Registered charity number: 1180843 


Report of the Managing Trustees and Financial Statements for the year ended 31 March 2025 





## Contents 

Trustees’ Report for the year ended 31 March 2025 ............................................................................. 2 Reference and Administrative Details of the Charity, its Trustees and Advisors ........................... 2 Structure, Governance and Management ...................................................................................... 3 Objectives and Activities ................................................................................................................. 3 Finance Principles and Policies ....................................................................................................... 4 Financial Review .............................................................................................................................. 4 Achievements and Performance ..................................................................................................... 4 Statement of Trustees' Responsibilities .................................................................................................. 7 Independent Examiner’s Report to the Trustees .................................................................................... 9 Statement of Financial Activities for the year ended 31 March 2025 .................................................. 10 Balance Sheet  at 31 March 2025 ......................................................................................................... 11 Notes to the Financial Statements for the year ended 31 March 2025 ............................................... 12 

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## Trustees’ Report for the year ended 31 March 2025 

The Trustees present their report and financial statements for the year ended 31 March 2025. 

The accounts have been prepared in accordance with the accounting policies set out on pages 12-14 and comply with the Charities Act 2011 and the Charities SORP (FRS 102). 

Reference and Administrative Details of the Charity, its Trustees and Advisors 

|Charity name|A Bit|of a Break CIO|
|---|---|---|
|Registered charity number|1180843||
|Trustees|Jules|Armson|
||Paula Hunt||
||Mike|Merriman|
||Helen Pilling||
||Kim Reddyhoff||
||Chris|Whiley|
|Registered office|Woodlands House||
|and principal operating address|Clifford Road||
||Ilkley||
||LS29|0AL|
|Operations Coordinator|Rachel Boggs||
|Bankers|Lloyds Bank plc||
||25 Gresham Street||
||London||
||EC2V|7HN|
|Independent examiner|Nigel|Wyatt BSc. FCA|
||Wyatt & Co Chartered Accountants||
||125 Main St||
||Garforth||
||Leeds||
||LS25|1AF|



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Structure, Governance and Management 

## _Structure_ 

A Bit of a Break (ABAOB) is a charitable incorporated organisation (CIO), established with a foundation constitution whereby the trustees are the only members and first registered with the Charity Commission on 26 November 2018 (registered charity number 1180843). 

## _Trustees_ 

There is no limit to the number of trustees ABOAB may have. Trustees are appointed for a three-year period after they are asked whether they wish to serve for another term. Trustees may serve a maximum of three terms after which a one year must elapse before they can be reappointed. 

## _Induction and training_ 

An ‘induction pack’ has been collated to ensure that new Trustees meet the eligibility criteria, as defined by the Charity Commission, and understand their role and responsibilities to ABOAB as a Trustee. The pack also includes the constitution, current policy documents, most recent Annual Report and Financial Statements, and minutes from the three latest Trustee meeting. 

Trustees are encouraged to keep abreast of relevant charity legislation as it pertains to ABOAB and to attend briefing/training sessions where appropriate. 

## _Organisational management_ 

The Board meets at least 4 times a year to exercise strategic direction, fulfil its governance responsibilities and oversee the affairs of the charity. Day to day administration is carried out by a part-time Operations Coordinator. 

## Objectives and Activities 

## _Charitable objects_ 

The objects of A Bit of a Break are:  to preserve and protect the health of those suffering with terminal illness and to relieve the stresses experienced by their families and carers by providing or assisting in the provision of holidays. 

## _Public benefit_ 

When reviewing the aims and objectives of the charity, and in planning its activities, the Trustees have complied with their duty in section 4 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission. 

## _Data Protection_ 

The Trustees have taken all necessary steps to ensure compliance with the General Data Protection Regulations 2016. Data processing and data protection remain under review to ensure that this remains the case. 

