**REGISTERED CHARITY NUMBER: 298574** ## **REPORT OF THE TRUSTEES AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023** ## **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 2023** |||**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 2023** The trustees present their report with the financial statements of the charity for the year ended 30 September 2023. 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: 1. To aid children suffering from physical and/or mental handicap and to try to prevent such handicap occurring. 2. 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. 4. 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, ladies quiz lunch, bridge lunch, guest speaker, royal academy and butler blue. ## **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. ## **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. Page 1 **BREAKAWAY CHARITY COMMITTEE** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023** ## **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 I Nissim Mrs E Grant Mr G Grant Mrs P Morris Mr G Goodman Mr R Miller ## **Independent Examiner** Thrasos Vassiliades EA Chartered Accountants 869 High Road London N12 8QA ## **Bankers** Metro Bank PLC One Southampton Row London England WC1B 5HA Page 2 **BREAKAWAY CHARITY COMMITTEE** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023** ## **REFERENCE AND ADMINISTRATIVE DETAILS** **Solicitors** Teacher Stern 37-41 Bedford Row WC1R 4JH ## **CHARITABLE DONATIONS** During the year under review, the charity donated £40,306 (2022: £19,622) to charitable causes. Approved by order of the board of trustees on 30 May 2024 and signed on its behalf by: Mr G Goodman - Trustee Page 3 ## **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 2023. ## **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: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. 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 EA Chartered Accountants 869 High Road London N12 8QA 30 May 2024 Page 4 **BREAKAWAY CHARITY COMMITTEE** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2023** |2023
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
6,206
Other trading activities
3
58,587
**Total**
64,793
**EXPENDITURE ON**
Raising funds
4
27,293
**Charitable activities**
5
Charitable pledges payable
40,306
**Total**
67,599
**NET INCOME/(EXPENDITURE)**
(2,806)
**RECONCILIATION OF FUNDS**
Total funds brought forward
42,540
**TOTAL FUNDS CARRIED FORWARD**
39,734|2022
Total
funds
£
5,420
56,450
61,870
23,154
16,301
39,455
22,415
20,125
42,540| |---|---| The notes form part of these financial statements Page 5 **BREAKAWAY CHARITY COMMITTEE** ## **STATEMENT OF FINANCIAL POSITION 30 SEPTEMBER 2023** |2023
Unrestricted
fund
Notes
£
**CURRENT ASSETS**
Debtors
9
-
Cash at bank
74,126
74,126
**CREDITORS**
Amounts falling due within one year
10
(34,392)
**NET CURRENT ASSETS**
39,734
**TOTAL ASSETS LESS CURRENT LIABILITIES**
39,734
**NET ASSETS**
39,734
**FUNDS**
11
Unrestricted funds
39,734
**TOTAL FUNDS**
39,734|2022
Total
funds
£
210
54,047
54,257
(11,717)
42,540
42,540
42,540
42,540
42,540| |---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 30 May 2024 and were signed on its behalf by: Mr I Nissim - Trustee Mr G Goodman - Trustee The notes form part of these financial statements Page 6 **BREAKAWAY CHARITY COMMITTEE** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023** ## **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 board has determined that there is no material uncertainty that casts doubt on the charity's ability to continue as a going concern. The financial statements are presented in Sterling, which is also the functional currency of the charity. ## **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
Guest Speaker
Royal Academy|2023
£
6,206
2023
£
36,220
6,447
-
6,103
4,251
4,966
600
58,587|2022
£
5,420
2022
£
39,216
6,333
165
6,316
-
4,420
-
56,450| |---|---|---| Page 7 continued... **BREAKAWAY CHARITY COMMITTEE** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023** ## **4. RAISING FUNDS** ## **Raising donations and legacies** |Support costs
**Other trading activities**
Golf Day
