COMPANY REGISTRATION NUMBER: 04371480 CHARITY REGISTRATION NUMBER: 1091536 Bridge Mentoring Plus Scheme Company Limited by Guarantee Unaudited Financial Statements 28 February 2025 GORDON DOWN & COMPANY LIMITED Accountants & Business Advisors 144 Walter Road Swansea SA15RW
Bridge Mentoring Plus Scheme Company Llmited by Guarantee Financial Statements Year ended 28 February 2025 Page Trustees, annual report (inGorporating the director's report) Independent examiner's report to the trustees 13 Statement of financial activities (including income and expenditure account) 14 statement of financial position 15 Notes to the financial statements 16 The following pages do not form part of the financial statements Detailed statement of financial activities 28 Notes to the detailed statement of financial activities 30
Bridge Mentoring Plus Scheme Company Limitsd by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 28 February 2025 The trustees. who are also the directors for the purposes of company law, present Iheir report and the unaudited financial statements of Ihe charity for the year ended 28 February 2025. Chalrfs report Introduction It gives me great pleasure to present this Trustees Report. Thls report contains various facts and figures about the Charlty's performance and work throughout the year 2024125.1 éo hope it also illustrates Ihe great achievements of the Charity in what has been a challenging year for ourselves and many other slmilar organisations. During a perlod where funding has been challenglng for ourselves and many other charitles, the team have not only sustalned support for our service users, but in some areas have been able to increase that support as demand has unfortunately increased. Thls Is especially evident in cur alm to reduce food Insecurity, with an incr8ase on the number of packed lunches we have delivered as well as the introduction of cookery classes. As we face these challenges in our sector, it is a credit to the staff and volunteers at The Bridge Mentorlng Plus Services for remainlng commi118d and always energised. l especially wish lo thank Sarah Hearne, our Principal Officer. Sarah's Commitment to the role and the Charily is withoul quesfion, and her leadership remalns a huge asset. My thanks are also extended to the entlre workforce, paid and voluntary, for their hard work and en8rgy. The people in the organisation m?ke it what it IB and we are very lucky to have so many people who are committed to ils success. Finally, I wish to thank my Co-Trustees for their hard work and ongoing support. Carl Heard - Trustee and Chair of the Board Date: Referenc8 and administrative details Registered charlty name Brldge Mentorlng Plus Scheme Charity reglstratlon number 1091536 Company reglstratlon number 04371480 Principal office and registered 46-48 Dunraven Place office Bridgend CF31 1JB
Bridge Mentoring Plus Scheme Company Limited by Guarantee Trustees, Annual Report (Incorporatlng the Director's Report) (Gontlnuec4 Year ended 28 February 2025 The trustegs M Hiett P Clarke Mr S Baldwin E Faulkner E Hearne C Heard {Retired 7 November 2024) {Retired 7 May 2024) (Retired 22 October 2024) (Served from 7 August 2024 to 13 January 2025) (Appointed 7 August 2024) L Warren JLaw Independent examiner Carl West Gordon Down & Company Limited 144 Walter Road Swansea SA15RW Structureg gov8rnance and management Governing document The charity is controlled by ils governing document, a deed of trust, and constitutes a limited cnmpany, limited by guarantee. Recruitment and appointment of new trustees All Trustees in preparation for this report have had regard to the guidanc8 issued by the Charity Commission on public benefit. All members of the Board of Trustees are recruited through open advertisement and adherlng to the following guidelines as set out by the Charity Commission for England and Wales: 1) A charity identrfies the need for new trustees. This may be because vacancies have arisen through resignations, or it may be that existlng trustees have decided that one or more new truslees Wlth specific skills are needed to help run the charity more effectively. 2) The trustees agree what skills, experien and knowledge are needed, and write it down in the form of a short job description and person specification. 3) The trustees agree responslbilitles and a process for recruitment.. in doing this, they take care to comply with any specffific requlrpments set out in the charity's governing document. Some of the work may be delegated to a suboroup of trustees, but the whole trustee board remains in full control of the process and decisions.
Brldge Mentoring Plus Scheme Company Limited by Guarantee Trustees. Annual Report {Incorporating the Director's Report) (continued) Year ended 28 February 2025 Structure, governance and management (contlnued) Related partles After due consultation with the tNstees, there are no known related parties to disclose, Trust98 incluction and trainlng Most trustees are already famillar wlth the practical work of the charity as most were prevlously involved in Bridge MPS in some way. They are also regularly invited lo lake part in team-building and staff development days and other Bridg8 MPS events. Additionally, new trustees are given varlous documentation to familiarise themselves wlth the charity and the Gontext within which il operates. These cover,. The obllgatlons of Management Committee members The main documents whlch Set cut the operational framework for the charity including the Memorandum and Articles Resourcing and the current financial position as s8t out in the latest published accounts Future plans and objectives.
