Registered number: 3105645
Charity number: 1051383
THE BRIDGE PROJECT SUDBURY
(A company limited by guaranlee)
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

THE BRIDGE PROJECT SUDBURY
(A company Ilmiled by guarantee)
CONTENTS
Page
Reference and administralive details of Ihe Company, ils Trustees and advisers
Trustees. report
Independent examiner's report
Statement of financial activities
Balance sheet
Statement of cash flows
13
Notes to the financial slatements
14-29

THE BRIDGE PROJECT SUDBURY
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DEfAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
Miles Beasley
Ronan Mcmanus (resigned 5 June 2023)
Paul Mackman
Stephen Varcoe MA (resigned 4 March 2024)
Wendy Parker (resigned 15 June 2023}
Rachel Shaw
Rosy Stamp
Jake Millar {appointed 4 September 2023, resigned 16 May 20241
Company registered number
3105645
Charily registered number
1051383
Registered office
12 Borehamgate
King Street
Sudbury
Suffolk
C010 2EG
Chief executive officer
David Jackson
Accounlants
Griffin Chapman
Chartered Accounlanls
4 & 5 The Cedars
Apex12
Old Ipswich Road
Colchesler
Essex
C07 7QFI
Page 1

THE BRIDGE PROJECT SUDBURY
(A company Ilmlted by guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report together wth the financial statements of the Company for the 1 April
2023 to 31 March 2024. The AnnLAal reporl serves the purposes of both a Trustees, report and a directors. report
under company law. The Truslees confirm that the Annual report and linancial statements of the charitable
company comply with the current statutory requirements, the requirements of the charitable companls
governing document and Ihe provisions of the Statemenl of Recommended Praclice (SORPI applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic ol Ireland IFRS102) (effective 1 January 2019).
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategie report
required ol medium and large companies under the Companies Acl 2006 {Strategic Report and Directors,
Report) Regulations 2013 has been omitted.
Objectives and activltles
Policies and obleclives
The Charilws objectives are-
To relieve and rehabilitate persons who face multiple disadvantage through their learning, physical, menlal and
age-related experience or situation. resident in Easl Anglia in such ways as Ihe Charily believes provides posifve
outcomes.
Our principle activilies are to:
Identify and actively pursue opportunilies to maximise individual life satisfaction to people within Sudbury and
the surrounding areas.
2. Provide a range ol targeted services to
a} People with learning dilficulties
b) Older adults
cl Those affected by dementia
dl People affected by mental health issues
b. Public Benefit
In setting objectives and planning for activities. the Trustees have given due consideration to general guidance
published by the charity Commission relating to public benefit, including ihe guidance 'Public benefil-. running a
charity {P82}'
c. Aclivities undertaken to achieve obiectives
Our operations were delivered from multiple sites. Due to our values nol aligning our catering provisions were
moved from AFC Sudbury to Byford Road. activities and opportunties for service users at the Create coffee and
craft shop were expanded and the new St Peters Arls Centre was opened. Our supported housing remained at
Priory Walk.
During the year we provided=
60 rneals a day for the vulnerable needing support to stay in their own home, providing welfare checks and
fresh nutritious meals.
Catering for a weekly lunch club. offering a welcoming environmenl and a chance to reduce social isolation.
A safe and stimulating real world work environmenl for our adults with learning disabilities lo develop kitchen
skills and confidence.
A weekly meeting for those with dementia and those supporting people with dementia, providing activities
Page 2

