Docusign Envelope ID.. ADF2454A-B24A4586-9D09-BA52BOE6E12A BRADFORD TALKING MAGAZINES LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Charity Registration No. 1077122 Company Registration No. 03749034 (England and Walesl
Docusign Envelope ID.. ADF2454A-B24A4586-9D09-BA52BOE6E12A BRADFORD TALKING MAGAZINES LTD LEGAL AND ADMINISTRATIVE INFORMATION Trustees l Naqvi M Hussain A Lindley J Ralph S Grisag Skinner {Appointed 17 July 2023) Secretary J S Ingham Charity number 1077122 Company number 03749034 Registered office 11-12 Eldon Place Bradford BD1 3AZ Independent examiner Alison Vvhalley FCA Azets Audit Services Ltd Cadton House Grammar School Street Bradford BD14NS Bankers Lloyds Bank 45 Hustlergate Bradford BD14NT
Docusign Envelope ID.. ADF2454A-B24A4586-9D09-BA52BOE6E12A BRADFORD TALKING MAGAZINES LTD CONTENTS Page Chair and Chief Offir Trustees, report 3-15 Independent examinerfs report 16 Statement of financial activities 17 Balance sheet 18 Notes to the financial statements 19-32
Docusign Envelope ID.. ADF2454A-B24A4586-9D09-BA52BOE6E12A BRADFORD TALKING MAGAZINES LTD CHAIR FOR THE YEAR ENDED 31 MARCH 2024 It's that time of year again, wow how time flies, feels like yesterday I was introducing myself as Chair in the last Annual Report after taking over from John the previous Chair of BTM. Think we can all agree, it's been a fairfy turbulent year in more ways than one, with lots of ups and downs, not just with BTM bLrt also for many other organisations in thevoluntary sector. Whether is reduction in finance awards ornot renewing contractsfrom funding providers, it has been undoubtedly tough going for everyone involved at BTM. Delivering services on a lesser budget has been challenging to say the least. resulting in a lot ofthinking outside the box on ways to move forward. It is in this sort of hard times we find that our resilience is tested to the exlreme, but I feel confident everyone on the Trustee Management Committee. and induding the staff are all detemiined to leave no stone unturned in making sure BTM continues to respond promptly to disabled people's information needs by Continuing to deliver the projects within our existing portfolio that is done so brilliantly and according to the high standard we expect of ourselves. In 2016 the Accessible Infomiation Standard was introduced {over 8 years ago) to ensure all organisations that provide NHS care or publicly funded social care are legally obliged to ensure they follow the 5 principles wth patients and service users regards their communication methods. The latest feedback from users of these services indicates there is still lots of room for improvement and we at BTM will continue to challenge with vigour and diligence towards making these improvements happen. As a home for accessible information, BTM must continue to encourage accountability to those responsible at not practicing accessible infomiation as required by the standard. I'd like to take this opportunity to give a big shout OLrt to all the project participants who have worked extremely hard on their individual personal development or achieving their own goals within an advocacy role capacity advising professionals what they can do to make a better and more accessible world for disabled people. Always brings a smile to my face when I personally observe some of these projects in action either via social media, newsletters or other media sources. Finally, I'd like to thank Jo and all the staff for their hard work and dedication shown and including the Trustees for their continued support and commitment who kindly volunteer their time to ensure high standards of govemance in line with the Charity Commissions latest guidance. - Steve Grisag 3vJnEd by: Chairman
Docusign Envelope ID.. ADF2454A-B24A4586-9D09-BA52BOE6E12A BRADFORD TALKING MAGAZINES LTD CHIEF OFFICER FOR THE YEAR ENDED 31 MARCH 2024 BTM have been supporting people for over 40 years to access infomiation in their first format of choice, enabling them to be active citizens and fully partake in society- Over this last year we have celebrated many achievements and also faced our fair share of challengesl Along with many of our local VCSE partners we have experienced significant cuts to our funding this year. This has resulted in some of our groups and projects ending and staff redundancies. We have also been living with the aftermath of the significant challenges we faced with our building in the last year, the cost of which diminished the reseprfes that we worked so hard to build up over the year5. But as ever I remain extremely proud of our staff team and remain in awe of our wonderful co- production workgroup members made up of people wth lived experience of leaming disability. sensory needs and mental ill health. They continue to work through these challenging times and adversity, making sure that we deliver on our endeavours to support anyone vtho needs infomiation in an altemats.ve format. We were successful in our tender to continue to provide accessible infomiation on behalf of the Department of Health and Wellbeing, City of Bradford District Council. Our co-production workgroups have already completed some work for this contract and we look foNiard to working together over the next 3 years. Our Hear Our Voice lottery funded project workgroups have had an amazing year and our assistants have flourished, with some going on to paid employment elsewhere at the end of their contracts. Although our Social Enterprise has been quiet compared to previous years, as a result of cuts to funding for everyone, we have had the opportunity to work with a variety of clients who are all passionate about making their information accessible. though our Social Enterprise has been quiet compared to previous years, as a result of cuts to funding for everyone, we have had the opportunity to work Vth a variety of dients who are all passionate about making their information a¢¢essible. On behalf of myself and the BTM Trustees I would like to offer our heartfelt thanks to everyone who has supported us over the last year. This indudes the BTM team, our workgroup members and volunteers, our sector colleagues and partners, our commissioners and funders, and our donors. - Jo Ingham
