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BOOTSTRAP COMPANY LIMITED

Registered charity 275489 · accounts filings on the Charity Commission register · also known as BOOTSTRAP COMPANY · listed website unreachable when last crawled · filing overdue (register status)

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Latest income
£2.2m
Latest spending
£2.9m
Registered
1978
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net loss of £688,907 for the year ended 31 March 2024, resulting in consolidated net liabilities of £95,648. The trustees have identified a material uncertainty regarding the charity's ability to continue as a going concern due to these net liabilities and ongoing refinancing talks, although they maintain that the accounts are prepared on a going concern basis.

What the accounts disclose

Reserves policy: a measured approach to building reserves balancing the commitment of investment to maximising social impact
“There was no change to reserves policy stated in the previous year, which was that the board decided to take a measured approach to building reserves balancing the commitment of investment to maximising social impact.”
Per its FY2024 accounts as filed with the Charity Commission.
Going concern: material uncertainty disclosed
“We draw attention to note 2.2 in the financial statements. At the balance sheet date, the Group reported current liabilities of £2,561,600 and was in a net liability position of £95,648, indicating that total liabilities exceeded total assets by this amount. As stated in note 2.2, these events or conditions, along with the other matters as set forth in the note 2.2, indicate that a material uncertainty exists that may cast significant doubt on the Group's or the parent charitable company's ability to continue as a going concern.” — page 8
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Kreston Reeves LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2024)

Total income
£2.2m
Total spending
£2.9m
Cost of raising funds
£93k
Reserves (reported)
£0
Employees
15

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Hackney

Income and spending

Financial year endIncomeSpending
31/03/2025——
31/03/2024£2.2m£2.9m
31/03/2023£2.0m£2.2m
31/03/2022£2.2m£2.6m
31/03/2021£1.9m£1.9m

Common questions

Is BOOTSTRAP COMPANY LIMITED financially healthy?

The accounts state that the charity reported a net loss of £688,907 for the year ended 31 March 2024, resulting in consolidated net liabilities of £95,648. The trustees have identified a material uncertainty regarding the charity's ability to continue as a going concern due to these net liabilities and ongoing refinancing talks, although they maintain that the accounts are prepared on a going concern basis. Its FY2024 accounts were audited by Kreston Reeves LLP.