**The Brave and Determined Charity** **Trustees Annual Report - April 2024 to March 2025** ## **1. Charity Information** **Charity Name** : The Brave and Determined Charity ## **Charity Number** : 1202749 **Registered Address** : Unit 12, Wincombe Business Park, Shaftesbury, SP7 9QJ **Contact Details** : thebraveanddeterminedcharity@gmail.com, www.badco.uk ## **2. Objectives and Activities** **Charitable Purpose** : The Brave and Determined Charity exists to fund access to earlyintervention, life-saving counselling for individuals in England who are experiencing mental health challenges, with a particular focus on those on low incomes. Counselling is provided by approved counselling providers who are accredited by the British Association for Counselling and Psychotherapy (BACP). In setting the charity’s objectives and activities, the trustees have had due regard to the Charity Commission’s guidance on public benefit. ## **Key Activities, Achievements and Performance** : Below is a summary of headline activities undertaken to achieve the charity's objectives. Below is a summary of headline activities undertaken during the year to achieve the charity’s objectives. - Between April 2024 and March 2025, the charity received 101 referrals for counselling support. This brings the total number of individuals referred to The Brave and Determined Charity since its inception to 209, demonstrating consistent growth in demand for the support provided. - Average referrals remained steady at approximately 1.2–1.3 per week throughout the year. - The 26–35 age group represented the highest proportion of referrals, and 14% of referrals related to individuals under the age of 18. - Approximately 50% of referrals were from individuals on low incomes, reinforcing the charity’s role in addressing financial barriers to accessing mental health support. - A total of 36 counsellors were on the charity’s books during the year, supporting service capacity and continuity of care. - Demand for counselling services continued to rise. Challenges were identified following the introduction of a new referral application process, including incomplete applications. Referrals were temporarily closed for six weeks between November and December 2024, although referrals continued to be received during this period. - Fundraising activity during the year was largely driven by community-led events, individual challenges, and trustee-supported initiatives. Key fundraising activity included: - Yeovil Half Marathon (Jo Butler), raising £464 - Sydenham’s fundraising, generating £310 - The Late Summer Ball, raising £12,500 - Grant funding activity continued, including an award of funding of up to £2,500 from SJP Fund, which was confirmed as received in April 2025 (post year-end but relevant to the charity’s funding pipeline). A Cheese Festival grant application was also submitted during the year. - Planning progressed for future fundraising events, including the Okeford United FC Charity Football Match (scheduled for August 2025), the Jurassic Coast Challenge, and a Golf Day at Rushmore (scheduled for June 2025). - Trustees identified the need to further develop fundraising infrastructure, including fundraising packs, JustGiving guidance, a dedicated fundraising page on the charity’s website, and a Standard Operating Procedure for handling cash and cheques. These actions were agreed but not fully implemented by the end of the reporting period. - Governance and compliance processes continued to strengthen, including the submission and acceptance of end-of-year accounts and the annual return. Work on the charity’s risk register and conflict of interest register continued during the year, with both documents reviewed and updated at each trustee meeting. - Safeguarding training was completed by multiple trustees, and DBS requirements were kept under review. Our ongoing challenge as we head into 2024-25 will be balancing the demand for our services with our financial position. We need to continue to develop sustainable income streams by working with our partner organisation, The Brave and Determined Company. We will continue to use our marketing approach to raise awareness of the support we provide, whilst encouraging people to fundraise for us. We will review our relationships with our counselling providers to ensure we get good value for money and have robust service level agreements in place with our counselling providers so that we can manage any conflicts of interest that may arise. ## **3. Financial Review** ## **Financial Statements** Attached to the charity’s submission is a summary of unaudited accounts prepared by external accountants, including: 1. A Statement of Financial Activities showing income, expenditure, and any surplus or deficit 2. A Balance Sheet showing assets, liabilities, and reserves ## **Income and Expenditure** The charity maintained a strong financial position throughout the year. Cash balances were reported at approximately £59,000 in January 2025 and £55,318.57 in April 2025. All counsellor invoices were up to date at year end, with £7,300 in invoices outstanding and expected to be received. ## **Reserves Policy** The charity’s reserves policy is to maintain reserves