India (w￿.gUideStarlndIa.or9l lo develop and
maintain a directory platform that provides transparency of key NGO organisational details in that country and
offers services needed by Indian NGOS.
Oryanlsatlonal strueture and governance processes overvlew
TST'S governance is based on tiers of control and reporting. The below lists key responsibilities and operational
processes at various levels of governance within TST and detsils how these tiers effectively interact, oversee,
and manage TST'S activities.
The Techsou
Trust members
Techsoup and Rebecca Masisak Iwho is TS'S CEO and a board member of TSI
This most senior level of governance has ultimate control over TST, approving TST'S annual report, approving
the auditorfs appointment and appropriate remuneration, appointing trustees, and approving any significant
change to TST'S 'Articles of Incorporation"
The Techsou
Trust's board of trustees
TST'S board consists of proven experts across finan￿, the NGO sector in the U.K., the wider TSGN we are
members of, and the subject and domain areas required to achieve our mission and objectives. The board
meets multiple times a year including annually lo review and approve TST'S annual report and associated
documentation and lo reaffi'rm support from TS. New trustees are briefed on their legal obligations under charity
and company law, the conlenl of the memorandum and articles of association, the board, decision-making
pro￿sses, the business plan, and the recent fi'nancial performance of the charitable company.
TST'S budget is approved by TS each year as part of the broader TS budget review and approval cycle, and a
letter of support is provided by TS al that time confirming Ts's ability and intention lo continue lo provide funds to
TST.
The board is kept updated as to progress against objectives with monthly reports from our executive director
Ithese reports are also shared with other stakeholders, including TS leadership). The board meets al least twi
a year to review progress against objectives, ratify our financial position, provide advi￿ and direction on key
matters, and, In one of these meetings, to approve the annual report and accounts. In addition, TST leadership
would also seek an eX￿ptIOnal board meeting lo review any financial, reputational, or major delivery risks to
TST. Through these reporting and governan￿ processes, significant risks can be raised by the TST
management team, and mitigations can be confirmed with trustees.
Page 10

THE TECHSOUP TRUST
A Company Limited by Guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 30 JUNE 2022
In addition, these processes all()w the trustees to raise concems about any risks they foresee in a timely and
proactive manner.
John McDermott, a member of the board and Ts's vice president of finance, meets weekly with TST leadership
members to review day-lo-day financial opemtions
tracking cash flow and reserves, operational financial
payments, and legislative reporting requirements Iquarterly VAT returns, annual audits, elc.).
The Techsou
Trust leadershi
TST'S executive director, Paul van Haver, and the senior director, Jonathan Toomer, meet weekly to review
delivery against objectives, finances, and also any other day-lo-day management issues within the organisalion.
External audit and oversi
ht
TST has retained both a legal secretsry IM&N Group Limited) and a U.K. auditor ILubbock Fine LLPI to ensure
compliance with U.K. company and charity laws and best practices. TST also has a U.K.-based bookkeeper
ITrayler Lane), who ensures that all bills are entered and administered and who manages payroll, with the
support and oversight of experienced TS specialist fi'nancial staff.
Remuneratlon management
As TST is a small organisation of approximately 16 staff, we look lo our parent TS to assist us with People &
Culture IP&CI management functions and specific P&C processes such as staffing reviews and pay
assessments.
TST follows the same employee review processes as TS (which has approximately 300 staffj. Pay reviews have
formed part of these processes, and any change in staff remuneration is based on a combination of performan
assessments, any promotion or change of duties during the period, and a review of external market factors (such
as inflation rates and global pay rates for specific skills), balanced against overall TS financial results. Pay and
promotions are proposed upon review of these factors by department leads in conjunction with the TS People &
Culture department and ultimately approved by the TS CEO Irepresenling TST'S members, intereslsl.
DISCLOSURE OF INFORMATION TO AUDITORS
Each of the persons who are trustees at the lime when this trustees. report is approved has confimied that..
so far as that trustee is aware, there is no relevant audit information of which the charitable company's
auditors are unaware,. and
that trustee has taken all the steps that ought to have been taken as a Iruslee in order to be aware of any
relevant audit information and to establish that the charitable company's auditors are aware of that
information.
In preparing this report, the Iruslees have taken advantage of the small companies, exemptions provided by
section 415A of the Companies Act 2006.
This report was approved by the Iruslees and signed on its behalf.
John McDermott
Trustee
Vice President of Finance, Techsoup
Dale.. 23 March 2023
Page11

