Company registration number. CE001579 CharÉty registration number. 1158156 Breakeven Annual Report and FiAwi¢ial Statements for the Year Ended 31 March 2024
Breakeven Contents Reference and Administrative Details Tntees, Report 2to4 tndependent Auditors, Report 5t07 ststement of Financial Activities Balan¢¢ Sheet ststement of Cash Flows 10 Notes to the Financial Statem¢nts llto19
Breakeven Reference and Administrative Details Charity Reglstratlon Number 1158156 Company Registration Number CE001579 The charity is incorpordted in United Kingdom . 22 Kemps Hurs¢)ieryoint West Sussex BN6 9UF Registered orrice Aeeountsnts SRC Advisory Ltd 2ND Floor Stanford Gate South Road Brighton East Sussex BNI 6SB Bankers HSBC 50 Church Road Burgess Hill West Sussex RG15 9AE Page I
Breakeven Trustees, Report The trustees, who are directors for the puSeS of company law. present the annual report together with the financial statements of the charitable company for the year ended 31 March 2024. Objeetlves and actlvltles Objects and actlvllufor thepublle benefil The purposes of the charity is to protect and preserve health and relieve need among people suffering froni addictions and addictive behaviors, particularly, but not exclusively gambling and their families and carers by . a) providing treatment solutions and support b) providing qualified therapy and COUDselling C) pmviding ongoing support and program$ to those suffering from addiction. The principal activities of the charity in the period under review were that of the provision of counselling and support services designed to advance and improve the quality of life of individuals and families through the delivery of effective and responsive interventions, therapies and counselling sessions that seek to resolve problems and issues. In addition, the charity provides quality training and guidance to other5 operating in these areas. Our strategic vision is to build on the past, work in the present and plan for the future. Aehlevementsi performance andplanslor Ihefulure The results for the year and fllwlcial position of the charity are as shown in the annexed fJnan¢ial ststem¢nts. The charity continued to receive grant fimding from Gamcare, the leading provider of inforntIo advice, support and counselling for the prevention and treatment of problem gambling to deliver services in the East and Southeast of England. In addition the charity has continued to develop the range of counsellin8 and support services it provides, which now includes the EGEH ( English gambling education Hub) and the GAP ( Gambling Awareness l¥evention) projects. During the year the charity also continues work within the criminal Justice system delivering over 400 AQA level l ac¢r¢ditations to both prisoners and prof¢s8xonals within the criminal justice system. The Charity continued to deliver its core program to over 2500 clients this fmancial year. During the year the Charity also received an award from HMP Highpoint r¢cogni8ing its outstanding wo within the prison ¢ommunity. Reservupollcy andgothg concern The Charity is working endlessly to bridge the gap between the spending and receiving of income and have found it ditTicult due to the nature of its current funding and expenditure, but is ¢ontinually looking at ways to add to its current reserv¢s, which is mininMI at the end of this fmancial year. In preparing the accounts, the trustees considered that the charity has a reasonable expectation to continue to r¢¢eive incoming resources. to enable it to continue its operntions for the foreseeable future Trustees and offleers Tbe trustees and officers serving durAng the year and since the year end were as follows: Trustees: Gordon Chapman Wae Keane David John Westcott Page 2
Breakeven Trustees, Report Strnetur4 governanLY and management Nature ofgovernthg document Memorandum of Articles Recrullmenl and dppoln1nw ofirxslees The procedures for the appointrn¢nL retirement and removal of tsutees ar¢ s¢t out in the ConstitutioL The day-to4lay operational aspects of the charity bave been delegated to the C.E.O Ian Sen)al and C.O.O Alex Semel Arrangenwitsforseuing key Managem•personneI rejxuneradon The trustees. who met at Tegular intemls to fomiulate policy and decisions during the year, including the arrangements and criteria for setting the pay and remuneration of the charity's key managem¢nt personnel Wayn¢ Keane ( appt 30105r2018) G Chapnwi { appt 24102114) D West¢ott ( appt 2210512022) Organtsallonal slrnclure Th¢ organisation is a CIO reered as a charity OD 7th August 2014 Th¢ cbarity is governed by the policies made from time to titn¢ by the trustees together with the tern of its Constitirtion which set out the objects and powers of the charity. Major r£sks andmanagemeni ofth05e rifks Risk Management The ttleeS have a risk rnanag¢ment