Company registration number: 7472282 Charity registration number: 1140509
## Bridge Chapel
(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2022
Corbett & Co Accountants Ltd 555 Smithdown Road Liverpool Merseyside L15 5AF
## **Bridge Chapel**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 6|
|Independent Examiner's Report|7|
|Statement of Financial Activities|8|
|Balance Sheet|9|
|Notes to the Financial Statements|10 to 16|
## **Bridge Chapel**
## **Reference and Administrative Details**
**Charity Registration Number** 1140509 **Company Registration Number** 7472282 **Registered Office** Bridge Chapel Centre Heath Road Liverpool L19 4XR **Independent Examiner** Corbett & Co Accountants Ltd 555 Smithdown Road Liverpool Merseyside L15 5AF **Bankers** CAF Bank Ltd
Page 1
## **Bridge Chapel**
## **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 March 2022.
## **Trustees and officers**
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Professor J Jarvis Mr I MacMichael Mr Christopher Holloway Mr Paul Forrest
## **Statement of trustees' responsibilities**
The trustees (who are also the directors of Bridge Chapel 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.
The church leadership at BRIDGE CHAPEL present the Annual Report together with the financial statements.
BRIDGE CHAPEL is a Registered Charity – No 1140509 and a Company – No 7472282
and is affiliated to the FIEC (Fellowship of Independent Evangelical Churches).
## **GOVERNING DOCUMENT**
The church is established and operates under a “Memorandum and Articles of Association.”
## **OBJECTS**
Page 2
## **Bridge Chapel**
## **Trustees' Report**
The charity’s objects are for the public benefit and are restricted to the following:-
- To advance the Christian faith in accordance with the Statement of Faith in the Schedule to the
1. Memorandum and Articles of Association in such ways and in such parts of Merseyside, the United Kingdom or the world as the Trustees may from time to time think fit;
- To further Christian education in such parts of Merseyside, the United Kingdom or the world as the
- 2. Trustees may from time to time think fit;
- To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind, including through the provision of counselling and support in
- 3. such parts of Merseyside, the United Kingdom or the world as the Trustees may from time to time think fit.
The principal activities of the Church are to:-
- **G** lorify God
- **E** dify believers
- **M** ultiply disciples of Jesus Christ
Through:-
- **B** uilding
- **R** eaching
- **I** nvesting
- **D** eveloping
- **G** rowing
- **E** ngaging
## **TRUSTEES and other CHURCH OFFICERS**
The Trustees of the Charity are either Elders, Leaders or Members of Bridge Chapel.
The legal owners of the Bridge Chapel Centre premises are the Trustees.
The responsibility for managing the facilities at the Bridge Chapel Centre is delegated to the Trustees of the Bridge Chapel Centre [Charity No. 1122877] who are all members of Bridge Chapel.
Page 3
## **Bridge Chapel**
## **Trustees' Report**
## **ANNUAL REVIEW OF ACTIVITIES – 2020/21 (Public Benefit)**
The Trustees have had regard to the Charity Commission general guidance on public benefit when reviewing our aims and objectives and in planning future activities. The Trustees consider that the charity’s activities reflect our aims and objectives, and that they are designed to provide accessible services and activities that benefit the appropriate sector of the public in accordance with our charitable activities.
The following ministries have been supported, maintained and developed during the financial year.
- Sunday Church Services
- Growth Groups
- Centre Ministries
- Youth Ministries
- Adult Ministries
- Care Ministry
- Training & Leadership
- Community Outreach
- Music Ministry
- Administration Ministries
The church continued to hold services of worship every Sunday, which have included preaching and/or Bible teaching, and throughout the year, age-related activities for children have also been provided. All of these meetings have been open to the general public, whom we have regularly invited by means of leaflet campaigns and visitation in the surrounding area.
We responded to the different Covid restrictions with on-line and live streamed services. We restarted our regular in person gatherings as when the restrictions allowed.
We recruited to the staff team the following roles: a part time care worker, a full time youth worker and a full time pastor.
In addition, we conducted 3 weddings, 9 funerals, 1 child dedication and 5 baptisms.
Our targeted activities for a range of different groups gradually returned during the year as Covid guidance changed. This included meetings for seniors – Bible studies, lunch clubs and social get togethers have been promoted in Liverpool and the surrounding area. Our weekday activities for children also returned to meeting as and when appropriate and have attracted children from a similar catchment area. Activities for children and young people attract approximately 350 each week and in addition camps are held in the summer and autumn with over 100 attending.
The church supports a club on Thursdays for adults with learning difficulties.
