Reglstsred number: 06560779 Charfty numbor: 1133656 APPS FOR GOOD (A company Ilmitod by guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 RPGCC Chartered ACCtants & Statutory Audltor 40 Gracechurch Str88t London EC3V OBT
APPS FOR GOOD (A company Ilmlted by guarantee) coKrENTS Page Referenc• and admlnlstr8tiv• dètalls of the Charlty, Its Trusts•s and advisers Tru•to•8' raport Indopondont audltors. rnport on tho flnandal statemonts Statnot of financl•l actlvltlo• 2-12 13-16 17 Balance •h••l 18 stat•rnt of cuh flow8 19 Not•s to tho financlal *tat•m•nts 20-37
APPS FOR GOOD (A company Ilmlted by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2024 Trustees Marc Abraham Mohima Ahmed Emma Darcy James Garnett Rebecca Garrod-Wat8rs Mark Martin Andrea Slndalr (reslgned 28 Sapt8mber 2023) Company r•gl$t•r•d number 06560779 Chartty r•gl•t•rod numb•r 1133656 R•gl•ter•d offl clo RPGCC 40 Gracechurch Street London EC3V OBT Company •ocrotary L P8rkln8 Chl•f •x•cutlvo offl¢•r N Moore Indopondont audttor• RPGCC Chartered Accountsnts 8nd ReglBterad Audltor London EC3V OBT Page 1
APPS FOR GOOD (A company Ilmlted by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The Trustees present thelr annual report together with the audited financial statements of th8 charity for the year from 1 September 2023 to 31 August 2024. The 8nnual report serves the purposes of both a Trustaes. report and a directors, report under company law. The Trustees conflmi that the annual report and financlal statements of th8 charitable company Comply with the currènt ststutory requirements, the requirements of th8 charitable companvs goveming document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparlng their accounts in accordance wilh thè Flnancial Reporting SLqndard appli¢able in the UK and Republic of Ireland {FRS102). Sinc8 the dwrfty quallfies as small under section 382 of the Companies Act 2006. the straleglc report required of médium and large companies under the Companles Act 2006 (Strategic Report and Directors. Report) Regulations 2013 has been omttted. STRUCTURE. GOVERNANCE AND MANAGEMENT Con8titullon The company reglstered wlth the Charity Commlssion on 21 st January 2010 and Is also a company Ilmtted by guarantee. The company was established as CDI Europe Llmited under the Memorandum and Artlcles datsd 9th April 2008. as amended by special resolutions dated 8th January 2010 and 21st July 2011. 8th December 2015 and 20th Jun8 2016. It was renamed to CDI Apps for Good on 24th September 2012 and then renamed Apps for Good on 21 st Septemb8r 2016. Apps for Good promotss technology education among young people In the UK, in partlcular young people experlencing challenges and barriers to th8lr success. Young peop58 Outslde of the UK can also access our online conlent and our dellvery partner CDI Portugal operates In schools In Portugal. The Trust883 have considered the Charfty Commlsslon's general guSdance on publlc benefit In relatlon to the obJectiV6s of the charity. This report $8ts out those objectives and descrlbes how they have been met in the current year. Tru•toe• The Trustees who were also dir8Ctors of the company during the perfod ware: Ms Mohlma Ahmed Mr Marc Abraham Ms Emma Darcy Ms Rebecca Garrod-waters Mr Mark Martin M8E Mr James Gamet Ms Andrea Slndalr (reslgned 28 September 2023) The Trustees are elected to serye 8 terni of three years in th8 General Meeting by the members of the company who are the guardntors. The Trustees convene at least four tlmes a year In per80n or via conference call to dl8cuss Apps for Good's strategies, projects, fundralsing plan and financial status. Members The members of the company during the perlod were: Ms Mohlma Ahmed Mr Marc Abraham Mr Mark Martin MBE Ms Emma Darcy Mr James Gamett Ms Rebecca Garrod-waters Page 2
APPS FOR GOOD (A company limitsd by guarantse) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Mr Jim Knight tami ended 9th October 2023 Mr Petros Demetriades temi ended 9th October 2023 Mr Guilheme Collares Pereira t8rm ended 9th October 2023 Ms Andrea Slnclalr resigned 28th September 2023 MrJami8 Brooker term ended 9th October 2023 Ms Iris Lapinski resigned 7th November 2023 Mr Randeep Sidhu resigned 7th November 2023 Under the govemance of the company implemented on 20th June 2016, the Members are elected to serve temi of three years in the General Meeting by the existing members of the company. The Members convene at least twice a year in person or vla conference call as the. Councll of Members. Members in attendance at Council of Members Meetlngs shall provlde ¥tratsgic guldance, exparttse, access to netsvork8, and 8UPPOrt to the overall mlssion of App8 for Gcod. Poll¢lM adoptod for th• Inductlon and tralnlng of Truste08 Slnce 2018 there Is a two-tler govemance Structure with a 8oard of Trustee5 arKI Membors of the Councll. The Councll Members are selected and approved the Trustee5. A8 defined In the artlcles, trustees are elected for three years by the members of the company. Most trustees are already famlllar wth the work of the charity and th8ir tralnlng Involves briefing on thelr dutles and liabllllle8. Addltk>nally. new trustees recelve an Inductlon pack coverlng: The Duties of Charity Trustees., The Chariws Memorandum & Articles of Association, lal8sI published annual report and accounts, flnancial projectlons and budgets, and project and programme plans and publicatlons; Trustee detsils and staff structure; The E5s8ntial Trustee.. What you need to know (Charity Commission). The Trustees must slgn a fft and proper dadaration and 8 wlllingnesB to act declaration. D•cl•lon4n•klng pollclej Declsions are made in Iln8 With the 0818gation of Authority set out in the Articl8s of Associatlon. The Senlor leadership of the company Share proposals with the Trustees at regular meetlngs and they are approved or not at that time. Items which then nead to go to Council Members are addressed at the next Council Meeting In the calendar. M•thod• of appolntmènt or •l•ctlon of Trustees The management of Ihe Gharlty is the responsibility of the Trustees who are elected and cwpted under the terns of the Trust deed. Pay pollcy for key managomont por8onnel We have a formalls8d process for appointing new staff and for performanc8 r8views and promotions. When advertising new roles. we undertake market resoarch to benchmark our salaries against relevant Industy standards. Each team member has a Roles and Responsibiliiies documen( Induding percentage breakdown of time and quarterfy objectives. which is reviewed and updated at quarterly revlews. Salari8s are reviewed based on changes to responsibilities to ensure staff are appropriately and fairly remunerated for expanding job roles and increased seniority. We have an annual salary benchmarking review to provide transparency and ensur8 consist8ncy across the team. Page 3