Docusign Envelope ID.. ADF2454A-B24A4586-9D09-BA52BOE6E12A BRADFORD TALKING MAGAZINES LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their report and accounts for the year ended 31 March 2024. The financial statements have been prepared in accordance Yth the accounting policies set out in note 1 to the financial statements and comply wth the Charity's [goveming documentl, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019}. Objectives and activities The Charity's objects are to relieve persons wth visual impaimient or those labouring under some temporary or permanent incapacity or disability, which makes reading a strain or those people who have English as a second language by enabling such people to access information by means of audio or tactile matter, and there has been no change in these during the year. The principal activity of the charity for the year under review was the provision of audio infomiation for any persons who have difficulty with the written word. The charity is organised so that the trustees meet regulady to manage its affairs. The objects of the company are maintained by the policies set by the trustees and enacted by the staff. There have been no material changes during the year. BTM works with and for those people who have difficulty a¢ssing the written word. This includes people who have a visual impaimient, people who are deaf, people who have English as a second language, people with learning disabilities and those who have poor literacy skills. It promotes following the guidance of the 'Five Principles of Producing Better Information for Disabled People, and puts at the centre of its work involvement of those people requiring alternative formats to the standard written word. This broad range of accessible infomiation work enables people and communities to: better understand infomiation provided by statutory organisations such as local councils and health authorities- enabling choice and participation by individuals and minority groups. be infomied and entertained whilst promoting health and well being have an opportunity to participate in the production of better information. promoting independence and control Have their say about how and vthat they would like making accessible. which give them power over their lives and involvement with society in its widest Context. to promote our working groups and enable them to transfertheir skills into wider community groups The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.
Docusign Envelope ID.. ADF2454A-B24A4586-9D09-BA52BOE6E12A BRADFORD TALKING MAGAZINES LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Through our contracts and social enterprise, we have produced over 70 pieces of accessible information in a variety of formats including easy read, audio and British Sign Language {BSL). We have facilitated over 200 workgroup sessions with people with lived experience. This has supported people, not only in our local area, but across the country to access infomation on a wide variety of topics. Our grant agreement with our local authority saw us producing easy read instructions for new changing plaS toilets across the district, BSL and audio versions of grants guidance, and updating our aSsIble voting information in readiness for the General Election as well as many other pieces. We worked alongside our local NHS Integrated Care Partnership to co- produce information enabling people to have their say on local consultations. producing easy read leaflets about health checks and developing easy read summaries of reports. Highlights from our social enterprise include training on Deaf awareness and neurodiversity, short films and animations, and audio information to support a person with a visual impairment. The team and our workgroups have played a key role in delivering this vital information, enabling people to be fully involved in the world around them. -BTM is a great place to come. I have learnt new skills such as co- producing easy read which I knew nothing about until I came here. I'm now one of the experts at co-producing it. I love working as a team and I've also improved my computer skills.. Hana co-production workgroup member Our projects and contracts Bradford Council Department of Health and Wellbeing Over the last year we have completed several pleS of work as part of our contract including updating our suite of accessible voting resources, accessible content for the council website, information for new Changing PlaS toilets in the district and many more. As the contract was coming to an end in March 2023. we had lots of meetings and visits from the Commissioning Team, who had to put together a case for the contract going fotward. This resulted in us having to submit a new tender which we were SUCssful with from May 2024. Bradford District and Craven Health and Care Partnership Over the past year our work for the partnership has been very quiet despite us championing the need for accessible information as a statutory and legal duty. Work completed included accessible versions of the LeDeR report, SMI health check leaflet in easy read and several consultation events. Unfortunately, this contract is not being funded for the coming year 2024-2025. Hear Our Voice Last year the Hear Our Voice project has seen our community of people with learning disabilities, mental health problems, autistic people and the deaf develop their skills in digital media, socialising and creativity. We have so many success stories from past participants who have built confidence in themselves and are now able to communicate their needs and ideas, some of which have moved on from participants to paid staff on the project and others who have gone on to paid employment elsewhere, university, and volunteering with other organisations. Vle are very proud of the positive impact we have had on the communities we engage with.
