Registered number 1175117
Reboot the Future (Charity)
Accounts
31 December 2023
Reboot the Future (Charity) Report and accounts Contents
| Page | |
|---|---|
| Charity information | 1 |
| Trustees' report | 2 |
| Independent examiner's report | 3 |
| Accountants' report | 4 |
| Profit and loss account | 5 |
| Statement of comprehensive income | 3 |
| Balance sheet | 6 |
| Notes to the accounts | 7 |
Reboot the Future (Charity) Charity Information
Trustees
Stefan Homeister (appointed 01/23) Ami Shpiro Kim Elisabeth Polman M.A. Jeremy Bradshaw Georgie Howlett Veronica Patton-Cemm Emily Vernall
Accountants
Delphi Accounting Ltd Unit M6 Frome Business Park Manor Road Frome Somerset BA11 4FN
Bankers
HSBC UK 1 Centenary Square Birmingham B1 1HQ
Registered office
45 Priory Avenue London W4 1TZ
Registered charity number 1175117
1
Reboot the Future (Charity) Registered number: Trustees' Report
1175117
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023.
The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Registered charity number
1175117
Trustees
The following persons served as trustees during the year:
Stefan Homeister (appointed 01/23) Ami Shpiro Kim Elisabeth Polman M.A. Jeremy Bradshaw Georgie Howlett Veronica Patton-Cemm Emily Vernall
This report was approved by the board on ………………………… and signed on its behalf.
Mr J Bradshaw Trustee
2
Reboot the Future (Charity) Registered number: 1175117 Independent Examiner's Report
Independent Examiner's Report to the Trustees of Reboot the Future (Charity)
I report to the charity trustees on my examination of the accounts of Reboot the Future (Charity) for the year ended 31 December 2023.
Responsibilities and basis of report
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act")
I report in respect of my examination of the Trust's accounts 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.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of CIMA (Chartered Institute of Management Accountants) which is one of the listed bodies.
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:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independant examination.
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 accounts to be reached.
Delphi Accounting Ltd Chartered Tax Advisers Unit M6 Frome Business Park Manor Road Frome Somerset BA11 4FN
…………………………
3
Reboot the Future (Charity) Statement of Financial Activities for the year ended 31 December 2023
| Income and Endowments Charitable expenses Net (deficit)/income Interest receivable Movement for the financial year |
2023 £ 319,443 (387,685) (68,242) 242 (68,000) |
2022 £ 570,916 (547,998) |
|---|---|---|
| 22,918 - |
||
| 22,918 |
4
| Reboot the Future (Charity) Registered number: Balance Sheet as at 31 December 2023 Notes Fixed assets Tangible assets 3 Current assets Debtors 4 Cash at bank and in hand Creditors: amounts falling due within one year 5 Net current assets Net assets Funds Unrestricted Funds Restricted Funds 7 Total funds |
1175117 2023 £ 690 106,528 35,153 141,681 (9,989) 131,692 132,382 25,911 106,471 132,382 |
2022 £ 177 114,534 106,193 220,727 (20,522) 200,205 200,382 88,308 112,074 200,382 |
2022 £ 177 114,534 106,193 220,727 (20,522) 200,205 200,382 88,308 112,074 200,382 |
|---|---|---|---|
| 200,382 | |||
| 88,308 112,074 |
|||
| 200,382 |
The financial statements were approved by the members of the committee and authorised for
issue on ………………………………………… and are signed on their behalf by;
Mr J Bradshaw Trustee Approved by the board on …………………………
5
Reboot the Future (Charity) Movement in Funds for the year ended 31 December 2023
| Donations Sales Other income Global Impact funds Total Income Resources Expended Charitable Activities Charitable expenses Total Resources Expended Net Income for the year Reconciliation of Funds Total Fund Brought Forward at 1st Jan 2023 Total Fund Carried Forward at 31st Dec 2023 |
Unrestricted Funds 2023 £ 301,253 18,046 144 - |
Restricted Funds 2023 £ - - - - |
Total 2023 £ 301,253 18,046 144 - |
|---|---|---|---|
| 319,443 | - | 319,443 | |
| 319,443 | - | 319,443 | |
| (381,840) | (5,603) | (387,443) | |
| (381,840) | (5,603) | (387,443) | |
| (62,397) | (5,603) | (68,000) | |
| 88,308 | 112,074 | 200,382 | |
| 25,911 | 106,471 | 132,382 |
6
Reboot the Future (Charity) Notes to the Accounts for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The financial statements of the charity, which is a public benefit entity under FRS102, have been prepared in accordance with the Charities SORP (FRS102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standars applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment
33.33% straight line basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7
Reboot the Future (Charity) Notes to the Accounts for the year ended 31 December 2023
Trustees Remuneration
There were no trustees' remuneration or other benefits for the year ended 31 December 2023.
