The Restart Project
TRUSTEES’ ANNUAL REPORT AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
Registered Charity Number: 1151286 therestartproject.org
TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
CONTENTS
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|Structure, Governance & Management|2|
|Objectives and Activities|3|
|Organisational structure and development (including fundraising)|9|
|Plans for 2022|11|
|Financial Review|11|
|Declaration|12|
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Structure, Governance & Management
The Board of Trustees presents its directors’ report and financial statements for the period 1 January 2021 - 31 December 2021.
Reference and Administrative Information
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|---|---|
|Charity Name:|The Restart Project|
|Charity registration number:|1151286|
|Registered Office and|3Space International House|
|operational address:|6 Canterbury Crescent|
|London SW9 7QD|
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Board of Trustees
Mike Tuffrey Karien Bezuidenhout Tim Gonzaga
Gavin Conway James Carrigan Friederike Hanisch Alexandra Deschamps-Sonsino Karl Stefan Hall
Governing Document
The organisation is a charitable incorporated organisation (CIO), registered on 18th March 2013.
Recruitment and Induction of Trustees
All members of the Board of Trustees give their time voluntarily and receive no benefits from the charity.
Trustees are selected on the basis of skills and experience in order to provide a sufficient mix amongst trustees as a whole.
Trustees are encouraged to attend Restart Parties as part of their induction, and are offered opportunities for additional training when appropriate.
Objectives and Activities
Objective
To promote, for the public benefit, the protection and safeguarding of the environment by the promotion of repair and recycling, particularly but not exclusively by promoting and facilitating the repair and reuse of electrical equipment.
Main Activities & Achievements for 2021
Although there was more stability with the Covid situation, there was still a huge impact on our work and we would like to thank all our volunteers for their fantastic support over the year.
This year, we revisited our strategy working with trustees, volunteers and many in our community. Our long term vision of seeing our relationship with electronics fixed - with communities and planet at the centre has not changed. But we took the opportunity to check our outcomes and activities were still working towards this
vision.
Covid-19 put a stop to all in-person community activity. Towards the end of the year, groups started running Restart Parties in person again both in the UK and abroad. These are community events where participants bring along their broken electrical items and repair them collaboratively with our teams of volunteers known as ‘Restarters’. We encouraged all groups to be covid-cautious
As the pandemic forced more of our daily lives online, it brought the digital divide into sharp focus. People without access to devices were left even further behind. So in January, we launched our ‘laptops for lockdown’ campaign. We ran a laptop donation scheme and listed all projects accepting donations that they upgraded and passed onto members of the community. We also worked with projects in London, our volunteers working on the devices that required a bit more attention.
We have continued our work as a partner of “Sharepair”, an EU-funded project to help build a “digital support infrastructure for citizens in the repair economy”. It runs until Spring 2023. The aim of the initiative is to reduce the amount of waste from electrical and electronic goods. A significant part of the project revolves around the development of digital tools for community repair networks, and Restart plays an important role within the project, with activities and deliverables across all our strategic objectives.
We were also successful in our funding bids to National Lottery Community Fund and Joseph Rowntree Community Trust for work in 2022. We also secured our first sponsorship agreement with e-Spares Ltd who supply spare parts.
Objective 1 - Inspire a culture change so people use stuff longer and appreciate it more
We want to encourage more people to start thinking about the entire lifecycle of their electrical devices, from resource extraction to disposal and to see this awareness reflected in their behaviour and decision-making.
Media appearances
Restart was invited to comment and appear in the media whenever Right to Repair was mentioned, meaning we were able to raise awareness of the issues and
promote our message widely.
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Appearing on BBC radio across the country talking about the success of the BBC’s “Make a Difference” campaign about donating old laptops
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BBC Radio4 commissioned a new series called Dare to Repair on repairability and the right to repair that not only featured us but also many in our network.
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In response to the government’s announcement on the Right to Repair, Restart appeared on BBC1’s Rip Off Britain and ITV’s Tonight.
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We were also in pieces in The Observer, Bloomberg News, the Financial Times and PC Pro magazine providing reaction to Apple’s announcement that they would be making some parts, tools and manuals available.
Podcast
Our podcast continues to go from strength to strength with many varied and interesting guests and interviews. The impact and reach of our podcast is growing, increasing our influence. We surveyed our listeners and received responses from across the globe. People found the podcast from a range of sources including our social media and newsletter, guests’ social media and recommendations from a friend. People really enjoy the range and variety of topics covered:
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Variety of subjects on sustainability and repair is years beyond other outlets
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It’s informative and relatable without being too overwhelming
The podcast can be heard on our website, Spotify, iTunes or you can listen live on London’s Resonance FM.
Education
We launched our interactive online activity looking at the critical raw materials inside a smartphone. This explored the full lifecycle of a mobile phone from mining the minerals and metals to make it to what happens when people get rid of it. We developed this website as part of the Replay project.
We took part in a Tate Late evening event at the Tate Modern which focused on the climate crisis. Our session involved demonstrating taking apart a mobile phone and explaining the Critical Raw Materials used inside.
Objective 2 - Everyone can participate in a local repair networks that extends the lifetimes of products
The Restart Project is working towards growing repair networks in the UK and internationally, including community repair groups, repair SMEs and companies, to promote repair best practice and to forge links between them.
