Charlty Regt5tration No. 1111920
Company Registration No. 05572861 (England and Wales)
BRADNET
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
'AAKIXE9F*
24112f2021
COMPANIES HOUSE
#79

BIIADN
LEGAL AND ADMINisfRAnVE INFORMATION
FOR THE YEAR ENDED 31 MARCH 2021
Trustees
Abid 8ashir Ichairl
Kurshid Saddique
Ibrar Hussain
Charity number
1111920
Cornpany number
05572861
Principle address
Wright Watson Enterprise Centre
Thorp Garth
Bradford
BDIO 91D
Re8iStered office
Guardian House
22 Manor Row
Bradford
8014au
Accountants
Torevell DeTht Ltd
1- 3 St Ann's place
Pellon Lane
Halifax
HXI 5RB

BIIADNET
CONTENTS
FOR THE YEAR ENDED 31 MARCH 2021
Paffe
Tru5tees' Report
Trustee Resptsnsibilitie5
Independent Examiftèrs Report
Statement of Financial ActNtknes
8alance Sheet
Statement of Cash Flow
io
Note5 to the Financial Statements
11-17

BRADNET
TRUSTEE REPORT
R THE YEAR ENDED 31 MARCH 2021
L Structure Govèrnantè and Man
em
Èradnet is a rompany limited by guarantee incorporated on 23 September 2W5 with company number
05572861. The Company was established under a Memorandum and Articles of Association which form
Bradnet's '8ovefning documents-.
Bradnet is also a charity reElStered on 14th November 2￿)5 with charity number 1111920. A¢cofdingly. Ihe
Board of Oirector5 of the company are also its trustees for the purpose of charity law" however, throughout this
report they are Collectively referred to as"Directors-.
The Dlreclors..
Nam¢:
A Bashir
K Saddique
l Hussain
Start Date:
3110712018
2610912018
3110V2019
8radnet's Board of Dirertors is responsible for the strategic dirertor and sound overall management of Bradnet.
The 8oard of Direuors has members from a variety of professional background5 and experience of disability
relevant to Bradnet's eihos and work. The Directors meet about every 6 to 8 weeks to discuss and decide upon
strategic and business matters.
A scheme of dele8ation 15 in place and day-ttrday responsibility for the provision of the services rest with the
Chief Executive supported by the Care Manager and Finance Officer.
The Chief Executive Is fesponsible for ensuring that BradnÈt dèlivers the servites ihat have been commissioned
or funded and that key perf0rrnan￿ indicators are met.
Our bankers.. Lloyds Bank. Bradford City Office 45, Hustlergate, Bradford, 8DI INT
Our accouniants- Torevell Oent Ltd, 1-3 St Ann's Placè. Pdlon Lane. Halifax. HXI SRB.
Bradnevs Vision Alms and Mlsslon
Bradnevs vision is that society should be truty indUsp￿ with disabled people being trèated as equal cTrtizens.
Bfadnevs Mis￿on is: ryo promote equalltyand Inclw5ion w•th dis•bld peopk".
BradneY5 aim is.. empower all dlsabled people to hwe chol¢e and control o¥er theSr Il¥es and achleve real
Independen￿ and quality of life".
Bradneys values are that 8radnet 15 comrnitted to make a positive diffÈrence io all the people we work for and
with.
To promote and achieve our rnissi¢)n we will continue lo=
En8a8e with all Bradnet people to design and deliver petsonalised Quality services.
Enable 8radnet people to maintain di8nity. independence, exchanging respect and buildin8 trust.
Empower all Bradnet people to hJ¥e informed ¢hoi¢e and ¢ontrol overtheir lives within their
communities.
Enrith all Bradnet peoplÈs' life experrences. encouraging access to nèw opportunities.

