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2024-12-31-accounts

Docusign Envelope ID: 63611EE6-7976-49CC-AD53-CD5041F1A4C7

The Restart Project

TRUSTEES’ ANNUAL REPORT AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Registered Charity Number: 1151286 therestartproject.org

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TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

CONTENTS

Structure, Governance & Management 2
Objectives and Achievements 3
Plans for 2025 11
Organisational structure and development 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 2024 - 31 December 2024.

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

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Board of Trustees

Karien Bezuidenhout Tara Carey James Carrigan Gemma Del Pozzo Alexandra Deschamps-Sonsino Gordon Fergus Tim Gonzaga (Treasurer) Karl Stefan Hall (resigned on 11 October) 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 introduced to Restart’s strategy, are encouraged to attend Restart Parties as part of their induction, and are offered opportunities for additional training when appropriate.

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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.

Activities

The Restart Project aims to put an end to the throwaway economy: making electronics work for people, for the planet, and for longer.

We do that by supporting and developing community repair initiatives such as repair cafes and Fixing Factories, and testing out innovative projects to make repair cheaper and available to everyone. But we can only do so much within a system that's broken.

So we campaign for change, harnessing our relationships across the repair and reuse sector, using the evidence we gather from our programmes and from our broad community to campaign for a world in which repair and reuse are the norm.

Highlights for 2024

  1. Global International Repair Day, on 19th October : with over 2,000 events in 40+ countries , continuing with the “Repair for Everyone” theme

  2. Launched The Rise of Community Repair report , driven by Open Repair Alliance data

  3. Published Beyond Recycling of E‑Waste report , documenting audit findings at UK recycling centres

  4. Hosted a Repair Café in Parliament , engaging 30+ MPs with the UK Repair & Reuse Declaration

  5. Helped achieve the Right to Repair Directive in the EU, working as part of Right to Repair Europe coalition we co-lead

  6. Secured funding and began expanding the Fixing Factories project

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Activities and achievements by strategic objective

Objective 1 - Inspire a culture change so people use stuff longer and appreciate it more

Goal : 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.

International Repair Day 2024

Repair Day continues to grow and this year was no exception. From 15th birthday celebrations for Repair Café International in the Hague and an open air repair café in the Grand-Place in Brussels, to repair training courses for refugees in Uganda, and a talk by the Australian Repair Network in Brisbane. Repair truly was everywhere.

In all, over 2,000 events in more than 40 countries took place during the Repair Day period, far exceeding last year’s record. International Repair Day will return on the 18th of October 2025.

Getting Repair in the News

In 2024, we secured media coverage over 50 times on TV, on radio and online. We worked with media outlets ranging from the BBC to The Guardian, Forbes, The Verge and The Telegraph as well as publications from Italy to India to talk about why repair matters, how people can get involved and why we need a universal Right to Repair enshrined in law.

Objective 1 impact (culture change) : The ongoing growth of repair day and the impressive media coverage secured by this and other Restart Project activities is crucial for raising the profile or repair. As Helen Hayes MP said, “ repair is so obvious that it’s often forgotten ”.

By reminding people about the joy, importance and availability of repair we are helping to make repair the first, not the last thought when something breaks.

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

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

Fixing Factory expansion

Fixing Factories are permanent spaces on our high streets, which allow people to bring in broken electronics and appliances to be fixed for free, while gaining the skills they need to make repairs themselves in the future.

We were delighted to secure funding along with our partner Possible, to bring Fixing Factories to three new high streets in London over the next three years.

The new sites will help more Londoners access dedicated repair spaces, learn repair skills and save money by keeping their existing things in use for longer, while also reducing waste and emissions.

Student Repair Revolution

We teamed up with our friends in the Community Repair Network to bring repair into universities across the UK. Together with staff and students at over a dozen universities, we worked to create more awareness about e-waste, and help young people get hands on with repair, often for the first time.

The resources we produced are now available for anyone who wants to bring repair to their own campus!

