Charlty Numb•r 1174417 INSPIRED NEIGHBOURHOODS CHARITABLE TRUST LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 *AEHVVBEH• 2211212025 COMPANIES HOUSE
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Regi8tered Company Number . 10¥24365 (England & Wale8) Company Llmlled By Guarantse
INSPIRED NEIGHBOURHOODS CHARITABLE TRUST LIMITED CONTENTS PAGE Page Legal and Adrnlnlstrative Informatlon Tiuste88 Report Independent Examlne¢8 Report statement of Flnanclal Acthiltles Balance Sheet Note810 the Account8
INSPIRED NEIGHBOURHOODS CHARITABLE TRUST LIMITED LEGAL & ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2020 Incorporated 21stAugust 2017 Compary Llmiied by Guarant88 Reglstsrod Name In8plred Nalghbourhoods ChaTiiable Trust Limlted Rg918t•red Company Numbor 10924366 Rogl8tsr¢d Charlty Number 1174417 Rogloterod Offlc• Wright Walson Enterpri88 Centr8 40 Alblon R¢xd Bradford BD10 9PY DlroGtors & Tnttt8 M A J Brearf8y J Steele J Ahmad T Ahmed S Kou6er (Reslgned 31 August 2025) (Re8lgntrJ 31 Auguet 2025) Bankern NAtWe8t Bank Independenl Examlner Torevell Dent Llmlted 14 St Ann's Place Pellon Lane Halifax HX15RB Page 1
INSPIRED NEIGHBOURHOODS CHARITABLE TRUST UMITED TRU8TEES' REPORT FOR THE YEAR ENDED 31 MARCH 2026 1. structuro, Governance and MAnagomMt Inspired NeighbourtK)ods Charitable Trust (INCT) 18 8 company limited by guarantèe Incorporated on 24th August 2017 with Company number lo9245 . The company was established und8r a M8morandum and Artlcles of AssoclatSon whlch fom) INCT'S 'governlng doGum8nts'. INCT18 8180 a charlty reglster8d on 24 Augu8t 2017 wilh charlty number 1174417 . Acctydlngly. the BoBrd ol Dlrector8 of the cornpany are a180118 tru8tee8 for the purp08e of charlty18Y¢. hmver, throughout thb report they ar8 ¢0118¢tIY refead lo as °Directors". Tho Dlrgctorn; Date Appolnted: Dat• Re8lgned: M A J Brearl J Stee J Ahmad T Ahmed S Kouear 3110112019 3110112019 2010912023 20109r2023 20109r2023 31108r2025 31108r2025 The Boafd of Dlr8ctor818 reSnsIble for the 8lrategk dlrectlon and 80und overall management of INCT. Tha Board of Dlrectorn haB m¢mber3 from a varfety of prof888lonal backorounds and exparf•nca of Health, AB8et Managemenl Community Devek)pment and Economy relevant to INcf6 ethos and work. The Director8 mael about evory 6 to 8 weeks to dSBGu8s and decide upon straleglc and bu81nO matter8. A 8cheme of delegatlon18 In place and day4raY re8pon81bllty lor tha prov181on of th• rest wlth thè Chi Executive supported by the Sentor Managernent Trn and FlnanGe Officer. The Chlef Executlve18 rn8pon8lble for enBurlng that INCT deliver8 the see&S that have been commS88lon•J or furrfled and that key perfomiance indicator8 are met. Bank: NATWEST Bar, 1 Market street, Bradford BD11 EG Accountants: Torevell Dent Ltd, 14 St Ann'8 Ple, Pellon Lane, HalllaK HX15RB. 2. Vl•lon, Ml88lon and Valu08 Inspired Neighbourhood8 Charflable Trust (INCT) Vlslon, Mlsslon ond Values INCT'S vlslon18 to creete prosperous, coh8sNe, and sustalnable places lo live and work where healthy and phy8lcally active rgsldents ènjoy better access to educatk•n, employment, and learning opportunities to enable them lo dream big and achieve great thlngs, Our m1s8ion Is to intera¢1 and work with local communilles lo enable everyone In our communltles to be healthy, prosperou8, and happy. Pagè 2
