REGISTERED COMPANY NUMBER: 09544506 {England and Waleg) REGISTERED CHARI￿ NUMBER: 1161998 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR CEPMIE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY Gibson IAthrtt& Lifflit&J Statutory Auditcrfs Larch H￿se pa￿knds Business Park Hampshire P07 6XP CENfRE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Report of the Truste•s 1 to 13 14 10 17 18 19 Cash Flow Statemert 20 Notss to the Cash FkYAf stat￿￿fit 21 Notes to the Financial Stateme 22 to 32 CEpifRE FOR THE ACCELERATION OF SOCIAL TECH￿)LOGy REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 PAARCH 2024 The Iruslees who are aL80 direct￿5 of the tharty for the purFKWS of the c￿￿pan￿ Act 20L%, present their report with the finanual stslements of the charity for the year eTrJ&J 31 M&ch 2024. The tnjstees have adcpled the promsions of Ac£ounbng aThY Repcmting by Charities." stat￿￿nt of Rè>)mmended Practice applicabk lo tharitw prepariro their aco)unls in aCC￿ce with the Financ481 Retthing StaThJard applicab￿ in the UK and Republ￿ of Irdand (FRS 11T2) {effec11￿ 1 January 20191. OBJECTIVES AND ACTMMES Introductlon Centre for the AcceleralK￿ of knal T￿hn is a UK charity wortirvj to act￿rate the agenGy. presence and infiuence of sccial imp&t ￿9a￿L￿a￿S i n ts I￿hn0￿*318S thal aff￿1 us all. Since 201S. we have been sUpy￿b.ng scoal org￿1￿￿￿5 lo m&ke fumest thse of digital t￿hn0￿*3Y . and working wrth funder3, partne￿. d￿rtaI govern￿t ar￿ other staehoklers to create a netsvorked environment of $UPFQrt ts the se￿￿. Our mission is to ensLtre thal every UK sc*ial imp* organ6atKffl has the skills, o)nhJence and opportunty to hamess the full power of d￿rtaI. We diredty with scoJ IM￿ organisabons, hdping lo beccffne more res￿S￿e to th￿1 audiences. changing needs. behawjrs a￿* expectaticM)s, nK)￿ les14riven, and more confident in embedding dvJital princpks irrto thw'r ¢Y9￿￿atr￿al strategy. cJJ1tu￿ and seThtis. We aLso work d¢)sety with fuThJers. trx*Jies, ad￿ cx)IlectNes. sector ￿erS and digital specralists, to radvlty iThyrcwe ts qualty and range of dpjital tfxk. trainiNJ, fuThling and aValab￿ to the sector- arKI to maximise the utrtae ofthese offerirys. We continualty st￿￿ to m* conneclKfflS belween all parts of the sertcK. this can invc4ve direcuy Cpjnneciing people or organi&itions lo thr, or shwing insvJhls wilh a￿1 beh¥een audydnces - e.g. sharing the socral sectorfs er￿rgIng Al needs fvThJers. in order to nK+Jilise a cOleCti￿ supKMM effort. Central to this i8 our commitrnent to y￿rk1"ng in the c￿n.. we shar8 wtwt we are leaming, buibj on the wot* of others through reuse. This redu￿ the ￿1$ of ¢harMJe, whilst enajlwig arKI sta￿. y building ￿la sector ￿ganisat￿S. dvJital COP•. CAST he¥)s thwn to twne equipraj to thrive in the of rapkl social. and t￿h￿l¢￿ chaThJe. Pag8 1 TECHNOLOGY REPORT ThE TRUSTEES FOR THE YEAR ENDED 31 ￿RCH 2024 OBJECTIVES AND ACTMTIES How CAST contrlbutes to the wblk benefit CASTS Visic￿ is for an eft￿￿er￿, vcca ar*J infiuenlial ci¥il $￿Iety. resilwt arNJ rest&￿[ve to the charoing needs, behaviour arKI expedakns of th￿r wThunitw. C￿ usry d￿JItal toob to achh8ve irKIivKlual and eollecbve impact. The way in whth charities a￿1 cwn1sat#￿S cr88le pubk b￿ffl rel*s increastn9ly hea￿ty on their access to . and use of. dMJital tcK)ts and apprwhes. P0st-pandeM￿. the spaces where galher. connect and access infrxmat*)n have Iwgety shffted In)m physttl to dpJital. And gj rf chanb.es do not have a stron9 d￿ts1 presence . a￿1 the conftlwKe arKI SUPF#J1 to ne•V tech trend5 as they errErge - their vital swvi￿5 will te¢on￿ fess visit4e 8c££Ssib￿. aNI ther will be d1mln￿hed. This is where CAST comes in." V*e with tharrtEs and Sc￿￿ c￿ganiSat¥￿S to help them embed dKJital and design across their seThiees, strategy governar￿ - and wrth sector Igaders and fvnders to create an enMronn*nt which Surp￿ts arKI encourages this. supp(wt iriwt organisalions lo devek*i I￿r agercy Idevewing skills, rdaknships pr￿*￿).. presence (creating chafity sector owned teChndco￿$} and inflL*nee (supwb"rMJ le￿￿ to have grealer Wo￿e bWthin WoThJ the sector) in the technok#J*S that affecl us am. The way in we d￿r4er supwt can te descriw ty three parts.. d￿e￿￿ arKt scale Kcral impact through dyital. We desvJn and ddNer pr03ramr￿ lo devekTr the capity of sc¢ial irrw organi5atrJns.' p￿￿dIng IrainiThJ, peer SUPF#Nt Progra￿￿S that hdp devekw the agerry and eapabilty of N￿Mdu•1$ and organ¥tIg￿ lo use d￿rtaI. dats aThJ desb3n tr) xhwe their L*jectives. We host and sup￿1 ￿llect￿￿s of eXPerirr￿ts into h¢yw enwing technobgy, particyjlarfy Al. can bring abJut social value.. supporting shar&J tesb'ng leaming so the sector mkn quthr prcgress in the ethKal of dh3rtal. dats and des$n for p)sthe impaL*. Our COnn￿li0n ￿ rnultp￿ twchpoinls xross the secaor means that we are al the forefront of urKlerslanding emorging trends needs . arnj IlexiNJ our appro&hes as need￿. in order lo offer the most valuable SUp￿t lo the sectcv and the c£Mmmuni(￿ they seNe. As such, we are currenlty working N hundreds of scaal cyntsatK￿s aTrJ to identfy the key challenges and opportunit￿S Nwth regard to Al, so that we can r￿￿111Se suFpxl and help the to hamess the fijll pclential of this CAsf$ work revo￿e$ around the c>Ne ain of buikling up socid Organ￿1t￿)ns. db3rtal ag&nw, presence arKI IrfflUen￿ . so that they b￿me stmrw a￿1 ￿ SUsta￿th within themsefve5, and better able to deliver ccfisistent Wdhje lo the pub In accordanc& the ￿UIr&I1erts crf the Charl￿5 Ad 2011 aTrJ the ass(￿at&￿ Charitw (Accounls and Reportsl RegulatKns 2L))8, the trustees confffm that they have conv1￿d with their duties to have due ￿ard to the guitlance on publ￿ benefrt as pubwied by the Chatty Ccrfnmi5sion. in exerusiw their powers and duties in the year under revpw. Pa98 2 CEP￿RE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY REpoirr OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRATEGIC REPORT Achlevement and perforn)ance Revlgw of perfornmnce and achlwemw rtin Cata for the tra was set up by CAST in 2019 wth the ain rA l>n"rywu a S￿al purpose to th8 d*Jital revolution.. Over the followng fve years, rt grew to beLome a thriving of n￿pr0ffts, dgital support partners ar fundets, w0￿1ng to￿ther to col*lNety relise a duitalty and reSi￿ent S￿la1 sector. On 1st April 2024, Catatyst transitb)ned to b￿orr* a Ccmmunty Inlerest CL)npany {CICI, with a renewed sion, mission and model. Full d8tsil$ are in the c¢*mprehwsNe Q8A and b q, of which were ¢tsauthored by the CAST arvj Calatyst t￿1￿$. During the rep¢ybng pgric4J. in to wthing cffl transitK)n &#Nibes. Catstyst ero4ed wth artyjnd 90 core partners lo ensure the cOntin￿d