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2023-03-31-accounts

CodeBrave Foundation Annual Report and Financial Statements

For the year ended 31 March 2023

1

Reference and Administrative Information

Name CodeBrave Foundation

Charity number 1188692 Company number 11798468 Registered Office 51 Lyncombe Hill Bath BA2 4PQ

Trustees Robert Milburn (Chair)

Olivia Peacock (Treasurer) Bilal Skaf-Halaby

Amanda Ogilvie

Steven Wilbur

Dan Grimm

Independent Examiner David Goodridge

2

TRUSTEES’ REPORT

The Trustees present their report with the statements of the charity for the year ended 31 March 2023. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their annual report and financial statements in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Objectives and Activities

CodeBrave Foundation’s objects as set out in its Articles of Association are:

To advance education for the public in Lebanon and such other parts of the world as the trustees shall determine by providing grants of financial assistance and other technical support and assistance to organisations that are established to address educational needs and the lack of appropriate science, technology, engineering and mathematical education among vulnerable children and young people.

We are partnered with CodeBrave Lebanon, a registered Lebanese NGO, and together we work to create lasting social change in Lebanon through tech education. During the year we provided £132,011 in grants to CodeBrave Lebanon to deliver digital skills, coding and robotics courses to 942 children and adolescents from disadvantaged backgrounds.

For the time, we also took on a second partnership. We partnered with NAFDA, another registered Lebanese NGO focused on education. During the year we provided £123,302 in grants to NAFDA, to support their project focusing on empowering schools in Lebanon. This was a fixed term partnership that ended in October 2023.

The Trustees they have complied with the duty in Section 4 of the Charities Act 2011 to have due regard to the general guidance issued by the Charity Commission on the public benefit.

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Achievements and Performance

Projects

This year we were delighted to continue our support of CodeBrave Lebanon’s tech education programme, and also to embark on a new partnership with NAFDA to empower schools in Lebanon.

CodeBrave Lebanon

CodeBrave Lebanon gives young people in Lebanon the tools to lift themselves out of poverty, through teaching them coding, robotics and AI.

This year, CodeBrave Foundation’s support enabled:

This impact was achieved through the continuation of CodeBrave Lebanon’s Core Projects and Scholarship Programme, and with the addition of a Teacher Training trial and Hackathons.

1. Core Projects

CodeBrave Lebanon’s core projects are the projects they deliver in partnership with under-resourced schools in Lebanon. This year they implemented the coding and robotics programme at the following schools:

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“I was really proud…I felt like I had created something bigger!”

Omar is a 17-year old living at the shelter near Beirut alongside 20 other children who don’t have families to live with. He has always been passionate about video games. When he found out that coding is behind it all, he really wanted to learn how to do it. So when CodeBrave teacher Hani started running coding classes at the shelter, Omar jumped at the chance. He’s now learning to build games and websites using coding languages like HTML and Python. Last year, he became a CodeBrave “Tech Wizard”, supporting younger teams of students at CodeBrave’s hackathon events.

Omar, 17 years old

2. CodeBrave Scholars

CodeBrave Lebanon continued their scholarship programme, which is an online Web Development programme for youth (aged 14-18) from disadvantaged communities lacking access to tech education.

This year saw the second cohort of 24 young people undertake the programme. We also continued to support the pilot cohort and first cohort who began in the previous year to finish the programme. 90% of the graduating scholars achieve positive outcomes that could be a work experience simulation, a university scholarship or further vocational training.

“Now, I am aware of the challenges of girls in tech but I will embrace them and not feel ashamed of failure. The tech field doesn't terrify me anymore.”

Rawan is a 16-year-old from an under-resourced public school in Aley. When we first met her, she said she didn't feel like she belonged in the tech field because she was a girl.

Last year, Rawan joined a coding workshop with CodeBrave and learnt that girls absolutely can succeed in tech. She applied to our web development scholarship programme, where she learned Python and JavaScript. Rawan’s work experience module involved building a website for CSRN, a professional client in the UK.