BRADNET
TRUSTEE REPORT
FOR THE YEAR ENDED 31 MARCH 2021
sob
cttves and A(rf¥1￿5
Bradnet will involve disabled people in the plannin8 and delivery of Bfadnevs services and projects
Bradnet will champion the right of every disabled person to challenge discriminatory or oppressive practice
from a lights￿ased approach
8radnet will use the knowledge gained from its direct work with disabled people to campai8n for equaSitv
and inclusion of disableil people at all levels
Bradnet will support. inform and advfKate fi)r every disabled pèrson and eTrhan￿ hrs/her capacity to be
independent. have improved life chances. reduce isdation and raise aspirations.
4. Achie
ments an
rfom)an
The past year ha5 been anolher thallenging one but as with all areas of life currently. the pandemic has had a
major irnpact on delivery and ambilions for growth. Like many organisations with modest re50urce5. the overall
aim has beeft to continue to suThive and have enough capacity at the other end of the prevailine health cri51S to
regenerate and grow. The social care arena is under greai strain naiionally due to diffitulties ol re¢ruitment and
retention. and locally we are continuing to experien￿ obstacles to recruitmeni due to people having taken up
other employment. not bein8 interested in a care career or a pool of lifflited talent with all tompetitors tryin8 to
recruit at the same time.
The pandemic has meant that there has been slow progress in thè toniinuing quest to align resources and
support following the merger with Inspired Neighbourhoods Community Trust IINCTI in 2018.. much of this has
been completed but the IN￿ continues to evolve successfvlly and so the operational and functional aspecls of
each entity within the group is e¥ofving organically. Thefe has been a slower turno¥er of staff compared with last
vear and therefore the drive to improve quality and control is gradualty resultin8 in a core team that has
continued to show loyalty and commiiment. Such commitment and dedication wa5 very evident during the
height of the p3ndÈmic when staff continued to attènd care sessions despite the clear risk of infection.
In term5 of an improved service user experience. feedback has indicated general satisfaction with the quality of
service received. with consiructive comments taken forward for improvin8 communication and devèlopment.
Equally, the PAS have expressed satisfaction with the fact that they have found the Registered Manager
approachable and supportive and. whilst the demand for more work is hard to fulfil with limited 8iOWth, the PAS
have continued to demonstrate ¢ommilment and dedication. Obviously many of the ambitions of last year for
improving seNice user and staff engagemeni as well as the increased profile of 8radnet's work have suffered a
setback due to the pandemic- it was hoped that pro8ress would be made to connect with local organisatir*ns and
stakeholdefs to develop partnerships for referrals for care and support. but this has been difficult against the
background of many organisations being short-staffed and being unable to pro8re5s initiatives due to fundin8 or
¢apacity. Thu5, disappointingty there has been little overall growth. rather there has been a concentration on
consolidation and protettion.
However, it is hoped that in the next year the external environment will irnprove and BradThel will achieve
modest 8rowth. Nevertheless, despite the challenges presented by the pandemic. Bradnet ha5 hèd various
exploratory discussions with potential partners which have either ended or are Still ongoing.

