Charity number: 1150859 Company number: 7992682
Personal Bridge
(A company limited by guarantee)
Trustees' report and financial statements
for the year ended 31 March 2021
Personal Bridge (A company limited by guarantee)
| Contents | Page |
|---|---|
Legal and administrative information |
1 |
| Trustees' report | 2-3 |
| Independent examiners' report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6-7 |
| Notes to the financial statements | 8-12 |
Personal Bridge (A company limited by guarantee)
Legal and administrative information
| Charity number | 1150859 |
|---|---|
| Company registration number | 7992682 |
| Business address | 22 Springdale Crescent |
| Bradford | |
| West Yorkshire | |
| BD10 9QR | |
| Registered office | 22 Springdale Crescent |
| Bradford | |
| West Yorkshire | |
| BD10 9QR | |
| Trustees | Wayne Richard Duncan |
| Lynne Duncan | |
| Anthony John Moreton | |
| Gordan Chell – Resigned 6 September 2020 | |
| Susan Chell – Resigned 6 September 2020 | |
| Jeremy Fennings – Appointed 15 March 2021 | |
| Secretary | Lynne D Duncan |
| Accountants | Bohorun & Co Ltd T/a Bohoruns |
| 6 Howley Park Business Village | |
| Pullan Way | |
| Leeds | |
| LS27 0BZ | |
| Bankers | Yorkshire Bank |
| 1 Penny Hill Centre | |
| Church Street | |
| Leeds | |
| LS10 2AP |
Page 1
Personal Bridge (A company limited by guarantee)
Report of the trustees (incorporating the directors' report) for the year ended 31 March 2021
The trustees present their report and the financial statements for the year ended 31 March 2021. The trustees, who are also directors of Personal Bridge for the purposes of company law and who served during the year and up to the date of this report are set out on page 1.
Structure, governance and management
Personal Bridge was established on 15 March 2012. Personal bridge is a charitable company incorporated on 15 March 2012, with company registration number 7992682 and a charity registration 1150859.
Risk Management
The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining reserves at the current levels will provide sufficient recourses in the invent of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have systems in place to mitigate the significant risks.
Objectives and activities
The aims and objectives of the charity are to support individuals in the United Kingdom, trapped in drugs and alcohol addiction, achieve freedom from their habits, and to work towards re-entry back into local community and restored relationships were possible. As well as to promote a transfer of character, by the introduction of a more positive way of thinking, and developing positive mental & physical work ethic, through various working opportunities. We also encourage and help develop practical life skills to enable individuals to make good, healthy decisions.
Achievements and performance
Our achievements have made significant differences to the lives of many individuals.
Financial review
The attached financial statements show the current state of finances, which the trustees consider to be sound, especially in light of the nature of our charity activities.
Page 2
Personal Bridge (A company limited by guarantee)
Report of the trustees (incorporating the directors' report) for the year ended 31 March 2021
Statement of trustees' responsibilities
The trustees (who are also directors of Personal Bridge for the purpose of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally 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 incoming resources and application of resources, including the 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 then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards 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 operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and which 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.
Small company provisions
This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
On behalf of the board
Lynne Duncan
Secretary
Page 3
Personal Bridge (A company limited by guarantee)
Independent examiner's report to the trustees on the unaudited financial statements of Personal Bridge.
I report on the accounts of Personal Bridge for the year ended 31 March 2021 set out on pages to 12.
Respective responsibilities of trustees and independent examiner
The charity's trustees (who are also the directors of the company for purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the Act), as amended by section 28 of the Charities Act 2006 and that an independent examination is needed. It is my responsibility to examine the accounts under section 43(3)(a) of the Act, as amended; to follow the procedures laid down in the General Directions given by the Charity Commission under section 43(7)(b) of the Act, as amended; and to state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
(i) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep proper accounting records in accordance with section 386 of the Companies Act 2006; and
-
to prepare accounts which accord with the accounting records, comply with the accounting requirements of
-
section 396 of the Companies Act 2006 and with the methods and principles of the Statement of
-
Recommended Practice: Accounting and Reporting by Charities
-
have not been met; or
-
-
(ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
...........................................................
