Bradford Cinderella Club
Annual Report
Period Ending 31 October 2020
Bradford Cinderella Club
216 Chapel Street Bradford BD1 5DJ
t. 01274 306 428 e. secretary@cinderellaclub.org w. cinderellaclub.org
Agenda
Annual Public Meeting for year ended 31[st] October 2020
16 Chapel Street Bradford BD2 5DJ
14 July 2021
- Open the meeting & welcome The President Mr James Saville 2. Report of The Public The Secretary * Meeting 2019 Mr John Atkinson 3. The Treasurers Report Treasurer Year ending 31 October 2020 Ms Rachel Thompson 4. The Secretaries Report 2020 The Secretary * Mr John Atkinson 5. Proposal Reports be accepted Mr Paul Thompson Trustee 6. Seconder Reports be accepted Mrs Julie Pearson Applications Secretary 7. The Lord Mayor Message from the Lord Mayor Councillor Shabir Hussain 8. Chairman’s Comments The Chairman/Trustee Vote of Thanks Mr Terry Pearson 9. Meeting Closes The President Mr James Saville
* Due to illness the Secretary’s reports will be read by Vice Chairman Mr John Atkinson.
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The Principal Objectives of the Bradford Cinderella Club are:
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Provision of Clothing and Footwear for the not-so-fortunate.
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To endeavour in every possible way to improve the hard lot of all the poor and underprivileged children who are in need of the help which a Society as ours can give
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The provision of Activities and Holidays for older children.
Subscribers may earmark their contributions for any of the above-named objects. Unless so specially allotted, it is understood that the subscriptions will be used for the general purpose of the club.
Subscriptions by covenant can be arranged. This method permits us to claim refund of Income Tax, thereby increasing the value of each donation.
Donations will be thankfully received by the Treasurer, the Secretary, or may be paid direct into our account: Account No. 00021683 Sort Code 40-52-40.
Cheques should be made payable to the Bradford Cinderella Club.
On behalf of the Committee
Chris Hayden Honorary Secretary
16 Chapel Street Bradford West Yorkshire BD1 5DJ
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CHARITIES ACT 1960 – REGISTRATION No. 223444
BRADFORD CINDERELLA CLUB
Headquarters: 16 Chapel Street, Bradford, West Yorkshire. BD1 5DJ
| President: | Mr J Saville | |
|---|---|---|
| Chairman: | Mr T Pearson | |
| Vice Charman: | Mr John Atkinson | |
| Honorary Secretary: | Mr C Hayden | |
| Treasurer: | Ms Rachel Thompson | |
| Applications Secretary: | Mrs J Pearson | |
| Committee: | ||
| Mr J Atkinson | Mr C Hayden | |
| Mr N Leach | Mrs L Norton | |
| Mr S Kirby | Mr M Conway | |
| Mrs J Pearson | Mr T Pearson | |
| Mr J Rehman | Mr J Saville | |
| Miss R Thompson | ||
| All c/o 16 Chapel Street, Bradford BD1 5DJ | ||
| Trustees: | ||
| Mr T Pearson | 20 Leeds Road, Bradford, BD2 3BD | |
| Mr J Saville | 73 Hoyle Court Drive Baildon | BD17 6ES |
| Mr P Thompson | 45 Ridgeway Wrose Shipley BD18 1PJ | |
| Auditors: | ||
| Ian Richards & Co. | 9 The Cross Bramhope Leeds | LS15 9AX |
| Bankers: | ||
| CAF | 25 Kings Hill Avenue Kings Hill | |
| West Malling Kent ME19 4JQ | ||
| Investment Consultant | ||
| Brewin Dolphin | 10 Wellington Place, Leeds LS1 4AN |
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Bradford Cinderella Club
Annual Public Meeting
July 2020
Due to the pandemic the Annual Public Meeting was held virtually with a recording being available online.
An abridged version can be viewed here: https://www.youtube.com/watch?v=_JemgnR10s0
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The 130[th] Annual Report The Bradford Cinderella Club
Secretary’s Report November 2019 – October 2020
Secretary’s Report 8 July 2021
It is with some sadness but greater hope that I present Bradford Cinderella Club’s 130th Secretary’s Report.
Sadness because I’m presenting and Chris, our devoted secretary, is unwell – and we wish him all the best and can’t wait to see back with us soon. Sadness because, again, the pandemic has meant we have been unable to support as many children as we would wish. Sadness because children of our city and district still need our support for trips, treats and the basic necessities.
However, I am filled with hope.
