Charity Rogistration No. 1050596 Company Regislration No. 031149961England and Wales) THE BRIDGE (EAST MIDLANDS) ANNUAL REPORT AND CONSOUDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 MllllNMIWII 09111r2023 cCPANEs HOUSE THE ROWLEYS PAIUNERSHIP LTD CHARNWOOD HOUSE HARCOURT WAY IIERIDIAN BUSINESS PARK LEICESTER LE19 1WP
THE BRIDGE (EAST MIDLANDS) CONTENTS Report of the Board of Trusteos 2-10 Independent Auditor's Report 11-14 Conscltdaled Statement of Financial •lLtivities 15 Consolidated Balance Sheel 16 Charity Balan Sheet 17 Consdidaled Slalernwtt of Cash flows 18 Chariiy Slatemeni of Cash fiows 19 Notes lo the Financial Slalements 20-35
THE BRIDGE IEAST MIDLANDS) REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 The Board of Truslees who are also dffectors of the charity for the purpose5 of the ctsnpan Act 2CI)6, present Iheir report Io9ether with the consolidated financial st*ements of the chanty an¢J its subsiduiry f¢y the year endgd 31 March 2023. The trustèes have adopt&l the provtsKJns of A¢wJnts'ng and Rewhng by Charities.. Statement of Recornmended Praclice appliCate to charities preparing Ihw"r accounts in 0rdance with thg Financial Reporting Standard appluble in the UK and Republic of Ireland (FRS 1021 (effeclwe 1 January 20191. The financial ststements have been prepared in accOrtlan the accounknng Fo1leS set cxjt in Ihg riotes to the accounts and comply with the charty's governing document. Cornpanies A¢t 2006, Charits'es Act 2011 and Accounting and ReptIng by Charities.. sleMen1 of Re¢cMended PractKe arpllcable to charit$ preparing their accounts in accordanc8 the Finla1 Reporting Standard applicable in the UK and Republbc of IreLand publish8d in Oclrthr 2019. RefeTen¢e and Administrativ• information Charity name". Operats"ng nafne.. Charity registratKin number.. Company gIstra"0n number. The Bridge (East Mrdlands) The Bridge 1050596 03114996 8oard of Trustoes Jeanette Webb- Chair Ri¢hafd While Jonathan Olds- Resigned 24101r2023 Ashiedu Joel Amanda Soraghan- Resigned 16102r2023 Steven Ablett Helan Tighe- Rèsigned 22106J2022 Davi¢J Sims- Appointed 2410512022 Mark Clements- Appointed 2410512022. Resigned 0510112023 Rupa Chandrana- Appointed 24105r2022. Resgned 0710612022 Joanne Emmett- Resigned 0310512022 Marc Rowley- Appointed 2611012022 Dhruv Pandya - Appointed 2611012022. Reggned 28104r2023 Bhavnaben Patel- Appotnted 3110512023 Company S¢¢retary Sue Lwgley Chl•fOffi¢er Sue Langlèy Paul Snape- Deputy Chief Offi¢er- Reggned 2910412022 R•glSt•r•d Offl¢e and Operational Addr•$s John Storer House, Vlard's End. Loughborough. L8icestwshire, LE11 3HA
THE BRIDGE {EAST MIDLANDS) REPORT OF THE BOARD OF TRUSTEES (COtriTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Ststutory Audltor The Rowley's Partnership Limited. Charted Accountanls. Charnwood House, HarcoLWt Way. Meridian Business Park, Leicesler. LE19 1WP Bankers CAF 8ank Limited. Kings Hill, West Malling. Kent. ME19 4TA Structure, Governan¢• and Management Govenwng doGumenl The organisation is a charitable company limiled by guarantee. The company was eslaNished under a Memorandum of ASslation. which sets the objects and prywers of the company and is governed under ils Articles of Asso¢iation. In the event of the crynpany being wc¥Jnd up. members are required to contribute an amount not ex¢eediThJ £1. R8UUltment and apwntrnenl of Trustees The Director5 of the coffyany are also charity Trustees for the purposes of charity and under the company's Artides are known as member5 of the 8oard of Trustees. The charty may. by ordinary resolution, appoint a person who 1$ 4wlling lo act to be a Trustee. No petson other Ihan a Trustee retiring may be appointed a Trustèe at any general meeting unless.. he or she is TOrnMended fcrf reCtIOn by Ihe Trustees: CY not less than fourteen nor more than thwty-fve Clear days befo the dale of the meetin9. the charity is given a nOte that-. al is signed by a member entitled to vote at the meeting- (bl slate5 the membei's intention to wop)se the appointment of a person a5 a Trustee", (cl contains the delails that, il the person were lo be appointed. the charty would have to file at Companie5 House.. and Idl is signed by the person who is to be proposed lo shvw hi5 or her willingness to be appointed. All members who are entrtled to receive notice ol a general mÈeting must be grven not les5 than Seven nor more than tAventy eight clear days, notice of any resolutw to be pul to the meetsng to appoint a TnJ5tee other than a Trustee who is to retire by rotalion. lal the Trustees may appoint a pefson who is wlling to act to be a Truslee. Ibl a Trustee appointed by a resolulK)n of the other Trustees must retire at Ihe next annual genefal meeting and must not be taken into account in determining the Trustees who are lo tyre by fotsb"on. {cl the Trustees may ctropt any indivKlual who ha$ aprKopriate specialist skills to support them in fulfilling the objectNès of th& charty. The appointment of a Trustee. whether by the charrty in genèral meÈling or by the otherTrust8ès. must not Cause the number of Trustees lo exceed any number fixed as ihe maxwnum number of Trustees. Th• organisation recognises that recruitmenl of new Trustees by way of personal fecommendalion Is flawed. When looking io recruit new Trustees, the ofganisab.on adverbses exlemally and inviles expressions of interest from individuals. Infoimation packs are then di5palched to indNiduals along with an application form. Individuals who relum a compleletj application are In¥rt to an intervthv wtih the Chiel Officer and an existing Trustee (Lbsually the Chair}. The organisation is keen to recruit iNli¥idua15 With SPr areas of intèrest or expertisa.
