|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|6|
|Report ofthe Independent
Auditors|7|to|9|
|Statement
of Financial Activities||10||
|Balance Sheet||||
|Notes to the Financial Statements|12|to|19|
|Detailed Statement
of Financial Activities|20|to|21|
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|||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|
|||||||Digital|Loneliness|||
||||||General|Inclusion|Foundation|Total|Total|
||||||fund|Fund|Fund|funds|funds|
|||||Notes|E|f|8|5||
|Income and endowments|||from|||||||
|Donations
and legacies||||2|497,694|||497,694|181,850|
|Investmsntincome|||||193,713|||193,713|154,188|
|Total|||||691,307|||691,307|335,818|
|Expenditure
on
Raising funds|||||12,978|||12,978|13,814|
|Charitable
activities||||||||||
|Charitable
activities|||||653,742|||653,742|270,937|
|Total|||||666,720|||666,720|284,551|
|Net gains/(losses)
investments|on||||(224,066)|||(224,066)|227,017|
|NET INCOME/(EXPENDITURE)|||||(99,469)|||(99,469)|278,284|
|Reconciliation
of|funds|||||||||
|Total funds brought||forward|||1,767,494|1,600,000|250,000|3,517,494|3,239,210|
|Total funds carried||forward|||1,668,026|1,500,000|260,000|3,418,026|3,517,494|
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##
|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|||||Digital|Loneliness|||
||||General|Inclusion|Foundation|Total|Total|
|||Notes|fund
f|Fund
5|Fund
6|funds
6|fundsf|
|Fixed assets||||||||
|Tangible assets||13|97,006|||97,006|99,021|
|Investments||||||||
|Investments||14|874,673|1,600,000|260,000|2,624,673|2,765,971|
|Investment
property||15|260,000|||260,000|250,000|
||||1,221,679|1,600,000|250,000|2,971,679|3,114,992|
|Current assets||||||||
|Stocks||15|216,000|||216,000||
|Debtors||17|24,938|||24,938|25,010|
|Cash
in hand|||241,229|||241,229|404,399|
||||482,167|||482,167|429,409|
|Creditors||||||||
|Amounts
falling due within one||||||||
|year||18|(35,821)|||(36,821)|(26,907)|
|Net current|assets||446,346|||446,346|402,502|
|Total assets|less current|||||||
|liabilities|||1,668,026|1,600,000|250,000|3,418,025|3,517,494|
|NET ASSETS|||1,668,026|1,600,000|250,000|3,418,026|3,517,494|
|Funds||19||||||
|Unrestricted|funds|||||1,668,025|1,767,494|
|Restricted
funds||||||1,750,000|1,750,000|
|Total funds||||||3,418,026|3,517,494|
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|Investment
income|||||||||
|---|---|---|---|---|---|---|---|---|
||||||||2023|2022|
||||||||f|5|
|Rents received|||||||26,332|15,790|
|Other fixed asset invest||-|Fll||||167,112|137,352|
|Deposit account interest|||||||269|25|
||||||||193,713|154,158|
|Raising funds|||||||||
|Raising donations|and||legacies||||||
||||||||2023
6|2022f|
|Staff costs|||||||11,742|11,377|
|Fund raising|||||||1,236|2,237|
||||||||12,978|13,514|
|Charitable
activities costs|||||||||
||||||||Support||
|||||||Direct|costs (sse||
|||||||Costs
f|note 5)
f|Totals
f|
|Charitable
activities||||||634,268|19,474|553,742|
|Support costs|||||||||
|||||||||Governance|
|||||||||costs|
|||||||||5|
|Charitable
activities||||||||19,474|
|Net income/(expenditure)|||||||||
|Net income/(expenditure)|||is|stated after charging/(crediting):|||||
||||||||2023|2022|
||||||||5|5|
|Depredation
- owned assets|||||||7,441|9,523|
|Auditors'
remuneration|||||||||
||||||||2023|2022|
||||||||6|5|
|Fees payable
to ths|charity's|||auditors|for the audit of the charity's||||
|financial statements|||||||7,500|7,000|
|Auditor's
remuneration||for non-audit|||work||10,620|2,500|
