REGISTERED COMPANY NUMBER: CE032871 (England and Wales) REGISTERED CHARITY NUMBER: 1203851
Report of the Trustees and Unaudited Financial Statements for the Year Ended 9 September 2025
for Broken Planet Foundation CIO
Ground Control Business Management St Johns House 16 Church Street Bromsgrove Worcestershire B61 8DN
Broken Planet Foundation CIO
Contents of the Financial Statements for the Year Ended 9 September 2025
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Page
Reference and Administrative Details 1
Report of the Trustees 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 8
Detailed Statement of Financial Activities 9
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Broken Planet Foundation CIO
Reference and Administrative Details for the Year Ended 9 September 2025
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TRUSTEES L Zvikas
I Narbutaite
R Daraskeviciene
REGISTERED OFFICE 2nd Floor
60-66 Wardour Street
London
W1F 0TA
REGISTERED COMPANY NUMBER CE032871 (England and Wales)
REGISTERED CHARITY NUMBER 1203851
INDEPENDENT EXAMINER Ground Control Business Management
St Johns House
16 Church Street
Bromsgrove
Worcestershire
B61 8DN
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Page 1
Broken Planet Foundation CIO
Report of the Trustees for the Year Ended 9 September 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 9 September 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
The charitable incorporated organisation's objectives are to support micro-community projects in climate risk regions around the world for public benefit, with a strong focus on Africa and Asia. They also focus their efforts on supporting young Londoners from deprived areas/upbringings.
The CIO will provide grants, items and services to individuals or organisations working to protect the natural environment prone to the climate emergency, with an exclusive focus on deforestation and pollution. The CIO also has a focus around development of the youth in London, particularly from deprived areas.
During the accounting period Broken Planet Foundation CIO collaborated with The New Horizon Youth Centre, a charity that supports young Londoners to give them a potential home.
FINANCIAL REVIEW
The trustees have a reasonable expectation that the charity will continue in existence for the foreseeable future and have, therefore, used the going concern basis in preparing the financial statements.
The charity is dependent upon donations from members of the general public and business associates.
Total income during the period was £12,000. This was from Broken Planet Market Ltd donations. Total expenditure during the period was £13,957; with £12,000 being spent on assisting with youth development.
The charity operates without a reserves policy.
FUTURE PLANS
The charity adopts a cautious and sustainable expenditure policy to support activities in pursuit of it's objectives.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Nature of governing document
The charity is a charitable incorporated organisation and is governed by its constitution.
Recruitment and appointment of new trustees
Trustees are appointed by the existing trustees. The constitution requires the charity to have a minimum of three trustees.
Organisational structure
The trustees meet when required and make all decisions for the charity. Decisions may also be made in writing or in electronic form with the agreement of the majority of the trustees.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.............................................................................. R Daraskeviciene - Trustee
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Independent Examiner's Report to the Trustees of Broken Planet Foundation CIO
Independent examiner's report to the trustees of Broken Planet Foundation CIO ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 9 September 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
James Plumbly FCCA
Ground Control Business Management St Johns House 16 Church Street Bromsgrove Worcestershire B61 8DN
Date: .............................................
Page 3
Broken Planet Foundation CIO
Statement of Financial Activities
for the Year Ended 9 September 2025
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies |
Year Ended 9/9/25 Unrestricted fund £ 12,000 |
Period 5/7/23 to 9/9/24 Total funds £ 81,000 |
|---|---|---|
| EXPENDITURE ON Charitable activities Sustainability projects - Coral Homelessness projects - NHYC Other |
- 12,000 1,957 |
78,988 - 1,583 |
| Total | 13,957 | 80,571 |
| NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward |
(1,957) 429 |
429 - |
| TOTAL FUNDS CARRIED FORWARD | (1,528) | 429 |
The notes form part of these financial statements
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Broken Planet Foundation CIO
Balance Sheet
9 September 2025
| Notes CURRENT ASSETS Cash at bank 4 CREDITORS Amounts falling due within one year 5 |
2025 2024 Unrestricted Total fund funds £ £ 1,472 1,929 (3,000) (1,500) |
|---|---|
| NET CURRENT ASSETS/(LIABILITIES) | (1,528) 429 |
| TOTAL ASSETS LESS CURRENT LIABILITIES | (1,528) 429 |
| NET ASSETS | (1,528) 429 |
| FUNDS 6 Unrestricted funds |
(1,528) 429 |
| TOTAL FUNDS | (1,528) 429 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 9 September 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 9 September 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. R Daraskeviciene - Trustee
The notes form part of these financial statements
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Broken Planet Foundation CIO
Notes to the Financial Statements for the Year Ended 9 September 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Going concern
The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 9 September 2025 nor for the period ended 9 September 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 9 September 2025 nor for the period ended 9 September 2024.
continued...
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Broken Planet Foundation CIO
Notes to the Financial Statements - continued for the Year Ended 9 September 2025
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| 3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
|||
|---|---|---|---|
| INCOME AND ENDOWMENTS FROM Donations and legacies |
Unrestricted fund £ 81,000 |
||
| EXPENDITURE ON Charitable activities Sustainability projects - Coral Other |
78,988 1,583 |
||
| Total | 80,571 | ||
| NET INCOME | 429 | ||
| TOTAL FUNDS CARRIED FORWARD | 429 | ||
| 4. CASH AT BANK Bank account no. 1 |
2025 Total funds £ 1,472 |
2024 Total funds £ 1,929 |
|
| Total | 1,472 | 1,929 | |
| 5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accruals and deferred income |
2025 £ 3,000 |
2024 £ 1,500 |
|
| 6. MOVEMENT IN FUNDS Unrestricted funds General fund |
At 10/9/24 £ 429 |
Net movement in funds £ (1,957) |
At 9/9/25 £ (1,528) |
| TOTAL FUNDS | 429 | (1,957) | (1,528) |
continued...
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Broken Planet Foundation CIO
Notes to the Financial Statements - continued for the Year Ended 9 September 2025
6. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund |
Incoming resources £ 12,000 |
Resources expended £ (13,957) |
Movement in funds £ (1,957) |
|---|---|---|---|
| TOTAL FUNDS | 12,000 | (13,957) | (1,957) |
| Comparatives for movement in funds Unrestricted funds General fund |
Net movement in funds £ 429 |
At 9/9/24 £ 429 |
|
| TOTAL FUNDS | 429 | 429 | |
| Comparative net movement in funds, included in the above are as follows: Unrestricted funds General fund |
Incoming resources £ 81,000 |
Resources expended £ (80,571) |
Movement in funds £ 429 |
| TOTAL FUNDS | 81,000 | (80,571) | 429 |
7. RELATED PARTY DISCLOSURES
During the accounting period ending 9 September 2025 £12,000 was received from Broken Planet Market Ltd (2024: £81,000), a company which I Narbutaite and L Zvikas are shareholders.
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Broken Planet Foundation CIO
Detailed Statement of Financial Activities for the Year Ended 9 September 2025
| INCOME AND ENDOWMENTS Donations and legacies Donations |
Year Ended 9/9/25 £ 12,000 |
Period 5/7/23 to 9/9/24 £ 81,000 |
|---|---|---|
| Total incoming resources EXPENDITURE Charitable activities Sustainability projects Support costs Finance Bank charges Governance costs Accountancy and legal fees |
12,000 12,000 457 1,500 |
81,000 78,989 82 1,500 |
| Total resources expended | 13,957 | 80,571 |
| Net (expenditure)/income | (1,957) | 429 |
This page does not form part of the statutory financial statements
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