**Trustees’ Annual Report and Financial Accounts For the year ended 31 December 2021**
Charity Registration No. 1168721
## **Contents**
|1.|Reference and Administration Details ................................................................... 3|
|---|---|
|2.|Chair’s Foreword ................................................................................................... 4|
|3.|Objectives and Activities ........................................................................................ 5|
||How our Objectives Deliver Public Benefit ................................................................ 5|
||Charities ...................................................................................................................... 5|
||Services ....................................................................................................................... 5|
||Volunteers .................................................................................................................. 6|
|4.|Achievements and Performance ............................................................................ 7|
||Performance Monitoring ........................................................................................... 8|
||Mentoring Achievements & Performance Monitoring ........................................... 10|
|5.|Structure, Governance and Management ........................................................... 11|
||Governing Document ............................................................................................... 11|
||Trustee Board ........................................................................................................... 11|
||Management Structure ............................................................................................ 11|
||Related Parties ......................................................................................................... 11|
|6.|Financial Review .................................................................................................. 12|
||Reserves ................................................................................................................... 12|
||Plan for the Future ................................................................................................... 12|
|7.|Statement of Trustees’ Responsibilities in Relation to the Financial Statements 13|
|8.|Independent Examiner’s Report to the trustees of Charity IT Association .......... 14|
|9.|Statement of Financial Activities ......................................................................... 15|
||Statement of Financial Activities for the Year Ended 31 December 2021 .............. 15|
||Statement of Financial Activities 2020 Comparatives ............................................. 16|
||Balance Sheet 2021 .................................................................................................. 17|
||Balance Sheet 2020 Comparatives .......................................................................... 18|
||Notes to the Accounts ............................................................................................. 19|
2
## **1. Reference and Administration Details**
|**Charity name**|Charity IT Association|Charity IT Association|
|---|---|---|
|**Charity number**|1168721||
|**Charity Registered Office**|86-90 Paul Street||
||London EC2A 4NE||
|**Trustees**|||
|Andy Simpson|Chair|(Resigned December 2021)|
|Ian Henderson|Vice Chair|(Appointed Acting Chair January 2022)|
|Steve Smith|||
|Dominic Aslan|||
|Giles Hill|||
|Gordon Walker||(Resigned December 2021)|
|Ann Woodley||(Appointed January 2022)|
|Harinder Grewal||(Appointed January 2022)|
|**CEO (Voluntary)**|||
|David Grocott|CEO||
|**Bankers**|NatWest Bank Limited||
||134 Aldersgate Street||
||London EC1A 4JA||
|**Accounts Independently**|Counterculture Partnership LLP||
|**Examined by**:|Unit 115 Ducie House||
||Ducie Street||
||Manchester||
||M1 2JW||
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## **2. Chair’s Foreword**
We are delighted to present our Annual Report outlining CITA’s continuing mission to provide better access to technology for those in the third sector. The year saw us rethinking our operating model to be technology delivered (ongoing Project ACCESS) and establishing two executive volunteer appointments. We were limited by our resources, although 2021 and COVID challenges bought about new opportunities for our fantastic volunteers and committed stakeholders.
During this reporting period, CITA renewed the mentoring partnership with Defence. This partnership – now formally named _The Odyssey Mentoring Scheme_ - links CITA’s volunteers with technical members of the British Army - Royal Corps of Signals.
Our work has underlined the importance of providing trusted affordable services to charities to support the great work that they do.
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## **3. Objectives and Activities**
## The Charity’s Aim is:
To promote for the public benefit the efficiency and effectiveness of charities and notfor- profit organisations through the provision of education and training in information technology and the implementation of related projects.
Our aim is to help charities, but also to help with the challenge of IT. Technology can be challenging for small organisations without in-house expertise, and CITA can be an immensely valuable, trusted partner.
## How our Objectives Deliver Public Benefit:
The trustees confirm that they complied with the duty in Section 4 of the Charities Act 2011 to have due regard to the Charity's Commission general guidance on public benefit "Charities and Public Benefit".
We have referred to the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our activities. In particular the trustees have considered how planned activities will contribute to the aims and objectives they have set. CITA’s work benefits a wide range of other charities across the United Kingdom.
