COMPANY REGISTRATION NUMBER: 06902258 CHARITY REGISTRATION NUMBER: 1133179
Charity Digital Trust
Company Limited by Guarantee
Financial Statements 30 September 2025
Charity Digital Trust
Company Limited by Guarantee
Financial Statements
Period from 1 April 2024 to 30 September 2025
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent auditor's report to the members | 10 |
| Consolidated statement of financial activities (including income | |
| and expenditure account) | 14 |
| Consolidated statement of financial position | 15 |
| Statement of financial position | 16 |
| Consolidated statement of cash flows | 17 |
| Notes to the financial statements | 18 |
Charity Digital Trust
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Period from 1 April 2024 to 30 September 2025
The Trustees, who are also the directors of the charitable company for the purposes of the Companies Act 2006, present their Annual Directors’ Report together with the consolidated financial statements of Charity Digital Trust (“the Charity”) and its subsidiaries for the period ended 30 September 2025. The report has been prepared in accordance with:
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The Companies Act 2006
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The Charities Act 2011
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The Charity’s Memorandum and Articles of Association
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The Statement of Recommended Practice: Accounting and Reporting by Charities (SORP FRS 102)
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Applicable accounting standards and relevant UK legislation
The Trustees confirm that the financial statements comply with all statutory and regulatory requirements.
Reference and administrative details
Registered charity name Charity Digital Trust (formerly Tech Trust) Trading name Charity Digital Charity registration number 1133179 Company registration number 06902258 Registered office Camburgh House 27 New Dover Road Canterbury Kent CT1 3DN Principal office 113-115 Fonthill Road 2[nd] Floor London N4 3HH The trustees Mr J Tan Ms Z Amar Ms C A Garbett Ms C Tavernier Ms E MacKenzie Mr J A Nathenson (Stepping down after board on 23 March 2026) Mr R F George Mr R Taylor Mr S Dunne (Resigned 23 June 2025) Mr T R Bulgarelli (Appointed 18 June 2025) Auditor Burgess Hodgson Audit Limited Chartered accountants & statutory auditor Camburgh House 27 New Dover Road Canterbury Kent CT1 3DN Bank Natwest PLC
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Charity Digital Trust
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Period from 1 April 2024 to 30 September 2025
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
1. Objectives and Activities
The objects of the charity are to advance in any part of the world such purposes as are recognised as being exclusively charitable in accordance with the law in England and Wales as the trustees shall in their absolute discretion think fit to support or establish.
Our vision is to harness technology as a powerful force for positive change, driving innovation, digital inclusion, and sustainability to build a better future for all.
Our mission is to empower charitable organisations, enabling them to accelerate their impact through digital.
Our objectives relate to organisations that have charitable purposes and providing public benefit. This includes registered charities, Community Interest Companies (CIC's) and other voluntary and not-forprofit organisations (with charitable aims such as social enterprises and cooperatives, collectively referred to as 'charitable organisations'). We aim to:
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Educate charitable organisations to be more efficient and effective using digital tools
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Provide insights and information on complex, rapidly changing topics such as AI and Cyber Security, enabling charities to govern and operate safely
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Provide access to digital solutions, services and tools to support charity efficiency and effectiveness, supporting charities to focus their limited resources on beneficiary outcomes
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Provide a payments platform that enables charities to collect funds and operate lotteries to support their good causes for charities.
Public Benefit Statement
Charity Digital Trust exists to improve the effectiveness and efficiency of charities across the UK by enhancing their digital capability, confidence, and access to affordable digital tools. The Trustees confirm that they have had regard to the Charity Commission’s guidance on public benefit when reviewing the Charity’s aims and objectives, planning future activities, and setting strategic direction.
Fundraising
The charity was funded through commercial activity, and grants received from funding organisations. We do not raise funds from the general public.
2. Overview of the Year and Charity Digital’s Services
The 2024/25 financial year marked a period of significant strategic recalibration for Charity Digital Trust. The conclusion of our long-standing partnership with TechSoup—driven by a global restructuring of their partnership model—required the organisation to transition rapidly toward a sustainable, independent operating model.
As anticipated by the trustee board, activities relating to the TechSoup Exchange programme, historically the Charity’s largest income stream, tapered off ahead of the contract end on 1 July 2025.
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Charity Digital Trust
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Period from 1 April 2024 to 30 September 2025
2. Overview of the Year and Charity Digital’s Services (continued)
Despite this challenge, the Charity has continued to deliver high-quality services and support for the sector, maintaining its role as a trusted and authoritative voice on all things digital for UK charities.
Charity Digital Trust remains the UK’s leading voice on digital capability in the charity sector, with unmatched reach, credibility, and a 25-year track record of impact since its inception as Tech Trust.
Our work spans digital education, sector insights, email marketing solutions, payments services, and thought leadership.
Our technology partners and sponsors remain a robust and growing source of income and fulfil a vital role in positioning Charity Digital as a key, current, and trusted ‘source’ of guidance and support and are facilitating provision of the latest relevant technologies.
The charity’s new digital academy offers a wide range of affordable training courses, including CPDaccredited options. The charity also provides highly rated, in-person and online events on key topics, examples of which include AI, digital fundraising, digital awareness for trustees and cyber security. A more complete view of our services is available at: www.charitydigital.org.uk.
Unique in the UK charity sector in offering an FCA-regulated and BACS accredited payment service, we also process millions of direct debits annually to facilitate fundraising and charity lotteries. CTT Charity Payments has continued to provide its Direct Debit processing solution with an average in excess of 175,000 direct debits a month processed, increased from 156,000 in 2023/24. In the same way as with Marketplace products, Charity Digital aims to offer the lowest cost solution so that the maximum proceeds of fundraising and lottery activities can be directed to supporting the charities in meeting the needs of their beneficiaries.
