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← The Turing Trust

2023-12-31-accounts

O TURING O TRUST Annual Report 2023 .LJ

Contents

Chief Executive Ofcer’s Report .......................................................... ……………… 3
About The Turing Trust ....................................................................... ……………… 5
Our Impact to Date ............................................................................... ……………… 5
Who We Helped .................................................................................. ……………… 6
2023 Facts and Figures ....................................................................... ……………… 7
Our Impact in 2023 .............................................................................. ……………... 8
Our Projects ........................................................................................ ……………... 12
Malawi ................................................................................................ ……………... 12
UK Operations ..................................................................................... ……………... 17
Environmental Impact ......................................................................... ……………… 19
Supporting UK Communities .............................................................. ……………… 19
Global Outreach .................................................................................. ……………… 21
2024 Aims and Objectives ................................................................... …………….. 23
Our Partners ....................................................................................... ……………… 24
Our Technology Donors ....................................................................... ……………… 25
Structure, Governance and Management ............................................. …………….. 27
Contact Details ................................................................................... …………….. 28
Financial Report ................................................................................. ……………... 30
Independent Auditors’ Report .............................................................. …………….. 35
Accounts ............................................................................................ …………….. 39

Cover photos:

Front: Lilongwe Nazarene Private Secondary School, Central Region, Malawi Back: Army Secondary School, Blantyre District, Southern Region, Malawi

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Chief Executive Officer’s Report

The year 2023 has marked another exceptional period for The Turing Trust, characterised by substantial progress and expansion across our programmes.

This was only possible thanks to the invaluable support extended by numerous donors and volunteers, contributing to the achievement of remarkable outcomes enabling us to make the positive social and environmental impacts we strive for.

Over the past 12 months, our team has delivered outstanding results, propelled by the generous donations from over 300 individuals and 172 organisations, ranging from multinational corporations to small businesses and charities. The number of computers donated reached an unprecedented 14,372, increasing yet again on last year’s total, underscoring the effectiveness of our efforts to streamline the donation process for individuals and companies.

Facilitating the donation of IT equipment is of course just the initial phase of our commitment to supporting education globally. I am delighted to report that this year saw yet more firsts as we dispatched three 40' containers of equipment to Malawi (the most we’ve ever done in a single year) and our first 40’ container to Kenya. These were accompanied by multiple smaller shipments to a variety of other destinations ranging from Sierra Leone to Ukraine. Beyond our primary programme in Malawi, we distributed 1,908 computers, tablets and phones to various charities globally and within the UK.

These accomplishments have been made possible by the dedication of our remarkable

James Turing

volunteers. With 258 volunteers contributing over 9,000 hours of collective effort, ranging from container packing to computer refurbishment, we continue to be immensely proud of their commitment and are honoured to have the privilege of working alongside such wonderfully dedicated people.

We achieved significant progress on the goals set in 2022, most notably the installation of computers in 103 schools and organisations in Malawi. In total, our impact has extended to 470 schools and

organisations globally, digitally supporting over 252,000 students – a testament to the highly commendable achievements of our small team.

Financially, The Turing Trust has continued its strong performance in 2023 with a total income of £963,338. This robust financial foundation continues to be fundamental to all our programmes and enables us to build our global impact.

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In 2023, our spending increased to £745,729 as both our teams in the UK and Malawi continued to expand. This growth aligns with our increasing income and underscores our ability to build our programmes in line with increased availability of funding. Throughout 2023, we maintained tight control over budgets, showcasing our ability to operate in a financially sustainable manner.

Our commitment to environmental sustainability has resulted in the diversion of 89 tonnes of PCs from waste during 2023. Subsequently our IT reuse program generated carbon savings equivalent to 1,800 tonnes of CO2 emissions, reinforcing our positive impacts on both education and the environment.

In conclusion, I extend my heartfelt thanks to our dedicated team of staff and volunteers whose exceptional efforts have empowered over 252,000 students to acquire vital IT skills. I eagerly anticipate the year ahead, confident in our ability to continue helping build a world where technology-enabled education is accessible to all.

James Turing, May 2024

New Era Private School, Ntcheu District, Malawi

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About The Turing Trust

The Turing Trust was set up by Alan Turing's family to enable IT supported learning by reusing computers in classrooms globally. Our operations in the UK provide valuable training & volunteering opportunities for our local Edinburgh community while reducing waste and contributing to an environmentally friendly society.

Our vision

A world with technology-enabled education for all.

Our mission

To empower disadvantaged communities using information technology enabled learning.

Ekwendeni Primary School, Mzuzu District, Malawi

Our Impact to Date

Through our work in the UK and with our partners we have:

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Who We Helped

The Turing Trust’s beneficiaries include teachers and students in schools globally as well as a wide range of disadvantaged people in the UK.

Globally

By the end of 2023 we have supported 470 schools in Malawi, Ghana, Kenya, Liberia, Sierra Leone, Zimbabwe, Lebanon, Ukraine and Colombia amongst several other countries.

Map showing countries where schools have been supported by The Turing Trust

UK

In 2023 we supported 21 schools and organisations across the UK with a total of 459 IT devices. This was distributed to a range of beneficiaries including refugees, students and people struggling with long-term unemployment and homelessness.

At our Scottish headquarters, just outside Edinburgh, we had 258 volunteers and trainees who worked with us over the course of 2023. In total our volunteers and trainees participated in over 9,000 hours of activities at our workshop - a critical component to our achievements.

Our trainees came from a wide variety of backgrounds and we are proud to have supported people from our local community struggling with a range of challenges that have included: long-term unemployment, homelessness, those who have a mental or physical disability, as well as refugees and asylum seekers.

Beyond these social impacts our IT reuse programme has generated significant environmental benefits throughout the year. In 2023 we diverted a total of 89 tonnes of PCs that would otherwise go to waste. The IT equipment we were able to save created equivalent carbon savings of 1,800 tonnes of CO2 emissions, which is the equivalent of planting 4,700 trees, or offsetting the annual carbon footprints of 196 Britons. The embodied energy savings created are also enough to power 460 UK homes for a year.

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2023 Facts & Figures

Number of new students using our computers: 83,000

Number of PCs sent to schools: 6,717

Total number of schools and organisations supported with our hardware: 470

IT Training (Malawi):

Monitoring and Evaluation (Malawi):

Kasungu Secondary School, Central Region, Malawi

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What We Achieved

Our main outcomes in 2023 included:

What Impact We Made

In 2023 we have continued to see significant long-term change in how Malawian students are learning IT skills. This is important to see given that our programme has now supplied 83% of all the computer labs in Malawi’s secondary schools.

This will become an ever larger commitment each year for The Turing Trust as we continue to maintain the equipment installed in these computer labs and ensure the schools are able to continue teaching transformative IT skills.

A notable sign indicating a positive trend in Malawi’s IT education space is that there was a 19.35% increase in the number of teachers graduating who were specifically qualified to teach computer science in Malawian schools. Indeed, the latest data showed that 186 new teachers were trained by the Ministry of Education in computer science, working out at nearly 2 teachers for every school where our Malawi partners Computers for Enhanced Education (CEE) installed computer labs in 2023. This demonstrates that the Malawian Ministry of Education has equally taken to the task of ensuring there are quality teachers available to maximise the opportunities presented through The Turing Trust’s programme of providing schools with IT equipment. Furthermore, this aligns with our digital pedagogy training through our programme that is building on this skills base to enhance the digital learning experiences for Malawian students.

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Likewise, we are proud to report the latest data evidence that schools supported by CEE in partnership with The Turing Trust are significantly exceeding the average national enrolment, showcasing the impact of our collaborative efforts in enhancing ICT education. Notably, Nkhunga Community Day secondary School (CDSS) leads in student enrolment at an impressive 82.6% of students studying computer studies – an optional subject at MSCE level, followed by Lake View Private Secondary School (72.2%), Nagwegwere Secondary School (71.3%), and Nkhotakota Secondary School (67.0%). Following the installation of our computers and attending our teacher training sessions, these schools have experienced a remarkable surge in ICT enrolment. This echoes what we’ve seen across the schools we monitored this year where there is an average student enrolment in computer studies for MSCE of 38.8% is over 3 times the national average of just 12.7%. This indicates a substantial achievement and the effectiveness of our work in fostering a more technologically literate student population.

On a more personal note, over the year we have received several positive reports from a number of schools who’ve benefited from our programme.

Mwayi Malemba is 19 year-old form 3 student at Namasika Community Day Secondary School. She hopes to pursue Nursing at Mzuzu University after her secondary education and was grateful to have had the opportunity to use the computers at school because thanks to her experience, she will not find it difficult to use a computer at the university for the assignments and her studies. Indeed, she has already been taking advantage of the e-learning materials installed on the computers that have enabled her to research beyond the curriculum and research her planned career in more detail in her after-school ICT club.

Namasika Community Day Secondary School, Machinga District, Malawi

“This affords us the liberty to revisit tutorials and study at our own pace after classes, thereby granting flexibility in our learning journey. Moreover, it means teachers can easily assign coursework, confident that the platform will efficiently deliver content and address the unique learning needs of each student. ”

Madalitso Makanjira, Mwanza Secondary School, Southern Region, Malawi

Madalitso Makanjira, a fourth-year student at Mwanza Secondary School also mentioned how she had been benefitting from the e- learning materials available through the local area network installed by CEE. With the e- learning courses developed by The Turing Trust she had been able to use Kolibri in its offline mode, eradicating the necessity for internet connectivity and the associated expenses.

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There were additional benefits noted by Noel Chilamba, a 17-year-old Form 4 student at Army Secondary School in Ngumbe, Blantyre district. With a student population exceeding 500, Noel emphasised the significance of the pre-installed e-learning software on the newly installed computers. In particular, by enabling the students to explore offline versions of resources such as Wikipedia or Khan Academy, the computers were serving as an offline digital library, offering numerous advantages by providing educational information on all the subjects taught at the school.

The accessibility of these cost-free resources is a welcome development for the school and its students, often relieving them of the burden of purchasing internet data

Army Secondary School, Blantyre District, Malawi

Emily Institute Of Education, Blantyre District, Malawi

This is something that was echoed by Haroon Juma, a 17-year-old student in Form 4, from the Emily Institute of Education, a school of 379 students. Haroon also referenced how these computers have not only expanded knowledge and digital skills but have introduced a more cost-effective way of accessing educational resources, making learning more accessible and equitable for the entire school community. Haroon also went on to describe how the arrival of the computers had helped him in choosing Computer Studies for MSCE. He was always interested in studying Computer Engineering at university; however, he was concerned his school would not have enough computers to enable each student to adequately practise on a machine themselves. Fortunately, with these newly installed computers he has been able to choose Computer Studies for MSCE and is looking forward to a career in Malawi’s burgeoning tech scene.

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Furthermore, Martin Chiwaya, a Form 4 student, of 16 years of age at Mulunguzi Secondary School, shared how the computers will help him and his fellow students to improve their academic performance. After his secondary education, Martin also wants to pursue Computer Engineering at Malawi University of Business and Applied Sciences (MUBAS).