equivalent to three months’ running costs, totalling £15,000, to ensure financial stability and continuity of charitable activities. The trustees consider the current level of reserves to be appropriate to meet the charity’s short-term obligations and ongoing commitments. ## **4. Structure, Governance, and Management** ## **Trustee Board** The trustees who served during the year were: - Charlotte Green (Chair) - Rachel Holmes (Treasurer) - Adam Collins - Adam Harvey - William Jones Tom Belmont resigned as a trustee in November 2024. The remaining trustees agreed to advertise for an additional trustee to support the charity’s future growth and development. ## **Management** : The charity is managed by the trustees, who meet quarterly to oversee activities, finances, and governance. The day-to-day running of the charity is carried out by the trustees and volunteers, all of whom give their time freely in accordance with the charity’s purpose and objectives. ## **5. Risk Management** The trustees have identified the principal risks facing the charity as increasing demand for counselling services, reliance on voluntary trustee and volunteer capacity, and delays in implementing operational and fundraising processes. These risks are mitigated through careful financial management, phased service delivery, and the ongoing development of governance and operational procedures. The charity maintains a risk register and a conflict of interest register, both of which are reviewed and updated at each trustee meeting to ensure risks are actively managed and potential conflicts are identified and addressed in a timely and transparent manner. ## **5. Plans for the Future** The trustees have identified the following priorities for the coming year: - To continue to fund early-intervention, life-saving counselling for individuals experiencing mental health challenges, with a particular focus on those on low incomes - To review and improve the referral process, including clearer guidance and a more robust triage approach during periods of high demand - To strengthen fundraising infrastructure through the development of fundraising packs, website resources, and clear procedures for handling cash and cheques - To deliver planned fundraising events in 2025 and further develop grant funding opportunities - To recruit additional trustee capacity to support governance, fundraising, and strategic development - To continue working closely with The Brave and Determined Company, a registered notfor-profit company which donates all its profits to The Brave and Determined Charity ## **Declaration** The trustees declare that they have approved this report and confirm it complies with charity law requirements. ## **Signed by** : - Charlotte Green, Chair of Trustees (during the period 2024-25) - Date: 20/01/2026 ## **The Brave and Determined Charity** ## **Charity No. 1202749** ## **Trustees' Report and Unaudited Accounts** **31 March 2025** **The Brave and Determined Charity Contents** ||Pages| |---|---| |Trustees' Annual Report|2 to 3| |Independent Examiner's Report|4| |Statement of Financial Activities|5| |Balance Sheet|6| |Statement of Cash flows|13| |Notes to the Accounts|7 to 12| |Detailed Statement of Financial Activities|14 to 15| Page 1 **The Brave and Determined Charity Trustees Annual Report** The trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2025. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Charity No. 1202749** ## **Principal Office** Unit 2 Wessex House Wincombe Lane Shaftesbury Dorset SP7 8PJ ## **Trustees** The following trustees served during the year: T. Belmont (Resigned 30 November 2024) A. Collins C. Green A. Harvey R. Holmes W. Jones ## **Accountants** TS Accounting 20 Kingsmead Business Park Gillingham Dorset SP8 5FB ## **Statement of trustees' responsibilities in relation to the financial statements** The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the charity's trustees Page 2 **The Brave and Determined Charity Trustees Annual Report** C. Green Trustee 31 March 2025 Page 3 ## **The Brave and Determined Charity** ## **Independent Examiners Report** ## **Independent Examiner's Report to the trustees of The Brave and Determined Charity** I report to the trustees on my examination of the financial statements of The Brave and Determined Charity for the year ended 31 March 2025. ## **Responsibilities and basis of report** As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - the accounting records were not kept in respect of the charity as required by section 130 of the Act; or - the financial statements do not accord with those records; or - the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination. 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 financial statements to be reached. B Kemp MAAT TS Accounting 20 Kingsmead Business Park Gillingham Dorset SP8 5FB 31 March 2025 Page 4 **The Brave and Determined Charity Statement of Financial Activities** ## **for the year ended 31 March 2025** |**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
Other trading activities
4
**Total**
**Expenditure on:**
Raising funds
5
Other
6
**Total**
Net gains on investments
**Net income**
Transfers between funds
