## ## ## |||||Page|| |---|---|---|---|---|---| |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|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|Funds|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| |20|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|