REGISTERED CHARITY NUMBER: 1041288
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024
FOR BRIDGNORTH DRY BAR TRUST
Stanton Ralph & Co Limited Chartered Accountants The Old Police Station Whitburn Street Bridgnorth Shropshire WV16 4QP
BRIDGNORTH DRY BAR TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | ||
| Notes to the Financial Statements | 8 | to | 12 |
| DetailedStatementofFinancialActivities | 13 |
BRIDGNORTH DRY BAR TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2024
The trustees present their report with the financial statements of the charity for the year ended 30th June 2024. The trustees have adopted the provisions of 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 & ACTIVITIES
The objectives of the Trust, as stated in the governing document, are: 1. To benefit the inhabitants of Bridgnorth and the surrounding locality and in particular young persons by providing a venue for the sale and consumption of non-alcoholic drinks in which participants may develop their recreational and leisure-time activities and enjoyment thereby encouraging the maturity of young people and promoting the good health and well being of all inhabitants and promoting a temperate lifestyle. 2. The protection and preservation of good health by the provision of counselling on alcohol abuse to those persons who are addicted to or are most at risk of becoming addicted to or dependent upon alcohol 3. To advance the education of young people by providing training and experience in the arts In pursuit of these objectives the trust leases a building in the centre of Bridgnorth, which it runs as The Bridge Youth Centre.
The Trust pursues its objectives by providing this high quality, safe centre to work from, a professional team of youth working staff and volunteers, and a supportive programme of activities.
Sessions for young people are run at the Bridge Youth Centre as follows: Tuesday@thebridge 6.30pm - 8.00pm for years 6-8 Friday@thebridge 7.00pm - 9.30pm for years 7 - 13
Our sessions include the full use of our two story facility which has a Café, a Disco venue, a computer suite, an activity garden, and a games room with pool table and air hockey table. Depending upon the aim of any particular session we are able to provide catering and cooking workshops, a crafts programme, indoor and outdoor sport, as well as board games and consoles. In addition the trust runs a programme of outings and other activities outside the centre for young people who attend The Bridge. As part of the trust's objective of helping young people to grow in maturity we also run a volunteering programme which gives the young people an opportunity to begin to give back to their community. Volunteers learn a range of skills and have an opportunity to develop those skills in small group leading, craft, cooking, games leading, money handling, etc. Most young volunteers are with us for three months and will volunteer for forty hours, while others $tay on for much longer. In addition to the general support provided to young people during sessions, where possible the Trust also provides one-to-one mentoring support for young people who have particular needs. These young people may be attendees of The Bridge, or maybe referred to us by the local schools or by their parents.
The Bridge Curriculum
The following areas serve as the curriculum framework that young people attending from year 6 to year 13 will have access to through a range of sessions, trips, mentoring relationships and young volunteering. Above all the principle worked jo is that young people are on an individual journey and so work will be done one to one to gauge where the programme should focus within the curriculum framework.
The four key outcomes sought are that each young person should become:
Secure Successful Proactive Independent
Areas of Work
Page |
BRIDGNORTH DRY BAR TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2024
Young people will move forward in each of the four outcomes through engaging in the following
| Activity | Youth led activity programme |
|---|---|
| Fun | |
| Challenge | |
| Targeted Discussions | Sexuality |
| Diversity | |
| Drugs | |
| Alcohol | |
| Relationships | |
| Beliefs | |
| Reflective Practice | |
| Attitudes | |
| Time | |
| Money | |
| CV preparation | |
| Being Mentored | Help and support |
| Targeted projects | |
| Access to relevant services | |
| School referral | |
| Learning to lead | Run activities |
| Organize areas ofThe Bridge | |
| Develop areas of The Bridge | |
| Cook for peer group | |
| Put on events/activities for peer group | |
| Volunteer in younger clubs | |
| Learning to give | Volunteering |
| Put on events/activities for peer group | |
| Fundraising |
Benefits to young people
Our aim is to help young people to progress through experience in the above ‘areas of work’ in a safe and supportive environment. In this way young people will benefit in the following areas: Confidence
Practical skills
Freedom to express themselves
Experience of volunteering
Experience of leadership Accéss to more opportunities
A deeper understanding of themselves and the world around them
Page 2
BRIDGNORTH DRY BAR TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2024
FINANCIAL REVIEW
The Trust is entirely dependent upon the generosity of local individuals, businesses and trusts to maintain its activities. In addition it seeks grants from local authorities and other grant making bodies where possible. Donations or grants were received during this reporting year from: Libra Systems, Lowe & Fletcher, Hall Garth Charitable Settlement , Torchbearers Trust, Bridgnorth Town Council, St Leonards Weaver Charity, and several generous individuals.