Bridge Mentorlng Plus Scheme Company Llmited by Guarantee Trustees. Annual Report (Incorporating the Dlrectorfs Report) (continued) Year ended 28 February 2025 Structure, governance and management (Gontlnued) Risk Management The Management Committee has conducted a review of the major rlsks to which the charity is exposed. A risk register has been established and is updated at least annually. Where appropriate, systems or procedures have been established to mitigate the risks the charlty faces. Internal control risks are minimised by the implementation of procedures for authorisatlon of all transactions and projects. Procedures ara in place to ensure Compliance with health and safely of staff, volunteers, clients and visitors to the charity. These procedures are periodically revlewed to ensure Ihat they continue to meet th8 needs of the charity. The trustees hav8 conducted their own review of the major rlsks to which the charity Is exposed. where at unacceptable levels, haven taken Steps to mitigate those risks. The procedures are periodically revi8W8d to ensure that they still meet the needs of the charity. The principle risks faclng the charity and 8 summary of the key mitigation actlons, are noted below. Risk: Political opposition from competitors Mitlgatlng Actlons: Focus on bulldlng one-to-one relationships wlth key organisafions and individuals Identifying mutual beneficial ways of working and supporting other organisations to achieve their objectives Recognising expertlse and seeking to harness and bring togelher strengths of competltors in a coalition style network Rlsk: Loss of focusl mission drrft Mitigating Actions: Regular meetings, involvlng rangg of stakeholders including staff and volunteers. Regular and effective consultatlon with key client group Havlng engaged. skilled and trained trustees who provide challenge and Support for Bridge MPS leadership. Rlsk: Staff malpracticel a sefeguarding failure Mltigatlng Actlons". Implementing recrultment policies and controls for staffl volunteers with appropriate DBS checks Regular provision of safeguarding training for all staff and volunteers Effective supervision procedure5 Effective risk assessment systems in place Rlsk" A major property incident Mltlgating Actions". Implementation of ongoing property checks Risk: Loss of key personnel Mitigating Actions: Regular appralsals & team meetings Team development actlvStles
Bridge Mentoring Plus Scheme Company Limited by Guarantee Trustees. Annual Report (Incorporating the DirectoVs Report) (continued) Year ended 28 February 2025 Structure, governance and management (contlnued) Quallty continuing professional development opportunities Risk: Reduction in clients I service users Mltlgatlng Actlons: Development of actlvities and communlty proJects to attract new m6mb8rs Rlsk: Loss of funding for projects Mltlgatlng Actions: Diversrfy funding Streams Generate own Income Key managemant remuneration Th8 board of Trustees together with key staff members are considered to be the key management personn81 of the charity. Details of payments to I from Trustees are disclosed In note 15 to the accounts. Payments made to other key managemenl personnel are given In note 14. The level of paymenl made to all key management personnel is reviewed annually by Trustees. Organisational structure A scheme of delegatlon is In place and day to day responsibility for the provislon of the services rest wllh the Manager. Ttte Manager is responsible for ensuring that the charity delivers the services speclfied and that key performance indlcalors are met and also has responsibility for the day to day operational management of staff, individual supervision of the staff team and also ensuring that th8 team conllnue to develop their skills and worklng practices in line with good practice.
Bridge Mentorlng Plus Scheme Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (Gontlnuad) Year ended 28 February 2025 ObJectlve5 and activlties The Charlly's objectives{ the objectives") are to further or benefit the residents of the Bridgend County Borough and neighbouring communities and in such parts of the United Kingdom or the world as directors of the charity (herein called "the trustees") may from time to time think fit and to fulfil such other PLtrposes which are exclusively charitable according to the law of England and Wales and are connected wllh the charitable work of the charily without distinction of sex, sexual orientation, race or of political, religious or other oplnlons by- The promotion of equality and diversity for the public benefit The prevention or the relief of poverty In partlcular but nol exclusively by providing and asslstlng 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 support and activities for young people or indivlduals and famllies or public benefit, which develop thelr skills, capacities, and capabilities to enable them lo participate in society as mature and responslble Indivlduals. To promote social Ihcluslon for the public benefit by preventing peop18 from becoming socially excluded, relieving the needs of those people who are socially excluded, and assisting them to integrate into society. Mission Statement To break down barriers of social exGlusion that prevent people from building bridges to a more positlvg future. Vislon The Bridge MPS believe people should have every opportunlty to Succeed in lrfe regardless of their background or circumstance5. Vve provide a safe and welcomlng environment for children, young people, and adult5 of all ages to have advice and support, engage in learning and volunteering opportunities orjoin interest groups to promote emotlonal health and wellbeing.
Bridge Mentorlng Plus Scheme Company Lirnited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) {contlnutrd) Year ended 28 February 2025 Achlevements and performance STAFF Prlnclpal Offlcer- Sarah Hearn8 Organlsational Chart Band 5: Principal OfficerlCEO Band 4: Development Officer- Finance Manager Band 3: Communlty Hub Manager - Youth Services Manager - Volunteer Manager Band 2: Youth Workers Band 1: Hub Support Workers- Admin Support The recruitment and selection dec15ion of The Bridge MPS is of prime importance for obtaining the best possible person-to-job fit whlch wlll, when aggregated, contribute significanlly towards The Bridge MPS, effectiveness. It is also becomlng Increasingly important, as The Bridge MPS evolves and changes, that new recruits show a wlllingness to learn, adaptability and ability to work as part of a team. In all our Recruitm8nt and Selection, we eNsure a policy that incorporates the following: F¥irness and consistency Non-discriminatory selection Conformation to all statutory regulations and agreed best practice.
