HUBBUB FOUNDATION UK CONSOLIDATED REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2023 Ragistered Company in England and Wales No. 09038107 Registered Charity in England and Wales No. 1158700 •AD69G9UO* A12
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COMPANIES HOUSE
YEAR ENDED 31 OCTOBER 2023 Page 2 Reference and Administrative Details Name: Hubbub Foundation UK Company nnber.. Registered Charity in England & Wales.- 11587(Kl OW38107 Directors and Board of Trustees: The directors ol the charitable company {the Charity} are its trustees for the purposes of charity law and throughout this report are collectively referred to as the Trustees. The Trustees serving durin9 the period and Since the period eThJ were as follov*s'. Catherine 8ro¥vn Chair Jonathan Katz Ryan Kohn Stephanie Lambert Deborah Luffman Sheetsl Shinh Anna Turrell. Daniel Smith Elizabeth Thompson Rebecc8 Fofana {awJ. 0111112022) Principal Address and Registered Office: Somersel H(MJse Strand London WC2R 1LA Bankers.. The Co-operative Bank 62-64 Southampton Row London WC1B 4ND Charities "d Foundation 25 Kings Hill Ave lfjngs Hill West Malling. ME19 4JQ Lloyds Bank Villiers House 4849 Strand Lon(Jon WC2N 5LL Flagstone 111 Floor Clareville House 26-27 Oxendon Street London SW1Y4EL Solicilots.. Bird & Bird LLP 15 Fetter Lane London EC4A 1JP ALKlitor'. Prime Accwntants Comer Oak 1 Homer Road Solihull Wesl Midlands 891 3aG The Board of Trustees delegate the day to day rurring of the organisation to a Management Team comprising.. Alexander Robins Gamn Ellis Heather Poore Saskia Restorick Aoife Allen Dan Murray
YEAR ENOED 31 OCTOBER 2023 Page 3 Structure. Governance and Management Hubbub Foundation UK (Hubbub) is a company limited by guarantee, incorporated on 13 May 2014. Its 90veming document is its Memorandum and Afiides of Association. The company is established lo promote. for the benefit of Ihe public. ihe conservation protecfion and improvement of the physical environment by in¢ceasing publi¢ kn¢)vAedge and understanding of human behaviour sl¢h 15 not harmful to man and other living speries and lo planetary ecology. It is registered as a charity in both England & Wales. The govem8nce of the Charity is overseen by 3 Board of Trustees Ilhe Board) whTr¢h meets fomially four Iwnes per year, in addition to training and strate9y meelings. as Yll as four sub4Jroups. as follows.. Finance and Risk Commitlee made up of a selection of Trustees (also part of the Board}, the Head of Finance and CEO lo ensure that tre is #ppropnale financAal and perfomiance reporting to the 8oard and that any risks to Hubbub are identffied and mib"galed. It meets quarterfy. . People and Organisalional Development commitiee made up of a selectDn of Trustees (also part of the Board}, the Director of Impact and CEO lo provide oversightof the Cutre and people-related strategie5 of Hubbub., to review and make recommend8ts.ons io the Board on remuneration and performance practices,. to work wilh tt)e Chair on Board and Senior Management succession. recruitment arKI development., and lo prode Board inpui on the equity, diversity and inclusion work of Hubbub. It meets a year. . Incc¥ne and Fun(Jraising committee m up of a selection of Trustees laLso part of the Board), the Director of Developwnenl and CEO to support the (J)arity by helping lo identify, assess and maximise income-generaling opportunities- developing fundraising plans that alfi wrth Hubbub's strategy and purpose.. 5UPPOrting trustees lo contribute to income 9eneration." and to review ongoing business development perfom)ance. provKling input suppfy1 to ensure the charity meet5 It5 targets. The Tnjskes and emoYeeS have agreed a 3-year strategy, and create annual objectives and a roadmap, thin a budget agreed by the Tru51ees. that move the organisation towards its vision. Where appropriate, Hubbub creaies strategic pathefships with other charities and organisatk)ns to meet its objectives. These parther5hips a tjsually to deliver 5pecifi¢ Projects. and the parameters for the partnership are aK¥ay5 set out within a Letter of Agreement or Memorandum of Understanding. if the partnership is signfficant. Risk Management The Board 15 responsible for eft$1n9 that th is an appropriate pred in place for the management of risks faced by Hubbub Foundab"on UK_ A risk management plan is Created by the le8dership team and discussed, amended and agreed by the Finance and Risk Commrttee usin9 the latest recommendations from the Charity Commission and other bods. Ea¢h risk 15 assessed for its likelihood and the impact it could have on the OrgansatIoD_ A mitigation and contingency p18n is created for eath major risk and a risk manager is identified. Hubbub currently has the folloNMng major risks.. Dependen on primary funders.. a significant portion of OUT funding comes from a small number of major partnerships. We have a plan to diversity and redu our reliance. • Negative media or social medka VerJe.. emergen¢y comms plans created, and guidelines for social media use introduced. Explic(( decision crrteria for partners and a list of industries we won't work wth. Changing funding priorities, where public reporting reqU1MentS and commttmenls may lea firms lo focus on Iheir legal obligaiions and reporting rather than public engagernenl.. we are larifwng our strengths and skill-sel in proposition materials and outlining the role we can play in Nel Zero slrategs. We wll re8s5es5 quartwly if any fvrttr a¢lion is needed. Polrtical instability and declining econom conditsons." recruited Director of Development and Head of Tfust and Foundations to diversify income. We're focussing on strengthening key existing
YEAR ENDED 31 OCTOBER 2023 Page 4 partr)erships to Secu funding base. plans lo generate new leads. and improved twJdgeting lo increase cost controls. . Online fraudlcyber-crime." hold ¢ybeT insurance and rewew OLJr IT processes. support & systems re9ularfy. training providefj to new and current stsff on GDPR and cyber security best practice • Lack of diversity. we have in¢sed investrnenl delivering projects in disadvantsged communities and have published our five piinciples for engaging communrtEs' lo sel out best prnctice for engaging underrepresented communities. We have inclusive recruitment practices, a board committee wth SpefiC remit to look at Equity, Diversily and Indusion. and we have carried out full team, leadership and board EDI ITaining. We track the make-up of team and b08rd and report lo The Race Rept to support industy-wide action. Cosl of hKJhly skilled. London-based team. including non-delivery staff-. improved understanding and control of costs through a time tracking system. 6 monthly review of resourcing. seeking funding for core costs. The Trustees have given consideration to the major risks to %thich Hubbub are exposed and are satisfied that systems or prCdUS are eslablished in ler to manage those risks. Objoctiyes and A¢tlvltles Vision Hubbub is an environmentsl charfty_ OUT purpose is to inspire action th's good for the environmerrt and for everyone. Our CaPaIgn$ tsckle environmentsl issues with practTrcal solub'ons that work for individuals, communty groups and businesses. baUse to make change at the speed and Sca needed, we all need to gel on board. 83Yo of the UK public are worried about the drmale crtsis (BEIS 2022). but most are undear what they can ) about it. Since 2014 we've been using cfeivty to raise awareness. change behaviours. and build appetite for everyone to make choices that are good for the enwronment. Our campaigns meet people where they're at, focu5sing on t¢¥)ics people a passK)ne about that also have a b impact, like the food we eat. clothes we wear, and green spaces. and we share actions you Can tske at home, at work or in your community. We also show the collective power of people coming logether to do what they can and we use this as ewdence to encourage govemment and business to take actKJn to make it easser for everyone to make greener chiices loo. What do¢$ Hubbub do? Our vision is a future ere everyone makes ¢hOe$ that are good for Ihe environment. And we're making rt happen wrth partners from every comer. But it's not just about changing whal we do, rt's about changing what we can easily do. This means not only inspiring behaviour change. but also influencing what's known as the 'choice environment." all the things that determine what we're wlling and abk to do. We influence what's aV8ilable. what's 'nomial' and what'5 Wrthin h. whether th's inspiring swnple piant-based switches or bringing Ihe tyrcular e¢onomy lo your Coffee run by iesb.ng reuse systems in calés. And once we've gathered insights, we share them. We tske the evNlence from OUr¢ampans and make it available lo businesses and government- so they can make impactful changes everyone can get behind_ For that lo happen, we need to create a mandate for change that irlL1deS voices from 811 parts of society. especially those that have usually been underrepresented in enwronmental action. Our projects tackle aH sorts of enwronmentsl is$5 in several drffent bréys but they share a common thread.. using a mixture of behawoural insights, clever communication, innovation and c(*nmunty-led actton to move us towards that new r181.
