Charity regtstration number. 528448 The Bradley Trust Annu81 Report and Financial Slatements for the Year Ended 31 December 2021 Bradley Village Hall 8radley Stafford St8ffordshire ST18 9DY
The Bradley Trust Contsnts Réference and Adminislratfve Detsils Trustees, Report 2to3 Independent Examinerfs Rep(*t Statement of Finandal AcbviI88 5t06 Balance Sheet Notes to the Fironcial Statem 8t020
The Bradley Trust Reference and Administrative Details Trustees Mr step Fumess, Chair Miss FJizab8th Metca Mrs Karen Wlkes Mr Robert Tumer Mr Gr8h8m Wrlgm Mr Robert Fletchgr Mr John carl Mrs Jackie Williams Mr Leigh Famier R8v Cathoring Brumfflt Mr Stuart Ric*ords. Clwk to tho Trustees Oth•r offirn Charfty Roglstratlon Numb•r 528448 Prln¢ipal Offi Bradley Wlage Hall Bradlgy Stafftyd Slaffordshirg ST18 9DY Reglstor•d Offlc• o Mr S Rtharts 9 Elm Dflve Bradley Staffd ST18 9DS Da Den8 ACMA VAST The Dudson Centre Hanley Stoke on Trent ST1 SDO Independent Examlner Sollcltors Hand Morgan & Owen 17 Martin Street ST16 2LF Bankern Yorkshire Bank Pk 52 Greengate Street StaffcKd ST19 SAP
The Bradley Trust Truste85' Report Th8 trustees Fesent the 8nnuaE rewrt tJe the finan(aal ststements of the charity for the ended 31 December 2021. Objactivès and actMII Objects and aims The objectives of the dwrity as set (xjt in the g0vomi douJrrnt are to provide aducational training and religious activitw to thlhJr•n: peoe. the elderly and ott)er groups by means of grants to indiv4duals and organisations and provision of buiklings. facflmles and open spa. Land and buildings own1 by the charity are rented wt to provth income whth has b8gn used to maintain the properti8S to ensure that they will b& availabte for ffijre gerwakns to enjoy. The applICaOn of Lbarfty funds is restrlcied to th8 inhatolants of th8 Parish of BradFey and the Immedialo nelqhbourhood. Th8 charity e4rrfjes out a range of athties in pursuance of alms. The charity provldes grants lor th& r8sidents of Bradley for educational and other purposes, nJn3 the vill898 hall and provldes class85.The trustees consid8r that tr$6 activibgs provid6 befft to those uslng Ihe 18dS11188 and the communty as a v18. The Iruslees conflrm that they have complied ryth the requirements of section 17 of the Charitlos Act 2011 to have due regard to the publlc benefft gUIdar publishJ by th8 Charty Commission for England and Wales. Achlovèrnents and porfornianc¢ The twst8es have been able to keep th& Charity funnlrq and f1j all grant r8quirements. in sptte of the ongoing Covld 19 pandam. Fln8nclal r•vi•w The results for the year are Set 4JJi in the Siatement of Finanthl Ac¥fvllI. Pollcy on roseNe8 As al 31 December 2021 the thafity had total funds of £1.775,438 (2021". £1.719,042) thg Incom Irom which is considered adequate to maintsin land and buildings for futur8 years and to provide grants and don8tlon8 which salisfy the charitsble obpcts. The trustees have set aside £5.0(KJ for woperty repairs: £4,c for higher education grants; £3,100 for other grants arKI £2,500 for the car park for Iha comlng The tnjstees hove adopted a reseNes Fdl¢y whlth 3lM)ukJ ensure that Ilquid fuThls are maintained at appoximately 12 months wnning costs. InveStmt lleY and otyeclives Th¢ trust deed aUthor[S the trusteÈ* to m8ke and hold Invastrnonts. Subject to dbrg¥1ion8 of the Charty Commission all sums are invested in twst forthe thaiyty. P)truGturo. govornan¢• and management Nature of governlng document The Chartty was orrgir¢alty fomHI in the 16th ryjhjry and has LX)ntinued until the present day. In its present form the Charity Is govemed by a Trust t)eed dated 26 October 1989 a3 amended on 29 Jarbuxry 1991. P8ge 2
