The CyberHub Trust CIO
Annual Report & Financial Statements
for the year ended 31 March 2023
Index:
| Reference and Administrative Details | ……………………………………………………… | 3 |
|---|---|---|
| Trustees' Report | ……………………………………………………… | 4 |
| CEO Funding Report | ……………………………………………………… | 8 |
| Independent Examiner's Report | ……………………………………………………… | 9 |
| Statement of Financial Activities | ……………………………………………………… | 10 |
| Balance Sheet | ……………………………………………………… | 11 |
| Notes to the Financial Statements | ……………………………………………………… | 12 |
| Appendix | ……………………………………………………… | 17 |
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Reference and Administrative Details
Trustees
Ms Julia von Klonowski (Chair) Digital Skills Consulting Ms Ruth Gilbert Career Colleges Trust Mr Amit Patel Experience Haus Mr Joash Howard EY-Seren Mr John Pittaway Retired (AWS)
Special Advisors
National Crime Agency (NCA) National Cyber Security Centre (NCSC)
Principal Office
The CyberHub Trust 26 Queen Victoria Street Reading RG1 1TG United Kingdom
Charity Registration Number
Reg. No. 1190988
Bankers
Hannah Jones Client Support Manager HSBC Bank 120 Edmund Street Birmingham B3 2QZ
Accountants
Jason Pyke Managing Partner Vale & West Chartered Accountants Victoria House 26 Queen Victoria Street Reading RG1 1TG
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Trustees Report
The primary purpose of the Trust is to promote education and training of Digital Technology (DigiTech) & Cyber, facilitate a pipeline of well-trained, qualified and experienced young people and to identify 'at-risk' technically capable young people and encourage them to become productive members of society.
The CyberHub Trust is advised by the National Crime Agency ( NCA ) and National Cyber Security Centre ( NCSC ) and managed by the Board of Trustees. It operates within Further Education Colleges and Institutes of Technology (IoT) across the UK, providing education, on-the-job training and `Experiences’ to students.
It relies on experts & specialists in DigiTech & Cyber, to deliver training, education and apprenticeships, and to assist with Community Outreach Programmes.
Strategy:
The management of the Trust are continually reviewing and adapting the Strategy, according to developments and feedback from colleges, students and other stakeholders. During the year to March 2023 the Strategy was refined to place a greater focus on the Community Outreach activities, including Experience Days, Events and Training delivery.
Sites:
By end-March 2023 the Trust had three operational sites including Barking & Dagenham College (IoT) in London, Birmingham Metropolitan College and Hugh Baird College in Liverpool. A relationship was developed with `Activate Learning’ , a group of eight colleges, including Reading, Oxford, Banbury, Bracknell & Guildford, as well as being part of the South Central IoT (SCIoT) in Milton Keynes.
Discussions also continued with colleges in Wales, Lincoln, Plymouth and Newcastle, among others.
Training:
Following the success of a bespoke training course designed & delivered in 2022, for people who are in work’, in late 2022 the _West Midlands Regional Cyber Crime Unit_ (WM-RCCU) approached the Trust to develop & deliver a new training course forat risk’ young people who had been caught-up in the offender management system.
The `Basic IT & Cyber’ training course was funded by the Home Office and delivered by the BIT Group , with support from the Phoenix Sport & Media Group (PSM). The course, which was delivered both onsite at Birmingham Metropolitan College and virtually, and it was designed to give delegates an opportunity to develop themselves professionally, obtain an accredited qualification, and benefit both from mentorship and the opportunity to build future careers.
The course was delivered between February and June 2023 and will be used as a test case to develop and/or extend the concept to other regions.
Experience Days:
The Trust expanded its Community Outreach activity to include more `Experience Days’, where students are exposed to specialists from law enforcement, Cyber Analysts, and DigiTech, at interactive events held in CyberHub Colleges/IoTs.
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During the year to March 2023, several such events were hosted at colleges in London, Liverpool and Birmingham, with a big event hosted at BMET in November 2022, to coincide with the launch of their new DigiTech/Cyber Signage , which was developed, designed & installed by the CyberHub Trust. This concept is now being rolled-out to other CyberHub Colleges/IoTs.
