Charty registration number.. 528448 2m The Bradley Trust Annual Rewt Finan¢ial Statements for th8 Year Ended 31 Decembgr 2020
The Bradley Trust Contents Refer&n¢e and Administrative Details Trustees. Ret 2to3 Independent Examinerfs ReF Statement of Financxal Activities 5t06 Balance Sheet Notes to the Financial Statements 8t019
The Bradley Trust Reference and Administrative Details Trustses Mr StepFffjn Furross. Chair Mr John Smith. Cha Miss Eltzabeth Metcall Mrs Karen Wlkes Mr Robert Tumer Mr Graham Wryht Mr Robert Fletcher Mr John Carwjht Mrs Jathe Willians Mr Leigh Farmer Rev calhlne Bftllrf- aKnted Juty 2020 Mr Stuart Richards. Clerk to thg Trustees Other Offlcgrs Principal Offi¢e 4fll ..) r clo Mr S RhardS 9 Elm Drive 8radley Stafford ST18 9DS Charlty Registration Nrnr 528448 Solicilo Hand Morgan & i)wen 17 Martin Street Stsfford ST16 2LF Banker8 Yorkshire Bank PIC 52 Green9ate Street Stafford ST19 SAP Da Denson ACMA VAST The Dud Centre Hanley Stoke on Trent ST1 5DD Independent Examiner ef1 Page 1
The Bradley Trust Trustees. Report >n919 The trustees present the anwal reFXt together with the fthal statements of the charity for the year ended 31 December 2020. Objectlves and actlvltles Objects and alms The objectives of the charity as sot out in the g)veming are to FKOVKle educalKal training arml religiws activities to children; young pecple" the elderty and other groups by means of grants to indivhluals and organisatKMis and provision of buildings. faciltbes and op8n space. Land and buildings owned by the charity are rente(I IMJI to provide InMe which has been used to maintsin the properties lo ensure that they will be availae for ftrtu generations to enjoy. Publlc benefft The application of charity funds is retrIctl to thè IrAbl of thg Parish of 8raJl8y and the immediate neighbourhood. The charity carries out a range of activitss in persuance of ifs aims. The trustees nsidr that these aclNities provtde benefft to those using the fac41ilies arKI the c(¥nmunty as a whole. The trustees confimi that they have complieil with the requirements of section 17 of th& Charitss Act 2011 to have due regard lo the public benefft guidance published by the Charity Commisston for EngLqnd and Wales. Achievements and p•rfomiance The charity continued to operdte and fulfilled all grant U1remts in spite of th8 ongoing Covid 19 pandemic. The village hall had to close its. for a pericxj due to the restridions but aLvil recommenced when they c#)uld. Financial review Policy on rnsems As at 31 December 2019 the chaiity had total fijnds of £ (2019: £1.699.643) the income from is consKlered adequate to maintain land and buildings for future JEars and to provwje grants arwj d(ffiations whl¢h s8tisfy th8 charitable objects. Th8 Iruslees have set aside £5,(xxI for proFerty repairs. £4,(IXI for higher 8ducalM)n grants. £3,100 for other grants and £2,500 for the car park for the coming year. The trustees have adopted a re3erves p)licy whK Sh¢Id ensure thot Equ funds arn maintslned at appoximalely 12 months running costs. Investment polky and obio¢dves The trust deed authorises the truste8S to make and h(Ad inveslments. Subject to directions of the Charity Commission 811 sums are investe(I tn trust for the charity. Strudure* goveTnance and managomenl Nature of govgmlng document Th6 Charity was originalty fomied in the 16th century armj has until th8 pres8nt day. In ils present fonn the Charity is govemed by 8 Trust Deed dated 26 Odobtt 1989 as amerKled on 29 January 1991.
