Chartty r8gistral*M number. 528448 The Bradley Trust Annual RerKKt and Finan(aal Statements for th? Year Endod 31 t)ecember 2023 Bradley Village Hall Bradley Slafford Staffordshire ST18 9DY
The Bradley Trust Contents (contlnued) Referen and Administrative Detsils Trustees. Repyt 2to4 Independent Examinefs Report Statomont of Financial Activi 6107 B818n¢e Sheet Notes to the FIn8Thal Slat8ments 9t022
The Bradley Trust Raference and Admlnistrative Details TTustsoS Mr8 Ann Gotsgh. Chr fM 1 July 2023 Mr5 Ingrid Mather. VKe£hair Mr Robert Tumer Mr Graham w1h1 Mr Robort Fletther Mr John CarnIght Rev Catherine Brumfftt Mrs Susan HollaY Mfs Tracey Httchanor Mr Tony Ketue Mrs Lla R(1 Mr SbJ8rt Richa$. Clerk to the Trustees Other Offlc•r¥ Charlty Rtyi3tratlon Numbor 528448 Prln¢lpal Offl¢• Bradley Village Hall Bradley Stafford StsffordshirE ST18 9DY Reglst•r•d Offl rjo Mr S Rlchard8 9 Elm Driva Bradley Stafford ST18 9DS Indopendent Examiner Daryl Denson ACMA VAST Thè Dudson Centre Hanley Stoke on Trent ST1 SDD Sollcltorn Hand MoTgan & 17 Martin Street Stsfford ST16 2LF Bankèrs YY>rkshire Bank PIC 52 Gro8ngate Stre8t ST19 W Paga 1
The Bradley Trust Trustses. Report The trustees present the annual rewrt together with the finan(xal statements of the charity for the year ended 31 Dember 2023. Objectlves and activities Objects and aims The objectives ol the tharity as Set out in the governing document are to provide educAtional training and religious aclivities to (ildTrn', young pwle; the eklerty arKt other groups by means of grants to individuals and organisatsons and provision of buiklings. facilibes and open spa. Land and buildings owned by the charity are rented out to provide income which has beèn used to mainlain the properts.es to ensure Ihal they wtll be av8i18ble for futur8 98n8rats.ons to enjoy. Publlc benefit The application of charity funds bs re5tr1cted to the inhabiLts of the Parish of Bradley and th& immediate neighboufhc)d. The chaiity carries out a range of actiwties in pursu8nce of it's aims. The tharity provid85 grants for the residents of Bradley for education81 and other purposes. runs the village hall and provides dasses.Th• trust80s eonsKler that these adtvitÉes provide benefit to thosé u$Sng the facilities and the ¢ommunity as a whole. The trustees confimi that they have complied wth the r8quir8m8nls of $8¢tion 17 of th8 Charillés Aca 2011 to have duè regard to the public b8n8fit guidance publi%hed by the Charity Commission for England and Wales. A¢hl•voment$ and porfonnance Keeping the Charity runnin9 and fvffilling 811 grdnl requlfements arml runnlng of lIage hall In Ilng wllh governlng document. In line our Aims & Objectives. duriw the r the Trust awarded grants in support of; ' young persons from the parish attendiTr3 university ' schools in Church Eaton and Haughton wthere thildren Im Bradley attend . Bradley Parish Chur¢h In addltlon, the Trust provided finanLYJ to sup tho running of dassesfiftlerest groups hehl in the vlllage hall, as V11 as maintaining these faulitigs and other prorrtie8. Flnanclal revlew The finanaal results are shuwn on pages fr8 of this reForL Pollcy on Ygs•t As Bl 31 December 2023 the charity haj t(Aal funds of £1.734.877 (2022: £1.709.592) the Income from which 15 considered adequate lo maintain 18nd and buildings for fvture years and to provide grants and donations whi¢ sab.sfy the L*arilabie objects. The trustees have adopt8d a rrVeS rdicy which shId ensure that liquid funds are maintainèd at appoximately 12 Tnonths Tunning costs. Inv•sbnent policy and obieclives The trust deed authorises the Irustees to make and hcld investsyts. Subjed to directions of the Charity Commission all sums are invested in tt kn the charity. Page 2