Mulunguzi Secondary School, Zomba District, Malawi

“Before the coming of these computers, we only had four desktop computers which made it difficult for them as a class of more than 45 students. When we wanted to use the computers, we used to share one computer with more than 10 students. You can imagine using one computer with more than 10 students meaning you go without even touching a mouse for a whole lesson . ”

Martin Chiwaya, Mulunguzi Secondary School, Zomba District, Malawi

Mwanza Secondary School, Mwanza District, Southern Region, Malawi

Through all of these students’ experiences we are delighted to see that our programme is having an impact well beyond basic digital literacy and these newfound resources are not only expanding educational horizons but also instilling a sense of optimism for a brighter future.

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Our projects

In 2023, The Turing Trust concentrated its efforts primarily on the Malawi program while extending support to smaller projects in the UK, Kenya, Ukraine and several other countries through partnerships with various charitable organisations.

Malawi

Our Malawi team were able to build on our new offices located strategically in each region of Malawi; in Blantyre, Lilongwe and Mzuzu. Gratitude is extended to the dedicated individuals working at our partners Computers for Enhanced Education whose contributions made our accomplishments possible. Thank you Sylvester, Freda, Vigilant, Pemphero, Geoffrey, Lucas, Wongani, Rumbani, Chrispine, Benard, Elias, Edgar, Isaac, Jane, Sarah, Ethel, Mercy, Dorothy and Brian.

The financial sustainability of our joint project with Computers For Enhanced Education (CEE) is underscored by their generated income of 85,988,900 MWK (approximately £60,754 GBP) in 2023.

While challenges persist, our collective achievements over the last six years inspire confidence that, with continued donor and volunteer support, in the near future we will be able to ensure that every Malawian school can offer quality digital education opportunities.

The map below shows the location of the 226 secondary schools as well as primary schools, universities and other organisations in Malawi that had computer laboratories up and running by the end of 2023. The link is to an interactive GoogleMap that gives the names of each school and organisation with photos.

Highlights

4,829 PCs sent to Malawi.

Installation of 103 computer labs.

Training given to 327 teachers through 107 training sessions.

Comprehensive surveys in 103 Malawian schools, including 24 headteachers, 120 teachers and 44 students.

Our Malawian partner generated approximately £60,754 from IT maintenance subscriptions.

2,222 computers repaired or replaced under our maintenance programme to ensure fully functional computer labs in schools.

Successful maintenance program affirming our original estimate of a 4-year PC lifespan in schools.

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Schools with Turing Trust Computers

Key CEE Office Primary School Secondary School University Other organisation

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Monitoring and Evaluation

In 2023, we witnessed substantial growth in our school monitoring efforts thanks to the addition of a full-time Monitoring and Evaluation Officer at our partner CEE. This enabled us to substantially ramp up our monitoring efforts with 103 schools monitored in 2023. This enabled us to interview 120 teachers, 24 headteachers and 44 students. Positive responses from headteachers, teachers and students emphasised the computers' impact on teaching and learning.

This data helped us learn more about some significant progress that has been made in Malawi recently. For example, we have noted an encouraging increase in the number of ICT qualifications among the interviewed teachers. Out of 24 teachers interviewed in Quarter 2, 2023, 67% reported having ICT qualifications, a significantly larger proportion compared to the 44% of teachers with suitable qualifications reported in 2022. This is yet another indicator that suggests our ICT programme in Malawi is helping to make change at the institutional level and bring more highly qualified teachers to Malawi’s secondary schools where they can help us maximise the benefits of the newly installed equipment.

The Turing Trust is dedicated to contributing to improved educational outcomes for teachers and students in Malawi by offering teacher training alongside the hardware we provide. In 2023, there was a surge in our digital pedagogy teacher training initiatives that take teachers well beyond the basic training we provide to all schools when they join our programme. This year we were able to offer four separate digital pedagogy sessions nationwide. One took place in Lilongwe in April , two in Blantyre (one in August and another in December) and one in Mzuzu in December 2023. These four training sessions collectively drew participants from 83 schools, where a total of 121 teachers learnt from our digital pedagogy course.

Teacher Training December 2023, Blantyre, Southern Region, Malawi

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Our digital pedagogy teacher training course consisted of several comprehensive modules targeted towards the current Malawian curriculum including: web design, Visual Basics programming, RACHEL, Kolibri, PC networking, disability mainstreaming, gender blindness, and basic PC maintenance. The anticipated outcomes focused on two key areas, firstly boosting teachers' computer skills and secondly in helping to make teaching with technology more inclusive.

We are pleased to report the successes of our maintenance programme that during 2023 repaired 1,087 PCs for Malawian schools. Our partners CEE also replaced a further 1,135 PCs for schools that have been part of our programme for several years, helping to ensure that students had access to fully functional computer labs. In total our maintenance programme provided significant impacts alongside our installation programme, with our maintenance activities enabling us to in effect nearly double the total number of computers provided to schools over the year alongside the 2,384 new computers installed.

Navigating the various challenges of computer studies teaching in Malawi that leads to a modest 12.7% enrolment of secondary school students according to the Malawi Education Statistics Report 2022, remains a critical focus for our programme. Given this, we are proud to report the latest data evidence that schools supported by CEE in partnership with The Turing Trust are significantly exceeding the average national enrolment, showcasing the impact of our collaborative efforts in enhancing ICT education. Notably, Nkhunga Community Day Secondary School (CDSS) leads in student enrolment at an impressive 82.6% of students studying computer studies– an optional subject at MSCE level, followed by Lake View Private secondary School (72.2%), Nagwegwere Secondary School (71.3%), and Nkhotakota secondary School (67.0%). Following the installation of our computers and attending our teacher training sessions, these schools have experienced a remarkable surge in ICT enrolment. This echoes what we’ve seen across the schools we monitored this year where there is an average student enrolment in computer studies for MSCE of 38.8% is over 3 times the national average of just 12.7%. This indicates a substantial achievement and the effectiveness of our work in fostering a more technologically literate student population.

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In our in-depth survey of 44 students we saw a notable emphasis from the students in regard to their academic and career aspirations, specifically in computer studies. Notably, 98% of students expressed a strong interest in pursuing higher education at the university level; given that IT skills are a prerequisite for attending university then we are glad to see that the availability of digital learning at secondary school is opening up new avenues for tertiary education for many Malawian students.

When delving into students' academic interests, 55% of students demonstrated a strong inclination toward continuing their studies in the IT sector. Out of the interviewed students, 12 expressed a strong interest in pursuing higher education in Computer Studies, with an additional 12 aspiring to a career in Computer Programming. A notable improvement is observed when compared to the 2022 report, where only 11% of students had planned to study ICT at the university level.

Nkhunga Community Day Secondary School, Nkhotakota District, Malawi

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UK Operations

Computer Collection and Refurbishment

This year we yet again increased the quantity of ICT equipment donated.

This year, we received substantial donations from key contributors, including Bupa, London Business School, Skyscanner, Heriot AV, South Bank Colleges, Emeria UK, Skills Development Scotland, Reconomy, National Records of Scotland, Govia Thameslink Railway, Said Business School – University of Oxford, N-able, Broadstone, Reusing IT, University of Suffolk, United Trust Bank, Rathbones and BGF.

Corporate Partners and Fundraising

We were delighted to continue our long-standing relationships with Upper Story, Arcturus Publishing and Zoopla, along with grants from Baillie Gifford, that were instrumental to our achievements this year.

Furthermore, we’ve received significant pro-bono support from Sopro, Boss Digital and exceptional who have all continued to support us in a variety of ways, helping us continually improve our digital marketing efforts. Similarly, Blancco have enabled us to accelerate our capabilities to refurbish donated devices at speed and scale, with their compliant, automated way of permanently sanitising data from devices. Lastly, Arnold Clark has made it possible for us to collect thousands more computers thanks to their support.

Volunteering

The dedication of 258 volunteers who collectively contributed over 9,000 hours greatly impacted our operations, making it possible for us to process and refurbish all of the IT equipment donated this year.

In particular we would like to thank some of our most dedicated volunteers who have each contributed over 100 hours this year: Andrew N, Phil, Adam, Mark, Rob, Lesley-Ann, Chris, Nick, Moira, Andrew L, Maris, Ian, Graham R, Graham D, Ed, Jim, Leonid, Pat, Joan and Nicki.

Our ongoing relationship with the Department for Work and Pensions has enabled us to improve our trainee programme. The DWP has continued to recommend us to interested candidates, enabling us to support our local community through training and the provision of employable skills. This year some of our trainees have included the long-term unemployed, vulnerable adults, those experiencing homelessness, individuals who have suffered serious illness, refugees and asylum seekers, those who have a mental or physical disability and military veterans. Our training this year was not entirely IT focused and included softer skills such as communication, building professional networks, teamwork, problem solving, the ability to work under pressure and time management. All this skill-building comes together to increase our UK trainees’ employability.

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One of our favourite volunteer stories from 2023 came from Reice. Reice heard about The Turing Trust through a family member, and after visiting our website, he decided to apply to volunteer with us to gain hands-on experience to support his university studies (Computer Security and Ethical Hacking) whilst giving something back.

Back in July, Reice had this to say:

“I've only been volunteering for two months, and I'm surprised at just how much I have learned already! Whilst volunteering with The Turing Trust, I've had the opportunity to learn things I never would have otherwise. I did not know anything about Data Destruction when I started, but that is now what I specialise in. ”

We are delighted to report that Reice has since moved on to a full-time job as an Electrical Engineer with DC Electrical.

Reice volunteering at The Turing Trust workshop in Edinburgh

Staff and volunteers load a container at The Turing Trust workshop in Edinburgh

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Environmental Impact

Our IT reuse program has not only saved over 22,089 computers for reuse but in the last year also diverted over 89 tonnes of ICT equipment from waste.

The resulting carbon savings of 1,800 tonnes was the equivalent of planting 4,700 trees, or offsetting the annual carbon footprints of 196 Britons. The embodied energy savings created were also enough to power 460 UK homes for a year as well.

Supporting UK Communities

This year we’ve been able to significantly expand our impact in the UK thanks to grant funding. This has meant we’ve supported a wider range of communities and beneficiaries than ever before.

Partnerships with various organisations have facilitated the provision of computers, phones, tablets and other educational ICT equipment to schools, charities, and support groups including: Cumbernauld Primary School, the CoderDojo at the Brandon Library, Care4Calais, Forth Sector, the Clarion Housing Group, RefuAid, Craigroyston High School, Craigmount Secondary School, and Perth Minorities Association.

One notable collaboration has been with The Welcoming, a Scottish charity dedicated to supporting asylum seekers, refugees and migrants in Edinburgh. The Welcoming envisions a diverse and inclusive Scotland where everyone feels welcome and can achieve their potential. Their mission involves supporting newcomers in learning English, finding jobs, accessing local services, fostering friendship and creativity, and connecting locals and newcomers through social and cultural exchange.

