Company registration number: 04193316 Charity registration numiEr: 1087798 Barnsley Community Build (A company limi￿1 by guarantee) Annual Report and Financial Ststements for the Year Ended 30 April 2023 Thorntons Accountants 176-178 Pontefract Road Cudworth Barnsley South Yorkshire S72 8BE Barnsley Community Build Contents Reference and Administrative Details Strategic Rewrt Trustee5' Report 3to6 Independent Examinevs Report 7t08 Consolidated Statemenl of Financial Activities Consolidated Balan￿ Sh*t io Balance Sheet li Congjlidated Statement of Cash Flows 12 Statement of Cash Flows 13 Notes to the Financial Ststements 14to33 Barnsley Community Build Reference and Administrative Details Chairman Mr JW Hayward Charlty Registration Number 1087798 Company Registration Number04193316 Registered Office 185-189 Sheffield Road Barnsley South Yorkshire S70 4DE Independent Examlner Thorntons Accountants 176-178 Pontefract Road Cudworth Barnsley South Yorkshire S72 8BE Page I Barnsley Community Build Strategic Report for the Year Ended 30 April 2023 The trust￿, who are directors for the purposes of company law, present their strategic report for the year ended 30 Aprll 2023, in complIan￿ wlth s414C of the Companies Act 2006. Financial revlew Policy on reseThes The Board of Trustees has considered the Charity's requirements for reseNes in light of the main risks to the operation and continue to generate enough cash surplus to set aside funds to provide for the future and future projects. Modest cash reserves have b*n accnjed sufficienl to run the Chartty. The Charity has, over the past few years, been able to acquire substsntial property assets which continue to bring in rental income from other public sector bodies who lease some of the accommodation. The trustees are cU￿netlY in the pr[￿55 of selling one of the rental properties to Increase cash werves The strategic report was approved by the trustees of the charity on 26 Aprll 2024 and slgned on fts beha￿ by.. rlWH Chaimia ard Page 2 Barnsley Community Build Trustees. Report The trustees, who are directors for the purposes of company law, present the annual reFQrt together with the flnancial ststements of the charitable company for the year ended 30 April 2023. Objectlves and activities Publicbenefit The principal objective of the Charity is the promotion, for the public benefit, of urban and rural regeneration in areas of social and economlc deprivation (particularly Barnsley and surrounding South Yorkshire Area). Barnsley Community Build has developed a range of regeneration artwit1￿ to meet this obj'ective including.. The training of app￿ntiCe5 at Sts ￿s0￿￿ ￿ntre at Moorlands where the simulated training areas allow learners to develop valuable work sknlls and kr￿ledge in preparation for proving their industrlal cornpeten￿ In the construrtion industry. The development of the apprenti￿, education skills particuSarly in English language and mathematlcs together with the ACE qualification in conjunction with CPA. A community refurbishment scheme at Athersley. The provision of social housing. Seeking to keep I(￿al areas tidy and f￿e of litter through the provision of clean up teams. In setting plans and priorities for areas of work, the Trust￿ of Bamsley Community Build have had regard to the guidan￿ from the Charity Commisslon of the provision of public benefit. In particular, the Trustees consider how planned activities will contribute to meeting the objectives they have set. How Barnsley Community Build delivers its principal charitsble objective, that of social and economic r￿eneratIOn in Barnsley and surrounding areas, is demonstrated in the above summary of Barnsley Community Build's objectives and achievements against that plan. The public beneflt arising from Barnsley Communlty Build's wod( is impliat in the services delivered and the ac￿5 to these by the local and surrounding communities thus assisting them in their daily lives, providing OPFKJrtunities for personal development as well as social and economic benefits to the The tnjstees confirm that they have complied with the requlrements of section 17 of the Charitles Art 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Trustees and Offi￿r5 The trust￿ and Offi￿rS seNing during the year and Sin￿ the year end were as follows: Trust￿5.. Mr IR Clark Ms SA Nixon Chairman: Mr JW Hayward Page 3 Barnsley Community Build Trustees. Report Strurturei governan￿ and management Ivature ofgovemlng document The Charity is a charitable company limitèj by guarantee, numlkr 04193316. It is a registered charity number 1087798. It is governed by a Memorandum and Articles of Association. Induth47n and training of tn￿tee$ On appointment new Trustees are pmvlded wlth Inductlon training in relation to their duties and reswnsibilities for the Charlty. Trustees are also provided wlth additional training if reqUI￿d and tske part in a range of activitles to enable them to u￿late and Improve their skills and knowledge. Oryanisational structure The Trustees, who are also the directors for the pursy)se of company law, who served durlng the year lor have been apw)inted sub5equendy) were.. Cllr J W Hayward J Rclark SA Nixon F Bootha-Klng - ￿Signed None of the Trustees has any beneficial Interest in the company. All of the Trustees are members of the company and guarantee to contr7bute £1 in the event of a winding up. The Trustees have delegated day to day management of the Charity's