COMPANY REGISTRATION NUMBER: 04371480 CHARITY REGISTRATION NUMBER: 1091536 Bridge Mentoring Plus Scheme Company Limited by Guarantee Unaudited Financial Statements 29 February 2024 GORDON DOW OMP LIMITED Accountants & Business Advisors 144 Walter Road Swansea SA1 5RW
Brldge Mentoring Plus Scheme Company Llmlted by Guarantee Financial Statements Year ended 29 February 2024 Page Trustees, annual report (incorporating the director's report) Independent examinerfs report to the trustees 11 Statement of financial activities (including income and expenditure account) Statement of financial position 13 14 Notes to the financial statements 15 The followlng pages do not form part of the financial statements Detailed staternent of financial activities 27 Notes to the detailed statement of financial activities
Bridge Mentoring Plus Scheme Company Lirnited by Guarantee Trustees. Annual Report (Incorporatlng the Dlrector's Report) Year ended 29 February 2024 The trustees, who are also the directors for the purposes of company law, present thelr report and the unaudited financial statements of the charityfor the year ended 29 February 2024. Reference and administrative details Reglstered charity name Brldge Mentorfng Plu5 Scheme Charity registration number 1091536 Company reglstratlon number 04371480 Prlnclpal office and registared 46-48 Dunraven Place office Bridgend CF311JB The trustees M Hiett P Clarke Mr J Carlyon Mr S Baldwin E Faulkner E Hearne C Heard (Retlred 22 Aprll 2023) (Appointed 29 November 2023) Company secretary E He8rne Independont 8xamin8r Carl West Gordon Down & Company Limited 144 Walter Road Swansea SA1 5RW Structure, governance and management Governing document The Charity is controlled by its governing document, a deed of trust, and con8titutes a limited company, limited by guarantee.
Bridge Mentoring Plus Scheme Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnued) Year ended 29 February 2024 Structure, governance and management (contlnufjd) ReGrultment and appolntmont of now trusto05 All members of the Board of Trustees are recruited through open advertisement and adhering to the following guidelines as set out by the Charity Commission for England and Wales.. 1 } A charlty Identifies the need for new Irustees. This may be because vacancies have arisen through resignations, or it may be that existing tru8tee8 have decided that one or more new trustees with specific skills are needed to help run the charity more effectively. 2} The trustees agre8 what skills, experlence and knowledge arg needed, and wrlte It down In th8 form of a short job description and person speGrficatlon. 31 The trustees 8gree responslblllties and a process for recruitment. in doing this, they take care to comply wlth any speclflc requirements set out In the charitls governing document. Some of the work may be delegated to a sub-group of trustees, but the whole trustee board remains in full control of the process and decislons. Related parties After due consultation with the trustees, there are no known re5ated p8rti8S to disclose. Trustee Inductlon and tralnlng Mosl trustees are already familiar with the practical work of the charity as most wer8 previously involved in Bridge MPS in some way. They are also regularly invited to take part in team-building and staff development days and other Bridge MPS events. Additionally, new trustees are given various documentation to familiarise themselves with the charity and the context within which it operates. These cover.. The obligations of Management Committee members The main documents which set out the operational framework for the charity including the Memorandum and Articles Resourcing and the current financial position as set out in the latest published accounts Future plans and objectives.
Bridge Mentoring Plus Scheme Company Limited by Guarantee Trustees, Annual Report (Incorporating tha Dlrectorfs Report) (continued) Year ended 29 February 2024 structure, governance and management (contlnued) Rlsk Management The Management Committee has conducted a review of the major risk8 to which the charlty Is exposed. A risk register has been established and is updaled at least annually. Where approprlate. systems or procedures have been established to mitigate the risks the charlty faces. Internal control risks are minimised by the implementation of procedures for authorlsatlon of all transaGtlons and projects. Procedures are in place to ensure compliance with health and safety of staff, volunleers, clients and visitors to the Charity. These procedures are periodically reviewed to ensure that they contlnue to meet the needs of the charlty. The trustees have Conduoted their own revlew of the malor risks to which the charity 18 exposed, where at unacceptable levels, haven taken steps to mlllgale Ihose rlsk5. The procedures are periodically reviewed to ensure that they stlll meet the needs of the charity. The principle risks facing the charity and a Summary of Ihe key mltlgation actlon8, are noted below. Risk: Political opposition from com pelitors Mitigating Actions. Focus on building one-to-one relationships With k8y organisations and individuals Identifying mutual beneficial ways of working and supporting oth8r organisations to achieve their objectives Recognising expertise and s8eking to harness and bring tog8ther strengths of competitors in a coalition style network Rlsk: Loss of focusl mission drrft Mltigating Actions. Regular meetings. involving range of stakeholders including staff and volunteers. Regular and effective consultation with key cllent group Havlng engaged, skilled and trained trustees who provide challenge and support for Bridge MPS leader8hip. Rlsk: Staff malpraGticel a safeguarding failure Mitlgating Actlons: Implementing recruitment policies and controls for staffl volunteers with appropriate DBS checks Regular provision of safeguarding training for all staff and volunteers Effective supervision procedures Effective risk assessment systems In place Risk. A major property incidant Mitigating Actions: Implementation of ongoing property checks Risk. Loss of key personnel Mitigating Actions: Regular appraisals & team meetings Team development activities
Bridge Mentoring Plus Scheme Company Llmlted by Guarantee Trustees, Annual Report (Incorporating the Dir8Ctorfs Report) (continuedj Year ended 29 February 2024 Structure, governance and management {continued) Quality continuing professional development opportunltles Rlsk: Reduction in clients / service users Mltlgatlng Actlons: Development of activlties and communily projecls to attract new members Risk: Loss of funding for projects Mitigating AGtions: Diversify funding streams Generate own income Key management remuneratlon The board of Trustees together with key slaff members are considered to be the key management personnel of the charity. Details of payments to I from Trustees are dlsclosed in note 15 to the accounts. Payments made to other key management personnel are given in note 14. The level of payment made to all key management personnel is reviewed annually by Trustees. Organisational structure A scheme of delegation is in place and day to day r8spon8ibility for the provision of the services r8St with the Manager. The Manag8r is respoNsible for ensuring that the charity delivers the services specified and that key performance indicators are met and also has responsibility for the day lo day operational management of staff, individual supervision of the staff team and also ensuring thal the team continue to develop their skills and working practices in line with good practice.
