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2021-05-31-accounts

BRIDGES FOR COMMUNITIES FINANCIAL STATEMENTS 31 MAY 2021

Company Number 07245606 Charity Number 1137092

BRIDGES FOR COMMUNITIES

FINANCIAL STATEMENTS

YEAR ENDED 31 MAY 2021

Contents Pages
Trustees’ Annual Report 1 - 6
Reference and Administrative Information 7
Independent Examiner’s Report 8
Statement of Financial Activities 9
Balance sheet 10
Notes to the financial statements 11 - 20

BRIDGES FOR COMMUNITIES

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MAY 2021

The Trustees have pleasure in presenting their report and financial statements of the Charity for the year ended 31 May 2021, which complies with statutory requirements, the governing documents and the Statement of Recommended Practice, Accounting and Reporting by Charities (FRS102).

Objects of the Charity

The objectives of Bridges for Communities are:

The promotion of racial and religious respect and trust, for the benefit of people of different cultures and faiths in the UK and the Middle East, by, but not limited to:

The charity has made good progress towards achieving each of these objectives this year. The scope and the impact of its work has again grown significantly despite the challenges of the Covid19 pandemic, as evidenced by the achievements listed below.

Impact of Covid-19 on Activities

Bridges for Communities has remained active throughout the various stages of the COVID-19 pandemic, with staff working from home for most of the year and activities and projects having to adapt to the new circumstances. Most projects have been able to continue, through a combination of online, over the phone and in-person delivery in accordance with government guidelines. These include RefuLingua, b.friend, Middle East b.friend, Craft Collective and Peace Feast. Our Bristol Welcome Events for refugees, Sharing Festivals events, and cultural exchange trips have all had to remain on pause throughout the year, but we have been able to launch two brand new projects called Walk With Me and Bristol School Linking.

We have not needed to lay off any members of our staff team due to the pandemic, and the management and trustees have sought to employ people for as much of their jobs as possible so that the activities of the charity could continue at a time when many people we work with were even more vulnerable to isolation than normal. A small number of our staff have been furloughed during the year – most of them for a small portion of their hours due to a reduction in their work load caused by Covid, but with the Craft Collective Coordinator furloughed for all of her 1 day-perweek role for one term due to the unfeasibility of running her project in the spring term. The team have continued to meet weekly online, and those in management roles have communicated regularly with those they oversee to provide support where needed.

To assess the ongoing impact of COVID-19 upon the charity, trustee meetings continued with increased frequency for the first part of the year, including increased communication on operational and financial circumstances between meetings. They returned to their normal quarterly pattern once the trustees were confident that the charity was through the initial adjustment phase and in a stable position financially.

1

BRIDGES FOR COMMUNITIES

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MAY 2021

Bridges for Communities finishes the year in a strong position financially, and able to continue its charitable activities thanks to the strength of the charity’s reserves and the ongoing support of its donors. Some uncertainty exists over access to future grants as trusts change their priorities in the next phases of COVID-19 response, so reviewing the financial position including cashflow forecasts and alternative fundraising opportunities remains a focus for management and the Trustees during this period.

Achievements and performance

This section assesses the charity’s performance against it’s objectives:

a) Developing grass-roots level projects that connect people from different communities in the UK and in the Middle East.

During the year the charity has organised or facilitated the following activities:

The activities above enable people from different cultural and faith backgrounds to interact and build friendships. By doing so, they grow in their understanding of one another and this tends to lead to a reduction in prejudice. The benefit to wider society is that not only are these people more likely to live well alongside one another, but that they share the stories of their interactions with others and influence their perceptions as well. The work we do to help refugees and asylum seekers to integrate into wider society also contributes towards social cohesion in the city.

2

BRIDGES FOR COMMUNITIES

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MAY 2021

in their asylum process.

These training programmes are designed to equip people with the knowledge and tools they need to understand people of different cultures and faiths, and to live well alongside one another. This benefits wider society because participants then contribute towards more cohesive communities and also influence others to do the same.

a. Equipping individuals and organisations that are working towards our vision.

These activities equip individuals and organisations with the knowledge and tools they need to contribute towards a more cohesive society, and thus they enable the expertise and models of Bridges for Communities to impact a wider audience.

The trustees are satisfied that the activities outlined above represent good progress towards achieving the objectives of the charity and also towards the strategic goals outlined in last year’s Trustees’ Report.