strategy which comprises: an annual review of the principal risks and uncertainties that the charity faces and the establislllnent of policie4 system8 and procedures to mitigate thos¢ risks identified in th¢ revi¢w. Financial sustainability is the major financial risk for the charity. A key element in the management of financial risk is a regular review of available liquid fimds to settle debts and outgoings as they fall due and active management of trade debtors and creditor balances to ensure sufficient W0]ng capital is available. Attention has been focused on Don-financial risks and HR risks - an external audit by Stallard Kane helped us identify our current robust procedures and areas to focus on for next financial year. Risks are managed by ensuring procedures, Risk Assesstnents and policies are up to dats. with robust HR policies in place an regular awaren8 training for staff. Relatlonships with related parties Related Parties None of the trustees receive remuneration or other financial benefit from their positions trustees of the charity and any contractual relationship with a related party must bc disclosed to the board of trust¢es. Induction aDd trainlng of Trustees New trustees receive basic training and meet with existÈng trustees to understand their roles and the ch8rity:S operations. Trustees have received and considered relevant Clwity Commwion guidanrx on public benefit to ensure the charity's adivities align with its objectives. Page 3
Breakeven Trustees, Report ststement of Trnstees, Responsibilities The trustees (who are also the directors of Breakeven for the purpo of company law) are responsible for preparing the tntstees, report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prnctice} and applicable law and regulations. Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the fmancial statements unl¢ss they are satisfied that they give a Inie and fair view of the state of affairs of the charitable company aud of its incoming r¢sOurS and application of resources. including its income and expenditw< for that period. In prepari these financia] statements. the trustees are required to: s¢lect suitable accounting policies and apply them consistentty: observe the methods and principles in the Charities SORP" make judgements and estimates that are re&8onable and prndenL state whether applicable UK Accounting Standards havc been followrf subject to any material departures disclosed and explained in the financial stat¢rnents' and prepare the financial statements on the going concern basis unl¢&s it is inappropriat¢ to presume that the charitable company will continu¢ in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable companys transactions and discloK with reasonable accuracy at any time the financial position of the charitable company 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 re&8onable steps for the pr¢v¢ntion and detection of fraud and other itr¢gularAties. Wayne eane Chairman Page 4
Breakeven Independent Auditor's Report to the Members of Breakeven Opinion We have audited the financial statements of Breakeven (the 'charity') for the year ended 31 March 2024, which comprise the Statement of Financial Activities. Balance SheeL Statement of Cash Flows. and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SOIiP - FRS 102 The Financial Reporting Standard appIlble in the UK and Republic of Ireland, and applieable law (United Kingdom Generally Accepted Arxounting Practice). In our opinion the financial statements: give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure. for the year then ended; have been prop¢r]y prep8r¢d in accordance with United Kingdom Generally Accepted Accounting Prncti¢e; have been prepared in accordance with the requirements of the Companies Act 2006. Basls for opinion We ¢onducted our audit in accordance with International Standards on Auditing (UK) {ISA$ (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the fjnancial statements se¢tion of our report We are independent of the charity In accordance with the ethical requirements that are relevant to our audit of the fmancial ststements in the UK including the FRC'S Ethical Standard, and the provisions availabl¢ for small entities. in the circumstan¢¢s set out in note to the fancIal ststements. and we have fulfilled our other ethical responsibilities in accordance with these requirements. W¢ believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to golng concern In auditing the financial statements, w¢ have concluded that the tnjstees us¢ of the going ¢oncern basis of I¢untIng in the preparation of the financial stat¢ments is appropriate. Based on the work we have p¢rfornied, we have not identified any material uncertainties relating to events or conditions tha( individually or collectively* may cast significant doubt on the