DocuSign Envelope ID: 8B31257C-C0A9-4C81-9CC0-C11B7ED6B833
**DO-IT TRUST (operating as Do IT Foundation)**
**REPORT OF THE TRUSTEES AND FINANCIAL SΤΑΤΕΜΕΝΤS FΟR ΤΗΕ PERIOD ΕΝDΕD 31 MARCH 2022**
**REGISTERED COMPANY NUMBER: 05871095 (England and Wales) REGISTERED CHARITY NUMBER: 1117891**
DocuSign Envelope ID: 8B31257C-C0A9-4C81-9CC0-C11B7ED6B833
## **DO-IT TRUST (operating as Do IT Foundation)**
## **CΟΝΤΕΝΤS ΟF ΤΗΕ FΙΝΑΝCΙΑL SΤΑΤΕΜΕΝΤS FOR THE PERIOD ENDED 31 MARCH 2022**
|Charity information|1|
|---|---|
|Trustees’ report|2|
|Independent examiner’s report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Accounting policies|8|
|Notes to the financial statements|10|
DocuSign Envelope ID: 8B31257C-C0A9-4C81-9CC0-C11B7ED6B833
**DO-IT TRUST (operating as Do IT Foundation)**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
**Registered Company number** 05871095 (England and Wales)
**Registered Charity number** 1117891
**Registered office** 86-90 Paul Street London EC2! 4NE
## **Trustees and directors**
G Grima L Andrews (appointed 27 June 2022) J Hall (appointed 27 June 2022) G Lee (resigned 27 June 2022) H Price (resigned 27 June 2022) S Patel (resigned 27 June 2022)
**Bankers** CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ
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## **DO-IT TRUST (operating as Do IT Foundation)**
## **REPORT OF THE TRUSTEES**
## **FOR THE PERIOD ENDED 31 MARCH 20220**
The Trustees' who are also directors of the charity for the purposes of the Companies Act 2006, are pleased to present their report with the financial statements of the charity for the year ended 31 March 2020.
## **CONSTITUTION**
Do-It Trust (operating as Do IT Foundation) is a charitable company limited by guarantee as defined by the Companies Act 2006, and was incorporated on 10 July 2006. It is also a registered charity and became registered with the Charity Commission on 8 February 2007.
The members have guaranteed to contribute a maximum of £1 each in the event of the company being wound up.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is established under its memorandum and articles of association, adopted on 10th July 2006 and as amended by a special resolution on 12th January 2007. The articles of association describe the objects and powers of the charitable company.
## **Governance and decision-making**
The Board of Trustees govern the charity and meet at least 4 times a year to discuss and review strategy, planning, development and financial matters.
All members of the Board of Trustees give their time voluntarily and receive no remuneration or other benefits from the charity. Any out of pocket expenses reclaimed from the charity are set out in the notes to the accounts.
Day-to-day management of the organisation is delegated to the staff and volunteers and is overseen by the Chief Executive Officer.
## **Recruitment and appointment of trustees**
Under the articles of association, the Trustees are appointed at the Annual General Meeting.
The charity currently has a Board of Trustees who represent the skills required to steer and direct the organisation. An annual skills audit is carried out in order to ensure the Board's experience is kept in line with the charity's existing and future work.
## **ΟΒJΕCΤΙVΕS ΑΝD ΑCΤΙVΙΤΙΕS**
## **Our vision**
In 2019 the trustees agreed a new vision/mission for the charity.
To harness digital tech to support and enable a vibrant and efficient voluntary & community sector, making it easy for civil society organisations to access the resources they need to support the communities they serve.
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**DO-IT TRUST (operating as Do IT Foundation) REPORT OF THE TRUSTEES - CONTINUED FOR THE PERIOD ENDED 31 MARCH 2022**
## **Objectives and aims for the public benefit**
Our objectives are to:
become the UK’s first digital grant maker, using digital to provide a simple and easy way to access funding to help small charities and community organisations get the help they need to support their customers and stakeholders;
support and collaborate with voluntary and community organisations to deploy digital solutions to support, facilitate and enable civil society;
ensuring the ongoing growth and success of the Do IT Volunteering Service.
