OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

← The Breathworks Foundation

2023-12-31-accounts

==> picture [114 x 60] intentionally omitted <==

THE BREATHWORKS FOUNDATION

Trustees’ annual report and financial statements for the year ended 31 December 2023

Company number: 06890078 Charity number: 1131851

Doc ID: a99e13181a133363326df46331f28d0d843c6bdc

CONTENTS

The trustees are pleased to present their report and the unaudited financial statements for the year ended 31 December 2023. Included in this report is:

About Breathworks 03
Letters from the Team 04
Our Year in Numbers 07
Our Community 08
Educational Activities 09
Grant Funded Programmes 12
Workplace Wellbeing 13
Teacher Training 14
Trustees Report & Financial Statements 16

2

Doc ID: a99e13181a133363326df46331f28d0d843c6bdc

ABOUT

Breathworks has been teaching mindfulness-based approaches for managing pain, illness and stress since 2001. Founded by Vidyamala Burch OBE, Breathworks developed the first Mindfulness-based Pain Management (MBPM) programme. This has been supported by research and health organisations around the world. We are a UK-based charity who are committed to making programmes accessible and inclusive through funding and support for those with financial (or other) barriers.

==> picture [223 x 142] intentionally omitted <==

OUR IMPACT

Taught more than 120,000 individuals

Trained over 750 mindfulness teachers across 40 countries.

OBJECTIVES

To provide mindfulness-based tools to reduce the suffering of living with pain, illness and stress..

To advance the education of the public in mindfulness-based activities.

To undertake research into mindfulness-based activities and to publish useful results.

Breathworks Founder, Doc ID: a99e13181a133363326df46331f28d0d843c6bdc Vidyamala Burch OBE 3

==> picture [159 x 148] intentionally omitted <==

Looking Ahead with strength

Prasadu Dharmachari, Chair of Trustees

“'It has been my great pleasure to continue serving Breathworks as chair over the last 12 months.

It has been a challenging time financially, but extremely rewarding in so many ways. We have seen much inward investment into courses, staff and our future which will all pay dividends in 2024 and beyond.

We have also been able to begin the recruitment process for a new CEO, and thank Helen for the amazing job she has done over the last six years, and especially for her ability to adapt so that Breathworks responded to so many during COVID. We are a stronger and more agile organisation thanks to her hard work and tenacity.

I'd like to thank my fellow trustees for all their input, creativity and commitment. As we look to the future with a new CEO at the helm, we look forward with positivity and hope as we reach out to more people who need support and training.”

4 Doc ID: a99e13181a133363326df46331f28d0d843c6bdc

From personal transformation to collective impact

Vidyamala Burch, Founder & Honorary President

“I am delighted how Breathworks has continued to offer help and hope to thousands of people living with pain, illness and other difficult circumstances through 2023.

When I began leading courses in 2001, I could never have imagined how impactful this work would become and I feel very proud of the whole Breathworks team and wider community for their passion, vision and commitment.

When I started this work my motivation was simple: to help people ease the experience of suffering and distress that so often accompanies pain, illness and other difficulties.

Nearly 25 years' later my motivation remains the same: to help people. When I started out I was working alone and now I am surrounded by an international community of remarkable people who all share this vision.

Thank you, from the bottom of my heart, to everyone who has contributed to another successful year.”

5 Doc ID: a99e13181a133363326df46331f28d0d843c6bdc

==> picture [148 x 138] intentionally omitted <==

Adapting, Innovating, and Expanding: Breathworks' Path Forward

Nathan Jarvis, CEO

“Having joined Breathworks as CEO in January 2024, it has been good to look back on 2023 and see a year of consolidation and innovation. Investment has been put into the development of new programmes, specifically the HEALS programme written by Vidyamala, our Founder. Much time, testing, thought and passion has gone into this project which we know will enable many more people to access mindful meditation via Breathworks, transforming lives and enabling better physical and mental health outcomes.

We have been acutely aware that we do this in a world where money is scarce, both in the charitable sector and for the general public. We have been able to adapt our courses and events to better suit the end user, not least by adopting a modular approach to programming.

Personally, I experienced mindfulness many years ago, at a time when my mental health was suffering. It completely changed my direction, ambition and motivation both in my personal life and my career, it was truly transformative. Joining Breathworks feels like a natural and valuable step in enabling more people to live fuller lives, just as it did mine.

Along with the incredible members of our team, our associates, partners and teachers, we go from strength to strength, widening reach and access, innovating and imagining a world where everyone can access the help they need to live better. Thank you to everyone who has contributed to our lives together and our incredible offering to a world in need of mindfulness and meditation.”

46 Doc ID: a99e13181a133363326df46331f28d0d843c6bdc

2023

YEAR IN NUMBERS

over 3K

people learnt how to manage pain, stress and illness through courses taught by Breathworks & our network of teachers.

377

teachers maintained their accreditation to teach Breathworks programmes , with 51 new teachers accredited in 2023.