Rawan has grown more in her abilities and become a role model for other girls in tech. She has now set up a web development class for 40 students at her school, mainly girls. Rawan has also recently come back from TechGirls, a US exchange programme, and is working on breaking taboos and stereotypes through tech literacy in her community!

Rawan, 16 years old

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3. Tech Teacher Training

Lebanon trialled a new tech education teacher training programme. We developed a teacher training curriculum and successfully trialled it with 3 teachers, who we expect to begin implementing their classes in April 2023.

4. Hackathon events

At the beginning of the year, CodeBrave Lebanon ran a Hackathon event with 30 girls from Tahaddi to raise awareness about tech education. Many of these girls had never used a computer before. Following this event, we established a partnership with Tahaddi to deliver a core project at their centre for the 2022/2023 academic year.

“ I wish the day was longer”

Elissa, a 14-year-old girl, was one of the girls from the Tahaddi non-formal education centre in Hay al-Gharbeh to use a computer for the first time with CodeBrave. Elissa and 28 other students participated in a workshop where they learned how to code. “I learned a lot of new things! Now I understand what a computer language is”. The girls also received a career guidance session, which allowed them to explore options they did not consider before and get out of their comfort zone. “What we did today is beneficial for our future. I wish the day was longer”. Teaching girls to code in Lebanon is important because digital literacy is essential for children in today’s world as it has now become part of 21st century education.

Elissa, 14 years old

NAFDA

NAFDA’s work focuses on providing schools in Lebanon with the resources and guidance necessary to dismantle some of the obstacles set in the face of their students’ quality education and future employment opportunities. They do this by empowering schools to take the lead in designing and implementing programs that address their specific needs and inspire hope in the communities around them.

1. Urgent Needs Programme

Through the provision of £61,916 in grants, CodeBrave Foundation enabled NAFDA to cover the urgent needs of 13 Lebanese schools to ensure children are still able to access education despite the ongoing economic crisis. This included covering costs such as:

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We provided a grant of £61,386 in March 2023 to begin covering core costs. The remainder of the financial support for this partnership agreement will be transferred in the next financial year.

Fundraising

This year CodeBrave Foundation raised a total of £380,200, which marks a significant increase from an income of £142,180 in the prior year. Whilst we have grown the income we raise for our CodeBrave Lebanon partnership, this increase is largely due to our new partnership with NAFDA. It is worth noting that the income for our NAFDA partnership will not continue beyond the next financial year as we reach the end of the current partnership agreement.

Of our total income, we raised 62% from individuals, 25% from trusts and foundations, 2% from corporate donors and received 11% in Gift Aid. In particular, we’d like to highlight the following successes:

  2. a. Developed relationships with 14 major donors securing £44,582.

  3. b. Raised £26,230 through our Christmas Campaign & fundraising event in London on 30th November 2022.

  4. c. Developed a relationship with one donor to support our new partnership with NAFDA, securing £154,000.

  5. We raised £94,780 from trusts and foundations including:

  6. a. $41,500 from Prince Street Foundation.

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Financial Review

In this year, CodeBrave Foundation generated income of £380,200 and incurred expenditure of £306,980. This was an increase from the previous year, which had an income of £142,180 and expenditure of £121,380.

Of the total funds raised this year, £219,096 was restricted. These funds were restricted to our partnership with NAFDA.

Funds spent on charitable activities totalled £262,085 and was equivalent to 85% of total expenditure.

As at 31st March 2023, the charity had total funds of £175,463, of which £79,669 was unrestricted and £95,794 was restricted.

Reserves Policy

CodeBrave Foundation’s reserves policy states our aim to have unrestricted funds available to cover three months of operational costs.

After the deduction of £70,000 that has been designated for grants to CodeBrave Lebanon, the charity had unrestricted free reserves of £9,669 at the end of the financial year. This was sufficient to cover three months of the charity’s operational costs. The Trustees keep this under review on a quarterly basis.