Bridge Mentoring Plus Scheme Company Llmlted by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (contlntfftlj Year ended 29 February 2024 Objectives and activiti85 The Charity's objectives( the objectives") are to further or b8nefit the residents of the Bridgend County Borough and neighbouring communities and In such parts of the Unlted Klngdom or the world as directors of the charity (hereln called "the trustees ) may from time to time thlnk fit and to fulfil such other purposes which are excluslvely charltable according to the law of England and W818s and are connected with the charltable work of Ihe charlty wlthout dlstlnction of sex, sexual crlentation, race or of political. religious or other opinlons by- The promotion of equality and diversity for the public benefit Th8 prevention or the relief of poverty In particular but not exclusively by providing and assisting in the provision of education, training. and mentoring project and activities and all the necessary support designed to support individuals to become self-sufficient. The relief of unemployment for the benefit of the public in such ways as may be thought fit but not exclusively to find employment. The provision of supporl and aGtlvltles for young people or Indlviduals and famllies or public benefit, which develop their skllls, capacltles, and capabililles to enable them to partlclpate In society as mature and responsible Indlvlduals. To promote social Inclusion for the public benefit by preventing people from becoming socially excluded, rellevlng the needs of those people who are socially excluded, and assisling them to integrate Into society. Mlsslon Statement To break down barriers of social exclusion that prevent people from building bridges to a more positive future. Vislon The Bridge MPS believe people should have every opportunity to succeed in life regardless of their background or circumstances. We provide a safe and welcoming environment for children, young people, and adults of all ages to have advice and support, engage In learning and volunteering opportunitie5 or joln interest groups to promote emotlonal health and wellbeing.
Bridge Mentoring Plus Scheme Company Llmitad by Guarantee Trustees, Annual Report (Incorporatlng the Dlrector's Report) (contlnuedj Year ended 29 February 2024 Achievements and perforniance STAFF Prlnclpal Officer- Sarah Hearne Organlsatlonal Chart Band 5: Principal OfficerlCEO Bané 4: Development Officer - Finance Manager Band 3: Community Hub Manager- Youth Service8 Manager - Volunteer Manager Band 2: Youth Workers Band 1: Hub Support Workers- Admin Support The recruitment and seleGtion decision of The Bridge MPS is of prime importance for obtaining the b8St possible person-to-job fit which will, when aggregated, contribute significantly towards The Bridge MPS, effectiveness. It 18 also becoming increasingly important, as The Bridge MPS evolves and chang8s, Ihat new recruits show a willingness to learn. adaptability and ability to work as part of a team. In all our Recruitment and Selection, we ensure a policy that incorporates the followlng,. Fairness ané conslstency Non-dlscrlmlnatory selection Conformation to all statutory regulations and agreed best practice.