YEAR ENDED 31 OCTOBER 2023 Page S Hubbub cfeales CampanS,The Hubbub Wa. based on academic evidencg and over 30 years ofpraclical experience. The model-. We stsrt wth key environmental issue5 people can have a role in tthling, idenknfywhe v can experiment to drive rapid change and collaborate wrtheveryone from Cfynmunrty groups to businesses to lo¢al authorities share our amknbon. to inspire action thays good for the enviTonrnenl, aThJ for everyone. Discover We're ¢urious. We listen. observe. and ask questNJn5 lo gain insh1 and understand we can meaningfully conned to people and communrts. We're design led. and Ays build ideas grounded in research, beha¥ioural insights aThl environmental eXpe'se. Create Our carnpaigns put ideas into tIOn to raise awareness, ¢hange habits, and mae choices that are good for the environment easr and ttesirab for everyone. We connect wrth people through things they care about, posrtive language an(J by hhligNIng co-benefits. We use gCM)d deswJn. crealrvrty, and a splash of playfulness to bfing campaigns lo lrfe. riment We experiment, measure, and adapt wthat we do, lofind out what has the biggest impact. We share whatwe discover. the good and the bad, so that others can learn fr(Mn thwn loo. Scale Weopen source what worts so txsr campaigns can replKate, scale and influence far beyond the people invofved in them. We enable funding for innovation and community groups can scale action and drive rapid experimenlalion. We use what we learn as evidence of people's appetite for positive change to challenge business, govemment, and other organisations to be bolder in their environmental goals. Public Benèf In setting our objectives and planning our activities we have grven CafvI consideration to the Charity Commission's guidance on public benefit. The Trustees ensure that our aclivrties are in line with our charilable objectives and aims. to protect and improve the natural enmronment. We measure the environmental impact that each of our programmes athieve. which are set out below. In a¢Jdilion. many of the progiammes delj.ver added soci81 benerrts. As a result of our woth". Less waste will be sent to landfilwincineralion - in particubr fcty)d, packaging and fabrics. CarL¥Jn dioxide emiSon$ wll be C through reduced energy use and waste of malerials and food. Les5 water will be wasted. Less pollution will be created including reduced astiC pollUtn in waterways and less air polhJtion. Our neighbourhoods will be deaner and people will feel better connected to nature through our community eampaigns. People in hardship wll be given support, for exam thUgh the prowsion of refvrbished smart phones and heamhy f¢)od, and better xcess lo sup(N)rt and advice. People will gain new skills and krThvledge that wll help them save money and make choices that are good for the environment. A¢hievements and Performance At Hubbub. our work has always been aboul inspiring people to tske action. Our projects have myriad environmental benefits, from carbon reductions to improved airquality.. enhanced biodiversity to less pla5tsc in our waten¥ays. We create projects and ts¢kle barriers to enable people to feel both willing and able to make a drfference, every day. In 2023 citizens and bu51nesse5 in the UK faced continued pressu$ amid the coslryof-lmng crisis. This louched almosl every project and partner. our hrk has aNvays been about bn'nging people together, and often about helping them save money. Hubbub is well placed to respond by supporting stronger, more resilient communities. We recognise thal every en¥ironmentsl issue is also a social one, and thal inclusivity musl be at the heart ol what we do.
YEAR ENDeD 31 OCTOBER 2023 Page 6 In 2023 we dellvered 49 projects. 1¢>3elher Alh 1.113 partners arKI awarded £3.3m in grant1J$ lo support 344 innovab.ve projects and communib.es We crealeLI a Hubbub.. . At least 1 billion opportunities to see our campayns in the medva and 48 mill¥)n opportunities lo see our work on soual media . 3 in 10 134-Year-oldS saw a Hubbub campaign! We're for everyone.. . We helped over 6 million people think diffetently aky)ut an environmental issue And enabd 719,553 people to take an action for the environment 526 people transfomled thwr lives, habits or attrtydes for the long-lemi, because of Hubbub's projects Through these aclimties we have achieved the follo1n9". • 20 new or enhanced community-led green spaces 203,542 single-use items avoided . 7,861 lonne5 of food diverted frwi being wasted 1equ1vanI to over 18m meal$ $haredll . 911,042 rtems recycle<l 1,032 people report taking an action to reduce e-waste • 10 awaTd$ won in recogn((ion of our ¥w)rk. including Charty Times Chanty of the Yearf Connectin Ihrou h nature ' 27 new and enhanced cornrnunity-led green space5. . Greener Communitios Fund. our £1.2m grant fvnd. has enabled NHS chartty member5 to create and improve green spaces in hospital grounds. healthcare centres and within communilies. One pilot project Showeil a 25¥0 increase in participating patients, feelings of connectednes5, and an 18010 drop in anxiety. . Breaking Ground. a colleclion of projects around London that we support Io C0-ale green spaces, wrth funding, rnentorshjp, and guidance where rt's nee(led. has engaged 4.450 people so lar and led lo an increase in community cohesion and ac¢ess to nalure. • In Our Nature, our city-wde climate collaborab.on in ManGhester, ha5 SUPPOrted 12 groups to set up imate action projects in their communities. aiming lo enable over 1500 people to lake a¢tbon an(J learn new skills over the year Makin the most of su lus food.. 7.8ei tonnes of foc4J diverted from all ow food waste projects. equwalent lo sharing ovw 18 milion meals. . Eat Your Pumpkin! funded by Starbucks. 5p cup charge, grew its reath by 27Qh from the PTevTrosJs year. Over 9000 people attended communtty events ere they decorated and 81e pumpkins and our campaign messaging reached people 18 million times. Those who saw or heard our messaging were three ts'mes more likely to give their pumpkin a del10$ second life than those who didn't. And overall, the number of pumpkin5 left unealen reduced by 10 million - frotn 22.2m in 2022 down to 12.2 million at Halloween 2023. •The Community Fridge Network has seen rad expansion across the UK thanks lo our partnership with The Co-op. saving ovef a million meals a month from going to waste, lIst sharing food 8nol connecting commvnilies. We will build on Ouf success over the next Iwo years, aiming lo deepen the impact of the Community Fridge Nefv40rk through grant funding. netWrking, training and sUPPOrt. dothes last lon r 140 million opportunities to see the findngs ofour durability study in the rnedia. 1.8 million impressions of our Off The Hanger campaign. on social media. In 2023. we lesled a ran9e of tools and melhods to help people take stock of their war¢Jrotrs. find new ways to style unwom garments, and understand the value of thwr clothing. With our Off The Hanger campaign, we tested Creative routes and messaging on social media - wth the campaign 9arnering 1.8 million Impressions. We now want to build upon the insight gained in this iesearch phase and crèate campavJn that inspires young pecyle lo'shop, their wardrobe rather than buying new. Looking after our clothes 3nd rnaking them last k)nger is one of the most impacrful things we can do to reduce our fashion footprint. Hubbub, supported by Primarf(. *Y)rked wth the University of Leeds to test
YEAR ENDED 31 OCTOBER 2023 Page 7 Nvhelher Ihere is a direct link been cost of dothing and garmenl durability. The results were mixed.. both high and lower cost brands perfomied both well and poorty across a range of everyday garments. The results demonstrated a need for better gament durability to give shoppers confidence that their clothes will 18St if well looked after. Using the eviderce gathered Ihrough our partnership. Primark is leading the call for a sector-bmde durability Standard. The resulis of the study received s¢gnificant coverage - in total, there were 140 million opportunities to see or hear the campaign in the media. And the findings sparked a wave of debate, pTompling You & Yours. the B8C's consumer affairs shLM. to dedicate arh entire programme lo extending the life ol clothes. Fundin inno tion.. The Bring It Back Fund of £1.4 million fuelled six innovative projects acjoss the UK in 2023, involving 100 businesses. So far, they've prevented over 200.000 single use rtems from going to landfill. The leamings around setting up and wnning successful rese system5 were published in January 2024. One ol the funded projects filmed used by DEFRA as a case study as part of their communications to 5UPPOrt the introduclim of the ban on single use plasti¢ item511st October 20231. . The c114r Future Fund with Jolw Lewis provhded £1 million to spark solution$ for a more circular economy and suppyyt innovative new products and seTrices that make enkimnmenlal behamours easier for everyone. The furxl tackled everyday challewvJes acmss lexbles, household prcéucls. services and technology. The four fijnded projects have helped bring menstrual cups to the mainslream. redesigned kids, shoes lo let them grow with their wearers, buili 'iend and mend. hubs in libraries. and pioneered research to develop infinile polyester recycling. Litter and reuse. 15*h of the populabon saw a Big Ballot Bin- equivalent to 10 million people! Ballot Bins have been tackling cvJarette butt litter since 2016, by asking the big Questions like "Ronaldo or Messi?" But Could this voting-wth-trash idea WO for general waste? In 2023. with support from KFC, we unleashed ihe Big Ballot Bins in Manchester and Southamplon. Punters voted wilh th¢ir rubbish on questions like Baibie vs Oppenhw"rner, ¥¥hile solar-powered electronic display5 kept score. They were a hil. Brands like Heinz and the Archbishop of Banterbury made memes oul of them, and even BBC News featured the bins. A nationwide poll showed 15/• of people in the UK recognised the bins and independent studies found they reduced food and drink lrtter by 60-70% wilhin 8 20-meter radius. Tacklin device. e-W8Ste. 8.OCQ second hand phones sowced for rehcAnin9. lo+ people enabled to t%Jrrow Community Calling with Virgin Media 02 joins the dots belween Ihe seven million digitally excluded people Én the UK and the piles of tech gotng to waste. We source secondthand phones and tablels from the publi¢ an¢J businesses and pass them to chartlies supporting survivors of domestic abuse, refugees. asylum seekef5 arkl those at risk of homelessness. In the last year. Community Calling sourced over 8.000 second-hand phones to rehome. and the Tech Lending Community enabled over 1,000 people lo borrow devices. giving the teth a new life. and enablin9 peOe to connect wlh loved ones, access service5 and apply for jobs. Time After Time. in partnership wth Virgin Media 02. is all about raising awareness of e-wa5te among Gen-z. an audience we know has awareness of the issue. That's why we launched a TikTok campaign specifically designed to reach them. We used clear, simple messages, backed by facts. along wth trending so(Jnds and hashtsgs to conne¢t e-waste lo Ihe Ihings Gen-z caS about. The campaign was a Sucss. reaching ils tsrget audience over 115 million times. and making them 81 QA more likely to act on e.wa5te. Awards Hubbub won 10 awafds last year. Charity Times - Charity of the Yeaf . Escape The City- Top 100 ganISationS To Escape To 117th) Shift People Awards - winner, Most Indu5ive at Heart W0p1aCe . Better Society AwaTds- winner, N81ional Cornmilment to Communtty (Community Fnd9es) . Clean City Awards - wnner, Communications & Educabon Award . Business Green Leaders Awards- winner. Behawour Change Campaign (Manchester is Greenl . CIPR Excellence Awards- winner. Environmenlal Category (Eat Your Pumpkin) . Purpose Awards- winner, Best EnrOnMental Cause Campaign (Eat Your Pumpkin}
YEAR ENDED 31 OCTOBER 2023 Page 8 . Global Good Awards- wftner. 8esl Campaign of the Year {Eal Your Pumpkin) . Corporale Engagement Awards- Gold, Best Engagement 01 an Intemal Audien In CSR Programme {'The Listen. wilh Pets al Homel Financial Review and Results er the 12-monih period Hubbub generated income of £9,204.619 and spent t8.309.042. genernting a surplus of £895,577. Major partnerships with Virgin Media 02 and C. as well as the continued 5p cup charge from Starbucks. conts.nued lo support 9r0h. In response to increased income levels and the drive to cAeale more impact. invested further in our actiwlies and our capacity to delivef them. We anticipate thal this will enable u5 to deliver more WAyk. reduung our cash balance vthile increasing our free reserves. There was signifunt reslricted irrne reIVed late in the year and reco9nised in this period. Ils matching expendrture Nwll be shown in the subsequent year's accounts. Key projects include.. • The Communrty Fridge Nelwjrk partnership wth the Cow. further supFM)rted by The Rothschild Foundation, funding community fridges around the UK, supporting the nefvlork and developing 'food hubs.. Communrty Calling, Tech Lending Community and Tirne After Time with Virgin Media 02.. campaigns Ihat reduce electronic wasle and improve digital indushjn. Eat Your PUm1n is a seasonal food waste campaign thal combines a publiC-fln9 communications campaign wth community engagement and events. Charity Reser¥•s Policy The ambition of Ihe charity is to secure sufflent free reserves to cover operabng costs for 3 period of six to nine months. CentlY this v1 require a free reserve of at least £1.940. 150. The free reserves 8131 sl October 2023 were £1,672.252. Future Plans: 2023124 Our strategic plan for 2023-2025 has created clarity and confKlence in our objectives. In 2024 we've forging ahead across all areas of our plan. A 2022 H(yJse ol Lords POrt stated that 32% of emissions reductions up to 2035 are in the hands of "zens and households. Our work is v¥tal in making peOe both wHing and able to make greener choices. Our action pan lor the year has three key afeas.. putting impact and influence first.. crealing a sustainable business model. and focuyng our efforts. Putting impact and influence first We'll increase clarrty about how our aetiwties contribute towards our overall imp8cI, build a better understsndin9 throughoul the or9anisation. and embed our approa¢h in all our work. Our communi¢ab"ons strategy wll ftxus on growing reach and engagement rather than flowIng. Il's deswJned to support our purpose rather than to promote each project. Building a critical mass of diverse people changing behaviours and attitudes will inspire even more people lo change their behawour and demonstrate a mandate for systematic change to influence govemment and business decisions and activity. We will do our own tsannual public polling to track trends and national changes in behamour and attitudes of our key f(xus areas. to benchmath progress and our projects. 2. Creating a sustsinable business model We wll diversify our incorne in order lo increase financial resilience We wll strengthen Ouf income generalion luncb"on. trffinging in new skills an¢J experience We Nlill adapt the we work to recognise the needs of a growing organisatson. for example by improving our kno4edge management and developing funder-focused communications.
