BRADFORD CULTURE COMPANY LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Cofflp3ny rewtration number 123XW27 IEngland and wap51 Chalty rnglslratiw nuMr 1194599
BRADFORD CULTURE COMPANY LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustaos AdEa K4all( CBE Sxyah Peryez Stsrt Wnryn.Ev¥tLS Moh8rrYMed Kmr8n Mekny Pp (Alted 12 May 20231 KSten EThJaNI CBE Sasha Bro1 Ph l Baty OBE DeLYa Jukes Ca1 OewlxJraOBE IAwKrfnled 10 OGIDber 20231 DrAsrf Q&[ (AltEd 6 Febwary 20241 Charfty number 1194599 ¢ompany nyml)*r 12331Mf27 Principal addre5 Unit E2 Cenienary Sou¥& 9 Adelmanry Bj[Ord BD11SD Rfjgistsr•d offi¢• ChLYth Bank Hse Sttofdd SweerEy ChLrth Bank B1[0 BD14DY Aurjitor cart H(xJse BD14NS Bankors 10 lknel Str BD1 IEG
BRADFORD CULTURE COMPANY LIMITED CONTENTS Pa98 Indepdent audilafs rer Slaterntafra[Kjal admks 8818rta sheet 10 Staternentof rashfky Notes lu the finarthlsialerTpnts 12-24
BRADFORD CULTURE COMPANY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Th8 trustees wesenl t1r annual atKI Ina[ IlheYeared 31 Matth 2024. firhonuel slolem¢nts hevc b¢en prepared in xoyd¢Cllth •wounbry zet wt M notc 1 to ihe finynciol sialemenls and comkly with Ihe charity's M¢Yrdum & thdes ofAsg)oatK)). ts CryY¥Janie5 Act 2006 8nQ"AccountiTrJ 3nd Rewrting by charkn Stalement of Rec(ThWnded ale to tharities prepanry th2r a(ts in 8¢(x)rdantewrfh the Fina)Ci Report9 staad aprltsble in the UK aThJ RqmltA of Irdand IFRS 1021" leffedivtr 1 January 20191. Obje¢trwes and a¢ti¥rfs chadly¥ obia¢ts arn.'- To adCe e(ttxatsw oflhe g1 the ans artsti¢ aThJ cullurdl hgitsge of City of Bradl0 arnl in wt1cul¥thets of perIrr. rnugc. (trarrB. rEadry. scuwre. panbng. handKTafts and ai asated To adce knearts in parJIar the arts of p1orrate. dTaffta PDeJy realing. 5fxlptwe. panting. handitrafts $1 Olher as80¢18ted afls. byertwra9ry In Ihes8id by the presenta1 of performances. exhi15 and (Wiv8L4 th81 ts proTh)lion ofwr festi¥8ts ar everts is un¢rt8ken 501ely ror the PL01 benefit.. and To promtrtÈ IhÈarts heritage ftrthÈ Il KMJyWithIn Ihe City Bradl(d In parbttJLqr bul trxclusively by surwtin9 the d herrtage S&trIhro reptesenktion and dp¥elopme Thp tknarilies aclivrfies IrKlude."- Mekqs gnIg 10 indThidua$ Mes granrs t¢ Cry3nisatKms Promdes services pro$ a((8¢Y. inftfflwlK Spothsots or undertakes researth Acis 8s an or restyJ¢e tKKty Th8 tru5tee5 have paid due iegard to gUKlar issued by the Chty in deciditpJ %Yhat tivities Ihecharity K)uld ultr1dktt. A¢hifyvom¢nts and porformae Activrtie5 Durin9 the year bradfoid Cuttur8 Cornpany was establthed 10 Wr)e 8nd erUrage Ihe dwdowenr of 8rt$. cultural. horhage trealive acbvilv35 proTnole acc055. atKJ a8¢181 of Ihe widp51 sTAe r8no0 of cultural. arKJ cr8at 8ctNilies in the Bradford dwn¢t. In May 2022 Bradtord was anrK)UtKe(1 Ihe UK Cty of cre 2025. The was a te5tarnent to 8radford's amtstion to bè¢omÈ UK City of Cultu. an thai hJ beets sèvewal In Ihe maknng arJ dÈmnaied Ihe tohesim PAYJ sherBd goÈl Ior ihp dighGt. prims fcw)Js of the OlWiSaion'¥ wcyk par to the fid8. LY8ats a woJrammtr 8nd amFloy team lo deliver 6radfotd 2025 UK City of Cultwe This tss been a tssi recruthienl iwmey brirgmg the iotal number of stslt to 122 as al November2024. We have rad SnIficant funtk frorn City of Bradf(Kd Cwncil. Department of CuHurp. Modia and StxKt, Arts Counul England. Swril of 2012. Britr5h co1, Nat¥Jnal Lottery Heritaye FutKI and Nation L(Atery Cgtnryjnity Fu. Wth TruStsd FOU[aOn5 and sprtr. trms n9& thr& lo agtFed bLwW of£47.5M. oard. vihi¢h was $treng1F in nunws k851 year. has 6518Nshed itsdf 10 SL¥W1 lh& EieoJtsv• ioinllylod by Dan1 Bates (Executive Directryl aThl shaZ (trar (Creative Drectrl arnl ets tifftes a . th the subcornmitiees ieeliiig tsrrKthly. ThESV expetl subcotntThllees tnLMlure of TrueE5 a' BssooJIE rnEi5 whg tyriig wi¢er experien and experbse lo Ihe subc1MitIeeS Io Fansu? we are [TrMl¥j the impact Df UK Thty of Culture across the entire districl. The indude kry staketrKAaers and representatives from UnIvety of BradfoThl atxl City of Bradford Metropditan Courtil. reweSentstiveSfr) Arts Herna s1 k¢èl wlknral È8dets.
