BRIDGE PRIORY TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, ANNUAL REPORT & FINANCIAL STATEMENTS FOR YEAR ENDED 31ST JULY 2024 Company Registration No. 06643686 Charity Registration No. 1125780
BRIDGE PRIORY TRUST CONTENTS Page Trustees, Annual Report statement of Trustees, Responsibllities Indep8ndent Examlnerfs Report Statement of FinanGlal Activities Balance Sheet Notes to the Flnanclal Statem8nts 8-12
BRIDGE PRIORY TRUST TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31sf JULY 2024 The Truste@s present their report and accounts for the year ended 31st July 2024. 7 SOUTH BANK ROAD This year saw the completion of the renovations to this bungalow in preparatlon for residency by Nicki and Failh. The building was completed and ready for occupancy by 13th April and the residents moved in during May. Nicki and Faith have seltlad in well with care provided by staff at Natural Breaks. Apart from th8 breakdown of the washing machine and a few minor blips, things have been running smoothly. Plans are afoot and funds available to landscape the back garden in the coming spring. As trust8es we are so grateful to the many volunteers and supporters who made this possible particularly Mal and Lynn McNaught who worked tir81essly to this end. We also acknowledge the hard work and dedication of Irene Summers as Treasurer. We are also most grateful for the Disabled Faciliti8s Grant of £77,334.73 from Liverpool City Council, which helped enormously toward the renovation work, as well as grants previously mentioned in last yearfs annual report. 20 VYNER ROAD SOUTH Durlng the year Cathy underNent a serious operation but thankfully recovered really well and this despite losing her father, Jacky continues to Sive in the upstalrs accommodation. Mal McNaught continues to be our rna1ntenan man performlng a great Job coverlng most jobs. from clearing drains. fixing windows, supplying new taps, fitting door closers, etc. A n6w fence was constructed in the back garden during the summer and a new carpet was fitted in Jacky s room. As always, we give thanks to the Lord for His provision and for the support of volunteers, supporters and parents.
BRIDGE PRIORY TRUST TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST JULY 2024 Structure, Governance and Management financial instruments Objectives and policies To relieve and support people with lean)ing disabiliti&s in Merseyside. including but not by way of limitation, thIDugh the provision of quality housing so as to achieve independent living with appropriate suppoit. Achievements and performance The Diiectors (Trustees) have enabled adult ladies with learning disabilities, to be housed with supported living at 20 Vyncr Road South, known as Ivy Cottage, within the '¢a where they have live(L most of theii lives. Financial review The principal souices of fimds are gifis from various donors to the charity, and income from the tenants, rental and seivicc charge payments. The iiivestmcnt 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.
BRIDGE PRIORY TRUST TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST JULY 2024 REFERENCE AND ADMINISTRATIVE DETAILS Name Bridge Priory Trust 06643686 Company Number Charlty Number Registered Offlce 1125780 Bridge Chapel Centre Heath Road, Liverpool, Merseyside, United Kingdom L19 4XR Board of Trustees The Board of Trustees are also its dlrectors. The charitable company is governed by a Board of Trustees., mernbers of the Board of Trustees during the year are listed below: Trustees Jeffrey Carruthers (Deceased on 26th October 2024) Irene Summers Jean Houghton Susan Carruthers Lynne Lloyd Lynn McNaught Mrs Ying Huang FCCA 107 Mather Avenue Liverpool, L18 6JY Independent Examlner Bankers Barclays Bank UK PLC 1 Churchill Place, London, E14 5HP The trustees, report was approved by Ihe Board of Trustees. Irene Summers Trustee Dated.. 03
BRIDGE PRIORY TRUST 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 rnust not approve Ihe 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 charltable 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 bean 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 Ihem to ensure that the financial statements comply wlth the Companie5 Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevenlion and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corpoiate and financial information included on the charitable company's websit8. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Signed on behalf of the Board of Trustees Irene Summers Trustee Date:
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS TO THE TRUSTEES OF BRIDGE PRIORY TRUST I r6POrt on the accounts of the charitable company for the year ended 31 sl July 2024, which are set out on pages 6 to12. The Trustees (who are also the Directors of the charitable company for the purposes of company law) are responsible for the preparation of the accounts. The Trustees consider that an audlt is not required for this year under sectlon 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the 2011 Act, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act, and to state whether partii)Jlar rnatters have come to my attention. Res ective res onsibilities of tnistees and examiner Basis of inde enden examiner s statement My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charltable company and a comparison of the accounts presented with Ihose records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the Trustees concernlng any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no oplnion is given as to whether the accounts present a 'true and falr, view and the report is lirnited to those matters set out in the statement below. Inde endent examingr's statement In connectlon wlth my examlnatlon, no matter has come to my attention: (1) whlch gives me reasonable cause to believe that in, any material respect, the requirements: to keep accounting records in accordance with section 386 of the Companies Act 2006; and to prepare accounts which accord with the accounting records and comply with the accounting requlrements of section 396 of the Companies Act 2006 and wilh the methods and principles of the Statement of Recommended Practice: AcGounting and Reporting Charities have not been met- or {2) lo which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Name: Mrs Ying Huang Relevant professional qualification or body: FCCA Address: 107 Mather Avenue. Llverpool, L18 6JY Dated:
BRIDGE PRIORY TRUST STATEMENT OF FINANCIAL ACTIVITIES (Including Income & Expendlture Account) FOR THE YEAR ENDED 31ST JULY 2024 Notes Unrestricted Restrlcted Funds Funds 2024 2024 Totals Totals 2024 2023 Income and endowments Donations and legacies other trading activities I nvestments 95,847 15,487 141 95,847 15,487 141 66,330 12,263 208 3b 3c Total income 111,475 111,475 78,801 Expendlture on: Charitable activities 13,445 13,445 3,029 Total expandlture 13,445 13,445 3,029 Net {expenditure)lincome, net movement in funds 98,030 98,030 75,772 Total funds brought forward 10 432,923 194,121 627,044 551,272 Total funds carried forward 10 530,953 194,121 725,074 627,044 The not8s on pages 8 to 12 form part of these accounts. All th8 above amounts relate to continuing activities of the charilable company.
BRIDGE PRIORY TRUST BALANCE SHEET AS AT 31 J COMPANY NUMBER 06643686 ST LY 2024 Notes 31st July 2024 31st July 2023 Fixed assets Tangible fixed assets 711,655 601,307 Current assets Debtors Cash at bank and in hand 2,294 11,125 10 26,517 13.419 26,517 Current Ilabllltles Creditors: amounts falling due within one year (780) Net current assets 13,419 25,737 Total assets less current Ilabllltles 725,074 627,044 Funds: Unrestrlcted funds Restrlcted funds 11 11 530,953 194,121 432,923 194,121 725,074 627,044 These financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102). These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies, regime and in accordance with FRS102 SORP, The members have not requirod the company to obtain an audit of in accordance with section 476 of the Companies Act 2006. For the period covered by these accounts the charitable company was entitled to exemptlon under section 477 of the Companies Act 2006 relating to small companies, The Trustees, who are the Directors of the charitable company, acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. Approved by th6 Board on: (L Irene Summers Trustee Date . 2cry2g
BRIDGE PRIORY TRUST DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2024 ST 1. Limited Liability The charitable company is a company limited by guarantee. Each member's liability is limited to £nil towards Ihe assets of Ihe charity in the event of liquidation. 2. AcGountlng Policies Basis of Accounting The accounts have b8en prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in Ihe relevant note(s) to these accounts. The financial statements have been prepared in accordance wilh the Statement of Recommended Practice,. Accounting and Reporting by Charities preparing their accounts in accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland {FRS102) as amended for accounting periods commencing from 131 January 2019 and Charities Act 2011 and the Cornpanies Act 2006. The accounts are prepared in sterling, which Is the functional currency of the charitablg company. Monetary amounts in these financial statements are rounded to the nearest £. Going concern At the time of approving the accounts, the Trustees have a reasonable expectation that the charltable company has adequate resenies to continue in operational exlstence for the foreseeable future. The Trustees are confident that the levels of liquidity and free reserves wlll not affect the charity's operations. Thus, the Truslees continue to adopt the going concern basis of accountlng in preparing the accounts. Fund accountlng Unr8Stricted funds are the charitable company's free reserves available for the Trustees to apply In accordance with the charitable company's charitable objectives. Designated funds are funds set aside by the Trustees out of unrestricled funds for specific future purposes. Restricted funds are subject to specific restrictive conditions imposed by the donor. All restricted funds are accounted for as restricted income and expenditure for the purposes is charged to the fund. Income recognltlon All income is recognlsed oncg the charitable company has entitlement to the income, there Is sufficient certainty of receipt and so it is probable that the income will be received, and the amount of income receivable can be measur&d reliably. Donations and legacies comprise of donations and general grants which are recognised in the accounts when received, with the exception of known legacies which are accounted for when their receipt is certain. Incorne from charitable activities is recognised on an accrual's basis except for grants receivable, which are recognised on the date on which their unconditional payment is confirmed by the donor. Income from investment relates to bank interest received and is recognised when the amount is certain. other tradlng inGome relates to all fundraising events and is recognised when the amounts are certain. Expendlture recognitlon Liabilities are recognised as soon as there is a legal or constructive obligation commitling the charitable company to that expenditure, it is probable that settlement will be required, and lh8 amount of the obligation can be measured reliably.
