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2023-07-30-accounts

Charity Registration No. 1192169

MY BRIDGE INTERNATIONAL UK

Annual Report and accounts

30st October 2023

MY BRIDGE INTERNATIONAL UK Report and financial statements 2023

Contents Page
Officers and professional advisers 1
Statement of Trustee's responsibilities 2
Trustee's Report 3
Independent Examinar's report 4
Income and expenditure 6
Balance sheet 8
Notes to the financial statements 8

MY BRIDGE INTERNATIONAL UK Annual Report and Accounts 2023

Officers and professional advisers

Trustees

Rev Jean-Michel TCHAMBA Chair 01 July 2019

MAGDALENE NAHBILA DAKOBA Trustee 04 October 2020

NABILA GLORY BANGURA Trustee 04 October 2020

MBATANG TITANG FON Treasurer 04 October 2020

Registered office

85 Great Portland Street, London W1W 7LT

BANKERS

Llyods Bank

1

MY BRIDGE INTERNATIONAL UK

Trustee’s Report

The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and UK Accounting Standards (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

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees 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.

2

MY BRIDGE INTERNATIONAL UK Trustee’s Report

Reporting Public Benefit

Introduction

Over the past year My Bridge has continued to use a human rights approach to achieve social justice aims. We promote safe, respectful maternity care that protects all women’s fundamental rights to dignity, autonomy, privacy, non-discrimination and equality, at one of the most vulnerable times in their lives.

Thanks to continued support from our donors, alongside many valued volunteers, partners and members, we have grown our small staff team, reached hundreds of vulnerable people, built key partnerships with the voluntary and private sector and researched, evaluated and developed our approach and plans for the future.

A key focus for 20222022-2023 has been the launch our outreach program that now sits at the heart of our work: supporting those who live in poverty and disadvantage in the UK and across Africa, building on the potential of a human rights approach and working with others to reach out to those who are hardest to access.

Vulnerable young people and women face significant barriers to education, housing, education, and health care, impacting on their physical and mental health.

My Bridge believes that a collaborative, rights-based approach can add power and value to the efforts of those seeking to improve the wellbeing of c h i l d r e n , a n d p o o r e r p e o p l e with complex needs and their families. To harness that power we are now working with innovative organisations, such as House of Mercy, schools and other private and public sector organisations to deliver positively- evaluated interventions to specific vulnerable groups. We want to add value to their work, empower their staff, uplift their service and learn from their expertise; strengthening each other’s efforts through joint research to improve the evidence base and collaborating on policy work. As ever, when necessary, we will continue to use our legal expertise to bring challenges to systems that infringe vulnerable and poorer young people and women’s basic rights.

As this report shows, 20222022-2023 has seen my Bridge broaden and deepen our activities, have greater impact and reach more beneficiaries than ever before. We thank all our staff, volunteers, funders and champions for the tireless support that propels our work. And we look forward to continuing to make progress in understanding and improving women’s stories at this transformative time in their lives.

Jean Michel Tchamba (Chair)

3

MY BRIDGE INTERNATIONAL UK Trustee’s Report

INDEPENDENT EXAMINER

A resolution to appoint Mayah & Co Consulting as independent examiners for the ensuring year will be proposed at the annual general meeting

Signed on behalf of the Directors & Trustees

Jean Michel Tchamba (Chair)

4

MY BRIDGE INTERNATIONAL UKINDEPENDENT EXAMINERS REPORT Year ended 31[st] October 2023

I report on the financial statements and notes of the organisation for the year to 31[st] October 2023

This report is made solely to the Charity ‘Directors and Trustees as a body in accordance with Section 43(3) of the charities Act 1993 (the 1993 act) as amended by section 28 of the Charities Act 2006.

Our examination has been undertaken so that we might state to the charitable company’s directors those matters we are required to state to them in an independent examiners report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the company’s directors as a body, for our examination, for this report, or for the opinions we have formed.

RESPECTIVE RESPONSIBILITIES OF DIRECTORS AND INDEPENDENT EXAMINER

As described on page 2, the company’s directors are responsible for the preparation of the accounts. The company’s directors consider that an audit is not required for this year (under section 43(2) of the 1993 Act as amended) and that an independent examiner is needed.

Having satisfied myself that the company is not subject to audit under company law and is eligible for independent examination, it is my responsibility to

Examine the financial statements (under section 43(3) (a) of the 1993 Act, as amended

To follow procedures laid down in the General Directions

To state whether particular matters have come to my attention.

BASIS OF INDEPENDENT EXAMINARS STATEMENT

My examination was carried in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charitable company 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 directors concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on whether the accounts present a true and fair view’ and the report is limited to those matters set out in the statement below.