THE TECHSOUP TRUST
A Company Limited by Guarantee)
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 30 JUNE 2022
The trustees (who are also the directors of the charity for the purposes of company lawl are osponsible for
preparing the Trustees, Report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel.
Company law requires the Iruslees to prepare financial statements for each financial year. Under company law,
the trustees must not approve the financial statèments unless they are satisfied that they give a true and fair view
of the stale of affairs of the charity and of ils incoming resources and application of resources, including its
income and expenditu￿, for that period. In preparing these financial ststements, the trustees are reqUI￿d lo".
select suitable accounting policies and then apply them consistenlly.,
observe the methods and principles of the Charities SORP IFRS 1021.,
make judgments and accounting estimates that are reasonable and prudent.,
stale whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material
departures disclosed and explained in the financial slalemenls.,
prepare the financial statements on the going concem basis unless Il Is Inappropriate lo presume that the
charity will continue in business.
The Iruslees are responsible for keeping adequate accounting records that are sufticienl lo show and explain the
charity's transactions and disclose with reasonable accuracy al any time the financial position of the charity and
enable them to ensure that the financial slalements 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.
Page 12

THE TECHSOUP TRUST
IA Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE TECHSOUP TRUST
FOR THE YEAR ENOED 30 JUNE 2022
Opinion
We have audited the financial statements of The Techsoup Trust (the 'charity'l for the year ended 30 June 2022
which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the
related notes, 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, including
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland, (United Kingdom Generally Accepted Accounting Praclicel.
In our opinion the financial statements.
give a true and fair view of the stale of the charitable company's affairs as at 30 June 2022 and of its
incoming resources and application of resources, including ils income and expenditLJre for the year then
ended",
have been propedy prepared in accordance with United Kingdom Generally Accepted Accounting
Practice,. and
have been prepared in accordance with the requirements of the Companies Act 2006.
8asls for oplnlon
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are further described in the Auditors. responsibilities for the audit
of the financial slalemenls section of our report. We are independent of the charitable company in accordan
with the ethical requirements that are relevant lo our audit of the financial statements in the United Kingdom,
including the Financial Reporting Council's Ethical Stsndard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit eviden￿ we have obtained is
sufficient and appropriate to provide a basis for our opinion.
Coneluslons relatlng to golng concem
In auditing the financial ststemenls, we have concluded that the Iruslees. 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 Un￿rtaIntieS relating lo events or
conditions that, individually or collectively, may cast significant doubl on the charitable company's ability to
continue as a going concern for a period of at least I￿e1ve months from when the financial slalements are
aulhorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the
relevant sections of this report.
Page 13

