Cknrityrèetstratloty Mmber 1166646 Byeadwlnners Foundatlon Annual Repts and Hnanclal Statements For The Year Ended 31 Marth 2023
thèrtryreglstraiioty number. 1166646 BreadwinnersFoundation Cohtents Paze No Reference and Administrative Oetsi15 Trust**s' Report Independent Eyaminer's Report Slalement of financial activities BalanCeSt io Noles lo the financial statements 11-16
tharlty retystravon number: 1166646 Bread4nner$ Foundation Reference and Administrative Details Status 8readw1nr FoundatKJn a registered chxitat4e organisation incorporated on 20 Awl 2016 Governing Document OO Foundation modd. the companywas established under Charitie5 Act 2022 Charrty re8lStration number 1166646 Board ol Trustees Baneta Yelda John li51er Anneka De rim Sloller Tracey Harner Kale sanger Harry Geor6e Principal Addfess 3 Space Iniematiortal House Cantprbury Cres London SW9 7QE Indèpendent Examiner Carbon knouniancy LImle0 Chartered Acctsjntants and Reglstered Audltors 883 Lont Lan* London ECIA 9Et
orityreLtstrthn number. 1166616 Breadwinners Fourlt10n Trustees, Report For the erfiod ended 31 Marth 2013 Paoe 2 TrusttES' Rep(rtfor the period ended 31 Marth 2023 The trustees present th[ feport and the independently examined finantial statements for the yèar nded 31 March 2023. The eoard of Trustees are satislied wrth the perfonnance of the tharity during the perd and the position on 31st March 2023 and consider that the charitv is ir a strong positior to continue rts actwrties duriwd the coming year, that the charity's assets are adequate to luifil its obligations. The referente and admSnistrètlve Information set oul Pa8e I fI)M part of this report and ihe finantlal statements comply with (urrent statutory requirements and the Statement ol Recommended Practice. AccoLmting and Reporting by Charities ISQRPI. A ReNiew of Charitable A£li¥rlies Undertaken by the Charitylor the year 21n2123 The charlry Breadwlnners Found3tlon had a successfvl year In 202212Q23. despite the challen8es posed by the COMD-19 pandemic and the subseqvent cost o I IIng crisis. In addition to its traditional lace-to-fxe market model, the organisation continued wilh an online tholesale programme to supp¢yr young relugees and people seekins asylum. As a result. Breèdwnners was èble to grow sales by 45% to the prev)us year. established new Market stalls and wholesale customers In LondM, and (Mtinue to erow operations In Br6gMon by addln8 the ftlsers Pro8ramme, uItIMately allowing a 32% Incwease In the number L)f participants benefiting from work eperience, trainlng, and mentorin8 pro8rammes. This allowed Breadwinnefs io 8row the number of pt1pant5 benefitln8 from their flagship proirammes 'Risers Ifor youn8 peoFAe seeklth$ asylum doing Volunteer1 work experience at market stalls), "Breadwlnners. (for refugees dolng thelr first pald lob the UK as market siall Managers), and "Proofers" Ifor refugees doin8 their 2nd paid b by becomin8 Sales fteyesentati¥e$ 4)n the Whdesale modell. In recognition ot their Inno¥atNe approach and impact. 8readwlnners woduced the first Participatory A(tiw Impart Report IAfter 2 Peer-io-peef led Impact reports In prewous yea1 and reieNed two C00n1CnS.' 'Mi8hlv Commended Impact Management ChampiLWts by PiLeers Posi SFIOO 2023 and Third Sector Leadership" by Social Value Awards 2023. Breadwinners. artisan baked goods were sold at ekly markets in London and five in Brighton, as well as at six evenls. Thty alsg provided market seNces to three weekly markets and supported them. Their wholesale operations grew 2.5 times, to include a total 01 $5 soci31-minded, £afes and restaurants. and corporate5. These retail operations allowed Breèdwnners to provide over 1.235 days of paid work. totaling £84,317.91 la 37% increase from the previous periodl in sell-employed earnings lo participants in ihe,BreadWinrrs and"PrLK)fers" programmes, a5 well as $92 day5 of work eyperien¢e for 'Risers" pro8ramme partipants. In addition. the charity paid £22,356.CXJ, in travel and subsistence expenses to enable young refu£ees to access iheir programmes and proknded 31 laptops to ensure IncltssNfty and accessibility to cwr pro8rammes. Breadvlnners conJnued to offer online