TRUSTEE REPORT
FOR THE YEAR ENDED 31 MARCH 2021
Achknments
Rtinued
With the aim of diversifwng income Jnd bringlng additionality to our services we lodged and succeeded in a
tender to deliver a daytime activitie5 service. This has had a very slow stsrt. firstty due to the lockdown
restriction5 not bein8 femoved until laie July and. secondly, internal capacity had to be redirected to 5UPPOrt
Bradnet following the departure of the Registered Manager. Wrth the appointment of a new Regt5tered
Manager it És hoped to redouble Ouf efforts to develop and deliver this servKe. It will need a detailed schedule of
adivity including outreach and engagement with Social Workers and other agencies and devising and delivering
a variety of activities which are accessible and rewarding for different types of seryice users. It is a 10-year
programrne 50 It ha5 great potential for innovative activities and steady income.
A lot of hard work has gone into gettin8 control of Bradnet's finances.. previously with a high turnover of staff
and frequent ¢hanges it was difficult io gain an understanding of income and expetiditure. now a root and
branch review of contracts and commitrnents ha5 resulted in a ¥ery'lean, mean and keen. finance function and
operational delivery. There 15 Still much to do in ensuring a solid foundation for growth but the key factor is that
there are now no unknowns re8ardin8 Bradnet'5 finantes.
The overall consolidation of commitments has resulted in a modest surplus compared with a defiat of £7,000 in
the previou5 yeaf.. with careful monitoring and regulating of all ovtgoing expenditure and constantly attempting
io increase revenue by the whole Bradnet tearn we seem to be in a much better position than we were just 18
months ago.
The following are just some brief points t¢ hi8hli8ht the improvernents in our finan¢es=
We started the new financial year with only a small deficit of just over £SLKI, though even this can be
seen as positive. considering we were paying off historic HMRC debt and our DWP grant was still
pendin8
In the following months. except for May deficit of £2.269. the finances have been steadily improving.
The May deficit was due to the historic HMRC debi and Bradnet returning £2,500 to INcr
3. June. Juty and August have been very promising.. we have been steadity increasing our Surplus, although
August surplus. which is showing as £15.763 has a taveat as in this month it hai bèen boosted due to
Bradnet receiwng all our backdated payments from DWP
In July wè patd our last instalment to HMRC toward5 Outstanding PAYE dèbt acuued durin8 the financial
vear 2019-20. We are n¢)w total￿ debt-free
Throughout the year we have lod8ed Various funding bid5 to fund some of our actNities,' none of these
have been successful bui it shows the difficult climate for grants due to the great demand.
In conclusion, as always Bradnei represents a major opportunity to devek)p something great within the health
and social care arena that is local and user4ed.. however. as always. we need lunding and good staff. Thè
difftculty of securing grant fvnding thi5 ytar dèsprte several funding bid5 illustratès the challen6in8 external
environment. and the ongoing search for quality personnel shows the under-funded state of the health and
social tarè field in artfactln8 80(Kf people with the rrght level of reward. HowÈver. with the merger with INCT we
all remain confident of the future.
I would Itke to end by thankin8 all ihe staff for therr hard work over the year. and my fellow Irustees for their
valuable time and commitment.

BRADNET
TRUSTEE REPORT
FOR THE YEAR ENDED 31 MARCH 2021
Fundraisin
Durin8 this year we have received a new grant from the Power to Chan8e Trust to enable Bradnet to purchase
the former Bradford Registry Office and for business d￿elopment.
We also received a grant from National Lotteries Awards For All to undertake primary research into the needs of
disabled peoplè for an Outreach service so thal we can develop thi5 servTrte in response to current need5.
It is clear that the grant-making environment Continues to be very difficult. as many applications to trusts have
been un5Utcessful. We continue to look for fvndraisin8 QPPOrtunities so that capital works can be carried out at
Guardian House.
Related Partles
Bradnet remains committed as alway5 to work in partnership with local statutory and voluntary agencies, as this
avoids duplicaiion and maximises valuè for money for funders and the Commun￿ at large.
We seek partnership other agencies in Bradford to provide added value Services to our service users and
bring much needed inward investment io Bradnet.
7. Risk Mana
ement
The Board continues to manage risks on regular basis to protect the or8anisation and Servi￿ users. Due to a
decreased service user base our income has 518nificantly decreased. We havè to improve our operational
business io generate in¢ome to be more 5UStsinable in longer tem.
The Trustees continuè to exer£isÈ robust controls to remedy operational challenges by adoptin8 robust
approaches to implement tighter financial controls. business planninE Iwhbch will incorporaie a SWOT analy51S
nd ¥isk managernentl. implemeniing a Fundraising 5trateey and applying for further funding. succession
plannin& use of expert advice and the implementation of more rigorou5 recruitment and selection procedure5
IOT recTUltin8 Staff with the appwopriate skills Sets.. the intrcrflu¢tion of further 5tatt benefits to retain staff.
Reser4es Poll
The Trustee5 have examined the companWs requirements for reseryes in light of the main risks to the company.
Investment Poll
In current financial climate Bradnet will not be 5eekin8 any additional investment. It need5 to focu5 On realising
Guardian House as an asset that is income generating. To achieve thi5. we have engaged various experts to
obtain investment advice. This will be reviewed by the Tru5tee5 before any commitment is made so that the rlsk
to Bfadnet as an organisation is reduced.