**Net income before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**|**Total funds**|**Total funds**| |---|---|---|---| ||**2025**|**2025**|**2024**| ||**£**|**£**|**£**| ||||| ||47,886|47,886|48,883| ||162|162|100| ||48,048|48,048|48,983| ||||| ||25,230|25,230|12,963| ||1,046|1,046|345| ||26,276|26,276|13,308| ||-|-|-| ||21,772|21,772|35,675| ||-|-|-| ||21,772|21,772|35,675| ||||| ||21,772|21,772|35,675| ||||| ||35,675|35,675|-| ||57,447|57,447|35,675| ||||| ||||| ||||| Page 5 **The Brave and Determined Charity Balance Sheet** ## **at 31 March 2025** |**Charity No. 1202749**
**Fixed assets**
Tangible assets
8
**Current assets**
Cash at bank and in hand
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset or liability**
**Total net assets**
**The funds of the charity**
**Restricted funds**
9
**Unrestricted funds**
9
General funds
**Reserves**
9
**Total funds**|**2025**
**£**
1,511
1,511
55,936
55,936
55,936
57,447
57,447
57,447
57,447
57,447
57,447|**2024**
**£**
-| |---|---|---| |||-
35,675| |||35,675| |||35,675
35,675| |||35,675| |||35,675| |||35,675| |||35,675| |||35,675| Approved by the trustees on 31 March 2025 And signed on their behalf by: C. Green Trustee 31 March 2025 Page 6 **The Brave and Determined Charity Notes to the Accounts** ## **for the year ended 31 March 2025** - 1 **Accounting policies** ## **Basis of preparation** The financial statements have been prepared in accordance with 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 if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. ## **Change in basis of accounting or to previous accounts** There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. ## **Fund accounting** Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. - Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. - Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. ## **Income** - Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. - Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. - Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. - Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets Page 7 **The Brave and Determined Charity Notes to the Accounts** ## **Expenditure** - Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. - Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. - Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. - Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. - Other expenditure These are support costs not allocated to a particular activity. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Freehold investment property** Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise. ## **Stocks** Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market. ## **Trade and other debtors** Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **Cash and cash equivalents** Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. ## **Trade and other creditors** Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Page 8 **The Brave and Determined Charity Notes to the Accounts** ## **Research and development** Expenditure on research and development is written off in the year in which it is incurred. ## **Foreign currencies** Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net income/expenditure. ## **Leased assets** Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases. Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis. ## **Pension costs** The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds. ## **Receipt of donated goods, facilities and services** All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity. Page 9 **The Brave and Determined Charity** ## **Notes to the Accounts** ## 2 **Statement of Financial Activities - prior year** |2
**Statement of Financial Activities - prior year**|||| |---|---|---|---| |**Income and endowments from:**
Donations and legacies
Other trading activities
**Total**
**Expenditure on:**
Raising funds
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
**Total funds carried forward**
3
**Income from donations and legacies**
4
**Income from other trading activities**
Sponsorship
5
**Expenditure on raising funds**
_Costs of generating voluntary_
_income_|**Unrestricted**
**£**
47,886
47,886
**Unrestricted**
**£**
162
162
**Unrestricted**
**£**
25,230
25,230|**Unrestricted**
**funds**
**2024**
**£**
48,883
100
48,983
12,963
345
13,308
35,675
35,675
35,675
35,675
**Total**
**2025**
**£**
47,886
47,886
**Total**
**2025**
**£**
162
162
**Total**
**2025**
**£**
25,230
25,230|**Total funds**
**2024**
**£**
48,883
100| ||||48,983
12,963
345| ||||13,308| ||||35,675| ||||35,675| ||||35,675| ||||35,675| ||||**Total**
**2024**
**£**
48,883| ||||48,883| ||||**Total**
**2024**
**£**
100| ||||100| ||||**Total**
**2024**
**£**
12,963| ||||12,963| Page 10 **The Brave and Determined Charity Notes to the Accounts** ## 6 **Other expenditure** |Premises costs
General administrative costs
7
**Staff costs**
No employee received emoluments in excess
8
**Tangible fixed assets**
**Cost or revaluation**
Additions
At 31 March 2025
**Net book values**
At 31 March 2025
9
**Movement in funds**
**Restricted funds:**
**Unrestricted funds:**
**General funds**
**Total funds**
10 **Analysis of net assets between funds**
Fixed assets
Net current assets|of £60,000.
