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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|||||||||
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|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|
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||||||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|benefits for the reporting|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|
##
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##
|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.||
##
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##
|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|
##
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|||||||||||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|
##
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