CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From: 0110112023 10 3111212023 Charrty name: Bridges for Enterpnse Charrty registration number: 1196257 Objectives and Activities unynary of the purFoses o the chanty as set ¢JJt in rts geMIng document ara1.1 o relve and hdp lo prevent the impact Poverty felt by the beneficianes of s(1 enteryKises in devek)pirKJ countn&s. by ProdI such dtsa(fvanlW entrepren th free advw sefvKes, education a glc4)al neh•th cl suitsble mentor5 de5ur)ed lo enhance their business's ability lo have lryiemi financial suslalna1ty aNJ soc act In thr kcal cc*ffliunities. e chanty has advanced rts 0ctiveS to serve the public brrt In a shjnificanl way dunng the wi(xl covered by Ihis rewt To Ihis end. the main actsvit c(mduded by t chanty indude supportirMJ rre than 3) soual enlerwses from SulFSaharan Afnca. S)uih and theast Asia in rts Incubati¢ Prcgramme These social enlwprises Je P05rtively impactir¥J InefICS by selling aThYor dtslnbLrtirMJ Iife-changirvJ woducts or serwces lo l0w-1nccrf custorS across a WKle array of Sectc$. inclLKliry in renewab erwy, heallhcare, educatn. and Job skilling. The free SUPF¥Nt offered lo these swal enterrxises in the Incubaln Prcgramme over a 6-8 nth have imprOd Ihar bu51ness mThlels and p)srtioned thern in a fIncIalty VantoU5 rnanner lo become nKre financialty sustainable, in tLYn enhanciThJ t.f like11k lo sustain andl grow social andor envirCMental mpact f(Y thwr benefiaarie5. The trust$ of the chanty have upheld hh staThJards set fcrth by the Chanty cnmIon lo maintan focus cffl serwng a public benefrt set forth in the charty's c(¥)stslutKX). unvnary o emwn activitres In relatM)n to those PLrposes for Ihe public bwefft. in parbcLJlar, the activitres, projects cf services identfied in Ihe acc(wrts. ara1.1 Stalenwt confim)iThJ vthether the trustees have haj regard to the guid issued by the Chaty Cmission wblic befft Para 1.18
Additional inf0mlI0n (optional) You nyay to include further statemerts there relevant alxwt The chanty make any grants lo Ihe sociai enterFeS that it supFyNts dunn9 the F covered by this reF#Nt. Fkmver, should grants be made in the fulure, a Fd'cy on grant makirvJ wll be developed aTh shared in forthc(mi annual re 1.38 Policy wt making P¥a l.&9 Policy C social Ywestment induding PrcJrn rdated investh)ent Part-time unwd vc4unteers current rnane the chanty and fulfil all its OFrth. (er 200 volunteers. who indude both unTvw5ity students arKI fulkbme blthing prclessK)nals, currentty whxk f Bndges for Enterwse in drfferent IcutKffts around the malc volunteer hubs include Ihe Unrted ngdorn. Unrted Ststes, Can>Ja, &'ngawre, and Indo. there volunteers seW-gregate to supwt th8 chaTty'S aim to positsvety impad the beneficiaries of underserved s(Kial enlerpnses in devekpirMJ counlnes. To achieve thts, volunteers wot in drfferent Capacit and have van(ws roles a1 sILylitses. P¥a 1.38 Contnbthion m•Je by v(4unteer5 Achlevements and Performance rj the cleTed by tFMs reFXNt, the chanty has made a nificant ccntribulion lo improviThJ the lives of the neficIaneS beitvJ served by the 20+ social enlerwses th) partapaled in the In¢ubalK)n Prwmff. While eath socol enterprise serves a drfferent set of k)w4nccrfre Ixneficiarie5 in Ihar ovm manner. the SUPFrf provided lo each soaal entpse by the charty tywca couhj nc4 have been c4)tained elsevthere for free. As an exJnple. Ihe charty managed lo SUPFNt a job skills-focused SOCLal enlerwse in Kenya by deggning a new prtch de( and buikling a slroTrJer financial Ihat hdFed the enterwtse secure a new grant to expand rts ratlS soc1 impad. That particular social enterprise supNNts low-income al-rt5k youth in urban Nairokn" slums. ar)d wilh the new caprtal secured Ihanks lo B for Ent rise. the soc Sunynary of the man ad)ievennts ofihe ¢hty. Identing the drfference the charty's has m&Je lo the cirCumstceS of rts benefiaanes and any bmder befftS to as a P¥a l.X*
enierwse will aile lo offer a(kirfional Ifits lo tIN)se cuslomets by increasirMJ trainiry for emFty*nt Fdaang ne youth into hxal job rtUnrties. Prr to i(yning the IncubatK)n Prograrn. the soc enterprise had stryjled lo find and pty for such kinds of advisory SUFWL Additional information l(ylional) cFKKJse lo indude further statements thre relevant alyyjt." Achievements against 0t4ectNes sel 1.41 rais¥KJ t ace covered by this rewl. unng Perfomance of fiJrKlraisirg adiwties against 0eCteS P¥• 1.41 Inveslment Ferfrnin aInst eCh¥eS P¥a 1.41