In all of the above, the Trustees have had regard to the guidance from the Charity Commission regarding public benefit as it relates to the activities of the charity.

Financial review

The charity is grateful for donations and grants of £137,055 (2020: £89,497) and total fees generated by training, events and cultural exchanges of £45,901 (2019: £45,190), which have enabled the charity to meet its running costs for the year. The charity generated a surplus of £58,005 (2020: £17,696). Reserves at the end of the year were £57,356 (2019: £37,516).

Investment powers and policy

The constitution of Bridges for Communities authorises the Trustees to make and hold investments using the funds of the Charity. Cash balances are currently held with Barclays Bank.

Reserves policy

At the year end the charity held unrestricted reserves of £44,837 (2020: £37,516) and restricted reserves of £60,511 (2020: £29,020). Unrestricted, non-designated, reserves ("free reserves")

3

TRUSTEES’ ANNUAL REPORT

BRIDGES FOR COMMUNITIES

YEAR ENDED 31 MAY 2021

were £44,087 (2020: £37,167) and account for approximately 12 months (2020: 9 months) of operating costs based on the 2021/22 budget, which the trustees consider adequate at this stage of the charity's life. The trustees' reserves policy states that the charity should hold at least 6 months of free reserves (unrestricted, non-designated funds) based on the operating costs in the current budget, and are pleased that this target has been met throughout the year.

Going concern

After making appropriate enquiries, and making assessments regarding the issues relating to COVID–19, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.

Organisation

Bridges for Communities is a company limited by guarantee, number 7245606, as well as a registered charity, in which the company directors also form the Board of Trustees. The day to day running of the charity is delegated to the Managing Director. The liability of each Trustee in the event of a winding up is limited to £1.

Risk management

The systems of internal control are designed to provide reasonable, but not absolute, assurance against material misstatement or loss. They include:

(a) an annual budget approved by the Trustees,

(c) delegation of authority and segregation of duties;

The Trustees aim to review on a regular basis the main risks that the charity faces. They do this by updating the risk register, and by considering a range of potential risks including reputational damage, loss of key staff, loss of key funders and breach of the GDPR. They believe that maintaining appropriate reviews of the controls over key financial systems provides sufficient resources in the event of unexpected adverse conditions. The Trustees are pleased to confirm that the internal financial controls conform to guidelines issued by the Charity Commission.

Trustee recruitment and training

New trustees can be appointed when appropriate. Suitable candidates are recruited through our network of contacts and partnerships, and through the role being advertised on our website. Candidates are considered on the basis of their skills, experience and sympathy with the aims of the charity, and will go through an interview process. New trustees will have the opportunity of reviewing appropriate documents including the accounts as part of their induction process. The induction process will also involve the candidate receiving an induction pack and having the opportunity to observe a board meeting before their formal appointment to the board.

4

BRIDGES FOR COMMUNITIES

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MAY 2021

Plans for future periods

Bridges for Communities seeks to build on the achievements of the last year and continue to grow as a charity. However, the management and trustees recognize that the uncertainty created by the spread of COVID-19 may mean that the year ahead is one where we seek to maintain and consolidate our position rather than seeking significant growth.

Our 5-year organisational goals (2018-23) are:

  1. To become a small, dynamic and sustainable organisation that is a ‘centre of excellence’ based in Bristol and resourcing others elsewhere.

  2. To have strong partnerships in local communities and a reputation for contributing towards social cohesion in Bristol, especially the integration of newcomers from other cultures and those who are socially isolated.

  3. To have a range of programs that are well established, consistently run, needs-led and strategic in nature (Peace Feast, RefuLingua, Bristol Welcome, b.friend, Cultural Exchange trips, Training etc.).

  4. To have a strong and diverse team of part time staff that is working well together, and a diverse board of trustees with a good skill mix to cover key governance areas.

Our strategic goals for the next year (2021-22) are:

5

BRIDGES FOR COMMUNITIES

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 31 MAY 2021

Statement of trustees’ responsibilities

The trustees (who are also directors of Bridges for Communities for the purposes of company law) are responsible for preparing the Trustees’ Report (incorporating the directors’ report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that 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.

42 Carrington Road Bristol. BS3 2AG.

Signed by order of the Trustees on 20 October 2021

Rev O R Lynch Chair of the Trustees

6

BRIDGES FOR COMMUNITIES

REFERENCE & ADMINISTRATIVE INFORMATION

YEAR ENDED 31 MAY 2021

Status

The Charity is governed by its Articles of Association. It was incorporated as a company limited by guarantee, number 7245606, on 6 May, 2010 and was registered with the Charity Commission in England & Wales, number 1137092 on 27 July 2010.

