REGISTERED CHARITY NUMBER: 298574
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
FOR
BREAKAWAY CHARITY COMMITTEE
EA Chartered Accountants 869 High Road London N12 8QA
BREAKAWAY CHARITY COMMITTEE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Statement of Financial Position | 6 | ||
| Notes to the Financial Statements | 7 | to | 11 |
| Detailed Statement of Financial Activities | 12 |
BREAKAWAY CHARITY COMMITTEE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2021
The trustees present their report with the financial statements of the charity for the year ended 30 September 2021. 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
Objectives and aims
The objectives and aims of the charity are:
-
To aid children suffering from physical and/or mental handicap and to try to prevent such handicap occurring.
-
To raise funds by donations or otherwise provided that the committee shall not undertake trading activities in raising funds for the above object.
3.To make donations which may be in the form of (goods, services or money) to any home, day centre or hospital without regard of the race, creed or religion of the recipients.
- To do all such other things as shall further the above object.
Significant activities
The charity's significant activities are the fundraising events including the golf day, quiz night and ladies quiz lunch.
Public benefit
The trustees confirm that they have complied with their duty to have regard to the guidance on public benefit published by the Charity Commission in exercising their function.
Volunteers
All trustees perform their duties on a voluntary basis.
ACHIEVEMENT AND PERFORMANCE
The results for the financial year of the charity are shown in the annexed financial statements. The trustees are pleased with the overall performance of the charity in the current year.
FINANCIAL REVIEW
Principal funding sources
The charity generates income from a variety of sources, principally related to leisure activities in which donors and supporters contribute and partake. The majority of income is derived from general donations and fundraising activities throughout the year which generate substantial income.
Reserves policy
The trustees reserves policy is to donate surpluses to worthwhile causes that meet the criteria.
FUTURE PLANS
The Charities Board's aim is to continue to endeavour to raise funds to purchase equipment to enable the children with disabilities and their carers to have a more fulfilling life.
The Charities Board acknowledges that due to the Covid-19 pandemic, the charity has seen a significant decline in functions and subsequent donations.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
All members of the charity are eligible to stand for election. The trustees will serve a term of 5 years. All trustees are familiar with the practical work of the charity.
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BREAKAWAY CHARITY COMMITTEE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
The charity is governed by its trustees who comprise the Board. The Board comprises of the elected members of the unincorporated body known as Breakaway Charity Committee (Registered Charity No. 298574).
The members of the charity are the persons serving on the Board. Each person who is a member of the Community Board shall, at the time of his appointment to the Board, become a member of the charity and on ceasing to be a member of the Board, for any reason, shall at the same cease to be a member of the charity.
The Board meets 12 times a year to administer the affairs of the charity. The Board elect a Chairman, a Vice-Chairman, a Treasurer and a Secretary to carry out day-to-day functions.
The Board appoints sub-committees to develop, administer and promote fund raising and charitable causes.
Induction and training of new trustees
All trustees are briefed on their legal obligations under charity law, the committee and decision making processes, the projections, and recent financial performance of the charity. At the first board meeting the trustees will elect the Chair, Treasurer and Secretary. The Chair co-ordinates all the charity's activities including meetings, functions and fund raising committees liaises with the staff.
The Treasurer maintains the financial records, management reports, and prepares budgets.
The Secretary maintains the minutes and correspondence.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number 298574
Principal address
1 The Rise Edgware Middlesex HA8 8NS
Trustees
Mr B Morris (resigned 15.12.20) Mr I Nissim Mrs E Grant Mr G Grant Mrs P Morris Mr G Goodman Mr R Miller (appointed 15.12.20)
Independent Examiner
Thrasos Vassiliades Institute of Chartered Accountants in England and Wales EA Chartered Accountants 869 High Road London N12 8QA
Bankers
Metro Bank PLC One Southampton Row London England WC1B 5HA
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BREAKAWAY CHARITY COMMITTEE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2021
REFERENCE AND ADMINISTRATIVE DETAILS
Solicitors Teacher Stern 37-41 Bedford Row WC1R 4JH
CHARITABLE DONATIONS
During the year under review, the charity donated £25,717 (2020: £19,190) to charitable causes.
Approved by order of the board of trustees on 31 March 2022 and signed on its behalf by:
Mr G Goodman - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BREAKAWAY CHARITY COMMITTEE
Independent examiner's report to the trustees of Breakaway Charity Committee
I report to the charity trustees on my examination of the accounts of Breakaway Charity Committee (the Trust) for the year ended 30 September 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all 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 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:
-
accounting records were not kept in respect of the Trust as required by section 130 of the 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 applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Thrasos Vassiliades Institute of Chartered Accountants in England and Wales EA Chartered Accountants 869 High Road London N12 8QA
31 March 2022
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BREAKAWAY CHARITY COMMITTEE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 53 Other trading activities 3 45,186 Investment income 4 3 Total 45,242 EXPENDITURE ON Raising funds 5 15,276 Charitable activities 6 Charitable pledges payable 25,217 Other - Total 40,493 NET INCOME 4,749 RECONCILIATION OF FUNDS Total funds brought forward 15,376 TOTAL FUNDS CARRIED FORWARD 20,125 |
2020 Total funds £ 9,644 22,966 32 |
|---|---|
| 32,642 8,931 19,190 3,886 |
|
| 32,007 | |
| 635 14,741 |
|
| 15,376 |
The notes form part of these financial statements
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BREAKAWAY CHARITY COMMITTEE
STATEMENT OF FINANCIAL POSITION 30 SEPTEMBER 2021
| 2021 Unrestricted fund Notes £ CURRENT ASSETS Cash at bank 39,288 CREDITORS Amounts falling due within one year 10 (19,163) NET CURRENT ASSETS 20,125 TOTAL ASSETS LESS CURRENT LIABILITIES 20,125 NET ASSETS 20,125 FUNDS 11 Unrestricted funds 20,125 TOTAL FUNDS 20,125 |
2020 Total funds £ 33,939 (18,563) |
|---|---|
| 15,376 | |
| 15,376 | |
| 15,376 | |
| 15,376 | |
| 15,376 |
The financial statements were approved by the Board of Trustees and authorised for issue on 31 March 2022 and were signed on its behalf by:
Mr I Nissim - Trustee
Mr G Goodman - Trustee
The notes form part of these financial statements
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BREAKAWAY CHARITY COMMITTEE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The Covid-19 pandemic has not significantly affected the charity after the balance sheet date, and the board has determined that there is no material uncertainty that casts doubt on the charity's ability to continue as a going concern.