BRADNET
TR
STEE REPORT
FOR THE YEAR ENDED 31 MARCH
21
rectors
10.1 Responsibilities of the Dirertors
Company law requires the directors to preparè financial statements for each financial year which give a true and
fair view of the state of the affairs of thè tompany as at the balance sheet date and of its incoming re50urre5 and
application of resources. including income and expenditure, for the financial year. In preparing those financial
statements, the Directors should follow best practice and..
al SelÈrt Suitab￿ attounting policies and then apply them con5t5tently-
bl Make jud8emenis and estimate5 that are reasonable and prudent-
cl Prepare the financial statements on a going con￿rn basis unless it 15 inappropriaie to assume that the
company will continue on that basis.
The Directors are re5pon5ible for maintsining proper actounting records which dtsdose with reasonable
accuracy at any time Bradnet's financial position. and to enable them to ensure that the financial statements
comply with the Companies Act 21￿. The Director5 are also responsible for safeguarding the a55ets of the
company and, hence, for taking reasonable steps for the prÈvèntion and detection of fraud and othèr
irregularities.
10.2 Certlllcatlon by the Mernbers of the Board of Directors
Members of the Board of Dirèrtors, who are Direttors for the purpose of company law and trustees for thè
purposes of charity law. who served during the year arld up to the date of this report are set out on page l of
this Annual Report.
In accordance with company law. as the compan(s Dirertors, we certtfy that-.
I So far as we are aware there is no relevant inforfflation of which the company's at¢ountants are unaware; and
bl As the Directors ofthe company we have tsken all the steps that we ought to have taken in order to make
our5el¥es aware of any relevani information and to establish thai the compan(5 ac¢ountants are aware of that
information.
10.3 Accounting Prindples and Authorisatlon
The Financial Statements have been prepared in accordance wrth the Statement of Rewmmended Practice:
Accounting and Reporting by Charities (issued March 2005 by the Charities Commission) and In accordance with
the special provisions of Part 15 of the Companies Act 2C()6 relating to small entities. and Bradnefs governing
documents.
Approve
directors on 15 December 2021 and signed on its behalf undèr dèlegated authority by=
Abi
ashir
Chairperson

BRADNET
STATEMENT OF TRusfEES' RESPONSIBIUTIES
FOR THE YEAR ENDED 31 MARCH 2021
The trustees are responsible for preparing the Annual Rèport and the financial statements in accordante with
applicable law and United Kingdom Generally A(￿pted Accountin8 Pr•rtice.
The trustees are required bycompany law to prepare financial statements for each financial yearwhich 8i¥e a true
and fairviewof the financial activitiesof the charity and of itsfinancial position atthe end of that yèar. In preparing
those financial statements the trustees are required to=
al Select suitable accounting policies and appty them consi5tentlv
bl Make adjustments and estimates that are reasonable and prudent
cl State whether the policie5 adopted are in accordance with the Companies Act 2￿6 and with applicable
accounting standards and statements of recommended pr3cti¢e. subject io any material departures
disclosed and explained in the financial ststements
dl Prepare the financial ststements on a 8oin8 concern basi5 unless it is inappropriate to assume that the
charity will ¢oniinue in operation
The trustees are responsible for keeping proper accounting records which disdose with reasonable accuracy at
any lime the financial position of the charity and enable them to ensure that the financial statements cornply with
the Companies Act 2th)6. They are also responsible for safe8uardin8 the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.

