Charlty i'e8lStration numbei.: 1166646 Breadwinners FoundatRon Annual Reports and Financlal Statements ForThe Year Ended 31 March 2025
Breadwinners Foujidation Contents Page No: Reference and Administrative Details Trustees, Report Independent Examiner's Report Statsment of financial activities B21ance Sheet Notes to the financial statements 9-13
Breadwinners Foundation Pa9e l. Refei-ence and Administi'ative Details Statt)s Breadwinners Foundation is a registered charitable orgallisation incorporated on 20 April 2016. Governing Document CIO Foundation model, the company was established under Charities Act 2011. Charity registration number 1166646 Board of Trustees John Lister Noreen O'Prey Beneta Yelda Anneka De Silva Harry George Marika Wilkinson Istarted Sep 2025) Charlie Rainer [started Sep 2025) Tim Stoller [ended Sep 20251 Kate Sanger Tracey Hgmer Principal Address 3 Space International House Canterbury Cre5 London SW9 7QE Independent Examiner Carbon Accountancy Limited Chartered Accountants and Registered Auditors 80-83 Long Lane London ECIA 9ET
Tru5tep.s'Reporl forth erlodndÈa31 March ZQZ5 TrUsIE¥'RÈportfor UièpÈriodÈhdÈd 31 Marcb2025 ARevleWof¢iiaTltsbie ACtlvltlesUhdertakenbytlie¢liArityforUiY•r2o24I2s tlie UKatmarketstall NlanagÈrsl,and"ProDlors- (for refugees dolng thelr 2nd pald Ivb by be¢om5hg Sales Rtrpresenfatlves on tlie WholE5I1e ThDdèl) both In LDndon BrÉadwlnners PrOdud their parcJpIE0ry Imp3Ct Report. U55ng for the 5e¢¢nd tlme Al volce récogThltlon to rdpture rther inputs youiig programme participanlf voluiittstr of thIr Inhthvatlvo approach4nd Iinpact. Bre4dwlnner5rEtrlvÈd Lwo recogn15. Impartln Soclal Enterprlse'by PWC TruslAwJrds 2025.Rnd-Indu51ve LDndon Award"byLondTrnYouth 2025. Brwddwlnners'arttsan baked goods wereso1dat24weekly rnzrketsln knndon Brlght¢n.Mrfth overdll salts through mlrkets remainlng natytrdrohyoar. Thewhdesale "Protsrer amd 'Tartlcipation ActSon Research" pmE[aE4 ds well as 784 days ol work exper lor 'Rl£Èrs' prolrdmme laptopsand 15blwlesthrough referraI5thTheB1kePr01tto Pn5UTeIlUS[v5wAc(¢ssJbkl5WtDOVrProrarnes. Breadwlnheys contillutd to oEfer lTh-person tralThinE sessions. provid1ng 137 5e551on5 th4t tsuihl hÈW Èmyloyabillty skills to prograTnMe pHrtk5pknts 3nd corniiiunity se551on5 to keEP the ThÈ téam comprlsod 8 OPle 16.25 FfEI. a very lean orEani5aLion lor thè INcredlblt Iiiipactde1ivered. The t£tÈ& proudofthelmpactachieved bytheoTg3ntsallon andall theEraduate54nd mentpr$¢fthÈ"ErdWIThIIer4 Rr4.nd"PrO0rPr5"progrknmès ThÈ"Rlsers- progrdmme. run by thecharltyforseven yeJr5.succe55fully dellvered Seven ttshtsrLofyouThgreEugees3Trd asylum seekerSd 16-24.fourofthtni London hlghattelldaiicorates, wSth paytlclpantrsdemonstramngtlielr eagerThe55to IEarThand bE a Iiiarketcomniunity.Through theptro¥rathmQ, 721 work trallsferable skilts, and 721 onc-on-one mentoring se55Ion5 were conducted to SuppDrt tholr porsollal devdopnient4nd exp4nd the5r TD Make tht programThe sIe 8T&dU38 froin the prts8falhlllt,21 pirtlclpants rtcelvedperints51on to work have galMÈd èjmyloyiiient, 88alned job5wlth external p4rtnÈrs, and 13 weTe profftoted to pu51tl0ll5 in BTeadwlbhers Fduhdadon. 