Community Repair
Sadly we could not run our regular Restart Parties for much of the year. Towards the end of the year, some groups started running online Restart Parties with members of the public booking slots for their fixes. These have been very successful with all the slots fully booked and members enjoying helping. These online events offer the opportunity to attempt fixes that would not be possible in-person; at one event, Restarters helped someone connect their printer to their home wifi.
In response to the Covid-19 pandemic, Restart supported community groups who collect donated laptops and other tech and then redistribute it to people in need in their local communities. We maintain a list of c omputer reuse projects across the UK on our website.
We also support community groups in London, collecting laptops with more complicated repairs or upgrades and passing them to our volunteers to work on.
We were one of the founding members of the Community Repair Network (CRN), a decentralised network of community repair groups in the UK. The aim of this network is to strengthen and support grassroots repair in the UK.
Repair Businesses
We continued to build and strengthen our relationships with businesses in London, as they are an integral part of our community and a vital part of our vision for a future in which repair is thriving.
We have continued to work on our Repair Directory, a web-based app allowing members of the public to look up details of reliable repair businesses in their local
area. The businesses in the directory must be reliable and we have a set of criteria: have positive online reviews; provide a physical address; and give a warranty on their repairs.
We have expanded the Repair Directory, working with the City of London to map repair businesses in the area. We have also worked with Repair Cafe Wales to deliver a Repair Directory for the Welsh counties.
Objective 3 - Sustainable devices and effective regulation
Restart’s work on influencing policy-makers at UK and EU level aims to raise the profile of issues around product lifetime and repairability. We use our work on repair data to provide evidence in support of our campaigning work.
UK Campaigning
We launched a petition calling on the UK government to give everyone a real right to repair. This is asking for three things: allowing spare parts and repair manuals to be available to everyone not just professionals; committing to include smartphones, tablets and laptops in the government’s measures; lowering the cost of repairs by reducing VAT on repair.
We commissioned a YouGov poll in Great Britain which showed an overwhelming majority (81%) supported an extension of the right to repair for electronics. Our poll also showed widespread support for the right to repair to be extended to community repair groups (like repair cafés) and consumers. 78% of respondents who would support an expansion of the right to repair to more products say consumers and community repair groups should have the same or more rights than repair shops.
International Repair Day was on Saturday 16th October. The theme for this year was repair lowers carbon emissions . Restart celebrated with a number of events including hosting a webinar with Professor John Barrett on exploring the impact of consumption emissions, a Restart Party for UCL students and our social for volunteers on the day itself. And repair events were held worldwide including in Africa, Asia, Australia, South America and North America.
EU Campaign
The Restart Project sits on the steering committee of this campaign whose goals are:
i) products that are designed to be repairable,
ii) everyone has access to spare parts and repair manuals, and iii) consumers are informed about product repairability.
Membership to the campaign is growing steadily, with over 60 member organisations across more than 20 countries. The network of the Right to Repair campaign is made of organisations based in several European countries and representing civil society organisations, repair businesses, community repair initiatives and public institutions.
Disguised as a “fake product launch”, the campaign highlighted what would be needed for phones to last at least 10 years. As part of the campaign, we wrote a letter to the European Commission supported by leading thinkers and activists in repair alongside members of the public. The letter was co-signed by 100 organisations and more than 7000 individuals, and discussed with the Environment Commissioner during a public event
In May, the campaign organised a protest in front of the European Commission in Brussels to highlight the commission’s lack of action on making printers more repairable. The protest took place in front of a pile of over 30 broken printers Chloe arranged to be there. This action was attended by 4 Green MEPs and some press.
Data
We continue to collect data on barriers to repair with repair activists from around the world. We use this evidence to push for longer-lasting products and our Right to Repair in future policy.
In 2021, we worked on a Citizen Science project with the support of ACTION (Participatory science toolkit against pollution) which is co-funded by the European Commission under the Horizon 2020 framework. ACTION aims to make citizen science more participatory, inclusive and citizen-led.
As part of this work, we designed and hosted a number of online microvolunteering tasks . The idea of these tasks was to engage our volunteer community to help
ensure the accuracy of the collected data, and to analyse it to provide insights we can then links to the bigger picture of our work on policy and campaigning.
In 2021, we also updated our data on measuring the environmental impact of products with support from volunteers. This is the data we use to calculate the environmental impact of repairs at community repair events. The key finding from this work is that for many new products, including laptops, blenders and smartphones, most of the impact has already occurred before we open the packaging.
We have continued to work with members of the Open Repair Alliance who have shared their data on items repaired. We led on releasing an updated version of the Open Repair Data Standard, aimed at increasing the quality of the data collected by community repair initiatives.
We have continued to work with members of the Open Repair Alliance who have shared their data on items repaired. By defining a standard way of structuring data, this allows us to combine data collected from community repair events around the world. With this, we can look for global and local trends and patterns in our repair activity, which can help us make the case for a universal right to repair. In December we led on releasing an updated version of the Open Repair Data Standard, aimed at increasing the quality of the data collected by community repair initiatives.
Organisational structure and development (including fundraising)
Organisational Structure
Day to day management of the charity was overseen by the two co-founders, one working full-time and one working part-time, and leading a core staff team: Tech & Data lead, Online Community lead, Operations lead, London Network lead, Campaigner and Communications Producer. We also worked with a growing network of freelance consultants to deliver projects. At the end of 2021, we successfully recruited for a new position, Co-Director, UK Strategy and Operations.
