REGISTERED COMPANY NUMBER: 09544506 (England and Wales) REGISTERED CHARITY NUMBEIL. 1161998 REpoiYf OF TRUSTEES AND FINANCIAL STATE1Ts FOR THE YEAR ENDED 31 MARCH 2022 FOR CEPffliE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY Grbson blthitter Limited Statutory Audrtors Larch House Pathlands Business Park 'ABEPKD8P• 15110r2022 COMPANIES HOUSE Hampshire P07 6XP A04
CEi¥fRE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY CONTEKfs OF THE FINANCIAL STATEMEPITS FOR THE YEAR ENDED 31 MARCH 2022 Report ofth• Trle•S 1 to 8 Report of thfr hMlewKlent Auditors 9 to 11 12 Balance Sheet 13 14 15 Notes to the Financial Statements 16 to 28
CENTRE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY REPORT OF THE TRUSTEES FOR ThE YEAR ENDED 31 MARCH 2022 The trustees who are also dir of (arity for ts wryxJses of the Companies Acl 2006. present the report wrth trE ffinanryal ststeffnts of tr charity for the year ended 31 Mah 2022. The Iruslees have adopted the provisions of Accounting and ReF4yb'ng ty Chantss." Statement of Recommended Practi applicable to charities preparing their accounts in aordanCe with the FinarKial ReForb'ng Stsndard applir2ble in the UK and Rewblic of Irdand (FRS 1021 lefkctye 1 JarMJary 2019). OBJECTIVES AND ACTMTIES Introdu¢tN)n CAST seeks lo address the ur9< need for UICS S{la1 seclor to ffoke use of duital thn0)gY in der lo become rr resilient and resrmjnyve. 0peratr.ng wrthout the support of this rmst F4)werful tool makes social organisations less effic( levant and sustainable. In contrast. charitses that ernbra digital, dats and dewgn reswnd more effectNety to th'T use. needs and behav). and are rnuth more resi1nI to volth"lity. The thallenge is to aCrate the use of dKJrlal by ctsrities of all soes lo transforn their servKes, Strategy and governance. and the Wdy in which they sefve and support their communits$. This has been CASTS fr)cus and Sin our laurKh in 2015. We work with ChareS and CIV organLsakns hety'rwj to maximi%e the value tw create . becx)ming more responsive to the changing needs, behav#Jurs and exFctsns of their Comrnth"e$,. m te4rNen in the way in whth they balance the value created for individuals, ¢CArrnnty and environmertt and emt)edding these digital princAples into their (Ygantsabonal strabjy. culture and services. CAST al $UPPDrts trusts and foundations to improve how they assess. sekct and supwrt charitable digital projects and programffs. By building their dlIa1 capaaty. CAST helps social sector lygantsatS to bects better equipped to thrive in Ihe tra of scoal, ecorKmi¢ aThJ thr))51¢8l cknNJ&. CAST has tsken a neothed approath from the outseL vn)th"ThJ Ck)Se ¥th tNsts and foundations, training and advisory trM)dies, and dwn aThJ deyebpftI 4encw. to Rdrally improve the qualty, range and uptske of thanty digital tools, trainirvJ. fUndIr and adve. Vle openty Sha what we are leaming.. and build on the Work of others through our strong cxmmirtment to shariThJ and reusing reSoUrS which redu9 the costs. while inwwng the e and scal8- of change. As the sector recJ)vets and rebuikjs from the COVID-19 p3r#JenThc. tt i% clear that the effethe and appropriate use of digital renBins uibcal to ensuring civil SIety organisati$ can o)ntinue to support indivKluals aTrJ a)mmunilEs to thrive. How CAST ¢ontributss to the wbli¢ bonefft CAST seeks lo ad¢Jress our sttievs rrrt wessing ¢halW Ihrough the effecve use of digitsl, data 'and design. work wth other CIV scoety organisattons to help them to embed digilal and design across their services. strategy and governan, and WOTkn"ng wilh sector and fiJnder5 to make thi5 hapFen. Mhether digitsl or phyxal, our M)rbJ 15 tetter wtten the voKe and influeno of CNI sw is stronger and louder. For Ihis reason, CAST to bring atLiut a VLwJn of an empKMpred, vc¢al and inlluential CN society. resiltent arKI resFk)nsr¥e to the changrng needs, behavUrS aThJ expectth. ns of their communities, confidenty Un9 dbjital tools to achieve individual and colkth.ve impxt The way in which ¢haiitw ¢ale Wb1 beftefft 1$ heavity on tsir access to, and use of digital t(K)Is and approaches. 14Mthout such access. or the support to ke best Use of digrtal, there would have been a sNJnthcanl redudion in trE pU1J of ChareS dullNJ the pandeffMc. arKI this rerroins the case during this recovery phase. In accordance with the requirents of the Charilies Act 2011 and the as%)ciated Charities (Accounts and Reportsl Regulations 2008, the trustees confirm that they have corylied with their dutie5 to have due regard lo the guidan on tenefit as wblishgj ty the Charity Commission. in exercising ttir powers and Outies in the year under review. Page 1
CEKfRE FOR THE ACCELERATION OF SOCIAL
TECHNOLOGY
REPORT OF THE TrUSTEES
FOR THE YEAR ENDED 31 MARCH 2022
ACHIEVEMENT AND PERFORMANCE
Revi¢w of perforn)ance and achievements
Durin9 the pandemi¢, CAST reoriertaed Èls work to fr¥S wholty on tevrn. InNliate SUPF)rt to the
sector. We stsrted this finanaal year wilh the cmdusion of a £5m prograffTr in partriet5hip w4th The
National Lottery Communty Fund that supported trK)usaThJs of d)aritss to supporL funding. tooL% and
resoufces - all to help them besl use dNJitsl, data and desyn to resp)nd to the needs of Iheir communities.
This wo. designed and delivered with rtnerS from acn)ss Ihe Catstyst netsvoth {wvrtv.therataJyst.or9.uk).
created a new Infrastructu of supwrt for charits: shared tls. forurrts. seNiS and resrceS that are
accessible to charittes as they resFond to their ChgIJ envInment More (let•"Is of this wo9ramn can be
found.. https.Iltrnyurf.corrKOVodDTrtaIReSPLMIseFUnd
The developftnt of the Calatyst netsrk has been suth that this year V have been able to focus on
expknro and understanding what is needed to Intn and further develop Calatyst to ensure it its
objectives. Iplth signfficant SUFP)rt from the Founding FuThJets. we have teen able lo crUIt a small team of
Prod[rS who are leaying a reviv4V of how Catstyst can best thrive - doing so by testiThJ out a variety of
methods and n7Jdeb enatjje a ¢dleciive approach - and tt41ecttve ownership of Catatyst. This wtyk
has seen the tt)ntinuatson of InclbIe supp)rt offer5 such as D¥Jrtal Candle.. providing free digrtal adv¢ce for
charities: Desun Hop5.. intJCtOry 5uppt to userontsj dbgrtal dwgn approaches,. service recipes..
