Company registration number: 06643686 Charity registration number: 1125780
## Bridge Priory Trust
(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 July 2023
GRC Accountants Limited 166 Banks Road West Kirby Wirral Merseyside CH48 0RH
## **Bridge Priory Trust**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Strategic Report|2|
|Trustees' Report|3 to 5|
|Independent Examiner's Report|6|
|Statement of Financial Activities|7 to 8|
|Balance Sheet|9|
|Notes to the Financial Statements|10 to 17|
## **Bridge Priory Trust**
## **Reference and Administrative Details**
**Charity Registration Number** 1125780 **Company Registration Number** 06643686 The charity is incorporated in England & Wales. **Registered Office** Bridge Chapel Centre Heath Road Liverpool Merseyside L19 4XR **Independent Examiner** GRC Accountants Limited 166 Banks Road West Kirby Wirral Merseyside CH48 0RH
Page 1
Brldge Prlory Trust
Strategic Report for the Year Ended 31 July 2023
The trust¢¢$. who are directors for th¢ PUTPeSC5 ofcompany law, present their strat¢gi¢ report for the year ended
31 July 2023, in compliance wilh $414C of the Companies Act 2006.
The 5hte8ic report was ap]>roved by the trjstees of the ch*rity on.,
. and signed Dn its behalf by..
Irene Summers
Ttwt¢¢
Page 2
## **Bridge Priory Trust**
## **Trustees' Report**
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 July 2023.
## **Objectives and activities**
## **Trustees and officers**
The trustees and officers serving during the year and since the year end were as follows:
Trustees:
Jeffrey Carruthers Irene Summers Jean Houghton Susan Carruthers Lynne Lloyd Lynn Mcnaught
## **Structure, governance and management Financial instruments**
## _**Objectives and policies**_
To relieve and support people with learning disabilities in Merseyside, including but not by way of limitation, through the provision of quality housing so as to achieve independent living with appropriate support.
## _**Achievements and performance**_
The Directors (Trustees) have enabled adult ladies with learning disabilities, to be housed with supported living at 20 Vyner Road South, known as Ivy Cottage, within the area where they have lived most of their lives.
## _**Financial review**_
The principal sources of funds are gifts from various donors to the charity, and income from the tenants' rental and service charge payments.
The investment policy is to have security with interest and to that end funds in excess of working capital have been transferred to a savings account with Barclays Bank.
Page 3
## **Bridge Priory Trust**
## **Trustees' Report**
## _**Trustees Report 1st August 2022 – 31st July 2023**_
## 7 SOUTH BANK ROAD
Following on from the Trustees’ Report last year, we can report that this year has been momentous for Bridge Priory Trust in that we have realised our ambition to purchase another property, when the purchase of a bungalow in South Bank Road in November, 2022 was secured. In collaboration with the parents of Faith and Nikki, along with a Just Giving page, donations and much fund-raising, we were able to make an offer on a bungalow in South Bank Road which was accepted.
After engaging an architect, applying for planning permission, and with the agreement of the parents as to alterations needed, work on the property commenced in June which hopefully will be complete by November 2023. We are so grateful to all our sponsors, donors, and volunteers who fund-raised for a coffee morning, quiz night, food and auction evening, a bucket drop at Tesco and sponsored runs/walk. Funds from this have enabled the renovation work to go ahead. We also received donations from Bailey Thomas Trust and Peel Holdings. A large donation has also been promised through a Disabled Facilities Grant from Liverpool City Council for which we are very grateful.
## 20 VYNER ROAD SOUTH
Cathy and Jacky continue to reside in this property and are well cared for. Kathy is recovering from a hip replacement operation done earlier in the year.
Mal continues to do sterling work as our “Maintenance Man” and keeps the house in order.
We reiterate our thanks to the Lord for much answered prayer and to many volunteers and donors who have enabled this work to continue.
Jenny Friar resigned as a Trustee.
## **Statement of trustees' responsibilities**
The trustees (who are also the directors of Bridge Priory Trust for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Page 4
Brldge Prlory Trust
Trn$tses' Report
The annual report was llpprov¢d by th¢ trust¢es of tli¢ ¢barity on..
and signed ots its behalf by..
Jrene Summers
Trustee
Page 5
Brldge Priory Trust
Independent Examiner's Report to the trustees of Bridge Priory Trust ('the Company,)
repor( lo the cliority tru8tCCS OTI my examinEltion of tlie L¢o[lnI$ of il)c Coinpiiny for tlie yeAI' cn(led 31 Jiily
2023.
Rtspnnslbllldes b*si$ pf report
As the chHrity's of tlie Conipany (and also its dir¢cloi's for Il* PUiF05es of winpany l&w) you are
IE5pDnsible for tho preparation of tlie accounts in accolance witli tli¢ r¢quircm¢171s ol. th¢ Coinpanies Acr 2006
{'thc 2006 ALt'I.