I am filled with hope as our Crash Pad is now finished and ready to welcome children for much needed respite, much needed care, much needed breaks away from their troubles. I cannot imagine the daily grind of young lives so blighted, but I am filled with hope that this wonderful building will be a great comfort to many in the coming years, and they will cherish the memories made here.
I am filled with hope as we have expanded our committee. We welcomed Mike Conway who has reinvigorated our quest for donations to keep us going for another 130 years, and rejuvenated our relationship with The T&A so we are back in Bradford’s conscious.
I am filled with hope as I remember how tirelessly our committee and a good number of our friends got together to fill and wrap over a thousand shoeboxes so that the most needy and vulnerable in our community got just a little something on Christmas Day.
I am filled with hope as the world opens up again, and we are again receiving applications – which means that the poorest, most vulnerable children in our community are having fun again. I am filled with hope when I picture these children paddling in the sea, climbing rocks, riding rollercoasters, and slurping ice creams. We exist to put smiles on children’s faces, and I am filled with hope when I picture those smiles that we – through the generosity of Bradfordians – have made happen.
I’m filled with hope every time we give money to support the great groups we have in our community who work so hard to make young people’s lives better.
Finally, I am thankful.
I’m thankful for every minute our tireless committee gives to put smiles on children’s faces. I’m thankful for the leadership, drive and energy Terry brings.
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I’m thankful to our trustees who work to ensure we have the funds to put smiles on children’s faces – and thankful for every penny donated by those in Bradford and beyond. I’m thankful to those who will, long after we’re gone, be putting smiles on children’s in another 130 years’ time.
And I’m thankful to you for listening.
Thank you.
John Atkinson on behalf Chris Hayden Hon. Secretary Bradford Cinderella Club 8 March 2018
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The 130th Annual Report
The Bradford Cinderella Club
Treasurer’s Report November 2019 – October 2020
You will see from the appended auditors report that financial statements are becoming more extensive due to the increase in compliance requirements. I thought it would be useful to extract the figures that are more pertinent to the activities of funding underprivileged children.
In the year ended 31 October 2020 we provided funding of some £11775 to fund underprivileged children to attend residential activities with their schoolmates, to hold Christmas Party’s that would otherwise not happen, send children off to the theatre ad give some a chocolate treat either with a selection box at Christmas are a chocolate egg at Easter. This is despite the issues created by covid 19 on a par with previous years.
Every pound that is funded is carefully scrutinised by our committee before being granted.
In addition to funding individual children we also funded the annual shoebox appeal to a level where we can be secure in the knowledge that every shoebox delivered to a child at Christmas has a range of quality presents inside.
In December 2019 this Charity purchased goods to the value of around £6012 we also held some stock from previous years, plus a further £1473 in other costs for the purchase of boxes, storage & transport which makes our annual shoebox appeal a massive investment but one where we know children who would not otherwise get anything at Christmas get something.
Due to the issue that we felt Covid could create we started our shoebox shopping early for Christmas 2020 & purchased goods to the value of £4588 along with purchase of boxes & sundry items totalling £750.
Our Cards for Care Scheme continues to grow at a managed pace by providing continual and oneoff funding to the most disadvantaged children in our area. In the last financial year funding had dropped to £384 compared to a more normal £5000.
During 2020 there was a decrease in the funding of this charity’s objectives, the total going from £28481 in 2019 to £24598 in 2020.
The largest cost-head for the year was again the investment made into building conversion at 16 Chapel Street to create the new Crash Pad facility. While the costs invested totals £127662 that cost is then capitalised in terms of the overall balance sheet value. The project was completed in early 2020 in time for the opening in February 2020.
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In 2019 /2020 our overheads have increased from around £2500 per year to approximately £13,500 this is due to the increase in costs of insurance & utility costs.
This leaves the Charity with net assets at 31[st] October 2020 of £654109 a decrease on 2019.
It would be remiss of me to finish our annual financial report without expressing huge thanks to all those individuals who donate to us, whether that is a monthly donation or an individual one. We also benefited from a Covid grant & corporate grant from B&M. I have long said that the work of this charity can only be done to the extent we achieve with the kindness and generosity of our donors.
Thank you.
That concludes my financial report for the period ending 31 October 2020.
Rachel Thompson Hon. Treasurer
Bradford Cinderella Club June 2021
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A Special Message from the Lord Mayor of Bradford
It gives me enormous pleasure to offer my warmest Civic greetings to all at the Bradford Cinderella Club, as you meet once again to further your valuable work.
The Cinderella Club – and its deserved place in the hearts of the people of this District – is unique. I look back over your long history of charitable work in Bradford with great pride, as I hope that you do.
