Charity registration number 1051459 (England and Wales)
Company registration number 03135093
THE BRIDGE THEATRE TRAINING COMPANY
(A COMPANY LIMITED BY GUARANTEE)
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
THE BRIDGE THEATRE TRAINING COMPANY
(A COMPANY LIMITED BY GUARANTEE)
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Ms R L Sachdev
Mr M J Harrington
Ms J Hunter
Ms A Roberts
(Appointed 6 September 2023)
Mr N C Baker
(Appointed 18 April 2024)
Secretary
Mr M A Akrill
Charity number
1051459
Company number
03135093
Principal address
Cecil Sharp House
2 Regent's Park Road
London
NW1 7AY
Registered office
19 Parkfield Road
South Harrow
Middlesex
HA2 8LA
Independent examiner
Mark Adrian Gold
Silver Levene (UK) Limited
Chartered Certified Accountants
Level 5A, Maple House
London
W1T 7NF
THE BRIDGE THEATRE TRAINING COMPANY
(A COMPANY LIMITED BY GUARANTEE)
CONTENTS
Page
Trustees' Report report
1 - 2
Independent examiner's report
3 - 4
Statement of financial activities
5
Balance sheet
6
Notes to the financial statements
7 - 13
THE BRIDGE THEATRE TRAINING COMPANY
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 JULY 2024
- 1 -

The trustees present their annual report and financial statements for the year ended 31 July 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's memorandum and articles of association, the Companies Act 2006 and "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

The objects are to advance education by the provision of training to students of all classes, races, ages and nationalities in theatre, drama and the performing arts and to advance public education in the dramatic and performing arts.

The policy adopted in furtherance of these objects is to run a training school and there has been no change in these during the year.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

The company continued to provide training to students in theatre, drama and the performing arts during the year.

 

The trustees confirm that they have had regard to the Charity Commission's published guidance on public benefit.

Achievements and performance

The charity’s past students continue to be involved in successful theatre and television productions which is a great credit to the charity.

Financial review

Income decreased from £314,153 to £208,642 and the overall deficit was increased from £16,328 to £41,280.

Risk Management

The trustees have a risk management strategy which comprises:

Future plans

The Trustees reviewed plans to enhance future recruitment.

Structure, governance and management

The charity is a charitable company limited by guarantee, incorporated on 7 December 1995 and registered as a charity on 15 December 1995. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed by the Articles of Association.

 

 

 

The trustees, who are also the directors for the purpose of company law, and who served during the year were:

Ms R L Sachdev
Mrs R Baker
(Resigned 21 August 2023)
Mr M J Harrington
Ms J Hunter
Ms A Roberts
(Appointed 6 September 2023)
THE BRIDGE THEATRE TRAINING COMPANY
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 JULY 2024
- 2 -
Mr N C Baker
(Appointed 18 April 2024)
The existing trustees invite and appoint persons they consider suitable to join as trustees.

None of the trustees have a beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

 

This report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The Trustees' report report was approved by the Board of Trustees.

Mr M J Harrington
Trustee
Dated: 22 April 2025
THE BRIDGE THEATRE TRAINING COMPANY
(A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE BRIDGE THEATRE TRAINING COMPANY
- 3 -

I report to the trustees on my examination of the accounts of The Bridge Theatre Training Company (the charity) for the year ended 31 July 2024 which comprise the Statement of Financial Activities, the Balance Sheet and related notes.

 

This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the accounts of the charity 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 the charity’s accounts carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

 

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the financial statements present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.

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 that in any material respect:

-

accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.

-

the financial statements do not accord with those records; or

-

the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or

-

the financial statements 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 financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

THE BRIDGE THEATRE TRAINING COMPANY
(A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE BRIDGE THEATRE TRAINING COMPANY
- 4 -

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 financial statements to be reached.

Mark Adrian Gold
Silver Levene (UK) Limited
Chartered Certified Accountants
Level 5A, Maple House
149 Tottenham Court Road
London
W1T 7NF
Dated: 27 April 2025
THE BRIDGE THEATRE TRAINING COMPANY
(A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JULY 2024
- 5 -
Unrestricted
Unrestricted
funds
funds
2024
2023
Notes
£
£
Income from:
Charitable activities
2
208,642
314,153
Total income
208,642
314,153
Expenditure on:
Raising funds
3
33,659
35,787
Charitable activities
4
199,935
244,412
Total expenditure
233,594
280,199
Net income/(expenditure) and movement in funds
(24,952)
33,954
Reconciliation of funds:
Fund balances at 1 August 2023
(16,328)
(50,282)
Fund balances at 31 July 2024
(41,280)
(16,328)

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

THE BRIDGE THEATRE TRAINING COMPANY
(A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET
AS AT
31 JULY 2024
31 July 2024
- 6 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
9
4,251
5,001
Current assets
Cash at bank and in hand
9,279
7,669
Creditors: amounts falling due within one year
10
(54,810)
(28,998)
Net current liabilities
(45,531)
(21,329)
Total assets less current liabilities
(41,280)
(16,328)
The funds of the charity
Unrestricted funds
13
(41,280)
(16,328)
(41,280)
(16,328)

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 July 2024.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 22 April 2025
Mr M J Harrington
Trustee
Company registration number 03135093 (England and Wales)
THE BRIDGE THEATRE TRAINING COMPANY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 7 -
1
Accounting policies
Charity information

The Bridge Theatre Training Company is a private company limited by guarantee incorporated in England and Wales. The registered office is 19 Parkfield Road, South Harrow, Middlesex, HA2 8LA.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102.

