The Bridge Central (formerly The Young Women's Christian Association Central Club) IA company limiled by guoranlee wiihoul o shore copitall Chority Regislralion Number.. 1071315 Registered Compony Number: 03006940 Report and Financial Statements for the year ended 31 December 2024
The Bridge Central Iformerly The Youn9 Women's Chri5tion Associotion Centsal Clubl Contents pago Referen ond administsotive informalion Trustees, Report 2-18 Independent Auditors, Report 19-23 Statement of Financial Adivities 24 Balance Sknt Coshflow Staiemenl 26 Notes Rnonciol sleMents
The Bridge Central (formerly Tre Young Women s Chri51ion Associolion Centrol Clubl Reference and administrative information Boord of Trusteas C Bingham (Choir) - Resigned 31.12.24 K Sanders Icornpony Secretary) Resigned 31.12.24 M Caffleron (Honorory Treosurerl F Deinde C Sykes Ico-choir from 26.11.241 J Grisl (Co-choir from 26.11.241 N Lombert K Spooner R Ahmed S Oakes Y Sesoy Key Managèmenl Personnel Chief Executive: Joy Grimshow leffeclive unlil Sept 20241 Chiel Execulive= Becky Booth leFFeclive fvom Sepl 20241 Head of Operolions: Colelle Horri5 Heod of Progrommes.. Kolrina Rowson-mackenzie Heod of Finance.. Krissie Chitty Company Secretary K Sonders leffeclive until 22*dJon 20251 Colette Harris leffeclive from 22nd Jon 20251 Registernd/Principal Offic• 73 - 81 Southwork Bridge Rood London SE I ONQ Auditor5 Moore Kingslon Smith LLP 9 Appold Street London, EC2A 2AP Solicilors Stone King Sewell LLP 13 Queen Square Boih BAI 2HI Bankers Virgin Money Ictydesdole Bonk plcl Regislered Olfice: 177 Boihwell Sireel, Glosgow. G2 7ER InveJtm•nl AdvirI Cozenove Copilol Monogemènl l London Woll Ploce London EC2Y SAU
The Bridge Central (formerly Thè Young Women s Christion Association Cenlral CILbl l . Introduction About us Ai The Bridge, we believe in playing our port in creoling o society whefe equity is the norm, where oll women's voices ore heord, and where Iheir heolih and wellbeing righis ore respecled ond m81. Ouf mission is lo craote knnd spaces where women can focus on their health and wellbeing, support each other, and challenge injustice. We believe in the power of community and the importance ol sofe, nurtvfing environmenls whefe women can grow. connect, and thrwe. How we create impact Togeiher, as women: We cr80ts kn'nd, nurturing spaces where we connect and Improve our Falth and wellbèing. Our womers s heolih and wellbeing cenlfe is designed lo be o welcoming and inclusive space where women Feel sofe and supporled. Thfou9h our gym. cole ond women s projed5, we losler community and knowledge-shoring. where. 05 women. we con build lesilience and meonin9lul r&lolionships Ihol are the foundolion ol improving our F*olih ond wellbeing. We create bespoke opportuni1585 whre we improve our underslanding of our5elv85 and support each other through lifo's big clKnges. Ouf range ol programs provide women with opporlunities lo explore their personal ond colleclive wellbeing, learn new skills. and novigole and celebrole key life Iransilions with I support of o strong community. We support eoch other ts build confidonce in our volc•, uso It to transform our lfves, and challen9e ihe inlu5licos we experience. As women. we use our voice5 ond our experiences-wheikr ikni's by advocoling for our own wellbeing in t home or ol work. sUPPOrting eoch oiher Ihrough shored experiences, Of collectively chollenging inequolilies in our communihes ond wider society. We ore nol a cornpoignin9 organisolion. roihef, we support women in their own personal ond colleclive compoigns lo see chonge in their INe5 and in society. How we sustain our mission To ensure our work is sustainable ond impocrful, we 9eneiote internal income Ihrou9h four key operotions. Boih our gym and café, direct conlribule lo ochieving our mission os well as being 05sets for income generation.
Our Gym - A dedicoled, women-only 5poce Ihol is cenlrol lo ochieving our mission bringing women logether on the gym floor ond in our wide fonge of clo55e5. Our gyffl encouroges physicol wellbeing while olso Pfoviding finonciol support for our piojecls. Our Café - A welcoming hub where people con connecl. shoie experiences. ond enjoy heolihy lood. It olso serves os o spoce for our projecls, peer groups, and exlernol venue hire. reinforcing our commilmenl lo community ond wellbeing. Meeling & Eyent Spaces ~ Avoiloble for hire lo orgonisalions ond businesse5, providing o space lor colloboralion while helping lo Fund our core work. Leased Spaces - We rent oul oreos within our cenlfe, generoling income lo slrengihen our mission. Through Ih8se iniliolives, we ensure thol our organisolion remoins o susloinoble, inclvsive, ond vibranl spoce wher6 women can focu5 on their health ond wellbeing. svpporl eoch other. ond work lowords o more jusl world. 2. 2024: A Year of Growth, Transition, and Deeper Understanding Ift 2024, we expefienced o yeor ol gro ond tronsilion ol The Bridge. We fefined our approoch lo fulfilling Our rn10n, goining a deeper underslonding of how each element of our or9oni5ation-our gym, cofé, ond projecls-works logeiher lo creole o holislic opprooch lo women 5 heolih and wellbeing. The Importanc• of Croallng Kind Spaces A core ospecl of our work hos been Ihe recognition of importonce of creoling kind, nurturing space5 where women con thrive. This yeor. we sow firsihond how these spaces Ofe inlegfol lo reolising our mi55ion. By priorihsing environments Ihal losler sofety. conneclion. and support, we hove creoled spoce5 Ihol nol only locus on physicol F*alth bul olso emolionol and menlol wellbeing. These spoces hove become c8nlrol lo our community-building efforts, providing womén with o plorfofrn lo connecl, leoin. ond grow. Inlegrallon of Ovr Work. Café, Gym, ond Prolects One ol the mosl imporlonl shihs in 2024 wos our 9rowin9 underslonding ol how Ouf café, gym. ond p(ojects work logeiknr lo cieole a holistic opprooch lo wellbeing. Each element of our organisolion ploys o uniqu8 role. bul 109eiher, IFW form o cohesive whole Ihol supports the brooder picluTe ol vrnen s heolih ond empowermenl. inlegrolion of 5eNices hos ollowed us lo meel the diverse needs of women in our community, fvom phy&col filness and nourishment lo emohonal support ond personol delOPMent. Through this deeper underslonding ol our approach. we ve made si9nificonl slTide5 in creoling o more cohe&ve, impacrful experience for oll WFK) come lo The Bridge. Our work in 2024 hos solidified our beliel thol when all componenls ol heolih ond wellbeing ore inlegroled, Ihey ke Ihe power lo tronsform lives ond build a mole jusl ond supportive society lor women.
