Docusign Envelope ID: 2FD50706-3323-4F76-9488-1E6318E788FC ## **BEAP** ## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** # **FOR THE YEAR ENDED 31 MARCH 2024** **Company Registration No. 04615676 (England and Wales) Charity Registration No. 1098088** Docusign Envelope ID: 2FD50706-3323-4F76-9488-1E6318E788FC ## **BEAP** ## **LEGAL AND ADMINISTRATIVE INFORMATION** |**Trustees**|H Rahman| |---|---| ||H Miah| ||J Begum Ali| ||M Islam| ||M Azad| |**Charity number**|1098088| |**Company number**|04615676| |**Principal address**|31 Cornwall Road| ||Bradford| ||BD8 7JN| |**Registered office**|31 Cornwall Road| ||Bradford| ||BD8 7JN| |**Independent examiner**|Alison Whalley FCA| ||Azets Audit Services Ltd| ||Carlton House| ||Grammar School Street| ||Bradford| ||BD1 4NS| |**Bankers**|National Westminster Bank Plc| ||1 Market Street| ||Bradford| ||BD1 1EG| Docusign Envelope ID: 2FD50706-3323-4F76-9488-1E6318E788FC ## **BEAP** ## **CONTENTS** ||**Page**| |---|---| |Trustees report|1 - 3| |Independent examiner's report|4| |Statement of financial activities|5| |Balance sheet|6| |Statement of cash flows|7| |Notes to the financial statements|8 - 23| Docusign Envelope ID: 2FD50706-3323-4F76-9488-1E6318E788FC ## **BEAP** ## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ The Trustees present their annual report and financial statements for the year ended 31 March 2024. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and “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)” ## **Objectives and activities** To advance and deliver community projects based around education, health, sports, environment, and charitable needs. To focus on meeting the needs of local people and to help the community to form action for positive change. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. BEAP's aims and objectives are for the betterment of quality of life for local residents in Bradford, in particular the Bangladeshi community. Our services meet the 2 principles of public benefit as stated by the Charity Commission. There are clear tangible benefits from the projects and services that BEAP delivers. ## **Achievements and performance** 2023-24 was another fruitful year where our ‘Midland Road Sport Complex’ really came to life and flourished with grassroot activities engaging local residents to become active and healthy! Our key achievements are listed below: ## **Midland Road Sports Complex** Community day’s, Bradford City Development Centre, Women & Girls activities, boys football teams, walking football, adults fitness programmes, football tournaments have all been organised with members of the local community coming together to make this our flagship community project. ## **Men Reaching Out (MRO)** Our Male Domestic Abuse provision has specialised in supporting South Asian men by providing a telephone helpline, 1 to 1 support and a peer support group. This has been a very much needed service and a lifeline for many of our service users. Our key focus is now how we sustain this provision and have developed fantastic partnerships and networks with key agencies including the police and health partners. ## **Curry fest Project** Our heritage project has established a long-lasting understanding of the heritage of Britain’s curry houses and the journey of the Bangladeshi diaspora, from seamen, to cooks in restaurants, to the women leading the ‘street food’ revolution. We will deliver a programme of events, including cooking classes, school activities through a curry festival which will be an official part of Bradford’s UK City of Culture celebrations. We will also build a selection of multimedia to include on a website and publish a recipe book including special recipes devised by local restaurants, cooks and artisans. Finally, the new archive we will create will be donated to museums and educational institutions. ## **Holiday programmes** Our holiday programme for children has been ongoing over the holiday periods. The project consisted of a range of sporting & wellbeing