ddNery of rr£*e than 30 xtMtE5. These aL*"vities - including inibatNes, resewch projects arKJ workirYJ groups - thousands of nc￿prOfrtS, durtal experts and fvnders. InitkqtiNp leads lincludiro CAST) have been encpjuoged arKI supwted by Cataty5t to oplimise their offers based on fe￿Ib￿k and irtspJht," inym dNetsty and indus•Jn,' cdktorale wrth eth ot￿r, and ttx)Is to capture inyacL Full detsils of Cataws irnp&a can be f￿rKI in Natul￿ty. there continued to be a hBh of 8￿gnment bd*Een CAST and Catatyst's wryk during this time.. CAST continued to incubate Catalyst whilst also contributing spthlty to a number of initkitwes, including Coffee Ccfinections, Desvjn Hcps. the Durtal L*Js Nets4th, Shared Dvjital Guides. Open IP for Funders and D￿rtaI FoundatK)ns. The first three of these ￿11 be covered in the subwugnt as they were primarity led by CAST,. a summary of the joint 15 as bekw: hared D ital Gusdes (lo￿nety ServKe Reripes) are steTrby-step guKks lo using dvJital lojs. written by charii*s for charrtie5. During the re￿tIng pwDJ, existin9 GuKles were rg-writi8n into a n8w content pattem to iryrove qualty and relevance, usmg inpui from the onginal providers. In addthon. several GuKles were deliver￿, wilh the total cuwenty standing at 78 Guhles. conlnbutejj by 57 organtsatl￿$. During the reFKJrting pericd, the srte attraded 7,5CQ unique wsrtors, with a conkn1￿ total of rrK)re than 16,000 p&3e Mews Folkn*￿n9 Catatysl's transit￿￿ in April 2024, CAST assum￿ resFonsibilty for the initHtive. Catatysl set to contribute ewhl Liberaw Tech Guhjes over the next 12 ￿nths. The ts IP for Funde￿ Inrt￿t￿E aKns to enC￿Jfage aThJ supwt fur¥Jer5 tt) 1rwen￿rt open IP (intellectual propetyl wrthin grant agreements, and to encourage open IP awst the charities they supwt. Over the repOrt￿g period. the initBtive continwj to er¥pJe wilh fvnders - and an example of the Open IP work in prath"ce, was a Collab)rat￿ ￿th to Charye.. all partswants on thwr Discove Fund We￿ inwled lo take part in CASTS This began in Octobw 21r23 aThl wrnpped up in Awil 2024. read nTr)re in the seclM)n be￿￿, a￿1 in SUFPOrts scckAI sector staff to inwrove their dpaital skills and Conf￿enCe, so that they are better equipped to supwt the indNvJuats atyj ccthmunities seNe. During the reF*Jting peritrj. new round of tesling was carried oul on the Di rtal Skn'lls Fr￿￿0¥0￿, with charknes frcrtn Relugee A￿lon,5 Expkye Adapt Rwew programme. Fundng from Catatyst enabled tesliro to be carned out to better understand what works with the franknth. what gwj ewanenl kt&s like- and what promotes use of the franmvth by staff. A Al vras asded, with resources crtrwdsourced &ross the CAST team and stsering group, whKh ￿llIn￿l to meet quarterly. The Al section currenty contains 16 resources, wh￿h will increase as other organisations Sha￿ nKKe t￿ts. The initiatNe also f*Js into the of the D Al￿n￿. has core negts around raising public awarer*ss ab)ut the Inv)rtan￿ of dNJital 5ki11s, and the range of supwt that 15 availab￿. A$ part of the Digit81 Povety AllIan￿'S Nat￿n￿ Ddrvery CLYnmrttee, CAST toc* part in quarterly ￿mM￿le& meth'ngs, and has been eontributing to the miss•)n anied at irM￿n9 essent￿1 dgital skills in the UK. As part of this work, CAST was invrt&l to eorth.bute to the WOFk of Future .' during the reporting perioJ, we contributed to . and co-svJned . the new Lkillg ￿, a ratying cry for concerteLI and focused act*)n lo dose the e5sentsl dbjrta skn"IL8 UK *rykfo rce. P•Je 3 CENTRE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 IAARCH 2024 As of April 2024. Catatyst i8 a separ*8 l* entity. with a rewI￿d ffmswn.. to sum technob)gy that likrates people. The ne￿I)rk of pg)ple aThJ ￿￿￿LIa1¥￿$ is fcrused cm helping UK CAX7wnuniiies shape technokgy through buikjing collectve pjww. Going forward. CAST will remain a proud pwl of the C*aW net4￿. contiiuirKJ to eolabornte on the OFen IP for Funders work. Catstysl will conts'nue to direth SUFWI initHINes, will prowde conlribukn.ons or temForary support lo others. CAST will Contin￿ to SUFPJt all inrt]atNes for rt wa5 the primary lead., will take responsilylty for Shared tligital Gu*Jes. aThJ is in 0)nversat￿ atout supwb'ng otsr initiatives prewously t))nvened by C8taPyst. Full datsiL¥ initthp5 are awlabb8 in the ProvKlin direct s to the s&tor Over the reporting perth, CAST has w(Kked dir&* with hundr&ls of sccwl impact organisatic¥)s, helping than to hamess the fijll p￿ of db3rtal - aThJ with fuThJers. partnws. dbJital s￿￿911$1S and other key stakeholdets to cr&*e an envircfflment Iha SLWOrts this. have provKled in4epth SUFWt via a nunts of Sustai￿￿. kwemi progranwnes, na￿ Deloitte Dyrtal Conn8(a. knmunity Exphye. Thgital Carry)us the Inr#)vaikin & Dgtsl Delortte D rtal Connect ￿ a prc•3rarTryne deswJned and delNerts￿ in partr￿1p with Delortte. Fc41owing successful cohorts delNered be￿*en January 2022 and April 2023. we k￿￿ed off the third co￿$rt in Novemter 2￿23. with 30 Char￿e5 arnj SLxid enterprises. lknr the course of six months, pathpants were supwtod lo make pry>]￿56 C￿ an exislirKJ w1SatK¥￿ dwjrtal thalknge by putting thwr ben8fiua￿s at the heart of the solutK)n. Part￿1Pant$ bleNJed suiwt from Ddolte ex1￿ts. the CAST tean and wal seclor peers, lo get a b*r understandir¥J of the chalkny faced by their bethrw, and to Cfeate simple but effecbve sdutN)ns to ￿ them. Over the course of 90 on&tCfrone olL8 {tMth memters of the CAST te￿ ar¥J a bank of over 40 Dek)itte volunleersl. 14 wc¥*shq)s and 14 p*r SU[P￿t sessKffls, part￿pants expbred innovative t￿hnIqueS induding user research, Klea generatjon, prototypiThJ and agile w￿1r￿. Each of the dh3ital *ds taking part a sponsor wrthin their O￿anisat￿,. the progrrne providgj speth $upwt for these sponsors. induding tsvo peer40-peer sessions Al sess*)ns, in cdLgborat•)n ￿th the Ddoitte Al Institute. The progrnmme wrapp*J up fft June 2024, aTrJ suw re5uls wwe very ￿￿Ve.. 100% of respondents stated that they feli more confident in apptyry user-centred prac#￿e$ to their research and also in undertaking user research lo under5tsnd ben*rarEs' needs. whjlsl 95lhl expressod I￿reased ¢onfmJen￿ in lealing dKJilal prO1￿t$. PositNe feeJJb&k was also rece￿￿ from the Ddoitle VO￿nteerS. with F4)st.prcgrnmme comments hKJhlighling the smooth matching eXFerlen￿. dear gcoL8 aTrJ ￿JaI settor insyht opp￿init*S - and 100% of survey res￿dents stab.ng th* they like to volunteer again. See the Dek)itte D ital Connect animation for a snapshot crf path"￿t tesb'nv)nia Ccrfnmun E is CASTS six4Th)nth Funder Plus progrnm)e of suppcrft trJ'ning to help tsjmmunty businews explore the develcpn*rrt of Cc¥nmunty T￿￿ Icpxnmunty owned dpit81 