22 liavÈ yrogi'ossed Into tUTtlier educatlon orvoluntEerlhg rolés to contlnue tbelrcareer& Tlie$¢ uMbèrsonlYgetbetter&slepassesaThdyoungpeOp1eareraMted tbelTre(ugee 5tsWS. and Brighton (the bigge51aniount ever), $6oltheTn WEresupportod bytho BradvJlnntrs Fouiidadon Sn 5ecurlngthelrfirStltsb as part-tSineself-employed maTket5ts11 anagÈrs, Qdrrtlhg thc"Rcal" 15v5hg wage. In tot41. BreadwInnerSpa E74.199.Z3 to young refugèES work at the marker& proYidlng931 days tsfwork exptrlence. sessSons.5uch a5 supply 5ale5. marketln& ?nd nnantlal mabagomonias well as supporland nianaEe the Work of"Rlserf partlclpants.To niake thls Slncegrdu4tlh8fromithÈpM8r&Mille, 15 forlobsoutsldeBreadwlnners, 13 PTogre55ed Into fvrthetwdrklm BadnDerS.5prOEre5SelEts rthÈrUCItI0Th The"ProDlers prts8raihMÈ llrst Èstabllslied sn rosponse to the COIqD-1g p4ndemlc in Mah 2020. vdhen the BreadwIncrS Foundation piYotE4 to e-tomiiitrce themwlth theÈPPtsrtuhlty to lÈarhhtswtDwork romtstelyusliig ITand 1mprovethelrcustonier5erv1re5klll% Slnceer4du4tlngfrom theprV8ramMe,98rad3tQ%PyOyésStsd&ntn lobs3nd3 Into hJrthereduc%donaTrdtsa1Ml
Breadwliiner5 FoundRtlon forthe erlvdend¢d 31 MaTclI 2025 On lop of Qur 3 tlagship progratnrnes mentloned above. BreadwSnners also offered pald work aS"Partl¢lpatory Actlon Researchers to 37 yolliig r¢fu6 On thls Programrner yOUn8 refugtts and voluiiteer mentors lead our Particlpatory Actlon Researcli IPAkl proEe55, contait11 all our commun1ty aiid using Al-PDWefed Volce recognltlon rogather feedbackln MUlpIt]agU81e$.Togelh¢r, tli¢y co-desigmedsurvey5. analysed respoiises aiid surfaced honesr,dlver5e per5pectlve& 51n¢e graduadngfrointheprogramme, 14graduaLes progrossed IntDfurtherl•bs and 14 Into [rEhe1'edllcdO]l and tralnln8. younE refugees new to the UK. Tlils piloL programme involved work exp¢ence In tlie ai'rs, storytellln& 5klll-bulldlng, And ¢0mmunlty-Tna8 by produclng a compellliigAudlovlsual EHhibitian"HeySa13ni HDla Bwakeye" wirh 3 expo.%idons,at Refugee Week STB corporate Partner,And the Belgn Hlllan Festlval. to change SlncegraduatlnE from the pllorpTograMine, Sgi?duatespro8ressed Into furihei'oppTrTtllnltles Ih theproductlonsertor. wStli the help ofvalunteer5. Thest actlvltles provlde a safe space larcommunlty membors io meeL foster a deeper sense of belonEln& and support the health and well-belng Dfpartlclpaiits. Durlngthe 2025 flnanclal perlod. the Brtadwlnn¢rs Founda0 ran 10 cafftmuhlty actlvltles. Includln8 a comedy nigh¢ a 15k walkand pl¢iilcforRefu8ee WeeK bowlin& theatre.ahd 5kruns. resolved. wirh IS curreiitly apen. Ourwork Is strengihened by partnerships th 160 5ppcldllst oryank%aiion% 37 of whlcli have proded dlrect supporr io young people In Dur progratnme5.Séfegiiardlng¢onNnuesto underpln everyth1hswedÈnSUrn8YOn8pe0pleCn enEagesafely and ¢4nfidently. On aur 14st Pardclpatory A¢tloii Research Impact repDrt, the Eifth $0 fdr. BreadWInne Innavated once agaln by Incorporatlng tlie EarlyBird volce ree0gnltn •92%ofyoungpeoplewho replled Arecurrentlyeitherworkln& studylngorvoluiiteerlng 443%g4 oil to work,3581 to studyp are volunteerliig Followed byla¢kofionlldence.leggl Dr right-ta-workbarrler5 aiid uncertaliityahoutcareerdirectlo Thls key dafa lllforms ¢han¥e5 comlng througli our iiewsirate8y. BreadwiTrne¥S kids rtrcogn1.%ed tlie usefulness Of t()15 Ilke EarlyBlrd and chatboi Al loreTrhanclng young ppople5 partl¢lpaiioii. These technolo8ies have 51ÉnifiCantly ImplVed liow Breadwinners 8ather Inslghts kiid feodback. mak[1 die endre PfoCe55 rnore Tlilsyoar. we measured our full carbDn Footprlni lor ilie first tinie across all three sCOPP5. Wllh pro bono supporr from Maria Fletcher Ion Purposel. we revlewed All our bread 311d baktrd goods use organlc flour. resulting Iii * 20.S% l¢iw¢r foowrliit thali conventlDtLal bread 141.8 tCQicI. Orgaiilc f3TThltE avold5 chemlcals. opprate a5 a zefo-wa51e orgaiiSsadon, saving 35 tCO2 by prevehtlng surplus food frorn galng to landflll. We albo mlnlnikse our own f(h)iprint by u51rtg sliared workspace ar3Space Internatlanal Hou5e.commUtlngsusraliiablyi and avoidlngslngle-use packagIngwIreVtrp0sS5b1e. allows lis to trackand evaluate progress aEhlThsrourTlieoiyofChange outcaTnes. ThLs enables us tosyst¢maEicAlly moiiitor the