BRADFORD BASE SOCIAL ENTERPRISE COMPANY LIMITED REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Registered Company No.. 6768226 Re815tered Charlty No.. 1128217
BRADFORD BASE SOCIAL ENTERPRISE COMPANY LIMITED FINANCIAL STATEMENTS Year ended 31 March 2025 CONTEMrs Page No: Annual Report of the Trustees Independent Examlners, Report Statement of Flnanclal Actlvltles Ilncorporatln8 ihe Income and Expendlture Account) Balance Sheet Note5 lo the Flnanclal Statements 9-12
BRADFORD BASE SOCIAL ENTERPRISE COMPANY LIMITED ANNUAL REPORT OF THE TRUSTEES Year ended 31 March 2025 The financlal statement5 Comp with current statutory requirements, the Memorandum and Artl¢les of Association and the Statement of Recommended Practice- Accounting and Reporting by Charities ISORP 2014 IFR510211 Issued by the Charity Commlsslon. Bradford 8ase Social Enterprise Cornpanv Llmlted 15 a registered charity. REFERENCE & ADMINISTRATIVE INFORMATION Charlty name Bradford Base Social Enterprlse Company Limf(ed I"Bradford 8ase"I Charily reglstratlon number 1128217 (England & Wales) Company registratlon number 6768226 (England & Wale51 Re8lStered addre55 8ewOck House, 16 Eldon Place, Bradford, BDI 3AZ The director5 of the charltsble company I'the charlty'l are trustees for the purposes of charlty law. Throughout this report, dlrectors are collectlvely referred to as trustees. Huwjones retlred as Chair In September 2024, and Gurmeet Vlrdl wa5 appolnted at that time. Those seNlng durin8 the year and until the date thls report was approved are.. Gurmeet Slngh Vlrdi Ichalrl Huwjones Davld Noble Raymond Mllne Abdulmateen Khan Hao Zheng Catherlne Thomas Katle Gates-Hartlev Davld Tar8ett Flona Hlbblts Rlchèrd Freye lappolnted 26161241 Ernest Gllbert.Gray Ideceased 6181251 Sara Johnson lappolnted 2816123, resl8ned 12161241 Members The sole member of the charlty Is Horton Houslng Assoclatlon Bankers Barclays Bank plc, 10 Market Street, Bradford, BDI INR Independent Examlners Crowe U.K. LLP. 3 Floor. St George's House, 56 Peter Street, Manchester, M2 3NQ srRUCTURE, GOVERNANCE ANO MANAGEMENT Constltutlon Bradford Base Social Enterprise Company Limrted is a charity governed by rts Mernorandum and Artlcles of Association, incorporated on 8th December 2(Q8, and Is constltuted a5 a company Ilmited by guarantee and not having a share capital. Appolntment of trustees The first trustees were appolnted by a majority of the subscrlbers to the Memorandum and Articles of Association. Every trustee has the power to nominate another trustee who must then be approved by the trustees. The minlmum number of tru5tee5 Is three and the maximum is 12. The term of office for each trustee Is three years. A retiring trustee who remains qualrfied may be re-appointed.