The Bradley Trust Trustees. Report ,3 li$0&5r.: Recrultment and appolntment of Intstees Appointment of trustees is governed by the Trust Deed ofthe charity. Inducdon and tralnlng of Intstees New truslges are inducted into the TngS of the Trusl and the resrKM)sibilities of ¢haTrty trustees generally by disGu55ion with exisiting trustees. They are a150 encouraged to attend extemal courses. Oryanlsatlonal structu The day to day management of the thaNty ar#J its property is dew to the Clerk of the Truslees. Trustees meet six times a year and the Trustees a wwnsibfe for the gerwal management dut which are c8nied out on a voluntary basis. Major rtsks and management off th0 rtsks Fèsk Assessmenf The trustees keep the &*vities of the Tntst under revi&w. ParlartY v4ith regard to any major risks which may arise from time to time. Procedures are in pla to monrtor and control ttrthe nsks to mrbgate any impact those risks may have on the Trust in the future. This indudes insuryde cover where appropnate. 27 The annual report wa$ approved by ts trustees of the chaiity on ..... . . arnj signed on Èls beha by. Mrst phen Fumess Trustee J8.81. ohn Smith Tnjstee MI Elizabeth Me Tnjstee Page 3
The Bradley Trust Independent Examinefs Report to the trustees of The Bradley Trust I report to the Chaty trustees on my examinati(M of th8 accounts of the tharity for the year ended 31 December 2020 which are set out on pages 5 to 19. Respectlve responslbllltles of trusteè5 and examlner As the charity's trustees of The Bradley Trust YDU are restthsible fc ts preparation of th8 accounts In 8rdance Nwth th8 wuirements of the charis 2011 (Ihe Arf). I report in r8SP8Ct of my examination of the The Bradley Trusvs acwjnts carried out under secllon 145 of the 2011 Act and in caryng out my examtrnatt I have followed all the appli¢able Directions given by the Charty Commission under section 145{51{bl of the Act. Independènt examlnrfs statomont I have completed my examination. I Confi that Th) material matters have come to my attention in cOnnlon with the examination giving me cause to believe that in any matorial respe gl 1. acct)untiThJ records we t kept wi respect ofThe Braley Trust as rg]uired by Secti 130 ofthe Act.. or 2. Ihe accounts do not accord wtth ttThe records: crf 3. the accounts do not comply wilh the ac(xJunting requirements conceming the form and content of aC)unts set out in the Charitios (Accounts aThJ Reports) Regulations 2LX)8 olher than any requirement Ihal the aco)unts gwe a llrue aThJ fair vievl whith not a matter considered as part of an independent examination. I have no CCernS arKI have come across no other matters in conntion with the examination to which attentk)n shoufd be drawn in this report in order to enable a Fyoper Ule18ndiTrJ of the ac(x)unts to be reached. Dar Denson ACMA VAST The Dudson Centre Hanley Stoke on Trent ST15DD Date". 2910712021 Pa9e 4
The Bradley Trust Statemont of Financial Activities for the Year Ended 31 December 2020 Rostrictod Endowmont funds funds Total 2020 Incoma and Endowments from: Donations and legacies Olher tradirKJ activitses Investment inLX)me Other income 10.0(M) 2.011 10,OC(I 2.011 11,343 2g,004 11.343 29.004 Total Income 12,011 40,347 52.358 Expendlture on: Raising funds Charitable activities Other expenditure . Total Expenditure Gainsllossos on investment assets (3.2591 (17.559) 4.259 i) 8%l (3.259) {23,940) ,950 (6.381) 3.691 10,072 25.077 1.570 35.149 1.570 Nel income Gross transfers between fvnds 1.939 1,939 16,840 1,939 18,779 Net movement in fvnds 18.779 18.779 Re¢on¢lllatlon of funds Total funds brought foDNard 152,706 1.547,557 1,7CM),263 1.719,042 Tolal fvnds carried forward 18 152.706 1.566.336 The notes on pages 8 to 19 fomi an Integrdl part ofthese finanoal statements. Page 5
