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2021-10-31-accounts

Charity registration number: 223444

Bradford Cinderella Club

Annual Report and Financial Statements for the Year Ended 31 October 2021

Ian Richards & Co (Leeds) Limited Office 23 Burley Hill Park Burley Hill Leeds LS4 2PU

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Bradford Cinderella Club

Contents

Reference and Administrative Details 1
Trustees' Report 2
Statement ofTrustees' Responsibilities 3
Independent Examiner's Report 4
Statement ofFinancial Activities 5
Balance Sheet 6
NotestotheFinancialStatements 7to14

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Bradford Cinderella Club

Reference and Administrative Details

Trustees Mr Terry Pearson Mr James Saville Mr Paul Thompson Secretary Mr Christopher Hayden, Secretary Other Officers Mr Terry Pearson, Chaiman Ms Rachel Thompson, Treasurer Charity Registration Number 223444 Principal Office 16 Chapel Street Bradford BD1 SDL Accountants Ian Richards & Co (Leeds) Limited 9 The Cross Bramhope Leeds LS16 9AX Bankers CAF Bank Limited 25 Kings Hill Avenue West Malling Kent ME19 4JQ Barclays Bank plc Idle Branch PO Box 224 Bradford

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Bradford Cinderella Club

Trustees’ Report

The trustees present the annual report together with the financial statements of the charity for the year ended 31 October 2021.

Objectives and activities

Structure, governance and management

Financial instruments

Objectives and policies

The charity’s activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.

Credit risk

The charity’s principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.

The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies. The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers. was approved by the trustees of the charity on 30 August 2022 and signed on its behalf by: The annualof

Mr tentpears Trustee

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Bradford Cinderella Club

Statement of Trustees' Responsibilities

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities 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 the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that 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 applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the/ frustees of the charity. on 30 August 2022 and signed° on its. behalf by: Mr Tas Pears

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Bradford Cinderella Club

Independent Examiner's Report to the trustees of Bradford Cinderella Club

I report to the trustees on my examination of the accounts of Bradford Cinderella Club for the year ended 31 October 2021,

Responsibilities and basis of report

As the charity trustees of Bradford Cinderella Club you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Bradford Cinderella Club's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of Bradford Cinderella Club as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements concerning the form and content 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.

Ian Richards & Co (Leeds) Limited Accountants

30 August 2022

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Bradford Cinderella Club

Statement of Financial Activities for the Year Ended 31 October 2021

Unrestricted Total
funds 2021
Note £ £
Income and Endowments from:
Donations and legacies 5,601 5,601
Other income 40,074 40,074
Total income 45,675 45,675
Expenditure on:
Charitable activities (6,716) (6,716)
Other expenditure (27,446) (27,446)
Total expenditure (34,162) (34,162)
Net income 11,513 11,513
Netmovement in funds 11,513 11,513
Reconciliation offunds
Total funds brought forward 632,457 632,457
Total funds carried forward 11 643,970 643,970
Unrestricted Total
funds 2020
Note £ £
Income and Endowments from:
Donations and legacies 35,233 35,233
Other income 5,094 5,094
Total income 40,327 40,327
Expenditure on:
Charitable activities (24,598) (24,598)
Other expenditure (29,198) (29,198)
Total expenditure (53,796) (53,796)
Net expenditure (13,469) (13,469)
Netmovement in funds (13,469) (13,469)
Reconciliation offunds
Total funds brought forward 667,578 667,578
Total funds carried forward 11 654,109 654,109
All ofthe charity's activities derive from continuing operations during the abovetwo periods. .
Thefundsbreakdownfor2020isshowninnote11.

The notes on pages 7 to 14 form an integral part of these financial statements. Page 5

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Bradford Cinderella Club

(Registration number: 223444) Balance Sheet as at 31 October 2021

2021 2020
Note £ £
Fixed assets
Tangible assets 7 462,689 472,765
Investments 8 434,547 351,616
897,236 824,381
Current assets
Cash atbank and in hand 9 28,375 42,213
Creditors: Amounts falling duewithin one year 10 (233,087) (234,137)
Net current liabilities (204,712) (191,924)
Net assets 692,524 632,457
Fundsofthe charity:
Unrestricted income funds
Unrestricted funds 643,970 654,109
Revaluation reserve 48,554 (21,652)
Totalunrestricted funds 692,524 632,457
Totalfunds 11 692,524 632,457

The financial st ents on pages 5 to 14 were approved by the trustees, and authorised for issue on 30 August 2022 and signed fn their behalf by;~ So a Mr Terry Peays6n Trustee

The notes on pages 7 to 14 form an integral part of these financial statements. Page 6

Bradford Cinderella Club

Notes to the Financial Statements for the Year Ended 31 October 2021

1 Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

Bradford Cinderella Club meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

Exemption from preparing a cash flow statement

The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Transition to FRS 102

In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 a restatement of comparative items was required. No restatements are required as a result of the transition to FRS 102.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

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Bradford Cinderella Club

Notes to the Financial Statements for the Year Ended 31 October 2021

Charitable activities Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Grant provisions Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Taxation The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Fixed asset investments

Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.

Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.

Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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Bradford Cinderella Club

Notes to the Financial Statements for the Year Ended 31 October 2021

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.

Financial instruments

Classification

Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

Recognition and measurement

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

Investments

Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored.

Fair value measurement

The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.