The agreement with the Bridgnorth Youth and Schools Project to provide part-time management and staffing of the Bridge Youth Centre came to an end in December 2023 and a further session worker was employed instead.
In December 2023 the Trust took part in the national Big Give fund-raising campaign which was very successful, raising £12000 to help secure the future of the Bridge. As a result the reserves of the Trust have increased at this year end.
Reserves Policy
Funds are given to the Trust in the expectation that they will be used for the objectives of the Trust during the year in which they are given, so the trustees do not feel it appropriate to seek to build up any substantial level of reserves. As a result any balances are held in current or deposit bank accounts.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing Document
The charity is controlled by its governing document, a deed of trust dated 13th September 1994, and constitutes an unincorporated charity.
Appointment of new trustees
Appointment of trustees is governed by the trust deed of the charity. The trustees are authorised to appoint new trustees and to fill vacancies arising throughout the period by resolution.
Trust Organisation
The trustees normally meet three times each year to review the activities of the trust and to agree plans for the future. In exercising their powers and duties the trustees have due regard to the guidance on public benefit published by the Charity Commission. Under an agreement which commenced in September 2013 the day-to-day management of the Bridge Youth Centre and the running of the Centre's programme has been provided by the Bridgnorth Youth and Schools Project, which provided a part-time manager and a part-time assistant manager to run the Centre. From January 2024 the management of the programme reverted to the Bridge's own staff and the trustees. An additional session worker has been are employed to assist with the session programme and a team of volunteers provide additional staffing’for each session.
Trustee Induction and Training
New trustees are given an induction to the role of trustee and the workings of the Trust through discussion and reference to relevant documents, as follows:
The role and responsibilities of a trustee - by reference to the relevant Charity Commission Th. publications
2 The Trust Deed - a copy of the trust deed is provided to each new trustee Current Financial Position - through availability of the latest published accounts, together with 3. subsequent management accounts for the current year 4, Future plans and objectives are discussed before appointment and at each trustees meeting
Page 3
BRIDGNORTH DRY BAR TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT Risk Management
The trustees are responsible for the management of risks faced by the charity. Risks are identified, assessed and controls established as necessary. Written policies are maintained for all key aspects of the trust's activities, including:
Child Protection
Health & Safety Youth Centre Risk Assessment Fire Volunteering Equal Opportunities Confidentiality Code of Conduct Transport Anti-Bullying Staff/Volunteer Grievance Smoking/E-Cigarettes Alcohol Money Media Relationships
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number 1041288
Principal address 52a Whitburn Street Bridgnorth Shropshire WV16 4QP
Trustees
Mrs R Jennings Mr R Cookson Mr M Gibbons Mr K Bowley
Independent Examiner Mrs A Hill FCA Stanton Ralph & Co Limited Chartered Accountants The Old Police Station Whitburn Street Bridgnorth Shropshire WV 16 4QP
Approved by order of the board of trustees on 7th April 2025 and signed on its behalf by:
Mr K Bowley - Trustee
Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRIDGNORTH DRY BAR TRUST
