Registered number 05130896
Charity number 1112686
SHARING VOICES (BRADFORD) (Company limited by guarantee)
Report and Accounts
31 March 2023
SHARING VOICES (BRADFORD) Report and accounts Contents
| Page | |
|---|---|
| Director/ Trustees' report | 1 |
| Accountants' report | 3 |
| Income and expenditure account | 4 |
| Balance sheet | 5 |
| Notes to the accounts | 6 |
| Detailed income and expenditure account | 9 |
SHARING VOICES (BRADFORD) Registered number: 05130896 Directors/ Trustees' Report
The directors present their report and accounts for the year ended 31 March 2023.
Principal activities
The company's principal activity during the year continued to be a non profit making organization offering Education, Health, Housing and related services for the local community.
Directors/ Trustees
The following persons served as directors during the year:
Faisal Khan (Trustee appointed 8 July 2021) Daud Khan (Trustee appointed 15 Feb.2023)
Mission and vision of the company:
Work with and support all diverse BME groups with mental health difficulties and develop our services in partnership with them and other mental health service providers in Bradford Recognise that there is inequality and discrimination (in particular with BME Communities) and we are proactive in tackling it by advocating for the needs of communities with policy makers and service providers to influence mainstream strategic change.
Main plans for the coming year
Raise awareness in relation to mental health and emotional well-being and challenge the stigma associated with mental illness within BME communities and to educate practitioners and service providers.
Influence policy, service delivery and all stakeholders through partnership work, strategic influence, being a critical friend and a community advocate who holds agencies to account for delivery in relation to BME mental health services.
Structure, Governance and Management
The charity (Sharing Voices Bradford, SVB) is a Company Limited by Guarantee, incorporated 18th April 2004 and registered as a charity on 11th January 2006. The charity’s objects are “the preservation and promotion of good mental health of minority ethnic communities in the United Kingdom, focusing primarily on people living in West Yorkshire”.
The Trustees are also the directors for the purposes of company law and under the company’s Articles are known as members of the Management Committee.
Under the requirements of the Memorandum and Articles of Association the members of the Management Committee are elected to serve for a period of three years after which they must be re-elected at the next Annual General Meeting. The Secretary is one of the Committee members and also has voting rights.
Risk mangement
Responsibility for ensuring that the charity delivers the services specified and that key performance indicators are met is delegated to our Senior Management Team, whom hold overall responsibility for the operation of the charity and provision of services. Individual supervision of the staff team as well as ensuring that the team continue to develop their skills and working practices in line with good practice. There has been a change in structure of the organisation to help it meet its objectives
The Management Committee has during the year reviewed the main risks facing the charity and will continue to do so on a regular basis. Trustees are satisfied that systems and processes are in place to manage the risks that have been identified. In particular, the Committee continues to
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SHARING VOICES (BRADFORD) Registered number: 05130896 Directors/ Trustees' Report
ensure good financial forward planning and cash flow awareness and has established reserves for six to twelve months.
Statement of Trustees Responsibilities
Company and Charity law requires the Trustees to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the company and of the incoming resources and application of resources, including the income and expenditure for that period.
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 31 December 2023 and signed on its behalf.
Faisal Khan
Directors/ trustees
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SHARING VOICES (BRADFORD) Accountants' Report
Accountants' report to the directors of SHARING VOICES (BRADFORD)
You consider that the company is exempt from an audit for the year ended 31 March 2023. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
in accordance with your instructions, we have prepared the accounts which comprise the Income and Expenditure account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Rehman Michael & Co Chartered Certified Accountants
277 Roundhay Road Leeds West Yorkshire LS8 4HS
31 December 2023
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SHARING VOICES (BRADFORD) Income and expenditure account for the year ended 31 March 2023
| Notes Income 1 Cost of generating income Gross profit Distribution costs Administrative expenses Operating surplus Surplus/ (deficit) for the financial year |
2023 £ 337,907 (38,680) 299,227 - (460,980) (161,753) (161,753) |
2022 £ 220,211 (50,657) 169,554 - (618,663) (449,109) (449,109) |
|---|---|---|
Please see detailed income and expenditure statement for restricted and unrestricted income and expenditure analysis as required by SORP FRS 102.
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| SHARING VOICES (BRADFORD) Registered number: Balance Sheet as at 31 March 2023 Notes Fixed assets Tangible assets 3 Investments 4 Current assets Stocks Debtors 5 Cash at bank and in hand Creditors: amounts falling due within one year 6 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 7 Net assets Capital and reserves Reserves accumulated 8 Net reserves |
05130896 2023 £ - - - - 85,811 92,056 177,867 (5,700) 172,167 172,167 - 172,167 172,167 172,167 - |
2022 £ 1,153 - 1,153 - 3,450 332,917 336,367 (3,603) 332,764 333,917 - 333,917 333,917 333,917 - |
|---|---|---|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Faisal Khan Director/ Trustee
Approved by the board on 31 December 2023
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SHARING VOICES (BRADFORD) Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover (Income)
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Unrestricted funds
Unrestricted funds are the net incoming resources available for the objects of the charity without specified purposes and are part of the general funds.