THE TECHSOUP TRUST
A Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE TECHSOUP TRUST ICONTINUEDI
FOR THE YEAR ENDED 30 JUNE 2022
other information
The other information comprises the information included in the Annual Report other than the financial
statements and our Auditors. Report thereon. The Iruslees 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 lo the exlenl otherwise explicitly slated in our report, we do not express any form of assurance conclusion
Ihereon. Our responsibility is lo read the other information and, in doing so, consider whether the other
information is materially inconsislenl with the financial statements or our knowledge obtained in the course of the
audit, or otherwise appears lo be materially misstated. If we identify such material inconsistencies or apparent
material misslalements, we are required lo determine whether this gives rise lo a material misslatemenl in the
financial statements themselves. If, based on the work we have performed, we conclude that there is a material
misslalement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other mattgrs prgscribgd by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Trustees. Report for the financial year for which the financial slalements are
prepared is consislenl with the financial slalements.
the Trustees, Report has been prepared in awordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charitable company and Ils environment obtained in the
course of the audit, we have not identified material misstalemenls In the Trustees, Report.
We have nothing to report in respect of the following matters in relation lo which Companies Act 2006 requires
us to report lo 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 retums., or
certain disclosures of trustees, remuneration specified by law are not made, or
we have not received all the infomialion and explanations we require for our audit., or
the trustees were not entitled lo prepare the financial statements in accordance with the small companies
regime and take advantsge of the small companies, exemptions in preparing the Trustees. Report and
trom the requirement lo prepare a Strategic Report.
Responsibilities of trustees
As explained more fully in the Iruslees, Responsibilities Ststemenl, the Iruslees (who are also the directors of the
charitsble company for the purposes of company lawl 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 charitable company's ability
lo continue as a going concern, disclosing, as applicable, mallers related lo going concern and using the going
GOn￿M basis of accounting unless the trustees either intend to liquidate the charitable company or to ￿ase
operations, or have no realistic alternative bul to do so.
Page 14

THE TECHSOUP TRUST
A Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE TECHSOUP TRUST ICONTINUEDI
FOR THE YEAR ENDED 30 JUNE 2022
Auditors. responsibilities for the audit of the financial statements
Our objectives are lo obtain reasonable assurance about whether the financial slalements as a whole are tree
from material misslalement, whether due to fraud or error, and to issue an Auditors, Report that includes our
opinion. Reasonable assuran￿ is a high level of assuran￿, but is not a guarantee that an audit conducted in
accordance with ISAS IUKI will a￿ayS detect a material misslalement when il exists. Misstalemenls can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected lo influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, induding fraud, are Instances of non-complian￿ with laws and r￿ulations. We design procedures
in line with our responsibilities, outlined above, lo delecl material misstatements in respect of irregularities,
including fraud. The extent lo which our procedures are capable of detecting irregularities, Including traud is
detailed below..
In identifying and assessing risks of material misslalemenl in respect of irregularities, including fraud and non-
compliance with laws and regulations, we considered the following.
Enquiries of management, including obtaining and reviewing supporting documentation, concerning the
charity's policies and prO￿dureS relating to..
identifying, evaluating and complying with laws and regulations and whether they were aware of any
instances of non-compliance.,
detecting and responding lo the risks of fraud and whether they have knowledge of any actual,
suspected or alleged fraud., and
the inlemal controls established to mitigate risks related lo fraud or non-complianTr of laws and
regulations.
Discussions among the engagement team regarding how and where ffftud might occur in the financial
statements and any potential indicators of fraud. The engagement team includes audit partners and staff
who have extensive experience of working with charities in similar sectors and this experien￿ was relevant
to the discussion about where fraud risks might arise.
We also obtained an understanding of the legal and regulatory framework that the charity operates in, focusing
on provisions of those laws and regulations that had direct effect on the determination of material amounts and
disclosures in the financial slatemenls. The key laws and regulations we considered in this context included the
UK Companies Act, Charities SORP 2019 and FRS 102.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the
financial statements bul compliance with which may be fundamental lo the charity's ability to operate or to avoid
a material penalty.
As a result of these procedures, we considered the particular areas that were susceptible to misstalemenl due to
irregularity, including fraud were in respect of revenue recognition and management override. Our prO￿dureS to
respond lo risks identified included the following..
Reviewing the financial statement disclosures and testing lo supporting documentation lo assess complian
with provisions of ￿levant laws and regulations described as having a direct effect on the financial
statements.,
Enquiring of management concerning actual and potential litigation and claims.,
Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks
of material misstalemenl due to fraud.,
Reading minutes of meetings of those Charged with governance.,
Reviewing income recognition on a sample basis to identify any CLJt off errors or the incOr￿Cl recognition and
classification of contract income,
Page 15

