OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-03-31-accounts

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

(A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

Charity Registration No. 1107561 Company Registration No. 04084653 (England and Wales)

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Cllr Taj Salam Ward Councillor Chair Cllr Shahzada Meer Community Councillor Vice Chair Mrs Sarah Hinton Faith Director Mohammed Saeed Afsar Youth Director Ms Fareeda Mir Treasurer Cllr Sadaqat Ali Khan Community Councillor Cllr Hawarun Hussain Health Director Mr Yaqoob Ayoob Community Director Ms Ramenpreet Haire Business Director Cllr Shah Mohammed Khokar Community Councillor Cllr Niaz Hussain Ali Community Councillor Cllr Javed Khan Community Councillor Cllr Satnam Singh Community Councillor (Retired 31 March 2022) Mr Ishaq Shafiq Community Director Cllr Noor Elahi Ward Councillor (Appointed 26 May 2022) Mr Habib Rehman Afsar Community Councillor (Appointed 15 September 2022) Secretary Carlton Smith Executive Officers Carlton Smith (Chief Executive Officer) Alexandra Spragg (Programme Director Better Start Bradford) Charity number 1107561 Company number 04084653 Auditor Naylor Wintersgill Limited Carlton House Grammar School Street Bradford BD1 4NS

Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Mailling Kent ME19 4JQ Solicitors Gordons LLP Forward House 8 Duke Street Bradford BD1 3QX

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

CONTENTS

Page
Trustees report 1 - 22
Statement of Trustees responsibilities 23
Independent auditor's report 17-19
Group statement of financial activities 27
Group balance sheet 28
Charity balance sheet 22
Group statement of cash flows 30
Charity statement of cash flows 24
Notes to the accounts 32 - 53

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2022

The Trustees present their annual report and financial statements for the year ended 31 March 2022.

The accounts have been prepared in accordance with the accounting policies set out in note 2 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 2015)”

Headline Summary

Trident has expanded its activities this period with partnership work with Girlington Community Centre in a Connecting Roma programme to completement our other 9 activity areas. These have benefited from support of 180 volunteers who have gifted 5,827 hours of their time. The Better Start Bradford programme reached 7,864 beneficiaries during the year. Enterprise support assisted 76 clients last year safeguarding local jobs, the Nursery stimulated and kick-started the education of 21 children, The Bike Library co-repaired 155 bicycles and made 725 bicycle loans; Healthy Lifestyles support 133 clients throughout the Covid Crisis and via associated activities. The sports centre returned to normal service benefiting 778 local residents, most on a weekly basis and our community hubs enabled local events and celebrations enjoyed by 11,644 people. Our services and activities were accessed by 21,635 local people from conception (Better Start Bradford) to the very young (Nursery) to the fit and active (Sports centre and Bike Library) to the old and very old (Healthy Lifestyles). Trident are proud and delighted that the diversity of our users closely reflects in the diversity of our neighbourhood.

On 26 August 2021 the Trident Board unanimously committed to recognising that climate change poses a threat to the economy, nature and society-at-large, Trident commits to take action immediately in order to:

In doing so, we are proud to be recognised by the United Nations Race to Zero campaign, and join governments, businesses, cities, regions, and universities around the world that share the same mission.

Trident has publicly made the above commitment via the SME Climate Hub. For the period our Equivalent Carbon Dioxide estimated emissions were 385 tonnes using the Normative Business Carbon Calculator provided by the SME Climate Hub. The 385tn is made up from Scope 1 207tnCO2e (53%), Scope 2 98.4tnCO2e (26%) and scope 3 79.2tnCO2e (21%) emissions.

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

Objectives and activities

Bradford Trident is adopting the Charity Governance Code and is working to ensure the seven principals are implemented across the charity.

The purpose of Bradford Trident Limited is the promotion for the benefit of the public of a regeneration programme within and around BD5 by all or any of the following means:

and such other charitable purposes for the benefit of the inhabitants of the Area of Benefit as the Board may determine from time to time.

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

From community consultations, dialogue within our local networks and forums and discussions of the Board and other stakeholders the Bradford Trident aims and activities for the BD5 area have been agreed as:

Aims Activities
Develop skills and enterprise Management of community owed buildings
Enterprise Support & Development service
Better Start Bradford programmes
Park Lane Pre-school Nursery
Community Development service
Digital Inclusion support
Improve health and wellbeing Health and Wellbeing programmes
Management of Parkside Sports Centre
Better Start Bradford programmes
Park Lane Preschool Nursery
Enhance our environment Better Start Bradford – Better Place programme
Community Development service
Supporting Bradford Trident Community Council
Celebrate our community Community Development service
Supporting Bradford Trident Community Council
Better Start Bradford programmes
Roma Connect

The BD5 and surrounding area continues to be characterised by health inequalities, below average educational attainment and below average employment rates, particularly for younger people, and income deprivation affecting older people and families with children. Our programmes are designed to address these issues.

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

By delivering against these objectives Bradford Trident will contribute towards it’s legal purpose of the regeneration of the BD5 and surrounding area. Measurers used to assess success include: building usage data, nursery attendance and child development assessments, improvements in children’s outcomes (social, emotional, language, environmental), progression through the healthy lifestyles journeys, sport centre activities and usage, community action days and volunteer numbers and hours, bike loans and training delivered (courses, attendees), enterprises supported and jobs created.

Activity Staff (FTE) Service Users Annual Cost (£,000)
Community Hubs 6.32 11,649 554 ( 7.0%)
Core functions (inc’ Overheads) 3.50 - 285 ( 3.6%)
Community Development 0.28 47 35 ( 0.4%)
Community Council 0.00 - 20 ( 0.3%)
Healthy Lifestyles 4.29 133 138 ( 1.7%)
Parkside Sports Centre 1.62 778 87 ( 1.1%)
Bike Library 0.20 916 1 (0.01%)
Park Lane Preschool 3.20 21 78 ( 1.0%)
Digital Inclusion support & Covid
response
0.20		 151 8 (0.01%)
Better Start Bradford 24.92 7,864 6,663(84.0%)
Enterprise
Support
&
Development
0.65		 76 41 ( 0.5%)
Parkside Extension 25 ( 0.3%)
Total 45.18 21,635 £7,935

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Bradford Trident owns and manages a portfolio of community buildings (Park Lane Centre, Mayfield Centre, Woodroyd Centre, Parkside Sports Centre, Pakington St, Sanderson Court and Edwards Street Enterprise Centre) which are used either to generate unrestricted income to support communities services or as community hubs to facilitate community action and activities. Of Bradford Trident’s 59 staff (45.18 Full Time Equivalents), 46 (35.36 FTE) are engaged in project/service delivery and 13 (9.82 FTE) are busy with core functions and facilities. In other words 22% of charity energies are involved in running the charity and its assets, 78% is spent on delivering community services.

Bradford Trident secured £400,000 social investment in the period.

Volunteering within BD5 is important for several services including the Healthy Lifestyles programme, Better Start Bradford, Community Development, the Bike Library and Governance (the trustees). Bradford Trident wishes to recognise the tremendous contribution made by its 180 volunteers and their 5,827 hours of volunteered time. Using the UK Living wage (£9.50) as the going rate this equates to £55,357.

Programme (Activity) Nos. of Volunteers Vol’ hours
Better Start Bradford (activity support) 77 3,696
Community
Development
(community
activism)
11		 156
Bike
Library
(bike
renovation
and
maintenance)
8		 528
Digital Inclusion support 45 135
Preschool Nursery 2 360
Enterprise 0 0
Community Buildings 0 0
Parkside Sports Centre 15 600
Healthy Lifestyles (activity support) 8 250
Trustees (strategic direction) 14 102
Total 180 5,827

Strategic Report

Achievements and performance

Covid-19 Response

For half of the period of this report intermittent lockdowns and restrictions continued across Bradford. The team continued with their adapted services providing:

In the autumn the gradual process of re-establishing a new normal began and some sections of the community began to gather in steadily increasing numbers. It was only as this reporting period was ending that normal service can be said to have resumed.

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Trident’s Board of Trustees salutes the adaptability and dedication of its staff team throughout these testing times and the generosity and support of local businesses, the community council and local charities, many of whom made resources available to the local residents

Better Start Bradford (BSB)

BSB’s vision is for children across Bradford to have the best possible start in life, in terms of their health, social and emotional development and communication, maximising their life chances and forming the cornerstone of strong, happy communities. The programme is doing this by working with families and partners through a comprehensive programme focused on improving health, social and emotional development and communication, and to share lessons from this to promote wider change. 7 years into a 10-year mission, BSB has made significant progress in reaching families, providing support and services to our families, getting key messages out to people, influencing change in services for children aged 0-3 and in developing the learning around early childhood development.

