## DO-IT TRUST 

(operating as Do IT Foundation) 

**REPORT OF TRUSTEES AND FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2025** 

**Charity Registration 1117891** 

**Company Registration 05871095** 

**(England and Wales)** 



**DO-IT TRUST (operating as Do IT Foundation)** 

## **CΟΝΤΕΝΤS ΟF ΤΗΕ FΙΝΑΝCΙΑL SΤΑΤΕΜΕΝΤS** 

## **FOR THE YEAR ENDED 31 MARCH 2025** 

||Page|
|---|---|
|Trustees' annual report|1-4|
|Independent examiner's report to the members|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the financial statements|8-12|





**DO-IT TRUST (operating as Do IT Foundation)** 

**REPORT OF THE TRUSTEES - CONTINUED** 

## **FOR THE YEAR ENDED 31 MARCH 2025** 

The trustees present their report and the financial statements of the charity for the year ended 31 March 2025. 

. 

## **Reference and administrative details** 

Registered charity name DO-IT-TRUST Charity registration number 1117891 Company registration number 05871095 

Principal office and registered office 86 -90 Paul Street, London, EC2 4NE 

## **The Trustees** 

G Grima (appointed 20 September 2017) 

L Andrew (appointed 28 June 2022) 

J Hall (appointed 28 June 2022) 

## **Independent Examiner** 

Chaweevan Williams FCCA Verdant Accountants Limited 20-22 Wenlock Road London NI 7GU 

## **Bankers** 

CAF Bank Ltd 25 Kings Hill Avenue Kings Hilling West Mailing Kent ME19 4JQ 

**1** 



**DO-IT TRUST (operating as Do IT Foundation)** 

## **REPORT OF THE TRUSTEES - CONTINUED** 

## **FOR THE YEAR ENDED 31 MARCH 2025** 

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 2025. 

## **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. 

## **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 overseen by the Trustees and supported by a managing consultant as required. 

## **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. 

## **OBJECTIVES AND ACTIVITIES** 

## **Our vision** 

In 2023 the trustees revised their vision/mission for the charity. 

To harness digital tech to promote, 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. 

To inspire the next generation to get involved and become the charity supporters, social pioneers and change-makers of the future. 

## **Objectives and aims for the public benefit** 

Our objectives are to: 

continue as 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 promote, support, facilitate and enable civil society; 

**2** 



**DO-IT TRUST (operating as Do IT Foundation)** 

## **REPORT OF THE TRUSTEES - CONTINUED** 

## **FOR THE YEAR ENDED 31 MARCH 2025** 

## **Achievements and performance** 

Building on our successful grant making partnerships, the charity continued to provide small grants to community groups, primarily tackling food poverty and mainly working with The Felix Project. 

The charity was pleased to host and support the launch of the Charity Hall of Fame, a digital initiative that aims to build an archive of the social pioneers and change-makers that helped to shape civil society. Inspired by the Rock & Roll Hall of Fame the first ‘Class of Inductees’ is due to be announced in the summer of 2025. 

## **PLANS FOR FUTURE PERIODS** 

The charity will continue developing partnerships with organisations and sponsors to help small and micro-organisations access funding. 

It will also continue to host and support the Charity Hall of Fame, helping it to become an established source of information and inspiration that will help inspire future generations of community change-makers. 

## **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. 

**3** 



**DO-IT TRUST (operating as Do IT Foundation)** 

**REPORT OF THE TRUSTEES - CONTINUED** 

## **FOR THE YEAR ENDED 31 MARCH 2025** 

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. 

Approved by the trustees on                                   and signed on their behalf by: 1st December 2025 

G Grima Trustee 

**4** 



**DO-IT TRUST (operating as Do IT Foundation)** 

## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF DO-IT TRUST** 

## **Year ended 31 March 2025** 

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2025 which are set out on pages 6 to 12. 

Where  the  charity’s  gross  income  exceeded  £250,000,  I  am  qualified  to  undertake  the examination by being a qualified member of ACCA which is one of the listed bodies. 