activities led by qualified staff & tutors ensuring sessions are well organised and enjoyable, followed by a healthy & nutritional lunch. - 1 - Docusign Envelope ID: 2FD50706-3323-4F76-9488-1E6318E788FC ## **BEAP** ## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **Food Parcels** We provide various food parcel programmes to vulnerable families in the Manningham area of Bradford. Our project are designed to provide essential food items to individuals or families in need. ## **Older People** Our older people projects looked at developing, helping, and supporting older people in the community. We delivered social activities including trips, physical activities, walking, and supporting vulnerable and isolated elderly (this includes home visits, shopping, cleaning and basic advice assistance. ## **Young People** Our youth projects looked at developing relationship and implement a number of young people friendly schemes. We delivered a number of activities which are appropriate and address the social, emotional and life skills of young people. ## **Sports Project** Our sports projects are designed to deliver programme for children, women and girls, local residents who are inactive and sedentary. These projects provide facilities to vulnerable families to get involved, be active, be healthy as well as address mental wellbeing issues. ## **Buildings Projects** Making our building accessible and disabled friendly has always been a priority for BEAP. We continue to look at our facilities holistically at BEAP and improve building access and our facilities for people with disability so they can fully engage with our services. ## **Fundraising** Section 162a of the Charities Act 2011 requires charities to make a statement regarding fundraising activities. The legislation defines fundraising as ‘soliciting or otherwise procuring money or other property for charitable purposes’. The charity does not actively raise funds from the public either directly or via use of an agent, accordingly no such amounts are presented in the financial statements for the year under review. The charity has received no complaints in relation to fundraising activity for the year under review. Given the nature of the funding of the charity the Trustees consider that it remains appropriate not to be voluntarily bound to be regulated by the Fundraising Regulator. ## **Financial review** Income for the year amounted to £351,733 (2023 £368,119), with expenditure amounting to £359,842 (2023 £295,169) leaving a net expense of £8,109 (2023 net income £72,950). It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months’ expenditure, £89,000 to £179,000. The Trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. With general funds of £282,826 at 31 March 2024, this level of reserves has been reached. The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. - 2 - Docusign Envelope ID: 2FD50706-3323-4F76-9488-1E6318E788FC ## **BEAP** ## **TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **Structure, governance and management** The charity is a Private Limited Company without share capital incorporated on 12 December 2002, number 04615676. It was registered as a charity in England and Wales on 19 June 2003, number 1098088. The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: H Rahman H Miah J Begum Ali M Islam M Azad At each Annual General Meeting one third of the trustees retire by rotation and subject to eligibility may be reelected. New trustees must have been members of BEAP for at least two years and are selected via interview with the existing board. Training is provided through mentoring by longer serving trustees. None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up. Indemnity insurance is included in the insurance costs. BEAP Trustees have complied with their duties as outlined by the 2006 charities Act. A dedicated trustee has been responsible for presenting up to date information to the board in regards to Charity Commission Guidance, Public Benefit. A dedicated trustee