Registered Charity Number: 801885
THE BRIDGE CHARITY
REPORT OF THE TRUSTEES
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022
THE BRIDGE CHARITY
CONTENTS
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner’s Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 |
THE BRIDGE CHARITY
REPORT OF THE TRUSTEES
The Trustees present their Report with the financial statements of the Charity for the year ended 5 April 2022. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP 2019) and FRS 102 ‘Accounting and Reporting by Charities’.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
801885
Principal address
251 Hungerford Road Islington London N7 9LD
Trustees
Dr P Barratt Mr J Dixon Mr H Reid
Independent Examiner
Tom Meeks FCCA Price Bailey LLP Causeway House 1 Dane Street Bishops Stortford CM23 3BT
Structure, Governance and Management
Governing document
The Charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
Aims and Objectives
To advance the education of the students of the Bridge MAT Limited, (formerly known as the Bridge London Trust) by providing and assisting in the provision of resources and equipment not funded by DfE/ESFA or local authority grants. To promote activities which support the trust in offering a broad and balanced curriculum and care for pupils of different abilities between the ages of 5 and 19.
Risk management
The Trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees have continued to review and manage the risks throughout the year.
Public Benefit
The Trustees have taken into account the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. The Trustees’ report demonstrates their commitment to providing public benefit.
Achievements
This year, sponsors, awards and events have contributed to a range of projects and resources that simply would not have happened without charitable support. Another face to face fundraising event returned with the first annual Spring Concert in three years. There was continued support from the local community via three local shops individually nominating The Bridge School (primary and secondary) and The Bridge ILS as their preferred charities, donating to each.
Again, the annual Seckford/Woodbridge cycle ride continued in the Summer and riders have confirmed commitment for the following year. There is a continual effort to target small grant awards alongside securing long term sponsorship for specific projects. An outline of the range and scale of these projects include; 4 new sensory spaces, Outdoor Learning Space, School Journeys, Outdoor Play Spaces, Bikes and an array of sensory toys and equipment.
- 1 -
THE BRIDGE CHARITY
REPORT OF THE TRUSTEES – CONTINUED –
Financial Review
During the year total income was £36,537 (2021 - £46,480) and expenditure was £42,493 (2021 - £1,656). At the year ended 5 April 2022 total reserves carried forward were £131,944 of which £5,869 were unrestricted (2021 - £1,821) and £126,075 restricted (2021 - £136,079). Reserves are held in line with restrictions. The Trustees have worked to eradicate the deficit on unrestricted funds by managing costs, having considered the charity’s cash flow and future income commitments for the financial year. Following this they are satisfied that the charity is a going concern for the next 12 months.
Trustees' Responsibilities Statement
The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP (FRS 102);
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
On behalf of the Board:
John Dixon J Dixon (Jan 30, 2023, 4:00pm) Trustee
Date: 30 Jan 2023
- 2 -
THE BRIDGE CHARITY
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE BRIDGE CHARITY
I report to the charity trustees on my examination of the accounts of the charity for the year ended 5 April 2022 which are set out on page 4 to 12.
Responsibilities and basis of report
As the Charity’s Trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Tom Meeks FCCA For and on behalf of Price Bailey LLP Causeway House 1 Dane Street Bishops Stortford CM23 3BT
Date: 01 February 2023
- 3 -
THE BRIDGE CHARITY
STATEMENT OF FINANCIAL ACTIVITIES - INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2022
| Note INCOME FROM: Donations 2 Income from other trading activities 3 Total income EXPENDITURE ON: Charitable Activities 4 Other expenditure 5 Total expenditure NET INCOME/(EXPENDITURE) Transfers between funds 10 Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 10 |
Unrestricted Fund £ - 4,263 4,263 - 4,644 4,644 (381) 4,431 4,048 1,821 5,869 |
Restricted Funds £ 32,274 - 32,274 37,849 - 37,849 (5,575) (4,431) (10,004) 136,079 126,075 |
2022 Total Funds £ 32,274 4,263 36,537 37,849 4,644 42,493 (5,956) - (5,956) 137,900 131,944 |
2021 Total Funds £ 45,425 1,055 |
|---|---|---|---|---|
| 46,480 216 1,440 |
||||
| 1,656 | ||||
| 44,824 - |
||||
| 44,824 93,076 |
||||
| 137,900 |
- 4 -
THE BRIDGE CHARITY
BALANCE SHEET FOR THE YEAR ENDED 5 APRIL 2022
| Notes FIXED ASSETS Tangible assets 8 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 10 Unrestricted funds Restricted funds |
2022 Total Funds £ - 133,864 133,864 (1,920) 131,944 131,944 131.944 5,869 126,075 131,944 |
2021 Total Funds £ - 158,736 |
|---|---|---|
| 158,736 (20,836) |
||
| 137,900 | ||
| 137,900 | ||
| 137,900 | ||
| 1,821 136,079 |
||
| 137,900 |
The financial statements were approved by the Board of Trustees on 30 Jan 2023 and were signed on its behalf by:
John Dixon J Dixon (Jan 30, 2023, 4:00pm) Trustee
- 5 -
THE BRIDGE CHARITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared in accordance with the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP) FRS102. The charity is a public benefit entity for the purposes of FRS102. The functional currency is £ sterling.