Example of the BMET signage below:
Creative Challenge:
In 2020 the Trust launched a competition at one college in London, during the COVID lockdown. In 2022 the Trust launched the second Creative Challenge , with participants from Liverpool, London, Birmingham and Banbury/Oxford.
Students submitted ideas for marketing campaigns, for the CyberHub Trust, to be used on social media or other channels. Finalists were invited to an event in March 2023, at an Advertising Agency in Shoreditch, where they were paired with professionals in their field. Hence designers were paired with UX designers, Gaming students with Game Designers, etc.
The winning submission came from Hugh Baird College in Liverpool, and was used as a social media campaign (Linked-in) by the Trust.
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FINANCIAL REVIEW
Reserves Policy:
The Trustees recognise that it is very important for the Trust to have sufficient reserves in the future to continue its objectives. This will be to ensure that there are funds available to meet the commitments of the charity.
Funds:
The balance of the bank account on the 1[st] April 2022 was: £42,259.91 . A further £131,000 was received from sponsor AWS on the 5[th] April 2022 and a charitable Donation Grant of £1,000 was received from the Rafael Moreu Scholarship on 17[th] February 2023.
The closing balance on the 31[st] March 2023 was: £116,756.20 .
Aside from the set-up costs for three college SOCs (BDC, BMET and HBC), these funds were used (sparingly) to cover administrative, marketing & communications and general management costs (e.g. travel).
Trustees oversee expenditure in accordance with the agreed parameters and they have specifically authorised a basic stipend to compensate the CEO for his management & other duties, and also cover reasonable expenses for the Chair & CEO, who do the majority of the work of the charity.
Towards the end of 2022, it was announced by AWS that they would not be sponsoring the Trust for the foreseeable future as part of an overall budget review process (this was a corporate decision across all the AWS sponsorships). They continue to be supportive of the charity and there is a possibility that sponsorship may be repeated again the future, but much will depend on financial results and corporate decisions in the next two-three years.
The Trust is not registered for VAT and, as such, no VAT liability existed.
Structure, Governance and Management:
The CyberHub Trust is a CIO `in association’ with a Constitution, which amongst other things governs the recruitment/appointment of new Trustees, who are responsible for the strategic management of the CyberHub Trust.
The Trust is managed by a CEO, with assistance from paid contractors (website design & administration, PR & Communications, videography, etc.) and voluntary stakeholders (e.g. marketing agencies assisting with the Trust’s projects, RCCU teams, MetaLVX support, etc.).
Risk Assessment:
The CEO and Trustees assess major risks facing the Trust and address them in accordance with agreed processes. At the start of the year commencing 1[st] April 2022, the Trustees agreed to refocus the strategic approach away from the SOCs to refocus on Community Outreach activity, which significantly removed the previous key risk (operating commercially viable SOCs).
The Trust has broadened its engagement with Cybersecurity and related Service Providers, including the Film & Gaming company MetaLVX in Los Angeles, which will play a significant part in the Film & Gaming Events planned for October 2023, as well as other organisations.
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The Trustees also acknowledged that the removal of the AWS sponsorship funds would put pressure on delivery in the coming year/s, so formally agreed to pursue other sponsorship opportunities during 2023 & 2024.
In the year ended 31 March 2023, the Management & Trustees continued to focus attention on growing the charity - its footprint and reputation, as well as continuing to grow the number & types of activities. These included:
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seeking new funding opportunities, through government (DSIT) as well as corporate (BCS, etc.) channels
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the expansion of the CyberHubs - from three to five and exploration of additional opportunities
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continuing to discuss opportunities to deliver Apprenticeships with (at least) three colleges
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the development & delivery of Training courses (e,g, WM-RCCU)
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the development & expansion of Community Outreach & Experiences/Events, including to schoolchildren, FE college students and teachers, as well as government, law enforcement and business stakeholders
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building on the joint-activity between the Trust and the CyberFirst Programme and broadening engagement with other government & academic institutions (e.g. Birkbeck University)
The Trust is planning for further growth in 2023/24, which will include seeking additional sources of funding/sponsorship and expansion into additional colleges.