THE BRIDGE PROJECT SUDBURY
{A company Ilmited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Objectives and actlvities (contlnued)
and a safe space for support and sign posting.
Volunleer Iraining and development.
Catering and hospilality for AFC Sudbury providing opportunity for integration and real-world work
placements.
Commercial Craft Craft and Arts Centre settings in Sudbury providing volunteering and workplace
opportunities for our service users.
A supported housing unit for people with learning disabilities and additional respile.
Day services for 25 adults with learning disabilities (Monday to Friday).
Achlevemenls and performance
a. Revlew of activities
Thanks tor taking the time to look at our Annual Report for 2023-24. You'll find out about the work we've been
doing, the impact we've had and some of our plans for the luture.
'Hope and change are hard fought things'_ Michelle Obama
Our year has been a generally challenging one, reflecting most of the communities in which we serve. The
impact of inflation and the 'cost of living crisis.. plus the continued recovery after Ihe Covid-19 pandemic, has
been huge and widespread. As well as raising costs for us as an organisation, especially with utility Costs, it's
affected Ihose areas where we generate income. However, it has also impacted the people we work wilh and the
staff Ihat deliver this work as well.
Despite these pressures, we've continued to offer a wide variety of quality work within our communities. We have
achieved great success by opening Sudbury Arts Cenlre {lormerly St Peters Church} in November, in
partnership with The Church Conservation SoGiety. Since opening we have now had over 30,000 people through
the door, providing community events, concerts, art exhibilions and attracting a wider variety of people through
the doors than ever before. Providing work placemenl opportunities for adults with learning disabilities in the
heart of our community.
23124 saw significant investment in the development of Brundon lane site, and we are hugely grateful lo Social
Investment Business, Garfield Weston, The National Lottery Community Fund and Babergh District Councils CIL
fund. Without the support shown our journey would have been much more difficull.
We would like to thank all the team and volunteers, who have pulled together to produce exceptional results.
During the year we have supported:
25 adults with LD every day
60 elderly people daily
416 places attended at Dementia calé
21,900 meals delivered
Moved 1 kitchen {with no interruption to seNice)
Opened 1 Arts Centre
Page 3

THE BRIDGE PROJECT SUD8URY
(A company limlted by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Achlevemenls and performance (continued)
25,000 people through the doors of SAC in the first 4 months
1 ,560 pots painted and fired
1,300 daily supported work placements provided
25 staff passing 200 training courses
Full planning approval achieved on 1 new building
£234K funding from The National Lotlery Community Fund secured
£30K from Garfield Weslon Secured
2 independent living spaces provided
9,797 journeys to bring students to the Bridge
8.112 hrs of independent living support care provided
Due to our values and objectives not aligning we have seen our focus change from working out of the club house
at AFC Sudbury and moved our kitchen and meal delivery provision to a new venue at Byford road, we were able
lo do this with the support of some amazing companies and people pulling togelher. Without a single
interruption, we moved our kitchen in 48hrs and at the same time created a training kitchen providing more work
place opporiunilies. The kilchen continued to deliver on average 60 meals daily to the elderly and vulnerable in
the communily, whilst providing a regular welfare check and friendly face. We have also seen capacity grow in
our conference and events catering and with the support of funding secured are working to expand catering and
fresh meal provision services.
Our plans for our new building are still progressing, full planning and all conditions discharge was achieved early
in Ihe year. building progress has been slow due to financial implicalions and funding availabilily. But we continue
to invest in our day seNices and the end result will allow us to almost double our capacity, whilst providing
access to outdoor and horticulture sessions for our seNice users and the wider community. We are still providing
25 daily spaces for our seNice users partaking in craft activities, work experience in our pottery shop "Create" in
the town centre, time in our kitchens and cafes, day trips as well as educalional sessions on health and fitness,
independent living skills, English and Maths as well as social enlerprise opportunities.
We continue to provide supported housing, and we are developing a strategy to broaden this element of our
work. This year we registered with CQC and our policies and procedures are now all inline with the Iramework.
The tearn have taken huge steps fO￿ard and are embracing our new policies and procedures. Our respite care
provision is still growing and Ihis will lorm part of our wider growth stralegy.
This year has also been a year to focus on growth, policies, processes and strategy to allow The Bridge to grow
in to its next phase. With a new senior leadership ieam, driving the organisation fO￿ard we have been able to
overcome challenges and even thrive in some uncertainties.
Page 4

THE BRIDGE PROJECT SUDBURY
(A company limiled by guarantee)
TRUSTEES, REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Achievements and perfomiance (continued)
b. Investment policy and performance
Monies are placed on COIF deposit to obtain Ihe best possible rate of interest on any cash held surplus to the
monthly needs of the charity-
Financial revlew
a. Going concem
After making appropriate enquiries, the Trustees have a reasonable expectation that the Cofflpany has adequate
resources to continue in operational existence for the foreseeable luture. For this reason. they continue lo adopt
the going concern basis in preparing the financial statements. Further details regarding the adoption of the going
concern basis can be found in the accounting policies.
b. Resenies policy
The Board of Truslees have set a target of establishing a minimum cash reserve of 3 monlhs operating costs.
This is reviewed quarterly and is an integral element of the strategic plan for income generation going forward.
Aller a challenging year and despite securing a significani loan improving the cashflow position it was identified
that cash reserves were not al this minimum level al the year-end date. This was due to investments made in the
Brundon Lane building project and supporting the charities core activities during a year where costs have
continued to rise sharply and significant operational changes had lo be made. The Trustees acknowledge that
general reserves are nol al the required level at the moment and thai general reserves were actually in a delicit
position of {£82.897} at the year-end date. Plans are in place to rectily this position and complete the Brundon
Lane development projecl with funding secured and budgets in place. As part of the 5 year strategy the Board of
Trustees and leadership will aim to grow reserves to the required level whilst supporting the charities core
activities.
Structure, governance and management
a. Constitijtion
The Bridge Project Sudbury is regislered as a charttable company limited by guarantee and was set up by a
Memorandurn of Association.
Page 5