The Charity also offers charities marketing support, bulk-buying emails every month from dot.digital, a specialist marketing automation provider, passing the volume discounts we achieve back to not-forprofits. With a 95% retention rate, we recruited 20 new charities in 2024/25 and sent over 39 million emails on behalf of UK not-for-profits, slightly down from the 48 million sent in 2023/24.
3. Resilience and Team Dedication
Under the leadership of an experienced Interim CEO, the Charity’s staff demonstrated exceptional resilience. The organisational demands of the TechSoup exit, combined with the need to reshape our business model, required staff to take on additional responsibilities and adapt quickly to new ways of working.
The Charity successfully transitioned to new office space that better suits its hybrid working culture and implemented strengthened internal controls to support its independent, progressive operating model.
The Trustees extend their sincere thanks to all colleagues for their professionalism, commitment, and collaboration. Their efforts ensured that our digital tools, training, events, and sector insights continued uninterrupted, supporting thousands of charities during a period of rapid technological and economic change.
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Charity Digital Trust
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Period from 1 April 2024 to 30 September 2025
4. Strategic Review
During 2025, and in the context of the TechSoup exit, we undertook a complete strategic review to ensure our services remained relevant and viable to generate maximum impact. The initiatives we commissioned are reflected in our business plan for 2025/26, some of which build on the following key achievements in 2024/25:
4.1 Charity Digital Code of Practice (2025 Edition)
We successfully updated this grant-funded, sector-defining resource, ensuring it remains a relevant, principles-based guide, tailored for both large and small charities. It provides practical guidance on AI ethics, governance, and implementation for charities navigating modern digital challenges. This work has positioned the Charity as a leading voice on responsible AI adoption in the sector.
4.2 AI Leadership and Strategy
In February 2025 we received grant funding from Okta and others to initiate the Charity Digital Strategy Accelerator (CDSA) a tool which facilitates digital inclusion . Now in receipt of the second year of this important grant funding, we have since launched the CDSA and in the early weeks of rollout already over 200 participants have spent 550 hours on our learning management platform which is accessible free of charge to charity professionals.
4.3 Sector Insights and Research
The 2025 Charity Digital Skills Report continued to serve as a vital barometer of digital maturity across the sector. Key findings included that 76% of charities have now adopted AI in some form.
We also conducted an extensive survey of charity professionals and trustees to better understand their needs, ensuring our future services remain relevant and evidence-based.
5. Looking Ahead – Our 2025/26 Business Plan
On 30 September 2025, coinciding with the end of the 2024/25 accounting period, the Board approved an ambitious new business plan focused on increasing our impact through education and training, diversifying our income streams and delivering sustainable growth. In addition to our ongoing propositions, key elements include:
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Free or affordable education for charity personnel, enabling them to develop skills that support their professional development while enhancing their capability, in turn supporting their organisation to deliver their charitable purpose
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Enhanced online and in-person events on emerging digital topics
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Expanded training through no- or low cost webinars, masterclasses, and certified programmes for charity finance professionals
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A new series of trustee-focused events, including governance in an AI-driven world
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Expanded partnerships with relevant sponsored content to alert our beneficiaries to relevant trends and themes, with insights provided by market-leading technology companies. For example, Microsoft sponsored a very well- attended AI Summit that received excellent attendee feedback.
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Charity Digital Trust
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Period from 1 April 2024 to 30 September 2025
- An expanded marketplace with relevant low cost cyber and technology solutions; and
5. Looking Ahead – Our 2025/26 Business Plan (continued)
- Grant funded project initiatives that enable us to expand our reach, supporting other charitable organisations to deliver their services more effectively and efficiently.
The outlook is very positive. Charity Digital is, once again, on a stable financial and operational footing. With a refreshed strategy, strengthened internal controls, and a diversified income model, Charity Digital Trust is well positioned to continue supporting the sector with affordable, high-quality digital services.
Vitally, we remain committed to digital inclusion and to providing free or low-cost resources wherever possible, ensuring that charities of all sizes can access the tools and knowledge they need to deliver impact for their beneficiaries.
6. Financial Review
The consolidated unrestricted fund position for the period ending 30 September 2025 is £90,817 compared with £221,515 for the year ended 31[st] March 2024.
The total Incoming Resources for the period amounted to £2,675,389 (2024: £1,917,980).
The total Resources Expended in the year (in furtherance of the organisation’s objectives) amounted to £2,806,087 (2024: £2,223,189). Of this amount £2,141,988 (2024: £2,019,884) related to expenditure in respect of (Direct) Charitable Activities, £94,016 (2024: £13,500) for Governance Costs and £570,083 (2024: £189,805) spent for Support costs. Details to this are in Notes 8, 9 & 10 on page 22 of the accounts.
The net result of the above amounted to an excess of expenditure over income for the year in the sum of £130,698 (2023: £305,209) after considering prior year adjustments. All of this resulting in a balance of funds carried forward of £90,817 (2024: £221,515).
7. Reserves Statement
The reserves policy of the charity (and its group) is designed to ensure that we maintain sufficient financial resilience to continue delivering our core activities—providing essential services to the charity sector—even during periods where significant deviation from our approved business plans may be required (e.g., triggered by pandemic or other macro-economic factors). This target reserve level is determined with careful consideration of our potential liabilities, alongside our strategic and operational plans, including any approved contingent investments in charitable activities.
Trustees have set the minimum target at £100,000 of free reserves held within unrestricted funds. This level is equivalent to approximately two months of our average operating expenditure and provides essential coverage for anticipated cash flow timing differences, potential redundancy obligations, and unexpected operational challenges or failures.
Free reserves are calculated as total Net Assets less Fixed Assets, Designated Funds, and Restricted Funds. This methodology ensures transparency in measuring our true financial flexibility.
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Charity Digital Trust
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Period from 1 April 2024 to 30 September 2025
7. Reserves Statement (continued)
The reserves policy and target level are formally reviewed annually by the trustees (most recently on December 18, 2025, with the next review scheduled for September 30, 2026. Additionally, trustees actively monitor reserve levels at each quarterly board meeting through management reports to confirm ongoing adequacy.