Trustees have been consulted on the details in the Annual Report, and discussed & debated in the regular Trustees Meetings (recorded in the minutes) in order to ensure that the Report matches with the Trust’s Mission.
This Annual Report was approved by the CyberHub Trustees on the 12[th] December 2023 and signed on its behalf by:
Julia von Klonowski
Chair of Trustees
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CEO Funding Report
The Trustees of The CyberHub Trust have agreed to the following :
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Michael Klonowski (CEO) of The CyberHub Trust is paid a sum of £2,500 per calendar month, for his time and efforts in running and designing events for the Trust, managing the processes and requirements of the Charity and administering the Trust.
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Julia Klonowski (Chair) is not paid a salary for her time spent working for the Charity.
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Michael Klonowski (CEO) and Julia Klonowski (Chair) design and manage the work of the Charity around the UK and work to engage with organisations who might fund the Charity. They are required to travel and make use of accommodation to fulfil their roles. These expenses are refunded to them in accordance with documented invoices/receipts.
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Michael Klonowski and Julia Klonowski also maintain the network with various organisations such as DSIT, NCA, NCSC and the Police, as well as various businesses and education establishments. Consequently they are also required to attend conferences, training events and/or networking events and it has been agreed that they are able to claim their travel expenses for these events, again in accordance with documented invoices/receipts.
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We acknowledge that the CEO and Chair do their best to keep these expenses to a minimum and fund many of these costs through their own business.
Signed by the CyberHub Trustees
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CYBERHUB TRUST
I report to the charity trustees on my examination of the accounts of The CyberHub Trust (the Trust) for the year ended 31 March 2023.
Responsibilities and basis of Report
As the charity Trustees of the Trust, 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 the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable 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 giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do 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 this report in order to enable a proper understanding of the accounts to be reached.
……………………………………….
J Pyke FCA
Vale & West Chartered Accountants Victoria House 26 Queen Victoria Street Reading Berkshire RG1 1TG
Date: 22 December 2023
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STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2023
| Notes INCOME AND ENDOWMENTS Donations and legacies Charitable activities 3 Charitable activities Total EXPENDITURE ON Charitable activities 4 Grants Payable 5 Support 6 Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.03.23 Unrestricted Fund £ 1,000 131,500 132,500 31,636 - 21,767 53,403 79,097 37,430 ______ 116,527 |
31.03.22 Total Funds £ 6,000 120,000 126,000 12,650 59,970 15,950 88,570 37,430 - _ 37,430 |
|---|---|---|
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BALANCE SHEET
31 MARCH 2023
| Notes CURRENT ASSETS Debtors 9 Cash at Bank CREDITORS Amounts falling due within one year 10 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS/(LIABILITIES) FUNDS 11 Unrestricted Funds TOTAL FUNDS |
31.03.23 Unrestricted Fund £ 2,500 116,756 119,256 (2,729) _ 116,527 116,527 _ 116,527 116,527 116,527 |
31.03.22 Total Funds £ 131,500 42,260 173,760 (136,330) __ 37,430 37,430 _ 37,430 37,430 37,430 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 12[th] December 2023 and were signed on its behalf by :
Julia von Klonowski Chair of Trustees
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
1. STATUTORY INFORMATION
The CyberHub Trust is a Charitable Incorporated Organisation registered with the Charity Commission in England & Wales. The registration and principal office address can be found on the reference and administrative details page.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102 , have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011 . The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year-end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023
| 3. INCOME FROM CHARITABLE ACTIVITIES Grants Charitable activities 4. CHARITABLE ACTIVITIES COSTS Advertising Travelling and Subsistence Information Technology Other 5. GRANTS PAYABLE Grants to Higher Education Providers 6. SUPPORT COSTS Management and administration Accountancy |
31.03.23 £ 131,500 31.03.23 £ 18,756 10,551 1,653 676 31,636 31.03.23 £ - 31.03.23 £ 20,000 1,767 21,767 |
31.03.22 £ 120,000 31.03.22 £ 6,030 5,169 388 313 11,900 31.03.22 £ 59,970 31.03.22 £ 15,200 1,500 16,700 |
|---|---|---|
7. TRUSTEES’ REMUNERATION AND BENEFITS
There were no Trustees’ remuneration or other benefits for the year ended 31 March 2023, nor for the year ended 31 March 2022.
