REGISTERED COMPANY NUMBER.. 13384036 (England and Walès) REGISTERED CHARITY NUMBER.. 1194676 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST PIAY 2024 FOR BOING8OING FOUNDATION b•lfi9bo1fi9 foundation Parkers Chartered Accounlanls and Registered Auditors Comelius House 178-180 Church Road Hovg East Sussex BN3 2DJ
BOING801NG FOUNDATION CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2024 Page Report of the Trusteès Roport of the Independent Auditors Statoment of Financlal Actlvlllos 10 Balan¢• Sheet Notgs to thè Financial Statemants 12 10 16
BOINGBOING FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MAY 2024 The trustees who ar8 also directors of the charity for the purposes of the Companies Act 2006, pr8senl their report with the financial slalemenls of the charity for the year ended 31st May 2024. The Iruslees have adopted the provisions of Accounting and Reporting by Charits'gs.. Stslemenl of Recommended Prackn'ce applicable lo charities preparing their accoun& in accordance with the Financial Reporting Stsndard applicable in the UK and RepU1C of Iland IFRS 102} {effeclNe 1 January 20191. OBJECTIVES AND ACTIvlEs Objectives and alm$ The Boingboing Foundation {Ihg Foundalionl ha5 been estsblished lo advance knowledge in, and practical application of, ideas associated with the concept of resilience. 11 aims lo add to the swpe and impact of work focused on social justice rooted resilien¢e research and practice. defined as 'bealing the odds whilsl also changing the odds,. Our charity's purpose as set out in the objects contsined in our Articles of Association are.. To advance education. particularly bul not exclusively relating to the subject of resilience To provide relief lo those in need by reason of youth, disability lincluding sp8cial educational needs) or other disadv8nlage To promote equality and diversty and such other purposes as are exclusively charitae undgr the laws of England and Wales as the trustees see fil from lime to time. Significant actlvitla$ The objects are achieved by undertaking activities including.. lal establishing. organising and pyomoling training and other programmes and providing advice and support relating to resilience lo help people to develop their skills, capacities and capabilities,. and Ib} undertaking research inclLiding to promote a better appreciatK)n and understanding of SI11&nce and publishing the useful results of the same- and {cl providing support, grant fiJnding and other resources lo develop resilience and improve wellbeing. The Foundati'S resilien research and practice priorilises ideas and applications that go beyond essential support for individuals, and identifies ways in which the environment people live in can beller support them. and I or reduce their difficLJllies in the first place. Trustees priorities work with, by and for beneficiaries that face multiple systemic dlsadvanlages. Disadvantsges may be due lo disability, race, gender. religion, sexuality andlor living in poverty. The charity recognises the increased risk of developing mental health problems caused by such systemic disadvantage and the benefit to both the individuals and lo the wider public that can be created through early intervention and support. Page 1
BOINGBOING FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MAY 2024 OBJECTIVES AND ACTIVITIES Public banefit The benefits of advancing education relating lo the subi8cI of resilience include individuals havlng the opportunity to learn how lo build their own resilience, so they are better equipped to navigate challenges that arise in their lives. For example, by participating in training lo become ¢o-rgsearchers. young people living in poverty learn new skills, increase opportunities lo build $l41ence, and have a forum to have their say and be heard about issues that are important to them and their eommunities. This individual benefit cascades to a collective benefit. as more community members acquire the skills, knowledge and understanding to support cornmunily resilience building. increasing parbcipalion and engagement in community activities and reducing the need for specialist support and intervention such as mental health service5. Advancing understanding and creating new knowledge through ¢prOdUcing research benefits individuals, communities and the workforce through increasing the evidence base of what works in building re5ilience', increasing the autonomy and capabilities of individua15 to build resilience for themselves and others. and in creatlng support which is rn0 effectwe, and better able lo meet people's needs. Providing relief from need by creating opportunities ft)r people and