Charity Numb¢r 1174417 INSPIRED NEIGHBOURHOODS CHARITABLE TRUST LIMITED R•port and Accounts for the year ended 31 March 2022 Raglstered C¢xnpany NUmr. 10924365 {England & Wales) Company Limited By Guarantee ABJFL41A 2211212022 COMPANIES HOUSE A03
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INgIRED NEIGH8OURHOODS CHARITABLE TRUST LIMITED coNrENTS PAGE Pag• Legal and A{knlStrative Infomati Tnjstees Report Independent Examinerfs Report Stalernent of Financial ktswties Balance Sheet Notes to the Arxounts
INfjpiRED NEIGHBOURHOODS CHARITABLE TRUST LIMITED LEts & ADMINISTRATIVE INFORMATION FoRfHE YEAR ENDED 31 MARCH 2022 In¢0010d 21st Augus12017 Company Limiied by Guarantee Regirtered Narne Inspired Nesghbwrhoods Charifable Trust Limited Reg4tered C*)mpany Number 10924365 R8gl$t8r•d Charity Number 1174417 Reglsiered Office Wright Walson Enterwise Centre 40 AILMon Road Bradforil B010 9PY Directors & Trust•es A Bashir R Dewedi M A J Brearky Z Hussain L Mairs J Stee Rewgned 31st May 2022 Resigned 24th Nowber 2021 Secretary N a$hI Bankers Nalwest Bank Independent Examiner Torevell Dent Limf(ed 1-3 St Ann's Place Pemon Lane Halrfax HX1 5RB Page 1
IN&IRED NEIGHBOURHOODS CHARITABLE TRUST LIMITED TRLJITEES. RepoRT Foft THE YEAR ENDED 31 MARCH 20Z2 1. Structure. Governance and Management Inspired Neighbourhoods Charitatle Trust {INCT) is a company limited by guarantee incorporated on 24th August 2017 th Lyjmpany number 10924365 . The company was established under a Memorandum and Ajlides of Asso¢iats¢n which form INCTS 'goveming documents". INGT is also a tharity r8gisl&red on 24 August 2017 with charity number 1174417 . AGGordingly, the Board of Direclors of the company are also ils trustees for the purpose of eh8rity law., however. thrDughout this report they are collectsvely referred to as"Directors'. The Directors: Namè: Date Appolrfed: Ile Reslgned: A 8ashir R Dewedi L Maws J steele M 8rearley Z Hussain 21 August 2017 21 August 2017 6 Felyuary 2019 31 January 2019 31 January 2019 31 January 2019 31 May 2022 24 November 2021 The Board of Oirectors is responsible for the strategic direction and sound overall management ol INCT. The Board of Directors has members from a variety of professK)nal background5 and experience of Health. Asset Management. Community Development and Economy ielevanl lo INCT'S ethos and work. The Directors meet about every 6 to B ¥5 to discuss and decid8 uFon strategic and business matte. A scheme of delegation is in place and day-l[daY r8sponsibilty for the provision of the services rest with the Chief Executive supp(wied by Ihe Senior Management Team and Finance Officer. The Chief Executive is responsible for ensuring that INCT delNers Ihe services Ihat have been Gommissioned or funded and that key perfonnwKe iThJieat(ws are mel. Bank= NATWEST Bank. 1 Market Street. Bradf(Kd BD1 1 EG AG¢ovntantTorevell Dent Ltd, 14 Sl Ann's Place. per Lane. Hafax. HX1 5RB. 2. INCT'$ Wislon. Mlssion and Values INcfs vision is to: To ueale prosperous. cohesive and sustainable places to live and work *there heafthy and phygcally aclwe residents enjoy better access to education, emplonent and leaming opwjrlunities to enable them lo dream big and athieve greal thin. Pag¢ 2
INIRED NEIGHBOURHOODS CHARITABLE TRUST LIMITED TRLIITEES. REPORT FOR THE YEAR ENDED 31 MARCH 2022 INGTrs mission is to". Inl8ficl and work with local communilies to enable everyone in our communities io be heatihy. prosperous and happy. INCTrs values ar• Respe¢t Trvst Integrity Passion Partnership 3. INcfs Objectives and ktivitSes INCT wll delNer menlal wellbeing and physical health seThices to lackle heath inequalities. . INCT will develop physical assets lo prowde locality based service5 making them xcessible lo all secb'ons of the community. INcf wll deliver employment and enterprise support SeThiS. welfare and debt adwse to tackle povety. INCT Nvill engage local sIdentS. businesses. social enterprises and key stakehohJérs to consuli upon and improve seNces. 