YEAR ENDED 31 OCTOBER 2023 Page 9 3. FSing our efforts We have idenlifted four areas of focus. ere our expertise closely aligns vAth an acute environmentsl need. and we have additional skills to bn'ng to esting work on the issue5. Su$talnabl¢ Di¢ts Our wsion: A society v*here healthier, sustsinable diets are the norm. Meat arKI dary a no longer the default. but are eaten. serve¢J. and 501d as consi¢Jered choices. Opinion and habits have flipped, and we're havin9 a balanced, depolilicised public discussion"aboul meat and dairy. There is better information and inspiraty.on on sustainable diets and dioice available to grocery shoppers and more confidence from buneSseS in lalking abcmjt and acting on sustsinable diets. Reuse Our Msion.. A society where effective and accessible reusaNe frrfml and drink packagin9 is the norm. Businesses see the environmentsl and financial benefits and are ¥IlIng to drtve and adopt reuse systems. Y+ith govemment pyoviding a supy)th legislative and pY framework and investment. Connecting through D•tur• Our vision.. Everyone has easy access to Safe, nalure-frierKlly green space5. People understsnd the link between nature and the climate crigs. and whal they can do to boost biodiversity a1 adapt to a changing Climate at the l¢Jcal level. There is dimate ju5b.ce for those most affected by the climate in UK. and support for them to take action. Responsible Fashion Our wsion.. A society where there is high awareness of the enwronmental impact of fashion, and people txjy lar fewer new items of dothing. Everyone takes better Ca of cknthing and repairs damaged items. Community 5eth"n9s are used to sh8re dothing as Commonly as Ihey share food and other resources. Businesses are Incentlsed and committed to only selling closed loop products and encourage people to rep#ir. re-sell. reIe. Govemment legislates ag8inst irresponsible woduction and disposal of Clothing and texliles We'll continue to work on topTrcs vthere Hubbub has experbse. a strong reputab.on and can operate al scale, or has a strong model for'business as usual.. These include food waste. home energy and electrical waste reduction. Statement of trustees. responsibilities The Trustees are iesponsible for Preparing the Trustees. Report and the ffinan¢tal statements in aOrdanCe th applicable law and regubations. Company law requires the trustees to prepare finanaal ststemen(s for each financial year in a¢¢ordance wih United Trfj'ngdorn Generally Accepted Accountin9 Practr"ce (United Kingdom Accountsng Standards} and applieable law. Under company law the trustees must not approve the finanual staternents unless they are 58tisfied that they give a true and fair wew of the state of affairs of the charitable cornpany and of its nel incominot901ng resources for that period. In pfeparing these finanaal ststements. the trustees are required to.. select suitsble accounting policies and then appty them consislendy.. make jLKlgments and eslimates that a reasonable and prudent., state whether applicable accounb.ng stsndards have been followed. subj.ect to any material departu$ disclosed and explained in the financial statements: Prepare the financial statements on the going concem basis unless it 15 inappropriatè to presume that the tharity wll continue lo operate. The trustees a spOnsIble for keeping proper aceounts.ng COrdS that a sufficient to show and explain the charitable company's transactions and disclose with #sonable accuracy al any time the financial position of the charitable company and enable them to ensure that Ihe finanal statements com wth
YEAR ENDED 31 OCTOBER 2023 Page 10 the Companies Act 2006. They are also resp)nsible for safeguarding the assets of Ihe charity and hence for taking reasonab steps for the preveDb"on and deteclion of fra[ and other irregularities. In 50 far a5 each of the trustees of the charitable company at the date of approval of this report is aware, there is no relevant audrt infomation {infom)ation neede(I by the Charitab ¢ompany's audrtor in connection th preparing the audrt report) of which the Charitab companys auditor is unaware. Each tfustee has taken all of the steps Ihat helshe should have taken as a trustee in order to make himselflher5elf aware of any relevant audrt information and to establish thal the compan15 auditor is aware of that information. Auditor Prime Chartered AcccMJntanls have indicated their wllingness to be reappointed as Au¢Jitor. This ret has been prepared taking adydnie of the exemplions available under ihe provisions of the Companies Act 2006 applicable to small companies. 19 Jun 2024 Approved by the Board of Tnjstees on ...................:.......................... and signed on its behalf by 2024. 8.40pmj Chair. Board of Trustees . 2V24. 5.'2i*nj Truslee Newwing Somersel House Strand London WC2R 1LA
YEAR ENDED 31 OCTOBER 2023 Page 11 Indep8ndent Audilor's Report to the trustees ol Hubbub Foundation UK Oplnlon We have audited the financial ststements of HUbb Foundalion UK {the'parent charity'l and its subsidiary Hubbub Foundation Enterpiise Limrted (the 'group'i for the year ended 31 October 2023 which comprise ihe Consolidated Statement of Financial Ath"vibes. the Consolidated Balance Sheet. and the notes to the rinancial Statements, induding a summaryol signTficant 8¢counbng policies, set out on pages 15 to 33. The financial reporting frameKfjrk that has been applied in their preparation is applicable law and United lfjngdom Accounting Slandarejs. including Financial Reporbng Stsndard 102 The Financial Reporting Slandard applicable in the UK and Republic of Ireland {United Kingdom Generally A£cepted Accounting Piactice). This report is made solely to the charitable company's membets, as a b¢dy. in accoidance with Chapter 3 of Part 16 of the Companies Act 2006 and to the charitsble company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might slate to the charitable company's members and its trustees those matters we are required lo state to them in an auditorfs report and for no other Pufpose. To the fvllest extent pemiitted by law. we do not 8ccept or assume responsibility to anyone other than the charitable company and the charitable company's mèmbers as a body and the charrtable companls trustees as a body, for our audit wo, for this report, or for the opinions we have formed. In our opnion the financial ststements- give a true and fair vW of the slate of the group's and the parenl charrtable company's affairs as at 31 October 2023. and of the gTOUP'S in¢oming resour$ 8nd application of resour¢es. including its income and expenditure. for the year then ended". have been properly prepared in accordance wth United lQ"ngdom Generally Accepted Accountin9 Practice: and have been prepaod in accOrdare th the regulMentS ofthe Companies Acl 2006 and the Charities Act2011. Basis for opinion We conducted our audit in accordance with Intemational Standards on Auditing IUKI IISAS IUKI} and applicable law. Our responsibilitses under those standards are futher described in the Audrtor's responsibilities for the audit of the financial statements sects.on of our reporL We are independent of the group and Pont charitable company in accordance wth the ethul requirements Ihal are relevanl to our audit of the financsal slalements in the UK. including the FRC'S Ethul Standard, and we have fulfilled our other ethical responsibilitS in accordance these Tequirements. We believe thal the audit ewdence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions rnlating to going concern We have nothing lo report in respect of the following matters in relation to which the ISAS (UK} require us to report to you where.. the trustees, use ofthe going concern basis of aUntIng in the weparation of Ihe financial statements is not appropriate" or the trtjstees have not disclosed in the financial statements any identthed material un¢ertainlies Ihat may cast signrficant doubl about the group's or parent charitable company's ability to continue to 8dopt the going concern b85ts of accounting for a period of ai least twelve months Irom the date when the financial statements are authorised for issue. Other inforniation The trustees are responsible for other infomiation. The other information comprises the information included in the trustees, annual report, other than the financial statements and our auditorfs report Ihereon. Our 0.n10n on the finanaal slalements does not cover the other information and, except to the extent otherwise explicitly ststed in our reFort. we do not express any form of assurance condusion Ihereon.