communities to make resilient moves has fundamental value to both indwiduals and lo the health and well-being of the society around them. For example, through creating safe and regular spaces where young people Can come together, offer peer support, learn aboLtI resilience with one another, and create a loolkil for others lo bring their learning together for the benefit of others. These aelivilies mean that individual beneficiaries increase their support network, grow in Confidence and improve their knowledge about what resilience building mechanisms they Gan try for themselves and feel valued for their contribution lo their wider commLJnity. Addilion811y, by supporting individuals to lake part in group innovation activities about an issue that is important lo them. such as climate change, they have opportunities lo make new relationships, gel together with people they can rgly on, develop life skills and solve problems. This will build their own resilience, health and wellbeing alongside any environmental benefit generated by their activities, which benefits sociely more widely. Promoting equality and diversity benafils individuals often left out and excluded from support and research. Individuals themselves benefit from new experiences and opportLJnilies lo be heard. By modelling ways lo undertake inclusive research and practice and disseminating these resuts through peer-reviewed research bul also through a¢SSIble blogs available to the wider public. wider society benefits from increased understanding and ideas aboul how to redu discrimination. Communits'es benefit from the involvement and insight of a greater divgrsily of people in OPPDrtunilies such as employment or training. In summary, our benefKiaries are.. Young people, parents, carers and people facing multiple systemic disadvantage.. through opportunities lo co-produce resilience resources, initiate and collaborate on social activism pro115 and challenge existing service responses to drive and inform service improvements. Practitioners.. through continuous and progressive opportunities lo develop their understanding and practice of how confronting systemic challenges can be an essential component of individual resilience, working in a Co-productive way to enable their praclKe and systems to be challenged and changed. Communities.. through the wider benefits of achieving greater resilience throughout communities which face systemic disadvantages. Page 2
BOINGBOING FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MAY 2024 ACHIEVEMENT AND PERFORMANCE Charitablo actlvltlès Health Determinants Research Collaboration The Charity is a community partner with Blackpool Council in the 5-year National Institute for Health Research {NIHRI funded 'Health Detem)in8nts Researth Collaboration, {HDRCI project in Blackpool. The aim of this groundbreaking project is to red(Ke health inequalities through the Local Authority being more eviden¢e-informed when making decisions about service provision regarding four priority detemiinants of health inequalities.. 11. housing-, 21. education, employment and skills,. 3). maternity and the first two year5 of life., 41. mental health. The Charivs role the project is lo recruit and support Youth Co-researchers with lived experien relevant to the project's priority d8lenMinants so that they can be deployed onlo specific co-research projects within the council., and lo work c105ely with the Local Authority HDRC leaffl lo develop the processes necessary for this novel way of working. During this period the Charity suprx)rted 8 ¢0-rese8r¢hers lo work on range of projects with Blackpool Council investigatin9 issues relating lo housing, including access lo energy efficiency grants, supported housing PTovision, and the impact of effi¢tency technology in soaal housing. Research Ready Communities The Charity supported the conlinualion and progression of the NIHR Research Re8ty Communities pilot which had launched in Autumn 2021. Blackpool has been one of the priority areas identified for increasing publie engagement in health research. A group of Youth Co-researchers had formed during phase 1 and were keen to continue on the path to be¢oming 'research ready. with the support of the Charity. in partnership with Heallhwatch Blackpool and Citizens Advice 81ackpool. The goal was lo co-produce a research project from the ground up, with community members centered as true co-researchers from the very first stage. Having conducted a rapid lrteralure review and recruited an academic researcher for the project. during this period the team identified their top priority research question to investigate lexploring the effect