Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Charity Registration No. 1077122 Company Rggistration No. 03749034 (England and Walosl Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD LEGAL AND ADMINISTRATIVE INFORMATION Tru$t99$ l Naqvi M Hussain A Lindley J Ralph Mr S Grisag S Grisag lappoinled 24 November 20221 Resigned 31 August 2022 Appointed 1 September 2022 Secretary S Crowe J S Ingham Charity number 1077122 Company number 03749034 R&gl$lerod and prlnclpal offlce 11-12 Eldon Place Bradford BD1 3AZ Independent examiner Alison Whalley FCA Azels Audit Services Ltd Carlton House Grammar School Street Bradford BD1 4NS Bankers Lloyds Bank 45 Husllergate Bradford BD1 4NT Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD CONTENTS Page Trustees, report 3-34 Stslement of Trustees, responsibilities 35 Independent examine¢s report statement of financial activities 37 Balance sheet 38 Notes lo the financial statements 39-53 Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2023 Chair's Introduction: Steve Grisag I begin with introducing myself as the newly elected Chair of BTM. I look up the post in May 2023 followng the resignation of our then Chair John Simpson. John was a great friend of BTM and provided high levels of support and encouragement lo the whole team, together with positive leadership of the Board of Trustees. This is my second period with BTM having previously been a Trustee following my retirement from the local authority be￿een 2017 and 2020.1 retumed in April 2023 and was elected Chair in May 2023. 1 look forward together with the Trustees to supporting Jo and the team into a successful future. Jo Ingham became Chief OffI￿r in May 2022, taking over from Sue Crowe as she stepped into retirement. Jo has managed the change of role exceptionally well, alongside what has been a challenging year for BTM. Essential Building work has seen high levels of disruption lo the building wth some necessary dosures throughout the year. All of the Team have shown resilience and delerminalion in continuing to meet our contractual obligations and supporting each other. On behalf of the Trustees and myself I cannot thank them enough for 'keeping the show on the road.. We have said goodbye to some team members and welcomed new ones which Jo's report will reflect. l am particularly proud of how we have continued with employing mentors with lived experien￿ into the work groups. Providing employment opportunities such as this is for some people their first experience of paid employment and hopefully a sleppingslone to future success and opportunib'es. Overall, this has been a year of change and adaptation. Thanks lo the leadership and support, the team have worked together ensuring that BTM remains a positive force in working wth people with disabilities and who are Deaf BSL users. I would like to thank the Board of Trustees for their continued support and commitment lo BTM. Looking forward lo the challenges ahead and Continuing progress of the positive work BTM delivers lo the Bradford District disabled community of which it was set up to serve many decades ago. Docusvjn Envelope ID". 986BE1AD-3C464985-A85F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD TRUSTEES. REPORT (CONTINUED) (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2023 A year of change and challenge A message from our Chief Officer Jo Ingham I can't believe it has been almost a year since I took over the role of Chief Officer of BTM, after working for the charity for 10 years. I had big shoes to fill as our previous Chief Officer, Sue Crowe, had worked for BTM for over 40 yearsl We wish Sue all the best for her retirement and thank her for all her hard work over the years. l am proud lo work with both a fantastic team and a very supportive Board of Trustees. Whilst il has been a good year V( has not been without its challenges. The first being the very sad news that our long- standing Treasurer Sue Sheldrick, passed away peacefully but suddenly in September 2022. She is sorely missed by us all. We also said goodbye to John Simpson, our Chair for 5 years, as he Stepp￿ away due lo personal commitments in February 2023. We thank him for all his hard work and support over the years. We faced significant challenges with our building, 11-12 Eldon Place, which needed substantial remedial work to be carried out. This is now complete and we look forward to many more years in the building. Our team and workgroups have continued lo flourish and have produced a huge amount of information over the year, a snapshot of which you wll see further on in this report. Once again, we have covered a huge range of topics trom Dying Matters to supporting people through the winter months and the cosl-of-living-crisis. We have been integr81 to setting up the new Co-Produclion Partnership alongside Equality Together. The partnership will give disabled people across the district a real voice and a chance to be Involved in topics and services that affect their day lo day lives. Our social enterprise has seen a slight decline over the year bul we feel this has been due lo the cost-of-living crisis and everyone feeling the pinch. We have stayed in contsct with our regular clients and are looking forward lo working with them over the next year when things are looking up again. We have forged strong links and working relationships ¥hrith other local disability organisations including Bradford People First, People First Keighley and Craven and Equality Together. We plan lo build on these relationships over the next year to ensure that everyone has access to the tools they need to be fully involved in their own lives and society. I would like lo thank everyone that has supported both me personally and BTM over the last year. Jo Ingham 5IPage Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD TRUSTEES, REPORT (CONTINUED) (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2023 Over the last year the team at BTM has Work th 1 other charfties and voluntary organlsatlons In the Bradfor Dlslflct ana vvest YorKsThire area Attended 28 events and nèt4*Jrklng s•sslons Produced over 220 pleces olaccesslble Informatlon klil--- worxgroup sessions Supported over 16 group lead tr1￿ for the Our Llves Our Way prolecL Conunued to work dudng vltal tepa115 to Qui bulldlng on Eldon Place Delivered 8 training sessions about neurodiversity and how it links 10 mental heahh 11 li Ak Formm dDY*¢VMW.t•n.