INSPIRED NEIGHBOURHOODS CHARITABLE TRUST LIMITED TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2026 INCT'S values ar• . Respect . TruBt • Integrity • Passlon • P8rtnernhlp 3. INCT'S ObJecllve8 and AVItIe8 INCT8 Oblectlva8 and Actlvltlw Include.. . Delivering heallh and wellbeing 8ervlces to tackle heallh Inequalille8. • D•v8loplng phy8lcal 8888ts to provkl• localltya8fjd 8orvk08, maklng them acGesBlble to all seGtlon• of thg community. • Brolding employmant and entefPrt8e 8UPPOrt 80rvlc•6, welfaro. and debl advice lo lackle poverty. • Engaging local rolldents, buslne888s, 8o¢lal 0ntwprlS, and key 8takaholder8 to eon8uft up¢ and Impro SOrC£s. Achl•v•ments and P•rfomian¢• Durlng the year, INCT achleved 81gnlficont mlle8tone8 that exemplSfy our commttmont to SUprtIng local communltEe8 and maxbnl8lng tha use of physlcal a88ets for communty benefft. The refurblshment of Guardlan Hou8e, a Grade11118ted bulldlng In Br8dford Cty Centre, has been 8UC¢688lully completed. Thi8 prolect, 8UPPOrted by a sub8tantlal grant of European Fundlng, wa8 deliv8rnd In partnèrnhlp wlth Bradfo Councll and Bradford Dl8trict Care Trus( vtho now sep48 a8 our anchor tenants. INCTS own 8ervice6 are a180 operat5ng from Guardian House, which ha5 reached fuu oexupancy Wbth a mTrx of tenants, ensuring lh8 buildlng Is fulty ut11188d to benallt th8 communlty. In 8ddition, INCT look over th8 m8nagement of the Thornbury Centre followlng Ihe Ilquldation of the charfty that previously oparated it. Through dlligenl efforts, we have restored the centre to full functlonalty and now delver 8 ranga of our 8ervice8 from the slte. Thls management acquisilion ha8 enablj us to relain a vltal communAty asset and expand our 8UPPQrt to local residrtI. By 8ubsldlslng the runnlng costs through income g8n8rated from our 8eNi¢es and prlvate rentals, we have en8uwed th18 important place of community gathering remains acces81ble to the publlc. These achlevements fi80t our dedicatlon to communlty Impact, 8UStain8bility, 8nd Innovatsn In 8ervKg dellv8ry. 6. Fundralslng Policy Gdng forward, it ts clear Ihat the gront-making enrOnment continue3 to be Yery chall6nging. However, wa perslsl In 80eklng fundrai8ing opportunllleslo SUPPOrt both capital work8 at Guardlan HouBe and ravenue lunding to advance our lon and purpos8. Page 3
INSPIRED NEIGHBOURHOODS CHARITABLE TRUST LIMITED TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2026 6. Rolat•d P4rti08 INCT remalns commlttod to worklng In partrwshlp whh Ioc818t8tLrtory and v¢luntsry aganci88 lo avoid duplicatfjon arKI maximi8e v81ue for money for lunder8 and the ¢ommunty al large. We actlY seek wllaborations ilh other ag8ncl88 in Bradford to provldo added value Se1¢8$ to our s6r4lcé u88rs and attr8Ct much ne8d8d inwArd Investment to INCT. 7. R18k Managwnont Tha Board contlnue8 to manage ri8k8 on a regular ba818 to proted the organi8ation and 6eTrice u88rB and maintain8 a rf8k regi8ter, 8. Reserv86 Pollcy The Tru8tée8 have axamlned tha company8 r6qulr6m6nt$ lor reserv88 In llght of the maln 118k8 to Iho