Charlty Reglstratlon No. 1111920 Company Reglstrallon No. 05572861 (England and Wales) BRADNET ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 'AEHYV8EP• 2211212025 COMPANIES HOUSE A31
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BRADNET LEGAL AND FOR THE YEAR E ATIV 31 MARCH OR ATION Trustees Jamal Ahmad Tahlrah Ahmed Safina Kouser arlty number 1111920 Company number 05572861 Prlnclple address Wrl8ht Watson Entew15e Centre Thorp Garth Bradford BDIO 9LD Reslstered offlce Guardian House 22 Manor Row Bradford BDI 4QU Accountants Torevell Dent Ltd 1- 3 StAnn's plKe Pellon Lane Hallfax HXI SRB
CONTENTS THE YEAR ENDED 31 MARCH 2025 Tnjsteerf Report Trustee ReSPonbIlItIeS Independent Examlnews Report Statement of Flnandal A¢dvltl 8alance Sheet St•ternent of Cash Flow io Notes to the Flninclal Statements 11-17
DNEr TRU EERE FOR TH YE 31 MAR Structur• Gov8rn8nce and Man Bradnet Is a company Ilmlted by 8uarantee Incorporated on 23 September 2005 wlth company number 05572861, The coMnY wa5 establlshed under a Memorandum and Artides ofAssoclatlon whlch form BradneYs"govemlng documents". Bradnet Ss also 4 ¢harlty reglsteied on 14th November 2005 wlth charfty number 1111920. Accordlwly, the Board of Dlrectors of the company are also Its trvstees for the purpose of tharlty law; however, throuEhout thls report they are collectlvely referred to as"Dlrectors°. The Dlr¢¢tors: Name: J Ahmad T Ahmed S Kouser Stsrt Dat•: 1510512023 1510512023 1510512023 8radneVs Board of Dlre¢tors Is re5pon51ble for Ihe strateglc dlrertor and sound overall mana8ernent of Bradnet, The Board of Dlrector5 ha5 member5 from a varlety of professlonal back8rounds and experlenee of dlsablllty relevant to Bradnevs eth05 and work. The Dlrectors meet ab¢)ut every 6 to 8 weeks to dlscuss and dedde upon strate6lc and buslness matters. A scheme of delegatlon Is In place and daY-t(daY responslblllty for the provlslon of the servlces rest wfth the Chlef Exe¢utlve supported by the Gire Mana8er and Flnance Officer. The Chlef Executfv8 Is responslble for ensurlng th•t Bradnrt dellvers the seNlces that have beén eommlssloned or funded and that key performance Indlcators are meL Our banker5: Lloyds Bank Bredford aty Office 45. Hustler8ate, Bradford, BDI INT Our accountants: Torevell Dent Ltd, 1-3 St Ann's Ptace, Pellon Lane, Hallf¥ HXI 5RB.
DNEr USIEE REP THEY RCH 20 bradnees ${1)nIS thati °Soclety should be truly Incluslve wSth dlsabled people bel treated a$ equal clt12ens." Bradnet% mls%lon l&. "To promote equallty and Induslon wlth dlsabled people" Bradn'S alm 1% o empower all dlsabled people to have cholce and control over thelr Ilves and achlBv• real Independeno and quallty of Ilfe" Bradnet's values are that we are cornmltted to make a positlve dlfferenee to all the people we work for ind wlth. To promote and achleve our mlsslon we wlll c4ntlnue to: Enzw wlth 4118radnet people to desl8n and dellver PeoalIsed quo11ty servl¢es Enable Bradnet pÈople to malntsln dl8nlty, Independence. exchan8ln8 respett and bulldln8 trust Empower all Brndnet people to h•vo Infomed ch¢l¢e and control over thelr Ilves wlthln thelr communltles Enrlch all Bradnet peoples, Ille oxperlences. eneour•8ln8 4c¢ess to new opportunltles. Ob Bradnet wlll: Invohe dlsabled people In the plannln8 and dellvery of Bradnet's servl¢es and projects thamplon the rlght of every dlsabled person to thallen8e dlscrlmlnatory or oppresslve prnctlce from rf8hts-ba5ed approach use the knowled8e galned from Its dlrect work wlth dl$abled people tD campal8n for equallty and Incluslon of dlsabled people at all levels support, Intomi and att¥oute for every dlsabled person and enhance thelr capaelty to be Independen( have Improved Ilfe thances, reduce tsolatlon ¥nd ralse asplratlons. 