THE TECHSOUP TRUST
A Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE TECHSOUP TRUST ICONTINUEDI
FOR THE YEAR ENDED 30 JUNE 2022
In addressing the risk of fraud throLJgh management override of controls, lesling the appropriateness of
journal entries and other adjustments," assessing whether the judgements made in making accounting
estimates are indicative of a potential bias", and evaluating the rationale of any significant transactions that
are unusual or outside the nom)al course of the charity's operations.
Because of the inherent limitations of an audit, there is a risk that we will not delect all irregularities, including
those leading to a material misslatemenl in the financial statements or non-compliance with regulation. This risk
increases the more that compliancè with a law or regulation is removed from the events and transactions
flected in the financial statements, as we will be less likely lo become aware of instances of non-complian￿.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves
intentional concealment, forgery, collusion, omission or misrepresentstion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website al.. ww4.frc.or
.uklauditorsres
onsibilities. This description forms part of our
Auditors, Report.
Use of our report
This report is made solely lo the charitable 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 stale to the charitable
company's members those mallers we are required lo stste to them in an Auditors, Report and for no other
purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than
the charitable company and ils members, as a body, for our audit work, for this report, or for the opinions we
have formed.
David Chandra (Senior Statutory Auditor)
for and on behalf of
Lubbock Fine LLP
Chartered Accountsnts & Ststutory Auditors
Palernosler House
65 St Paul's Churchyard
London
EC4M 8AB
Dale..24 March 2023
Page 16

THE TECHSOUP TRUST
A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2022
Unrestricted
funds
2022
Total
funds
2022
Total
funds
2021
Note
Income from-
Charitable activities
other income
98,384
1,442,514
98,384
1,442,514
109,701
1,030,508
Total Income
1,540,898
1,540,898
1,140,209
Expenditure on:
Raising funds
Charitable activities
137,497
1,372,137
137,497
1,372,137
99,679
999,292
Total expendlture
1,509,634
1,509,634
1,098,971
Net movement in funds
31,264
31,264
41,238
Reconciliation of funds:
Total funds brought forward
Nel movement in funds
297,436
31,264
297,436
31,264
256,198
41,238
Total funds carriod forward
328,700
328,700
297,436
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 20 to 31 fomi part of these financial stalemenls.
All income and expenditure in 2021 related lo unrestricted funds.
Page 17

THE TECHSOUP TRUST
A Company Limited by Guarantee)
REGISTERED NUMBER.. 05594889
BALANCE SHEET
AS AT30 JUNE 2022
2022
2021
Note
Current assets
Debtors
Cash at bank and in hand
49,646
389,679
46,872
331,677
439,325
378,549
Creditors.. amounts falling due within one
year
12
1110,6241
181,1131
Net current assets
328,701
297,436
Total assets less current liabilities
328,701
297,436
Total net assets
328,701
297,436
Charity funds
Unreslricled funds
15
328,701
297,436
Total funds
328,701
297,436
The financial statements have been prepared In accordance with the provisions applicable to entities subject to
the small companies regime.
The financial statements were approved and aulhorised for issue by the Trustees and signed on their behalf by".
John McDermott
Trustee
Vice President of Finance, Techsoup
23 March 2023
Dale..
The notes on pages 20 to 31 form part of these financial stalemenls.
Page 18

THE TECHSOUP TRUST
A Company Limited by Guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2022
2022
2021
Note
Cash flows from operatlng actlvltles
Nel cash used In operating activities
58,002
36,113
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
58,002
36,113
331,677
295,584
Cash and cash equivalents at the end of the year
18
389,679
331,677
The notes on pages 20 to 31 fomi part of these financial statements
Page 19

