2023-12-31-accounts

The Restart Project

TRUSTEES’ ANNUAL REPORT AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Registered Charity Number: 1151286 therestartproject.org

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TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

CONTENTS

Structure, Governance & Management	2
Objectives and Achievements	3
Plans for 2024	11
Organisational structure and development (including fundraising)	12
Financial Review	13
Declaration	14

Structure, Governance & Management

The Board of Trustees presents its directors’ report and financial statements for the period 1 January 2023 - 31 December 2023.

Reference and Administrative Information

Charity Name:

The Restart Project

Charity registration number: 1151286

Registered Office and 3Space International House operational address: 6 Canterbury Crescent London SW9 7QD

Board of Trustees

Karien Bezuidenhout Tara Carey James Carrigan Gemma Del Pozzo

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Alexandra Deschamps-Sonsino Gordon Fergus Tim Gonzaga (Treasurer) Karl Stefan Hall Friederike Hanisch Norah Lewis Mike Tuffrey (Chair)

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 Achievements

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.

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Main Activities & Achievements for 2023

• We launched the UK Repair & Reuse Declaration which built on our previous success of the Manchester Declaration

• We exceeded our expectations for International Repair Day recording 1500 events globally, and over 100 of those were held in the UK

• We held another successful Fixfest in the UK with over 100 attendees

• We launched the UK repair map with our partners in the Community Repair Network

• We won European Union Prize for Citizen Science (Ars Electronica)

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.

Speaking appearances

We were pleased to be asked to share our work and spread the message of Right to Repair at many events, conferences and paid events this year including:

• Ashden London Councils meeting

• Dyson

• PIE Factory, 1% for the planet gathering

• Suez Green Jobs webinar

• Circular Communities Scotland

• Design Council, Repair Roundtable

• Mobile News, Mobile Circular Summit

• TedX Verese

• Royal Academy of Engineering

• University of Limerick

• Beazley Insurance

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Education

We worked with the Community Repair Network supported by funding from Hubbub and Virgin Media O2’s Time After Time E-Waste fund on the Student Repair Revolution project. Alongside our partners, we amplified awareness of e-waste and made repair and repair skills more accessible to students.

The project's main aims were to create more awareness about e-waste, and help young people to keep their devices in use for longer through enabling students to have access to repair knowledge and repair communities on their campuses.

Further funding from Hubbub and Virgin Media O2’s Time After Time E-Waste fund allowed us to work with our partner Possible through the Fixing Factories to develop a laptop repair course for young people.

With continued support from Nominet , we were able to evaluate and further develop our reuse directory making it easier for people to donate unwanted items.

Objective impact : We continue to be a leading voice in support of repair by encouraging a broader audience to change their behaviours. Through our speaking appearances and our educational work in 2023 we have been able to reach a younger and more diverse audience, and create ongoing working relationships with organisations that widen our impact.

Objective 2 - Everyone can participate in a local repair network that extends the lifetimes of products

The Restart Project is growing repair networks in the UK and internationally, including community repair groups, repair SMEs and larger companies, to promote repair best practice and to forge links between them.

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Community Repair

We continue to see an increase in community repair throughout the UK and internationally through the use of our platform for organisers and volunteers, Restarters.net . This year saw 216 repair groups sign up, with 86 of those in the UK.

The total number of events held in London by the groups we actively support was 136. Our support is in the form of set-up advice, best practice and sometimes providing fixers.

Our work with councils, local authorities and waste authorities continues to go from strength to strength with a total of 23 events where we offered support ranging from supplying fixers to full Restart Party coordination and skillshares. A grant from Nominet Give Hub enabled us to increase our support for these types of events.

We collaborated with Repair Cafe Wales with support from other members of the Community Repair Network to hold another successful Fixfest, hosted in Cardiff. The event was a great success with over 150 tickets sold. We announced the soft launch of our Repair & Reuse Declaration asking attendees to encourage their local MP’s to sign.

The Community Repair Network Repair Group map was completed in June and at the end of 2023 had 517 repair cafes listed on it across the UK.

We continued to develop Restarters.net , our platform to connect community repairers, capture repair data and demonstrate the impact of local events. We have added 3 new regional and national networks to our platform in 2023, taking the total to 6. These networks use the platforms to support their group and capture data.

