## CodeBrave Foundation Annual Report and Financial Statements
For the year ended 31 March 2025
1
## 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|
2
## 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
3
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:
- 5,201 children in Lebanon’s learnt life changing tech skills (up from 1,835 the previous year)
- 55% of all students reached are girls
- 80 youths (aged 16-18) enrolled in CodeBrave’s Web Development Programme
- 90% success rate for graduates in our Web Development Programme progressed to jobs, internships, or university scholarships.
- 40 laptops were distributed
- 16 local school teachers completed our School Upskilling Programme
- 107 local school teachers were trained on our Computer Science and AI curriculum
- 1,696 students were reached by newly trained local school teachers
- 81% of students passed technical assessments vs 28% in pre-test
- 44 schools enrolled in our School Upskilling Programme
- 88% of schools upskilled continue to deliver the curriculum independently the following academic year.
## **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
4
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:
- **8-months training course:** Students complete 8 months of online training (96 hours class time + 192 hours independent work) covering Python, HTML, CSS, JavaScript, UX/UI design, and how to leverage AI-assisted coding tools.
- **4-month internship:** Students are matched with real companies for internships, building their portfolios and gaining experience under the guidance of mentors.
- **Soft skills for employment:** The programme also builds communication, collaboration, and time management skills.
- **Laptops & internet access:** Each student receives a laptop on loan and monthly internet packages to ensure full access to learning.
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.
5
## **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:
- **Intensive Teacher Training:** A 36-hour training programme develops teachers’ ability to deliver coding and robotics classes using platforms like code.org, Scratch, MakeCode editor, and Trinket, with tools such as the micro:bit.
- **Coaching & Development:** Teachers are then coached by a dedicated mentor, who attends their classes during the first 1–2 school terms and provides detailed feedback to strengthen teaching quality.
- Graduates become CodeBrave Teaching Fellows and receive
- **Access to Curriculum:** Teaching Fellows retain ongoing access to CodeBrave’s lesson plans and materials, including new updates, supporting continued delivery for Grades 4–9.
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.
6
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.
7
## **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:
- a. Raising £12,643 from our emergency crowdfunding campaign to continue education for our students during the war.
- b. Developed and strengthened relationships with 7 major donors securing £29,339.
2. We raised £208,918 from trusts and foundations including Karl Kahane Foundation, Educational Opportunity Foundation (formerly British & Foreign
8
School Society), Sir Halley Stewart Trust, Mark Anthony Trust, and the Coles-Medlock Foundation.
3. 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.
9
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
2025. Since year end, the board has appointed Fanny Heneine on 28th July 2025.
10
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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and,
- inappropriate to presume that the charity will continue its activities.
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
11
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**|
14
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 exemp*on 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
compleS 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:
- the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
- and with the Charities Act 2011
## 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.
16
## 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.
17
## 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**|
- financial year.
## 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).
18
##
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**|
||||
- The average weekly number of employees, calculated as full-time equivalents, during the year was 1 (2024: 1).
- The average headcount during the year was 1 person (2024: 1 person).
-
- The total remuneration paid to key management personnel during the year was £25,048 (2024 restated: 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.
19
## 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**|
- **CodeBrave Web Development Programme:** Funds donated for our Web Development scholarship programme. This fund was called 'Codebrave Scholars project' in the prior year financial statements.
20
- **CodeBrave School Upskilling Programme:** These funds were received to support CodeBrave Lebanon's School Upskilling Programme. This programme was previously referred to as CodeBrave Tech teacher training.
- **CodeBrave Direct Teaching Programme:** These funds were received to support CodeBrave Lebanon's Direct Teaching Programme.
- **Karl Kahane Foundation:** These funds were granted by the Karl Kahane Foundation to go towards our School Upskilling programme, Direct Teaching programme and our emergency response, as well as supporting our core costs.
- **Emergency Campaign:** These funds were raised to help CodeBrave Lebanon continue education for children during the war in Lebanon.
- **Unrestricted designated funds:** £55,168 of unrestricted funds has been designated for CodeBrave Lebanon (2024: £40,000).
- There were no transfers between funds in the current year.
## 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).
21