Bridge Mentoring Plus Scheme Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (contlnuod) Year ended 28 February 2025 Achlevements and performance (contlnued) Youth Provision Overview The youth servlce that we offer the young people cf Brldgend Is for the ages of 8-18 years old, Being based In Bridgend County Borough, many of the young people that we work with arg living in the top 20 /0 of dgprived 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 Ihey are facing an uphill struggle that can be hard to break free of. We as an organisation alm to help any young people facing difficulties such as mental health and emotional wgllbeing or education engagement Issues. This happens through the different services that we offer. AGtivitieslObjectives We have three strands to our youlh provislon which Include the followlng., The Mentoring Program which is where we recruit and train volunteers to provlde mentoring to children and young people aged 8-18, who may be experiencing adversity or emotional d15tress. This gives the young people of Bridgend someone to talk to and the confidence to meet thelr own indlvldual targets that they may want to achleve that they can't do on their own. Thls Is something we are hoping to expand and work on in partnership with schools to expand the servlce. Youth clubs We currently provide a youth club for young people aged 13-18 whlch runs on a Tuesday evenlng 5-7pm. All sesslDns are planned and run by our youth workers with oversight from the youth manager. These sessions are based on the six key principles of youth work - Youth-led., Incluslvity, eqLiality and dlversSty', Respect,. Quallty, safely and well-being- Empowerment,. P081tivity Training - We currently provide a work 8xperience program for young p8opI8 who 8re classed as NEET bebN8en 14-18 yoars old, Ihat also promoles volunte8ring opportunities for young people. They gain an accredited certifical8 in serving food or food hygiene, as w811 as learning practical skills and improving confidence. Achlevement and Publlc Benefit We have delivered youth Club sessions to 25 young people, as well as delivering our 6 week work experience program to 7 young people. We continue to receive referrals to our mentoring program and have matched several with newly trained mentors. We continue lo use the core funding for our Youlh Manager to develop and grow our youth services and opportunities that we can offer young people in our communify and have secured funding for a youth coordinator that will enable us to increase our capacity for delivering work experiences from 8 to 32 young people each year. Community Hub Overrflew The Bridge Communlty hub is located In the heart of Brldgend Town Centre. A place where people can access direct support and informal support seNices in an Incluslve and nurturing environment. Our purpose is to foster a sense of unity wlthin our community and to provide tools that enable our members to create posltive change in themselves and their surroundings. We offer a range of services to 8UPPOrt our community members in achieving their goals. Our hub provides access to dedicated support workers, eduGation and training, well-boing support and a
Bridge Mentoring Plus Scheme Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnEwI) Year ended 28 February 2025 Achievements and performance (Gontlnu8d) communlty food pantry. Members can develop new skills and gain knowledge nesSary to achieve their aims. We also provide a space where members can connect, network. and collaborale with like-minded individuals. This helps to create a supportive community, where everyone feels valued and supported. We arg continually developing our services, using feedback from our members and external agencies. We regularly review and adapt our programs to meet the changing needs of our community. This ensures that we remain relevanl, respollsive, and helpful. Actlvltl6slObJ8ctlv68 The Bridge Gommunlty hub has 3 main areas of servlGe delivery: Enhancing Community Wellbeing: The primary aim of The Bridge community hub Is to support and enhance the wellbelng of Its members. By providing support sewlces such as formal and Informal support, signpostlng, Form Filllng or Dlgital assistance., the hub alms to Improve the overall mental and physical health of the community. Reducing Food Insecurlty.- The community food pantry Is a cruclal part of the hub'5 servic8 dellvery. The aim Is to Increase access to healthy and nutrltlou5 food for indlviduals and famllles experiencing food insecurity. By reduclng food Insecurity, the hub alms to alleviate financlal stress and improve the physlcal health of its members. Fostering Social Connections,. The third aim is to foster social connections and build a 8ense Df community. Structured activities such as workshops, volunteer opportunitie8. and cornmunity events encourage members to engage with each other and build new relationships. By promoting social connections, the hub aims to reduce soclal isolation and create a supportive and inclusive community. We are proud of th8 ImP8Ct we hav8 had on the community and the success our members have achieved. Whether you are looking to access support, build new skills, our community hub is the perfect place for you. Join us today and become part of a thriving Community dedicaled to promoting positive change - Building Bridg8S to a more positive future. Achievemer]t and Public Benefit Over the past year Dur Community Hub has had a key focus on reducing the impact of food insecurity wilh us providing 1,491 pantry bags and having 129 people registered. We have seen a dramalic increase for our packed lunches wllh us facilitatlng 927 this year as well as 869 free hot Meals. We have also introduced free crisi8 pantry bags for when the foodbank is unable to be accessed as well as working in partnership with them to provide Christmas "goodi8 bags" for those in crisls. We did 14 crisis bags and 39 Chrlstmas bags. We are also looking to commence slow cooker meal session where participants get to learn cooking skills and take home a meal for their families for free. We have also implemented a new system for documenting stats and measuring impact for our support work delivered in the hub. Over the last year we have done 960 low level support work sessions equivalenl to 160 hours as well as 294 structured support sessions. We have also updated our activity timetable ané delivered 328 (3 hours) sessions. We have run several Free Family days with kids activities that help to promote famlly v81ues as well as reduclng the Impacl of the cost of Ilving crlsls a5 we believe that all families should have access to affordable activitles for kids.
