Company roglstratlon number 07611398 {England and Wales) Ch•rfty reglslration number 1146157 {England and Wales) THE ITSA DIGITAL TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 ITSA INSPIRING BRIGHTER FUTURES
THE ITSA DIGITAL TRUST LEGAL AND ADMINISTRATIVE INFORMATION Tru$t¢•$ Mr M R Ralcliffe MBE Mrs J S Hill A C Bales S J Ashley MRDiaz Ms E FraseT IAppoinled e Jung 20241 IAppDinled 4 June 2D241 Senlor management Ggoffrey Newsome Chief executive Country ol incorporatlon United Kingdorn IEngland and Wales) 07611398 Charlty reglstratlon England and Wales 1146157 R•gist•r•d offic• Wolseley House Oriel Road Cheltenham Gloucestershire United Kingdom GL50 1TH Ind•p•ndant •xamln•r BK Plus Limited 6 Manor Park Busine88 Centre Mackenzie Way Chellenham Gloucestershire England GL519TX ankers Lloyds Bank pl¢ 130 High Street Chellenham Gloucestershire GL50 1 EVV
THE ITSA DIGITAL TRUST CONTENTS Pag0 Trustee's report Independenl examinerfs report Slalemenl c)f financial activities Statement of financial position Notes lo the financial slalemenls 10-20
THE ITSA DIGITAL TRUST TRUSTEE'S REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 31 MA Y 2025 The trustees present their annual report and financ¢al slalements for the year ended 31 May 2025. The financial slalemenls have been prepared in accordance wlh the aecounling policies sel out in note 1 to the financial slalements and comply with the charily's goveming document. the Companie5 Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP kcounling and Roporting by Charities., Slalemenl of Recommended Practice applicable lo charitie8 Preparing Ihtsir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) Objectlves and activities Significant activitiOS The ITSA Digital Trust (commonly known as 'ITSA'I has conlinijed lo improve acce55 to IT equipment and Ir skills for school children and school teachers in Africa, as well as for disadvantaged communities in the UK. During the financial yeai ITSA enabled compuler access lo an eslimaled 265,650 school Children in Africa through Is compulèr-relurbishmenl and compuler-supply programmès. 11 also lund8d 5 complete school IT labs in Malawi and Zitllbabwe, yvhilsl the teacher-training programme continued throughout the year in Zambia, Zimbabwe anrl Malawi. In the UK, ITSA donated ils 1,OOOth laptop lo charities and community groups, for use by the organisalions and their service users. Publi¢ H•nefit In planning the charity's activities for the year, the liuslees complied with the Gharily Commission's guidance on public benefit. The focus of the charity's activities during the ye8r, which expl8ins the delivery by the Gharily of public benefit. is sel out beltsw under'achievement and performance,. New trustees The charity was délighted lo welcome two new tTuslees al the start of the financial year, Simon Ashley and Andww Bales. This followed the addition of Mark Diaz to the Board in the final month of the previous financial ye8r. Grantmaklng The ITSA Digital Trust receive5 and refurbishes used computers, which il then supplies lo schools in developing countrie5 in Africa and lo charitable organisaliong within the UK. 11 is appre¢iated that ITSA receives a contribution towards the cost of shipping computer8. Achlevements and performanco OVERVIEW The Charity has had a successful year, performing well in both Africa and the UK, delivering largèled projects lo improve digital education and skills access. 11 maintained ils supply programme, provbding high-qualily desktop computers and laptops lo Africa, installing full IT suites in schools in Africa, and delivering teacher Ir8ining lo improve digital education. Sls outreach programme in Gloucestershire continued to support charilable organisalions and marginalised individuals in the county with free IT equipment. Financial donors lo the charity continued lo show immens& generosity, although fund8 raised were 33010 lower than in the previous financial year. Afr1¢8 and ov•rseas operations ITSA supplied 2,665 desktop computers and laptops ID ils programmes in Africa, together with several thousand peripherals. In total some 17,500 items were sent lo schools in Africa. The fundlng raised in Ihe UK has allowed the chaiily's projects in Afr¢¢a lo continue, including IT training for teacher8 in both Zambia and Zimbabwe where schools havè sp8cifically requested digital skills training.