The restrictions imposed by the pandemic sadly mean that I cannot join you in person today, but that it no way dilutes the affection in which I, and many others, hold you and your work.
You, as a charity, set out in 1890 with the welfare of Bradford’s children and young people at the very core of your being. With that passion came a determination to keep all your running costs low, so that as much of what you raised went to benefit those youngsters most in need.
Across many generations, those in need of your help have benefited from your remarkable work, the tireless efforts of your magnificent volunteers and the great generosity of our local people and organisations.
I hope that in the hurly burly of fundraising and the generally hectic nature of modern life, you never lose sight of the profound impact your efforts have on underprivileged children.
I hope that you continue to carry out your sterling work for many more years and I wish to close by commending and congratulating you all in helping the district’s young people.
Councillor Shabir Hussain
Lord Mayor of Bradford
July 2021
Audited
Accounts
Period Ending 31 October 2020
Clwilv regisiration numbcr." 223444 Bradford Cinderella Club Annua] Report aiid Financul Statements for ihe YcaT Ended 31 oc10r 2020 lan Richards & Co (Lcedsl Limiied 9 Th¢ Cross Brainho Leeds LS16 9AX
BrAdford CinderellA Club Contents Reference and AdllU'ntstrats"we Detai15 Trnstees, R¢port Staicm¢nt of Trllstees, Responsibilities Indcpendent Examiner's Report Statemenr of Financial ACtIltI¢5 Balance Sheet Notes to thc FinanciaI Stat¢rncnts 7t014
Bradford Cinderella Club Reference And Administrative Details Trnstees Mr Terry Pearson Mr Jamcs SaTrqlle MrPaul Thompson Secretary Mr Cl15tp11¢r Ha)'d¢n Other Offjce Mr Ten) Pears0 Chaiman Ms Rac11 Tliompson: Treagur¢r Principttl Office 16 Chapel Street Bradford BDI 5DL Charit) Registration Number 223444 Ballken CAF Bank Limited 25 KiTrg5 Hill Ai'enue W¢st Malling K¢nl ME194JQ Barclays Bank plc Idlc Brancli PO Boi 224 Bradford Accountants Richards & Co (Leeds) Liinited 9 The Cross Bramho LS16 9AX Page I
Bradford Cinderella Club Trustees, Report Tlie trUeeS presenÉ th¢ annu91 rcport together with th¢ financi statements of th¢ charily for tb¢ )¢ar cnded 3 1 October 2020. ObJectlv&4 and aCtiltIeS Structure. goi'ernance and management Firtancial in5trumcnt4 Objectives undpolicies The cliaritp's actiNities cNpose it to a numbcr of financial risks lncluth'iJ credii rtsk. Cd5h flow risk and liquidity" risk. Thc use of financial dcrii'atiN'es is goN'erned by th¢ chariti s policies approvcd b} tlie Ix)ard of iruslees, ii.liich PTON'idc iirittcn principles on the usc of financ1 d¢rivatii'es lo inanage tlicse risks. Tlie clwiti" docs not us¢ deri.atlve financia] Ènstruments for culatIv¢ PUry)5CS. Creditrisk The chic rity's principal finaiicia] assets are bdnk balanccs and caslL trad¢ and othcr reCeiable$. ar iniestincnts. Thc cliarir}"'s credÈt Ti5k is prirnarilj altrulabl¢ lo its trade receii'abl¢s. The arnouiits presenicd in the balance sheet are nei of allowanccs for doubitul rrfeii'dbles. An allowance for lmpa1rnlt is nde where thcre is an idenlified l()ss cvent whicli, based on previous experience. is ¢fvid¢n¢e of a teduction in ihe recoTrerability of th¢ cash flows. The credit risk oil Iiqilid banks with liigh crcdit-r Th¢ charity no si countcrpartias a CU5 unds ar derivative financial instrunKnts Is liinit¢>J because the countcrpartie$ are ngs assisned bv int¢rnaiional credii-rdung ag¢ncics. nificl coiiceiitrdlioii rreth'i Fisk. wilh exposur¢ spread over a large number of mcrs. rtm'a approved bj the trnst¢¢s of the charity on 10 Jlln¢ 2021 and signed on its b¢half by.. Mr Tcrri Trustee arso Pagc 2