D P Bohorun FCCA FCMI
Independent examiner
BOHORUNS 6 Howley Park Business Village Pullan Way Leeds LS27 0BZ
Page 4
Personal Bridge (A company limited by guarantee)
Statement of financial activities (incorporating the income and expenditure account)
For the year ended 31 March 2021
| Unrestricted funds Notes £ Incoming resources Incoming resources from generating funds: Investment income 2 4,474 Incoming resources from charitable activities 3 46,413 Other incoming resources 4 34,131 _ Total incoming resources 85,018 _ Resources expended Costs of generating funds: Cost of generating voluntary income 5 58,120 Governance costs 6 1,220 _ Total resources expended 59,340 _ Net incoming resources for the year / Net income for the year 25,678 Total funds brought forward 317,010 _ Total funds carried forward 342,688 _ |
2021 Total £ 4,474 46,413 34,131 _ 85,018 _ 58,120 1,220 _ 59,340 _ 25,678 317,010 _ 342,688 _ |
2020 Total £ 3,413 81,149 60,000 _ 144,562 _ 88,025 1,747 _ 89,772 _ 54,790 262,220 _ 317,010 _ |
|---|---|---|
The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
The notes on pages 8 to 12 form an integral part of these financial statements.
Page 5
Personal Bridge (A company limited by guarantee)
Balance sheet
as at 31 March 2021
| Notes Fixed assets Tangible assets 10 Current assets Stocks Cash at bank and in hand Prepayments & Accrued Income 11 Creditors: amounts falling due within one year 12 Net current assets Net assets Funds 13 Unrestricted income funds Total funds |
2021 £ £ 172,942 - 169,973 453 _ 170,426 (680) _ 169,746 _ 342,688 _ 342,688 _ 342,688 _ |
2020 £ £ 85,423 2,000 170,287 60,000 _ 232,287 (700) _ 231,587 _ 317,010 _ 317,010 _ 317,010 _ |
|---|---|---|
The Balance Sheet continues on the following page.
The notes on pages 8 to 12 form an integral part of these financial statements.
Page 6
Personal Bridge (A company limited by guarantee)
Balance sheet (continued)
Trustees statements required by the Companies Act 2006 for the year ended 31 March 2021
In approving these financial statements as trustees of the company we hereby confirm:
(a) that for the year stated above the company was entitled to the exemption conferred by section 477 of the Companies Act 2006 ;
(b) that no notice has been deposited at the registered office of the company pursuant to section 476 of the Companies Act 2006 requesting that an audit be conducted for the year ended 31 March 2021.
(c) that we acknowledge our responsibilities for:
(1) ensuring that the company keeps proper accounting records which comply with section 386 of the Companies Act 2006, and
(2) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the year then ended in accordance with the requirements of sections 394 and 395, and which otherwise comply with the provisions of the Companies Act relating to financial statements, so far as applicable to the company.
These financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
The financial statements were approved by the board on 11[th] March 2022 and signed on its behalf by
Lynne Duncan Director
The notes on pages 8 to 12 form an integral part of these financial statements.
Page 7
Personal Bridge (A company limited by guarantee)
Notes to financial statements
for the year ended 31 March 2021
1. Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
1.1. Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005) and the Companies Act 2006.
1.2. Cashflow
The charity has taken advantage of the exemption in FRS1 from the requirement to produce a cashflow statement because it is a small charity.
1.3. Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Grants, including grants for the purchase of fixed assets, are recognised in full in the statement of financial activities in the year in which they are receivable.
Income from investments is included in the year in which it is receivable.
1.4. Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop.
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.
1.5. Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 25% reducing balance Fixtures, fittings and equipment - 25% reducing balance Motor vehicles - 25% straight line
1.6. Stock
Stock is valued at the lower of cost and net realisable value.