products arKI services), using user-centred design prc(esses. It is a struthr&J desvjn c4JJtse. supwt'ng participants to use trust&J tools and prccesses suth as user research, staeh)laer eTrj4tr￿nt, bdea generat￿n arKI prototyping to validate their solulty)n thas. The veNon del￿e￿￿ durirg the reputing peric4J was provhjed as part of Pcwer lo Char¥Je aTrJ Promising Tr￿b￿.5 ￿ FuThJ. was deS￿ned to wovth 5peufic and tailored SLWQrt to the parbcipating te￿. The programme Iwhth ran from Octcèw 2￿23 to May 20241 wa5 Ihrough a mix of ¢ontent and leaming experiences, induding a sew-serve leaming hub {¥￿h resources. Conlent. tcd$ and lemplatesl, peer SUFPOrt. mastefcLasses, w)￿ShOps, weekty emaib. One4(￿ coathing and pkyb*s al the en(1 of exh phase. where part￿1pants presented th￿r kaming. As the projrwnrre wrapFed. participants were ncoura ed to think at(Jul for bjrther I￿U . aryl $UFpyled lo create short wdeos setting out their solution ideas lo furhjers. Page 4 CEpifRE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Feedback was very ￿6the. wth 1C(J% crf Ccffty￿nfy Eypbjre stthng tha Ihe progranvne help&1 them increase th￿r Conf￿ in (xnying CArt uw rese*¢h to bettw uThJw5taThJ thwr ban*kgr￿s. needs and behawours. us is a 13-morth wegramme ol SUFPXt frcrfn CAST, is currentty being mlled ¢yJt for a consortium of lxganisatK￿S convened by R￿l￿ Ac*w. Tr prcgranNre prowdes part￿1pants with access lo too15, SUPPOrt and hands-on trainiry lo buihJ thwr kn* and cOnfiJen￿ wrth digital. As the programme kthd off in the suffrner of 2023. VIP publthed a ￿0U￿1n[n the r&rurfment ￿. rocess During the reporting penc*J. pa￿.￿Parrts benefrted from a b￿nd of ffK¥gules and indiwdual coxhing, covering a number of dwJital tcpu. When surveyed at the end of the preojramme, 1CQ% of part￿paTrts stated that they haj ￿arned nthy dqital aThJ desvJn thlls. and feh nvxe using nthv ways of thinking about projects. Partsapants were invited to join a series of three Al desgned ¥wI￿alty for thg ftxced mgratKJn sector, detivwed bets¥een May and Juty 21r24. In . a pn)Jrarthe dè¥ekfeJ by CAST for Sport EnglaNI, with the aim of helping N*￿nal ￿vernIng BLxlEs hame5s dNJital to improve access to wort for all - ako wrapped up during the ietmjting pericrfj lin ju￿ 20231. This was covered in depth in the prev¥)us annLo1 report." as a recap. 1CKI% of end-of-prcgramme survey recipients r￿t￿l that they ￿rned rwi db3rtal and innovation twls, skills and processes aThJ that their prC￿ will contribLrte tcmards improved engag￿ent Imth undryresented groups. See the nn part￿1panI lests'monials. In li￿ wrth our c4)mmrfrnenl to ong(xng conne£t￿n arbj Supp￿ all partvpants from these four prc#Jrammes have been invrtèj lo join the CAST ￿rtaI Le* And in keepir•J with ￿ar ¢ukn￿ of sharing open￿, many of the prcgrarnme resources have been m•Je aw1*)￿ lo the wKler seclor over 1(J) free tools are available vhq the Delortte Di ital Conned R Commun Ex lore Notwjn. than 20 bbgs have béen shar&1 on the Innovatpjn & D Majium, and a host of resour￿ EAR Al ses5K￿$ hwe been sh*trJ in a D ital Accelerator In a(hJrtth to these hJnger4gmi int￿tt￿￿￿ we a*0 con1m￿j to njn our sh￿l￿nU￿e Desi s, whth leach partiapants a stepby-step for usw Centr￿ dp3ital design. Two DesNJn Hops took p&e during the repth'ng Fer¥>J lin May 2023 aTrJ February 2cr241, of whth were open to the W￿er chanty eommunty. In April 2023, we shwj ee A￿Ct￿ of a Des in order to gNe potenb.al attendees an #Jga of vras invoW. ATh1 k4er that ye*, we ran a discovery prctess, intervEwing past partiopants to understand their experww. so that VR iterate as needed before nning the March 2024 Dwn Fb3p. Feedback frcrfn the Desqn Fkps vras [￿￿111￿. with 1(XVA frf suNey reSpC￿d¥tts sLiting that they felt more confident using a desvJn prccess ￿th1Th thar or￿l$at1￿ - 9YA ￿*Ing that W h*1 bggn able to appty what they'd leamed in thwr organi%atKffls. CAST has also been ab￿ to behind the scenes *iih vrtal CTr￿1 Org￿lSatIonS such as Tr Kings Fund and the TUC. are aLw working with LULY Faithfull F￿Jndth to help th￿ delNer their groundbwking ￿1n1 pro1￿t, funded by Ncffiinet. As part of our $uFwi we are Wing the Foundation with experimentation, inncNath)n and scalry to acceberate the vital work thvy ¢Jo lo keep children safe online. We also tsegan workirrfJ with Prudence Trust in March 2024, SUPFsI ev￿ straNI of that * do at CAST. On an crfganisatKJnal knl. we are trans arent atout our use of Al - are wothiro to SUFVOrt a w*Je range of ind￿￿JUalS and organisations a nurnber of inteNentKJns. V4È are aLso continualty sharirg Al conlenl on our Medium pLgttomi, and in ourwebsite reswr ce hth. But thi5 is jLbSt a srwshci. ¥uppryt fund*￿ e￿￿ng aNJ grrywing as we Igam mcwe atout what the sector needs. Over the re￿ling perKKI. been wthing with hundreds of charilyas, Trusts and Foundab"ons. and lechnokJgi8ts to expbye the pwcepiws. pra#w, cOr￿mS and opportunities for Al in the charty sedor. As pwt of this wk. wek to idenbfy aNJ lest drfferent supkM)rt ne&Js that help charrb.es to enp3e ￿ Al in ways th* SUPF#Yt their missv)n - v#tth Ihat's in aw'ng. usirvj or infiuencing Convenin We knThY that the role of dh3ital W can be an isokted aThJ ChaI￿gIng one.. many with responsibilty for d￿rtaI wrthin ¢hwrbes W $UPF*Yt . aTrJ yet across the charitable sec*or there exists a weatth of rich insight and gene￿￿$ leadefshp. ¥lb're keen to bring together those p￿￿e that on dvJilal prcieds and prc8rammes. so that can Sha￿ th&r e￿rier￿s, ￿h￿Ve￿￿nts arKI chalknges - and from and support one another. CAsfs ital Leads Ne￿￿rk IDLN) connects sc¢ial $￿tOr staff vLJrkn"ng cffl d￿rtaI prqects wrth each other. as well as wrth sectof exFerts. MLYe than yeats ¢)n frcrfn laur￿h, the 15 hcffle to a growing communty of 80 digiial I￿￿$, am of whom ccryletÈJ a CAST or Catatysl d*3rtal progranyne. It provKles partrApan15 th a range of resources arKI ￿arnIng Opp￿￿nrtW. i￿l￿dIng ￿ lo a netr￿rk of like-minded profe3sMals, and a Trrariety ofeMEnts a￿1 web11￿. The DLN has been the fLfUS of rn￿h xtmty during the rwrting WKMJ.. in June 2023, ￿ established a mwnb8r-18d worting group to steer the d&fttpn*nt of ￿ nets￿, and in the sawe rr¥)nlh we set up a Members Hub. o￿necting members to e￿h ottrw - ar￿ to the available resources and maslerclasses. In N¢)vember of last year. we stsrted the PrO￿S of undertakiryj a nthvort( revi￿ with a wthkiNJ group m&Je up of seven members of the nthork. The wc4kirYJ gw heJEed to devekp netsvork member user per50nas and the rthrk's USP. bers have beneffted from three onlir* ma5twckn, on Al in SeN1￿ ddNery, c￿de$￿Jnlng seThices and no code4eehnokgy. and two online meetups, centering around