2021-02-28-accounts - Bridge-It Housing UK Team Ltd

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.


Charity information
Accountants' report
Independent	Auditors'	Report
Funds Statements:-
Statement	of Financial	Activities		7
Statement	of Financial	Activities	- Pnor Year statement	7
Movements	in funds			10
Revaluation	reserves			10
income and	Expenditure	account
Balance sheet				12
Notes to the	accounts			13

Statement of Fin	anc	ial A	ctivities	for the	year en	ded 28 Febru	ary 2021
			Scnp	Current Unrestricted	year Funds	Current year Restricted	Current year Total Funds	prici' Year Total Funds
						Funds
				202t f		2021 f	2021 f		2020 f
income tt Endowments		from:
Charitable activities			A2	5,950,759			5,950,759		3,787, 176
Expenditure on:
Charitable activities			B2	5,352,343			5,352,343			3	356485
Total expenditure			8	5,352,343			5,352,343			3,356,485
Net income for the	year				598,416		598,416				430,691
Net income after transfers			A-B-C		598,416		598,416				430,691
Net movement in funds					598,416		598,416				430,691
Reconciliation offunds:-			E
Total funds brought	forward				763,145		763,145				332,454
Total funds carried	forward			1,361,561			1,361,561				763,'145

Bridge-It Housing UK Team Limited -	Resources applied	in the year ended 28	February
2021 towards fixed assets for Charity	use:-	2021	2020
		2	6
Funds generated in the year as detailed in the SOFA Resources applied on functional lixed assets		596,416 (377,633)	430,691
Net resources available to fund charitable	activities	220,763	430,691

Income and Expenditure A Companies Act 2006	cco	un	t for	the	year ended 28 Fe	bruary	as qu	y
							2021	2020
								2
Income
							5,950,759	3,787,176
Income from operations
Investment income
Gross income in the year betore	exceptional			items			5,950,759	3,787,176
Gross income in the year including		exceptional			items		5,950,759	3,787,176
Expenditure
Chantable expenditure, excluding	depreciation			and amortisation			5,318,754 10,808	3,345,897 7,010
Depreciation and amortisation							22,781	3,578
Governance costs Realised losses on disposals of	social		investments		which are programme	rel;
Total expenditure in the year							5,352,343	3,356,485
Net income before tax in the financial			year				598,416	430,691
Tax on surplus on ordinary activities
Net income after tax in the financial			year				598,416	430,691
Retained surplus for the financial			year				598,416	430,691
All activities derive from continuing			operations

					SORP
			Note		Ref	202'I		2020
Fixed assets					A
Tangible assets				6	A2	523,647		156,822
Current assets					8
Debtors Cash at bank and	in	hand	7		B2 84	274,209 684,080	485,415 167,693
Total current assets						958,289	653,108
Creditors: amounts one year		falling due within			C1 ~37 )
Net current assets						837,914		606,323
The total net assets		ofthe charity
						1,361,561		763,145
The total net assets		of the charity are	funded	by the funds		ofthe charity, as follows:-
Restricted funds
Unrestricted Funds						1,361,561		763,145
Designated Funds
Total charity funds						1,361,56'I		763,145

bftaxinthe	financi	alyear
Net surplus eore				2021	2020
					2
The net surplus before tax in the financial		year is stated after charging:-
Depreciation of owned fixed assets Pension costs				10,808 31,421	7,010 20,173
Staff costs and emoluments
				2021	2020
Salary costs				8
Gross Salaries excluding trustees Employer's National Insurance for Employer's contnbution to defined	and key all staff benefit	management personnel pension schemes		1,467,796 107,491 31,421	899,341 56,774 20,173
Total salaries, wages and related costs				1,606,708	976,288
Numbers oi full time employees	or full	time equivalents		2021	2020
The average number of total staff	employed in the year was			99	75
The average number of part time staff employed in the year was The average number of full time staff employed in the year was The estimated full time equivalent number of all staff employed			in the year was	5 94 99	2 73 75

