REGISTERED CO.MP.4NY NL.NIBER.. 040899.18 (Eng12nd and Wales) RECISTERED CHARITY NUMBER: 1091212 Report of the Trustees and Unaudited Fin4nci#l Statemet$ for the Year Ended 31 October 2024 for Ivybridgellnk The Hughes ConsUlnCY l Golden Court Richmond Surrey TW9 IEU
lY)'bridgelink Report of the Truste for the I"e*r Ended 31 October 2024 The tThstees w,ho are also direciors ot the charity. for the purpose> of ihe Companics Acl '(K)6. prcsenl their report M'ith the financial statemenL8 of the charity. for the year ended 31 Ociober ?024. The trustees h&i'e adopted the prok'isions of Accounting and Rewrting by Lhariiies.. Ststcmeni of Recomm¢nd¢d Practice applicdble lo chJriii¢s preparing their aLcounts in acLurdan¢e with thc Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 2019). OBJEC'fiN'ES AND ACTIVITIES Objeciives And aims l To promote the benefii ol the inhdbitants of Ivybridge Es¢ilte. Islewotth dnd neighbourhood (hereinafter called 'the area of benefit,) wiihout distinciion of gertder. sexual orientation, race. abilits, or of political, religious or oiher opinion, by associating looether the said inhabitants and the local auilK)riiies. vOlUnts and other organisations in common effort to adi'aDce education and io provide facilities in the interests of )Cial welfare for recrcaiion and Icisure-time occupaiion with thc object of improN'ing Ihe condiiions of life for the said inhabilants.. to relieve pol'crty. sickness and distress and promote the protection and preservation of public health in the area of bencfil in particular ihrough assisting in the pro%'ision of advice. infonn8tion and SUPFM)rt. b) To establish. or secure the establishment of. 8 community centre Ihereafter called 'the Centre,) and to maintain and manage the same (whether alone or in ClH>peratson with any local authoriry, or other perbon or body) in funh¢rance of these objeLts. cl IvybridgeLink qhall be non-paw. in politics and non-sectarian in rcligion. ACHIETr'EMENT AND PERFORMANCE Ch#ritable activitles 2024 has been an exccllent year for the Bridgelink CommuThitN' Ccntrc thanks to fijnding from both thc National Lottery and Hcnry Sniith Charity. This has put the Centre on a more stable financial footing and enabled our CoTnmunity" Partnerships and Prugrammes Manager 5UPPUrted bv the Community Development Wurker to dei'elop aLXii'iiiei, prograinmes ¢ind cvents f()r Ivybridge residents. Highlights of this year include.. Year round youth clubs, homework club and holiday programmes fided bv Henry Smith Charity. A Community Pantry '1th fidIng from ihe London Borough of Hounslow Household Suppon Fund and donalions including from Isleworth & Syon School. Gurnlev House ConN'eni School FCJ. St Bridgeis Church, Souili Streel cafe, Old Isleworth Klarkei. All Souls. This has developed into a communit! hub with a host of WTap around services for those most in need, including Ciliz¢ns Advice, Community. Solutions, Housing. EACH Counselling. NHS Social Prescribin& Health Outreach teanL Crosslight debt SUPPOrt amongst others. Wc had a change of officc administraior in May so the Mork io dcN'elop Sage as our accountanc}' package is continuing Nryth support from Hughes ConsultatLLy to dci.clop our use of Sage a¢countancv and to compleie our financial reports. We are now a Sky Up Digitsl Hub and oyr 3 year partnership wilh Sky wqll improi'e our digital offcr. particularly io young people and those aged 