Charity Number 1174417 INSPIRED NEIGHBOURHOODS CHARITABLE TRUST LIMITED Report and Accounts for the year ended 31 March 2021 Reglstered Company Number: 10924365 (England & Wales Company Llmlted By Guarantee IIIIMIIIII "A4KIXOIY* 2411212021 COMPANIES H¢JJSE A12
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INSPIRED NEIGHBOURHOODS CHARITABLE TRUST LIMITED CONTENTS PAGE Page Legal an¢J.Administratr¥e Infomiation Truslees Rewl Independent EXaminS Reptyl ststement of Financial Acti¥e$ Balance Sheet Notes to Ihe Accounts
INSPIRED NEIGHBOURHOODS CHARITABLE TRUST LIMITED LEGAL & ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2021 Incorporated 21st Augusl 2017 Ccrfnpany L¥nited by Guarantee Regi$t•r•d Nam& InSred Neighbourhoods Charitable Trust Limited Registered Cofflpany Number 10924365 R•gi5tsr•d Charity Numb•r 1174417 R•gister¢d Offi¢e Wright Watson Enterise Cent 40 biOn Road 8010 9PY Directors & Trustees A Bashir M A J Breailey Z Hussain Lmai J Steele Bankers Nalwest Bank Indep•nd•nt Examiner TOve11 Oent 'MIted 1-3 Sl Ann's Hace Petlon Lane Halrfax HX1 5RB Page I
INSPIRED NEIGHBOURHOODS CHARITABLE TRUST LIMITED TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2021 l. Strurture. Govefnan¢e and Management Inspired Neighbourhoods Charitable Trust IINcf) is a company limited by guarantee incorporated on 24th August 2017 wrfih company number 10924365. The company was established under a Memorandum and Articles of Association which form INCT'S "governing documents~. INCT is also a charity registered on 24 August 2017 wtth chartty number 1174417 . Accordingly, the Board of Directors of the company a also its trustees for the purpose of charity law- however. throughout this report they are collectively referred to as"Directors". The Dirertors: Name: Start Date: A Bashir R Dewedi 21 August 2017 21 August 2017 6 February 2019 31 January 2019 31 January 2019 31 January 2019 L Mairs I Steele M Brearley Z Hussain The Board of Directors is responsible for the strategic direction and sound overall management of INCT. The Board of Directors has members from a variety of professional background5 and experience of Health. Asset Management. Community Development and Economy relevant to INcf's ethos and Work. The Directors meet about every 6 to 8 weeks to discuss and decide upon strategic and business matters. A scheme of delegation is in place and day-to-day responsibility for the provision of the seryices rest with the Chief Executive supported by the Senior Management Team and Finance Officer. The Chief Executive is responsible for ensuring that IN delNers the services that have been commissioned or funded and that key performance indicator5 are met. Bank: NATWEST Bank. 1 Mathet Street. Bradtord BD1 1EG Accountants: Torevdl Dent Ltd. 1-3 St Ann's Place. Pellon Lane. Halitsx. HX1 5RB. Pa9e 2
INSPIRED NEIGHBOURHOODS CHARITABLE TRUST LIMITED TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2021 2. INcf'$ W151on, Ml$4on and Values INcf's Ylslon is to: To create prosperous, cohesive and 5UStairtable places to live and work where healthy and phy5icalty active residents enjoy better access to education. employment and learning opportunities to enable them to dream bg and achieve great things. INcf's mission is to: Interact and work with local communrties io enable everyone in our communities to be healthy, prosperous and happy. INCT'S ¥alues are Respect Trusi Integrity Passion Partnership 3. INcfs Objectives and Acliwlties • IN will deliver mental wellbein8 and physical health services to tackle health inequalities. IN will develop physical assets to provide locality based services making them accessible to all sections ot ihe community. INCT will deliver employment and enterprise support services- welfare and debt advise to tackle poverty. INCT will engage local residents, businesse5, 50cial enterprises and key stakeholders to consult upon and improve services. 4. A¢hlevements and Performance INCT has secured a substantial grant of Euopean Funding to undertake refufbishment to a grade 2 listed building in Bradford City Centre- Guardian House (old Registry Office). The works have now been completed in partnership with Bradford Council and Bradford Care Trust. who have agreed to become an anchor tenant at the property- We have atso secured other tenants and are confident of letting all spaces available in due course. 5. Fundralsing Policy During this year we have received and spent a European grant to enable refurbishment of Guardian House. We also received a grant from Architectural Heritage Fun<J and some emergency COVID grant5 during the year. Furthermore, we have recently secured a large grant to deliver mental heatth help from Leeds Hosprtal Charities Foundation. Going forward, it is clear that the grant-making environment continues to be very difficult, but we continue to look for fundraising opportunities so that capital works can be carried out at Guardian House as well as revenue funding to support our vision and purpose. Page 3
