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 nuM￿r 1194599

BRADFORD CULTURE COMPANY LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustaos
AdE￿a K4all( CBE
S*xyah Peryez
Sts￿rt Wnryn.Ev¥tLS
Moh8rrYMed K*mr8n
Mekny P￿￿p
(A￿l￿ted 12 May 20231
K￿Sten EThJaNI CBE
Sasha Bro1
Ph l Baty OBE
DeLYa Jukes
Ca￿1 OewlxJraOBE
IAwKrfnled 10 OGIDber 20231
DrAsrf Q&￿[
(A￿l￿tEd 6 Febwary 20241
Charfty number
1194599
¢ompany nyml)*r
12331Mf27
Principal addre5
Unit E2 Cenienary Sou¥&
9 Adelman￿ry
B￿j[Ord
BD11SD
Rfjgistsr•d offi¢•
ChLYth Bank H￿se
Sttofdd SweerEy
ChLrth Bank
B￿1[￿0
BD14DY
Aurjitor
cart￿ H(xJse
BD14NS
Bankors
10 lknel Str
BD1 IEG

BRADFORD CULTURE COMPANY LIMITED
CONTENTS
Pa98
Indep￿dent audilafs rer
Slater￿ntafr￿a[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 t1￿r annual atKI Ina[￿￿ I￿lheYear￿ed 31 Matth 2024.
firhonuel slolem¢nts hevc b¢en prepared in xoyd￿¢Cl￿lth ￿ •wounbry zet wt M notc 1 to ihe finynciol
sialemenls and comkly with Ihe charity's M¢Y￿r￿dum & thdes ofAsg)oatK)). ts CryY¥Janie5 Act 2006 8nQ"AccountiTrJ
3nd Rewrting by charkn￿ Stalement of Rec(ThW￿nded ￿￿￿a￿le to tharities prepanry th2r a(￿￿￿ts in
8¢(x)rdantewrfh the Fina)Ci￿ Report￿9 sta￿a￿d aprltsble in the UK aThJ RqmltA￿ of Irdand IFRS 1021" leffedivtr 1
January 20191.
Obje¢trwes and a¢ti¥rf*s
chadly¥ obia¢ts arn.'-
To ad￿Ce e(ttxatsw oflhe g￿￿￿1 the ans artsti¢ aThJ cullurdl hgitsge of City of Bradl0￿ arnl
in wt1cul¥the￿ts of perI￿rr￿￿. rnugc. (trarrB. rEadry. scuwre. panbng. handKTafts and ai as￿ated
To ad￿ce knearts in par￿JIar the arts of p￿1orr￿at￿e. dTaffta PDeJy realing. 5fxlptwe. panting.
handitrafts $1 Olher as80¢18ted afls. byertwra9ry In Ihes8id by the presenta1￿￿ of
performances. exhi￿1￿￿5 and (Wiv8L4 th81 ts proTh)lion ofwr* festi¥8ts ar￿ everts is un¢*rt8ken 501ely
ror the PL01￿ benefit.. and
To promtrtÈ IhÈarts heritage ftrthÈ Il* KMJy￿WithIn Ihe City ￿ Bradl(￿d In parbttJLqr bul trxclusively
by surwtin9 the *d herrtage S&trIhro￿ reptesenktion and dp¥elopme
Thp tknarilies aclivrfies IrKlude."-
Mekqs g￿nIg 10 indThidua$
M*es 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 Ch*ty in deciditpJ %Yhat *tivities Ihecharity
K)uld ul￿tr1dktt.
A¢hifyvom¢nts and porforma￿e
Activrtie5 Durin9 the year
bradfoid Cuttur8 Cornpany was establthed 10 Wr*)￿e 8nd er￿Urage Ihe dwdowenr of 8rt$. cultural. horhage
trealive acbvilv35 proTnole acc055. atKJ a￿8¢181*￿ of Ihe widp51 ￿sTA￿e r8no0 of cultural. arKJ cr8at
8ctNilies in the Bradford dwn¢t.
In May 2022 Bradtord was anrK)UtKe(1 Ihe UK Cty of c￿re 2025. The was a te5tarnent to 8radford's amtstion to
bè¢omÈ UK City of Cultu￿. an thai h*J beets sèvewal In Ihe maknng ar*J dÈmn*aied Ihe tohesim PAYJ
sherBd goÈl Ior ihp dighGt.
prim*s fcw)Js of the OlWiSaion'¥ wcyk par to the fi￿d8. 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 ra￿d S￿nIficant funtk frorn City of Bradf(Kd Cwncil. Department of CuHurp. Modia and StxKt,
Arts Counul England. Swril of 2012. Britr5h co￿￿1, Nat¥Jnal Lottery Heritaye FutKI and Nation￿ L(Atery Cgtnryjnity Fu￿.
