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← Bradford Trident Limited

2024-03-31-accounts

Draft Financial Statements at 03 December 2024 at 15:35:48

BRADFORD TRIDENT LIMITED

(A COMPANY LIMITED BY GUARANTEE)

ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

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

Draft Financial Statements at 03 December 2024 at 15:35:48 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)
Gillian Thornton (Programme Director Better Start Bradford)
Charity number 1107561
Company number 04084653
Auditor Azets Audit Services
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

Draft Financial Statements at 03 December 2024 at 15:35:48 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 - 52

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2024

The Trustees present their annual report and financial statements for the year ended 31 March 2024.

The accounts have been prepared in accordance with the accounting policies set out in note 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 again expanded its activities this period with the commencement of Active Travel Hub, funded by West Yorkshire Combined Authority (WYCA) it provides a healthy and environmentally sustainable option for local residents.

Our projects have once again benefited from the very welcome support of our 363 volunteers who have gifted 3,311 hours of their time. We have sustained our wide range of community services through a testing time of rising costs and lower government investment. This year has again seen improvements in reducing our centres energy demands with the continuation of the implementation of our greenhouse gas emissions reduction strategy.

Our services and activities were accessed by 30,285 local people from conception (Better Start Bradford) to the very young (Nursery) to the fit and active (Sports Centre and Active Travel Hub) 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.

Climate Action

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 were proud to be recognised in 2021 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 equivalent estimated emissions were 138.6tonnes (325tn 2023) using the Normative Business Carbon Calculator provided by the SME Climate Hub. The 138.6tnCO2e is made up from Scope 1: 12.2tnCO2e (9%) (13.7tnCO2e 2023), Scope 2: 68.2tnCO2e (51%)(141tnCO2e 2023), and scope 3: 58.2tnCO2e (40%) (170tnCO2e 2023), emissions. The 55% reduction on the 2022 baseline has been achieved through the milder winter, an increase in % contribution of renewables to the UK Electricity grid, installation of more LED lights and movement sensor switches in communal areas and fewer purchases of electrical equipment. Trident has ratified its Greenhouse Gas emission reduction plan and is implementing enhanced building fabric improvements and low-carbon technologies over the coming 3 years.

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

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

FOR THE YEAR ENDED 31 MARCH 2024

Objectives and activities

Bradford Trident supports the Charity Governance Code and is working towards implementing the seven principals 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:

(a) the relief of financial hardship;

(b) the relief of unemployment;

(c) the advancement of education, training or retraining, particularly among unemployed people, and providing unemployed people with work experience;

(d) the provision of financial assistance, technical assistance or business advice or consultancy in order to provide training and employment opportunities for unemployed people in cases of financial or other charitable need;

(e) the creation of training and employment opportunities by the provision of workspace, buildings, and/or land for use on favourable terms;

(f) the provision or improvement of housing for those who are in conditions of need and the improvement of housing in the public sector or in charitable ownership provided that such power shall not extend to relieving any local authorities or

other bodies of a statutory duty to provide or improve housing;

(g) the maintenance, improvement or provision of public amenities;

(h) the provision of recreational facilities for the public at large or those who by

reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances, have need of such facilities;

(i) the protection or conservation of the environment;

(j) the provision of public health facilities and childcare;

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.

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

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 Coaching service (Build Your Business)
Better Start Bradford programmes
Park Lane Pre-school Nursery
Community Development service
Adversity, Trauma and Resilience Workforce Development
Digital Inclusion support
Bike Library
Improve health
and wellbeing
Health and Wellbeing programmes (CLICS)
Management of Parkside Sports Centre
Better Start Bradford programmes
Park Lane Preschool Nursery
Bike Library
Enhance
our
environment
Better Start Bradford – Better Place programme
Community Development service
Supporting Bradford Trident Community Council
Bike Library
Celebrate
our
community
Community Development service
Supporting Bradford Trident Community Council
Better Start Bradford programmes
Better Place programme

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.

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

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 6.27 19,798 812 (8.5%)
Core functions (inc’ Overheads) 4.00 - 292 (3.1%)
Community Development 0.48 120 34 (0.4%)
Community Council 0.00 - 20 ( 0.2%)
Healthy Lifestyles 1.91 514 128 (1.3%)
Play (activity support) 0.3 236 10 (0.1%)
Parkside Sports Centre 1.71 645 133 (1.4%)
Bike Library + Active Travel Hub 0.90 613 34 ( 0.4%)
Park Lane Preschool 4.16 28 110 ( 1.2%)
Digital Inclusion support 0.20 204 8 ( 0.1%)
Better Start Bradford 24.63 6,914 7,122 (74.7%)
Enterprise Coaching 1.20 143 144 (1.5%)
Better Place 3.26 - 146 (1.5%)
Adversity, Trauma and Resilience Workforce
Development
1.54		 1,070 94 (1.0%)
Parkside Extension - n/a 447 (4.7%)
Total 50.56 30,285 £9,534

*from management accounts

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

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 71 staff (50.56 Full Time Equivalents), 54 (40.29 FTE) are engaged in project/service delivery and 17 (10.27 FTE) are busy with core functions and facilities. In other words 20% of charity energies are involved in running the charity and its assets, 80% is spent on delivering community services.

Volunteering within BD5 is important for several services including the Healthy Lifestyles programme, Better Start Bradford, Community Development, the Bike Library/ Active Travel Hub and Governance (the trustees). Bradford Trident wishes to recognise the tremendous contribution made by its 363 volunteers and their 3,311 hours of volunteered time. Using the UK Living wage (£10.90) as the going rate this equates to £36,090.

Programme (Activity) Nos. of Volunteers Vol’ hours
Better Start Bradford (activity support) 190 661
Community Development (community activism) 94 312
Bike Library / Active Travel Hub 9 518
Digital Inclusion support 0 0
Preschool Nursery 2 450
Enterprise Coaching (BYB) 0 0
Better Place 26 36
Community Buildings 0 0
Parkside Sports Centre 12 405
Healthy Lifestyles 15 854
Play (activity support) 1 8
Trustees (strategic direction) 14 67
Total 363 3,311

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Strategic Report

Achievements and performance

Cost of Living Response

While the cost of fuel bills has stabalised the recent increases are still affecting the cost of living causing food, fuel and data poverty. Essentials for families across our neighbourhood remain prohibitive for many. Trident continue to provide resources to assist:

In the winter 23/24 the effects of the Cost of Living crisis continued to effect local families and the tide of need has sustained. The measurers put in place have assisted many hundreds of households but the demand continues to exceed the available provision.

Trident’s Board of Trustees salutes the adaptability and dedication of its staff team and resilience and comradery of our communities throughout these testing times. The generosity and support of local funders and those that have made resources has been invaluable.

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. Nine years into a ten-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 and now shifting vital services to mainstream statutory funded provision.

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Learning Together

Raising Awareness to Identify, Understand and Respond to Domestic Violence, and Cousin Marriage and Genetic Disorders in Diverse Communities training was delivered to staff and project teams within the Better Start Bradford Programme.

Better Start Bradford were recognised as the Bradford Early Years Industrial Partner for Bradford College. Our Workforce and Ealy Years Specialists were asked to receive a certificate from Bradford College Ambition Hub to recognise their collaborative partnership with Better Start Bradford in supporting the future early years workforce and for providing training and work experience opportunities to their Childcare students.

