REGISTERED COMPANY NUMBER: (England #nd Wales) REGISTERED CHARITY NUMBER.. 1188162 REPORT OF THE TRUSTEES AND UNAUDITED FINANCJAL STATEMENTS FOR THE YEAR ENDED 311 JUNE 2024 FOR THE BRAKES COMMUIYITY FOUNDATION CIO HB&O Ltd Chartered Accountants Highdown House I l Highdown Road Leamington Spa Warwi¢kshire CV31 IXT
THE BRAKES COMMUNITY FOUNDATIof4 CIO CONTENTS OF THE FINANCIAL STATEMENTS ftsr tbe year ended 30 June 2024 Page Report of the Trusteej Independent Examiner's Report S¢•tement of FSnneil Aetivities Balance Sheet Notes to the Financial St4tements 6 to 10 Detalled Statement of Financi&l Activitie$
THE BRAKES COMMUNITY FOUNDATION CIO REPORT OF THE TRUSTEES for the year ended 30 JUD¢ 2024 Th¢ ljustees who are also directors of the charity foi the PUryK)ses of the Companies Act 2006, pr¢s¢ni their report with Ihe firtanLLal statements vf the charity for the year ended 30 June 2024. The twstees have adopied the provision5 of Accounting and Reporting by Cliarities.- Staternent of R¢commend¢d Practice applicable to chariiies prepaTing their accounts in accordance with the Financial Reponing Stsndard applicable in the UK and Republic of Ireland ffRS 102) (effective l January 20191. OBJECTIVES AND ACTIVITIES Objectives and alms The Brake5 Coinmunity Foundation i5 a charity set up to 5UPPOrt the local ¢ommuniiy in partnership with Leamington Football Club. Alongsid¢ th¢ &ipport for the local community. the chariry also aims io wpport a lot of other positive charitable activities and causes using the connections they have in the football world. The charity aims to helps the local cottllnunity by.. - PToviding grants Providing finance PToviding use of buildinfacilItiCS Provision of a number of service5 Provision ¢Jf advise and suppon ACHIEVEMENT AND PERFORMANCE Charitable attiviti In The year to 30 June 2024. Brakes Community Foundation benefited the Community in the following ways.. - Educalion and training The advajicemeiit of health or saving of lives Assist with those suffering from forms of disabilily - Provision and support ofamaieur sport Provisjon of recreational activilies FINAf4CIAL REVIEW Reserves poiley It 18 the aim of The Brakes Community Foundaiion to have 6 months worth of operating costs in its current account at any given time, which equates to approximately £10,000, although there is no forn policy on this. The Brakes Community Foundation reli¢s primarily on donations or grants individuals, organisations and businesses in thc local community. STRucfuRE, GOVERNANCE Af4D MANAGEMENT Governing documeDt The charity 15 controlled by it5 governing document, and constitutes a charitable incotporated organisation. Recruitment and 8ppolntment ofnew trustees Ttuslees are currently appointed in line with the nlles set out by the Chariry. TnreeS are curTently drawn from Ltamington Football Club or from ¢xp¢rienced candidaies in the local environment. Organlsational structure The Brakes Con]munity Foundation currently 5 trustees. J Ea]es is the chair of the injsttts. Th¢ other tSteeS all assist with the day to day running of the charity. The finances for the charity 8r¢ dcalt with by O Spencer. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number {England and Wales) Registered Charity number 1188162 Page I
THE BRAKES COMMUNITY FOUNDATION CIO REPORT OF THE TRUSTEES for the year ended JO Julle 2&24 Registered office Your Co-op Communiuty Stadium Harbury Lanc Learnington Spa Wanvickshire CV33 9QB Trustees J Ealcs R W Davie5 O Spencer M Illum MTS D Johnston-smith Independent Exgmlner Stuart GrosvenoT HB&O Ltd Chartered Accountants Highdown House I l Highdown Road Leamingioll Spa WarwickshiTe CV31 IXT Approved by order of the tr*)ard of ttustees on l April 2025 and Sied on its b¢half by- J Eales- Trustee Page 2