The impact of these devices is best expressed through the words of recipients like Shadan, who said:

“I've been living in Edinburgh since June with my mum and my four younger brothers and sisters. It's important for me to have a laptop so I can join a college course online. I want to join an ESOL program at Edinburgh College next year and improve my English too. ”

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Mansor Karrda, an engineer, shared with us how the provision of a laptop will help him to study for a job in the UK:

“I am an engineer from Sudan and I need to improve my English so I can find work in Scotland. Thank you for the laptop. Now I will be able to join online classes and study. ”

Another beneficiary, Hussein, explained how the laptop opened new doors, saying:

“I am a refugee living in temporary accommodation. I am really happy to get the laptop because I want to start a CCNA & Security+ certification course with ITPT, so I really needed it. Thank you ”

The DigiUK project, in collaboration with partners like The Welcoming, continues to break down barriers and create opportunities for education and integration to those who need it the most. As evidenced by Shadan, Hussein and Mansor, access to IT devices has proven to be empowering and even life-changing.

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Global Outreach

This year we expanded our work to support charities and communities in Colombia via the Fundacion para la Equidad Educativa.

Beyond this, we were also able to support dozens of schools in Kenya thanks to grant funding that enabled our partnership with the Kenyan branch of Habitat for Humanity alongside our existing work with the Thika Alumni Association and the Red Rubber Ball Foundation in Kenya.

Naromoru Girls Secondary School, Nyeri County, Kenya

CGM Chilka Primary School, Laikipia County, Kenya

Similarly, we continued our partnerships with organisations in The Gambia including the Gunjur Project Association in association with the 1st Crystal Palace Scouts and the UK Jarra Association. Lastly, thanks to the initiative of one of our long-term partners, Reusing IT, we were able to support their projects equipping schools in Ukraine with IT equipment.

As an example of the impact we’re helping to make globally we were pleased to receive the following update from the Gunjur Project Association. In a proactive move to embrace the digital era, the Gunjur Project Association organised a four-day IT training in The Gambia for ten teachers from Gunjur and its satellite villages, as well as two teachers from Foni district. The training was one of Gunjur Project Association’s many activities that made use of laptops provided by The Turing Trust.

Trainees came from the following schools: Gunjur Senior School, Gunjur Lower Basic School, Gunjur Secondary School, WYCE Basic Cycle School, Anne Grether Basic Cycle School, Kafenkeng Bambara Lower Basic School and Kandongue Lower Basic School

This comprehensive IT training aimed to empower teachers with the necessary skills to integrate technology into their classrooms effectively.

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Jarra Jatta, who has been teaching for 18 years, is currently teaching at Gunjur Lower Basic School. She teaches students between the ages of 7 and 12.

“Being a teacher is my passion and I am involved in Girl Guides activities. I like teaching and as the saying goes ‘education is the key to success’. My best experience in teaching is helping infants to be able to read and write. Having access to IT training will help in making work easy by typing, entering data, saving and retrieving documents provided that I have my own laptop.”

Another teacher from the training, Sanna Darboe from WYCE Basic Cycle School stated:

“I want to have a positive impact on children's lives. My best experience is meeting students on a regular scheduled basis, planning and delivering instruction, developing, or preparing instructional materials and evaluating students’ performance.”

Sanna has been teaching for 13 years and explained how important it is for him to be part of the IT training:

“It will help me to download teaching and learning aids from the internet which will be very useful in the classroom.”

By investing in teacher development, the Gunjur Project Association is empowering their educators to enrich classrooms through technology integration. Students will gain valuable knowledge from their teachers' improved digital skills and access to online teaching aids.

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2024 Aims and Objectives

In the coming year we plan to work towards our two key aims and associated objectives outlined below. For our first aim this work will predominantly focus on our Malawian programme, where we will continue to scale up our operations. With offices now open in 3 major cities we can support schools across the whole country. We will also continue to support beneficiaries in the UK and beyond where opportunities allow. There will be a multitude of supporting activities to achieve this, largely similar to those completed in 2023.

Trustees Outlook

The trustees have a positive outlook on the future direction of the charity with the past year’s growth showing great potential for the coming year. The continuing growth shown last year has helped to influence their decision making and strategy, allowing for activities to continue scaling up so we can provide more opportunities for IT education to those who need it most.

Aim 1

Continue to install computers in classrooms in a sustainable manner that supports a holistic learning approach. (SDG 4 - Quality Education).

Aim 2

Build our UK operations to enhance our volunteering programme and increase our ability to process donations efficiently. (SDG 17 - Partnership For The Goals).

Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all.

Strengthen the means of implementation and revitalize the global partnership for sustainable development.

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O TURING O TRUST Our Partners Foreign, Commonwealth & Development Office The Scottish Government UKaid Riaghaltas na h-Alba COMPUTERS "ENHANCED from the British people EDUCATION blancco BAIIIIE GIFFORD TM Jnvestmenl managers exceptional • BOSS Reusing D l G l T A L STO ZOOPLa SPINT Nics •UILD IAECH*NICAL TUIZINS Arnold fiurk TUMBLE. CAR & VAN RENTAL BUILD MAFIBLE.POWEFIED UNITED ROBOTICS GROUP the Coblotx company ARCTURUS Rotary Club of Currle Balerno PUBLISHING 24

O TURING O TRUST Our Technology Donors Rthbonos Look forward Reusing IT Bupa N-ABLE. e BROADSTONE London Business School BGF The Scottish Government Riaghaltas na h-Alba Skyscanner Ip UNITEDTRUST.BANK LLOYDS BANK Emeria 25

O TURING O TRUST Our Technology Donors {2) I:Icoiioir UNIVERSITY OF Business Sch()()I Audio Visual OXFORD National Records of Scotland GTR elA rgenta SOUTH BANK SB COLLEGES Skills Development Scotland Part ot LSBU I GROUP <4 Natwest Reconomy• University of Suffolk Triodos @Bank 26

Structure, Governance and Management

Names of the Charity Trustees on date of approval of the Annual Report

Dermot Turing (Founder) Lumbani Mwafulirwa Lilian Ndirangu Bernie Hollywood Lillian Owiti Stella Muthuri (appointed 11th March, 2024)

Names of all other Charity Trustees during the period, if any (for example who resigned part way through the financial period): Anne Wacera Wambugu resigned on 11th March, 2024.

Constitution

The Turing Trust is a Charitable Incorporated Organisation. It was registered in its current legal form with the Charity Commission on the 15th April 2014 (1156687).

The Turing Trust was registered with the Office of the Scottish Charity Regulator through Cross-Border registration on the 19th November 2015 (SC046150).

There have been no key constitutional changes made over the last year.

Governance

The Turing Trust is overseen by the above board of six trustees and seven advisors (below) who met in person or virtually as a whole group four times in 2023 with numerous smaller meetings amongst available members. Trustees are responsible for the strategic direction of the charity, for providing financial oversight, and for ensuring that the organisation is well governed and operates in line with charitable objectives. Trustees come from a variety of professional backgrounds relevant to the work of the charity. A schedule of delegation is in place and day-to-day responsibility for the provision of the services rests with the Chief Executive Officer.

The Turing Trust is governed by our policies which are available on our website.

Trustee recruitment, induction and training

Trustees are appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trustees give regard to the skills, knowledge and experience needed for the effective administration of the CIO. Trustees work towards the charity’s aims and objectives and serve within the constituted guidelines. Trustees, if not already aware, learn the principles and practice of the charity and company regulation at the outset of their appointment using training provided by Scope, OSCR and the Charity Commission.

In 2023 no trustees received any remuneration and no trustee expenses were paid.

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Structure, Governance and Management (2)

Public benefit

The trustees have had regard to the guidance issued by the Charity Commission on public benefit.

Pay and Renumeration of Key Personnel

Senior Management staff are remunerated in line with industry norms, or awarded as a result of any additional training, qualifications, responsibility and exceptional performance, where agreed by independent trustees. Otherwise, increments are in line with annual cost of living increases across all pay scales.

Advisory board

Evelyn Toma Rob Dobson Henry Mphwanthe Brian Ferguson Andrew Clark Nicola Turing John Turing

Bankers: Santander, 31 Hanover Street, Edinburgh, EH2 2EB

Auditors: Whitelaw Wells, 9 Ainslie Place, Edinburgh, EH3 6AT

Charity Details and Contact Information:

Charity Name: The Turing Trust Registered Charity Number in Scotland: SC046150 Registered Charity Number in England and Wales: 1156687

Charity principal address (Scotland): Unit 7C, Pentland Industrial Estate, Loanhead, EH20 9QH Charity principal address (England): TT 388/17 Southwark Park Road, London, SE16 2ET Phone: 0131 564 0062 / 07554 121219

Email: info@turingtrust.co.uk Website: https://turingtrust.co.uk/ Twitter: TuringTrust Facebook: TuringTrust LinkedIn: Turing Trust

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Structure, Governance and Management (3)

Responsibilities of Trustees

The charity Trustees are responsible for preparing a Trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (UK Generally Accepted Accounting Practice).

The law applicable to charities in Scotland requires the charity Trustees to prepare financial statements for each year, which show a true and fair view of the state of affairs of the charity and the incoming resources and application of resources of the charity for that period. In preparing the financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 (as amended), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for maintaining the integrity of the charity and its financial information on the congregation’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement as to disclosure to auditors

So far as the Trustees are aware, there is no relevant audit information of which the charity’s auditors are unaware; and each Trustee has taken all steps that they ought to have taken as a Trustee in order to make themselves aware of any relevant audit information and to establish that the charity’s auditors are aware of that information.

29

Financial Report

The Turing Trust is a UK-based charity that works with our international partners to build their capacity as social enterprises able to deliver our charitable objectives. In the UK we have several avenues for generating revenue, including charitable fundraising, grants from institutional donors, private and corporate donations and the sale of donated high-specification computers where appropriate. The Turing Trust places great emphasis on transparency and robust financial stewardship.

The Turing Trust has continued its strong performance in 2023 with a total income of £963,338 (2022 restated: £905,054) of which £831,607 (2022 restated: £810,241) was cash and £131,731 (2022 restated: £94,813) comprised donated goods, services and facilities. Total expenditure was £745,729 (2022 restated: £620,782) of which £614,732 (2022: £531,210) was cash, £68,501 (2022 restated: £26,448) was the nominal cost of donated goods distributed and £62,496 (2022: £63,124) was the value of donated facilities and services.

Total funds of £1,016,471 (2022: £798,862) have been carried forward to 2023. Figures in this review are taken from our full accounts approved on 13th May, 2024 and which include the auditors' report. If any further details are required, please refer to the full accounts which are published at the end of this annual report.

Our income from individual and corporate donations remains stable and we were delighted to be awarded a further £40,000 from Baillie Gifford which has supported our DigiLearn project and a further £4,800 cost of living donation. We have also received significant support from the Night Sky

Foundation and Upper Story for our Malawi projects whilst grants from the Mail Force Charity and Blackrock Gives (via the Tides Foundation) have enabled us to grow our activity within the UK. We continued to participate in the Long-Term Unemployed Programme and Job Creation Schemes offered by Midlothian and City of Edinburgh Councils respectively. These placements have increased capacity for our Edinburgh operations to process donated equipment for use in Malawi, other countries and within the UK.

Since the publication of the 2022 financial statements, the trustees have reviewed and revised the policy for the recognition of stock in the financial statements (see note 1q). The 2022 figures have been restated to be comparable to the figures included in the 2023 accounts under the revised policy. The impacts in the 2022 financial statements are summarised in note 20 in the financial statements. From 2023 only donated stock processed and ready for distribution is held at fair value, deemed to be the most economical replacement cost. Any donated goods sold to raise funds to support charitable activities are valued at net realisable value at time of sale. On this basis, donations of IT equipment have risen from an equivalent value of £31,689 in 2022 to £69,235 in 2023. The charity also continues to benefit from various donations of services and facilities in kind.

