2021-12-31-accounts - Bridge Trust

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TABLE OF CONTENTS
Reference and Administrative Details	..	.3
Statement by the Chair of Trustees		.4
Events after the End ofthe Reporting	Period..	.4
Trustees' Responsibilities Statement.		.6
Objectives, Structure, Governance and Management. .		.6
History		.6
Organisation and Structure .		.7
Objectives		.8
Organisation and Structure, Governance and Internal Control.		...9 .9
Recruitment ofTrustees.		.9
Risk Management. ..		.9
Valuation ofthe Permanent Endowment. ..		..9
Financial Controls ....................................... .		9
Related parties..... . ..		..10
Achievements and Performance ...		...10
Review ofActivities and Achievements. ..		..10
Pubfic Benefit,		..10
Fina ncia I Review .		..10
Independent Auditor's Report to the	Members ofThe Bridge Trust..	...11
Opinion ..		...11
Basisfor opinion. .... . ... Conclusions relating togoing concern . Other information .		...11 ..11 , ...11
Matters on which we are required	to report by exception ...	12
Responsibilities oftrustees.. ..,. Auditor's responsibilities for the audit ofthe financial statements ..... .....		12 12
Use ofour report		13
Statement of Financial Activities .		14
Income and endowments.		14
Expenditure .................................. ........		14
Statement of Financial Posldon ...		16
lsotesto the Financial statements.		16

Re istered chari	Re istered chari	name	The Brid e Trust
Charit	re istration	number	1184834
Charity	Status		Charitable Incorporated			Organisation
Principal	office		7 Bridge Chambers
			The Strand
			Barnstaple
			EX31 1HB
			Devon
The Trustees			Mrs S Ha wood		Chair
			Mrs J Hunt
			Mrs A Isaac
			Mr P Leaver
			Mr G Lofthouse	Vice Chair
			Mr R Kni ht				A	ointed	12'" Januar		2021
			Mr M. Prowse				A	ointed	12'" Januar		2021
			Mr G Townsend
			Mrs K Trigger				(Resigned		29'"	December
							2021
			Mr D Trueman
			Mrs G Williams
			Mr A Rennles				(Appointed		9'"December		2021)
			Mr F Biederman				(Appointed		9'"December		2021)
Auditor			Westcotts SW	LLP
			Chartered Accountants			& Statutor	Auditors
			47 Bout ort Street
			Barnsta le
			Devon
			EX31 1SQ
Bankers
			CAF Bank Limited
			25 Kings Hill Avenue
			Kings Hill,
			West Mailing,
			Kent ME194JQ
			CAF Bank Limited		is a	subsidiary	of the Charities			Aid Foundation
			(registered charity		number 268369).
			National Westminster
			41 High Street
			Barnstaple
			Devon
			EX31 1BZ

STATEMENT OF FINANCIAL ACTIVITIES	STATEMENT OF FINANCIAL ACTIVITIES	STATEMENT OF FINANCIAL ACTIVITIES
			2021					2020
Note		Unrestricted funds	Restricted funds 6	Endowment funds 8		Total funds 8		Total fundsf
Income and endowments Donations and legacies Other trading activities Investment income Other income	4 5 6 7	2,331 247,730 6,038	27,585				29,916 247,730 6,038	1,435 123,148 2,976 4,630,842
Total income		256,099	27,585				283.684	4,758,401
et
Expenditure on charitable activities	8,9	289,777					289,777	242,350
Totalexpenditure		289,777					289,777	242,350
Net gains on investments	12	1,318			29,040		30,358	14,826
Net Income and nst movement in funds		(32.360)	27,585		29,040		24,265	4.530,677
Reconciliation offunds Total funds broughtforward		325,962		—	4,204,715		4,530,677
Total funds carried forward		293,602	27,585		4,233.755		4,554,942	4,530,677