(ry.L 45Pn5hSbiLarVJL4ge.￿5¥(ethJ, ath#bJ, ¥hJ&), IbAwJaMnand 6IPage ## **Commissions and projects run by BTM include:** ## **Bradford Councils Department of Health and Wellbeing** We have had changes to our Contract Officers this year which has led to new systems and processes being put in place for all our work. We have produced work once again to support the very successful Promote the Vote campaign, which has included making easy read booklets, films and audio recordings about a variety of different political topics. We ran several successful engagement sessions with different groups of disabled people to support the new Disability Housing Strategy for Bradford and Districts. This took up most of our contract for the year as it was a huge piece of work. We also received some variations to our contract to undertake some work covering Human Rights and making the health ## **Bradford District and Craven Health and Care Partnership (formally the Clinical Commissioning Group)** Over the last year, the Clinical Commissioning Group has become an integrated care partnership. We worked closely with them to make sure people were aware of the changes and created an easy read guide. - Support members to improve their employability skills such as computer skills, team work and planning projects and communication skills - Encourage people to share their thoughts and opinions to help develop services in the community Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2023 Anna filming with Hovmembgrs 9IPage Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD TRUSTEES. REPORT (CONTINUED) (INCLUDING DIRECTORS. REPORT FOR THE YEAR ENDED 31 MARCH 2023 Our Lives Ourway Our Lives Our Way supports people lo try new things and build new skills. The programme is led by ils members and together we create opportunities for disabled people with different experien￿$ and backgrounds lo meet, socialise, plan and do things that ils members want, will enjoy, and will support people towards their independence. This project is a partnership between Equality Together, who are the lead, BTM, Bradford People First and People First Keighley and Craven. Ben, our Project Worker, facilitstes the trips and travels group every Tuesday. He also supports individuals on a 110 1 basis and works closely with other stsff members in other areas of the project. 10IPage Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD TRUSTEES, REPORT (CONTINUED) (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2023 Learning Disability Health and Care Champions This project is funded by West Yorkshire Health and Care Partnership. We work to the partnerships Learning Disability Challenge themes which are.. Start Well Live Well Age Well Worf(ing with people wth learning disabilities We have a core group of champions that meet in our office every week. They Work with the partnership and people with leaming disabilities across the ¥Mder West Yorkshire area. This includes making easy read infomialion about health conditions. gathering feedback and insight from people wth learning disabilities and their families and carers, making films to support the work of the challenge and much more. -Fyi 11IPage **----- Start of picture text -----**
BTM Production 22-23
15%
15%
48% Easy Read
Audio
22%
Film/Animation
BSL
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Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD TRUSTEES, REPORT (CONTINUED) (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2023 staff toam Our current team is made up of a variety of staff with different skills. They support and enable our workgroup members to develop and share a wide variety of different infomialion needs. This year has been challenging and the team have once again PLJlled together to make sure that our work and our workgroups have continued lo run seamlessly. We have had some staff changes and are hoping to add to OLJr successful team over the eoming years. Layeq Miah Layeq is our Reception and Administrative support bul he does so much more. This year he has worked hard lo develop his skills and he often helps out with easy read design formathng, developing power point presentations and is our excel spreadsheet king. Omar Sardar Omar is our Workgroups Co-ordinator and Engagement Officer for our Citizens Engagement project with HALE. Omar makes sure that all our workgroups run smoothly, that they have appropriate cover and that all records are up to dale. He makes sure that all our commissioned co-produced work is completed in a timely manner and in line with our contracts. He facilitates our long-standing Friday group of people with learning disabilities and also the Learning Disability Health and Care Champions project. Sam Allen Sam is our BSL Media Producer. As a member of the Deaf community herself, she Is passionate about making sure information is a¢￿ssible lo people who have BSL as their first language. Sam produces all our commissioned British Sign Language work and also our social enterprise work. She also facilitsles our Thursday Deaf group and provides Deaf awareness training. Colin Hargrave Colin is our Digital Media Producer. He is also our first port of call with any IT issues. Colin designs all of our booklet templates, our branding, our promotional material and much more. He also produces our motion graphic animations and can pretty much turn his hand to anything design wise. David Hargrave David is our Digital Media Co-ordinator. He is the first port of call with any of our media related work. He works with our clients and contract officers from sloryboarding an initial idea, filming, editing, subtitling, vol￿0verS and signing off the finished product. This year has been a busy year with more and more people using film and animation to share information. 