# **BRADFORD DISTRICT COMMUNITY FOUNDATION** BRADFORD DISTRICT COMMUNITY FOUNDATION **(A company limited by guarantee)** (A company limited by guarantee) > **Company registration number:** Company registration number: **0** 06852262 **6852262 Charity registration number: 1131588** Charity registration number: 1131588 Trustees’ **Trustees’ Report and Financial Statements** Report and Financial Statements **For the Year Ended** For the Year Ended **31 March** 31 March **2025** 2025 > **Bradford District Community Foundation** Bradford District Community Foundation **Trustees’ Report and Financial Statements for the year ended 31 March 2025** Trustees’ Report and Financial Statements for the year ended 31 March 2025 GIVE BRADFORD ## **Contents** Contents |**Contents **
Contents|| |---|---| ||Page
Page| |Trustees and Professional Advisors
Trustees and Professional Advisors|1
1| |Trustees’ Report
Trustees’ Report|| |Structure, Governance and Management
Structure, Governance and Management|2
-
4
2-4| |Financial Review
Financial Review|5
5| |Statement of Responsibilities
Statement of Responsibilities|6
6| |Independent Examiner’s report
Independent Examiner's report|7
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8
7-8| |Financial Statements
Financial Statements|| |Statement of Financial Activities
Statement of Financial Activities|9
9| |Balance Sheet
Balance Sheet|10
10| |Statement of Cash Flows and Net Debt Analysis
Statement of Cash Flows and Net Debt Analysis|11
11| |Notes to the Financial Statements
NotestotheFinancialStatements|12
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20
12-20| > **Bradford District Community Foundation** Bradford District Community Foundation Trustees’ **Trustees’ Report and Financial Statements for the year ended 31 March 2025** Report and Financial Statements for the year ended 31 March 2025 GIVE BRADFORD ## Trustees **Trustees and** and **Professional** Professional **Advisors** Advisors |**Trustees**
Trustees|Sasha Bhat
(resigned
16
April
202
4
)
Sasha Bhat (resigned 16 April 2024)| |---|---| ||Roohi Sultana Collins
Roohi Sultana Collins| ||Steven Robert Hartley
Steven Robert Hartley| ||Amjid Hussain
Amjid Hussain| ||Lisa
Jane Ja
k
imciw
(appointed 8 April 2025)
LisaJaneJakimciw (appointed 8 April 2025)| ||Sharon
Sarah Frances
Orr
Sharon Sarah Frances Orr| ||Graham Patrick Sweeney (appointed 28 March 2025)
Graham Patrick Sweeney (appointed 28 March 2025)| ||Craig Suttle
-
Burton
(resigned 6
th
November 2024)
Craig Suttle-Burton (resigned 6'° November 2024)| ||Azim Ul Hasan Kidwai
Azim Ul Hasan Kidwai| |**Registered office **
Registered office|c/o Saffery LLP, 10 Wellington Place, Leeds, LS1 4AP
c/o Saffery LLP, 10 Wellington Place, Leeds, LS1 4AP| |**Independent examiner **
Independent examiner|Sally Appleton
Sally Appleton| ||Saffery
LLP
Saffery LLP| ||10 Wellington Place, Leeds, LS1 4AP
10 Wellington Place, Leeds, LS1 4AP| |**Main bankers **
Main bankers|Santander UK plc
Santander UK plc| ||Bootle, Merseyside, L30 4GB
Bootle, Merseyside, L30 4GB| |**Solicitors**
Solicitors|Wrigleys, 3
rd
Floor, 3 Wellington Place, Leeds, LS1 4AP
Wrigleys,3Floor,3WellingtonPlace,Leeds,LS14AP| Page Page **1** 1 > **Bradford District Community Foundation** Bradford District Community Foundation Trustees’ **Trustees’ Report and Financial Statements for the year ended 31 March 2025** Report and Financial Statements for the year ended 31 March 2025 GIVE BRADFORD ## **Structure, governance and management** Structure, governance and management ## **Legal and Administrative details** Legal and Administrative details The The company was incorporated on 19th March 2009 as a company limited by guarantee with registered company company was incorporated on 19th March 2009 as a company limited by guarantee with registered company number number 0 06852262. 6852262. It is a registered charity under the Charities Act 2011, registration number 1131588. The It is a registered charity under the Charities Act 2011, registration number 1131588. The Memorandum and Articles of Association are dated 19th March 2009 and modified by special resolution on 12th July Memorandum and Articles of Association are dated 19th March 2009 and modified by special resolution on 12th July 2009 and 19th January 2021. 2009 and 19th January 2021. > Community Foundation for Leeds (referred to throughout as Leeds Community Foundation or LCF) is the sole member Community Foundation for Leeds (referred to throughout as Leeds Community Foundation or LCF) is the sole member of this company. The principal and registered office is Leeds Community Foundation, of this company. The principal and registered office is Leeds Community Foundation, c/o Saffery LLP, 10 Wellington c/o Saffery LLP, 10 Wellington Place, Leeds, LS1 4AP Place, Leeds, LS1 4AP. . Trustees **Trustees** The The Trustees are appointed by the Board of Trustees. Trustees are appointed by the Board of Trustees. The The Articles of Association allow for a minimum of 3 trustees and a Articles of Association allow for a minimum of 3 trustees and a maximum of 12. LCF, for so long as it is the sole