The Bradley Trust Statement of Financial Activities for the Year Ended 31 December 2020 Total 2019 funds funds Income and End0vfflnts from: Cther trading activities Investment income other income 12.205 28.147 12.205 28,147 T¢Xal Income 40,352 46,346 Expendlture on: Raising funds Charitable a(aTrvities Other expendlture {3,3931 ?0 v 13.3931 111.8721 119.5471 4.291 6.568 (7.6751 2.277 Total Expendtture Gainsnosses on investsnent assets {9,9521 119,556) 17.329 129,508 17.329 Net lexpenditurgjfincome Gross transfers b8tsv88n funds 13.958) 38.125 3,958 34,167 Net movement in funds 34.167 34,167 Reconclllatlon of funds Total funds brought forward Total funds carrfed fopward 152.7C 1.513.390 1,666,096 18 152.7C 1,547,557 1,700,263 The n¢)tes on pagès 8 to 19 form an integral part of11 finan(aal statements. Page 6
The Bradlay Trust (Registration number: 528448) Balance Sheet as at 31 December 2020 2020 2019 Flxed assets Tangible assets Investments 13 14 1.157.rM)o 417,681 1.157,000 418.601 1,574,681 1.575,601 Current assets Debtors Cash at bank a1 in hand 15 16 1.963 143,418 1,863 124,289 126.152 145,381 Credltors: Amounts falling du• withln one year Net ¢urront assets 17 1.020 1.490 144,361 124,662 Net assets 1.719,042 1.700.263 Funds of the ¢harfty: Endowment fund$ . 1,566.336 1.547.557 Reslrlcted in¢ome funds Restricted funds 152.7C 152,7C Total funds 18 1,719.042 1.7(M).263 an(aal statements on pages 5 to 19 were apwoved by th8 tn. and authorised for issue on . and signed on their behaw by. phen Fumess Tnjstee J:lakll ohn Smrth Trustee Miss Elizabeth Metca Trustee The notes on page5 8 to 19 form an integral part of these finanoal statements. Page 7
The Bradley Trust Notes to the Financial Statements for the Year Endod 31 December 2020 gan 1 knounting policies statement of compllance The fin8ndal statements have been prepared in acxordance yh AeLJnI]fig and Repytsng by charles.. Statement of Rec£Jmmended Practice applicable to tharities preparing their accounts in acix)rdance wth the Financial Reporting Stsndard applica8 in the UK and Repu1¢ of Iland (FRS 102) {effectiv8 1 January 20191- (Charities SORP (FRS 102)), the Financial RetMxbTrJ Standard ap4(abl9 in the UK and Repubiic of Ireland IFRS 102) and the Charities Act 2011. Basis of preparation The Bradley Trust meets th& definibon of a rxlb1 benefft entity under FRS 102. Assets and liabilitFes are initialty recognised at historical c4)st or transacknn value unless otheTh¥ise stated in the relevant lnting FM)licy notes. 711165 Golng COnM The finanaal slatement8 ha be8n prepared on a wing basis. The trustees assess whether ts use of going Conc is appropriate i.e. whelher there are any malerlal uncertainties ret8ted to events or Conditsor that may st signifant doubt on the ability of the charity lo continue as a going conM. The trustees make this assessment in respe¢i of a period of one year from the date of appral of the financial statets. Income and endowmonts Grants CeIVable Grants are reo)gnised b¥then the charity has an enttt18ment to the funds and any conditsons linked to the grants have been met. Where perfom)ance (x)ndibons a attach&J to the grant and are yet to be met. the In(x)me is recognised as a liability and induded on the balan sheet as deferred inrx)me to be released. Donated services and fa¢llftles No amjnts are induded within the finanaal statements for time and services drated by vdunteers. Investment income Investments are included at market Value ustng the Tnjstees. investrn8nt athsers. quotslions. Inveslment income is reo)gnised gross on a receipts basi%. Movements on the market value of investments are also treated as unrealised gains losses. Expendlture All expenditure is re)gniSe<l orKX there ts a legal or constnth ob11gatp to that expenditure. it is probable settlement Is requlred and the amount can be measured re148bly. Al costs are allocated to the applicabl8 exp8nditure heading that aggregate similar o)sts to that ¢at8gory. Where o)sts onnot be directy attribuled to paCUlar headings they have been allocated on a basis nsiStenI with the use of resources, vitth ntral staff costs allocated on the basts of time spenl, and depreryation charges alloca1 ijn the portion of the assevs use. Other supwrt ctsts a allocated based on the spread of staff costs. Ralslng funds These are costs incurred in attrathng vdunlary inclyne. the management of invesknents and those incurred in trading activit Ihat raiso frjnds.