## **Achievements and performance**
This was the last year that the charity provided monitoring oversight of the progress of the Do IT Life social enterprise partnership (which it established in 2017 with Vivo), which officially ended in February 2022 in line with the Transfer & Relationship Agreement. The charity is satisfied that the partnership has worked as intended, that there has been no disruption or adverse affects to the Do-it volunteering service which continues to be provided free for voluntary and community organisations across the UK. The Trustees are delighted that Do IT Life has continued to secure revenue to ensure the ongoing sustainability of the service despite the challenging financial climate caused by the Covid pandemic. The Trustees are grateful to the Do IT Life Team for ensuring the success of the joint the venture and can withdraw from its oversight role with confidence that the service will continue.
In 2021 the charity supported Do IT Life in an advisory capacity to develop a new digital funding and payments platform. The initiative was funded by Innovate UK and the charity took part in advising on the build and testing of the platform with a selection of voluntary partners. This led to the charity teaming up with FareShare, the national food poverty charity, to distribute over £200k of small grants to volunteer led organisations tackling food poverty in their local areas. The project was sponsored by Waitrose and was successful in pushing out much needed funds quickly and efficiently.
The charity also continued to sponsor the Voluntary Voice platform - providing peer networking support for home based charity workers during the pandemic - which it handed over to the Association for Volunteer Managers in 2021 who have evolved the service into a leading peer network for charity staff that work with and engage volunteers.
The Foundation became a member of the Association of Charitable Foundations, the leading representative for charity grant makers.
2022 saw the charity say farewell to Jamie Ward-Smith, consulting CEO who had worked with the Trustees to evolve the charity into a grant maker as well as monitor the partnership with Vivo/Do IT Life since 2017. Jamie has successfully moved the charity into a position where it can serve as a corporate foundation that can be managed by the Do IT staff team. We are grateful for all of Jamie’s support and wish them well for the future.
## **FINANCIAL REVIEW**
As at 31 March 2022 the charity’s total funds amounted to £24,507 (2021: £677) with free reserves a deficit of £259 (2021: £677).
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**DO-IT TRUST (operating as Do IT Foundation) REPORT OF THE TRUSTEES - CONTINUED FOR THE PERIOD ENDED 31 MARCH 2022**
## **RESERVES POLICY**
Do-It Trust is committed to using its resources in pursuit of its charitable objectives. It is also committed however to maintaining a level of reserves that is prudent to meeting ongoing liabilities, sufficient to ensure that all delivery commitments can be met and protect the long-term future of the charity’s operations. The charity’s policy, in line with Charity Commission recommendations, seeks to balance these priorities by holding a level of reserves equating to approximately three months of total expenditure. As at 31[st] March 2022, the charity’s running costs were minimal
## **RISK REVIEW**
The Directors have conducted their own review of the major risks to which the charity is exposed and systems have been established to mitigate those risks. Internal risks are minimised by the implementation of procedures for authorisation of all transactions and events and to ensure consistent quality of delivery for all operational aspects of the charity. These procedures are reviewed periodically to ensure that they still meet the needs of the charity.
## **PLANS FOR FUTURE PERIODS**
The charity will build on its work to partner with other organisations and sponsors to enable small and micro organisations to access funding
## **STATEMENT OF TRUSTEES RESPONSIBILITIES**
The trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP 2019 (FRS 102);
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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**DO-IT TRUST (operating as Do IT Foundation)**
**REPORT OF THE TRUSTEES - CONTINUED FOR THE PERIOD ENDED 31 MARCH 2022**
This report has been prepared in accordance with the Statement of Recommended Practice – Accounting and Reporting by Charities and in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
23 December 2022 Approved by the trustees on and signed on their behalf by:
…………………………… G Grima Trustee
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## **DO-IT TRUST (operating as Do IT Foundation)**
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF DO-IT TRUST**
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2022 which are set out on pages 7 to 13.