Independent examiner's report to the trustees of Bridgnorth Dry Bar Trust
i report to the charity trustees on my examination of the accounts of Bridgnorth Dry Bar Trust (the Trust) for the year ended 30th June 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
| report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination | have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement | have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
3: the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. | have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mrs A Hill FCA
Stanton Ralph & Co Limited Chartered Accountants The Old Police Station Whitburn Street Bridgnorth Shropshire WV16 4QP
7th April 2025
Page 5
BRIDGNORTH DRY BAR TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2024
| 30.6.24 | 30.6.23 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | & | £ | £ | £ | |
| INCOMEAND ENDOWMENTS FROM | |||||
| Donations and legacies | 31,139 | 410 | 31,549 | 40,666 | |
| Other trading activities | 2 | 101 | - | 101 | 235 |
| Investment income | 3 | 68 | - | 68 | - |
| Other income | 5,740 | - | 5,740 | 5,378 | |
| Total | 37,048 | 410 | 37,458 | 46,279 | |
| EXPENDITURE ON | |||||
| Raising funds | 4 | 29,080 | 410 | 29,490 | 45,987 |
| NET INCOME | 7,968 | - | 7,968 | 292 | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 9,423 | - | 9,423 | 9,131 | |
| TOTALFUNDSCARRIEDFORWARD | 17,391 | - | 17,391 | 9,423 |
The notes form part of these financial statements
Page 6
BRIDGNORTH DRY BAR TRUST
BALANCE SHEET
30TH JUNE 2024
| 30.6.24 | 30.6.23 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | £ | £ | £ | = | |
| FIXED ASSETS | |||||
| Tangible assets | 7 | 2,710 | 3,692 | 6,402 | 3,610 |
| CURRENT ASSETS | |||||
| Debtors | 8 | 1,947 | - | 1,947 | 1,746 |
| Cash at bank and in hand | 12,734 | - | 12,734 | 4,360 | |
| 14,681 | - | 14,681 | 6,106 | ||
| CREDITORS | |||||
| Amounts falling due within one year | 9 | - | (3,692) | (3,692) | (293) |
| NET CURRENT ASSETS | 14,681 | (3,692) | 10,989 | 5,813 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 17,39) | - | 17,391 | 9,423 | |
| NET ASSETS | 17,391 | - | 17,39) | 9,423 | |
| FUNDS | 10 | ||||
| Unrestricted funds | 17,391 | 9,423 | |||
| TOTALFUNDS | 17,39) | 9,423 |
The financial statements were approved by the Board of Trustees and authorised for issue on 7th April 2025 and were signed on its behalf by:
Mr K Bowley - Trustee
The notes form part of these financial statements
Page 7
BRIDGNORTH DRY BAR TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024
1; ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘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)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of ireland’ and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The accounts have been prepared in sterling (£).
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Premises alteration costs - 10% on cost Equipment - 20% on cost
Taxation The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
a
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Average number of employees The average number of employees during the year was 2 (2023 - 1).
Page 8
BRIDGNORTH DRY BAR TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2024
| 2. | OTHER TRADING ACTIVITIES | ||
|---|---|---|---|
| 30.6.24 | 30.6.23 | ||
| — | £ | ||
| Fundraising events | 101 | 235 | |
| 3. | INVESTMENT INCOME | ||
| 30.6.24 | 30.6.23 | ||
| £ | £ | ||
| Interest received | 68 | - | |
| 4. | RAISING FUNDS | ||
| Raising donations and legacies | |||
| 30.6.24 | 30.6.23 | ||
| £ | £ | ||
| Food | 2,161 | 2,606 | |
| Support costs | 27,329 | 43,381 | |
| 29,490 | 45,987 |
5. TRUSTEES’ REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 30th June 2024 nor for the year ended 30th June 2023.