Covid -19 continued to impact on service delivery for most of the year with adapted models of working and delivering adopted by the projects and programme team, however significant progress was made across all aspects on the programme.

Better Place

Better Place has almost completed the improvements to local parks and outdoor spaces. In additional to providing increased opportunities for babies and young children to enjoy being outdoors with their families, the project has also supported initiatives to reduce exposure to harmful traffic fumes for pregnant women and small children.

98 Little Library boxes have been distributed to sites across the Better Start area.

Countryfile revisited the natural play area in Horton Park and interviewed members of the local community about the impact of the local tree planting

A seminar and virtual tour of Better Place sites was delivered to over 40 Leeds University MSc students on the Sustainable Cities course.

Following completion of the development phase of the project a recommission of the Better Place Engagement contract was undertaken and awarded to Bradford Trident for the year ahead.

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Learning Together

The model of delivery of Learning Together events continued to be disrupted by Covid-19, and opportunities to engage with the workforce limited. Building on the learning from the previous year there were several significant highlights:

The first podcast series was completed with:

These were developed to explore key issues facing families with young children and those working with them.

Two A Better Start (ABS) National conferences were held with large audiences from local and national government, policymakers and third sector organisations:

 Increased the number of student placements offered and long arm support to enable placements with project teams.

 A digital campaign, Moments that Matter was developed with the Little Minds Matter project to increase knowledge and understanding of the impact of small interactions on children’s development. Videos were created as demonstration tools and these were filmed by local families in their homes as research demonstrated that modelling from people like those the messaging was aimed at was most effective.

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Baby Week Bradford

The theme for the 4[th] annual event was “Bradford Babies are Everybody’s Business”

The event was delivered in collaboration with Baby Week Leeds and Baby Week Cheshire and Merseyside and provided a variety of online and in person events aimed at both families and the workforce working with them. Highlights included a screening of the “in Utero” documentary followed by a panel discussion and a range of family focussed music events.

Family and Community Engagement

The work of the Family and Community Engagement Workers and commissioned Neighbourhood Workers continued to be impacted by the Covid-19 restrictions, but delivery was adapted where possible to increase the use of outdoors delivery.

As the 2021 Bradford Literature Festival was unable to go ahead in its traditional form the Better Start Bradford sponsorship was used to support the “Aladdin and the Stolen Stories” Story Trail which was a physical and virtual trail using several sites over the Bradford footprint including Horton, Bowling and Peel parks. Better Start Bradford were also represented at the Festival Unlocked play events delivered in Bowling and Peel parks as lead in events for the festival.

A series of summer events hosted by settings and community organisations were funded to promote 2-year-old nursery education take up. Take up in Bradford East has increased significantly following this approach.

Parents in The Lead Activity Fund reached the milestone of £120,000 being invested in parent led activities within the community. A review of the fund was undertaken, and the Partnership Board agreed a number of recommendations to develop the opportunities for this aspect of the programme to build social capital within our community.

Health and Wellbeing Clinics have been established as a collaboration between the Neighbourhood Project and Health Visiting. Drop-in clinics are offered alongside other family focused activities such as Stay and Play where parents can access baby weighing and support from Health Visitors.

Sustainability and Legacy

Public Health and Children’s Services have worked closely with the Better Start Bradford team to develop a number of areas of work using the learning from the programme. These have included:

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Community Buildings Management

The three Neighbourhood Centres carried good occupancy rates (83% combined) and sustained excellent retained tenant business throughout the Covid-19 pandemic and subsequent ending of lockdown and easing of restrictions. We supported our tenants with information on the range of financial help available from local and central government to help businesses and organisations cope with the effects of Covid-19. Tenants used Grant funding to continue operating and the Furlough scheme to help with wages/retain staff. We also encouraged our not-for-profit tenants to talk to their Funders and find out how they will support their services. Most Funders fully backing their recipients and also increasing their support to help them.

A two fold strategy continues to control our costs;

Trident is moving to replace its heat and hot water reliance on fossil fuels (gas boilers) with renewable technology; we are finalising proposals that will use Air Source Heat Pumps to provide heat and hot water for our Park Lane Centre. Once installed, commissioned and successfully delivering the needs of the building and its users – we aim to carry out the process at our other sites to champion the reduction in our Carbon footprint.

This new strategy compliments our Solar Photo Voltaic Arrays at: Park Lane (28.20 kWp), Mayfield (30.00 kWp) and Woodroyd (26.40 kWp) which generate an estimated combined annual yield of 68,000 kWhs. Moving to solar has already given us some protection from energy price increases and started lowering our carbon footprint at each of the sites.

The Mayfield Centre is well established and has now been open for over 15 years. It has good occupancy rates and is mainly home to our community organisation tenants. Covid-19, the consequent lockdown and restrictions prevented the use of the centre, however, since Covid-19 restrictions eased in August 2021 we have seen a good return of the local community using the centre for a range of activities. 6933 people attended functions at the Mayfield hall and meeting rooms at 102 separate events.

The Park Lane Centre is working well also with high occupancy rates. Being the base for the Community Enterprise Coach it encourages and supports new start-ups in the area. We provide good standard office accommodation for many small businesses. The centre is also the base for the Park Lane Nursery which further enhances the centre’s offer. Again Covid-19, the consequent lockdown and restrictions prevented the use of the centre and since Covid-19 restrictions eased in August 2021 we have seen a steady return of people to the centre for a range of activities. 4716 people attended functions at the Park Lane hall and meeting rooms at 84 separate events.

The Woodroyd Centre as a key medical site was open during the lockdown delivering its services to the local community with NHS staff delivering GP telephone consultations, Community health outreach and the Covid-19 vaccine rollout on-site. Negotiations with the NHS are in the final stages for it to take up more space at the Woodroyd centre to deliver extra health services to the local community. Trident continues to deliver the Facilities Management in house for the Woodroyd Centre to enable the centre to deliver its valuable services to the local community.

We have received planning approval to create a new full width front extension at the Parkside Sports Centre to incorporate a new reception area, café, gym, multi-purpose fitness room, enhanced changing rooms, accessible lift, accessible toilet facilities and state of the art cricket lanes and coaching to encourage young and old, especially girls and women to take up cricket. The successful partnership work with Sport England on the previous project at the site to deliver an enhanced sports environment for customers with improved facilities led to successful negotiations with the ECB (England and Wales Cricket Board) supporting and committing financially to create the new sports extension together with other funders. We are hopeful that Levelling Up Funding (LUF) will complete the financial package required for us to create the enhanced sports facility. The sports centre has welcomed back people after the Covid-19 lockdown ended and restrictions were eased. A new management system is also in place and tasked to deliver the transition to a sustainable building.

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

We used the lockdown and restrictions to carry out improvements to welcome back people at the centres; these included Woodroyd Café facelift to re-launch a fresh and vibrant focal point.

We installed large interactive screens in the Park Lane hall, boardroom and Mayfield hall to create High-tech hire space. The Mayfield hall also benefited from the installation of a light and sound system to provide users with additional features. We created IT hubs at Park Lane, Mayfield, Parkside with an accessible computer at each site for those in the community that don’t have access to a computer.

With over 75% of events and bookings coming from our BD5 area and the diverse range of services that our tenants provide; services that include; Counselling that supports young people, families, individuals and couples, Support for adults with learning difficulties, Support for best practice in Pre-schools, Playgroups and Parent & Toddler groups, Children’s Tuition, Adult Skills and Education, Debt and Benefit advice and Community Health – there is a positive impact in the BD5 area which we are proud to be involved in and plan to build on to improve the lives of those less fortunate.

Parkside Sports Centre

Parkside was partially affected by Covid restrictions during the year due to lock downs. Lockdowns effected both sporting and community sessions.

The centre was repurposed as food distribution hub and maintained support and contact with the community. Special thanks to:

Artworks for 100 activity packs for young children. Once allowed the centre was able to quickly re-start sports sessions. However some users delayed their return due to Covid related fears and indoor sports.

Available sessions were widely adverted which secured new users to Parkside, but this did take time to build back to previous sports session activity levels.

As the restrictions lifted, bookings for the Community activities increased steadily including bookings for Parties and small functions, as well as Literacy Trust (Bradford Stories) brought their American school Bus to Parkside with Authors to read story’s and gave out over 200 books to children.

