REGENERATE TRUST
Company Number: 12346123
Registration Charity Number . 1191234
ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023

REGENERATE TRUST
INDEX
Page
Reference and administrative information
Trustees, Annual Report
Independent examiner's report
Statement of financial activities
Balance Sheet
Notes to the accounts
9-13

REGENERATE TRUST
TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTORS, REPORTI
FOR THE YEAR ENDED 31 DECEMBER 2023
REFERENCE AND ADMINISTRATIVE INFORMATION
Trustees and directors
Matt Isaacs (Chairman)
Richard Brass
Gi Fernando M BE
Devina Paul
Anna Swaithes- appointed 24 April 2023
Executive team/Key management personnel
Ed Boyd (Executive Director)
Harry Brown (Director)
Esme Clifford (Policy Directorl- from 11 September 2023
Mary Pizzey IDirectorl- to 21 July 2023
Company registration number
12346123
Registered Charity number
1191234
Registered office and contact address
Fivefields
8-10 Grosvenor Gardens
London SWIW ODH
Website
www.re-
enerate.or
Independent examiner
Daniel Valentine, ACA, Begbies Chartered Accountants
Unit 14, Park Barn, Evegate Business Park, Smeeth, Ashford TN25 65X
Solicitors
Bates Wells, 10 Queen Street Place, London, EC4R IBE
Bankers
Barclays Bank

REGENERATE TRUST
TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTORS, REPORT}
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees, who are a150 members and directors of the charitable company for the purposes of the
Companies Act, submit their annual report and accounts for the year ended 31 December 2023.
The Trustees confirm that the Annual Report and Account5 have been prepared in accordance with the
accounting policies set out in Note I to the accounts and comply with the Charities Act 2011, the
Companies Act 2006, the Memorandum and Articles of AsSOClation, and Accounting ond Reporting bv
Charities.- Stutement of Recommended Practice applicoble to charities prepuring their accounts in
uccordunce with the Finonciol Reporting Stondard opplicable in the UK und Republic of Irelund IFRS 1021
published on 16 July 2014.
Objectives and activities for the public benefit
The charitable company was incorporated on 3 December 2019 and became a registered charity on 10
September 2020.
The objects of the company are for the public benefit to.. 11 advance education and promote study and
research including without limitation in the subjects of sustainable development and responsible and
purposeful business and to publish and disseminate the useful results of such study and research,. 21
promote ethical standards and conduct in business through the provision of education and advice to
purpose-driven businesses and encouraging the adoption and application of high standards of business
ethics and governance and thereby= lal maximisin8 the material positive impact of business activities on
people and the environment affected by such activities,. and Ibl minimising the negative effects of bu51ness
activities on people and the environment affected by such activities.
The charity's trustees have complied with their duty in Section 17151 of the 2011 Charities Act to have due
regard to public benefit guidance published by the Charity Commission.
Mlsslon
ReGenerate's mission is to unlock the power of bLJsiness to help tackle great social and environmental
challenges and make purpose-driven business the new normal.
This mission is important, as social and environmental challenges, from the cost of living crisls to climate
change, are mounting. The UK has a record number of people in relative poverty and are seeing growing
consequences from a warming planet.
At the same time, the power of the government and charities to tackle these challenges are limited.. the
government by debt, and charities by scale. While they both do great work, we need businesses to play
their full part to see sustained social and environmental impact.
Businesses are uniquely placed to innovate and scale profitable solutions to problems, and are increasingly
dominating the global stage, with 69 of the richest 100 entitie5 on the planet now beinE corporations, not
governments.
Operating as a force for good is also hugely beneficial to businesses, as it is increasingly proven to make
them more resilient and successfLJI. This is typically because it leads more people wanting to invest in, buy
from and work for them.