Fixing Factory

The funding from The National Lottery Community Fund for the two Fixing Factory sites comes to an end in early 2024. Using the wealth of knowledge and

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data gained over the years, we are focusing our efforts on creating the blueprint for more permanent community fixing spaces.

The Brent site, led by The Restart Project, was located within a reuse and recycling centre with support from West London Waste Authority.

Impact from Brent Fixing Factory:

• Almost 250 kg of waste and over 18 tonnes of greenhouse gas emissions were avoided through keeping laptops in use for longer

• 206 laptops were refurbished and 180 rehomed to refugee and asylum seekers, isolated people and job seekers across Brent

• We fixed an additional 85 devices during the Dr.Laptop community repair sessions, equating to 44,371kg of prevented CO2e emissions

• Over its time there were 110 volunteers, including 22 young people who completed work experience, In total they contributed 1270 hours of their time

The Camden site, run by our partner Possible, is largely volunteer run and is powered by around 55 volunteer hours per week. This site offers the community weekly repair clubs and hosts training sessions for young people.

As planned, the temporary Brent site was closed in late 2023 whilst the Camden site remains open.

Repair Businesses

We refreshed our online repair business network directory; londonrepairs.org which allows members of the public to find reliable repair businesses in London

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Objective impact (local networks) : We have seen a staggering increase of data come through Restarters.net with over 35,000 repair attempts, across 2,971 events and 1,171 new users registered. This equates to an estimated 69 tonnes of waste diverted from landfill and 571 tonnes of CO2 equivalent emissions prevented.

Our work with the two Fixing Factories has enabled us to gather evidence of impact and community desire to have access to projects like this. Throughout the project's lifespan, 567 people have had electrical items fixed at no cost. This, and bringing laptops back into use, has saved over 3 tonnes of e-waste - equating to 53 tonnes of Co2. Partners from across London and beyond have approached us to learn from, and potentially replicate the Fixing Factory.

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

The Repair and Reuse declaration was launched on Repair Day in October. The declaration was built on input from partners across the repair and reuse sector, including businesses, national NGOs and Repair Cafes, and was a prominent part of Fixfest. A policy briefing was developed to support political engagement efforts.

At launch, the declaration already had 130 signatories ranging from community repair groups; national organisations (including the Design Council, Keep Britain Tidy, the Women’s Institute, Salvation Army and Green Alliance), businesses, including SUEZ and Back Market and cross party MPs

International Repair Day

Repair Day 2023 exceeded expectations, with over 1500 events globally, up from 447 in 2022. Events included the premiere of a new kids drama on repair in the

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Netherlands, a human vs AI fixing battle in Berlin and refugee-led training on electrical fixing for women in Uganda.

We created sharegraphics that were adapted and used by partners across the world.

Over 100 events were held in the UK. Repair events took place from Moray, Scotland, to Pembroke Dock, Wales; Foyle NI to Faversham in Kent. Events included an online repair skill share and a Free Your Mind sci fi show launch, alongside a swathe of volunteer-run community repair events

European Right to Repair Campaign

The Restart Project helped found, sits on the steering committee, and hosts the coordinator 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 of the campaign is growing steadily. The network is made up of more than 150 organisations based in over 22 European countries and representing environmental NGOs and repair actors such as community repair groups, social economy actors, spare parts distributors, self-repairers, repair and refurbishing businesses, and any citizen who would like to advocate for their right to repair.

There was a big win in 2023 with new EU rules for batteries, and a milestone for the European Right to Repair Campaign with new smartphone legislation published.

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Data and Research

With funding from Innovate UK , we were able to undertake a waste composition analysis. We spent a week testing all the small electronic or electrical devices brought into the Abbey Road Reuse and Recycling Centre in Brent for recycling. We tested 599 products and found that 36.2% (217) of them had the potential to be immediately reused, while an additional 57 (9.5%) required only minor repairs.

We released a new data download feature on Restarters.net which gave users an easy way to generate stats to show the impact of their work. As well as providing an output for users, this new feature encourages people to add their data in the knowledge they are contributing to wider efforts to understand why our products break and push for Right to Repair legislation.