Nursing and Midwifery Council (NMC) Student Support : this academic year, saw all first-year midwifery students rotate into the programme. In total, this meant we supported 64 midwifery students. This also coincided with supporting over 2000 hours of pre reg nursing student placement experience.

Live Learning sessions ran from 8th November – 29th November and covered the following topics over a six-week period:

In total 42 people attended with a good representation of students from the University of Bradford studying courses such as Child Nursing and Midwifery as well as professionals new to the workforce in the district.

Design and delivery of Early Years Student Workshop ‘Engaging with Early Years; Play and Communication: was delivered to all Level 3, Year 1 and 2 Early Years and Education students at Bradford New College. The workshop provided theoretical and practical learning opportunities with techniques and practical ideas for play and confident communication from an Early Years perspective.

The evaluation was very positive and continues to reflect delivery progress to date:

“I just wanted to say a huge thank you for yesterday. All our students had a great time - feedback this morning was so positive, and the workshop has generated lots of new ideas!” Programme Lead.

Evaluation Scores:

  1. The workshop enhanced my knowledge of the subject matter: 92%.

  2. The workshop was relevant to my course and placements: 96%.

  3. I would recommend this workshop to others: 92%.

  4. 7 -

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

- Baby Week Bradford 2023 Bradford Babies, Healthy Babies: Ready, Steady, Grow!

We had our 6th successful Baby Week Bradford from November 14-20 November 2023. Highlights included events that were held by partners across the whole district for babies and their families including woodland walks, story and rhyme time sessions and starting solids workshops. Over 160 people attended the workforce event hosted by Dr Amir Khan, and over 300 families joined us at Odsal for the family event with special guest CBeebies presenter George Webster. BBC Look North filmed the event and it aired on the evening news. We got Bradford WIGGLING to our very own song and dance for this year’s Baby Week the ‘Baby Week Wiggle’, George Webster’s video of the baby week wiggle reached over 10,000 views. In addition, in partnership with the Family Hubs we brought Baby Week Bradford and the Start for Life offer to families across the district at four events.

Better Start Bradford have continued to support the Baby Week Charity to promote and encourage a national Baby Week offer. Better Start Bradford’s Baby Week journey and learning was showcased at a national learning event, following this, 9 local authority sites joined the Baby Week movement in 2023, a further 2 (Buckinghamshire and North Yorks) have approached BSB in 2024. We continue to contribute and shape the direction of Baby Week during the national stakeholder meetings and are developing plans locally with public health to ensure the sustainability of Baby Week within the Bradford district post 2025.

Family and Community Engagement

The Community Engagement team had a stall at Bradford Foundation Trust on Friday 31st March 2023 to promote our projects to refugee and asylum seekers. 120 Families attended. Food packs were given to all refugee families attending as well as Better Start information packs. An Eid Party was held at Mayfield Centre, 70 families attended and there were lots of activities for them to participate in. Partner organisations such as Bradford Council, HENRY, BIBBS, Bradford Doula’s, the Perinatal Support Service, Cecil Arts and Living Well ran great activities for the children.

Better Start Bradford sponsored the early years element of the Bradford Literature Festival and attended the events to promote key messages and opportunities to get involved in projects and events. Better Start Bradford organised two Better Together community events (Beech Grove Park on 10th August & Seymour Park on 17th August) in partnership with Urban Saints, Bradford Council, West Yorkshire Police and Near Neighbours. Both events attracted over 150 families and consisted of a variety of activities and information stalls. It was used as a platform to promote Baby Week and other BSB projects with local families and stakeholders.

Baby Wellbeing Event at Airedale Shopping Centre (Keighley) on 21st September was organised with Airedale GP networks. The baby and wellbeing event was focused on health and increasing uptake of childhood immunisations. We engaged with a lot of families and received a great deal of interest regarding Baby Week

Autumn Festive Fun event for families at the Thornbury Centre in partnership with Inspired Neighbourhoods (INCIC). We had over 50 children who attended and engaged in the interactive sessions delivered by numerous organisations such as 50 things to do before you are 5, Family Action and Henry. The FACE Team and our Early Years Facilitator delivered an interactive session on low-cost play. Throughout the event, we promoted Baby week by handing out leaflets and enrolled families on to our WhatsApp group by using the QR code.

There was a puppet show as the main attraction which families gave great feedback around. We provided food and healthy food snack bags for all the children who attended.

Stay & Learn Training: Messy Play was delivered by The FACE Team supported our Early Years Facilitator alongside other interactive activities. The event was attended by many parents including childminders, looking for inspiration and new ideas and activities to keep children engaged.

BiBBS reached their target and recruited 5000 women to their Bibbs study. They acknowledged the help and support of Better Start Bradford and everyone who made this possible.

The Neighbourhood Project contract ended on 31st March. We organised a small event to highlight and acknowledge all the fantastic work they have done over the years and the impact this has had, especially around engagement of underrepresented groups.

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

BSB Sustainability and Legacy

The programme continues to embed services into the local system and plan ahead for sustainability and legacy. We believe that the long-term sustainability of our programme objectives rests substantially with the community, providing the parent and child voice to the planning and delivery of services as well as transforming local places. They do this:

Therefore, our strategic approach has been to establish that shared understanding and ownership through a wideranging programme of engagement activities and learning and networking opportunities.

Children and Young People’s Mental Health Leadership and Programme Group

Better Start Bradford were invited to join this group to support the system development work in this area. Infant mental health is a key tenet of the overall Children and Young People’s (CYP) mental health strategy but there is a role to play in securing sufficient investment going forward. We are working closely with the Deputy Director of Integration and Transformation at the Bradford District Care NHS Foundation Trust in trying to ensure that the Little Minds Matter project forms part of the Children’s Mental Health Services in the future.

City of Culture 2025

Better Start Bradford are working with Bradford Council and the City of Culture team to explore how the City of Culture and wider Bradford cultural content will be relevant to communities and individuals who feel marginalised. The City of Culture team are recruiting Connectors who will be working closely with us and will be attending the Baby Week Steering Group meetings.

Education Alliance for Life Chances (EALC)

The EALC are developing plans to build on their Act Locally work to link it into academies. They have submitted a significant bid to the NLCF UK Fund and are through to the next round. We will be supporting this bid with a view to identifying where some of our programme legacy work may align – particularly our strong record of parent involvement and coproduction .

Reset day for Healthy Children and Families Board

Better Start Bradford continue to be represented at this board. This network provides an opportunity to influence the districts thinking and feed in the programmes key messages and learning in relation to prevention and early intervention. The reset day focused on the operating and governance structure for the board and priority setting for each of the four pillars (Best 1001 Days, Prevention & Early Help, Pathways, Complex Care) Following the reset day, they will be changing the governance structure of the Board. Better Start Bradford was credited for the contribution and opportunity it specifically offers the Prevention and Early Help pillar of work.

Talking Bradford

Our Early Years Specialist and our Maternal and Child Health Development Lead presented their research poster about developing the new Talking Bradford pathway at the prestigious Institute of Health Visitor’s annual conference. See it here: Research Poster - Talking Bradford

To summarise we have had a successful 2023-’24 and we look forward to delivering the final phase of the programme in 2024-’25.