library of practical wpes for charities lo impknEnt quick d¢gital solutions.. as well as supwrt for vital
initiatsves such as the Charity Doital Skn"Il$ SuNey. It has abo seen the devebpment of new forums for
O
CEPmlE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 IIARCH 2022 FINANCIAL REVIEW Flftanclal positlon Results for the year We a pleased to RKA)rt that CAST successfvlty CThTWeted the deltvery of the emergency programme funded by The National Lottery Community Furbj for provJiry grants and digrtal 5UPPOrt SeN1 to non-profits during 2021r22. Ira11 tundrng UCed frryn Ihe unusually hwh 202tY21 ve1 as this programn came to an en¢Y. but with new sources of fvnding sttured lo safeguard CASTS transition to ts post£ovid deven[ IndJing the orwfvj devdopwent ofthe Catalyst pnJgramn. Total income for the year was £1.4m. exFenditwe £2.1m. tncludiTrJ TNLCF expenditwe againsi rnney reVed during 2020r21. Reserves ol just under £7(Klk al 31 March 2022 represent a very healthy basis ¢onlinuing de¥doprrentarKI ddivery dw¥ig 2022r23 and beyond. Income Total inconE of £1.43m is 8% ab ThTrTNLCF inc0e for 2020r21, and 15% belcm 2019r20 incom. As the lats was intsted by fvnding re¢eNed in adv8ft. tyffiII this represents a strong position espeaal at a tran%bonal wint following ofa nw)r prqect As well as the final tranthe of errwgen¢y grant fvndirKJ of £1LKik 1ved from The N8nal Lottery Community Fund, we received other grants Ihe Esmee Faithim Foundab'on 1£275kl, Fidelty 1£240kl. Paul Hamlyn 1£220kl, Cty 8ndge Trust 1£150kl, and smal grants totslling £20K as well as a donation of £200k from Dd(¥tte. also eamed £227k unreS1nd sere delivery fee incory lup 3% crfb the yeaT tefofel. Expendir• The charity's Priffry expendituTe continues to be incurred on supporting ¢haritÈs and sla1 enterprises to improve their services with drtaI tethnob)gy. ExpEndtiure on digital eapxity devek)pment was £2.12m as well as £19k of raiwng funds during Ihe year- whiL8t a wedu(kn from the prior year. still above previous leve15 of expenditure, due to the effwgency fundff provwjed by TNLCF fc celeratsng this supKM)rt during the pandern. Of this expendrture. £5S7k was paKI out as direct grants. and £739k SFent on sulFcontracted digital support provided by extemal pathers. In addit•)n to the digital cap• development costs we Inrred £349k ¢)n SUFWrt cxjsts, £6k on govern £19k on fund4ai&ng. R88•rves pollcy To ensure adequate resources during this Fenc¥J of develcyment and transstKin. we enage our free reseNes so that they represent from six to ts¥ee Th¥Jnths' operabng expenditure. Vrfrth (x)nlinuing strong unrestricted fee income during the year our free Unrestri seThe5 increased from £330k to £688k (this fu o)mprising unre*rthd reseples of £689k less £1k fixed asset net tk Val). th our current cferah.ng costs running * £72k Fer rmnth. Ihk% free reserves t>mr for just under 9 months. operating costs. which is Vlithin our larget range. Our restri reseryes c4)ntain fijnding provbjgj ltrrdS the defvery of sIfiC programrrts of vth, and will be spent over the year.
CEP4TRE FOR THE ACCELERATION OF SOCIAL TECHNoL(y REPORT OF THE TrUSTEES FOR THE YEAR ENDED 31 MARCH 2022 FUTURE OBJECTIVES AND PLANNED ACTMTIES This development of Catstyst and the explorabon of sharmg trer1p other %gnrftsnt ntribU10 has Yreant that CAST ha5 teen able to reviv•V its strategt priontses headirwJ into the new financ4al year. Our first wiority MaInS to create the best ennment and suPrt for Catsw to thrive.. ¢xJntributtng spaces, roles and re9Jurces. IAÈ wll cthb.nue to SUPF4xi and contn'bLrte to the aiTns of Clyst, ¢reakn"ng the condition5 arKI supwrt f its Sucss. As part of this. we are woth.ng to revw how Catatysl can best be organised and through the CIng finanoal year, 11 Njenlfy the best operating rrK)del to increase reach aThJ imF&X of Catatyst Our seeond prionty is to focus frjrther on building the dwilal capabilts.es of the sector - aligned with and in additi'on to the work of CataPysL Our missK)n to ensure every cNil 5ciety ¢ygani5ati"on 15 SUPPJrted lo develop their digitsl capability and where every person tying to supwrt their charty to develop dwJilal practices has supporL VIÈ'll continue to develop the DKJital Leads Net4¥0rt" conts.nue to work with partners such as Deloitte Sooal Business Team and cnntinue io lest and deveh)p ways of suptxyt at sector scale. Our third pnonty is to conttnue with a colWion of exFeriments into sharej technical infrastructuie that can wc¥k across the sectr. working trNRrts statle, sttknr-(Mned txr¥Juth, seNices and processes that support cNil $ety organtsattons to ee$S and use ethaL digital t(h)Is. We'll c(mtsnue to champKm reuse and open IP.. wntinue to develop evhaenced approaches to enablwKJ rel and w(xk with pathers to grow Chantyed te¢hnolcgies that can tyeate snITnt social ir Our fml pnority in Ihe new finan(yal year is to inibak and Inbate inib'atives and activities that can suppcfft the ry¥Jst effective LAses of dNJitl to address scaal challenges - working to SVPFOrt other parts of cNil society to develop their digital capabilities and provtyjing a SUPFX)rtNe env1ronrrt for Innovat to thrive. We'll work with significant scrial organisatons - established and new - to generate apwoaches that build from the evidence and leaming of our*YJrk to date io tiri alxxrt greater social impact. As civil society organisaknons reIld from Ihe yea. we'll conlinue to work towarts vision of an emp)wered. vocal and influential civil scw, resilient and resFonsve to the dr01r@ needs, behaviours and expectation$ of their mMUn'eS. confKlenUy usir¥J digrtal tcds to achieve individual and collective impxt. STRUCTURE. GOVERNANCE AND MANAGEMENT Goveming document The thanty is controlled by its goveming d0ment a deed of trus( and constittrtes a linited company, limited by guarantee, as defined by the Companies Ad 2C4A. The chanty's trustees are also directors and membe of the npany. Page 4
CENTRE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY REPORT OF THE TrUSTEES FOR THE YEAR ENDED 31 IA4RCH 2022 STRUCTURE. GOVERNANCE AND 14ANAGEMENT Goveman¢e CAST has apFointed twstees thal bring a strong understanding of thè tentIal of technobgy to aldress social challenges. At the end of 2020 we TgJuited new trustees to fiJrther strewhen Board. and in March 2021. one of our founding Trustees. Nat Hunter. stepped down after rKovidir4J fve years of leadership and sUPPOrt for the chanty. We are inueditjy gratefvjl for Nafs huge contrbution and also to the new Trustees for their commitsmenl to our mission and obpcbves. Tr new Trnslees were recnjrted through an open prccess supp)rted by the B£orp Sc• (hilp&l¥ xK•-search corrV> and appointments made following interviews that has ensured the rwjht fft for the organi5atb)n and prosFecb've truslee. The names of the tnJ5tees who serd durirwJ the FeTiCKI are set out as part of the referenrA and administralive detaiFs Ivrthin this annual Tep)rt and nts. and brief bwraphical delails on each of the Cunt tnjstees a gNen bebx. Lord Jim KnLqht Chaf of ts Board. Jim works in edUCan, duital technology and as a gislator. Jim is a founder of xRapid, an Al diagnostic busirtess now based in the US. He is the Chair of E-ACI Muib. Academy Trust the Digrtal Poverty Aliano and CAST. He K% a b)ard member of century-Th. MACAT Intematronal and (&)Bubble and sits on the Iwsory t£rfJ for Nord An9.a, and BETh. As a g0mment minisler and MP. Jim's pJrtfolr05 induded rurnl affairs. scl)cols. dig1121 an¢J empbynEnt He was a of Gordon Br(y4m's Cabinet. Lre )ining the Lords in 2010. Mary 15 a technobgy entrepreneur and arKJel investar. She c(pfounded the online ming company