Our continued work on the Open Repair Alliance with our partners has allowed us to collect data on over 35,000 repair attempts around the world. We saw a 60% increase in the number of data downloads from the previous year, totalling 395 in 2023. The downloads are from a range of users namely; repair groups, personal use, academic and business/government.

Objective impact: We continue to be at the forefront in the collection and open use of repair data and other analysis to highlight the need for stronger repair and reuse policy. Our networks and campaigning ensure that research and repair stories are heard by the politicians that can make a difference.

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Plans for 2024

Among the projects we plan to work on are:

• Expanding and scaling-up Fixing Factories, developing a business model that works.

• Continue to lead on a UK focused Student Repair Revolution project to reduce e-waste in universities and engage students in repair and reuse.

• Continue to develop our platform for repairers, Restarters.net , and explore onboarding more networks of repair groups

• Develop our work with partners on repair data analysis, working with existing volunteers and citizen scientists to to gain insights on barriers to repair to be used to shape future policies at UK and European level

• Continue to help steer the development of the European Right to Repair campaign to ensure EU policy is as ambitious as possible.

• Build political, business, community and institutional engagement with the UK Repair and Reuse Declaration, to get repair and reuse higher on the agenda of UK politics.

Organisational structure and development (including fundraising)

Organisational Structure

Day to day management of the charity was overseen by two Co-Directors, one focused on UK Strategy & Operations and one focused on International Strategy. They led a core team of Tech Lead, Online Community Lead, Operations Lead, London Network Coordinator, Campaigner, Communications Producer, Fixing Factory Project Coordinator and Student Engagement Coordinator. We also worked with freelance consultants to deliver projects.

The Restart Project continued to be a member of Good Electronics, the European Environmental Bureau and the Right to Repair Europe Coalition.

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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. The staff team and experienced volunteers regularly review and improve the safety guidelines and the model risk assessment for running events.

Funding

Funding received in 2023 from Interreg North West Europe for the Sharepair project was the final payment for the project that started in 2020. The funding supported our work on the Open Repair Alliance, repair data collection, development of Restarters.net , expanding our directory of repair businesses and Fixfest. Funding received from Nominet helped to support the ongoing work for this project after the Sharepair funding ended in May.

Our work on the Fixing Factories continued to be funded by The National Lottery Community Fund which will come to an end in early 2024. Work is ongoing to secure continued funding for the project.

Joseph Rowntree Charitable Trust funds our work to campaign for the Right to Repair policy in the UK

New funding received in 2023 came from Hubbub to cover two projects. One relating to the Student Repair Revolution and the other to support training based out of the Queens Crescent Fixing Factory.

Restart also received funding from one sponsorship agreement, and took part in The Big Give’s Green Match fund and the Aviva Community Match Fund to secure matched public crowd funding.

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Additional unrestricted funds came from our trading activities including consultancy work and delivering events and talks, as well as from donations from the general public.

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):

• 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

• 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.

The aim of the policy is to keep a minimum level of cash (restricted or unrestricted) in the charity's accounts sufficient to pay 3 months of fixed costs.

Further financial review details

In 2023, The Restart Project’s gross income was £536,651 (2022: £619,368).

The majority of this income came from Restricted Grants totalling £385,873 (2022: £390,932) including Interreg North West Europe, Joseph Rowntree Charitable Trust, The National Lottery Community Fund, Nominet and Hubbub.

We also received contributions towards the EU Right to Repair campaign which are restricted for its use.

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Unrestricted income was made up of Grant income and additional funding of EUR 20,000 for winning an EU prize for citizen science.

We received £39,879 of additional Unrestricted income from our trading income which is made up of events and consultancy work.

Our total expenditure increased to £597,696 (2022: £572,842).