in-per trèinin8, providinA 124 sessions that iauRht new employabil skills to prograrnme participants and 16 commuryty se55ions to keep the cornmunity connerted. The core team at breadwinners grew from 7 people14.7 FfEI to 8 people16 FTEI to be able to increase the support provided to young people. The trustees are pr¢ud of rhe Impart achId by the orÉants*lon and all the graduaie$ and mentors of the "Breadwinners." Risèrs." and ProDfer5" pro8fdrnmes. The Risers ramme The 'Risers' pro8ramrne, run by ihe tharrty for five years, su¢ce5sfully delivered six ¢ohorts of young refugees and asylum seeker5 aged 16-24. four of them in London and in Brighton. Of the 204 applicatson5 received. 74 participants were able to take part in thestructured pro8ranme. which inc1ed work experience at 8readv4inners
Breadwinnw5 Foundztb)n TiustÈes' Rewt for the rK>d ended 31 March 1023 Poge3 market sta115, Irainin8 111 customer Serce, sales, food hy8iene, and CV and inlemew ski115. as well as oneOnE mentoring support. The programme saw high attendance 131es, with participants demonstrating their eagemess to learn be a part ofthe market (LNMiunrtv. Thr4xgh the programme, 592 work experience se5sn5 were offered. totaliTra ovw 1.184 hours of work experience for the partitipants. In addr(ion, 59 Irainin8 se0$ were held to help partiLip3nts develop transferable skills, and 592 one-on-one mentoring sessions were condutted to support iheir persal development and expand their nÈtworks. To make the programme accessible, Breadwinners wowded food and transport Costs for each participant totaling £12,614.19. Slnie from the proyarnffle. 15 partklpants ret•S%d perrnl551on to Tork and have ialned ernployment. wbth 7 of them behng promoted to pald posttlons as 0readwlTrts Fwnd•tlon Slall M•nayrs on the "&readrfnners" Proyamme. The 8readwlAnets Pro r#mmt Thè "8rtadwinners" programmt saw 69 unempbyed rth18. applicati¢)ns bttwéen London and Brighton, and 42 af them were supported by the B¥eadwnners Foundation In securing iheir lirst Job as part-ts'me self-employed market stall managers. earni the-Re31' living wage. In total, 8readwinners paid £66.924.71 to young refugees lor their work t the markEt5J prowding 944 days of work experienct. Throu8h the bread stalls, the pro8ramrne provided participants with the opportunity to transition from unemployment to work in a supportive, entrepreneurial environment before entering long-terrn employment. Workin6 at the rnarket sta115 allowed participants to gain confidence. Improve their En8lish lan8ua8e skills. and become more Inie8raied with th•r community. The PTO8r3mme also proviijed participanis with the opportunity to develop and appty new skills through 47 training sessions, such as suppty plannin& SaS, rnarketing and linanti31 manaKèmtnt, as well a5 SUPPtrt and mèna8è the woik exptriente of Ristr5" partidpants. To make this programme accessible. Elreadwinners covers the Transport cost of participants. totalin& ffi,679 4J ThrouglM)ut th¢ pr¢)8rJmn, ¥n averue of 6.$ month& TJ% rf pJrtklp•nts yoiressed otr lobs or UnIr$1th¢S wlth the help of thelr rnentWS. The Proo The "Proofers" programme was established In response to the COVIL>19 pandemic in March 2020, when the readwinner5 Foundation pivoted io an trttmmeree model and eontinued to support ytyJn8 refugees ornline. During the 2023 financi31 year, the programme £han£ed again from e-commerce to a vtholesale model for social-minded restaurants and cafes and fUilled a total of 3,099 T*knolesale orders. These (¥ders were managed ihe 'Proolers" pro8ramme paiticipanLs. 14 participants from Ihe "Breadwinners" progiamnie pio8iessed to the 'Proofefs' pro¥rèiTiffle and beca171e Online Sale5 Representatives, workln8 from home and pèid above ihe -Real" LIn6 Wage to manage the wholesale operations and contart new and $ting customers by phone, update databases. do the sup¥ planning and send invoKes. The Proolers received 18 trainin8 on advanced skills including IT. databases, and Custorner stre, and managed io acquire 26 new tustomefs. Breadwinners £16,059.Sl foT their work. Through the pro8r3mme. 14 laptops were provided to pzrtKipants to enable them to wcwk safely and femotdy. Prepari them for lon8-lerm employment. The prosramme also allowed participants to work fvom home, the office, and wsit wholesale customers, providin8 them with the opportunity to learn how to work rernotety using tT and improve theiTCUStomer service skills. ThroLt8hout the protramme. an lae of 6.9 months 79% of participants wolressed into other jobs the help of their mentoN. The Cornmun ArtfvitiÈs To build a sense of belongin8 and cwibai the isoktion Ung refugees experience in the UK. the Breadwirnners Foundation tontirnutd to run communrtyattNitieswith tht hdp of volurteers. These attwr(ies provide a safe space
