# **ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024** ## **REBEL RESTORATION** (Charitable Incorporated Organisation) **CHARITY REGISTRATION No: 1197777** Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ ## **REBEL RESTORATION** (Charitable Incorporated Organisation) ## **CONTENTS** |Page 3|Legal and Administrative Information| |---|---| |Pages 4 to 5|Trustees' Report| |Page 6|Statement of Financial Activities| |Page 7|Balance Sheet| |Pages 8 to 16|Notes to the Financial Statements| |Page 17|Independent Examiner's Report| 2 ## **REBEL RESTORATION** (Charitable Incorporated Organisation) ## **LEGAL AND ADMINISTRATIVE INFORMATION** **CHARITY NUMBER** 1197777 **DATE OF REGISTRATION** 3rd February 2022 **START OF FINANCIAL YEAR** 1st October 2023 **END OF FINANCIAL YEAR** 30th September 2024 **TRUSTEES AS AT 30TH SEPTEMBER 2024** Mrs Claire Jenkin Dr Richard Woodfine Mr Daniel Bates Mr Ciaran Nelson Mrs Jane Williamson Mrs Morven Robertson (Appointed 24th June 2024) **LEGAL STATUS** Charitable Incorporated Organisation **GOVERNING INSTRUMENT** CIO - Foundation Registered 3rd February 2022 ## **OBJECTS** To promote for the benefit of the public the conservation, protection and improvement of the natural environment by the provision of such grants and donations as the Trustees shall think fit in particular for the following: **a** ) Projects focused on removing carbon from the atmosphere and restoring natural habitats. **b** ) Research into projects on the impact of naturalbased carbon removal and the publication of the useful results of such research. **c** ) Raising awareness of the impact of climate change and encourage communities to become involved in nature-based projects. ## **CORRESPONDENCE ADDRESS** **CORRESPONDENCE ADDRESS** First Floor 10 Queen Street Place London EC4R 1BE **PRIMARY BANKERS** Metro Bank Plc One Southampton Row London WC1B 5HA **INDEPENDENT EXAMINERS** Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ 3 ## **REBEL RESTORATION** (Charitable Incorporated Organisation) ## **TRUSTEES REPORT FOR THE YEAR ENDED 30TH SEPTEMBER 2024** ## **Aims & Objectives** Rebel Restoration is a Charitable Incorporated Organisation registered in England & Wales but active across England, Wales and Scotland, with a primary charitable purpose of environmental conservation. Specifically, Rebel Restoration will provide grants and funding to holistic environmental projects which: - Remove carbon from the atmosphere whilst restoring natural habitats and biodiversity; - Develop research on the impact of nature-based carbon removal and; - Encourage communities to become involved in nature-based projects. Preferably all three. Mostly in the UK. ## **Achievements** The primary focus of the charity during this reporting period was for the charity to develop its governance, resourcing and grant administration processes to deliver a scale up in fundraising and grant-making activities after our first year of activity. Our funding from Rebel Energy Ltd under a Funding Agreement increased with their customer growth and we also received donations from 2 new donors. This enabled us to increase our grant giving to support existing and new partners, namely: · **Project Seagrass** : Seagrass restoration and research activities on the Welsh coastline; · **Seawilding** : Seagrass and native oyster restoration and research activities in Loch Craignish, Scotland; · **Moors For The Future** : Peatland restoration activity on Ilkley Moor in the north of England and research activities on dense sphagnum planting in the Peak District; - **Just One Tree:** Mangrove restoration in Madagascar; - **Chiltern Rangers:** Chalk stream restoration and youth conservation in the Chilterns, England; - **Chiltern Conservation