- Our Projects in 2024 The Bridge is committed lo fostering community, wellbeing, ond knowledge exchonge through o ronge of innovolNe progroms designed lo support women s physicol. menlol, ond social heolih. This onnuol reporl provides on overview ol the key oclivilies. outcomes, and impacl achieved over Ihe post yeor, rellecling ovr dedicolion lo co-creoled, community-led inilialives. Hub The projecl offers a monthly colendor of odmlies designed to fo#er sociol conreclions. odTre porlicipolion ond overall wellbeing. In pjrlnership wilh volunleers ond oiker or9onLzolion4 1 piojed olfer5 physicol, creolive. ond FEolth-educalion adivilies. These ochwhes encovioge women lo explore ways lo improve I1r 1th ond wellbeing, bvild ond sknre skJ'll& expjnd I1r knowledge, ond slrengiFEn 50cioI bonds with women From diverse bJckgrovnd5. HUB is focused on bein9 0 SUPPOflive and kind spoce where women con grow, supw each other ond d¢yelop o slfong sense ol belon9in9. Key Stoli51ics 51 weeks ol HUB oclivilies delNered. I,275+ attendees ocross oll oclivilies. 130+ new porticiponls joined in 2024. 22 acNve volunleer5, with 12 new volvnleer5 enfolled. 225 activities delivefed by volvnleets. Sufvey Resu113 fvom Regular Puilicipanls.. 85% Tepoiled improved generol wellbeing. 71 % gained knowledge of lools lo support IEEir FEolth & VlIbe1. l(K)% leli o slroThJer sense of bdoThJing 10 o comfflunity. Porticlponl Teslimoniol& "I vegoinedhe confidence ts 4K>ieFersornlsbw somdyng IcouAln i dD bdrye." "Ik cle0 wriling lel&Ydme dcfff o ftjlefjildtdn iknow IIKx¥. hs openedup new OPPVnI14e5
Life The Project tokes a psycho-sociol opproach lo support women through peri-menopause, menopause. and post-fflenoF)OU5e. li provides o spoce for social support, learning, ond ochwlies focusing on heolih. wellbeing. ond Polive ogeing. By oddre55ing culturol beliefs oiound menopavse ond ogeing, It encouroges lifestyle changes ond chollen9es negotive nofrolives obout women ond ogeing thot offed their healih. The program is deliverec Ihrough facililated discussions ond workshops. crealive oclivilies and through bvilding communily support networks. Participants= 12 women Total Activities Delivered: 12 sessions Project Outcome5 92% reported increased physical ocliwty level 100% gained conlidence in monoging iheir physical healih and wellbeirg. 91 % improved IFEir obility to support I11[ mentol heolth ond ivellbeing. l(X)% enhanced iheir underslonding of menopou* symptom monogemenl. 90% developed o deeper oworeness of mind-body connection. T2% esloblislEd long-lasling sociol conneclions Participanl Teslimonials: lleomedhow lo deol myleeling4 offtglrehx more. "Meeling women my 09e VaS o iealclx7nge. 7k 0cceptsn I leli ik obility fo shore. offtl emohonolreleose fvough were /I-chOngIng. . "7hprojed/s been a lile<knging e¥perience lor me. IE/ping me climb oui from dorfeFits lo daylighi."
Book of Knowledge The project wos o colloborolion belween TIE Bridge and King5 College bndon. The project is based on the premise Ihal women ore experts in their bodies and expefienc&s but are ohen di5regaTded in discu&sion5 oboul women's heolih. Its aim was lo challen9e and provide new approoche51o understanding women s kEalih through knowledge shored by women tFEMSes. The project brought together key portners lo creote a spoce where women's FEolih experiences ore heard. Porticiponls were cenlrol io tk development, conlenl. ond decision-moking. A key oulcorne wos creotion OF Ik Book of Knowledge. cophjring women s experiences, les9)ns leorned, and whot Ihey wanted io shore wilh others. The project ended with o celebralory exhibilion and the shorin9 of IFE Book ol Knowledge, which has been digilolisd ond V11 be ovDiloble on our website. The key leornings and impod include empowerin9 women lo reclaim ouikK)rity over 1r FEalth, informing Future work ond slrole9ies, and breoking laboos by encouraging open discussions on ofien-silenced kalih lopics. Project Highlight5: 12 themed creotive workshops exploring women s 01th experiences. 40 participonls en9oged, wiih on overoge of 15 ollending eoch session. CollaboralNe developmenl of the Book ol Krrfjwledge as o shjred resource. Participant Reflections: "Our experiences ore o source ol*nowledg8. My £dY 4ryeabng b n-/ ju& need lo Iislen." -women s Iwhh connoi be reducedio biology okne,. Il is Intsrtvned /h /i/e rien4 relalionshiw afft4cre01 oumets"
Rise I RISE projecl is designed lo support women in improving I1[ wellbeing Ihrough o combination ol art IraPY. community-building. ond personald 5UPPOrt. Cenlrol lo prqecl ore Week ort therapy sessions. wkre porhciponts engoge in creayive expression lo refled on IFEir pefsonol journey5, build Iru51, ond losler kaling. The project also offer5 0 sole, welcoming spoce k)f sociol connedion. lping women build meoningknl relationships ond a sense ol belorrfJing. Addihonol components include free gym membersh'ips, one-lo-one counsellin9 lor in need. ond o peer pport Mowp group, which help5 POrticipon15 51oy conneded ond 5UPPOrted fvougk)ut week. By combining these elemen15. the RISE projed provide5 0 holislic opprooch lo vlIbeIng. supporting women to grow, learn. ond thrive loger. Key Stolislrcs 36 participants on ¢Jverage 0112 per se55ion. 49 IlEmed art lopY session& Prolecl Oulcome5 ICQ% reported RISE supported wellbeing 85% reported Ikif confidence increosed sin joining RISE ICMYX reported feelin9 conneded with and leofnl hom otkr women Participonl Testimoniols: FoTme 115 been G communityondo support9roup ve nevefkndbefve Ri mode mylih o hrbettef. more beorGb/e. Gn9 6veryFridoynpeoni lom in o9phce in li/e. Becouse dnse this&a9e Olmyri andbecouse 01re I&Grtedb /eeltie o . il wos agr8Otplace ki open up oThJgrow.' to helocceptsdwas like owrtolme Irek0$@d 0ndm@llgo1nedSoffleng Iddn IfeG115e Ineededfft my lile, o community ondo Aee/in9 otbdoying oploce dre 0ndp.