Leaming Pool in 20C6 whith she exited in 2014. She a resnt expert at Said Business SCI01 and an Entrepreneur in Residen at the Norlhem Ireland Science Park. Mary was varyled an M8E in 2014 for seNices to dNJita technow, Innovati and leaming. Deputy Chair of the Board. Emma has VK)rked in the youth 5e¢tor sin 2010, PaSsne atoui yourvJ Fe hawng a greater voice in SIety and in Ihe develotmwit of servw to their needs, b)th fxefats and through digilal. This indudes as Chief Executive of The Mix (forn as YoLthNet), one of the UK *ding supwrt $emS for Ytng Fe0 via online, SCKkg1 and moknle and as Chief of YoungMind5. the UK5 kading ¢hildren and young Feople's rrtrI health charity. since 2018. She has also SUF¢Qrted a rKJe of ycKth OrganL.ons as a cmltant on OKJitsl aJopti and Strateg development and brings vride-rangirKJ expenence across corrmerrial. third and BBC. where she byas invofvaj in deVelong new dvjrtal servKes arKI campaigns. Lara is Chf OlIa1 Offr of The S))uts, wthere she leads the digital transfonnation strategy across an organization of 165,000 volunleer5 in netsw)rk of 8.500 bcal groups. who deliver ykty Scouting to nearty haff a mill•)n ycwng Fewe to help devebp their Skills for Lrfe. She has spent 25 years deh'vering dNJrtal innovatK)n acros5 diverse sectors. In ihe kst decade Lard has driven diqrtal transformation and strategic change in the chanty sector. she vs pasSnate about using tenogIeS to increase the effectiveness ofthe charities. Kate has Wofked in UK charl5 for nearty 20 years and in 2CQ9 P)ird Teen4e Cancer TNst a01 Fundrdi%ing of whKh she became Dire(aor in 2013. Kate was then successful at achieving Chief EXtive in March 2018. Teenage Cancer Trust has led the way in the creation of world-dass Caer serv5 for young people, wovhjmg life<hanging c3re and SUFPJt Kate 15 Wing a strategy to ensure the charity can reach all yourKJ WFAe with cancer in the UK and is ensuring that young Feopie and their neets remafft al the heart of e¥ing the charity does. Mary M¢l(enna MBE Emm Thomas Lara Bums Kate ColnS
CENTRE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 STRUCTLIRe GOVERNANCE AND MANAGEMENT Gao Ines Fasso Advisor on doital nnovatim strategy, pr¢)Jry4mffs and operab.ng models. W)rkn'ng Wbth rnulb'national rnpans, sccial irryact incubators and staP$. CareefTe( founder. curator THRIVEatLeamirKJ community and contributorto Edsurge. Professor Kerensa Jennings Sweller. strategisc wrrter, digital impact SFEciali5t. Previousty Head FRSA of Strategic D1very at BBC and CEO of IDEA at the Royal Household. now BT GKMJp Director of DwJrtal Impact. A ffirn wofessKtnal. Prue ts Ihe Group Head of ReFfjrth (UK) and sits on the Managerrent Board at Gn)upM UK the wodd's leading mwest group. Prue is pass abcAJt equty in scoety and sc¢o1 bilty. She is a fftOr and also a secondary fthool Governor. Chief of Staff, Gk)bal Managed servi @EY. Organis8tK)nal change. IM"neSS operations and HR expertise. PassTh atM)ul dIVeity and indusK)n.. Prue Quarcc Pema Radha The truste8s are rmtmitted to ensuriThJ that the 8oard has the comtsnation of skils ner55ary to 5UPPOrt the effective provision of asS to CA1 to charities and soDal enterprises. In partujlar. the Board of Trustees indudes skn'lls and experb.se in the fdlowing a$." dlts1 and Sla1 innovation. charity and 50ck41 enterprise, gran14rtaking and social InvestrTnt. financ4al and iisk management. The Board has adopted the Charity Ri$k management The trustees have a duty to identsfy and reKw the nsks to whth the thanty expjsed aryj to ensure appropriate controls are in pla to provhle rea)nable assurance against fraud and error. The Board of Trustees Systematicaty r&ks fxed ty the Clwrity. revkwng the detsited risk wisier on a quarterty basjs. The key risks to the Charity S. Extsmal conditb)ns (pandemic, cost of living CEiSiS etc} has an impact on team abAty to workjdeliver. This is teing MJaled as stsff are set up to work from home and opernte IlexitAy around childcare. CAST was e to oper effectNely through the Fffe¥S lockdown and since then have invested in hOmn1j Infrastructu to SUPFOrt slaff. Insuffiaent staff calty to deliver of eftect'vely. Health and carbng responsikn"litses redu team ¢apae4ty. This ts mits'gated through we HRIFinanc@Ops meetings to rewew stalus of woik. Duties alkcaled acr team apwopriate to their capacity. Reemitment of projects manager lo sUprt this work Failure to deliver the interKled ¢YJiojn and en¥e lastiThJ charMJe in the ¢hanty sector. This has been mgated by thorough research and engagerrent wth a laryje number of Charit$ and sector organisations. Wh have partupated in the development of the twls and resources that supwrt and enable VCSOS to embr dwJi1 development wthin their activitie& Failure to secure bng-tefm fijnding to deliver CASTS mission of sector change. This is teing mibgat&l by the ftintenance of a system of financial control which is enabling the charity to grow ts nsted reserves and ach¥e value for fTK)ney ross rts activths alotvjside the eypl0ratm of new tyFes of patherships and fiJnding fof CAST. Wellbeing, hypeTprodu¢bwty and bumout - work pattems and workn.ng from honk contribuie to bumouulower wetlbeing of team. This L5 ThbgatoJ by a HR and wellbeing functfrjn in place to better assess where staff are at etnotionalty. Strong pKoiect managemenl and ways of working in place lo ensure effia.ency and s Jmin heavy work. Failure to tsIn key staff. This is being rrItated by the recruitrnent of a Strong and experiens%d team who share CASTS aims and values. ¢1)MunIc effeth'vely with eath olher and the wider netwofk. and are SUPFJted by a w*Je range ofspeaa1I partnets. Reputstional damage caused by any of Ihe above. This ts rngated by close oversight ty an eXrienced tK>ard of trustees that ensures the charity contin$ to develcfj.. work effectiNely th its partrer5 and fUrKle and Mntsin$ strong and kn)nal controls.
CENTrE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY REPORT OF ThE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 095445C6 (England and Wales) Reglsteved Ch•rity numbèr 1161998 Re9i8tered offi¢e Broul Cottage 8ath Road Nai15wcxth Stroud Glou¢esletshi GL6 OQL Lord Jim Knighl Emma Thomas Mary McKenna Kathryn Collins Gaia-lnes Fasso Kerensa Jennings Quarcoo Pema Radha Lara Bums (appointed 25 November 20201 laFwinled 25 November 2020) lapwlnted 25 November 2020) (appcmnted 1 March 2021) (apptynted 25 Noverter 2020) (appointed 25 Novents 20201 Audito Gibson ltter Limited ststutory Audrtors Larch House Parklands BUST Park Denmead Hampshire P07 6XP Bankern Unity Trust Bank London VL18 3LN STATEMENT OF TRUSTEES. RESPONSIBILMES The Iruslees Iwho are also the directors of Centre for the Aele(. n of Soual Technokgy for the purpryses of wmpany law) are resFonsible for Preparv the ReFNI of Ihe Trustees and the finanaal slatement5 in a¢¢cdanCe with applicable Law and Unl1 ngdoM k¢ounlw StarKlartls (Uniled Kingdom Generalty Accepted A(o)unting Pracaicel. Company law requires Ihe trustees to pp financial ststeffnts for ea¢h financial year which give a true and fair view of the state of affai of the charitable company and of the incoming resour$ and application of resources. indudtng incxjme and expendrture. of ts chafrFa wnpany for that peri¢Jl. In preparry those financial statements. the Iruslees are required to select surtable act(Junting pOIJeS aThJ It appty trm o)rtsi*nty". observe the methods and princieS in the Charity SORP" make judgements and estimates that are reasonabte and prudent epaie the finanaal Statents on the going lncern basis un5 il s inapprowHte to presume that the charrtaue company v4ill continue in tness. Page7 .