## _Safeguarding_ 

The Trustees undertake their responsibilities regarding the protection of its trustees, staff, volunteers and beneficiaries very seriously. The policy and procedures have been drawn up to ensure that any allegation, disclosure of abuse, or suspicion are dealt with appropriately within the guidelines of the local Safeguarding Boards. 

## _Risk Management_ 

The Trustees keep the risk management process for ABOAB under review and risks are systematically reviewed to assess whether any further controls are required. The Trustees have assessed the major risks to which ABOAB is exposed, in particular related to its operations and finances, and are satisfied 

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that discussions with regard to operations and the quarterly review of finances minimise any exposure to risk. 

## Finance Principles and Policies 

The Trustees wish to manage ABOAB to optimise their ability to support their beneficiaries. Accordingly, the following principles underpin the financial processes of the CIO: 

## _Reserves policy_ 

The Trustees’ policy is to maintain a cash reserve of 6 months operating costs. The reserves are needed to meet the normal working capital requirements of the charity and the Board are confident that at this level they would be able to continue the current activities of the charity in the event of a reduction in funding. 

## _Trustees’ expenses_ 

We believe that it is right to ensure that no trustee is disadvantaged from offering to serve ABOAB for financial reasons. We therefore pay expenses to Trustees to attend meetings and attend to the business of the CIO at the standard mileage rate allowed by HMRC or the cheapest practical public transport and any other reasonable expenses incurred in support of the CIO, as appropriate.  In the period to March 2025 this totalled £nil (2024: £nil). 

## Financial Review 

The CIO’s principal source of income is donations from the public. In the 12 months reporting period to 31 March 2025 total income was £27,555 (2024: £39,103) of which £14,044 was donated goods and services received by the charity being the value of donated stays in holiday properties. 

Expenditure during the year totalled £32,912 (2024: £32,942) of which £14,044 was the value of donated goods and services given to beneficiaries i.e. donated stays in holiday properties. A significant change this year was the decision to pay for stays in certain circumstances for example, where specialist equipment was needed that couldn’t be obtained in our usual properties, or there was a pressing need to get away in peak time. 

At the year end, there was a resulting net loss of £5,357 (2024:  £6,161 gain). 

At the balance sheet date, ABOAB had total funds of £32,441 (2024: £37,798). The Trustees consider that the minimum reserves necessary are six months of operational costs, that is £9,434 (2024: £9,147). The unrestricted reserves held at the balance sheet date would therefore finance A Bit of a Break’s charitable activities for 20 months (2024: 24 months). 

The Trustees recognise that we are holding in excess of the stated reserves policy but feel this is justified because the service is expanding and they anticipate that, as the number of donated stays continues to rise, more funds will be needed to cover increasing guest and property owner expenses and the cost of additional staff time to support the operation. 

## Achievements and Performance 

Last year we set the following objectives for 2024-25: 

1. To build on the number of completed breaks aiming for 30 throughout the year, some of which may be shorter 2/3-night breaks rather than full weeks. The majority of these will be in the offpeak months of October-December (excluding Christmas and New Year) and January-March. 

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2. To further develop the number and range of referral routes, working with different key workers such as social prescribers. We aim to expand across the whole M62 corridor between Liverpool in the West and Hull in the East. We aim to receive 60 referrals in 2024/25. 

3. To secure more Property Partners developing direct relationships with individual property owners and establishing links with new booking agencies. We aim to have 70 Property Partners by March 2025. 

4. To continue to build upon our social media presence on Instagram and Facebook. 

5. To help raise greater awareness of A Bit of a Break with a stronger visual identity through merchandise to create bolder branding and widen our exposure. 

6. To encourage our network of supporters to raise funds on our behalf, through both individual and group activities (modelled on the ABOAB Worth Valley Supporters Group). 

7. To continue to work with our supporters and partners and to nurture these relationships. 

We are pleased to report good progress for A Bit of a Break from April 2024 to March 2025. This last year we have been accepting referrals as normal, were much better able to source unfilled accommodation-weeks and have successfully arranged breaks again. Our Operations Coordinator, Rachel Boggs’ skills, experience and enthusiasm have ensured that our administration runs smoothly, and we have been very pleased to have her working with us for 2 days a week alongside the voluntary role of trustees. 