THE BRIDGE (EAST MIDLANDS) REPORT OF THE BOARD OF TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 IAARCH 2023 Trust•e Indu¢tlon and Trninln9 The organisation provides all new Trustees wllh an infcffmab.rm pack contJning details of the rwjhts and responsibilf(ie5 of Charity Tnjslees thi5 in¢lude5 tnformatb)n published by the Charity Commission. All new Trustees are invilwj to attend an Ind"0n evening fl1rtated by an experi Trustee. Training is ongoing and based around Trustee Meeting5 wth ernphaS uswhg the iThlNidual exkvtise of Trustees in sperjfic areas of work. Rlsk Management The Trust¢es conduct thgir review olthe risks lOVth the charity is exposed and establish systems to Mgate those risks. These systems are FWI¢)Jalfy re¥ve to Sure they Still meet the needs ofthe charrty both now and for the fvture. The cyganisation has thveloped a robust Risk Regisier which is revi1 by Ihe Board of Trustees '.annualty. Organisational Structure The charity provNJes a number of servus. and homesS pre¥tr"on services. induding a SpeaalLSt Housing Advice and Tenancy ReL8b"ons ServirE. Housing Relale¢J Supwrt Services, the talk%ort mediat Service. a Single Ac£e5s Point for 16 & 17 year okts. a Homelessness Transitions Rough SW)er Programme, Rutland's Comrnunty PVents.0n and Wellbeing Servtces and h¥0 European Swal Fund and Big Lottery Funded Vices, Money Plus and YES Pffjpct. The charty has a central office provNJing Custryner ServrE5 inGluding Weware PrOViC IF1 Vouchers) and financial and administrative supr>1 f the overall cgw"¢)n of the ¢harty. The Trustees are responsible for dgvoloping overall policy, aided by the Chief Olfw. Volunteer5 are wekomed in all ow wcrfk and we gNen training and Sup to le Ihem to woth alongside our pai(J staff. ObjectiS and Acti¥itie5 The objectives, for which chaftywas esIatlts, as defined by thè Memcffandum ofAssociation, anLI amended in February 2012 are to promote charitable pUr[se5 onty". rn0 spfiCa1ty for the relief and rehabilitalion of homeless persons in need in the East Midlands and in parti¢ular by the provision of ac¢ommodation and assoGialed fa¢ililies ¢alculate<l to alleviate thwr need, to promole any other charitable purpose for the benefit of homeless persons and Ihose at risk of homelessness in thè East mlIan$. Public Benefrt The Trust confiryn thal they have refed to the guidarrR (Cts1ne in Charity Ctynmission's general 9uidan¢e on public benefft reen9 the Trust's aims and 0tr4'ectNes and in anning future acb"vrties. Public 8enefil is demfmstraled more ¥th¢al in the feAtw"ng Perf(xmance and AchEvements sectnS which highlight specifi¢ dient work from each ofthe services I1 Ihe (Yganisab"on. A M•ssag• from the Chair The charity wortd has ay5 ten ChlengIng and the national economic forecast doesnl fill me with a great deal of h(we for the lulure. It feels like doom and glo)m wherever you look. OUT charity was bom Iroffl the need to do more for ¢xJr community to prevent home19$sness and the facl that it has 9r(Mn over the years indi¢ates how much need there is for charilles sh as ours to support our fellow citizens. The last hvo years have been challervJing for both the Board ofTrustees and our stsff as they have become used to new ways of working, office moves. workiThJ from home and hub working. e are indebted to several organisat115 Vho have 5uprthe(l us these new ways of working including Chamwood Borough Council. John Sthr Housa. North West Leicesltrshire Council. Hinckley & Rugby
THE BRIDGE (EAST MIDLANDS) REPORT OF THE BOARD OF TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Building S(¢ty and GTS Security ServKes. The services we provKle have ne ien move vitsl as famdie5 struggle to maroge day lo day INing. debt. homelessness, and fcoj povwty. We launched our Bridge 2 COllaratn (T82CI working with businesse5 Ihrougw the Lwceslershire and Rutland areas to create fvrther funding streants 10 SUPPt Ihe wtal thai we undertake. Members of the group worked in collaboration with Th8 Bridge, and c)mIlled lo raising awareness of Our charity. lund ralsing and Ih8if business benefit5 from being part of TB2C ¢c¥nmunty pathular thank5 to Colin Fyfe of Hinckl¢y & Rugby BuildirrfJ &£i8ty for their superb supp¢Ji. We wouk1 like lo make a special rnentr)n of Linda Neville of SanaMÈfttè SerVis Limited have bn iaising funds Ihrough regular monihty networkiry meeb.rys arKJ t)ee Beckett 7ptho pirt on event during the year which raised slgnffjanl fvnds us_ Apptying for ft1ndlr, raising fvnds and WTnnng grant funding for our woth vrtal. Several indrviduals have made Significant contributions to suppol the work Ihal we do in the ¢ommunty. We have been fortunate to have been awardèd ILsnding by a number of funders induding The NaiKJnal Lottery. Charrncod Borough Council, The District C¢MJnol and BBC Chikjren in Need for we are very grateful. We also wCrfk in ccllaborathm on the NACRO Contract SUPkKvbng w.son and ex-offenders. SeThIeS. Winning grants and awards bw"rrfJ recognised by w peers i8 athwed by having dedicated and ccrfnmitted staff. Headed by our Chief Officer. Sue Langley. and our Management Team. staff conlknue to work to deliver current sery1 vknilst also proa¢tNety 5eekiry OPFM)rtunrties that will ensure that we remain strategicaly relevant lo meet the changing needs of our ¢¢)mmurnb"es and ¢lients. From small beginniTra5. we have so much in Ihe last XJ years. GrcN•th can onty be achieved by hard working and dedi¢aled Siaff. and l again give Ilvn mine and The Board of Trustees heartlt thanks for all the work that they, the Strategic Management Team and the CEO have done. My thanks also go to our dedicated and hard-working Tfustees 4¥tho do so much mtre than just tuming up al a bimonthly meeting, they gat invdved and help to supwl the cganisation in so many ways. Particular thanks go to our VKe Chasr David Sims who steadlaslty has 5UPWted rre in the Chair r(Ae. Jcfft Olds who was with us for much of the penod ofthis repo¥t who tc#)k the lead on the Finance sU)Mmrtlee and made sure that he kept a watchfijl eye on our budget situation and provided invaluable a¢fvice to us all on compliance issues and finally lo Steve Ablett wtrx) has wcrfked to seek funding CyptnitS for The to hdp providing finance for these much.needed serv$. Unfortunately. we have losl ofour very dedrabj and hard-wcwking Tnjslees! My ihanks g) lo Ol¢J$ and Mark Clemment who gave unstintsngly of their b.me and expertise. I would like to extend a very wam wekome to Bhavna Patel, j( WaThrtk and Gary Beharrejl who have i0ed the Board. Bhavna has ajso tsken up a role as Ambassador for the Charity. No organisation such as ows. w achieve whal we do thoul the frlp and supwt of our vdunteers aTrJ the partrr organisalions. members of the bu&ness communty. schools, students union and the public for their generous donab.ons so laslty. I wjId like to thank them all fu their hdp and continued support. Jay W•bb. Chair of the Board of Trustees
THE BRIDGE {EAST MIDLANDS) REPORT OF THE BOARD OF TRUSTEES ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 S•r¥ice Aims and Outcome5 Young People's S¢r¥lc¢s (S5ngl¢ Acces5 Point (SAPI. and tslvsortl ms To Prevent homelessness and reduce the use of 8&8 accommodab.on for 16117-year4olds. To improve young people's lrfe chances. To enable family members to plan future accommcJatN)n optMs and avert crises whh often result in youth homelessness. To increase the young pwsry) and famity members understanding of the reality of their personal and hcljsing situationlsl. Aim talk To provent homelessness. To undertake one lo one mediab'on se55bons and facilitate meetings between young people and families where appropriate. To provide an opportunity farnilies to improve rdationships. to build weemenls and plan lor the future. To raise awareness of me(Jialion wvices. (thr Iwl Supp services and homelessness issues in general. Support S•r¥ic•s {G•tting H•lp In NeighbourtOds. Your Store off) ms Intended to improve mental heaNh and wellbeing to people aged 19+ experierKing hofnele5sness andlor living in pov•ty with a disadvantage. Delivered through 1..1 support and dro*in serytces. To prevent homelessness and promote independent living. Perlofman¢e'. 65 ClntS supported in this period. 94% felt they had improved retained independence. 91°k recetved 511PPOrt lor Ih8r fftental health needs. 86% Ttrpd improved e¢onomic circumslances. ms Y¢)ur Store '. To reduce food insecurity. To enable access lo wrap-around support throtsgh advKe & sgnpcL8ting. To faalitate positive life-style changes. Promole positive overall wellbwng for rnembers in the kKal community. P8rfomance". 283 househdds were supported in this period. 278 locd vouchefs I food parcels We issued. 5 signposted lo community services, debi speryafists and k1 authority for relief du
THE BRIDGE IEAST MIDLANDS) REPORT OF THE BOARD OF TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Street Home1•5sness and Offenders Services (Dynarnlc Frnmew(wk and Rough Sleeper Inltiatfvel Aims namic Framework '. To provide specialist housing advice lo those who are hoMesS anLI have an offending histcwy. To proVe intensive support to those who a@ homdess to help them a¢cess aecommodation. To support those vtho are homeless to address any baffws to accessing accommodati. 1617 refÈYrals to the servi¢e_ 78% of those completing their plan have made progress in obtaining a¢commc#Jab"on. ims Rou h Slee To supW( those who am homdess with no ac¢rrfnmthJation ctS availab to them outsidè of the pathway. inio SLtitable accommodation. To wovidÈ outreach gJPPOrt to those who arè rough sleeping. To support those who are hOme5S lo address any barriers to a59 acwnmodation. To provide sUPPryt to Ih05e access accommodalion to prOle p05rtive tenancy managemenl. Performance.. 307 referrals received in the 0d. 59 successfully assisted into accommodatK)n lo0. homelessness preventedlrelieved. % improved mental heallh. Housing Advice. T¢riancy Relations Sef¥ices Aims". To provide a free, independent and holist Housing Advice seryKe to all rewdenls in Borough of Charnwood. To provide an ernergefw advice and assistsnce service lo th)se in housing cris. To prevent homelessness ihrough partnetship working and tenancy rdations work wrth both prwate and social landICd. To proVe a free, independent tdephone ad¥i¢e servKe. Perfom)ance'. 697 refgrTals durin9 the peric¥J. 100% improved housing cdItis. 99¥0 increased knowledge ol their housing opb.1y. 99Oh ietained independence. Triage Aims". To prtwide a dropirf(èlephone lo Ihose who are IKJmekss cff at risk of h¢xnelessness. To provKle an eff8ctNe and efficiwthousing tnage servlre lo erwo haveaccesstothe right servic• lor their needs. To deliver a wetlare servKe. prv4icng fc)J parceb. fuel vouthers, st¥ter pa¢ks and esS to the lelephone andlor cc¥nput8r. To support the onJanisabon'$ seiceS in an administrative Gapa¢ty.