There were no trustees' expenses paid for the year ended 31 December 2023
| 2 Employees Average number of persons employed by the company 3 Tangible fixed assets Cost At 1 January 2023 Additions At 31 December 2023 Depreciation At 1 January 2023 Charge for the year At 31 December 2023 Net book value At 31 December 2023 At 31 December 2022 4 Debtors Trade debtors Global Impact Funds 5 Creditors: amounts falling due within one year Trade creditors Taxation and social security costs Other creditors |
2023 Number 7 2023 £ 57 106,471 106,528 2023 £ 2,042 6,379 1,568 9,989 |
2022 Number 7 |
|---|---|---|
| Plant and machinery etc £ 599 858 |
||
| 1,457 | ||
| 422 345 |
||
| 767 | ||
| 690 | ||
| 177 | ||
| 2022 £ 2,157 112,377 |
||
| 114,534 | ||
| 2022 £ 9,225 10,205 1,092 |
||
| 20,522 |
8
Reboot the Future (Charity) Notes to the Accounts for the year ended 31 December 2023
6 Restricted funds
The charity holds restricted funds from Global Impact Funds (US). As at 31 December 2023 the balance of the restricted funds were £106,471
7 Other information
Reboot the Future (Charity) is a charity registered with the charity commission in England and Wales. Its registered office address is:
45 Priory Avenue
London W4 1TZ
9
Reboot the Future (Charity) Detailed statement of financial activities for the year ended 31 December 2023
This schedule does not form part of the statutory accounts
| Income and Endowments Charitable expenses Operating surplus Interest receivable Net Income/(Expenditure) |
2023 £ 319,443 (387,685) (68,242) 242 (68,000) |
2022 £ 570,916 (547,998) |
|---|---|---|
| 22,918 - |
||
| 22,918 |
10
Reboot the Future (Charity) Detailed statement of financial activities for the year ended 31 December 2023
This schedule does not form part of the statutory accounts
| Income and Endowments Donations and gift aid Sales Other income Restricted funds Administrative expenses Employee costs: Wages and salaries Pensions Employer's NI Recruitment Staff training and welfare Travel and subsistence Entertaining Premises costs: Rent of office space Book storage and selling charges General administrative expenses: Reboot Website Printing, postage and stationery Project costs Bank charges Unrealise Currency Losses Insurance Website and IT Software & Subscriptions Repairs and maintenance Depreciation Sundry expenses Legal and professional costs: Accountancy fees Other legal and professional |
2023 £ 301,253 18,046 144 - 319,443 259,293 5,855 23,294 10,025 1,741 6,468 623 307,299 8,448 1,384 9,832 2,670 886 22,823 596 5,632 1,186 9,933 300 346 174 44,546 6,813 19,195 26,008 387,685 |
2022 £ 526,798 9,472 2,476 32,170 |
|---|---|---|
| 570,916 | ||
| 258,572 5,497 21,957 - 2,635 15,327 305 |
||
| 304,293 | ||
| 6,459 1,585 |
||
| 8,044 | ||
| 195 1,228 192,134 495 - 1,254 10,232 - 89 429 |
||
| 206,056 | ||
| 6,515 23,090 |
||
| 29,605 | ||
| 547,998 |
11