Charity number: 1187065
THE BRADFORD FOUNDATION TRUST
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021
THE BRADFORD FOUNDATION TRUST
CONTENTS
| General information | 1 |
|---|---|
| Trustees’ report | 2-5 |
| Independent examiner’s report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to accounts | 9-11 |
THE BRADFORD FOUNDATION TRUST
GENERAL INFORMATION
Trustees Mr Aweis Ben Asghar Mr Rufus Bewley Mr Sajad Mahmood Charity registered number 1187065 Principal office The One Centre 203 Westgate Bradford BD1 3AD Bankers Barclays Bank 10 Market Street Bradford BD1 1EG Independent examiner B Ram & Co Accountants 7 Idle Road Bradford BD2 4QA
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THE BRADFORD FOUNDATION TRUST
Trustees’ report
The Trustees present their annual report together with the financial statements of The Bradford Foundation Trust (CIO) the charitable incorporated organisation for the period ended 31 December 2021. The trustees confirm that the Annual report and financial statements of the CIO comply with the current statutory requirements, the requirement of the CIO governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
Objectives and activities
Bradford Foundation Trust (BFT) was set up to empower the people of Bradford. A civil society organisation driven by justice, faith, progress and development for all and a voice for those finding themselves in need.
In 2021, whether you were a refugee or someone fleeing domestic violence, BFT was going to be there to support you, to the best of our ability. Like many organisations working with the vulnerable, the covid pandemic posed an unprecedented set of challenges. For our newly registered organisation, this was meant to be a time we were going to learn how to walk but instead we found ourselves having to run and run as fast as we could.
As the pandemic grew and realities hit home for many, Bradford saw the rise of an amazing community spirit and we took pride in creating a platform for people of all faiths and none, to be the source of mercy and compassion. Hundreds of selfless volunteers came together to ensure families that were at risk were able to receive essential support during the difficult period of the lockdown.
On behalf of the board and management I would like to thank each and every volunteer, donor who gave from their wealth and their time in a period of difficulty for our city.
Thousands of food packs were distributed, over £100,000 was given out in emergency assistance and over 500 of families were supported. In addition, we received significant in-kind donations from the local business community to whom we are truly grateful.
All this was done while we continued our message around Zakat. We have sought to create a high impact, dignified and empowering Islamic alms giving fund. We have bought together people from diverse Islamic traditions to focus on enabling people to be stronger and less dependent. We would like to thank the juristic community of the city in working with us on this and enabling a light to shine in the community space with community alms.
We have also sought to share our learnings with the country. Bradford Foundation Trust has partnered with Mercy Mission UK to contribute to the Good Faith Partnership’s community consultation on what does a post covid Britain look like and how faith organisations can contribute to recovery. This is something we have done to celebrate the wonderful community spirit that has united people from churches, gurdwaras, mosques and temples to serve the people of the city. We hope that the lessons from Bradford can be the basis of national learning and we feel this is a reflection of our intent to embrace the role of faith in community development and a wider role in ‘big society’.
Bradford Foundation Trust, is proud to serve all people of the city. In this service we are also honoured to serve our own faith and facilitate people of all faiths and none to participate in programs that celebrate the best of our community.
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Financial Review
After making appropriate enquires, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason the continue to adopt the going concern basis in preparing the financial statements.
The charity, like the country, has been impacted by the Covid-19 pandemic. The trustees have adapted to virtual meetings. The trustees have assessed the potential impact on the future operations of the charity, taking into account its underlying financial resources and strength. The trustees consider the charity to be well positioned to manage the current situation and secure operations into the future.
Key Partners, Projects and Grants Received
During 2021, The Bradford Foundation Trust principal activities were focused around the Covid-19 pandemic and working with statutory, VCS, business and community partners to support some of the most vulnerable and disadvantaged families and individuals in Bradford.
Bradford Metropolitan District Council (BMDC)
Grants Received: £38,964
Holiday Activity Fund - HAFF - Household Support Fund – HSF -
At the start of the Covid-19 pandemic, the Bradford Foundation Trust (BFT) worked closed with BMDC and partners and helped co-ordinate a district wide emergency response. This included setting up food distribution hubs for the district and procurement of food during an unprecedented time where food supplies nationally were scarce. Working closely with senior leadership to ensure important public health messages reached all communities and businesses were made aware of support available.