CENTRE FOR ThE ACCELERATK)N OF SOCIAL TECHNOLOGY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 STATEMENf OF TRUSTEES. RESPONS181UTIES- conlinl The Iruslees are resFonsible for keeng proper rnnting records difdose with rea5ae accuracy at any liftE the financk41 wsibon of the charrtable o)mpany arKI to enable them to ensu that the financial statements comply wrth the Companies Act 20C6. Tlw are also reSkx)nsib fof safeguarding the assets of the chantable company and tten for laking reasonable steps for the WeVen and detect#>n of fraud and other irrogulanties. In so far as the trustees are aw¥e.' there is no retevant audit Infor. ofwhith the chaiitable company's aYorS are unaware.. and the trnstees have tsken all steps that they ought to have tsken to make ther aware of any relevant audit infonnat#)n and to estsblish that the auditots are awdre of that infomwbon. AuorroRS The Trustee Directors have tts dery.$ to go oul to termler for ts 2022 audit ! * 'X sgned its behalf ty.. Approved by orderofthe LY)ard oftrustees c... . ....... .... . . . . . njstee
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF CENTRE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY Oplnlon We have audited the ffnancid stateffents ot Centre for the tration of knial TechnogY (the 'tharitab company'l for the year ended 31 Marth 21Y22 whKh ¢omprEe the Statement of Financial Activities. the Balance Sheet. the Cash Flow Statement and teS to the financial ststements. includin9 a summary of signifieant accounting Foliaes. The finanoal pOrtIng framework blat has been applied in their preparab.on 15 applicable L4w Uniw lfj'TYJdom StsrKlard$ (Uniled Genety ACpIed A¢4)unting Practice). In our opin#Jn the final Stater. give a true and fair of the state of the ¢hitable ccffipany's affairs as at 31 March 2022 and of rts incnTh4ng resrceS and applicatson of resoufW. udIng its and exFendrture, ts th8 year then ended", have been kyoperty prepared in acccrtance wrth United lfjngjcm Generalty hpted Accounting PractKe', and . have been prepared in aOrd with the rwUirerts of the Corryanies A¢1 20(K. Ba818 lor oplnion We condLSCted our audit in aCcordar with Intern1 Standards on Audibng (UK) IISAS IUKII and applicable law. Our respJnsrly"lrtw under ttKJse standards are furtlw described in the Audilijrs. resp)nsibilits for audit of the financyal sla1effnts SeCn of our rerL We are independent of the charitable cornpany in accordan with the ethical requirerrnts that are relevant to our audrt of the financial slaterrnts in the UK. induding ts FRC'S Ethul Standa, and we have fuffillèj our other elhical respon¥bililies in accordance with these requirements. bekneve thai the autht evidence we have rtitsined is sufficient and appropriate to provide a basJ"s ts our ConGIuslons rnlating to going concern In audrting the financ4al statennts. we haNE ¢onduded that ts trustees use of tre going concem basis of accounb.ng in the preparation of the financaal stalewnts is approwate. Based on the work have rfOrnl. have not klentified any material uncertainties Trlab'ng to events or condittons thaL indwidualty or ¢oile¢bvely. cast synffKant doubt on the chantsble company's abllity to contr'nue as a going canM for a FetDJ of ai least e nths from vthen the finanryal stslements are authoris&J for issue. Our resrxjnsltslitS and the reSEibIlIS of the Intstees with resixt lo gorrfj (x)ncem are dex11 in the levant SecthS of tINs fepyt Other Infomiation The trustees a respon$ibk for the other infonnatrjn. The Ottrr infomiat)n Comprises the information induded in Ihe Annual Rewrt. other than the financial stateffthts arKI our Report of ts Independent Audito trreOn. Our opinion on the finanaal slatements does not cover the other informatM)n and. except to the extent othemse 811¢1 stated in our reFrt we do not exwess Y fDrm of assurance Ite0ft. In conneclw with our audit of the finanoal $tatenEnts, our is to read the other infomEn and, in doing so, constder whether the other infofmation 15 materialty in¢onsi5tenl wrth the financial ststements or r knowledge obtsined in the audrt ty ¢)th¥wise apats to be materialty nwsslaled. If we identsfy such material inconsistenues or apPat nHterHI mh8stalents. we are required to determine whether this gives rise to a material misslalenEnt in firwwl stents Ihenwlves. If. bawj on the WOTk we have petformed, we conclude that there is a matenal misStste of this other infDmatw)n. we are required to report that18cL have nothfftg to reptyt in ward. Opinlons on other matters prescribed by the CompaTrles Act 2006 In our opinion, based on the work undertaken in the course of the aLfflit the inf0m1atn given in the ReFQrt of the Trusts for finanoal year fc tre financaal ststen*nts are prepared is consistent with the financial S1ateryts.. and the Rep)rt of the Tnjstees has been prepared in ts)rdan vth apFIKabte legal requwements.
REpoKf OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF CENTrE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY FA•ttevs on vthich te arn requlred to veport excemknn In the light of the knowledge and UnderstIng of the chantable company and rts environment obtsined in the course of the ajrt we have not enbfied materi mLSStateThwts in the Report ofthe Trustees. have nothing to reFQrt in respect of th? folbMng nmlters Wre the Companies Act 21))6 wuires us to report lo you if. in our opnion: adeque accounting records have v¥)t tn kept or rm$ adequate for aud have rot been received from branches not visrted by ,. ty the finanaal statements are not in reernit wh the acLwnting reLayds arnj turns. or C1 disdosure5 oftrustees. remunefali(M 5pgified by are not m.. or we have not rwived all the informaln and expknations we require for our aud¢ or the trustees were not entjued to tske advant¥ of the smll rrnIeS exemption from the requirement to prepa a Stralegic RetNxt or in preparry the Rert of tho Tryee$ Responsibllities of trustees As explained rn0 fijlly in the Statent of Trustees, Responsit)iEities, the trustees {wI+ are also the directors of the charitable ccKnpany the purF4)ses of company lawl * respon9b ts the preparab'on of the financaal statements and for teing satisfied that they give a true and fair vw. and for such inlemal control as the trustees determine is necessary to erb the preparatK)n of firnal Statements that are free from material rntsstatemenL whether due lo frd or error. In preparing the firtan¢K41 slatern£nts. the trustees are reSp3nSib for assessin9 the charitable company's abilty to continue as a g(Mng concem, diO51ng. as applvble. mattets related to going contyn and using the going concern basis of accounting unkn the trustees ether intend to IiquKlale the charitable company ( to Cease operiLMS. or have no reakstic altemative iKrt to do so. Our rnsponslblliti•s for tho audit of th¢ finan¢i•l statements Our Obl"ve$ are to obtain reasonable assu[ae atrft whether the financial staterrnts a5 a whole are free from rrAterial misstatenEnL whether due to fraud or error, and to issue a Report of the Independent Auditors that indudes our opinion. Reasonable assuran 15 a hvjh of assurance, but 15 not a guarantee that an audrt ¢wKlucied in a¢dan with ISAS (UK) will aws detect a rroterial misstatement when it exists. MisstaterrEnts C arise from fraud or errnr and are Cons material rf. individually or in the aggregate, they eoukl reasonably te ex¥ted to wffluence the econo de0"$ of users taken on the basis of these finanaal statements. The extent to whKh our wrfedure5 a capable ofdetecling rregulaiiiE4 including fRud 15 ttailed below.. Vrfe designed audit procedures to SpOnd to the Iecojning that the risk of not detecting a matenal misstatement due to fraud higher than the of not deteth.ng TrsuJb"ng from error, as fraud may involve deliberate concealffEnt by, for exam. gery. rrWewlatm or thn)ugh cXJHuS. Procedures Kf0MMI by the au(t team induded. Discussions with managerrnit rega1j knThn SLye¢W instances of non-comp10n th laws and re9ulatK)ns', arKI Assessing joumals entries as part of our planned audit apwoad). EvauatK)n of rr0na9ennt incenb.ves and OPFrfJtuntss for fraudulent manipulal)n of Ihe finanoal ststemenis induding management overrKJe. n$ering that tt nPaI nsk were related to the posts.ng of inappropnate Joumal entrts to imwove the regjlt for the y. There We inherent h'milaticffj in the audit procalures desu>ed above and the further removed non<4Jmpllan with L8ws and TeguktKsns is from ts events arKI trJn5acb"on$ reflecte(l in the financial stslements, the less likety we would trecome avRfe of As in all of our audits we also addressed the risk of management ovenide of internal controls, indudiTr3 testing ioumals and evaluating whether there was evti*rKe of bias by the trLffjtees that reprwted a risk ofmaterial mtsststement due to fraud. A fijrther description of our reSponskn"les for the audil of the financial ststements is Icts1 on the Financral Rewrts'ng Council's website * whw.frc.otg.ukJarte$wnslbItieS. Thts descrtpt¥)n lo$ part of our ReFQrt ef the Independent Auditors. Page 10