The Bradley Trust Trustees, Report Recrultment and appolntment of Ie8$ Appointment of trustées is governed by the trust de8d of the charity. In accordan¢8 *ith the twst daed. the trustee board comprises 2 trustees nominated by the Bradley Pan)thial Church Council, 3 Injstees nomlnaled by the Bradley P8r6sh Coun(il. 2 trusteeg nominated by the Bradl&y Parish Meeting, 3 Iruslees Oxspted by existing trustees and. the inrnben1 (pr-ircharge) of Brad18y Parish as an ex ¢)ffido tnJste8. The 3 I)pted trust88s should be persons who through resid8nce, occupation or employTront. or otheTh¥ise have spèdal kn¢)vledge of the parish of Bradley. Truste8s once nominated and apwnled acl as indldal$ and not as representalNes of the trf)dy who nominat&J them. Inductlon and tralnlng of trustoes New trustees are indu6ts3 into the vnjthngs of th8 Trust and the responsibilltres of charty tnjstees g•nerally by discussion vrith exlsltlng trustses. Thoy are also en¢xMJraged to attsnd extemal urse9. Ory•nlMdonal s¢ru¢lurn Thg day to day managèmant of th8 tharity arKI rts Fyoperty h deted to the Clerk of thg Trustee8. Trustees meet six limes a year and th6 Trust88s ar8 re5pMMsible for the general man4ement dulgs which are carrl•J out on a voluntary b8SiS. Major rfsk$ and man•genMnt of thoM rfsks Rlsk Assessment The trustees keep the activthas of th8 Tnt urKler rwthw. parti1• wilh rogard to any major rfsks whlch may art86 from timè to tiffle. Prttedures are in pl to monitor and ¢)Mtrol those risks to mttJg8te any impact those risks may have on the Trust in the future. This indudos insurance o)v&r ere appropriat&. Important non4dJustlng ov•nts after th• flnanclal perfod Income and expenditure cthegones whid) have historicalty b8en dasslfied as other income. other trading income and othér @ynditure have wowed and movéd to charitab aCtiVeS income and expend¢ture for the current and prior ytar. The movement is considered to be th& rne approprlate ClaSsrfats0n under the Chariti8s SORP {FRS 1021 {Se1 edition - 13rtober 20191 gutdelines. be by. phen Fumess Trustee Miss Elabeth Metcalf Truslee Page 3
The Bradley Trust Independent Examinerfs Report to the trustees of The Bradl•y Trust l port lo the trustees on my examinatirx) of the a)Unts of The Bradley Trnst for the >ear end8d 31 December 2021. Re8ponslbllltle8 and bast8 ol report As the charity trustees of The BradY Trust ar8 respK)nsibl8 for th8 preparation of the 8GC4wnts In accordance wilh the requiremeftts of the Chariti8ts Act 2011 {Y)e Act'}. I report in respect of my examlnation of the The Bradley Trusfs acthunts carried oul under sedion 145 of the 2011 Act and in (xrt my examination I have folk)wed 811 the appllcable Dlrectlons glv8n by the Charity Commission under sedion 145{5Xbl of the ACL Ind•p•ndgnt •xamln•rfs •tat•m I havo completed my examination. I nfim7 that rK) matedd matters have come to my attenwon In connectFon wtth the examination gMn9 me cause to believe that in any material respect.. 1. act4JJnting records Th)t kept Ni rt of The Brndl8y T1 as r8quir8d by sacknon 130 of the Act,. or 2. the accounts do not accord with thosa r$,. or 3. the aUnts do rtt)t cx)mpty wlth Ihe Scunting reoulrémonts o)nc8nNng the forn and cvntent of a¢countS set out in the Charities (Acctsunts and Rel8) Regulations 2(NJ8 other than any requlremenl that th8 accounts givo a Inje and far vw whith k% not a matter considered as part of an independent examination. I hav8 no concems and have come across no cAher mattorn in Lnei *ith thè examlnatlon to which attendon should be drawn in thks report in ty08r to enable a propor understandirrfj of the accounts to be reathed. Da Denson ACMA VAST The Dudson Cantre Hanley Stoke on Tr8nt ST1 SDD Dato.. 2510512022 Page 4