the the￿ of Al use Cases and d*Jrtal upskilliry. We akn organisaj the PLN n meetu in LorKlon, pky1￿ host to nv)re than 30 members. The day featured Ir￿ber spclhghts on user4ed serV￿e development and Al. as well as collective $8ssw fccusing on to buthd the neh¥ork together. Feedback was very pc6itive, with a Net Promoter Score of 9Yh. CEp¥fRE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 In addition. Bdlen. CEO at VONNE owised an Al cLYrfe[￿ in Noverrtw 2023 and inmted DLN members to share Ihelr experIe￿e. EkAmin. tlirector of Ins4hts at Calch-22, shargj the Organ￿alOn.5 use of Al at the VONNE 0)nfe￿ . aTrJ then again this year. at a ￿e1 Se￿On b Alongside the mcrfe strudured ￿rtaI N*4ryk, we have c￿Nil￿j to run nections , matching peers within the sc¢ial settor every Iwo morrths for an irrfrnl chat digrtal. Matches were m•Je in September and ￿rnber 21r23. and Febn￿ry a￿t April 2024. Earfy this year, we ran some offee with a group of Ltsers to find out why they icin￿, useful the conversations were - and how we g)uld improve the servKe. ￿ h￿e akn been e¥pk)ring the possibilty of reusing Coffee conneth.ons for 0￿r Q￿gani￿￿S that vrant to malch *aff. ¥dunleers and Serv￿ users. and are currently in the pl￿esS of n￿lIr￿j o ut a protctype *rsw)n fNtestiNJ. in inn valNed' ts. I rrA1￿tts As well as SUPFOt'ng sc¢ial Oryani%at￿S dtyecty, VR are keen to Njentify gaps in which the development of new duital prcducts or pLqtlcms C￿￿1 p* a roie in irfftasing eff￿er￿leY thr￿gh Saving social sector organisations lime, rewurces and rr￿, hel￿n9 these orw1sat￿￿S ur¥Jerstand opprytunitEs for service improvements. and ultim8lety helping oyJmrwnrtEs to a better Servi￿ exPer￿n￿. ThroughoLrt the reportiig vrtjrked wth DisTUPt Foundatb)n to research arbj a digrtal Ic that COnn￿S serv*x from mulbpbè prov•Jers. SO that refiNJees, p&jp￿ seeking asylum and mgrant$ can b8 signposted . or direth referr&l . lo the right SUFWt The dNJrtal sokrtKJn was designgj, developgj and tested wilh professionals arKI Yc4unte￿v￿￿kn.ng on the frontlire. and wrth refugees and pecple $08king asylum. We a￿ delighted to S8y that, after arourKI a ￿ of proJuL* dthEkwnt Ir￿bat￿l￿ by CAST. this tool is nc INe in bets fom. Naned Kom i (after the 'univeTsal WJuage' Esperanto lemi for.¢￿PaSs). the platfom) featu￿ a public seThKe diT￿tory.. S￿r￿c}sting 10015, Wbth a prNate kg4n pw3e a￿eSsIble lo referral organisations to make safe ar¥J effi￿nt referraLs. As part of thi$ w(xk, we're working dosdy wth Disrupt Foundat￿ to develop a path to sc* arKI S￿Sta"n￿l1ty. nin GrantAdvisor UK rolled ¢yJt as a peThnanenl seThi￿ in May 2023. Th8 free pwomi enwurages open dialogue betsveen UK setial impact organi&*￿S arKI grantmakers, by colleth.ng aLrthentic, rea14ime rwews atHI c¢)mments on grantseeke￿. eXper￿ncts of wo￿ng wilh fv￿Je￿. In the fitsl year sirKe laurKh. we been ¥thiry hard to ravse awrdreness aL*)ul the Se￿iCe across the fiJrKlraising cunmunty, in order lo grrM the number of revievo. This was the th￿ne of our W￿0￿$h an su uent bl ttafs Di on prorrtr)b"ng Ihe service to fvnder5 and buibJing relatKfftshwis ￿ those alre& supporting tr*m lo build their bank of revEws, ref* ￿ wh* they r esp)rKI lo revws. In the earfy part of this year, we carr￿d oul reswch with fundws who We￿ Succ￿￿1￿ gathering in order to urKlerstand what w w(￿king well aThJ whal coukj be finessed. We used Al lcds to anatyse funders, anonymous reviews on the pwomi, Cor¥j￿ cO￿h1￿ cals lo ur￿e￿$tand hr￿ they were using the insights - and whal IW V•wld gTr￿ to funders aTrl furnjraisws eons•Jering sp3nirKJ Ltp to the platfom. qtform aThJ created a series of animations to We published bl)gs from 8￿h fvnder on our Medium ￿. $ho4¥case h￿hlIghts fr(Yn the inteTh*••S media. From the point of Lqunch in mKI-May L8sl year until the end of March this year. tr* site has attracted 5,900 unK4ue visitors and 22,tM) p4e vie4VS. 16 new funders have wistered. bringing the total up lo 35. and the site now contains m(¥e than 51J) athentic afionYrr￿￿ CENTRE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 howca CASTS iden and The C*atyst Iransitb)n has gNen eVeryOr￿ al CAST the OFPYtunity to ¢)n 811 that we have achwed over Ihe past nine years . as ￿ cekbRte the fa# that V•e h￿e created. imibated aThl helped to transrt*)n something that wil folkx its o•m imF*Jtanl path, so we aL%o sharpen our frKus on supporting the sector to devekp its capacty and capatilty. To this end. we have been makiThJ a consuous effort to impfove vis￿11￿ and awareness of CAST, so that our sutport can reath a$ many individuals and organi&ith)ns as p￿ble. Central to this storytelh'ng has been our MediLwn ￿. whth ￿ as a hLb to wture beamings, rel￿￿)nS arKI adV￿e from all those wrthin the CAST ￿Mff￿nty. reFJ, 42 artI￿S were publishejj, cdlectivety attr*ing m¢ye than 5,5W vivhE. We're openty sharing more slories about CASTS w(wk . directty from the smaH but mKJhty CO￿ team invofved in pro3ramme ddNery. as wdl as fr(xn t￿ in SUFvJts'rwJ ro￿. During the rep)rting perK*J, nine of the wrote and submitted M&Jimi artKles, troics including Al eyEaimentath)n, CAST staffs Al Tech Jam. dwjrtal c¢>projuct￿. pitching for T￿h for (knj funding, CASTS theory of change. wse and open working, duital indusK)n, prc*JurAive phl￿thrcW, the resuhs of our Al survey - arKI posl-pfc*Jfdmrr rel*th)ns from partKipanls on Debitte D•Jital Con￿￿ the Inrnvat*)n & DvJrtal A(zelerator. We also ran a senes of Q8A pl￿ intrc#Juciw the CAST t￿m. We have increas&l ow pmerte at sector e￿ts. We$￿ing at. arwj sharirwJ inSbghts from the Third Fundraisin Summit Cha ISat￿nS Netswjrk North East s conference and AGM. a Nat￿n* Ldt maan mm . 