Supporting Repair Cafes

We continued to support the London community repair network to grow, working with councils to help groups to start up, and offer skillshares. In total we directly supported 33 repair events organised or supported by London councils and waste authorities. The total number of events held in London by the groups we actively support was 137. Our support is in the form of set-up advice, best practice and sometimes providing fixers.

Meanwhile we worked with the UK wide Community Repair Network to develop a strategy for a more formal UK repair and sharing network, including capacity to support repair cafes and tool libraries across England. We are working to secure funding for this initiative.

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 163 repair groups sign up, with 63 of those in the UK.

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Repair Voucher Scheme Pilot

In late 2024, in partnership with ReLondon, we secured funding from North London Waste Authority to pilot the UK’s first repair voucher scheme. The launch will take place in 2025 in seven North London boroughs. The aim of the pilot is to test the impact of financial incentives in motivating Londoners to choose repair over disposal and replacement.

Objective 2 impact (local networks) : By supporting the London repair cafe network to expand and thrive, and expanding high street repair through our Fixing Factories, we are making repair more available and visible to Londoners.

By working with the Community Repair Network to support repair cafes across the country and encourage students to develop repair programmes, we helped to bring repair to more people across the UK. And by providing a platform for community repair groups to promote their activities, coordinate with others in the community, and to track the impact of their activities, we are supporting repair groups across the world to bring repair to their communities.

Objective 3 - Sustainable devices and effective regulation

Goal : 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.

Research and Reports

The Rise of Community Repair report told the story of community repair since 2009, when the first repair cafe took place in the Netherlands, showing a rise in demand for repair as well as the frustrating barriers that fixers face. The data showed the main barriers community fixers come up against when repairing products: spare parts not being available is the top barrier (25% of cases) followed by them being too expensive (18%), then not being designed for repair (16%). It also helped highlight the need for repairability criteria for a much wider range of consumer products, based on the type of products brought to community repair initiatives.

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Our Beyond Recycling of E-waste study found that repair and reuse are incredibly popular among the general public. When asked what they thought should happen to electrical products in good condition that are brought to waste facilities, 85% of respondents to a YouGov survey conducted for this report thought they should be kept in use through being repaired/refurbished (38%), or donated/sold (47%). Only 6% of respondents thought these products should be recycled.

But despite public expectations, we found that only around half of UK waste facilities (51%) offer any kind of reuse stream for unwanted products. Even where such provision exists, the types of products accepted tend to be limited: less than a fifth (18%) offer a reuse stream for small electronic and electrical equipment.

Policy & Campaigning

Repair and Reuse Declaration: One in twenty MPs had signed our Repair & Reuse Declaration by the end of 2024. In 2023 we launched the UK Repair and Reuse Declaration to resounding support from our UK repair network. In 2024 we wanted to secure political support. The declaration had 46 political endorsements by the end of 2024, that included 33 sitting MPs, two councils and two Baronesses.

Parliamentary Repair Cafe : On 24th May 2024 the Restart Project partnered with Back Market to host a repair cafe in Parliament. More than 30 MPs attended to meet repair cafe representatives from across the UK, find out more about the repair policies in the Repair and Reuse Declaration and some brought items to be fixed. Eleven MPs signed up to the Declaration at the event.

Engaging EU politicians: Right to Repair Europe, the campaigning coalition which we co-founded, continues to push the EU to introduce and strengthen pro-repair policies. For Repair Day, we organised a webinar introduced by one of the most senior figures in the EU at the time, Didier Reynders, European Commissioner for Justice.

We shared our data and policy recommendations, highlighting that for the vast majority of products taken to community repair events, there’s no right to repair in sight.

Making our case directly to EU officials represents a step change in the influence of our campaign and we’re excited to build on this momentum going into 2025.

Making products easier to repair

After years of hard work, our European Right to Repair Campaign helped secure important new EU repair rules.

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The result is that from mid-2026, manufacturers will have to provide repair services beyond the warranty period, spare parts should be cheaper and manufacturers will be banned from using software to prevent independent repair across the whole EU.

Member states are also invited to introduce financial incentives to make repair more accessible and affordable.