organ18ation. . Re8pon8lbllMlo5 of the Dlrectornrrrustoes Comp8ny law requlres Iho dlrectorn to propare financkql statements for each flnancial year that gwve a true and fair vl8W of the 8tate of the affalr6 of th8 mp0ftY as at the balance sheet date and of Ils Incomlng resources ond appll(xtl of r880urce8, Includlng Incom8 and expondiiuro, for tho Ilnandal y•ar. In pr8parlng tho88 financial siatemént8, the Dlrector8 8hould foll¢yw b8st pracllca and: a) Select sullable accounlng pollcles and then apply thn con8iStenlly. b) Make Judgemen18 and e81Smates Ihat are rea80nabl8 and PTudent,' c) Prepare the Ilrkqncial statwnent8 on g golng concem ba818 unle88 tt Is Inapproprlate to 888ume Ihat the company WUI continue on that ba81$. The Dlrectorn are ro8pon61bl8 lor malnlainlng propel ac(x)untlng re¢ord8 thich d18¢108e wllh rea8onabl• accuracy at any tlme INcf8 financlal POBltion. and to enable them to en8ure that the finaKial statements comply with the Companies Act 20. The Dlractor8 are also r8sponsTI )18 for 8afaguarding the assets of th6 company and, hencé, for tsklng rea8onable 8tep8 for the preventlon and detection of fraud and other Irregularitles. In accordance *fjlh company law, as the ¢<MnpanY8 DtOrn, V+P certlfy thaL' a) So far a8 we aro aware ther6 is no relovant Inlomation of which th6 cornpanls accountants are unaware; and b) AS th8 Dlractorn ol Ihe company we have taken all tho steps that ought to have taken In 0er to make ourndv•8 aware of any rolev8nt Inforn)8tkJn and to est8bllsh that the companls acGountants awe aware of that Irrfomiation. 10. AGcountlng Prfnclp168 and Authorl8atlon The Flnand81 Ststements have been prepared In accordance with th¢ Statement of Recommended Practice: SORP (FRS 102) and in accordance wlth the 8peclal provlslcTh of Part 15 of the Companle8 Act 2008 relating to Bmall entib'88. and INcf8 governlng documents. by the dir8ctor8 on ..If.l.Id.If and 8lgnod on Its behalf under delegatad aulhorty by: Appro J Ahmad Page 4
Independent Examlne¢s Report to the Dlrector8 and TruJtee8 of INSPIRED NEIGHBOURHOODS CHARITABLE TRUST LIMITED for the year ended 31 March 2026 I report to the charitl8 tru8tee8 on my examlnatlon of the ac¢oun18 of the TNSI for th8 year anded 318t March 2025 which are 8et out on pages 6 to 9. Respectlve mpon•lbllftl68 and ba818 of tho roport AS the chwws tfustees of the company (and also tts directors for the purpose of the company law) you ar• re8pongible for the preparntlon of the accounts In accordance wth tha rèquiramonts of the Chaiilie8 Act 2011 and the Companle8 Act 2008 Ohe 20[ ACV). Havlng satl8fied rn11 that th8 accounts of the Trust are not required to be audiled urKler Part 16 of the 2008 Act and are ellglble for Independent Examlnatbn, I report In re8pe¢t of my examlnation of your ¢haiiV8 accountB as carrled oul undor sectlon 145 of th8 Charities Act 2011 {Yhe 2011 Acf). In catyn9 Ollt my &xamlnatlon I have folled the dlrectlon8 given by the Charfty Comml881on under seclion 145{5) (b) of the 2011 Act. Indep•nd•nt Examln•e8 8lat•m•nt I confirm Ihal l am qualified to undert81(e the examination because I wn a member of tho As80¢1atlon of Chart8rad Certiried Accountants, thlch Is ono of