The charity's current free reserves position stands at £ 121,929 (February 28, 2026), which is above the £100,000 minimum target. Should reserves fall below this level for a prolonged period, the matter will be escalated to the Finance Committee for immediate review and recommended action.
This comprehensive approach demonstrates the trustees' prudent stewardship while balancing immediate financial security with our charitable mission.
8. Charity Code of Governance
The trustees are guided by the principles of the Charity Code of Governance. The composition of the Board is regularly reviewed to ensure the right mix of skills to steward the charity.
Through our sub-committee structure the Trustees support management to ensure that actions and decisions are in the best interests of the charity’s beneficiaries. The Finance Committee regularly reviews financial performance against plan. The Risk and Audit Committee regularly monitors the adequacy of the internal controls to ensure all risks are surfaced and appropriately mitigated. Our commitment to equality, diversity and inclusion, and the wellbeing of the team is monitored by the People & Culture Committee through its regular reviews of the team structure, reward and remuneration.
Throughout this period of significant structural change, the Board maintained strong governance oversight, ensuring continuity of operations and alignment with the Charity’s core mission. Trustees provided constructive challenge, strategic guidance, and close monitoring of financial and operational risks.
The Chair of the Board expresses her gratitude to all members of the Board for their diligence, expertise, and commitment during this pivotal year.
Related parties and cooperation with other organisations
Trustees do not receive remuneration or other benefits from their work for Charity Digital. Through an arrangement which predates the Board appointment, one Trustee provides consultancy services for CTT Payments, and this is duly recorded. Any potential new conflicts are declared at each board meeting.
Pay for senior staff is benchmarked and reviewed annually, and in 2024/25 an annual cost of living increase of 3% was awarded to all staff.
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Charity Digital Trust
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Period from 1 April 2024 to 30 September 2025
9. Risk Management
The Trustees are accountable for identifying and managing the major risks facing the charity, working with the senior leadership team to ensure all such risks are captured and appropriately categorised in our risk register, and appropriate plans are in place to mitigate them. Supported by its Risk and Audit Committee, Trustees regularly consider risk management in a broad and strategic manner, considering all relevant internal and external factors that might alter or undermine the capacity of the charity to fulfil its charitable objectives, its mission, and its strategy.
Following the most recent full review in March 2026, the Trustees confirmed that they are satisfied with arrangements to identify, manage and report risks and highlighted several strategic risks for the year ahead that represent, by their nature, both opportunity and challenge. The charity will work to limit any possible negative impact on the delivery of our charitable objects and to secure all possible positive outcomes in line with our overall risk appetite.
| outcomes in line with our overall risk appetite. | |
|---|---|
| Risk | Response |
| Financial sustainability: with the removal of the TechSoup programme, the charity may struggle to remain able to deliver its purpose. |
The Charity’s business plan includes accessing expanded and new forms of income and seeking greater support for training, events and sponsorship. |
| People and culture: during the period of transition, there may be pressure on staff retention and staff wellbeing. |
The Board’s People and Culture committee keeps a careful eye on areas of potential overstretch and is developing a strategic approach to reward. |
| Cyber security: breach of core systems, abstraction of data, or interruptions to hosted services could significantly disrupt the charity. |
The charity has achieved Cyber Essentials Certification and expects external providers to adhere to ISO certified processes and deliver compliance with GDPR. |
| Reputation: failure to deliver core services, or delayed delivery, could damage the charity’s reputation in the sector. |
The Board’s approach to financial reserves secures the delivery of core services, and the charity works with external experts to ensure the delivery of its work matches appropriate standards for quality. |
| Governance: tenure arrangements for trustees and predicted turnover could result in a loss of continuity. |
The Board is managing an orderly process of succession, including through assessment of key skills as a prelude to formal recruitment. |
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Charity Digital Trust
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Period from 1 April 2024 to 30 September 2025
10. Acknowledgements
The Trustees wish to record their sincere thanks to Maria Timon Samra , who stepped into the Interim CEO role at a critical juncture and remained far longer than originally planned to personally oversee the organisational turnaround. Her leadership, stability, and commitment were instrumental in resolving legacy issues, navigating the TechSoup exit, and establishing a sustainable future operating model.
On behalf of the Trustees, we extend our thanks to our partners, funders, and—most importantly—our dedicated staff. Their collective efforts ensure that Charity Digital Trust remains a resilient, innovative, and vital resource for the UK charity sector.
11. Trustees' responsibilities statement
The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the applicable Charities SORP;
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. 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.
The trustees are responsible for the maintenance and integrity of the charity’s financial information and website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
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Charity Digital Trust
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Period from 1 April 2024 to 30 September 2025
12. Auditor
Each of the persons who is a trustee at the date of approval of this report confirms that:
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so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware; and
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they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information.
The trustees' annual report and the strategic report were approved on .............................. and signed on behalf of the board of trustees by:
Claire Tavernier Chair of the Board of Trustees
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Charity Digital Trust
Company Limited by Guarantee
Independent Auditor's Report to the Members of Charity Digital Trust
Period from 1 April 2024 to 30 September 2025
Opinion
We have audited the financial statements of Charity Digital Trust (the 'parent charity') and its subsidiaries (the ‘group’) for the period ended 30 September 2025 which comprise the statement of financial activities (including income and expenditure account), statement of financial position, 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 FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
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give a true and fair view of the state of the group’s and of the charity's affairs as at 30 September 2025 and of its incoming resources and application of resources, including its income and expenditure, for the period then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
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have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
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Charity Digital Trust
Company Limited by Guarantee
Independent Auditor's Report to the Members of Charity Digital Trust (continued)
Period from 1 April 2024 to 30 September 2025
Other information
The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the trustees' report for the financial period for which the financial statements are prepared is consistent with the financial statements; and
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the trustees' report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
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adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of trustees' remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit.