While this new Right to Repair Directive will initially only apply to a limited range of products (such as phones and tablets, washing machines, TVs and fridges), it joins other upcoming EU measures and represents a significant step forward in our ongoing campaign for a universal Right to Repair.

Thanks to new rules we pushed for, smartphones, laptops and many other consumer electronics sold in the EU will need to have user-replaceable batteries from February 2027

Objective 3 impact : We can only truly address the impact of our throwaway economy if, in addition to making repair easier and more visible, we also ensure that products are more repairable. This work takes years, but we have already started to see its impact. In the EU, relentless campaigning has resulted in more repairable products.

In the UK we are building a group of allies within and outside parliament to show that repair and reuse are valued, and that there is appetite for a change in our waste system.

With the introduction of a UK Government-led Circular Economy Taskforce at the end of 2024, this change may be on the horizon, and we are ready to work with the growing group of allies that we have built to ensure it truly helps to promote repair and reuse, and keep our belongings in use for longer.

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~~Plans for 2025~~

Closing thoughts

2024 was a breakthrough year: stronger campaigns , hard-hitting data , political traction ,

and a foot in the door of EU regulation . Repair is no longer niche, it’s part of mainstream policy and public practice.

With a clear strategy for the next five years, we will build on this in 2025, working towards our goal to make repair a normal, everyday choice.

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Organisational structure and development

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 Lead 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.

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 from The National Lottery in 2024 supported the start of the second phase of Fixing Factory roll out with the aim of opening two more high street repair locations.

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

Funding received from Hubbub covered two projects, one relating to the Student Repair Revolution and the other to deliver repair training to young adults.

We secured funding from North London Waste Authority in late 2024 to support the launch of the repair voucher scheme in 2025.

Restart 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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Unrestricted income was made up of individual donations and an unrestricted grant of EUR 30,000 from the Candriam Institute via Ashoka Foundation in support of our work on International Repair Day

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:

We aim to maintain unrestricted reserves within a range of 1-2 months of unrestricted expenditure. The amount held in reserves was monitored during the course of the year as part of our budgetary process, financial monitoring and risk management.

When determining our reserves policy, we have taken into consideration the nature of our restricted income and the impact this has on setting our reserves policy.

Cash flow

In relation to cash flow, our policy sets out that we should have 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.

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Further financial review details

In 2024, The Restart Project’s gross income was £490,084 (2023: £536,651).

The majority of this income came from Restricted Grants totalling £321,202 (2023: £385,873) including Joseph Rowntree Charitable Trust, The National Lottery Community Fund, Nominet, Dixon Foundation, Impetus, North London Waste Authority and Hubbub.

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

We received £46,358 (2023: £39,879) of unrestricted income from other trading activities which are made up of events and consultancy work.

Our total expenditure decreased to £527,383 (2023: £597,696).

We ended 2024 with £85,461 in unrestricted cash reserves.

Declaration

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

Signature ___ ___ 7CBA70A4B17D4E3. BS08F4A976274DE Name ___ Gemma Del Pozzo ___ Gordon Fergus Position ___ Chair of Trustees ___ Trustee Date ___ 23-Oct-2025 ___ 23-Oct-2025

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Independent Examiner's report to the Trustees on the unaudited financial statements of The Restart Project.

I report to the trustees on my examination of the financial statements of The Restart Project (the Trust) for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Trust’s financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1) accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

2) the financial statements do not accord with those records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Signed:

……………………………………………………………………… Charles Tait (ACA) Charles Tait Accounting Limited

The Restart Project
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~~e~~e
The Restart Project
Docusign Envelope ID: 63611EE6-7976-49CC-AD53-CD5041F1A4C7
~~e~~e
The Restart Project
Docusign Envelope ID: 63611EE6-7976-49CC-AD53-CD5041F1A4C7
~~e~~e
Charity No
e
1151286
e
Annual accounts for the period
~~e~~e
Period start date
~~e~~
1/1/2024
~~e~~e
To
e
Period end
e
31/12/2024
e
tes
Total funds
Unrestricted
Restricted
Endowment
Prior year
Net income/(expenditure) before investment
£
£
£
£
£
Section A Statement of financial activities
140,502
349,582
-
490,084
536,651
221,209
306,174
-
527,383
597,696
(
80,707)
43,408
-
(
37,299)
(
61,045)
(
80,707)
43,408
-
(
37,299)
(
61,045)
-
0
-
-
-
-
-
-
-
-
(
80,707)
43,408
-
(
37,299)
(
61,045)
166,168
50,854
-
217,022
278,067
85,461
94,262
-
179,723
217,022
F01
F02
F03
F04
F05
67,547
5,146
-
72,693
62,092
25,468
344,436
-
369,904
434,390
46,358
-
-
46,358
39,879
1,129
-
1,129
290
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
221,209
306,174
-
527,383
597,696
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
S01
S02
S03
S04
S05
S06
S07
S08
S09
S10
S11
S12
S13
S14
S15
S16
S17
Gains and losses on revaluation of fixed assets for the charity’s own use
S18
S19
S20
S21
S22
~~e~~e
- - - - -
- - - - -
(
80,707)
43,408 - (
37,299)
(
61,045)
166,168 50,854 - 217,022 278,067
85,461 94,262 - 179,723 217,022

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Section B Balance sheet

Guidance Notes Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total this
year
Total this
year
Total last
year
£ £ £ £ £
Fixed assets F01 F02 F03 F04 F05
Intangible assets (Note 15) Intangible assets (Note 15) B01 19,506 - - 19,506 36,987
Tangible assets (Note 14) Tangible assets (Note 14) B02 164 - - 164 884
Heritage assets (Note 16) Heritage assets (Note 16) B03 - - - - -
Investments (Note 17) Investments (Note 17) B04 - - - - -
Total fixed assets B05 19,670 - - 19,670 37,871
Current assets
Stocks (Note 18) Stocks (Note 18) B06 - - - - -
Debtors (Note 19) Debtors (Note 19) B07 25,551 - 25,551 45,017
Investments (Note 17.4) Investments (Note 17.4) B08 - - - - -
Cash at bank and in hand (Note 24) Cash at bank and in hand (Note 24) B09 122,178 94,262 - 216,440 159,751
Total current assets B10 147,729 94,262 - 241,991 204,768
amounts falling due within one
Creditors:
amounts falling due within one B11 81,938 - - 81,938 25,617
Net current assets/(liabilities) B12 65,791 94,262 - 160,053 179,151
Total assets less current liabilities B13 85,461 94,262 - 179,723 217,022
amounts falling due after one y
Creditors:
amounts falling due after one y B14 - - - - -
Provisions for liabilities B15 - - - - -
Total net assets or liabilities B16 85,461 94,262 - 179,723 217,022
Funds of the Charity
Endowment funds (Note 27) B17 - - -
(Note 27)
Restricted income funds
B18 94,262 94,262 50,854
Unrestricted funds B19 85,461 - 85,461 166,168
Revaluation reserve B20 - -
Total funds B21 85,461 94,262 - 179,723 217,022
Date of
Signed by one or two trustees on behalf of all the Signature Print Name Print Name approval
trustees dd/mm/yyyy
Gemma Del Pozzo
23-Oct-2025
Gordon Fergus
23-Oct-2025
‘Signed by:
isda
ee ee
rr
ee
ee
p
C2
CSSS-
‘B508F4A976274DE.