Docusign Envelope ID.. ADF2454A-B24A4586-9D09-BA52BOE6E12A BRADFORD TALKING MAGAZINES LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 We have also been incredibly proud of what all of our project assistsnts have achieved in a short space of time. One of our assistants has gone on to ftjll time work as a teaching assistsnt, another set up his own creative writing group and will start his animation degree at Bradford University in September. Daniel has been coming to the sessions for a while. During this time, he has considerably improved his existing skills and he is very keen to leam new skills. He has learned how to become a team player by contributing to group projects and by creating storyboards for the group. We are slowly encouraging him to work outside of his comfort zone by teaching him how to do things in different ways and to leam from when things have gone wrong. Daniel was a big part of the David Hockney Project researching about David Hockney and creating the story board. Daniels's film, Café Chaos, was entered into the Smiley Film Awardsl Although it didn't win it was a great experience and it was an opportunity for many more people to view this wonderful film. It has also given Daniel greater confidence in his skills and abilities. Click on this link to see what Daniel says about Café Chaos and the HOV project. https:Ilyoutu.belL dH9kdOFb Learning Disability Health and Care Champions The Health and Care Champions work to the themes of.. Start Well Live Well Age Well Working with people with leaming disabilities Over the last year they have worked on a variety of different topics including reasonable adjustments, menopause, a film to help recruit new healthcare workers, and some clips busting some myths about people with learning disabilities. Unfortunately, this project is no longer being funded as of March 2024. Our Lives Our Way Our Lives Our Way supports people to ty new things and build new skills. The programme is led by its members and together we create opportunities for disabled people with different experiences and backgrounds to meet, socialise, plan and do things that its members want, will enjoy, and will support people towards their independence. It is a partnership project between Equality Together, who are the lead, BTM, Bradford People First and People First Keighley and Craven. BTM runs the Trips and Travels group and members meet each week to plan trips out, such as researching travel, booking tickets and restaurants and making sure everyone is included. The trips are then held every other week. This year the group have been bowling, to museums, the seaside and meals out. Unfortunately, this project is no longer being funded as of May 2024. Citizens Engagement Citizens Engagement is one part of the Here 4 BDCC Partnership contract with BMDC. It is led by HALE working jointly with BTM, CNET, KHL and the wider Here 4 BDCC partners. The aim of the project is to engage and co-produce in the sector to involve people in their communities. Our role is to make sure disabled people and people with sensory needs have full and equal access. We do this through engagement sessions with other disability groups and by making sure that materials and information are accessible. This includes BSL, easy read, audio, community languages and others. BTM along with other partner organisations have played an important and helpful role in engaging with people about a range of health related
Docusign Envelope ID.. ADF2454A-B24A4586-9D09-BA52BOE6E12A BRADFORD TALKING MAGAZINES LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 information. We worked with many people who were struggling with the rise in cost of living by providing them with advice and signposting them to ServIS where they can re1ve additional support. We have been actively involved in engagement with the people of Shipley, addressing COnrnS and collating their feedback around the closure of Shipley Hospital. We are also working alongside our partners to engage with communities in Airedale, listening to their ideas about the new Airedale Hospital as part of the Hospitals 2.0 programme funded by the govemment. We are in the second year of Listen In, which has been a huge success. BTM have visited 19 groups so far to find out how our communities are doing with their health and wellbeing, where they live, their work, education, family life and their eXperIenS with health and care services. This year has been focused on specific groups of people such as Children and Young People, Disabled People and their Carers, and LGBTQ+ communities. We are looking foward to continuing with this work over the next year. In total we have engaged with over 2.463 people this yearl Co-production Partnership The Co-Production Partnership is jointly managed by Equality Together and BTM. It works to give disabled people a voice on how services are developed across the Bradford District and Craven. In March 2024 we held our latest district wide event for disabled people, their carers and people who work in seNices. This brought together almost 100 people to look at what the important issues are for disabled people in the Bradford District. The Co-Production Partnership was asked to nominate a disabled person to be a representative on Bradford Council's Health and Social Care Overview and Scrutiny Committee. We are pleased to announce that someone was selected for this role. They said "I hope I can help get our views as disabled people to more areas of the council in order to help improve acssIbl11ty and servi$ for myself and my fellow people with disabilities. I will try my utmost best and thank you for choosing me." Friendship Project We were able to form a Deaf Friendship group thanks to a small grant from the Bradford District Local Friendship Grants Scheme. The group met regularly on a Thursday morning to plan trips and look at the accessibility of information for venues across the district. The trips included visits to the Industrial and poli museum. the cinema and theatre. It was often challenging to find BSL interpreted and subtitled perforManS for films and the theatre, with the subtitled versions often being cancelled at short notice. Talking Telegraph The Talking Telegraph is a free monthly talking newspaper for people with visual impairments. BTM took the reins from a long established and very hard-working group of volunteers in October 2023. Articles of interest are sourced from a local newspaper by a group of volunteers. They are then recorded and edited in our studios. saved to memory sticks and sent to a distribution list across our area. Our co-production workgroups Co-production at BTM is about working together in an equal and equitable way to make information that is easy for everyone to understand.
Docusign Envelope ID.. ADF2454A-B24A4586-9D09-BA52BOE6E12A BRADFORD TALKING MAGAZINES LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 BTM have long-established workgroups that are attended by people with learning disabilities andlor autism, mental ill health, members of the Deaf community and people with visual impairments. They are integral to the work we do. Having existing workgroups allows us to quickly respond to the needs of people in the Bradford District, for example during the Covid-19 pandemic. We were able to keep up with the fast-changing rules and regulations to keep people informed of the latest guidan such as wearing masks, lockdowns, and information about the vaccines. Groups are facilitated by our experienced staff but driven by the members as they have a detailed understanding of what is needed by them and their peers. Accessible infomation is created by workgroup members with support from staff, everything we do is co- produced. The process includes breaking down information into manageable chunks, working together to find easier to understand language, sourcing images, filming, editing and formatting to final versions. Each workgroup member has the opportunity to be involved in every aspect of the process. We have a range of accessible media equipment, film and audio studios, and Adobe Soare packages for formatting and editing. Workgroup members are all trained in using this equipment which helps to develop their skills. Anyone attending a BTM workgroup has the opportunity to be involved in the wider activities of our organisation. This includes.. co-producing and co-delivering training sessions on subjects such as neurodiversity, Deaf awareness, and the Accessible Information Standard attending meetings such as the Healthier Lives group, Tackling Disability Hate crime group, co- production partnership volunteering for the Talking Telegraph, an audio talking newspaper for people with visual impairments applying for paid roles such as our lottery funded project Hear Our Voice mentors. We also support workgroup members to find other volunteering roles and look for paid employment. We have facilitated over 200 workgroup sessions in the last year. Our People Being a good employer and promoting positive wellbeing has ahvays been high on our list of priorities, so it was very difficult for us to have to make 2 posts redundant in eady 2024 due to funding cuts. As a charity we often have to make difficult decisions about how we use our resources and, on this occasion, we were unable to keep the posts going from our own reserves. Fortunately, both post holders were able to secure employment elsewhere quickly and we wish them all the luck in their new ventures. The remainder of the team have worked and continue to work tirelessly, supporting each other, our workgroups and the wider population with accessible information. Investing in ourselves is usually way down our list of priorities but l am pleased to say that this year 2 of our small team have completed qualifications in British Sign Language {BSLI, 4 have completed first aid training and one has completed Level 2 Award in Skills for Teaching Independent Travel.