4. Achievements and Perfomian¢e INCT has successfully compleled refurtyshment to Guardian House a grade 2 listed buihdkng and secured a slatulory body as a tenant. We have also started rents'ng other rooms for training and small Conferen purposes. While we remain financially viabl8, we do need to upgrade Guardlan House healing. fire alarm system and car parks. We are searthing for suitable grants to enable us to th this for ewgy efficiency and lo control costs. We are delivering mental wellbeing and physical health seNces. ¥th substanlialty iicreased relerrals that Is resulting in pressure on our on resources. S. FundFaislng Pollcy During the year we have received and Spent a Ewopean grant lo enable refuth'shment of Guardian House. We also reIVed a grant from Architectural Heritage Fvnd. Disabled Facilib'es Grants and some emergency COVID grants during the year. Furthem)0. we have recenuy secured a large grant lo deliver menlal h8aiih help from Comic Relief. Going loard, it 15 clear that Ihe granl-making emironmenl continues to be very d5fficult. but we conlinue to look for fundraising cpportunilies so thal Ca1 works can be carried out at Guardian House as as revenue fwding to SUPFK*i our vision and purpose. 6. Related Parties INCT remains committed as atways lo work in partnership th local stsiutory and voluntary agencies. a5 thi5 avoids duplication and maximi5es value for mrTry for funders and the coMUnitY at large. Page 3
INSPIRED NEIGHBOURHOODS CHARITABLE TRUST LIMITED TRU8TEES' REPORT FOF fHE YEAR ENDED 31 MARCH 2022 We seek partnership Oiher agencies in Bradlord to Fxovide added value services to Cmjr sere users and bring mu¢h needed inwrdrd investrnent to INCT. 7. Filik Management The Board continues lo manage risks on a regular basis to role the organisabon and service users and rnaintsins a risk register. 8. Reserves Pollcy The Trustees have exanwned the compan$ requirements for reserves in IwJhl of the main risks lo the company. 9. Responslbilities of Ihe Dire¢toTsrrrustees The Directors maIn committed and have prepared financial statements that gfve a true and fair VEW ol the Stale of the affairs of the company as at the balance sheet date and of its incoming resources and application of resources. induding inc•Jme and expenditure. for the financial year. In preparing those finanaal statements, the Direciors shoutd follow best praclice and: al Select suitable accounting policies and then appty them con5iStenltr. bl Make judgefflents and eslimales that are reasable and wudenL c) Prepare the financial statements on a going concem basis unless it is inapwopiiate lo assume that the company continue on Ihat basis. The Directors are responsible for maintaining proper accounting records which disd058 wth reasonable accuracy at any lime INcfs financial position. and lo enab them to ensure that the fin8ncial ststemen15 comply the CPan$ A¢l 2006. The Director5 are also responsible for safegvarding the assels of Ihe company and. hence. for tskir¥J reasonable 51&ps for the prevention and delection of fraud artd other irregularities. In accordance wth company law. as the ¢ompanYs Th'rector5. we Gertty that: al So far as we are aware there is no leVant Infation of which the cOmpanS accountants are unaware.. and bl As the Directors of the company have taken an the steps that we ought to have taken in ¢yder to make ourselves aware of any relevant infomialron and lo establish that Ihe compansls accountants are aware of that Infoation. 10. Accountlng Prlnciples and Authorisation The Financial Slalemenls have been prepared in act¢? ¥*iih the Slatement of Recommended Practice.. SORP IFRS 102) and in accordan with Ihe special provision5 Qf Part 15 of the Companies Act 2Q06 relating to srnall entities. and INCT'S goveming documents. Approved by the directors on 10ecember 2022 arKI Signed on ts behaff under delegaled authority by. Lucy Malrs Chair Page 4