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Bradford Cinderella Club

Notes to the Financial Statements for the Year Ended 31 October 2021

2 Income from donations and legacies

Unrestricted
funds Total
General funds
£ £
Donations and legacies;
Donations from individuals 5,601 5,601
Total for2021 5,601 5,601
Totalfor2020 35,233 35,233

3 Expenditure on charitable activities

Unrestricted
funds Total
General funds
Note £ £
Grant funding ofactivities 6,716 6,716
Total for2020 cePAR eS

Total expenditure £

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Bradford Cinderella Club

Notes to the Financial Statements for the Year Ended 31 October 2021

4 Net incoming/outgoing resources

Net incoming/(outgoing) resources for the year include:

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||||||| |---|---|---|---|---|---| |2021|2020| |£|£| |Depreciation|of fixed|assets|10,077|10,077| |5|Independent|examiner's|remuneration| |2021|2020| |£|£| |Examination|of the|financial|statements|2,000|2,000|

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Bradford Cinderella Club

Notes to the Financial Statements for the Year Ended 31 October 2021

6 Taxation

The charity is a registered charity and is therefore exempt from taxation.

7 Tangible fixed assets

7
Tangible fixed assets
Land and
buildings Total
£ £
Cost
At 1 November 2020 503,830 503,830
At 31 October 2021 503,830 503,830
Depreciation
At 1 November 2020 31,064 31,064
Charge forthe year 10,077 10,077
At 31 October 2021 41,141 41,141
Net book value
At 31 October2021 462,689 462,689
At 31 October2020 472,766 472,766
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Fixed asset investments
2021 2020
£ £
Otherinvestments 434,547 351,616

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Bradford Cinderella Club

Notes to the Financial Statements for the Year Ended 31 October 2021

Other investments

Listed
‘ investments Total
£ £
Cost or Valuation
At 1 November 2020 434,547 434,547
At 31 October 2021 434,547 434,547
Net book value
At 31 October2021 434,547 434,547
At 31 October2020 434,547 434,547
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Cash and cash equivalents
2021 2020
£ £
Cash atbank 28,375 42,213
10 Creditors: amounts falling due within oneyear
2021 2020
£ £
Other creditors 233,087 234,137
11 Funds
Balance at I
November
2020		 Incoming
resources		 Resources
expended		 Balance at31
October2021
£ £ £ £
Unrestricted funds
General
632,457		 16,974 (5,461) 643,970
Balance at 1
November Incoming Resources Balance at31
2019 resources expended October2020
£ £ £ £
Unrestricted funds
General
667,578		 47,375 (60,844) 654,109

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Bradford Cinderella Club

Notes to the Financial Statements for the Year Ended 31 October 2021

12 Analysis of net assets between funds

12 Analysis of netnet assets between funds
Unrestricted Total funds at
funds 31 October
General 2021
£ £
Tangible fixed assets 462,689 462,689
Fixed asset investments 434,547 434,547
Current assets 28,375 28,375
Current liabilities (231,087) (231,087)
Total net assets 694,524 694,524
Unrestricted Total funds at
funds 31 October
General 2020
£ £
Tangible fixed assets 472,765 472,765
Fixed asset investments 351,616 351,616
Current assets 42,213 42,213
Current liabilities (234,137) (234,137)
Total net assets 632,457 632,457
13 Analysis ofnet funds
Atl November At31 October
2020 2021
£ £
Cash atbank and inhand 42,213 42,213
Net debt 42,213 42,213
Ati November At 31 October
2019 2020
£ £
Cash atbank and in hand 58,634 58,634
Netdebt 58,634 58,634

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Bradford Cinderella Club

Statement of Financial Activities by fund for the Year Ended 31 October 2021

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||||||| |---|---|---|---|---|---| |Total|Total| |Unrestricted|Unrestricted| |Funds|Funds| |2021|2020| |£|£| |Income|and|Endowments|from:| |Donations|and|legacies|5,601|35,233| |Other|income|40,074|5,094| |Total|income|45,675|40,327| |Expenditure|on:| |Charitable|activities|(6,716)|(24,598)| |Other|expenditure|(27,446)|(29,198)| |Total|expenditure|(34,162)|(53,796)| |Net|income/(expenditure)|11,513|(13,469)| |Net movement|in|funds|11,513|(13,469)| |Reconciliation|of funds| |Total|funds|brought|forward|632,457|667,578| |Total funds|carried forward|643,970|_ 654,109|

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Bradford Cinderella Club

Detailed Statement of Financial Activities for the Year Ended 31 October 2021

Total Total
2021 2020
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Income and Endowments from:
Donations and legacies (analysed below) 5,601 35,233
Other income (analysed below) 40,074 5,094
Total income 45,675 40,327
Expenditure on:
Charitable activities (analysed below) (6,716) (24,598)
Other expenditure (analysed below) (27,446) (29,198)
Total expenditure (34,162) (53,796)
Net income/(expenditure) 11,513 (13,469)
Netmovement in funds 11,513 (13,469)
Reconciliation offunds
Total funds brought forward 632,457 667,578
Totalfundscarriedforward 643,970 654,109

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Bradford Cinderella Club

Detailed Statement of Financial Activities for the Year Ended 31 October 2021

Total Total
2021 2020
£ £
Donations andlegacies
Appeals and donations ‘ 5,601 25,233
UK Government grants - 10,000
5,601 35,233
Other income
Income from listed investments 11,373 12,132
Interest on cash deposits - 10
(Gain) onprogramme related investments 28,701 (7,048)
40,074 5,094
Charitable activities
Funding (6,716) (24,598)
(6,716) (24,598)
Otherexpenditure
Portfoliomanagement costs (3,904) (3,516)
Insurance (3,379) (3,591)
Telephone and fax (1,041) (1,348)
Rates (984) (1,341)
Office expenses (1,607) (264)
Light and heat (3,096) (5,263)
Just giving costs (216) (216)
Sundry expenses (1,142) (1,582)
The audit ofthe charity's annual accounts (2,000) (2,000)
Depreciation offreehold property (10,077) (10,077)
(27,446) (29,198)

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