18vème In Common wlth other care and support a8encles Bradnet ha5 SOU8ht to utlllse Its modest resourcts for servicè dellvery. The overall alm has been to contlnue to consolidate and put In place a sound Infrastructure to ensure regulatory tompllance, and to ald growth and development. The health and soclal care sector contlnue5 to experfence ever growln8 demand against 4 backdrop of Inèdequate fvndln8 netlonal and locally to dellver quallty servlce5. As wlth prevlous years, Bradnet has contlnued to overcorne thallenges In recrultment and retentlon- notjustdue to Insuffldentfundlng tofund attrartlve payand rewards but alsodue to lack of Interest In seeklng care work employinent and gettln8 sultabty skllled and passlonate employees. Locallyi 8radnet ConnueS to experfence ob5taeles to recrultsrent due to people tsklng up other better pald employmenL or because Bradnet has to frequentty reerult from a pool of Ilmfted talent wlth competltors trylng to retrult at the same tlme. A poor hourly rate has the overall Èffect ol or8anlsat]ons belng unable to Invest In strengthenln8 Infrastnjcture or Incentivlslng people to joln the workforce. Notwlthstandln8 the above thallen8 Bradnet has contlnued to consolldate Its operatlons and servlce offer. Wh115t there has been only modest growth In terFn5 of Hn Increase In eare hours under the Supported Ilvln8 FrameworK Bradnet remalns well-placed to take up more hours and dlver51fy its servlces.
ADNEr E REPORT E YEAR ENDED 3 OR ARCH 20 Bradnet has demonstrated excellent res11ience In the face of Intemal challenges aml external C4)mpetltlon. and the seNlce has enjoyed contlnued Improvement due to the dedicatlon and comrnltment of all staff. There has been a Imv turnover of staff compared wlth the prevlous year- thls has resulted In Bradnet havin8 a conslstent core team whlch has 8reatly helped In thls endeavour due to contlnulty and control. Some of the dlfflcultles In rrfrultment lave been overcome by enllstlng OVeaS workers: whllst thls haslts ¢7wn thallen8es, It nevertheless provldes an opportunlty to ensure contlnulty of dellvery and mouldln8 the workets to the Bradnet way of wkIng. Furthermore, sodal workers and health professlonals contlnue to trust Bradnet to provlde care and support to servlce users, and commlssloners contlnue to show confidence In the or8ar•lsatlon by awardln8 cornmlsslons and contrdrts suth as the Supported Uvln8 Framework. Wlth re8ard to an Improved servlce user experlence, feedba¢* has Indlcated general satlsfactlon wlth the quallty of servtce recelved. wlth ¢onstrnictlve ¢omments taken forward for bètter rnrnmunlcatlon. Bradnel wlth guldance and support from soclal workers, has cirried out a lot of work In tsllorln8 care and support to Indfvldual need$ where the care requlrements are very complex: for example JA has a learnln8 dlsablllty •s well as mental health challenge5, and frequently leaves hls home to d15appeor for many days and he Is unable to care lor hlmself, Brddnet has put In a great deal of work In puttln8 In place varlou5 measures and protocols to ensure hls safety and welhre. Slmllarlv wlth serylce userAH vtho has a profound learnln8 d15ablllty and other health155UaS, Bradnet has la8aln wlth support from 8 multl4llsclpllnary team of soclal woarS and other professlonals) put In plate varlou$ Proto1$ to ensure AH'S safèty, haalth and Independeno. Equally, the PA'S have expressed sat15fartlon wlth the fact that they hive found the Re8l$tered Mana8er and offl¢e team approachable and supportfve and, whllst the demand for more work Ss hard to fulfll with Ilmlted 8rowth, PA'S hav• eontlnued to dem¢nstrate commltment and dedlooon. some ol the alms of last year for improvln8 sepAce user and stsff en8agemenL as well as Increaslng Brddnevs proflle have been pro8res$ed. Some progress has been made to connect wlth local or8anlsJtlons and stakeholders to develop partnershlp for referrals for care and support, as well as promollng the volce of disabled people. In thls re8ard, Bradnet has worked wlth Equallty Together In advandn8 the Co-Productlon Partnershlp wlth the alm of ensurlng dlsabled peoples volce5 are heard and taken Into account when de518nlng servlce5 and Inltlotl¥es. In order to dlverslfy Income and brlng addltlonallty to Its sernlce offer, Brddnet lod8ed a tender