REGISTERED COMPANY NUMBER: 03693499 (England and Wales)
REGISTERED CHARITY NUMBER: 1115990
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
FOR
B:RAP LTD
HB&O Ltd
Chartered Accountants and Statiitory Auditor
Highdown House
I l Highdowi Road
Leamington Spa
Warwickshire
CV31 IXT

B:RAP LTD
CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 202$
Page
Report of the Trustees
Report of the Independent Auditors
Statement of Financlal Aetlvities
Balance Sheet
9 to 10
Cash Flow Statement
Notes to the Cash Flow Statement
12
Notes to the Flnanclal Statements
13 10 20
Detailed Statement of Financlal Actlvltles
21 10 22

B:RAP LTD
REPORT OF THE TRUSTEES
for the year ended 31 March 2025
The trustees who are also directors of the charity for Il)e purposes of the Coinpanies Act 2006, present their report with
thc financial statcmcnls of thc chlL rity for thc ycar cndcd 31 March 2025. Thc trustccs havL adoptcd thc provisions of
Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their
accounts in a¢cordan¢¢ with th¢ Financial R¢porting Standard applicable in die UK and R¢publi¢ of Ireland (FRS 102)
(effective l January 2019).
Thc Trustccs who arc also dircctors of thc charity for thc purposcd of thc Companics Act 2006, prcscnt thcir rcport with
the financial statements of the charity for the year ended I l March 25.
About B:RAP
B-RAP is a charity transforming thc way in which wc think about and do cquity work. Last ycar, our 25th Ycar of
incorporation as a charity
we launched our new manifesto
Di'eams and Schemes and in this trustee report, our
intei)tion is to report against its ambitions as we seek to increase our iinpact on discrimination.
The four pillars of our new strategic plan, 'Dreams and Schemes,. are Ener%y ? Insight, Independence and Ambition.
Wc havc aligncd a sclcction of our work during 24125 with thcsc new stratcLFic objcctives to gyivc readers to get a scnsc
of how w¢ bring thes¢ aspirations to life through ow work.
OBJECTIVE ONE - EIYERGY is about the opportunity to create diff¢rcnt/n¢w narratives about equity that resonate
with pcoplc. Wc rccognisc tlial Ilicrc is oftcn a lack of ciilliusiasm about CqLiality - it is vcry much a tick box rcquircmcnt
rathcr than a passionate bcli¢f that what w¢ do can mak¢ an impact on pcople's Iiv¢s.
EquAllty Republle - This is a movcmcnt of individuals and orgyanisalions who havc an anibition to livc in a socicty
whci'c cquality is a rcalily aiid has gyrcatcr inipactlmcaningi in our livcs. Il is owncd by ils 192 mcmbcrs. Last ycar Ilie
RLpiiblic hosicd 8 cvcnts.. Amal Azziidin's journcy Ihiiinan rigyhls camp¢ligFiicrl, 2 wcbiiiars hoslcd by Robiii Di AngFcIo
{Facilil<ilin&i anli-racisni and Anti-racisl org?anisalionsl, Too Hol to Haiidlc w¢binar, b'.rap's r¢flc¢lions on anli-racisin
facililalion, ConncclEd (a projcct lo dcvclop bclil¢viour managicmcnt rcsourccs for schools), ali liilroduclion lo
anti-racisin woi-kshop, and an Anli-blackncss discussion for Black and Fjrown individuals.
Booteamp - Olir aiili-racist bootcainps arc giainingy a Icgicndary rcpiilalioii in Ilic Inai-kcl placc. Last ycar's boolcamp was
PIL I'ti¢uliL rly fL1bulous. Wc wcrc abl¢ lo by¢l accoinn)odalion spoiisor¥d by Birn)iiigyhLilll City Univcrsily and had 53 pcoplc
attciid iii pcrson. Thc focus ot thc bootcamps is about intcnsc pcrsonal and skill dcvelopmcnl.
Equity Unpaeked- Wc dcviscd and advcrtiscd our first Equity Unpackcd prograniinc, aimcd al individuals who hold an
Equality, DivLr8ily and Inclusioii rolc or porifolio. Tlic purposc of Ilic 6-day progirammc is lo rcvicw thc approach lo
EDI, and 10 think critically about what impact means, how il Is created, and the role of the EDI practitioner in facilitating
progress in the area of EDI. Our intcntioii would be to repeat the prograinme in 24125.
OBJECTIVE TWO INSIGHT - This objective is very miich about b.'rap's commitment to continiie to learn and
cnib()dy ncw pracliccs. Our coinmilincnl lo ihc praclicc of proccss-oi-iciilcd psycholc)gy is a corc parl of ihis objceliv¢
and, in addition, this year we intend to build on our systems change work, including human system design. Our skill sets
create iinportant opportiinilies for the brap tearn to connect and to inaintain our relevance, and to give us an edge to
workin&7 in this space. InsiL,ht is also abolit hclpingJ our partners and collaborations cut through soine of the coinplexities
of equality work by providing meaningful guidance.
One of the ways we aim to achieve this objective is by strengythening our social media and online presence lo better
reach and eiigage our aiidience. Receiitly, we made the decisioii to leave Twitterlx due to coiicerns over its directioii.
Howcvcr, ¢v¢n b¢forc this, wc wcrc alrcady i-casscssing how bcsl to coniicct witli thos¢ who n¢cd our support. Wc arc
now focusing more on LinkedIn, where we can engage directly with professionals and organisalions.
In Oct 2024_ Posted a video about Too Hot to Handle. About 7,600 impressions, plus discussion in the comments
In Novcmbcr 2024 - Postcd a blog in which wc discuss tcrn]inology around 'rac¢'. About 1,800 imprcssions
Iii Dec 24 - Posted about the 'subtle' ways EDI professionals are undem)ined (e.g. leaders setting expectatioiis too l)igh).
Pi'esented b-rap development prograll]me 'Equity Unpacked, as a solution. About 2,500 impressions, plus discussion
generated in cornments
Page I

