REGISTERED COMPANY NUMBER.. 13384036 IEngland and Wales) REGISTERED CHARITY NUMBER: 1194676 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2025 FOR BOINGBOING FOUNDATION Parkers Chartered Awuntanls and Registered Auditors Comelius House 17&180 Church Road Hove East Sussex BN3 2DJ
BOINGBOING FOUNDATION CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2025 Pag8 Report of the Trustees 1 to 7 Report of the Independent Audltors 8 to 10 Statement of Financial Activilios Balance Sheet 12 Notes to the Financial Statements 13 10 17 Detailed Statement of Financial A¢tivitios 18
BOINGBOING FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MAY 2026 The Iruslees who are also directors of the charty for the purposes of the Companies Act 2c, present their report with the finanaal stalem8nls of the chanty for the year ended 31 st May 2025. The trustees have adopted the provision5 of Accounting and Reporting by Charrties.. Statement of ROrnMended Practice applicable to charitps preparing their accounts in accordance w(Ih the Finanual Reporting Stsndard applicable in the UK and Republi¢ of Ireland IFRS 1021 (effective 1 January 20191. OWECTIVES AND ACTMTIES Objectives and alms The Boingboing Foundation (the Foundalionl has been established to advance knowledge in, and practical application of, Kleas associated wrth the concept of resilience. 11 aims lo odd to the scope and impact of work focused on social justice rooted resilien research and practice, defined as 'beating the odds whilst also changing the cKlds'. Our tharit$ purpose as set out in the objects containèj in ourArticle$ OfAsS2tion ar8.. To advance education, particularty but not exclusivety relating to tho subject of reslience To provKle relief lo those in need by reason of youth, disabilty {including special educational need51 or other disadvantage To promote equalty and diversty and such other purposes as are exclusively charrtable under the laws of England and Wales as the trustees see fil from limè to time. Slgnificant activities The objects are achieved ty undertakirvj activities including." lal establtshing, organising and promoting PrC%lv¢ed research, training and devekwmenl prcgr8Tfffne5, and providing advi and support lo build the skills. capaciiies and Capabil.eS of people and ccmmunities experierKing System disadvantsge,. and Ibl undertaking partTrpat0ry and communty-led research to promote a better appreciation and understanding of resilience, s¢xial justice and system change, and publishing the useful resutts of the same.. and Icl providing support. resources and collaborative opportunibes lo strengthen communty-based research, improve wellbeing, and influencE the enVirOnEntS and systems that shaFe people's lives,. and The Foundation's work centred on developing and supporting its role as a Community Co-reseaTch Hub, Trustees prioritised aclivrties undertaken wrth, by and for people facing MUhip and inlersecling forns ol structural inequrty, including disadvantages linked to Health Inequalities. The Foundation's approach recognises the increased risk of wor mental heakh and rut lrfe OPF)Ortunth"es caused by systemic disadvantage, and the publi¢ benefrt created through earty, coMmunity-d research and intervention and syslem-f¢xused resilience work. The Foundation continued lo convene and support Co-research colthlives. deliver training and participatory search programme5, and disseminate arnIng through CeSsible resources and pu1¢ engagement. with the aim of strengthening communty-based research and resilience not only frjr indNKluals bul within the wider systems and environments that affect them Page 1
801NGBOING FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MAY 2025 OWECTIVES AND ACTIVITIES Public benefit The benefits of advancirvJ eduealvjn relating lo the subject of resilience include individua15 hamng the opportunity to how lo build their own resilience, so they are better equipped to navigate chaInge$ th* arise in their live5. For example, by partiupating in training lo become cresearchers, young people living in povety learn new skills, increase opportunrties to build resilience, and have a forum to have their say and be heard aboLrt issues that are important lo them and their communities. This individijal benefit r2scades to collective benefrt, as more community members acquire the skills. knowledge and understanding to support community resilients building, increasing participation and engagement in community activities and reduong the need for speciali51 support and inlervenlDn such as mental health services. Advancing understanding and creating new knowledge through cTrproducing research benefts indiMdu21s. communities and the workforce through increasing the evidence base of what works in building resilience., increasing the autonomy and ¢apabilitie5 of individua15 to build resilience for themselves and otheTS, and in creating supwrt whh is more effects've, and better able to rrEel people's needs. Providing relief from need by creating opportunth.es for people and communit5 