APPS FOR GOOD (A company limlted by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 The process for calculating key managèment remuneration is similar to that of the rest of thè workforce with SLrfficlent delegation of authority. We review industry practice for similar posltions to benchmark the salaries accordlngly. The Trustees approvè salary levels and incr8ases for the CEO and they in tum approve salary Ièv8ls and increase8 for the rest of the key managemant t8am. CHARITABLE OBJECTS AND ACTIVITIES Pollcles and tsbJéetlv•8 The company was Incorporatsd on 9th Aprll 2008 and activilles commanced on 16th June 2008. Charitable 8taius was achieved on 21st January 2010. The prfndpal objects of the company are to promote educatlonal programs that expose young people to new Informatlon and comrnunlcalion lechnologies to facilltate digital and Soclal indusion and to raise publlc awareness of the Charitys oblects introduGing th8 App8 for Good model to the general public. as well as to institutlons, foundation8 and potential partners in the UK and elsewhere. In settlng objectNes and plannlng for 8Ctivitie8, the Trustees have glven due conslderatlon to general guldance published by the Charity Commlssion relatlng to publlc benefit. Includlng the guldance 'Public benefit: runnlng charity (PB2}'. ACHIEVEMENTS AND PERFORMANCE Genornl Inforniatlon Apps for Good launched In 2010111 wlth Iwo Education Partners and 50 students as 8 pilot scheme In a community centr8 In Brixton and an all-gld8 State school in Tower Hamlets in London and has slnce grown to reach 30,000 young people annually in the United Kingdom. As techrKJlogy continues to transform the way we Ilve and work. more wung people need tach innovation skllls to succeed in their fuiure careers. Schools are contending with a wealth of challeng8s Indudlng budget constralnts, difficultles In recruiting and retaining leachers, and h8avy workload8; yet they have an important role In delivering a computing curriculum that18 relevant and 8ngaglng to leamers. We know that technology can help addr888 blg social challeng88 and is most successful when It's creatsd by those wlth Ilved experience. That's why we aré reaching young péople among underrepresented group8 and Insplrlng them to be part of a new. dlverse generatlon of purp08eful teth Innovators. We believe that all 5rJung people Should have the opportunlty to shape their future wlth technology. In our courses, students don't lust leam how to code - thoy develop the skills to empower them to take aGtion on the Issues they care about most. We work with schools to provide free computSng courses to students. giving teachers ready-made educatlon ontent. so young people from all backgrounds can develop thelr computing. digltal literacy. and ossentlal skills to change thelr world for the better. Page 4
APPS FOR GOOD (A company Ilmited by guarantsa) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Apps for OurTheory of Change lkn•¥J&) AAwldt• lor Our Value Proposition Ih•¢swtlalskl TECH wr¢•x•shelp I1*MtodYQduCIs rele¥ani t0th9m¢WA1IChVytIMtr Pag8 5
APPS FOR GOOD (A company limlted by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Our strateglc prlorltlos for the 2023124 were to: Maintain strong organlsational culture. live our value5. Provide all team members with development and trainlng opportunlties. including budget to spend on courses. mentorlng, books, events that support their professional development Meet 2023124 fundraising target 01 £650,000 Grow exisung corporate partnershlps & explore multl-year proposals Develop an updated pipeline of new corporate partners Grow our pipeline of T&F partners and develop relationshlps and proposals for prospectlve fur)d8rs Rewit and support teachers to dellver all Apps for Good COUeS.. Reach 32,000 young people from a total of 750 UK schools, 65% from underrepresented group8, of which 200 are Innovate for Cllmate Change delivering schools & 100 are App for Social Action dellverfng schools Creat8 a communlty of 20-30 educabrs In order to bulld relatlonships and 8mbed the course In schools and Multl-Academy Trusts to galn valuable Inslghts and Improve our Impact cleC'0n. Scale Industry engagement opportunitles lo enable 70% of all ICC and ASA dellverlng schools to have at least one industry interactlon. in¢ludlng enty to Show¢ase Develop and launch new course content wllh a focus on Al, allgned to the Toc Better define our content offer and migrate existing users to ASA & ICC Revlew of 2023124 Actlvltlos The Trustees consider 2023124 to b> a su¢¢essful year where Apps for Good has continued to make signlficant progress In achievlng Its long-temi go81. Desplte the ongoing challenges In the wlder education sector, the 2023124 academic year has been another year of growth for Apps for Good, seeing our courses reach over 30,000 young people from schools across the Un5ted Klngdom. We've alscl sean young people around the world take part In our courses. wlth our delivery partner CDI Portugal reachlng 182 schools arKI 3764 young people across Portugal. In the UK, 144 schools d8llv8red our Innovate for Cllmate Change course, a 58% Increase from Ihg prèvious academic year, and 101 schools delivered our App for Social Action course in its very flrst year. W8 also conducted a small pilot of our new Al for Good course whlch is now live for the 2024125 academic year, and already gaining popularity. Th8 charfty was succ8s8ful in its fundraising efforts allowlng us to Invest in the right areas. trialllng and testlng new methods of marketing. includlng podcasts. d1ct mall, and advertislng allowing us to target our ommunication lo schools in challenging circumstances. Apps for Good also employed new members In Fundraising & Partnerships, Communications & Marketing. and Impact. We've continued to invest in the area of Impact & Evaluation, kicking off a long-term evaluatlon of the App for Soclal Action course with an extemal evaluation agency, The Institute of Employment Studies. Page 6
APPS FOR GOOD (A company Ilmlted by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 foy In 2023/24, our courses reached 701 31,143 841 Schools Young people Teachers Our impact on essential skills ID . We asked 51udèAtJto hadl¥rwo¥edasaroK4tof Ih¢*4yslorGo&J¢(xn& 86%1 sklli•t t••st62% Page 7
APPS FOR GOOD (A company Ilmited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Our impact on computing skills 81% ofswrfy r¢sponden15 reporteé impro%thwntS in rhtir orryjiiier piosrarnmin8 skills. rih*wil Lwb 71% &iid they rtl¢ more e¢ermined lo learn in comwilin8 lessons1gllowinR Iheeourse. GOAL I Maintaln strong organlsatlonal culture, Ilve our values. Achlevemonts: Successful hlring and onboardlng of new team member8. Inlrodijctlon of a bl-annual team survey, with posltlV8 results and feedback. Improvement to our annual pay review process. We underwent a full review of our 8mployee harKlbook and policies, which resulted in the creation of new pollcies and their sharing with the team. We continue lo work well remotely, wlth regular opportunits'es for team members to meet In person, whether this Is In sub-leams or as a whole team. Varfous team memb8rs have used thelr training & development budgel to undertake relevant trainlng. GOAL 2 Meet 2023124 fundralsing target of £850,000. hiev•ments'. We raised a total of £735,733 Income resulting in an operating suU of £54.100, Cash management remains healthy. closing the year with 7 months of reserves. Continued strong relationships with funders and partners. Regular meetlngs between the Fundraising & Partnèrshlps team and the Sanior Management team to explore new fundraislng opportunili8S. GOAL 3 Recruit and support teachers to d8liv8r all Apps for Good cours85 Achlevements: Reached over 30,000 young people from schools across the Unlt8d Klngdom. 144 schools delivered our Innovate for Climate Change course, a 58% IncaSe from the prevlous academic year. 101 schools delivered our App for Soclal Action course In it5 very first year. Conducted a small pllot of our new Al for Good course. Trialled and tested new ways of communicating with schools in challenging circUmstans. Improved the educator userjoumey and website experience, to improve engagement. Page 8