50+. Our refvrbished cafe and IT room has added value io the Centre as a conununiry rewurce and 14 regularlv hired by delivery partners to deliwer valuable community seTh'ices. An uplift to our National Lottcrv grant has proi.ided increased staff hours for the Community Development Worker and the administrator to mce¢ ihe needs of our growing prograTnmcs and ieTh"ices. An aniiual c.ommunity Open Day for residents was introduced. wilh oi'er 150 people in attendance and over 25 different services and agencies prokiding informauon stalls and activities ai the ei'enL An increase in wellbeing sen'ices offered from the centre thanks to partnehipS with The Positivc Movement and NHS scrvices such a5 Social Prescribing and The 'elIbeing Network. Also have a reoulat IDVA on Sitc from EACH Counselling. New ESOL classes providing support and acting as a siepping sione for women looking io move into education or work. Page I
lTr'i'bridgeiink Report of the Tru5te¢5 for tbe l'ear Ended 3] Ociober 2024 FUTURE PLANS Eiieigy EtTiciencv grant for improN'emeniS to the building infr&strnctur¢ and to mOe towards our commitmeni to reduce our c&rbon (outprint become energy etTicienl. National Lottery grant to sustain both posts of ihe Communiry Partn¢rships & Prograinmes Manager and the Community Dcvclopment IN'orker. BBC CIN (Children in Need) grant lo susthin and develop the Children & Youth Offer for 20?5-2028 increase the range of aciivilies to include ans and multi-media. Henry s1th Chariry or equivalent IOT an Unrestricted grant to susthin services introduced in the past year. Dev¢lop our digital offer through our partnership with Skj. London Borough of Hounslow and volunteers from Isleworth & Syon School. ResCah and source fimding and partTheTships to susuin the Conununity Pantsy offer. STRLTCTURE, GOVERN.4ThCE AND MANAC.F.MF.hT Governing document The chariry is controlled by its governing documeni a deed of trusu and eonstitiites a limited Company. lirnited by guarantee. as defined by the Companies Act 21K16. REFERENCE AND .4DMINISTK4TIVE DETAILS Registered CompaD)' number 04089938 IEngland and Nl'ales) Registered Charitv number 1091212 Reglstered office Bridbyelink Centre 773 Summerwood Road Isleworth TW7 7QR Trustees Ms L A Green A Hadawdy R Kemp (resigned 3011112023) Ms K V Morgan Ms D Squires Ms S Henry (appointed 251312024) Ms H R Chuhan (appointed 251312024) Independent EX¥nner The Hughes Consult8n¢y l Golden Court '¢bmond TW9 IEU ll.os zs Approved by order of the board of trSte¢s on .... . and signed on its behalf by: Trusiee Page 2
Ind¢pend¢ni Eximiner's K¢port to th¢ Trustees of Ivvbridgelink Indep¢nd¢nt ¢xapilner's report to the frustees of Ivybridgelink ('the Compny') I ieporr io the ¢harit)' trustees Ofk mv examination of the accounL% of the Company for the year ended 31 October 2024. Ilesi)oi)s&bilitiEs basi$ of report tls cliaiity's truslecs of the Company (and thlso its directOTS for thc purposts of company liw) you arc re5p)nsible foi th¢ preparation of the ac¢ounts in accordatwe wtth tlie rEquir¢meAts of ihe Compznies Aci 10061'the 2006 Ac¢). Hawing salisfied myself Uiat die a¢counts of the Conipany are not required to bt audited under Part 16 of the 2006 A¢1 and are eli&yible for ind¢pendent examinatioo I report in respeGt of my examination of your cliarity's a¢¢ounts a5 carried out undcr Seclio 145 ot"Ilie Charities Act 2011 (he ?0 I l Artl. In rryIng oui my