**At 1 April**
**2024**
35,675
35,675|**Unrestricted**
**£**
573
473
1,046
**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
48,048
48,048|**Total**
**2025**
**£**
573
473
1,046
**£**
1,511
1,511
1,511
**Resources**
**expended**
**£**
(26,276)
(26,276)
**Unrestricted**
**funds**
**£**
1,511
55,936
57,447|**Total**
**2024**
**£**
-
345| |---|---|---|---|---| |||||345| |||||**£**
1,511| |||||1,511| |||||1,511| |||||**At 31**
**March**
**2025**
**£**
57,447| |||||57,447| |||||**Total**
**£**
1,511
55,936| |||||57,447| Page 11 **The Brave and Determined Charity Notes to the Accounts** ## 11 **Reconciliation of net debt** |**Reconciliation of net debt**|||| |---|---|---|---| |Cash and cash equivalents
Net debt|**At 1 April**
**2024**
**£**|**Cash flows**
**£**|**At 31**
**March**
**2025**
**£**| ||35,675|20,261|55,936| ||35,675
35,675|20,261
20,261|55,936| ||||55,936| Page 12 **The Brave and Determined Charity Statement of Cash flows** **for the year ended 31 March 2025** |**Cash flows from operating activities**
**Net income per Statement of Financial Activities**
**Net cash provided by operating activities**
**Cash flows from investing activities**
Payments for property, plant and equipment
**Net cash used in investing activities**
**Net cash from financing activities**
**Net increase in cash and cash equivalents**
**Cash and cash equivalents at the beginning of the year**
**Cash and cash equivalents at the end of the year**|**2025**
**£**
21,772
21,772
(1,511)
(1,511)
-
20,261
35,675
55,936|**2024**
**£**
35,675| |---|---|---| |||35,675
-| |||-| |||| |||-| |||| |||35,675| |||-| |||35,675| |||| |**Components of cash and cash equivalents**||| |Cash and bank balances|55,936|35,675| |||| ||55,936|35,675| Page 13 **The Brave and Determined Charity Detailed Statement of Financial Activities** ## **for the year ended 31 March 2025** |**Income and endowments from:**
Donations and legacies
Other trading activities
Sponsorship
**Total income and endowments**
**Expenditure on:**
Costs of generating donations and
legacies
**Total of expenditure on raising**
**funds**
Premises costs
Rent
General administrative costs,
including depreciation and
amortisation
Software, IT support and related
costs
Subscriptions
Sundry expenses
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net income**
**Net income before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**|**Unrestricted**
**funds**
**2025**
**£**
47,886
47,886
162
162
48,048
25,230
25,230
25,230
573
573
292
72
109
473
1,046
26,276
-
21,772
21,772
-
21,772|**Total funds**
**2025**
**£**
47,886
47,886
162
162
48,048
25,230
25,230
25,230
573
573
292
72
109
473
1,046
26,276
-
21,772
21,772
-
21,772|**Total funds**
**2024**
**£**
48,883| |---|---|---|---| ||||48,883| ||||100| ||||100| ||||48,983
12,963| ||||12,963| ||||12,963
-| ||||-| ||||312
-
33| ||||345| ||||345| ||||13,308
-| ||||35,675| ||||35,675
-| ||||35,675| ||||| Page 14 |Total funds brought forward
**Total funds carried forward**
**The Brave and Determined Charity**
**Detailed Statement of Financial Activities**|35,675
57,447|35,675
57,447|-| |---|---|---|---| ||||35,675| Page 15 ## **The Brave and Determined Charity** ## **Charity No. 1202749** ## **Trustees' Report and Unaudited Accounts** **31 March 2025** **The Brave and Determined Charity Contents** ||Pages| |---|---| |Trustees' Annual Report|2 to 3| |Independent Examiner's Report|4| |Statement of Financial Activities|5| |Balance Sheet|6| |Statement of Cash flows|13| |Notes to the Accounts|7 to 12| |Detailed Statement of Financial Activities|14 to 15| Page 1 **The Brave and Determined Charity Trustees Annual Report** The trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2025. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Charity No. 1202749** ## **Principal Office** Unit 2 Wessex House Wincombe Lane Shaftesbury Dorset SP7 8PJ ## **Trustees** The following trustees served during the year: T. Belmont (Resigned 30 November 2024) A. Collins C. Green A. Harvey R. Holmes W. Jones ## **Accountants** TS Accounting 20 Kingsmead Business Park Gillingham Dorset SP8 5FB ## **Statement of trustees' responsibilities in relation to the financial statements** The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the charity's trustees Page 2 **The Brave and Determined Charity Trustees Annual Report** C. Green Trustee 31 March 2025 Page 3 ## **The Brave and Determined Charity** ## **Independent Examiners Report** ## **Independent Examiner's Report to the trustees of The Brave and Determined Charity** I report to the trustees on my examination of the financial statements of The Brave and Determined Charity for the year ended 31 March 2025. ## **Responsibilities and basis of report** As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - the accounting records were not kept in respect of the charity as required by section 130 of the Act; or - the financial statements do not accord with those records; or - the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination. 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 financial statements to be reached. B Kemp MAAT TS Accounting 20 Kingsmead Business Park Gillingham Dorset SP8 5FB 31 March 2025 Page 4 **The Brave and Determined Charity Statement of Financial Activities** ## **for the year ended 31 March 2025** |**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
Other trading activities