69.6k

awarded in bursary funding in 2023, helping 281 people with pain and financial difficulty .

3.5K+

people accessed our free resources, including our Toolkit for Tough Times and Mindfulness for Long Covid.

36K+

views of our free Space to Breathe guided meditations for pain.

==> picture [33 x 53] intentionally omitted <==

6

Seed Funded projects brought mindfulness to communities in need, from refugees and grieving parents to people diagnosed with dementia. We look to increase these going forward into next year.

INCOME GENERATION

==> picture [63 x 71] intentionally omitted <==

£84.6K

raised through donations

£20.7K awarded in grant funding

£361.4K raised in earned income

7 Doc ID: a99e13181a133363326df46331f28d0d843c6bdc

COMMUNITY OF PRACTICE

The beating heart of Breathworks’ is our online mindfulness hub and e-learning platform. The Community of Practice allows everyone to access mindfulness for free.

7,298 members accessed freeresources, & events. 85 of free live events including meditation, hours support, specialist sessions for worldwide members in over managing anxiety and 81 different countries pain with clinical experts

OUR PATRONS 70 patrons & £1,664 raised in 4 months

In 2023 we launched our Patrons programme, inviting people to support the Community of Practice platform with a financial contribution..

“I’m thrilled to hear about the patron support. This is needed and offers us an opportunity to give back to this fantastic work. This has changed my life and continues to influence everything I do.” - Jennifer Slack

==> picture [306 x 130] intentionally omitted <==

Community of Practice members organise a poetry fundraiser: Poetry Fest

2023 Feedback Survey

Found helpful for maintaining or 81% deepening their mindfulness practice

73% Found helpful for managinga health or pain condition

“I love the inclusiveness of the community, the ability to connect with like-minded people who get what it means to live with pain and a long-term condition. I feel safe, valued and also able to encourage and strengthen others; and my wellbeing has greatly improved” - Christophe

8

Doc ID: a99e13181a133363326df46331f28d0d843c6bdc

MINDFULNESS FOR HEALTH

Our award winning signature mindfulnesss for health course provides the tools and skills to live well with chronic pain and illness. Participants learn over 8-weeks with an experienced teacher and a supportive peer group. This continues to be a popular course for us, with students joining from around the world. and others taking the course multiple times.

==> picture [141 x 99] intentionally omitted <==

----- Start of picture text -----
12
public courses
reaching 143 participants.
2023 ,wera
n
In ...
----- End of picture text -----

==> picture [37 x 52] intentionally omitted <==

4.6 out of 5 average rating by participants

94% of participants reported being better able to manage their health condition

More than 50% reported reduced medication and improved mobility

==> picture [60 x 49] intentionally omitted <==

Breathworks landed in mainland China in 2023, with our Mindfulness for Health courses taught in Mandarin to students eager to learn approaches to manage pain, health and illness.

==> picture [204 x 5] intentionally omitted <==

==> picture [144 x 133] intentionally omitted <==

==> picture [100 x 32] intentionally omitted <==

----- Start of picture text -----
Lizzie
Mindfulness for Health
Bursary recipient
----- End of picture text -----

I have struggled with severe pain and weakness in my body for years and was feeling very down after my last diagnosis.

The course hasn’t cured my pain, but it has cured the way I approach it. I have learnt to treat my body and others with more kindness and compassion, I am more patient with myself and now feel actual love for my self.

I really enjoyed the online course and zoom calls. I enjoyed the connection with others. I would definitely recommend the course to anyone suffering either mentally or physically.

Doc ID: a99e13181a133363326df46331f28d0d843c6bdc9

MINDFULNESS FOR STRESS

Our 8-week mindfulness for stress course teaches people how to increase their happiness and wellbeing, finding new sources of resilience, joy, and calm in their lives. In this evidence-based approach, students are given practical tools to manage stress and difficulties that arise in everyday life. Participants report being able to better cope with stress, anxiety, fear, and depression.

==> picture [420 x 127] intentionally omitted <==

----- Start of picture text -----
4.6 out of 5 average rating by
participants
9 87% of people had a reduction in
public courses
depression
79% of people reduced their anxiety
reaching 125 participants
2023 ,wera
n
In ...
----- End of picture text -----

==> picture [140 x 129] intentionally omitted <==

Anjali Mindfulness for Stress Bursary recipient

“Bereavement, trauma and ongoing misdiagnoses regarding my physical and mental health brought me well and truly to my knees last year.

After a lot of searching, I discovered the lifeline that is Breathworks. I knew then I had found something incredibly special.

The life-changing way that mindfulness & meditation is taught at Breathworks makes it real, accessible and irresistible! I am learning how to deal with even the most painful and distressing thoughts and feelings as well as physical pain. I can use awareness and wise choice and am starting to enjoy and appreciate my life again. These are the greatest gifts, and ones which I hope to pass on to others in the future.

None of this precious learning would have been possible without a bursary. I am able to look forward at last. I am building new foundations.”