BRADFORD CULTURE COMPANY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A risk regi%tsr 15 ffta1nlaed arKI revivwed wukrty at each 5thJtNnittee. a suite of tKArdes that [nae conflicts of interest, safew8rdiry d¢. As Bradford is LY)e of Ihe yourvJe cthes m tre UK. a yth Panel made up of 15 y(Nthg pèople wasapptynted 10 supk¥Jfithe oeveloprrtnl of Ihe prrgramme and to be h7wj In 9)Vem.. ihey 1he subcornmrtiees ar 808rd meetiws. staff team have ainted to supwrt the ddNery ofth2 year of ttrE. 46% of whom live in Bradford nd 91% live in Y(Kkshire. We kÈve a (li52 team ilh cortwnunty netwvkws. canrecti)rs ar vdunt8er ¢¢>ordinaiots workinq au055 the d 5knct. AJI curfeaTn rereNe trainw in SafegubQ. Ineracy. firsf aKJ. dala tection plus various -housa SÈSSKYts tr wple magenwt soft skils. In 2024 wwe ntJded io tht FAJThYay Tin)Ès Top Besi Pl8tres 10 Work and &gned up lolFp Vvest YDtWyrE Far Wotk ehts. Thg Volunteer team hav& been supwHte(I by fuThYiw from Writ of2012 N8twal Lottwy Corrwnunity Fund 8n¢ hwe cruit8d c820 v(Aun18ers. trditwng woythl by ShipèyColeg8 Spirit of 2012 also suwrte(J and fun(led a e(Je transfer bet¥Yeen the'year ofcuHure' LEEDS 2023 Bradford 2025 making plans Ihe delivery of UK City of CLAknre 2025. The 97nl supwKted Ihe knOwdye exchan9e project Shared Cultural Fulures. wth aim of stren9lhenry e¥8luab>) ¥nd leamiNJ for ts¥o Ma1 events kIn9 p18¢e trlilhin West Yorkshire The gani the KHaIlon etn the two leams. thlh Ihe furfiThJ Iw 5tsff io kyiorilise leam¥ and refleth(fft. The frd rel ned a nurrt)erotins¥hts aNI recomrnendth lor rnai e1 or94rdser5 and funder5to tske lotward. Tha EValualn to we rth •i tlace aThY have ¢¥rt8ss f(K data cdwion and are Suppo by 8n eXrt Tprhniral Rp.Ip.rp.rrp. £1. 34ing¥Jp. L.nrglty nf 8ratrd Ihp l1nwplty nl LpprL4 An Evalilat Data Strategy aro finalised. ¥rKI an innovalive Econcmr and knal V81ufr Imp8Ct kssment 1$ undgrw8y. We h8¥e Coeted a Househokj SY acros5 ts di5tsiCt awKI asuw ofPradfords ueatwe SthwOthr. Th8 88C annouKed stratryic pthershp in June at an event hepj In BtaJf(wd Qty 1[ attended and trwled by BBC DIrl-Gtneral Tim Dawe. The partnwsh¥ FthJes Ictsl aThY ti¢Ma1 te. radN) and online coverage. Wlh nient a160 avelabk on BBC Aayei at¥J BBC SyJt¥Js. Highlghls of the year nclude sUp[th g Sett grtr•Ah fundèj amt With the Bradfrd Prthuryrg Hub. to enh8nce ski115 dewelopment the cre3tii)n Df Creaknve Corrrfnunilies Fund, c(Fueale(I by u5 aTrJ Bradlord. supportTrJ cotnTnunilE5 aGros5 Ihp Braltord Drslrid. Bradford 202S ha5 a strateswc 3ppr<>ach to fikn ueatiun atKI prDduthn as p3rt of it5 Uve11 progtamme ddivery. Wthin this, Bradford 2025 funded and supported TrMrferlditpclLY JadE s dplmrt fpature fqrn The c8j0ny. The filtn won M)È bradford-bTh and ba8ed éirectty Ihe n8ugural Sw Qnnery Award FilnThakiig Exc4. al this y8¥$ pr8slgknu$ Edinburgh Internanal FOM Fesival. Flnanclal rpvlaw TTr income lor lh8 ye¥ was £6.286.TT9120d3 £1.501.8361 exrthJdure n9 £4.162.92712023 £888.32TI resulllng in surplus of £2.123.852 (2023 É613.5C&). Furmts al 31 2024 were t3.035.a38 12023 t911.9861. It is the polity ofthe ttority IhoLuThroslrided have nottrLen de59rted fora spe&[ use smuld bo mar)tained at 8 levd equivaentto beiween IhTr8 and mnih'$ expe[rtUre1£1.03O.LN]0 £2.079 OWI Th8 trusiees cllder ihai rèserdes at this levd Will Sre that. in the ofa sgnffiwidrop in fthdirg. they 111 be atrle to ts)nlinue the ianty's current 111$ while WISeralKTr to %ways a(klitK)nal funds rrwy be ratsed. Thi5 Wel of 19swvgs has b99n manlained throuwoul e year.
BRADFORD CULTURE COMPANY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Plans forfvtur¢ FLrture Plarhs Th8 tearn have delivered three runawdy proiecls io ensure SYSterr arKI w(Kesses are ready the delery ye. Th8 unch of the firsi Brtdford 2025 Èvents t(>k pt on 12 SepiembÈr 2024 Iwe frtm Sl GetrrgÈs Hall arxl BBC'S The ¢ show, r8cYing an extramety r8s(tr. Wrth a new website snd Irkettry and sa$ wnt. s(rfre events go on Sale in Autumn 2024 bi rKepar$ti Jawary 2025 when BradfDrd's UK Cty of Cullure twins. Funthaisiny Upd810 W8 a wccessful year of furaIsIr. devekp"w relabwshps llh sprEors iThYu¢iry Y(¥ksfire ¥Valw. TL Dallas, UnNersity ot Bradford. Schofiekl s¥ney and lA0ms. Section 1628 of the ctsrib.es A¢t 2011 r8qui8s to nkO astalwm8ntreg¢ing fuf[8 activthe8. Vttvle Br8oYord 025 does Th)t undertake whle5weal lundiaisfvJ fTom general kne defm25 fun(tsww 8s"soli¢iting th8twise wocuring rmney other Fwetty for chaty.able wrkK)ses". We can confirtn Ihat all StaIlOn$ are rnana Iternally. wiihc4Jl invtdvetnenl ol colnwaI patiKyal(M5 or PeSSal lurKJraisErs, or third parties. The day-lTrday manaoernenl ol $1 incorre generaiw delegaied to ly Execuive and Leadership karns. vtho are axountsble tr> the Truslt8¥. Bradford 2025 ts not btyJr¥J by any scheme. ¢h8fiy 1$ r89st¥ svith tha Fundra$ing RoguL8L and does CoMY vdurtsrily Mth the FUrKIrasr ReguL4Ws CO af PtiCe. We have reG8rved m compkints in rekbon to actiwiip5. By ryth the FundraNng Regut05 CodB of Conduct sve have prDcedurp5 in pkne lo webEtrt crMt4anls atvj athjress Ih2m K>uld thry arise. Structure, govemance and rnanawent TIE ¢hanty Is a c(Hnpany limited ty arantee Ir on 25 Novertw3)19 aTha registsrg(l asa tharty on 26 M8y 2021 and isgovemed by its tnerniKarwJJTh artKSdaSsLKiatiL. trusieÈs, wtw) are $0 thÈ dptitrs fot wIpe of (xJnwan> Lv. J servedduring the year and up 10 thtr daitr ol sign81uitoflh8 Sts18mwls YM8- Mary Dows Adeeba Malk CBE SYah Pervez Stuart MtKinnon-Eva Mohatnrnfd KaTnran MeL4Try Pthp Arwgh8n Ilohammed ex Huds( Kersten EnoL¥rvJ C8E sha Bhal Pkil 68tty OBE Dtra Jukes Carol Dewmrst Ruth Ibegbun¥ Dr Asrf Qm (Arvnted 12 May 2D23 and le>9 18 Ntrvernber 3)241 IAkwMnl 12 May 2D231 (Arw'trtfftl 10 ChX(qr 20231 IAwcA"nled 0 Fetrfuary 20241 Any person who ts VMI irKJ to act as a diiecter. pBmMtted by Aft0 do str. may bè lo bè 8 dirtorby orLlnary resolubon or by a decisi oflhe drect(Ys. Dwethrsae awKAfited forthE arKI eXperEt theybring to the tharity. Trainir¥J 11 be given rfneeded None of thetrustees has interest m the ryanY. AJI oflhe htee5 are mem15 ofthe ctxnpany auarantee toeonintmrte £1 in treverf ora vArKling up.
