BRINK FOUNDATION CIC

Company limited by guarantee

Company Registration Number:
13505338 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

BRINK FOUNDATION CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

BRINK FOUNDATION CIC

Balance sheet

As at 31 March 2024

Notes 2024 8 months to 31 March 2023


£

£
Current assets
Debtors: 3 67,516 5,286
Cash at bank and in hand: 903,935 7,309
Total current assets: 971,451 12,595
Creditors: amounts falling due within one year: 4 ( 957,894 ) ( 17,336 )
Net current assets (liabilities): 13,557 (4,741)
Total assets less current liabilities: 13,557 ( 4,741)
Total net assets (liabilities): 13,557 (4,741)
Members' funds
Profit and loss account: 13,557 ( 4,741)
Total members' funds: 13,557 (4,741)

The notes form part of these financial statements

BRINK FOUNDATION CIC

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 3 September 2024
and signed on behalf of the board by:

Name: A Freeman
Status: Director

The notes form part of these financial statements

BRINK FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Income and expenses are included in the financial statements as they become receivable or due. Expenses include VAT where applicable as the company cannot reclaim it

    Other accounting policies

    Accounting convention These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. Cash and cash equivalents Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities Taxation The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.

BRINK FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 8 months to 31 March 2023
    Average number of employees during the period 0 0

BRINK FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Debtors

2024 8 months to 31 March 2023
£ £
Other debtors 67,516 5,286
Total 67,516 5,286

BRINK FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

2024 8 months to 31 March 2023
£ £
Trade creditors 101,002 0
Taxation and social security 4,270 2,336
Other creditors 852,622 15,000
Total 957,894 17,336

COMMUNITY INTEREST ANNUAL REPORT

BRINK FOUNDATION CIC

Company Number: 13505338 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

As part of Brink Foundation’s commitment to explore what fairer and more resilient futures could look like and reduce poverty and exclusion, we kicked off two key initiatives in 2023. In partnership with TRANSFORM (a partnership between Unilever, the UK’s Foreign, Commonwealth and Development Office, and EY), and together with local Kenyan research partners - Laterite, ProCol Africa, Busara, and Ideas Unplugged - Brink Foundation focused particularly on the women and youth working in this economy. We engaged directly with hundreds of stakeholders and local entrepreneurs, not just to conduct research but to build lasting connections and co-create solutions with the people driving driving Kenya’s informal economy. This work was rooted in co-creation, where informal entrepreneurs, community leaders, and policymakers came together to shape solutions based on their lived experiences. Our goal was to move away from the traditional top-down approach, focusing instead on inclusive processes where every voice mattered. Together, we co-created practical, ecosystem-developed recommendations on how to collectively build a better future for Kenya’s informal economy. These recommendations were shaped with the direct input of over 700 stakeholders, ensuring they reflect the real needs and visions of Kenya’s invisible workforce. Importantly, this is a concrete plan for a future where Kenya’s informal economy thrives. Brink Foundation has set up uBoraBora in 2023, with seed funding from Bill and Melinda Gates Foundation, joining the movement for more implementation research in foundational literacy and numeracy (FLN) programs in Sub-Saharan Africa. The team has designed the fund and launched their first call for proposals, aiming to surface opportunities that address three fundamental implementation challenges: greater efficiencies, adaptation, effectiveness & uptake.

Consultation with stakeholders

On TRANSFORM, we were in continuous contact with our client partner who participated in co-creation, co-design and uptake of recommendations. We worked with a number of delivery partners on upfront strategy, data collection tools co-design, synthesis of insights and findings, chapter publications, research ethical approvals, strategic delivery, synthesis of insights and findings, training of citizen scientists (participatory research partners trained via ProCol Africa). We also worked with ecosystem actors (eg: public sector, academia, private sector, informal economy associations) who were our research partners and informal economy entrepreneurs (approx 700). Recommendations for uptake contributions were shaped through inputs from these actors and they were contributing authors to final chapters & insights gathering/synthesis. Similarly on uBoraBora, we worked with Laterite (our delivery partner) who Co-designed the implementation research fund thesis. We also worked with Global education ecosystem actors (eg. funders, researchers, academics, consultants) and Local Foundational Literacy and Numeracy (FLN) Implementers who contributed to the overall fund design with considerations made to grant size and call thematic.

Directors' remuneration

Non-Exec Directors were paid £8,454

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
3 September 2024

And signed on behalf of the board by:
Name: A Freeman
Status: Director