**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.
- 1 -
## **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:
- 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:**
## Penny Barratt
P Barratt (Feb 20, 2024, 5:21pm) Penny Barratt Trustee
Date: 20 Feb 2024
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## **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
3. 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
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## **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|
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## **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
- 5 -
## **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.
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## **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.
- 7 -
## **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|
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## **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)|
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## **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|
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## **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)|
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## **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.
- 12 -