REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements For The Year Ended 31 March 2024 |
for |
ReBoot (Moray Computer Recycling) |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
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 |
Registered Charity number |
Registered office |
Trustees |
Company Secretary |
Independent Examiner |
Alan Long FCA |
Cathedral Accountancy |
4 North Guildry Street |
Elgin |
Moray |
IV30 1JR |
Bankers |
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 |
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 |
Charitable activities |
Investment income | 2 |
Total |
EXPENDITURE ON |
Charitable activities |
Other |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 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 |
Social investments | 8 |
CURRENT ASSETS |
Debtors | 9 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 10 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 12 |
Unrestricted funds | 52,026 |
Restricted funds | 1,974 |
TOTAL FUNDS | 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 |
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 | - |
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 |
3. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
31.3.24 | 31.3.23 |
£ | £ |
Depreciation - owned assets |
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. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
fund | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities |
Investment income |
Total |
EXPENDITURE ON |
Charitable activities |
Other |
Total |
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) | ( |
) | ( |
) | ( |
) |
Transfers between funds | 6,577 | (6,577 | ) | - |
Net movement in funds | ( |
) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 53,542 | 21,170 |
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 |
DEPRECIATION |
At 1 April 2023 |
Charge for year |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
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 |
Other debtors |
ReBoot Trading | 34,434 | 41,934 |
10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Trade creditors |
Social security and other taxes |
Wages and salaries | 23 | 21 |
Other creditors |
Accrued expenses |
11. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
31.3.24 | 31.3.23 |
£ | £ |
Within one year |
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 |
234 |
TOTAL FUNDS | (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 |
( |
) | 234 |
TOTAL FUNDS | ( |
) | (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. |