THE BRIDGE PROJECT SUDBURY
(A company limiled by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Structure, governance and management (continued)
b. Melhods of appointment or election of Trustees
The management of the Company is the responsibility of the Trustees who are elected and co-opted under the
terms of the Memorandum of Association.The directors of the company are also charity trustees for the purpose
of charity law and under the company's Articles are known as members of the Board of Trustees. Trustees are
recruited through an advertising process. To ensure the skill mix wilhin the board is appropriate to the needs of
the organisation, all advertisements are worded accordingly. Applicants are short listed and those selected are
interviewed by Ihe Chair and one olher Trustee. As part of the recruilment process, all applicants are inviled to
visit the Bridge Project, lo meet staff and students and view the facilities.
c. Policies adopled for the Induction and tralnlng ot Trustees
Most trustees are familiar with Ihe practical work of the charity having been encouraged to visit the organisation.
Following their appointment they are made aware of the following-
d. Organlsalional structure and decision making
The Bridge Project has a Board of Trustees of up to 8 Members who meet at least quarterly and are responsible
for the slrategic direclion and policy of the charity. The Trustees are from a variety of professional backgrounds
relevant to 'lhe work of Ihe charity,. The Chief Execulive is appoinled by the Trustees to manage the day to day
operalions of the charity- To facilitale effective operations the chief executive has delegated authority. wilhin
terms of delegation approved by the Trustees, for operational matters including finance. employments and
training related activities.
e. Rlsk managemenl
The Trustees review the organisation's risk matrix quarlerly. Significanl external risks to funding have led to Ihe
development of a slrategic plan which will allow for the diversification ol lunding and activities. Internal risks are
minimised by implementation of procedures for authorisation ol all transaclions and projects and to ensure that
consistent quality of delivery for all operational aspects ol the charitable company. These procedures are
periodically reviewed to ensure they still meet Ihe needs of the charity.
f. Members. liability
The Members of the company guarantee to contribute an amounl not exceeding £10 to the assets of the charity
in the event of winding up.
Page 6

THE BRIDGE PROJECT SUDBURY
(A company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Slaternent of Trustees, responsibilities
The Trustees (who are also Ihe directors of the Company for the purposes of company lawl are responsible for
preparing the Trustees. report and the financial statemenls in accordance with applicable law and United
Kingdom Accounling Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees lo prepare financial statements for each financial . Under company law, the
Trustees must not approve the financial statemenls unless Ihey are satisfied that they give a true and fair view of
Ihe state of affairs of Ihe Company and of its incoming resources and application of resources, including its
income and expenditure, for that period. In preparing these linancial statements, the Truslees are required lo..
selecl suitable accounting policies and Ihen apply them consistently-
observe the methods and principles of the Charities SORP {FRS 102)-
make judgments and accounting estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards {FFIS 102) 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
Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are suff icienl to show and explain
the Company's transactions and disclose with reasonable accuracy at any time the financial posilion of the
Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They
are also responsible for safeguarding the assets of the Company and hence lor laking reasonable steps for the
prevention and detection of fraud and other irregularities.
Approved
by
order
of
the
members
of
the
board
of
and signed on their behalf by..
Trustees
on
Paul Mackman
(Chair of Trustees)
Page 7