of parental mental health literacy on the mental health of their children), plann1 a scoping study, and successfully applied for funding from Lancaster Univgrsity to conduct it. The co-researchers received training from the researcber, ready lo begin interviews later in 2024. Community Solutions for Health Equity Team members of the Charity were selected as Co-lnvestigalors {Co-11 on an Arts and Humanities Research Council IAHRC)-funded health inequalities proje¢l, which is a collaboration with the University of Brighton, University of Liverpi)ol and Lancaster University. This project saw the charty being responsible for the falItatiOn of ¢&produclion groups from June 2023 to November 2023, and also for co-facilllating capacity building workshops that ran alongside the co-production groups. Oulpuls from the project indude a co-produ¢ed annolaled photo collage that envisages how a rnajor 81ackpool communty hub could enhance the integration of community-based support and Servi provision into its offer,. and a five year research agenda lo inform the activities of the Fylde Coast Research Collaborative. This agenda was subsequenuy used to inform an application by members of the Fde Coast Research Collaborative lo the following phase of this AHRC funding programme (see Coastal Community and Creative Health below). Coastal Community and Creative Health An AHRC-funded collaboration wlh the University of Liverpool, University of Bristol. University of Brighton. University of Kent, Lancaster University. University of Sussex, and many community organisalions and practitioners in the North West, South West and South East. The Charity is leading the lived experiencg work pa¢kage which aims lo use creative rnelhods to understand how these community organisalions hdp our wellbeing, what barriers we rnighl face accessing them, and where the gaps in setwices are. With this evidence, community organisalions can becorne more effective and help more pèople. The projeGt started in April 2024 and was in the early planning stage during this perS0d. Page 3
BOINGBOING FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MAY 2024 Activist Alliance The Charilvs 'Acllvist Alliance. project compliments the co-research projects by providing a more pra¢li¢al focus for galvanizing ¢ommunities towards creating systemic change. The Activist Alliance's activities are planned co-productively with, and led by, our Peer Engagement Workers and Co-production Workers. During this period we had two workstreams active.. Skills and KnoiMedge Exchange and Activist in Residence. The Skills and KnOedge Exchange eng¥Jed 20+ young peop. 11 consisted of an introductory 'Activism 101. workshop with reluming guest facililalor from Ella Baker SchocA of Organising. This was followed by a programme of more focused co-productive sessions fa¢ililaled by BBF Peer Engagement Worker and Ct>produclion Worker in partnership with The Boathouse Youth. Funded by the National Lottery Cornmunity Fund, this gave the young people their fiTSt laste of activism, co-producing their own campaign 'Give Us A Break, against the prohibition of toilet breaks during class. The fifth and sixth Activist in Resid@nc@ placements were planned and advertised during this perfod, with residencies due lo start in June 2024. The residencies were a partnership with Blackpool Sixth Form College, Blackwol Council, and the Lancashire Climate A¢lion Network. The brief was for aclivisls lo embed within the organising committee of the Lan¢ashire Youth Climate Conference 2024, working wilh the Lanca5hire Climate Action Network lo ensure the confeTence had an impact beyond the event itself. To deliver and progress the actlvilies above. the Charity employed a Prolect Coordinator and six Coresearchers during this period. FINANCIAL REVIEW Flnan¢ial position The Charity continues lo receive income from contracts secured in previous Ihe financial year and was sucSsful in a number of funding applications during the 2023-2024 fin8ncial year. Total funds increased by £942 (after costs) during the year and this enables the Charsty lo continue its Work in future years. Investmgnt policy and obj¢¢tiv•$ The ¢harily's fvnds were held in current and savings bank a¢¢ounls during the 2023-2Q24 financial year. Reserves policy The Trustees of Boingboing Foundation have established a reseNes policy which appropriately refiects the risks lo which the Charity is exposed. In reviewing the potential costs that could arise should a swnificant reduction in income be incurred, the Trustees have determined that il is appropriate for unreslricled, 'free', reserves lo be rnaintained at a minimum of 3 months. At 