Charlty Reglstratlon No. 1111920 Company Reglstratlon No. 05572861 (England and Wales) BRADNET ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 BRADNET AND ADMINI TRATIVE I MAR Trustees Kurshid Saddique- Resigned 10 May 2023 Ibrar Hussaln- Re51gned 24 May 2023 Jamal Ahmad - Appointed 15 May 2023 Tahirah Ahmed - Appointed 15 May 2023 Safina Kouser- Appointed 15 May 2023 Charlty number 1111920 Company number 05572861 Prlnciple address Wrl8ht Wat50n Enterpr15e Centre Thorp Garth Bradford BDIO 9LD Registered office Guardlan House 22 Manor Row Bradford BDI 4QU Accountants Torevell Dent Ltd 1- 3 St Ann's place Pellon Lane Hallfax HXI 5RB BRADNET CONTENTS NDE Pale Trustees. Report Trustee Responsibllitles Independent Exarniners Report Statement of Financlal Actlvltles Balance Sheet Statement of Cash Flow io Notes to the Flnanclal Statements 11-17 BRADNET Gov rn Bradnet Is a company Ilrnlted by 8uarantee Incorporated on 23 Septernber 2005 with company number 05572861. The company was establlshed under a Memorandum and Articles of Assoclatlon which fomi Bradnet's"governing documents". Bradnet Is also a charty registered on 14th November 2QM)5 wlth charlty number 1111920. Accordlngly, the Board of Dlrectors of the company are also its trustees for the purpose of charlty law; however, throughout this report they are collectlvely referred to as 'Directors" The Dlrectors: Nome: K 5addlque l Hussain J Ahmad T Ahmed S Kouser Start Date: 2610912018 3110112019 15105/2023 1510512023 15/0512023 Resl8ned: 1010512023 2410512023 Bradnet's Board of Dlrectors Is responsible for the strategic dlrector and sound overall management of 8radnet. The Board of Directors has members frorn a variety of profe551onal backgrounds and experlence of disability relevant to Bradnet'5 ethos and work. The Directors meet about every 6 to 8 weeks to dlscuss and decide upon strate8ic and business matters. A scheme of delegatlon Is in place and day-to-day re5ponsibllity for the provision of the servlce5 rest wlth the Chief Executlve supported by the Care Mana8er and Flnance Offlcer. The Chlef Executlve Is respon51ble for en5urin8 that Bradnet dellvers the servlces Ihat have been commlssloned or funded and that key performance indI￿torS are met. Our bankers: Uoyds Bank, Bradford City Office 45. Hustlergate. Bradford, BDI INT Our accountants: Torevell Dent Ltd, 1-3 St Ann's Place, Pellon Lane, Hallfax, HXI 5RB. BRADNET POR Bradnet's vlslon Is that: "Society should be truty inclusive with disabled people being treated as equal cltlzens." Bradnet's misslon Is: "To promote equality and Inclusion with disabled people.. Bradnet's alm Is: 'To empower all dlsabled people to have cholce and control over their lives and achieve real independence and quality of life.. Bradnet'5 values are that we are commltted to make a posltlve dlfference to all the people we work for and wlth. To promote and achleve our mlsslon wewill continue to: Engage wlth all Bradnet people to deslgn and dellver per50na115ed quallty services Enable Bradnet people to maintaln dignity, Independence. exchangSng respect and bulldln8 trust Empower all Bradnet people to have Informed cholce and cr)ntrol over thelr Ilves wlthln thelr communities Enrlol of lirniled talent with competltors trylng to recruit at the same time. A poor hourly rate has the overall effect of organisations being unable to Invest In strengthening infrastructure or incentivising people to Joln the workforce. Notwithstandlng the above challenges. Bradnet has continued to consolidate its operations and servlce offer. Whilst there has been only modest 8rowth in term5 ofan increase in care hours under the Supported Living Framework, Bradnet remalns well-placed to take up more hours and diversify its services. BRADNET Bradnet has demonstrated excellent resilience in the face of internal challenges and external cornpetition, and the seprfice has enjoyed continued lrnprovement due to the dedication and commitment of all staff. There has been a low tumover of staff compared wlth the prevlous year- thi5 has resulted in Bradnet having a consistent core team which has greatly helped In thls endeavour due to continuity and control. Some of the difficulties In recrultment have been