THE ITSA DIGITAL TRUST TRUSTEE'S REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MA Y2025 Kenya In April 2025 ITSA successfully supplied 700 laptops and computer systems ID ils partner in Kenya, Naivash8 Technical Training Inslilule. The Computers and laptops are used by the college to deliver compuler-sludy lessons lo students, In addillon lo allowing teachers lo improve thè quality of their lessons. There is also much advantage for the local community in having ac¢ess lo such high-qualily affordable equipment. Following thorough due diligence. ITSA commenced work with an additional partner in Kenya, The Mango Tree. This new partnership is ITSA'S first in Africa for several yeaTS. The Mango Tree will distribute computers lo schools in the country and use them lo raise funds lor the conlinualion of ils own vilsl work in educating orphans of HIV Aids. During October 2024 ITSA supplitsd th6 Mango Tree with 118 first shipment of 700 laptops and desktop computer systems. Malawi In January 2025 some 506 desktop Computers and laptops were shipped lo Computers for Malawian Schools ICFMSI, ITSAS implemenlalion partner in Malawi. In addition ITSA sent several hundred spare items of IT equipment, helping s¢hools lo complete their desktop computer sysltsms. During the year, ITSA and CFMS installed 2 full IT laboratories in schools in Malawi.. one al Llvimbo Community Day Secondary School in Lilongwe, and another at Bua Comrnunily Day Secondary School in Mchinji Disl¥icl. The premises were fully refurbished and decorated, including gocid security on doors and windows. Prior lo the IT labs being installed. nellher school had computers for studying or leaching. The IT labs includerl 40 networked desktop computers and pèrlpherals. inteinel access, a laptop for the leacher, an overhead projector and a laser printer. The schools, teachers were also given lace-to.lace IT training., and importantly Dlher schools in the area have been invited lo se these excèllent new facilities. The IT suites were built from grants generously donated by Fondalion Eagle. a Swis5 Federal registered charilable instilulion. 11 is also pleasing lo report that CFMS'S Training Centre in Blantyre continued lo support the local community during the year providing valuable IT education. Zambla In January 2025 ITSAwas pleased lo be able lo send a consignment of 704 refurbished laptops, desktop computers and peripherals lo its partner in Zambia, Compulors for Zambian Schools (CFZSI, for use in schools in Zambia. In addition, ITSA was able ID continue ils leach&r-Iraining programme in Zambia. The programme, run by CFZS, is focused on increasing the number of teachers who can effectively use ICT to improve their students, digital edu¢alion. Particularly beneficial this year were funds raised from the BigGiv8 Christmas Appeal in 2024. Zimbabwe During May 2025 ITSA supplied 7Q9 desktops computers, all-in-ones and laptops lo IT Edu¢8lion Zimbabwe IITEZI, s implemenlalion partner in Zimbabwe. This computer equipment is for use in primary and secDndary schools throughout the country. AllhDugh ICT is on the national curriculum for primary schools in Zimbabwe, primary school teachers are still not laughl ICT as part of their teacher training, so ITSA was pleased lo be able lo conlinue ils teacher training programme in Zimbabwe during this year. During the year IT suites were installed at Trenance Primary School and al Northlea High School, bolh in Bulawayo. The computers were supplied by ITSA and were paid for by Partners in Community Care I the Themb81ezizwe Trust. Some 30 computers were installed in the primary school anrl 60 in the secondary school.
THE ITSA DIGITAL TRUST TRUSTEE'S REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2025 ITSA and ITEZ also inslglled an impressive, 41-compuler IT lab al Chiwarira Primary School in Nyanga North-East. The classroom was fully refurbished. with a new floor, security feature5 and bespoke desking. Th& IT lab was built with funds generously donated by the Leggall Trust and the MJB Charitable Trust. ITSA has now installed some 41 IT laboratories in schools in Africa, al an average cost of £11,952, The ITSA Trustees are most grateful indeed lo have the continued support durin9 the year of both thè Bell Trust and ol Fondalion Eagle in respect Df their IT educational pr(¥rammes in Malawi, Zambia and Zimbabwe. In addition particulady h?Ipful during this year were funds raised from the BigGive Christmas Appeal in 2024. Uganda During January the first 50 refvTbished ctsmpulers were supplied lo Yupechlu, an NGO in Uganda, as a lesl pilot, lo see whether the Ugandan government would like ITSA lo supply more computers to schools in the country. The computers are being us&d lo teach IT skills lo both pupils and teachers. UK oparatlons Computer donallons During the year ITSA received 4,778 computers and laptops, which was slightly fewer than In Ihe prevlous year. The number of monitors donated was similar to the nurllber in the previous year, al 3,682. The Charity continues lo be particularfy careful and refuse equipment, which Is considered either loo old, damaged or cannot be successfully refurbished and upgraded with Windows 10 or 11. Over the years some 137,744 computers have been donated lo the charity by businesses, schools, public-seclor organisalions, charities and private individuals, and the charity is immensely grateful lo them all. 11 is pleasing lo record that our IT workshop and warehouse team al HQ 8ucces8fully fulfilled all the planned shipments to our NGO partners in Africa. in addition lo supplying numerous local communities and charities wilhit) Gloucestershire through our IT Outreach programme. Prison programme Pleasingly the prison programme al HMP Vvhilemoor grew again, following Its resumption in March 2022. The prison workshop helped ITSA ID refurblsh some 1,027 desktop computers, an Increase of 319 on the previous year. In addition, the workshop began lo lesl monitors for the first lime, lesling a total of 170. This yogramme is popular with both ITSA staff and at the prison. The inmates through their work al the piison are given the opportunity lo help school children and communilies in Africa, as well as people of all agès in our own county of Gloucestershire. Learning valuable IT skills allows them lo gain nalionally-recognised qualilicalions. and which may well help thèm gain futur& employm&nl on leaving prÈson. Stud•nt pla¢•m•nt During thi5 year, for the first tlme, ITSA offered a year's work placement lo a university sludenl who is studying Business Management. The sludenl worked especially closely wllh ITSA'S Chief Execijlive, gaining first-hand experience of all the functions of Ihe Charity and meeting many leaders of business, education and local government. The engagement provtsd most successful. Gloucestershire IT Outroa¢h programme Through our Ioc81 IT Outreach Programme, we donated 747 laplDPS lo 44 community organi5alions. benefilling 4,099 users, with the aim of reducing digital exclusion in the county. We see a greater urgency to address digital poverty in an Increasingly digital online socioly. Being online is an essential lifeline for heallheare services, pensions. social housing, education, employment and reducing Social isolation.