31st May 2024, the Charity has accumulated unrestricted reserves of £184.280.. this provides cover for more than 3 months of current operating costs. The Trustees have agreed this position given the dèvelopment plans for the Charity in the following financial year, which will increase the expenditure and operating costs of the Charity. The Trustees actively manage Boingboing Foundations finances so that an adequate level ol reserves is maintained in compliance with the reserve5 policy. The Charity will review regularly l)olh the sum il wishes to hold in reseNes in unrestricted funds and the basis f that figure. FUTURE PLANS We will expand and develop our Co-research team. We will strengthen our staff structure with trio part lime Ccorodu¢lion Worker roles. We will look al diversrfying our income streams. Research partnerships. health and local authotity commissioning, and trusts and grants continue to be core components of this strategy. Page 4
BOINGBOING FOUNDATtON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MAY 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document. a deed of Irusl, and constitutes a limited company, limited by guarantee. as defined by the Companies Ael 2006. R•cruitment and appointmont of ngw Iru$tees Under the requirements of the Articles of Associatson there shall be al lea51 three Trustees and no more than eight Trustees, of whom at least shall be Independent Trustees. During this period, one Trustee resioned and one Trustee was appointed, retaining a lolal of four. Three Trustees are Independent Trustees. Each Trustee, unless olhewse disqualified or removed, shall retire from office at the first Trustee meeting lo be he on or after the third anniversary of the commencement of his or her term of office. Retiring Trustees may be reappointed bul a Trustee who has served for the consecutive terms of office must lake a break trom office and may not be reappointed until the anniversary of the commencement of his or her break from office. Any person wbo is willing lo act as a Truste8, and who would not be disqualified from acling under the provisions of Article 26, may be appointed to be a Trustee by the Member giving notice in Writing to the Charity. All Trustees gave their lime voluntsrily and received no benefits from the charity. Inductlon and trainlng of new trustoes When appointed, Trustees are involved in an induction process and have the opportunity lo attend training and information courses as necessary. Rolatod partl•s Boingboing Resilience CIC is the sole member of Boingboing Foundation and has established the Charity. Whilst the Foundation is independent of Boingboing Resilience CIC, il will unite with it and their collaborators, lo advance the concept of resilience. Where appropriate, a Memorandum of Understanding andlor partnership agTeemenls will be eslablished with any relevant parties. REFERENCE AND ADMINISTRATIVE DETAILS Règistèrèd Company number 13384036 {England and Wales) R•glstered Charlty number 1194676 Registered offico Cornelius Houso 178-180 Church Road Hove East Sussex BN3 2DJ Trustees Ms C Taylor-Beswick Chair Dr F Farache Aureliano da Silva Director Dr B Kara Senior Reseaf¢h Fellow Mr B Bunting - appointed 17th December 2024 Mr A Speighl- appointed 171h De¢ember 2024 Ms P Walker- appointed 17 th December 2024 Page S
BOINGBOING FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MAY 2024 REFERENCE AND ADMINISTRATIVE DETAILS Audltors Parkers Chartered Accounlanls and Registered Auditors Cornelius House 178-180 Church Road Hove East Sussex BN3 2DJ STATEMENT OF TRUSTEES. RESPONSIBILITIES The tnjstees (who are also the directors of Boingboing Foundation for the purposes of company lawl are responsible for preparing the Report of the Trustees and the financial slalements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepte(S Accounting Practi¢el. Company law requires the Irustses lo prepare financial slalemgnts for each financial year which give a true and fair view of the state of affairs the charitable Company and ol the incoming resources and application of resources, including the income and expenditure. ol the charitable company for that period. In preparing those financial statements, the trustees are required lo Select suitsble accounlSng pollcies and then apply them consSslenlty', obseNe the methods and principles in the Charity SORP., make judgements and eslimales that are reasonable and prudent.. prepare the financial slalemenls on the going concern basis unless f( is inappropriate lo presume that the haritable company will continue in business. The trustees are sponsible for keeping proper accounting records which