REGENERATE TRUST
TRUSTEES, ANNUAL REPORT IINCORPORATING THE DIRE￿oR5. REPORTI
FOR THE YEAR ENDED 31 DECEMBER 2023
As a result, business leaders are now as likely to think their company's purpose 15 to profitably tackle the
problems of people and planet as to maximise return5 to shareholders, according to a ReGenerate and
British Academy Poll120201.
Our mission, therefore, is vital to the health of businesses, the UK economy and society at large.
Organisation, Structure and Governance
ReGenerate Trust Is a charitable company limited by guarantee. It is governed by its Memorandum and
Articles of Association. The trustees and directors are listed on page l.
The trustees are appointed through recommendation based on knowledge of and commitment to the aims
of the charity.
Decisions are taken in the following way:
The Board approves strategy/policy and budget considerations and delegates operational
authority to staff.
The Executive Team led by the Executive Director decides on day-to-day management of the
charity and it5 activities, its Outreach, its programme development and prepares all papers and
strategy documents for Board approval.
The trustees are aware of the principles and recommended practice for good governance set out in the
Charity Governance Code.
Activities and achievements
We pursued our purpose to advance education and promote study and research including without
limitation in the subjects of sustainable development and responsible and purposeful business and to
publish and disseminate the useful results of such study and research by undertaking the following
research, ecosystem mapping and events..
Research: The purpose-driven business solution to the UK'S labour shortage, July 2023
Research.. The Purpose-Driven Business Solution to the UK'S Labour Shortage. Regional spotlight..
West Midlands, july 2023
Research.. Unlocking youth employment. Opportunities for employers and marginali5ed groups,
july 2023
Research.. How government can partner with business to tackle the UK'S challenges Ireleased
January 2024
Ecosystem mapping.. lust Energy Transitlon Ecosystem Map, June 2023
Event: Reducing friction for businesses seeking to employ people from marginalised
backgrounds, October 2023

REGENERATE TRUST
TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTORS, REPORTI
FOR THE YEAR ENDED 31 DECEMBER 2023
Event.. How Businesses can tackle povertyi November 2023
Events.. Established the Future Business Ambassadors network from April 2023
We pursued our purpose to promote ethical standards and conduct in business through the provision of
education and advice to purpose-driven businesses and encouraging the adoption and application of high
standards of business ethics and governance by undertaking and making publicly available..
Programme: Co-founded the West Midlands Employment Alliance
Newsletter.. the regularly produced Purpose Digest
Looking forward
In 2024, in delivering on its ambitions and in mitigation of the risks listed above, Regenerate Trust has
undertaken the following major activities.
Expanded our Future Business Ambassadors Network
Advanced work to educate decision makers on how to help purp05e-driven businesses flourish in
the UK
Expanded the West Midlands Employment Alliance
Set up a programme to research how businesses can help children in their early years
Financial Review
Total income increased by £67,148119.IY.I to £418,542. Total expenditure rose by £22,396 16.4Yol to
£374,745. The charity recorded a surplus for the year of £43,79712023'. deficit of £9551. Reserves at 31
December 2023 are £177,594, of which £37,690 are restricted.
Reserves Pollcy
The trustees have agreed that the re5erve5 policy is to have adequate unrestricted reserves to sustain the
early development of the charity and have a target of holding at least three months of predicted regular
expenditure, primarily the salaries of the Executive Team, supporting contracted research c05t5 and
accounting and compliance costs.
At the year end the charity had total unrestricted funds of £139,904. Holding reserves at this level and at
this time is deemed to be prudent and recognises that there will be additional costs over and above regular
running Costs as the charity seeks to establish its purpose. This necessarily includes spending executive
time on attracting new sources of funding, the timing of which is unpredictable, and time on evolving our
research capacity and capabilitie5 to have sufficient capacity ahead of delivering the quality of applied
research we are endeavouring to provide within the timescales demanded by our funders.

REGENERATE TRUST
TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTORS, REPORTI
FOR THE YEAR ENDED 31 DECEMBER 2023
Risk management
The trLJStees are responsible for identifying the major risks to which the Charity is exposed ènd ensuring
that steps are taken to manage those risks. The major risks identified by the trustees and Executive Team
include the following,. publishing something that is not inline with the charittys objects, absence of key
personnel in a small team, publishing incorrect information and failing to raise sufficient funds to cover the
charity's operating costs.
Trustees, responsibilities in relation to the financial Statements
The Trustees (who are also director5 for the purposes of company lawl are responsible for the preparation
of the Annual Report and the financial statements in accordance with UK Generally Accepted Accounting
Practice IUK Accounting Standards and applicable lawl. The financial statements are required to give a true
and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that
period. In preparing those financial statements, the Trustees are required to..
select suitable accounting policie5 and apply them consistently
make judgements and estimates that are reasonable and prudent
observe the methods and principles in the Charities SORP
prepare the financial statements on the going concern basis unles5 It is inappropriate to presume
that the Charity will continue operations.
The Trustees are responsible for keeping proper accounting record5 which disclose with reasonable
accuracy at any time the financial position of the charitable company and to enable them to ensure that
the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of
the charitable company and hence for taking reasonable steps for the prevention and detection of fraud
and other irregularities.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information
included on the charitable company's website. Legislation in the UK governing the preparation and
dissemination of financial statements may differ from legislation in other jurisdictions.
This report has been prepared in accordance with Accounting und Reporting by Chorities.. Statement of
Recommended Practice applict7ble to charities preporing their uccounts in uccordunce with the Finunciol
Reporting St(Jndurd opplicable in the UK and Republic of Ireland (Charities SORP IFRS 10211 published on 16
July 2014 and in accordance with the special provision5 of the Companies Act 2006 relating to small
companies (section 4191211.
This report was approved by the board on 31 May 2024 and signed on its behalf bv=
Mr M F A Isaacs- Chairman