APPS FOR GOOD (A company Ilmlted by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 GOAL 4 Creats a community of 230 aducators in order to bulld relationships and embed tha course In schools and Multi-Academy Trusts to gain valuable irksights and improve our impact collection Achlevement•: A community made up of 10 of Apps for Good's most highly engaged educators were r8CNited as Apps for Good Fellows Engagement from Fellows across various events induding. Industy Engagernent. Showcase, Impact Int8rviews, Webinars, Focus Groups GOAL 5 Scale Industry engagement opportunlties to enable 70% of all ICC and ASA deSlvering schools to have at least one Industry interadion, includlng enty to Showcase Achlovemgnt8: 315 volunteers from 46 compani88 provided feedback and Support to Apps for Good students. 193 teams and 660 young people entered our Showcase. There were 4,291 reviews of students, app Ideas from 232 8hort118t9r8 as part of Showcase. 100% of teacher respondents rated thelr Industy en9agement session as "excellent" or fvery good.. Students from 16 schools took part In our Cllmate Change and Digltal Innovation Summlt in partn8rshlp with the Chlltem Learnlng Trust. GOAL 6 Develop and launch new course cont8nt with a focus on Al, 81igned to the Toc Achlevements: Al for Good course pllot took place with schools across the Unlted Klngdom and Portugal with posltlve feedback. Legacy courses were removed from the Apps for Good website. Focused messaging supporting schools io choose from one of our three current courses. App for Soclal Actlon. Innovate for Cllmate Change and Al for Good. Al for Good ready to launch In the 2024125 academlc year. Fundrnlsing During the financial perfod end August 2024, Apps for Good ee1ved funds from six maln grants: Hg Foundation (236,500}', Ovo (£114,480)., Bank of New York Mellon (£111,358)- Google1£50,000)- Garfield Weston (£50.000) and Spectris Foundation (£50.000), as well as voluntary income from varlous other organlsations., please see Note 4 & 5 for more detsll8. Looklng fornard: A solld foundatlon for po$ltlvo chango After a thorough revlew and consultation wlth educators, we havè gradually retired our older courses. p1acing them over the past three years with three new courses - Innovate for Clirnate Change, App for Social Actlon and Al for Good. There are a number of benefits to deliverlng our new coursès. We draw on the very best teachlng and leaming approaches: course delivery Is shorter and more flexible. plus the courses are Skills Builder accredited and mapped to UK computing currfculums. Now that we've Introducod our new courses, our focus tums lo making sure we reach even more schools, specifir211y those in challenging clrcumslances. We're exploring new ways to reach educators, which are sympathetic to the incredlbly busy schedules of school leaders and dassroom teachers. Page 9
APPS FOR GOOD (A company limited by guaranteè) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 We recognise that we're on a continuous leamlng loumey, so thè more feedback we glean from students and teachers, the more wo learn, the more we iterate and the greater impact we will hav6. That's why we're so kéen lo receive feedback from schoolsl We're implementing new processes lo increase our survey response rates and exploring ways to make personalised impact dal8 evallabl8 to schools. Our Theory of Change connects our daY-tdaY work to our mission and vision. As well as measuring our Impact on short-term outcomes (on studÈnts' computing and essential skills), il's also important for us to understand our Impact on long-term outcomes. That's why we will continue to re1ve support from the Hg Foundatlon to deliver an independent evaluation of Ihe App for Social Actlon course wlh the Iristltute of Employment Studles. We're excited to dlscover what impact our courses have on students. subject cholces. We wlll contlnue to evolve our impact measur8menl approach to ensure 11 Is robust and provides actionable Insights. We'rs commltted to sharlng what we learn along the way and will r9main transparenl about our Impact Joumey. As we celebrate 15 years of Apps for Good In 2025, we're exclled to hear from previous Apps for Good students about what theyre doing nowl In the year ahead we look forward to working wlth new and existtng partners who are plvotal to providing our courses free of charge to schools, as well as providing the industry engagemenl opportunlties and Insplrational role models that are so valuable to the young people at the heart of our work. 2024125 Prlorltlo• Our strateglc prloritles for 2024125 ar8: Malntaln strong organlsatlonal cult(Irei guidèd by our values with strong tèam mornlo. All team members to complete staff Survey twlce a year. wlth a Net Promoter Score of at least 30 Meat 2024125 fundralslng target of £690,000 Grow existing corporate partnerships & explorè mulli-year proposal8 Develop an updated plpeline of new Corporate partners Grow our pipellne of T&F partners and develop relationships and prop08818 for prospectlve furKlers Recrult and Support MATS & schoo18 to delivèr all Apps for Good eoursos: Reach 33,500 young people from a total of 775 UK schools. 650/0 from challenging clrcumstances A mlnimum of 400 are ICC delivering schools A minimum of 250 are ASA delivering schools A mlnimum of 25 are Al for Good d81iverln9 schools 65% of respondents record Improvements In CoMp1n9 skllls AND at least 5 essentlal •klll$ 5% of course-sp8cific schools complete pre and post-course student SUTveys We conduct student Interviews or focus groups wtth 8% of cour8e-specifiG school FINANCIAL REVIEW Golng Concom Golng Into 2024125. the work we do remains vital, with the cost of Ilving cdsis disproportionately impactlng disadvantaged young people and widenlng the skllls and opportunity gap even further. Industrial action wilhln schools also remains a significant risk. In splte of this, we malnlain significant strengths In the market, which Include our new course content,- educator and funder relationships. reach to young people in need: team expertise,. and our ability to innovate. Page 10
APPS FOR GOOD (A company Ilmited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Apps for Good flnished 2023124 In a strong flnancial p05itlon wlth slgnificanl raserves. We will use 2024125 to invest in our strateglc priorities, as well as &nsuring the Programmes and Comms and Marketing teams fe81 supported. We will a150 be Investing In our Impa¢t tools, collection and utlllsing an extemal impact evaluation partner as part of our partnership with Hg Foundation. Financlal Parformanc• During the financial period end August 2024, Apps for Good reported net incomlng resource8 for the year of £54,160 compared to 2023, whlch reported (£9.763) net oulgolng resources. Total Income for 2023124 was £735,733 compared to 2022123 £517,288. Total expendlture for 2024 wa8 at a higher level to the prevlous year (£681,573) compared to 2023 (£527.051). The account8 hold a value for Pension for the August 2024 payroll whlch waB Ihen pald to our pension provider In September 2024. Matèrlal Inve8tm•nt8 Pollcy Surplu8 funds are held in notice accounts by fund8r. Fundral8lng Pollcy Apps for Good has 8n ambltious strategy to help young people change their world through 18chnology. To deliver this strategy, we need funds. Raising funds does not drive the work of Apps for Good, but il enables us to deliver our work. We are honest and act with integrity In all our fijndraislng. We alm to bulld mutually beneficlal partnerships that provide real impact for young p&ople. We conform to recognised Industry practlces and always enter discussions by way of writing proposals and