for delfverfn8 a daytlme acllvltle5 servlce. Thls wlll be developed and enhanced once It Is fully transferred to 8radnet Irom New Chol¢es (Bradford Dlstrlct) Ltd. Wlth the appolntment of new Re8lstered Manager5 thls year, It Is hoped to redouble our efforts to develop and delfver seNkes. It wlll need a detslled schedule of a¢[ty Indudlng outreach and en8a8ement wlth scclal Wofkers and other agencles, and dev151n8 and dellverln8 a varlety of actlvltles whlch are accesslble and rewardln8 for dlfferent groups of servlce users. A blg drlve In the cominB year will be to Improve our dlgltal Infrastructure to embrace new way5 of doln8 thin85 that are increaslnBly requlred by commlssioner5 and fundef5. A lot of hard work has contlnued to go Into malntalnln8 control of BradneV$ flnances: prevlously wlth a hl8h turnover of stsff and frequent changes It was dlfflcult to gain an undersfandln8 of Income and expendlture; now root and brnnch revlew of contracts and commltments has resulted in a very capable finance functlon and operdtlonal dellvery. There Is still much to do in en5urln8 a solld foundatlon for growth, the key fartor Is that there are now no unknowns regardln8 Bradnevs finance& The overall consolldatlon of commltments has resulted In a modest surplus compared wlth a defldt In the previous year: wlth reful rnonStorln8 and re8ulatln8 of all oulgo5ng expendlture and constantly attemptlng to Increase revenue by the whole Brddnet team we seem to be in a much better posltlon than we were Just 18 months ago. The followlng are lust some brlef polnts to hlghll8ht the Improvement In our flnanos:
BRAO TRUSTEE REPO FOR THE YEA DED 31 MARCH 2015 l. Bradnet has tumed th8 corner and Is now Browlng ftnanclally wlth Income exteedln8 £lm thls year. 2. Throughout the year we have l*xlBed varlous fundln8 bkls and tenders to fund some of our actlvltles and dlverslfy our seNlces' none of these have been successful but It shows the dlfflcult dlmate for grants due to tlie great demand. In con¢luslon, as alway5 Bradnet represents a major opportunlty to dgvelgp somethlng great wlthln the health and soclal care arena that Is local and user-led; however, as always, we need fundlng and Bood staff. The dlfficulty of securlng grant fundln8 thls year desplte several fundln8 blds Illustfates the ¢halleTrgln8 external envlronmenL and the Ongo1 segrch for quallty personnel shows the under-funded stste of the health and soclal care fleld In attractln8 8ood people wlth the rl8ht level of reward. However, wlth the merger wlth INcfwe aN remaln confldent of the futur•. I would Ilke to end by thankln8 all the staff for thelr hard work over thè year, and my fellow trurtees for thelr valuable tlffle and commltment Durln8 pandem1¢ Covld-19 we focussed on conductln8 our buslness thrOh Adult and St)d41 Care framework We wlll refresh our fundralslnB stroteBy In 2025. Bradnet remalns commltted as always to work In partnershlp wlth local statutory and voluntsry agend, as thls avolds dupllcatlon and maxlmlses value for money for funders and the communlty at l•ry•. We seek partnernhlp wlth other a8encles In Brndford to provlde added value serv1 to our 5ervlee users and brln8 muth needed Inward Investment to Brndnet. The Board contlnues to mana8e rfsks on re8ular basls to protect the or8anls&tlon and seThlce users. Due to decreased Serv1 user base our Income has slgnlflcantly decreased. We have to Improve our operatlonol bu51ness to generate Income to be more sustalnable In longer term. The Trustees contlnue to exerclse robust controls to remedy operatlonal challen8es by adoptlng robust approaches to Implement tlghter flnandal controls, business plafftning (whlch wlll Incorporate a SWOT anatysls and rf5k management), Implementlng a Fundralslng 5trate8y and applylng for further fundln& successlon plannln& use of expert advlce and the Implementation of more rl8orous re¢rultment and selectlon procedures for recrultlng 5tsff wlth the ppproprfate skllls 5pts; the Introducdon of further staff beneflts to retsln staff.
