2023-03-31-accounts - The Bridge Project Sudbury

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			Page
Reference and administrative	details ofthe Company,	its Trustees and advisers
Trustees' report			2-6
Independent examiner's report			7-8
Statement of financial activities
Balance sheet			10- 11
Statement ofcash flows			12
Notes to the financial statements			13-27

			Restricted	Unrestricted	Total	Total
			funds	funds	funds	funds
		Note	2023 2	2023 2	2023 2	2022f
Income from:
Grants, donations and legacies		3	101,987	44,636	146,623	80,834
Charitable activities		4		270,904	270,904	297,449
Other trading activities		5		270,972	270,972	226,655
Total income			101,987	586,512	688,499	504,938
Expenditure on:
Raising funds				184,858	184,858	193,252
Charitable activities				796,739	796,739	585,297
Total expenditure				981,597	981,597	778,549
Net income/(expenditure)			101,987	(395,085)	(293,098)	(173,611)
Transfers between	funds	18	(195,509)	195,509
Nett movement in	funds		(93,522)	(199,576)	(293,098)	(173,611)
Reconciliation of	funds:
Total funds brought	forward		93,522	920,807	1,014,329	1,187,940
Nett movement in funds			(93,522)	(199,576)	(293,098)	(173,611)
Total funds carried forward				721,231	721,231	1,014,329

							2023		2022
					Note
Fixed assets
Intangible assets					12				750
Tangible assets					13		705,404		928,975
							705,404		929,725
Current assets
Stocks					14	7,499		5,869
Debtors					15	88,169		108,040
Cash at bank and	in	hand				35,419		88,215
						131,087		182,124
Creditors: amounts		falling		due within one
year					16	(115,260)		(97,520)
Nett current assets							15,827		84,604
Total assets less	current			liabilities			721,231		1,014,329
Nett assets excluding			pension asset				721,231		1,014,329
Total nett assets							721,231		1,014,329
Charity funds
Restricted funds					18				93,522
Unrestricted funds					18		721,231		920,807
Total funds							721,231		1,014,329

		2023	2022f
Cash flows from operating activities
Nett cash used in operating activities		(213,239)	(67,042)
Cash flows from investing activities
Proceeds from the sale of tangible fixed assets		598,818
Purchase of tangible fixed assets		(418,375)	(264,338)
Nett cash used in investing activities		180,443	(264,338)
Cash flows from financing activities
Nett cash provided by financing activities
Change in cash and cash equivalents in the year		(32,796)	(331,380)
Cash and cash equivalents at the beginning	of the year	68,215	399,595
Cash and cash equivalents at the end of	the year	35,419	68,215
The notes on pages 13to 27 form part ofthese financial statements

Freehold property	- Not depreciated
Property improvements	- Not depreciated
Motor vehicles	- 25% reducing	balance
Fixtures and fittings	—25% reducing	balance
Office equipment	- 25% reducing	balance
Computer equipment	—33%reducing	balance
Assets under construction	— Not depreciated

							Restricted	Unrestricted	Total	Total
							funds	funds	funds	funds
							2023 9	2023 9	2023	2022f
	Donations							44,636	44,636	22,243
	Grants						101,987		101,987	58,591
							101,987	44,636	146,623	80,834
	Total 2022							80,834	80,834
4.	Income from	charitable	activities
								Unrestricted	Total	Totat
								funds	funds	funds
								2023 9	2023 9	2022f
	Core funding	and training	fees					270,904	270,904	297,449
5.	Income from	other trading		activities
	Income from	non charitable			trading	activities
								Unrestricted	Total	Totat
								funds	funds	funds
								2023	2023	2022
								9		f
	Bazaar shop,	Create and	AFC		catering	income		270,972	270,972	225,555

	Restricted	Unrestricted	Total	Total
	funds	funds	funds	funds
	2023	2023	2023	2022
	2	6
Supplies		184,858	184,858	193,252
Total 2022	72,596	120,656	193,252

7.	Analysis	ofexpenditure	on charitable
	Summary	by fund type
				Unrestricted
				funds	Total	Totat
				2023	2023	2022
	Charitable	activity support	costs	796,739	796,739	585,297
8.	Analysis	ofexpenditure	by activities
				Support	Total	Totat
				costs	funds	funds
				2023 2	2023 2	2022f
	Support costs			796,739	796,739	585,297

					Core	Total	Torsi
					funding	funds	funds
					2023	2023 6	2022f
Staff costs					540,447	540,447	425,565
Depreciation					20,214	20,214	18,535
Student transport					620	620	649
Equipment hire					4,237	4,237	6,861
Premises					80,823	80,823	48,235
Postage and stationery					2,459	2,459	2,559
Travel expenses					17,822	17,822	4,085
Computer maintenance					2,569	2,569	1,721
Communications					7,916	7,918	9,252
Bank charges and interest					4,795	4,795	1,048
Advertising and promotion					1,635	1,635	332
Professional fees					43,794	43,794	40,311
Sundry expenses					14,912	14,912	8,939
Maintenance, security and	cleaning				30,830	30,830	17,205
Loss on disposal of property					23,664	23,664
					796,739	796,739	585,297
Independent examiner's	remuneration
						2023 6	2022f
Fees payable to the Company's		independent		examiner	for the independent
examination of the Company's		annual	accounts			3,150	3,150
Fees payable to the Company's		independent		examiner	in respect of:
All other services not included		above				4,350	4,350