Dine: Community Supper Club The DINE Supper Club 15 a monihly pop-up community reslouranl seThing healikry, sustoinable focd. With Ihe oim ol tockling Food injuslice ond sociol isololion in locol community, il wns on o 'poy-il- loword, model. so dineis hrJve Ihe oplion lo eol lor Iree, poy whal ty con/leel. C¢)ver CO ol ihir meal or poy more as a donation lo support oihers. By seoting oll gue515 on mixed loble3. diner5 con meel ond conned with 011$ in the community, cieotirg community cohesion. Tre projett 15 defrltred in portner5hip wilh Mott Mocdonold whom in oddilion lo donofvons thor support free rneo olx) supports Ihe projecl wilh volunleers os porl ol I1r CSR progfomme. Key Statislics 12 supp8r clubs heSd. 417 ollendees over Ihe yeor. 137 free meals provided. 180 sub3idlz8d meals ollered. 66 volunleer5 SUPPOrted Ihe progrom Parlicipont Testimonials: "A 914901 woy b builJcommuniiy ondsupport btrvmen orthKdusl" "Connechng people I wouldoh5eMse netyw m*." Gym The women-only gym al The Bridge is o key part ol our mission lo create non-jud9menlol spoce5 where women con come logeiher ond improve Iheir heolih ond wellbeing. The gym ol The Bridge locuses on rnore Ihon ju51 physical heolth-our opprooch encomp055es menlol ond sociol wellbeing, moking movemenl accessible, enjoyoble, and fun. As o funclionol troining gym, our classes ernphasize movemenls Ihol mirnic everyday oclivilies, encouraging women lo increose their self-underslonding by connecting wilh how tr1r body fee15. knw il moves. ond why il does whol il do8S. Our qualified ond traumo-informed Iroiners provide adoptable closses ol oll levels, creoling on environmenl where women con lislen lo Iheii bodies ond choose whol feels righi for them, foiher thon tyin9 to fil external ideols. Thi5 approach empowefs women lo engo9e with exercise in o woy Ihal suits their individual needs and promoles a deeper connection lo Iheir physical and menlol wellb8ing. Our space is kind ond incluswe, biinging women's from dwerse backgrounds and ages log@ir, loslering o sense ol community and conneclion. To hjrther break down barriers lo physicol aclivity. we offer concessionory membership5 ond free memberships lo women who porticipole in our programs, as well os 3 open weeks o yeor. moking Fitness. movemenl ond wellbeing octivilies more occessible lo all
women. By breakin9 do borrier5 lo physicol oclivity. such os lear, lack of confidence, or limiled access, we empower women lo priorilize tlT vlIbeing ond build stronger, healthier lives. Key S5C5 Number of memberships by end of 2024: 566 members Nvmber of filness & wellbein9 closses per week.. 20 clo5 Member Testlmonials: "&nce coming to gym. Icm surpriwng mysell Ihisplace has shown me tha118 is so much mole ailcondo" 'Ihove achieved50mehing hoi mymind was lelling me, I couldn ido exercise hos a reallygoodimpacl on my menlolheolth. lom 50year5 oHandgoing htough the menopaus8, 11 helps with UP5 anddown4 /h he moods. Inohce he dillerence since I have slarted doing exercis8. how118eloboul mysellandhow I heloboui/I. Café Ovr community calé is cenlral Io Ouf mission ol creoling kind. incluswe spoces where women con com8 logeiher, support each other, and improve Iheir heolih ond wellbeing. Tre calé oFfers healihy, occe55ible food and serves as o vibronl gaih8ring place for conneclion, wFere women con shofe mea15 and build relolionships in o welcoming sellin9. Locoled ol the Ort of Souihworl in on area where mony cofés ofe more commercially focu*d ond can feel unwelcoming lo o diverse ronge of people, our calé slonds as o welcoming spoce for everyone. It 15 o point ol encounler Wre people from all bockgrounds-locols. workers from Ihe oreo, ond members of our projects ond gym-con come logeiher. A3 0 non-clinical Setting il is ol the heort of mony of our progroms, hosling crealive heolih workshops, healih lileracy sessions, ond community aclivilies. As the foundation of our food provision iniliolives including oui supper clubs, plonl-based cooking workshop51, and community Iridge -the cofé ensures Ihol nourishmenl exlends beyond food.1031eiing a sense of belongin9 and community. Wilh its fun, inclusive olmosphere, the colé provides a space where women con engage. leorn, and feel Iw nourished-physicolly, social, and emotion01.
- Strategy Jan 2025 - Dec 2028 One of Ihe key slrorsds ol work in 2024 wos lo develop our 2025 - 2028 51rolegy. Centrol lo this process was more cleorly definin9 our opprooch to our work, our unde(slonding of 01th ond wellbeing ol The Bridge ond whol work needed lo be done Internal lo enoble us lo effec11ve delrver our new slrolegy. COnXI lor ovr slrategy. Historicol conlext Our organisalion hos o rich history rooted in creating a safe ond empowering spoce for women in London. Eslabli5hed in 1923, we have oknays been o ploce where women could come together lo nurture their mind, body, ond Spifil. From the very beginning, 0 Sense ol belonging and community was ol the heort of our work. wih women becoming members and oCtiVe shoping the organi501ion. Our current slrolegy is deeply connected lo Ihis eth05, ensuring thol we continue lo provide an inclu5Ne ond supportive environment. While Ihe chollenges women lace have evolved, our commitrnenl remoins Ihe some-lo losler a space where oll women feel volued, empowered, and part of a slTong. supportNe community, reimogined for the 21 sl century. Thematic context Our work continues lo cenlre on the inlerseclion of gendef and Feolth inequolities. Gendered FEolth inequalities persisl due lo a combinolion of biological. social. and economic faclor5 that shope women's heolih outcomes. We see heolih & wellbeing nol jusl as the absence OF illness bul the presence of physical vilolity. mental resilience. emolionol bolonce, ond sociol connecledne55. Women ore more likely lo experience long-lerm healih conditions, disobililies. ond unpoid coregiwng responsibilities. oll ol which contribute lo poorer physicol ond menlol healih. Women INing in the most deprived oreas in Souihwork live on overo9e 5.5 years less their leosl deprNed neighbou (Heolih Inequalilies Souihwoik; health & wellbeing Board Morch 20191. Social delerminanls such 05 income disparity, housing insecurity. and employmenl conditions further exocerbote these inequolilies, parliculorly lor women from ethnic minority bockgrounds who face odditionol borriers lo FEolihcore occess. Women ore also disproportionate alfecled by 9ender-bosed Violen ond common mentol heolth challenges, wilh higher reported roles of onxiety ond depression. Porticipotion in physicol aciNity IS Significontly lower omon9 women and 9iAs in Southwork highlighiing the 5yslemic borriers thol limil women's obility lo moinloin physical ond menlol wellbeing. Addre&sing these disporitie5 requires o holishc opproach Ihol considers nol on• heoltkore provision but olso wider socio-economic faclors thot influence wellbein9. Geographical Conlaxt Souihwark is o densely populated ond diverse inner London borough, home lo over 307,I(Q people. Souihwark is a polchwork of communilies.. from leofy Duknich lo buling Peckham ond Comberwell. ond the rapidly changing Rolherhli penin5ulo. The borough's dNersity is refleded in 115 wbront community. with olmosl half of residenbs coming fvom ethnic minority bockgrounds. cer 40% 01 residents Vre bom ou15ide UK, Chonnel Islands. ond Irelond, vrfth 11 % bom in Akn'ca ond over 8% in the Americas or Qjribbean 10