Financial Review Review of the ch¥ty's finanual FOSrtM)n at the of the Staterrt explainiry the pdicy holdirwJ reserves statsThJ are held Para 1.21 Para 1.22 The chanty did ncl have any annual inc(M) cf expenses dLfiThJ the FWKNJ covered by this rep(¥t No yet in place ky holdi reserves. No reseNes were held by Ihe ch• in the rMJJ covered b thts re annual Inccffie was eamed. ATrxwnt of reseeS hdd Parn 1. Reasons holdiry z0 re5erve5 Details of fijnd maienalty in deficil Xplanat o any urertaIn1S aut the charty ¢1nU1 as a wng c(y)cem Para 1.22 Parn 1.24 NIA ere are no uncertainties Fertaining to continuabon cl the chwity al present. Additional informalion (oplionall choose to includ8 further stateffnts vhfe relevant abjrt: The charty's wncpal srS of funds (including ary fuThJraising) Parn 1.47 InvestrIrt aj 0eCtiveS includirg any ial inVestnt policy a(k)Pied Para 1.40 pnncipal risks facing the chanty incIe the sourcirrfJ crf SUrtae dtsatfvantW SOCHI entese$ fix the chanty's fLyJship Incubab'on prCrMe. swrciThJ d suitable volunteer5 fcK owalional Managnent and Prt)3ranvDe delivery. and finana 5UStain3bili A descript of the prinapal risks faaThJ the ch Parl 1.46
Structure, Governance and Management Desuipbon of chanws trusts". Bn'dqes Erterwse yjppts earfv-sl&ie social entreprerur5 in the devebpiTh] wc¥ld. [jr flaqship Incubats( Pr(M]ramme helps Ihem scabe u bec(ne investor.rea Type of govemirwj docunmt Para 1.25 H(hv is the chan'ty c($111UIed? Para 125 cio Truslee selection nthclS including detaiks of any constituts.onal provigons e.g. eleth.on to F#)sl or nwne of ary person or bL enIrtd lo apwnt cTh or m( trustees ara l. Apart frcrfn the first chanty trustees. every trustee nst apwntwj for a tem) of three yearsl try a res01Lrt Ssed at a Ccvd meelirwJ crf the chanty trLBtees. In sebth'ThJ indiwduals for apintment as chanty truslees. thecharty trustees must have regard to the skills. kr alexPerienCe eded fcff the effectsve ajministration of the CIO. Additional iiifomialion (optionall You chcx)se to indude further statenEnts %there relevant abcmjt: PolKies and pr(e(Jres athpted for the iThJUCi# aThJ Iraning of trustees PIN 1.51 The chanty's gatscaJ stnjcture is decenlralized by dgn. Marwmenl (rf the charity B bed by a pwt-tsme volunteer team of 9 prOfessic(lS who have I part of the charty for mulkn year5 seNe in 2-year temis. Thwr leershiP hdps to SUFWI the 2CQ+ v(Aunleers acrc6s semi- aLrtThKm)us 'hubs' acros5 drfferent cities arr)und the to advCe ts charty's stnjdure and any whkr with whith the charty W5 Pira 1.51 Retstiorthip With any related pwbes Pira 1.51
Reference and Administrative details Chari nan Other naft Ihe ch istefed cha nUMr Charity's prinopal a(kess BrKI es for Enl 11%257 160 Keny House. CAty Road. Lcndon EC1V 2NX United Names of the charity Irustees who manage the charity NJrn• of pew5on lor bodyl •ntitl¢d t• appoint trStee Irf Trust•• nam• offi lil any) Dat5 act rf nol forwho yèar Shaun T Chair 25 Oct{ 2021- Present 25 Octdjer 2021- Present Tanya Chiaranussati Trustee Jcdan Woiken Trustee 25 Octdjer 2021- Present e truslees- names of the dIreCtc al the dale the re was On¢tor n•m• of trustees tsdIng trtle to property tthgiThJ to the tharty Dat• xt•d rf Trot wth)l y*r
Funds held as custodian trustees on behalf of others Descnplion of Ihe assets No assets are held by the chanty In this capaaty. held in thLS capacty Nan thjects of the chanty on wh(6e behalf the assets are held aThJ how th flS wthin the custcrtjn NIA tw15 0 arraThJemerts safe custody and segregalion of suth assets frcffi Ihe chanty's cwm assets Additional InfOallOn (optionall Names and addresses of athisers (Optional inf0Mlon) Type of Name Address adviser Vc4unteer Aparupa Chakrarti AThjelS Kamande Enc Gdden Nairobi. Kenya Nairobi. Kenya Tokyo. Ja Vancouver, Cana Name of chief execulive or namtrs of Senlor Siaff members Iopilonal infcmatlon} Jdan Wc4ken Vdunteer Vdunleer Vdunleer Inna Scaflele Exemptions Irom disclosure Reawn for nlIScsU[e of k nel detals Other o tional information
Declarations The trustees declare Ihat they have approved the Itustees. re¢ aVe. Signed on half ol the charity's truslees Signaluie(s} Full namels} Shaun Teo Tanya (iaranussatl Irdan Wclken Poshlon leg Trustee Dale 29 Oct 2024