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 cC￿PANEs 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 appliCat￿e to charities preparing Ihw"r accounts in 0￿rdance 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 Fo1￿leS 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 Rep￿tIng by Charities.. s￿leMen1 of Re¢c￿Mended PractKe arpllcable to charit￿$ preparing their accounts in accordanc8 the Fin￿la1 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•$s John Storer House, Vlard's End. Loughborough. L8icestwshire, LE11 3HA THE BRIDGE {EAST MIDLANDS) REPORT OF THE BOARD OF TRUSTEES (COtriTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Ststutory Audltor The Rowley's Partnership Limited. Charte￿d Accountanls. Charnwood House, HarcoLWt Way. Meridian Business Park, Leicesler. LE19 1WP Bankers CAF 8ank Limited. Kings Hill, West Malling. Kent. ME19 4TA Structure, Governan¢• and Management Govenwng doGumenl The organisation is a charitable company limiled by guarantee. The company was eslaNished under a Memorandum of ASs￿lation. which sets the objects and prywers of the company and is governed under ils Articles of Asso¢iation. In the event of the crynpany being wc¥Jnd up. members are required to contribute an amount not ex¢eediThJ £1. R8UUltment and apwntrnenl of Trustees The Director5 of the coffyany are also charity Trustees for the purposes of charity and under the company's Artides are known as member5 of the 8oard of Trustees. The charty may. by ordinary resolution, appoint a person who 1$ 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 T￿OrnMended fcrf r￿eCtIOn 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 nOt￿e 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 SP￿￿r￿ 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 f￿l1rtated 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 M￿gate those risks. These systems are FWI¢)J￿alfy 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 revi￿￿1 by Ihe Board of Trustees '.annualty. Organisational Structure The charity provNJes a number of servus. and hom￿esS￿ 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 P￿Vents.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 PrOVi￿C￿ IF￿1 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. Objecti￿S 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￿ sp￿fiCa1ty 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 ¢alculaten. 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% wP*J 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 re￿IVed 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 It￿t 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 TraInin￿EdUcatIon 91.31% Improved Indep8ndence 86.36% Reduced Substance Misu$8 78.57¥• Reduced CrimelASB 75% Improved Cc￿ridenCe￿e1l-ESteern 89.36% Improved Communicatw Skills 93.02% Mcffe Able to Make Own Choices Plans for Futurn Peri¢xls The Bridge's Msion of'resilienl, Gompassionale ¢omrnunib"es. vknwe individuals thrive in safe and secure horneg. has provided the foundalions for Ihe devebpment ofthe charity's Four-year Stralegy fcy the per￿ 2020-2024. The Strateg￿ objectives wllined wthin Ihe strale9y SUPkXXt and guide the organisation wri1h its direGlion. In January 2022, the Strategic Managern*nt Tèam the Strategic c￿"theS and Ihey are now as foibws: THE BRIDGE (EAST MIDLANDS) REPORT OF THE 80ARD OF TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Stratqgic Obi•ctl 1. We will slrengthen current seThKe dler We w¢ll ensure Ihat all servi¢e o)wtunrties align with our ctye values We will identify gaps in {￿r se￿￿ ¢Jelwery and Oevek>p largeted sdutions lo improve We wll nurture and devebp wr partnerships fcrf the benefit of OLtr offer to clients We wll belter evblence our swal value and impact, developÈr*J a robust rewting frrnork 2. We wll ￿SUre that everyone cu*inues to be ¥ah￿d, nurtured, and fespected We will strengthen our governance and demonstrate an engaw. skilled. strategic Board of Truslees We will adopt a strengths-ba5ed approach for the benefft of our clients We will invest in our staff and cuttivate a highly Skill￿ and Valu￿ workforce We will embed delivery of core values io