Th• Bradley Trust Notes to the Financlat Statements for the Year Endod 31 December 2020 Charltable activitles Charitable expenditure c¥)mprises those costs incurred by the charity rn the delivery of Éts activthes and serwices for ils beneficiartes. It indudes both costs that can be allocated directy to such actsvities and those costs of an indirect Dature ne(8ssary to support them. Grant provisions , Provisions for grants are made when the intention to make a grant has been e4)mmunicated to thg wplent but there is uncertainty aboLrt either the timing of the grant or Ihe amount of grant pardble. Govornanco costs These include the costs attributable to the eh8riWs compliance wth nStitutional and statuw requirements. induding audit, strategic management and trustees's meetings and feimbutsed exwises. Govwnment grants Govemment grants are recognised based ffl the accrual model and are measured at the fair value of the asset received or receivable. Grants are dasstfied as relatrng either to revenue or to assets. Grants relating to revenue are reco9nised in income over the peTiod in whith the related costs are rectsjnised. Grants relating to assets are recognised over the expecW usefvl life d the asseL part of a gfant relab.ng to an asset is defeThed, it is recognised as deferred Income. )7uS)dl Taxatlon 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 charttable cornpany for UK rporatiOn tax puws. Accordingly. the charity Is potentially exempt from taxab.on in respect of income or pital gains receNed thIn tegOrieS cEvered by Chapler 3 Part 11 of the Corporation Tax Act 2010 or Se¢tion 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such incorne or gains a ap[led exduswely to charitable purposes. Tanglble fixed assets Individual fixed assets costing £5CM) c more are inibalty recorded at cosc sS any subsequent accumulated deprecialion and subsequent accumulated impainnent losses and are depreciated over the expected useful life of the asset. Freehold Land and Buildings are induded at valuation which is remthved Iri4nnually by the trustees. The trustees do not nSider it is approprtate to chapJe deWeuat1c laThJ and buildirYJs. io moi Flx•d as8•t Inv08tments Fixed asset investments. other than programme related investments. are indud&J at market value at the balan sheet dale. Realised gains and losses on investments are (2lculated 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 knbvili¢J in the pericrfl of di5FW)5al. Unrealised gains and knsses represent the movement in market values duriNJ the year and aTr Ixedited or charg&J to the Ststement of Fin8nci81 Athrties based cffl the market walue at the end.