B:RAP LTD
REPORT OF THE TRUSTEES
for the year ended 31 March 2025
Just some feedbaek on the website:
o in th¢ last year (i.¢. March 24 to March 25), w¢'v¢ had over 50,000 visitors to the b.'rap site
o About 18,000 people have viewed the Too Hol to Handle page. It is still the most visited page on our sile, getting
about l 00-120 visits a w¢¢k
o Apart from Too Hot to Handle, our most popular blogs this last financial year have been..
diis post about the riots.. Mvw.b.'rap.org.uklposVth¢-i-¢¢¢nt-riots-ar¢-a-wak¢-up-call
this post from 2020, whcrc wc talk abolit our antiracism support..
www.b'.rap.org.uk/post/anti-racist-learning-thinking-and-practice
this post which contains our subinissioii lo Parliaineiil, argiiiiig race eqiiality is lii)ked to incivility. which is linked to
patient safety.. www.b.'I'ap.org?.uk/postlnhs-leadei'ship-performance-and-patient-safety
OBJECTIVE THREE INDEPENDENCE This objective is about creatingT co-conspirators in this work. People
who can show up in how they us¢ opportunities to cr¢ate ¢quity, but also those who take accountability for it.
Oxfam - We have had a long-t¢rn] partnersliip with Oxfani who ask¢d us to b¢ th¢ir learning partner as the organisalion
rcposilioncd tlicir equalitics agicnda. Thcir work has bccn very edgy and involved Ihc organisation thinkingJ critically
about thcir worldwide relationships and puttingy in placc stratcgyics to dccolonisc thcsc, as wcll as thcir inlcrnal woi'k and
relationships. WL l)avc dirccily siipporlcd ihcir cqualitics tcain, l)clpcd will) thc slralcLyic po8ilioning of this work,
offcrcd coacliingy and devclopiiicnt, aiid also offcrcd input into Ilicii. slralcg¥ics. As thc parlncrsliip is drawingi to a natural
conclusion, w¢ ii)lend lo do sonie evaluation to review the last 5 years.
Royal Free - Our partncrship with Ihc Royal Frcc commcnccd l years ag70, when thc or&Fanisc1tion dccidcd that Ihcy
waiilLd 10 coinmil 10 anti-racism. Wc havc run a iiumbcr ol. progFrainmcs tor this orgJanisatioii, iiicludiiig progJi'aniincs tor
wliile Icadci-s and also for gylobal majority staff. As wc have undci'takcn a sig7nificant aiiiount of work willi thc Royal
Frcc, wc arc kccn to cvaluatc our cfforls aiid arc undcrtakii)&y a longyitudiiial cvaluation to undcrstaiid morc about our
collcctivc iinpact.
Comlc Rellef - Comic Rclicf has bccn an activc partncr, duc 10 thcir commitmcnt 10 bccomc an anli-racist organisaiion.
Tliis has involvcd workinbi with Ilicir scnior managiciMcnt tcam on thcir Icadcrship of anti-racism and how thcsc cfforts
can show up practically iii thcir work.
Kln%'s Fund - We have a developing partnership with the King's Fund, which holds within it their desires to be more
awarc of racc incquality and its iimpact, givcii Ilicir missioii lo tacklc health incqualilics. Wc havc also dcvclopcd a
co-dclivcrcd progyrainmc callcd Activatc, bascd on b.'rap's work on anti-racism.
Board work - Wc have dclivcred many sessions to boards to support board undcrstandingi, includingv an undcrstanding
of impact in relation to EDI and to think more critically about the board's role in being accountable for progress.
Wlth:Stand This is a positive action programme to support individuals who are racialised as Rlack or Brown lo think
about ihcir skills and carcLr trajcclory. This is iiol a rcmcdial progyrainmc
il docs iiol pailiologiisc individuals- but
recognises and supports them to understand how systemic racisin might get in the way of their ainbilions and what they
might do aboiil it. The progran]me lias excellent evaluation data and participaiits have found their attendance
m¢aningful, boili pcrsonally and profcssionally.
OBJECTIVE FOUR - AMBITION - Our ambitions around ¢quity hav¢ hit an all-tim¢ low and arc vciy much linkcd
to our first strategic objective 'energy'. Without understanding what we need to be arnbitious about and what can
poteiilially shift and cliange because of tliis ambition, equality becomes a perfonnative sport with prizes for what we are
able to do - not what we are able to changye.
Barrow Cadbury Trust - Breaklng the Cycles This is work that is local to BirmIn￿]am, designed to illuminate the
intersect of poverty and race, and is part of Barrow Cadbury's Economic Justice programme.
Camden Giving - We have been working with Camden Giving who have been piloting a new way of thinking about,
assessing and making decisions on grant funding. This has been an excellent piece of work, reflecting the aspirations of
both Camden Giving and b'.rap.
Page 2