Inoebendent Examlnerfs Report to the Dlrectors and Trustees of InspId Neighbourhoods Charitabl• Trust Limited for the year ended 31 March 2022 I rePQt to the charrtgs Iwstees on my examination of the accounts ofthe Twst for th8 year ended 31st March 2022 vthich are sel out pages 6 10 9. Re•&Gtlv• ¥esponslbilities and basls of the rnport As fho charitys tnjstees of the company land also its directcS the purpose of the comp8ny13wl you ale responsible for the preparath)n of the accounts in accordance with the requjrements of the Ch8riles Act 2011 and the Companies Ad 2006 Clhe 2006 Acf). Havi satisfied myself that Ihe accounts of the Trust are not Uired to be audited under Part 16 of the 2006 Act and are eligible f Independent Examinalion. I report in resped of my examnation of your charivs accx>unls as carried Lxhi urmaer sects.on 145 of the Charities Acl 2011 I'the 2011 Act.). In carrying out my examination I have folloEd the direcbons given by the Charity Cornmisslon under seclron 14515) Ibl ol the 2011 Acl. Indendent Examlnerfs Statem•nl I wnfym that l am qualified to undertake the exarninalion because l am a member of the Association of Chartered Certs"fied Accountants. which is one of the listed bodie5. I have completed my exwrinalion. I cLrfimi that no matters have come to my attention In connection with Ihe examination gbving MÈ rau5e to bleve. 1. Accounb"ng recdS were not kept in re5pecl of the Tru51 as required by sectton 386 of the 2006 Act.. or 2. The accounts do accord *ilh those reciyds.. or 3. The accounts do not CoMY the ac¢wnting reqUireMts of sectim 396 ofthe 2006 Act other than any requiremenl trt the acxounts give a Inje and fair whith is not a matter considered as part of 8n independ8nl examination., 4. The 8cc(xJnls have not been wepared in accordance Wrth Ihe melhcxts and pnnciples of Ihe Statement of Recommended PraGlice acc•Junting 8nd reporting by th8ri1ies lapplicable to charihes preparing their accounts in accordance ¥&ith the Financial RetIng Standard apr1leab in the UK and Republic of Ireland IFRS 102)] I have no concems and have come across no other matters in connection the exarnination to which attention should drawn in this pOrt in Lyder lo enable a proper understanding of the accwtts to be reached. amantha J Sutc F.C.C. Torevell Dent Llmlled 14 Sl Ann's Place Pollon Lan• Hallfax, HX1 SRB Date.. 1 D¢wnber 2022 Page 5
INSPIRED NEIGHBOURHOODS CHARITABLE TRUST LIMITED STATEMENT OF FINANCIAL ACTWMES FofiTHE YEAR ENDED 31 MARCH 2022 2022 2021 Re$tricW Fvnds Unrestri£t*d Fund6 Total Funds Total Fund$ Not•s Incom¢'. Grart4 Renls Recerved Covid Grants r¢¢¢ive(I 85.687 85.687 208,05B 44,409 9,626 Total 130.096 130.096 217,684 Ex enditure-. Charitable 8ctivth.es Olhei cost5 67.042 1,335 67.042 1.335 14,515 2.319 Total 68.377 .377 16.834 Surplu5 for Ihe perlod 61.719 61,719 200,850 Other T¢¢•onised qaln$ Fair value gain on propety 275.692 275.692 Net rno¥•m•rt in fvnds 337.411 337.411 200.850 Total fvnd5 brought forward .105 208.105 7.255 Tot•1 fvnds carrl•d fon¥•rd $45.516 545,516 208.105 The Statement of finxnual ¥ctNibes inchjdes all gains &)d losses in the yEar. All income roscTc¢S expended derfve from continuing aCtIv"e$. Page 6
