THE BRIDGE NETWORK C.I.C.

Company limited by guarantee

Company Registration Number:
12567918 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

THE BRIDGE NETWORK C.I.C.

Contents of the Financial Statements

for the Period Ended 30 April 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

THE BRIDGE NETWORK C.I.C.

Directors' report period ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Principal activities of the company

Principal activity of the company during the financial year was of community support and engagement

Additional information

Statement of directors' responsibilities The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to : select suitable accounting policies and then apply them consistently make judgements and accounting estimates that are reasonable and prudent state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions



Directors

The directors shown below have held office during the whole of the period from
1 May 2023 to 30 April 2024

ONYEKA, Esther Glory
LONGE, Sarah Adurasanmi


The director shown below has held office during the period of
21 February 2024 to 30 April 2024

LONGE, Michael Oluwatobi


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
30 January 2025

And signed on behalf of the board by:
Name: LONGE, Sarah Adurasanmi
Status: Director

THE BRIDGE NETWORK C.I.C.

Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 39
Gross profit(or loss): 39
Administrative expenses: ( 250 ) ( 250 )
Operating profit(or loss): (211) (250)
Profit(or loss) before tax: (211) (250)
Profit(or loss) for the financial year: (211) (250)

THE BRIDGE NETWORK C.I.C.

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 154 154
Cash at bank and in hand: 71 32
Total current assets: 225 186
Creditors: amounts falling due within one year: 4 ( 250 ) ( 250 )
Net current assets (liabilities): (25) (64)
Total assets less current liabilities: (25) ( 64)
Creditors: amounts falling due after more than one year: 5 ( 550 ) ( 300 )
Total net assets (liabilities): (575) (364)
Members' funds
Profit and loss account: (575) ( 364)
Total members' funds: ( 575) (364)

The notes form part of these financial statements

THE BRIDGE NETWORK C.I.C.

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 30 January 2025
and signed on behalf of the board by:

Name: LONGE, Sarah Adurasanmi
Status: Director

The notes form part of these financial statements

THE BRIDGE NETWORK C.I.C.

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Other accounting policies

    The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies

THE BRIDGE NETWORK C.I.C.

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

THE BRIDGE NETWORK C.I.C.

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Debtors

2024 2023
£ £
Other debtors 154 154
Total 154 154

THE BRIDGE NETWORK C.I.C.

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 250 250
Total 250 250

THE BRIDGE NETWORK C.I.C.

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 550 300
Total 550 300

COMMUNITY INTEREST ANNUAL REPORT

THE BRIDGE NETWORK C.I.C.

Company Number: 12567918 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

Over the past year, our activities have primarily focused on conducting community research in preparation for the re-launch of a more effective platform, tailored to better serve the needs of the primary community. Additionally, I have been delivering university lectures aimed at raising awareness and gaining deeper insights into how we can best support and engage with the community.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
30 January 2025

And signed on behalf of the board by:
Name: Sarah Adurasanmi LONGE
Status: Director