THE BRIDGE PAOJECT SUDBURY
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Independenl examiner's report to Ihe Trustees ot The Bridge Projecl Sudbury ('the Company,)
I report lo the charity Trustees on my examination of the accounts of the Company for the year ended 31 March
2024.
Responsibilities and basis of report
As the Trustees of the Company {and its dire¢lors for the purposes of company lawl you are responsible for the
preparation of the accounts in accordance wilh the requirements of the Companies Act 20061'the 2006 Act'l.
Having salisfied myself that the accounts of Ihe 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 examinalion of the Company's
accounts carried out under section 145 of Ihe Charities Act 2011 I'the 2011 Act'l. In carrying out my examination
I have followed the Directions given by the Charity Commission under seclion 14515)(bl of the 2011 Act
Independent examiner's stalemenl
Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in
section 145 of Ihe 2011 Act. I confirm that l am qualified to undertake the examination because l am a member
of (the Associalion of Chartered Certified Accountants). which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come lo my attention in connection with the
examination giving me cause to believe:
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act,.
or
the accounts do not accord wth Ihose records: or
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 fairf view which is not a matter considered as part of
an independent examination., or
the accounts have not been prepared in accordance wilh the methods and principles of the Statement ol
Recommended Praclice for accounting and reporting by charities lapplicable to charilies preparing their
accounls in accordance with the Financial Reporting Slandard applicable in the UK and Republic of
Ireland IFRS 102}1.
I have no concerns and have come across no other matters in connection with the examinalion to which
attention should be drawn in this reporl in order to enable a proper understanding ol the accounts lo be reached.
This report is made solely to the Company's Trustees, as a body. in accordance with Part 4 of the Charities
{Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Companls
Trustees those matters l am required lo stale lo them in an Independent examiner's report and lor no other
purpose. To the tullesl extent permitted by law, I do nol accept or assume responsibilily to anyone other than the
Company and the Company's Trustees as a body, for my work or lor this report.
Page 8

THE BRIDGE PROJECT SUDBURY
(A company Ilmlted by guarantee)
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Signed-
Dated:
D M Aldworth
Chartered Certified Accountant
Griffin Chapman
4 & 5 The Cedars
Apex 12, Old Ipswich Road
Colchester
Essex
C07 7QR
Page 9

THE BRIDGE PROJECT SUDBURY
(A company limited by guaranlee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Grants, donations and legacies
Charitable activities
Other trading aclivilies
223,000
56,368
324.1n
217,336
279.368
324,173
217,336
146,623
270,904
270,972
Tolal income
223,000
597,877
820.8TI
688,499
Expenditure on:
Charitable activity direct costs
Charitable activity support costs
178,462
540,439
178,462
726,189
784,858
796, 739
185.750
Tolal expenditure
185,750
718,901
904,651
981.59/
Net incomel(expenditure)
Transfers between funds
37,250
137,250)
(121,024)
37.250
(83,774)
(293,098)
19
Nett movemenl In lunds
<83,774)
(83.774)
(293,098)
ReconcTliation of tunds:
Total lunds brought forward
Nett movement in funds
721.231
{83,774)
721,231
(83,774)
1,014,329
(293,098)
Tolal funds carried forward
637,457
637,457
721.231
The Statemenl of financial activities includes all gains and losses recognised in the year.
The notes on pages 14 to 29 form part of these financial stalements.
Page 10

THE BRIDGE PROJECT SUDBURY
(A company limited by guarantee)
REGISTERED NUMBER: 3105645
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note
Fixed assets
Tangible assets
13
720,354
705,404
720,354
7Q5,404
Current assets
Stocks
Debtors
Cash al bank and in hand
14
1,700
176,067
86,186
7,499
88, 769
35,415
15
263,953
131,08i
Creditors: amounts falling due within one
year
16
(117.501)
(115,260)
Nett current assets
146,452
15,827
Total assets less current liabililies
866,806
727,237
Creditors.. amounts falling due after more
than one year
17
(229,349)
Nett assets excluding pension asset
637,457
727,231
Total nett assets
637,457
727,237
Charity funds
Reslricted funds
Unrestricted lunds
19
19
637,457
721,231
Total funds
637,457
721,231
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to oblain an audit for the year in question in accordance with
section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparalion ol financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to
Ihe small companies regime.
Page11

THE BRIDGE PROJECT SUDBURY
(A company limited by guaranlee)
REGISTERED NUMBER: 3105645
BALANCE SHEEf (CONTINUED)
AS AT 31 MARCH 2024
The financial stalemenls
were
approved and authorised for issue by the Trustees
and signed on their behalf by:
on
Paul Mackman
Chair ol Trustees
The notes on pages 14 to 29 form part of these financial statements.
Page 12