THE BRIDGE (EAST MIDLANDS REPORT OF THE BOARD OF TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 perfornn 3517 referrals recwed sthin the period. 7200 applrAtion made lo he hwsing support. 99% ststed there finan(ial or(JJrnstance5 had imrKoved. 381 households issued vAlh fvel vcMchNs K)rth £21453 fcrf gas and ekctrty. trganl$ational Achlevements l)Jr Vision is... "Resilient. compassionaie communities where dIvIdual$ thrive in safe and secure homes-. The Bridge (East Midlands) has a 4 year tygants8tNal strategy (2020-20241. This strategy serve5 as the framework for all Ihal we achieve. During the 2021-22 finanoal year. the Senior Management Team al the 8ridge has reviewed our strategy to ensure that as an organisats)n we remain rekvanl. agile and resp¢)nsive lo ¢urrenl issues, such as the impact of the pandemic and the rising c05t of INing. The strategy alig)s wrth The 8n.dy (Easl MlandS) viy>n. mission and CO values and is focused vpon the future sustainability of services that provide advice and support for preventing and overcoming homelessness, as well as securing and maintaining tenancies, promoting personal wellbeing and providing a number of projects 4)ecifically lor young people. At The Bridge (East Midlands), we are proud of the difference we make. wih 94% wPJ have accessed support from The Bridge stating that their emotional and mental heatth has improved. 86¥0 of people also staled that they felt more independent after the 5UPPOrt Ihey reIVed and 94% said that they are more able lo make their own choi¢es antj io solve their own problems. (herall. 99.7% of k)eople who accessed services from The Bridge (Easl Midlands) f¢d back Itt they wwe happy 4bith the service they had rewved. We have a skilled and cornmitted team who are deduted 10 Shaping and providing a numbw of viial services that are responsive to the needs of the l(Kal )MMunity. The local communrty have supported service provision by fvndraising and Campaigning thfoughoul the year. During challenging times. we have also looked towards innovative income generalion solutions and h)ng lerm businesslcorporate partnerships for the bgntrfit of the ommunity. Working in partnershtp wlh key agencies wrthirr our localrty is andher key rnmponent lo providing ihe best services that we Ban and we have continued to devekjp exisbng partnerships and lo inrtiate new ones. We adopt a strengths-based approach and have conb.nued to devdop targeted solutions for Continual improvement. Homeknness Prevented 96.55% Improved Housing 90.00% Improved Finances 96.06% Improved Mental Health 93.45% Improved Physical h¢allh 94_62% Feeling Less Iwaled 71.11 % Improved Relationships 81.82% Invdved bn Ihe Wider C¢)mmu 66 67% Accttsed Employment 82.35% Arxessed TraIninEdUcatIon 91.31% Improved Indep8ndence 86.36% Reduced Substance Misu$8 78.57¥• Reduced CrimelASB 75% Improved CcridenCee1l-ESteern 89.36% Improved Communicatw Skills 93.02% Mcffe Able to Make Own Choices Plans for Futurn Peri¢xls The Bridge's Msion of'resilienl, Gompassionale ¢omrnunib"es. vknwe individuals thrive in safe and secure horneg. has provided the foundalions for Ihe devebpment ofthe charity's Four-year Stralegy fcy the per 2020-2024. The Strateg objectives wllined wthin Ihe strale9y SUPkXXt and guide the organisation wri1h its direGlion. In January 2022, the Strategic Managernnt Tèam the Strategic c"theS and Ihey are now as foibws:
THE BRIDGE (EAST MIDLANDS) REPORT OF THE 80ARD OF TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Stratqgic Obi•ctl 1. We will slrengthen current seThKe dler We w¢ll ensure Ihat all servi¢e o)wtunrties align with our ctye values We will identify gaps in {r se ¢Jelwery and Oevek>p largeted sdutions lo improve We wll nurture and devebp wr partnerships fcrf the benefit of OLtr offer to clients We wll belter evblence our swal value and impact, developÈrJ a robust rewting frrnork 2. We wll SUre that everyone cuinues to be ¥ahd, nurtured, and fespected We will strengthen our governance and demonstrate an engaw. skilled. strategic Board of Truslees We will adopt a strengths-ba5ed approach for the benefft of our clients We will invest in our staff and cuttivate a highly Skill and Valu workforce We will embed delivery of core values io engage with communitie5 to refiect Ihe geographical diversity ol the communitie5 where we operate 3. Wo 11 devdop a alive. suslainat4e, and fLrtwe fctused charitable organisation We will generale innovatNe incc*ne generation Solut$, including The Bridge 2 Collaboration We will nurture long tem) IbUs+nescorpWaIel partnerships for the benefit of the commun We will eslablish a community supporter basè of volvnleers and event ambassadors We will Prluce a viable grant. trust fvnd and prureMent prcKess We will strengthen Ihe communicatson and PR furKts"ons for ¢Mtinued nab"onwide re¢ognition 4. We wll be advo¢8te5 01 best practice an embedded cuhure of continual [mE0vement We wll continue to create OPptnitieS f(x the improvement olthe business We bwll develop a stralegy for staff wellbeing We will maintain our Quality Managemenl System for a htgh level of organisational compliance We wll provide a bespoke and supportive consultancy sdvtion through The Bridge 2 Excdlence Financial R•vigw The results for the year showed a 34.kn decrease on last year in total in¢omin9 fesources. Total resources expended in the year shth¥ed a dec$8 0125% on lasl year. result9 in 8 net deficit for the year of £130.961 12022- surplus of £10.479I. Invgstrnent Policy Under the Memorandtm arKI Ariicles of AsSCtiat. Ihe charity has the pver to make any investment %thich the Trustees see frt. Reserv•s Policy The charity has set ilseff a policy of mainiaining unr9Stri¢ted funds. which are the free reserves of the charity, at a level whith equates to approximately six months expenditure. This wlicy is de519rd to provide the charity with sufficienl lurNls lo sustain its operalions in the event of any changes to rts funding streams and is aligned to Charty Commission recommended good pra¢ti¢e. The tsrget level offree reserve5 base(l on cuent adivities is approximatety £522.648. Al 31 MarGh 2023 Ihe aclual level ol free reserves. exduding restricted fund5, was £193,100. The ¢harity continues to work on adding to these reseThfes aryj continues to keep Ihe policy under review.