The Restart Project continued to be a member of the Small Charities Coalition, Good Electronics and European Environmental Bureau.
Risk Management
The Trustees considered the major risks to the organisation in regular board meetings, in light of updates from the core staff team. The full risk register is considered every six months at trustee meetings to re-evaluate if the risks have increased or decreased. These included governance risks, financial risks, staffing risks, organisational risks and external risks.
All activities run by the Restart Project were covered by its public liability insurance. Staff team and experienced volunteers regularly reviewed and improved the safety guidelines and the model risk assessment for running events.
Funding
We received funding from Interreg North West Europe for the Sharepair project. This is a new project to help build a “digital support infrastructure for citizens in the repair economy”. It runs through 2023 and supports our work with Open Repair Alliance, repair data collection, development of Restarters.net, expanding our directory of repair businesses and Fixfest.
We received funding for our work on a citizen science project with the support of ACTION (Participatory science toolkit against pollution) which is co-funded by the European Commission under the Horizon 2020 framework. ACTION aims to make citizen science more participatory, inclusive and citizen-led.
We also received a small grant from Nominet and donations directly from members of the public towards our work in reuse of laptops and smartphones, supporting organisations to receive and upgrade donations for use in the local community.
Much of our unrestricted funds came from our consultancy work on expanding the repair directory. We also secured our first sponsorship.
Plans for 2022
We expect a busy 2022. While in-person community repair events are unlikely to resume at least until the summer, we will continue to support our community and
move forward with other parts of our work. Among the projects we are working on are:
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Fixing Factories, a project funded thanks to the players of the National Lottery. We will be working with partners to operate fixing spaces in Camden high street and Brent Waste Facility
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Expand our Repair Directory, signposting users to reliable repair businesses in more areas of London.
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Lead on a UK focused campaign to put pressure on the UK government to include the real Right to Repair
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Continue to develop our platform for repairers, Restarters.net, and explore onboarding more networks of repair groups
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Increase our focus on data analysis, working with existing volunteers and citizen scientists to create ongoing engagement exploring repair data to gain insights on barriers to repair to be used to shape future policies at UK and European level
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Continue to help steer the development of the European Right to Repair campaign
Financial Review
Reserves
The intention of the reserve policy is to provide contingency for the following two “worst case scenarios” (which are not major concerns in the current circumstances):
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a) For whatever reason the organisation needs to wind up and we need to have enough unrestricted cash in order to honour commitments, particularly to staff and to other partners; and
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b) The organisation is continuing to function effectively and has a positive future but has to overcome a temporary gap in funding or deal with an unexpected major cost in order to safeguard its future.
In relation to cash flow we therefore need to keep sufficient cash available to pay bills and salaries in the event of late or non-payment of invoices.
Further financial review details
In 2021, The Restart Project’s income decreased with a gross income of £287,822 (2020: £488,752).
The majority of this income came from Restricted Grants totalling £157,989 (2020: £203,205) including Sharepair EU Interreg towards our data work and community development and ACTION towards data work.
We received £36,388 income from our trading activities, including £33,050 from our consultancy work, which is an increase on 2020.
We also received contributions towards the EU Right to Repair campaign.
Our total expenditure was £405,606 (2020: £389,767) with salaries and staff costs the largest outgoing.
We ended 2021 with £128,990 cash reserves which are held in our savings account and our current bank account.
Declaration
The Trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees
Signature ___ ___ Name ___ Mike Tuffrey ___ Tim Gonzaga Position ___ Chair of Trustees ___ Trustee 27/10/22 Date ___ 27/10/22 ___
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| The Restart Project | Charity No | 1151286 | ||||||
|---|---|---|---|---|---|---|---|---|
| Annual accounts Period start date 1/1/2021 |
for the To |
period Period end |
12/31/2021 | |||||
Section A Statement of financial activities
| The Restart Project | The Restart Project | The Restart Project | Charity No | 1151286 | ||
|---|---|---|---|---|---|---|
| Annual accounts for the period | ||||||
Period start date |
1/1/2021 |
To |
Period end |
12/31/2021 | ||
| Statement of financial activities | ||||||
| Recommended categories by Incoming resources (Note 3) Income and endowments from: |
tes | Unrestricted Restricted Endowment £ £ £ F01 F02 F03 |
