Company registration numter: 04193316 Charity l$tratIOn number: 1087798 Barnsley Community Build (A comp3ny limit&J ty guarantee) Annual Ret aTrJ Financ&31 Ststements for the Year Ended 30 April 2021 Thomtons Accountants 176-178 Pontefrdct Road Cudworth Barnsley South yoshire S72 8BE ,IIMillill AB4(7G2Z 1910512022 COMPANIES HOUSE
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Barnsley Community Build Contents Referen and Administrative Detsils Strategic RePt 2to5 Trust, Rep)rt 6t09 IrKlependent Examinerfs RepMNt iotoii Consolidat& StateTrnt cl Finar#ial A(livities 12 Consolidated Ban Sheet 13 Balan Sheet 14 Consolh4ated Statement of Cash FIoNN5 15 Notes to the Financral Statements 16to33
Barnsley Community Build Referen and Admlnistrative Detsils Chairman Mr JW Hayward Trustees Mr JR aark Ms SA Nixon Principal Office Thomtons Thomtons, 1761178 pOntefr Ro1 clWOrth Barnsky S72 8BE Company Reglstratlon Numb¥04193316 Charity Registration Number 1087T Independent Examlner Thornt Accountants 176-178 Pontefract Road Cudworth Barnsley South Yorkshi S72 8BE Page I
Barnsley Community Build Strategic Report for the Year Ended 30 April 2021 The trustees, who a dirertots for the wrp)ses of comkkiny law, present their strategic p)rt for the year ended 30 April 2021, in ccffipIian with $414C of the Companies Act 2¢6. Achievements and performarbce The year set off slowty due to the Covid 19 pandemK hoWr Bamslty Community Build 15 Still involved with many different projects and continue to offer the services it provides to both the private and public sector. In April 2020 we had tsventy four apentS lsted wth BCB and it was offering the supwrt they needed through an extemal training provider Irs; they v•Juld provide the sUp[rt required for the apprentices to gain the qualifications. The environmentsl contract tten exteThded for a further year with BMBC. and Still consisted of three.teams.The RRT now has a peanent route but are still requir&J to assist both the teams to complete the cmtractual obligatK)ns. Two apprentKes per team are enrolled for a 6 week peric>d on environmentsl programme, and all apprentrces are aware that ttrw have to complete th6 6 week period prior to going on to COnStw or the CRS site. BCB still maintains a high ntage of apprentices movirrfj into full ts'me enployment on the CPletion of their qUalIftiOns. Bemeslai H(xnes has 0)n&xted us to wotk in partrwship wrth them arKI NPS in the refurbishment of properties. T proFerties were Identif by Bemeski He5 and work has now Leen completed Bemeslai Homes still require5 six apprentices throughout the year to suppjt the CRS prts3ramme being condutted out of the AthersÈy site. We have been offered aTh)ther CRS site, CRS 2, that will run alonggde CRS I,. this will provide apprenticeship p75 for fNe PIe initially. It will run in the same format as CRS I where BerTla1 Home5 will fund a full-time SUFrvisor {employed by BC8) and rive apprenti to start tt programme; hoUl this will develop into the same terms and conditions as CRS l and fc will be able to SUPFQrt ten apente5. Bemeslai Homes continues to use our assisted decorab"r¥J services and the serye is constantly increasing. We are also asked to ¢*> all types of refvrbishment tasks now for them. The Trustees would like to thank the staff for their continued supp)rt and a always keen to support any new initiats'ves that come the way of BCB. All ojr staff have now completed safeguarding courses and are all DBS checked. BCB is constantty offering rth tsainiNJ courses to all staff to ensure that all their quallfications a currenL Page 2
Barnsley Community Build Strategic Report for the Year Ended 30 April 2021 Financial review The were net out9)ing resourtrs of (£71,CM)S) for the year ended 30 April 2020 {20- £176,077). The Charity ha5 maintsined its activities in the comrnercial constrUttn sector. At 30 April 2021 the Charity had reserves of £454,656 after maknng alk)Wan for r&rthd funds. The following contracts a still onwiftg and will SUPFQrt the continuation of BCB. CRS prTrJramme5 £84,999 annum,. the NEAC EmployatrJ"ity wramMe will continue and is valued at £213,000 per annum. The projert for the refvrbishment in partnership with Bemeslai Homes is valued at £450,OIXJ and will support BCB for the next 3 years. The housing fvrbishMeftt sthrre has been put into tAa to bring Council housing stc£k back into ntsble accomThK*Jat1. We continualty assess our servi5 aThJ try to suppty seThi that are L)efIcial to the environment and people. It is beIVed that the Charity and its subsidiary a well pw to cope with the present WO arhj oppM)rtunities. The Board of Trustees has cside0 the Charitys requIrneDts for reserves in luht of the main risks to the 0ratIOn and continue to gerwate enough cash surplus to set aside funds to provide for the future and future proj&. Modest cash resew have been acrnjej sutTicient to run the Charity. The Charity has, over the past few years, teen able to acqui substantial property assets which continue to bring in rental income from other publr sector lJ>Jies who lease some of the accommcKJation. The trustees are oJrrW in the prcress of selling of trt ntaI properties to increase cash reserves
Barnsley Community Build Strategic Report for the Year Ended 30 April 2021 Plans for future periods Alnts andkey obieLtives forfirturewyods The Charitys objectives for 2021122 are to Contin wh the folk)wing projects.. Training Centre {Mc4Jrlands Col) this is presenty used for the da55rcom work for the appntiCe5, qualiftcatton, arKI we are currendy in talk5 wth external training providers for the use of the clege so that these organisations will ve a kxal base in the Barnsky area. Extemal providers a currenty usiNJ the College to tsliver extra courses that support the apprentices that join BCB; this year W will appty to renew the lease on the building. Construcbon trdining - to in¢se the rtber of appntice$ currendy employed by BCB. A r• contract is in the Feline ts the commerKement of arn)trer %te at Athersley Whe apprentKes and a full ts.me MeMr of BCB staff will be employed in the provision to support Bemeslai Fkffies. This site will run in parallel to the existing CRS site already operating there. Assisting Bemeslai Homes. Rdurbishment - we shall continue to SUPFKJrt Bemeslai Homes in the refurbishment scheme to bring empty proFerties back into the housing stock. Environmental proietts - the teThJer for this proiert has Iwi delayed until 2021 $0 we wli I continue to deliver the servKe unts"l the new tender