2020-12-31-accounts - Bridge Trust

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The Bridge Trust- Registered Charity No.. 1184834 Trustees, Annual Rewrt including Financial Slatamenls and Auditors Reptrt .Period ended 31st Decembei202Q. TABLE OF CONTENTS Reference and Admlnistrative Detalls......... Statement bythe Chair of Trustees...... Events after the End of the Reporting Period..... -..... Trustee5' Responsibilities StstemenL...-...... Objedives, 5truuure, fj0vernan and Management....... H1510ry................................................. Obtrective5.... Organis8lion and Strurture.. Governance Internal Control..-.......-.....-.-.......-....... Re£ruitmÈnt of Trustees....... RiskManagÈrryent................ Valuation of the Permanent ErKlowment......-............................................................... Financi31 Controls.-..... Related partie&.... Achtevements and PerforWnan................... ............... Review ofALtliritles andAthie¥ements.. Public Benefit... Financial Review.... Independenl Auditor's Reportto the Mernbers of Brldge Trust...... Opinion. Basis foropinion.......... Conclu%ions latIt0 golng ConM... Other inforTnation....................... 8tter5 on which we are require(* to report bYexpt10rL.... REsnb)lItieS of trustees... Auditor'5 respOnblf¢leS forlhe audi( oftheflnancial staternent5....... Use OfOurp0rt.-...... ststement of Finanual Activities- Per¥od Ended 31 Derember 2020............ Statement of ff nancial position- 31 December 2020........-...... Ststement of Cash Flows- Period ended 31 December 2020...-......-...... Notes to the Financtal Statements- Period ended 31 December 2020...-......-.............. General inftrnnation........... Statement of c0mpl1a........................................................................... Accounting policies............ l)onations and legacle5...._.. othertrading artivitiÈs... Invutment income.... 15 other Income...... 15 Expendlture on charitsble attlvities byfund type........ 15 Expet)dr...... Analysis of £haritable fun(ts... Anolysi5 of net assets between fvnds.... Analvsls of chanÈes in netdebt..................... ............................... P05t ba13nce Sheet events..... ............... Re5ated Paftie5..... Contln8ent liabilltles..... 18 -18 18 19 Page-2of19

			9August 2019to 31December 2020	9August 2019to 31December 2020	9August 2019to 31December 2020	9August 2019to 31December 2020
			Unrestricted	Designated	Endowment	Total funds
			funds	funds	funds
		Note	E	E	E	E
Income and endowments
Donations and legacies		4	1,435			1,435
Other trading activities		5	123,148			123,148
Investment income		6	2,976			2,976
Other income		7	432 177	7954	4,190,711	4,630,842
Total income			559,736	7954	4,190,711	4,758401
Expenditure
Expenditure on charitable		8,9	134,773	107,577		242,350
activities
Total expenditure			134,773	107577		242,350
Net gains on investments		12	622		14,004	14,626
Net income			425 585	99623	4,204 715	4 530677
Transfers between	funds		(100,000)	100,000
Net movement in	funds		325,585	377	4,204,715	4,530,677
Reconciliation of	funds
Total funds brought	forward
Total funds carried			325,585	377	4,204,715	4,530,677
forward

STATEMENT OFCASH FLOWS - PERIOD ENDED 31DECEMBER2020	STATEMENT OFCASH FLOWS - PERIOD ENDED 31DECEMBER2020	STATEMENT OFCASH FLOWS - PERIOD ENDED 31DECEMBER2020	STATEMENT OFCASH FLOWS - PERIOD ENDED 31DECEMBER2020
				2020
				6
Cash flows from operating		activities
Net income				4,530,677
Adjustments for.
Government grant income				(1,435)
Net gains on investments				(14,626)
Other interest receivable and		similar income		(2,976)
interest payabie and similar	charges			20
Accrued expenses				41,518
Changesin:
Trade and other debtors				(39,754)
Trade and other creditors				19,069
Cash generated from operations				4,532,493
Interest paid				(20)
Interest received				2,976
Net cash from operating activities				4,535,449
Cash flows from investing		activities
Purchase oftangible assets				(4,000,000)
Purchases ofother investments				(197,670)
Net cash used in investing	activities			4,197,670
Cash flows from financing		activities
Government grant income				1,435
Net cash from financing activities				1,435
Net increase in cash and	cash equivalents			339,214
Cash and cash equivalents		at beginning	ofperiod
Cash and cash equivalents		at end ofperiod		339,214

											Unrestricted	Unrestricted	Total Funds	Total Funds
												Funds		2020
											E		6
Rents Receivable											122,396		122,396
Charges Recoverable												752		752
											123,148		123,148
6.	Investment			income
											Unrestricted		Total Funds
												Funds		2020
											E		6
COIF Income and		Dividends										2,976		2976
7.	Other	income
						Unrestricted		Designated			Endowment		Total	Funds
						Funds F.			Funds E		F	Funds	f	2020
Other income - transfer						432,131			7,954		4,190,711		4,630,796
from unincorporated
charity
Other income							46							46
						432,177			7,954		4,190,711		4,630842
	Ex enditure			on		charitable	activities b		fund	e
								Unrestricted			Designated		Total	Funds
									Funds			Funds		2020
									F				K
Charitable	Activities								105,324		107,577		213,201
Support Costs									29149					29,149
									134,773		107,577		242,350
	Ex enditure				on	charitable	activit	es b	activi		e
						Activities		Grant funding			Support	Costs	Total	Funds
						undertaken		of	actwibes					2020
						directly
						F			E				E
Charitable	activities					210,768			2433			29,149	242 350
10.	Anal	sis	of	su		ort costs
											Charitable		Total 2020
											activities
											F
Staffcosts												20,000		20,000
Computer	and website			costs								1,001		1,001
Bank charges												20		20
Payroll												486		486
Audit												2,760		2,760
Postage, telephone,			and		stationery							1,698		1,698
General expenses												2,022		2,022
Insurance(Office)												129		129
Insurance	fTrustees)											1,033		1033
												29,149		29,149

11.	~001	I~ I I
					2020
Grants to	individuals				2,433
Total grants					2 433
12.	Net	ains on investments
			Unrestricted	Endowment	TotalFunds
			Funds	Funds	2020
			6	6
Gains/(losses)		on listed investments	622	14,004	14,626
13.	Staff	costs


					No
Administration,	accountant	and	payment	ofgrants	1.26
Cleaners					0.39
Gardener					0.11
					1.77

s not limited todecisions made on the premises. The premium for the as 61,033. 1S. Tan ible fixed assets	period ended 31 December 202
	Freehold
	property 6
Cost
At 9August 2019
Additions	4,000,000
At 31 December 2020	4,000,000
Depmciation
At 1January 2020 and 31 December 2020
Carrying Amount
At 31 December 2020	4000 OIIII

16. Investments
	Listed
	investments
	E
Cost orvaluation
At 9August 2019
Additions	197,670
Fair value movements	14,626
At 31 December 2020	212,296
Impairment
At9August 2019and 31 December2020
Canying amount
At 31December 2020	212,296
All investments shown above are held at valuation.

17.	Debtors	Debtors
								2020
							E
Trade debtors								32,462
Prepayments and		accrued	income					6,600
Other debtors								692
								39,754
18.	Creditors: amounts			faiiin	due within one	ear
								2020
							E
Trade creditors								17,230
Accruais	and deferred income							41,518
Other creditors								1 535
								60,587
19.	Deferred income
								2020
							8
Amount	deferred	in period						13555
20.	Government		rants
								2020
Recognised in income from			donations		and legacies:
Government grants income								1435