**Company registration number 03524187 (England and Wales) Charity registration number 1075525 (England and Wales)**
## **BREADLINE AFRICA**
# **(A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **BREADLINE AFRICA (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|P Attard Montalto||
|---|---|---|
||Sir A Chisholm||
||B Elwes||
||K Hauptfleisch||
||L Seligman||
||J Sellars||
||R Sellars||
|**Country of incorporation**|United Kingdom|03524187|
||(England and Wales)||
|**Charity registration**|England and Wales|1075525|
|**Registered office**|Claydon Court||
||Old Ipswich Road||
||Claydon||
||Ipswich||
||IP6 0AE||
|**Independent examiner**|Helen Rumsey||
||Ensors||
||Third Floor||
||Connexions||
||159 Princes Street||
||Ipswich||
||IP1 1QJ||
|**Bankers**|Barclays Bank plc||
||1 Princes Street||
||Ipswich||
||IP1 1PB||
||Santander UK PLC||
||2nd Floor Bell Hotel||
||5 Orford Hill||
||Norwich||
||NR1 3QB||
|**Solicitors**|Bates Wells Braithewaite||
||10 Queen Street Place||
||London||
||EC4R 1BE||
## **BREADLINE AFRICA (A COMPANY LIMITED BY GUARANTEE) CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 4|
|Independent examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Statement of cash flows|8|
|Notes to the financial statements|9 - 16|
**BREADLINE AFRICA (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
The trustees present their annual report and financial statements for the year ended 31 December 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".
## **Objectives and activities**
The charity’s objective is to promote in Africa any purpose which is charitable according to the laws of England and Wales including, but not exclusively, the relief of poverty.
The principal activity is the provision of converted shipping containers, prefabricated and alternative infrastructure units for poverty relief in Southern Africa in under-resourced communities. In recent years, Breadline Africa has focused its attention on infrastructure projects that benefit early childhood development (i.e. pre-schools that provide educational support to children between the ages of one and six years), as well as primary and secondary school learners. Structures include classrooms, kitchens, toilets, offices and sickbays in pre-schools and libraries, feeding kitchens and toilets at schools.
Although Breadline Africa’s primary focus is on providing infrastructure solutions to further educational outcomes, we also support feeding initiatives and outings for young children.
The trustees have had regard to the Charity Commission’s general guidance on public benefit in planning and carrying out the charity’s activities during the year.
## **Achievements and performance**
We have continued our extensive fundraising programme, largely through direct mail appeals and are also actively seeking additional ways of raising funds. Our sister charity, Breadline Africa (RSA) NPC, has continued to provide infrastructure for the education of children and poverty alleviation in disadvantaged communities and they have raised additional funds from South African individuals, companies and grant foundations.
In 2025, we reached thousands of children, families, and communities through strategic investments in early childhood development, infrastructure, and sustainable support initiatives. We have expanded our reach and deepened our impact, ensuring more children have access to safe learning environments, essential resources, and life-changing opportunities.
- **77 projects** were delivered across nine provinces in South Africa **, reaching more than 21,000 children**
- who benefited from improved educational infrastructure.
- **R38.8 million** invested in education infrastructure and sanitation & hygiene facilities, bringing hope and dignity to underserved schools.
- **R3.5 million** invested in Impact, Monitoring, and Evolution across all Breadline Africa projects in South Africa.
- Demand continues to far exceed available resources, with **more than 600 applications received in a single year.** This gap reflects the reality facing early learning in South Africa, where millions of children remain excluded from safe and structured environments.
- 1 -
## **BREADLINE AFRICA (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
From building classrooms to providing critical early learning support, every rand raised translated into real impact. The smiles, the dreams, and the futures we are shaping today tell the true story of a year dedicated to giving every child a fair start in life.
- **43 new infrastructure projects** delivered, including classrooms, kitchens, libraries, and toilets at early
- childhood centres (pre-schools) and schools.
