Registered company number 09687513
Registered charity number 1172089
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Lifebridge Asend (A company limited by guarantee) Trustees' Report and Financial Statements
31 August 2023
Lifebridge Asend Report and accounts Contents
| Page | |
|---|---|
| Reference and administrative details | 1 |
| Trustees' report | 2 |
| Independent examiners' report | 12 |
| Statement of financial activities | 13 |
| Comparative statement of financial activities | 14 |
| Statement of financial position | 15 |
| Statement of cash flows | 16 |
| Notes to the financial statements | 17 |
Lifebridge Asend Reference and Administrative Details
Trustees
Susan Banister (resigned 2 May 2023) Caroline Dawson Gary Johnson Hannah Lane (appointed 7 June 2023)
Independent examiners
S.E.A Accountancy Limited Shaw House 1 Shaw Street Ashton-under-Lyne OL6 6QJ
Registered office
Rumworth School Armadale Road Ladybridge Bolton BL3 4TP
Registered company number
09687513
Registered charity number 1172089
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Lifebridge Asend Registered number: 09687513 Trustees' Report
The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report and financial statements of the charity for the year ended 31 August 2023.
The trustees have adopted the provisions of 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) (effective 1 January 2019).
Trustees' responsibilities
The trustees, who are also the directors 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Company and charity 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:
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select suitable accounting policies and then apply them consistently;
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● make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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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 adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the 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 company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Disclosure of information to independent examiner
Each person who was a Trustee at the time this report was approved confirms that:
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so far as he is aware, there is no relevant information of which the charity's independent examiner is unaware; and
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he has taken all the steps that he ought to have taken as a Trustee in order to make himself aware of any relevant information and to establish that the charity's independent examiner is aware of that information.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
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Trustees’ Annual Report for the period 1[st] September 2022 to 31[st] August 2023
From Period start date: 1[st] September 2022 To Period end date: 31[st] August 2023
Charity name: LifeBridge ASEND
Charity registration number: 1172089
Objectives and Activities
| SORP Reference |
||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | LifeBridge ASEND acts as a resource for young people with special educational needs and disabilities in Greater Manchester, South Lancashire and surrounding areas by providing support, educational, physical and other activities to improve their life chances and wellbeing. We respond to the changing needs of current and future learning, to maximise the potential of every individual who participates. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
As a Specialist Post-19 Institution, we provide educational, enrichment and vocational opportunities to young adults between the ages of 19 and 25 with special needs, remaining focused on their individual needs. LifeBridge ASEND also offers extended non-educational provision for young adults beyond the age of 25 up to 35. Our priority is to support young people with SEND to prepare themselves for adulthood, whilst working towards becoming more independent and ultimately gaining employment. The Post-19 offer we deliver at LifeBridge ASEND provides an ‘adult’ environment for those young people who want to work; the offer helps to increase their confidence and ability to perform successfully in the workplace, the local community and the wider society. Young adults with special educational needs can be isolated in their local community. LifeBridge supports young adults with learning disabilities to organise social activities for themselves within the wider community. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The trustees have regard to Charity Commission guidance and are clear that LifeBridge ASEND is beneficial to a sufficiently wide section of the public and is not run for any particular personal benefit or gain. Being mindful of the core purposes of the charity underpins all of the decision making processes, policies, |
3
practices and procedures undertaken by LifeBridge ASEND.