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Charity Digital Trust
Company Limited by Guarantee
Independent Auditor's Report to the Members of Charity Digital Trust (continued)
Period from 1 April 2024 to 30 September 2025
Responsibilities of trustees
As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we have considered; the nature of the industry, control environment and business performance.
We also consider the results of our enquiries of management relating to their own identification and assessment of the risks of irregularities and possible related fraud which includes reviewing available documentation on their policies and procedures.
Throughout the audit testing we are considering the incentives that may exist within the organisation for fraud. Key areas include timing of recognising income around the year end and posting of unusual journals. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.
We ensure we have an understanding of the relevant laws and regulations and remain alert to possible non-compliance throughout the audit.
Despite proper planning and audit work in accordance with auditing standards there are inherent limitations and unavoidable risk that we may not detect some irregularities and material misstatements in the financial statements. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.
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Charity Digital Trust
Company Limited by Guarantee
Independent Auditor's Report to the Members of Charity Digital Trust (continued)
Period from 1 April 2024 to 30 September 2025
As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:
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Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
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Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.
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Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.
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Conclude on the appropriateness of the trustees' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charity to cease to continue as a going concern.
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Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
Use of our report
This report is made solely to the charity'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 state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.
Andrew Collyer MSc ACA (Senior Statutory Auditor)
For and on behalf of Burgess Hodgson Audit Limited Chartered accountants & statutory auditor Camburgh House 27 New Dover Road Canterbury Kent CT1 3DN
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Charity Digital Trust
Company Limited by Guarantee
Consolidated Statement of Financial Activities (including income and expenditure account)
Period from 1 April 2024 to 30 September 2025
||||||Year to| |---|---|---|---|---|---| |||Period from|1 Apr 24 to 30 Sep 25||31 Mar 24| |||Unrestricted|Restricted||| |||funds|fundsTotal funds||Total funds| ||Note|£|£|£|£| |Income and endowments|||||| |Donations and legacies|5|–|180,235|180,235|126,368| |Charitable activities|6|2,483,151|–|2,483,151|1,791,612| |Investment income|7|12,003|–|12,003|–| |||-----------------------------------------|--------------------------------|-----------------------------------------|-----------------------------------------| |Total income||2,495,154|180,235|2,675,389|1,917,980| |||=========================================|================================|=========================================|=========================================| |Expenditure|||||| |Expenditure on charitable activities|8,9|2,625,852|180,235|2,806,087|2,223,189| |||-----------------------------------------|--------------------------------|-----------------------------------------|-----------------------------------------| |Total expenditure||2,625,852|180,235|2,806,087|2,223,189| |||=========================================|================================|=========================================|=========================================| |||-----------------------------------------|--------------------------------|-----------------------------------------|-----------------------------------------| |Net expenditure and net movement|in||||| |funds||(130,698)|–|(130,698)|(305,209)| |||=========================================|================================|=========================================|=========================================| |Reconciliation of funds|||||| |Total funds brought forward||221,515|–|221,515|526,724| |||-----------------------------------------|--------------------------------|-----------------------------------------|-----------------------------------------| |Total funds carried forward||90,817|–|90,817|221,515| |||=========================================|================================|=========================================|=========================================|
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 18 to 30 form part of these financial statements.
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Charity Digital Trust
Company Limited by Guarantee
Consolidated Statement of Financial Position
30 September 2025
| 30 September 2025 | |||
|---|---|---|---|
| 30 Sep 25 | 31 Mar 24 | ||
| Note | £ | £ | |
| Fixed assets | |||
| Tangible assets | 16 | _ | _ |
| Current assets | |||
| Debtors | 17 | 242,809 | 209,338 |
| Investments | 18 | – | 94,718 |
| Cash at bank and in hand | 589,944 | 607,221 | |
| -------------------------------- | -------------------------------- | ||
| 832,753 | 911,277 | ||
| Creditors: amounts falling due within one year | 20 | 741,936 | 689,762 |
| -------------------------------- | -------------------------------- | ||
| Net current assets | 90,817 | 221,515 | |
| -------------------------------- | -------------------------------- | ||
| Total assets less current liabilities | 90,817 | 221,515 | |
| Creditors: amounts falling due after more than one year | 21 | _ | _ |
| -------------------------------- | -------------------------------- | ||
| Net assets | 90,817 | 221,515 | |
| ================================ | ================================ | ||
| Funds of the charity | |||
| Unrestricted funds | 90,817 | 221,515 | |
| ---------------------------- | -------------------------------- | ||
| Total charity funds | 24 | 90,817 ============================ |
221,515 ================================ |
These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:
Claire Tavernier Chair of the Board of Trustees
The notes on pages 18 to 30 form part of these financial statements.
- 15 -
Charity Digital Trust
Company Limited by Guarantee
Statement of Financial Position
30 September 2025
| 30 September 2025 | |||
|---|---|---|---|
| 30 Sep 25 | 31 Mar 24 | ||
| (restated) | |||
| Note | £ | £ | |
| Fixed assets | |||
| Tangible assets | 16 | _ | _ |
| Current assets | |||
| Debtors | 17 | 495,124 | 488,123 |
| Investments | 18 | – | 94,719 |
| Cash at bank and in hand | 252,227 | 416,310 | |
| -------------------------------- | -------------------------------- | ||
| 747,351 | 999,152 | ||
| Creditors: amounts falling due within one year | 20 | 442,619 | 508,207 |
| -------------------------------- | -------------------------------- | ||
| Net current assets | 304,732 | 490,945 | |
| -------------------------------- | -------------------------------- | ||
| Total assets less current liabilities | 304,732 | 490,945 | |
| Creditors: amounts falling due after more than one year | 21 | 203,411 | 326,513 |
| -------------------------------- | -------------------------------- | ||
| Net liabilities | 101,321 | 164,432 | |
| ================================ | ================================ | ||
| Funds of the charity | |||
| Unrestricted funds | 101,321 | 164,432 | |
| --------------------------- | -------------------------------- | ||
| Total charity funds | 24 | 101,321 =========================== |
164,432 ================================ |
The unrestricted fund movement for the parent charity in the year is £63,111 deficit (2024: £174,222 deficit).