STEE REPORT THE YEAR ENDED 31 MARCH 20 The Trustees have examlned the companvs requlrements for reserves In IIEht of the rnaln rlsks to the company. R•sponslbMltlè$ of the Dlrettors Company law requlres the dlrertors to prepare finandal statements for eath ftnanclal year whlch 8lve a true and falr vlew of the state of the affBlrs of the company as at the balance sheet date and of Its Incomlng resources and appllcatlon of resources, Includln8 Income and eKpendSture, for the flnanclal year. In prep8rlng those flnanclal statements, the Dlrertors should follow best pract1 and.. a) Selert sultsble a(xountlng pollcles and then apply them c*nslstently; bl Make Jud8ements and estSmates that are reasonable and prndent. ¢) Prepare the flnanclal statements on a 8oln8 concern basls unless It Is Inapproprlate to assume that the company wlll contlnue on that basts, The Dlrectors are SpoNsIble for malntslnln8 proper aceountln8 records whlch dlsclose th reasonable accuracy at any tlme Bradnevs fflnanclal p051tlon, and to enable them to ensure that the Ilnanclal ststement$ cornply wlth the Cornpanles Act 2006. The Olrectors are also responslble for safeguardln8 the Bssets of the company and, hence, lor tsklna reasonable steps for the preventlon Bnd detsrtlon of fraud and other Irre8ularltles. Ard l Dlrnctors Members of the Board of Dlrethrs, who are Dlrertors foT the purpose of company law and trustees for the purposes of charlty law, who seNed durln8 thè year and up to the date ol thls report are set out on pa8• l of thls Annual Report. In accordan wlth company law, as the companrfs Dlrectors, we certlfy thAt: a) So far as we are aw•re there Is no relevant Informatlon of whl¢h Ihe companvs accountants are unaware; and bl As the Dlrertors of the company we have taken all the steps that we ou8ht to have taken in order to make ourselves aware of any relevant Infomatlon and to establlsh that the ¢ompanls ac¢ountsnts are aware of that Infomiatlon. untl horl lan The Flnandal Statements have been prepared In accordance wlth the Statement of Recommended Pro¢llce: Accountin6 and Reportln8 by Charltles Ilssued Mareh 2005 by the Char5tles CommlssloTh) and In accordance wbth the spedal provlslons of Part 15 of the Companles Act 2006 relatln8 to small entltles. and Bradnevs 8overnln8 documents. Approved by the dlrectors on and $Ied on Its behalf under delegated authorlty by: J Ahmad
BRADNET srAT ENTO YEA TRU5TEES' RE ENOEO 3 SIBILMES The trustees are responslble for preparln8 the Annual Report and the flnandal statsments In accordance wlth appllcablelow and Unlted Klngdam Generally Accepted A¢¢ountln8 Practke. The trustees are requlred by company law to prepare flnanclal ststements for each Ilnanclal year whlch 8lve a true and falrvlewof the finandal Bctlvltles of the charlty Hnd of Its fln•nrlJl posbtlon at the end of thatyear, In preparln6 those flnarKlal statements the trustees are requlred to: a) Select sultsble accountln8 polldes and apply them eonslstently b) Mike •dJustments and,tImIts$ th•t •ra reasonable and prudent e) Stste whether the polldes adopted are In ac£ordan¢e wlth the CpanIeS Act 2006 and wlth appllcable acgountSn8 stsndards and statements of re¢omm•nded practlw subjert to Iny materl•l departures dlKlosed and explalned In the finandal statements d) Prepare the financlal statements on a 8oln8 rnnrn b•515 unless It19 Inapproprlat• to 455ume that the dmrtty wlll contlnue In operatlon The trustees are responslble for keeplnB proper accountln8 records whl¢h dlsclose wlth reasonable accuracy at anytlme the flnanclal posltlon ol the charlty and enoble thom to ensure that the flnanclal Statements comply wlth the Companles Acl 2006. They are a150 responslble for safe8uardln8 the assets of the chbrity and hence for takln8 reasonable steps for the preventlon ènd detectlon of fraud and other Irre8ul4rltles.