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Community Buildings Management

The three Neighbourhood Centres carried very good and improved occupancy rates (97.2% combined) and sustained excellent retained tenant business. We encouraged our not-for-profit tenants to talk to their Funders and find out how they will support their services through the Cost of Living crisis.

A threefold strategy continues to control our costs;

Assessment, Repair and Preventive measures have extended the service life of our buildings and their components.

Maintaining competition between contractors, service providers and suppliers; seeking periodic quotes helps to obtain the most competitive price based on agreed standards and specification.

Strategic assessment and implementation of appropriate technologies to improve long-term functionality and efficiency of the buildings.

Trident has started moving to replace its heat and hot water heating needs from fossil fuels (gas boilers) towards low-carbon technologies (heat-pumps); we have installed Air Source Heat Pumps at Parkside Sports Centre with an installation planned for Park Lane Centre in the new year. We are closely monitoring Parkside to learn lessons for our other buildings and to optimise efficient use of the new technology. If successful, we aim to carry out the process at the other sites to further reduce our carbon emissions and costs. 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 generated a combined annual yield of 69.1MWh for the period. Moving to solar has already given us some protection from energy price increases and started lowering our carbon emissions at each of the sites.

The Mayfield Centre is well established and has now been open for over 17 years. It has 97.8% average occupancy rate and is mainly home to our community organisation tenants. Also the local community use the centre for a range of activities. 13,653 people attended functions at the Mayfield hall and meeting rooms events.

The Park Lane Centre is also working well with 90% average occupancy rate. Being the base for the Community Enterprise Coaches 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. 6,145 people attended functions at the Park Lane hall and meeting rooms events.

The Woodroyd Centre as a key medical site delivering its services to the local community with NHS staff delivering GP telephone consultations, Community health outreach and food hub on-site. The Woodroyd Centre had 96% average occupancy. 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.

A rear extension at the Parkside Sports Centre has provided the sports hall with a large easy access equipment store. The sports centre has also benefited from installations of 56 kWpeak solar array, LED lights throughout, Air Source Heat Pump and battery facilities and upgraded digital connectivity. The improvements will make the centre cheaper and easier to operate and combined with promotions to encourage more women and girls and mixed-ability athletes to enjoy the centre.

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 people in the area.

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Parkside Sports Centre

Parkside continues to develop as a diverse community hub offering a diverse range of physical activities and sports as well as a range of community services and training opportunities. It remains very well-used by the local community throughout every week. The centre is particularly pleased to host daily exercise sessions for women’s and girl’s every week. The period has seen a eight new groups using the Sports hall on a regular weekly basis, including a visually impaired indoor Cricket and Goal Ball teams. Parkside hosted this year’s Yorkshire Goal ball tournament, which was huge success. The ladies winter Cricket league continues to run from Parkside Sports centre for the 4-year running and local women continue to be supported with exercise sessions and group sustainability support from Trident. The centre also continues to support and work with local young sports coaches and enables them to deliver sports sessions for children throughout the year including the school holidays.

Parkside continues to offer training courses, and hopes to build on this from September 2024. New courses this year includes: Health and Social care level 3 course, with Pathway training and the Job centre’s pathways to employment.

Groups and sessions at Parkside Sports Centre.


Agent
Session
Yorkshire Cricket Foundation Women’s Cricket everyMondays
New Horizons Cookingclass everyMondayin the Café
Job Centre Advice and helpwith Job,CV writingand benefits
Women’s summer Netball League EverySundayMay- August
New Badminton session EveryWednesdays 5-7pm
Dragon’sjuniors Basketball team Weeklysessions with 30juniorplayers
Indoor Cricket Visuallyimpaired team
Goal Ball Regular sessions byvisuallyimpaired Yorkshire
Bicycle library EveryThursday10am – 3pm
Bradford Trident HAFS sessions for 20 children over 1 week Christmas, 1
week Easter and 4 weeks summer.
Youth Service Sessions on Tuesdayevenings for 20girls
Literacy Trust American bus,readingsessions andgave free books.
Yorkshire Cricket Foundation - women Women cricket league over the winter months, 100+ women
played in the competition.
New Horizons Working with Special needs Clients using the upstairs space
10am till 3pm Mon-Fri and 12pm-3pm Saturdays and
Sundays
Women’s multi-sports Local women run Exercise sessions on Mondays/Thursdays
for 20-25 women weekly
West Bowling Youth Initiative Children Cricket sessions over the winter months 30+
children attended.
Arabic School Arabic School Mon – Fri 50 children attendingeach day
NAFS Women’s Exercise sessions for up to 20 women on Tuesday
and Wednesday.
Driving Theory Test lessons TheoryTest learningsession on Fridayfor upto 10 women
Reed wellbeing Multiple Diabetes prevention Courses with 15-20 people
attendingeach session.
Pathway training Health and social care course with up to 15 participants
everyweek for 20 weeks.
Charity events Badminton,football tournaments,food and clothingstalls

Parkside remains a local venue for delivery of the Holiday Activities and Food programme for throughout August and Christmas week for 20 children daily for 4 weeks. Provision includes: Arts and Craft, age-appropriate education work sheets and food ingredients, for families to cook together at home and enjoy family meals together. The centre has also supported local families through working with local partner organisations such as Bradford Community Kitchen, Just Care and Bradford Community Advocacy and Debt Service, with support extending to more than 40 families over each of the Easter, Summer and Christmas holidays.

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Parkside Sports Centre Extension

This year was the completion of the building refresh and retrofit. The centre now boast a good sized equipment store in the rear extension to the main sports hall. Retrofit measurers have included a sizable photovoltaic array, battery storage, LED lighting throughout, new infrared heat lamps in the sports hall and air source heat pumps heating for the rest of the building and water. The Board would once again like to recognise and thank our generous supporters that have made the improvements possible lead by Garfield Weston Foundation and The Clothworkers Foundation and including ECB, Sports England, Power to Change – Business Development Fund, NHS Disability Fund, Sovereign Health Care Charitable Foundation, and Social Investment Bank.

New equipment has been installed in the sport hall thanks to support from Skipton Building Society Foundation, Warburtons Family Matters and the Dream Big Trust.

Better Place

Better Place has delivered 250 family sessions over the year including a wide variety of activities: forest school, cycling, planting, nature crafts, outdoor storytelling, lantern making, wood working, tool use and messy play. 2,584 babies and toddlers have attended and engaged with Better Place sessions. We also delivered 4 large events: two pop-up farms at Horton Park and Myra Shay, a summer lantern parade at Horton Park and a winter lantern parade at Peel Park. Collectively we had 2,170 people attend and take part in the community events across the sites.

We arranged 3 trips over the year visiting Malham Cove, Ingleborough Caves and an exclusive dad and tots’ trip to Ilkley and many more to come! All the families who had attended stated never visiting the sites prior to the trip with us.

A sculpture map for families with young children to explore Better Place sites, was developed to introduce families to the range of sites offered and link them to the websites for further information.

In February, Better Place held a Wellbeing session for expectant/new parents at the Mayfield Centre. The event, which was well attended, focused on self-care, wellbeing and providing supportive information. There was a range of activities on the day including shoulder massage, Henna application, fruit tree grafting, creating your own smoothie and an opportunity to snack around the fire pit.

