2023-05-31-accounts - The ITSA Digital Trust

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				Page
Reference	and Administrative Details
Report ofthe Trustees			2	Io	6
Independent	Examiner's	Report
Statement	of Financial	Activities
Statement	of Financial	Position	9	to	10
Notes to the Financial Statements			11	to	20

					31.5.23	31.5.22
			Unrestricted	Restricted	Total	Total
	Notes		fund E	funds	funds f	funds 6
FIXED ASSETS
Investments		12	1
CURRENT ASSETS
Debtors		13	134,003	70,956	204,959	310,931
Cash at bank and	in hand		14,356		14,356	13,624
			148,359	70,956	219,315	324,555
CREDITORS
Amounts falling due within one year		14	(32,055)		(32,055)	(28,314)
NET CURRENT ASSETS			116,304	70,956	187,260	296,241
TOTAL ASSETS	LESSCURRENT
LIABILITIES			116,305	70,956	187,261	296,242
CREDITORS
Amounts falling due after more than one year		15	(20,000)		(20,000)	(30,000)
NET ASSETS/(LIABILITIES)			96,305	70,956	167,261	266,242
FUNDS		17
Unrestricted funds					96,305	221,020
Restricted funds					70,956	45,222
TOTAL FUNDS					167,261	266,242

						31.5.23	31.5.22
							F
Donations						265,495	300,809
Grants						10,833	39,167
						276,328	339,976
Major donors
BEITTrust							35,000
Access Foundation							25,000
Barnwood Trust							25,000
Spirax Sarco Education		Fund					25,000
Garfield Weston	Foundation						20,000
Foundation Eagle							18,333
National Lottery	Reaching		Communities				10,833
Gloucestershire	Community			Foundation			10,000
Henry Smith's Charity							10,000
Big Give 2022							7,726
GCC Thriving Communities							7,500
Educational and	General	Charitable			Trust		7,000
Barnwood Trust	NHS Glos		ICB				5,000
Scott (Eredine) Charitable			Trust				5,000
Tabhair Chantable Trust							5,000
Donations less than 65,000							59,936
Grants received,	included		in	the above, are as follows.
						31.5.23 E	31.5.22 f
National Lottery						10,833	39,167
OTHER TRADING ACTIVITIES
						31.5.23	31 522
						F
Dividend from trading subsidiary						18,211	2,507
Other income						15	825
Costs funded by subsidiary						21,357	98,382
						39,583	101,714

RAISING FUNDS	RAISING FUNDS	RAISING FUNDS	RAISING FUNDS
Raising donations				and legacies
							31 5.23 f	31 5 22 8
Fundraising		costs					'l9,073	21,299
CHARITABLE ACTIVITIES COSTS
					Direct		Support
					Costs (see		costs (see
					note 6)		note 7)	Totals
					E			6
Charitable					393,118		2,701	395,819
DIRECT COSTS			OF CHARITABLE ACTIVITIES
							31.5.23	31 522
							6
Staff costs							190,853	202,329
Rates and	water						6,376	6,516
Insurance							4,503	5,118
Light and heat							10,166	8,982
Telephone							2,077	1,750
Postage, stationery				and advertising			1,519	1,092
Sundries							2,589	1,916
Carriage							10,647	12,983
Repairs and		renewals					21	198
Computer	costs						4,989	10,913
Rent							36,149	32,650
Maintenance							4,285	1,938
Travelling	and subsistence						471	547
Digibus project costs							101,240	151,536
Professional		fees						4,000
Bank charges							307	205
Service charges							7, 122	7,892
Teacher Training			Project costs				9,804	19,756
							393,118	470,321
SUPPORT		COSTS
							Governance
					Finance		costs	Totals
					f		f	f
Chantable						887	1,814	2,701

The average monthly number of	emp	loyees during the year	was as follows:
				31.5.23	31.5.22
Charitable activities				9	9
No employees received emoluments		in excess of660,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL			ACTIVITIES
			Unrestricted	Restricted	Total
			fund 6	funds 6	fundsf
INCOME AND ENDOWMENTS	FROM
Donations and legacies			201,499	138,477	339,976
Other trading activities			101,714		101,714
Total			303,213	138,477	441,690
EXPENDITURE ON
Raising funds			16,499	4,800	21,299
Charitable activities
Charitable			253,763	219,068	472,831
Total			270,262	223,868	494,130
NET INCOME/(EXPENDITURE)			32,951	(85,391)	(52,440)
Transfers between funds			(5,990)	5,990
Net movement in funds			26,961	(79,401)	(52,440)

		NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2023	NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2023	NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2023
10.	COMPARATIVES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
			Unrestricted	Restricted	Total
			fund	funds	funds
			E	f	6
	RECONCILIATION	OF FUNDS
	Total funds brought	forward	194,059	124,623	318,682
	TOTAL FUNDS CARRIED FORWARD		221,020	45,222	266,242
11.	TANGIBLE FIXED	ASSETS
					Fixtures
					and
					fittings
					E
	COST
	At 1 June 2022				9,278
	Disposals				(9,278)
	At 31 May 2023
	DEPRECIATION
	At 1 June 2022				9,278
	Eliminated on disposal				(9,278)
	At 31 May 2023
	NET BOOK VALUE
	At 31 May 2023
	At 31 May 2022
12.	FIXED ASSET INVESTMENTS
					Shares	in
					group
					undertakings
					6
	IIIIARKET VALUE
	At 1 June 2022 and	31 May 2023
	NET BOOK VALUE
	At 31 May 2023
	At 31 May 2022

					31.5.23 6	31.5.22 f
Due from subsidiary					197,621	306,141
Prepayments and accrued			income		7,338	4,790
					204,959	310,931
CREDITORS: AMOUNTS			FALLING DUE WITHIN ONE YEAR
					31.5.23	31.5.22
					f	F
Bank loans and	overdrafts		(see note 16)		10,000	10,000
Trade creditors					8,649	3,448
Social security and other taxes					3,340	2,637
Other creditors					1,136	3,547
Accruals and deferred		income			8,930	8,682
					32,055	28,314
CREDITORS: AMOUNTS			FALLING DUE AFTER MORE THAN ONE YEAR
					31.5.23	31 522
					6	f
Bank loans (see note		16)			20,000	30,000
LOANS
An analysis of the maturity			of	loans is given below:
					31523	31.5.22
					6	F
Amounts falling	due within		one year on demand.
Bank loans					10,000	10,000
Amounts falling	between		one	and two years'
Bank loans					20,000	20,000
Amounts falling	due between			two and five years:
Bank loans						10,000