effectlveiiess ofour prograinmes I Improvlng the well-bein& 5kllls. and employabS11ry of our prograTnrne pÉrtldpants, Th¢ srar1s tlie basisofall tnentorlng reLRtlonslilp5.wher¢ mentors SUPPDrtthelr mentees to assess tlielrd¢vtlDpmentbefore and afterthe proErarnnie. •96.58%sald tlieli. comniunlcatlon5klllshad Improved •94.02%sald tliey lelttnofe prepAred loi'workand traliilng •94.87%5ald they le1t1•re rnotlvated to reachthelr¥oaL% •97.44%sald tliry feltthey'd niadeadlftÈren¢t Iii Ihelrc•mmunSty To gauge young people's ovei'all satisfaction, mplltors asked tlieni to rate thelr Ilkellhaod ofrecommendlng the Br¢adwliiners Foundauon to other youiig people. Tlie ro.%ultswereovei'whelmlNxly posltlv¢.wltha97.S2%NeL .0moterScOrt Cu5tamer5. rnarket traders. restsurants, cafes and corporates havt not only benefited from the quallty ol products servlces offered by Bre2dwlnners Fouiidaiion's pr08rdrne parbclpants. btst they have al.%0 learned more about tlie partlclpants. experl¢nc¢s. storle& and countrle5 of or&ln. fost¢rS118 a deeper uiOerstandlngand coiiNe¢tlonbeLweeiidlfferentcornniunlties. The foundadon had the silPPOrt of 169 V¢ilunteer nientors, traiiied and supporied by rhe Breadwliiners, core tearn. who Iiave shar¢d ih¢lr 5kllls to support the young people and Breadwliiiiers, rn&slDii. These voluiiteers have rtported feellng useful to Uie prOErammes and thelr Ial conimunSty, and the Breadwliin¢rs
Bi'eadwSnners Foundatlon Ti'ustees. Report e2.lod onded 31 March Z025 Pa.qe 4. uitlniately, tlie BJ'eadwlJ)tteJ's programmes sUPPOI'ted ZZ9 PTogramme partlc5pants. Atthe tlme Dfwrltlng tlils repol'L 73 havesucCe55lIY progregstd Into Worii, and 45 have pi'ogTes5ed Into unlverslty, siudSes, ti'allllng othel. pfogrammes atter gT4duatlng froiii Bi'eadurfnneis and gallllng WOTk pernilts. bi'£adwlnnor5 keep In contactwjth 311 aurprogramrne paTtlcipants, and those numbers keep Imyrovlng wfith ttmje, as young people galn thelr refugeestatus. The Breadwinners Foundation focuses on supporiing refugees and yaung people seeking asylurn who are facing rnultiple disadvants8es. These individuals rnay liave experienced rrauma sucli as war. torture. or trafficking and as a resulr may have psychological and physlcal chéllenges that afftct thelr conndence. self- esicem. and mental well-belng. The foundation works with leading refusee organisatlons to Identlfy Indlvldua15 who have the drive and arnbition to worK bul Ikck the resourcesand UK experience to do so. Despite Tnany refugees beingh]lY skilled and educated. unemploymentamong refugees in London is estimated to be 3round 704'ldara froTn TENT & Lli'aking B3rrier"UK employers. guid¢ to Iiirillg refugees'l Compared to a London-wide unernployment r4te oralnd 4%. Barriers to flndliig work may includo 3 lack of UK irainliigand expcrlcn¢e. language Issue¥d15¢fimination and rnisconceptions from employersabouLrhelr rl8hitO WDrk Thls 15 especially challenglng for indivlduats who have not been allowed to Work for long pErlods whlle seeking asylum and living on ihe minim31 supporr of £7.02 a daVldaf3 from Gov.ukl. Newly recognised refugees also often face gaps in supporf, such as delays in receivins documents and the rapld wilhdrdwal ol 5UPPOrt ihcy rec¢ivcd whlle seeklng asylum. Th15 can lead to destiLuDDn. Tlie Breadwilln¢rs Foundatlon's programmes.'Rlsers','ErpadwlnnerS' and'Proofer¢, alm tosupport these Ihdlvldua15 to overcoTne these barriersand move qulckly Intowork, learn orlmprove their English,and joln the local communlty. The 3readwnn¢rs Foundaiion Is gr3reful for the genero support ol ILE funder.