The Bradley Trust Notes to the Financial Statements for the Year Ended 31 December 2020 Trade debtors Trade deblors are amwnts due ff(Kn Custo for mer(andise sokl or semces perfomRd In the ordlnary course of business. Trade debtors are recognised iniallY at the transathon Prtce. They are subsequenty measured at amortised cost using the effective interest method. less provision frjr impaimient. A provision for the impairment of is established when there is objective ewdence Ihat the win not L able to ojllect all amounts due acixxding to the origin81 terms of the receivables. Cash and ¢a5h equivalenls Cash and cash 8quivalents MpriSe sh on hand and call deFxJsits, and other short4emi highly liqusd Investments that are readily nyble to a knobwn am(wJnt of cash and are subject to an insKJnificant risk of change in value. "Jn67o Jfi•i Creditors Creditors are recognised where the charity has a present otligatKm resulting from a past event that will probably result in the Iransf8r of frjnds to a third party and the amount due to settye the obligation can be measL¢Ted or estimated reliably. Fund structurn Restricted income fvnds are th¢e donated for use in a palar are8 or for specffic purposes. the use of which is restiicted to that area or purF(6e. 2 Income from donatlons and legacl8s Total funds funds Grants, including capital grants" Govemment grants 10.000 10.000 Totsl for 2020 10,000 10,000 3 Incorne from other trading activtb•s Restricted funds Total 2020 1%17 Trading Irme., Other trading in(*Jm& 2.011 2,011 Rostrictsd . funds 2,011 2,011 Total 2019 Trading Inrne: Other trading Inco 5,994 Page 10
The Bradley Trust Notos to the Financial Statements for the Year Ended 31 December 2020 4 Investrnent income Endorent nds Pernianent Totsl 2020 In(¥)me from dividends: Dividends receivable from other lisbj invesknents Interest receivable and similar income: Interest receivable on bank deposits Other income from fixed asset inveslments 9.984 9,984 890 469 11.343 11,343 Endowrngnt funds Tolal 2019 Income from dividends., Dividends receivable from other listed invesbnents Interest receivable and similar income: Interest receivable on bank deposits Other inccffie from fixed asset investments 11,531 11,531 670 670 12.205 12.205 Page 11
The Bradley Trust Notes to the Financial Ststements for the Year Ended 31 December 2020 S Other Income *IIt•VE)I Endowment funds Pernwnent Total 2020 Insurance c18im Fees and supplies Rentsl incc4ne 2,528 2,528 25.832 25,832 29.004 29,004 Endovmient funds Pennangnt Tolal 2019 Fogs and supplies Rental income 27,487 28.147 27,487 28,147 6 Exp8ndiiurn on raising funds a) Investmgnt managemenl costs Endowment funds PernMnont Total 2020 Other investsment management costs" Amounts payable to instment managers 3.259 3,259 3,259 3,259 Endowment funds Pefflnent Total 2019 Other investment management costs: Amounts paydble to investment marwgers 3.393 3.393 3.393 3,393 P8g8 12
The Bradley Trust Notes to the Financial Statements for the Year Ended 31 December 2020 7 Expenditure on charltablo actlvltles Endowment funds Pernianent Total 2020 funds Property expenses Teachers, fees Grant funding of 8ctivblies Govemance costs 5,286 1,095 9.724 15.010 1,095 6.740 1.095 6.740 1,095 6,381 17,559 23.940 Endowment funds Pernianent Total 2019 funds Propety expenses Teachers. fees Grant funding of activities Govemance costs 5.195 3.167 8.362 2.480 7,500 1.205 1,205 11.872 7.675 19,547 8 Analysi¥ of govemance and support costs 'jfi'(i Oaf5 Govgrnan¢e costs Endowment funds Pernianent Total 2020 Independent examiner fees Examination of the ffinanal statements 1,095 1,095 1.095 1.095 Endowmènt nds Total 2019 Independent examiner fees Examinatiw of the finanaal ststements 1,205 1.205 1,205 1,205 Page 13
