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2023-04-05-accounts

Registered Charity Number: 801885

THE BRIDGE CHARITY

REPORT OF THE TRUSTEES

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

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 2023. 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 (Resigned 13[th] July 2023) 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

In 2022/23 we received funding and donations from a consistent core group of regular supporters and ambassadors. Contributions ranging family and friends of young people attending our schools, alongside regular commitments from community partners Making a Difference Locally, special relationships with Seckford & Woodford, and The Worshipful Company of Fanmakers. This was boosted by corporate donations, small grant awards and match funding pledges from employers of parents

Across our schools the charity has been able to add additional sensory and dedicated sheltered play space, more specialist trikes, outward bound trips and also add a further Outdoor Learning Space having completed development of our original Forest School area. We have established our first Bursary from the Charity to support access to teacher training for unqualified staff – Michael Streat & Woodbridge Award. We are encouraging our schools and their parents to work together in maintaining and building momentum within our Charity via events, organised runs and sponsorship.

THE BRIDGE CHARITY

REPORT OF THE TRUSTEES – CONTINUED –

Financial Review

During the year total income was £37,776 (2022 - £36,537) and expenditure was £113,140 (2022 - £42,493). At the year ended 5 April 2023 total reserves carried forward were £56,151 of which £13,816 were unrestricted (2022 - £5,869) and £42,335 restricted (2022 - £126,075). 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:

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:

Penny Barratt

P Barratt (Feb 20, 2024, 5:21pm) Penny Barratt Trustee

Date: 20 Feb 2024

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 2023 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:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or

  2. 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: 22 February 2024

THE BRIDGE CHARITY

STATEMENT OF FINANCIAL ACTIVITIES - INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2023

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
9
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
9		 Unrestricted
Fund
£
-
14,160
14,160
-
6,213
6,213
7,946
-
7,946
5,869
13,815		 Restricted
Funds
£
23,617
-
23,617
107,356
-
107,356
(83,739)
-
(83,739)
126,075
42,336		 2023
Total
Funds
£
23,617
14,160
37,777
107,356
6,213
113,569
(75,793)
-
(75,793)
131,944
56,151		 2022
Total
Funds
£
32,274
4,263
36,537
37,849
4,644
42,493
(5,956)
-
(5,956)
137,900
131,944

THE BRIDGE CHARITY

BALANCE SHEET FOR THE YEAR ENDED 5 APRIL 2023

Notes
FIXED ASSETS
Tangible assets
CURRENT ASSETS
Cash at bank
CREDITORS
Amounts falling due within one year
8
NET ASSETS
FUNDS
Unrestricted funds
Restricted funds
10		 2023
Total
Funds
£
2022
Total
Funds
£
-
-
60,471
133,864
60,471
133,864
(4,320)
(1,920)
56,151
131,944
13,815
5,869
42,336
126,075
56,151
131,944
16 Feb 2024		 2022
Total
Funds
£
-
133,864
133,864
(1,920)
131,944
5,869
126,075
131,944

The financial statements were approved by the Board of Trustees on ……………………….and were signed on its behalf by:

Penny Barratt

P Barratt (Feb 20, 2024, 5:21pm) Penny Barratt Trustee

THE BRIDGE CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

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.

THE BRIDGE CHARITY

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 5 APRIL 2023

2.
DONATIONS
2023
£
Donations
23,617
In 2023 and 2022, donations were entirely restricted.
3.
INCOME FROM OTHER TRADING ACTIVITIES
2023
£
Fundraising events
14,160
In 2023 and 2022, income from other trading activities was entirely unrestricted.
4.
CHARITABLE ACTIVITIES
2023
£
Fan makers
-
Seckford
41,781
Jack Petchey
-
Tallow Chandlers
ILS Playground
Film Maker ILS
ILS Sensory Room
-
5,030
1,800
58,745
107,356
Restricted income in 2023 was £107,356 (2022: £37,849).
5.
OTHER EXPENDITURE
2023
£
Governance Costs
2,400
TBLT
3,813
6,213		 2022
£
32,274
2022
£
4,263
2022
£
4,588
216
10,562
22,483
-
-
-
37,849
2022
£
1,920
2,724
4,644

Unrestricted expenditure in 2023 was £6,213 (2022: £4,644).

6. TRUSTEES’ REMUNERATION AND BENEFITS

There was no Trustees’ remuneration or other benefits for the year ended 5 April 2023 nor for the year ended 5 April 2022.

Trustees’ expenses

There were no Trustees’ expenses paid for the year ended 5 April 2023 nor for the year ended 5 April 2022.

THE BRIDGE CHARITY

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 5 APRIL 2023

7. Staff Costs

There were no staff employed by the charity other than Trustees, who received no remuneration.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Related party loan
Accruals		 2023
£
1,920
2,400
4,320		 2022
£
-
1,920
1,920
9. MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
School journey
Seckford Foundation
Fanmakers
Sammy Brett
MADL – TBP – Bikes
Marathon
Sensory Garden
ILS
Hungerford Primary
Film Maker ILS
ILS Sensory Room
TBILS Gen
MADL - TBILS
TOTAL FUNDS		 At
06/04/22
£
5,869
200
49,984
-
2,812
700
1,508
16,750
5,030
1,591
1,500
46,000
-
-
126,075
131,944		 Net movement
in funds
£
7,946
-
(41,173)
3,500
-
1,674
-
-
(5,030)
-
(1,500)
(41,915)
25
680
(83,740)
(75,794)		 At
05/04/23
£
13,815
200
8,811
3,500
2,812
2,374
1,508
16,750
-
1,591
-
4,085
25
680		 At
05/04/23
£
13,815
200
8,811
3,500
2,812
2,374
1,508
16,750
-
1,591
-
4,085
25
680
42,336
56,151

THE BRIDGE CHARITY

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 5 APRIL 2023

Net movement in funds, included in the above are as follows:

Unrestricted funds
General Fund
Restricted Funds
Seckford Foundation
Fanmakers
ILS Sensory Room
MADL – TBP – Bikes
Film Maker ILS
TBILS Gen
MADL – TBILS
ILS
TOTAL FUNDS		 Income
£
14,160
608
3,500
16,830
1,674
300
25
680
-
23,617
37,776		 Expenditure
£
(6,213)
(41,781)
-
(58,745)
-
(1,800)
-
-
(5,030)
(107,356)
(113,570)		 Transfers
between
funds
£
-
-
-
-
-
-
-
-
-
-
-		 Net
movement
in funds
£
7,946
(41,173)
3,500
(41,915)
1,674
(1,500)
25
680
(5,030)
(83,740)
(75,793)

THE BRIDGE CHARITY

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 5 APRIL 2023

9. MOVEMENT IN FUNDS
- PRIOR YEAR
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

THE BRIDGE CHARITY

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 5 APRIL 2023

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. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Restricted Funds Unrestricted Funds Total Funds
Current assets 42,336 18,135 60,471
Creditors - (4,320) (4,320)
Net assets 42,336 13,815 56,151

11. RELATED PARTY TRANSACTIONS

During the year recharges of £2,400 (2022 – £1,920) 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 MAT Limited, £107,356 relating to restricted activities and £3,813 relating to unrestricted activities.