disclose with reasonable accuracy at any lime the finanaal position of the charitable company and to enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitsble company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware: there Is no relevant audit information of which the charilabSe company's auditors are unaware., and the trustees have taken all steps that they ought lo have taken lo make themselves aw8re of any relevant audit information and to establish that the auditors are aware of that infomalion. AUDITORS The auditors, Parkers, will be proposed for re-appoinlrnenl at the forthcoming Annual General Meeting. Approved by order of the board of Iruslees on M qRcH 2.Q.Z s- . and sigrted on its b8half by: Dr F Farache Aureliano da Silva- Trustee Page 6
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF BOINGBOING FOUNDATION Opinion We havg audited the financial statements of Boingboing Foundation Ithe 'charilable company'l for the yeor ended 31st May 2024 which ¢omprise the Slalemenl ol Financial Activitie5, the Balance Sheet and notes to the rinancial slalements. induding a summary of si9nificant accounting pdicies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial slalemenls.. give a true and fair view of the slate of the tharilable cornpanls affairs as at 31st May 2024 and of ils incoming resources and application of resources. including ils income and expendffure. for the year then ended., have been properly prepared in 8c¢ordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of tho Compan$ Act 2006. Bas1$ for oplnlon We conducted our audit in accordance with Intemalional Standards on Auditing IUKI {ISAs {UKI} and applicable law. Our responsibilities under those standards are further described in the Auditors. responsibilities for the audit of the financial slalemenls seclion of our report. We are independent of the charitable cofflpany in accordance with the ethical requirements that are relèvant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for OLtr opinion. Concluslons relating to going concem In auditing the financial statements, we have concluded that the trustees. use of the going concem basis of accounting in the preparation of the financial slalemenls is appropriate. Based on the work we have performed, we have not identifd any material uncertainties relating lo events or conditions that, individually or collectively, may cast significant doubl on the charitable company's ability lo continue as a going concern for a period of al least twelve months from when the financial slalemenls are aulhorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the relevant sections of this report. Other infoThation The trustees are responsible for the other infom)ation. The other infofmatron comprises the information inchjded in the Annual Report, other than the financial stslements and our Report of the Independent Auditors Ihereon. Our opinion on the financial statements does not cover the other information and. except to the exlenl otherwise expli¢iUy slated in our report, we do not express any form of assurance conclusion Ihereon. In connection with our audit of the financial 51alements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial slalemenls or our knowledge obtained in the audit or otherwise appear5 to be materially misslaled. If we idenltfy such material inconsistencies or apparent material misslatemenls. we a required to determine whether this gives ris8 lo a materia5 misslalemenl in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing lo report in this regard. Opinion$ On oth•r matt•rs pr05crib•d by the Companle$ Act 2006 In our opinion. based on the work kJnd8rtaken in the course of the audit.. the information given in the Report of the Trustees for the financial year for which the financial slalements are PrePad is consistent wlh the financial slalemenls., and the Report of the Trustees has been prepared in accordance with applicable legal requirements. Page 7