charity's ability to continue as a going concern for a p¢riod of at least twelve months from when the original fu)an¢ial statements were authorised for issue. Our responsibilities and the responsibilities of the trustees with re• to going concern are described in the relevant sections of this report. Other Informatlon The tnteeS are responsii )le for the other intorntion. The other infonnation comprises the inforniation included in the annual reporL other than the fjnancial stat¢ments and our auditor's report thercon. Our opinion on the fmancial statements does not cover the other inforniation an except to the extent otherwise explicitly stated in our repoil we do not ¢xpress any forni of &ssuran¢¢ COluSIon the0ll. In connpKtion with our audit of the fman¢iai statements. our responsibility is to read the other infonnation and. in doing so, consider whether the other inforniation is rnaterially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, w¢ ar¢ required to d¢tern]ine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have perfornied, we conclude that ther¢ is a material misstatement of this other inforntio we are required to report that facL We have nothing to report in this regard. Page 5
Breakeven Independent Auditor's Report to the Members of Breakeven Opinion on other matters pracribed by the Companies Act 2006 tn our Opinio based on the work undertaken in th¢ ¢ourse of th¢ audiL' the inforniation given in the Tntee$, R¢port for the financial year for which the financial statements are prepared is consistent with the financial statanents" and the Trnstees, Report has been prepared in accordance with applicable legal requirements. Matters on whieh we are required to report by exeeptlon In the light of our knowledge and understanding of the charity and its environment obtsined in the course of th¢ audiL we bave not identified material misstatements in the Trustees, ReporL We have nothing to report in respect of the following matters where the Cornpanies Act 2006 requires us to report to you if. in our opinion: adequate accounting records have not be kepL or retsllns adequate for our audit have not been received from branches not visited by us: or the fuwicial statements are not in agreement with the accounting records and retsrns: or certain disclosures of ffiteeS remuneration specified by law are not made" or we have not re1Ved all the infonnation and explanati0Th8 we require for our audiL the directors were not entitled to prepare the financia] statements in accordance with the small Companies regime and take advantage of the snTrll companies. exemptions in preparing the directors, report and from the requirement to pr¢par¢ a strategic reporL Responsibllities oftrustees As explained more fully in the Statement of Tn, Responsibilities (set out on page 4). the knstees are responsible for the preparation of the finan¢ial StateMts and for being Satisfi that they give a true and fair view, and for such internal control &$ the tntstees detsrniine is necessary to enable the preparation of financial statements that are free from material misststemenL wheth¢r du¢ to fraud or error. In preparlng the fman¢ial statements, the trustees are responsible for assessing the charity's ability to ¢ontinue as a going concern, dis¢losin& as applicabl< mattets related to going concern and using the going concern basis of arKounting unle&s the trustees either intend to ]iquidate the cbarity or to ¢e&8e operatiODS, or have no realistic alternative but to do so. Auditor responsibilities for the audit of the financial stalements Our objectives are to obtain reasonabl¢ assurance about whether the fJnan¢ial statements as a whole are free from material misstatemenL whether due to frdud or error. and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of a&surance. but is not a guardntee that an audit conducted in accordance with ISAS IUK) will always detect a material missts*ment when it exists. Misstatements Can arise from fraud or error and are considered material 1£ individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irreguknties. including fraud is detailed below." A further description of ow responsii)ilities is availabl¢ on the Financial Reporting Council's website at; www.fr¢.org.uklauditorsrcsponsibilities. This d¢scTiption forn]s part of our auditor's r¢porL Page 6
Breakeven Independent Auditor's Report to the Members of Breakeven Use of our report This report is made solely to the charitabl¢ company's trustees. as a body, in accordaace with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we migbt state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the clwitable company and its trustees as a body, for our audit worK for this report or for the opinions we have fornied. (Senior Sta or) ehalf of SRC Advisory W Statutory Auditor 2ND Floor Stanford Gate South Road Brighton East Sussex BNI 6SB Page 7