Bridge Mentoring Plus Scheme Company Limited by Guarantee Trustees. Annual Report (Incorporatlng the Dlrector's Report) (ContIn4dI Year ended 28 February 2025 Achlevements and performance (contlnued) Volunteerlng Overview Volunteering Gan b8 a very rewarding experienca, and here at The Bridge we value the contributlon made by volunteers. We are committed 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 opportunilies within our Community Hub and Youth Services and welcome volunteers of all abilities and backgrounds. We can offer guidance and training to volunteers that enables them to develop practlcal skllls and galn qualifications that can support routes into further education and career development. At the Brldge we recognlse our responslbility to arrange volunteering efficiently and sensillvely so that the valuable gift of the volunteer's tlme Is best used to the mutual advantage of all concerned. ActivltleslObJectlves We have three strands to our volunteering service which include the following- General Volunteers - those who wish to volunteer ill the community hub Gaf8, drivers that collect surplus food from our partnership supermarkets, general maintenancelDIY etc. and the opportunity lo volunteer support in our youth clubs. Any volunteering relal8d expens8s can be fully reimbursed. Supported Volunteers those with any additional learning, physical, mental, or emotional needs that require support and supervision whilst volunteering. Our volunteering program offers structured support to learn new skills and build confidence. We continue lo work in partnershlp with Bridgend College and Heronsbridge school to provide volunteering placements for students with ALN. Volunteer Mentors a suitable, vetted, and trained adult118yrs+) who can provlde one-to-one support for a vulnerable young person who may need an appropriate role model tc mentor them lo meet their own individual targets. All training is provided before mentorlng starts and full supporl and supervislon Is given to the mentor during the mentoring relationship. Achievement and Public Benefit Over the last year we have provided both supported and gen8ral volunteer placements to Dver 50 people. We have taken on a full time volunteer Goordinator who oversees the operational delivery of our placements and works to set targets with each of our volunteers individuals. We have increased our volunteer mentors and our ability to support young people. Wg have also provided Iraining and increased employm8nt opportunitles for all of those who volunteer with us. Collaborative Worklng Partnership working continues lo be a priority for us at the Bridge, to ensure that we can provlde the best possible service for those m8mbers of our community Ihat access our provision. We continue to foster our relationship with Bridgend College providing rooms where they can deliver 10-
Bridge Mentoring Plus Scheme Cornpany Limited by Guarantee Trustees, Annual Report (Incorporatlng the Director's Report) (contlnued) Year ended 28 February 2025 Achlevements and performance (contlnued) literacy and numeracy In a less formal learnlng environment. We also provide work placements for young people from local Gomprehensive School linking in wilh BCBC employees to meet the needs of those young people. We remain committed 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 to those in need. Our partnership with the Food Bank has strengthened, once agaln delivering Christmas goodie bags, as well as access to cooking sessions. Awen Libraries have delivered several Art sessions within our hub giving access to affordable activities lo our community. We have also commenced a Professional Pop Up" where we invite other organisation to attend our communlty hub every Monday morning to discuss their services and network with others for the benefit of th8 community users. Flnanclal Supporters A 11 list of all fhose that have supported us over the last year can be found In our financial accounts. However. we would like to take the opportunity to express our gratitude and appreciation to them all As a charity organisation we rely solely on the financial support of grant funders, tru5ls, and donations and wlthout the continued support we would not be able to be sustainable and deliver our services lo the community. Flnanclal review Reserves policy The Charity is One that is not for profit organisation. Its reserves are to be re-invested in order to achieve ils principle aims and objectives. Durlng th8 year the Trustees agreed to set a reserve poliGy whioh requires.. Reserves to be maintained at a level which ensures that the organisatlon's core activities could continue during a perlod of unforeseen difficulty for at least three months A proportion of free reserves to be maintained in a readlly reallsable form le cash on deposit. The Trustees recognlse that the Charity Commission guidellnes recommend greater reserves but we have a set policy which reflects our wish to safely commit as much as posslble withln the budgets allowed for training and mentoring. Going concern Having considered budgets for the next twelv8 months, the Trustees are confident that the Charity will continue to meet its liabilities as they fall dLfe for the foreseeable future and consider that there are nc material uncertainties about Bridge MPS ability to continue as a going concern. It is therefore considered approprlate by the Trustees to prepare the financial statements on a going Goncern basis. 11
Bridge Mentoring Plus Scheme Company Llmlted by Guarantee Trustees. Annual Report (Incorporating the Dlrector's Report) (contlnuad) Year ended 28 February 2025 Small company provisions This report has been prepared in accordance with the provlslons applicable to companles entitled to the small companies exemption. The trustees, annual report was approved on . 2 trustees by: and signed on behalf of the board of Charlty Secretary 12-