THE ITSA DIGITAL TRUST TRUSTEE'S REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2025 The programme supports disadvantaged and digitally excluded groups, th058 who are out ol work, peopl8 wlh di5abililies and mental health condition5, refugee fafftilies, th& trldorly and low-income families. This year we have expanded our partnerships lo work wth the Gloucestershire Rural Community CoLJncil IGRCCI, the Daisi Project, Digital Hub5 Project, NHS, Inlegraled Care Board IICBI, Voluntary and Community Sector Alliance IVCSI and numerous other local organisaliong lo ensure we try lo reach the communily members most difficult lo reach. Recent recipients include Kingfishef TrtsasuTe Seekers. CCP, The Listening Post, Gloucester Community Building Collective, Nelson Trust, Forest Green Road Community Cafe and P3 to name a few. We see great value in this work and we will eonlinue lo expand our reach. Volunteer Programme We were delighted that a further 41 volunteers were able lo work in ITSA'S IT workshop and Wareho@, as well as carrying out various office functions. These volunteers during the year Gontiibuled an impressive 3,869 hours and without these wonderlul and generous VDlunleers, we would struggle lo fulfi'l our commitments lo our programmes in Africa and in the UK. Not only does the chaTily benefit, bul the volunteers frequently gain useful skills and @xperience for themselves, fr8qu8ntiy going on la further education and employment. Fundraising a¢tiviti•s Our heartlell appreciation goes to all organisalions and individuals who have kindly provided financial conlribulions. Wilhoul their sUPPOrt, the charity would have been unable lo deliver such important work, changing lives for the better of diveise people in all walks of life, both InAfrl¢a and our home county, Glouceslershire. The contributions of major donors are listed on page 12. Social Valuo 3usln•ss Club During Novèmb&r ITSA launched an innovativ& Social Value business club lo work more closely with businesses in achieving even gater Social V8luÉ. Founding members include Kohler Mira, Spirax Sarco, Techbuyer, Commercial, the University of Glouceslershire, Willans LLP Solicitors, Ralcliffes Insurance Brokers, Cloudclevr, Gloucestershi College. Hewell Recruilmenl, CyNam, QuDLux and the Gloucestershire Rural Cowmunily Council. Successful first events have now been held with rnany leaders ol business, 8ducalion, charity and government participating. These Founding Members have aided ITSA immensely in ils important work to lessen digital disadvantage in both Africa and the UK. Flnanclal revlew Reserves pollcy The trustees continue lo monitor closely the level of funding required by the charity and lo lake appropriate action lo generate this funding. The Iiuslees consider the current level of accuThulaled reserves, coupled with funcling streams presently in place, lo be adequate to Support the eharily's principal aclivilies. Investment policy amd objectivos Due lo the relatively low level of funds available for inv&slmenl the trustees consider that bank deposits provide a salislaclory return lo the charity.