We ended 2023 with £166,168 in unrestricted reserves; with cash of £159,751, £108,897 of which was unrestricted

Declaration

The Trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees

Signature ___ ___ Name ___ Michael Tuffrey ___ Tim Gonzaga Chair Trustee Position ___ ___ 24/10/2024 24/10/2024 Date ___ ___

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Independent Examiner's report to the Trustees on the UDaudited finaneial ststemeDts of The Restart Proj¢¢L I trport to the trjstees on my gxamination of the fiD￿claI ststements of The Restart Project (the Trust) for the year ended 31 I￿ceMb￿ 2023. RupofvFsibilitia andbasil ofreport As the charity tntstees of the T￿￿t you are respOnsi￿le for the preparalioD of the financia] statements in a¢cordan with lh¢ requiranents olthe Charities Aet 2011 ('the Act'l. I re￿rt in r¢spert of rny exarninatton of the Tn￿'S fi[￿1￿1a1 staternertts eaTried ￿t under sttÉion 145 of the 2011 Act and ¢arying out my eXa￿￿natIOn I hav¢ followed all the 4)plicable Directions given by the Charity Commi&gion under se¢tion 145(5Xb) of the Act. Jndependent £¥aMin¢r's stthement I have completed my examination. I confirm that no n)aterial matters have cotne to My att¢Dtion in conneotioll with the exarnination giving me cause to believe that in any material respect.. l) accounting records were kept in respect of the Trust as Tequired by sertion 130 of the Act. or 2) the fill￿claI ststements do notaccord withthoserecoTds. I have no c4)ncerns and have come across no othervnatta5 in connection with tbe examination to which attention should be drawn ill this report in order to ellable a prop understhnding of the fU￿icial statements to be reache Signed.. Charles Tait (ACA Charles Tait Aoeounting Limited D*e:

Charity No 1151286

The Restart Project

Annual accounts for the period 1/1/2023 To Period end 31/12/2023

Period start date

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	1/1/2023	To	Period end	31/12/2023
	Statement of financial activities
Recommended categories by Incoming resources (Note 3) Income and endowments from:	tes	Total funds Unrestricted Restricted Endowment Prior year £ £ £ £ £ F01 F02 F03 F04 F05
Donations and legacies Charitable activities Other trading activities Investments Separate material item of income Other	S01 S02 S03 S04 S05 S06	58,658	3,434	-	62,092	89,355
		48,517	385,873	-	434,390	484,980
		39,879	-	-	39,879	44,859
		290	-		290	174
		-	-	-	-	-
		-	-	-	-	-
Net income/(expenditure) before gains/(losses) Net income/(expenditure) Transfers between funds Other recognised gains/(losses): Resources expended Extraordinary items Expenditure on: Raising funds Charitable activities Separate material item of expense Other Net gains/(losses) on investments Gains and losses on revaluation of fixed assets f Other gains/(losses) Total funds brought forward Total Total Net movement in funds Total funds carried forward Reconciliation of funds:	investment S07 S08 S09 S10 S11 S12 S13 S14 S15 S16 S17 or the charity’s own use S18 S19 S20 S21 S22	147,344	389,307	-	536,651	619,368
		-	-	-	-	-
		197,576	400,120	-	597,696	572,842
		-	-	-	-	-
		-	-	-	-	-
		197,576	400,120	-	597,696	572,842
		( 50,232)	( 10,813)	-	( 61,045)	46,526
		-	-	-	-	-
		( 50,232)	( 10,813)	-	( 61,045)	46,526
		-	-	-	-	-
		( 631)	631	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		( 50,863)	( 10,182)	-	( 61,045)	46,526
		217,031	61,036	-	278,067	231,541
		166,168	50,854	-	217,022	278,067

CC17a (Excel)