lo make resilient moves has fundamental value lo both individuals and to the health and well-beirrfJ of the 5cKiety around them. For example. through Creating safe and regular spaces where young people can come together, offer peer support, leam aboLrt resilience with one anolhei, and create a loolkil lor others lo brin9 their leaming together for the benefit of others. These ath'vilies mean that individual benefiuanes increase their support neOrk, grow in confidence and improve their knowledge about what resilience building tnechanisms they can try for Ihemsefves and feel valued lor their contribuliu) lo their wider ¢ommun((y. Additionally, by supporting Indiwduals to tske part in group innovation aCtivrtS about an issue that is imFK)rtanl lo Ihern, such as Climate change, they have opportunities lo make new relationships, gel together wth people they can rely on, develop life skills and solve problems This will build thèir own resilience, heatth and wellbeing alongside ally enwronmental benefit generated by their a¢tivrties, which benefits socwly more widely. Promoting equality and dwersity benefits individuals often left wl and excluded from support and research. Intlividuals themselves benefit from new experiences and opportLJnrties lo be heard. By modelling ways lo undertake inclusive research and practice and disseminating these resums through peer-reviewed research but also Ihwough accessible blogs available lo the wideT public, wider s(KEty benefits from increased understanding and ideas about how to reduce discrimination. Communities benefft from the involvement and insight of a gfealer diversity of people in opportunities such as employment or training In summary, our beneficiaries are.. Young people, parents, carers and people lacing Multip sy51emrc disadvantage.. through 0pp0rtunrtS lo Co-produce resi1nCe $Our¢e$, initiate and collaborate on Social tIVisM projeds and challenge exisb'ng service responses lo drive and inform serwce improvements. Practrtioners.. Ihrouyh continuous and progresswe opportunitie5 to develop IheiT understanding and practiTr of how confronb'ng System ¢halleng&s can be an e55enlial component of indivual resilience, working in a O-prcKluctive way to enable their prtice and system5 to be challenged and changed. Communities. IhrDugh the wider benefits of achieving greater reSi1nCe throughout communities which face systemic disadvantages. Page 2
BOINGBOING FOUNDATtON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST 2025 ACHIEVEMENTS AND PERFORMANCE Charitable activities Health Deleminanls Research CollaboralKJn The charity is a communrty partner wf(h Blackpool Council in the five year National 5nsli(ule for Heatth Research INIHRI funded Health Delemiinanls Research Collaboration IHDRCI. This groundbreaking project aims lo dUce heatth inequali(ies by enabling the Local Authonty to make more evidence informed deasKJns about service provision aeross four prh)rty determinants.. 1. Housing 2. EducatK)n, employment and skills 3. Maternty and the first fv40 years of life 4. Mental hearth thin this partnership, the charity is responsible for recruiting and SUPPDrting Youth Co researchers with Iwed experience relevant to these priorty areas. The charrty provides training, pastoral support, and research capacity building, and works cbsety with the Local Authority HDRC team to develop the processes Tequired for this innovative model of co research. During the reporbng period, the charty supported eight Youth Co reSe?her$. recewed training in search methods and contributed to a w¢de range of projects with Blackpool Council, includ1ng inveslvJations into ceSS lo energy effieiency gran15, SUPPOrted housing provision, the impact of effiaency technologies in social housing, youth mental heahh. and cannabis use arnorrfJ young people. Co researchers also attended nferences. delivere(I presentations. advised local authorities and other HDRCS on youth involvernent. and contributed to bKI devdopment. Collectivdy, these activities slrenglhened local research capacty, amplTfied communty and youth voices, and supported rrB)Te evidence infoTmed decision making across the Local Authorty. ReSe0h Roady Ccqnmunf(Yas The charty supported the continuation and progression of the NIHR Research Ready Convnunlt pibl which had launched in Autumn 2021. Blackp¢xsl has been of the prionty areas identrfEd for increasing public engagement in heatth research. A group of Youth Co-rese8rchers had formed during phase 18nd were keen lo conlinue on the path lo becoming 'research ready. wf(h the support of the charty, in partnership wrth Heallhwatch B1kpOOl and Citvzens Advics Blackpool. The goal was lo cwroduce a research project from the ground up, wlh communty members centred as true C0-reseahers from the very fysl stage. During Ihis pertsd the group worked with an xademr researcher fr¢)m Lancaster Universty lo conduct scoping study exploring the effect of parental mental heatth lilera¢y on the nEnlal heaf(h of their chiklren. The group recrui(ed parentsl carers