Charlty r¢gl8tratlon numbey 1111644
Company raglstratlon numbèr 05551999 (England and Walasl
THE BREN PROJECT
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THEYEAR ENDED 31 DECEMBER 2023
) Hargreaves & Woods
cl1￿.RJ£REO ACLOUNIANJS & BUSINL55 ADIJISEIi

THE BREN PROJECT
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr M I Shotton
Mr B Harringlo
Mr D Alkinson
Mr R H Mayne
Mr R Smllh
Mrs Laura Doolèy
Mrs Oebra Plper
(Appolnted 18 January 20231
IAppolnt8d 19 July 20231
(Appointed 26 April 20231
Charlty number
1111644
Company numb•r
05551999
Prlnclpal addre$8
New Scene Cantra
Llmewood Close
Off Newton Lane
Chèster
CH2 2HH
Rg9Sstgred offlcg
Cholmondeley Housè
Dee Hllls Park
Chosler
Cheshire
CH3 SAR
Independent gxamlner
Jam88 Hargreaves
Cholmondeley House
Dee Hills Park
Chester
Cheshire
CH3 SAR

THE BREN PROJECT
CONTENTS
Pago
Trusl&gs' report
Ind8P8nd9nl examlnerfs report
Stalamont ol financi818clivitlO8
Balance sheet
Notès to Ihe flnanclal slatem8nts
8-16

THE BREN PROJECT
TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2023
The Iruste8s', who are also th6 dlr6ctors for the PL¢rposes of company law present the annual report and Ilnanclal
statements for th8 y8ar gnded 31 Decemb8r 2023.
The financial ststernenl8 have been prepared in accordance ￿th the 8c¢ounllng polScl6s Set out in note 1 to Ile
financlal statements and comply wllh the charltys Memorandum and Artleles of Assoclallon, Ihe Companles Act
2006 and "Actounling and Reporting by Charities.. Statement of Recommended Practice appli¢able to charities
preparing their accounts In accordance with the Flnandal Reporiing Standard applicable in the UK and Republic of
Ireland IFRS 1021" leff8clive 1 January 20191.
Obl8ctlv8# and actlvltles
Background of tha Ch8rAy
The Bren Proje¢l Is a Chest8r-ba5ed charlty offèring one-to-on8 SUPPOrted work pl8¢erngnts for people wllh learnlng
dlsBbilill6s and autism in Cheshlre. We are a registered charily111116441 and a company Ilm118d
by
gu8ranleg155519991. We were founded by Peter SAckell and Grant Wells in 2005, and project work began In
2007. Our Mis51on St81ement is. lo develop the social. emolional and economic wellbelng of learnlng dlsabl8d and
8ulistic peopl8 through personalls&d supported workpl&c• opporlunilies in partn&r5hlp with our local community.
Who W8 Are
W8 hav8 9 $18ff team of 6, ¢omprlsed ol a full-llme Charlly Manager, Iwo part.tlme 81ke Proj8Ct Sup9rvisors.
two
part-llme Proleel Co-Ordin8tor8 and a p&rt-t1rn8 Adminlstralion Asslslant. We also have a Iralned and dedlcated
t6am of 5858ional Job Coaches who support beneli¢laries whlle on placemgnt and 10 support volunl86rs who work
wilh our beneflciarfes in our 80cial ent8rpri88 cyclè workshop. We are b85ed in Ihe Livel New Scene Youth &
Community Hub in Newton, Chester, where we have our offlee and Bren Bikes workshtrp. Wè arg govorned by
dedlcaled Truste? group comprisèd of 7 individuals from a wid8 range ol backgrounds, with skllls and exp8rlenca In
charity management, project managemont, disability servlces, marketing, oraphlc deslgn, Information technology,
quality management, fundr8islng and 8duc8tlon. Our Trustees have experioneè of m8naging organisations In the
private and vOl￿ntary s8Ctors and have the commercial awareness to Oversee the charity's 8Ctlvities and future
development.
Who We Support
We work wllh people who havè108rning dls8blllti6s or aulisrn from the age of 14 upw8rd8, wlth no uppgr age Ilmll.
Our work includ85 young people who are experiencing the Iransllion from educallon to employment, and th088
disabled adults seen as 'hard-to-reach', 1.0. those oxcluded from m81nslream provlslon and not a¢￿SSIng vocallonal
support elsewh8r6.
Our Bespoke Appro8ch 8nd Ethos
Wa belleva that avaryonè has th8 human rfght to w(Yk and engage In productlv8 employm8nl. ln 2023, we Con￿nU&
to b8 th8 only organisatlon In Chester and tho surroundlng area that provides the person-centred. fully 5upporl8d
sarvico that people ne8d to adequately pr8par8 lor employrnenl. We are very proud of our approach and confidont
that thFS is what makes the dlfference io the people that we support. W8 do not offer g6nerlc experiences. Inslgad,
we work wllh Indlvlduals to research, identlfy and adapt thair own pla¢8menl, based on th8ir own needs. skllls and
aspirations. Our philosophy Is to view the support8d ernploymenl process as a partnershSp between beneliciari88,
parentslcarers, schools, buslnesses. voluntary and community organlsalions, thè publlc soclor and other agencies.
811 of whom play thèlr part rnaking lh8 process a succe88.