INDEPENDENT E ET S OF BRADNEr THE YEAR ENDED 31 I report to the charty tThtee$ on my eKamlnatlon of the a¢counts of the CA)mpany forthe ye4r ended 31 March 2025. Responslbllltles and basb of rnport As the tharltvs trustee$ of the Company (and 41s0 Its dlrertors for the purpose of company lawl you are rasponslble for the Preparat1¢ of the accounts In accordance wlth the requlrements of the Companles Act 2006 I'the 21x16 A¢VI. HavlnB 53tlsfled myselfthat the accounts ol the Company are not requlred to be Ivdlled under Part 16 of the 2006 Art and are ellelble for Independent examlnatlon, I report In respect of my examlnatlon ofyour charity's accounts a5 caffled out under sertlon 145 of the Charltles Act 2011 ('Ihe 2011 Actr). In carryln8 out my examlnatlon I have followed the Dlrectlons 8lven by the tharlty Commlsslon under sectlon 14515) (b) of the 2011 Act. Indepemlent examlnerfs gtatsmont I conflmi that l am quallfied to undertake the examlnatlon because l am member ol ACC& whlch Is one of the Ilsted bodles. I have completed my examlnatlon. l Conflrni that no matters have come to my attentlon In nnertIOn wlth the examlnatlon glvlng me cause to belleve: l. Accounlln8 records were not kept In raypert of the Company as requlred by sectlon 386 of the 21x16 Art; or 2. The accounts do not acrd wlth those records; or 3. The accounts do not comply wlth the accountlnB requlrernents of settlon 396 of the 21J)6 Act other than any requlrement that the accounts glve a 'trne and falr vlew whlch Is not a matter ¢onsldered as part ol an Independent examlnatlon; or 4. The accounts have not been prepared In accordance wlth the methods and prlnclples of the Statement ol Recomrnended Practlce for ac¢ountlng and reportlng by charltles [appllcable to chafltles preparlng thelr accounts In accordance wlth the Flnanc5al Reportln8 Standard appllcable In the UK and Republ1¢ of Ireland IFRS 102). I have no wicerns and have come acr039 no olher matters In connertlon wlth the examlnatlon to whlch attenllon should be drdwn In thls report In order to enable a proper understandln8 of the accounts to be reached. mantha. J. Sut Torevell Dent LlmSted Chartered Certlfied Attountsnts 1- 3 St Ann's Plate Pellon Lane Hallfax HXI 5RB
STATEMEMf OF FINANCIAL ACTNITIES FOR THE YEAR ENDED ARCH 202 LUDI ND EXPEN ACCOUN Unrestrl¢ted Restrlcted Funds Funds Total Totsl 2024 Notes Charltsble actlvltles Olher Income 1.283,472 1,283.472 1.135,176 Total Inme and endowTh L283,472 1283872 1.135.176 Charltable athltles L082,455 1,082,455 L055.612 Totsl résour1 expthd•d 1,082,455 Im2A55 105S,612 N•t l•MpendI)I1A¢0MO lor the year 20&017 20&017 79J64 Transfer between funds Fur balance brought foNard 41555 425,955 346,391 Fund hlanc•¥ Afrfed lorword 62671 626.972 425,955 All In¢•me and •xpendlture detlvéd from ¢ontlnuln8 a¢tlvhle& The charlty hai no retoqnhed plns or lossei for the year other than the results above. The notes on pap$ 11- 17 form an Integral part of these flnanclal statemen1&
BALANCE SHEEr AS AT 31 MARCH 2025 2025 2024 Notes Fi¥ed awts Tanglble assets Investments io 24,234 23,244 Z4335 23,245 Curr•nt asMI Debtors Cash at bank and In hand li 25,7S7 608,747 26.240 460,055 486,295 Cr•dltors: amounts falllni Due wlthln one year (31,7671 (23,585) Net current asgets/{Ilabllltles) 602,737 462,710 Total asset$ lesscurrnnl U•bllld•s GI672 485J55 Credhors: amounts fallln Due after more than one year 13 160,0001 Plet assels 626.972 425055 General unrejtrlcted fvnds Restrfrted fund$ 626,972 42S,955 Total fvnd$ 626,972 425.955 For the financlal year In questlon the company was entltled to exemptlon under secllon 477 of the Companles Act 2006 relatlng to small companles. No members have requlred the company ¢0 obt8ln an audtt of Its accounts for the year In questlon In acrdanCe wlth sertlon 476 of the CompanSes Act 2006. The dlrectors acknowledge thelr responslblllty for camplyln8 wlth the requlrements of the Art wlth respect to accountlnE records and for the preparatlon of ocwunts. These a¢¢ounts have been prepared in accgrdance wlth the provlslons appllcable to companles subJert to the Small companlu, reBlme. The financlal statements were approved by the board of fllrectors and authorised for issue on .., and re 518ned on Its behalf by: !£.Li21.vf. J Ahmad Company fte8istration No. 05sn861 The notes on page$ 11- 17 form an Integral part ofthese flnanclal ststements
