DocuSign Envelope ID: 734A7A1F-0D7C-4B62-B0DD-5CD8B867BEB9
Bradford Guild of Help
(Registered Charity No 1059913)
Annual Report and Accounts for the year ended 31 December 2022
DocuSign Envelope ID: 734A7A1F-0D7C-4B62-B0DD-5CD8B867BEB9
Bradford Guild of Help
Contents
| Page | |
|---|---|
| Annual Report | 1 - 2 |
| Independent Examiner's Report | 3 |
| Receipts and Payments Account | 4 |
| Statement of Assets and Liabilities | 5 |
| Notes to the Accounts | 6 - 8 |
DocuSign Envelope ID: 734A7A1F-0D7C-4B62-B0DD-5CD8B867BEB9
Bradford Guild of Help
Annual Report of the Executive Committee for the year ended 31 December 2022
Bradford Guild of Help whose Registered Address is at 506 Thornton Road, Thornton, Bradford, BD13 3JD, was registered with the Charity Commission under number 1059913 on the 23 December 1996, having been constituted as an Unincorporated Association with a membership on 4 December 1996
The Charity has been administered during the year by an Executive Committee consisting of:-
Chairman Mr S Blakeley Vice Chairman Mr L T Mann Treasurer Mr S Dennis Secretary Mr S M Fleming Mr G C Nicholson Mr M Dixon Resigned 14 April 2023
Executive committee appointments are made or ratified by the members. Other advisers and agents are:-
General Secretary and Administrator Mr S M Fleming Bankers Lloyds Bank Plc Investment Managers Rathbones Investment Management Independent Examiner Alison Whalley FCA
The objects of the charity are the promotion of charitable purposes for the benefit of the community generally.
The aims of the charity are to promote any charitable purpose for the benefit of the community in the local government district of Bradford and in particular the advancement of education, the furtherance of health and the relief of poverty, sickness and the distress arising therefrom. In exercising their powers to meet these objectives the Executive Committee have due regard to the guidance on public benefit published by the Charity Commission.
The initial endowment capital was originally funded by The Bradford Council of Social Service, The Mothers and Young Folks Club and The City Guild of Help funds.
Grant assistance was received in the year from Daisy Bank Playing Field Fund of £30,000 (2021: £50,000). Investment income of £8,222 (2021: £9,076) was generated. Grants distributed were £34,864 (2021: £82,750) to local charities and organisations. Other expenses £3,665 (2021: £4,646) were also defrayed making total revenue expenditure of £38,529 (2021: £87,396) leaving a net current account expense for the year of £307 (2021: net surplus £28,320). Free reserves have decreased to £29,603 (2021: £26,245). The retention of reserves enables the Guild to continue to offer grant assistance to local charities even during periods when no grant assistance is available from Daisy Bank Playing Field Fund.
Sales of investments were £120,892 (2021 £77,026) and purchases were £136,984 (2021 £76,008), after investment management fees the capital account has a net movement of £19,700 decrease.
It is hoped that grants from the Daisy Bank Playing Field Fund will continue in 2023 to enable Bradford Guild of Help to continue its charitable objectives in the year and beyond.
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DocuSign Envelope ID: 734A7A1F-0D7C-4B62-B0DD-5CD8B867BEB9
Bradford Guild of Help
Annual Report of the Executive Committee for the year ended 31 December 2022
The investments have been managed on behalf of the Executive Committee by Rathbones Investment Management during the year, the principal investment objectives continue to be the steady growth of both capital and income. The total funds have decreased from £491,439 in 2021 to £446,340 in 2022, or by 9.17%.
Approved by the Executive Committee and signed on its behalf:-
S Blakeley Chairman
Dated 12 October 2023
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DocuSign Envelope ID: 734A7A1F-0D7C-4B62-B0DD-5CD8B867BEB9
Bradford Guild of Help
Independent Examiner's Report to the Trustees of Bradford Guild of Help for the year ended 31 December 2022
I report on the accounts of the Trust for the year ended 31 December 2022 which are set out on pages 4 to 8.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year (under section 114(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed.
