Registered number: 3944240 Charity number: 1088227
## **BRADFORD YOUTHBUILD TRUST LIMITED**
**(A company limited by guarantee)**
**UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
**(A company limited by guarantee)**
## **BRADFORD YOUTHBUILD TRUST LIMITED**
## CONTENTS
||Page|
|---|---|
|**Reference and administrative details of the charitable company, its Trustees and advisers**|1|
|**Trustees' report**|2 - 6|
|**Independent examiner's report**|7|
|**Statement of financial activities**|8|
|**Balance sheet**|9 - 10|
|**Notes to the financial statements**|11 - 21|
**BRADFORD YOUTHBUILD TRUST LIMITED**
**(A company limited by guarantee)**
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES AND ADVISERS _FOR THE YEAR ENDED 31 MARCH 2022_
|**Trustees**|William Gordon Jennings,Chair|
|---|---|
||Mark Storey|
||Julie Stanworth(resigned 23 May2022)|
||Jonathan Graham Rogers|
||SallyElizabeth Redfern|
||Martin Calvert|
||Elizabeth Frank(appointed 7 June 2021)|
||Aishah Kiran(appointed 12 July2022)|
|**Company registered**
**number**
3944240
**Charity registered number**
1088227
**Registered office**
Barkerend Training Centre
Barkerend Road
Bradford
West Yorkshire
BD3 9BD
**Accountants**
BHP LLP
New Chartford House
Centurion Way
Cleckheaton
Bradford
West Yorkshire
BD19 3QB
**Bankers**
Unity Trust Bank
Nine Brindleyplace
Birmingham
B1 2HB||
Page 1
**BRADFORD YOUTHBUILD TRUST LIMITED**
**(A company limited by guarantee)**
## TRUSTEES' REPORT
_FOR THE YEAR ENDED 31 MARCH 2022_
The Trustees present their annual report together with the financial statements of the charitable company for the year 1 April 2021 to 31 March 2022. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the charitable company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
## _**Objectives and activities**_
## **a. Policies and objectives**
The company was registered as a charity on 28 August 2001. The objects of the charity as set out in the Articles of Association dated 9 March 2000 are:-
To provide Training and Employment opportunities for young people in the Bradford Metropolitan District, which support the development of Sustainable Communities, in terms of Physical/Environmental, Economic and Social improvements by all or any of the following means:-
(a) to improve the employability of young people in the Bradford Metropolitan District in particular the inner city area and districts with the highest levels of youth unemployment;
(b) to initially concentrate on Construction related projects, providing trade, technical and IT related training;
(c) to maximise funding opportunities for training young people through mainstream sources and linking this to the wider Regeneration Programmes such as New Deal for Communities, Single Regeneration Budget and the Housing Corporation’s Approved Development Programme;
(d) to engage other agencies in the delivery of these projects to maximise the potential benefit to young people and the wider community;
(e) to build confidence in both the individuals taking part and the Bradford Metropolitan District;
(f) to develop Young People capable of setting up business enterprises;
(g) to give Young People role models of their own age;
(h) to ensure Equality of Opportunity for all members of the Community;
(i) to relieve poverty in such ways as might be thought fit;
(j) the provision of financial assistance, technical assistance, or business advice or the provision of consultancy in order to provide training and employment opportunities for unemployed young people in cases of financial or other charitable need through help:
(i) in setting up their own business, or
(ii) to existing businesses;
(k) the creation of training or employment opportunities by the provision of workspace, buildings and/or land for use on favourable terms;
(l) the provision of housing for those who are in conditions of need and the improvement of housing in the public sector or in charitable ownership provided that such power shall not extend to relieving local authorities or other bodies of a statutory duty to provide or improve housing;
(m) the maintenance, improvement or provision of public amenities;
(n) assistance in the provision of recreational facilities for the public at large and/or those who, by reasons of their youth, age, infirmity, or disablement, poverty or social and economic circumstances have need of such facilities;
(o) the protection or conservation of the environment;
Page 2
**BRADFORD YOUTHBUILD TRUST LIMITED**
**(A company limited by guarantee)**
## TRUSTEES' REPORT (CONTINUED)
_FOR THE YEAR ENDED 31 MARCH 2022_
## **Objectives and activities (continued)**
(p) the promotion of public safety and the prevention of crime;q) to improve the educational attainment of young people of school age and beyond especially in relation to preparing them for work;
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## **b. Strategies for achieving objectives**
The charity over recent years has implemented a policy to move away from employed staff project delivery to commission and support other organisations in furtherance of the Trust objectives.