## Our main objectives are to:
- Provide advice to charities on a wide range of IT issues through matching them with a volunteer
- Equip our volunteers with advice and resources to increase the value of their efforts and time
- Develop other forms of IT support for charities, according to identified need
- Evaluate the impact of our service on beneficiaries to inform the future development of our services
## Charities
CITA introduces charities looking to improve their technology capabilities to volunteers with appropriate IT skills and experience. Our vision is a world in which charities can harness the full potential of technology to increase their impact for good. We help to achieve this by providing charities with access to affordable, trustworthy, and independent technology services to allow them to achieve their own strategic mission.
## Services
We facilitate the following services to deliver against these objectives:
**CITA Review** service offers a short IT assessment giving independent advice to identify and qualify potential IT projects and initiatives, that will support their strategic and operational objectives.
**CITA Advisory** service provides IT Project Management support and advice helping charities to define, plan and manage identified IT projects from scoping to completion.
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**CITA Delivery** service provides the right technical skills needed to deliver a successful IT project.
## Volunteers
CITA’s volunteers are the lifeblood of the organisation. All CITA’s services are provided by experienced IT professionals who have volunteered their time, skill and commitment to help charities make better use of IT and to be more effective and efficient in the digital world.
CITA volunteers benefit from gaining greater experience and exposure to IT issues and concerns, as well as knowing that they are indirectly helping people in need of charity support. They ultimately assist the client charities in delivering more benefit to their end beneficiaries.
6
## **4. Achievements and Performance**
CITA’s fifth year, has seen us helping charities supporting causes as diverse as, the arts, children in need, homelessness, community development, family resources, women's rights, animal rights, climate change, care and support for the elderly, and vulnerable youths - to name but a few.
With our volunteers, **37 CITA Reviews** (Tech Surgeries), **27 CITA Advisory** projects (IT Consultancies) and **8 CITA Delivery** projects (IT Projects) were completed. As the world became accustomed to the new normal during the second year of the Covid-19 pandemic, our volunteers continued to support charities adapting to the requirements of remote and hybrid working in an ongoing unpredictable funding environment.
In the second half of the year focus began in earnest on the development of Project ACCESS. During this period CITA let charity and volunteer registration numbers grow organically. Despite this CITA registered 108 new charities in 2021, bringing the total to 1237, and 72 new volunteers, making a total of 831.
We received affirming feedback from charities in 2021, including:
_“CITA enabled us to access a specialist skill-set that, otherwise, would have been too costly for our small, non-profit to access. I'd obtained some eye wateringly large quotes from commercial organisations! What has been delivered with the help of CITA is already making a difference to our members and staff.”_ **Stirling Credit Union**
_“Excellent service - transformation in fact for our project. Thank you!”_ **Leeds Baby Bank**
_“Clear, insightful guidance, with an understanding of our needs and limitations as a very small charity. “_
**Institute for Food, Brain and Behaviour**
_“Our CITA volunteer was extremely helpful; he was able to explain things simply and concisely. We are now able to move to a far more functional IT system which will have a huge impact on the day to day running of the charity.”_ **New Cross Gate Trust**
_“As a small charity, we lacked the staff expertise to know what to do about regular staff IT issues and what was causing them. The Tech Surgery enabled us to pinpoint some immediate key actions to take forward to improve things whilst increasing our knowledge of best practice requirements to undertake in the longer-term. We now feel more confident in what we are doing and what we need to do. Thank you.”_ **Children's Bereavement Centre**
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_“What a fantastic service CITA provides. As a small charity with limited resource (both in terms of finance and people), it is invaluable to be able to have time with an IT expert to talk through IT security, website options and IT considerations as a whole. Thank you very much CITA and your volunteers.”_
## **Global Clubfoot Initiative**
“Always professional, helpful and solution focussed. For a small charity like ours, that have no resources for _in house IT personnel, CITA provide an essential lifeline.”_ **Wheelchair World**
## Performance Monitoring
We identified the following five areas and ten Key Performance Indicators that allow us to measure our success against our mission. We use feedback from charities and volunteers to help us further understand the effectiveness and impact of our work.