Breakeven Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Aecount Ydnd Statement of Total Recognised Gains and Losses) Unrestrleted ruDds Total 2024 Note Ineome and Endowments from: Donations and legacies tnvestment income 1.691211 3,025 1,691,211 3.025 Total income 1,694,236 I,694,236 Expendlture on: Charitable activitics (1,686.548) 1,686,548) Total expenditure 1,686,548 1.686,548) Net income 7,688 7,688 Net movement in funds 7,688 7,688 Reconciliatlon of funds Total fimds brought forward Total funds carried forward 52,015 52.015 59,703 Unrestricted funds 59,703 Totsl 2023 Note Income and Endowments from: Donations and legacies 913.419 913,419 Total income 9l3.419 913,419 Expendlture on: Charitable activities 915.202 915,202) Total expenditure 915,202 (915202 Net expenditure Net movement in funds 1,783 1,783 (1,783) (1,783) Reconcillation of thnds Totsl funds brought forward 53.798 53,798 Total funds carried forward 52.015 All of the charity's activities derive from continuing operations during the above two pwiods. 52,015 The notes on pages I I to 19 forni an integral part of th¢se financial statements. Page 8
Breakeven Olegistration number. CE001579) Balance Sheet as at 31 March 2024 2024 2023 Iyote Fixed assets Tangible assets 90.517 57.286 Current assets Debtors Cash at bank and in hand io 69.879 14,693 30.205 6.089 36.294 84.572 Credltors: Amounts falling due within one year 115.386) 41.565 Net current liabilities (30,814) (5.271) 52,015 Net assets 59.703 Funds ofthe charity: Unrestrleted Income fiIDds Unrestricted funds 59,703 52,015 Total funds 59.703 52,015 For the financial year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities: The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476. and The directors acknowledge their responsLI)ilities for comptying with the requirements of the Act with respect to accounting records and the preparation of accounts. anci I statements on pages 8 to 19 were approved by the ts7, and authorised for issue on d signed on their behalf by.. /L¢. Wayne K Chairnian and trustee The notss on pages l I to 19 forn] an integral part of these financial statements. Page 9
Breakeven Statement of Cash Flows for the Year Ended 31 March 2024 2024 2023 Note Cash flow$ from operatlng activitles Net cash income/(exp¢nditure) 7,688 {1,783) Adjustments to cash flows from non-eash Items Depreciation Investment income 20,870 3,025 15,998 25,533 14215 Worklng capltal AdJu$tments (Increaseydecrease in d¢btors Increase in creditors 10 (39.674) 2,895 Net cash flows from operating activities Cash flows from Investlng actlvltles tnterest receivable and similar income Purchase of tangible fixed assets Net cash flows from investing activities Net increas¢ in cash and cash equivalents Cash and cash ¢quivalents at l April Cash and cash equivalents at 31 March 59,680 3,025 54,099 28,551 28,551 8,606 1,483 6,089 4,606 14.695 All of the flows are derived from continuing operations during the above two periods. The notes on pages I I to 19 forn] an Inte[ part of these financial statements. Page 10
Breakeven Notes to the Financial Statements for the Year Ended 31 March 2024 l Aeeountlng polficies Statement of Compliance The financial statements have been prepared in accordance with AcMunting and Reporting by Charities: Statement of Recornmended Practice applicable to charities preparing thetr accounts in attordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effectÉve l January 2015) - (Charities SORP (FRS 102)). the Finan¢ial Reporting Standard applicable in the UK and Rq)ublic of treland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011. Basis of preparation Break¢ven meets the defmition of a public b¢nefft entity under FRS 102. Ass¢ts and liabilities ar¢ initially recognised at historical cost or trasactiOll value unless Otherwi stated in the relevant accounting poli not¢s. Golllg eoneern The trustses consider that there are no material uncertainties about the cFLaritys ability to continue as a going concern nor any signifiwt areas of uncertainty that affect the carying value of assets held by the charity. Ineome and endowments All income is recognised onex the charity has entitlement to the incooK. it is probable that the income will be received and the amount of the income receivabl¢ can be measured reliably. Grants receivable Grants ar¢ rccognis¢d whcn the charity has an enlitlement to th¢ funds and any conditions lit)ked to the have been meL Where p¢rforn]anc¢ conditions ar¢ attach to th¢ grant and are yet to be meL the income is recognised as a liabilty and included on the balaDrx sheet as deferred income to be rel¢&8¢d. Inve51nwnl Income Dividends are recognised once the dividend been declared and notificalion h&8 been received of the