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 #166 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 & Tn￿ttt8 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 lo924￿5 . 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¢t￿*IY refe￿ad 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 reS￿nsIble 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 bu81n￿O matter8. A 8cheme of delegatlon18 In place and day4r￿aY re8pon81bllty lor tha prov181on of th• rest wlth thè Chi Executive supported by the Sentor Managernent T￿rn and FlnanGe Officer. The Chlef Executlve18 rn8pon8lble for enBurlng that INCT deliver8 the se￿e&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 Pl￿e, 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 A￿VItIe8 INCT8 Oblectlva8 and Actlvltlw Include.. . Delivering heallh and wellbeing 8ervlces to tackle heallh Inequalille8. • D•v8loplng phy8lcal 8888ts to provkl• locallty￿a8fjd 8orvk08, maklng them acGesBlble to all seGtlon• of thg community. • Bro￿lding employmant and entefPrt8e 8UPPOrt 80rvlc•6, welfaro. and debl advice lo lackle poverty. • Engaging local rolldents, buslne888s, 8o¢lal 0ntwprl￿S, and key 8takaholder8 to eon8uft up¢￿ and Impro SOr￿C£s. Achl•v•ments and P•rfomian¢• Durlng the year, INCT achleved 81gnlficont mlle8tone8 that exemplSfy our commttmont to SUp￿rtIng 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 enabl￿j us to relain a vltal communAty asset and expand our 8UPPQrt to local resid￿rtI. 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 en￿rOnment 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 act￿lY seek wllaborations *ilh other ag8ncl88 in Bradford to provldo added value Se￿1¢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 th￿n 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 ¢ (effectlve January 2015) The Financl81 Statements Were approv￿1 by Ihe Board of Trustees on ..i&.L.1212 ) and $ign8d on Its behalf by: The Mle8 on pages H ltympartof the finan￿￿811￿me￿3 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 ant￿ed to the Incom8 and Ihe amount can be quantir￿d 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 c￿ts 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