2023-03-31-accounts

Charity registration number 1010582

Company registration number 02386852 (England and Wales)

BRENDAN'S BRIDGE

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

BRENDAN'S BRIDGE

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees	Mrs A Hooper
	Mr J J Holland
	Mrs P Williams
	Mr M S Harrod `
	Mr B McIlwraith
Secretary	Mrs J A Gale
Charity number	1010582
Company number	02386852
Registered office	City Works
	Alfred Street
	Gloucester
	GL1 4DF
Independent examiner	Griffiths Marshall
	Beaumont House
	172 Southgate Street
	Gloucester
	GL1 2EZ

BRENDAN'S BRIDGE

CONTENTS

	Page
Trustees report	1 - 3
Independent examiner's report	4
Statement of financial activities	5
Balance sheet	6
Notes to the financial statements	7 - 12

BRENDAN'S BRIDGE

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2023

The trustees present their report and financial statements for the year ended 31 March 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's act, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities

Public Benefit

The activities of Brendan’s Bridge are designed to meeting its main objectives, which are to intervene or prevent suffering caused by:

Mental and physical ill health

Social and economic circumstances

The preservation of health

The advancement of education

Of the youth and young people of the county of Gloucestershire.

This has been achieved by building a robust counselling service, practical advice and information delivered to young people in need of such assistance.

The charity continues to inspire through interactive sessions working throughout Gloucestershire including Stroud, Stonehouse, Cheltenham and Gloucester city areas.

The name change from Bridge Training Resources to Brendan’s Bridge was ratified on 15/01/2021. This consolidated our independence and change in activities and services.

Trustees

es
Name	Role	Appointment
Duncan Tincello	Chairperson	22/07/2020 resigned New appointment TBC
Angela Hooper	Finance	26/11/2019
Phillipa Williams	YP – EXE	22/07/2020
Jonathan Holland	E & D	22/07/2020
Mark Harrod	Founding Business Advisor	22/07/2020
Ben Mcllwraith	Business development	22/07/2020

Trustees were recruited to meet the diversity and skills to underpin a changing and growing charity. The CEO and Chair are asking trustees to complete Charity Commission advised Skill scans where we can identify gaps in expertise and further recruit accordingly.

All recruitment is ‘safer recruitment ‘compliant, we have recruited additional volunteers and ad hoc staff to allow us to meet requirements such as larger contracts.

• 1 -

BRENDAN'S BRIDGE

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Activities

Throughout 2021-22, Covid has continued to impact the lives of everyone in the UK in a profound way. After two years we are still working out how to live after the pandemic. On top of this, most households in the UK are experiencing financial pressures caused by rising costs and our lives continue to be impacted by global crises. The combination of all these tensions has had a detrimental effect on the wellbeing of people across the UK and led to an increase in need for mental health support. Young people have been disproportionately impacted after two years of disruption and inconsistency in schools, bereavement, and loss, facing an uncertain future in terms of work and faced with a continuing lack of support networks. For many young people with pre-existing mental health problems, the pressures that have emerged over the last few years have led to a worsening of their mental health. The most recent NHS Prevalence data suggests that over 3.5 million young people aged 6 to 23 years old in England have a probable or possible mental health disorder. The latest data from Mental Health Services Monthly Statistics (MHSMS) shows that children’s mental health is getting worse since Covid, with referrals to children and young people’s mental health services at the highest numbers since the charities inception. This data is the driver behind our services and outcomes.

We have built sustainable and equal working partnerships with:

The Nelson Trust – LGBTQ+ support for young people

Feed Gloucester / Feed Cheltenham (we have distributed £1,200 of shopping / food vouchers

Gloucestershire Community projects (Gloucester, Cheltenham , Stonehouse, Tewkesbury)

JIGSAW COMMUNITY COOPERTIVE, LISTENING POST GFAPS, CAMHS, CCCP, ARTSHAPE and Fare Share time banking

The Power of Three MPWC Legal access (community legal chambers)

Clinical commissioning SARC teams

And many more.

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Finance
Account	Balance
Unity Bank	£37 1729.92
Lloyds Bank	Closed

BRENDAN'S BRIDGE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2023

Unrestricted Restricted funds funds 2023 2023 Notes £ £ Income and endowments from: Donations and legacies 3 52,510 46,915 Other income 4 11,247 61,308 Total income 63,757 108,223 Expenditure on: Charitable activities 5 24,016 132,488 Net incoming/(outgoing) resources before transfers 39,741 (24,265) Gross transfers between funds (16,000) 16,000 Net income/(expenditure) for the year/ Net movement in funds 23,741 (8,265) Fund balances at 1 April 2022 11,000 10,254 Fund balances at 31 March 2023 34,741 1,989	Total Unrestricted Restricted funds funds 2023 2022 2022 £ £ £ 99,425 5,256 60,750 72,555 7,224 20 171,980 12,480 60,770 156,504 10,416 60,767 15,476 2,064 3 - (4,000) 4,000 15,476 (1,936) 4,003 21,254 12,936 6,251 36,730 11,000 10,254	Total 2022 £ 66,006 7,244
Donations and legacies 3 Other income 4 Total income Expenditure on: Charitable activities 5 Net incoming/(outgoing) resources before transfers Gross transfers between funds Net income/(expenditure) for the year/ Net movement in funds Fund balances at 1 April 2022 Fund balances at 31 March 2023
		73,250
		71,183
		2,067 -
		2,067 19,187
		21,254