INSPIRED NEIGHBOURHOODS CHARITABLE TRUST LIMITED BALhlcE SHEET FOR ThE YEAR ENDED 31 MARCH 2022 2022 Total Fund5 2021 Total Funds Rgstrkt•d Unr95tr1ct•d Fvnds Funds Not•5 FOx•d 45•ts Tangits assets Curr¢trll Ass•ts Cash Slbwk Debtors 9.0($ 624.308 64.867 64.867 1.688 Total Gjrrent Asset• Llabiilts5'. Arn15 faling the within ()e Tffjal OJrr•nt A65ets 64867 1.688 1.58B 2.617 03.279 63,279 19291 T)t•l Assets Currvnt LlablWti•s 963.279 9fj3.279 623.379 Llabillle$'. Amounls laming thjo aftev year (417.763) 1417.763) 1415,274) Tol•1 Asgets 545.516 545.516 208,105 Funds unres10 fvnds Restricted lund5 54S,516 S45.S16 208.105 Total Funds $4S516 54S516 Xl8.lOS The company ts 8rt.tled lo exerrptbjn fr(rn Se¢kn 477 of tre C(mp¥wes Act 21MJ6 for iha ytar erKled 31 March 2022. The mwnbets have not requir•J the companyio rtjlain * audrt ol <.$ financial Slaiements for Ihe ethjed 31 March 2022 in arx¢Ydonce wtlh SeC1k 476 01 the Ccrnpanies Act 20C6. dIred0 ad(n(w4 thr resrnnsibilrtles for. al Ensuring Ihat Ihe company keeps aCC4wnling rectS whKh comwlh Se(kn 386 387 of the Corrynies Act 2006 and b} Prcpuring finanaal Jotorncnl- which gwo o truo and fair olthg tf3to ol affèir5 orthe company as at qnfl ()f each finanoal ye8r and of its profit or k)ss for eath IlnatsJal year in aC[danCe tha r8wir8ment$ of Section 394 and 395 and which CIhJ1$e c(mpty wih requiremenls ofthg Companies Act 2006 rdating lo fmanual slatements. so far as applicaue to ihe ccryany. These hrncial statemerts have been Kxepared in aCCC¥dar wrfh the vaal provisions of Part 15 of Ihe COM Ad 2006 relab.ng tts srnall companie5 8nd wilh Ihe chorib.es SORP IFRS 1021 leffectNe Jarnjary 2015) The Financial Statements were aFSWV4ed by Boanj d Trusiee$ ¢m 1 Ducerniw 2022 and swwj on its behall by. Lucy MBirs Chalr Pw7
ItySPIRED NEIGHBOURHOODS CHARITABLE TRUST LIMITED NQTES TO THE FINANCIAL STATEMEwrs FQR THE YEAR ENDED 31 MARCH 2022 AG¢ounting Pollcles Basis of accountlng The financi31 statements have been prepared under the historical cosl conventbtin and are In accordance with applicable accounting standards. the Charities SORP {FRS 102) and the Charitie5 Act 2011. Funds held by the Company UnrestrTcled funds represent funds received by the company Mthich are 8vailable to the directors to apply for the general puws of the company as set ¢yJi in the goveming document. Restricted ldS represent funds received for a specrfic pwpose. Incomlng resour$ pollcies All incoming resources are induded in the slaiement of financial actiwtse5 when the charty 15 legally entided lo the ir*come and the amount can be quantified with reaswable ac¢uracy. Resources expended pollcles Expenditure is accounted for on an accruals basis and prowsion is included in the financial ststemenls for 811 knovm liabilities at the Balance Sheet date. Irrec0ble VAT 15 attached to the Specif expense incurred. R•sources Exp•nd•d Reslilctad Urnistricted Ful$ Fund5 Totsl Funds 2022 Total Fund5 2021 clItable aetiviiles: Project Costs 8ank Charges Legal & Professional Insuran¢e Telephone & Intemgl Repairs & Maintenanc8 Power. Ughl & Heat 35.025 5,638 418 4.316 5.590 300 2.605 1.515 418 4.316 2.606 19,039 32,017 19,039 4.505 14,515 other: Accountsn¢y Loan knterest 6LKI 1.719 2.319 6rxi 1.719 2,319 735 1,335 Page 8
IN£PIRED NEIGHBOURHOODS CHARITABLE TRUST LIMITED NOIES TO THE FINANCIAL STATEMENTS {CONTINUEDI Foft THE YEAR ENDED 31 MARCH 2022 Fixed Ass•ts Asat 01-W-21 R•valuatlon Increase Dep'n for year Asat 31.Mar-22 Tangible Assèts:. Guardian House 624,308 275.692 900,000 624,308 275.692 900.000 D•btors Re5trict•d UrwE5trieted Fund5 Funds Total 2021 2022 V* Refund due 1,688 Li•bilitie$. du• Twlthln on• year Restrlct•d Unrestrlcl Funds Funds Total 2022 Tol•l 2021 Bwk Overdraft Vat Payab Accfuals 1.417 388 1200 1,200 1.588 2.617 R•strlcted Unrèstricted Total 2022 Tot•1 2021 6 Uabllhl•s, du¢ aft•r one year INCIC BRADNET INCIC Loan 8ank Loan 124.086 124,086 98.154 8.220 50,000 258.90D 50,¢)00 243,677 243.677 417.763 417,763 418274 6. Transa¢Von¥ wlth Trustees No Truslee received any payments the ypar. 7. R•valuation of propgrty During the year Ihe prDpwty Guardran Hc¥Js8 has Tevalued from £624.308 to £900.0 proding revaluab'on mseMI 01 £275,692. Page 9