**Charity number: 1205073**
## **The Sustainable Society Trust**
## **(A Charitable Incorporated Organisa�on)**
## **TRUSTEES’ REPORT AND FINANCIAL STATEMENTS**
**FOR THE PERIOD ENDED 31 August 2025**
The Sustainable Society Trust Trustees’ Report and Financial Statements – Period Ended 31 August 2025 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 2025 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 2025 TRUSTEES’ REPORT
## Introduc�on
The Trustees are pleased to present the Trustees’ Report and Financial Statements for The Sustainable Society Trust covering the period from 1 September 2024 to 31 August 2025.
## 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 no further dona�ons. 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 2025 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.
across 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.
on a monthly basis from SST on 1 September 2025. Although this fell outside of this report’s repor�ng period, the Trustees felt it may be informa�ve to include this update in the report.
Approved by the Board of Trustees on 12/05/2026 and signed on its behalf by
James Dewar Chair of Trustees
12 May 2026
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## The Sustainable Society Trust Trustees’ Report and Financial Statements – Period Ended 31 August 2025 STATEMENT OF FINANCIAL ACTIVITIES
## For the period 1 September 2024 – 31 August 2025
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Table 1: Statement of financial activities
Unrestricted funds Restricted Endowment Total funds Prior period
funds funds
£ £ £ £ Total funds
Notes
Income and endowments from:
Donations and legacies 2 0 0 8,000
Charitable activities
Other trading activities
Investments
Other
Total 0 0 8,000
Expenditure on:
Raising funds
Charitable activities
Other
Total 3 0 0 0
Net gains/(losses) on investments
Net income/(expenditure) 0 0 8,000
Transfers between funds
Other recognised gains/(losses):
Gains/(losses) on revaluation of fixed assets 4 7,800 7,800 2,417
Other gains/(losses)
Net movement in funds 7,800 7,800 10,417
Reconciliation of funds:
Total funds brought forward 10,417 10,417 0
Total funds carried forward 18,217 18,217 10,417
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## The Sustainable Society Trust Trustees’ Report and Financial Statements – Period Ended 31 August 2025 BALANCE SHEET
## As at 31 August 2025
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Table 2: Balance sheet
Note Total Prior year
ref. funds funds
£ £
Fixed assets:
5 Intangible assets 17,737 9,937
Tangible assets
Heritage assets
Investments
Total fixed assets 17,737 9,937
Current assets:
Stocks
Debtors
Investments
Cash at bank and in hand 480 480
Total current assets 480 480
Liabilities:
Creditors: Amounts falling due within one year
Net current assets or liabilities 480 480
Total assets less current liabilities 18,217 10,417
Creditors: Amounts falling due after more than one year
Provisions for liabilities
Total net assets or liabilities 18,217 10,417
The funds of the charity:
Endowment funds received
Restricted income funds received
Unrestricted funds received 8,000 8,000
4 Revaluation reserve 10,217 2,417
Total unrestricted funds 18,217 10,417
Total charity funds 18,217 10,417
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The Sustainable Society Trust Trustees’ Report and Financial Statements – Period Ended 31 August 2025 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 2025 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 2025 NOTES TO THE FINANCIAL STATEMENTS
## **2 Dona�ons and legacies**
During the period the Charity received no dona�ons.
## **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 2025 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 Coinmetrics.io closing USD price as at 31 August 2025 ($108,316.47) divided by the GBP/USD rate at that �me (1.3505). This is £80,204.72 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 2025 £80,204.72
Value as at 31 August 2025 £17,736.72
Less Purchase Price -£7,520.00
Gain on Revaluation £10,216.72
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## **5 Intangible assets**
## **Reconcilia�on analysis of Intangible Assets**
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At valuation 31 August 2025
Basis of capitalisation: Bitcoin
£
Carrying amount at beginning of the reporting period 9937
Purchases 0
Donations 0
Disposals 0
Grants made 0
Depreciation/impairment 0
Revaluation 7,800
Carrying amount at the end of the reporting period 17,737
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The Trustees would like to highlight that all Revalua�on gains are unrealised and that assets could be revalued down in future. Had the Bitcoin been carried under the cost model then the carrying value that would have been recognised as at 31 August 2025 would have been £7,520.
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