has also been responsible for looking at risk assessments and health and safety whilst delivering BEAP activities. The Charity is run by the trustees as listed on the legal and administrative information page. The Trustees report was approved by the Board of Trustees. **H Rahman** Trustee Dated: 15 December 2024 - 3 - Docusign Envelope ID: 2FD50706-3323-4F76-9488-1E6318E788FC ## **BEAP** ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BEAP** I report to the Trustees on my examination of the financial statements of BEAP (the charity) for the year ended 31 March 2024. ## **Responsibilities and basis of report** As the Trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial statements of the charity 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 charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. 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 charity as required by section 386 of the 2006 Act; or - 2 the financial statements do not accord with those records; or - 3 the financial statements 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 financial statements 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 financial statements to be reached. Alison Whalley FCA Azets Audit Services Ltd Carlton House Grammar School Street Bradford BD1 4NS Dated: 15 December 2024 - 4 - Docusign Envelope ID: 2FD50706-3323-4F76-9488-1E6318E788FC ## **BEAP** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ |**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**Notes**
**£**
**£**
**Income from:**
Donations and
legacies
**3**
4,200
256,778
Charitable activities
**4**
73,168
-
Other trading
activities
**5**
16,941
-
Investments
**6**
646
-
**Total income**
94,955
256,778
**Expenditure on:**
Raising funds
**7**
19,240
-
Charitable activities
**8**
44,447
296,155
**Total expenditure**
63,687
296,155
Gross transfers
between funds
-
-
**Net income/(expenditure)**
**for the year/**
**Net movement in funds**
31,268
(39,377)
Fund balances at 1 April
2023
361,558
129,096
**Fund balances at 31**
**March 2024**
392,826
89,719|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
260,978
12,920
300,522
73,168
54,564
-
16,941
-
-
646
113
-
351,733
67,597
300,522
19,240
-
-
340,602
968
294,201
359,842
968
294,201
-
41,000
(41,000)
(8,109)
107,629
(34,679)
490,654
253,929
163,775
482,545
361,558
129,096|**Total**
**2023**
**£**
313,442
54,564
-
113| |---|---|---| |||368,119| |||-| |||295,169| |||295,169| |||-
72,950
417,704| |||490,654| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. - 5 - Docusign Envelope ID: 2FD50706-3323-4F76-9488-1E6318E788FC ## **BEAP** ## **BALANCE SHEET** ## _**AS AT 31 MARCH 2024**_ |**Notes**
**Fixed assets**
Tangible assets
**13**
**Current assets**
Debtors
**14**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**15**
Net current assets
**Total assets less current liabilities**
**Income funds**
Restricted funds
**17**
Unrestricted funds
Designated funds
**18**
General unrestricted funds|**2024**
**£**
193,959
292,838
486,797
(20,850)
110,000
282,826|**£**
16,598
465,947
482,545
89,719
392,826
482,545|**2023**
**£**
206,203
304,091
510,294
(24,129)
-
361,558|**£**
4,489
486,165| |---|---|---|---|---| |||||490,654| |||||129,096
361,558| |||||490,654| The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Trustees on 15 December 2024 H Rahman **Trustee** **Company registration number 04615676** - 6 - Docusign Envelope ID: 2FD50706-3323-4F76-9488-1E6318E788FC ## **BEAP** ## **STATEMENT OF CASH FLOWS** _**FOR THE YEAR ENDED 31 MARCH 2024**_ |**Notes**
**Cash flows from operating activities**
Cash generated from/(absorbed by)
operations
**23**
**Investing activities**
Purchase of tangible fixed assets
Investment income received
**Net cash (used in)/generated from**
**investing activities**
**Net cash used in financing activities**
**Net decrease in cash and cash equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**|**2024**
**£**
(17,457)
646|**£**
5,558
(16,811)
-
(11,253)
304,091
292,838|**2023**
**£**
**£**
(109,381)