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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from 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.
2. DONATIONS AND LEGACIES
3.
| Donations and Gift Aid receipt OTHER TRADING ACTIVITIES Golf Day Ladies Quiz Lunch Bridge Evening Main Quiz Bridge Lunch Annual Dinner |
2021 £ 53 2021 £ 38,636 - 1,915 - 4,635 - 45,186 |
2020 £ 9,644 2020 £ 2,620 6,804 945 7,143 2,954 2,500 |
|---|---|---|
| 22,966 |
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BREAKAWAY CHARITY COMMITTEE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021
4. INVESTMENT INCOME
| Interest Received 5. RAISING FUNDS Raising donations and legacies Support costs Other trading activities Golf Day Ladies Quiz Lunch Bingo Evening Main Quiz Bridge Evening Bridge Lunch Aggregate amounts 6. CHARITABLE ACTIVITIES COSTS Charitable pledges payable - £25,717 (2020: £19,190) 7. SUPPORT COSTS Raising donations and legacies Charitable pledges payable |
2021 2020 £ £ 3 32 2021 2020 £ £ 4,342 - 2021 2020 £ £ 10,475 588 - 2,861 - 440 - 3,170 158 - 301 1,872 10,934 8,931 15,276 8,931 Governance costs £ 4,342 (500) 3,842 |
|---|---|
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2021 nor for the year ended 30 September 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2021 nor for the year ended 30 September 2020.
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BREAKAWAY CHARITY COMMITTEE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021
| 9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities Investment income Total EXPENDITURE ON Raising funds Charitable activities Charitable pledges payable Other Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Charitable pledges Other creditors 11. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS |
Unrestricted fund £ 9,644 22,966 32 32,642 8,931 19,190 3,886 32,007 635 14,741 15,376 2021 2020 £ £ 16,163 14,870 3,000 3,693 19,163 18,563 Net At movement At 1.10.20 in funds 30.9.21 £ £ £ 15,376 4,749 20,125 15,376 4,749 20,125 |
|---|---|
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BREAKAWAY CHARITY COMMITTEE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021
11. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Incoming | Resources | Movement |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 45,242 | (40,493) | 4,749 |
| TOTAL FUNDS | 45,242 | (40,493) | 4,749 |
| Comparatives for movement in funds | |||
| Net | |||
| At | movement | At | |
| 1.10.19 | in funds | 30.9.20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 14,741 | 635 | 15,376 |
| TOTAL FUNDS | 14,741 | 635 | 15,376 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 32,642 | (32,007) | 635 |
| TOTAL FUNDS | 32,642 | (32,007) | 635 |
| A current year 12 months and prior year 12 months combined position is as follows: | |||
| Net | |||
| At | movement | At | |
| 1.10.19 | in funds | 30.9.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 14,741 | 5,384 | 20,125 |
| TOTAL FUNDS | 14,741 | 5,384 | 20,125 |
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BREAKAWAY CHARITY COMMITTEE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 77,884 | (72,500) | 5,384 |
| TOTAL FUNDS | 77,884 | (72,500) | 5,384 |
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 September 2021.
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BREAKAWAY CHARITY COMMITTEE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations and Gift Aid receipt | 53 | 9,644 |
| Other trading activities | ||
| Golf Day | 38,636 | 2,620 |
| Ladies Quiz Lunch | - | 6,804 |
| Bridge Evening | 1,915 | 945 |
| Main Quiz | - | 7,143 |
| Bridge Lunch | 4,635 | 2,954 |
| Annual Dinner | - | 2,500 |
| 45,186 | 22,966 | |
| Investment income | ||
| Interest Received | 3 | 32 |
| Total incoming resources | 45,242 | 32,642 |
| EXPENDITURE | ||
| Other trading activities | ||
| Golf Day | 10,475 | 588 |
| Ladies Quiz Lunch | - | 2,861 |
| Bingo Evening | - | 440 |
| Main Quiz | - | 3,170 |
| Bridge Evening | 158 | - |
| Bridge Lunch | 301 | 1,872 |
| 10,934 | 8,931 | |
| Charitable activities | ||
| Charitable Pledges Payable | 25,717 | 19,190 |
| Support costs | ||
| Governance costs | ||
| Insurance | 368 | 368 |
| Accountancy and legal fees | 3,336 | 3,282 |
| Bank charges | 138 | 236 |
| 3,842 | 3,886 | |
| Total resources expended | 40,493 | 32,007 |
| Net income | 4,749 | 635 |
This page does not form part of the statutory financial statements
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