Trustees' expenses
There were no_ trustees’ expenses paid for the year ended 30th June 2024 nor for the year ended
30th June 2023.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| fund | fund | funds | |
| £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| ‘Donations and legacies | 40,666 | - | 40,666 |
| Other trading activities | 235 | - | 235 |
| Otherincome | 5,378 | - | 5,378 |
| Total | 46,279 | - | 46,279 |
| EXPENDITURE ON | |||
| Raising funds | 45,987 | - | 45,987 |
| NET INCOME | 292 | - | 292 |
| RECONCILIATION OF FUNDS | |||
| Totalfundsbroughtforward | 9,131 | - | 9,131 |
Page 9
BRIDGNORTH DRY BAR TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2024
| é. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| fund | fund | funds | |||
| £ | £ | £ | |||
| TOTAL FUNDS CARRIED FORWARD | 9,423 | - | 9,423 | ||
| 7. | TANGIBLE FIXED ASSETS | ||||
| Premises | |||||
| alteration | |||||
| costs | Equipment | Totals | |||
| £ | £ | £ | |||
| COST | |||||
| At Ist July 2023 | 19,947 | 24,511 | 44,458 | ||
| Additions | 4,102 | 722 | 4,824 | ||
| At 30th June 2024 | 24,049 | 25,233 | 49,282 | ||
| DEPRECIATION | |||||
| At Ist July 2023 | 19,947 | 20,901 | 40,848 | ||
| Charge foryear | 410 | 1,622 | 2,032 | ||
| At 30th June 2024 | 20,357 | 22,523 | 42,880 | ||
| NET BOOK VALUE | |||||
| At 30th June 2024 | 3,692 | 2,710 | 6,402 | ||
| At 30th June 2023 | - | 3,610 | 3,610 | ||
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 30.6.24 | 30.6.23 | ||||
| £ | £ | ||||
| Prepayments | 1,947 | 1,746 | |||
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| s | 30.6.24 | 30.6.23 | |||
| £ | s | ||||
| Accrued expenses | ~ | 293 | |||
| Deferred income | 3,692 | - | |||
| 3,692 | 293 |
Page 10
BRIDGNORTH DRY BAR TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2024
| 10. | MOVEMENT IN FUNDS | |||
|---|---|---|---|---|
| Net | ||||
| movement | At | |||
| At 1.7.23 | in funds | 30.6.24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 9,423 | 7,968 | 17,391 | |
| TOTAL FUNDS | 9,423 | 7,968 | 17,391 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 37,048 | (29,080) | 7,968 | |
| Restricted funds | ||||
| Restricted | 410 | (410) | - | |
| TOTAL FUNDS | 37,458 | (29,490) | 7,968 | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1.7.22 | in funds | 30.6.23 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 9131 | 292 | 9,423 | |
| “TOTAL FUNDS | 9,131 | 292 | 9,423 | |
| Comparative net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 46,279 | (45,987) | 292 | |
| TOTALFUNDS | 46,279 | (45,987) | 292 |
Page 11
BRIDGNORTH DRY BAR TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2024
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.7.22 | in funds | 30.6.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 9,131 | 8,260 | 17,391 |
| TOTALFUNDS | 9,13] | 8,260 | 17,391 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 83,327 | (75,067) | 8,260 |
| Restricted funds | |||
| Restricted | 410 | (410) | - |
| TOTALFUNDS | 83,737 | (75,477) | 8,260 |
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30th June 2024.
Page 12
BRIDGNORTH DRY BAR TRUST
==> picture [452 x 567] intentionally omitted <==
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|DETAILED|STATEMENT|OF|FINANCIAL|ACTIVITIES|
|FOR|THE|YEAR|ENDED|30TH|JUNE|2024|
|30.6.24|30.6.23|
|£|£|
|INCOME AND|ENDOWMENTS|
|Donations|and|legacies|
|Donations|26,630|19,307|
|Grants|2,558|14,935|
|Sales|2,361|3,761|
|Fund|raising|-|2,663|
|31,549|40,666|
|Other|trading|activities|
|Fundraising|events|101|235|
|Investment|income|
|interest|received|68|-|
|Other|income|
|Rent|recovered|5,740|5,378|
|Total|incoming|resources|37,458|46,279|
|EXPENDITURE|
|Raising|donations|and|legacies|
|Food|2,16]|2,606|
|Support|costs|
|Management|
|Wages|9,902|10,860|
|Pensions|135|-|
|Rent|4,500|6,000|
|Insurance|1,239|1,091|
|Heat,|light|and|water|3,727|3,472|
|Telephone|and|stationery|87|227|
|Sundries|504|200|
|Kitchén|consumables/cleaning|1,438|1,537|
|Repairs|and|maintenance|653|1,485|
|Training|24]|360|
|Licences|843|521|
|Bridgnorth|YSP|-|for Management|Services|1,000|14,000|
|Travel|42|86|
|Session|materials|etc|754|892|
|Events|and|gigs|232|927|
|Equipment|2,032|1,723|
|27,329|43,381|
|Total|resources|expended|29,490|45,987|
|Net income|7,968|292|
----- End of picture text -----
This page does not form part of the statutory financial statements
Page 13