Ladies Quiz Lunch
Main Quiz
Bridge Evening
Bridge Lunch
Guest Speaker
Support costs
Aggregate amounts|2023
£
3,600
2023
£
12,543
3,261
3,471
-
1,926
1,709
783
23,693
27,293|2022
£
4,147
2022
£
12,541
2,740
3,651
75
-
-
-
19,007
23,154| |---|---|---| ## **5.** ## **CHARITABLE ACTIVITIES COSTS** Charitable pledges payable - £40,306 (2022: £19,622) ## **6. SUPPORT COSTS** |Raising donations and legacies|Governance
costs
£
3,600| |---|---| |Other trading activities|783| ||4,383| ## **7. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 30 September 2023 nor for the year ended 30 September 2022. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 30 September 2023 nor for the year ended 30 September 2022. Page 8 continued... **BREAKAWAY CHARITY COMMITTEE** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023** |**8.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|||| |---|---|---|---|---|---| ||||||Unrestricted| ||||||fund| ||||||£| ||**INCOME AND ENDOWMENTS FROM**||||| ||Donations and legacies||||5,420| ||Other trading activities||||56,450| ||**Total**||||61,870| ||**EXPENDITURE ON**||||| ||Raising funds||||23,154| ||**Charitable activities**||||| ||Charitable pledges payable||||16,301| ||**Total**||||39,455| ||**NET INCOME**||||22,415| ||**RECONCILIATION OF FUNDS**||||| ||Total funds brought forward||||20,125| ||**TOTAL FUNDS CARRIED FORWARD**||||42,540| |**9.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||| ||Prepayments and accrued income||2023
£|-|2022
£
210| |**10.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||| ||Charitable pledges||2023
£
30,792||2022
£
8,217| ||Other creditors||3,600||3,500| ||||34,392||11,717| |**11.**|**MOVEMENT IN FUNDS**||||| ||**Unrestricted funds**|At
1.10.22
£|Net
movement
in funds
£||At
30.9.23
£| ||General fund|42,540|(2,806)||39,734| ||**TOTAL FUNDS**|42,540|(2,806)||39,734| ||||||| Page 9 continued... **BREAKAWAY CHARITY COMMITTEE** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023** ## **11. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|64,793|(67,599)|(2,806)| |**TOTAL FUNDS**|64,793|(67,599)|(2,806)| |**Comparatives for movement in funds**|||| |**Unrestricted funds**|At
1.10.21
£|Net
movement
in funds
£|At
30.9.22
£| |General fund|20,125|22,415|42,540| |**TOTAL FUNDS**|20,125|22,415|42,540| |Comparative net movement in funds, included in the above are as follows:|||| |**Unrestricted funds**|Incoming
resources
£|Resources
expended
£|Movement
in funds
£| |General fund|61,870|(39,455)|22,415| |**TOTAL FUNDS**|61,870|(39,455)|22,415| A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Net
At
movement
At
1.10.21
in funds
30.9.23
£
£
£
20,125
19,609
39,734
20,125
19,609
39,734| |---|---| Page 10 continued... **BREAKAWAY CHARITY COMMITTEE** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023** ## **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|126,663|(107,054)|19,609| |**TOTAL FUNDS**|126,663|(107,054)|19,609| ||||| ## **12. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 30 September 2023. Page 11 **BREAKAWAY CHARITY COMMITTEE** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2023** ||2023|2022| |---|---|---| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Donations and Gift Aid receipt|6,206|5,420| |**Other trading activities**||| |Golf Day|36,220|39,216| |Ladies Quiz Lunch|6,447|6,333| |Bridge Evening|-|165| |Main Quiz|6,103|6,316| |Bridge Lunch|4,251|-| |Guest Speaker|4,966|4,420| |Royal Academy|600|-| ||58,587|56,450| |**Total incoming resources**|64,793|61,870| |**EXPENDITURE**||| |**Other trading activities**||| |Golf Day|12,543|12,541| |Ladies Quiz Lunch|3,261|2,740| |Main Quiz|3,471|3,651| |Bridge Evening|-|75| |Bridge Lunch|1,926|-| |Guest Speaker|1,709|-| |**Charitable activities**|22,910|19,007| |Charitable Pledges Payable|40,306|16,301| |**Support costs**||| |**Governance costs**||| |Insurance|368|-| |Postage and stationery|300|-| |Accountancy and legal fees|3,604|4,004| |Bank charges|111|143| ||4,383|4,147| |Total resources expended|67,599|39,455| |**Net (expenditure)/income**|(2,806)|22,415| |||| This page does not form part of the statutory financial statements Page 12