Bridge Mentoring Plus Scheme Company Limlted by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnu8d) Year ended 29 February 2024 Achievements and performanco (contlnued) Youth Provlslon Overvlew The youth Servlce that we offer th& young people of Brldgend Is for the ages of 8-18 years old. Being based In Bridgend County Borough, many of the young people that we work wlth are living in the top 20 % of deprlved areas as documented in the Welsh Index of Multiple Deprivation. This often means that many of the issues facing them are socio economic and that they are facing an uphill struggle that Gan be hard to break free of. We as an organisation aim to help any young people facing diff icullies such as mental health and emotional wellbeing or education engagement issues. Thi8 happens through the differenl services that we offer. Actlvltleslobjectlves We have three strands to our youth provlslon which include the following: The Mentoring Program which is where we recruit and train volunteers to provide menlorlng to children and young people aged 8-18, who may be experiencing adversity or emotional distress. This gives the young people of Bridgend someone to talk to and the confidence to meet their own individual targets that they may want to achieve that they can't do on their own. This is something we are hoping to expand and work on in partnership with schools to expand the service. Youth clubs We currently provide a youth club for young people aged 13-18 which runs on a Tuesday evening 5-7pm. All sessions are planned and run by our youth workers with oversight from th8 youth manager. These sessions are based on the six key principles of youth work - Youth-led." Inclusivity. equality and diversity,. Resp8cI- Quality, safety and well-being. Empowerm@nt,. Positivity Training We currently provide a work experience program for young people who are classed as NEET between 14-18 years old, that also promotes volunteering opportunities for young people. They gain a certificate forrll Agored Cymru in serving food, as well as learning practical skills and improving confidence. Achlevement and PubllG Benefit We have dellvered youth club sesslons to 25 young people, as well as developing and plloting our work experience prcgram. We continue to receive referrals to our mentorlng program and have matched several with newly Irained mentors. We have received funding for our youth manager and have set out our plan for the service over the next three years. Community Hub Overvlew The Brldge Community hub is located In the heart of Bridgend Town Centre. A place where people can access direct support and informal support services in an inclusive and nurturing environment. Our purpose is to foster a sense of unity within our community and to provid8 tools that enable our members to create positive change in themselves and their surroundings. We offer a range of services to support our community members in achieving their goals. Our hub provides access to dedicat8d support workers, education and training, well-being support and a community food pantry. Members can develop new skills and gain knowledg2 necessary to achleve their aims. We also provide a space where members can connect, neiwork, and collaborate with
Bridge Mentoring Plus Scheme Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnuod) Year ended 29 February 2024 Achlevements and performance (contlnued) Ilke-minded indlviduals. Thls helps to create a supportive community, where everyone feels valued and supported. We are conlinually developing our services, uslng feedback from our members and external agencle5. We regularly review and adapt our programs to meet the changlng needs of our community. This ensures that we remain relevant, responsive, and helpful. ActlvltloslObJactlve8 The Brid98 community hub h88 3 maln areas of service dellvery,. Enhancing Community Wellbeing: The primary aim of The Bridge communlty hub is to support and enhance the wellbeing of its members. By providing support services such as formal and informal supporl, signpcsting, Form Filling or Digital assislance. the hub aims to improve the overall mental and physical health of the community. Reduclng Food Insecurlty: The Gommunlty food pantry is a crucial parl of the hub's service delivery. The alm is to increase access to healthy and nutritious food for individuals and families experiencing food insecurity. By reduclng food insecurlty, the hub aims to alleviate financial stress an improve the physical health of its members. Fostering Social Connections.. The third aim Is to foster soc181 connections and build a Sense of community. Structured aclivities such as workshops, vclunteer opportunltles, and community events encourage members to engage wlth each other and bulld new relationships. By promoting social connections, the hub aims to reduce social isolation and create a supportive and inclusive community. We are proud of the impact we have had on the community and the success our memb8rs have achieved. Whether you are looking to access support, build new skills, our community hub 18 the perfect place for you. Join us today and become part of a thrlving community dedicated to promoting Positive change- Building Bridges to a more positive futuro. Achlevement and Publlc Beneflt Over the past year we have continued to provlde support for the most vulnerable members of our community. Our food panty servlce has been accessed over 1,445 times. we have provided 637 hot meals and 356 packed lunches for klds. The cost of living crisis continues to affect our community and we are always looking for new ways to mitigate the impacl. Over the Christmas period we worked with the Foodbank to deliver goodie. bags to those that were identified in crlsis. We continue to run actlvities that look at fostering connections and enhancing the wellbeing of our community. We have run several Family days with kids activities, Adult art sessions as well as Bounce and Rhyme toddler sessions. Volunteerlng Overview Volunteering can be a very rewarding exp8rienc8, and here at The Bridge we value the contribution made by volunteers. w.e ar8 Gommitted to involving them in appropriate positions and in ways that are encouraging, supportive and which develop the volunteer personally. We offer a range of volunteering opportunities within our Communlty Hub and Youth SeNlces and