BRADFORD BASE SOCIAL ENTERPRISE COMPANY LIMITED ANNUAL REPORT OF THE TRUSTEES (Continued) Year ended 31 March 2025 Induction afid tralnlng olirustees Potential new trustees are invited to attend a trustees, meetlng as observer prior to consenting to be put forward for appointment as a trustee. New trustees must have completed a comprehensive Induction proce55 and are fully briefed on the actbvhles of the chartty. On-going training opportunitie5 for trustees are avallable. The charlty's trustees take flnal responsiblllty for the general and flnancial well-belng of the charity. The trustee5 meet at least three times a year. The maln operatlons of the Charity are that of a trainin8 and social enterprise Centre and the day-to-day operatlons are the responslblllty of the centre manager. Helshe contracts appropriate staff and volunteers to run the seNlce. Rlsk as5•s$ment The trustee5 have assessed the major risk5 to which the charltyls exposed, In partlcular, those related to the operatlons and Ilnances of the tharlty, and are 5atlsfled that Systems are in place to mltlgate those risks. OBJECTIVES & ACTIVITIES ObJ¢¢tl¥e5 The objects of the charV are for the public beneflt to: advance educatlon, Iralnln8 and retralnbng among those persons who through thelr soclal and economlc clrcumstances are In need and unable to galn employment through the prov151on of galnful employment and of such tralnlng facllities as wlll enable such persons to acquire and develop vocational 5kills.' provlde experlence of regular work for such persons who would otherwise be unemployed to develop thelr physlcal, mental and splrltual capacitbes that they may grow to full motyrlty as Indlvlduals and fflembers of 50clety and that thelr condltlons of Ilfe may be improved. The trustees t0&nSe their dutles under the Charltles Act 2011 and have referred to the Charlty Comm1551on's guldance on publlc benefh when reviewing the charity'5 activitles and complllng thls report. Artlvltles The main activty of the charity durlng the year related to the provision of education, trainln8 and employment support for refugees In Bradford, Wakefield, Klrklees and Calderdale vla contracts for services with World lewlsh Rellef Ipart-funded by AMIF, the EU Asylum and Migration Inte8fation Fund). The training centre, from which the charity operates, also provides a ranBe of facilltles Includin8 Information and communlcatlon technology equipment to fa¢llltate tralnlng for people experiencing vulnerabilr(v and advisors working with such people. The charlty does not undertake any fundraising activity.
BRADFORD BASE SOCIAL ENTERPRISE COMPANY LIMITED ANNUAL REPORT OF TWE TRUSTEES Year ended 31 March 2025 ACHIEVEMENTS AND PERFORMANCE The charlty has continued to provide education, training and employment services for refugees durin8 the year. The support delivered via contracts with World Jewish Relief continued, although reduced as avallable fundin8 was lower than In prior years. The tralning centre 15 SUPPOrted by corporate volunteers and volunteers from the general public without whose work rnany actwities and events would not occur. FINANCIAI REVIEW Flnandal performance The charlty generated a surplu5 of £11,892 In 2025 12024: £4.1141. Overall turnover reduced to £261,663 from £307,709, as fundlng was Teduced. The cost base of the organlsation has been reduced as fundin8 has reduced. The net assets of the charlly have Increased and the level of reserves 15 at a level that reflects the trustees approach to reserves. Reserves poll¢v The company has adopted the Reserves Pollcy of the Horton Houslng Group and doe5 not operate a separote pollcy. The pollcy sets out that sufflclent reserves should be malntalned "in order to provlde rellable services over the k)n8er term and have the capacity to absorb setbacks and to take advintage of change and opportun[t. The Horton Houslng Group operate5 comprehenSNe risk management procedures Sn order to minlmise the risk of sudden flnancial105s or the Inablllty to contlnue operatlng. The charlty benefhs from operatlonal support and use of premises from the Group parent companyi Horton Housing Associatlon. Good risk management enables the charlty to use its avallable funds as fully as p055lble to achleve Its charltable oblectlves and reduces the need for large reserves to be held as cash. The charity aims to steadlly bulld up Its reserves and as at 31 March 2025 the charlty's unrestricted general reserve stood at £80,075. The level of reserves Is regularty monltOTed as part of Its financlal reporting and bud8etin8 processes Plans for future perlods The contractual commbtments for funding from World Jewlsh Rellef have been extended, but at fvrther reduced levels for the 2025126 year. Whllst the activity is expetted to continue, the charliy Is exploring the possibility of tran5ferrlng the actSvity to the parent company which may result In the company becoming dormant durin8 2025126. Thi5 will potentially be taken forward at the next renewal dates for the World Jewlsh Relief contracts. Nor formal declslon has yet been made, and the company contlnues to operate and meet its obligations. The Group, however, also continues to seek opportunities to expand its training and Social enterprise activltles to support its key objectives, Ind success In dolng so may mean the Company continuing to trade.
