COMPANY REGISTRATION NUMBER: 6370028 CHARITY REGISTRATION NUMBER: 1135599 BRADFORD & DISTRicf COMMUNITY EMPOWERMENT NETWORK UMITED (A company limited by guarantee) REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
BRADFORD & DISTRicf COMMUNITY EMPOWERMENT NETWORK LIMITED Company Infomiatlon Dlrectors/Trustees P James {Chair)- reslgned 20 June 2023} H Ha5anlChair, w.e.f. 20 June 2023) P Bloom {Treasurerl J Scott P Tate A Perveen {resSgned 20 June 2023) H Naib A15mall S Zamir S Ahmed (appolnted 4 October 20221 Prlnclpal Staff - Chief Executive-j Khan Accountants Abbas & Co Accountants Limited 11 Ha Ilfield Road Bradford West Yorkshire 8DI 3RP Banker5 Unity Trust Bank Nine Brlndleyplace 4 Oozells Square Birmlngham BI 2HB Reglstered Offlce 1st Floor 10 Mornington Villas Bradford West Yorkshire BD87HB Company Regi5tratlon Number 6370028 Charlty Registratlon Number 1135599
Bradford & D15trlct Community Empowerment Network Limlted Report of the Trustees/Dlrectors for the year ended 31 March 20241conVd) The trustees are pleased to present their annual dlrector5' report together with the financial Statements of the charity for the yearendlng 31 March 2024 which are also prepared to meet the requirements for a dlrectors, report and accounts for Companies Act purpose5. The financial statements comply with the Charitles Act 2011, the Companie5 Act 2006, the Memorandum and Artlcle5 of Association, and Accounting and Reporting by Charltles: Statement of Recommended Practice applicable to charities preparing thelr accounts in accordance with the Flnanclal Reporting Standard appllcable in the UK and Republic of Ireland IFRS 1021 (effective l January 20151. Chalrfs Report As Chair, firstly I would like to thank all our CNet staff and our Chief Executlve, Javed Khan for taklng CNet to a level that one could be proud of desplte the challenges all alon8 thi5 year and last year due to the restraint budget set for the activitie5. CNet aims 15 to empower communltles across Bradford & Dlstrlct by supporting the communlty and this mission is based on the Quality and Professionallsm CNet has shown and proven and to ensure to dellver thelr best all along. I belleve the greatest contrlbution to CNet development for future expansion and growth Into an even better com- pany• is not only the knowledge, abilities and experience of the members of the Board of Dlrectors, It is also the ability to speak out and perform their dutie5 from various perspective5, born out of diverslty in terms of career background. As the Chalrman of the Board,15eek to ensure that member5 respect and listen carefully to one an- other and that all members are free to express their oplnlons wlthout prejudice. I run meetings of the Board of Dlrectors so that member5 can exchanBe questlons and oplnions. Looklng back, CNet has a long-standlng culture of encouraging free and open discu55ion among employees. I belleve enablln8 each member to express a wide arrav of oplnlons and engage In Ilvely discussion based on hls or her own knowledge and experience Is essentlal to the decision-makln8 process at Board meetSn8s. As Chairman of the Board, I will work to cultivate even more lively deliberatlons so that the Company can swIftIy make the best posslble declslons and actively contribute to the lon8-term, sustalnable enhancement of CNet. Hav- in8 analysed and evaluated the responses, we confirmed that, generally the company's Board Is functionlng appro- priatelv. All projects under CNet for 2023 14 ha5 achleved Its target and has been working endlessly towards the next year target and activities. Detai15 of the projects Is as per the annual financlal report In place. CNet staff ha5 worked dS1igently across the board to fulfil the obllgatlon to support groups and indivlduals worklng for a better Bradford. The Board members work wlth all mernber5 of staff, offerlng support when and where needed by listening to new idea5. We work as a team effectfvely and efficiently. We are open to Ideas and Is readyto take on whatever necessary to flourish and expand the successful role in this District, working with partner or8anisation5 for the benefit of all people and organi53tlon5 who needed CNet help, support and expertise. l am very proud to be their Chairman and to be able to work with such an outstandln8 Staff and Board Member5. There will be more challenges moving forward but wlth proper plann5ng and attitude CNet wlll achieve Its goals. Finally, on behalf of the Board, I would again like to thank all of our amazing staff and people across the business for all of their commitment and hard work durin8 the year and we wlll continue to work on further improvement 80ing forward. Hazlin Ha5an (Ch