- **187 new toilets and urinals** delivered to replace unsafe pit toilets across 11 schools, benefitting over 3,000 children and staff.
- **40 Maintenance projects were carried out at pre-schools and primary schools** , revisiting past projects to repair and secure roofs, doors, and windows that had deteriorated. Many of these centres lacked the funds for essential repairs, and our support ensured a safe and comfortable environment for the children and staff.
- Over **84,000 nutritious breakfast meals** served daily to **11 pre-schools** , helping to nourish growing minds. Nearly **200 families** received food parcels, ensuring they had nourishment during the cold winter months and some relief over Christmas.
- **As part of the 25th anniversary of our Seaside Outing initiative, 240 children** experienced a special day at the beach, many seeing the ocean for the first time. From building sandcastles to playing in the waves, this experience created cherished memories.
All projects applying for funds are screened by Breadline Africa staff to ensure that they meet agreed standards and criteria, and implementation is tracked via a monitoring and evaluation process.
## **Financial review**
During the year, comparing year-on-year, funds from new donors have decreased, although legacies have increased, as factors like inflation due to economic conditions have affected donors’ disposable income especially among the older donors. However, despite global economic challenges, our loyal donor base continued to provide strong support, enabling us to make substantial investments in education, hygiene, and child welfare.
Mail quantities have declined due to our donor numbers dropping, but our active donors continue to give. We value the support from our well-established and loyal donor base which provided a major part of our funding and is vitally important to fund the ongoing work of the charity. Our direct mail activities comply with the Code of Fundraising Practice and align to the General Data Protection Policy.
This year we once again received significant funds from legacies which is a testament to our loyal donor base.
The continued increase in grant distribution to South Africa reflects the increased number of infrastructure and maintenance projects and programmes supported in impoverished communities.
## _Reserves policy_
All net funds raised during the financial year are allocated to infrastructure, maintenance and other projects as well as to the sustainability of the charity. The trustees maintain an operating reserve (“the Operational Reserve”) to ensure the continuity of the charity in situations such as a sudden increase in expenses, one-time unbudgeted expenses, unanticipated loss in funding or uninsured losses.
A sum sufficient to cover the operational expenses of Breadline Africa UK will continue to be maintained in the books of the charity. The current sum is set at £35,000 which covers six months’ future operational costs as indicated in note 19.
## **Plans for future periods**
We have referred to the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the agreed aims and objectives. Breadline Africa will continue to support social welfare and development projects that meet our criteria and to explore ways of innovating and improving fundraising effectiveness to ensure future sustainability.
- 2 -
## **BREADLINE AFRICA (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **Structure, governance and management**
## _Governing document_
The charity is a company limited by guarantee, and is governed by the terms of the Memorandum and Articles of association adopted on 11 April 2012. It has no share capital and in the event of liquidation the liability of the members is limited to £10 each. The company is registered as a charity by the Charity Commission, under registration number 1075525.
## _Appointment, induction and training of trustees_
The overall governance and financial responsibility is vested in the trustees.The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
P Attard Montalto
Sir A Chisholm
Sir R Dunbar (Resigned 23 October 2025) B Elwes K Hauptfleisch Dr S Lalor (Resigned 14 November 2025) L Seligman J Sellars R Sellars
Trustees holding an executive office are exempted from the requirement to retire by rotation. Further trustees may be appointed at any time, at the discretion of the trustees.
Many of the current trustees have been involved with the organisation for a number of years and are familiar with the practical work of the charity. New trustees are invited to a meeting with the Chairman at which details of the charity and the context within which it operates are provided, including:
- The obligations of the trustees;
- The operational framework of the charity including the Memorandum and Articles of Association;
- Resourcing and the current financial position including the latest published and management accounts;
- Future plans and objectives.
## _Risk Management_
The trustees have identified the major risks facing the charity and have assessed their potential impact. Appropriate systems have been established to monitor and mitigate these risks.