BRADFORD CULTURE COMPANY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Th8 driSdeaSIOnsare ITe by Ihe Board TrLthes. With theExeLwiNe thrI&m5 bany re5PDn5ible fDI th8 day to day runnry. Audfjr During the 3[ Azets Audit sces Lwnitel, tradir¥J as A2els SewvrEs. vre apponled as audit(¥r5 fdlowing a¢qUi&tiLN) of Na)lor Winir¥9ill Lint8d. 1 May 2023. In accordan wrth the cory)anys arbcles. a resolubon that Azets SerVis be reapp(xnied as auditor af Brthrd Culture cPanY will be Fmrtal Ihe Generdl Disclogureof InfonTrln to aulitor Each tsflheirLwees h85 mnfimi&Y that the L5 informtyi ate ¥e vthith is rdevani to the wjdii. tut of which the auditsr UWare They ha¥e furttrer u)nfirmed Ihal Ihey have laken apprwaie steps lo Klentrfy su¢h r*e¥ant formalion and to estaAish Ihalthe audtr aWe of suth irTfoYnatitm. Kersten EnOL7r CBE Trustee 10 December 2024
BRADFORD CULTURE COMPANY LIMITED STATEMENT OF TRUSTEES. RESPONSIBILMES FOR THE YEAR ENDED 31 MARCH 2024 Th8 trustees, wtK) are asDthe dreLx5 of 8[al Culth Cornpay L purpuse ofpanY law, respty)wbk ryeparin9 the Trusrees. Report tFt siat2ments in aprlK18w and Unrted Kingdom Accountin9 S&rvJwds (Unrted rt¢ Gen¥f Accwed AccoLnl¥¥J PrxtKe) Comp8ny Law requres the Iru51ees to prepare financwl Slaterr10reh fvanual yeafwthth give atTue atwjfair ¥W of the State ofafaiTS oftteharity and ofthe inctmirpj rtsoLW¢BS and ofrastyJr¢e$, indudin9 the ineom d expendiW, of the Chailab ¢cnpanylty Inal year. In wepwng these finartl slator(nls. tnkstses we iwjwred to- -sdath suitaYÈ aNlthÈn appty - d)seNe the melh(hlsand pmrarles in [arit SQRP.. . makelrents e5timatesthat are rednth prLxIl . wepar8 financ1 stat8nM)ts cffj 9onJ bass il Is r18pwwats lo prasuw Ihattrfr d)8rfty 11 continue in Oati. The trustees are re5Wnb fDr keetxw adewate accounti reijyes th3tdk>Se wth reasDnaNe accuwy al any the finarKial posrfit>n of the Gharty enthle thetn to Ihat the staents ujrnpty ryth the Comp&ies 2(K6. Try ¥e also reswnsible for s¥fe)u¥OrvJ assets oftrt chwtyand l¢e reasonatrk ps for tre pventn anLI detection of fraud aThY other irwularit*s
BRADFORD CULTURE COMPANY LIMITED INDEPENDENT AUDITOlfS REPORT TO THE TRUSTEES OF BRADFORD CULTURE COMPANY UMITED lon We have aujited the financ1 ststements of B[f CLllure ConNHny Lirrmled lthe'chatity'lforthe lear ended 31 March 024 which Garnpris& th8 stal8rn8nt affanCIal acIN1t th@ baat& sh8oL thB slai8rrt ofGgsh flows not85 to th8 finanoal staternents, IlUdij gry(Zl ac0rt1j Thefal rertIng fratDewiyk Ih31 has applEd in their pr8p8r¥iv)n IS aP¢1¢ab law sr Untsj St8tvJd$, vrJding Finan(44 Repottsng siandard 102 The Financial Reporting Stantsrd appAcable in the UK alleput (Wlreland (Untec Gener4lyAccepled AccauntirvJ Pr1). In ouroFinKm, the Statents.. give 3 true arxl fair viwi of the state of knedwitaLqe uxnpanys aKS as at31 March 2024 and of ils irKomi resourcps resource& for the yearlhpn £ed". have bew pr(Y prep in acc(KdarKe ith Unw Gervalty A(xttl Fbctwx.. have been pyyetl in %Yith thfy requywnentsoflhe cLKnPan Act 2(KJ6 a5is lor opinion We conthcted our 8ud in a¢eorthee lThtvr01KThI SlaThlardson IUKI IISA5 IUKlland aPp&Ie law. Our [OSFx>wblibes der those siarKlards are futyw described in Audilolsrewn&bilis lorlheauditoflhe financial staleffienls sethon otixY rewt. We are ient ofthe clN3rty accord3nce ith the ethi(xl reqrelents that are relevant lo aLOrE fwnc4al slatetrEn15 In Ihe Ult. irK1uJgthe FRC'S Ethral Stard. and we have fufilled our othèr th¢8J respon$lilS in accordance wlh IW8 requirwents. W• Ihal Ihtr audrt evidenco sv& haveobiained is SuffiCTrt arKI approw2te to provthle a bas fv (rOpr. Con¢luslons relalSng to golng ¢on¢ern In audng the finanaal statements. we have that ts tru5tees' use