INDEPENDENT EXAMINERS REPORT TO ThE TR
ES OF BRADNET
FOR THE YEAR ENDED 31 MAR
H 2021
I report to the charity trustees on my examination of the a¢¢ounts of the Company for the year ended 31 March
2021.
Re5ponslbllltles and bas15 of report
A5 the chariVs trustees of the Company land also its dirertors for the purpose of company lawl you are
responsible for the preparation of the accounts in accordantt with the requirements of the Companies Act 2006
I'ihe 2(￿6 Acrfl.
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the
2006 Act and are Èligible for independent examination. I report in rèspect of my examination of your charltvs
atCOLFnts as carried out under section 145 of the Charities Art 20111.the 2011 Acfl. In carrying out my
examination I have followed the Dtre¢iions given by the Charity Commission under section 1451$) Ibl of the 2011
Act.
Independent examlnees Statement
l ¢onfirm thai i am qualified to undertake ihe examination because l am member ofACCA. which Is one of the
listed bodies.
have completed my examination. I confirm that no rnaiters have come to my attention in connection with the
examination giving me cause to believe:
Actounting records were not kepi in respect of ihe Company as requlred by sècti¢)n 386 of the 2C
The accounts do not accord with those records,. or
The accounts do not comply with the actounting requirements of 5ÈCtion 396 of the 2¢X)6 Act other
than any requirement that the accounts give a'irue and fair view whkh is not a rnattèr Considerèd as
part of an independent examinaiion- or
The accounts have not been prepared in accordance with the methods and principles of the Statement
of Recommended Practice for accounting and reportin8 by charities lapplicable to charitie5 preparin8
their atcounis in acc¢Ydan¢e with the Financial Reportin8 Siandard applicable in the IJK and Republic of
Ireland IFR5 1021.
I have no concerns and have come across no other matlers in connection with the examinaiion to which
attention should be drawn in thi5 report in order to enable a proper understanding of the accounts to be
reached.
mantha. J. Sutclrffe FCCA
Torevell Dent Limited
Chartered Certified Accountants
1- 3 St Ann's Plate
Pellon Lane
Halifax
HXI 5RB
Date IS December 2021

BRADNET
STATEMENT OF FINANCIAL AcnvmES INCLUDING INCOME AND EXPENDtTURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2021
Unre51rKled
Funds
Restrkt*d
Funds
Total
2021
Total
2020
Note5
Incorne and endowments from:
Donations and legacies
Charitable activities
Other income
344.342
8.383
344.342
8,383
457,909
11,486
Total Income and endowments
352.726
352.726
469395
eftdftufe on:
Charitable activitie5
392.973
392,973
557.277
Total resources expended
392,973
392,973
557.277
Net lexpendilurelllncorne for th• year
{40,247)
140,2471
{87W31
Transfer bÈtween fvnds
FLFnd balance brought forward
152.589
152.589
240,472
Fund balances ¢arrfed frywafd
15
112342
112.34Z
152,589
All Income and eMpendSture derlwd from contJnulng artlvllie5. The ¢harityhas no reco8ni5edyin5 or losses
for the year otherlhan the re5utts above.
The tM)tes on pays 11- 17 form an Inle8ral part ofthese fffian¢lal statemen

BRADNET
BALANCE SHEET
AS AT 31 MARCH 2021
20
2020
Fixed assets
Tangible asseis
Investments
io
34,650
385.008
34.651
385.009
Current ass
Debtors
Cash at bank and in hand
li
5.841
6,324
14.146
837
12.165
14,983
Creditors: amounts fallln
Due within one year
12
11.6741
197.628)
Net current Iliabilitie51 assets
110,4911
182.6451
Total a55ets léss current
Llabllltles
45,142
302.364
Credltors: amounts falllni
Due after more than one year
13
67,2(X)
1149,7751
Nèt assets
112342
152.$89
Income fvnds
Gèneral unfestricted funds
Restrirted funds
112.342
152,589
Total lunds
Iiia42
152.$89
For the financial year in question the company wa5 entitled to eXeMpt￿n under section 477 of the
Companies Act 2006 relaling to small companies. No members have required the company to obtain
an audit for the year in question in accordance with sertion 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Act with
respect to accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject
to the small cornpanies, regime.
Th
flnanci
tatemen
ere approved by the l)oard of directors and authori5ed for issue on 15
21a
are signed on its behalf by..
em
Tru
Company Registration No. 05572861
ee
The notes on pazes 11- 17 form an Inte8ral part of these financial stalements