Wth TruSts￿d FOU[￿a￿On5 and sp￿r￿￿tr￿. trms ￿n9& thr& lo ￿ agtFed bLwW of£47.5M.
oard. vihi¢h was $treng1F￿ in nun*ws k851 year. has 6518Nshed itsdf 10 SL¥W1 lh& EieoJtsv• ioinllylod by
Dan￿1 Bates (Executive Directryl aThl sh￿aZ (￿trar (Creative Drectr*l arnl ￿￿ets tifftes a ￿. ￿th the subcornmitiees
ieeliiig ts￿rrK￿thly. ThESV expetl subcotntThllees tnLMlure of Tru*eE5 a'￿ BssooJIE rnE￿i￿￿5 whg tyriig wi¢er
experien￿ and experbse lo Ihe subc1￿MitIeeS Io Fansu? we are [Tr￿M￿l¥j the impact Df UK Thty of Culture across the
entire districl. Th￿e indude kry staketrKAaers and representatives from UnIve￿ty of BradfoThl atxl City of Bradford
Metropditan Courtil. reweSentstiveSfr￿) ￿ Arts Herna* s￿1 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 ffta1nla￿ed arKI revivwed wukrty at each 5thJtNnittee. a suite of tKArdes that [na￿￿e conflicts
of interest, safew8rdiry d¢.
As Bradford is LY)e of Ihe yourvJe* cthes m tre UK. a y￿th 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 a￿inted to supwrt the ddNery ofth2 year of ￿tt￿rE. 46% of whom live in Bradford
nd 91% live in Y(Kkshire. We kÈve a (li￿52 team *ilh cortwnunty netwvkws. canrecti)rs ar￿ vdunt8er ¢¢>ordinaiots
workinq au055 the d 5knct. AJI curfeaTn rereNe trainw in Safegu￿b￿Q. Ineracy. firsf aKJ. dala ￿￿tection plus various
-housa SÈSSKYts tr wple m*agenwt soft skils. In 2024 wwe nt*Jded 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 knOw￿dye 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 ￿et￿n 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￿ e￿1 or94rdser5 and funder5to
tske lotward.
Tha EValual￿n to￿ we rth •i tlace aThY have ¢¥rt8ss f(K data cdwion and are Suppo￿ by 8n eX￿rt
Tprhniral Rp.Ip.rp.rrp. £￿1￿. 34ing*¥Jp. L.nr￿￿glty nf 8ratrd Ihp l1nwp￿lty nl LpprL4 An Evalilat￿
Data Strategy aro finalised. ¥rKI an innovalive Econcmr and knal V81ufr Imp8Ct k*ssment 1$ undgrw8y. We h8¥e
Co￿￿eted a Househokj S￿Y 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
DIr￿l￿-Gtneral Tim Dawe. The partnwsh¥ Fth*Jes 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 a￿mt￿ With the Bradfr*d 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 Uve￿11 progtamme ddivery. Wthin this,
Bradford 2025 funded and supported TrMrferlditpclLY JadE s dplmrt fpature fqrn The c8￿￿j0ny. The filtn won M)È
bradford-b￿Th and ba8ed éirectty Ihe n8ugural Sw Qnnery Award FilnThakiig Exc4￿. al this y8¥$ pr8slgknu$
Edinburgh Interna￿nal FOM Fesival.
Flnanclal rpvlaw
TTr￿ income lor lh8 ye¥ was £6.286.TT9120d3 £1.501.8361 exrth*Jdure ￿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 de59r￿ted 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 cl￿lder ihai
rèserdes at this levd Will ￿S￿re that. in the ofa sgnffiwidrop in fthdirg. they ￿111 be atrle to ts)nlinue the i*anty's
current ￿11￿￿1￿$ while WIS￿eralK￿Tr 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 del￿ery ye￿. Th8
unch of the firsi Brtdford 2025 Èvents t(*>k p￿t on 12 SepiembÈr 2024 Iwe frtm Sl GetrrgÈs Hall arxl BBC'S The ¢
show, r8c*Ying an extramety r8s(￿￿tr.
Wrth a new website snd Irkettry and sa￿$ wnt. s(rfre events go on Sale in Autumn 2024 bi rKepar$ti￿ Jawary
2025 when BradfDrd's UK Cty of Cullure twins.
Funthaisiny Upd810
W8 a wccessful year of fu￿raIsIr￿. devekp"w relabwshps l*lh spr*Eors iThYu¢iry Y(¥ksfire ¥Valw. TL
Dallas, UnNersity ot Bradford. Schofiekl s¥￿ney and lA0m￿s.
Section 1628 of the ctsrib.es A¢t 2011 r8qui8s to n￿kO astalwm8ntreg*¢ing fuf*[8￿￿ activthe8. Vttvle Br8oYord
025 does Th)t undertake whle5weal lundiaisfvJ fTom ￿ general kne defm25 fun(tsww 8s"soli¢iting
th8twise wocuring rmney other Fwetty for chaty.able wrkK)ses". We can confirtn Ihat all S￿￿￿taIlOn$ are rnana￿
Iternally. wiihc4Jl invtdvetnenl ol colnw￿￿aI patiKyal(M5 or P￿eSS￿al 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 CoM￿Y vdurtsrily Mth the FUrKIrasr￿ ReguL4Ws CO￿ af P￿tiCe.