The charity has a policy of ensuring a stable income stream from its investment properties in order to cover core costs and to ensure that the arrears nature of funding does not cause cash flow problems.
## **c. Volunteers**
The charity does not make use of unpaid volunteers.
## **d. Main activities undertaken to further the charitable company's purposes for the public benefit**
The Trust’s purpose is to provide opportunities to improve the lives of young people and their communities through construction, environmental improvements and other vocational opportunities.
The Trust’s main objectives for the year included:
- Disposing of underutilised housing stock and the identification of projects to support vocational trainee opportunities for disadvantaged young people.
- Supporting the delivery of construction training in partnership with Aspire Igen (a not for profit trading provider) to deliver vocational training to young people from the Trust's Training Centre at Barkerend.
## _**Achievements and performance**_
## **a. Key performance indicators**
The charity made a surplus on unrestricted funds of £76,632 for the year (2021 - £77,145). The reserves of the organisation increased to £2,525,846 of which £1,490,000 relates to properties held for the use of disadvantaged people in the Bradford District and £194,799 relates to the Trust's Training Centre at Barkerend and computer equipment held. This leaves a net surplus of funds for future use of £841,047.
The net surplus of funds of £841,047 is represented by £6,367 net amounts owed to Bradford Youthbuild Trust Limited after allowing for amounts owed by them and £834,680 cash at bank and in hand, including funds on deposit.
Page 3
**BRADFORD YOUTHBUILD TRUST LIMITED**
**(A company limited by guarantee)**
TRUSTEES' REPORT (CONTINUED) _FOR THE YEAR ENDED 31 MARCH 2022_
## **Achievements and performance (continued)**
## **b. Review of activities**
In the last year the Trust continued to let its 22 social housing properties to local people in the Bradford District. These properties are managed on behalf of the Trust by Russell Wilson Property Management. The 22 properties continue to be popular with local residents with void periods and arrears below the average for similar properties within the social housing sector. We were pleased to find that the Trust’s income streams held up well during the Covid 19 pandemic and that residents in the main received the necessary support to maintain their tenancies. The Trust will continue to review properties which become vacant to assess whether the property continues to offer a good standard of accommodation for local people.
The Trusts training centre at Barkerend, which was in part let from October 2017 to Aspire Igen (a large not for profit local employment support organisation) on a 5-year lease continues to provide construction and motor training for disadvantaged young people, this work fits well with the aims and objectives of the Trust. The Trust plans to review the lease in the next Financial year 2022/23 with a view to extending the lease period for a further 5 years subject to confirmation Aspire Igen wish to continue delivering services to disadvantaged young people.
## _**Financial review**_
## **a. Going concern**
At the time of approving the financial statements, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **b. Reserves policy**
The Trustees’ aim is for the General fund to remain at a level equal to or greater than six months’ operating costs. This is to ensure that the charity could meet its financial obligations if there was a significant reduction in income.
## **c. Principal risks and uncertainties**
Changes to funding for Regeneration and Community projects have had a major impact on small charities. BYBT has mitigated this by commissioning partners to deliver programmes for disadvantaged people. The Trust will need to maintain the quality of its housing stock to protect its investment revenue income. Disposing of hard to let and maintain housing stock will ensure the Trust uses its assets to maximise its rental income.
Page 4
**(A company limited by guarantee)**
## **BRADFORD YOUTHBUILD TRUST LIMITED**
TRUSTEES' REPORT (CONTINUED)
_FOR THE YEAR ENDED 31 MARCH 2022_
## _**Structure, governance and management**_
## **a. Constitution**
Bradford Youthbuild Trust Limited is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.
## **b. Methods of appointment or election of Trustees**
The management of the charitable company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.
## **c. Organisational structure and decision-making policies**
The charity is established as a company limited by guarantee and is registered with the charity commission. The affairs of the charity are governed by its memorandum and articles of association and were incorporated on 9 March 2000.
The articles of association currently allow for up to 15 director/trustees and require one third of existing directors to resign each year. The Board regularly reviews the skill base of existing directors/trustees and those needed to successfully administer the company. Where gaps are identified partners are invited to make nominations of individuals who are willing and able to contribute, this includes service users.