oflhe 1r0()nCeM basis of in Ihe pr¶iM)n of the finartial staiem8ni8 apprOlate. Based cn Krrk we have perfcrfr. have nrA hlenrifieil m8teA4 r¥atiTrJ to CK conditic$ ltrth. diwdualy orcdlpcliv64y, Thay cast swifKaTrl doubt the ckwty's aimlty to as a gJin9 )nce[n a pprw)d of tlwdveThonts frcyn when the lin3C staterrbEnts are authorised torissue. thJr tpwbihbes the rEsp)[bIll ol trustfes with COt¥xrn ¥e dbal in Ihe t8lpvanl sectK)ns of repth. other Information The other irformalN ¢xxrye5 1nfarrThHt indLMled anrwa rewriolher han the ncL41 statements and our audilofs re[1 Ihereon. The trustee5 are re5Prnse f(Klhe other Infr¥mat taed wttNn thp annual ieport. (PiniDn Om tha finartial statements wl cthBr inform8iKJn and eo noitrxpress anyfom of a¥suram¢a wn¢lus eon Oui iesponsibdily Is t? read Ihe othtr- . thi dorg $0. SIderether ihe olh¥ Informathyl IS materially Irv13t¢nl thnlh fincIal stotfrTwts or knOdQ¢ obt¥4ned in ts wr5e olthe audit. or othEYwise appears to be maleri811y If ¥¥e Wlfy sh m)twia ifL)l$st¢¥ rfy8rent mal¥ial tnisslatefftenls, we arfy required to determine thher]hge5 re to a maienal Mistatement in the ststem2nls thetnsdves. If, based o the wort we have pertorwd. ¥4e CtydutettIthe is 8 m8ien81 $StatrI of thÉ infcrnètitr), we 8re required to port that fact. We have ndhing to report th ryd. attews on which we awp rU1 10 rew¥t by exclon We h8v¢ ndhing to report rwect ofth8 Iclh)wYvJ ma8rs in rekgkn th8 Charo8s lknwnts ar Rep)rtEI Regulat5 2D08 18qure us to rewKt to you . n OurWK. )e Infomauon yvtn In nn8n¢i $iemÉnts IsinrSOthtIn any Mats1 $pett wbth the trust808' roport". LY suffiCEnt accwnbry recort ha¥e Th)t kept.. the f3ncjal statements are in agreetnerrt the rp(xKes" we h3ve not recewed 311 theInf(xMa arnl audit.
BRADFORD CULTURE COMPANY LIMITED
INDEPENDENT AUDITOlfS REPORT (CONTINUED)
TO THE TRUSTEES OF BRADFORD CULTURE COMPANY UMITED
R9$prjnbllllfj$ of trust¢•s
A5 exaIned me full> "he State1 of Ituslees. rEs[blit1es. thettee5. wkK> are aso the diiectors ofthe charity for
th8 purpus8 of copatlSy1. th8 of fnanEi4 strdt8rn8nts arKI for b8ing satisfi8d that Ih8y
Ive a te fair YEW, and Inlptna as the trus deter[TY 15 rSsary ID enab the preparBlion of
fin8nc4¥1 Sta9n t1 are free fretn Try$stsiel. whFther due 10 fraL ot ettor. In ptppanng ihe fnantsal
ststements, the tmslees are resSIble for charity"s alItyt0 tinUe a wing crlncern. discknW. as
applicab, rnattets rdaled lo grfng Us9 the baSOfaccwnIg Ue5sthe Irusteesether intend
to Iv4uidate Iha charrfable ccvnpany orto cease Lwatiuns. have x> reah5tK aNernatNe bul to do so
Audllofs responslbll(tle5 for the aLKlliof Ihe ftnanclal stateme
We have b2en appointed as audilu under 144 o'the Charthes Act 2011 and rerth n accordan the Act and
relevant regulalKJn5 made havry effect thereuThler.
lknro4ecb¥es are to obtan reasixHtrAe assuran(? ?11h2therthe tCla skiements asa whde are free froffl matenal
miss&tÈmÈnt, wheiherduÈtoflaj ot Èm. and 10 tssutr ) repm lh irt1(XJr 0ryOn. Reasonab assumn
K% a high levèl ofasstyanct bul 6 rth a guaiie8 thai w aJ l (wductsd F) accordar ilh ISAS IUKI %yill abways ¢i¢t
material misslatemenl when it est5. Mtsstatements can artse fr(xn fra orerror C{)ded Th31erial It. hTrdiwdually
or in thB aggregat¢. Ihey COU reaS(XY exFECted b Yuen the eCo[C dec105 ofu5ers tsken on basis of
these financial statements.
A fwtherdescrwon otow reSr1b11thes is avalable the ReFxthg Cwncil's wetNle a."
hltps."IA¥vN4frc.(Kg.uklaudit(X5responsiblrties. Tris dep for5 Dfow audilo¢s report.
Ext•nt to 4thlch the audiiwas consldor•d capats of dRt•cting irrwlaritiks, fraud
liraguLq,thtrs. indudlw fraud. 8r inStsn$ otnon4ynF4 arKe with igws aTrJ r$gUon$. We d9$n procedur•s in line bwih
ur respon5bi1e5.