1. We measure the number of charities that we have engaged with, and their income levels, to see which part of the sector we are helping the most. We also measure which of those charities have limited IT resources, because it is here that we can make the biggest impact. In 2021:
• _CITA worked with 65 charities across the UK, delivering a total of 72 projects. Of which 32% receive an annual income of less than £500k, and a further 49% receive less than £100k._
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Review Advisory Delivery Total
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• _Of these charities, 11% have two or less dedicated IT staff members and 85% no dedicated IT resource at all._
2. From feedback we estimate how much time has been given up by our volunteers to support charities in terms of person-hours, either face-to-face or remotely:
• _In 2021, CITA volunteers provided approximately 367.5 days of free IT consultancy and support to charities._[1]
3. We measure the value of what is delivered to charities in terms of the opportunity cost of having to buy in an external IT expert to fulfil the tasks undertaken by CITA volunteers:
- _The average value to each charity, per assignment in 2021 was £1965.00._
- _In 2021, the estimated value of services delivered by CITA volunteers was_
- _£141,487.50.[2]_
4. We measure the effectiveness of all assignments undertaken by CITA volunteers. In 2021:
- _Of charities who provided feedback, 95% judged assignments undertaken by_
- _CITA volunteers to be either useful or very useful._
• _98% reported that they obtained actionable outcomes from the CITA engagement._
> 1 Based on an approximation of 0.5 days per CITA Review, 7 days per CITA Advisory, and 20 days per CITA Delivery for 2021.
> 2 Based on average rate for IT consultant charging £55 per hour or £385 per day.
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5. From feedback, we measure the trust and satisfaction that charities and volunteers have in CITA. In 2021:
- _96% of charities that have used services through CITA would recommend_
- _CITA to others._
- _100% of CITA volunteers would participate in further assignments._
• _Of those who volunteered in 2021, 28% completed more than one assignment._
## Mentoring Achievements & Performance Monitoring
CITA also gathers feedback and monitors satisfaction from participants of the Odyssey mentoring scheme. These focus on their experiences, what they gained from taking part and how we could improve the scheme in the future.
We received affirming feedback from Odyssey Mentors and Mentees in 2021, including:
_“My mentor has been fantastic. He has supported me every step of the way and taken the time to explain the processes as we went along... I have learnt about the processes involved in managing an IT project. I have taken it a step further and been to the charity location to conduct physical work installing a new network for them reducing the costs of the project as they haven't had to pay for the labour.”_ _**Odyssey Mentee**_
_“It has been an absolute delight and pleasure to be given the opportunity to be part of the Odyssey Scheme. I was so happy to be selected as a mentor on this programme. My relationship with my mentee has been great from the get-go. Yes, we have had challenges along the way, all projects do but together the mentee has mitigated the risks and issues with my direction. The mentee has learned what artefacts are required for a commercial business project, the input and producing them during the life cycle of the project.”_
_**Odyssey Mentor**_
_“The Odyssey Mentoring Scheme has enabled me to better understand the ways and functions of the non-military environment. I have been able to make new valuable contacts and have been exposed to their work practices and terminology. My Mentor has been very helpful and has been mentoring me throughout this process. He has enabled me to understand and develop new skills and enabled me to lead various parts of the projects.”_
_**Odyssey Mentee**_
10
## **5. Structure, Governance and Management**
## Governing Document
CITA is an organisation registered as a charity in England and Wales and was established under a constitution, which created its objects and powers of the charity, and as such is governed by this constitution.
## Trustee Board
At the end of 2021, CITA had four trustees. Two new trustees joined January 2022 whose selection was through recruitment, interview and appointment. The Trustee Board is also supported by a WCIT nominated Advisor and the volunteer CEO.
## Management Structure
In 2020, the role of the Chief Executive was appointed to an executive volunteer. This individual harnesses extensive commercial experience as a Managing Director and Chief Operating Officer. Our CEO is responsible for the charity’s overall day to day management, reporting to the Chair of Trustees. His primary objective has been to change the operating model of CITA to enable us to ‘do more with less’, these strategic objectives are on the verge of being realised.
Key strategic decisions are taken to the Board of Trustees for approval, and administration is processed by a paid FTE. The trustees are responsible for the overall strategic direction and sound financial practices within the charity. The Board held meetings on a monthly or bi-monthly basis and received monthly management accounts.
At the end of 2020, the CEO recruited some Executive support to assist with key project delivery – Odyssey our military mentoring programme and Access our project to build a new operating platform. We also utilise some paid consultancy to support grant and funding applications.
