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 calh￿lne Bftllrf￿- a￿K￿nted Juty 2020 Mr Stuart Richards. Clerk to thg Trustees Other Offlcgrs Principal Offi¢e 4fll ..) r clo Mr S R￿hardS 9 Elm Drive 8radley Stafford ST18 9DS Charlty Registration N￿rn￿r 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 reF*Xt together with the fth￿al 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 educalK￿al 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 In￿Me which has been used to maintsin the properties lo ensure that they will be availa￿e for ftrtu￿ generations to enjoy. Publlc benefft The application of charity funds is retrIct￿l to thè Ir*Abl￿ of thg Parish of 8raJl8y and the immediate neighbourhood. The charity carries out a range of activitss in persuance of ifs aims. The trustees ￿nsid￿r 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 ￿U1rem￿ts in spite of th8 ongoing Covid 19 pandemic. The village hall had to close its. for a pericxj due to the restridions but aL*vil￿ 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$0&5r.: Recrultment and appolntment of Intstees Appointment of trustees is governed by the Trust Deed ofthe charity. Inducdon and tralnlng of Intstees New truslges are inducted into the ￿￿T￿ngS of the Trusl and the resrKM)sibilities of ¢haTrty trustees generally by disGu55ion with exisiting trustees. They are a150 encouraged to attend extemal courses. Oryanlsatlonal structu The day to day management of the thaNty ar#J its property is dew to the Clerk of the Truslees. Trustees meet six times a year and the Trustees a￿ wwnsibfe for the gerwal management dut￿ which are c8nied out on a voluntary basis. Major rtsks and management off th0￿ rtsks Fèsk Assessmenf The trustees keep the &*vities of the Tntst under revi&w. Par￿￿lartY v4ith regard to any major risks which may arise from time to time. Procedures are in pla￿ to monrtor and control ttrthe nsks to mrbgate any impact those risks may have on the Trust in the future. This indudes insuryd￿e cover where appropnate. 27 The annual report wa$ 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 Cha￿ty 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 8￿rdance Nwth th8 wuirements of the chari￿s 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 cOnn￿lon with the examination giving me cause to believe that in any matorial respe gl 1. acct)untiThJ records w￿e ￿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 C￿CernS arKI have come across no other matters in conn*tion with the examination to which attentk)n shoufd be drawn in this report in order to enable a Fyoper U￿le￿18ndiTrJ 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 End0vffl￿nts 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 a￿1 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 y￿h AeL￿JnI]fig and Repytsng by charl￿es.. Statement of Rec£Jmmended Practice applicable to tharities preparing their accounts in acix)rdance wth the Financial Reporting Stsndard applica￿8 in the UK and Repu￿1¢ of I￿land (FRS 102) {effectiv8 1 January 20191- (Charities SORP (FRS 102)), the Financial RetMxbTrJ Standard ap￿4(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 ￿l￿nting FM)licy notes. 711165 Golng COn￿M 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 signif￿ant doubt on the ability of the charity lo continue as a going con￿M. The trustees make this assessment in respe¢i of a period of one year from the date of appr￿al of the financial state￿￿ts. 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 am￿jnts are induded within the finanaal statements for time and services dr￿ated 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￿)gniSens". 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{X￿Unting recx)rds. All other records and related inf0M￿tion 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 $u¢h information has been withheld. Accounllng poli¢i•s We confimi that we have reviewgj the th￿Ity'S ￿lUntIng Ed￿leS and estiff0tiC￿ techn•]ues and, having regard to the possible altemative polrAes and tethniques. the a¢(>Junting poli￿e$ and estimatitin lechniques selected for use in the preParat￿1n 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￿.AC￿￿ntifig and ReFQrting by Charrb"es' or other requirements. Contractual arrang￿nOThtsIagr••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 r*nlion of Gharitable slatus. or that could have a material effect on the financial ststements. We are ￿t aware of any irregularltw or alleg*i(ms of irrrfu￿ribe$ 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¢knO￿edge respons￿1 ilty for the dwn and imptemwdknon of Intemal to Frnent and de￿t fraKI. We have disclosed to you: the resufts of our assessment of the r￿k that the financial staterrEnts rrAy be materlally misstated as a resuli of fraud ill our knowtedge of fraLvJ or suspecied tra￿1 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 fr*Jd, or su5k*Gted 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 notif*d to you and W￿re 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 appI￿at￿￿t of such incljme. i-'PE s￿r. . 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 knI￿ledge. thrOugr￿Ut 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 cUr￿nt 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 c*anty'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 Classi￿￿0n of assets and liabilities refieGted in the financial statamerts. In our opin#)n. on reali%ation in the txdinary (X￿tse 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 re￿rded or disdosed. a5 apprcpriate, ajl liabilibes. both and conting8nL Lftlgatlon We are not aware of any pending or threatened litigation, pr￿￿1￿$, hearing or dairns negotiations may result in signfficant Ioss to the clHnty. Trustee For and on behaff of The Bradley Trust