readwinners Foundation Page4 Trustee's report For the eriod r ended 31 March 2023 for communily members to meet. f(6ter a deeper ser6e of bekJn8i and the allh and well-being of P3rticip3nts. During thè 2023 finana31 period. the Breadwnners Foundation has run 16 community activities. including Iftar dinner. Football toumaments. theatre visits. Bike rides Irom London to Br4hton. and Ice Skatin8, with a totsl of 386 pkrticipants. The Lon term I In December 2022, Breadwinners Foundation set out to produce the first Participatory Actson Research Impact repDrt, after 2 successful Peer-ttrpeer led reports in $weVUS years. Abdoul. a £raduate of our Rsers Programme. led 12 of our ytyJn8 people, including partiopants from our Proolers Programme Iyoun8 refugees employed as Qnline Sale5 Representatives managing our wholesale busines$l. For the first time. our young peOe not called 250 progr3mme alumni to 8et fpedback peer-ttrpeer bLrt dewed the questions we asked our tornmunity ènd helped us concrete solulion5 lo the feedback. Thanks to our partTrcipants' liyed exPern(e and leadership. we Te able to obtain rich information in an unbiased way, 8ivin8 us valuable Insights irfo our artNities and thanees to implemerf. Usin8 this participat¢yy approach to impact measurement not only empowers our participants as Ung leaders to use their e>perience and refleCticS on our programmes to influenfe our or8aniiarional siraieiy also enrithes their CV with paid WLYk earning ihe "Real LiviTh8 Wage" Our innDVati¥e approach to irnpact measurement and repcrtin£ has a150 eamed us awards and media attention, havin8 recently rectived the Third Sertor Leadership- awarij by Social Value Portal120231 for our first PAR, and spoken at Social Enterprise UK. Pioneers Post. and FUSE NWiCh about our approach After this report, we rnade chan8es based on their feedback. Breadvmnners FOundatn also tested previou5 changes made, from open-ended to fixed-terrn proyamme& Below are the key findin85 participants. Findlngs .Attessi&'lity'. 95.7% of respondents lound Brtadwnnèrs support their txptrtations. .Wofk experlenie.. 95.6% founil B adnr.5 wofk experience usefvl, 25% identified EnA115h as a challenge durlng thelr work tmyriencè, makin8 rt the 111 chaln8e fa¢ed .Trainin8'. 86.9% found ourtraining sessicffis useful. .Mentorlni'. 97.8% enjoyed their Breadwinners mentOrinA experience. .Pefsonal DÈ¥dopment.. 91.3% s3id they developed personal through thè progr3mme that they completed wlth Breadwinners, Top 3.. Confidence. work experience, communica11(. .Further opportunrties.. 87% said 8readwinner5 helped them into their future career. Adion5 8reathrynners Foyndotion hq5 token M*e aadWInnerS mC a¢¢essible. Increased transport monèy co¥er for pwlè INe further 3wav. o Priorit12ed spaces for youn8 women in our employability programmes. Support participants with EnBlish Created basic lan8uage exertises for the market sts115 lor kick-off and u5in8voice mes5a8e. Incrèasè attendance at trainlnR CoMple training for all core team members to becorne expèrt ladllt3tors In youth Engagement. o Crealed memory8ames around leart)ing bread nan. Take attendance at 311 training sessicffis. Complete training 311 core team members to become expert lacilitators in youth en8a8emenl. Facilltate Mwtorfng after programmes o Make sure that people who wantto continue mentorin£ are referred to partner or&anlSaiis. g Increase personal development possible through the Proofers pr(wamme by extending from 3 to 6 months and 2 days per week. Added professional Coaching to the ProofÈrs prograrnme.