THE BRIDGE PROJECT SUDBURY
(A company Ilmlted by guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Cash flows from operating actlvlties
Nett cash used in operating activities
99,708
(213,239)
Cash flows from Investlng actlvilies
Proceeds Irom the sale of tangible fixed assets
Purchase of tangible fixed assets
598,818
(418,375)
(49.341)
Nett cash used in investlng actlvltles
(48.941)
180,443
Cash flows from financing activities
Nett cash provlded by tinancing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
50.767
{32,796)
35,419
68,215
Cash and cash equlvalents al the end of the year
86,186
35,419
The notes on pages 14 to 29 form part of these financial statements
Page13

THE BRIDGE PROJECT SUDBURY
(A company limiled by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
General information
The company is a company limited by guarantee. The members of the company are the Trustees named
on page 1 . In the event of Ihe company being wound up, the liability in respecl of the guarantee is limited
to £10 per member of the company.
The address of the registered oflice is 12 Borehamgate King Street, Sudbury. Suffolk. C010 2EG and the
company is regislered in England & Wales.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Accounting policies
2.1 Basls of preparation of flnancial statements
The financial statements have been prepared in accordance with the Charilies SORP (FRS 102}
Accounting and Reporting by Charilies: Slatement of Recommended Practice applicable to charities
preparing iheir accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland {FFIS 102) (effective 1 January 2019}, the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 1021 and the Companies Act 2006.
The Bridge Project Sudbury meets Ihe definition of a public benetit entity under FRS 102. Assels and
liabilities are initially recognised al historical cost or transaction value unless otherwise staled in the
relevanl accounting policy.
2.2 Income
All income is recognised once the Company has entitlemenl to the income, it is probable Ihat the
income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial aclivities on a receivable basis. The balanGe of
income received for specific purposes but nol expended during the period is shown in the relevant
funds on the Balance sheet. Where income is received in advance ol entitlement of receipt, ils
recognition is deferred and included in creditors as deferred income. Where entitlement occurs
before income is receÉved, the income is accrued.
2.3 Expenditure
Expenditure is recognised once there is a legal or conslructive obligation to transler economic benefit
to a third parly, it is probable thal a transfer of economic benefits will be required in settlement and
the amount of Ihe obligation can be measured reliably. Expenditure is classified by aclivily. The costs
of each activity are made up of Ihe tolal of direcl costs and shared costs. including support costs
involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly
to that activity. Shared costs which contribule lo more than one activity and support costs which are
not attributable to a single activity are apportioned between those activities on a basis consistent wilh
the use of resources. Central staff costs are allocaled on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use.
Expenditure on raising funds includes all expenditure incurred by the Company to raise funds lor its
charitable purposes and includes costs ol all fundraising activities events and non-charitable trading.
Page 14

THE BRIDGE PROJECT SUDBURY
(A company limiled by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting polTcies (continued)
2.3 Expenditure (continued)
Expenditure on charitable activities is incurred on direclly undertaking the activities which further the
Companws objectives, as well as any associated support costs.
2.4 Tangible fixed assets and depreciation
Tangible fixed assets are capilalised and recognised when fulure economic benefits are probable
and the cost or value of the asset can be measured reliably.
Tangible lixed assets are initially recognised at cost. After recognition. under the cost model, tangible
fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be
included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives. on a reducing balance basis.
Depreciation is provided on the following bases..
Freehold property
Property improvements
Motor vehicles
Fixtures and fittings
Office equipment
Compuler equipment
Assets under construction
Nol depreciated
Nol depreciated
25°/o reducing balance
25 % reducing balance
25 % reducing balance
33 % reducing balance
Not depreciated
2.5 Stocks
Stocks are valued al the lower ol cost and nett realisable value after making due allowance lor
obsolete and slow-moving slocks. Cost includes all direct costs and an appropriale proportion of fixed
and variable overheads.
2.6 Debtors
Trade and other deblors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued al the amount prepaid nett of any trade discounts due.
2.7 Cash at bank and In hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity
ol Ihree months or less from Ihe date of acquisition or opening of the deposit or similar account.
Page15