The Chair along with a part time consultant property manager and finance officer manages the day to day business of the charity in accordance with the business plan and budgets, reporting on progress at each quarterly Board meeting. In addition subcontracted activity in relation to Housing and Training is reported on quarterly at each Board meeting.
Trustees have a well established network within partner organisations operating in the area, helping promote best practice and also support the needs of officers within the Trust.
The Trust has also reviewed its asset management strategy and the impact of the Governments Welfare Reform programme, as a result the Trust plans to focus on improving the condition of its family accommodation which is easier to manage and more in demand. It has a strategy of disposing of underutilised assets which will be used to acquire more suitable accommodation.
## **Members' liability**
The Members of the charitable company guarantee to contribute an amount not exceeding £1 to the assets of the charitable company in the event of winding up.
Page 5
## **BRADFORD YOUTHBUILD TRUST LIMITED**
## **(A company limited by guarantee)**
## TRUSTEES' REPORT (CONTINUED)
_FOR THE YEAR ENDED 31 MARCH 2022_
## **Statement of Trustees' responsibilities**
The Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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 are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
W G Jennings (Dec 6, 2022 18:53 GMT) ................................................ **William Gordon Jennings** (Trustee)
Date: Dec 6, 2022
Page 6
**(A company limited by guarantee)**
## **BRADFORD YOUTHBUILD TRUST LIMITED**
## INDEPENDENT EXAMINER'S REPORT
_FOR THE YEAR ENDED 31 MARCH 2022_
## **Independent Examiner's Report to the Trustees of Bradford Youthbuild Trust Limited ('the charitable company')**
I report to the charity Trustees on my examination of the accounts of the charitable company for the year ended 31 March 2022 which are set out on pages 8 to 21.
## **Responsibilities and Basis of Report**
As the Trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charitable company's accounts carried out under section 145 of the Charities Act 2011 ('the 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 Examiner's Statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice 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 connection 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.
Signed: Dated: Dec 7, 2022
Lesley Kendrew BSc FCA
## **BHP LLP**
New Chartford House Centurion Way Cleckheaton Bradford West Yorkshire BD19 3QB
Page 7
**(A company limited by guarantee)**
## **BRADFORD YOUTHBUILD TRUST LIMITED**
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) _FOR THE YEAR ENDED 31 MARCH 2022_
|**Note**
**Income from:**
Donations and legacies
3
Charitable activities
4
Investments
5
**Total income**
**Expenditure on:**
Charitable activities
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2022**
**£**
**-**
**41,378**
**104,525**
**145,903**
**69,271**
**76,632**
**2,449,214**
**76,632**
**2,525,846**|**Total**
**funds**
**2022**
**£**
**-**
**41,378**
**104,525**
**145,903**
**69,271**
**76,632**
**2,449,214**
**76,632**
**2,525,846**|Total
funds
2021
£
2,536
41,378
102,040|
|---|---|---|---|
||||145,954|
||||68,809|
||||77,145|
||||2,372,069
77,145|
||||2,449,214|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 11 to 21 form part of these financial statements.
Page 8
## **BRADFORD YOUTHBUILD TRUST LIMITED**
## **(A company limited by guarantee)**
REGISTERED NUMBER: 3944240
BALANCE SHEET _AS AT 31 MARCH 2022_
|**Note**
**Fixed assets**
Tangible assets
9
Investment property
10
**Current assets**
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within one year
12
**Net current assets**
**Total assets less current liabilities**
**Total net assets**
**Charity funds**
Restricted funds
13
Unrestricted funds
13
**Total funds**|**23,024**
**834,680**
**857,704**
**(16,657)**|**2022**
**£**
**194,799**
**1,490,000**
**1,684,799**
**841,047**
**2,525,846**
**2,525,846**
**-**
**2,525,846**
**2,525,846**|28,885
749,656
778,541
(19,825)|2021
£
200,498
1,490,000|
|---|---|---|---|---|
|||||1,690,498
758,716|
|||||2,449,214|
||||||
|||||2,449,214|
|||||-
2,449,214|
||||||
|||||2,449,214|
Page 9
**(A company limited by guarantee)**
## **BRADFORD YOUTHBUILD TRUST LIMITED**
## BALANCE SHEET (CONTINUED)
_AS AT 31 MARCH 2022_
The charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
W G Jennings (Dec 6, 2022 18:53 GMT) ................................................