Brldge Mentorlng Plus Scheme Company Llmlted by Guarantee Independent Examinerfs Report to the Trustees of Brldge Mentorlng Plus Scheme Year ended 28 February 2025 I report to the trustees on my examination of the financial statement8 of Bridge Mentoring Plus Scheme ('the charity,) for the year ended 28 February 2025. Responsibilities and basis of report As the truslees of the company {and also its directors for the purposes of company law) you are responslble for the preparatlon of the financial statements in accordance with the requirements of the Companles Act 20061'the 2006 Act,). Having satisfied myself that the accounts of the company are not requlreé to be audiled under Part 16 of the 2006 Act and are eligible for independenl examination, I report in respect of my examination of the charlty's accounts as carried out under section 145 of the Charilies Act 2011 ('the 2011 Act,). In carrying out my examlnation I have followed the Directions given by the Charity Commission under section 145(5}(b) of the 2011 Act. Indep8nd8nt examin8rfs statement I have completed my examination. I confirm that no matters hav8 come lo my attention in connection wilh the examination giving me cause to believe: accounting records were not kept in respect of the charity as requlred by section 386 of fhe 2006 Act; or the financlal statements do not accord with those records; or the financial statements do not comply with the accounling requirements of sectlDn 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf view which is not a matter consid8red as part of an independent examination., or the financial statements have not b88n 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). I have no concerns and have come across no other matters in connection with the examlnation to which attentlon should be drawn in thls report in order to enable a proper understanding of the accounts to be reached. IL) J ,[ql44 Carl West Gordon Down & Company Llmited Independent Examiner 144 Walter Road Swansea SA1 5RW 13-
Bridge Mentoring Plus Scheme Company Limited by Guarantee statement of Flnancial Activities {including income and expenditure account) Year ended 28 February 2025 2025 Restricted funds Total funds Total funds 2024 Unrestricted funds Note Income and endovnnents Donations and legacies Charitable activitles Other Irading activities Other income 18.599 160.803 177,402 211,194 15,273 38,436 51.475 638 51,475 638 Total Income 68,712 160,803 229,515 264,903 Expenditure Expenditure on charitable aclivitles Total expenditure 9,10 89,745 89,745 199,697 289,442 250,888 199.697 289,442 250,888 Net (expenditure)lincome (21,033} (38.894) {59,927> 14,015 Transfers between funds (1,298) 1,298 Net movement in funds (22,331 } (37,596) (59.927) 14,015 Reconciliation of funds Total funds brought forward Total funds carried forward 31,681 96,152 127,833 113,818 9.350 58.556 67,906 127,833 The statement of flnancial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activitl8S. The not88 on pages 16 to 28 forni part of theso flnanclal statements. 14-
Bridge Mentoring Plus Scheme Company Limited by Guarantee Statement of Financial Position 28 February 2025 2025 2024 Note Fixed assels Tangibl8 fixed assets 17 5,754 8.962 Curr8nt assets Debtors Cash at bank and in hand 18 451 68,110 68,561 1,513 124,398 125,911 Cr8ditors' amounts falling due within one y8ar Net current assets 19 6.409 7,040 118,871 62,152 Total assets less current liabilities 67,906 127,833 Funds of the charity R8slriGted funds Unrestricted funds 58,556 9,350 67,906 96,152 31,681 Total charity funds 21 127,833 For the year endlng 28 February 2025 the charlly was entltled 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 ils financial statements for the year in question in accordan with section 476. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial slatemenls, These financial statements have been prepared in accordance with the provislons applicable to companies subject to the small companies, reglme. financi L statements were approved by the board of trustees and aulhorised for issue on and are signed on behalf of the board by- M Hiett Trustee The notes on pages 16 to 26 form part of Ihese financlal statements.
Bridge Mentoring Plus Scheme Company Limited by Guarantee Notes to the Flnancial Statements Year ended 28 February 2025 General Informatlon The charity is a public beneflt entlty and a private company limlt8d by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 46-48 Dunraven Place, Bridgend, CF311JB. Statement of compllance These financial ststements have been prgpared in compliancg with FRS 102, 'The Financlal Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts In accordance with the Financlal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {Charities SOFIP (FRS 102)) and the Companies Act 2008. Accounting policies Basis of preparation The financial stalements have been prepared on the historical cost basis, as modlfled by the revaluation of cerlaln financial assets and liabllilies and investment properties measured at fair value through income or expenditure. The financial stalements are prepared in sterling, which is the functional currency of the entity. Going concern There are no materi21 uncertainties about the charity's ability lo continue. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements. estlmates and assumptions that affect the amoLrnts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are belleved to be reasonable under the circUmstans. Fund accountlng Unrestricted funds are available for use at the discretion 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 thelr expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes.. restricted income fund5 or endowment funds. 16-