The church has also maintained its support for church-planting and missionary work throughout the world. At present we support a family working with Africa Inland Mission (AIM) in Nairobi Kenya, and a family working with Operation Mobilisation in Florence, South Carolina USA.The church building [Bridge Chapel Centre] is normally open 6 days per week and on many occasions is open for 7 days in a week and is a real and positive community resource to which the public have free access.
Bridge Chapel relies entirely on the freewill giving of members and others sympathetic with our aims and objectives. No public appeals for money are made. Opportunities for support of specific projects by prayer, in kind, by giving of time or resources may be communicated to the membership and congregation from time to time.
Page 4
## **Bridge Chapel**
## **Trustees' Report**
We are grateful and thankful to God that _“All we have needed, His hand has provided, Great is His faithfulness, Lord unto us”_
## **CAFE ESTA Ltd**
BRIDGE CHAPEL has a wholly owned trading subsidiary. CAFÉ ESTA Ltd, a limited company [Company No. 04666210] operating as “Esther’s Coffee Lounge within the church premises.
CAFÉ ESTA Ltd has a single share issue of £1 and the Elders of the church hold this.
The relationship between the company and the charity is governed by a master trading agreement.
The principle activities of the company continue to be:
- Catering operating in the Bridge Chapel Centre premises.
The company is committed to generating a small profit. In fact, however the cafe has needed a small amount of financial support from Bridge Chapel; the trustees have been willing to make these transfers in recognition that the cafe provides a valued and appropriate service to the daily users of the Bridge Chapel Centre according to the aims of Bridge Chapel, and that some items of capital expenditure have been necessary.
Any surpluses made by CAFÉ ESTA Ltd will be redistributed to Bridge Chapel and used as the charity sees fit to support its charitable aims.
## **RISK MANAGEMENT**
The Trustees continue to regularly review the major risks to which the charity is exposed, and take appropriate action to mitigate those risks.
## **GRANT MAKING POLICY**
The church currently aims to allocate at least 20% of the total donations received in the year to the following:-
- Mission Support
- Compassion Support
Gifts to external organisations and individuals are considered by the Trustees on the basis of need and fulfilment of the charitable activities. There are no upper or lower limits of support.
Page 5
## **Bridge Chapel**
## **Trustees' Report**
## **FINANCIAL RESERVES POLICY**
It is the policy of the church to hold in reserve the equivalent of six months general running costs, currently £150,000. The level of reserves is reviewed annually.
Reserves in our particular situation are needed to:-
- Cover unforeseen emergency expenditure on building/facilities
- Cover a dramatic and drastic loss of income
- Meet our commitments in the short to medium term to those who labour in the gospel among us
- Demonstrate good stewardship and financial management
- Meet unexpected ministry calls or gospel opportunities that may present themselves
The annual report was approved by the trustees of the charity on 22 December 2022 and signed on its behalf by:
......................................... Professor J Jarvis Trustee
Page 6
Brmlgt Chapel
Independent ExAminerfs Report to Ibe trwteu of Bridge Cbapel {'the Company
I rep to the cPArity trStee$ on my examina11 of ¥c4xmL8 of the Cw the year ended 31 March
2022.
Respongibilitie$ attd basL8 of rewhrt
As the charity's trust¢es of tlL¢ Compary (and also its direLts for the pll[p of cowy law) you are
responsible for the pr¢paration of the xcounts in accthe with th¢ requinnejts of the Compallies Act 2006
{Mhe 2006 Act,).
Having satiSfd myself that the a¢¢ounts of the c are not rtyuired to be audited under Part 16 of the
2(K16 Aet and ore eligible for iThlet*Ddrnt examina1 I repxt ID respect of my examination of y(bur ¢lwity's
aecounts as carried out u1¢r S¢cn 145 of the CIMrill Ath 2011 ('the 2011 Act.). tn witig out my
examinati I have followed the Dtytcti( given by the (tharity Com[rioll under section 145(5)(b) of the
2011 Act.
lttdependellt examjDer'$ gtstern¢nt
Since the Cornpany's gross Irne exceryjed £250.tMJ) YO examiller must be of a b(dy listed in
section 145 of the 2011 ACL I confirtn tIMt l arn 4Id to ththtake the exami0 because I am a member
of ACCA, which 15 one of the listed b(1¢
I have conJpl¢t¢d tny exam1ttI. l ¢smI th* Th) Jwtters have come to my gitention in connection Twlth the
examination givitig me cause to believe:
l. accounti rec( were noi k¢O in r&spttt of Blmlge Chapel &% required by section 386 of th¢ 2006 A¢
or
2. the accounts do with those rec(Yd&"
3. the accounts do not ccwly with th¢ 0¢¢(wtiti of section 396 of the 2006 Act other thw)
any requirement that the accowts giv¢ a'tsu¢ fair View which is a matttt Consider as W of
4. th¢ counts have not been prepared in acCOTd with the methods and prirKipks of the Ststetnent of
R¢nnded Prn¢ti¢e for accounting aThl retK)rtiDg by clwities [ar4)licable to chariries prepartng tbeir
avullts in accoAdan¢e with the FinatKial ReFKKtillg Ststtdard aN)Jicable in the UK attd Republic of
brlalld (FRS 102)].