Board: C** itizen science to track biodiversity in the Chilterns, England; - **Forest of Marston Vale Trust:** Woodland restoration in one of England’s Community Forests; · **10 Community Grants:** To schools across England & NI for nature based projects – from a gardening club greenhouse to forest schools and Earth Day projects. The partners and projects were selected as a result of their carbon, biodiversity and community impact across the UK, being delivered by highly credible groups and partnerships. We have commissioned a review of our selection criteria and assessment process with Pilio to strengthen our governance and add best practice from industry experts. We also appointed a new Trustee with conservation expertise -both as a practitioner and grant maker- to strengthen our governance. Looking forwards, we plan to expand our relationships with these partners, ideally to multi-year grants, so are developing a financial framework to enable these commitments. We are setting up a working relationship with Heart of Bucks to support our grant administration process so that we can maintain our low overheads and maximise our efficiency in grant making. We will also be looking to build new partnerships that expand our habitat and geographic coverage, as the income of our charity continues to grow. ## **Trustees Selection Method** The Trustees are appointed in accordance with the Charity's Governing Document. 4 REBEL RESTORATION TRUSTEES REPORT {ContlThJ•dl FOR THE YEAR ENDED 30TH SEPTEMBER 2￿4 Th• truB1•08 aty reiwroib* P￿￿rry ts TnAtee•' Rwi 8TrY Its fir•rv•l rt•t•ff•nts m o(oyd•rc• wrth aPpl￿b L•w G•r*Ally ALr•pi•d Pnrtip*& I&1￿) &2r#J4rd 102.. TF* P•wrbry St¥ndHrd a￿￿bI* in fv UK aTrJ ollr•lAnd (Urthd C￿lty kn•o•J Pr¥rtK•l. Th• Ck4ritw Art 2011 r•wir• t￿* to pryr• fir•￿* *thrr*nti fer•th fir•rwl s••r 4 tru• and fq tru•te•a •r• ftyuir•d to.. Ckn th• •rKJ prirKpkn• in IN? SORP. kel￿a8rr￿nts •8omato• thai *r• r•a8ctht48 ar*J Stst• wwor ¥p￿￿blO UK ACC￿￿￿ sIATrJ•rd• t••n wbi•L* ts) •ny rn•wi•l d•￿r￿J￿ d¥Gkwd ¥rKI •xWr•d ITr tt¥ •i•t•nxinw. Pr•p•r• •tw¢•m•rts w tr• wrwj o)rK•rn b¥￿ 10 pr••LTh• th•t th• CIO T￿ tru8t••8 4r• r•aF4Jwbk• for k••pYvJ wfflo•M xrxwnbf¥J T•cord• tt*t d*(*x• wth •(3)Jr•cy at *ny th• Ilm￿￿81 tlk• cmnty *ThJ •r•b* ttwn ￿ •rnur• that fv fThrwl •tst•rr•rns o)mpty with tN• CMriD•I *£12011, Chonty IAcwurts R4P(rt•l A•gL￿triTe￿ >)OB pro¥iX￿O d lh• (aw•rnifwJ tkcunwnt Th•y •r• &￿0 r••poroibl• for 14l••uard1ry ¢h q••*•cl ltr• 4rl k•r¢• f•••y¥bl• •t•p• for ts* prw•ntw d•txtwJn dfr*wJ •ThJ ¢Jth•r Irf•9￿4111￿. Sh)r￿d M Ih•tr b•h•Yby Tn￿t••................. ... .... .... PrMt•d N•ff•.' ## **REBEL RESTORATION** (Charitable Incorporated Organisation) ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH SEPTEMBER 2024** |**Note**
**INCOMING RESOURCES**
**Incoming Resources from Generated Funds**
Donations, Grants & Legacies
**3a**
Investment Income
**3b**
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
**Costs of Generating Funds**
Charitable Activities
**4a**
Governance Costs
**4b**
**TOTAL RESOURCES EXPENDED**
**NET INCOMING (OUTGOING) RESOURCES**
Total Funds Brought Forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
Designated
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
Funds
**2023/24**
**2022/23**
£
£
£
£
£
12,352
468,996
-
481,348
152,492
718
-
-
718
-
**13,070**
**468,996**
**-**
**482,066**
**152,492**
63,417
468,996
-
532,413
40,207
1,380
-
-
1,380
1,150
**64,797**
**468,996**
**-**
**533,793**
**41,357**
**(51,727)**
**-**
**-**
**(51,727)**
**111,135**
81,135
30,000
-
111,135
-