The ambition for the charity in the short term will be to find more Executive volunteers who can support Volunteer and Charity engagement, our longer-term goal would be to increase paid FTE to support the recruitment of charities and volunteers and growing mentor partnerships.
## Related Parties
The CEO (volunteer) is the brother-in-law of the Chair of Trustees (who has now resigned).
11
## **6. Financial Review**
At the end of 2021 CITA showed cash balance of £14,805 (2020: £16,079). Total income for the year was £18,206 (2020: £18,767), which included £9,975 (2020: £6,946) for consultancy services.
Whilst there was no cash grant from WCIT in 2021 they continued to provide in-kind support including back-office support. Much appreciation is given to the financial accounting services we have been able to use until June 2021 and this service is no longer required as CITA has now recruited a volunteer bookkeeper to support our finance Trustee.
The 2021 plan was to attempt to win new grant funding to replace the WCIT grant, grow income through the Lloyds Foundation fees and direct fees and repeat the mentoring scheme for the Royal Corps of Signals. No grant funding was obtained, and LBF projects radically reduced, but were offset by free CITA Reviews offered during Covid turning into fee paid Advisory and Delivery projects. The RCS signed an expanded mentoring scheme and paid in full upfront. No new CSR sponsorships were found during the year as corporations continued to focus their CSR funding on charities with a direct impact on the pandemic.
## Reserves
Any income generated above the approved budget of CITA in a financial year will be used to establish and maintain a financial reserve. That will be held in a separate financial vehicle from the operational funds.
The Financial Reserve may only be used to fund the charitable activities of CITA, when income has fallen below the budget for a year and there is no foreseeable way to fund the Charities activities.
The decision to utilise the Financial Reserve may only be taken by a majority vote from the Trustees in which at least four of the Chair, Vice Chair and the Committee Chairs are in favour.
## Plan for the Future
In 2022, CITA intends to continue to rebuild from the challenges of 2020, taking encouragement from the work achieved in 2021, and to use its resources to grow the level of customer service and increase the number of charities helped across the UK.
In the fourth quarter CITA engaged external consultancy to generate and pursue a grant funding strategy initiated to drive a much-increased effort to secure grant income in 2022. CITA aims to work with more partners, increase the service levels and grow its marketing presence to reach more charities. CITA intends to increase and strengthen the volunteer base to improve the knowledge of skills that can be offered.
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7. Statement of Trustees. Responsibilities in Relation to the
Financial Statements
The trustees are responsible for preparing the trustees. annual report and financial
statements in accordance with the United Kingdom Accounting Standards (United
Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
Charity law in England and Wales requires the trustees to prepare financial statements
for each financial year which give a true and fair view of the state of affairs of the charity
and of the incoming resources and application of resources of the charity for the year.
In preparing these financial statements, the trustees are required to-
selett suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP (Statement of
Recommended Practice);
make judgements and estimates that are reasonable and prudent:
state whether applicable UK accounting standards have been followed, subject to
any material departures disclosed and explained in the financial statements;
prepare the financial statements on the 80in8 concern basis unless it is
inappropriate to presume that the Charity will continue its activities.
The trustees are responsible for keeping proper accounting records that disclose with
reasonable accuracy at any time the financial position of the Charity and enable them to
ensure that the financial statements comply with the Charf(ies Act 2011. They are also
responsible for safeguardingthe assets of the charity and hencetaking reasonable steps
for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and
financial information included on the charlS website. Legislation in the United
Kingdom governin8 the preparation and dissemination of financial statements may
differ from legislation in other jurisdictions.
Approved by the trustees of the charity and signed on its behalf by:
lan Henderson
Chair
Date: 15 September 2022
CITA
13
## **8. Independent Examiner’s Report to the trustees of Charity IT Association**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2021.
## Responsibilities and basis of report
As the trustees of Charity IT Association, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of your charity's accounts as carried out under section 145 of the Act. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Act.
## Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Act; _or_
- the accounts did not accord with the accounting records; _or_
- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Amanda Hall Partner Counterculture Partnership LLP Unit 115 Ducie House Ducie Street Manchester M1 2JW
Date: 15 September 2022
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## **9. Statement of Financial Activities**
Statement of Financial Activities for the Year Ended 31 December 2021
||Note|Unrestricted
Funds|Restricted
Funds|Total Funds
2021|
|---|---|---|---|---|
|**Income and endowments**
**from:**|||||
|Grants & Donations|3|3,544|0|3,544|
|Other income|4|14,662|0|14,662|
||||||
|Total Income||18,206|0|18,206|
||||||
|**Expenditure on:**|||||
|Charitable activities|5|20,824|0|20,824|
||||||
|Total Expenditure||20,824|0|20,824|
||||||
|**Net**
**Income/(Expenditure)**||(2,618)|0|(2,618)|
||||||
|**Net movement in funds**||(2,618)|0|(2,618)|
||||||
|**Reconciliation of funds**|||||
|Total funds brought
forward||9,137|0|9,137|
|Total funds carried
forward||6,519|0|6,519|
15
## Statement of Financial Activities 2020 Comparatives
||Note|Unrestricted
Funds|Restricted
Funds|Total Funds
2020|
|---|---|---|---|---|
|**Income and endowments**
**from:**|||||
|Grants & Donations|3|10,508|0|10,508|
|Other income|4|8,259|0|8,259|
||||||
|Total Income||18,767|0|18,767|
||||||
|**Expenditure on:**|||||
|Charitable activities|5|31,687|0|31,687|
||||||
|Total Expenditure||31,687|0|31,687|
||||||
|**Net**
**Income/(Expenditure)**||(12,920)|0|(12,920)|
||||||
|**Net movement in funds**|8|(12,920)|0|(12,920)|
||||||
|**Reconciliation of funds**|||||
|Total funds brought
forward||22,057|0|22,057|
|Total funds carried
forward||9,137|0|9,137|
The charity has no recognised gains and losses other than the net movement in funds for the two years shown.
16
Balance Sheet 2021
Note
2021
Fixed Assets
Tangible
Current Assets
Debtors
Prepayments & Accrued Income
Bank
io
io
950
341
14.805
16,096
Current Liabilities
Trade Creditors
Other Creditors & Accruals
Deferred Income
li
li
li
773
1.305
7,500
9,578
Net Current Assets / (Liabilities)
6,519
Total Assets less Current Liabilitles
6,519
Funds of the charity:
Restricted funds
Unrestricted funds
Total funds
12
6.519
6.519
The financial statements were approved by the trustees, and authorised for
issue on and signed on their behalf by:
lan Henderson
Chalr
Date: 15 September 2022
CITA
17
(rtry[fAth1itn
## Balance Sheet 2020 Comparatives
||Note||2020|
|---|---|---|---|
||||£|
|Fixed Assets||||
|Tangible|9|236||
||||236|
|Current Assets||||
|Debtors|10|550||
|Prepayments & Accrued Income|10|335||
|Bank||16,079||
||||16,964|
|Current Liabilities||||
|Trade Creditors|11|1,275||
|Other Creditors & Accruals|11|2,550||
|Deferred Income|11|4,238||
||||8,063|
|||||
|Net Current Assets/ (Liabilities)|||8,901|
|||||
|**Total Assets less Current Liabilities**|||**9,137**|
|||||
|**Funds of the charity: **|12|||
|Restricted funds|||0|
|Unrestricted funds|||9,137|
|**Total funds**|||**9,137**|
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## Notes to the Accounts
## **1. Charity status**
The charity is a Charitable Incorporated Organisation (CIO) registered with the Charity Commission in England. The charity’s registered office is 86-90 Paul Street, London EC2A 4NE.
## **2. Accounting policies**
## Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
## Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
## Basis of preparation
Charity IT Association meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.
## Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
## Exemption from preparing a cash flow statement
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
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## Income and endowments
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
## _Donations and legacies_
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Income from donated goods/services is measured at the fair value of the goods/service unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value.
## Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
## _Raising funds_
These are costs incurred in attracting voluntary income and those incurred in trading activities that raise funds.
## _Charitable activities_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
## Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.
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## Taxation
As a registered charity, the company is exempt from corporation tax on surpluses arising from its charitable activities during the year.
## Tangible fixed assets and depreciation
All assets costing more than £150 are capitalised.