## **William Gordon Jennings**
(Trustee)
## Date: Dec 6, 2022
The notes on pages 11 to 21 form part of these financial statements.
Page 10
**BRADFORD YOUTHBUILD TRUST LIMITED**
**(A company limited by guarantee)**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 MARCH 2022_
## **1. General information**
The company is a company limited by guarantee domiciled and incorporated in England and Wales. The registered office is Barkerend Training Centre, Barkerend Road, Bradford, West Yorkshire, BD3 9BD.
The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.
## **2. Accounting policies**
## _**2.1 Basis of preparation of financial statements**_
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Bradford Youthbuild Trust Limited 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 stated in the relevant accounting policy.
## _**2.2 Going concern**_
At the time of approving the financial statements, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## _**2.3 Income**_
All income is recognised once the charitable company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Page 11
**BRADFORD YOUTHBUILD TRUST LIMITED**
**(A company limited by guarantee)**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 MARCH 2022_
## **2. Accounting policies (continued)**
## _**2.4 Expenditure**_
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charitable company's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
## _**2.5 Interest receivable**_
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charitable company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
## _**2.6 Taxation**_
The charitable company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charitable company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## _**2.7 Tangible fixed assets and depreciation**_
A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities incorporating income and expenditure account.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Page 12
**BRADFORD YOUTHBUILD TRUST LIMITED**
**(A company limited by guarantee)**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 MARCH 2022_
## **2. Accounting policies (continued)**
## _**2.7 Tangible fixed assets and depreciation (continued)**_
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following bases:
- Short-term leasehold property Over 50 years by equal annual installments - Fixtures and fittings Between 3 and 10 years by equal annual installments
## _**2.8 Debtors**_
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## _**2.9 Cash at bank and in hand**_
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## _**2.10 Liabilities and provisions**_
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charitable company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
## _**2.11 Financial instruments**_
The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Page 13
**BRADFORD YOUTHBUILD TRUST LIMITED**
**(A company limited by guarantee)**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 MARCH 2022_
## **2. Accounting policies (continued)**
## _**2.12 Fund accounting**_
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charitable company and which have not been designated for other purposes.
Investment income, gains and losses are allocated to the appropriate fund.
## **3. Income from donations and legacies**
|Donations
Total 2021|**Unrestricted**
**funds**
**2022**
**£**
-
2,536|**Total**
**funds**
**2022**
**£**
**-**
2,536|Total
funds
2021
£
2,536|
|---|---|---|---|
|||||
## **4. Income from charitable activities**
|Contract income
Total 2021|**Unrestricted**
**funds**
**2022**
**£**
41,378
41,378|**Total**
**funds**
**2022**
**£**
**41,378**
41,378|Total
funds
2021
£
41,378|
|---|---|---|---|
|||||
Page 14
**BRADFORD YOUTHBUILD TRUST LIMITED**
**(A company limited by guarantee)**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 MARCH 2022_
## **5. Investment income**
|Rent receivable
Interest receivable
Total 2021|**Unrestricted**
**funds**
**2022**
**£**
104,389
136
104,525
102,040|**Total**
**funds**
**2022**
**£**
**104,389**
**136**
**104,525**
102,040|Total
funds
2021
£
101,790
250|
|---|---|---|---|
||||102,040|
|||||
## **6. Analysis of expenditure by activities**
|Direct costs
Total 2021|**Activities**
**undertaken**
**directly**
**2022**
**£**
69,271
68,809|**Total**
**funds**
**2022**
**£**
**69,271**
68,809|Total
funds
2021
£
68,809|
|---|---|---|---|
|||||
Page 15
**BRADFORD YOUTHBUILD TRUST LIMITED**
**(A company limited by guarantee)**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 MARCH 2022_
## **6. Analysis of expenditure by activities (continued)**
## **Analysis of direct costs**
|Depreciation
Council tax
Housing management
Repairs and maintenance
Telephone
Bank charges
Insurance
Light and heat
Property legal fees
Sundry expenses
Loss on disposal of investment property
Governance costs
Total 2021|**Activities**
**2022**
**£**
5,700
5,398
24,000
20,187
350
411
7,713
220
-
1,997
-
3,295
69,271
68,809|**Total**
**funds**
**2022**
**£**
**5,700**
**5,398**
**24,000**
**20,187**
**350**
**411**
**7,713**
**220**
**-**
**1,997**
**-**
**3,295**
**69,271**
68,809|Total
funds
2021
£
5,700
5,983
24,000
14,158
358
388
6,882
414
1,689
3,015
3,000
3,222|
|---|---|---|---|
||||68,809|
|||||
## **7. Independent examiner's remuneration**
The independent examiner's remuneration amounts to an independent examiner fee of £2,250 (2021 - £2,045).