I have DO wnc¢rns alld have com¢ #¢ross ntte[S ID co]Jne¢tith) with the exami1oll to which att¢n¢ion
should be drawn in this report in ord¢Tty ¢uabl¢ a pro uJyJ¢r5tsDding ofthe *counts be rea¢heiL
Nicky Corbett
ACCA
555 Smithdown Road
Liv¢rpool
Merseyside
L15 SAF
## **Bridge Chapel**
## **Statement of Financial Activities for the Year Ended 31 March 2022 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Income and Endowments from:**
Donations and legacies
3
Investment income
4
Total income
**Expenditure on:**
Charitable activities
5
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
12
**Note**
**Income and Endowments from:**
Donations and legacies
3
Investment income
4
Total income
**Expenditure on:**
Charitable activities
5
Total expenditure
Net expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
12|**Unrestricted**
**funds**
**£**
291,703
324
292,027
(284,372)
(284,372)
7,655
7,655
787,361
795,016
**Unrestricted**
**funds**
**£**
258,562
374
258,936
(265,125)
(265,125)
(6,189)
(6,189)
793,550
787,361|**Restricted**
**funds**
**£**
-
-
-
-
-
-
-
10,617
10,617
**Restricted**
**funds**
**£**
-
-
-
-
-
-
-
10,617
10,617|**Total**
**2022**
**£**
291,703
324|
|---|---|---|---|
||||292,027|
||||(284,372)|
||||(284,372)|
||||7,655|
||||7,655
797,978|
||||805,633|
||||**Total**
**2021**
**£**
258,562
374|
||||258,936|
||||(265,125)|
||||(265,125)|
||||(6,189)|
||||(6,189)
804,167|
||||797,978|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2021 is shown in note 12.
The notes on pages 10 to 16 form an integral part of these financial statements. Page 8
## **Bridge Chapel**
## **(Registration number: 7472282) Balance Sheet as at 31 March 2022**
|**Note**
**Fixed assets**
Tangible assets
9
**Current assets**
Cash at bank and in hand
10
**Creditors: Amounts falling due within one year**
11
**Net current assets**
**Net assets**
**Funds of the charity:**
**Restricted income funds**
Restricted funds
12
**Unrestricted income funds**
Unrestricted funds
**Total funds**
12|**2022**
**£**
402,942
403,844
(1,153)
402,691
805,633
10,617
795,016
805,633|**2021**
**£**
403,410
395,502
(934)|
|---|---|---|
|||394,568|
|||797,978|
|||10,617
787,361|
|||797,978|
For the financial year ending 31 March 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements on pages 8 to 16 were approved by the trustees, and authorised for issue on 22 December 2022 and signed on their behalf by:
......................................... Professor J Jarvis Trustee
The notes on pages 10 to 16 form an integral part of these financial statements. Page 9
## **Bridge Chapel**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## **1 Charity status**
The charity is limited by guarantee, incorporated in , 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 L19 4XR
These financial statements were authorised for issue by the trustees on 22 December 2022.
## **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 Chapel 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 Chapel**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## _**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.
## _**Grants receivable**_
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
## _**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.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## _**Grant provisions**_
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.
## **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.
## **Government grants**
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
Page 11
## **Bridge Chapel**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## **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 £500.00 or more are initially recorded at cost.