4
**Total**
**Expenditure on:**
Raising funds
5
Other
6
**Total**
Net gains on investments
**Net income**
Transfers between funds
**Net income before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**|**Total funds**|**Total funds**| |---|---|---|---| ||**2025**|**2025**|**2024**| ||**£**|**£**|**£**| ||||| ||47,886|47,886|48,883| ||162|162|100| ||48,048|48,048|48,983| ||||| ||25,230|25,230|12,963| ||1,046|1,046|345| ||26,276|26,276|13,308| ||-|-|-| ||21,772|21,772|35,675| ||-|-|-| ||21,772|21,772|35,675| ||||| ||21,772|21,772|35,675| ||||| ||35,675|35,675|-| ||57,447|57,447|35,675| ||||| ||||| ||||| Page 5 **The Brave and Determined Charity Balance Sheet** ## **at 31 March 2025** |**Charity No. 1202749**
**Fixed assets**
Tangible assets
8
**Current assets**
Cash at bank and in hand
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset or liability**
**Total net assets**
**The funds of the charity**
**Restricted funds**
9
**Unrestricted funds**
9
General funds
**Reserves**
9
**Total funds**|**2025**
**£**
1,511
1,511
55,936
55,936
55,936
57,447
57,447
57,447
57,447
57,447
57,447|**2024**
**£**
-| |---|---|---| |||-
35,675| |||35,675| |||35,675
35,675| |||35,675| |||35,675| |||35,675| |||35,675| |||35,675| Approved by the trustees on 31 March 2025 And signed on their behalf by: C. Green Trustee 31 March 2025 Page 6 **The Brave and Determined Charity Notes to the Accounts** ## **for the year ended 31 March 2025** - 1 **Accounting policies** ## **Basis of preparation** The financial statements have been prepared in accordance with 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 if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. ## **Change in basis of accounting or to previous accounts** There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. ## **Fund accounting** Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. - Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. - Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. ## **Income** - Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. - Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. - Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. - Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets Page 7 **The Brave and Determined Charity Notes to the Accounts** ## **Expenditure** - Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. - Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. - Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. - Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. - Other expenditure These are support costs not allocated to a particular activity. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Freehold investment property** Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise. ## **Stocks** Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market. ## **Trade and other debtors** Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **Cash and cash equivalents** Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. ## **Trade and other creditors** Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Page 8 **The Brave and Determined Charity Notes to the Accounts** ## **Research and development** Expenditure on research and development is written off in the year in which it is incurred. ## **Foreign currencies** Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net income/expenditure. ## **Leased assets** Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases. Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis. ## **Pension costs** The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds. ## **Receipt of donated goods, facilities and services** All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity. Page 9 **The Brave and Determined Charity** ## **Notes to the Accounts** ## 2 **Statement of Financial Activities - prior year** |2
**Statement of Financial Activities - prior year**|||| |---|---|---|---| |**Income and endowments from:**
Donations and legacies
Other trading activities
**Total**
**Expenditure on:**
Raising funds
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
**Total funds carried forward**
3
**Income from donations and legacies**
4
**Income from other trading activities**
Sponsorship
5
**Expenditure on raising funds**
_Costs of generating voluntary_
_income_|**Unrestricted**
**£**
47,886
47,886
**Unrestricted**
**£**
162
162
**Unrestricted**
**£**
25,230
25,230|**Unrestricted**
**funds**
**2024**
**£**
48,883
100
48,983
12,963
345
13,308
35,675
35,675
35,675
35,675
**Total**
**2025**
**£**
47,886
47,886
**Total**
**2025**
**£**
162
162
**Total**
**2025**
**£**
25,230
25,230|**Total funds**
**2024**
**£**
48,883
100| ||||48,983
12,963
345| ||||13,308| ||||35,675| ||||35,675| ||||35,675| ||||35,675| ||||**Total**
**2024**
**£**
48,883| ||||48,883| ||||**Total**
**2024**
**£**
100| ||||100| ||||**Total**
**2024**
**£**
12,963| ||||12,963| Page 10 **The Brave and Determined Charity Notes to the Accounts** ## 6 **Other expenditure** |Premises costs
General administrative costs
7
**Staff costs**
No employee received emoluments in excess
8
**Tangible fixed assets**
**Cost or revaluation**
Additions
At 31 March 2025
**Net book values**
At 31 March 2025
9
**Movement in funds**
**Restricted funds:**
**Unrestricted funds:**
**General funds**
**Total funds**
10 **Analysis of net assets between funds**
Fixed assets
Net current assets|of £60,000.