THE TECHSOUP TRUST
A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
General Information
The Techsoup Trust is a company limited by guarantee and a registered charity in England and Wales. Its
company registration number is 05594889 and ils charity registration number is 1114615. Ils registered
office is 1 PrIn￿lOn Mews, 167-169 London Road, Kingston Upon Thames, Surrey KT2 6PT. Ils principal
Pla￿ of business is 64 Clarence Avenue, Ganls Hill, IG2 6JE. The financial statements are presented in
sterling, which is the functional currency of the charity.
Accounting Policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP IFRS 1021
Aceounling and Reporting by Charities." Statement of Recommended Practice applicable to charities
p￿parIng their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 (effective 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006.
The Techsoup Trust meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised al historical cost or lonsaction value unless otherwise stated in the
relevant accounting policy.
2.2 Going concern
The charity meets ils day-to4ay funding requirements through the support of its sole corpO￿te
member Techsoup Global. The Iruslees believe that it is appropriate to prepare the financial
statements on a going concern basis which assumes the charity will continue in operational existence
with the continued support of ils member organisalion.
2.3 Fund accounting
General funds are unrestricted funds which are available for use al the discretion of the Trustees in
furtheran￿ of the general objectives of the charity and which have not been designated for other
purposes.
2.4 Income
All income is recognised once the charity has entitlement to the income, il is probable that the income
will be received and the amount of income re￿1vable can be measured reliably.
Voluntary income re￿iVed by way of grants and donations is included in full in the Ststemenl of
Financial Activities when re￿1Vable.
Revenue grants are credited lo the Ststement of Financial Activities when receivable.
When unconditional entiuement lo grants receivable is dependent upon fulfillmenl of conditions within
the charity's control, the incoming resources are recognised when there is sufficient evidence that
conditions will be met.
Incoming resources from the provision of validation ServI￿S are recognised in line with the relevant
contract, when it is probable that the economic benefits will flow lo the charity and the income can be
measured reliably. Income from a contract lo provide services is recognised in the period in which the
SeNi￿S are provided in accordance with the contract.
Page 20

THE TECHSOUP TRUST
A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
Accounting Policies (continued)
2.4 Income Icontinuedl
Other incoming resources are recognised in the SOFA when receivable.
2.5 Expenditure
Expenditure is accounted for on an accruals basis and has been included under expense categories
that aggregate all costs for allocation lo activities. Where costs cannot be directly attributed to
particular activities they have been allocated on a basis consistent with the use of the resources.
Costs of raising funds
Costs of raising voluntary and other incoming reSoUr￿S relate to the costs incurred by the charity in
inducing third parties to make voluntary contributions lo it, as well as the cost of any activities with a
fundraising purpose.
Costs of charitablo activities
The costs of The Techsoup Trust programme activities, which include validation services, comprise
expenditure on the defined charitable purposes of the charity and Include direct stsff costs
attributable to the activity and an allocation of the general management and overhead costs.
Allocation of dirgct costs
Direct costs are allocated to each of the activities on the following basis which is an estimate, based
on staff lime, of the amount attributable lo each activity..
Costs of raising funds
The Techsoup Trust programme
10°
900
Allocation of support costs
Support costs are allocated to each of the activities on the following basis which is an estimate,
based on staff lime, of the amount allributable lo each activity..
Costs of raising funds
The Techsoup Trust programme
1000/.
2.6 Operating leases
Rentals paid under operating leases a￿ charged to the Slalement of Financi81 Activities on a straight
line basis over the lease term.
2.7 Interest receivable
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.
2.8 Debtors
Trade and other debtors are recognised at the selllemenl amount after any trade discount offered.
Prepayments are valued at the amount prepaid nel of any trade discounts due.
Page 21