actlvitles to a management team with each separate projert and area of charitable activity being directly managed by a project manager reporting to the Board. The Board meets on a monthly bas15 to provide oversight and Strategic direction where they recefve report5 from the project manager5 and consider the monthly ftnancial reports. The Trustees regularly assess the risks to which the Charity Is exkx)sed, in particular major operational and financlal risks, and a￿ satisfied that systems are in Pla￿ to mitlgate exposure to the major risks. The remuneration of the key management personnel identified within the financial statements wlll be determined, monitored and review* by the Trustees. Factors taken into account will include level of reswnsibility, context and complexity of the role, benchmarking from similar providers as well as current and potential business requirements. Detsils of the Charity's transactions with its related parties are included note Page 4 Barnsley Community Build Trustees, Report Flnanaal Instruments Objertives andpolldes The group's activities expose It to a ntjmber of finarKial risks induding Cred￿ rlsK cash flow risk and liquidity risk. The use of financial derNatives is governed by the group's policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The group does not use derivative financial instruments for SFeculative purposes, Cash flow risk The group's activities expose it primarily to the financial risks of changes in fO￿Ign currency exchange rates and interest rates. The group uses foreign exchange fomard contratt5 and interest rate swap contracts to hedge these exposures. Interest bearing assets and liabillties are held at fixed rate to ensu￿ ￿rtaInty of cash flows. Creditrfsk The group's principal financial assets are bank balances and cash, trade and other receivables, and investments. The group's credit risk is primarily attributable to ts trade receivables. The amounts presented in the balan￿ sheet a￿ net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is eviden￿ of a reduction In the recoverability of the cash flows. The credit risk on liquid funds and derivative financial Instnjments is limited because the coUnterpa￿e5 are banks with high credit-ratings assign￿￿ by international credit-rating agencies, The group has no significant cOn￿ntratIon of C￿dit risK with expKJsure spread over a large number of counterparties and custome￿. quidityrisk In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the group uses a mixture of long-temi and short-term debt finan￿. Further detalls regarding liquidity risk can be found in the Ststement of accounting wlicies irs the financial ststements. Golng concern risk The trustees recognise that the charity has running at a defecit and have sold investment properties after the year end, the proceeds will be used to pay off oustanding liabilities and give a cash inJ*ion to ensure the charity can meet its future obligations. The trustees therefore consider that accounts should be prepared under the going concern basis. Page 5 Barnsley Community Build Trustees, Report ststement of trustees, responsibilities The tnjstees (who are a150 the directors of Barnsley Community Build for the purposes of company law) are reswnsible for p￿parIng the tru5tees' report and the financial statements in accordan￿ with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi￿), including FRS 102 'The Flnanclal Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they a￿ satisfied that they glve a true and fair view of the state of affairs of the parent charitsble company and the gmup and of the incoming resou￿$ and application of resour￿, including its income and expenditure, of the charitsble group for that period. In preparing these financial ststements, the trustees are required select suitable accounting t(Jlicies and apply them consistendy,. obseNe the methods and principles in the Charities SORP,. make judgements and estimates that are reasonable and prudent,. state whether applicable accounting stsndards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements,. and prepare the financial ststements on the going concern basis unless it is inappropriate to presume that the parent charitsble company will continue in business. The trust￿5 are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financlal position of the parent charitsble company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also ￿5[X)nSIble for safeguarding the assets of the parent charitable company and the group and hen￿ for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are resp)nsible for the rna1ntenan￿ and intejrity of the corporate and financlal infomation included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other Jurisdictions. The annual report was approved by the trustees of the charity on 26 April 2024 and slgned on Its behalf by: rjw Chaim)an Page 6 Barnsley Community Build Independent Examiner's Report to the trustees of Barnsley Community Build {'the Group,) I report to the charity trustees on my examination of the consolidated accounts of the Group comprising the Barnsley Communty Build and its subsidlary undertakings for the year ended 30 April 2023. Responsibilitie$ and basis of report As the trustees of the Group (and also its directors for the purposes of company law) you a reswnsible for the preparation of the consolidated accounts in accordance with the reqU1￿ments of the Companies Act 2006 Cthe 2006 