The Bradley Trust Notes to the Financial Statements for the Year Ended 31 December 2020 9 Government grants A £10,(NJO Retail, HospitJty and Leisure Grant was r1ved from Stsfvd Borough Council to provide support towards the charitys costs during the COVILk19 pandem. The amount of grants recognis8J in the finawal statements VRS £10,OtK) {2019- £Nil). There were no unftilfilled condikns at the yèar end. 10 Grant4naklng Analysis of grants Grants to InslltsAlons 2020 2019 Grants to Indlvlduals 2020 2019 Anatysis Bradley PCC Haughlon School Church Eaton Sch(x FendShiP Circle Educational Grants 1,1 500 2.340 1.400 4,400 6.1(K) 1.400 Tho support costs associated grant-maknrvj are £Nil {31 t)mber 2019- £Nil). 11 Not Incomingloutgoing f060urcos Nel incoming resources for ts year NKlud&: '[lo 2019 Lossllprofft) on dist of investments 17,239 12 TNstees remuneration and expenses No trustees have receNed any relmbued expertses or other beneffts from Ihe charity during the year. n3 Page 14
The Bradley Trust Notes to the Financial Ststemonts for the Year Ended 31 Decembor 2020 13 Tangible fixed assets Land and buildings Total Valuatlon At 1 January 2020 At 31 December 2020 1,157,(KIO 1,157.000 1.157,000 1.157.000 Depreciation At 31 Dember 2020 Net book value At 31 Dmber 2020 1.157.000 1.157,000 1.157,000 1,157.OIXI At 31 Dec*mber 2019 c, 18'A. Page 15
The Bradley Trust Notes to the Financlal Statsments for the Year Ended 31 December 2020 Revaluation The fair value of the eompanls land and tmjfidings Wds revalued on 21 Marth 2016 by South and Slubbs, Chartered Surveyors and Valuers, an indeperKlent valuer. The trustees are in the pr(e$S of revaluir¥J the Tra1 and buildings. holVer this has been delayed due to the ongoing COVID-19 pandemic. Had this cL2ss of asset been me8sur•J on 8 h1stori1 cost basis. Iheir carying am(KJnt w(wkl have been £Nil (2019 £Nil). 14 Fixed asset Investments 2020 2019 Other investments 417,681 418.601 Othèr Inv•stm•nts Llstod investments Total Cost or Valuation At 1 January 2020 Addttions Oisposais 418,601 {1,433) 513 418.601 11,433) 513 At 31 Decernber 2020 417,681 417.681 Nèt book value At 31 Decgmb8r 2020 417,881 417,681 At 31 December2019 418,601 418,601 Al the r end £397.411 (2019: £418.590} Wds h81d in listed inv8Stments and £20,270 (2019.. £11) in cash. 15 Dablors 2020 2019 Prepayments Olher debtors 1,213 750 1.113 750 1.963 1,863 Pa3e 16
The Bradley Trust Notes to tho Financial Statements for the Year Ended 31 December 2020 16 Cash and cash equlvalents 2020 2019 Cash on hand Cash at bank Short-term deposits 81.033 62.339 62.843 61,419 124.289 143,418 17 Crndltors: amounts falling due within ono year 2020 2019 Other creditors Accruals 500 990 1,020 1.020 1.490 18 Fund8 Balance at Other 31 Incomlng Resourrns rgcognlsed Decembor rgsources •xpended Transfgrn gainslllosso5) 2020 Balance at 1 January 2020 Restrfcted funds 152.71 10,916 (8,9TI) (1.939) 152.706 Endowment funds Pemianent 1,547,557 3.673 1.939 1,570 1,566.336 1.719.042 Total fvnds 1.700.263 12.650 1.570 Balance at 31 Incoming Resources recognlsed December sources expended Trnnsfern galnsl{losses} Balancfj at 1 January 2019 2019 Restricted Village Hall Fund Endovfflient funds 152.706 {9.952) 152.706 Permanent Endowment Fund 1,513.3 19.556 17,329 17,329 1,547,557 Total funds 1,666,096 46.346 1,700,263 Page 17
The Bradley Trust Notes to th8 Financlal Statements the Year Ended 31 December 2020 The specfflc purposes for whith the fun(ts are to te appr are 8$ fdlows: The Village Hall Fund is used directy ty the Charity for &JucatiOl other benefits for the Inhabttants of Bradley Parish. Funds available after maintaining the propety of the Chaiity and meeting other charg8s arising from the propety including administrabon and managgment are available for charitable PUTFoses for the general benefft of the inhabitants of the Parish of Bradley. The Endowment fund and assated income held by the trust afe to be used for the benefft of the residents of Bradley indusrve of educational grants, grants for sthx)Is and local groups and the upkeep of the wllage hall. Iii o£0 Pa9e 18
