## **Trustees’ Annual Report for the period**
## **From 1 January 2024 to 31 December 2024**
## **Charity Name: Break Off Labs**
## **Charity Registration Number: 1187213**
## **Objectives and Activities**
||SORP reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|**The objects of the CIO are to advance**
**the education of the public in the**
**subjects of science, technology,**
**engineering and maths (STEM), by the**
**provision of grants and financial**
**support and by promoting research and**
**disseminating the useful results of that**
**research.**|
|Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|**Break Off Labs was not active this year**
**again.**|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|**Break Off Labs has ensured that it is**
**being operated for public benefit only.**|
## **Achievements and Performance**
SORP reference
|Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|**Break Off Labs was not very active in**
**2024 due to the continued overhang of**
**COVID and time resource constraints of**
**the trustees.**|
|---|---|---|
## **Financial Review**
|Review of the charity’s
financial position at the end
of the period|Para 1.21|**The Charity held the equivalent of**
**£1,138 in cash.**|
|---|---|---|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|**Funds have been raised but not**
**deployed due to resource constraints.**|
|Amount of reserves held|Para 1.22|**Equivalent of £1,138 net of liabilities**|
|Reasons for holding zero
reserves|Para 1.22|**N/A**|
|Details of fund materially in
deficit|Para 1.24|**N/A**|
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|**None**|
## **Structure, Governance and Management**
|Description of charity’s
trusts:|||
|---|---|---|
|Type of governing document|Para 1.25|**“Foundation” model Constitution**|
|How is the charity
constituted?|Para 1.25|**CIO**|
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|**Trustees have been chosen based on**
**their skillset and knowledge of specific**
**areas or general charity management.**|
## **Reference and Administrative details**
|Charity name|Break Off Labs|
|---|---|
|Other name the charity uses|N/A|
|Registered charity number|1187213|
Charity’s principal address
57 Stanley Road Oxford OX4 1QY United Kingdom
## **Names of the charity trustees who manage the charity**
|1
2
3|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**|
|---|---|---|---|---|
||Hamish Magoffin|-|-|-|
||Ilija Rasovic|-|-|-|
||Matthias Tietze|-|-|-|
## **Funds held as custodian trustees on behalf of others**
Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
**N/A**
## **Declarations**
**Signature(s) Full name(s)** Hamish Magoffin **Position (eg Secretary,** Chair **Chair, etc) Date** 24 October 2024
**Break Off Labs Charity Number 1187213 Annual Accounts Year End 31 December 2024**
## Profit and Loss
## Break Off Labs
## January 1-December 31, 2024
|DISTRIBUTION ACCOUNT|TOTAL|
|---|---|
|Income||
|Cost of Sales||
|**Gross Profit**||
|Expenses||
|**Net Operating Income**||
|Other Income||
|Other Expenses||
|Unrealized Gain or Loss||
|**Total for Other Expenses**||
|**Net Other Income**||
|**Net Income**||
**1/1**
**Accrual Basis Friday, October 24, 2025 02:53 PM GMTZ**
## Balance Sheet
## Break Off Labs
As of December 31, 2024
|DISTRIBUTION ACCOUNT|TOTAL|
|---|---|
|Called up share capital not paid
Fixed Asset
Cash at bank and in hand
Debtors
Current Assets||
|||
||**£1,138.04**|
||**£0.00**|
||**£0.00**|
|**NET CURRENT ASSETS**|**£1,138.04**|
|Prepayments and accrued income
Creditors: amounts falling due within one year||
||**£0.00**|
|**NET CURRENT ASSETS (LIABILITIES)**|**£1,138.04**|
|**TOTAL ASSETS LESS CURRENT LIABILITIES**|**£1,138.04**|
|Creditors: amounts falling due after more than one year
Provision for liabilities and charges
Accruals and deferred income||
|**TOTAL NET ASSETS (LIABILITIES)**|**£1,138.04**|
|Capital and Reserves
Called up share capital
Unrestricted Net Assets
Net Income|£1,138.04|
|**Total for Capital and Reserves**|**£1,138.04**|
**1/1**
**Accrual Basis Friday, October 24, 2025 02:55 PM GMTZ**