REGISTERED CHARITY NUMBER: 298574
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
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 2024
| 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 2024
The trustees present their report with the financial statements of the charity for the year ended 30 September 2024. 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 objective.
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 objective.
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.
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BREAKAWAY CHARITY COMMITTEE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2024
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
Solicitors
Teacher Stern 37-41 Bedford Row WC1R 4JH
CHARITABLE DONATIONS
During the year under review, the charity donated £61,141 (2023: £40,306) to charitable causes.
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BREAKAWAY CHARITY COMMITTEE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2024
Approved by order of the board of trustees on 18 June 2025 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 2024.
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 2. 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
EA Chartered Accountants 869 High Road London N12 8QA
18 June 2025
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BREAKAWAY CHARITY COMMITTEE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024
| 2024 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 9,524 Other trading activities 3 55,923 Total 65,447 EXPENDITURE ON Raising funds 4 29,025 Charitable activities 5 Charitable pledges payable 61,141 Total 90,166 NET INCOME/(EXPENDITURE) (24,719) RECONCILIATION OF FUNDS Total funds brought forward 39,734 TOTAL FUNDS CARRIED FORWARD 15,015 |
2023 Total funds £ 6,206 58,587 64,793 27,293 40,306 67,599 (2,806) 42,540 39,734 |
|---|---|
The notes form part of these financial statements
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BREAKAWAY CHARITY COMMITTEE
STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024
| 2024 Unrestricted fund Notes £ CURRENT ASSETS Cash at bank 43,497 CREDITORS Amounts falling due within one year 9 (28,482) NET CURRENT ASSETS 15,015 TOTAL ASSETS LESS CURRENT LIABILITIES 15,015 NET ASSETS 15,015 FUNDS 10 Unrestricted funds 15,015 TOTAL FUNDS 15,015 |
2023 Total funds £ 74,126 (34,392) 39,734 39,734 39,734 39,734 39,734 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 18 June 2025 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 2024
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 2019)', 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.
The objective and aim of the charity is to aid children suffering from physical and/or mental handicap and to try to prevent handicap occuring. These take place through funds being raised through various functions taking place including golf days, quiz nights, quiz lunches and other lunches. As well as through receiving donations from various individuals.
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.
Analysis of staff costs and key management personnel
The average monthly head count was NIL (2023 - NIL)
Volunteers
The value of the services provided by volunteers is not incorporated into these financial statements.
The charity is supported by a dedicated team of volunteers who are responsible for fundraising activities and the overall governance of the organisation.
The efforts of the volunteer team have helped the charity continue its long-standing mission of providing essential equipment to children with disabilities, helping to improve their quality of life.
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BREAKAWAY CHARITY COMMITTEE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2024
2. DONATIONS AND LEGACIES
| Donations and Gift Aid receipt 3. OTHER TRADING ACTIVITIES Golf Day Ladies Quiz Lunch Main Quiz Bridge Lunch Guest Speaker Royal Academy 4. RAISING FUNDS Raising donations and legacies Support costs Other trading activities Golf Day Ladies Quiz Lunch Main Quiz Bridge Lunch Guest Speaker Support costs Aggregate amounts 5. CHARITABLE ACTIVITIES COSTS |
2024 £ 9,524 2024 £ 36,926 7,717 6,916 4,364 - - 55,923 2024 £ 315 2024 £ 12,425 3,700 4,095 1,942 1,926 4,622 28,710 29,025 |
2023 £ 6,206 2023 £ 36,220 6,447 6,103 4,251 4,966 600 58,587 2023 £ 3,600 2023 £ 12,543 3,261 3,471 1,926 1,709 783 23,693 27,293 |
|---|---|---|
Charitable pledges payable - £61,141 (2023: £40,306)
6. SUPPORT COSTS
| SUPPORT COSTS | |
|---|---|
| Raising donations and legacies | Governance costs £ 315 |
| Other trading activities | 4,622 |
| 4,937 |
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BREAKAWAY CHARITY COMMITTEE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2024
6. SUPPORT COSTS - continued
Other trading activities consists of £3,960 (2023: £3,600) independent examiner fees.
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2024 nor for the year ended 30 September 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2024 nor for the year ended 30 September 2023.
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities Total EXPENDITURE ON Raising funds Charitable activities Charitable pledges payable Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Charitable pledges Other creditors |
Unrestricted fund £ 6,206 58,587 64,793 27,293 40,306 67,599 (2,806) 42,540 39,734 2024 2023 £ £ 24,522 30,792 3,960 3,600 28,482 34,392 |
|---|---|
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BREAKAWAY CHARITY COMMITTEE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2024
10. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | |||
|---|---|---|---|
| Net | |||
| At | movement | At | |
| 1.10.23 | in funds | 30.9.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 39,734 | (24,719) | 15,015 |
| TOTAL FUNDS | 39,734 | (24,719) | 15,015 |
| Net movement in funds, included in the above are as follows: | |||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
| General fund | 65,447 | (90,166) | (24,719) |
| TOTAL FUNDS | 65,447 | (90,166) | (24,719) |
| Comparatives for 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 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
| General fund | 64,793 | (67,599) | (2,806) |
| TOTAL FUNDS | 64,793 | (67,599) | (2,806) |
| A current year 12 months and prior year 12 months combined position is as follows: | |||
| Unrestricted funds | At 1.10.22 £ |
Net movement in funds £ |
At 30.9.24 £ |
| General fund | 42,540 | (27,525) | 15,015 |
| TOTAL FUNDS | 42,540 | (27,525) | 15,015 |
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BREAKAWAY CHARITY COMMITTEE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2024
10. 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:
----- Start of picture text -----
|||||
|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|Unrestricted funds|
|General fund|130,240|(157,765)|(27,525)|
|TOTAL FUNDS|130,240|(157,765)|(27,525)|
----- End of picture text -----
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 September 2024.
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BREAKAWAY CHARITY COMMITTEE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations and Gift Aid receipt | 9,524 | 6,206 |
| Other trading activities | ||
| Golf Day | 36,926 | 36,220 |
| Ladies Quiz Lunch | 7,717 | 6,447 |
| Main Quiz | 6,916 | 6,103 |
| Bridge Lunch | 4,364 | 4,251 |
| Guest Speaker | - | 4,966 |
| Royal Academy | - | 600 |
| 55,923 | 58,587 | |
| Total incoming resources | 65,447 | 64,793 |
| EXPENDITURE | ||
| Other trading activities | ||
| Golf Day | 12,425 | 12,543 |
| Ladies Quiz Lunch | 3,700 | 3,261 |
| Main Quiz | 4,095 | 3,471 |
| Bridge Lunch | 1,942 | 1,926 |
| Guest Speaker | 1,926 | 1,709 |
| Charitable activities | 24,088 | 22,910 |
| Charitable Pledges Payable | 61,141 | 40,306 |
| Support costs | ||
| Governance costs | ||
| Insurance | 411 | 368 |
| Postage and stationery | 491 | 300 |
| Accountancy and legal fees | 3,864 | 3,604 |
| Bank charges | 171 | 111 |
| 4,937 | 4,383 | |
| Total resources expended | 90,166 | 67,599 |
| Net expenditure | (24,719) | (2,806) |
This page does not form part of the statutory financial statements
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