BRADNET
STATEMENT OF CASHFIOW
AS AT 31 MARCH 2021
Funds
Funds
Cash Ilows ffoffl operatky acll¥ities:
Pletcosh providedty (usedin) opero¢thg qthryties osbelow
116.0951
1273281
Cash flowsfrom in¥estln8 a¢ti¥itles:
Purchase of property. plant and eouipment
Proceeds from Sale of property. plant and eouiprnent
296.249
et ¢ash prowmed bylu5ed Inl Irt¥esli￿ arth
Z%.249
Cash fiowsfrom financing artiwtie5:
epayments of borr¢)wing
Cash inflows from new boriwng
1227.8261
133.5871
64.IC¥J
Nettoshprovrdedby {used inlfiMncin9 artivitie5
{227J26}
30.513
Chongein eojh ondcosh eq¥lvolents in the rewrdngperA
3.185
Cash and cash equN6lents at the be8innin8 of the rewrtlll8
Period
146,CrfMI
149.18BI
Cash •nd ush equl¥alents •t the end •f the reportini perlod
6324
I46￿04)
Recon¢illation of net incomel (expenditure) to net cash Ilow
From operatlnt artlvtties:
Net inCome/lexpeAdi￿rejfv the reptrrtirtg Neiiodlos the
Stotefflentoffvwnciolacrfvltksj
1403471
187J831
Adjustmentsfor:
Depreciation char8es
L05s on sale of fixed assets
Increasel Idecreasel in debtors
Decrease/ lincreasel in creditors
Decrea5e/ Increase ifi deferred Incorne
6.260
47.849
8.304
138.261)
14.987
1,525
23,263
20.780
Plet cash provlded by (used Inl ¢werakngathitses
116.0951
127.3281
The notts pay$ 11- 17 forn1 ￿ integral part ofthes* fmantial ststements
io

BRADNEr
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 IWARCH 2021
Accountlng polkles
Conwany Informa￿0￿
Bradnet is a private company limited by guarantee incorporated in England and Wales. The re8iStered
is Guardian House. 22 Manor R¢)w. Bradford. BDI 4QU.
Accounting conventloTr
ThEse accounts have been prepared in accordance with FRS 102 The Financial Reportin8 Standard
applitable in thÈ UK and Republic of Ireland" I-FRS 102.1. -Accounting and Reportine by Charities~ the
Staternent of Recommended Prattice fof charities applying FRS 102. Ihe Companie5 A(t 2006 and UK
Generally Accepted Accountin8 Practice a5 It applie5 from l January 2015.
The accounts are prepared in sterlin8. which is the fvnctional currency of the ¢ompany. Monetary
amounts in these financial staternenis are rounded to the nearest £.
The accounts have been prepared on the histor￿31 cost ffjnventh)n. The principle accounting policies
adopted are set out below.
GOI￿ ¢ont*n
following the Care Quality CL)mmission's last ￿vIeW ICQCI fvture funding is celarive1y rnore predictable.
even in the presence of wholesale cuts and rnarket pressures. Moreover, 8ratlford Council still retains
confidence in commissi¢)nin8 Bradnetto deliver care. and other funders such as 818 Lottery arecontinuing
io make grants for capital and revenue projects. Thus. thetrustee5 coniinue to adopt the goÉn8 concern
basis in preparinR the accounts and ar the time of approving the accounts.
As an or8anisat¢on we need to start lo explore options forsustainability including associated Health and
Social Care work.
13
Charltable funds
Vnrestritted funds are aVaila￿e for use at ihe discretion of the trustees in furtheranceof their charitable
objectives vnless the funds have be￿ designated for other purpose5.
Restricted funds are those donated for use in a particular area or are for specific purposes. the use of
which is restricted to that area or purpose.
IA
Incorne
Income 15 recogni5ed when the charity is te8allyentitled to r( afterany perfomancecondilions have been
met. Ihe amounts can be rneasured feliably. and it is probable that irKornE will be retei¥ed.
Cash donation5 are re¢o8nised on receipt. Other donations are recognised once the charity has bee
notified of the dohaiion, unless performance conditions require deferral of the amount. Income tax
recoverable in relation to tklnations under Gift Aid or deeds of covenant is recogni5ed at the
tirne of the donation.
Turnover is measured ai the fair value of the cons¢deration received or receivable and represents
amounts receivable for goods and service5 provided in the normal course of busine55, net of discounts.
VAT antl other sales rd*ed taxes.
Resources expended
Resources expended are reco8ni*d in the perth in which they are incurred. Resource5 expended are
allocated to the particular activity where the cost relate5 directly to that activity. Overhead expendifure
has been aliocaied between the c05t centres of Re50urce5 Expended in accordance with the usage of the
ssets.
li

