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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|
##
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##
##
##
##
##
||||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|
##
##
##
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##
##
|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|