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF BOINGBOING FOUNDATION Matters on which we are required to r•port by ex¢eption In the light of Ihe thowledge and understanding of the charitable cornpany and its envtronment obtained in the coulse of the audit. w8 have not identified material misstslements in the Report of the Trustees. We have nothing to report in respect of the lolltswing matters vthere the Companies Act 2006 requires u5 to report to you if, in our opinion.. adequate accounting records have not been kèpt or rgtums adequate for our audit have not been received from branches not visited by us., the financial statements are not in agernent with the accounting records and returns., or certain disdosures of trustees, rèrnuneralion 5pecilied by law are not made", or we have not received all the infomiation and explanaty'ons we require for our audit- or the trustees were not entitled to takè advantage of the small companies exemption from the requirement to prepare Strategic Report or in preparing the Report of tha Tnlslees. R•sponsibllltles of trust•o5 As explained more fully in the Statement of TfUStèes' Rtssponsibililies, the trustees I0 a also the directors of the eh8ritable company lor the piJrpose5 of company lawl a rasponsible for the preparalion of the financial siatèments and for being satisfied that they give a true and fair view, and for such internal control as the trustee5 determine is necessary to enable the preparation of financial statements that ar& free from material misstatement. whether due to fraud or error. In preparing the financial slalements, the trustees a responsible for assessing the charitable company's ability to continue 39 a going concern. disclosing, as applicable. maller5 related io going concem and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable cornpany or to cease opèrations, or have no realistic alltrrnative but lo do so. Our résponsibilities for the audlt of thè financial statements Our obje¢ts'ves are to obtain reasonable assurance about whether the fin8nclal slalemen15 as a whole are free frtsm material misstatement. whether due lo fraud or errtsr, and Ig issue a Report of the Independent Auditors that indudes our opinion. Reasonable assurance is a high level of assurar¢ce, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatèment when il exists. Misstatements can arise frorn fraud or error and are considered material il. individually or in the aggregate, they could reasonab be expected to influence the economic decisions of users taken on the basis ol these financial staternenls. Based on our understanding of the charity and industry, we identified that the prlncipal risks of non-cOmlance with laws and regulations related lo the charity commission, and we considered the exlenl to which non-compliance might have a material effect on the financial statemènts. Wè also considered those laws and regulations that have a direct impact on the preparation of the ffinancial statements such as Ihe Companiès A¢t 2006. We evaluated managemenfs incentives and opportunits.es for fraudulent manipulation of the financial statements (including thè risk of override of controls) and determined that the prin¢ipal risks were related to donations and legacies, where there may be incentive for manipulation ol overstated donations and legacies. Audit pr(wlur8s perfomed by the engagement team included.. - Discussions with management, including consideration of known or suspected instances of nonpcompliance wth laws nd f8gulation and fraud., and Identifying and testing jOLJmal entries, in particular any joumal èntriès posted with unusual account combinations induding joumal entries which inffated the Company's results for the period wlh unusual offset entries and joumal entn'es impacting work in progress with unusual offset entrS to detect any unusual c8pStalrJalion of costs. There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions rèflèctd in the financial statements, the less likely we would become awore of it. Also, the risk of not dètècting a maler¢al misstatement due to fraud is higher than the risk of nol detecting one resulting from error. as fraud may involve deliberate ¢oneealrnenl by, for example, forgery or intèntional misrepresenlalions, or through collusion. A rther description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's wèbsite al wv.frc.org.UkIaudlt0rsreSponSlb1lltle$. This description forms part of our Report of the Independent Auditors. Page 8
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF BOING8OING FOUNDATION U•• ol our report This report is made solely lo the charitable companls members, as a body, In accordance with Chapter 3 of Part 16 of the Companies A¢1 2006. Our avdil work has béen undertaken so that we might slate lo the charitable company's members those matters we are required to slate to them in an auditors, report and lor no other purpose. To the fullest extent perrnitted by law. we do not accept or assume responsibility lo anyone other than the charitable company and the charilaNe companys members as a body. for our audit work, for this report, or for the opinions we have formed. Annette ¥Natson PhD Bsc FCA (Senior Statutory Auditorl f¢y and behalf ol Parkers Parkers Chartered Accountants and Re9lStered Audito Cornèlius House 178-180 Church Road Hove East Sussex BN3 2DJ Date".