We have reG8rved m compkints in rekbon to actiwiip5. By ￿ryth the FundraNng Regu￿t0￿5 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 artK*SdaSsLKiatiL￿.
trusieÈs, wtw) are ￿$0 thÈ d*ptitrs fot wIp￿e of (xJnwan> L*v. *J servedduring the year and up 10 thtr daitr
ol sign81uitoflh8 Sts18mwls YM8-
Mary Dows
Adeeba Malk CBE
S*￿Yah Pervez
Stuart MtKinnon-Eva
Mohatnrnfd KaTnran
MeL4Try Pthp
Arwgh8n Ilohammed
ex Huds(
Kersten EnoL¥rvJ C8E
s￿ha Bhal
Pkil 68tty OBE
Dtr￿a Jukes
Carol Dewmrst
Ruth Ibegbun¥
Dr Asrf Q*m
(Arv￿nted 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 dir*torby 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 h￿tee5 are mem1￿5 ofthe ctxnpany
auarantee toeonintmrte £1 in tr*everf ora vArKling up.

BRADFORD CULTURE COMPANY LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Th8 d￿ri￿SdeaSIOnsare IT￿e by Ihe Board TrLthes. With theExeLwiNe th￿rI&m5 bany re5PDn5ible fDI th8 day
to day runnry.
Audfj￿r
During the ￿3[ Azets Audit s￿￿ces Lwnitel, tradir¥J as A2els SewvrEs. v￿re apponled as audit(¥r5 fdlowing
a¢qUi&tiLN) of Na)lor Wini*r¥9ill Lin*t8d. ￿ 1 May 2023.
In accordan￿ wrth the cory)anys arbcles. a resolubon that Azets SerVi￿s be reapp(xnied as auditor af
Brthrd Culture c￿￿PanY will be Fmrtal Ihe Generdl
Disclogureof InfonTr￿l￿n to aulitor
Each tsflheirLwees h85 mnfimi&Y that the￿ L5 ￿ informtyi ate ¥￿e vthith is rdevani to the wjdii. tut of
which the auditsr ￿ U￿Ware 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 aW￿e 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 dreL*x5 of 8[al￿ Culth Cornpay L purpuse of￿￿panY law,
respty)wbk ryeparin9 the Trusrees. Report tFt siat2ments in aprlK*18w and Unrted
Kingdom Accountin9 S&rvJwds (Unrted ￿￿rt¢￿ Gen￿¥￿f Accwed AccoLnl¥¥J PrxtKe)
Comp8ny Law requres the Iru51ees to prepare financwl Slaterr￿￿10re￿h fvanual yeafwthth give atTue atwjfair ¥￿W of
the State ofafaiTS oftt*eharity and ofthe inctmirpj rtsoLW¢BS and ofrastyJr¢e$, indudin9 the ineom *d
expendiW￿, of the Chailab￿ ¢c*npanylty Inal year.
In wepwng these finart￿l slator(*nls. tnkstses we iwjwred to-
-sdath suitaYÈ aNlthÈn appty
- d)seNe the melh(hlsand pmrarles in ￿ [￿arit￿ SQRP..
. makel￿￿r￿ents e5timatesthat are red￿nth prLxI￿l
. wepar8 financ￿1 stat8nM)ts cffj 9onJ bass il Is r18pwwats lo prasuw* Ihattrfr d)8rfty ￿11
continue in O￿ati￿.
The trustees are re5Wn￿b￿ fDr keetxw adewate accounti￿ reijyes th3td￿k>Se wth reasDnaNe accuwy al any the
finarKial posrfit>n of the Gharty enthle thetn to Ihat the sta￿￿ents 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 p￿vent￿n
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 financ￿1 ststements of B[￿f￿ CLllure ConNHny Lirrmled lthe'chatity'lforthe lear ended 31 March
024 which Garnpris& th8 stal8rn8nt aff￿anCIal acIN1t￿ th@ baat￿& sh8oL thB slai8r￿￿rt ofGgsh flows not85 to th8
finanoal staternents, I￿lUdi￿j ￿gry￿(Z￿l ac0￿￿rt1￿j Thef￿￿￿al re￿rtIng fratDewiyk Ih31 has applEd in their
pr8p8r¥iv)n IS aP¢￿1¢ab￿ law sr￿ Untsj St8tvJ*d$, vr*Jding Finan(44 Repottsng siandard 102 The
Financial Reporting Stantsrd appAcable in the UK a￿lleput* (Wlreland (Untec Gener4lyAccepled AccauntirvJ
Pr￿1*).
In ouroFinKm, the Stat￿￿ents..
give 3 true arxl fair viwi of the state of knedwitaLqe uxnpanys a￿KS as at31 March 2024 and of ils irKomi
resourcps resource& for the yearlhpn £￿ed".
have bew pr(￿￿Y prep￿￿ in acc(KdarKe *ith Unw Gervalty A(x*ttl Fbctwx..
have been pyyetl in %Yith thfy requywnentsoflhe cLKnPan￿ Act 2(KJ6
a5is lor opinion
We conthcted our 8ud* in a¢eorthee lThtvr01KThI SlaThlardson IUKI IISA5 IUKlland aPp&￿Ie law. Our
[OSFx>wblibes ￿der those siarKlards are futyw described in Audilolsrewn&bili￿s lorlheauditoflhe financial
staleffienls sethon otixY rewt. We are i￿￿￿ent ofthe clN3rty accord3nce *ith the ethi(xl req￿rel￿ents that are
relevant lo aL￿￿Or￿E fw*nc4al slatetrEn15 In Ihe Ult. irK1uJ￿gthe FRC'S Ethral St￿￿ard. and we have fufilled our
othèr *th¢8J respon$*lil*S in accordance wlh IW8 requirwents. W• Ihal Ihtr audrt evidenco sv& haveobiained is
SuffiC￿Trt arKI approw2te to provthle a bas￿ fv (￿rOp￿r￿.