## **8. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits (2021 - £NIL).
During the year ended 31 March 2022, no Trustee expenses have been incurred (2021 - £NIL).
Page 16
**BRADFORD YOUTHBUILD TRUST LIMITED**
**(A company limited by guarantee)**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 MARCH 2022_
## **9. Tangible fixed assets**
|**_Cost or valuation_**
At 1 April 2021
At 31 March 2022
**_Depreciation_**
At 1 April 2021
Charge for the year
At 31 March 2022
**_Net book value_**
At 31 March 2022
At 31 March 2021
**10.**
**Investment property**|**Short-term**
**leasehold**
**property**
**£**
**278,101**
**278,101**
**77,740**
**5,562**
**83,302**
**194,799**
200,361|**Fixtures and**
**fittings**
**£**
**47,404**
**47,404**
**47,267**
**137**
**47,404**
**-**
137|**Total**
**£**
**325,505**|
|---|---|---|---|
||||**325,505**|
||||**125,007**
**5,699**|
||||**130,706**|
||||**194,799**|
||||200,498|
|||||
|**_Valuation_**
At 1 April 2021
At 31 March 2022|**Freehold**
**investment**
**property**
**£**
**1,490,000**|
|---|---|
||**1,490,000**|
Investment properties are valued annually by the Trustees at fair value.
Page 17
**(A company limited by guarantee)**
## **BRADFORD YOUTHBUILD TRUST LIMITED**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 MARCH 2022_
## **11. Debtors**
|**_Due within one year_**
Trade debtors
Prepayments and accrued income|**2022**
**£**
**16,518**
**6,506**
**23,024**|2021
£
17,212
11,673|
|---|---|---|
||||
|||28,885|
## **12. Creditors: Amounts falling due within one year**
|Trade creditors
Accruals and deferred income|**2022**
**£**
**1,062**
**15,595**
**16,657**|2021
£
6,350
13,475|
|---|---|---|
||||
|||19,825|
Page 18
## **BRADFORD YOUTHBUILD TRUST LIMITED**
## **(A company limited by guarantee)**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 MARCH 2022_
|**13.**
**Statement of funds**
**Statement of funds - current year**
**_Unrestricted funds_**
General Funds - all funds
Revaluation reserve
**Statement of funds - prior year**
**_Unrestricted funds_**
General funds
Revaluation reserve
**14.**
**Summary of funds**
**Summary of funds - current year**
General funds|Balance at
1 April 2020
£
1,699,283
672,786
2,372,069|**Balance at 1**
**April 2021**
**£**
**1,796,428**
**652,786**
**2,449,214**
Income
£
145,954
-
145,954
**Balance at 1**
**April 2021**
**£**
**2,449,214**|**Income**
**£**
**145,903**
**-**
**145,903**
Expenditure
£
(68,809)
-
(68,809)
**Income**
**£**
**145,903**|**Expenditure**
**£**
**(69,271)**
**-**
**(69,271)**
Transfers
in/out
£
20,000
(20,000)
-
**Expenditure**
**£**
**(69,271)**|**Balance at 31**
**March 2022**
**£**
**1,873,060**
**652,786**|
|---|---|---|---|---|---|
||||||**2,525,846**|
||||||Balance at
31 March
2021
£
1,796,428
652,786|
||||||2,449,214|
||||||**Balance at 31**
**March 2022**
**£**
**2,525,846**|
Page 19
**BRADFORD YOUTHBUILD TRUST LIMITED**
**(A company limited by guarantee)**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 MARCH 2022_
## **14. Summary of funds (continued)**
## **Summary of funds - prior year**
|||||||Balance at|
|---|---|---|---|---|---|---|
|||Balance at|||Transfers|31 March|
||1|April 2020|Income|Expenditure|in/out|2021|
|||£|£|£|£|£|
|General funds||2,372,069|145,954|(68,809)|-|2,449,214|
## **15. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|Tangible fixed assets
Investment property
Current assets
Creditors due within one year
**_Total_**|**Unrestricted**
**funds**
**2022**
**£**
194,799
1,490,000
857,704
(16,657)
2,525,846|**Total**
**funds**
**2022**
**£**
**194,799**
**1,490,000**
**857,704**
**(16,657)**|
|---|---|---|
|||**2,525,846**|
## **Analysis of net assets between funds - prior year**
|Tangible fixed assets
Investment property
Current assets
Creditors due within one year
**_Total_**|Unrestricted
funds
2021
£
200,498
1,490,000
778,541
(19,825)
2,449,214|Total
funds
2021
£
200,498
1,490,000
778,541
(19,825)|
|---|---|---|
|||2,449,214|
Page 20
**(A company limited by guarantee)**
## **BRADFORD YOUTHBUILD TRUST LIMITED**
## NOTES TO THE FINANCIAL STATEMENTS
_FOR THE YEAR ENDED 31 MARCH 2022_