appIat)n is released by 8MBC. IJ£S l and CRS 2 will result in an increase of numter of apentI required to Servi this contract. While tx)th contracts will run independenuy, they will te based at the same premises initially. CRS 2 is still in the negotratwx stage, but we are confident is that this project will start in 2021 when all the figures have been ccffipiled and a contract value has been agreed. March 2020 saw the first effects that a WWle pandemic h&J on business throughout the country. Fortunately for BCB, the Environmentsl prcoramme was classed as essential so with the sUprt of the construction teams we were ab to supwrt community and cary on deliveriw this servitr. Construction teams pick&J up extra work fr(xn BMBC supp)rtiw Neighbourhcrf)d se1 and keeping the green area5 thrOughC the NEAC cut and cleared. BCB was heavy involved with community work throughout the first four months of the kxkdown, but as constructM)n was dmed as necessary, we were able to carry out different buildiTh3 wcxks. BCB works within the private sth on many F*DFcts and eath qLh)tstM)n is based its on Merit after visit to the site. We have currently qLKd for I0 extensions and work is due to siart on one of them later in the year after some of the ojrrent COVID restrittions a eased. Many of our enquiries come from people that have had work cornpleted ty BCB previousty and by word of mouth from satisfied customers. The strategic report was apwoved by the trustees of the d)arity on 29 April 2022 and signed on its behalf by: Page 4
Barnsley Community Build Strategic Report for the Year Ended 30 April 2021 Jw Chairman ard
Bamsley Community Build Trustees, Report The trustees, who are directors for the purFtJses of CrpanY law, present the annual rert together with the financial statements of the charitable CC4nF43ny for the year ended 30 April 2021. Objectives and activitses Public benefit The principal objective of the Charity is the promoth)n, for the public tenefrt, of urban and rural regenerathjn in areas of Sal arKI economic deprivation {pacUladY Bamsley and surrounding South Yorkshire Area). Barnsley Community Build has devek)red a range of regeneration activities to meet this obiecbve includiThJ: The training of apprentices at its resource centre at McKJtlants vthere the sinulated training areas allow learners to devek)p valuable work skills arKI kJTh¥ledge in preparatN)n for woving their IluStrIal comFeten in the constrLKtion industry. The development of the apprentsces, education th'ILs particularly in English language and mathematics together with the A qualifKats"on in conjunction with CPA. A communty refurblshment scheme at Athersley. The provision of Social housing. Seeking to keep fccal areas thjy arxl free c¢ lrtter through the provisKn of dean up teams. In setting plans and priorities for areas of work, the Trustees of Bamsley Communty Build have had regard to the guidance from the Charity Commission of the pn)vision of publ benefit. In particular, the Trustees consider how plann&J artwities will contribute to meeting the obiettives they have t. How Barnsley Community Build ddivers ts pripaI charitsbk obiecb"ve. that of social and economic regeneration in Barnsley aThJ surroundiw areas. is demonstrated in the above summary of Barnsley Communty Buikfs obJertNes and achewents against that pLqn. The public benefrt arisi from Barn$Y C(Thmunty Bud'S wrk is implKit in the servKes delivered and the access to these by the Icol and Surrounding communities thus asSiStirrfJ them in their daily lives, providing opwrtunitjes for Fersonal deVelOent as well as srKial and economK nefits to the area. The trustees confimi that they have complied with the reqUIrnts of section 17 of the Charities Act 2011 to have due regard to the publ tenefft gUIdan publis by the Charity commissi for England and Wak5. Structurei governance and rnana9enrt The Charity is a charitsble company limited by guarantee, number 04193316. It is a regISted charity nLbmber 1087798. It Is govem&J by a Memorandum arKI Artides of Ass(Kiation.
Barnsley Community Build Trustees. Report Indurtion andtraining of tntste On apFK)intment new Trustees are provided with indLKtion training in relatKJn to their duttes and responsibilitie5 for the Charity. Trustees are a19) wovNded with additional training if required and take part in a range of activit5 to enable them to utmjate imwove their skilb and knowledge. The Trustees, who are also the directors for the pur[ of company law, who seryed during the year (or have been appointed subsequentty) Wre. Cllr J W Hayward J Rclark SA Nixon F Bootha-King - reSned None of the Trustees has any beneficial interest in company. All of the Trustees are members of the company and guarantee to contriimjte £1 in the event of a winding up. The Trustees have delegated day to day marwement of the Charitys activitie5 to a management team with each separate project and area of charitsble actNty IxiThJ directly managed by a project manager rewrting to the 8oard. The Board meets on a monthty basis to provide oversight and strategic dirLxtion Whe they [1ve rts from project man4ets and consider the monthly finala1 reports. The Trustees ulartY asse55 the risks to which the Charity is exwsed, in partKular major operational and financrdl risks. and are satisfd that 5ryStem5 are in Pla to mitvjate exFosure to the major risks. The remuneration of the key management personnel KIentif within tt finanoal stateffnts will be determined, monitored and reviewoj by the Trustees. Fattors taken into account will include level of responsibility, context and complexity of the role, benchmarking from similar provmders as well as current and potential br*s5 UIreMents. Detsils of the Charttys transactions with its retated parties a induded in ?? nanaal instruments The group's activities expose it to a number of finanaal risks induding uedit risK cash flow risk and liquidty risk. The use of financial derivatNes is govemed by the group's rrt)licies approved by the lrd of trustees. which provKle written principles on the use of financial derivatives to manage these risks. The group does not use derivative financial ln5trurrts for SUlatIVe pur5. Cash fiowrisk The group's activities eXSe r( primarily to the finanaal risks of chaThJes in fO1gTh currency exchange rates arKI interest rates. The group uses foreign exchange forward contracts and interest rate swap contracts to hedge these exp)sures. Interest bearing assets and liaLNlities are held at fixed rate to ensu certainty of cash fb)ws. Page 7