## _Organisational structure_
The trustee board comprises of a minimum of 3 members who meet annually and are responsible for the strategic direction and policy of the charity. At present the board has 7 members from a variety of backgrounds relevant to the work of the charity. The trustees have sole discretion over the award of grants from the charity’s funds.
The charity’s fund-raising operation and project management is administered in South Africa by Breadline Africa (RSA) NPC, a sister charity registered in South Africa.
## _Fundraising standards_
The board of trustees supports raising funds from the public in relation to our core activities. The Charity is registered with the Fundraising Regulator. There have been no complaints about fundraising activity this year.
The charity has signed up to the Fundraising Regulator's Code of Fundraising Practice. All fundraising guidance and working practices have been or are being updated so that they are compliant. Fundraisers are also given a briefing before they raise funds for the Charity and will also be given annual updates/reminders via communication from the fundraising department.
All marketing material or information sent from the Charity contains clear instructions on how a person can be removed from the mailing lists and is GDPR compliant.
- 3 -
## **BREADLINE AFRICA (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
The trustees' report was approved and signed on behalf of the board of trustees by:
..............................
B Elwes **Trustee** ������������ Date: .............................................
- 4 -
## **BREADLINE AFRICA (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF BREADLINE AFRICA**
I report to the trustees on my examination of the financial statements of Breadline Africa (the charity) for the year ended 31 December 2025.
## **Responsibilities and basis of report**
As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
## **Independent examiner's statement**
Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no 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 charity as required by section 386 of the Companies Act 2006.
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or
- 4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Helen Rumsey, ACA Ensors Third Floor Connexions 159 Princes Street Ipswich IP1 1QJ Date: ............................
- 5 -
## **BREADLINE AFRICA (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
644,979
15,539
Investments
**4**
820
-
**Total income**
645,799
15,539
**Expenditure on:**
Raising funds
**5**
9,989
-
Charitable activities
**6**
635,810
15,539
**Total expenditure**
645,799
15,539
**Net income and movement in**
**funds**
-
-
**Reconciliation of funds:**
Fund balances at 1 January
2025
35,000
-
**Fund balances at 31**
**December 2025**
35,000
-|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2024**
**2024**
**£**
**£**
**£**
660,518
534,694
35,439
820
2,775
-
661,338
537,469
35,439
9,989
11,812
-
651,349
525,657
35,439
661,338
537,469
35,439
-
-
-
35,000
35,000
-
35,000
35,000
-|**Total**
**2024**
**£**
570,133
2,775|
|---|---|---|
|||572,908|
|||11,812
561,096|
|||572,908|
|||-
35,000|
|||35,000|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 6 -
## **BREADLINE AFRICA (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET**
## _**AS AT 31 DECEMBER 2025**_
|**Notes**
**Current assets**
Debtors
**13**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**14**
**Net current assets**
**The funds of the charity**
Unrestricted funds
**17**|**2025**
**£**
37,005
31,993
68,998
(33,998)|**£**
35,000
35,000
35,000|**2024**
**£**
93,867
17,001
110,868
(75,868)|**£**
35,000|
|---|---|---|---|---|
|||||35,000|
|||||35,000|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2025.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
## ������������
The financial statements were approved by the trustees on .........................
.............................. B Elwes
## **Trustee**
- 7 -
## **BREADLINE AFRICA (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF CASH FLOWS**
## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
|**Notes**
**Cash flows from operating activities**
Cash generated from/(absorbed by)
operations
**21**
**Investing activities**
Investment income received
**Net cash generated from investing activities**
**Net cash generated from financing activities**
**Net increase/(decrease) in cash and cash**
**equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**|**2025**
**£**
820|**£**
14,172
820
-
14,992
17,001
31,993|**2024**
**£**
**£**
(24,974)
2,775
2,775
-
(22,199)
39,200
17,001|
|---|---|---|---|
- 8 -
**BREADLINE AFRICA (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **1 Accounting policies**
## **Charity information**
Breadline Africa is a public benefit entity and private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. Every member of the charity undertakes to contribute such amounts (not exceeding £10) as may be required in the event of a winding up. The address of the registered office is Claydon Court, Old Ipswich Road, Claydon, Ipswich, IP6 0AE.