THE BRIDGE (EAST MIDLANDS) REPORT OF THE BOARD OF TRUSTEES (CONTINUED) FOR THE YEAR ENOED 31 MARCH 2023 The Tnjstees (who are also DirectS of The Brty IEa5t MKllandsl the purposes of company L4wI are responsib for preparing the Report of ihe Board of Trustees, and the finanual statements in accordance with applicable law and United Kingdom Accwnb"ng Stsndar(Js (United "nAOM Generalty Accepted Accounting Pratso}. Company law requires the Board of Trustees to prepare financial statements for each financial year. which give a ITue and lair view of the state of affairs of the charitablecompany and of the incoming resources and application of resources, including the income and expendrture, of tha charitable company for the year. In prèparing these financial slalements. the Trustees a required to". sdect 5vilable accounting and th ath consistentty" (&servè the mÈthods and principlès in th8 Charit$ SORP,. make judgments and estimatÈs that ar& rèasonable prudent.. state whether applue UK Accounbng Standard5 have been fcAkn¥ed. subject lo any malerial departwes ¢Jisclosed and explained In the financial Statem. prepare Ihe financial statement on a goin9 ¢(¢¢M bS unless ¢1 is inappropriate to presume that the charilable company will tue in operati. The Board of Trustee5 are re5pon%b for keeping Fyoper accounbrrfJ recc¥d5 that disclose wrth reasonable accvracy at any time the financial positk)n of the tharitsble wnpany and enable them to ensure that Ihe financial stalements comply with the Companies Act 2C(J6. They a also respongble for safeguarding the asset5 of the charitae company and hence for tan9 reascfflable steps for the preventi and detectson of fraud and oiher ifra9ulanb"es. Members of the Boar(l of Twstees vtho served during the year and vp lo the date of this report are set out on page 2. In accordance with company law. the company's Directors certfy that". so lar as they are aware, there 15 no relevant audrt information ofv*thich the company's audrtor is unaware, and they have taken all the steps ihat ought to have been tsken in or¢Jer to make themsthes aware ol any relevanl audit information and to establish that the charity's auditor is are of that infmabon. Auditor The auditors, The Rowleys Partnership Limited. be proposed for re-appoinlmenl at the forthcoming Annual General Meeting. This rèport has been preparad in acCdanCe with the special provisions of Part 15 of the Companies Act 2006 Telakn'ng to small ¢ompanie5. J Webb Chair 10
THE BRIDGE IEAST MIDLANDS) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF THE BRIDGE EAST MIDLANDS Opinion We have audited the financial statements of The Bn"dge (East Midlands) lthe'parent charitable company'l and its subsidiary {the 'group'l for the year ended 31 March 2023 which comprise the ConsolTrdated Statement of Financial Activities. Group and Company Balance Sheets. thè Group and Company Cash Fltrw Statements and notes lo Ihe financial statements. including signifant accounting pdicaes. The financial reporting fTamework that has been applied in their preparation is appIable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reptrttr& Standwd apphcable in the UKL and RepublAC of Ireland {Unrted Kingjom Generalty Accepted Accounting Praclicel. In our opini¢M lh8 financial statements-. give a true and fair view of the state of the group's and p8rent eharttable company's affairs as al 31 Maf¢h 2023 and of its incoming resources arKI applicaticffl of resources, induding its in¢orne and expenditure. lor the year then ended., have been prowly prepared in aCcOrdar vmh United Krydom Generalty A¢PIe Accoufiling Prac0.. and have prepared in accordance th the requiremen15 of the Companies Act 2006. Basis for opinion We ¢ondu¢led our audit in accordance wtth IntematK)nal Standards Auditing {UKI IISAS IUKII and applicable law. Our responsits"lrties under those standards are further described in the audilor re5pon5ibilities for the audit of the financial slalemellls Se¢11 ol our repcrt We are independent of the group and parent charitable company in ac¢ordan¢e wth the ethical requirements that a relevant to OUT audit of the financial statements in the UK, including the FRC'S Eth1 Standard. and we have fvifilled our other elhi¢al responsibilities in accordance wilh Ihese requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to prowde a basis lor our opinion. Conclusions relatlng to goin9 concern In auditing the financial statements. we have concluded thal the truslees, use of the 90ing concern basis of accounting in the preparation of the ffinancial statemenls is appropriate. Based s)n the work we have ptrformed. we have nol identified any material UnrtainLS relating lo entS or conditi'ons that, individually or collectively. may cast sgnificant doubt thè charitable cornpany's ability to continue as a going ¢oncem lor a pen1 of at least twelve months from when the financial siatemenls are authorised for issue. Our responsibilities and the responsibilities ol the tnjstees with respect lo going ¢oncern are described in the re19vant sectK¥ns of this rep(xt. Othor Infomiation Th& other 5nformation comprises the infc*mation included in the Annual Report. other than the financial statements and our auditor's port thefeon. The tnjstees are responsble for the other infomalion conlainetl within the Annual Report. Our opinion on the financial statemenls does not cover Ihe other information and, except to the extenl otherwise explicitly slated in our report. we do not express any fom ofassurance conclusion thereon. Our reSponbilltY is to read the other informab'on and. in doing so. consider whether the other information is materialty inconsistent wilh the financial statements or our knowledge obtained in the ¢ourse of the audit or otheThvise appears lo be materially missiated. Ifwe identify such material inconsislencies or apparent material misstatements. we are required lo determine whether this gives rise lo a materral mi55talement in the financial statemenls Ihemsdves. If. based on the work we have perfomied, we condude thal there is a material misstalement of this other infMa.on, w8 are required to report that fxl. We have nothing lo report in this regard.
THE BRIDGE (EAST MIDLANDS) INDEPENDENT AUDITOR'S REPORT TO THE hlEMBERS AND TRUSTEES OF THE 8RIDGE EAST MIDLANDS COMTINUED Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the wcfjk undertaken in the course of the audit.. Ihe informatKJn given in the Rep of Ihe Trustee5 lof the financial year forwthich the financial stat8ments are prepared is congstent wth the finanual staiements.. and the Report ol the Trustees ha5 been prepared in a[dance wilh appjicable Jegal requirements. Matt•rs ofi which we ar• requir•d to r•port by exception In the light of the knowledge and understanding of Ihe grcKJp and parent Charitable company and its environment obtained in the course of the audrt. we have not identsfied material misstatements in the Report of the Trustees We havo nothing lo resx)rt in r8spect of thè fc41ov•ryng matters in rdalion to which the Compan Act 2006 and the Charities Act 2011 requires vs lo rep1 to you if, in our opinion: adequate and sufficient accounting records have not been kept by the parent chariiable company, or retums adequat8 for our audit have not been receTved from branches not visited by us.. or the parent chantabje company's finanoal staternents are Th)t in agreement W5th the a¢c(witing fecords and relurns.. or rtain disclosUS of trustees, remuneration spectfied by ao not madè; we have not re¢wved all the inforrnab.on and explanalions we require f¢y Wf a111". or the trustees were not entitled to ppare the financial statements In aGGordan¢e Mlh the small companies. Tegime and take advantage of the small Gompanie5 exeMptiC from the raquirement to PTepare a Strategic Report or in preparing the RÈwt of the TnJsls. Responsibilities of trustees As èxplain8d more lully in the tru$fre5' responsibih.tigs Statement set out on page 10. Ihe Irustees (who arg also the directors of the parent charitable company for the purposes of company lawl are responsible for the preparation of the financial stalemenls and for being satisfied th* they give a true and fair view. and lor such intern81 control as ihe trustees deterniine is necessary to enab the preparation of financial stalemenis that are free from material misstal•Trent. whether duè to fraud error. In prepaftng the financial statenIs. Ihe Irustees are respLYtsrble for assesgng the group and parent ¢h8ritable company's ability to continue as a wing concern. disclon9, as applicable. matters relaled to soing ¢onGem and using the going ¢oncern basrs of a(WJntg unless the trustee5 either intend to li¢uidate the group or parent charitsble MpanY or to cease op8ralions. or have no realists'c anemative but to do so. 12