BIIADNEr
rioTES TO ThE FINANCIAI STATEMEfiTS
FOR THE YEAR ENDED 31 MARCH 2021
Accounting polld¢s lcontsnyedl
Tangible fixed assets
Tangible fixed assets are initially measured ai cost and subsequently measured at Cost or val￿atiOn, net
of depreeiation and any irnpairrnent losses.
Depfeciaiion 15 recoenised so as to write off the cost or ¥auatioD of as5et5 le5S their residual values over
their useful INes on the followng bases-.
Land and buildin8$
Fixtures. fittings & equipment
2% strai8ht line
25% reducing balance
The gain and loss arising on the disposal of an asset is determined as ihe difference between the Sale
proceeds and the tarrying Value of the asset and is recoenised as r￿t incomellexpenditurel forthe year.
lrnpairfflent of fixed assets
At each reporting end éate. thetharity rewews thecarrying amounts of irs tangible and intangible assets
to determine whether there is any indication ihat those assers have suffered an irnpairment105s. 11 any
such indication exists. the recoveraWe amount of the asset is estimated in orderto determine the extent
of the impairrnent loss lif anyl.
Recoverable amount is the hiKherof fairvalue less costs to Sell and value in use. In assessine value in use,
the estimated future cash flows are discounteil to their present value using a pre-tax discount rate that
reflect5 current rnark￿ as5e55rnents of the time value of money and the risks specific to the asset for
which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an assei is estimaied to be le55 than its carrying amount. the carrying
amount of the asset is reduced to its recoverable amount. An impairrnent10ss is recogniseLI immediately
in incomelexpenditure forthe year. unless the relevant asset is carried at a valued amount. in which case
the impairrnent1055 15 treated as a revaluation decrease.
Recognised irnpairment losw are reversed rf. and onty if. the reason5 for the impairment ths have
ceased to apply. Where an impairment loss subsequently reverse5. the carrying amount of the asset is
increased to the revised estimate of its recoverable amount. but so ihat the increased carrying amount
does not exceed the carrying amount that would have been determined had no impairment loss been
recognised forthe asset in prioryears. A reversal of an impairment10ss is recognised immediately. unless
the relevant asset is carried in at a revalued amounL in which case the reversal of the impairment loss is
treated a5 a fthfaluation increase.
Cash and cash eguivalefvts
Cash and cash equivalents indude cash in hand. deposits held with bank5. Other short-term liquid
invesiments (with ofiginal maturities of three months or less) and bank overdraft5 are shown within
borrowings in currertt liabilitie5.
F￿anCIal instruments
The trust onty has f¢nancial assets and financial lialilmes of a ksnd that qualify as basic finantial
instruments. Basic financial instruments are initially reco8ntsed * transaction value and svbsequentlv
rrieaSU￿ at their settlement value wTrih the exceffjion of bank ￿a￿S which are subsequently rneasured
at amortised cost using the effective interest method.
12

8RADNEr
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
Accounting policies Icontinuedl
i.io
Employee beneffts
The cost of any unused holiday entitlement is recognised in the period sn which the employee's services
are received.
Terrnination benefits are recognised irnrnediatety as an expense when the company is dernonstrablv
committed to terminate the employrnent of an ernployee or to provide terrnination benefits.
1,11
Pen$40ns
The charity operates a defined contribution PenS￿n scheme. Contribution5 ore thar8ed ifi the
Staternent of Financial Attiviiies as they becorne payable in accordance wr(h the rules of the scheme.
Donatlons and le¥acles
2021
2020
Grants receNable
Charitable arti¥ilies. Inc¢Kne
2021
. 2010
Sales within charitable attiviiies.
344.342
457.909
Other income
2021
2020
Other income
8.383
11,486
8.383
11.486
Totsi Intome-Analy515 by Fund
2021
2020
Vnre5tricted funds.
Restricted
352,276
469,395
352.726
469.395
13