Barnsley Community Build Trustees. Report Creditrisk The group's prIpaI finala1 assets are bank balan and cash, trade and cther receivabies, and investrnents. The group's credit ti5k is prinrIlY attributabk to its trade l¥able$. The amounts presented in the balance sheet are net of allowances for doubtful receNables. An allowan for impaiment is made where trre is an identified loss event whth, based on previous exper, is eviden of a ductw in the recovera'1ty of the cash fh)ws. The credit risk on IiquKI fvtKIs arKI derivative financsal instruments is limited because the counterparties are banks wrth hwJh credit-ratir¥Js asstgned by international credit-rating agencies. The grc¥Jp has no gnifant concentration of credfc risk. wrth exFosure swead over a large nnber of counterpattie5 and customers. quidityrisk In order to maintain liquidty to ensure that suffic*nt fvnds a avaikble for ongoing operation5 a1 future devebpments, the group uses a mixture of long-term and short-term debt finan. Further details regarding liqumdity risk can be found in the Ststement of accounting policies in the financial statements. Page 8
Barnsley Community Build Trustees, Report Statement of Truths. Responsibllities The trustee5 (who are also the directors of Barn Communty 8uikl the purp)ses of company law) are resF()n%ble for preparing the trustees. reFOrt and the financial statements in accordan with the United Kingd Accounting Standards (United Kiwmn Generalty Apted Accounting Practice) and applicab law and regulations. Company law requires the trustees to prepa financial ststements for each financial year. Under company law the trustees must Tr)t approve the finala1 statements unless they are satisfied that they give a true and fair view of the state of affairs of the d)arttable cornpany and of its incoming resou5 and apIcatIon of resour, Ind1rj ts income and exrendItU, for that pericmj. In pparIng these finala1 statements, the trustees are required to: selert suitable accounting p)licies and appty t7 COStentlY. observe the methc#Js and principles in the Charities SORP: make judgements and estimates that are reasonable and Pnmlent; state whether applicabk UK Accounting Stsndarts have teen followed, Subject to any material departures di5ckfjed and explained in the finarla1 ststements: and prepare the financial statements ¢J) the going conrn basis unless it is inappropriate to presume that the charitable company will continL in business. trustees a resFX)nSib for keeping requate accountirrtj records that are sufficient to show and explain the charitsble companvs transacbons and disdose with reasonabk accurw at any time the financial Fosition of the charitable company ar enabk them to ensure that the financial statements comply with the compan Act 2006. Tlw a also t)rlbIe for safeguarding the assets of the charitsble company and hen for tsknng reasonable steps for the prevention and detection of fraud and other irregularitss. The annual [4)rt was approved by the trttees of tre chanty on 29 April 2022 and swjned on its half by: Jw Chaimian Page 9
Barnsley Community Build Independent Examiner's Report to the trustees of Barnsley Community Build I report to the group trust&s on my examination of tt cons0dated Kcounts of Barnsley Q)mmunity Buikl and its 5ubsidrary undertakings for the year end&J 30 April 2021 which are set out on pages 12 to 33. Respertive responsibilities of trustees and examiner As the trustees of the group you a p)nsIble for the preparation of the consolidated accounts of Bamsley Community Build in accordan wrth the requirerrEnts of the Companies Act 2006 ¢the 21)06 ACV). HaviThJ satisfied myself that the COUnts c+ Barn Communty Build a not Uired to ke audited under Part 16 of the 201% Act and are eligible for indeperKknt examination, I rert in respect of my examination of the consoIKlated accounts as carried out under seth.on 145 of the Charities Att 2011 Cthe 2011 ACY). In carrying out my examination I have folk)wed the Direth"ons grven by the Charity Commisston under sectim 145(5)(b) of the 2011 Art. An Indent pJaminatK)n does not bnvol¥e gatheriTrJ all the eVIdee that WKld be r4uired in an alIt and consequently Tr)t cover all the matters that an auditor cort5Klers in giving their opinion on the accounts. The planning and corldurt of an audit goes twnd the limited assuran that an independent examinatts)n can provide. Consequently I express rKJ opinion as to whether the consolidated accounts present a 'true and fairf view and my p)rt ts limited to those specir matters set out in the irFendent exami5 statement. Independent examinerfs statsment Since Barnsley Community Build's gross incorne exceeded £250.C(K) your examiner must be a member of a b)ty listed in section 145 of the 2011 Art. I confimi that l am qualified to undertake the examination buse l am a rnember of Members of ACCA, which s one of listed bclEs. I have complet&1 rny examinat. I confirrn that rn matters have con to my attention in connection with the examinatton giviNJ me (ause to bele. l. accounting records were not kept in reSpt of Bar* Communty Build as required by section 386 of 2CQ6 Act; or 2. the accounts do not accord with those rrds. or 3. the accounts do not cornpty with the accounting requirements of section 396 of the 2006 Act other than any requirfftnt that the accounts give a 'tnbe and fair view, which is not a matter considered as part of an indeFendent examination; 4. the accounts have Th)t Ln prepar&l in &c(YdarKe with the meth(xls and principies of the Statement of RecommeThJed Practre for accounting and rewjrting by charities [applicable to charities prepariThJ their accounts in accordance with the Financial RewrtJ"ng Standard applicable in the UK and Reputdic of Irdand (FRS 102)]. I have no concems and have come across no other matters in connection wf(h the examination to which attention should drawn in this rewjrt in order to enatle a prr understalIng of the accounts to be add. Page 10
Barnsley Community Build Independent Examiner's Report to the trustees of Barnsley Community Build Mathew Parsons FCCA . and OD be)If of Tknitons Accountants Members of ACCA 176-178 POntefr Road Cudworth Bamsley South Yorkshire S72 8BE 29 April 2022 Page 11