## **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:
**Asset class** Office equipment
**Depreciation method and rate** 25% reducing balance basis
## **Trade creditors**
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
## **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
Gift aid reclaimed
Grants, including capital grants;
Government grants
**Total for 2022**
**Total for 2021**|**Unrestricted**
**funds**
**General**
**£**
241,374
48,063
2,266
291,703
258,562|**Total**
**funds**
**£**
241,374
48,063
2,266|
|---|---|---|
|||291,703|
|||258,562|
Page 12
## **Bridge Chapel**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## **4 Investment income**
|Interest receivable and similar income;
Interest receivable on bank deposits
**Total for 2022**
**Total for 2021**
**5**
**Expenditure on charitable activities**
**Note**
Grant funding of activities
Staff costs
Allocated support costs
**Total for 2022**
**Total for 2021**|**Unrestricted**
**funds**
**General**
**£**
324
324
374
**Unrestricted**
**funds**
**General**
**£**
66,355
142,491
75,526
284,372
265,125|**Total**
**funds**
**£**
324|
|---|---|---|
|||324|
|||374|
|||**Total**
**funds**
**£**
66,355
142,491
75,526|
|||284,372|
|||265,125|
## **6 Net incoming/outgoing resources**
Net incoming/(outgoing) resources for the year include:
|Other non-audit services
Depreciation of fixed assets
Repairs & Maintenance
Office expenses
Travel and subsistence
Legal and professional fees
Bank charges|**2022**
**£**
(8,397)
(469)
(1,131)
(31,279)
(14,676)
(19,333)
(240)|**2021**
**£**
(7,973)
(625)
(26,333)
(37,222)
(471)
(354)
(74)|
|---|---|---|
Page 13
## **Bridge Chapel**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## **7 Staff costs**
The aggregate payroll costs were as follows:
|**Staff costs during the year were:**
Wages and salaries|**2022**
**£**
142,491|**2021**
**£**
111,900|
|---|---|---|
No employee received emoluments of more than £60,000 during the year.
## **8 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **9 Tangible fixed assets**
|**Cost**
At 1 April 2021
At 31 March 2022
**Depreciation**
At 1 April 2021
Charge for the year
At 31 March 2022
**Net book value**
At 31 March 2022
At 31 March 2021
**10 Cash and cash equivalents**
Cash on hand
Cash at bank
**11 Creditors: amounts falling due within one year**
Trade creditors|**Land and**
**buildings**
**£**
401,536||**Furniture and**
**equipment**
**£**
84,169
84,169
82,295
468
82,763
1,406
1,874
**2022**
**£**
-
403,844
403,844
**2022**
**£**
1,153|**Furniture and**
**equipment**
**£**
84,169
84,169
82,295
468
82,763
1,406
1,874
**2022**
**£**
-
403,844
403,844
**2022**
**£**
1,153|**Total**
**£**
485,705
485,705
82,295
468
82,763
402,942
403,410
**2021**
**£**
1
395,501|
|---|---|---|---|---|---|
||401,536||84,169|||
||-
-||82,295
468|||
||-||82,763|||
||401,536||1,406|||
||401,536||1,874|||
||||**2022**
**£**
-
403,844
403,844
**2022**
**£**
1,153|||
||||||395,502|
||||||**2021**
**£**
934|
Page 14
## **Bridge Chapel**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
|**12 Funds**
**Unrestricted funds**
**_General_**
General
**Restricted funds**
Crafts for Christ
Bridge Kids
**Total restricted funds**
**Total funds**
**Unrestricted funds**
**_General_**
General
**Restricted**
Crafts for Christ
Bridge Kids
**Total restricted funds**
**Total funds**|**Balance at 1**
**April 2021**
**£**
787,361
1,702
8,915
10,617
797,978
**Balance at 1**
**April 2020**
**£**
793,550
1,702
8,915
10,617
804,167|**Incoming**
**resources**
**£**
292,027
-
-
-
292,027
**Incoming**
**resources**
**£**
258,936
-
-
-
258,936|**Resources**
**expended**
**£**
(284,372)
-
-
-
(284,372)
**Resources**
**expended**
**£**
(265,125)
-
-
-
(265,125)|**Balance at 31**
**March 2022**
**£**
795,016
1,702
8,915|
|---|---|---|---|---|
|||||10,617|
|||||805,633|
|||||**Balance at 31**
**March 2021**
**£**
787,361
1,702
8,915|
|||||10,617|
|||||797,978|
Page 15
## **Bridge Chapel**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## **13 Analysis of net assets between funds**
|**13 Analysis of net assets between funds**||||
|---|---|---|---|
|Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets|**Unrestricted**
**funds**
**General**
**£**
402,942
393,227
(1,153)
795,016
**Unrestricted**
**funds**
**General**
**£**
403,410
384,885
(934)
787,361|**Restricted**
**funds**
**£**
-
10,617
-
10,617
**Restricted**
**funds**
**£**
-
10,617
-
10,617|**Total funds at**
**31 March**
**2022**
**£**
402,942
403,844
(1,153)|
||||805,633|
||||**Total funds at**
**31 March**
**2021**
**£**
403,410
395,502
(934)|
||||797,978|
Page 16