**29,408**
**30,000**
**-**
**59,408**
**111,135**| |---|---| Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing. The notes on pages 8 to 16 form part of these dormant financial statements. 6 REBEL RESTOIIATION (ChantatAe IrwF¢nt&l Orgarm￿l1)n) BALANCE SHEET A6 AT m SEPTE4•BER 2024 TOTAL JO-S￿24 3tyS•p.23 F￿31 TarK1b￿ Asaots 30.OC¥) T￿1 Flx•J Curr•mt Au•ts D•biof8 & PropAyft*rt• Ca8h Al Bonk aThY In Har Totsi Curr•nt AM•t• 10 204 916 210 420 210420 Cr•dh•r•'. Anwrt•f•lUrwJ d￿•T￿1h￿oI• 11 181.012 181,012 NET CURRENT A$￿T• 29.408 29.408 81,135 59,401 111.13S ¢r•Jltor& dw in 11￿ It•n ye•r 12 NET ASSET• 111 13$ Fund•ofth•Ch•thy GoMr•l Fund* 29.108 01.13S Rè•tnctsd FuTrJ4 Tot•1 Fund• 111 135 S¥rtd on l￿'r t•h•llby T1￿............................ ... .. .. . Printsd N#rr*'. ## **REBEL RESTORATION** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024** ## **1. ACCOUNTING POLICIES** ## **Basis of Preparation & Assessment of Going Concern** ## **Basis of Preparation** The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2015) (Second Edition, effective 1st January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011. The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes. ## **Assessment of Going Concern** Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern. ## **Incoming Resources** ## _**Recognition of Incoming Resources**_ These are included in the Statement of Financial Activities (SOFA) when: ▪ the charity becomes entitled to the resources; ▪ the trustees are virtually certain they will receive the resources; and ▪ the monetary value can be measured with sufficient reliability ## _**Incoming Resources with Related Expenditure**_ Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA. ## _**Grants and Donations**_ Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources. ## _**Tax Reclaims on Donations and Gifts**_ Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. ## _**Contractual Income and Performance Related Grants**_ This is only included in the SOFA once the related goods or services has been delivered. ## _**Gifts in Kind**_ Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable. ## _**Donated Services and Facilities**_ These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. ## _**Volunteer Help**_ The value of any voluntary help received is not included in the accounts. ## _**Investment Income**_ This is included in the accounts when receivable. ## _**Investment Gains and Losses**_ This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. 8 ## **REBEL RESTORATION** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30TH SEPTEMBER 2024** ## **1. ACCOUNTING POLICIES (continued)** ## **Expenditure and Liabilities** ## _**Liability Recognition**_ Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. ## _**Governance Costs**_ Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advise to trustees on governance or constitutional matters. ## _**Grants with Performance Conditions**_ Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. ## _**Grants Payable without Performance Conditions**_ These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity. ## _**Support Costs**_ Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of the resources, eg allocating property costs by floor areas, or per capital employed, staff costs by the time spent and other costs by their usage. ## _**Unrestricted Funds**_ These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities. ## _**Restricted Funds**_ These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of appeals for special offerings for specific purposes. ## _**Designated Funds**_ These funds are funds set aside by the trustees out of unrestricted general funds for specific purposes or projects. ## _**Investments**_ Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value. ## _**Taxation**_ The charity is exempt from tax on its charitable activities. ## _**Fixed Assets**_ Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt. ## **2. TANGIBLE FIXED ASSETS** The CIO held no tangible fixed assets during this or the previous financial year. The annual commitments under non-cancelling operating leases and capital commitments are as follows: 30th September 2024 : None 30th September 2023 : None 9 ## **REBEL RESTORATION** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30TH SEPTEMBER 2024** ## **3. INCOMING RESOURCES** |**Note**
**a) Donations, Grants & Legacies**
Gifts & Donations