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Staff have welcomed some new organisations, to establish new sessions at Parkside including:

Agent Session
Horton Housing ESOL Classes for 10-15 women weekly
Women Zone Netball sessions for 15 women in the Sports hall
Bradford Foundation Trust HAFS sessions for 30 Refugee and Asylum seeker
children on Saturdays from August upon till
Christmas 2021.
Youth Service Sports sessions on Tuesday and Thursday, in the
sports hall for 20 Children of Afghan refugee Families
living in Cedar court.
Literacy Trust delivered digital inclusion sessions for 10 young
people and
Yorkshire Cricket Foundation Women cricket league over the winter months, 40+
women play in the competition weekly
New Horizons Working with Special needs Clients, Replaced
Bradford Academy, using the upstairs space 10am till
3pm Mon-Fri and 12pm-3pm Saturdays and Sundays
Sumera Exercise sessions on Mondays and Thursdays for
10-15 women weekly
WBYI Children Cricket sessions over the winter months
Arabic School new Arabic School Saturday mornings 40+ children
attend
NAFS Exercise sessions for up to 20 women on Tuesday,
Wednesday and Fridays.
Theory Test Theory Test learning session on Friday for up to 10
women
The Youth Association

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

Funding was secured from the Holiday Activities and Food programme for activities delivered through August for 20 children daily for 3 weeks. Provision included: Arts and Craft, age-appropriate education work sheets and food ingredients, for families to cook together at home and enjoy family meals together.

Support for families continues with food parcels, working with local Organisations such as Bradford Community Kitchen and BCADS, support has extended to more than 50 families over the summer months and another 20 over Christmas.

Special thanks to our 15 Volunteers who freely gave over 600+ hours of their time and energy.

Parkside Sports Centre Extension

Steady progress to the plans and finances of the project was made through the year. Adaptations were made to address limitations placed upon the site by Yorkshire Waters drainage retention tank, which resulted in the now striking design for the first floor cricket hall. Over 200 funding applications were submitted and reasonable success has secured over a £1 million of funding pledges. The patience and understanding of our funders is greatly appreciated and has been critical towards the project moving forward. The aim of the project is to bring to Little Horton state of the art sporting facilities and a robust sports development plan to encourage and enable young and old, especially girls and women to take up cricket and other physical activities. The successful partnership work with Sport England on the previous project at the site to deliver an enhanced sports environment for customers with improved facilities led to successful negotiations with the ECB (England and Wales Cricket Board) and other funders supporting and committing financially to create the new sports extension.

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Park Lane Pre-School Nursery

Continued professional development has enabled our practitioners to fulfil their potential through face to face first aid, also online training in understanding Autism, risk assessments, Healthy start in childcare course, safeguarding and food safety. Staff supervision and meetings have been on-going around the day to day running of the nursery. All staff have completed their training with I CAN. This is the Early Talk Toolkit with a collection of resources designed to help children under 5 with their speech and language development.

After receiving the I CAN’s Early Talk Accreditation in September 2021 we have created communication rich areas, we have been using the resources to improve speech, language and communication with our children and we have identified 2 children in need of the Early years Inclusion Funding.

The nursery has been attending meetings at Barkerend Centre to discuss the 2 year offer take up in our area. We have been looking at how we can work together to support more families to access the free 2-year eligibility offer. Overall, the Little Horton Ward Area is our lowest uptake ward. We are taking proactive steps to increase take up, and we have been looking at views and ideas on how best we can further engage with families. So far, each term we are conducting door to door leafleting and with the help of the team at Barkerend Centre we approach families who are eligible for the 15 hours free childcare.

In July 2021 we had a leaving party for those children who were moving into reception class, they had their graduation photos taken and certificates were presented to them. Key workers had end of year parent consultations and discussed transition from pre school to school. All assessments and reports were presented to schools for those children who were leaving our nursery. This will provide continuity in children’s development as they move on to their next stage of learning. We ended the year by arranging a sports week and we took parents and children to Lister Park for a fun day out.

After contacting Ofsted, we have now been successful in providing 30 hours of free childcare to parents who are eligible, providing they can secure their eligibility code through HMRC. We applied for Xmas presents through radio Leeds, funding was agreed and the pre school and the playgroup children received a present from Santa. We won a competition in the Families Leeds and west Yorkshire magazine. The prize was a timber tots magic tree activity set for children to enjoy. A photograph was published in the magazine showing our children playing with this activity. We continue to be part of the BD5 magazine and advertise for free childcare places and share photographs of the work we do with our children.

Our volunteers and students are always valued in our nursery and play an important role in interacting with children. We appreciate their help, and they make a huge difference when they can work with some of the children on a 1:1 basis. Our two volunteers have taken up roles in supporting children with special needs, this is term time only and is paid through extra funding from the SEN department.

Every Tuesday morning term time only we continue to offer playgroup sessions for the community. This is working well where parents, babies and toddlers can enjoy a wide range of activities in the hall.

We have had regular visitors from Bradford Learning Alliance, Bradford under Five’s Association, Baby Ballet, incredible years etc, who have been interested in meeting the group and offering their services and talking to parents.

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Community Development Activities

Using an asset-based community development approach, Bradford Trident delivered a range of activities to support our communities. Community Development work supported:

Community (Urban Parish) Council

The charity invested £20,000 into the Community (urban parish) Council to facilitate it’s operation and community activities, of which £10,000 funds small grant awards administered by the Community Council to local community and voluntary groups.

Community Development

A variety of Neighbourhood Associations, Sports clubs and the Faith Forum were supported throughout the year.

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Bike Library and Active Travel

Weekly bicycle repairs and mechanical workshops were conducted through the Bike Library with a dedicated team of volunteers. Advice and courses on cycling safely on the roads through courses like Bikeability Levels 1, 2 and 3; teaching adults on how to repair their own and children’s bicycles thereby instilling confidence in riding further than traditional short local journeys. The year saw the project increase the reach of its work by working with partners including: Healthy Life Cycles, Capital of Cycling, Margaret Cairey Foundation, Bradford Council and local schools.

This work has positively impacted active travel and contributed to the betterment of the air quality in the area.

In addition, as previously, School Striders Project geared up to deliver in our local primary schools in partnership with Cecil Green Arts, funded through the Clinical Commissioning Groups (CCGs) in Community Partnership 6 (CP6). The benefits included: children and families being more active due to walking short journeys, better air quality as cars journeys were being replaced by walking, cycling and scooting to schools and parents spending a little more time outdoors with their children.

Digital Inclusion

Through extensive work with local organisations, partners and the establishment of new and interesting networks, Bradford Trident has continued its work on digital inclusion with support from Good Things Foundation.

Work undertaken through the Log On, Check In, Move Up (LOCIMU) partnership supported hundreds of local people from all ages and backgrounds. The work involved GCSE tutoring, provision of internet access, 121 volunteer support on using the internet for improving skills and confidence, debt, housing, benefits advice, counselling and support with school appeals.

Thanks to funding from the Scheinberg Relief Fund via the Good Things Foundation the Connect Up project sought to support 52 individuals representing the most marginalised, the elderly, with support through 1:1 volunteering. Support was provided in the home and through other interventions we made via the CLICS team and Healthy Lifestyles Project. This has reduced digital exclusion, loneliness and isolation in over 55s by helping them increase their digital skills and confidence.

As part of supporting the digitally divided, we have also secured and given away 151 sim cards distributed to those in need, thanks to O2 and Vodafone for the free data via the National Databank.

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Healthy Lifestyles Project and Central Locality Integrated Care Service

The Healthy Lifestyles Project delivers:

The period saw the project coming our off Covid 19 and the national lockdowns, which meant that groups were starting to get back up and people took some time to adjust back to ‘business as usual’.

The year in figures:

Attendees at Healthy Lifestyles weekly /monthly groups.

Seniors lunch clubs: 25 individuals per week over 49 weeks = 1,225 attendances

Women’s group: 18 individuals per week over 48 weeks = 816 attendances

Food Hub: up to 30 individuals per month over 11 months = 330 attendances

Wellbeing Café: 30 individuals per month over 12 months = 360 attendances

There is scope and demand to deliver sessions such as the Food Hub on a weekly basis rather than monthly, this is dependent on future recruitment of volunteers.

There were some changes to the Central Locality Integrated Care Service contracts which meant that the funding for the social prescribers moved over to a district wide provider. This was a bit difficult as it inhibited the projects connection to local GP surgeries.

The volunteering co-ordination project has improved with the ease of lock down. 8 volunteers were recruited and they were involved in a range of activities, including; supporting the women’s group, running the theory driving sessions and supporting with holiday schemes. Jointly they contributed over 250 hours of their time to the projects. Each of those volunteers participated in some form of training, including: Royal Society Public Health level 1, Making every Contact Count, Mental Health First Aid and various online courses such as safeguarding.

Community Development carried on supporting and establishing groups within the community that improve individual’s well-being, including setting up and supporting a women’s driving theory group. This is run by a volunteer and supports around 8 women.