IND£PEIYDENT EX4MINER'S REPORT TO THE TRUSTEES OF THE BRAKES COMMUNITY FOUNDATION CIO Independent examiner's report to the trustees of The Brakes Community FOundaon CIO ('the Company,) I report to the charity trustees on my examination of the accounts of th¢ Company for the year cnded 30 Jun¢ 2024. Re$ponsibilitie$ and basi5 of r¢p(brt As the Lharity's ttustee5 of the Company {pd a]so its directors for the pury)oses of company law) you a responsiblv for the preparation of the accounts in accordance with the requiremcnts of the Companies Act 20061'ihe 2006 ACV). Having satisfled myself that the accounts of the Company are not required to be audited under Part 16 of the 2(M)6 A¢t and are eligible for independent examination, I rqKIrt in iespect of my exarninatjon of your charity's accounts as carried out undcr Section 145 of the ChaTÈties Act 2011 I'the 2011 Act'l. In carying out my examination I have followed the Directions given by the Charity Commission und¢r S¢¢tion 145(51 (bl of the 2011 Act. Indepondent examitier's statÈmellt I have completed my examination. J confimi that no matttts have come io my attention in connection with the ¢xamination giving me cause to believe.. accounting TeLords were not kept in Tespect of the Company as r¢quiTed by Section 386 of the 2(K>6 Aet: oi the accounts do not accord with ihose records- or the accounts do not comply with the accouniing requirements of Section 396 of the 2006 Act other than any requirement ihat The accounts give a true artd fair view which is not a matter considered as part of an independent examitvdlion. or thc accounts have not been prepared in ac¢ordan¢e with the methods and PTinciples of the Statement of Recomm¢nd¢d Prartice for accounting and reporting by chaT]ties (applicable to charities pr¢paring thcir CoUnts in accordance with the Financial Reportir]g Standard applicable in the UK and Republic of Iieland {FRS 1021). I havc no conccrns and have com¢ a¢ross no other matters in connection wilh the examination to which attenti¢)n should bc drawn in this rcport in order to enable a pioper understanding of the accounts to be reachcd. Stuart Grosvenor HB&O Ltd Chartered A¢countsnts Highdown House I l Highdown Road Leamington Spa WaNickshire CV31 IXT l Aprtl 2025 Pa8e 3
THE BRAKES COMMUNITY Fouf4DATION CIO STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 June 2024 2024 Unrestricted fund 2023 Total funds Notes JNCOME AND ENDOWMEl+rrs FROM Donations and legacie5 73,IKIS 79,255 (hher trdding activities Investment income 88,672 104 73,186 26 Total 161,781 152,467 EXPEP4DITURE ON Charitable activities CJraiits 150J25 142.011 NET INCOME IIN56 10,456 RECOIYCILIATION OF FUNDS Total funds brought forward 1&453 7,997 TOTAL FiJNDS CARRIED FORWARD 29,9119 18,453 The notes forn) part of these finaucial statements Page 4
THE BRAKES COMMUTr41TY FOUNDATION CIO BALANCE SHEET JO June 2024 2024 Unrestricted fund 2023 Total nds Notes FIXED ASSETS Tan&Jibl¢ ass¢ts 43 645 CURRENT ASSETS Debtors C&sh at bank 9,425 26.051 5.903 15,831 35.476 21.734 CREDITORS Amounts falling due within one yur {S.997) (3.9261 NEf CURRENT ASSETS 29.479 17,808 TOTAL ASSETS LESS CURRENT LIABILITIES 29,909 18.453 r4ET ASSETS 29,909 18.453 FUNDS UnrestTlCted fimds 10 29.909 18.453 T(YfAL FUNDS 29.909 18.453 The charitable company is eniided to exemption from audit under Section 477 of th¢ Companies Aci 2006 foi the year ended 30 June 2024. The members hav¢ not Tequired the ¢ompany to obtsin an audit of its f]nancial statements for the year en(led 30 June 2024 in accordance with Section 476 of the CoTnpanies Act 2006. The trusttts ackn(Trwledge their responsibilities for (a) ensiuing that the ¢hariiable company keeps accounting records that cOpIY with Sections 386 and 387 of the Companies Act 2(K)6 and prepating 12nCI#l staternents which give a tn]¢ and fair view of the state of affaits of the Lharitable company as at thc end (Trf each financial year and of its Surplus or deficit for each fxnancial year in accordan¢c with ihe requirements of Seeiions 394 and 395 and which otherwise comply with the requir¢ments of the Companies Act 2(106 relating io financial statements. so far as applicable to the charitable company. (bl These financial stat¢m¢nts have b¢¢n prepared in accordance with the provisions applicable to ¢haritabl¢ companies subject to the small companies regime. The fjnanciol staternents w¢re appr()v¢d by the Board of Trustees and authorised for issue on l April 2025 and were signed on its behalf by.. J Eale5- Trusttt The notes form part of these finan¢ial statements Page 5