INSPIRED NEIGHBOURHOODS CHARITABLE TRUST LIMITED TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2021 6. Relatèd Parties IN remains committed as always to work in partnership with k>cal ststutory and voluntary agencie5. as thi5 aviMd5 duplitation and maximises value for money for funder5 and the commvrtity at large. We *ek partnership with other agencies in 8radford to prowde adde(I value service5 to our servite users and bring much needed inward investment to INCT. 7. Risk Management The Board continue5 to manage risk5 on a regular basis to protect the organisation and sefwce users and maintains a risk register. 8. Reserves Pollcy The Trustees have examined the companvs requirements for reserves in light of the main risk5 to the eompany. 9. Responsibilities of the Dlre¢torsifrust•es Cofnpany law require5 the director5 to prepare financial statements for each financial year which 8ive a true and fair wew of the state of the affairs of the company as at the balance Sheet date and of its incomin8 resourres and application of resourtes. including in¢ome and expenditure. for the financial year. In preparing those financial $teMents. the Directors should follow best prartice and.. al Select suitable accounting policie5 and then aPV them consistentlv.. bl Make judgements and estimates that are reasonable and prudent; cl Prepare the financial statements on a Boing concern ba515 unle55 It 15 inappropriate t assume that the tompany will continue on that basis. The Directors are rèsponsible for maintainin8 proper accounting records which disclose with reasonable accuracy at any tiffle INcfs financial positi¢)n, and to enable them to ensure that the financial 5tstements ¢omply with the Companies Art 2006. The Directors are also responsible for safe8uarding the assets of the company and, hence. f¢Y taking reasonable steps for the prevention and dètection of fraud and other irregularbtie In accordance wilh company law, as the companTrKs Directors, we certify that.. al So far as we are aware there is no relevant information of which the companrfs accountanis are unaware; and bl As the Directors of the company we have tsken all ihe steps that we ou8ht to have taken in order to make ourselves aware of any relevant infOrmat)n and to establish that the company's accountants #re aware of that information. 10. A¢countin8 Principles and Authorisation The Financial Statements have been prepared in accordance with the Staternent of Recommended Practice.. SORP IFRS 1021 and in accordance with the special provbsions of Part IS of ihe Companies Act 2006 relating to small entities. and INCT'S governing documents. by edir ors on 16 December 2021 ar signed on bts behalf under delegated authority by.. Abid ashir Chairperson Page 4
Independent Examiner's Report to the Directors and Trustees of Inspired Neighbourhoods Charitable Trust Limited for the year ended 31 March 2021 I report to the charity'5 trustees on my examination of the accounts of the Trust for the year ended 31st March 2021 which are set out on pages 6 to 9. Res ¢ctiv¢ res nsibilitie5 and basis of the re As the charity's trustees of the cornpany {and also it5 directors for the purpose of the company lawl you are responsible for the preparation of the accounts in accordance wrth the requirements of the Charities Act 2011 and the Companies Aci 2¢)061'the 2006 Act'l. Having satisfied myseff that the accounts of the Trust are not qUIred to be audited under Part 16 of the 26 Act and are eligible for Independeni ExaMinatn, I report in respect of mv examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 A¢t'l. In carrying out my examination I have followed the directns given by the Charity Commission under section 145151 Ibl of the 2011 Act. Independent Examlnrf's Statement I confirm that l am ou3lified to undertake the examination because l am 3 member of the ssociation of Charrered Certified Accountants. which is oTre of the listed dieS. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe= l. Ac¢ountin8 records wefe not kept in respect of the Trust as required by section 386 ofthe 2006 Att. or 2. The accounts do not accord wrth 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 a5 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 accoLsnting and reporting by charitie5 lapplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireband IFRS 10211 I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in thts report in order to enable a proper understanding of the accounLI to be reached. anlha J Sutcliff• F.C.C. Torèvtll Dent Llmited 1-3 St Ann's Plac• Pellon Lane Halilax. HX15RB Date.. Pa9e 5