overcome by enlisting overseas workers: whilst this has its own challenges, It nevertheless provlde5 an opportunity to ensure contlnulty of dellvery and moulding the workers to the Bradnet way of worklng. Furthermore, soclal workers and health professlonals contlnue to trust Bradnet to provide care and support to seNlce users, and commissioners continue to show confldence In the organi5ation by awarding commissions and contracts such as the Supported Llvlng Framework. WSth regard to an Improved servlce user experlence, feedback has Indicated general satlsfactlon with the quallty of service recefved, wlth constructlve comments taken forward for better communication. Bradnet, wlth 8uldance and support from soclal workers, has carrled out a lot of V￿rk In tallorlng care and 5UPPQrt to Indfvldual needs where the care requlrements are very complex: for example JA has a learnin8d15ability as well as mental health challenges, and frequently leaves his home to cjlsappear for many day5 and he is unèble to care for himself,, Bradnet has put in a great deal of work in putting in place varlous measures and protocols to ensure hls safety and welfare. Slmilarly with service user AH who has a profound learnlng di5abillty and other health issue5, Bradnet has {agaln wlth 5UPPOrt from è multl-d15cipllnary tearn of 51xlal workers and other profe551oTra15) put In place varlous protocols to ensure AH'S safety, health and Independence. Equally, the PA'S have expressed satlsfaction wlth the fact that they have found the Reglstered Manager an office team approachable and supportive and, whilst the demand for more work Is hard to fulfil wlth Ilmlted 8rowth, the PA'5 have contlnued to demonstrate comrnitment and dedlcatlon. Some of the alms of last year for Improvlng servlce user and staff engaBernent. as well as Increaslng Bradnet's proflle have been progressed. Some progress ha5 been rnade to connect wlth local or8anlsatlons and 5takeholder5 to develop partnership for referrals for care and support. as well as promotlng the volce of dlsabled people; in thls regard, Bradnet ha5 worked wlth Equallty Together In advanclng the Co-Productlon Partnership with the alm of ensurlng dlsabled peoples volce5 are heard and taken Into account when designln8 services and initiatlve5. In order to dlverslfy Income and brfng addltionality to its serrflce offer, Bradnet lodged a tender for dellverln8 daytlme actlvltles servlce. This will be developed and enhanced once it is fully transferred to Bradnet frorn New Cholces (Bradford Distrirt) Ltd. Wlth the appointment of new Re8iStered Mana8er5 thi5 year, it is hoped to redouble our effort5 to develop and deliver seNice5. It will need a detailed schedule of artlvity Including outreach and en8agement wtth soclal workers and other a8encies, and devi5in8 and delNerin8 a variety of activities which are acce55ible and rewardin8 for different groups of service users. A blg drive in the coming year will be to improve our digltal infrastructure to embrace new way5 of dolng thin8S that are increasin8ly required by commissioners and funders. A lot of hard work ha5 continued to 80 Into malntalnlng control of Bradnet's finance5: prevlously wlth a hlgh turnover of stsff and frequent chan8e5 it was difficult to 8aln an understanding of Income and expendlture,. now 3 root and branch review of contracts and commitments has resulted In a very capable finance functlon and operational delSvery. There Is still much to do in ensuring a solid foundatlon for growth, but the key factor Is that there are now no unknowns regarding Bradnet's finances, The overall con5011datlon of commitments ha5 resulted In a modest surplus compared with a deficlt In the prevlous year.. with careful monitoring and re8ulatin8 of all out8olng expenditure and constantly attempting to increase revenue bythe whole Bradnet team we seem to be in a much better position than we werejust 18 months a80. The following are just some brlef point5 to hlghllght the improvement in our finances: BRADNE TRUSTEE REPORT Bradnet has tumed the corner arKI is now growing financially wlth Income exceedlng Elm thls vear. 2. Throughout the year we have lodged varlous fundlng blds and tenders to fund sorne of our activitles