**Charity number 1080202 Company number 03807856** ## **BREAKING OUT OF THE BUBBLE LTD** **(A company limited by Guarantee)** ## **REPORT AND UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 MARCH 2022** ## **FOR** **BREAKING OUT OF THE BUBBLE LTD** **BREAKING OUT OF THE BUBBLE LTD** ## **CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2022** ||**Page**| |---|---| |**Legal and administrative information**|1| |**Report of the Trustees**|2| |**Statement of Financial Activities**|4| |**Statement of Financial Position**|5| |**Notes to the Financial Statements**|6| |**Report of the Independent Examiner**|11| |**Income and Expenditure Account**|12| ## **BREAKING OUT OF THE BUBBLE LTD** ## **REPORT OF THE TRUSTEES for the Year Ended 31 March 2022** The Management Committee presents its report and unaudited financial statements for the year ended 31 March 2022. ## **Reference and Administrative Information** Charity Name: Breaking Out Of The Bubble Ltd Charity Registration Number: 1080202 Company Registration Number: 3807856 Registered Office and Operational address: 336 Brixton Road LONDON SW9 7AA ## **Management Committee at 31.3.2022** Sharon Anderson – resigned 21.10.2021 Dana Brown Susan Laffey Emanuel Oraka Man Yen Tang Christina Watkins Sabina Lahere ## **Project Co-Ordinator** Dr Vic Forrest ## **Advisors** Hilary Adams Frances Pitcher ## **Accountants** Hilary Adams Ltd Chartered Accountants 158 High Street Herne Bay KENT CT6 5NP ## **Bankers** Unity Trust Bank, Nine Brindleyplace, Birmingham B1 2HD COIF, Charities Deposit Fund 80 Cheapside, London EC2V 6DZ Page 1 ## **BREAKING OUT OF THE BUBBLE LTD** ## **REPORT OF THE TRUSTEES for the Year Ended 31 March 2022** The directors present their report with the financial statements of the company for the year ended 31 March 2022. It has been a busy year. Despite the pandemic continuing we have begun to get back to our normal way of working, meeting in our office at 336 Brixton Road to work and starting up some of our in person groups and activities once again. The Supporting Each Other Equals Power (SEOEP) project, that we were part of in partnership with SCIE and People First (Self Advocacy), came to an end in December 2021. Throughout the project we continued to support people in the borough, who have little or no support, to deal with issues that arose during the pandemic and helped them to keep up with and develop relationships with us and each other. As the SEOEP project ended we applied for and were granted funding for two new projects, which both began in April 2022. One funded by Trust for London, called the ‘Out There’ project. This project aims to campaign and create opportunities for local people with learning difficulties to speak out about issues that matter to them and to influence the people in charge of running services and relevant local organisations, to bring about positive changes, helping them to break out of the bubble they are often trapped in. The second project we started up in April, funded in association with Inclusion London, is our ‘Hate Crime’ project. This was a continuation of the hate crime work we had started up in the previous year as well as the development of training that we will give to individuals with learning difficulties and organisations that work with people with learning difficulties on how to keep well, safe and happy in the community and not be a victim of hate crime. Despite the continued circulation of Covid – 19 we have started up some of our face to face groups and activities once again, in a safe way. We run one weekly in person group called the BOB group and one fortnightly in person group called the Keeping Well, Safe and Happy group. We have also started up the ‘Let’s Dance’ event again; the first one since the beginning of the pandemic happened in June 2022. It has been successful so far and fun to get back to. We are hoping to build up the relationships we had with other organisations and colleges before the pandemic and make sure they come to the ‘Let’s Dance’ events once again. The dance is inclusive to all, and everyone in the community is invited to join. Over the past year we have continued to be in regular contact with our members, one to one and in groups; over phone calls, zoom meetings and WhatsApp calls. While we have begun meeting in person once again, we have continued to provide some of our groups on zoom for those who are still nervous to be out and about in the community. But we are encouraging more members of BOB to come into our offices at 336 Brixton Road. We continue to support staff members with learning difficulties to access zoom and Microsoft teams; also providing IT support for phones and tablets when needed. We are very busy with our work. But we are enjoying the work and finding it less stressful. We find it joyful and relaxing even. We are happy to be doing what we want to be doing and making our own decisions. ## **Structure, Governance and Management** ## Governing Document The organisation is a charitable company limited by guarantee, incorporated on 15 July 1999 and registered as a charity on 4th April 2000. The aim of the company is to support people with learning difficulties who live in Lambeth and the area so they can have the same rights as everyone else. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1. Page 2 ## **BREAKING OUT OF THE BUBBLE LTD** ## **REPORT OF THE TRUSTEES for the Year Ended 31 March 2022** ## Recruitment and Appointment of Management Committee The directors of the company are also charity trustees for the purposes of charity law and under the company’s Articles are known as members of the Management Committee. Under the requirements of the Memorandum and Articles of Association the members of the Management Committee retire every year but may be re-elected by the full members at the Annual General Meeting. Due to the nature of the work of Breaking Out Of The Bubble and the fact that is a user led organisation we have a policy that states that only people with learning difficulties are allowed to become full members of the Management Committee and so have legal control over the organisation. However, the members of the committee make use of the services of “advisors” who have experience in charity administration. We currently have two advisors who have more than 20 years experience each as directors and managers of various charities and projects. We believe that people with learning difficulties are the experts about what people with learning difficulties need and so it is natural and correct that they will have control of our organisation. For these reasons we say that we are a Disabled Peoples Organisation. Two directors have left the Committee this year and while we welcome new applications to become a director we are pleased to have most of the same stable group for another year. ## Responsibilities of the Management Committee Company law requires the Management Committee to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. The Management Committee is responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Management Committee is also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Members of the Management Committee, who are directors for the purpose of company law and trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 1. - In accordance with company law, as the company’s directors, we certify that: So far as we are aware, there is no relevant information of which the company’s accountants are unaware; and as the directors of the company, we have taken all the steps that we ought to have taken in order to make ourselves aware of any relevant information and to establish that the charity’s accountants are aware of that information. ## **Accountants** The accountants, Hilary Adams Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting. The report has been prepared in accordance with the provisions of Section 1A “Small Entities” of Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” and the Companies Act 2006. Approved by the Management Committee on 2022 and signed on its behalf by: E Oraka - Director Page 3 ## **BREAKING OUT OF THE BUBBLE LTD** ## **STATEMENT OF FINANCIAL ACTIVITIES (including Income and Expenditure Account) for the Year Ended 31 March 2022** |**Funds**
**2022**
Notes
**£**
**Incoming resources from generated funds:**
Voluntary income:
Donations & grants
4
**27,000**
Activities for generating funds:
Investment income
5
**12**
Miscellaneous income
**-**
**Incoming resources from**
**charitable activities:**
Grants & contracts
**-**
**Total incoming resources**
**27,012**
**Resources expended**
**Costs of generating funds:**
Costs of generating voluntary income
**-**
**Charitable activities**
**30,542**
**Total resources expended**
3
**30,542**
**STATEMENT OF TOTAL RECOGNISED**
**GAINS AND LOSSES**
**Net incoming resources before other**
**recognised gains**
**(net income for the year)**
**(3,530)**
**Other recognised gains**
Gain on revaluation of investments
**-**
Transfer between funds
**(175)**
**Net movement in funds**
**(3,705)**
Total funds brought forward
**14,181**
**Total funds carried forward**
13
**10,476**
**Unrestricted**|**Restricted**
**Funds**
**2022**
**£**
**44,061**
**-**
**-**
**-**
**44,061**
**-**
**44,397**
**44,397**
**(336)**
**-**
**175**
**(161)**
**161**
**-**|**Total**
**Funds**
**2022**
**£**
**71,061**
**12**
**-**
**-**
**71,073**
**-**
**74,939**
**74,939**
**(3,866)**
**-**
**-**
**(3,866)**
**14,342**
**10,476**|Total
Funds
2021
£
78,123
3
-
-| |---|---|---|---| ||||78,126| ||||-
96,698| ||||96,698| ||||(18,572)
-
-| ||||(18,572)
32,914| ||||14,342| Movements in funds are disclosed in Note 13 to the financial statements. Page 4 ## **BREAKING OUT OF THE BUBBLE LTD (REGISTERED NUMBER: 03807856)** ## **STATEMENT OF FINANCIAL POSITION 31 March 2022** |Notes
**FIXED ASSETS**
Tangible assets
10
**CURRENT ASSETS**
Debtors
11
Cash at bank
**CREDITORS**
Amounts falling due within one year
12
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**RESERVES**