Bridge Mentoring Plus Scheme Company Limited by Guarantee Trustses. Annual Report (Incorporating the Directorfs Report) {conllnued) Year ended 29 February 2024 Achievements and performance (¢ontlnued) welcome volunteers of all abilities and backgrounds. We can offer guidance and trainlng lo volunteers that enables them to develop practical skills and galn qualifications that can support routes into further education and career development. At the Bridge we recognise our responsibility to arrange volunteering efficienlly and sensitively so that the valuablg gift of the volunteer's time is best used to the mutual 8dvaNtage of all Goncerned.At the Bridge we r8cognlse our responsibility to arrange volunteering 8fficiently and sensitiV81y so that the valuable gift of th8 volunteer's time is best used to the mutual advantage of all concerned. Actlvltleslobjectlves We have three strands to our volunteerlng service which Include the following., General Volunteers those who wish to volunteer in the community hub café, drlvers that collect Surplus food from our partnershlp supermarkets, general maintenancelDIY etc. and the opportunity to volunteer support our youth clubs. Any volunteering related expenses can be fully reimbursed. Supported Volunteers those with any additional learnlng, physlcal, mental, or emotional needs that r@quire support and SLJpervision wh118t volunteering. Our volunteerlng program offers structured supporl to learn new skills and build confidence. We continue to work In partner5hlp wlth Bridgend College and Heronsbridge school to provide volunteering placements for Students with ALN. Volunteer Mentors a suitable, vetted, and trained adult (18yTS+) who can provide one-to-one support for a vulnerable young person who may need an appropriate rol8 mod81 to mentor them to me@t their own individual targets. All trailling is provided before mentoring starts and full support and supervision is given to the mentor during the mentoring relationship. Achievement and Public Benefit Over the last year we have provided volunteer placements to over 50 people. We have increased our volunteer mentors and our ability to support young people. We have also provlded training and increased employment opportunilies for all of those who volunteer with us. Collaboratlve Worklng Partnership working continues to be a priority for us at the Bridge, to ensure that we can provide the best possible service for those members of our community that access our provision. We continue to foster our relationship with Bridgend College providing rooms where they can deliver literacy and numeracy In a less formal learnlng environment. We also provide work placements for young people who are enrolled on the ILS program and health and social care training, alongside placements for year 13114 students from Heronsbrldge school. We remain Gommitted in reducing the environmental waste of food and addressing food insecurity by working in partnership with both Fareshare Cymru and several local supermarkets to redistribute food lo those in need. We have initiated new partnerships over the year, working with Awen Llbraries, The Foodbank, and Employability to deliver service to our community. We have also commenced a Professional "Pop Up where we invite other organlsatlon lo attend our
Bridge Mentoring Plus Scheme Company Llmited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (contlnued) Year ended 29 February 2024 Achievements and perfonnance (contlnued) Gommunity hub every Monday morning to discuss their services and network with others for the benefit of the community users. Financial Supporters A full list cf all those that have supported us over the last year be found in cur financlal accounts, However, we would like to take the opportunity to express our gratilude and appreciation to them all As a charity org8nisation we rely solely on the flnancial support of grant funders, trusts, and donations and without the continued support we would not be able lo be sustainable and deliver our servic8S to the community. Financial review Reserves pollcy The Charity is one that is nol for profit organisation. Its reserves are to be re-lnvested In order to achieve its principle aims and objectives. During the year the Trustees agreed to Set a reseNe policy which requires: Reserves to be maintained at a level which ensures thal the organisation'8 core activities could continue during a period of unforeseen difficultyfor at18ast thr8e months A proporation of free reserves to be maintained in a readily realisable form ie cash on deposit. The Trustees recognise that the Charlty Commlssion guidelines recommend greater reserves but we have a set policy which reflects our wish to safely commit as much as possible within the budgets allowed for training and mentoring. Golng concern Having consldered budgets for the next twelve months, the Trustees are confident that the Charily will continue to meet its Ilabilities as they fall due for the foreseeable future and consider that there are no material uncertainties about Brldge MPS ablllty to continue as a going concern. 11 is therefore considered appropriate by the Truslees to prepare the financial statements on a going concern basis. Small company provisions This report has been prepared in accordance with Ihe provisions applicable to companies entitled to the small companies exemption. The trustees, annual report was approved on trustees by: tql42 and signed on behalf of the board of E Hearne Charity Secretary 10-