Bradford & Dlstrlct Community Empowerment Network Llmited Report of the Trustees/Dlrectors for the year ended 31 March 2024 Icont'd) Structure• governance and management Bradford & District Community Empowerment Network Limited is a company limited by guarantee and a registered charity. It is governed by its Memorandum and Articles of Association. It Is a membership or8anisatlon and its Directorsnrustees are elected by members in accordance with the procedures set out In the Artlcles of Association. Directors/Trustees should, wherever possible, add to the skills of the Board as a whole. The charlty has in place a procedure and process for the inductlon and training of new Dlrectors/Trustees which includes detailed brieflngs on their legal obllgatlons as Dlrectors and as Trustees, Charity Commlsslon advice and guldance, existing decislon maklng proce55es, familiari5atlon with the current business plan and the financial position of the charity and visiting the charity's premises to meet other DlrectorslTrustees and key members of staff. Objectlves and actlvltles Our purposes The principal purposes of the charlty are to develop the capacitles and skills of members of the comrnunity {particularly those who are deprived or excluded) in such a way that they are better able to Identify and meet their needs, en8a8e wlth public dec15ion makin8 and to partlclpate more fully Sn Society and to promote and support public dec15ion making in the provision, Improvement or maintenance of public amenltles, In shaplng our objectlves and plannin8 our activities for the year, the trustees have had regard to the Charltv Commlssion's guidance on publlc benefit, including the guldance 'publlc benefit: running a charlty (PB2)'. Maln Actlvltles Support lrnpmvement Programme (SIP)- CNet is the lead or8anlsatlon supporting the co-ordlnation of the buslness SU5tainabillty lot of the councll's wider Infrastructure Support Improvement Programme. Network Central partners are the Race Equality Network and lrnpact Hub. The first task wa5 taking over the facilitation and admlnlstration of the Local Community Support Grant5 (forrnerly Day Opportunities). The grants support projects for older people and people with learnlng disabilities. The total value of all application5 made was £1.9Z5,745 89 orBanisatlons applled to deliver 206 projects across the district 139 projects across 75 organisations were funded A total of £1,338,344 was award to successful appllcants per year for 2 years The funds were allocated across the dlstrict, we achieved a falr balance of both geographlc and community of Interest spread. The were a number of new projects and contlnuatlon of some existing ones. Some 8roups offered to merge project5 which allowed the funds to stretch further and benefit more people, Cltlzens Engagement- Part of the SIP contract we are worklng With Hale as the lead to support engagement with the communities of Bradford Dlstrlct and Craven using ABCD approaches, building on existlng strengths of people and with communities. To delivering Information In a balanced way to support people and comrnunities to make declsions for themselves. The Bradford Dlstrlct Frlendshlp Grants scheme is funded by Bradford Council to help community groups wlthln the Bradford Dlstrict to support people living wlth dementia and/or 5ens0ry impairment to Ilve Independently, build friendship5 and be enga8ed with their local community. CNet has been facilitating the grants on behalf of Bradford Council since April 2023. Up to March 2024 there were two round of grants, each taklng appllcatlons for projects from £500 to £2,000. Amounts awarded in each round were:
Bradford & Distrlct Community Empowerment Network Limited Report of the Trustees/Dlrectors for the year ended 31 March 2024 {conVd} Round I £22,511.37 in total Dementia: £9.463.80 Sen50ry Impairment: £13,047.57 Round 2 E30,390,00 in total Dementia: £20,221.00 Sensory Impairment: £10,169.00 Projects funded have included a sensory meadow for people with vlsual Impalrment, dementla awareness events for communltles of Interest, and interactlve muslc sessions. West Yorkshlre Comblned Authorltvs Thlrd Sector Advlsory Group: We promote the work of the offlce around the 8radford Dlstrlct and also regularly organlse and run events highlighting155ues and priorities Identified Sn the Police & Crime plan. Thls done by Invitin8 member5 of groups and organisatlons across the district to hear speakers who are connected to organisations worklng In the partlcular highlighted area of work, speak about their work and thls Is followed by discusslon5 to Identify any gaps, to encourage networklng and plan how to work tO8ether more effectively. We also worked with a number of focus group5 to IdentSfy current and lon8.term issues affectin8 communlty safety In the Bradford district. The Vlolence Redurtlon Unlt (VRU) - a Series of 'How To, booklets were created and published. In addltlon to the three prevlous booklet5, a further two booklets have been produced and released this year on 'How to Campaign & Lobby, and 'How to Or8ani5e an Event, as well as tralnlng sesslons to go alongside them. Achlevements and Performance The company has successfully managed the grant makin8 activities for and on behalf of the councll, co-deslgnin8 and co-produclng the process worklng alongside commissioners. We have run a 5erie5 of communlty development and health initiatives. We have designed. developed and delivered communlty engagement and interventions for a number of projects, developlng our partnershlp offer. We have promoted our servlces on our website and increased our usage of social media which has increased our profile. The director5 believe that the company ha5 performed well given the changes In contracts. The company has worked hard to create a sound foundation for it to continue to develop and where opportunitie5 arise to expand the range and diver51ty of its offer. We have, In line with our reserves policy, bullt 5ufflclent reserves to sustaln us for an acceptable perlod of time. Plans for future perlods The trustees alm to contlnue to develop the work of the organisation through exploring a number of proposals around community development, Grant giving and sustalnabillty. The organlsatlon is expectlng a dlmlnutlon In the amount of grant monies received over the next year. However, we have considerably reduced our operational c05tS and are prudent with our expenditure. We have had to make staffing and structural changes to the or8anisatlon in line with the new contractual and financial constralnt5, We wlll contlnue to explore and pursue new opportunitie5 as and when they arise.
Bradford & Dlstrlct Communlty Empowerment Network Llmited Report of the Trustees/Dlrectors for the year ended 31 March 2024 {conVd) Flnanclal Review The statement of financial affairs show5 total income of £371,151, a decrease of 41.5% on the previou5 year, and tot31 expenditure of £288,408, a decrease of 45.8%, resulting in a surplus of £28,743, compared with a surplus of £10,629 for 2021-22. The decreases in income and costs were affected by reductlons In grant income and grants paid Of £226,776, followlng the decision by the local Council to take grant payments Sn house, whilst outsourcin8 thelr admin15tratlon. The trustees contlnue to seek to 5U5taln the flnancial position of the organisation by attracting funding from non-traditional funders to offset the potentlal reductlon In funding from central and local government, wh115t malntalning its Stated purposes and objectlves. Reserves Pollcy In accordance wlth the Charity Commission Guidance, the trustees have considered the reserve needs of the charity and have established a pollcy whereby unre5trlcted funds neither committed nor Invested In flxed assets (free unrestrlcted reserves) should equate to 6 (2023 31 months of total expenditure (excluding grants paSd> plu5 statutory redundancy and notlce perlod costs. At 31 March 2024, free unrestricted current reserves totalled £303,640. After deducting the costs of statutory redundancy and notice