**Charity number: 1205073**
## **The Sustainable Society Trust**
## **(A Charitable Incorporated Organisa�on)**
## **TRUSTEES’ REPORT AND FINANCIAL STATEMENTS**
**FOR THE PERIOD ENDED 31 August 2024**
The Sustainable Society Trust Trustees’ Report and Financial Statements – Period Ended 31 August 2024 CONTENTS
||**Page**|
|---|---|
|**Reference and Administra�ve Details**|**3**|
|**Trustees’ Report**|**4**|
|**Statement of Financial Ac�vi�es**|**6**|
|**Balance Sheet**|**7**|
|**Notes to the Financial Statements**|**8**|
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The Sustainable Society Trust Trustees’ Report and Financial Statements – Period Ended 31 August 2024 REFERENCE AND ADMINISTRATIVE DETAILS
**Charity number 1205073 16 Devonshire Park Registered Office Reading RG2 7DX Trustees James Dewar (Chair) Christopher Gordon Simon Pither Bankers Co-Opera�ve Bank**
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The Sustainable Society Trust Trustees’ Report and Financial Statements – Period Ended 31 August 2024 TRUSTEES’ REPORT
## Introduc�on
Sustainable Society Trust covering the period from 5 October 2023 to 31 August 2024.
## Objec�ves
further such exclusively charitable purposes according to the law of England and Wales as the charity trustees in their absolute discre�on from �me to �me determine.
## Grant Making Policy
The Sustainable Society Trust (SST) was established to provide sustainable funding to chari�es and non-profit or voluntary organisa�ons in the United Kingdom undertaking charitable ac�vi�es according to the law. By ‘sustainable funding’ the Trustees mean that SST’s funding model aims to provide regular dona�on income for the medium to long-term to organisa�ons once they are receiving funding from SST.
## Trustees
Ini�al Trustees were appointed during the applica�on process in Q3/4 2023 and there were no changes during this repor�ng period. All Trustees give their �me voluntarily and receive no benefits from the charity for ac�ng as a Trustee.
## Financial Review
During the repor�ng period SST received dona�ons totalling £8,000 from the Trustees. SST has not yet a�empted to raise dona�ons from members of the public or other organisa�ons beyond the group of Trustees. SST had zero outgoings during the period.
then it may seek to raise further funds.
## Independent examina�on / audit
exemp�on from the need for independent examina�on and audit. During the period SST’s transac�ons only involved the receipt and investment of funds from the Trustees. Based on the materiality and volume of transac�ons the Trustees agreed that SST take advantage of the exemp�on in this period.
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The Sustainable Society Trust Trustees’ Report and Financial Statements – Period Ended 31 August 2024 TRUSTEES’ REPORT
## Ac�vi�es
The Trustees have responded to several organisa�ons seeking funding. In most cases the reason SST has been unable to provide grants is that based on its grant making policy and its exis�ng funding source it is unable to provide capital grants. As stated above SST’s aim is to provide steady medium to long-term income to recipients.
during the course of their business and social ac�vi�es. There are a number of poten�al recipients in the pipeline. The Trustees welcome approaches by email from organisa�ons fi�ng our Objec�ves seeking income in accordance with our Grant Making Policy.
During the repor�ng period the Trustees prepared a number of policy and procedure documents covering areas such as Financial Controls, Investment Policy, Financial Reserves and
Approved by the Board of Trustees on 06/06/2025 and signed on its behalf by
James Dewar Chair of Trustees
6 June 2025
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## The Sustainable Society Trust Trustees’ Report and Financial Statements – Period Ended 31 August 2024 STATEMENT OF FINANCIAL ACTIVITIES
For the period 5 October 2023 – 31 August 2024
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Table 1: Statement of financial activities
Restricted Endowment
Unrestricted funds Total funds
funds funds
£ £
£ £
Notes
Income and endowments from:
Donations and legacies 2 8,000 8,000
Charitable activities
Other trading activities
Investments
Other
Total 8,000 8,000
Expenditure on:
Raising funds
Charitable activities
Other
Total 3 0 0
Net gains/(losses) on investments
Net income/(expenditure) 8,000 8,000
Transfers between funds
Other recognised gains/(losses):
Gains/(losses) on revaluation of fixed assets 4 2,417 2,417
Other gains/(losses)
Net movement in funds 10,417 10,417
Reconciliation of funds:
Total funds brought forward
Total funds carried forward 10,417 10,417
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## The Sustainable Society Trust Trustees’ Report and Financial Statements – Period Ended 31 August 2024 BALANCE SHEET
## As at 31 August 2024
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Table 2: Balance sheet
Note Total Prior year
ref. funds funds
£ £
Fixed assets:
5 Intangible assets 9,937 N/A
Tangible assets
Heritage assets
Investments
Total fixed assets 9,937 N/A
Current assets:
Stocks
Debtors
Investments
Cash at bank and in hand 480 N/A
Total current assets 480 N/A
Liabilities:
Creditors: Amounts falling due within one year
Net current assets or liabilities 480 N/A
Total assets less current liabilities 10,417 N/A
Creditors: Amounts falling due after more than one year
Provisions for liabilities
Total net assets or liabilities 10,417 N/A
The funds of the charity:
Endowment funds
Restricted income funds
Unrestricted funds 8,000 N/A
4 Revaluation reserve 2,417 N/A
Total unrestricted funds 10,417 N/A
Total charity funds 10,417 N/A
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The Sustainable Society Trust Trustees’ Report and Financial Statements – Period Ended 31 August 2024 NOTES TO THE FINANCIAL STATEMENTS
## **1 Accoun�ng policies**
The principal accoun�ng policies are set out below.