Going Concern
The trustees have assessed whether the use of going concern is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of the approval of these financial statements. In particular, the trustees have considered the charity forecasts and projections and have taken account of pressures on income. After making enquiries, the trustees have concluded that there is a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future.
Income
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity, this is normally upon notification of the interest paid or payable by the bank.
Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis under the following heading:
Expenditure on charitable activities includes donations made to other charities. Grants paid to charities and individuals are approved by trustees at meetings before formally being sent to the respective beneficiaries and accounted for by the Trust. Governance costs includes only the independent examiners fees.
Taxation
The Charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor on when funds are raised for particular restricted purposes.
- 6 -
THE BRIDGE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 5 APRIL 2022
2. DONATIONS
| 2022 £ Donations 32,274 In 2022, donations were entirely restricted. 3. INCOME FROM OTHER TRADING ACTIVITIES 2022 £ Fundraising events 4,263 In 2022, income from other trading activities was entirely unrestricted. 4. CHARITABLE ACTIVITIES 2022 £ Fan makers 4,588 Seckford 216 Jack Petchey 10,562 Tallow Chandlers 22,483 37,849 5. OTHER EXPENDITURE 2022 £ Governance Costs 1,920 TBLT 2,724 4,644 |
2021 £ 45,425 |
|---|---|
| 2021 £ 1,055 |
|
| 2021 £ - 216 - - |
|
| 216 | |
| 2021 £ 1,400 - |
|
| 1,400 |
6. TRUSTEES’ REMUNERATION AND BENEFITS
There was no Trustees’ remuneration or other benefits for the year ended 5 April 2022 nor for the year ended 5 April 2021.
Trustees’ expenses
There were no Trustees’ expenses paid for the year ended 5 April 2022 nor for the year ended 5 April 2021.
7. STAFF COSTS
There were no staff employed by the charity other than Trustees, who received no remuneration.