THE TECHSOUP TRUST
A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
Accounting Policies (continued)
2.9 Cash at bank and in hand
Cash at bank and 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.
2.10 Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling al rates
of exchange ruling al the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the
transaction.
Exchange gains and losses are recognised in the Statement of Financial Acb"vilies incorporating
Income and Expenditure Account.
2.11 Liabilities and provisions
Liabilities are recognised when there Is an obligab.on at the Balance Sheet dale as a result of a past
event. it Is probable that a transfer of economic benefit will be required in settlement, and the amount
of the selllemenl can be estimated reliably. Liabilities are recognised al the amount that the charity
anticipates it will pay to sellle the debt or the amount il has received as advanced payments for the
goods or services it musl provide.
2.12 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 al transaction value and subsequenuy
measLJred al their settlement value with the exception of bank loans which are subsequently
measLJred at amortised cost using the effective interest method.
2.13 Pensions
The charity operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the charity lo the fund in respect of the year.
Income from charitable activities
Unrestricted
funds
2022
Total
funds
2022
Provision of validation servi￿8
98,384
98,384
Page 22

THE TECHSOUP TRUST
A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
Income from charitable activities Icontinuedl
Unrestricted
funds
2021
Total
funds
2021
Provision of validation ServI￿S
109,701
109,701
Other incoming resources
Unrestricted
funds
2022
Total
funds
2022
Contributions from Techsoup Global
1,442,514
1,442,514
Unrestricted
funds
2021
Total
funds
2021
Contributions from Techsoup Global
1,030,508
1,030,508
Costs of raising funds
Costs of raising voluntary income
Unrestricted
funds
2022
Total
funds
2022
Costs of raising voluntary and other incoming resources
137,497
137,497
Page 23

THE TECHSOUP TRUST
A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
Costs of raising funds Icontinuedl
Costs of raising voluntary income Icontinuedl
Unrestricted
funds
2021
Total
funds
2021
Costs of raising voluntary and other incoming resources
99,679
99,679
Analysis of expenditure on charitable activities
Summary by fund type
Unrestricted
funds
2022
Total
2022
The Techsoup Trust programme
1,372,137
1,372,137
Unrestricted
funds
2021
Total
2021
The Techsoup Trust programme
999,292
999,292
Page 24

THE TECHSOUP TRUST
A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
Analysis of expenditure by activities
Activities
undertaken
directly
2022
Support
costs
2022
Total
funds
2022
The Techsoup Trust programme
1,237,469
134,668
1,372,137
Activities
undertaken
directly
2021
Support
costs
2021
Total
funds
2021
The Techsoup Trust Programme
897,113
102,179
999,292
Analysis of support costs
Total
funds
2022
Activitie5
2022
Staff costs
Hotel, travel, entertainment, and subsistence
Legal and professional
Other support costs
115,948
329
15,105
3,286
115,948
329
15,105
3,286
Total 2022
134,668
134,668
Page 25

THE TECHSOUP TRUST
A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
Analysis of expenditure by activities Icontinuedl
Analysis of support costs (continued)
Total
funds
2021
Activities
2021
staff costs
Hotel, travel, entertainment and subsistence
Legal and professional
Other support costs
83,897
41
83,897
41
15,502
2,739
15,502
2,739
Total 2021
102,179
102,179
Net incominglloutgoingl resources
2022
2021
This is stated after charying:
Auditor's remuneration - audit costs Igovernancel
Auditor's remuneration - other
5,750
4,100
5,750
4,125
9,850
9,875
Staff costs
2022
2021
Wages and salaries
Social security costs
Contribub'on to defined contribution pension schemes
1,248,121
155,397
45,827
909,241
105,172
34,304
1,449,345
1,048,717
Included within wages and salaries are other employee benefit costs of £82,67012021- £37,416).
The average number of persons employed by the charity during the year was as follows..
2022
No.
2021
No.
Average number of employees
16
Page 26

