Bradford & District Senior Power
Charity number 1129877
A company limited by guarantee number 06338089
Annual Report and Financial Statements
for the year ended 31 March 2022
Bradford & District Senior Power
Annual Report and Financial Statements for the year ended 31 March 2022
| Contents | Page |
|---|---|
| Trustees' report | 2 to 4 |
| Examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the accounts | 8 to 12 |
Prepared by West Yorkshire Community Accountancy Service CIO
1
Bradford & District Senior Power
Trustees' report for the year ended 31 March 2022
Reference and administrative details of the charity, its trustees and advisors
The trustees during the financial year and up to and including the date the report was approved were: Name Position Dates
Name Position Dates Bernard Lewis Chair Jean Sidney Resigned 15 October 2021 Jean Walker Christine Watkin Greg Lucas Appointed 31 July 2021 Charity number 1129877 Registered in England and Wales Company number 06338089 Registered in England and Wales
Registered and principal address
Bankers
7 John Street Yorkshire Bank plc Bradford 1 Westgate BD1 3JS Shipley Bradford BD18 3SD
Independent examiner
Rhys North ACA West Yorkshire Community Accountancy Service CIO Stringer House 34 Lupton Street Leeds LS10 2QW
Structure, governance and management
The charity is a company limited by guarantee and was formed on 8 August 2007. It is governed by a memorandum and articles of association as amended by special resolution on 22 May 2009. The liability of the members in the event of the company being wound up is limited to a sum not exceeding £10.
Method of recruitment and appointment of trustees
The trustees of the charity are also the directors for the purposes of company law and are appointed by the members at the AGM.
2
Bradford & District Senior Power
Trustees' report (continued) for the year ended 31 March 2022
Objectives and activities
The charity's objects
To promote the relief of older people in any manner which now or hereafter may be deemed by law to be charitable in and around the metropolitan district of Bradford.
The charity's main activities
Providing older peoples' events to combat loneliness, providing advice to older people when requested, producing quarterly newsletters to keep our members in touch and provide them with useful information.
Public benefit statement
In setting our objectives and planning our activities the trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular to working together with older people, their families and carers.
Achievements and performance
With the impact of Covid 19 diminishing towards the end of the year, we are happy to report that the ongoing impact to our activities has become much reduced. We continue to provide support, benefits and encouragement to all those that are over 55 and use our activities.
At Bradford and District Senior Power our resources are directed towards supporting some of the most vulnerable people in our society through the most difficult times of their lives, throughout this coronavirus pandemic. The pandemic has had significant impact on both our activities and on the lives of our target groups. Our service delivery team and volunteers faced new pressures to reach and engage with our members.
With the support of our trustees, BDSP staff and volunteers, we have managed to reopen our hub in Bradford town centre although we are still struggling to achieve the numbers we had pre pandemic.
Financial review
The net expenditure for the year was £3,246, including net expenditure of £13,234 on unrestricted funds and net income of £9,988 on restricted funds.
There are no material concerns concerning the charity's finances given it has a number of ongoing funded projects as well the availability of its reserves. Given this the trustees have reassessed the charity’s ability to continue for at least 12 months from the date that the accounts are approved and have concluded that no material uncertainties exist that cast significant doubt on the charity’s ability to continue as a going concern
Reserves policy
The charity's free reserves, excluding fixed assets, at the year end were £41,190.
The trustees seek to maintain ‘adequate reserves’ so as to ensure that all reasonable day-to-day running costs can be met as and when they fall due, recognising the basic financial principle that the Board of trustees is responsible for ensuring that the solvency of the charity is maintained. 'Adequate Reserves' is deemed to be sufficient funding for six months of normal expenditure.
3
Bradford & District Senior Power
Trustees' report (continued) for the year ended 31 March 2022
Statement of trustees' responsibilities
The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Trustees report and the financial statements in accordance with the applicable law and UK Accounting Standards.
Company law requires the trustees to prepare financial accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to:
select suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the accounts on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial accounts 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.
This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS102)), and in accordance with the special provisions of the Companies Act 2006 relating to small companies.
Approved by the board of trustees on 24/1/2023
Bernard Lewis (Trustee)
5
Bradford & District Senior Power
Independent examiner's report to the trustees of Bradford & District Senior Power
I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 March 2022, which are set out on pages 6 to 12.