YEAR ENDED 31 OCTOBER 2023 Page 12 Independ8nt Auditov's Report to Ihe Irustees of Hubbub Foundation UK (continued) In connection wilh our audit of the financial statements. our respJnsibility is lo ¥d the olher infomiation and. in doing so. consider whether the other information 15 materially inconsistent the financial statements or Our knoedge obtained in the audit or otherwse appears to be materially misstaled. If we identify such material InconsisteneS or apparent Material misstatements. we are required to detemiine whether there is a material misstatement in the financial statements or a material misststevnent of the other infomiation. If, based on the work we have perfofme(l. we conclude that there is a material mi5stslement of this other information.. we we required to report that facL We have nothing to rewt in this regard. Opinion on olher matters prescribed by the Companies Act 2006 In our opinion. ba5e(l on the work undertaken in the ccwrse of the audit.. the information gNen in th& trustees. port (incorporating the dwectors. report) for the financial year for which the financial statements are prepared is consistent wth the finanaal statements.. and the directors. report has been pparad in accordance wrth applKable legal requirements. Matters on whi¢h we aro r•quired to report by exception In the light of cxjr knowledge and understanding of the group and pareni charitsble company and ils environment obtained in the course of the audit. v* have noi entsfIed material misstatements in the directors, report. We have nothing to in respect of the fo101n9 matters vthere the Companies Act 2006 and Ihe Charities Act 2011 reqUIS us to report to you rf. in our opinion.. the Pant ¢haritsble company has not kept adequate and suffiuent accounting records, or rebjms adequate for our audit have not been received from branches not Msrted by us,. or the parent Charitable company financial slatements are nol in agreement with the accounting records and retums,. or ¢ertain dilosUreS of Irustee5' rernuneratn specified by law are not made." or we have rt received all the infomiation and explanations we require for our audit the trustees were not entitled to prepare the financial statements in accordanGe wth the small companies regime and lake advantage of the small companies exemption in preparing the dire¢lors' report and lake advantage of the small companie5 exempts.on from the reqU1ment to prep8fe a slrale9ic report. Responsibilities of irust•es As explained more fully in the trustees. responsibilrties statement. the trustees Iwho a aL80 the directors of the charitable company lor th8 purpose5 of company lawl are re5pon%ble lor the preparab'on of the financial statements and for being sabsfied that they give a true and fair view, and for such intem81 control as the trustees detemiine is necessary lo enab the preparats.on of financAal statements that are free from rnater1 misstatement, %•thether due to fraud or error. In preparing the financial slalements. Ihe trustees we responsible for a5se$sing the group's and parent charitable company's abilily lo continue as a going concern. disclosing, as applicable. matters related lo going concern and using the going concem basis Of3Ounting unless the trustees either intend to liquidate the group or the parent charitable company Of to cease ope(ations. or have no realist allemative but to do so.
YEAR ENOED 31 OCTOBER 2023 Page 13 Independent Auditorfs Report to the tru$lees of Hubbub Foundation UK {continued Auditofs re¥on$ibilities lor the audit of the financial slatem•nts We have been appointed auditor under the Companies kt2006 and se¢lion 151 of the Charities Act 2011 arKI report in accordance with those Acts. Our obfreclives a to obtain aSonable assurance 8ts)ut whether the finala1 Statements as a ole are free from material misslalemenl. whether due to fraud of error. and to issue an auditorfs report that inclLKles our opinion. Re8sonable assurance is a high level of assurance.. but is noi a guarantee that an audit conducted in accordan with ISAS (UK) will always ¢Jetecl a material misststement when it exists. Missiatements Can arise from fraud or error and are consi(Jered material rf. individually or in the aggregate, they could wsonably be expècted io influence the economic decisions of users taken on the basis of these financial stslements. The extent lo which our procedu5 are ¢apatrAe ofdele¢ting irregularities. inc1ling fraud is detsiled below. Our approach to id&ntrfn9 and assessing the risks of material misstatement in respect of wregularibes. including fraud and n(<0Mptial8 ¥th lavo armj regulations. was as follovo.. The engagement partner ensured that the engagement team ¢ollects"vely had the appropriate competence, capabilities and 5ki115 to identtfy or recognise non-comtAian¢e wth applicable laws and regulatsons.. We identsfied the laws and re9ulations applicable to the company through disCUSSiOnS With directors and other rnanagement. and from our commeroal knowedge and experience of the industry sedor." We focused on specik laws and gUlationS vthich we considered may have a direct material effect on the financial statements or the operab"on5 of the company, including the Companies Act 2006, lax8lion legislab.on and ¢Jata prole¢tion. anti-iyibery. empkjymenl. environmental and health and safety legislation.. We assessed the extent of compliare wth the laws and regulations identified above thrtsu making enquiries of management and inspectin9 legal COrsPonder. We assessed the SUSp11blIIty of the companys financial statement5 to material misststement, including obtaining an understanding of how fraud might occur. by.. Making enquiries of management as to %the they considered there was susceptibility to fraud. their kedge of actual, suspected and aleged fraud- and Consiijering the inlernal controls in ace to mibgate risks of fraud and non<ompliance with laws and Tegulations. To address the risk of fraud through management bias and override of controls. we.. Performed analyiical procedures to identsfy any unuSLI81 or WXpeCted relatnShIps. Tested joum81 entries to identtfy unusual transaciions: Assessed whether judgements and assvmptK)ns me in deteM)ing accounting eslimales were indicative of poienb.al bias". and Investigated the rationale behind significant or unuwal transactions. In response to the risk of irregularities and non-comphance with laws ar regulalK)ns. we designed procedures which included. but were not limited to.. Agreeing financial stslemenl disclosu$ to uTrJerlwrwJ SUFwbng documenlation.. Enquiring of management as to actu81 and poienkn.al Igallon and claims- Reading the minutes of meeting5 of those charged govemance- and. Revieb*ing correspondence wth HMRC and olher relevani partie5. There are inherent limitations in our audit procedu$ described above. The more MOVed that laws and gulalions are from financial transa¢b"ons. the less likely it is that we Yrtjuld become aware of non- compliance. Auditing standards also limrt the audit pr¢xedures required to idenb.fy non-compliance wth laws and regulation5 to enquiry of the directors and other margeMertt and the inspectK)n of gulatOry and legal correspondence. if any.
YEAR ENDED 31 OCTOBER 2023 Page 14 Independent Auditovs Report lo the trust80s of Hubbub Foundation UK (continu) Matertal misstatements that arise due to fraud can be harder to detect than trse that arise from error as they may involve deliberate concealment or collusion. A further description of wr responsibilitse5 for the 8udit of the financial statements is located on the Financial Reporting Council's website at.. v*vh¥.fTC.org.ukJaudrtorsresponsibililies. Thi8 desCriptn forms part of our auditorfs report. Jeremy Kitson BA FCA (Senior Stslutory Auditor) lor and on behalf of Prime Chartered Accountants and Stalutory Auditors Corner Oak 1 Homer Road Solihull West Midlands 891 3QG Date.. 20.06.2024.
YEAR ENDED 31 OCTOBER 2023 Page 15 CONSOUDATED STATEMENT OF HNANCIAL AcTIVlEs INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2023 Unr¢$tricted D•slgnated R¢stricted Funds Funds Funds Total funds 2023 2022 Income from: Donation$ and legacies Investments Charitable activities Other incrjne 2.952,391 136.422 491.907 430 1.850,000 1,639.027 6.441,418 6.383,653 136.422 25,817 2.134,442 2.626.349 1.871,384 430 469 Total In¢omg 3.581.150 1.850,fy)0 3,773.469 9.204,619 8.281,323 Expendlturo on: Raising funds Charitable activities 79.W) 2,7,386 79.990 109.799 3.772,888 8.229,052 7,293.887 1.888.778 Total exp•ndrture 2.647.376 1.888.778 3.772,888 8,309.042 7.403,686 Net incom•llexpenditur•) 933.774 138.778) 581 895,577 877.637 Transfers betw••n funds (613.427) 613.427 Net mov•m•nt in funds 320.347 {38,778} 614,008 895.577 877,637 Funds brought forward al 1 November 1.351.905 1.988.778 599.359 3.940,042 3,062.40S Funds coffi forward a131 October 1,672.252 1.950.000 1,2J3,367 4,835.619 3.940,042 l activities are of a continuing nattre. There are no recognised gains or losses other than as shown above. The notes on pages 19 10 34 fomi pwi of these accounts. The ¢¢)mparalive ConsolKlaled Stalements of Finanaal ktivities is shown in note 23.