Total funds Prior year £ £ F04 F05 |
|||
| Donations and legacies Charitable activities Other trading activities Investments Separate material item of income Other |
S01 S02 S03 S04 S05 S06 |
38,232 | 6,600 | - | 44,832 | 25,795 |
| 4,250 | 201,844 | - | 206,094 | 460,558 | ||
| 36,388 | - | - | 36,388 | 1,452 | ||
| 508 | - | 508 | 947 | |||
| - | - | - | - | |||
| - | - | - | - | - | ||
| Total Resources expended Expenditure on: Raising funds Charitable activities Separate material item of expense Other Total Net income/(expenditure) before i (losses) Net gains/(losses) on investments Net income/(expenditure) Extraordinary items Transfers between funds Other recognised gains/(losses): Gains and losses on revaluation of fixed assets fo Other gains/(losses) Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
S07 S08 S09 S10 S11 S12 nvestment gains/ S13 S14 S15 S16 S17 r the charity’s own use S18 S19 S20 S21 S22 |
79,378 | 208,444 | - | 287,822 | 488,752 |
| - | - | - | - | - | ||
| 204,577 | 201,029 | - | 405,606 | 389,767 | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| 204,577 | 201,029 | - | 405,606 | 389,767 | ||
| ( 125,199) |
7,415 | - | ( 117,784) |
98,985 | ||
| - | - | - | - | - | ||
| ( 125,199) |
7,415 | - | ( 117,784) |
98,985 | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| ( 125,199) |
7,415 | - | ( 117,784) |
98,985 | ||
| 279,990 | 69,335 | - | 349,325 | 250,340 | ||
| 154,791 | 76,750 | - | 231,541 | 349,325 |
Section B Balance sheet
| Guidance Notes Fixed assets |
Guidance Notes Fixed assets |
Unrestricted funds Restricted income funds £ £ F01 F02 |
Unrestricted funds Restricted income funds £ £ F01 F02 |
Endowment funds Total this year £ £ F03 F04 |
Endowment funds Total this year £ £ F03 F04 |
Total last year £ F05 |
|---|---|---|---|---|---|---|
Intangible assets (Note 15) Tangible assets (Note 14) Heritage assets (Note 16) Investments (Note 17) |
B01 B02 B03 B04 |
56,318 | - | - | 56,318 | 60,249 |
| 2,324 | - | - | 2,324 | 3,044 | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| Total fixed assets Current assets Stocks (Note 18) Debtors (Note 19) Investments (Note 17.4) Cash at bank and in hand (Note 24) Total current assets Creditors: amounts falling due within one Net current assets/(liabilities) Total assets less current liabilities Creditors: amounts falling due after one y Provisions for liabilities Total net assets or liabilities Funds of the Charity Endowment funds (Note 27) Restricted income funds (Note 27) Unrestricted funds Revaluation reserve Total funds Signed by one or two trustees on behalf of all the trustees |
B05 B06 B07 B08 B09 B10 B11 B12 B13 e B14 B15 B16 B17 B18 B19 B20 B21 |
58,642 | - | - | 58,642 | 63,293 |
| - | - | - | - | - | ||
| 2,341 | 66,001 | - | 68,342 | 85,734 | ||
| - | - | - | - | - | ||
| 118,241 | 10,749 | - | 128,990 | 212,416 | ||
| 120,582 | 76,750 | - | 197,332 | 298,150 | ||
| 24,432 | - | 24,432 | 12,194 | |||
| 96,150 | 76,750 | - | 172,900 | 285,956 | ||
| 154,792 | 76,750 | - | 231,542 | 349,249 | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| 154,792 | 76,750 | - | 231,542 | 349,249 | ||
| - | - 76,750 154,791 - |
- | ||||
| 76,750 | - | 69,335 | ||||
| 154,791 | 279,914 | |||||
| 154,791 | 76,750 | - | 231,541 | 349,249 | ||
| Signature | Print Name | Date of approval dd/mm/yyyy |
||||
| Mike Tuffrey | 27/10/22 | |||||
| Tim Gonzaga | 27/10/22 | |||||
| . |
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Section C Notes to the accounts
Note 1 Basis of preparation
This section should be completed by all charities .
1.1 Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with:
the Statement of Recommended Practice: Accounting and Reporting by Charities preparing • and with X their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with X the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
- and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.*
X
- -Tick as appropriate
1.2 Going concern
If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:
An explanation as to those factors that support Not applicable the conclusion that the charity is a going concern; Disclosure of any uncertainties that make the Not applicable going concern assumption doubtful; Where accounts are not prepared on a going Not applicable concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.
1.3 Change of accounting policy
The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }. Yes*
- -Tick as appropriate No* X
Please disclose:
(i) the nature of the change in accounting policy;
CC17a (Excel)
(ii) the reasons why applying the new accounting policy provides more reliable and more relevant information; and
(iii) the amount of the adjustment for each line affected in the current period, each prior period presented and the aggregate amount of the adjustment relating to periods before those presented, 3.44 FRS 102 SORP.
1.4 Changes to accounting estimates
No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP). Yes * -Tick as appropriate No X
Please disclose:
(i) the nature of any changes;
(ii) the effect of the change on income and expense or assets and liabilities for the current period; and
(iii) where practicable, the effect of the change in one or more future periods.
1.5 Material prior year errors
No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).
Yes * -Tick as appropriate No X
Please disclose:
(i) the nature of the prior period error;
(ii) for each prior period presented in the accounts, the amount of the correction for each account line item affected; and
CC17a (Excel)
(iii) the amount of the correction at the beginning of the earliest prior period presented in the accounts.