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 Date of approval dd/mm/yyyy - 112,242 47,679 - 278,067 61,036 217,031 - 44,340 1,604 - 45,944 - - 167,560 279,802 232,123 278,067 - - 278,067 24/10/2024 24/10/2024
Investments (Note 17) Intangible assets (Note 15) Tangible assets (Note 14) Heritage assets (Note 16)	B01 B02 B03 B04	36,987	-	-	36,987	44,340
		884	-	-	884	1,604
		-	-	-	-	-
		-	-	-	-	-
(Note 27) Debtors (Note 19) Restricted income funds Unrestricted funds Revaluation reserve Stocks (Note 18) Investments (Note 17.4) Cash at bank and in hand (Note 24) amounts falling due within on amounts falling due after one Provisions for liabilities Endowment funds (Note 27) Current assets Funds of the Charity Signed by one or two trustees on behalf of all the trustees Total net assets or liabilities Total fixed assets Total current assets Net current assets/(liabilities) Total assets less current liabilities Total funds Creditors: Creditors:	e y B05 B06 B07 B08 B09 B10 B11 B12 B13 B14 B15 B16 B17 B18 B19 B20 B21	37,871	-	-	37,871	45,944
		-	-	-	-	-
		45,017		-	45,017	112,242
		-	-	-	-	-
		108,897	50,854	-	159,751	167,560
		153,914	50,854	-	204,768	279,802
		25,617	-	-	25,617	47,679
		128,297	50,854	-	179,151	232,123
		166,168	50,854	-	217,022	278,067
		-	-	-	-	-
		-	-	-	-	-
		166,168	50,854	-	217,022	278,067
		-			50,854 166,168 - -	-
			50,854	-		61,036
		166,168				217,031
						-
		166,168	50,854	-	217,022	278,067
		Signature		Print Name		Date of approval dd/mm/yyyy
				Michael Tuffrey		24/10/202
				Tim Gonzaga		24/10/2024

CC17a (Excel)

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:

• and with • and with		X	the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
		X

• 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; (ii) the reasons why applying the new accounting policy provides more reliable and more relevant information; and*_

CC17a (Excel)

(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:

----- Start of picture text -----
(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.
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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 (iii) the amount of the correction at the beginning of the earliest prior period presented in the accounts.

CC17a (Excel)

Section C Notes to the accounts (cont)

Note 2 Accounting policies 2.2 INCOME

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 Offsetting Grants and donations Legacies Government grants Tax reclaims on donations and gifts Contractual income and performance related grants Donated goods Donated services and facilities Support costs Volunteer help Income from interest, royalties and dividends 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. 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 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 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. The charity has received government grants in the reporting period 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. 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 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 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. The charity has incurred expenditure on support costs. The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.
		X
	No N/a Yes
		X
	No N/a Yes
		X
	No N/a Yes
		X
	No N/a Yes
				X
	No N/a Yes
			X
	No N/a Yes
		X
	No N/a Yes
		X
	No N/a Yes
				X
	No N/a Yes
				X
	No N/a Yes
				X
	No N/a Yes
				X
	No N/a Yes
				X
	No N/a Yes
		X
	No N/a Yes
		X
	No N/a Yes
		X
	No N/a Yes
		X
	No N/a Yes
		X
	No N/a Yes
Income from membership Membership subscriptions received in the nature of a gift are recognised in Donations and

Income from membership	Membership subscriptions received in the nature of a gift are recognised in Donations and
subscriptions	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	This includes any realised or unrealised gains or losses on the sale of investments and
losses	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
	They are valued at cost.
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 principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 9.6.1.4.
	They are valued at cost.
Investments
	Fixed asset investments in quoted shares, traded bonds and similar investments are valued
	Investments held for resale or pending their sale and cash and cash equivalents with a
	maturity date of less than 1 year are treated as current asset investments

					X
	Yes		No		N/a
					X
	Yes		No		N/a
					X
	Yes		No		N/a
					X
	Yes		No		N/a
	X
	Yes		No		N/a
	X
	Yes		No		N/a
	X
	Yes		No		N/a
					X
	Yes		No		N/a
	X
	Yes		No		N/a
					X
	Yes		No		N/a
	X
	Yes		No		N/a
	X
	Yes		No		N/a
					X
	Yes		No		N/a
	X

	Yes		No		N/a
	X
	Yes		No		N/a
	X
	Yes		No		N/a
	X
	Yes		No		N/a
	X
	Yes		No		N/a
					X
	Yes		No		N/a
					X
	Yes		No		N/a
					X
	Yes		No		N/a
					X

Stocks and work in progress Debtors Current asset investments POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE	Stocks and work in progress Debtors Current asset investments POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE	Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value. Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock. Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. 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. The charity has has investments which it holds for resale or pending their sale and cash and cash 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. They are valued at fair value except where they qualify as basic financial instruments.	No N/a Yes	No N/a Yes	No N/a Yes	No N/a Yes
						X
			No N/a Yes
						X
			No N/a Yes
						X
			No N/a Yes
				X
			No N/a Yes
						X
			No N/a Yes
						X

