## **Trustees’ Annual Report for the period** ## **From 01/01/2024 Period start date To 31/12/2024 Period end date** ## **Charity name: Bridging Barriers** ## **Charity registration number: 1196973** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|**Bridging Barriers exists to equip**
**ambitious young people from**
**underrepresented backgrounds with the**
**networks, resources, and opportunities**
**they need to become the best version of**
**themselves and achieve career success.**| |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.|Para 1.17 and
1.19|**Our work is delivered through three core**
**activities:**
•
**Structured mentoring programmes**
**matching young people with**
**experienced professionals in their**
**desired industries.**
•
**Virtual masterclasses and**
**employer insight days co-**
**designed with corporate partners**
**to increase access to elite**
**professions.**
•
**In-person networking events to**
**build confidence, social capital,**
**and real-world connections**
**between young people and**
**professionals.**| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|**In shaping all programmes and**
**initiatives, the trustees have had due**
**regard to the Charity Commission’s**
**guidance on public benefit. Our activities**
**are designed to reduce barriers to social**
**mobility and employment, particularly for**
**young people from Black and other**
**underrepresented communities.**| ## **Additional information (optional)** You may choose to include further statements where relevant about: SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other ## **Achievements and Performance** SORP reference **Key highlights include:** • **Impact across 300+ young people through mentoring, events, and** Summary of the main Para 1.20 **tailored support.** • achievements of the charity, **100% of mentees reported** identifying the difference the **increased confidence and access** charity’s work has made to **to professional networks.** the circumstances of its • **Delivery of high-quality sessions** beneficiaries and any wider **with firms across law, finance, and** benefits to society as a **tech.** whole. • - **Delivery of high-quality sessions with firms across law, finance, and tech.** - **Notable organisational growth in volunteer coordination, partnerships, and programme structure.** ## **Additional information (optional)** ## You may choose to include further statements where relevant about: |Achievements against
objectives set|Para 1.41|| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|| |Investment performance|Para 1.41|| againsl objectives Other ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|**The charity received a total income of**
**£85,312 during the year (2024),**
**comprising £59,035 in unrestricted funds**
**and £26,277 in restricted funds. Total**
**expenditure amounted to £90,263,**
**resulting in a net deficit of £4,951. The**
**charity ended the year with total cash**
**reserves of £13,577.**| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|**Bridging Barriers aims to maintain**
**reserves equivalent to at least three**
**months of core operating costs. This**
**policy provides financial stability and**
**ensures the continuity of services in the**
**event of income delays or unforeseen**
**expenses.**| |Amount of reserves held|Para 1.22|**At year-end, the charity held total cash**
**reserves of £13,577, comprising £7,215 in**
**unrestricted funds and £6,362 in**
**restricted funds.**| |Reasons for holding zero
reserves|Para 1.22|**Not applicable – the charity held reserves**
**at the end of the year.**| |Details of fund materially in
deficit|Para 1.24|**None of the charity’s funds were in**
**material deficit during the reporting**
**period.**| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|**The trustees have no material**
**uncertainties regarding the charity’s**
**ability to continue as a going concern.**
**The reserves policy, continued grant**
**funding, and income diversification**
**strategy provide confidence in the**
**charity’s future financial sustainability.**| ## **Additional information (optional)** You may choose to include further statements where relevant about: |||| |---|---|---| |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|| |A description of the principal
risks facing the charity|Para 1.46|| |Other||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|**CIO Foundation Model**| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|**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|Para 1.25|**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.**| |**Additional information (optional)**
You may choose to include further statements|**Additional information (optional)**
You may choose to include further statements|where relevant about:| |---|---|---| |Policies and procedures
adopted for the induction and
training of trustees|Para 1.51|| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|| |Relationship with any related
parties|Para 1.51|| |Other||| ## **Reference and Administrative details** |Charity name|Bridging Barriers| |---|---| |Other name the charity uses|| |Registered charity number|1196973| |Charity’s principal address|BB, PO Box 59099, London, E13 3EX| ||| ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Alex Donkor|N/A|01/10/2024|Michael Adesite, Kevin Osei
BEM| ||Sharon Dorsen|N/A|01/10/2024|Michael Adesite, Kevin Osei
BEM| ||Jade Adewunmi|N/A|01/10/2024|Michael Adesite, Kevin Osei
