REGISTERED COMPANY NUMBER: 09544506 (England and Wales) REGISTERED CHARITY NUMBEIL. 1161998 REpoiYf OF TRUSTEES AND FINANCIAL STATE1￿￿Ts 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• Tr￿le•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 ststeff*nts of tr* charity for the year ended 31 Ma￿h 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 a￿ordanCe 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 t￿hn0￿)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 resi1￿nI to volth"lity. The thallenge is to aC￿rate 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$. This has been CASTS fr)cus and Sin￿ our laurKh in 2015. We work with Char￿eS and CIV￿ organLsakns hety'rwj to maximi%e the value tw create . becx)ming more responsive to the changing needs, behav#Jurs and exF*cts￿ns of their Comr￿nth"e$,. m te*4rNen 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 $UPPDrts trusts and foundations to improve how they assess. sekct and supwrt charitable digital projects and programff*s. By building their d￿lIa1 capaaty. CAST helps social sector lygantsat￿S to bects￿ better equipped to thrive in Ihe tra￿ of scoal, ecorKmi¢ aThJ t￿hr￿)￿)51¢8l cknNJ&. CAST has tsken a ne￿othed approath from the outseL vn)th"ThJ Ck)Se￿ ¥￿th tNsts and foundations, training and advisory trM)dies, and dwn aThJ deyebp￿ftI 4encw. to Rdrally improve the qualty, range and uptske of thanty digital tools, trainirvJ. fUndIr￿ and adv￿e. Vle openty Sha￿ what we are leaming.. and build on the Work of others through our strong cxmmirtment to shariThJ and reusing reSoUr￿S which redu￿9 the costs. while inwwng the ￿e and scal8- of change. As the sector recJ)vets and rebuikjs from the COVID-19 p3r#JenThc. tt i% clear that the effethe and appropriate use of digital renBins uibcal to ensuring civil S￿Iety organisati￿$ 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 effec*ve 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, behav￿UrS aThJ expectth. ns of their communities, confidenty U￿n9 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 Char￿eS dullNJ the pandeffMc. arKI this rerroins the case during this recovery phase. In accordance with the require￿￿nts 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 tt*ir 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. InN￿liate 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 charit*s: shared t￿ls. forurrts. seNi￿S and res￿rceS that are accessible to charittes as they resFond to their Ch￿gI￿J envI￿nment More (let•"Is of this wo9ramn* can be found.. https.Iltrnyurf.corrKOVodD￿TrtaIReSPLMIseFUnd The developft*nt of the Calatyst nets￿rk has been suth that this year V￿ have been able to focus on expknro and understanding what is needed to ￿Int￿n 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 Inc￿lbIe supp)rt offer5 such as D¥Jrtal Candle.. providing free digrtal adv¢ce for charities: Desun Hop5.. int￿￿J￿CtOry 5upp￿t 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 Oning Ihe reuse of charrty digital assets to deuease the cost of di9ital innov*'on". increase the speed of charities, digital work and to increase the influence chanb.es have through the creation of digital assels. Wth support from the FkleSty FounOth"on we have be￿ ab￿ to test out diiferent r[￿elS of enat4ing reuse, induding wO￿l￿g with Charrt￿ to create and Sh￿ digrtal assets and tcob. One such example is the creatr.on of a Digital Ski115 Frameworfr with the Scojts. a t(M)I to supt4)rt chty staff to deveknp their digital sk¢'lls and conffiden￿. This fra1r￿V(¥k will s(x)n be availabk other chariti.es to us to deveknp their cwn digital capabilib"es. A second sh3nffic4nt area of fccus br CAST is supp)rW digitsl le*ts wthtn eharit*s. Many people with reswnsibilty for digital within Chant￿ have litue intemal support structures, and yel across the charitable sector the￿ is Irtredlb￿ instght and g￿rOuS ￿￿je￿hIp. CAST have created a Digital Leads Nefv￿rk as a way to provide supp)rt be￿n d￿lIa1 leads. and be￿n ehanlies. have supported over 