Despite ils vibfonLry, Southwork loces significonl socio-economic challenges. The overoge household income in 2021 wos £33,848, which is comporoble to the nolionol overoge. However. income dispority is evident, with around l in 7 households earnin9 less than £15,CrfJ) per yeor, while o similor proportion eorns over £75,C(X). Geogrophicolly, Ihis disparily ran9es from on overoge income of £61,271 in Dulwich lo £24,632 on Ihe Old Kenl Rood. Heolth and wellbeing indicolors for women in Souihwork highlight orea5 of concern. In 2021. 18.8% of women reported having o disobility, compared lo 16.3% of men. AddilionoI. women con51ilule 60% of unpaid carers in the borou9h. underscorin9 the need lor largeled sUPPOrt services. The borou9h'5 excellenl transport infroslnjclure, enhances accessibility and connectivity. This, combined wth Ihe areo's culhJTal richness and diversity, presenls a significonl opporhjnity for us lo reach a brood group of women. By leveraging these slrengihs, we con provide opportunilies for o brood voriety of women lo come together to improve their indwiduol ond collechve wellbeing. S8dor Conlexl The charity sector is focing o challenging finonciol londscope. increasing demond foT services ond 9rowing compelilion for funding. The 20205 have been o parhculorW lurbvlenl time for Ihe chority seclor, in which we have seen inflation rise ond foll, the cosl-of_living rise lond ri5el, and rhe risk of chority insolvency grow as a resuli. Fundroising in gjch o climole has been difficuli. finonciol pressures impocting donors as well os chorilies. However, we have not yel explored ernal funding opportunihes ond Irefore. this still presenfs o significant avenue for 9rowth ond susloinobility. Secvring grants and erno1 inve51ment. olon9&de our 9rowing inlernol activity income could enhance our ifflpocl ond support our path lo fundin9 suslainobility. Our current reserves position provides us wilh some lime lo develop exlefnal hJnding OS O stream ol income and further 9row our inlernol oclivity income, bLI we acknowledge that unless we lake significanl oction lo reduce the existing deficil, we wll face a challengin9 finonciol po&tion in the coming years. Our Strats Our vlslon is a society where equity is the norm. Wre oll women's voices ore kwrd. ond wkre tkir 01th ond wellEeing rights ore fespecled ond mel. Our mlsslon is lo cieote kind spoces re, 05 women. we f¢xus on tr ktolth ond wellbeing. support each 0r ond challenge injustice Impacl obi8cW' Together. 0$ women.. We creole kind. nurturing swces wkere we conned ond improve our health and wellbeing We creole beswke opporn111es Wfe we improve Ouf underslandin9 01 OUrsee$ ond sUPPOrt each othef through lile s big chonges We support each oiher lo build confidence in ovf voice, use it lo transForm our INes ond challen9e the injuslices we experience Condirfons for sv¢cos5 obiecllves We wll build financial sustainobility lo ensure t ofgonisalion s grovhh ond resilience over the lon9 We nurlure a capokAe ond mothvoled leom. thot work togeT lo achieve ovr mission, in an inclusve culhjre thot PM0e5 wellbein
- Reserves Policy As porl ol the development ol our new strategic plon. we developed o financiol model for the OTgonisation thol sets ovl our path lo finonciol susloinobility- We 0150 carried out o strolegic review of our policy lo evoluale ils effecliveness ond ensure alignment with our overorching strategy. As port ol Ihis review. we hove re-designoled our currenl funds lo ensufe Ihey are used in the most effechve and irnpacrful woy 10 Support long-lerm 5uslainability- We recogni5e thot using our limiled hJnds lo cover onnval opeiolional deficits is nol a susloinoble approach in the long lerm. Therefore. we hove designated Ihe funds in o woy Ihot ensufes ore lorgeled loward expenditure aimed ol closing our operolionol gop The outcome of this review wos o repvrposing of our designoled funds as agreed by board of Iruslees on Y March 2025. Designated Fund I: Copital Fund - Currenl fund level - £1,797,494 The Capital Fund will be used lor ongoing moinlenonce projec15 wiihin building to ensure high quality and 50fe building5 lor members, slalf room hirers ond lenonts. This includes the funds lo ensure Ihol we con meet the governrnenl requirements for MEES (Minimum Energy Efficiency Stondardl in relolion lo oll commerciol propety needing lo be EPC band B by 2030. where cosl effective. Our building energy roling is currenily C ond therefore will reguife significonl investmenl lo reach t required slondord. For one-off copilol projecfs Ihol ore outside ol doy-lo-doy mainlenonce or compliance projecls. we will seek exlernol funding. De51gnat8d Fund 2: Sustoinobilty Fund - Current Fvnd18V81 £1,217,257 This is o Fund for supporting our poihwoy lo finonciol 5VStainobility. Our new finoncial model sets o breokeven lorgel in the 2029 finoncial year. This gives us the time lo increase our in1ernal generoled income. increose our exlernal funding levels and moke eWicienl cuts lo expenditure. Year on year the operationol deficil will decreose os Ihese chonges have on impocl on both our income ond expendilure. This hjnd sets oside the money needed lo cover the anticipoted operotional deficils in 2025, 2020, 2027 ond 2028. Doslgnated Fund 3: FUre Proofing Fund - Currenl Fund I&1 _ £450,CXX) We hove Cfealed o designoled fund lo support non-capilal developments thot are crilical lo the orgonisolion's long-lerm susloinobility and grothi. This hjnd will be used to invest in oreos that enoble us lo incre05e exisling inlernol income generalion, retain ond grow our sloff team. ond pilol new income-generoling iniliotive& Exomples ol polenliol inveslmenls include IT sYsM development, use OF Al to impfove efficiency. and bespoke staff training aligned lo new 51tategic iniliatives. 12