BEM| ||Michael Adesite|N/A|Wholeyear|| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## 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 N/A** Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for 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)** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** **On 1st October 2024, new trustees Sharon Dorsen and Alex Donkor were appointed to the board. Prior to this, the board consisted of Michael Adesite, Folayemi Ojo, and Andrea Fidelis. The transition in trusteeship occurred due to personal reasons and limited capacity on the part of the outgoing trustees. The board remains committed to ensuring strong governance, strategic oversight, and alignment with Bridging Barriers' mission.** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** |**Signature(s)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**||| |---|---|---| ||Michael Adesite|| ||
Chair|| ||03/06/2025|| ||03/06/2025|| |**Bridging Barriers**|||**1196973**|| |---|---|---|---|---| |**Receipts andpayments accounts**||||**CC16a**| |**For the period**
**from**|01/01/2024|**To**|31/12/2024|| |**Section A Receipts and payments**|**Section A Receipts and payments**|||||| |---|---|---|---|---|---|---| |**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest £**
**5,350**
**5,000**
**41,039**
**3,668**
**3,977**
**-**
**-**
**-**

**59,035**
**-**
**-**
**-**
**59,035**
**350**
**-**
**4,661**
**335**
**147**
**358**
**558**
**-**
**61,771**
**1,325**
**-**
**757**
**70,263**
**-**
**-**
**70,263**
**- 11,228**
**-**
**18,443**
**7,215**|**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**26,277**
**-**
**-**
**-**
**-**
**26,277**
**-**
**-**
**-**
**26,277**
**-**
**-**
**3,509**
**-**
**-**
**-**
**-**
**-**
**14,724**
**1,767**
**-**
**-**
**20,000**
**-**
**-**
**20,000**
**6,277**
**-**
**85**
**6,362**|**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total funds**
**to the nearest £**
**5,350**
**5,000**
**67,316**
**3,668**
**3,977**
**-**
**-**
**-**
**85,312**
**-**
**-**
**-**
**85,312**
**350**
**-**
**8,170**
**335**
**147**
**358**
**558**
**-**
**76,495**
**3,092**
**-**
**757**
**90,263**||**Last year**
**to the nearest £**| |Corporate Donations|**5,350**|||||**6,500**| |Corporate Sponsorships|**5,000**|||||**-**| |Grants from Trusts and Donations|**41,039**|||||**5,208**| |Individual Donations|**3,668**|||||**13,335**| |Other Income|**3,977**|||||| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| |**_Sub total_**_(Gross income for_
_AR)_|
**59,035**|||||**25,044**| |||||||| |**A2 Asset and investment sales,**
**(see table).**||||||| ||**-**|||||| ||**-**
|||||**-**| |~~**_Sub total_**~~|**-**|||||**-**| |**_Total receipts_ **
**A3 Payments**||||||| |||||||**25,044**| |||||||| |Accountancyfees|**350**|||||**35**| |Bank Interest & Charges|**-**|||||**150**| |Event Expenses|**4,661**|||||**-**| |Governance & LeadershipExpenses|**335**|||||**-**| |Insurance|**147**|||||**118**| |Merchant fees|**358**|||||**-**| |Printing& Postage|**558**|||||**378**| |Rent/ hire of rooms|**-**|||||**954**| |Staff Costs|**61,771**|||||**-**| |Subscriptions|**1,325**|||||**-**| |IT software|**-**|||||**2,988**| |Other Direct Costs|**757**|||||**1,345**| |**_Sub total_ **|**70,263**|||||**5,967**| |||||||| |**A4 Asset and investment**
**purchases, (see table)**||||||| |
Computer equipment
**_Sub total_ **|**-**|||**-**||**549**| ||**-**|||**-**||**549**| |**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**||||||| |||||||**6,516**| |||||||| ||**- 11,228**|**6,277**||
**- 4,951**||**18,528**| ||**-**|**-**||**-**||**-**| ||**18,443**|**85**||**18,528**||**-**| ||**7,215**|**6,362**||**13,577**||**18,528**| CCXX R1 accounts (SS) 04/06/2025 1 |**Section B Statement of assets and liabilities at the end of the period**|**Section B Statement of assets and liabilities at the end of the period**|**Section B Statement of assets and liabilities at the end of the period**|| |---|---|---|---| |**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B5 Liabilities**
**B3 Investment assets**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B1 Cash funds**|**Details**
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**
**Details**
Computer Equipment
**Details**
Signature|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**7,215**
**6,362**
**-**
**-**
**-**
**-**
**7,215**
**6,362**
OK
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
Restricted
**549**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**-**
**-**
**-**
**-**
**-**
Print Name
Michael Adesite|**Endowment**
**funds**
**to nearest £**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||OK| ||||**Endowment**
**funds**
**to nearest £**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**When due**
**(optional)**| ||||| ||||| ||||| ||||| ||||| ||||| ||||Date of
approval| |||Michael Adesite|03/06/2025| ||||| CCXX R2 accounts (SS) 04/06/2025 2 ## **Independent examiner's report on the accounts** **Section A Independent Examiner’s Report** **Report to the trustees/** Charity Name **members of** Bridging Barriers **On accounts for the year** 31/12/2024 **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 / 2024** . - **Responsibilities and** As the charity trustees of the Trust, you are responsible for the preparation **basis of report** of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). 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: - accounting records were not kept in accordance with section 130 of the Act or - the accounts do not accord with the accounting records 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. * _Please delete the words in the brackets if they do not apply._ **Date:** 30/5/2025 **Signed: Name:** MABEL BALOGUN **Relevant professional** FCCA – FELLOW OF THE ASSOCIATION OF CERTIFIED CHARTERED **qualification(s) or body** ACCOUNTANTS **(if any): Address:** 18 WOODFIELD AVENUE, NORTH WEMBLEY HA0 3NR **October 2018** 1 **IER** ## **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). **Give here brief details of any items that the examiner wishes to disclose** . N/A **October 2018** 2 **IER**