Bridge Mentoring Plus Scheme Company Limited by Guarantee Notes to the Financial Statements fcontlnued) Year ended 28 February 2025 AcGounting policies (contlnugdj Incomlng resource5. All incoming resources are included in the statement of finanGlal activities when entitlement has passed to the charity.. it is probable that the economic benefits assoclated wilh the transaction wlll flow to the charity and fhe amount can be reliably measured. The following specific policies are applled lo particular categories of income: income from donatlons or grants is recognlsed when there is evidence of enlitlement to Ihe gift, reIpt Is probable and its amount can be measured reliably. legacy income is recognlsed when receipt is probable and entlflement is established. income from donat8d goods is measured at the falr value of the goods unless this is impractical to measur8 reliably. in which case the value is derived from the cost to the donor or the estimated resa18 value. Donated facilities and services are recognlsed In the accounts vwhen r@C81V8d if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of ServIS Is recognised with th8 d@livery of the contracted service. This is classified as unrestrlcted funds unless there Is a contraclual requirement for it to be spent on a particular purpose and returned if unspent, in which case It may be regarded as restricted. Resources expended Expenditure 18 recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT whlch cannot b8 fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities. 8vents, non-charitable tradlng activllles, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaklng activitle5 that further its charitable aims for the benefit of its beneficiaries, including those 5UPPDrl costs and costs relating to the governan of the Gharity apportioned lo charitable activities. other expendlture includes all expendlture that is neither related to raising funds for the charity nor part of Its expendlture on charitable activities, All costs are allocated to expenditure categories reflecting the use of Ihe resource. Direct costs attributable 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 conslstent basis. Tangible assets All fixed assets are initially recorded at cost. 17-
Brldge Mentoring Plus Scheme Company Llmited by Guarantee Notes to the Flnancial Statements (continued) Year ended 28 February 2025 Accounting policles (continued) Depreclatlon Depreciation is calculated so as to write off the cost or valuatlon of an asset, less its residual value, over the useful e¢onoml¢ lffe of that asset as follows: FSxtures and fittings Equipment 25 % stralght line 25 % stralght line Impalrment of flxed assets A review for indicators Df impairment is carried out at each reporting date. wlth the recoverable amount being estimated where such indicators exist. Where the carrylng value exceeds the recoverable amount. the asset is impair8d accordingly. Prior impairments are also reviewed for Possible reversal at each reporting dale. For the purposes of impairmellt t8sÉing. when it is not possible to oslimale the recoverable amount of an individual asset. an estimate is made of the recoverable amount of the cash-generating unit to which th8 asset belong8. The cash-generating unit is the smallest identiflable group of 8ssets Ihat includes the asset and gen8rat8s cash irfflows that largely independent of th8 C88h inflows from other assets or groups of assets. For impairmant testlng of goodwi1S, the goodwlll acquired in a buslne6S Gombination is, from the acquisitlon date, allgcated to each of the cash-generating unlts that are expected to benefit from the synergies of the Gomblnation, irrespective of whether other assets or liabilitles ()f the Gharify are assigned to those units. Flnanclal Instruments A financial asset or a financlal liabllity Is recognised only when the entity becomes a party to the contraclual provislon5 of the instrument. Basic financial instruments aro initially recognised at the amount receivable or payable including any related transaction cost8, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of Interesl for a similar debt instrumenl. Current assets and Gurrent liabilities are subsequently measured al the cash or other consideration expected to be paid or received and not discounted. Defined contrlbutlon plans Contributions to defined 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 contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value bas15. The unwinding of the discount is recognised as an expense in the perlod in which it arises. 18-
Bridge Mentoring Plus Scheme Company Limlted by Guarantee Notes to the Flnancial Statements (Gontinued) Year ended 28 February 2025 Llmited by guarant88 The Charity is a company limited by guarantee and therefore has no share capital. Donations and legacles Unreslricted Funds Restricted Total Funds Funds 2025 Donatlons Donations 16,599 16,599 Grants Garfleld Weston BAVO Tudor Trust AFA Community Fund BBC Children In Need Postcode Lollery B & Q NEIGHBOURLY Wesleyan Foundation Welsh Church Act Fund Sony Global Social Justlce Whitehead Ross Henry Smith South Wales Police Sainsburys Mlllenium Stadium Trust Community Foundallon Wales Moondance Other grant income The Hedley Foundation The Kristina Martin Gharitable Trust 4,181 26,000 4,181 26,000 15,750 25.000 15,750 25,000 8,398 12,620 50,300 8,398 12,620 50,300 500 500 5.000 5,000 5.354 2.700 5.000 160.803 5,354 2,700 5,000 177,402 16,599 Unrestricted Funds Reslricled Total Funds Funds 2024 Donations Donations 2,607 2,e07 19-