In 2023 the most notable change in our trading activities was the setting up of a trading company (Turing IT Ltd). The Turing Trust now outsources our trading activity to Turing IT Ltd and receives 100% of the net distributable profits as a donation in return. This transfer of trading activity is reflected in the decreased income (£206,738) from trading in 2023 (2022: £406,264).

30

Financial Report (2)

Our expenditure has also risen substantially in 2023. Most notably our expenditure on charitable activities has risen by 52% from £415,593 to £633,631. This reflects one 40ft container shipped to Kenya and three 40ft containers shipped to Malawi. We continue to support the expansion of our team in Malawi with offices in Blantyre, Lilongwe and Mzuzu which will allow us to support schools across the whole of Malawi.

would be unable to deliver our day to day operations and projects to continue to maximise our impact in the UK, Malawi and gradually further afield.

The cost of selling donated goods decreased significantly in 2023 and principally reflects the costs incurred through our partnership with Vyta prior to the transfer of trading activity to Turing IT Ltd.

Staffing costs are our most significant item of expenditure, representing 39% of our overall costs. However, without this valuable resource and our brilliant volunteers, we

Our governance costs remain low at 2% of our total expenditure and principally reflect the cost of audit and outsourced accountancy support.

Sources of cash funds

31

Financial Report (3)

Expenditure

Our cash funds (excluding the £44,408 liability remaining for the Energy Savings Trust loan at the end of 2023 and the loan of £164,000 from JD & NJ Turing for the purchase of our Pentland premises) have decreased from £663,802 to £535,721. However, The Turing Trust purchased our Pentland premises for £364,000 in July 2023, which means that the charity now has a permanent home for its operations.

The trustees of The Turing Trust have reviewed its reserves policy in 2023 and consider that one month of working capital is sufficient free reserves to manage the day to day operations of the Trust and in the unlikely event of the need to wind down the charity, cover any necessary costs. The free reserves at the end of 2023 were £60,183 which ensured that the policy was met.

The Turing Trust designated fund, the Schools’ Future Fund supports our long-term responsibilities for beneficiary schools. This is set at a minimum of four months’ operating costs in the UK and six months’ operating costs in Malawi, to ensure that in the event of the need to wind down the charity, we can adequately ensure that all PCs in our possession are installed in classrooms and that we can ensure the continuity of maintenance and IT end-oflife recycling services to our beneficiary schools. In 2023 there was £762,000 in the Schools’ Future Fund.

32

Financial Report (4)

The Turing Trust did not run a deficit in 2023 and at year end had receivables of £112,238 and liabilities of £222,134.

Our main partner in Malawi has also increased the income generated by operating as a social enterprise. Through our joint programme Computers for Enhanced Education generated 85,988,900MWK (approximately £60,754) in 2023 compared with 43,667,5740 MWK (approximately £35,443) in 2022. This demonstrates the long-term sustainability of our project in Malawi. These funds are used for our charitable objectives through our programmes in Malawi.

Key Figures

2021 (restated)
£		 2022
(restated)
£		 2023
£
Total incoming funds 462,985 810,241 963,338
Total donated goods, services
and facilities		 200,557 94,813 131,731
Total outgoing resources 398,590 620,782 745,729
Net income 264,952 284,272 217,609
Cash in Bank
(at year end, excluding any loans)		 426,729 663,802 535,721

Risk Management

The Trustees place a high priority on effective risk management to ensure that the charity operates within its financial capabilities and makes prudent financial decisions. In addition to financial risk management, the Trustees also place a high priority on minimising the risk to our staff and volunteers and the risk of not being able to deliver our charitable objectives on a sustainable basis. Policies and procedures are in place covering health and safety related matters, safeguarding and operational matters. The risk register is reviewed regularly by the board of trustees, with the highest risks being reviewed quarterly and the full risk register being reviewed annually. The principal risks are identified and mitigation strategies discussed and agreed.

33

Financial Report (5)

As of December 2023, the Board of Trustees had identified the most significant risks as:

Risk category
Description of risk
Strategy to manage risk		 Risk category
Description of risk
Strategy to manage risk		 Risk category
Description of risk
Strategy to manage risk
Information
technology.
Failure of IT
security		 Potential of a data
breach / non-
compliance with GDPR,
theft from the
warehouse or malicious
hacking leading to loss
of customer data
bearing assets.		 Processes in place for wiping and checking
efcacy on all equipment as well as ensuring
physical security. Use of protective software
such as OnDMARC to prevent spoofng attacks.
Refresher training provided regularly to all.
Fundraising Potential loss of grant
funding or regular cash
donations.		 Continual review of expected donations incoming
versus those received. Measures to be taken
immediately on noting any negative trend.
Equipment
donations		 Potential loss of IT
donations would impact
our ability to deliver our
charitable objectives
and also to raise funds
from the sale of high-
spec IT equipment.		 Continual review of expected donations incoming
versus those received. Measures to be taken
immediately on noting any negative trend.
Procedural and
systems
documentation		 Potential of
organisational
procedures not being
adequately followed
resulting in adverse
outcomes.		 Policies in place to cover all aspects of work.
Staff undergo PVG checks. Volunteers undergo
training and agree to our terms. Training on
policies delivered regularly to all.

Overall, The Turing Trust has continued to demonstrate a stable financial performance. The charity is in a strong place to continue to expand our work to deliver our charitable objectives in a financially sustainable manner over the long-term.

Approved by the Trustees and signed on their behalf,

J D Turing (Chair) 13th May, 2024

34

Independent Auditors’ Report

INDEPENDENT AUDITORS’ REPORT TO THE TRUSTEES OF

THE TURING TRUST

FOR THE YEAR ENDED 31 DECEMBER 2023

Opinion

We have audited the financial statements of The Turing Trust (‘the charity’) for the year ended 31 December 2023, which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, Including FRS102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs UK) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Trust in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

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Independent Auditors’ Report (2)

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 (as amended), the Charities and Trustees Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended) requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of trustees’ responsibilities set out on page 31, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

36

Independent Auditors’ Report (3)

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 155 of the Charities Act 2011 (as amended) and section 44 (1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with regulations made under that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities that result from fraud are inherently more difficult to detect than irregularities that result from error.

From enquiries of those charged with governance, it was determined that the risk of material misstatement from fraud was low with little scope for fraud to occur. Our audit testing is designed to detect material misstatements from fraud where there is not high level collusion.

Our audit testing was designed to detect material misstatements from other irregularities that result from error where there is not high level concealment of the error. In this regard the following audit work was undertaken: applicable laws and regulations were reviewed and discussed with management; senior management meeting minutes were reviewed; internal controls were reviewed; and journals were reviewed. From this audit testing it was determined that the risk of material misstatement in this regard was low.

We performed income and expenditure testing which was designed to identify any irregularities as a result of mistakes or human error. From this audit testing it was determined that the risk of material misstatement in this regard was low.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/ auditorsresponsibilities.

This description forms part of our Report of the Auditors.

37

Independent Auditors’ Report (4)

Use of our report

This report is made solely to the Trust's members and trustees, as a body, in accordance with section 155 of the Charities Act 2011 (as amended) and section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005, regulation 10 of the Charities Accounts (Scotland) Regulations 2006 (as amended). Our audit work has been undertaken so that we might state to the Trust's members and trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Trust and its trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Whitelaw Wells Statutory Auditor 9 Ainslie Place Edinburgh EH3 6AT

13th May, 2024

Whitelaw Wells is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.

38

Accounts: Statement of Financial Activities as at 31 December 2023

Note Unrestricted
Funds		 Restricted
Funds		 Total
Funds
2023		 Total Funds
2022
RESTATED
£ £ £ £
Income:
Donations and legacies
Individual and corporate donations 237,941 104,217 342,158 208,391
Grants 0 0 0 16,800
Donatedgoods 69,235 0 69,235 31,689
Donated services 34,190 0 34,190 14,375
Donated facilities 28,306 0 28,306 48,749
Charitable activities
Grants 0 264,563 264,563 166,943
Other income derived from charitable activities 2,769 0 2,769 9,540
Trading activities
Sale of donatedgoods 178,070 0 178,070 396,824
Other tradingactivities 28,668 0 28,668 9,440
Investment income(interest on bank deposits) 15,379 0 15,379 2,303
Total income 4,5 594,558 368,780 963,338 905,054
Expenditure:
Expenditure on raising funds
Costs incurred in seekingdonations 6,714 543 7,257 12,346
Costs incurred in the sale of donatedgoods 92,736 0 92,736 182,038
Expenditure on charitable activities
Donatedgoods distributed 87,086 52,284 139,370 116,753
Payments relatingdirectlyto charitable activities 163,605 330,636 494,241 298,840
Obsolete stock recycled duringtheyear written off 0 0 0 0
Governance costs 12,125 0 12,125 10,805
Total expenditure 7 362,266 383,463 745,729 620,782
Net income / (expenditure) and net movement in
funds for theyear		 232,292 (14,683) 217,609 284,272
Reconciliation of funds 19
Total funds brought forward 589,891 208,971 798,862 514,590
Transfers to / (from) funds 0 0 0 0
Total funds carried forward 822,183 194,288 1,016,471 798,862

39

Accounts: Balance Sheet as at 31 December 2023

Note 2023 2022
RESTATED
£ £
Fixed assets(NBV)
Tangible assets 11 371,708 6,845
Investments 0 0
Total fxed assets 371,708 6,845
Current assets
Stock 14 10,530 9,796
Debtors 15 112,238 206,113
Cash in bank and in hand 13 744,129 716,946
Total current assets 866,897 932,855
Liabilities
Creditors: fallingdue within oneyear 16 122,462 96,430
Total assets less current liabilities 1,116,143 843,270
Creditors: fallingdue after more than oneyear 16 99,672 44,408
Net assets 1,016,471 798,862
The funds of the charity 19
General funds 60,183 59,485
Designated funds 762,000 530,406
Restricted funds 194,288 208,971
Total charity funds 1,016,471 798,862

Approved by the Trustees and signed on their behalf by:

JD Turing (Chair) B Hollywood Date: 13th May, 2024

40

Accounts: Statement of Cashflows as at 31 December 2023

2023 2022
£ £
Cashprovided by (used in) operating activities 224,200 238,120
Cash fows from investing activities
Bank interest 15,379 2,303
Purchase of tangible fxed assets (367,660) (3,350)
Cashprovided by /(used in) investing activities (352,281) (1,047)
Cash fows from fnancing activities
Loan fnance 164,000 0
Repayment of borrowing (8,736) 8,736
Cashprovided by (used in) fnancing activities 155,264 8,736
Increase(decrease) in cash and cash equivalents in theyear 27,183 228,337
Cash and cash equivalents at the beginning of theyear 716,946 488,609
Total cash and cash equivalents at the end of theyear 744,129 716,946

Reconciliation of net income / expenditure to net cashflow from operating activities as at 31 December 2023