Section C Notes to the accounts (cont)

Note 3 Analysis of income

Note 3	Analysis of income	Analysis of income	Analysis of income	Analysis of income	Analysis of income	Analysis of income
Donations and legacies:	Analysis £ £ Unrestricted funds Restricted income funds Endowment funds Total funds Prior year
	Donations and gifts	37,079	3,434	-	40,513	69,157
	Gift Aid	2,139	-	-	2,139	758
	Legacies	-	-	-	-	-
	General grants provided by government/other charities	-		-	-	-
	Membership subscriptions and sponsorships	-	-	-	-	-
	Donated goods, facilities and services	19,440	-	-	19,440	19,440
	Other	-	-	-	-	-
	Total	58,658	3,434	-	62,092	89,355
Charitable activities: Other trading activities: Income from investments: TOTAL INCOME	Grant income	26,831	385,873	-	412,704	391,979
	Sponsorship	20,000		-	20,000	92,944
		-	-	-	-	-
	Other	1,686	-	-	1,686	57
	Total	48,517	385,873	-	434,390	484,980
	Pop-up Events	28,075		-	28,075	20,800
	Consultancy	11,371	-	-	11,371	24,059
	Other	433	-	-	433	-
	Total	39,879	-	-	39,879	44,859
	Interest income	290	-	-	290	174
	Dividend income	-	-	-	-	-
	Rental and leasing income	-	-	-	-	-
	Other	-	-	-	-	-
	Total	290	-	-	290	174
		147,344	389,307	-	536,651	619,368

All income in the prior year was unrestricted except for: (please

£390,932 of restricted grant income, £3,967 of donations and £49,082 of sponsorship

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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.
	N/a

Please give details of other forms of other donated goods and services not recognised in the accounts, eg contribution of unpaid volunteers.

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.

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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	22,727	21,040	-	43,767	32,430
	Software development	37,354	56,640	-	93,994	105,392
	Community Development and Events	18,746	141,334	-	160,080	218,203
	Campaigning	46,540	124,216	-	170,757	94,506
	Other expenditure	72,209	56,890	-	129,099	122,311
TOTAL EXPENDITURE	Total expenditure on charitable activities	197,576	400,120	-	597,696	572,842
		197,576	400,120	-	597,696	572,842

CC17a (Excel)

Section C Notes to the accounts (cont)

Note 9 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

This year

This year
Support cost (examples)	Educational	Software	Community	Campaigning	Other	Grand total	Basis of allocation
	£	£	£	£	£	£	(Describe method)
Governance	-	-	-	-	489	489
Proportion of staff time spent on finance, governance and HR	-	-	-	-	36,143	36,143	70% Operations Lead 10% for each Co-Director
Accountancy fees	-	-	-	-	9,230	9,230
Other	-	-	-	-	19,440	19,440	Office rental including cost of donated facilities
Total	-	-	-	-	65,302	65,302

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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 £
	488.75	440
	0	0
	0	0
	0	0

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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	313,858	261,020
Social security costs	35,332	20,847
Pension costs (defined contribution scheme)	20,307	16,792
Other employee benefits	-	-
Total staff costs	369,497	298,659
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	No employees received employee benefits (excluding employer	TRUE	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		£113,756
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	6.9	6.6
	Governance	1.0	1.0
	Other		-
	Total	7.9	7.6

11.3 Ex-gratia payments to employees and others (excluding trustees) Please complete if an ex-gratia payment is made.

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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

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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 the SOFA as an expense

----- Start of picture text -----
£20,307
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Please explain the basis for allocating the liability and expense of defined contribution pension scheme between activities and between restricted and unrestricted funds.

The National Employment Savings Trust (NEST) is a defined contribution workplace pension scheme. The Restart Project started paying into it in November 2017 as their employer responsibility for automatic enrolment as part of the government's workplace pension reforms under the Pensions Act 2008.