STATEMENT OF FINANCIAL POSITION	STATEMENT OF FINANCIAL POSITION
			2021	2020
		Note
Fixed assets Tangible fixed assets Investments		15 16	4,000,000 242,654	4,000,000 212,296
			4,242,654	4,212,296
Current assets Debtors Cash at bank and in hand		17	30,822 326,731	39,754 339,214
			357,553	378,968
Creditors: amounts	falling due within one year	18	45,265	60,587
Net current assets			312,288	318,381
Total assets less current gabilities			4,554,942	4,530,677
Net assets			4,554,942	4,530,677
Funds ofthe charity Endowment funds Restricted funds Unrestricted funds			4,233,755 27,585 293,602	4,204,715 325,962
Total charity funds		22	4,554,942	4,530,677

					Unresbicted	Restricted	Total Funds	Total Funds
					Funds	Funds		2021
								8
	Donations
	Samaritan	Grants				27,585	27,585
	Grants
	Government		grant income		2,331			2,331
					2331	27,585	29,916
					Unrssbicted	Restricted	Tolal	Funds
					Funds	Funds		2020
					5	8
	Donations
	Samaritan		Grants
	Grants
	Goverrimsnt		grant income		1,435			1,435
					1,435			1,435
5.	Other trading activities
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds 6	2021 f	Funds 8		2020 f
	Rents Receivable Charges recoverable			243,864 3,866	243,864 3,866	122,396 752	122,396 752
				247,730	247,730	123,148	123,148
L	Investment		income
				Unresbicted	Total Funds	Unrestncted	Total Funds
				Funds	2021	Funds		2020
				6	5			6
	COIF Income snd Dividends			6,038	6,038	2,976		2,976

		Unrssbicted	Restricted	Endowment	Total Funds
		Funds	Funds	Funds	2021
		E	E	E	E
Other income	-transfer from
unincoq&orated	charity
Other income
		Unrestricted	Restricted	Endowment	Total Funds
		Funds	Funds	Funds	2020
		E	E	E	E
Other income unincorporated Other income	- transfer from charity	440,085 46		4,190,711	4,630,796 46
		440,131		4 190711	4630842
Expenditure	on charitable	activities by fund type
			Unrestricted	Restricted	TotalFunds
			Funds	Funds	2021
			E	E	E
Charitable activities Support costs			231,837 57,940		231,837 57,940
			289,777		289,777
			Unrestricted	Restnctsd	Total Funds
			Funds	Funds	2020
			E	E	E
Charitable activities Support costs			213,201 29,149		213,201 29,149
			242,350		242,350

9.	Expenditure on cha	ritable activities b	y activity typ	e
		Activtbes
	Charitable activities	undertaken directly E 226,446	Grant funding ofactivities E 5,391	Support costs E 57,940	Total funds 2021 E 289,777	Total fund 2020 E 242,350
10.	Analysis ofsupport	costs
				Analysis of support costs	Total 2021	Total 2020
				E	E
	Staff casts Communications and IT Finance costs Payroll Audit Postage, telephone and stationery General Costs			40,717 1,098 113 936 2,820 1,832 3,941	40,717 1,098 113 936 2,820 1,832 3,941	20,000 1,001 20 486 2,760 1,698 2,022

	Insurance (Otfice) Insurance (Trustees) Legal Fees (non property)	Insurance (Otfice) Insurance (Trustees) Legal Fees (non property)	310 2,129 4,044	310 2,129 4,044	129 1,033
			57,940	57,940	29,149
11.	Analysis	ofgrants
				2021	2020
				2
	Grants to	individuals
	Grants to	individuals		5,391	2,433
	Total grants			5,391	2,433
12.	Net gains	on investments
			Unrestricted	Endowment	Total Funds
			Funds	Funds	2021
	Gains/(losses) on listed investments		1,318	29,040	30,358
			Unrestricted	Endowment	Total Funds
			Funds	Funds f	2020
	Gains/(losses) on listed investments		622	14,004	14,626

The total staff	costs	and employee	and employee	and employee	pedod are analysed as follows:	pedod are analysed as follows:
					2021	2020
					49,469	24,419
					75	22
					49,544	24,441
The average head full-time equivalent		count ofemployees during the year was 6 (2020:6).The average emplayees during the year is analysed as follows:				number of
					2921	2020
					Na.	No.
Administration,	accountant		and	payment af grants	1	1