BRADFORD CULTURE COMPANY LIMITED INDEPENDENT AUDITOlfS REPORT (CONTINUED) TO THE TRUSTEES OF BRADFORD CULTURE COMPANY UMITED U50 of our ropwt TFMS rEP(Kt is tnad8 sdely to the Chty'S bslees. a5 a Wy. aOrda(% wth part 4 ofthe Charities lACnL$ and Réports) RulatnS 08. au(It ha8 bB8n takn su thatv mwt stat8 to thf charitys Iru5t88s thos8 tnattots we are requred to stale IDtrn inan artI¢$ rèp¢MI for at puttx)se To Ihe ful1 exienl T[nItted bv law, we ( 018tsBPI oi assurne respslIty lo anye¢lt than arwj the ¢harityS tsu$*BS as a Lvjy. forouraudilwork. for this rel. for the opinions we have tormed_ Allson Whalley (Senior StatuW Authtorl fov and on beha of ketsAuditSer¥icos 10 2024 Chartered Accountart5 StatLrtory ditOr Gr8mwrS¢lK(d Stfe8t 81[0 BD1 4NS 2eisAuditSeNces ts e19b forakwnbnenl as ofthe (Iwty byvwfve of its for 8pwinlment agaudit of 8 c¢mpany section 1212 oflhe COThynEs
BRADFORD CULTURE COMPANY LIMITED STATEMENT OF FINANCIAL ACTIVMES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Total funds 2024 lunds 2023 lunds 2023 2024 2024 In¢ome frw- Donations an(J legaaes chrtab a*vTbes 4225.591 309.452 1.751.730 59TT.32T 309.452 1.(M)O.o(KJ 115.083 386.753 1.386.T53 115.(k83 Total in¢ornè 4.535.049 1.751.730 8286.779 1.115.083 386.753 1.501.836 onthtur• on.. charitab tivtheS 3.429239 733.688 4 162.927 598,010 290.317 888.327 Nvt incom• lorthv yoarl Net rna¥enrrt in fund5 1.105.810 1.01&042 2 123.852 517.on 96.436 613.9)9 Fund balances at 1 April 2023 815.550 436 911.9B6 29B.477 298.477 FurKI balancos at 31 IAar£h 2024 1.921.360 1.114.478 3 035.838 815.550 96.436 911.988 Ths stai8Thent offinarKial all gainsaThl k>ss8s in th8 y8ar. Al irKX)ne and expermlilure deri¥e from thrfes. ThÈ statement of &l1vit$ $0 (MleS with IhÈ rtQuWffiÈts for an inuJmÈ arKI tsxpendilure a¢thuni under the
BRADFORD CULTURE COMPANY LIMITED BALANCE SHEET ASA T31 AIARCH 2024 2024 2023 Flx•d assgls Tangib a55ets 11 304.242 15.664 Cuvr•nt a88•ts Debtors Cash at barlt and wi ha 12 2.742.893 534.038 272.1rJ 27.747 3.276.931 1.099.870 Croditorn: amow)tstslliny wilhin on0 year 13 1203.A81 Nel current assets 2.731.5 896.322 Total assets less current Ilablllks 3.035,838 911.9B6 Incornp funds Restrithtd furQs Unrestrled fuThJs 14 1.114.4", 1.921.360 96.436 815.550 3.t135.838 911. The Cp3nY enknlled to the exerrptkIrorn he aLlit rewiremernCraITred n 5ethtm 477 Olts cOwnSAct 20(kn. lor the year en¢ed 31 M8rch 2024. 8IIWh has out under 144 ofthe Charthes 2011. The directots ackn1mrt£e their resp(MTrsftMlit forCnp.ry wnh reqreentS oflhe CompanEs A¢t2006 re5ped to accountiry records and Ihe Preparati ofarria1 Statnents Th8 rneffl have not required the to obtain an audit of its staterrntS und8rthe requitemws of the CotnpaniesAcl 2006. forthE year in in atfLYdaKeTMlh 476. TrE5e finarbial stalernents have W prepa 1hts ap?le to IvnparAes 5ubJect lo the 911 QPanIeS regin. Ihe financ*1 Strtents Thwe apwoved byttE TrustePs 10 Do¢ernbBr 2024 Kersten Enolar CBE Tru5tetr Compak)y r9g1straOn numbor 123XQ27 10-
BRADFORD CULTURE COMPANY LIMITED STATEMENT OF CASH FLOVVS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Cash llowsfrom opornung aCtlt10S 19 124.799 559.&fj0 Inv•$tlng actlvOt1•8 Pwchase ofIgie fixed asset {418.X%81 110.7041 Not cash used in Irbvestiny xti¥hles 1418.5081 116.7041 t ¢a$h u$od In flnanclthg a¢M88 Net IdecrEa5elllncrea5e In cash awwj &T3h equhTaknts 1243.7091 542.846 Cash 8rQ Cash 8quN81tnts * WinThng of y 827.747 284.1 Cash and cash •qulva•nts at And af y YJ4.038 827.747
BRADFORD CULTURE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 AOUnt9 pol195 Charity inlarmBtit BrliKd Culture CoMpY Lifflilgd 15 a ptivate (xjwny linthl byguar8ntee inc(xpNd in W8bs. istsred offKe Is Bat H(¥Jse. SclK)fiekl Swy. Clyjrch 8rwJford. 8D140Y. 1.1 A¢countlg comtenti ihÈ CpanS Act 2rTh, FRS 102Tr Finarwl RÉsMYtrfMJ Siand¥d tl UK d Republic of Ireland" I-FRS 10T) and the Chanbes SQRP-A(t(HJnlng RBptytry by chan1$." Sent ofRecornmgndfrJ PwiKp applicatrde to charthes weparing tsr3=counls thi accOrdae¥th Ihe FanUal Reptsng Standd applitle in the UK and Republic of 1rdd jFRS 1021, leffe i Janu¥ 2D191. The d[rty ts a Benefit Entity 35 defined by FRS 102. The finarv81 stalernents are wep3red n sterfirwJ. vthich is Ihe cuffercyollhe ttllrity. Monetaryamounts lheSefinCI ststeMts ae rwIed io Ihe nearest£. The finantial starrtnts have been wep¥ed rthe ¢oa oJTrenbon.Ih? actnrg wlcie8 adopted are sei oul bek)w. 1.2 Going concem Al the Iirne of8ppwry IhFfiDar#)al stsi&tw)is. IhF buÈlBes habT a [p¥xnab eIpFdab thal th9nly ha$ adequale resour to continue in opratiDnal eSter lorthe fOreSeekn