CC17a (Excel)

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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:

• 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

The charity constitutes a public benefit entity as defined by FRS 102.*

X

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*

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(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:

==> picture [497 x 159] intentionally omitted <==

----- 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.
----- End of picture text -----

1.5 Material prior year errors

==> picture [497 x 258] intentionally omitted <==

----- Start of picture text -----
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.
----- End of picture text -----*

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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

Docusign Envelope ID: 63611EE6-7976-49CC-AD53-CD5041F1A4C7

Income from membership
subscriptions
Settlement of insurance
claims
Investment gains and
losses
Liability recognition
Governance and support
costs
Grants with performance
conditions
Grants payable without
performance conditions
Redundancy cost
Deferred income
Creditors
Provisions for liabilities
Basic financial
instruments
Tangible fixed assets for
use by charity
Intangible fixed assets
Heritage assets
Investments
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.
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.
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.
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.
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.
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.
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.
The charity made no redundancy payments during the reporting period.
No material item of deferred income has been included in the accounts.
The charity has creditors which are measured at settlement amounts less any trade
discounts
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
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.
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.
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.
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 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
Fixed asset investments in quoted shares, traded bonds and similar investments are valued
2.3 EXPENDITURE AND LIABILITIES
2.4 ASSETS
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
X
No
N/a
Yes
X
No
N/a
Yes
X
No
N/a
Yes
X

Docusign Envelope ID: 63611EE6-7976-49CC-AD53-CD5041F1A4C7

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

Docusign Envelope ID: 63611EE6-7976-49CC-AD53-CD5041F1A4C7

Section C Notes to the accounts (cont) Notes to the accounts (cont) Notes to the accounts (cont) Notes to the accounts (cont) Notes to the accounts (cont) Notes to the accounts (cont)

Note 3
Donations and
legacies:

Analysis of income
Analysis
£
£
Unrestricted
funds
Restricted
income
funds
Endowmen
t funds
Total funds
Prior year
Donations and gifts 45,532 5,146 - 50,678 40,513
Gift Aid 2,575 - - 2,575 2,139
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 67,547 5,146 - 72,693 62,092
Charitable
activities:
Other trading
activities:
Income from
investments:
TOTAL INCOME
Grant income 25,468 321,202 - 346,670 412,704
Sponsorship - - - 20,000
- - - - -
Other - 23,234 - 23,234 1,686
Total 25,468 344,436 - 369,904 434,390
Pop-up Events 34,400 - - 34,400 28,075
Consultancy 8,595 - - 8,595 11,371
Other 3,363 - - 3,363 433
Total 46,358 - - 46,358 39,879
Interest income 1,129 - - 1,129 290
Dividend income - - - - -
Rental and leasing income - - - - -

Other
- - - - -
Total 1,129 - - 1,129 290
140,502 349,582 - 490,084 536,651

All income in the prior year was unrestricted except for: (please £385,876 of restricted grant income and £3,434 of donations

CC17a (Excel)

Docusign Envelope ID: 63611EE6-7976-49CC-AD53-CD5041F1A4C7

Section C Notes to the accounts (cont)

Note 5 Donated goods, facilities and services
Seconded staff
Use of property
Other
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.

CC17a (Excel)

Docusign Envelope ID: 63611EE6-7976-49CC-AD53-CD5041F1A4C7

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 -1,520 44,602 - 43,082 43,767
Software development 29,015 10,494 - 39,509 93,994
Community Development and Events 10,295 115,220 - 125,515 160,080
Campaigning 47,836 128,507 - 176,343 170,757
Other expenditure 135,583 7,350 - 142,933 129,099
TOTAL EXPENDITURE Total expenditure on charitable activities 221,209 306,174 - 527,383 597,696
221,209 306,174 - 527,383 597,696

CC17a (Excel)

Docusign Envelope ID: 63611EE6-7976-49CC-AD53-CD5041F1A4C7

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 - - - - 520 520
Proportion of staff time spent on
finance, governance and HR
- - - - 37,105 37,105 70% Operations Lead
10% for each Co-Director
Accountancy fees - - - - 8,696 8,696
Other - - - - 19,535 19,535 Office rental including cost of
donated facilities
Total - - - - 65,856 65,856

CC17a (Excel)

Docusign Envelope ID: 63611EE6-7976-49CC-AD53-CD5041F1A4C7

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
£
520 489
0 0
0 0
0 0

CC17a (Excel)

Docusign Envelope ID: 63611EE6-7976-49CC-AD53-CD5041F1A4C7

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 298,089 313,858
Social security costs 35,267 35,332
Pension costs (defined contribution scheme) 17,246 20,307
Other employee benefits - -
Total staff costs 350,602 369,497
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.