-
113
113
-
(109,268)
413,359
304,091| |---|---|---|---| - 7 - Docusign Envelope ID: 2FD50706-3323-4F76-9488-1E6318E788FC ## **BEAP** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **1 Accounting policies** ## **Charity information** BEAP is a private company limited by guarantee incorporated in England and Wales. The registered office is 31 Cornwall Road, Bradford, BD8 7JN. ## **1.1 Accounting convention** The accounts have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity 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. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. ## **1.4 Income** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. - 8 - Docusign Envelope ID: 2FD50706-3323-4F76-9488-1E6318E788FC ## **BEAP** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **1 Accounting policies** **(Continued)** ## **1.5 Expenditure** Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Support costs have been allocated to activity costs on an actual cost basis, plus a contribution to core costs if funds are available. ## **1.6 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Leasehold improvements 10% straight line Fixtures and fittings 50% straight line Computers 50% straight line Motor vehicles 25% straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. ## **1.7 Impairment of fixed assets** At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). ## **1.8 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **1.9 Financial instruments** The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. - 9 - Docusign Envelope ID: 2FD50706-3323-4F76-9488-1E6318E788FC ## **BEAP** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **1 Accounting policies** **(Continued)** ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## _**Derecognition of financial liabilities**_ Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled. ## **1.10 Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## **1.11 Retirement benefits** Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. ## **2 Critical accounting estimates and judgements** In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. - 10 - Docusign Envelope ID: 2FD50706-3323-4F76-9488-1E6318E788FC ## **BEAP** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **3 Donations and legacies** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
Donations and gifts
4,200
-
Grants listed below
-
256,778
4,200
256,778
**Grants receivable for**
**core activities**
National Heritage
-
49,498
Bradford Council
-
123,524
ESC Lottery
-
10,100
BBC Children in Need
-
-
Henry Smith Foundation
-
71,166
Sport England
-
-
The Global Fund
-
-
Yorkshire Sport
Foundation
-
-
Rounders England
-
2,490
The Charles and Eslie
Sykes Trust
-
-
Groundworks
-
-
Power to Change
-
-
Heriot-Watt
-
-
-
256,778|**Total Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
4,200
2,920
2,474
256,778
10,000
298,048
260,978
12,920
300,522
49,498
-
-
123,524
-
131,714
10,100
-
-
-
-
39,930
71,166
-
65,667
-
-
5,000
-
-
22,500
-
-
6,020
2,490
-
7,470
-
-
3,000
-
-
11,747
-
10,000
-
-
-
5,000
256,778
10,000
298,048|**Total**
**2023**
**£**
5,394
308,048| |---|---|---| |||313,442| |||-
131,714
-
39,930
65,667
5,000
22,500
6,020
7,470
3,000
11,747
10,000
5,000| |||308,048| ## **4 Charitable activities** |**Unrestricted**
**Unrestricted**
**2024**
**2023**
**£**
**£**
Sports Hall hire
61,168
42,564
Nursery rental and contribution to costs
12,000
12,000
73,168
54,564|**Unrestricted**
**Unrestricted**
**2024**
**2023**
**£**
**£**
Sports Hall hire
61,168
42,564
Nursery rental and contribution to costs
12,000
12,000
73,168
54,564|**Unrestricted**
**Unrestricted**
**2024**
**2023**
**£**
**£**
Sports Hall hire
61,168
42,564
Nursery rental and contribution to costs
12,000
12,000
73,168
54,564| |---|---|---| ||**2024**
**£**
61,168
12,000
73,168|**2023**
**£**
42,564
12,000| |||54,564| - 11 - Docusign Envelope ID: 2FD50706-3323-4F76-9488-1E6318E788FC ## **BEAP** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **5 Other trading activities** |**6**
