2023-03-31-accounts

		Page
Trustees' report		1-4
Statement of trustees'	responsibilities
Independent auditor's	report	6-8
Statement offinancial	activities
Balance sheet		10
Statement ofcash flows
Notes to the financial	statements	12 - 22

The trustees, who are also the directors for the	The trustees, who are also the directors for the	The trustees, who are also the directors for the	purpose ofcompany	purpose ofcompany	law, and who served	during	the year and up to
the date ofsignature		ofthe financial statements	were:
Mary Dowson
Adeeba Malik CBE
Sabbiyah Pervez
Nicola Greenan			(Resigned	1 February 2023)
Stuart McKinnon-Evans
Mohammed Kamran
Shanaz Gulzar			(Resigned	17August 2022)
Richard Emmott			(Resigned	26 July 2022)
Brendan Brown			(Resigned	17August 2022)
Melany Pickup			(Appointed	17	February 2023)
Armoghan Mohammed			(Appointed	12	May 2023)
Alex Hudson			(Appointed	12	May 2023)
Kersten England	CBE		(Appointed	14	October 2022)
Sasha Bhat			(Appointed	31	March 2023)
Phil Batty OBE			(Appointed	31	March 2023)
Debra Jukes			(Appointed	31	March 2023)
Carol Dewhurst	OBE		(Appointed	31	March 2023)
Ruth Ibegbuna			(Appointed	10	October 2023)

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
		Notes	2023 f	2023 f	2023 f	2022	2022f	2022f
Income from:
Donations and
legacies		3	1,000,000	386,753	1,386,753	794,481	104,571	899,052
Charitable activities		4	115,083		115,083	97,750		97,750
Total income			1,115,083	386,753	1,501,836	892,231	104,571	996,802
~E* de
Charitable activities		5	598,010	290,317	888,327	593,754	104,571	698,325
Net income for the yeari
Net movement	in funds		517,073	96,436	613,509	298,477		298,477
Fund balances at 1 April
2022			298,477		298,477
Fund balances	at 31
March 2023			815,550	96,436	911,986	298,477		298,477

				2023		2022
			Notes	f		f.
Fixed assets
Tangible assets			10		15,664		470
Current assets
Debtors				272,123		41,258
Cash at bank and	in	hand		827,747		284,901
				1,099,870		326,159
Creditors: amounts		falling due within
one year			12	(203,548)		(28,152)
Net current assets					896,322		298,007
Total assets less	current liabilities				911,986		298,477
Income funds
Restricted funds			14		96,436
Unrestricted funds					815,550		298,477
					911,986		298,477

					2023			2022
				Notes	f		f
Cash flows from operating			activities
Cash generated		from/(absorbed by)		19
operations						559,550			(216,841)
Investing	activities
Purchase	oftangible fixed assets				(16,704)
Net cash	used	in investing	activities			(16,704)
Net cash	used	In f/nancing	activities
Net increase/(decrease) in			cash and	cash
equivalents						542,846			(216,841)
Cash and	cash	equivalents	at beginning	ofyear		284,901			501,742
Cash and	cash	equivalents	at end of	year		827,747			284,901

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2023 f.	2023f	2023f	2022f	2022 f	2022f
	Donations and gifts					32,500		32,500
	Listed below		1,000,000	386,753	1,386,753	761,981	104,571	866,552
			1,000,000	386,753	1,386,753	794,481	104,571	899,052
	Grants receivable for
	core activities
	City of Bradford
	Metropolitan District
	Council		1,000,000	360	1,000,360	761,981	51,403	813,384
	Bradford School	ofArt		160	160		900	900
	Morrisons Foundation						12,535	12,535
	Fountains Church
	Bradford						400	400
	The Department	for
	Digital, Culture, Media
	and Sport			274,938	274,938		39,333	39,333
	British Council			89,000	89,000
	Community Action
	Bradford 8 District Ltd			22,295	22,295
			1,000,000	386,753	1,386,753	761,981	104,571	866,552
4	Charitable activities
			Unrestricted	Restricted	Total	Unrestricted	Restricted
			funds	funds	2023	funds	funds
			2023	2023		2022	2022	Total
								2022
					E	f	E
	Bid Sponsorship		115,083		115,083	97,750		97,750

				2023f	2022 f
Staff costs				304,793	210,852
Bid Preparation and Delivery				230,464	125,941
Marketing		and website		86,540	81,385
Programme		development		221,751	244,708
				843,548	662,886
Share of	support costs (see note 6)			39,779	33,039
Share of	governance		costs (see note 6)	5,000	2,400
				888,327	698,325
Analysis	by fund
Unrestricted		funds		598,010	593,754
Restricted		funds		290,317	104,571
				888,327	698,325

