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Charity number 1183008
Marshfield Odsal Bankfoot Enterprise Unaudited Report and Financial Statements for the year ended 31 March
2022
Contents Page
Page 1 to 3 The report of the Trustees Page 4 Report of the Independent Examiner to the Trustees Page 5 to 6 Statement of Financial Activities Page 7 Balance Sheet Page 8 to 10 Notes to the Accounts Page 11 Schedule to the Statement of Financial Activities
Registered Office
Unit 1,Ripley’s Centre, Bradford, BD5 7JW
Marshfield Odsal Bankfoot Enterprise The report of the trustees
The trustees present their report and accounts for the year ended 31 March 2022
.
Name, registered office and constitution of the organisation
The full name of the unincorporated charity is Marshfield Odsal Bankfoot Enterprise (MOBE).
The non-profit organisation was formed on: 01/08/2017 The organisation is a registered charity. Number 1183008 Registered 17/04/2019
The registered office is: Unit 1, Ripley’s Centre, Bradford, BD5 7JW The telephone number is: 07886251858 Email: lorraine19526@gmail.com
The Objects of the organisation and how it is attempting to achieve the objectives
The charity is governed by a written constitution in which its objects are set out . The objectives and restrictions in the activities of the charity imposed by its governing documents are:
1) To promote the benefit of the inhabitants of Caribbean people of Bradford and surrounding neighbourhood Yorkshire (hereinafter called the area of benefit) without distinction of race, sex, political, religious or other opinions by associating with the local authorities, voluntary organisations and inhabitants in a common form to advance education and to provide facilities in the interest of social welfare for recreation and leisure time occupation with the object of improving the conditions of life for the said inhabitants.
2) To establish or to secure the establishment of a community building and to maintain and manage or to co-operate with the local statutory authority in the maintenances and management of such a centre for the activities promoted by the GROUP/ORGANISATION and its constituent bodies in the furtherance of the above objectives and to hold necessary land or property on behalf of the centre. 3) The relief of poverty, and the protection of good health, both mental and physical of young people between the ages of 16 and 29 years in the area of benefit who are homeless, by the provision of accommodation, and by assisting to secure long-term accommodation and training? 4) Promote the health and wellbeing through exercise, nutrition, and dietary education; for the residents of the area and to work together as a community, irrespective of age, sex, ethnicity, ability, religion or political view’s. Developing resources and frameworks to promote volunteering opportunities to increase capacity building in said community.
Objectives achieved in the year, a review of activities and significant changes and developments and plans for the future
The board of trustees are satisfied with the performance of the organisation during the year and the position at 31st March 2022 and consider that the charity is in a strong position to continue its activities during the coming year, and that the charity's assets are adequate to fulfil its obligations. The particular ways in which objectives have been achieved are describe below
1
Achievement of objects and review of objectives
The charity has achieved its objective of continuing to highlight the importance of suppporting the local black communities in regards to health and education by:
-
Addressing the under performance of education in youths.
-
Encouraging activities and delivering food to the poorer members of the community.
-
Carried out information sessions on benefits and legal matters.
-
Continued to operate "drop in information centre" for the local community.
Significant changes and developments and plans for the future
Important developments during the period included the support from local community.
The charity will continue to support the community and children who require education and help improve their environment through various activities advocated by the Charity.
The organisational structure and how decisions are made
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. The charity constituted by the Trust Deed dated August 2017
Trustees meet regularly (the intention is quarterly) to discuss and plan objectives and implementation thereof. Matters of general concern are raised with all members.
Method of election of the members of the board of trustees
The members, who are Trustees are elected and co-opted for a term of three years Trust Deed .Berresford Lewis, Leon Paul Oakley, Lincoln Dalkeith Anderson, and Marcia Lorraine Reid
Details of related parties and transactions with related parties
There were no such transactions (see notes to accounts) and there were no other related parties.
Transactions and Financial position
The financial accounts are set out on pages 6 to 11. The financial statements have been prepared implementing the Charities Act 2011 issued by the Charity Commission for England and Wales and in accordance with the Financial Reporting Standard 102 (Charities SORP). The trustees consider the financial performance by the organisation during the year has been satisfactory.
The Statement of Financial Activities show net outgoing resources for the year of a revenue expenditure nature of £63.087 (expenses) and net realised incoming resources of a £88,780 (income). The total reserves at the year end is stated in the Balance Sheet £27,407 (accumulated funds c/f).