H1( ving %atisfied my8¢lf th*t tli¢ account$ of tl?c Company ar¢ not r¢quir¢d to b¢ audited under Part 16 of ilic
2D06 ALt and arl ¢ligiblc foi ind¢pbn(tLiit exainination, I rcport it] re¥pL¢t of my cxaniination ofyour cliarity's
gccounts a8 carri¢d oiit under section 145 ot tlie Cl)arities Act 2011 ('Ih¢ 201 l Acl'l. Iii cgt'iying out my
exnminaiion I liove followed tl)¢ Dii'cclions given by ili¢ Cliarily Coiniiiissioii undci 5cclion 14515llbl of Ilie
2011 Act.
Indeptndtnt ¢xnmlii¢r's $tatem¢nt
I h&v¢ coinpleicd Iny exa1InatIOn. l ¢onfinn tlit¥l no mal1¢1¥ have coitt¢ to my ottei)lion in eonneclion with th¢
¢xaini11alion giving In¢ cllu¥¢ to belicve..
l. 01111n IrcTh1S w¢r¢ Iiot kepl iii Irspecl ofBI'idbYQ PTIQI'Y Tru814is requii'ed by s¢ctioii 380 of the 200CI
2. Ihe iic¥oiin¢s do nol aCLord wilh 11108¢ ItLord$; or
3. t1 a¢coiiiil% do not ¢0inply with Ili¢ aeCOUllli118 Iwuiicincni% of wclioii 39(1 of lh¢ 200() Act olhoi. Ilion
ny ItqiiiiL'in¢nl Ihkll tlic accounts giv¢ ll 'ii'u¢ •nd fail. view, wliiLh 15 not & mAitcr GoiJsidcrcd AS Pklrt of an
iThdcpend¢nl cx)¢ Iiiiiialic)n', OT
4. Ihc *i¢count8 IIAv¢ not bc¢n piEpnir(l in accordancc wilh the Iiieihods and pi'in¢ipl¢s of the Ststcm¢rtl of
Rccoiiiineiidcd l)i'a¢ti¢¢ lo¥ a¢couiitiiig Aiid reporiing by ¢liaritics lapplicablc lo cliarities 17r¢pHrtng thcir
cLoiiiII8 in abcoidllnc¢ wilh Ihb IlinaiiLial Klpui'ling Siiindiiil 11s)plic4blc 111 Ihc UK Jiiil Ilepiibli¥ of
Irclaiid Ir,RS 102)].
I li¥ve i)0 ¢on¢eMs artd Iiv4ve co1¢ acr(18s otlier moiiei* iii ¢oiin¢¢liDN M'itli th¢ exllminatioll 10 whi¢li attenlion
slioul(I be drawn in this I'¢port ii) ord¢T to ciiablc 8 propcr understsnding oftli¢ a¢counL% lo b¢ reh¢d.
GIilLih Coopci.
ACCA
IC)6 Biiiiks Rothd
Wcst Kirby
Wii'i'al
M¢iYeysTdc
C1448 OJiH
22 february 2024
Page C?
## **Bridge Priory Trust**
## **Statement of Financial Activities for the Year Ended 31 July 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Income and Endowments from:**
Donations and legacies
3
Other trading activities
4
Investment income
5
Total income
**Expenditure on:**
Raising funds
6
Charitable activities
7
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
17
**Note**
**Income and Endowments from:**
Donations and legacies
3
Other trading activities
4
Investment income
5
Total income
**Expenditure on:**
Raising funds
6
Charitable activities
7
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
17|**Unrestricted**
**funds**
**£**
17,330
12,263
208
29,801
(2,168)
(861)
(3,029)
26,772
26,772
406,151
432,923
**Unrestricted**
**funds**
**£**
40,171
11,784
9
51,964
(3,022)
(90)
(3,112)
48,852
48,852
357,299
406,151|**Restricted**
**funds**
**£**
49,000
-
-
49,000
-
-
-
49,000
49,000
145,121
194,121
**Restricted**
**funds**
**£**
145,121
-
-
145,121
-
-
-
145,121
145,121
-
145,121|**Total**
**2023**
**£**
66,330
12,263
208|
|---|---|---|---|
||||78,801|
||||(2,168)
(861)|
||||(3,029)|
||||75,772|
||||75,772
551,272|
||||627,044|
||||**Total**
**2022**
**£**
185,292
11,784
9|
||||197,085|
||||(3,022)
(90)|
||||(3,112)|
||||193,973|
||||193,973
357,299|
||||551,272|
All of the charity's activities derive from continuing operations during the above two periods.