## _Referrals_ 

In the 12-month period to March 2025 A Bit of a Break received a total of 43 referrals (2023-24: 25 referrals). Of these, 22 came from West and North Yorkshire, 12 from the Liverpool area and 9 from Manchester. In total, 20 were matched with a suitable property, of whom 19 were able to successfully enjoy a holiday with loved ones, 7 during the year and another 12 early in 2025/26.  A further 4 breaks were arranged for patients on the waiting list who had been referred towards the end of the previous reporting year. As always, in a small number of cases a holiday could not proceed because  the patient became too unwell to travel or passed away. 

Our ‘success rate’ of about 50% is not surprising given the circumstances we are dealing with but defining ‘success’ as ‘completing a holiday’ is perhaps underplaying the true value of what we offer as we know from families that there is huge joy in looking forward to a holiday, even when patients become too unwell ultimately to go. 

Guests staying at Olivanges, a static caravan in Rhyll, North Wales said: 

“We had a great time away in the caravan and it was so nice having the family time. It was such a lovely caravan, with everything you could want, and the neighbours were so friendly and helpful. P was unwell for a couple of days but even then, we could sit on the decking and enjoy being outdoors which just made it for us! Our daughter loved the arcades and was closer to her dad than she has been for a long time! A big thank you to everyone for sorting this break out for us” 

## _Referrers_ 

This year we have partnered with five new referring organisations: Carers’ Plus in North Yorkshire,  the Sir Robert Ogden Macmillan Centre in Harrogate, Macmillan Palliative Care teams in the Manchester South and Trafford Hubs and the Macmillan Cancer Support Service in Hull, Grimsby and Scarborough. We have successfully established referrer routes across the whole M62 corridor from Liverpool in the West to Hull in the East. 

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Reminding our existing referrers about A Bit of a Break, with refresher presentations to team meetings has been important; even though we have something so positive to offer, health/care professionals have a lot of different interventions to consider and face so many demands on their time that A Bit of Break can easily be forgotten. 

We will be launching a new twice-yearly newsletter to our Referral Partners in April 2025. 

One of our Manchester referrers, a Macmillan Welfare Adviser said: 

“They had an absolutely amazing time in Ambleside in the Lake District having the honeymoon they were never able to have when they married 17 years ago! They are very grateful to ABOAB for doing this for them and it’s made a massive difference to them both. Thank you so much.” 

## _Properties_ 

By March 2025 we had achieved our target of increasing the number of properties on our portfolio to more than 70 with many of the new properties being in North Wales. Most property owners gift us one week a year, sometimes two or occasionally we have been lucky to receive more, usually at offpeak times. 

We have continued to send our twice-yearly mailings to our Property Partners to keep them updated with our activities and successes, to thank them and to encourage them to send us new photos of their properties for promotional use. We also have our regular Thankful Thursday post on our Facebook page to give Property Partners exposure and appreciation. 

## _Communications_ 

During 2024/25 we have been really pleased to continue using the professional services of Harriet Mason (Moor Communications). Her involvement and skill have really enhanced our image, and the e-newsletters (6 per year) have become more targeted, thoughtful and engaging thanks to Harriet’s expertise for which we are very grateful. The newsletter is posted on the News section of our website which keeps it up-to-date and fresh. For a small charity we believe we have an impressive website, which is our key source of information. We remain grateful to Gareth Lyle from Blue Hoop Digital who has generously gifted his time and expertise to keep our website polished. 

## _Fundraising_ 

As last year the trustees have decided to put a hold on grant applications for the time being. 

