BREATHE EASY
FOUNDATION
UNAUDITED ANNUAL REPORT & FINANCIAL
STATEMENTS FOR THE YEAR ENDED
31ST AUGUST 2024
Charity Registration No. 1159386

BREATHE EASY FOUNDATION
CONTENTS
Page
Trustees, Annual Report
statement of Financial Activities
Balance Sheet
Notes to the Financial Statements

BREATHE EASY FOUNDATION
TRUSTEES'ANNUAL REPORT FOR THE YEAR ENDED 31ST AUGUST 2024
Our sincere thanks to our Patron Dame Lorna and her husband Dr Muirhead, to all donors who
have made it possible for us to buy so many Nebulizers to donate. our families, Soroptimists
International Liverpool and our church congregation for their prayers.
FINANCIAL REVIEW
Total income for the year was £3,393 {2023: £5,425).
Total expenditure for the yearwas £2,099 {2023: £3,509), leaving a surplusforthe year of £1,294
{2023: surplus £1,916)
At 31st August 2024 the Charitable Incorporated Organisation's reserves stood at £16,542 (2023:
£15,248) of which £nil (2023.. £nil) represented restricted funds.
RISK MANAGEMENT
The main risks to which the Charitable Incorporated Organisation is exposed to as identified by
the Trustees have been considered and systems have been established to mitigate those risks.
RESERVES POLICY
It is the policy of the Charitable Incorporated Organisation to maintain unrestricted funds, which
are free reserves at a level to cover three months, running costs should no further funding be
received.
As at the end of the financial year the unrestricted funds totalled £16,542. The Charitable
Incorporated Organisation requires £525 for three months, running costs.
The balance of unrestricted reserves is to contribute towards medication and luggage charges
on the airplane for the visits to Nigeria.
PLANS FOR THE FUTURE
The trustees as volunteers will continue to support the activities of the organisation and its
smooth running, also to raise funds to buy essential equipment for asthma.
We are planning a fund raising to promote and protect the physical and mental health of suffers
of asthma and allergies in Nigeria and UK
STRUCTURE, GOVERNANCE AND MANAGEMENT
Breathe Easy Foundation is a registered Charitable Incorporated Organisation (CIO), number
1159386 formed on 27th November 2014, under the terms of the Constitution dated 20th July
2014.
The Board of Trustees shall consist of not less than three members and no more than 12
members. All the members of the Board of Trustees shall retire after three years except for the
first Trustees, who will retire after three or fours years as per the Constitution.

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BREATHE EASY FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2024
Notes
Unrestricted Restricted
Funds
Funds
2024
2024
Total
Funds
2024
Total
Funds
2023
Income and Endowments
from:
Donations and legacies
3,393
3,393
5,425
Total income
3,393
3,393
5,425
Expenditur8 on:
Charitable activities
2,099
2,099
3,509
Total expenditure
2,099
2,099
3,509
Net income, net
movement in funds
1,294
1,294
1,916
Total funds brought
forward
15,248
15,248
13,332
Total funds carried
forward
16,542
16,542
15,248
The notes on pages 7 to 12 form part of these accounts,
All the above amounts relate to continuing aclivities of the Charitable Incorporated
Organi8ation

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15,248
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15,218
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1S,248
15,248
14
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BREATHE EASY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024
1. Accounting Policies
Basis of Accounting
The accounts have been prepared under the historical cost convention with items
recognised at cost or transaction value unless otherwise stated in the relevant note(s) to
these accounts. The financial statements have been prepared in accordance with the
Statement of Recommended Practice.. Accounting and Reporting by Charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS102) (SORP 2019) effective 1st January 2019 2nd Charities
Act2011.
The accounts are prepared in sterling, which is the functional currency of the charity.
Monetary amounts in these financial statements are rounded to the nearest £.
The Charitable Incorporated Organisation has taken advantage of the provisions in the
SORP for Charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash
Flows.
Going concern
At tha time of approving the accounts, the Trustees have a reasonable expectation that the
charity has adequate reserves to continue in operational existence for the foreseeable
future. Thus, the Trustees continue to adopt the going concern basis of accounting in
preparing the accounts.
Fund accounting
Unrestricted funds are the charitable Incorporated Organisation's free reserves available
for the Trustees to apply in accordance with the charitable objects.
Restricted funds are subject to specific restrictive conditions imposed by the donor. All
restricted funds are accounted for as restricted income and expenditure for the purposes is
charged to the fund.
Fixed Assets
Capital expenditure is stated in the balance sheet at cost less accumulated depreciation.
Depreciation is provided to write off the cost of each asset over its expected useful life.
Income recognition
All income is recognised once the Charitable Incorporated Organisation has entitlement to
the income, there is sufficient certainty of receipt and so it is probable that the income will
be received, and the amount of income re￿1vable can be measured reliably.
Donations and legacies comprise of donations which are recognised in the accounts when
re￿ived, with the exception of known legacies which are accounted for when their receipt
is certain.
Expenditure recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing
the Charitable Incorporated Organisation to that expenditure, it is probable that settlement
will be required. and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accrual basis. All expenses, including support costs
and governance costs, are allocated or apportioned to the applicable expenditure headings
in the Statement of Financial Activities.