costs1£137,231), the remalnlng reserves represent 7,0 months12022 - 5.8 months) of total expenditure lexcludlng grants paldl for the year. The trustees wlll contlnue to seek to malntaln the achlevement of the pollcy target. Investment Pollcy and Objectlves The uncertalnty surrounding future fundlng precluded a long terrn investment pollcy in prevlous year5. Durlng 2018-19, the Trustees Invested part of Its reserves in a Building Soclety deposlt account as a short term investment and a slmllar amount In the COIF Charltles Investment Fund as a medium to lon8 term Investment whllst retaining the equlvalent of three month's costs In Its current account as worklng capltal. In 2020-21, the charlty topped up Its Investments to the maximum covered by the Bank Guarantee and made a further, slmllarly slzed Investment, of a short temi nature, In a bank deposit account, whilst maintalnlng the equlvalent of three month's COSt5. In 2023- 24, part of the medium to long term Investment was redeemed to provide fund5 to malntain future liquldlty INote 11 in the financial statements refer5) Golng concern The or8an15atlon's budget for 2024-25 shows a deficit Position based on current contracted funding. The Trustees have authorised the use of a consultancy to asslst Sn addresslng the position, through provldlng addltlonal bld writing capaclty as well as carryin8 Out a review of the charitls existinE bu51ness, organlsatSon and governance. In the contlnulng dlfflcult economlc climate that is affectlng most small charities, it is posslble that funding may not be able to be secured golng forward, In whlch case the charlty would have to utilise its reserves, scale down or cease its activlties. The trustees and staff are fully aware of this, are maklng every effort to source new fundlng streams and are confident that these can be achleved. The accounts, therefore, have been prepared on a 80in8 concern basls. Rlsk Management The director5 have a duty to Identlfy and revlew the rlsks to which the company Is exposed and to ensure appropriate controls are in place to provlde reasonable assurance against fraud and error. The dlrectors regularly review the flnancial, business and operational risks which face the organisation and ensure that strategies are in place to deal wlth them.
Bradford & Dlstrlct Community Empowerment Network Limited Report of the Trustees/Directors for the year ended 31 March 2024 (convd) Statement of responslbllities of trustees Company law requires the trustees to prepare financial statements for each flnanclal year whlch glve a true and falr view of the state of affairs of the company as at the end of Its financial year and of the surplus or deficlt of the company for that period. In preparing the financial statements, the trustees are required to: Select suitable accountancy pollcies and then apply them consistently Make judgements and estimates that are reasonable and prudent Prepare the financial statements on the golng concern basi5 unless It Is Inapproprlate to presume the company will continue In business The trustees are responsible for keepin8 proper accountlng records whlch disclose with reasonable accuracy at any tlme the financial position of the company and to enable them to ensure that the flnanclal statements comply with the Companie5 Act 2006. They are also responsible for safeguarding the asset5 ofthe company and hence for taking steps for the prevention and detectlon of fraud and other irregularities. Statement of dlsclosure of Informatlon to Independent examlners The trustees of the company who held office at the date of approval of thls annual report confirm that: So far as they are aware, there is no relevant information needed by the compan15 independent examlners In connectlon wlth the preparation of their report, of whlch the company's Independent examiners are unaware, and They have taken all steps that they ou8ht to have taken as trustees in order to make themselves aware of any relevant Information and to establish that the comp3n¢s independent examlner5 are aware of this information. The company has taken advantage of the small companles, exemptlon In preparln8 the report above The trustees declare that they have approved the Trustees, Report lincludlng Dlrectors, report) above. Signed on behalf of the charity's trustees/directors Haslin Hasan- Dlrector/Tru5tee Ichalrl 19th September 2024