Barnsley Community Build Consolidated Statement of Financial Activities for the Year Ended 30 April 2021 (Including Consolidated Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Total 2021 funds Income and Endowments from: Investment Iome Other IrMe 40.463 40,463 430 107 Totsl rne 470 570 470 570 Expendlture on: Charitsbk activities 541575 Total expendrtu 541575 Net expenditu Net movement in funds (71,CK)5) (71,005) Reconaliation of funds Total furKls brought forward Totsl funds carried forward 525 661 17 454 656 Total 2020 Unrestricted funds Income and Endowments from: Other trading activities Investment income Other inc 87,662 48.573 87,662 48,573 371350 Total income 507 585 Expenditure on: Charitable artNities Total eXndItUre 683 661 Net expenditure 176 076 176 076 Net movement in furds (176,076) (176,076) Reconciliation of funds Total funds brought foThYard 701737 701737 Totsl funds carried foTréard 17 525 661 All of the group's xtiviknes derive from continuirrfj operations durirKJ aix)ve two pemds. The funds breakdown for 2020 is s)n in note 17. Page 12
Barnsley Community Build (Registration number: 04193316) Consolidated Balance Sheet as at 30 April 2021 2021 2020 Fixed assets Tangible assets Investments 13 448,141 462,543 168 855 631398 Current assets Debtr)rs Cash at bank arnl in hand Is 6,013 23,038 24,879 Total assets less current liabilities 646,047 679,204 cdItOrs. Amounts falllng due afttt more than one year 16 191391 Net assets 454 656 525 661 Funds of the group: Unrestricted income fvnds Unrestricted funds 525 661 Total funds 17 For the finala1 year endirKJ 30 Awl 2021 the chanty was ent to exempkn from aLKlit under settion 477 of the Companies Att 2(h)6 relab.ng to small companies. Directors. reswnsitilities: The members have not required the charity to obtsin an audtt of its accounts for the year in question in accordarte with sectw)n 476; JKI The directors acknowwge their reStnsIbIlitieS for comptyiThJ with the requirements of the Act with respect to accountr"NJ r(dS and the preparatK)n of accounts. These accounts have teen prepared in CordarKe with the pnjvisions applicable to ccmpanies subJ.t to the small companies 1rne. The financial ststements on pages 12 to 33 were approved by the trustees, aThJ alrthorised for issue on 29 April 2022 and sjgned on their behalf by: JWH Chair ard Pa9e 13
Barnsley Community Build (Registration number: 04193316) Balance Sheet as at 30 April 2021 2021 2020 Fixed assets Tangible assets Investrnents 13 436,672 448,291 617 147 Current assets Debtors Cash at tonk and in hand 15 79. 100.802 107 143 Total assets less current Ilabilities 691,929 724,290 Creditors: Amounts falling due after more than one year 16 Net assets Funds of the charlty: Unrestricted income fund$ UnrestrKted funds Totsl funds 17 690 931 For the financial year endirKJ 30 April 2021 the dwrity was ent1 to exemption from audit under sectlon 477 of the Companies Act 2C#)6 relatirYJ to small companies. Directors, responsibilities: The members have not required tre charity to oLtain an audit of its accounts for the year in question in accordan wrth section 476. and The directors acknoWdge their resFrf)nsibilits for ccrfnplying with ts requirements of the kt with respect to accnting records and the preparation of accounts. These accounts have wepared in accordan with the provisicM)s applrable to companies subject to the small companies re9ime. The financial ststements on pages 12 to 33 were apwov&J by the trustees, and authorised for issue on 29 April 2022 and signed on their behalf by: Jw hairnia Page 14
Barnsley Community Build Consolidated Ststement of Cash Flows for the Year Ended 30 April 2021 2021 2020 Cash ilows from operating aLtivilies Net cash expenditure {71,IX)5) (176,076) Adjustments to cash flows from n¢-caSh items Depreciation Investment inc(Yne 27,121 16,431 {84,347) (208.218) Worl(ing capital adjustments Decrease in st(Kks Decrease in debtors Increase in cre(litors 96,420 23,822 15 18,866 Net cash fknys frcrfn operating tlY1 Cash flows from investing activities Interest re1vable and ymilar inccffte Purchase of trng red assets Net cash flows from investing activit$ Cash flows from financlng artlvities Repayment of loans and LYKrowings 40,463 48,573 13 39.363 48,573 Net incase/(deCrea$e) in Gish arKI cash vIVats iii (49,756) Cash and cash equwalents at l May Cash and cash equivalents at 30 April All of the cash fbws are derived fr continuing orwats.ons during the atrM)ve two periots. Page 15
Barnsley Community Build Notes to the Financial Statements for the Year Ended 30 April 2021 I Charlty status The charty is limited by guarantee, incorp)rated in , and consequentty does not have share capital. Each of the trustees is liable to contribute an amount not exceedirrfj £1 towards the assets of the charity in the event of liquidation. Tre address of fts registered Offi ts: 185-189 SheffEld Road Barnsley South Yorkshire S70 4DE These finanoal statements were autlbyfjed fty issue by the trusttts on 29 Apn'l 2022. 2 Accounting poliaes Summary of significant accounting policies and key accounting estimates The prirKipal accounting polKies appl¢ed in the preparation of these fInarla1 statements a set out below. These F1cS have ten consistentiy applied to all the years presented, unless otherwise stated. statement of compliance The financial ststements have been prepared in KcordaKe with Accounting and ReFOrting by Charitses.. Statement of Recommended PrartKe applKabk to charitie5 preparing their accounts in accordan with the Finanaal Rep)rting Slandard applKable in the UK and Repubiic of Ireland {FRS 102) (effective l January 2015) - (Chanties SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and RepU1C of Ireland (FRS 102). They also comply the Companies Act 2006 and Charities Act 2011. Basi5 of preparation Barnsley Community Build meets the definitton of a publ nefit entity under FRS 102. Assets and liabilities are initialty reccJnised at historical cost or transactKX) value unless otherwise stated in the relevant accountiThJ Foliq Th)tes. Basis of consolidation The consolidated financial statements CoroI1ate tr* financial ststernents of the charity arKI its subsKliary undertskings drawn up to 30 April 2021. No ststement of finanaal activities is pyeserted for the dwrity as Femitted by section 408 of the Companies Act 2006. The charity made a kjss after tax for the finanoal year of £10,080 (2020 - Ioss of £27,474). Page 16
