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|||||Page||
|---|---|---|---|---|---|
|Chairman's
Report||||||
|Report oftbe|Trustees||2|to|11|
|Report ofthe|Independent|Auditors|12|to|14|
|Consolidated|Statement ofFinancial Activities|||||
|Consolidated|Balance Sheet|||16||
|Balance Sheet||||17||
|Coasolidated|Cash Flow|Statement||18||
|Notes to the Consolidated||Cash Flow Statement||19||
|Notes to tbe Consolidated||Financial Statements|20|to|31|
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||2022|2021|
|---|---|---|
|Grants inade|8502,031|f208,750|
|Investment
income
Donations
from subsidiaries|8145,498
f354,673|t 36,354
f271,168|
|Bank balances|8585,109|81,469,429|
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|Bradford University
Charity Futures Fund||||
|---|---|---|---|
|2022 Committed
instalment||f10,000||
|Further Commitment||f20 000|f30,000|
|Marie Curie Bradford (Charity Number 207994)||||
|2022 Committed
instalment||870,822||
|Further Commitment||674,363||
|Singe Grant||$10000|610,000|
|Martin House Children's
Hospice (Charity Number
2022 Conunitted
instalment|517919)|f60,812||
|Further Commitment||8125 098|f185,910|
|St.Gemma's Hospice (Charity Number 1015941)||||
|2022 Committed
Instalment||866,000||
|Further Commitment||f50000|f116,000|
|Bradford City Disability
(Charity Number 1122310)|||82,000|
|Bradford Food Bank (Charity Number 1126516)|||KI1,600|
|Bradford Hospitals (Charity Number 1061753)|||K5,000|
|Bradford Nightstop
(Charity Number
1159365)
Bradford Soup Run (Charity Number
1001738)|||f34,200
f2,000|
|Bradford Talking Media (Charity Number
1077122)
Cancer Support Yorkshire (Charity Number 519429)|||KI,000
f5,000|
|Candlelighters
(Charity Number
1045077)|||f10,000|
|Daybreak for the Elderley (Charity Number 1133373)
Dogs for Good (Charity Number
1092960)|||K5,000
f4,000|
|Emmaus
(Charity Number
1064470)|||82,000|
|Equality Together (Charity Number 700084)|||K5,000|
|Health Action Local Engagement
(Charity Number|1123542)||81,000|
|Macmillan
Nurses (Charity Number 261017)|||Z5,000|
|One in a Million (Charity Number
1122573)|||618,000|
|PHAB (Charity Number 283931)|||Z2,000|
|Prism Youth Project (Charity Number 523503)|||85,000|
|Ravenscliffe
Community
Association (Charity
Number
1099461)|||85,000|
|Sue Ryder Manorlands
(Charity Number
1052076)|||810,000|
|The Breathing Charity (Charity Number 327033)|||K5,000|
|The Cellar Trust (Charity Number 701982)
The Ear Trust (Charity Number
1000929)|||K5,000
f5,000|
|The Memory Tree (CICNumber 08257864)|||K2,000|
|The Salvation Anny (Charity Number 214779)|||K2,000|
|The Sequal Trust (Charity Number 260119)|||88,321|
||||$502031|
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|||||31.3.22|31.3.21|
|---|---|---|---|---|---|
|||||Unrestricted|Total|
|||||fund|funds|
||||Notes||I|
|INCOME AND ENDOWMENTS FROM||||||
|Donations
and legacies||||1,935,000|2,473,929|
|Other trading
activities
Investinent
income||||364,585
145498|417,275
~38354|
|Total income||||24450113|2929558|
|EXPENDITURE ON||||||
|Raising Funds||||165,146|129,185|
|Charitable
activities||||||
|Grants||||521,219|208,750|
|Other|||||~9800|
|Total expenditure||||686365|347735|
|Net income before gains/losses||on investments||1,758,718|2,581,823|
|Net gains/(losses)
on investments||||~90415|~429 234|