It is my responsibility to:
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a) examine the accounts under section 145 of the 2011 Act;
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follow the procedures laid down in the General Directions given by the Charity
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b) Commission under section145/5 of the 2011 Act and c) state whether particular matters have come to my attention
Basis of independent examiner's report
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the executive committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In the course of my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respect the requirements
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(a) to keep accounting records in accordance with S130 of the 2011 Act; and
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(b) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
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(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Alison Whalley FCA Azets Audit Services Limited Carlton House Grammar School Street Bradford BD1 4NS
Dated 12 October 2023
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DocuSign Envelope ID: 734A7A1F-0D7C-4B62-B0DD-5CD8B867BEB9
Bradford Guild of Help
Receipts and Payments Account for the year ended 31 December 2022
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Notes 2022 2021
£ £ £ £
Receipts
Grant from Daisy Bank Playing Field 30,000 50,000
Investment income
Dividends and interest from investments 8,198 9,042
Interest on bank deposits 24 8,222 34 9,076
Sub total 38,222 59,076
Investment sales 120,892 77,026
Movement in equity 2,410
Sub total 123,302 77,026
Total receipts 161,524 136,102
Payments
Grants paid 3 34,864 82,750
Administration costs
Investment management charges 3,665 3,686
Independent examiner's fee - 960
Sundries - -
Room rent - 3,665 - 4,646
Sub total 38,529 87,396
Investments purchased 136,984 76,008
Total payments 175,513 163,404
Net payments for the year (13,989) (27,302)
Paid from investment capital account 17,347 2,668
Bank balances at start of year 27,746 52,380
Bank balances at end of year 31,104 27,746
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All funds are unrestricted
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DocuSign Envelope ID: 734A7A1F-0D7C-4B62-B0DD-5CD8B867BEB9
Bradford Guild of Help
Statement of Assets and Liabilities at 31 December 2022
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Monetary Assets Note
2022 2021
£ £
Bank balances
Current and Investment Accounts 29,603 26,245
Capital Account (Initial Investment Fund) 1,501 1,501
31,104 27,746
Investments 2022 2021
Cost Market Cost Market
Value Value
£ £ £ £
Investments 1 375,437 415,236 379,187 463,693
Liabilities 2022 2021
£ £
Accountancy fees 2,142 1,020
Uncleared grants and costs paid 6 8,764
2,148 9,784
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The accounts have been prepared on a 'receipts and payments' basis in accordance with Section 133 of the Charities Act 2011.
Approved by the Executive Committee on 12 October 2023. and signed on their behalf:-
S Blakeley Chairman
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DocuSign Envelope ID: 734A7A1F-0D7C-4B62-B0DD-5CD8B867BEB9
Bradford Guild of Help
Notes to the Accounts at 31 December 2022
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Note 2022 2021
1 Market Market
Cost Value Cost Value
£ £ £ £
Securities
Ishares Plc 13,353 19,571 28,216 44,342
Aberdeen Standard Fund Mgrs Overseas - - 7,616 8,968
Aberdeen Standard Fund Mgrs Higher - - 16,781 16,509
Artemis Fund Mgrs 21,894 19,527 16,819 17,940
Twentyfour Global Funds 24,045 19,623 19,745 19,504
Muzinich Funds - - 7,017 7,001
Rightmove PLC - - 8,447 11,488