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

• 5 -

		2023	2022
	Notes	£ £	£		£
Fixed assets
Thigible assets	10	-			300
Current assets
Debtors	11	- 3 7	199
Cash at bank and in hand	37 1730 18 1		755
	37 7730 21,954
Creditors: amounts falling due within one year	12	(1 7000) (1 7	000)
Net current assets		36,730	20	7	954
Total assets less current liabilities		36 7730	21		254
Income funds
Restricted funds		1,989	10,254
Unrestricted funds		34,741	11,000
		36 1730	21	7	254

BRENDAN'S BRIDGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

Charity information

Brendan's Bridge is a private company limited by guarantee incorporated in England and Wales. The registered office is City Works, Alfred Street, Gloucester, GL1 4DF.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charity's [governing document], the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The Charity is a Public Benefit Entity as defined by FRS 102.

The Charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.

1.4 Income

Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

• 7 -

BRENDAN'S BRIDGE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

(Continued)

1.5 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings

25% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.6 Impairment of fixed assets

At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.7 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8 Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

• 8 -

BRENDAN'S BRIDGE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

(Continued)

Derecognition of financial liabilities

Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.

1.9 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted Restricted funds funds 2023 2023 £ £ Donations and gifts 2,510 - Grants 50,000 46,915 52,510 46,915	Total Unrestricted Restricted funds funds 2023 2022 2022 £ £ £ 2,510 5,256 7,420 96,915 - 53,330 99,425 5,256 60,750	Total 2022 £ 12,676 53,330
		66,006

4 Other income

	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	funds	funds		funds	funds
	2023	2023	2023	2022	2022	2022
	£	£	£	£	£	£
Other income	11,247	61,308	72,555	7,224	20	7,244

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BRENDAN'S BRIDGE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

5 Charitable activities

Staff costs Depreciation and impairment Other staff costs Rent, rates and room hire Bookkeeping Mental health counsellor Hospitality Office costs Counsellor and reflective practice support Sundries Share of governance costs (see note 6) Analysis by fund Unrestricted funds Restricted funds	Charitable Expenditure 2023 2022 £ £ 55,719 53,860 300 300 953 93 6,298 2,269 1,484 1,200 11,407 2,072 16,231 5,525 160 201 - 100 62,520 4,412 155,072 70,032 1,432 1,151 156,504 71,183 24,016 10,416 132,488 60,767 156,504 71,183	Charitable Expenditure 2023 2022 £ £ 55,719 53,860 300 300 953 93 6,298 2,269 1,484 1,200 11,407 2,072 16,231 5,525 160 201 - 100 62,520 4,412 155,072 70,032 1,432 1,151 156,504 71,183 24,016 10,416 132,488 60,767 156,504 71,183
		70,032 1,151
		71,183
		10,416 60,767
		71,183

6 Support costs

Support costs
Audit fees Bank charges Sundries Analysed between Charitable activities	Support costs Governance costs £ £ - 1,260 - 72 - 100 - 1,432 - 1,432	2023Support costs Governance costs £ £ £ 1,260 - 1,050 72 - 88 100 - 13 1,432 - 1,151 1,432 - 1,151	2022 £ 1,050 88 13
			1,151
			1,151

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BRENDAN'S BRIDGE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

7 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.

8 Employees

The average monthly number of employees during the year was:

	2023	2022
	Number	Number
	3	2
Employment costs	2023	2022
	£	£
Wages and salaries	54,539	52,623
Social security costs	154	264
Other pension costs	1,026	973
	55,719	53,860

There were no employees whose annual remuneration was more than £60,000.

9 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

10 Tangible fixed assets

Tangible fixed assets
	Fixtures and fittings
	£
Cost
At 1 April 2022	1,200
At 31 March 2023	1,200
Depreciation and impairment
At 1 April 2022	900
Depreciation charged in the year	300
At 31 March 2023	1,200
Carrying amount
At 31 March 2023	-
At 31 March 2022	300

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BRENDAN'S BRIDGE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

11 Debtors

Amounts falling due within one year: Trade debtors Prepayments and accrued income 12 Creditors: amounts falling due within one year Accruals and deferred income 13 Analysis of net assets between funds Unrestricted funds Restricted funds 2023 2023 £ £ Fund balances at 31 March 2023 are represented by: Tangible assets - - Current assets/(liabilities) 36,730 - 36,730 -	2023 £ - - - 2023 £ 1,000 Total Unrestricted funds Restricted funds 2023 2022 2022 £ £ £ - 300 - 36,730 20,954 - 36,730 21,254 -	2022 £ 2,421 778
		3,199
		2022 £ 1,000
		Total 2022 £ 300 20,954
		21,254

14 Related party transactions

There were no disclosable related party transactions during the year (2022 - none).

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