THE BRIDGE IEAST MIDLANDS) INOEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF THE BRIDGE EAST MIDLANDS CONTINUED Auditor responsibilities for the audit ol lh¢ financial statements We have been appointed auditor under the Companies Act 2006 and section 151 ofthe Charities Act 2011 and report in accordance with those A¢b. Our objectives are lo obtain reasonable asgJrance about whether the financial stslements as a whole are free fre material misstatement. whether due lo fraud or err(. and to issu& an auditor's report that includes our opinion_ Reasonable assuran is a hvJh level of assurance. bul is not a 9uarantee that an audrt conducted in accordance wrth ISA5 IUKI Mll ahvays detect a material misstatwnent when it exists. Misstalemen15 can arise from fraud Or error and are conydered malerial if. indivldually or in the aggregate. they could reasonably expected lo Tnlluence the economic decisions of users taken on the bass of these financial statements. Irregularttie5, including IraLKI. are insiances of non4cofflplon¢e wlh laws and regulations. We design proceduos in lin8 wilh our fesponybilities. outline<J above. lo detecl malerial misstatements in respect of irregularities. including fraud. The extent to which our prccedures are Capab of detecting IrregularitS, including fraud is detsiled bdow.. We obtained an underanding ofthe legal and reguLt framths that are applicable lo the company and determined Ihat the mosi sTrgnificant whith a directly reVant to specif¢ assertions in the financial slatament5 are those relaled to the financial rewiing frameworks (UK Generally Accepted Accounbng Practiee. the Ctynpanies Act 2006. the charits Act 20111 and the relevant tax compliance regulations In the jurisdiction in whrh the charity operates. We enquired of management, whether they were aware of any instances of non-compliance with laws and regUlatic$ or whèther they had any knowledge of actual, suspected or alleged fraud., We assessed the sus¢eplitAlity of the entivs financial statements to malerial misstatemwt. indUd9 how fraud mighl occur., Our lesling considered unusual or unexpected joumal erth.es on a sample basis., We evaluated Ihe assumptions and judgements used by management Wtthin signrficant accounbng eslimales and asSIng if these indicate evidence of management bias- We tested SignifinI transactions. in particular the evaluation of the bugness ratkale for any whi¢h appear unusual or outsidè the charity's normal course ol business.. We assessed the appropriateness of Ihe colfe¢tsve competence and capabilrties of the engagement team by nderslanding the practical experience wrth audit engagernents of a stmilar nature and CompletY. plus ensuring the team had appfopriale and relevant training of the finanryal reporting framewoth and the relevant lax compliance regulalions specific to the entity. We reviewed Ihe financial statement5 and tested the disclosures against supporting docurnentation.. We have assessed these areas at group levd and at c¢)mponent level where appropriate. we performed the component audrt work ourselves as part of our audit of those entities. We communicated relevanf matters to all members of the audit team to ensu they understood the risks specific to the enb.ty an¢Y the audit pro¢e¢Jures plann to rnrtigate Ihese. Because of the inherent linwtations of an aLNJit. the Fs a risk that v 11 not detect all irregularities. including those leading lo a material misstatement in the finanoal ststements ry non<0mplian wilh regulation. This risk increases the more Ihal compliance with a Law or regulatK)n is removed from the events and transactions reflected in the finanei81 slalements, as we VAII be less likety lo become aware of instances ol non+comlanCe. The risk is also greater regarding srregularittes rcUrring due to fraud rather than error, as fraud involves intentional concealment. forgery. Collusn. omi5siM or misrepresentation. A further deriptiOn of our reskX)nsibiliti"es lor the audit of the finanaal stslemenls is local&Y ¢n the Financial Reporting Council'5 website at vnvw.fr¢.org.uklaudiiorsresponsibilities. This descripb.on forms part of our auditorfs rert. 13
THE BRIDGE (EAST MIDLANOS) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF THE BRIDGE EAST MIDLANDS CONTINVED Use ol our roport This r8POrt is made sow to the charitable company's members. a5 a body, in a¢cordance wilh Chapter 3 of Part 16 of the Companies Act 21J]6 and lo the charrtable eompary's trustees. as a body, in accordance Part 4 of the Charities (Accounts and Reports) Regulation5 2008. Our audil work has been undertaken so that we might state to the charf(able company's membets and its trustees those matters we are required to slate lo them in an avdilors, report and lor no othw puwose. To th8 fullest extent pemiitted by law. we do not 8¢cepl assumè rèsponsibility to anyone (Ah81 than the char¥table company and the charitable cornpanls members as a t)dy and the chantable company's Irustees as a I)dy. for aLJit wotk. for this report, or ltr the opiThons we have formed. Mr$ L G Parkes FCA FCCA ISwiK)r Statui¢)ry Audit) for and on behalf of The Rowley's Partnership Ltd Statutory Auditors Chartered A¢counlants Charnwo(xl House Harcourt Way Meridian Business Park Lei¢ester LE19 1WP Date". 2 September 2023 14
THE BRIDGE (EAST laDLANDSI CONSOLIDATED STATEMENT OF FNIPKIALACTMTIES IINCLUOING eONSOLI)ATED INCOIE AND EXPENtITUREAccoIMn YEAR ENDED 31 RCH 2023 Fur Fur Fufftds Fun In¢ome from.. 78.61S 78.615 1.fj34 24.444 S79.m l.$01.437 st1$ Chadtle 2,414 447,512 l414 Tot•1 ITh¥• SX• 499.226 1.(WS534 1.1.693 $79.993 1 58é 686 131,19 1.510 131.1 Chaffltle 6>J.791 1.$45.113 692,7fB I83, 1.17fj,495 943.413 30.794 1.574.2ll7 lknt iTrEam•l•Ap•ndthrt befo irnn 1146.4011 11440 150.aoil 10.479 18 .176 t teth t 146. fO.479 Tali 450 331.424 qt 1 April 2012 1.971 J41.453 328.828 FL balww5 It 31 2023 1.1{) 17. 210.492 339.482 1.971 341.453 chwity's Tt xir ye¥*a5 £134.075 (am.£15. ra w¢¢¥rel Tre rKdes p•Jes a) to 35txrn p•t 15
THE BRIDGE (EAST MIDLANDS} CONSOLIDATEO BALANCE SHEET AS AT 31 MARCH 2023 Not9$ 2023 I JA Fixed asE8t5 Tangible assets 6,321 .'A17.,151&: Current assets Debtors Cash al bank and in harnl 11 59,348 352.269 145,936 368.933 411.617 "7S14,'869 Credltors Amounts falling due thin ce year 12 1207.4461 (190.567} Net Gurrtnt assets 204.171 324,302 N•t assets 210,492 -.341-,453 Funds Unrestricted fijnds Reslricled- 14 16 15 . 193.11JO 16.918 "339.482 Inc¢xne Pemianent e¢0¥ent Totsl funds 13 210.492... Approve(J by Ihe Baard of Trustees on 27th September 2023 and wjried on sts belil ty.-'" J W8tyb Chair Company Registratlon numbor Q3114996 19$ 1 pages 20 10 35 1¢ part ol Ihese finarKbai stslemenls.
THE BRIOGE (EAST MIDLANDS) CHARITY BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 Notes Flxed assets Tangible assets 6,321 17.-151 Current assets Debtors Cash at bank and in hand- 11 59,348 352.082 358.483 411.430 508,528. Credltors Amounts falling due v•ithin w year 12 207,446 181,299 Net cuwrent awts 203.984 327,229 Net assets 210,305 Fund$ unstricted funds Restricted Income Permanent end(Aent 14 16 15 192.913 .16,918 474 342,4097;. Tolal funds 13 210,305 pwoved by the ofTrustees on 2Tr September 2023 and sne on its belTr*l ty. J Webb .NChair-.. ' Company RgglstratSon numbw 03114996 .' The notes on pagos 20 to 35 Icffl) part ol Ihesfj financial statements.