Con¢luslons relalSng to golng ¢on¢ern
In aud￿ng the finanaal statements. we have that ts tru5tees' use oflhe ￿1r0(￿)nCeM basis of in Ihe
pr&paraiM)n of the finartial staiem8ni8 apprO￿late.
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 lin3￿C￿ staterrbEnts are authorised torissue.
thJr tpw*bihbes the rEsp)[￿bIll* ol trustfes with COt¥xrn ¥e d￿￿bal in Ihe t8lpvanl
sectK)ns of repth.
other Information
The other irformal￿N ¢xxry￿￿e5 1nfarrThHt￿ indLMled anrwa rewriolher han the ￿n￿cL41 statements and our
audilofs re[￿￿1 Ihereon. The trustee5 are re5Prns￿e f(Klhe other Infr¥mat￿ ￿￿ta￿ed 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 $0. ￿SIder*￿ether ihe olh¥ Informathyl IS
materially Irv￿￿13t¢nl thnlh fin￿cIal stotfrTwts or knO￿dQ¢ obt¥4ned in ts wr5e olthe audit. or othEYwise
appears to be maleri811y If ¥¥e W￿lfy s￿h m)twia if￿L)l$st￿￿¢¥ rfy8rent mal¥ial tnisslatefftenls, we arfy
required to determine thher]h￿g￿e5 r￿e to a maienal Mi￿statement in the ststem2nls thetnsdves. If, based o
the wort we have pertorw*d. ¥4e Ctydutett*Ithe￿ is 8 m8ien81 ￿￿$Sta￿trI of thÉ infc*rnètitr), we 8re required to
port that fact.
We have ndhing to report ￿ th￿ ryd.
attews on which we awp r￿U￿1 10 rew¥t by exc￿lon
We h8v¢ ndhing to report ￿ rwect ofth8 Iclh)wYvJ ma*8rs in rekgkn th8 Charo8s lknwnts ar￿ Rep)rtEI
Regulat￿￿5 2D08 18qure us to rewKt to you *. n OurWK￿.
)e Infomauon yvtn In nn8n¢*i $i*emÉnts Isinr￿S￿OthtIn any Ma￿ts1 ￿$pett wbth the trust808' roport". LY
suffiCEnt accwnbry recort ha¥e Th)t kept..
the f￿3ncjal 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$prjn￿bllllfj$ of trust¢•s
A5 ex￿aIned m￿e full> ￿"he State￿￿1 of Ituslees. rEs￿[￿blit1es. thet￿￿tee5. wkK> are aso the diiectors ofthe charity for
th8 purpus8 of co￿pat￿lSy1. th8 of fnanEi4 strdt8rn8nts arKI for b8ing satisfi8d that Ih8y
Ive a t￿e fair YEW, and Inlptna as the trus￿ deter[TY￿ 15 r￿Ssary ID enab￿ the preparBlion of
fin8nc4¥1 Sta￿9n￿ t￿1 are free fretn Try$stsie￿l. whFther due 10 fraL* ot ettor. In ptppanng ihe fnantsal
ststements, the tmslees are res￿SIble for charity"s a￿lItyt0 ￿tinUe a wing crlncern. disckn￿W. as
applicab￿, rnattets rdaled lo grf￿ng Us￿9 the baS￿OfaccwnI￿g U￿e5sthe Irusteesether intend
to Iv4uidate Iha charrfable ccvnpany orto cease Lwatiuns. ￿ have x> reah5tK aNernatNe bul to do so
Audllofs responslbll(tle5 for the aLKlliof Ihe ftnanclal stateme
We have b2en appointed as audilu under 144 o'the Charthes Act 2011 and rerth n accordan￿ the Act and
relevant regulalKJn5 made havry effect thereuThler.
lknro4ecb¥es are to obtan reasixHtrAe assuran(? ?1￿￿1￿h2therthe ￿t￿Cla skiements asa whde are free froffl matenal
miss&tÈmÈnt, wheiherduÈtofla￿j ot Èm. and 10 tssutr *) repm lh* irt1￿(XJr 0￿ryOn. Reasonab￿ assumn
K% a high levèl ofasstyanct bul 6 rth a guai*ie8 thai w a￿J l (wductsd F) accordar￿ *ilh ISAS IUKI %yill abways ¢*i*¢t
material misslatemenl when it e￿st5. Mtsstatements can artse fr(xn fra￿ orerror C{)￿de￿d Th31erial It. hTrdiwdually
or in thB aggregat¢. Ihey COU￿ reaS(X￿￿Y exFECted b Y￿uen￿ the eCo[￿￿￿C dec￿10￿5 ofu5ers tsken on basis of
these financial statements.