The notes on pages 10 to 17 form an integral part of these financial statements. Page 7
## **Bridge Priory Trust**
## **Statement of Financial Activities for the Year Ended 31 July 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
The funds breakdown for 2022 is shown in note 17.
The notes on pages 10 to 17 form an integral part of these financial statements. Page 8
Brldge Priory Trust
(Reglstrxtion number: 06643686)
Balance Sheet as at 31 July 2023
2023
2021
Note
Flxed #ssets
Tan8ible Assets
13
001,307
245.752
Current as$et8
Debtors
Cash at bank and In hand
14
15
276
26.517
26,517
305,520
Cr¢dltor$: Amounts falUDg due ivlthln one year
16
780
Net eurrent hssets
25,737
305.520
Net Dsiets
627,044
551,272
Funds of the eharlty:
Re$trl¢ted Income funds
Restrieted fijndg
194,121
145,121
Unre5trlcted Incom¢ funds
Unrestrict¢d funds
432,923
TotAI fundi
17
627,044
551272
For the financial year ending 31 July 2023 th¢ chariry w88 entitled to exemption from ttudil under section 477 of
the Comp8ni¢s Act 2006 rclatin8 to small companies.
Directors, rc5ponsibilili¢s:
The mcmbcrs h8v¢ no¢ required the charity to obtain an audit of its accounts for the yellr in question in
acLordancc with scGlion 476,. and
Th¢ dir¢dor8 acknowledge tli¢ir responsibiliri&i fcr complying with the requirements of the Act with rpect
to aGcouutitl8 r¢¢ords and the preparation of accounts.
The financial statements on page8 6 10 17 were approved by the tswslees. and &uthoris¢d for issue on
. and signcd on thckr bthalf by..
Iren¢ Summers
Tru5tce
The notes on pages 10 10 17 f(>mi an inicgral pllrt tsf these financial $latcment$.
Page 9
## **Bridge Priory Trust**
## **Notes to the Financial Statements for the Year Ended 31 July 2023**
## **1 Charity status**
The charity is limited by guarantee, incorporated in England & Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation.
The address of its registered office is: Bridge Chapel Centre Heath Road Liverpool Merseyside L19 4XR
These financial statements were authorised for issue by the trustees on 18 February 2024.
## **2 Accounting policies**
## **Summary of significant accounting policies and key accounting estimates**
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
## **Statement of compliance**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Basis of preparation**
Bridge Priory Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
## **Exemption from preparing a cash flow statement**
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
## **Income and endowments**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Page 10
## **Bridge Priory Trust**
## **Notes to the Financial Statements for the Year Ended 31 July 2023**
## _**Donations and legacies**_
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
## _**Investment income**_
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Raising funds**_
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
## **Support costs**
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Page 11
## **Bridge Priory Trust**
## **Notes to the Financial Statements for the Year Ended 31 July 2023**
## **Trade debtors**
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
## **3 Income from donations and legacies**
|Donations and legacies;
Donations from individuals
**Total for 2023**
**Total for 2022**|**Unrestricted**
**funds**
**General**
**£**
17,330
17,330
40,171|**Restricted**
**funds**
**£**
49,000
49,000
145,121|**Total**
**funds**
**£**
66,330|
|---|---|---|---|
||||66,330|
||||185,292|
Page 12
## **Bridge Priory Trust**
## **Notes to the Financial Statements for the Year Ended 31 July 2023**
## **4 Income from other trading activities**
|Property rental income
**Total for 2023**
**Total for 2022**
**5**
**Investment income**
Interest receivable and similar income;
Interest receivable on bank deposits
**Total for 2023**
**Total for 2022**|**Unrestricted**
**funds**
**General**
**£**
12,263
12,263
11,784
**Unrestricted**
**funds**
**General**
**£**
208
208
9|**Total**
**funds**
**£**
12,263|
|---|---|---|
|||12,263|
|||11,784|
|||**Total**
**funds**
**£**
208|
|||208|
|||9|
## **6 Expenditure on raising funds**
## **a) Investment management costs**
|**Note**
Allocated support costs
8
**Total for 2023**
**Total for 2022**|**Unrestricted**
**funds**
**General**
**£**
2,168
2,168
3,022|**Total**
**funds**
**£**
2,168|
|---|---|---|
|||2,168|
|||3,022|
|||**Total**
**costs**
**£**|
Page 13
## **Bridge Priory Trust**
## **Notes to the Financial Statements for the Year Ended 31 July 2023**
## **7 Expenditure on charitable activities**
|**Note**
Governance costs
8
**Total for 2022**|**Unrestricted**
**funds**
**General**
**£**
861
90|**Total**
**funds**
**£**
861|
|---|---|---|
|||90|
|||**Total**
**expenditure**
**£**|
In addition to the expenditure analysed above, there are also governance costs of £861 (2022 - £90) which relate directly to charitable activities. See note 8 for further details.