THE BRIDGE (EAST MIDLANDS) CONSOLIDATED STATEMENT OF CASHFLOWS YEAR ENDED 31 MARCH 2023 2023 2022 Cash flow from op¢rnting activities Cash generated frorn cperations 18.572 66,014 Net cash flow from operating •ctivitie$ 18.572 66,014 Cash tTow from inve*ing aclivities Purchase of new property, an1 arKI equiwent Sale of property. ant and equipment InStment inetrne reCeId (526) 20 2,414 114.9751 1.634 Nat ¢ath Ilow from investing actlviti•$ 13.341 Net decreage in cash and cath equivalents 116,664) (79.3551 Cash ar cash eqUilent5 * 1 Apn'l 2(r22 368,933 448.286 Cash cash eqUilentS at 31 March 2023 352.269 368,933 Cash and cash equivalonts conssts of: Cash at bank and in hand 352.269 368,933 Cath and •quivalents al 31 March 2023 352.269 368.933 18
THE BRIDGE IEAST MIDLANDS) CHARITY STATEMENT OF CASHFLOWS YEAR ENDED 31 MARCH 2023 Note 2023 2022 Cath flow from operating activities Cash generated from opErations {8,3091 164,8701 Ngt¢ath flow from operating adivitles 64.870 Cash flow from Investing activillès Purchase of new prrIrty. plant and equirxnent Sale ol proFerty. plant and equikynenl Irestment income (526) 20 2,414 {14,3811 1.634 Net cath flow fmm inveing activities 12,747 Nel qlecrea in cagh and cath equivalents {6.401) 177,6171 Cash and cash eQuilentS at 1 A1 2¢y22 358.483 436,100 Cash and cash equilent$ at 31 March 2023 352.082 358.483 Cath and cash aqulvalents consists ofr. Cash ai bank and in hand 352,082 358.483 Cath and equivalents at 31 March 2023 358,483 19
THE BRIDGE (EAST MIDLANDS) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2023 Accountin9 poIi¢i¢s The prinapal accounbrffJ pdiues are summarised beh)w. lal 8asi$ of a¢¢ounting Thè Bridge {Ea MNJkrKlsl is a private company limited by guanlee r&ted in England and Wa {registratn number 31149961 and registered charity wulated by the Charty Commission {registere<l number 1050596} wth a registweil ad(kess ai Jthn Storer House. Ward's End. Loughborough. L8£estefshiro. LE11 3HA The charity constitutes a public befft tity as defined by FRS 102. Th8 financial stalements have been prepared in accordance Accounting and Reming by Charit". StatÈJrent of RÈcommènded Practice applicable to ¢harities preparing Iheir accoLtnis in acccffdance Writh the Finaroal Reporting StarKJard applicable in the UK and Republ of Irdand issjjed in Cktoter 2019. the Financh?l Reporting Standard applic8ble in the Unrtèd Kingd¢yn and Republic of Ireland IFRS 1021. the Charthes Act 2011, the Companies 2006 and UK Generalty Accepte(l ALcwnb"ThJ PTa(Xice. The financial statements are ppar on agongconcem bass derthehrS1ry8l costconvention, modSfied lo include certain btems at fair value. The finanaal stalemenb are Fyesented in sterfing whith is the functional curmcy of the chwity. Monetary in Ihese finanoal slatements are rounded to ts nearest £. The signifi¢ant cnts"n9 policie5 applEd in Ihe wepara¢ion of these financtal stat8menls are set out below. These policies have been ¢ongstenlty applied lo all years presenled unless otherwise stsied. (bl Bosis of con501idation The con5(Aidated financial statemerts present the resun5 01 ihe chartty and ts subsidiary 1.the Group) as il they formed a ng entity. Intercompany transactS and balances beeen the Group entilies are therefore gltminaied in fvll. The results of the subslary urKlÈrtaking are sh(wn in the consolidated statemenl of financial a¢livitses within income and expenditure. The assets and liabilities of the subsidiary undertaking are combined with those ol the company in a con5didated balance sheet and a wnsolHlated cash Ilow statement on a line by line basis A separate siatement ol ffinaneAal activth"Ès for the MpanY is not presented as permitted by secIn 408 of the C¢ynpanies Act 2fJ)6. Ic) Fund accounting UnStrICty funds are available use al the olthe Tiu$tee5 n fUrtheranofthe general objectNes of the chanty. Designated fvnds a unrestricted funds earmawked bythe Board ofTrustees Icf particular Purposes. Re*ricted funds are subiecl to re5tricfion5 on their expenditure imposed by the donu. 20
THE BRIDGE (EAST MIDLANDS) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 A0tIng policies IcontiNed) Id} Rownltion of In¢om• l incoming resources are indu¢JJ in the Statennt of Fin¥1 ActIleS vthen charity is entitled to the kncome and the amount can be quantified wilh reasonable ac£uracy. The fotlowiro spe¢ifi¢ policies are applied to partlar •"es of income: Vduntay inc(¥ne 15 recaved by way of d0ftatKs aThJ gran15 and is tluded in fijll in lh$ ststeml Financial Activrtiès when rec•¥ab. Gfants. where entitlw)8nt is not ccrditN)nal on the delivery ol a specift perfcYman¢e by the thanty are recognised tho charity be¢omes UnnditiOnallY enlrfled 10 the grant. Legacies are rQgnised vtse there an tillernent. certainty of r1p1 and the awwkwnt can be measured wrth St reh.a"1. Incc¥ning resources from grants. where rdat&J lo pthftymance and sp8cffj deliverabks. are accounted for a5 Ihe tharity eams the rKJht lo ¢orsideratk)n by its perfnanCe. The value of seryices pfovKled by volunteers has roi iTrJLKled in tTre COunt$. Investment income is induded when receivable. IÈ) Expenditure recognition Expendilure is recognised on an accwals basis as a liabilfy 15 inGurred. ExpeThJrture in¢lLMJes VAT. which Cann be fecovere<1, and is reprylejj as part of the expenditure 10 whÈ(* it Idales" Costs of generating fvnds CoMSe the costs a$Sted wth attrxting vcduntary inC(e and the costs of fijndraising purposes. Charitable a¢tsvth"es expenditure crynprises those costs wwred by the charity Yb Ihe delivery of its activilE5 and services for its teneficiaries. Governance cosls "Nlude tlw costs asxxrateo meebng the wslitUial and 5ts1uisxy requirements of the charity include the audit fees and costs linked to the str8te&ic management of the charty. AJI cosls are alkxated bOn the •xw¥Jilure cale9m of the Stalemenl ot Financial Activrties a basis to reflect the use of the resource. Cosis relatsNJ lo a partUlar activity are althated diredy. The resource5 expended in the operatn of the Charity's centr31 serye5 System and central Off which cannot be dirÈ¢tty allctated arè app¢ylKined between Ihe exFeThJrture categories on the basis of the Èstmnated amounl of staff time inVoed in e8ch a¢tivrty. {fj Tangibfv fixed assets and deprlatIOn Depre¢iatK)n is provided al rates calculated lo vaite off the cost. less the estimated reydual value. of each asset over its expected useful lrfe. * varyirvj rates.. FtureS and equipment Computer equipment Siraghi fine Straighl line All items ol equipment that ale rM)t Consumab in nature are caKMtali5ed. Dvnaled a5S81s are tught in at their second hand value at Ihe date ol rewpt. 21
THE BRIDGE (EAST MIDLANDS} NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Ig) P•nslons The chanty partiupate5 in a defird ContribulK pension s¢hemetr Ihe benefftofthe empty, tha regular costs of which afe expended in the Statement of FinarKial A(XNilw as arKJ when incur. (h) Leases AJI aS&S are regarded as opwating leases and payrrnts made urbjw them ao expend&J in the Ststement of Financial Actywlp5 ovw the tern of Ihe lease. Employ•è Benefits When employees have rendered service to the ¢harity. shori-tem employee benefits lo whith the employees are entrtled are recognised at ihe dIonted amount expecte(I lo be paid in exchange for that serv. D•btors and creditors receivablelpayable wilhln one ar Debtors and creditors with no stated interest rate and rec1¥ab or payable within one year are recorded al transaction pri¢e. Any losses arigro from impainnent are rewJnis&J in expefidilure. Ik} Cash at bank and in hand Cash at bank and in hand indLKles cash in hand cash ts) depos. Taxation The Company is a registered and thus ts exempl fr(xn taxation on its ncome and caFital gair. For the subsidiary company tax wInI payable is based on tsxable profft for the y. Taxable profit d1ffers from net profit as reported in the accounts because It excludes items of in¢orne or expense that are taxable or deductible in other years and Il further excludes rtems that are ne¥er faxable ¢y deducts"ble. The company's liability lor curTeni lax is calcul8te(1 using tax rates that have been enacted or substanb.vely enacted by the replIng end date_ Im) Judgements and key sources ol •slimation uncertainty