## **1.1 Basis of prepara�on**
Accoun�ng and Repor�ng by Chari�es: Statement of Recommended Prac�ce applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102) (effec�ve 1 January 2019), the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102) and the Chari�es Act 2011.
recognised at historical cost or transac�on value unless otherwise stated in the relevant accoun�ng policy.
of the Charity. Monetary amounts in the financial statements are rounded to the nearest £1.
## **1.2 Going concern**
that the Charity has adequate resources to con�nue in opera�onal existence for the foreseeable future. Thus the Trustees con�nue to adopt the going concern basis of accoun�ng in preparing
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The Sustainable Society Trust Trustees’ Report and Financial Statements – Period Ended 31 August 2024 NOTES TO THE FINANCIAL STATEMENTS
## **1.3 Intangible Assets**
As laid out in the Charity’s Investment and Financial Reserves policies, the Charity has chosen Bitcoin as its primary reserve asset. The classifica�on of Bitcoin as an intangible asset has been made following Sec�on 18 of FRS 102 and ICAEW technical guidance regarding cryptocurrencies under FRS 102.
In accordance with paragraph 10.22 of the Chari�es SORP (FRS 102) the Charity ini�ally measures intangible fixed assets at cost.
The Charity has opted to use the revalua�on model for Bitcoin at the Balance Sheet date as set out in paragraph 18.18 of FRS 102. Subparagraphs 18.18B-18.18H of FRS 102 set out the requirements for intangible assets using the revalua�on model. The Trustees have determined that Bitcoin meets the requirement in subparagraph 18.18B in that it has an ac�ve market. This is based on the observa�on that Bitcoin has an ac�ve, liquid global market that operates 24 hrs a day, 365 days a year.
The accounts and repor�ng disclosures follow the guidance laid out in Paragraphs 10.18-24 of the Chari�es SORP (FRS 102).
## **1.4 Fund Structure**
Unrestricted income funds are general funds that are available for use at the Trustees' discre�on in furtherance of the objec�ves of the charity. The unrestricted general fund handles all dona�ons and other income, pays some grants to chari�es and covers all management and administra�on costs.
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The Sustainable Society Trust Trustees’ Report and Financial Statements – Period Ended 31 August 2024 NOTES TO THE FINANCIAL STATEMENTS
## **2 Dona�ons and legacies**
During the period the Charity received dona�ons totalling £8,000 from the Trustees. In accordance with the Charity’s Investment and Financial Reserves policies, on 31 January 2025 the Charity purchased a total of 0.22114313 Bitcoin for £7,520 including fees.
## **3 Expenditure**
During the period the Trustees have provided their �me, skills and any incidental expenses for free. The Charity has no liabili�es as at 31 August 2024 and it has been able to complete all ac�vi�es without incurring any expenses.
##
The price of Bitcoin used in the valua�on was the Coinbase BTC-GBP Spot price as at 31 August 2025 23:59:59 UTC. This is £44,935.24 per Bitcoin. No independent valuer was required.
## **Valua�on method**
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Quantity of Bitcoin held 0.22114313
Bitcoin price as at 31 August 2024 £44,935.24
Value as at 31 August 2024 £9,937.12
Less Purchase Price -£7,520.00
Gain on Revaluation £2,417.12
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## **5 Intangible assets**
## **Reconcilia�on analysis of Intangible Assets**
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At valuation 31 August 2024
Basis of capitalisation: Bitcoin
£
Carrying amount at beginning of the reporting period 0
Purchases 7,520
Donations 0
Disposals 0
Grants made 0
Depreciation/impairment 0
Revaluation 2,417
Carrying amount at the end of the reporting period 9,937
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Had the Bitcoin been carried under the cost model then the carrying value that would have been recognised as at 31 August 2024 would have been £7,520.
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