rliy reEfjstrthn number. 1166616 Breadwinner5 Foundation Trustee's report For the erlod ar Ènded ai March 2023 Monitor the use of outcome slars Increase understanding from mentors and mentee5atrM)utthe use of Outcomestsrs. Core team to run Ouicome Sr5 onty on exception. Increase knowledge aiKJul LWPOrtunilies Created a "Beyond Breadwinne(s- neletter hlthli8hting the lop 3 LWPCrtunities for young people to pursue after BreainnerS. In addition to thr5 peer-led feedback. Breadwinner5 Foundation uses the Outcomes Stsr's self-asse55ment impact framework to assess the impact continuously. 0Come sittr- ionptemi Outcomes 99% said their communication skills had improved. 95% Sa they felt more prepared for work Lrainin8. 95% 53id tliey fek more motivated to reach tehri goals. 92% they felt theld made a difference In theirtomrnunity. 93% Sa their well- bein8 had iryiroved. To 8au8e ¥our8 people's overall saiisfartion. mentors asked them to rate their lelihood ol recommendin8 ihe Brcadwlnners Foundatlon to other youn£ people. The results were o¥er¥thelMlnRty posiilve. wAih a 97.35% Net Promoter Score. Customers. rnark?.t trads, reslaurants. cafes. and c¢yporale5 hav? n41 only .Thrite. fram th oijality of produrts and services offered by 8readwinners Foundation's programme partbcipants. but they have also learned more about the pèrticipants. experiences, stcffles. and Countries ol l91n. 105tedng a deeper understanding and connectlon between diflerent communities. The loundalion had the support of 99 volunteer mentors. Irained and 5UPPCrted by the 8readwinner5 core team, who have shared their skllls to support the young people and 8readwner's mission. These volunteers113ve reported feeling uselul to the pro8ramme5 and their local community and the sreadnDerS Follndatn is gratefvl for their continued support. Furthermore, the Breadwlfiners and oofers proRramme has been successful in helpin8 69 particpants to proyess Into unlverslty. or other pr¥w•mmes afterwadu•¢kn8 from Bre•dwnnets •nd pèmiiti. Whè bieadwin Foundatn su The Breadwinners Foundation focuses on supporting rehJ8ees and young people seeking asylum who are facing multiple disadvanta8e5 These indNiduals may have experienced trauma such as war, torture, ty traffickin8 as a result mav have psychologTrcal and physical challenges that affert their conlidence. self-esteern. and mental we114>eing. The foundation work% with leadin& refugee organi23tions to idenrify indrd31S who have the diive and ambr(ion to but lack the resources and UK experience to do 50. Desprte many refugees being high skilled and educated. unemployment arnong refugees in London is e5tirnated io be around 7LI%"Idata from TENT & Braking Barrier"UK employers, 8uh4e lo hirin8 refu8ees'1 compared to a London-wide unemployment rate ol arOUr 4%. 8arritrs io finding work mèy indude a latk of UK training and e>periernce, languège issues. and diScrimatIOn and Misconceptior from employers abo¢Jt their n8hi IO tAffjrk. Despite many refugees being high skilled and educated. unemployment arnon8 refu8ees in London is estimated to be around 70%"Idata from TENT & Brakin8 Barrier-UK employers, 8uide to hirin8 refu8ees'1 compared to a London-wide unemplownent rate ol arOUr 4%. 8arTiers io finding work may indude a laek of UK training and ejperience, language issues, and diScrimatIOn and misconceptior6 from employers about their n8hi to Tmwk.
increase of 45% compared to the previous year, totalling £378K. This represents 69% of the total income for
time in five years, made a net deficit of £58K. To manage this, Breadwinners Foundation has undertaken a cost review to build a long-term sustainable financial plan and increased the focus on grant funding and cost saving initiatives.