and dl¥ersffy our servlces,, none of these have been successful but It shows the difficult climate for grants due to the great demand. In concluslon, as alway5 8iadnet represents a major opportunltyto develop something Breat wlthln the health and soclal care arena that Ss local and user-led,. however. as always, we need funding and good staff. The difficulty of securing grant fundlng this year despite several funding bids Illustrates the challenging external environment, and the ongolng search for quality personnel shows the under-funded state of the health and social care field in attracting good people with the ri8ht level of reward. However. with the merger with INcf we all remain confident of the future. I would Ilke to end by thanking all the staff for thelr hard work over the year, and my fellow trustees for thelr valuable tlme and commitment. DurlnB pandemlc Covld-19 we focussed on condurtlng our buslness through Adult and Soclal Care framework. We wlll refresh our fundralsing strategy In 2025. Bradnet remains cornmitted as always to work in partnershlp with local statutory and voluntary agencie5, as this avoids duplicat5on and maxlmlses value for money for funders and the community at large. We seek partnershlp wlth other a8encie5 in Bradford to provlde added value services to our 5ervlce u5er5 and brin8 much needed inward investment to Bradnet. The Board contlnues to manage rlsks on regular basis to protect the or8ani5atlon and servlce users. Due to a decreased service user base our Income ha5 51gnificantly decreased. We have to Improve our operatlonal bu51ne55 to generate Income to be rnore sustalnable In longer term. The Trustees contSnue to exerclse robust controls to remedy operatlonal challenges by adoptlng robust approache5 to Implement tlghter flnanclal controls, buslness planning (whlch wlll incorporate a SWOT analysls and rlsk rnanagement), Implementlng a Fundralslng Strategy and applying for further fundlng, succession plannln& use of expert advlce and the Implementation of more rlgorous recruitment and selectlon procedures lor recrultlng staff with the approprlate skllls sets: the Introduction of further staff benefits to retaln staff. BRADNET TRUSTEE REP The Trustees have examined the company's requirements for reserve5 ID Ilght of the main risks to the company. Re5ponslbllltles of the Dlrertors Company law requires the directors to prepare financlal statements for each financial year which give a true and falr vlew of the state of the affair5 of the company as at the balance sheet date and of its incomlng resources and application of resources, induding income and expendlture, for the financial year. In preparing those financial statements, the Director5 should follow best practlce and.. al Select sultable accounting policies and then apply them consistentlv,, bl Make judgement5 and estimates that are reasonable and prudent; cl Prepare the flnancS315tatements on a goin8 concern ba515 unles5 It Is Snapproprlate to assume that the company will continue on that basls. The Dlrectors are reSFK>n5ible for malntalnln8 proper accountlng records whlch dlsclose wlth reasonable accuracy at any time Bradnet's financial posltlon, and to enable them to ensure that the fSnancial statements comply wlth ihe Companies Act 2C(16. The Dlrectors are also responslble for safeguardlng the assets of the company and. hence, for taklng reasonable steps for the preventlon and detectlon of fraud and other Irregularltles. rerto Members of the Board of Dlrectors, who are Directors for the purFK)se of company law and trustees for the purposes of charlty law, who seNed durln8 the year and up to the date of this report are set out on page l of th15 Annual Report. In accordance with company law, as the companvs Olrectors, we certlfy that: al SO far as we are aware there is no relevant informatlon of whlch the company's accountant5 are unaware. and bl A5 the Dlrertors of the company we have taken all the 5tep5 that we ought to have taken In order to make ourselves aware ofany relevant Informatlon and to establlsh that the companvs accountants are aware of that informatlon. The Flnanclal Statements have been prepared In accordance wlth the Statement of Recommended