B:RAP LTD
REPORT OF THE TRUSTEES
for the year ended 31 March 2025
Impact on Urban Health - We have completed a year's worth of work with IOUH, who work primarily to address
health inequality ii) tl)eir local area. This organisation asked b'.rap to review their understanding and Use of power
qiiestion that is rarely asked by organisations who are positioned to be of help to others. Implicit in their question was a
critical interrogation of how they use their resources to support their local community. This was a challenging inquiry
and wc hopc that it has Icft loUH bcttcr ablc to qucstion what Ihcy arc doing and why thcy arc doing it.
SAFE - The SAFE prograinmc is dcsigncd to support Icachcrs to undcrstand how Ihcy can rcducc thc cxclusion pattcrns
of Black children and develop relationships which enable them to Stay in school and succeed. The output of this project
will be teacher r¢sour¢¢s, which include videos of young people, t¢ach¢rs and parei)ts about their ¢xp¢ri¢nc¢s in the
systcm, in an aitcmpt to bring thcsc cxpcricnccs to lifc and promolc changc.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Thc charity is controllcd by its govcrning documcnt, a dccd of trust, and consiitutcs a limilcd company. limitcd by
guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Reglstered Company number
01693499 IEngTland and Wales)
Reglstered Charlty number
1115990
Reglstered o￿l¢e
Tlic Miisclcy ExchaiibFC
Ofticc 8
149_153 Alccstcr Road
Biriiiingyliam
B138JP
Trustees
Ms M Coniielly
l Dchal (rcsibFn¥d 3.9.2()25)
Ms K (irccnbaiik Ircsigncd 5.4.2024)
C J Harris
Di. S Hussain (rcsibyncd 21.3.2025)
A P Joncs
Ms N Klinc
Ms M C Tomlinson (resigned 21.3.2025)
A S Williams (rcsigiied 27.8.2025)
Ms. A T Barbosa Richards (appoiiited l O.11.2024)
Ms A M Burns (appointed 22.9.2024)
M S Eav¢s-S¢¢l¢y {appoint¢d 22.9.2024)
Ms D Ohai (appointed 18.11.2024)
Audltors
HB&O Ltd
Cliartcr¢d Accountants and Statutory Aiidilor
Highdowi House
I l Highdowii Road
LeamingJton Spa
Wanvickshire
CV31 IXT
TRUSTEES, RESPOINSIBILITY STATEMENT
The trustees (who are also the directors of B'.rap Ltd for the purposes of company law) are responsible for preparing the
Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting
Standards (Unitcd Kingdom G¢n¢rally Acc¢pt¢d Accounting Practicc).
Page 3

B:RAP LTD
REPORT OF THE TRUSTEES
for the year ended 31 March 2025
TRUSTEES, RESPOI¥JSIBILITY STA TEMENT - continued
Company law requires the tLUStees to prepare financial statements for each financial year. Under that law, the trustees
have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting
Practicc (Unitcd Kingdom Accounting Standards and applicablc law).
Under company law th¢ trust¢¢s must not approve th¢ financial stat¢m¢nts unless they are satisfi¢d that they give a In]e
and fair vicw of thc statc of 1¢ ffairs of Ihc charitablc coinpany and of the incoming rcsourccs and application of
resources, including the income and expenditure, of the charitable company for that period. In pi'epai'ing those financial
statemei)ts, the trust¢¢s are r¢quir¢d to
select suitable accounting policies and then apply them consistently;
obscrvc thc mcthods and principlcs in Ihc Charitics SORP;
make judgements and estimates that are reasonable and prudent;
prcparc thc tinAI)cial slatcn)¢nts on the going concern basis unless it is inappropriate 10 presume that the cliarilable
coiiipany will coiitinuc in busincss.
Thc trustccs are rcspoi)siblc for kceping propcr accounting records which disclosc with rcasonablc accuracy at any lime
thc financial position of the charitablc company and to cnablc thcni to cnsurc that thc financial statcnicnts coinply with
th¢ Compaiii¢s Act 2006. They arc also rcsponsibl¢ for saf¢guarding th¢ asscls of th¢ charilabl¢ compaiiy and li¢nc¢ for
taking? rca50nablc stcps foi- Ilie prcvcnlion and dctcction of fraud and otlici- iri-cg?Ii11c rilics.
lii so far as tlic trustccs arc awarc:
there is no relcvant audit intormation of which thc charitable compaiiy's auditors are unaware; ai)d
thc trustccs havc takcn all stcps Ilial Ihcy ought to havc takcn to makc thcmsclvcs awarc of any rclcvaiit audit
information and to ¢stablish Ilial thc auditors arc awarc of that iiifornialion.
AUDITORS
Tlic auditors, HB&O Lid, will bc proposcd for rc-appoiiilincnl al Ihc forthcoining Annual Gcncral Mccting.
Approvcd by ordcr of thc board of trustccs on
and sigincd on its bchalf by..
Ms M Connelly - Trustee
Page 4