Additional information (optional)
You may choose to include further statements where relevant about:
| SORP Reference |
||
|---|---|---|
| Policy on grant making | Para 1.38 | Not applicable LifeBridge ASEND does not make any grants |
| Policy on social investment including program related investment |
Para 1.38 | Not applicable LifeBridge ASEND does not make any social investment |
| Contribution made by volunteers |
Para 1.38 | Not applicable LifeBridge ASEND does not have any volunteers |
| Other | Not applicable |
Achievements and Performance
| SORP Reference |
||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | The main achievements of LifeBridge ASEND during this year are: ●Graded ‘Good’ overall with ‘Outstanding’ Behaviours and Attitudes at the full Ofsted Inspection completed in June 2023 under part 8 of the Education and Inspections Act 2006. ●Continuing to provide education and wellbeing support for our young people and using capital investment to improve the premises as our long-term home to create an environment which is conducive to learning. ●Leaders are ambitious for learners who attend LifeBridge and 100% of leavers in July 2023 transitioned to a positive destination. ●LifeBridge Plus provides vital support for young adults with SEND and makes a big difference to their lives. Regular social opportunities were organised for our young adults to take part in meaningful activities, socialising with peers and being supported to increase resilience and independence. |
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● On the employability pathway, learners develop the skills that they need to progress into meaningful employment within the local community. A number of our young people undertake volunteering roles at charity shops, allotments, care homes and voluntary run cafes to make a contribution to society and feel a sense of self-worth and value. ● The independence curriculum is relevant to learners who need further support to develop the skills they need to increase their independence in their daily lives. ● Strengthened the staff team with tutors and support staff who have the appropriate skill set to support our objectives and vision for our young adults.
Additional information (optional)
You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | During this year, the main achievements of the young adults with learning disabilities who we work with, supported by our staff team, are: 37 young adults attended a full-time educational programme during the academic year. Learners achieved a range of accreditation including Functional Skills Maths & English (Entry Level 1 to Level 2), BTEC Work Skills and NCFE Awards. The delivery of the Duke of Edinburgh Award was very successful with: ✔6 young people achieving the Bronze Award ✔17 young people achieving the Silver Award ✔5 young people achieving the Gold Award 82.5% of leavers on the employability pathway were supported into either voluntary or paid employment as their next destination. 28.6% of leavers on the independence pathway secured a voluntary role as their next destination. We are continuing to improve and build on this percentage for young people on the independence pathway. 12 young people attended a residential experience over three nights which was a huge success. The young |
|---|---|---|
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| people experienced a range of activities including travelling by train and boat to areas in the Lake District. For some who had never experienced this before, this was an exciting new venture. Running a very popular Holiday Club open to both LifeBridge education and LifeBridge Plus attendees. The club was well attended and appreciated by both parents and carers and the young people who benefited from the opportunity to socialise with peers during non-term time. |
||
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | We continue to plan fundraising events to raise additional funds to enhance our provision. A sponsored walk is being planned for December 2023 for both LifeBridge education and LifeBridge Plus where it is anticipated we will raise funds to go towards the cost of a residential experience. |
| Investment performance against objectives |
Para 1.41 | LifeBridge ASEND does not make any investments. |
| Other | We received a donation of four family season tickets from BWFC, which enabled our families to attend with their young people and enjoy a sporting football event on a regular basis. Manchester football museum offered LifeBridge Plus an opportunity to attend the museum free of charge which was very well received. Carrs Pasties continue to supply free of charge pasties through their donations scheme. This has enabled us to provide hot meals for our young people. We hosted a community coffee morning and a football tournament which raised funds of £309.10 for Bolton Hospice. This enabled our young people to participate in supporting a worthwhile cause in the local community. |
Financial Review
| Review of the charity’s financial position at the end of the period |
Para 1.21 | We have included our full accounts for the year which have been independently examined externally. Our financial position remains extremely strong. We continue to meet the ESFA Health Check in order to operate & receive funding from the ESFA for our young adults on their full-time educational programmes. |
|---|---|---|
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| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | We are required by the ESFA to hold a significant contingency to cover our operational costs for a period of 3 months in the event of exceptional circumstances that might interrupt the normal flow of grant funding from central and local Government. We are also continuing to retain reserves in order to be able to make ongoing investment as capital works for our new premises. |