BrAdford Cinderella Club St%tement of Trustees, Responsibilities Tlic injsiccs arc responsible for pr¢paring tlic trustees, repotl and the financial staleinenis in accorddllC¢ iiith the United Kingdoni A¢couniing Standard5 (United Kingdom G¢nerall}' Acccpted Acc0uniii Practs"¢e) at applicable laiv a1 regulations. Th¢ applicable to charities reqll1r th¢ tnLSt¢¢s to prcparc financial statements for each financiat )car wliicli gil'e a tnie and fair Mcw of the statc of affi1irs of the ch81itv and of the incoming resources and application of resouTces of the clLqriI}' for thai riod. In preparing these fInanal statcrn¢nts, tl)c trustces ic rc required to.. s¢l¢ct suitsble accounting policies and then apply them consisteiitly. obs¢rv¢ th¢ rn¢thiKls and principles An the Chatitses SOIIP: makeilldgcm¢iits al estitnates thaÈ are reasoiydble and prudent., s¢atc whcther applicable accounting standdrds have 1c folloived: subject lo any matcriai dcpartures disGloscd and eNplain&l in the fin8nciJl statcm¢nts', a1 prepare tli¢ financial stat¢inenls on ihe going concern basis unless it is inappropriate lo presume ¢lwt th¢ Cl(1. will ¢ontinu¢ in busin¢ss. Th¢ irnstees arc rcsw)iisible for keeping proper accounting records t11 disclos¢ willi rcasonublc dccuraw. al tim¢ the financial position of the chanty. and ¢nablc tliun to ensure ilial tlie finan¢idL Siat¢Encnts coinplv witli the Charitics Act 2011, the applicable Charitics (Accouiits and Reports) R¢guldlion* aiid the proi'isions of th¢ constitiition. The trustees arc also r¢stx)nsiblc for safeguardiiig Ltie ass¢is of ihe cliatitv and h¢nff for iaking reasonc1blc steps lor Ihe prei'ention and deieciion of fraud and otl)er irregularitsas. Approved by trustccs of tlie c rity on 10 Jlln¢ 2021 and signed on its behilf M,: Truslee Page 3
Bradford Cinderella Club Independent Examiner's Report to the trustees of Bradford Cinderella Club I repon io thc charity. tn]stces on mv ¢Namination of the accounts of ihc charity for t1 Jear ended 31 October 2020 11.hich ar¢ s¢1 out on pagcs 5 to 14. R&%pective responsibilitte8 nf trnstees k)nd examiner As the charit) s trnstees ol Bradford Cinderella Club vou are responsible for the preparation of the accounts in accordan with the requircrncnts of Ilie Charitics Act 2011 {'Ihe Act,). I report in rcspecl of my ¢iaminatson of the Bradford Cindcrclla Club's a¢counis caFried out under seciion 145 of the 2011 Act 8t in carrying oiit my examination I Ile folloiv¢d all the applicable Direciions gtven b). the Charity" Commission linder section 14515)(b) of the Act. Independent ei4mincr'J Jtatement I have completcd ms. cxamination. I confim that i)0 material inatl¢rs ha¢ come to a¢i¢niion in conncetion I1th thc exami]L4tion .ryng mc cause lo belieNe that in any inalerial respect.. l. accouniing records w¢ff not kepi in respe¢[ of Bradford Cinderella Club as requireif b}. section 130 of t Act; or 2. Ihe accounts do not accord with those records; or 3. the ac¢ounis do not cornplv wilh ihe accounting requircments concerning the forni and content of accounts sei out in the Cliariues {Accounis and Rewrtsl Rcglllaiions 2(NTr8 other than requireinent th* the aceounts give a 'Érne and fair view M'hich is not 8 inaltCT coftsidered as part of an indepe1¢n[ exdmination. I hai.'e no con¢¢rns and have come across no oiher matters in connection t the exan)inats"on to M'hi¢h attcntion should be drAM'n ill this report in order to enabl¢ a proper undcrstanding of (he a¢unt$ to be rcached. lan Richards & Co (Leeds) Limited Accountsnts 10 June 2021 Page 4