End of Life befriending programme supported individuals in their last year of life, as well as their families/carers. This was delivered by providing one to one support, befriending programme and Well-Being café. Referrals were slow with 4 people received befriending support.

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Enterprise Support

The last 12 months have continued to be a challenge for those with any type of business, large or small, as we’ve all had to adapt to a new economic climate and new ways of working. Enterprise support has seen a shift in needs, with the second half of the year seeing enquiries from those looking at moving into self-employment start to rise once more. Enterprise Coaching (economic development) continues to be a priority. Whilst delivery of support moved to a multi-platform model (e-mail, phone, Teams/Zoom and face to face) we have found that as confidence grows the trend is much more back to face to face meetings with clients.

Our multi-platformed enterprise programme continues to innovate to support local people in becoming more formally economically active. Our enterprise offer is a clear and unique selling point when promoting the BD5 area as ‘Great for Business’. We promote enterprise support to those living and working in the area, whilst welcoming enquiries from those who may be looking to base their businesses in our area too. We actively seek out collaboration opportunities that support the younger end of our population, which includes working with University of Bradford on their Graduate Workforce Development Programme, developing closer links with Bradford College, as well as The National Careers Service, The Job Centre/DWP, Bradford Council, and Power to Change.

Achievements this year:

In the current climate it has not been possible host networking events or workshops, these will be reintroduced next year.

Our ‘Business Trustee’, Ramen Haire, continues to be a tremendous support and welcome sounding board encouraging and supporting all aspects of the enterprise provision and championing our work effectively and enthusiastically. Ramen will also be assisting us with our networking programme moving forward too.

For the year ahead we have been successful in winning Enterprise Coaching funding to grow our enterprise support offer further, fully funded by Bradford Council.

Bradford Trident Property Investment Portfolio

Trident’s investment properties continue to perform well. All properties remined fully let throughout the year. Chichester House was sold following a review of our estate development plans. Trident benchmark rents to ensure that a fair market rate is charged to our tenants and this year has seen the conclusion of rent reviews at several properties. Repairs and maintenance routines are firmly established and are regularly monitored. Trident strives to provide tenants with the best possible facilities at competitive rates.

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Related Parties:

Bradford Trident Trading company - wholly owned subsidiary

In 2005 the charity set up a wholly owned trading subsidiary Bradford Trident Trading Limited (BTT) to manage land development opportunities in the area, thus the principal activity of this company limited by guarantee is the trading of investment properties. Further details about the results of BTT are contained in notes 19 and 20 to the financial statements. As part of its long term strategy Bradford Trident has invested in property. Surpluses generated by BTT are gifted to Bradford Trident and used for community benefit. The overall business plan for Bradford Trident includes earned income from other contracts and commissions, with a dual purpose of providing services which are of benefit to the local community whilst also contributing to the overheads and running costs of the organisation.

Arise Yorkshire Limited – 4-way joint venture

In 2013 Trident joined forces with three other local community anchors to form a joint venture company call Arise (Yorkshire) Limited. The mission of Arise is for ‘Similar community enterprises rooted in their own communities coming together to combine their collective experience, skills and delivery capacity to attract investment and win service delivery contracts for the economic, social, environmental and cultural regeneration of Bradford and beyond’. The company has successfully rejuvenated 21 formerly derelict houses and returned them to being homes, completed Community Health Asset mapping and research, delivered a multi-party integration programme and worked with partners in support of Community Owned and Managed Assets support project for the local VCS. Arise continues to own and lease the 21 restored houses.

Bradford Community Energy – part share holder

Bradford Community Energy (BCE) was established to further the development of renewable energy projects in the district thanks to support from the Community Shares Unit, the Co-ops UK Booster programme and Bradford Council. Bradford Trident has a £3,750 share in BCE which owns and operates the solar panels on the Park Lane Centre and Mayfield Centre. BCE is a community benefit society, society registration number 008388.

Financial review

The report indicates that Bradford Trident remains in a healthy financial position with £6,722,159 (£6,458,320 in 2021) of Total Net Assets held by the charity group at the end of the reporting period. Of these £5,547,723 are fixed assets and a further £408,895 are restricted funds. The unrestricted reserve policy target is £455,000 made up of:

Plus designated fund of:

The remaining free reserves, £541 are available to the charity to explore new service activities or other income generation. Consequently the Board of trustees have no hesitation in declaring the charity to be a going concern.

Bradford Trident holds a significant property portfolio including three community hubs, one sport centre and four other investment properties. The investment strategy is to manage community hubs for delivery of local services and facilities for the community and use income from across the estate to generate funds to enable provision of community services. The buildings are actively managed and maintained and an unrestricted contingency reserve is being built to cover major future building related costs.

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

External funds

The Board of trustees are grateful for the contributions amounting to £7,142,795 in the financial year 2021/22. External funds are pursued to supplement community service delivery costs.

As of 31 March 2022, a balance of £293,143 of restricted National Lottery Fund monies for the Better Start Bradford programme was held. The period saw the Better Start Bradford enter year seventh of a ten year, £49million funding window. The programme identifies champions and embeds services and practices that enable the very young to benefit from the best possible start in life through improving children's social and emotional development; communication and language development and nutrition. It is founded on a multi-sector partnership approach and draws upon pooled resources.

External Funding bodies 2021/2022
 £
General External fund (see Note 3 Donations and legacies)
220,555
Better Start Bradford External Funds
National Lottery Fund Grant – Fulfilling Lives: A Better Start 5,670,086
National Lottery Fund Grant – Fulfilling Lives: A Better Start Capital 689,162
Bradford District Care Foundation Trust – BSB match 40,881
West Yorkshire Police – BSB match
 50,303
Bradford Council Early Childhood Services – BSB match 180,000
Bradford Council Public Health – BSB match 18,267
NHS Bradford & Districts CCG–BSB match 156,270
BSB Sub Total
 6,804,969
Grand Total
 7,025,524

Risk

The charity has a risk register, which is reviewed every six months by the senior management team and annually by the board. Significant new risks are brought to the attention of the board as and when they are identified. The risk assessment process identified the following major potential risks:

The charity has put measures in place to manage these risks (robust financial procedures and spot checking; safeguarding policy and training, Covid protection measures and messaging, and building reviews and carbon emission reduction plan) and makes assessments as to the likelihood of these and other risk events. Systems are in place to minimise the operational, financial and reputational impact these and other risks could have on the charity.

The charity has put measures in place to manage these risks (robust financial procedures, training and spot checking; safeguarding policy and training, Covid protection measures and messaging, and building reviews and carbon emission reduction plan) and makes assessments as to the likelihood of these and other risk events. Systems are in place to minimise the operational, financial and reputational impact these and other risks could have on the charity.

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

Plans for Future Periods,

The period has seen Trident continue to respond to the Covid-19 crisis and the nervous resumption of community activity following the roll out of the Covid-vaccinate jabs.

Trident continues to make progress towards becoming net-zero and has committed to be a UN SME Climate Hub. Development of an Air Sourced Heat Pump system at Park Lane was stalled by Covid but has been resumed. Once the approach has been tested, it is intended to roll out similar technology across the Trident estate linked with building materials improvements to improve insultation and air tightness.

Next year will see the results of several partnership commission responses for interesting areas of work from Bradford Council including:

Also a anew service to support and encourage young families to enjoy recently enhanced local green spaces via a commission from Better Start Bradford called Better Places.

Finally Trident are seeking to expand our Active Travel work, promotion sustainable travel in the neighbourhood and to enhance the digital connectivity of the neighbourhood to assist residents maximise the benefits of increasing digital services.

Development and commitment to our local Community (Health) Partnership, Horton and City Health Collaboration continues with local partners across the VCS along with GP practices, Hospital services, the Care Trust, Social Services and Local Area Officers. This is part of an emerging strategy in Bradford and nationally to devolve resources to localities to address the wider determinates to health through prevention work and so reduce health inequalities. We are delighted to be involved in this work for Little Horton.

The coming year will see:

Significant challenges remain in the BD5 area including: health inequalities, high infant mortality, low academic attainment and low household income levels.

The vision of our Board of Trustees is that through our activities and those of our partners, over the coming years, the local area will continue to positively develop with a proud, healthy, active and welcoming community; a place where families thrive.

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Structure, governance and management

Bradford Trident Limited, also known as Bradford Trident, is a registered charity and a company limited by guarantee and registered in England. It is governed by its memorandum and articles of association. The Trustees of Bradford Trident Limited have complied with their duty to have due regard to the charity commission’s public benefit guidance when exercising any powers or duties to which the guidance is relevant.