BOINGBOING FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MAY 2024 2024 Total funds 2023 Total funds as restated Unrestricted fund Reslricled lund5 Notes INCOME AND ENDOWMENTS FROM Donations and legacies 140,602 12.653 153,255 91,982 Investment income 2,241 672 Total 142 843 12.653 155,496 92,654 EXPENDITURE ON Raising funds 121,816 8,333 130,149 43,107 Charftabl• actlvltles Resilien, research and practice 8,240 1,130 9,370 1,942 Other 1 5.035 1S.035 7.338 Total 145,091 9,463 154,554 52,387 NET INCOMEIIEXPENDITUREI (2,2481 3,190 942 40.267 RECONCILIATION OF FUNDS Total funds brought forward 186,528 186,528 146,261 TOTAL FUNDS CARRIED FORWARD 184.280 187 470 186.528 The nolos fomi part of these financial slalemenls Page 10
BOING8OING FOUNDATION BALANCE SHEET 31ST MAY 2024 2024 2023 as restated Notes FIXED ASSETS Tangible assets 3.268 3,385 CURRENT ASSETS Debtors Cash at bank 6.516 218,371 41,411 148,669 224,887 190,080 CREDrroRS Amounts falling due within one year 140.685} 16,937} NET CURRENT ASSETS 183,143 TOTAL ASSETS LESS CURRENT LIABILITIES 187,470 186,528 NET ASSETS 187.470 186,528 FUNDS Unreslricled funds Restricted funds 11 184.280 3.190 186,528 TOTAL FUNDS 187.470 186,528 These financial statements have been ppared in accordance with th8 provisions applicable to charitable companies subje¢l lo the Small companies regime. The financial statements were approved by the Board of Trustees and autFKJrised for issue on l.f¥J& MAp.L.11. ?4Z !- and were signed on ils behalf by: Dr F Farache Aureliano da Silva- Trustee The notes fomi part of these financial statements Page 11
BOINGBOING FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2024 ACCOUNTING POLICIES Ba$ls of preparing the financial statem¢nts The financial sialements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Char((ies SORP IFRS 1021 'A¢¢ounling and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191., Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Companies Act 2006. The f1nanaal statèments have been prepared under the historical ¢osl convention. Income All income is recognised in the Statement of Financial Activities once the charity has enlillemenl to the funds, il is probable that the income will be received and the amount can be measured reliably. Expendlture Liabilitie5 are recognised as 8xpendilure as soon as there is a legal or constructive obligation committing the charity to that expenditure. il is probable that a transfer of econornic benefits wll 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 classrfied under headings that aggregate all cost related to the category, Where Costs cannot be directly attributed lo particular headings they have been allo¢ated to activities on a basi5 consistent wlh the use of resources. Tanglblo fixed assets Depreciation is provided al the following annual rates in order lo write off each asset ovw its eslimaled useful life. Taxatlon The charity Is exempl from corporation lax on its charitable aclivilies. Fund a¢¢ounting Unrestricted funds can be used in CordanCe with the charitable objectives al the discretion of the trustees. Restricted funds can only be used for particular stricted purposes within the objgcls of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes lo the financial slalements. Pension costs and othar post-retlremènt benefits The charitable company operates a defined contribution pension scheme. Contributions payable lo the chariiable company's pension scheme a charged lo the Statement of Financial Activities in the period to which they relate. Page12 continued...
BOINGBOING FOUNDATION NOTES TO THE FINANCIAL STATEMENTS - ¢ontlnued FOR THE YEAR ENDED 31ST MAY 2024 INVESTMENT INCOME 2024 2023 as restated Deposit account interest 2.241 672 NET INCOMEI{EXPENDITURE} Nel incomel{expendilure) is staled after chargingllcredilingl.. 2024 2023 as reslaled Auditrjrs. remuneration Other non-audil services Depreciation - owned assets 2.784 242 2.481 2,100 277 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for Ihe year ended 31st May 2024 nor for the year ended 31st May 2023. Trustaes. 8xpon$es Ouring the period a Trustee expense of £Nil12023.. £99.88) was repaid as it was a necessary cost of operating the charity. STAFF COSTS The avefage monthly nurnber of employees during the year was as follows.. 2024 2023 as reslaled UK staff 10 No emFAoye8s received emoluments in excess of £60,000. PRIOR YEAR ADJUSTMENT The 2023 Financial Slalemenls have been amended lo show the majOty of the fiJnd5 as unrestricted rather than restriction. the restriction in place was an inlernal measure rather than external limilalion. Page 13 continued...