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
B:RAP LTD
Opinion
Wc havc auditcd thc financial statcmcnts of B'.rap Ltd (thc 'charitablc company,) for Ihc ycar cndcd 31 March 2025
which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the
finai)cial stateinei)ts, including a suinmary of significant accounting policies. The financial reporting framework that l)as
bccn applicd in thcir prcparalion is applicablL law and Uniicd Kingdom Accounting Standards (Unitcd Kingdom
Generally Accepted Accounting Practice).
In our opinion the financial slalements..
give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming
rcsourccs and application of rcsourccs, including its incomc and cxpcnditurc, for thc ycar Ihcn cndcd.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice- and
have been pr¢par¢d in accordance with the requirements of the Coinpanies Act 2006.
Basis for opinion
Wc conducicd our audit in accordancc with Intcrnational Standards on Auditing (UK) (ISAS (UK)) and applicablc law.
Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the
finai)cial slatcinci)ts scction of our rcport. Wc arc ii)dcpcndciil of Il)c charitabl¢ compAI)y iii accordancc with Ili¢ cthical
rcquii'LnicnlS that arc rclcvant to our audil of the financi411 slalcincnts in the UK, incliidingy tlic FRC'S Eihic(Il Stcindard,
and we hav¢ ￿lfIlled our oth¢r etl)i¢al responsibilities in accordance with Ili¢s¢ requirements. We b¢li¢ve that the audit
evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Concluslons relatlng to Rolng concern
In auditing) Ihc financial statcincnls, wc hav¢ concluded that the trustees, use of the goingF concern basis of accounting in
the preparation of tlie financial slalemenls is appropriate.
Rased on the work we have performed, we have not identified any matei'ial uncertainties relating to events or conditions
that, iiidividiially or collLctivcly, may cast sig¥nitiLant dolibt oli IIIL chai'ilablL conipaiiy's ability 10 contiiiuc as a gyoiiig
concern for a pcriod of al Icasl twelve moiiilis froin whcn Ilic financial slalcmcnts arc authoriscd for issuc.
Oiir rcsponsibiliiics and Ihc rcsponsibilitics of thc trustccs with rcspcct to going concern arc dcscribcd in Ihc rclcvant
scclions of this rcport.
Other Snformatlon
Tlic triistccs arc rcsponsiblc for thc oihcr iiiformalion. Thc otlicr iiiforinalioii coinpi'iscs Ilic informic tion includcd in the
Aiiiiual Report, othcr Ilian thc financial statcincnls and our Rcporl of thc Indcpciidciil Auditors Ilicrcon.
Our opinion on thc financial Slaicmcnts docs not covcr the olhcr information and, cxccpl to the cxlcnt othcnvise
cxpliciily slalcd in our rcport, wc do not cxprcss any form of assurancc conclusioii Ihcrcon.
lii coiincction with our audit of the fiiiancial statcmcnts, our responsibility is to read Ihc oilicr information and, in doing
so, consider whctlicr Ihc other information is inatcrially inconsistcnt with thc financial statcnicnts or our knowlcdgie
obtained in the audit or othenvise appear5 to be materially misstated. If we identify such material inconsistencies or
apparcnl malLrial misslalcinciils, wc arc rcquii-cd lo dclcnninc wliciliLr this givcs i-isc to a malcrial misslalcni¢iil iii th¢
financial stlLtcin¢nts thcmsclvcs. If, blLscd on th¢ work we havc pcrformcd, we concludc that thcre is a niatcrilL I
misstatenient of this other information, we are required to report that fact. We have nothing to report in this regard.
Matters on whlch wc are rcqulrcd to rcport by cxccptlon
Wc liavc notliiiiby to r¢port in rcspL¢t of the following inaltcrs wli¢r¢ thc Chariti¢s {Accoiints and R¢ports) Rcgulations
2008 requires lis to report to you il, in our opinion:
the inforn]ation given in the Report of the Trustees is inconsistent iii any material respect with the financial
stat¢ni¢nts; or
the charitable company has not kept adequate accounting records; or
tlic financial statcmcnts arc not in agrc¢m¢nl with thc accounting r¢¢ords and r¢turns' or
we have not received all the information and explanations we require for our audit.
Page 5