10 Doc ID: a99e13181a133363326df46331f28d0d843c6bdc

HEALS PILOT: A FLYING SUCCESS

HEALS, our brand new course and approach to whole-life health, uses awareness training, habit methodology and principles from the growing field of lifestyle medicine to create sustainable changes to physical, emotional, and psychological wellbeing.

==> picture [340 x 167] intentionally omitted <==

To ensure proof of concept, we ran two pilots the course with individuals who lived with chronic illness or supported those who do.

The pilots were successful with positive feedback and many participants showing clinically meaningful improvements following the course, from reduced anxiety and depression , to feeling more confident to exercise or make healthier eating choices .

The course has been refined using in-depth feedback gathered, and will launch to the public in July 2024.

Pilot Course 2023 Feedback

87%

reported reduction in depression

79% reported a reduction in anxiety

I’m now able to go to the gym three times a week I have gradually built up my exercise and can now manage the pain with breathing techniques, being mindful, recognising the pain and being kind to myself .”-

Liz, Fibromyalgia

11 Doc ID: a99e13181a133363326df46331f28d0d843c6bdc

GRANT FUNDED PROGRAMMES

One of our core aims is to reach a wider range of people , especially those in under - served and hard to reach communities. We achieved this through working with community partners .grand in 2023.

Take Back Your Life

Group: tailored for accessibility, these courses were delivered in deprived areas of Manchester, including Harpurhey, Gorton and Wythenshawe. 40+ people took part, each with an average of 3-4 serious health conditions.

Impact:

“You can be isolated and a bit forgotten when you have physical or energy condition, it is easy to get isolated and think nobody else understands. Being in a group with other people that understand and can identify is so helpful.” - Take Back Your Life Participant

==> picture [84 x 11] intentionally omitted <==

----- Start of picture text -----
In partnership with:
----- End of picture text -----

==> picture [204 x 5] intentionally omitted <==

Moving Well

Project : we delivered 4 Moving Well mindful movement courses funded by the Sport England Together Fund in partnership with Versus Arthritis.

Group: The courses were delivered in Manchester areas of high deprivation reaching 40 people.

Impact:

In partnership with:

12 Doc ID: a99e13181a133363326df46331f28d0d843c6bdc

WELLBEING IN THE WORKPLACE

Breathworks provides tailored programmes for the NHS and other public bodies that help improve staff mental wellbeing. Partnership projects delivered in 2023 included commissions from:

==> picture [311 x 71] intentionally omitted <==

Client: Homerton Healthcare NHS Trust

Brief: equip staff with skills to help patients + improve team wellbeing

Our Solution: deliver our new Facilitator Programme training staff to teach powerful self-management tools for managing pain, illness and stress.. Additionally benefiting from wellbeing techniques themselves.

Group : teams across the Long Covid, Fatigue Service and Pain Service.

Impact : Individuals reported benefits including:

==> picture [201 x 144] intentionally omitted <==

----- Start of picture text -----
Impact:
----- End of picture text -----

"Having something experiential involving personal practice was really helpful. I was grateful that the training was about our own personal development and wellbeing as well as that of the patients.”

Marta Prytys, Clinical Lead, Homerton NHS Pain and Fatigue Service

13 Doc ID: a99e13181a133363326df46331f28d0d843c6bdc

MINDFULNESS TEACHER TRAINING

In our teacher training programme we train practitioners to share mindfulness in their communities. At the end of the programme, Breathworks Teachers are equipped to teach the two gold-standard Breathworks eight-week course curriculums and share introductory events and workshops in their communities and organisations.

377 accredited Breathworks teachers in 27 countries

2742

people reached with Breathworks 8 week courses taught by its trained teachers

==> picture [175 x 151] intentionally omitted <==

8263

people reached with Breathworks materials at other events, taught by its trained teachers

Teachers impact: Mindfulness in Sierra Leone

In her efforts to expand mindfulness practices in Sierra Leone, Breathworks Teacher Julia Emes initiated a series of mindfulness courses for local communities, many of whom faced economic hardships and limited digital access.

Following that success, she went on to facilitate Teacher Training programmes to empower locals to lead mindfulness sessions, despite challenges like low literacy rates and scarce resources. The initiative has inspired several graduates to offer their own courses and spread mindfulness within their communities, with ongoing support and future plans to create a sustainable movement through further training and funding efforts.

==> picture [182 x 137] intentionally omitted <==

14 Doc ID: a99e13181a133363326df46331f28d0d843c6bdc

INNOVATIONS IN TEACHER TRAINING

In 2023, we redesigned our teacher training programme based on customer research and feedback, as well as meeting developments in the mindfulness field.

==> picture [328 x 101] intentionally omitted <==

Following successful pilots with NHS professionals (case study on page 13)., we launched our brand new Facilitator Training for people to share mindfulness in the work they do., or with family and friends. We also developed a new modular approach to training with modules that can be taken like building blocks towards the full teacher training, giving more flexibility and minimising upfront costs for customers.

