## ## ## ## ## |||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.||||