BRADFORD & DISTRICT COMMUNITY EMPOWERMENT NETWORK LIMITED Independent Examlnerfs Report to the dlrectors of Bradford & Dlstrfct Communlty Empowemient Network Llmlted on accounts far the year ended 31 March 2024 Respectlve responslbllltles of trustees and examlner The trustees (who are a150 the director5 of the company for the purposes of company law) are responsible for the preparatlon of the accounts, The charitls trustees consider that an audit is not required for this year under sectlon 144 of the Charitles Act 2011 (the Charitles Act) and that an independent examinatlon 15 needed. The charity's gross income exceeded £250,000 and l am qualified to undertake the examlnatlon by belng a qualified member of Certifled Publlc Accountants Assoclation, It is my responsibility to: Examine the accounts under section 14S of the Charitles Act, Follow the procedures lald down in the general Dlrectlons glven by the Charity Commlssion (under section 14515}{bl of the Charities Act, and to State whether partlcular matters have come to my attention. Basls of Independent examlnerfs statement My examination was carrled out In accordance with 8eneral Directions 8iven by the Charlty CommSssion. An examlnation includes a review of the accountlng records kept by the charity and a comparison of the account5 presented wlth those record5. It also include5 conslderatlon of any unusual Items or dlsclosures Sn the accounts, and seeklng explanatlons from the trustees concernin8 any such matters. The procedure5 undertaken do not provide all the evidence that would be requlred In an audlt, and consequently no oplnlon Is glven as to whether the accounts present a 'true and falrf vlew and the report is limited to those matters set out in the statement below. Independent examlnerfs ststement In connection with my examination, no matter has come to my attention to Indicate that: Accounting records have not been kept In accordance wlth sectlon 386 of the Companies Act 2006; The accounts do not accord with such records: • where accounts are prepared on an accrua15 ba515, whether they fail to comply with relevant accounting requirements under section 396 of the Companles Act 2006, or are not con5i5tent wlth the Charltie5 SORP IFRS1021 Any matter whlch the examlner belleves should be drawn to the attention of the reader to galn a proper undefstandln8 of the accounts. Abbas & Co Accountants Llmlted I l Hallfield Road Bradford BDI 3RP 19 September2024
BRADFORD & DISTRicf COMMUNITY EMPOWERMENT NETWORK LIMITED STATEMENT OF FINANCIALACTIVITIES (Including Income and Expendlture Account) FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Funds Restrlcted Funds Total 2024 Total 2023 Note Income from Charltable activlties Interest received Other Income Total Income 42,647 31,531 5,813 79,991 237,160 279,807 31,531 5,813 317,151 536,897 3,388 1,577 541,862 237,160 Expendlture on Grant payments Charitable activlties 4,455 232,705 4,455 282,819 1,134 288,408 231,231 299,217 775 50,114 1,134 51,248 Support costs Total Expendlture Net income and net movement in funds Total funds brought forward Total funds carrled forward 237,160 531.223 28,743 274,897 303,640 28,743 274.897 10,639 264,258 274,897 303,640 The statement of financial actlvlties includes all gains and losses recognised in the year. All income 3nd expenditure derive from contlnulng actlvltles.
BRADFORD & DISTRICT COMMUNITY EMPOWERMENT NETWORK LIMITED BALANCE SHEET 31 MARCH 2024 2024 2023 Notes Fixed Assets Tan8ible a55ets Investment Current assets Debtors 10 11 3,526 32,653 4,395 85,000 12 116,243 184,989 23,838 241,645 265 483 Cash at bank and in hand 301232 Creditors: amounts falllng due wlthin one year 13 33,771 79,981 Net current asset5 267,461 303,640 185,502 274,897 Total net assets Funds of the charity Restricted income funds Unrestrlcted fund5 14 303,640 303,640 274,897 274,897 Total funds The company was entitled to exemption from audit under sectlon 477 of the Companies Act 2006 relating to Small companles. The members have not requlred the company to obtaln an audlt In accordance wlth sectlon 476 of the Companles Act 2006. The dlrectors acknowledBe thelr responsibilities for complyin8 With the requirements of the Companie5 Act 2006 with respect to accounting records and the preparation of the accounts, These accounts are prepared In accordance with the provisions applicable to companles subject to the small companies regime and In accordance with FRS 102 SORP. The notes on pages 11 to 18 form part of these accounts Name: Hazlin Hasan Chair of Trustees on behalf of the tru5tee5 Approved by the trustees on 19 September 2024 io