REGENERATE TRUST
Company reg no. 12346123. ReElStered Charity no. 1191234.
INDEPENDENT EXAMINER'S REPORTTO THE MEMBERS ON THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
I report to the charity trustees on the account5 of the charitable company for the year ended 31 December
2023, which are set out on pages 7 to 13.
Responsibilities and ba515 of report
As the charity's trustees of the company land also its director5 for the purposes of company lawl you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act
20061'the 2006 ACYI.
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of
the 2006 Act and are eligible for independent examination, I report in respect of my examination of your
charitys accounts as carried out under section 145 of the Charitie5 Act 2011 (the '2011 Act'l. In carrying
out my examination I have followed the Directions given by the Charity Commission under section
14515llbl of the 2011 Act.
Independent examiner'5 report
I have completed my examination. I confirm that no matters have come to my attention in connection with
the examination giving me cause to believe-.
accounting records were not kept in respect of the company as required by section 386 of the
2006 Act,. or
2. the accounts do not accord with those accounting records; or
3. the 3ccount5 do not comply with the accounting requirements of section 396 of the 2006 Art
other than any requirement that the accounts give a 'true and fair, view which is not a matter
considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the
Statement of Recommended practice for accounting and reporting by charities lapplicable to
charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 10211.
I have no concerns and have come acros5 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.
Mr Daniel M Valentine ACA
Begbies Chartered Accountants
Unit 14, Park Barn
Evegate Business Park, Smeeth
Ashford
Kent TN25 6SX
6 June 2024

REGENERATE TRUST
STATEMENT OF FINANCIALACTIVITIES
(INCLUDING AN INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 DECEMBER 2023
Restricted Unrestricted
Funds
Fund
Restricted Unrestricted
Funds
Fund
2023
2022
Note
Income from.,
Donations and legacies
Grants and donations
GiftAid
Donated service5
243,366
160.551 403,917
132,000
186,043 318,043
9,250
9,250
3,000
3,000
14,625
14,625
Income from charitable artivities
Pioneers Programme
21,101
21,101
Total income
243.366
175,176 418,542
132,000
219,394 351,394
Expenditure on..
Charitable activities
214,454
160,291 374.745
123,222
229,127 352,349
Total expenditure
214,454
160.291 374,745
123,222
229,127 352,349
Net lexpenditure} l income
28,912
14,885
43,797
8,778
19,7331
19551
Transfers between funds
Net movement in funds
28,912
14,885
43,797
8,778
19,7331
19551
Reconciliation of funds,.
Total funds brought forward
Total funds carried forward
8,778
125,019 133,797
134,752 134,752
37,690
139,904 177.594
8,778
125,019 133,797
The notes on pages 9 to 13 form part of these financial statements.
The Statement of Financial Activities includes all gains and losses in the period. All income and expenditure
derive from continuing activities.