100 digilal leader5 over this past year. As part of this developmen( we've thrilled to work wrth the Delortte Sccial Business team lo supp)rt 35 charilw and It￿'r digital thjefs through a struciured beamir4J prcgrdmme and rnat¢hing the leads with expertise. resources and connect￿S *ross the Deloitte netsvork The partnership wrth Deloitte saw d￿rtaI lead$ develop their understsnding and piactice., help develop the digital capabilrtj.es of their chanty. and supported them to develop speutr digilal projects that beneffted their communsties. The partnership also unhJd(ed vdurrteer suP￿￿t from acmss Deloitte's to provide exFert support to charitses. This year has also seen CAST work with a range of ¢haritEs. trusts and foundations to develop user ted and test dnven practios Ihat make test use of dlqital. Ilh)rking wrth COM￿ Rel￿1 and Paul Hamlyn Foundat￿￿, we were able to supwrt tr*enty charrtEs - su¢h as Law Centfts NefvKJrk. Access Care, Stand Tcgether Against Domestic Abuse, Vkllchild and YouthLink s(￿land to deveiop digitsl seNI￿S. CAST has also been ab￿ to work t*hind the ￿neS ￿ vital ¢Nil $￿ety ¢yganL%atb￿$ like Tntsl lor London, the TUC and The King's Fund to supwrt them to expth ttw (an beo)Th ny)re responsive and effectr've in their woth. 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 prov*Jiry grants and digrtal 5UPPOrt SeN1￿ to non-profits during 2021r22. I￿ra11 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 deve￿￿￿n[ Ind￿Jing the orwfvj devdopwent ofthe Catalyst pnJgramn*. Total income for the year was £1.4m. ￿ exFenditwe £2.1m. tncludiTrJ TNLCF expenditwe againsi rnney re￿Ved 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 inc0￿e 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 N8￿nal 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￿ ser￿e delivery fee incory* lup 3% crfb the yeaT tefofel. Expendi￿r• The charity's Priff￿ry expendituTe continues to be incurred on supporting ¢haritÈs and s￿la1 enterprises to improve their services with d￿rtaI 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 In￿rred £349k ¢)n SUFWrt cxjsts, £6k on gover￿n￿ £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¥e￿e Th¥Jnths' operabng expenditure. Vrfrth (x)nlinuing strong unrestricted fee income during the year our free Unrestri￿ ￿seThe5 increased from £330k to £688k (this f￿u￿ o)mprising unre*rthd reseples of £689k less £1k fixed asset net t￿k 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 ltr￿rdS the defvery of s￿IfiC 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 tr￿er￿1p 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 en￿￿nment and suP￿rt for Catsw to thrive.. ¢xJntributtng spaces, roles and re9Jurces. IAÈ wll cthb.nue to SUPF4xi and contn'bLrte to the aiTns of C*lyst, ¢reakn"ng the condition5 arKI supwrt f￿ its Suc￿ss. As part of this. we are woth.ng to rev*w how Catatysl can best be organised and through the C￿Ing 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 5c*iety ¢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 eth￿aL 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 Chanty￿￿ed te¢hnolcgies that can tyeate s￿nIT￿nt social ir Our fml pnority in Ihe new finan(yal year is to inibak and In￿bate inib'atives and activities that can suppcfft the ry¥Jst effective LAses of dNJit*l to address scaal challenges - working to SVPFOrt other parts of cNil society to develop their digital capabilities and provtyjing a SUPFX)rtNe env1ron￿￿rrt 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 re￿Ild from Ihe yea￿. we'll conlinue to work towarts vision of an emp)wered. vocal and influential civil scw, resilient and resFonsve to the d￿r01r@ 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 d0￿ment 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 ser*d 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 Cu￿nt tnjstees a￿ gNen bebx. Lord Jim KnLqht Chaf of ts Board. Jim works in edUCa￿n, 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-T￿h. MACAT Intematronal and (&)Bubble and sits on