THE BRAKFS COMMuf4iTY FOUNDATION CIO NOTES TO THE FINANCIAL STATEMEf+lTS f•r the ye4r ended 30 je 2024 ACCOUNTING POLICIES Basis of preparing the financial $tstements The financial statcments of the ¢haritable company, which is a public benefit et]tity under FRS 102, hav¢ been prepared iii accordance with the Charilies SORP (FRS 1021 'Accounting and Reporting by Charities.. StAtement of Recommended Piactice applicable to charities prepaTin8 their accounts in accordance with the Financial R¢porting Standard applicabl¢ in the UK and Republi¢ of Ireland IFRS 1021 (effective l January 20191,, Financial Reporting Standard 102 The Financial Reponing Standard applicable in tho UK and Republic of Ireland, and the Companies Acl 2006. The financial sthtements Ivave bc¢n pr¢paTed under the historical cost convention. Ineome All incorne is Tecognised in the StAt¢mont of Financial Activities once thc charity has entitlement to the fund5, it 1$ probable that the income will be received and the amount can be measured reliably. Exp¢nditure Liabilities are re¢ognised os expenditt5re as s(K)n as there is a Icgal or ¢onstru¢tive obli8aiion committing the chanty to that expenditure, il is probable that a transfer of e¢onomi¢ benefits will be required in seltlement and the amount of thc obligation can be measured rcliably. ExndItUre 15 accounted for on an accn]als basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be threcily ottribut¢d to particular headings they have been allocated to activities on a basis Consistent with the use of resources. Tangible fixed Amtts Deprcciation 15 provided at the following annual rdtes in order to write off each atsei over its estirnated useful life. Computer equipment 250/0 on Cost Taxation The charity is exempt from corpoTalion tsx on its charitable activities. FllThd g¢¢ounting Unrestricted ndS can bc used in accordae with the charitable objectives at the discretion of the tsustees. RL%thcted fund5 Can only be used for particular restricted Puos% within the objects of the charity. Restrtctions aris¢ when specified by the donor or when fvnds are raised for particulai restricted purposes. Further explawdiion ofthc nature and piwse of each fi]nd is Includ in th¢ nol¢s to ih¢ fmancial statements. OTHER TRADING ACTIVITIES 2024 2023 Holiday camp School income Coaching iiicoine Projwt activities Birthday events 13,025 55395 18,913 1.124 215 20.386 39,169 9,568 4.063 88,672 73,186 Page 6 continue(L..
THE BRAKLS COMMUNITY FOUNDATION CIO NOTES TO THE FIIYANCIAL sfATEMENTS- ¢oDtinucd for the year ended 311 June Zl)24 INVESTMENT If4COME 2024 2023 Deposit a¢¢ount interest 104 26 NET INCOMEIIEXPENDITURE) Net incomel(expenditure) is stated dfter chargingl(crediting)'. 2024 2023 Depreeiation- owned assets 215 215 TRUSTEES, REMUNERATION AND BENEFITS Thcrc were no trnstees. remuneratioTh or other benefits for the year ¢nd¢d 30 June 2024 nor for the year ended 30 June 2023. Trustee5' txpenses There were i)0 tru5tees' expenses paid for the year ended 30 June 2024 nor for the y¢•r ¢nded 30 June 2023. COMPARATIVLS FOR THE STATEMENT OF FINANCIAL AcfivITIES Unrestricte fund IrCOME AND ENDOWMENTS FROM Donations and leg)¢8 79.255 Other trading activities Investment income 73,186 26 Tot81 152,467 EXPENDITURE ON Charitable xttlvitie Grants 142,011 NET INCOME 10,456 RECONCtLIATtON OF FUNDS Total funds brought fonvard 7,997 TOTAL FUNDS CARRIED FORWARD 18,453 Page 7 continued,..