The Bradley Tt ststement of Financial Activitses for the Year Ended 31 December 2021 Restricted Endowment funds fund8 Totsl 2021 Nottt Income and Endowments from: Donations and 18gactes Chartlable activittes Investment in¢r)m8 Other income 10.368 1.725 10,368 27.459 7,932 169 25.734 7.932 169 Totsl Income 12.093 33.835 45.928 ExndItur• on". Ralslng funds Charitable actNitios (3.296) 29.181 13.296) 38,723 9,542 Total Expenditure Gainsllosses M Investment 8s8ets 9,542 32.477 52,485 42,019 52.485 Not incom• Gross transfers 06tY•een fvn¢Js 2.551 2,551 53.843 2.551 56.394 Nel movement in fund8 56.394 Rgconclllallon of funds Total funds brou*)t forward Totsl ftJnd6 carried forward 152,7¢ 152,7r 1.566,336 1,622.730 1,719,042 14 1.775,436 The notes on pages 8 to 20 form an in11 part of these financi81 slatenEnts. Page 5
The Bradley Trust Statement of Financial Actlvities for the Year Ended 31 Decembor 2021 Total 2020 funds Incom• and Endowmènts from: Donations and legacies Chadtable activtties Investment income Other Incomo 10.IM) 2.011 10,CNXI 27,843 11.343 3,172 25.832 11.343 3.172 Total Incw¢e 12.011 40,347 52,358 Expondlturn on: Raislng funds Charitable acUvStss {3,259) 21.818 13,2591 31,890 10,072 Total Expenditure Gainsllossey on investment a88ets 10.072 25,07T 1.570 35,149 1,570 Net income Gross transfers b6l*en fwrfls 1.939 1,939 16,840 1,939 18,779 Net movemènt in fijnds 18,779 18,779 RKonclllatl¢)n of fund• Total fvnds brought fc¥ward Total funds carried foNMrd 152.7( 152.706 1.547.557 1,700,263 1,719,042 14 1,566.336 The notes on pages 8 to 20 fotm an integral part ofllse firtanclal statements. Page 6
The Bradley Trust {Reglstration number: 528448) Balance Sheet as at 31 December 2021 2021 2020 Flxed assets Tangible assets Investrnents 1.157.OCKJ 466.877 1.157,0 417.681 10 1.623.877 1,574,681 Current a8Mt• Debtors Cash al bank and in hand 11 12 2.023 150.566 143,418 152.609 145,381 crlIOrS. Amounts falllng du• wlthln on• yo•r N•t eurr•nt ass•ts 13 1,020 151.559 144.361 N•t a$69ts 1,775.436 1,719,042 Fund• ol th• thtrity: Endovffliènt funds 1,622.730 1.566.336 Rostrlcted Income funds Restrl¢ted fund8 152.7C 152.71 Total fund8 14 1.775,436 1,719,042 The flnanclal statements on pages 5 to 20 were appro11 by trusté8s. and authorlsed for issu8 on .. 8nd gned on lf behalf by. rst Trust88 hen Furness Miss Elvzabeth Me Trustee The notes pages 8 to 20 form an integral part of Ih8s8 fanUal statemènts. Page 7
The Brndley Trust Notes to the Financial Statsments for the Year Ended 31 December 2021 1 A¢¢ounting policies statemont of compliance Th8 finanual ststements havo been pr8par&Y In acrdar# fjlh ACCn11n9 and Reportlng by ChatIO$. Statement of Recommended Practice apF1(ble to charftles preparfng their accounts in accordance Iwth the Financial RertIng Slandard applicabl8 In the UK and Republic of Ireland IFRS 102) {effective 1 J8nuary 2019) - {Chariti8s SORP IFRS 102)). th8 Financial Reporting Standard applicab In the UK arrtl Republ of Irgknd (FRS 102) and the Charits8s Act 2011. Basls of prnparntlon Th8 Bradley Trust meets th8 dofinibon of a publbc b8nofft fjnlty urKJor FRS 102. The aGcounts {fin8ncial statements) have been prepa under hIorical cost ¢onvention wrth items recogni5ed at ¢ost or tr8nsaction value U[esS othise stat&1 in tho felevanl nots(61 to th8s8 acownts. Golng con¢•rn Th& fFnandal statements hav6 been rK8pared on a golng con(Yn bas18. The trustees ass8ss whethor the use of golry eoncem 1$ approwiate 1.0. whetsr there are any material uncertalntles ralaj to events or conditions that may cast