REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
FINANCIAL STATEMENTS FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024 |
FOR |
BRIDGE BUILDERS MENTORING |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
FINANCIAL STATEMENTS FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024 |
FOR |
BRIDGE BUILDERS MENTORING |
BRIDGE BUILDERS MENTORING |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024 |
Page |
Reference and Administrative Details | 1 |
Report of the Trustees | 2 | to | 3 |
Independent Examiner's Report | 4 |
Statement of Financial Activities | 5 |
Statement of Financial Position | 6 |
Notes to the Financial Statements | 7 | to | 11 |
BRIDGE BUILDERS MENTORING |
REFERENCE AND ADMINISTRATIVE DETAILS |
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024 |
TRUSTEES |
REGISTERED OFFICE |
REGISTERED COMPANY NUMBER |
REGISTERED CHARITY NUMBER |
INDEPENDENT EXAMINER | BK Plus |
6 Manor Park Business Centre |
Mackenzie Way |
Cheltenham |
Gloucestershire |
GL51 9TX |
BRIDGE BUILDERS MENTORING (REGISTERED NUMBER: 08734127) |
REPORT OF THE TRUSTEES |
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 1 September 2022 to 29 February 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
To advance in life and relieve needs of young people who are economically and socially disadvantaged through providing mentoring support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals. |
Public benefit |
In planning the charity's activities for the period the trustees kept in mind the Charity Commission's guidance on public benefit. The focus of the charity's activities during the period, which explains the delivery by the charity of public benefit, is set out above under 'objectives and aims' and below under 'achievement and performance'. |
ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
We continue to equip mentors with additional skills and knowledge. Due to Covid-19, we held our annual mentor development day virtually. During this session we ran a workshop for mentors on some of the latest thinking in relation to class and social mobility. We introduced our mentors to the concept of Field Theory by the French Sociologist Pierre Bourdieu and power dynamics in society, especially the diverse and subtle ways in which power is transferred and social order is maintained within and across generations. The concepts of economic, social and cultural capital were explained in the context of mentoring to understand some of the limitations and unconscious barriers mentees face. |
We have a robust process for mentor onboarding which includes conducting DBS checks and a mandatory requirement that every mentor attends an induction session. During these sessions, the concept of mentoring pupils from disadvantaged backgrounds is explained as well as describing how the annual mentoring cycle works. Mentors leave the induction session with a full understanding of their role and how they can make a positive impact on the lives of the pupils they work with. We continue to partner with TES to deliver Safeguarding training for mentors. |
We continue to receive feedback from schools indicating that our work has a positive impact on attendance, punctuality, social skills and academic attainment. Some schools conduct surveys at the end of the mentoring year which indicates the level of mentee satisfaction from the involvement of Bridge Builders. We conduct a mid-year review with school leaders halfway through the academic year to receive feedback on the performance of our mentors and to seek advice on whether any adjustments to the programme are needed. |
We have been able to facilitate the annual work experience day face-to-face again which was a highlight of the programme this year. |
FINANCIAL REVIEW |
Financial position and reserves policy |
Due to the relatively low level of funds available for investment, the Trustees consider that bank deposits provide a satisfactory return to the charity. |
FUTURE PLANS |
Further to the death of Clive Lewis (Bridge Builders Founder) last year, Trustees have decided the best way to honour Clive’s legacy is to close Bridge Builders and transfer funds to two charities with similar missions (who have the capacity to continue the good work). We envisage Bridge Builders closing in Q1 2024. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
BRIDGE BUILDERS MENTORING (REGISTERED NUMBER: 08734127) |
REPORT OF THE TRUSTEES |
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024 |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
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. |
CESSATION OF TRADING |
The charitable company ceased activities on 29 February 2024. |
TRUSTEES' RESPONSIBILITY STATEMENT |
The trustees (who are also the directors of Bridge Builders Mentoring for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). |
Company law 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to |
- | select suitable accounting policies and then apply them consistently; |
- | observe the methods and principles in the Charity SORP; |
- | make judgements and estimates that are reasonable and prudent; |
- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. |
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. |
Approved by order of the board of trustees on |
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
BRIDGE BUILDERS MENTORING |
Independent examiner's report to the trustees of Bridge Builders Mentoring ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the period 1 September 2022 to 29 February 2024. |
Responsibilities and basis of report |
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. |
Independent examiner's statement |