having signed Contracts by both parties. We have never received a complaint regarding our fundraislng. We do not Currently target the general public for fundraislng and are never unreasonably intrusive or contact parties p8rsislenlly. Organisalions willlngly provide funds to our mission in the spirit of a charitable donation, and we work with them to ensure that We ¢an use their expertlS8. skills and re8our¢es lo further our impact and support our beneflclarles. We also have a Responslble Fundraising Policy that is reviewed by Trustees; this outlines the organisations that we would, and would not, take funding from and the policy lo follow if a member of staff is unsu. R•s•rv•8 Pollcy Procedures are In place to monltor the flnances and ensure that the Charity retains adequate reserves to meet Its commitments. The reseryes policy is lo ensure that sufficient funds are available to Cover b8lTheen three and Six months, salary and running costs. At the year-end our reserves were £423,227 which amounted to seven months, expendlture. Th8 Trustees are satisfied the reserves a In Ilne with the spirit of the policy and are considered prudent. Rlsk Management The Iruslees confirm that they have idenlifled and reviewed the major risk5 to which Ihe charity Is exposed and have established systems to mitigate those risks. Speciflcally, they indude: Operating sustainably and adapting to ¢hang85 faced by sthools and the wider education space due to ongoing polillcal and economic uncertainties. Operating sustainably within a crowded education space and with increasingly divergent curriculums and gov6mment policie5 across the UK Supporting and managing a distributed tèam. ensuring collaboration and shared culture, mission. and values. whilst managing workload and encouraging a workllrfe balance Page 11
APPS FOR GOOD (A company limitad by guaranteè) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Sustaining arKI scaling of operatlonal model to deliver Impact on a dlverse group of young people with a lean operational slructure Regular monitoring of short term cashflow and lontrtemi fundlng of the chaTIty Member5, Ilability The Members of th8 charlty guarantee to contribut8 an amount not exceeding £10 to the assets of the charity in the event of winding up. Stat•mant of Trustees. responslbllttles The Trustees (who are also the directors of the charity for the purposes of company law) are responsible for prèparfng the Trustees. report and th8 financial statements In accordance with applicable law and Unlted Klngd<)m Accounting Standards (United Kingdom Gen8rally Accepted Accountlng Practice). Company law requires the Trustees to prepar8 financial st8t8ments for each financial ar. Under company law. the Trustees must not approve the financial statemenis unless they arè satisfied thal they give a true and fair vl8w of the stste of affairs of the chadty and of Its incoming resources and applicatlon of resourc8s, Includlng its income and expendilure, for that period. In preparlng these financlal statements, the Trustees are required to: seled suitable accountSng pollcles and then apply them conslstently., observe the methods and principles of tha Charitles SORP (FRS 102); make judgmgnt8 and accounllng estimates that are reasonable and prudent., state whether applicable UK Accounting Standards (FRS 102) have been followed. subject to any m8t8rlal departures disclosed and 8xplained in the financial statements., pr8pare the financial statements on the going conc8m basis unless it 18 inappropriate to presume that the charlty will contlnue In busin8SS. The Trustees are responsible for keeping adequate accounting records that are sufficient to Show and explain the charitys transactions and dlsclosè wllh reasonabl8 accuracy at any tlme the financial position of the charlty and enable them to ensure that the flnanclal statements comply wlth the Companies Act 2006. They are also responsible lor safeguarding th8 8ssets of thè chaflty and hence for tsking reasonable 8teps for the preventlon and d8tedlon of fraud and other irregularities. D18clo$ure of infomation to auditor Each of the per80ns who ar8 Trust888 at the tlme when th18 Trustees, report Is approved has confirmed that: so far as that Trustee Is aware. there is no relevant audlt Informatlon of which th8 charitys auditor is unaware. and that Trustee has taken all the steps that ought to have been taken as a Trustee In order to be aware of any relevant audit information and to esiabllsh that the charitys auditor is aware of that information. Auditor The audltor. RPG Crouch Chapman LLP. has indicated hls willlngness to continue In office. The designated Trustees wlll propose a motion reappointlng the auditor at a meeting of the Trustees. The financial statements have been prepared In accordance with the provisions appllcable to entitles subject to the small companles gIrna. Approved by ord8r of the m8mb8rs of the board of Trustees and signed on their behalf by: e5 Gam tee Tr Date: ZSIOZI LS Page 12
APPS FOR GOOD (A company limlted by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF APPS FOR GOOD Oplnlon We have audited th8 financial stat8m8nts of Apps for Good (the 'charity> for the year end8d 31 August 2024 whlch comprise th8 Statement of financial activities, the balance sheet. the statement of cash flows and th8 rèlated notes. Induding a summary of significant accounting policles. The financial reportlng framework that has been applied In thelr pparation is applicable law and Unlted Kingdom Accounllng Standards, includlng Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and RepublSc of Ireland, {Unlted Kingdom Generally Accepted Accounting Pr8ctSce). In our opinlon the flnanclal stst8m8nts: glve a true and falr vlew of the 8tste of the charitable compan5ls affalrs as at 31 August 2024 and of its Incomlng resources and applicatlon of re80urce8, Includlng its income and expendlture for the year then ended: have been properly prepared in accordance wlth Unlted Klngdom Generally Accepted Accountlng Practlce; and have baen prepared In accordance wlth the requlrements of the Companles Act 2006. Ba31s for oplnlon We conducted our audit Sn accordance with Internatlonal Standards on Audltlng (UK) (ISAS (UK)) and appllrable law. Our r8sponsibilitles under those standards arg further de8crlbed In th8 Auditors, responsibilltles for the audit of the financial statements section of our report. We are independent of the charitsble company in accordance with the ethical requirements that are relevant lo our Budit of th8 financial statements in the United Kingdom, including the Flnancial Reportlng Councll's Ethlcal Stsndard, and w8 have fulfilled our other éthical responslbilitles In accordance with these requlraments. We belleve that the audlt evidence we have obtained is sufficient and appropriate to provide a ba51s for our oplnlon. Conclusion¥ ralatlng to golng concern In audlung the financlal statements, V have concluded that the Trustees, use of the golng concem basls of accountlno in the preparatlon of tha flnanclal stataments Is approprfats. Based on the work have performed. we have not identified any material unc8rtainties rèlating to 8vents or conditions that, indlvidually or collectively, may cast signifiGqnt doubt on the ch8rilable companrfs ability to continue as a going concern for a period of at least tsyelve months from wh8n the financlal statements are authorfsed for Issu8. Our r8sponslbilities and the responslbllities of the Tru8tees wlth respect to golng concem aro de8crlbed in the relevant sections of this report. In our evaluation of the trustees. concluslons. we consldered the risks associated wlth the charws busin8ss model, including the effects arising from macroeconomic uncertainties and analysed how those risks might affect the charitys financlal re50urc8s or ability to continue operations over the perlod of twelve months from the date when the financlal statements are authorised for issue. In accordance with the above, have nothing to report In these respects. However, as we cannot predict all future events or conditlons and as subsequent events may result in outcomes that are Inconsistent wlth judgements that were reasonable at the tlme they were made, the absence of reference to a material uncertainty in thls auditovs report is not a guarantee that the charlty will continue In operation. Page 13