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Section C Notes to the accounts (cont) Note 2 Accounting policies 2.2 INCOME
This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.
| Recognition of income These are included in the Statement of Financial Activities (SoFA) when: ·the charity becomes entitled to the resources; · it is more likely than not that the trustees will receive the resources; and ·the monetary value can be measured with sufficient reliability. Offsetting There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Grants and donations Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP). Legacies Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. Government grants The charity has received government grants in the reporting period Tax reclaims on donations and gifts Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. Contractual income and performance related grants This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions. Donated goods Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution. Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'. Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable. Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable. Donated services and facilities Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably. Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. Support costs The charity has incurred expenditure on support costs. |
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| X |
| Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. Income from interest, royalties and dividends This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. Income from membership subscriptions Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities. Settlement of insurance claims Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA. Investment gains and losses This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. 2.3 EXPENDITURE AND LIABILITIES Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Governance and support costs Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Grants with performance conditions Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. Grants payable without performance conditions Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. Redundancy cost The charity made no redundancy payments during the reporting period. Deferred income No material item of deferred income has been included in the accounts. Creditors The charity has creditors which are measured at settlement amounts less any trade discounts Provisions for liabilities A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date Basic financial instruments The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. 2.4 ASSETS Tangible fixed assets for use by charity These are capitalised if they can be used for more than one year, and cost at least They are valued at cost. The depreciation rates and methods used are disclosed in note 9.2. Intangible fixed assets The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identifiable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 9.5 |
Yes No N/a |
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| X | ||||
| Yes No N/a |
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| X | ||||
| Yes No N/a |
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| Yes No N/a |
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| Yes No N/a |
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| Yes No N/a |
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| Yes No N/a |
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| X | ||||
| Yes No N/a |
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| X | ||||
| Yes No N/a |
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| X | ||||
| Yes No N/a |
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| X | ||||
| Yes No N/a |
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| X | ||||
| Yes No N/a |
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| X | ||||
| Yes No N/a |
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| X | ||||
| Yes No N/a |
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| X | ||||
| Yes No N/a |
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| Yes No N/a |
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| X | ||||
| Yes No N/a |
Th l d t t
| They are valued at cost. | X | |||||||
|---|---|---|---|---|---|---|---|---|
| Heritage assets | The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained |
Yes | No | N/a | ||||
| principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 9.6.1.4. |
X | |||||||
| Yes | No | N/a | ||||||
| They are valued at cost. | X | |||||||
| Investments | ||||||||
| Yes | No | N/a | ||||||
| X | ||||||||
| Fixed asset investments in quoted shares, traded bonds and similar investments are valued a | ||||||||
| Investments held for resale or pending their sale and cash and cash equivalents with a | Yes | No | N/a | |||||
| maturity date of less than 1 year are treated as current asset investments | X | |||||||
| Stocks and work in | Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net | Yes | No | N/a | ||||
| progress | realisable value. | X | ||||||
| Goods or services provided as part of a charitable activity are measured at net realisable value | Yes | No | N/a | |||||
| based on the service potential provided by items of stock. | X | |||||||
| Yes | No | N/a | ||||||
| Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. | X | |||||||
| Debtors | Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. |
Yes X |
No | N/a | ||||
| The charity has has investments which it holds for resale or pending their sale and cash and cash | Yes | No | N/a | |||||
| Current asset investments | equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity date of less than one year held for investment purposes rather than to meet short term cash commitments as they fall due. |
X | ||||||
| Yes | No | N/a | ||||||
| They are valued at fair value except where they qualify as basic financial instruments. | X |
POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE
Note 3 is
| Note 3 is | ||||||
|---|---|---|---|---|---|---|
| Note 3 Donations and legacies: |
Analysis of income Analysis Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ |
|||||
| Donations and gifts | 6,657 | 6,035 | - | 12,692 | 3,824 | |
| Gift Aid | 547 | 565 | - | 1,112 | 31 | |
| Legacies | - | - | - | - | - | |
| General grants provided by government/other charities |
11,588 | - | 11,588 | 2,500 | ||
| Membership subscriptions and sponsorships | - | - | - | - | - | |
| Donated goods, facilities and services | 19,440 | - | - | 19,440 | 19,440 | |
| Other | - | - | - | - | ||