Bradford Cinderella Club Statement of Financial Activities for the Year Ended 31 October 2020 Unrestricted funds Total 2020 Note lTrcume and Endowments from: Donations and lega¢ie$ Oth¢r in¢oine 35,233 5,094 35.233 5,094 Total inconie 40,327 40.327 Expenditure on: Charitable 2ctiviti¢s Oth¢r ¢xp¢nditure (24.598) 129,198 124.598) {29.198 TOLII e¥penditu 153.796) {53.796) Net movement in funds (13,469) (11.469) Reconciliati( Ibf funds Total fijnds brought fonvard 667,578 667.578 TotsI funds carried foN'ard 654.109 Unrestri¢ted funds 654,109 Total 21)19 Note Income Endowment5 from: Donalions and legacies Oth¢r income 7,423 21,257 7.423 21.257 Toial income 28.680 224.6¥0 Expenditure on: cln(able 2Ctii'ities OtheT expendilur¢ Total expenditu (28.4811 (16.858) 128,481) 116.1158) (45.3_39) {45.339) Net mth'ement tn fwids (16,659) {16,659) Recon£iliatirn of fynds Total funds broughi foniwd Total funds carried fo,ard 661.506 661, 6gH.847 644,847 All of the charit5 s aclivities derive from conlinuing operations during Ihe abo two periods. Tlie funds breakdown for 2019 is shom'n in note 9. Pag¢ i
Bradford Cinderella Club (Registration number: 223444) Balance Sheet As at 31 October 2020 2020 2019 Note Fiied &et9 Tangiblc assets InN'estm¢nts 472,765 3il.616 355.181 487.2 824,381 842,471 Current assets Casli c2t bank and in hand 42,213 58,634 Creditor$: Amounts falling due within one vear {234,1371 (233.527 Net current liabilities {191,9241 (174,8931 Net awts 632.457 667,578 Funds of the charitv: Unre¥tricted income funds Unrcstrictcd funds Revaludtion r¢s¢n'¢ 654.109 (21.652) 644.847 22.7.31 Total unrestTid&l funds 632.457 667.578 Total funds 6.32,457 667.578 Tlie financial statements on pages 5 to 14 were approved bi. tlie lrnstees, and authoris¢d for issue on 10 June 2021 a signed on theirbeliair r James SaTrille nistec Page 6
Bradford Cinderella Club Notes to the Financial Statements for the Year Ended 31 October 2020 l A¢c(wnting policies Statement of compliance The financial siaicin¢nis hav¢ bcen prepar1 in aceordanee Mith Accounting and Rep)rting bi". Chariii¢s.' Statement of Recommended Pracrice applicAbl¢ to chariiics preparing their accounts in l¢CordanCe }th the Financial Reporting Siandard applicdble in thc UK a1 Rcpiiblic of Ircland {FRS 1112) IcffccÉii"c l J1n&1ry 2015) - ICli2riti¢s SORP {FRS 102)). Ilie Fin(incl Reporting Siaiidard applicabl¢ in ihe UK and R¢publi¢ of Irela[ IFRS 102) and the clnu&S Act 2011. Basis of prepar#¢ion Bradford Cindcrclla Club ineets the definilion of a public benefii entity. und¢r FRS 102. Assets and liabilities Ic re initially wwgniscd at historica] cost OT transaction iialue unless oiheThTrise stated in the relthwni a¢¢ounting poliw notes. EAemption from preparing a cash flow statement Tlie cl)arili' opied io earl!, adopt Bulletin I publis1d on 2 Febnry. 2016 and have iher¢for¢ not in¢lu(kd a cash flow statement in tl?ese fIncIal sidteinents. Going concern Tlie (rnsi¢¢s ¢onsid¢r ih¢r¢ are no mat¢nal unccllainiies about the charits ability to conts'nue as a going conc¢rn. Transition lo FRS 102 In prcp<iring tlie accouiits. the trnSt have considered wheiher in applying ihe accounting policies required b}. FRS 11)2 al ihe Charities SORP FRS 102 a restatenient of coinp(IraliN'e items was required. No restaiemenis arc rwuired as a resuli of ihe transitson to FRS 102. Jncome and endowments Voluniary in¢om¢ including donation& gifts, legacies and granis t1 provide core funding or ar¢ of a gcncEal lur¢ is re¢ognised w"h¢n th¢ charity. has Cntltlcnnt to tlie income, it is probable ihai the in¢ome Mqll be received and tli¢ amount can be mcasurcd M'ith sutTicient reliability. DoNation5 undlegaci Donations and legaGic5 r¢Gogniscd on a receivable basis when receipt is probabl¢ and th¢ arnount can E¢ r¢liably n)casured. Grants receivable Grants are recogrnsed when the charity has an entitlement to the funds and any ¢onditiOllS link1 io the grants haie b¢¢rt tnet. Wher¢ perfornnTr COLiditio1 are attac11( to tlic grani aiid dre l'ei 10 be m¢t, lh¢ is [0ged as d lidbilit). and iluded on the balance slieei as deferred income lo be released. Page 7