Bridge Mentoring Plus Scheme Company Limited by Guarantee Notes to the Financial Statements {contJTnu8d) Year ended 28 February 2025 Donatlons and legacies (contlnued) Unrestricted Funds Restricted Total Funds Funds 2024 Grant5 GarFi6ld Weston BAVO Tudor Trust AFA Communlty Fund BBC Chlldren In Need Postcode Lottery B & Q NEIGHBOURLY Wesleyan Foundation Welsh Church Act Fund Sony Global Social Justice Whitehead Ross Henry Srnith South Wales Police Sainsburys Millenium Stadium Trust Community Foundation Wales Moondance Other grant income The Hedley Foundation The Kristina Martin Charitable Trust 15.000 5.000 26.000 20.000 18.000 15,000 5,000 28,000 20,000 18,000 6,400 9,900 5,000 6,400 9,900 5,000 50,300 3,237 1,500 2,500 9,978 34,272 1,500 50,300 3,237 1,500 2,500 9,978 34,272 1,500 2,607 208,587 211,194 Charitable activities Unrestrlcted Total Fund5 Unrestricted Total Funds Funds 2025 Funds 2024 Brldgend Coucil Homeless Provlslon 15,273 15,273 Oth&r tradlng actlvltles Unrestricled Total Funds Unrestrlcted Total Funds Funds 2025 Funds 2024 Generated Income Room Hire 30,951 20,524 51,475 30,951 20,524 26,465 11,971 26,465 11,971 38,436 51,475 38,436 Other Income Unrestricted Total Funds Unrestrlcted Total Funds Funds 2025 Funds 2024 Other Income 638 638 -20-
Bridge Mentorlng Plus Scheme Company Limlted by Guarantee Notes to the Financial Statements {Gontsnued) Year ended 28 February 2025 Exp8ndlture on charitable activities by fund typ Unrestricled Funds Restricted Total Funds Funds 2025 Mentoring and support Support costs 78,556 11.189 196,596 3,101 275,151 14,290 89,745 199,697 289,441 Unr8Strlcled Fund8 Restricted Total Funds Funds 2024 Mentoring and support Support costs 61,210 13,017 172,533 4,128 233.743 17.145 74,227 176,661 250,888 10. Expenditur8 on charitable activities by activity typ6 Acliviti8S undertaken dirgclly Support costs Total fund5 2025 Total fund 2024 Mentoring and support Governance costs 275,151 11,110 3,180 286,261 3,180 247,318 3,570 275,151 14.290 289,441 250,888 11. Analysls of support costs Analysis of support CO8ls activity 1 Total 2025 Total 2024 Premises Communications and IT G8neral offlce Finance costs Governance costs Support costs - Depreciation Support costs - Other costs 490 273 2,873 324 3,183 3,868 3,282 490 273 2,873 324 3,183 3,868 3,282 355 1,250 3,682 229 3,570 4,895 3,164 14,293 14,293 17,145 12. Net {expendlture)Ilncome Net (expenditure)lincome is stated after chargingl{crediting)', 2025 2024 Depreciation of tangible fixed assets 3,868 4,895 -21
Bridge Mentoring Plus Scheme Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 28 February 2025 13. Independent examination fees 2025 2024 Fees payable to the independent examiner for.. Independent examination of the financial statement8 2,500 14. Staff costs The total staff costs and employee beneflts for the reportlng period are analysed as follows: 2025 2024 Wages and salaries Soclal security costs Employer contributions to pension plans 205,945 7,464 3,180 166,947 4,821 2,545 216,589 174,313 Th8 average head count of employees during the year was 11 (2024.. 10). The av8ragg numb8r of full-time equivalent employees during the year is analysed as follows.. 2025 No. 2024 No. Number of staff - management Number of staff - administrative Number of staff - training Number of staff - youth & support workers Number of staff - other staff 10 No employee received employee benefits of more than £60,000 durlng the year (2024- Nill. 15. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. 16. Transfers betweerj funds Transfers from unrestrlGted reserves to restricted reserves are in relation to money spent over and 2bove the grants received from the grant provider8. Transfers from restricted reserves to unrestricted reserves are in relation to underspends on the grants received from the grant providers. -22-
Bridge Mentoring Plus Scheme Company Limited by Guarantee Notes to the Financial Statements (contlnugdj Year ended 28 February 2025 17. Tanglble flxed assets Fixtures and fittings Equipment Total Cost At 1 March 2024 Additions 49,690 45,554 660 95,244 660 At 28 February 2025 Depreciatlon Al 1 March 2024 Charge for the year At 28 February 2025 Carrying amount At 28 February 2025 At 29 February 2024 49,690 46,214 95,904 46,609 1,198 39,673 2,670 86,282 3,868 47,807 42.343 90,150 1,883 3.871 5,754 3,081 5.881 8,962 18. Debtors 2025 2024 Other debtors 451 1,513 19. Creditors: amouttts falling due within one year 2025 2024 Trade creditors Social security and oth8r taxes Pension Control Other creditors 2,482 1,963 1,232 3,214 6,409 927 3,631 7,040 20. Pensions and other p05t retirement benefits Defined contrlbution plans The amount recognised in income or expenditure as an expense in relatlon to defined contribution plans was £3,180 (2024.. £2,545). -23-
Bridge Mentoring Plus Scheme Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 28 February 2025 21. Analysls of Gharitable funds Unrestrlcted funds At 28 February 2025 At 1 March 2024 Income Expenditure Transfers General funds 31,681 68,712 (89,745) (1,298) 9,350 At 29 February 2 024 At 1 March 2023 Incom6 Expendlture Transfers General funds 48,011 56.316 (74,227) 1,581 31,681 Restricted funds At 28 F8bruary 2025 At 1 March 2024 Income Exp8nditure Transfers Garfield Weston BAVO Awards For All AFA Community Fund BBC CIN Postcode Lottery Groundworks Millenium Stadium Trust- Community Foundation Wales Moondance Fords Arnold Clark Neighbourly Grant Western Power - Local Giving Magic Little Grants Mr P James donation Tudor Trust Henry Smith Foundation Comic Relief National Grid SW Police - Safer Stre8ts Coop Sainsburys Monmouthslre Building Society Lidl B & Q Neighbourly 7,415 644 (7,415) (3.074) 4.181 11 1,762 16,108 11,038 (15.809) (22,544) (20.293) 299 4,244 4,707 15.750 25,000 2,051 (654) {3} 1,394 3,384 9,576 362 371 5.000 (7.726) (9.510) (1.220) (570) (230) (11) (66) {2) 860 1,000 230 801 268 33 (135) {331 133 6,536 22,442 26,000 50,300 (26,6171 (51,5601 5,919 21,182 1,559 942 (e991 {1,4131 860 29 500 1,420 (4741 (50DI {3,0891 500 5,389 2,300 -24-