the Iwsory t£rfJ￿ for Nord An9￿.a, and BETh. As a g0￿mment minisler and MP. Jim's pJrtfolr05 induded rurnl affairs. scl)cols. dig1121 an¢J empbynEnt He was a of Gordon Br(y4m's Cabinet. L￿re )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 res￿nt expert at Said Business SCI￿01 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, PaSs￿n￿e atoui yourvJ F￿e hawng a greater voice in S￿Iety and in Ihe develotmwit of servw to their needs, b)th fxe*fats and through digilal. This indudes as Chief Executive of The Mix (forn￿￿ as YoLthNet), one of the UK *ding supwrt $em￿S for Yt￿ng Fe0￿ via online, SCKkg1 and moknle and as Chief of YoungMind5. the UK5 kading ¢hildren and young Feople's rr￿trI health charity. since 2018. She has also SUF¢Qrted a rKJe of ycKth OrganL￿.ons as a cmltant on OKJitsl aJopti￿ and Strateg￿ development and brings vride-rangirKJ expenence across corrmerrial. third and BBC. where she byas invofvaj in deVelo￿ng new dvjrtal servKes arKI campaigns. Lara is Ch￿f O￿lIa1 Off￿r of The S))uts, wthere she leads the digital transfonnation strategy across an organization of 165,000 volunleer5 in netsw)rk of 8.500 bcal groups. who deliver y￿kty Scouting to nearty haff a mill•)n ycwng Fewe to help devebp their Skills for Lrfe. She has spent 25 years deh'vering dNJrtal innovatK)n acros5 diverse sectors. In ihe kst decade Lard has driven diqrtal transformation and strategic change in the chanty sector. she vs pasS￿nate about using te￿n￿ogIeS to increase the effectiveness ofthe charities. Kate has Wofked in UK charl￿5 for nearty 20 years and in 2CQ9 P)ir￿d Teen4e Cancer TNst ￿a01￿ Fundrdi%ing of whKh she became Dire(aor in 2013. Kate was then successful at achieving Chief EX￿tive in March 2018. Teenage Cancer Trust has led the way in the creation of world-dass Ca￿er serv￿5 for young people, wovhjmg lifeard of trustees that ensures the charity contin￿$ to develcfj.. work effectiNely th its partrer5 and fUrKle￿ and M￿ntsin$ 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 A￿ele(￿. n of Soual Technokgy for the purpryses of wmpany law) are resFonsible for Preparv￿ the ReF*NI of Ihe Trustees and the finanaal slatement5 in a¢¢c￿danCe with applicable Law and Unl￿1 ￿ngdoM k¢ounlw StarKlartls (Uniled Kingdom Generalty Accepted A(o)unting Pracaicel. Company law requires Ihe trustees to p￿p￿ financial ststeff*nts 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 pOI￿JeS aThJ It￿ appty tr*m o)rtsi*nty". observe the methods and princi￿eS in the Charity SORP" make judgements and estimates that are reasonabte and prudent epaie the finanaal State￿￿nts on the going l￿ncern basis un￿5 il s inapprowHte to presume that the charrtaue company v4ill continue in t￿ness. Page7 . CENTRE FOR ThE ACCELERATK)N OF SOCIAL TECHNOLOGY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 STATEMENf OF TRUSTEES. RESPONS181UTIES- conlin￿l The Iruslees are resFonsible for kee￿ng proper rnnting records difdose with rea5￿a￿e 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 a￿Y￿orS 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.$￿ to go oul to termler for ts 2022 audit ! * 'X ￿ sgned ￿ its behalf ty.. Approved by orderofthe LY)ard oftrustees c￿... . ....... .... . . . . . njstee REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF CENTRE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY Oplnlon We have audited the ffnancid stateffents ot Centre for the ￿t￿ration of knial Techno￿gY (the 'tharitab company'l for the year ended 31 Marth 21Y22 whKh ¢omprEe the Statement of Financial Activities. the Balance Sheet. the Cash Flow Statement and ￿teS to the financial ststements. includin9 a summary of signifieant accounting Foliaes. The finanoal ￿pOrtIng framework blat has been applied in their preparab.on 15 applicable L4w ￿ Uniw lfj'TYJdom StsrKlard$ (Uniled Gene￿ty AC￿pIed A¢4)unting Practice). In our opin#Jn the fin￿￿al Stater￿￿. give a true and fair of the state of the ¢h*itable ccffipany's affairs as at 31 March 2022 and of rts incnTh4ng res￿rceS and applicatson