tha156tod bodlo8. I have completed my examlnatlon, I conflmi that no mattars hava to my attention in connectton wlth tt examlnatlon glvlng me cau8e lo belleve: 1. Aceountlng records were not kept In respact of the TiuBt a8 requlred by 8ectlon 388 of Iho 20( Act; or 2. The aGcount8 do not accord wllh th08e record8; or 3. The account8 do not c¢mply wlth Ihe accountlng rnqulrernent8 of 8eCtlon 398 of the 2006 Act other than any requlrnmenl that lh8 account8 glvo a Irue and falr vlthv whlch18 not a matter consklered a8 part of an Independent examlnatk)n', or 4. The acGount8 have not be8n prepared in accordarKe wtth the method8 and principles of the Statsment of Rec(xnmended Practk8 for 8c¢ountlng 8nd raportlng by charllle8 [applicable to charili8s preparing their accounts in accordance with the Flnancial Reporting Slandard applicable in th8 UK and RepubliG of Ireland {FRS 102)1 I hava no wncem8 arKI have cixne acr5 no other maitern In conn8Ctlon wlth the examlnatk)n to whlch attentlon should be drawn in thi8 rep¢)rt In order to onable a proper understanding of the account8 to be raqched. antha J Sutcliffe F.C.CA Toravo11 Dent Llmlted 14 St Ann's Place Pollon Lane Halllax, HX16RB Page 5
INSPIRED NEIGHBOURHOODS CHARITABLE TRUST LIMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2026 2025 2024 Restrlcted Fundg Unre8trlctod Fund8 Total Fund• Totsl Fund8 Not•s Gr8nt8 Rents Received 5,841 230,825 81,040 81,040 Total 81,040 81,040 236A66 Charltable xtMtle8 othor cogt8 84.439 8,165 84,439 8,165 178,709 8.998 Total . 92,604 92,604 187.707 D•ficlUSurplu8 for th• perlod 111.664) 48,769 Oth•r recognl8ed galns F8lr valuè galn ¢Jn property Not movèrn•nt In funds 111,664) 111,564 48,759 Total fund• brought fDrward 574,861 574.861 526,102 Trnn8f•r b•lw••n fund• {995,159) 995,159 Tot41 funds carrled loard 1420,298 983,595 563.297 574,861 Th8 statement or rinancSal actlvllles In¢ludeB all gainB and loBses in the year. All incorne resources expended d•riv8 from contlnulng activiti68. The notes onp8pJ M fomi partolfh finwKhlstat•m8nts Page 6
INSPIRED NEIGHBOURHOODS CHARITABLE TRUST LIMITED BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2026 Ro8lrlcted Unr•8trlct•d Fund8 Funds 2026 Total Fund8 Totsl Funds Flx•d A83•ts Tangible as8e18 900,000 900,000 Current Assots Cash at bank Debtors 29,240 55 855 29.240 55,855 84,565 Total Curronl A8Mts 86.09 86.095 137,667 Uabllltlo8: 1,500 Total Curr•nt Assets (10,520) 83,696 73.070 109,614 Tolal AB••ts108• Curront Uabllltlo8 (10,520) 983.690 973.075 1,009,614 Llabllttles: Amounts falllng due after on• year (409.778) (409,778) (434,653) Total Not Assets Fund8 Unrestrlcted lund8 Restrtcted fund8 (420,298) 983,595 563,297 574,881 T¢)tal Fund• The company18 8nltl6d lo exempon from audit under SeGtlon 4T1 of the Companie8 Act 2006 for tho yaar endad 31 Mah 2025. The membws have not required the company to obtsln 8n audlt of IV8 finandal statements lor th8 yaar end8d 31 March 2025 In accordance wtth Section 478 ol tha Comp8nle8 Act 2006. The dilOr3 acknOledge thelr respon8lbllltle8 for. a) Ensuring that the Company ke8P6 accountlng record8 whlch c(xnpty wlth Section$ 388 and 387 of tho Companie8 Act 2006 and b} Preparfng