BRADN srATEMENT O ASAT31MA 25 Funds Furtd Cash flows from operatln8 artlvltlts: Net CQ5h fvyovldedby (usedlnl opernung artlvltles os below 215 192 303,946 Cash flows from Inv•stlng artMtIo&' Purthose of propertyi plant and equlpment Proceeds from sale of property. plant and equlpment 16.5CKI) Net ¢ash provlded by (used In) IfivgStlnE acdvltles I6.5) Ca$h flows from financlng a¢tlvttleg: Repayments of borrwln8 C8$h Inflows frn new borrowlnz {60,(MIO) Net Wsh provlded by (used Inlfvundn¢ artfvftle$ l60,fy) Chany In cosh andeo$h equIleftts In the perfod Cash and cash oqulvalents ot the beBlnnln£ of the reportln8 Perlod 460,055 156,109 Cash and Cash •qulval•nts at th• Ind of th• reportlns perlod 608,747 460,055 Reeondlbtlon of n•t Incomel (expendre} to net ¢a5h Ilow From operntlng artl¥ftlu: Net Inton*/(expendftureJfvrthe rèpffj perlod (a$per the Stotefflentofflnanclolartlvltles) 20L017 79,564 Adjustments lor: Depredatlon charges oss on sale offlxed assets (Inere8se)/ decrease in debto {Decreasell Increase In credltors 5,510 4,499 223,855 {3.9n> 8.182 Net cash proded by (used In} operatlni actlvltles 215,192 303,946 The notes on pa8es 11- 17 forrn an Inte8ral part of these flnanclal statements io
8RADNET NOTES TOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED I MARCH 2025 A(rountlnB pollde$ Company Informallon Bradnet Is a prlvate cornpany Ilmlted by guarantse Incorporated In England and Wales. The re8lrtered offlce Is Guardlan House, 22 Manor Row, Bradford, BDI 4QU. Attountln8 Conventlon These accounts have been prepared In aCrdanCe wlth FRS 102 The Flnandal fteportlng Standard appllcable In the UK and Republlc of Irel8nd" ("FRS 102.), °Accountlng and Reportln8 by (harftles" the Statement of Recommended Prartlce for tharWe5 appty1 FRS 102, the Companles Act 2006 and UK Generally A¢pted Accountlng Prd¢tI as It applles from l January 2015. The accounts are prepared In stertln& whlch Is the functlonal currency of the company. Monetary amounts In thege Ilnandal statements are rounded to the nearest £. The accounts have been prepared on the hlstorlcal cost (onventlon. The prlnclple ¥¢countlng pollcles adopted are set out below. fjolnl Followln8 the Care Quallty Commlsslon revlew ICQC) knure fundlng has become uncertaln wlth wholesale ¢uts and market pressures. Moreover. Bradford Councll stlll retalns confldence In Icommlsslonln8 Bradnat to dellver ure, and other funders su¢h as Bl8 Lottery are ¢ontlnuln8 to make lrnnts for capltal and revenue prolects. Thu5, the trustees ¢ontlnu? to adopt the ioln8 concern basls In preparln8 the accounts and at the tlme of approvlng the a¢¢ounts. A8 an or8anlsatlon we need to start to explore optlons for 5USt•lnablllty whlch may Include mer8ln8 wlth other oreanlsatlons. Charftable fund$ Unre5tr5rted funds are avallable for use at the d15¢retlon of the trustees In furthernn¢e of thelr ch•rltsble ¢blettlves unless the funds have been desl8nated for other pUose$. Restrlcied funds are those donated for use in a partlcular area or are for speclflc purposes, the use of whlch b restrlcted to that area or purpose. In¢om¢ Income15 reco8nlsed when the charlty Is legally entltled to It after any performance condltlon5 have been mel the amounts can be measured rellabty, and It Is probable that Income wlll be recelved. Cash donitlons are reco8nlsed on recelpL Other donatlons are reco8nlsed once the charlty ho$ been notlfied of the dIatIOn, unless performanc4 ryJndltlon5 requlre deferral of the amounL Income tsx recoverable In relatlon to donatlons recel¥ed under Gift or deeds of covenant Is recoBnlsed at the tlme of the donatlon. Turnover Is measured at the falr value of the conslderdtlon re¢elved or re¢el¥able and fepresents amounts re¢elvable tor 8oods and ser¥1$ provlded in the normal course of buslness, net of discounts, VAT and other sales relaled tsxes. Resources expended ResOue$ expended are rKognlsed In the perlod In whlth they are Incurred. Resources expended are allo(zted to the partlcular actlvlty Whe the cost relates dlrectly to that actlvlty. Overhead expendlture has been allocated between the cost centres of Resources Expended In accordance wlth the usa8e of the assets.