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:

Cll Taj Salam Ward Councillor Chair
Cll Shahzada Meer Community Councillor Vice Chair
Mrs Sarah Hinton Faith Director
Mr Mohammed Saeed Afsar Youth Director
Ms Fareeda Mir Ward Councillor
Cllr Sadaqat Ali Khan Community Councillor
Cllr Hawarun Hussain Health Director
Mr Yaqoob Ayoob Community Director
Ms Ramenpreet Haire Business Director
Cllr Shah M Khokhar Community Councillor
Cllr Niaz Hussain Ali Community Councillor
Cllr Javed Khan Community Councillor
Cllr Satnam Singh Community Councillor (Retired 31 March 2022)
Mr Ishaq Shafiq Community Director
Mr Habib Rehman Afsar Community Councillor (Appointed 15 September 2022)
Cllr Noor Elahi Ward Councillor (Appointed 26 May 2022)

Trustees are appointed through a variety of routes. Six trustees are appointed via the Community (urban parish) Council, two trustees are elected Ward Councillors, there are appointments from local issue specialists for: faith, business, health and youth issues, a treasurer trustee and two community trustees are recruited from local groups/ residents. All trustees, bar one, live or work in the BD5 area.

The board of trustees provide the strategic direction and scrutiny functions of the charity and are responsible for approving and overseeing the policies and practices of the organisation. The trustees meet at least quarterly. Day to day general management of the charity and operational responsibilities are delegated to the Executive Officers and Company Secretary.

The employment package (salary plus pension contribution) of Bradford Trident’s highest paid employee is 3.49 times that of the least paid employee. There are two employees that receives a package of over £60,000 per year. Salary levels are periodically compared to industry averages and reside towards the bottom of the upper quartile. Pay awards are linked to performance of the individual and organisation. It is our ambition to remain below the 1:4 ratio and to continue to reward all staff with at least the UK Living Wage.

All trustees have completed a training needs analysis and their individual training needs are reviewed on an annual basis. New Trustees have an induction which gives information on the role of a Trustee and the workings of Bradford Trident. This involves a meeting with the Chief Executive, a pack of key documents and often involves visits to centres.

The Board of Trustees appoint the directors of our trading subsidiary Bradford Trident Trading Limited and the director representatives to our joint venture Arise (Yorkshire) Limited. Locally recruited service users form the Better Start Bradford Partnership Board, which steers Better Start Bradford’s review and implementation functions. They receive guidance and support from the Better Start Executive which includes Bradford Trident’s CEO, the Strategic Directors of Children’s Services and Public Health (Bradford Council) and the Director of Collaboration (Bradford Clinical Commissioning Groups), Research Director (Born in Bradford) and Funding and Relationship Manager (National Lottery Fund).

Auditor

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

In accordance with the company's articles, a resolution proposing that Naylor Wintersgill Limited be reappointed as auditor of the company will be put at a General Meeting.

Disclosure of information to auditor

Each of the Trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The Trustees report, including the strategic report, was approved by the Board of Trustees.

Cllr Taj Salam - Chair

Dated: 21 December 2022

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2022

The Trustees, who are also the directors of Bradford Trident Limited for the purpose 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 which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Charity 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 Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF BRADFORD TRIDENT LIMITED

Opinion

We have audited the financial statements of Bradford Trident Limited (the ‘parent charity’) and its subsidiaries (the 'group') for the year ended 31 March 2022 which comprise the group statement of financial activities, the group balance sheet, the charity balance sheet, the group statement of cash flows, the charity statement of cash flows the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group’s and parent charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF BRADFORD TRIDENT LIMITED

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent charity and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report included within the Trustees report.

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the statement of Trustees responsibilities, the Trustees, who are also the directors of the Charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the parent charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF BRADFORD TRIDENT LIMITED

Capability of the audit in detecting irregularities, including fraud

Based on our understanding of the Group and its industry, we identified that the principal risks of non-compliance with laws and regulations related to breaches of UK law and we considered the extent to which non-compliance might have a material effect on the financial statements of the Group. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries to increase revenue or reduce expenditure or increase the capital position of the Company, and management bias in accounting estimates and judgmental areas of the financial statements such as the recognition of income. Audit procedures performed by the engagement team included: ·

Designing audit procedures to incorporate unpredictability around the nature, timing or extent of our testing over immaterial liabilities and assets balances. ·

There are inherent limitations in the audit procedures described above and the further removed non-·compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company’s members, as a body, in accordance with section 391 of the Companies Act 2014. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Alison Whalley (Senior Statutory Auditor) for and on behalf of Naylor Wintersgill Limited

21 December 2022

Chartered Accountants

Statutory Auditor

Carlton House Grammar School Street Bradford BD1 4NS

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted
Restricted
funds
funds
2022
2022
Notes
£
£
Income and endowments from:
Donations and legacies
3
122,525
7,024,802
Charitable activities
4
158,859
-
Share of joint venture
4
-
722
Investments
5
678,011
-
Other income
6
47,487
-
Total income
1,006,882
7,025,524
Expenditure on:
Raising funds
7
228,451
-
Charitable activities
8
906,258
6,742,208
Total resources
expended
1,134,709
6,742,208
Net gains/(losses) on
investments
14
108,350
-
Net (expenditure)/income for
the year/
Net movement in funds
(19,477)
283,316
Fund balances at 1 April
2021
4,687,369
1,770,951
Fund balances at 31
March 2022
4,667,892
2,054,267		 Total
Unrestricted
funds
2022
2021
£
£
7,147,327
164,521
158,859
158,001
722
-
678,011
600,624
47,487
3,297
8,032,406
926,443
228,451
244,713
7,648,466
481,134
7,876,917
725,847
108,350
-
263,839
200,596
6,458,320
4,486,773
6,722,159
4,687,369		 Restricted
funds
2021
£
6,371,176
13,690
10,357
-
-
6,395,223
-
6,397,945
6,397,945
-
(2,722)
1,773,673
1,770,951		 Total
2021
£
6,535,697
171,691
10,357
600,624
3,297
7,321,666
244,713
6,879,079
7,123,792
-
197,874
6,260,446
6,458,320

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.

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

GROUP BALANCE SHEET

AS AT 31 MARCH 2022

2022 2021
Notes £ £ £ £
Fixed assets
Tangible assets 15 1,829,273 1,859,298
Investment properties 17 3,351,919 3,243,569
Investments 18 3,750 3,750
Programme related investments 16 362,781 362,059
5,547,723 5,468,676
Current assets
Debtors 21 627,740 417,963
Cash at bank and in hand 4,461,743 3,434,346
5,089,483 3,852,309
Creditors: amounts falling due within 22
one year (3,915,047) (2,862,665)
Net current assets 1,174,436 989,644
Total assets less current liabilities 6,722,159 6,458,320
Income funds
Restricted funds 24 2,054,267 1,770,951
Unrestricted funds
Designated funds 23 765,000 809,000
General unrestricted funds 3,902,892 3,878,369
4,667,892 4,687,369
24 6,722,159 6,458,320

The accounts were approved by the Trustees on 21 December 2022

Cllr Taj Salam - Chair Trustee

Company Registration No. 04084653

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

CHARITY BALANCE SHEET

AS AT 31 MARCH 2022

2022 2021
Notes £ £ £ £
Fixed assets
Tangible assets 15 1,829,273 1,859,298
Investment properties 17 3,351,919 3,243,569
Investments 17 3,850 3,850
5,185,042 5,106,717
Current assets
Debtors 21 654,383 415,532
Cash at bank and in hand 4,428,871 3,430,549
5,083,254 3,846,081
Creditors: amounts falling due within 22
one year (3,913,783) (2,861,401)
Net current assets 1,169,471 984,680
Total assets less current liabilities 6,354,513 6,091,397
Income funds
Restricted funds 23 1,691,486 1,408,892
Unrestricted funds
Designated funds 23 765,000 809,000
General unrestricted funds 3,898,027 3,873,505
4,663,027 4,682,505
24 6,354,513 6,091,397

The accounts were approved by the Trustees on 21 December 2022

Cllr Taj Salam - Chair Trustee

Company Registration No. 04084653

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2022

Notes
Cash flows from operating activities
Cash (absorbed by)/generated from
operations
31
Investing activities
Purchase of tangible fixed assets
Proceeds on disposal of tangible fixed
assets
Purchase of investments
Investment income received
Net cash generated from investing
activities
Financing activities
Repayment of bank loans
Net cash generated from/(used in)
financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2022
£
£
(42,394)
(8,220)
-
-
678,011
669,791
400,000
400,000
1,027,397
3,434,346
4,461,743		 2021
£
£
601,470
(7,119)
57,000
(3,750)
600,624
646,755
-
-
1,248,225
2,186,121
3,434,346		 2021
£
£
601,470
(7,119)
57,000
(3,750)
600,624
646,755
-
-
1,248,225
2,186,121
3,434,346
1,248,225
2,186,121
3,434,346

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

CHARITY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022

Notes
Cash flows from operating activities
Cash (absorbed by)/generated from
operations
31
Investing activities
Purchase of tangible fixed assets
Proceeds on disposal of tangible fixed
assets
Purchase of investments
Investment income recieved
Net cash generated from investing
activities
Financing activities
Proceeds from borrowings
Net cash generated from/(used in)
financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2022
£
£
(71,464)
(8,220)
-
-
678,006
669,786
400,000
400,000
998,322
3,430,549
4,428,871		 2021
£
£
601,568
(7,119)
57,000
(3,750)
600,622
646,753
-
-
1,248,321
2,182,228
3,430,549		 2021
£
£
601,568
(7,119)
57,000
(3,750)
600,622
646,753
-
-
1,248,321
2,182,228
3,430,549
1,248,321
2,182,228
3,430,549

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

CHARITY STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

1 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.

