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:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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