INSPIRED NEIGHBOURHOODS CHARITABLE TRUST LIMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021 2021 2020 Restrid Funds Unrestrict•d Funds Total Funds Total Funds Incom?: Grant5 Covid Grants recaN8d 208.058 9.626 208.058 9,626 7.880 Total 217.684 217,684 7.880 Ex nditur•: Charilable activities Cther costs 14.515 2.319 14.515 2.319 25 6(K) Total 16.834 16,834 625 Surplus for the period 200.850 200.850 7,255 Total funds brought forward 7.255 7.255 Total fund$ ¢#rried fonw•rd 208.105 208.105 7.255 The statement of financial acts.vil includes all gains afKt losse5 in the year. Al income resou¢$ expgndgd derive from continuing aclivibes. Page 6
INSPIRED NEIGHBOURHOODS CHARITABLE TRUST LIMITED BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2021 2021 Total FuDd$ 2020 Total Fund$ R•strKted Unr¢strict•d Funds Funds Noles Fixed Assets Tangible assets 624.308 624.308 192.157 Currmt Ass•ts Cash al bank Debtors 31 38,418 1,688 1.688 Total Current Assets 1.688 38.449 Liabllltl•s: Am¢xJnls falling due w¢thin one Total Curreftt Ass•ts 2,617 2,617 600 1929) {929) 37.849 Total As59ts l•$$ Curr•nt Liabili¢i•s 623,379 623.379 230.006 L•abilities: Amounts falling due after one yEar 141S.2741 (415.2741 1222.7511 Total Net Assets 208.105 208.10S 7.255 Funds Unrestricted funds Reslricled funds 208.105 208.105 7.255 Total Funds 208,105 208,105 7,255 The company is entiued to eXeMptn from audit under Section 477 of the Companies A¢1 2006 fcf the year ended 31 March 2021. The member5 have not rèquired the company to obtain an aLJrt of it's financial statements for the year ended 31 March 2020 in accordance with Secb"w 476 of the CpanIeS kl 2006. The directors a¢knowlecJge Ih'r responsibile$ f. al Ensuring that the company keeps accountirtrg rec(xds wthich cOmY &clw)n$ 386 and 387 of tho Companies Act 2006 and bl Preparing financial stalements which give a true and fair view of Ihe state of affair5 of the company a5 at the end of each financial year and of ils profit or loss for each financial year in accordance wth the requirements of Se¢b"on 394 and 395 and which otherwise the reqUireMts of the Cornpanies Act 2006 rdaling lo financial statements. so far as applicable to the ctynpany. These financral statements have been prepared in accor(1an wth the special provisits of Pan 15 of Ihe Companies Act 2006 reLating to small companies and with the Charib'es SORP IFRS 102) leffective January 2015) The Fina behal ial Ststements apwove<l by the Board ofTrustees .. and signed on its d 8ashir Chairporson Page 7
INSPIRED NEIGHBOURHOODS CHARITABLE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accounting Policies 8a$s$ of a¢¢ounting The finanual ststements have been prepared under the htstorical cost convtion and are in aOrdance applicable auntIng standards. the Charl1 SORP {FRS 102) and the charits Acl 2011. Funds held by the Company Unrestricted funds present funds received by the companyt•thich are a¥lable to directors to apply for the general purposes of the company as sel out in the go¥emg d¢xument. Reslrictsd funds repsent fvnds received for a specffic purpose. Incomlng r•sourc•s polici•s All incoming resources are induded in the ststement of financial activiiies when the charity is legally entilled.lo the income and the amount can be quatrfJ with lea$Lable ac¢LJrècy. R8sources •xpend•d policies Expenditure is accounted for on an accruals basis and pYovision.i$ in¢hJded in the fffiancial slalements for all known liabilities al Ihe Balance Sheet date. Irrecoverable VAT is attached lo the spe¢ifi¢ expenso IUrred. Resources Expended Restricted Funds Unrestricted Funds Total Funds 2021 Tot•1 Fund$ 2020 Charitablo a¢tivi¢i¢s: Bank Charges Legal & Profesgonal Insurance Telephone & Internet Power, Light & Heat 5,5SY) 300 2,605 1.515 4,505 14,515 2.605 1.515 4.5 14515 5,590 Olh•r: Accountancy Loan Interest 600 1,719 2.319 1,719 2.319 600 Page 8
INSPIRED NEIGHBOURHOODS CHARITABLE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Fixed Assets Asat 31-Mar-21 01-Apr-20 Addltions lor year Tan8ible Assetss:. Property & Refurbishment 192,157 432.151 624,308 192.157 431151 624.308 The addr(ion includes the purchase of Guardian House which. as reflected within the tinancwl record5, was purchased during the year ended 31 March 2021. Due to a delay in the submission of documentation by the 501icitor th transfer ts not noted at the Land Registry until the financial year ending 31 March 2022. Debtors Restri¢tod Unr¢stricted Fund$ Fund$ Total 2021 Total 2020 Vat RefLnd due 1,688 38.418 1.688 1,688 38.418 Liabilities. due within one year R•stricl•d Unrestricted Funds Funds Total 2020 2021 Bank Overdraft Accruals 1.417 1.21x1 1.417 1.200 2.617 2.617 Restrict•d Unrestricted Totsl 2021 Total 2020 6 Li•b41ilies, due after on• year INCIC BRADNET INCIC Loan Bank Loan 98,154 8,220 98.154 8,220 50.000 258,900 164,531 8,220 So.0 258, 415,274 415.274 222.751 6. Transadions with Trustees No Truslee received any payTrents during the #r. Page g