|---|---|---|
| Amount of reserves held | Para 1.22 | LifeBridge ASEND held reserves of £261,992 at the end of this year, of which £191,820 was restricted. |
| Reasons for holding zero reserves |
Para 1.22 | Not applicable |
| Details of fund materially in deficit |
Para 1.24 | Not applicable |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | Not applicable |
Additional information (optional)
You may choose to include further statements where relevant about:
The charity’s principal sources of funds (including Para 1.47 any fundraising) Investment policy and objectives including any Para 1.46 social investment policy adopted A description of the principal Para 1.46 risks facing the charity Other
Structure, Governance and Management
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
|---|---|---|
| The charity’s organisational structure and any wider |
Para 1.51 |
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network with which the charity works Relationship with any related Para 1.51 parties Other Description of charity’s trusts: Type of governing document Para 1.25 (trust deed, royal charter) How is the charity constituted? (e.g. unincorporated Para 1.25 association, CIO) Trustee selection methods including details of any constitutional provisions e.g. Para 1.25 election to post or name of any person or body entitled to appoint one or more trustees
Additional information (optional)
You may choose to include further statements where relevant about:
Reference and Administrative details
| Charity name | LifeBridge ASEND |
|---|---|
| Other name the charity uses | LifeBridge PLUS |
| Registered charity number | 1172089 |
| Charity’s principal address | Rumworth School Armadale Road Ladybridge Bolton BL3 4TP |
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Names of the charity trustees who manage the charity
| Trustee name | Office (if any) |
Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|
| Gary Johnson | Chair | Whole year | |
| Hannah Lane | 24/5/22 – 31/8/23 | ||
| Caroline Dawson | Whole year | ||
| Susan Banister | 1/8/22 to 2/5/23 |
Corporate trustees – names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
| Trustee name | Dates acted if not for whole year | |
|---|---|---|
| LifeBridge ASEND does not own any property |
||
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Funds held as custodian trustees on behalf of others
Description of the assets Not applicable held in this capacity Name and objects of the Not applicable charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements Not applicable for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
| Type of adviser Name Address |
Type of adviser Name Address |
Type of adviser Name Address |
|---|---|---|
| None |
Name of chief executive or names of senior staff members (Optional information)
Senior Staff Member: Jane Haslam (Principal of LifeBridge ASEND)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
None
Other optional information
None
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Declarations
The trustees declare that they have approved the trustees’ report above.
| Signature | |
| Full name | Gary Johnson |
| Position (e.g. Secretary, Chair, etc.) |
Chair of Trustees |
| Date | 26th April 2024 |
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Lifebridge Asend Independent examiner's report to the members of Lifebridge Asend
I report on the unaudited financial statements of Lifebridge Asend for the year ended 31 August 2023 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Cash Flow Statement and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
Responsibilities and basis of report
As the trustees of the charitable company (who are also the directors of the company 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 charitable company are not required to be audited for this year 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.
My examination was carried out in accordance with 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
I am qualified to undertake the examination, being a qualified member of the Institute of Chartered Accountants in England and Wales (ICAEW).
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 386 of the Companies Act 2006; and
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to prepare accounts which accord with the accounting records, comply with the accounting requirement 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 (FRS102)
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Stephanie Stevens
for and on behalf of S.E.A Accountancy Limited Independent examiner 26 April 2024
Shaw House 1 Shaw Street Ashton-under-Lyne Lancashire OL6 6QJ
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Lifebridge Asend
Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the year ended 31 August 2023
| Notes Unrestricted Restricted 2023 Total £ £ £ Donations and legacies 4 1,788 - 1,788 Charitable activities 5 153,121 700,191 853,312 Other income 7 638 - 638 Total income 155,547 700,191 855,738 Expenditure on: Raising funds 8 50 448 498 Charitable activities 9 149,834 655,665 805,499 Total expenditure 149,884 656,113 805,997 Net income 5,663 44,078 49,741 Transfers between funds 26 6,731 (6,731) - Net movement in funds 12,394 37,347 49,741 Total funds brought forward 21 57,778 154,473 212,251 Total funds carried forward 70,172 191,820 261,992 |
2022 Total £ 1,242 773,895 255 775,392 85 739,794 739,879 35,513 - 35,513 176,738 212,251 |
|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All activities derive from continuing operations.