Plans for Future Periods

Whilst Lebanon faces many challenges, education cannot wait and must be a national priority to avoid a lost generation. We are commi�ed to continue supporting high-quality education for young people in Lebanon so that they can lift themselves out of poverty. To that end, we will continue our partnerships with CodeBrave Lebanon and NAFDA into the next financial year.

For our partnership with CodeBrave Lebanon, our main focus will be to develop sustainable income streams to support CodeBrave Lebanon in scaling our tech education programme. CodeBrave Lebanon plans to add a further 1,000 children to the programme in the next year and ultimately, work towards reaching 10,000 youth by the end of 2026. Part of CodeBrave Lebanon’s scaling strategy focuses on growing their teacher training programme as a more efficient and sustainable approach. CodeBrave Lebanon plans to train another eight teachers at public schools on their curriculum, who will go on to teach an estimated 480 of their own

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students. In 2023 and beyond, CodeBrave Lebanon also aims to expand their impact beyond the projects they directly implement through supporting nationwide efforts to modernise the national curriculum.

For our partnership with NAFDA, we will continue this providing support to cover core costs and the transformation projects for eight schools.

We will review the impact of our partnerships on an ongoing basis to ensure that the money we raise makes a positive impact for the young people we serve. We will keep donors updated so that they are confident their contributions are being used transparently and effectively.

Structure, Governance and Management

CodeBrave Foundation was established as a company limited by guarantee on 30 January 2019 as company number 1179846, the company has no share capital and is limited by guarantee. It was registered with the Charity Commission as charity number 1188692 on 20 March 2020. It is governed by its Memorandum and Articles of Association.

The Board of Trustees are the only members of the charity, while day-to-day administration and management is performed by the Executive Director with active participation by the Board of Trustees.

The Trustees who served during the reporting period were:

Robert Milburn Sheetal Vyas Lehl Olivia Peacock Bilal Skaf-Hallaby Amanda Ogilvie Steven Wilbur Dina Dakik Dan Grimm

on 6th October 2022, and then Dan Grimm on 5th December 2023. In the same period two trustees resigned from the Board, Sheetal Vyas Lehl on 31st December 2022 and Dina Dakik on 24th April 2023.

Trustees are recruited from within the organisation’s networks and externally. Every trustee is appointed for a term of three years and may serve for a maximum of three consecutive terms, but thereafter a trustee shall not be eligible for re-appointment until one year after his or her retirement.

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All new trustees are properly inducted, provided with a copy of the current version of the charity’s Articles of Association, policies and the latest Annual Report and Financial Statements.

Statement of Board of Trustees’ Responsibilities

The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and regulations.

Charity law requires the Trustees to prepare statements for each year. Under that law they are required to prepare the financial statements in accordance with UK Accounting Standards and applicable law (UK Generally Accepted Accounting Practice), including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. Under charity law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the excess expenditure over income for that period.. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the relevant legislation. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charity and to prevent and detect fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the Charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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CodeBrave' FOUNDATION The Trustees, report was approved by th& Board of Tru6tee8 and Signed on its behalf by: Robert Milburn, Chair of Board of Tru8tee8 Date 11

CodeBrave' FOUNDAT/ON Independent Examiner's Report to the Trustees I report to the charlty trustees on my examlnatlon of the accounts of the Company for the year ended 31" March 2023 whlch are Set out on pages 13 to 22. As the charity's trustees of the Company (who are also the dlre¢tors of tha company for the purposes of company law), you are responslble for the preparation of the accounts In accordance wlth the requlrements of the Companles Act 2006 ("the 2006 Act.). Having satlsfled myself that the accounts of the Compang are not requlred to be audited for thls year under Part 16 of the 2006 Act and are ellglble for Independent examinatlon. I report In respect of mg examlnatlon of your charlty's accounts as carrled out under section 145 of the Charlties Act 2011 ("the 2011 Act"). In carr¢Jlng out my examlnatlon. I have followed the Dlrectlons given by the Charlty Commlssion (under section 145C5)Cb) of the 2011 Act. The company's gross income exceeded £250.000 and l am quallfl8d to undertake the éxaminatlon by being a quallfTed member of the Institute of Chartered Accountants In England and Wales. I have completed my examlnatlon. I conflrm that no materlal matters have come to my attentlon whlch glves me cause to belleve that: accounting records were not kept in accordance wlth sectlon 386 of the Companles Act 2006. or the accounts do not accord wlth such records: or the accounts do rnot complu wlth relevant accountlng requirements under sectlon 396 of the Companles Act 2006 other than any requirement that the accounts give a'true and fair, view whlch is not a matter considered as part of an independent examinatlon. or the accounts have not been prepared In accordance wlth the Charities SORP CFRS102). I have no concerns and have come across no other matters In connection with the examination to which attention should be drawn in th18 report In order to enable a proper understanding of the accounts to b6 reached. David J Go Mallards Barn Millfield Lane LUI 4AR CAD hA Date: Y ￿2￿ 12

