2023-03-31-accounts - Digit<all>

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DIGIT

Registered Charity No. 1198086

Annual Report and Financial Statements

For the period from registration 28 February 2022 to 31 March 2023

Digit CIO Trustees’ annual report for the period from registration 28 February 2022 to 31 March 2023

Full name: Digit

Organisation type: Charitable incorporated organisation

Registered charity number : 1198086

Principal address: 1 Narborough Lane, East Ilsley, RG20 7LX

Trustees:

Derek Peaple

Julie Price

Thomas Lange

Garry Poulson

Yota Dimitriadi

Andrew Csizmadia

Shahneila Saeed

Independent examiner

Verdant Accountants

Governance and management

The charity is operated under the rules of its CIO Association adopted 28-02-2022.

Trustees are voted in at a committee meeting and agree to serve and adopt all the charity policies and procedures.

Objectives and activities

The object of the CIO is to advance the education of the public (and in particular but not exclusively children and young people) in topics related to digital competency including coding and computational thinking and by providing and enabling active educational and technological activities to enable them to develop their skills, capacities and capabilities.

Summaries of the activities undertaken and public benefit

Digit is a not for profit, fully inclusive charity which focuses its serves schools and communities across the UK and sometimes internationally. The charity provides a focus on developing the digital skills of young people from underserved, underprivileged and underrepresented communities to enable them to develop their digital skills, become discerning users of technology and enhance their

employability and digital prospects. This is achieved through in-community workshops, teacher and community leader training, provision of contextual digital resources, grants and awards. Children benefit either directly through the work of the staff, ambassadors, volunteers or indirectly through the upskilling of their youth, community leader or teacher.

Summary of the main achievements during this period

The charity has developed a strong network with schools and community groups, has provided summer camps and a significant amount of teacher training. This has ensured that young people from areas of high deprivation have had access to future digital skills training.

The charity’s police on reserves

The charity has kept a reserve of 4 months of wages for staff in case required. With a significant amount of bids submitted during this period, the charity is expecting significant growth.

Signed on behalf of the charity’s trustees:

Signed Date 10-01-2024 Derek Peaple, Chair of Trustees

INDEPENDENT EXAMINER’S REPORT

Independent examiner’s report to the Trustees of Digit (Charity no 1198086).

I report to the trustees on my examination of the accounts of Digit the above charity(the Charity) for the period from registration 28 February 2022 to 31 March 2023 which are set out on pages 1-2.

Responsibilities and basis of report

As the charity trustees of the Charity, 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 Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the 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:

(1) In connection with my examination, no material matters have come to my attention 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 do not accord with the accounting records.
(2) 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.

Chaweevan Williams FCCA

Date: 27January 2024

Verdant Accountants Limited Chartered Certified Accountants 20-22 Wenlock Road London N1 7GU

DIGIT	DIGIT	DIGIT	1198086
Receipts andpayments accounts
For the period from	Registration	To
	28/02/2022		31/03/2023

Section A Receipts and payments

A1 Receipts Unrestricted funds to the nearest £	A1 Receipts Unrestricted funds to the nearest £	Restricted funds to the nearest £	Endowment funds to the nearest £	Total funds to the nearest £	Last year to the nearest £
Grants & Donations	139,521	3,488	-	143,009	-
SundryIncome	24		-	24	-


*Sub total*(Gross income for AR)	139,545	3,488	-	143,033	-

A2 Asset and investment sales, (see table).

A2 Asset and investment sales, (see table).
	-	-	-	-
	-	-	-	-	-
*Sub total*	-	-	-	-	-
Total receipts 139,545 A3 Payments
	139,545	3,488	-	143,033	-

Insurance	1,473	-	-	1,473	-
Charitable Activities	949		-	949	-
Stationary& Office	326	-	-	326	-
Professional Fees	16,282	-	-	16,282	-
Rent & Rates	780			780
Communications	1,791			1,791
Wages & NI	11,049	-	-	11,049	-
Sundryexpenses	638	-	-	638	-
Recruitment	500	-	-	500	-
		-	-	-	-
*Sub total*	33,788	-	-	33,788	-

A4 Asset and investment purchases, (see table)

Purchase of hardware	14,757	3,018	-	17,775
	-	-	-	-
*Sub total*	14,757	3,018	-	17,775	-
*Total payments* *Net of receipts/(payments)* A5 Transfers between funds A6 Cash funds last year end *Cash funds this year end*
	48,545	3,018	-	51,563	-

	91,000	470	-	91,470	-
	-	-	-	-	-
	-	-	-	-	-
	91,000	470	-	91,470	-

Section B Statement	of assets and liabilities at the	of assets and liabilities at the	end of the period	end of the period
Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B5 Liabilities B4 Assets retained for the charity’s own use Signed by one or two trustees on behalf of all the trustees	Details	to nearest £ Unrestricted funds	to nearest £ Restricted funds	to nearest £ Endowment funds
	Bank Accounts	91,000	470	-
		-	-	-
		-	-	-
	Details *Total cash funds* (agree balances with receipts and payments account(s))	91,000	470	-
		OK	OK	OK
		to nearest £ Unrestricted funds	to nearest £ Restricted funds	to nearest £ Endowment funds
		-	-	-
		-	-	-
		-	-	-
		-	-	-
	Details	Fund to which asset belongs	Cost (optional)	Current value (optional)
			-	-
			-	-
			-	-
			-	-
	Details	Fund to which asset belongs	Cost (optional)	Current value (optional)
	Hardware	17,775	-	-
			-	-
			-	-
			-	-
	Details	Fund to which liability relates	Amount due (optional)	When due (optional)
			-
			-
			-
			-
			-
	Signature			Date of approval
		Derek Peaple		26/01/2024
		Julie Price		26/01/2024