THE BREN PROJECT
TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
PToj8ct Work
Slnee our proje¢l dellvery began In September 2(K)7 wo have..
worked with over 350 bgn8fici3ries',
managed turnover tolalllng over £l,000,OOO',
recelved lundlng from mor8 Ihan 70 funding partners.,
engaged with more Ihan 160 employer partners In 811 three sectors.,
fostered a wide rango of project partn8rs in a wlde range ol Industries-
receivgd 100Yo poslllve posl-placement feedback Irom b8ng1iciaries and th81r p8rentslcargrs.
In sètts'ng Ils oblecllves, tho Trustees have glven carèful consid8ralB)n io tha Chgrfty Commisslon's guidance on
public benafit.
Achlevements and p8rfomianc•
Significanl actlvltles and ach￿ve￿@￿t$ 8gain$i oblectivgs
Kèy Ar•as of Work In 2023
l. Internal placements. eron blke8.
Bren Bikes was developad in respon88 10 8 r&cogni8èd n8ed on the port of our bgn8ficlarE8s for prepplacemenl
vocatlonal trainlng.
The workshop bas establlshed ltsell as a trusted place lor pèopl8 to bring thelr blk88 for servidng or to buy good
value, gxpertly recondillongd second hand bikes. Not only does Ihls contribute slgnllicanlly to ralslng the charlty's
profll& in th8 local area bul 11 also helps normallse neurodiversity in the workplac8 when the publi¢ sees
beneficiaries al work In th8 workshop, performing important and meaningful roles.
It contlnuos to thriv8 and the enlhuslasm of both employed staff and volunteers Is a credlt to th&m 811. It rèm8ins
key to the opportunllles we can offer our beneficl8rles.
The charlty continue5 to benefit from significant numb8r8 of bikes donated by th8 publlc. These are recondltlon8d
by staff, volun19ers and beneliclar16s and sold. to enjoy a new lil8. This is an important part of our in¢orn8 81ream.
In 2023, we offered 48 benell¢l8ry placernents at Bren Blkgs. wlth 100% of our beneficiarles reporting and
demonslr8tlng 8D Improvement In both Ih8lr pracllcal and soft skllls.
2. D•llvary of Extam81 Placements
Throughout 2023, we contlnued lo offer our program of bespok8. 8UPPOrted work p18eèm$nl8. We 8rr8nged 17
external work placèmenis in 2023. wllh 10 dlfferent placement provlders acros8 the private, publlc and voluntary
88Ctor5. 97% of our beneficlarles reported and demonslraled an Improvement In thelr pr8Ctlcal and soft skills al the
end of thelr placem&nl.
3. Work wlth School$
In 2023. w9 continued to work In partnershlp wllh a numbei of sehools In Chester and thè 8urroundlng 8rea, to
provide a program of supportèd work opportuni1185 for s8lecled students who would lind 11 difflcult to engage wlth
the convenlK)ll81 opportunilles the schools themselv98 are able to off8r. Our educallon pariner5 In 2023 Included
Archer8 Brook, Chrisllelon Hlgh School, Chester Cathollc High School, Upton High School and Mapl& Grove
SchooÈ.
4. Fundralslng
The charity continued lo use the serv1￿$ of a speclallst chafltable sector fundralslng consultancy, on an Intermittent
basls. This approach freed up the Charlty Manager's tim8 to concentrate on developing our plans lor the launch of
second 8wlal enlgrprlse.