member, shall be entitled at any time by written notice to the Charity to maximum of 12. LCF, for so long as it is the sole member, shall be entitled at any time by written notice to the Charity to appoint and/or remove any person or persons as a Trustee or Trus appoint and/or remove any person or persons as a Trustee or Trustees. tees. > One third (or the number nearest one third) of the Trustees must retire each year, those longest in office since their last One third (or the number nearest one third) of the Trustees must retire each year, those longest in office since their last > appointment retiring first. A retiring Trustee who remains qualified may be reappointed. appointment retiring first. A retiring Trustee who remains qualified may be reappointed. The The Board keeps the skill requirements for the Trustee Body under review. Any recruitment of new Trustees is undertaken Board keeps the skill requirements for the Trustee Body under review. Any recruitment of new Trustees is undertaken by open advertisement and through a dialogue with interested parties. by open advertisement and through a dialogue with interested parties. ## **Meetings** Meetings The The Board of Trustees meet every quarter. At the meetings, the Trustees agree the broad strategy and areas of activity Board of Trustees meet every quarter. At the meetings, the Trustees agree the broad strategy and areas of activity of the Foundation, including ratification of grants that are made and a review of the live risk register. of the Foundation, including ratification of grants that are made and a review of the live risk register. ## **Policies and Procedures adopted for Recruitment, Induction and Training of Trustees** Policies and Procedures adopted for Recruitment, Induction and Training of Trustees The The Board keeps the skill requirements for the Trustee Body under review. Any recruitment of new Trustees is Board keeps the skill requirements for the Trustee Body under review. Any recruitment of new Trustees is undertaken by open advertisement and through a dialogue with interested parties. When an individual expresses an undertaken by open advertisement and through a dialogue with interested parties. When an individual expresses an interest in becoming a Trustee, a interest in becoming a Trustee, an n initial meeting is held with the Chair or Chief Executive. References are sought and initial meeting is held with the Chair or Chief Executive. References are sought and a proposal to appoint a new Trustee is submitted to the Board for approval. Once an appointment has been made, a proposal to appoint a new Trustee is submitted to the Board for approval. Once an appointment has been made, the newly elected Trustee undergoes an induction programme the newly elected Trustee undergoes an induction programme. . The Foundation keeps up to date with key The Foundation keeps up to date with key developments and training is provided to Trustees as required. developments and training is provided to Trustees as required. ## **Staffing** Staffing Steph Ta Steph Taylor ylor is our Chief Executive and previously Strategy and Programmes Director, joining LCF in 2020. is our Chief Executive and previously Strategy and Programmes Director, joining LCF in 2020. Steph Steph brings with her broad experience from her career to date brings with her broad experience from her career to date – - notably with Charities Aid Foundation and in leading notably with Charities Aid Foundation and in leading national and local infrastructure, grant making and delivery charities national and local infrastructure, grant making and delivery charities Bradford District Community Foundation does not directly employ any staff, but benefits from Leeds Community Bradford District Community Foundation does not directly employ any staff, but benefits from Leeds Community Foundation staff being seconded to BDCF. Staff charges are recharged on a quarterly basis at cost value. Foundation staff being seconded to BDCF. Staff charges are recharged on a quarterly basis at cost value. ## Staff team Staff team Details of the staff team can be found on our website Details of the staff team can be found on our website Our Team | Our Team |Bradford Bradford District District Community Foundation Community Foundation ( (givebradford.org.uk) givebradford .org.uk) ## **Plan and Budget** Plan and Budget > A detailed plan and accompanying budget are submitted for approval by the Board of Trustees on an annual basis. A detailed plan and accompanying budget are submitted for approval by the Board of Trustees on an annual basis. Page Page **2** 2 - - - - - - - - - - - - - - - - - - - > **Bradford District Community Foundation** Bradford District Community Foundation GIVE > **Independent Examiner’s Report to the members of Bradford District Community Foundation for the year ended 31 March 2025** IndependentFoundation forExaminer'sthe year endedReport31 to theMarch members2025 of Bradford District Community BRADFORD ## **Independent examiner’s report to the trustees of Bradford District Community** Independent examiner's report to the trustees of Bradford District Community **Foundation** Foundation I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March | report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025 2025. . ## **Respective responsibilities of trustees and examiner** Respective responsibilities of trustees and examiner As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are As the charity's trustees of the 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 responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). (‘the 2006 Act’). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Having satisfied myself that the accounts of the 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 Act and are eligible for independent examination, | report in respect of my examination of your charity's accounts as carried out under sectio carried out under section n 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination, , I have | have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. ## **Basis of independent examiner’s report** Basis of independent examiner’s report Since the charitable company's gross income exceeded £250,000 your examiner must be a member of a body listed Since the charitable company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Charities 2011 Act. I confirm that I am qualified to undertake the examination because I am a in section 145 of the Charities 2011 Act. | confirm that | am qualified to undertake the examination because | am a member of the Institute of Cha member of the Institute of Chartered rtered Accountants in England and Wales (ICAEW), which is one of the listed bodies. Accountants in England and Wales (ICAEW), which is one ofthe listed bodies. My examination was carried out in accordance with the general Directions given by the Charity Commission. An My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and conseque all the evidence that would be required in an audit and consequently ntly no opinion is given as to whether the no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below. accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below. ## **Independent examiner’s statement** Independent examiner’s statement I have completed my examination. I confirm that no matters have come to my attention in connection with the | have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe: examination giving me cause to believe: 1. 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. 2. the accounts do not accord with those records; or the accounts do not accord with those records; or 3. 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than 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 any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or independent examination; or 4. 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of 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 Recommended Practice for accounting and reporting by charities, , applicable to charities preparing their applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (FRS 102). . 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||||| |---|---|---|---| |_______|_______| |12|12|-| |(79)|(79)|156|156| |378|378|222|222| |________|_______| |299|299|378|378| |_ __ ___|_ __ __| **----- End of picture text -----**
_________ _________ _________ > **Bradford District Community Foundation** Bradford District Community Foundation > **Notes to the Financial Statements for the year ended 31 March 2025** Notes to the Financial Statements for the year ended 31 March 2025 GIVE BRADFORD ## **1** 1 **Accounting policies** Accounting policies ## **Basis of preparation** Basis of preparation The The financial statements have been prepared in accordance with the Companies Act 2006 and Charities Act 2011. financial statements have been prepared in accordance with the Companies Act 2006 and Charities Act 2011. The The company has adopted FRS102 and complies with the Statement of Recommended Practice ‘Accounting and company has adopted FRS102 and complies with the Statement of Recommended Practice ‘Accounting and Reporting by Charities’ ( Reporting by Charities’ (effective effective 1 1% st January January 2019). 2019). ## **Going Concern** Going Concern The The Board of Trustees have considered the financial position of the charity, and based on a review of Board of Trustees have considered the financial position of the charity, and based on a review of the the forecast forecast and available funds and available funds, , have have a a reasonable expectation that the charity has adequate resources to continue in reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in the operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in the preparation of the financial statements and annual report. preparation of the financial statements and annual report. ## **Fund accounting policy** Fund accounting policy Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of Unrestricted income funds are general funds that are available for use at the trustees’ discretion in furtherance of the objectives of the Charity. the objectives of the