**6**
**b) Investment Income**
Interest
**4. RESOURCES EXPENDED**
**a) Cost of Charitable Activities**
Bank Charges
Consultancy Fees
Gifts & Grants
**6 & 8**
Insurance Costs
License & Subscriptions
Staff Costs
Sundry Expenses
Training Costs
Travel & Subsistence
**b) Governance Costs**
Independent Examiners Fees
**9**
Legal & Professional Fees|Unrestricted
Designated
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
Funds
**2023/24**
**2022/23**
£
£
£
£
£
12,352
468,996
-
481,348
152,492
**12,352**
**468,996**
**-**
**481,348**
**152,492**
718
-
-
718
-
**718**
**-**
**-**
**718**
**-**
Unrestricted
Designated
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
Funds
**2023/24**
**2022/23**
£
£
£
£
£
85
-
85
-
6,000
-
-
6,000
-
-
468,996
-
468,996
40,207
164
-
-
164
-
1,702
-
-
1,702
-
31,458
-
-
31,458
-
380
-
-
380
-
22,604
-
-
22,604
-
1,023
-
-
1,023
-
**63,417**
**468,996**
**-**
**532,413**
**40,207**
1,380
-
-
1,380
800
-
-
-
-
350
**1,380**
**-**
**-**
**1,380**
**1,150**| |---|---| 10 ## **REBEL RESTORATION** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30TH SEPTEMBER 2024** ## **5. INVESTMENTS** ## **CURRENT FINANCIAL YEAR** |Highlands Rewilding Ltd
**PREVIOUS FINANCIAL YEAR**
Highlands Rewilding Ltd
Cost Value
01-Oct-23
Additions
Disposals
Gains/(Losses) on Investments
Market Value
30-Sep-24|**Balance**
Profit/(Loss)
Additions/
**Balance**
**01-Oct-23**
On Investment
(Disposals)
**30-Sep-24**
£
£
£
30,000
-
-
30,000
**30,000**
**-**
**-**
**30,000**
**Balance**
Profit/(Loss)
Additions/
**Balance**
**01-Oct-22**
On Investment
(Disposals)
**30-Sep-23**
£
£
£
-
-
30,000
30,000
**-**
**-**
**30,000**
**30,000**
Highlands
Unrestricted
Restricted
**Total**
Rewilding Ltd
Fund
Fund
**30-Sep-24**
£
£
£
**£**
30,000
30,000
-
30,000
-
-
-
-
-
-
-
-
-
-
-
-
**30,000**
**30,000**
**-**
**30,000**| |---|---| ## **Highlands Rewilding Ltd** The Charity holds investments with Highlands Rewilding Ltd (Registered Company Number SC701646) and the original indexed book investment as at the 30th September 2023 was £30,000 and the Charity holds 3,000 Ordinary Shares in the Company. The market value of the investment held stood at £30,000 as at 30th September 2023. 11 ## **REBEL RESTORATION** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30TH SEPTEMBER 2024** ## **6. DESIGNATED FUNDS** ## **CURRENT FINANCIAL YEAR** |Highlands Rewilding LtdHighlands Rewilding Ltd
JUST ONE Tree - Mangroves
Moors for the Future - Ilkley Moor
Moors for the Future - Dense Sphagnum
Seawilding - Seagrass and Native Oysters
Chiltern Rangers - Rebel Rangers
Forest of Marston Vale - Restoration
Project Seagrass - N Wales Monitoring
Project Seagrass - S Wales Restoration
Chiltern Rangers - Wye River Restoration
Chiltern Cons Board - Tracking the Impact
Project Seagrass - Boat Sponsorship
Community Grant - Seer Green School
Community Grant - Ballynure Primary
Community Grant - West Grantham CofE Sch
Community Grant - St Ives School
Community Grant - Monkspath School
Community Grant - Chiltern Rangers
Comm Grant - Charter School East Dulwich
Community Grant - St Uny CofE School
Community Grant - Friends of Ashton|**Balance**
**Balance**
**01-Oct-23**
Income
Expenditure
Transfers
**30-Sep-24**
£
£
£
£
£
30,000
-
-
-
30,000
-
7,000
7,000
-
-
-
31,500
31,500
-
-
-