## **Responsibilities and basis of report**
As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Cawley Priory South Pallant Chichester Geoffrey Frost BSc(Hons) FCA West Sussex For and on behalf of Blue Spire Limited PO19 1SY 23 December 2022 Date
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## **DO-IT TRUST**
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
## **STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)**
|**Note**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**1**
**Total**
**EXPENDITURE ON:**
Charitable activities
**2**
**Total resources expended**
**Net Income/(expenditure)**
**Net movement in funds**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**7**
**Total funds carried forward**
**7**|**Funds**
**£**
1,000
1,000
1,936
1,936
(936)
(936)
677
(259)
**Unrestricted**|**Restricted**
**Funds**
**£**
233,000
233,000
208,234
208,234
24,766
24,766
-
24,766|**2022**
**Total**
**Funds**
**£**
234,000
234,000
210,170
210,170
23,830
23,830
677
24,507|**2021**
**Total**
**Funds**
**£**
3,821
3,821
5,216
5,216
(1,395)
(1,395)
2,072
677|
|---|---|---|---|---|
The charity has no recognised gains or losses other than those dealt with in the statement of financial activities.
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## **DO-IT TRUST**
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
## **BALANCE SHEET AS AT 31 MARCH 2022**
|**Note**
**CURRENT ASSETS**
Debtors - Prepayments
Cash at hand and in bank
**Total current assets**
**CURRENT LIABILITIES**
Creditors: amounts falling due within one year
**5**
**Net current assets/(liabilities)**
**Net assets/(liabilities)**
**THE FUNDS OF THE CHARITY**
**Restricted funds**
**7**
General fund
**Total unrestricted funds**
**7**
**Total charity funds**
**7**|**£**
**£**
217
27,490
27,707
3,200
24,507
24,507
24,766
(259)
(259)
24,507
**2022**|**£**
**£**
220
457
677
-
677
677
-
677
677
677
**2021**|
|---|---|---|
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors’ responsibilities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the provisions of the Companies Act 2006 applicable to companies subject to the small companies regime.
The notes on pages 11 to 13 form part of these financial statements.
Approved by the trustees and signed on their behalf.
G Grima
Trustee
## 23 December 2022
Date
Do-It Trust Company Number: 05871095 Charity Number: 1117891
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## **DO-IT TRUST**
## FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
## **ACCOUNTING POLICIES**
## **General information, scope and basis of the financial statements**
DO-IT Trust is a registered charity, established as a company limited by guarantee in England with the company number 05871095. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered and principal office is given in the charity information page of these financial statements and the nature of the charity’s operations and principal activities are detailed in the trustees' report.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 , UK Generally Accepted Accounting Practice and the provisions for small entities under FRS 102 1A and therefore do not include a statement of cash flows.
The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
## **Income**
All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.
For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.
## **Expenditure**
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.
It is categorised under the following headings:
● Raising funds; includes costs associated with seeking donations and fundraising events and initiatives
● Charitable activities; includes all costs incurred in undertaking activities that further the charity's aims for the benefit of beneficiaries
Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity.
## _Governance costs_
Governance costs are any costs associated with the strategic as opposed to day-to-day management of the charity’s activities. These costs include the cost of any administrative support provided to the trustees such as external audit, legal advice for trustees and costs associated with constitutional and statutory requirements.
## **VAT**
The charity is not registered for VAT and cannot therefore recover any VAT incurred on expenditure. Irrecoverable VAT is accounted for within the expenditure category to which the underlying costs relate.
## **Taxation**
The Charity is an exempt Charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in sections 466 to 493 Corporation Tax Act 2010 (CTA 2010), as such no income tax is payable on the Charity's activities.
## **Debtors and creditors receivable / payable within one year**
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
## **Cash and cash equivalents**
Cash and cash equivalents includes cash at bank and in hand available for the charity's use.
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## **DO-IT TRUST**
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
## **ACCOUNTING POLICIES**
## **Funds**
## _Unrestricted funds_
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
## _Restricted funds_
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund.