THE BREN PROJECT
TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
5. Br•n Blk#s- Elltsmgre Port
Wè received 6 months grant fundlng from Healthbox CIC to provide refurbished bikes to ragldonts tsf E1168mere
Port, whlch has proven tg b8 extremely popular. The grant also Includ8d the provision of a weekly pop up hub.
offerlng ba81¢ serving and malntenance of blkes. Overall, Ihl8 parlnershlp hès worked well and there is polènllal of
future joint worklng In lh9 year ahgad.
6. Wallbelng Hub
We launched our Wellbelng hub In tho summer and Ihls has prov8ll to be extremely successful wllh our
benollelari85. Led by our Project Co-ordlnalor, we have sean consistently high nutnb8rs in allendanc8 and some
ènwuraging signs of soft skills development and frièndships formed. This h88 been a groat addlllonBI lo offèr to our
beneflciaries, provlding a mor8 holi61ic servlce lo our core offar.
Small company provl8lon8
Thls report has b8en prepared Sn accordance wllh the provlslons appllcab16 to (x)mpanl88 8ntllled to the small
companies exempllon.
Flnancl41 revlew
Incomg:
W8 98n8raled a total or £2t6.012 Incom6 In 2023.
Expèndltur8'.
Wè h8vÉ d81iv9red our servlces as antlclp8ted, lo budget, taking into account the in-year Changes to Income whlch
allowed us lo Increase our budg8t and expenditure accordingly.
Our operallng expendSturè for 2023 stands al £192,960.
Our balance ol funds carr18d lomard as al 31 December 2023 stands al £304,665.
Reserves pollcy
A balance or £304,665 is held 88 our reserve funds,all ol wttich Is unrastricled. Thls Is In Iln8 our poll¢y of
rnhin18inlng 8t least 6 monlhs runnlng costs at all tlmes In case of issue or withdraw81 from a Major funder. We have
a180 designated much of th8 r8$8rvg8 lo a new prol8cI.

THE BREN PROJECT
TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Plans for future perlods
Dtv•loprnènt plan5 In 2024.
Looklng ft)rwkrd to 2024 the Charlly wlll..
Contlnue to approach trusts and foundallons to support our work.,
Continue to grow and develop Bren Blkes lo provlde opportunllies for beneflcl8ri88 and. 8lrnu118n80usly, as
a comm8rcial business lo increase incorne for the charfty.,
D9V81op our relatSonshSps Wlth schools In the area to provid6 spect81isl placemenis;
Endgavour lo conclude current, ongoing negotiations and launch our second soclal enterprfse (Klngswood
Café), In order lo widen our offor to ben6ficlarles',
Invesllgale the b851 mod81 for th8 OP8Talional rnanagemenl 012 soclal 9ntgrprlses wlthln the charity.,
Se6k to establish andlor expand opportunlti&s lor pre-and posl.plac6rn9nl support ol benelidaries,.
Devdop our relalion8hip with olh8r fund8rs to explore mutually beneficial partnerships and projects.
Structur8, gov•rnanc8 and mona98mant
The charlly Is a company limited by gu8ranl8e As d8fined by the Comp8niè¥ Act 1985 and conlrolled by Ils
Mgmor8ndum and Article6 of Assoolallon, .
The trustees, who are also the dlreclors for the purpose of company18w. and who s8rved durSng tha year and up to
the date ol slgnature of thg financi81 stal8ments were..
Mr M I Shotlon
Mr B Harrlnoton
Mr DAtklnson
Mr R H Mayn&
Mr R Stnlth
Mrs L&ura Doolay
Mrs Debra Plper
(Appointed 18 January 20231
IAppointed 19 July 20231
(Appointed 26 Aprll 20231
Recmllm6nt andappointmgnt of trust66S
Membershlp Is opan to Individua15 or organi58llon5 which apply lo the charlly In th& form r84uired by th8 tru81ees as
l out in thg governing document. All new staff shall follow the guldellnes laid out in the recrullment and seleellon
pollcy.
The Iwslees, report was approved by tho Board of Trustees.
-•-f7'
Mr B Harrin9ton
Tru8tg•
14 May 2024