%. including the Chalk ClirrTrusL Choost Lovt. Clifford Chance, Garneld Weston Foundatlon. Henrysmlth Charity, Impetus, loanie5 Fund. New Deal lorYLlUnE People. Rdyne Foundatlon. Society olthe Holy Child jesus, Souter Charitable Trus¢ SteWard5hipJ The Lawson TrusL The National Lotr¢ry Community Fund. Your Station Your Community Fund. These ni'ganisations have provided (rclaI funding to the fomndatloll, allowing itto coniinuc its Mlssioh of5upportingrefugees and youngpeopleseekinga5yluni who face multiple disadv3nts8e In addition to these funders, the foundation also recelves donatlons Irom individuats through market stslls, our websiie. and fundraisiiig event5. The Bre3dwiDners Found4tioii would Ilk¢ io ¢xiend its heartfelt gratitude to Shipton Mill, Kaoudier, Lauren. Extra Braln Ltd. HSBC M3rihln& PWC Foundaiion. University ol Cambrldge.. and the donor5 of Weddingholita. Graduatiolls. Community Walk & Picnlc partlclpants. Brlghton Walk & Plchic, Hackney 5K, Maddls Hair, Refugees & Asylum Seekers campJign, IOK Run. Yasmin s Ilaif. Payroll Glvln& StEWardshlp, The Blg Give, for their kind donations and fundraisers. Their support is essential to the foundation'sability to purchaseequlpmentand Dpen new markew and hold community events that have a posltlve impacton the Ilves ofyoungrefugees. Breadwinners Found31i0n 15 commirted to achlevlllg long-tenn flnanclal snd environThentsl 5usraiiiability. reduclng its rellance on grant fundlng and Its Impact on rh¢ envlronmenL The foundation's goal is to have a diverse SOUTce of income ro ensure th¢ stablllty and contlnulty ol its programmes ahd Servltes whlle offerlngah envlronmentally Iriendlyalternativetocv$iomers. In the ¢urrenr flnan¢lal year, the foundatlon has seen 4 significanr decrease in its revenue generated through sales, With a decrease of-10.72% compared to the prpvious year, totralling £261,9S2. On the other hand. rhe foundaiion successfully setured INcrpa5ed income from Granrs and Donauons. wilh a toral ol E466.182 generared, making it a 26,43% Incrcasc ro the prcvlDU5 PErlod and marking a record high for Breadwinner& kn a result of March 2025. 34.87% of the totsl Incomc came from traded Income.whlch hasbeen the lowestpercentsgeso far. Overall. BreadwjnneTS 3chieyed a totsl incomt ofE751.120, a 7.66% Increase cornpared to the prevjous period. The INCr¢e in grants and Ove1] Income has allowed the foundaiion io support more benenelafies, with an incree of 16% in nuniber of programme par11dpants. Breadwlhners Foundatlon Strlves for sustalngble growth and dlversificabon of its income sources to ensure ir¢an Collllnuc to positlvely Impact the IIveS 0[refgeeS and young ppople seeking3syIurn whoare lacing multiple disadvantages, Wlth a rapld ahd Uhexpetted Increase in the Cost of Goods.. specifically inRredlents and tnergy. coupled With the c05t-of-Ilving salary inCTEases foT our people, resulted in higher overall costs, Regardless. and thanks to redoubled ellort5 tsn IndraIsIng frorn grant5 and foundations, Breadwinners h¥5 a surplus or £112.360. Yijs Is a significanLr¢suli thaL has helped us recoveruur reserves. Asa rulE, tlie Breadwinners Foundarion invcsred In tncreaslngc0 team capadty on Programm¢s and fundraisln& ImplementingSale5force for M&Qand the well-being ofthe ieatn. Aswe look forward. the Breadwlhners Foundabon rernajw committed ro updating its srrareEyand frameworks t4 support refugees and young peopleEeeking asylum long-term work We will continue to rnonitor and evalukre our performdllce to ensure that ottr work remain5 service-u5er-led, ].% continuously developed to meet the changing n¢¢ds of our bencnclarles, ahd provlde5 transparency to our funder& We are also CnTnmit*d ro conducting our firsr PariicipaiDryAcriDlI R¢5¢arch ImpacrReporitogalh a deeper Understsndingof theirnpacrofourproRrdmmes.