**7**|**Unrestricted**
**Total**
**funds**
**2024**
**2023**
**£**
**£**
Trading activity income: Cafe
16,941
-
**Investments**
**Unrestricted Unrestricted**
**funds**
**funds**
**2024**
**2023**
**£**
**£**
Interest receivable
646
113
**Raising funds**
**Unrestricted**
**Total**
**funds**
**2024**
**2023**
**£**
**£**
Trading costs
Other trading activities
19,240
-
19,240
-|**Total**
**2023**
**£**
-| |---|---|---| |||**Total**
**2023**
**£**
-| |||-| - 12 - Docusign Envelope ID: 2FD50706-3323-4F76-9488-1E6318E788FC ||**Total**|**2023**||**£**|67,839|151,442|7,324|6,763|233,368|58,831|2,970|295,169|||968|294,201|295,169| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||**Activities**
**Sports**
**Early Years**|**and Advice**|**2023**
**2023**
**2023**|**£**
**£**
**£**|30,612
12,409
12,409|72,048
16,454
36,740|2,442
2,441
-|6,763
-
-|111,865
31,304
49,149|58,831
-
-|2,970
-
-|173,666
31,304
49,149|||968
-
-|172,698
31,304
49,149|173,666
31,304
49,149| ||**Total**|**2024**||**£**|88,692|135,772|8,705|14,524|247,693|89,253|3,656|340,602|||44,447|296,155|340,602| ||**Sports**
**Early Years**
**Covid**|**Support**|**2024**
**2024**
**2024**|**£**
**£**
**£**|14,845
19,113
27,736|40,256
17,295
21,354|2,176
2,176
2,176|-
-
-|57,277
38,584
51,266|-
-
5,532|-
-
-|57,277
38,584
56,798|||17,021
21,289
24,660|40,256
17,295
32,138|57,277
38,584
56,798| ||**Activities**|**and Advice**|**2024**|**£**|26,998|56,867|2,177|14,524|100,566|83,721|3,656|187,943|||(18,523)|206,466|187,943| |**Charitable activities**|||||Staff costs|Project costs|Minibus and travel|Midland Road Sports Complex||Share of support costs (see note 9)|Share of governance costs (see note 9)|||**Analysis by fund**|Unrestricted funds|Restricted funds|| |**8**|||||||||||||||||| Docusign Envelope ID: 2FD50706-3323-4F76-9488-1E6318E788FC ## **BEAP** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **9 Support costs** |**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Staff costs
13,044
-
Depreciation
5,348
-
Rent and rates
6,250
-
Utilities
7,296
-
Insurance
3,117
-
Staff travel and
communication and
training
325
-
Repairs and renewals
43,107
-
Telephone
1,528
-
Computer costs
783
-
Print, postage and
stationery
4,395
-
Sundry
3,250
-
Professional and
consultancy fees
810
-
Independent examination
-
3,656
89,253
3,656
Analysed between
Charitable activities
89,253
3,656|**2024**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
**£**
13,044
-
-
5,348
4,406
-
6,250
6,843
-
7,296
7,823
-
3,117
2,799
-
325
-
-
43,107
19,136
-
1,528
1,381
-
783
1,511
-
4,395
6,817
-
3,250
1,378
-
810
6,737
-
3,656
-
2,970
92,909
58,831
2,970
92,909
58,831
2,970|**2023**
**£**
-
4,406
6,843
7,823
2,799
-
19,136
1,381
1,511
6,817
1,378
6,737
2,970| |---|---|---| |||61,801| |||61,801| Costs are allocated directly to early years. All other costs are classed as activities and advice. Governance costs includes payments to the accountants of £3,656 for independent examination fees (2023£2,970). ## **10 Trustees** None of the Trustees (or any persons connected with them) received any remuneration, benefits or expenses from the charity during the current or previous financial year. - 14 - Docusign Envelope ID: 2FD50706-3323-4F76-9488-1E6318E788FC ## **BEAP** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **11 Employees** The average monthly number of employees during the year was: |**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2024**
**Number**
5
**2024**
**£**
98,303
2,289
1,144
101,736|**2023**
**Number**
4| |---|---|---| |||**2023**
**£**
67,000
-
839| |||67,839| No employee earned more than £60,000 during the current or previous financial year. ## **12 Taxation** As a charity the company is exempt from tax on income falling within part II of the Corporation Tax Act 2010 and on gains falling within s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives. No tax charges have arisen in the charity. ## **13 Tangible fixed assets** |**Fixtures and**
**fittings**
**Computers Motor vehicles**
**£**
**£**
**£**
**Cost**
At 1 April 2023