==> picture [303 x 212] intentionally omitted <==

==> picture [50 x 50] intentionally omitted <==

The new format of training was officially launched at the end of 2023, ready for bookings in January 2024. The brand new Mindfunless Facilitator course sold out within a two months of it's launch and courses have been fully booked through the first half of 2024.

15 Doc ID: a99e13181a133363326df46331f28d0d843c6bdc

Trustees’ annual report for the period ended 31 December 2023

Report Overview

The trustees are pleased to present their report and the unaudited financial statements for the year ended 2023.

The trustees review the aims, objectives and activities of the charity each year. The trustees have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set.

The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

Reference and administrative information

Company Number 06890078 Charity Number 1131851

Registered office and operational address: 16-20 Turner Street, Manchester, M4 1DZ

Trustees

Trustees, who are also directors under company law, who served during this year and up to the date of the report were as follows:

Dharmachari Prasadu Dominic Houlder Gillian Parry Karim Rushdy Menka Sanghvi Robert Jones Ruth Cheesley Sally Jones

No trustees held title property belonging to the charity during the reporting period or at the date of approval.

Key Management Personnel: Helen Sullivan, Chief Executive (in post till 31/12/2023)

Bankers: The Co-operative Bank, PO Box 250, Skelmersdale, WN8 6WT

Independent examiner: Patrick Morrello ACA, Third Sector Accountancy Limited, Holyoake House, Hanover Street, Manchester, M60 0AS

16 Doc ID: a99e13181a133363326df46331f28d0d843c6bdc

Financial review

At the end of this financial period the total funds carried forward are £116,221 (2022: £156,073) of which £17,799 (2022 £29,165) are restricted funds. This is an overall decrease of £39,852 for the period. The decrease is due to surplus generated in previous years being drawn on to fund inward investment in programme development, including a new course to be launched in Q3 2024 in response to the wide interest in lifestyle medicine, and a training programme redesign to meet customer demand for modular and home study training formats.

The total income for the year was £466,850 (2022: £547,397) consisting of £74,871 (2022: £72,586) restricted funds and £391,979 (2022: £474,811) unrestricted funds. The total expenditure for the year was £506,702 (2022: £562,434) consisting of £90,359 (2022: £43,421) spent from restricted funds and £416,343 (2022: £519,013) spent from unrestricted funds. At year end, this leaves the charity with total reserves of £116,221 of which £98,422 are unrestricted. Therefore, the trustees do not see any concerns about the charity’s ability to continue as a going concern. The wholly owned subsidiary, Breathworks CIC, was dormant throughout the year.

Plans for the future

This year the Board of Trustees and Senior Management team have overseen implementation of the 2023-2025 strategy that was set in 2022. The vision and goals of the organisation remain unchanged and we will work to ensure our evidence-based programmes are widely accessible for people living with pain, illness and stress, by developing meaningful relationships with funders, providers and communities.

The efficacy of mindfulness as a healthcare intervention is well recognised and accepted across the system, however, there is still more to do to educate and inform the public in the need for and benefits of sustaining a practice in daily life. We will be developing our retreats, self paced ‘going deeper’ programmes and practice days to support people in this, as well as educational and awareness raising campaigns. We will also continue our work with the British Association of Mindfulness Based Approaches (BAMBA) to maintain standards in the field of mindfulness teaching to ensure safe, ethical and inclusive practice.

Beyond the UK, we plan to develop wider strategic partnerships with organisations that can help scale reach by translating programmes into the worlds most spoken languages. We are working with partners in France, Spain, Greece and China, where we are working to establish teacher training programmes.

In Q3 2024 we are launching our new programme to contribute to the emerging discipline of Lifestyle Medicine, with the aim of meeting the problems of increasing chronic conditions in our aging population. Lifestyle Medicine is an evidence-based approach that supports behaviour change through person-centred techniques to improve mental wellbeing, social connection, healthy eating, physical activity, sleep and minimisation of harmful substances and behaviours.

17 Doc ID: a99e13181a133363326df46331f28d0d843c6bdc

Based in lived experience in our team and our community, and successful pilot courses in community and primary care settings, we are now ready to share a mindfulness-based approach for behavioural change across the pillars of lifestyle medicine, building on our launch in autumn 2024.

It is recognised by the trustees that in this cost of living crisis we need to further diversify our sources of income to reduce overall dependency on individuals self funding their courses and training. In our new strategic plan specific goals and objectives have been set to identify and grow new funding sources to enable the widest reach possible.

Structure, governance and management

The organisation is a charitable company limited by guarantee, incorporated on 28 April 2009 and registered as a charity on 28 September 2009.

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.

Members of the charity guarantee to contribute an amount not exceeding £10 to the assets of the charity in the event of winding up. The total number of such guarantees at year end was 8 (2022: 8). The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Trustees are appointed for 3 year terms. At each AGM, those reaching expiry will resign and be available for re-election. Recruitment is based on ensuring there is a blend of expertise in health and social care, business and charitable operations management.

All trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in note 11 to the accounts.

Organisational structure

Breathworks operates within a hierarchical structure, with day to day management of the charity delegated to its Chief Executive, Helen Sullivan (July 2018 - December 2023), Nathan Jarvis from January 2024. The CEO works closely with the organisation’s Founder, Vidyamala (Prudence) Burch OBE, who continues to actively contribute as a senior ambassador for the organisation.

18 Doc ID: a99e13181a133363326df46331f28d0d843c6bdc

The Board of Trustees hold responsibility for setting the direction and high level strategy and signing off the annual budget which is then delegated to the CEO for operationalisation. The CEO reports to the Board on strategic progress and risk management on a quarterly basis.

Recruitment and appointment of new trustees

In accordance with Breathworks Equality, Diversity and Inclusion (EDI) policy trustee vacancies are widely advertised, with an emphasis on diversity of skills and lived experience. To enable effectiveness in the role, inductions are designed to include time on a 1-2-1 basis with the Chair, CEO; a fireside chat with all other trustees and 1-2-1 mentoring with a longer standing Board member.

Remuneration policy for key management personnel

The trustees review and agree the remuneration for key management personnel annually, in consideration with market rates and affordability for the charity.

Reserves policy

The reserves policy was developed to ensure:

Following a review of the Foundation's budget and guided by the nature of the overheads, the trustees have concluded that an unrestricted reserve equivalent to 3 months’ overheads (£81K) is sufficient to meet these objectives.

Risk management

The charity trustees have given consideration to the major risks to which the charity is exposed and satisfied themselves that systems or procedures are established in order to manage those risks.

Funds held as custodian trustee on behalf of others

No funds are held on behalf of others.

19 Doc ID: a99e13181a133363326df46331f28d0d843c6bdc

Statement of responsibilities of the trustees

The trustees (who are also directors of the charity for the purposes of company law) are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are 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.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The trustees’ annual report has been approved by the trustees on 19 September 2024 and signed on their behalf by

==> picture [49 x 20] intentionally omitted <==

Robert Jones Treasurer

20 Doc ID: a99e13181a133363326df46331f28d0d843c6bdc

Independent examiner’s report to the members of

The Breathworks Foundation

Independent Examiner’s Report

I report on the accounts of the charity for the year ended 31 December 2023 set out on pages 22 to 36.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of ICAEW.

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that, in any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

==> picture [127 x 25] intentionally omitted <==

Patrick Morrello ACA Third Sector Accountancy Limited Holyoake House Hanover Street Manchester, M60 0AS

Date: 19 / 09 / 2024

21 Doc ID: a99e13181a133363326df46331f28d0d843c6bdc

The Breathworks Foundation

Statement of Financial Activities

(including Income and Expenditure account) for the year ended 31 December 2023

Unrestricted
funds
Note
£
Income from:
Donations and legacies
3
30,453
Charitable activities
4
361,477
Investments
5
49
Total income
391,979
Expenditure on:
Raising funds
6
6,453
Charitable activities
8
409,890
Total expenditure
416,343
(24,364)
Transfer between funds
(4,122)
Net movement in funds for the year
(28,486)
Reconciliation of funds
Total funds brought forward
126,908
Total funds carried forward
98,422
Net income/(expenditure) for the year		 Restricted
funds
£
54,671
20,200
-
74,871
-
90,359
90,359
(15,488)
4,122
(11,366)
29,165
17,799		 Total funds
2023
£
85,124
381,677
49
466,850
6,453
500,249
506,702
(39,852)
-
(39,852)
156,073
116,221		 Unrestricted
funds
£
23,954
450,857
-
474,811
8,140
510,873
519,013
(44,202)
(44,202)
171,110
126,908		 Restricted
funds
£
20,155
52,431
-
72,586
-
43,421
43,421
29,165
29,165
-
29,165		 Total funds
2022
£
44,109
503,288
-
547,397
8,140
554,294
562,434
(15,037)
-
(15,037)
171,110
156,073

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

22

Doc ID: a99e13181a133363326df46331f28d0d843c6bdc

The Breathworks Foundation Company number 06890078

Balance sheet as at 31 December 2023

Note
£
£
Fixed assets
Intangible assets
14
55,574
Tangible assets
14
1,846
Investments
15
3
Total fixed assets
57,423
Current assets
Stock
-
Debtors
16
13,365
Cash at bank and in hand
134,970
Total current assets
148,335
Liabilities
Creditors: amounts falling
due in less than one year
17
(89,537)
Net current assets
58,798
Total assets less current liabilities
116,221
Net assets
116,221
The funds of the charity:
Restricted income funds
18
17,799
Unrestricted income funds
19
98,422
Total charity funds
116,221
2023		 £
£
62,521
3,072
3
65,596
3,177
10,819
154,529
168,525
(78,048)
90,477
156,073
156,073
29,165
126,908
156,073
2022

For the year in question, the company was entitled to exemption from an audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

accounting records and the preparation of accounts.