2 Accounting policies

Company information

Bradford Trident Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Park Lane Centre, Park Lane, Bradford, BD5 0LN. In the event of the charity being wound up, the liability of the guarantee is limited to £1 per member.

2.1 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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

As permitted by s408 Companies Act 2006, the charity has not presented its own profit and loss account and related notes. The charity's deficit for the year was £187,517 (2020 £105,881).

The consolidated financial statements incorporate those of Bradford Trident Limited and its subsidiary Bradford Trident Trading Limited.

All financial statements are made up to 31 March 2021. Where necessary, adjustments are made to the financial statements to bring the accounting policies used into line with those used by the parent.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation.

2.2 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.

2.3 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.

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

2 Accounting policies

(Continued)

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.

2.4 Incoming resources

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.

2.5 Resources expended

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 are allocated on the portion of the asset’s use.

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a staff time basis. No amounts have been included in the financial statements for services donated by volunteers.

The basis of allocation follows the delivery plan agreed with the Government Office for North Yorkshire and Humberside. Primarily this means that costs are designated to specific projects. However, in addition all management and administration expenses are included in that section of the statement of financial activities.

2.6 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:

Freehold buildings 50 years straight line
Fixtures, fittings and office 4 and 5 years straight line
equipment

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.

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

2 Accounting policies

(Continued)

2.7 Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

2.8 Fixed asset investments

Equity investments are measured at fair value through profit or loss, except for those equity investments which are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

In the parent company financial statements, investments in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

2.9 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).

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in income/ (expenditure for the year, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately, unless the relevant asset is carried in at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

2.10 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.

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

2 Accounting policies

(Continued)

2.11 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.

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.

2.12 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.

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

3 Donations and legacies

Donations and legacies
Unrestricted Restricted
funds
funds
2022
2022
£
£
Donations and gifts
4,532
-
Government grants
117,993
7,024,802
122,525
7,024,802		 TotalUnrestricted Restricted
funds
funds
2022
2021
2021
£
£
£
4,532
24
-
7,142,795
164,497
6,371,176
7,147,327
164,521
6,371,176		 Total
2021
£
24
6,535,673
6,535,697

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

3
Donations and legacies
Grants receivable for core activities
Betterstart - The National Lottery
Community Fund
-
Sport England
-
Bradford Council - Preschool
Funding
53,521
Bradford MDC Small Business
Grants
12,000
HMRC Job Retention Scheme
16,472
Morrisons Charitable Foundation
-
Transforming Lives for Good
-
Test & Trace Community
Engagement
-
Bradford MDC Community Action
-
Bardford MDC Cleaner Streets
-
Power to Change - CCLORS
-
Winter Food Scheme
-
Sovereign Healthcare Community
Fund
-
Community Council Food Bank
-
Bradford MDC Hub Development
-
Bradford MDC Holiday Hunger
-
Good things foundation
-
Resilience and Recovery Grant
-
Power to Change - Business
Development Support
-
Arnold Clark Community Fund
-
NHS Charities Together - Leeds
Hospital Charity
-
Holiday Activities & Food (HAFS)
-
Bradford MDC - Climate Action
Fund
-
NLCF - Play Bradford Partnership
-
Dream Big Trust (Parkside)
-
Bradford Council Disability Grant
(Parkside)
-
Community Anchors and Wide
Determinants Research
-
Household Support Fund
-
Skipton Building Society
Charitable Foundation Parkside
-
Warburtons Community Grants
-
Bradford Council Grant -
Enterprise Support Programme
-
HM Government
36,000
117,993		 6,804,969
-
-
-
-
-
50
-
-
6,000
-
-
-
-
8,613
2,620
100,000
8,000
1,000
29,546
9,587
2,000
7,344
500
25,000
250
1,037
3,000
400
14,886
-
7,024,802		 6,804,969
-
53,521
12,000
16,472
-
-
50
-
-
6,000
-
-
-
-
8,613
2,620
100,000
8,000
1,000
29,546
9,587
2,000
7,344
500
25,000
250
1,037
3,000
400
14,886
7,106,795		 -
-
77,448
50,143
36,906
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
164,497		 (Continued)
6,187,456
6,187,456
8,709
8,709
-
77,448
-
50,143
-
36,906
7,950
7,950
5,630
5,630
7,500
7,500
22,500
22,500
2,000
2,000
98,000
98,000
4,331
4,331
10,000
10,000
3,000
3,000
7,500
7,500
6,600
6,600
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
6,371,176
6,535,673		 (Continued)
6,187,456
6,187,456
8,709
8,709
-
77,448
-
50,143
-
36,906
7,950
7,950
5,630
5,630
7,500
7,500
22,500
22,500
2,000
2,000
98,000
98,000
4,331
4,331
10,000
10,000
3,000
3,000
7,500
7,500
6,600
6,600
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
6,371,176
6,535,673
6,535,673

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

4 Charitable activities

Charitable
activities
Share of joint
venture
2022
2022
£
£
Sales within charitable
activities
158,859
-
Performance related
grants
-
-
Other income
-
722
158,859
722
Analysis by fund
Unrestricted funds
158,859
-
Restricted funds
-
722
158,859
722
Performance related grants
Healthy Lifestyles
-
-
-
-
Investments
Rental income
Interest receivable		 Total
2022
Charitable
activities
Share of joint
venture
Total
2021
2021
2021
£
£
£
£
158,859
158,001
-
158,001
-
13,690
-
13,690
722
-
10,357
10,357
159,581
171,691
10,357
182,048
158,859
158,001
-
158,001
722
13,690
10,357
24,047
159,581
171,691
10,357
182,048
-
13,690
-
13,690
-
13,690
-
13,690
Unrestricted Unrestricted
funds
funds
2022
2021
£
£
676,894
596,662
1,117
3,962
678,011
600,624		 Total
2021
£
158,001
13,690
10,357
182,048
158,001
24,047
182,048
13,690
13,690
600,624

5 Investments

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

6
7		 Other income
Unrestricted Unrestricted
funds
funds
2022
2021
£
£
Net gain on disposal of tangible fixed assets
-
664
Sundry income
47,487
2,633
47,487
3,297
Raising funds
2022
2021
£
£
Fundraising and publicity
Agency cover
26,964
-
Staff costs
201,487
244,713
Fundraising and publicity
228,451
244,713
228,451
244,713		 Other income
Unrestricted Unrestricted
funds
funds
2022
2021
£
£
Net gain on disposal of tangible fixed assets
-
664
Sundry income
47,487
2,633
47,487
3,297
Raising funds
2022
2021
£
£
Fundraising and publicity
Agency cover
26,964
-
Staff costs
201,487
244,713
Fundraising and publicity
228,451
244,713
228,451
244,713
3,297
2021
£
-
244,713
244,713
244,713

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

8 Charitable activities

Staff costs
Project costs
Grant funding of activities (see note 9)
Share of support costs (see note 10)
Share of governance costs (see note 10)
Analysis by fund
Unrestricted funds
Restricted funds		 2022
£
1,178,609
5,815,756
6,994,365
-
628,307
25,794
7,648,466
906,258
6,742,208
7,648,466		 2021
£
1,153,786
5,202,719
6,356,505
18,750
470,153
33,671
6,879,079
481,134
6,397,945
6,879,079

9 Grants payable

2021
£
Grants to institutions:
Bradford Community Energy Limited 18,750

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

10
Support costs
Staff costs
Printing, postage,
stationery and design
Repairs
Property expenses
Office costs
Other staff costs
Bad debts
Legal and professional
fees
Bank charges and
interest
Irrecoverable VAT
Sundry expenses
Audit fees
Meeting costs
Printing, postage and
stationery
Training costs
Sundry expenses
Analysed between
Charitable activities		 Support
costs
Governance
costs
£
£
-
15,560
7,219
-
84,150
-
337,976
-
74,661
-
7,019
-
10,935
-
51,325
-
36,317
-
13,427
-
5,278
-
-
9,750
-
424
-
-
-
-
-
60
628,307
25,794
628,307
25,794		 2022
£
15,560
7,219
84,150
337,976
74,661
7,019
10,935
51,325
36,317
13,427
5,278
9,750
424
-
-
60
654,101
654,101		 Support
costs
Governance
costs
£
£
-
23,395
9,557
-
61,812
-
271,276
-
77,307
-
22,897
-
(3,180)
-
26,277
-
199
-
-
-
4,008
-
-
9,550
-
600
-
113
-
13
-
-
470,153
33,671
470,153
33,671		 2021
£
23,395
9,557
61,812
271,276
77,307
22,897
(3,180)
26,277
199
-
4,008
9,550
600
113
13
-
503,824
503,824

Governance costs includes payments to the auditors of £9,250 (2021- £9,550) for audit fees.