The Bradley Trust Notes to the Financial Statements for the Year Ended 31 December 2020 19 Anatysis of net assets between funds Total funds at31 December 2020 Endowmont funds Pemonerrt funds Tangible fixed assets Fixed asset investments Current assets Current liabiliknes 150.oc 1.007.000 417.681 119,989 1.020 1,157,000 417,681 122.695 1,020 2.706 Total net assets 152.706 1,543,650 1,696,356 Total funds at31 Endowment funds P•mianent funds 2019 Tangible fixed assets Fixed asset investments Current assets Current liabilities 150,(M)O 1.007,000 418.601 123.446 1.490) 1.547.557 1.157,000 418,601 126.152 1.490 2,706 Total net assets 152.7( 1,700,263 20 Taxatlon The charity is a registered charity and is Ihereffft exempt from taxation. 21 Relaled party transacllons During the year the chaiity made the folkhmng related paty transacaions: S Wilkes (Husband of trustee. K Wilkes) S Wilkes provid&Y caretaking semces to the value of £286.LKJ {2019: £251.73} for the wllage hall during the year as temporary cover for the man (aretaker. At the balano sheet date the amwnt due tclfrom S Wilkes was £Nil (2019 £Nil). O Wilkes (Daughtfjr of tru8t*Mb, K Wilkea) A £350 grant was paid to O Wilkes Hi the yBar (2019: £350). K Wikes was not present for the discussion and approval of the grant payment by the other tnjstees. At the balance sheet date the amount due tolfrom O Wilkes was £Nil12019 - £Nil)- Pagg 19
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Th• Bradl•y Trust clo 9 Elm Driv• Bradl Stafford ST18 9DS VAST The Dudson Centre Hope Street Hanley Stoke on Trent ST15DD This eSenIatiOn letler is provided in Gonnection with your IrAleFent examination of the financtal statements of The Bradley Trust for the year ended 31 Drntser 2020 for the wrp)se of providing an independent examinerfs report in accordance with seclion 145 of the Chartbes kt 2011 and the Generdl Directions on independent examinations given by the Ch¥ity CommissK)ners under section 145IS)Ibl olthe chare$ 2011. We acknowledge as trustees our responsibilities under the Chafityes 2011 for preparing ffinandal S1ateffts which give a true and fair view and for maknng axur rewesentations to you. OA•J&l We confimi that the fo11(Ang rewesenlations are made on Ihe basi5 ofenquwies ofmanagement and staff ofthe charity with relevant knowledge and eXperier and. where appropriate, of instctK)n of supportirKJ dcrtUMentati sufficient lo satisfy ourselves th we can propety make each ofthe follcming representations to you We confimi. to the best of our knu•Aedge and Wief and havng me a(v ewuiries of¢)Ihertrustees and officlals of the Charity, the following representstK>ns". Aceountlng r•cords All the acKounting records have been made availabk to you for the purt>)se of your independent examination and all the transactions undertaken have been pro reffeL#ed and recryded in the a{XUnting recx)rds. All other records and related inf0Mtion which might affect the truth and tdime55 of, or ne¢essary discbsure in. the financial statements. ind¢Jding minutes of trustees. and levant ffAnagrnit meetings. have been rnade available to you and no $u¢h information has been withheld. Accounllng poli¢i•s We confimi that we have reviewgj the thIty'S lUntIng EdleS and estiff0tiC techn•]ues and, having regard to the possible altemative polrAes and tethniques. the a¢(>Junting polie$ and estimatitin lechniques selected for use in the preParat1n ofthe finantrial statemntsarethe most approwi to gp•t a true a)d fairview forthe chanty's parbcular ¢ir¢umstances, as required ty FRS 18. R•lat•d partl•s We confim that we have dlsclosed all relataj party transacknns relevant to the charity and that we are not aware ofany other such matters required to be dt5dosed in the financial statements whether under