THE ITSA DIGITAL TRUST TRUSTEE'S REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MA Y2025 Plans for future p•rlods ITSA will continue to deliver ils sucSsful projects in Africa and the UK, looking for even more opportunities lo assist students, teachers and people ol all ages and conditions who are considered lo be in digital poverty. In this way, the charity will continue lo provide opportunities lo under-seNed people and communities so that they may thrive successfully in this digital era. To broaden ils impact, the charity will aim to engage wlh more businesses locally through both networking events and ils Social Value Business Club. Following the valuable contribution of ils newest Iruslees, the charity may well choose lo recruit further trustees. INhilsl in Africa there is the desire lo form additional partnerships, so that computers may be supplied 19 even more schools in other countries. 11 is also hoped that the programme with HMP Whilemoor will continue lo grow and that perhaps other HM Prisons mlghl choose lo engage with the charity's programmes. As a result of the one year undergraduate placement proving lo be successful for both ITSA and the undargraduale, il has been decided that in the new financial y&ar ITSAwill offer a further work pla¢em6nl. As the charity looks ID expand ils impact lurther, it will continue to fulfil ils mission to 'Kransform lives Ihrough digi18J educatiorf, bDlh in Alrica and the UK, allowlng more and more people to be lifted out of what is called digital exclusion and the digilalpovety Irarf. Structure? governance and managomonl The Charity is incorporated as a Company limited by guarantee and therefore il has no share capital. It is governed by its Memorandum and Articles of Association dated 21 April 2011. In the event of the company being wound up and the liabilities and winding up expense5 being in excess of assets, the liability of each member Is Ilmiled to £1. The trustees, who are also the directors for the purpose of ¢ompany18w, and who served during the year and up to the dale of signature of the financial statements were-. Mi M R Ralcliffe MBE Mrs J S Hill AC Bates S J Ashley MRDiaz Ms E Fr8ser (Appointed 6 June 2024} (Appointed 4 June 2024} Recrultment and appointment ol new trustees The power lo appoinl new trustees is vested in SUNiving and continuing trustees. Organi5ational Structure The charity is controlled by a Board of truslees which meets on a regular basis. Names of the Irutslees and advisers lo the Charity are shown on page 1 of Ihase financial slalemenls. Related partles The charity has a trading subsidiary, ITSA Education Limited, which was formed in 2008 to provide funds in support of the activities carried on by this charity. Details of other felaled paty transactions afe shown in note 21 to the financial slalements. Rlsk management The Iruslees have a duly lo idenllfy and review the risks to which the charily is exposed and lo ensure appropri818 controls are in place lo provide reasonable assurance against fraud and erroT.
THE ITSA DIGITAL TRUST TRUSTEE'S REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MA Y2025 statement of trustèes. responslbllitl•s The Iruslees, who are also the diTeclois of The ITSA Digital Trust for the purpose of company law, are responsible for preparing the Trustee's Report and the financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom GenerallyAccepled Accounting Practice). Company law requires the Iruslees to prepare financial statements for each financial year which give a IrLJe and lair vi8w of the st8te Df affairs ol the charity and of the incoming resource5 and application of resources. including the income and expendilu¥e, ol the chaiilable Company for that year. In preparing these financial sla16rnenls, the Iruslees are required to.. select suitabl6 accounting policies and then apply them consislenlly.. observe the methods and principlès in the Charities SORP., make judgements and esllmales th81 are reasonable and prudent.. and prepare the financial slalements on th@ going Concern basis unless il is inappropriate lo presume that the charity will continue in operation. The Iruslees tre responsible for keeping adequate accounting records that disclose with reasonable accuracy al any lime the financial posilitrn of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are alsD re5pon5ible for safeguar¢ling the assets of the charity and hence for taking reasonable steps for the prevenli¢n and detection ol fraud and other irregularitiès. The trustee. repDrt was approved by the Board of TTUSteÈs. Mr M R Ratcliff Trustee 21 January 2026
THE ITSA DIGITAL TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ITSA DIGITAL TRUST I report to the trustees on my examination of the financial slalements of The ITSA Oigilal Trust Ilhe charilyl for the yeer &nded 31 May 2025, Responsibilities and basls of report A5 the Iruslees ol the charity land also its dirlor$ for the purposes of company lawl, you are responsible lor the prepaiation of the financial $18lemenls in accordance with the requirermenls of the companies Act 2006. Having satisfied myself that the financial statements ol the charity are not required lo be audiled under Part 16 01 the Companies Act 2006 and are e5igible for independent examination, I report in respect of my examination ol the charity'$ fi'nancial slalemenls carried out under section 145 01 th8 Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the Charities Act 2011. Independent examiner's statemont Since the charity's gloss income exceeded £250,000, the independent Èxamlner musl be 8 member of a body listed in section 145 of the Charities Act 2011, 1 confirm that l am qualilied to undertake the examination because l am a member of the Inslilule of Chartered Accounlanls in England and Wales, which is one of the listed bodies, I have completed my examination. l confirm that no mallers h8v8 come lo my allenlion in connection with the examination giving me cause lo believe that in any material respect- accounting records were not kept in respect of the charity as required by section 386 of the Companles Act 2006. the financial statements do not accord with those records., or the financial statements do not comply with the accounting requirements of section 396 of th& Companies Act 2006 other than any iequiremenl that the financial slalement5 give a true and fair view, which is ncl a maller considered 89 part of an independent examination., or the financial sl8lemenls have not been prepared in accordance with the methods and principles of the Slalement of Rewmmended Practice for accounting and reporting by Charities applicable lo charities preparing their financial slalements in accordance with the Financial Reporting Standard applicablè in the UK and Republic of Ireland IFRS 102}. I have no concems and have come across no other matters in connecliDn with the examination lo which attentlon should be drawn in this report in order lo enable a proper understanding of the financial statements lo be reached. Roger Downe5 FCA BK Plus Limited 6 Manor Park BLJsiness Centre Mackenzie Way Chellenham Gloucestershire GL519TX England 21 January 2026
THE ITSA DIGITAL TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MA Y2025 Unr•strict Restricted ed funds 2025 Total Unrestrict Restficted Total funds 2025 funds 2024 funds 2024 2025 2024 Noles Income from: Oonalions and legacitss Charitable activities Inv?stmenls 66,435 136,019 143,302 209.737 136,019 66,396 145,843 209,296 275,692 145.843 Total incom• 202,454 143,302 345.756 212,244 209,296 421,540 Expendlturè on: Raising funds Charitable activities 14,820 139,630 14,820 299,522 17,172 144,976 17.172 417.366 159,892 272,390 Total expendituro 154,450 759,892 314.342 162,148 272,390 434,538 Net Ineomel(expendlture 48,004 116,5901 31.414 50,096 {63,0941 112.998} Transfers between funds 11,6221 7,622 {51,2621 51,262 Net mov•m•nt In funds 46,382 114,9681 31,414 {1,1661 111,8321 112,998) Reconciliation of funds: Fund balances al 1 June 2024 95.139 59,124 154,283 98,305 70,958 167,281 Fund balances at 31 May 2025 141,521 44,15e 185,677 95,139 59,124 154.263 The slalemenl of financial activities includes all gains and losses recognised in the year, All income and expenditure derive from continuing aclivilies.