| Total | 38,232 | 6,600 | - | 44,832 | 25,795 | |
| Charitable activities: Other trading activities: Income from investments: TOTAL INCOME |
Grant income | - | 157,989 | - | 157,989 | 450,366 |
| Sponsorship | 4,250 | 43,855 | - | 48,105 | 10,192 | |
| - | - | - | - | - | ||
| Other | - | - | - | - | - | |
| Total | 4,250 | 201,844 | - | 206,094 | 460,558 | |
| Pop-up Events | 850 | - | 850 | 250 | ||
| Consultancy | 33,050 | - | - | 33,050 | 269 | |
| Other | 2,488 | - | - | 2,488 | 933 | |
| Total | 36,388 | - | - | 36,388 | 1,452 | |
| Interest income | 508 | - | - | 508 | 947 | |
| Dividend income | - | - | - | - | - | |
| Rental and leasing income | - | - | - | - | - | |
| Other | - | - | - | - | - | |
| Total | 508 | - | - | 508 | 947 | |
| 79,378 | 208,444 | - | 287,822 | 488,752 | ||
| All income in the p | rior year was unrestricted except for: (please | £203,205 of restricted grant income. |
CC17a (Excel)
| Section C Notes to the accounts (cont) | Section C Notes to the accounts (cont) | Section C Notes to the accounts (cont) | Section C Notes to the accounts (cont) |
|---|---|---|---|
| Note 4 Analysis of receipts of government grants Description This year Prior year £ £ CJRS Grant proivided through the Coronavirus Job Retention Scheme - 11,588- - 2,500- |
|||
| Grant proivided through the Coronavirus Job Retention Scheme | - 11,588- |
- 2,500- |
|
| Total | - 11,588- |
- 2,500- |
CC17a (Excel)
10/23/2022
1
Section C Notes to the accounts (cont)
Note 5 Donated goods, facilities and services
| Seconded staff Use of property Other |
This year Last year £ £ |
This year Last year £ £ |
|
|---|---|---|---|
| - | - | ||
| 19,440 | 19,440 | ||
| - | - | ||
| 19,440 | 19,440 | ||
| Please provide details of the accounting policy for the recognition and valuation of donated goods, facilities and services. |
The charity uses an office space that is provided free of charge. It is estimated that a market rent for the same space would be £225 + VAT for each desk per month (£19,440 per annum) |
||
| Please provide details of any unfulfilled conditions and other contingencies attaching to resources from donated goods and services not recognised in income. Please give details of other forms of other donated goods and services not recognised in the accounts, eg contribution of unpaid volunteers. |
|||
N/a |
|||
| Volunteers are vital to the Restart Project. Restart Parties would not be possible without volunteers who act as hosts and fixers, passing on their skills and knowledge to participants. Volunteers also coordinate skillshares, events to enable restarters to develop their skills. Restart Project volunteers also run Rosie the Restarter events aimed at encouraging women and non-binary people to increase their skills and confidence and address the gender imbalance in repair. Volunteers also assist in Restart Project sorting and tidying data amongst other projects. |
CC17a (Excel)
| Section C Notes to the accounts | Section C Notes to the accounts | (cont) | (cont) | (cont) | (cont) | (cont) |
|---|---|---|---|---|---|---|
| Note 6 Analysis of expenditure Analysis Expenditure on charitable activities Educational projects Software development Community Development and Events Campaigning Other expenditure |
Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ £ £ |
|||||
| Educational projects | 21,003 | 7,398 | - | 28,401 | 56,958 | |
| Software development | 26,169 | 96,593 | - | 122,762 | 87,639 | |
| Community Development and Events | 28,511 | 34,302 | - | 62,813 | 104,467 | |
| Campaigning | 3,136 | 46,759 | - | 49,895 | 43,719 | |
| Other expenditure | 125,758 | 15,978 | - | 141,735 | 96,984 | |
| TOTAL EXPENDITURE | Total expenditure on charitable activities | 204,577 | 201,029 | - | 405,606 | 389,767 |
| 204,577 | 201,029 | - | 405,606 | 389,767 |
CC17a (Excel)
Section C Notes to the accounts
Note 10 Details of certain items of expenditure
10.1 Fees for examination of the accounts
Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).
| Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es). |
||
|---|---|---|
| Independent examiner’s fees Assurance services other than audit or independent examination Tax advisory fees Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner |
This year £ |
Last year £ |
| 440 | 440 | |
| 0 | 0 | |
| 0 | 0 | |
| 0 | 0 |
CC17a (Excel)
Section C Notes to the accounts (cont)
Note 11 Paid employees
Please complete this note if the charity has any employees.
11.1 Staff Costs
| 11.1 Staff Costs | ||
|---|---|---|
| This year | Last year | |
| £ | £ | |
| Salaries and wages | 228,079 | 227,517 |
| Social security costs | 15,765 | 16,341 |
| Pension costs (defined contribution scheme) | 11,742 | 10,662 |
| Other employee benefits | - | - |
| Total staff costs | 255,586 | 254,520 |
| Please provide details of expenditure on staff working for the charity | ||
| whose contracts are with and are paid by a related party | N/A |
Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.
| No employees received employee benefits | (excluding employer | TRUE |
|---|---|---|
| pension costs) for the reporting period of more than £60,000 | ||
| Band | Number of employees | |
| £60,000 to £69,999 | ||
| £70,000 to £79,999 | ||
| £80,000 to £89,999 | ||
| £90,000 to £99,999 | ||
| £100,000 to £109,999 | ||
| Please provide the total amount paid to | £86,014.80 | |
| key management personnel (includes | ||
| trustees and senior management) for | ||
| their services to the charity |
| Please provide the total amount paid to | £86,014.80 | |||||
|---|---|---|---|---|---|---|
| key management personnel (includes | ||||||
| trustees and senior management) for | ||||||
| their services to the charity | ||||||
| 11.2 Average head count in the year | This year Number |
Last year Number |
||||
| The parts of the charity in which the | Fundraising | - | ||||
| employees work | Charitable Activities | 6.0 | 6.0 | |||
| Governance | 1.0 | 1.0 | ||||
| Other | - | |||||
| Total | 7.0 | 7.0 |
CC17a (Excel)
11.3 Ex-gratia payments to employees and others (excluding trustees) Please complete if an ex-gratia payment is made.
Please explain the nature of the payment
Please state the legal authority or reason for making the payment
Please state the amount of the payment (or value of any waiver of a right to an asset)
11.4 Redundancy payments
Please complete if any redundancy or termination payment is made in the period.
Total amount of payment
£0
The nature of the payment (cash, asset etc.)
The extent of redundancy funding at the balance sheet date
Please state the accounting policy for any redundancy or termination payments
CC17a (Excel)
Section C Notes to the accounts (cont)
Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.