readwlnneT5foundatlon In the comIngYear. plan to keep expandlThgour programmes acr055 London and Brlghtoll. and groivlngour Markds and WholÈsale MDdd. We iylll bÈ looklng to Breadwlnners Resei'vesPollcy They have ron51dered thelr re5ponlbllltle5 and a55e55ed thE miln arEI5 oIT15k tsknngacuon as nece&%ary to Tnlnlmlse that T15k and ensure beneficiarles are itthe Brèddwlhlléts Is tDmmlttEd to proieEtITh8 bÈnEfjclarlÈs. Wè itrahl¢urbÈhÈfitlarlÈs.SUPP¢rterx ru5tomer5. Volunteer& and 5tsrrtfj IEel CDnfidentand comfortsble th bowthe8readwlnner5 Foundition managE5financlal rt5k 0EFINITNoFRESERvES The Code ol Governance for Charltles and IPCS (Guidellne 6.3.1) 5tste5.'While chirlttes should milntsln some level of reserves lo ensure long-tttm financlal The tenn -fleserve L% used to descrlbe the part of a charlty's Incorne fund5 that are freely avdllablc For Its operatlng purposts aiid not subject Its p1anntdexptndlre5,Or5pel1dlllg IIEMlt& Reservesdo notlnclude endowmentfund&rtstrlCt funds.ordesWated Fuhds. BTpadwlnneT5Foundatlon5trfve5tu have3 nLonth50(CbaTltableOpetatlonRI C05tsa5unrestrlctedreserves.wblch byMarch20251sE9Q,600. RESBRVESLEVELCALCVLATION •cashfiowanys1S •ExamlnlngthellkelychangcslntheprSmarysourcesoflncome •A55e55menlofthe ri5k5facingthecharityand h0wllkelythe5earetomatErI1se.' Analpls ofany llÈed4oPptsriunldé4COAtlngÉndOrrI5'5Sts5mÈnttslthé IlkÈllhoodofÈaChofthtrsenÈSaylSIg3nd thÈ potenval ¢OnSe4u¢tÈs ltyr thocharfty'slbabllltyth m¢etthe sta¢methlunRe5erVe5 byM4Tcb ZQ25 Flnakn¢i#lA¢tlonP1411 Althtclosèof Uie flhantlal yÈar 31 Marcli 2Q2S, Breadw5nners Cliarlty held É2S3,521 In Ifsb3hktount, wlth £180,785unrosrrlttÈd rÈsQr&etsftsrtlb1Yvt rtstgÈtofmalhtsinin8fe5prn¢55uffidenitot¢vÈrthrèo MOhthsDrtspÈrat5tsh ctss AppTOYEd bythE Board ofTrustees on 1811212025 andagnedon thEirbehilfby'. MarlkawSInSoTr IWceCh4ir) (FlnanceTrustee)
Independent Examlner'5 llepDlto theTrllstees of Pome 6. ended 31 March 2025 I rtporton ih¢ fiiian<iAI.EtAtementsoftlie ch4rityfoTthe period ended 31 Nl4r¢h 2023. whl¢h are setoutoiipage5 7 to 13.ThE financlal rtrportlnE frameworkthat theSlaLerncntofRecommended Practice'AccoUntlngand RtrportlnE bycharltics ISORPI,. ke5pectlve responslbllltlesoftrusteesand exAmlner The tru5tee5are re5ponslble forthe preparaiion Dfaccounfs. The trustees considerthatan audlt Is not requlred for theyearundersection 114121 of tliecharlty The ¢harlty5gro55 In¢ornc ex¢eed¢d £25.000 and l amqualified undertske theexafftlnatiDll bybelng4 quallfled rnemberofchartered Accountsnts In Ireland. Havingsatlsfled myselfthatthecliarlty15 noLsublecttoauditunder£ompanyiawand i5e1iglbror Iiidepend¢ntexarnInatio itis my respondblllty to,, examiiie theaccountsundersection 145 olthe2011 ACL. Irjllow ih¢ predureS laid down in theGeneral DifeCtions%iVen bythe Charltycommlsslon undersertion 14S 5tatewhetherparticularmatters have ¢omc w myattention. Basls of Independeni examlneT'STeport My examln4tion wascarried ouliTh accordance with theGeneral Dlrectiuns glv¢n by thCharityCommission.An examinatloh In¢ludtrs a revlow ofthe accounting records keptby )e£liarIty5nd comparison olthe a¢¢DUntspresented wilh thosÈrecord& Italso include5consideration Dfany unusual Ittms ordi.%closures in the accounts, aiid seekingexplanations from you as trusttrtrs ¢oncernlnE any such maEters.Yhe procedure5 Undertaken do not provide all rbe evidencethat would be required in an audit and consequently no Dplnlon Is Ven as to whether the accounts present a'true and falr vI¢w' and ihe report is limited to those matèrss¢r outin the ststementbelow. In connertionwith rnyex4mlhaUoL nornatteroiherthan disclosed above has corne tornyattentlon.. 111 Whlchglves me reasonablecAu5¢ iobelievethatin anymaterial respectthe fequlremtnts.. To Prepare 3ounts which accord wlth the accounung ro¢ords, wmply with the accounting requlretnehts of se¢L1on 396 ofthe Companies Act 2006 and wlth the methodsand prlnclple50ftheStatem¢niofRe¢ommended Prd¢Eice'. Accountingand RertIng bycharities have notbeen rnet',or 121 Towhlch, In my tsplnlon.attentlon shouldbe drawll in orderto enablea properunderstsndln8ofrh¢ accounts Lobe reached. lohn LeydeD FCA Carbon Accauiitancy Limited 80-83 LDn%Lane Londoll ECIAsrr Date..