These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:
Claire Tavernier Chair of the Board of Trustees
The notes on pages 18 to 30 form part of these financial statements.
- 16 -
Charity Digital Trust
Company Limited by Guarantee
Consolidated Statement of Cash Flows
Period from 1 April 2024 to 30 September 2025
| 30 Sep 25 | 31 Mar 24 | ||
|---|---|---|---|
| Note | £ | £ | |
| Cash flows from operating activities | |||
| Net expenditure | (130,474) | (130,336) | |
| Adjustments for: | |||
| Other interest receivable and similar income | (12,003) | (5,607) | |
| Interest payable and similar charges | 19,341 | (16,832) | |
| Accrued income | (14,319) | (85,231) | |
| Changes in: | |||
| Trade and other debtors | (27,273) | 56,130 | |
| Trade and other creditors | 60,069 | (70,494) | |
| -------------------------------- | -------------------------------- | ||
| Cash generated from operations | (104,659) | (252,370) | |
| Interest paid | (19,341) | – | |
| Interest received | 12,003 | (5,605) | |
| -------------------------------- | -------------------------------- | ||
| Net cash used in operating activities | (111,995) | (246,765) | |
| ================================ | ================================ | ||
| Net decrease in cash and cash equivalents | (111,995) | (246,765) | |
| Cash and cash equivalents at beginning of period | 701,939 | 948,704 | |
| -------------------------------- | -------------------------------- | ||
| Cash and cash equivalents at end of period | 18 | 589,944 | 701,939 |
| ================================ | ================================ |
The notes on pages 18 to 30 form part of these financial statements.
- 17 -
Charity Digital Trust
Company Limited by Guarantee
Notes to the Financial Statements
Period from 1 April 2024 to 30 September 2025
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Consolidation
The charity controls a UK trading subsidiary, CTT Charity Payments Limited. The address of the registered office of the company is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN.
These financial statements consolidate the results of the charity and its wholly owned subsidiary company CTT Charity Payments Limited, on a line by line basis.
The parent has taken advantage of the reduced disclosures available under FRS 102: (a) No cash flow statement has been presented for the company
(b) Disclosures in respect of financial instruments have not been presented for the charity.
The results of subsidiaries acquired or disposed of during the period are included from or to the date of that control passes.
The parent charity has applied the exemption under Section 408 of the Companies Act 2006 to not present its own Statement of Financial Activities.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
- 18 -
Charity Digital Trust
Company Limited by Guarantee
Notes to the Financial Statements
Period from 1 April 2024 to 30 September 2025
3. Accounting policies (continued)
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the statement of financial activities.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted
- 19 -
Charity Digital Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Period from 1 April 2024 to 30 September 2025
3. Accounting policies (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings - 33% straight line Computer equipment - 33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
- 20 -
Charity Digital Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Period from 1 April 2024 to 30 September 2025
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.
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 the profit and loss account in other administrative expenses.
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
5. Donations and legacies
| Total | Unrestricted |
Unrestricted |
||||
|---|---|---|---|---|---|---|
| Restricted | Funds | Funds | Restricted | Total Funds |
||
| Funds | 2025 | Funds | 2024 |
|||
| (restated) | ||||||
| £ | £ | £ | £ | £ | ||
| Donations | ||||||
| Donations | 180,235 | 180,235 | 16,123 | 110,245 | 126,368 |
6. Charitable activities
| Unrestricted | Total Funds | |
|---|---|---|
| Funds | 2025 | |
| £ | £ | |
| Other income from charitable activities | 2,483,151 | 2,483,151 |
| ============== | ========================================= | |
| Unrestricted | Total Funds | |
| Funds | 2024 | |
| (restated) | ||
| £ | £ | |
| Other income from charitable activities | 1,791,612 | 1,791,612 |
| ============================ | ========================================= |
- 21 -
Charity Digital Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Period from 1 April 2024 to 30 September 2025
7. Investment income
| Investment income | |||||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2025 | Funds | 2024 | ||
| (restated) | |||||
| £ | £ | £ | £ | ||
| Bank interest receivable | 12,003 | 12,003 | – | – | |
| ======================= | ======================= | ============== | ============== | ||
| Expenditure on charitable activities by fund type | |||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2025 | |||
| £ | £ | £ | |||
| Direct charitable activities | 1,961,753 | 180,235 | 2,141,988 | ||
| Support costs | 664,099 | – | 664,099 | ||
| ----------------------------------------- | -------------------------------- | ----------------------------------------- | |||
| 2,625,852 | 180,235 | 2,806,087 | |||
| ========================================= | ================================ | ========================================= | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2024 | |||
| (restated) | |||||
| £ | £ | £ | |||
| Direct charitable activities | 1,909,639 | 110,245 | 2,019,884 | ||
| Support costs | 203,305 | – | 203,305 | ||
| ----------------------------------------- | --------------------------- | ----------------------------------------- | |||
| 2,112,944 | 110,245 | 2,223,189 | |||
| ========================================= | =========================== | ========================================= | |||
| Expenditure on charitable activities by activity | type | ||||
| Activities | |||||
| undertaken | Support | Total funds | Total fund | ||
| directly | costs | 2025 | 2024 | ||
| (restated) | |||||
| £ | £ | £ | £ | ||