APP8 FOR GOOD (A company limlted by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF APPS FOR GOOD (CONTINUED) Other Informatlon The other infomiation comprises the information included in the annual report other than the financial statements and our audllors. report thereon. The Trustees are responsible for the other infomalion contained wlthin the annual report. Our opinion on the financial statements does not cover the other Information and, except to the extent otherwlse expllcllly stated in our report, we do not express any form of assurance conclusion thereon. Our responsiblllty is to read the other Informatlon and, In doing so. consider whether the other Infomatlon Is malerlally inconsistent with the financial statements or our knowledge obtained In the course of the audit. or othernvise appears to be materially misslaled. If wè identify such material inconsistenci6s or apparent material misstatements. W8 are required to d8termine whether this gives rise to a material mi$statement in the financial staternenls themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other Inforrnallon, we ar6 required to report that fact. We have nothing to report in thls regard. Capablllty of th• audit to detact Irr•gularltl•s Includlng fraud Wè galned an understandlng of the lègal and regulatory framework appllcable to the charity and the Industry In whi¢h It operates and consldered the risk of acts by the charlty which were contrary to applicabl8 laws and regulations, indudlng fraud. These Included. but were not Ilmlted to, compliance with Companies Act 2006. the Charities Act 2011 and FRS102. We d8slgned audlt procedures to respond to the Ask, re¢ognlsing that the risk of not detecting a materlal mlsstalement due to fraud 18 higher than the risk of not delecllng one resulting from error, as fraud may involve deliberate conc8alment. We focused on laws and regulallons that could give rfse to a material mlsstatemènt In the financlal statements. Our tests included, bL&t were not limited to.. . agreement of the flnanclal statement dlsclosures lo underlylng supportlrKJ documentatlon: enqulries of managemenl., r8vi6w of minutes of board meetlngs throughout the pèrlod; and ' obtaining an underslandlng of the control environment In monltorfng compllance wlth law8 and regulauons. There are inherent limitatlons in the audlt procedures descrlbed above and the further removed noncompliance wllh laws and regulations Is from the events and transactions reflected in the flnancial slalements, the less likely we would become aware of It. We also addressed the risk of management override of Intemal controls, including testing Joumals and evaluatlng whether there wa5 evidence of bias by the directors that repsented a risk of material misstatement due to fraud. Opinlon on other matters pres¢rlbed by the Companle• Act 2006 In our oplnlon, based on the work undertaken In the course of the audit: the information given in the Trustees, r8POrt for th8 financial year for which the financial statements arè prepared is consistent with the financial slatemenls. the Trustees. report has been prepared in accordance with 8pplicable18gal requirements. Page 14
APPS FOR GOOD (A company limitad by guarantee) INDEPENDENT AUDITORS. REPOIU TO THE MEMBERS OF APPS FOR GOOD {CONTINUED) Matterd on which we ara required to report by exception In the light of our knowledge and understanding of the charitable company and its environment obtained in th8 course of the audit. we have not id8ntified material rnisstatèm8nts in the Trustees, report. We havè nothing to report In respect of the following matters in relation to whlch Companles Act 2006 requiras us to report to you if. in our opinion: adequate accounting records have not been kept, or retums adequate for our audlt have not been recelved from branches not vislted by us: or the financial statements are not in agreement with the accounting records and retums., or certaln disclosures of Trustees. remuneration spedfied by law are not made; or we have not recelved all the Infomiatlon and explanations we require for our 8udlt: or th8 Trustees were not entitled to prepare the financial Statements In accordance wlth the small companles reglme and tske advantsge of the small companles. exemptlons in preparfng the Trustees, r8POrt and from the requlr8ment to prepare a Strateglc report. Rosponslbllllles of Iru8tee3 A5 explalned more fully In the tru5te8s' responslbilitl8S Statement, the Trustees (who ar8 al80 the dlrectors of the charltable company for the purposes of company law) are responsible for the preparation of the financial statements and for being 8allsfied that they give a true and fair vlew, and for such intemal control as the Trustees determine Is necessary to enable the preparation of financlal st8t8ments that are free from materlal mi88taternent. whether due to fraud or error. In preparing th8 finandal slatements. the Trustees are responslble for assessing the charitable companys abllty to continue as a going ¢oncorn, disclosing, as applicable, matters related to going concern and using the going concèrn b88is of 8¢countlng unless the Trustees elther Intend to liquldate the charftable company or to cease OP8rations. or have no reallstlc altemative but io do so. Audltors. respon8lbllltlos for th• audlt of th• flnanclal 8tatemont• Our objectives are to obtain reasonable assurance about whether the financial statements as a whol8 are free from materlal misstatement, whether due to fraud or error, and to Issue an audltors, report that Includes our oplnion. Reasonable assurance Is a high level of assurance, but is not a guarantee that 8n audit conducted In aGcordance wlth ISA5 (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 aggregat8, they could reasonably be expected to influ8n¢e the economlc decislons of users taken on the basls of these financi81 ststements. Irregularttles, indudlng fraud, ar8 Instances of non-compllanc8 wlth18WS and regulatlon8. We de81gn procedures in lino wlth our responslbilities, outllned above, to detect material rnisstatements in respect of irregularltles, includlng fraud. The extent to which our procedures are capable of detecting Irregularities. including fraud is d8tail8d in the relevant paragraph above. A further description of our responsibillties for the audit of the financial ststements Is Icrtated on the Flnandal Reporting Councll'5 webslte at: Nwvw.frc.o .uklaudltorsre$ nsibilities. This descriptlon forms part of our auditors. report. Page 15