Bridge Mentoring Plus Scheme Company Limited by Guarantee Notes to the Financlal Statements Iconllnued) Year ended 28 February 2025 21. Analysis of charitable funds (continued) Wesleyan Foundation Welsh Church Act Fund Sony Global Social Justice Whitehead Ross Bridgend Town Council Pobl Welsh Water Hafod Warburton Pllkington The Hedley Foundation The Kristina Martin Trust 6,231 (6,231) 8,398 12,620 (4.430) (13.989) (383) (460) (98> (80) (30) (88) (343) 3,968 1,369 383 914 250 200 400 1,000 2,700 5,000 454 152 120 370 912 2,357 5,000 96,152 160.803 (199,697) 1,298 58,556 At 29 February 2 024 At 1 March 2023 Income Expenditure Transfers Garfield Weston AVO Awards For All AFA Community Fund BBC CIN Postcode Lollery Groundworks Millenium Stadium Trust- Communlly Foundation Wales Moondance Fords Arnolé Clark Neighbourly Grant Western Power - Local Giving Magic Llttle Grants Mr P James donation Tudor Trust Henry Smith Foundation Comic Relief National Grid SW Police - Safer Streets Coop 15,000 5,000 (7,585) {5,654) {336} (11,71e) (21,579) 7,415 644 1,298 336 7.824 14.675 20,000 18,001 16,108 11,038 {59} 349 (347) (2) 2,500 (449) 2,051 164 9,978 34,272 (6,758) (24,696) (475) {1,491} 3,384 9,576 362 371 837 1.862 403 170 1,325 5,741 16,239 7,116 2,872 (1351 (e371 268 33 500 (1,325) 26,QOO 50,300 (25,2051 (44,0971 <7,097) (2.872) 6,536 22,442 (19) 3,236 (2.975) {403) (2611 1,962 1,559 -25-
Bridge Mentoring Plus Scheme Company Limited by Guarantee Notes to the Flnanclal Statements (continugdj Year ended 28 February 2025 21. Analysls of charltable funds (contlnued) Sainsburys Monmouthsire Buildlng Society Lidl B & Q Neighbourly Wesleyan Foundation Welsh Church Act Fund Sony Global Social Justice Whitehead Ross Bridg8nd Town Council Pobl Welsh Water Hafod Warburton Pilkington The Hedley Foundation The Kristina Martin Trust 500 1,500 (1,058) 942 2,135 (789) (510) (1,011) (3,669) (5,000) 74 10 1,420 500 6,400 9,900 5.000 5,389 6,231 500 (117) 383 65,808 208.587 (178,661) 11,582} 96,152 22. Analysis of net ass8ts betwean furjds Unrestricted Funds Restricted Total Funds Funds 2025 Tangible fixed assets Current assets Creditors less than 1 year Net assets 569 15,188 (6,409) 9,348 5,185 53,373 5,754 68,561 (6,409) 67,906 58,558 Unrestricted Funds Restricted Total Funds Funds 2024 Tanglble 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 -26-
Bridge Mentoring Plus Scheme Company Limited by Guarantee Management Information Year ended 28 February 2025 The following pages do not fomi part of the financial statements. .27-
Bridge Mentoring Plus Scheme Company Llmited by Guarantee Detailed Statement of Financlal Activities Year ended 28 February 2025 2025 2024 Income and endowments Donations and legacies Donations Garfield Weston BAVO Tudor Trust AFA Community Funé BBC Children In Need Postcode Lottery B & Q NEIGHBOURLY Wesleyan Foundation Welsh ChurGh Act Fund Sony Global Social Justice Whitehead Ross Henry Smlth South Wales Police Sainsburys Millenium Stadium Trust Communlty Foundation Wales Moondance Other grant Income The Hedley Foundation The Kristina Martin Charitable Trust 16,599 2,607 15,OOQ 5,000 26,000 20,000 18,000 4,181 26,000 15,750 25,000 6,400 9,900 5,000 8,398 12,620 50,300 50,300 3,237 1,500 2,500 9,978 34,272 1,500 500 5,000 5,354 2,700 5,000 177,402 211,194 Charitable activities Bridgend CouGiI Homeless Provision 15,273 Other trading activities Generated Incom8 Room Hire 30,951 20,524 51,475 26,465 11.971 38.438 Othgr income Other Income 638 Total income 229,515 264,903 -28-
Bridge Mentoring Plus Scheme Company Limited by Guarantee Detalled Statement of Financial Activities (contlnuedl Year ended 28 February 2025 2025 2024 Expondlture Expendlture on charitable actlvltles Wages and salarios Employels NIC Pension costs Rent Rates and water Light and heat Repairs and maintenance Insurance Olher establishment Oth8r motorltravel costs Legal and professional fees Telephon8 Other offic8 Costs Depreclation Training Hub I Pantry I Zone ccnsumables Youth club expenses and trips Computer costs Sundries Food parcel expenses 205,945 7,464 3,180 15,250 974 7,060 5,278 4,585 490 17 9,550 273 2,873 3,868 4,224 8,762 2,994 1,635 3,276 1,743 166,947 4,821 2,545 14,190 919 5,356 12,427 3,931 355 372 10,590 1,250 3,986 4,895 2,016 5,121 2,009 1,833 2,960 4,365 289,441 250,888 Total expenditure 289,441 250,888 Net (expenditure)lincome (59,926) 14,015 -29-
Bridge Mentoring Plus Scheme Company Limited by Guarantee Notes to the Detailed Statement of Flnanclal Activities Year ended 28 February 2025 2025 2024 Expendlture on charltable activities Mentoring and support Actlvities undertaken dlrectly Wages Soclal security Dlrect charitable activity 1 pension costs Rents Rates & water Light & heat Repairs & renewals Insurar(ce Travelling Professional fees Direct charitable activity 1- other cfflce costs Training Hub I Pantry I Zone consumables Youth club expenses and trips Computer costs Food parcel expenses 205,945 7,464 3,180 15,250 974 7,060 5,278 4,585 17 ,370 166,947 4,821 2,545 14,190 919 5,356 12,427 3,931 372 7,020 304 2,018 5,121 1,780 1,629 4,365 4,224 8,762 2,670 1,629 1,743 275,151 233,743 Support costs Cleaning expenses T81ephone Printing, postage and stationery Depreoiation Bank charges Refreshments Sundries 490 273 2,873 3,868 324 355 1,250 3,682 4,895 229 204 2,960 3,276 11,110 13,575 Governance costs Governance costs - accountancy fees 3,180 3.570 Expondlture on charltable activities 289,441 25Q.888 -30-