| Direct charitable activities | 2,141,988 | 570,083 | 2,712,071 | 2,209,689 | |
| Governance costs | – | 94,016 | 94,016 | 13,500 | |
| ----------------------------------------- | -------------------------------- | ----------------------------------------- | ----------------------------------------- | ||
| 2,141,988 | 664,099 | 2,806,087 | 2,223,189 | ||
| ========================================= | ================================ | ========================================= | ========================================= |
8. Expenditure on charitable activities by fund type
9. Expenditure on charitable activities by activity type
10. Analysis of support costs
| Total 2025 | Total 2024 | |
|---|---|---|
| (restated) | ||
| £ | £ | |
| Staff costs | 483,069 | 22,063 |
| Premises | 66,836 | 89,486 |
| Communications and IT | 2,322 | – |
| General office | 470 | 21,401 |
| Finance costs | 2,880 | 1,330 |
| Governance costs | 94,016 | 13,500 |
| Legal and professional fees | 14,506 | 55,525 |
| -------------------------------- | -------------- | |
| 664,099 | 203,305 | |
| ================================ | ============== |
- 22 -
Charity Digital Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Period from 1 April 2024 to 30 September 2025
11. Taxation
Charity Digital Trust is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within the categories covered by Chapter 3 Part 11 Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
12. Net expenditure
Net expenditure is stated after charging/(crediting):
| Net expenditure is stated after charging/(crediting): | ||||
|---|---|---|---|---|
| 30 | Sep 25 | 31 Mar | 24 | |
| £ | £ | |||
| Foreign exchange differences | 9,218 | – | ||
| ======================= | ============== | |||
| 13. | Auditors remuneration | |||
| Period from | ||||
| 1 Apr 24 to | Year | to | ||
| 30 | Sep 25 | 31 Mar | 24 | |
| (restated) | ||||
| £ | £ | |||
| Fees payable to Burgess Hodgson Audit Limited | ||||
| Fees payable for the audit of the financial statements | 12,500 | _ | ||
| ============================ | ============================ | |||
| Fees payable to the charity's auditor and its associates for other services: | ||||
| Other non-audit services | 56,116 | – | ||
| ============================ | ============================ | |||
| Period from | ||||
| 1 Apr 24 to | Year | to | ||
| 30 | Sep 25 | 31 Mar | 24 | |
| (restated) | ||||
| £ | £ | |||
| Fees payable to Sayer Vincent LLP | ||||
| Fees payable for the audit of the financial statements | 5,850 | 13,500 | ||
| ======================= | ============== |
- 23 -
Charity Digital Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Period from 1 April 2024 to 30 September 2025
14. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| Period from | ||
|---|---|---|
| 1 Apr 24 to | Year to | |
| 30 Sep 25 | 31 Mar 24 | |
| (restated) | ||
| £ | £ | |
| Wages and salaries | 1,039,557 | 882,832 |
| Social security costs | 122,314 | 106,529 |
| Employer contributions to pension plans | 30,305 | 33,096 |
| ----------------------------------------- | ----------------------------------------- | |
| 1,192,176 | 1,022,457 | |
| ========================================= | ========================================= |
The average head count of employees during the period was 16 (2024: 19). The average number of full-time equivalent employees during the period is analysed as follows:
| 30 Sep 25 | 31 Mar 24 | |
|---|---|---|
| No. | No. | |
| Software and support | 3 | 4 |
| Marketing and mail | 10 | 10 |
| Support | – | 5 |
| IT | 1 | – |
| Executive | 2 | – |
| -------------- | -------------- | |
| 16 | 19 | |
| ============== | ============== |
The number of employees whose remuneration for the full 18-month period fell within the following bands, were:
| following bands, were: | |||
|---|---|---|---|
| 30 Sep 25 | 31 Mar | 24 | |
| No. | No. | ||
| £60,000 to £69,999 | 2 | 1 | |
| £70,000 to £79,999 | 1 | 1 | |
| £80,000 to £89,999 | 4 | 1 | |
| £90,000 to £99,999 | 0 | 1 | |
| £100,000 to £109,999 | 1 | 1 | |
| -------------- | -------------- | ||
| 8 | 5 | ||
| ============== | ============== |
15. Trustee remuneration and expenses
The Board members were not paid or received any other benefit from the charity (2024: £nil). Zero employees were reimbursed expenses totalling £nil in the year (2024: £nil). No Board member received payment for professional or other services supplied to the charity (2024: £nil).
The key management personnel of the charity comprise of the Board members and the Chief Executive Officer. The total employee benefits of the key management personnel of the charity were £nil.
- 24 -
Charity Digital Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Period from 1 April 2024 to 30 September 2025
16. Tangible fixed assets
| Group | Fixtures and | Computer | ||
|---|---|---|---|---|
| fittings | equipment | Total | ||
| £ | £ | £ | ||
| Cost | ||||
| At 1 April 2024 and 30 September 2025 | 51,302 | 187,141 | 238,443 | |
| ============================ | ================================ | ================================ | ||
| Depreciation | ||||
| At 1 April 2024 and 30 September 2025 | 51,302 | 187,141 | 238,443 | |
| ============================ | ================================ | ================================ | ||
| Carrying amount | ||||
| At 30 September 2025 | – | – | – | |
| ============================ | ================================ | ================================ | ||
| At 31 March 2024 | – | – | – | |
| ============================ | ================================ | ================================ | ||
| Charity | Fixtures and | Computer | ||
| fittings | equipment | Total | ||
| £ | £ | £ | ||
| Cost | ||||
| At 1 April 2024 and 30 September 2025 | 51,302 | 187,141 | 238,443 | |
| ============================ | ================================ | ================================ | ||
| Depreciation | ||||
| At 1 April 2024 and 30 September 2025 | 51,302 | 187,141 | 238,443 | |
| ============================ | ================================ | ================================ | ||
| Carrying amount | ||||
| At 30 September 2025 | – | – | – | |
| ============================ | ================================ | ================================ | ||
