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|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|
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|||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|
##
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||||||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|
##
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##
|||||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|
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||||||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|
##
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##
||||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|
##
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##
|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)|
##
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##
|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|
##
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|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|
##
##
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##
|||||||||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|||||||||