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2023-12-31-accounts

Trustees’ Annual Report for the period

From Period start date 1[st] January 2023 To Period end date 31[st] December 2023

Charity name: Bridging Barriers

Charity registration number: 1196973

Objectives and Activities
Summary of the purposes of
the charity as set out in its
governing document		 Our primary focus lies in empowering these young
individuals to unlock career opportunities through
personalised mentoring, bolstering their confidence and
resilience.
Our program is designed to nurture their full potential by
providing personalised support and connecting them with
real-life role models who equip them with the tools,
resources, and mindset required to thrive in their chosen
fields.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.		 By offering tailored 1-on-1 guidance, we equip our
candidates with the necessary hard and soft skills, while
fostering robust employment networks that expand their
access to opportunities. We also offer virtual masterclasses
and networking events to supplement mentoring to aid in the
development of knowledge and skills of young people
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Yes, as an organisation we are aware, and we utilise the
guidance regarding the delivery of our services.

Achievements and Performance

Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 The below are the main achievements of Bridging Barriers. All
the initiatives below were geared at increasing the
employability, building the professional networks and
increasing career knowledge of young professionals and
mentees
Launched the Turning Point Programme
The Turning Point programme is our flagship programme that
runs over two cohorts (November and February) over the
course of a 12-month period. This involves: Mentoring, Virtual
Masterclasses and Networking events
Mentoring
Mentees can acquire personalised guidance from a dedicated
career mentor to support both their personal and professional
development. Mentees will receive insights on topics such as
CV and cover letter optimisation, as well as participate in mock
interviews with their mentors to refine their skills. Mentoring
currently takes place on our mentoring platform which
facilitates texts, calls and the matching process of mentees
and mentors.
Virtual Masterclasses
These are online sessions conducted by industry experts to
offer detailed insights and valuable knowledge on
professional and personal topics.
Virtual masterclasses offer mentees a chance to learn directly
from seasoned professionals, ask
questions, and gain a deeper understanding of their desired
industries.
The virtual format also allows for accessibility and flexibility,
with mentees being able to attend from any
location.
Networking Events
These are in-person events that allow mentees and mentors
to build valuable social capital. We aim to host four networking
events annually to serve as a platform for mentees and other
members of the Bridging Barriers community to connect with
peers, industry professionals and potential employers. We aim
to create a unique and dynamic environment that encourages
the formation of meaningful connections and the broadening
of professional networks. Mentees can also explore possible
employment opportunities and receive career advice through
these events.
Conducted Insight days
Bridging Barriers and Lloyds Banking Group
With 50 Bridging Barriers mentees present at a Lloyds
Banking Group Office, mentees engaged in a CV and
Interview Workshop aimed at increasing the chances of
securing a role in the banking industry.
We also had the chance to hear a panel discussion from senior
leaders at Lloyds which included their career journeys thus far,
how they have overcome adversities faced in the workplace,
and the importance of having a mentor.
BNY Mellon

25 of mentees had the opportunity to attend an insight day hosted by BNY Mellon in which they had the opportunity to listen to a panel discussion titled "Navigating your career" and engage in a networking session.

The panel discussion highlighted key aspects of thier operations in building a robust system for exceptional client experience, building trust and protecting investor assets. The panel also shared advice to our mentees based on their experiences in corporate and emphasized the importance of self-discovery and leveraging one's strengths and being proactive in their career.

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 We turned over £25,000 at the end of 2023, and this was
income generated through grants from trusts and
foundations, as well as individual and corporate donations.
Statement explaining the
policy for holding reserves
stating why they are held		 Our reserves policy states that we ought to hold reserves for
a minimum of three months, which we believe is sufficient to
cover ourselves in the face of unforeseen events.
Amount of reserves held 18527.79
Reasons for holding zero
reserves		 N/A
Details of fund materially in
deficit		 N/A
Explanation of any
uncertainties about the
charity continuing as a going
concern		 N/A