Act,). Having satisfied myself that the accounts of both Barnsley Community Build and the Group are not required to be audlted under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your consolldated accounts as carried out under section 145 of the Charities Art 2011 Cthe 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examinerfs ststement sin￿ the Group's gross income exceeded £250,000 your examlner must be a member of a body listed in section 145 of the 2011 Att. I confirm that l am qualified to undertake the examination because l am a member of Members of ACC4, which is one of the listed bodies. I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe: l. accounting records were not kept in respect of Barnsley Community Build as required by section 386 of the 2006 Act,. or 2. the accounts do not accord wf(h those r￿rdS,. or 3. the accounts do not comply with the accounting requirements of sectlon 396 of the 2Tr)6 Act other than any requirement that the acc()unts give a 'true and fair vlew, which is not a matier consldered as part of an independent examination,. or 4. the accounts have not been prepared in accordan￿ with the methods and principles of the Statement of Recommended practi￿ for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concerns and have come across no other matters in connertion with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Page 7 Barnsley Community Build Independent Examiner's Report to the trustees of Barnsley Community Build ('the Group,) Mathew Parsons FCCA - For and on tEhalf of Thorntons Accountants Members of ACCA 176-178 Pontefract Road Cudworth Barnsley South Yorkshi 572 8BE 26 April 2024 Page 8 Barnsley Community Build Consolidated Statement of Financial Activities for the Year Ended 30 April 2023 (Including Consolidated Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Total 2023 Note Income and Endowments from: Investment income other income 23,498 371234 23,498 371234 Totsl income 394 732 Expenditure on: Charltsble activities 473,301 473,301 Total expenditu 473 301 473 301 Net expendlture 78,569 Net movement In funds (78,569) (78,569) Reconciliation of funds Totsl funds brought forward 348 633 348 633 Totsl funds carried fomard 18 270 064 Unrestricted funds Total 2022 Note Income and Endowments from. Investment income Other income 29,345 367 841 29,345 367,841 Total income 397 186 397,186 Expendlture on: Charitsble artivities 503 209 Total expenditure 503 209 503 209 Net expenditure 106 023 106 023 Net movement in funds (106,023) (106,023) Reconciliation of funds Totsl funds brought forward 454 656 Totsl funds Carri￿ forward 18 348 633 All of the group's activities derive from continuing operations during the above periods. The funds breakdown for 2022 15 shown in note 18. The note5 on pages 14 to 33 form an integral part of these financial statements. Page 9 Barnsley Community Build (Registration number: 04193316) Consolidated Balance Sheet as at 30 April 2023 2023 2022 Fixed assets Tangible assets Investments 13 419,622 168,855 433,543 168,855 602 398 588 477 Current assets Debtors Cash at bank and in hand 15 16 5,628 2,130 2,328 1,925 Totsl assets less current liabilities 596,235 606,651 Creditors: Amounts falling due after more than one year 17 326 171 258 018 Net assets 348 633 Funds of the group: Unrestrirted Income funds Unrestricted funds 348 633 Totsl funds 18 348 633 For the financial year ending 30 April 2023 the charity was entitled to exemption from audit under tion 477 of the Companies Act 2006 relating to small companies. Directorfs re5ponsibilities'. The members have not required the charty to obtain an audit of its accounts for the year in question in accordance with section 476; and . The directors acknowledge their reswnsibilities for complying with the ￿qUirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accxjrdance with the provisions applicable to companies subject to the small companies regime. The financlal statements on pages 9 to 33 were approved by the trust￿, and authorlsed for Issue on 26 April 2024 and signed on their behalf by: JWHa Chairman The notes on pages 14 to 33 foTh an integral part of these financial statements. Page 10 Barnsley Community Build (Registration number: 04193316) Balance Sheet as at 30 April 2023 2023 2022 Note Fixed assets Tangible assets Investments 13 413,434 168,856 425,053 168,856 582 290 593 909 Current assets Debtors Cash at bank and in hand 15 16 86,475 210 86,475 255 Total assets less current liabllltles 668,975 680,639 Creditors: Amounts falling due after more than one year 17 Net assets 657 897 669 561 Funds of the charlty: Unrestricted income funds Unrestricted funds 657 897 Totsl funds 18 657 897 669 561 For the financial year ending 30 April 2023 the charity was entftled to exemption from audit under section 477 of the Companies Art 2006 relating to small companies. Directorfs responsibili￿e$. The members have not required the charfty to obtain an audit of Its accounts for the year in question in accordance with section 476,. and The directors acknowledge their responsibilities for complying with the requirements of the Act with respert to accounting records and the preparation of accounts. These accounts have been prepared In accordantr with the provisions applicable to companies subject to the small comparsies regime. The financial statements on pages 9 to 33 were approved by the trustees, and authorised for issue on 26 April 2024 