Trustees

The Trustees who are directors for the purpose of company law and who served during the year are:

Rev O R Lynch, Chair Mr J J Kay Mr D J Gregory Mrs L Briggs (née Bond) Mrs R Bennett Mrs A Mustafa

Registered Office

42 Carrington Road Bristol BS3 2AG.

Independent Examiner

Joshua Kingston, BSc., ACA Burton Sweet Limited, The Clock Tower, 5 Farleigh Court, Old Weston Road, Flax Bourton, Bristol BS48 1UR

Bankers

Barclays Bank plc, Leicester. LE87 2BB

7

BRIDGES FOR COMMUNITIES

INDEPENDENT EXAMINER’S REPORT

YEAR ENDED 31 MAY 2021

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 May 2021.

.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Joshua Kingston, BSc., ACA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR

Date: 20 October 2021

8

BRIDGES FOR COMMUNITIES

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

YEAR ENDED 31 MAY 2021

----- Start of picture text -----
Unrestricted Restricted Total Funds Total Funds
Funds Funds 2021 2020
Note £ £ £ £
Income from:
Donations and legacies 2 51,855 85,200 137,055 89,497
Charitable activities 2,686 43,215 45,901 45,190
Investment income 2 - 2 3
Total income 54,543 128,415 182,958 134,690
Expenditure on:
Raising funds 3 2,183 3,682 5,865 1,968
Charitable activities 4 30,464 94,649 125,113 115,026
Total expenditure 32,647 98,331 130,978 116,994
Net income/expenditure 21,896 30,084 51,980 17,696
Transfers between funds 12 (1,407) 1,407 - -
Total funds at 1 June 2020 37,516 29,020 66,536 48,840
Total funds at 31 May 2021 12 58,005 60,511 118,516 66,536
----- End of picture text -----

The Charity has no recognised gains or losses other than the results for the year as set out above.

All of the activities of the charitable company are classed as continuing.

See note 8 for comparative Statement of Financial Activities.

The notes on pages 11 to 20 form part of these financial statements

9

Company Registration Number 07245606

BRIDGES FOR COMMUNITIES

BALANCE SHEET

AS AT 31 MAY 2021

----- Start of picture text -----
2021 2020
Note £ £
Fixed assets
Tangible assets 9 750 349
Current assets
Debtors 10 3,816 5,825
Cash at bank 132,688 87,830
136,504 93,655
Creditors: amounts falling due within one year 11 (18,738) (27,468)
Net current assets 117,766 66,187
Net assets 118,516 66,536
Income funds
General funds 13 44,837 37,516
-
Designated funds 13,168
Restricted funds 13 60,511 29,020
Total funds 118,516 66,536
----- End of picture text -----

For the year ended 31 May 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act applicable to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.

These financial statements were approved by the trustees on 20 October 2021 and are signed on their behalf by:

Rev O R Lynch (Chair of Trustees)

The notes on pages 11 to 20 form part of these financial statements

10

BRIDGES FOR COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MAY 2021

1 Accounting policies

The charity meets the definition of a public benefit entity under FRS102.

The accounts have been prepared on the going concern basis as discussed in the trustee's annual report. The Trustees know of no material reason why this should not be appropriate.

Income from donations is included in income when it is receivable, except as follows:

11

BRIDGES FOR COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MAY 2021

1 Accounting policies (continued)

2 Donations and legacies

Donations
Grants receivable		 Unrestricted
Funds
£
40,982
10,873
51,855		 Restricted
Funds
£
15,970
69,230
85,200		 Total Funds
2021
£
56,952
80,103
137,055

During the year, the charity received government grants of £5,872 in regards to Covid-19.

Prior year comparatives

Donations
Donated services and facilities*
Grants receivable		 Unrestricted
Funds
£
29,059
3,333
11,000
43,392		 Restricted
Funds
£
8,348
-
37,757
46,105		 Total Funds
2020
£
37,407
3,333
48,757
89,497

*The equivalent cost of donated services is reflected in charitable expenditure in note 4 as office space.