05 well as ddNeriro infomwl Lunch & Lthms on A to thfft Trusts ahj FouThlatKJns. We launched a n in November 2023 (de￿￿0p&s in line wrth u g¢g}. and we continue to share regular p￿15 across our popular X and Linkedln channels, prorTh)ting nwi Opportunit￿$, bbgs, news and events - as well as linking to evergreen content and resoUr￿S such as our Di Princi les. ThroughoLrt the rewting perKKI. we rea￿j rrnxe 40.LN)O peo* with our prcgr8mmes, initiatives, p8er grcwps, event Presentatws. pktl0rTh￿ and resources. As we move foThwar(I, V•* are buikling on the Vthwlth of ￿ testinMias to futher strerythen c4Jr preser and support, with a brand nthy news￿ f￿hing thtrjsands of o￿anksat￿s', pub1ut￿n of an In￿￿pth Q&A on our path ahead. and th beginnirg on a Cent￿1 hub to hosi eywiments. resources, (xffllacts and trusted lcds for the sector. Page 8 CEIfflIE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY REKIRT OF THE TrUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRATEGIC REPORT Financlal revle Flnanclal poshlon Results for tho year Totsl income fr)r the year was £1.7m. E4￿dIture of £2.2m ty￿uded a plarrnd deficit of £50(*. ExpeThJiture includes £130k of ￿strict￿l funds for C*fyst trdnsferr&Y out of CAST to the ne*Ay estsblished Catalyst CIC. The Trustees m•Je fijrther pknned commrtments of rEserves duriThJ the year for charitable actwibes, induding devdoprrent around enwing dvJrtal technobJie5, gNen the strong re5eNe thls of the chanty. Free reserves are £185k at 31 March 2024, in lir* ¥￿th the rese￿ pdry. aThJ represenbry a Tc￿USt basis for continuing devek)pment arKI delivery during 2024r25 teyond. Expenditu￿ exceeds ine4)me due to reserves at the start of the ￿ hz4ing exceed&J CASTS target level, and fvnds therefore being us&J on further de￿ment of charrtabk actmties. Reserves of £18￿ at 31 March 2024 represent a robust basi5 for wnknnuing aTrJ delp4w ￿ring 2024r25 and t¢yond Incomo Totsl inc#Jffle of£1.7m i%just over telcw in 2022f23. Intome for Catatyst t￿p￿tsed grants frc¥n Paul Hwntyn Foundat￿￿ of È22(k, City Br￿e Tnt51 of £231k, and The Nat￿￿ Lottery Communty Fund of £594k. Non£atatyst irKome ccryrwj £2%k of grant funding frryn the Disrupt Foundthn, service inwne of £18(1(. a donth.on of £100k frcffl Deknrtte (p￿￿ on to pa￿"pants in the Delortie DvJrtal cOnn￿t progranvne as grants of £5k for e￿h pw'ng organisat￿nI. •KI a numter of walkr granls. Expendlture The chwity's primwy expernliture 0yrtin￿ to be irurr&l ¢)n supwt'ng dMiit*s and sctd enterpri￿ lo improve th￿r se￿￿ wrth dNJrtal le￿￿￿79y. ExFendrture on d¥rtal cap• d￿eknprnent was £2.2m during the year, indudirYJ the £130k funds lrnnsferto the Catayst CIC. Of this eXpendrtu￿. £328k was paKY out as direLt grants, and £945k vras Wt on subwntracted dyrtal suFp)rt provided by extemal patnefs. In athjrth￿ lo the durtal capxty devdoprrEnt cos15 we incurr&J £375k on Sup￿ cosls and £21k on fur￿l￿j ReseNes pollcy The Charity has a l￿k.baSed reseThes The n6W 4)proach enlals assessr&% the ijeal ￿SeTh￿ thrtxffjh revithv ofa number of key elemènts. These eknnts at present Iexd￿ry funtsl *e:. Any funds ￿1ved as tim￿l￿rt￿, unrestrthd ha* yet been spent A basic wcfking capital buffer, equ￿b￿￿t to one rrnnth'5 cferab.ng Lx>sts- thi5 is not to cover k>55 of income. but simpty a timirYJ buffer Potential kjss of inccfjne cover- this *ill refied the i￿￿ne pipe11r￿ at the p(Mnt of annual budget finalisaticfi, on a risk basis. wrth no cover need&l for 11)YA certain then 11yA wver needed for I￿orne induded in the b￿get wth a 90% likd1￿(￿l, etc. Potential unfofeseen cost incc￿￿- this eknwl Wbll te hardest lo estimate. but will te assessed on a risk basts known risk areas- for exarnp￿, a risk 0faddtt￿l costs relth.ng to the FK)ssib cata￿$1 Iransrt*Jn, orthe excess of insurance poI￿leS These are caJrnuktNe. i.e. athjgj to give a t(tsl res¢￿e5 rwuirwnenL within a margin rf+1- 20%. Applying this irKI￿teS a reseNes target forthe ywend of£218,WO. Actual reserves are bel￿ this thl. bLrt wthin the 20% Tange. This 15 o)nsMJe￿l reasonable, especial gNen the lev81 of confirm&J incw* for 2024r25. P4e9 CEKfRE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY REPORT OF ThE TrUSTEES FOR THE YEAR ENDED 31 IAARCH 2024 STRATEGIC REPORT Future objectives and pIafin￿ actlvltles G4ST will continue to foujs on ac£elerating the Prese￿ arwj Influen￿ of S￿la1 impact organisations in the lechnok#3*S that affect us all. have a parbtsjkr fctus on hN e￿rgir￿j techr￿81es, suth as generatNe Al. can be used by thantEs to bring abcmjt F*)sthe ￿181 change. To foster greater agerw wst cl￿1 ory*isthis wèll continue to Create, delwer and scale intervent￿n$ that develcp sknlls. capot4'lrti8s, rglaknshp$ aThJ opportunrtw for thos8 workiThJ wthin S￿la1 impact organisa11￿$. We'll ¢￿inUe to fr￿$ on SUPFthng organi&itions to their durtal skills, as well as their use of design and data. Vk'll put rewwed f(￿5 on supporting ch¥ilw lo respond to new arKI emerging teChTh)krfJ￿ aTrJ ensure have the skirts. uNje￿t￿1ng and expelw￿ to use them. Devekping the pres￿ of soaal owiSat￿￿S in tethmbgy ains to ensure the Vall￿ of ciwl society are en￿dd￿ within doital teds. IAÈ'II c0nknn￿ to surpm scoal iffyact organisati)ns lo devdc digital services and products", we'll continue to in(￿bate techmkyJw and initiatives that hdp to create the digital infrastructure for CMI sccty, arwj *E'II o)nt￿ue to f￿u$ on grtr4mg the use arrtj reuse of open. sector and communty r)M￿d technokjgies. Ensuring ￿ra1 impad oryanisatv￿s have greater inftL￿n￿ aTrJ reach will be ¥hEved by conlniuing lo $upwi the grolth of the Durtal LewJ$ NelvAyk'. conneLting avTrl SC¢￿ organisth.ons wrth OFVortunf(￿S to infomi business and governn￿t, and conbnuirvJ to defver products like GrantAdvisor to create feedb¥k Ic¢)ps and Share inswJhl. ￿ recry3nise th* disruplNe t￿hnO￿)3•eS. such a5 generative Al, place even greater importance on the voKe arKJ infiuence of iivd sfyidy to ensure just￿e aThJ faimess are c8nlTal to the impxt of t￿hn0￿g￿. As CMI society organisatK￿S rebui￿ frryn the pa* years aThJ addr￿ the cost of Imng crisis. we'll continue to work towards our Charitab￿ c*4edNes by ￿celeratIng the agercm. presen￿ atKI infiuence of swal impact oryanisations in the lechnobJies that affect us all. Detsi18 off￿r path aheaj can be ftyJr#J in this STRUCTURE, GOVERNANCE AND MANAGEMENT Goveming docum•nt The charity is controlled by its wmiry d￿ft￿rt, a deed of trust, and COnstrt￿ a limite(I conyany. limited by guarantee, as defined by the C(mpanies Att 2(Th. The chanvs trustees are also dKectors and mwnbers oflhe c(ryany. Page10 CENTRE FOR THE ACCELERATION OF SttIAL TECHNOLOGY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE. GOVERNANCE AND IAANAGEMENT Govemance CAST has app(xnt8J trust&s that bring a strorwj under5taTrJry of the pthtial of techrKJIcgy lo address ￿￿la1 challenges. The names of the trustees who seNed during the Fer￿ were as follv•VS'. Professor Kerensa Jennings FRSA. Emma Thcffias. Mary Md(enna MBE. Llyd Jim KnvJh[ Lara Bums, Kate Collins, Gaia Ine5 Fassè, Prue Quarcoo aKI R￿lha. Current trustees {as of Septwnber 2￿24 } are as fol￿￿.. Emma Th)mas. Lara Bums. Kale Collins. Gaia Ines Fassè. Pn* Quarw) aNJ Pema RaJha. To aby the effecbve goNwnarKe of the charty. we also operate a Finance and Audr( committee with ddeg*ed authcyity as set CMJI in an agr*d SCh￿e of De￿gaI￿)n. Ihfjth huge thanks aThJ gratitude, two of our fryjndng Trust*s, Lord KnpJht and Mary McKenna MBE stepped at the end of their 9 year ￿letshIp of CAST. Hawng Se￿ed on CASTS Board for three yea￿. induding one year as Chair, profes￿ Kerensa Jenniros aLso stepFeJ the Board. Each of these