Fundraising through donations starts with raising awareness and a highlight of the year for ABOAB was featuring again in Ilkley’s annual Christmas Tree Festival at St Margaret’s Church. This is a wonderfully celebratory charity event visited by local schools and members of the community and it provided a perfect opportunity to showcase what we do. We have also been getting out into the community to give presentations at groups and meetings such as Rotary and the Women’s Institute. Our photo-filled PowerPoint presentation has successfully engaged audiences and there have been knock-on benefits of subsequent donations and fundraising activities in aid of A Bit of a Break. Importantly they have also resulted in several new holiday properties to add to our portfolio which is wonderful. 

## _Friends and supporters_ **:** 

We are especially grateful to the Worth Valley Support Group which is such an active and enthusiastic team of people who show their passion for A Bit of a Break, through various awareness and fundraising events. Their highlight in 2024/25 was a successful weekend Craft Fayre in Haworth in August along with various other events throughout the year. 

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Objectives for the Coming Year 

A Bit of a Break’s Objectives for 2025-26 are: 

1. To grow the number of successfully completed breaks from 19 in 2024/25 and aim for at least 30 – or even more – in 2025/26.  Now that we have committed to pay for a proportion of bookings, we anticipate a more even spread of breaks throughout the calendar year with a significant number now being taken in the warmer months between May and September. 

2. To be proactive in our relationship with referrers – who now span the whole M62 corridor – to help them keep A Bit of a Break top of mind.  We aim to receive a minimum of 60 referrals in 2025/26 which we believe is the number needed to achieve 30+ successful breaks a year. 

3.To continue the work of our Properties Working Group to better identify different ways of securing properties for patients referred to us. We are now trialling paying for some bookings, so need to establish clear criteria and boundaries to ensure optimal relations with all our Property Partners and a simple operational system. We will continue to work on our special relationship with those Property Partners who gift us stays free of charge. 

4.To continue to build upon our social media presence on Instagram and Facebook. 

5.To explore the possibility of establishing more formal links with much larger charities such as Macmillan, Marie Curie and Sue Ryder. Their strong branding would help widen our exposure and help give more gravitas to what we do. 

6.To encourage our network of supporters to raise funds on our behalf, through both individual and group activities (modelled on the ABOAB Worth Valley Supporters Group). 

7.To continue to work with our supporters and partners and to nurture these relationships. 

We thank our six trustees for their ongoing commitment to A Bit of a Break and look forward to continued growth in 2025/26. 

“The whole lodge was very accessible with a great wet room and the underfloor heating was so very warm and cosy. It was a great spot and the closest lodge to the reception and restaurant (just 2 minutes) so not far to travel for a coffee where we could sit and watch squirrels and robins! The staff were very welcoming and friendly. Miles of woodland forest walks with good paths which were absolutely fine with a motorised wheelchair. Thank you so much. It was all wonderful!” 


” The lodge was wonderful and in a lovely setting. My husband needed a break probably more than me and we both had a fantastic time with our daughter and granddaughter. I can’t thank A Bit of a Break enough as we really wouldn’t have had the nerve to arrange anything like this ourselves. “ 

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## Statement of Trustees' Responsibilities 

The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with the applicable law and United Kingdom Accounting Standards. The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. 

In preparing these financial statements the trustees are required to: 

- act in accordance with the constitution and rules of the CIO, within the framework of trust law; 

- select suitable accounting policies and then apply them consistently; 

- make judgments and estimates that are reasonable and prudent; 

- state whether the recommendations of the SORP (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue its activities. 

The Trustees are responsible for keeping proper accounting records, sufficient to disclose at any time, with reasonable accuracy, the financial position of the charity at that time, and to enable the trustees to ensure that, where any statements of accounts are prepared by the Trustees under section 132(1) of the Charities Act 2011, those statements of accounts comply with the requirements of regulations under that provision. The Trustees have a general responsibility for taking such steps as are reasonably open to the Trustees to safeguard the assets of the charity and to prevent and detect fraud and other irregularities. 

By order of the board of Trustees 

Signed: 


PAULA Hunt 

## **Trustee** 

## 29/09/2025 

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## Independent Examiner’s Report to the Trustees 

I report on the Accounts of A Bit of a Break for the year ended 31 March 2025 which are set out on pages 2-18. 