THE BREN PROJECT
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE BREN PROJECT
I report lo the trustees on my oxamlnallon of the financlal st8temont8 of The Bren Project Ilhe charltyl for the y8ar
endad 31 D8cemb8r 2023.
R•sptsnslbllltlès and ba¥ls of report
As the Iru5te6s of the charity land also its directors for th8 purposes of company18wI you are responsible for Ihe
preparation of the Ilnanclal statements In accordance wlth the requirèrnènts of Ihe Companles Act 2006 Ithe 2006
Aetl.
Having satisfiad my881f that th8 financial stat8m8nt5 Qf the ¢harlly are nol rèquirèd to be audlled under Part 16 of
th8 2006 Act and are eliglble for Independent gxamlnatlon, I roport in r8specl of my examln&llon of the charlty's
flnancial statements carri8d out under seclion 145 of thg Charities Act 2011 (the 2011 Acll. In ¢arrying out my
examinallon I have followed all the appllcable Dlrections glven by thè Charity Cornmlsslon under seetlon 14515}Ibl
ol thè 2011 Acl.
Ind8pond•nt •xamln8rf8 Ntatement
I have eornpleted my examinallon. I confirm that nts matter$ have corne lo my 2ttenlKJn In COnn￿tion with the
examination giving me cause lo belleve that in any material respect..
accounting records were not kept in respect ol the charity as requlred by se￿10￿ 386 01 the 200e Act- or
the financial stalemenls do not accord wllh those records., or
the financial statements do not comply with the accounting requlram8nts of $8Ction 396 01 the 2006 Act other
than any requlr6menl that tha 8ccountg 8 Irug and lalr viw whlch is not a matter congldsrod as part of an
indep8nd8nl examinatlon,. or
the fin8nci81 $18temenls have not been prepargd in accordance w41h the melh¢)ds and prlnciples of the
Slalemanl ol Recommandéd Pr8eUcè for accounting and roporling by charlll&s appllc8bl8 to charitie8
pr&paring their accounts in accordanc9 with th8 Financial Reportlng Standard applicablg in the UK and
Republic ol Ireland IFRS 1021.
I have no concems and have come aeross no other matters In connection with the examlnallon to whlch attention
should b8 drawn In Ihls report in ￿￿er lo en8blg 8 prop8r under8landlng of tha Ilnanclal stat&rn9nl$ lo be r9a¢hed.
Jam•8 Hargrèav•8
Cholmondeloy Housè
Dee Hllls Park
Chester
Cheshlr6
CH3 SAR
Dal8d.' 15 May 2024

THE BREN PROJECT
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECElkffBER 2023
Unrg$¢rlctod Unr8strlcted
nds
fund8
2023
2022
Re8trlcted
funds
2022
Total
2022
Not98
Income Irom..
Donations and legacitr5
Charltabl6 actlvllies
Investments
91,753
122.835
1,424
148,710
98,786
144
10,000
158,710
98,786
144
Totsl Incom•
218,012
247,840
10.0(X)
257.640
Expendlturè on:
Charitable aotlvllles
192,960
182,576
10,000
192.576
Total expèndltur•
192.960
182,576
10,000
192,576
Net Income and mov•mènt In funds
23.052
65,(164
65,064
Re¢on¢lllatlon of funds..
Fund balances at 1 January 2023
281.613
216.549
216,S49
Fund balances at 31 D8¢•mb$r 2023
304,665
281.fj13
281,613
The statement of financial aclMtl6s Includes 811 g8lns and Ioss88 recognlsed In th& year. All Income and expendllure
derive from ctsnlinuing 8Ctivities.
Tho notes on pago$ 810 16 form part ol these flnancial 8talemenls.

THE BREN PROJECT
BALANCE SHEET
AS A T 31 DECEMBER 2023
2023
2022
Note6
Flxed 888eto
Tangible assets
11
Current assets
Debtors
Cash at bank and In hand
12
62
306,800
490
292,834
306,862
293,324
Credltors: amounts falllng dua wlthln
on• year
13
11,8411
111,7161
Nèt eurr•nt a8$•t#
305,021
281.608
Total 8$8èts 1088 current Ilabllltles
305,021
281.613
Cmdltors.. amounts fxlllng due after
mor& than ong ygar
14
13561
Net a888t$ ¢xcludSng penslon Ilablllty
304,665
281,613
Net assgts
304.665
281,813
The fund6 of the ¢harlly
Unrestricted funds
304.665
281,613
304,665
281.613
Thg fboles on pages 8 10 16 fom) part of these Ilnandal 5tatement8.
Th8 comp8ny 18 8nli118d to the exempllon from the aud￿ tsqulremenl ¢ontslned In seotlon 477 of thè Companles Act
2006, lor the year ended 31 December 2023.
The dI￿tOr acknowledges her responsibililies for cornplying with the requlrem8nts of thg Companies Aci 2006 with
r88P8Ct to accounting r8cord5 and the preparauon ol financial stglements.
Thè members have not requlfèd thè company to obtaln an audit of ils fin8nclal statements for the year In questlon In
accordance with sects'on 476.
The89 fjnancial stat8m8nts have b8en pre￿r0d in accordance with the provlslons appllcable lo companles subl8cI
to Ihe small companies reglme.
The financl81 statements were approvgd by the INste88 on 14 May 2024
Mr B Harrington
Trusteè
Company reglslrallon number 05551999 (England and Walesl