THE ITSA DIGITAL TRUST STATEMENT OF FINANCIAL POSITION ASAT31 MAY2025 2025 2024 Not•s Flx•d assgts Investments q2 Current assets Debtors Cash at bank and in hand 13 285.294 949 229,769 817 286,243 230,586 Credltor5: amounts falllng du• within on• yoar 15 1100,5671 166,3241 Not ¢urront a$$ots 185,676 164,262 Total assets less current liabilities 185,677 184,263 Croditors: amounts falllng dufy after morè than onè yèar 16 110,0001 Net a55ets 185,677 154,263 The funds of thg charity Reslricled income funds Unreslricled funds 18 19 44,156 141,521 59,124 95,139 185,677 154,263 The company is gnlilled to the exemption from the audit requirement contained in section 477 01 the Companies Act 2006, for the year ended 31 May 2025. The director acknowledges her responsibilities for complying with the requirements of the Companies Act 20Q8 with respect lo accDunling records and the preparation of financial slalemenls. The members have not required the company lo obtain an audit of 115 financial slalemenls for the year in question in accordance with secllon 476. These financi81 slalemenls have been ppared in accordance with the provisions applicable lo companies sijbjecl lo th8 small companies regime. The fin8 ial slalèmenls w@re approved by the Iruslees on 21 January 2026 Mr M R Ratc11 Trust eMBE
THE ITSA DIGITAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MA Y 2025 Accountlng pollcles Charlty Information The ITSA Digital Trust is a private company Ilmited by guarantee incorporated in England and Wales. The regi81ered office is Wolseley House, Ofiel RoaLI, Chellenham, GIDuceslershlre, GL50 1TH, Uniled Kingdom. 1.1 Basls of preparation The financial slalemenls have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic ol relanol and the Charitie5 SORP "Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland (FRS 1021" The charity is a Public Benefit Enlily as defined by FRS 102. The financial sialemenls are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these finan¢ial slalemenls are rounded to thè nearesl £. The financial 51atemenls havo been prepared under the historical cost convention. The princlpal accounting policies èdopleLI are set out below. 1.2 Going Concarn As a result of the positive actions that have been taken ovèr Ihe18sI couple of years, the trustS believe that the charity remains in a relatively stable financial position 81 thè y88r-end. HDwever the Iruslees chose lo support the Digibus project out of unre51ricled funds in the year under report and the previous period. The chalily is culrenlly operating with a bank overdraft and the support of businesses associalod with the trustees. The trustees have considered the cash flow requirements of the charity for a period of twelve months from the dale of approval of these financial statements against ils business plan for that period and remain confident that, despite th6 ongoing uncertainties Df the current economic climate. they will be able lo raise sufficient funding lo enable the ¢harily lo continue with confidence and security. As 8 resu51, the Irusleas consider the chaiily lo be 8 going concern and have prepared the financial statements on that basis. 1.3 Chayitable funds Unreslricled funds are available for use al the discretion Df thè Iruslees in furtherance of their charitable objectives. Restricted funds are subject lo specific conditions by donor8 or grantors as lo how they may bè used. The purposes and uses of the restricted funds are sel out in thè notes lo thè financial slalemenls. Further explanation DI the nature and purpose of each fund is included in the notes lo the finan¢ial 81alemenls. 1.4 Income Income is recognised when the charity is legally enlilled lo il after any performance condilions have been mel. the amounts can be measured reliably. and11 is probable that income will be received. Cash donations are recognlstsd on receipt. Other donations are recognised once the charity has been notified of thé donation, unless performance conclilions require deferral of the amount. Income lax recoverable in relation lo donations received under Glft Aid or deeds of covenant is recognised al the lime of the donation. 10-