Responsibilities and basis of report
As the charity's trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
1 accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or 2 the accounts do not accord with those records; or
-
3 the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
-
4 the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Rhys North ACA
25/1/2023
West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
5
Bradford & District Senior Power
Statement of Financial Activities
(including summary income and expenditure account) for the year ended 31 March 2022
| Notes 2022 Unrestricted funds £ Income from: Grants and donations (2) 4,641 Fees 2,439 Other income 83 Bank interest 168 Total income 7,331 Expenditure on: Salaries and NI (3) 803 Payroll charges 387 Sessional workers 12,746 Volunteer travel and expenses 62 Rent and rates 206 Utilities 971 Printing, postage and stationery - Phone and internet 271 Events and activities 416 Equipment 46 Insurance 474 Independent examination 600 Other professional fees 2,717 Repairs, cleaning and maintenance 5 Bank charges 205 Depreciation 183 Sundry expenditure 473 Total expenditure 20,565 Net movement in funds (13,234) Fund balances brought forward 54,608 Fund balances carried forward (4) 41,374 |
2022 Restricted funds £ 86,127 - - - 86,127 35,363 - 15,666 756 1,368 53 613 19 6,761 1,461 - - 13,410 - - - 669 76,139 9,988 43,111 53,099 |
2022 Total funds £ 90,768 2,439 83 168 93,458 36,166 387 28,412 818 1,574 1,024 613 290 7,177 1,507 474 600 16,127 5 205 183 1,142 96,704 (3,246) 97,719 94,473 |
2021 Total funds £ 58,266 - 1,240 490 59,996 10,223 163 30,962 723 120 1,055 661 244 1,854 297 393 510 19,288 2,227 135 183 88 69,126 (9,130) 106,849 97,719 |
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
6
Bradford & District Senior Power
Balance sheet
| as at 31 March 2022 2022 Unrestricted £ Fixed assets Tangible assets (5) 184 Total fixed assets 184 Current assets Debtors and prepayments (6) 715 Cash at bank and in hand (7) 42,389 Total current assets 43,104 Current liabilities: amounts falling due within one year Creditors and accruals (8) 1,914 Total current liabilities 1,914 Net current assets 41,190 Net assets 41,374 Funds Unrestricted funds 41,374 Restricted funds - Total funds 41,374 |
2022 Restricted £ - - 8,622 47,206 55,828 2,729 2,729 53,099 53,099 - 53,099 53,099 |
2022 Total £ 184 184 9,337 89,595 98,932 4,643 4,643 94,289 94,473 41,374 53,099 94,473 |
2021 Total £ 367 367 221 97,764 97,985 633 633 97,352 97,719 54,608 43,111 97,719 |
|---|---|---|---|
For the year ending 31 March 2022 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476. The trustees (who also the directors for the purposes of company law) acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and with FRS 102 (effective January 2019).
The financial statements were approved by the board of trustees on 24/1/2023
Bernard Lewis (Trustee)
7
Bradford & District Senior Power
Notes to the accounts
for the year ended 31 March 2022
1 Accounting policies
Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year. No changes have been made to the accounts for previous years.
Going concern
The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.
Incoming resources
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.
Grants and donations
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.
Expenditure and liabilities
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
Taxation
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
Tangible fixed assets
Tangible fixed assets costing more than £500 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows: Office and computer equipment: over 3 years
Pensions
The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.
8
Bradford & District Senior Power
Notes to the accounts continued
for the year ended 31 March 2022
1 Accounting policies continued
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
| 2 Grants and donations Bradford Comm. Empowerment Network (CNET) Bradford Metropolitan District Council (BMDC) Bradford VCS Alliance Groundwork UK National Lottery Community Fund (NLCF) Postcode Neighbourhood Trust Royds Community Association Sir George Martin Trust WY Police & Crime Commissioner (WYPCC) Other donations 3 Staff costs and numbers Gross salaries Social security costs Employment allowance Pensions |
2022 Unrestricted funds £ - 3,817 - - - - - - - 824 4,641 |
2022 Restricted funds £ 10,000 18,442 2,250 19,100 11,909 19,926 2,500 2,000 - - 86,127 |
2022 Total funds £ 10,000 22,259 2,250 19,100 11,909 19,926 2,500 2,000 - 824 90,768 2022 £ 35,432 2,895 (2,895) 734 36,166 |
2021 Total funds £ 2,000 22,681 1,000 15,175 11,655 - - - 5,735 20 58,266 2021 £ 10,170 869 (869) 53 10,223 |
|---|---|---|---|---|
The average number of employees during the year was 1.7, being an average of 1.5 full time equivalent (2021: 0.5, 0.4 FTE). There were no employees with emoluments above £60,000.