148,000
148,000
-
-
-
62,500
62,500
-
-
-
9,600
9,600
-
-
-
75,000
75,000
-
-
-
3,000
3,000
-
-
-
52,000
52,000
-
-
-
30,000
30,000
-
-
-
28,300
28,300
-
-
-
11,500
11,500
-
-
-
1,000
1,000
-
-
-
1,000
1,000
-
-
-
996
996
-
-
-
1,000
1,000
-
-
-
1,000
1,000
-
-
-
3,600
3,600
-
-
-
1,000
1,000
-
-
-
1,000
1,000
-
-
**30,000**
**468,996**
**468,996**
**-**
**30,000**| |---|---| ## **PREVIOUS FINANCIAL YEAR** |Highlands Rewilding Ltd|**Balance**
**Balance**
**01-Oct-22**
Income
Expenditure
Transfers
**30-Sep-23**
£
£
£
£
£
-
-
-
30,000
30,000
**-**
**-**
**-**
**30,000**
**30,000**| |---|---| The designated funds held are represented by the investments held with Highland Rewilding Ltd and the Charity's cash reserves. ## **7. RESTRICTED FUNDS** The CIO held no restricted funds during this or the previous financial year. 12 ## **REBEL RESTORATION** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30TH SEPTEMBER 2024** ## **8. GRANTS PAYABLE** |JUST ONE Tree - Mangroves
Moors for the Future - Ilkley Moor
Moors for the Future - Dense Sphagnum
Seawilding - Seagrass and Native Oysters
Chiltern Rangers - Rebel Rangers
Forest of Marston Vale - Restoration
Project Seagrass - N Wales Monitoring
Project Seagrass - S Wales Restoration
Chiltern Rangers - Wye River Restoration
Chiltern Cons Board - Tracking the Impact
Project Seagrass - Boat Sponsorship
Community Grant - Seer Green School
Community Grant - Ballynure Primary
Community Grant - West Grantham CofE Sch
Community Grant - St Ives School
Community Grant - Monkspath School
Community Grant - Chiltern Rangers
Comm Grant - Charter School East Dulwich
Community Grant - St Uny CofE School
Community Grant - Friends of Ashton|Grants to
Grants to
**TOTAL**
**TOTAL**
Institutions
Individuals
**2023/24**
**2022/23**
£
£
£
£
7,000
-
7,000
-
31,500
-
31,500
7,500
148,000
-
148,000
-
62,500
-
62,500
17,107
9,600
-
9,600
-
75,000
-
75,000
-
3,000
-
3,000
52,000
-
52,000
10,000
30,000
-
30,000
-
28,300
-
28,300
-
11,500
-
11,500
5,000
1,000
-
1,000
-
1,000
-
1,000
-
996
-
996
-
1,000
-
1,000
-
1,000
-
1,000
-
3,600
-
3,600
-
1,000
-
1,000
-
1,000
-
1,000
-
-
-
-
600
**468,996**
**-**
**468,996**
**40,207**| |---|---| 13 ## **REBEL RESTORATION** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30TH SEPTEMBER 2024** ## **9. CASH AT BANK AND IN HAND** |Cash at Bank & in Hand
**10. DEBTORS AND PREPAYMENTS**
Sundry Debtors|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Fund
Fund
**30-Sep-24**
**30-Sep-23**
£
£
**£**
**£**
204,916
-
204,916
81,935
**204,916**
**-**
**204,916**
**81,935**
Unrestricted
Restricted
**TOTAL**
**TOTAL**
Fund
Fund
**30-Sep-24**
**30-Sep-23**
£
£
**£**
**£**
5,504
-
5,504
-
**5,504**
**-**
**5,504**
**-**| |---|---| ## **11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Grant Obligations
Independent Examiner's Fee
PAYE & N.I|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Fund
Fund
**30-Sep-24**
**30-Sep-23**
£
£
**£**
**£**
173,640
-
173,640
-
1,380
-
1,380
800
5,992
-
5,992
-
**181,012**
**-**
**181,012**
**800**| |---|---| ## **12. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR** The CIO held no long term liabilities during this or the previous financial year. ## **13. NET ASSETS BETWEEN FUNDS** |Fixed Asset Investments
Net Current Assets
Long Term Liabilities|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Fund
Fund
**30-Sep-24**
**30-Sep-23**
£
£
**£**
**£**
30,000
-
30,000
30,000
29,408
-
29,408
81,135
-
-
-
-
**59,408**
**-**
**59,408**
**111,135**| |---|---| 14 ## **REBEL RESTORATION** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30TH SEPTEMBER 2024** ## **14. STAFF COSTS AND NUMBERS** |Gross Wages, Salaries & Fees
Employer's National Insurance Costs
Pension Contributions
Employees who were engaged in each of the following activities:
Charitable Activities|**TOTAL**
**2023/24**
£
27,479
2,746
1,233
**31,458**
**TOTAL**
**2023/24**
1|**TOTAL**
**2022/23**
£
-
-
-
**-**
**TOTAL**
**2022/23**
Nil| |---|---|---| The Charity operates a PAYE scheme to pay all members of employed staff and no employees received emoluments in excess of £60,000. ## **15. PAYMENTS TO TRUSTEES AND RELATED PARTY TRANSACTIONS** No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them. ## **16. RISK ASSESSMENT** The Trustees actively review the major risks to which Rebel Restoration is exposed and have established systems and procedures to mitigate those risks. The Trustees consider the loss of our anchor funder to be Rebel Restoration’s major financial risk. Active efforts are being made to attract additional corporate funders, and we maintain a policy of only awarding grants when funds are in Rebel Restoration’s bank account, thereby minimising risk to our grantees. In addition, the Trustees identified that payment volatility from our funders could lead to liquidity problems for Rebel Restoration and have put in place the reserves policy to ensure Rebel Restoration will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income. The Trustees have also examined other operational and business risks which they face and confirm that they have established actions to mitigate the significant risks. ## **17. RESERVES POLICY** The Trustees have considered the level of reserves they wish to retain, appropriate to the Rebel Restoration’s needs. This is based on Rebel Restoration's size and the level of financial commitments held. We have financial controls in place to ensure no grant is awarded until funds are in Rebel Restoration’s bank account, thereby minimising risk to our grantees and that reserves of 3-months operating costs are retained to ensure Rebel Restoration will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees are developing a financial framework to enable multi-year grants whilst continuing to minimise the financial risk to our grantees so will be targeting an increase in operational reserves to 6 months and the development of an endowment style fund to provide longer term financial resilience. The Trustees will endeavour not to set aside funds unnecessarily within this framework. 15 ## **REBEL RESTORATION** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30TH SEPTEMBER 2024** ## **18. PUBLIC BENEFIT** Rebel Restoration acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how Rebel Restoration has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities Rebel Restoration should undertake. 16 ## **REBEL RESTORATION** (Charitable Incorporated Organisation) ## **INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS** Report to the trustees/ members of Rebel Restoration on the accounts for the year ended 30th September 2024 set out on pages 6 to 16. ## **Respective responsibilities of trustees and examiner** The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the Charities Act, - follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and - state whether particular matters have come to my attention ## **Basis of independent examiner’s statement** My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. ## **Independent examiner's statement** The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Association of Accounting Technicians. In connection with my examination, no matter has come to my attention: 1. which gives me reasonable cause to believe that in any material respect, the requirements: - to keep accounting records in accordance with section 130 of the Charities Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. K. Collaku MAAT Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ Date: 9th May 2025 17