These accounts are prepared in accordance with the special provisions of part 15 of the Companies Act 2006

relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.

The notes on pages 24 to 36 form part of these accounts.

Approved by the trustees on and signed on their behalf by: 19 / 09 / 2024

==> picture [70 x 28] intentionally omitted <==

Robert Jones, Trustee/Treasurer

23 Doc ID: a99e13181a133363326df46331f28d0d843c6bdc

The Breathworks Foundation

Notes to the accounts for the year ended 31 December 2023

1 Accounting policies

The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 - (Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Breathworks Foundation meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £ sterling.

b Preparation of the accounts on a going concern basis

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.

c Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.

d Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

e Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity.

Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.

Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.

24 Doc ID: a99e13181a133363326df46331f28d0d843c6bdc

The Breathworks Foundation

Notes to the accounts for the year ended 31 December 2023 (continued)

f Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

g Tangible fixed assets

Individual fixed assets costing £100 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:

Office equipment

25%

h Intangible fixed assets

Intangible fixed assets are amortised over their estimated useful economic lives on a straight line basis as follows:

Goodwill

10 years

i Stock

Stock is included at the lower of cost or net realisable value. In general, cost is determined on a first in, first out basis. Net realisable value is the price at which stocks can be sold in the normal course of business after allowing for the costs of realisation. Provision is made where necessary for obsolete, slow moving, and defective stocks. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

j Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

k Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

25 Doc ID: a99e13181a133363326df46331f28d0d843c6bdc

The Breathworks Foundation

Notes to the accounts for the year ended 31 December 2023 (continued)

l Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

m Pensions

Employees of the charity are entitled to join a defined contribution scheme. The charity’s contribution is restricted to the contributions disclosed in note 10. Outstanding contributions at the year end were £1,076 which were paid in January 2024.

The charity is a company limited by guarantee registered in England and Wales and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address is disclosed on page 1.

26 Doc ID: a99e13181a133363326df46331f28d0d843c6bdc

The Breathworks Foundation

Notes to the accounts for the year ended 31 December 2023 (continued)

Donations and grants
Total
Income from charitable activities
Grants
The Big Life Group
Hart Knowe Trust
Charitable trading
Courses and Workshops
Membership fees
Other income
Total
Key Fund - Social Enterprise Support
Fund
Sport England Together Fund via
Versus Arthritis		 Unrestricted
£
30,453
30,453
Unrestricted
£
-
-
-
-
337,082
20,937
3,458
361,477		 Restricted
£
54,671
54,671
Restricted
£
10,200
-
-
10,000
-
-
-
20,200		 Total 2023
£
85,124
85,124
Total 2023
£
10,200
-
-
10,000
337,082
20,937
3,458
381,677		 Unrestricted
£
23,954
23,954
Unrestricted
£
-
-
-
-
416,767
20,438
13,652
450,857		 Restricted
£
20,155
20,155
Restricted
£
3,400
44,071
4,960
-
-
-
-
52,431		 Total 2022
£
44,109
44,109
Total 2022
£
3,400
44,071
4,960
-
416,767
20,438
13,652
503,288

27

Doc ID: a99e13181a133363326df46331f28d0d843c6bdc

The Breathworks Foundation

Notes to the accounts for the year ended 31 December 2023 (continued)

5
Investment income
Income from bank deposits
6
Cost of raising funds
Staff costs
Premises
Administration
Advertising and marketing
Internet and website
Depreciation
Support costs (see note 7)
Governance costs (see note 7)		 Unrestricted
£
49
49
Unrestricted
£
4,985
96
145
156
252
153
377
289
6,453		 Restricted
£
-
-
Restricted
£
-
-
-
-
-
-
-
-
-		 Total 2023
£
49
49
2023
£
4,985
96
145
156
252
153
377
289
6,453		 Unrestricted
£
-
-
Unrestricted
£
6,045
126
222
207
356
186
388
610
8,140		 Restricted
£
-
-
Restricted
£
-
-
-
-
-
-
-
-
-		 Total 2022
£
-
-
2022
£
6,045
126
222
207
356
186
388
610
8,140

28

Doc ID: a99e13181a133363326df46331f28d0d843c6bdc

The Breathworks Foundation

Notes to the accounts for the year ended 31 December 2023 (continued)

Staff costs
Premises
Administration
Accountancy fees
Legal expenses (HR & pension)
Depreciation
Interest payable		 Support
£
13,517
262
393
2,549
1,148
415
-
18,284		 Governance
£
10,826
209
315
2,358
-
332
-
14,040		 Total 2023
£
24,343
471
708
4,907
1,148
747
-
32,324		 Support
£
16,970
354
623
1,381
1,897
522
4,333
26,080		 Governance
£
12,922
269
475
2,520
-
398
-
16,584		 Total 2022
£
29,892
623
1,098
3,901
1,897
920
4,333
42,664

The support and governance costs are apportioned to fundraising and charitable activities based on the relevant direct salary costs.

