REWIRED.EARTH CIC

Company limited by guarantee

Company Registration Number:
13725544 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 1 December 2022

End date: 30 November 2023

REWIRED.EARTH CIC

Contents of the Financial Statements

for the Period Ended 30 November 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

REWIRED.EARTH CIC

Directors' report period ended 30 November 2023

The directors present their report with the financial statements of the company for the period ended 30 November 2023

Principal activities of the company

During the financial period from 1 December 2022 to 30 November 2023 we have undertaken various activities in pursuit of our company objectives. Our activities have benefited the community in the following ways: - We deployed the demand square survey tool to the public, in companies and at events, which provided the community with a voice on ESG matters and facilitated ESG discussions within the community. - We continued work with stakeholders to develop a straighforward and consistent way to measure performance against the UN SDGs and started to develop the key metrics. This is the first stage to getting organisations to report consistently on ESG matters so individuals have access to information to allow them to compare an organisation’s practices against their priorities.



Directors

The directors shown below have held office during the whole of the period from
1 December 2022 to 30 November 2023

Krysia Sturgeon
Rupert Alexander Pearce
Jeffrey Conrad Scott


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
29 December 2023

And signed on behalf of the board by:
Name: Krysia Sturgeon
Status: Director

REWIRED.EARTH CIC

Balance sheet

As at 30 November 2023

Notes 2023 13 months to 30 November 2022


£

£
Fixed assets
Tangible assets: 3 417 681
Total fixed assets: 417 681
Current assets
Cash at bank and in hand: 4,586 43,194
Investments:   0 0
Total current assets: 4,586 43,194
Prepayments and accrued income: 13,202 85,487
Creditors: amounts falling due within one year: 4 ( 24,850 ) ( 128,681 )
Net current assets (liabilities): (7,062) 0
Total assets less current liabilities: (6,645) 681
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (6,645) 681
Members' funds
Profit and loss account: (6,645) 681
Total members' funds: ( 6,645) 681

The notes form part of these financial statements

REWIRED.EARTH CIC

Balance sheet statements

For the year ending 30 November 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 29 December 2023
and signed on behalf of the board by:

Name: Krysia Sturgeon
Status: Director

The notes form part of these financial statements

REWIRED.EARTH CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Depreciation is charged using the straight-line method over the useful life of the asset.

REWIRED.EARTH CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023 13 months to 30 November 2022
    Average number of employees during the period 0 0

REWIRED.EARTH CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2022 791 791
Additions
Disposals
Revaluations
Transfers
At 30 November 2023 791 791
Depreciation
At 1 December 2022 110 110
Charge for year 264 264
On disposals
Other adjustments
At 30 November 2023 374 374
Net book value
At 30 November 2023 417 417
At 30 November 2022 681 681

REWIRED.EARTH CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Creditors: amounts falling due within one year note

2023 13 months to 30 November 2022
£ £
Trade creditors 2,050 95,878
Accruals and deferred income 22,800 32,803
Total 24,850 128,681

Trade creditors relates to services provided to the company and invoiced during the financial year and such invoices were not paid as at 30 November 2023. Accrued expenditure relates to services provided to the company during the financial year and not yet invoiced at 30 November 2023.

COMMUNITY INTEREST ANNUAL REPORT

REWIRED.EARTH CIC

Company Number: 13725544 (England and Wales)

Year Ending: 30 November 2023

Company activities and impact

During the financial period from 1st December 2022 to 30 November 2023 we have undertaken various activities in pursuit of our company objectives. Our activities have benefited the community in the following ways: We implemented phase 2 of our roadmap which was to create a way for the community to communicate their environmental, social and governance (ESG) priorities using our demand square survey tool and platform. We deployed the MVP of the demand square survey tool in companies, with a government and at local, national and global events. This provided the community with a voice on ESG matters and facilitated ESG discussions within the community. We gathered the priorities of over 30,000 in 33 countries with the help of our partners and played that information back to our community. We worked with a number of large and small businesses to understand their current ESG data sources and reporting approaches to ensure the platform is being built is the most independent and easily accessible way. We have further developed the framework and methodology, and designed the initial technology, to transparently measure a company’s performance through their supply chain, against the UN SDGs and refining and expanding the key metrics working alongside other NGOs and businesses. This is critical to our mission to enable individuals to understand and compare an organisation’s practices against their priorities.

Consultation with stakeholders

Our stakeholders are investors, consumers, employees and citizens with an interest in reversing climate change, protecting ecosystems and supporting a sustainable society. We have regularly consulted with stakeholders. For example: We have held regular events (at least quarterly) with the stakeholders mentioned above, which we call the Rewired Earth Constellation. These enable everyone to understand progress made by the CiC, but also contribute feedback and ideas to the different project areas. We have also run a number of citizen assembly-type sessions with community groups both in the UK and internationally to understand how our purpose supports gives them a meaningful voice and how we could do more in the future. As before any interested parties can sign up on our website to receive updates and get involved in our activities. We have sent newsletters with information about our progress since incorporating and invited recipients to get in touch with suggestions. We developed the demand square survey tool that provides individuals with a way of telling investors, employers, governments and companies what their environmental, social and governance priorities are. The MVP for this has been shared broadly within our community and has been used at a number of large events, like London Climate Week, New York Climate Week, COP27 and One Young World. In response to this consultation, we continue to make changes to the demand square to make it more intuitive, easier to use, to provide more information on each of the sustainable development goals.

Directors' remuneration

During the financial period 1st December 2022 to 30 November 2023, the total amount paid to directors for their services was £93,498. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
30 August 2024

And signed on behalf of the board by:
Name: Rupert Pearce
Status: Director