2023-09-01 SC741149 2024-08-31 SC741149 2023-09-01 2024-08-31 SC741149 uk-bus:Director1 2023-09-01 2024-08-31 SC741149 uk-bus:Director1 2024-08-31 SC741149 uk-bus:Director2 2023-09-01 2024-08-31 SC741149 uk-bus:Director2 2024-08-31 SC741149 uk-bus:Director3 2023-09-01 2024-08-31 SC741149 uk-bus:Director3 2024-08-31 SC741149 uk-char:TotalUnrestrictedFunds 2023-09-01 2024-08-31 SC741149 2023-08-31 SC741149 2022-09-01 2023-08-31 SC741149 uk-core:WithinOneYear 2024-08-31 SC741149 uk-core:WithinOneYear 2023-08-31 SC741149 uk-char:TotalUnrestrictedFunds 2024-08-31 SC741149 uk-char:TotalUnrestrictedFunds 2023-08-31 SC741149 uk-char:TotalUnrestrictedFunds uk-char:MaterialFund1 2023-09-01 2024-08-31 SC741149 uk-char:TotalUnrestrictedFunds 2022-09-01 2023-08-31 SC741149 uk-char:MaterialFund1 uk-char:TotalUnrestrictedFunds 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure SC741149 uk-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 SC741149 uk-bus:FRS102 2023-09-01 2024-08-31 SC741149 uk-bus:FullAccounts 2023-09-01 2024-08-31
(Scotland)
Company number: SC741149
Charity number: SC050930
The Bridge Aberdeen Ltd
For the year ended 31 August 2024
Report of the Trustees and Unaudited Financial Statements
2
For the year ended 31 August 2024
The Bridge Aberdeen Ltd
Contents Page
1
Report of the Trustees
2
Independent Examiner's Report to the Trustees
3
Statement of Financial Activities
4
Statement of Financial Position
5 to 8
Notes to the Financial Statements
3
For the year ended 31 August 2024
The Bridge Aberdeen Ltd
Report of the Trustees
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the
financial statements for the charitable company for the year ended 31 August 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 the Republic of Ireland (FRS
102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
REFERENCE AND ADMINISTRATIVE INFORMATION
The Bridge Aberdeen Ltd
Name of Charity
Charity registration number
SC050930
SC741149
Company registration number
31 Palmerston Road
Principal address
Aberdeen
AB11 5QP
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Jide Oluwadayomi
Olushola Ajide
Dr Dolapo Ayansina
Wilfred Emmanuel
Independent examiners
A7 Accounting
Centurion court, north esplanade west
Aberdeen
AB11 5QH
.............................................................................
Approved by the Board of Trustees and signed on its behalf by
30 May 2025
Jide Oluwadayomi
1 of 8
4
For the year ended 31 August 2024
The Bridge Aberdeen Ltd
Independent Examiners Report to the Trustees
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 August 2024.
Responsibilities and basis of report
As the charity 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 Charities and Trustee Investment (Scotland) Act 2005 ('the 2005 Act') , the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Companies Act 2006 ('the 2006 Act'). You are satisfied that the accounts of the Company are not required by charity or company law to be audited and have chosen instead to have an independent examination. 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 carried out under section 44 (1)(c) of the 2005 Act. In carrying out my examination I have followed the requirements of Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended).
Independent examiners statement
Since the Company is required by law to prepare its accounts on an accruals basis and is registered in Scotland, your
examiner must be a member of a body listed in Regulation 11(2) of the Charities Accounts (Scotland) Regulations 2006 (as
amended). I confirm that I am qualified to undertake the examination by virtue of my membership of , which is one of the
listed bodies.
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:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act and Regulation 4
of the Charities Accounts (Scotland) Regulations 2006 (as amended); or
2. the accounts do not accord with those records with the accounting requirements of Regulation 8 of the Charities Accounts
(Scotland) Regulations 2006; 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.
Wilfred Emmanuel
A7 Accounting
Centurion court, north esplanade west
Aberdeen
AB11 5QH
30 May 2025
2 of 8
5
For the year ended 31 August 2024
The Bridge Aberdeen Ltd
Statement of Financial Activities (including Income and Expenditure Account)
2023
Unrestricted
funds
Notes
£
£
Income and endowments from:
Donations and legacies
18,645
-
2
Total
18,645
-
Expenditure on:
Raising funds
(980)
-
3
Charitable activities
(11,616)
-
4/5
Total
(12,596)
-
6,049
-
Net income/expenditure
Reconciliation of funds
Total funds brought forward
-
2,567
Total funds carried forward
8,616
-
3 of 8
6
SC741149
Registered Number :
As at 31 August 2024
The Bridge Aberdeen Ltd
Statement of Financial Position
£
£
Notes
2024
2023
Current assets
Cash at bank and in hand
7,916
-
7,916
-
Creditors: amounts falling due within one year
700
-
8
Net current assets
8,616
-
Total assets less current liabilities
8,616
-
Net assets
8,616
-
The funds of the charity
Unrestricted income funds
9
8,616
-
Total funds
8,616
-
For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
The trustees 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
30 May 2025
Jide Oluwadayomi
4 of 8
7
For the year ended 31 August 2024
The Bridge Aberdeen Ltd
Notes to the Financial Statements
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 (FRS 102), and the Companies Act 2006. The Bridge Aberdeen Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
2. Income from donations and legacies
2023
2024
£
£
Unrestricted funds
Donations received
-
18,645
-
18,645
3. Expenditure on generating donations and legacies
2023
2024
£
£
Unrestricted funds
Donations
-
980
980
-
4. Costs of charitable activities by fund type
2023
2024
£
£
Unrestricted funds
-
11,616
Support costs
5 of 8
8
For the year ended 31 August 2024
The Bridge Aberdeen Ltd
Notes to the Financial Statements Continued
5. Costs of charitable activities by activity type
2023
2024
£
£
Support costs
Activity 1
11,616
-
6. Analysis of support costs
2023
2024
£
£
Activity 1
Management
8,961
-
IT
2,039
-
Governance costs
616
-
-
11,616
7. Staff costs and emoluments
Total staff costs for the year ended 31 August 2024 were:
2024
2023
£
£
Salaries and wages
8,961
-
8,961
-
2024
2023
1
Admin
1
1
1
Number of full time stff equivalents is in 2019 was 2, compared to 3 in 2018
6 of 8
9
For the year ended 31 August 2024
The Bridge Aberdeen Ltd
Notes to the Financial Statements Continued
8. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
(700)
-
(700)
-
9. Movement in funds
Unrestricted Funds
Balance at
01/09/2023
Incoming
resources
Outgoing
resources
Balance at
31/08/2024
£
£
£
£
General
2,567
18,645
(12,596)
8,616
General
2,567
18,645
(12,596)
8,616
Unrestricted Funds - Previous year
Balance at
01/09/2022
Incoming
resources
Outgoing
resources
Balance at
31/08/2023
£
£
£
£
General
-
-
-
-
Purpose of unrestricted Funds
General
General
7 of 8
10
For the year ended 31 August 2024
The Bridge Aberdeen Ltd
Notes to the Financial Statements Continued
10. Analysis of net assets between funds
Net current
assets /
(liabilities)
Net Assets
£
£
Unrestricted funds
General
8,616
8,616
General
8,616
8,616
Previous year
Net current
assets /
(liabilities)
Net Assets
£
£
Unrestricted funds
General
-
-
8 of 8