A fwtherdescrwon otow reS￿r￿1b11thes is avalable ￿ the ReFxthg Cwncil's wetNle a."
hltps."IA¥vN4frc.(Kg.uklaudit(X5responsiblrties. Tris de￿p￿ for￿5 ￿ Dfow audilo¢s report.
Ext•nt to 4thlch the audiiwas consldor•d capats￿ of dRt•cting irrwlaritiks, fraud
liraguLq,thtrs. indudlw fraud. 8r* inStsn￿$ otnon4ynF4 arKe with igws aTrJ r$gU￿￿on$. We d9$￿n procedur•s in line bwih
ur respon5bi1￿e5. <Julined above arml on the Fi￿Cl￿ Retx)rtw Counul's webth. todelect materk41 m￿sta1￿￿nIS
respect of i￿esUla￿lES. IT￿￿1r￿ trajd.
We ￿K1 upd3teour ￿de[S￿ndry oftheentity. it5 a(aMtEs, ils ftmronttth. likelyfuiure devpk)wnentS,
kicluding in Yel8iiM io Ihe legal aro reg￿alery framwrK 8PKl¢*le aid Ihe enb.ty LS c¢mp￿r￿j ¥*Ath that fr8mew(rt.
Based ￿ Ihs und£rstandiry, we tilentsfy andassess lher￿ of rnatenal ￿￿Slater￿ent oflhe fin￿C￿l 51aiements. whether
ue to fraud or ewor. design and I￿r[0￿￿ au(kt txtKe(lJres re5wnswetollK>se risk5. obtan ajdil ewt$2nce Ihat IS
suffic*ni 8NJ appw*e to prO¥￿e a b8si% ftr tyJropintiy). This ir￿l¥JeS ¢(￿$￿j￿81K￿) ofthe rsk ofacts by Ihe entity Ihat
weTr conir*y to L¥*s and wjlabons. i[KI￿j￿9 frawj.
In reswnselo the nsk of wregu￿￿ a￿1 ¥itth 8rKI r8gubtK)Ths. I￿￿Ing fraud we d8sigEd
proce(knres Ir￿￿e￿.
En4ury of man¥J&mii art Ihostr ¢harged wth wv*nartsar0￿d a¢bJai 8nd k￿ntral and as wel
88 8du81. su*e¢led alleged Ir*Jd-
Reviwing r￿nthe5 of meelngs OItth￿ chargee with 9)Vem¥￿."
AsgessrvJ Ihe extent of Compl*￿ Yalh the ￿ 3rHJ (x)nsKkned to ha¥e a direcl Th￿e￿al effad on the
r￿a￿al 51aiwD8nts ￿th& operaborrs ￿ the entity Ilwwgh enqury 3tKI nyc11￿".
Re¥iewng finawal stalemenl discJoyj￿ and testw6 to surffrfbTrJ ¢oAmentabon lo assess ￿Mpliance wrth
8pplic8bl$ 1gv4sand le￿18]￿)n$".
Performing audrt work overlhe rpsk of lnwageffl￿rt tias and o¥erride ol Uxttfols, indu(Sng testyw of trournal entries
and other adjustrnen15 for app[￿riatene5s. eva￿1￿ Ihp ￿nesS ra￿D￿a￿ of svjnrficant tranS￿>n￿o￿lSIde the
r*Jmal ty)ursa of l￿￿n*¥$ and revieww acttyJnDrvJ astimats¥ I￿￿¥￿r$Olp0t￿nIrdI knas.
Because of intre￿rt limitaiify)$ of an aNJi-. ihere É a rtsk ihai we¥AI delect all Ir￿Ul9n1￿, Inclulin9 Ihose kadin9to
a m8twial r(MSStslemwl finaw ststementsw rKTrc￿￿r￿rte %Mth reWktW￿. Trys r￿k irKxeases the fflLYe Ihal
cOrn￿lancewith a Law or re￿￿tion ￿ rerrK>ved froTh thee￿ts armItr￿5th)n5 reflected in the f￿an(la1 staternerrts, as v
wil be less Skdy to becorr* awa￿ of Instances of n(wrt(Mnpk"an¢e. nsk of rK>idetectFIg 8 m8iengA m6stsitrnent
r&sulbng fraLMJ Is hightr than forsTh tesJlbng ftcffj) wrty. as fvwd rrkgy •)the forg￿, Intenlic•BI cthkssb)ns.
mlsiepresentsti￿$. ty the override of intrrnal conucl.

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 Ch￿ty'S b￿slees. a5 a Wy. ￿ a￿Orda(￿% wth part 4 ofthe Charities lAC￿nL$ and
Réports) R￿ulat￿nS ￿08. au(It ￿ ha8 bB8n ￿￿￿tak￿n su thatv￿ mw*t stat8 to thf* charitys Iru5t88s thos8 tnattots
we are requred to stale IDt￿rn inan a￿rtI¢$ rèp¢MI for at￿ puttx)se To Ihe ful￿1 exienl ￿T[nItted bv law, we (
018tsBPI oi assurne resp￿s￿lIty lo any￿e¢l￿￿t 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
8￿1[￿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
ch￿rtab￿ 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¥en￿rrt 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 (￿M￿leS with IhÈ rtQuW￿ffiÈ￿ts 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
Unrestr￿led fuThJs
14
1.114.4",
1.921.360
96.436
815.550
3.t135.838
911.