NOYÉS TO THE F FOR THE YEA NA STATEMENTS RCH 2025 ArtountlnB polldes {¢onllnuedl Tan8lble flxed ajsets Tan8lble flxed assets are Inttlally measured at cost and subsequently measured at Cost orvaluatlon, net of depreclatlon and any 1mpalrrnent1055e5. Depreclatlon Is recognlsed so as to wrlte off the cost or valuatlon of assets less thelr resldual values over thelr useful Ilves on the folbowlng bases: Land ind bulldln8S Flxtures, flttlngs & •qulpment Motor vehleles 2% stral8ht Ilne 25% reducln6 balance 25% redudn8 balance The ialn and loss Brlsln8 on the d15po$al of an a55et Is detem)Ined as the dlfference between the sale pro¢eeds and the C•fryln8 v•lue of the asset and Is recw)Ised as net Income/ lexpendlture) for the year. Impalrment of fixed assets At each ieportln8 end date. the charlty revlews the carrylng amounts of Its tan8lble and Intanglble assets to determlne vthether there Is any Indlcatlon that those assets have suffered an Impalrn)ent loss, If any such Indl¢atlon exlsts, the recoverable amount of the asset Is estlmated In onler to deternilne the extent of the Impalrnient Ios5 (If •ny). Retovernble amount Is the hl8her of falrvalue less costs to Sell and value In use. In assessln8 value In use. the ostlmated future cash flows ore dls¢ounted to thelr present volue uslng a pre.tsx d15¢0unt rnte th reftects current market assessments of the tlme value of money and the rlsks spedfic to the asset for whlth the estlmats$ of future cash flows have not been adjusted. If the recoveiable arnount of an 15set Is estlmited to be less than Its carryln8 amounL the carryln8 amount of the asset Is reduced to Its recoverable amount. An Impalmient loss Is reco8nlsed Immedlately In Incomelexpendlture for the year, unless the relevant asset 1$ carrfed at a valueil amoun¢ In whlch case the Impalmient los5 Is treated as a revaluatlon decrease. Rec¢8nlsed Impalrment losses are reversed If, and only If, the reasons for the Imp81rn)ent loss have ceased to apply. Where an Impalmient loss subsequently reverses, the carryln8 amount of the asset15 Increased to the revlsed estimate of Its recoverable amount, but so that the Increased carylng amount does not exceed the carrylng amount that would have been detem)Ined had no Impalrment loss been reco8n15ed for the asset In prlor years. A reversal of an 1mpalrment105s1s reco8nSsed Immedlately• unless the relevant asset Is caNled In at a revalued amoun¢ In whlch case the reversal of the impaimient loss Is treated as a revaluatlon Increase, Cash and cash equlvalents Ch and cash equlvalents Include cash In hand, deposlts held wSth bank5. Other 5hort-term Ilquld Investments (wlth orlglnal maturltle5 of three months or less) and bank overdrafts are shown wlthln bOoW1n8S In current Ilabllltles, Flnan¢lo1 Inslruments The trust only has flnandal assets and flnancial Ilabillties of a klnd that quallfy as baslc flnan¢lal Instruments. Ba51c flnand41 Instruments are Inltlally recognlsed at transactlon value and subsequentlv measured at thelr settlement value wlth the excepiion of bank loans whlth are subsequently measured at amortised cost usln8 the effectlve Interest method.