THE ITSA DIGITAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 3q MA Y2025 Accountlllg policles (Continued) 1.5 Expendlture Expenditure is recognised Dnce there is a legal or constructive obligaliDn lo transfer economic benefit to a third party, il is probable that a transfer ol ectrnomic beneffis will be required in selllemenl, and the amount of the obligation can be measured reliably. Expenditure is classified by aclivily. The costs of each activity are made up of tha lolal ol dir1 CDsl8 ancl shared costs, including support costs involved in undertaking each activity. Direct costs allribulable lo a single activity are allocated directly lo that aclivily. Shared costs which contribute lo more than one activity and support costs which are not atlribulable lo a single activity are apportioned between those activities Dn a basis consistent with the use of resources. Central staff c051s are allocated on the basis of lime spent, and depreciation chaiges are allocated on the portlon of the asset's use. 1.6 Fixed assèt Investments Fixed asset investments are initially measured al Iransa¢lion price excluding Ir8nsaclion costs, and are subsequently measured al fair value al each reporting dale. Changes in fair valuè aré recognised in nel incomellexpèndilurel for the year. Transaclic>n costs are expensed as incurred. A 8ubsidiary is an entity ¢onlroll8d by the Trust. Control Ss the power lo govern the financial ancl oper81ing policies of the entity so as lo obtain benefits from ils activities. 1.7 Employeè benèflts The cost of any LJnus@d holiday enlillemenl is recognised in the PBriod in which the employee's services are received. Termination benefits are recognised immediately as sn expense when the charity is demonstrably commilled lo lerminale the ?mploymenl ot an employee or lo provide lerminalion benefits. 4.8 R•tir•ment beneflts Payrnenls lo defined contribution retirement benefit scheme5 are charged as an expense as they fall due. Income from donations and legacles Unre$trleted Restrlctod fund$ funds 2025 Total Unre8trlcted Restrlct•d lund8 fund5 2024 2024 Total 2025 2025 2024 Donations and gifts Grants 66,435 143.302 209,737 6S,39fj 189,296 20,000 255.692 20.000 66,435 143,302 209,737 68,396 209,296 275,692
THE ITSA DIGITAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EAIDED 31 MA Y2025 Incomo from donatlons and legacies (Continued) Unrestricted Rest¥lctEd funds lund8 2025 Total Unrestrlcted Restilct•d lunds Totol 2025 2025 2024 2024 2024 Domatlons and glfts The BEIT TrLJSt Garfield Weston Foundation The Legatt Trust BigGive Gloucestershire NHS ICB Gloucestershire CC Thriving Communities The Educational And Chaiilable Trust Benevity S&P Globa MJB Charitsble Trust The Scoll IEredinel Ch8ri18bl& Trust Other 40,000 40,000 40,000 40,000 20,000 19,924 14,g10 10,QQO 20,000 19.924 14.910 10,000 5,536 5.536 7,500 7,500 7,500 7,500 6,000 5,941 6,000 5,941 5,000 5,000 5,000 5,000 5,000 49,494 5,000 75,462 25,968 61.396 136,260 197,658 66,435 143,302 209,737 66,396 189,296 255,692 Income from charitablo actlvllles Unr05trlcted l¥nds 2025 Unrestrlcted funds 2024 othey tradlng activiti•s Ancillary trading income Other income 135,299 72Q 137,510 8,333 136,019 145,843 Incomp from Investments Unr•8trlcted Unrestrlctad funds 2025 funds 2024 Interest receivable 12-
THE ITSA DIGITAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y2025 Expendlture on ralslng funds Vnrastrlctod Unre5trlctod fud8 2025 lunds 2024 Fundralslng and publiclty other fundraising costs 14,820 17,172 Rxpondlturo on charitable actlvltles 2025 2024 Dlroet costs Staff costs Rates and water Insurance Light and heat Telephone Postage, stationery and advertising Sundries 181.367 7,457 4,578 11.102 2,915 2,427 2,374 194,848 4,571 4,422 15,960 2,210 901 2,699 k ij Carriage Repairs and renewals Cornputer Costs Rent Maintenance Travelling and subsistance Digibus PToject costs Professional lees Bank charges SeNice charges Teacher training project costs 7,295 2,422 8,802 13,221 12,308 666 7,639 36,149 3.817 172 101,214 3,566 497 7,155 16,280 12,761 3,452 2,562 7,090 27.267 297.092 414,874 Shar• of support and governance costs (see note 7) Governance 2,430 2,492 299,522 417,366 Analysls by fund Unreslricled funds Reslricled funds 139,630 159,892 144,978 272,390 299.522 417,366 13-
THE ITSA DIGITAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y2025 Support costs allocated to activities 2025 2024 Governance 2,430 2,492 Analysed between: Bank loan interest Independent examination fees 387 2,043 637 1,855 2,430 2.492 Net mov•m•nt in funds 2025 2024 Thè nel movement in funds is slated aftèr chargingllcredilingl., Fees payable for the independent examination of the ch8rily's financlal statements 2,043 1,865 Trustees None of the trustees lor any persons connected with them) received any remuneration or benefits from thè charity during the year. qo Employèes The average monthly number of employees during the year was., 2025 Number 2024 Nurnber Employment ¢tssts 2025 2024 Wages and salaries Social security costs Other pension costs 161,326 11,475 8,566 174,413 9,541 10,894 181,367 194,848 There were no employets8 whose annual remuneration was more than £60,000. 11 Taxatlon The Gharily is exempl from laxalign on its activities because all ils income is applied for ch8ri18ble purpDses. 14-