Barnsley Community Build Notes to the Financial Statements for the Year Ended 30 April 2021 A subsidiary is an entity controlled by the charty. Contrd is leWed vthere the tharity has the wwer to govern the financial and OFerating wlKies of an entity so as to obtsin benefits from its activitie5. The results of subsidiaries acquired or dispM)sed of during the year are induded in the statement of financial activities from the effettive date of qUISItiOn or up to the effective date of dISSaI, as appropriate. Where nesary, adjustments are made to the finarKial statements of subsidiaries to bring their accounting policies into line with those usa by the group. The purchase methcll of accounting is used to account for business c(YnbinatK)ns that Ult in the acquisin of subsidiaries by the group. The cost of a bu%ness comb"nation is measured as the fair value of the assets given, equity instruments issued atyl liabili incurred or assumed at the date of exchange, plus costs directly attributsble to the business cornbinat•)n. Identifkible assets acquired and liabilities and contingent liabilities assumj in a business combinatA)n are measured initially at their fair values at the acquisition date. Any excess of the cost of the business combination over the acquirerfs interest in the net fair value of the Ientifiable assets, liabilitEs and contingent lbIlItIeS recogni is recorded as goKthiU. Inter-company trarnsacbons, batances and unrealsed gains on transactions between the charity and its subsidiaries, which are lated parbes, a eliminated in fvll. Intra4Jroup10sses are also eliminated but may indicate an Impalmnt that requires recc4Jnition in consolidated finanoal statements. Accounting pjlicies of sUbslarieS have been Cha where necessary to ensure consi5tenq with the poltcies adopted by the group. Non-controlling interests in net assets of cor¢solKlated subgdiaries are hentif separatety from the group's Ulty theIft. Non<ontrolling Inte$ts consist of the annt of those interests at the date of the ortginal business combination and the non-controlling sharehokjerfs share of thanges in equity Sin the date of the combination. Total comprehensive inccffie is attributed to r)n-cOntrOllIThJ interests even rf this results in the non-controlling interests havirvJ a dert balarKe. Exemption from preparing a cash flow statement The tharity opted to eady adopt Bulletin I wblished on 2 February 2016 a1 have therefore not included a cash flow statement in tFse finaal ststements. Going concem The trustees consider that there are no material urrtaintieS about the group's abilty to continue as a 9)ing concern rsor any signifTrnt areas of uncertainty that aff the carrying value of assets held by the group. Income and endowments Dividends are recojnised On the dNKlerthJ has teen dedared aThJ notifKation has b*n received of the dividend due. Page 17
Barnsley Community Build Notes to the Financial Statements for the Year Ended 30 April 2021 Expenditure All expenditu 6 recognised 0e th is a legal or constnKbve c4)ligatK)n to that expenditu, it is probable setuement is required and the amount can be measured reliably. All costs are all¢xataJ to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot diredy attributed to partKuLar headiThJs they have teen alkKated on a basis consistent with the use of resour, with ntral staff costs alkxated on the basis of time spent, and depreciation charges alIcted on the tM)rtTh of the asseys use. Other support Costs are allcG3ted based on the spr&id of staff costs. Charitable aLvitiof Charitsble expenditure comprw tse costs incurred by the charity in the delivery cl its 1vit5 and services for its benerlarieS. It indude5 both costs that can be allocated directly to swh activities and those costs of an indirect natu rte$sary to $UpF them. Governance costs These include the costs attributsble to the thariWs compliae with constitutional and statutory requirements. incliKling audi¢ stTategK management and trustee5'5 etiJ5 and reimbursed extenses. Taxation The charity is consider8J to pass the tests set out in Paragraph I Schedule 6 of the Finan Att 2010 and therefore it mts the definition of a charitsble company for UK cOrrat)n tsx purp)se5. Accordingly, the chanty is wtentially exempt from taxatiM in resp of income or capitsl gains received within categories covered by Chapter 3 Part 11 of the COrporatn Tax Act 2010 or Section 256 of the Taxation of Chargeable Gairs Act 1992, to the extent that such income or gains are applied exclusivety to Charitsb pUre$. Tanglble ilxed assets Individual fixed assets costing £O.(M) or more a inthlty recorded at cost, less any subs8]uent accumulated depreaation subsequent Cumu3ted impaiment losses. Depreciation and amortisation Depreciation is provided on tsngible fixed assets so as to write off the cost or valuath)n, less any estimated residual value, over their expected useful economic lrfe as folk)ws: Investment properties Investment property is carried at fair value, derbved from the current market pn for comparable real estste determined annualty by extemal valuers. The Valr5 use observable market pri5, adjusted if eSsary for any differen in the nature, Ition or coThlition of specifK as*t. Changes in fair value are rrfognised in profft or loss. Page 18
Barnsley Community Build Notes to the Financial Statements for the Year Ended 30 April 2021 Business combinations Business combinations are accounted for under the purchase methomj. Where reSSary¢ adjustments are made to the financial ststements of subsidiar$ to brirrfJ the accounting liOeS used into line with those used by the group. All intra4Jroup tran$artns. balan, income and expenses a eliminated on consolidation. In acCOrdar with Section 35 of FRS 102, SectK*n 19 of FRS 102 has not been applied in these finala1 Statents in reskErt of bugness combinats.ons effected prior to the date of transition. Trade debtws Trade debtors are amounts due from customers for merchaThJise or seNiw Ferformed in the ordinary coutse of business. Trade debtors are recc<Jnised initially at the transaction price. They are subsequently measured at amortised cost using the effettive interest method, less provisK)n for impalmnt. A provision for the impairment of trade debtors s estsblished when there is objective eviden that the charity will not be able to collect amounts due accordiThJ to the orwjinal terns of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-temi highly Itquid investments that are readi convertible to a krh)wn anh)unt of cash and are subject to an insignificant risk of change in value. Borrowings Interest-ttaring borrowiro5 are initsally recorded at fair value, net of transaction costs. IntereSt-rIrvj borrowings are subsequendy carried at arrK)Ttised cost, with the differen between the prc(eeds. net of transact costs, and the amount dLE on redempts'on teing recognised as a tharge to the Ststement of Finala1 Activities over the penfyy of the rekvant torrowing. Interest expense is recowised on the basis of the effective interest Meth( arKI bs iluded in irterest payable and similar charges. Borrowings are dassified as current liabilities unless the charbty has an url1t1OnaI right to defer settlement of the liabilty for at kast twefve months after the rertIng date. Pa3e 19
