2023-03-31-accounts - Centre For The Acceleration Of Social Technology

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						31.3.23	31.3.22
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes		F
INCOME AND	ENDOWMENTS	FROM
Donations and	legacies			13,250	85,000	98,250	200,000
Charitable activities
Digital capacity	development			480,378	1,469,151	1,949,529	1,232,195
Total				493,628	1,554,151	2,047,779	1,432,195
EXPENDITURE	ON
Raising funds				21,043		21,043	19,350
Charitable activities
Digital capacity	development			529,836	1,468,589	1,998,425	2,121,525
Total				550,879	1,468,589	2,019,468	2,140,875
NET INCOME/(EXPENDITURE) Transfers between funds			17	(57,251) (8,938)	85,562 8,938	28,311	(708,680)
Net movement	in funds			(66,189)	94,500	28,311	(708,680)
RECONCILIATION OF FUNDS
Total funds brought forward				688,693	5,500	694,193	1,402,873
TOTAL FUNDS	CARRIED FORWARD			622,504	100,000	722,504	694,193

	BALANCE SHEET
	31 MARCH 2023
		31.3.23	31.3.22
	Notes
FIXEDASSETS
Tangible assets	13	4,514	1,498
CURRENT ASSETS
Debtors	14	308,808	59,805
Cash at bank		710,375	823,176
		1,019,183	882,981
CREDITORS
Amounts falling due within one year	15	(301,193)	(190,286)
NET CURRENT ASSETS		717,990	692,695
TOTAL ASSETSLESSCURRENT
LIABILITIES		722,504	694,193
NET ASSETS		722,504	694,193
FUNDS
Unrestricted funds		622,504	688,693
Restricted funds		100,000	5,500
TOTAL FUNDS		722,504	694,193

	FOR T	HE YEAR ENDE	D 31 MARCH 2023
			31.3.23	31.3.22
		Notes
Cash flows from operating	activities
Cash generated from operations			(108,569)	(2,018,649)
Net cash used in operating	activities		(108,569)	(2,018,649)
Cash flows from investing	activities
Purchase oftangible fixed assets			(4,232)	(1,659)
Sale oftangible fixed assets				325
Net cash used in investing activities			(4,232)	(1,334)
Change in cash and cash	equivalents
in the reporting period			(112,801)	(2,019,983)
Cash and cash equivalents	at the
beginning ofthe reporting	period		823,176	2,843,159
Cash and cash equivalents	atthe end
ofthe reporting period			710,375	823,176

ACTIVITIES
				31.3.23	31.3.22
					f.
Net income/(expenditure)		forthe reporting	period (as per the
Statement ofFinancial Activities)				28,311	(708,680)
Adjustments for:
Depreciation charges				1,216	3,053
Loss on disposal offixed assets					81
(Increase)/decrease	in debtors			(249,003)	59,235
Increase/(decrease)	in creditors			110,907	(1,372,338)
Net cash used in operations				(108,569)	(2,018,649)
ANALYSIS OF CHANGES		IN NET FUNDS
			At 1.4.22	Cash flow f	At31.3.23 f
Net cash
Cash at bank			823,176	(112,801)	710,375
			823,176	(112,801)	710,375
Total			823,176	(112,801)	710,375

			FOR	FOR	FOR	FOR	THE YEAR ENDED 31 MARCH 2	023
2.	DONATIONS AND		LEGACIES
								31.3.23	31.3.22
	Donations							98,250	200,000
3.	INCOME FROM	CHARITABLE ACTIVITIES
								31.3.23	31.3.22
						Activity			f.
	Grants					Digital capacity development		1,726,106	1,005,000
	Service income					Digital capacity development		223,423	227,195
								1,949,529	1,232,195
	Grants received,	included			in	the above, are as follows:
								31.3.23	31.3.22
								F
	Refugee Action							8,333
	Paul Hamlyn Foundation							230,000	220,000
	Joseph Rowntree	Foundation							10,000
	Esmee Fairbairn							220,000	275,000
	City Bridge Trust							200,000	150,000
	The National Lottery		Community				Fund- Catalyst	500,000
	TNLCF - EDA grant								100,000
	Fidelity							265,000	240,000
	Somerset Community			Foundation					10,000
	Sport England							260,823
	Tides Foundtion							21,122
	Yapp Charitable	trust						2,500
	Tudor Trust							5,000
	The Disrupt Foundation							13,328
								1,726,106	1,005,000
4.	RAISING FUNDS
	Raising donations		and		legacies
								31.3.23	31.3.22
								F
	Staffcosts							21,043	19,350

			Grant
			funding of
		Direct	activities	Support
		Costs (see	(see note	costs (see
		note 6)	7)	note 8)	Totals
		F		F	F
Digital capacity development		1,550,143	114,438	333,844	1,998,425
DIRECT COSTSOF CHARITABLE ACTIVITIES
				31.3.23	31.3.22
					F
Staffcosts				468,294	445,515
Subcontractors				1,043,030	739,494
Travel and subsistence				9,070
Other direct costs				29,749	24,954
				1,550,143	1,209,963
GRANT'S PAYABLE
				31.3.23	31.3.22
				F
Digital capacity development				114,438	556,740
The total grants paid to institutions		during the year was as	follows:	31.3.23	31.3.22
				f	F
Kingston Voluntary Action				15,000
Comic Relief - Explore				14,438	5,000
TNLCF- EDA Development	Phase	2A			(1,361)
TNLCF- EDA Development	Phase	2B			3,151
TNLCF- EDA Sector Challenge					(1,791)
TNLCF- EDA Development	Phase	2D			10,000
TNLCF- EDA Development	-Continuation				161,833
TNLCF- EDA Development	-Momentum				195,510
Digital Code Practice					9,398
Deloitte Digital Connect				85,000	175,000
				114,438	556,740