FRS 8. the Statement of Recommended Practi.ACntifig and ReFQrting by Charrb"es' or other requirements. Contractual arrangnOThtsIagr••m•ntr All contractual arrangements entered into by the charity with third parlies have been wopety rellected in the acwunting records or, where material {or potentialty t)1) to finanaal have been dk%bsed to you. Laws and rngulatlons We are not aware ot any irtstanc88 ofactual or potentbal brea¢ of or non-compllance Mv5 ana regul"ons that are central to the chari¥s abilty to corxlud its business, to the rnlion of Gharitable slatus. or that could have a material effect on the financial ststements. We are t aware of any irregularltw or allegi(ms of irrrfuribe$ including fraud, involving management or employees vtho have a signrficant rofe in the •Jxunthry and intemal LYAthI syths, or th Ixukl have a material effect on the financial statemen
Frnud We a¢knOedge respons1 ilty for the dwn and imptemwdknon of Intemal to Frnent and det fraKI. We have disclosed to you: the resufts of our assessment of the rk that the financial staterrEnts rrAy be materlally misstated as a resuli of fraud ill our knowtedge of fraLvJ or suspecied tra1 affectirvJ the charriy invofving.. . Management • Employees who have significant roles in intemal e£ntrol. or • Others where the fraud coubj have 4 materwl effeLt on the finan(aal stateff. iii) our knowledge of any allegattcffis of frJd, or su5kGted fraud, affecliThJ the tharivs ffinanL?al siatements communicated by employees, fofmer employees. analysts, regulaiors or others. DI Grants and donallons yili:" All grant5, donations arKJ otr¢¥ income have been notifd to you and Wre the receipt is subject to speeAfic temis or Conditions, we wnfirm that they have been recorded in restrictsd funds. There have been no breaches of temis or conditions durlng the perityj in the appIatt of such incljme. i-'PE sr. . Completenoss ol In¢om• We confimi that to the ttht of our kntrwledge all re(b by the Chaiity during the accounting period has been induded in the finanoal statements. Taxation We confirm that to the best of our knIledge. thrOugrUt the year. the Charty has a(ed wilhin its charitable obje¢tNes and therefore there are no activibes on whtch the Charty should be accounting for dire taxes. Subsoquent •v¢nts With the exception of the impa ofthe COVIt>19 pandemic whK has been fvlty disclosed in the ac£ounts. there have been no circumstances or events subsequent to the period end rEquire adjuslmert to ordisthsure in the financial statements. the notes thereto and the tru5tees' report Going Concom We believe that the charity's financial Statem should be prepared on a going basis on the grounds that the cUrnt and future sources offunding or supwt will be more than adequ for the tharity's needs for at least the next year from the date of this letter. We believe that no further disclosures relating to the canty's aknlity lo ntInUe as a goiThJ wnGem need to be made in the financial 51atements. Ass•ts and liablllU•s We have no plans or intentions th nw n*rialty alier the Lyrrying Yalue or Classi0n of assets and liabilities refieGted in the financial statamerts. In our opin#)n. on reali%ation in the txdinary (Xtse ofthe business the ojrrent assets in the balantÈ sheet are expected to produce no less than the net book amounts at which they are slated. gm The tharity has not had nor enlered into at any time during the year. any arrnngement. transaction, or agreement to provlde credit facilibes linGtuding loans, quasi-k4ns ¢y credit facilrtiesl br trustees nor lo guarantee or provide security for such matters. We have rerded or disdosed. a5 apprcpriate, ajl liabilibes. both and conting8nL Lftlgatlon We are not aware of any pending or threatened litigation, pr1$, hearing or dairns negotiations may result in signfficant Ioss to the clHnty. Trustee For and on behaff of The Bradley Trust