divideDd due. Expenditure All expenditure is recognised once ther¢ is a legal or coDStnyc obligdion to that cxp¢nditire, it is probable settlement is required and the amount can be rneasured reliably. All costs are allOted to the applicable expenditure heading that aggregate similar costs to that category. Wh¢r¢ costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources. with central stsff costs allocated on the basis of time sp¢nL and depr¢ciation charges loCated on th¢ portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Ratslngfunds These are costs in¢urred in attracting voluntsry income, the n]anagement of investnients and those in¢uffed in trading activities that raise funds. Charilable activlll Charitable expenditure comprises those costs incutTed by the charity in the delivery of its activities and seThices for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature nessary to support them. Page 11
Breakeven Notes to the Financial Statements for the Year Ended 31 March 2024 Support eosts Support costs include central functions and have been allocated to activity cost categories on a basis ¢onsistsnt with the use of resources, for example, allocating propety costs by floor areas, or per capits, staff costs by th¢ time spent and other costs by their usage. Governance costs These include the ¢osts attributable to the charity's ¢omplian¢e with ¢onstitutional and statutory requirements, including audit, strategic management and tnjstees's meetings and reimbursed expenses. Taxgtlon The charity is considered to pass the tests s¢t out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the defmition of a charitable company for UK corporation tsx purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within ¢ategories covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Se¢tion 256 of the Taxation of Chgeable Gains Act 1992, to th¢ extent that such income or gains ar¢ applied exclusively to charitable purposes. Tanglble flxed assets Individual fjxed assets costing £100.00 or more are initially recorded at cos¢ less any subsequent accumulated depreciation and subsequent accumulated impairnient losses. Depreelatlon gnd 2mortls2tlon Depreciation is provided on tangible fLxed assets so as to write off the cost or valuatioty less any estimated residual value, over their expected useful economic life as follows: A$$et class Office equipment Fixtures & fittings Depreclatlon method and rate 250/0 straight line 25Yo reducing balance Cash and cash equlvalents Cash and cash equivalents comprise cash on hand and ¢all deposits, and other short-terni highly liquid investments that r¢&dily ¢onvertible to a known amount of ¢ash and are subject to an insilfi¢&Tht risk of change in value. Trade eredltors Trade creditor5 are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as ¢urrent liabilities if the charity do¢s not have an unconditional right, at the end of the reporting period, to d¢f¢r settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non4urrent liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost usxng the effective interest method. Page 12
Breakeven Notes to the Financial Statements for the Year Ended 31 Mareh 2024 Borrowings Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. tnterest-bearing borrowings are subsequently caTried at amortised cosL with tbe difference between the preeds, net of transaction costs, and the amount due on redemption b¢ing rognISed as a charge to the Statement of Financial Activities over the period of the relevant bo0wg. tnterest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at l¢ast twelve months after th¢ rq)Ortll date. Fund strneture Unrestricted income funds are general funds that are available for use at the trustees discretion in futtherance of the objectives of the clwity. Flnaneial finstruments Cl&Yslflcallon Financial assets and fmancial liabilities are recognised when the charity becomes a paty to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the COntrtUal arrangements entered into. An equity instrument is any contrart that evidences a residual interest in the assets of the charity after deducting all of its liabilities. 2 Income from doThvatlons and legacies Unrestrkted funds General Total funds Grants, including capital grants. Grants from other charities 1.691211 1,691,211 1,691,211 Total for 2024 1,691,211 Totsl for 2023 913,419 913,419 3 1Dvestrnent income Unrestricted funds General Totsl funds Interest receivable and similar income. Interest receivable on bank deposits 3,025 3.025 Totsi for 2024 3.025 3.025 Page 13