Barnsley Community Build Notes to the Financial Statements for the Year Ended 30 April 2021 Foreign exchange Transactions in foreign currencies a rordj at the rate of exchange at the date of the transaction. Monetary assets and lia"11t[e$ dencmninated in foreign currerKEs at the baiarKe sheet date are rerted at the rates of exchange pall1j at that date. The results of overseas operations are translated at the average rates cl exchange during the period and their balan sheets at the rates ruling at the balance sheet date. Exchange differences arising on translation of the openiryj net assets and results of overseas Operar are rekKSrted in other comprehensive income aThJ xcurnulated in equty (aitribubj to non-controlling interests as appropriate). Other exchange dIfferereS are recognis&J in the Strtent cl Financial Activities in the pericd in which they arise except for.. l) exchange differen on traD5acbons entered into to We rtain foreign currero risks (see above),. 2) exchange differen arising on gains ty losses M rnn-rnetsry items whKh a recTrJnised in other comprehensive income; and 3) in the tsse of the consolidated financial statements. excharvje differentts on monetary items receivale fr(Nn or payable to a foreign operation for whKh setUeThEnt is neits planned Th)r likely to c(cur (therefore foming part of the net investment in the fOren operation), which are rniSed in other compreherssive income and rewrted under equity. Fund structure Unrestrirted income funds are general funds that are avaik4ble for use at the trustees's discretion in furtheran of the objettives of the grojp. Financial instrnments Financial assets and financial liabilities are reccgnised when the group becrmnes a party to the contractual provisions of the instrument. nancial liabilities and equty instruments are dassiw according to the substsnce of the contrattual arTrngements entered into. An equty instrument is any contract that evidence5 a resmdual interest in the assets of the group after deducting all of its liabilrt*5.
Barnsley Communlty Build Notes to the Financial Statements for the Year Ended 30 April 2021 All financial assets and Ikibilities a infcwlly measured at tranSaCn prKe (irKludiThJ transaction costs), except for those finarrial assets daSsrfd as at fair value through profit or 1055, which ale initially measured at fair Vall (which is rrnal the transartion Pri excluding transxtion c05ts), unles5 the arrangement constitutes a financing trarsaction. If an arrarmjement constitutes a financing transaction, the financial asset or finanaal liabilty is measured at the present value of the fvture payments discounted at a market rate of interest for a simikir debt instrument. Flnancial assets and Ikikn'lfties a only offset in the statement of finarKial position when, and onty when there exists a legally enfOrb rtght to set off the recry3nised amounts and the group intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Financial assets are derecoJnised wn and onty wtren a) the contractual rights to the cash fk)ws from the financial asset expire or are settled, b) the group trartsfers to arother party substantkilly all of the risks and rewards of ownership of the finanaal assef or c) the group, despite havirKJ retained some, but not all, signifKant risks and rewards of ownership, has transferred control of the asset to Financial liabilities a (*recc4Jnis&l onty when the obligan Srd in the contract is discharged, Canlled or expires. Page 21
Barnsley Community Build Notes to the Financial Statements for the Year Ended 30 April 2021 Debt instrunKnts Debt instruments which meet the followiry c(YkJitions are subsequenuy measured at arrthised cost using the effective interest methrKI: (a) The contractual retum to the holder is (i) a fixed amount; (li) a positive fixed rate or a positive variable rate; or (iii) a combinatim of a positive or a negative fixed rate and a F¢sitive variable rate. (b) The contract may provide for repayments of the principal or the return to the holder (but rKst th} to be linked to a sirole relevant observable Ind of general pritr inflats.on of the currency in which the debt instrument is denominated, provKled such links are not thraged. (c) The COntrt may provide for a detemiinable variation of the return to the hokyer duriw the lrfe of instrument, provKlgJ that (i) the new rate sab'sfie5 conditson (a) and the varsat)n is not contingent on future events other than (l) a chaNJe of a cOntrtUal varsable rate; (2) to protect the holder against credfc deterioration of the issuer: (3) charKJes in levies applied by a ntral bank or arising from changes in relevant taxation or law; or (li) the new rate is a market rate of interest and satisfies condith)n (a). (d) There 6 rn contrartual provision that could, by its terms. result in the holder h)sing the principal amount or any interest attribtae to the current pericMI or penthts. (e) Contrual provisions that peit the issuer to prepay a debt instrument or pemiit the holder to put tt back to the issuer befo maturity are not contingent on future events, cther than to protect the holder against the credit deterKyation of the issuer or a chary in control of the issuer, or to protect the holder or issuer against charKJes in levies applied by a trntral bank or arising from charrfjes in relevant taxation or law. (Q Contractual provisions may Fermfc the extension of the term of the debt instrument, provided that the return to the hohjer and any other contractual provisions applble during the exten term satisfy the conditions of paragraphs la) to {c). Debt ir6truments that are classifted as payable or receivable within one year on inttyal cCI)nitrt and vthich meet the aLKsve coThJitions are measured at the undiscounted anUnt of the cash or other consideration eX&ted to i pahj or received, net of impainnent. With the exCeptn of sone hedging instruments. ¢ts debt instruments not tIng these conditrons are measured at fair value thrY)ugh prclit or k)ss. Commrtments to make arKI re1ve ktans which meet the CtyKlitions mentioned alme are measur&J at Cost (which may be nil) le55 impairment.