Restricted funds
Restricted funds are the net incoming resources avaiable for a particular area or purpose stated by the donor and are allocated appropriately.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Leasehold land and buildings over the lease term Plant and machinery over 20 years (SL) Fixtures, fittings, tools and equipment over 20 years (SL)
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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SHARING VOICES (BRADFORD) Notes to the Accounts
for the year ended 31 March 2023
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| 2 Employees Average number of persons employed by the company There were no employees receiving more than £50,000 per annum 3 Tangible fixed assets Land and buildings Plant and machinery etc £ £ Cost At 1 April 2022 43,900 25,280 Additions - - Disposals - - At 31 March 2023 43,900 25,280 Depreciation At 1 April 2022 42,747 25,280 Charge for the year 1,153 - On disposals - - At 31 March 2023 43,900 25,280 Net book value At 31 March 2023 - - At 31 March 2022 1,153 - 4 Investments Investments in subsidiary undertakings Cost £ At 1 April 2022 - At 31 March 2023 - 5 Debtors Trade debtors Other debtors |
2023 Number 14 Motor vehicles £ - - - - - - - - - - Other investments £ - - 2023 £ - 85,811 85,811 |
2022 Number 30 Total £ 69,180 - - 69,180 68,027 1,153 - 69,180 - 1,153 Total £ - - 2022 £ - 3,450 3,450 |
|---|---|---|
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SHARING VOICES (BRADFORD) Notes to the Accounts
for the year ended 31 March 2023
| 6 Creditors: amounts falling due within one year 2023 £ Trade creditors - Other creditors 5,700 5,700 7 Creditors: amounts falling due after one year 2023 £ Loans - - 8 Analysis of assets and liabilities representing each of the charity's funds 2022 2023 2023 Balance b/f Unrestricted Restricted £ £ £ Tangible fixed assets 1,153 - - Current Assets 336,367 177,867 - Current Liabilities (creditors) (3,603) (5,700) - Reserves accumulated 333,917 172,167 - |
2022 £ - 3,603 3,603 2022 £ - - Total 2023 £ - 177,867 (5,700) 172,167 |
|---|---|
Please see detailed income and expenditure statement for restricted and unrestricted income and expenditure analysis.
9 Controlling party and related parties
The directors/ trustees have control of the company/charity. There were no related parties.
10 Other information
SHARING VOICES (BRADFORD) is a private company limited by guarantee and incorporated in England. Its registered office is: 10 Mornington Villas, Bradford, West Yorkshire, England, BD8 7HB
11 Going concern
The company has sufficient cash at bank and has raised further funds since the year end, which provide adequate resources to finance committed development programme, along with the day to day operations. The trustees monitor the expenditure level and adjust development expenditure to ensure that expenditure is only incurred when sufficient funds are available to cover payments as they fall due. On this basis, the trustees have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being a period of twelve months after the date on which this report and financial statements are signed. For this reason, it continues to adopt the going concern basis in the financial statements.
12 Winding up or dissolution of the company/charity
If the charity were to be dissolved or wound up the trustees would pass any net assets to similar organisations and deserving causes.
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SHARING VOICES (BRADFORD)
SHARING VOICES (BRADFORD) Charity number 1112686 Detailed income and expenditure account for the year ended 31 March 2023 This schedule does not form part of the statutory accounts
| Income Better start project Bradford city council CABAT Cycling projects NHS commisioning Other donations Less: Cost of generating income Other direct costs User activities, events and materials Less Administrative expenses Employee costs: Wages, employer ni, pensions and remunerations Staff recruitment, training and welfare Motor and travel expenses Premises costs: Rent and room hire Rates and water Light and heat Cleaning and service charges General administrative expenses: Telephone and fax Stationery, software and printing Subscriptions Bank and card machine charges Insurance Equipment hired and expensed Software and IT Repairs and maintenance Depreciation Sundry expenses Legal and professional costs: Accountancy fees Audit fees Solicitors fees/ other legal Consultancy fees Advertising and PR Total administrative expenses Surplus/ (deficit) for the financial year |
Unrestricted Restricted Total 2023 2023 2023 £ £ £ - 43,784 43,784 100 - 100 60,000 - 60,000 - 30,799 30,799 - 200,000 200,000 3,224 - 3,224 63,324 274,583 337,907 - - - - 38,680 38,680 - 38,680 38,680 28,220 357,717 385,937 - 3,445 3,445 - 2,290 2,290 28,220 363,452 391,672 29,338 - 29,338 688 - 688 5,626 - 5,626 - 3,879 3,879 35,652 3,879 39,531 5,720 - 5,720 941 - 941 1,680 - 1,680 1,097 - 1,097 2,405 - 2,405 - - - 9,656 - 9,656 409 - 409 1,153 - 1,153 500 - 500 23,561 - 23,561 5,125 - 5,125 - - - 1,091 - 1,091 - - - - - - 6,216 - 6,216 93,649 367,331 460,980 (30,325) (131,428) (161,753) - |
Total 2022 £ 40,842 - 37,968 15,170 115,235 10,996 220,211 - 50,657 50,657 499,597 22,697 455 522,294 27,052 1,850 4,972 5,176 39,050 6,556 15,438 1,861 2,047 2,337 3,034 7,637 2,996 2,273 - 44,179 3,898 1,520 6,761 100 861 13,140 618,663 (449,109) - |
|---|---|---|
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