Bradford Under-Fives Association
Charity number 1167014
Annual Report and Financial Statements
for the year ended 31 March 2023
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Group's logo
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Bradford Under-Fives Association
Annual Report and Financial Statements for the year ended 31 March 2023
| Contents | Page |
|---|---|
| Trustees' report | 2 to 4 |
| Receipts and payments account | 5 |
| Statement of assets and liabilities | 6 |
| Notes to the accounts | 7 to 8 |
Prepared by West Yorkshire Community Accountancy Service CIO
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Bradford Under-Fives Association
Trustees' report for the year ended 31 March 2023
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
Doreen Williams Chair Sally Griffin Treasurer Jeni Lynch Secretary Charity number 1167014 Registered in England and Wales
Charity number
Registered and principal address
Bankers
Mayfield Centre Unity Trust Bank plc Broadway Avenue PO Box 7193 Bradford Planetary Road BD5 9NP Willenhall WV1 9DG
Accountants
West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
Structure, governance and management
The charity is a Charitable Incorporated Organisation (CIO) association formed on 10 May 2016 and is governed by a constitution.
Method of recruitment and appointment of trustees
The trustees of the charity are appointed by the members at the AGM.
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Bradford Under-Fives Association
Trustees' report (continued) for the year ended 31 March 2023
Objectives and activities
The charity's objects
To advance the development and education of children under statutory school age within the area of the City of Bradford and its neighbourhood for the public benefit, by providing in particular but not exclusively, a support service to the managers, leaders, practitioners or volunteers working in non-domestic group settings for children under five years old.
The charity's main activities
Delivered support, training and projects to Toddler groups as they reopened post COVID and resources to families in voluntary, maintained and school sector toddler groups around home safety, sensory, baby play. Speech and language support and signposting to appropriate agencies to parents for babies and toddlers born in lockdown.
Public benefit statement
In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular the advancement of education.
Achievements and performance
The last financial year has been really challenging for the organisation.
The loss of council funding meant that for the first time in our history, we have had to look for external funders so that we could keep doing our valuable work with groups and the families who attend them. We developed a new business plan to help us set out our targets for the year.
I am pleased to report that we have been successful in receiving funding from a number of external agencies this year. While we were thrilled about this, we also recognise that looking for and filling in funding bids is an ongoing piece of work, and Susan has spent a significant amount of time on this during the last year.
We can report that a lot of groups have still not reopened since the pandemic. However we have kept in touch with them and offered support as much as we have been able to. We have also supported some new groups as well. We are not up to the same capacity as we were before the pandemic and can report that membership’s numbers are still below the pre pandemic level.
Leanne offered targeted supported to groups as they reopened and delivered some projects as well. Leanne left us in December for pastures new.
In February we welcomed our new toddler worker Sanya. Sanya has made a good start and has been out in the community introducing herself to our groups before the term ended.
Susan continues to work on the organisation’s media presence, and we now have a Twitter platform to add to our social media networks. In addition to this we now offer a blog on our website, which Susan keeps updated.
Susan has continued the work to establish and reignite partnerships with external agencies, attending meetings and trainings, which will be of benefit to the groups and families.
I would like to thank our dedicated staff and volunteers for all their hard work over the last year.
Financial review
The net payments for the year were £31,652, including net payments of £31,668 on unrestricted funds and net receipts of £16 on restricted funds.
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Bradford Under-Fives Association
Trustees' report (continued) for the year ended 31 March 2023
Reserves policy
The charity's free reserves, at the year end were £50,486.
It is the charity’s policy to hold six months running costs based on the current rates of salary, rent and insurance costs, whilst maintaining current staffing hours and office space. This level of reserves will be reviewed on an annual basis and/or in the light of changes to our commitments.
We are aware that current reserves are significantly higher than the stated reserves policy, however these will be used if we are unable to gain funding from grants we have applied for.
