2022-12-31-accounts - Breadline

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DREADLINE

Financial Statements for the Year Ending

31st December 2022

Index

Directors’ Report - Financial Information...........................12
Directors’ Report - Trustees responsibility.........................13
Statement of Financial Activities (SOFA)............................14
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Notes to theAccounts (1 -2)............. 0...ccccceccecececeesensereseene I B
Notes to the AcCOUNtS (3 = 8)......cceccccesscvesscccreccvexersiesennsnenslF
IndependentExaminer’sReport...............cccccececcececcececeeeeI®

BREADLINE2 IC

Directors’ Report

Financial Information

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|||||| |---|---|---|---|---| |Financial|Review|Year Ending:|2022|2021| |Income|451,382|223,665| |Expenditure|382,954|208,302| |Deficit/Surplus|£68,428|£15,363|

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|||||| |---|---|---|---|---| |Funds and reserves|As|of 3ist December|Total|Total| |2022|2021| |Restricted|Funds|149,851|86,839| |Unrestricted|funds|24,286|18,870| |Reserves|carried forward|£174,137|£105,709|

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Tangible Fixed Assets

The Charity owned no tangible fixed assets at 31st December 2022 (2021 - Nil)

Investments

The Charity has powers to invest moneys not immediately required in investments such as property or in such matter as they see fit. There was no such investments at 31st December 2022 (2021 - Nil)

Risk Management

The major risks to which the Charity is exposed have been reviewed and have been established to mitigate those risks.

Trustees

The Trustees are the Directors of Breadline, Registered Company No. 3303140 and Registered Charity No. 1060661 The names of the Trustees who served during the year are shown on page 3 of the main report. There were no other trustees. Trustees are appointed by resolution of existing trustees, subject to re-election at the following AGM and by rotation thereafter.

BREADLINE

Directors’ Report

Trustees' Responsibilities

The Trustees are required by law to prepare Financial Statements for each financial year which give a true and fair view of the financial activities of the charity and of the financial position at the end of the year.

In preparing the Financial statements the Trustees are required to:

Select suitable accounting policies and apply them consistently.
Make judgements and estimates that are reasonable and prudent.
State whether the policies adopted are in accordance with the Companies Act 2006 and with applicable accounting standards and statements of recommended practice, subject to any material departures disclosed and explained in the

Financial Statements.

4, Prepare the Financial Statements on a going concern basis, unless it is inappropriate to assume that the charity will continue in operation.

Keep proper accounting records which disclose with reasonable accuracy at any time the Financial position of the Charity, and ensure that the Financial Statements comply with the relevant legislation.
The Trustees are also responsible for safeguarding the assets of the charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approval

The above Directors’ Report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

This report was approved by the Trustees ONn..............ccccceceeceeceseceeceucceus and signed on their behalf by:

lan Hames

Date 1st July 2023

Chairman

Statement of Financial Activities

Year ending 31st December 2022

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||||||||| |---|---|---|---|---|---|---|---| |Unrestricted|Restricted|Total|Funds|Total|Funds| |Funds|Funds|2022|2021| |Notes| |Incoming|resources:| |Voluntary|Income:| |Donations|and|Gifts|24,740|400,082|424,822|206,277| |Interest Receivable|822|822|300| |Income Tax|Reclaimed|15,855|9,883|25,739|17,088| |Total|Incoming|Resources|£41,417|£409,965|£451,382|£223,665| |Resources|Expended:| |Cost|of|Generating|Funds:| |Fundraising|and|Publicity|3|10,921|-|10,921|10,399| |Charitable|Activities| |Partner Support|-|Grants|5,095|346,953|352,048|177,927| |Partner Support|- Services|3|9,942|~|9,942|10,399| |Governance|Cost|3|10,043|-|10,043|9,577| |Total|Resources|Expended|£36,001|£346,953|£382,954|£208,302| |Net Surplus/Deficit for the year|£5,416|£63,012|£68,428|£15,363| |Total|Funds brought forward|18,870|86,839|105,709|90,346| |Total funds carried forward|£24,286|£149,851|£174,137|£105,709|

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NB The charity has no gains or losses other than those in the figures above. The notes on pages 16 - 17 form part of these accounts