YEAR ENDED 31 OCTOBER 2023 Page 16 CONSOUDATED BALANCE SHE AS AT 31 OCTOBER 2023 As at 31 October 2023 A¥ •t 31 Oetobor 2022 FIXED ASSETS TangitAe fixed assets 27.816 37.309 27.816 37,309 CURRENT ASSETS Stock Oebtors C85h al ba)k 70,339 1.655.057 5.155,428 74,524 1,262.275 4,915.406 13 6,880,824 6,252,205 CREDITORS.. amounts fallin9 due within one year 14 12.073.021) 12.349,4721 Net current assets 4.807.803 3.902,733 Total assets185s ojnt liabilitses 4.835.619 3,940.042 Credits.. amounts falling after morè than one yèar 14 NET ASSETS 4.835,619 3,940,042 RESERVES Unrestricted fvnds= Oesionaled funds Restricted fund 1.672.252 1.950.(KJO 1,213.367 1,351.905 1,988.778 599,359 TOTAL FUNDS 1e417 4.835.619 3,940,042 These financial slatemenls appTove¢J and authorised for issue by the Board of Trustees on . 2024 and are signed on thwr 31 by e¥irAW)A>d1fJ1I,thgrd of Trustee5 New Wing, Somerset House. Strand. London, WC2R 1 LA The notes on pages 19 to 34 forni part of these accounls. Company RegistratKJn Number 038107
YEAR ENDED 31 OCTOBER 2023 Page 17 CHARITY BALANCE SHEET AS AT 31 OCTOBER 2023 As at 31 Octob•r 2023 As at 31 October 2022 FIXED ASSETS Tangible fixed assets Investments 11 12 27.635 36.892 50.000 77,635 86.892 CURRENT ASSETS Stock Oebtors Cash at b8nk 13 1.681.491 5.111.876 1.263.850 4,776.489 6.793.367 6.040,339 CREDITORS." amOl$fallj dL within one year 14 12.056.843) 12,285.5631 Net current assets 4.736.524 3.754.776 Total assets kss ojrrenl liabilib.es 4.814.159 3,841.668 Creilitors.. arnounts falling due after mor$ than one year 14 NET ASSETS 4,814,159 3.641,668 RESERVES Unrestricted funds". Designaled funds Restricted fund 1.650,791 1.950.WKJ 1,213,368 1,253,$31 1,988,778 599,359 TOTAL FUNDS 4.814,159 3.841,668 The nel movement tn Ivnds for the year relating to the panI charity alone amounte¢J lo £972,490. These financial statements ere approved and aulhorised fty issue by the Board of Tru51ees on 2024 and are signed on their behalf by New Wing, Somersel House. Strand. London. WC2R 1LA The notes on pages 19 to 34 fomi part of Ihese accounts. Company Registralh)n Number 09038107
YEAR ENDED 31 OCTOBER 2023 Page 18 CONSOLIDATED STATEMENT OF CASH FLOW YEAR ENOED 31 OCTOBER 2023 2023 2022 Net Cash from operating a¢tivities 112,094 2.643.363 Investlng activities Purchase of tangible fixed asset5 Intere51 received 18.4941 136.422 134.1931 25,817 127,928 {8,376) Flnanclng aetivitles Repayments of bofrowing Cash inflows fr¢xn new bWOvng 1250.0001 1250.000) Net movement in u$h and cash equlvalents 240.022 2.384.987 Cash and cash equNalents al 1 November 4.915,4( 2,530,419 Cash and cash equNalents al 31 October 5.155,428 4,915,41 Notes to Ststemenl of Cash FIOWE 2023 2022 . Reconciliation of Net expenditure to Net C•sh 04rtnow from Opernting A¢tiYitlwa Net income I lexpenditurel for the year Depreciation Inlefest recewabfe De¢ase/l1ncfease> in debtors IncreaSellde¢8sel in creditors Decreasellincfease) in stock 895.577 17.987 1136.422) 1392.782) {276.451) 4.185 877.637 15,806 {25.8171 94,354 1.674,135 7,248 112,094 2,643.363
YEAR ENDED 31 OCTOBER 2023 P.age 19 ACCOUNTING POLICIES The principal accounting policies adopted. judgements and key sources of estimabon uncertainty in the. eparation of the financial statements are as follows.. la) Basis of k¢ounting Charities.. Ststement of Recommer5ded Praclice applicable to charities preparing their accounts in aordanCe silh the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 1021 leffective 1 January 20191 (Charib"es SORP (FRS10211. the financial Reporting Standard applicable in the UK Republic of Ireland IFRS 102) and Companies Act 2006. The Hubbub Foundab"on meels the definition of a public enlity under FRS 102_ Assets and liabilities are initially recognised at historical cost or transactbon value unles5 otherwise stste(l in the levant accounljng policy note5. Ib} Going Concern The Board of Tnjstees is of the op¥iion that the charity has adequate resources to ¢tinUe in operational existen for the foreseeable future and there are no material uncertainties regarding the charity's ability to do so. 1¢) Group Fin•n¢lal Stat•menls The financial statements consolidale Ihe resuks of the charity and its wholly subsidiary Hubbub Foundation Enterprise Limited on a line-by-line basis. A separate slement of Financial Activities and Income and Expenditure Accountfor the charity h8s not been presented because the charity has taken advaritage of the exemption afforded by Section 408 of the Compans Acl 2006. Idl Donations and grants r¢¢eivable Donations and grants receivable. induding capital grants, are brought into the &counls on receipt or when receivable, there the reIpl is probable. Income is delerred only when= the Charity has still to significant conditions before becomirvj entitled to the incoffle: or the donor has spectfied that the inrne is lo be expended in a fvture perio¢J. (•) Charitable Activitie5 Chwilable acliwties a brought into ts accounts on receipt or then receivable. where Ihe receipt is probable. Charitsble acts"vitiÈs consists of.. Community actions and campaigns Initiative5 Wlth organisatsons Educational activity Sale of ballot nS lfj Donal•d services Donated service5 cornprise donated service5 and facilities and a included in income ¥•knere such donali¢)ns are financially quantifiable. al an estimate of the vahJe of the benefit to the Charity. {gl Govérnment grants Govemment grants are recowised at the faif vaue of the asset received or receivable when there is reasonable assurance that the Chartty will compty th nditionS attaching lo Ihem and Ihe grants will be received using the accr m¢xJel. {hl Expenditure Expendilure is recognised on an acGruals ba95 in the period bn bthich they are urred. Expenditure is allocated to the paClaT acb"vtywhere the cost relates direcllyto that activity. Certain costs. which are attributable to more than one aclivity. are aPpO.0ned across cost categories on the basis of an estimate of the proporbon of ts.me spent by personnel on those ackn"vities or. if not appropriate. in proportWi lo the income attributable to those adivities.
YEAR ENDEO 31 OCTOBER 2023 Page 20 ACCOUNTING POUCIES l¢ontinuad} lil Costs of generatlng funds Costs of generating funds incorpor8te Ihe salarie5. direct experlIU and overhead costs of the staff involved in raising voluntary irKome for the Chanty's use. ti) Direct Charitable Costs Dirert charitable costs comprise those costs incurred in Pursuing the charitsble aims of the Charity. In particular theyindude the StS0f deliverir4J HLtrbbub Foundation UK'S programme$ to participators. Ikl Support costs Support costs are those costs incurred by the Charity in development and support of rt5 main activities and projecls. These are absorbed 1th1n d1cl project cosls as shown in Note g. Support costs are allocated to the various charitable actItieS on the basis of the proporbon of direct staff costs incurred by each activity. 11) Govem•nce Costs Govemance costs are those costs incurred in the management of Ihe Chari5 assets, organisalion and Complian functions. Im) Fund ¥¢¢ounting Funds held by the Charity can be: (i) Unre51ricted general - Ihese are funds vAthout $FecAfied purpose a1 are available as general lunds. {iil Designated funds~ these are ftjnds set agde by the Truslees out of unrestricted general funds for spe¢rfi¢ future purposes or projects. (iiil Restricted funds - these are fuThJs which can only be LLsed for particular restncled purposes wthin the objects of the Charity. Resth"clions arise vknen specified by the donor or ¥then funds are raised for parlicular re51ricled purposes. Tfansfefs behveen fvnds are made to cover deficits on indiwdual restricted funds and to reeognise rixed assets aCqUid wth restricted income. tr¥Jt wilh no lurther restriction on use. within unrestricted funds. {nl Operatlng Lease Agre•monts Rentals applicable to operating leases Yknere substsnbally all of the benefits 8nd risks of ownership main with the lessor are charged a9ainst in equal annual arnOts over the period of the lease. (o) Fix•d Ass•ts Fixed assets are stated at cost less accumulated depreoatson and impaim)enl losses. Only assets over the value of £1.000 a capitalised. Depreciation is calculated to lte off the costs of the fixed asset by equal instslments as follows, 811 straight line.. Office equipment 330A 125% SL Where fixed assets are located wthin an unreslricted fund and are utilised on a temporary basis within a restricted fund the depreciation charge is apportioned befvn fvnds on a rational basis. Impairrnent reviews are carried out annually on the net book value of fixed assels. Fixed Assets untler conslruclion are ststed at cost until Ihe conslwction is complete and depreciated thereafter.
YEAR ENDED 31 OCTOBER 2023 Page 21 ACCOUNTING POLICIES (¢ontInu) (pl Stock Stocks are valued at the lower of cost and net realisable value. (ql Cash and cayh •quivalents Cash and cash equivalents indudes cash in hand and dewsits held at banks. (rl Creditors and provisions Creditors and provisions are recognised Whe Ihe chartty has a present obligalion resulting from a past event that will probably resuh in the transfer of funds to a third paty and the amount due to settle the obligation can be measured or estimated reliably. Creditors ar prowsions are norffl811y recognised at their setuement amount after allowing for any trade discounts due. (sl Estimates and ludgemenls Estimates and judgements are continually evaluated and are based on historical experience and other fa¢tors, including expeclatsons of future events that are believed lo be reasonable under the circumstances. Athough Ihese eslimales are based on the Tru51ees' besi knedge of the amount, events OT aclions. tUal resulls uttimately drffer fri these ests"mates. The Trustees do not consider the to be any material estimales and judgemenls. (t) Financial instruments Hubbub Found81ion UK only holds basic financial instruments as defineLI in FRS 102. The finan¢i81 assets and financial liabil'ties and their measurement basis a as follows.. Financial ass•ts- trade and other debtors we basic financial instruments and are debt Ir15trument5 me8sured al amortised cosl. Prepayments are nol finala1 instwments. Cash atbank is classrfied as a basic financial instrument and is rneasured at face v81ue. Financial liabilities - trade creditors. acc15 and oiher creditcKs are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disdosure defillition. Deferred ineome 15 not deemed to be 8 financial 118bility. as the cash settlement has already taken place an(J ihere is an oYig81ion lo deliver serwces rather than cash or anolher linancial instruments. Loans- Liabilities for borrowngs which are subjed to a market Tate of interest are measured at the value of the amount advanced, less capital repa)ents {ul Investments Investments are COgniSed at market value. (vl Gift Aid Gift Aid payments payable from a OllY o*ned subsidiary to its parent charity are treated as a distributson and are recognised only when the physical payment is made. Corporation tsx relief arising on actual Gift Aid PaentS in the year and on th¢)se payments made by a wholly owned subsidrdry of the charity that distributes undislribuled reserves of the subsidiary within 9 months of the year end is recognised in the accounts in the year in which the underlying distributable profits arise.