Bi'eadwlnners Foundatlon Statement of Financial Actlvities (including Income and Expenditure Account) for the eriod ended 31 March 2025 Poge 7 Notes Restricted Unrestricted 2025 2024 Income Donations and legacies Sales Grants Total income 13.892 9,064 261,982 251,171 522,217 22,956 261,982 466,182 751,120 35,484 293,458 368,720 697,661 215,012 228,903 Expendlture Cost of sales 54,498 222.137 276,635 318,059 Charitable expenditure.. Costof charitable octlvlties Directsupport costs Moiiagement andAdmin cost Total expenditure li 109,101 104,717 8,955 277,272 28,9S4 104,696 5,701 361,488 138.055 209,413 14,657 638,760 144.332 188,468 10,128 660,987 Net income / (expenditUTe) [48.368) 160.729 112,360 36,674 Reconclliation of ndS Total funds[rst] brought forward Transfer between funds Totttlfvnds carriedforwrtrd 130,786 9,681 72,737 10,375 9,681 180,785 141,161 104,487 253,S21 141,161 The statement of financial 2Ctivitles Includes all g2in5 and losses in the year. All income and expenditure derived from continuing activities. The notes on pages 9 to 12 form an integral part of these financlal statements.
Breadwinnei's Foundation Balance Slieet forthe erlod ended 31 Mai'ch 2025 Page 8 Chari Te ists'ation iiumbeT: 1166646 Notes 2025 2024 Tangible assets Cui'rentAssets Debtors Cash at Bank & in hand Total current assets 3,519 269,666 273,185 S,559 144,917 ISO,476 CreditOl-S Amounts falling due within One Yeai- (19,6641 (9,315) Net Current Assets 253,521 141,161 NetAssets io 253,521 141,161 Total funds of the charlty Restricted Funds Unrestrirted Funds io 72,737 180,785 253.521 130,786 10,375 141,161 For the financial year ended 31 March 2025, the charity was entltled to exemption from audit relating to sTnall charities. Ti'ustee's responsibilities.. The ti'ustees acknowledge their responsibilities foi- complying with the requii'ements of the Ch3rities Act with respect to accounting records and the preparation of accounts. Approved by the trustees on 18112/2025 and signed on their behalfby.. Charlie Rainer (Finante Trustee) Marika Wilkinson (Vice Chair) The notes on pages 9 to 12 form an integral pai'tof these financial statements.
Breadwlnners Foundation Notes to the Financial Staten]Ènts for the erlod ended 31 March 2025 Poge 9 l) Accounting Policies Summary of5ignific2nt accounting poli¢iÈs 2nd key accountSng estimates The printiple accounting policie5 applied the preparation ol these financial statements are set outbelow. These policie5 have been consistently applied to all years presented, unless otherwise stated. Statement of compliance The financial sratements have been prÈpared under in accordartte with the Statement of Recotntnended Practice 'Accounting and RÉportlng by Charities (SORP),. Basis of prepar3titstJ These financial statements have been preparÈd uslng the hlstoric c05t convention, unless otherwise st3ted in the accounting policies. Income Unrestricted incotne funds are general funds that are avallable for use at the trusieÈs' dlscretion in furtheran¢È of the objective of the charity. Restricted funds 2ro those donated (or use ID partieular area ofspecific purposes, the use of which is restricted to that area or purpose. Expendlture Cost of ralslng funds relate to those speclNc costs incurred in tsrEanls5ng and staging fundrai51llE events alld seeking voluntary contributions together with attrlbutable support costs. Charitable expenditure comprises those tosts incurred by the charity in the delivery of its activities and Services for its beneficiaries. It includes both costs that can be allocated directly to such activitie5 3nd those costs of an indirect nature necessary to support them. Governance costs cDmprlse those costs associated with meetlng the constitubonal and strateglc requirements of the charlry and the audit fees and costs Ilnked to strategic management of the charity. Taxation A5 a registered charlty, the company is exempt from income and corporation tax to the extent that its income and gain5 are applied to charitable purpose only. Golng concern At the tirne of approving the financial statements, the trustee5 have a reasonable expectation that thé Charlry ha5 adequate resources to continue in operational existÈnce for the foreseeable future. Thus the trustees, contiDue adopt the goiiig concern b35is in atcounting in preparation of financffial statements. Debtoi's Debtors and other receivable are recogllised initially at the transactlon price. Tliey are subseqllenrly measured at amortised cost using the etfective interest method, less provision for impalrrnent. A prov2sion for the Impairnient is established when there is objective evidertce that the group will not be ablÈ to collect all amount5 due accordlng to the original terms of the receivables. Credltors Creditors are obllgarion to pay at the ba12nce sheet date as a result of past event, it is probable that a transfer of ecoiiomic benefit will be required in settlement, and the 2meunt of the settletnent can be estimated reliably. Creditors are recogiiised at the arnourtt that tlie charity anticipates it wlll pay to settle the debt orthe amount it has received as advance payments lor the goods or servlce It must provide.