and a mental heaf(h professional to ccOnduct the study, in addrtv)n lo interviewees lo understand local needs and prK)rilies regardirrfJ parental mental heatth literacy. Inlervws wrth young people, parentsl carers, and mentsl health professionals were conducted during this period. The data collected will be used lo design and tria a parental mental health literacy programme. Coastal Crxnmunity and Creative Heatth An AHRC-funded collaboratlon wi(h the uner$ty of Lnferpool, Unwetsty of Bristol, Unwèrstty of Brighton. Universf(y of Kent, Lancaster University. University of Sussex, and many communty organisalK)ns and practitioners in the North West, South West and South Ea51. The Charity is leajing the lived expence wuk package which aims lo use creative methods lo undeT51and how these communty organisations help our wellbeing, what barriers we mwht fe accessing them, and ere the gaps in seiceS are. Wrth this evwjence, communi(y organisalion5 can become more effectwe and help more people. During this period the Charity worked wrth Co-inve5tigators to rework the project prolocLJI. successbjlly campaigning for increased engagement with local artists. The Charity recruited a creSearch team wf(h lived experience for the three priorty areas, ak)ng with local artists lo facilrtale the workshops. The Charty supported the co-resewchers and art+'st8 lo plan the workshops. ready for delivery in 202512026. ActiwstAlliance Page 3
BOINGBOING FOUNDAfON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MAY 2025 The Charty's 'A¢tivisl Alliance, project compliments the co-research projects by prowding a more practical fttus for galvanizing communities towards creating System change. The Activist AllIan'S activities are planned co-productivety w((h. and led by, our Peer Engagement Workers and C(>pr¢)Judion Workers. During this peri(xJ we had two Activist in Residence plaments active. The residencie5 were 8 partnership wrth Blackpool Sixth Fn College, BlackpcKJl Council. and the Lancashire Climate Action Network ILancsCANI. The acb'visls worked ¢losely wrth these partners lo organise the Lanca5hire Youth Clirnale conferen 2024, which brought towther around 100 young people from across Lancashire There were presenlalions, worf(shops, and stalls focusing on a range of environmental action and policy in the region. faciltsted by decision-makers. bu&nesses, VCFSE groups, artists and young people. As a $11 of the conferen, a group of young people have sel up the LancsCAN youth group. Cumbria Co-Research Collertive The Charity has been an active partner in the Cumbria Youth Co-reseaTch Collective ICYCC) since November 2024, working alongside young people from Carlisle Youth Zone (aged 12-171, youth workers, and academie partners lo build PaCity in c(kproduced research. Drawing on our expertise in co-re5e8r¢h, we led the delivery of Gel Research Ready With Me {GRRWMI, a new project designed lo help young people understand the research prctess and to support adults lo meaningfully invobse them. Our role fwused on creating accessible. engaging spaces where youth QFreseaTchers could explore how inclusive research 1$ shaped by drfFerent experiences, Ideas, and priorities. The Charity facilitated GRRWM days al Carlisle Youth Zone. The fitsl, in Febwary, introduced the fundamentals of research and co-research, and sUPPOrted young people lo idenlrfy their areas of inlerest throLJgh creative activits"es. The second, In March, prepared the gioup for their first live research commission from the Petteril Community Panel, nIred on improving opportunities for children and young people in the Petteril Bank area. The charty guided the refinernenl of research questions. sutvey development. and discussions on lileralure, methodology, ethics, and participant engagement across four thematic priorit5. Through thi5 work, the charity helped equip y¢)ung pe(ple wrth the skills and Confiden lo Influen decisions that affect their lives and communities. NIHR North Wesl Applied Research Collaboration IARCI Research Intemships. In March 2025, Ihiee members of the Charity's senior staff began research internship5 supervised by acadernic researchers from NIHR North Wesl ARC The projects will be investigating artists, peiceplions and experiences of ¢re81ive heatth research, wrth the aim of understanding how lo improve engagement and inVoement in create health.. and how rippk effects mapping can be used lo understand the wider systemic impacts of Invo1n9 communrty cresearcherS in heaf(h research. During this period the iesearchers began working the project protocols, with the projects themselves lo be conducted In the following year120261. FINANCIAL REVIEW Flnanclal posStion The Charty continues lo r1ve income from conlracls secured in the previous financial year. and three members of the charrty successfully began research internships. Total funds decreased by £27.663 (after costs) during the year. The trustees have considered the Charty's finanoal posilK)n. induding the reported deficit for the year, and have assessed