Availability and adequacy of assets of each of the funds
The board of trustees is satisfied that the organisation's assets are available and adequate to fulfil its obligations
Policies on reserves, investment policies and investment performance
The trustees have resolved to establish reserves to provide for future activities, and the trustees estimate the reserves shall cover any emergency for three to six months.
2
The grant making policies
The intention is to utilise the income from the funds to make grants and donations to various charities and causes known to the Trustees or in respect of which Trustees may receive specific applications. In certain cases capital sums may be distributed as well to good causes.
The major risks to which the organisation is exposed and reviews and systems to mitigate risks
The organisation is exposed to risks involved in fundraising because its activities are supported by the local community, grants and donations. There are no investment risks.
1. Financial
The organisation is open to the usual financial risks of any organisation, and it has introduced controls to minimise these risks, such as two signatures being required for payments from the bank account. In addition, the accounts are regularly explained to members of the charity and are open for member's inspection at any time.
2. Other
Work with the public is open to risks . The policy is that visits and counselling is done in pairs or groups. New applications are vetted and any problems discussed .
Legal Status
The organisation is an unincorporated charity governed by a written constitution adopted by its members. There are restrictions in the way it is governed and operates.
The members of the Board of Trustees during the year ended were:
Berresford Lewis, Leon Paul Oakley, Lincoln Dalkeith Anderson, and Marcia Lorraine Reid
We wish to thank all committee members and staff team who served the charity during the year.
Bankers
Natwest Bank Unity Trust
Independent Examiners under the Charities Act and
details of their qualifications
Shahbaz Munir (FCCA) Adam & Co Accountancy Ltd Chartered Certified Accountants
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. The trustees are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements, the trustees are required to:
- Select suitable accounting policies and then apply them consistently;
3
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make judgements and estimates that are reasonable and prudent;
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observe the methods and principles in the Charities SORP;
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state whether applicable accounting standards and statements of recommended practice havebeen followed, subject to any departures disclosed and explained in the financial statements;
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Prepare the financial statements on the going concern basis unless it is inappropriate topresume that the organisation will continue to operate.
The trustees are also responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the organisation and which enable them to acertain the financial position of the organisation and enable them to ensure that the financial statements comply with the requirements of applicable law and regulations (Charities Act 2011 and SORP). They are also responsible for safeguarding the assets of the organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the provisions in the Charities Act 2011 and SORP applicable to charities subject to the small entities regime.
This report was approved by the board of trustees on …................
Berresford Lewis, Leon Paul Oakley, Lincoln Dalkeith Anderson, and Marcia Lorraine Reid
Marshfield Odsal Bankfoot Enterprise Independent Examiner's Report
Report of the Independent Examiner to the Trustees on the accounts of the Charity for the year ended 31 March 2022
Respective responsibilities of trustees and examiner
The trustees (who are also the administrators of the charity for the purposes of charity law) are responsible for the preparation of the accounts.
The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records.
It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters.
4
The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent Examiner's Statement
In connection with my examination, no matter has come to my attention to indicate that:
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•accounting records have not been kept in accordance with Charities Act 2011
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•the accounts do not accord with such records:
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•where accounts are prepared on an accruals basis, whether they fail to comply with relevant accounting requirements and, or are not consistent with the Charities SORP (FRS102)
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•any matter which the examiner believes should be drawn to the attention of the reader to gain a proper understanding of the accounts.
Mr Shahbaz Munir (FCCA)
Adam & Co Accountancy Ltd Chartered Certified Accountants
This report was approved by the Independent Examiner on…............…....................
