Company registration numter: 04193316 Charity ￿l$tratIOn number: 1087798 Barnsley Community Build (A comp3ny limit&J ty guarantee) Annual Re￿￿t aTrJ Financ&31 Ststements for the Year Ended 30 April 2021 Thomtons Accountants 176-178 Pontefrdct Road Cudworth Barnsley South yo￿shire S72 8BE ,IIMillill *AB4(7G2Z* 1910512022 COMPANIES HOUSE #118 Barnsley Community Build Contents Referen￿ and Administrative Detsils Strategic ReP￿t 2to5 Trust￿, Rep)rt 6t09 IrKlependent Examinerfs RepMNt iotoii Consolidat& StateTr￿nt cl Finar#ial A(livities 12 Consolidated Ba￿n￿ 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￿ Ro￿1 c￿lWOrth 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 hoW￿r 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 ap￿ent￿S ￿lste￿d 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 pe￿anent 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 C￿Pletion of their qUalIf￿tiOns. 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 H￿￿e5 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 p￿7￿5 for fNe ￿￿PIe initially. It will run in the same format as CRS I where BerT￿la1 Home5 will fund a full-time SUF*rvisor {employed by BC8) and rive apprenti￿ to start tt* programme; ho￿Ul￿ this will develop into the same terms and conditions as CRS l and fc will be able to SUPFQrt ten ap￿ent￿e5. Bemeslai Homes continues to use our assisted decorab"r¥J services and the sery￿e 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 constrUtt￿n 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 w￿ramMe 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 servi￿5 aThJ try to suppty seThi￿ that are L￿)efIcial to the environment and people. It is beI￿Ved that the Charity and its subsidiary a￿ well pw to cope with the present WO￿ arhj oppM)rtunities. The Board of Trustees has c￿sid￿e0 the Charitys requI￿rneDts for reserves in luht of the main risks to the 0￿ratIOn 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￿ w￿h the folk)wing projects.. Training Centre {Mc4Jrlands Col*) this is presenty used for the da55rcom work for the app￿ntiCe5, qualiftcatton, arKI we are currendy in talk5 wth external training providers for the use of the c￿lege 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 rt￿ber of app￿ntice$ 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 MeM￿r 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 appI￿at￿)n is released by 8MBC. IJ£S l and CRS 2 will result in an increase of numter of ap￿entI￿ 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 W￿￿￿W￿le pandemic h&J on business throughout the country. Fortunately for BCB, the Environmentsl prcoramme was classed as essential so with the sUp￿rt 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 se￿1￿ 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 d*med 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 qLK￿d for I￿0 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 Cr￿panY law, present the annual re￿rt 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 S￿al arKI economic deprivation {pa￿cUladY 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 I￿luStrIal 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 provisK*n 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 pri￿paI 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 ach￿ewents against that pLqn. The public benefrt arisi￿ from Barn$￿Y C(Thmunty Bu￿d'S w￿rk 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 deVelO￿ent as well as srKial and economK ￿nefits to the area. The trustees confimi that they have complied with the reqUIr￿￿nts 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 rnana9en￿rt The Charity is a charitsble company limited by guarantee, number 04193316. It is a regISte￿d 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 activit￿5 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) W￿re. Cllr J W Hayward J Rclark SA Nixon F Bootha-King - reS￿ned 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 fina￿la1 reports. The Trustees ￿ulartY asse55 the risks to which the Charity is exwsed, in partKular major operational and financrdl risks. and are satisf￿d that 5ryStem5 are in Pla￿ to mitvjate exFosure to the major risks. The remuneration of the key management personnel KIentif￿ within tt* finanoal stateff*nts 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 b￿r*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 l￿rd of trustees. which provKle written principles on the use of financial derivatives to manage these risks. The group does not use derivative financial ln5trurr￿ts for S￿UlatIVe pur￿￿5. Cash fiowrisk The group's activities eX￿Se r( primarily to the finanaal risks of chaThJes in fO￿1gTh 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 prI￿paI fina￿la1 assets are bank balan￿ and cash, trade and cther receivabies, and investrnents. The group's credit ti5k is prin￿rIlY 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 tr￿re 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 ￿gnif￿ant concentration of credfc risk. wrth exFosure swead over a large n￿nber of counterpattie5 and customers. quidityrisk In order to maintain liquidty to ensure that suffic*nt fvnds a￿ avaikble for ongoing operation5 a￿1 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 A￿pted 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 fina￿la1 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 resou￿5 and ap￿IcatIon of resour￿, Ind￿1r￿j ts income and exrendItU￿, for that pericmj. In p￿parIng these fina￿la1 statements, the trustees are required to: selert suitable accounting p)licies and appty t￿7 CO￿StentlY. 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 finar￿la1 ststements: and prepare the financial statements ¢J) the going con￿rn basis unless it is inappropriate to presume that the charitable company will continL* in business. trustees a￿ resFX)nSib￿ for keeping r*equate 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￿)r￿lbIe 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 trt￿tees 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* cons0￿dated 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 re￿rt 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 Inde￿nt pJaminatK)n does not bnvol¥e gatheriTrJ all the eVIde￿e that WK￿ld be r4uired in an a￿lIt 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 ir￿Fendent exami￿5 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 b￿use l am a rnember of Members of ACCA, which s one of ￿ listed bc*lEs. 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 bel￿e. l. accounting records were not kept in reSp￿t of Bar* Communty Build as required by section 386 of 2CQ6 Act; or 2. the accounts do not accord with those r￿rds. 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 L￿n 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 pr￿r understa￿lIng of the accounts to be ￿ad￿d. 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 I￿ome Other Ir￿Me 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 eX￿ndItUre 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 c￿dItOrs. 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 fina￿la1 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 reSt￿nsIbIlitieS 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 acknoW￿dge their resFrf)nsibilit￿s for ccrfnplying with ts￿ requirements of the kt with respect to acc￿nting 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 re￿1vable and ymilar inccffte Purchase of trng￿￿ r￿ed 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 inc￿ase/(deCrea$e) in Gish arKI cash ￿vIVa￿ts 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 fInar￿la1 statements a￿ set out below. These F￿1c￿S have t*en 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 RepU￿1C 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 recc*Jnised at historical cost or transactKX) value unless otherwise stated in the relevant accountiThJ Foliq Th)tes. Basis of consolidation The consolidated financial statements Cor￿oI￿1ate 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 dIS￿SaI, as appropriate. Where ne￿sary, 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 acquisi￿￿n 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 l￿bIlItIeS 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 Impalm￿nt that requires recc4Jnition in consolidated finanoal statements. Accounting pjlicies of sUbs￿larieS 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 h*entif￿ separatety from the group's ￿Ulty the￿Ift. Non