APPS FOR GOOD (A company Ilmlted by guarantaè) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF APPS FOR GOOD (CONTINUED) Use of our raport This report is mada solely to the charitable companvs members. as a body, In accordanc8 With Chapter 3 of Part 16 of the Companles Act 2006. Our audit Vrk has been undèrtaken so that VR mlght state to the charftable companvs member6 those matters we are requlrad to stats to them In an auditors, report and for no other purpose. To the fullest extent pemitt8d by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body. for our audit work, for this report. or for the opinions v have formed. Jore y Tyrro11 BA (Hon•) FCA (sgnlor statutory audltor) for and on behalf of RPGCC Chartered Accountants and Regl8tered Audltor London EC3V OBT Date: IDzr Page 16
APPS FOR GOOD (A company Ilmited by guaranl¢e) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2024 Unrostrict•d funds 2024 Restrlcted funds 2024 Totsl funds 2024 Total funds 2023 Nota Incom• from: Donations and legades Investments 357.867 6,888 370,980 728,847 0.886 515,438 1.850 Total In¢om• 384.753 370,980 ns,733 517,288 Exp•ndlture on: Raising fund8 Charitable actlvltles 36.816 273,777 39,053 331,927 75.869 05.704 67,864 459.387 Total oxpondtturn 310,593 370,980 681,573 527,051 Net movamont In funds 54,160 54,160 (9, 763) RoGon¢lllatlon of fund$: Total funds brought foréiard Net movement in lunds 369,067 54,160 369,067 54,160 378.830 (9,763) Total funds carried forward 423.227 423,227 369,067 The Statement of finandal acuvltles Includ88 all galns and losses racognised in the year. The notes on page8 20 to 37 fom part of these financial statements. Page 17
APPS FOR GOOD (A company Ilmited by guarantse) REGISTERED NUMBER: 06560779 BALANCE SHEET AS AT 31 AUGUST 2024 2024 2023 Note Curront assats Debtors Cash at bank and In hand 13 72,347 421269 22,832 355,993 493,616 378.825 Credltors: 8mounts falllng due Ylthln one year 14 170,389) (9,758) Net curr•nt assets 423.227 369,067 Total net ass•t• 423,227 369.067 Charlty funds Restrlcted funds Unrestricted funds 15 15 423,227 369.067 Total funds 423,227 369,067 The entlty was entttled to ex8mptlon from audlt under secllon 477 of the Companles Act 2006. however. the members h8V8 required Iha antty to oblaln an audit for the year In question In accordance viith sectlon 476 of the Companles Act 2006. The Trustees acknowledge th81r responsiblllties for coMFIng wlth the requlrements of the Act wlth respect to 8ccountlng rècords and preparatlon of Ilnancial 8tstement8. Th8 flnanclal stat8ment8 have béen preparéd In 8ccord8nce with th8 provisions applicable to entitl8s 8ubject to the small compan188 regime. The financlal statements wer8 approved and authorlsed for issue by the Trustees and signed on thelr bahalf by. es Game Date: The notes on pages 20 to 37 fomi part of these Ilnancial statements. ISldl4 ZS Page 18
APPS FOR GOOD (A company Ilmlted by guarantae) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 Cash flows from op•ratlng actlvltles Net cash used in operating actlvltles 58.390 (43.283) Cash flows from Invostlng actlvltles Dividends, interests and rents from investrn8nts 6,886 1,850 Net cash provlded by inv••tlng actlvltl•s 1,850 Cash flows from flnanclng actlvlti N•t cash provldad by Ilnanclng actlvltlo8 Ch•ng• In ca•h and cuh •qulval•nts In the year Cash and cash equivalent8 at the b8ginnlng of t yBar 65,270 355,993 (41,433) 397,426 Ca•h and ca•h •qufvalents at th• end of th• yo•r 421.269 355,993 The notas on pagas 20 to 37 fomi part of these financ181 stat8m8nts Page 19
APPS FOR GOOD (A company limited by guarantsa) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 General Inforniation The Charfty is a prlvate company Ilmited by guarantee registered In England and Wales, company number 06560779.lts registered office addr8ss is clo RPGCC. 40 Gracachurch Street, London. EC3V OBT. The principal activity of the charity continu8d to be that of promoting educational programs that expos8 young people to new information and communi&qtion technologies. The members of the company are the Trustees nam8d on page 1. In the event of the charity b8lng wound up, the liability in resped of the guarantee is limited to £10 per member of the charity. The financial statements have been prepared in GBP and all amounts have been rounded to the neare8t Accountlng pollclo8 2.1 Basis of preparatlon of flnanclal statements The financial statements have been prepared in accordance wlth the Charities SORP (FRS 102) - Accountlng and Reporting by Charfttes.. Ststem8nt of Recommended Practice applicabl8 to charities preparlng thelr accounts in accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland (FRS 102) (effectlve 1 January 2019), the Flnanclal Reporting Stsndard 8ppllcable in the UK and Republlc of Ireland (FRS 102) and the Companies Act 2006. Apps lor Good meets th8 d8finition of a public benefit entity under FRS 102. A8Bets and liabilities are inltially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting pollcy. 2.2 Golng concom The accounts have been prapared on the golng concem ba81s as the trustees are of the opinlon that there are no factors that threaten thè charitys going concern for at least the next 12 months, b8glnnlng wSth the dat8 on whlch these accounts have been approved. 2.3 Incomo All Income Is recognl8ed once th8 Charlty has anlltlement to tha Income. it Is probablo that the income wlll be racelved and the amount of Incom8 receivable can be measured reliably. Grants are Induded In the statement of finandal actlvitie8 on a recelvab18 basls. The balance of Income received for speciflc purposes but not expended during the perlod is shown in the relevant funds on the balance sheet. Where income is received in adv8nce of entlllement of receipt, ts recognition is deferred and included in crediiors as deferred incorne. Where enb'tlement oGcurs before income is received, the income is accrued. On receipt. donatsd professlonal services and facilltles are recognised on the basis of the value of the gift to the Charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic beneflt on the open market. a corresporKling amount is then recognlsed in expenditur8 In the period of receipL Income tax recoverable in relation to Investment income is recognised at the tlme the investment income is receivable. Pag8 20
APPS FOR GOOD (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accounting pollcies (¢ontlnued) 2A Expendlturo Exp8nditure is recognised onca there Is a legal or construdlve obligatlon to transfer 8conomi¢ benefit to a third party, It Is probable that a transfer of econcxnic benefits wlll be required In settlement and the amount of the obligation can be measured reliably. Expenditure Is classified by activity- The costs of each aCtIty are made up of the total of direct costs and shared costs, including 6UPPOrt Costs involved in undertaking each actNity. Direct Costs attributable to 8 single activity are allocated directly to that activity. Shared costs which contribute to more than one activsty and 5UPPOrt costs which are not attrlbutable to a single activity are apportioned between those activities on a basss consistent with the use of resource5. Central staff costs are allocated on the basls of tlme spent. and depreciallon charges allocatsd on the portion of the assefs use. Expenditure on ra181ng fvnds Includes all expenditure Incurred by the Charlty to ralse fund8 for its charitable purposes and Include8 C08ts of 811 fundralslng activities events and non-charitable tradlng. Expenditure on charltable activltles Is Incurred on dlrecuy undertaking the actlvities whlch further the Charitys obJective8, a8 well as any a880ciat8d 8UPPOrt costs. Charltable actlvitie8 and govemance costs are costs Incurred on th8 charlvs educatlon81 operatlon5. Induding support costs and costs relatlng to th8 govemancè of the charity apportloned to charltabl8 8Ctlvliles. All exp8ndlture is Incluslve of irrecovarable VAT. 2.5 Interest rocgivabl• Interest on funds held on deposlt is included when receivable and th8 amount can be measured rallably by the Charity: this Is normally upon notlfi¢atlon of the Interest paid or payable by the instltuti¢M wlth whom thè funds are deposlied. 2.6 For•lgn curron¢l Monetary assets and liabllltSe8 denominated In forelgn currenciès 8r8 translated Into Sterllng at rates of exchange rullng at the reporting date. Tran5aclions in foreign curren¢l8s are translat8d Into sterflng at the r8t8 ruling on the date of the transaction. Exchange gains and losses are recognised In the statement of financlal activltles. 2.7 Debtors Trade and other debtors are recogni50d at the spttlement arnount after any trade di8count offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.8 Cash at bank and In hand Cash at bank and in hand includes cash and short-tem highly liquid investments with a short matunty of three months or less from the date of acquisition or opening of the deposit or similar account. Paga 21