Trustees’ Expenses
Julia Klonowski was reimbursed £3,994 out of pocket expenses for travelling and subsistence.
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NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donation and Legacies Charitable activities Charitable activities Total: EXPENDITURE ON Charitable activities Grants Payable Support Total: NET INCOME TOTAL FUNDS CARRIED FORWARD 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade Debtors 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade Creditors Other Creditors |
Unrestricted Fund £ 6,000 120,000 126,000 12,650 59,970 15,950 88,570 37,430 ______ 37,430 31.03.23 £ 2,500 31.03.23 £ 250 2,479 2,729 |
31.03.22 £ 131,500 |
|---|---|---|
| 31.03.22 £ 2,200 134,130 |
||
| 136,330 |
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NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023
| 11. MOVEMENT IN FUNDS At Net 01.04.22 Movement in funds £ £ Unrestricted Funds General Fund 37,430 79,097 __ _ TOTAL FUNDS 37,430 79,097 Net movement in funds, including in the above are as follows: Incoming Resources Resources Expended £ £ Unrestricted Funds General Fund 132,500 (53,403) _ _ TOTAL FUNDS 132,500 (53,403) Comparatives for Movement in Funds At Net 01.04.21 Movement in funds £ £ Unrestricted Funds General Fund - 37,430 TOTAL FUNDS - 37,430 Comparative net movement in funds, included in above are as follows: Incoming Resources Resources Expended £ £ Unrestricted Funds General Fund 126,000 (88,570) _ ____ TOTAL FUNDS 126,000 (88,570) |
At 31.03.23 £ 116,527 _ 116,527 Movement in funds £ 79,097 __ 79,097 At 31.03.22 £ 37,430 _ 37,430 Movement in funds £ 37,430 ___ 37,430 |
|---|---|
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted Funds General Fund TOTAL FUNDS |
At 01.04.21 £ - _____ - |
Net Movement in funds £ 116,527 _ 116,527 |
At 31.03.23 £ 116,527 _ 116,527 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above as follows:
| Unrestricted Funds General Fund TOTAL FUNDS |
Incoming Resources £ 258,500 _ 258,500 |
Resources Expended £ (141,973) __ (141,973) |
Movement in funds £ 116,527 _ 116,527 |
|---|---|---|---|
12. RELATED PARTY DISCLOSURES
Michael Klonowski
The CEO, Michael Klonowski, was reimbursed £9,415 out of pocket expenses for travelling and subsistence.
Digital Consulting Limited
Digital Skills Consulting Limited is a company controlled by Michael and Julia Klonowski. During the year, the charity paid the company £20,000 (2022 - £15,200) for management and administration services.
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Appendix
| AWS | Amazon Web Services |
|---|---|
| BCS | British Computer Society |
| BDC | Barking & Dagenham College |
| BIT Group | Bluescreen IT Ltd. |
| BMET | Birmingham Metropolitan College |
| CEO | Chief Executive Officer |
| CIO | Charitable Incorporated Organisation |
| DigiTech | Digital Technology |
| DSIT | Department for Science, Innovation and Technology |
| FE | Further Education (Colleges) |
| HBC | Hugh Baird College (Liverpool) |
| IoT | Institute of Technology |
| NCA | National Crime Agency |
| NCSC | National Cyber Security Centre |
| PSM | Phoenix Sport & Media (Group) |
| SCIoT | South Central Institute of Technology |
| SOC | Security Operations Centre |
| UX | User Experience |
| VAT | Value Added Tax |
| WM-RCCU | West Midlands Regional Cyber Crime Unit |
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