Structure, Governance and Management

Structure, Governance and Management Structure, Governance and Management
Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)
CIO Foundation model
How is the charity
constituted?
(e.g unincorporated
association, CIO)
CIO
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees
The charity trustees have signified agreement to the
resolution in a document which has been authenticated by
their signature, by a statement of their identity accompanying
the document or documents, or in such other manner as the
charity trustees have previously resolved, and delivered to
the CIO at its principal office or such other place as the
trustees may resolve
Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 CIO Foundation model
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 CIO
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 The charity trustees have signified agreement to the
resolution in a document which has been authenticated by
their signature, by a statement of their identity accompanying
the document or documents, or in such other manner as the
charity trustees have previously resolved, and delivered to
the CIO at its principal office or such other place as the
trustees may resolve

Reference and Administrative details

Charity name Bridging Barriers
Other name the charity uses N/A
Registered charity number 1196973
Charity’s principal address BB, PO Box 59099 London E13 3EX

Names of the charity trustees who manage the charity

Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee (ifany)
Andrea Charles
Fidelis		 N/A Whole year Kevin Osei
Folayemi Ojo N/A Wholeyear Kevin Osei
Michael Adesite N/A Wholeyear Kevin Osei

Corporate trustees – names of the directors at the date the report was approved – N/A

Director name

Name of trustees holding title to property belonging to the charity – N/A

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Kevin Osei

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)

Adesite Full name(s) Michael Position (eg Secretary, Chair Chair, etc) Date 30/07/2024

BRIDGING BARRIERS 1196973 Receipts and payments accounts CC16a For the period 1/1/2023 12/31/2023 To from

Section A Receipts and payments

Unrestricted
funds		 Restricted
funds		 Endowment
funds		 Total funds Last year
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Individual Donations
CorporateDonations
Grants

13,335
6,500
-

5,208



-
-
-









13,335
6,500
5,208



-
-
-



- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total(Gross income for AR) 19,835 5,208 - 25,044 -
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total


-



-





-


-





-
**Total receipts ** 19,835 5,208 - 25,044 -
A3 Payments
Accountancyfees
Bank Interest& Charges
Insurance
Printing &Postage
Rent/hire of rooms
ITsoftware
Otherdirectcosts




35
118
192
204
494
350








150
186
750
2,494
995















-
-
-
-
-
-
-





























35
150
118
378
954
2,988
1,345











-
-
-
-
-
-
-











- - -
**Sub total ** 1,392 4,575 - 5,967 -
A4 Asset and investment
purchases, (see table)
Computer equipment - 549 - 549
- - - -
**Sub total ** - 549 - 549 -
**Total payments ** 1,392 5,124 - 6,516 -
**Net of receipts/(payments) ** 18,443 85 - 18,528 -
A5 Transfers between funds - - - - -
A6 Cash funds last year end - - - - -
**Cash funds this year end ** 18,443 85 - 18,528 -

Section B Statement of assets and liabilities at the end of the period

Unrestricted Unrestricted Restricted Restricted Endowment
Categories Details funds funds funds
**to nearest ** £ **to ** nearest £ to nearest £
B1 Cash funds 18,443 85 -
- - -
- - -
Total cash funds 18,443 85 -
(agree balances with receipts and payments
account(s))		 OK OK OK
Unrestricted Restricted Endowment
funds funds funds
Details to nearest £ to nearest £ to nearest £
B2 Other monetary assets - - -
- - -
- - -
- - -
- - -
- - -
Details Fund to which
asset belongs		 Cost (optional) Current value
(optional)
B3 Investment assets - -
- -
- -
- -
- -
Details Fund to which
asset belongs		 Cost (optional) Current value
(optional)
B4 Assets retained for the - -
charity’s own use - -
- -
- -
- -
- -
- -
- -
- -
Fund to which Amount due When due
Details liability relates (optional) (optional)
B5 Liabilities -
-
-
-
-
Signed by one or two trustees on
behalf of all the trustees		 Signature Print Name Date of
approval
Print Name Date of
approval
michael adesite
30 July2024
30 July2024

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Charity Name BRIDGING BARRIERS members of On accounts for the year 31 DECEMBER 2023 Charity no 1196973 ended (if any) Set out on pages

(remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/12/2023 DD / MM / YYYY .

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed: Mabel Balogun Date: 31 JULY 2024

Name: MABEL BALOGUN

Relevant professional FCCA qualification(s) or body (if any): Address: 18 WOODFIELD AVENUE, WEMBLEY HA0 3NR

Section B Disclosure

Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

1

October 2018

IER

Give here brief details of N/A any items that the examiner wishes to disclose .

2

October 2018

IER