THE BREN PROJECT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlnu pollcles
Charlty Inft*rmatlon
The Bren Project Is a private company Ilmited by guaranteo incorporated In England and Wales. The
reglst8r6d offic8 Is Cholmond81gy House. 08e Hills Park, Chester, Cheshire. CH3 SAR.
1.1 Aecountlng conventlon
The flnancial 51atement8 hav8 b9en prep8r8d In 8ccordance with the charlty's IMemor8ndum 8nd Ar￿￿85 of
Assoclallon. the CompBnles Act 2006, FRS 102 'Tho Flnanclal Rèporting Standard appllcable in the UK and
Republic ol Ireland. I'FRS 102,1 and th8 Charitles SORP "Accounting and Reporting by Charllieg.. Slat8m8nl
ol Recommended Practl¢e appllcable to charities preparlng th81[ accounts in accordance wllh Ihg Flnanclal
R6porting Standard applicable in the UK and R6public of Ireland IFRS 1021" 16ffectivé 1 January 20191. The
charlly Is a Publlc Ben9fl1 Enllly as defined by FRS 102.
The charlty has taken advantage of the provi8ions In the SORP for charitles not lo prepare a Statement ol
Cash Flows.
The financial statements arè prepared In slerllng, which is th8 funcllonal currency ol the charlly. Monètary
amounts in these financlal slalernents ar8 rounded lo the nearest £.
Thg financlal st81emenls have been prepared under the h1stor￿al cost conv8nlion. The PTinclpal 8ccounling
pollcl?s adopted are sèl out bèlow.
1.2 Golng concem
Al th9 Ilme ol approvlng the finandal slatem8nts, the trustees h8v& a reasonable expeclatlon Ihal lh8 charlty
has adequate r@50urces lo conllnu9 in op8rallon81 exist8ncg for the foreseeable futur8. Thu5 the Iru5t888
continue lo adopl Iha golng concern basis ol awovnting in preparlng thg financial statements.
1.3 Charltablo funds
Unrestricted funds arg av8118ble for use at the discrellon ol the trustees In furtheranco ol thelr charit8b19
object5ves.
Reslrlclod funds ar9 subl8d to specific condlllons by donor5 or grantors as lo how thtry may be us6d. Th8
purposes and uses of the reslrlcted funds are sel out in the notes to thè firianclal slatem8nls.
Endowment lunds 8r8 subjèct lo speolllc eondltlons by donors th81 Ihe eapStal must be malntalned by the
charity.
1.4 Income
Income Is recognlsed when the charity Is legally entitled toll after any pgrforman¢e condllions have been mat.
thg arnounl8 can be measured rell8bly, 8nd il Is prob8ble that income ￿￿11 b8 rec61vod.
Cash donations are recognlsed on receipt, Olh8r donations are recognis8d oncg th8 charity has b8en notified
of tho donallon, unlgss p6rformancè condllions requlfe dèferr81 of the arnount. Income tax recoverable In
ielallon lo donations r8celved under Gilt Aid or daÉds of ¢ovgnant Is reeognis6d at the tim& ol th8 donatson.
L8g&cles are Tecognlsed on receipt or othg*Wl8e il the charlty has baèn notifigd of on impendlng di3lfibutlon,
th8 amount is known, and recelpt Is expected. If thg amount 55 nol known, the legaoy Is treated as
contingent asset.