Bridge Mentoring Plus Scheme Company Llmlted by Guarantee Independent Examiner's Report to the Trustees of Bridge Mentoring Plus Schem8 Year ended 29 February 2024 I reporl to the trustees on my examlnation of the financial statements of Bridge Mentoring Plus Scheme ('the Gharitl} for the year ended 29 February 2024. Responslbllltles and basis of report As the trustees of the company {and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements In a¢GordanGe wlth the requirements of the Companles Act 2006 ('the 2006 Act,). Havlng satisfied myself that the accounts of the company are not requlred to be audited under Part 16 of the 2006 Act and are eligible for independent examinatlon. I report in respect of my examination of the charity's accounts as carried out under section 145 of the Charities Acl 2Q11 ('the 2011 Act,). In carrying out my examinatlon I have followed the Directions given by the Charity Commlsslon under section 145(5)(b) of the 2011 Act. Independent examlner'8 Statement Sinc8 the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of th8 2011 Act. I confirm that l am qualified to undertake the examlnalion because l am a memb8r of the Institute of Chartered Accountants in England and Wales {ICAEWI, which is one of the list8d bodies. I have completed my examination. l Gonfirm that no matters have come to my attention in connection with the examination giving me Gause to believe.. accounting records were not kept in respect of the charty as required by section 386 of the 2006 Act", or the financial statements do not accord with those records,. or the financial statements do not comply with the accoLtnting requlrements of section 396 of the 2006 Act other than any requirement that Ihe accounts give a 'true and faSr' vlew which is not a rnatter considered as part of an independent examination., or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 11
Bridge Mentoring Plus Scheme Company Llmlted by Guarantee Indap8ndent Examinerfs Report to the Trustees of Bridge Mentoring Plus Scheme (continued) Year ended 29 February 2024 I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn In thls report in order to enable a proper understanding of the accounts to b8 reachgd, Carl West Gordon Down & Company Limited Independent Examiner 144 Walter Road Swansea SA15RW 12-
Bridge Mentoring Plus Scheme Company Llmlted by Guarantee statement of Flnanclal Actlvltles (including income and expenditure account) Year ended 29 February 2024 2024 Restricted funds Total funds Total funds 2023 Unrestricted funds Note Income and endowments Donations and legacies Charitable activities Other trading activities Other income 2,607 15,273 38,436 208,587 211,194 15,273 38,436 168,222 18,327 31,727 9,689 227,965 Total Income 56,316 208,587 264,903 Expendlture Expenditure on charitable activities Total expenditure 9,10 74,227 74,227 176.661 250,888 197,560 176.661 250,888 197,5EO Net Income (17,911) 31.926 14,Oq5 30,405 Transfers between funds 1,582 (1,582) Net movement in funds {16.329) 30.344 14,015 30,405 Reconcillatlon of funds Total funds brought forward Total fund8 carried forward 48.011 65,808 113,819 83,416 113,821 31,682 96,152 127,834 The statement of financial activities includes all galns and losses recognised In the year. All income and expenditure derive from continuing activities. The notes on pages 15 to 25 form part of these finanGlal statements. 13-
Bridge Mentoring Plus Scheme Company Llmlted by Guarantee Statement of Financial Position 29 February 2024 2024 2023 Note Fixed assets Tanglble flxed assets 17 8,962 4,424 Currant assats Debtors Cash at bank and in hand 18 1,513 124,398 125,911 14,869 98,181 113,000 Credltors.. amounts falllng due wlthln one year N8t current assets 19 7,040 3,605 109,395 113,819 118,871 127,833 Total assets less current Ilabilltles Funds of the charlty Restricted funds Unrestricted funds 96,152 31,681 127,833 65,808 48,011 113,81g Total charity funds 21 For th8 year ending 2g February 2024 the charlty was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The members have not required the company to obtain an audit of its financial statemenls for the year in question in accordance wilh section 476" The directors acknowledge their respon8ibilities for complying wilh the requirements of the Act with respect lo accounting records and the preparation of financial statemenls. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. Th e financial statemenls were approved by the board of trustees and authorised for issue on and are signed on behalf of the board by: M Hlett Trustee The notes on pages 15 to 25 form part of these financial stalements. 14-
Brldge Mentoring Plus Scheme Company Llmited by Guarantee Notes to the Financial Statements Year ended 29 February 2024 General Informatlon The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a regislered charily in England and Wales. The address of the registered office is 46-48 Dunraven Place, Bridgend. CF31 1JB. statement of compllanco These financial statements have been prepared in Compliance wllh FRS 102, 'The Flnanclal Reporting Standard applicable in the UK and the Republic of Ireland,. the Statement of Recommended Practice applicable to charities preparing their accounts accordance with the Flnancial Aeporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP IFRS 102)) and the Compallies Acl 200e. Accounting pollcles Basls of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properlies measured at fair value through income or expendlture. The finanGial statements are prepared in sterling, which is the functional currency of the entity, Going concern There are no material uncertainties about the charity's ablllty to continue. Judgements and key sources of estlmation uncertainty The preparatlon of the financial statements requires management to make judgements, eslimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, inGluding expectations of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the dlscretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall inlo cne of two sub-classes: restricted income funds or endowment funds.