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Lifebridge Asend
Comparative Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the year ended 31 August 2022
| Donations and legacies Charitable activities Other income Total income Expenditure on: Raising funds Charitable activities Total expenditure (Net expenditure)/net income Transfers between funds Net movement in funds Total funds brought forward Total funds carried forward |
Unrestricted Restricted 2022 Total 2021 Total £ £ £ £ 1,242 - 1,242 890 106,490 667,405 773,895 739,956 255 - 255 - 107,987 667,405 775,392 740,846 9 76 85 158 134,335 605,459 739,794 727,267 134,344 605,535 739,879 727,425 (26,357) 61,870 35,513 13,421 68,548 (68,548) - - 42,191 (6,678) 35,513 13,421 15,587 161,151 176,738 163,317 57,778 154,473 212,251 176,738 |
|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All activities derive from continuing operations.
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Lifebridge Asend Statement of Financial Position as at 31 August 2023
| Notes Fixed assets Tangible assets 15 Current assets Debtors 16 Cash at bank and in hand Creditors: amounts falling due within one year 17 Net current assets Net assets Funds Unrestricted funds General funds 21 Restricted funds 21 Total funds |
2023 £ 88,746 25,847 298,618 324,465 (151,219) 173,246 261,992 70,172 191,820 261,992 |
24,164 457,023 481,187 (360,235) |
2022 £ 91,299 120,952 212,251 57,778 154,473 212,251 |
|---|---|---|---|
The trustees (who are also the directors of the company for the 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 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
The trustees are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The trustees have acknowledged on the balance sheet as at 31 August 2023 their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Gary Johnson Trustee Approved by the board on 26 April 2024
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Lifebridge Asend Statement of Cash Flows for the year ended 31 August 2023
| Notes Operating activities Surplus for the financial year Adjustments for: Depreciation 15 Increase in debtors 16 (Decrease)/increase in creditors 17 Cash (used in)/generated by operating activities Investing activities Payments to acquire tangible fixed assets 15 Cash used in investing activities Net cash (used)/generated Cash (used in)/generated by operating activities Cash used in investing activities Net cash (used)/generated Cash and cash equivalents at 1 September 2022 Cash and cash equivalents at 31 August 2023 Cash and cash equivalents comprise: Cash at bank |
2023 £ 49,741 30,650 (1,683) (209,016) (130,308) (130,308) (28,097) (28,097) (130,308) (28,097) (158,405) 457,023 298,618 298,618 |
2022 £ 35,513 22,779 (7,142) 184,684 235,834 235,834 (86,349) (86,349) 235,834 (86,349) 149,485 307,538 457,023 457,023 |
|---|---|---|
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Lifebridge Asend Notes to the Accounts for the year ended 31 August 2023
1 Summary of significant accounting policies
Basis of preparation
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The charity 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 note(s).
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred.
For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably, and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.
Income received in advance of the provision of specified services it is deferred until the criteria for income recognition is met.
Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.
Allocation and apportionment of costs
Direct costs that are specifically related to an activity are allocated to that activity. Shared direct costs and support costs are apportioned between activities.
The basis for apportionment, which is consistently applied, and proportionate to the circumstances, is based on numbers of young people on the different pathways and also by proportional to income.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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Lifebridge Asend Notes to the Accounts for the year ended 31 August 2023
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Individual items over £100 are treated as capital for the purposes of these accounts. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years Fixtures and equipment over 4 years Motor vehicles over 3 years
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Creditors
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Legal status of the charity
The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per trustee of the charity.