48,322
16,936
2,000
Additions
-
10,057
7,400
Disposals
-
-
(2,000)
At 31 March 2024
48,322
26,993
7,400
**Depreciation and impairment**
At 1 April 2023
44,833
16,936
1,000
Depreciation charged in the year
974
1,987
1,387
Eliminated in respect of disposals
-
-
(1,000)
At 31 March 2024
45,807
18,923
1,387
**Carrying amount**
At 31 March 2024
2,515
8,070
6,013
At 31 March 2023
3,489
-
1,000|**Total**
**£**
67,258
17,457
(2,000)| |---|---| ||82,715| ||62,769
4,348
(1,000)| ||66,117| ||16,598| ||4,489| - 15 - Docusign Envelope ID: 2FD50706-3323-4F76-9488-1E6318E788FC ## **BEAP** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ |**14**
**Debtors**
**Amounts falling due within one year:**
Other debtors
Prepayments and accrued income
**15**
**Creditors: amounts falling due within one year**
**Notes**
Other taxation and social security
Government grants
**16**
Accruals|**2024**
**£**
180,000
13,959
193,959
**2024**
**£**
1,584
16,000
3,266
20,850|**2023**
**£**
180,000
26,203| |---|---|---| |||206,203| |||**2023**
**£**
1,349
17,500
5,280| |||24,129| - 16 - Docusign Envelope ID: 2FD50706-3323-4F76-9488-1E6318E788FC ## **BEAP** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **16 Government grants** Deferred income is included in the financial statements as follows: ||**2024**|**2023**| |---|---|---| ||**£**|**£**| |Deferred income is included within:||| |Current liabilities|16,000|17,500| |Movements in the year:||| |Deferred income at 1 April 2023|17,500|19,000| |Released from previous periods|(17,500)|(19,000)| |Income deferred in the year|16,000|17,500| |Deferred income at 31 March 2024|16,000|17,500| - 17 - Docusign Envelope ID: 2FD50706-3323-4F76-9488-1E6318E788FC ## |**Restricted funds**|The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:|**Movement in funds**
**Movement in funds**|**Balance at**
**Income**
**Expenditure**
**Transfers**
**Balance at**
**Income**
**Expenditure**
**Balance at**|**1 April 2022**
**1 April 2023**
**31 March 2024**|**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**|Activities and Advice
95,487
109,226
(109,107)
(25,000)
70,606
183,122
(180,629)
73,099|Sports and Education
11,398
15,964
(16,454)
-
10,908
2,490
(7,490)
5,908|Health
2,810
-
-
-
2,810
-
(2,810)
-|Early Years
27,240
22,500
(36,740)
(6,500)
6,500
-
(6,500)
-|Midland Road Sports Complex
-
5,000
(5,000)
-
-
-
-
-|Covid Support
19,930
27,167
(26,200)
-
20,897
32,666
(42,851)
10,712|Disability
6,910
16,910
(23,820)
-
-
-
-
-|Mental Health
-
69,309
(54,880)
(5,500)
8,929
38,500
(47,429)
-|Holiday Support
-
34,446
(22,000)
(4,000)
8,446
-
(8,446)
-|163,775
300,522
(294,201)
(41,000)
129,096
256,778
(296,155)
89,719||Activities and advice were funded by Bradford Metropolitan District Council, National Lottery Heritage Fund and Sports England.|Sports activities were funded by Rounders England and Sports England.|Covid suppost is funded by the Henry Smith Charity to run a Men's Reaching Out project|Mental health has been funded by Henry Smith to fund a Male Domestic Abuse Service.| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |**17**||||||||||||||||||||| Docusign Envelope ID: 2FD50706-3323-4F76-9488-1E6318E788FC ## |**Restricted funds**
**(Continued)**|For the prior year:-|For the prior year:-|Activities and advice were funded by Bradford Metropolitan District Council, BBC Children in Need, The Charles and Elsie Sykes Trust, Groundwork ESK Grants and|Leeds Community Foundation|Leeds Community Foundation|Sports activities were funding The Yorkshire Cricket Club, Yorkshire Sport Foundation and Rounders England.|Health was funded by Bradford Council.|Early Years was funded by The National Lottery.|The refurbishment of the Midland Road Sports Complex has been funded by Sports England.|The refurbishment of the Midland Road Sports Complex has been funded by Sports England.|Mental health has been funded by Bradford Council and Henry Smith.|Holiday Support was funded by Bradford Council.|Disability was funded by Bradford Council.