13IPage Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD TRUSTEES, REPORT (CONTINUED) (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2023 Anna Parker Anna runs Hear Our Vol￿, our National Lollery Community Fund project. Anna works full time on this project, facilitating workgroups 3 days of the week and project managing the rest of the lime. She is also always keen to help out with other bits as and when needed. Anna is now on maternity leave. Ben Purkiss Ben works 3 days on the Our Lives Our Way Project supporting the trips and travel group. The other 2 days he works as a digital media assistant helping us lo produce film and animation. Sophla Watklns Sophia is our newest member of staff. She works alongside Sam to make information accessible to the Deaf community. Sophia is now on maternity leave. We have said goodbye lo a couple of team members over the last year. We wish them well for the future. Our workgroups Our workgroups of people with lived experien￿ are an integral part of BTM. They are at the ￿ntre of everything we do as all of our information is co-produced. Our Friday group of people with learning disabilities and our Thursday Deaf group are our longest running and most experienced. They work on breaking down information, making it simpler and then producing it in the most accessible way for the people that need it. The work Is then shared with our other groups and with our wider networks to make sure it is fit for purpose before the final stages. We have had several new members joining over the last year and they have all been a great asset. Group members also gain valuable skills from coming here. These include photography, film and audio editing, writing and communication, social and many others. They also gel access lo information that they might otherwise miss out on. Some of the feedback we have received from group members this year is below.. 14IPage Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD TRUSTEES. REPORT (CONTINUED) IINCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2023 .1 enjoyed creating BSL videos about voting and having to now use ID. The accessible BSL information created that I was Involved In made the votlng process much ¢learer for the deaf Community and enabled us to have a $ay and understand what process Is involved when voting as it can be confusing" '1 love filming and I met my now best friend at thls group. Belng part of thls group provldes me wlth valuable Informatlon In a way that I can understand in BSL" "I like filming and photography and learning new media skills at the group" "I have learnt media skills by coming to BTM and had 1..1 coaching from staff for filming and working on projects" 15IPage - Do you use the bus? What are your thoughts about the buses in West Yorkshire? - Are you confident to use the bus? - Do you find buses easy and accessible to use? - Can you tell us about your experience of your local bus service? - What is important to you about using the bus ideas and suggestions? Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2023 Naidex Conference One of the members of the Our Lives Our Way trips and travels group wanted lo attend the Naidex Conference in Birmingham. Naidex is the National Accessibility, Inclusion and Disability expo. 11 is the UK'S biggest and most established event for the disability community. Ben, Our Lives Our Way programme worker, worked with a member of the Trips and Travel group lo plan the trip. They researched the best and most cost-effective way to get there, train b'mes, routes to and from the train station, and other information that would help to plan their trip. All this helped the member to develop his skills and reach his goal of being able to travel to pla￿S more independently. They had a great lime at Naidex, they did some networking and met some really interesting people. Vve are now hoping to go again next year with a bigger group and maybe even have a stand. 17IPage Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD TRUSTEES, REPORT (CONTINUED) (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2023 Co-Productlon Partnershlp The Co-Produclion Partnership is working lo give disabled people a voice in how services are developing in Bradford. It is jointly managed by ourselves and Equality Together. Co-production is about ensuring that people who use services are given a genuine say in what they are and how they are run. It means going beyond consultation but including people who are affected from the start of the process as genuine partners. In November the Co-Production Partnership worked with disabled people, service providers and Bradford Council lo look al what really good day serVI￿S look like. We held three in person events as well as one online event. 18IPage Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2023 People who attend day services said that what they are looking for is similar lo what most people are wanting In their day lo day lives. These include." friendship and socialising,. routine," having something lo do., making a contribution", and having a space where people can be themselves. The Co-Production Partnership Board has been sel up lo help make sure that the Partnership is doing a good job al giving disabled people a voice in how the services they use develop. 11 is also a Chan￿ for disabled people and decision makers in Bradford Council lo talk and listen lo each other. It held ils first meeting on 15" March. It brought together 17 people from 10 organisations. 19IPage Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2023 Training Neurodiversity training BTM delivers several different training courses including Deaf awareness, learning disability awareness and the Accessible Infomialion Standard 2016. In the last year we were asked by the Cellar Trust to design and deliver a package on neurodiversity and how it can link lo mental health. The sesgons were co-designed wth some of our workgroup members who are neurodiverse. We also reached out lo the community and asked people lo film their stories which we use throughout the training session. The se$&ons proved very successful and we would like to thank the Cellar Trust for giving us the opportunity to design and deliver them. 20IPage Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2023 Part Report of the Board of Trustees Introduction The Trustees present IheirAnnual Report and Accounts for year ended 31. March 2023., which conslitules the Directors Report for Companies Act purposes. The Directors of the charitable company (the charityl are its Iruslees for the purposes of charity law and throughout this report are collectively referred lo as the Trustees. Their responsibilities include all the responsibilities of directors under the Companies Acts and of Trustees under the Charities Act. The accounts have been prepared in accordance with the accounting policies sel out In note 1 to the accounts and comply th the charity'5 Memorandum and Articles ofAssocialion, the Companies Act 2006 and Accounting and Reporting by Charities." Statement of Recommended Practice applicable