engage with communitie5 to refiect Ihe geographical diversity ol the communitie5 where we operate 3. Wo ￿11 devdop a ￿alive. suslainat4e, and fLrtwe fctused charitable organisation We will generale innovatNe incc*ne generation Solut￿$, including The Bridge 2 Collaboration We will nurture long tem) IbUs+nes￿corpWaIel partnerships for the benefit of the commun We will eslablish a community supporter basè of volvnleers and event ambassadors We will Pr￿luce a viable grant. trust fvnd and pr￿ureMent 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 [mE￿0vement We wll continue to create OPp￿t￿nitieS 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￿$8 0125% on lasl year. result￿9 in 8 net deficit for the year of £130.961 12022- surplus of £10.479I. Invgstrnent Policy Under the Memorandtm arKI Ariicles of AsSCtiat￿. Ihe charity has the p￿ver to make any investment %thich the Trustees see frt. Reserv•s Policy The charity has set ilseff a policy of mainiaining unr9Stri¢ted funds. which are the free reserves of the charity, at a level whith equates to approximately six months expenditure. This wlicy is de519r￿d to provide the charity with sufficienl lurNls lo sustain its operalions in the event of any changes to rts funding streams and is aligned to Charty Commission recommended good pra¢ti¢e. The tsrget level offree reserve5 base(l on cu￿ent adivities is approximatety £522.648. Al 31 MarGh 2023 Ihe aclual level ol free reserves. exduding restricted fund5, was £193,100. The ¢harity continues to work on adding to these reseThfes aryj continues to keep Ihe policy under review. THE BRIDGE (EAST MIDLANDS) REPORT OF THE BOARD OF TRUSTEES (CONTINUED) FOR THE YEAR ENOED 31 MARCH 2023 The Tnjstees (who are also Direct￿S of The Brty IEa5t MKllandsl the purposes of company L4wI are responsib￿ for preparing the Report of ihe Board of Trustees, and the finanual statements in accordance with applicable law and United Kingdom Accwnb"ng Stsndar(Js (United ￿"n￿AOM Generalty Accepted Accounting Pratso}. Company law requires the Board of Trustees to prepare financial statements for each financial year. which give a ITue and lair view of the state of affairs of the charitablecompany and of the incoming resources and application of resources, including the income and expendrture, of tha charitable company for the year. In prèparing these financial slalements. the Trustees a￿ required to". sdect 5vilable accounting and th￿ ath consistentty" (*&servè the mÈthods and principlès in th8 Charit￿$ SORP,. make judgments and estimatÈs that ar& rèasonable prudent.. state whether applu￿e 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 b￿S unless ¢1 is inappropriate to presume that the charilable company will ￿t￿ue 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 charita￿e company and hence for ta￿n9 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 a￿￿re 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 acC￿danCe 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 signif￿ant accounting pdicaes. The financial reporting fTamework that has been applied in their preparation is appI￿able 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 Prac￿0.. 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 Eth￿1 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 Un￿rtainL￿S 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 pen￿1 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 reSpon￿billtY 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 inf￿Ma￿.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 rep￿1 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 disclosU￿S of trustees, remuneration spectfied by ao not madè; we have not re¢wved all the inforrnab.on and explanalions we require f¢y Wf a￿111". or the trustees were not entitled to p￿pare 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 TnJsl*s. 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 state￿nIs. Ihe Irustees are respLYtsrble for assesgng the group and parent ¢h8ritable company's ability to continue as a wing concern. disclo￿n9, as applicable. matters relaled to soing ¢onGem and using the going ¢oncern basrs of a￿(WJnt￿g 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. outlineJ.791 1.