Bi'eadwSnners Foundation Notes to tlie Finan£lal Statemenrs eriod ended 31 March 2025 Poge 10 2) Debroi 2025 2024 rrade debtors 3,519 5,559 3.519 5.559 3) Cash atb2thkand itl hand 2025 2024 Cash ai banklCAF) Equalsmoney Soldo 265,493 3,183 990 269,666 142,S14 1,403 144.lJ17 41 Amounts fallingdyewlthln oneyear 2025 2024 Pension payable Trade creditors 691 18.974 19,664 664 8,651 9,31S 51 Taxatio As a charity, Breadwinners Foundatloli 15 exempt Irom tax on income and gains falling within 5ecknon 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable GainsArt 1992 to the extentthatthese al'e applied to its charitable objects. 61 Staff costs and emoluments The aVerae nunibei'of employee durinRthe vear was 9 12024..71 No remuneration or benefjts weTe paid to any Llllstee during rhe period covered by the financial statements, noT were any expenses reimbursedto trustees. 71 Reconciliation offvnds 31 Mah 2024 31 Mai'cli 2025 Recelpt PaymeDts TratLsfers Allen & Ovory Awaiyis foi'AllllNL award LawarenceAtwell's Charity 78 19,763 15 58 64 614 78 20,116 15 S4 64 614 19,922 119,5691 6,941 16,9451 SSE Social EnterpTise Fund Chalk CliffTrust Vinci Fouiidatio 123 76 10,000 69 12,633 76 Rayne Foulation GLA Tlirlve BigGive Xnias LawsonTriist Peoples Projecr loanles Fund Your Sration Your Community Ernest KlelnwortTrust GLA NDYP Loiidon Propel Schi'odei. Charlty Trust Shaftesbuiy Socleiy of the holy Child jesus PeTCy Bilton Charity Swan Mountain Trust john I'haw Foundation Gi'eenwich Penisula Communlty fund Garfield Weston Foundation iio,0001 69 20,355 S,544 13,892 7,000 16,1701 11,4561 1,300 9,983 11,2931 1501 19051 1190,0591 IZ,3611 13,4301 19,7151 1241 9,933 900 5¢,697 2,463 3,573 9,980 542 61 616 13.958 614 130.786 139,866 4,503 102 143 10,26S 518 61 10,000 18071 113,7531 20,610 (277,2721 191 20S 20,000 228,903 19,6811 72,737 Unrestrlcted fiinds 10,375 SZ2,217 1361,4881 9,681 180,785 Total funds 141.161 751,120 1638,7601 253,522
Charlty¥e8lstratlon number: 1166646 Pd9e 11 Breadwlnner5 Foundatlon Notes to the Flnanclal StateTDeDts for the erlod ended 31 March 2025 81 Income Restrlcted Unre5trlcted 2025 2024 Grants.. TNLAwards Berkeley Foundation Rayne Foundation Itnpelus 19,922 19.922 19,734 5,000 30.000 20,000 50,000 2,000 29.121 75.050 70,000 20,0(H) 50,( 30.000 Ch005e Love sieward5hip Henry Smith 29,121 75,050 70,000 1,300 9,983 7,000 6.941 88.510 36,000 1,300 9,983 7.000 6.941 Yoursratlon Your Communily Lawson Trust Cillford Change Foundation Mass Actio Ernest KlwOrtTrU$t GLA NDYP London Propel S¢hroder CharltyTru5t Shaftesbury Society of the holy chlldjesus Percy Bilton Charlty Swan Mountain Trust John Thaw Foundation Greenwich Peni5ula Communityfund Garfleld Wesion Foundation 4,913 4,000 69,933 5,000 9.910 10,000 750 4.000 1,000 19,970 20,000 5,000 139.866 ia9.866 iO,(MM) io,( 20,WO 20,000 5,000 5.000 Sussex¢ommunity foundation Total giant5 215,012 251.171 466,181 368,720 DonatlLS.' BigGlve Xmas Varlousother Total don3Uons 13,B92 13,892 9,064 22.956 14,644 20.840 35084 9,064 9.064 13,892 S(rles.' Mkt Sales 226,315 246 414 34,404 603 261,982 226,315 246 414 34,404 603 261,95Z 229.572 SeNi¢es Revenue 82B Sales OlhEr income 63.372 513 293,458 Total In¢ome 228,903 522,217 751.120 697,661 91 C05t of sales fte$trt¢ted Unrestrlcted Yotsl 2025 Total 2024 Cost of goods sold Direct expen5e5 Sell-employed breadnTher5 180,355 6,078 35,704 222,137 180,355 6,078 202,707 11,178 104.174 318.059 54,498 54.498 276.635 101 Analysls of a55et5 and113bllltles representln8 funds: Restrlcted Unrestrjcted Total ZOZ5 Total 2024 Fund balance represented by.. Current assets 72,737 21Y),449 119,6641 18¢,785 273,185 119,664 253.521 150,476 Atend of year 72.737 104,487