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
B:RAP LTD
Responsibilities of trustees
As explained more fully in the Trustees, Responsibilities Statement, the trustees (who are also the directors of the
Charitable compai)y for the purposes of company law) are responsible for the preparatioi) of the finaneial statements and
for bcing satisficd that thcy givc a truc and fair vicw, and for such intcn)al control as thc trustccs dLtcrminc is ncccssary
to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable conipany's ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern
basis of accounting unlcss thc trustccs citlicr inlcnd to liqiiidaic thc charitablc company or to ccasc opci-ations, or havc
no realistic alternative but lo do so.
Our responsibilltles for the audlt of the financlal statements
We have beeii appointed as auditors under Section 144 of Ilie Charities Act 2011 and report in accordance with the Act
and rclcvanl rcgJulations madc oi- having cffcct thcrcundcr.
Oiir objLctivcs arc to obiaiii r¢asoiiablc assiirancc about whcilicr Ilic finai)cial slal¢in¢i)Is as a wholc arc frcc froin
matci-ial misstalcincnt, wliclher duL to frciud or cn'or, and lo issuc a Report of the IndcpLndcnt Auditors that includcs our
opinion. Reasonable assurai)c¢ is a high level of assurai)ce. bul is not a guaraiit¢¢ that an audit conducted in accordance
with ISAS (UK) will always dctect a matcrial Inisslalement when il exists. Misstatcmcnts cai) arise froin traud or crror
and arc considcred malcrial if, individually or in Ihc agg)i'cg?atc, they could reasonably be expected to influence the
ecoiiomic decisions of uscrs takeii oli thc basis of tli¢s¢ finaiicial statcments.
Th¢ extent lo which our procedures ar¢ capable of dctccling irrcgulai'ities, including fraud is dctailcd below:
Thc audit proccss incliides an asscssrncnt of thc cnlity'5 risk cnvironmcnl, Ihroiigih cnqiiiry of and discussion with
Inai)agycnici)I, ii)cludiii&i an asscssmcnt of ai)y kcy laws and rcgiulations with which thc coinp21ny Inust coniply in Ilie
ordinary coursc of its biisiiicss.
Additionally, thc ovcrall risks of irrcgular transactions occiirring arc asscsscd following our obscrvalions and
coiifiriiilL tion of thc dcsi&Fll <iiid iinplcmcnLition ot mi2n<l&Fcincnt's controls. Wliilst WC <irc miiidfLiI of thcsc risks, our audit
focus is gFcarcd towards th¢ I'isk of Inatcrial IMisslalcnicnt in thc financial slalcniciits as a wholc.
As sucli, our proccdurcs eaiiiiot giiar1c ntcc that all transactions liavc bccn fully coinpli<2nt with all i-clcvant laws aiid
rcg?ulcltions, ii)cludiiig Ihosc rcbyulatioi)s rclalii)g¥ to fraud, as our proccdurcs arc not dcsibyi)cd lo dclcct all inslanccs of
noii-conipliancc. By dcfinition, thc risk of our dctcclion of non-coiiipliaiicc is g?rcalcr wherc compliancc with a law or
rcgyulation is rcmovcd froin tlic cvcnts and transactions rcflcctcd in thc financial s121l¢mcnts. Thc risk is also byrcalcr
rcg71c rdiiig7 iri'cg?ularilic5 duc to fraud rather than error, as fraud involves intentional concealment, forgery, collusion,
oniission or misi'¥prcscntation
A further description of our rcsponsibilitics for the audit of tlie financial slalcmcnts is locatcd on thc Fiiiancial Reportiiig
Council's wcbsilc al www.fr¢.org.uk/audilorsrcsponsibiliti¢s. This dcscriplion forms part of our R¢port of th¢
liidependent Auditors.
Page 6

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
B:RAP LTD
Use of our report
This report is made solely to the charilable companvs trustees, as a body, in accordance with Part 4 of the Charities
(Accoui)Is and Reports) Reglllatioi)s 2008. Our audit work has beei) undertaken so that we might state to Il)e charitable
coinpany's trustccs thosc matlcrs wc arc rcquircd to statc to thcm in an auditors, rcport and for no othcr purposc. To thc
fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company
and th¢ cliarilabl¢ company's tn]st¢s as a body, for our audit work, for this report, or for th¢ opinions we hav¢ fom]ed.
HB&O Ltd
Cliartcrcd Accountants and Slalulory Auditor
Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006
Higl)down House
I l Highdown Road
Leainington Spa
WaiiviLksliii'c
CV.11 IXT
Dalc..
Page 7

B:RAP LTD
STATEMENT OF FINANCIAL ACTIVtTIES
for the year ended 31 March 2025
2025
Total
funds
2024
Total
funds
Unrcstrictcd
tund
Rcstrictcd
tunds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
6,498
Charitable activities
Piitling You, in cquality
Putting 'US' into communities
Piitling'WE' in work
Pulling'ME' in voice
Learning
Cominui)ity
Research
45,375
201,535
807,331
66,350
489,493
299,445
151,425
489,493
299,445
151,425
Total
940,363
940,363
1,127,089
EXPENDITURE ON
Charitable activitles
SLipporl Costs
Activiles undcrtakcn dircctly
180,383
770,743
180,383
770,743
130,906
790,944
Total
951,126
951,126
921,850
NET INCOMEI(EXPENDITURE)
Transfers between funds
(10,763)
14,803
(10,763)
205,239
15
(14,803)
Net movement In funds
4,040
(14,803)
(10,763)
205,239
RECONCILIATION OF FUNDS
Total lunds bi'ou&ilil torward
839,942
14,803
854,745
649,506
TOTAL FUNDS CARRIED FORWARD
843,982
843,982
854,745
The notes fom) part of these financial statements
Page 8

B:RAP LTD
BALANCE SHEET
31 March 2025
2025
Total
funds
2024
Total
funds
Unrcstrictcd
tund
Rcstrictcd
tunds
Notes
FIXED ASSETS
Tangible assets
io
22,474
22,474
26,466
CURRENT ASSETS
Dcbtors
Cash at bank
197,647
908,013
197,647
908,013
258,119
756,439
1,105.660
1,105,660
1.014,558
CREDITORS
Amounts falling due within one year
12
(37,679)
(37,679)
(14,762)
NET CURRENT ASSETS
1,067,981
1,067,981
999,796
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,090,455
1,090,455
1,026,262
ACCRUALS AND DEFERRED INCOME
14
(246,473)
(246,473)
(171,517)
NET ASSETS
843,982
843,982
854,745
FUNDS
Uiir¢stri¢lcd funds
Rcstrictcd funds
15
843,982
839,942
14,803
TOTAL FUNDS
843,982
854,745
Thc charilablc Col￿panY is entitlcd to cxcmption from audit undcr Scction 477 of tlic Conipanics Act 2006 for thc ycar
ended 31 March 2025.
The members have not dcposited notice, pursuant to Section 476 of the Companies Act 2006 requiringv an audit of these
financial statements.
The trustees acknowledge their responsibilities for
(a)
eiisuring that the charitable company keeps accounting records tlial comply witli Sections 386 and 387 of the
Companies Act 2006 and
preparing financial statements which give a true and fair view of the state of affairs of the charitable company as
at Ili¢ cnd of cach financial ycar and of its siirplus or dcficit for ¢a¢li financial y¢ar in a¢¢ordan¢¢ with tlic
reqiiirements ol Sections .394 and 395 and which otherwise comply with the requirements of the Conipanies Act
2006 relating to financial slalements, so far as applicable to the charitable company.
(bl
These f￿anCIal statements have been audited under the requirements of Section 145 of the Charities Act 2011.
The notes fom) part of these financial statements
Page 9
continued...