THE BRIDGE PROJECT SUDBURY
(A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies (conlinued)
2.8 Liabilities and provlsions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past
event, il is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabililies are recognised at the afflounl thal the Company anlicipates it will pay to settle the debt or
the amount it has received as advanced payments for the goods or seNices il must provide.
Provisions are measured at the best estimate of Ihe amounts required to settle Ihe obligalion. Where
the effect of Ihe lime value of money is material, the provision is based on the present value of those
amounts, discounted at the pre-tax discount rale that reflects the risks specific to the liability- The
unwinding of Ihe discount is recognised in the Statement of financial activities as a finance cost.
2.9 Financlal Inslrumenls
The Company only has financial assets and financial liabiltties of a kind that qualify as basic financial
instruments. Basic financial instrumenls are inilially recognised at transaction value and subsequently
measured at their selllement value with the exception of bank loans which are subsequently
measured at amortised cost using the effective interest melhod.
2.10 Pensions
The Company operates a defined contribution pension scheme and the pension charge represents
the amounts payable by the Company to the fund in respect of Ihe year.
2.11 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Company and which have not been designated for other
purposes.
Restricled funds are funds which are to be used in accordance with specific restriclions imposed by
donors or which have been raised by the Company for particular purposes. The cosls of raising and
administering such funds are charged against the specific fund. The aim and use of each reslricted
fund is set oul in the noles to the financial statements.
Critical accounting esllmates and areas of judgmenl
Estimates and judgmenls are conlinually evaluated and are based on historical experience and other
factors, including expectations of fulure events that are believed lo be reasonable under the
circumstances.
Critical accounting estimates and assumptions-.
The Company makes estimates and assumplions concerning the fLSture. The resu5ting accounting
eslitnates and assumpiions will, by definition, seldom equal the related actual results. The estimates and
assumptions that have a significant risk of causing a malerial adjustment to the carrying amounts of
assets and liabilities within the next financial year are discussed below.
Page 16

THE BRIDGE PROJECT SUDBURY
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Income from donations and legacies
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Donations
Grants
30,824
25,544
30,824
248,544
44,636
101,987
223.000
223.000
56,368
279.368
146.623
Total 2023
101,987
44,636
146,623
Incorne from charitable activities
Unrestrlcted
funds
2024
Total
funds
2024
Total
funds
2023
Core funding and training fees
324,173
324,173
270,904
Income from olher Irading aclivittes
Income from non charitable trading activities
Unreslrieled
funds
2024
Total
funds
2024
Tot21
funds
2023
Create, AFC calering and Sudbury Arls Centre income
217,336
217,336
270,972
Page 17

THE BRIDGE PROJECT SUDBURY
(A company limited by guaranlee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Expenditure
Direct activity costs
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Supplies
178,462
178,462
784,858
Analysis of expendilure on charitable activllles
Summary by fund iype
Restricted Unrestricted
funds
funds
2024
2024
Total
2024
Total
2025
Charitable activity SUPPOrt costs
185,750
540,439
726,189
796, 739
Total 2023
796, 739
796. 739
Analysls ol expendilure by acllvllles
Support
costs
2024
Total
funds
2024
Total
funds
2023
Support costs
726,189
726,189
796, 739
Page18

THE BRIDGE PROJECT SUDBURY
{A company Ilmited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysis ol expenditure by activities (continued)
Analysls of support costs
Core
funding
2024
Tolal
lunds
2024
Total
funds
2023
Staff cosls
Depreciation
Student transport
Equipment hire
Premises
Poslage and stationery
Travel expenses
Computer maintenance
Communications
Bank charges and interest
Advertising and promotion
Professional fees
Sundry expenses
Maintenance, security and cleaning
Loss on disposal of assets
510,602
24,020
1 ,671
4,198
63,432
3,067
16,277
4,804
5,746
10,191
2.172
9.492
17,065
43,481
9,971
510,602
24,020
1,671
4,198
63,432
3,067
16,277
4,804
5,746
10,191
2,172
9.492
17.065
43,481
9,971
540,447
20,214
620
4,231
80,823
2,459
2,569
7,918
4, 795
7,635
43, 794
30,830
23,664
726,189
726,189
796, 739
10.
Independent examiner's remuneration
2024
2023
Fees payable to the Company's independent examiner for the independenl
examination of the Company's annual accounts
Fees payable to the Company's independent examiner in respect of..
All other services not included above
3,250
3, 150
3,450
Page19