29

Doc ID: a99e13181a133363326df46331f28d0d843c6bdc

The Breathworks Foundation

Notes to the accounts for the year ended 31 December 2023 (continued)

8 Analysis of expenditure on charitable activities

Staff costs
Staff training and other costs
Direct course costs
Marketing
Internet and website
Research
Grants awarded(see note below)
Office rent and rates
Administration and office expenses
Insurance
Sundry expenses
Depreciation
Restricted expenditure
Unrestricted expenditure
Governance costs (see note 7)
Support costs (see Note 7)		 2023
£
236,936
4,782
176,497
8,171
13,206
810
5,882
4,582
6,896
1,966
1,590
7,273
17,907
13,751
500,249
90,359
409,890
500,249		 2022
£
252,249
3,019
192,692
9,641
16,632
4,416
6,152
5,257
9,269
2,226
3,312
7,763
16,196
25,470
554,294
43,421
510,873
554,294

Note concerning grants awarded

During the year the charity made four micro project grant payments ranging from £600 to £3,282. This was to provide seed funding for small projects which are furthering the objects of the charity. Two grant payments were made to individuals and two grant payments were made to organisations. Note concerning bursaries and charitable activity costs

Throughout the year the charity awarded 281 bursary places to beneficiaries to attend various courses, training and events. The theoretical value of lost revenue was £69,658. Any training delivery cost related to the bursary places is captured in the expenditure in the above table.

This is stated after charging/(crediting): 2023
2022
Depreciation £
£
8,173
8,868
Auditor's remuneration - accountancy fees 1,860
1,440
Independent examiner's fee 498
360

30 Doc ID: a99e13181a133363326df46331f28d0d843c6bdc

The Breathworks Foundation

Notes to the accounts for the year ended 31 December 2023 (continued)

10 Staff costs

Staff costs during the year were as follows:

Wages and salaries
Social security costs
Pension costs
Allocated as follows:
Cost of raising funds
Charitable activities
Support costs
Governance costs		 2023
£
245,282
16,328
4,654
266,264
4,985
236,936
13,517
10,826
266,264		 2022
£
265,526
17,869
4,791
288,186
6,045
252,249
16,970
12,922
288,186

No employee has employee benefits in excess of £60,000 (2022: Nil).

The average number of staff employed during the period was 14 (2022: 16).

The average full time equivalent number of staff employed during the period was 11 (2022: 10).

The key management personnel of the charity comprise the trustees and the Chief Executive Officer. The total employee benefits of the key management personnel of the charity were £35,120 (2022: £37,177). As per reporting requirements this figure includes employer's national insurance and pension contributions.

Neither the trustees nor any persons connected with them received any remuneration or reimbursed expenses during the year (2022: Nil).

During the year the trustees received travel and subsistence expenses of £462 (2022:£Nil).

Aggregate donations from related parties were £1,095 (2022: £Nil).

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2022: nil).

31 Doc ID: a99e13181a133363326df46331f28d0d843c6bdc

The Breathworks Foundation

Notes to the accounts for the year ended 31 December 2023 (continued)

12 Government grants

The government grants recognised in the accounts were as follows:

HMRC Employment Allowance
Sport England Together Fund via Versus Arthritis		 2023
£
5,000
-
5,000		 2022
£
5,000
4,960
9,960

There were no unfulfilled conditions and contingencies attaching to the grants.

13 Corporation tax

The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 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.

14 Fixed assets: tangible and intangible assets

Cost
Depreciation
Charge for the year
Net book value
At 31 December 2023
At 31 December 2023
At 31 December 2022
At 31 December 2023
At 1 January 2023
At 1 January 2023		 Tangible assets
Intangible assets
Office
equipment
Goodwill
£
£
6,390
69,468
6,390
69,468
3,318
6,947
1,226
6,947
4,544
13,894
1,846
55,574
3,072
62,521

32 Doc ID: a99e13181a133363326df46331f28d0d843c6bdc

The Breathworks Foundation

Notes to the accounts for the year ended 31 December 2023 (continued)

15 Investments

Investments
2023 2022
£ £
Investment in the shares of the subsidiary company
Breathworks Community Interest Company 3 3

The charity owns the whole of the ordinary share issue of the Breathworks Community Interest Company, a company registered in England, register no 5016384. The company has been dormant since 31 December 2021.

