**The Breakout Trust Registered Charity Number: 1070960**
**Trustees Annual Report and Accounts For the year ended 31[st] August 2021**
**The Breakout Trust**
**CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31[st] August 2021**
||Page|
|---|---|
|Report of the Trustees|1 to 2|
|Independent Examiner's Report|3|
|Receipts and Payments|4|
|Statement of Assets and Liabilities|5|
|Notes to the Accounts|6|
**The Breakout Trust**
## **REPORT OF THE TRUSTEES for the year ended 31[st] August 2021**
The trustees present their report and accounts for the year ended 31st August 2021. The trustees have opted, under section 133 of the Charities Act 2011 (‘the Charities Act’), to prepare receipts and payments accounts
## **Objectives and Aims**
- To advance the Christian faith in accordance with the Statement of beliefs in the United Kingdom or elsewhere as the trustees may from time to time think fit, and
- To relieve persons who are in conditions of need, hardship or who are aged or sick and
- To relieve the distress caused thereby In the United Kingdom or elsewhere as the trustees may from time to time think fit
-
## **Public benefit**
The Trustees have considered the Charity Commission guidance on public benefit and consider that the activities of the charity meet its charitable objectives and provide a benefit to the public.
## **Achievement and Performance**
## **Charitable activities**
The Trust continues to support evangelist, Steve Legg’s, ministry up and down the UK.
This was another unprecedented year with Steve’s speaking engagements for the year cancelled, though he was able to do a number of Zoom shows and appearances.
Steve also started his BackStory Podcast where he interviews well-known people – inside and outside the Church – on the moments that have shaped their lives. This continues to be a very appreciated and useful resource.
Due to lack of funds, cancelled subscriptions and advertisers cancelling ad campaigns due to Covid it was another tough 12 months for Sorted, his evangelistic men’s lifestyle magazine. We had to scale down free distribution but were still able to distribute free of charge to members of HM Armed Forces and 76 UK prisons.
## **Financial review**
The Charity had a deficit of £66 (2020: Surplus £87) for the year ended 31[st] August 2021. Income received was £43,804 (2020 £47,647) and expenditure of £43,870 (2020 £,47,560). Unrestricted funds at the year-end were £93 (2020: £159)
## **Availability and adequacy of assets of each of the funds**
The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.
## **Reserves policy**
The trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily.
## **Risk assessment**
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks
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**The Breakout Trust**
## **REPORT OF THE TRUSTEES for the year ended 31[st] August 2021**
## **Structure, Governance and Management**
## **Governing document**
The Breakout Trust is a charity constituted by trust deed dated 31st October 1997
The board of trustees meet regularly to discuss the work of The Breakout Trust. New trustees are elected by the existing trustees to the board after nomination and interview.
Financial reports are presented to the board at each meeting. Minutes of each meeting are taken and subsequently distributed.
## **Reference and Administration Details**
## **Registered name**
The Breakout Trust
## **Registered Charity number**
1070960
**Principal address** PO Box 3070 Littlehampton BN17 6WX
## **Chief Executive**
Steven Legg
**Trustees Name**
**Name Position Appointments/Resignations** Andreas Economides Chair Nigel Green Stephen Tucker Mark Johnson
## **Independent Examiner**
Magnus Proctor FFA Lindisfarne Landkey Road Barnstaple EX32 9BW
Approved by the board of trustees on 14[th] April 2022 and signed on its behalf by:
A. Economides A. Economides (Apr 26, 2022 10:31 GMT+1) .............................................
Andreas Economides, Chair
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## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BREAKOUT TRUST**
## **Independent examiner's report to the trustees of The Breakout Trust**
I report to the charity trustees on my examination of the accounts of The Breakout Trust for the year ended 31[st] August 2021.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
Signed:
Magnus Proctor FFA Fellow of the Institute of Financial Accountants Lindisfarne Landkey Road Barnstaple EX32 9BW
Date: 14[th] April 2022
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**The Breakout Trust**
## **RECEIPTS AND PAYMENTS for the Year ended 31[st] August 2021**
|**RECEIPTS AND PAYMENTS**
**for the Year ended 31st August 2021**||
|---|---|
|**Receipts**
Gifts and donations
Gift aid received
Sales
Grants
Other income
**Total receipts**
**Payments**
Cost of sales
Grants made
Administration
Rent
Telephone and internet
**Total payments**
**Net receipts / (payments)**
**Reconciliation of funds**
Transfer between funds
Total Funds brought forward
**Total Funds carried forward**|**2021**
**2020**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Total**
**Total**
**£**
**£**
**£**
**£**
17,698
21,615
39,313
40,287
4,030
0
4,030
5,682
1,663
0
1,663
1,663
47
0
47
0
414
0
414
15|
||22,189
21,615
43,804
47,647
3,496
21,615
25,111
29,949
6,230
0
6,230
8,000
11,429
0
11,429
7,716
1,895
0
1,895
1,895
1,100
0
1,100
0|
||22,255
21,615
43,870
47,560|
||(66)
0
(66)
87
0
0
0
0
159
0
159
72|
||**93**
**0**
**93**
**159**|
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**The Breakout Trust**
## **STATEMENT OF ASSETS AND LIABILITIES At 31[st] August 2021**
|**STATEMENT OF ASSETS AND LIABILITIES**
**At 31st August 2021**|||
|---|---|---|
|**Fixed Assets**
**Current Assets**
Debtors
Cash at bank
**Current Liabilities**
Creditors
**Total Assets less Liabilities**|**Unrestricted**
**funds**
**£**
0
0
93
(6,975)|**2021**
**2020**
**Restricted**
**funds**
**Total**
**Total**
**£**
**£**
**£**
0
0
0
0
0
19
0
93
159
0
(6,975)
(4,090)|
||(6,882)|0
(6,882)
0|
The financial statements were approved by the Board of Trustees on 14[th] April 2022 and were signed on its behalf by:
## A. Economides
> A. Economides (Apr 26, 2022 10:31 GMT+1) ............................................. Andreas Economides, Chair
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**The Breakout Trust**
## **1. Accounting Policies**
## **Basis of preparing the financial statements and assessment of going concern**
These accounts have been prepared on a receipts and payments basis as permitted by law for smaller charities.
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **2. Movement in Funds**
|General Fund
**Restricted:**
Sorted Magazine
**Total Funds**
**Unrestricted Funds**
General Fund
**Restricted:**
Sorted Magazine
**Total Funds**|**Balance**
**Income**
**Expenditure**
**Transfers**
**Balance**
**1st Sept 2020**
**31st Aug 2021**
159
22,189
(22,255)
0
93
0
21,615
(21,615)
0
0|
|---|---|
||159
43,804
(43,870)
0
93|
||**Balance**
**Income**
**Expenditure**
**Transfers**
**Balance**
**1st Sept 2019**
**31st Aug 2020**
72
23,153
(23,066)
0
159
0
24,494
(24,494)
0
0|
||72
47,647
(47,560)
0
159|
## **3. Trustee remuneration and benefits**
None of the trustees have been paid any remuneration or received any benefits from an employment with the charity or a related entity.
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