THE ITSA DIGITAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2025 12 Flxed asset investments other Investments Cost or valuatlon Al l June 2024 & 31 May 2025 Carrying amount At 31 May 2025 Al 31 May 2024 2025 2024 Olher investments comprise.. Notes Investments in subsidiaries There were no investment assets assets outsid2 of the UK. The company's inveslmènls al the balanco sheet dale are the share capital of companio5 that include the following.. ITSA Educatlon Llmlted Registered office.. Wolseley House, Oriel Road, Ch@Ilenham, Glouceslershire, GL50 1TH Naluie of business.. IT Training and Education 1 OOOA $h8reholding.' 100 Ordinary shares During the year profits were paid up lo thè Charity by way ol dividend under deed of covenant from ils trading subsidiary, ITSA Education Limited, of £135.29912024'. £137.5101. 13 btOrS 2025 2024 Amounts falling due withln on• yoar.. other debtors Prepayments and accrued incom8 277,511 7,783 224,791 4,978 285.294 229,769 15-
THE ITSA DIGITAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2025 14 Loans and ovgrdrafts 2025 2024 Bank overdrafts Bank loans 31,306 10,000 24,685 20,000 41,308 44,685 Payable within one year Payablè after one year 41,306 34,685 10,000 15 Credltors: amounts falling due within one year 2025 2024 Not•s Bank loans and overdrafts Other taxation and social secursly Trade creditors Other Creditors Accruals and delerred income 14 41,306 4,503 28,806 17,948 8,004 34.685 2.915 19,248 2,836 6,640 100,567 66.324 16 Cr•dltor$: amounts fallln9 due after more than ono year 2025 2024 Notes Bank loans 14 10,000 17 Retirement benefit s¢h•M•s 2025 2024 Doflned contrlbution schemes Charge to profit or loss in respect of defined contribution schemes 8,566 10,894 The charity operates a defined contribution pension scheme for all qualifying employees. The assets ol the scheme are held separately from those ol the charity in an independently administered fund.
THE ITSA DIGITAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y2025 18 Restricted funds The reslricleLI fund5 of the charity comprise the unexpended balances of donations and grants held on tru81 subject lo specific conditions by donors as lo how they may be used. At l June 2024 Incoming Resour¢es resources expended Transfèrs At 31 May 2025 Bell Trust IT Teacher TralTrlng programme Zambia IT Lab Project Zimbabwe Tech Conn8cI Digibus Project Big Give Christmas Challenge Zambia'Buy One Get One, scheme Malawi Starter Pack IT Lab Project fvlalawi IT TeacheT Training Programme Zirnbabwe Kenya Shipping Cost Laptop battery programme 18,150 40,000 140,8521 17,298 6,147 17,932 34,926 21,139 18,933 115,1061 117,9321 134,9261 112,7611 12,6771 8,959 1,622 (17,9181 1,682 2,700 3,825 12,7001 13,8251 116,9521 33,810 10,858 502 5,OLIO 2,700 112,1611 8,959 5,000 5,000 5,OOD 59,124 143.302 1159.892} 1,622 44,156 Previous year: At 1 June Incoming Re$our¢o5 2023 resources exponded Tronsfors At 31 May 2024 Bèll Trust IT Teacher Training programme Zarnbla IT Lab Project Zimbabwe Tech Connect Digibus Project Big Give Chii81mas Challenge Zambia'Buy One Gel One, scheme Enlr&prgneurial skills Malawi Malawi Starter Pack IT Lab Project Malawi IT Teacher Training Progr8mrne Zimbabwe Kenya Shipping Cost 18,889 40.000 140,7391 18,150 3,500 12,780 4,500 10.000 49,952 116.2801 14,5001 110,0001 {101.2741 51.262 1,662 1,6fj2 2,250 12,2501 125,9551 122,6f51 137,9391 25,955 7,250 15,365 71,749 33,810 8,700 5,000 2,700 110,8981 502 5,LlOO 70,956 209,296 {272,3901 51,262 59.124 17-
THE ITSA DIGITAL TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED> FOR THE YEAR ENDED 31 MA Y2025 18 Restrf¢t•d funds {Contlnuedl Belt Trust Generously provide specific funding for transport and rel8led costs to ship IT equipment from Chellenham lo the various African country programmes. IT T•achar Training in Zambla Provision of ICT training courses for teachers and schoc>l leaders in Zambia, delivered by ITSA'S in-counlry partner Computers for Zambian Schools. lo improve digital education in schoc)Is. Tech Conne¢t Our local otjlreach project in Gloucestershire where we provide good quality refurbished IT equipment and technical support lo local organisalions, community cenlres, job Clubs, schools, iefugtse groups, coding and youth clubs all supporting marginalised and disabled groups and recruit, train and manage a cohort ol Digital Champions lo assist individuals with their digital skills. Digibus Project Our Project Manager and team of trainers