Iruslees has played a huge rc4e in supwt'ng aThJ ex1ending the irrpact of CAST, for which we are all incrgjibty grateful. In earfy 2024 we undertc(th a GO￿nan￿ rv4ivw to respond to the Catatyst transithjn, change5 to the Board membership arbj CASTS renvhBJ strategy. The ofthis revi￿ and a folkym.rg skills a￿111 was.. to move to a snBlbw Board ￿￿1 lfrryn 9 to 6 Irustees by 2W251 to reuurt ￿ new trustees that brC￿ht finance Al eXp￿r￿e in parti￿19r to create and better utilise exwb.se of others ¢xrtsth of the Board establishing cntul fr￿ndS for key areas and InV&￿nI of the Dyfal Leads Ne￿. The Iruslees are ¢omitted to e￿uring th* the Board has th8 ￿r￿)in0￿1 of skills nwsary to support the effecbve provision of xcess lo capital lo ¢harit*s arvJ s￿)01 errterprises. In p￿u￿, the Board of Tru$t80s indude$ skills and eJFertise in the frJlbwir¥J areas.. durtal and s￿101 Innovat￿n. ¢hanty and sccial enterprise. grant.n￿k1n9 a￿1 scoal investnwt. financtal and risk manageff*nL The 80￿d Iw the Charity Govemance Ccth ensures c(￿PI￿nCe through wuL4r revw. Page 11 CENTRE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY REPORT OF THE TRUSTEES FOR ThE YEAR ENDED 31 IAARCH 21ll4 STRUCTURE, GOVERNANCE AND PA4NAGEMEKr Risk managomgnt The trustees have a dijty to Klenlfy and fevw the risks to whth the charty is exp)s&d and to ensu apprcpnate contrds arn in p*e to provmje assUra￿e against trd￿ and effor. The Board of Trustees systemth.edty revie•VS risks faeed by the Charty. Tevitrmng the detail&J risk register on 8 qUart￿Y basi8, With a strong nsk management prece￿ tn pk*e where related risks are identrfbj record￿ and can te esc7lated to the mary1￿ and trustees where appropriate. The key risk5 tti the Chanty a￿.. Longer temi fundlng rlsk fov CAST - partlculaty ag estsbllghed Ilnkg to C•latyst funders change wlth transltlon. Vk a￿ eworing new ffijrhlers for CAST, part￿￿1￿Y k¢kirvJ to ests￿l5h hjng term {NJealty cxjrel funding and have alrealy stsrted workirBJ Imth furKler3 who are new to CAST. We are fijrther mtyab.ng this risk by irKreasing our focu$ on generatirg inccffie frcffi sefvice delNery. Workforce **llbelng. hyperproduc￿¥1ty and twrnouL Vk rely on a talented and deduted team lo ddiver CASTS arr*rtNJu$ straw, as suth rt is vital that we have the ri3ht skilLs. experien￿. ways of workj.ng aTrJ well beirg. CASTS HR arKI wellteing fUnth"c￿ is in p￿ce to better assess where staff are at erTrjt￿nalty. Strong prged manynt and ways of working are in pl* to ensure eff￿ler￿ and kn ajmin h￿¥y work. The development of new WellLEing Polry contribuies lo suppybng this. ab)ng$wJe regular revp•VS of our heatth and weware p￿￿les. Balancing crilical and proactive approachos to supporting a $￿tOr response to Al. The speed and Sca￿ of devekpments in GeneratNe Al greater i￿￿OrtanCe on CASTS strategy. To respond appropr• to this speed arKI scak. CAST must strike the nght baL8fi￿ in our SUPF*JVengagement wth Al. Al offers krts of cfv￿nrt￿S but abo hvJhluhts eth￿1 and soaal chalkenges. CAST will conb.nue to undertake deep wcffk, create REFERENCE AND ADMINISTRAMVE DETAILS Registered Company nurnbef 09544506 (England and Wa￿) R•gister8d Charity numb 1161998 8roul Cottage Bath Rowj Nailsworth Slroud GlOucesl￿ShIre GL6 OQL Professor Kerensa Jennirgs EmTna Th¢)m8s ary McKenna MBE Kathryn Collins Gal&1￿$ Fasso Prue Quarcoo Pema Radha Lara Bums L¢xd Jim Knb3ht (Chair until 9 January 2024) (Chair from 9 January 2024) {resgned 30 June 20241 (apFQintgJ 25 November 2020) (app)int&J 25 Novwnber 2020) (apFxirrt&J 1 Marth 2W211 {apwint8)J 25 M)vwnber 20201 (apwint￿ 25 Nov&nber 20201 {resKJned 10 2023) P￿12 CENTrE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 REFERENCE AND ADMINISTRATIVE DETAILS Audllors Gibson ￿hitter Limited Statutory Auditors Larch House Parklands Business Park Denmead Hampshire P07 6XP B•nkern Unity Trust Bank London IB3LN STATEMENT OF TRUSTEES. RESPONSIBILMES The Iruslees (who are also the directors of Centre for the hueleration of knial Techr￿logY for the purposes of company lawl are responsible for preparing the Rep)rt of the Trustees and the ffinancial statements in accordance with applicable law and Unf(ed Kingdom Accounting Stsndards (Unrted Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial stalements for each financial year which give a true and fair view of the stale of affairs of the charrtable company and of the in¢))ming resources and application of resour￿, including the income and expenditure, of the chaTitabte company for that period. In prepanng those financial stalerrEnts. the trustees are required to Se1￿ suitable accounb'ng pol￿eS and then appty them ¢onsi5tenty: observe the methods and principles in the Chanty SORP; make judgements and estimates that are reasonable arKI prudent prepare the financial 5taterrEnts on the going concem l)asis un*s rt inappropriate to presume that the charitsble o)mpany will conb.nue in business. The trustees are reskKJnsible for keeping proper a¢o)unting records whth dixlose with reasonable accuracy al any lime the financial position of the charilable Company and to enable them to ensure that the financial statements compty wrth the Companw Act 20￿. They a￿ also ￿sponsible for safeguarding the assets of the charitable company and hence for tsknng ￿SOnable steps for the pwenlion and detection of fraud and other Irregukrit￿s. In so far as the trustees are aware.. there is no relevant audrt infomwtb)n ofwhich the tharitsble company's audrtors are unaware,. ar the twstees have taken all steps that they ought to have taken to rnake themselves aware of any relevant audrt infomation and to establish that the audrtors aTe aware of that information. Report of the tDJStees. incofwating a strategic report approved by order of the board of trustees, as the company directors, on 24 September 2024 and signed on the board's behalf by: Ms E Thomas - Trustee Page 13 REPORT OF THE INDEPENDENT AUDITORS TO THE 1￿mBERs OF cEl￿RE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY Opinion We have audfled the financial slatern￿ts of c￿ for the Aeteleratth of Sctial Tethnow {the 'eharitable companl) for the year ended 31 March 2024 whth c4)￿￿￿ the Statryt of Financral AGlivf(ies. the Balan￿ Sheet, the Cash Fk￿ Statem￿1 ncles to the financial statements, induding a summary of s19nrf￿nt accounting pcAitaes. The finarKd rwting fram&h￿rt that has been apph.ed in their preparat*)n is aFpIleab￿ la•V and unit￿ lfjngd(xn AccoLbnting Standards Iuniéed bQngthJn Ge￿ralty Accepted Accounting Pfacticel. In our cyinion the finanaal Statel￿nts.. gNe a true arKI fair of the state of the thwitabl8 affairs as at 31 March 2￿24 and of its