B:RAP LTD
BALANCE SHEET - continued
31 March 2025
These financial statements have been prepared in accordance with the provisions applicable to charitable companies
subject to the small ¢ompani¢s r¢giin¢.
The financial statements were approved by the Board of Trustees and authorised for issue
and w¢r¢ sigiied on its behalf by..
on
M Connclly- Trustcc
The notes fom) part of these financial statements
Page 10

B:RAP LTD
CASH FLOIV STA TEMENT
for the year ended 31 March 2025
2025
2024
Noics
Cash flows from operating activities
Cash generated from operations
1$9,889
78,797
Net cash provided by operating activities
159,889
78,797
Cash flows from investing aetivities
Purchasc of tangiblc fixcd asscts
(8,315)
(15,913)
Nci cash uscd in invcsting activitics
(8,315)
(15,913)
Change in cash and cash equivalent5 In
the reporting period
Cash and cash equivalents at the
beglnnlng of the reportlng perlod
151,574
62,884
756,439
693,555
Cash and eash equlvalents at the end of
the reportlnR perlod
908,013
75(),439
The notes forni part of these financial statements
Pagell

B:RAP LTD
NOTES TO THE CASH FLOW STATEMENT
for the year ended 31 March 2025
RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM
OPERA TING ACTIVITIES
2025
2024
Net (expenditure)lin¢ome for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Decrease in debtors
Increasel(d¢creas¢) in creditors
(10,763)
205,239
12J07
60,472
97,873
10.318
14,657
(151,417)
Net cash provlded by operatlons
159,889
78,797
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.24
Cash flow
At 31.3.25
Net cash
Cash at bank
756.439
151,574
908.013
756,439
151,574
908,013
Total
756,439
151,574
908,013
The notes forni part of these financial statements
Page 12

B:RAP LTD
NOTES TO THE FINANCIAL STA TEMENTS
for the year ended 31 March 2025
ACCOUNTING POLICIES
Basis of preparing the financial statements
The tinai)cial staleinei)ts of the cl)aritable coinpany, which is a public b¢n¢fit entity under FRS 102, have be¢ii
prepared in accordance wilh the Charities SORP {FRS 102) 'Accounting and Reporting by Charities.. Staten]ent
of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Rcporting Standard applicablc in thc UK and Rcpublic of Ircland (FR8 102) {cffcctivc l January 2019),,
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Irelai)d' ai)d the Companies Act 2006. The finai)cial statements have been pr¢par¢d under the historical cost
convcntion.
The accoui)Is l)ave been prepared in accordaiic¢ with applicable accounting standards. The principal accountii)g
policies adopted in the preparation of the financial statements are set out below and have remained unchangyed
from the previous year.
Income
All incoinc is rccogniscd in thc Statcmcnl of Financial Aclivitics oncc thc charity has cntitlcmcnt to the funds, it
is probable that the income will be I'eceived and the amount can be measured reliably.
Expendlture
Liabilitics are recogiiiscd as expenditure as soon as there is a legal or constructive obligation conllnitling the
cliarily lo that cxpcndilurc, il is probablc that a transfer of cconomic bcnefits will bc rcquircd in scttleincnt and
thc arnount of the obligyalion can bc mcasurcd i-cliably. Expcnditurc is accountcd for on an accruals basis and has
bccii classificd undcr hcading8 that aggJrLgatc all cost rclalcd 10 Ihc calcgory. Wlicrc costs cannot bc dircctly
attribiilcd lo particular licadiiigTS tlicy havc bccn allocatcd lo activilics on a basis consislcnt with Ilic usc of
resourccs.
Tanglble flxed assets
DLprLLialioii is providcd at thc followingy annual ratcs iii ordcr 10 ￿TIle off cach assct over its cstiniaicd uscful
lifc.
Plant aiid Inachincry
Fixlurcs aiid fitlingis
250/y 011 cost
250/0 on cost
Taxatlon
Thc charity is cxcmpt from corporation tax on its charitablc activities.
Fund accountln2
Unrcstriclcd fuiids can b¢ uscd in a¢cordan¢¢ with th¢ charitablc objcclivcs at th¢ discr¢tion of th¢ truslc¢s.
Restricted fiinds can only be iised for particular restricted purposes within the objects of the charity. Restrictions
ai'isc wlicn spccificd by ihc donoi- or whcii funds arc raiscd for particular rcslriclcd purpos¢s.
Further explaiiation of the nature and purpose of each fund is included in the notes to tlie financial slalenients.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable
company's pension scheme are charged lo the Statement of Financial Activities in the period to which they relate.
Page 13
continued...

