Registered company number 09687513
Registered charity number 1172089
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
1
**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:
- select suitable accounting policies and then apply them consistently;
- ● 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;
- 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:
- so far as he is aware, there is no relevant information of which the charity's independent examiner is unaware; and
- 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.
2
**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.|
4
● 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|
|---|---|---|
5
|||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.|
|---|---|---|
6
|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**||
7
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|
8
## **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|||
||||
9
## **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
10
## **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**|
11
**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:
- (1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep 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 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
12
## **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.
13
## **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.
14
## **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
15
## **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|
|---|---|---|
16
**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.
17
## **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|
|---|---|---|
18
## **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|
|---|---|---|---|
19
## **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).
20
## **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