incoming resources and a￿l￿al￿ of Tesources, InCk￿lng its ityrn e¥per¥Ji(ure, for the year then . have been propety prepargj in V•ilh Unitwj Generalty Ac(Wed A￿ountIng Prdctice" aThJ . have been prepargj in ￿rda￿e with the wuirer￿ts ￿the CL•))pan*s Act 2CrfA. 8a$is for opini¢ We cOndUd￿ ow audit in ￿dance with InIematKY￿ Starxlards on AuthtTh)g (UK) IIS4s {UK}l and applicab￿ law. Our respon$ikn'I￿eS uThJer those standards are further described in the Auditors, responsibl1rt￿ for the aLKtrt of the financiJ *atem8nts Sec￿￿ of our report. Vle are indeFendent of the charitable conpany in acoydance with the ethKal requirenB)ts that are rejevwl lo our aLKIi( of the financial statements in the UK, induding the FRC'S Eth￿al Stan¢Jard, and we have fulfilled our othef ethical responsibilitEs in accordance with these requirenwts. We belwe that the audrt evthnce we have obtained $LrfficEnl aThJ apprcpriate to prLMd8 a basis for our cf4nK)n. Conclusions rolating to going concarn In audrting the financial statements, we h•E ¢orKILvJwJ thal the tr(￿199$. LLse of the gL¥ng corKem basis of 8eeounb.ng in the prepath.on ofthe fina￿la1 statements is w>rcpriale. the work we have perfryrrnd. ￿ have nL* *jentff￿ any material Ur￿rtalntie5 rel*'ro to events or condrtions that, IrKI￿l￿￿a1IY or colWNety, may cast S*3nthnt doubt on the tharitable corrpany's abilty to continue as a ￿r￿a concem for a perKKJ of at least rn￿th$ from the statements are authorised for issue. Our responsibilit*s the respcfflsibilrfies of the trustees wilh re5￿t to gryng concern are described in the rekvant sthins ofthis IP￿t Other Infommtlon The trustees are resFwisbk for Ihe 0￿r infcMm*n. The other Inform￿ corwir¢ses the information induded in the Annual Repcwt. otsr than the stal￿ts arnj our RekKMt of the Independent Auditors Our opinion on the fmanC1￿ statenwts dces not o)ver the other informatx)n and, except to the exlent othuwise ey41K￿Y slalwj rb ow rep)rt. express ￿Y fcrfm of aSSura￿e o)tKlusion tr*reon. In connth wth our audrt of the financral Staten￿ts, our respmsits'lty is to read the other infomatp)n and. in dc4ng so, consider whether the other infcffiwtp)n is matenalty i1￿)nsIstenI wrth the ffinanc￿ stslemen15 or our knThYbJge obtsined in the audit or ottrÉTh¥tse appeats lo be materBIty misststed. W we idenlfy such material irKonsislencies or app*ent mat￿la1 misstslements, ￿ a￿ requir&J lo determine whether this gives rise lo a nwterial misstatement in the financial statemerts thernSe￿es. If. based on the WO￿ we have perfom)ed, we conclude th* the￿ ts a maten.al mLSStatemert of Ihi8 cther infonTth. VR are r84uired lo report that fact. have nothing lo re￿t in this regard. Oplnlons on other matters prnscrlbed by the Companies Act 2( In our opin￿n, based on the V•tJrtt urKlertaken in the course of the audit.. the infomiation gNen in the Rewt of the Tnjstees for the finwKial yw for wh￿h the finan￿al stalemgnts are prepared is 0)n￿$teTht wrth the financHI statwwts.. aThJ . the Report of the Trustees has teen prepar&J in accord￿ wilh ap￿￿*19 kgal reqUir￿nts. Page 14 REpoKf OF THE INDEPENDENT AUDITORS TO THE 1￿MBERs OF CEp¥fRE FOR TrIE ACCELERATK)N OF S￿lAL TECHNoL(￿y Mattern on t*thlch we are rnquI￿d to report ty excertlon In the INJhl of the kno•4bJge and underslandiThJ of the dwilable conw and its enwronment (￿taIned in the We have Tr￿h1ng lo replxt in respwa of the frAkv*iThJ m*lers the Cc•))panies Act 2CK6 ra]uires us to report to you rf, in our cpIn￿.. adequate accounting records hale been kept ￿ thms adequate cmjr have ncrt been receNed from branches not by us". ¢ the financial statements are rKé in agreemèrt with the ￿l￿nts'r￿J and retums.. or . certw"n dL8closures oftrustees, remunwation by Lw4 are not r￿.. we have not receNed all the inforrnth aThJ explanabons rw]uir8 for our audiL Responslbllliks of trnstees As e>yain8J fulty in the Stslwt ofTnjst￿. ReSp￿s￿lI1￿8$. the truslees Iv*ho are akn the direclors of the chantable coMp￿Y for the purposes of ctjnpany l•vl ate reSP￿sIble for the preparat*?n of the financral statements and for beir¥J saty"sfied they gi￿ a twe aThJ fair viww, and for SLth intemal control as the truslees deternine is necessary lo e￿3ble the Preparat*￿ of ffinancAal stsleryenls that are free from material misstatement. whetherdu8 to framj (Y error. In preparing the finanaal stateme￿, the trustees are resp￿SIble for assessing the char5table companys ability lo continue as a g¢ing Co￿eM, disckJsir¥J, as wltsble, matters related to gcing con￿rn and using the going cOr￿M basis of accountirKJ unkss the tnJstees erther intend to INuNJ* the charitsble company or Page15 REpoFrr OF THE INDEPENDENT AUDITORS TO THE PEMBERS OF CENTRE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY Our responsibilities for the audlt of the financlal slatem Our objectives are lo cblain ￿SOnable aSSUrar￿ atout wWer ts financia SlateM￿ as a a￿ free from material misstatement, whether due to fraud cy error. aThJ to issue a Report of the Independent ALbJitors that includes our opinK>n. Reasonable asSUra￿e is a hvjh *1 of assurance, bLrt not a guarnnlee that an audtt condurted in xcordance with ISAS IUKI will aws detecl a matenal M￿teMent when rt e￿Sts. Mr6$tatements can arise frC￿ fra￿￿ or efftx aThJ are i))nsider6I material rf. indiv*Jualty or in the aggregate, they reasonabty be expected to infi￿rKe the ￿jncffi￿ d&15￿S of users taken on the basis of thes& financial statements. Tre extent to thich our woc8Jures a￿ ofdet&th"ry iwularitw. wKludirMJ fraud is ddaiied behjw. Irregukril￿, induding fra￿￿. are ir￿L*￿S rA rK￿￿￿p1ra￿e with Lw*s aThJ rwJuktions. W8 deswjn prc(£dures in line wth our responsitx"lths, outlined atrn. lo dtht material misstalwnents in ￿pect of irreguIarrt￿. irduding fraud. The extent to whkth our pr(Kedures a￿ capable of detecting irrèaularities. ￿￿Ing fraud. is dth'l&Y behyw. 