Race Equality Network (REN)
Grants Received: £10,500
REN was a lead organisation delivering the Covid-19 prevention program in partnership with public health at BMDC. BFT worked to help deliver public health messages to marginalised asylum seeker and refugee communities. BFT worked closely with senior management at Bradford Teaching Hospitals NHS Foundation Trust (BTHFT) and helped deliver a number of highly successful Q&A sessions for the community to dispel myths and anxiety related to Covid-19, hospital visitation and the vaccine. These events were highly successful leading to a substantial increase in research participants from ethnic minority communities and resulted in the formation of a community engagement steering group seeking to improve relationship between BTHFT and the community.
Near Neighbours –
Grants Received - £3,000
BFT in partnership with Arise befriending support group carried out activities to support new arrivals who were isolated in their communities. The purpose being to encourage and empower new arrivals to the UK to engage with different communities and encourage social interaction.
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Street Games
Grant Received £5000
BFT Worked with young girls under the age of 25 focusing around refugees, asylum seekers and young destitute people. BFT delivered sports activities such as fencing, boxing, circuit training, tennis and running.
My Foster Family (MFF)
Grant Received: No direct grant received. MFF was main applicant.
BFT worked in partnership with My Foster Family and successfully secured funding to deliver the national See Hear Respond program in Bradford, co-ordinated by Barnardo’s and funded by the Department of Education. During the pandemic the BFT database of the most disadvantaged households grew to over 300. These families were most suited to meeting the threshold for needing support. As a result of the project, BFT and MFF developed Arise Learning Club, a weekend school to support education and wellbeing of asylum seeker and refugee children and young people.
The core objective is to create a social and recreational outlet for marginalised communities and to deliver key services such as counselling, education support, health and wellbeing and financial advice and guidance.
In particular we were able to:
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Complete refurbishment of The One Centre – The centre based in the Manningham district of Bradford is intended to be a welcoming facility where members of the community will access a wide range of support services. The facility has been focused on our Covid-19 response and acted as the catalyst for all facets of our delivery plan.
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Employ a project co-ordinator with the necessary linguistic skills and cultural background to coordinate the next phase of delivery and oversee the volunteers available to assist with front line delivery.
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Continue our role as the lead organisation responsible for bringing together the many different agencies who have collaborated on the response to the crisis.
Reserve policy
The charity does not operate a reserve policy
Constitution
The charity is registered as a Charitable Incorporated Organisation and has a registered charity number 1187065. It was set up as a Charitable Incorporated Organisation on 20 December 2019.
Statement of Trustees’ responsibilities
The trustees are responsible for preparing the Trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees 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 its incomings resources and application of resources for that period. In preparing these financial statements, the Trustees are required to:
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Select suitable accounting policies and then apply the consistently;
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Observe methods and principles of the Charites SORP (FRS 102);
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Make judgements and accounting estimates that are responsible and prudent;
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Prepare the financial statements on the going concern basis unless its is inappropriate to presume that the Charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the charity (Accounts and Reports) Regulations 2008 and the provisions of the constitution. They are also responsible for the safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by;
………………………………………………………..
Date 31 May 2022
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THE BRADFORD FOUNDATION TRUST
Examiner’s Report to the Trustees of The Bradford Foundation Trust
I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 December 2021.
This report is made solely to the charity’s Trustees as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity’s Trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s Trustees as a body, for my work or for this report.
