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2022-03-31-accounts

The Bridge Battersea

Report and Accounts

For the Year Ended 31 March 2022

Registered Company Number 07539965 (England and Wales)

Registered Charity Number 1147543

THE BRIDGE BATTERSEA

FOR THE YEAR ENDED 31 MARCH 2022

COMPANY INFORMATION

Directors / trustees

Zhanzhan He Sarah Dowding Rev. Jason Roach

Company Secretary

Andrew Campbell

Key staff

Rev. Jason Roach (senior pastor until 31 August 2021) Thomas Dowding (associate pastor until 31 August 2021 and then senior pastor)

Governing Document

Memorandum and Articles of Association dated 16 February 2011

Company Registration Number

07539965

Charity Registration Number

Registered Office

1147543 33 Goulden House Bullen Street London SW11 3HG

Independent Examiner

Ajay Rajani FCIE Stewardship 1 Lamb's Passage London EC1Y 8AB

Bankers

HSBC

Clapham Junction London SW11

Contents Page
Company Information 1
Directors' Report 2-5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Accounts 9-13
Detailed Statement of Financial Activities with Comparatives 14

Page 1

THE BRIDGE BATTERSEA

REPORT OF THE DIRECTORS FOR YEAR ENDED 31[ST] MARCH 2022

The directors, who are the trustees for the purposes of charity law, present their report with the financial statements of the charitable company for the year ended 31st March 2022.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The charity is a company limited by guarantee, as defined in the Companies Act 2006, and is governed by its Memorandum and Articles of Association.

Recruitment and appointment of new directors

Existing directors invite new suitably qualified directors to join the board as and when required. No new directors have been appointed since 31 March 2021

Risk management

The directors have a duty to identify and review the risks to which the charity is exposed and, where possible, they take appropriate measures to mitigate those risks.

Employment Policy and Remuneration:

At the year end the charity employed three members of staff with two staff changes during 2021:

Mr Tom Dowding (since November 2017) Mr Viv Campbell (since September 2018) Miss Rachel Michell (February 2019 - January 2021) Miss Margot Knight (February 2021 - October 2021) Mrs Rachel Roach (since March 2022)

The directors do not receive remuneration from the charity, although the spouses of two of the directors receive benefits as employees of the church. The appointment of these employees was agreed in each case by the majority of directors who did not benefit from the employment of the person in question. Directors are allowed to submit expense claims for expenditure incurred directly on behalf of The Bridge Battersea for any of its charitable activities.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity was established to advance the Christian faith by means of Bible teaching and outreach programmes in Battersea, and to provide support to those engaged in advancing the Christian faith in other parts of the United Kingdom and abroad.

Public benefit

The directors have considered the Charity Commissions' guidance on public benefit and, in particular, the specific guidance in relation to charities for the advancement of religion and are satisfied that the activities of The Bridge Battersea fall within such guidance.

Page 2

REPORT OF THE DIRECTORS FOR YEAR ENDED 31[ST] MARCH 2022 continued

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The Bridge Battersea operates as a Christian Community Centre in Battersea, undertaking a number of charitable activities.

The Bridge Battersea invites willing individuals (primarily residents of Battersea) to meet every Sunday for a Christian service, with separate adult and children’s programmes. It advertises this event on its website, through carrying out questionnaires in the locality, and prominently through all the events referred to below.

In addition to the above, The Bridge Battersea holds various community outreach groups and events during the week (in midweek evenings and afternoons) to study the Bible, pray and have social time together. This is advertised at the main Sunday event and through publicity by email, social media, posters and text message alerts.

Community outreach activities undertaken by The Bridge Battersea include:

Some of our regular activities were paused during the Covid pandemic and have now ceased following a review due to the reduction in available staff

Page 3

REPORT OF THE DIRECTORS FOR YEAR ENDED 31[ST] MARCH 2022 continued

Charitable activities continued

The Bridge Battersea is also committed to supporting individuals volunteering or training to serve in Christian ministry. The Bridge Battersea makes charitable donations towards the living costs and training of Christians undergoing a period of Christian ministry training or volunteering.