8as&J on our understanding of the thWi1ab￿ and i4entif*d the pnncipal risk5 of non-complian￿ wilh laws and regulat￿S related to b**s of employment Ivw, data protection and anti-bribery and corrupt￿n legislatb)n. and V•E considw&J the extent to whth nonilty into our wdit testing. There are inhererrt lirnitations in the audit prc￿ures de5ryited atove. We are less likety to beojme aware of instsnees of nonsts Olher pensK)n cc61s 688.578 73.551 35,518 672,926 70.OC6 33,318 797.647 776,250 The average mnthty n￿ber ofempws durirvJ ts yewwas as folbws: 31.3.24 31.3.23 Charitab SuFPOrt 11 11 The numter of eThpbyees wth05e beneffts lexduding Fen9*￿ costs} exce*J £60,000 was.. 31.3.24 31.3.23 £60,CN)1- £70,OC(J £￿,[￿)1- £100.000 Pag8 27 continued... CENfRE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY NOTES TO THE FINANCIAL STATEMEpifs- contlnued FOR THE YEAR ENDED 31 MARCH 2024 12. COMPARATIVES FOR ThE STATEME1￿ OF FINANCIAL ACTMTIES UnrestrK*ed Reslrictvj fvn¢ts ftsnds Total funds INCOME AND ENDOWMENTS FROM t)onations and legac*s 13,250 85,CiJJ 98,250 Charltable acllvltleg Digital cap* devekffl 480,378 1,469.151 1.949,529 Total 493.628 1,554.151 2.047,779 EXPENDITURE ON Raigng funds 21.043 21,043 Charitsble activitses Digital capa¢ity developm& 529,836 1,468.589 1,998,42S Totsl 550.879 1.468.589 2,019,468 NEf INCOMEI(EXPENDITU Trjnsfgrs bgtwwn funds (57.251) 18.938) 85,562 8,938 28,311 movement in funds {e6,189) 94.500 28,311 RECONCILIATION OF FUNDS Totsl funds brought fcrfward 688.693 5.500 694.193 TOTAL FUNDS CARRIED FORWARD 1￿,0￿) 722,504 13. TANGIBLE FIXED ASSETS Plant and mxhinery COST At 1 Apth 2023 Addi(ions DisrM)sals 8,261 2,166 1.7091 At 31 hAarch 2024 8.718 DEPRECIATION At 1 April 2023 Charge for year Eliminabl on dtsposal 3,747 1,410 (￿) At 31 March 2024 4.591 NET BOOK VALUE At 31 March 2024 4.127 At 31 March 2023 4.514 Page 28 continued... CENTrE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY IK)TES TO THE FINANCIAL STATEMETr￿- contlnu•d FOR THE YEAR ENDEO 31 MARCH 2024 14. DEBTORS: A￿ul￿rS FAWNG DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade debt S8,￿0 48,893 52,800 2Sfj,008 1C6,893 308,808 15. CREDITORS: Amoupifs FALUNG DUE WITHIN ONE YEAR 31.3.24 31.3.23 39.328 102,383 VAT ot￿r credrtors 228.(68 1￿,010 313,244 301.193 Deferred income 31.3.24 31.3.23 Baknce brought for￿dId mount rel&ise to incorrung resourc85 Amount deferr&J in the year 13,243 113.243) Balance carried fcfiwwd 16. ANALYSIS OF NET ASSETS BEfwEEN FUNDS 31.3.24 TLXal funds 31.3.23 Total frjnds frjnds nds Fixed assets Cufrent assets Current liabilrt 4.127 482,526 (313,244) 4.127 494,664 1313.244} 4,514 1,019.183 1301.193) 12.138 173.409 12,138 185,547 722.504 Page 29 rminued... CENTRE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY NOTES TO THE FIIIANCIAL STATEMENTS. continuod FOR THE YEAR ENDED 31 MARCH 2024 17. MOVEMENT IN FUNDS At 31.3.24 At 1.4.23 in fvnd$ Unrostridod funds Ger*ral funds 622,504 1449,0951 173,409 Restricted funds Cty Bridge Trust Power to change 11XI,CK#) (100,(MIOI 12.138 12,138 1C(I.(M)) (87.862 12,138 TOTAL FUNDS 722.%)4 1536,9571 185,547 in fvnds. indud&J in the atr￿ we as fc4kMs." Inccffiing Resour￿ Movement resources expended in funds Unrnstrktod fvnds General funds 347.157 17%,252) (449,095) Paul Hamtyn Foundabon Cty Bridge Trust TNLCF- Gr¢Mng Great Id Spfxt England The Disrupt FoundatN Power lo change 220.000 230.8(K) 593.736 30.177 255.738 25.250 1220,000) 1330,800 1593,736 130,177 1255,738) 113,112) (100.000) 12.138 1.355.701 11,443,563) 187,862) TOTAL FUNDS 1.702,858 12,239.815} 1536,957) Comparatives for movement In funds Transfe At 31.3.23 At 1.4.22 in fuThJs fvnds Unrestricted funds 688,693 (57,251 } (8.9381 Restrlcted funds City 8[￿ge Trust COM￿ Rdief. Expjr 1LKI.O 114.438) 1(M).(x)o 8,938 85.%2 8,938 1OJ.000 TOTAL FUNDS 694.193 28.311 722.504 continued... CENTRE FOR THE ACCELERATK)N OF SOCIAL TECHPIOLOGY NOTES TO THE FINANCIAL STATEMENTS.u*nth)ued FOR THE YEAR ENDED 31 MARCH 2024 17. MOVEMENT IN FUNDS- continwl ComparatNe Move￿ in fvnds. irhthded in the WE as Irthming Re50urces MoNEment resour￿ expendwj in fvnds Unrnslrlcted funds General funds 493,￿8 1550.879) 157.251) Restricted funds Paul Hamtyn FoundatL Cty Bridge Trust Rel￿. Expye Fiddty Ddoitte DvJtsl ￿ne¢1 TNLCF. GrowirvJ Great kleas Sport England The DIY￿ FouThJatw)n 230.0 2C(J,O (230,C(JOI (100,OJOI (14,4381 (265,CQOI {85,0￿) (500,CthI (260,8231 (13,3281 1￿,( 114,438) 85,000 S￿,000 260,823 13.328 1.554.151 {1,468.5891 85,562 TOTAL FUNDS 2,047.779 12,019,468) 28,311 Paul Hamlyn Foundatlon This grant is to supw1 the ¢J)ntNiued devekwtwrt of the Catatyst. Spthalty, it WI￿ enable the Catstysl to ga￿anISe a cr05s4ector networt in PTOVKlirMJ d￿rtaI SUFWrt to voluntary aThJ charitable organisaiions across UK The Nadonal Lottffji Communlty Fund Icalafyst) This fundiro frcm TNLCF was pThidèJ so that the Catatyst nthork ￿Uld wntinLE to help cNil society organIsat￿$, induding small and medium sized groups. embed dvjrtal across their pradice, reSp￿d to tr* n*Js (A usMs. be nKrfe resilient in the kn oftechnobgul change. Clty Brklge Trust This grant was provKJed tcmards the London ekn*nts 01 the eontinuing devekynent of the Catatyst nehyotk, whth will make CMI more r￿lient by errb&Jding d￿lIa1 in their Straty, semces and govemance. The Nalk>nal Lottery Communlty Fund (TNLCFF Ser Funding lo compl￿ent the af0r￿ne￿￿￿￿ EDA to pwde dhjilal, dala aThJ design 5eNices 10 support nonwoffts as part of The Nat￿nal Ldtery Ccrfrwnunty Fund aThJ Catalyst Digital Comd Comic Rellef . Explor• Earty stage dpjital funding ard talk￿ suK*Jt to h* expbye dvJrtal 5wwce delwery challenges and protctype solut*Jns. D￿(￿tt• Dyital Cmnect This programme was a ne* pa￿￿ship wrth Dehjitte UK. Tc*Jether we supported 28 charty digital lo leam and thrwh a muttrformgj SUFPYI offer. This ¢)ffer hdF¢d th￿ and app nthy skills ar￿ piths lo their own d•Jrtal prC￿ts. Sport England This g￿nt is to deS￿n and delNer an Innovatwjn and DvJrtal A￿lerator to Supwt Sport Nat￿1 GovemirrfJ Bc*Jies lo amplfy th*r l&J￿Y ambIt￿nS assc¢thJ with the &'miingham 2022 Ccthmomveatth Games. The grdfrt enabled CAST lo SUFWrt and resources frjr NGBS and Ihg wKJer srtiting sectorto t*￿T use of dutsl. dala and dwn. Pa9e 31 conbnued... CElmlE FOR THE ACCELERATION OF SOCIAL TECHNOLOGY NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 IMRCH 2024 17. MOVEMENT IN FUNDS- continued Disrupt Foundatlon This grant is lo deveky a scaL*Ae and reusth digital pl￿￿v¢t set of digital products) trÈat ca support CMC society organis*ions to Overc￿ sha￿1 Chal￿ in providing better a¢￿$, 5UPPOrt and seNices to mvjrants aNI I￿￿e seekn'NJ asylum. Power to Change Our c￿munrtY Expkne ￿vramMe SUpp￿ted 20 LyJrThnunty businesses ¢Mr six monlhs to defve into Communty Ttth usiro a uw-eentred. lest41ri￿1 desvJn approxh. Thi8 work was part of the Power to Chawe thscaw FurKI. 18. EMPLOYEE BENEFIT OBUGATIONS The Charitab￿ company operates a defin&J Contr￿￿K)n pwsion ￿heff￿. The pension costs charge represents Contribut￿n$ payable by ￿ chanlth oyry)any to this schm and amounted to £33,318 131.3.23.. £37,752) There was £10,224 of outstantlirg contribultjns at 31 March 2024 131.3.23. £8,W391. 19. RELATED PARff DISCLOSURES There Vlere M reW paty tsthe Year8￿ 31 kI￿rCh 2024131.3.23." none). 20. ULTIMATE CONTROLUNG PARTY The charitable cnn¥)ary ts und¥ the oyrtrol of ts m￿be15. No membw has control of the chantable ccfflpany. Pa98 32