11 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

12 Employees

Number of employees

The average monthly number of employees during the year was:

Project staff
Management and administration
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2022
Number
47
14
61
2022
£
1,254,665
67,431
73,560
1,395,656		 2021
Number
44
14
58
2021
£
1,245,000
92,114
84,780
1,421,894

The number of employees whose annual remuneration was £60,000 or more were:

2022 2021
Number Number
£60,001 - £70,000 2 2

Contributions totalling £8,211 (2021: £4,086) were made to defined contribution pension schemes on behalf of employees whose emoluments exceed £60,000.

13 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the current or prior financial year. Telephone expenses totalling £424 were reimbursed to one trustee (2021: telephone expenses of £600 to one trustee).

14 Net gains/(losses) on investments

2022 2021
£ £
Revalution of investment properties 108,350 -

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

15 Tangible fixed assets - Group and Charity

Cost
At 1 April 2021
Additions
At 31 March 2022
Depreciation and impairment
At 1 April 2021
Depreciation charged in the year
At 31 March 2022
Carrying amount
At 31 March 2022
At 31 March 2021
Programme related investments
At 1 April 2021
Additions
At 31 March 2022		 Freehold
buildings
£
1,886,962
-
1,886,962
76,499
29,069
105,568
1,781,394
1,810,463		 Fixtures,
fittings and
office
equipment
£
137,415
8,220
145,635
88,580
9,176
97,756
47,879
48,835		 Total
£
2,024,377
8,220
2,032,597
165,079
38,245
203,324
1,829,273
1,859,298
£
362,059
722
362,781

16 Programme related investments

Programme related investments relates to a 25% share in Arise Yorkshire Limited, a company registered in England and Wales (Company number 08408211).

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

17 Investment property - Group and Charity

Fair value
At 1 April 2021
Net gains or losses through fair value adjustments
At 31 March 2022		 2022
£
3,243,569
108,350
3,351,919

The fair value of the investment properties has been arrived at on the basis of a valuation carried out at 31 March 2016 by Sharma Williamson Chartered Surveyors, who are not connected with the Charity. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. The Trustees do not consider the value of the property to have changed since this date.

18 Fixed asset investments - Group

Unlisted investments
Movements in fixed asset investments
Cost or valuation
At 1 April 2020 & 31 March 2021
Carrying amount
At 31 March 2022
At 31 March 2021		 2022
£
3,750
3,750		 2021
£
3,750
3,750
Shares
£
3,750
3,750
3,750

17 Fixed asset investments - Charity

Investments in subsidiaries
Unlisted investments		 2022
£
100
3,750
3,850		 2021
£
100
3,750
3,850

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

20 Subsidiaries

Name of undertaking and country of Name of undertaking and country of Nature of Class of % Held
business
incorporation or residency shareholding Direct
Bradford Trident Trading Limited England Trading of Ordinary 100.00
investment
property

The aggregate capital and reserves and the result for the year of subsidiaries was as follows:

Name of undertaking
Capital and
reserves
£
Bradford Trident Trading Limited
4,964
Company no. 05325181
21
Debtors
Amounts falling due within one year:
Trade debtors
Amounts due from subsidiary undertakings
Other debtors
Prepayments and accrued income
22
Creditors: amounts falling due within one year
Loans and overdrafts
Other taxation and social security
Trade creditors
Other creditors
Accruals		 Turnover
£
1,360
Group
2022
£
230,219
-
910
396,611
627,740
Group
2022
£
400,000
11,548
2,713,922
1,084
788,493
3,915,047		 Turnover
£
1,360		 Expenses
Profit/(Loss)
£
£
1,360
-
Charity
2021
2022
2021
£
£
£
212,076
230,218
212,075
-
26,643
22,235
1,210
910
1,210
204,677
254,955
180,012
417,963
512,726
415,532
Charity
2021
2022
2021
£
£
£
-
400,000
-
32,916
11,548
32,916
735,818
2,713,922
735,818
1,084
1,084
1,084
2,092,847
786,729
2,091,583
2,862,665
3,913,283
2,861,401		 Expenses
Profit/(Loss)
£
£
1,360
-
Charity
2021
2022
2021
£
£
£
212,076
230,218
212,075
-
26,643
22,235
1,210
910
1,210
204,677
254,955
180,012
417,963
512,726
415,532
Charity
2021
2022
2021
£
£
£
-
400,000
-
32,916
11,548
32,916
735,818
2,713,922
735,818
1,084
1,084
1,084
2,092,847
786,729
2,091,583
2,862,665
3,913,283
2,861,401
2021
£
212,075
22,235
1,210
180,012
415,532
2021
£
-
32,916
735,818
1,084
2,091,583
2,861,401

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

23 Designated funds - Group and Charity

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
1 April 2020
£
Investment Property Development Fund
250,000
Carbon Reduction Fund
93,000
Redundancy Fund
-
Contingency Fund
-
Buildings Reserve
-
343,000		 Transfers
Balance at
1 April 2021
£
£
40,000
290,000
-
93,000
148,000
148,000
248,000
248,000
30,000
30,000
466,000
809,000		 Transfers
Balance at
31 March 2022
£
£
(70,000)
220,000
(3,000)
90,000
29,000
177,000
-
248,000
-
30,000
(44,000)
765,000		 Transfers
Balance at
31 March 2022
£
£
(70,000)
220,000
(3,000)
90,000
29,000
177,000
-
248,000
-
30,000
(44,000)
765,000
765,000

The Investment Property Development Fund is funds set aside to develop a property with the intention of the property generating further income for the Charity. The fund is expected to be spent within the next twelve to twenty four months.

The Carbon Reduction Fund is funds set aside to enable the Charity to reduce its carbon footprint.

The Redundancy and Contingency Funds are funds set aside in the unlikely event of a significant loss in funding. The funds are not expected to be spent in the foreseeable future.

The Buildings Reserve is funds set aside for unexpected repairs to the buildings. Do to the nature of the fund the funds are not expected to be spent in the foreseeable future.

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

24 Restricted funds - Group

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 Incoming Resources Balance at Incoming Resources Balance at
1 April 2020 resources expended 1 April 2021 resources expended
31		 March 2022
£ £ £ £ £ £ £
Woodroyd 520,442 - - 520,442 - - 520,442
Park Lane 758,401 - - 758,401 - - 758,401
Better Start 22,878 6,187,456 (6,204,470) 5,864 6,804,969 (6,517,690) 293,143
Hub Development - 7,500 (7,500) - - - -
Digital Inclusion - - - - 2,620 (2,620) -
Food bank - 27,511 (27,511) - - - -
Bike Library/ Bike Friendly Business - - - - 1,000 (1,000) -
Business Devleopment Support - - - - 8,000 (8,000) -
Holiday Play Provision - - - - 16,878 (16,878) -
Healthy Lifestyles - 13,690 (13,690) - - - -
Leeds Hospital Charity - - - - 24,888 (24,888) -
Climate Change - - - - 2,000 (2,000) -
Sports Hall capital spend 110,250 10,000 (2,250) 118,000 - (2,250) 115,750
Hub Development - - - - 5,244 (5,244) -
Community Shares Booster Programme 10,000 - (10,000) - - - -
Parkside - - - - 131,000 (131,000) -
Information Collection & Dissemination - - - - 250 (250) -
ROMA Connect - - - - 4,658 (4,658) -
Enterprise Support - - - - 14,886 (14,886) -
Sport England - 8,709 (8,709) - - - -
Household support - - - - 2,359 (2,359) -
Test & Trace Community Engagement - 7,500 (7,500) - 50 (50) -
BCE Investment in Shares - 22,500 (18,750) 3,750 - - 3,750
Cleaner Streets - 2,000 (2,000) - - - -
Log In, Check In, Move Up - 98,000 (95,565) 2,435 6,000 (8,435) -
Arise Yorkshire Limited 351,702 10,357 - 362,059 722 - 362,781

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

24 Restricted funds - Group (Continued) 1,773,673 6,395,223 (6,397,945) 1,770,951 7,025,524 (6,742,208) 2,054,267

Woodroyd and Park Lane relate to funds received from the European Regional Development Fund for work on the buildings. Should these properties be sold before 2023, the monies may be repayable.