 

The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The accounts have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements are prepared on the going concern basis. The trustees have a reasonable expectation that the charity will continue in operational existence for the foreseeable future, however, the trustees are aware of certain material uncertainties which may cause doubt on the charity's ability to continue as a going concern.

1.3
Charitable funds

All retained funds are unrestricted and undesignated. Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4
Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

 

Donations, legacies and other forms of voluntary income are recognised as incoming resources when receivable, except insofar as they are incapable of financial measurement.

 

Monies received before the year end in respect of school fees for the following year are treated as deferred income.

 

Income from training fees receivable is included in incoming resources in the period in which the relevant training takes place.

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

THE BRIDGE THEATRE TRAINING COMPANY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
1
Accounting policies
(Continued)
- 8 -

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

1.5
Expenditure

All expenditure is accounted for on an accruals basis and has been classified under heading that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with use of the resources.

 

Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

 

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
15% reducing balance basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

THE BRIDGE THEATRE TRAINING COMPANY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
1
Accounting policies
(Continued)
- 9 -
Impairment of financial assets

Financial assets, other than those held at fair value through income and expenditure, are assessed for indicators of impairment at each reporting date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.

 

If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in net income/(expenditure) for the year.

 

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in net income/(expenditure) for the year.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.8
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

 

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

THE BRIDGE THEATRE TRAINING COMPANY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 10 -
2
Income from charitable activities
Training fees
Training fees
receivable
receivable
2024
2023
£
£

Income within charitable activities

226,192
336,503
Less: deferred income
(17,550)
(22,350)
208,642
314,153
3

Raising funds

2024
2023
£
£

Costs of publicising the training school and stage shows

Advertising
33,659
35,787
33,659
35,787
4
Expenditure on charitable activities
Staff costs
Other cost
Total
Staff costs
Other cost
Total
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Staff costs
59,488
-
59,488
58,712
-
58,712
Depreciation and impairment
-
750
750
-
882
882

Costs of staging plays

-
113,245
113,245
-
132,220
132,220

Costs of theatre and zoo trips

-
-
-
-
342
342
59,488
113,995
173,483
58,712
133,444
192,156
Share of support costs (see notes)
-
21,412
21,412
19,583
27,813
47,396
Share of governance costs (see note)
-
5,040
5,040
-
4,860
4,860
59,488
140,447
199,935
78,295
166,117
244,412
Analysis by fund
Unrestricted funds
59,488
140,447
199,935
78,295
166,117
244,412
THE BRIDGE THEATRE TRAINING COMPANY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 11 -
5
Support costs
Support costs
Governance costs
2024
Support costs
Governance costs
2023
£
£
£
£
£
£
Support costs
-
-
-
19,583
-
19,583

Other office costs

21,412
-
21,412
27,813
-
27,813

Governance costs

-
5,040
5,040
-
4,860
4,860
21,412
5,040
26,452
47,396
4,860
52,256
Analysed between
Charitable activities
21,412
5,040
26,452
47,396
4,860
52,256

Governance costs includes payments of £5,040 (2023: £4,860) for an independent examination.

6
Net movement in funds
2024
2023
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements
5,040
4,860
Depreciation of owned tangible fixed assets
750
882
7
Employees
Number of employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
Management and administration
6
10
Employment costs
2024
2023
£
£
Wages and salaries
59,488
78,295

The key management personnel of the charity comprises of the Joint Artistic Directors Mark Akrill and Judith Pollard.

 

No employees received emoluments of more than £60,000 during the year or preceding year.

8
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

THE BRIDGE THEATRE TRAINING COMPANY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 12 -
9
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 August 2023
29,435
At 31 July 2024
29,435
Depreciation and impairment
At 1 August 2023
24,434
Depreciation charged in the year
750
At 31 July 2024
25,184
Carrying amount
At 31 July 2024
4,251
At 31 July 2023
5,001

 

10
Creditors: amounts falling due within one year
2024
2023
Notes
£
£
Other taxation and social security
756
377
Deferred income
11
39,900
22,350
Other creditors
4,074
1,231
Accruals
10,080
5,040
54,810
28,998
11
Deferred income
2024
2023
£
£
Other deferred income
39,900
22,350

 

 

2024
2023
£
£
Deferred income is included within:
Current liabilities
39,900
22,350
Movements in the year:
THE BRIDGE THEATRE TRAINING COMPANY
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
11
Deferred income
(Continued)
- 13 -
Deferred income at 1 August 2023
22,350
41,169
Resources deferred in the year
17,550
(18,819)
Deferred income at 31 July 2024
39,900
22,350
12
Retirement benefit schemes
Defined contribution schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

 

The charge to profit or loss in respect of defined contribution schemes was £1,284 (2023: Nil)

13
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 August 2023
Incoming resources
Resources expended
At 31 July 2024
£
£
£
£
General funds
(16,328)
208,642
(233,594)
(41,280)
Previous year:
At 1 August 2022
Incoming resources
Resources expended
At 31 July 2023
£
£
£
£
General funds
(50,282)
314,153
(280,199)
(16,328)
14
Related party transactions

During the year, one of the trustees (R Sachdev) received remuneration or benefit of £42,808.

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