fuhre. Thus knslees ¢x)nIn lo al(yt e going correm Ws 018cwuntirvJ n prepanro the fnarK&91 siaternents 1.3 charitable Unrestriclgd a avwlatye use divetw oflhe trte8$ In fvrtherarKe ofthfyrdpti18tAe objectives. RÈ8trkied È sU'ÈCllo by as MftheYm8YbtrU8ed. The wwoses 8nd of lh& restrthd fuTh8s ae sei OJI in Ihe 8$ to stsiemwis EOwMent[unts are to 1x)rt by (KKsthatthe (xptal rnust bp MaIntan by th8 chty. 1.4 In¢gmg ITKorne is recognr6ed when the charity is legalty entided to it aftw atry perf{Krnan u)ndthDns have been mpl, the nts w be wsured rthabty. aThJ it Is Ihal In¢(wThe il bereed. donation. Unl perforMae co[KIth¢M requye ferra oflhe anN)unL Inuxne tax re{x>Vera in relation to donations er¥ed der rft or deed5 of covenant is rewised altre InEoflheik)nakn. Lega(ies are rec(wJt¥sed receyl Il the ctkyiity has len tKJbfvJ ol Bn ItnpEnding dislributs(n, the am(xJnt is ktK)wn. and r1p1 is expecie(i. Irthe anount krHMn. lh2 Wy is treaw as a conlingent asset 12-
BRADFORD CULTURE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2024 ACcoUntw pol•e$ (Continued) .5 Expenditure Cxpendilure Is ognISed I1here oriThstnMNe dAvja1to tra[the(Orn1C benefrttoa third party, rt 1$ kYObabl6 thai a Iransfrotrth bènaffts ba reQred w) Stlty8ff1. amoml of oblKJabon Can b& mea9Jred rdigbly. ExpPrKIlu is d¥s5ifpd byxtyty. (xEts oleh vity tnJ& pOIttP tdal of dirp¢twsts ¥t¥J shared rosits. induding suptx)rt(X)sts involved in utKJprtakry eath thty. Dta)Sts attritxnable to a Sr¥J aGtivity are 311orAted dirttvy 10 th818CtMty. Shaiee costs ¢tri>jie mtse than gaivrty suprot o)sts n aiiributsbk 10 8 &role MIy & aPW1iwJ bet Ilw Mti&% e47 8 b39$ c¢Msiswt wlh e0f tysourc8 where approwiate. Central staff costs ale on Ihe otbm2 SP iweciatKkn charges are allted on the portK)n trfthÈ asset's use. 1.6 Tanglbh fixed assets Tangibktr [ed a¢s81$ intsty nd al cosl aThJ >Jbsequenty mEasur8d al( orvalualon, ol depredation and any Irrpairrrent losses. Dvprwiaith is i¥¢oyntsed >0 ats w1 (Ir Ltyl UWIT rwduai valutrs uselul Iwe5 on thefollowirs bases". Frxtures arKI fittilgs Gwyuters 33% strathl lbie 33% srraybl Ikie The or Ioss arising Ihe di5pKKal ofan a55et Edeie[[nwd as Ihe¢iffeTetKe sa1E pcEedS and th& cayryng value ofthe awt. ar is in ts stateffwolfiwu activities. 1.7 lrnpawrnerrt Off assets Al tra¢h report)g ano dai&, Ihe charityr8w8ws arTh)Lfftts OIrf r3 Ye asts$ to whether Is any hndication thatlhose aSSS have suffered imparmenl kss. If any irMScation eXJ. recover arnount of the asset 15 estirnated i>rder lodetetriine the extenl iTh¥>aittrth k)s51rf anyj. 1.8 Cash cash equivalEnts Cath arQ ¢ath ewivaltnts in h8rwJ. eall baths. Olhei slknt-term ligJkl Invments ongn81 m8iwrfs elltrffee s$. ba(wdrafts. Barth wdrafts are rythfft borThings In current liabilthes. 1.9 Flnanclal in%tNrn•nts The chanty has eCkd to aprAy prS of seth 11 Fnar#ial Instftents' Section 12'0ther FinanGl InstrurThents Issues, of FRS 102 to 41 of ts irthjwts. Financial in5ments are YwisY in the thanr>¥ br the beo)mes paty ttecttractu proV7Th5 ofthe 1nslruTrnt Financial 35set5and habAitEsare offset. ilh the rEt arnwrbts wesented in the ffiTha slalements. when there 15 a IallY enforceablè rightto Set off Ihtr re¢tyJntsed nrxJtrt8 there is inteniN)n to Éèlde bas orto r881i%è e assEI and 5eiiie Ihe Iiablily rulOlly. Inancl •55ets BasKfinan¢l a$s8ts. irKludg debt$ cash ban babnw. inth8lly Measur 81 IT¢t)n price induding trans3d costs and are #ente at aThKrt5ed L1 UTArvJ tre effle nlerest methoJ unless ihÈ arraryemeni£onsiituteya finanon9 11Sth, WtwÈ trt traw(#KMI ts n8sured ai [sent valL oftr fvJiure receipts (*SnIed at a market 1810 of ini¥. FIrr1a1 assets cossthed a$¥Vab wthin yaar are not arnoSe. 13-
BRADFORD CULTURE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2024 ACcoUntw pol•e$ (Continued) Basifinancial liabilities. hycllIrVy Credit barth k)ans are irMtiatyrwTh5ed atSaction W unless the arranyèmtrni ¢slUtes a finariryJ the dd)l inssumwl ts measured al th6 pres1 vau of the future payThEntsdiscotsnted ata marka rafr of inleresL Financia IKiniÈs dasAfied as payable wrttrin ore ye¥ are not afflorbsed. Trade cr8011c 8re ol981)n$ 1¢ pay fwgcthsorsefvKXS dk41 have twi a¢qwr8¢ the tydinary course of operaions Irorn supplers. Arnounts Pw/ab are ck5silied as cwrent1thslS rt payment 15 due wrthin one year or less. If not. thÈy arp pie$enled as non4[rent kablrtEs. Trae c'etitots are [nl Initial ai ptice and SubseqUenY rneasured at a[nOrbs m AnY tseffthe rterest rr. Financial liabilthes are deretwised th3nty"s (X)rr1 3ts expKeiJrare distharged Ild. 1.10 Emploype benEfits The CDSt of any unuse¢l entiUnI B recrynwj