YEAR ENDED 31 OCTOBER 2023 Page 22 DONATIONS AND LEGACIES 2023 Total 2022 Total 1% for the Planet ACS Clothing Air Qualty Bunzl Dentsu Esrnée Fairbaim Food Conne¢t GLA.. Breaking Ground In Our Nature Microsoft Other donations and grants Rothschild Foundation Starbucks The Co-operative Group Viryin Media 02 13,238 3.OCKI 10.000 11,173 20.000 18.973 120.OCQ 17,291 75,49) 50.000 150.000 21.424 37.100 4.064,506 831,292 1.167,867 6,740 40,0 4.610,781 1.170,794 315,402 6,441.418 6.383.653 In 8ddrtion to grants and donations. the Charity has lled on the support of volunteers. INCOME ANO CHARITABLE ACTivmES 2023 2022 Total Grants Charitable trading Ballot bin sales Trading contracts 1.572.125 700,212 145,182 208.830 518,511 899,996 164,138 288.739 2.626.349 1.871.384 OTHER INCOME 2023 Total 2022 Total Tax reclaimed Sale of assets 469 469 RAISING FUNDS 2023 Total 2022 Total Staff costs 79, 109.799
YEAR ENDED 31 OCTOBER 2023 Page 23 CHARABLE ACTIVITIES 2023 T¢)tsl 2022 T¢)tsl Staff costs Diwl costs Govemance costs Inote 7 Staff SUF4)0rt Costs (note 81 Direct sUppt Costs (note 81 2,717,010 4,766,738 20.897 88.638 635,769 2.193,796 4.589,326 43,376 87,726 379.663 8.229,052 7,293.887 Staff support costs and other supFx)rt costs have been alo¢ated to charitable activities in proportion lo direct 5tsff costs of those acb"Mtie$. GoveRNANCE COSTS 2023 Total 2022 Total Audit fee Other aoUntsnCY services 12,2YJ 8.647 9,600 33.776 20.897 43,376 SUPPORT COSTS 2023 Totsl 2022 Totsl Staff costs Ofvr support costs 88.638 635,769 87.726 379,663 724,407 467,389 Other SUPF)Ort costs indudes Content and des¢gn expenditure of £7.189 12022: £21,045}, Markeling costs 01 £179.67812022'. £5.934). and other administration expense5. g. TAXATION The company is a regislered charity aThJ it is considered that its activities and Telationships are such that no corpfxation taxation liabdity will arise. The subsidiary, Hubbub FOUndatn Enterprise Limiled, ha5 elected to make a grft aid payrnenl to the parent within 9 months of the year end of these financial ststements. Hubbub Foundation UK. which am¢unls to its profits of £22.287_ As such the company has no taxable profits and theref(xe has £Nil corporation tax due for the year ended 31 October 2023. 10. EMPLOYEE AND STAFF COSTS (GROUP & CHARITY) 2023 Totsl 2022 Totsl Wages and Salaries Employels NIC Employerfs pens 2.418.326 261.315 117.359 1,983,053 223,413 97.129 2.797.000 2.303,595
YEAR ENDED 31 OCTOBER 2023 Page 24 10. EMPLOYEE AND STAFF COSTS {GROUP & CHARIrn cont. The number of emrAoyees %those emdLwnents for the year fell thIn the foltowing bands were.. 2023 Number 2022 Number £60.001- £70,000 £70,001- £80,000 £80,001 - £90,000 £90,001- £100,OIX) £100,1 - £110.000 The aggregale remuneration of key management personal of the Group and Charity was £506.659 {2022: £432,986). The average number of stsff employed by the Charity thjring the period was a5 follows: Charitable a¢tivilie5 - Direct project stsff 63 53 In addition to the atr>)ve Costs the Charity used consultants and agency stsff to support the delivery of individual projects and for the promsion of finance semces. Con5u118ncy & contract stsff costs totalled £13.54212022: £19.464) dIng the peric*J. 11. TANGIBLE FIXED ASSETS Fishing C>ffico Equipmènt Total GROUP TANGIBLE FIXED ASSETS Cost At 1 November 2022 Ad¢Jilions Disposals 12.000 93.262 8,494 17431 105,262 8,494 17431 Balance at 31 October 2023 12.000 101.013 113,013 A¢cumulat8d depr¢¢iation At 1 November 2022 Charge for the year On disposal 12.000 S5.953 17.987 {7431 67,953 17.987 17431 Balance at 31 October 2023 12.000 73.197 85,197 N•t Book Valu• Balance al 31 October 2023 27.816 27.816 Balance at 31 October 2022 37.309 37,309
YEAR ENDED 31 OCTOBER 2023 Page 25 11. TANGIBLe FIXED ASSETS cont. Flshing boats oirico Equipment Total CHARITY TANGIBLE FIXED ASSETS Cost At 1 November 2022 Additions Oi5posals 12,0(J) 87.670 8,494 17431 99.670 8,494 17431 Balance at 31 October 2023 12.000 95.421 107.421 Accumulated d•prnclation At 1 November 2022 Charge for the year On di5ptssal 12,000 9),778 17,751 (7431 62.778 17.751 17431 Balance al 31 October 2023 12.000 67.786 79.786 Net Bo¢>k Value Carried fowrd al 31 October 2023 27,635 27,635 Brought forward at 1 November 2022 36,892 36,892 12. INVESTMENTS CHARITY INVESTMEPs Cost At 1 November 2022 Movement 9J.000 B•l•n¢e at 31 O¢tober 2023 50,000 13. DEBTORS Group Charity 2023 Total 2022 Total 2023 Total 2022 Total Trade dèbtors Prepayments and accrued incovne VAT Other debtors Group company 1.295,794 302,8 615,820 1.264,260 582,597 300.362 525.844 579.747 3,024 .310 98.925 56.413 56.310 56,413 60,456 1.655,057 1.262,275 1.681.491 1.263,850
YEAR ENDED 31 OCTOBER 2023 Page 26 14. CREDITORS Group Charity 2023 Total 2022 Total 2023 Total 2022 Total Arnounts falling due within one year:. Trade creditors Taxation and social Srity cruals and deferred fftcome Other creditors 139.671 263,283 3.764 63.593 1.928.759 2.022.579 827 17 120.592 11,068 1.924.356 827 231,825 63,592 1.990.129 17 2.073.021 2.349,472 2.056.843 2.285.563 Amounts falling due after one year:. Loans Dd¢Tred incomo in¢lud¢d in •¢¢tual$ and d¢ferr¢d Inwme:. Group Charity 2023 2022 2023 2022 Brought foTrRrd Amount deferred in the yoar Released to the Stalement of FIn¢tal ALlivibèS 1.993,928 410,708 1.965.088 385,008 3.102.940 3,797.758 3,011,6 3.668,284 13.198.170) 12.214.538) (3.079.880) 12,088,204) Carneij fornvard 1.8gB,698 1.993.928 1.898.698 1.965.088 15. CAPITAL The company has no share Capitsl. being limited byguarantee. There are 9 members of the company, ea¢h of whom has undertaken to ¢ontribute £1 in the event of the company being wound up. 16. ANALYSIS OF NET ASSETS BEfwEEN FUNDS Unrnstricted Designated Funds Funds Restri¢t¢d Funds T¢tal Funds Fixed assets Cash Other curnt assets Current h'abilities 27,816 1,992,061 1,725,3% (2,073,021) 27.816 5,155.428 1,725.396 {2.073.021} 1.950.000 1.213.367 Total nét assets 1.672.252 1.950.000 1.213.367 4,835,619
YEAR ENDED 31 OCTOBER 2023 Page 27 17. MOVEMENT IN FUNDS 8alan¢e at 1Nov 2022 Balance at 31 O¢t 2023 Income Expenditur• Transfers Belazu Home Run BNF- Sustainable Student Ch"ets C8boothe'. Microsoft IT F¢)od Centre lor Digital Connect Coca-cola.. Oublin Cifcle Cty Coca-cola". Ttsasure Your Rivus Dunelrn.. Pas5 It on vAth Purpose E-88y'. FaShn Circular InnoVatn Fd Exirnedia.. Trafford Centre Irtsits F¢)od Conned Food Savy GLA Greener Together Gloucesiet Counal.. Repair Hornes for Studenls.. ActM)n on food wrasie IGD Services." Scoping for re IKEA.. CirrAJlar Hubs In Our Nature In Our Natu.. Urban Greenir In the Loop." McDonalds In the Loop Innovate.. Composfable PaEk4iNJ Inveslec London Borough of Nvknm.. cne1 Together Johrs Levh$.' Cirodar ErQmY Fund KFC.. PKk your side lQ"ehl's." SUP Initiative Lucozade Ribena.. Love For85t Make our Move.. Rothschild FoundalK*n Noyuna.. Emp&)yee Engagement 02.. Cornmunity Calling OVO Energy.. Glasw Energy Prciect Renwng Household ReLydiThJ ReusaNe cup laboratN Pels al Home Playtech Primark stste of the Nation Tale 8 Lyle" Keep bakry. start bakn" Telefon8". Youth Advisory Counul T85co'. Htallhy 8 Sustsinable Oiets Virgin Media 02.. Teth LendirwJ Community Fund Virgin Media 02_. fme after Tirng Welct)me Break 13.850 6,150 (37.81Xll (14.3491 17.0451 37.8 175 15,1751 203.948 203.948 {1321 {42.3271 13.0241 16.5561 {214.4841 {35.3211 (92,9641 {20.6441 15.2681 {79.3811 {24,6591 {253.5291 {126.1801 124.2641 1190.8681 (55.7091 11501 (14,5591 13,4511 (121,0211 13.3361 14971 {52.7651 (70.6561 I644,5) 153,5(fi1 123,7501 120.3401 (32.6W21 137.4401 1131.1431 112.9751 {721 121.6881 113 1117.2291 {411.1231 138.0931 132 2.766 40,C((I 439 1,976 S.OC 74.840 33.625 100.514 19.5S) 1.556 139,644 1.696 7,550 1.084 1,731 14.102 10.$57 263,&33 135.LK)O 10.304 61,485 4.264 190.868 55.709 150 14.266 293 3.451 1,021 1.168 2H 12.765 2.236 120.Al 2.168 253 40,C((I 68.420 288.577 52. 388.875 32.547 602 23,750 5.340 1.367 1S.( 31,325 1.255 145.600 64.221 15.712 51.246 72 15.438 6.250 18,0 60.3 17,987 56.839 608.7 2.955 196,944 35.138 Communlty Fridg95: Big Lottery Denlsu Roihschilé Fnda.On The Co-operative Group 38.575 38.575 18,973 144,104 411,577 18,973 95.704 1,171.182 {759,6051 Total Resln"¢ted funds 599.359 3.773,469 13.772.888) 613.427 1,213.367 UnSIn'¢1ed fvnds Desig)al&J fijnds 1.351.5 1.988,778 3,581.150 1.850.CI)J 12.647,376} 1613.4271 11.888,7781 1,672,252 1.950.01 Total funds 3.940.042 9.204.619 18.309.042) 4,835,619