2023 2022
RESTATED
£ £
Net income / expenditure (as per Statement of Financial Activities) Includes
interest		 217,609 284,272
Add back in depreciation charge 2,797 2,066
Add back investment income (15,379) (2,303)
Decrease (increase) in stock (734) (49,019)
Decrease (increase) in debtors 93,875 (184,789)
Increase (decrease) in creditors (73,968) 78,299
Net cashprovided by / (used in) operating activities 224,200 238,120

Analysis of Changes in Net Debt as at 31 December 2023

At start of year Cashfows Non cash
changes		 At end of year
Cash 716,946 27,183 0 744,129
Loans falling due within one year (8,736) (100,000) (108,736)
Loans falling due after more than one year (44,408) (55,264) (99,672)
Net cash 663,802 (128,081) 0 535,721

41

Accounts: Statement of Financial Activities as at 31 December 2022

Note Unrestricted
Funds		 Restricted
Funds		 Total Funds
2022
RESTATED		 Total
Funds
2021
£ £ £ £
Income:
Donations and legacies
Individual and corporate donations 152,928 55,463 208,391 175,514
Unrestricted grants 16,800 0 16,800 5,000
Donated goods 31,689 0 31,689 128,908
Donated services 14,375 0 14,375 22,900
Donated facilities 48,749 0 48,749 48,749
Charitable activities
Restrictedgrants 30,000 136,943 166,943 196,397
Other income derived from charitable activities 6,950 2,590 9,540 4,253
Trading activities
Sale of donatedgoods 396,824 0 396,824 76,332
Other tradingactivities 9,440 0 9,440 4,759
Investment income(interest on bank deposits) 2,303 0 2,303 730
Total income 4,5 710,058 194,996 905,054 663,542
Expenditure:
Expenditure on raising funds
Costs incurred in seeking donations 12,053 293 12,346 4,165
Costs incurred in the sale of donated goods 182,038 0 182,038 54,049
Expenditure on charitable activities
Donated goods distributed 83,439 33,315 116,754 72,261
Payments relating directly to charitable activities 93,235 205,606 298,840 252,204
Obsolete stock recycled during the year 0 0 0 8,243
Governance costs 10,805 0 10,805 7,668
Total expenditure 7 381,569 239,213 620,782 398,590
Net income / (expenditure) and net movement in
funds for the year		 328,489 (44,218) 284,272 264,952
Reconciliation of funds 18
Total funds brought forward 261,411 253,179 514,590 249,638
Transfers to / (from) funds (10) 10 0 0
Total funds carried forward 589,891 208,971 798,862 514,590

42

Accounts: Notes to the Accounts

The Turing Trust is registered with the Office of the Scottish Charity Regulator (OSCR) SC046150 and with the Charity Commission of England and Wales 1156687.

1. Accounting Policy

a. Basis of Preparation

The Turing Trust meets the definition of a public benefit entity under FRS 102.

The financial statements have been prepared under the historical cost convention, except for donated goods which are included at fair value.

Preparation of the accounts follows the guidance from the Office of the Scottish Charity Regulator (OSCR) and the Charity Commission of England and Wales.

The accounts (financial statements) have been prepared in accordance with the following:

The accounts have been prepared to give a “true and fair view”.

b. Preparation of the accounts on a going concern basis

The trustees consider that there are no material uncertainties about The Turing Trust’s ability to continue as a going concern.

c. Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. The reserves fund is a designated fund derived from the unrestricted funds of the charity. Restricted funds are donations or grants which are to be solely used for specific projects. Details of restricted funds are given in note 19.

d. Incoming resources

All incoming resources are recognised once the charity has entitlement to the resources, it is probable (more likely than not) that the resources will be received, and the monetary value of incoming resources can be measured with sufficient reliability.

i. Grants

Where there are terms or conditions attached to incoming resources, particularly grants, then these terms or conditions must be met before the income is recognised as the entitlement condition will not be satisfied until that point. For grants that are awarded over more than 1 year and payments dependent on reaching project milestones, income is not recognised until the grant money has been received.

43

Accounts: Notes to the Accounts (2)

ii. Donations

Individual and corporate donations that are made through fundraising platforms are recognised as income at the point the donation to the fundraising platform is made.

iii. Gift Aid

Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. Gift Aid receivable, whether the donation is paid directly or via a fundraising platform, is recognised as income at the point at which the donation is made.

iv.

Legacies

The Turing Trust does not receive any incoming resources from legacies.

v. Cryptocurrency donations

Income from cryptocurrency donations is not recognised in the financial statements until they have been converted into GBP (via Coinbase) and paid into our cash account. The valuation of the cryptocurrency donations held in our Coinbase account at the end of the financial year is based on the exchange rates used by Coinbase on that date and given in note 13 to the accounts. Cryptocurrency donations made via The Giving Block are converted into USD at the time of donation and recognised in our financial statements from the date of donation.

vi. Donated goods

Goods donated via our offices in Pentland are recognised at fair value at the point at which they have been processed and packed ready for international distribution or are distributed to UK recipients. Donated goods are typically distributed to beneficiaries at no cost and so fair value is deemed to be the replacement cost. Replacement cost is the economic cost incurred if the charity was to replace the service potential of the donated goods at its own expense in the most economic manner. Refurbished donated goods that are deemed suitable for sale to provide funds to cover operational costs are recognised at their sale value at the point of sale.

Goods donated through our partners are recognised in the accounts once they have been processed either as our share of the proceeds of sale less the costs of sale, or for goods designated for distribution to beneficiaries at no cost at fair value (as above). Donated goods that have not yet been processed are not valued until they are either ready for distribution (fair value as above) or sale.

Goods donated for on-going use by the charity are recognised in the SoFA as incoming resources at fair value when receivable and those valued under £1000 are expensed In the SoFA in the year in which they were received. Any goods valued at >£1000 are recognised as tangible fixed assets.

44

Accounts: Notes to the Accounts (3)

vii. Donations in kind – services

Donated services are measured and included in the accounts on the basis of the value of the gift to the charity. Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. Where it is not possible to value a gift of services to the charity reliably, these are described in the notes to the accounts. Note 4 has details of services donated in kind.

viii. Donations in kind – facilities

Donated premises used by The Turing Trust are measured and included in the accounts at fair rent valuation.

ix. Volunteer help

The value of any voluntary help received is not included in the accounts, but the contribution of volunteers is described in note 10 and in the trustees’ annual report.

e. Resources expended and irrecoverable VAT

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to each category of expense shown in the Statement of Financial Activities. Expenditure is recognised when the following criteria are met:

The Trust registered for VAT on 1st March 2022 and expenditure is show net of VAT. Irrecoverable VAT relating to non-business or exempt activities is accounted for as part of the expenditure to which it relates.

f. Allocation of support costs

Support costs are those costs which do not relate directly to a single activity. These include some staff costs, office costs, costs of administration and currency costs not related to specific projects. Support costs have been apportioned between fundraising costs, trading costs and charitable activities on an appropriate basis. The analysis of support costs and the bases of apportionment applied are shown in note 8.

g. Fundraising costs

Fundraising costs are costs incurred in generating income for the charity and include a proportion of staff costs apportioned on the time spent and fundraising platform fees. The analysis of fundraising costs and the basis of apportionment are detailed in notes 7 and 8.

h. Trading costs

Trading costs are those involved in generating income by the sale of refurbished donated goods. These costs include a proportion of staff costs apportioned on the time spent, the relevant costs of sale and marketing and payment provider fees. The analysis of trading costs and the basis of apportionment are detailed in notes 7 and 8.

45

Accounts: Notes to the Accounts (4)

i. Costs of charitable activities

Costs of charitable activities comprise all costs incurred in the pursuit of the charitable objects of the charity. These costs, where not wholly attributable, are apportioned between the categories of charitable expenditure in addition to the direct costs. The total costs of each category of charitable expenditure include an apportionment of support costs as shown in notes 7 and 8.

j. Governance costs

Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Governance costs are reported separately in the Statement of Financial Activities and are detailed in note 7.

k. Debtors

Debtors are amounts owed to the charity. They are measured on the basis of their recoverable amount.

l. Cash and cash equivalents

Cash at bank and in hand is held to meet the day to day running costs of the charity as they fall due. Cash equivalents are short term, highly liquid investments, in 90-day notice interest bearing savings accounts.

m. Creditors

Creditors are amounts owed by the charity. They are measured at the amount that the charity expects to pay to have to settle the debt.

n. Realised gains and losses

i. Fixed assets

These are recognised in the Statement of Financial Activities as they arise. Losses / gains on fixed assets are calculated as the difference between the net book value at the beginning of the year (or purchase value if later) and the amount realised on sale / scrappage.

ii. Exchange rate gains / losses

Donations made in USD are held in a USD account until transferred to our partners in Malawi. Whilst funds are held as USD, the theoretical exchange rate gain / loss is reported as a note to the account using the Bank of England spot rate at the close of the financial year. Further details are given in note 9.

o. Tangible fixed assets

Individual fixed assets valued at >£1,000 are capitalised at cost, or at fair market valuation for those items that have been donated and are kept for the use of the charity. They are depreciated over the estimated useful economic lives on a straight-line basis as follows:

Asset category
 Estimated useful economic life Annual rate of depreciation
Fixtures and fttings
5 years		 20%
IT equipment 3 years 33.3%

Land and buildings are stated at cost less accumulated depreciation. When considering depreciation the Trustees believe that due to the high residual value of the property, as it is well maintained, any depreciation charge in respect of the land and buildings would be immaterial and therefore no charge has been made.

46

Accounts: Notes to the Accounts (5)

p. Intangible fixed assets

Intangible fixed assets are included on the balance sheet only if it is possible to determine a fair value for that asset. When this is not possible, details of the intangible fixed asset are given as a note to the accounts (note 12).

q. Stocks held for distribution to beneficiaries or for sale to raise funds to support our charitable activities (see also 1.d.vi)

Stocks that have been processed and packed ready for distribution are held at fair value which is deemed to be the most economical replacement cost. Only stock with a dedicated asset number from our stock management system is valued (PCs, laptops, tablets and mobile phones). Low-value items such as monitors, keyboards, mice and other peripherals are not included as the value is considered to be immaterial. Refurbished goods that are sold to raise funds to support our charitable activities are valued at the sale cost at the time of sale and the income from the sale recognised on the Statement of Financial Activity. Details of stock movements are given in note 14.

r. Staff costs and pensions

Staff costs are apportioned according to the time each member of staff spends on an activity (fundraising, trading which includes the sale of refurbished donated goods to raise funds for the charity and charitable work). Full details of the allocation of staff costs are given in note 10.

All staff are enrolled in the Nest workplace pension scheme with an employer’s contribution rate of 4% of pensionable pay and an employee contribution rate of 5% of pensionable pay (the employee’s basic pay) with the option for employees to make additional voluntary contributions if they wish to. Employees who are eligible are also given the opportunity to participate in a pension salary sacrifice scheme.

The charity made no redundancy payments during the reporting period.

s. Judgment and key sources of estimation uncertainty

In the application of the charity’s accounting policies, the trustees are required to make judgment, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The most significant judgment in the accounts relates to the valuation of donated stock.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2. Related party transactions

The Charity Commission of England and Wales has given permission for James Turing to be employed as the Chief Executive Officer of the Turing Trust even though he is a connected party to one of the trustees. This trustee is not involved in any decisions taken that relate directly to James Turing or his employment.