All prop05ed expenditure from this lund will require Board opprovol and musl be sUPPOrted by o (obusl business cose Free feseNe3 posllion: Currenl Posillon - £703,039 We hove ogreed lo hold o level of free reserves equivalent lo monihs of core operoling cosFs. This decision follows coreful considerolion of severol key loclors. includin9 currenl economic climate, which remoins unsloble and unpredi¢lable, ond size and complexity ol our organisolion. Holding this lev81 ol resefyes provides us with o finoncial safety nel lo monage polentiol risk3 ond uncertoinlies, includin9 unexpected fluctuolions in income or expendilvre. It olso reflects t responsibililies ossocioled wilh owning and moinloining our building, which bring5 both lon9-lerm volue ond financiol liability- AddilionaI, Ihis reserve level allows us lo continue OPefolin9 ond delivering our services in the event of income disruption, while givin9 the B¢xJrd lime lo respond ond odju51 plons without making immediole or reoclive decisions Ihal could negolively impocl our slalf or beneficiories 6. Financial Review In 2024, our unreslricled operotional deficit wos £488,582. in oddilion we used £57,137 Irom our designoled Copilol plon fursd so Ih lolal operoling deficil wos £545,71912023 £582,5261 belofe inveslm8nl losses of £130,321 r8suliin9 in oveioll annuol deficil of £670. 828 Our lolol income was £934.618 IT01 income in 2(Y23 £767,5WI. £520,454 in inle¥nally geneioled income £22,469 reslricled donolions and grants £391.695 Irom our combined inveslm8nls Iwhich includes our inve51menl portFolio £168,035 and inveslmenl propety lèosin9 some of our building £221.1161 As described obove our key sources o+ internally generoled income are: Health and filne5s income- £216,34312023 £136,189) Café & even15 income- £80,14412023 £55.(K)61 Room hife- £ ICX).65212023 £101.7501 Oihèr income £18,557 In oddilion. we received £127.227 in 9fonls ond donations. of which £103,CXY) was in-kind donolions 12023 lolol was £113,183) Injan 2025, we loUncd our 2025 - 2029 suslainobility plon. wilh o breokeven point in 2029. To achieve Ihi5 breaOn polnl. w8 will increose our inlernally 9enefoled incorne. incfeose our levels of exlernol hJnding lo rellecl Ihe 9rowing number of projects we will deliver and moke efPiciency cuts in 2025. 2026 ond 2027. As described 06ove, hove re-desi9notsd our funds lo support 115 on o path lo susloinobility. morkel value ol Cozenove Copilol Mana9emenl os of December 2024 wos £4,101.7Q7 13
Fund summary Breakdown: Fund Amount Free Reserv8S £ 703,639 Desi na18d Funds Designoled Fund - Susloinobility Fund Desi noted Fund Copilol Fund Desi noled - Future proofing fund £ 1,217,257 £ 1.797.495 £ 450.(XX) Reslricted Re5erYes £ 5,212 Unrèslricted Res8pi8s - o55els £ 6,468.293 Total £ 10,641,896 7. Fundraising In 2024, the chority engaged in minimol public fundroising oclivihes. The Charity did nol use third porlies lo ossisl with fundroising ond the clKJrity receNed no comploinFs in the yeor regarding its lundroising praclices. The chority hod no fLsnd¥oising oclivilies requiring disclosure under S162A ol the Charilies Acl 2011 during the financial year. Ih charity rec8N8d: £9,999 from King5 Colle9e London for Book of Knowledge projecl £ 1.000 from Better Bonkside lor the Hub project £6,970 from Souihwark council For h COOK projecl Isusloinoble Food Sirolegy Gronil £4,500 donolion Irom Mom MacDonold limiled for DINE food community projed 8. Public benefit The Trustees conf1rm thal they Fmjve complied duty under tIOn 17 of Charities Act 2011, 10 hove dve regord lo the Charity Commission's generol guidance on public benePIl, including 'public benefitr. runnin9 o chority.. In each of activities, summorised above. the Truslees believe they comp with thEir fesponsibilities regording public benefil. Even though mosl of the Charity s projecls afe festricled to women, Irvslees believe this is o sufficient seclion of the public. Addiliono1, many project participonts hove experienced some Form of gender- based violence or obuse and asked for women-On projects. Our TeseoTch olso Fells us Ihal women are di5PfOPOrtionally ofFecled by menlol health issue5. Borriers lo occe55 are minimi5ed - indNiduols con self_refer lo projects which ore free lo occess. There is o very occessible lee stnJchJre fof gym membership, including conce55ionory ond Free memberships in cerloin cose& 14
- Structurei governance and management This report is prepared in accordonce the Memorandum ond Articles and the recommendotions ol Ihe Sialemenl of Recommended Pfoclice - Accounting ond Reporling by Chorilies ond complies with applicable low. The Bridge Central, lormefly The Young Women s Chrislion Associolion Cenjrol Club ClwJrity'l was incorporoled on 30July 1998 Os o compony limiled by guoronlee ond nol Iwjving o shore capilol Ire91slered number 036069401. li has olso been registered as o charity Ino. 10713151 ond is peimilled lo exclude Ihe word 'limiled' from 115 nome. This yeor morked o signiPicont leodership Ironsition for our orgonisolion. We welcorned Becky Booih os our new Chief Execvlive Olficer. We would olso like lo extend our Orrfe11 Ihonk3 lo Joy Grimshaw who slepped down oher 25 years ol dedicoled service. We are deeply gfolelul lor vision. possion. ond unwovering commilmenl. Divlslon of ResponsibiliNe3 Th8 Board of Trvstees hos uliimole responsibility for governance. ensuring thol the chority 15 well- monaged ond operol8s in the best interests of its beneficiaries. Tre Twstees sei the long-lerm vision, opprove key policie5, ond moniloi overall performance. Truslees or8 responsible fof the general conlrol ond sliolegy of rhe Chority. To ossist in srn¢)oih running ol operalions, Ihere ore Ihree sub-commillees which advise Boord (Humon Resources, Finonce and Morkelingl. Th8 Finonce Sub-committee meels on a quarterty bo&s, the 01*1S os needed bul o minimum of le& o y8or. A sloff Heolih ond Solety Commillee feporls lo Ihe Humon Rex>urces Sub-commillee. The Chi•F Ex•cvttv• Offic•r ICEOI 15 responsible for implementing Ihe Board s slrolegy ond overseeing Ihe doy-lo-doy operolion5. Reporting direclty lo Boord, the CEO ensures IF Ofganisalion remoins eFfeclive, finonciol41 suslainoble, ond oli9ned with its mission. The Senlor Leadership Toam ISLT), led by the CEO, Is responsible for operolionol monagemenl, leadership, and progromme delNery. SLT ensures Ihol 5lralegic objeclives ore IfonJaled inlo effective oction, managing resovrces elficien1 ond responding lo emerging chollenges ond opportunilie& To9ethef, Ihe Truslees, CEO. and Senior Leadefship Team work colloboro1sve lo upk)Id I orgonisalion's values, ensure complionce, ond deliver impod for our beneficiorie& 15