sKJnificant doubl on the 8blllty of th8 ch8rlty to o)nttnue as a going Crn. The trustees make thk8 assessment in resp8ct of a perfod of one year from the dats of approval of tho financial statwn&nts. InGom• and •ndoThin•nts Grnnts fo1vab Grants are rewnisod wpon the ch8rfty h88 an entiUem8nt to the fijnds and any condltion$ linked to the gran1$ hav8 been meL Where perform8n( (x)ndlttons are attached to the grant and are yet lo be meL the inCx) Ss recognBed a Flablllty and tre balance sheet as deferr&J in(y)me lo be released. Dont8d s8Nl¢•$ and facllltl•s No amounts are included within thg financyal s18t0mts fr>r time and servk8s donated ty voluntegrn. InTrnStm•nt Income Investments aré included at market vahje uslFVJ Trustees, Investment advisers. quotstions. Investment inc£me b r8cognised gross on 8 rIpts basis. Movements on the market valu8 of investments are 81s0 tregted as unre81ised gatrs or losses. EXndIr• l expenditurn is recognised onc8 there is a l or constTu¢Uvo 0119alkIn to Ihat expendrture, it is probable setlemerrt is requFred and the amount can be measurwj rdrabty. All c¥Jsts are allocated to the applicable expenditure heading that aggree similar costs to that catem. Where o%ts cannot be direcdy attTibuted to particular headings they have been alloca8d on a basis c4)ns¢st8nt with the use of resources, wtth staff costs allolxted Ihe basss of time SFeN. and depreciatlon charges allocated on the Fthion of the asset's use. Olher suprNJt cx)sts are allocated based on the spread of stsff costs. Page 8
The Bradley Trust Notes to the Financlal Statsments for tho Year Ended 31 December 2021 Rol$lng fvnds Theso ar8 CA)Sts InCu8d in attraciiTh3 NyAuntary income. the management of investsnents and those incurr8d In trading actlvilies that rdlse fvrKJs. Charftable exp8nditure comprises those costs Intred by tho charlty in th8 delivery of tts activrts8S and servlces for its beneficl8ries. It indudes both costs that can be allated directly to such adivibes and those cxjsts of an inoirect nature necw398ry to suppcvt them. Grantprovlslons Provlsions for grants are Mje wtlen the Intsntvjn to make 8 grant has boen communlcated to the ro¢ipient but there 1$ uncertainty about ettrter the timing of the grant or the amount of grant payablg. GovomanGO COSt• These include the costs attributable to the charws c¢mplian( vAth I>3t11VlI0n8I and stalutory requirements, Induding audiL strat&Jl¢ man8gement and trustees's meetings and reimbursed enge$. Gov•mment grants Gov8mm8nt gronls ar• recognised baJ on tho accrual rncth and are mèasured at the f81r value of th8 ass8t received or rec8Nable, Grants are clwtfied as relating either to revenue or lo assets. Grants relating to revfrnue afe recognlsed In Income over the period In whk the retated costs are recognised. Grants rdating lo assets are reL7Jgni59d over the expecied u88fiJl Ilfè of the asset. Wlre part of a grant reiating to an asset ss d8ferred. it is rgc¥)gniswJ as deferr1 inrne. Taxatlon The charity is considered to pass Iha tests set out In Paragraph 1 Schedule 6 of the Finance Act 2010 8nd th8ref¢Tr it meets the definition of a charilable company for UK o)rporation tax purposes. Accordingly, the charity is potentialty exempt from taxatKJn in respect of income or capltal gain$ received within categc*les (xsvered by Chapter 3 Part 11 of th8 C(KFKKalon Tax Act 2010 or Sgctlon 256 of the Taxation of Chargeable Gains kt 1992, to the extent that such ino)me or gain5 are applied eXdUS6IY to tharitsble wrFQSeS. Tanglble flx•d assets Individual fixed ass&ts costing £5(Kl or morn arg inibaNy recorded at ct6t. any 8ub8equgnt attumulated depreciation and subsequent a(Kumutat8d impairnent kjsses and are depreclated over the expect&J useful lrfe of the asseL Freehold Land and Buildings are induded at valuation which is reVid tri-annually by Ihe trustees. The trusteas do not u)nsKler it is apFwiata to charga d8prwith on land and buildings. Page g