orityreLtstrthn number. 1166616 Breadwlnners Foundation Trustee's report For the eriod Paqe 7 r ended 31 March 2023 of our benefitiaries provides transparenty to our funders. We a also tommitted to tondudinE our first Participatory Attion Research lrnpatt Report to gain a deeper understanding of the impact of our prozrammes. In the toming year, we plan to keep expanding our programmes across London and e51abli5h our operations in Brighton. We will be looking to increase the number of young people supported through our Risers programme in Brighton and optimising the capacity of young people SUF¥)Orted in Londgn. We will also focu5 on improving our Proofers programme and aim to grow (yjr wholesale model. Additionally. we wll continue to safely run community activlties and events and explore new models to increase Ihe reach arKI opportunlties Pn?ded to refugees in the UK. A briel 5tsteMe of the charitvs policy on Yeserye5 The Breadwinners Fwndation recognYLes the irnportaKe of maintaining reserves as a young charity to ensure the Continuity of Its prograrnmes and sewwce5. We have been using any funds recewed to meet our working capital requirements and ensure we can £ontinue our rn10n of supporting refugees and young pee seekn'ng asylum lacing multiple disadyanta8es. In line wth the Buidance issued by the Charity CommissKiners on public benefit, the Trustees have considerecl thsf responsibillties and have assessed the main areas of ri5l taking action as necessary to rninirnise that risk and ensure that the needs and well-being of our beneficiaries are at the forefront of our policy. The Trustees are confident that the charity fullils the criteria lor puNic btfIt and will £oniinue to review and monitor our resepie policy to ensure its effettweness in supporting our miss*)n. DECTIoN Approved by the Board of Trustees on 20/oin024 and signed on their behaw bv.. Tim Sloller (Trustee &Treasurerl
rliy reEfjstrthn number. 1166616 Independent Examiner's Rortt0 the Tn15tees ¢ 8re3dwinners Foundati()n for ihe erlod ended 31 Mar¢h 2013 I report on ihÈ finkntial seMentS of the charity for thè PÈTiod ènded Al Marth 2023. which are out on pages 7 to 13. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom A££ountin8 StaThdard5 (United Kingdom Generalty Atcepted Accounting PractKel and the Ststement of Recommended Practice'Accountin8 and Reporting by char[t ISORPI,. Ilesperti¥e responsibilities of iw5tee5 and tMle1 The trustees are responsible for the preParatn ol accounts. The trustees consider that an audit Is not required for the year under section 114121 ol the Charity. The tharity's gross intome exteeded E25,OJO and l am qualiffied to undertake the examination by being a qualified member af Chartered Accountsnts in IrelandllCAII. Havlns s3t15fied myself th3t the charfty Is subjert to audit under cornpony law and is ellglble for Independent examination. it is my responsibility to.. examine the aciourbls under seclion 145 of the 2011 kl.. follow the procedures laid down in the General Dirertions efjven by the Charity Commisskn under sertlon 145 (Sllbl ol the 2011 Art., and state whether particular matters ha¥t come to my attention. 81$ of Independent VA•mlnerfs report My exarnination was tarried In attordantt wth the General t"rections gwtn by the Chanty Comm155ion. An examination includes a rewiew of the accounting records kept by the chariry and comparison ol the accounts presented with those recDrd5. It a150 includes Consideratn of any unusual iterns or disclosures in the accLxJnts and seeking explanations from you as trustees conceming any suth matter& The yocedures undertaken do not provide all the e¥idence that would be required in an audit and consequently no opinion is given as to ¥thether the accounts present 'true and lair viev/ and iht report ig limitèd to those maters set out in th statemtht below. Independent examlnerfs statemert In connection with my examination, no matter her ihan daSed above has come to my attention.. Which gNes me rtasry)ae cause to believe tha¢ in any material respectthe requirement5. To wepare accounts which accord wilh ihe atcountlng records, comply wlth ihe 3ccountlne requ1mentS of se(tion 396 of the Compat)ies Act 2C(6 and with the methods and princlples of the Statement of Retommended Prattice.. knunting and Reportin8 by Charities have not been met; or To whlch. In my opinlon, 3ttentlw should be drawn In order to enable 3 proper undÈrst3ndinK of the 3c¢ounts tg be reached. Date.. 2010112024