## **1.1 Basis of preparation**
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Designated funds are unrestricted funds earmarked by the trustees for particular future projects or commitments.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 9 -
## **BREADLINE AFRICA (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent.
## **1.6 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.7 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
- 10 -
## **BREADLINE AFRICA (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **1 Accounting policies**
## **(Continued)**
## **1.8 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.9 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## **1.10 Leases**
Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease.
## **1.11 Foreign exchange**
Transactions in foreign currencies are recorded at the exchange rate on the date they occur. At the year end, amounts owed or held in foreign currencies are converted into pounds sterling using the exchange rate at that date. Any gains or losses from exchange rate movements are recognised in the Statement of Financial Activities in the period they arise.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Income from donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**£**
**£**
Donations and gifts
446,725
15,539
Legacies
198,254
-
644,979
15,539|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2024**
**2024**
**£**
**£**
**£**
462,264
478,587
35,439
198,254
56,107
-
660,518
534,694
35,439|**Total**
**2024**
**£**
514,026
56,107|
|---|---|---|
|||570,133|
- 11 -
**BREADLINE AFRICA (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **4 Income from investments**
|||**Unrestricted**|**Unrestricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2025**|**2024**|
|||**£**|**£**|
||Interest receivable|820|2,775|
|**5**|**Expenditure on raising funds**|||
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**2025**|**2024**|
|||**£**|**£**|
||**Fundraising and publicity**|||
||Staff costs|3,523|5,549|
||Mail handling charges and fees|6,466|6,263|
||Total costs|9,989|11,812|
|**6**|**Expenditure on charitable activities**|||
|||**2025**|**2024**|
|||**£**|**£**|
||**Direct costs**|||
||Breadline Africa (RSA) NPC|554,662|442,751|
||Restricted fund grants (see note 7)|15,539|35,439|
||**Share of support and governance costs (see note 8)**|||
||Support|81,148|82,906|
|||651,349|561,096|
||**Analysis by fund**|||
||Unrestricted funds|635,810|525,657|
||Restricted funds|15,539|35,439|
|||651,349|561,096|
|**7**|**Grants payable**|||
|||**2025**|**2024**|
|||**£**|**£**|
||Grants to infrastructure projects|15,539|35,439|
- 12 -
## **BREADLINE AFRICA (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **8 Support costs allocated to activities**
|Staff costs
Office expenses
Audit and accountancy fees|**2025**
**£**
48,739
22,209
10,200
81,148|**2024**
**£**
51,923
21,503
9,480|
|---|---|---|
|||82,906|
|**9**
**Auditor / Examiner Remuneration**
Fees payable to the charity's auditor / examiner.
Audit of the financial statements of the charity
Independent examination of the financial statements of the charity
**For other services**
All other services|**2025**
**£**
6,200
2,050
8,250
1,950|**2024**
**£**
7,880
-|
|---|---|---|
|||7,880|
|||1,600|
## **10 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or expenses from the charity during either year. However, unrestricted donations of £3,628 (31 December 2024: £2,729) were received from 5 (31 December 2024: 6) trustees.
## **11 Employees**
The average monthly number of employees during the year was:
||**2025**|**2024**|
|---|---|---|
||**Number**|**Number**|
||3|4|
|**Employment costs**|**2025**|**2024**|
||**£**|**£**|
|Wages and salaries|51,336|53,469|
|Other pension costs|926|4,003|
||52,262|57,472|
There were no employees whose annual remuneration was more than £60,000.