Docusign Envelope ID.. ADF2454A-B24A4586-9D09-BA52BOE6E12A BRADFORD TALKING MAGAZINES LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 '1 have been able to complete BSL level two this year because BTM have funded the course. I have really appreciated the opportunity because I think it's important to be able to communicate with deaf colleagues, participants at BTM and the wider deaf community in their language. I have also enjoyed participating in the course and like learning new things., Anna, BTM Team Member We continue to be able to employ people with lived experience through our Hear Our Voice project. Over the past year ourAssistants have flourished, one has gone on to gain fijll-time employment in Deaf education, another has started a university course and others gone on to further volunteering opportunities. This is due to them gaining skills and confidence through their employment with us. Over the past year I have been assisting the volunteers on the HOV Wednesday group with their projects. I have spent time getting to know the group and supporting each group member to contribute in the project. I have learnt to be person centred when supporting each individual group member, as everyone has different needs such as J, who is a member in a wheelchair and has very little mobility. I prepare him a drink whenever required and also operate the camera equipment on his behalf. Working with the staff members has provided me with opportunities to learn how to use editing sofvare such as Adobe Premiere. I have developed my skills around subtitling. audio editing, colour balancing and using the Protools audio recording SOfare in the studio. Leaming to use the equipment such as digital SLR cameras and setting up tripods has encouraged me to take up photography in my spare time. Working on these projects has improved my people skills and l enjoy interacting with group members, many of whom have moderate mental health issues. I find we have many things in common and like to listen to their stories. I have been researching courses that I can do in the future around mental health support as I think this may be something I like to do in the future. I have also spent time with the British sign language groups at BTM and have recently been taking private lessons to learn some sign language, so that l am better able to communicate with the deaf volunteers. Besides my work as the HOV mentor I have volunteered my time to the Talking Telegraph project at BTM. I have been leaming how to use the studio equipment to record stories from the telegraph and argus so that people with visual impairments can also access the articles. -BTM Hear Our Voice Assistant
Docusign Envelope ID.. ADF2454A-B24A4586-9D09-BA52BOE6E12A BRADFORD TALKING MAGAZINES LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Public benefit that is provided by the Charrty BTM works with and supports people who have difficulty accessing the written word. This lack of information or access to it means people can be excluded from taking an active role in their own lives or society in general. Our broad range of accessible information work enables people and communities to.. Better understand information provided by statutory organisations such as the local authority and NHS which then enables choice and participation Be informed and enabled whilst promoting health and wellbeing and individual choice Have an opportunity to participate in the production of accessible infomation which helps to promote Independen and control Have their say about how and what information they would like making accessible. This gives people power over their own lives and involvement within society. We would like to state formalty that we do not discriminate against people with low income. We actively support people accessing our services with the free workgroups we offer. The Trustees have reviewed the guidan by the Charity Commission and consider we comply with the public benefit requirements. Achievements over the last year against our objectives From 2023- 2024 our main objectives were: Work with more young people and people from minority ethnic backgrounds We have recruited new members to our workgroups this year, many of whom are from diverse backgrounds. The majority of our Hear Our vol Monday group are under the age of 25 We have also made connections with local schools and colleges in a bid to encourage more students to attend our workgroups when they have left education. Maximise the potential of our building 11-12 Eldon Place We have now completed the refurbishment and essents.al building work to our fully accessible building so that it meets health and safety standards. We continue to welcome people every day of the week. We have had valuations carried out on the property this year as this had not been done since we bought the building in 2011. We will continue to look at the feasibility of renting out Offi space to help us to generate income. Keep up to date with Al and other technological developments We have carried out research into Al and how it could help us with our work, however we still truly believe that co-production with our workgroups is the best way to deliver our accessible information. Our Hear Our Voice workgroups have, however, used Al to help them with a project to make a set of top trump cards. Work in partnership with other local organisations
Docusign Envelope ID.. ADF2454A-B24A4586-9D09-BA52BOE6E12A BRADFORD TALKING MAGAZINES LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 We have strengthened our relationships with other local VCSE organisations over the last year, in particular Equality Together and Bradford People FirsL Our Chief Officer is a member of the Leaders Network, part of the Bradford District VCSE Community. This has enabled us to nefvrfork and forge more partnerships with local organisations. Our work in the wider West Yorkshire area has given us the opportunity to showcase our work to a bigger audien, we will continue to work on these relationships over the coming year. Continue to employ people with lived experien Our Hear Our Voice project has been able to continue to employ 3 people with lived experience, thanks to The National Lottery Reaching Communities Fund. Assistants are employed for 6 hours a week and are a fijll part of the BTM team. We have also been able to employ 2 part-time BSL workers who have lived experience of sensory loss, this has enabled us to deliver more work