| At 31 March 2024 | – | – | – | |
| ============================ | ================================ | ================================ | ||
| 17. | Debtors | |||
| Group | 30 Sep 25 | 31 Mar 24 | ||
| (restated) | ||||
| £ | £ | |||
| Trade debtors | 165,633 | 156,008 | ||
| Prepayments and accrued income | 77,176 | 1,972 | ||
| Other debtors | _ | 51,358 | ||
| -------------------------------- | -------------------------------- | |||
| 242,809 | 209,338 | |||
| ================================ | ================================ | |||
| Charity | 30 Sep 25 | 31 Mar 24 | ||
| (restated) | ||||
| £ | £ | |||
| Trade debtors | 91,871 | 104,657 | ||
| Amounts owed by group undertakings | 331,440 | 326,513 | ||
| Prepayments and accrued income | 61,313 | 44,481 | ||
| Other debtors | 10,500 | 12,472 | ||
| -------------------------------- | -------------------------------- | |||
| 495,124 | 488,123 | |||
| ================================ | ================================ |
- 25 -
Charity Digital Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Period from 1 April 2024 to 30 September 2025
18. Investments
| Group | 30 Sep 25 | 31 Mar 24 | |
|---|---|---|---|
| (restated) | |||
| £ | £ | ||
| Short-term deposits | – | 94,719 | |
| ============== | ============================ | ||
| Charity | 30 Sep 25 | 31 Mar 24 | |
| (restated) | |||
| £ | £ | ||
| Short-term deposits | – | 94,719 | |
| ============== | ============================ | ||
| 19. | Cash and cash equivalents | ||
| Cash and cash equivalents comprise the following: | |||
| Group | 30 Sep 25 | 31 Mar 24 | |
| (restated) | |||
| £ | £ | ||
| Cash at bank and in hand | 589,944 | 607,221 | |
| Short-term deposits | – | 94,718 | |
| -------------------------------- | -------------------------------- | ||
| 589,944 | 701,939 | ||
| Charity | 30 Sep 25 | 31 Mar 24 | |
| (restated) | |||
| £ | £ | ||
| Cash at bank and in hand | 252,227 | 416,310 | |
| Short-term deposits | – | 94,719 | |
| -------------------------------- | -------------------------------- | ||
| 252,227 | 511,029 | ||
| ================================ | ================================ | ||
| 20. | Creditors: amounts falling due within one year | ||
| Group | 30 Sep 25 | 31 Mar 24 | |
| (restated) | |||
| £ | £ | ||
| Trade creditors | 86,876 | 206,299 | |
| Accruals and deferred income | 326,856 | 235,100 | |
| Social security and other taxes | 32,052 | 87,183 | |
| Other creditors | 296,152 | 161,180 | |
| -------------------------------- | -------------------------------- | ||
| 658,475 | 689,762 | ||
| ================================ | ================================ | ||
| Charity | 30 Sep 25 | 31 Mar 24 | |
| (restated) | |||
| £ | £ | ||
| Trade creditors | 85,044 | 202,492 | |
| Accruals and deferred income | 314,510 | 227,349 | |
| Social security and other taxes | 23,548 | 71,164 | |
| Other creditors | 19,519 | 7,202 | |
| -------------------------------- | -------------------------------- | ||
| 442,621 | 508,207 | ||
| ================================ | ================================ |
- 26 -
Charity Digital Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Period from 1 April 2024 to 30 September 2025
21. Creditors: amounts falling due after more than one year
| Group | 30 Sep 25 | 31 Mar 24 |
|---|---|---|
| (restated) | ||
| £ | £ | |
| Other creditors | - | - |
| ================================ | ================================ | |
| Charity | 30 Sep 25 | 31 Mar 24 |
| (restated) | ||
| £ | £ | |
| Other creditors | 203,411 | 326,513 |
| ================================ | ================================ | |
| Deferred income | ||
| 30 Sep 25 | 31 Mar 24 | |
| (restated) | ||
| £ | £ | |
| At 1 Apr 24 | 192,488 | 320,708 |
| Amount released to income | (897,209) | (648,850) |
| Amount deferred in period | 992,350 | 520,628 |
| -------------------------------- | -------------------------------- | |
| At 30 Sep 25 | 287,629 ================================ |
192,486 ================================ |
22. Deferred income
23. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £30,305 (2024: £33,096).
24. Analysis of charitable funds
Group Unrestricted funds
| Group Unrestricted funds |
|||||
|---|---|---|---|---|---|
| At | |||||
| At | 30 September | ||||
| 1 | April 2024 | Income | Expenditure | 2025 | |
| £ | £ | £ | £ | ||
| General funds | 221,515 | 2,495,154 | (2,625,852) | 90,817 |
|
| ================================ | ========================================= | ========================================= | ============================ | ||
| At | At | ||||
| 1 | April 2023 | Income | Expenditure | 31 March 2024 | |
| £ | £ | £ | £ | ||
| General funds | 526,724 | 1,917,980 | (2,223,189) | 221,515 |
|
| ================================ | ========================================= | ========================================= | ================================ |
- 27 -
Charity Digital Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Period from 1 April 2024 to 30 September 2025
24. Analysis of charitable funds (continued)
Restricted funds
| Restricted funds | ||||
|---|---|---|---|---|
| At | ||||
| At | 30 September | |||
| 1 April 2024 | Income | Expenditure | 2025 | |
| £ | £ | £ | £ | |
| Tides Foundation | – | 87,961 | (87,961) | – |
| DCCD Project | – | 7,723 | (7,723) | – |
| The Charity Digital Code of Practice | – | 25,949 | (25,949) | – |
| Techsoup | – | 5,268 | (5,268) | – |
| The National Council for Voluntary | ||||
| Organisations | – | 3,000 | (3,000) | – |
| Resource for London | – | 2,500 | (2,500) | – |
| Clothworkers Grant | – | 20,000 | (20,000) | – |
| Microsoft | – | 2,282 | (2,282) | – |
| Dell | – | 16,431 | (16,431) | – |
| Meta | – | 9,121 | (9,121) | – |
| ================================ | ========================================= | ========================================= | ============================ | |
| At | At | |||
| 1 April 2023 | Income | Expenditure | 31 March 2024 | |
| £ | £ | £ | £ | |
| Tides foundation | – | 110,245 | (110,245) | – |
| DCCD Project | – | – | – | – |
| The Charity Digital Code of Practice | – | – | – | – |
| Techsoup | – | – | – | – |
| The National Council for Voluntary | – | – | – | – |