## **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. 

Chaweevan Williams FCCA Verdant Accountants Limited 20-22 Wenlock Road London N1 7GU 

Date: 3[rd] December 2025 

**5** 



**DO-IT TRUST (operating as Do IT Foundation)** 

## **Statement of Financial Activities** 

## **Year ended 31 March 2025** 

|||||**2025**|||2024|
|---|---|---|---|---|---|---|---|
|||Unrestricted||Restricted||||
|||funds||funds||**Total funds**|Total funds|
||**Note**|**£**||**£**||**£**|£|
|**Incoming resources**||||||||
|**Incoming resources from generated**||||||||
|**funds:**||||||||
|Grants and donations||||||||
||1|-||240,000||240,000|0|
|Investment Income||1,069||-||1,069|450|
|||--------------------------------||---------------------- --- -----||--------------------------------|--------------------------------|
|**Total incoming resources**||1,069||240,000||241,069|450|
|||========================|========================||=========================||=======================|
|**Expenditure on:**||||||||
|||-||–||-|-|
|Charitable activities|2|2,273||241,680||243,953|40,040|
|||--------------------------------||-------------    ---------------||--------------------------------|--------------------------------|
|**Total expenditure**||2,273||241,680||243,953|(40,040)|
|||========================||===============||========================|========================|
|**Net (expenditure)/income and net**||||||||
|**movement in funds**||||||||
|||(1,204)||(1,680)||(2,974)|(39,590)|
|||========================||========================||========================|========================|
|**Reconciliation of funds**||||||||
|Balance brought forward|5|1,330||43,391||44,721|84,311|
|||--------------------------------||-----------------------------------------||-----------------------------------------|-----------------------------------------|
|**Total funds carried forward**|5|154||41,711||41,865|44,721|
|||========================||========================|========================<br>========================|||



The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 

The notes on pages 8 to 12 form part of these financial statements. 

**6** 



**DO-IT TRUST (operating as Do IT Foundation)** 

## **Balance Sheet** 

## **As at 31 March 2025** 

|||**2025**|2024|
|---|---|---|---|
|||**£**|£|
|**Fixed assets**||||
|Tangible fixed assets||-|-|
|**Current assets**||||
|Debtors|**3**|12,494|23,687|
|Cash at bank and in hand||32,511|23,122|
|||------------- -------------------|--------------------------------|
|||45,005|46,809|
|**Creditors: amounts falling due within one year**|4|3,140|2088|
|||-----------------  ---------------|--------------------------------|
|**Net current assets**||41,865|44,721|
|||-----------------------------------------|-----------------------------------------|
|**Total assets less current liabilities**||41,865|44,721|
|||========================|========================|
|**Funds of the charity**||||
|Restricted funds                                                                                       5|Restricted funds                                                                                       5|41,711|43,391|
|Unrestricted funds                                                                                    5|Unrestricted funds                                                                                    5|154|1,330|
|||-----------------------------------------|-----------------------------------------|
|**Total charity funds**|5|41,865<br>========================|44,721<br>========================|



For the year ending 31 March 2025 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. 

Approved by the trustees on                                                and signed on their behalf. 1st December 2025 

………………………….. 

G Grima Trustee Do-It Trust 

Company Number: 05871095 

Charity Number: 1117891 

The notes on pages 8 to 12 form part of these financial statements. 

**7** 



**DO-IT TRUST (operating as Do IT Foundation)** 

## **Notes to the Financial Statements** 

## **Year ended 31 March 2025** 

## **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 

**8** 



**DO-IT TRUST (operating as Do IT Foundation)** 

## **Notes to the Financial Statements** 

## **Year ended 31 March 2025** 

● 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. 

## **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 

**9** 



**DO-IT TRUST (operating as Do IT Foundation)** 

## **Notes to the Financial Statements** 

## **Year ended 31 March 2025** 

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. 