**Restricted funds**
**Unrestricted funds**
Income and expenditure account
13|**31.3.22**
**£**
**3,187**
**32,583**
**35,770**
**25,696**|**£**
**402**
**10,074**
**10,476**
**-**
**10,476**
**10,476**|31.3.21
£
-
41,032
41,032
27,463|£
773
13,569
14,342
161
14,181
14,342|£
773
13,569
14,342
161
14,181
14,342| |---|---|---|---|---|---| ||||||| ||||||14,342| The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for: - (a) ensuring that the company keeps accounting records which 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 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 company. The report has been prepared in accordance with the provisions of Section 1A “Small Entities” of Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” and the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the Income & Expenditure Account has not been delivered. The financial statements were approved by the Board of Directors on ............................................. and were signed on its behalf by: ....................................................... E Oraka - Director ....................................................... D Brown - Chair The notes form part of these financial statements Page 5 ## **BREAKING OUT OF THE BUBBLE LTD** ## **NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2022** ## 1. **STATUTORY INFORMATION** Breaking Out Of The Bubble Ltd is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. ## 2. **ACCOUNTING POLICIES** ## **Accounting convention** These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of 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. ## **Financial Reporting Standard Number 1** Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company. ## **Turnover** Turnover represents grants and donations received. ## **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 etc - 33% & 20% on cost ## **Fund accounting** - Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectivities of the charity. - Designated funds are unrestricted funds earmarked by the Management Committee for particular purposes. - Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal. ## **Incoming resources** All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy, The following specific policies are applied to particular categories of income: Grants are recognised when receivable; Investment income is included when receivable. ## **Resources expended** Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes VAT and is reported as part of the expenditure to which it relates: - Costs of generating funds comprise the costs associated with both the costs of attracting the income and those of providing the facilities to generate the income. - Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity. ## **Pension costs and other post-retirement benefits** The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. Page 6 continued... **----- Start of picture text -----**
Unrestricted
Fund - Tudor
Wellness
Tudor Trust
Project
Hate Crime
Fund
Big Lottery
Fund
Baily Thomas
allocation
Basis of
**----- End of picture text -----**
## **BREAKING OUT OF THE BUBBLE LTD** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022** ## 4. **INCOMING RESOURCES FROM ACTIVITIES TO FURTHER THE CHARITY’S OBJECTS** |**Unrestricted**|**Unrestricted**|**Restricted**|**2022**|2021| |---|---|---|---|---| ||**Funds**|**Funds**|**Total**|Total| ||**£**|**£**|**£**|£| |Tudor Trust|25,000|-|**25,000**|8,250| |SCIE|-|-|**-**|22,615| |Big Lottery Fund|-|34,785|**34,785**|35,480| |Sport for Confidence|-|-|**-**|1,221| |London Community Fund|-|-|**-**|10,000| |Inclusion London|-|9,276|**9,276**|-| |Other Income|2,012|-|**2,012**|560| ||27,012|44,061|**71,073**|78,126| ## 5. **INVESTMENT INCOME** |Deposit account interest
6.
**NET OUTGOING RESOURCES FOR THE YEAR**
The deficit is stated after charging:
Directors' remuneration and other benefits etc
7.
**STAFF COSTS**
Wages and salaries
Social security costs
Pension costs|**31.3.22**
**£**
**12**
**31.3.22**
**£**
**-**
**31.3.22**
**£**
**60,267**
**-**
**766**
**61,033**|31.3.21
£
3
31.3.21
£
-
31.3.21
£
73,878
357
1,094| |---|---|---| |||75,329| Average number of employees, including directors, during the year was as follows: 7 (2021: 6) ## 8. **TRUSTEE REMUNERATION AND RELATED PARTY TRANSACTIONS** No members of the management committee received any remuneration during the year (2021 Nil). No expenses were reimbursed during the year (2021: Nil). No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year (2021: Nil). ## 9. **TAXATION** As a charity, Breaking Out Of The Bubble Ltd is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity. Page 8 continued... ## **BREAKING OUT OF THE BUBBLE LTD** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022** |10.
**TANGIBLE FIXED ASSETS**
**COST**
At 1 April 2021
Additions
Disposals
At 31 March 2022
**DEPRECIATION**
At 1 April 2021
Charge for year
Eliminated on disposal
At 31 March 2022
**NET BOOK VALUE**
At 31 March 2022
At 31 March 2021
11.