12

BRIDGES FOR COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MAY 2021

3 Expenditure on Raising Funds

Current year
Training and events
Bank and online payment charges
Wages and salaries
Prior year
Training and events
Bank and online payment charges
Wages and salaries
Expenditure on Charitable Activities
Direct costs
Staff training
Travel
Subsistence
Hospitality
Volunteer expenses
Materials
Training and events
Professional fees
Venue costs
Film production costs
Wages and salaries
National insurance
Pension costs		 Unrestricted
funds
£
137
482
1564
2183
Unrestricted
funds
£
127
553
416
1096
Total Funds
2021
£
402
182
124
1,576
3,003
1,696
3,644
3,240
551
80
83,734
-
3,368
101,600		 Restricted
funds
£
931
148
2603
3682
Restricted
funds
£
456
-
416
872
Total Funds
2020
£
725
992
394
1,757
5,404
420
4,843
-
2,264
800
70,806
1,145
3,303
92,853		 Total funds
2021
£
1068
630
4167
5865
Total funds
2020
£
583
553
832
1,968

4 Expenditure on Charitable Activities

13

BRIDGES FOR COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MAY 2021

4 Expenditure on Charitable Activities (continued)

Support costs
Bank and online payment charges
Office expenses
Telephone, website & IT
Printing, postage & stationary
Insurance
Governance costs
Consultancy fees
Office Space*
Office rent
Wages and salaries
National insurance
Pension cost
Depreciation		 Total Funds
2021
£
-
878
1,690
429
1,089
1,831
7,220
-
2,653
7,154
-
321
248
23,513		 Total Funds
2020
£
4
590
1,005
328
544
1,844
5,635
3,333
915
7,240
227
314
194
22,173

Support costs are allocated on the basis of cost of activities undertaken directly. *This represents the value of donated services (see note 2).

14

BRIDGES FOR COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MAY 2021

----- Start of picture text -----
5 Net income for the year is stated after charging:
2021 2020
£ £
Depreciation 248 194
Independent examiner's fee Independent examination 918 840
Accounts preparation 720 720
6 Staff costs and numbers
The aggregate payroll costs were:
2021 2020
£ £
Wages and salaries 91,838 78,879
Social security costs 3,791 1,372
Employer's pension costs 3,690 3,617
99,319 83,868
----- End of picture text -----

15

BRIDGES FOR COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MAY 2021

6 Staff costs and numbers (continued)

No employee received emoluments of more than £60,000.

No trustees have been remunerated or reimbursed for their out of pocket travel expenses (2019: Nil)

The key management personnel comprise the Trustees and the Managing Director. The aggregate remuneration received by key management personnel during the period was £25,217 (2020: £25,058)

The average weekly number of employees based on average headcount during the year was as follows:

----- Start of picture text -----
|||| |---|---|---| |2021|2020| |No.|No.| |Administration|10|6|

----- End of picture text -----

7 Taxation

The Charity is exempt from corporation tax on its charitable activities.

8 Comparative Statement of Financial Activities

----- Start of picture text -----
||||| |---|---|---|---| |Unrestricted|Restricted|Total Funds| |Funds|Funds|2020| |£|£|£| |Income from:| |Donations and legacies|43,392|46,105|89,497| |Charitable activites|8,107|37,083|45,190| |Investment income|3|-|3| |Total income|51,502|83,188|134,690| |Expenditure on:| |Raising funds|1,096|872|1,968| |Charitable activities|38,360|76,666|115,026| |Total expenditure|39,456|77,538|116,994| |Net income/expenditure|12,046|5,650|17,696| |Transfers between funds|2,975|(2,975)|-| |Net movement in funds|15,021|2,675|17,696| |Total funds at 1 June 2020|22,495|26,345|48,840| |Total funds at 31 May 2021|37,516|29,020|66,536|

----- End of picture text -----

16

BRIDGES FOR COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MAY 2021

9 Tangible fixed assets

Cost
At 1 June 2020
Additions
At 31 May 2021
Depreciation
At 1 June 2020
Charge for year
At 31 May 2021
Net book value
At 31 May 2021
At 31 May 2020
10 Debtors
Other debtors
Prepayments and accrued income
Gift Aid
11 Creditors: amounts falling due within one year
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 Office
Equipment
£
2,723
649
3,372
2,374
248
2,622
750
349		 2021
£
250
791
2,775
3,816
2021
£
1,290
1,837
554
15,057
18,738		 Total
£
2,723
649
3,372
2,374
248
2,622
750
349
2020
£
447
607
4,771
5,825
2020
£
55
506
497
26,410
27,468

