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REGISTERED COMPANY NUMBER: SC264341 (Scotland)
REGISTERED CHARITY NUMBER: SC035896














Report of the Trustees and

Unaudited Financial Statements For The Year Ended 31 March 2024

for

ReBoot (Moray Computer Recycling)

ReBoot (Moray Computer Recycling)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Report of the Trustees 1 to 4

Independent Examiner's Report 5

Statement of Financial Activities 6

Balance Sheet 7 to 8

Notes to the Financial Statements 9 to 15

ReBoot (Moray Computer Recycling) (Registered number: SC264341)

Report of the Trustees
For The Year Ended 31 March 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The purpose of the charity is to take redundant IT equipment and either refurbish it to provide quality computer systems to groups or individuals who would otherwise be excluded from these items or, where re-use is not possible, to ensure that times are recycled in the most environmentally friendly way possible.

The charity has the power to invest surplus funds as it believes appropriate.

The charity has a volunteer workforce of around 41 people of varying backgrounds and employment status. They assist in the collection, assessment, refurbishment and recycling of all IT equipment that is received for processing.


ReBoot (Moray Computer Recycling) (Registered number: SC264341)

Report of the Trustees
For The Year Ended 31 March 2024

ACHIEVEMENT AND PERFORMANCE
ReBOOT (Moray Computer Recycling), through its subsidiary ReBOOT Trading (Moray) Ltd, offers a range of services including IT recycling, sales of refurbished IT equipment, computer repairs and upgrades, and secure hard drive data sanitisation and destruction.

ReBOOT Trading (Moray) Ltd continues to support the activities of the charity. As a wholly owned subsidiary, all profits generated are passed back to the charity, allowing us to focus on providing volunteering opportunities and training for the local community.

Achievements Over the Financial Year (April 2023 to March 2024)

IT Equipment Processed: A total of 25,729 units of various types of IT equipment were received, equating to 102.25 tons. The processing identifies items suitable for reuse and refurbishment, while those with no reuse value are managed in compliance with current WEEE legislation.
Volunteering: Local community members contributed over 6,813 hours of voluntary support last year. We provided 41 voluntary placements, including roles for Directors, Drivers, and Workshop Support. Additionally, 10 placements were offered to individuals requiring extra support.
Donations: We donated IT hardware to 118 people or companies, totalling 149 items which included our partnership collaborations with organisations such as Moray Council, DWP, Enable, Moray Wellbeing Hub, Sacro, and Salvation Army, supported by the Just Transition Fund, New Bold Legacy Trust, Moray Local Action Group, TSI, Moray and Moray CAN enabling us to take direct referrals for individuals unable to purchase devices.

Community and Development Initiatives

Sensory Space: Our new sensory space in the rear yard is now complete, providing a safe and calm area for reflection and relaxation. We will continue to enhance this space with more planting and creative upcycling of waste IT hardware.
King's Award for Voluntary Service: 2023/2024 was a landmark year for ReBOOT, marked by receiving the prestigious King's Award for Voluntary Service. HRH Princess Anne presented the award at our premises in Forres, touring the facilities and meeting with our volunteers.
Recognition from DYW Moray: We were recognised for our support in inspiring young people in the region to prepare for the world of work through work placements and interactive tours.

Plans for the Future
As our current business plan concludes, we are developing a new three-year blueprint with support from HIE. Our goals include:
Website Refresh: Updating our website to better serve our community and stakeholders.
Service Expansion: Investigating the skills, knowledge, and hardware required to grow our repair services, thus saving more technology from recycling and channelling it into reuse.
Data Destruction Service Review: Researching the need for witnessed data destruction through direct customer consultation.
Community Donations: Continuing to provide devices to vulnerable individuals locally and beyond. We aim to secure more funding to support those affected by the digital divide, leveraging our Supportive Solutions funded device program.
Infrastructure Improvement: Enhancing our broadband capabilities, renewing our phone system to meet modern requirements, and maintaining and updating our workshop spaces.

Through these initiatives, ReBOOT is committed to ensuring a sustainable future for the charity, continuing our community support, and protecting the environment.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.


ReBoot (Moray Computer Recycling) (Registered number: SC264341)

Report of the Trustees
For The Year Ended 31 March 2024


STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
ReBOOT (Moray Computer Recycling) is a recognised charity, number SC035896. It is a company limited by guarantee, not having a share capital and is governed by the rules set out in its Memorandum and Articles of Association.

The manager and existing trustees generally identify potential new trustees through networking events, word of mouth and local knowledge. Other avenues used to identify new people are through our memberships of such organisations as TSi Moray, SCVO and CRNS.

When a potential trustee is identified, they are approached by the manager, and invited to visit the premises in Forres. The Manager gives them an insight into ReBOOT and invites them to ask any questions. If the individual's interested in being a trustee they must fill in a nomination form which is submitted to the Board of Directors for approval. Upon approval the individual is asked to fill in a volunteer application and membership form. They would then be invited to the next meeting of trustees.