REGENERATE TRUST
Company reg no. 12346123. Registered Charity no. 1191234.
BALANCE SHEET AS AT 31 DECEMBER 2023
2023
2022
Notes
FIXED ASSETS:
Tangible assets
581
336
CURRENT ASSETS..
Debtors
Cash at bank
39,431
216,873
17,821
139,612
Total current assets
256,304
157,433
LIABILITIES:
Creditors: amounts falling due within one year:
179,291}
123,9721
Net current assets
177,013
133,461
NET ASSETS
177,594
133,797
THE FUNDS OF THE CHARITY:
Restricted funds
li
37,690
8,778
Unrestricted fund
li
139,904
125,019
TOTAL CHARITY FUNDS
li
177,594
133,797
The accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006
relating to small entities.
For the year in question the charitable company was entitled to exemption from an audit under section 477 of the
Companies Act 2006.
The members have not required the charitable company to obtain an audit of its accounts for the year in question
accordance with Section 476 of the Act.
The tru5tees/directors acknowledge their responsibilities for complying with the requirements of the Companies Act
2006 with respect to accounting records and the preparation of accounts.
The financial statements were approved by the Trustees on 31 May 2024 and signed on their behalf.
M Isaacs- Chairman
The notes on pages 9 to 13 form part of these financial statements.

REGENERATE TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
1. ACCOUNTING POLICIES
The principal accounting policies are summarised below. The accounting policies have been applied
consistently throughout the year and in the preceding period.
lal Basis of accounting and assessment of going concern
The financial statements of the charity have been prepared in accordance with Accounting (Jnd Reporting
by Churitie5.' Statement of Recommended Prjctice opplicuble to chorities preparing their occounts in
accordunce with the Financiul fieporting Stt7ndL7rd applicoble in the UK und Republic of Irelt7nd (Charities
SORP IFRS 10211 published on 16 July 2014, the Financial Reporting Stondt7rd applicoble in the UK and
Republic of Ireland IFRS 1021 and the Companie5 Act 2006.
The charity constitutes a public benefit entity as defined by FRS 102.
The trustees consider that there are no material uncertainties about the charity's ability to continue as a
going concern.
Ibl Fund accounting
Unrestricted fund5 are availabSe for use at the discretion of the trustees in furtherance of the general
objectives of the charity.
Restricted funds are subjected to restriction5 on their expenditure imposed by the donor or through the
term5 of grants. Further details can be found in note 13.
(cl Income recognition
ASI income is included in the statement of financial activities when the charity is entitled to the income, it
is probable that the income will be received and the amount can be quantified with reasonable accuracv.
Grants are recognised when the charity has an entitlement to the funds and conditions linked to the grant
has been met.Where performance conditions are attached to the grant and are yet to be met or where it
relates to a time period after the accounting reference date, the income is recognised as a liability and
included on the balance sheet as deferred income.
Idl 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 settlement will be required and the amount of the
obligation can be measured reliably. Expenditure includes any VAT which cannot be fully recovered, and
15 reported as part of the expenditure to which it relates.
Expenditure on charitable activities comprises those costs incurred by the charity in the delivery of its
activities. It includes both costs that can be allocated directly to such activities and those costs of an
indirect nature necessary to support them.
Governance cost5 include those costs associated with meeting the constitutional and statutorv
requirements of the charity and include the independent examiner's fees and c05t5 linked to the strategic
management of the charitv.

REGENERATE TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
I. ACCOUNTING POLICIES CONTINUED
lel Tangible fixed assets and depreciation.
Individual fixed assets Costing more than £500 are initially recorded at cost, less any subsequent accumulated
depreciation and impairment105ses.
Depreciation has been computed to write off the cost to residual value over their useful lives at the following
rates'.-
Fixtures, fittings and equipment- 25% straight Sine method
If) Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.
Basic financial instruments are initially recognised at transaction value and subsequently measured at their
settlement value.
GRANTS RECEIVABLE
No government grants were received in 2023 and 2022.
From September 2022, the charity has received office space at no charge. The value of this service is estimated at
£14,625 12022.. £3,000) and is recognised within incoming resources as a donation, and an equivalent charge
ncluded within rent.
EXPENDITURE ON CHARITABLE ACTIVITIES
Restricted Unrestricted
2023 Restricted Unrestricted
2022
EmpSoyee costs (Note 41
Pension provider costs
staff training
PAlsecretarial support
Freelance support
Rent
Other staff costs
Travel
Research & subcontracted services
Pioneers Programme costs
Conferences and events
PR, marketing and website costs
IT services & software costs
Insurance
Bank charges
Sundry expenses
Depreciation
203,566
102,028 305,594
641
641
2,784
2,784
5.670
5,670
8,023
8,473
14,625
14,625
3,694
3.694
1,574
1,574
9.725
111,023
179,563 290,586
621
621
1,265
1,265
5,548
5,548
4,007
4,007
8,250
8,250
2,021
2,021
976
976
4,000
16,199
2,781
2,781
778
778
2,155
2,155
1,981
1,981
1,153
1,153
113
113
1,994
1,994
252
252
450
9,725
12,199
713
713
7,818
1,183
1,254
502
3,472
285
7,818
1,183
1,254
502
3,472
285
214,454
153,553 368,007
123,222
217,458 340,680
Governance costs
Accountancy & independent
examination
Legal fees
5,850
888
5.850
888
11,669
11,669
214,454
160,291 374,745
123,222
229,127 352,349
io