## _Respective responsibilities of Trustees and the Independent Examiner_ 

As described in the Statement of Trustees' Responsibilities, the CIO's Trustees are responsible for the preparation of Accounts. The Trustees consider that an audit is not required for this year under Section 144 of the Charities Act 2011 (the Charities Act) but that an independent examination is needed. 

It is my responsibility to: 

- examine the Accounts under Section 145 of the Charities Act, 

- to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the Charities Act), and 

- state whether particular matters have come to my attention. 

## _Basis of the independent examiner's report_ 

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the CIO and a comparison of the Accounts presented with those records. It also includes consideration of any unusual items or disclosure in the Accounts and, seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the Accounts. 

## _Independent examiner's statement_ 

In connection with my examination, I confirm that no matter has come to my attention: 

1. which gives me reasonable cause to believe that in any material respect the requirements: 

   - to keep accounting records in accordance with Section 130 of the Charities Act, and 

   - to prepare Accounts which accord with the accounting records and to comply with the accounting requirements of the Charities Act have not been met; 

2. or which, in my opinion, attention should be drawn in order to enable a proper understanding of the Accounts to be reached. 

This report, including my statement, has been prepared for and only for the charity’s trustees as a body. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body for my independent examination work, for this report, or for the opinions I have formed. 

Signed 


Nigel Wyatt BSc. FCA Wyatt & Co Chartered Accountants 125 Main St Garforth Leeds LS25 1AF 

06/10/2025 

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Statement of Financial Activities for the year ended 31 March 2025 

|**Note**<br>**Income:**<br>Donations and Legacies<br>2<br>Other Trading Activities<br>3<br>Investment income<br>Other income<br>**Total Income:**<br>**Expenditure:**<br>Raising Funds<br>4<br>Charitable activities<br>5<br>**Total Expenditure:**<br>**Net Income/(Expenditure)**<br>**Net Movement in Funds**<br>Fund Balances brought forward<br>**Fund Balances carried forward**|**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**Total**<br>**Funds**<br>**2025**<br>**2025**<br>**2025**<br>**£**<br>**£**<br>**£**<br>23,202<br>2,000<br>25,202<br>1,567<br>-<br>1,567<br>786<br>-<br>786<br>-<br>-<br>-<br>**25,555**<br>**2,000**<br>**27,555**<br>3,365<br>-<br>3,365<br>27,508<br>2,039<br>29,547<br>**30,873**<br>**2,039**<br>**32,912**<br>(5,318)<br>(39)<br>(5,357)<br>**(5,318)**<br>**(39)**<br>**(5,357)**<br>37,759<br>39<br>37,798<br>**32,441**<br>**-**<br>**32,441**|Unrestricted<br>Funds<br>Restricted<br>Funds<br>Total<br>Funds<br>2024<br>2024<br>2024<br>£<br>£<br>£<br>35,430<br>1,800<br>37,230<br>1,530<br>-<br>1,530<br>304<br>-<br>304<br>40<br>-<br>40|
|---|---|---|
|||**37,303**<br>**1,800**<br>**39,103**|
|||5,014<br>-<br>5,014<br>26,167<br>1,762<br>27,928|
|||**31,181**<br>**1,762**<br>**32,942**|
|||6,122<br>39<br>6,161|
|||**6,122**<br>**39**<br>**6,161**|
|||31,638<br>-<br>31,638|
|||**37,759**<br>**39**<br>**37,798**|



The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 

The Accounting Policies and Notes on pages 12 - 18 form an integral part of these Financial Statements 