|Transfers have been made in the year to cover core costs.| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |**17**||||||||||||||| Docusign Envelope ID: 2FD50706-3323-4F76-9488-1E6318E788FC ## **BEAP** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **18 Designated funds** The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes: ||**Balance at**|**Transfers**|**Balance at**| |---|---|---|---| ||**1 April 2023**||**31 March 2024**| ||**£**|**£**|**£**| |Indoor and Outdoor Pitches|-|80,000|80,000| |Staffing contingency|-|30,000|30,000| ||-|110,000|110,000| A transfer has been made in the year to provide for future repairs to the pitches and to provide for staffing contingency. - 20 - Docusign Envelope ID: 2FD50706-3323-4F76-9488-1E6318E788FC ||**Income**
**Expenditure**
**Transfers**
**Balance at 1**
**Income**
**Expenditure**
**Transfers**
**Balance at 31**|**April 2023**
**March 2024**|**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**|67,597
(968)
41,000
361,558
94,955
(63,687)
(110,000)
282,826|-
-
-
-
-
-
110,000
110,000|300,522
(294,201)
(41,000)
129,096
256,778
(296,155)
-
89,719|368,119
(295,169)
-
490,654
351,733
(359,842)
-
482,545|||**Unrestricted**
**Designated**
**Restricted**
**Total**
**Unrestricted**
**Restricted**
**Total**|**Funds**
**Funds**
**Funds**
**Funds**
**Funds**|**2024**
**2024**
**2024**
**2024**
**2023**
**2023**
**2023**|**£**
**£**
**£**
**£**
**£**
**£**
**£**||16,598
-
-
16,598
4,489
-
4,489|286,228
90,000
89,719
465,947
357,069
129,096
486,165|302,826
90,000
89,719
482,545
361,558
129,096
490,654| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |**Funds**|**Balance at 1**|**April 2022**|**£**|General funds
253,929|Designated funds
-|Restricted funds
163,775|417,704||**Analysis of net assets between funds**|||||Fund balances at 31 March 2024 are represented by:|Tangible assets|Current assets/(liabilities)|| |**19**|||||||||**20**||||||||| Docusign Envelope ID: 2FD50706-3323-4F76-9488-1E6318E788FC ## **BEAP** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **21 Operating lease commitments** At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows: |Within one year
Between two and five years
In over five years|**2024**
**£**
4,390
17,560
61,460
83,410|**2023**
**£**
5,947
17,560
65,850| |---|---|---| |||89,357| The building and pitches belong to Bradford Metropolitan Council, with a 25 year lease commencing 2018. ## **22 Related party transactions** ## **Remuneration of key management personnel** The remuneration of key management personnel is as follows. ||**2024**|**2023**| |---|---|---| ||**£**|**£**| |Aggregate compensation|40,947|33,322| No other transactions with related parties have taken place during the current or previous financial year which require disclosure. ## **Transactions with related parties** During the year the charity entered into the following transactions with related parties: A loan of £180,000 was made in the prior year to Neighbourhood Resource Centre in 2023. Muhammad Habibur Rahman is a trustee of Neighbourhood Resource Centre and BEAP. No further loans were made in 2024. A repayment holiday was agreed and repayments have commenced after the year end. The balance of the loan outstanding at 31.3.24 was £180,000. Payments were made to Neighbourhood Resource Centre for transport of £2,450 and food and venue hire of £6,050. - 22 - Docusign Envelope ID: 2FD50706-3323-4F76-9488-1E6318E788FC ## **BEAP** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ |**23**
**Cash generated from operations**
(Deficit)/surpus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Loss on disposal of tangible fixed assets
Depreciation and impairment of tangible fixed assets
Movements in working capital:
Decrease/(increase) in debtors
(Decrease)/increase in creditors
(Decrease) in deferred income
**Cash generated from/(absorbed by) operations**|**2024**
**2023**
**£**
**£**
(8,109)
72,950
(646)
(113)
1,000
-
4,348
4,406
12,244
(188,203)
(1,779)
3,079
(1,500)
(1,500)
5,558
(109,381)| |---|---| - 23 -