ChaTity I'egistratioii number: 1166646 Page 12 Bi'eadwinners Foundation Notes to tlie fiinanclal Statements for the eriod ended 31 Mai'ch 202S 11) Charitable expenditure Restrlcted Unrestricted Total 202S Total 2024 Cost of charitsble activities.. Pitch Fee Venue Reni Delivery Printing and Stationery Training Travel & Subsistence Equipment expensed Community Entertainment Volunteer Expenses 21,169 2,363 10,130 1,607 31,299 3,970 29,714 5,763 84 55,038 271 2,49¢k 38,080 11,345 37,663 471 1,966 36,715 7.843 222 690 109,101 8.881 334 300 7.024 121 358 198 28,954 46,544 805 2,266 43,739 7,964 580 888 138,055 784 144,332 Support cost of Charitable aciivities.. Directsupport Costs.. Staff cost5 Wellbeing of Staff Salaries Fmployer Nl Pension Staff Ttraining 10,622 1,106 1,47Q 89,513 10,109 1,642 857 104,696 11,728 1,470 180,607 10.109 3,443 2,057 209,413 13,232 91,094 163,620 8,025 3,237 355 188,468 1,801 1,200 104,717 Management and administration cost.. Advertising New Development- Consultsnt Bank Fees Insurance Office Expenses Accountancy fees Subscriptions Website relephone and illternet 279 238 2,725 66 638 362 517 2,725 66 638 3,639 1,719 4,259 686 407 14,6S7 S3 578 4,420 576 3.747 665 90 10,128 3.277 1.719 3.540 719 686 267 5,701 140 8,955 Total charitabl¢ expenditure 222,774 139,351 362,125 342,928
Charliy reglsiraiion number.. 1166646 BJ'È¥dwlnneJ's Foundatlon Poge 13 erlod ellded 31 March 2025 121 Income and expendlrure by market activity Restrltted Unresrrlcred Total 2025 Total 2024 Jrtcome Sales 261.279 261,379 261,379 261.379 292,945 Z92,945 Costofsales C05Lof Gvods Sold Direct Expenses Self-ernployed Breadwinners 180,355 6,078 25,704 222,137 180,355 6,078 90,203 276.635 202,707 11,178 104.174 318,059 54.498 54,499 Gross prtrfit I (loss) (54,499} 39,242 115.2561 {25,114] Otljerlncotne DonatlOnS Grants &Trusts Other Income 13,892 215,012 9,064 2SI,171 603 260.838 22,956 466,182 603 489,741 35,484 368.720 513 404,716 228.903 Operatin%expertse$ Adinln costs Advei-li%inÈ Bank fees Insurance New Development- Consultant Office Expenses Accountancy lees Subscriptions Staff training Webslte Telephone and Internet 279 238 66 638 2,725 362 517 66 638 2,725 3,639 1,719 ,259 2,057 686 407 16,714 53 578 3,Z77 1,719 3.540 1.200 4,420 576 3,747 35S 665 90 10,483 719 857 686 267 6.558 140 10,155 Charltable tosis Ceiiei'al Expenses Pitch Fee Rent Venue Wellbeln£ofSt¥ff ComTnunity Enterialrtmenr Delivery VolunteeT Expenses Printing and Stationery 21,169 10,130 31.299 29,714 844 5,763 2,363 1.607 1.470 358 8,881 198 334 300 7,024 30.302 3,970 1,470 580 46,544 888 805 2,266 43,739 131,560 222 37,663 690 471 1,966 36,715 101,Z58 55,038 784 271 2,494 38,080 13Z.987 Travel& Subsisteiice Supportstaftcosts StaFfCosts 10,622 91,094 1,106 89,513 10,109 1,642 102,370 11,72B 180,607 10,109 3,443 205,887 13,232 163,620 8,025 3,Z37 188,114 Eniployer Nl Pension 1,801 103,517 Total opeTatlll8 expenses 214,931 139,230 354,160 331,583 Operating PTofit/ Ilossl {40,5251 160,850 120,325 48,019 Non operatlThgexpeRses Equipmeniexpensed 7,843 7,843 121 121 7,964 7,964 11,345 11,345 Netprofir / Iloss) $,36A 160,729 112,360 36.674