THE BRIDGE PROJECT SUDBURY
(A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Staff costs
2024
2023
Wages and salaries
Social security costs
Conlribulion lo dafined contribution pension schemes
468.677
34.174
7,751
498,471
33,685
8,291
510,602
540,44/
The average number of persons employed by ihe Company during ihe year was as follows:
2024
No.
2023
No.
Number of staff
23
25
The number of employees whose employee benefils (excluding employer pension costs} exceeded
£60,000 was..
2024
2023
No.
In the band £60,001 - £70,000
The key management of the charity comprise the trustees and the senior managemenl team as listed on
page 1. The lotal amount of employee benefits (including employer pension contributionsl recieved by
key managemenl personnel for Iheir services to the charity were £61.321 12023 £61.321).
12.
Trustees, remunerallon and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 31 March 2024. no Trustee expenses have been incurred (2023- £NIL).
Page 20

THE BRIDGE PROJECT SUDBURY
(A company limiled by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
13. Tangible flxed assets
Assets
Computer
under
equipment construction
Motor Fixtures and
vehicles
fittings
Office
equipment
Total
Cosl or valuation
At 1 April 2023
Additions
Disposals
52,470
2,000
(3.895)
169.633
14,711
94,595
3,078
609,955
44,263
941,364
49,341
(13,395)
(9,500)
At 31 March 2024
50,575
160,133
14.711
97,673
654,218
977,310
Depreciation
Al l April 2023
Charge lor the year
On disposals
24,098
6,738
{649)
108.722
15.228
(2,375)
14,534
44
88,606
2.010
235,960
24,020
(3,024)
At 31 March 2024
30,187
121,575
14.578
90,616
256,956
Net book value
At 31 March 2024
20,388
38,558
133
7.057
654,218
720,354
At 31 March 2023
28,372
60.911
17/
5,989
609,955
705,404
Page 21

THE BRIDGE PROJECT SUDBURY
(A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
14. Stocks
2024
2023
Cafe and catering stock
Create shop stock
1.000
700
1,856
1,700
7,499
15. Debtors
2024
2023
Due within one year
Trade debtors
Other debtors
Prepaymenls and accrued income
48.835
75.389
51,843
29,114
12, 789
46,266
176,067
88,169
16. Creditors: Amounts falling due within one year
2024
2023
Loans
Trade creditors
Other taxation and social security
Other credilors
17,851
47,965
36,512
15,173
84,694
27.269
9,297
117.501
115,260
The overdraft facility available is secured by way of a floating charge over the property and assets of the
charitable company.
17. Creditors: Amounts falling due after more than one year
2024
2023
Other loans
229,349
Page 22

THE BRIDGE PROJECT SUDBURY
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
18.
Financial instruments
2024
2023
Financlal assets
Financial assets measured al fair value through income and expenditure
86,186
35,419
Page 23

THE BRIDGE PROJECT SUDBURY
(A company limiled by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
19.
Slalement of funds
Statement of funds - current year
Balance at 1
April 2023
Transfers Balance at 31
inloul
March 2024
Income Expenditure
Unreslricted funds
General Funds - all funds
General fixed asset fund
15.827
705,404
597,877
(689,588)
(29,313)
(7,013)
44,263
(82,897)
720,354
721,231
597.877
<718,901)
37.250
637,457
Restrlcted funds
The Edward Gostling
Foundation Grant
The National Lottery
Community Foundation Grant-
Provide Project
St Edmunds Trust Grant
The National Lottery
Community Granl - Freshly
Made Project
Babergh Community
Organisation Grant
25,000
(25,000)
94,750
22.000
(94.750)
{22,000)
66,000
(66.000)
15,250
{15,250)
223,000
(185,750)
(37,250)
Total ot funds
721,231
820,8TT
(904,651)
637,457
Page 24

THE BRIDGE PROJECT SUDBURY
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
19. Statement ol funds (continued)
Included within restricted grant funds are-
The Nalional Lottery Community Foundation Grant for the 'Provide' project supporting people with
learning disabilities working within a leam, gainining skills and confidence to deliver and prepare meals
for elderly people in the communty and the expansion of this service to meet demand.
The National Lottery Community Grant for the 'Freshly Made Project, supports taking donated food
resources from local super markets for people with learning disabilities to prepare healthy nutritious
meals for the meal delivery seTvice and bakery products for sale within our craft and art centre locations.
The St Edmunds Trust Grant to support the progress of the Brundon Lane day centre building
development project.
The Edward Gostling Foundation Grant lo support the creation of training and community involvement
opportunities for people with learning disabiltties.
The Babergh Community Organisation grant is to support the completion of the Brundon Lane day centre
building development project.
Page 25