Bridge Mentorlng Plus Scheme Company Llmited by Guarantee Notes to the Financial Statem8nts {contlnued) Year ended 29 February 2024 Accountlng pollcles (contlnued) Incomlng resources All incoming resour3 are included in the statement of financial activities when entlllement has passed to the charity,. it is probab16 that the economic benefits assoclated with the transaction will flow to the charlty and the amount can be reliably measured. The following speclfffic pollcles are applied to partlcular categories of income.. income from donations or grants 18 recognised when there is evldence of entitlement to the grft, receipt Is probable and its amount can be measured reliably. 18gacy income Is recognised when recelpt is probable and entitlement is established. income from donated goods is measured at the fair valu8 of the goods unless thls Is impractical to measure reliably. in which case the valu& is derived from the cost to the donor or the estimated resale value. Donated facillties and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is r8cognised with the delivery of the contracted service. Thls is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a partlcular purpose and returned if unspent, in whlch case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classrfied under headings of the statement of financial actlvitles to which it relates.. expenditure on raising funds includes the costs of all fundraising actlvities, events. non- charitable trading aclivit18s, and the sale of donated goods. expendlture on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries. including those support costs and costs relating to the governance of the charity apportioned to charitable actlvities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities, All costs are allocated lo expenditure categorles reflecting the use of the resource. DireGt costs altributable to a single activity are allocated directly to that activity- Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tanglble assets All fixed assets are initially recorded at cost. 16-
Bridge Mentoring Plus Scheme Company Limited by Guarantee Notes to the Flnanclal Statements {contlnuèd) Year ended 29 February 2024 Accounting pollclas (continued) Depreclatlon Depreciation is calculated so as lo write off the cost or valuation of an asset. less its residual value, over th8 useful economlc life of that asset as follows: Fixtures and fittlngs Equipment 25ts/0 Straight line 25 % straight line Impairment of flxed assets A review for indicator8 of impalrment is carried out at each reportlng date, with the reGoverable amount belng estimated where such indicators exist, Where the carrying value exceeds the recoverable amount, the asset 15 impalred accordingly. Prior impairments are also revlewed for possible reversal at each repcrtlng date. For the purposes of impairmenl testing. when it is not possible to estimate the recoverable amount of an individual assel, an estimate is made of the recoverable amount of the cash- generatlng unit to whlch the asset belongs. The cash-generating unit is the smallest identifiable group of assets thal includ8S the asset and generates cash inflows that largely independent of the cash inflows from other ass@ts or groups of assets. For impairm8nt tesling of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to eaGh of the cash-gener£ting unlts that are expected to benefit from the 8ynergi85 of the combinatlon, irrespeclive of whether other assets or liabilities of the charity are assigned to those units. Flnanclal Instruments A financial asset or a financial Ilabilily is recognised only when the entily becomes g party to the contractual provisions of the instrument. Basic financial Snstruments are Inltially recognised al the amount receivable or paable including any related transaction costs, unless the arrangement constitutes a financing transactlon, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilitles are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Defined contributlon plarjs Contributions to deflned contribution plans are recognised as an expense in the period In which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contrlbutioris are nol expected to be sottled wholly wlthin 12 months of the end of the reporting date in which the employees render the related service, the Ilability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arlses. 17-
Bridge Mentoring Plus Scheme Company Llmlted by Guarantee Notes to the Flnanclal Statements (contlnuod) Year ended 29 February 2024 Llmlted by guarant88 The Charity Is a company limited by guarantee and therefore has no share capital. Donations and legacles Unrestricted Funds R8Stricted Total Funds Funds 2024 Donatlons Donations 2,607 2,607 Grants Garfield Weston BCBC Summer of fun BAVO Tudor Trust AFA Community Fund BBC Children In Ne8d B & Q NEIGHBOURLY W8sleyaN Foundation W81sh Church AGt Fund H8nry Stnith Comic Relief National Grid South Wales Police Coop Sainsburys Monmouthsire Building Society Groundworks Millenium Stadlum Trust Communily Foundation Wales Moondan¢e Other grant income 15,000 15,000 5,000 26,000 2Q,000 18,000 6,400 9,900 5,000 50,300 5,000 26.000 20.000 18.000 6.400 9.900 5.000 50.300 3.237 3.237 1.500 1,500 2,500 9,978 34,272 1,500 2,500 9,978 34,272 1,500 2,607 208,587 211,194 Unrestricted Funds Restricted Total Funds Funds 2023 Donations Donations 5,324 5,324 18-