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|Staff c|osts|||
|---|---|---|---|
|||2023
f|2022f|
|Wages
Social
Other|and salaries
security costs
pension costs|159,822
12,638
15,990|155,000
12,614
14,992|
|||188,460|182,606|
##
|The number
was:|of employees
whose
employee
benellts
(ex|duding
employer
pension
costs) exce|eded
f60,|
|---|---|---|---|
|||2023|2022|
|F70,001 - 680,000||1|1|
|Directors remuneration||||
|||2023|2022|
|||8|f|
|Remuneration|and other benefits|88,465|86,614|
##
||||||Digital|Loneliness||
|---|---|---|---|---|---|---|---|
|||||General|Indusion|Foundation|Total|
|||||fund
5|Fund|Fund|fundsf|
|Income and||endowments|from|||||
|Donations|and legacies|||181,650|||181,650|
|Investment|income|||154,168|||154,168|
|Total||||335,818|||335,818|
|Expenditure
Raising
funds||on||13,614|||13,614|
|Charitable|activities|||||||
|Charitable|activities|||270,937|||270,937|
|Total||||284,551|||284,551|
|Net gains|on|investments||227,017|||227,017|
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##
|Comparatives|for the statement|for the statement|of financial|activities - continued|activities - continued|||
|---|---|---|---|---|---|---|---|
||||||Digital|Loneliness||
||||||Inclusion|Foundation|Total|
||||||Fund|Fund|funds|
||||||6|f|5|
|NET INCOME||||278,284|||278,284|
|Reconciliation|of funds|||||||
|Total funds brought||forward||1,489,210|1,500,000|250,000|3,239,210|
|Total funds carried forward||||1,767,494|1,500,000|250,000|3,517,494|
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|Tangible fixed assets|||||
|---|---|---|---|---|
|||Office|||
|||furniture|||
||Freehold|and|Computer||
||property
f|fittings
f|equipment
5|Totals
f|
|Cost|||||
|At 1 April 2022|212,492|38,123|26,261|276,876|
|Additions|||6,426|6,426|
|At 31 March 2023|212,492|38,123|30,687|281,302|
|Depreciation|||||
|At 1 April 2022|118,069|38,123|20,663|176,865|
|Charge for year|4,260||3,191|7,441|
|At 31 March 2023|122,319|38,123|23,864|184,296|
|Net book value|||||
|At 31 March 2023|90,173||6,833|97,006|
|At 31 March 2022|94,423||4,598|99,021|
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|Fixed asset investments|||||||
|---|---|---|---|---|---|---|
|||||Listed|Unlisted||
|||||investments|investments|Totals|
||||||6|f|
|Market value|||||||
|At 1 April 2022||||2,688,201|77,770|2,765,971|
|Additions||||128,401||128,401|
|Disposals||||(46,643)||(46,643)|
|Revaluations||||(221,141)|(2,915)|(224,066)|
|At 31 March 2023||||2,649,818|74,855|2,624,673|
|Net book value|||||||
|At 31 March 2023||||2,649,818|74,866|2,624,673|
|At 31 March 2022||||2,688,201|77,770|2,765,971|
|There were no investment|assets outside the UK||||||
|Historic cost of fixed asset|investments:||||||
|Listed investments|-61,957,675 (2022 —f1,893,987)||||||
|Unlisted
investments|-|54,823 (2022-|f4,823)||||
|Investment
property|||||||
|Fair value|||||||
|At 1 April 2022|||||||
|and 31 March 2023||||||250,000|
|Net book value|||||||
|At 31 March 2023||||||260,000|
|At 31 March 2022||||||250,000|
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|Stocks|||||||||
|---|---|---|---|---|---|---|---|---|
||||||||2023|2022|
||||||||E|f|
|Stocks|||||||216,000||
|Debtors: amounts|||falling due within||one year||||
||||||||2023|2022|
||||||||6||
|Trade debtors||||||||2,850|
|Other debtors|||||||2,476|2,048|
|Prepayments|and|accrued income|||||22,462|20,112|
||||||||24,938|25,010|
|Creditors: amounts||||falling due within|one year||||