Bradford Cinderella Club Note5 to the Financial Statements for the Year Ended 31 October 2020 Expcnditure All elndItUTe is rceogniscd once tliere is a l¢gal or constructive obligation to that expenditure. it is probable settlemeni is required 2nd the (?illount can be tneasured reliablj.. All ¢osts are alloci£ tcd io the applicable eitti)diture licading tl]at dg¥reg1c le s111 costs to ih41 cai¢gory. Whcrc costs cannot directl), attribut¢d to pariicular hedth.nbs ttie}' have en allocaied on a basis consisi¢ni M'ith the use of resoUrs, i1th centnd staff osts allocated on ihe bdsis of timc deprecialion charges allo¢atcd on the portion of the asset's use. O¢licr suppori cosls are allocated b¢d on the spld ofstsff costs. ChoritL7ble ortiviti Cliariiablc ciycnditure compriscs those costs incunEd bi, Ihc charitTr' in the delivery of its 2Ctivilic5 and 5cr41jces ror its btncficiaTiCS. It includes both costs that can bc allocated dircctl}' to suclj activiiies arld those costs of a indir1 naiure neSSa[! to support them. Gruxtprov4sions Provisions for grants ar¢ mad¢ the intentson to Inake 8 grant h&4 been communicated to the recipient bul tliere is un¢ertaiiity aboui eliber tlie timing of grant or the amouni of grdnt payable. Government grants Gernment grants are recOli5¢d based on il)e accrual model and ar¢ imeUred al Ihe fair i.alue of ihe asset rccciird or receii'ablc. Grants aT¢ classified as r¢laiing either lo tcvcnue or to assets. Granis relaiing to reen¢ are rccognised in Incoine ov¢r ilie ri[l iii wliich the related Costs are r¢cogni5ed. Grants relating io assets are rccognised over the ected useful life of tlie asset. Where part OC a grant reldling to an assel is deferred it is rccogniscd as dcfcrred income. Taxatio Tlic charitv is considered to pass thc tesls sel oul iii Paragraph I S¢hcdule 6 of the Finan¢¢ A¢i 2010 cind tlicrcfore it meets th¢ d¢fiiiition of a cliaritable coinpanTr for UK corporalion tax purw)ses. A¢wrdinglv. thc charity. is ten(la11 exempt frorn t&iatioii iii respecl of iiicoin¢ or capital gain5 receiN'ed withJ"n ¢diegories coi'ered bv Chapter 3 Part I l of the Corporation Tax Act 2010 OT S¢ction 256 of t1 Tlviion of ChaT&FCdblc Gains Act 1992. thc cxtcnt that sucli iiicoJn¢ or gains are applied exclusii'¢lv io ¢hariuble purposcs. Tangible fixed A8%ets Indillidu fixcd a5sels cosling £0.00 or inore are iniliallj recorded at cost, less any subscqucnl accumulated deprecialion and subsequent accuinulated im1mient losses. Depreciation and amortisation Dcpreciation is proi'idcd on tangible fi.xed asseis so as iTrTite off tli¢ ¢osi or valuaiion. Ick$ any estiinaled residual i'aluc. oN'er their e.xpe¢ted useful economic life as lolloM'.s'. Vixed gsset irtTrestrnents Fixed ass¢t iiii'eslinenl& otlier ihan programme elat inveslment& are included c1t inarket value ai the balan sheet dat¢. Ruliscd gall ar losses ini'eslnients are calculaied as the diff¢rence beiiieen sales pr(wds and thcir inarka Value at lh¢ stsrt of tk ycar. or llieir subs¢qu¢ni cosi. and are charged or ¢redited to the Statement of FinAncial Actilwities it] the penod ofdispoul. Unr&11ised gains losscs rcpresenl Ihe rnoTrE¢nt in Drket ialues during the yr and are creditrd or chdigcd to ihc Siatem¢nt of Trinancial Actiillilies based on th¢ illarket N'alue at ihe year end. Page 8