The charity makes estimates and assLtmpb"ons conceming the futu. The resulting accounting estifftates will. by definition. seldom equal Ihe retated actual resulls. The estimates and assumptions that have a gnificant risk of causng material adjustment to the ¢arrying amounts of the assets and liatslilie$ within the next financial year are addressed bèlow. il Usefvl economlc lives of tangible assets: The annual deprecialion charge for tan9ible assets is senstb.ve lo ¢hanges in the estimated useful economic lives and residual values of the as5. The usefvl economic lives and residual values are reas5es5ed 8nnually. They are amended when ne¢essary lo refiecl current estimates, based on technological advancement, fvlure investments, e¢onomic utilisation and physical condition of the assel5. See accounting policy note {ab)vel for the useful ewiomic lives fol each da5s of assets. ill Exp•nditure allocations: Expenditure is appOrtned wh• it relates to more than one calegcry (see note 5). In) Going ¢on¢¢rn The financial statements have been ppared on a going COreT basis as the trustees believe that no mat&rial uncertainties exisl. The trustees have considwed the level of funds hdd and the expected level ol income and expenditure for 12 monlhs from authorising Ihese financial statements. The budgeted income and expenditure is suffrient with the level of reserves for the charty lo be ab lo continue as a going concern. 22
THE BRIDGE (EAST MIDLANDS) NOTES TO THE ACCOUNTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Voluntary ineomè Unrestricted R¢stri¢ted X123 2022 Donicffts 96,382 78.615 Incoming rnsources from charilable a¢tivilles 2023 2022 Unre51ricted [js.. G0mml WKt otlv auttrKm"lie5 PutAic Sector Health Subsi¢Jiary inccme- g0ML aThl otlw wtrAic authwties 447.512 T16,657 36,000 111,787 447.512 924,444 23
THE BRIDGE (EAST MIDLANDS) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Incoming r•50ur¢•s from ¢haritabl• a¢tiviti•s Icontinuedl 2023 2022 Reslricted ndS.. Children In Need Vicw5 Relièf Furnl Glasspry Charity Link Mountsorrel Unit&J Chaiities Moneywise Plus Rutland GnIS YES TNLCF Homdes5 Olfen Sèrnice CWJ Food P<• Funding Pc4ice arKI Cn'me Crynmi5siorw mediati( Granl NWLDC-Rough Sleeper knitiati lfvjrmwly Rapd ReYjslryjI Leicèstersre CoLmty CrJrlI CWP SLPF4 FuThYir¥J FInce TU¢r Twst IHousirrJ Ath'cel Albert Hunt (Housing Adwcel Henry Smtth Charity AS1£ on Tnt INI {FcxyJ Vc15) Loughbor0h Lions Lace5tersh5 arJ Rulland Crynmrrity Flxmdat scher Trusi Shires Commimity Grant (Triage) TNL grant - Tria9e Getting Help in gr#nt Other food r•Wty donatlLV15 LCC r3 Focxj PertY Contain tJThYir¥J C(w knd fDr Outreach CBC Food Powerty frJnth"r Wailrose FLJJ Powty fijrxliry ASDA Fcoj PoKprty fvndir 44,957 1,lJJO 44.957 1,0 549 453 16,958 72,082 189 54.157 142.485 2.985 6.125 153,823 24,095 255 24,035 27.628 X6,543 23,619 5,(KJO 45.100 1.385 4.WO 2,400 66,701 24,995 3.636 15.( 12.gjo 17,500 20.5 1.499 600 499.226 579,993 24
THE BRIDGE (EAST MIDLANDS) NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 The Bridge ITradiTr91 Easl Midlands Limited Income Adrninistlati expwses 3,146 132) 111.787 1114.166) SurF4usl(deficitl taxatic 3.114 12.379) Tax SLwp%usl{deficitl 450 12.8291 3.114 SuU$l(deCltI for financid FericMI This is a Whol owned trading subgdiary in¢orpJoted in England and Wales and fimited by guarantee. The Bridge {Tradingl Easl MKllands Limited1109224641 undertakes a¢trvities of a similar nature to The Bridge (East Midlands). A sun7mary of the trading rnsujts are shown above. Unaudiled accounts have been filed with the Registrar of Companies. 25
THE BDGe IEIST IIIDLAP•JSI NOTES TO THE NNANCIAL STATEIAENTS ICONTINUEDI FOR THE YEAR ENDED 31 RCH 202) 7Dr 5 FF5%9 .?4} aini 4@F¢ l.VPII i $242 Fee IIU11 11VT5 I0.T 14357 17T 341 l5J 1.4•J l.VJl 174 t415 314 XIDI 1.IIJ 1.£4 111 85.t 4M 515 ly 515 171517 I5
THE BRIDGE {EAST MIDLANDS) NOTES TO THE FINANCIAL STATEMEKfs {CONTINUED) FOR THE YEAR ENDED 31 IAARCH 2023 Audi¢or'¥ iernuneratSon 2023 2022 Audits. UneratIOn - aAYii seIceS Auditors. remuneration- ajdit of subsidiwy Fees paid to Audit ts nc audit serwces Fees paid to Auditor kn non audit seThice5 - Subsidiary 5.600 I,0 2, 100 900 2,2CKJ 1,350 9.450 10,500 Staff cos and numbèr¥ 2023 2022 Staff costs were as follows Salaries Agency and other staff costs S¢xial security cosls P51( cOntrittIOnS Ex gratia royrrtent 734, 103 26.127 )5.548 11,285 48.521 61,839 876.764 1,027.193 company opeotes a defi3 contribJticm pwsion scheme in ¢$1 of its emtjoyees. The scheme aTrJ its assets are held by InderlJent manapB. Ihe Fension chwge represents contributi$ due from the company and amounted to £,036(2D22 - E61,839}. und ¢ontributions at the bae sheet ¢Jate Junted to £4,553 {2022 - £6. 1171. tring the year £nil {2022 - £nil} of (yJi of Frrket exFEn5es vEre reiMt[sed to Tnjstees )d no Trustees in this year or the preceding year were in receiFrt of remureraticffj. No ernoyee emoluments c¢ more than .(1)). The Chief Officer vr& cside to te a key emoyee ¢yvJ the He•1 of Pro9rammes & Ser%ices and the Operations Maro3erlFknJ of Quality & Infrastructwe.. Ir remuneraiion fiy the yew Wds £98, 178 12022 £126.8521. The awe number of emF4Lryees (rirj ttrE year Nvds as ft)Ilcms". 2023 2022 Charitst4e actiiitie5 Generati fiJThas 43 33 Taxatlon charity is exempt ftlxn corpyaticyi tax its charitatle tlitieS. tr&*rKJ subsidiary Company is liatAe fiy tax. 27
THE BRIDGE (EAST MIDLANDS) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Tanglble flmed •sts Cornputer Equiprnenl Fixtyres & Equipment Group Tolal At 1 April 2tr22 Athilions Disp05as 76.4 526 1601 129.919 526 {601 At 31 March 2023 76.916 130,385 AccumUlad Oeweci3tion At 1 Apnl 2022 Charge ly year Eliftnated d1$F$ 61.128 10.531 140} 51.640 112,768 11.336 {40} At 31 Mah 2023 71,619 52.445 124.(A4 14et book Values Al 31 K4arch 2023 5.297 1.(r24 6.321 At 31 March 2022 15.322 17,151 Tangibl• fixed •SEets Compukr Equipment Fixtyr•s & Equipment Charity Totsl At 1 April 2022 Athiliors 'sposs 76,450 526 1601 53.469 129,919 526 1601 At 31 Marth 2023 76.916 53.469 130,385 A¢cumula¢ed Depreciation At l April 2tr22 Charge for year Eliminal¢d disFK¥sa15 61.128 10.531 1401 51,640 112.768 11,336 1401 At 31 March 2023 52,445 124. Net book lueS Al 3? klwch 21rd3 5.297 1.024 6.321 At 31 Mah 2022 15,322 17,151 28
THE BRIDGE (EAST MIOLANDS} NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 10 Subsidiary The Bridge (East mlandS) is the member of The Bridge (Trading) East Midlands Limited 10922464 a company incorporated by guarantee in England and Wales. The Subsidiary's accounts have been consolidated in line wilh the accountirtg rrt¥liries. A summary of fv trading resuKs is stated in note 4. 11 D¢btors Group 2023 2022 Trade Debtors 30.405 131.815 Prepayments and other debt¢J 28,943 14,121 59.348 145,936 Charty 2023 2022 Trade Debtors Prepayments and other debtors Amounts owed by 9roup undertakings 30.405 131.513 28.943 14.121 4,411 59.348 150,045 12 CroditOTS (amounts falling due within on¢ y•*) Group 2023 2022 Trade creditors Other taxes and s(Kial SUrity Taxaln Accruals and deferred income Other crti$ 16,839 33.046 10.957 20.692 450 130,262 6,117 175.097 4.553 207,446 190,567 Charity 2023 2022 Trade creditors Other taxès and s(xial securty Accruals and dèferred income Other Creditors 16.839 32.988 10.957 175,097 4,553 15,310 126.884 6.117 207,446 181,299 29
THE BRIDGE (EAST MIDLANDS) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 13 Analysis of not a$s•ts b•tw•en lunds 31 March 2023 Group Unrestricted R•stricted In¢ome Funds Funds lunds Total Tangible fixed assets Net current assets 6.321 186.779 6.321 204,171 16.918 474 Net assets at 31 March 2023 193,100 16.918 474 210,492 Charity Unrestrict•d Restricted Endowmènt In¢om• Funds Funds funds Total Tangible fixed assets Nel current assets 6.321 186,592 6,321 203,984 16.918 474 Net assets at 31 March 2023 192.913 16.918 474 210,305 31 March 2022 Group Unrnstric¢ed R•stri¢l•d Ineom• Funds Endowm•nt Fund5 funds Total Tangible fixe<J assets Net current assets 17.151 322,331 17,151 324.302 1.497 474 Net assets at 31 March 2022 339.482 1.497 474 341.453 Charity Unreslricted Restricted Income Fund$ EndoTMment Funds fund$ Total Tangible fixed assets Nel cuffent assets 17.151 325,258 17,151 327,229 1.497 474 Net assets at 31 March 2022 342,409 1.497 474 344,380