The project also supported 10 local organisations to apply for up to £500 each via the Better Place Outdoor Project fund, delivering exciting sessions: gardening, forest bathing, forest school, dance, outdoor play, messy play, delivered across the Better Place sites: St Vincent, Shine, Bowling Park, Horton Park, Bradford Moor Park, Peel Park, West Bowling Centre. The sessions were very well attended, both providers and attendees thoroughly enjoyed the activities, and it has encouraged organisations to take their delivery outdoors. It also gave many families a firsttime experience in an activity they may not have been able to access before, such as dance and forest bathing.

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Last winter due to the cost-of-living crisis the project supported families and encouraged further outdoor play by providing free, high quality weather appropriate clothing. We supported 200 disadvantaged families with providing waterproof clothing, socks, gloves and hats.

Better Place aims to keep providing high quality sessions for families to connect with nature, have a love for outdoors from a young age, try new activities and feel safe at Better Place sites which leads to looking after their local parks and greenspaces.

Park Lane Pre-School Nursery

As a single room nursery with outdoor play space based at Park Lane Centre in the heart of Little Horton, we have space for 32 children but had 26 attending this year.

We provide bespoke curriculum tasks for each child which focused on developing key skills and encouraging independence, social skills and communication, motivation, sensory adaptations, and engagement. We are also incorporating specialist advice from the Access and Inclusion Officer. During the year we had a child with moderate hearing loss who was visited by health professionals on a weekly basis and receive funding for this child to cover one-one additional support and four children with Special Educational Needs and staff worked with the families to support with their children’s all-round development. Communication and language remain an increasing concern for most of our children and our staff are working very hard in providing 1:1 support through a range of activities and supporting parents with learning at home. We received additional Early Years Inclusion Funding (EYIF) for children that had significant delay in cognition and learning, communication, interaction, social, emotional, mental health, and sensory and physical skills. We provided individual support plans for each of the children using intensive interaction through a range of focussed activities linked to their interests.

The nursery is a member of the Early Years Alliance who provide training for all our staff and volunteers, giving them access to 20 free training programmes which is part of their CPD. Staff have completed the Early Years Professional Development Programme (EYPDP), delivered by the Education Development Trust. The objective of the EYPDP was to help to support children who have been most affected by COVID-19. The programme covered communication and language, maths, and personal, social, and emotional development. Other staff attended online behaviour courses and face to face training gaining knowledge and understanding in identifying children with SEND.

Volunteers, Students, and Support Assistants are greatly valued in the nursery and play an important role in interacting with children. We appreciate their help, and they make a huge difference as they provide resource to enable more work with some of the children on a 1:1 basis.

Playgroup was held every Tuesday morning during term time where we provide playgroup sessions for the community. This is working well for parents, babies and toddlers as they enjoy a wide range of activities in the hall. Learning Alliance and other services have visited including, Born in Bradford, Bradford Under Five’s and Family Action. The nursery visited pop-up farm with our parents at Horton Park during summer term organised by Better Place where families enjoyed petting rabbits, chickens, ducks, goat, and sheep. At Christmas we received presents from Radio Magic for all our children. Thank you Radio Magic.

In July 2023 we had a leaving party for 6 children moving to reception class, and 7 children going to mainstream nursery they had their graduation photos taken and certificates were presented to them, the day was rounded off with a visit to Bradford City Park for a ‘get together’ in the summer heat.

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

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:

Bike Library and Active Travel Hub

Weekly bicycle repairs and mechanical workshops were conducted through the BATH with a dedicated team of volunteers. Advice and courses on cycling safely on the roads through courses like Bikeability Levels 0.5, 1, 2 and 3. Teaching adults and children cycle repairs thereby instilling confidence in riding further than traditional short local journeys. The project increased the reach of work by working with partners including: Experience Community, Centre Point, MAPA, Healthy Life Cycles, Capital of Cycling, Margaret Cairey Foundation, Bradford Council and local schools and colleges.

This work has positively impacted Active Travel and contributed to the betterment of the air quality in the area whilst improving health. Through funding from West Yorkshire Combined Authority (WYCA) and CyclingUK BATH has:

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Digital Inclusion

Through extensive work with partners the project has continued its work on digital inclusion with support from Good Things Foundation, including:

Through our networks, the project continually explores ways in which to support those most digitally marginalised with data, learning and devices.

Healthy Lifestyles Project and Central Locality Integrated Care Service (CLICS)

The Healthy Lifestyles Project delivers:

CLICS has support the establishment of 12 new groups through the small grants programme and support package including:

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

CLICS Community development outreach engaged with over 246 individuals , signposting them to various groups in the community. A directory of local health assets (kumu software based) has over 224 organisations and services and is accessible via the Bradford Trident Website .

CLICS volunteering has support 12 volunteers involved in establishing the range of activities above. Jointly they contributed over 854 hours of their time to the projects. Each volunteer benefited form training including: Royal Society Public Health level 1, Making every Contact Count, Mental Health First Aid and various online courses such as Safeguarding.

Five of the groups above have survived beyond their initial funding period and are actively being supported to secure additional financial resource to continue their great community work.

Community Play Partnership development

Weekly free play sessions from the Play-pod were established in April 2023 at Parkside Park, with 220 children attending throughout the year. Play Forum meetings have support co-ordination of play related activities and initiatives in the area.

Enterprise Support

The programme provides personalised enterprise coaching to aspiring local entrepreneurs, and coaches them past the common pit falls help them research, consider, plan and implement new business activities in the area, generating economic activity, employment and considerable personal fulfilment. The programme has targeted engagement strategies which have been crucial in developing a robust pipeline of clients. This tailored guidance helps individuals either launch their businesses or secure employment opportunities.

Dedication to community outreach and strategic partnerships working has built trust with community agents and has significantly amplified the project's impact, with active partnership working at University of Bradford, City Library, Park Lane Centre and MAPA Bradford.

The 'Build Your Business' branded work has organised three community engagement events, each well-received by the community, with over 200 attendees, The events have provided significant opportunities for participants to network, exchange experiences, and learn from each other, as well as explore the opportunities business creation offers. The programme was present at:

Enterprise coaching in numbers:

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Resilient Bradford –Trauma Informed Practice workforce training

The workforce training project has made significant progress in delivering training on adversities, trauma, and resilience to statutory and volunteer and community sector professionals from across the Bradford District. Tier 1 training focuses on helping professionals become trauma-informed and equips them with the knowledge and skills to understand and address the impacts of trauma.

Tier 2 training, focuses on becoming trauma-responsive and goes a step further by encouraging organisations to implement changes in policies and services that reflect trauma-awareness. This aspect of the program has also been very well-received.

The feedback from both tiers has been overwhelmingly positive. Participants report a 37% average increase in their knowledge of adversities, trauma, and resilience after attending the sessions.

The project’s goals remain to educate and support professionals across Bradford workforce in building traumainformed and trauma-responsive services, and actively research new opportunities and approaches to further strengthen this initiative and thereby break the chain of trauma and adversity that can be perpetuated from generation to generation in our sometimes-troubled communities.

Community (Urban Parish) Council

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

Bradford Trident Property Investment Portfolio

Trident’s investment properties continue to perform well. All properties remined fully let throughout the year. 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.

