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2025-03-31-accounts

CodeBrave Foundation Annual Report and Financial Statements

For the year ended 31 March 2025

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Reference and Administrative Information

Name CodeBrave Foundation
Charity number 1188692
Company number 11798468
Registered Ofce 51 Lyncombe Hill
Bath
BA2 4PQ
Trustees Robert Milburn (Chair)
Olivia Peacock (Treasurer)
Bilal Skaf-Halaby
Amanda Ogilvie
Steven Wilbur
Dan Grimm
Kareem Tayara
Rami Mehio
Fanny Heneine
Secretary Martin Brown
Independent Examiner David Goodridge

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TRUSTEES’ REPORT

the year ended 31 March 2025. 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:

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 power Lebanon’s next generation with tech skills. During the year we provided £261,824 in grants to CodeBrave Lebanon, supporting their overall impact in delivering Computer Science and AI education to 5,201 children and adolescents from disadvantaged backgrounds.

Act 2011 to have due regard to the general guidance issued by the Charity Commission on the public benefit.

Achievements and Performance

This year, CodeBrave Foundation was proud to continue supporting CodeBrave Lebanon’s tech education programmes, which give young people in Lebanon the tools to lift themselves out of poverty through the power of Computer Science and AI education.

Contextual Update

with Israel drastically escalate in September 2024. The Ministry of Education postponed the start of the school year several times before closing public schools

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entirely until January 2025, which delayed our planned projects for the 2024-25 academic year. During this period, over 77% of public schools were either damaged or used as temporary shelters for displaced families — including two of our planned partner schools.

In response, we were able to support CodeBrave Lebanon to adapt swiftly, by continuing or switching to online delivery of our programmes wherever possible, and by providing emergency education classes for displaced children living in shelters.

January. We were able to support CodeBrave Lebanon to subsequently scale its programmes to continue reaching children and teachers with life-changing tech education.

Overall Impact

CodeBrave Foundation directly funded activities as well as supporting cross-cutting core costs that helped CodeBrave Lebanon to significantly scale their programmes. The overall impact includes:

Our Programmes

1. Direct Teaching (formerly known as Core Projects)

CodeBrave Lebanon’s Direct Teaching projects are delivered in partnership with under-resourced schools in Lebanon to students aged 9-15. The aim is to build students’ foundational skills in coding, problem-solving, and critical thinking.

This year, CodeBrave teachers continued weekly Computer Science and AI classes using CodeBrave’s STEM.org-accredited tech curriculum at Dar Al Awlad, Mansourieh, where 100 students are currently enrolled. This partnership, which began in 2021, will

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evolve next year as Dar Al Awlad joins our School Upskilling Programme to enable its teachers to deliver classes independently.

2. Web Development Programme (formerly known as CodeBrave Scholars)

CodeBrave Lebanon’s Web Development Programme provides a one-year programme for youth (aged 16-18) from disadvantaged backgrounds to learn web development and prepare for tech careers.

The programme includes:

This year, our third cohort of 17 young people graduated from the programme, with 90% achieving positive outcomes such as internships, university scholarships and paid work. At the same time, we welcomed our fourth cohort of 63 young people, who began their training phase and will complete the full programme in the next financial year.

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3. School Upskilling Programme

This year, building on the success of our pilot, we expanded our School Upskilling Programme, which strengthens long-term capacity in local schools by training and coaching teachers to independently deliver CodeBrave’s Computer Science & AI curriculum to students aged 9–15.

The programme includes:

This year, another four schools completed the programme bringing the total number of trained public school teachers to 16. At the same time, 40 new schools joined the 2024–25 cohort, with 107 teachers beginning the teacher training and coaching phase and set to complete the programme in Summer 2025. We are piloting our LITE approach at 25 of the new schools, which is less intensive for teachers.

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Pleasingly, 88% of schools that have undertaken our full School Upskilling Programme continue to implement our curriculum independently without further support from CodeBrave, showing real sustainable investment in Lebanon’s public education system.

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4. Emergency Education Classes

education classes for 330 children sheltering in two public schools repurposed as emergency shelters.

CodeBrave teachers delivered game-based coding sessions designed to support children experiencing trauma, reinforcing literacy, numeracy, and science while providing psychosocial relief through engaging learning.

Fundraising

This year CodeBrave Foundation raised a total of £343,320. This is an increase from £213,019 we raised in the previous financial year.

Of our total income, we raised 15% from individuals, 61% from trusts and foundations and 24% from corporate donors. In particular, we’d like to highlight the following successes:

  1. We raised £50,226 from individual donors, including:

  2. a. Raising £12,643 from our emergency crowdfunding campaign to continue education for our students during the war.

  3. b. Developed and strengthened relationships with 7 major donors securing £29,339.