2 Critical accounting estimates and judgements
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
| 3 Net income/ (expenditure) Net income/(expenditure) is stated after charging/(crediting): Depreciation of owned fixed assets Operating lease rentals - plant and machinery Independent examiners' remuneration for independent examination services Other accountancy services |
2023 £ 30,650 1,239 798 13,219 |
2022 £ 22,779 1,292 725 13,631 |
|---|---|---|
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Lifebridge Asend Notes to the Accounts
for the year ended 31 August 2023
| 4 Donations and legacies Donations 5 Charitable activities Grants Lifebridge Plus Grants received, included in the above, are a Bolton Metropolitan Borough Council Education and Skills Fund Agency Department for Education 6 Charitable activities - by activity Income Lifebridge Plus Grants Grants 7 Other income Other income 8 Raising funds Hospitality |
Unrestricted Restricted £ £ 1,788 - 1,788 - Unrestricted Restricted £ £ - 700,191 153,121 - 153,121 700,191 s follows: Activity Lifebridge Plus Independence Pathway Employability Pathway Unrestricted Restricted £ £ 638 - 638 - Unrestricted Restricted £ £ 50 448 50 448 |
Total 2023 £ 1,788 1,788 Total 2023 £ 700,191 153,121 853,312 Total 2023 £ 241,589 416,606 41,996 700,191 2023 £ 153,121 341,128 359,063 853,312 2023 £ 638 638 2023 £ 498 498 |
2022 £ 1,242 1,242 2022 £ 667,405 106,490 773,895 2022 £ 237,060 402,130 28,215 667,405 2022 £ 106,490 324,167 343,238 773,895 2022 £ 255 255 2022 £ 85 85 |
|---|---|---|---|
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Lifebridge Asend Notes to the Accounts for the year ended 31 August 2023
| 9 Charitable activities costs Accountancy Bank charges Cleaning Consulting Depreciation Educational expenditure Equipment expensed Hire of equipment Hygiene/ personal care Insurance IT software and consumables Legal expenses Lifebridge Plus costs Light and heat Management fees Other expenses Printing, postage and stationery Rates Repairs and maintenance Staff costs Staff training Subscriptions Telephone and internet Travel and subsistence 10 Charitable activities costs - by activity Lifebridge Plus Independence Pathway Employability Pathway 11 Support costs Lifebridge Plus Independence Pathway Employability Pathway |
Unrestricted £ 1,401 11 197 - 30,650 - 160 124 1 225 - 86 5,606 1,670 2,700 235 638 261 1,924 103,163 226 - 76 480 149,834 Direct costs £ 121,774 294,631 307,497 723,902 Premises costs £ 5,630 24,540 26,117 56,287 |
Restricted £ 12,616 97 1,773 3,173 - 7,918 1,438 1,115 8 2,026 1,537 767 - 15,034 24,300 2,551 5,736 2,352 32,795 528,439 2,036 4,946 691 4,317 655,665 Support costs (see note 11) £ 8,007 35,657 37,933 81,597 Admin costs (including admin staff) £ 890 4,634 4,916 10,440 |
2023 £ 14,017 108 1,970 3,173 30,650 7,918 1,598 1,239 9 2,251 1,537 853 5,606 16,704 27,000 2,786 6,374 2,613 34,719 631,602 2,262 4,946 767 4,797 805,499 Total 2023 £ 129,781 330,288 345,430 805,499 Governance £ 1,487 6,483 6,900 14,870 |
2022 £ 14,356 112 7,231 1,000 22,779 7,168 2,391 1,292 - 2,303 757 2,914 6,030 8,196 27,000 998 5,632 12,596 5,750 600,371 315 5,099 1,130 4,374 739,794 Total 2022 £ 120,561 300,505 318,728 739,794 Total 2023 £ 8,007 35,657 37,933 81,597 |
|---|---|---|---|---|
12 Trustees' remuneration and benefits
There were no trustees' remuneration or other benefits for the year ended 31 August 2023 (2022 : nil).
Trustees' expenses
No trustees' were paid expenses for the year ended 31 August 2023 (2022 : nil).
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Lifebridge Asend Notes to the Accounts
for the year ended 31 August 2023
| 13 Staff costs Wages and salaries |
Unrestricted £ 103,163 103,163 |
Restricted £ 528,439 528,439 |
Total 2023 £ 631,602 631,602 |
Total 2022 £ 600,371 600,371 |
|---|---|---|---|---|
Seconded and third party staff
The above staff are seconded from Rumworth School and as such are not directly employed by the charity.
14 Government grants
Income from government grants comprises of grants made by local authorities to fund projects in line with the charity's objectives. See 'income from charitable activities' for details of these funds and any restrictions over their use.