to charities preparing their accounts in sccordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS1021 leffeclive 1 January 20191. Name, reglstered offlcg and constltutlon of the charlty The legal details are shown on the Legal and Adminislralive information page of the accounts., the dale of incorporation is 8° April 1999. Bradford Talking Magazines is also known as BTM. btin the home of acce55ible information 21IPage Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2023 Oblectlves and Actlvltles of the Charlty A$ummary oftho oble¢ts ofthe charlty a$ $gt out In Its gov9rnlng document The objects are lo relieve persons with visual impairment or those suffering under some temporary or permanent incapacity or disability which makes reading a strain by enabling such persons lo access information by means of audio, digital or other appropriate media. In furtherance of ils objects, it is also.. Researching and developing media in a wide range of fomals Organising and running training programmes, courses, events and exhibitions Developing, promoting and supporting self-governing groups of people with disabilities lo be in control of Iheii lives, further self-delerminalion and live a better life To work wth disabled people to educate and inform other organisalions on practical steps they can lake lo be more inclusive and equitsble. The prinapal activity of the charity for the year under review was the development and production of a wide range of information for any persons who have difficulty with the written word. This was done with the direct involvement of people with disabilities and or wide range of work groups. This infomiation was for a broad range of subjects including the cost-of-living crisis, local authority and NHS policies and plans, and many others. Accessible infomiation was researched, developed and delivered wth disabled people in a range or formals including easy read, British Sign Language, audio and film. The Charity is organised so that the Trustees meet regularfy lo manage ils affairs. The objects of the company are maintained by the policies developed and reviewed by staff and Trustees. They are enacted and reviewed annually. There have been no material changes during the year. Publ1¢ beneflt that Is provl(led by the Charlty BTM works with and supports people who have difFiculty accessing the written word. This lack of understanding of information or accèss to il means people can bè excluded from taking an active role in their own lives or society In general. Our broad range of accessible information work enables people comTnunities to.. Better understand Information providèd by slalutory organisalions such as the local authority and NHS which then enables choicès and participation Be informed and enabled whilst promoting health and wellbeing and individual choice Have an opportunity to participate In the production of acCessi￿e information which helps to promote independencè and control Have their say about how and what information they like making accessible. This gives people Power over their own lives and involvement within society. We would like lo slate fomally that we do not discriminate against people wth low income. We actively support people accessing our services with its sliding scale of charges and free services we offer. The Trustees have reviewed the guidance by the Charity Commission and consider we comply with the public benefit requirements. 22IPage Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2023 Achievements over the last year against our objectives From 2022- 2023 our main objectives were.. To continue the growth of our charitable work with disabled people We have a wide range of different projects and workgroups that contribute lo the Bradford and wider vol￿. These include.. Leaming disability health and care champions Hear Our Voice groups which are made up of people with learning disabilities, people with mental ill health and members of the Deaf community Our longstanding Thursday Deaf group and Friday learning disability group Our Lives Our Way trips and travel group. To stablllse our future wlth the changes to our Chlef Officer Our new Chief Officer, Jo Ingham, has worked closely with the team, Ttuslees and workgroup members to refresh our planning, update our business plan and stienglhen our direction for the coming years. To contlnue to employ people wlth dlsabllltles We were pleased that we were able lo employ 2 people with lived experience lo our Hear Our Voice project. We would like to thank the National Lottery Community Fund for giving us the opportunity to do this. 23IPage Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2023 The mentors have played a vital role in supporting new members of the project over the last year AUSfjAI To ensure that a$ many people as pos$lble have Informatlon In thelr flrst format of chol¢e This is a key component of what we do. il is core to co-producing accessible infomialion and supporting people to have their Vol￿ heard and be able to partake fully in society. To give opportunities to people with lived experience to engage with us through workshops and training sessions We have delivered 330 workgroup sessions to people with lived experience of learning disabilities, sensory loss and mental ill health. We have also co-produced information, delivered presentations and training to over 50 other organisalions. Our main objectives for 2022 to 2023 are: Work with more young people and people from minority ethnic backgrounds Maximise the potential of our building 11-12 Eldon Place Keep up lo date with Al and other technological developments Work in partnership with other local organisations Continue to employ people with lived experience Further our work with the Deaf community 24IPage Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2023 In presenting this overview of OUT finanaal and trading activities the Trustees have complied with the duty in Section 4 of the Charities Act 2006 and have reviewed their Memorandum and Articles ofAssocialion and feel they comply wth the public benefit guidance published by the Charity Commission. Diversity In the past year we have supported, enabled and worked alongside a broad range of people with lived experien￿ of disabilities and sensory loss to encourage participation in planning. consLJltalion and discussion groups. The work was co-produced in English, British Sign Language and a variety of community