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Balance Sheet at 31 March 2025 

|**Note**<br>**Current Assets**<br>Cash at bank and in hand<br>Lloyds - Current Account<br>Lloyds - Notice Account<br>Short-term investments<br>Lloyds - Fixed Term Deposit<br>Debtors<br>Gift Aid Receivable<br>6<br>**Total Current Assets**<br> <br>**Creditors:**<br>Amounts falling due within one year<br>7<br>**Net Current Assets/(Liabilities)**<br>**Total Net Assets**<br>**The Funds of the Charity**<br>Unrestricted Funds<br>Restricted Funds<br>19<br>**Total Charity Funds**|12,490<br>10,000<br>10,349<br>-|**2025**<br>**£**|18,176<br>10,000<br>10,000<br>-|2024<br>£|
|---|---|---|---|---|
||32,839<br>398||38,176<br>378||
|||**32,839**||**38,176**|
||||||
|||**32,441**||**37,798**|
||||||
|||**32,441**||**37,798**|
|||32,441<br>0||37,760<br>39|
|||**32,441**||**37,798**|



Approved by the Trustees signed on their behalf by 


PAULA HUNT 

## **Trustee** 

## 29/09/2025 

The Accounting Policies and Notes on pages 12 - 18 form an integral part of these Financial Statements 

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Notes to the Financial Statements for the year ended 31 March 2025 

## 1. **Accounting policies** 

## a. Basis of preparation 

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1st January 2019) (“Charities SORP (FRS 102)”) and the Charities Act 2011. 

A Bit of a Break (ABOAB) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). 

The principal accounting policies adopted are set out below. 

## b. Going concern 

The Trustees have prepared financial projections taking into consideration the current economic climate and its potential impact on the sources of income and planned expenditure. The CIO has sufficient cash reserves to meet its immediate requirements and to enable ABOAB to continue in operational existence for the foreseeable future. The financial statements have therefore been prepared on the basis that ABOAB is a going concern. 

## c. Income 

Income is recognised when the CIO has entitlement to the funds, any performance conditions relating to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably. 

Donations, grants, gifts, and lettings income are recognised when receivable. 

Interest on funds held on deposit is included when receivable and the amount can be measured reliably; this is normally upon notification of the interest paid or payable by the bank. 

Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably, and the CIO has been notified of the executor's intention to make a distribution. Where legacies have been notified to the CIO or the CIO is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material. 

Donated services and facilities are recognised as income when the CIO has control over the item, any conditions associated with the donated item have been met, and the receipt of economic benefit can be measured reliably. In accordance with the Charities SORP (FRS102), general volunteer time is not recognised (refer to the Trustees’ annual report for more information about their contribution). On receipt, donated professional services and donated facilities are recognised based on the value of the gift to the CIO, which is the amount the CIO would have been prepared to pay to obtain services or facilities of equivalent economic benefit on the open market: a corresponding amount is then recognised in expenditure in the period of receipt. This is included when receivable and the amount can be measured reliably by the CIO. 

## d. Expenditure 

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount can be measured reliably. All expenditure is accounted for on an  accrual basis. 

The Accounting Policies and Notes on pages 12 - 18 form an integral part of these Financial Statements 

12 




Notes to the financial statements for the year ended 31 March 2025 continued 

## _Principal accounting policies (continued)_ 

Expenditure is classified under the following activity headings: 

- Costs of raising funds comprise the costs associated with fund raising activity 

- Expenditure on charitable activities includes the costs of activities undertaken to further the purpose of the CIO and their associated support costs 

- Other expenditure represents those items not falling into any other heading. 

All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others may be apportioned on an appropriate basis as set out in Note 5. 

## e. Allocation of support costs 

Support costs are those functions that assist the work of the CIO but do not directly relate to charitable activities. Support costs include back-office costs, finance, personnel, payroll and governance costs which support the CIO’s activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The basis on which support costs have been allocated are set out in Notes 4 and 5. 

## f. Investments 

Investments are initially recognised at their transaction value and subsequently measured at their fair value at the balance sheet date using the closing market price. 

## g. Cash and deposits 

Cash at bank and in hand includes cash in hand and deposits repayable within 24 hours without penalty at the balance sheet date. Short term deposits include deposits with a short maturity of three months or less from the date of acquisition or opening of the deposit account. 