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Other debtors
12.
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Taxation and social security
Other creditors|**Plant and**
**machinery**
**etc**
**£**
**11,782**
**-**
**-**
**11,782**
**11,009**
**371**
**-**
**11,380**
**402**
773
**31.3.22**
31.3.21
**£**
£
**-**
-
**3,187**
-
**3,187**
-
**31.3.22**
31.3.21
**£**
£
**74**
210
**20,630**
27,253
**20,704**
27,463| |---|---| Page 9 continued… ## **BREAKING OUT OF THE BUBBLE LTD** ## **NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2022** |13. **MOVEMENT IN FUNDS**
**Unrestricted Funds**
General Fund
Wellness Fund - Tudor
**Restricted Funds**
Big Lottery Fund
Hate Crime
**TOTAL FUNDS**|**At 1.4.21**
14,181
-
161
-
**14,342**|**Net**
**movement**
**in funds**
(3,004)
(526)
(336)
-
**(3,866)**|**Transfers**
**between**
**funds**
(175)
-
175
-
**-**|**At 31.3.22**
11,002
(526)
-
-| |---|---|---|---|---| |||||**10,476**| Net movement in funds, included in the above are as follows: |**Unrestricted funds**
Core
Wellness Fund - Tudor
**Restricted funds**
Big Lottery Fund
Hate Crime|**Incoming**
**resources**
27,012
-
**27,012**
34,785
9,276
**44,061**
**71,073**|**Resources**
**expended**
(30,016)
(526)
**(30,542)**
(35,121)
(9,276)
**(44,397)**
**(74,939)**|**Movement**
**in funds**
(3,004)
(526)| |---|---|---|---| ||||**(3,530)**
(336)
-| ||||**(336)**| ||||**(3,866)**| Page 10 CI•ART¢AED AttOUNTAIITS' REPORY TO ThE OOARD OF or ThE U14AUDrrEO FINANaAL sfATEME14T5 OF We ￿]rt on Ihe Ji March 2022. are pbJe$ 4 10 io. Tho tn&stee51*tho orEalso th¢dirtrtor5 tomparry lorthe tsluwny lawl a￿ re5wsible for the fftparb￿on Oft￿ accwnts. The tntst¢e5￿ns¥Jtr1￿ryt * aud¢ 15 rtquired IDrihi5 yearvndersectK J44 of tb• Act 2011 (the 2011 Artl and ItwL411 wi¢*wxiErt exanknation L4 n•tyJed. Hav#WJ sabsfk>J ￿J￿elVeS th* the ch•nty ￿ nor wbiect to OL¥1* ￿r￿er ctknpjrty eygthle Independent oxaminatityi. It rts0ory￿trtY ￿.. examlne Ihe *c￿nts urKIEr Sea￿ 145 2011 1Tudor Trust
SCIE
Big Lottery Fund
London Community Fund
Sport for Confidence
Inclusion London
Consultancy
Donations
**Establishment costs**
Rent
Rates
Insurance
**Administrative expenses**
Wages
Social security
Pensions
Staff training
Travel
Printing, postage and stationery
Communications
Meetings costs
Activity costs
Sundry expenses
Accountancy
Payroll service
Consultancy fees
Subscriptions
Software & maintenance
**Activity costs**
Bank charges
**Depreciation**
Fixtures and fittings
Computer equipment
**Finance income**
Deposit account interest
**NET (DEFICIT)**|**31.3.22**
**£**
**25,000**
**-**
**34,785**
**-**
**-**
**9,276**
**2,000**
**-**
**7,245**
**183**
**516**
**60,267**
**-**
**766**
**862**
**6**
**11**
**615**
**1,010**
**353**
**135**
**630**
**934**
**96**
**287**
**580**|**£**
**71,061**
**7,944**
**63,117**
**66,552**
**(3,435)**
**72**
(**3,507)**
**29**
**342**
**(3,878)**
**12**
**(3,866)**|31.3.21
£
8,250
22,615
35,480
10,000
1,221
-
-
557
5,441
-
834
73,878
357
1,094
1,700
-
8
4,671
22
50
12
630
831
4,959
-
1,542|£
78,123
6,275
71,848
89,754
(17,906)
72
(17,978)
29
568
(18,575)
3
(18,572)| |---|---|---|---|---| This page does not form part of the statutory financial statements Page 12