financial 8taloment6 whlch glve a true and falr vlew of Ihe 8tate of 8ff8lrs ol the compary as at the end of each flnandal year and of Its profft or Ios8 lor 08ch flnanclal yea¢ In accordan wlth the requlrements of Section 394 and 395 and which olherwise Mmpty wllh the requlrements of the Companie8 Act 2006 relating to financial 8tatement8, 80 far as appllcablo to the company. These financial statements havè b88n prepared In accordance wtth Ihe spedal promslons of Part 15 of the Compani88 Act 2006 relatlng lo small companie8 and wilh the Charili88 SORP (FRS 102> (effectlve January 2015) The Financl81 Statements Were approv1 by Ihe Board of Trustees on ..i&.L.1212 ) and $ign8d on Its behalf by: The Mle8 on pages H ltympartof the finan811me3 Page 7
INSPIRED NEIGHBOURHOODS CHARITABLE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020 1. Accountlng Polleies Ba818 of accountlng The flnancial statements have been prepared under the hlsloTlcal cost conventlon and are In with appllcable 8ccountlng 8tandards, the Ch8rltle8 SORP (FRS 102) and the Chartlle8 Act 2011. Funds held by tho Company Unreslrlcted funds represent funds recelved by the company whlch are avallable to the dlr8ctor8 to apply for the general purposes of th8 company as sel out In Ihe govemlng document. Re8trlcted funds represent fund8 r8C61ved for a speclfic purpose. Incomlng ro8ourc•8 pollcle8 All incoming re8ciurces are included in the statement of ffnanclal actlvltles en Ihe charlty18 legally anted to the Incom8 and Ihe amount can be quantird wlth reasonable accuracy. R•sourc08 expend•d pollcle8 Expendlture Is accounted for on an accruals ba81s and provlslon Is Included In the financlal stslements for all known Ilabllltles at the B8lanL* Sheel date, Irrecoverable VAT18 attached to the 8pecific expen8• Incurred. 2. R•Aourc•8 Exp•nd•d Rogtrlct•d Fund8 Unmstrlctad Fund8 Total Funds 2025 Total Funds 2024 Ch•rttabl& acllvftlo8: Pr(4ect cts Bank Charges L8go1 & Professbn81 Insurance. Managément Charge Repair8 a Maintenance PrintSng, Postage and Stationery P¢)wer, Llght & Heat 282 262 382 419 3,619 45.000 21,300 1,289 108 700 178 709 3,909 5,250 10,941 1,356 3,909 5,250 10,941 Accountancy Logn Intere8t 2,190 2,190 2,600 Page 8
INSPIRED NEIGHBOURHOODS CHARITABLE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2020 3. Flxed A88Ot8 A8at 01 Apr-24 Rovaluatlon Incr•ase Dop'n for ymr 31411ar-26 Tanglblo A880ts:. Guardian Hou88 g00,IY)O g00,IJ)O 900,000 900,000 4. DgbtoY¥ ReBtrl¢tod Unrn8lrlctsd Total 2026 2024 Brndnet Vat rec8lvabl• Trad• D•btoiB 60,CK#) 312 312 65,543 13,092 Llablllll88 duo wlthln on• y•ar R08trfclod Unrn8trfctsd Funds Funds Total 2026. Total 2024 Bank Loans Vat P8y8ble 10.520 10,620 14,658 10,386 3,100 1,500 1,600 12.020 Rostrlct•d Unr•8trlct•d Funds Funds Total 2025 Total 2024 6 Llabllltles duo after ono yoar INCIC INCIC Loan Bank Loan8 221,634 221,634 235,223 188,144 188,144 199,430 409.7T8 434663 6. Tran8aGtlon8 wllh Tru8ts08 No TfU8lee received any payments durlng the yaar. 7. Rovaluatlon of propgrty Durfng the year no properti88 were révalued, { GuardSan Hou88 wa8 revalued In 2022, from £624.308 to £900,000 provlding a revalu8tlon reserve of £275,692). Page 9