The Bradley Trust Trustees. Report (contlnued) Trnstees and officers The trustees and officers serviry durtThJ nce the year ermd ware as folbws.. Trustees". Mr Stephen Fumess. Chair to 2415r2022 {resned g March 20231 Jackie Wilh'ams. Chaw from 2415122 to 301C6123 (resigned 9 Octobèr 2023) Mrs Ann Gough. Chalr from 1 July 2023 (appointed 1 May 2023) Mrs Ingrid Mathgr, vchaIr Miss Eltzabeth metlf {r8signed 16 March 2023) Mrs Karen WI (resned 18 February 20231 Mr Robert Tumer Mr Graham Wruht Mr Robart Fletcher Mr John Carfvnight Mr LebJh Fafflr (resigned 12 Felyuary 2023} Rev Catherine Brumffti Mrs Susan HotlKlay (appointed 1 May 2023) Mr8 Tracey HildnOr {apptynted 10 May 20241 Mr Tony Keiue (apwlnted 8 May 20241 Mrs L&4a Rossi (appointed 23 July 2024) Other Offlc8rs'. Mr SIu8rt RiL*wds, Clgrt to the Truslaes Structure. gov•man¢• and manag•m•nt Naturn of govwnlng do¢ument The Charity was orvJinally fomiéd in the 16th (tury and h8S 1xtinUed until the present day. In its present fom thè Charity is govemed by a Trust l)e&J dated 26 Cttthr 1989 as amended on 29 January 1991. Recrultment and •ppolntment of tntsto0s Appoinlm8nt of trustees i8 govemed by the trust deed of the (knrity. In accordance with the trust deed, the tnjslee board comprises 2 Injslees nominated by the Bradley Par(181 Church Council, 3 trusl8es nominated by the Bradley Parish cou11. 2 trustees nominated by the Bradley Parish Meetlng, 3 trustees -opted by existing trustees and, Ihe incumbent (priest-in<harge) of Bradley Parish as an ex offlclo irustee. The 3 ¢xKipted Irustees sh)uh1 be persc$ who through residence. occupation or employThenL or othernise have speoal knowledge of the parish of Bradley. Tnjstees once nominated and appointed act as individuals and Trjt as representatives of the body who nominatad thom. Inductlon and tralnlng of thtstees New trustees are inducted into the workings of the Tfust the res[nsIblE1ties of tharty truslees 9eneralty by dis¢u$sion with exbtstting IT¥JStee8. They are alx) encouraged lo attend extemal [SeS. P4e3
The Bradley Trust Trusts8s' Report (continued) Organisational strvcture The day lo day managemt of th& charity and ils propèty i# dagaId trj tho cla of th8 Trustees. Trustees meet six times a yEar and the Trustees are responsible for the 98neral management duties which are rrried out on a voluntary bas. Major ktsks and m•n8gement of I1e risks Risk Assessment The lrn$tees keep the acaivrfies of the Trust under reyw. pa[allY regard to any major risks which may arise from time to time. Prctedur&s ara in place to monitor and control those risks lo mS1igate any impact trK)se rbsks may have on the Trust in the futtjre. Thls indudes insuranr cover where appropAate. The annual report was approved by the trustses of the dwrity on .... .... behalf by. . and signed on its r John Cartw Trustee Pw¥4
Th8 Bradley Trust Independent Examlnerfs Report to the trustees of The Bradley Trust I report lo the trustees on my examinabon of ts accounts of The Bradley Tnjst for the year endèd 31 December 2023. Rgsponslbllitigs and basis of report As th8 charity Injstees of The Bradley Tnjsl you are responsibl8 for the preparation of the aurrtS in ac()Jrdance with the requirements of Chariti8s Act 2011 {'the Act'}. I report in respect of my examination of the The Bradley Trusfs accounts Carri out under section 145 of the 2011 Act and in carrying out my examination I have fc4low&d all the appltsble Directions given by the Charity Commlsslon under sectoon 145(5Xb) ofthe Act Indepond•nt examln•¢8 statem•nt I have completed my exarnination. I lfim7 that no material rnatters have comé to my attenlion in connoction wilh th8 oxaminalM)n gr¥ing me ¢8U88 to bdieve that in any material respect: 1. accounting rec£*rds were rK>t kept in rospect of The 8Trdy TnJ8t