2021-05-31-accounts - The ITSA Digital Trust

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			Page
Reference and Administrative Details
Report ofthe Trustees		2	to	6
Independent Examiner's	Report
Statement ofFinancial	Activities
Statement of Financial	Position	9	to	10
Notes to the Financial Statements		11	to	21

TRUSTEES		M R Ratcliffe MBE
		P M Hazel
		Mrs JS Hill
		A Piggott
		Dr RJ Carter
COMPANY SECRETARY		P M Hazel
REGISTERED	OFFICE	Wolseley House
		Oriel Road
		Cheltenham
		Gloucesters hire
		GL50 1TH
REGISTERED	COMPANY	07611398(England	and Wales)
NUMBER
REGISTERED	CHARITY	1146157
NUMBER
INDEPENDENT	EXAMINER	Andorran Limited
		6 Manor Park Business Centre
		Mackenzie Way
		Cheltenham
		Gloucestershire
		GL51 9TX
SOLICITORS		Willans
		28 Imperial Square
		Cheltenham
		Gloucestershire
		GL50 1RH
BANKERS		Lloyds Bank pic
		130High Street
		Cheltenham
		Gloucestershire
		GL50 1EW

	FOR T	HE YEAR	ENDED 31 IIA	Y 2021
					31.5.21	31.5.20
			Unrestricted	Restricted	Total	Total
			fund	funds	funds	funds
		Notes	E	E	F	E
INCOME AND ENDOWMENTS	FROM
Donations and legacies			60,913	233,957	294,870	216,683
Charitable activities
Charitable			2,303		2,303	6,043
Other trading activities			83,636		83,636	61,472
Investment income			4,350		4,350	1,450
Total			151,202	233,957	385,159	285,648
EXPENDITURE ON
Raising funds			16,158		16,158	11,550
Charitable activities
Charitable			250,697	9,366	260,063	273,902
Total			266,855	9,366	276,221	285,452
NET INCOME/{EXPENDITURE)			(115,653)	224,591	108,938	196
Transfers between funds		20	147,084	(147,084)
Net movement in funds			31,431	77,507	108,938	196
RECONCILIATION OF FUNDS
Total funds brought forward			162,628	47, 1'I6	209,744	209,548
TOTAL FUNDS CARRIED FORWARD			194,059	124,623	318,682	209,744

	STA	TEMENT O	F FINANCIAL P	OSITION
		31	MAY 2021
					31.5.21	31.5.20
			Unrestricted	Restricted	Total	Total
			fund	funds	funds	funds
		Notes	E	E	E	E
FIXEDASSETS
Tangible assets		14				714
Investments		15				1
						715
CURRENT ASSETS
Debtors		16	227,271	76,619	303,890	229,479
Cash at bank and	in hand		36,751	48,004	84,755	46,264
			264,022	124,623	388,645	275,743
CREDITORS
Amounts falling due within one year		17	(29,964)		(29,964)	(16,714)
NET CURRENT ASSETS			234,058	124,623	358,681	259,029
TOTAL ASSETS	LESSCURRENT
LIABILITIES			234,059	124,623	358,682	259,744
CREDITORS
Amounts falling due after more than one year 18			(40,000)		(40,000)	(50,000)
NET ASSETS			194,059	124,623	318,682	209,744
FUNDS		20
Unrestricted funds					194,059	162,628
Restricted funds					124,623	47,116
TOTAL FUNDS					318,682	209,744

									31.5.21	31.5.20
									E	E
Donations									294,870	216,683
Major donors
BEITTrust										35,000
National Lottery		Community	Fund							25,082
Fondation Eagle										24,290
Gloucestershire		County Council		Digital	Innovation	Fund				20,000
Gloucestershire		County Council		Public	Health Coronavirus			Prevention		20,000
Barnwood Trust										15,000
Aviva Community		Fund								10,985
Gloucestershire		Community	Foundation		Coronavirus		8 Resilience programme			10,000
Gloucestershire		Community	Foundation		Cellnex	Digital Fund				10,000
Big Give Christmas Challenge										7,321
Educational 8	General Charitable			Trust						7,000
Gloucestershire		Community	Foundation							5,000
Haramead Trust										5,000
Henry Smith's	Charity									5,000
Julia & Hans Rausing Trust										5,000
MJB Charitable	Trust									5,000
National Benevolent Charity										5,000
Notgrove Trust										5,000
Renishaw pic										5,000
Donations less	than E5,000									70,192