Engaged on charitable activities Engaged on publicity activities Engaged on iundraising activities Engaged on management and administrattcn	84 2 5 8	72 1 1 1
The estimated full time equivalent number ofeff staff employed as above	99	75

		Land and	Plant &	Motor
		Buildings	Machinery	Vehicles	Total
	Cost
	At 1 March 2020 Additions	124,906 377,633	55,574	3,825	184,305 377,633
	At 28 February 2021	502,539	55,574	3,825	561,938
	Depreciation
	At 1 March 2020 Charge for the year	6,245 5,025	18,005 5,635	3,233 148	27,483 10,808
	At 28 February 2021	11,270	23640	3,381	38,291
	Net book value
	At 28 February 2021	491,269	31,934	444	523647
	At 29 February 2020	118,661	37,569	592	156,822
7	Debtors
				2021	2020
	Trade debtors			2 274,209	2 485,415

Bridge-It Housing UK T	eam Limited
Notes to the Accounts for 8 Creditors: amounts falling	the year ended 28 February 2021 due within one year	2021 8	2020 6
Trade creditors		120,375	46,785
9 Income and Expenditure	account summary	2021 2	2020
At 1 March 2020 Surplus after lax for the year		763,145 598,416	332,454 430,691
At 28 February 2021		1,361,561	763,145

At28February 2021	At28February 2021	Unrestricted	Designated	Restricted	Total
		fuild»	funds	funds	Funds
		2	2	2	2
Tangible Fixed Assets Investments at vsluationh		523,647			523,647
Current Current	Assets Liabilities	958,289 (I20,375)			958,289 (120375)
		1,361,561			1,361,561
At 1 March 2020		Unrestricted	Designated	Restricted	Total
		funds	funds	funds	Funds
		2	2	2	2
Tangible Fixed Assets Investments at valuation:-		156,822			156,822
Current Current	Assets Liabilities	653,108 (46,785)			653,108 (46,785)
		763,145			763,145

Change	in	total	fu	nds o	ve	r the	year as shown in Note 10,analys	year as shown in Note 10,analys	ed by indiv	idu	al fu	nds
							Funds brought		Movement	fn			Funds
							forward from		funds in 2021		Transfers		carried
								2020			between		forward ic
											funds	Ih 2021	2022
									See Note 12		See Note 0
									2			2
Unrestricted		snd designated				funds:-
Unrestricted		Revenue		Funds				763,145	598,416				1,361,561
Total unrestricted			and designated				funds	763,145	598,416				1 361,561
Total charity		funds						763,145	598,416				1,361,561
Analysis	of movements				in	funds over the year as shown		in Note	11
											Other
							Income		Expenditure		Gains &		Movement
											Losses		In fuiids
								2021	2021		2021		2021
Unrestricted		end designated				funds:-			2			2	2
Unrestricted		Revenue		Funds			5,950,759		(5,352,343)				598,416
								3	~3»				598,416

Income from	c	haritable activities - T	rading Activities
			Current year Unrestricted	Current Restricted	year Funds	Current year Total Funds	Prior Year Total Funds
			Funds
			2021	2021		2021	2020
			2	2		2	2
Primary purpose		snd ancillary trading
Rental payments		received	5,855,246			5,855,246	3,787,176
Other operating	income		95,513			95,513
Total Primary purpose and ancillary			5,950,759			5,950,759	3,787,176
trading

Total Income from ch	aritab	le activi	ties
				Current year	Current	year	Current year	Prior Year
				Unrestricted	Restricted	Funds	Total Funds	Total Funds
				Funds
					2			f
				2021	2021		2021	2020
Total income from charitable		trading		5,950,759			5,950,759	3,787,176
Total from charitable	activities		A2	5,950,759			5,950,759	3,787,176