•PS FOR GOOD (A company limitéd by guarante8) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng policles (conllnuèd) 2.9 Llablllties and provlsions Liabilities are recognised vthen there is an obligation at the balance sheet date as a result of a past event, it Is probable that a transfer of economlc benefit will be requlr8d in settlement. and tha amount of thè settlement Can b8 estimated rellably. Llabilities are recognised at the amount that th8 Charity antlcipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or 88r4ices It must provlde. Provlslons are measured at the best estimato of the amounts required to settle the obligation. Wher8 the effect of the time value of money is materlal. the provlsion Is based on the present value of those amounts. discounted at the pre-tax dlscount rate that reflects the risks speclfic to the Ilability. The unwlnding of the discount18 recognlsgd In the statement of finandal acilvitie8 88 a finance co8t. 2.10 Flnanclal Instruments The Charity only has financial assets and financial liabllilies of 8 klnd that quallfy as baslc flnancial instruments. Basic financial instruments are iniliBlly recognised al transaction value and subsequently measured at Ih8ir settlernent value wlth th8 exceptlon of bank loans which are 3ubsequgntly mea8ured at amort18ed cost U81ng the effective interest method. 2.11 Panslon8 The charity18 8 member of a penslon arrangement with People's P8n81on Trust and contributlons are charged to the Stst8ment of Flnanctal Activlty as pald. 2.12 Fund accountlng General furKls are unrestrlcted funds whlch arè available for use at the dlscretlon of the Trustees In furtherance of the general objectives of the Charfty and which havè not been deslgnated for other purposé8. Restricted funds are funds which are to be used In accordanc8 vAth sp8clfic restridlons imposed by donors or whlch have been raised by the Chadty for partlcular purposes. The costs of raislng and administering such funds are charged against Ihe sp8cific fund. The aim and u88 of each restricted fund is Set out in the notes to the financial statements. Inv8stment income, galns and Iop•ses are allocated to the approprlate fund. Page 22
APPS FOR GOOD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Crltical accountlng estimates and araas of Judgmènt Estimates and ludgments are contlnually evaluated and are based on hlstorical experience and other factors, Induding expectations of future events that are believed to be reasonable under the clrcumstsn¢8S. Crltlcal accountlng estlmat8s and assumptlons: The charity makes estimates and assumptions concerning the fvtur8. The resulting accounting 8stimate5 and assumptions will, by definition, seldom equal the related actual results. The charitys only accounting estlmate is the accruals. which th8 trustees conslder to be InslgnlficanL crftlcal arèas of ludgment: Th8 trustees apply thèir judgement whén deferring income. Defvrral of grant incom8 is in lin8 the r8quirements of the Charities SORP. The truste8s are of the opinion that th8 d8ferral of income Is of relatSvely low rlsk. Income from donatlon• and legacl•s Unre•trlcl•d Re•trlctsd fund8 funds 2024 2024 Totsl fund• 2024 Donatlons Grants 755 357,112 755 728,092 370.980 357.867 370.980 728.847 Unrestrlcted funds 2023 Restrictsd fvnds 2023 Total fvnds 2023 Donatlons Grants 3,180 344.425 6,025 509,413 164,988 167,833 347,605 515,438 Page 23
APPS FOR GOOD (A company limlted by guarante?) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Investm•nt Incomo Unrestricted funds 2024 Totsl funds 2024 Interest 6.886 6,886 Unrestrict8d funds 2023 Totsl fvnds 2023 Interest 1,850 1,850 Governanc• cost• 2024 2023 Audit & Accountsncy Travel 9,745 8, 759 158 9,745 8,917 Page 24
APPS FOR GOOD (A company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Expendltur• on raislng funds Costs of raising voluntary Incomo Unrestricted Ra8trlctsd funds fund• 2024 2024 Total funds 2024 Travel staff related costs (non-payroll) Wages and salarles Nl Pen81on costs 1.218 1,625 30,508 3,158 307 1,291 2.509 1,625 84,595 6,508 632 34,087 3.350 325 36,816 39,053 75,869 Unrnsfrfcted Restslcted fvnds fvnds 2023 2023 Total fiinds 2023 Travel Staff related costs (non-payroll) Wage8 and salarie8 Nl Pen81on costs 125 1,723 20.084 1,021 106 240 7,425 32,101 4,400 459 365 9,148 52,165 5.421 23,039 44,625 67,664 Page 25
APPS FOR GOOD (A company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Analysls of oxpenditura on charitabla actlvities Summary by fund typo Unrnstrlctad Ra8trlcted funds funds 2024 2024 Total 2024 Communlcatlons Core Costs Educatlon & Engagement Impact Leadershlp Partn8r Tralnlng & Support Platform Development 53,703 57,300 59,269 70,180 59.267 62,871 29,800 $5,436 33.815 20,558 123,883 116.567 122,140 29.81)0 107,691 65,685 39,938 52,255 31,870 19,380 273.777 331,927 605,704 Unrestricted Restrfcted fvnd8 funds 2023 2023 Totel 2023 Communlcations Core Costs Educatlon & Engagement Impact Lèadership Partner Tralning & Support Platform Development 21.939 39,295 32.468 2,247 31,473 20,272 8,713 42,498 76,133 62.891 4,353 60.982 39,263 16,880 64,437 115,428 95,359 92.435 59,535 25.593 156.407 302.980 459,387 Page 26
APPS FOR GOOD (A Campany Ilmited by guaranteè) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Analy819 of expendtture by actlvltles Actlviti•8 undertaken directly 2024 Support costs 2024 Total funds 2024 Communlcatlons Core Costs Educatlon & Engagement Impact Leader3hlp Partner Tralning & Support Plafftirm Development 123,883 47,388 122,140 29.800 81,234 65,685 39,938 123,883 116.567 122,140 29,800 107,691 65,685 39,938 69,179 26,457 510,068 95,636 605.704 Actlvltles undertaken directly 2023 Support costs 2023 Total fund8 2023 Communicatlons Core Costs Educatk)n & Engagament Impact Leadership Partner Training & Support Platform Development 64,437 47,460 95,359 6,600 68,766 59,535 25.593 84.437 115,428 95.359 6,600 92.435 59.535 25.593 67,968 23,669 367. 750 91.637 459.387 Page 27
APPS FOR GOOD (A company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Anatysls of expendlturo by actlvltlos (contlnued) Anatysls of dlrecl costs Edueatlon & Enga ment 2024 Communl- catlons Corn Costs 2024 2024 Impact Loadorship 2024 2024 Staff costs Travel Development Event Costs Staff-related costs {non-payroll) 95.691 2.651 23,078 2,463 42.393 4,116 116,011 6,129 79.370 1,864 29,800 879 123.883 47,388 122,140 29.800 81,234 Partnor Tralnlng & Support 2024 Plallorni D•valop- ment 2024 Tot•1 fund8 2024 Staff costs Trnvel Dev8lopment Event Costs Staff-related costs (noTrpayToII) 54,832 1,187 9.666 388,297 15.947 102,482 2,463 879 39,938 65.685 39.938 510.068 Page 28