Marshfield Odsal Bankfoot Enterprise Statement of Financial Activities for the year ended 31 March 2022
Charity number 1183008
| Unrestrict | Restricted | Total | Prior | ||||||
|---|---|---|---|---|---|---|---|---|---|
| ed | Period | ||||||||
| Funds | Funds | Funds | Total | ||||||
| Funds | |||||||||
| 20 | |||||||||
| Notes | 22 | 2022 | 2022 | 2021 | |||||
| £ | £ | £ | £ | ||||||
| Incoming Resources | |||||||||
| Grants,Legacies and Donations | 88,780 | 2,975 | |||||||
| 88,780 | |||||||||
| Total Incoming Resources | 2,975 | 88,780 | 88,7 | ||||||
| 80 | |||||||||
| Less: Costs of raising and generating funds | (33,1 | (994)Support | |||||||
| costs of activities- | (33,197) | 97) | |||||||
| (5,6 | |||||||||
| Net Incoming Resources available for | (5,652) | 52) | |||||||
| charitable applications | A | 1,981 | 49,931 | 49,9 | |||||
| Less: Resources expended | 31 | ||||||||
| Management and administration of the | (24,23 | ||||||||
| charity | 4) | (24,238) | (3,843) | ||||||
| Total Resources expended | B | (24,238) | (24,238) | (3,8 | |||||
| 43) | |||||||||
| Net Incoming Resources before Transfers ( ie Total A minus Total B |
C ) |
25,693 | 25,693 | (1,8 62) |
|||||
| Gross Transfers between funds :- | 13 | - | - | - | - | ||||
| Net Incoming Resources before | |||||||||
| revaluations and investment | asset | ||||||||
| disposals | 25,693 | 25,693 | (1,8 62) |
||||||
| Net Movement in funds (defcit)/surplus | 25,693 | 25,693 | (1,8 62) |
||||||
| 3,57 | |||||||||
| 5 | 1,714 | 1,714 | 6 | ||||||
| 27,407 | 27,407 | 1,7 | |||||||
| 14 |
Total funds brought forward (previous years) Total funds carried forward years)
(current
The net movement in funds referred to above is the net incoming resources as defined in the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Marshfield Odsal Bankfoot Enterprise Charity number Statement of Financial 1183008 Activities for the year ended 31 March 2022
| Statement of Total Recognised Gains and | ||
|---|---|---|
| Losses for the year ended 31 March 2022 | ||
| 2022 | 20 | |
| 21 | ||
| £ | £ | |
| Excess of Expenditure over income before realisation of assets | 25,693 | (1,8 |
| 62) | ||
| Net Movement in funds before taxation | 25,693 | (1,8 |
| 62) | ||
| Commissioners for England & Wales and is reconciled to the total funds as shown in the Balance Sheet | ||
| as required by the said Statement. |
All activities derive from continuing operations
The notes and schedule to the Statement of Financial Activities on pages 8 to 11 form an integral part of these accounts
There were no recognised gains or losses for the year or the prior year that are not included above.
Movements in revenue and capital funds for the year ended 31st March 2022
| Revenue accumulated fund | Unrestricte | Restricted | Total | Last |
|---|---|---|---|---|
| d | year | |||
| Funds | Funds | Funds | Total | |
| Funds | ||||
| 202 | ||||
| 2022 | 2022 | 2 | 2021 | |
| £ | £ | £ | £ | |
| Accumulated fund brought forward | -1,714 | 1,71 | 3,576 | |
| 4 | ||||
| Recognised gains and losses | - | 25,69 | (1,862) | |
| 25,693 | 3 |
6
| Closing fund Summary of funds Revenue fundsTotal |
Designated Funds 2022 £ - |
Accumulated 27,40 7 - 27,40 7 1,714 Unrestricte d Restricted Total Last year Funds Total Funds 2022 2022 2022 2021 £ £ £ £ 27,407 - 27,407 1,714 27,407 27,407 1,714 |
|---|---|---|
| - |
funds
If upon winding up or dissolution of the charity there remainThe funds transferred to capital reserve represent those restricted funds expendedany assets , after the satisfaction of all debtsc number and liabilities, the assets represented by the accumulatedThe statement of changes in resources applied for fixed assets for organisation's use is shown in thefund shall be transferred to some other charitable body or bodies having objects similar to the objects
of the charity. notes to the accounts
The notes and schedule to the Statement of Financial Activities on pages 8 to 11 form an integral part of these accounts
Marshfield Odsal Bankfoot Charity number Enterprise Balance Sheet 1183008 as at 31 March 2022 2 0 2 Notes 2022 1 £ £ Fixed assets Tangible assets 8 20 - Current assets Debtors 9 - - Cash at bank and in hand 11 29,415 1,714 29,415 Creditors: 1,714 amounts due within one year 10 (2,028) - -
7
| (2,028) - Net current assets Net assets Capital and reserves Restricted revenue reserves 12 |
27,387 27,407 27,407 27,407 |
- 1, 71 |
|---|---|---|
| 1,714 4 1 |
||
| , 71 4 |
||
| 1,714 | ||
Accumulated Funds
The Board of Trustees are satisfied that the organisation is not required to have an audit by virtue of its level of turnover or by virtue of any requirement under its constitution or otherwise.