15	Expenditure on	charitable	act	ivi	ties -C	haritable tradi	ng
						Current year	Current	year	Current year	Prior Year
						Unrestricted	Restricted	Funds	Total Funds	Total Funds
						Funds
						2021	2021		2021	2020
						2				2
	Direct Costs					2,838,01 8			2,838,018	1,644,602
	Gross wages and trading activities	salaries	- charitable			1,467,796			1,467,796	899,341
	Employers' Nl - charitable		trading			107,491			107,491	56,774
	activities
	Defined benefit pension costs- charitable trading activities Staff training Travel 8 subsistence					31,421 14,016 185,464			31,421 14,016 185,464	20,173 17,675 138,016
	Total charitable	trading costs			B2b	4,644,206			4,644,206	2,776,581
15	Support costs for charitable			activities		Current year	Current	year	Current year	Poor Year

		Unrestricted	Restricted	Total Funds	Total Funds
		Funds
		2021	2021	2021	2020
		E	E		E
Premises Expenses
Licence fees payable Light heat and power		367,593 49,059		367,593 49,059	346,799
Cleaning and waste management Premises repairs, renewals and		25,203 80,889		25,203 80,889	8,663 82,502
Property insurance		21,531		21,531	19,976
Administrative overheads
Telephone, fax and internet		13,171		13,171	17,643
Postage		4,158		4,158	112
Stationery and printing		46,979		48,979	44,240
Information and publications					532
Equipment expenses		5,213		5,213	1,712
Hire of equipment					4,327
Software licences and expenses		17,607		17,607	117
Advertising and marketing		15,745		15,745	11,145
Professional fees paid to	advisors other	than the auditor orexaminer
Legal fees		23,450		23,450	26,922
Financial costs
Bank charges		1,950		1,950	4,626
Depreciation & Amortisation	in total for	10,808		10,808	7,010
Support costs before reallocation		685,356		685,356	576,326
Total support costs		685,356		685,356	576,326

					Current year	Current	year	Current year	Prior	Year
					Unrestricted	Restricted	Funds	Total Funds	Total Funds
					Funds
					2021	2021		2021	2020
					E	E		E	E
	Independent	Examiner's		fees	22,781			22,781		3,578
	Total Governance		costs		22,781			22,781		3,578
18	Total Charitable		expenditure
					Current year	Current	year	Current year	Prior Year
					Unrestricted	Restricted	Funds	Total Funds	Total Funds
					Funds
					2021	2021		2021	2020
									E

Total Total Total	charitable trading costs support costs Governance costs	B2b B2d B2e	4,644,206 685,356 22,781	4,644,206 685,356 22,781	2,776,581 576,326 3,578
Total	charitable expenditure	B2	5,352,343	5,352,343	3,356,485

Activity analy	sis of Income and expendi	sis of Income and expendi	ture for the for the year	ended 28 February 2021
This analysis	is classsified by activity		and not by conventional	nominal descriptions.
19 Analysis	of income by activity
			SOFA ref	2021
				2
Activity
Income from charitable		activities
				5,950,759
Summary	of Total income, including		the items above
Charitable	activities			5,950,759
Categories	orincome
Income from exchange transactions				5,950,759

Analysis ofcharitable	expenditure	expenditure	expenditure	by activity
Activity
Summary ofcharitable	costs by
activity
				Direct costs	Support	Grant
					costs	funding	of	Total
						activities
				2021	2021	2021		2021
				2	8	2
Total Governance costs	as detailed		in
Note 17					22,781			22,781
A2. Primary purpose	and ancillary
trading directly attributable		to
activities								4,644,206
B3.Premises Expenses								544,275
B4.Administrative overheads								104,873
B5.Professional Fees								23,450
BS.Financial costs								12,758
Total charitable expenditure					22,781			5,352,343

				Governance	Governance	Finance	Human	Other
Actlvlty							Resources	Overheads
Independent	Examiners		costs	22,781
Governance	costs							Governance costs
								2021
Other Expenditure		-Governance		costs as detailed	in Note	17		22,781