BRIDGE PRIORY TRUST DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST JULY 2024 All expenditure is accounted for on an accrual's basis. All expenses, including support costs and governance costs, are allocated or apportioned to the applicable expenditure headings in the Statement of Financial Activities. Support and governance costs are applied to unreslricted funds unless specifically included in the restrictions, as specified by the donor. Expenditure on charitable activities relates to tho operation of the charitable company comprising of direct charitable expenditure to meet the objectives of the charltable company. Support and governance costs relate to the management and operation of the organisation and also compliance with constitutional and statutory requirements in producing the annual report. These ar6 dealt with in the Statement of Financial Activities when payment has been approved by the charitable company. Tangible fixed assets Tangible fixed assets are stated in the balance sheet as cost or revaluation less accumulated depreciation: Individual fixed assets costing £0.00 or more are initially recorded at cost. Depreciation.is provided to write off the cost of each ass@t over its expected useful life as b61ow.' Fixtures and Fittings 50/0 per annum straight lin8 basis Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short- term liquid investments with original maturities of three months or less, and bank overdrafts. Baslc flnanclal assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carri8d at amortlsed cost using the effective interest method unless the arrangement constitutes a financlng transactlon, where the transaction is measured at the present value of the future receipts discounted at a market rate of inleresl. Flnanclal assets Classified as receivable within one year are not amortised. Baslc flnanclal Ilabllltles Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt Instruments are subsequently carried at amortised cost, using the effective interest rate method. Derecognitlon of flnancial Ilabllltles Financial Ilabilities are derecognised when the charilable company'5 contractual obligations expire or are discharged or cancelled. Taxatlon Income and gains are exempt from taxation as they are received and applied for charitable purposes only. The charitable company benefits from various exemptions from taxation afforded by tax legislation and is not liable to corporatlon tax on income or gains falling within those exemptions.
BRIDGE PRIORY TRUST DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2024 ST 3. Income and Endowments from: Unrestrfcted Funds 2024 Restrlcted Funds 2024 Total Funds 2024 Total Funds 2023 Donatlons and legacles: Donations 95,847 95,847 66,330 Income from donations and legacies for 2023 £49,000 related to restricted funds. b. Other tradlng actlvltles Property rental income 15.487 15,487 12,263 Income from other trading actlvities for 2023 related wholly to unrestricted funds. Investment Income Bank interest 141 141 208 4. Expendlture on charltable actlvltles Dlrect Support & Charltable Governance Expenditure Costs Total 2024 Total 2023 Support Costs and Governance costs 13,359 86 13,445 3,029 . Analysed as follows: 2024 2023 Support costs.. Repairs & Renewals Buildings Insurance Legal and Professional Sundry 12,024 1301 1,677 328 150 13 34 13.359 2,168 Govemance Costs.. Independent Examiner fee Depreciation, amortisation costs 780 81 86 86 861 Total expendlture on charitable activltles 13,445 3,029 10-
BRIDGE PRIORY TRUST DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31sf JULY 2024 5. Trustees, remuneration and expenses No trustees, nor any persons connected wilh them, have received any remuneration from the charity during the year. 6. Taxation The Charity is a reglstered charity and is therefore exempt from taxation. 7. Tanglble fixed assets Land and Building Furniture and Equlpment Total Cost Balance at 181 August 2023 Addition during the year 600,577 110,434 1,717 602,294 110,434 Balance at 31#1 July 2024 711,011 1.717 712,728 Accumulated Depreclatlon Balance at 181 August 2023 Charge for the year 987 86 987 86 Balance at 3181 July 2024 1073 1073 Net Book Value at 318t July 2024 711.011 644 711,655 Net Book Valué at 318t July 2023 600,577 730 601,307 There were no material commitments at Ihe year-end (2023: none). 8. Debtors 2024 2023 Trade debtors 2,294 2.294 Creditors 2024 2023 Trade Creditors 780 780 11
BRIDGE PRIORY TRUST DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31$7 JULY 2024 10.cash and cash equivalents 2024 2023 Cash at bank 11,125 26,517 11,125 26,517 11. Analysis of Net Assets between Funds 2024 Tangible Net Current Flxed assets assets Total Unrestricted Funds General Fund 517,534 13,419 530,953 Restricted Funds Restricted funds 194,121 194,121 194,121 194,121 Totals 711.655 13,419 725,074 2023 Tanglble Net Current Flxed assets assets Total Unrestricted Funds General Fund 407.186 25,737 432,923 Restrlcted Funds Restricted funds 194,121 194,121 194,121 194,121 Totals 601.307 25,737 627,044 12-