## **16. Related party transactions**
There were no related party transactions in the year ended 31 March 2022 or in the previous year.
Page 21
**Bradford Youthbuild Trust Limited Barkerend Training Centre Barkerend Road Bradford West Yorkshire BD3 9BD**
BHP LLP New Chartford House Centurion Way Cleckheaton Bradford West Yorkshire BD19 3QB
Dear Sirs
The following representations are made on the basis of enquiries of management and staff with relevant knowledge and experience such as we consider necessary in connection with your independent examination of the charitable company’s financial statements for the year ended 31 March 2022. These enquiries have included inspection of supporting documentation where appropriate and are sufficient to satisfy ourselves that we can make each of the following representations. All representations are made to the best of our knowledge and belief.
## **General**
- 1 We acknowledge that the work performed by you is substantially less in scope than an audit performed in accordance with International Standards on Auditing (UK) and that you do not express an audit opinion.
- 2 We confirm that the charitable company qualifies as small in accordance with the conditions set out in chapter 1 of part 15 of the Companies Act 2006.
- 3 We confirm that the charitable company was entitled to exemption under section 144 of the Charities Act 2011 the requirement to have its financial statements for the financial year ended 31 March 2021 audited. We also confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476 of the Companies Act 2006.
- 4 We have fulfilled our responsibilities as directors/trustees as set out in the terms of your engagement letter dated 17 November 2022, under the Companies Act 2006 for preparing financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), for being satisfied that they give a true and fair view and for making accurate representations to you.
- 5 All the transactions undertaken by the charitable company have been properly reflected and recorded in the accounting records.
- 6 All the accounting records have been made available to you for the purpose of your independent examination. We have provided you with unrestricted access to all appropriate persons within the charitable company, and with all other records and related information requested, including minutes of all management and trustee meetings and correspondence with The Charity Commission.
- 7 The financial statements are free of material misstatements, including omissions.
## **Assets and liabilities**
- 8 The charitable company has satisfactory title to all assets and there are no liens or encumbrances on the charitable company’s assets, except for those that are disclosed in the notes to the financial statements.
- 9 All actual liabilities, contingent liabilities and guarantees given to third parties have been recorded or disclosed as appropriate.
- 10 We have no plans or intentions that may materially alter the carrying value and where relevant the fair value measurements or classification of assets and liabilities reflected in the financial statements.
## **Accounting estimates**
- 11 Significant assumptions used by us in making accounting estimates, including those measured at fair value, are reasonable.
## **Loans and arrangements**
- 12 The charitable company has not granted any advances or credits to, or made guarantees on behalf of, directors other than those disclosed in the financial statements.
## **Legal claims**
- 13 We have disclosed to you all claims in connection with litigation that have been, or are expected to be, received and such matters, as appropriate, have been properly accounted for, and disclosed in, the financial statements.
## **Laws and regulations**
- 14 We have disclosed to you all known instances of non-compliance or suspected non-compliance with laws and regulations whose effects should be considered when preparing the financial statements.