Shell PLC 6,997 17,212 6,997 12,006
B H P Billiton 4,354 13,878 4,354 11,877
Babcock Int Group 3,818 1,829 3,818 2,065
Experian PLC 6,665 8,298 6,665 10,714
Diageo PLC 7,797 11,315 7,797 12,512
Unilever PLC 5,269 7,946 5,269 7,496
Reckitt Benckiser 2,498 6,329 2,498 6,976
Smith & Nephew PLC 4,087 4,183 4,087 4,876
Glaxosmithkline 3,459 4,600 4,226 6,426
Compass Group PLC 7,813 10,700 7,813 9,213
Lloyds Banking 6,843 2,462 6,843 2,592
London Stock Exchange Group PLC 6,144 5,281 6,144 5,128
Accenture PLC 6,999 8,873 6,999 12,243
Alphabet Inc 7,735 11,736 7,735 17,111
Coca-Cola Co 7,978 11,634 7,978 9,617
Fidelity National Information 6,183 3,384 6,183 4,835
Microsoft Corp 7,258 11,763 7,258 14,650
Qualcomm Inc 8,191 7,860 8,191 11,611
HSBC Holdings PLC 4,329 4,039 - -
Viatris Inc - - 425 330
Visa Inc 8,104 10,018 8,104 9,280
Treasury 1/8% I/L Stock 14,597 14,379 - -
Treasury 1/8% I/L Gilt 12,544 12,173 - -
Treasury 1/4% 16,649 16,643 - -
Treasury 5/8% 6,339 6,040 - -
Aspect Capital 8,858 8,820 - -
Infineon Technologies AG - - 8,747 9,728
Haleon PLC 767 1,309 - -
Blackrock Funds 6,446 6,727 - -
Umicore - - 8,282 6,904
J P Morgan Asset Mgrs - - 3,509 3,778
JP Morgan Japanese Inv Trust 11,198 11,468 11,198 16,725
Schroder Japan Growth Fund 6,867 6,143 4,615 5,425
Legg Mason Global 10,074 10,027 - -
Goldman Sachs Group 8,845 8,794 - -
JP Morgan Emerg Mkts Inv Trust - - 8,837 8,435
First Trust 7,022 4,791 12,874 14,450
Janus Henderson Global Investors 14,511 15,083 14,459 15,138
Link Fund Solutions 15,724 16,898 15,724 16,583
HICL Infrastructure Co Ltd 4,324 4,110 - -
M & G Investment Mgmt 16,441 16,120 16,443 17,063
Personal Asset Trust PLC 13,380 14,325 13,380 15,060
Woodside Energy Group Ltd 1,643 1,930 - -
Cash 17,395 17,395 37,094 37,094
375,437 415,236 379,187 463,693
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DocuSign Envelope ID: 734A7A1F-0D7C-4B62-B0DD-5CD8B867BEB9
Bradford Guild of Help
Notes to the Accounts at 31 December 2022
Note
| 2 Movements in Investments (at cost) Cost at start of year Additions during year Sales during year Costs deducted from cash held (Loss)/profit on sales Profit/(loss) on non market transactions Purchases from cash held Additions from cash held Cost at end of year |
2022 £ 379,187 136,984 516,171 120,892 3,665 (1,791) 1,876 (124,642) (136,984) 120,892 375,437 |
2021 £ 375,989 76,008 - 451,997 77,026 3,686 (6,884) - (73,828) (76,008) 77,026 379,187 |
|---|---|---|
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DocuSign Envelope ID: 734A7A1F-0D7C-4B62-B0DD-5CD8B867BEB9
Bradford Guild of Help
Notes to the Accounts for the year ended 31 December 2022
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Note
3 Grant Payments 2022 2021
£ £
Bradford Talking Telegraph - 750
Baildon Methodist Church - 3,500
Bradford Christian School - 3,500
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Bingley Little Theatre 20,000
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Bingley Amateur Operatic Society 30,000
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Dockroyd Graveyard Trust 11,000
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Red Letter Project 2,000
Fountains Church Grace Box - 5,000
Bradford Cathedral - 7,000
Bradford Christian School 3,764 -
Emmaus Bradford 5,000 -
Windhill 100 -
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Bradford Salem Rugby Football Club Ltd 5,000
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Sapgate Gardens 1,000
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Keighley Mission Theatre Trust 20,000
34,864 82,750
Donations agreed to be paid
Bradford Christian School - 3,764.00
Emmaus Bradford - 5,000.00
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8,764.00
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