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2025-06-30-accounts

REGISTERED COMPANY NUMBER: (England and Wales) REGISTERED CHARITY NUMBER: 1188162

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

THE BRAKES COMMUNITY FOUNDATION CIO

HB&O Ltd Chartered Accountants Highdown House 11 Highdown Road Leamington Spa Warwickshire CV31 1XT

THE BRAKES COMMUNITY FOUNDATION CIO

CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 30 June 2025

Page

Report of the Trustees 1 to 2 Independent Examiner's Report 3 Statement of Financial Activities 4 Balance Sheet 5 Notes to the Financial Statements 6 to 10 Detailed Statement of Financial Activities 11 to 12

THE BRAKES COMMUNITY FOUNDATION CIO

REPORT OF THE TRUSTEES for the year ended 30 June 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2025. The trustees have adopted the provisions of 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 1 January 2019).

OBJECTIVES AND ACTIVITIES Objectives and aims

The Brakes Community Foundation is a charity set up to support the local community in partnership with Leamington Football Club. Alongside the support for the local community, the charity also aims to support 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 community by:

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

FINANCIAL REVIEW

Reserves policy

It is the aim of The Brakes Community Foundation 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 formal policy on this.

The Brakes Community Foundation relies primarily on donations or grants from individuals, organisations and businesses in the local community.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, and constitutes a charitable incorporated organisation.

Recruitment and appointment of new trustees Trustees are currently appointed in line with the rules set out by the charity. Trustees are currently drawn from Leamington Football Club or from experienced candidates in the local environment.

Organisational structure

The Brakes Community Foundation currently has 5 trustees. J Eales is the chair of the trustees. The other trustees all assist with the day to day running of the charity. The finances for the charity are dealt with by O Spencer.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

(England and Wales)

Registered Charity number

1188162

Page 1

THE BRAKES COMMUNITY FOUNDATION CIO

REPORT OF THE TRUSTEES for the year ended 30 June 2025

Registered office

Your Co-Op Communiuty Stadium Harbury Lane Leamington Spa Warwickshire CV33 9QB

Trustees

J Eales R W Davies O Spencer M Illum Mrs D Johnston-Smith

Independent Examiner

Stuart Grosvenor HB&O Ltd Chartered Accountants Highdown House 11 Highdown Road Leamington Spa Warwickshire CV31 1XT

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................ J Eales - Trustee

Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BRAKES COMMUNITY FOUNDATION CIO

Independent examiner's report to the trustees of The Brakes Community Foundation CIO ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Stuart Grosvenor

HB&O Ltd Chartered Accountants Highdown House 11 Highdown Road Leamington Spa Warwickshire CV31 1XT

Date: .............................................

Page 3

THE BRAKES COMMUNITY FOUNDATION CIO

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 June 2025

DRAFT
2025
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
111,405
Other trading activities
2
187,387
Investment income
3
111
Total
298,903
EXPENDITURE ON
Charitable activities
Grants
264,040
Other
15,235
Total
279,275
NET INCOME
19,628
RECONCILIATION OF FUNDS
Total funds brought forward
29,801
TOTAL FUNDS CARRIED FORWARD
49,429		 2024
Total
funds
£
73,005
88,672
104
161,781
150,325
-
150,325
11,456
18,453
29,909

The notes form part of these financial statements

Page 4

THE BRAKES COMMUNITY FOUNDATION CIO

BALANCE SHEET 30 June 2025

2025 2024
Unrestricted Total
fund funds
Notes £ £
FIXED ASSETS
Tangible assets
7		 215 430
CURRENT ASSETS
Debtors
8		 14,773 9,425
Cash at bank and in hand 45,328 26,051
60,101 35,476
CREDITORS
DRAFT
Amounts falling due within one year
9
(10,887)
(5,997)
NET CURRENT ASSETS
49,214
29,479
TOTAL ASSETS LESS CURRENT
LIABILITIES
49,429
29,909
NET ASSETS
49,429
29,909
FUNDS
10
Unrestricted funds
49,429
29,909
TOTAL FUNDS
49,429
29,909
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the yea
ended 30 June 2025.
The members have not required the company to obtain an audit of its financial statements for the year ende
30 June 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a)
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of th
Companies Act 2006 and

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. J Eales - Trustee

The notes form part of these financial statements

Page 5

THE BRAKES COMMUNITY FOUNDATION CIO

NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 June 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 25% on cost Taxation The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. OTHER TRADING ACTIVITIES

Holiday camp
School income
Coaching income
Project activities
Birthday events
Membership fees
Services
Signing on fees
Sponsorship
Subscriptions		 2025
£
16,604
64,359
19,148
-
350
2,620
3,619
2,430
600
77,657
187,387		 2024
£
13,025
55,395
18,913
1,124
215
-
-
-
-
-
88,672

Page 6

continued...