BREATHE EASY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024
Support and governance costs are applied to unrestricted funds unless specifically included
in the restrictions. as specified by the donor.
Expenditure on charitable activities relates to the operation of the charity comprising of
direct charitable expenditure to meet the objectives of the Charitable Incorparated
Organisation. Support and governance costs relate to the management and operation of
the organisation and also compliance with constitutional and statutory requirements in
producing the annual report. These are dealt with in the Statement of Financial Activities
when payment has been approved by the charity.
Cash and cash equivalents
Cash and cash equivalents indude cash in hand, deposits held at call with banks, other
short-term liquid investments with original maturities of three months or less, and bank
overdrafts.
Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments,
and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial
instruments.
Financial instruments are recognised in the charity's balance sheet when the charity
becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial
statements, when there is a legally enforceable right to set off the recognised amounts and
there is an intention to settle on a net basis or to realise the asset and settle the liability
simultaneously.
Baslc financlal assets
Basic financial assets, which include debtors and cash and bank balances, are initially
measured al transaction price including transaction costs and are subsequently carried at
amortised cost using the effective interest method unless the arrangement constitutes a
financing transaction, where the trans8Ction is measured at the present value of the future
receipts discounted at a market rate of interest. Financial assets classified as receivable
within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at
transaction price unless the arrangement constitutes a financing transaction, where the
debt instrument is measured at the present value of the future receipts discounted at a
market rate of interest. Financial liabilities dassified as payable within one year are not
amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest
rate method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or
are discharged or can￿lled.
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the trustees are required to make
judgements, estimates and assumptions about the carrying amount of assets and liabilities
that are not readily apparent from other SoUr￿s.

BREATHE EASY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024
The estimates and associated assumptions are based on historical experien￿ and other
factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an on-going basis. Revisions
to accounting estimates are recognised in the period in which the estimate is revised where
the revision affects only that period, or in the period of the revision and future periods where
the revision affects both current and future periods.
All expenditure is accounted for on an accrual's basis. All expenses, including support costs
and governance costs, are allocated or apportioned to the applicable expenditure headings
in the Statement of Financial Activities. Support and govemance costs are applied to
unrestricted funds unless specifically included in the restrictions, as specified by the donor.
Cost of charitable activities relates to the operation of the charity comprising of direct
charitable expenditure to meet the objectives of the charity. Support and governance costs
relate to the management and operation of the organisation and also compliance with
constitutional and statutory requirements in producing the annual report. These are dealt
with in the Statement of Financial Activities when payment has been approved by the charity
Taxation
Income and gains are exempt from taxation as they are received and applied for charitable
purposes only. The Charitable Incorporated Organisation benefits from various exemptions
from taxation afforded by tax legislation and are not liable to corporation tax on income or
gains falling within those exemptions. The Charitable Incorporated Organisation is not able
to recover Value Added Tax. Expenditure is recorded in the accounts inclusive of VAT.
2. Income and endowments from:
Unrestricted Restricted
Funds
Funds
2024
2024
Total
Funds
2024
Total
Funds
2023
Donations and legacies
Donations
3.393
3,393
5,425
3. Expendituye on Charitable activities
Direct
Support &
Charitabla Governance
Expenditure
Costs
Total
2024
Total
2023
To promote and protect the
physical and mental health of
suffers of asthma and allergies in
Nigeria and UK.
2.099
2,099
3.509

BREATHE EASY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024
analysed as follows:
2024
2023
Direct Charitable Expenditure..
Trips and activities
1,311
2,349
1.311
2,349
Support and governance costs..
Travel expenses
Refreshments
Booklets
Gifts
stationery and postage
Uniforms
Accountancy fees
87
43
300
135
45
225
30
565
518
788
1,160
Total expenditure on Charitabl8
activities
2,099
3,509
All of the above expenditure relates to unrestricted funding.
b. Staff Costs
There were no employees during the year ended 31$1 August 2024 (2023.. none),
The Trustees are not remunerated for their services.
4. Tangible fixed assets
There were no tangible fixed assets held during or as at the year ended 31st August 2024
(2023- £nil).
5. Debtors
There were no debtors as at 31sI August 2024 <2023: none).
6. Creditors.. amounts falling due within one year
2024
2023
Accruals
1,083
965
io-

BREATHE EASY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024
7. Analysis of net assets between Funds
2024
Tangible
fixed
assets
Net
current
assets
Total
Unrestricted Funds
General Fund
16,542
16,542
Restricted Funds
Totals
16,542
16,542
2023
Tangible
fixed
assets
Net
current
assets
Total
Unrestricted Funds
General Fund
15,248
15,248
R6Stricted Funds
Totals
15,248
15,248
8. Unrestricted funds
Movements in the Year
Income
Expenditure
Reserves
at beginning
of Year
Reserves
at End
of Year
2024
General Fund
15,248
3,393
{2,099)
16,542
Movements in the Year
Income
Expenditure
Reserves
at beginning
of Year
Reserves
at End
of Year
2023
General Fund
13,332
5,425
(3,509)
15,248
General Fund is used to finance the Charitable Incorporated Organisation's general
activities and core costs as outlined in the Trustees, Report.
9. Restricted funds
There were no restricted funds received during the year or held as at the year ended 31st
August 2024 {2023: none).

BREATHE EASY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024
10. Guarantees and Other Financial Commitments
There are no financial commitments under non-cancellable operating leases (2023" none).
11. Related Parties
There were no material related party transactions during this or the previous year which
require disclosure.
12-

BREATHE EASY FOUNDATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2024
(This page does not form part of the statutory financial statements)
2024
2023
INCOME
Donations
3,393
5,425
Total Income
3,393
5,425
EXPENDITURE
Charitable activities
Refreshments
Trips and activities
Stationery and postage
Booklets
Travel and transport costs
Uniforms
Gifts
Accountancy fees
45
1,311
225
43
2,349
300
87
30
135
565
518
Total expenditure on charitable actlvltles
2,099
3,509
Net income in the year
1,294
1,916
13