Bridge Mentoring Plus Scheme Company Llrnited by Guarantee Notes to the Financial Statements (contlnugdj Year ended 29 February 2024 Donations and legacies (continued) Unrestricted Funds Restrlcted Total Funds Funds 2023 Grants Garfleld Weston BCBC Summer of fun BAVO Tudor Trust AFA Community Fund BBC Children In Need B & Q NEIGHBOURLY We51eyan Foundation Welsh Church Act Fun Henry Smith Cornic Relief National Grid South Wales Police Coop Sainsburys Monmouthsir8 Building Society Groundworks Millenium Stadium Trust Community Foundalion Wales Moondance other grant income 1,827 992 28,000 9,970 34,301 1,827 992 28,000 9,970 34,301 5C,300 9,970 9,635 9,927 2,191 500 2,135 1,000 50,300 9,970 9,635 9,927 2,191 500 2,135 1,000 2,150 162.898 2,150 168.222 5,324 Charltable activities Unrestricted Total Fur]ds Unrestricted Total Funds Funds 2024 Funds 2023 Bridgend Coucil Homeless Provision 15,273 15,273 18,327 18.327 Othar tradlng activltles Unrestricted Total Funds Unrestricted Total Funds Fund8 2024 Funds 2023 Generated Income Room Hire 26,465 11,971 26,465 11,971 38,436 13,493 18,234 13,493 18,234 31,727 38,436 31,727 19-
Bridge Mentoring Plus Scheme Company Limited by Guarantee Notes to the Flnancial Statements (contlnued) Year ended 29 February 2024 Other Income Unrestrlcted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Other Income 9,e89 9,689 Expendltur¢ on charltable activitles by fund type Unrestricted Funds Restricled Total Funds Funds 2024 Mentoring and support Support costs 61,210 13,017 172,533 4,128 176,661 233,743 17,145 74,227 250,888 Unrestricted Funds Restricted Tolal Funds Funds 2023 Mentoring and support Support costs 28.591 10,586 39.177 156,375 2,008 184,965 12,595 197,560 158,383 10. Expendlture on charltable activities by activity type Activities undertaken directly Support cosls Total funds 2024 Total fund 2023 Mentoring and support Governance costs 233,743 13.575 3.570 247,318 3,570 250,888 193,874 3,686 197.560 233,743 17.145 11. Analysis of support costs An21ysls of support costs activity 1 Total 2024 Total 2023 Premises Communicatlons and IT General office Finance costs Governance costs Support costs - Depreciation Support costs - Other costs 355 1,250 3,682 229 3,570 4.895 3.164 355 1,250 3,682 229 3,570 4,895 3,164 259 1,530 2,603 189 3,689 2,536 1,792 17,145 17,145 12,598 -20-
Bridge Mentoring Plus Scheme Company Limited by Guarantee Notes to the Flnancial Statements (contlnugd) Year ended 29 February 2024 12. Net income Net income is stated after chargingl(crediling)'. 2024 2023 Depreciation of tanglble fixed assets 4,895 2,536 13. Indep8ndent examlnatlon fees 2024 2023 Fees payable to the independent examiner for.. Independent examination of Ihg financial statements 2,500 2,500 14. Staff costs Th8 total staff costs and employee beneflts for the reporting period are analysed as follows.. 2024 2023 Wag8s and salaries Social security costs Employer Gontributions to penslon plans 166,947 4,821 2,545 174,313 129,064 1.035 1.642 131,741 The average head count of employees during the year was 10 (2023.. 12). The average number of full-llme equivalent employees during the year is analysed as follows= 2024 No. 2023 No. Number of staff ~ management Number of staff - administralive Number of staff - training Number of staff - youth & support workers Number of staff - other slaff 10 No employee received employee benefits of more than £60,000 durlng the year (2023: Nil). 15. Trustee remuneratlon and expenses No remuneration or other benefits from employment with the charity or a related entlty were received by the trustees. 16. Transfers between funds Transfers from unrestrlcted reserves to restricted reserves are in relation to money spent over and above the grants received from the grant providers. Transfers from restricted reserves to unrestricted reserves are in relation to underspends on the grants received from the grant providers. 21
Bridge Mentoring Plus Scheme Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 29 February 2024 17. Tanglble flxed assets Fixtures and fittings Equipment Total Cost At 1 March 2023 Additions 45,926 3,784 49.690 39,885 5,669 85,811 9,433 95,244 At 29 February 2024 Depreclatlon At 1 March 2023 Charge for the year At 29 February 2024 Carrylng amount At 29 February 2024 At 28 February 2023 45,554 44,720 1,889 46.609 36,667 3,006 81,387 4,895 86,282 39,673 3,081 1,206 5,881 3,218 8,962 4,424 18. D8btors 2024 2023 Other debtors 1,513 14.869 19. Creditors: amounts falling due within one year 2024 2023 Trade creditors Pension Contro Oth8r Greditors 2,482 927 3,631 7,040 473 3,121 3,605 20. Pensions and other post retlrement benefits Defined contribution plans The amount recognised in income or expenditure as an expense In relation to defined contribution plans was £2,545 (2023.. £1,642). -22-
Bridge Mentoring Plus Scheme Company Llmlted by Guarantee Notes to the Financial Statements (contlnued) . Year ended 29 February 2024 21. Analysls of charltable funds Unrestricted funds At 29 February 2024 At 1 March 2023 Income Expenditure Transfers General funds 48,011 56,316 (74,227) 1,581 31,681 At 28 February 2 023 At l March 2022 Income Expenditure Transfers General funds 19,113 65,067 (39,177) 3,008 48,011 Restricted funds At 29 February 2024 At 1 March 2023 Income Expenditure Transfers Restricted Fund 1 Big Lottery Garfleld Weston BCBC Summer offun BAVO Awards For All AFA Community Fund BBC CIN Postcode Lottery Track 2000 Greggs Foundation Groundworks Millenium Stadium Trust- Community Foundation Wales Albert GubayAlbert Gubay Moondance Persimmons Fords Arnold Clark Neighbourly Grant Western Power - Local Giving Magic Little Grants Mr P James donation Tudor Trust 15,000 (7,585) 7,415 1.298 336 7,824 14,675 5,000 (5,6541 (3361 {11,716) {21,579) 20,000 18,001 16,108 11,038 (59) 349 {347) (449) {2} 2,500 2,051 164 9,978 (6,758) 3,384 34,272 (24,696) 9,576 837 1,862 (475) (1 ,491) 362 371 403 170 1,325 5,741 (135) (637) 268 33 500 (1,325) 26,000 (25,205) 6,536 -23-