10. Recruitment and appointment of trustees Truslees corry out on onnuol ski115 audil, lo esloblish Ihe skills. knowledge and expefience within Ihe existing Board membership ond identify ony gops ond oher this, il necessary, o period ol recnJilmenl follow5. Vaconcies ore widely odverlised lo omrocl o brood diversity ol applicants, ensurin9 0 bolonce ol skills, experience, knowledge. ond backgrounds. Inleresled polentiol Iruslees meet with o srnoll group of Tru51ee5 and sloff lo give them the opportunity lo find out more oboul our aims, objeclNes, ond aclivilies. They are Ihen inviled lo ottend a Boord Meelin9 05 observers. This process allows pioper consideration of individual s eligibilily, specialist skills and knowledge. New Trustees ore Ihen elected by the members ol their Annual Generol Meeting. The Trustees rnoy ol ony lime co-opt any person qualified lo be appointed 05 a Trustee to fill a voconcy unlil Ihe next AGM. Trustee induction and training All new Truslees ore encouroged lo spend some lime with sloff lo fomiliarise Msee$ with oui work ond Ihe conlexl within which we opefole. On appoinlmenl, they ore given o copy ol Ihe BooTd Member Handbook, The Memorandum ond Articles ol A5s0ciolion, lolesl sel of Managemenl Accounts ond the m051 recenl Annuol Report ond Finonciol Siolemenls. The hondbook conloins key inlormolion about the Charity - Ihe work il doe5. the responsibilitie5 of Truslees. 9overnonce relating lo the Charity, Term5 01 Relerence lor the Boord ond ils Sub-commimees, role d85criptions, inlormalion on compliance, Tfuslee biogrophies, elc. Trustees ond senior slolf recognise Ihe imporlonce of keeping up lo dole with govemonce developmenls. Ihe regulalory environment ond the chority londscape and omend seminors ond Otr evenls opplicoble lo Iheif oreos ol inleresl ond expertise. Deloils of relonI troining opporhJnilies ore circulaled lo Ihe 8oafd ond slolf. 12. Pay policy for senior staff and trustees All Iruslees give Iheir lime Free ond no Iruslee received remuneralion From trF Charity during the year. Details ol Iruslees expenses ond reloled poty Ironsoclions ofe disclosed in nole 6/7 10 occounls. Solories ole sel ond feviewed onnuolly by the Boord ol Truslees. They: use benchmorking lo ensvfe Ihol solories remain compelitive,. approve Ihe onnuol percenloge incr8ose in poy lor oll slF (which con be zero. oport from those receiving the London liwng Wogel. considerin9 issues such 0$ oHordobility and the RPI os of 31 December of the previous year. 16
13. Investment policy Investment powers Under the Mernorandum ond Articles of Associolion the Trvslees have the powei lo deposit or invest funds in any monner Ibul lo invesl only ofter odvice from o finonciol expert and howng regord lo the svilobility of inveslmenls ond the need for diverFICatiOn1. Governance Decisions ore made by the Board of Trustees and the hove delegated the monogemenl of investrnenls lo financial experts, bul only on lerms that. the inveslmenl policy is *1 down in wriling for the finonciol experts by Ihe truslees; timely reports of all Ironsoclions are promded lo the Iruslees.. Ihe performonce of the inve51menls is reviewed regulorly with the Iruslees, the Iruslee5 are enliiled lo concel the delegation oiiongemenl ol any lime; the investment policy ond Ihe delegation orfongemenl ore reviewed ol leosl once o yeor all poymenls due lo the financiol experls are on a scole or ol a level which is ogreed in advonce and ore notified prompdy to the fruslees on receiptr the Finoncial Expert must not do anything outside the powers of the Iruslees- Investment objectives The Trustees afe looking lo achieve on income return of 4% ffom the Chority s inveslmenl porrfolio. During 2024 the portFolio achieved o lolol relurn of 7.7% which wos aFEod of the inveslmenl 5 performonce lorgel. A dislribulion poyment of 4.1 % wos recewed from inveslmenls. Risk Attilud• lo risk The chority depends on the income. or to1 relufn of ils invesfmenfs lo fund onnuol chofiloble expendilure. Milsl there is flexibility in some expenditure oreos, o minimum is needed to 9enerole income. The chority is willing lo occepl o medium lo higher degree of risk in order lo generole a lolol relum okod OF inflation over the medium lo long term. Ethical invoslmonl We considered moving lo o Responsible Mulii-Assel Fund lo minimise the Chority s impacl on people and the plonel. Inveshn9 in Ihis Fund would reduce the lolol costs ond simplify admini51rohon, whilsl preserving the long-lerm investment obieclive. Management, reporting and monitoring Cozenove Copi1 Monogemenl was oppoinled os the inveslmenl monogers in Jonuary 2011 ond monoges the investmenl policy. Quarterly reports are circuloled lo Boord wilh IFE Investmenl Manoger5 pre5enling lo Board ol leos1 onnuolty. 17
14. Statement of trustees, responsibilities The Truslees. who are also direclor5 ofTrE Bridge Cenlrol (former The YWCA Centrol Clubl for the purposes of company lowl ore responsible for preporing Trustees Report ond the Financiol Sialemenls in occordonce with applicoble low ond United Kingdom Accounting Siandords (United Kingdom GeAerally Accepted Accounling Proclicel. Compony law requires Irustees lo prepore finonciol stotements for each Financial yeor which 9rve a true ond fair view of the stole of the offoirs of the chofiloble company and of the outgoing fesouTces ond opplicalion of resources. In prepofing trEse finonciol stotements, the trustees are required 10: select suitable accounting policies ond then oppw them consistent, observe the methods ond principles in Ihe Charilie5 SORP- moke judgemenls ond eslimoles Ihol ore re050nable and prudent slate wheiher applicable accounting standards hove been followed, subjed to ony maleriol deparlures disclosed ond explained in the accounts- prepore the occounls on o goin9 concern bosis unless it is inoppropriole lo presume Ihol tk chority will continue in business. The Trustees are responsible lor keeping proper accounting recofds thol disc105e wilh reosonoble occuracy at any time the financial position of the Choiity and lo enoble lo ensure Ihal the occounls comply wilh the Cornponies Act 2CQ6. They ore olso responsible for sofeguording the ossels of Ihe Charity and Ihe group and hence for toking reasonable steps for the prevention ond delection of Irovd and oihef iife9ulorilies. In so far as Ihe Iruslees ole aware: Ihefe is no Televonl oudil informolion of which clvjriloble compony's oudilor is unaware,- ond the Iwslees hove token all sleps thol Ihey ought lo hove laken lo make themselves owore of any ielevanl oudil information ond lo esloblish Ihal audilor is owore ol Ihol informotion. The compony hos loken advonloge of the smoll companies. exemption in preparing the Truslees Report. Approved by Boord of Truslees, ouihorised for issue and Ygned on its beholfr. Cothefine Sykes Ico-choirl Jo Grist Ico-choirl May 2025 Moy 2025 18