BRADFORD BASE SOCIAL ENTERPRISE COMPANY LIMITED ANNUAL REPORT OF THE TRUSTEES Year ended 31 March 2025 STATEMENT OF TRUSTEES, RESPONSIBIUTIES The trustees (who are also directors of Bradford Base Social Enterprlse Company Limlted for the purposes of company lawl are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and Unlted Kingdom Accountlng Standards (United Kln8dom Generally Accepted Accountlng Practice), Company law requires the trustees to prepare financbal statements for each financial year whSch gfve a true and fair view of the state of affair5 of the charitable company and of it5 incoming resources and appllcation of resources, including the income and expendlture, of the charltable company for that perlod. In preparing these financlal siatements, the trustees are required to.. select sultable accountlng polkie5 and ihen apply them consistently: observe the methods and prlnclples in the Charltles SORP IFRS 1021,. make judgements and estimates that are reasonable and prudent,. Stale whethef applicable accountln8 Standard5 have been followed, sublect to any materlal departures dlsclosed and explalned In the flnanclal statements- and prepare the flnanclal 5tatement5 on the Boln8 concern ba51$ unless It Is Inapproprlate to presume that the charlty wlll contlnue In buslness. The trustees are responslble for keepin8 proper accountln8 record5 that dlsc105e wbth reasonable accuracy at any tlme the flnanclal posltlon of the charltable company and enable them to ensure that the flnancial statements comply with the Companies Act 2006. They are a150 responslble for safe8uardin8 the assets of the ¢harltable company and hence for taklng reasonable steps for the preventlon and detectlon of fraud and other Irregularltles. In so far a5 the trustees a aware.. there Is no relevant InformatSon of whlch the charitable companvs Independent exarniner15 unawa, and the trustees have taken all 51ep5 that they ought to have taken to make themselves aware of any relevant Information and to establlsh that the independent examiner 15 aware of that Information. The trustees are responslble for the maintenance and Inte8rrty of the corporate and flnanclal Information Included on the charltable company'5 webslte. Legislatlon In the Unbted Kingdom governing the preparatlon and di55emination of financlal Statements may dlffer from legislation in other jurisdlctlons. This report wa5 approved by the trustees on 3 September 2025 Gurmeet Vlrdl. Director
BRADFORD BASE SOCIAL ENTERPRISE COMPANY LIMITED INDEPENDENT EXAMINER'S REPORT Yearended 31 March 2025 Independent examiner's report to the trustees of Bradford Base Soclal Enterprlse Company Llmlted {'the CompanVI I report to the company trustees on my examination of the accounts of the Company forthe year ended 31 March 2025, whith are set out on pages 7 to 12. Thls report Is made solely to the charltable cOmpanS trustee5, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and the chartlable companls trustee5 as a body in accordance with section 154 of Ihe Charlties Act 2011. My Independent e¥amTrnerfs work has been undertaken $0 that I mlght State to the charltable company's trustees those matters l am required to state to them in an independent examlnels report and for no other purpose. To the fullest extent permltted by law, I do not accept or assume responslbillty to anyone other than the charitable cornpany4 the charitable company's members as a body and the charitable ¢ompanVs trustees as body for my Independent examlnerfs work, for thls report, or for the oplnions I have formed. Responslbllltles and basls of rèport As the charlty's trustees of the Company land also It5 dlrectors for the purposes of company lawl you are responslble for the preparation of the accounts In accordance wlth the requirement5 of the Companles Act 261'the 2006 Act'l. Havlng satlsfled mysewthat the accounts of the Company a not requlred to be auded under Part 16 of the 2006 Act and are eli8lble for Independent examination, I report in respect of my examlnatlon of your charity's accounts a5 carTSed out under sectlon 145 of the Charltles Act 2011 I'the 2011 Act'l. In carryln8 Out my exambnation I have followed the Dlrections given by the Charity Commlsslon under section 145151 Ibl of the 2011 Act, Indèpendent ex•mlnerfs statement Slnce the Company's gross Income exceeded £250,0 your examiner must be a member of a bodv Ilsted In sectlon 145 of the 2011 Act. I conflrm that l arn qualified to undertake the examlnatlon because l am a member of the Instltute of Chartered Accountant5 in England and Wales, which is one of the Ilsted bodles. I have completed my examlnation. I nflrrn that no matters have come to my attention In connectlon wlth the examination giving me cause to believe.. accountlng records were not kept In respert of the Company a5 requlred by secllon 386 of the 2LK16 Act. or 2. the accounts do not accord wlth those records. or 3. the accounts do not comply wlth the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts glve a 'true and faSr view which is not a matter considered as part of an Independent examlnatlon,. or 4. the accounts have not been prepared in accordance with the methods and principles of the 513tement of Recommended Practice for accounting and reporting by charities lapplicable to charltles preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211.