						31.5.21	31.5.20
							F
	Dividend from trading			subsidiary		83,636	61,472
4.	INVESTMENT INCOME
						31.5.21	31.5.20
						F	F
	Rents received					4,350	1,450
5.	INCOME FROM CHARITABLE ACTIVITIES
						31.5.21	31.5.20
				Activity			F
	Government	grants		Charitable		2,303	6,043
6.	RAISING FUNDS
	Raising donations		and legacies
						31.5.21	31.5.20
						F	F
	Fundraising	costs				16,158	11,550
7.	CHARITABLE ACTIVITIES COSTS
					Direct	Support
					Costs (see	costs (see
					note 8)	note 9)	Totals
					F	F.	F
	Charitable				258,343	1,720	260,063
8.	DIRECT COSTS OF CHARITABLE ACTIVITIES
						31.5.21	31.5.20
						F	F
	Staff costs					170,692	175,918
	Rates and water					5,807	5,934
	Insurance					5,135	5,271
	Light and heat					9,637	11,326
	Telephone					1,931	1,250
	Postage and	stationery				364	443
	Advertising						2,460
	Sundries					1,767	1,893
	Carriage					12,009	10,388
	Repairs and	renewals				53	552
	Computer costs					8,195	9,690
	Rent					19,199	27,865
	Maintenance					3,748	7,899
	Travelling and subsistence					56	75
	Digibus project costs					9,366
	Professional	fees				743
	Bank charges					300	668
	Service charges					8,627	8,663
	Depreciation					714	1,855
						258,343	272,150

				Governance
				costs
Charitable				1,720
NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is stated after charging/(crediting):
			31.5.21	31.5.20
			E	F
Depreciation	-owned assets		714	1,855

		31.5.21	31.5.20
Charitable	activities	8	8

	No employees received emoluments in excess off60,000.	No employees received emoluments in excess off60,000.	No employees received emoluments in excess off60,000.
13.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
			Unrestricted	Restricted	Total
			fund	funds	funds
			E		F
	INCOME	AND ENDOWMENTS	FROM
	Donations	and legacies	75,125	141,558	216,683
	Charitable	activities
	Charitable		6,043		6,043
	Other trading activities		61,472		61,472
	Investment	income	1,450		1,450
	Total		144,090	141,558	285,648
	EXPENDITURE ON
	Raising funds		11,550		11,550
	Charitable	activities
	Charitable		273,902		273,902
	Total		285,452		285,452

	NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021	NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021	NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021	NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021	NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021	NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2021
13.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued
					Unrestricted	Restricted	Total
					fund	funds	funds
						F	E
	NET INCOME/(EXPENDITURE)				(141,362)	141,558	196
	Transfers between			funds	150,964	(150,964)
	Net movement	in funds			9,602	(9,406)	196
	RECONCILIATION		OF FUNDS
	Total funds brought			forward	153,026	56,522	209,548
	TOTAL FUNDS	CARRIED FORWARD			162,628	47,116	209,744
14.	TANGIBLE FIXEDASSETS
							Fixtures
							and
							fittings
							F
	COST
	At 1 June 2020 and		31 May 2021				9,278
	DEPRECIATION
	At 1 June 2020						8,564
	Charge for year						714
	At 31 May 2021						9,278
	NET BOOK VALUE
	At 31 May 2021
	At 31 May 2020						714
15.	FIXEDASSET INVESTMENTS
							Shares	in
							group
							undertakings
							E
	MARKET VALUE
	At 1 June 2020 and		31 May 2021
	NET BOOK VALUE
	At 31 May 2021
	At 31 May 2020

DEBTORS:AMOUNT	S F	ALL	ING DUE WITHIN ONE YEAR
				31.5.21	31.5.20
					F
Due from subsidiary				297,594	226,779
Prepayments and accrued		income		6,296	2,700
				303,890	229,479
CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
				31.5.21	31.5.20
Bank loans and overdrafts		(see note 19)		10,000
Trade creditors				8,360	4,472
Social security and other taxes				1,582	2,579
Other creditors				2,425	829
Accruals and deferred	income			7,597	8,834
				29,964	16,714
CREDITORS: AIIOUNTS		FALLING DUE AFTER MORE THAN ONE YEAR
				31.5.21	31.5.20
					E
Bank loans (see note	19)			40,000	50,000
LOANS
An analysis ofthe maturity		of	loans is given below:
				31.5.21	31.5.20
					F
Amounts falling due within		one year on demand:
Bank loans				10,000
Amounts falling between one			and two years:
Bank loans —1-2years				20,000
Amounts falling due between			two and five years:
Bank loans - 2-5 years				20,000
Amounts falling due in	more than five years:
Repayable by instalments:
Bank loans more 5 yr	by instal				50,000