Defined contribution pension scheme
Costs of the scheme to the charity for the year
| 2022 | 2021 |
|---|---|
| £ | £ |
| 734 | 53 |
9
Bradford & District Senior Power
Notes to the accounts continued
for the year ended 31 March 2022
| 4 Restricted funds Lord Mayor's Appeal Aspire i Bradford VCS - Coffee Beanz Bradford VCS - Men Move BMDC - Website Groundwork UK Fund BDMC - Transformation Fund NLCF - Local Connect Fund CNET- Crafternoon Tea CNET - Deja Brew Postcode Lottery Act As One VCSA NLCF - Business Support BMDC - Tasty Chewsday NLCF - Tasty Chewsday Sir George Martin Trust Christmas Cuppas BDMC - Additional Restrictions BDMC - Community Chest Omicron Grant |
Balance b/f £ 30,925 923 8 500 1,200 7,702 750 1,103 - - - - - - - - - - - - 43,111 |
Incoming £ - - - - - 19,100 - - 5,000 5,000 19,926 1,500 9,570 7,500 2,339 2,000 750 6,142 300 7,000 86,127 |
Outgoing £ - 210 8 271 1,200 26,802 86 - 5,000 - 15,462 1,500 9,570 7,500 2,339 1,368 357 2,755 50 1,661 76,139 |
Transfers £ - - - - - - - - - - - - - - - - - - - - - |
Balance c/f £ 30,925 713 - 229 - - 664 1,103 - 5,000 4,464 - - - - 632 393 3,387 250 5,339 53,099 |
|---|---|---|---|---|---|
Fund name
Lord Mayor's Appeal Aspire i Bradford VCS - Coffee Beanz Bradford VCS - Men Move BMDC - Website Groundwork UK Fund BDMC - Transformation Fund NLCF - Local Connect Fund CNET- Crafternoon Tea CNET - Deja Brew
Postcode Lottery Act As One VCSA NLCF - Business Support BMDC - Tasty Chewsday NLCF - Tasty Chewsday Sir George Martin Trust Christmas Cuppas
BDMC - Additional Restrictions BDMC - Community Chest Omicron Grant
Purpose of restriction
To be used for equipment in the Bradford People's Centre. To support the publicity of the charity.
To support coffee sessions for older people. To support groups for older men. To build a website.
Towards helping the over 55's get back into work.
For repairs and to buy equipment to replace items damaged by flooding. Towards the Crafternoon tea project.
Towards C/NET Crafternoon tea.
To provide structured physical and mental exercise to over 60’s to aid mental health issues.
To provide and deliver Crafternoon tea to elderly local residents. Towards the exercise activity at the hub.
Towards business development support costs. Towards the Tasty Chewsday project. Towards the Tasty Chewsday project.
To cover the rent of premises for tasty Chewsday.
To run sessions to provide refreshments and Christmas treats to our elderly centre users.
Towards business development support costs. To buy equipment.
Towards Motivational Monday, Tasty Chewsday, Crafternoon Tea and New Horizons projects.
10
Bradford & District Senior Power
Notes to the accounts continued
for the year ended 31 March 2022
| 5 6 7 **8 ** |
Tangible assets Cost At 1 April 2021 Additions At 31 March 2022 Depreciation At 1 April 2021 Charge for year At 31 March 2022 Net book value At 31 March 2022 At 31 March 2021 Debtors and prepayments Debtors Prepayments Cash at bank and in hand Cash at bank Cash in hand Creditors and accruals Creditors Accruals |
£ 550 - 550 183 183 366 184 367 2022 £ 9,084 253 9,337 2022 £ 89,576 19 89,595 2022 £ 4,043 600 4,643 Office equipment |
Total £ 550 - 550 183 183 366 184 367 2021 £ - 221 221 2021 £ 97,664 100 97,764 2021 £ 50 583 633 |
|---|---|---|---|
9 Related party transactions
Trustee expenses
During the year 2 trustees were paid a total of £35 in respect of travel (previous year: 5 trustees and £284).
Trustee remuneration and benefits
No trustee received any remuneration or benefit during this or the previous year.
11
Bradford & District Senior Power
Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2022
| 2022 2021 Unrestricted Unrestricted funds funds £ £ Income Grants and donations 4,641 19,451 Fees 2,439 - Other income 83 1,240 Bank interest 168 490 Total income 7,331 21,181 Expenditure Salaries and NI 803 1,584 Payroll charges 387 163 Sessional workers 12,746 22,998 Volunteer travel and expenses 62 419 Rent and rates 206 120 Utilities 971 1,055 Printing, postage and stationery - 520 Phone and internet 271 244 Events and activities 416 822 Equipment 46 60 Insurance 474 393 Independent examination 600 510 Other professional fees 2,717 8,922 Repairs, cleaning and maintenance 5 1,138 Bank charges 205 135 Depreciation 183 183 Sundry expenditure 473 68 Total expenditure 20,565 39,334 Net movement in funds (13,234) (18,932) Fund balances brought forward 54,608 73,540 Fund balances carried forward 41,374 54,608 |
2022 Restricted funds £ 86,127 - - - 86,127 35,363 - 15,666 756 1,368 53 613 19 6,761 1,461 - - 13,410 - - - 669 76,139 9,988 43,111 53,099 |
2021 Restricted funds £ 38,815 - - - 38,815 8,639 - 7,964 304 - - 141 - 1,032 237 - - 10,366 1,089 - - 20 29,792 9,802 33,309 43,111 |
2022 Total funds £ 90,768 2,439 83 168 93,458 36,166 387 28,412 818 1,574 1,024 613 290 7,177 1,507 474 600 16,127 5 205 183 1,142 96,704 (3,246) 97,719 94,473 |
2021 Total funds £ 58,266 - 1,240 490 59,996 10,223 163 30,962 723 120 1,055 661 244 1,854 297 393 510 19,288 2,227 135 183 88 69,126 (9,130) 106,849 97,719 |
|---|---|---|---|---|
12