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 

Page | 

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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: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charities SORP; 

- make judgements and estimates that are reasonable and prudent; 

- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. 

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 



; 

## 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. 

## ccc 

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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. 

## RRR Rr 

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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<br>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|
|8<br>Fixed asset investments||||
||2021||2020|
||£||£|
|Otherinvestments|434,547||351,616|



Page 12 

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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|
|9<br>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<br>2020|Incoming<br>resources|Resources<br>expended|Balance at31<br>October2021|
|£|£|£|£|
|Unrestricted funds||||
|General<br>632,457|16,974|(5,461)|643,970|
|Balance at 1||||
|November|Incoming|Resources|Balance at31|
|2019|resources|expended|October2020|
|£|£|£|£|
|Unrestricted funds||||
|General<br>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|
||t|x|
|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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