HMRC has confirmed that the provision of rent-free accommodation by JD & NJ Turing to The Turing Trust via a lease meets the requirements of a gift of a qualifying interest in land as set out at S433 Income Tax Act 2007 provided that the transaction is evidenced as being arm length with an independent valuation of the rental value and that the donor does not become entitled to an interest or right in that property in accordance with S444 ITA 2007. The current valuation of the market rental value performed in January 2023 is £56,000 per annum. The value of the rent donated in 2023 (prior to the purchase of the property by The Turing Trust on 03/07/2023) was £28,306.

47

Accounts: Notes to the Accounts (6)

The Turing Trust purchased Unit 7C, Pentland Industrial Estate, Loanhead EH20 9QH from JD and NJ Turing on 03/07/2023 for £364,000. The purchase was part-funded by an interest free loan of £164,000 from JD & NJ Turing, all of which remains outstanding at the year end.

Turing IT Ltd was set up by James Turing (a connected party to one of the trustees of The Turing Trust and sole director and member of the company) to undertake trading on behalf of The Turing Trust. The details of the relationship between The Turing Trust and Turing IT Ltd are covered by an outsourcing agreement whereby Turing IT undertakes all trading for The Turing Trust in return for the donation of distributable profits. In 2023, The Turing Trust loaned Turing IT £20,000. This loan with interest of £764 was repaid in full by year end. Turing IT paid The Turing Trust rent and service charge of £6,439 and donated £14,984. At year end, Turing IT further donations due from sales in 2023 were estimated to be £90,000.

The Turing Trust reimbursed JD & NJ Turing for the cost of buildings insurance (01/01/2023-17/07/2023 when the policy taken over by The Turing Trust) £1,454 (2022 full year: £2,817).

Trustee expenses

No expenses were paid to Trustees in 2023 (two trustees were paid a total of £541 in expenses for attending trustee meetings in 2022). Trustees receive no renumeration or other benefits from the charity other than expenses.

3. Legal status of The Turing Trust

The Turing Trust is a Charitable Incorporated Organisation. It was registered in its current legal form with the Charity Commission of England and Wales on the 15[th] April 2014.

The Turing Trust was registered with the Office of the Scottish Charity Regulator through Cross-Border registration on 19[th] November 2015.

48

Accounts: Notes to the Accounts (7)

4. Analysis of income

Unrestricted
funds		 Restricted
funds		 Total
funds		 2022
RESTATED
Analysis £ £ £ £
Donations
& Legacies		 Individual donations 14,244 20,595 34,839 28,227
Gift aid 1,216 4,061 5,277 4,335
Corporate donations 144,885 77,211 222,096 110,832
Other donations (including receipts
from charitable trusts, charity
accounts and prizes)		 77,596 2,350 79,946 64,997
Grants
Social Investment Scotland 0 0 0 0
Lendlease Europe Limited 0 0 0 1,800
The 4814 Trust 0 0 0 15,000
0 0 0 16,800
Donated goods
For distribution or sale to raise
funds to support our charitable
activities		 69,235 0 69,235 31,689
Donated services
Boss Digital staff support for our
website and communications		 5,000 0 5,000 5,000
Sopro support with marketing 15,000 0 15,000 9,375
Turing IT Ltd - Services of CEO 14,190 0 14,190 0
Donated facilities
Use of premises at Pentland for
nominal rent of £1per annum		 28,306 0 28,306 48,749
Total donated goods, services and
facilities		 131,731 0 131,731 94,813
Total 369,672 104,217 473,889 320,004

Total income from donations in the previous year (restated) was £320,004 of which £264,541 was unrestricted and £55,463 was restricted.

The Turing Trust also benefits from donations of software licenses with support from Redbooth, OnDMARC, Sage, Salesforce, GoogleAdWords, Microsoft Office 365 Business Essentials. These are not included in the accounts as the charity would use open source software to provide an equivalent benefit and so the value to the gift to the charity is deemed to be £0.

49

Accounts: Notes to the Accounts (8)

4. Analysis of income (2)

Unrestricted
funds		 Restricted
funds		 Total
funds
2023		 2022
RESTATED
Analysis £ £ £ £
Charitable
activities		 Grants
UK Aid Direct via FCDO (Foreign,
Commonwealth and Development
Ofce)		 0 0 0 230
Nightsky Foundation 0 40,000 40,000 0
Baillie Gifford International
SponsorshipCommittee		 0 0 0 30,000
Foundation Scotland/Baillie
Gifford UK TrainingProgramme		 0 0 0 5,000
Kickstart scheme (administered by
Scottish Borders Council)		 0 26,232 26,232 26,232
Long Term Unemployed
Programme (administered by
Midlothian Council)		 0 9,992 9,992 14,762
Entain Foundation 0 0 0 85,000
Blackrock via Tides Foundation 0 7,986 7,986 0
Mailforce 0 204,681 204,681 0
Othergrants <£10,000 0 1,904 1,904 5,719
0 264,563 264,563 166,943
Sale of goods at cost to other
charities for distribution to
benefciaries		 1,440 0 1,440 2,810
Reimbursement of costs
associated with collection of IT
equipment and delivery of IT
equipment to other charitable
organisations		 1,329 0 1,329 6,730
2,769 0 2,769 9,540
Total 2,769 264,563 267,332 176,483

Total income from charitable activities in the previous year was £176,483 of which £36,950 was unrestricted and £139,533 was restricted.

50

Accounts: Notes to the Accounts (9)

4. Analysis of income (3)

Unrestricted
funds		 Restricted
funds		 Total
funds
2022		 2021
Analysis £ £ £ £
Other trading
activities		 Sales of refurbished computers 178,070 0 178,070 399,883
Licenses / royalties for use of Turing
Trust branding		 2,874 0 2,874 2,024
Rent ofpremises & associated costs 6,439 0 6,439 0
Other fees including IT collection and
data removal and audit reports		 19,355 0 19,355 4,357
Total 206,738 0 206,738 406,264
Income from
investments		 Interest income 15,379 0 15,379 2,303
Total 15,379 0 15,379 2,303
TOTAL
INCOME		 594,558 368,780 963,338 905,054

All investment income arises from money held in interest bearing 90-day deposit accounts that are covered by the Financial Services Compensation Scheme or the Gibraltar Deposit Guarantee Scheme.

All income from other trading activities and income from investments was unrestricted in the current and previous year.

5. Analysis of receipts of government grants

Description 2023 2022
Restrictedgrants £
UK Aid Direct via FCDO
(Foreign, Commonwealth and
Development Ofce)		 Small Charities Challenge Fund Grant. Awarded 13th
January 2020. Paid over 2 years in arrears once
project activity completed and approved. Total grant
not more than £53,408.73. For a project supporting
Malawiangirls with IT skills.		 0 230
Kickstart scheme
(administered by Scottish
Borders Council)		 Support for salary costs and costs of providing
support for participants to develop work skills and
experience.		 0 26,232
Longterm Unemployed
Programme (administered by
Midlothian Council)		 Grant payment for the costs of paying for two
employees working 30 hours per week for 26 weeks.		 9,992 14,762
Job Creation Scheme >25's
(City of Edinburgh Council -
Business Growth & Inclusion)
(included in grants <£10,000)		 Funding provided through the Scottish Government's
No One Left Behind Funding for two paid Work
Experience Placements working 16 - 20 hours per
week for 26 weeks.		 1,904 3,719

51

Accounts: Notes to the Accounts (10)

6. Role of volunteers

Volunteers play a crucial part in our activities. They play a key role in our computer refurbishment operations in Edinburgh and in helping to load containers on shipping days. We also have several volunteers who work remotely to support our operations and their activities include the sourcing and development of e-learning materials and their alignment to the Malawi curriculum, website and social media support, risk management, bookkeeping and the preparation of the accounts and annual report. In 2023, 258 volunteers supported The Turing Trust with over 9,000 hours of work.

7. Analysis of expenditure (1)

Analysis of expenditure on fundraising activities

Unrestricted
funds		 Restricted
funds		 Total
funds		 2022
Analysis £ £ £ £
Staff costs (note 10) 3,180 0 3,180 6,597
Overheads 782 0 782 2,371
Cost of donations (platform fees) 2,752 543 3,295 3,378
Sub Total 6,714 543 7,257 12,346

Total expenditure on fundraising activities in the previous year was £12,346 of which £12,053 was unrestricted and £293 was restricted.

Analysis of expenditure on trading activities (including the sale of donated goods)

Unrestricted
funds		 Restricted
funds		 Total funds
2023		 2022
RESTATED
Analysis £ £ £ £
Staff costs (note 10) 5,301 0 5,301 29,543
Overheads 1,238 0 1,238 10,613
Cost of sales 86,197 0 86,197 141,882
Sub Total 92,736 0 92,736 182,038

Total expenditure on trading activities in the previous year (restated) was £182,038 all of which was unrestricted.

52

Accounts: Notes to the Accounts (11)

7. Analysis of expenditure (2)

Analysis of expenditure on charitable activities

Unrestricted
funds		 Restricted
funds		 Total funds
2023		 2022
RESTATED
Analysis £ £ £ £
Staff & volunteer costs in UK (note 10) 97,459 184,299 281,758 169,174
Project costs 3,372 145,997 149,369 69,042
Overheads in UK 62,755 360 63,115 60,624
Cost of computers distributed 87,086 52,284 139,370 116,753
Cost of obsolete donations recycled 0 0 0 0
250,672 382,940 633,612 415,592
Governance costs
Audit of accounts 7,334 0 7,334 5,480
Trustee expenses 0 0 0 541
Professional and legal costs 4,791 0 4,791 4,784
12,125 0 12,125 10,805
Total 262,797 382,940 645,737 426,398
Total expenditure 362,266 383,463 745,729 620,782

Total expenditure on charitable activities in the previous year was £397,625 of which £128,704 was unrestricted and £268,921 was restricted.

53

Accounts: Notes to the Accounts (12)

8. Allocation of support costs and overheads

Support and overhead costs are allocated between fundraising, trading and charitable activities. Governance costs are those support costs which relate to the strategic and day to day management of a charity and are reported on separately under charitable expenditure from unrestricted funds. Trading costs include those involved in the sale of donated goods to raise funds to support our charitable objectives.

The bases of allocation used are:

Overheads

heads
2023
£		 2022
£
Marketing – printed materials / promotional goods 897 833
Website 319 426
Rent and rates 5,521 5,580
Gas and electric 7,644 4,900
Internet / phone 575 479
Travel and Entertainment 569 215
Ofce costs 6,215 4,781
Insurance 4,184 4,128
Repairs and renewals 616 3,799
Bank charges 3 79
Foreign exchange transactions 246 21
Exchange rate (gain) / loss 2,043 (7,844)
Bad debts 200 397
Depreciation 2,797 2,065
Donated services (branding, website) 5,000 5,000
Donated facilities 28,306 48,749
Total 65,135 73,608

54

Accounts: Notes to the Accounts (13)

Allocation of overheads

Allocation of overheads
2023 2022
Activity % Staff Time £ % Staff Time £
Charitable 96.9 63,115 82.4 55,273
Charitable (project related) 4,901
Fundraising 1.2 782 3.2 2,371
Trading 1.9 1,238 14.4 10,613
Total overheads cost 65,135 73,608

9. Analysis of funds held in USD accounts

Donations made in USD are held in a USD account until transferred to our partners in Malawi. This minimises transaction costs. Whilst funds are held as USD, the theoretical exchange rate gain / loss is reported as a note to the account using the Bank of England spot rate at the close of the financial year.