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE BRIDGE CENTRAL Opinion We hove avdiled the finoncial 51alements ofThe Bridge I'ihe compony I foi Ik year ended 31 December 2024 which comprise the Siolemenl of Finonciol Aclivihes, the Balance Sheet. Cosh Flow Siolemenl and notes lo the finonciol 51alemenls. including a summory of significanl accounting policies. The Pinonciol reporting Iromework Ihol hos been opplied in Iheii preparolion is opplicoble low and United Kingdom Accounting Siondord5. including FRS 102 'The Finonciol Reporting Siondard Applicoble in UK ond Republic ol Ireland, (Uniled Kingdom General Accepted Accounhng Procticel. In our opinion the financial slalemenl& give o true ond foir view of Ihe stole ol Ihe choriloble compony s oFfoirs os 0131 December 2024 and OF ils incoming resources and opplicohon of resources, including ils income and expenditure, for the yeor Ihen ended,. hove been properly prepored in occordance with United Kingdom Genero1 Accepted Accounting Practice,. ond hove been prepored in occordonce with Ihe requiiements of the Companies Act 2CQ6. Basis for opinion We conducled our oudil in occordonce with InteTnolionol Siondords on Auditin9 IUKI IISA51UKII and applicoble law. Our iesponsibililies under thos6 slandards are hjrther described in Ihe Auditors Responsibilities For ovdil of the Finonciol stotements seclion of our report. We are independent ol Ihe charitable company in occordonce with the eihicol requirements are relevonl lo our audil ol I finoncial slolements in the UK, including FRC 5 Ethical Stondord. ond we hovefulfilled our other ethical fesponsibililies in OCCOfdonce wilh these requirements. We believe thol the QL*dil evidence we hove obioined is sufficienl ond oppropriate lo promde o boss for our opinion. Conclusions r•lthing lo going conc•rn In auditing financial slotements. we hove concluded the trustees use of the 90in9 concern ba5 of accounling in the pieparation of the Pinancial stolemenls is appropriole. Based on the work vrfe knve performed, hove nol idenlified any molerial uncertoinlies relohn9 10 evenls or condilions thol, individuolly or colleclively, moy cosl 5igniFicanl doubt on Ihe chorilable componq5 obility lo conlinue os o going concern lor o period of ol leosl e1ve monihs Irom when lh8 financial slalements ore ouknrised for issue. Our responsibilities and Ihe responsibililies of the Iruslees with respect Io going concern ore described in the ielevanl seclions of Ihis report. 19
Other information The oiher informolion compfises the informotion inclvded in annuol report, other thon financiol 51alemenls ond our oudilor s reporl Ihereon. The Iruslees ore responsible foi the other informotion. Our opinion on the finonciol slolemenls does not cover the other infoimolion and, excepl to the exlenl otherwise expliciily sloled in our reporl, we do not expre55 any form of 055uronce conclusion Ihereon. In conneclion with our oudil of the financial slalemenls, our re¥)onsibility is lo reod other informotion and, in doin9 so, consider whether other informolion is moleriolly inconsislenl the finoncial slolemenls or our knowledge obioined in the oudil Of oihefwise appears lo be molerio1 misslaled. If we identify such moleriol inconsistencies or opporenl rnoleriol misslolemenls, we ore required lo determiné whether there is o maleriol misslolemenl in Ihe financial slolemenls or o moleriol misslolemenl of Ihe other inlormolion.11. bosed on the work we hove perfofmed. we conclude Ihol there is o moleriol misslalemenl ol Ihis oiher informolion, we ore required lo report Ihol locl. We hove noihing lo report in Ihis regard. Opinions on oih•r matters pr•scribad by the Compani•$ Acl 2006 In our opinion, bosed on the work underloken in the course ol the audit. the inlorrnalion given in slrolegic report and the truslees onnuol report for finonciol yeor for which Ihe finonciol slalemenls ore prepored 15 consislenl the financiol slatemenls.. ond the 51role9ic reporl ond Ihe Iruslee5 onnuol report hove been prepaf8d in occordance wth opplicable legol requiremen1& Matlors on which w• arn r•quir•d to r•port by •xc•plion In ikn li9hi of knowledge ond underslanding of company and ils environment obioined in the course of the audil. we hove not idenlified moleriol misslolemenls in the slrolegic report or the trustees, annual report. We have noihing lo report in respecl of followng mollers whre Companies Ad 2CK)6 requires us lo report lo you if, in our opinion: odequole accounting records hove not been kept. or rern5 odequole for our oudil have nol been received from bronches nol visiled by us: Of the finonciol 4alemen15 ore nol in ogreemenl v*ith the occounling records and relurns: or certoin disdowres of thjslees remunerotion specified by I( ore nol mode: or we have nol received oll Ihe informolion ond eJplanotions we require for our oudil. R•sponsibilitiw of truth•s As exploined more ful in truthes responsibilities slolemenl sel oul on poge 48, truslees (who ofe olso the direclors of cknrifoble compony for kn purposes OF compony lowl ore responsib18 for 20
the preparotion ol the financial 51alemenls and lor being satisfied tkni they give o Irue and fair view, and for such inlernol control 05 the truslee5 determine is nece5sory lo enoble the preporotion of finonciol slalemen15 Ihal ore Free Irom moleriol misslolemenl. whetr due lo koud oi error. In preparing the Pinanciol slalemenls, the Ituslees ore respon&ble for Ossessing the choriloble compony s ability lo conlinue as o going concern, disclosing, os opplicoble. motters reloled lo going concern ond using Ihe going concern bosis of accounting unless the Iruslees either inlend lo liquidole chariloble company or to cease operolions, or hove no reolislic oliernolwe bul lo do so. Avditsr's respon$ibililies for ih• audit of th• financial statements Our objectives ole to obtoin reosonable oswronce oboul whether the finonciol stolements as a whole ore free from maleriol misslolemenl, whether due lo Iraud or error, and lo issue an oudilor s report Ihal includes our opinion. Reasonoble OSSUTonce is o high level of assuronce. bul is nol a guoronlee on oudil conducted in accordonce wilh ISAS IUKI will always delecl o moleriol mi551alemenl when il exists. Misslalements con orise from Iroud or error and ore considered molefiol il, Individual or in a99regole, they could feasonobly be expected to influence the economic decisions of users loken on the bosis ol these financial slolemenls. Irregulorilies, including fraud, ore instances ol non-complionce wilh laws ond regulolions. We design procedures in line with our responsibililies. outlined above, lo delecl malerial mi551olements in respect ol irregulorilies, includin9 