the organisalion's ability lo continue as a going wncem. The defi¢il primarily rdiecis timing of grant income and increased delivery costs. rather than any structural weakness in the Charity's financial model. The Charity Gonlinues to maintain strong relationships wrth its funders and partners. and has secured confirmed income for the forthcoming financial year, alongside a heatthy pipeline of pending bids. Cashflow forecasts and budget projections have been revwed and demonstrate that the Charity has sufficient iesource5 to meet ils obligations. Based on these considerations, the Trustees are sa115fied that the Charity has adequate resources lo ¢ontinue in operational existence for the foreseeable future and Iheiefore continue lo adopt the going concern basis in preparing the financial statements. Investment policy and objectives The Charty's funds were held in current and savings bank accounts durin9 the 2024-2025 financial year. Page 4
BOINGBOING FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MAY 2025 FINANCIAL RVrfIEW ReseNes pollcy The Trustees of Boingboing Foundalion have established a reserves policy which approprialety reflects the risks lo which the Charity is exposed. In reviewing the potentia5 costs that could arise should a SKJnfficanl reductK)n in income be incurred, the Trusleeg have delemiined that il appropriate for unrestrided. 'free'. reserves to be mainta'ned at a minimum of 3 mgnths. Al 31st May 2025, the Chanty has accumulated unreslrth(I reseNes of £143,624," this provides cover for more than 3 months of current operating costs The Trustees have agreed this position gNen the development plans for the Charity in the following financial year, which will increase the expenditure and operating eosts of the Charity- The Trustees aclivety maro3e Boingkjing FoundatK)ns financgs so that an wJeqLBtg kvel of reserves is maintained in compliance with the reserves policy. The Charity wll review reguLgdy both the sum rt wshes to hold in reserves in unre5tricled funds and the basis for that figure. FUTURE PLANS We will further expand and develop our Co-research tsam wrth the aim lo Qme Blackpool'$ Communty Ctrresearch Hub. We will Strenen our staff slrudure with part time C¢¥roduction Vvorker roles. We will k>ok at diversifying our incorne streams through facilrtalion and training seNces. Research partnerships, heahh and local autPK•rity commissioning. and trusts and grants continue lo be c¢Jre components of this strategy. STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng document The chari(y ss controlled by f(s governing document, a de&J of trust, and ¢onslitute$ a limited company, limited by guarantse, as defined by the Corripanies Act 20C6. Recruitment and appointmènt of new trustees Under the requirements of the Articles of AssocNion there shall be at least the Trustees and no more than eight Trustees, of whom al least shall be Independent Trustees. During this period. one Trustee resigned and one Trustee was appointed. retsining a lotal of four. Three Trustees are Indendent Trustees. Each Trust, unless cherwise disqualffied or remowj, shall retr. from office al the first Trustee meeting lo be held on or after the IhiTd anniversary of the commencement of his or her term of office. Retiring Trustees may be Teappointed bul a Trustee who has served for three consecutive lemis of offti must lake a break fran Offi and rnay not be reappK)inted until the anniversary of the commencent of his or her break from office. Arby person who k8 willing lo ad as a Truste&, and who would not be disqualrfied from acting under the provisions of Article 26, may be appointed to be a Trustee by the Member giwng n(x1 in Writing to the Charity. AJI Trnslees gave their time volunlarity and rgwved no bonefits from charity. Induction and Iralnlng of new trustees en appointed. TTusl*s are involved in an induction pr¢xess and have the opportunty to attend training and infom)ation eourses as necessary. Related parties Boingboing Resilience CIC is the sole member of Brynsth'rvJ FourK(ation and has e5tsblished the charity. Whilst th8 Foundation is indepeNJent of Boingboing Resilience CIC, it wll unite wf(h il and their cdLaboratots, to advance the concept ol resi1nce. Where appropriate, a Memorandum of Understanding andlor partnership agreements will be established with any revant part$. Page 5