Breakeven Notes to the Financlal Statements for the Year Ended 31 March 2024 Totsl 2023 4 Expendlture on charltsble aetlvltles Unmtrleted funds General Total 2024 Note Staff costs Allocated support costs Governance costs A¢tiviti¢s undertaken directly 1,040.487 145.871 26.093 474.097 1,040.487 145.871 26.093 474 097 1686,548 1686 548 Unrestrleted funds Genervdl Tothl 2023 Note Staff costs Allocated support Costs Governance costs Activities undertaken directly 535,803 50,908 655 327 836 535,803 50,908 655 327 836 915 202 915 In addition to the expenditure analysed above, there are also governan¢¢ costs of £26,093 (2023 - £655) which relate directly to Charitable activities. See note 5 for further details. Page 14
Breakeven Notes to the Financial Statements for the Year Ended 31 March 2024 5 Analysis of governance and support costs Support Costs allo¢sted to ¢h4rltAble activities Other Informitlon AdminK¥trAtlon Support technology costs eosts Totsl rundj Basis of allocation Telephone and fax Computer software and maintenance Printing, postsg¢ and stationery Accountancy fees Legal and professxonai fees Depreciation Staff entertaining Consultancy fees 19.758 19,758 36,094 36,094 19295 19295 23,588 3,736 20.869 6,515 23,588 3.736 20.869 6,5l5 Total for 2024 36,094 39.053 145.871 Total for 2023 17,951 10.463 22.494 50.908 Basts of alloeatlon Reference Method of allotIOn Unrestricted funds Governance costs Unrestrlcted runds General Totsl fund# Audit ftes Audit of the fll)ancial statements Other governance c05ts 24,000 2.093 24,000 2.093 Total for 2024 26.093 26.093 Totsl for 2023 655 655 6 Net Ineomlngloutgolng resources Net incominW(outgoing) resour for the year include: Pag¢ 15
Breakeven Notes to the Financial Statements for the Year Ended 31 Marcb 2024 2024 2023 Audit fees Deprectation of fixed assets 24.0(K) 20.412 15,998 7 Trustees remuneration and expenses Durlng the year the charity made the following 1ratisactions WAth In. Wayne Keane £669 (2023: £190) of expenses were reimbursed to Wayne Keane during the year. David John Westeott £500 (2023: £Nil) of expenses were reimbursed to David John Westcott during the year. Gordon Chapman £533 (2023: £Nil) of expenses were reimbursed to Gordon Chapman during the year. No remuneration was receiveja by any Tnts. Page 16
Breakeven Notes to the Financial Statements for the Year Ended 31 March 2024 8 Stsff eosts The aggregate payroll costs were as follows: 2024 2023 Stsff costs durlng the year were: Wages and salaries Social security costs Pension costs Other sta£Ycosts 895,892 86,948 47,084 10.563 474.466 43.928 9.682 7,727 535 803 1040,487 The monthly average number of persons (including senior management I leadership team) employed by the charity during the year expressed as full time equivaIents was as follows: 2024 2023 No Number of stsff 25 15 During the year the charity made the following transactions with key management personnel: C.E.O The C.E.O receiv¢d remuneration of £137,850 (2023: £97,850) c.o.o The C.O.O received remuneration of £103,222 (2023: £53,556) 9 Tvdnglble fixed a$$ets Furnlture and equlpment Totsl Cost At l April 2023 Additions 101,535 54,099 101,535 At 31 March 2024 155,634 155 634 Depreclatlon At l April 2023 Charge for the year At 31 March 2024 44,247 20,870 44,247 Net book value At 31 March 2024 At 31 March 2023 57,288 57288 Page 17
Brea1en Notes to the Financial Statements for the Year Ended 31 Marcb 2024 10 Debtors 2024 2023 Trade debtors Prepayments Other debtors 60.000 9.879 30205 69,879 30205 I I Credltors: amounts falling due wlthln one year 2024 2023 Trade ¢r¢ditors Other taxation and social security Other creditors Accruals 25,146 64.630 14.210 11.400 904 26,731 11.630 2.300 115386 12 Penslon ind other schemes Defined ¢ontrlbutlon penslon $¢hem¢ Th¢ charity operates a def¢d contribution pension scheme. The pension cost charge for th¢ y¢ar represents contributions payable by the charity to the scheme and amounted to 7.083.93 (2023 - £9.681.53). 13 Anglysls of net assets between funds Unrestrleted funds General Totgl funds at 31 March 2024 Tangible fed assets Current assets Current liabilities 90.517 84,572 115,386 '. 90,517 84,572 115386 Total net assets 59.703 Unrestrlcted funds Gelleral Totsl funds at 31 March 2023 Tangible fed assets Current assets Current liabilities 57286 36294 (41,565 52,015 57286 36294 41.565 Total net assets 52,015 Page [8
Breakeven Not to the Financial Statements for the Year Ended 31 March 2024 14 Related party transaetions Breakeven Ltd (The CEO and the COO are directors and owners of Breakeven Counselling limited.) During the year, the charity recognised expenses of £32,206 in relation to s¢rvices provided by Breakeven Counselling Itd, a related paty. in a prior fmancial year. These services were not previously accounted for and have been recognised in the Statement of Financial Activities (SOFA) in the Cuent year. As of 31 March 2024, the charity had no outstanding balance payable to the related paty.. At the balance sheet date the amount due tolfrom Breakeven Ltd was £Nil (2023 - £Nil). Page 19