The C￿p3nY ￿ enknlled to the exerrptk￿Irorn he aL*lit rewiremernC￿raITred n 5ethtm 477 Olts cOwn￿SAct 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￿￿ forC￿np￿.ry wnh ￿ req￿re￿entS oflhe CompanEs A¢t2006 re5ped
to accountiry records and Ihe Preparati￿ of￿arria1 Stat￿nents
Th8 rneffl￿ have not required the to obtain an audit of its staterr￿ntS und8rthe requitemw*s 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 Q￿PanIeS regin￿.
Ihe financ*1 Strte￿nts Thwe apwoved byttE TrustePs￿ 10 Do¢ernbBr 2024
Kersten Enolar￿ CBE
Tru5tetr
Compak)y r9g1stra￿On numbor 123XQ27
10-

BRADFORD CULTURE COMPANY LIMITED
STATEMENT OF CASH FLOVVS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Cash llowsfrom opornung aCt￿lt10S
19
124.799
559.&fj0
Inv•$tlng actlvOt1•8
Pwchase ofI￿gi￿e fixed asset
{418.X%81
110.7041
Not cash used in Irbvestiny xti¥hles
1418.5081
116.7041
t ¢a$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
A￿OUnt￿9 pol￿195
Charity inlarmBtit
Br*liKd Culture CoMp￿Y Lifflilgd 15 a ptivate (xjwny linthl byguar8ntee inc(xpN*d in W8bs.
istsred offKe Is Bat* H(¥Jse. SclK)fiekl S*w*y. Clyjrch 8rwJford. 8D140Y.
1.1 A¢count*lg comtenti
ihÈ C￿pan*S 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￿$." S￿￿￿ent ofRecornmgndfrJ PwiKp
applicatrde to charthes weparing tsr3=counls thi accOrda￿e¥￿th Ihe F￿anUal Rep￿￿tsng Stand*d applit*le in the
UK and Republic of 1rd￿d jFRS 1021, leff￿e i Janu¥ 2D191. The d￿[rty ts a Benefit Entity 35 defined by
FRS 102.
The finarv81 stalernents are wep3red n sterfirwJ. vthich is Ihe cuffercyollhe ttllrity. Monetaryamounts
lheSefin￿C￿I ststeM￿ts ae rwI￿ed io Ihe nearest£.
The finantial sta*rrtnts have been wep¥ed ￿r￿the ¢oa oJTrenbon.Ih? act￿n￿rg wlcie8
adopted are sei oul bek)w.
1.2 Going concem
Al the Iirne of8ppwry IhFfiDar#)al stsi&tw)is. IhF buÈlBes habT a [p¥xnab￿ eIpFdab￿ thal th9nly ha$
adequale resour￿ to continue in opratiDnal e￿Ster￿ 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 tr￿te8$ 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
E￿OwMent[unts are to 1x)￿rt￿ by (**KKsthatthe (xptal rnust bp MaIntan￿ by th8 ch*ty.
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 bere*￿ed.
donation. Unl￿ perforMa￿e co[KIth¢M￿ requye ￿ferra oflhe anN)unL Inuxne tax re{x>Vera￿ in relation to donations
￿e￿r¥ed ￿der r￿ft or deed5 of covenant is rewised altre InEoflheik)nakn.
Lega(ies are rec(wJt¥sed ￿ receyl Il the ctkyiity has l￿en tKJbfvJ ol Bn ItnpEnding dislributs(n, the
am(xJnt is ktK)wn. and r￿1p1 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 I￿￿1here oriThstnM*Ne dAvja1￿to tra[the(￿Orn1C benefrttoa third party, rt
1$ kYObabl6 thai a Iransf*rot￿rth￿ bènaffts ba reQ￿red w) Stlty8ff￿1. amoml of oblKJabon Can b&
mea9Jred rdigbly.
ExpPrKIlu￿ is d¥s5ifpd byxty￿ty. (xEts ole*h **vity tn*J& ￿pOItt￿P tdal of dirp¢twsts ¥t¥J shared rosits.
induding suptx)rt(X)sts involved in utKJprtakry eath thty. D￿￿ta)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 tysourc*8
where approwiate. Central staff costs ale on Ihe otbm2 SP￿ i*weciatKkn c*harges are all￿ted
on the portK)n trfthÈ asset's use.
1.6 Tanglbh fixed assets
Tangibktr [￿ed a¢s81$ intsty n￿￿d al cosl aThJ >Jbsequenty mEasur8d al(￿ orvalualon, ol depredation
and any Irrpairrrent losses.
Dvprwiaith is i¥¢oyntsed >0 ats ￿ w￿1￿￿ (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[[nw￿d as Ihe¢iffeTetKe sa1E p￿cEedS 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￿ ￿r￿3 Ye asts￿$ to whether
Is any hndication thatlhose aSS￿S 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 Inv￿ments
ongn81 m8iwrf￿s elltrffee ￿s$. ba*(wdrafts. Barth wdrafts are ￿rythfft borThings In
current liabilthes.
