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2022-03-31-accounts

Page
Trustees'
report
1-9
Statement
oftrustees'
responsibilities 10
Independent
auditor's
report 11 - 14
Statement
offinancial
activities 15
Balance sheet 16
Statement
ofcash flows
17
Notes to the financial statements 16-35

Reference and administrative and administrative details
Charity name Bridges Centre
Charity number 1079085
Company number 3853667
Registered office Bridges Centre
Drybridge
Park
Wonastow
Road
Monmouth
NP25 5AS
Trustees DrAnn Rosser - Intedim Chair
Susan Eldridge - Chair - resigned Feb 2022
Geoff Quinn - Treasurer
Haydn Cullendones
Jane Duke
Robin Gibson
Jane Gunter
Emma Baker
Caroline Hargaden
Mark Walton - appointed Feb 2022
Dr Catrin Maby - appointed August 2022
Christian de Silva - appointed August 2022
Secretary Caroline Hargaden
Senior management team Aileen Atkinson
- Centre Director
Laura Morgan - Finance Officer
Mark Jones - Facilities Manager
Amy McDougall - HR Officer
Helen Morgan - Project Team Manager
Paula Jones - Project Team Manager
Louise Rixon - Funding Officer
Matt Vasquez-Holland -Shop Manager
Auditors Azets Audit Services
Ty Derw, Lime Tree Court
Cardiff Gate Business Park
Cardiff
CF23 8AB
Bankers HSBC Bank Pic
12Agincourt
Square
Monmouth
NP25 3DY

Unrestricted Restricted Total Unrestricted Total Unrestricted Restricted Total
funds funds funds funds
2022 2022 2022 2021 2021 2021
Notes 6 6 6 8 6
Donations
and
legacies 14,494 4,337 18,831 5,570 5,570
Charitable
activities
272,384 670,360 942,744 215,978 818,446 1,034,424
Other trading
activities
35,728 35,728 10,760 10,760
Investments 430 430 273 273
Other income 4,119 4,119 2,867 2,867
Total income 327,155 674,697 1,001,852 235,448 818,446 1,053,894
Rttgaoditttrmg;
Charitable
activities
289,597 781,538 1,071,135 169,217 774,634 943,851
Other 12 272 272
Total expenditure 289,869 781,538 1,071,407 169,217 774,634 943,851
Net incoming/(outgoing)
resources before transfers 37,286 (106,841) (69,555) 66,231 43,812 110,043
Gross transfers
between
funds
(4,571) 4,571 22,842 (22,842)
Net incomel(expenditure)
for the year/
Net movement in funds 32,715 (102,270) (69,555) 89,073 20,970 110,043
Fund balances at 1 April 2021 270,230 449,365 719,595 181,157 428,395 609,552
Fund balances at 31March
2022 302,945 347,095 650,040 270,230 449,365 719,595

2022 2021
Notes 6 6
Fixed assets
Tangible assets 13 259,588 331,670
Current assets
Stocks 14 1,800
Debtors 15 25,012 86,367
Cash at bank and in hand 441,780 449,261
468,592 535,628
Creditors: amounts falling due within
one year 16 (78,140) (147,703)
Net current assets 390,452 387,925
Total assets less current liabilities 650,040 719,595
Income funds
Restricted funds 17 347,095 449,365
lfaraatrictattfuoda
Designated
funds
142,958 105,371
General
unrestricted
funds 159,987 164,859
302,945 270,230
650,040 719,595

2022 2021
Notes 6 6 6
Cash flows from operating activities
Cash generated
from operations
22 8,412 278,073
Investing activities
Purchase oftangible fixed assets (16,740) (63,439)
Proceeds on disposal oftangible fixed
assets 417
Investment income received 430 273
Net cash used in investing activities (15,893) (63,166)
Net cash used in financing activities
Net (decrease)/increase
In
cash and cash
equivalents (7,481) 214,907
Cash and cash equivalents at beginning ofyear 449,261 234,354
Cash and cash equivalents at end of year 441,780 449,261

2022 2021
F
Monmouth
Social Circles
1,935 337
Befdending
project
8,145
Building Bridges project 21,877 12,169
Operating
grants
641,620 884,631
Hire ofrooms 152,440 81,523
Other project income 21,269 9,809
Shop income 103,603 36,927
Escorted Minibus scheme 883
942,744 1,034,424
Analysis
by fund
Unrestricted
funds
272,384 215,978
Restricted funds 670,360 818,446
942,744 1,034,424
Unrestricted Unrestdicted
funds funds
2022f 2021
Bar 10,833 79
Bistro income 22,134
Fundraising events 2,761 10,681
Other trading activities 35,728 10,760