| Organisations | ||||
| Resource for London | – | – | – | – |
| Clothworkers Grant | – | – | – | – |
| Microsoft | – | – | – | – |
| Dell | – | – | – | – |
| Meta | – | – | – | – |
| ================================ | ========================================= | ========================================= | ================================ | |
| Charity | ||||
| Unrestricted funds | ||||
| At | ||||
| At | 30 September | |||
| 1 April 2024 | Income | Expenditure | 2025 | |
| £ | £ | £ | £ | |
| General funds | 164,432 | 2,221,312 | (2,284,423) | 101,321 |
| ================================ | ========================================= | ========================================= | ============================ | |
| At | At | |||
| 1 April 2023 | Income | Expenditure | 31 March 2024 | |
| £ | £ | £ | £ | |
| General funds | 338,654 | 1,004,437 | (1,178,659) | 164,432 |
| ================================ | ========================================= | ========================================= | ================================ |
- 28 -
Charity Digital Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Period from 1 April 2024 to 30 September 2025
24. Analysis of charitable funds (continued)
Restricted funds
| Restricted funds | ||||
|---|---|---|---|---|
| At | ||||
| At | 30 September | |||
| 1 April 2024 | Income | Expenditure | 2025 | |
| £ | £ | £ | £ | |
| Tides Foundation | – | 87,961 | (87,961) | – |
| DCCD Project | – | 7,723 | (7,723) | – |
| The Charity Digital Code of Practice | – | 25,949 | (25,949) | – |
| Techsoup | – | 5,268 | (5,268) | – |
| The National Council for Voluntary | ||||
| Organisations | – | 3,000 | (3,000) | – |
| Resource for London | – | 2,500 | (2,500) | – |
| Clothworkers Grant | – | 20,000 | (20,000) | – |
| Microsoft | – | 2,282 | (2,282) | – |
| Dell | – | 16,431 | (16,431) | – |
| Meta | – | 9,121 | (9,121) | – |
| ================================ | ========================================= | ========================================= | ============================ | |
| At | At | |||
| 1 April 2023 | Income | Expenditure | 31 March 2024 | |
| £ | £ | £ | £ | |
| Tides foundation | – | 110,245 | (110,245) | – |
| DCCD Project | – | – | – | – |
| The Charity Digital Code of Practice | – | – | – | – |
| Techsoup | – | – | – | – |
| The National Council for Voluntary | – | – | – | – |
| Organisations | ||||
| Resource for London | – | – | – | – |
| Clothworkers Grant | – | – | – | – |
| Microsoft | – | – | – | – |
| Dell | – | – | – | – |
| Meta | – | – | – | – |
| ================================ | ========================================= | ========================================= | ================================ | |
| 25. Analysis of net assets between funds | ||||
| Group | Unrestricted | Total Funds | ||
| Funds | 2025 | |||
| £ | £ | |||
| Current assets | 832,753 | 832,753 | ||
| Creditors less than 1 year | (741,936) | (741,936) |
||
| Creditors greater than 1 year | – | – | ||
| -------------------------------- | -------------------------------- | |||
| Net assets | 90,817 | 90,817 | ||
| ================================ | ================================ | |||
| Unrestricted | Total Funds | |||
| Funds | 2024 | |||
| £ | £ | |||
| Current assets | 911,277 | 911,277 | ||
| Creditors less than 1 year | (689,762) | (689,762) |
||
| Creditors greater than 1 year | – | – | ||
| -------------------------------- | -------------------------------- | |||
| Net assets | 221,515 | 221,515 | ||
| ================================ | ================================ |
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Charity Digital Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Period from 1 April 2024 to 30 September 2025
25. Analysis of net assets between funds (continued)
| harity | Unrestricted | Total Funds |
|---|---|---|
| Funds | 2025 | |
| £ | £ | |
| Current assets | 747,351 | 747,351 |
| Creditors less than 1 year | (442,621) | (442,621) |
| Creditors greater than 1 year | (326,513) | (326,513) |
| -------------------------------- | -------------------------------- | |
| Net assets | (21,783) | (21,783) |
| ================================ | ================================ | |
| Unrestricted | Total Funds | |
| Funds | 2024 | |
| £ | £ | |
| Current assets | 999,152 | 999,152 |
| Creditors less than 1 year | (508,207) | (508,207) |
| Creditors greater than 1 year | (326,513) | (326,513) |
| -------------------------------- | -------------------------------- | |
| Net assets | 164,432 | 164,432 |
| ================================ | ================================ |
Charity
26. Analysis of changes in net debt
| Group | At | |||
|---|---|---|---|---|
| At 1 Apr 2024 | Cash flows | 30 Sep 2025 | ||
| £ | £ | £ | ||
| Cash at bank and in hand | 607,221 | (17,277) | 589,944 |
|
| Current asset investments | 94,718 | (94,718) | – |
|
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| 701,939 | (111,995) | 589,944 |
||
| ================================ | ================================ | ================================ | ||
| Charity | At | |||
| At | 1 Apr 2024 | Cash flows | 30 Sep 2025 | |
| £ | £ | £ | ||
| Cash at bank and in hand | 416,310 | (164,083) | 252,227 | |
| Current asset investments | 94,719 | (94,719) | – | |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| 511,029 | (258,802) | 252,227 | ||
| ================================ | ================================ | ================================ |
27. Prior year amendment
In the prior year financial statements, the restricted funds included deferred income which had performance obligations still to be carried out by the group. The restricted funds balance should not have included these balances; these balances should have been presented as deferred income within creditors. The prior year restricted funds has been debited £83,164 and the deferred income has been credited for the same amount. This results in a negative £83,164 impact on the statement of financial position, increasing liabilities & decreasing total equity.
28. Related party transactions
Charity
At the balance sheet date, £331,440 (2024: £326,513) was owed by a company under common control.
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