in the petmxl Ihe eTryk>yeesWviare received. neffits s reco9ntsed i)whaielyasan eytse the (tharity 6 denK$tra)ty c(y)¥nitted to t•rrnlnat• •nWoy•)wnl ol an •mph)fft Lwto provid• 1wmilat b•n•ffls 1.11 R•tlr•mont bon•fits Paytwls lo defned retire1 benefft Sthersare Char a5 an expP[e as 1hayfall due. CritiGal accounling e5times and judyrDentS In the apicati afthe tharivs a(xxMmtiw w4Kie5. the InJ5tee5 are requwed lo [rte NIdglEts. estitnates aswmpions ¥bcut the ¢arying awurrt ofassets >id hablrtS that 81e not reathly 8pp¥enl fmm her swrces. Trt eslniates arvj aoso¢K8ted assLnWKySe based ¢)n hist ewxesKe otlw factors Ihal are uns¢ered to be rdeyant. Actual re5ulls maydffier Iromlhese estirnat The 85tiwHtes ur¥Jertwny as5wnpknsae revEwed 0¥[ tsa5. Re5 to atK(¥unbng e[nateS are reccgnised in the peri* in Ihe eshrwe is wsed ere revisky) affe(1s Mly that p¥ithJ. or in the period c¥ Ihg rwisK)n aThJ fvlure per5 v4here the affects 1h cUrrtar11 fLrture periuls. 14-
inooa OUJO C> CF* O OiD 0 6> o< (o ¢0 O £4)
BRADFORD CULTURE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2024 Chpr#ablo a¢thlts Totd Unrwtrlcted Re•tricted 2024 fund$ funds 2023 2023 funds nd$ 2024 Total Spmsorship In kind saN¢es 2E9,452 289.452 20.0 115.083 115.(Q3 3C9,452 309.452 115.083 115.13 Chartablo 8¢tiiits08 2Q24 Staff cosis Re8èar Bid Preparalion d41v¥ Marketin9 and ccthrnni¢aihin Pr(NJratnTne devdoprnent Recrurtm2nl trainir Travd and sub5i5tence Fredance stsff Volurt$6ring proJram8 Eng8gtmtni preparat Evaluation 1.887,148 42,927 304.793 230.464 86.540 221.751 364,W3 1.001,920 63,912 117,370 12fj,676 110,069 3.746,913 843.518 Share of supput IseeTrJle6) Sh8fE 019)vernar (x6ts Isee rrf)le61 394.408 21,6 39.779 4.162,927 888.327 AThatysis by lund Unrestrrled Restre 3.429,239 733,688 598.010 290.317 4.162 927 888.527 16-
BRADFORD CULTURE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2024 $uppwt ¢ost$ 1023 Depretyalion Computer ¢os15 Renland rate5 129931 33976 1.931 33.976 40.2 47.113 19.514 1.510 1.510 47113 19574 4.461 555 2.4S9 23.349 4.461 555 2.459 23.349 ID$urance Offre Costs SubscnptM)ns Slaft Iraning and recruibnenl Trdvd 37 184 37.184 276 695 39559 276 4.419 253 1.838 4.419 253 1.838 Sundry LeJr aloiiiu 39.559 AJdirrees Leg8l¥nd wofession Even Iravd 10.LKW) 10.LKKI 5.0(Kl 1.3S) Z.Z16 2.216 394408 21.f 416.014 39.779 5.OLN) 44.779 AnYSed between Chantsb athvities 394 408 21.6 416.014 39.779 5.0(M) 44.779 GovetnarKe cosLs paytnents ID IheaLMlilor5 of É1D.(KX)1202> £5.(mXjlf auditfees. Tnjstsos Hostins lees loa TStee(sabbryah Pervezl re pawj Ju23 i£ewi and Marth 20241£7501. ThètÈe5 were P¥kY for an eventattear in 12023- rwel No other trustee5 Iw any persons COnle thernl rec1 any remweratKnty benefts from Ihe charity ¢JLxing the crrent or woryear. Dunng the yew a le £U16 8s foi travel 8x$45. 4 truswvme t¥J0d.12U23. rnnel Enykjyees The ere rnontNy wmbor of eTrWcwees duriry Ihe year ?5.. 2024 Nwnbpr 2023 NumbDr 17-
BRADFORD CULTURE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2024 (Continued) 2024 Wage5 and salaE5 Social security sts Other pEn5K]n CD5ts 1.838265 166.607 82278 275.742 24.197 1,887.148 304.793 The nurnberof ernVoyee5 whTrse anal remunera Vds more than £60,IKKJ a5 2Q24 Nwnbor 2023 Numb8v £60.001 - £70.(NY) £70.000- £80.000 £100.DQO- 110.0 £120.0(KJ- 130.iK¥) Taxation The thanty Is exenw irtome aThJ oaittsfaliNJ wrthin se¢bon505 of theTaxÈs Act 1988 orse¢t*)n 252 ef ihe Tawh?n charab Gans Ac¢ IWiotheextWl Ihaiitrwe we 8pph.ed lo irs l8bIe0bjfy. 10 In Kind Services In-kiThl ser¥eS provided to Bradford Cullure CAxryY L1rnIt in the y&r are.. WbOn0 legd services provided by Schofidd syety of £10,(nO a(¥x)untanGy service5 pfo4Kled by kets of£l0.rKK). 18-
BRADFORD CULTURE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Tanglblg flxed Cost Al 1 Awl 2023 AdJiti)ns 16,704 69.114 16.704 418.5)9 349.395 At 31 Marth 2024 349.395 85.818 435.213 Deprxialion and imwrrnenl At 1 Awl 2023 1.040 129.931 Depreciabon c3rged in Ihe year 110,020 19.911 Al 31 March 2024 110.D20 20.951 130.971 Canyng am(wJrt At 31 March 2024 239.37J 64.867 504.242 At 31 Mah 2023 15.664 15.f64 12 DODtors 2024 2023 Amounts fallin9 due within one yw. Tiade debkns erdeblor5 Prep3ymentsand arxrued ix)me 2.562.480 150.524 29.889 225.eA71 21.026 25.496 2.742.893 272.123 13 ¢rgdltors'. amgynts f4lllngknT*l¢hin y•ar 2024 2023 Tiada ¢r¥Jil¢ OPhBre¥Bdii(Ys Accruals and defer irKr 534.463 672 10.2QK) 193.L4 5.124 545.335 203.Y8 19-