Balance sheet
Current assets
Total assets less current liabilities
Net assets
Assets
Shareholder's funds
16
Debtors
Trade debtors
Prepayments and accrued income
17
Creditors: amounts falling due within one year
Trade creditors
Other creditors and accruals
Deferred income
Taxation and social security costs		 2023
£
3
3
3
3
3
2023
£
7,806
5,559
13,365
2023
£
30,941
20,221
32,209
6,166
89,537		 2022
£
3
3
3
3
3
2022
£
5,808
5,011
10,819
2022
£
7,273
22,700
43,226
4,849
78,048

33 Doc ID: a99e13181a133363326df46331f28d0d843c6bdc

The Breathworks Foundation

Notes to the accounts for the year ended 31 December 2023 (continued)

18 Analysis of movements in restricted funds

Balance at 1
January
2023
Income
£
£
Grants
The Big Life Group
3,400
10,700
-
5,000
-
5,000
8,160
-
937
-
Donations
Bursary Fund
-
216
Community of Practice
16,668
24,592
Give2Live
-
120
HEALS Programme
-
18,643
Seed funding
-
1,149
Sierra Leone Project
-
9,451
Total
29,165
74,871
Note for transfers
Two projects were supported from unrestricted funds.
Comparative period
Balance at 1
January
2022
Income
£
£
Grants
The Big Life Group
-
3,400
-
44,071
-
4,960
Donations
Give2Live
-
120
Community of Practice
-
20,035
Total
-
72,586
Hart Knowe Trust -
Bursaries
Hart Knowe Trust -
Seed funding
Sport England
Together Fund via
Versus Arthritis
Key Fund - Social
Enterprise Support
Fund
Sport England Together
Fund via Versus
Arthritis
Key Fund - Social
Enterprise Support		 Expenditure
£
(13,600)
(5,000)
(2,600)
(8,259)
(4,960)
(216)
(29,331)
(120)
(18,643)
-
(7,630)
(90,359)
Expenditure
£
-
(35,911)
(4,023)
(120)
(3,367)
(43,421)		 Transfers
£
-
99
4,023
-
-
-
-
-
-
4,122
Transfers
£
-
-
-
-
-
-		 Balance at 31
December
2023
£
500
-
2,400
-
-
-
11,929
-
-
1,149
1,821
17,799
Balance at
31 December
2022
£
3,400
8,160
937
-
16,668
29,165

34 Doc ID: a99e13181a133363326df46331f28d0d843c6bdc

The Breathworks Foundation

Notes to the accounts for the year ended 31 December 2023 (continued)

Note 18 continued

Name of restricted fund Description, nature and purposes of the fund The Big Life Group for the "Take Back Your Life" project, to fund 9 6-week courses with up to 12 participants each, for Be Well clients with challenging health or stress Key Fund - Social to improve accessibility for training online, building a volunteer programme and Enterprise Support reaching new communities, aiming to reach 80 health professionals and 2400 Fund patients every year, and to rebuild income to pre-pandemic levels Sport England Together for the "Moving Well" project: providing training in mindful movement for people with disabilities, pain and long-term conditions, to reduce long-term impact of and help recovery re Covid-19, to address inequality in sport and Community of Practice to fund free on-line access to Mindfulness practitioners to support and sustain their practice, free courses, workshops and materials

Hart Knowe Trust - to fund Mindfulness Teacher Scholarships for four places bursaries Hart Knowe Trust - seed funding for three mindfulness-based projects seed funding HEALS Programme to support the provision of an 11-week course providing a holistic approach to a healthy lifestyle

Seed funding to contribute to funding mindfulness-based projects Sierra Leone Project seed funding for a mindfulness-based training project in Sierra Leone

19 Analysis of movement in unrestricted funds

Comparative period
General fund
General fund		 Balance at 1
January
2023
£
126,908
126,908
Balance at
1 January
2022
£
171,110
171,110		 Income
£
391,979
391,979
Income
£
474,811
474,811		 Expenditure
£
(416,343)
(416,343)
Expenditure
£
(519,013)
(519,013)		 Transfers
£
(4,122)
(4,122)
Transfers
£
-
-		 As at 31
December
2023
£
98,422
98,422
As at 31
December
2022
£
126,908
126,908

35 Doc ID: a99e13181a133363326df46331f28d0d843c6bdc

The Breathworks Foundation

Notes to the accounts for the year ended 31 December 2023 (continued)

Note 19 continued

Name of unrestricted fund Description, nature and purposes of the fund General fund The free reserves after allowing for all designated funds

20 Analysis of net assets between funds

Tangible fixed assets
Intangible fixed assets
Fixed asset investments
Net current assets/(liabilities)
Total
Comparative period
Tangible fixed assets
Intangible fixed assets
Fixed asset investments
Net current assets/(liabilities)
Total		 General
fund
£
55,574
1,846
3
40,999
98,422
General
fund
£
62,521
3,072
3
61,312
126,908		 Designated
funds
£
-
-
-
-
Designated
funds
£
-
-
-
-		 Restricted
funds
£
-
-
17,799
17,799
Restricted
funds
£
-
-
29,165
29,165		 Total 2023
£
55,574
1,846
3
58,798
116,221
Total 2022
£
62,521
3,072
3
90,477
156,073

36 Doc ID: a99e13181a133363326df46331f28d0d843c6bdc