BRADFORD & DisTricf COMMUNITY EMPOWERMENT NEfwoRK LIMITED STATEMENT OF CASH FLOWS for the year ended 31 March 2024 2024 2023 Cash used In operatlng actlvlties- Note 16 {109,0031 1134,615} Cash flows from Investlng actlvltles Purchase of tangible assets Redemption of investment {284) 52,347 Cash provlded by (used In) Investlng actlvltles 52,347 {284) Cash used In financlng actlvltles Increase Idecreasel In cash or cash equlvalents In the year Cash and cash equivalents at the beginning of the year Total cash and cash equivalents at the end of the year 156,6561 241,645 184,989 {109,0031 376,544 241,645 11
BRADFORD & DISTRICT COMMUNITY EMPOWERMENT NEfwoRK LIMITED NOTESTO THE ACCOUNTS For the year ended 31 March 2024 l Accountln8 Pollcles No changes have been made to the accounting policies and accounting estimates initially adopted for the financial year ended 31 March 2024. No materlal prior year errors have been identlfled in the reporting perlod. The principal accountlng policies adopted, judgements and key sources of estlmatlon uncertalnty In the preparatlon cf the financlal statements are as follows: al Basis of preparatlon The flnancial statements have been prepared in accordance wlth Accounting and Reporting by Charities: Statement of Recommended Practice applScable to charities preparing thelr accounts In accordance with the Financlal ReportlnE Standard applicable in the UK and Republlc of Ireland IFRS 102) li55ued on 16 July 2014)- {Charitie5 SORP IFRS 10211. with the Flnanclal Reportlng Standard applicable in the UK and Republlc of Ireland (FRS 102) and with the Charitles Act 2011. Bradford & District Community Empowerment Network Llmlted meets the deflnStion of a public benefit entity under FRS 102. Assets and Ilabllltle5 are Inltlally recognlsed at hlstorlcal cost or transactlon value unless otherwise stated in the relevant accounting pollcy notels). bl Reconciliatlon wlth previous Generally Accepted Accounting Practlce In preparing the accounts, the trustees have consldered whether In applylng the accounting policies requlred by FRS 102 and the Charitles SORP FRS 102 the restatement of comparatlve Items was requlred. No restatements were required. c) Preparation of the account5 on a going concern basls Although the company reported a cash outflow of £ for the year, prlnclpally due to a large reductlon In deferred income, the trustees are of the vlew that the immediate future of the company is secure and on that basis the company is a going concern. The ongoing uncertainties applying in the charity sector- the reductions in fundlng avallable to local authorities, the potentlal economic effect5 of natlonal polltlc31 and economlc deci5ion5 on the availability of future funding and the consolldatlon wlthln the sector- have been reviewed and quantifled as accurately as Is currently posslble and action plans have been formulated to mitigate their effects and ensure the securlty of the charlty. dl Income Income is recognised when the company has entitlement to the funds, any performance condltions attached to the itern(51 of incorne have been met, It Is probable that the Income will be received and the amount can be measured reliablv. Income from government and other grant5, whether 'capital' grants or 'revenue' grants, Is recognised when the company has entitlement to the funds, any performance conditions attached to the grants have been met, It is probable that the income will be received and the amount can be measured reliably and is not deferred. Income recelved In advance is deferred until the criteria for Income recognitlon are met. e) Interest recelvable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company: this Is normally on notification of the interest paid by the Bank. Fund accounting Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Restricted funds are Brants which the grantors have specified are to be solely used for particular areas of the charity's work or for speclflc activities undertaken by the charity. 12