and signed on thelr behalf by: rJWH Chaimia The notes on pages 14 to 33 fomi an integral part of these financial statements. Page 11 Barnsley Community Build Consolidated Statement of Cash Flows for the Year Ended 30 April 2023 2023 2022 Cash flows from operating activlties Net cash exkEnditu (78,569) (106,023) Adjustments to cash flows from non-osh Items Depreciation Investment income 13,921 14,598 (88,146) (120,770) Working capltal adjustments (Increaselldecrease in debtors Incw5e in creditors 15 {3,300) 68,153 3,685 66,627 Net cash flows from operating activities (23,293) (50,458) Cash flows from investing activitles Inte￿$t rece¢vable and similar income Net increase/{decrease) in cash and cash equivalents 205 (21,113) Cash and cash equivalents at l May Cash and cash equivalents at 30 April All of the cash flow5 are derived from continuing 0￿rationS durlng the above tm ￿rtOd$. The notes on pages 14 to 33 fom an integral part of these financial statements. Page 12 Barnsley Community Build ststement of Cash Flows for the Year Ended 30 April 2023 2023 2022 Note Cash flows from operating activities Net cash expenditure Adjustments to cash flows from non-cash Items Depreciation Investment income (11,664) (11,290) 11,619 11,619 (45) (4,871) W0￿1ng capital adjustments Increase in debtors 15 Net cash flows from operating activit(es {45) (11,446) Cash flows from Investing actlvities Interest receivable and similar income Net decrease in cash and cash equivalents (45) 255 (6,246) Cash and cash equivalents at l May Cash and cash equivalents at 30 April 210 255 All of the cash flows a￿ derived from continuing operations durlng the above ￿40 periods. The notes on pages 14 to 33 fom an integral part of these flnancial statements. Page 13 Barnsley Community Bulld Notes to the Financial Statements for the Year Ended 30 April 2023 I Charity status The charity is limited by guarantee, incorporated in , and consequently does not have share Cdpitsl. Each of the trustee5 is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. The address of its ￿gIstered office is.. 185-189 Sheffield Road Bamsley South Yorkshire S70 4DE These financial statements were authorised for issue by the trustees on 26 April 2024. 2 Accounting pollcles Summary of signlflcant accounting policies and key accountlng estlmates The principal accounting policies applied in the preparation of these financial ststements are set out below. These policies have been consistently applled to all the years presented, unless othemise ststed. statement of complian The financial statements have b￿n prepared in accordance wlth Accounting and Reporting by Charities: Ststement of Recommended Practice (applicable to charities preparing their accounts in accordan￿ with the Financial Rewjrting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) (Charitie5 SORP (FRS 102)), the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basls of preparation Barnsley Community Build meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise ststed in the relevant accounting policy notes. Basis of consolldation The consolidated financial ststements consolidate the flnanaal ststements of the charty and its subsidiary undertskings drdwn up to 30 April 2023. No ststement of financral actwities is presented for the charity as permitted by sertlon 408 of the Companies Act 2006. The charity made a lo￿ after tax for the financial year of £11,664 (2022 - Ioss of £11,290). Page 14 Barnsley Community Build Notes to the Financial Statements for the Year Ended 30 April 2023 A Subsidiary is an entity controlled by the charity. Control is achieved where the charity has the power to govern the financial and operating policies of an entity so as to obtain beneffits from its artivities, The results of subsidiaries acquired or disposed of during the year are Included In the statement of financial activities from the effective date of acquisltion or up to the effective date of disposal, as appropriate, Where ne￿sary, adjustments are made to the financial statements of 5ub5idiarie5 to bring their accounting policies into line with those used by the group. The purchase method of accounting is used to account for business combinations that result in the acquisition of subsidiaries by the group. The cost of a business combination is measured as the fair value of the assets given, equity instruments issued and liabilities incurred or assumed at the date of exchange, plus costs direttly attributable to the busine55 combination. Identifiable assets acqulred and liabilities and contingent liabilities assumed In a business combination are measured initially at their fair values at the acquisition date. Any ex￿$ of the cost of the business combination over the acquirer's interest in the net fair value of the identifiable assets, liabilities and contingent liabilities recognised 15 recorded as goodwill. Inter-company transattions, balances and unrealised gains on transactions betW￿Tr the charity ar its subsidiarie5, which are related parties, are eliminated in full. Intra4Jroup losses are also eliminated but may indicate an Impaiment that requires recognition in the consolidated financial statements. Accounting pollcles of subsidiaries have been changed where necessary to ensure consistency with the pollcies adopted by the group. Non-controlling interests in the net assets of consolidated subsidiaries are identified separately from the group's equlty thereln. Non