to support the Deaf community across our district. Further our work with the Deaf community We have continued to work with our 2 Deaf groups, giving people the opportunity to learn new skills and co-produce information in the first language of their chol- BSL. The groups are led by our BSL worker and supported by BSL interpreters who provide communication support beeen Deaf and hearing people to make sure everyone can be a part of and feel welcome in the groups. We have made links with schools and colleges across the district who support Deaf students in an effort to recruit more people to our groups. We have also been part of a working group to look at our local health and social care systems approach to BSL. Our main objectives for 2024 to 2025 are= Seek more funding and generate more income for ourselves through our social enterprise so we can become financially sustainable Get better systems and processes in place to maximise our efficiency. Promote ourselves better. Continue to champion the need for accessible information including promoting the ACSsible Infomiation Standard. Work with more people and employ more people with lived experience. Seek opportunities for working alongside the private sector and making them aware of the need for accessible information in their Workpla$. Look at opportunities for merging with like-minded organisations to make better use of resources and having a stronger voice across the district. In presenting this overview of our financial 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 ofAssociation and feel they comply with the public benefit guidan published by the Charity Commission. Diversity In the past year we have supported, enabled and worked alongside a broad range of people with lived experience of disability and sensory loss to encourage participation in planning, consultation and 10-
Docusign Envelope ID.. ADF2454A-B24A4586-9D09-BA52BOE6E12A BRADFORD TALKING MAGAZINES LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 discussion groups. The work has been 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 distributing the information such as audio MP3 files, QR codes, films clips with language subtitles and voiceovers, and animations to reach as many people as possible. Our staff team and Board of Trustees are ethnicalty diverse and include people with lived experien of disability, sensory loss, mental ill health and carers. They all have good knowledge of the local area. We have Urdu, Punjabi and Bengalilsylheti speakers and our BSL worker is a member of the Deaf community and fluent in BSL. Three of our team members have level one BSL, and one other is learning level 2. We welcome people from all across the Bradford District and Craven to our workgroups. Our recruitment policies for workgroup members are updated regularly to ensure we reach the widest possible pool of members. We continually assess our Servi to make sure it meets everyone's needs, whatever their background or culture. Communicating We continue to neOrk and consult with other VCSE organisations across the Bradford District and Craven and the wider West Yorkshire area. Over the past year we have worked dosely with Equality Together, Bradford People First and People First Keighley and Craven, Hale, Exclusively Inclusive and many others. We value the work we do in coming together to support the people of our district in our mutual endeavours. Communication is a key part of this to make sure we are not duplicating work but instead working together. We have contributed to the wider issues of the district and communicate with partners on a variety of different topics including the Bradford Council budget proposals, information about medicine waste. consultations on the newAiredale Hospital and many others. We jointly manage the Co-Production Parthership which gives disabled people a Vol in how SeNiS are developed in the Bradford District. The involvement of the Trustees The Trustees are fully conversant with the ongoing activities of the Charity and technical developments with our field or work. They drive fOard the activities of the Charity and our social enterprise. They support and encourage staff to propose new ideas and pathways to develop services for people who need accessible information. The Trustees receive regular reports from staff and workgroups and they are confident that BTM has shown a commitment to rising to challenges and strengthening our position and reputation and meeting our objectives. This year we have welcomed a new Trustee Isla Skinner and we actively recruit to our diverse board. The Future Utilising our home at 11-12 Eldon Pla We want to continue to maximise the opportunity to secure our future and expand the services we deliver with disabled people. 11
Docusign Envelope ID.. ADF2454A-B24A4586-9D09-BA52BOE6E12A BRADFORD TALKING MAGAZINES LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 This year has seen us complete vital and necessary repairs to the building in order to comply with health and safety regulations. Though this has hugely depleted our reserves, we are now confident that the building is safe and secure for the future. The coming year will see us working closely with our Board, Team and workgroup members about the future of our current home. Social Value and Asset Sharing BTM provides accessible information across the district. The need for social value gS beyond our organisation, to the much wider society we seNe. We want to ensure that everyone has access to information to enable them to make informed choices and access all opportunities. We do this in lots of different ways including.. Giving people aCsS to a safe environment with refreshments, opportunities to socialise, use technology or spend quiet time Supporting workgroup members to increase Confiden and skills, improving their opportunities to access paid employment or other volunteering opportunities. This also supports decision making and personal responsibility Co-production of accessible information and sharing on a wide variety of topics e.g., money management, gambling, staying positive, how to keep warm, cost of living crisis. This provides vital information for people on low incomes or in crisis Offering space to other VCSE organisations in the district for meetings, workshops and consultations Production and distribution of the Talking Telegraph, a monthly tslking magazine for people with visual impairments. Thank you to everyone who has supported us over the last year, through contracts, funding, grants and donations. 12-