  4. We raised £208,918 from trusts and foundations including Karl Kahane Foundation, Educational Opportunity Foundation (formerly British & Foreign

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School Society), Sir Halley Stewart Trust, Mark Anthony Trust, and the Coles-Medlock Foundation.

  1. We raised £81,981 from corporate donors, including Schroders, BPL Global and through Google Giving Week.

Financial Review

incurred expenditure of £298,708.

Of the total funds raised this year, £191,583 was restricted. Funds spent on charitable activities totalled £269,962 and was equivalent to 90% of total expenditure.

As at 31st March 2025, the charity had total funds of £96,388, of which £68,168 was unrestricted and £28,220 was restricted.

Reserves Policy

CodeBrave Foundation’s reserves policy states our aim to maintain unrestricted funds sufficient to ensure the charity’s operational resilience and continuity of programmes. The Trustees reviewed this policy during the year and agreed to increase the target level of reserves, reflecting the charity’s growth and the need to mitigate potential funding fluctuations.

to CodeBrave Lebanon, the charity held unrestricted reserves of £13,000 (up from £11,276 last year). This covers CodeBrave Foundation’s operational costs for approximately four months.

The Trustees review the reserves policy and levels annually to ensure they remain appropriate to the charity’s size, activities, and risk environment. Depending on future fundraising and expenditure, the charity aims to build reserves sufficient to cover six months of CodeBrave Foundation’s operational costs.

Plans for Future Periods

Whilst Lebanon faces many challenges, education cannot wait. It must remain a national priority to prevent a lost generation. CodeBrave Foundation remains committed to supporting high-quality education that enables young people in Lebanon to lift themselves out of poverty. To that end, we will continue our partnership with CodeBrave Lebanon into the next financial year. We review our partnership and re-sign our partnership agreement on an annual basis.

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Building on the past year’s momentum, we are supporting CodeBrave Lebanon’s bold vision to make Computer Science and AI education accessible to all children in Lebanon from age nine. Over the next decade, we aim to scale the School Upskilling Programme to reach all 1,200 public schools in partnership with the Ministry of Education. We also plan to continue expanding the Web Development Programme, providing a vital bridge from education to employment in the tech sector for talented youth who lack opportunities.

In the coming year, our key focus will be on developing sustainable income streams to support this long-term vision, as well as, supporting 5,160 students to benefit from our programmes.

The trustees will continue to review the impact of our partnership with CodeBrave Lebanon to ensure that the funds we raise deliver meaningful and measurable outcomes for young people. We will keep donors informed, maintaining transparency and accountability in how their contributions are used.

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.

Robert Milburn Olivia Peacock Bilal Skaf-Hallaby Amanda Ogilvie Steven Wilbur Dan Grimm Kareem Tayara Rami Mehio

  1. Since year end, the board has appointed Fanny Heneine on 28th July 2025.

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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.

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.

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

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CodeBrave' FOUNDATION Kingdom governing the pr8paration and dissemination of financial statements may differ from legislation in other juri8dlctions. The Trustees. report was approved by the Board of Trustees and signed on its behalf by: Robert Milburn. Chair of Trustees 42

Code8rave' FOUNDATION Independent Examiner's Report to the Trustees I report to the £harity trustees on my examination of the accounts of the Company for the year ended 31" March 2025 set out on pages 14 to 21. As the charity's trustees of the Company (who are also the directors of the company for the purposes of company law). you are responsible for the preparation of the accounts in accordance wlth the requirements of the Companies Act 2006 the 2006 Act°J. Having satlsfied myself that the accounts of the"'Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examlnation. 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°J. In carrying out my examination. I have followed the Directions given bu the Charity Commission Cunder section 145(FJ[b) of the 2011 Act). The Company's gross income exceeded £250.000 and l am qualitied to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales. I have completed my examination. I confirm that no materlal matters have come to my attention which gives me cause to believe that: accounting records were not kept in accordance with section 386 of the Companies Act 2006: or the accounts do not accord with suoh records- or the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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 the accounts have not been prepared in accordance with the Charities SORP (FRSq02). 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. Davld J Goodridge FCA DChA Mallards Barn Millfield Lane LUI 4AR 13

Statement of Financial Activities

For the year ended 31 March 2025

Note
Income from:
Donations
2
Total income
Expenditure on:
Raising funds
3
Charitable activities
3
Governance costs
3
Total expenditure
Net income/(expenditure)
before tax for the reporting
period
Tax payable
Net income/(expenditure)
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 2025
2024
Unrestricted
Funds
Restricted
Funds
Total funds
Total funds
£
£
£
£
151,737
191,583
343,320
213,019
151,737
191,583
343,320
213,019
(25,579)
-
(25,579)
(24,713)
(106,099)
(163,863)
(269,962)
(309,138)
(3,167)
-
(3,167)
(2,855)
(134,845)
(163,863)
(298,708)
(336,706)
16,892
27,720
44,612
(123,687)
-
-
-
-
16,892
27,720
44,612
(123,687)
51,276
500
51,776
175,463
68,168
28,220
96,388
51,776