The Bradley Trust Notes to the Financial Statements for the Year Ended 31 December 2021 Flxod asset investments Fixed ass&t investments, other than prograrnme reknted Inveslments. are Incjuded at markel value at the balance sheet date. Realised gains arKI loss8s on investmènts are Cal¢Iated as the dlfference b8tsveen sales procteds and th"r market value at the start of tlx yaar. or their subsequent cost. and ar8 ch8rged or tredited to the Ststement of Financi Acvthes in the pèrfod of disposal. Unrealised galn$ and losses represent the movement in math6t values during the year and are credited or ¢harg&J to the Statement cl Financial Activtbes based on the market valu8 al the year end. Trad• dobtorn Trade debt0 are amounts du8 from Cust lor morta)andlse sold or 69rvks Perforff In the ordinary course of buslness. Tr8d6 debtors ere renL80d Snitialty at tr tran88ction price. They aro subsequenty m&a5ured at amortised cost Using the effective Intwost rnetd, 18ss provtslon for impairment. A provision for the Impalrm6nt of i8 estsblished when there is objective Owden that the not b8 ab19 to Lvllect all amounts due according to the original terms of the recelvables. Cash and ca8h wulval•nts Cash and cash equfvalents comprise cash on hand and c411 de[ts. and oth6r short-temi highly liquid investments that ar8 readity convertible to a krwn amount of c4sh and are Subject to an in8lqnific4nl rlsk of ch8ng8 In value. Crndltorn Creditors are rèLwnr8&J vhwe (*arlty h88 8 fv ON1gat resuFb'ng from a past event that 11 probably result Sn th& transf8r of funds to a third paty 8rKI tho amcwjnt due to setde tho obligation can ba measured or estimated reli8bty. Fund structure Restricted in(xyne funds are those donated for use in a parfMxFar area or frjr spedfic purpos98, the Use of whvth is restricled to trbat area or purFK>S8. Page 10
The Bradley Trust Notas to the Financial Statgments for the Year Endod 31 December 2021 2 Income from donations and leaacle5 Totsl 2021 funds Grants. including capital grants: Govemm8nt grants 10.368 10.368 10.366 Restrl¢ted nds 10.368 Total 2020 Grants, Indudlng c*pII81 grants: Govgmment grants 10,0(M) 10.000 10.Cw)O 10,000 3 Income from ¢harltable •cllvltlo8 Endowm•nt funds Pernmnent R•strl¢tsd funds Total 2021 Rental income from18nd and kyorwtss Villoge hall hire and class fee8 25.734 25,734 1.725 1,725 1.725 25.734 27,459 End0wmt funds R8stsl¢tsd funds Total 2020 Rontal income from land and proFert Vlllago hall hire and class fees 25.832 2.011 27.843 2.011 2.011 2S,832 Pago11
The Bradley Trust Notes to the Flnancial Statsmonts for the Year Ended 31 December 2021 4 Investment income Endowment funds Pernwnont Total 2021 IncA)me from divid8nds: Dividends racekvable from Otr fisted Inveslm Inter8st receivable and mIlar Income.. Interest re¢elv8bF8 on bank deposlts 7.528 7.528 404 404 7,932 7,932 Endowm•nt funds Pwmanant Totsl 2020 Inme from dNidends; Dividends recoNab from other Ilsted Inveslmonls Interest recélvable and similar incoma; Interest receivable on b8nk deposlt8 Olher income from fixed asset inv8strn• 469 469 11.343 11,343 5 Other Incomo Endowm•nt funds Total 2021 Fees and supplles 189 169 Endowment fund• Total 2020 Insurance dalm Fees and SUPFAI8s 2,528 2,528 3.172 3,172 Page 12