Docusign Envelope ID.. ADF2454A-B24A4586-9D09-BA52BOE6E12A BRADFORD TALKING MAGAZINES LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Financial review The income for the year amounted to £334,430 (2023 £411.283) wth expenditure amounting to £491,97012023 £393,939) resulting in a net expense of £157,540 {2023 £17,344 income). which includes £15,192 depreciation charge. It is the policy of the Charity that unrestricted funds vthich have not been designated for a specific use should be maintained at a level equivalent to beeen three and six month's expenditure, £122,000 - £245,000. The Trustees considers that reserves at 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 to ways in which additional funds may be raised. General funds at 31 March 24 amounted to £73,275 (2023 £29,852) which is not yet within reserve target. Fundraising Section 162a of the Charities Act 2011 requires charities to make a statement regarding fundraising activities. The legislation defines fundraising as 'soliating or otherwse procuring money or other propety 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 statements for the year under review. The charity has received no complaints in relation to fundraising activity for the year under review. Given the nature of the funding of the charity the Trustees consider that it remains appropriate not to be voluntarily bound to be regulated by the Fundraising Regulator. Risks The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. Structure, governance and management The charity is constituted as a company limited by guarant and is therefore governed by its 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 Seed during the year and up to the date of signature of the financial statements were.. l Naqvi M Hussain A Lindley J Ralph S Grisag The methods adopted for the recruitment and appointment of new trustees People can be put forward to join the twstee board by filling in an application form that will be discussed by the trustees. The individual, group or organisation may be asked to attend a meeting to further explore their application. The charity can also propose honorary members or recruit new members to the board where it feels, after review. that it would broaden its skills and knowledge base by doing so. Qualifying third party indemnity provisions Indemnity insurance has been taken out during the year and is induded in the insurance costs. This report is prepared in accordance viith the provisions applicable to companies entitled to the small companies exemption. 13-
Docusign Envelope ID.. ADF2454A-B24A4586-9D09-BA52BOE6E12A BRADFORD TALKING MAGAZINES LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The Trustees, rreport was approved by the Board of Trustees. sathÈd ty." S Grisag Trustee Date.. 19 December 2024 14-
Docusign Envelope ID.. ADF2454A-B24A4586-9D09-BA52BOE6E12A BRADFORD TALKING MAGAZINES LTD STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 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 accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resour$ 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 to= select suitable accounting policies and then apply them consistently- obseNe the methods and principles in the Charities SORP" make judgements and estimates that are reasonable and prudent- and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the Charity 11 continue in operation. The Trustees are responsible for keeping adequate accounting records that disclose wrth reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements 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 iegUlaties. 15-
Docusign Envelope ID.. ADF2454A-B24A4586-9D09-BA52BOE6E12A 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 2024, which are set out on pages 30 to 45. 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 statements. The Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity's gross income exceeded £250,000 and l am qualified to undertake the examination being a qualified member of FCAwth the ICAEW. Having satisfied myselfthat the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to.. examine the financial statements under section 145 of the 2011 Act., (li) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5){b) of the 2011 Act-, and (iii} to state whether particular matters have come to my attention. Basis of independent examinerfs report My examination was carried out in accordance wth 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 wth those records. It also includes considerats'on of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees conceming 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 to whether the financial statements present a 'true and fair Vie and the report is limited to those matters set out in the next statement. Independent examinerfs statement In connection with my examination, no matter has come to my attention.. (a) which gives me reasonable Cause to believe that in any material respect the requirements.. {1} to keep accounting records in accordance wilh section 386 of the Companies Act 2006; and {ii) to prepare financial statements which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and wth the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities.. have not been met or (b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached. S*ned by. OC2221185F424D2.. Alison Whalley FCA Independent Examiner Azets Audit Services Ltd Carlton House Grammar School Street Bradford BD14NS Dated.. 19 December 2024 16-
Docusign Envelope ID.. ADF2454A-B24A4586-9D09-BA52BOE6E12A BRADFORD TALKING MAGAZINES LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Notes Income from: Donations and legacies Charitable activities Investments 1,000 40,074 964 292,392 293,392 40,074 1,018 73,314 404 336,547 337,565 73,314 404 Total income 42,038 292,392 334.430 74,736 336,547 411,283 enditure on: Charitable activities 150,935 341,035 491,970 83,193 310,746 393,939 Net (expenditure)lincome for the yearl Net movement in funds {108,897) (48,643) (157,540) (8,457) 25,801 17,344 Fund balances at 1 April 2023 599.217 48.643 647.860 607.674 22,842 630,516 Fund balances at 31 March 2024 490,320 490,320 599,217 48,643 647,860 The ststement of financial activities indudes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies the requirements for an income and expenditure account under the Companies Act 2006. 17-