2023 2023 2022 2022
Transferwise (Wise) $ £ $ £
Balance at start of year 38,501 31,980 51,338 37,298
Additions 64,234 54,016 36,604 28,899
Payments (94,466) (77,929) (49,378) (42,008)
Fees (95) (76) (63) (53)
Exchange rate gain / loss 0 (1,580) 0 7,844
Balance at end ofyear 8,173 6,411 38,501 31,980

10. Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel.

Staff costs

2023 2022
£ £
Salaries and wages 248,928 186,472
Seconded staff costs 14,190
Social security costs 17,412 11,497
Pension costs (employer contributions) 9,299 6,954
Volunteer costs 410 391
Total staff costs 290,239 205,314

No employees in the current or previous year received employee benefits (excluding employer pension costs) greater than £60,000.

55

Accounts: Notes to the Accounts (14)

Key management personnel costs (excluding trustee costs)

2023 2022
£ £
Total amount paid to key management
personnel including pension		 35,812 60,392

Staff numbers

2023 2022
Number Number
Average head count in the year (FTE) 8.2 6.3
Full-time staff 4 5
Part-time staff `1 10
FTE at the start of the fnancial year 6.5 6.25
FTE at the end of the fnancialyear 8.2 6.5

The average number of staff on a head count basis was 10 (2022: 8).

Trustee expenses

No trustees were reimbursed expenses for attending trustees meeting during the year (2022: Two trustees were reimbursed a total of £541). Trustees receive no renumeration or other benefits from the charity other than expenses.

56

Accounts: Notes to the Accounts (15)

11. Tangible fixed assets

11.
Tangible fxed assets		 11.
Tangible fxed assets		 11.
Tangible fxed assets		 11.
Tangible fxed assets		 11.
Tangible fxed assets		 11.
Tangible fxed assets		 11.
Tangible fxed assets
Cost (for purchases) or valuation (for donatedgoods)
Freehold
land &
buildings		 Other
land &
buildings		 Plant,
machinery
and motor
vehicles		 Fixtures,
fttings and
equipment		 IT
equipmen
t		 Total
£ £ £ £ £ £
At the beginning of the year 0 0 0 10,327 0 10,327
Additions 364,000 0 0 3,660 0 367,660
Revaluations 0 0 0 0 0 0
Disposals 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At end of the year 364,000 0 0 13,987 0 377,987
Depreciation and impairments
Basis Not
applicable		 SL Not
applicable		 SL SL
Rate Not
applicable		 5 years Not
applicable		 5 years 3 years
At beginning of the year 0 0 0 3,482 0 3,482
Disposals 0 0 0 0 0 0
Depreciation 0 0 0 2,797 0 2,797
Impairment 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At end of the year 0 0 0 6,279 0 6,279
Net book value
Net book value at beginning
of theyear		 0 0 0 6,845 0 6,845
Net book value at end of the
year		 364,000 0 0 7,708 0 371,708

During the year Turing Trust purchased the Pentland warehouse for £364,000.

57

Accounts: Notes to the Accounts (16)

12. Intangible assets

The Turing Trust has registered the mark Turing (Trade Mark No: UK00003348952) in respect of the repair of computers for charitable purposes. This is not included in the balance sheet as it is not possible to determine a fair value for this asset.

The Turing Trust accepts cryptocurrency donations via Coinbase (see note 15 below for details of current holdings). These donations are recognised as intangible assets until transferred into GBP (for significant donations this is as soon as possible following receipt of the donation, given the significant volatility of all cryptocurrencies). Smaller donations are aggregated and converted into GBP once the combined donations reach a threshold of £500.

13. Analysis of cash and cash equivalents

ash and cash equivalents
2023 2022
£ £
Cash at bank and in hand (GBP) 89,744 293,444
Cash at bank and in hand (USD) 6,411 31,980
Notice deposits (less than 3 months) 647,974 391,552
Total cash and cash equivalents 744,129 716,946

Cash held in 2023 included £44,408 (2022: £53,144) remaining of the loan from the Energy Savings Trust.

The notice deposits are two 90-day notice accounts held with Triodos Bank (registered in UK) and Moneycorp Bank (registered in Gibraltar) and a 32 day notice account held with Lloyds Bank (registered in the UK). All of the amounts held on interest bearing deposit are available to spend on charitable activities.

Cryptocurrency donations via Coinbase are not included in the income statement until converted into GBP and transferred to our current account.

Holdings in Coinbase at year end (GBP equivalent at rate of exchange at year end)

Coinbase holdings 2023 2022
£ £
387 89

58

Accounts: Notes to the Accounts (17)

14. Stock

2023 2022
RESTATED
Donated
goods		 Donated
goods
£ £
Opening 9,796 70,371
Adjustment: re stock recognition policy* 65,816
Added in period 69,235 31,689
Expensed in period (68,501) (26,448)
Closing 10,530 9,796

15. Debtors and prepayments

and prepayments
2023 2022
£ £
Trade debtors 5,609 202,783
Prepayments and accrued income 100,190 3,330
Other debtors 6,439 0
Total 112,238 206,113

The Turing Trust does not have any debtors falling due after one year.

16. Creditors and accruals

2023 2022
£ £
Trade creditors 61 65,078
VAT 619 12,898
Accruals and deferred income 13,046 9,718
Other creditors 208,408 53,144
Total 222,134 140,838

59

Accounts: Notes to the Accounts (18)

The Energy Savings Trust loan to The Turing Trust was made in January 2021 with interest free repayment to be made over 8 years, starting in February 2021. Of the outstanding £44,408, £8,736 is due to be repaid in 2024.

Repayments of the Energy Savings Trust loan:

2023 2022
£ £
Due < 1year 8,736 8,736
Due 2-5years 34,944 34,944
Due after 5years 728 9,464
Total 44,408 53,144

Repayments of the loan from JD & NJ Turing:

e loan from JD & NJ Turing:
2023 2022
£ £
Due < 1year 100,000 0
Due 2-5years 64,000 0
Due after 5years 0 0
Total 164,000 0

This loan is secured by standard security over the property.

17. Contingent assets and liabilities

The Turing Trust does not have any recognisable contingent liabilities.

The Turing Trust is in receipt of grants where subsequent payments are contingent on the approval of progress reports. These are detailed below:

ports. These are detailed below:
Description of grant Estimate of fnancial effect in following year
2023 2022
£ £
Longterm Unemployment Programme 3,250 4,376
Baillie Gifford International Sponsorship Committee 40,000 0
Job Creation Scheme >25's 0 1,807
Total 6,243 6,183

The Long Term Unemployment Programme is on track and we do not anticipate any issues relating to the timing or settlement of this grant.

Baillie Gifford confirmed an award in December 2023 for £80,000 over two years for a programme of activity commencing in May 2024 when the first £40,000 is available for drawdown and the 2nd tranche will be granted in May 2025 subject to satisfactory performance and reporting.

18. Funds held by the charity

The charity does not hold any endowment funds.

60

Accounts: Notes to the Accounts (19)

19. Details of material funds held and movements during the CURRENT reporting period

*Key: R - restricted income funds, U - unrestricted income funds

Fund names Type
of
Fund*		 Purpose and Restrictions Fund balances
brought
forward		 Income Expenditure Transfers Fund balances
carried
forward
Restricted £ £ £ £ £
Malawi Project
Malawi project (Big Give) R To support our projects in Malawi by providing funds to support
activities necessary to the success of these projects but not funded
by other restricted grants.		 42,764 39,432 40,176 0 42,020
Malawi project (Baillie Gifford
2023-2024)		 R To fund the provision of digital skills and equipment to 7,000
Malawian students		 0 40,000 29,406 0 10,594
Malawi Nightsky Foundation
Project		 R The project will provide 400 computers to 20 Malawian schools to
beneft 7,000 students. We will provide training to 40 teachers in
digital pedagogy, a digital e-library and long-term maintenance
plans.		 0 40,000 40,000 0 0
IT for Schools (Malawi) R To support our latest UK-Malawi project by providing funds to
support activities necessary to the success of these projects but not
funded by other restricted grants.		 81,207 2,350 83,557 0 0
Kenya Project
IT for Schools (Kenya) R Three year project to install 700 computers across 35 schools and
community centres in Kenya, along with training for 70 teachers in
digital pedagogy and networking to beneft 12,000 Kenyan students.		 85,000 0 48,131 0 36,869
Bridge the Digital Divide in UK
Bridge Digital Divide in the UK
(includes Mailforce grant of
£204,681 and Big Give Green
Match Fund of £22,435)		 R Support the distribution of computers to disadvantaged schools and
students in the UK.		 0 227,116 127,297 0 99,819
Training Programmes
Blackrock via Tides Foundation R IT Skills for Employability 0 7,986 3,000 0 4,986

61

Accounts: Notes to the Accounts (20)

19. Details of material funds held and movements during the CURRENT reporting period (continued)

*Key: R - restricted income funds, U - unrestricted income funds

Fund names Type of
Fund*		 Purpose and Restrictions Fund balances
brought
forward		 Income Expenditure Transfers Fund balances
carried
forward
Restricted (continued) £ £ £ £ £
Employability Programmes
Long Term Unemployed
Programme (LTUP)		 R The LTUP funded by Midlothian Council have provided funding for
salary and training costs for one employee working 30 hours per week
for 6 months		 0 9,992 9,992 0 0
Job Creation Scheme (JCS) >
25's		 R Funding provided through the Scottish Government's No One Left
Behind Funding for two paid Work Experience Placements working 16
- 20 hours per week for 26 weeks.		 0 1,904 1,904 0 0
Restricted subtotal R 208,971 368,780 383,463 0 194,288
Unrestricted
General Funds U 59,485 594,558 362,266 (231,594) 60,183
Designated Funds - Schools
Future Fund		 U Fund to support long-term responsibilities for schools such which is
set at a minimum of four months’ operating costs in the UK and six
months’ operating costs in Malawi to ensure that in the event of the
need to wind down the charity, we can adequately ensure that all PCs
in our possession at that time are installed in classrooms and that we
can ensure the continuity of maintenance and IT end-of-life recycling
services to our benefciary schools. This also includes funds for future
planned projects that are set to commence with sufcient funding.		 530,406 0 0 231,594 762,000
Unrestricted subtotal 589,891 594,558 362,266 0 822,183
Total Funds 798,862 963,338 745,729 0 1,016,471

62

Accounts: Notes to the Accounts (21)