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: |
1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or |
2. | the accounts do not accord with those records; or |
3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or |
4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). |
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. |
Cinzia Hensley FCA |
The Institute of Chartered Accountants in England and Wales |
BK Plus |
6 Manor Park Business Centre |
Mackenzie Way |
Cheltenham |
Gloucestershire |
GL51 9TX |
8 April 2024 |
BRIDGE BUILDERS MENTORING |
STATEMENT OF FINANCIAL ACTIVITIES |
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024 |
Period |
1.9.22 |
to | Year ended |
29.2.24 | 31.8.22 |
Unrestricted | Total |
fund | funds |
Notes | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Other trading activities | 2 |
Investment income | 3 |
Total |
EXPENDITURE ON |
Charitable activities | 4 |
Charitable | 97,866 | 18,476 |
NET INCOME/(EXPENDITURE) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 95,904 |
BRIDGE BUILDERS MENTORING (REGISTERED NUMBER: 08734127) |
STATEMENT OF FINANCIAL POSITION |
29 FEBRUARY 2024 |
29.2.24 | 31.8.22 |
Unrestricted | Total |
fund | funds |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 11 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 12 | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 13 |
Unrestricted funds | 95,904 |
TOTAL FUNDS | 95,904 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 February 2024. |
The members have not required the company to obtain an audit of its financial statements for the period ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
BRIDGE BUILDERS MENTORING |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
Income |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
Expenditure |
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. |
Taxation |
The charity is exempt from corporation 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 or when funds are raised for particular restricted purposes. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
2. | OTHER TRADING ACTIVITIES |
Period |
1.9.22 |
to | Year ended |
29.2.24 | 31.8.22 |
£ | £ |
Fees for services | 1,600 | 17,200 |
BRIDGE BUILDERS MENTORING |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024 |
3. | INVESTMENT INCOME |
Period |
1.9.22 |
to | Year ended |
29.2.24 | 31.8.22 |
£ | £ |
Deposit account interest |
4. | CHARITABLE ACTIVITIES COSTS |
Grant |
funding of |
Direct | activities | Support |
Costs (see | (see note | costs (see |
note 5) | 6) | note 7) | Totals |
£ | £ | £ | £ |
Charitable | 12,140 | 82,464 | 3,262 | 97,866 |
5. | DIRECT COSTS OF CHARITABLE ACTIVITIES |
Period |
1.9.22 |
to | Year ended |
29.2.24 | 31.8.22 |
£ | £ |
Premises costs | - | 620 |
Telephone | - | 578 |
Advertising | 455 | - |
Administrative expenses | 7,466 | 13,629 |
Training costs | 219 | 835 |
Bad debts | 4,000 | - |
Travel costs | - | 450 |
12,140 | 16,112 |
6. | GRANTS PAYABLE |
Period |
1.9.22 |
to | Year ended |
29.2.24 | 31.8.22 |
£ | £ |
Charitable | 82,464 | - |
The total grants paid to institutions during the period was as | follows: |
Period |
1.9.22 |
to | Year ended |
29.2.24 | 31.8.22 |
£ | £ |
Lordshill Charity | 61,848 | - |
Young Glos | 20,616 | - |
BRIDGE BUILDERS MENTORING |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024 |
7. | SUPPORT COSTS |
Governance |
costs |
£ |
Charitable | 3,262 |
Support costs, included in the above, are as follows: |
Period |
1.9.22 |
to | Year ended |
29.2.24 | 31.8.22 |
Total |
Charitable | activities |
£ | £ |
Bank charges | - | 33 |
Accountancy fees | 3,262 | 2,331 |
3,262 | 2,364 |
8. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the period ended 29 February 2024 nor for the year ended 31 August 2022. |
Trustees' expenses |
There were no trustees' expenses paid for the period ended 29 February 2024 nor for the year ended 31 August 2022. |
9. | STAFF COSTS |
The average monthly number of employees during the period was as follows: |
Period |
1.9.22 |
to | Year ended |
29.2.24 | 31.8.22 |
Charitable Activities |
BRIDGE BUILDERS MENTORING |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024 |
10. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted |
fund |
£ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Other trading activities |
Total |
EXPENDITURE ON |
Charitable activities |
Charitable | 18,476 |
NET INCOME |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 95,904 |
11. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.2.24 | 31.8.22 |
£ | £ |
Trade debtors |
12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.2.24 | 31.8.22 |
£ | £ |
Other creditors |
Accrued expenses |
13. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1.9.22 | in funds | 29.2.24 |
£ | £ | £ |
Unrestricted funds |
General fund | 95,904 | (95,904 | ) | - |
TOTAL FUNDS | (95,904 | ) | - |
BRIDGE BUILDERS MENTORING |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 SEPTEMBER 2022 TO 29 FEBRUARY 2024 |
13. | MOVEMENT IN FUNDS - continued |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 1,962 | (97,866 | ) | (95,904 | ) |
TOTAL FUNDS | ( |
) | (95,904 | ) |
Comparatives for movement in funds |
Net |
movement | At |
At 1.9.21 | in funds | 31.8.22 |
£ | £ | £ |
Unrestricted funds |
General fund | 87,867 | 8,037 | 95,904 |
TOTAL FUNDS | 87,867 | 8,037 | 95,904 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 26,513 | (18,476 | ) | 8,037 |
TOTAL FUNDS | 26,513 | (18,476 | ) | 8,037 |
14. | RELATED PARTY DISCLOSURES |
During the period Globis Limited invoiced the charity £414 (2022: £2,909) on an arms length basis for premises, administration and training costs. |