ex8min81ion I h&ve followed the Directions g5v¢n by the Charity C'.onimissioi) uiider S¢ctioTr 145(5) (b) of the ?0 I l Aa. INd¢pendent examliier's stteinent I have iotTrpleÈed my examinatiotL l Gonfirm no Mauets havc Comc lo my 4111iiOll in connectson with the examination giving m¢ ¥ausL to b¢licv¢'. ac¢ounting Tecords were not kepi in resped of the Company as required by Section 386 of the 2006 ACL or Lh¢ accouns do not accord 1th thos¢ F¢¢ords- or thc a¢wuniS do noi Coniply with die accouniing requirements of Section 396 of th¢ 2006 Act other than any rcquirement tlial thc accounts give a irue &wid fair vicw is not a mall¢r considered as part of an iiidepei)dent examiiialioii; or the acGulin hov¢ noi bcen prcpartyj in 8c¢ordance with th¢ methods and principles of the sternent of R¢coillniended Praciice for accounting and reporting by charities (applicable to charities preparing their accounts in a¢cordancc with thc Fiiiancial Reporliiig Staiard applicable iji the UK and Republic of Irclaiid IFRS 1021). I liavc no concLrns and have coine across no other matters in eonnection with the exomin8tion to which attention should be drnwn iii this rcport Ili Ord eiiable a proper understanding of th¢ accounts ts) be reach¢d. Tl)c Huslies Co1UlnCY The Hu¥h¥5 Cunsultanry l Gold¢n vrt Richmoiid Siirrey TW9 IEU Date- 2Jlf . Pag8 3
Iv)bridEelink Stalement of Financial Actii'ities for the l.ear Ended 31 October 2024 2024 Total funds 2023 Total funds Lnrestricted nds Re%trictrd funds Noles INCOME AND E)DOI*'MENTS FROM Donations and Icgiacies 2.188 R8I793 188,981 168.576 Other trading act]tieS 53,71)0 4.917 58,617 46.126 55.888 191,710 247.598 214,70? EXPENDITLRE ON Other 40,236 137.087 177J23 158.825 NET INCOME 15.652 54.623 70,275 55,877 RECONCJLIAI'ION OF FL'I%DS Total funds brought foN'ard 69.407 83,180 152,587 96,710 TOTAL FUNDS CARRIED FORM'ARD 85.059 137,803 222062 152.587 The notes forni pan of thcse financial staiements Page 4
lyybridgelink Bgl#nce Sheet 31 October 2024 2024 Tot¥1 funds 2023 Total funds Unrestricted funds Restricted funds Notes FIXED ASSETS Tangible assets CURRENT ASSETS Debtors Cash at bank 3,423 232J93 2,698 159.400 3,423 94.592 137801 98,015 137,801 235,816 162,098 CREDITORS Amounts falling due within one year {12.954) (12.954) (9.511) 137.801 222,862 152.587 NET CURREP4T ASSETS 85,061 TOTAL ASSETS LESS CURREST LIABILITTES 152.587 85.061 137,801 222362 152,587 NET ASSETS 85.061 137,801 222.862 FUNDS Unrestricted fuads Restricted fidS 85.061 137JOI 69.407 83.180 222062 152.587 TOTAL FLINDS The charitable company is entiiled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 20*4. The mcmbers haN'c not rcquired the companv to obtsin all audit of its financial statements for the year ended 31 Ocrobci 2024 in accordance with Seciion 476 of the Cornpanics Aci 2006. The trnstees acknowledge Iheir respon5ibilitie5 for (a) ensuring that thc charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial 513tements M,hich give a true dnd fair iiew of ihe stale of alTairs of the charitable company al the end of each financial year and of its surplus OT deficit for e8¢h financial )'ear in accordance with the requircments of Sections 394 and 395 and which othm4ise comply 'ith the rcquircments of the Companies Act 2006 relating lo financial statements, so far as applicable lo the charitable company. (b) The notes fonn pan of these financial statements Page 5 continued..