B:RAP LTD
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025
DONATIONS AND LEGACIES
2025
2024
Donations
6,498
INCOME FROM CHARITABLE ACTIVITIES
2025
2024
Activity
Putting 'You' in equality
Putting 'You' in equality
Putting, 'US' into conimunitics Piitling 'US' into cominunitics
Puttiiig 'WE' in work
Pulling'WE' in work
Piitling 'ME' in voice
Putting 'ME' in voice
Leaniing
Lean)ing
Community
Coniinunity
Rcscarcli
Rcscarch
45,375
201,535
807.331
66,350
489,493
299,445
151,425
940,363
1,120,591
CHARITABLE ACTIVITIES COSTS
Support
costs (see
noic 5)
Dircct
Costs
Totals
Support Costs
Activitcs undcrtakcn dircctly
51,630
542,496
128,753
228,247
180,383
770,743
594,126
3$7,000
951,126
SUPPORT COSTS
Govcrnance
costs
Managcmcnt
Other
Totals
SLlPPOrt Costs
Activites undertaken directly
121,Sq3
16,797
7,200
128,753
228,247
211,450
211,450
138,350
7,200
357,000
NET INCOMEI(EXPENDITURE)
Net incomel(expendifurel is stated after chargingl(crediting).'
2025
2024
Auditors, remuneration
Depreciation - owned assets
7,200
12J07
7,247
Page 14
continued...

B:RAP LTD
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025
TRUSTEES, REMUNEIL4TION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended
3 l March 2024.
Trustees, expenses
There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
STAFF COSTS
2025
2024
Wagcs and salarics
Social security costs
Othei. pension costs
459,244
42,930
26,450
483,264
45.756
28,610
528,624
557,630
The average monthly numbcr of employees during the year was as follows..
2025
2024
Adininistration
Thc nuinbcr of cmployccs whosc cmploycc bcncfits (cxcluding cmploycr pcnsion costs) cxcccdcd £60,000 was:
2025
2024
£60,001- L70,000
£90,001- £ l On,000
Kcy managycincnt pcrsonncl comprisc trustccs, thc Chicf Exccutivc Officc and thc I)cputy CEO. Two (2024..
two) mcmbcr5 of key managcmcnt personnel were remunerated for their sei'vices to the charity. Total costs of
kcy managicnicnt pcrsonn¢l (in¢ludiiig cniploycr pension and national insui'an¢¢ contribulioiis) wcrc £18C),449
(2024.. £18C),-32.3).
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Ui]rcstricted
fund
Rcstricted
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legyacies
6,498
6,498
Charltable actlvltles
Puttiiig 'You' in equality
Putting 'US' into ¢oinmunitics
Putling'WE' in work
Puttiiig 'ME' in voice
45,375
91,685
705,881
66,350
45.375
201,535
807,131
66.350
109,850
101,450
Total
915,789
211,300
1,127,089
EXPENDITURE ON
Charitable activities
Support Costs
130,906
130,906
Page 15
continued...

B:RAP LTD
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025
COMPAIL4TIVES FOR THE STATEMENT OF FINANCL4L ACTIVITIES - continued
Ui)restriet¢d
Restricted
fund
funds
Total
funds
Activitcs undcrtakcn dircctly
593,197
197,747
790,944
Total
724,103
197,747
921,850
NET INCOME
191,686
13,553
205,239
RECONCILIATION OF FUNDS
Total funds brought forward
648,256
1,250
649,506
TOTAL FUNDS CARRTED FORWARD
839,942
14,803
854,745
10.
TANGIBLE FIXED ASSETS
Fixlurcs
and
fittings
Plant and
macliiiicry
Totals
COST
At l April 2024
Additions
6,908
70,793
8,315
8,315
At 31 March 2025
72,200
6,908
79,108
DEPRECIATION
At l April 2024
ChargFc foi- ycar
37,749
11,977
44,327
12,307
330
At 31 March 2025
49,726
6,908
56,634
NET BOOK VALUE
At.31 March 2025
22,474
22,474
At 31 March 2024
26,136
26,466
DEBTURS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Trade debtors
Oth¢i- d¢btors
Prepayments
137,970
9,355
SOJ22
225,884
5,762
26,473
197,647
258,119
Page 16
continued...

B:RAP LTD
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Trade creditors
Oth¢i- creditors
34,145
3,534
10,098
4,664
37,679
14,762
13.
LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows..
2025
2024
Within one year
Bctwecn onc and fivc ycars
17,760
23.800
9,917
17,760
14.
ACCRUALS AND DEFERRED INCOME
2025
2024
Accruals and dclcrrcd income
246,473
171,517
MOVEMENT IN FUNDS
Nct
movcincnl
in tunds
Transfcrs
bctwccn
funds
Al
31.3.25
At 1.4.24
Unrestrlcted funds
Gciieral fiiiid
839,942
(10,763)
14,803
843,982
Rcstrlcted funds
Global Fund for Childrcn (The Phocnix
Way)
Tlic Kinby's Fund - OD Team
London Borougli of Towcr Hainl¢ls
1,203
1,600
12,000
(1,203)
(1,600)
(12,000)
14,803
(14,803)
TOTAL FUNDS
854,745
(10,763)
843,982
Net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expeiided
Movement
in funds
Unrestricted funds
General fund
940,363
(951,126)
(10,763)
TOTAL FUNDS
940,363
(951,126)
{10,763)
Page 17
continued...