19. Details of material funds held and movements during the PREVIOUS reporting period (RESTATED)

*Key: R - restricted income funds, U - unrestricted income funds

Fund names Type
of
Fund*		 Purpose and Restrictions Fund balances
brought forward		 Income Expenditure Transfers Fund balances
carried forward
RESTATED
Restricted £ £ £ £ £
Malawi Project
UK Aid Direct via FCDO (Foreign,
Commonwealth and Development Ofce)		 R Small Charities Challenge Fund Grant. To support a project
supportingMalawiangirls with IT skills.		 O 230 230 0 0
Malawi project (Big Give) R To support our projects in Malawi by providing funds to support
activities necessary to the success of these projects but not
funded byother restrictedgrants.		 33,288 54,754 45,278 0 42,764
Malawi project (Koji) R To provide 120 computers to 6 Malawian schools, teacher
trainingand longterm maintenance		 10,394 0 10,394 0 0
Malawi project (Baillie Gifford
International Sponsorship Committee)		 R Project DigiLearn to provide 460 computers to 26 Malawian
schools to beneft 9,000 students and support teacher training		 11,273 30,000 41,273 0 0
Malawi project (including all restricted
funds <£10,000)		 R To cover costs of our projects in Malawi including general
support wherever required and settingupof computer labs.		 9,000 0 9,000 0 0
IT for Schools (Malawi) R To support our latest UK-Malawi project by providing funds to
support activities necessary to the success of these projects but
not funded byother restrictedgrants.		 160,000 0 78,793 0 81,207
Kenya Project
IT for Schools (Kenya) R Three year project to install 700 computers across 35 schools
and community centres in Kenya, along with training for 70
teachers in digital pedagogy and networking to beneft 12,000
Kenyan students.		 0 85,000 0 0 85,000
Bridge the Digital Divide in UK
Bridge Digital Divide in the UK (including
all restricted funds for the distribution of
computers to schools and disadvantaged
students in the UK)		 R Support the distribution of computers to disadvantaged schools
and students in the UK		 1,156 5,300 6,456 0 0
Training Programmes
Baillie Gifford Multi Year Award R To contribute towards salary costs for one staff member to
develop and implement a training programme.		 2,406 5,000 7,406 0 0
Wesleyan Foundation R Staff costs to developand deliver training programme 10,000 0 10,000 0 0
Blackrock via Tides Foundation R IT for Employability(UK) 11,960 0 11,960 0 0

63

Accounts: Notes to the Accounts (22)

19. Details of material funds held and movements during the PREVIOUS reporting period (RESTATED) (continued)

*Key: R - restricted income funds, U - unrestricted income funds

Fund names Type
of
Fund*		 Purpose and Restrictions Fund balances
brought
forward		 Income Expenditure Transfers Fund balances
carried forward
RESTATED
Restricted (continued) £ £ £ £ £
Employability Programmes
Kickstart Scheme R The Kickstart Scheme provides funding for salary and training
costs to employers to create jobs for 16 to 24 year olds on Universal
Credit		 3,702 26,232 29,934 0 0
Long Term Unemployed Programme
(LTUP)		 R The LTUP funded by Midlothian Council have provided funding for
salary and training costs for two employees working 30 hours per
week for 6 months		 0 14,761 14,761 0 0
Job Creation Scheme (JCS) > 25's R Funding provided through the Scottish Government's No One Left
Behind Funding for two paid Work Experience Placements working
16 - 20 hours per week for 26 weeks.		 0 3,729 3,729 10 0
Restricted subtotal R 253,179 194,996 239,214 10 208,971
Unrestricted
General Funds U 261,411 710,058 381,568 (530,416) 59,485
Designated Funds - Schools Future
Fund		 U Fund to support long-term responsibilities for schools such which
is set at a minimum of four months’ operating costs in the UK and
six months’ operating costs in Malawi to ensure that in the event of
the need to wind down the charity, we can adequately ensure that
all PCs in our possession at that time are installed in classrooms
and that we can ensure the continuity of maintenance and IT end-
of-life recycling services to our benefciary schools. This also
includes funds for future planned projects that are set to
commencewith sufcient funding.		 0 0 0 530,406 530,406
Unrestricted subtotal U 261,411 710,058 381,568 (10) 589,891
Total Funds 514,590 905,054 620,782 0 798,862

64

Accounts: Notes to the Accounts (23)

20. Transfers between funds (Current year 2023)

Reason for Transfer Amount
£
Current
year		 No transfers for
current year		 0
Previous
year		 From unrestricted
to restricted funds		 To cover a small defcit incurred on the JCS project 10

Transfers between funds (Previous year 2022)

Reason for Transfer Amount
£
Current
year		 From unrestricted
to restricted funds		 To cover a small defcit incurred on the JCS project 10
Previous
year		 From restricted to
unrestricted funds		 To accommodate an internal transfer from GBP to MWK as
unrestricted funds that are generated in Malawi were spent
directly in MWK. This is done as the most efcient means to
meet our expenditure whilst minimising foreign exchange fees.
In 2023 this sum was spent in Malawi in MWK for restricted
funds of the Malawi project (Big Give) fund. Therefore, as these
funds are otherwise unrestricted income, but have been spent
on a restricted expense this internal transfer restores the
balance between our restricted and unrestricted funds.		 33,346
Previous
year		 From unrestricted
to restricted funds		 This restricted fund has been set up at the end of 2021 to
support our latest UK-Malawi project by providing funds to
support activities necessary to the success of these projects
but not funded by other restricted grants.		 160,000

65

Accounts: Notes to the Accounts (24)

21. Analysis of net assets between funds

Fund balances at 31 December 2023 Unrestricted Funds Restricted Funds TOTAL
Represented by £ £ £
Fixed assets 371,708 0 371,708
Net current assets 550,147 194,288 744,435
Long term liabilities (99,672) 0 (99,672)
Total charity funds 822,183 194,288 1,016,471
Fund balances at 31 December 2022
(RESTATED)		 Unrestricted Funds Restricted Funds TOTAL RESTATED
Represented by £ £ £
Fixed assets 6,845 0 6,845
Net current assets 627,454 208,971 836,425
Long term liabilities (44,408) 0 (44,408)
Total charity funds 589,891 208,971 798,862

66

Accounts: Notes to the Accounts (25)

22. Prior Year Adjustment

Since the publication of the 2022 financial statements, the trustees have reviewed and revised the policy for the recognition of stock in the financial statements (see note 1q). The 2022 figures have been restated to be comparable to figures included in the 2023 accounts under the revised policy. The impacts in the 2022 financial statements are noted below:

Since the publication of the 2022 fnancial statements, the trustees have reviewed and revised the policy for
the recognition of stock in the fnancial statements (see note 1q). The 2022 fgures have been restated to be
comparable to fgures included in the 2023 accounts under the revised policy. The impacts in the 2022 fnancial
statements are noted below:		 Since the publication of the 2022 fnancial statements, the trustees have reviewed and revised the policy for
the recognition of stock in the fnancial statements (see note 1q). The 2022 fgures have been restated to be
comparable to fgures included in the 2023 accounts under the revised policy. The impacts in the 2022 fnancial
statements are noted below:		 Since the publication of the 2022 fnancial statements, the trustees have reviewed and revised the policy for
the recognition of stock in the fnancial statements (see note 1q). The 2022 fgures have been restated to be
comparable to fgures included in the 2023 accounts under the revised policy. The impacts in the 2022 fnancial
statements are noted below:		 Since the publication of the 2022 fnancial statements, the trustees have reviewed and revised the policy for
the recognition of stock in the fnancial statements (see note 1q). The 2022 fgures have been restated to be
comparable to fgures included in the 2023 accounts under the revised policy. The impacts in the 2022 fnancial
statements are noted below:		 Since the publication of the 2022 fnancial statements, the trustees have reviewed and revised the policy for
the recognition of stock in the fnancial statements (see note 1q). The 2022 fgures have been restated to be
comparable to fgures included in the 2023 accounts under the revised policy. The impacts in the 2022 fnancial
statements are noted below:		 Since the publication of the 2022 fnancial statements, the trustees have reviewed and revised the policy for
the recognition of stock in the fnancial statements (see note 1q). The 2022 fgures have been restated to be
comparable to fgures included in the 2023 accounts under the revised policy. The impacts in the 2022 fnancial
statements are noted below:
Changes between original and restated fgures for 2022
Original Restated Change
£ £ £
Income & Expenditure Account
Income
Donations & legacies: Donated goods 131,650 31,689 (99,961)
TOTAL Income 1,005,015 905,054 (99,961)
Expenditure
Costs incurred in the sale of donated goods 201,178 182,038 19,140
Donated goods distributed 75,310 116,753 (41,443)
Obsolete stock that was recycled during the
year written off		 12,670 0 12,670
TOTAL Expenditure 611,149 620,782 9,633
Net income/(expenditure) and net movement
in funds for the year		 393,866 284,272 (109,594)
Total funds carried forward 908,456 798,862 (109,594)
Balance Sheet
Stock 119,390 9,796 (109,594)
Funds - Designated funds 640,000 530,406 (109,594)
TOTAL charity funds 908,456 798,862 (109,594)

67

Accounts: Notes to the Accounts (26)

22. Prior Year Adjustment (continued)

Since the publication of the 2022 financial statements, the trustees have reviewed and revised the policy for the recognition of stock in the financial statements (see note 1q). The 2022 figures have been restated to be comparable to figures included in the 2023 accounts under the revised policy. The impacts in the 2022 financial statements are noted below:

Since the publication of the 2022 fnancial statements, the trustees have reviewed and revised the policy for
the recognition of stock in the fnancial statements (see note 1q). The 2022 fgures have been restated to be
comparable to fgures included in the 2023 accounts under the revised policy. The impacts in the 2022 fnancial
statements are noted below:		 Since the publication of the 2022 fnancial statements, the trustees have reviewed and revised the policy for
the recognition of stock in the fnancial statements (see note 1q). The 2022 fgures have been restated to be
comparable to fgures included in the 2023 accounts under the revised policy. The impacts in the 2022 fnancial
statements are noted below:		 Since the publication of the 2022 fnancial statements, the trustees have reviewed and revised the policy for
the recognition of stock in the fnancial statements (see note 1q). The 2022 fgures have been restated to be
comparable to fgures included in the 2023 accounts under the revised policy. The impacts in the 2022 fnancial
statements are noted below:		 Since the publication of the 2022 fnancial statements, the trustees have reviewed and revised the policy for
the recognition of stock in the fnancial statements (see note 1q). The 2022 fgures have been restated to be
comparable to fgures included in the 2023 accounts under the revised policy. The impacts in the 2022 fnancial
statements are noted below:		 Since the publication of the 2022 fnancial statements, the trustees have reviewed and revised the policy for
the recognition of stock in the fnancial statements (see note 1q). The 2022 fgures have been restated to be
comparable to fgures included in the 2023 accounts under the revised policy. The impacts in the 2022 fnancial
statements are noted below:		 Since the publication of the 2022 fnancial statements, the trustees have reviewed and revised the policy for
the recognition of stock in the fnancial statements (see note 1q). The 2022 fgures have been restated to be
comparable to fgures included in the 2023 accounts under the revised policy. The impacts in the 2022 fnancial
statements are noted below:
Changes between original and restated fgures for 2022 (continued)
Original Restated Change
£ £ £
Statement of cashfows
Reconciliation of net income / expenditure to
net cash fow from operating activities
Net income / expenditure (as per Statement
of Financial Activites) Includes interest		 393,866 284,272 (109,594)
Decrease (increase in stock) (49,019) 60,575 109,594

23. Events after the end of the reporting period

There are no events to report.

68