Unrestricted Unrestricted
funds funds
2022 2021
6 6
Interest receivable 430 273

Sundry
income
8 Charitable
activities
Unrestricted Unrestricted
funds funds
2022 2021
4,119 2,867
2022 2021
8 8
Depreciation
and impairment
88,132 72,472
Building Bridges costs 259,925 269,661
Befriending
project costs
217,458 340,056
Volunteering
for Wellbeing costs
152,528 134,489
Other specific grant/project costs 29,645
Monmouth
Social Circles costs
2,640
Bistro costs 45,838
Barcosts 6,125 1,973
Shop costs 76,605 48,776
Escorted Minibus scheme costs 588
Tea dance costs 25
Activities,
fundraising
&events 2,602
Sundry costs 139
878,997 870,680
Share ofsupport costs (see note 9) 188,254 69,488
Share ofgovernance costs (see note 9) 3,884 3,683
1,071,135 943,851
Analysis
by fund
Unrestricted
funds
289,597 169,217
Restricted funds 781,538 774,634
1,071,135 943,851

8 Support costs
Support Governance 2022 Support Governance 2021
costs costs costs costs
8 6 F 6
Wages and salaries 117,401 117,401 32,361 32,361
Rent, rates and utilities 26,349 26,349 12,202 12,202
Postage,
printing,
stationery
and marketing
3,121 3,121 2,478 2,478
Telephone
and licences
4,225 4,225 3,105 3,105
Repairs, maintenance
and equipment 16,261 16,261 587 587
ITand ITmaintenance 6,691 6,691 5,016 5,016
Insurance 8,629 8,629 7,860 7,860
Other staff costs 445 445 832 832
Bank charges 923 923 964 964
Accountancy
fees
4,209 4,209 4,083 4,083
Audit fees 3,667 3,667 3,500 3,500
Trustee meeting
expenses 217 217 183 183
188,254 3,884 192,138 69,488 3,683 73,171
Analysed
between
Charitable
activities
188,254 3,884 192,138 69,488 3,683 73,171

The av erage
monthly
number ofemployees
during
the year was:
2022 2021
Number Number
Wages and salaries 642,617 584,744
Social security costs 39,836 32,485
Other pension costs 18,690 25,805
701,143 643,034

Unrestricted Total
funds
6
2022 2021
Net loss on disposal oftangible fixed assets 272
272

13 Tangible fixed assets
Leasehold Fixtures and Motor vehicles Total
land and fittings
buildings
Cost
At 1April 2021 1,384,282 264,944 99,423 1,748,649
Additions 5,400 11,340 16,740
Disposals (30,294) (30,294)
At 31 March 2022 1,384,282 240,050 110,763 1,735,095
Depreciation
and impairment
At 1 April 2021 1,162,064 242,921 11,995 1,416,980
Depreciation
charged
in the year 56,735 6,705 24,692 88,132
Eliminated
in respect ofdisposals
(29,605) (29,605)
At 31 March 2022 1,218,799 220,021 36,687 1,475,507
Carrying
amount
At 31 March 2022 165,483 20,029 74,076 259,588
At 31 March 2021 222,220 22,022 87,428 331,670
14 Stocks
2022 2021
8 8
Goods for resale 1,800
15 Debtors
2022 2021
Amounts
falling due
within one year:
Trade debtors 10,861 48,538
Other debtors 1,146 15,481
Prepayments
and accrued income
13,005 22,348
25,012 86,367

Creditors: amounts
f
alling due within one year
2022 2021
6
Other taxation and social security 11,626 9,654
Trade creditors 7,435 81,114
Other creditors 11,250 8,977
Accruals and deferred income 47,829 47,958
78,140 147,703
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19 Analysis ofnet assets between funds Analysis ofnet assets between funds Analysis ofnet assets between funds Analysis ofnet assets between funds
Unrestricted Restricted Total Unrestricted Restricted Total
2022 2022 2022 2021 2021 2021
6 6 6 6 F
Fund balances at 31
March 2022 are
represented
by:
Tangible assets 17,045 242,543 259,588 20,194 311,476 331,670
Current assets/
(liabilities) 285,900 104,552 390,452 250,036 137,889 387,925
302,945 347,095 650,040 270,230 449,365 719,595
20 Operating
lease commitments
At the reporting
end
date the charity had outstanding commitments for future minimum
lease
payments
under non-cancellable operating leases, which fall due as follows:
2022 2021
6
Within one year 32,101 32,101
Between two and five years 5,939 38,040
38,040 70,141

22 Cash generated
from operations
2022 2021
(Deficit)/surpus
for the year
(69,555) 110,043
Adjustments
for:
Investment
income recognised
in statement
offinancial activities (430) (273)
Loss on disposal oftangible
fixed assets
272
Depreciation
and impairment
oftangible fixed assets
88,132 72,472
Movements
in working capital:
(Increase)/decrease
in stocks
(1,800) 1,665
Decrease/(increase)
in debtors
61,356 (10,301)
(Decrease)fincrease
in creditors
(69,563) 104,467
Cash generated
from operations
8,412 278,073