Ch•rityYegbtratloty rbumber. 1166646 BreadwlnnersFoundatn ststement of Financial Attivities lindudinglncome and ExPendire AcntI Notes Restricted UnrestrKted 2023 2022 Income Donationsand leBacies Sales Grants 13506 2L618 3?8.OC 35,124 378,OLY) 148.974 26.784 259,9)5 178.998 S2.974 Total Ihtome 66N80 495,618 562,099 465,687 Expendlture Cost of raising fvnds Cost of sales 291 343.182 343,473 214.644 Expendirvreon ¢horiiobleActivffles Cost of £harltable artIvleS li 143.967 132.733 276.7 J81.CK17 Total •%p•ndltur• 144.257 475.915 620,173 395,651 Net Income I lexpendltwe 177,7771 19.703 IS8,0741 70.036 Rec¢110atlOTh olfvnd$ Totsl fundslrstl broughtforward Translerbetween funds 113,665 133 48,896 11331 162,561 92,524 Tot•lfynds c#rrledlgnswd 36,021 68.466 104.417 161.$60 The statement of Nnanclal artNi(ie5 includes all on5 arKI1055es In the year. All in(orne and expendhure derlved from contlPlUln8activr(ies. The notes on page5 9 to 15 form an integral part of these financial statement
Chrlty reEtskntb)n n*nber. 1166646 BreadWlnnersFnda1l0n Balante Sheet for the pariod ended 31 March 2023 Paqe 10 2023 2022 Intangibleassets Tangibleassets CuffthtAssets Debtors Cash at Bank & in hand Total current assets 10.860 101.854 112.714 13.449 153.731 167.179 Crédiiors Amounts falling due wlihln One Year 18.2281 14,6201 Net Current Assets 104.487 162.560 Nel Assets Total tshds olihe tharlty Reslricled Funds Unrestrirted Fund5 io 3&021 6&466 1ts,66S 48,896 For the financial year ended 31 March 2023, the charity was wtitled to exemptyon from audit relatin8 to Small ¢harities. Trustee'sresponsibilr(ies'. The trustees acknovled8e their responskniliries for complsryn8 with the requirements of the Charities Act with respect to accountin8 records arnd the prepar1) of accounts. Apwoved bythetrusteeson 20101n3 and yell ontheir behalf by. Tim Stoller rrru5tee &Treasurerl The notes on PaBe5 9 to 15 form an inte6ral part of thesefinancial ststernents.
Charityreosiratlon nuwthr. 1166646 Breathvinners FIndatIO Notes to the Financial Ststements for the eriod eThded 31 Marth 21)23 P47ge 11 11 Attountinz Policies Summary ol siinifKant accountin8 policies and key a((ti estimates The princip31 accounting poliues applied in the prÈp3iation of these financol statements are set out below. These policies have been conslstently applied to all years presented. unless otherwse stated. ststement of ¢ompllan¢t The financial siatemenis have been prepared under kn accordarrte wlth the Statement of ReC¢)rnended Practlce 'COUntIng and Reportin8 by Charitiès ISORPI.. Basls of prep3ratlon These fknantlal statements have been prepared USI the hlsiorl¢ cost tonventlon, unless otherwlse stated In the ccounting polkias. lTr¢ome Unrestricted income funds are general funds that are availabk for use at the trustees, di5cretic•n in furtherance gf the objective ol the charity. Restricted funds are those drated for use in particular area of speofic purwses. the use of which Is restricted to that area or purpose. £4ndItUre Cost of raising funds relaie to ihose speoh"c Costs incurred in or8anizing and siagin8 fundraisiry events and seekin8 voluniary cortributions t¢yaether wth attribuiable %uppon costs. Charitable expenditure coMpre5 those costs incurred by the charrty in the delNery of rts actiMtie5 and services lor its beneficianes. It includes both c¢MS that can be albcated dilert to suth artibities and those costs 01 an Indirea nature necessary to support them. GovtmaThce costs comprise those colls assotiaied th meetin8 the consirtutiol and straie8K requirennts of the