In 2021 the charity continued to review measures (in line with government advice and legislation) to help contain the nationwide outbreak of COVID-19. However we were able to resume many activities including physical gatherings in the London City Mission building while continuing to use on-line media. The trustees monitored income and expenditure closely.

Ministry to vulnerable youth did continue in modified formats with appropriate COVID precautions and risk assessments in place.

FINANCIAL REVIEW

Results for the year

During the year:

Reserves policy

The charity aims to maintain reserves equal to no less than three months' unrestricted expenditure, which equates to about £20,000, so that the charity could continue to operate should income and / or expenditure vary adversely. The charity ended the year with free reserves (which the charity defines as being unrestricted net current assets) of £74,143 and the charity is complying with its reserves policy. Some of the charity’s free reserves may need to be used to help meet the future cost of renting a permanent venue for the charity’s activities.

FUTURE DEVELOPMENTS

The Bridge Battersea will continue to exist and operate according to its aims and objectives, and seek to continue its charitable activities in the upcoming year.

In December 2020 London City Mission informed us of the imminent need to vacate 120 Battersea Bridge Road to allow developers to demolish and redevelop the site. Alternative sites were located for all ministries including Sunday services at Westbridge School and midweek activities at The Cooking Project (Ethelburga Estate).

The current expectation / arrangement is that we will be able to initially move back into the D1 space at the base of 120 Battersea Bridge Road once redevelopment is complete. However, the ongoing rental costs for this arrangement are still being negotiated.

Page 4

REPORT OF THE DIRECTORS FOR YEAR ENDED 31[ST] MARCH 2022 continued

DIRECTORS’ RESPONSIBILITIES UNDER COMPANY LAW

The Directors are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Directors to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the Directors are required to:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

  3. make judgements and estimates that are reasonable and prudent;

  4. state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

  5. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The Directors are responsible for keeping proper 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.

APPROVAL

This report, which has been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies, was approved by the trustees and signed on their behalf by:

Zhanzhan He

…………………………………………

Zhanzhan He – Director

Date: 11 December 2022

Page 5

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

THE BRIDGE BATTERSEA ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022 on pages 7 to 14 following, which have been prepared on the basis of the accounting policies set out on pages 9 and 10.

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.

Ajay Rajani

Ajay Rajani FCIE Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: 12 December 2022

Page 6

THE BRIDGE BATTERSEA

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2022

Note
INCOME AND ENDOWMENTS FROM:
Donations, grants and legacies
3
Charitable activities
Total income and endowments
EXPENDITURE ON:
Charitable activities:
4
Total expenditure
Net income/(expenditure)
Transfers between funds
11
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
11		 Unrestricted
Funds
£
78,913
-
78,913
75,381
75,381
3,532
-
3,532
70,611
74,143		 Restricted
Funds
£
50,240
-
50,240
43,279
43,279
6,960
-
6,960
20,926
27,886		 Total
Funds
2022
£
129,152
-
129,152
118,660
118,660
10,493
-
10,493
91,536
102,029		 Total
Funds
2021
£
143,392
-
143,392
131,834
131,834
11,557
-
11,557
79,979
91,536

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.

The notes on pages 9 to 14 form part of these accounts.

Page 7

THE BRIDGE BATTERSEA

BALANCE SHEET

FOR THE YEAR ENDED 31 MARCH 2022

Note
FIXED ASSETS
Tangible assets
7
CURRENT ASSETS
Debtors
8
Cash at bank and in hand
9
CREDITORS: Amounts falling
due within one year
10
TOTAL NET ASSETS
FUND BALANCES
11
Unrestricted Funds
Restricted Funds
NET CURRENT ASSETS		 Unrestricted
Funds
£
-
12,652
63,487
76,139
1,996
74,143
74,143
74,143
-
74,143		 Restricted
Funds
£
617
1,399
25,870
27,269
-
27,269
27,886
-
27,886
27,886		 Total
Funds
2022
£
617
14,051
89,357
103,408
1,996
101,412
102,029
74,143
27,886
102,029		 Total
Funds
2021
£
1,110
21,799
70,613
92,412
1,986
90,426
91,536
70,611
20,926
91,536

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements.