The Bradley Trust Notes to the Flnanclal Statements for the Year Ended 31 Decembgr 2021 6 Expendhure on raising ndS a) I•tOnt manageMrt costs End¢x¥menl funds P•rnian•nt Total 2021 Other investment m8nagernent costs; Amounts pay8Ne lo investmnt managers 3.296 3,296 3,296 Endowm•nt fund8 Pernianent Total 2020 Other Inve8tment management CA)sts: Amounts P8yBbl8 to invesb)wnt managW8 3.259 3,259 3,259 3.259 7 ExpendRure on charltablo actfvitl Endowm•nt funds Perrnan•nt Total 2021 fvnds Propety expenses Teachws, fees Clerk's f88S 8nd administrative Lxsts Leg81 and FessiOnal fees Grant fijndlng of adivltie8 Govemance ¢osts 7.787 1.155 11207 18.994 1.155 3,789 2,955 10,8QO 1,050 3,169 2.955 10,800 1,050 9.542 29.181 Paga 13
The Bradley Trust Notes to the Flnancial Ststements for the Year Endèd 31 Decembor 2021 End¢Jrnrrt funds Totsl 2020 Property expenses Teach8rs' fees Clerk's fees and admintstratl¥8 costs GrBnt funding of actsvit Goveman¢e costs 8.3TT 1.095 10.211 18,588 1.095 4,372 6,740 1.095 6.740 1,095 21.818 10.072 31,890 8 Analy81$ of govttnan and support costs G0MIne• costs Endowmanl funds Total 2021 Independenl examiner fees Ex8mination ofthe financial statemwts 1,050 1,050 1.050 Endowm•nl fund8 Total 2020 Indepgndent examlner fees Examination of the finandal Stat0ts 1.095 1,095 1.095 Page 14
The Bradley Trust Notes to the Flnancial Statarnents for the Year Ended 31 DeCeMr 2021 9 Tanglble fixed assets Land and bulldings Total Valuatlon At 1 January 2021 At 31 December 2021 1.157,000 1.157,OCM) 1.157.000 1.157,c0 Depr•clatlon At 31 Dmber 2021 Net book valu• At 31 D8cember 2021 1,157,OLK) 1,157.WO At 31 December 2020 1,157,000 1,157,cKIo Revaluatlon The falr value of the comp8nls land and bundlng8 was revalued on 21 March 2016 by South and Stubbs, Chartered Surveyots and Valuer5. an Indewndent walu8r. The INst8es are in the procass of revaluing the land and bulklings. however th18 has been d8 due to the ongoing Cov119 pand•mic. Had Ihis class of asset been measur&d on a hist(xKal bask8. lho Ixfrylng amount W(MJld have been £N (20- £Nill. Tltl•• to Property The Old House arKI Tr New schL House L8 v8sW Imth the Offlclal Custcmlian for Charltle8. . Page 15
The Bradley Trust Notes to the Financial Statements for the Year Ended 31 December 2021 10 Flxed assat Investments 2021 2020 Other investrnents 466.877 417.681 Othor Inv•stments Listed Inv•stment• Totsl Cost or Valuatlon At 1 January 2021 Addllons Disposals Al 31 DeL¥mber 2021 466,877 82.478 82.478 466,8n 82,478 82.478 466.877 466,877 Not book valu• At 31 Dec4mber 2021 466,877 466,877 At 31 Drnber 2020 466.877 466,877 At thg year end £449.895 (2020: £397,411) was held in 11stl Inv88trn8nts and £16,982 12020: £20,270) in cash. 11 D•btor• 2020 Prepayments other debtOTS 1,273 750 1,213 750 2.023 Page 16
The Bradley Trust Notes to the Flnancial Stataments for the Year Ended 31 Dernber 2021 12 Cash and cash équivalents 2021 2020 Cash on hand Cash at bank Short-temi deposlts 46 81,033 62,339 143,418 79.649 70,891 150.586 13 Crodllors: amount• falllng duo Tlthln on• y•w 2021 2020 Accruals 1.050 1,020 14 Fund8 8•lanc• at 31 In¢omlng Rosourcg8 rocognlsgd D•ceml)•r r•8ourco8 •xpend•d Transfern gaIn(lo$Se•l Balan¢• at 1 January 2021 2021 Rutricted funds 152.706 10,938 (8,387) (2.551) 152.706 Endowm•nt fund• P8mianent 1.566,336 1,719,042 6.849 2.551 52.485 1622.730 T81 fund• 15.236 52.485 1,775,436 Balanco ot Other 31 In¢omlng Resourc0• recognl8ed Dember r••our¢ 0xnded Transf•r g•ins1{lossesl 2020 Balance at 1 January 2020 Re8lrlctsd fund$ 152.7 10,916 (8.9TI) (1.939} 152.7C End0Wrnrt fvnth pemnent 1.547.557 3,673 1.939 1.570 1.566,336 Total fund8 1,700,263 12,650 1,570 1.719,042 Page 17