15 Tangible fixed assets
| Cost or valuation At 1 September 2022 Additions Disposals At 31 August 2023 Depreciation At 1 September 2022 Charge for the year On disposals At 31 August 2023 Carrying amount At 31 August 2023 At 31 August 2022 16 Debtors Trade debtors Prepayments Accrued income 17 Creditors: amounts falling due within one Trade creditors Accruals Deferred income |
Motor Vehicles At cost £ 37,782 - - 37,782 27,040 6,429 - 33,469 4,313 10,742 year |
Plant and machinery At cost £ 90,841 6,731 (120) 97,452 18,604 17,891 (120) 36,375 61,077 72,237 |
Fixtures and equipment At cost £ 12,816 21,366 (1,963) 32,219 4,496 6,330 (1,963) 8,863 23,356 8,320 2023 £ 5,950 19,897 - 25,847 2023 £ 23,847 81,110 46,262 151,219 |
Total £ 141,439 28,097 (2,083) 167,453 50,140 30,650 (2,083) 78,707 88,746 91,299 2022 £ 12,325 4,577 7,262 24,164 2022 £ 27,680 278,649 53,906 360,235 |
|---|---|---|---|---|
21
Lifebridge Asend Notes to the Accounts for the year ended 31 August 2023
18 Movement in deferred income
Income is deferred based on the service delivery of projects.
| Education and Skills Fund Agency 19 Movement in deferred income - prior year Education and Skills Fund Agency Bolton Metropolitan Borough Council 20 Analysis of net assets between funds Fixed assets Current assets Current liabilities 21 Movement in total funds Unrestricted funds General fund Total unrestricted funds Restricted funds Bolton Metropolitan Borough Council Education and Skills Fund Agency Department for Education Total restricted funds Total funds The movement in deferred income is below: |
2022 £ 53,908 53,908 2021 £ 51,904 2,186 54,090 Unrestricted £ 88,746 (6,047) (12,527) 70,172 At 1 September 2022 £ 57,778 57,778 59,507 94,966 - 154,473 212,251 |
Released £ (53,908) (53,908) Released £ (51,904) (2,186) (54,090) Restricted £ - 330,512 (138,692) 191,820 Net movement in funds £ 5,663 5,663 10,963 6,599 26,516 44,078 49,741 |
Deferred £ 46,262 46,262 Deferred £ 53,908 - 53,908 2023 £ 88,746 324,465 (151,219) 261,992 Transfers between funds £ 6,731 6,731 - - (6,731) (6,731) - |
2023 £ 46,262 46,262 2022 £ 53,908 - 53,908 2022 £ 91,299 481,187 (360,235) 212,251 At 31 August 2023 £ 70,172 70,172 70,470 101,565 19,785 191,820 261,992 |
|---|---|---|---|---|
22 Purpose of funds
Unrestricted funds
Bolton Metropolitan Borough Council Education and Skills Fund Agency Department for Education
These funds are held for meeting the objectives of the charity and to provide reserves for future activities. Subject to charity legislation, they are free from all restrictions on their use.
Educational funding. Educational funding.
Capital expenditure such as buildings, vehicles or equipment.
22
Lifebridge Asend Notes to the Accounts for the year ended 31 August 2023
| 23 Net movement in funds General fund Total unrestricted funds Bolton Metropolitan Borough Council Education and Skills Fund Agency Department for Education Total restricted funds Total funds 24 Comparative movement in total funds Unrestricted funds General fund Total unrestricted funds Restricted funds Bolton Metropolitan Borough Council Education and Skills Fund Agency Department for Education Total restricted funds Total funds 25 Comparative net movement in funds Unrestricted funds General fund Bolton Metropolitan Borough Council Education and Skills Fund Agency Department for Education Total funds 26 Transfers between funds From fund Department for Education |
At 1 September 2021 £ 15,587 15,587 40,438 80,380 40,333 161,151 176,738 To fund Unrestricted |
Incoming resources Resources expensed Movement in funds £ £ £ 155,547 (149,884) 5,663 155,547 (149,884) 5,663 241,589 (230,626) 10,963 416,606 (410,007) 6,599 41,996 (15,480) 26,516 700,191 (656,113) 44,078 855,738 (805,997) 49,741 Net movement in funds Transfers between funds At 31 August 2022 £ £ £ (26,357) 68,548 57,778 (26,357) 68,548 57,778 19,069 - 59,507 14,586 - 94,966 28,215 (68,548) - 61,870 (68,548) 154,473 35,513 - 212,251 Incoming resources Resources expensed Movement in funds £ £ £ 107,987 (134,344) (26,357) 107,987 (134,344) (26,357) 237,060 (217,991) 19,069 402,130 (387,544) 14,586 28,215 - 28,215 667,405 (605,535) 61,870 775,392 (739,879) 35,513 Reason Amount £ 6,731 6,731 Purchase of fixed assets with restricted funds, that no longer have any restriction over their use |
|---|---|---|
23
Lifebridge Asend Notes to the Accounts for the year ended 31 August 2023
27 Other financial commitments
Total future minimum lease payments under non-cancellable operating leases:
| Falling due: within one year within two to five years |
Land and buildings 2023 £ - - - |
Land and buildings 2022 £ - - - |
Other 2023 £ 1,176 - 1,176 |
Other 2022 £ 1,176 1,176 2,352 |
|---|---|---|---|---|
28 Related party transactions
The following Trustees were employed by Rumworth School during the year: Gary Johnson (Head - resigned 31/8/23) and Caroline Dawson (Deputy Head). Susan Banister (Trustee - resigned 2/5/23) was Chair of Governors for Rumworth School. The Principal of Lifebridge Asend (Jane Haslam) is also employed by Rumworth School.