THE BREN PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
A¢countlng pollcl•s
IContlnuo¢11
1.5 Expendllure
Expendllure is recognised once there is a 1gg81 or constructive obligatlon lo transfer economlc benefit to a
third party, It is probabl8 thgt 8 trAnsfer of economlo benefits will be required ill selllement, and the amount of
Ihe obllgalion can be measured reliably.
Expenditure Is classlled by aclivily. Thg cosL8 of oach activity are made up ol the total of dlrect costs and
shared costs, including SUPFK)rt costs involv6d In undertaking èach 8Ctivlly. Dlrecl costs attrlbulab18 to a sin918
acllvity are allocated dlrectly lo that activity. Shar8d costs which conlrlbule to more than one acllvity and
8UPPOrt costs whlch 8r8 not 8tlributabl6 to a singlo activity Bre &pportion8d b8twegn those a¢llviti8s on a b8818
consSstenl wllh the use of resources. Cgnlr81 staff costs are allocated on the basls ol tlme spent, and
daprgci8tion ch8rgè8 aro allocgtod on tho poruon of the asset's US8.
1.6 Tanglble Il¥ed assels
Tangible lixed assels are Inlllally measured at cost anij subsequenlty measured at cost or valuation, net ol
dopièclatltsn ènd 8ny imp81rmant losses.
Depreclalion 4$ rgcognlsed 30 88 ¢0 write off lh6 cost or v81u811on o188sels less their residual valugs over Ihelr
us&ful Ilves on tho lollowlng bases..
Compul8r5
33% stralght Ilna
The galn or loss arf61ng on the disposal of an ass8t is delermlngd a$ the dlfference belweon the sale proceeds
8Hd the cairylng value of th8 asset, and Is recognised in the statemtsnt of financ481 acllvities.
1.7 Impalrmont of flxed assets
Al each reporting end dale, Ihe ¢h8rily rgviews the carryin9 amounls of its langlble assets to detgrmlne
whether ther& Is any indleatlon Ihat those assets have SUffe￿d an imp8lrment los$. 11 any such ir￿leatIon
exlsts, the recoverable amount ol th8 a888t Is eslim8ted In order to deteimlne the exient of the imp8irment
loss lil any).
1.8 Ca8h and cash equlvalent8
Cash and ¢a8h equlvalents include c8$h in hand, dEposit5 held 81 call wSlh banks, oth8r short-term liquid
Investments wllh original maturlties of three months or less, and bank overdrafts. Bank ovardrafts are shown
thin borrowings in current li8bilitl88.
1.9 Flnan¢l81 Instruments
Th8 charily h88 8led8d lo apply Ihe provlslons of Se￿40n 11 'Baslc Financlal Ingtrum8nt8' and Secllon 12
'Olher Financial Inslwmenls Issues, of FRS 102 to all of It8 financial Instruments.
Flnanclal Instruments are recognlsed In the charity's b8lanc8 sheel when the charlly becomes pariy to the
contrgctual prov181ons of the instrument.
Financial assets and lièbillliès aro offset, wlth the ngt amounts presented in the Ilnanei81 statements. when
Iherg 1$ 818gally gnforceabl8 r￿ht to Sel off the recognlsèd amounts 8nd ther8 Is an inl8nlion to settle on 8 nel
basls orto rgallse th& asset and sew8 the Ilability simultaneously.
Baslc Ilnanclal assels
Baslc linanclal a8sels, which indude dèbtors and cash and bank balances, are Initially me88ured al
transaction prlee ineluding transacllon costs and are subsequently carrled 8t amortlsed cost uslng the effectlve
Inleresl method unless th8 grrangam6nl conslltutas & financlng transaction, wher8 the transadion is
memsured at the present value of the lulure receipts d18counled al a market rate of Interest. Flnancial assets
cla8sill8d as r8ceivablg wlthln one year are not amortlsed.