|NET INCOME||||1,849,133|3,011,057|
|Gains/(losses)
on the revaluation||offixed assets||711,250|184,363|
|Taxation charges||||~152955|88 125|
|NET MOVEMENT IN FUNDS||||2,713,338|3,107,295|
|RECONCILIATION|OF FUNDS|||||
|Total funds brought forward||||10,165,089|7,057,794|
|TOTAL FUNDS CARRIED FORWARD||||12 878,427|10,165,089|
##
||n|1 n eSheet|||
|---|---|---|---|---|
|||31March 2022|||
||||31.3.22|31.3.21|
||||Unrestricted|Total|
||||fund|funds|
||Notes||||
|FIXEDASSETS|||||
|Investments||13|11,741,839|9,128,300|
|CURRENT ASSETS|||||
|Debtors||14|1,046,271|104,515|
|Cash at bank|||585,109|1,469,429|
|NET CURRENT ASSETS|||1,631,380|1,573,944|
|CREDITORS|||||
|Amounts
falling due within one year||15|(396,656)|(309,838)|
|NKT CURRENT ASSETS|||1234724|1264106|
|TOTAL ASSETSLESSCURRENT|||||
|LIABILITIES|||12,976,563|10,392,406|
|CREDITORS|||||
|Amounts
falling due after more than one year||16|(98,136)|(74,363)|
|PROVISION FORLIABILITIES||17||(152,954)|
|NET ASSETS|||12878427|1~ 165 D89|
|FUNDS||18|||
|Unrestricted
funds|||12 878,427|1D,165080|
|TOTALFUNDS|||12878427|10165089|
##
##
||Balance Sheet|||
|---|---|---|---|
|||31.3.22|31.3.21|
|||Unrestricted|Total|
|||fund|funds|
||Notes|8||
|FIXEDASSETS||||
|Investments|13|10,688,359|9,649,805|
|CURRENT ASSETS||||
|Debtors|14|990,000||
|Cash at bank||199,456|119,439|
|NET CURRENT ASSETS||1,189,456|119,439|
|CREDITORS||||
|Amounts
falling due within one year|15|(243,942)|(82,822)|
|NET CURRENT ASSETS||945 514|36 617|
|TOTAL ASSETSLESSCURRENT||||
|LIABILITIES||11,633,873|9,686,422|
|CREDITORS||||
|Amounts
falling due after more than one year|16|(98,136)|(74,363)|
|NET ASSETS||11535737|9612059|
|FUNDS|18|||
|Unrestricted
funds||11,535 737|9,612,059|
|TOTAL FUNDS||11535737|9612059|
||||The Har|The Har|tb Ma|Fo|ndation||
|---|---|---|---|---|---|---|---|---|
||||n|li|h|Flow|tatement||
|||||||M|r h 2022||
||||||||31.3.22|31.3.21|
||||Notes||||||
|Cash flows from operating|activities||||||||
|Cash generated
froin operations|||||||782,053|2,257,534|
|Tax paid|||||||||
|Net cash provided by operating||activities|||||~782 053|~2257,534|
|Cash flows from investing|activities||||||||
|Purchase offixed asset investments|||||||(3,673,337)|(2,713,323)|
|Sale offixed asset investinents
Investment
income received|||||||1,861,466
~145498|413,650
~31898|
|Net cash (nsed in)/provided|by|investing|activities||||1 666 373|~267775)|
|Change in cash and cash equivalents|||in the||||||
|reporting
period|||||||(884,320)|(10,241)|
|Cash and cash equivalents|at|the beginning|||||||
|ofthe reporting
period|||||||~1469429|~1479670|
|Cash and cash equivalents|at|the end|ofthe||||||
|reporting
period|||||||~585 109|~1469429|
##
##
||||Notes to the Consolidated
Cash Flow Statement
for the
ear ended 31March 2022|Notes to the Consolidated
Cash Flow Statement
for the
ear ended 31March 2022|Notes to the Consolidated
Cash Flow Statement
for the
ear ended 31March 2022|Notes to the Consolidated
Cash Flow Statement
for the
ear ended 31March 2022|
|---|---|---|---|---|---|---|
||RECONCILIATION||OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES||||
||||||31.3.22|31.3.21|
||Net income for the reporting|||period (as per the Statement ofFinancial|||
||Activities)||||2,560,383|3,195,420|
||Adjustments
for:||||||