||||||||2023|2022|
||||||||E|f|
|Trade creditors|||||||3,244|1,255|
|Social security|and other taxes||||||6,263|5,341|
|Other creditors|||||||10,829|11,865|
|Accruals
and|deferred|||income|||16,496|8,435|
||||||||36,821|25,907|
|Movement
ln|funds||||||||
||||||||Net||
||||||||movement|At|
|||||||At 1.4.22|in funds|31.3.23|
|||||||6|2|f|
|Unrestricted|funds||||||||
|General
fund||||||1,767,494|(99,469)|1,668,026|
|Restricted
funds|||||||||
|Digital Indusion||Fund||||1,600,000||1,600,000|
|Loneliness
Foundation||||Fund||260,000||260,000|
|||||||1,760,000||1,760,000|
|TOTAL FUNDS||||||3,517,494|(99,469)|3,418,026|
|Net mov|ement|in funds,
included
in|ths above are as follows:||||
|---|---|---|---|---|---|---|
||||Incoming|Resources|Gains and|Movement|
||||resources
f|expended
6|losses
f|in funds
f|
|Unrestricted||funds|||||
|General|fund||691,307|(666,720)|(224,066)|(99,469)|
|TOTAL|FUNDS||691,307|(666,720)|(224,066)|(99,469)|
##
##
##
|Comparatlv|es|f|or mo|vement
In funds||||
|---|---|---|---|---|---|---|---|
|||||||Net||
|||||||movement|At|
||||||At 1.4.21|in funds|31.3.22|
||||||6|6|6|
|Unrestricted||funds||||||
|General
fund|||||1,489,210|278,284|1,767,494|
|Restricted|funds|||||||
|Digital Indusion|||Fund||1,500,000||1,500,000|
|Loneliness|Foundation|||Fund|250,000||250,000|
||||||1,750,000||1,750,000|
|TOTAL FUNDS|||||3,239,210|278,284|3,517,494|
|Compara|tive|net movement
in fund|s,
induded
in the above are|as follows:|||
|---|---|---|---|---|---|---|
||||Incoming|Resources|Gains and|Movement|
||||resources|expended|losses|in funds|
||||6|6||F|
|Unrestricted||funds|||||
|General|fund||335,818|(284,551)|227,017|278,284|
|TOTAL|FUNDS||335,818|(284,551)|227,017|278,284|
##
##
|||2023|2022|
|---|---|---|---|
|||5||
|Income and endowments||||
|Donations
and legacies
Donations||34,296|37,351|
|Donated goods
Legades||432,000
31,299|144,299|
|||497,694|181,650|
|Investment
Income||||
|Rents received||26,332|16,790|
|Other fixed asset invest - Fll||167,112|137,352|
|Deposit account Interest||269|26|
|||193,713|154,168|
|Total Incoming
resources||691,307|335,818|
|Expenditure||||
|Raising donations
Wages
Social security
Pensions|and legacies|10,112
1,156
474|9,859
1,041
467|
|Fund raising||1,236|2,237|
|||12,978|13,614|
|Charitable
activities||||
|Wages
Social security
Pensions||139,430
10,236
15,068|135,268
10,436
14,077|
|Rates and insurance||1,388|3,411|
|Light and heat
Telephone
Printing
and stationery||2,096
2,493
1,267|1,686
2,322
741|
|Sundries||1&347|502|
|PR literature||3,632|3,065|
|Repairs
Cleaning
Computer
expenses
Postage
Staff expenses
Legal and professional
Accountancy
Depreciation
Freehold
propertY
TV costs||22,022
1,139
17,434
2,451
41
36,178
10,620
3,191
4,250
16,037|7,294
614
5,543
1,681
214
30,567
2,600
5,273
4,250
12,678|
|Radios||1,423|810|
|Tablets||8,106|5,230|
|Sim cards||216,000||
|Carried forward||614,849|248,262|
##
|||2023
f|2022f|
|---|---|---|---|
|Charitable
activities||||
|Brought forward||514,849|248,262|
|Recruitment
costs||17,893|4,227|
|Travel||1,626||
|||534,268|252,489|
|Support costs||||
|Governance
costs||||
|Wages
Social security
Pensions||10,280
1,246
448|9,883
1,137
448|
|Auditors'
remuneration||7,500|7,000|
|||19,474|18,448|
|Total resources
expended||666,720|284,551|
|Net income before gains and losses||124,587|51,257|
|Realised recognised|gains and losses|||
|Realised gains/(losses)
investments|on fixed asset|(224,066)|227,017|
|Net (expenditure)/income||(99,469)|278,284|