THE BREN PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng pollol¢¥
Icontlnuedl
Baslc Ilnanclal Ilabllitlos
Baslc ffnanclal Ilabllitias, includlng cr6dltors and bank loans 8re Initially r6cognls6d al transaction pric8 unlgss
the arrangement conslitules a financing transaction, where the debt instrument Is measured al the present
value ol the ltslure payments dlscounted at a market rato of inlgresl. Flnanclal li8bi151ies classified as payable
wlthin one year are not amortlsed.
Debt Inslrurn8nts arg subsequently carrS8d at arnortlsed cost, uslng th8 effe¢live Interest rate method.
Trade creditors are obllgatlons lo pay for goods or servlces that have b98n aoquired in the ordlnary coursg of
operations from suppli8rs. Amounts payab18 are clAssiI8d 88 currenl Ilabi151ies if payment 15 due wlthin on8
year or less. If not, Ihey are presented as non-cvrrent liabllltlas. Trade cr8ditors are recognlsed inillally al
transaellon prfee and subsèquently m68sured al amortised cost using the effectlve Interest method.
Der8cognltlon of flnaftclAI Ilabllltlos
FlnancSal liabllllies are derecognlsed when the charlly's contr8Ctual obllgatlons explre or are disohargod or
C8nc8118d.
1.10 Employao b8heflt8
Th8 cost of any unused holiday enlillem8nl is rècognised In the perlod In whlch th8 8rnployee'3 $8rvic98 are
recelved.
Termlnalion benefiis are recognlsed immedlalely as an expense whan the charity is demonstrably commltled
to termlnAte thè tmploymgnl ol an ernploy88 or to provid8 lerrnlnalion benefits.
1.11 Rètlromant bon•flt$
Payments lo dallned wntrlbulion r6tir6ment benefit sch8mes are charged as an axponsts as thèy fall ijua.
Crltlcal accountlng 8Stlmat85 and Judg•monts
In the appllcallon ol th8 ch8rity'$ aecountlng pollcles. the tru51e8s are requlred to make ludgèmenls, estlmAtes
and assumptions about the carrying amount of as88ts and liabllSlles that ale nol roadily apparent from other
sources. The estimates and assoclatèd assumptlons are ba8ad on historical experleneè and other factors thAt
8ra conslder9d to be relevant. Actual results may diff8r from Ihese estimat89.
Th8 estimates and underlying assuniplions arè r8viewed on an ongolng basis. Revi8ions 10 Èc¢ounting
esllmales are recognised In the period In which the esllmalo ￿$ revisgd where the revlslon aff8cls only that
period, or in th8 period of the rgvision and futurè p8riods where the re￿$lon affects both current and lulure
Pgriods.
Income from donatlons and Iogacleg
Unrostrlcted Restrlct*d
fund$
funds
2023
2023
Total Unrg$trl¢tsd Restrlcted
fund¥
funds
2022
2022
Total
2023
2022
Don8lions and gifts
Grants rocelvabl6
5.670
86.083
5,670
86,083
22,399
126,311
22,399
136.311
10.000
91,753
91,753
148,710
10,000
158,710
10.

THE BREN PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
In¢ome from donallons and l¢gael•s
Icontlnugdl
Unrestrlcted Re$lrlcted
lunds
funds
2023
2023
Total Unr•strict8d Rostrlctad
funds
funds
2022
2022
Total
2023
2022
Grants rocolvabl• for coro actlvltl•s
Blg Lottery
Olh6r
10.000
10.000
126,311
86.083
86,083
126,311
86.083
86,083
126,311
10.000
136,311
Incom• from ch8rltabl• a¢t5vltl08
Unrestrlcled
funds
2023
Unreslrlcted
funds
2022
Brnn Blk•s
Bren 8lkes
122,835
98,786
Ineom• from Inv88tm8nt8
Unr8Strlcted Unrostrlctod
funds
funds
2023
2022
Interest recelvable
1.424
144

THE BREN PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED>
FOR THE YEAR ENDED 31 DECEMBER 2023
Expendllure on charltable actlvltles
General Bron Blkos
Fufids
2023
Totsl
G•n•rnl Brgn Blkes
Funds
2022
Total
2023
2023
2022
2022
Dlr0Ct costs
Staff costs
Depreciation and
Impairrngnt
Charitable 8xpendlture
Rent
65.354
61,610
126,964
56,102
57,4f2
113.514
14e
148
S,535
7,200
12.735
4,8fj2
7,200
12,(￿2
Charitable expenditure
Repalrs & Maintanence
Charitable èxpenditure
Insur8n¢e
533
533
1,414
1,414
1.272
1,272
1.221
1,221
Charllable experHlltur8
Motor & Travel Costs
913
913
829
829
Charllable oxpendltur8
Lo981 & prof88slonal fe8S
2.880
2,880
14.022
14,022
Charitable expendlturé
Telaphonè
Charllabl8 8xpendilure
Olher orrice costs
Charitable expendlluro
Staff Tralnlng
Charitabl8 expgnditure
Computer Costs
829
829
960
960
3.330
3,330
5.326
5,326
751
751
179
f79
ss
55
Ch8rit8blè 8xp8ndllure
Subscrlptlons
Charitable expendlturè
Benefici8ry training &
support
561
561
725
725
6,469
6,469
7,423
7.423
CharS18blè expsnditure
materlals & equlpmenl
491
32.719
33,210
416
31,425
31.841
89,102
101,529
190,631
93.503
96,037
189,540
Share ol support and govèrnaneè costs Is8è notè 71
Governance
2,329
2,329
3.036
3,036
91,431
101.529
192.960
96,S39
96.037
192,576
12-