BRADFORD & DISTRICT COMMUNITY EMPOWERMENT NEfwoRK LIMITE,D NOTES TO THE ACCOUNTS (convd) For the year ended 31 March 2024 gl Expendlture and unrecovered VAT Expenditure Is recognised once there is a legal or constructive obligation to make a payment to a third party, it 15 probable that settlement will be required and the amount of the obligatlon can be measured reliably. Expenditure on charltable activltles Includes all actlvltles undertaken to further the purp05e5 of the charity and thelr associated 5UPPOrt costs. Irrecoverable VAT Is charged as a cost agalnst the activity for whlch the expenditure was incurred. h) Operating leases The company classifies the lease of prlnting and other equlpment as operatlng leases; the title to the equipment remalns wlth the le550r. Rental charge5 are charged on a straight Ilne basls over the term of the lease. 11 Tanglble flxed a55ets Individual fixed assets are capltallsed at cost and are depreclated on a reducing balance basls over their estimated Useful economlc lives on the followlng bases: Land & Buildin85 Plant & Machinery 15% of reduclng balance 20% of reducing balance jl Debtors Trade and other debtors are recognlsed at the net settlement value. Prepayments are valued at the net prepaid amount, k) Cash at bank and in hand Cash at bank and In hand Includes cash and current account balances. l} Creditors and prov151ons Credltors and provision5 are recognlsed when the company has a present obllgation resulting from a past event that will probably result In the transfer of funds to a thlrd party and the amount due to settle the obligation can be measured or e5tlmated rellably, Creditors and provisions are normally recognised at their net settlement value. m) Flnancial instruments The charity has no Pinancial Instruments and financSal liabilities. n) Transitlon to FRS 102 No restatement of items has been requlred In maklng the transitlon to FRS 102. The transition date was l April 2014. ol Volunteers The charity benefits greatly from the involvement and enthu5ia5tic support of many volunteers, detalls of which are given In the annual report. In accordance wlth FRS 102 and the Charltles SORP IFRS 102), the economic contribution of 8eneral volunteers is not reco8ni5ed in the accounts. 13
BRADFORD & D15TRicf COMMUNITY EMPOWERMENT NETWORK LIMITED NOTES TO THE ACCOUNTS (convd) For the year ended 31 March 2024 Z. Income from charltable actlvltie5 Unrestricted Fund5 Restricted Funds Totsl 2024 Total 2023 Big Local Health Action12023 NHS Bradford BYDP Inspired Nelghbourhoods Bevan Trust Mind in Bradford WY Comblned Authority West Yorkshlre PCC 12,307 19,737 12,307 21,479 58,060 26,083 3,593 4,000 4,000 62,284 25,405 1,913 351,559 1,742 759 13,364 759 14,764 1,400 Bradford M.B.C 39,S05 190,993 230,498 42,647 237,160 279,807 536,897 3. Other Income 2024 2023 Room Hlre 4. Grant payments Grant payments are made by the company under commlsslons from external funders 2024 2023 CBMDC- ASB Grants12023- Mental Health, Growin8 and ASB grants) 4,455 231.231 4,455 231,231 14
BRADFORD & DISTRICT COMMUNITY EMPOWERMENT NETWORK LIMITED NOTES TO THE ACCOUNT5 (convd) For the year ended 31 March 2024 5. Total resources expended Charitable activity Govern- Total 2024 Total 2023 ance Direct costs Wages & Salarles Staff Training Project costs Travel and venue hlre Rent. rate5 and Insurance General Expenses Repairs and maintenance Telephone Computer software and maintenance Prlntlng, postage and stationery Promotlon and publicity Accountancy fee5 Consultancy costs Legal fees Bank Charge5 Depreclatlon 174,941 389 57,764 3,033 27,960 1,336 1,601 1,177 6,166 2,276 174,941 389 57,764 3,033 27,960 1,336 1,601 1,177 6,166 2,276 187,999 68,457 2,934 24,069 963 968 2,261 5,188 2,166 143 1.940 1.775 3,400 1,775 3,400 900 145 132 132 869 869 1,084 299,217 282,819 282,819 Support costs Trustee travel relmbursements 54 54 62 Independent examlnerfs and fllin8 fees 1,080 1,134 1,134 1,080 1,134 283,953 232,705 713 775 299.992 282,819 232,705 Restrlcted resources expended 259.227 Unrestricted resources expended 50,114 1,134 51,248 40.765 282,814 1,134 283,953 299,992 6. Trustees remuneratlon Expense5 were reimbursed to I trustee during the year amountlng to £54 (2023- 1 trustee £621. 7. Total expenditure Total expenditure includes the following item5: 2024 2023 Independent examlnee5 and filing fees 1,080 713 Depreciation of owned assets 869 15