Bridge Mentoring Plus Scheme Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 29 February 2024 21. Analysls of charitable funds (contlnuedj Henry Smith Foundatlon Comic Rellef National Grid SW Pollce - Safer Streets Coop Sainsburys Monmouthsire Buildlng So¢lety Lidl B & Q Neighbourly Wesleyan Foundatlon Welsh Church Act Fund Bridg8nd Town Council 16.239 7.116 2,872 50,300 (44,097} (7,097) (2,872) 22.442 {19) 3,236 (2,975) (403) (1,058) (261) 1,962 500 1,559 942 1.500 2,135 (7891 (5101 {1,011) {3,669) (5,000) 1117) {176,661) 74 10 1,420 500 6,400 9,900 5,000 500 5,389 6,231 383 65,808 208,587 (1.582) 96,152 At 28 February 2 023 At 1 March 2022 Income Expenditure Transfers Restrlcted Fund 1- Big Lottery Garfield Weston BCBC Summer of fun BAVO Awards For All AFA Community Fund BBC CIN Postcode Lottery Track 2000 Greggs Foundation Groundworks Millenium Stadium Trust- Community Foundation Wales Albert GubayAlbert Gubay Moondance Perslmmons Fords Arnold Clark Neighbourly Grant Western Power- Local Giving Magic Litlle Grants Mr P James donallon 5,594 {5.563) {1,652) (2,971) (6,522) (31) {175) (343) {1,607) 1,827 991 9,970 3,620 6,319 1,297 8,160 7,000 7,998 482 3.128 34,301 126,015) (8,004) {482) (3,136) (651) (85} (611) 14,675 1,000 71 14 1,151 (949) (38) 164 2,445 16,047 758 1,087 2,500 (2,369) (15,752) (766) 1501) 1638) 1399) 176} (2951 11) 836 1,862 250 401 (2) 1,000 500 {574) (330) (4,778) (23) 403 170 1,325 6,103
Bridge Mentoring Plus Scheme Company Limited by Guarantee Notes to the Financlal Statements (contlnued) Year ended 29 February 2024 21. Analysis of charltable funds (Gontinuodj Tudor Trust Henry Smith Foundation Comic Relief Natlonal Grid SW Pollc8- Safer streets Coop Sainsbury5 Monmouthsire Building Society Lidl B & Q Neighbourly Wesleyan Foundation Welsh Church Acl Fund Bridgend Town CounGiI 28,000 50,300 9,970 9,635 (22,259) (34,061) (2,854) (6,763) 5.741 16.239 7.116 2.872 9,927 2,191 500 (10,083) {229} 156 1,962 500 2,135 2.135 64,303 162,898 (158,3831 (3,010) 65,808 22. Analysls of net assets b8twean funds Unrestricted Funds Restrlcted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 1,338 37,383 (7,040) 31.681 7,624 88,528 8,962 125,911 (7,040) 127,833 96,152 Unrestricled Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 1.142 50.474 (3,605) 48,011 3,282 62,526 4,424 113,000 (3,605) 113.819 65,808 -25-
Bridge Mentoring Plus Scheme Company Limited by Guarantea Management Inforniation YBar ended 29 February 2024 The followlng pages do not form part of the financial 8tatements. -26-
Brldge Mentoring Plus Scheme Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 29 February 2024 2024 2023 Income and endowments Donatlons and legacles Donations Garfield Weslon BCBC Summer offun BAVO Tudor Trust AFA Community Fund BBC Children In Need B &Q NEIGHBOURLY Wesleyan Foundation Welsh Church Act Fund Henry Smith Comic Relief National Grid South Wales Police Coop Sainsburys Monmouthsire Building Society Groundworks Millenium Stadlum Trust Communily Foundation Wales Moondance Other grar)t inGome 2,607 15,000 5,324 1,827 992 28,000 9,970 34,301 5,000 26,000 20,000 18,000 6,400 9,900 5,000 50,300 50,300 9,970 9,635 9,927 2,191 500 2,135 1,000 3,237 1,500 2,500 9,978 34,272 1,500 2,150 168.222 211,194 Charitable activities Bridgend Coucil Homeles8 Provision 15,273 18.327 Other trading actlvltles Generated Income Room Hir 26,465 11,971 38,436 13,493 18,234 31,727 Other incom8 Other Income 9,689 Total income 264,903 227,965 .27-
Bridge Mentoring Plus Scheme Company Limited by Guarantee Detailed Statement of Financial Activities (contlnugd) Year ended 29 February 2024 2024 2023 Expendlture Expendlture on charitable actlvlties Wages and salaries Employor's NIC Penslon costs Rent Rates and water Light and heat Repairs and malntenanGe Insurance Other establishment 166.947 4,821 2,545 14,190 919 5,356 12,427 3,931 355 129,064 1,035 1,642 15,250 833 4,896 3,974 3,930 259 F 11 Other motorltravel costs Legal and professional fees Telephone Other office costs Depreciation Training Hub I Pantry I Zone consumables Youth club expenses and trips Computer costs Sundries Food par1 expenses 372 10,590 1,250 3,986 4,895 2,016 5,121 2,009 1.833 2.960 4.365 1,086 11,465 1,530 2,603 2,536 2,842 2,123 5,568 1,561 1,648 3,715 197,560 250,888 Total expenditure 250.888 197,560 Net incom8 14,015 30.405 -28-
Bridge Mentoring Plus Scheme Company Llmlted by Guarantee Notes to the Detalled Statement of Financlal Actlvlties Year ended 29 February 2024 2024 2023 Exp8nditur8 on charitable activltles Mentoring and 8UPPOrt Activities undertaken directly Wages Social security Dlrect charitable activity 1 penslon costs Rents Rates & water Light & heat Repairs & renewals Insurance Travelling Professional fee5 Direct charltable actlvity 1 other office costs Training Hub I Pantry I Zone consumables Youth club expenses and trips Computer costs Food par1 expenses 166,947 4,821 129,064 1,035 1,642 15,250 833 4,896 3,974 3,930 1,086 7,779 14,190 919 5,356 12,427 3,931 372 7,020 304 2,016 5,121 1,780 1,629 4,365 233,743 2,842 2,123 5,379 1,417 3,715 184.965 Support costs Cleaning expenses Telephone Printing, postage and stationery Depreciation Bank charges Refreshments Sundries 355 1,250 3,682 4,895 229 204 2,960 13,575 259 1,530 2,603 2.536 189 144 1,648 8,909 Governance costs Governance costs - accountancy fees 3,570 3,686 Expendlture on charitable activities 250,888 197,56Q -29-