BOINGBOING FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MAY 2025 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 13384036 IEr¢gland and Wales) Registered Charity number 1194676 Registered office Cornelius Hoijse 178-180 Church Road Hove East Sussex BN3 2DJ Trustees S Denni5 Director (Tesigned 311101241 Dr F Farache Aureliano Da Director Ms C Taylor-Beswick Chair Dr B Kara Senior Research Fell Ms P Wheeler lappoinled 4191251 A M Speighl lappoinled 4191251 B F R Bunting lappoinled 18191251 Auditors Parkers Chartered Accountants and Registered Auditors Cornelius House 178-180 Church Road Hove East Sussex BN3 2DJ STATEMENT OF TRUSTEES. RESPONSIBIUTIES The Iruslees (who ale 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 a¢¢ordance wrth applicable law and United Kingdom A¢UntIng Standards (United Kingdom Generally Accepted Accounting prte1. Company law requires the Iruslees lo prepare finanaal slalemenls Ic¥ each financial year. Under that law, the Iruslees have decl lo prepare the financial slalemenls in accordance with Unrted Kingdom Generally Accepted Accounting Practice (Unrted Kingdom Accounting Standards and applicable lawl. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair vw of the slate of affairs of the Charitable company and of the Incom1ng resources and application of resources, includin9 the income and expendrture, of the charrtable company fcfj that pericKI. In preparing those financial stalemenls, the trustees are Tequired lo se sultable accounting pdicies and then apply them consistently., observe the methods and principles in the Charities SORP, make judgements and eslimales Ihal are reasonable and prudent., prepare the fi'nancial ststemenls on the going concein basis unless f( is inappropriate lo presume that the charrtable company wll ntInue in business. The Iruslees are responsible for keeping proper accounting records which disclose wth reasonable ac¢ura¢y at any lime Ihe financial posilK>n of the Charitab company and to enable them lo ensure that the financial statements comply with the Compan5 Act 2006 They are a150 responsible for safeguardiryJ the assets of the charrtable company and hence for taking reasonable slep5 foT the prevenbon and delectiL)n of Iraud and other IegL11aritie$. Page6
BOING801NG FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MAY 2025 STATEMENT OF TRUSTEES, RESPONSIBILITIES- conllnued In so far as the trustees are aware.. there is no relevant audit inforrnalion of whh the charitable company's audrtors are unaware., and the Iruslees have taken 811 steps that they ought to have taken to make themselves aware of any relevant audrt informatK>n and lo establish that the auditor5 are aware of that irfomation. AUDITORS The audrtors, Parkers, will be proposed for rewappoinlmenl al the forthcoming Annual General Meeting. 17fv7 2OZ6 Approved by order of the board of trustees on ............................................. and suned on its behalf by.. Dr B l(wa- Tru Page 7
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF BOINGBOING FOUNDATICX4 Opinion We have audited the financial stalernenls of Boinglxjing FoLJndthon Ilhe 'charitable company'l for the year ended 31st May 2025 which comprise the Statement of Financial Aclivrties, the Balan¢e Sheet and notes lo the financial slalemenls, including a summary of snl¢an1 accounting policies. The financHI pOrtIng frdmework that has been applied in their preparatitsn Is applicable law and United KIrd0M Accounting Standar(Is Iunited Kingdom Generally Accepted AccoLJnting Practice). In our opinion the financk31 stalemenls.. give a true and fair view of the slate of the charitable company's affairs as al 31st May 2025 and of ils Incoming resources and application of sOUrces. including rts income and expendrture, for th& year then ended", have been prOpeY propared in accordance with Unrted Kingdom Generally Accepted Accounting Practice.. and have been Prepar In accordance with the requirements of the Companies Act 2Q(E. Basis for opinion We conducied our audit in accordan with International Standards on Auditing IUK) IISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit ol the financial statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethal responsibilrts in accordance wlh these requirements. We believe that the audit ev*Jence we have obtained is sufficient and appropriate lo provide a basis for ¢)ur opinion. Conclusions relatlng to going concem In audrting the financial statements. we have concluded Ihal the Iruslees. use of the going concern basi5 01 accounting in the preparatK)n of the financial statements is appropriate. Based on the work we have performed, we have r1 identified any material uncertainties reL41ing lo even15 or conditions that, individually or collectively, may cast signrficant doubl on the charitable company's ability lo continue as a going concem for a period of at least ts¥ee months from when the financial slalements are aulhofised for issue. Our responsibilities and the responsibilities of the trustees wlh respect to going concem are described in the rdevanl sections of this report Other Infomiation The trustees ale responsib for the otheT infomialion. The other informalK>n comprises the infomation induded In Annual Report, other than the financial statements and Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other infomalion and, except lo Ihe extent otherwise eXplicY slated in our report, we do not express any fom of assurance conclusion theren. In connectK)n with our audit of the financial statements, our responsibility is lo read the other infornialion and, in doing so, consider whether the other infomation is materially inconsislenl with the financial Statements or OUT kn¥ledge