Tangible fixed assets
	Freehold
	Property
	6
Cost At 1' January 2021 and 31"December 2021	4,000,000
Depreciation At ter January 2021 and 31 December 2021
Carrying amount At 31sr December 2021	4,000,000
At 31sr December 2020	4,000,000

	Listed
	investments
	6
Cost or valuation At 1 January 2021	212,296
Additions Fair value movements	30,358
At 31December 2021	242,654
Carrying amount At 31December 2021	242,654
At 31 December 2020	212,296
All investments shown above are held at valuation.

Debtors
		2021	2020
		6
Trade debtors Prepayments Other debtors	and accrued income	26,397 3,733 692	32,462 6,600 692
		30,822	39,754

		2021	2020
Trade creditors Accruals and deferred Other creditors	income	26,222 17,194 1,849	17,230 41,518 1,839
		45,265	60,587

Deferred income
		2021	2020
		6	6
At 1 January 2021 Amount released to income Amount deferred in year		13,000 (13,000) 8,140	13,000
At 31 December	2019	8,140	13,000

										2021	2021	2020
										8
Recognised	in	income from			donations		and legacies:
Government	grants		income							2,331		1,435
Analysis of	charitable funds
Unrestricted		funds
					At					Gains	and	At
			1	Jan 2021 6			Income 8	Expenditure 6	Transfers 6	losses 6		31Dec2021 8
General funds				325,585		256,099		(224,515)	(90,000)	1,318		268,487
Repairs and Renovationfund					377			(65,262)	90,000			25,115
				325,962			256,099	(289,777)			1,318	293,602
					At					Gains	and	At
General funds			1Jan 2020 6				Income 2 559,736	Expenditure 6 (134,773)	Transfers f (100,000)	losses 6 622		31Dec2020 6 325,585
Repairs Renovation	and fu'nd						7954	(10'7577)	100,000
							567,690	(242,350)				325,962

		At						Gains and	At
		1Jan 2021 f		Income	Expendituref		Transfers F	losses f	31Dec 2021 f
Samaritans	Grant			27,585					27,585
		At						Gains and	At
		1 Jan 2020 f		Income f	Expenditure F		Transfers f	lasses f	31 Dec 2020 f
Samaritans	Grant
This fund has been		restricted to	be used for the Samaritan				Grants payable from 2022 onwards.
Endowment	funds
		At						Gains and	At
		1 Jan 2021 f		Income f	Expenditure f		Transfers f	losses 31 Dec2021 f. f
Endowment	Fund	204,715						29,040	4,233,755
Capital Endowment	Fund	4,000,000							4,000,000
		4,204,715						29,040	4,233,755
		At						Gains and	At
		1 Jan 2020		Income f	Expenditure		Transfers f	losses 31Dec2020 F
Endowment	Fund			190,711				14,004	204,715
Capital Endowment	Fund		4,000,000						4,000,000
			4,190.711					14,004	4,204,715
The Capital Endowment Fund represents the investments as shown in the endowment fund can be used in accordance with objects of the								Note 16.Income arising on charity and is induded as
unrestricted	income	In the statement of financial				activities.	Any capital	gains, or lasses, form part
ofthe fund.

Analysis ofnet as	sets between	funds
		Unrestricted	Restricted	Endowment	Total Funds
		Funds f	Funds f	Funds f	2021 f
Tangible fixed assets Investments Current assets		8,899 329,968	27,585	4,000,000 233,755	4,000,000 242,654 357,553
Creditors less than	1 year	(45,265)			(45.265)
Net assets		293,602	27,585	4,233,755	4,554,942

	Unrestricted	Restricted	Endowment	Total Funds
	Funds f	Funds f	Funds 8	2020 f
Tangible fixed assets lnvestmsnts Current assets Creditors less than 1 year	7,581 378,968 (60,587)		4,000,000 204,715	4,000,000 212,296 378,968 (60.587)
Net assets	325,962		4,204,715	4,530,677