THE BRAKES COMMUNITY FOUNDATION CIO NOTES TO THE FINANCIAL STATEMENTS- continued for the year ended 30 2024 TAYGIBLE FIXED ASSETS Computer equiprnent COST At l July 2023 and 30 June 2024 860 DEPRECIATION At l July 202.1 Charge for year 21S 215 At 30 June 2024 430 NET BOOK VALUE At 30 June 2024 430 At 30 Junc 2023 645 DEBTORS: AMOUNTS FALLINC DUE WITHIN ONE YEAR 2024 2023 Trade d¢biors 9A25 5,903 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2021 Trade ¢Tediiors Other crcditors Accruals and deferred income 5.031 2.960 960 960 5997 3,926 111. MOVEMENT IN FUNDS Net Tnovement in funds At 30.6.24 At 1.7.23 Unre$trictcd funds General fund 18,4S3 11,456 29.909 TOTAL FUNDS 1&4S3 11.456 29,909 Net movement in funds, ilud¢d in ihe above are as follows.. Incoming ItSOUT¢es Resources expended Movement in funds Unrestricted funds General fund 161.781 (150,32S) 11.456 TOTAL FUNDS 161,781 (ISOJ25 } IIN56 Page 8 ontinu...
THE BRAKES COMMUNITY FOUNDATION CIO OTES TO THE FILYANCIAL STATEMENTS- eontinuL for the year endeij 30 June 2024 io. MOVEMENT IN FUNDS- ¢othtinued CompAr8tive$ for movement in funds Net movemenl in fidS At 30.6.23 Ai 1.7.22 ureStricted funds G¢i)¢ral fund 7.997 10,456 18,453 TOTAL FUNDS 7,997 10,456 18,453 Cornparative net movcment in nds, included in the above are as follows.. Incoming r¢sources Re8our¢es expended Movement in funds URr¢stri¢ted fund$ General nd 152.467 (142.0111 10,456 TOTAL FUIYDS 152,467 1142,0111 10.456 A cUt year 12 months and prior year 12 months combined posilioll Is as ftsllows.. Net movemcnt in funth Ai 30.6.24 At 1.7.22 Unrestrleted Illd5 CJe]ieral fund 7,997 21,912 29.909 TOTAL FUNDS 7,997 21,912 29.909 A cUt year 12 months and prior year 12 months combined nei movement in funds, included in the above are 25 follows.. Incomin resources Resources expended Movement in funds Unrestricted funds General fund 314,248 (292,336) 21.912 TOTAL FUNDS 314.248 (292,336) 21.912 Page 9 continued...
THE BRAKES COMMiJNITY FOUNDATION CIO NOTES TO THE FINANCIAL STATEMENTS- continued for the year ended 30 2024 ii. RELATED PARTY DISCLOSURES There were no relat¢d poty transa¢tioT]s for the year ended 30 June 2024. Page 10
THE BRAKES COMMUTr41TY FOUNDATION CIO DETAILED STATEMENT OF FINANCIAL AcfiviTIES for the yeAr ended 30 JuDe 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legcie5 Donations Grants 7.495 05,SlO 12.123 67.132 73,IXIS 79,255 Other Irading activi¢les Holiday caTnp Sch(x)l income Coaching inLoTne Project activitlCS Binhday events 13,025 SS,395 18,913 1,124 215 20,386 39,169 9,568 4.063 8&672 73.186 Jnvestment income Dew)sit account interest 26 Tot1 in¢omin% resour¢es 161.781 152,467 EXPENDITURE Charitable aetlvltles Co-ordinator fee5 Co)¢hing fees EquipTnent hire Faciliiy hsr¢ MaTket1118 Ev¢nt fees Class4Kids Volunteer expenses Training Travel Trophies Catering Kit Project activity 41,234 83,062 2559 10,838 1,7116 29.033 77257 1.215 19,125 602 248 41)0 760 207 28 1,1106 762 770 672 6.092 924 536 143.610 136,437 Support C0515 Management Insurance Sundri¢s Grant fees Computer software caled foTwanl 1.948 1,435 16 180 746 2,377 180 593 2,728 This page does not fom) part of the siawtory firnCIal $tat¢ments Pagell
THE BRAKES COMMUNITY VOUNDATION CIO DETAILED STATEMEf4T OF FINANCIAL ACTIVITILS for tbe year ended 30 June 2024 2024 2023 Management Brought forward Accountancy Legal fees 2,728 1.308 2.377 960 4,226 3,337 Finance Bank charges ComputCT cquipment 1,774 215 2,022 215 1.989 2237 Other Admiii fees 51)0 Total resources expended 150J25 142,011 Net incorne 11,456 10.456 This page doe5 not forni part of the sithtory financial statements Page 12