Charity. Restricted funds are those donated for use in a particular area or for specific purposes, Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. the use of which is restricted to that area or purpose. ## **Incoming resources** Incoming resources All incoming resources are included in the Statement of Financial Activities when the Foundation is entitled to the All incoming resources are included in the Statement of Financial Activities when the Foundation is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of in particular categories of income: come: Donations and legacies ~~Donations and legacies~~ - - Voluntary Voluntary income is received by way of donations and gifts (including donations in kind). income is received by way of donations and gifts (including donations in kind). These These amounts are included in full in the Statement of Financial Activities in the year in which they are receivable. amounts are included in full in the Statement of Financial Activities in the year in which they are receivable. Income from membership schemes is recognised Income from membership schemes is recognised in line with the time period to which the membership applies. in line with the time period to which the membership applies. Charitable activities ~~Charitable activities~~ - - Income arising from grants and similar contracts specifically for the provision of grants, Income arising from grants and similar contracts specifically for the provision of grants, activities or services which are provided as part of the charitable activities of the Foundation. Grants to cover activities or services which are provided as part of the charitable activities of the Foundation. Grants to cover Bradford District Community Foundation administr Bradford District Community Foundation administration ation costs are shown as charitable activities within the costs are shown as charitable activities within the unrestricted fund. Grants receivable where the income is related to performance and specific deliverables are unrestricted fund. Grants receivable where the income is related to performance and specific deliverables are accounted for as the Foundation earns the right to consideration by accounted for as the Foundation earns the right to consideration by its performance. Grants where entitlement is its performance. Grants where entitlement is not conditional on the delivery of a specific performance by the Foundation are recognised when the Foundation not conditional on the delivery of a specific performance by the Foundation are recognised when the Foundation becomes unconditionally entitled to the grant. Where grants are received during the year in respect becomes unconditionally entitled to the grant. Where grants are received during the year in respect of future of future periods, the amount of the grant which relates to future periods is deferred and is included within creditors. periods, the amount of the grant which relates to future periods is deferred and is included within creditors. Other trading activities ~~Other trading activities~~ - - Service charges are recognised in full for activities undertaken during the year. Income Service charges are recognised in full for activities undertaken during the year. Income relating to activities taking place in the following year is deferred. relating to activities taking place in the following year is deferred. ## **Resources expended** Resources expended Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and is classified under headings expenditure. All expenditure is accounted for on an accruals basis and is classified under headings that aggregate all that aggregate all costs related to the category. costs related to the category. Page Page **12** 12 |4
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100|-
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(73)|(35)
(35)| |_________|_________| |**434**
434|**333**
333| |**_________**|**_________**| |**52**
**2**
522|**341**
341| |_ __ ___|_ __ ___| |1
1|4
4| |---|---| |_________|_________| |**1**
1|**4**
4| |_ __ ___|_ __ ___| ||_________|_________| |---|---|---| ||**548**
548|**125**
125| ||_________|_________| |Unrestricted Funds:||| |Administration costs
Administration costs|153
153|90
90| |Independent Examiner’s remuneration
Independent Examiner's remuneration|2
2|2
2| ||_________|_________| ||**155**
155|**92**
92| ||**_________**|**_________**| |**Total**
Total|**_________**
**_________**
**703**
**217**
—
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**__ ____** __ ____ __ ____ __ ____ __ ____ __ ____ __ ____ __ ____ __ ____ __ ____ The Bradford Fund Local Access Fund __ ____ __ ____ 2025. |_________|_________|_________| |---|---|---| |**17**
17|**333**
333|**350**
350| |**_________**|**_________**|**_________**| |92
92|125
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(75)|**208**
208|**133**
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(75)|**208**
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158|33
33|191
191| |_________|_________|_________| |**83**
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