1.9 Flnanclal in%tNrn•nts
The chanty has ￿eCkd to aprAy pr￿￿S of seth￿ 11 Fnar#ial Instft￿ents' Section 12'0ther
FinanG*l InstrurThents Issues, of FRS 102 to 41 of ts irthjwts.
Financial in5￿ments are Ywis*Y in the thanr>¥ b￿r￿ the beo)mes paty ￿ tt*ec*ttractu
proV￿￿7Th5 ofthe 1nslruTr￿nt
Financial 35set5and habAitEsare offset. *ilh the rEt arnwrbts wesented in the ffiTha￿ slalements. when there 15 a
I￿allY enforceablè rightto Set off Ihtr re¢tyJntsed *nrxJtrt8 there is inteniN)n to Éèlde bas￿ orto r881i%è
e assEI and 5eiiie Ihe Iiablily ￿r￿ul￿￿O￿l￿ly.
Inanc￿l •55ets
BasKfinan¢￿l a$s8ts. irKludg debt￿$ cash ban* babnw. inth8lly Measur￿ 81 IT￿￿¢t￿)n price
induding trans3d￿ costs and are ￿#￿ent￿￿￿e￿ at aThKrt5ed L￿1 UTArvJ tre eff￿l￿e nlerest methoJ unless
ihÈ arraryemeni£onsiituteya finanon9 11*S*th, WtwÈ trt traw(#KMI ts n*8sured ai [￿sent valL* oftr
fvJiure receipts (*S￿nIed at a market 1810 of ini¥￿. FIr￿r￿1a1 assets cossthed a$¥￿Vab￿ wthin yaar are not
arno￿Se￿.
13-

BRADFORD CULTURE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS IcopillNUED)
FOR THE YEAR ENDED 31 MARCH 2024
ACcoUntw￿ pol￿•e$
(Continued)
Basifinancial liabilities. hycl￿lIrVy Credit￿ barth k)ans are irMtiatyrwTh5ed at￿Saction W￿ unless the
arranyèmtrni ¢￿s￿lUtes a finar*iryJ the dd)l inssumwl ts measured al th6 pres￿1 vau* of the
future payThEntsdiscotsnted ata marka rafr of inleresL Financia IK*iniÈs dasAfied as payable wrttrin ore ye¥ are not
afflorbsed.
Trade cr8011c￿ 8re o￿l981￿)n$ 1¢ pay fwgcthsorsefvKXS dk41 have twi a¢qwr8¢ ￿ the tydinary course of
operaions Irorn supplers. Arnounts Pw/ab￿ are ck5silied as cwrent1thsl￿S rt payment 15 due wrthin one year or less.
If not. thÈy arp pie$enled as non4￿[rent kablrtEs. Trae c'etitots are [￿n￿l Initial￿ ai ptice and
SubseqUen￿Y rneasured at a[nOrbs￿ m ￿AnY tseffthe rterest rr￿.
Financial liabilthes are deretwised th3nty"s (X)r*r￿￿1 ￿￿3t￿￿s expKeiJrare distharged I￿￿￿l￿d.
1.10 Emploype benEfits
The CDSt of any unuse¢l entiU￿nI B recrynwj in the petmxl Ihe eTryk>yeesWvi￿are received.
￿neffits s￿ reco9ntsed i)whaielyasan eytse the (tharity 6 denK￿$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 retire￿￿1 benefft Sther￿sare Char￿ a5 an expP[￿e as 1hayfall due.
CritiGal accounling e5tim*es and judyrDentS
In the ap￿icati￿ afthe tharivs a(xxMmtiw w4Kie5. the InJ5tee5 are requwed lo [r￿te NIdg￿lE￿ts. estitnates
aswmpions ¥bcut the ¢arying awurrt ofassets >id hablrt*S that 81e not reathly 8pp¥enl fmm ￿her swrces. Trt
eslniates arvj aoso¢K8ted assLnWKyS￿e 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￿¥[￿￿ tsa￿5. Re￿5￿￿￿ 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 per￿5 v4here the affects ￿1h cUrr￿tar11 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
115.1￿3
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
Restr￿e￿
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
An￿YSed 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 T￿Stee(sabbryah Pervezl **re pawj Ju￿￿23 i£ewi and Marth 20241£7501. ThètÈe5 were
P¥kY for an eventatte￿ar￿ in 12023- rwel
No other trustee5 Iw any persons COn￿le￿ thernl rec￿1 any remweratKnty benefts from Ihe charity ¢JLxing
the c￿rrent or woryear.
Dunng the yew a le￿ ￿ £U16 *8s foi travel 8x￿$45. 4 truswvme ￿￿t¥J￿0d.12U23. rnnel
Enykjyees
The ￿er￿e 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 an￿al 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 ￿ char￿ab￿ Gans Ac¢ IWiotheextWl Ihaiitrwe we 8pph.ed lo irs ￿l8bIe0bjfy￿.