THE BRIDGE (EAsf MIDLANDS) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 14 Unrestricted fund8 31 Mar¢h 2023 Gen•ral Und•>gnated Funds Group Premises & Repalrn RÈdundanty Contingency Total Balance at 1 Apnl 2022 suruSI{defiCltI for y Transfers 339,482 {146.4011 19 {146.4011 19 Balance at 31 March 2023 163, 100 193.100 Charlty General Undesignated Funds Premlses & Repal Redund¥n¢y Contingen¢y Totsl 8aanGe at 1 April 2022 Sijrpluslldeficitl for year Transfers 312,409 1149.515) 19 342,409 (149,S1 Sl 19 Balance at 31 March 2023 162.913 192.913 31 hlarch 2022 Group General Undesignated Fund Premises & R•dundancy Repalrn Contlngency Total Balance at 1 Awl 2021 SurpluW{deficitl fDr year Transfer 178.828 ,830 69,824 120,¢X 328.828 60.830 150. 1761 {120,¢X(11 Balance at 31 March 2¢)22 339,482 harlty General Undesignatèd Funds Premis & RepairJ Redundaney Contingency Tot¥1 Balance at 1 April 2021 Surpluslldeficitl lor year Transfers 176.748 6S.837 69.824 120.C 30.wo 326.748 65.837 150.1761 {120.WI Balance at 31 Mch 2022 312,409 30.¢YJO 342.409 31
THE BRIDGE (EAST MIDLAM)S) NOTES TO THE FINANCIAL STATEMENTS {coiifiNUED) FOR THE YEAR ENDED 31 MARCH 2023 15 Rgstrfcted funds- p•rfflanont •nd¢Yment This fund represen15 the a55ets ¢knaled by ChamvIx Shdter Pr110 The Bn'dge (East midlds}. There has be no ffl0vent on this fiJnd dlrJ 2023 nor 2022. 16 Reicted funds 31 March 2023 At Incoming Re&)urces Trande Al 01102022 Reg)uY¢es Expended 3110112023 CIldren in NJ Fund Vicars Relief Fund Glasspoot L&cesler Charrty Link YES - Youih EmployaLHlity Swpjt Bthue TnJ5t L•ceSteTrh Cumty thncil£WP SUFI Funding Florerte Twnw Tntsi- HIrj thce Altert Hunt - HjsIng Ad¥ce Henry Smrth Chanty ASIC on Trerrt Wl (Fc#JJ v$) LowhboTough C5 Shires CNnrnuyty Grant (Tnagel TNL grant- TnJe Getting Help In NeIghb1)>3$ grarrt NWLDC-Rapid RehousiTrJ Grants Mountsoffej Urllted Chants'es LrghbcUgh Wdfare TTUSI Other food donations Fwd PotY Conlain knding C(Trop fijnd tr outreach 44,957 739 1,218 421 275 27.628 1191 261 255 27.628 241 1¥2 192 23,619 23.619 45,1QJ 44,720 68 ,701 24,995 ,543 24.035 54,249 24,995 2CE,543 21.644 12,452 2,391 17.5C 1.497 499,226 483,786 19 16,918 32
THE BRIDGE (EAST MIDLANDS) NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Reicted funds (Continued) 31 March X122 At Incomlng R6UrceS Trander5 0110412021 ReUrceS Expended At 3110Y2022 chIdn in Need Fw Vicars Relief FUTh Glassp¢d Leicester Chanty "r Moneywise Plus YES - Youth EmFYtyalylty Suppjt TNLCF - Homdess oNd¥S Sce But1 Tnjst Leicestershire Ccyjnty Ctwncil- CWP SuWies Funding NWLDC- Rapd Reh(ing Grants Police & Qime Ctrnmis5iow- me(liati Granl 44,957 1.521 470 104.244 &9.897 145. 278 261 32.162 14.740 3.445 .157 142.485 192 24,(5 24.095 153,823 154,2 6.125 6.125 Mounlsorrel Unrted Charrties Loughborough Welfare Trust Sclwryjer Ttusl Cwi Fc#)J Foiwty fiJThJiTrJ Other focrfl povty Ik¥wtio Rulland "onS LCC Leics & RLrtlaThJ Community Fwhjati Fooa Pfftrty Contain FuTrJing CBC Fo()1 Poty FuThJir Wailrose Fotsj p0rtY FuTrJir¥J ASDA Fts)d Porty FuThl'ng 16. 16, 189 15.cixi 189 15,1)Xs 12.S)O 12.xo 20. 20,YXJ 1,49 2.122 579.993 .794 SJ,176 1.497 The main funds are hekl lor the follomng PLwposes: Childrèn in Need- funding towards 3 x mediatW F)Sts and a ¢ontribu¢i¢)n towards non-staffing costs. Lou9hborough Welfart Tru5t- contribution tIPAfards canvas bag In"atiVe Ireilu¢tion in plastic carrier b use for fo(MJ parcels)- Wicar5' Relief Fund- FundirftJ fof d*nt essentialsffumitLwelrent. Glas$pool - funding for dienl essentialslfvmitLtrelrenl. Leicester Charity Link - funding for client essentialslfumiturelr8nt. Mon•ywise Plu$- funding to w(xk wth people to increase Iheir financial and digital skills. 33
THE BRIDGE IEAST MIDLANDS) NOTES TO THE FINANCIAL STATEMENTS (coKfiNUEO) FOR THE YEAR ENDED 31 MARCH 2023 16 Restrictsd funds Icontinuedl YES- funding lo work th young people who are furthest from the labwr market. Butt frust~ fLrnding for client essentialslfumiture. Leicestershir• County Council Shire Communty Grant - contribution towards Chamwcod Food Poverty Group. 14WLDC {Raprd Rehousingl- lundin9 for 3 x suppNt workers to delivw a rapid rehousing service. Police and Crim• Commission•r- funding for a mediator to work wrth missing young people. hlountsorrel United Charities - contribution ttpwards Chamwcté Food Povwiy GrtyJp. Schroder Trust- fundin9 for starter packs. Co-op- funding food povety. Other food poverty donations- various individual d(S who specif that the rrorw be used for food poverty relief. Rutland Lions - provided funds to purchase a cker for a dient LCC r3- funding for food poverty. Leic$ & Rutland Community Foundation- lunding for food poverty. Food Poverty Contain fvndiry- funding fw food povety. CBC Food Pov•rty fundin9 - funding for food poverty. Waitroso Food Poverty fvnding . fvnding for foc¢J poverty. ASDA Food Poverty fvnding - fvnding ts food Foverty. Co-op lund for Outr¢a¢h- this wa5 to provide emergency SupleS such as hot drinks, x¢ks. sleeping bags. hot fd ete lor rfxjgh eeperS by our cNJtreach team. Gettlng Help in Nel9hbourhoods grant- funding to bcM)st help in Iwal wnmuniti8s- promoting llenCe. preVentn and self-help. TNL grant- Triage- lunding from the National Loltery to fiJnd our triage team and in particular the set up of tnage hubs arcKJnd the c(xJnty so that our provisw)n of help is more counwide. Shires Commun5ty Grart ITriag¢l~ addikn.onal funding to top up triage hours from TNL grant. Loughborough Lions- fvnding towards the relief of f¢KxI poverty. Henry Smith Charity- funding speofKally to cover the salary costs of Ihe head ol programmes and services. Lei¢èstershire County Council - CWP Supplies Funding- funding for the provision of food parcels and fuel payments io dKJibie claimants resthnt in Chamwc4)d. Where ihe balance is in credil this represents a short temi timing drfference expenses yet to be recouped through service contracts. 17 Oper•tiry lease mmItments ruP and Charity The charty had the fdlowng cornmitts widw nOKadIable cwatiThJ leases as set OLrt bdow.. Land and 8uildings 2023 2022 Other Operating Lèas•s 2023 2022 Operating leJs which expive.. One year Bet¥en and years 4,250 177 4,250 443 710 The cpwing lease commitments tate sdely to ¢harity.
THE BRIDGE (EAST MIDLANDS) NOTES TO THE FINANCIAL STATEMENTS {COtfflNUED) FOR THE YEAR ENDED 31 PAARCH 2023 18 Related Party Tran$a¢tlons Trustee Jeanette Webb is also managing directix of Jay Webb Consutsncy ServKe5 Lwnited. During tha year Jay W8bb CsUancY Limrted suppl the BreatheHR 50ftware to the charity al cost price 8nd also provided IT supwi in rdation to the 8reatheHR software free of charge. Jay Webb Consuhancy Seryices "miled also paid a total of £990 {2022.' £Nil) on behaw ofthe Charity during the year as a contribution towards the cost of the Nthe Abyards. The total amounl ordonalS r1Ve wth(xJl c(xKlitscs Irom tntslees was £53012022 £Nil). 19 Deferred Income Group and Charity Deferred income comwses grant and ottr irtome paid up fffxrt for the fulffilment of charitable acliwties.. 2023 2022 Balare as at 1 Apnl 2022 Amount release(I lo iome eamed from charitable actimlies Amount deferred in year 111.299 111.004 (64.5151 (111.0041 118,030 111.299 Balance as at 31 March 2023 164,814 111,299 There is no dthed income in relation to the subsidiary. Reconciliation of net incorne to net cashflow from operntlons Group 2023 2022 Net income for year Depreciation of tangible fixed assets L05s on diswsal of fixed assets InStment incryne Decreasellincreasel in debtors Increasel(decreasel in creditors (130.*1) 11.336 10.031 14.530 1,739 (1.634) (1QJ.919) 10,239 66,014 12.4141 86,588 16,879 18,572 Charity 2023 2022 Net Incomè for year Depreciation of tangible fixed assets Lc6s on disposal of fix&1 assets In4estment income Decreasejlincreasel in debt(X5 IncreaspJldecrease} in credit(Ys {134,0751 11, 15,036 14,530 1.739 {1,6341 (106,6831 12,142 64,870 12,414) .697 26,147 8.309 35