Bradford Cinderella Club Notes to the Finaneial StAtements for the Year Ended 31 October 2020 Cash and equis-alents Cdgh and cggh equivalejits comprisc cash on hand and call dcposit$, 2nd other short-lerm highty liqllid ini'estsnents t11 are readily convertible to a knOn atnount of cash and ar¢ Sllbje to an insignificant risk of change in I'alu¢. Fund sÉrncrc Unr¢stri¢ted incoiiie funds dre gjenetal fijnds tlllt are available for use at the trnst¢¢s's dire[lOn in furthera¢ ofihe obje¢tiTres of th¢ charity. Financial instrnments CluMification Financial assets and financia] lidbiliti¢s arc recognised when the charily becomes a party to th¢ contractual proTrisions of tlie inslnEment. Fiiianciai liabililies and equity instruments are clwified aOrdEng th¢ substanc¢ of the contractual arrangcmu)ts Cntcrcd inlo. An equit) ins(rutnenl Is an& conlract (IL21 evidences a r¢siduai int¢r¢sl in th¢ as5¢ts of Ihe cl)anlTr' after d¢du¢ting all of its liabiliti¢s. Recognition 4¥ndme¢s¥remenl All finaiicial assets and liabiliti&4 are initially measur¢d at trdnsa¢tion pric¢ (including tra¢tion costs). c¥ccpt for ihos¢ finan¢ia] assets ¢lassifi¢d as ai fair value through piofit or 105s. H,hich drc initiall)- rncasured ai fair alue Iwhicli is nornii£ Ily the transaction price excluding trdnsaction costs). unless Ihe arrang¢ineni consiitutcs a financing transaction. Jf an arrangement constilutes a financing Iransaciiorn the financial a5t or fiRancia] liabllii! is measured at the pr¢s¢nt value of the futur¢ p(D'"mcnts discounted at a markei raie of inieres( for a simi]ard¢bi instrnin¢nL Finaiicial asseis dnd liabiliiies only offs¢i in siatrin¢nt of finan¢ial p051tion when. dnd onlv w'hcn there exisls a legallv entorceable rigll to sei off ihe recognised amounts and the charity intends either to scttle on 2 net bcisis, or lo realise the asset and settle lh¢ liabiliii, siinuluneousl!. Financial asseis are derecognised ivhen a1 onl!. ii.hcn #) thc contrnetuai rights lo the cash flom's fmm ihe fin<in¢iJl assct cipirc or arc scttled. b) the ehdrity trdll5feTS to 3notlier part). 8ubqtanliallj all of ihc risks and wards of ownership of the financial assel, or c) the charit)." despil¢ haTring rctciin(xi some, but not all, sigynificani risks al rewards of owll¢rship, has traJlsfeTr1 control of thc a&sct to anotherparts.. Fitthncidl lia.11t]Lq aTe derecognised only iTrhen the obligation s£Ified in ihe cot]tract is dischargL, cancelled or expirs. Inve¥tmcnts in non-convertible preference shares And non-Ilabl¢ ordinary or preference sliares (where shares are publicly traded or their fair N"aiue Is liablY m¢asurablcl arc illeasured ai fair value tIoUgh profit 01 loss. Wlwe fair value cann( be measurcd rcliablv. investments are ineasured al cosi less imp<limnI. Inestments in mbsidiari¢s atd associatcs are rneasured al cosi Iesg itnpairntent. For ini'estments in subsidiaries acquiTed for consideration in¢luib'ng thc issu¢ of sharcs qualifving for merg¢i lE¢r. cost is mcasured by refcrcncc to thc nomina] Tralue of the shaff5 issucd plus fair valiic ol other consideration. AnTr prcniiutn is ignorcd. Page 9
Bradford Cinderella Club Notes to the Finantial Statements for the Year Ended 31 October 2020 Fair w(4lMe me4surem* The best evidence of fair i'alue is a quoted pri for An idclllia] asset in an active market When quoted prices arc unc1Trailable, tlie price of Ll Tecent Iran5a¢tson for an idcnlia] assct provides ei'ideiice of fair 121u¢ as lony ¢ tliere has not en a signifitranl changc iii cconoinic Circuinstances or a sigiiificant lapse of lime since the transaction look placc. If ilic market is not actii'e and Tecenl Iransactions of an identical asset on tl)eir own nol a good eAimate of fair value. thefait valu¢ Is ¢stsmated by usillg a TralUatI( lecl)nique. 2 Ancome frnm donation5 and legacie¥ Unrestricted funds Total 2020 Total 2UI General Donaiions a1 legacies. Donations froin individuals Grants. incluth.ng Gqpilal grants; G'ernMent grants 25,233 7.423 iO,O(K) 7.423 Page 10
Bradford Cinderella Club Notes to the Finaneial StAtements for the YeAr Ended 31 Oetober 2020 3 Net incomingloutgoing resourc Net outgoing resources for th¢yw include.. 2020 2019 Depreciation of fiKcd assels 10.077 7,523 4 Independent examiner's remllneration 2021) 2019 Examination of th¢ financiat statements 2,000 2.000 Page 11