12.1 Please complete this note if a defined contribution pension scheme is operated.
Amount of contributions recognised in £11,742 the SOFA as an expense Please explain the basis for allocating the The National Employment Savings Trust (NEST) is a defined contribution liability and expense of defined workplace pension scheme. The Restart Project started paying into it in contribution pension scheme between November 2017 as their employer responsibility for automatic enrolment as activities and between restricted and part of the government's workplace pension reforms under the Pensions Act 2008. unrestricted funds.
The funds paying the pension scheme contributions come from both Restricted and Unrestricted Funds depending on which staff member the contributions are for. Some staff member salaries, NIC and pension contributions come from specific restricted grants, all others come from unrestricted funds.
12.2 Please complete this section where the charity participates in a defined benefit pension plan but is unable to ascertain its share of the underlying assets and liabilities.
Please confirm that altough the scheme is accounted for as a defined contribution plan, it is a defined benefit plan. Please provide such information as is available about the plan's surplus or deficit and the implications, if any, for the reporting charity
12.3 Please complete this section where the charity participates in a multi-employer defined benefit pension plan that is accounted for as a defined contribution plan.
Describe the extent to which the charity can be liable to the plan for other entities' obligations under the terms and conditions of the multi-employer plan
CC17a (Excel)
Section C Notes to the accounts (cont)
Note 14 Tangible fixed assets
Please complete this note if the charity has any tangible fixed assets
14.1 Cost or valuation
| 14.1 Cost or valuation | |||||
|---|---|---|---|---|---|
| Freehold land & buildings £ |
Other land & buildings £ |
Plant, machinery and motor vehicles £ |
Fixtures, fittings and equipment £ |
Total £ |
|
| At the beginning of the year Additions Revaluations Disposals Transfers * |
- -- |
- -- |
- -- |
- 3,600- |
- 3,600- |
| - -- |
- -- |
- -- |
- -- |
||
| - -- |
- -- |
- -- |
- -- |
- -- |
|
| - -- |
- -- |
- -- |
- -- |
- -- |
|
| - -- |
- -- |
- -- |
- -- |
- -- |
|
| At end of the year 14.2 Depreciation and i *Basis* Rate At beginning of the year Disposals Depreciation Impairment Transfers At end of the year 14.3 Net book value* Net book value at the beginning of the year Net book value at the end of the year |
- -- |
- -- |
- -- |
- 3,600- |
- 3,600- |
| mpairments | |||||
| SL or RB (Straight Line or Reducing Balance) |
SL or RB | SL or RB | SL | SL | |
| 5 years | |||||
| - -- |
- -- |
- -- |
- 556- |
- 556- |
|
| - -- |
- -- |
- -- |
- -- |
- -- |
|
| - -- |
- -- |
- -- |
- 720- |
- 720- |
|
| - -- |
- -- |
- -- |
- -- |
- -- |
|
| - -- |
- -- |
- -- |
- -- |
- -- |
|
| - -- |
- -- |
- -- |
- 1,276- |
- 1,276- |
|
| - -- |
- -- |
- -- |
- 3,044- |
- 3,044- |
|
| - -- |
- -- |
- -- |
- 2,324- |
- 2,324- |
|
CC17a (Excel)
10/23/2022
1
Note 15 Intangible assets
Please complete this note if the charity has any intangible assets
15.1 Cost or valuation
| At beginning of the year Additions Disposals Revaluations Transfers * |
Research & development £ |
Patents and trademarks £ |
Other £ |
Total £ |
|
|---|---|---|---|---|---|
| - | - | 132,610 | 132,610 | ||
| - | - | 33,850 | 33,850 | ||
| - | - | - | - | ||
| - | - | - | - | ||
| - | - | - | - | ||
| At end of the year 15.2 Amortisation and *Basis* Rate At beginning of the year Disposals Amortisation Impairment Transfers At end of year 15.3 Net book value* Net book value at the beginning of the year Net book value at the end of the year |
- | - | 166,460 | 166,460 | |
| impairments | |||||
| SL or RB | SL or RB | SL | SL | Straight Line ("SL") or Reducing Balance ("RB") |
|
| 3 years | 3 years | ||||
| - | - | 72,284 | 72,284 | ||
| - | - | - | - | ||
| - | - | 37,858 | 37,858 | ||
| - | - | - | - | ||
| - | - | - | - | ||
| - | - | 110,142 | 110,142 | ||
| - | - | 60,326 | 60,326 | ||
| - | - | 56,318 | 56,318 | ||
| y ccounting policy for intangible fixed assets including: |
15.4 Accounting policy
Please disclose the accounting policy for intangible fixed assets including:
CC17a (Excel)
Reasons for choosing amortisation Website costs are amortised over three years as it is rates expected that the website will continue to be developed over the period. Educational resources are amortised over three years as they will continue to be used and developed over this period. Policies for the recognition of any capital development
15.5 Impairment
Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss. 15.6 Revaluation If an accounting policy of revaluation is adopted, please provide: the effective date of the revaluation the name of independent valuer, if applicable the methods applied the carrying amount that would have been recognised had the assets been carried under the cost model. 15.7 Other disclosures (i) If your intangible asset was acquired by way of grant, provide value on initial recognition and carrying amount of the asset. (ii) Details of the carrying amounts of any intangible assets to which the charity has restricted title or that are pledged as security for liabilities. (iii) Please provide the amount of contractual commitments for the acquisition of intangible assets. (iv) State the amount of research and development expenditure recognised as expenditure in the year. (vi) Please detail the headings in the SOFA in which a charge for amortisation of intangible assets is included.