as rty]ulred by section 130 of the Act" or 2. the accoun18 do not aord wlth rec4yds' or 3. the accounts do Th)t ccmply with the accounting requiromonts LcoMIng thè fonn and content of accounts sel out in the Charitses IAc¢ounls and Reports) Regulations 2008 other than any requirement that the accounts givg a and f'r vM•/ which s not 8 matter c¥)n8ldered a8 part of an independent examination. I have no o)nc8ms and h8V8 cyjme across no other matters in connection %Mth th8 examlnation to whi¢h attention should be drswn In Ihis ret in order to enable a PrOr understanding of tho accounts to be roached. Dar Denson ACMA VAST The Dudson Centre Hanley Stoke on Trent ST15DD 2410912024
The Bradley Trust Statement of Financlal Actlvftles for thè Year Ended 31 December 2023 Restrlcted Endowment funds funds Total 2023 Income and Endovnnents from: Charilable actiViS Investment income Other income 3,231 25,724 7.940 1.163 28,955 7,940 1,163 Total Income 3,231 34,827 38.058 Expendlturn on: Raising funds Chantable acuvrt (3.195) 24.081 13.1951 36.039 11.958 Total Expendilure GaSnsllosses on investment assets 11,958 {27.276 26.461 39,234 26.461 N8t {•xp8nditurèllineom8 Gr08s transfer8 be88n fund8 (8.727) 34,012 9.865 25,285 Not movement in funds 1.138 24.147 25.285 Reconclllatlon of funds Total fund8 brought forward 155.257 1.554.335 1.709.592 Total fvnds carried forward 14 156,395 1 $78,482 1,734 877 The notes on pages 9 to 22 fcffm an int&Jral part of triese finanu81 statements. Pa9e 6
The Bradley Trust Statement of Flnancial Activities for the Year Ended 31 December 2023 (continued) Restricted Endowment nds funds Total 2022 In¢ome and End¢)wments from: Donations and leg8aes Charitable acttvilies Invgslmant income 3.200 30.493 6.684 26.530 Total Income 3.963 36.414 40.377 Expendlturo on: Raising ftjnds Charitable actlvitles (3.269) 25,543 (3.259) 58,381 32,838 Total Expendittjre Gain8Aogses on in¥*stm8nt a88ets 32.838 28,812 44.571 61,650 44,571 Nel expenditure Gr05s transfers b&h¥een funds 128.87S) 28.875 136,9691 128,875 {65,8441 Nel movgmgnt #i fund8 {65.844) {85,8H} Reconclllatlon of lund8 Total funds brought forward Total funds carried forward 155,257 1,620,179 1.775,436 14 155.257 1,554,335 1,709,592 The notes on pages 9 to 22 fomi an integrdl part of these financi81 statements. Page 7
The Bradley Trust (Registratlon number. 528448) Balance Sheet as at 31 December 2023 2023 2022 Flxad ass•ts Tangible assets Investments 1.157.000 443.131 1.157.1)00 419,359 10 1.600.131 1.576.359 Current assets Debtors Cash at bank and In hand 11 12 2.747 133.1S7 2,747 131.589 135.904 134,336 1,103 Credltor8: Amounts falllng due wlthln one Not curront assots 13 1.158 134,746 133,233 Not a$s•ts 1,734.877 1,709,592 Funds of tho charlty: Endowmont fund• 1,578.482 1,554,335 RestrlGtod InGomo fund• Restricted funds 156.395 155,257 Total funds 14 1,734.877 1,709.592 Thefi al statements on pages 6 to 22 apKed by the knlstees. and authortsed for Issue on .%.Iiand signed on their behalf ty. r John Ca Trustee The notes on pages 9 to 22 forrn an Injral part of these finatbGial statements. Page 8
The Bradley Trust Notes to the Financial Statements for the Year Ended 31 Docember 2023 1 Accounting policies Statement of compliance The financial statements have been prepared in accx)rdanc8 V*lih Accounting and Repong by Charities: Statem8nl of ReMrnended Pradice appli(3ble to charittes pparing their aco)unts In a¢wrdance wth the Financial ReportFng Standard aPplble in the UK and Republic of Ireland IFRS 1021 {eff8Ctive 1 January 20191 (Chatitses SORP {FRS 102)). the Financa81 Reporting Standard applicablg in the UK and Republ1¢ of Ireland (FRS 102) and the Charities Act 2011. Basls of pr•paratlon The Bradley Trust m89ts the definition of a