- 7 -
THE BRIDGE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 5 APRIL 2022
| 8. TANGIBLE FIXED ASSETS COST At 6 April 2021 DISPOSALS NET BOOK VALUE At 5 April 2022 . CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Intercompany loan Accruals |
2022 £ - 1,920 1,920 |
Motor Vehicles £ 187,940 |
|
|---|---|---|---|
| (187,940) | |||
| - | |||
| 2021 £ 19,369 1,440 |
|||
| 20,836 |
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
- 8 -
THE BRIDGE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 5 APRIL 2022
| 10. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds School journey Musical interaction Jack Petchey Seckford Foundation Fanmakers Sammy Brett Wor Tallow Chandlers Joshua Tribute MADL – TBP – Bikes Marathon Sport relief Minibus Sensory Garden ILS Eyegaze system Hungerford Primary Richard Cloudesley Foundation Bridge Barbeque Film Maker ILS ILS Sensory Room TOTAL FUNDS |
At 06/04/21 £ 1,821 200 262 10,561 33,438 4,588 - 23,595 337 - - 54 1,005 16,435 5,030 2,266 1,591 6,000 (783) 1,500 30,000 136,079 137,900 |
Net movement in funds £ 4,048 - (262) (10,561) 16,546 (4,588) 2,812 (23,595) (337) 700 1,508 (54) (1,005) 314 - (2,266) - (6,000) 783 - 16,000 (10,004) (5,955) |
At 05/04/22 £ 5,869 200 - - 49,984 - 2,812 - - 700 1,508 - - 16,749 5,030 - 1,591 - - 1,500 46,000 |
|---|---|---|---|
| 126,075 | |||
| 131,944 |
- 9 -
THE BRIDGE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 5 APRIL 2022
Net movement in funds, included in the above are as follows:
| Unrestricted funds General Fund Restricted Funds Jack Petchey Seckford Foundation Sammy Brett Fanmakers Wor Tallow Chandlers Sensory Garden Richard Cloudesley Foundation Bridge Barbeque ILS Sensory Room MADL – TBP – Bikes Marathon Musical Interation Joshua Tribute Sport Relief Minibus Eyegaze system TOTAL FUNDS |
Income £ 4,263 - 19,574 - 2,000 - - - - 10,000 700 - 262 337 54 1,005 2,266 32,274 36,537 |
Expenditure £ (4,645) (10,561) (216) - (4,588) (22,483) - - - - - - - - - - - (37,848) (42,493) |
Transfers between funds £ 4,431 - (2,812) 2,812 (2,000) (1,112) 314 (6,000) 783 6,000 - 1,508 (262) (337) (54) (1,005) (2,266) (4,431) - |
Net movement in funds £ 4,048 (10,561) 16,546 2,812 (4,588) (23,595) 314 (6,000) 783 16,000 700 1,508 (262) (337) (54) (1,005) (2,266) |
|---|---|---|---|---|
| (10,004) | ||||
| (5,955) |
- 10 -
THE BRIDGE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 5 APRIL 2022
| 10. MOVEMENT IN FUNDS – PRIOR YEAR At 06/04/20 £ Unrestricted funds General fund 2,206 Restricted funds School journey 200 Musical interaction 262 Jack Petchey 10,561 Seckford Foundation Fanmakers 19,729 4,588 Wor Tallow Chandlers 23,595 Joshua tribute 337 Sport relief 54 Minibus 1,005 Sensory garden ILS 16,435 5,030 Eyegaze system Hungerford Primary Richard Cloudesley Foundation Bridge Barbeque Film Maker ILS ILS Sensory Room 2,266 1,591 6,000 (783) - - 90,870 TOTAL FUNDS 93,076 Net movement in funds, included in the above are as follows: |
Net movement in funds £ (385) - - - 13,709 - - - - - - - - - - 1,500 30,000 45,209 44,824 |
Transfers between funds £ - - - - - - - - - - - - - - - - - - - - |
At 05/04/21 £ 1,821 200 262 10,561 33,438 4,588 23,595 337 54 1,005 16,435 5,030 2,266 1,591 6,000 (783) 1,500 30,000 |
|---|---|---|---|
| 136,079 | |||
| 137,900 | |||
| Unrestricted funds General fund Restricted funds Seckford Foundation Film Maker ILS ILS Sensory Room TOTAL FUNDS |
Income £ 1,055 13,925 1,500 30,000 45,425 46,480 |
Expenditure £ (1,440) (216) - - (216) (1,656) |
Movement in funds £ (385) 13,709 1,500 30,000 |
|---|---|---|---|
| 45,209 | |||
| 44,824 |
- 11 -
THE BRIDGE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 5 APRIL 2022
11. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Restricted Funds | Unrestricted Funds | Total Funds | |
|---|---|---|---|
| Current assets | 126,075 | 7,789 | 133,864 |
| Creditors | - | (1,920) | (1,920) |
| Net assets | 126,075 | 5,869 | 131,944 |
12. RELATED PARTY TRANSACTIONS
During the year recharges of £1,920 (2021 – £1,440) were incurred in relation to the Independent Examination and to a proportion of salary costs for a partnership and communications officer employed by The Bridge MAT Limited, of which P Barratt is CEO and Trustee.
During the year there were two elements of donations made to The Bridge London Trust, £37,633 relating to restricted activities and £2,773 relating to unrestricted activities.
- 12 -