MOVEMENT IN F	U	NDS
					Net	Transfers
					movement	between	At
				At 1.6.20	in funds	funds	31.5.21
				F	E	E	E
Unrestricted funds
General fund				162,628	(115,653)	147,084	194,059
Restricted funds
Beit Trust				26,445	35,000	(35,621)	25,824
Malawi Programme				700		(700)
ITTeacher Training				2,000	6,750	8,430	17,180
Surplus Funds				8,721	5,000	(13,721)
Tithandizane Youth				5,250		(5,250)
Van				4,000	1,000		5,000
Tech Connect					18,000	(18,000)
Digibus Digital Mobile Lab					76,619		76,619
Zambia 'Buy One	Get One'		scheme		12,150	(12,150)
Big Give Christmas		Challenge			15,000	(15,000)
Zambia Desks for	Schools				1,700	(1,700)
National Lottery Community			Fund		25,082	(25,082)
Entrepreneurial skills Malawi					4,000	(4,000)
Covid Prevention	Malawi				24,290	(24,290)
				47,116	224,591	(147,084)	124,623
TOTAL FUNDS				209,744	108,938		318,682

							Incoming	Resources	Movement
							resources	expended	in funds
							F
Unrestricted		funds
General	fund						151,202	(266,855)	(115,653)
Restricted funds
BeitTrust							35,000		35,000
ITTeacher Training							6,750		6,750
Surplus	Funds						5,000		5,000
Van							1,000		1,000
Tech Connect							18,000		18,000
Digibus	Digital	Mobile Lab					85,985	(9,366)	76,619
Zambia	'Buy One			Get One'		scheme	12,150		12,150
Big Give	Christmas				Challenge		15,000		15,000
Zambia	Desks	for		Schools			1,700		1,700
National	Lottery		Community			Fund	25,082		25,082
Entrepreneurial			skills Malawi				4,000		4,000
Covid Prevention				Malawi			24,290		24,290
							233,957	(9,366)	224,591
TOTAL	FUNDS						385,159	(276,221)	108,938

Comparatives f	or moveme	nt in fun	ds
					Net	Transfers
					movement	between	At
				Ai 1.6.19	in funds	funds	31.5.20
				E	E	E
Unrestricted funds
General fund				153,026	(141,362)	150,964	162,628
Restricted funds
BeitTrust				26,624	35,000	(35,179)	26,445
Fondation Eagle					42,806	(42,806)
Malawi Programme				3,879	19,200	(22,379)	700
Harare Sports Club				4,859		(4,859)
Nchanga IT Lab				800	4,175	(4,975)
ITTeacher Training				1,000	1,000		2,000
Baraka Learning	Centre			8,507		(8,507)
Matipula IT Lab				7,417	3,500	(10,917)
Malindi School (Big Give)					12,637	(12,637)
Surplus Funds				3,436	3,100	2,185	8,721
T'ithandizane Youth					5,250		5,250
Van					4,000		4,000
Mitsidi School IT'	Lab				8,590	(8,590)
Mzinyathani IT Lab					2,300	(2,300)
				56,522	141,558	(150,964)	47,116
TOTAL FUNDS				209,548	196		209,744
Comparative net	movement	in funds,	included	in the above	are as follows:
					Incoming	Resources	Movement
					resources	expended	in funds
					F	E	F
Unrestricted funds
General fund					144,090	(285,452)	(141,362)
Restricted funds
BeitTrust					35,000		35,000
Fondation Eagle					42,806		42,806
Malawi Programme					19,200		19,200
Nchanga IT Lab					4,175		4,175
ITTeacher Training					1,000		1,000
Matipula IT Lab					3,500		3,500
Malindi School (Big Give)					12,637		12,637
Surplus Funds					3,100		3,100
Tithandizane Youth					5,250		5,250
Van					4,000		4,000
Mitsidi School IT	Lab				8,590		8,590
Mzinyathani IT Lab					2,300		2,300
					141,558		141,558
TOTAL FUNDS					285,648	(285,452)	196