languages spoken by our diverse communities. We have used a broad platform of different ways of distributing the information such as audio MP3 files, QR codes, films clips with language subtides and voiceovers and animations to reach as many people as possible. We have worked with organisations such as Race Equality Ne￿Ork to translate important information to the many diverse communities that make up the Bradford district. We actively recruit people ¥Mlh lived experien￿ to our workgroups from as many different backgrounds and communities as possi￿e. One of our objectives for the follo¥Mng years is to Work with more people from minority ethnic backgrounds. Communlcatlng We continue lo network and consult wth other VCSE organisalions across the Bradford District and Craven and the wider Wesl Yorkshire area. We contribute lo other organisab'ons by being part of their working committees such as West Yorkshire Health and Care Partnership Leaming Disability Challenge, the Co-Produ¢lion Partnership. the Healthier Lives group and many others. 25IPage Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2023 The involvement of the Trustees The Trustees are fully conversant wth the ongoing ath"vities of the Charity and technical developments with our field or work. They drive forward the activities of the Charity and our social enterprise. They support and encourage staff to propose new ideas and pathways lo develop Ser￿￿S for people who cannot access the written word. The Trustees receive regular reports from staff and workgroups and they are confident that BTM has shown a commitment to rising to challenges and slrenglhening our position and reputation and meèting our objectives. The Future Utilising our home 8111-12 Eldon Place We want lo continue to maximise the opportunity to secure our future and expand the services we deliver with disabled people. Thi5 year has seen us make vital and necessary repairs lo the building in order to comply with health and safely regulations. Though this has hugely depleted our reserves, we are now confident that the building is safe and secure for the future. Social Value and Asset Sharing We bring added value to our local communities by offering a free meeting place and use of our technological facilities lo people who want lo promote their services. Various local groups have held meetings, coffee mornings, advice sessions and training courses induding HALE, the Access to Infomialion group, Healthier Lives group and many others. Our thanks to those who commission our work and who have supported us through our social enterprise this year. 26IPage Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2023 City of !b.i;","BRADFORD METROPOLITAN DISTRICT COUNCIL . COMMUNITY FUND West Yorkshire Health and Care Partnership 00000 Bradford District and Craven Health and Care Partnership ACTasONE 27IPage Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2023 Financial review The Income for the year amounted lo £411,28312022 £379,895) wi(h expenditure amounting lo £393,93912022 £343,208) resulting in a nel surplus of £17,34412022 £36,687), which includes £14,895 depreciation charge. 11 is the policy of the Charity that unreslricled funds which have not been designated for a specific use should be maintained al a level equivalent to between three and six month's expenditure, £85,000- £171,000. The Tru5tee5 considers that reserves al this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity's current activities while consideration is given lo ways in which additional funds may be raised. General funds al 31 March amounted lo £29,85212022 £158,733) which is not yet within reserve tsrgel. Fundralslng Section 1 $2a of the CharitiesAct 2011 requires charities to make a statement regarding fundraising activities. The legislation definesfundraising as'soliciling or otherwise procuring money or other property for charitable purposes,. The charity does not actively raise funds from the public either directly or via use of an agent, accordingly no such amounts are presented in the financial slalemenls for the year under review. The charity has received no complaints in relation to fundraising aclivty for the year under review. Given the nature of the funding of the charity the Trustees consider that il remains appropriate not lo be voluntarily bound to be regulated by the Fundraising Regulator. The Trustees have assessed the major risks lo which the Charity is exposed, and are satisfied that systems are in place to rniligate exposure lo the major risks. Structure, governance and management The Charity is constituted as a company limited by guarantee and is therefore governed by ils Memorandum and Articles of Association. The legal details are shown on page 1 of the accounts., the date of incorporation is 8 April 1999. The Trustees. who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were.. l Naqvi M Hussain A Lindley J Simpson J Ralph S Sheldrick Mr S Grisag S Grisag (Resigned 14 March 20231 (De￿ased 19 September 20221 (Appointed 24 November 20221 28IPage Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2023 The methods adopted for the recrultment and appolntment ofnew trustses People can be put fotward lo join the trustee board by filling in an application form that will be discussed by the trustees. The individual. group or organisation may be asked lo attend a meeting to further explore their application. The ¢harily can also propose honorary members or re¢ruil new members to the board where il feels. after review, that il would broaden ils skills and kno￿edge base by doing so. Indemnity insurance has been taken out during the year and is included in the insurance costs. This report is prepared in accordance wth the provisions applicable lo companies entitled lo the small companies exemption. The Trustees, report was approved by the Board of Trustees. Dowslgnedty. &s04 Trustee Dated.. 