Barnsley Communlty Build Notss to the Financial Statements for the Year Ended 30 April 2021 Inve5trnents in non<onvertibk preferen shares and rk)n-puttable ordinary or preferen sha$ (where shares are pUblY traded or their fair Val is reliabty measurnble) are measured at fair value through profit or k)ss. Where fair value canTh)t measured reliably, investments are measured at cost less impalmnt. Investments in Subsidia and asgxiates are measured at cost less impairment. For investments in subsidiaries acquired for consideTrtion including the issue of share5 qualifying for merger relief, cost is measured by reference to the rN)minal value of the shares issued plus fair value of other considerabon. Any premium 15 igrM)red. Derlvatlve finandallnstrunlts The group uses derNatNe finaal instruments to rede expM)sure to foreign excharwje risk and interest rate movements. The group t issue derNatNe finanoal instruments for speculative purFQ5e5. DerivatNes are initially reccgnised at fair value at the date a derbvative contract ts entered into and are subsequently remeasured to their fair Val at each M)rtIng date. The resulting gain or loss is recojnised in 5tstement of finala1 acbvities immediately unkn the derivative is designated and effective as a hedging instrumenL in which event the timirMJ of the 0nIt)n in statement of finanoal activities depends on the rklture of the hedge relatK)nship. Fair value nw$urnnftt The test eviden of fair value is a quoted prKe for an identKal asset in an active markeL When quoted pri5 are unavaiLable, the prKe of a recent transartn for an identical asset provides evidence of fair value as long as there has not been a SnITICant change in economic circumstances or a significant lawJe of time since the transaction t(M)k place. If the market is not active and recent transartions of an KlentKal asset on their own are not a g(M)d estimate of fair value, the fair value is estimated by using a valuation technique. 3 1nc¢me from other tradlng actlvlttes Total 2021 4 Investment incrf)me pa 23
Barnsley Communlty Build Notes to the Financial Statements for the Year Ended 30 April 2021 Unrestricted furHIs Total 2021 Totsl 2020 Intsre5t receivable and similar incorne; Interest receivable on bank thtrf)sits Income from rents 5 Other income Unrestrirted funds Total 2021 Total 2020 Income from tr&11r Sudiary 389 719 350 437 6 Expenditure on dwrltable activities nds Totsl 2021 Totsl 2020 General 194,205 194,205 252,976 Depreciation, arr¥JrtlSat and other similar costs Stsff costs &)Vernan costs 15.502 324,868 15.502 324,868 16,886 403,798 541575 £Nil (2020 - £Nil) of the above exFw¥Jiture was attrilxrtable to unrestrKted funds and £Nil (2020 - £Nil) to restricted funds. Page 24
Barnsley Community Build Notes to the Flnancial Ststements for the Year Ended 30 April 2021 7 Analysis of governance and support costs funds Total 2021 Total 2020 General IndetEndent examirtr fees Examinab"on of the finala1 ststwnents 8 Net incomingloutgoing resources Net outgty'ng resour for the year irKJude.' 2021 2020 Depreciation of red assets 9 Trustees remuneration and expenses No trustees, nor any [stS connected wth them. have rttewed any remuneration from the group duriNJ the year. No trustees have red any re1mlr5ed eX[Se5 or any other bfits from the tharity during the year. iostaff costs The gregate payroll costs were as follows: 2021 2020 Staff costs during the year were: Wages and salaries Social security costs Pension costs Other staff costs 301,465 14,771 5,622 395,599 5,658 The monthly average number crf Ftrsons (induding senior management team) employed by the group during the year expressed as full time eqUaknts wa5 as follows:
Barnsley Community Build Notes to the Financial Statements for the Year Ended 30 April 2021 2021 2020 Trading activities Charitable attivities 23 31 24 32 No empioyee hVed errM)luments of nTh)re than £60,(KM) during the year. 11 Independent examiner's remuneration 2021 2020 Examination the financial ststements 12Taxation The group is a Lstered charity is ts*refo exempt frcrfn Ltion. 13Tangible fixed assets Group Furniture arbd equipment Land and bulldings Computer equipment vehides Total At l May 2020 Additions 622,949 60,918 62,100 13,048 759,015 At 30 ApKil 2021 760 115 Depredatlon At l May 2020 Charge for the year At 30 April 2021 163,039 58,294 50,472 13,048 284,853 311974 Net book value At 30 April 2021 At 30 April 2020 436 672 459 910 474 162 Included within the net trxok value of larKI armd buikjings atove is £436,672 {2020 £448,291) in respert of freehold knd and buildings and £Nil (2020 - £Nil) in SpeCt of leaseholds. Page 26
Barnsley Community Build Notes to the Financial Statements for the Year Ended 30 April 2021 Charity Land and IMAlldlngs Computer equipment vehldes Total At l May 2020 At 30 April 2021 Depreciation At l May 2020 Charge for the year 121,CQ7 7,215 13,048 141,350 At 30 April 2021 144,325 7.215 Net book value At 30 April 2021 436 672 At 30 April 2020 459 910 459 910 14 Fixed asset investments Group 2021 2020 Investment prcyerties 168 855 168 855 Investment properties Investment properties Cost or Valuation At l May 2020 168 855 Provisio At 30 April 2021 Net book value At 30 April 2021 168 855 At 30 April 2020 168 855 The investsnent proty is valued at Lyiginal cosL Tr trust$ are of the opinion that the valuation of the PrOty at the year end is materially different the LvKJinal cost. Page 27
Barnsley Community Build Notes to the Financial Statements for the Year Ended 30 April 2021 Details of undertaklngs Detsils of the investrnents in which the gn)up Fw)kls 20% or of the nominal value of any ctass of Sha capitsl are as fdlows: Country of incorporation Proportlon of votln9 Principal rlghts and shares held activity 2021 2020 Undertaking Holding Subsidiary undertakings BCB Trading Limited UK Ordinary loo% Construttion and training Page 28