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 note 19 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.

Trident Parkside Trading Limited - wholly owned subsidiary

In 2022 the charity set up a wholly owned trading subsidiary Trident Parkside Trading Limited (TPT) to manage the Parkside Sports Centre, however as the substantive front extension failed to secure its full funding package it did not go ahead. As a result the need for TPT did not materialise and it was agreed to close the trading company down as it had never traded.

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

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 out the 16 restored houses, having sold four in previous years, and one in this period and distributing gains equally to the joint venture members.

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 £7,421,921 (£6,364,349 in 2023) of Total Net Assets held by the charity group at the end of the reporting period. Of these £5,551,327 are fixed assets and a further £966,612 are restricted funds. The unrestricted reserve policy target is £457,000 made up of:

Plus designated fund of:

The remaining free reserves 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 three 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.

External funds

The Board of trustees are grateful for the contributions amounting to £8,541,557 in the financial year 2023/24. External funds are pursued to supplement community service delivery costs.

As of 31 March 2024, a balance of £962,863 of restricted National Lottery Fund monies for the Better Start Bradford programme was held. The period saw the Better Start Bradford enter year eight 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.

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

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

FOR THE YEAR ENDED 31 MARCH 2024

External Funding bodies 2023/2024 £
Better Start Bradford External Funds
National Lottery Fund Grant – Fulfilling Lives: A Better Start 5,160,000
National Lottery Fund Grant – Fulfilling Lives: A Better Start Capital 272,308
Bradford District Care Foundation Trust – BSB match 40,829
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 ICB – BSB match 225,426
Start for Life 2,001,178
BSB Sub Total 7,948,311
Grand Total 7,948,311

Risk

The trustees actively review the major risks that the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions.

The trustees have also examined other operational and business risks that the charity faces and confirmed the establishment of systems to mitigate these, should they occur.

Risks relating to failures in safeguard children are mitigated through all staff receiving safeguarding training, clear delegation of roles and responsibilities and implementation of safeguarding policy and practices.

The risk of the impact of the departure of key staff is mitigated through creating a strong working culture and environment as well as succession planning and engaging all staff in the vision, strategy and plans.

Our budget and regularly reviewed financial plans as well as reserves ensure we don’t have inadequate funding and strict policies and controls help reduce the risk of any financial fraud or mismanagement in our projects and operations.

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.

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Plans for Future Periods,

All our services have felt the knock on effects of our community struggling with the cost of living crisis. Valued volunteers have been lost as they have had to seek additional employment, demands on the Family support service have steadily risen, the community has switched to survival mode and tensions have risen particularly amongst our youth.

Internally the last year has seen Trident focus on measurers to reduce energy demand and increase use of lowcarbon technologies. Our Green House Gas emission reduction plan has been ratified and building specific plans are being implemented, such as installing Air Sourced Heat Pumps, PV array and battery system at Parkside. Across the estate we are replacing aging lights with LED lights, monitoring and adapting our building management practices. The coming year will see improvements at Mayfield (enhanced PV and battery system)and Park Lane Air source heat pumps. It remains the Board’s intension to roll out similar technology across the Trident estate linked with building materials improvements to improve insultation and air tightness.

2024/25 will see work to build on established partnerships for further commissions of work from Bradford Council, Bradford District and Craven Health and Care Partnership and West Yorkshire Combined Authority.:

Our commitment to the local Community (Health) Partnership, Horton and City Health Collaboration will continue alongside with new partners at Millside and the Millan Centre as well as across the local VCS and with GP practices, Hospital services, the Care Trust, Social Services and Local Area Officers. Much has been accomplished to date but much more remains to be done to impact the determinates to health at play in the area.

The coming year will see:

Significant challenges remain in the BD5 area including: health inequalities, high infant mortality, below average 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.

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

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 4.75 times that of the least paid employee. There are three 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 biannual 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 District and Craven Health and Care Partnership), Research Director (Born in Bradford) and Funding and Relationship Manager (National Lottery Fund).

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

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

FOR THE YEAR ENDED 31 MARCH 2024

Auditor

During the year Azets Audit Services Limited, trading as Azets Audit Services were appointed as auditors following their acquisition of Naylor Wintersgill.Limited, on 1 May 2023.

In accordance with the company's articles, a resolution proposing that Azets Audit Services 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: 11 December 2024

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

STATEMENT OF TRUSTEES RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2024

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.

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS 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 2024 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).

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.

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS 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.

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.

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

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

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

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 Azets Audit Services

11 December 2024

Chartered Accountants Statutory Auditor

Carlton House Grammar School Street Bradford BD1 4NS

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income and endowments from:
Donations and legacies
3
100,095
8,441,462
Charitable activities
4
356,158
152,963
Share of joint venture
4
(12,820)
-
Investments
5
857,969
59,252
Other income
6
27,009
-
Total income
1,328,411
8,653,677
Expenditure on:
Raising funds
7
256,383
-
Charitable activities
8
1,241,810
7,426,324
Total resources
expended
1,498,193
7,426,324
Net gains/(losses) on
investments
10
-
-
Net (outgoing)/
incoming resources
before transfers
(169,782)
1,227,353
Gross transfers between
funds
1,720,433
(1,720,433)
Net income/(expenditure) for
the year/
Net movement in funds
1,550,651
(493,080)
Fund balances at 1 April
2023
4,904,658
1,459,692
Fund balances at 31
March 2024
6,455,309
966,612		 Total Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
8,541,557
98,280
7,273,198
509,121
404,611
95,075
(12,820)
-
(136,786)
917,221
903,810
18,219
27,009
24,735
-
9,982,088
1,431,436
7,249,706
256,383
233,935
-
8,668,134
1,186,911
7,618,285
8,924,517
1,420,846
7,618,285
-
180
-
1,057,571
10,770
(368,579)
-
225,995
(225,995)
1,057,571
236,765
(594,574)
6,364,350
4,667,892
2,054,266
7,421,921
4,904,657
1,459,692		 Total
2023
£
7,371,478
499,686
(136,786)
922,029
24,735
8,681,142
233,935
8,805,196
9,039,131
180
(357,809)
-
(357,809)
6,722,158
6,364,349

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.