Rumworth School and Lifebridge ASEND work closely together to enable both organisations to meet the requirements of Ofsted and maximise the outcomes of young people. Staff employed by Rumworth School are seconded to Lifebridge ASEND and their salary costs are recharged. A management fee is also charged for the provision of this service, which includes the payroll service, HR advice, support and administration, recruitment, occupational health and exam administration services.
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Amount recharged for staff costs | 631,602 | 600,371 |
| Management fee | 27,000 | 27,000 |
| Other charges | 1,391 | 902 |
| Outstanding balance at reporting date | 83,536 | 275,583 |
29 Presentation currency
The financial statements are presented in Sterling.
30 Legal form of entity and country of incorporation
Lifebridge Asend is a charitable company limited by guarantee and incorporated in England.
31 Principal place of operation
The address of the charity's principal place of operation and registered office is:
Rumworth School Armadale Road Ladybridge Bolton BL3 4TP
24
Lifebridge Asend Detailed Statement of Financial Activities for the year ended 31 August 2023
This schedule does not form part of the statutory accounts
| INCOME AND ENDOWMENTS Donations and legacies Donations Charitable activities Grants Lifebridge Plus Other income Other income Total income EXPENDITURE Raising funds Hospitality Charitable activities costs Accountancy Bank charges Cleaning Consulting Depreciation Educational expenditure Equipment expensed Hire of equipment Hygiene/ personal care Insurance IT software and consumables Legal expenses Lifebridge Plus costs Light and heat Management fees Other expenses Printing, postage and stationery Rates Repairs and maintenance Staff costs Staff training Subscriptions Telephone and internet Travel and subsistence Total expenditure Net income |
Unrestricted £ 1,788 - 153,121 153,121 638 155,547 50 1,401 11 197 - 30,650 - 160 124 1 225 - 86 5,606 1,670 2,700 235 638 261 1,924 103,163 226 - 76 480 149,834 149,884 5,663 |
Restricted £ - 700,191 - 700,191 - 700,191 448 12,616 97 1,773 3,173 - 7,918 1,438 1,115 8 2,026 1,537 767 - 15,034 24,300 2,551 5,736 2,352 32,795 528,439 2,036 4,946 691 4,317 655,665 656,113 44,078 |
Total 2023 £ 1,788 700,191 153,121 853,312 638 855,738 498 14,017 108 1,970 3,173 30,650 7,918 1,598 1,239 9 2,251 1,537 853 5,606 16,704 27,000 2,786 6,374 2,613 34,719 631,602 2,262 4,946 767 4,797 805,499 805,997 49,741 |
Total 2022 £ 1,242 667,405 106,490 773,895 255 775,392 85 14,356 112 7,231 1,000 22,779 7,168 2,391 1,292 - 2,303 757 2,914 6,030 8,196 27,000 998 5,632 12,596 5,750 600,371 315 5,099 1,130 4,374 739,794 739,879 35,513 |
|---|---|---|---|---|
25