The Board of Trustees also acknowledge their responsibility for ensuring the organisation keeps proper accounting records in accordance with the requirements of the Charities Act 2011 as more fully set out under 'Trustees' Responsibilities' in the Report of the Trustees.
Approved for signature by the Management Committee on:
…................
Berresford Lewis, Leon Paul Oakley, Lincoln Dalkeith Anderson, and Marcia Lorraine Reid
8
Marshfield Odsal Bankfoot Enterprise Charity number Notes to the Accounts 1183008 for the year ended 31 March 2022
The notes and schedule to the Statement of Financial Activities on pages 8 to 11 form an integral part of these accounts1 Accounting policies
Accounts preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities Act 2011.
The charity is entirely dependent on continuing donations and as a consequence the going concern basis is also dependent on the continuing donations.
The particular accounting policies adopted are set out below.
Accounting convention
The financial statements are prepared, on a going concern basis, accrual basis under the historical cost convention as modified by the revaluation of freehold land and buildings and fixed asset investments
Incoming Resources
Incoming resources are accounted for on a receivable basis deferred as described below where appropriate.
Charitable expenditure
Charitable expenditure includes all expenditure directly related to the objects of the charity and comprises the following: Costs of raising and generating funds
The costs of raising and generating funds includes fees incurred in respect of management fees.
Grants and donations payable in furtherance of the charity's objectives
Although there is no legal liability to pay any grant or donation to any organisation, and after approval, it is open to the board to withdraw an approval already granted , either before or after payment of a grant or donation,
Activities in furtherance of the charity's objectives
The costs of activities in furtherance of the charity's objectives represents the cost of goods and services and ancillary trading costs that have been incurred in charitable activities.
Management and administration of the charity
Management and administration costs represent expenditure incurred in the management of the charity's assets, organisational administration, and compliance with charitable and statutory requirements.
2 Winding up or dissolution of the charity
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
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Marshfield Odsal Bankfoot Enterprise Charity number Notes to the Accounts 1183008
for the year ended 31 March 2022
3 Analysis of incoming resources and analysis of management and administration costs
The details required by the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales (effective March 2005), are shown in the Statement of Financial Activities and also analysed on page 12.
4 Donations and income generated in connection with the 2022 2021 Charity's objectives £ £ Included in the various categories of incoming resources- SOFA 88,780 2,975
(See page 11 for analysis of sources of income).
-
5 Costs of activities in furtherance of the charity's objectives 2022 2021 £ £
-
Total per analysis by expenditure in the schedule to the SOFA 63,087 2,975
(See page 11 for analysis of sources of expenditure).
- 6 Staff Costs and Emoluments
| Staf Costs and Emoluments Gross salaries and wages Support costs for staf (Hist Admin costs Administration staf Numbers of part- time employees or full-time equivalents Engaged on charitable activities and administration |
2022 2 0 2 1 |
2022 2 0 2 1 |
|---|---|---|
| £ |
150 £ |
|
| ory 19,825 1 5 0 7,685 19,825 - 2022 2 0 2 1 6 0 |
There were no employees with emoluments in excess of £50,000 per annum
| 7 Cost of Independent Examiner and accounting services 2022 £ Independent Examiner fees 350 8 Tangible functional fxed assets Leasehold Computer improvement and ofce Plant and and building equipment machinery Cost or valuation £ £ £ At 1 Apr.2021 - - At 31 Mar.2021 - - - - 20 59 |
7 Cost of Independent Examiner and accounting services 2022 £ Independent Examiner fees 350 8 Tangible functional fxed assets Leasehold Computer improvement and ofce Plant and and building equipment machinery Cost or valuation £ £ £ At 1 Apr.2021 - - At 31 Mar.2021 - - - - 20 59 |