REpoKf OF THE INDEPENDENT AUDITORS TO THE FAEMBERS OF CEKfRE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY Use of our report Thi$ pOrt is made solety to chantable company's as a t¥)dy. in acctydance with Chapter 3 of Part 16 of the Companies Act 2c. Our audit work has been undertaken so that we might Stsle to the charitable o)mpary's ffEmters those we a requir lo stste to them in an auditors, report and for no other purpose. To the fvllest exient peftxrtted by l&v. vft do rv)t pt or assun reswnsib'lty to anyone other than the Charitable Company and the chartsbte company's nmber5 a$ a body, for our audit worl for this report or for the opinK)ns we have forme Gavin Vthttter FCA {Seni¢y Statutory Audrtorl for and on behalf of Gibson Limited Statsjtory Auditors Larch House Parklands Business Park Denmead Hampshi P07 6XP Page11
CENTRE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY STATEME1 OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 MARCH 2022 31.3.22 Total funds 31.3.21 Total fvnds funds fvnds INCOIAE AND ENDOWMEtrifs FROM tknnations ansj legx 2.0[KI 200,000 Charitable a¢tlvllle8 Digrtal Capaty devetyn*nt 502.195 730.0 1.232.195 6.268,164 Totrl 502.195 930.fA)O 1,432,195 6.268.164 EXPENDITURE ON Raising funds 19.350 19.350 29.019 Charitable aclivities Digital capacity developnEnt 127,346 1.994.179 2.121.525 5.765,891 Total 146.6 1.994.179 2.140.875 5.794.910 NET INCOMEXpENDlTuREl 355.499 (1,064,179> (708,6801 473,254 RECONCILIATION OF FUNDS Totsl funds brought foThArd 333.194 1.LW,679 1.402,873 929,619 TOTAL FUNDS CARRIED FORWARD 688.693 694,193 1.402.873 The notes fovrn part ot Itwe finanual sfateryts P•Je 12
CENTRE FOR THE ACCELERATION OF %)CL4L TECHNOLOGY BALANCE SHEET 31 MARCH 2022 31.3.22 31.3.21 FIXED ASSETS Tangl1e assets 13 1.498 3.298 CURRENT ASSErs Debtors Cash at bank 14 59,805 823,176 119,040 2,843,159 882,981 2,962,199 CREDrroRS Amounts falling due within (V year 15 {190,286) {1,562,624} CURRE ASSETS 692,695 1,399,575 TOTAL ASSETS LESS CURRENT LIABILITIES 694,193 .1,402.873 NET ASSErs 694,193 1.402.873 FUNDS Unrestricled funds Reslncted funds 17 688.693 5,500 333,194 1.(9,679 TOTAL FUNDS 694.193 1.402,873 These financial statements have téen prepargj in th the provisits applicable lo charitable companies subject to the smal companies regirrE. The financial nts were approved and authorised for issue by the &)ard of Trustees and authorised for issue on ...h.*.. ... .. .... .. .. and were s¥Jned on its behaw ty.. Lo Knight- Trus Page 13
CEPrn4E FOR THE ACCELERATION OF SOCIAL TECHNOLOGY CASH FLOW STATEMENT FOR ThE YEAR ENDED 31 MARCH 2022 31.3.22 31.3.21 Notes Cash flows from operatlng actmtles Cash genee from OperanS P,018,6491 1,618,301 Net cash {wed Inyo¥1jed by (2.018.649) 1.618,301 Cosh flows from investing a¢liv#i•s Purchase of tangible fixed assets Sale of tangible fixed assets (1,659) 325 12.799) Net cash uwj in investing aclivths (1.334) (2.799) Change in ¢ash and cash equlvalgnts In the reporting period Cash and cash equlvalents at beginning of the reporting perfod (2.019.983) 1,615,502 2.U3,159 1,227,657 Cash and ¢ash equlvalents at the end of the reporting period 3.176 2,843.159 notes form part of these financial Statents Page 14
CEPfflIE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2022 RECONCILIATION OF NEf IEXPEND[TURENCOmE TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.3.22 31.3.21 Nel (expendilurnVin¢om• for tho rewting wiod {0 per th• Statement of Financlal Activltles) Adjustments lor. Depreciion charges Loss on disposal of fixed assets Decrease in debtors {DecrEase)fincrease in Iredito (708,6801 473.254 3,053 81 59,235 (1.372.338} 237.569 901.635 N•t ca8h (used inyprovided by opvrnti {2.018.649) 1,618,301 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.21 Cash flow At31.3.22 Not ¢ash Cash at bank 2,843.159 {2.019,983) 823.176 2,843,1S9 12.019.983) 823,176 Total 2,843.159 (2.019,983) 823,176 The fomi wt of these financial stements Pag815
CEPffiiE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 ACCOUNTING POUCIES Basis of prnparing the financlal statemwbts The finanoal stements of the charitae company, which i8 a wblic benefft entsty under FRS 102, have been prepared in ac(xJrdance wlh the Charities SORP (FRS 1021 'Accounting and Reportsng by Charities.. Statement of Recommended Practio appltsbte to chanties preparin9 their accounts in rdance with the Financral Rewrb"ng Standard applKable in the UK and RepuNic of Ireland IFRS 1021 {effedwe 1 January 20191., Financial Rewrting Standard 102 The Financial Reporb"ng Standard app1ble in the UK and Republ of Ireland. and tre ConVan 2. Tr financial statents have been prepared under the histoncal C3)St conventi)n. Income Voluntsry incATh induding dona5. glts and le9S and grants that wovide cote fvnding or are of a general nature are rec£snised where there ts entrUenErt tr rlpt 55 probable and the amount be rneasud with sufficient reliabilty. Income re¢ewed under o)ntract or where entittement tr) gt kndin9 is sut4.ect to spectfic rfonnance conditions. Such inconw LS 1)nty defeff•J when.. . the donor speofies that the grant or donation must only be in fubJre acD)unting perK4Js: or the donor has imposed whith rwst be before charity has unconditional entitlement IrKome from acvths to generate fijnds. sh a5 services provide(i. and investmerrt income are recrjjnised on a re¢eTriaL b. Voluntsets and dor+ated servlces The value of Serv provided by voJnteer5 [5 not wM))ryMxed into these financBI stateMts. Vthere goods or servi5 are provtded to the charity as a donation that woukd nornally be purchased from suppliers, this contn"tyjti is induded in Ihe finanaal stateffents at an th'mate based on the valLte of the CCtributiOn to the chanty. Expenditum Expenditu is recc3nised a Iralty is wJJrred. Contra(Xual arrdngennts ¥e fted as goods or seNThs are supplied. Expenditure on rain9 furKls are those costs incurred in attrxb.ng vOntary In¢X). Charitable activitses indude expenditure to SUPFQrt ts WKler and wKxe effectrve use of technobgy to drive social charvJe. Ch¥tsb xbvitts include tx)th the direct casts and suppfyl ¢ost5 relating to these ti¥e5. SuppKrt costs Incl central fiJncbcKs and govemarKt o)sts and have been allocated to activiti'es on a basi$ ¢¢nsTrstent wilh the use ot resour5. Irrecoverdble VAT All resour exFended a cbssifd under faings Ihal aggw ai o)sts lated to the category. Irrverable VAT is charged against the category of resour expended for which it was incurred. Grants offered su"ect to Cld[l10n$ whid) have rnt teen at the year end date are noted as a cornmitrnenl but not a(£ft as e¥JIture. T•ngible fixed assets Depreoation is provided at the folkmng nY81 rntes in (*der to write off eath asset over ils estimated usefill life. Plant and machinery . 33% on cosi FixbJres and fft.ngs 20% on c051 IrKlivOual assets Ctr.ng £SOO or [Th) are Ca1ed. Page 16 cx)ntinued...