B:RAP LTD
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025
15.
MOVEMENT IN FUNDS- continued
Comparatives for movement in funds
Net
movement
in funds
At
31.3.24
At 1.4.23
Unrestrlcted funds
General fund
648,256
191,686
839,942
Restrieted funds
Ban'ow Cadbury Trust
Global Fund for Childrcn (Thc Phocnix
Way)
Tlic King's Flind - OD Teain
London Boroiig,h of Tower Hanilcls
,250
(1.250)
1,203
1,600
12,000
1,203
I,()00
12,nOO
1,250
13,553
14,803
TOTAL FUNDS
649,50C)
205,239
854,745
Comparativc net movcmcnt in funds, includcd in thc above arc as follows..
Incoming
rcsourccs
Rcsourccs
cxpcndcd
Movcmcnt
in funds
Unrestrlcted funds
Gciicral tiiiid
915,789
(724,103)
191,686
Restrl¢ted funds
Barl'ow C'adbury Trust
Global Fund for Cliildi-cn (Tlic Phocnix
Way)
Merscy Carc NHS Foundation Trust
Shvlicr
The King's Fund - OD Team
London Borougli of Towcr Hainl¢ls
(1,250)
(1,250)
25,650
70,800
29,85Q
5,000
80,000
(24,447)
(70,800)
(29,850)
(3,400)
(68,000)
1,203
1,600
12,000
211,300
(197,747)
13,553
TOTAL FUNDS
1,127,089
(921,850)
205,239
Page 18
continued...

B:RAP LTD
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025
15.
MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined position is as follows-
Nct
movement
iii tunds
Transfcrs
between
tunds
At
31.3.25
At 1.4.23
Unrestricted funds
Gcncral fund
648,256
180,923
14,803
843,982
Restrlcted funds
Ban'ow Cadbury Trust
Global Fund for Children (The Phoenix
Way)
The King's Fund - OD Team
London BoroiigJh of Towcr Hanilcls
1,250
(1,250)
11,2n3)
(1,600)
(12,000)
1,600
12,000
1,250
13,553
(14,803)
TOTAL FUNDS
649,506
194,476
843,982
A ciirrcnl ycar 12 montlis and prior ycar 12 months combincd ncl movcmcnt in funds, includcd in Ihc abovc are
as fol lows..
Incomiiig
r¢sourccs
Rcsoiirccs
¢xpcndcd
Movcmcnt
in tunds
Unrestrlcted funds
Gcncral fund
1,856,152
(1,675,229)
180,923
Restrlcted funds
Barl'ow c.adbury Trust
Global Fund for Cliildrcn (Tlic Phocnix
Way)
Mcrscy Carc NHS Foundation Ti-ust
Shelter
Thc King's Fund - OD Teain
London Boroubyh of Tower Hanilels
(1,250)
(1,250)
25,C)S0
70,800
29,850
5,000
80,000
(24,447)
(70,800)
{29,850)
(3,400)
(68,000)
1,203
1,600
12,000
211,300
(197,747)
13,553
TOTAL FUNDS
2,067,452
(1,872,976)
194.476
Page 19
continued...

B:RAP LTD
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025
16.
EMPLOYEE BENEFIT OBLIGATIONS
The company operates a defined contribiition pension scheme. The assets of the scheme are held separately from
those of the c.ompany in an independently adrninistered fund. The pension cost charge represents contributions
payablc by thc company to thc fund and amountcd to £26,450 (2024 £21,994) Contributions totalling £2,835
{2024.. £3,603) were payable to the fund at the balance sheet date.
17.
RELA TED PARTY DISCLOSURES
Dui-ing thc ycar thcrc wcrc purchascs of £2,887 (2024: £2,295) from Klinc Associatcs Ltd for consultancy
services. The director of the company is husband of Trustee N Kline.
Page 20

B:RAP LTD
DETAILED STA TEMENT OF FINANCIAL ACTtVlTIES
for the year ended 31 March 2025
2025
2024
INCOME AND ENDOWThIENTS
Donations and legacies
Donatioiis
6,498
Charitable activities
Putting 'US' into communities
Piitling You, in cquality
Putting 'WE' in work
Putling,'ME' in VOICL
L¢aniing
Community
Research
201,535
45,375
807,331
61),350
489,493
299,44S
151,425
940,363
1.120,591
Total Incorning resources
940,363
1.127,089
EXPENDITURE
Charltable actlvltles
Wagics
Social s¢¢urity
Pciisioiis
Adv¢rtising
ConsLiltancy and profcssional fccs
Sciminars, Evcnts aiid traiiiiiig
Ti-avcl aiid subsistencc
275,546
289,958
27,454
17,166
5,971
164,446
20,245
52,539
32.492
188,226
19,138
37,096
594,126
577,779
Support costs
Management
WabYCS
Social sccurity
Pcnsions
183,698
17,172
19.3,-306
18,302
11.444
211,450
223,052
Other
Insurance
Seminars, events and training
Pr¢mis¢ ¢osls
Other Office costs
Legal and professional fees
Auditor's fee
Depreciation of tangible fixed assets
4,069
12,274
76,630
3,752
11,617
53,385
20,616
13,610
474
10,318
8,711
12,307
138,350
13,772
This page does not form part of the statutory financial statements
Page21

B:RAP LTD
DETAILED STA TEMENT OF FINANCIAL ACTtVlTIES
for the year ended 31 March 2025
2025
2024
Other
Governance costs
Auditoi's, rcniuncration
7,200
7,247
Total rcsourccs cxpcndcd
951,126
921,850
Net (expendlture)Ilncome
(10,763)
205,239
This page does not form part of the statutory financial statements
Page 22

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