pubtic benefit anty undor FRS 102. The accounts (finandal slat6menlsl have been prepar8d under the historic81 st cnnvention with items renised at cost or transaction value unioss olhopwise stated relevant IWS) to these arunts. Golng conc•rn The financial statements have prOpad on a gcing o)nc8m basis. The Irust8èS 85sess wtsther tha use of gcing (x)ncem appropriate 1.0. thther there are any materi81 uncertainties related to events or condition$ Ihal may cast significant doubl on Ihe abillty of the charity lo Continue as a going conom. The lJust88s make this as$8ssment in respect of a period of ono ar from the dale of approval of Ihe financial ststements. Incom• and andowm?rts Grants r8¢elv8bl• Grants are recx)gnised when thé tharity has an entilement to the fund$ and any conditions linkgd to the grants have been mel. wre performsntx condili¢xts af• altachad to the grant and ar& yel lo bg met, the income rs reu)gnised 88 a118bilty included on the balarKX sheet a8 defeffed in¢ome to be relaas8d. Donated servlces and facllluos No amounts are induded sthin the financiai statements ft)r tlme and services donated by volunteers. Investment Income Investments are induded al marf(et value using the Trustees, investment advisers, quotations. Inv8stment income renised gross on a rwAipts basis. Movemenls on the market value of invesknents are also tre8ted as unrealised gains or Icxsses. Exp•ndlturg All expelldilure is recognised an there És a logal or (J)nstructiVo obiig81ion to that ÈXP8nditura. it18 probable settlement is required and the am(wJnt can be measured reliably. Al costs are allo(31ed lo the Applicable expenditure heading that aggregate similar $ts to that category. Where (ts cart be direcuy attributed to particular headings they have been althat8d on a basis consistent with the use of resources. I1h central stsff costs allccaled on the bags of time spent, and depreciation charges allocated on the poKtion of the asset's use. Other SUPFth costs are allooted based on the spread of staff tsjsts. Page 9
The Bradley Trust Notes to the Flnanclal Statements for the Year Ended 31 December 2023 (continued) Ralsing funds These 8re costs incurred in attracting v(Auntary income. ihe management of investrnents and thosg incLtrred in trading a(vities that rnise fund5. ChanTtable actfvltles Chaiitable expenditure compiises those costs incurred by the charity in the delivery of ils aelivlties and services lor ils beneficiaries. It indudes both ¢))sts that can be allocat8d directly lo such activltI68 and those costs of an indirect nature necessary to support thom. Grantprovlslons Provlsions for grants are made when the Intentk)n to make a grant hes twn o)mmunlcated to th8 reGip18nt t)ut ther8 unrrtainty about etther the timing of the grant or Iho amount of grant payable. Governanco co8t• Th8se include the costs 8ttribut8ble to the chaiitys MPlIan vthh c£$11tU0naI arKI statuttyy quirements. Induding a1[ strateg'c managemént arAI truste meetirys 8nd relmburs8d expen8es. Gov•rnment grants Government gfanls ar& r8cogntsad based on the acthjal model and are measured at the fair value of the asset received or receNabl8. Grants are dassifd as relating either to rev&nue or to assets. Grants lating to revenue are recognised in incomè over trbe period in wknich the related costs are re¢ognised. Grants relating lo assets are r&cognised over the expected useful lrfe of the asseL Where part of a grant r8lating to an assel 1$ deferred, it is recognised as dèferrod income. Taxatlon Thg charity is nSIdered to pass the tests set out Ni Paragrnph 1 Schedule 6 of the Finance Act 2010 and tharefore it meets the definition of a charitable company for UK corporation tax purposes. Aceordingly, the charity is potentially exempt from