THE BRIDGE PROJECT SUDBURY
(A company limtted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
19. Statement of funds (continued)
Statement of funds - prior year
Balance al
31 March
2023
Balance al
l Apnl 2022
Transfers
in/oul
Income Expenditure
Unrestricled funds
General Funds - all funds
General fixed asset fund
(8,918)
929, 725
586,51
(962,133)
(19,464)
400,366
(204,857)
15,82/
705,404
920,807
586,51£
(981,597)
195,509
721,231
Restricled funds
Restricled Funds - all funds
93,522
101,987
(795,509)
Total of funds
1.014.329
688,499
(981,597)
721,231
20.
Summary of funds
Summary of funds - currenl year
Balance at 1
April 2023
Translers Balance at 31
Inlout
March 2024
Income
Expenditure
General funds
Restricted funds
721,231
597,877
223,000
(718,901)
(185,750)
37,250
(37,250)
637,457
721,231
820,877
(904,651)
637,457
Page 26

THE BRIDGE PROJECT SUDBURY
(A company Ilmiled by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
20. Summary of funds (continued)
Summary of funds - prlor year
Balance al
31 March
2023
Balance al
l April 202
Transfers
in/oul
Income Expenditure
General funds
Reslricted funds
920,807
93.522
586,51£
101.98i
(981,597)
195,509
(195,509)
721,231
1,014,329
688,499
(981.597)
721,231
21. Analysis of nett assets belween funds
Analysis ol nett assets between funds - current period
Unrestricted
funds
2024
Total
funds
2024
Tangible fixed assets
Current assets
Credilors due within one year
Creditors due in more than one year
720,354
720,354
263,953
263,953
1117,5011 (117,501)
(229,3491
(229,349)
Total
637,457
637,457
Page 27

THE BRIDGE PROJECT SUDBURY
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
22.
Reconciliation of nett movement In lunds to nett cash flow from operating activities
2024
2023
Net expenditure for the period (as per Statement of Financial Activities)
(83,774)
(293,098)
Adjustmenls for:
Depreciation charges
Amorlisation charges
Loss on Ihe sale of fixed assets
Decrease/(increasel in stocks
Decrease/{increasel in debtors
Increase in creditors
24,020
19,464
750
23,664
(7,630)
19,871
17,740
9.971
5.799
(87.898)
231,590
Nett cash provided by operaling activities
99,708
(213,239)
23. Analysis of cash and cash equlvalents
2024
2023
Cash in hand
86,186
35,419
Total cash and cash equivalenls
86,186
35,419
24.
Analysis ol changes in nett debt
At 1 April
2023 Cash flows
At 31 March
2024
Cash at bank and in hand
Debt due wlhin 1 year
Debt due after 1 year
35,419
50.767
86,186
(17,851)
{17,851)
{229.349) (229,349)
35,419
(196,433)
(161,014)
Page 28

THE BRIDGE PROJECT SUDBURY
{A company Ilmited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
25.
Contingent liabililies
Al Ihe year-end date the charity was in dispule Mth a previous activity partner and former landlord, a claim
made by the former larbdlord for further costs is being dispuled. The Irustees do nol believe that the claim
will resull in any fulure economic outflow and as such nolhing is provided in Ihese accounts.
26.
Penslon commltments
The charitable company operates a defined contribution pension scheme. The assets of the scheme are
held separately from those of the group in an independently administered fund. The pension cosl charge
represents contributions payable by the company to Ihe fund and amounted to £7,751 (2023 - £8,291). At
the year-end £2,004 (2023 . £1.752) were payable to the fund and are included in creditors.
27. Operating lease commitments
At 31 March 2024 the Company had commilments to make future minimum lease payments under non-
cancellable operating leases as follows=
2024
2023
Not later than 1 year
Later than 1 year and not later Ihan 5 years
28,000
67.500
44,875
95,500
44,875
28.
Related party Iransaclions
A company conlrolled by a trustee provides services to the charitable company totalling £2,10012023
£1,7521 at commercial rales £1.744 was outslanding at the year-end 12023 £nill. The charilable
company also raised sales invoices to this company totalling £nil (2023 . £1,950}. No balances were
outstanding at the year-end.
Page 29