||Losses/(Gains)
on investments||||283,773|(280,765)|
||(Gains) on investment||properties||(711,250)|(184,363)|
||Profit on disposal ofinvestments||||(374,190)|(148,469)|
||Investment
income||||(145,498)|(38,354)|
||Increase in debtors||||(941,756)|(11,293)|
||Increase/(Decrease)|in|creditors||110,591|~274 442|
||Net cash provided|by|operations||~782053|~2257 504|
|2.|ANALYSIS OF CHANGES IN NET FUNDS||||||
|||||At 1.4.21|Cash flow|At 31.3.22|
||Net cash||||||
||Cash at bank|||1,469,429|884320|~585 109|
|||||1,469,429|884320|~585 109|
||Total|||1469,429|884320|~585 109|
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|DONATIO|NS|AND LEGACIES|||
|---|---|---|---|---|
||||31.3.22|31.3.21|
||||I||
|Donations|and|legacies|1,935,000|2,473,929|
##
##
##
|||31.3.22|31.3.21|
|---|---|---|---|
||Property letting|~364 585|~417275|
|4.|INVESTMENT INCOME|||
|||31.3.22|31.3.21|
||Income from listed investments|1~45 498|~38 354|
|S.|CHARITABLE ACTIVITIES COSTS|||
||||Grant|
||||funding of|
||||activities|
||||(seenote|
||||6)|
||||~502 031|
##
##
|6.|GRANTS PAYABL|E||||||
|---|---|---|---|---|---|---|---|
||||||31.3.22|31.3.21||
||Grants||||~502 031|~208 750||
||The total grants paid|to institutions||during the year was as follows:|31.3.22|31.3.21||
||The Ear Trust||||5,000|||
||Sue Ryder, Manorlands||||10,000||60,000|
||Marie Curie||||10,000||60,000|
||Bradford Nightstop||||34,200|||
||Bradford Hospitals||||5,000|||
||Daybreak||||5,000||5,000|
||Emmaus||||2,000|||
||Cancer Support Yorkshire||||5,000|||
||Bradford Soup Run||||2,000||1,000|
||The Sequel Trust||||8,321|||
||Bradford City Disability||||2,000||1,000|
||Bradford FoodBank||||11,600||8,000|
||Health Action Local|Engagement|||1,000||1,000|
||Panathlon||||||750|
||Ravenscliffe
Cornrnunity||Association||5,000||10,000|
||The Cellar Trust||||5,000||10,000|
||Prism Youth Project||||5,000||10,000|
||Equality Together||||5,000||10,000|
||The Salvation Anny||||2,000||1,000|
||St.Gemmas||||185,910||1,000|
||Martin House||||116,000||1,000|
||Bradford Talking Media||||1,000||1,000|
||The Breathing
Chanty||||5,000||5,000|
||Dogs for Good||||4,000||4,000|
||Hainworth
Community||Centre||||1,000|
||Candlelighters||||10,000||16,000|
||One in aMillion||||18,000||1,000|
||National Literacy Trust||||||1,000|
||Macmillan
Nurses||||5,000|||
||PHAB||||2,000|||
||Bradford University|Futures Fund|||30,000|||
||The Memory Tree||||~2000|||
||||||~502 031|~208 750||
|7.|RAISING FUNDS|||||||
||||||31.3.22|31.3.21||
||Investment
management||fees||34,279|||
||Property cost||||159567
165 146|59
~59|216
16|
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##
|SUPPORT COSTS||||
|---|---|---|---|
|Governance
cost||31.3.22|31.3.21|
|Investment
management|fee|34,279||
|Grants||19,188|9,800|
|||53 467|9 800|
|Governance
costs||31.3.22|31.3.21|
|Auditors fee||2,100|3,000|
|Accountancy Fee||3,420|600|
|Investment
Management|Fee|34,279||
|Management
Fee||5,000|5,000|
|Office overheads||8 668|1200|
|||53 467|9 800|
|NET INCOME/(EXPENDITURE)||||
|Net income/(expenditure)|is stated after charging/(crediting):|||
|||31.3.22|31.3.21|
||||f.|
|Auditors'
remuneration||12,100|3,000|
|Surplus
in disposal offixed assets||374190|148469|
##
##
##
##
##
|FIXEDASSETINVESTMENTS||||
|---|---|---|---|
||Investment|Fixed asset||