THE BREN PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Expèndlturg on charltablo actlvltles
IContlnugd}
Analysls by fund
Unrestrlcted funds-
general
R881rlcled funds
91,431
101.529
192,960
86,539
10,000
96.037
182,576
10,000
91.431
101,529
192,960
96.539
96.037
192,576
support cost8 allocattd tts acllvltles
G•noral
Funds
2023
Total
2022
Governance
2,329
3.036
2023
2022
Governan¢g costs compr189:
Indpgndenl examlner f8e
Other Ilnandal Se￿Ice8
1,622
707
1,526
1,510
2.329
3,036
Tru8te•8
Nong ol the trust695 lor 8ny p8rson8 (x)nn8cl8d with Iheml received any remunefatlon or benefits from the
eharfty durlng the year.
Employè•s
The average monthly numb9r of e￿￿oyees durfng the year wag..
2023
Numb•r
2022
Numb•r
Employment ¢06t8
2023
2022
Wag8s and sala¥i98
Olh8r p8nslon costs
123,892
3.072
111,262
2,252
126,964
113,S14
13

THE BREN PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED>
FOR THE YEAR ENDED 31 DECEMBER 2023
Employees
Icontlnuedl
Thèro wer9 llo 9mploye8s whose annual remunwatlon w88 more than £60.000.
10 Taxatlon
The ch8Ttly Is exempt from taxallon on Its actSvSlles becaus8 all its income Is appligd for charftable purposes.
11 Tanglblo fixed a88•ts
Co¥nputer•
Cost
At 1 January 2023
5,576
At 31 D&¢ember 2023
5,S76
Dèpr8clatlon and Impalm)ent
At l January 2023
Dèpr8elallon charged in the year
5,571
At 31 December 2023
5,576
Carrylng amount
At 31 December 2022
12 Debtors
2023
2022
Amounts fèllln9 duo wlthln ono year..
Other debtors
62
13 Credltors: amounls fallSng due w51hln one year
2023
2022
Notes
Deferred Incoma
Accruals and dèferred income
15
10.000
1.716
1.841
1.841
71.718
14 Cred5tor8: amounts falllng du• aft•r moro than on• year
2023
2022
Accruals and d8f&rred income
356
14-

THE BREN PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
15 D&f•rr•d Ineomo
2023
2022
Other d6ferr8d Income
10,000
Deferred Income Is Included In the flnanGlal 5t&tements as follows:
2023
2022
Def6rr&d incomg is included ¥￿thIn..
10,000
Movemènts in tho year..
Dele118d inwmg al 1 January 2023
Released from previous periods
Resources d&ferred in the yeai
10,000
110,0001
10,000
Defarred Incom8 gt 31 Decembor 2023
10.000
18 Rellr•m•nt bonèfll Schemes
2023
2022
Oellned contrlbutlon schemes
Charg& to profll or loss in respect of deflned contrlbullon $ch8me8
3,072
2,252
The charlty opèrates a defined contrlbutlon pension schème for all qualilyino employees. The assets of tha
8chgm9 are held Se￿rat&1Y from those of the charity in an independently admlnlstereil fund.
17 Unrèstrlcl•d fund8
Tha unrèstricted funds ol the charlty comprlstr the unexpended balanees of donations and grants whlch are
not subject to speeiftc conditions by donors and grantors as lo how th8y may be used. Th889 includg
deslgnalod ftJnd8 whlch have been set asld6 out ol unrestri¢18d lunds by th8 Iwslees for speclflB purposes.
At 1 January
2023
Incornlng Resourcfrs
resources
oxpènded
At31
Do¢embor
2023
New Proleot Deslgnaled Fund5
General Funds
149,563
132,050
1,424
214,588
150,987
153,678
If92,9601
281,613
216.012
1192,9601
304.665
15

THE BREN PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
17 Unrostrletèd funds
Icontlnuodl
Prevlous year..
At 1 January
2022
Incomlng
r•souree$
Resource8
èxpèndèd
At31
D•¢embèr
2022
New Project D&slgnat8d Funds
General funds
149.419
67.130
144
247,496
149,563
132,050
1182,5761
216,549
247,e40
1182,5761
281,613
18 Relatèd PArty trantsoctlon$
There were no dlscl088b19 relgled party Iransacllons durlng the year {2022- none).
16-