BRADFORD & DISTRicf COMMUNITY EMPOWERMENT NETWORK LIMITED NOTES TO THE ACCOUNTS (convd) For the year ended 31 March 2024 8. Employees remuneratlon During the year the company operated a money purchase pension scheme through 5cottlsh Equitable. Employees contract directly with the insurance company. The company makes a contribution of 5.5% of salary. One employee was a member of the scheme throughout 2023-2412022-23- one). During the year, the company also operdted a money purchase penslon wlth NEST to all employee5 quallfylng for automatlc Enrolment. There are five member5 of the Scheme (2022-2023- flvel. The company makes contfibutlons In line wlth statutory rates {3% from l April 2019). The average number of employees durlng the year was.. 2024 Nos. 2023 Nos. Charitable activities staff costs for the year were: 2024 2023 Wages and salaries Social securlty costs Penslon costs Staff health scheme 160,360 9,458 4,626 497 171,912 10,940 4,398 749 174,941 187,999 No employee recelved employee beneflts lexcludlng employer penslon costs) for the reportlng perlod of more rhan £60,000. The Chlef Executlve officer and the Development Manager are deemed the senior employee5 of the company and their combined employee benefits for the year were £88,26112022-23 £89,995) 9. Taxatlon The company is exempt from tax on income and gains falling wlthln sectlon 505 of the Taxes Act 1988 or sectlon 252 of the Taxatlon of Chargeable GaSn5 Act 1992 to the extent that these are applied to its charitable obJects. 16
BRADFORD & DISTRICT COMMUNITY EMPOWERMENT NETWORK LIMITED NOTES TO THE ACCOUNTS (convd) for the year ended 31 March 2024 10. Tanglble flxed assets Land & Plant & Machlnery 8ulldln8S Total Cost As at April 2023 Additions for the year As at 31 March 2024 Depreclatlon As at April 2023 Charge for the year As at 31 March 2024 853 23,609 24,462 853 23,609 24,462 655 30 685 19,412 839 20,251 20,067 869 20,936 Net Book Value A5 at 31 March 2024 168 3,358 4,197 3,526 4,395 As at 31 March 2023 198 11. Investment The charlty holds 189.9112023- 494.351 Accumulatlon Unlts In the COIF Charities Investment Fund as a medlum to lon8 term investment. During the year, 304.44 unit5 were sold to provlde funding for the charlty In future years. The market vali at 31 March 2024 was £47,98412023 - £113,166). 12. Debtors 2024 2023 Income due 116 243 13. Credltors: amounts falllng due wlthin one year 2024 2023 Accruals and deferred Income 33,771 79.981 17
BRADFORD & D15TRicf COMMUNITY EMPOWERMENT NETWORK LIMITED NOTES TO THE ACCOUNTS {conVd) for the year ended 31 March 2024 14. Analysls of funds Ati Incomlng re50urce5 Resources At31 Apr-23 expended Mar-24 General funds Unrestricted income fund Restrlcted funds Bi8 Local Health Actlon Bradford Councll Mlnd in Bradford West Yorkshlre Combined Authorlty Total restrlcted funds 274,897 79,991 -51,248 303,640 12,307 19,737 190,993 759 13,364 237,160 317,151 -12,307 -19,737 -190,993 -759 -13,364 -237,160 -288,408 Total funds 274,897 303,640 15. Analy515 of net assets between funds Unrestrl¢ted Funds Total 2024 Total 2023 Tanglble assets Investment Current asset5 Creditor5: amount5 falllng due within one year Net assets 3,526 32,653 301,232 3,526 32,653 301,232 4,395 85,000 265,483 {33,7711 303,640 {33,771 303,640 (79,9811 274,897 16. Reconclllatlon of net movement in fvnds to net cash flow from operatlng actlvltle5 ZOZ4 2023 Net movements on funds Add back depreciation charge Ilncreaselldecrease in debtors Increase/ldecrease) in credltors Net cash used in operatlng actlvltle5 28,743 869 (92,4051 (46.2101 1109,0031 10,639 1,084 117,9591 {128,3791 {134,6151 18
- Member5, Ilablllty Bradford & Dlstrlct Community Empowerment Network Limited is a company limited by guarantee and ha5 no share capital. In the event of the charity being wound up. the liabllity of the guarantee is Ilmlted to £1 per member of the charity. 19