YEAR ENDED 31 OCTOBER 2023 Page 28 A comparative movement in fuThJs note has been provKled in note 25. Purposes of R•strict•d Funds: 8elazu.' Home Run An employee engagement ¢8mpaign to 5UPPOrt Betazu empk)yees to make enwronmental choi5 at NK)rk and at home. Bunzl-. Flexible Plastics Fund This lund supported Hubbub to ¢ate the c(Mnmuni¢ation5 campaign for an initiative promoting flexible plastics recycling. Centre for Di ital Connecl Grant given to lund the digital training of a stsff memiw. Coca-cola" Treasure Your Riv Thi5 fund. financed by the CoGa-Cola Foundalion. has enabled Hubl)ub to set up the Treasure Your River caMpan whKh is a ¢ollaborative project to remove Ier from five ot the UK'S main rivers. Dunelm.. P ss It With Pu A tri81 with Dunelm Customers to test peer-tt>peer buying, selling and donaling of second-hand homebyare and fumiture In-st0 and online. eB8 Fashion Circular Econom Innovation Fund Supporting eBay to deliver the fund which inspires SMES to ¢ate new. innovative te¢h ideas that aid buyers and sellers to adopt a circulaf approa¢h to fashion. Eximedia.. Trafford cent Insi hts A project to improve recycling and engage customers to Waste less. in the Trafford ntre. Manchester. ks-. F nn Pilot for establishing a zero-carbon surplus food lstrIbution scheme in Milton Keynes. un oun il." Food Sa A campaign wilh Norfolk & Suffolk Counuls lo support resthnts to reduce lood waste. Fl vourists.. The Flavourists Fund A partnership wth The Flavourists in an attempt to boost cooking skills wthin cclnmunities. GLA and Londm Borou h of Ne%¥ m: Greener T Iher Community-led trial tts tsckle enwronmentsl and soaal inequality in an urKlerserved London community disproporbcfftately affected by the climate rJisis. Glou¢Èsteishire Coun Council- The R air Hub A repair pop up shop in Gloucester and digitsl campaign to get re&dents in GI0estershlre to repair, Sha and reuse bikes. dectricals and lexliles Homes for Students.. Food Waste Ti Small digitsl communication5 campaign to encourage and nudge students lo redLsce foc waste. IGD.. Su enn use Trials A project to in¢rease the effectiveness of refill xhemes n supermarkets through behaviowal in5itht IKEA. ircular Hub Proje¢l wlh IKEA centre¢J 8round giving a second Chan for IKEA ftjmitwe. In Our Nature A cornrnunity-led programme building a new movemenl of everyday climate aclion across Manchesler. MeDonakl' I Coca-cola.. In the Lo Grant funds for councils to establish projects to enable the wblic to recycle when out and about.
YEAR ENDED 31 OCTOBER 2023 Page 29 Innovate UK". ostsbl P cka A grant for a collabtyation with other entities exploring Compostable Packaging. John LewÈs.. The Circular Future Fund A £1 million innovation grant fund to identify trailblazng iileas and innovations to b005t the transition towards the circular economy focused on textiles and household Pfoducls, Services and technology. Just 8t.. Fot)d Waste Race A pilot cohort project to identrfy opportunities to redu food waste from takeaw8ys, leading to recommendations for Just Eat including a $taUrant Proer sustainability guide. Kiehl's". SUP initiative Funds Ihe designing, cre8tion and manufaclwin9 of stand-up paddleboards using recycled Kiehl's plastsc. uma Tr st." Lancw I rows Best A one-year. hypedocal community glowing project a4'acentto the te of the Grenfell Towerfire. The project is delivering a commLmal garden in consultation ith reshlents and SLspporting growing 5ki115 and connection wth nature. LGBT Foundalion.. Green With Pride A campaign to engage LG8T+ audiences on a variety of sustainability issues. Lucozade Ribena.. Love Your Forest This grant was to fund a litter and recyding campaign in Ihe Foffjst of Dean. Make Our Move.. Rothschild Foundation Supporting 25 young peOe io create their own enyimnmental Campaigns. Novuna.. Em lo eEn emenl A SiX4monlh colleague engagemenl programme focused on the ¢lar enomY. VM02: Communit Callin Fund io support working a bocal community Wjup in Southwark to trial a pilot smartphone onats.on scheme. OVO Ener The Bi Streel U rade Pilot lo test the working 7Mth one street in Glas9OW to make hcrfne energy retrofits and inspire energy savings. newi. H sehold Rec A communications campaign to enable and inspire residents in south Yorkshire lo recycle more items and better. to reduce contamination. Costal Pret." BooW Cu A cross-chain collaboratn to pilot a ctywide. borrowable. reUsae cup scheme in Glasgow. Pets al Home Resear¢h. employee engagefflent and behaviour change mpaigns. Pla eth= Sustainabili Parlnershi ramme Year-long employee engagement pro9ramme includin9 a listening phase and four topKs from e- waste to energy, to InSpe envifonmental action at bwrk and home. Primark-. Durabilil Pro ect A campaign to understand the durability of cknthir¥J *)d to educate people about how to best value and care for their dothes. VM02: State of the Nation re Research report investigating molyle e-waste and ciruAarity among young people. Tale&L Kee Bakin Start Savin A soclal medra campaign 9i¥ing tips for energyknt baking.
YEAR ENDED 31 OCTOBER 2023 Page 30 VM02'. Youth Adviso Counal Establishing and coordinating a Youth Advisory Council f¢Y VMO2. Tesco.. ustsinable Diets Pilot A behaviour change trial to learn ntefvenb.ons best swport Tesco customers on lower incomes to eat more sustsinably. in Media 02." T h Lendin mmuni Fun A granl fund suppOn9 temporary accommodation services to set up and run tech ndIng hub5. loaning refurbished tablets to their beneficiaries with free connecb.wty from WO2. in Medi8 02.. Time After Timè A projeci to enurage keeping mobile phones longer induding a grant fund and behaviour change campaign. Welcome Break". In The Lo Project ai two service stations to inprove reCIng (m the go and tackle litter. R thschild F nd tion-. Communi Frid e Netsv)rk Funds the set-up. maintenance and running of community fridges for up to a year. These fridges are designed to help families feed themsefves and become more aware of food waste issues. The C0 erative G .. Communi e Nefvlork This grant funded set up costs of £4.000 for 100 communty fridges, where any member of the public can share andlor take-home surplus food. The grant also prowded project management support for the Community Fridge Network. which is managed by Hubbub. Dentsu.. Communi Frid e Nehm) Contribution towards the Community Fridge Ne. to tackle food waste Purposes of Designated Funds: Starbucks desi nated During the year, ihe Trustees designated a furlher £1.850.000 of the income received from the Starbuck$ 5p donations. This was part of the agreement wilh Starbucks and has been spent largely on the Greener communib.es Fund with the remaThder split betsyeen the 8n.ng it Back Fund. and roadside litter carnpai. Greener Communib"e5 Fund A fund enabling len NHS charities to create and improve green spaces across the UK, made possiblg thanks to the Slarbucks 5p cup charge donations. Roadside litter cam n A new campaign to reduce litter all9 roadsides by implementing tsrgeted messaging and attent¢on grabbing intervenb"ons. 18. COMMITMENTS UNDER OPERATING LEASES At 31 October the wmpany had total commitments under non•cancellable operating leases as set oul below. Land and 8uilding5 2023 2022 Payable.. Within one year Within hvo to five years 96.920 95,019 95.019