of resoufW. ￿udIng its and exFendrture, ts th8 year then ended", have been kyoperty prepared in acccrtance wrth United lfjngjcm Generalty h￿pted Accounting PractKe', and . have been prepared in a￿Ord￿￿ with the rwUire￿rts of the Corryanies A¢1 20(K. Ba818 lor oplnion We condLSCted our audit in aCcordar￿ with Intern￿1 Standards on Audibng (UK) IISAS IUKII and applicable law. Our respJnsrly"lrtw under ttKJse standards are furtlw described in the Audilijrs. resp)nsibilit*s for audit of the financyal sla1eff￿nts SeC￿n of our re￿rL We are independent of the charitable cornpany in accordan￿ with the ethical requirerr*nts that are relevant to our audrt of the financial slaterr*nts 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 staten*nts. we haNE ¢onduded that ts trustees use of tre going concem basis of accounb.ng in the preparation of the financaal stalew*nts is approwate. Based on the work have ￿rfOrn￿l. 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 can￿M for a FetDJ of ai least ￿e n￿ths from vthen the finanryal stslements are authoris&J for issue. Our resrxjnsltslit￿S and the reSE￿ibIlI*S of the Intstees with resixt lo gorrfj (x)ncem are dex11￿ in the levant Secth￿S of tINs fepyt Other Infomiation The trustees a￿ respon$ibk for the other infonnatrjn. The Ottr￿r infomiat*)n Comprises the information induded in Ihe Annual Rewrt. other than the financial stateffthts arKI our Report of ts Independent Audito tr￿reOn. Our opinion on the finanaal slatements does not cover the other informatM)n and. except to the extent othemse 8￿11¢1￿ stated in our reFrt we do not exwess ￿Y fDrm of assurance It￿e0ft. In conneclw with our audit of the finanoal $tatenEnts, our is to read the other infomE￿n and, in doing so, constder whether the other infofmation 15 materialty in¢onsi5tenl wrth the financial ststements or r knowledge obtsined in the audrt ty ¢)th¥wise ap￿ats to be materialty nwsslaled. If we identsfy such material inconsistenues or apPa￿t nHterHI mh8stalen￿ts. we are required to determine whether this gives rise to a material misslalenEnt in firwwl st￿en￿ts Ihenwlves. If. bawj on the WOTk we have petformed, we conclude that there is a matenal misStste￿ of this other infDmatw)n. we are required to report that18cL have nothfftg to reptyt in ward. Opinlons on other matters prescribed by the CompaTrles Act 2006 In our opinion, based on the work undertaken in the course of the aLfflit the inf0m1at￿n given in the ReFQrt of the Trust*s for finanoal year fc* tre financaal ststen*nts are prepared is consistent with the financial S1atery￿ts.. and the Rep)rt of the Tnjstees has been prepared in ￿ts)rdan￿ vth apFIKabte legal requwements. REpoKf OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF CENTrE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY FA•ttevs on vthich t*e arn requlred to veport excemknn In the light of the knowledge and Underst￿Ing of the chantable company and rts environment obtsined in the course of the a￿jrt we have not ￿enbfied materi* mLSStateThwts in the Report ofthe Trustees. have nothing to reFQrt in respect of th? folbMng nmlters W￿re the Companies Act 21))6 wuires us to report lo you if. in our opnion: adequ*e accounting records have v¥)t t*n kept or r￿m$ adequate for aud* have rot been received from branches not visrted by ￿,. ty the finanaal statements are not in ￿reernit w￿h the acLwnting reLayds arnj ￿turns. or C￿1￿ disdosure5 oftrustees. remunefali(M 5pgified by ￿ are not m*.. or we have not rwived all the informal￿￿n and expknations we require for our aud¢ or the trustees were not entjued to tske advant¥ of the smll ￿rr￿nIeS exemption from the requirement to prepa￿ a Stralegic RetNxt or in preparry the Re￿rt of tho Try￿ee$ Responsibllities of trustees As explained rn0￿ fijlly in the Staten￿t 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 er￿b￿ the preparatK)n of fir￿n￿al Statements that are free from material rntsstatemenL whether due lo fr￿d 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, di￿O51ng. 