RADNET NOTES TO THE FINANCIAL STATEMENTS R THE YEAR ENDED Accountlng polldes (conllnued) 1.10 Employee benefits The Cost of any unused hollday entitlement Is reco8nlsed In the peylod In whSth the employee's servl¢es are recefved. Temlnatlon benefits are recognlsed immedlately as an expense when the company Is demonstrabty ¢ommltted to termlnate the employment of an employee or to provlde ternilnatlon benefits. i.ii Penslons The tharfty operates a defined contrfbutlon penslon s¢heme. Contrlbutlons are thar8ed In the ststement of Flnandal Actfvltles as they become payable In accord•nce wlth the rules of the scheme. Donatlons and Iw¢les 2024 GrBnts recelvable Charftablé artlvttlu- Income 2024 Sales wlthln charltable acttvltles 1,283,472 1,135,176 Other Income 2025 2024 Other Income Total In¢ome-Analysl$ by Fund 2025 2024 Unrestrlcted funds Restrlcted L283,472 1,135,176 1,135,176 1,135,176
BRADN STOT EFIN FOR THE YEAR ENDED TATEMEKrs I MARCH 2025 Chafftable actlvhlei 2025 2024 stsff costs (See note 7) Oepreclatlon and Impalrment Loss on sale of assets Repayment of overdraft by INcr 958,775 5,510 865,712 4,499 964,285 870.211 Share of support costs (See note 9) Share of 8overnan¢e costs158e note 9) 118,170 185,401 1,082,455 1055,612 Analysls of total •xpindttur• by fund Unrestrfcted funds R•strlct¢d fund$ 1,082,455 1,055,612 1,082,455 LO55,612 14
BRADNEr STOTHE FINAN FOR TH£ Y NDED 31 STATEMENTS 2025 Staff costs Stsff costs durlng the year were: Totsl 2025 Total 2024 Wages and salarles Soclal securfty costs Other pen$lon costs 890,371 57.753 10,651 802,683 54,178 8,851 958,775 865,712 The average number of persons Ilncludlng senlor management teaml employed durfn8 the year based on actual numbers was as follows: 2025 No. 2024 Charltable Aeuvltles Internal staff 55 63 Trurteei expenses No expenses were relmbursed to trnstees durln8 the year.12024- NIII. Support cl$ Support Goveminc• Cost• 202S Total 2024 Total Basls of allocallon ProJert costs Premlse5 costs Offl¢e ¢osts Stsff related costs Anance c¢ts Marketln8 Accountancy servlce5 ConsultsnLy Legal and professlonal Sundry expenses 71,514 Allocatlon on tlme 15,354 Allocatlon on tlme 9.275 Allocatlon on tlme 39,579 Allocatlon on tlme 372 [OratIOn on tlme Allocatlon on tlme 2.669 Allocatlon on tlme 31,542 Alloutlon on tlme 15,000 Allocation on tlme 96 Allocatlon on t5me 28,841 28.841 10,544 17,235 357 17.235 357 1,732 59,J51 L732 59,151 310 310 118,170 118,170 185.401
BRADNEr TES TOTHE FINANCIAL STATEMEN FOR THE YEAR ENDED 31 MARCH 2025 io TanOble fflxed assets Motor V•hlcle• Land and BulldlnAs Foxtures fittln84 & Equlpment Total At l Aprll 2024 Addltlons Dlsposals 102.059 94,467 196,526 6,51M) 6,51J> At31 Mlrth 2025 6,5fy) 102,059 94,467 203,026 Oepr•clatlon and Impalrments At l Aprll 2024 Depredatlon charged for the year Depredatlon Ellm on Dlsposals 86,192 2,041 87,090 L844 173,282 5,510 ¥625 At 31 March 2025 1625 88,233 88,934 178,792 C•rryln8 amount At 31 March 202S 4,875 13,826 5,533 24,234 At 31 Marth 2024 15,867 7,375 23,244 11 Debtvg 2025 2024 ' Trade debtors Prepayments Amounts due from Intercompany Prepald Income 19,196 718 19,197 L200 5,843 Z5,757 26,240 16
ESTOT E FINANCIAL STATEMENTS EN 31 MARCH 20 FOR 12 CredIt. Amounts fallln8 duo wlthln onè yèar 2025 2024 Other taxatlon and soclal securtty Trade and sundry credltors AccNals and deferred Ineorne 25,484 6,283 20,441 1,344 1,800 31,767 23,585 IS Credltorj: arnounts falllns dye after mwe than on• y••r 2025 Loan from INcr 60,(0 17