BREADLINE

Balance Sheet

		As at:	31/12/2022	31/12/2021
		Notes
CurrentAssets -	Debtors	4	5,577	1,956
	Cash at Bank		169,427	104,438
Total CurrentAssets			£175,004	£106,394
Current Liabilities
Creditors: amounts falling due within oneyear		5	867	685
NetAssets			£174,137	£105,709
Funds:
Represented by:
Restricted funds			149,851	86,839
Unrestricted funds			24,286	18,870
		2	£174,137	£105,709

These Accounts have been prepared in accordance with the special provisions relating to small companies within part 15 of the Companies Act 2006 For the Financial year ended 31st December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. No notice has been deposited under Section 476 The Trustees acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 [of the Act] and for preparing accounts which give a true and fair view of the state of the affairs of the company as at the end of the Financial year and of it's Profit and Loss for the Financial year in accordance with the requirements of sections 394 and 395 of the Companies Act 2006 relating to accounts, so far as applicable to the company.

The Financial statements were approved by the Trustees on and signed on their behalf by

an HgMmop Chairman

Date: 1st July 2023

BREADLINE2T.C ; fe

Notes to the Accounts

Year Ending 31st December 2022

1. Accounting Policies

(a) The Accounts are prepared under the Historical Cost convention and include the results of the charity's operations, which are described in the Trustees’ report, all of which are continuing.

The Accounts have been prepared in accordance with:

the Statement of Recommended Practice (Revised 2005),

the 2008 Regulations (The Charities Act [Accounts and Reports] Regulations) and with applicable. Accounting standards which comply with the Companies Act 2006.

(b) All Incoming resources are accounted for on a cash received basis, with the exception of tax claimed under Gift Aid which is shown as debtors on the balance sheet.

(c) Resources expended are accounted for on an accruals basis. Resources expended, other than grants made, are analysed as appropriate to the Charity.

(d) No items of capital equipment have been bought during the year. (2021 - Nil)

(e) Unrestricted funds are expendable at the discretion of the Trustees in furtherance of the Charity's objectives.

(f) Restricted funds are those for which the use has been restricted to a specific purpose by the Donor and are separately accounted for.

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|||||||| |---|---|---|---|---|---|---| |2.|Statement|of Funds|at:|31st December|2022|2021| |Notes| |Restricted|Funds|149,851|86,839| |Unrestricted|Funds|24,286|18,870| |Net Assets as per Balance|Sheet|£174,137|£105,709|

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BREADLINE

Notes to the Accounts continued

3. Cost of Generating Funds

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||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |Fundraising|Partner|Governance|_|Total 2022|Total 2021| |and|Publicity|Support|and| |Management| |Salaries|9,339|9,340|-|18,679|20,480| |Travelling|Expenses|1,582|602|~|2,184|318| |Governance|-|-|10,043|10,043|9,577| |Total|£10,921|£9,942|£10,043|£30,906|£30,375| |4.|Debtors|2022|2021| |Tax|recoverable from|Gift|-Aid|£5,577|£1,956| |5.|Creditors:|Amounts|falling|due|within|one year|2022|2021| |Sundry|Creditors|and|Accruals|867|497| |PAYE|and|National|Insurance|-|188| |£867|£685| |6.|Taxation| |The|Charity|is|not|liable|for|Income Tax|or|Corporation|Tax|on|income| |derived|from|Charitable|Activities|as|these|fall|into|various|exemptions| |to|Charities.| |7.|Employees|2022|2021| |The|Charity|had|one employee whose|renumeration was as follows|£18,679|£20,480| |8. Trustees|interests:|2022|2021| |Trustee|Rachel Samways received|fees|for her services as treasurer.|£6,440|£5,740|

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BREADLINE

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF BREADLINE

| report on the accounts for the year ended 31 December 2022 set out on pages 11 - 18.

Respective responsibilities of trustees and independent examiner

The Trustees (who are also Directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity's Trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) and that independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility:

- to examine the accounts under section 43 of the 1993 Act;
- to follow the procedures laid down in the General Directions given by the Charity Commission under section 43 (7) of the 1993 Act; and to state whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commission. 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 of explanations from you as Trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

which gives me reasonable cause to believe that, in any material respect, the requirements to keep accounting records in accordance with section 386 of the Companies Act 2006; and to prepare accounts which accord with the accounting records, comply with the accounting requirements of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities (revised 2005) have not been met; or
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Date:

Alan Deans

2 Wingate Close Kettering Northants NN15 5BD