Statement of Financial Activities

For the year ended 31 March 2023

Note
Income from:
Donations
2
Total income
Expenditure on:
Raising funds
3
Charitable activities
3
Governance costs
3
Total expenditure
Net income before tax for
the reporting period
Tax payable
Net income
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Year ended
31/03/2023
Year ended
31/03/2022
Unrestricted
funds
Restricted
income funds
Total funds
Total funds
£
£
£
161,104
219,096
380,200
142,180		 Year ended
31/03/2023
Year ended
31/03/2022
Unrestricted
funds
Restricted
income funds
Total funds
Total funds
£
£
£
161,104
219,096
380,200
142,180		 Year ended
31/03/2023
Year ended
31/03/2022
Unrestricted
funds
Restricted
income funds
Total funds
Total funds
£
£
£
161,104
219,096
380,200
142,180		 Year ended
31/03/2023
Year ended
31/03/2022
Unrestricted
funds
Restricted
income funds
Total funds
Total funds
£
£
£
161,104
219,096
380,200
142,180
161,104
219,096
380,200
142,180
(41,512)
-
(41,512)
(45,292)
(122,219)
(139,866)
(262,085)
(68,267)
(3,383)
-
(3,383)
(7,821)
(167,114)
(139,866)
(306,980)
(121,380)
(6,010)
79,230
73,220
20,800
- - - -
(6,010) 79,230 73,220 20,800
85,679
16,564
102,243
81,443
79,699 95,794 175,463 102,243

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Balance Sheet

As at 31 March 2023

Current assets
Cash at bank and in hand
Debtors
Total current assets
Creditors: amounts falling due
within one year
Net current assets
Total net assets
Funds of the Charity
Unrestricted funds
Restricted income funds
Total funds		 31/03/2023
31/03/2022
Note
£
£		 31/03/2023
31/03/2022
Note
£
£		 31/03/2023
31/03/2022
Note
£
£
6 175,121
83,381
7 660 19,437
175,781 102,818
8 (318) (575)
175,463 102,243
175,463 102,243
9 79,669 85,679
9 95,794 16,564
175,463 102,243

Signed on behalf of the board of trustees on Date .../.../...

…………………………………………………. Robert Milburn, Chair of Trustees

Signature of director authenticating accounts being sent to Companies House

…………………………………………………. Robert Milburn, Chair of Trustees

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Notes to the Financial Statements

1. Basis of Preparation

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts.

The accounts have been prepared in accordance with:

1.2 Going concern

The accounts have been prepared on a going concern basis and, in the opinion of the trustees, there are no material uncertainties that would cast significant doubt on the charity’s ability to continue as a going concern.

1.3 Income from donations

Donation income is recognised when received unless evidence of entitlement has been made by a donor to make future donations, in which case income is recognised when that pledge is made.

1.4 Pensions

The charity operates in the year in which they are payable.

1.5 Irrecoverable VAT

Expenditure is shown in the accounts inclusive of the associated VAT.

1.6 Financial instruments

The charity only had the assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their se�lement value.

1.7 Donated Services

Donated services and facilities are included at the value to the charity where this can be Donated services are included in the statement of quantified. financial activities, recognised as income and expenditure.