## h. Fund accounting 

Unrestricted funds are available to spend on activities that further any of the purposes of the CIO. 

Designated funds are unrestricted funds which the Trustees have decided at their discretion to set aside for a particular purpose. 

Restricted funds are funds which the donor has specified are to be used solely for a particular area of the ABOAB’s work or for purchases of specific assets for use by the CIO. 

## i. Taxation 

As a CIO, A Bit of a Break is exempt from taxation in respect of income or capital gains to the extent that such income or gains are applied exclusively to charitable purposes. ABOAB receives no similar exemption for VAT. 

## j. Current asset measurement 

Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid. Tax recoverable is included at the amount receivable at the balance sheet date. 

Creditors are recognised where there is a present obligation resulting from a past event that will probably result in the transfer of funds to a third party, and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at the settlement amount. 

The Accounting Policies and Notes on pages 12 - 18 form an integral part of these Financial Statements 

13 




Notes to the financial statements for the year ended 31 March 2025 continued 

## _Principal accounting policies (continued)_ 

- k. Exceptional items 

Exceptional items are material items, deriving from events or transactions within the ordinary activities of the CIO, and which individually or in aggregate are disclosed because of their size or incidence in order that the financial statements give a true and fair view. 

## l. Financial instruments 

The CIO only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value except for bank loans which are subsequently measured at amortised cost using the effective interest method. 

The Accounting Policies and Notes on pages 12 - 18 form an integral part of these Financial Statements 

14 




Notes to the financial statements for the year ended 31 March 2025 continued 

## **2. Income from donations and legacies** 

|Donations<br>Gift Aid<br>Donated goods and services<br>Grant funding<br>8<br>**3. Income from other trading activities**<br>Fundraising events<br>Other income<br>**4. Expenditure on raising funds**<br>Fundraising Costs<br>9<br>Administrative Costs<br>10<br>**5. Expenditure on charitable activities**<br>Donated goods and services<br>Paid-for Goods & Services<br>Property owner costs<br>Guest expenses<br>Governance costs<br>11<br>Support costs<br>12|**2025**<br>**£**<br>8,567<br>591<br>14,044<br>2,000<br>**25,202**<br>**2025**<br>**£**<br>1,567<br>-<br>**1,567**<br>**2025**<br>**£**<br>1,902<br>1,463<br>**3,365**<br>**2025**<br>**£**<br>14,044<br>2,328<br>1,554<br>536<br>861<br>10,224<br>**29,547**|2024<br>£<br>10,979<br>304<br>14,647<br>11,300|
|---|---|---|
|||**37,230**|
|||2024<br>£<br>949<br>581|
|||**1,530**|
|||2024<br>£<br>3,799<br>1,215|
|||**5,014**|
|||2024<br>£<br>14,647<br>-<br>2,583<br>122<br>617<br>9,959<br>**27,928**|



Paid-for Goods and Services included £2,039 Fred Towler restricted fund (2024: £nil). 

## **6. Debtors** 

|Gift Aid Receivable<br> <br>**Creditors**<br>Accounts Payable<br>Accruals<br>|**2025**<br>**£**<br>-<br>**-**<br>**2025**<br>**£**<br>-<br>398<br>**398**|2024<br>£<br>-<br>**-**<br>2024<br>£<br>-<br>378<br>**378**|
|---|---|---|



## **7. Creditors** 

The Accounting Policies and Notes on pages 12 - 18 form an integral part of these Financial Statements 