Practlce: Accountlng and Reportlng by Charities lissued March 2005 by the Charities Commission) and in accordance wlth the speclal provlslons of Part 15 of the Companles Act 2006 relating to small entities. and 8radnet's governing documents. Approved by the dlrectors on 3110112025 and signed on its behalf under delegated authorlty by: Saflna Kouser BRADNET EMENT ' RESPON The trustee5 are responsible for preparing the Annual Report and the fSnanclal statements in accordance wlth applicable law and United Krngdorn GeneralFy Accepted Accountlng Prartlce. Thetrustees are required by companylaw to preparefinancial statements foreach flnanclal yearwhich gr4ea true and fairvlew of the financial activities of the charity and of its financial positlon atthe end of that year. In preparing those financial statements the tru5tee5 are required to.. al Select sutL3ble accountlng pollcles and apply them cons15tently b) Make adjustments and estlmates that are reasonable and prudent I State whether the pollcles adopted are In accordance wlth the Companles Act 2006 and with appllcable accountin8 Standards and statements of recommended practice, subjert to any materlal departures disclosed and explalned In the financial statements dl Prepare the financial Statements on a going concern bas15 unless Itls Inapproprlate to assume that the hartty wlll contlnue In operatlon The trustees are responslble for keeping proper accountin8 records whlch dlsclose with reasonable accurnry at any tlme the financial position of the charity and enable them to ensure that the financial statements comply wlth the Companies Act 2006. They are also responslble for 53fe8uardlng the a55ets of the charlty and hence for taklng reasonable steps for the preventlon and detectlon of fraud and other irregularitles. INDEPENDENT EXAMINERS REPORT TO THE TRUSTEE F BRADNET OR THE YEAR ENDED 31 MARCH 2024 I report to the charity trustee5 on my examinatlon of the accounts of the Company for the year ended 31 March 2024. R•sponsibilities and basls of report 5the charl￿5 twustees ofthe Company land also its directors for the purpose of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companles Act 2006 I'the 2(KJ6 Act,). Having satisfied myselfthat the accounts of the Company are not required to be audited under Part 16 of the 2LI]6 Act and are eligible for independent examination, I report in respect of my examlnatlon of your charltvs accounts as carried out under sectlon 145 of the Charltles Act 20111'the 2011 Act'l. In carrylng out my examination I have followed the Dlrectlons glven by the Charity Commission under section 145{5) {bl of the 2011 Act. Independent e￿MInerf$ statement I confirm that l am quallfled to undertake the examination because l am Thember ofACCA, whlch Is one of the Ilsted bodles. I have completed my examlnation. I confirm that no matters have come to my attention in connection with the examination glving me cause to believe: Accounting records were not kept In respert of the Company as requlred by sectlon 386 of the 2006 Act; or The accounts do not accord wlth those records; or The accounts do not comply with the accountlng requlrements of sectlon 396 of the 2006 Act other than any requirement that the account5 glve a 'true and fair view which Is not a matter consldered as part of an independent examination; or 4. The accounts have not been prepared in accordance with the methods and prlnclples of the Statement of Recommended Practice for accounting and reportin8 by charities lappllcable to charlties preparin8 thelr accounts in accordance wlth the Financial Reportln8 Standard applicable In the UK and Republlc of Ireland IFRS 1021. I have no concerns and have come across no other matters In connertlon with the examination to whlch attention should be drawn In this report in order to enable a proper under5tandln8 of the accounts to be fe3ched. Sarnantha. J. Sut¢llffe FCCA Torevell Dent Llmlted Chartered Certified Accountant5 1- 3 St Ann's Place Pellon Lane Hallfax HXI 5RB 31101r2025 Date ................ BRADNET TATEMENT OF FINANCIAL ACTIVITIES INCL FOR THE YEAR ARCH Z024 DIN PENDITURE ACCOUNT Unrestrictsd Funds Restrirted Funds Totsl 2024 Total 2023 Notes Charltable activlties Other income 1,135,176 1,135,176 1,164,368 9,707 Total incorne and endowments 1,135,176 1,135,176 1,174,075 fture on. Charitable activities 1,055.612 1.055,612 942,763 Tot41 resources expended 1,055,612 L055,612 942,763 N•t (expendlture)/ln¢om¢ lor the year 79￿64 79,$64 231,312 Transler between funds Fund balance brought forward 346,391 346,391 115,079 Fund balances earrled forwanl 425,955 425,955 346,391 An Income and expendlture derlved frorn contlnulni actlvltle& The charlty has no recognlsed Dlns or losses for the year other than the results above. The note5 on pages 11- 17 form an InteBral part of these finandal statements. BRADNET 2024 2023 Not•s Flxed a$5ets Tanglble as5etS Investments io 23,244 27.743 23,245 27,744 Current asset Debtors Cash at bank and In hand li 26,240 460,055 250,095 156,109 486,295 406,204 Credltors: amounts fallln8 Due wlthln one year 12 {23,5851 (27,5571 Net Current assetsllllabllltle5) 462,710 378,647 Total a55ets l•ss ¢urr•nt Llabllltles 485,955 406,391 Credltors: amounts falllng Due after more than one year 13 160,000) 160,CO)) Net assets 425,955 346.391 Income funds General unrestrlcted funds Restrlcted fund5 425,955 346,391 Total fund5 4Z5,955 346391 Forthe financlal year In questlon the company was entltled to exemptlon under section 477 ofthe Companies Act 2(X)6 relating to small cornpanles. No members have required the company to obtain an audtt of Its accounts for the year In questlon in accordance with section 476 of the Cornpanles Act 2006. The dlrector5 acknowledge their responslbility for complying with the requlrements of the Act wlth respect to accounting records and for the preparation of accounts. These accounts have been prepared In accordance wlth the provision5 applicable to ompanie5 Subject to the small companles, reglme. 3110112025 The financlal statement5 were approved bythe board of directors and authorised for i55ue on ..................... and are slgned on its behalf bv: Safina Kouser Company Reglstratlon No. 05572861 The note5 on page5 11- 17 form an integral part of these financial statements BRADNET TATEMENT OF SHFL 20Z4 2023 Funds Funds Cash flows from operntlng actlvltles: Net cosh provlded by fused In) operatlng octlvltles as below 303,946 139,231 Cash flows from Investlng actlvlties: Purchase ol propertyi plant and equipment Proceed5 from sale of property. plant and equlpment {8991 Net cash provlded by (used In) Inv•stlns actlvltles 18991 C•sh flows from flnanclrva actlvltles: Repayments of borrowlng Cash inflows from new borrowlng 143,930} Net cash provlded by (used InJfinon¢inq actlvhles 94,402 Chonqe In cosh and cash equlvalents In the reportinq perfod Cash and cash equivalents at the beglnning of the reportlng Period 156,109 61,707 Cash and cash equlvalents at the end of the reportln8 perlod 460,055 156,109 Reconclllatlon of nel Incomel (expendlturel to net cash flow From op•ratln8 actfvltks: Net Income/ fexpendlturejfvr the reportlnq perlod (as per the Statement offlnanclal actlvltlesj 79,564 231.311 Adjustments for: DeP￿CIatIon charges loss on Sale of fixed assets Ilncreasel/ decrease in debtors (Decreasell increase in creditors 4,499 5,319 223,855 13,972) {122,5521 25,153 Net cash provlded by {u5ed In) operatln6 actfvltles 303,946 139,231 The notes on pages 11- 17 form an integral part of these financial statements io BRADNET NOTES TO THE FINANCIAL STATEMENTS TH Accountlng pollcles Company Information Bradnet is a prlvate cornpany Ilmlted by guarantee Incorporated In England and Wales. The registered officels Guardlan House, 22 Manor Row, Bradford, BDI 4QU. Accountlry conventlon These account5 have been prepared In accordance wlth FRS 102 Yhe Flnanclal Reportlng standard appllcable In the UK and Republic of Ireland" ("FRS 102.1, "Accountlng and Reportlng by Charltles. the Statement ol Recommended Prartice for charities applyin8 FRS 102, the Companles Act 2006 and UK Generally Accepted Accounting Practice as it applies from l January 2015. The accounts are prepared in 5terlin81 which is the functional currency of the cornpany. Monetary amounts in these financial statement5 are rounded to the nearest £. The accounts have been prepared on the h15torlcal cost convention. The prlnclple accountlng polbcles adopted are set out belDW. Golng concern Followln8 the Care Qualfty Commlsslon revlew ICQC) future fundlng has becorne uncertaln with wholesale cut5 and market pressures. Moreover, Bradford Council Still retalns confldence In commissionln8 Bradnet to deliver care, and other funder5 such a5 Blg Lottery are continulng to make grants for capltal and revenue prolect5. Thu5, the tIUStee5 contlnue to adopt the golng concern basls In preparlng the accounts and at the time of approving the accounts. As an organisatSon we need to start to explore optlons for sustalnablllty which may include mer8in8 With other or8anlsatlons. 