BRADNEr
NOTES TO THE FINANCIAL STATEMENfs
FOR THE YEAR ENDED 31 MARCH 2021
Charitable actlvttles
2020
Staff cost5 (See note 71
Depreciation and impairment
L05s on Sale of ass*s
259.403
6,260
47.849
399.692
14,987
l.S25
313.512
416.204
Share of support costs Isee note 91
Share of governance costs Isee note 91
79.461
141.073
392.973
557.277
Anafysty of total expenditure byfvnd
Unre5tritteé funds
Re51ricted funds
392.973
557.277
391973
557277
14

BRADNET
NOTES TO THE FINANCIAI STATEMENT
FOR THE YEAR ENDED 31 MARCH 2021
Staff iosts
Staff costs during the year were=
Total
2021
Totsl
2020
Wa8es and salarie5
Social security costs
Other pension costs
226.874
29.138
3.391
356.959
38.674
4.059
259.*103
399.692
The average nurnber of persons (Intl￿ling sefiiof management team) employed during the year based
on actual numbers was as follows=
2021
2020
Charitable Ac1i¥itie5
Interna1 staff
59
io
59
io
69
Trustees expenses
No expenses We￿ relmbu￿ed to trustees durin8 the year.12020- Nill.
Support tosts
Suprn Go¥ernan¢e
Costs
Costs
2021
Total
2020
Totsl
Bas15 of allocatio
Premlses costs
Office cosis
Staff ￿lated costs
Finance costs
Marketing
Accountanry services
Consultancy
Legal and professional
Sundry expense5
11.975
15.908
360
9.814
11.975
15.908
34,754 Al￿atiOn on time
44,828 Al￿tatiOn on time
7.019 Allocation on time
5,087 Allocation on time
828 Allocation on time
13.489 Allocation on time
19.4CQ Allocation on time
11.456 Allocation on time
4.212 Allocation on time
9A14
299
1.732
435
35.307
3.631
1.732
435
35.307
3,631
79.461
79.461
141.073
15

BRADN
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
io
Tanglble fixed assets
Land and
euldin
Flxturts
in15 &
Equipment
Total
At l April 2020
Additions
Oisp05315
468.tsi
89.944
558.(￿5
1366.0621
1366.0621
At 31 March 2021
102.059
89.944
192.CQ3
Depredatlon and ImpairffleThts
At l April 2020
Depreciation charged for the year
Depreciation Elim on Disposals
99.991
2.041
121,9641
73.066
4,219
173.057
6.260
121.9641
At 31 March 2021
77.285
157.353
Cartyn¢ amount
At 31 March 2021
21.991
12.659
34,650
At 31 March 2020
368.130
16.878
385.(￿8
The disposal within land and I￿11￿1￿85 refers to the sale ol Gvardian House which. as ￿llected in the
rinancial records. was sold during the year ended 31 March 2021. Due to a delay in the submission of
documerntation by the soliciior. thi5 transfer is not noted at ihe Land Registry until the financial year
ending 31 March 2022.
11 Debto
2021
2020
Trade debtors
Amounts due from 5ub5idiary undertaki
Taxation
8.303
5.843
5,841
5.841
14,146
16

BRADN
NOTES TO THE FINANCIAL STATEMEwrs
FOR THE YEAR ENDED 31 MARCH 2021
12 Cr•ditor$: Amounts fall1￿ due withln one yeaf
2021
2020
Setured bank loans & overdrafts
oiher taxation and social security
Trade creditor5
Accruals and deferred income
57.693
20.713
15,382
3.840
270
1.404
1,674
97.628
13 Credltors: arnounts falllntdue alter rn0￿ than one year
2011
2020
Loans
{67.2rAIl
149.775
14 Loans and overdrafts
2021
2010
INCIC loan
167.21y)I
207.468
Payable within one year
Payable after one year
57,693
149.775
167.2001
17