- 13 -
**BREADLINE AFRICA (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **12 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
## **13 Debtors**
|**Amounts falling due within one year:**
Other debtors
Prepayments and accrued income|**2025**
**£**
37,005
-
37,005|**2024**
**£**
40,000
53,867|
|---|---|---|
|||93,867|
**14 Creditors: amounts falling due within one year**
|Other taxation and social security
Other creditors
Accruals and deferred income
**15**
**Retirement benefit schemes**
**Defined contribution schemes**
Charge to profit or loss in respect of defined contribution schemes|**2025**
**£**
1,833
26,382
5,783
33,998
**2025**
**£**
926|**2024**
**£**
1,274
68,714
5,880|
|---|---|---|
|||75,868|
|||**2024**
**£**
4,003|
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
## **16 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
||**At**|**1**|**January**|**Incoming**|**Resources**|**At 31**|
|---|---|---|---|---|---|---|
||||**2025**|**resources**|**expended**|**December**|
|||||||**2025**|
||||**£**|**£**|**£**|**£**|
|Infrastructure projects|||-|14,399|(14,399)|-|
|Programmes|||-|1,140|(1,140)|-|
||||-|15,539|(15,539)|-|
- 14 -
## **BREADLINE AFRICA (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
|**16**|**Restricted funds**||||**(Continued)**|
|---|---|---|---|---|---|
||**Previous year:**|**At 1 January**|**Incoming**|**Resources**|**At 31**|
|||**2024**|**resources**|**expended**|**December**|
||||||**2024**|
|||**£**|**£**|**£**|**£**|
||Infrastructure projects|-|35,439|(35,439)|-|
## **17 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
|**At 1**
Designated Funds
General funds
**Previous year:**
**At 1**
Designated funds
General funds|**January**
**2025**
**Incoming**
**resources**
**Resources**
**expended**
**At 31**
**December**
**2025**
**£**
**£**
**£**
**£**
35,000
-
-
35,000
-
645,799
(645,799)
-
35,000
645,799
(645,799)
35,000
**January**
**2024**
**Incoming**
**resources**
**Resources**
**expended**
**At 31**
**December**
**2024**
**£**
**£**
**£**
**£**
35,000
-
-
35,000
-
537,469
(537,469)
-
35,000
537,469
(537,469)
35,000|
|---|---|
## **18 Limited by guarantee**
The charity is a company limited by guarantee and does not have share capital. Each member of the charity undertakes to contribute such amounts (not exceeding £10) as may be required in the event of a winding up.
- 15 -
**BREADLINE AFRICA (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **19 Operating lease commitments**
## **Lessee**
The total future minimum lease payments under non-cancellable operating leases are as follows:
||**2025**|**2024**|
|---|---|---|
||**£**|**£**|
|Within one year|3,806|3,806|
## **20 Related party transactions**
The charity approved funding during the year of £570,201 (31 December 2024: £478,190) to Breadline Africa (RSA) NPC, a sister charity registered in South Africa, towards the costs of social welfare and development projects which it operates and manages. Included within other creditors at the year end is £25,256 (31 December 2024: £68,152) owed by Breadline Africa to Breadline Africa (RSA) NPC.
Breadline Africa (RSA) NPC holds the operational reserves of the charity totaling £35,000 (31 December 2024: £35,000). This amount is shown within other debtors.
Two trustees, P Attard Montalto and B Elwes are also trustees of Breadline Africa Endowment Fund NPC in South Africa. No transactions occurred in the year, or previous year, between the charity and the endowment fund.
During the year unrestricted donations of £3,628 (31 December 2024: £2,729) were received from 5 (31 December 2024: 6) trustees.
|**21**|**Cash generated from/(absorbed by) operations**|**2025**|**2024**|
|---|---|---|---|
|||**£**|**£**|
||Surplus for the year|-|-|
||**Adjustments for:**|||
||Investment income recognised in statement of financial activities|(820)|(2,775)|
||**Movements in working capital:**|||
||Decrease/(increase) in debtors|56,862|(98,067)|
||(Decrease)/increase in creditors|(41,870)|75,868|
||**Cash generated from/(absorbed by) operations**|14,172|(24,974)|
## **22 Analysis of changes in net funds**
The charity had no material debt during the year.
- 16 -