Cknrityrèetstratloty Mmber 1166646 Byeadwlnners Foundatlon Annual Rep￿ts 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 BalanCeS￿t io Noles lo the financial statements 11-16 tharlty retystravon number: 1166646 Bread￿4nner$ 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 LIm￿le0 Chartered Acctsjntants and Reglstered Audltors 8￿83 Lont Lan* London ECIA 9Et orityreLtstrthn number. 1166616 Breadwinners Four￿lt10n 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 per￿d 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 I￿Ing 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 e￿perience, trainlng, and mentorin8 pro8rammes. This allowed Breadwinnefs io 8row the number of p*￿t1pant5 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 yea￿1 and reieNed two ￿C00n1￿CnS.' 'Mi8hlv Commended Impact Management ChampiLWts by PiL*eers 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,BreadWinr￿rs and"PrLK)fers" programmes, a5 well as $92 day5 of work eyperien¢e for 'Risers" pro8ramme part*ipants. In addition. the charity paid £22,356.CXJ, in travel and subsistence expenses to enable young refu£ees to access iheir programmes and proknded 31 laptops to ensure IncltssNfty and accessibility to cwr pro8rammes. Breadvlnners conJnued to offer online in-per￿￿ trèinin8, providinA 124 sessions that iauRht new employabil skills to prograrnme participants and 16 commuryty se55ions to keep the cornmunity connerted. The core team at breadwinners grew from 7 people14.7 FfEI to 8 people16 FTEI to be able to increase the support provided to young people. The trustees are pr¢ud of rhe Impart achI￿d by the orÉants*lon and all the graduaie$ 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 inc1￿￿ed work experience at 8readv4inners Breadwinnw5 Foundztb)n TiustÈes' Rewt for the rK>d ended 31 March 1023 Poge3 market sta115, Irainin8 111 customer Ser￿ce, sales, food hy8iene, and CV and inlemew ski115. as well as one￿￿OnE 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 se5s￿n5 were offered. totaliTra ovw 1.184 hours of work experience for the partitipants. In addr(ion, 59 Irainin8 se￿0￿$ were held to help partiLip3nts develop transferable skills, and 592 one-on-one mentoring sessions were condutted to support iheir pers￿al 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 T*ork and have ialned ernployment. wbth 7 of them behng promoted to pald posttlons as 0readwlTr￿t￿s Fwnd•tlon Slall M•nayrs on the "&read*rfnners" 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& Sa￿S, 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 ot￿r lobs or UnI￿r$1th¢S wlth the help of thelr rnentWS. The Proo The "Proofers" programme was established In response to the COVIL>19 pandemic in March 2020, when the readwinner5 Foundation pivoted io an trtt*mmeree model and eontinued to support ytyJn8 refugees ornline. During the 2023 financi31 year, the programme £han£ed again from e-commerce to a vtholesale model for social-minded restaurants and cafes and fU￿illed a total of 3,099 T*knolesale orders. These (¥ders were managed ￿ ihe 'Proolers" pro8ramme paiticipanLs. 14 participants from Ihe "Breadwinners" progiamnie pio8iessed to the 'Proofefs' pro¥rèiTiffle and beca171e Online Sale5 Representatives, workln8 from home and pèid above ihe -Real" LI￿n6 Wage to manage the wholesale operations and contart new and ￿$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 str￿e, 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 ￿la￿e 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 $weV￿US years. Abdoul. a £raduate of our Rsers Programme. led 12 of our ytyJn8 people, including partiopants from our Proolers Programme Iyoun8 refugees employed as Qnline Sale5 Representatives managing our wholesale busines$l. For the first time. our young peO￿e 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 exPer￿n(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 refleCtic￿S 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 N￿WiCh about our approach After this report, we rnade chan8es based on their feedback. Breadvmnners FOundat￿n 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 ￿ad￿n￿r.5 wofk experience usefvl, 25% identified EnA115h as a challenge durlng thelr work tmyriencè, makin8 rt the 111 chal￿n8e 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 a￿adWInnerS m￿C 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 CoMpl￿e 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&anlSaii￿s. 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 S￿r5 onty on exception. Increase knowledge aiKJul LWPOrtunilies Created a "Beyond Breadwinne(s- ne*￿letter hlthli8hting the lop 3 LWPCrtunities for young people to pursue after Brea￿innerS. In addition to thr5 peer-led feedback. Breadwinner5 Foundation uses the Outcomes Stsr's self-asse55ment impact framework to assess the impact continuously. 0￿Come 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 l*elihood 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 trad￿s, reslaurants. cafes. and c¢yporale5 hav? n41 only ￿.Th￿rite.￿ 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 8readw￿ner's mission. These volunteers113ve reported feeling uselul to the pro8ramme5 and their local community and the sread￿nDerS Follndat￿n 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 Foundat￿n 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 indr￿d￿31S 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 diScrim￿atIOn 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 diScrim￿atIOn 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 rn￿10n of supporting refugees and young pe￿e 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 b￿tfIt and will £oniinue to review and monitor our resepie policy to ensure its effettweness in supporting our miss*)n. DEC￿TIoN 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 R￿ortt0 the Tn15tees ¢* 8re3dwinners Foundati()n for ihe erlod ended 31 Mar¢h 2013 I report on ihÈ finkntial s￿eMentS 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 t￿M￿le1 The trustees are responsible for the preParat￿n 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 Commissk*n 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 Considerat￿n 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 d￿aSed above has come to my attention.. Which gNes me rtasry)a￿e cause to believe tha¢ in any material respectthe requirement5. To wepare accounts which accord wilh ihe atcountlng records, comply wlth ihe 3ccountlne requ1￿mentS 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 BreadwlnnersFoundat￿n ststement of Financial Attivities lindudinglncome and ExPendi￿re Ac￿ntI 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 artIv￿leS 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 BreadWlnnersF￿nda1l0n 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 prepar￿1￿) of accounts. Apwoved bythetrusteeson 20101n￿3 and y￿ell 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 FI￿ndatIO 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 dr￿ated for use in particular area of speofic purwses. the use of which Is restricted to that area or purpose. £4￿ndItUre 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 coMpr￿e5 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 consirtutio￿l and straie8K requiren*nts 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 Ir*ome and Corporati￿ ta¥ to the e￿ent 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 (OTh￿rn bay5 in accountlng in preparation of financial statements. Debt( L)ebtors and other recer¥able are reCo￿￿d initially at the transaction price. They are subsequently measured at amortized cost using the effettive Inte￿$[ M￿h0￿, 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 pr￿￿ide 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¢¢n￿d i￿Ome 10,8 13,449 13,449 31 Cash at blnk •nd kn h•nd 2022 Cash at bank ICNII Pa￿31 S>ldo 99,239 151912 41 Amounts f•lllry y 2022 PAVE PEnslon payawe Other creditor Trède 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| |---|---|---|---|---|