THE TECHSOUP TRUST
A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
staff costs {continued}
The number of employees whose employee benefits lexcluding employer pension costs) exceeded
£60,000 was..
2022
No.
2021
No.
In the band £60,001 - £70,000
In the band £70,001- £80,000
In the band £80,001- £90,000
In the band £90,001- £100,000
In the band £100,001- £110,000
In the band £100,001- £120,000
In the band £120,001- £130,000
In the band £130,001- £140,000
In the band £140,001- £150,000
During the year key management personnel ￿mUneratIOn including employers national insuranee and
employers pension totaled £271,377 12021
£265,919).
10.
Taxation
The charitable company is a registered charity with the Charity Commission for England and Wales. 11 is
not liable to corporation lax on any surplus arising from ils charitable activities.
11. Debtors
2022
2021
Due within one year
Trade debtors
Other debtors
20,292
773
19,157
1,901
25,814
Prepayments and accrued income
28,581
49,646
46,872
Page 27

THE TECHSOUP TRUST
A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
12. Creditors: Amounts falling due within one year
2022
2021
Trade creditors
other taxation and social security
Other creditors
Accruals and deferred income
10,556
57,533
628
41,907
5,691
34,135
41,287
110,624
81,113
13.
Pensions
The charity operates a defined contribution pension scheme. Total costs lo the charity in respect of the
scheme for the year ended 30 June 2022 were £45,827 12021
£34,404) Al the balance sheet date
amounts totsling £6,91812021- £5,2271 were outstanding in respect of this scheme.
14.
Operating lease commitments
At 30 June 2022 the charity had commitments lo make future minimum lease payments under non-
Can￿lIable operating leases as follows..
2022
2021
Amounts payable:
Within 1 year
6,600
6,600
Lease payments recognised as an expense in the year tolaled £13,20012021
£13,238).
Page 28

THE TECHSOUP TRUST
A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
15. Statement offunds
statement of funds- current year
Balance at
30 June
2022
Balance at 1
July 2021
Income Expenditure
Unrestricted funds
General funds
297,436
1,540,898 11,509,633)
328,701
Statement of funds
prior year
Balance at
30 June
2021
Balance at
1 July 2020
Income Expenditure
Unrestricted funds
General funds
256,198
1,140,209 11,098,971)
297,436
16. Analysis of net assets between funds
Analysis of net a$sets between funds- Current period
Unrestricted
funds
2022
Totsl
funds
2022
Current assets
Creditors due within one year
439,325
1110,6241
439,325
1110,6241
Total
328,701
328,701
Page 29

THE TECHSOUP TRUST
A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
16. Analysis of net assets between funds Icontinuedl
Analysis of net assets between funds- prior period
Unrestricted
funds
2021
Total
funds
2021
Current assets
378,549
181,1131
378,549
181,1131
Creditors due within one year
Total
297,436
297,436
17.
Reconciliation of net movement in funds to net cash flow from operating activities
2022
2021
Nel income for the year las per Statement of Financial Activiliesl
31,264
41,238
Adjustments for:
Decrease in debtors
Increase in creditors
12,7741
29,512
120,9271
15,802
Net cash provided by operating activities
58,002
38,113
18.
Analysis of cash and cash equivalents
2022
2021
Cash in hand
389,679
331,677
19.
Analysis of changes in net debt
At1Juty
2021 Cash flows
At 30 Jung
2022
Cash at bank and in hand
331,677
58,002
389,679
Page 30

THE TECHSOUP TRUST
A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
20. Related party transactions
There were no related party transactions in the current or prior year other than the contributions from
Techsoup Global disclosed in note 4.
21. Parent undertaking
Techsoup Global, a nonprofit public benefit corporation based in the United Slates of America with entity
number C1503831, is the sole corporate member of The Techsoup Trust. As a result, Techsoup Global is
the parent undertaking of The Techsoup Trust and exercises Ils control through the appointment of
trustees.
The activities of this parent entity are in line with those of The Techsoup Trust.
The address from which the public can obtain the consolidated financial stslements is.. 435 Brannan St
Suite 100, San Francisco CA 94107, USA.
22.
Company limited by guarantee
The Techsoup Trust Is registered In England, limited by guarantee and has no share capital. The liability
of the members is limited lo £1. The Techsoup Trust is registered with the Charity Commission for
England and Wales.
Page 31