The trustees have assessed the major risks to which the charity is exposed. The trustees have identified that financial stability is the major risk facing the charity and have put in place contingencies for funding the charity in the future.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC264341 (Scotland)

Registered Charity number
SC035896

Registered office
9 Greshop Road
Greshop Industrial Estate
Forres
Moray
IV36 2GU

Trustees
Ms E V Bush
Ms C A McAllister
Ms K Wallace
Mr S Fawcett
Mr G Morris

Company Secretary
Mr L A K McGrath

Independent Examiner
Alan Long FCA
Cathedral Accountancy
4 North Guildry Street
Elgin
Moray
IV30 1JR

Bankers
The Royal Bank of Scotland
209 High Street
Elgin
Moray
IV30 1DL

ReBoot (Moray Computer Recycling) (Registered number: SC264341)

Report of the Trustees
For The Year Ended 31 March 2024


Approved by order of the board of trustees on 22 August 2024 and signed on its behalf by:





Ms E V Bush - Trustee

Independent Examiner's Report to the Trustees of
ReBoot (Moray Computer Recycling)

I report on the accounts for the year ended 31 March 2024 set out on pages six to fifteen.

Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. 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 you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement
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 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
- to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations

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.








Alan Long FCA
The Institute of Chartered Accountants in England and Wales

Cathedral Accountancy
4 North Guildry Street
Elgin
Moray
IV30 1JR

22 August 2024

ReBoot (Moray Computer Recycling)

Statement of Financial Activities
For The Year Ended 31 March 2024

31.3.24 31.3.23
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 49,493 18,902 68,395 65,503

Charitable activities
General 100 - 100 100

Investment income 2 60 - 60 67
Total 49,653 18,902 68,555 65,670

EXPENDITURE ON
Charitable activities
General 62,834 18,668 81,502 84,668

Other - - - 1,714
Total 62,834 18,668 81,502 86,382

NET INCOME/(EXPENDITURE) (13,181 ) 234 (12,947 ) (20,712 )


RECONCILIATION OF FUNDS
Total funds brought forward 52,026 1,974 54,000 74,712

TOTAL FUNDS CARRIED FORWARD 38,845 2,208 41,053 54,000

ReBoot (Moray Computer Recycling) (Registered number: SC264341)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 6,368 - 6,368 8,491
Social investments 8 1 - 1 1
6,369 - 6,369 8,492

CURRENT ASSETS
Debtors 9 35,947 - 35,947 43,617
Cash at bank and in hand 1,257 2,208 3,465 5,059
37,204 2,208 39,412 48,676

CREDITORS
Amounts falling due within one year 10 (4,728 ) - (4,728 ) (3,168 )

NET CURRENT ASSETS 32,476 2,208 34,684 45,508

TOTAL ASSETS LESS CURRENT
LIABILITIES

38,845

2,208

41,053

54,000

NET ASSETS 38,845 2,208 41,053 54,000
FUNDS 12
Unrestricted funds 38,845 52,026
Restricted funds 2,208 1,974
TOTAL FUNDS 41,053 54,000

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


ReBoot (Moray Computer Recycling) (Registered number: SC264341)

Balance Sheet - continued
31 March 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 22 August 2024 and were signed on its behalf by:





Ms E V Bush - Trustee

ReBoot (Moray Computer Recycling)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it 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 accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Plant and machinery - 25% on reducing balance

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.


ReBoot (Moray Computer Recycling)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

2. INVESTMENT INCOME
31.3.24 31.3.23
£    £   
Deposit account interest 60 67

3. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.24 31.3.23
£    £   
Depreciation - owned assets 2,123 2,830

4. TRUSTEES' REMUNERATION AND BENEFITS

No trustees received remuneration of £60,000 or more in 2024 or 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.


5. STAFF COSTS

The average monthly number of employees during the year was as follows:

31.3.24 31.3.23
Employees 6 6

No employees received emoluments in excess of £60,000.

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 45,247 20,256 65,503

Charitable activities
General 100 - 100

Investment income 67 - 67
Total 45,414 20,256 65,670

EXPENDITURE ON
Charitable activities
General 51,793 32,875 84,668

Other 1,714 - 1,714
Total 53,507 32,875 86,382


ReBoot (Moray Computer Recycling)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund funds funds
£    £    £   
NET INCOME/(EXPENDITURE) (8,093 ) (12,619 ) (20,712 )
Transfers between funds 6,577 (6,577 ) -
Net movement in funds (1,516 ) (19,196 ) (20,712 )