obtained in the audit or otheTwise appears to be materi8lly misstated. If we Klenlty such material inconsistencies or 8pparent material misstatements, we are required to determine whether this gives rise lo a material misstalemenl in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misslalement of this other informalK)n, we are required to reKL)rt that fact. We have nothing lo report in this Tegard Opinions on other matters prèscribed by the Companies Act 2006 In our opinion. based on the worf< undertaken in the course of the aLJdil". the information given in the Report of the Trustees for the financial year for which the financial statements are prepared Is consislenl wlh the financial statements., and the Report ofthe Trustees has bn prepared in euordance with applicabk al requirements. Page 8
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF BOINGBOING FOUNDATION Matters on vthlch we are required to report by exception In the light ol the knedge and understanding ol the charitable company and ils environment c*Jlained in the rse of the audit, we have not Klentffied material m1$ststents in th8 Report ofthe Trustees. We have nothing lo report in respect of the folbwing matters whgre the COmpanS Act 20C6 requires us lo report lo you rf, in our 4)inion'. adequate accounting records have not been kept or retums adequate for our audit have not been 1Ved from branches not visrted by us., or the financial statements are not in agreement with the aoUntIng records 8nd returns.. or certain disclosuie5 of trust$. rernuneratn specrfied by law are not made., or we have not received all the information and expknab'ons we require lor our audrt., or the trustees were not entitled lo lake advantage of the small companies exemption from the requiremenl lo prepare a stratlC Report or in preparing the Report ofihe Tfustees. Responsibilitigs of trust As explained more fulty in the Statement of Tntstees, Responsibilibes, the trustees {who are also the directors of the charitable company for the pUoSe$ of eompany lawl are responsib for the preparation of the financial stslements and for being satisfied that they give 8 true and fair view. and for such internal Control as the trustees deterniine is necessary to enable the preparation of finanaal sktemenl¥ that are free from material misstatement, whether due lo fraud or error. In preparing the finanryal statements, the trustees are responsib f(x assessin9 the charitable company's abili(y to continue as a going concern, disclosing. as applicable, rnatters related to going coneem and usin9 the going concern basis of a¢counting unless the Iruslees either intend to liquidate the charrtable company or lo cease operattons, or have no realistic akemats've bul to do so. Page 9
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF BOINGBOING FOUNDATION Our responslbllities for the audit ol the financial Statements Oui objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due lo fraud or error, and to Issue a Report of the Independent Auditors that include5 our opinion. Reasonable assurance is a high level of assurance. bul i5 nol a guarantee that an audit conducted in accordance wrth ISAS IUKI will always delect a material misslalemenl when il exists. Misslatemenls can arise frLYn Iraud or error and are considered material if, ind1vKlual or in the aggregate, they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial slatemenls. The extenl to which our procedures are capable of detecting irregulari(ies, including fraud is detai below.. Based on our understanding ol the charrty and industry, we identffied that the principal risks non-¢ompliance with laws and regulations related lo the charrty commissK)n, and we considered the extent lo which non-compliance might have a material effecl on the financial stalemenls. We also considered those laws and regulations that have a direct impact on the preparation of the financial $18lements such as the Companies Act 20(E. Vve evaluated management's incentives and oppOrtunleS for frauduler)I manipulation Df the financial 51alements (including the risk ol override ol ¢onlrolsl and determined that the principal rLsks were related lo donations and legacies, where there may be incenlwe for manipulation of over5taled donations and legacies. Audrt procedures performed by the engagement team included. Discussions with management, includin9 consideralh?n of known or suspected instances of non-compliance with laws and regulation and fraud, and Identifying and testing jourrial entrie5, In partular any pumal entries posted wrth unusual CoUnt combinations including joum81 entries which inflated the Company's resums for the period wlh unusual offset entries and journal entries impacting work In progress with unusual offset entries to deted 8ny unusual capitalisation of ¢osls. There are inherent limitations the audit procedures described above and the further remtsved non-compliance wilh laws and regulions is from the events and transactions rellected in the financial slalemenls, the less likely we would