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

GROUP BALANCE SHEET

AS AT 31 MARCH 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 14 2,195,833 1,789,795
Investment properties 15 3,138,568 3,138,569
Investments 17 3,751 3,750
Programme related investments 16 213,175 225,995
5,551,327 5,158,109
Current assets
Debtors 20 610,600 768,718
Cash at bank and in hand 3,221,591 3,279,220
3,832,191 4,047,938
Creditors: amounts falling due within 21
one year (1,961,597) (2,841,698)
Net current assets 1,870,594 1,206,240
Total assets less current liabilities 7,421,921 6,364,349
Income funds
Restricted funds 23 966,612 1,459,692
Unrestricted funds
Designated funds 22 2,180,843 800,000
General unrestricted funds 4,274,466 4,104,657
6,455,309 4,904,657
26 7,421,921 6,364,349

The accounts were approved by the Trustees on 11 December 2024

Cllr Taj Salam - Chair

Trustee

Company Registration No. 04084653

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

CHARITY BALANCE SHEET

AS AT 31 MARCH 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 14 2,195,833 1,789,795
Investment properties 15 3,138,568 3,138,569
Investments 18 3,850 3,850
5,338,251 4,932,214
Current assets
Debtors 20 637,835 795,462
Cash at bank and in hand 3,188,080 3,246,247
3,825,915 4,041,709
Creditors: amounts falling due within 21
one year (1,960,284) (2,840,433)
Net current assets 1,865,631 1,201,276
Total assets less current liabilities 7,203,882 6,133,490
Income funds
Restricted funds 24 966,613 1,459,692
Unrestricted funds
Designated funds 22 2,180,843 800,000
General unrestricted funds 4,056,426 3,873,798
6,237,269 4,673,798
26 7,203,882 6,133,490

The accounts were approved by the Trustees on 11 December 2024

Cllr Taj Salam - Chair Trustee

Company Registration No. 04084653

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024

Notes
Cash flows from operating activities
Cash absorbed by operations
30
Investing activities
Purchase of tangible fixed assets
Proceeds on disposal of tangible fixed
assets
Proceeds on disposal of investment
property
Investment income received
Net cash generated from investing
activities
Financing activities
Repayment of bank loans
Net cash used in financing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2024
£
£
(530,428)
(444,422)
-
-
917,221
472,799
-
-
(57,629)
3,279,220
3,221,591		 2023
£
£
(1,918,082)
-
180
213,350
922,029
1,135,559
(400,000)
(400,000)
(1,182,523)
4,461,743
3,279,220

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

CHARITY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024

Notes
Cash flows from operating activities
Cash absorbed by operations
30
Investing activities
Purchase of tangible fixed assets
Proceeds on disposal of investment
property
Investment income recieved
Net cash generated from investing
activities
Financing activities
Repayment of bank loans
Net cash used in financing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2024
£
£
(530,341)
(444,422)
-
916,595
472,173
-
-
(58,168)
3,246,248
3,188,080		 2023
£
£
(1,917,980)
-
213,530
921,827
1,135,357
(400,000)
(400,000)
(1,182,623)
4,428,871
3,246,248

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

CHARITY STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

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.

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

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.

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

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.

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

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.

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

3 Donations and legacies

Donations and legacies
Unrestricted Restricted
funds
funds
2024
2024
£
£
Donations and gifts
531
-
Grants
99,564
8,441,462
100,095
8,441,462
Grants receivable for core activities
Betterstart - The National Lottery
Community Fund
-
7,948,311
Bradford Council - Preschool
Funding
99,564
-
NHS Charities Together - Leeds
Hospital Charity
-
-
Holiday Activities & Food (HAFS)
-
9,348
National Lottery Community Fund
- Play Bradford
-
5,664
HM Government
-
-
Warm Space Grant - Bradford
Council
-
-
Jubliee Grant
-
-
Diabetes awareness
-
-
Parkside Power to Change
-
386,538
Active Travel Hub
-
4,354
Power to Change - Mayfield
Insulation
-
-
Family Crisis
-
61,839
Cash for Kids - Cost of Living
-
2,500
Reboot Grant - Health
-
13,357
LSCG - Grant Community
Lunches
-
9,551
-
-
99,564
8,441,462		 TotalUnrestricted Restricted
funds
funds
2024
2023
2023
£
£
£
531
121
-
8,541,026
98,159
7,273,198
8,541,557
98,280
7,273,198
7,948,311
-
6,983,743
99,564
89,241
-
-
24,888
9,348
-
13,665
5,664
-
10,908
-
-
-
-
1,000
-
-
411
-
-
7,507
-
386,538
-
180,000
4,354
-
49,994
-
-
10,000
61,839
-
-
2,500
-
-
13,357
-
-
9,551
-
-
-
-
-
8,541,026
98,159
7,273,198		 Total
2023
£
121
7,371,357
7,371,478
6,983,743
89,241
24,888
13,665
10,908
-
1,000
411
7,507
180,000
49,994
10,000
-
-
-
-
-
7,371,357

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

4 Charitable activities

Charitable Share of joint Total Total Charitable Share of joint Share of joint Total
activities venture 2024 activities venture 2023
2024 2024 2023 2023
£ £ £ £ £ £
Sales within charitable
activities 82,850 - 82,850 85,149 - 85,149
Performance related
grants 426,271 - 426,271 414,537 - 414,537
Movement in value of joint
venture (see note 16) - (12,820) (12,820) - (136,786) (136,786)
509,121 (12,820) 496,301 499,686 (136,786) 362,900
Analysis by fund
Unrestricted funds 356,158 (12,820) 343,338 404,611 - 404,611
Restricted funds 152,963 - 152,963 95,075 (136,786) (41,711)
509,121 (12,820) 496,301 499,686 (136,786) 362,900
Performance related grants
Resilient Bradford 98,830 - 98,830 124,259 - 124,259
Good things Foundation - - - 2,040 - 2,040
BMDC Build Your Business 163,278 - 163,278 189,963 - 189,963
Good Things Foundation -
HMRC Grant 8,200 - 8,200 3,200 - 3,200
Better Place 152,963 - 152,963 95,075 - 95,075
Health Messaging - Living Well
Workplace 3,000 - 3,000 - - -
426,271 - 426,271 414,537 - 414,537
Investments
Unrestricted
Restricted		 **Total ** Unrestricted
funds funds funds
2024 2024 2024 2023
£ £ £ £
Rental income 833,164 - 833,164 837,277
Distribution from joint venture investments 12,888 - 12,888 59,254
Interest receivable 11,917 59,252 71,169 25,498
857,969 59,252 917,221 922,029

5 Investments

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

6
7
8		 Other income
Unrestricted Unrestricted
funds
funds
2024
2023
£
£
Sundry income
27,009
24,735
Raising funds
2024
2023
£
£
Fundraising and publicity
Agency cover
34,290
27,704
Staff costs
222,093
206,231
Fundraising and publicity
256,383
233,935
256,383
233,935
Charitable activities
2024
2023
£
£
Staff costs
1,399,245
1,327,222
Project costs
6,387,972
6,709,409
7,787,217
8,036,631
Share of support costs (see note 9)
854,293
742,506
Share of governance costs (see note 9)
26,624
26,059
8,668,134
8,805,196
Analysis by fund
Unrestricted funds
1,241,810
1,186,911
Restricted funds
7,426,324
7,618,285
8,668,134
8,805,196		 Other income
Unrestricted Unrestricted
funds
funds
2024
2023
£
£
Sundry income
27,009
24,735
Raising funds
2024
2023
£
£
Fundraising and publicity
Agency cover
34,290
27,704
Staff costs
222,093
206,231
Fundraising and publicity
256,383
233,935
256,383
233,935
Charitable activities
2024
2023
£
£
Staff costs
1,399,245
1,327,222
Project costs
6,387,972
6,709,409
7,787,217
8,036,631
Share of support costs (see note 9)
854,293
742,506
Share of governance costs (see note 9)
26,624
26,059
8,668,134
8,805,196
Analysis by fund
Unrestricted funds
1,241,810
1,186,911
Restricted funds
7,426,324
7,618,285
8,668,134
8,805,196
2023
£
27,704
206,231
233,935
233,935
2023
£
1,327,222
6,709,409
8,036,631
742,506
26,059
8,805,196
1,186,911
7,618,285
8,805,196