RECONCILIATION OF FUNDS
Total funds brought forward 53,542 21,170 74,712

TOTAL FUNDS CARRIED FORWARD 52,026 1,974 54,000

7. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023 and 31 March 2024 28,944
DEPRECIATION
At 1 April 2023 20,453
Charge for year 2,123
At 31 March 2024 22,576
NET BOOK VALUE
At 31 March 2024 6,368
At 31 March 2023 8,491

8. SOCIAL INVESTMENTS
Other
investments
£   
MARKET VALUE
At 1 April 2023 and 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1


ReBoot (Moray Computer Recycling)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,185 1,389
Other debtors 328 294
ReBoot Trading 34,434 41,934
35,947 43,617

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 715 721
Social security and other taxes 1,421 781
Wages and salaries 23 21
Other creditors 784 -
Accrued expenses 1,785 1,645
4,728 3,168

11. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.24 31.3.23
£    £   
Within one year 7,740 7,320

12. MOVEMENT IN FUNDS
Net
movement At
At 1.4.23 in funds 31.3.24
£    £    £   
Unrestricted funds
General fund 52,026 (13,181 ) 38,845

Restricted funds
Garden fund 1,974 (1,024 ) 950
Funded posts - 1,258 1,258
1,974 234 2,208
TOTAL FUNDS 54,000 (12,947 ) 41,053

ReBoot (Moray Computer Recycling)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

12. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 49,653 (62,834 ) (13,181 )

Restricted funds
Garden fund - (1,024 ) (1,024 )
Funded posts 18,902 (17,644 ) 1,258
18,902 (18,668 ) 234
TOTAL FUNDS 68,555 (81,502 ) (12,947 )


Comparatives for movement in funds

Net Transfers
movement between At
At 1.4.22 in funds funds 31.3.23
£    £    £    £   
Unrestricted funds
General fund 53,542 (8,093 ) 6,577 52,026

Restricted funds
Garden fund 6,000 (4,026 ) - 1,974
Supportive Solutions Project 4,745 1,115 (5,860 ) -
Funded posts 10,425 (9,708 ) (717 ) -
21,170 (12,619 ) (6,577 ) 1,974
TOTAL FUNDS 74,712 (20,712 ) - 54,000

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 45,414 (53,507 ) (8,093 )

Restricted funds
Garden fund - (4,026 ) (4,026 )
Supportive Solutions Project 3,245 (2,130 ) 1,115
Funded posts 17,011 (26,719 ) (9,708 )
20,256 (32,875 ) (12,619 )
TOTAL FUNDS 65,670 (86,382 ) (20,712 )

ReBoot (Moray Computer Recycling)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

12. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net Transfers
movement between At
At 1.4.22 in funds funds 31.3.24
£    £    £    £   
Unrestricted funds
General fund 53,542 (21,274 ) 6,577 38,845

Restricted funds
Garden fund 6,000 (5,050 ) - 950
Supportive Solutions Project 4,745 1,115 (5,860 ) -
Funded posts 10,425 (8,450 ) (717 ) 1,258
21,170 (12,385 ) (6,577 ) 2,208
TOTAL FUNDS 74,712 (33,659 ) - 41,053

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 95,067 (116,341 ) (21,274 )

Restricted funds
Garden fund - (5,050 ) (5,050 )
Supportive Solutions Project 3,245 (2,130 ) 1,115
Funded posts 35,913 (44,363 ) (8,450 )
39,158 (51,543 ) (12,385 )
TOTAL FUNDS 134,225 (167,884 ) (33,659 )

13. RELATED PARTY DISCLOSURES

ReBOOT Trading (Moray) Ltd is a wholly owned subsidiary of ReBOOT (Moray Computer Recycling).

As at 31 March 2023 and 31 March 2024 the trading company owed the charity £10,784. This loan is interest free and there are no fixed terms of repayment.

At 31 March 2024 the trading company owed the charity £23,650 in respect of donations due (2023 £31,150).

The charity provided services amounting to £1,735 (2023 £1,549) to the trading company and the charity received services from the trading company amounting to £4,959 (2023 £3,827).


ReBoot (Moray Computer Recycling)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

14. INVESTMENT IN SUBSIDIARY

The charity's subsidiary undertaking at 31 March 2024 was ReBOOT Trading (Moray)
Limited a company registered in Scotland having its registered office at 9 Greshop Road,
Greshop Industrial Estate, Forres, Moray, IV36 2GU. The charity owns 100% of the issued
share capital of the company.The following information has been extracted from the financial
statements of ReBOOT Trading (Moray) Limited as at 31 March 2024:




£
Turnover 104,757
Government grants received 32,857
Cost of sales 53,848
Administrative expenses 24,681
Donations to ReBoot (Moray Computer Recycling) 48,500
Profit for the year 337
Assets 64,844
Liabilities 64,839
Shareholder funds 5

The investment in the subsidiary company, which is an unlisted investment,
is stated at the trustees valuation based on the financial statements of the
subsidiary company.