DIGILOCAL CIO
DigiLocal believes that while talent is everywhere, opportunity is not. Our purpose is to give underrepresented young people the opportunity to discover and develop their digital talents. We work through community partners to provide clubs in community venues. We support industry volunteers to mentor the young people in developing their problem solving skills and build resilience.
Financial health, per its FY2025 accounts
The accounts state that the charity experienced a significant drop in income and used much of its cash balance to cover costs, resulting in unrestricted free reserves of £2,452 which are below the stated policy target of six months' operating costs. Despite this, the trustees determined the charity was a going concern after securing additional funding and reducing staffing costs, with the independent examiner confirming no material matters were found.
What the accounts disclose
“Free reserves available to the charity are £2,452 (2024: £8,714). This is less than the Reserves Policy as set out further below, which requires the charity to hold unrestricted free reserves of 6 months operating costs.” — page 4
“The trustees have considered the going concern status of the charity and conclude that there are no material uncertainties affecting the ability of the charity to continue as a going concern. The only risk that has been identified in this area will be the ongoing identification of funds.” — page 5
Trustees
- Michael Bartleychair
- Akash Sachdeva
- Ali Hassan
- Bakoto Jobe
- Craig Oram
- Heather Macdonald
- Illyana Mullins
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £55k | £64k |
| 31/03/2024 | £47k | £60k |
| 31/03/2023 | £12k | £75k |
| 31/03/2022 | £84k | £43k |
| 31/03/2021 | £75k | £23k |
Common questions
Is DIGILOCAL CIO financially healthy?
Per its FY2025 accounts: The accounts state that the charity experienced a significant drop in income and used much of its cash balance to cover costs, resulting in unrestricted free reserves of £2,452 which are below the stated policy target of six months' operating costs. Despite this, the trustees determined the charity was a going concern after securing additional funding and reducing staffing costs, with the independent examiner confirming no material matters were found. Its FY2025 accounts were independently examined.
Who funds DIGILOCAL CIO?
Funders whose own accounts filings name DIGILOCAL CIO as a grant recipient include THE NISBET TRUST, THE GOSLING FOUNDATION LIMITED, THE VAN NESTE FOUNDATION, THE MERCHANT VENTURERS CHARITY, THE PORTISHEAD NAUTICAL TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE NISBET TRUST | FY2022 | £15k | |
| THE NISBET TRUST | FY2024 | £11k | |
| THE NISBET TRUST | FY2023 | £10k | |
| THE GOSLING FOUNDATION LIMITED | FY2024 | £10k | General |
| THE VAN NESTE FOUNDATION | FY2022 | £8k | Tech clubs for young people in Bristol |
| THE MERCHANT VENTURERS CHARITY | FY2022 | £5k | Community and social |
| THE MERCHANT VENTURERS CHARITY | FY2023 | £5k | Unrestricted Fund Grant |
| THE PORTISHEAD NAUTICAL TRUST | FY2023 | £2k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 15/03/2024 | £20k | DigiLocal Clubs |
| The National Lottery Community Fund | 13/01/2023 | £10k | Recruiting a Coordinator to grow and secure DigiLocals activity delivery |
| The National Lottery Community Fund | 15/10/2021 | £10k | DigiLocal - Reaching Communities in North Bristol |