Management -	continu	ed
			31.3.23	31.3.22
			Digital
			capacity	Total
			development f	activities
Brought forward			326,607	348,743
Loss on sale of	tangible	fixed assets		81
			326,607	348,824
Governance costs
			31.3.23	31.3.22
			Digital
			capacity	Total
			development	activities f
Auditors' remuneration			6,324	5,760
Auditors' remuneration		for non audit
work			900
Trustee meeting	and expenses			225
Legal fees			13	13
			7,237	5,998
NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is stated after charging/(crediting):
			31.3.23 f	31.3.22 f
Auditors' remuneration			6,324	5,760
Taxation compliance services			900
Depreciation -owned assets			1,216	3,053
Other operating	leases		5,835	7,488
Deficit on disposal offixed assets				81

STAFF COSTS
	31.3.23	31.3.22
Wages and salaries	672,926	687,299
Social security costs	70,006	66,217
Other pension costs	33,318	37,752
	776,250	791,268

			31.3.23	31.3.22
F60,001 -	f70,000		1	1
f80,001 -	F90,000			1
F90,001 -	8100,000
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
		Unrestricted	Restricted	Total
		funds	funds	funds
			F
INCOME AND ENDOWMENTS		FROM
Donations	and legacies		200,000	200,000
Charitable	activities
Digital capacity development		502,195	730,000	1,232,195
Total		502,195	930,000	1,432,195
EXPENDITURE ON
Raising funds		19,350		19,350
Charitable	activities
Digital capacity development		127,346	1,994,179	2,121,525
Total		146,696	1,994,179	2,140,875

12.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL	COMPARATIVES FOR THE STATEMENT OF FINANCIAL	ACTIVITIES - continued	ACTIVITIES - continued
			Unrestricted	Restricted	Total
			funds	funds	funds
			F		F
	NET INCOME/(EXPENDITURE)		355,499	(1,064,179)	(708,680)
	RECONCILIATION	OF FUNDS
	Total funds brought	forward	333,194	1,069,679	1,402,873
	TOTAL FUNDS CARRIED FORWARD		688,693	5,500	694,193
13.	TANGIBLE FIXEDASSETS
					Plant and
					machinery
					F
	COST
	At 1 April 2022				11,114
	Additions				4,232
	Disposals				(7,085)
	At 31 March 2023				8,261
	DEPRECIATION
	At 1 April 2022				9,616
	Charge foryear				1,216
	Eliminated on disposal				(7,085)
	At 31 March 2023				3,747
	NET BOOK VALUE
	At 31 March 2023				4,514
	At 31 March 2022				1,498
14.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
				31.3.23	31.3.22
					P
	Trade debtors			52,800	10,200
	Other debtors			256,008	49,605
				308,808	59,805

					31.3.23	31.3.22
						F
Trade creditors					102,383	54,881
Social security and other taxes						18,713
VAT					8,800	10,065
Other creditors					190,010	106,627
					301,193	190,286
Deferred income
Deferred income	comprises grant received $or future financial			periods.
					31.3.23	31.3.22
					f
Balance brought	forward					13,243
mount release to	incoming resources					(13,243)
Amount deferred	in the year
Balance carried forward
ANALYSIS OF NETASSETSBETWEEN FUNDS
					31.3.23	31.3.22
		Unrestricted		Restricted	Total	Total
		funds		funds	funds	funds
			F
Fixed assets			4,514		4,514	1,498
Current assets		919,183		100,000	1,019,183	882,981
Current liabilities		(301,193)			(301,193)	(190,286)
		622,504		100,000	722,504	694,193
MOVEMENT IN FUNDS
				Net	Transfers
				movement	between	At
		At	1.4.22	in funds	funds	31.3.23
				F	F
Unrestricted funds
General funds		688,693		(57,251)	(8,938)	622,504
Restricted funds
City Bridge Trust				100,000		100,000
Comic Relief - Expore		5,500		(14,438)	8,938
		5,500		85,562	8,938	100,000
TOTAL FUNDS		694,193		28,311		722,504

Net movement in funds, include	d in the above are	as follows:
		Incoming	Resources	Movement
		resources	expended	in funds
		F
Unrestricted funds
General funds		493,628	(550,879)	(57,251)
Restricted funds
Paul Hamlyn Foundation		230,000	(230,000)
City Bridge Trust		200,000	(100,000)	100,000
Comic Relief - Expore			(14,438)	(14,438)
Fidelity		265,000	(265,000)
Deloitte Digital Connect		85,000	(85,000)
TNLCF - Growing Great Ideas		500,000	(500,000)
Sport England		260,823	(260,823)
The Disrupt Foundation		13,328	(13,328)
		1,554,151	(1,468,589)	85,562
TOTAL FUNDS		2,047,779	(2,019,468)	28,311
Comparatives for movement	in funds
			Net
			movement	At
		At 1.4.21	in funds	31.3.22
		F	F
Unrestricted funds
General funds		333,194	355,499	688,693
Restricted funds
TNLCF - Catalyst		22,100	(22,100)
TNLCF- EDA		367,341	(367,341)
TNLCF - Services		657,420	(657,420)
Comic Relief - Expore		10,500	(5,000)	5,500
Cisco		12,318	(12,318)
		1,069,679	(1,064,179)	5,500
TOTAL FUNDS		1,402,873	(708,680)	694,193

The chari	table company's fi	nancial instruments may be analys	ed as follows:
			31.3.23	31.3.22
Financial	assets
Financial	assets measured	at amortised cost	966,383	872,781
Financial	liabilities
Financial	liabilities measured	at amoitised cost	190,010	106,627