13 Charltable funds Unrestrlcted fund5 are available for use at the dlscretlon of the trustees In furtherance of thelr charltable objertlves unless the funds have been deslgnated for other purposes. Restrlcted funds are those donated for use In a particular area or are for specSflc purposes, the use of whlch Ss restrlcted to that area or purpose. Income Income is recognlsed when the charlty Is legally entltled to It after any perfomiance condition5 have been met, the amounts can be measured reliably• and it is probable that income will be recelved. Cash donation5 aTe recognised on recelpt. Other donatlons are recognlsed once the charlty has been notified of the donation, unles5 performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the tlme of the donation. Turnover Is measured at the falr value of the conslderatlon recelved or recelvable and represents amounts recelvable for goods and services provlded in the normal course of buslness, net of discounts, VAT and other sales related taxes. Resources expended Resources expended are recognised in the period in vthich they are incurred. Re50urce5 expended are Ilocated to the particular activity where the c05t relate5 directly to thot actrvity. Overhead expenditure has been allocated between the c05t ￿Trtres Of Re50urce5 Expended in accordance with the usage of the assets. li RADNET TE TO THE FIN ENDED TE Accountlng policies (contlnued Tanglble flxed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuatlon, net of depreclatlon and any Impairnient losses. Depreclatlon Is reco8nised so as to write Dff the cost or valuation of asset5 le55 thelr residual values over thelr useful lives on the following bases: Land and buSldings Fixtures, flttin85 & equipment 2% stralght Ilne 25% reducln8 balance The gain and loss arSsln8 on the dlsp05al of an asset is determined as the dlfference between the Sale proceeds and the carrylng value of the a55et andls recognlsed as net Incomel lexpendlture} for the year. Impalrmenl of fixed assets At each reporting end date, the charlty revlew5 the carrylng amounts of Its tanglble and Intanglble assets to determine whether there 15 any Indlcatlon that those assets have suffered an Impalrment loss. If anv 5uth indicatlon exlsts, the recoverable arnount of the asset is estimated In order to determine the extent of the Impairment loss lif any). Recoverable amount Is the higher of fair value less costs to sell and value in use. In a55essin8 value In use, the estimated future cash flows are discounted to thelr present value usin8 a pre-tax discount rate that reflects current market assessments of the tlme value of money and the rlsks speclflc to the asset for whlch the estlmates of future cash flows have not been adjusted. If the recoverable amount of an asset Is e5tlmated to be le55 than Its carrylng amount, the carylng amount of the asset is reduced to it5 recoverable amount. An Impalrment loss is recognised lrnmedlately In Income/expenditure for the year, unless the relevant asset15 tarrled at a valued amount, in which case the Impairment loss Is treated as a revaluation decrease. Recognlsed Impalrment losses are reversed If, and only If, the reasons for the Smpairment loss have ceased to apply. Where an impalrrnent loss subsequently rever5e5, the carrying amount of the a55et15 incieased to the revlsed estlmate of its recoverable amount, but so that the Increased carrylng amount does not exceed the carrying amount that would have been detem1ined had no impairment1055 been recognlsed for the asset in prior year5. A reversal of an Impalrment loss is recogni5ed irnrnediatelyi