lTr'Tr"bridgeiink Balance Sheet- continutd 31 October 2024 Thcsc financial stalcments havc bcen preparcd in a¢eordance 7th thc provisions applicabl¢ to charitabl¢ c4)mpanic5 subject to the small companies regime. The financial statcments were approved by the Board of Trusiees and authorised for issue on .... . signed on its behalf by: . and were Trustee JE6618 8ouil85 The notes fotm part of these financial sthiements Page 6
IvvbridgellDk Yotes to ihe Finaneial St*temeDts for the l.ear End¥d 31 October 2024 ACCOUNTING POLlCtES Basis of preparing the fthanclal statements The finanLial siatements of the ch#ritablc compan)., thhich is a public bcnefii eniity under FRS 102. have been preparcd in accordance wilh the Charities SORP (FRS 102) 'A¢counting and Reporting by Chariiics- Statement of Recommcnded Praciice applicabl¢ to charities prcparing their accounts in accordance with the Financial Reporting Stsndard appli¢able in th¢ UK and Republic of Ircland IFRS 102) Icflcctivc l Januarv 20191,. Financial Rcporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Companies Act 2006. The financial slatemenls have been prepared under the hislori¢al cosi conweDliOn. Income All income is recognised in the Statement of Financial Activities once the charity IMS entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expendlture Li8bilities are reeogniscd as expenditure as soon as ihere is a le?81 or Constructive obligation comn)itting the charity 10 that expenditure, it is probable th8t a transfer of economic benefits TrI1 be required ill settlement and the amount of thc obligation can be MeaSud reliably. Expenditurc is accounted for on an accruals basis and hds been classified under headings thal aggregate all cost related io the category. Where costs cannot be directly attribiited to particular headings they have been allocated to a¢iiviiies on a basis ¢onsisteni with the use of resources. T%ngible fixed asscts DepTe¢iation is provided at the following annual ratcs in order to Myitc off eoch asset over its estimated useful life. Taxation The charity is ex¢1 from corpordtion tax on its charitable aciiN'ities. Fund aceounting Unres1ricted funds lan be used in dcLordanLe with thc cbaritdble ubjeclives at the diSLTction of th¥ ttee. Restricted funds can only be Sed for particular restricted purposes w'ithin the objects of the charity. Restrictions arise whon spceificd b>. the donor or when fvnds arc raiscd for particular rcstrictcd purposcs. Fijtther explanation of the n8ture and Pu>$e of each fund is included ID the noies to the financial slatemcnts. Pension costs and other post-retirement beDer The charitable company operates a defined contribution pension %heme. Contributions pa)'able to Ihe charitable companYs pension scheme are Charged to the Ststement of Financial Activltics in the period ts) Wlch they relate. OTHER TIL4DlIYG ACTIVITIES 2024 2023 58,617 46,126 Hall hir¢ Page 7 continued...
Iv>'bridgeiink Notes to the FinaDci#I Statemellts- continued for the l'ear Ended 31 O¢iober 2024 TRLSTEES. REmuNETIO.1 AND BEINEFITS There were no trUtee, remuneration or other benefits for the year eThJed 31 October 2024 nor for the year ended 31 October ?023. Tru51ees' expenses There wcre no trustees, expenses paid for the year ended 31 October 2024 TKir for the year ended 31 Ociober 2023. CO.MPARATIVES FOR THE STATEIET OF FLNLNCIAL ACTII'ITIES Unreslrictrd funds Restricted fun(ts Total fimds INCOME AND ENDOWMENTS FROM Donations and legacies 7.998 160.578 168,576 Other trading activities 46,126 46.126 Total 54.124 160,578 214,702 EXPENDITLIRE ON 31.624 127,201 158,825 NET INCOME 22,5 33.377 55,877 RECO)CILIATION OF FUNDS To] tunds brought forn7Td 46.909 49,801 96,710 TOTAL FUNDS CARIUED FORII'ARD 69.409 83,178 152,587 TAI%GIBLE FIXED ASSETS Plani and machinery Computer equipment Tota15 COST Ai l Novembcr 2023 and 31 OCber 2024 57.867 2,751 60,618 DEPRECIATIOY Ai l November 2023 and 31 October 2024 57.867 2.751 60,618 NET BOOK VALUE At 31 oc10r 2024 At 31 October 2023 Page 8 continued...