17

BRIDGES FOR COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MAY 2021

11 Creditors: amounts falling due within one year (continued)

Deferred income (included in Accruals and deferred income)
Deferred income at start of year
Amounts released from previous years
Resources deferred during the year		 2021
£
22,400
(23,683)
14,000
12,717		 2020
£
15,767
(15,767)
22,400
22,400

12 Movement in funds

Year ended 31 May 2021
Unrestricted funds
General funds
Designated funds
Peace feast
Refugee social
RefuLingua project
Restricted funds
b.friend project
Refugee Social events project
Syrian refugee resettlement fund
RefuLingua project
Peace feasts
BC Trust
School links
Total funds		 1 June
2020
£
37,516
-
-
-
-
17,103
1,175
9,484
-
1,258
-
-
29,020
66,536		 Income
£
54,543
-
-
-
-
18,367
-
40,445
23,603
1,000
33,000
12,000
128,415
182,958		 Expenditure
£
(31,201)
(1,446)
-
-
(1,446)
(18,849)
(1,163)
(26,938)
(12,243)
(3,136)
(32,351)
(3,651)
(98,331)
(130,978)		 Transfers
£
(16,021)
8,792
1,000
4,822
14,614
-
-
-
1,178
878
(649)
-
1,407
-		 31 May
2021
£
44,837
7,346
1,000
4,822
13,168
16,621
12
22,991
12,538
-
-
8,349
60,511
118,516

18

BRIDGES FOR COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MAY 2021

12 Movement in funds (continued)

Year ended 31 May 2020
Unrestricted funds
General funds
Restricted funds
b.friend project
Lloyds Bank Foundation
Refugee Social events project
Syrian refugee resettlement fund
RefuLingua project
Peace feasts
Total funds		 1 June
2019
£
22,495
4,352
1,270
2,008
10,281
8,434
-
26,345
48,840		 Income
£
51,502
41,555
-
-
32,383
7,760
1,490
83,188
134,690		 Expenditure
£
(39,456)
(23,804)
(1,270)
(833)
(33,180)
(18,219)
(232)
(77,538)
(116,994)		 Transfers
£
2,975
(5,000)
-
-
-
2,025
(2,975)
-		 31 May
2020
£
37,516
17,103
-
1,175
9,484
-
1,258
29,020
66,536

Restricted funds

The b.friend project provides one-to-one support for asylum seekers and refugees.

Lloyds Bank Foundation for England and Wales funded short film projects and the annual Impact Report.

The Refugee Social Events project organises social activities where refugees and asylum seekers can enioy themselves and spend time getting to know people.

The Syrian refugee resettlement fund provides one-to-one support for Syrian and Middle Eastern families who have been resettled in Bristol by the City Council.

The RefuLingua project enables Arabic-speaking refugees to teach their language to people in Bristol.

The Peace Feasts project organises events where people from different backgrounds can share a meal together, in order to promote friendship and social cohesion.

The Barrow Cadbury Trust’s COVID-19 Support Fund enabled the continuation of several of our key projects during the Covid-19 pandemic.

The School Linking project connects classrooms in different parts of Bristol for conversations around identity, community, equality and diversity.

19

BRIDGES FOR COMMUNITIES

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MAY 2021

13 Analysis of net assets

Year ended 31 May 2021
Tangible fixed assets
Net current assets
Year ended 31 May 2020
Tangible fixed assets
Net current assets		 Unrestricted
funds
£
750
57,255
58,005
Unrestricted
funds
£
349
37,167
37,516		 Restricted
funds
£
-
60,511
60,511
Restricted
funds
£
-
29,020
29,020		 Total
£
750
117,766
118,516
Total
£
349
66,187
66,536

14 Company limited by guarantee

The charity is a company limited by guarantee having no share capital. Every member is liable to contribute £1 towards the costs of dissolution and the liabilities incurred by the charity in the event of the charity being wound up.

15 Related party transactions

Owen Lynch is a trustee of both Bridges for Communities and Severn Vineyard Church. During the year, unrestricted grant income of £2,400 (2020: £2,400) and donated office space with equivalent value of £nil (2020: £3,333) was received from Severn Vineyard Church. No balances were due to or from Severn Vineyard Church at the year end.

The total amount of donations received without conditions from trustees and related parties during the year was £2,787 (2020: £3,368).

Details of payments to trustees are set out in note 6.

20