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

9
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
Sundry expenses
Analysed between
Charitable activities		 Support
costs
Governance
costs
£
£
-
15,680
1,836
-
93,825
-
565,885
-
151,353
-
6,317
-
3,939
-
12,661
-
205
-
17,301
971
-
-
9,799
-
994
-
151
854,293
26,624
854,293
26,624		 2024
£
15,680
1,836
93,825
565,885
151,353
6,317
3,939
12,661
205
12,625
971
9,799
994
151
880,917
880,917		 Support
costs
Governance
costs
£
£
-
15,680
7,173
-
62,323
-
507,596
-
103,106
-
9,747
-
19,544
-
16,919
-
264
-
13,427
-
5,278
-
-
9,750
-
504
-
125
742,506
26,059
742,506
26,059		 2023
£
15,680
7,173
62,323
507,596
103,106
9,747
19,544
16,919
264
13,427
5,278
9,750
504
125
768,565
768,565

Governance costs includes payments to the auditors of £9,799 (2023- £9,250) for audit fees.

10 Net gains/(losses) on investments

2024 2023
£ £
Revaluation of investment properties - 180

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.

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

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		 2024
Number
55
18
73
2024
£
1,517,292
71,926
47,800
1,637,018		 2023
Number
56
14
70
2023
£
1,422,524
76,786
49,823
1,549,133

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

2024 2023
Number Number
£60,001 - £70,000 2 2

Contributions totalling £9,785 (2023: £8,211) 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 £503 were reimbursed to one trustee (2022: telephone expenses of £424 to one trustee).

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

14
Tangible fixed assets - Group and Charity
Cost
At 1 April 2023
Additions
At 31 March 2024
Depreciation and impairment
At 1 April 2023
Depreciation charged in the year
At 31 March 2024
Carrying amount
At 31 March 2024
At 31 March 2023		 Freehold
buildings
£
1,886,962
441,591
2,328,553
134,637
29,069
163,706
2,164,847
1,752,325		 Fixtures,
fittings and
office
equipment
£
145,635
2,832
148,467
108,165
9,316
117,481
30,986
37,470		 Total
£
2,032,597
444,423
2,477,020
242,802
38,385
281,187
2,195,833
1,789,795

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

15 Investment property - Group and Charity

Investment property - Group and Charity
2024
£
Fair value
At 1 April 2023 and 31 March 2024 3,138,568

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. There has been no more recent valuations.

16 Programme related investments

At 1 April 2023
Additions
At 31 March 2024		 £
225,995
(12,820
213,175

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

The reduction in value relates to a prior year adjustment in the financial statements for Arise Yorkshire Ltd for the year ended 31 March 2023 in relation to deferred taxation and the revaluation of properties. The investment is now recognised as unrestricted as the restriction on the distribution of the assets of the company has been removed.

17 Fixed asset investments - Group

Fixed asset investments - Group
Unlisted investments 2024
£
3,751
3,751		 2023
£
3,750
3,750

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

17
Fixed asset investments - Group
Movements in fixed asset investments
Cost or valuation
At 1 April 2022 & 31 March 2023
Carrying amount
At 31 March 2024
At 31 March 2023
18
Fixed asset investments - Charity
Investments in subsidiaries
Unlisted investments		 (Continued)
Shares
£
3,750
3,750
3,750
2024
2023
£
£
100
100
3,750
3,750
3,850
3,850		 (Continued)
Shares
£
3,750
3,750
3,750
2024
2023
£
£
100
100
3,750
3,750
3,850
3,850
3,750
3,750
2023
£
100
3,750
3,850

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

19 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
20
Debtors
Amounts falling due within one year:
Trade debtors
Amounts due from subsidiary undertakings
Other debtors
Prepayments and accrued income
21
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Other creditors
Accruals
Turnover
£
1,931
Group
2024
£
117,323
-
127
493,150
610,600
Group
2024
£
43,676
1,149,329
4,809
763,783
1,961,597		 Turnover
£
1,931		 Expenses
Profit/(Loss)
£
£
1,931
-
Charity
2023
2024
2023
£
£
£
167,511
117,323
167,510
-
27,234
26,745
1,721
127
1,721
599,486
493,150
599,486
768,718
637,834
795,462
Charity
2023
2024
2023
£
£
£
49,392
43,676
49,392
960,953
1,149,329
960,953
33,600
4,809
33,600
1,797,753
762,470
1,796,489
2,841,698
1,960,284
2,840,434		 Expenses
Profit/(Loss)
£
£
1,931
-
Charity
2023
2024
2023
£
£
£
167,511
117,323
167,510
-
27,234
26,745
1,721
127
1,721
599,486
493,150
599,486
768,718
637,834
795,462
Charity
2023
2024
2023
£
£
£
49,392
43,676
49,392
960,953
1,149,329
960,953
33,600
4,809
33,600
1,797,753
762,470
1,796,489
2,841,698
1,960,284
2,840,434
2023
£
167,510
26,745
1,721
599,486
795,462
2023
£
49,392
960,953
33,600
1,796,489
2,840,434

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

22 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 2022
£
Investment Property Development Fund
220,000
Carbon Reduction Fund
90,000
Redundancy Fund
177,000
Contingency Fund
248,000
Buildings Reserve
30,000
Woodroyd
-
Park Lane
-
765,000		 Transfers
Balance at
1 April 2023
£
£
-
220,000
-
90,000
30,000
207,000
5,000
253,000
-
30,000
-
-
-
-
35,000
800,000		 Transfers
31
£
165,000
(30,000)
(89,000)
53,000
3,000
520,442
758,401
1,380,843		 Balance at
March 2024
£
385,000
60,000
118,000
306,000
33,000
520,442
758,401
2,180,843

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.

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
Transfers
Balance at		 1 April 2022
resources
expended
1 April 2023
resources
expended
31 March 2024		 £
£
£
£
£
£
£
£		 Woodroyd
520,442
-
-
520,442
-
-
(520,442)
-		 Park Lane
758,401
-
-
758,401
-
-
(758,401)
-		 Better Start
293,143
7,001,962
(7,218,463)
76,642
8,007,564
(7,121,339)
-
962,863		 Holiday Play Provision
-
13,665
(13,665)
-
9,348
(9,348)
-
-		 Leeds Hospital Charity
-
24,888
(24,888)
-
-
-
-
-		 Parkside Extension
115,750
180,000
(249,663)
46,087
386,538
8,965
(441,590)
-		 Play Bradford
-
10,908
(10,908)
-
5,664
(5,664)
-
-		 BCE Investment in Shares
3,750
-
-
3,750
-
-
-
3,750		 Arise Yorkshire Limited (see note 16)
362,781
(136,786)
-
-
-
-
-
-		 Better Place
-
95,075
(95,075)
-
152,963
(152,963)
-
-		 Active Travel Hub
-
49,995
(240)
49,755
4,354
(54,109)
-
-		 Power to Change - Insulation Mayfield
-
10,000
(5,381)
4,619
-
(4,619)
-
-		 Family Crisis
-
-
-
-
61,839
(61,839)
-
-		 Cash for Kids - Cost of Living
-
-
-
-
2,500
(2,500)
-
-		 Reboot Grant - Health
-
-
-
-
13,357
(13,357)
-
-		 LSCG - Community Grant Lunches
-
-
-
-
9,551
(9,551)
-
-		 2,054,266
7,249,707
(7,618,283)
1,459,696
8,653,678
(7,426,324)
(441,590)
966,613
23