$45.113 692,7fB I83,￿ 1.17fj,495 943.413 30.794 1.574.2ll7 lknt iTrEam•l•Ap•ndthrt befo irnn* 1146.4011 11440 150.aoil 10.479 18 .176 t teth t 146. fO.479 T￿ali 450 331.424 qt 1 April 2012 1.971 J41.453 328.828 FL￿ balww5 It 31 2023 1￿.1{￿) 17. 210.492 339.482 1.971 341.453 chwity's T￿t *xir* ye¥*a5 £134.075 (am.£15.￿ ra w¢¢¥rel Tre rKdes ￿ p•Jes a) to 35txrn p•t 15 THE BRIDGE (EAST MIDLANDS} CONSOLIDATEO BALANCE SHEET AS AT 31 MARCH 2023 Not9$ 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 c￿e 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 beli*l 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$ un￿stricted funds Restricted Income Permanent end(A￿ent 14 16 15 192.913 .16,918 474 342,4097;. Tolal funds 13 210,305 pwoved by the ofTrustees on 2Tr September 2023 and s￿ne￿ 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 In￿Stment inetrne reCeI￿d (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 eqUi￿lent5 * 1 Apn'l 2(r22 368,933 448.286 Cash cash eqUi￿lentS 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 prrI￿rty. plant and equirxnent Sale ol proFerty. plant and equikynenl Ir￿estment income (526) 20 2,414 {14,3811 1.634 Net cath flow fmm inve*ing activities 12,747 Nel qlecrea* in cagh and cath equivalents {6.401) 177,6171 Cash and cash eQui￿lentS at 1 A￿1 2¢y22 358.483 436,100 Cash and cash equi￿lent$ 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 gu*anlee ￿r&t￿ed in England and Wa {registrat￿n number 31149961 and registered charity wulated by the Charty Commission {registeregnated Funds Group Premises & Repalrn RÈdundanty Contingency Total Balance at 1 Apnl 2022 sur￿uSI{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 Premi*s & 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 M*ch 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¢Y*ment This fund represen15 the a55ets ¢knaled by ChamvIx￿ Shdter Pr￿110 The Bn'dge (East midl￿ds}. There has be￿ no ffl0ve￿￿nt on this fiJnd dl￿r￿J 2023 nor 2022. 16 Re*icted funds 31 March 2023 At Incoming Re&)urces Trande Al 0110￿2022 Reg)uY¢es Expended 3110112023 CI￿ldren in N*J 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- H￿Ir￿j thce Altert Hunt - H￿jsIng Ad¥ce Henry Smrth Chanty ASIC￿ on Trerrt Wl (Fc#JJ v￿￿￿$) LowhboTough ￿C￿5 Shires CNnrnuyty Grant (Tnagel TNL grant- Tn*Je Getting Help In NeIghb￿￿1)>3$ grarrt NWLDC-Rapid RehousiTrJ Grants Mountsoffej Urllted Chants'es Lr￿ghbc￿Ugh Wdfare TTUSI Other food donations Fwd Po￿tY 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 Re*icted funds (Continued) 31 March X122 At Incomlng R6￿UrceS Trander5 0110412021 Re￿UrceS Expended At 3110Y2022 chId￿n in Need Fw Vicars Relief FUTh Glassp¢d Leicester Chanty ￿"r Moneywise Plus YES - Youth EmFYtyalylty Suppjt TNLCF - Homdess oN￿d¥S S￿ce 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 Po*ty FuThJir Wailrose Fotsj p0￿rtY FuTrJir¥J ASDA Fts)d Po*rty 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 c￿ker 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 Sup￿leS such as hot drinks, x¢ks. sleeping bags. hot f￿d ete lor rfxjgh ￿eeperS by our cNJtreach team. Gettlng Help in Nel9hbourhoods grant- funding to bcM)st help in Iwal wnmuniti8s- promoting ￿llenCe. preVent￿n 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 r￿uP and Charity The charty had the fdlowng cornmit￿ts widw nOKa￿dIable cwatiThJ leases as set OLrt bdow.. Land and 8uildings 2023 2022 Other Operating Lèas•s 2023 2022 Operating leJ*s which expive.. One year Bet¥￿en and years 4,250 177 4,250 443 710 The cpw*ing 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 C￿sU￿ancY 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 ordonal￿S r￿1Ve￿ wth(xJl c(xKlitsc￿s Irom tntslees was £53012022 £Nil). 19 Deferred Income Group and Charity Deferred income comwses grant and ott*r irtome paid up fffxrt for the fulffilment of charitable acliwties.. 2023 2022 Balar￿e as at 1 Apnl 2022 Amount release(I lo i￿ome 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 dth￿ed 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 In￿Stment 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