become aware of It. Also. the risk of not detecting a material misslalernenl due to fraud is higher than the risk of not detecting one resulting from error, as fraLJd may involve deliberate concealment by. for example, torgery or intentional misrepresentalKins, or through collusion. A further description of our responsibilities for the audi( of the financ4al 5talernenls Is located on the Financial Reporting Council's website at ww.frc org uklaudilorss[)slbIlI1les. This descriptson fomis part of oui Report of the Independent Auditors. Use of our report This report is made solely lo the chari(able c(mpany's members, as a body. in accordance wlh Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate lo the charrtable company's members those rrtter5 we are required to stale lo them in an audrtors, report and for no otheT purpose. To the fulSt extent permitted by law. we do not acpt or assume responsibility to anyone other than the charf(able company and the charitable company's members as a body, for our audrt wotl(, lor this report, or for the opinions we have fOrrn. Annette Watson PhD Bsc FCA (Senior Slalulory Auditor) for and on behalf of Parkers Parkers Chartered Accountants and Registered Auditors Cornelius House 178-180 Church Road Hove East Sussex 8N3 2DJ 17fvi Vkl[i."h 2(;£6 Page 10
BOINGBOING FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MAY 2025 2025 Total fund5 2024 Total funds as restsled Unrestricted fund Restrted funds Notes INCOME AND ENDOWMENTS FROM Donations and acies 131.038 17.965 149,3 153,254 Investrnant inccyng 4.299 2,241 Total 135,337 17.966 153.302 155,495 EXPENDITURE ON Charbtable activities Resilience, research and practice 160N44 20.521 180.965 154.553 NET INCOMEIIEXPENDITUREI 125,1071 (2.556) {27.6631 RECONCIUAnON OF FUNDS Tolal funds brought forward 183,983 3,487 187,470 186,528 TOTAL FUNDS CARRIED FORWARD 158.876 931 159,807 187,470 The nces fom part of these finanual statements Page11
801NGBOING FOUNDATION BALANCE SHEET 31ST MAY 2025 2025 2024 as reslaled FIXED ASSETS Tangible assets 788 3,268 CURRENT ASSErs Debtors Cash al bank 6,94S 189,699 6,515 218,371 196,644 224,886 CREDITORS Arnoun15 falling due within one year 137,6251 {40.6841 NET CURRENT ASSETS 159.019 184,202 TOTAL ASSETS LESS CURRENT LIABILITIES 159007 187,470 NET ASSETS 159,807 187,470 FUNDS Unrestricted funds Reslrrled funds 11 158.876 931 183.983 3.487 TOTAL FUNDS 159.807 187,470 These financial slalemenls have been prepared in accordance with the provisions applicable lo charrtable companies subject to the small companies regime. Th financial statements were approved by the Board of Trustees and authorised for issue on B Kara - Trustee The notes form part ofthese financral statement5 Page 12
BOINGBOING FOUNDATION NOTES TO THE NNANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2025 ACCOUNTING POLICIES Basis of pr8parlng the financlal ststements The financial ststements of the charitable company, whh is a public benefrt enlty under FRS 102, have been prepared in accordance wf(h the Charrties SORP {FRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Praelice applicab lo charrties preparing their Iccounts in accordance with the Financial Reporting Standard applicab in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191,, Financial Reporting Standard 102 The Financial Reporb"ng Standard applicab in the UK and Republic of Ireland. and the Companies Ad 2006. The finanaal statements have been prepare(l under the historical cost convenlh)n. Income All incomo recognised in the Statement of Financol Acliwties onee the charity has entrtlemenl to the funds, rt is Pfobable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recc>Jnised as expenditure a8 S(K)n as there is a kgal or conslructwe obligation committing the ¢harty lo that expendf(ure, tt is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an anIal$ basis and has been classffied under headings that aggwate all cost reted lo the colegory. Mhere costs cannot be dIrtty attributed to PartVIar headings they have been albcated lo activiltes on a basis cOnsnt with the use of resources. Tanglble fixed assets Deprecralion is provided at the folbwing annual rates in order to wrrte off each asset over it5 es'mated useful life. Taxatlon The charity is exempl from ccYporatKJn tax on ts charitable activitigs. Fund accounng UnSIrted funds can be used in Xe0rdan wrth the charrtable objeclwes at the discretion of the trustees. ReStrted ftjnds can On be used for particular restricted purposes wlhin the objects of charity. ReStr110nS arise when Spefi by the donor or when funds are rais&J for particular resth.cted purposes. Further explanation of the nature and purpose of each fund is )cluded in the notes lo the financial statements. Pen$lon costs and other post-retlrement beneffts The charrtable company operates a defin&l cclttribulion wnsion scheme. Contributions payab lo the charitable company's pension hOMe are charged to the Statement of Financkgl Activiu'es the period lo which they relate. Page 13 continued...