BRADFORD CULTURE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2024 14 R¢strl¢t0411unds The inc4Jme furfsoltrc therity IrLth restrK Ih¢folowiry uneyndcd balences ofdw8lh?ns and gryants hdd INst Iw $twfic wrtxxes". Mov8mont in furJs The UK City of Culture 2025 Prqeti Delivery Inierrobon Pi0g18rrne Dewekymeni Br*lcKd Schoolof Art BradfiKd Counul- Drw Fty 274,938 1274.9381 1.135.665 1593.3291 542.336 89.1 13601 114.8591 Valurteering Prrgramn Box Office H Youryj Cro8livas Pro9Rm 28.9 ify).000 128.9891 11.3501 98.&40 I(M).ODD 37.076 3X).OCM) 100.(m 37.076 239. Film Pr(rarMe Head Office EststAisthent I110.20) 386.753 I.317) .436 1.751.73D 1733.6B81 1.114.478
BRADFORD CULTURE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Re$trictedlunth (Continued) Tho UK Clty of Culture 2D25 Prohct DeW¥ery Funding is received frotn kne 0eparbl of D grtd. Cumwe. SportlDCMSI to fund a successfLI laurth of ihe UK cty of Cullure 2025. The fu$ Ihe rwltèJership role8 8tK1 an inienm fundr8Nw 188m. ternatlonal ddlvery programme The woject has beèn bythe 8ribsh for oflntematNThl Flesear¢tt and Deveknpmenl. The wojed has been kn¥ar(Èd by the Erthsh for txyrrtsses afa Pn4ect Here and There- Tu l Tam Is chosEn dng UKIP(Aand Art scop fyants 2023 conlesL Tre propclwll Lztried out in Poland and eXore Ihe shared herit¥ of and ace in B10 at L(xJz through pWrWy. Bradlord School of Art The BdfOrd scr ofm ndl9 * a Cot1¢8rds Orinks aThJ c4terirKJ ftyth818ufKb 8venl of BD25. Bradlord Coun¢ll- Dragoth Fly Bralord coU1- Dragon Ry LS by ts City of6radf1 metro11 thstrrt Cwn¢il ratg to a 8D25 TV prryrane airing. The woject is tunJed by sp1 of2012 to prowde efi9awth. reu1 atKI traiDYW pathw5 frKvdunteprs with lh& am otong•)ng ovtrr 3.TOOvc4w)tws BiJtord Dth(a. YounB ¢rEativ88 pwamm The woject is funded by Harry Mary FixjThlaIK the obiectwes of hdping yOg peoFAe under the of 25. 23 WEII as IhE Fxumotion Of5 h2alth Ihe pUpub[M 7th1n the City of Btattk)rd Disiricl. Box Offic• Welcomo Htsb The Kyoied is fvnded by Cty of Brayfryd Kletropoitsn Gwrol to create a BD25 hub tthgh Ihe r9purw)siD9 ofa sparn bglThv the B025 ofw T twJb a(Is as a 8025 puty tsg (11Y basgLI t(Kth ponl for ergagemen¢ promotx)n arnl (xxwdination. Fmrn FKograrnm• The vole retste$ 10 fiJndis re¢w¥ed the Biiish Film In>ittrte Nairnal Loffery trcrema acbwtyacross Brlord as t4rtol BrEOftYd of t)Jhire {BD25} H*adoifi¢e EstsNishm• The wojecl relates ta ffix assets capfAI exPere fu bylhe tlentforDIglt. Cdiure. mad and tyrt 21
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BRADFORD CULTURE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Opor4¢ing 100sg¢rJrnrnitrnw Lc¥J¢c At the rewtrYJ thp ¢fwity (MrtsihlwvJ (X)nwnitwntsknf[e mi)imthi 8$e wyments under non-CancellaNeop8tsr leases. f811 due a5 lo1(. 2024 1023 Wrfhin yEar Bet4een and five yeas J.OLK) Go.0 10.(N)O 110,(hlO 110.0 120.0 18 Related yvty tAnsxtiLW Remuneratlon of key managemeni petsonnel The reneral)rn of key rTraA4gemenlws(n s a&fkn. 2024 2023 Agjregale Gotnpensation 243.370 123.076 Dunng the ye the tharity 8ntsr8d ll)toth8 with rd81 parttss." Related Party Tran5aclion5 Tru5tqe Ade Malik CBE DL Adeeba Cetxty Che. ExecultéeofQED FCAffidati( Bradtord Culre C¢¥rpany IBCCI co?lribUt É15.(X)O+VAfto QED FOurallon Lld. in sUPPOrt of YoTkshwe As1YouJACth[Awats. to BCC v3kE of £17.fX)) + VAT Kamn Rash Kamn is an ernpw of Irr¥)act Hub era(fford CIC. BCC paKI lrnpart Hub £2.586 c VATftr Hirt fty wuthnÈni atbvity. Kerslen Er¥JaThJ Kerslen Clief Exw)Jbve of CBklOC f¢y tkqrt of 2023124 8nd BCC recerwed £1250.(M)O cAKegr1(UrK19 ItKal gwanis to the vakne of£368.988.SO VH Brth)rd CixJtKiI. Mel Pkkup 6 the Che1Exye ijfry. BfaYf(Kd Teiry Ho¥rtaL8 NHS Fr. Bcc receNed È250.C(K) G.t FJrx fr CBMDC toward5 Soual Pre5(xftxrwJ & CVe HÈ¥lh hJdgÈts will on Ihe t*ahh and wellbelng or a4XeSS s¥5 Btadford 8 Craweii Heallli and Care Partrwshp arer&sp)rfyW&for. -23-
BRADFORD CULTURE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2024 Rdatsd party trtnsactions (Continued) Sasha Bhal Sa%ha an ernph)yee of hws Bralford Disknct tse FfJundalk?n Trust. BCC reed £250.CCN) Gt FJtxhn9 fr(Kn C8MDC towards Pre51xtsw & Ctpve Hth iudgets whth will [)$¥y on ihe traNh wellbeing ef aCSS service5whth Ihe Bradlord DtrIct & Crdven Heth Care PartrShp areresP)k1e for stu McKnnon.Evans Stuart hdcjtinnoEwanS is of The Unety Of Bradtord. which made a sWW5hyiltK lo BCC ofE32,IXM)+VAT. 19 Cash gon•rat•d from otwatk sUu$ year 2.123.851 613.5)9 AdpJstments for." IGainyloss on (Isposal of taVJlb fixett a5 DÈpre¢iabon Iwairffnt of ngle fixed assets 470 1.040 129.931 Mov8ffnis in ¢8F4ts1". Ilncreasel in de01$ Iwease In uJrtors 12.470.770) 341.787 1230,8651 175.396 h genertted OPErnti 124.799 S59. -24-
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