'true' in the box provided. '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 £96,107
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 6.7 6.9
Governance 1.0 1.0
Other -
Total 7.7 7.9

==> picture [190 x 85] intentionally omitted <==

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

CC17a (Excel)

Docusign Envelope ID: 63611EE6-7976-49CC-AD53-CD5041F1A4C7

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)

Docusign Envelope ID: 63611EE6-7976-49CC-AD53-CD5041F1A4C7

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

£17,246

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

CC17a (Excel)

Docusign Envelope ID: 63611EE6-7976-49CC-AD53-CD5041F1A4C7

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

-
- - 2,716 2,716
-
- - - -
- - - 720 720
- - - - -
- - - - -
- - - 3,436 3,436
- - - 884 884
- - - 164 164

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17/09/2025

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Docusign Envelope ID: 63611EE6-7976-49CC-AD53-CD5041F1A4C7

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
£
- - 213,712 213,712
- - 11,501 11,501
- - -
132,610
-
132,610
- - - -
- - - -
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
- - 92,603 92,603
d impairments
SL or RB SL or RB SL SL Straight Line
("SL") or
Reducing
Balance
("RB")
3 years 3 years
- - 176,725 176,725
- - -
132,604
-
132,604
- - 28,976 28,976
- - - -
- - - -
- - 73,097 73,097
- - 36,987 36,987
- - 19,506 19,506
ccounting policy for intangible fixed assets including:
y

15.4 Accounting policy

Please disclose the accounting policy for intangible fixed assets including:

CC17a (Excel)

Docusign Envelope ID: 63611EE6-7976-49CC-AD53-CD5041F1A4C7

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)

Docusign Envelope ID: 63611EE6-7976-49CC-AD53-CD5041F1A4C7

(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

CC17a (Excel)

Docusign Envelope ID: 63611EE6-7976-49CC-AD53-CD5041F1A4C7

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
£
- -
1,948 32,266
23,603 12,751
Total 25,551 45,017

CC17a (Excel)

Docusign Envelope ID: 63611EE6-7976-49CC-AD53-CD5041F1A4C7

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 3,999 6,968 - -
Payments received on account for contracts or
performance-related grants - -
Accruals and deferred income 67,207 6,246 - -
Taxation and social security 8,632 8,941 - -
Other creditors 2,100 3,462 - -
Total 81,938 25,617 - -

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 - 30,148
Amounts added in current period 58,138 - 30,148
Amounts released to income from previous periods - -
Balance at the end of the reporting period 58,138 -

CC17a (Excel)

Docusign Envelope ID: 63611EE6-7976-49CC-AD53-CD5041F1A4C7

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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Docusign Envelope ID: 63611EE6-7976-49CC-AD53-CD5041F1A4C7

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
£
- -
- -
216,440 159,751
- -
Total 216,440 159,751

CC17a (Excel)

Docusign Envelope ID: 63611EE6-7976-49CC-AD53-CD5041F1A4C7 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
£
EU Campaign R 19,457 82,327 -
68,630
- 33,154
Nominet R 10,989 10,000 -
20,989
- -
Joseph Rowntree R 2,524 60,931 -
63,455
- -
National Lottery R 140,678 -
92,000
- 48,678
Hubbub R 17,884 29,099 -
42,736
4,247
Dixon Foundation R 10,000 -
1,817
8,183
Impetus R 8,366 -
8,366
-
NLWA R 2,056 -
2,056
-
Harringey Council R 6,125 -
6,125
-
-
Other funds N/a N/a - - - - - -
Total Funds
50,854
349,582 (306,174) - - 94,262

CC17a (Excel)

Docusign Envelope ID: 63611EE6-7976-49CC-AD53-CD5041F1A4C7

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

CC17a (Excel)

Docusign Envelope ID: 63611EE6-7976-49CC-AD53-CD5041F1A4C7

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)