The Bradley Trust Notes to the Financial Statements for the Y•ar Ended 31 Decèmber 2021 The spectfic purF4)ses for whi( the funds are to be applied are as folt(Ms." The Villaga Hall Fund is used dirth by the Charity for ¢ducati(l and other b8n8fits for th& inhabttants of Bradl8y Parish. Funds available after maintsining the propaty of th8 Charity and m88ting Other charges arising from the propety tncluding administration and m8nagem8nl are availabl6 for chaiitsbl8 wrpo8es for the general ben8fit of the inhabttants of th8 Parish of Bradley. The Endowment furKI aThJ associated Inme hekd by the tsust 8r8 to be used for the benefft of the resldents of Bradley ind1¥0 of educational grants. grants for s¢KxAs and kKal gr¢xJps and the upkeep of the village hall. The surplusld8ficS1 on th8 Wlage Hall fund is 'made s¥Jod' eath year by a transfer from tho Endowment fiJnd. 15 Anaty81* of n•t a8•6ts b•tw••n lund• Total fund• a131 tlec•mb•r 2021 Endtswm•nt Rgstrl¢ted nd8 funds P•rmaMnt Tangible fix assets Fixed asset Invtstrronts Current assets CuThent liabilltles 150,0 1,C#)7,000 468.877 149,903 1,050 1.622,730 1,157,000 466,877 152.609 1.050 1.775.436 2.71 Total net assets 152.706 Totsl fund8 at31 December Endowment fund• funds 2020 Tangib18 fixed assets Fixed asset investrnonts Current assets Current liabil 150.(NJO 1,007.¢X(I 417.881 142.675 1,020 1,157,000 417.681 145.381 1.020 T¢Xal net assets 152.706 1.566.336 1,719,042 16 Taxatlon The charlty is a registered dlarty and is therefore exempt from taxation. Page 18
The Bradloy Trust Notes to the Flnancial Statements for the Yèar Ended 31 December 2021 17 Relatod party transactlons During thè y8ar the charfty made the folhjwng relat8d paty transacttr)ns". S Wllkes (Husband of trustee. K Wllkesl S Wilkes provided c8retskin9 services to th8 value of £724 (2020: £286) for Iho lIage hall duriThJ the year as temporary c¢)ver lor tha main cargtaker. At tho balance date the amount dug tolfrom S Wilkes was £Nil (2020 - £Nil}. O Wllkes (Daughter of Iruslee, K Wilkes) A £1.000 9ranl was pald lo O Wilkes In the (2020.. £39)). K Wilkes was not present for the dlscussion and 8pproval of the grant payTn&nt by the othor Iruste8s. At th8 balance sheet date the 8mount due toifrcrtn O Wakes was £Nil (2020- £NA). 18 Trustses rnmunernllon and •xpon8es No trustees have r8coN&J any re1mbUd oxponses or any ¢)Vw berth from the charty during the 19 Net Incomlnwoutgolng ro8ources Nol incoming resour for the year fft¢lwle: 2021 2020 IPrOfftYl on disposal of Invesbnents 3.079 18 Pa9e 19
Th8 Bradlay Trust Notes to the Financial Statèments for the Year Ended 31 December 2021 20 GoveTnmont grants In the year ended 31 December 2021 £10,368 was reN8d frcn Staff1 Borough Courril to provid8 support towards ts charitys costs during the COV11>19 pandemic {2020: £10.c). The amount of grants re¢>yJnff6ed in the )Inancial statements VAS £10.368 (2020 - £10.000). There were no unfulfilled (xindittrms at the erKI. 21 Grnnt4naklng Anaty8is of grants Gran1• to In8titsrtlons 2021 2020 Grants to Indlvlduals 2021 2020 Analysls Bradley PCC Haughlon S¢h(K4 Church Ealon Schwl Friendship Clrde Educational Grants 1500 70) 2,340 2,340 The support costs 8$8oclatod with grant-rnan9 are £NII (31 Oecember 2020- £Nil>. 22 Roclassllleallon of Prfor Porl¢xl Oth•r Ineom• and Exp•ndfturo Income and expendrture categortes whk have histori(zlly been dasstfied 8S Other Income, other tradlno income and other expendiiure have been revtewed and moved to Charlt8ble actNithe$ Incomé and expendilure for the current arKI prwy r. The movemwft is considered to be the more 8ppropriale classification under the Charities SORP {FRS 102) {8e(%)nd edillon - October 2019) guldellnes. Page 20