Page 14
## **Bridge Priory Trust**
## **Notes to the Financial Statements for the Year Ended 31 July 2023**
## **8 Analysis of governance and support costs**
## **Support costs allocated to raising funds**
|**Basis of allocation**
Repairs & Renewals
Buildings Insurance
Legal and Professional
Sundry
**Basis of allocation**
Repairs & Renewals
Buildings Insurance
Legal and Professional
Sundry|**Administration**
**costs**
**£**
1,677
328
150
13
2,168
**Administration**
**costs**
**£**
1,618
336
895
173
3,022|**Total**
**2023**
**£**
1,677
328
150
13
2,168
**Total**
**2022**
**£**
1,618
336
895
173
3,022|
|---|---|---|
## **Governance costs**
|Independent examiner fees
Examination of the financial statements
Depreciation, amortisation and other similar costs
**Total for 2023**
**Total for 2022**
**9**
**Net incoming/outgoing resources**
Net incoming resources for the year include:
Depreciation of fixed assets|**Unrestricted**
**funds**
**General**
**£**
780
81
861
90
**2023**
**£**
81|**Total**
**funds**
**£**
780
81|
|---|---|---|
|||861|
|||90|
|||**2022**
**£**
90|
## **10 Trustees remuneration and expenses**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
Page 15
## **Bridge Priory Trust**
## **Notes to the Financial Statements for the Year Ended 31 July 2023**
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
## **11 Independent examiner's remuneration**
**----- Start of picture text -----**
2023
£
**----- End of picture text -----**
Examination of the financial statements
**----- Start of picture text -----**
780
**----- End of picture text -----**
## **12 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **13 Tangible fixed assets**
|**Cost**
At 1 August 2022
Additions
At 31 July 2023
**Depreciation**
At 1 August 2022
Charge for the year
At 31 July 2023
**Net book value**
At 31 July 2023
At 31 July 2022
**14 Debtors**
Trade debtors
**15 Cash and cash equivalents**
Cash at bank|**Land and**
**buildings**
**£**
244,941
355,636||**Furniture and**
**equipment**
**£**
1,717
-
1,717
906
81
987
730
811
**2023**
**£**
-
**2023**
**£**
26,517|**Furniture and**
**equipment**
**£**
1,717
-
1,717
906
81
987
730
811
**2023**
**£**
-
**2023**
**£**
26,517|**Total**
**£**
246,658
355,636
602,294
906
81
987
601,307
245,752
**2022**
**£**
276|
|---|---|---|---|---|---|
||600,577||1,717|||
||-
-||906
81|||
||-||987|||
||600,577||730|||
||244,941||811|||
||||**2023**
**£**
-
**2023**
**£**
26,517|||
||||||**2022**
**£**
305,244|
Page 16
## **Bridge Priory Trust**
## **Notes to the Financial Statements for the Year Ended 31 July 2023**
## **16 Creditors: amounts falling due within one year**
|**16 Creditors: amounts falling due within one year**||||
|---|---|---|---|
|Accruals
**17 Funds**
**Balance at 1**
**August 2022**
**£**
**Unrestricted funds**
General
406,151
**Restricted funds**
145,121
**Total funds**
551,272
**Balance at 1**
**August 2021**
**£**
**Unrestricted funds**
General
357,299
**Restricted funds**
-
**Total funds**
357,299
**18 Analysis of net assets between funds**
Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Fixed asset investments
Current assets
Total net assets|**Incoming**
**resources**
**£**
29,801
49,000
78,801
**Incoming**
**resources**
**£**
51,964
145,121
197,085
**Unrestricted**
**funds**
**General**
**£**
407,186
26,517
(780)
432,923
**Unrestricted**
**funds**
**General**
**£**
63,190
37,441
305,520
406,151|**Resources**
**expended**
**£**
(3,029)
-
(3,029)
**Resources**
**expended**
**£**
(3,112)
-
(3,112)
**Restricted**
**funds**
**£**
194,121
-
-
194,121
**Restricted**
**funds**
**£**
145,121
-
-
145,121|**2023**
**£**
780|
||||**Balance at 31**
**July 2023**
**£**
432,923
194,121|
||||627,044|
||||**Balance at 31**
**July 2022**
**£**
406,151
145,121|
||||551,272|
||||**Total funds at**
**31 July**
**2023**
**£**
601,307
26,517
(780)|
||||627,044|
||||**Total funds at**
**31 July**
**2022**
**£**
208,311
37,441
305,520|
||||551,272|
Page 17