conllnued lo provide free-of-charge IT support and skills training ID citizens of all 8g?s throughout Glouceslershlre, within our mission lo reduce digital deprivaliDn by giving people in the UK and Africa greater access lo IT equipment and IT skills. Blg Give Christmas Challeng• Participation in the annual Big Give Christmas Challenge enabl&d ITSA lo raise funds towards ils programmes for training teachers in Zambia and Zimbabwe. Entrepreneurial Skills Malawl The objective ol the project is for students lo gain vocational and entrepreneurial skills wlh the aim ol improving their future liv&lihoods. Malawi Starter Pack Schème The scheme is lo provide sets of 10 refurbished computers for low-income schools in Malaw. IT Lab ProA¢ct MalawF The project is lo provide full IT labs lo low-income schools in Malawi, complete with 30-50 refurbished end networked computers, a laptop for the teacher. a projector and inlernel connecllvlly. IT Toa¢h8r Trainlng in Zimbabwe Provision of ICT training courses lor teacherg and school leaders in Zimbabwe, delivered by ITSA'S in-counlry partner IT Education Zimbabwe. lo improve digital education in schools. Kenya Shlpping Costs Shipment costs for computers sent to Kenya. Zambia 'Buy One Get Onfy. scheme Set up lo encourag8 more schools, especially those in the more disadvantaged, rural areas of Zambi8, to invest in IT equipment The computers give pupils, le8chèrs and the wider community access to basic IT skills anL% information acc8ss. IT Lab Project Zimbabwe The project is lo provide full IT labs lo low-income schools in Zimbabwe. complete with 30-50 refurbished and networked computers, a laptop for the teacher. 8 projèctor and internet conneclivily. Laptop batt•ry programma Some laptops which are donated lo ITSA cannot be refurbished, often because of faults with the batteries. Our laptop ballery programme enables us lo buy new balleries so that laptops can be refurblshed and provided lo people in both Africa and the UK, lo Improve their prospects of an IT education, employment and greater soci81 Inclusion. 18
THE ITSA DIGITAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 3q MA Y 2025 19 Unr•stricl•d funds The unie51fioled funds Df the charity comprise the unexpended balances of donations and gTanls 7¢h are nL)I subjecl lo specific nditionS by donors and grantors as lo how they may be used. These include designated funds which h8ve been sel aside out ol unre8lri¢led funds by the liuslees for specific purpc)sÈs. At 1 June 2024 Incoming Resource5 resources expended Transfoys At 31 May 2025 General funds 95,139 202,454 1154,4501 11.6221 141,521 Previous year: At 1 Junè Ineomlng Resources 2023 r•sour¢o$ oxponded Transfers At 31 May 2024 Gen&ral funds 96,305 212,244 1162.1481 151,2621 95,139 20 Analys15 of net a55ets between funds Unr•$tii¢t•d lunds Reslrl¢ted funds Total 2025 2025 2025 At 31 May 2025: Investments Cvrrenl asselsllliabililiesl 141.520 44.156 185,676 141,521 44,156 185,677 Unrestrlcted R08trlct8d Total lunds lunds 2024 2024 2024 At 31 May 2024: Investments Current asselsllliabililiesl Long term liobililies 105,138 110.0001 59,124 164,262 110,0001 95,139 59.124 154,263 19
THE ITSA DIGITAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y2025 21 Related party transa¢t40ns ITSA Edu¢atlon Llmlt•d Subsidiary company Dur¢ng the year profits were paid up lo the charity by way Df dividend under deed of covenant from its trading subsidiary, ITSA Education Limited, of £135,299 12024". £137,510) and £0 12024.. £5,461) of Digibus project costs were incurred in and funded by the subsidiary company. Al the year end £277,511 12024.. £224,791) was ue from the subsidiary. M R Rat¢liffe Consultants Llmlt•d Related by reason of a Common dlrector The ielaled party charges expenses lo The ITSA Digital Trust. on an arms length basis. Th8 expenses charged in the year were £14,20212024.' £18,392). A loan of £17,300 was also provided lo the charity during the year. Al the year end the charily owed the related party £28,684. M R RatGliffe Consultants R•tir•m•nt Benefit Sch•mo Rolated by reason ol a common Irust•O The related party chsrges The ITSA Digital Trust rent for using two of its propertie5', this is charged at 500/0 of the market value. The rent charged In the year were £16,275 12024.. £18,275). Al the year end the chaiily owed the r8lated party £12,206. M R Ratcllffa MBE Trusteo The related party charges The ITSA Digital Trust r&nt for using two of his prop8rties and service charges for four of his properties,. this is charged al the Iruslee's discretion bul not to exceed market value. The lolal chaiged in the year was £4,069 {2024.. £26,997). 20-