THE BRAKES COMMUNITY FOUNDATION CIO

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 June 2025

3. INVESTMENT INCOME
2025 2024
£ £
Deposit account interest 111 104
4. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2025 2024
£ £
Depreciation - owned assets 215 215
5.
6.		 DRAFT
TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2025 nor for the year ended
30 June 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2025 nor for the year ended 30 June 2024.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
73,005
Other trading activities
88,672
Investment income
104
Total
161,781
EXPENDITURE ON
Charitable activities
Grants
150,325
NET INCOME 11,456
RECONCILIATION OF FUNDS
Total funds brought forward 18,453
TOTAL FUNDS CARRIED FORWARD 29,909

continued...

Page 7

THE BRAKES COMMUNITY FOUNDATION CIO

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 June 2025

7. TANGIBLE FIXED ASSETS

Computer
equipment
£
COST
At 1 July 2024 and 30 June 2025 860
DEPRECIATION
At 1 July 2024 430
Charge for year 215
At 30 June 2025 645
NET BOOK VALUE
8.
9.
10.		 DRAFT
At 30 June 2025
At 30 June 2024
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
£
Trade debtors
4,963
Other debtors
9,810
14,773
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
£
Trade creditors
9,485
Social security and other taxes
436
Other creditors
6
Accruals and deferred income
960
10,887
MOVEMENT IN FUNDS
Net		 215
430
2024
£
9,425
-
9,425
2024
£
5,031
-
6
960
5,997
movement At
At 1.7.24 in funds 30.6.25
£ £ £
Unrestricted funds
General fund 29,801 19,628 49,429
TOTAL FUNDS 29,801 19,628 49,429

continued...

Page 8

THE BRAKES COMMUNITY FOUNDATION CIO

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 June 2025

10. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

DRAFT
Incoming
resources
£
Unrestricted funds
General fund
298,903
TOTAL FUNDS
298,903
Comparatives for movement in funds
At 1.7.23
£
Unrestricted funds
General fund
18,453
TOTAL FUNDS
18,453
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
161,781
TOTAL FUNDS
161,781
A current year 12 months and prior year 12 months combined position is as follows:
At 1.7.23
£
Unrestricted funds
General fund
18,453
TOTAL FUNDS
18,453		 Resources
Movement
expended
in funds
£
£
(279,275)
19,628
(279,275)
19,628
Net
movement
At
in funds
30.6.24
£
£
11,456
29,909
11,456
29,909
Resources
Movement
expended
in funds
£
£
(150,325)
11,456
(150,325)
11,456
Net
movement
At
in funds
30.6.25
£
£
31,084
49,537
31,084
49,537

continued...

Page 9

THE BRAKES COMMUNITY FOUNDATION CIO

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 30 June 2025

10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 460,684 (429,600) 31,084
TOTAL FUNDS 460,684 (429,600) 31,084
DRAFT
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 June 2025.

11. RELATED PARTY DISCLOSURES

Page 10

THE BRAKES COMMUNITY FOUNDATION CIO

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 June 2025

DRAFT
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Grants
Other trading activities
Holiday camp
School income
Coaching income
Project activities
Birthday events
Membership fees
Services
Signing on fees
Sponsorship
Subscriptions
Investment income
Deposit account interest
Total incoming resources
EXPENDITURE
Charitable activities
Co-ordinator fees
Coaching fees
Equipment hire
Facility hire
Marketing
Event fees
Class4Kids
Volunteer expenses
Training
Travel
Trophies
Catering
Kit
Leauge Costs
Match officials		 2025
£
42,866
68,539
111,405
16,604
64,359
19,148
-
350
2,620
3,619
2,430
600
77,657
187,387
111
298,903
39,675
93,589
8,314
59,150
2,192
1,548
3,555
-
2,214
504
3,299
1,590
37,256
2,877
8,277
264,040		 2024
£
7,495
65,510
73,005
13,025
55,395
18,913
1,124
215
-
-
-
-
-
88,672
104
161,781
41,234
83,062
2,559
10,838
1,706
-
248
400
760
207
28
1,806
762
-
-
143,610

Support costs

This page does not form part of the statutory financial statements

Page 11

THE BRAKES COMMUNITY FOUNDATION CIO

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 30 June 2025

FT
Support costs
Management
Insurance
Sundries
Grant fees
Computer software
Accountancy
Legal fees
Storage fees
Finance
Bank charges
Computer equipment
Other
Admin fees
Total resources expended
Net income		 2025
£
871
1,535
4,283
1,267
1,140
4,469
1,059
14,624
86
215
301
310
279,275
19,628		 2024
£
1,948
7
180
593
1,308
190
-
4,226
1,774
215
1,989
500
150,325
11,456

This page does not form part of the statutory financial statements

Page 12