unless the relevant a55et is carrled In at a revalued amount, in which case the reversal of the Impalrment10551s treated as a revaluation Increase. Cash and c•sh equlvalents Cash and cash equlvalents Include cash in hand, dep051ts held wlth banks. Other 5hort-temi Ilquld Investments {wlth orlglnal maturltle5 of three months or less) and bank overdrafts are shown wlthln borrowings in current Ilablllties. Flnanc131 Instruments The twst only has flnanclal assets and flnanclal Ilabllltles of a klnd that quallfy as basic financial Instrument5. Basic finanaal instruments are initially recognised at transactlon value and subsequently measured at their Settlement value with the exception of bank loans whlch are subsequently measured at amortlsed c05t usin8 the effettive Interest method. 12 BRADNET THE FINAN TEME 31M 24 Accountlng pollcles (continued) i.io Employee benefits The c05t of any unused holiday entitlement is recognlsed In the period in whith the employee'5 seNlces are recelved. Terminatlon beneffts are recogni5ed immedlately as an expense when the company is demornstrably commltted to terminate the employment of an employee or to provide termination benefits. i.ii Pension5 The charlty operate5 a defined contrlbutlon pension stheme. Contrlbutlons are charged In the Statement of Financial Actlvltles as they become payable in accordance wlth the rules of the scheme. Donatlon5 and legacles 2024 2023 Grants recelvable Charttable a¢tlvltles- Income 2024 2013 Sales wlthln charitable activltle5 1.135,176 1,164,368 Other Income 2024 2023 other Income 9,707 9,707 Total lficome- Analysls by Fund 2024 2023 Unrestrltted funds Restricted 1,135,176 1,174,075 1,135,176 1,174,075 13 BRADNET AR ENDED 31 M 024 Charltable adlvltles 2024 2023 Staff costs {See note 7) Depreciation and impairment Loss on sale of assets Repayment of overdraft by INCT 865,712 4,498 875,448 5,319 870.210 880,767 Share of support Costs (See note 9) Share of governance costs (See note 91 185,402 61,996 1.055,612 942,763 Analysls of total expendlture by fund Unrestricted funds Restrlcted funds 1,055.612 942,763 1,055,612 942,763 14 BRADNET RTH NDED 31 MARCH 2024 Staff costs Staff costs during the yearwere: Total Z024 Total 2023 Wa8e5 and salaries 5oclal securlty C05tS Other pension costs 802,683 54.178 8.851 819,724 46.793 8,931 865.712 875,448 The average number of persons linclvding senior management team) employed during the year based on actual numbers was as follows: 2024 No. 2023 No. Charitable Actlvltles Internal staff 59 io 59 io 69 69 Trustees expenses No expenses were reimbursed to trustees durlng the year.12023- Nill. Support costs Support Governance Cost5 Costs 2024 Total 2023 Total Basls of allocatlon Project cost5 Premlses costs Office costs Staff related costs Finance costs Marketlng Accountancy servlces Consultancy Le8al and professlonal Sundry expenses 71,515 15,354 9,275 39,579 372 71,515 15,354 9,275 39,579 372 Allocation on time 12,722 Allwatlon on tlme 16,415 Allocation on time 8,768 Allocatlon on tlme 443 Allocation on t5me 558 Allocation on time 2.016 Allocatlon on tlme 10,112 Allocation on tSme 8,755 Allocation on tlme 2,207 Allocation on time 2.669 31.542 15,000 96 2.669 31,542 I5,￿j 96 185,402 185,402 61,996 15 BRADNET NOTE AN IAL STATEMEN CH20 io Tangible flxed assets Land and Bullding$ Flxtures flttlngs & Equlpment Total At l April 2023 Additions Dlsposals 102,059 94,467 196,526 At 31 March 2024 102,059 94.467 196,526 Depreclatlon and Impalrrnents At l Aprll 2023 Depreciation char8ed for the year Depreciation Ellm on Dlsposals 84,150 2,040 84,634 2,458 168,784 4,498 At 31 March 2024 86,190 87.092 173,282 Carrylnz amount At 31 March 2024 15,869 7,375 23.244 At 31 March 2023 17,909 9,833 27,743 11 Debtors 2024 2023 Trade debtor5 Prepayments Amounts due from Intercompanv Prepald Income 19,197 1,200 5,843 21,036 786 5,843 222,430 26,240 250,095 16 BRADNET NOTES T THE FIN DED IZ Credltors: Amounts falllng due withln one year 2024 2023 Other taxation and social security Trade and sundry creditor5 Accruals and deferred income 20,441 1,344 1,81X) 23.719 2,038 1,8C(I 23,585 27,557 13 Credltors: amounts falllnl due after more than one year 2024 2023 Loan from INCT 60.(X)O 60,IX¥) 17