Docusign Envelope ID.. ADF2454A-B24A4586-9D09-BA52BOE6E12A BRADFORD TALKING MAGAZINES LTD BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand 11 378.498 391,303 12 61,440 72,742 42,919 269,407 134,182 312,326 Creditors: amounts falling due within one year 13 (22.360) 155,769) Net current assets 111,822 256,557 Total assets less current liabilities 490,320 647,860 Income funds Restricted funds Unrestricted funds Designated funds General unrestricted funds 16 48,643 17 417,045 73,275 569,365 29,852 490.320 599,217 490.320 647,860 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 2024. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these financial statements. The directors a¢knOedge their responsibilities for Complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparab'on of financial statements. These financial statements have been prepared in accordance wth the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Trustees on 19 Dmber 2024. br. SIL &is¥ S Grisag Trustee Company Registration No. 03749034 18-
Docusign Envelope ID.. ADF2454A-B24A4586-9D09-BA52BOE6E12A BRADFORD TALKING MAGAZINES LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charity information Bradford Talking Magazines Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is 11-12 Eldon Place, Bradford, BD1 3AZ. 1.1 Accounting convention The financial statements have been prepared in accordance with the Charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effective 1 January 2019)" The Charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling. which is the ftjnctional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Designated funds are unrestricted funds set aside at the discretion of the trustees for specific purposes. Restricted fvnds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Income Income is recognised when the Charity is legally entitled to it after any perfomiance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Grants that provide core ndIng or are of a general nature are recognised where there is entitlement, certainty of receipt and the amount can be measured with SLrffi¢ient reliability. Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when: The donor specifies that the grant must only be used in future accounting periods., or The donor has imposed conditions which must be met before the charity has unconditional entitlement. Investment income is recognised on a re1vable basis. 19-
Docusign Envelope ID.. ADF2454A-B24A4586-9D09-BA52BOE6E12A BRADFORD TALKING MAGAZINES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued 1.5 Expenditure Liabilities are recognised as soon as there is a legal or constwctive obligation committing the charity to the expenditure. All expenditure is accounted for on an accwal 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 its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuats-on of assets less their residual values over their useful lives on the followng bases.. Freehold land and buildings Fixtures and fittings Computers 2% straight line basis 200A straight line basis 33% straight line basis The gain or loss arising on the disposal of an asset is determined as the difference beeen the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairment of fixed assets At each reporting end date, the Charity reviews the carying amounts of itstsngible assets to detemine whether there is any indication that those assets have suffered an impaimient loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss {if any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-term liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilit'es. 1.9 Financial instruments The Charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset. with the net amounts presented in the financial statements. when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the 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 wthin one year are not amortised. -20-
Docusign Envelope ID.. ADF2454A-B24A4586-9D09-BA52BOE6E12A BRADFORD TALKING MAGAZINES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction. where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at 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 liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the Charty's contractual obligations expire or are discharged or cancelled. 1.10 Taxation As a charity the company is exempt from tax on income falling within part 11 of the Corporation Tax Act 2010 and on gains falling within s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives. No tax charges have arisen in the charity. 1.11 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's seNices are received. Temiination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide temiination benefits. 1.12 Retirement benefits Payments to 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 statement of financial activities as they become payable in accordance with the rules of the scheme. Critical accounting estimates and judgements In the application of the Charity's accounting policies. the Trustees are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period 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. 21
Docusign Envelope ID.. ADF2454A-B24A4586-9D09-BA52BOE6E12A BRADFORD TALKING MAGAZINES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Donations and legacies Unrestricted Restricted funds funds Total Unrestricted Restricted funds funds Total 2024 2024 2024 2023 2023 2023 Donations and gifts Grants listed below 1,000 1,000 292,392 1,018 1,000 335,547 2,018 335,547 292,392 1,000 292.392 293.392 1,018 336,547 337,565 Grants receivable for Core activities BMDC - Department of Health and Wellbeing Bradford District and Craven CCG National Lottery Community Fund- Hear Our Voice BMDC Innovation Fund WYHHCP Champions Department of Wellbeing BMDC Adult Social Care BMDC- Big Conversation Hale Dept of Work and Pensions Talking Newspapers Federation 73,891 73,891 82,499 82,499 15,000 15,000 60,000 60,000 74.483 26.330 27.447 4.802 35.000 74,483 26,330 27.447 4,802 35.000 74,459 25,500 24,276 74,459 25,500 24,276 25,000 25,000 13,000 30,813 13,000 30,813 31,406 31,406 1.433 1.433 2,600 2,600 292,392 292,392 335,547 335,547 Charitable activities 2024 2023 Social enterprise income 40,074 73,314 -22-
