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
RepU￿1C of I￿land IFRS 102} {effeclNe 1 January 20191.
OBJECTIVES AND ACTIv￿lEs
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 charita￿e 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 pro1￿15 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), plann￿1 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 cha￿rty being responsible for the
fa￿lItatiOn 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 F￿de 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 KnO￿edge 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
suc￿Ssful 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 th￿e 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 identif￿d 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
PrePa￿d 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 ag￿ernent 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 I￿0 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-cOm￿lance 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 entr￿S 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 p￿pared 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 majO￿ty 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
ReSoU￿S
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 eX￿nded
154.554
52,387
Net incom¢
942
40,267
This page does not fom) part of the slalLrtory financial slalemenls
Page 18