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 oper*iLMS. 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[a￿e atrf￿t whether the financial staterr*nts 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"$￿ of users taken on the basis of these finanaal statements. The extent to whKh our wrfedure5 a￿ capable ofdetecling rregulaiiiE4 including fRud 15 t*tailed below.. Vrfe designed audit procedures to ￿SpOnd to the Iecojni￿ng that the risk of not detecting a matenal misstatement due to fraud ￿ higher than the of not deteth.ng TrsuJb"ng from error, as fraud may involve deliberate concealffEnt by, for exam*. ￿gery. rrWew￿latm￿￿ or thn)ugh cXJHuS￿. Procedures K￿f0MMI by the au(*t team induded. Discussions with managerrnit rega￿1￿j knThn ￿ SLye¢W instances of non-comp10n￿ ￿th laws and re9ulatK)ns', arKI Assessing joumals entries as part of our planned audit apwoad). EvauatK)n of rr0na9en￿nt incenb.ves and OPFrfJtuntss for fraudulent manipulal*)n of Ihe finanoal ststemenis induding management overrKJe. ￿ ￿n$￿￿ering that tt* ￿n￿PaI 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"l￿es for the audil of the financial ststements is Icts1￿ on the Financral Rewrts'ng Council's website * whw.frc.otg.ukJa￿rt￿e$wnslb￿ItieS. Thts descrtpt¥)n lo￿$ 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 n*mber5 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 Capa￿ty 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 INCOM￿EXpENDlTuREl 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 sfatery￿ts P•Je 12 CENTRE FOR THE ACCELERATION OF %)CL4L TECHNOLOGY BALANCE SHEET 31 MARCH 2022 31.3.22 31.3.21 FIXED ASSETS Tangl1￿e 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 provisi￿ts 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 gene￿e￿ from Opera￿nS P,018,6491 1,618,301 Net cash {wed Iny￿￿o¥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 Staten￿ts 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[TURE￿NCOmE 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. Depreci*ion 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 st*ements 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 st*ements of the charita￿e 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 app1*￿ble in the UK and Republ￿ of Ireland. and tre ConVan￿ 2￿. Tr financial state￿￿nts have been prepared under the histoncal C3)St conventi)n. Income Voluntsry incATh induding dona￿5. glts and le9￿S and grants that wovide cote fvnding or are of a general nature are rec£snised where there ts entrUenErt tr* r￿lpt 55 probable and the amount be rneasu￿d with sufficient reliabilty. Income re¢ewed under o)ntract or where entittement tr) g￿t 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 ac*vths to generate fijnds. s￿h 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 vo*Jnteer5 [5 not wM))ryMx*ed into these financBI stateM￿ts. Vthere goods or servi￿5 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 CC￿tributiOn to the chanty. Expenditum Expenditu￿ is recc*3nised a Ira￿lty is wJJrred. Contra(Xual arrdngen*nts ¥e ￿ft￿ed as goods or seNThs are supplied. Expenditure on rai￿n9 furKls are those costs incurred in attrxb.ng vO￿ntary 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 fiJncbcK*s and govemarKt o)sts and have been allocated to activiti'es on a basi$ ¢¢nsTrstent wilh the use ot resour￿5. Irrecoverdble VAT All resour￿ exFended a￿ cbssif*d under faings Ihal aggw* ai o)sts ￿lated to the category. Irr￿verable VAT is charged against the category of resour￿ expended for which it was incurred. Grants offered su*"ect to Cl￿d[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 C￿tr.ng £SOO or [Th)￿ are Ca￿￿1￿￿ed. 