|Consolidated|properties
I|investments
6|Totals|
|MARKET VALUE||||
|At 1 April 2021|4,825,200|4,303,100|9,128,300|
|Additions|145,000|3,537,420|3,682,420|
|Disposals
Revaluations|711258|(1,496,356)
~283775|(1,496,356)
427475|
|At 31March 2022|~5,681 450|~6060389|~11741 839|
|NET BOOK VALUE||||
|At 31March 2022|~5681450|~6060389|~11 741 839|
|At 31March 2021|4,825,200|4,303,100|9,128,300|
|and the directors. Ifthe inveslment
|properties
had not been revalue|d,
they would ha|ve been included|atf3,644,424|
|---|---|---|---|---|
|Charity|Shares in||||
||Group|Investment|Fixed assets||
||Undertakings|properties|investment|Totals|
|MARKET VALUE|8||||
|At 1 April 2021|6,538,370||3,111,435|9,649,805|
|Additions||145,000|1,522,330|1,667,330|
|Disposals
Revaluations||30,000|(641,653)
~37 123|(641,653)
12,877|
|At 31 March 2022|||||
|NET BOOKVALUE|||||
|At 31March 2022|6538 370|~175|||
|At 31 March 2021|||||
##
##
|DEBTORS:AMOUNTS FAL|LING DUE WITHIN ONE YEAR|LING DUE WITHIN ONE YEAR|||
|---|---|---|---|---|
||Consolidated||Charity||
||31.3.22|31.3.21|31.3.22|31.3.21|
|||f|||
|Trade debtors|17,957|35,652|||
|Other debtors
Prepayments|1,013,454
~14860|13,432
~55431|990,000||
||~1046271|~104515|~990 000||
##
|CREDITORS: AMOUNTS FALLIN|G DUE WITHIN ONE YEAR|G DUE WITHIN ONE YEAR|||
|---|---|---|---|---|
||Consolidated||Charity||
||31.03.22|31.3.21|31.03.22|31.3.21|
|Other Creditors|3,925|39,064|5,805||
|Other taxes and social society
Accrued expenses|20,254
372,477|34,040
~236 734|~238 137|~82 822|
||~396656|~309838|~243 942|~82 822|
##
|CREDITORS: AMOUNTS FALLING DUE|AFTER MORE THAN ONE|AFTER MORE THAN ONE|YEAR|YEAR|
|---|---|---|---|---|
||Consolidated||Charity||
||31.03.22|31.3.21|31.03.22|31.3.21|
|Accrued expenses|98 136|74363|~98 136|~74 363|
||~98 136|~74 363|~98 136|~74 363|
|17.
PROVISIONS FORLIABILITIES|||||
||||Consolidation||
||||31.3.22|31.3.21|
|Deferred tax|||||
|Gains on investments||||~152 954|
|Consolidated|||||
|||||Deferred|
|||||tax|
|Balance at 1 April 2021||||152,954|
|Movement
on gains||||152,954|
|Balance at 31March 2022|||||
##
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##
##
|MOVEMEN|T|IN FUNDS|||||
|---|---|---|---|---|---|---|
||||||Net||
|Consolidated|||||movement|At|
|||||At 1.4.21|in funds|31.3.22|
|Unrestricted||funds|||||
|General fund||||8,577,299|2,118,052|10,695,351|
|Revaluation|reserve|||1,587,790|595,286|2,183,076|
|TOTAL FUNDS||||~10 165089|~2713338|12878,427|
|Net movement||in funds, included|in the above are as follows:||||
||||Incoming|Resources|Gains and|Movement|
||||resources|expended|losses|in funds|
||||||6||
|Unrestricted||funds|||||
|General fund|||2,445,083|(695,513)|368,482|2,118,052|
|Revaluation|reserve|||162,103|433,183|595,286|
|TOTAL FUNDS|||2445683|~533436|8D1665|2713338|
|Charity|||||Net
movement|At|
|||||At 1.4.21|in funds|31.3.22|
|Unrestricted||funds|||||
|General fund||||9,336,226|1,910,801|11,247,027|
|Revaluation|reserve|||275,833|12,877|288,710|
|TOTAL FUNDS||||~9612059|~1923678|~II 535737|
|Net movement||in funds, included|in the above are as follows:||||
||||Incoming|Resources|Gains and|Movement|
||||resources|expended|losses|in funds|
|||||6|||
|Unrestricted||funds|||||
|General fund|||2,356,193|(541,240)|95,848|1,910,801|
|Revaluation|reserve||||12,877|12,877|