charity and the audrt lees and costs linked to stratewc management ol the thariry. TaxatlDn A5 a registered charity, the company Is eyempt from Irome and Corporati ta¥ to the eent that its htome and 83ins are applied tts charitable purpose on. GOI concÈrn At iitne of appro% ihe flnan¢ug1 statements, the trustees have a reasonable ewttatlon th the Chadty has adequate resLKJr£es to continue in operatic¥bal e¥istence lor the foreseeable fvture. Thus. the tru5tees' continue to adopt the 8oing (OThrn bay5 in accountlng in preparation of financial statements. Debt( L)ebtors and other recer¥able are reCod initially at the transaction price. They are subsequently measured at amortized cost using the effettive Inte$[ Mh0, less pro*ision for impairment. A provision for the impèirment Is established when there is objective evidence thar the group WMII not be able to cdlect all amounts due according to the tsriginal terms ol the receivables. CreditLVS Creditors ale obligation to pay at ihe balance sheet date as a resutt ol p3St event, it Is pitsbable that a trèn5fer of economic benefit will be required in 5ettlern•it, and the am(KJnt of ihe settlement can be estimated reliab. CTeditors are recognised at the amount that the charity anticipales it will pay to settle the debt or the amount rt has received as advance payments lor the goods service must pride
reghtrèthth Nmber 1166646 breadwinners Foundatlon Notes to the Financial Statements for the er ended 31 Marth 2023 Page 12 21 Debtors Trade debto Prepayments and a¢¢nd iOme 10,8 13,449 13,449 31 Cash at blnk •nd kn h•nd 2022 Cash at bank ICNII Pa31 S>ldo 99,239 151912 41 Amounts f•lllry y 2022 PAVE PEnslon payawe Other creditor Trède <redltors Wa8e5 control 2,304 433 19? 5.491 4.423 51 T8)n As a charty. Foundaiioh is e¥emkX from tax oh (Ome ènd ièins fglin£ withlh seciion 505 of thtr Tèxes Act 1988 or $256 of Ihe Taxation of Chaiitablt Galns Act 1992 to the extent t1 these 3re aped to rts chartsble objecls. 61 stafl £osts athd Èmlllthhtnts The è¥erè8e humber of employees 11 r was 512022..41 No remuTreratknn ar benents were Pald to tiustee durin8 the poriod cover•d by the tknaKlal ststernent¥ nor were anv expenses rglmtrr to trustrts.
Allen & Overy 78 - - - 78 Award for All/TNL Award 94 - - - 94 Lawrence Atwell’s Charity 141 10,000 (1,916) - 8,225 Clifford Chance 58 - - - 58 SEE social Enterprise Fund 31,643 - (31,579) - 64 Berkeley Foundation 26,574 3,000 (26,160) - 3,414 Besty foundation 23,833 - (23,850) 17 - Chalk Cliff Trust 583 - (598) 15 - Sussex Community Foundation 7,006 9,983 (16,967) - 22 Enjoolata - 4,991 (4,915) - 76 Rayne Foundation 10,000 - - - 10,000 GLA Thrive 69 - - - 69 Big Give Xmas 13,480 13,506 (18,221) - 8,766 Postcode Society trust - 25,000 (19,889) - 5,111 Peoples Project 9 - - - 9 Vicine Foundation - - (101) 101 - London Community Response 95 - (62) 62 33 113,665 66,480 (144,257) 133 36,021 Unrestricted funds 48,896 495,618 (475,915) (133) 68,466 Total funds 162,560 562,099 (620,173) - 104,487
Charity registration number : 1166646 Page 14
Breadwinners Foundation Notes to the Financial Statements for the period ended 31 March 2023
8) Income
| Grants: TNL Awards Balfour Lawarene Atwell Berkeley Foundation Enjoolata Betsy Foundation Rayne Foundation The Blue Thread Pears Foundation Postcode Society Trust The Lindury Trust NPT transatlantice Ldn donationg networks Newby Trust SSE Chalk Cliff Trust Sussex community foundation Total grants Donations: BigGive Xmas Various other Total donations Sales: Mkt Sales Online Sales Services Revenue B2B Sales Other income Total sales Total income Cost of goods sold Direct expenses Self-employed breadwinners Fund balance represented by: Current assets Current liabilities At end of year Cost of sales and raising funds Analysis of assets and liabilities representing funds: |
Restricted £ - - 10,000 3,000 4,991 - - - - 25,000 - - - - - - 9,983 52,974 13,506 - 13,506 - - - - - - 66,480 Restricted £ - 291 - 291 Restricted £ 36,021 - 36,021 |