15 




Notes to the financial statements for the year ended 31 March 2025 continued 

## **8. Grant funding** 

|**2025**<br>**2025**<br>**2025**<br>**Unrestricted**<br>**funds**<br>**Restricted**<br>**funds**<br>**Total**<br>**£**<br>**£**<br>**£**<br>Fred Towler Trust<br>-<br>2,000<br>2,000<br>Hartley’s Trust<br>-<br>-<br>-<br>Sir James Reckitt Charity<br>-<br>-<br>-<br>Tony Bramall Charitable Trust<br>-<br>-<br>-<br>**-**<br>**2,000**<br>**2,000**<br>**9. Fundraising costs**<br>**2025**<br>**£**<br>Fundraising expenses<br>1,902<br>**1,902**<br>**10. Administration costs**<br>**2025**<br>**£**<br>General expenses<br>124<br>IT Software & Consumables<br>163<br>Postage<br>7<br>Printing<br>-<br>Subscriptions<br>47<br>Telephone & Internet<br>82<br>Professional Fees<br>1,040<br>**1,463**<br>**11. Governance costs**<br>**2025**<br>**£**<br>Accountancy Fees<br>13<br>410<br>Insurance<br>211<br>Trustee Meeting costs<br>240<br>**861**<br>**12.  Support costs**<br>**2025**<br>**£**<br>Operational & Administrative<br>Professional Fees<br> <br>10,224<br>**10,224**<br>**13. Net income/(expenditure) for the year is stated after charging**|**2025**<br>**2025**<br>**2025**<br>**Unrestricted**<br>**funds**<br>**Restricted**<br>**funds**<br>**Total**<br>**£**<br>**£**<br>**£**<br>-<br>2,000<br>2,000<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|<br> <br> <br>|2024<br>Total<br>£<br>3,300<br>1,000<br>3,000<br>4,000|
|---|---|---|---|
||**-**<br>**2,000**<br>**2,000**||**11,300**|
||||2024<br>£<br>3,799|
||||**3,799**|
||||2024<br>£<br>88<br>152<br>10<br>208<br>35<br>72<br>650|
||||**1,215**|
||||2024<br>£<br>450<br>167<br>-|
||||**617**|
||||2024<br>£<br>9,959|
||||**9,959**|
|||||



|**2025**|2024|
|---|---|
|**£**|£|



The Accounting Policies and Notes on pages 12 - 18 form an integral part of these Financial Statements 

16 




|Independent examiner’s fee|410<br>**410**|450|
|---|---|---|
|||**450**|



Notes to the financial statements for the year ended 31 March 2025 continued 

## **14. Staff costs** 

There were no employees during 2025 (2024: none). 

## **15. Trustee remuneration** 

No Trustee received any remuneration during the year.  Payments to Trustees in reimbursement of their expenses amounted to £nil. (2024: none, £nil) 

## **16. Related party transactions** 

There were no related party transactions. 

## **17. Taxation** 

The charity’s activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988.  Accordingly, there is no taxation charge in these accounts. 

## **18. Capital commitments** 

At 31 March 2025 the charity had capital commitments of £nil. 

The Accounting Policies and Notes on pages 12 - 18 form an integral part of these Financial Statements 

17 




Notes to the financial statements for the year ended 31 March 2025 continued 

## **19. Restricted Funds** 

The income funds of the charity included restricted funds comprising the following unexpended balances of grants held on trust for specific purposes: 

|The Fred Towler Trust<br>**Total**|**Movement in Funds**<br>**Balance b/f**<br>**1 April 2024**<br>**Incoming**<br>**Resources**<br>**Outgoing**<br>**Resources**<br>**Balance c/f**<br>**31 March 2025**<br>**£**<br>**£**<br>**£**<br>**£**<br>39<br>2,000<br>2,039<br>-<br>**39**<br>**2,000**<br>**2,039**<br>**-**|Movement in Funds<br>Balance b/f<br>1 April 2022<br>Incoming<br>Resources<br>Outgoing<br>Resources<br>Balance c/f<br>31 March 2024<br>£<br>£<br>£<br>£<br>-<br>1,800<br>1,761<br>39|
|---|---|---|
|||**-**<br>**1,800**<br>**1,761**<br>**39**|



**Fund Purpose of Restriction** The Fred Towler Trust Towards the provision of holidays for the sick and aged living within the Bradford Metropolitan District. 

The Accounting Policies and Notes on pages 12 - 18 form an integral part of these Financial Statements 

18