Page 8
Personal Bridge (A company limited by guarantee)
Notes to financial statements for the year ended 31 March 2021
| 2. Investment income Unrestricted funds £ Bank interest receivable 205 Other investment income 4,269 _ 4,474 _ 3. Incoming resources from charitable activities Unrestricted funds £ Voluntary income generated 32,778 Donations 13,635 _ 46,413 _ 4. Other incoming resources Unrestricted funds £ Covid Grants & JRS Claims 34,131 _ 34,131 _ 5. Cost of generating voluntary income Unrestricted funds £ Training & social inclusion 58,120 _ 58,120 _ |
2021 Total £ 205 4,269 _ 4,474 _ 2021 Total £ 32,778 13,635 _ 46,413 _ 2021 Total £ 34,131 _ 34,131 _ 2021 Total £ 58,120 _ 58,120 _ |
2020 Total £ 1,480 1,933 _ 3,413 _ 2020 Total £ 79,634 1,515 _ 81,149 _ 2020 Total £ 60,000 _ 60,000 _ 2020 Total £ 88,025 _ 88,025 _ |
|---|---|---|
Page 9
Personal Bridge (A company limited by guarantee)
Notes to financial statements
for the year ended 31 March 2021
6. Governance costs
| Unrestricted funds £ Accountancy fees 680 Bookkeeping 480 Legal fees 60 Subscriptions - Staff Entertaining - _ 1,220 _ 7. Net (outgoing)/incoming resources for the year Net (outgoing)/incoming resources is stated after charging: Depreciation and other amounts written off tangible fixed assets |
__ |
2021 Total £ 680 480 60 - - _ 1,220 2021 £ 2,475 ____ |
2020 Total £ 680 288 487 26 266 _ 1,747 _ 2020 £ 3,299 _____ |
|---|---|---|---|
| __ | |||
__ |
| 8. Employees Employment costs Wages and salaries |
2021 £ 11,494 _ 11,494 _ |
2020 £ 32,064 _ |
|---|---|---|
| 32,064 _ |
No employee received emoluments of more than £60,000 (2019: None).
The average monthly numbers of employees (including the trustees) during the year, calculated on the basis of full time equivalents, was as follows:
| Employees | 2021 Number 3 _ |
2020 Number 4 _ |
|---|---|---|
Page 10
Personal Bridge (A company limited by guarantee)
Notes to financial statements for the year ended 31 March 2021
9. Taxation
The charity's activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these accounts.
| Land and Fixtures, 10. Tangible fixed assets buildings Plant and fittings and freehold machinery equipment £ £ £ Cost At 1 April 2020 75,524 336 3,802 Additions 89,994 - - _ _ _ At 31 March 2021 165,518 336 3,802 _ _ _ Depreciation At 1 April 2020 - 290 3,546 Charge for the year - 12 64 _ _ _ At 31 March 2021 - 302 3,610 _ _ _ Net book values At 31 March 2021 165,518 34 192 _ _ _ At 31 March 2020 75,524 46 256 _ _ _ 11. Debtors Prepayments and accrued income 12. Creditors: amounts falling due within one year Other taxes and social security Accruals and deferred income |
_ |
Motor vehicles £ 19,576 - _ 19,576 _ 9,979 2,399 _ 12,378 _ 7,198 _ 9,597 _ 2021 453 2021 £ - 680 __ 680 ____ |
Total £ 99,238 89,994 _ 189,232 _ 13,815 2,475 _ 16,290 _ 172,942 _ 85,423 _ 2020 60,000 |
|
|---|---|---|---|---|
2020 £ 20 680 _ 700 _ |
||||
| _ |
Page 11
Personal Bridge (A company limited by guarantee)
Notes to financial statements for the year ended 31 March 2021
13. Analysis of net assets between funds
| Analysis of net assets between funds | |
|---|---|
| Unrestricted Funds £ Fund balances at 31 March 2021 as represented by: Tangible fixed assets 172,942 Current assets 170,426 Current liabilities (680) _ 342,688 _ |
Total funds £ 172,942 170,542 (796) _ |
| 342,688 _ |
14. Unrestricted funds General Funds |
At At 1 April Incoming Outgoing 31 March 2020 resources resources 2021 £ £ £ £ 317,010 85,018 (59,340) 342,688 _ _ _ _ |
|---|---|
15. Company limited by guarantee
Personal Bridge is a company limited by guarantee and accordingly does not have a share capital.
Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
Page 12