CC17a (Excel)
(vii) For any material intangible assets, please provide a description, its carrying amount and any remaining amortisation period.
* The "transfers" row is for movements between fixed asset categories.
** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction.
CC17a (Excel)
Section C Notes to the accounts (cont)
Note 19 Debtors and prepayments
Please complete this note if the charity has any debtors or prepayments.
| Please complete this note if the charity has any debtors or prepayments. |
||
|---|---|---|
| 19.1 Analysis of debtors Trade debtors Prepayments and accrued income |
This year £ |
Last year £ |
| - | - | |
| 2,341 | 2,135 | |
| 66,001 | 83,599 | |
| Other debtors Total |
68,342 | 85,734 |
CC17a (Excel)
Section C Notes to the accounts (cont)
Note 20 Creditors and accruals
Please complete this note if the charity has any creditors or accruals.
20.1 Analysis of creditors
| 20.1 Analysis of creditors | ||||||
|---|---|---|---|---|---|---|
| Amounts falling due within | Amounts falling due after | |||||
| one year | more than one year | |||||
| This year | Last year | This year | Last year | |||
| £ | £ | £ | £ | |||
| Accruals for grants payable | - | - | - | - | ||
| Bank loans and overdrafts | - | - | - | - | ||
| Trade creditors | 228 | 1,871 | - | - | ||
| Payments received on account for contracts or | ||||||
| performance-related grants | - | - | - | |||
| Accruals and deferred income | 13,388 | 998 | - | - | ||
| Taxation and social security | 9,694 | 8,332 | - | - | ||
| Other creditors | 1,122 | 993 | - | - | ||
| Total | 24,432 | 12,194 | - | - |
20.2 Deferred income
Please complete this note if the charity has deferred income.
Please explain the reasons why income is deferred.
Grant income that related to future periods have been deferred as the grant was intended to be used over a period of time in accordance with paragraph 5.22 of the SORP.
| Movement in deferred income account | This year | Last year | |
|---|---|---|---|
| £ | £ | ||
| Balance at the start of the reporting period | - | 178,489 | |
| Amounts added in current period | 12,500 | - | |
| Amounts released to income from previous periods | - | - | 178,489 |
| Balance at the end of the reporting period | 12,500 | - |
CC17a (Excel)
Section C Notes to the accounts (cont)
Note 22 Other disclosures for debtors, creditors and other basic financial instruments
22.1 Please provide information about the significance of financial instruments (eg. debtors, creditors, investments etc) to the charity's financial position or performance, for example, the terms and conditions of loans or the use of hedging to manage financial risk.
N/a
N/a
22.2 If the charity has provided financial assets as a form of security, the carrying amount of the financial assets pledged as security and the terms and conitions related to its pledge should be given here.
CC17a (Excel)
10/23/2022
1
Section C Notes to the accounts (cont)
Note 24 Cash at bank and in hand
| Note 24 Cash at bank and in hand | ||
|---|---|---|
| Short term cash investments (less than 3 months maturity date) Short term deposits Cash at bank and on hand Other |
This year £ |
Last year £ |
| - | - | |
| - | - | |
| 128,990 | 212,416 | |
| - | - | |
| Total | 128,990 | 212,416 |
CC17a (Excel)
Section C Notes to the accounts (cont)
Note 27 Charity funds
27.1 Details of material funds held and movements during the CURRENT reporting period
Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.
* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds
| Fund names | Type PE, EE **R or UR *** |
Purpose and Restrictions | Fund balances brought forward £ |
Income £ |
Expenditure £ |
Transfers £ |
Gains and losses £ |
Fund balances carried forward £ |
|---|---|---|---|---|---|---|---|---|
| Shuttleworth Foundation | R | 11,393 | ( 11,393) |
- | - | - | ||
| REFER | R | 15,544 | 888 | ( 16,432) |
- | - | - | |
| NESTA | R | 19,000 | ( 19,000) |
- | - | |||
| RePlay | R | 610 | 3,007 | ( 3,617) |
- | - | - | |
| ShaRepair | R | 22,788 | 133,954 | ( 95,164) |
- | - | 61,578 | |
| EU Campaign | R | - | 44,903 | ( 30,142) |
- | - | 14,761 | |
| London Laptops | R | - | 5,552 | ( 5,141) |
- | - | 411 | |
| Action | R | - | 17,140 | ( 17,140) |
- | - | - | |
| Nominet | R | - | 3,000 | ( 3,000) |
- | - | - | |
| - | - | - | - | - | - | |||
| Other funds | N/a | N/a | - | - | - | - | - | - |
| Total Funds | 69,335 |
208,444 | (201,029) | - | - | 76,750 |
CC17a (Excel)
Section C Notes to the accounts (cont)
Note 28 Transactions with trustees and related parties
If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.
28.1 Trustee remuneration and benefits
None of the trustees have been paid any remuneration or received any other benefits from an employment TRUE with their charity or a related entity (True or False)
28.2 Trustees' expenses
If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".
No trustee expenses have been incurred (True or False)
TRUE
28.3 Transaction(s) with related parties
Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.
There have been no related party transactions in the reporting period (True or False) TRUE
CC17a (Excel)
Section C Notes to the accounts (cont)
Note 29 Additional Disclosures
The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.
CC17a (Excel)