6 December 2023 29IPage Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2023 The Trustees. who are also the directors of Bradford Talking Magazines Ltd for the purpose of company law. are responsible for preparing the Trustees, Report and the financial statements in accordan￿ with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the Trustees lo prepare financial slalemenls for each financial year which give 8 true and fair view of the slate of affairs of the Charty and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the Trustees are required lo.. select suitable accounting Policies and then apply them consistenUy', observe the methods and principles in the Ch8rities SORP", make judgements and eslimales that are reasonable and prudent., - slate whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial slalements., and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial posib.on of the Charity and enable them to ensure that the financial slalements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 30IPage Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRADFORD TALKING MAGAZINES LTD I report on the financial statements of the Charity for the year ended 31 March 2023, which are sel out on pages 37 to 53. Respective responsibilities of Trustees and examiner The Charity's Trustees, who are also the directors of Bradford Talking Magazines Ltd for the purposes of company law, are responsible for the preparation of the financial slatemenls. The Trustees consider that an audit 15 not required for this year under section 144121 of the Charities Act 2011 Ilhe 2011 Act) and that an independent examination is needed. The charity's gross income exceeded £250,000 and l am qualified lo undertake the examination being a qualified member of FCA with the ICAEW. Having satisfied myself that the charity is not subject lo audit under company law and is eligible for independent examination, il is my responsibility lo". examine the financial statements under section 145 of the 2011 Act., Iiil lo follow the procedures laid down in the general Directions given by the Charity Commission under section 14515llbl of the 2011 Act, and lili} to state whether particular matters have come lo my attention. Basis of independent examiner's report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those recoids. 11 also includes consideration of any unusual items or disclosures in the financial slalèmenls, and seeking explanab.ons from you as ttuslees Concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as lo whether the financial statements present a 'true and fair view, and the report is limited lo those matters set out in the next statement. Ind•p&ndent examinorfs statemant In connection wth my examination, no matter has come to my attention.. lal which gives me reasonable cause lo believe that in any material respect the requirements". lo keep a¢coLJnting records in accordance with section 386 of the CompaniesAct 2006,. and {iil lo prepare financial stslemenls which accord wth the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice.. Accounting and Reporting by Charities,. have not been mel or Ibl lo which, in my opinion, attention should be drawn in order to enable a proper understanding of the finanaal slalemenls lo be reached. Be2221185F42402 Alison Whalley FCA Independent Examiner Azels Audit Services Ltd Cadlon House Grammar School Street Bradford BD14NS Dated.. 6 December 2023 31IPage Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Unrestricted Restricted funds funds 2023 2023 Total Unrestricted Restricted funds funds 2022 2022 Total 2023 2022 Notes Income from: Donations and legacies Charitable activities Inve$tmenl$ 1,018 73,314 404 336,547 337,565 73,314 404 1,050 80,537 26 298,282 299,332 80,537 26 Totsl Incomg 74,736 336,547 411,283 81,613 298,282 379,895 enditure on- Charitable activities 83,193 310,746 393,939 44,612 298,596 343,208 Net lexpenditurellincome for the yearl Net movement In funds 18,4571 25,801 17,344 37,001 1314} 36,687 Fund balances al 1 April 2022 607,674 22,842 630,516 570,673 23,156 593,829 Fund balances at 31 March 2023 599,217 48,643 647,860 607,674 22,842 630,516 The ststement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivilies. The statement of financial ath"vilies also complies wth the requirements for an income and expenditure account under the Companies Act 2006. 32IPage Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 Notes Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand 11 391,303 392,102 12 42,919 269.407 29,536 306,222 312,326 335,758 Creditors.. amounts falling due within one year 13 155,7691 197,3441 Net CLJrrent assets 256,557 238,414 Total assets less current Ilabllltles 647,860 630,516 Income fund$ Restricted funds Unrestricted funds Designated funds General unrestricted funds 16 48,643 22,842 17 569,365 29,852 448,941 158,733 599,217 607,674 647,860 630.516 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2023. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these financial slatemenls. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect lo accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subjed to the small companies regime. The financial statements were approved by the Trustees on 6 December 2023 Docu8b3Mdty'. nty SIL￿ &Is04 64FI.. Trustee Company Registration No. 03749034 33IPage Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD BALANCE SHEET ICONTINUED) AS AT 31 MARCH 2023 Critical accounting estimates and judgements In the application of the Charity's a￿o￿ntIng policies. the Trustees are required lo make judgements. estimates and assumptions about the carrying amount of assets and liabilib'es that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting eslimales arè recognised in the pèriod in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. A¢¢ountlng pollcles Charlty Informatlon Bradford Talking Magazines Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office 1$ 11-12 Eldon Place, Bradford, BD1 3AZ. 2.1 Accounting convention The financial statements have been prepared in accordance wth the Charity's Memorandum and Articles of Assouation, the Companies Act 2008 and 'Accounling and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191" The Charity is a Public Benefit Enlily as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded lo the nearest £. The financial statements have been prepared under the historical cost convention, Imodified to include the revaluation of freehold properties and lo include investment properties and certain financial instruments al fair valuel. The principal accounting policies adopted are sel out below. 2.2 Going concern Al the lime of approving the financial slatemenls, the Trustees have a reasonable expectslion that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue lo adopt the going concern basis of a￿OUntIng in preparing the financial slatemenls. 