BrAdford Cinderella Club Notes to the FinAncial Statements for the Year Ended 31 October 2020 5 TtIOn Thc (IritV is a r¢gisl¢red ¢haritJ' and is ihcrefore exempl frorn Iall¢)n. 6 Tallglble fix¢d awts nd buildings Total Coyt At l Noiember 2019 Additions 376,168 127.662 376,168 127.662 At 31 0clotr 2020 503,830 503.830 Depreciation At l Nth'cnttKr 2(119 Charge foi the}'ear 20,988 10.1)77 20.988 At 31 Octob¢r 2020 31,065 31,065 Net bk value At 3 1 (klober 2020 472,765 472,765 At 31 (ktober 2019 355,180 .355.180 7 Fixed asset investment$ 2020 2019 Other investments 351.616 487.2 Page 12
Bradford Cinderella Club Notes to the Financial Statements for the Year Ended 31 October 2020 Other itti'estments Li$ted iDvcytmcnts Total Cost or Valuation At l Novemkr 2019 351.616 351,616 At IE October 2020 351,61C) 151.616 Net book value Ai 31 O¢toEer 2020 3f1.616 -371.616 Ai 31 October 2019 351,616 -351,616 8 Creditors: amount5 falling due within one year 2020 2019 Othercrediiors 234,137 271.i27 9 Fund$ Bal*nce at I Noi"etnber 2019 Incomillg resources ReJources exi)ended Balancc at 31 October 2020 Unrestricted fllnds G¢n¢iai 1667,578) 147.3751 60.844 (654.1091 B#lxnce at I NoTrember 2018 Incomin% re8ourc¢s Resources expended Balance at 31 October 2U19 Unrestricted fuDd$ General 661.506) (26.202) 42,861 (644.8471 Page 13
Bradford Cinderella Club Notes to the Financial Statements for the Year Ended 31 October 2020 10 Anal3"sis of net assets betwctn funds Unrestricted funds General Total funds Tanble fixed asscts Fiicd asset ini.'cstmciits Curreni asseis Curreni liabtliiieg 472.765 351.616 42.213 (234.1371 472,765 351,616 {274.137) Totsl nei assets 6_32,4.i7 632.4)7 J l Analysis of rtet fund$ At l Noi'ember 2019 At 31 October 2020 Cash flo Cash aibank dnd in I 58.634 {16.421) 42,213 Net debt 58.634 {16,421} 42,213 Page 14
BrAdford Cinderella Club Ststement of Financial Aetivitieg by fund for the Year Ended 31 October 2020 Totthl Ufjrestricted tunds 2020 Unrestricted funds 2019 Income and End0MentI from: Donatio and legacieg Other income 35.233 5.094 7,423 21.257 Totsl income 40,327 28,C)RO ExpendiÉure on: Chgriiabl¢ activilics Other eNycnditu (24.5981 29,198) 128.4811 (16,8.58) Total exnditute {53.796) (45.339) Net expenditu {13,469) 16,6)9 Net movement in thnds (13,469) 116,6i9) Reconciliatioft of funds Toidl funds brouglii fonvard Tolal funds carried fonvard 667.578 661.506 654.109 644,847 Page 15
Bradford Cinderella Club Detailed Statement of Financial Activities for the Year Ended 31 Oetober 2020 Total 2020 Total 2019 Income EDdowment¥ from: DOtiO and Icg<lCiCS lanalyscd below) O(licr incorn¢ lanai)'sed below) 7,423 21.257 5,094 Total incoinc 40,327 28.680 Exp¢nilithTe on: C.harildblc actiN'ities (arwlysed b¢lowl (hher expenditu (analyscd bclow) Tolal eXndliUrt {24.598) 29.1911 {28,481) 16,8)8 {53.796) (45.339) Nct expenditu {13.409) (16,659 Net movement in ndS {13.469} (16,659) Reconciliation of funds To(al funds brought forward Total funds Caled forward 667,578 661,50(Tr 654.109 644,847 Page 16
Bradford Cinderella Club DetAiled Statement of Financial Activities for the Year Ended 31 October 2020 Total 2020 Total 2019 Donations tsnd Iqqcie$ App15 and donations UK GoN'ernmeni granis 25,233 10,111M) 7.423 35.233 7,423 Othgr income In¢om¢ froin listed investments Int¢res¢ on cash deposits (Gain) on PTOgraMn relat1 nvestsnents 18,701 78 2,478 10 7.(H8 i.1194 21,257 Choritahle uetivlti Funding 24.598 (28,481) {24.598) {28,481) C)th¥r upenditur¥ po0110 management costs Ingiirallce Telephone and fax Rate5 OtTice ¢xp¢nses Liglit and lieal Printing, postag¢ and stationery Just giving cosls Sundry expenscs The audit ofthe charity's annual a¢wllnis Depr¢¢idlion of freehold property {_3:516) (3.591) (1,348) {1,341) (2641 (5,263) (5,109) (1.235) (60) (58) (216) (657) 12.000) (216) 11.5821 12.(M)01 {lQ.n77) 29.198 16,8.i8) Pagc 17