## **Going concern**
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
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## **DO-IT TRUST**
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
## **NOTES TO THE FINANCIAL STATEMENTS**
**----- Start of picture text -----**
1. Donations and legacies
2022 2021
Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds Funds Funds Funds Funds
£ £ £ £ £ £
Donations 1,000 233,000 234,000 3,821 - 3,821
1,000 233,000 234,000 3,821 - 3,821
2. Charitable activities
2022 2021
Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds Funds Funds Funds Funds
£ £ £ £ £ £
Grants - 204,099 204,099 - - -
Consultancy fees - - - 2,000 - 2,000
Technical - - - 158 - 158
Stakeholder communications 120 - 120 217 - 217
Support costs (see note 3) 1,816 4,135 5,951 2,841 - 2,841
1,936 208,234 210,170 5,216 - 5,216
3. Support costs 2022 2021
Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds Funds Funds Funds Funds
£ £ £ £ £ £
Office and premises 420 - 420 420 - 420
Insurance 872 - 872 901 - 901
Legal and professional 80 - 80 13 - 13
Business development 348 - 348 - - -
Technical - - 1,438 - 1,438
Accountancy 2,000 2,000 - - -
Bank charges 96 935 1,031 69 - 69
Governance costs:
Independent examiner's remuneration - 1,200 1,200 - - -
1,816 4,135 5,951 2,841 - 2,841
4. Independent examiner's' remuneration 2022 2021
Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds Funds Funds Funds Funds
£ £ £ £ £ £
Examination - 1,200 1,200 - - -
Other services - - - - - -
- 1,200 1,200 - - -
5. Creditors: amounts falling due within one year
2022 2021
Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds Funds Funds Funds Funds
£ £ £ £ £ £
Accruals - Professional fees 3,200 - 3,200 - - -
3,200 - 3,200 - - -
**----- End of picture text -----**
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## **DO-IT TRUST**
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
## **NOTES TO THE FINANCIAL STATEMENTS**
## **6. Analysis of net assets between funds**
|Net current assets/(liabilities)
**7. Analysis of net movement in funds**
_Restricted funds_
B4B Fairshare
Total restricted funds
_Unrestricted funds_
General fund
Total unrestricted funds
Total funds
_Restricted funds_
Total restricted funds
_Unrestricted funds_
General fund
Total unrestricted funds
Total funds|**Unrestricted**
**Funds**
**£**
(259)
(259)|**Restricted**
**Funds**
**£**
24,766
24,766
**Total funds**
**brought**
**forward**
**£**
-
-
677
677
677
**Total funds**
**brought**
**forward**
**£**
-
-
2,072
2,072
2,072|**2022**
**Total**
**Unrestricted**
**Funds**
**Funds**
**£**
**£**
24,507
677
24,507
677
**Total**
**Total**
**incoming**
**resources**
**resources**
**expended**
**£**
**£**
233,000
(208,234)
233,000
(208,234)
1,000
(1,936)
1,000
(1,936)
234,000
(210,170)
**Total**
**Total**
**incoming**
**resources**
**resources**
**expended**
**£**
**£**
-
-
-
-
3,821
(5,216)
3,821
(5,216)
3,821
(5,216)
**Year ended 31 March 2022**
**Year ended 31 March 2021**|**Restricted**
**Funds**
**£**
-
-
**Transfers**
**between**
**funds**
**£**
-
-
-
-
-
**Transfers**
**between**
**funds**
**£**
-
-
-
-|**2021**
**Total**
**Funds**
**£**
677
677
**Total funds**
**carried**
**forward**
**£**
24,766
24,766
(259)
(259)
24,507
**Total funds**
**carried**
**forward**
**£**
-
-
677
677
677|
|---|---|---|---|---|---|
## **8. Description of restricted funds**
Seconded staff / Consultants fees
Funds received to cover the costs of seconded staff and consultants used by the charity.
## **9. Legal status**
The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of a winding up is £1.
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## **DO-IT TRUST**
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
## **NOTES TO THE FINANCIAL STATEMENTS**
**----- Start of picture text -----**
10. Comparative statement of financial activities
2021
Unrestricted Restricted Total
Funds Funds Funds
Note £ £ £
INCOME AND ENDOWMENTS FROM:
Donations and legacies 1 3,821 - 3,821
Total 3,821 - 3,821
EXPENDITURE ON:
Charitable activities 2 5,216 - 5,216
Total resources expended 5,216 - 5,216
-
Net Income/(expenditure) (1,395) (1,395)
TRANSFERS
Gross transfers between funds 9 - - -
Net movement in funds (1,395) - (1,395)
RECONCILIATION OF FUNDS
Total funds brought forward 9 2,072 - 2,072
Total funds carried forward 9 677 - 677
**----- End of picture text -----**
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