Responsibilities and Basis of Report
As the Trustees of the Charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’)
I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
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 that in any material respect:
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Accounting records were not kept in respect of the Company as required by section 130 of the 2011 Act; or
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The accounts do not accord with those records; or
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The accounts do not comply with the applicable requirements concerning the form and context of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached
Bhagat Ram Narr BSc (Hons) AFA FAIA B Ram & Co Accountants 7 Idle Road Bradford BD2 4QA
31 May 2021
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THE BRADFORD FOUNDATION TRUST
STATEMENT OF FINANCIAL ACTIVITES FOR THE PERIOD ENDED 31 DECEMBER 2021
| Incoming Resources Donations Grants Other operating income Resources Expended Events, activities and projects Rent Rates Insurance Light and heat Repairs Telephone Printing, postage & stationery Software costs Travel Advertising Cleaning Wages & salaries Pension costs Independent Examination fees Book keeping Professional fees Bank Charges Depreciation Total expenditure Transfer between funds Net movements in funds Fund balances brought forward Prior year adjustments Fund balances carried forward |
2021 Unrestricted funds £ 2021 Restricted funds 2021 Total funds 2020 Total funds £ 86,187 86,187 74,436 90,874 90,874 130,345 16,045 - 16,045 4,800 |
|---|---|
| 193,106 - 193,106 209,581 108,481 108,481 116,612 37,333 - 37,333 19,517 1,845 1,845 760 1,766 1,766 - 1,691 1,691 918 133 133 700 586 586 374 396 396 - 1,642 - 1642 251 2,198 - 2,198 280 6,684 6,684 846 3,619 3,619 80 25,890 25,890 - 287 287 - 700 700 500 3,410 3,410 - 2,420 - 2,420 2,500 718 - 718 504 5,470 - 5,470 1,189 |
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| 205,269 - 205,269 145,031 |
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| - - - - -12,163 - -12,163 64,550 64,550 - 64,550 - - - - - 52,387 - 52,387 64,550 |
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THE BRADFORD FOUNDATION TRUST
BALANCE SHEET
FOR THE PERIOD ENDED 31 DECEMBER 2021
| note Fixed assets Tangible assets 2.6 Total fixed assets Current assets Other debtors Cash at hand and in bank Total current assets Current liabilities due within one year Deferred income Creditors and accruals Total current liabilities Net assets Total Net assets Funds Unrestricted funds Restricted funds Total funds |
1,313 36,274 37,587 - (6,854) (6,854) |
2021 £ 21,654 21,654 900 70,015 70,915 (4,800) (6,895) (11,695) 30,733 52,387 52,387 - 52,387 |
2020 £ 5,330 5,330 59,220 64,550 5,408 59,142 64,550 |
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The financial statements were approved by the board of trustees on
Date
…………………………………………
Signed …………………………………………
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THE BRADFORD FOUNDATION TRUST
Notes to the accounts
1. General Information
This is Charitable Incorporated Organisation situated in the United Kingdom. The principal place of business is the principal office, the address of which is provided on page 1. The principal activity of the charity is to support the local community and to work with vulnerable people to support them to make life improving decisions and with partners across the city that are eager to improve life chances for all.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities Regulations 2008 only to the extent required to provide a ‘true and fair’ view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
2.2 Going concern
The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.
2.3 Income
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Donated services or facilities are recognised when the charity has control over the item, any condition associated with the donated item have been met, the receipt of economic benefit from the use of the charity of the item is probable and that economic benefit can be measured reliably.
On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market: a corresponding amount is the recognised in expenditure in the period of receipt.
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THE BRADFORD FOUNDATION TRUST
Notes to the accounts
2.4 Expenditure and liabilities
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
2.5 Taxation
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
2.6 Tangible fixed assets
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is not charged on freehold land and buildings due to the high residual value. Deprecation is provided at rates calculated to write of the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and fittings 15% reducing balance Computer equipment 20% straight line Leasehold improvements Straight line over life of lease
| Cost Brought forward Additions Disposals At 31 December 2021 Depreciation Brought forward Charges for the year Eliminated on disposal At 31 December 2021 Net book value: At 31 December 2021 |
Computer Equipment Fixtures & Fittings Leasehold Improvements Total £ 4,223 2,296 6,519 517 21,277 21,794 - - - - |
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| 4,223 2,813 21,277 28,313 845 344 1,189 845 370 4,255 5,470 - - - - |
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| 1,690 714 4,255 6,659 - - - - |
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| 2,533 2,099 17,022 21,654 |
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THE BRADFORD FOUNDATION TRUST
Notes to the accounts
2.7 Fund accounting
General funds are unrestricted funds which are available for the use at the discretion of the trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
2.8 Trustees’ remuneration and expenses
During the year no trustees received any remuneration or other benefits. During the year no trustees’ expenses have been incurred.
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