The directors (who are the charitable company's trustees for the purposes of charity law) acknowledge their responsibilities for:

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors and were signed on its behalf by:

Zhanzhan He

Date: 11 December 2022

Zhanzhan He - Director

Company number: 07539965

Charity number: 1147543

The notes on pages 9 to 14 form part of these accounts.

Page 8

THE BRIDGE BATTERSEA

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

1 Statutory Information

The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention.

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern

The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

b) Income

Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations, grants and legacies includes recoverable gift aid, which is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.

Facilities, goods and services donated for the charity's own use are recognised as income when receivable at their value to the charity. When donated goods, services and facilities are distributed or consumed, an expense in respect of those items is included in the Statement of Financial Activities. At the year end any goods that have not been distributed or consumed are recognised as stock; donated fixed assets are capitalised.

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

Income from charitable activities represents, principally, income from letting the church's facilities.

c) Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

d) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

e) Tangible fixed assets

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective equipment is depreciated on a straight line basis over 3 years.

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

Page 9

THE BRIDGE BATTERSEA

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

2 Accounting Policies continued

f) Leased assets

Leases which do not transfer substantially all the risks and rewards of ownership to the charity are classified as operating leases. Operating lease payments are recognised as an expense on a straight-line basis over the lease term (unless another systematic basis is more representative of use).

g) Pension scheme arrangements

The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

h) Taxation

The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

i) Financial instruments The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive).

j) Exemption from preparing a cashflow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

k) Critical accounting estimates and areas of judgement

The trustees do not consider that there any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.

3 Donations and legacies

Donations
Grants
Donations in kind
Income tax recoverable
Government Job Retention Scheme grants		 Unrestricted
Funds
£
50,173
16,621
-
12,119
-
78,913		 Restricted
Funds
£
37,696
1,300
10,000
1,244
-
50,240		 Total
2022
£
87,869
17,921
10,000
13,363
-
129,152		 Total
2021
£
86,916
13,667
25,000
13,471
4,338
143,392

Rev J Roach was seconded to the charity until 31 August 2021 and the value of his services to the charity was estimated at £10,000 (2021: £25,000); this income has been disclosed under the heading 'Donations in kind'.

4 Charitable expenditure

a
Costs incurred directly on specific activities
Staff costs
Donated services
note 4c
Rent for staff housing
Rent for venues for church meetings
Premises costs
Utilities
Church activities
Depreciation
Grants payable
note 4d
Administration
Small equipment
b
Costs incurred on support & administration
Governance: accounts preparation and independent examination
Administrator services
Bank charges
Total expenditure		 Unrestricted
Funds
£
41,240
-
1,300
12,545
2,779
3,314
2,535
-
-
5,070
17
68,801
1,590
4,904
86
6,580
75,381		 Restricted
Funds
£
31,174
10,000
-
-
-
-
955
493
450
126
-
43,198
-
-
81
81
43,279		 Total
2022
£
72,415
10,000
1,300
12,545
2,779
3,314
3,490
493
450
5,196
17
111,998
1,590
4,904
167
6,661
118,660		 Total
2021
£
74,661
25,000
-
13,000
2,959
2,466
3,753
370
-
3,412
30
125,651
1,560
4,470
153
6,183
131,834

Page 10

THE BRIDGE BATTERSEA

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

4 Charitable expenditure continued

In addition to the fee of £1,590 (2021: £1,560) charged in these accounts for the preparation and examination of the accounts, the charity paid £674 (2021: £623) to Stewardship for payroll bureau services.