CENTrE FOR THE ACCELERATK)N OF SOCIAL TECHNOLOGY NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 IAARCH 2022 ACCOUNTING POUCIES- continued Taxatlon The chanty is exempt frcrfn oyporal tax on rts (tharitable actsvits. Fund accounting Unrestiicted funds Can be used in &Can with the Laritable obiecves at the discretion of the Restricted funds ean onty be used for reslrthj pury)oses wknin the objects of the ¢harity. Reslrictions arise when Spea by the (r or when funds are ra for partt¢uL4r reStrted purpose& Futher eXplanatK of the nalure and purpose of each fund is induded in the [te5 to the financial Stmènts. Hife purchase aml leaging ¢<rnltments Rentals pa under operating leases are charged to the Stateftknt of Finanaal ktsvrbes on a Straht line basis over the period oflhe kne. Penglon Costs and other post-retir0 ben•fits The charitable company opernts a deffined contn"butLin [On scheme. Contributions payable to the aritable coryyany's penson are tharged to the StalerrEnt of Financial Aclivities in the Feri¢)J to vthich they relate. DONATIONS AK) LEGACIES 31.3.22 31.3.21 Donations 200.000 INCOME FROta CHARITABLE ACTMTIES 31.3.22 31.3.21 Grdnts seThI incorr Dpjrtal (apaoty developnprt Durtal eapacty devdopment 1,005.000 227,195 6.047.742 220,422 1.232.195 6,268,164 Grants reved. iluded in the atrfJ¥e. we as frJWoK'. 31.3.22 31.3.21 Comic Rel- Teth for GcMthIV Think DBital The National Lottery Cc*nmunity Fund- F The National Lottery Community Fund- Beehive Comic Relf- Spark Paul Hamlyn Foundalion J(Iseph Rowntree Foundation Esmee Fairtiaim Cty Br•Jge Trust The Natsonal Lottery ConNnIty Fund- Catayst TNLCF - EDA grant TNLCF - se15 grant Comic Relief - Expk 29.260 162,381 17,877 73.OC#J 75,OCrt) 220,0ty) 10.000 275,000 150,000 2o0.0Lj 250,0th) 1,863,000 3.085.000 250,LKJO 100.000 Carried forward 755.000 6.005,518 Page 17 continued...
CENTRE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY NOTES TO THE FINANCIAL STATEMENTS- continued FOR ThE YEAR ENDED 31 paARCH 2022 INCOME FROM CHARrrABLE AcTMTS- contlnued 31.3.22 31.3.21 Brought fornvard Clothworker5 Found IVAR Cisco Lloyds Foundation Fidelity Somersei ComrNnty FouThlatK 755.tMJ) 8.005,518 5,224 7,000 20,000 10.000 240.oc 10,1 1.Ch)5.IYM) 6.047.742 RAISING FUNDS Ralsing donations and legacles 31.3.22 31.3.21 19.350 29.019 CHARrrABLE ACTIVTnES COSTS Grnnt fijnding of Dire¢A Costs (see (see no note 61 71 costs (see note 81 Tolals ital capauty development 1.209. 556.740 354,822 2,121,525 DIRECT COSTS OF CHARrrABLE ACTMTIES 31.3.22 31.3.21 445,515 739.494 611.394 2.846.329 4,287 19,606 Sutwntractors Marketing and adverlisirvj Other direct costs 24,954 1.209.983 3.481.616 GRANTS PAYABLE 31.3.22 31.3.21 DvJitsl ¢ap• developn*nt 556.740 1,757.296 Page 18 continued...
CENTrE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY NOTES TO THE FINANCIAL STATEMENTS- ¢¢>ntinu¢d FOR THE YEAR ENDED 31 IIARCH 2022 GRANTS PAYABLE - continued The total grants paid to instrtutions yearwas as follows.. 31.3.22 31.3.21 scvo Shrft Foundation NCVO Promo£ym Comic Relief- Explore TNLCF- EDA Discovery Phase1 TNLCF- EDA Development Phase 2A TNLCF- EDA Development Phase 2B TNLCF- EDA Devebpment Phase 2C TNLCF- EDA Sector Challenge TNLCF- EDA Development Phase 2D TNLCF- EOA Devek)pmenl- ConbnuatK)n TNLCF- EDA DevekJFThnt- IknEntum Digital Code Practice Ddoitte Digilal Connect 50,OCM) 48,7crf) 3,037 3,400 219.500 500,CKIO 193.820 231.586 268.955 238.298 {1,361) 3.151 {1.791 } 10,QKSO 161.833 195,510 9.398 175.000 556.740 1,757.296 Comic Reliof- Explor• 41 grantees applied and red grant for the exskne pTOgram in 2020121 and 2021r22. Folkmiirs the EDA and Definil)n stages, DeyeWnt fvnding provides more in-depth $upp)rt to build and appty the soluttrjns to realise charitses. communrties. AOsS the EDA programme were Devebpment 2A and 2B - drfferentiated by when charitres were ready for this funding and SUPFX)rL18 Grdntees V•ere supp)rted in phase 2A, 11 grantees in phase 2B and 55 grantees in 2C. Sector Cttalknges Furrtjing to tsUprt charthes to work Icgether on shad sector problems. partthlady aiming to ajdress Chal that indNidual charis cannot solve abne. but that need to be addressed by groups of chart"t workn.ng Icgether. Sector Challenges wvered four areas.. Mentsl Health and Weilbwng. Earfy Years, Sexual Abuse and DonEsiic Violence and Financial Wlellbeing. 31 grantees rece grant fiJndwwJ. w(¥k Ind EDA Clusters. continuab.on and Monntum. Charity Digital Code of Practke The Charity Digital C¢Jde of Practice is a set of pnnopks to benchffort( chaiitss, wogres5 in digtsl, Inform key deo'sions and start makiro chaNJe. in 2021r22 invow c4>delivering a series of webinat5 leaders as part of a wder prJramMe of SUPFOrt for rs. initiated as a response to the pandemic. We also explored who Th¥ght (Ywn and wointain the Code longer temi. After a series of discussions wrth YafiOUS Inte$ted parties. Charty &'grtal tecawe the main grant holder and will o)ntinue to work on the n4ain goals of suslainability and scaliThJ the adoption of the CcJe acTOSS the sector. Rem&ning funds were th10 transferred as a grnnt to Charity Dwital. Deloitte Di9hal Connect This prD3ramme was a rw paththip with Drtte UK T¢)3ether we supported 35 chanty digital lewts to leam and gr¢ through a MUfryMed SUPFDrt offer. This offer helped them leam and apply new and to th'r dda pyojxts." MentorirvJ and troutleshootru on their na] Pro DeSNergJ by 35 Dete UK volunteer digitsl experts. Group training sesgons: 19 wryksw dvjital design vac$ delNwed ty Deiortte UK and CASTS exFerts and partners. This induded a 6-week digital stsalegy 1x)ue provijed by Dot Proiert Sessions averaged 13 partKipants Supp)rt calls to every pathpart 2-3 each from CAST f*'litators Page 19 continued...