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CodeBrave' FOUNDATION Balance Sheet As at 31 March 2025 2025 2024 Note Current assets Cash at bank ar)d in hand 92.890 42.693 Debtors 4.332 9,488 Total ¢urrent assets 97.222 52.181 Creditors: amounts falling due vithin ono year et current assets t834J 96.388 (405) r?tal netasset 96.388 51,776 Funds ot the Charlty Unrestrict8d funds General fund 13.000 11.276 Designated fund Total unrestricted funds 55,168 40,000 68.168 51.278 Restricted income funds 28.220 500 Total funds 96.588 51.776 The company was entitled to exempon from audit under s477 of the Companies Act 2006 relating to small comp8nle$. The members hava not required the company to obtwn an audlt In accordance with s8Ctlon 476 of the Gompanies Aot200& The directors aaknowledge their responsibilities for complylng frvith the requlrements of the comp￿leS Act with respect to accounting r8cords and thepreparation of account& These accounts have been prepared In accordance wlth the pmvisions applicable to sm&ll companies subject to the snp8ll¢ompanies regin￿ 8ndin accordanca with FRS102SORP. Signe on behalf of the board of trustees on Date Robert Milburn. Chair of Trustees Slgn ure of director authenticating accounts being sent to Companies House Robert Milburn, Chalr of Trustees 15

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

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

as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

1.7 Donated Services

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

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2. Income

For the year ended 31 March 2025

2025 2024
Unrestricted
Restricted
Funds Funds Total Funds Prior Year
Analysis of income £ £ £ £
Donations
Donations and gifts 112,042
20,165
132,207
154,656
Gift Aid 2,195
-
2,195
14,073
General grants provided by
government/other charities 37,500
171,418
208,918
44,290
Total income 151,737
191,583
343,320
213,019

In the prior year, £122,494 of income was restricted.

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3. Total Resources Expended

For the year ended 31 March 2025

2025 2024
Basis of
Raising
Charitable
allocation Funds Activities Governance Total Total
Costs directly allocated to
activities £ £ £ £ £
Grants to Codebrave
Lebanon Direct costs -
261,824
-		 261,824 148,688
Grants to NAFDA Direct costs -
-
-		 - 154,699
Fundraising costs Direct costs 4,849
-
-		 4,849 1,796
Support costs allocated to
activities
Staf costs Staf time 16,031
6,262
2,755		 25,048 24,606
General administrative
costs Staf time 2,397
937
412		 3,746 3,945
Foreign Exchange losses Transactions
1,273
-
-		 1,273 949
Bank charges Transactions
1,029
939
-		 1,968 2,023
Total resources expended 25,579 269,962 3,167 298,708 336,706

4. Fees for examination of the accounts

The cost for independent examination of the accounts for the year ended 31 March 2025 is £Nil (2024: £Nil).

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For the year ended 31 March 2025

For the year ended 31 March 2025
2025 2024
Restated
£ £
Salaries and wages 24,500 24,057
Social security costs - -
Pension costs (defned contribution scheme) 548 548
Total staf costs 25,048 24,605

6. Cash at bank and in hand

For the year ended 31 March 2025

For the year ended 31 March 2025
2025 2024
£ £
Cash at bank and on hand 92,890 42,693
Total 92,890 42,693

7. Debtors

For the year ended 31 March 2025

For the year ended 31 March 2025
2025 2024
£ £
Trade and other debtors 1,803
9,154
Prepayments and accrued income 2,529
334
Total 4,332 9,488

All debtors are recoverable within one year.

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8. Creditors and accruals

For the year ended 31 March 2025

Amounts falling due within one year Amounts falling due within one year
2025 2024
£ £
Trade and other creditors 834 405
Total 834 405

9. Movement in funds

At 1 April
2024
Income
Expenditure
At 31 March
2025
£
£
£
£
Restricted funds
CodeBrave Web Development
Programme		 -
3,000
(3,000)
-
500
77,562
(73,982)
4,080
-
15,000
(10,500)
4,500
-
75,856
(56,216)
19,640
-
20,165
(20,165)
-
CodeBrave School Upskilling
Programme
CodeBrave Direct Teaching
Programme
Karl Kahane Foundation
Emergency Campaign
Total restricted funds 500
191,583
(163,863)
28,220
11,276
96,569
(94,845)
13,000
40,000
55,168
(40,000)
55,168
Unrestricted funds
General fund
Designated fund
Total unrestricted funds 51,276
151,737
(134,845)
68,168
Total Funds as per balance sheet 51,776
343,320
(298,708)
96,388

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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 (2024: £Nil). No members of the Board of Trustees received reimbursement of travel and subsistence expenses during the year (2024: £Nil).

12. Related party transactions

During the year, there were no related party transactions (2024: £Nil).

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