**At 1 April**
**2024**
35,675
35,675|**Unrestricted**
**£**
573
473
1,046
**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
48,048
48,048|**Total**
**2025**
**£**
573
473
1,046
**£**
1,511
1,511
1,511
**Resources**
**expended**
**£**
(26,276)
(26,276)
**Unrestricted**
**funds**
**£**
1,511
55,936
57,447|**Total**
**2024**
**£**
-
345| |---|---|---|---|---| |||||345| |||||**£**
1,511| |||||1,511| |||||1,511| |||||**At 31**
**March**
**2025**
**£**
57,447| |||||57,447| |||||**Total**
**£**
1,511
55,936| |||||57,447| Page 11 **The Brave and Determined Charity Notes to the Accounts** ## 11 **Reconciliation of net debt** |**Reconciliation of net debt**|||| |---|---|---|---| |Cash and cash equivalents
Net debt|**At 1 April**
**2024**
**£**|**Cash flows**
**£**|**At 31**
**March**
**2025**
**£**| ||35,675|20,261|55,936| ||35,675
35,675|20,261
20,261|55,936| ||||55,936| Page 12 **The Brave and Determined Charity Statement of Cash flows** **for the year ended 31 March 2025** |**Cash flows from operating activities**
**Net income per Statement of Financial Activities**
**Net cash provided by operating activities**
**Cash flows from investing activities**
Payments for property, plant and equipment
**Net cash used in investing activities**
**Net cash from financing activities**
**Net increase in cash and cash equivalents**
**Cash and cash equivalents at the beginning of the year**
**Cash and cash equivalents at the end of the year**|**2025**
**£**
21,772
21,772
(1,511)
(1,511)
-
20,261
35,675
55,936|**2024**
**£**
35,675| |---|---|---| |||35,675
-| |||-| |||| |||-| |||| |||35,675| |||-| |||35,675| |||| |**Components of cash and cash equivalents**||| |Cash and bank balances|55,936|35,675| |||| ||55,936|35,675| Page 13 **The Brave and Determined Charity Detailed Statement of Financial Activities** ## **for the year ended 31 March 2025** |**Income and endowments from:**
Donations and legacies
Other trading activities
Sponsorship
**Total income and endowments**
**Expenditure on:**
Costs of generating donations and
legacies
**Total of expenditure on raising**
**funds**
Premises costs
Rent
General administrative costs,
including depreciation and
amortisation
Software, IT support and related
costs
Subscriptions
Sundry expenses
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net income**
**Net income before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**|**Unrestricted**
**funds**
**2025**
**£**
47,886
47,886
162
162
48,048
25,230
25,230
25,230
573
573
292
72
109
473
1,046
26,276
-
21,772
21,772
-
21,772|**Total funds**
**2025**
**£**
47,886
47,886
162
162
48,048
25,230
25,230
25,230
573
573
292
72
109
473
1,046
26,276
-
21,772
21,772
-
21,772|**Total funds**
**2024**
**£**
48,883| |---|---|---|---| ||||48,883| ||||100| ||||100| ||||48,983
12,963| ||||12,963| ||||12,963
-| ||||-| ||||312
-
33| ||||345| ||||345| ||||13,308
-| ||||35,675| ||||35,675
-| ||||35,675| ||||| Page 14 |Total funds brought forward
**Total funds carried forward**
**The Brave and Determined Charity**
**Detailed Statement of Financial Activities**|35,675
57,447|35,675
57,447|-| |---|---|---|---| ||||35,675| Page 15