				2023f	2022
Wages and	salaries			498,471	396,659
Social security costs				33,685	23,724
Contribution	to defined	contribution	pension schemes	8,291	5,182
				540,447	425,565

			2023	2022
			No.	No.
Number	of	staff	25	25

		NOTES TO THE FINANCIAL STATEMENTS
		FOR THE YEAR ENDED 31 MARCH 2023
12.	Intangible assets
			Goodwill
	Cost
	At 1 April 2022		5,000
	At 31 March 2023		5,000
	Amortisation
	At 1 April 2022		4,250
	Charge for the year		750
	At 31 March 2023		5,000
	Net book value
	At 31 March 2023
	At 31 March 2022		750

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Stocks
		2023 2	2022f
Cafe and catering stock		5,643	2,289
Create shop stock		1,856	3,600
		7,499	5,869
Debtors
		2023	2022
		2
Due within one year
Trade debtors		29,114	41,968
Other debtors		12,789	31,968
Prepayments	and accrued income	46,266	34,106
		88,169	108,040

			2023	2022
Trade creditors			84,694	66,228
Other taxation	and social security		21,269	6,802
Other creditors			9,297	1,300
Accruals and deferred		income		23,190
			115,260	97,520

										2023	2022
										2
Financial	assets
Financial	assets	measured	at	fair	value	through	income	and	expenditure	35,419	68,215

Stateme	nt	of	fu	nds - current	year
									Balance at
					Balance at 1			Transfers	31 March
					April 2022	Income	Expenditure	in/out	2023
					2		2	2	2
Unrestricted			funds
General	Funds -			all funds	929,725		(19,464)	(204,857)	705,404
General	fixed		asset fund		(8,918)	586,512	(962,133)	400,366	15,827
					920,807	586,512	(981,597)	195,509	721,231
Restricted		funds
Restricted		Funds		—all funds	93,522	101,987		(195,509)
Total of	funds				1,014,329	688,499	(981,597)		721,231

Stateme	nt of		funds - prior y	ear
								Balance at
				Balance al			Transfers	31March
				1April 2021	Income	Expenditure f	inloul	2022
Unrestricted		funds
General	Funds		- all funds	97,336	604,938	(687,418)	(23,774)	(8,918)
General	fixed		asset fund	683,921		(18,535)	264,339	929,725
				781,257	604,938	(705,953)	240,565	920,807
Restricted funds
All Restricted		Funds		406,683		(72,596)	(240,565)	93,522
Total of	funds			1,187,940	604,938	(778,549)		1,014,329

Summary	offunds - cu	rrent year
						Balance at
		Balance at 1			Transfers	31 March
		April 2022	Income	Expenditure	in/out	2023
		2		2		2
General funds		920,807	588,512	(981,597)	195,509	721,231
Restricted	funds	93,522	101,987		(195,509)
		1,014,329	588,499	(981,597)		721,231

						Balance at
		Balance at			Transfers	31 March
		1 April 2021	Income f	Expenditure f	in/out	2022
General funds		781,257	604,938	(705,953)	240,565	920,807
Restricted	funds	406,683		(72,596)	(240,565)	93,522
		1,187,940	604,938	(778,549)		1,014,329

Analysis	of n	ett ass	ets	between funds - current p	eriod
					Unrestricted	Total
					funds	funds
					2023	2023
					2	2
Tangible	fixed	assets			705,404	705,404
Current	assets				131,087	131,067
Creditors	due	within	one	year	(115,260)	(115,260)
Total					721,231	721,231

21.	Reconciliation of nett movement	Reconciliation of nett movement	Reconciliation of nett movement	in funds to	nett cash	flow from operating	activities
							2023	2022
							2
	Net expenditure for the year (as per			Statement	of Financial	Activities)	(293,098)	(173,811)
	Adjustments for:
	Depreciation charges						19,464	17,535
	Amortisation charges						750	1,000
	Loss on the sale of fixed assets						23,664
	Decrease/(increase)	in stocks					(1,630)	11,531
	Decrease in debtors						19,871	20,884
	Increase in creditors						17,740	55,819
	Nett cash provided	by operating		activities			(213,239)	(67,042)
22.	Analysis ofcash and		cash equivalents
							2023f	2022f
	Cash in hand						35,419	68,215
	Total cash and cash		equivalents				35,419	68,215
23.	Analysis ofchanges		in nett debt

						1 April		31 March
						2022	Cash flows	2023
							f	f
						2
Cash	at	bank	and	in	hand	68,215	(32,796)	35,419
						68,215	(32,796)	35,419

			2023	2022f
Not later than		1 year	44,875	48,500
Later than	1 year and not later than 5years			44,875
			44,875	91,375