BOING8OING FOUNDATION NOTES TO THE FINANCIAL STATEMENTS . continued FOR THE YEAR ENDED 31ST MAY 2024 TANGIBLE FIXED ASSETS Computer equipment COST Al 1 sl June 2023 Additions 5,077 2,364 At 31st May 2024 DEPRECIATION Al 1 st June 2023 Charge for yoar 1,692 2,481 Al 31st May 2024 4,173 NET BOOK VALUE Al 31st May 2024 3,268 Al 31st May 2023 3.385 DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 as restated Trade debtors Prepayments and accrued income 198 41.213 6.516 6.516 41.411 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 as restated Social security and other taxes Other creditors Accruals and deferred income 2,904 2,512 683 3,742 40.685 6,937 Page 14 continued...
8OING8OING FOUNDATION NOTES TO THE FINANCIAL STATEMENTS - contlnuèd FOR THE YEAR ENDED 31ST MAY 2024 10. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2024 2023 as restated Total funds Unrestricted fund Rèstricted funds Total funds Flxed assets Current assets Current liabilities 3,268 221,537 40,5251 3.268 224.887 3.385 190,080 6,9371 3.350 3,190 187,470 186.528 MOVEMENT IN FUNDS Net movement in funds At 3115124 At 116123 Unrostrlctod funds General fund 186.528 12.248} 184,280 Restricted funds Lottery Workshop 1,667 1.523 1.667 TOTAL FUNDS 186 528 942 187,470 Nel movement in funds, included in the above are as follows.. Incoming resources ReSoUS expended Movement in funds Unrestricted fund$ General fund 142.843 1145.091) (2.2481 Rastrictod funds Lottery Workshop 10,000 18.333) 1,667 12,653 9.463 TOTAL FUNDS 155.496 154,5541 942 Page 15 nlinued...
BOINGBOING FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31ST MAY 2024 11. MOVEMENT IN FUNDS- continuod Comparatives for movement in funds Net movement in funds At 3115123 At 116122 Unrestricted funds General fund 146,261 40,267 186.528 TOTAL FUNDS 146.261 40,267 186,528 Comparative net movement in funds, Included In the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fun 92,654 152,3871 40,267 TOTAL FUNDS 92.654 52,3871 40,267 12. RELATED PARTY DISCLOSLIRES During the year ended 31st May 2024 the Charity received donations lolalling £Nil 12023= £41,000) from BoingBoing Resilience CIC. a community interest Company wrth directors in common. Page 16
BOINGBOING FOUNDATION DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MAY 2024 2024 2023 as reslaled INCOME AND ENDOWMENTS Donatlony and 189acles Gifts Donations Gr8n15 5,077 86,905 151,385 1.870 153,255 91.982 Investment income Deposit aceounl interest 672 Total incoming resourc•s 1 $5,496 92,654 EXPENDITURE Other trading activitios Wages Social security Pensions 121.245 4,123 4,781 41,227 1,880 130,149 43,107 Charitable activities Sundries 9.370 1.942 Support costs Manag•m•nt Sundries 7,308 2,341 Flnance Bank charges 131 148 Information tschnology Computer costs Depreciation of tsngible fixed asse 84S 2.480 271 1,692 3,325 1,963 Other Insurance 1,247 509 Govornance cost$ Auditors. remuneration Carried forward 2,784 2.784 2.100 2,100 This page does not form part of the statutory financial slalemenls Page 17
BOINGBOING FOUNDATION DETAILED STATEMENT OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 31ST MAY 2024 2024 2023 as reslaled Governanca cost$ Broughl forward Auditors. remuneration for non audit work 2.784 242 2,100 277 3,026 2,377 Total resources eXnded 154.554 52,387 Net incom¢ 942 40,267 This page does not fom) part of the slalLrtory financial slalemenls Page 18