lYybridge]ittk Notes to the Financial Statements- continued for the lear Ended 31 October 21124 DEB TORS: AMOUi%TS FALLtNG DUE wrrHIN ONE YEAR 2024 2023 Trade d¢btors VAT Prepa)Tnents J.924 1,184 315 1.448 1.250 3,423 2.698 CREDITORS: AMOULYTS FALLING DLIE WITHIN ONE I'EAR 2024 2023 Trade creditors So¢ial security and other tsxes Other creditors Accrued expenses 307 2.199 7,268 3,180 7.417 .250 12.954 9.511 Page 9 continued...
lTr>bridgelink Notes to the Fillancial St#lemellt5- continued for the l-ear Ended 31 October 2024 MOVLMENT IN FUNDS Net movement in funds At 1.11.23 At 31.10.24 Unrestricted funds Cieneral fund Designated futKIs" 44,407 25,000 15.654 60,061 25.000 69,407 15.654 Reslrieted funds A4A Stay & Play Grani 85,061 467 TCF Youth Grant 467 Mural Grani 3,422 3,422 Hubbub Fridge Grant I,ouo Music Equipment LBH fiu)ds 3,(H)O HHSF Panty Grani 3,570 3,570 The National Lottery Grant Garden Community Grallt 2022 Henry Smith Charity Grant Topup LBH CJrant 2023 Wintcr Houschold Supwjrt Warni Spaces LBH Grani 22 23 4,284 28.875 500 13.699 500 23,788 75 4.284 63,402 500 21,744 500 35,t137 75 34,527 8,045 12,049 83.180 54,621 137,801 TOTAL FLSDS 152,587 70,275 222,862 Net movement ill funds. included in the above are as follows: Incoming resources Rcsources expended Mov¢mcnt in funds Unrestrfieted funds General fund 55,888 (40,234) 15.654 Restricted funds Th¢ National Lottery Grdni Henry Smith Charity Grant Winfrr Household Support 108.918 $4,000 28,792 (74,391) (45,955) 116,743) 34,527 8,045 12,049 191,710 (137,089) TOTAL FUNDS 247.598 (177J23) 70,275 Page 10 continued...
Ivvbridgelink Notes to the Financial Statements- contiDued for the I'exr Ended 31 October 2024 MOVEMENT IN FU)DS- continued Comparxtives for movement ID funds Nel movement in fund5 At 1.11.22 At 31.10.23 Unrestrlcted funds General fund Desig[ted furKIs 44,407 25.000 21.909 25.(M)O 22.498 46.909 22.498 69.407 Restrl¢ted fund Houns1o. & Isleworth The Fore L4Fr A4A Stav & Play Grant 416 954 (416) (954) 3.725 {3.258) 467 TCF Youth Grant 13,870 (10.448) 3,422 Nlurnl Grant 1.000 1.000 Hubbub Fridge Grant 3,0(K> 3.000 Music Equipment LBH funds 3.570 3,570 HHSF Panty Grant 6,661 16.605 (2,3771 12.270 5(K) 13.699 500 4.284 28,87) 500 13.699 500 23,788 75 The National Lottery Grant Garden Commuuiry Grani 202? Henry Smith Charity Grnnt Topup LBH Grant 2023 Winter HOSehOld SuPrt Wam Spa¢es LBH Grant 22 23 23. 75 49.80I 33,379 83,180 152,587 TOTAL FLNDS 96.710 55.877 Pagell continued...
Ii'ybridgeiink ot¢S lo the Finllnci41 St4tements- continued for the l'ear Ended 31 October 2024 MOVEMENT IN FLNDS- continued Comparaiive net movcment in lund¥ included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds Generdl fund 54.124 {31,626) Restricted funds Hounslow & Isleworth The Fore IL4Fr A4A Sta}, & Play Grant 14161 1954) (416) (9541 TCF Youth Grant (4501 (2,808) (3.258) HHSF Panty Grant 110.448) (10,448) Thc National Lottery Grant Garden Community Grani 2022 Henri, Smiih Charity Grdnt Topup LBH Grant 2023 Winter HoLtsehold Support Warni Spaces LBII Grant 22 23 (2.3771 (59.093) 1500) (43.410) 71,363 I.IM)O 57.109 5¢KI 29.136 1.920 (2.377) 12,270 500 13,699 500 23,788 75 (5.348) (1,845) 160,578 TOTAL FLSDS (127,199) 33,379 214.702 1158,8251 55,877 Page 12 continued...