taxation in respect of income or capttal gains r&ceived within e#tegories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Sa¢lion 256 of the Taxation ol Chargeable Gains Act 1992, to the exlenl that such incomg or gaIr ara appld exdusively to charitable purposes. Tanglble flxed assets Individual fixed assets (x)sting £500 or more are inibalty recorded at cusl. less any subsequent accumulated depreciation and subsequent accumulated impaimnt losses are depreciated over the expected useful life ol the assel. Frèehtsld Lond ond BuildirrfJ8 are induded at valugbon vthieh 18 rnv1W tri-Annu41ty by tha trJ8tO0•. The trustees do not considef it is apprqxiate to charge depreeiatitin on land and buildings. Page 10
The Bradley Trust Notes to the Financial Statements for the Year Ended 31 December 2023 {contlnued) Flxed asset Invostm8nts Fixed asset investments. other than progrdrnrne related investments. are included al rna8t value at the balan sheet date. Raalised gains and losses on investsnents are calcutated as the drfferenc be8 sales prodS and their market value at the start of th& year. or their subsequent 3t, and are diarged or (edited to the Stal8ment of Financial Actsvtb"es in the p8ricMJ of disposal. Unrealised gains and losses represent the movement in market values during the year and are rxediled or charged lo the Statement of Financial Activities b35ed on the market value al the year end. Trade dabtofs Trade dgblors are am(yJnts du8 from for m9rchandw sokl or servlces p8rfom)ed in the ordinary courso of busin688. Trade debtor8 are recognisod iniiialty at th8 bxnsgclkn . They are Subsequently measured at 8mort¢sed $t using th8 8ffe¢tw& interesl rnethcJ. th provision for impairment. A provtsion for thè impairment of is established when th8re is obl8ctive evhJ8no that the thill r#)t be able lo collect all amounts due according to the original lenns of the r8ceivables. Cash and cash equivalents Cash and cash equivalents comprise $h on harKI and call deposits. and other short-tern highty liquid investments that are readily nvertible lo a kTh)wn amount of cash and are subject to an Inskjnificant rlsk of cthange in value. Credltorn Creditor5 are re(wnised vtheffj ihe c*barity has a present obligation resutling from a p88t ev8nt that 11 probably result in Ihe transfer of funds to a thlrd paty arKI th8 amount due to Settle Ihe obligation can be measured or estimaled reliably. Fund Structur8 Restricted income fijnds are those donated for use fft a particJJlar area or for Spe0 purposes, the use of which strtcteo to Ihat area or purpose. Page 11
The Bradley Trust Notes to tho Financial Statements for the Year Ended 31 December 2023 (continued) 2 Income from donatlons and l•gact•s Totsl 2023 Endowm•nt fund$ Pornian•nt Total 2022 Grants. including capitsl grnnls,. Govemment gr8nls 3.200 3,2CM) 3.2¢J) 3,200 3 Incom• from charftabh actlvltlos Endowrnnt funds P•nnan•nt R•strlet fund8 Total 2023 Rental income from land and k¥opee$ Villag• hall hire and dass fees 25,724 25,724 3,231 3,231 3,231 25,724 28.955 Endowmont fund8 PeanOnt Total 2022 funds Rental income from land properties Village hall hire and dass fee$ 26,530 26,530 3,963 3,963 26.530 30.493 P8g8 12
The Bradley Trust Notes to the Financial Statements for the Year Ended 31 December 2023 {continued) 4 Investment income Endowmont fund¥ Pamnnt Total 2023 Income from dividends" Divid8nd$ ceiVable from other li8bJ inveslm Interest receryable and similar incom8- Interest receivable on bank derM)sits 7.634 7,634 306 7.940 End¢)wmant funds Pemian•nt Total 2022 Incomè from dNtdend8; Dividends receivable from other lthd inveslmw 6.684 8.684 5 other In¢om• Endowm•nt frjnds P•mianent Total 2023 Fees 8nd supplles 1.163 1,163 Page 13