10
In Kind Services
In-kiThl ser¥￿eS provided to Bradford Cullure CAxry￿Y L1rnIt￿ in the y&r are.. W￿bOn0 legd services provided by
Schofidd sy￿et￿y 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 c*3rged 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 Ma￿h 2023
15.664
15.f64
12 DODtors
2024
2023
Amounts fallin9 due within one yw.
Tiade debkns
erdeblor5
Prep3ymentsand arxrued i￿x)me
2.562.480
150.524
29.889
225.eA71
21.026
25.496
2.742.893
272.123
13 ¢rgdltors'. amgynts f4lllng*knT*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 Ir￿Lth restrK￿ Ih¢folowiry uneyndcd balences ofdw8lh?ns
and gryants hdd ￿ INst Iw $twfic wrtxxes".
Mov8mont in fur*Js
The UK City of Culture 2025
Prqeti Delivery
Inierrobon* Pi0g18rr￿ne
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(￿rar￿Me
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$trictedlunth
(Continued)
Tho UK Clty of Culture 2D25 Prohct DeW¥ery
Funding is received frotn kne 0eparb￿l of D grtd. Cumwe. SportlDCMSI to fund a successfLI laurth of
ihe UK cty of Cullure 2025. The fu￿$ Ihe r*wltèJership 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 d￿ng UKIP(Aand Art scop￿ fyants 2023 conlesL Tre propclwll Lztried out in Poland and eX￿ore
Ihe shared herit¥ of and ￿ace in B￿10￿ at* L(xJz through pWrWy.
Bradlord School of Art
The B￿dfOrd scr￿ ofm ￿nd￿l9 * a Co￿￿t￿￿1¢￿￿8rds Orinks aThJ c4terirKJ ftyth818ufKb 8venl of BD25.
Bradlord Coun¢ll- Dragoth Fly
Bralord coU￿1- Dragon Ry LS by ts City of6radf￿1 metro￿￿11￿ thstrrt Cwn¢il r￿at￿g to a 8D25 TV
prryra￿ne airing.
The woject is tunJed by sp￿1 of2012 to prowde efi9awth. re￿u￿￿￿1 atKI traiDYW pathw￿5 frKvdunteprs with
lh& am otong•)ng ovtrr 3.TOOvc4w)tws Bi*Jtord Dth(a.
YounB ¢rEativ88 pwamm
The woject is funded by Harry Mary FixjThlaIK￿ the obiectwes of hdping yO￿g peoFAe under the of
25. 23 WEII as IhE Fxumotion Of5￿ h2alth Ihe pUpu￿b[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￿ ts￿g (￿￿￿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
Br*lord as t4rtol BrEOftYd of t)Jhire {BD25}
H*adoifi¢e EstsNishm•
The wojecl relates ta ffix￿ assets capfAI exPe￿￿￿re fu￿ bylhe t￿l￿￿entforDIglt￿. Cdiure. mad￿ and tyrt
21

n4

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 (Mrtsi*hlwvJ (X)nwnitw*ntsknf￿[e mi)imthi ￿8$e wyments under
non-CancellaNeop￿8tsr￿ leases. f811 due a5 lo1(*￿.
2024
1023
Wrfhin yEar
Bet4*een ￿ 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 re￿neral￿)rn of key rTraA4gemenlws(￿n￿ s a&f￿kn￿.
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 Cul￿re
C¢¥rpany IBCCI co?lribUt￿ É15.(X)O+VAfto QED FOur￿allon Lld. in sUPPOrt of
YoTkshwe As1￿You￿JACth￿[Awa￿ts.
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 cAKegr￿1(UrK1￿9 ￿ItK￿al gwanis to the vakne of£368.988.SO VH
Brth)rd CixJtKiI.
Mel Pkkup
6 the Che1Ex￿￿ye ijfry. BfaYf(Kd Te*iry Ho¥rtaL8 NHS Fr. Bcc
receNed È250.C(K) G.￿t FJrx*￿ fr￿ CBMDC toward5 Soual Pre5(xftxrwJ &
C￿Ve 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
re￿￿ed £250.CCN) G￿t FJtxhn9 fr(Kn C8MDC towards Pre51xtsw &
Ctp*ve H￿th iudgets whth will [*)$￿¥￿y on ihe tr￿aNh wellbeing ef
aC￿SS service5whth Ihe Bradlord D￿trIct & Crdven He￿th Care
Partr￿Shp areresP)￿k1e for
stu￿ McKnnon.Evans
Stuart hdcjtinno￿EwanS is of The Un￿e￿ty Of Bradtord. which made a
sWW5hyil￿tK￿ lo BCC ofE32,IXM)+VAT.
19 Cash gon•rat•d from otwatk
sU￿u$ year
2.123.851
613.5)9
AdpJstments for."
IGainyloss on (Isposal of taVJlb￿ fixett a5
DÈpre¢iabon Iwairff*nt of ￿ng￿le fixed assets
470
1.040
129.931
Mov8ff*nis in ¢8F4ts1".
Ilncreasel in de￿01$
Iwease In u*Jrtors
12.470.770)
341.787
1230,8651
175.396
*h genertted OPErnti
124.799
S59.
-24-

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the Companies Act ?006.