## **1..** Total Income 

|Grant and donations|Unrestricted|Restricted||**Total funds**|Total funds|
|---|---|---|---|---|---|
||Funds|Funds||**2025**|2024|
||£|£||**£**|£|
|Donations||||||
||**-**|||**-**|-|
|Grant - Felix Project||**240,000**||**240,000**|-|
||**------------------------- **|**------------------------- **|**-------------------------**||---------------------------------------------------|
||**-**|**240,000**||**240,000**|-|
||=============|==========|=============||=============|
|Other Income||||||
|Investment income|1,069||||450|
||__________|_________||_________|__________|
|Total Income|1069|240,000||241,069|450|
||__________|_________||_________|__________|



**2. Total Resources Expended** 

||**Unrestricted**<br>**Restricted**<br>**2025**<br>**2024**<br>**Funds**<br>**Funds**<br>**Total**<br>**Total**<br>**£**<br>**£**<br>**£**<br>**£**|
|---|---|
|**Charitable activities:**<br>Grant - Felix Project<br>Consultancy<br>Stakeholder communication<br>**Support costs allocated:**<br>Office and premises<br>Insurance<br>Legal & Professional<br>Business development<br>Technical<br>Website, Domain name & Other Tech<br>cost<br>Accountancy & Examination<br>Bank charges & Loading fee-Fareshare<br>**Total resources expended**|**-**<br>**235,007**<br>**235,007**<br>36,001<br>**-**<br>**-**<br>-<br>**170**<br>**-**<br>**170**<br>-<br>**169**<br>**251**<br>**420**<br>420<br>**682**<br>**300**<br>**983**<br>923<br>**74**<br>**-**<br>**74**<br>32<br>**-**<br>**-**<br>**-**<br>-<br>**221**<br>**221**<br>266<br>**493**<br>**-**<br>**493**<br>-<br>**404**<br>**3000**<br>**3,406**<br>2,188<br>**60**<br>**3122**<br>**3,182**<br>188|
||**2,273**<br>**241,680**<br>**243,953**<br>40,040|



**10** 



**DO-IT TRUST (operating as Do IT Foundation)** 

## **Notes to the Financial Statements** 

## **Year ended 31 March 2025** 

## **3. Debtors** 


**----- Start of picture text -----**<br>
2025 2024<br>£ £<br>Other debtors 11,824 23,453<br>Prepayment<br> 670 233<br>     -------------      -------------<br>12,494 23,687<br>========== ==========<br>Creditors: amounts falling due within one year<br>2025 2024<br>£ £<br>Trade creditors - -<br>Accruals - Professional Fee<br>3,140 2,088<br>========== ==========<br>**----- End of picture text -----**<br>


## **4. Creditors: amounts falling due within one year** 

- **5 Analysis of net movement of funds** 

At 1 April 2024 Income Expenditure **At 31 March 2025** £ £ £ **£** General funds 1,330 1,069 (2,245) **154** =========================== ========================== ============================ **================================ Restricted funds** At 1 April 2024 Income Expenditure **At 31 March 2025** £ £ £ **£** B4B Fairshare 43,391 240,000 (241,680) **41,711** ======================== ======================== ========================= **======================== Analysis of net assets between funds Unrestricted Restricted Total Funds** Unrestricted Restricted Total Funds **Funds Funds 2025** Funds Funds 2024 **£ £** £ £ £ **£** Net current assets (liabilities) **154 41,711 41,865** 1330) 43,391 44,721 **========= ==========** ========= ========= ========= ========= 

## **6. Analysis of net assets between funds** 

**11** 



**DO-IT TRUST (operating as Do IT Foundation)** 

## **Notes to the Financial Statements** 

## **Year ended 31 March 2025** 

## **7. Related Party Transactions** 

No related party transactions took place during the year. 

## **8.  Share Capital and controlling parties** 

The company is limited by guarantee and has no share capital. The liability of its members is limited to £1 per member. 

## **9. Comparatives statement of financial activities** 

||**Unrestricted**|**Restricted**|**Total funds**|
|---|---|---|---|
||**funds**|**funds**|**2024**|
||**£**|**£**|**£**|
|**Income**||||
|Grants and donations|-|-|-|
|Investment income|450|-|**450**|
|**Total income**|450|-|450|
||-|||
|**Expenditure on:**||||
|Charitable activities|1,661|38,379|40,400|
||----------|---------------|---------------|
|**Total expenditure**|1661|38,379|40,400|
|**Net (expenditure)/income and net**||||
|**movement in funds**|(1,211)936)- (38,379)6||(39,590)|
|**Reconciliation of funds**||||
|Balance brought forward|2,541|81,770|84,311|
|**Total funds carried forward**|1,330|43,391|44,721|



**12**