Restricted funds - Group Woodroyd and Park Lane relate to fu 2023, the monies may be repayable.
23

Movement in funds Incoming
Resources
Transfers
Balance at		 resources
expended
31 March 2024		 £
£
£
£		 -
-
(520,442)
-		 -
-
(758,401)
-		 8,007,564
(7,121,339)
-
962,863		 5,664
(5,664)
-
-		 9,348
(9,348)
-
-		 -
-
-
-		 386,538
8,965
(441,590)
-		 -
-
-
3,750		 -
-
-
-		 -
-
-
-		 152,963
(152,963)
-
-		 4,354
(54,109)
-
-		 -
(4,619)
-
-		 61,839
(61,839)
-
-		 2,500
(2,500)
-
-		 13,357
(13,357)
-
-		 9,551
(9,551)
-
-		 8,653,678
(7,426,324)
(1,278,843)
966,613
Balance at 1 April 2023 £ 520,442 758,401 76,638 - - - 46,087 3,750 - - - 49,755 4,619 - - - - 1,459,692
Movement in funds Incoming
Resources		 resources
expended		 £
£		 -
-		 -
-		 7,001,962
(7,218,463)		 10,908
(10,908)		 13,665
(13,665)		 24,888
(24,888)		 180,000
(249,663)		 -
-		 -
-		 -
-		 95,075
(95,075)		 49,995
(240)		 10,000
(5,381)		 -
-		 -
-		 -
-		 -
-		 7,386,493
(7,618,283)
Balance at 1 April 2022 £ 520,442 758,401 293,143 - - - 115,750 3,750 - - - - - - - - - 1,691,486
Restricted funds - Charity Woodroyd Park Lane Better Start Play Bradford Holiday Play Provision Leeds Hospital Charity Parkside Extension BCE Investment in Shares Cleaner Streets Log In, Check In, Move Up Better Place Active Travel Hub Power to Change Mayfield Insulation Family Crisis Cash for Kids - Cost of Living Reboot Grant - Health LCSG - Grant Community Lunches
24

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

25 Related party transactions

Remuneration of key management personnel
The remuneration of key management personnel is as follows.
Aggregate compensation 2024
£
232,954		 2023
£
223,786
There were no other disclosable related party transactions during the year (2023 - none).
Balance at 31 March 2024 £ 966,612 2,180,843 4,274,465 7,421,920 Balance at 31 March 2024 £ 966,612 2,180,843 4,056,426 7,203,881
Resources
Transfers		 expended £
£		 (7,426,324) (1,720,433) -
1,380,843		 (1,498,193)
339,590		 (8,924,517)
-		 Resources
Transfers		 expended £
£		 (7,426,324) (1,720,433) -
1,380,843		 (1,496,262)
339,590		 8,922,586
-
Incoming resources £ 8,653,677 - 1,328,411 9,982,088 Incoming resources £ 8,653,677 - 1,339,300 9,992,977
Balance at 31 March 2023 £ 1,459,692 800,000 4,104,657 6,364,349 Balance at 31 March 2023 £ 1,459,692 800,000 3,873,798 6,133,490
Transfers £ (225,995) 35,000 190,995 - Transfers £ - 35,000 (35,000) -
Movement in funds Incoming
Resources		 resources
expended		 £
£		 7,249,705
(7,618,285)		 (520,442)
(520,442)		 1,431,436
(1,420,666)		 8,681,141
(9,038,951)		 Movement in funds Incoming
Resources		 resources
expended		 £
£		 7,386,491
(7,618,285)		 -
-		 1,429,930
(1,419,159)		 8,816,421
(9,037,444)
Balance at 1 April 2022 £ 2,054,267 765,000 3,902,892 6,722,159 Balance at 1 April 2022 £ 1,691,486 765,000 3,898,027 6,354,513
Funds Funds - Group Restricted funds Designated funds Unrestricted funds Funds - Charity Restricted funds Designated funds Unrestricted funds
26
Total 2023 £ 1,789,795 3,138,569 3,750 225,995 1,206,240 6,364,349 Total 2023 £ 1,789,795 3,138,569 3,850 1,201,276 6,133,490
Restricted funds 2023 £ 1,324,930 - 3,750 - 131,012 1,459,692 Restricted funds 2023 £ 1,324,930 - 3,750 131,012 1,459,692
Total Unrestricted
Designated		 funds
funds		 2024
2023
2023		 £
£
£		 2,195,833
464,865
-		 3,138,568
3,138,569
-		 3,751
-
-		 213,175
225,995
-		 1,870,594
275,228
800,000		 7,421,921
4,104,657
800,000		 Total
Unrestricted
Designated		 funds
funds		 2024
2023
2023		 £
£
£		 2,195,833
464,865
-		 3,138,568
3,138,569
-		 3,851
100
-		 1,865,629
270,264
800,000		 7,203,881
3,873,798
800,000
Unrestricted
Designated
Restricted		 funds
funds
funds		 2024
2024
2024		 £
£
£		 916,990
1,278,843
-		 3,138,568
-
-		 -
-
3,751		 213,175
-
-		 5,733
902,000
962,861		 4,274,466
2,180,843
966,612		 Unrestricted
Designated
Restricted		 funds
funds
funds		 2024
2024
2024		 £
£
£		 916,990
1,278,843
-		 3,138,568
-
-		 100
-
3,751		 768
902,000
962,861		 4,056,426
2,180,843
966,612
27
Analysis of net assets between funds - Group		 Fund balances at 31 March 2024 are represented by: Tangible assets Investment properties Investments Programme related assets Current assets/(liabilities) 28 Analysis of net assets between funds - Charity Tangible assets Investment properties Investments Current assets/(liabilities)

Draft Financial Statements at 03 December 2024 at 15:35:48 BRADFORD TRIDENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

29 Analysis of changes in net funds

The Charity had no debt during the year.

30
Cash generated from operations - Group
Surplus/(deficit) for the year
Adjustments for:
Investment income recognised in profit or loss
Fair value gains and losses on investment properties
Share of joint venture
Depreciation and impairment of tangible fixed assets
Movements in working capital:
Decrease/(increase) in debtors
(Decrease) in creditors
Cash absorbed by operations
Cash generated from operations - Charity
Surplus/(deficit) for the year
Adjustments for:
Investment income recognised in profit or loss
Fair value gains and losses on investment properties
Depreciation and impairment of tangible fixed assets
Movements in working capital:
Decrease/(increase) in debtors
(Decrease) in creditors
Cash absorbed by operations		 2024
2023
£
£
1,057,571
(357,809)
(917,221)
(922,029)
-
(180)
12,820
136,786
38,385
39,478
158,118
(140,978)
(880,101)
(673,349)
(530,428)
(1,918,081)
2024
2023
£
£
1,070,391
(221,023)
(916,595)
(921,827)
-
(180)
38,385
39,478
157,628
(141,079)
(880,150)
(673,348)
(530,341)
(1,917,979)