7 Cost of Independent Examiner and accounting services 2022 £ Independent Examiner fees 350 8 Tangible functional fxed assets Leasehold Computer improvement and ofce Plant and and building equipment machinery Cost or valuation £ £ £ At 1 Apr.2021 - - At 31 Mar.2021 - - - - 20 59 |
7 Cost of Independent Examiner and accounting services 2022 £ Independent Examiner fees 350 8 Tangible functional fxed assets Leasehold Computer improvement and ofce Plant and and building equipment machinery Cost or valuation £ £ £ At 1 Apr.2021 - - At 31 Mar.2021 - - - - 20 59 |
2021 £ - |
|---|---|---|---|---|
| Total £ |
||||
| - | 20 | - | 20 | |
| 59 |
10
Marshfield Odsal Bankfoot Enterprise Charity number Notes to the Accounts 1183008 for the year ended 31 March 2022
| Depreciation At 1 Apr.2021 At 31 Mar.2022 Net book value At 31 Mar.2022 20 20 At 31 Mar.2021 9aAnalysis of assets and liabilities representing each of the charity's funds as at 31 March 2022 UnrestrictedDesignated Restricted Total (Current year as per statements) funds funds funds Funds £ £ £ £ Current Assets (Debtors + Bank) - - 29,415 29,415 Current Liabilities (Accruals) (2,028) (2,028) 27,387 27,387 as at 31 March 2021 UnrestrictedDesignated Restricted Total (Previous year as per statements) funds funds funds Funds £ £ £ £ Current Assets (Debtors + Bank) - 1,714 1,714 Current Liabilities (Accruals) - - - - - - 10 Creditors: amounts falling due within one year 2022 2021 £ £ Accruals and sundry creditors 2,028 - 11 Bank and cash in hand balance 2022 2021 £ £ Balance as per bank statements and cash account 29,415 1,714 12 Capital and reserves 2022 2021 £ £ Restricted revenue reserves -- Unrestricted revenue reserves 27,407 1,714 - - - - - - - - - - - - - - 1,714 |
- | - |
|---|---|---|
| - | - | |
| - | ||
| - | - | |
| £ 29,415 |
£ 1,714 |
|
| £ 27,407 |
£ 1,714 |
- 13 Related party/ trustees transactions 2022 2021
There were no related party transactions except for £ £ Remuneration of trustees
11
Marshfield Odsal Bankfoot Enterprise Notes to the Accounts for the year ended 31 March 2022
Charity number 1183008
12
----- Start of picture text -----
Marshfield Odsal Bankfoot Enterprise Charity number Schedule to the Statement of
Financial Activities 1183008 for the year ended 31 March 2022
Unrestric Restricted Total Restricte
ted Funds Funds d
Funds Total
Funds
Incoming Resources 202 2022 2022 2021
2
Grants,Legacies and Donations £ £ £ £
83,7 83,7
National Heritage 00 00 -
Community Action B 6 625 -
25
Miscellaneous donations 3,9 3,9 -
59 59
Compensation 30 300 -
0
Refunds 19 196
6
Grants - - 2,975
Total Grants,Legacies & Donations 88,78 88,7 2,975
Received 80
0
Less:
Costs of activities in furtherance of the
charity's obje 1,48 1,4
Subscriptions 4 84 844
Meals and groceries 58 588 -
8
Project management 11,2 11,2 -
50 50
Support costs for staff (History, heritage and 19,8 150
outreach 25 19,825
Costs of goods and services -packaging 50 -
50
Remuneration of trustees - - -
33,1 33,1 994
97 97
Support costs of activities
Volunteers' Costs 2,22 2,2
9 29 994
Entertaining and hospitality 100 100 -
Advertising, marketing and website costs 3,32 3,3 -
3 23
5,65 5,6 994
Employee costs: 2 52
Training and welfare
1,60 1,6
5 05 75
Travel and subsistence 12 129 145
9
Motor Expenses - - - 28
- 1,7 248
Premises costs: 34
Cleaning
27 27 -
Rents and room hire 2,02 2,0 -
0 20
Light, Heat, and other Utilities 35 351 574
1
2,39 2,3 574
General administrative 8 98
----- End of picture text -----
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| expenses:Admin costs Postage, freight and courier Stationery, publications and printing Equipment expenses (furniture, sound and ofce equi Equipment hire Software and computers Repairs and maintenance Health and safety costs Sundry expenses Bank charges Bad debts and suspense account Legal and professional costs: Independent examiner's fee Consultancy fees Insurance Total spent on all activities Surplus / (defcit) for the year |
7,685 7,685 - - - 1,064 1,064 p 3,212 3,212 - - - 3,998 3,998 1,438 1,438 - - - - 7 7 - 72 72 - 1,557 1,557 |
- 85 519 672 475 - 671 498 29 72 - |
|
|---|---|---|---|
| 19,033 19,0 33 |
3,021 | ||
350 350 - 495 495 228 - 228 |
- - - |
||
| 1,073 - 1,0 73 |
- | ||
| 63,087 - 63,0 87 |
5,831 | ||
| 25,693 - 25,6 93 |
(2,856) |
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