REGENERATE TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
EMPLOYEES
2023
2022
Gross salaries
Social security costs Iless Employment Allowance)
Pension costs
273,327
27.803
4,464
258,796
27,922
3,868
305,594
290,586
The charity had 4 employees during the year to 31 December 202312022.. 4 employeesl
The table below shows the number of higher-paid staff with emoluments falling in the following ranges.
Emoluments include salary and taxable benefits in kind and other payments to employees, but exclude
employer pension costs.
2023
No.
2022
No.
£60,000-£70,000
£70,000-£80,000
EIOO,000-EIIO,000
2023
2022
Total emoluments received by the charity's key management personnel
236,146
231,225
TAXATION
As a charity, Regeneration Trust is exempt from tax on income and gains falling within section 505 Df the Taxes
Act 1988 or $256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its
charitable objects. No tax charges have arisen in the Charity12020'. nill.
TRUSTEES REMUNERATION AND EXPENSES
None of the trustees received remuneration or were reimbursed expenses during the year12022= no trustee
and £nil of expenses).
li

REGENERATE TRUST
NOTESTO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
TANGIBLE FIXED ASSETS
Furniture &
equipment
COST
At 113nuary 2023
Additions
1,008
530
At 31 December 2023
1,538
DEPRECIATION
At ljanuary 2023
Charge for the year
At 31 December 2023
672
285
957
NET BOOK VALUE
At 31 December 2023
581
At 31 December 2022
336
DEBTORS
2023
2022
Trade debtors
other debtors
30.000
9,431
7,101
10,720
39,431
17,821
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Other creditors
PAYE & NIC
Accruals and deferred income
1,746
9,312
68,233
10,052
9,154
4,766
79,291
23,972
10. ANALYSIS OF NET ASSETS BETWEEN FUNDS
2023
2022
Unrestricted Restricted
Fund
Funds
Unrestricted Restricted
Fund
Funds Total Funds
Total Funds
Fixed assets
Net CLJrrent assets
581
139,323
581
336
336
133,461
37,690
177,013
124,683
8,778
139,904
37,690
177,594
125,019
8,778
133,797
12

REGENERATE TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
11. MOVEMENT IN FUNDS
Ati
At31
December
2023
January
2023
Income
Expenditure
Restricted funds:
Good Jobs Project
Government programme
8,778
125,000
118,366
1133,778}
180,6761
1214.4541
1160,2911
1374.7451
37,690
8,778
125.019
133,797
243,366
175,176
418,542
37,690
Unrestricted general reserve
139.904
177,594
Atl
January
2022
At31
December
2022
Income
Expenditure
Restricted funds..
Solve fors
Good Jobs Project
lust Energy Transition
15,000
92,000
25,000
115,0001
183,2221
125,0001
1123,2221
1229,1271
8,778
132,000
8,778
Unrestricted general reserve
134,752
219,394
125,019
134,752
351,394
1352,3491
133,797
Government programme - Educating the government and other key decision maker5 on high-impact and
compelling reform ideas promoting purpose-driven business.
Good Jobs Project - a project seeking to help find systemic ways of filling the UK'S 1.1 million labour
vacancies Wlth people from marginalised backgrounds.
Solve for S
a research project exploring how businesses can approach the S in ESG and how
partnerships with civil Society can help.
Just Energy Transition The Just Energy Transition Ec05y5tem Map brings together, in one place, all the
major organi5ations working towards ensuring a just transition to clean energy in the UK.
12. LIMITED BY GUARANTEE AND REGISTERED OFFICE
The charity is a company limited by guarantee registered in England and Wales. The registered office is
Fivefields, 8-10 Grosvenor Gardens, London SWIW ODH.
Every member undertakes, if the charity is dissolved while he, she or it remains a member or within 12
months afterwards, to pay up to £1 toward5 the costs of dissolution and the liabilities incurred by the
charity while the contributor was a member.
13