Barnsley Community Build Notes to the Financial Statements for the Year Ended 30 April 2021 Subsidiaries The loss for the financial period of BC3 Tradifvj Limited was £60,925 (2020 - £148,602) and the aggregate amount of capitsl arKI reserves at the erKI of the period was £(226,194) (2020 £(165,270)). Charity 2021 2020 Investment properttes Shares in grcNJp undertaknngs and pattiapating interests 168.855 168,855 Investment propertie5 Investment properties Cost or Valuation At l May 2020 Provision At 30 April 2021 Net book value At 30 April 2021 168 855 At 30 April 2020 There has been no valuation of investment prOty by an independent valuer. 168 855 Page 29
Barnsley Community Build Notes to the Financial Statements for the Year Ended 30 April 2021 Shares In group undertakings and participating interests Subsidiary undertakings Total At l May 2020 At 30 April 2021 Net book value At 30 April 2021 At 30 April 2020 Details of undertakings Detalls of the investrnents in which the charity hokjs 20% or of the Trjninal value of any dass of share capitsl are as ftAbws: Country of Proportion of votlng Prlnclpal rights and shares held activity 2021 2020 Undertaking Subsidiary undertakin9S BCB Trading knmited UK Ordinary loo% i(KJ% ConstrLKtion 15Debtors Group Charity 2021 2020 2021 2020 Trade debtors Due from group undertakings ppaYMents other debtors 6.013 2,759 79, 100,802 1,207 100 802 16Credltors: amounts falling due after one year Pa9e 30
Barnsley Community Build Notes to the Financial Statements for the Year Ended 30 April 2021 Group Charity 2021 2020 2021 2020 Bank loans Trade creditors Other creditr Accruals 27,281 34,666 78.051 27,281 32,121 142,887 (5) (5) 191391 Page 31
Barnsley Community Build Notes to the Financial Statements for the Year Ended 30 April 2021 17Funds Group Balance at 30 April 2021 Balan at i May 2020 Incoming Resources resour$ expended Unrestricted funds General 470 570 Balance at 30 April 2020 Balan at I Incoming Re)UrceS May 2019 resources expended Unrestricted funds Gra1 507 585 525 661 Charity Balance at 30 April 2021 Balance at I Incoming Resources May 2020 resources expended Unrestricted fvnds General 680 851 Balance at 30 April 2020 Balan at I Incoming Resouros May 2019 resour expended Unrestricted funds General 690 931 Page 32
Barnsley Community Build Notes to the Financial Statements for the Year Ended 30 April 2021 18Analysis of net assets between funds Group Charlty 19Analysis of net funds Group Atlmay 2020 At 30 April 2021 Cath flow Cash at bank and in haThJ 6,341 160 6,501 Nst debt 6,341 160 6,501 Group Atlmay 2019 At 30 Apr51 2020 Cash flow Cash at bank arnl in hand 6,341 6,341 Net debt 6,341 6,341 20Grants repayable During the year £15,0() was returned to Lottery. This was in respett of grant money unused at the end of a project. P•Je 33
Barnsley Community Build Statement of Financial Activities by fund for the Year Ended 30 April 2021 Unrestricted funds General Funds A 2021 Income and Endowfflents from: Investment income Other inccthe 40,463 430 107 Total Incorre 470 570 Expenditure on: CharitatAe actiwtie5 Total exFtnditure Net expenditure Net movement in fu5 (71,CK15) Reconciliation of funds Totsl funds brought foThYard Total funds carried forward Page 34
Barnsley Community Build Detailed Statement of Financial Activities for the Year Ended 30 April 2021 2021 funds Total 2020 General Total Income and Endowments from: Other trading activities {anatysed telow) Investment iome (analysed Lkn) Other Irome (analysed t) 87,662 48,573 371350 Totsl ifKome 507 585 Expenditure on: Charitsble activr(S (anatysed telow) 541575 683 661 Totsl expenditu 683 661 Net expeTrJiture 176 076 Net movement in funds (71,005) {71,005) (176,076) Reconaliation of funds Totsl funds brought fon¥ard 701737 Totsl fur5 carrd forward Page 35
Barnsley Community Build Detailed Statement of Financial Activities for the Year Ended 30 April 2021 2021 Totsl 2020 Total Sale5 2021 2021 fvnds Total 2020 General Totsl InVeStnltIncon Income from other investments Rentsl incoTh 2021 2021 funds Total 2020 General Total Sales Environmental sales Management charges recwed Govemment grants reYeiv&J Grants and subsidies receivable 176,253 213,466 176,253 213,466 343,596 6,841 20,913 21.388 21,388 430 107 Page 36
Barnsley Community Build Detailed Statement of Financial Activities for the Year Ended 30 April 2021 2021 2021 funds Totsl 2020 Total Charftable artiw1$ Orening st(Kk Materials Purchases Wages and salaries Stsff pensions Subcontract cost Hire of other assets Stsff NIC (Employers) Lease of motor ¥ehKle5 (Orerating leases) Redundary costs Rent 96,420 33,413 5,292 395,599 5,658 13,717 45,497 45,497 301,465 5,622 47.755 5,305 14,771 35 301,465 5,622 47.755 5,305 14,771 35 306 12,488 12,304 15.367 15,534 147 1,594 6.797 12,488 12,304 15,367 15,534 147 16,650 14,916 18,689 7,316 529 Rates LohL heat arKd wwer Insurance Repairs Telep Computer softs¥are and Maintenan costs Printing, FQStage arKI stationery Trade subscriptions Sundry expenses Cleanir¥J Bad debts written off Motor expenses DepreCiatn of Off equiKrnt staff bonuses Grants repayable Stsff training Bank charges FreelKJbJ property depreciatKsn Depreciation of plant and machinery (owned) Depreciation of fixtures and frttings (owned) DepreciatM)n of motor vehides (owned) 1,594 6.797 4,339 4,212 386 717 4,088 233 786 233 (3,149) 13,444 (3,149) 13,444 24,619 455 59) 3,010 15,000 3,010 15,OCM) 951 1,304 11,619 474 189 11,619 354 350 3,179 11,619 354 350 465 3,873 3,179 Page 37
Barnsley Community Build Deta61ed Statement of Financial Activities for the Year Ended 30 April 2021 2021 Unrestricted funds 2021 Total 2020 General Totsl Staff entertaining (allowable ts tsx) Other interest r1ved Accountsncy fees 4,333 4,333 5,958 105 541575 Page 38