Support	costs
		Support	Governance	2023	Support	Governance	2022
		costs	costs		costs	costs
		f	f		f	f
Depreciation		1,510		1,510	295		295
Building costs		4,461		4,461	4,624		4,624
insurance		555		555	1,061		1,061
Payroll and bookkeeping		2,459		2,459	4,015		4,015
Offic Costs		23,349		23,349	16,122		16,122
Staff training		935		935	1,300		1,300
Travel		4,419		4,419	5,369		5,369
Sundry		253		253	253		253
Legal and	professional	1,838		1,838
Audit fees			5,000	5,000		2,400	2,400
		39,779		44,779	33,039	2,400	35,439
Analysed	between
Charitable	activities	39,779	5,000	44,779	33,039	2,400	35,439

The average	monthly num	ber ofemploye	es during the	year was:
					2023	2022
					Number	Number
Employment	costs				2023	2022
					6	f
Wages and	salaries				275,742	194,545
Social security costs					24,197	14,442
Other pension costs					4,854	1,865
					304,793	210,852
The number	ofemployees	whose annual	remuneration	was more than f60,000
is as follows:
					2023	2022
					Number	Number
660,001 - 670,000

10	Tangible Axed assets	Tangible Axed assets
				Computers
				6
	Cost
	At 1 April 2022			893
	Additions			16,704
	Disposals			(893)
	At 31 March 2023			16,704
	Depreciation and impairment
	At 1 April 2022			423
	Depreciation charged	in the year		1,040
	Eliminated in respect	ofdisposals		(423)
	At 31 March 2023			1,040
	Carrying amount
	At 31 March 2023			15,664
	At 31 March 2022			470
11	Debtors
			2023	2022
	Amounts falling due	within one year:	6	f
	Trade debtors		225,601	33,449
	Other debtors		21,026	6,059
	Prepayments and accrued income		25,496	1,750
			272,123	41,258
12	Creditors: amounts	falling due within one year
			2023	2022
			6	6
	Trade creditors		193,224	21,378
	Other creditors		5,124	1,762
	Accruals and deferred	income	5,200	5,012
			203,548	28,152

13	Deferred	income	(Continued)
	Deferred	income at 1 April 2022	(474,981)
	Received	in year
	Released	to income	474,981
	Deferred	income at 31 March 2023

		Movement	ln funds		Movement	in funds
		Incoming	Resources	Balance at	Incoming	Resources		Balance at
		resources	expended	1 April 2022	resources	expended	31	March 2023
		f	f	f	f	f		f
The UK City	of Culture
2025 Bid		71,215	(71,215)
BD:is Lit Festival		33,356	(33,356)
The UK City	of Culture
2025 Project	Delivery				274,938	(274,938)
International	Programme
Development					89,000			89,000
Bradford School ofArt					160	(160)
Bradford Council - Dragon
Fly					360	(360)
Volunteering	programme				22,295	(14,859)		7,436
		104,571	(104,571)		386,753	(290,317)		96,436

16	Analysis of net assets	between	funds
		Unrestricted		Restricted		Total Unrestricted				Restricted	Total
			funds	funds					funds	funds
			2023 f	2023 E		2023 E			2022 f	2022f	2022 f
	Fund balances at 31
	March 2023 are
	represented by:
	Tangible assets		15,664			15,664			470		470
	Current assets/(liabilities)	896,322				896,322		298,007			298,007
		911,986				911,986		298,477			298,477
17	Operating lease commitments
	At the reporting end date	the charity had		outstanding	commitments		for future		minimum	lease payments	under
	non-cancellable operating	leases,	which	fall due as	follows:
										2023	2022
										E	f.
	Within one year									10,000
	Between two and five years									110,000
										120,000

		2023	2022
		E	E
Aggregate	compensation	123,076	78,440

19	Cash generated from	operations			2023f	2022 f
	Surplus for the year				613,509	298,477
	Adjustments for:
	Loss on disposal oftangible fixed assets				470
	Depreciation and impairment oftangible			fixed assets	1,040	295
	Movements in working	capital:
	(Increase) in debtors				(230,865)	(38,846)
	Increase/(decrease) in	creditors			175,396	(1,786)
	(Decrease) in deferred	income				(474,981)
	Cash generated from/(absorbed		by) operations		559,550	(216,841)
20	Analysis ofchanges	in net funds
	The charity had no debt during the		year.