2023-03-31-accounts

Charity number	Charity number	1045373
Company	number	02995811
Principal address		Culture Fusion	Building
		125Thornton	Road
		Bradford
		West Yorkshire
		BD12EP
Registered	office	Culture Fusion	Building
		125Thornton	Road
		Bradford
		West Yorkshire
		BD12EP
Auditor		Champion Accountants		LLP
		1 Worslsy Court
		High Street
		Worsley
		Manchester
		M28 3NJ
Bankers		Unity Trust Bank pic
		Nine Brlndlsy	Place
		Birmingham
		B12HB

		Page
Trustees' report		1-6
Statement oftrustees'	responsibilities
Independent auditor's	report	8-10
Statement ofRnanclal	activities
Balance sheet		12
Statement of cash Rows		13
Notes to the Rnandal	statements	14-26

		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2023	2023	2023	2022	2022	2022
	Notes	6	6			6
Income and endowments	from:
Donations and legacies	3				1,000		1,000
Charitable activities	4	16,116	357,094	373,210	65,000	370,815	435,815
Investments	5	174,660		174,660	147,294		147,294
Other Income	6	16,800		16,800	25,771		25,771
Total Income		207,576	357,094	564,670	239,065	370,815	609,880
Expenditure on:
Charitable activities	7	149,554	494,275	643,829	176,597	493,631	670,228
Net losses on
investments		(1,675)		(1,675)	(925)		(925)
Net Income/(expenditure)		56,347	(137,181)	(80,834)	61,543	(122,816)	(61,273)
Other recognised
gains and losses:
Actuarial gains/(losses)
on defined benefit
pension schemes		(2,584)		(2,584)	39,900		39,900
Net movement in
funds		53,763	(137,181)	(83,418)	101,443	(122,816)	(21,373)
Reconcifiatlon offunds:
Fund balances at 1 April 2022		536,416	4,990,124	5,526,540	434,973	5,112,940	5,547,913
Fund balances at 31 March
2023		590,179	4,852,943	5,443,122	536,416	4,990,124	5,526,540

					2023		2022
				Notes	f		f
Fixed assets
Tangible assets				13		4,850,726		4,978,583
Current assets
Debtors				14	372,225		243,726
Investments				15	15,250		16,925
Cash at bank and		In	hand		342,068		428,775
					729,543		689,426
Creditors:	amounts		falling due within	16
one year					122,896		125,327
Net current	assets					606,647		564,099
Total assets less		current liabilities				5,457,373		5,542,682
Provisions	for liabilities			17		(14,251)		(16,142)
Net assets						5,443,122		5,526,540
The funds	ofthe	charity
Restricted	income	funds		20		4,852,943		4,990,124
Unrestricted	funds					575,928		520,274
Pension reserve						14,251		16,142
						5,443,122		5,526,540

				2023		2022
			Notes	6		f
Cash flows from operating		activities
Cash absorbed by operations			24		(263,042)		(88,238)
Investing	activities
Capital goods scheme adjustment				1,675		(517)
Investment	income received			174,660		147,294
Net cash	generated from investing
acthrlties					176,335		146,777
Net cash	used In financing	activities
Net (decrease)/Increase In		cash and	cash
equivalents					(86,707)		58,539
Cash and	cash equivalents at beginning		ofyear		428,775		370,236
Cash and	cash equivalents	at end of	year		342,068		428,775

					Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
					funds	funds		funds	funds
					2023	2023	2023	2022	2022	2022
							6	6	6
Services	provided			under
contract					12,855		12,855	701		701
Ancillary	trading		income					21,322		21,322
Sundry services					2,253		2,253	7,977		7,977
Performance		related
grants					1,008	357,094	358,102	35,000	370,815	405,815
					16,116	357,094	373,210	65,000	370,815	435,815

		Unrestricted	Unrestricted
		funds	funds
		2023	2022
		6	6
Rental	Income	173,722	146,356
Income	from listed investment	938	938
		174,660	147,294

		Unrestricted	Unrestricted
		funds	funds
		2023	2022
		6
Management	charges	16,800	14,679
Coronavirus	JRSgrants		11,092
		16,800	25,771

			2023	2022
				6
Direct costs
Staff costs			290,825	307,403
Rates			5,528	4,044
Insurance			19,833	19,531
Light &heat			30,933	31,033
Cleaning, repairs	&maintenance		63,262	66,021
Administration expenses			7,333	8,525
Programme costs			14,969	7,241
Motor expenses			879	657
Travel &subsistence			3,612	3,328
IT &computer costs			6,147	12,528
Training &conferences			2,127	1,152
Sundry expenses			849	936
Irrecoverable VAT			22,352	23,640
Bank charges			171	345
Legal &professional			36,973	37,081
Other charitable expenditure			6,554	2,280
			512,347	525,745
Share ofsupport	and governance	costs (see note 8)
Support			126,182	138,908
Governance			5,300	5,575
			643,829	670,228
Analysis by fund
Unrestricted funds			149,554	176,597
Restricted funds			494,275	493,631
			643,829	670,228
Support costs allocated to activities
			2023	2022
			6	6
Depreciation			126,182	138,908
Governance costs			5,300	5,575
			131,482	144,483
Analysed between:
Charitable activities			131,482	144,483