Approved by the board of trustees on 11/07/2023
Mrs Doreen Williams (Trustee)
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Bradford Under-Fives Association
Receipts and payments account for the year ended 31 March 2023
| Notes 2023 Unrestricted funds £ Receipts Grants and donations (2) 5 Contract income - Bulk buy shop income 311 Member subscriptions 235 Bank interest 413 Total receipts 964 Payments Salaries NI and pensions 21,556 Payroll charges 288 Training services - Travel expenses 421 Office expenses and telephone 2,012 Rent and rates 2,856 Insurance 675 Bulk buy shop purchases 229 Equipment and resources 805 Independent examination 456 Bookkeeping 750 Bank charges 72 Trustee travel expenses 132 Website design - Consultancy 1,050 IT equipment 1,330 Total payments 32,632 Net receipts / (payments) (31,668) Fund balances brought forward 82,154 Fund balances carried forward (3) 50,486 |
2023 Restricted funds £ 13,250 - - - - 13,250 10,500 - - - - 1,500 100 - 74 - - - - 1,060 - - 13,234 16 1,787 1,803 |
2023 Total funds £ 13,255 - 311 235 413 14,214 32,056 288 - 421 2,012 4,356 775 229 879 456 750 72 132 1,060 1,050 1,330 45,866 (31,652) 83,941 52,289 |
2022 Total funds £ 1,810 22,666 181 265 760 25,682 32,494 414 650 394 1,650 4,566 775 314 774 576 283 72 - 750 1,092 - 44,804 (19,122) 103,063 83,941 |
|---|---|---|---|
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Bradford Under-Fives Association Statement of assets and liabilities
| as at 31 March 2023 2023 Unrestricted £ Cash funds Cash at bank 50,467 Cash in hand 19 Total cash funds 50,486 Debtors and prepayments Prepayments Monetary assets Shop stock Assets retained for the charity's own use Three laptops Three desktop computers One photocopier Liabilities Accruals Other creditors |
2023 Restricted £ 1,803 - 1,803 |
2023 Total £ 52,270 19 52,289 2023 £ 423 423 2023 £ 1,043 1,043 2023 £ 627 3 627 |
2022 Total £ 83,919 22 83,941 |
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The financial statements were approved by the board of trustees on 11/07/2023
Mrs Doreen Williams (Trustee)
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Bradford Under-Fives Association
Notes to the accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of accounting
The trustees have taken advantage of section 133 of the Charities Act 2011 and have prepared the accounts on a receipts and payments basis.
There has been no change to the accounting policies since last year.
No changes have been made to the accounts for previous years.
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.
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.
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Bradford Under-Fives Association
Notes to the accounts continued
for the year ended 31 March 2023
| 2 Grants and donations Bradford Metropolitan District Council (BMDC) Give Bradford Sir George Martin Trust National Lottery - Awards for All (AfA) Other donations 3 Restricted funds Balance b/f £ Bradford Parent & Toddler Assoc. 527 BMDC Early Years 200 BMDC 1,060 Give Bradford Microgrant - Sir George Martin Trust - National Lottery AFA - 1,787 |
2023 Unrestricted funds £ - - - - 5 5 Incoming £ - - - 2,250 2,250 8,750 13,250 |
2023 Restricted funds £ - 2,250 2,250 8,750 - 13,250 Outgoing £ 74 - 1,060 2,250 2,250 7,600 13,234 |
2023 Total funds £ - 2,250 2,250 8,750 5 13,255 Transfers £ - - - - - - - |
2022 Total funds £ 1,810 - - - - 1,810 Balance c/f £ 453 200 - - - 1,150 1,803 |
|---|---|---|---|---|
Purpose of restriction
Fund name Purpose of restriction Bradford Parent & Toddler Assoc. To fund toddler projects to benefit member groups BMDC Early Years To support Parent and Toddler groups across Bradford BMDC To refresh the branding and a new website Give Bradford Microgrant For building organisational resilience Sir George Martin Trust Towards core costs, in particular salaries National Lottery AFA Towards core costs
4 Related party transactions
Trustee expenses
No trustee received any expenses during this year or the previous year.
Trustee remuneration and benefits
No trustee received any remuneration or benefit during this or the previous year.
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