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 actsvit*s. Fund accounting Unrestiicted funds Can be used in &C￿an￿ with the L*aritable obiec*ves 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 reStr￿ted purpose& Futher eXplanatK￿ of the nalure and purpose of each fund is induded in the [￿te5 to the financial St*mènts. Hife purchase aml leaging ¢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 r￿￿ed grant for the exskne pTOgram￿￿ in 2020121 and 2021r22. Folkmiirs the EDA and Definil*)n stages, DeyeW￿nt fvnding provides more in-depth $upp)rt to build and appty the soluttrjns to realise charitses. communrties. A￿OsS the EDA programme were Devebpment 2A and 2B - drfferentiated by when charitres were ready for this funding and SUPFX)rL18 Grdntees V•ere supp)rted in phase 2A, 11 grantees in phase 2B and 55 grantees in 2C. Sector Cttalknges Furrtjing to tsUp￿rt charthes to work Icgether on sha￿d sector problems. partthlady aiming to ajdress Chal￿ that indNidual chari￿s cannot solve abne. but that need to be addressed by groups of chart"t￿ workn.ng Icgether. Sector Challenges wvered four areas.. Mentsl Health and Weilbwng. Earfy Years, Sexual Abuse and DonEsiic Violence and Financial Wlellbeing. 31 grantees rece￿￿ grant fiJndwwJ. w(¥k Ind￿ EDA Clusters. continuab.on and Mon*ntum. Charity Digital Code of Practke The Charity Digital C¢Jde of Practice is a set of pnnopks to benchffort( chaiitss, wogres5 in digtsl, Inform key deo'sions and start makiro chaNJe. in 2021r22 invow c4>delivering a series of webinat5 ￿ leaders as part of a wder pr￿JramMe of SUPFOrt for ￿rs. initiated as a response to the pandemic. We also explored who Th¥ght (Ywn and wointain the Code longer temi. After a series of discussions wrth YafiOUS Inte￿$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 Cc*Je acTOSS the sector. Rem&ning funds were th*10￿ transferred as a grnnt to Charity Dwital. Deloitte Di9hal Connect This prD3ramme was a rw paththip with D*rtte UK T¢)3ether we supported 35 chanty digital lewts to leam and gr¢￿ through a MU￿fryMed SUPFDrt offer. This offer helped them leam and apply new and to th￿'r d￿da* pyojxts." MentorirvJ and troutleshootru on their na￿] Pro￿ DeSNergJ by 35 De￿￿te 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)u￿e 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 part￿lp8nts. 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 at￿Ve. 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 li￿nCe 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 ex￿SeS 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 incomellex￿nditU￿) 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 r￿￿ed reW￿r￿f8￿n 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 ￿rir￿j 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•* developn*nt 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 Fixtu￿5 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 se￿rity 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 fff￿￿a1 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 (Thtin￿I... 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. I￿￿ded 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 - servI￿s Comic R￿￿f- 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 c￿ne¢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 sTATE￿NTS- continued FOR THE YEAR ENDED 31 MARCH 2022 17. MOVEMENT IN FUNDS- cortinued Comparatives for mvement in funds Tfansfers nK*vement 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￿ Rel*f- 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 cOntin￿d... 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.' Ir￿Ing 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 Rel￿f- Tech for G¢K Indigo Tfust Comic Rel￿f- Spark Paul Hamlyn Foundali Cty 8ridge Trust TNLCF- Catalyst Cwp Foundation TNLCF- EDA TNLCF- SeNos Comic Rel￿f- Exw)re Clothworker5 Foundab"on AR Cisco Lloyds F￿ndation 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 g￿nt ts to support the continL*d deveknF￿1 of the Catatyst. SpecificalFy, il will enable the Catslyst to gafvanise a (XoSS-*￿F ￿rk in w0V￿1ng d￿rtaI support to voluntary and chaftsble ￿ganiSatIonS across the UK. The Natk)nal Lottory Communlty Fund. Fuse This grant was to wJpp)rt chant￿S 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 Cl￿rtt￿ 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¢h￿e