2.3 Charitable funds Unreslricled funds are available for use at the discretion of the Trustees in ftjrtherance of their charitable objectives. Designated funds are unreslricled funds set aside at the discretion of the trustees for specific purposes. Restricted funds are subject lo specific conditions by donors as to how they may be used. The purposes and uses of the reslricled funds are set out in the notes to the financial slalemenls. Endowment funds are subject lo specific ￿nditionS by donors that the ¢apitsl must be maintained by the Charity. 2.4 Income Income is recognised when the Charity is legally enlilled lo il after any performance conditions have been met, 31lf pvyis can be measured reliably, and it is probable that income will be received. Grants that provide core funding or are of a general nature are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcles Icontlnued) Deferred income represents amounts received for future periods and is released lo incoming ￿SoUrceS in the period for which, il has been received. Such income is only deferred when". The donor specifies that the grant musl only be used in future accounting periods., or The donor has imposed conditions which musl be mel before the charity has unconditional entitlement. Investment income is recognised on a re￿IV2b1e basis. 35IPage Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcles Icontlnued) 2.5 Expenditure Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity lo the expenditure. All expenditure is accounted for on an accrual basis and has been Classified under headings that aggregate all Costs related to the category. other trading activities are the costs of trading for fundraising purposes. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for ils beneficiaries. It includes both costs that can be all(￿ated directly lo such aetiwties and those costs of an indirect nature necessary lo support them. 2.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, nel of depreciation and any impaimient losses. Depreryation is re￿nised so as lo write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Freehold land and buildings Fixtures and fittings Computers 2% straight line basis 20% Straight line ba51S 330/0 Straight line basis The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the slalement of fINan￿al activities. 2.7 Impairment of fixed assets At each reporting end date, the Charity reviews the carrying amounts of ils tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such Indication exists, the recoverable amount of the asset is eslimaled in order to determine the extent of the impairment loss lif any). 2.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call wth banks. other short-term liquid investments wth original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown thin borrowings in current liabilities. 2.9 Financial instruments The Charity ha5 elected to apply the provisions of Section 11 'Basic Financial Inslrumenls, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of ils financial inslrumenls. Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party lo the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial stalemenls, when there Is a legally enforceable right lo set off the recognised amounts and there is an intention lo settle on a nel basis or lo realise the asset and setde the liability simultaneously. Basie financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction including transaction costs and are subsequently carried al amortised cost using the effective interest &fess th e arrangement constitutes a financing transaction, where the transaction is measured al the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcles Icontlnued) Basic financial liabililies Basic financial liabilities, including Creditors and bank loans are initially recognised al transaction price unless the arrangement constitutes a financing Iransaclion. where the debt instrument is measured al the present value of the future payments discounted al a market rale of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried al amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current Iiabililies if payment is due within one year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially al transaction price and subsequendy measured al amorrised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the Charity's contractual obligations expire or are discharged or cancelled. 2.10 Taxation As a chaiily the company is exempl from lax on income falling within part 11 of the Corporation Tax Act 2010 and on gains falling within $256 of the Taxation of Chargèablè Gains Act 1992 to the extent that these are applied to its ¢haritsble objectives. No tax charges have arisen in the charity. 2.11 Employee beneflts The cost of any unLJsed holiday enliuement is recognised in the period in which the employee's setvices are received. Temiinalion benefits are recognised immediately as an expense when the Charity is demonstrably committed lo lerminale the employment of an employee or to provide termination benefits. 2.12 Retirement benefits Payments lo defined contribution retirement benefit schemes are charged as an expense as they fall due. The charity operates a defined contribution pension scheme. Contributions are charged In the stslemenl of financial activities as they become payable in accordance with the rules of the scheme. Charitable activities 2023 2022 Social enterprise income 73,314 80,537 37IPage Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Donations and legacies Unrestricted Restricted funds funds Total Unrestricted Restricted funds funds Totsl 2023 2023 2023 2022 2022 2022 Donations and gifts Grants listed below 1,018 1,000 335.547 2,018 335,547 1,050 1,050 298,282 298,282 1,018 336,547 337,565 1,050 298,282 299,332 Grants recglvablg for cora activities BMDC- Department of Health and Wellbeing Bradford District and Craven CCG Bradford District and Craven CCG - Engaging People National Lottery Community Fund - Hear Our Voice BMDC Test and Trace BMDC Innovation Fund Good Things Foundation WYHHCP Champions WYHHCP Steering Group Covid Communities BMDC Adult So¢ial Care BMDC- Big Conversation Hale 82,499 82,499 66,200 66,200 60.000 60,000 60,000 60,000 27,676 27,676 74,459 74,459 30,710 4,000 31,375 3,000 39,321 30,710 4,000 31,375 3,000 39,321 25.500 25,500 24,276 24,276 12,000 24,000 12,000 24,000 25,000 25,000 13,000 30,813 13,000 30,813 335,547 335,547 298,282 298,282 Inve$lmgnts Unrestrl¢ted Unrestrlcted funds funds 2023 2022 