The Bradley Trust Notes to the Flnancial Statements for the Year Ended 31 December 2023 (continued) 6 Expendlture on ralslng filnds a} Invostmont managemont c¢)sts Endowmont funds Pern)anont Total 2023 Other investment management cthts" Amounts payable lo investment manage 3.195 3.195 3.195 3,195 Endt)wm•nt fvnds Pérnian•nt Totsl 2022 Oiher investment management costs: Amounts payable to investrnent managers 3.289 3,269 3.269 3,269 Page 14
The Bradley Trust Notes to the Financial Statements for the Year Ended 31 December 2023 (continuedl 7 EXnlture on Gharltable aclivit Endowment funds Pérnianent Restricted fund$ Total 2023 Propoty expenses Teachers, fe8S Clerk's fees and administratlve costs Legal and professional fees Grant funding of activiknes Governance costs 10.975 5,201 16.176 983 4.441 419 12,862 1,158 4.441 419 12.862 1.158 11.958 24.081 36,039 Endowmènt funds P•mian•nt Restrlctsd fvnds Total 2022 Property expenses Teacher8, fees Clerk's fees and admlnl8tr8tive o)8ts Legal and professional fees Grant funding of actNittes Governance costs 30.748 1.490 7.481 38,229 1,490 3.224 3,235 11,100 1,103 S8,381 2,624 3,235 11,1CM) 1,103 32,838 25.543 Page 15
The Brndley Trust Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) 8 Anatysl$ of govornanco and 5UPWt costs Govérnan¢o ¢0sts Endowment funds Pernianent Total 2023 Indendent examlner fe88 Examination of the finanoal statements 1,158 1,158 1,158 1.158 Endowment fvnds PornJan•nt Total 2022 Ind&pendgnt examiner fees Examination of the financial slatomonts 1.103 1.103 1,103 1.103 Page 16
The Bradley Trust Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) 9 Tanglblé fixed assets Land and bulldlngs Tolal Valuatlon At 1 January 2023 At 31 December 2023 1.157.000 I.157,0 1.157.OW 1,157.1)Jo Depr•¢iatlon At 31 December 2023 Not book valu• Al 31 Decembw 2023 1.157,000 1.157,000 1.157.000 1.157.000 Al 31 Dec8rnb8r 2022 Page 17
The Bradley Trust Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) Revaluatlon The lair value of the compan*s land and tMJildings VAS EPvald on 21 March 2016 by South and stubbs, Chartered Surweyors and Valuers, an independent valuer. The trustees are in the process of revaluing the land and buildings. Had this class of asset been measured on a historul txjst basis, Iheir carrwng amount would havo been £Nil12022 - £Nil). Tltl•g to prOty The Old Housa and The New School Hous818 ve81 with th8 Officlal Custod18n for ChaTtbe8. . 10 Flxed asset Inve8tm¢nts Otr invostm•nt• Ll8ted Investments Total Cost or Valuatlon At 1 January 2023 Additions 419.359 23,772 419,359 23,772 At 31 December 2023 443.131 443.131 Nat book valuo At 31 December 2023 443.131 443,131 Al 31 December 2022 443.131 443,131 Al the year end £431.953 (2022: £405.324> was trd In 1Sstad inv8strnents and £11.178 {2022.. £14,035) in cash. 11 Debtors 2023 2022 PrepayTnenls Other debtors 1.997 750 1,997 750 2,747 2,747 Pag8 18
The Brndley Trust Notes to the Financial Ststements for the Year Ended 31 December 2023 (continued) 12 Cash and cash equlvahnts 2023 2022 Gash on harKI Cash at bank Short-torm deposits 182 132,842 133 71 60,627 70.891 133.157 131,589 13 Credllorn: amounts falling due wllhin one yoar 2023 2022 Accruals 1.158 1.103 14 Funds Balancg Olher at31 r•cognised D•¢emlJer Transfers galnsllloss•sl 2023 Balance at 1 January Incomlng R•gour¢•8 2023 rnsources exponded RestrSct•d fund• Vi118ge Hau Fund 155.257 3.231 {11.9581 156.395 Endowm•nt funds P•mian•nt Endowment 27,276 1.554,335 34.827 26.461 1,578,482 1.709.S92 39,234 26.461 1,734,877 Totsl funds Page 19