their aritable objectibes, wothing as part of coffi￿ Rel￿ and Paul Hantyn F￿ndation'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- contin4*1 £20,000 to support the ¢Jeveknpm)t of Grant Advi9)r UK a tiy)I to promote and share open feedba betr￿n grant seekers and grant makers. This builts on GranlAdvisor, a tcd created in the US by Mir*nesota 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 pr￿ti￿s. creab.ng more equitable relab"onships tetrfftn grant makev5 and seekers. Comic Rellef - Sparf( Funded wth £350.000 over years from Conic Rel*f. Spark is a P>b￿r$h￿ that tcgether group of onJanisakns to lest out new apwoacttes that help Catstysl achieve impact al scale. Comic Relief and Paul Hamlyn Foundation have brought ￿jether CAST. Think So¢tal Te¢h, Doi Everyone, Working wth Joe and Engine Rocrfn to increase the dwJital capabilty of the sector by testing out new apwo&hes Ihat sc21ed through the Catatyst network. Joseph Rownlree Foundatlon This grant frwn Joseph Rowntree FoundatKJn was to Ctjver costs asscmith wilh the deve1opff￿nt of Grant Advisor UK, indud1￿ edL2borating wth the Minnesota Counul of Nonprofits. UK Tru51$ 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¢e*tor for estsbSished non•) in pathership befvfftn CAST and the Cardinal Hume Centre to develop a d￿rtaI servKe Ihat provhles scalable and transparent immKJration •Jv1￿. Buikjing on CASTS exFertise in deVelo￿.ng test-driven user-led digitsl SeNt￿S, and Cardinal HurrE Cenlre's exF*rtise and nets￿￿ks in delNering supp)rt for migrants and refugees. this partrtership will develop a d￿lIa1 Se￿1￿ that supwrts multiple advice-giving organisations to become tmre al￿￿j with the (xp• ty have. wovKling rn0￿ ￿essib￿lme[Y supwrt lo a(fvh>seekeT Ctrop Foundatlon This granl wa5 received to ujntrtwte trj the (rtst of deveky'ng the Charity D￿lts1 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 nei*th could continue to help civil soc organisations, including small and n*dium srzed grr￿p$. embed dyitsl tcK)Is acn)ss their pracb"ce, resFond to the needs of users. and be rr￿e resi1￿1 in the tafx oftechrw*gical change. Clty Brldge Trust This grant was provKled towdrds the Lorbjm elements of ts continuing development of the Catalyst nehvorK which will nwke cNil more resilient by emLEdding doital in their strategy. Se￿ICe5 and governan￿. Th• National Lthry Community Fund (tNLCFF Extem•l Delegated Authorlty (EDAI To pr¢)vide grant furwjing to nonprofits a5 part of The Nati￿al LOW Communty FurKI ￿ Catatyst Covid resFonse. Thé Nalional Lott¢ry Community Fund (fNLCFF SoNices Funding to complement the aforerf￿t￿ned EDA to provwje duitsl. data and deS￿n se￿IcE5 to SUPPOrt nonwoffts as part of The NalK)nal Lottery Comnwnity FuThJ w#J Calatyst Digrtal Covid reswnse fvnd. Comk Rellef- Explore Earfy stsge digital fiJndin9 and taikKed support (Y￿ 12 weeks to charilies exwe dhjital service delivery challenges and ￿YOt0type Solut￿$. 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 grant*s and the wider sector. Page 27 Continued... CENTrE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY NOTES TO THE FINANCIAL sTATEl￿NTs - continued FOR THE YEAR ENDED 31 MARCH 2022 17. MOVEMENT IN FUNDS- continu•d IVAR, Clsco and Lloyds Foundation Conlribubon to the deveknp￿nI 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 deVelo￿nI of a nets(wk of digtsl Je*Jers 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 o￿an￿atson9 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 ￿￿ttif￿rTr￿ SUPFQrt offw. This offer helFed them leam and apply new skills and practus lo th￿r dvJital prDpd5. 18. EMPLOYEE BENEFIT OBLIGATIONS The charit*e 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 out*arKling ¢onthl)utions at 31 March 2022 (31.3.21.' £12,627) 19. RELATED PARTY DISCLOSURES There were no related party tr￿sa(￿r￿ for the year ended 31 Marth 2U22 {31.3.21: r￿ne}. ULTIMATE CONTROLLING PARTY The chartsble cryny is under Ihe c¢Jntrol of its ry*mbw5. No one n￿ber IB5 control of the charitaue company. Page 28