BRADFORD BASE SOCIAL ENTERPRISE COMPANY LIMITED INDEPENDENT EXAMINER'S REPORT Year ended 31 March 2025 I have no concerns and have come across no other rnatters in connertion wlth the examinatlon to which attention should be drawn this report in order to enable a proper understandin8 of the accounts to be reached. Vicky Szullst Chartered Accountant Crowe U.K. LLP M?nchester 11 September 2025
BRADFORD BASE SOCIAL ENTERPRISE COMPANY LIMITED STATEMENT OF FINANCIAL ACTIVITIES {incorporating the Income and Expenditure account) Yearended 31 March 2025 Unrestrfcted Unrestrftted 2025 Z024 Note Inme from: Charltsble actrvities 261,663 307,709 Tot•1 261,663 307,709 Exp•ndlture on: Charbtable actlvltles TotAI 249,771 249,771 303,595 303,595 Net movement In lunds 11,892 4,114 Recondllatlon of fvnds: Total funds brou8ht forward 68,183 64,069 Totsl fvnds carrled forward 80,075 68,183 All incoming resources and resources expended I derlyed from contlnulng attlvltle5. All reco8ni5ed 8alns and losses are Included In the Statement of Financlal Actlvttles. The note5 on pages 9 to 12 form part of these accounts,
BRADFORD BASE SOCIAL ENTERPRISE COMPANY LIMITED BALANCE SHEET as at 31 March 2025 Note 2025 2024 Current assets Debtors Cash at bank and In hand 62,505 45,765 85,517 107,166 Totsl Cufrent assets 108,270 192,683 Creditors.. Amounts falllng due wlthln one year 128.1951 1124.5001 Total assets less eurrent Ilabllltles 80,075 68,183 Net assets 80,075 68,183 Represenied bv: Unrestrlcted fund5 80,075 68,183 80,075 68,183 For the year ended 31 March 2025, the company was ontltled to exemptlon from audlt under 5ectlon 477 of the Companles Act 2(16 relatlng to small companles. The trustees have not required the company to obtain an audit of its financial statements for the year in que5tlon In aCCOTd3n¢e wlth Section 476 of the Companbes Act 2006. The trustees acknowledge thelr responslbllltles for complylng wlth the requlrÈments of the Act wlth respect to aecounlln8 records and the preparatlon of flnanclal statements. These financial statements have been prepared in accordance with the prov15Ions appllcable to companles subject to the small companles, re8lme. The financlal statements were approved by the trustees on 3 September 2025 and 558ned on thelr behalf by.. Gurmeet Vlrdl Director Kae Gates Hartley Director The notes on pages 9 to 12 form part of ihe5e accounts. Reglstered Company No: 6768226 Reglstered Charity No.. 1128217
BRADFORD BASE SOCIAL ENTERPRISE COMPANY LIMITED NOTES ON THE ACCOUNTS Year ended 31 March 2025 ACCOUNTING POLICIES BASIS OF ACCOUNTING The financial statements have been prepared In accordance with the Accounting and Reporting by Charities (Charities SORP IFRS10211. Statement of Recommended Practice applicable In the UK and Republic of Ireland IFRS1021 (effective l January 20151, the Flnanclal Reporting Standard In the UK and Republic of Ireland IFRSID21 and the Charities Act 2011. The accountlng policles have been applied Consistent lexcept as otherwise stated). Bradford Base Soclal Enterprlse Company Limlted meets the definltlon of a publlc beneflt enllty under FRSIO2. Accoun In ventlo The flnancial statements are prepared under the hlstorlcal cost conventlon. In Thefinanclal statements have been prepared on a going concern basls. The charlty has adequate reserves. It does have future contracted Income, although a5 noted In the Trustees, Report the company Isexplorlng the transfer of these contracts to the comn5 parent company, whlch may result in the companv becoming dormant durlnB 2025126. However, no formal decislon has been made, and the company contlnues to operate and meet Its obllgatlons. ome Trainln8 and other Income Is accounted for when the charity ha5 entitlement to the fund5, It Is probable Ihat the funds will be receNed and the amount can be measured rellablv. Revenue grants are accounted for when there Is evldence of entltlement, recelpt Is probable and the amount can be measured iellably. endlture All expenditilTe is charged In the year to which bt relate5, Asset5 The charlty does not own any flxed assets other than expendable items of office equlpment. ebtors Debtors are recognlsed at the settlement amount due. Creditors Creditors are recognised where the charlty ha5 a present obligation resultlng from a past event that will probably result In the transfer of funds to a thlril party and the amount due to settle the oblieation can be measured or estimated reliably. cdtorS are normally recognised at theSr settlement amounts.