APPS FOR GOOD (A MpanY Ilmitad by guarant•è) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Anatysls of axpendfture by actlvitie$ {contlnued) Anatysls of dlrect Costs (continuad) Communi- Education & calions Core Costs Engagement 2023 2023 2023 ImpaGI Leadarship 2023 2023 Staff costs Travel Oevelopment Event Costs 56.388 2,5TI 4,186 1,292 46.824 636 89,921 &438 68.178 588 64,437 47.460 95.359 6,600 68. 766 Partn8r Tralnlng & Plalfomi Support Development 2023 2023 Total funds 2023 Staff costs Travel Developmont Event Costs 45,013 1.297 13,225 306,324 10,530 49.604 1,292 25,593 59.535 25,593 367,750 Page 29
APPS FOR GOOD (A company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Analysls of expendfturn by activftles (continued) Analysis of 8UPPOrt costs Total fund• 2024 Core Costs L•adershlp 2024 2024 Staff costs Travel Accountancy Bank Charg88 Insurance pps Rent & Rat88 Small Office Equipment Phone & Intemet Stsff-related costs (non-payroll) 18.242 26.457 44.699 12.273 381 7,367 1,066 2,881 3,659 8,677 14.633 12,273 381 7.387 1,066 2,881 3,659 8,677 14,633 69,179 26,457 95,636 Total funds 2023 Core Costs Le8der8hlp 2023 2023 Staff costs Travel Accountancy Bank Charges Insurance pps Rent & Rates Small Office Equlpment Phone & Intomet Stsff-relatad costs (non-payroll) 27.550 158 10,112 450 6,643 394 3.013 23,075 50,625 158 10.112 450 6.643 3.013 2,690 9.887 7.665 9.887 7,071 594 67.968 23.669 91,637 Page 30
APPS FOR GOOD (A Company limit¢d by guarant•è) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 10. Audltors. rnmuneration 2024 2023 Fees payable to the Charitys auditorfor th8 audlt of th8 Charitys annual accounts 8.100 7,800 11. Staff co•1• 2024 2023 Wages and salarie8 Soclal security costs Contrfbutlon to defined contrfbutlon penslon 8chemes 453.908 41,496 9,327 372,564 34.955 7,581 504,731 415,100 Included in Staff Costs are redund8ncy PanentS of £7.062 (2023: £Nil}. The average number of persons employad by the Charity durfng the year w88 as follows: 2024 No. 2023 Dlrector8 Staff 12 11 18 18 The number of empbyees wh06e employee beneflts (exdudlng employér pen81on costs) exceeded £60,000 was: 2024 No. 2023 No. In the band £60.001- £70,01)O In the band £70.001- £80,000 Key management comprlses the Chlef Executivo offir, the Chief Operatlng Officer and the Company Secretary. Thg aggregate remuneration of key management during the year amounted to £147,321 12023.. £149.647). 12. Trustees, remunoration and exponses During the year. no Trustees received any remuneratlon or 0th8r benefits (2023- £NIL). Durfng the year ended 31 August 2024. no Trustee expenses have been Incurred {2023- £NIL). Page 31
APPS FOR GOOD (A company limilad by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 13. Debtor8 2024 2023 Due wlthln one y•ar Trade debtors Prepayments and accrued Income 70,000 2,347 20.000 2.832 72,347 22.832 14. Credltors: Amounts falllng du• wlthln on• y•ar 2024 2023 Trade creditors Other credltors Accruals and deferred Income 352 2,212 67,825 250 2,128 7.380 70.389 9.758 2024 2023 Deferr8d income at 1 September 2023 Resource8 deferred during the year Amounts released from prevlous p8rfods 21.807 58,500 (21,807) 58,500 Page 32
APPS FOR GOOD (A company Ilmlted by guarantse) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 1& Statomont of fund$ statoment of fund8 - currnnt year Balance at 1 Septombgr 2023 Balance at 31 August 2024 Ineomo Expondlture Unrestrlcted funds General Funds - all funds 369,067 364.753 (310,593) 423,227 Restrletad funds BNY Mellon Deep Mind Sage Foundatlon Slemens PIC EPAM 114,480 (114,480) Race to Nature Garfleld Weston Hg Foundatlon PA Foundation 236.500 20,000 (236,500) (20.IXIO) 370,980 1370,980) Total of fund• 369.067 735,733 (881,573) 423,227 Page 33
APPS FOR GOOD (A company limlted by guarantee) NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 AUGUST 2024 15. Statement of funds (continued) Statement of funds - prlor year Balance at 1 September 2022 Balance at 31 August 2023 Income Expenditure Unrestrfctsd funds General Funds - all fvnds 378,830 169,683 (179,446) 369,067 ReStrIct funds BNY Mellon Deep Mlnd Sage Foundation SAP Slemens PIC EPAM 107,519 36,000 10.000 10.006 30.000 (107.519) (36,000) {io.000) (10.006) (30,000) (20.000) (79,080) (5,000) (50,000) 79,080 5,000 50,000 Race to Nature Garfleld Weston Hg Foundation PA Foundatkjn 347,605 (347,605) Totsl of fund• 378,830 517.288 (527.051) 369.067 Page 34
APPS FOR GOOD IA company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 1& Statem•nt of funds (contlnued) BNY Mellon. Slèmens Plc. Ovo, Garfield Weston, Race to Naturn These funders support ihe Innovate for Cllmate Change Project, a project tackling the Issue of dlmate change. Deep Mlnd Thls fund represents monles to wn th8 Deepmlnd Robotlcs Workshop. Sag• Sag8 supported u8 wlth an unrestrlcted donatlan. They promoted volunteerlng opportunlti88 to thelr staff Including remote Expert sesslons and Awards shortllsting. SAP supported a project to introduce Apps for Good into Co-op Academy schools In northem England. We created an App in a Day workshop for th5 schoo15, Wlth SAP volutneers dialllng in to support th8 stud8nts. EPAM These funds 8UPPOrt tha charftys 'Showcase" ananual celebration of young tech innovators. PA Foundallon FundSng w88 to support the pllot of our new cour38 Al for Good. The fund was intsnded for us to trlal the new course in 8 Bchool8. provlding training for 12 teachers and reaching 360 young pe¢)pl8. Followlng th8 tri81, take feedback from th8 schoo15, update and rèview the content based on feédback. prior to launching the course In th8 2024125b academlc year. Hg Foundatlon Funding Is to 8UPPOrt the role out and growth of our App for Soclal Action (ASA) cour88. A thre&year grant agre8ment for us to revlew and Improve th8 ASA Gourse materials, market to our target schools, provld8 training and 8UPPOrt to teachers. grow our reach and increase our impacL 18. Analy81• of net a880ts botweon funds Anaty818 of n•t assets b•tw••n funds - eurrnnt p•rlod R•strlct funds- ¢lass11 2024 Unr••trlct•d funds 2024 Total fund• 2024 Current assets Creditors dug within one yBar 435,116 (11.889) 58,500 (58,500) 493.616 170.389) Total 423,227 423,227 Page 35
APPS FOR GOOD (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 1& Analysis of net assets between funds (contlnuod) Analysls of net as8ats betweèn funds - prfor period Unrestncted funds 2023 Total fvnds 2023 Currant assets Creditors due wlthln one year 378.825 (9,758) 378.825 (9.758) 369.067 369.067 Total 17. R•lat•d party transactlon• There were no transactlon8 wlth related partle8 during the year. or tha prevlous year. 18. Reconclliatlon of not rnovom•nt In funds to not cash flgw from oporatlng actlvltlo• 2024 2023 Net Incomelexpendlture for the perlod (as per Statement of Flnanclal Actlvities) 54,160 (9,763) AdJustm•nts for. Depraclation charges Decreasel{increase) in d8btor8 Incraasel{decreasa) In creditor8 (6,886) {49,515) 60.631 (1,850) 33,568 (65.238) N•t cash provldod byl(us•d In) op•rallng actlvltlos 58,390 (43,283) 19. An•tysl$ of cuh and cash •qulvalent8 2024 2023 Cash In hand 421.269 355.993 Total cash and cash equlvalents 421,269 355,993 Page 36
APPS FOR GOOD (A company limit•d by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Anatysis of changes In net d•bt 8•ptember At31 2023 Cash flo August 2024 Cash at bank and In hand 355,993 65376 421.269 355.993 65.276 421,269 Page 37