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer equipment -50% straight line
## Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
## Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other shortterm highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## Fund structure
Unrestricted income funds are general funds that are available for use at the trustees’ discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
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## Financial instruments
## _Classification_
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
## _Recognition and measurement_
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
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## **3. Income from grants and donations**
||Unrestricted
Funds|Restricted
Funds|Total
Funds:
2021|Total
Funds:
2020|
|---|---|---|---|---|
||£|£|£|£|
|**Donations:**|||||
|Worshipful Company of
Information Technologists –
services in kind|2,925|0|2,925|
6,750|
|Distributor International Ltd|0|0|0|
0|
|Logica CMG CharityProject|0|0|0|
2,000|
|Other donations|619|0|619|
1,758|
|**Grants:**|||||
|Worshipful Company of
Information Technologists|0|0|0|0|
|**Total**|**3,544**|**0**|**3,544**|**10,508**|
## **4. Other income**
||Unrestricted
Funds|Unrestricted
Funds|Restricted
Funds|Restricted
Funds|Total Funds: 2021|Total Funds: 2021|Total Funds: 2020|Total Funds: 2020|
|---|---|---|---|---|---|---|---|---|
||£|||£||£||£|
|Consultancy
services|9,975|||0||9,975||6,946|
|Other income|4,687|||0||4,687||1,313|
||||||||||
|**Total**|**14,662**|||**0**||**14,662**||**8,259**|
|**5.**
**Expenditure on charitable activities**|||||||||
|||Charitable
activities|||Governance|Total: 2021||Total: 2020|
|||£|||£|£||£|
|Freelance Consultancy||13,181|||0|13,181||20,185|
|Accountancy (donated in kind)||0|||2,925|2,925||6,750|
|Web & Marketing||2,435|||0|2,435||2,106|
|Independent Examiners Fees||0|||540|540||562|
|Subscriptions||40|||0|90||89|
|Insurance||1,222|||0|1,222||1,142|
|Admin & charges||245|||0|195||596|
|Depreciation||236|||0|236||257|
|**Total**||**17,359**|||**3,465**|**20,824**||**31,687**|
Included within total expenditure on charitable activities was £0 of restricted expenditure (2021: £0 was restricted).
23
## **6. Employees**
Charity IT Association did not employee any staff during the year (2020: none).
## **7. Trustees**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year (2020: £nil).
No trustees received reimbursement of expenses during the year (2020: £nil).
No trustees have received any other benefits from the charity during the year.
## **8. Net movement in funds**
Net movement in funds is stated after charging/(crediting):
||2021|2020|
|---|---|---|
||£|£|
|Independent examiner’s fees|540|562|
|Depreciation of owned tangible assets|236|257|
## **9. Tangible fixed assets**
||Computer
Equipment|Total|
|---|---|---|
||£|£|
|**Cost**|||
|At 1 January2021|1,082|1,082|
|Additions|0|0|
|At 31 December 2021|1,082|1,082|
||||
|**Depreciation**|||
|At 1 January2021|846|846|
|Charge for theyear|236|236|
|At 31 December 2021|1,082|1,082|
||||
|**Net book value**|||
|At 31 December 2021|0|0|
|At 31 December 2020|236|236|
24
## **10. Debtors**
||2021|2020|
|---|---|---|
||£|£|
|Other debtors|950|550|
|Prepayments and accrued income|341|335|
||||
|**Total debtors**|**1,291**|**885**|
## **11. Creditors: amounts falling due within one year**
||2021|2020|
|---|---|---|
||£|£|
|Trade creditors|773|1,275|
|Accruals and deferred income|8,805|6,788|
||||
|**Total creditors**|**9,578**|**8,063**|
## **12. Statement of funds**
|**2021**|Brought
Forward|Income|Expenditure|Transfers
In/out|Carried
Forward|
|---|---|---|---|---|---|
||£|£|£|£|£|
|**Restricted funds**||||||
|WCIT Charity|0|0|0|0|0|
|**Unrestricted funds**|**9,137**|**18,206**|**(20,824)**|**0**|**6,519**|
|**Total funds**|**9,137**|**18,206**|**(20,824)**|**0**|**6,519**|
|||||||
|**2020**|Brought
Forward|Income|Expenditure|Transfers
In/out|Carried
Forward|
||£|£|£|£|£|
|**Restricted funds**||||||
|WCIT Charity|0|0|0|0|0|
|**Unrestricted funds**|**22,057**|**18,767**|(31,687)|0|**9,137**|
|**Total funds**|**22,057**|**18,767**|**(31,687)**|**0**|**9,137**|
## **13. Related party transactions**
None.
25