The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and UK Accounting Standards (United Kingdom Generally Accepted Accounting Practice)

INDEPENDENT EXAMINER’S STATEMENT

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 directors have not met the requirements to ensure that

• Proper accounting records are kept (in accordance with section 386 of the Companies Act 2006), and

• financial statements are prepared which agree 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 or

(2) to which in my opinion attention should be drawn in order to enable a proper understanding of the financial statements to be reached

MY BRIDGE INTERNATIONAL UK INCOME AND EXPENDITURE

PERIOD TO 31[st] October 2023

Jake Mayah

Independent Examiner Mayah & Co Consulting

Chartered Certified Accountants

Barking Enterprise Centre

50 Cambridge Road

Barking

IG11 8FG

MY BRIDGE INTERNATIONAL UK INCOME AND EXPENDITURE

PERIOD TO 31[st] October 2023

My Bridge International UK

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNTS)

YEAR ENDING 28[th ] February 2017

Notes
Incoming Resources
1
Donations
Activities for Generating Funds

Total Incoming Funds
Resource Expended
Fund raising
Evangelism
Charitable activities
Various cheque payments
Help to Community
Training

Total Expended

Net Incoming Resource for the Fund
Total funds brought forward

Total funds carried forward		 2023
£
-0
-
-
(-)
(-)
(-)
(-)
-
-		 20222022
£
3,500
3,370
6,870
(1,270)
(67,790)
(69,060)
(62,190)
65,442
3,252

There are no recognised gains or losses relating to the current year and prior period other than the results as shown above. Acordingly no separate statement of total recognised gains and losses is presented.

MY BRIDGE INTERNATIONAL UK Balance sheet 31[st] October 2023

Notes
Fixed Assets
Tangible fixed assets
9
Current assets
Debtors
10
Stock
Cash at bank and in hand
Creditors: amounts falling due within one
year
11
Net current assets
Total assets less current liabilities
Provision for liabilities
12
Net assets
Company Funds
Restricted Funds
14
Unrestricted Funds
Total’ funds
15		 2023
£
378
3,174
(300)
3,252
3,252
3,252
3,252		 20222022
£
378
3,174
(300)
3,252
3,252
3,252
3,252

The trustees and Directors are satisfied for the year ending 3[1st] October 2023 the company was entitled to exemption from 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 Companies Act 2006. The Directors and Trustees acknowledge their responsibility for complying with the requirements of the act with respect to accounting records and for the preparation of accounts.

These financial statements were approved by the Trustees and authorised for issue on 18[th] March 2023. Signed on behalf of the Trustees

Jean Michel Tchamba (Chair)

Trustee

Charity Registration number: 1192169

MY BRIDGE INTERNATIONAL UK Notes to the financial statements Year ended 31[st] October 2023

1. Accounting policies

Accounting convention and going concern

The financial statements are prepared in accordance with applicable law and United Kingdom accounting standards. The particular accounting policies adopted are described below. They have all been applied consistently throughout the year and the preceding year.

The financial statements have been prepared on a going concern basis which assumes that the Company will continue in operational existence for the foreseeable future (minimum 12 months).

Cash flow statement

The directors have taken exemption from preparing a consolidated cash flow statement available under FRS 1 Cash Flow Statements, on the basis that the ultimate parent company produces consolidated financial statements in which the group is included, and are publicly available.

Intangible assets - goodwill

Goodwill arising on the acquisition of subsidiary or associated undertakings and businesses, representing any excess of the consideration given over the fair value of the identifiable assets and liabilities acquired, is capitalised and written off on a straight line basis over its estimated useful economic life which is ten years.

Tangible fixed assets

Tangible fixed assets are shown at original historical cost less accumulated depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Leasehold improvements period of lease
Computers equipment 3 years
Computer software 5 years
Fixtures, fittings and office equipment 5 years

.

Taxation

Current tax, including UK corporation tax and foreign tax, is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the group's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

A net deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of all available evidence, it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is not recognised when fixed assets are sold and it is more likely than not that the taxable gain will be rolled over, being charged to tax only if and when the replacement assets are sold.

1. Accounting policies (continued)

Taxation (continued)

In accordance with FRS 19, deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in financial statements. Deferred tax is not provided on timing differences arising from the revaluation of investment properties where there is no commitment to sell the asset. Deferred tax assets are recognised to the

MY BRIDGE INTERNATIONAL UK Notes to the financial statements Year ended 31[st] October 2023

extent that it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted

Turnover

Turnover represents amounts receivable for goods and services provided in the normal course of business, net of trade discounts, VAT and other sales related taxes.

Revenue is recognised over the period of delivery of services and as per the terms of the agreement with each customer.

Foreign currencies

Transactions in foreign currencies are recorded in pounds sterling at the rates of exchange at the date of the transactions. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are reported at the rates of exchange prevailing at year end. All exchange differences are included in the profit and loss account.

Leases

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term, except where the period to the review date on which the rent is first expected to be adjusted to the prevailing market rate is shorter than the full lease term, in which case the shorter period is used.

2. Incoming Resources

2023 20222022 £

Donations

MY BRIDGE INTERNATIONAL UK Notes to the financial statements Year ended 31[st] October 2023

Restricted funds
Special services		 -
-		 -
-
-
-

3. Financial commitments

Operating leases

At 31[ST] October the company had annual commitments under non-cancellable operating leases as set out below:

4.

Pension scheme
The charity does not have a pension scheme		 Land and buildings
2023
£
20222022
£
-
2023
£
20222022
£
-
-		 Land and buildings
2023
£
20222022
£
-
2023
£
20222022
£
-
-
20222022
£
-

5. Related party transactions

My Bridge International does not have any related party transaction to report for the financial year ending 31[st] October 2023

MY BRIDGE INTERNATIONAL UK Notes to the financial statements Year ended 31[st] October 2023