Interest receivable 404 28 38IPage Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Trustees None of the Trustees lor any persons connected with Iheml r￿e1Ved any remuneration or benefits from the Charity during the current or previous year. During the year £nil was reimbursed travel expenses, nil Irustees12022 £nil, nil trusleesl. Charitable activities Charitable Depreciation Activity 2023 Total Charitable Depreciation 2023 Activity 2022 Totsl 2022 2023 2022 Staff costs Depreciation Translation Project expenditure Volunteer and staff travel and expenses 267,244 267,244 14,895 18,066 393 212,633 212,633 15,407 11,317 2,023 14,895 15,407 18,066 393 11,317 2,023 3,228 3,228 4,293 4,293 288,931 14,895 303,826 230,266 15,407 245,673 Share of sUPPOrt costs (see note 81 Share of governance costs (see note 81 87,209 87,209 94,895 94,895 2,904 2,904 2,640 2,640 379,044 14,895 393,939 327,801 15,407 343,208 Analysls by fund Unrestricted funds Restricted funds 68,298 310,746 14,895 83,193 310,746 29,205 298,596 15,407 44,612 298,596 379,044 14,895 393,939 327.801 15.407 343,208 Support costs are allocated to the sde charitable purpose. Management and one staff member are allocated 400k support costs and 60010 direct cost5. 39IPage Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Support costs Support Governance costs costs 2023 Support Governance costs costs 2022 Staff costs Rates Repairs and maintenance Heat and light Insurance Telephone Computer and website Printing, postage and stationery Sundry Book keeping and payroll Travel 16,368 3,656 16,368 3,656 32,284 3,830 32,284 3,830 26,082 9,495 2,522 1,348 17,570 26,082 9,495 2,522 1.348 17,570 13,599 7,336 2,753 2,341 20,877 13,599 7,338 2,753 2,341 20,877 1,839 4,413 3,360 556 1,839 4.413 3,360 556 2,329 6,021 2,940 585 2,329 6,021 2,940 585 Independent examination 2,904 2,904 2,640 2,640 87,209 2,904 90,113 94,895 2,640 97,535 Analysed behNeen Charitable aclivib'es 87,209 2,904 90,113 94,895 2,640 97,535 Support costs are allocated lo the sde charitable purpose. Management and one staff member are allocated 400/0 SUPPOrt costs and 60Qkn direct costs. 40IPage Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Employees The average monthly number employees during the year was.. 2023 Number 2022 Numbar Charitable activities Management and administration Totsl 10 Employmgnt costs 2023 2022 Wages and salaries Social security costs Other pension costs 257,775 18,740 7,097 218,888 14,183 11,848 283,612 244,917 There were no employees whose annual remuneration was more than £60,000. 10 Taxatlon As a charity the company is exempt from lax on income falling within part11 of the Corporation Tax Act 2010 and on gains falling within $256 of the Taxation of Chargeable Gains Act 1992 to the exlenl that these are applied to its charitable objectives. No tax charges have arisen in the charity. 11 Tanglblg flxed as$el$ Fr88hold land Fixtures and and bulldlngs fittlng8 Computers Totsl Cost Al 1 April 2022 Additions 454,578 25,923 157,905 14,095 638,404 14,095 Al 31 March 2023 454,576 25,923 172,000 652,499 Depreclallon and Impalrmont Al 1 April 2022 Depreciation charged in the year 70,917 7,091 25,923 149,461 7,804 246,301 14,895 Al 31 March 2023 78,008 25,923 157,265 281,196 Carrylng amount Al 31 March 2023 376,568 14,735 391,303 119 Y4J(ts 2022 383,658 392,102 Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 11 Tanglble flxed assets Icontlnued) 12 Debtors 2023 2022 Amounts falllng due wlthln one year: Trade debtors Prepayments and accrued income 28,969 13,950 21,658 7,878 42,919 29,536 13 Creditors: amounts falling due within one year 2023 2022 Notss Other taxation and social security Deferred income Trade creditors Accruals 5,576 35,000 5,908 9,287 5,531 71,519 13,819 6,475 14 55,769 97,344 14 Deferred Income 2023 2022 Arising from grants 35,000 71,519 35,000 71,519 Defer￿d income is included in the financial statements as follows.. 2023 2022 Deferred income brought forward Release to the SOFA during the year Deferred during the year 71,519 171,5191 35,000 86,096 {91,8061 77,229 Deferred income carried forward 35,000 71,519 Defer￿d income relates lo grants ￿ceIVed in advance. 42IPage Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 15 Retirement benefit schemes Defined contribution schemes The Charity operates a defined contribution pension scheme for all qualifying employees, during the year payments of £7,097 12022 £11,848) were made. Al 31 March 2023 £2,038 12022 £2,187) was included in creditors. The assets of the scheme are held separately from those of the Charity In an independently administered fund. 43IPage 000 > O 4 0 4) 000 000 jo 000 000 0￿) CN O o¢0 ro tt) o oor 000 000 000 oow>oro(00 oop￿ oiov t￿0 oo)oD1￿ ¢00 000 rtooo ¢0 ¢0 w>- 00￿￿0 00￿0 (N OC90 o¢oo rOOO 000 (4000 vi > CL J O al T5 Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 17 Designated funds The income funds of the ¢harily include the following designated funds which have been sel aside out of unrestricted funds by the trustees for specific PLJrposes'. BalanGe at 1 April 2021 Transfers BalanGe at l April 2022 Transfers Balance at 31 Ma￿h 2023 Equipment Fund Nel Value Building Fund Net Value Staff Contingency Fund Major repairs 4,946 390,752 57,000 3,335 17,0921 8,281 383,660 57,000 6,404 17,0901 18,8901 130,000 14,685 376,570 48,110 130,000 452,698 13,7571 448,941 120,424 589,365 The designated funds represents the net book value of capital items not included in the restricted equipment fund. A transfer has been made in the year to show the purchase of assets in the year. The funds will reduce as the assets are depreciated. The contingency fund is to provide for redundancy pay in the unlikely event the charity has to wind down. A transfer has been made into designated funds lo cover the cost of asbestos removal. 46IPage (n J LQ T5thry wz% 4Y 4 * TJ ¥) (o ro Ln Lr) Ll) o) Docusign Envelop8 ID.. 986BE1AD-3C464985-AB5F-BC57376EBDD4 BRADFORD TALKING MAGAZINES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 20 Members. liability The charity is a private company limited by guarantee and ¢onsequenlly does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. 21 Related party transactions Remungratlon of key management personnel The remuneration of key management personnel, is as follows. 2023 2022 Aggregate compensation 44,341 50,810 The￿ were no further related party transactions which require disclosure12022 none). 48IPage