## **Related parties**
- 15 Related party relationships and transactions have been appropriately accounted for and disclosed in the financial statements. We have disclosed to you all relevant information concerning such relationships and transactions and are not aware of any other matters which require disclosure in order to comply with legislative and accounting standards requirements.
## **Subsequent events**
- 16 All events subsequent to the date of the financial statements which require adjustment or disclosure have been properly accounted for and disclosed.
## **Going concern**
- 17 We believe that the charitable company’s financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the charitable company’s needs. We have considered a period of twelve months from the date of approval of the financial statements. We believe that no further disclosures relating to the charitable company’s ability to continue as a going concern need to be made in the financial statements.
## **Grants and donations**
- 18 All grants, donations and other income, the receipt of which is subject to specific terms or conditions, have been notified to you. There have been no breaches of terms or conditions in the application of such income.
Yours faithfully
W G Jennings (Dec 6, 2022 18:53 GMT)
…………………………………………….
Signed on behalf of the board of directors/trustees
## Dec 6, 2022
………………………….
Date
## **Bradford Youthbuild Trust Limited**
## **Minutes of the Annual General Meeting held at the Company's Registered Office on** Dec 6, 2022
**.................................................**
**Present:**
**William Jennings Jonathan Rogers Mark Storey Sally Redfern Martin Calvert Elizabeth Frank Aishah Kiran**
William Jennings was appointed chairman of the meeting.
All members of the company being present, it was agreed to dispense with the statutory 21-day notice of the meeting.
The minutes of the previous meeting had previously been approved and signed.
The accounts of the company and the directors' report thereon for the year ended 31 March 2022 were presented to the meeting.
## **It was resolved that:**
The accounts and trustees' report be approved.
…………………………….. CHAIRMAN
W G Jennings (Dec 6, 2022 18:53 GMT)
## **Bradford Youthbuild Trust Limited**
## **Minutes of the Directors' Meeting held at the Company's Registered Office on**
Dec 6, 2022 **.................................................**
**Present: William Jennings Jonathan Rogers Mark Storey Sally Redfern Martin Calvert Elizabeth Frank Aishah Kiran**
William Jennings was appointed chairman of the meeting.
All directors being present, it was agreed to dispense with any notice of the meeting.
The minutes of the previous meeting had previously been approved and signed.
The accounts of the company and the directors' report thereon for the year ended 31 March 2022 were presented to the meeting.
## **It was resolved that:**
The accounts and directors' report be approved.
The contents of the Letter of Representation to the Accountants be agreed and approved for signature.
W G Jennings (Dec 6, 2022 18:53 GMT) .......................................
CHAIRMAN
## 2022 Bradford Youthbuild Trust Limited Accounts Approval Documents
## Final Audit Report
2022-12-07
Created: 2022-12-06 By: Neil Baldwin (neil.baldwin@bhp.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAbpIMgB-MhxSHMGjRB3XqwyYByKlzrb2x
## "2022 Bradford Youthbuild Trust Limited Accounts Approval Doc uments" History
## Document created by Neil Baldwin (neil.baldwin@bhp.co.uk)
2022-12-06 - 18:39:24 GMT- IP address: 81.23.52.242
## Document emailed to jennings.w@sky.com for signature
2022-12-06 - 18:41:07 GMT
## Email viewed by jennings.w@sky.com
2022-12-06 - 18:51:04 GMT- IP address: 151.225.33.233
## Signer jennings.w@sky.com entered name at signing as W G Jennings
2022-12-06 - 18:53:42 GMT- IP address: 151.225.33.233
## Document e-signed by W G Jennings (jennings.w@sky.com)
Signature Date: 2022-12-06 - 18:53:44 GMT - Time Source: server- IP address: 151.225.33.233
## Document emailed to Lesley Kendrew (lesley.kendrew@bhp.co.uk) for signature
2022-12-06 - 18:53:45 GMT
Email viewed by Lesley Kendrew (lesley.kendrew@bhp.co.uk)
2022-12-07 - 12:08:58 GMT- IP address: 161.123.226.239
## Document e-signed by Lesley Kendrew (lesley.kendrew@bhp.co.uk)
Signature Date: 2022-12-07 - 12:09:25 GMT - Time Source: server- IP address: 81.23.52.242
## Agreement completed.
2022-12-07 - 12:09:25 GMT