CEPITRE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY NOTES TO THE FINANCIAL STATEMENTS. continued FOR THE YEAR ENDED 31 MARCH 2022 GRANTS PAYABLE -continued Peer SUPFQrt sessions". 3 rourKts to ¢>Jh(Ats of 6-9 partlp8nts. DelNered ty CAST dcilitators. Self-serve SUPFrt 350 be¥th dwilal reswrces shared wilh dwjrtal leads SUPPORT COSTS Goveman Manageff*nt Totals 348.824 354,822 Support Costs, included in the atVe. are as follThbs" Management 31.3.22 DBitsl capacity develq)menl 31.3.21 Total Vlages Socral security Pengons Rent Telephone Poslage and stator Sundnes Equipment repaiTs and fyiewal$ SofNvare and linCe expenses Administrab"on 5eM¢es Bank charges Trainirrfj Professona fees Bookkeep¥rvJ and p3yrDII fees Recrurtment costs Depreaation of and hentsge 262,624 42,843 20,936 7.488 462 312,271 25.855 59,926 47.962 673 S1 3.203 20.632 2,498 452 659 2.628 428 40 1,757 2.731 14,497 3,053 81 Loss on sale oftangibk fixed assets 348.824 495,306 31.3.22 Oigrtal capacity Totsl development activities 31.3.21 Auditors, remuneratK>n Trustee frEetY and exSeS Legal fees Recruitment C4)sts 5.760 225 13 6.180 79 25,414 5.998 31.673 continued...
CEpifRE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2022 NET INCOMEI(EXPENDmiRE) Nel incomellexnditU) is stabj aller chargiiVlc¥gJiting): 31.3.22 31.3.21 Auditors. remuneratK)n Oepreaation- owned assets Other operats'ng SeS Deficrt on disposal of fixed assets 5.760 3,053 7.488 81 6,180 5,843 47.962 10. TrUSTEES' REMUNERATKJN AND BENEFrr8 During the year no trLtstees red reWrf8n from the cthari1ab cThipany131.3.21.. £nill. During the year tnjstee (31.3.21.' Intstee) wa5 exwses by ts charity frjr travel totslling £nil {31.3.21= £2151. 11. STAFF COSTS 31.3.22 31.3.21 Wages and salar$ Soc4'al secunty ct6ts Other pen&on c¥sts 642,299 66,217 82,752 832.494 80.882 125.089 791.268 1.038.465 The average rrb)nthty nwnber oferTyh)w rirj the yearvrds as forrows.. 31.3.22 10 31.3.21 13 Charitable Support 13 17 number of emF4oyees vhw emthee (exduding empw co51s) exceeded £60.0(K¢ was. 31.3.22 31.3.21 £60,001 . £70,1 E80,001- £90,CQO £90,(rfJ1- £100.(KxI Page 21
CENTRE FOR THE ACCELERATION OF SOCIAL . TECHNOLOGY NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR ThE YEAR ENDED 31 MARCH 2022 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMnES Total fvnds funds fvnds INCOME AND ENDOWMENTS FROM Charftable activities Digitsl capaoty devebpment 220,422 6,047,742 6,268,164 EXPENDITURE ON Raising funds 29.019 29,019 Charftable activltles Dtgital cap• developnnt 54S.159 5.220,732 5.765.891 Total 574.178 5,220.732 5.794.910 T INCOIIJEIIEXPENtMTURE> (353.7561 827,010 473,254 RECONCILIATION OF FUNDS Total funds brought fward 686.950 242.669 929.619 TOTAL FUNDS CARRIED FORWARD 333.194 1.069,679 1,402.873 13. TANGIBLE FIXED ASSETS Fixtu5 and fitb'ngs Plant and Totsls COST At 1 Apnl 2021 Additions Disposals 10.672 1.659 11.217) 3.739 14.411 1,659 14.956) {3,7391 At 31 March 2022 11,114 11.114 DEPRECIATION At 1 Apnl 2021 Charge for year Eliminated on disposal 7.374 3.053 (811) 3.739 11,113 3.053 {4.550) (3,739) At 31 March 2022 9.616 9.616 NET 800K VALUE At 31 Mar¢h 2022 1.498 1.498 At 31 March 2021 3,298 3.298 continued...
CENTre FOR THE ACCELERATK)N OF SOCIAL TECHNOLOGY NOTES TO THE FINANCIAL STATEMENTS- continued. FOR THE YEAR ENDED 31 MARCH 2022 14. DEBTORS: AMOUNTS FALUNG DUE wrrHIN ONE YEAR 31.3.22 31.3.21 Trade debtors Other debtors 10.2QJ 49,605 54,993 64.047 59.805 119,040 16. CREDtfoRS: AMOUNTS FALUNG DUE VrnIIN ONE YEAR 31.3.22 31.3.21 Tr* tyedilors Social serity and other taxes VAT Other credito Deferred grw)ts 54.881 18,713 10.065 106,627 427,944 29,590 2,532 1.089.315 13,243 190.286 1,562.624 Deferr•d incom• Deferred income lSeS grant receNed for ftrture fffa1 per¥xls. 31.3.22 31.3.21 Balance brought forwar(I mount release to incoming resow Arnount deferred in the year 13.243 284,518 113,243) (284.518} 13,243 13.243 16. ANALYSIS OF NEf ASSETS BETWEEN FUPa 31.3.22 31.3.21 Totsl funts fijnds funds Fixed assets Current assets Current liabih'b"es 1,498 824.599 1137.404) 1,498 3.298 882,981 2,962,199 1190,286) (1.562,6241 (52.8821 688.693 694,193 1.402.873 Page 23 (ThtinI...
CENTrE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY NOTES TO THE HNANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 PAARCH 2022 17. MOVEMENT IN FUNDS vement in funds At 1.4.21 31.3.22 Unreslrfcted funds General fvnts 333.194 355.499 688,693 Restricted fvnd8 TNLCF- Catalyst TNLCF- EDA TNLCF- Servi Comic Relief- Expcye 22.1(M) 367.341 657.420 10.500 12.318 122.1001 1367.3411 {657.4201 15.0001 112.3181 5,500 1.069.679 {1.(N,1791 5.5C TOTAL FUNDS 1.402,873 1708.680) 694.193 Net movement in funds. Ided in the atove are as fol". In(xxning Resour MoNtment Unrestri¢t¢d funds General funds Esfffft Fairbaim 227.195 275,LMI 128.304 1275,0001 355,499 502.195 {146.6961 355.499 Restrlcted funds Joseph Rowntree Founda'on Paul Hamlyn Foundab"on Cty Bridge Trust TNLCF- Catalyst TNLCF- EDA TNLCF - servIs Comic Rf- ExpcKe Cisco 10.C 220.000 150.000 {10.C(Q) (220.(> (l50.j0) 122,1001 (467.3411 (657.4201 15.OCrf)I (12.318} {240,0001 110,0001 1200.0001 (22.100) {367,3411 1657.4201 (5.0001 {12,3181 1(,(m?0 240,0 10,(D) 200.000 Somerset Corrmunrty Fourbjath Delortte Oigitsl cne¢1 930,1)00 11.994.179) (1.064,179) TOTAL FUNDS 1.432.195 12.140.875) 1708.680) Page 24 contsnued...
CENTrE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY NOTES TO THE FINANCIAL sTATENTS- continued FOR THE YEAR ENDED 31 MARCH 2022 17. MOVEMENT IN FUNDS- cortinued Comparatives for mvement in funds Tfansfers nKvement betsveen in tunds funds At 31.3.21 Al 1.4.20 Unrestricted fvnds General funds ESn Faithim 286.950 400.0 46.244 1400.fy)0) 333.194 1353,7561 333,194 Restricted fvnd TNLCF- Fuse Indigo Trust Comic Reh"ef- Spark TNLCF- Catalyst Co-op Foundath TNLCF- EDA TNLCF - Services COM Relf- Exp) Cisco 95.337 117.0321 (122.4361 (162.1131 (14.325) 367.341 657,420 10,5LKI 12.318 (95.337) 17.032 122.436 88.876 14.325 95,337 22,100 367.341 657,420 10,500 12,318 242.e69 827.010 1,069.679 TOTAL FUNDS 29.619 473,254 1,402,873 P•Je 25 cOntind...