The average	monthly number ofemployees during th	e year was:
		2023	2022
		Number	Number
Management		1	1
Office		3	3
Programme		12	15
Total		16	19
Employment	costs	2023	2022
		6
Wages and salaries		265,430	284,585
Social security costs		20,056	17,767
Other pension costs		5,339	5,051
		290,825	307,403

			Unrestricted	Unrestricted
			funds	funds
			2023	2022
Gains/(losses)		arising on:	6	8
Revaluation	of	Investments	(1,675)	(925)

13	Tangible fixed assets	Tangible fixed assets
				Long	Fixture,		Motor	Total
				leasehold	grange	d	vehlotes
				Improvements	equipment
				E		E
	Cost
	At 1 April 2022			6,290,509	507,734		14,836	6,813,079
	Dlsposals			(1,675)				(1,675)
	At 31 March 2023			6,288,834	507,734		14,836	6,811,404
	Depreciation and Impairment
	At 1 April 2022			1,312,365	507,697		14,434	1,834,496
	Depreciation charged		In the year	126,081			101	126,182
	At 31 March 2023			1,438,446	507,697		14,535	1,960,678
	Carrying amount
	At 31 March 2023			4,850,388	37		301	4,850,726
	At 31 March 2022			4,978,144	37		402	4,978,583
14	Debtors
							2023	2022
	Amounts falling due		within one year:				E	E
	Trade debtors						372,225	243,726
15	Current asset Investments
							2023	2022
							E	E
	Listed Investments						15,250	16,925
16	Creditors: amounts	falling due within one year
							2023	2022
								E
	Other taxation and social security						4,914	13,054
	Payments received on		account				15,993
	Trade creditors						17,437	28,627
	Accruals and deferred		income				84,552	83,646
							122,896	125,327

Analysis	of net assets between funds
			Unrestricted	Restricted	Total
			funds	funds
			2023f	2023	2023 6
Fund balances at 31 March 2023 are represented		by:
Tangible assets			150,432	4,700,294	4,850,726
Current assets/(liabilities)			453,998	152,649	606,647
Provisions	and pensions		(14,251)		(14,251)
			590,179	4,852,943	5,443,122
			Unrestricted	Restricted	Total
			funds	funds
			2022	2022	2022
			6	6	6
Fund balances at 31 March 2022 are represented		by:
Tangible assets			152,208	4,826,375	4,978,583
Current assets/(liabilities)			400,350	163,749	564,099
Provisions	and pensions		(16,142)		(16,142)
			536,416	4,990,124	5,526,540

			Movement	In funds		Movement	In funds
		Balance at	Incoming	Resources	Balance at	Incomlna	Resources		Balance at
		1April 2021	resources 6	expended f	1April 2022	resources 6	expended F	31	March 2023
Culture
Fusion
Building		4,952,508		(126,133)	4,826,375		(126,081)		4,700,294
BEESGrant		9,689	1,682	(11,371)
Shaping
Spaces Grant		11,860		(11,860)
Building
Capabilities		5,602			5,602		(5,602)
Trusted
Relationships
Bursary		6,843		(6,843)
Trusted
Relationships
Grant		10,695	66,062	(69,957)	6,800	24,783	(31,583)
Give Bradford
Manjit
Wolstenhome
Fund						10,000	(5,297)		4,703
IYS		13,259	93,960	(88,761)	18,458	96,780	(115,238)
Ernest Cook
Tnlst		5,000	15,000	(20,000)		15,000	(15,000)
Douglas
Wood Trust		56,202			56,202		(15,000)		41,202
Co-operative
Foundation	I
Will Project		35,000	35,000	(31,000)	39,000	34,988	(37,932)		36,056
Groundworks
for Shaping
Futul'es		3,487		(3,487)		7,729	(7,729)
City of
Bradford			51,481	(32,794)	18,687	39,101	(35,646)		22,142
YMCA E &W		2,795		(2,795)
y's Girls			51,059	(41,059)	10,000	40,521	(10,821)		39,700
West
yorkshire
Mayors Safer
Communities
Fund						6,000	(6,000)
Benefact
Trust						22,000	(22,000)
Family Aide			56,571	(47,571)	9,000	60,192	(60,346)		8,846
		5,112,940	370,815	(493,631)	4,990,124	357,094	(494,275)		4,852,943

								2023	2022
								E	8
	Within one year							320	2,159
23	Related party transactions
	Remuneration ofkey management		personnel
	The remuneration ofkey management			personnel		is as	follows.
								2023	2022
								6	6
	Aggregate compensation							42,003	40,000
24	Cash generated from operations							2023	2022
								6
	Deficit for the year							(80,834)	(61,273)
	Adjustments for:
	Investment income recognised	in statement			offinancial		activities	(174,660)	(147,294)
	Fair value gains and losses on	investments						1,675	925
	Depreclabon and impairment oftangible			fixed assets				126,182	138,908
	Difference between pension charge and cash contributions							(4,475)	(17,771)
	Movements in working capital:
	(Increase) In debtors							(128,499)	(47,050)
	(Decrease)/increase in creditors							(2,431)	45,317
	Cash absorbed by operations							(263,042)	(88,238)
25	Analysis ofchanges In net funds