Unrestricted £ - - - - - - 10,000 50,000 10,000 - 10,000 - 1,000 5,000 10,000 - - 96,000 0 21,618 21,618 177,809 228 15,210 182,943 1,810 378,000 495,618 Unrestricted £ 230,443 31,933 80,806 343,182 Unrestricted £ 76,693 (8,228) 68,466 |
2023 £ - - 10,000 3,000 4,991 - 10,000 50,000 10,000 25,000 10,000 - 1,000 5,000 10,000 - 9,983 148,974 13,506 21,618 35,124 177,809 228 15,210 182,943 1,810 378,000 562,099 Total 2023 £ 230,443 32,224 80,806 343,473 Total 2023 £ 112,714 (8,228) 104,487 |
2022 £ 10,000 14,000 10,000 28,998 - 25,000 10,000 - - - - 3,000 8,000 - 55,000 5,000 10,000 178,998 10,565 16,219 26,784 156,630 14,048 15,655 73,248 324 259,905 465,687 Total 2022 £ 137,083 16,228 61,333 214,644 Total 2022 £ 167,179 (4,620) 162,560 |
|---|---|---|---|---|
9) Cost of sales and raising funds
10) Analysis of assets and liabilities representing funds:
Charity registration number : 1166646
Breadwinners Foundation Notes to the Financial Statements for the period ended 31 March 2023
Page 15
11) Charitable expenditure
| Cost of charitable activities: General Expenses Pitch Fee Venue Rent Delivery Printing and Stationery Training Travel & Subsistence Equipment expensed Volunteer Expenses Support cost of charitable activities: Direct support costs: Staff costs Salaries Employer NI Pension Development consultant Staff Ttraining Management and administration cost: Advertising Repair and Maintenance Bank Fees Insurance Office Expenses PPS Subscriptions Website Telephone and internet Total charitable expenditure |
Restricted £ 2,599 555 422 291 478 346 2,687 12,219 13,184 17 32,797 42,720 62,191 1,376 1,024 - 411 107,723 252 190 62 233 56 - 2,025 474 155 3,447 143,967 |
Unrestricted £ 1,158 21,638 869 - 28,526 68 789 10,594 161 78 63,883 1,059 61,145 4,122 889 - 85 67,300 677 - 9 - - - 729 96 40 1,550 132,733 |
Total 2023 £ 3,757 22,193 1,291 291 29,004 414 3,476 22,813 13,345 95 96,679 43,779 123,336 5,498 1,914 - 496 175,023 928 190 71 233 56 - 2,754 570 195 4,997 276,700 |
Total 2022 £ 2,517 18,697 2,218 22,395 2,565 8,946 8,704 5 66,047 57,006 49,803 633 1,063 60 1,385 57,066 991 - 100 233 1,280 876 2,040 374 500 57,894 181,007 |
|---|---|---|---|---|
Charity registration number : 1166646
Breadwinners Foundation Notes to the Financial Statements for the period ended 31 March 2023
Page 16
12) Income and expenditure by market activity
| Income Sales Cost of sales Cost of Goods Sold Direct Expenses Self-employed Breadwinners Gross profit / (loss) Other income Donations Grants & Trusts Other Income Operating expenses Admin costs Advertising Bank Fees Insurance Office Expenses Repair and Maintenance Subscriptions Staff training Website Telephone and internet Charitable costs General Expenses Pitch Fee Rent Venue Delivery Volunteer Expenses Printing and Stationery Training Travel & Subsistence Support staff costs Staff Costs Salaries Employer NI Pension Development consultant Total operating expenses Operating profit / (loss) Non operating expenses Equipment expensed Net profit / (loss) |
Restricted £ - - - 291 - 291 (291) 13,506 52,974 - 66,480 252 62 233 56 190 2,025 411 474 155 3,858 2,599 555 291 422 478 17 346 2,687 12,219 19,613 42,720 62,191 1,376 1,024 107,312 130,783 (64,593) 13,184 13,184 (77,777) |
Unrestricted £ 376,190 376,190 230,443 31,933 80,806 343,182 33,008 21,618 96,000 1,810 119,428 677 9 - - - 729 85 96 40 1,635 1,158 21,638 - 869 28,526 78 68 789 10,594 63,721 1,059 61,145 4,122 889 - 67,215 132,572 19,864 161 161 19,703 |
Total 2023 £ 376,190 376,190 230,443 32,224 80,806 343,473 32,717 35,124 148,974 1,810 185,909 928 71 233 56 190 2,754 496 570 195 5,493 3,757 22,193 291 1,291 29,004 95 414 3,476 22,813 83,334 43,779 123,336 5,498 1,914 174,527 263,354 (44,729) 13,345 13,345 (58,074) |
Total 2022 £ 259,581 259,581 137,083 16,228 61,333 214,644 44,937 26,784 178,998 324 206,106 991 100 233 1,280 876 2,040 374 500 57,894 2,517 18,697 2,218 22,395 5 2,565 8,946 57,343 57,006 49,803 633 1,063 60 108,565 223,802 78,740 8,704 8,704 70,036 |
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