CENTrE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY NOTES TO ThE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 AqARCH 2022 17. MOVEMENT IN FUNDS- eontinu Comparative net movewt in fvrth. Incl in th8 aLw)ve are as fol¢y••S.' IrIng Resources resources expended Movement in fvnds Unrn8tricted funds General fvnds Esmee Faithim 220.422 (174.178} (400,0001 46.244 1400.OCQ) 220.422 (574,1781 1353.756) Reslrlcted ndS TNLCF- Fuse TNLCF- Beehive Comic Relf- Tech for G¢K Indigo Tfust Comic Relf- Spark Paul Hamlyn Foundali Cty 8ridge Trust TNLCF- Catalyst Cwp Foundation TNLCF- EDA TNLCF- SeNos Comic Relf- Exw)re Clothworker5 Foundab"on AR Cisco Lloyds Fndation 162.381 17,877 29.260 {67.0441 (17,8771 {29.0} (17.0321 {195.4361 (75.1)J)I 12Q).Cx))I 1412.1131 {14.3251 1.863,LMIO {1,495,6591 3.085,(KJO 12.427.580) 250,000 1239,SCQI 5.224 (5,2241 7,0) (7,0001 20.0 (7,6821 10,C4)0 (10,OC(JI 95.337 (17,032) 1122,436) 73.000 75.OLKJ 200,000 250.000 1162,113) {14,325) 367,341 657,420 10,500 12,318 6.047.742 (5.220.732} 827.010 TOTAL FUNDS 6,268.164 (5.794.910) 473.254 Esmoo FairbAIrn This unrestn.cted gnt ts to support the continLd deveknF1 of the Catatyst. SpecificalFy, il will enable the Catslyst to gafvanise a (XoSS-F rk in w0V1ng drtaI support to voluntary and chaftsble ganiSatIonS across the UK. The Natk)nal Lottory Communlty Fund. Fuse This grant was to wJpp)rt chantS across the UK in their digitsl Ser devebpmenl, particulady smaller charittes. helping organisati$ wth SKJnifrant resc1j constraints to ernbra digitsl for greater efficiency and effecbveness. The National Lottery Community Fund- 8¢¢hiv•l 360 glvkng Funding was receNed from TNLCF via 360 Giving to develop the Beehive Giving plaltorm that uses open data from 360 Giving to provide a free grant funding Surtability twl that uses fvnder5' guidelines, priorities artd 360 Giving to prCmJu pOrts that help Clrtt decide where to apply for suppjrt. CIKnic Relief Tech for Good GRnt to support a cohort of chariti.es to underfake dwJ)very inb test use of digrtal to a¢he their aritable objectibes, wothing as part of coffi Rel and Paul Hantyn Fndation'S Teth for Good prograrnne. Indigo Tnffjt Page 26 1)"nUed...
CEKfRE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 IAARCH 2022 17. MOVEMEKf IN FUNDS- contin41 £20,000 to support the ¢Jeveknpm)t of Grant Advi9)r UK a tiy)I to promote and share open feedba betrn grant seekers and grant makers. This builts on GranlAdvisor, a tcd created in the US by Mirnesota Council of Nonprofits, aiming to irtrease collect honest publ feedbath that is visible and benchmarked so that the Youndation bubble, LS bjtst - imwoving fvnder behav)urs and prtis. creab.ng more equitable relab"onships tetrfftn grant makev5 and seekers. Comic Rellef - Sparf( Funded wth £350.000 over years from Conic Relf. Spark is a P>br$h that tcgether group of onJanisakns to lest out new apwoacttes that help Catstysl achieve impact al scale. Comic Relief and Paul Hamlyn Foundation have brought jether CAST. Think So¢tal Te¢h, Doi Everyone, Working wth Joe and Engine Rocrfn to increase the dwJital capabilty of the sector by testing out new apwo&hes Ihat sc21ed through the Catatyst network. Joseph Rownlree Foundatlon This grant frwn Joseph Rowntree FoundatKJn was to Ctjver costs asscmith wilh the deve1opffnt of Grant Advisor UK, indud1 edL2borating wth the Minnesota Counul of Nonprofits. UK Tru51$ and FoLTrndabons. to further develop Ihe Grant Advisor UK platrm aThd its use. Paul Hamtyn Foundation This grant is to use the Fuse approa¢h Idigrtal ac¢etor for estsbSished non•) in pathership befvfftn CAST and the Cardinal Hume Centre to develop a drtaI servKe Ihat provhles scalable and transparent immKJration •Jv1. Buikjing on CASTS exFertise in deVelo.ng test-driven user-led digitsl SeNtS, and Cardinal HurrE Cenlre's exFrtise and netsks in delNering supp)rt for migrants and refugees. this partrtership will develop a dlIa1 Se1 that supwrts multiple advice-giving organisations to become tmre alj with the (xp• ty have. wovKling rn0 essiblme[Y supwrt lo a(fvh>seekeT Ctrop Foundatlon This granl wa5 received to ujntrtwte trj the (rtst of deveky'ng the Charity Dlts1 C of PractKe. Charity IT Leaders aso wo¥thJ a grantityw¥ts ttys F The National Lottery Corywnunlty Fund {Catslysti This funding from TNLCF was proviyed so Ihat the Catalyst neith could continue to help civil soc organisations, including small and ndium srzed grrp$. embed dyitsl tcK)Is acn)ss their pracb"ce, resFond to the needs of users. and be rre resi11 in the tafx oftechrwgical change. Clty Brldge Trust This grant was provKled towdrds the Lorbjm elements of ts continuing development of the Catalyst nehvorK which will nwke cNil more resilient by emLEdding doital in their strategy. SeICe5 and governan. Th• National Lthry Community Fund (tNLCFF Extem•l Delegated Authorlty (EDAI To pr¢)vide grant furwjing to nonprofits a5 part of The Natial LOW Communty FurKI Catatyst Covid resFonse. Thé Nalional Lott¢ry Community Fund (fNLCFF SoNices Funding to complement the aforerftned EDA to provwje duitsl. data and deSn seIcE5 to SUPPOrt nonwoffts as part of The NalK)nal Lottery Comnwnity FuThJ w#J Calatyst Digrtal Covid reswnse fvnd. Comk Rellef- Explore Earfy stsge digital fiJndin9 and taikKed support (Y 12 weeks to charilies exwe dhjital service delivery challenges and YOt0type Solut$. Clothworf(ers Foundatlc•n A grant to work wlh the charity AVA to develop to prcrfju an axessible digiu safeguarding re9)urce for The Cl¢)thworkers' undab"on's grants and the wider sector. Page 27 Continued...
CENTrE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY NOTES TO THE FINANCIAL sTATElNTs - continued FOR THE YEAR ENDED 31 MARCH 2022 17. MOVEMENT IN FUNDS- continu•d IVAR, Clsco and Lloyds Foundation Conlribubon to the deveknpnI of Ihe Charity rtaI Ccth h./1<tydUrtakxIJe.oTg1 Fldelty Foundatlon A grant to explore the shared le¢hnh>l infrastrwknre that can enable charities lo reuse exi8ts.ng digital . and to exph)re deVelonI of a nets(wk of digtsl JeJers to cLvJtinue to deveiop their own leaming arKI the dvJital titte within tl"r cwn cjwities. PJom•rset Communlty Foundation A grant for CAST to provKle support to a range of Sofferset&sed y¢xth oanatson9 to explore digital options to provbje hghqualty, ywth&d aclivibes xross Sc#ThrseL Deloitt• Diyrtal C¢Mnect This programme was a new partnership Dekjtte UK TtyJether we supported 35 charity digrtal leads to leam and grow throLKJh a ttifrTr SUPFQrt offw. This offer helFed them leam and apply new skills and practus lo thr dvJital prDpd5. 18. EMPLOYEE BENEFIT OBLIGATIONS The charite company (4)erate5 a defined a%ritArt)n pension >therr. The pension costs charge represents ¢ontributions payable by the charitable company to this schem and amounted to £82,752 131.3.21". £125.089). There was £8.499 of outarKling ¢onthl)utions at 31 March 2022 (31.3.21.' £12,627) 19. RELATED PARTY DISCLOSURES There were no related party trsa(r for the year ended 31 Marth 2U22 {31.3.21: rne}. ULTIMATE CONTROLLING PARTY The chartsble cryny is under Ihe c¢Jntrol of its rymbw5. No one nber IB5 control of the charitaue company. Page 28