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

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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 £
Additions Revaluations Disposals Transfers * At the beginning of the	-	-	-	3,600	3,600
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
14.2 Depreciation and *Basis* 14.3 Net book value Rate At end of the year Disposals Depreciation Impairment Transfers* At end of the year Net book value at the beginning of the year Net book value at the end of the year At beginning of the year	-	-	-	3,600	3,600
	impairments
	SL or RB (Straight Line or Reducing Balance)	SL or RB	SL or RB	SL	SL
				5 years
	-	-	-	1,996	1,996
	-	-	-	-	-
	-	-	-	720	720
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	2,716	2,716
	-	-	-	1,604	1,604
	-	-	-	884	884

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24/10/2024

1

Section C Notes to the accounts

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 £
	-	-	188,820	188,820
	-	-	24,892	24,892
	-	-	-	-
	-	-	-	-
	-	-	-	-
15.2 Amortisation an *Basis* 15.3 Net book value Rate At end of the year At beginning of the year Disposals Amortisation Impairment Transfers* At end of year Net book value at the beginning of the year Net book value at the end of the year	-	-	213,712	213,712
	d impairments
	SL or RB	SL or RB	SL	SL	Straight Line ("SL") or Reducing Balance ("RB")
			3 years	3 years
	-	-	144,480	144,480
	-	-	-	-
	-	-	32,245	32,245
	-	-	-	-
	-	-	-	-
	-	-	176,725	176,725
	-	-	44,340	44,340
	-	-	36,987	36,987
	ccounting policy for intangible fixed assets including: y

15.4 Accounting policy

Please disclose the accounting policy for intangible fixed assets including:

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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.

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(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 d d ti

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Section C Notes to the accounts (cont)

Note 19 Debtors and prepayments Please complete this note if the charity has any debtors or prepayments.

Note 19 Debtors and 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 £
	-	-
	32,266	12,399
	12,751	99,843
Total	45,017	112,242

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	Amounts falling due after
		within one year	more than one year
		This year Last year	This year	Last year
		£ £	£	£
Accruals for grants payable		- -	-	-
Bank loans and overdrafts		- -	-	-
Trade creditors		6,968 309	-	-
Payments received on account for contracts or
performance-related grants			-	-
Accruals and deferred income		6,246 31,415	-	-
Taxation and social security		8,941 12,368	-	-
Other creditors		3,462 3,587	-	-
	Total	25,617 47,679	-	-

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		-	-
Amounts added in current period		-	30,148
Amounts released to income from previous periods		-	-
Balance at the end of the reporting period		-	30,148

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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.

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.

N/a N/a

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24/10/2024

1

Section C Notes to the accounts (cont)

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 £
	-	-
	-	-
	159,751	167,560
	-	-
Total	159,751	167,560

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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 £
Sharepair	R		-	65,621	( 65,621)	-	-	-
EU Campaign	R		32,057	49,292	( 61,892)	-	-	19,457
Nominet	R		-	25,000	( 14,011)	-	-	10,989
London Laptops	R		411		( 411)			-
Funding Network	R		701		( 701)	-	-	-
Innovate UK	R		-	10,996	( 10,996)	-	-	-
Joseph Rowntree	R		17,867	63,613	( 78,956)	-	-	2,524
National Lottery	R		10,000	125,578	( 136,209)	631	-	-
Hubbub	R		-	49,207	( 31,323)	-	-	17,884
			-	-	-	-	-	-
Other funds	N/a	N/a	-	-	-	-	-	-
Total Funds			61,036	389,307	(400,120)	631	-	50,854

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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)	Section C Notes to the accounts (cont)	Section C Notes to the accounts (cont)	Section C Notes to the accounts (cont)
Note 27 Charity funds (cont)
27.3 Transfers between funds
This year
	Reason for transfer and where endowment is converted to income, legal power for its conversion					Amount
Between unrestricted and restricted funds	To cover a small deficit in one restricted fund					631
Between endowment and restricted funds						-
Between endowment and unrestricted funds						-
						631
Last year
	Reason for transfer and where endowment is converted to income, legal power for its conversion					Amount
Between unrestricted and restricted funds						-
Between endowment and restricted funds						-
Between endowment and unrestricted funds						-
						-
27.4 Designated funds
This year
Planned use	Purpose of the designation					Amount
						-
						-
						-
						-
						-
						-
Last year
Planned use	Purpose of the designation					Amount
						-
						-
						-
						-
						-
						-

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 TRUE employment 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

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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.

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