Docusign Envelope ID.. ADF2454A-B24A4586-9D09-BA52BOE6E12A BRADFORD TALKING MAGAZINES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Investments Unrestricted Unrestricted funds funds 2024 2023 Interest receivable 964 404 Trustees None of the Trustees (or any persons connected fjth them) received any remuneration or benefits from the Charity during the current or previous year. No travel expenses were reimbursed to trustees during the current or prior year. Charitable activities Charitable Depreciation Activity 2024 Total Charitable Depreciation 2024 Activity 2023 Total 2023 2024 2023 Staff costs Depreciation Translation Project expenditure Volunteer and staff travel and expenses 219.879 219.879 15.192 18.412 2.048 267,244 267,244 14,895 18,066 393 15.192 14,895 18.412 2.048 18,066 393 2.732 2,732 3,228 3,228 243,071 15,192 258,263 288,931 14,895 303,826 Share of support costs (see note 8) Share of govemance costs (see note 81 230.516 230.516 87.209 87,209 3.191 3,191 2,904 2,904 476.778 15.192 491.970 379,044 14,895 393,939 Analysis by fund Unrestricted funds Restricted funds 135,791 340.987 15.144 48 150,935 341.035 68,298 310,746 14,895 83,193 310,746 476.778 15.192 491.970 379.044 14,895 393,939 -23-
Docusign Envelope ID.. ADF2454A-B24A4586-9D09-BA52BOE6E12A BRADFORD TALKING MAGAZINES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs Support Governance costs costs 2024 Support Governance costs costs 2023 staff costs Rates Repairs and maintenance Heat and light Insurance Telephone Computer and website Printing, postage and stationery Sundry Book keeping and payroll Travel 18,055 2,952 18,055 2,952 16,368 3,656 16,368 3,656 169,246 8,347 2,562 2,824 15,060 169.246 8.347 2.562 2.824 15.060 26,082 9,495 2,522 1,348 17.570 26,082 9,495 2,522 1,348 17,570 695 4,178 6.110 487 695 4,178 6,110 487 1,839 4,413 3,360 556 1,839 4,413 3,360 556 Independent examination 3,191 3.191 2,904 2,904 230,516 3,191 233.707 87.209 2.904 90,113 Analysed between Charitable activities 230,516 3,191 233.707 87.209 2.904 90,113 Support costs are allocated to the sole charitable purpose. Management and one staff member are allocated 40010 SUPPOrt costs and 600A direct costs. Included in Govemance cost is £5,941 (2023 £2.904) paid to the Accountancts for Independent Examination. -24-
Docusign Envelope ID.. ADF2454A-B24A4586-9D09-BA52BOE6E12A BRADFORD TALKING MAGAZINES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Employees The average monthly number emploYS during the year was.. 2024 Number 2023 Number Charitable activities Management and administration 12 12 Total 13 Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 220,673 12,719 4,542 257,775 18,740 7,097 237,934 283,612 There were no employees whose annual remuneration was more than £60,000 in the current or prior year. 10 Taxation As a charity the company is exempt from tax on incomefalling wthin part11 ofthe Corporation TaxAct 2010 and on gains falling within $256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives. No tax charges have arisen in the charity. 11 Tangible fixed assets Freehold land Fixtures and and buildings fittings Computers Total Cost At 1 April 2023 Additions 454.576 25,923 172,000 2,387 652,499 2,387 At 31 March 2024 454.576 25,923 174,387 654,886 Depreciation and impairment At 1 April 2023 Depreciation charged in the year 78.008 7.092 25,923 157,265 8,100 261,196 15,192 At 31 March 2024 85.100 25,923 165.365 276,388 Carrying amount At 31 March 2024 369,476 9,022 378,498 At 31 March 2023 376,568 14,735 391,303 -25-
Docusign Envelope ID.. ADF2454A-B24A4586-9D09-BA52BOE6E12A BRADFORD TALKING MAGAZINES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Tangible fixed assets (Continued 12 Debtors 2024 2023 Amounts falling due within one year: Trade debtors Prepayments and accrued income 36,666 24.774 28,969 13,950 61.440 42,919 13 Creditors: amounts falling due within one year 2024 2023 Notes Other taxation and social security Deferred income Trade creditors Accruals 2,589 5,576 35,000 5,906 9,287 14 6,461 13,310 22.360 55,769 14 Deferred Income Deferred income is included in the financial statements as follows= 2024 2023 Deferred income is included within.. Current liabilities 35,000 Movements in the year.. Deferred income at 1 April 2023 Released from previous periods Income deferred in the year 35,000 (35.000) 71,519 (71,519) 35,000 Deferred income at 31 March 2024 35,000 -26-
Docusign Envelope ID.. ADF2454A-B24A4586-9D09-BA52BOE6E12A BRADFORD TALKING MAGAZINES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15 Retirement benefit schemes Defined contribution schemes The Charity operates a defined contribution pension scheme for all qualifying employees, during the year payments of £4,542 (2023 £7,097) were made. At 31 March 2024 £879 (2023 £2,038) was included in creditors. The assets of the scheme are held separately from those of the Charity in an independently administered fund. -27-
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Docusign Envelope ID.. ADF2454A-B24A4586-9D09-BA52BOE6E12A BRADFORD TALKING MAGAZINES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Designated funds The income funds of the charity include the following designated fvnds which have been set aside out of unrestricted funds by the trustees for specific purposes= Balance at 1 April 2022 Transfers Balance at 1 April 2023 Resources expended Transfers Balance at 31 March 2024 Equipment Fund Net Value Building Fund Net Value Staff Contingency Fund Major repairs 8,281 383,660 57.000 6.404 (7,090) (8,890) 130.000 14,685 376,570 48,110 130,000 (5,6171 (7,0931 (9,6101 9,068 369,477 38,500 (130.000) 448,941 120.424 569,365 (130,000) (22,3201 417,045 The designated funds represents the net l)ook value of capital items not included in the restricted equipment fund. Atransfer has been made in the year to show the depreciation of assets in the year. The funds will reduce as the assets are depreciated. The contingency ftjnd is to provide for redundancy pay in the unlikely event the charity has to wind down. -30-
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Docusign Envelope ID.. ADF2454A-B24A4586-9D09-BA52BOE6E12A BRADFORD TALKING MAGAZINES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Members. liability The charity is a private company limited by guarantee and consequently 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 Remuneration of key management personnel The remuneration of key management personnel. is as follows. 2024 2023 Aggregate compensation 45,137 44,341 There were no further related party transactions which require disdosure (2023 none). -32-