Sports Hall Capital spend relates to grants received to improve the sports hall, the expenditure has been included in fixed assets.

Public Health, Well Being Cafe and Cycling Event all relate to funds received from Bradford City Council for the purpose for which they are named.

Better Start relates to funds received from Big Lottery Fund, City of Bradford Metropolitan District Council, Bradford District and City Clinical Commissioning Groups, West Yorkshire Police and Bradford District Care Trust to help parents give their children the best start in life.

Bike Library is funding received from Welcome to Yorkshire to operate a bike library.

The Community Asset Project is funding received from Bradford District and City Clinical Commissioning Groups in relation to research into community health assets.

Community meals relates to funds received to provide meals for the local community.

Diabetes Prevention and Management relate to the provision of one to one support for the prevention and management of diabetes,

Healthy Lifestyles is funding received to raise awareness of lifestyle changes.

Active Travel (WYCA) is funding to promote cycling and walking to people looking for work.

Right Conversation is funding to raise awareness of the alternatives to the Accident and Emergency department.

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

25 Restricted funds - Charity

Balance at
1 April 2020
£
Woodroyd
520,442
Park Lane
758,401
Better Start
22,878
Hub Development
-
Digital Inclusion
-
Food bank
-
Bike Library/ Bike Friendly Business
-
Business Development support
-
Holiday Play Provision
-
Healthy Lifestyles
-
Leeds Hospital Charity
-
Climate Change
-
Sports Hall capital spend
110,250
Community Shares Booster Programme
10,000
Parkside
-
Community Anchor 'Information Collection & Dissemination
-
ROMA Connect
-
Enterprise Support
-
Sport England
-
Household Support
-
Test & Trace Community Engagement
-
BCE Investment in Shares
-
Cleaner Streets
-
Log In, Check In, Move Up
-
1,773,673		 Movement in funds
Incoming
resources
Resources
expended
£
£
-
-
-
-
6,187,456
(6,204,470)
7,500
(7,500)
-
-
27,511
(27,511)
-
-
-
-
-
-
13,690
(13,690)
-
-
-
-
10,000
(2,250)
-
(10,000)
-
-
-
-
-
-
-
-
8,709
(8,709)
-
-
7,500
(7,500)
22,500
(18,750)
2,000
(2,000)
98,000
(95,565)
6,384,866
6,397,945		 Balance at
1 April 2021
£
520,442
758,401
5,864
-
-
-
-
-
-
-
-
-
118,000
-
-
-
-
-
-
-
-
3,750
-
2,435
1,408,892		 Movement in funds
Incoming
resources
Resources
expended
31
£
£
-
-
-
-
6,804,969
(6,517,690)
5,244
(5,244)
2,620
(2,620)
-
-
1,000
(1,000)
8,000
(8,000)
16,878
(16,878)
-
24,888
(24,888)
2,000
(2,000)
-
(2,250)
-
-
131,000
(131,000)
250
(250)
4,658
(4,658)
14,886
(14,886)
-
-
2,359
(2,359)
50
(50)
-
-
-
-
6,000
(8,435)
7,024,802
(6,742,208)		 Balance at
March 2022
£
520,442
758,401
293,143
-
-
-
-
-
-
-
-
-
115,750
-
-
-
-
-
-
-
-
3,750
-
-
1,691,486

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

26 Related party transactions

Remuneration of key management personnel

The remuneration of key management personnel is as follows.

2022 2021
£ £
Aggregate compensation 149,615 130,020

There were no other disclosable related party transactions during the year (2021 - none).

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

27 Funds Funds - Group

Funds
Funds - Group
Movement in funds
Balance at 1 Incoming Resources Transfers Balance at Incoming Resources Transfers Balance at 31
April 2020 resources expended 31 March resources expended March 2022
2021
£ £ £ £ £ £ £ £ £
Restricted funds 1,773,673 6,395,223 (6,397,945) - 1,770,951 7,025,524 (6,742,208) - 2,054,267
Designated funds 343,000 - - 466,000 809,000 - - (44,000) 765,000
Unrestricted funds 4,143,773 926,443 (725,847) (466,000) 3,878,369 1,194,388 (1,239,865) 70,000 3,902,892
6,260,446 7,321,666 (7,123,792) - 6,458,320 8,219,912 (7,982,073) 26,000 6,722,159

Funds - Charity

Movement in funds Movement in funds Movement in funds
Balance at 1 Incoming Resources Transfers Balance at Incoming Resources Transfers Balance at 31
April 2020 resources expended 31 March resources expended March 2022
2021
£ £ £ £ £ £ £ £ £
Restricted funds 1,421,971 6,384,866 (6,397,945) - 1,408,892 7,024,802 (6,742,208) - 1,691,486
Designated funds 343,000 - - 466,000 809,000 - - (44,000) 765,000
Unrestricted funds 4,138,909 926,441 (725,845) (466,000) 3,873,505 1,163,025 (1,208,503) 70,000 3,898,027
5,903,880 7,311,307 (7,123,790) - 6,091,397 8,187,827 7,950,711 26,000 6,354,513

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

28 Analysis of net assets between funds - Group

Unrestricted
funds
Designated
funds
Restricted
funds
2022
2022
2022
£
£
£
Fund balances at 31 March 2022 are represented
by:
Tangible assets
434,680
-
1,394,593
Investment properties
3,351,919
-
-
Investments
-
-
3,750
Programme related assets
-
-
362,781
Current assets/(liabilities)
116,293
765,000
293,143
3,902,892
765,000
2,054,267
Analysis of net assets between funds - Charity
Unrestricted
funds
Designated
funds
Restricted
funds
2022
2022
2022
£
£
£
Tangible assets
434,680
-
1,394,593
Investment properties
3,351,919
-
-
Investments
100
-
3,750
Current assets/(liabilities)
111,328
765,000
293,143
3,898,027
765,000
1,691,486
Total Unrestricted
funds
Designated
funds
Restricted
funds
2022
2021
2021
2021
£
£
£
£
1,829,273
472,455
-
1,386,843
3,351,919
3,243,569
-
-
3,750
-
-
3,750
362,781
-
-
362,059
1,174,436
162,345
809,000
18,299
6,722,159
3,878,369
809,000
1,770,951
Total
Unrestricted
funds
Designated
funds
Restricted
funds
2022
2021
2021
2021
£
£
£
£
1,829,273
472,455
-
1,386,843
3,351,919
3,243,569
-
-
3,850
100
-
3,750
1,169,471
157,381
809,000
18,299
6,354,513
3,873,505
809,000
1,408,892		 Total
2021
£
1,859,298
3,243,569
3,750
362,059
989,644
6,458,320
Total
2021
£
1,859,298
3,243,569
3,850
984,680
6,091,397

29 Analysis of net assets between funds - Charity

DocuSign Envelope ID: 168D4A53-0F95-410F-97F2-AF2721C29840

BRADFORD TRIDENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

30
Analysis of changes in net funds
At 1 April 2021
£
Cash at bank and in hand
3,434,346
Loans falling due within one year
-
3,434,346
31
Cash generated from operations - Group
Surplus for the year
Adjustments for:
Investment income recognised in profit or loss
Gain on disposal of tangible fixed assets
Fair value gains and losses on investment properties
Share of joint venture
Depreciation and impairment of tangible fixed assets
Movements in working capital:
(Increase)/decrease in debtors
Increase in creditors
Cash (absorbed by)/generated from operations
Cash generated from operations - Charity
Surplus for the year
Adjustments for:
Investment income recognised in profit or loss
Gain on disposal of tangible fixed assets
Depreciation and impairment of tangible fixed assets
Movements in working capital:
(Increase)/decrease in debtors
Increase in creditors
Cash (absorbed by)/generated from operations		 Cash flowsAt 31
£
1,027,397
(400,000)
627,397
2022
£
263,839
(678,011)
-
(108,350)
(722)
38,245
(209,777)
652,382
(42,394)
2022
£
13,610
(678,006)
-
38,245
(97,195)
651,882
(71,464)		 March 2022
£
4,461,743
(400,000)
4,061,743
2021
£
197,874
(600,624)
(664)
-
(10,357)
44,640
76,607
893,994
601,470
2021
£
187,517
(600,622)
(664)
44,640
76,703
893,994
601,568