BOINGBOING FOUNOATION NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MAY 2025 INVESTMENT INCOME 202S 2024 as restated Deposit account interest 4,299 2,241 NET INCOMEIIEXPENDITUREI Net incomellexpendrturel is staled after chargingll¢redthngl: 2025 2024 as reslaled Audrtor5' remuneration Other non-audil services Depreciati - owned assets 2.784 242 2,481 2,480 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, MUneratiOn or ctheT benefits for the year ended 31st May 2025 nor for the year ended 31st May 2024. STAFF COSTS The aver¥Je monlhty number of employees during the yearwas as folbw5'. 2025 2024 as restated UK staff 11 No employees received emluments in excess of £60,000. PRIOR YEAR ADJUSTMEpir During the year, the trustees idenlffied that slaff wages relating lo the delwery of the charity's charrtable acttvitieg had been incorrectly allocated to raising funds expendrture in the prior period. The error arose due to a misclassffication in the nominal ledger and did not affect total expendrture, net movement in funds, or total funds. The adjuslmenl has been made by re¢las5fying the relevant staff costs from raising funds to charitable actiwlies within the Statement of Financial A¢tivrties for the comparative period. Comparative figures have been restated accordingly There is no impact on the charity's total incoming resource5, total expenditure, or closing fund balan$ for the prior year. Page 14 ¢tinUed...
BOINGBOING FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MAY 202S TANGIBLE FIXED ASSETS Computer equipment COST Al 1st June 2024 and 31st May 2025 7A41 DEPRECIATION Al 1st June 2024 Charge year 4.173 1480 Al 31st May 2025 6,653 NEf BOOK VALUE At 31st May 2025 788 At 31st May 2024 3,268 DEBTORS.. AMOUNTS FALUNG DUE WITHIN ONE YEAR 2025 2024 as restated Trade debtors Prepayments and accrued income 205 6,740 6,515 6,515 CREDrroRS: AMOUNTS FALLING DUE MTHIN ONE YEAR 2025 2024 restated Socral secunty and other taxes Olh8r creditors Accruals and deferred inccffie 1,833 657 35,135 311 37,469 37.625 40,684 10, ANALYSIS OF NET ASSETS BETWEEN FUNDS 2026 2024 as re51aled Totsl funds Unrestricted fund Reslrided funds Total fiJnd5 Fixed a35els Current assets Current liabllrtS 788 195.713 137.6251 788 196,644 {37,625} 3.268 224,886 140,6841 931 158.876 931 159,807 187.470 Page 15 ortinued...
BOINGBOING FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31ST MAY 2025 11. MOVEMENT IN FUNDS Net movement in funds At 3115r25 At 116124 Unrestricted funds General fund 183,983 125,107 158,876 Restricted funds NIHR- Research Ready Cunmunilies Pilot Lancaster Fylde Coast Research Consortium Research Collaboi*or Project Lottery 931 931 1,820 1,667 11,8201 11.6671 3,487 931 TOTAL FUNDS 187,470 127,6631 1S9,807 Net movement in funds, included in above are as follows.. Incoming resources Resources expended Movement In funds Unreslrf¢ted funds General fund 135,337 1160,4441 125.1071 Restricted funds NIHR - Research Ready Communities Pilot Lancaster Fylde Coast Rewdrth Consortium Research Collaborator Project Lottery 6,517 {5,5861 931 11,448 113,2681 {1,6671 11,8201 11.6671 17.965 120,5211 12.5561 TOTAL FUNDS 153.302 1180.965} 127,6631 ComparatNes for movement in funds movemènt in ftjnds Al 3115r24 At 116123 Unrestricted funds General fund 186,528 12,5451 183,983 Restricted funds Fylde Coast Research consorb.um Researeh Collaborator Proiect Lottery 1,820 1,667 1.820 1,667 3,487 3,487 TOTAL FUNDS 186,528 942 187,470 Page 16 continued...
BOINGBOING FOUNDAmOP4 NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MAY 2025 11. MOVEMENT IN FUNDS - contlnued Comparative net rTtr)vement in fijnds, incIed in the above are as fdk)ws". Incoming resources Resources expended Movanent in funds Unrgstrictgd funds General fund 136,974 1139,5191 12,5451 Rgstricted funds Fylde Coast Research Consorbum Research Collaborator Project Lottery 8.521 10,0 16,701} 18,3331 1,820 1,667 18,521 {15,0341 3,487 TOTAL FUNDS 155,495 (IS4,553} 942 12. RELATED PARTY DISCLOSURES There were no reL4ted paty Iwsactions for the year ended 31st May 2025. Page17