|TOTAL FUNDS|||~2356 193|~541240)|108,725|I 923678|
||||Page 27||||
##
##
##
|Consolidated|||||movement|At|
|---|---|---|---|---|---|---|
|||||At 1.4.20|in funds|31.3.21|
|Unrestricted||funds|||||
|General fund||||5,985,130|2,592,169|8,577,299|
|Revaluation|reserve|||1,072,664|515,126|1,587,790|
|TOTAL FUNDS||||~7057794|~3107295|~10 165089|
|Net movement||in funds, included|in the above are as follows:||||
||||Incoming|Resources|Gains and|Movement|
||||resources|expended|losses|in funds|
||||f,|6||f,|
|Unrestricted||funds|||||
|General fund|||2,929,558|(485,858)|148,469|2,592,169|
|Revaluation|reserve|||49,998|465,128|515,126|
|TOTAL FUNDS|||~2929558|~435.860|513597|3107295|
|Charity|||||Net||
||||||movetnent|At|
|||||At 1.4.20|in funds|31.3.21|
|Unrestricted||funds|||||
|General fund||||6,935,169|2,401,057|9,336,226|
|Revaluation|reserve|||(45,425)|321,258|275,833|
|TOTAL FUNDS||||~6889744|~2722 315|~9612059|
|Net movement||in I'unds, included|in the above are as foBows:||||
||||Incoming|Resources|Gains and|Movement|
||||resources|expended|losses|in funds|
||||||f,||
|Unrestricted||funds|||||
|General fund|||2,757,904|(218,550)||2,539,354|
|Revaluation|reserve||||182,961|182,961|
|TOTAL FUNDS|||2,757,904|(218,550)|182,961|2,722,315|
##
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##
##
##
##
|Consolidated|||||
|---|---|---|---|---|
||||Net||
||||movement|At|
|||At 1.4.20|in funds|31.3.22|
|Unrestricted|funds||||
|General fund||5,985,130|4,710,221|10,695,351|
|Revaluation|reserve|1,072,664|1,110,412|2,183,076|
|TOTALFUNDS||~7057794|~5820 633|~12 878 427|
|||Inconung|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
|Unrestricted|funds|||||
|General fund||5,384,641|(1,191,371)|516,951|4,710,221|
|Revaluation|reserve||212,101|898,311|1,110,412|
|TOTAL FUNDS||~5384641|~969,270)|~1415,262|5,820,633|
|Charity||||||
|||||Net||
|||||movement|At|
||||At 1.4.20|in funds|31.3.22|
|Unrestricted|funds|||||
|General fund|||6,935,169|4,311,858|11,247,027|
|Revaluation|reserve||(45,425)|334,135|288,710|
|TOTAL FUNDS|||~6889,744|~4645 993|~11 535737|
##
##
##
|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
|Unrestricted|funds|||||
|General fund||5,114,097|(759,790)|(42,449)|4,311,858|
|Revaluation|reserve|||334,135|334,135|
|TOTALIIUNDS||5114997|~759799|291656|4645995|
##
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##
|||||Holmfirth|Blenheim|
|---|---|---|---|---|---|
|||||Properties|House|
|||||Limited|Properties|
||||||(Bradford)|
||||||Limited|
|Company
Number||||01041624|00670117|
|Tulllovef||||91,605|267,950|
|Cost ofsales||||||
|Gross Profit||||91,605|267,950|
|Other expenses||||(79,596)|(65,529)|
|Other operating
income||||56,378|27,630|
|Realised gains||||270,618|3,760|
|Unrealised
gains/|(losses)|||(250,944)|669,506|
|Tax on profit on ordinary|||activities|||
|Profit on ordinary|acfivities after tax|||88,061|903,317|
|Qualifying
charitable||donation||25,319|329,354|
|Retained profit for|the|period||62,742|573,963|
|Tangible fixed assets||||3,108,182|4,147,418|
|Net current assets||||127,093|162,117|
|Provisions||||||
|Net Assets||||3,235,275|4,309,535|
|Share Capital||||1,000|100|
|Other Reserves||||613,787|1,280,581|
|Profit and loss account||||2,620,488|3,365,104|
|Shareholder's
funds||||3,235,275|4,645,785|