## **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 for `at 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: 

- seeking new funding opportunities, through government (DSIT) as well as corporate (BCS, etc.) channels 

- the expansion of the CyberHubs - from three to five and exploration of additional opportunities 

- continuing to discuss opportunities to deliver Apprenticeships with (at least) three colleges 

- the development & delivery of Training courses (e,g, WM-RCCU) 

- 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 

- 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 : 

1. 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. 

2. Julia Klonowski (Chair) is not paid a salary for her time spent working for the Charity. 

3. 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. 

4. 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. 

5. 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: 

1. accounting records were not kept in respect of the Trust as required by _Section 130_ of the Act; or 

2. the accounts do not accord with those records; or 

3. 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<br>INCOME AND ENDOWMENTS<br>Donations and legacies<br>Charitable activities<br>3<br>Charitable activities<br>Total<br>EXPENDITURE ON<br>Charitable activities<br>4<br>Grants Payable<br>5<br>Support<br>6<br>Total<br>NET INCOME<br>RECONCILIATION OF FUNDS<br>Total funds brought forward<br>TOTAL FUNDS CARRIED FORWARD|31.03.23<br>Unrestricted<br>Fund<br> £<br> 1,000<br>131,500<br>132,500<br> 31,636<br>-<br>21,767<br>53,403<br> 79,097<br> 37,430<br>______<br>116,527|31.03.22<br>Total<br>Funds<br>£<br>6,000<br>120,000<br>126,000<br>12,650<br>59,970<br>15,950<br>88,570<br>37,430<br>-<br>_______<br>37,430|
|---|---|---|



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## BALANCE SHEET 

31 MARCH 2023 

|Notes<br>CURRENT ASSETS<br>Debtors<br>9<br>Cash at Bank<br>CREDITORS<br>Amounts falling due within one year<br>10<br>NET CURRENT ASSETS<br>TOTAL ASSETS LESS CURRENT LIABILITIES<br>NET ASSETS/(LIABILITIES)<br>FUNDS<br>11<br>Unrestricted Funds<br>TOTAL FUNDS|31.03.23<br>Unrestricted<br>Fund<br> £<br> 2,500<br>116,756<br>119,256<br>(2,729)<br>_______<br>116,527<br>116,527<br>_______<br>116,527<br>116,527<br>116,527|31.03.22<br>Total<br>Funds<br>£<br>131,500<br>42,260<br>173,760<br>(136,330)<br>________<br>37,430<br> 37,430<br>_______<br>37,430<br>37,430<br>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.<br>INCOME FROM CHARITABLE ACTIVITIES<br>Grants<br>Charitable activities<br>4.<br>CHARITABLE ACTIVITIES COSTS<br>Advertising<br>Travelling and Subsistence<br>Information Technology<br>Other<br>5.<br>GRANTS PAYABLE<br>Grants to Higher Education Providers<br>6.<br>SUPPORT COSTS<br>Management and administration<br>Accountancy|31.03.23<br> £<br>131,500<br>31.03.23<br>£<br>18,756<br>10,551<br>1,653<br>676<br>31,636<br>31.03.23<br> £<br> -<br>31.03.23<br>£<br>20,000<br>1,767<br>21,767|31.03.22<br>£<br>120,000<br>31.03.22<br>£<br>6,030<br>5,169<br>388<br>313<br>11,900<br>31.03.22<br>£<br>59,970<br>31.03.22<br>£<br>15,200<br>1,500<br>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<br>Donation and Legacies<br>Charitable activities<br>Charitable activities<br>Total:<br>EXPENDITURE ON<br>Charitable activities<br>Grants Payable<br>Support<br>Total:<br>NET INCOME<br>TOTAL FUNDS CARRIED FORWARD<br>9.<br>DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR<br>Trade Debtors<br>10.<br>CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR<br>Trade Creditors<br>Other Creditors|Unrestricted<br>Fund<br>£<br>6,000<br>120,000<br>126,000<br>12,650<br>59,970<br>15,950<br>88,570<br>37,430<br>______<br>37,430<br>31.03.23<br> £<br> 2,500<br>31.03.23<br> £<br> 250<br> 2,479<br>2,729|31.03.22<br>£<br>131,500|
|---|---|---|
|||31.03.22<br>£<br> 2,200<br>134,130|
|||136,330|



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## NOTES TO THE FINANCIAL STATEMENTS - continued 

## FOR THE YEAR ENDED 31 MARCH 2023 

|11.<br>MOVEMENT IN FUNDS<br>At<br>Net<br>01.04.22<br>Movement<br>in funds<br>£<br>£<br>Unrestricted Funds<br>General Fund<br>37,430<br>79,097<br>______<br>______<br>TOTAL FUNDS<br>37,430<br>79,097<br>Net movement in funds, including in the above are as follows:<br>Incoming<br>Resources<br>Resources<br>Expended<br>£<br>£<br>Unrestricted Funds<br>General Fund<br>132,500<br>(53,403)<br>_______<br>_______<br>TOTAL FUNDS<br>132,500<br>(53,403)<br>Comparatives for Movement in Funds<br>At<br>Net<br>01.04.21<br>Movement<br>in funds<br>£<br>£<br>Unrestricted Funds<br>General Fund<br>-<br>37,430<br>______<br>______<br>TOTAL FUNDS<br> - <br>37,430<br>Comparative net movement in funds, included in above are as follows:<br>Incoming<br>Resources<br>Resources<br>Expended<br>£<br>£<br>Unrestricted Funds<br>General Fund<br>126,000<br>(88,570)<br>_______<br>_______<br>TOTAL FUNDS<br>126,000<br>(88,570)|At<br>31.03.23<br>£<br>116,527<br>_______<br>116,527<br>Movement<br>in funds<br>£<br>79,097<br>______<br>79,097<br>At<br>31.03.22<br>£<br>37,430<br>______<br>37,430<br>Movement<br>in funds<br>£<br>37,430<br>______<br>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<br>General Fund<br>TOTAL FUNDS|At<br>01.04.21<br>£<br>-<br>_____<br> -|Net<br>Movement<br>in funds<br>£<br>116,527<br>_______<br>116,527|At<br>31.03.23<br>£<br>116,527<br>_______<br>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<br>General Fund<br>TOTAL FUNDS|Incoming<br>Resources<br>£<br>258,500<br>_______<br>258,500|Resources<br>Expended<br>£<br>(141,973)<br>________<br>(141,973)|Movement<br>in funds<br>£<br>116,527<br>_______<br>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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