c Donations in kind expensed in year

As disclosed in note 3 'Donations and legacies', Rev J Roach was seconded to the charity until 31 August 2021. The value of this donation to the charity was estimated at £10,000 (2021: £25,000).

d Grants payable

During the year, the charity made grants totalling £450 (2021: £nil) for the following purposes:

Institutions
Individuals
£
£
Grants for the relief of poverty
-
450
-
450
2022
£
Gross wages and salaries
68,285
Social security
2,115
Pension costs
2,015
72,415
ysis of staff costs, the cost of key management personnel and trustee remuneration and expenses		 2022
£
450
450
2021
£
70,429
2,083
2,149
74,661

5 Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses

The average monthly number of employees during the year was 2.75 (2021: 3). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

The charity's key management comprise the trustees and the key staff named on the Company Information page. During the year Thomas Dowding (who is closely related to a Sarah Dowding, a trustee) received employment benefits totalling £28,428 (2021: £25,750). The services of Rev J Roach, who is a member of key management, have been donated to the charity and his employment costs (which are borne by the Diocese of London, The Co-Mission Initiative and Christ Church Mayfair) are not included in this disclosure.

In addition the charity incurred expenditure totalling £1,300 (2021: £nil) in respect of the customary provision of accommodation to Thomas Dowding so that he could better perform his duties.

No trustees received employment benefits in either the current or preceding year.

6 Acting as agent

During the year the charity received grants on behalf of an individual involved with church planting elsewhere in London. This income was received as agent for this person and the income, and the related payments, are excluded from the Statement of Financial Activities. During the year the charity received grants totalling £3,000 (2021: £6,000) for this person and all of this money had been paid over to the individual concerned by the year end.

7 Tangible fixed assets

Cost
At 1 April 2021
Additions
At 31 March 2022
Accumulated depreciation
At 1 April 2021
Charge for the year
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021		 Equipment
£
1,480
-
1,480
370
493
863
617
1,110		 Total
2022
£
1,480
-
1,480
370
493
863
617
1,110

Page 11

THE BRIDGE BATTERSEA

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

8 Debtors

tors
Tax recoverable
Concessionary loans and other debtors
Accrued income
h at Bank and in Hand
Cash at bank with immediate access
itors: liabilities falling due within one year
Other creditors
Accruals		 2022
£
13,354
697
-
14,051
2022
£
89,357
2022
£
406
1,590
1,996		 2021
£
13,464
785
7,550
21,799
2021
£
70,613
2021
£
426
1,560
1,986

9 Cash at Bank and in Hand

10 Creditors: liabilities falling due within one year

11 Funds

During the year the movements in the charity's funds were as follows:

Restricted Funds
Ministry staff fund
RISE leadership scheme fund
Equipment fund
Relief fund
Youth fund
Unrestricted Funds
Aggregate of funds		 Opening
balance
2022
£
-
13,871
360
6,694
-
20,926
70,611
91,536		 Incoming
resources
2022
£
10,250
36,209
50
3,531
200
50,240
78,913
129,152		 Outgoing
resources
2022
£
(10,250)
(31,767)
(50)
(1,192)
(19)
(43,279)
(75,381)
(118,660)		 Transfers
in the year
2022
£
-
-
-
-
-
-
-
-		 Closing
balance
2022
£
-
18,313
360
9,033
181
27,886
74,143
102,029

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Fixed assets
Debtors
Cash at bank and in hand
Current liabilities		 Unrestricted
funds
£
-
12,652
63,487
(1,996)
74,143		 Restricted
funds
£
617
1,399
25,870
-
27,886		 2022
£
617
14,051
89,357
(1,996)
102,029

In the previous year the movements in the charity's funds were as follows:

Restricted Funds
Ministry staff fund
RISE leadership scheme fund
Equipment fund
Relief fund
Unrestricted Funds
Aggregate of funds		 Opening
balance
2021
£
-
10,277
360
3,525
14,162
65,817
79,979		 Incoming
resources
2021
£
29,750
37,212
-
4,270
71,232
72,160
143,392		 Outgoing
resources
2021
£
(29,750)
(33,311)
-
(91)
(63,152)
(68,682)
(131,834)		 Transfers
in the year
2021
£
-
(306)
-
(1,010)
(1,316)
1,316
-		 Closing
balance
2021
£
-
13,871
360
6,694
20,926
70,611
91,536

Page 12

THE BRIDGE BATTERSEA

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

11 Funds continued

Analysis of net assets by fund

In the previous year the assets and liabilities of the various funds were as follows:

Fixed assets
Debtors
Cash at bank and in hand
Current liabilities		 Unrestricted
funds
£
-
12,469
60,127
(1,986)
70,611		 Restricted
funds
£
1,110
9,330
10,486
-
20,926		 2021
£
1,110
21,799
70,613
(1,986)
91,536

The Ministry Staff fund represents an estimate of the value to the charity of seconded ministry staff and donations received to help employ ministry staff.

The RISE Leadership Academy fund was created by donations received to help nurture and develop the leadership potential of young African and Caribbean males.

The Equipment fund was created from donations received to help purchase equipment for use by the charity The Relief fund was created by donations received to help those in poverty.

The Youth fund fund was created by donations received to help fund youth work.

12 Operating lease commitments

During the year the landlord asked the charity to vacate the property it was renting on Battersea Bridge Road so that the property could be re-developed. The charity is exploring the option of returning to the builing once the re-development is complete but in the meantime no rent is payable. In the previous year the minimum amount payable in respect of this lease was as follows:

Within one year
Between one and five years
Payments falling due:		 2022
£
-
-
-		 2021
£
13,000
5,417
18,417

During the year the charity was charged £11,375 (2021: £13,000) for its operating lease.

13 Transactions with related parties

During the year the charity:

a) received donations totalling £19,510 (2021: £15,450) from related parties (which includes trustees, key management and anyone closely connected to them).

Except for reimbursements of expenses incurred (a) when acting as agent for the charity or (b) when undertaking employment duties not connected with serving as a trustee, no expenses (2021: £nil) were paid to, or for, the trustees.

Except as disclosed in note 5 'Analysis of staff costs', there have been no other transactions with related parties during the year.

14 Events since the year-end

Since the year end the charity and the landlord have formally agreed to vary the terms of the lease referred to in note 12 'Operating lease commitments'. In this agreement the landlord agreed to a make a gift of £70,000 to the charity. The gift has been given to help with the cost of alternative accommodation however there are no binding retrictions and the gift can be used for any of the charity's objects.

15 Members

Each member of the company commits to contribute if the charity is wound up an amount of £10.

Page 13

THE BRIDGE BATTERSEA

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 MARCH 2022

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
Total income and endowments
EXPENDITURE ON:
Charitable activities:
4
Total Expenditure
Net income/(expenditure)
Transfers between funds
11
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
11		 Unrestricted
Funds
2022
£
78,913
-
78,913
75,381
75,381
3,532
-
3,532
70,611
74,143		 Restricted
Funds
2022
£
50,240
-
50,240
43,279
43,279
6,960
-
6,960
20,926
27,886		 Total
Funds
2022
£
129,152
-
129,152
118,660
118,660
10,493
-
10,493
91,536
102,029		 Unrestricted
Funds
2021
£
72,160
-
72,160
68,682
68,682
3,478
1,316
4,794
65,817
70,611		 Restricted
Funds
2021
£
71,232
-
71,232
63,152
63,152
8,080
(1,316)
6,764
14,162
20,926		 Total
Funds
2021
£
143,392
-
143,392
131,834
131,834
11,557
-
11,557
79,979
91,536

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