YEAR ENDED 31 OCTOBER 2023 Page 31 19. TRADING SUBSIDIARY Hubbub Foundation UK owns 100% of the share capital of Hubbub Foundation Enterprise Lifflited. During the year Hubbub Foundation UK received income from Hubtrxjb Foundation Enterprise Limited relating to recharged salary and pension costs of £26,897 {2022= £37.8651 and recharged renlal costs of £12,03612022.. £11.9281. Al 31st October 2023 the Hubbub Foundab"on UK balance sheet included the followng balances relating lo Hubbub Foundation Enterprise "Mited.. 2023 2022 Intercompany {ueth'ttYl I debtor Deferred income 60.4 98,925 NET RESULTS OF TRADING SUBSIDIARY The charity ha5 a wholly owned trading subsidiary. Hubbub Found81ion Enterprise Limited vthich is a private company, limited by shares, gIStered in England and W8les. giStratIon number 08910364. The registered office is Ihe same as that of the charity. Hubbub Foundation Enterprise Limited sells enmronmental serwces and pr¢yJu¢ts lo business and Govemment. including communic8bons and cOmpan serVes. A summaryof the $IlS ofHubbub Foundation Enterprise Limrted is shown below. 2023 2022 Profit & Loss Tumover Cost of sales 354.013 452.877 {261,258) 1287,1111 Gross profrt 92.755 165.766 Administrative expenses her income {70,711) 167,6341 Operating profitllloss) Interest payable and simikr expenses 22.052 98.132 ProfiV{lossl for the ar 22,052 98.132 Balanco Sheet 2023 2022 Fixed Assets Curient Assets Current Liabilities 181 417 181,218 310.794 {109.9401 1162.8351 71.459 148.376 Called up share capit Profil & loss account 50.OLX) 21.459 50.000 98.376 Net Assets 71.459 148,376
YEAR EMDED 31 OCTOBER 2023 Page 32 21. TRUSTEES. REMUNERATION AND EXPENSES rkning 2022. Deborah Luffvnan received £1.2 ftw prov*Jing Ihe Charity viith marketing serwces in respect of sustainable fashion campaigns. None of the trustees were paid any remuneration or received any other benefits fr£xn an empk)ymentwth the charity or a related enlityfor ihe yearended 31 October 2023. Trustee expenses of £149 have been TmburSel1 for Ihe year ended 31 October 2023 (2022: £Nil}. 22. RELATED PARTY TRANSACTIONS During the year, the Charity paid £24.05812022.. £58.940) lo Grant Taylor for film-making services. Grant Taylor is the husband of Heather Poore. 8 director of Hubbub Foundat40n UIQ
YEAR ENDEO 31 OCTOBER 2023 P89e 33 23. COMPARATNE STATEMENT OF FINANCIAL ACTIVMES THE YEAR ENDED 31 OCTOBER 2022 Unrestricted Designated R8stri¢knl Funds Funds Funds T<)tsl fund$ 2022 2021 Incomofrom: Donations ar legleS Investments Charitable activities Other income 3,218.084 25.817 1,165.706 1.346.465 1.819.104 6.383,653 25.817 705.678 1.871.384 469 2,098,555 12,856 2.555,000 4.079 Total income 4,410.076 1.346.465 2,524,782 8,281.323 4,670,490 Expenditure on: Raising funds Charilable aclivibes 109,799 3.764.574 109,799 2.528,713 7.293.887 5,826 4.268.453 1.000.600 Total expenditure 3,874.373 1.000,600 2.528,713 7.403.686 4.274,279 Not in¢omell¢xp•nditurn) 535.703 345.865 {3.9311 877.637 Y36.211 Transfers b•tn funds (527.638) 527,638 Nal movtmant in funds 8.065 345,865 523,707 877.637 396.211 Funds al 1 NOveMr 1.343.840 1.642.913 75.652 3.062.405 2.666,194 Funds at 31 O¢tober 1.351.905 1,988.778 599,359 3.940.042 3,062.405 24. COMPARATIVE ANALYSIS OF NET ASSETS BETWEEN FUNDS FOR YEAR ENDED 31 OCTOBER 2022 Unrestrieied Funds Designated Funds Restricted Funds Totsl Funds Fixed asse15 Cash Other current asse15 Current liabilities 37.309 343,666 1.309,552 1338.622) 37.309 2,582,962 4.915.406 27.247 1.336,799 12.010,850} 12,349,472) 1.988.778 T4Jtal net assets 1.351,5 1.998,778 599,359 3.940,042
YEAR ENDEO 31 OCTOBER 2023 Page 34 25. COMPARATIVE MOVEMENT IN FUNDS FOR YEAR ENDED 31 OCTOBER 2022 B*ance at 1Nov 2021 BalabKe al 31 Oct 2022 Incomo Expenditwe Transfews Bun21- EPPIC Pkstic Caboodle". Mi(yosoft IT Food Share Platform Centre for Digital Connect City of London.. Plastic Fishing Coca-cola.. Treasure Your Rivers Dunelm.. Pass it OD With Purpose E-Bay'. Fashion Circular Innovation Fund Food Connect Flavourisl Fund GLA." Greener Together IGD Servi¢es'. Scoping f(x reuse IKEA.. Circular Hubs In Our Nature In Our Nature.. Urban GnIng In The Loop Innovate.. Compostable Packaging London Borough of Nevtham.. Greener Together Just Eat.. Sustainabilily Guide Kiehl's.. SUP inrtialwe Kusuma TfUSt.' Lancaster West LGBT.. Together for Ir planet Love your forest". Foresters FO$1 Lucozade Ribena: Love Forest Norfcdk & Suffolk CounciSs'. Food S8VVy 02.. Community Calling Royal Borough of Kensington.. Lancaster West Primark Tate & Le.. Keep baking, start baking Virgin Media 02: Tech Lending Community Fund VITgin Media 02.. Time after Tmne 4,617 116.5011 1189.520) 11,884 1.720 187.8 5.000 5.lY)O 11.2701 145,9851 122.7341 (5,7851 1,270 30,347 15.638 25.500 2.766 785 95.985 10.090 50.010 1152.573) 114.8781 (139.518) 112,6121 (52.1181 1137.640) 154.8351 116.8331 122.9711 56,588 4.788 89.304 11,612 26.118 93.807 204 43.833 107. 10.2 52.665 6.633 18.308 4.037 10.5CKI (271) 14,266 3.99) 25,000 {9,2931 141.1181 121.3471 113.4311 11.4291 5.343 16,118 15,537 8,631 466 5,810 253 253 65.817 168.6281 2.811 693.723 1304.8481 128.7081 388.875 27,828 73.300 33.625 172.0451 137.9891 1.255 4.364 184,144 1201.9981 17.854 18.2371 8.237 Communlty Fridges: Bi9 Lottery Rothschikl Foundation The Co-operative Group 38,575 14.604 7.552 38,575 95.704 81,1CM] 758,761 (833.5981 67,285 Total Restricted funds 75.652 2.524.782 12.528.713) 527.638 599,359 unresth.cled funds Designated funds 1.343,840 4.410.076 1.642.913 1.346,465 {3.874.373) {$27,638) 1.351,gX)5 11,000.6001 1.988,778 Total funds 3.062.405 8.281.323 7.403.686 3.940,042
nable Issuer Hubbub Do¢ument generated Wed. 19th Jun 2024 15."48"48 UTC Oocum•nt fingerprint e8ba3b6449b270837311a92551808b1c Parties inv¢lved with this docum•nt Document processed Party + Fin9erprinl Wed, 19th Jun 2024 20.40 15 UTC Cathewine Brv•vn - sner19J2s983S144lag78842Ole248473O7aj Thu. 20th Jun 2024 5."21.'45 UTC Jonathan K- Si9ner149e40k88ef01576f261ceecf843ad621 Aud•t history 109 Date Action Wed, 19th Jun 2024 15.'48'.48 UTC Envelope generated by Kim Hancock81.97.2.103 Document generated wrth fin9erpTinl d750c727dea25at)acbC67aeaa9d139ea81.97 2.103 Wed, 19th Jun 2024 15.50.29 UTC Wed, 19th Jun 2024 15'50'.29 UTC DOcjenI 9eneraled wrth ffin9erprint d80da82e5f501ab8fi>S32bty)Oee557db81.97.2.103 Wed. 19th Jun 2024 15'.50.'30 UTC Document generated with fingerprint edfae40154df4f357deb7a6546594d1 b81.97.2.103 Wed, 19th Jun 2024 15 50.30 UTC Oocument generated wrth fingerprint e8ba3b6449b270837311a92551808b1¢81.97.2.103 Wed, 19th Jurh 2024 15.51 24 UTC Catherine Br+¥n ha5 been asswjned to this envekspe81.97.2.103 Wed. 191h Jun 2024 15_51 24 UTC Jonathan Katz has been as5HJned to this envelope81.97.2.103 Wed, 191h Jun 2024 15'.57.'38 UTC Sent the envelope to Catherine Brown Icatherinebrwi641@9mail.coml for srgnin981.97.2.103 Docwnent emailed to calherinebrown641@gmail.com18.130.27.139 Catherine Brown opened the dsxument email.104.28.40.142 Wed, 191h Jun 2024 15.S7.38 UTC Wed, 19th Jun 2024 16.27-01 UTC Wed, 19th Jun 2024 16".27.'02 UTC Catherine Brchvn ¥ie4ved the envelope82.132.212.1 Wed, 19th Jun 2024 16.'39.'08 UTC Catherine Brchvn opened the dUment email.172.226.0.29 Wed, 19th Jun 2024 17.'19'.07 UTC Catherine Brown opened the dUment email.104.28.89.69 Wed, 19th Jun 2024 20'.38.'11 UTC Catherine Brtrn opened Ihe urnent email.172.224.226.6 Wed, 19th Jun 2024 20.38.18 UTC Catherine Br(p Viewed the envelope90.204.73.14 Wed. 19th Jun 2024 20.40.15 UTC Catherine Brown signed the envelope90.204.73.14 Sent the envelope lo Jonathan Katz Ipnathan.kat250@gmail.com} for Wed, 19th Jun 2024 20.40.15 UTC Signing.2O4.73.l4
Wed. 19th Jvn 2024 20.40.15 UTC Document emailed to jonalhan.K50@gmail.com35.176.130.165 Wed. 19th Jun 2024 20".40:16 UTC Calhwine Brtr4vn viewed Ihe envelope90.204.73.14 Thu. 20th Jun 2024 5."16'57 UTC Jonathan Katz opened the dUment email.104.28.130.159 Thu, 2th Jun 2024 5."17'18 UTC Jonathan Katz wewed the ertvelope88.234.216.110 Thu. 20th Jun 2024 5.'21'46 UTC J¢)nathan K sigrl the envelope88.234.216.110 Thu, 20th Jun 2024 5..21'.46 UTC This envelope has been signed by all parties88.234.216.110 Jonathan Katz wewed the envelope88.234.216.110 Thu. 20th Jun 2024 5..21'.47 UTC