BRADFORD BASE SOCIAL ENTERPRISE COMPANY LIMITED NOTES ON THE ACCOUNTS (Contlnuedj Year ended 31 March 2025 I ACCOUNTING POLICIES Icontlnuedl Deferred income Is recognised when servlces have been billed for in advance of the services being ellvered. Financial Instruments The charlty only has financlal a55et5 and financial liabllbtles of a kénd that qualify as baslc flnanclal instruments. Baslc ftnantlal Instruments are inltialty reco8nised at transactlon value and subsequently measured at their settlement value. 2 Taxatlon A5 a charitythe or8anlsatlon Is exempt from United Kingdom Income and Corporation taxon Its charltable actlvltle5. Sundry debtors and prePThents 2025 2024 Sundry debtor5 and prepayments Amounts owed from group and related undertakln8S 34,377 28.128 56,889 28,628 62,505 85,517 Sundry cr•dltors and accruals 2025 20Z4 Sundry credltors and accruals Amount5 owed to group and related undertaklngs 7,539 20.656 4,763 119,737 28,195 124,500 InmInI resources from tharltable actlvltles 2025 2024 Training income Mlscellaneous income 261,663 307,706 261,663 307,709 All income lateS to the Charty's main actNIty. 10
BRADFORD BASE SOCIAL ENTERPRISE COMPANY LIMITED NOTES ON TH E ACCOUNT5 (Continued) Year ended 31 March 2025 Resources expended on charitable tI¥ll1eS 2025 2024 Management charges Audit fees Igovefnance costs) Other costs 234,660 3,585 11,526 289,532 3,413 10,650 249,771 303,595 The charlty does not dlrectty employ any staff. All expenses relate to the Charftws maln activlty. Trustees, expenses No remuneratlon or expenses were pald to trustees durln8 the perlod12024,. £nlll. Génèr41 funds 2025 2024 Balance at 31 March 2024 Surplus for the year Balance at 31 March 2025 68,183 11,892 80,075 64,069 4.114 68,183 All fund5 are unrestrlcted and can be used for the 8eneral oblects of the Charlty. Flnanclal In51ruments 2025 2024 Carrylng amount of financlal a55e15 measured at amortised Costs Carrylng amount of flnancial Ilabllltles measured at amorti5ed costs 61072 85,517 24,239 124,500 10 Operallng leases There a currently no operating lease512024: none). 11 Caplial commltmeThts There We no capltal commltments at 31 March 202512024: £nlll. 11
BRADFORD BASE SOCIAL ENTERPRISE COMPANY LIMITED NOTES ON THE ACCOUNTS (Continuedj Year ended 31 March 2025 12 Post balance sheet evtnts There have been no significant events slnce the balance sheet date. However the company is exploring the possibility of transferrin8 its eyisting contracts to the parent company which may result in the company becomlng dormant during 2025126. However, no formal declslon has been made, and the company contlnue5 to operate and meet Its obllgations. 13 Related party transartlon5 The company has taken advantaBe of the exemptlon from the requlrernent to dlsclose tran5actlons between two or rnore members of a group, as the company Is a wholly owned subsidiary undertaklng of the group to whlch it is party to the transactlons. As at 31 March 2025. the following balances were due from/ltol other8roup companies in respect of the above transactlon5- 2025 2024 Horton Houslng Associatlon Horton Housln8 Support Llmited 120,6561 28,128 1119,7371 28,628 14 Control The company is limited by guarantee and is controlled by its sole member, Horton Housing Association. The company's financial statement5 are consolldated Into the financlal 5t?tements of Horton Houslng Assocbatlon. The consolldated flnanclal statements can be obtained from Chartford House, 54 Llttle Horton Lane, Bradford, B05 OBS. Horton Houslng Assoclatlon Is re8Sstered under the Co-operative and Commun¥ Beneflt Socleties Act 2014, reBlStered number 25057R. and provldes supported houslng and related support to vulnerable people who a In need of such asslstance. 12