**REGISTERED COMPANY NUMBER: 109111 (Northern Ireland) REGISTERED CHARITY NUMBER: 109111** ## **Report of the Trustees and** **Unaudited Financial Statements for the Period 22 February 2023 to 28 February 2024** ## **for** ## **Breaker Breaker** S.M. Vint & Company Chartered Certified Accountants 8 Newry Road Banbridge Co. Down BT32 3HN **Breaker Breaker** **Contents of the Financial Statements for the Period 22 February 2023 to 28 February 2024** ||**Page**| |---|---| |**Report of the Trustees**|1| |**Statement of Financial Activities**|2| |**Balance Sheet**|3 to 4| |**Notes to the Financial Statements**|5 to 8| |**Detailed Statement of Financial Activities**|9 to 10| **Breaker Breaker** ## **Report of the Trustees for the Period 22 February 2023 to 28 February 2024** 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 period 22 February 2023 to 28 February 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). ## **INCORPORATION** The charitable company was incorporated on 29 September 2021. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Company number** 109111 (Northern Ireland) ## **Registered Charity number** 109111 ## **Registered office** 4 Wallace Park Dromore Co. Down BT25 1PW ## **Trustees** Mrs L Lyons Miss K P McAllister Mrs C McDonald ## **Company Secretary** Approved by order of the board of trustees on 7 May 2024 and signed on its behalf by: Mrs L Lyons - Trustee Page 1 **Breaker Breaker** ## **Statement of Financial Activities for the Period 22 February 2023 to 28 February 2024** **----- Start of picture text -----**
Unrestricted
fund
Notes £
INCOME AND ENDOWMENTS FROM
-
Donations and legacies
Charitable activities
Other Charitable Activities 10,000
Other trading activities 2 39,174
Total 49,174
EXPENDITURE ON
Charitable activities
Other Charitable Activities 31,259
NET INCOME 17,915
RECONCILIATION OF FUNDS
Total funds brought forward 24,550
TOTAL FUNDS CARRIED FORWARD 42,465
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The notes form part of these financial statements Page 2 **Breaker Breaker** ## **Balance Sheet 28 February 2024** **----- Start of picture text -----**
Unrestricted
fund
Notes £
FIXED ASSETS
Tangible assets 5 4,454
CURRENT ASSETS
Cash at bank 38,611
CREDITORS
Amounts falling due within one year 6 (600)
NET CURRENT ASSETS 38,011
TOTAL ASSETS LESS CURRENT
LIABILITIES 42,465
NET ASSETS 42,465
FUNDS 7
Unrestricted funds 42,465
TOTAL FUNDS 42,465
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2024. The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006. - The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (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. The notes form part of these financial statements Page 3 continued... **Breaker Breaker** ## **Balance Sheet - continued 28 February 2024** 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 7 May 2024 and were signed on its behalf by: L Lyons - Trustee C McDonald - Trustee The notes form part of these financial statements Page 4 **Breaker Breaker** ## **Notes to the Financial Statements for the Period 22 February 2023 to 28 February 2024** ## **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. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. ## **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. ## **Hire purchase and leasing commitments** Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. Page 5 continued... **Breaker Breaker** **Notes to the Financial Statements - continued for the Period 22 February 2023 to 28 February 2024** ## **1. ACCOUNTING POLICIES - continued** ## **Pension costs and other post-retirement benefits** The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## **2. OTHER TRADING ACTIVITIES** **----- Start of picture text -----**
||| |---|---| |£| |Fundraising events|830| |Sponsorships|10,750| |Donations|5,615| |Trade Shows|15,019| |Ticket Sales|6,960| |39,174| **----- End of picture text -----**
## **3. NET INCOME/(EXPENDITURE)** Net income/(expenditure) is stated after charging/(crediting): **----- Start of picture text -----**
||| |---|---| |£| |Depreciation - owned assets|1,134| |Hire of plant and machinery|1,545| |Other operating leases|209| **----- End of picture text -----**
## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the period ended 28 February 2024. ## **Trustees' expenses** There were no trustees' expenses paid for the period ended 28 February 2024. Page 6 continued... **Breaker Breaker** ## **Notes to the Financial Statements - continued for the Period 22 February 2023 to 28 February 2024** ## **5. TANGIBLE FIXED ASSETS** |**COST**
At 22 February 2023
Additions|Plant and
machinery
£
4,410
-|Fixtures
and
fittings
£
-
2,060|Totals
£
4,410
2,060| |---|---|---|---| |At 28 February 2024|4,410|2,060|6,470| |**DEPRECIATION**
At 22 February 2023
Charge for year|882
716|-
418|882
1,134| |At 28 February 2024|1,598|418|2,016| |**NET BOOK VALUE**
At 28 February 2024|2,812|1,642|4,454| |**6.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Accrued expenses|||£
600| |**7.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund|At
22.2.23
£
24,550|Net
movement
in funds
£
17,915|At
28.2.24
£
42,465| |**TOTAL FUNDS**|24,550|17,915|42,465| |Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
49,174||Resources
expended
£
(31,259)|Movement
in funds
£
17,915| |**TOTAL FUNDS**|49,174|(31,259)|17,915| Page 7 continued... **Breaker Breaker** ## **Notes to the Financial Statements - continued for the Period 22 February 2023 to 28 February 2024** ## **8. RELATED PARTY DISCLOSURES** There were no related party transactions for the period ended 28 February 2024. Page 8 **Breaker Breaker** **Detailed Statement of Financial Activities for the Period 22 February 2023 to 28 February 2024** **----- Start of picture text -----**
£
INCOME AND ENDOWMENTS
Donations and legacies
Gifts (1)
Donations 1
-
Other trading activities
Fundraising events 830
Sponsorships 10,750
Donations 5,615
Trade Shows 15,019
Ticket Sales 6,960
39,174
Charitable activities
Grants 10,000
Total incoming resources 49,174
EXPENDITURE
Charitable activities
Event Costs 13,752
Prizes 1,545
Repairs & Renewals 209
Subscriptions 9,881
Insurance 724
Postage and stationery 1,458
Sundries 511
Computer Costs 340
28,420
Support costs
Management
Plant and machinery 716
Fixtures and fittings 418
1,134
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This page does not form part of the statutory financial statements Page 9 **Breaker Breaker** ## **Detailed Statement of Financial Activities for the Period 22 February 2023 to 28 February 2024** **----- Start of picture text -----**
£
Management
Governance costs
Accountancy & Legal Fees 1,705
Total resources expended 31,259
Net income 17,915
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This page does not form part of the statutory financial statements Page 10