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2. Income

2. Income
Year ended Year ended
31/03/2023 31/03/2022
Unrestricted Restricted
funds income funds Total funds Prior year
Analysis of income £ £
Donations
Donations and gifts 88,383 154,000 242,838 106,932
Gift Aid 22,133 18,796 40,929 646
General grants provided by
government/other charities 48,480 46,300 94,780 32,202
Donated goods, facilities and
services - - - 2,400
Other
1,653 - 1,653 -
Total income 161,104 219,096 380,200 142,180

In the prior year, £31,193 of income was restricted.

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3. Total Resources Expended

Year ended
31/03/2023		 Year ended
31/03/2022
Basis of
allocation
Raising
Funds
Charitable
Activities Governance
Total
Total
Costs directly allocated to
activities
£
£
£
£
£
Grants to Codebrave
Lebanon
Direct costs
-
132,011
-
132,011
74,275
Grants to NAFDA
Direct costs
-
123,302
-
123,302
-
Fundraising costs
Direct costs
19,421
-
-
19,421
7,213
Support costs allocated to
activities
Staf costs
Staf time
16,031
6,011
3,006
25,048
32,333
General administrative
costs
Staf time
2,009
754
377
3,140
1,531
Foreign Exchange
loss/gain
Transactions
388
-
-
388
(133)
Bank charges
Transactions
3,663
7
3,670
3,761
Donated services
Usage
-
-
-
-
2,400
Total resources expended
41,512
262,085
3,383 306,980
121,380

4. Fees for examination of the accounts

The cost for independent examination of the accounts for the year ended 31 March 2023 is £Nil (2022: £Nil).

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Year ended Year ended
31/03/2023 31/03/2022
£ £
Salaries and wages 19,779 16,072
Social security costs 3,991 2,416
Pension costs (defned contribution 1,278 893
scheme)
Total staf costs 25,048 19,382

6. Cash at bank and in hand

Cash at bank and on hand
Total		 Year ended
31/03/2023
Year ended
31/03/2022
£
£
175,121
83,381
175,121
83,381

7. Debtors

7. Debtors
Year ended Year ended
31/03/2023 31/03/2022
£ £
Trade and other debtors 407 16,802
Prepayments and accrued income 253 2,635
Total 660 19,437

All debtors are recoverable within one year.

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8. Creditors and accruals
Amounts falling due within one
year
Amounts falling due after more
than one year
Year ended
31/03/2023
Year ended
31/03/2022
Year ended
31/03/2023
Year ended
31/03/2022
£
£
£
£
Trade and other creditors
318
575
-
-
Accruals and deferred
income
-
-
-
-
Total
318
575
-
-

9. Movement in funds

At 1 April 2022
Income Expenditure At 31 March 2023
£
£
£
£
Restricted funds
Improvement to Codebrave
Lebanon online presence		 328
-
(328)
-
CodeBrave Scholars Project 16,236
-
(16,236)
-
Donations to NAFDA -
219,096
(123,302)
95,794
Total restricted funds 16,564
219,096
(139,866)
95,574
Unrestricted funds 85,679
161,104
(167,114)
79,669
Total Funds as per balance sheet 102,243
380,200
(306,980)
175,463

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10. Limited by guarantee

The company is limited by guarantee of members and does not have a share capital. As stated in our articles, the liability of the members is limited to a sum not exceeding £10, being the amount that each member undertakes to contribute to the assets of the charity in the event of its being wound up while he, she or it is a member or within one year after he, she or it ceases to be a member, for:

  1. payment of the charity’s debts and liabilities incurred before he, she or it ceases to be a member;

  2. payment of the costs, charges and expenses of winding up; and

  3. adjustment of the rights of the contributories among themselves.

11. Trustee remuneration

During the year, no Trustee received any remuneration (2022: £Nil). No members of the Board of Trustees received reimbursement of travel and subsistence expenses during the year (2022: £Nil).

12. Related party transactions

During the year, there were no related party transactions (2022: £Nil).

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