Ivvbridgelink Notes to the Financial St¥tements- continued for the Trear Ended 31 October 2024 MOVEMENT IN FU.ryDS- con¢ittued A cUent year 12 months and prior year 12 month5 combined position is as follows.. Net movement in fidS At 1.11.22 At 31.10.24 Unrestricted funds Gener21 fund Designated funds 21,909 25.0(Kl 38,152 60,061 25,000 Restricted funds lounslow & Isleworth The Fore lUT A4A Stay & Play Grant 46.909 38,152 85.061 416 954 {416} (954) TCF Youth Grant 3.725 (3.258) 467 Mural Grant 13.870 (10.448) 3,422 Hubbub Fridge Grant .000 Music Equipment LBH funds 3.0 HHSF Panty Grant 3.570 3.570 The National Lottery Grant Garden Communiry Grant 2022 Henry Srnith Chariry Grani Topup LBH Grant 2023 Winter Hous¢hold Support Warni Spaces LBH Grant 22 23 6.661 16,605 (2.377) 46.797 500 21,744 500 35.837 75 4.284 63,402 500 21.744 500 35,837 75 49,801 88.000 137.801 TOTAL FL.)DS 96.710 126,152 222.1162 Page 13 coniinued...
Ivl'bridgelink Note5 to the Financial Statemethts - continued for the l ear Ended 31 October 2024 MOVEMENT IN FUNDS- corytinued A current year 12 months and prior year 12 monEhs combined net movement in funds. included in the above are follows.. Incoming Resources expended Movement in funds Unreslricled funds General fund 110.012 (71,860) 38,152 Restrieted fund5 Hounblow & Isleworth The Fore IiAFT A4A Stay & Play Grani (416) {954} (416) (9541 TCF Youth Grant (450) {2,808) (3.258) HHSF Panty Grant (10.448) (10.448) The National Lottery Grant Garden C(ImJDunity Grant 2022 Henr). Smith Charity Grdni Topup LBH Grant ?023 I'inier Household Support Warn] Spaces LBII Grant 22 23 (?.377) (133,484) {500) 189,365) 180,?81 1,00 111.109 500 57,9?8 1.920 (2,377) 46.797 500 21,744 500 35.837 75 {22.0911 11,845) 352,?88 (264288) 88,0 TOTAL FLTDs 462.300 {336.1481 126,152 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 Ociober 2024. Page 14
Ivvbridgellnk Detailed Statement (If Financial Activilies for the I'exr Ended 31 October 2024 2024 2023 INCOME AND ENDOWME2%TS Donatlons and legacies Events and donations Grants Donated 5en'ices and faciliiies 12J34 176,447 9.227 159.324 25 188,981 168,576 Other trading activities Hall hire 46,126 Total ineomlng resources 247398 214.702 EXPENDITURE Support costs Other Wagcs Pensions Premises Insurdnce Light and heat Telephone, post and sthtionery Sundries Other expenses 122J58 3,731 5,943 1,210 8,765 6,147 100,686 3,105 14.096 2.733 7.351 5,309 32 21,866 25.659 173,813 155.178 Gov¢rnance costs Accountancy and legal fees 3JlO 3,647 Total resources expended 177J23 158,825 Net tneome 70275 55.877 This page does Dot form pan of the statutory finaocial statements Page 15
Iv)'bridgelink Conlent5 of the Fin¥Dcial Statements for the Year Ended 31 October 2024 Page Report of the Trustees Independen¢ Exgminer's Report Statetnent of FiDantial ActiTrities Bal¥n¢¢ Sheet Yotes to tbe Financial Siatements 7 to 14 Det8ii¢d Statement of Financial Acti1tie5 li