The Bradley Trust Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) Balan¢0 at Other 31 Incomlng Resourcos recognised December resources expended Transfers galnslllosses) 2022 Balance •t 1 January 2022 Ré$trl¢tsd Villaoe Hall Fund 150.257 (32,838) 28.875 150,257 Endowm•nt fund$ Pemianent Endowment 1,620.179 36.414 1.554.335 28.812 {28.875 44.571 Total funds 1,770,436 40.377 61.650 44.571 1,704.592 The specific purF)$8s for wthi¢h the funds are to be aFplled are as folknvs: The Vlllage H811 Fund is used direcliy by Ihe Charity for aducional and other bgnafits for the InhabStants of Bradley Parish. Funds available after maintaining the property of the Charity and meetr'ng other tharges arising from tho propety indudin9 adminislralion and management are avaiLgble for charilable purpose8 for the general benefft of the Inhabitants of th8 Parish of Bradléy. Tho Endowment fund and as80dated Encome h81d by the trust are to usod for tho bonafit of the residents of Bradley indusfve of edtkIn81 grants. grants for schcAils and k¢al groups and the upkeèp of the village hall. 15 Afi•tysl8 of not assets between fund8 Total fund8 at31 Decembor Endowmènt funds Permanent Restrldgd funds 2023 Tangible fixed assets Fixed asset investments Current assets Current liabilities 150.0 I,(K$7,000 443.131 129,509 1,158 1,157.000 443.131 135,904 1,158 6.395 Total net assets 156.395 1.578.482 1.734.877 Pag8 20
The Bradley Tt Notes to the Flnancial Statements for the Year Ended 31 December 2023 (continued) Totsl fvnds at31 December 2022 Endowment funds Pemiaft•nt RestrlGted fitnds TangltrAe fixed assets Fixed asset Inveslments Current assets Current liabilities 150.000 1.007.000 419.359 129.079 1.103 1,157.000 419.359 134,336 (1.103 5.257 Total net assets 155.257 1.554,335 1.709.592 16 Finan¢lal In8trum•nts Tran$for8 that do not quallfy for d•rnGognltlon Tho carrying amount of assets that lh8 tharity continues to re(wnkn Is £Nil {2022 - £NII). 17 Taxation The ¢harity is 8 registered ¢srity and is thereth axampt from laxation. 18 Rolatsd party tran8actlons During the year Ihe ¢arity m8de the folkMiThJ relatsd paty transadions: S Wilkos (Husband of trustee, K Wilkes. Mrs Wilkes reswJnad as a trustee on 1812120231 S Wilkes providéd ¢ar8taking servic95 to thg value of £nil12022: £6931 for the vi118ge hall during the year as temporary cov8r for the main rOtak8r.. At the balanL* sheet dale the amount due tolfrorn S Wilkes was £Nil {2022 - £Nil). Bradloy Parlsh Councll (Trustee R Tumer is a Bradley Parish Councillor) Rent of thildrens playing fiekl. Al the ba18nce sheet date the amount due lolfrom Bradley Parish Council was £Nil12022 - £Nil). Bradley Parlsh Church (Trustee Rev Catherine Brumfilt is the Priest ol 8r8dley Parish Church) Grants totslling £2,500 wgre awarded to the church . At tha ba[ sheet date the am(MJni due tolfrom Bradtey Parish Church Wds £Nil12022 - £Nil). Robert Tum•r (Robert Tumer is a trustee of the Trusti Robart Tumer rents famland from the trust 8t marl(et rates. At the balan shaet date the amount due tolfrom Robert Tumer vras £Nil (2022 - £NII). Page 21
The Bradley Trust Notes to the Flnancial Statements for the Year Ended 31 December 2023 (continued) 19 Trustees remuneratlon and expenses No trustees have receiv8d any retmbursed expenses or any other benefits from the charity durtng th8 year. 20 Government grants In the year ended 31 December 2023 £nil12022: £3,200) was received from Stafford Borough Coundl to provide Aupport towards the charitys fx)sts. The amount of grants recognised in tha fin8nci816tatoments was £- {2022 - £3,2rKI). There were no unfulfilled (x)ndltions at tho year end. 21 Grant4naklng Analysls of grants Grants to Insiitullons 2023 2022 Grants to Indlvlduals 2023 2022 Analys18 Bradley PCC Haughlon SchoL Church Ealon Schc Knttting and Crcthel Group Educational Grants 2.5C 1.350 750 750 100 8.162 6,500 4.700 4.600 8.162 6.SOO The support costs asS(lated wlth grdnt-maklng arè £Nil131 Decembor 2022 - £Nil). Page 22