froud. The exlenl lo which our procedures ore copoble of del8Ctin9 irregularilies. including froud is detailed below. Explanotion ai to what •xl•nt th• audit was conJidor•d capobl• of d•t•ding irr•gulariti•s. including froud The objectives ol our audit in respecl of Iroud, ofe; lo idenlily and assess risks of moleriol mi5slolemenl of th8 Finonciol slolements du8 lo froud.. lo obiain sufficient oppropiiole oudil evidence regording the 05sess8d risks of molerial misslalemenl due lo fraud. through designing ond implementin9 oppfopriale responses lo Ihose 055e$5ed risk3; and lo respond oppropriolely lo inslances ol froud or suspected fraud idenlified during the audit. However. primory responsbility for the prevenlion and deleclion ol fToud resls wilh boih monagemenl and thK)se clM)1ged with governonce of the cFKJrilable compony. Our opprooch wos os follows: We obioined on understanding of the 18gol ond regulolory requirernenls opplicable lo the choriloble company and con&dered thal the most si9n&icanl ore Companies Ad 2CQ6, th8 Choiities Acl 2011, Chority SORP, ond UK finoncial reporting slandords os issued by Ihe Financial Reporting Council We obiained an underslonding of how Ihe cl)oriloble compony complies with Ihese requirements by discussions wilh monogemenl ond those chorged wilh governance. We ossessed the risk ol moleriol misslolemenl ol the financial 0*ementS, including the risk ol molefial misslolemenl due lo Iroud ond how il mighi OCCUf. by holdin9 discussions with managemenl and those chorged wih governonce. 21
We inquired of monagemenl and those chorged wilh governan os lo ony known inslonces of non-complionce or svspecled non-complionce wilh lows ond re9ulalions. Bosed on this underslondin9, we desi9ned specific oppropriale oudit procedures lo idenli inslonces of non-complionce wilh lows ond re9ulolions. This included making enquiries of monogemenl and Ihose chorged wilh governonce and obioinin9 odditionol corroborotwe evidence os required. As port of an audit in occordonce wilh ISAS IUKI we exercise professionol judgement and moinloin prolessionol sceplicism Ihroughoul the audil. We olso: Identify ond assess Ihe risks ol moleriol misslolement of the finonciol slalements. whether due lo Iroud or error, design and perform oudil procedures responsive lo those risks. ond obiain audit evidence thol is sufficient and oppropriole to promde a basis for our opinion. risk of nol delecling a moleriol misslalemenl resuliing Irom fraud is higher Ihan for one resulhn9 ITOM efror, 05 fraud may involve collusion. forgery, inlenlional omissions, mi5represenlolions, or the override of inlernol control. Obtain an underslonding of inleinol conlrol felevonl lo oudil in order lo desi9n audil procedures Ihol Ofe opproprio18 in tFE circumslonces, bvl not for the purp¢)ses ol expressing on opinion on lh8 elfecliveness of Ihe choriloble compony's inlernol control. Evoluole the oppropfioleness of accounting policies vsed and the reasonableness ol accounting eslimoles ond reloled disc105ure5 mode by Ihe huslees. Conclude on Ihe opproprioleness of IF Irvslees use ol the going concern bosi5 01 occounling and, bosed on the oudil evidence obioined, whether a moleriol uncertainty exists reloled lo events or conditions thol may cosl significonl doubl on chorilable compony's obility lo conlinue os a going concern. If we conclude Ihol a molerial uncertointy exists, we ore required to drow ollenlion in our oudiloi 5 report lo the related disclosvres in the finonciol slolemenls Of, if such disclosures ore inadequol8, lo modify our opinion. Our conclusions ore bosed on the oudil evidence obioined up lo the dole of our audilor's report. However. future events or condilion5 may cause I ¢hafilable compony lo cease lo continue os o going concern. Evoluole the overall presenlolion, slructure ond conlenl of the financiol slolemenls. induding the disclosv(es, ond wl*iher the finonciol 4olemenls represent Undering kfonsocliofts ond events in o monner Ikjl ochieves loir presenlalion. We communicole with Ihose cknrged wilh governonce regording, omong oiFfir motters, Ihe planned scope and timing of the oudil and 5ignificonl oudil findings, including ony significanl depiciencies in inlefnol control Ihal we identify during our oudil.
Us• of our rnport This report is mode solely to the choritoble compony's members, os o body, in occordonce wilh Chopier 3 of Port 16 01 Ihe Companies Acl 2C06. Our oudil Wofk has been undertaken 50 Ihal we might stole lo the company's members Ihose mollers we ore required to 51ole lo them in on oudilor s report and for no oiher purpose. To the fullest exlenl permitted by low. we do nol occepi or assurne re5ponsibiliV lo any paty oiher Ihan the choriloble compony ond charilable compony's members 05 0 body, for Ouf oudil work, for thi5 report, or for opinions we hove formed. Jonoihon Aikens (Senior Sialulory Auditor) for and on beholf of Moore Kingslon Smith LLP, Sialulory Audilor 24 June 2025 9 Appold Stteel London EC2A 2AP 23
The Brldge Cenlral statement of Flnanclal AcffvHles (Incorporatlng the Income and Expendlture Account) For the year ended 31st Decembei 2024 Fw)d• 2Q24 TOTAL 2023 Nol• 2024 2024 Inc¢xn• Dorbollon• ond l•gocl•• 104.758 22.469 127.227 113,183 Ihv••lm•nl Incom• ChartbI• odvlll•• Health & wellbéing m¢mbw•hip wbxrlpthxi Calelorla & onIS Room hii• Oihei Incomo 391.695 391,t395 352,420 210,343 80.144 ICX),052 18.557 216,343 .144 IW.652 18.557 136,189 55.¢K 101.750 8.136 T¢tsl Ineèm• 912.149 22.469 934.618 7&7,590 Expmdwur• Coil ol rnanogln9 Inv•menli ChoriiobL octIlIe9.. H•alih & wellbelng m•mb•rJhip $ubscdF4hinJ Col•l•ilo & events Roorn hir• Piolecls progrgTh 75,052 75.052 91.184 458.194 238.896 401,587 224,139 458.194 238.896 461,587 241.31 391,743 216.Y)8 217,7 432.891 17.257 TOMI Exp•ndllvr• 1.457,868 17.257 1.475.125 1.350,110 N•1 Exp•fidiiui• lor lh• y•or bdor• goln• / Ilowil 1545.7191 5.212 1540,50 1582,5261 Unloall golni / IkJ416#1 or v•sIrnl wowIs Nel r•oli¥d and vnt•alis•d galns on hv•slrr4Jnl 10 I2¢.3041 105,983 121X.3041 105,983 324,8 153.tQ7 Nd rngv•m•ni In hmd• 676,040 5.212 1è70,82 1104.0291 Total fvThd• biovghi lorwoid 11.312.n4 11,312724 11,410753 Toknl fvnd• conl•d Iword 31 OK•mb•r 2024 17 10.636.684 5.212 10,64l,8¢)0 11,312,n4 hjl omoufits r•10 lo rxlMN•* Ther• gr• no rKogn k490s okn th• oEth• Skknent OF FrJgI Tho nolos on 27 k 35 knm porl of Inoncknl Pag•:24
The Brldge Central
Balance Sheet as at 31st December 2024
N
2024
2023
Tongible owls
Ink)ngible knels
Inveslment Propety
Inve51rnents
4.Ct)i.ri)4
4,018.433
10
2.4eO.3
4.101 797
2.762,6Q4
4.316.520
10.570,(P I
I l.(K7,647
Curr•ntAu•ts
Stock5
Dtsbbrs
. C05h ol bonk ond in hond
12
13
2,220
46.864
220.C55
l.W8
75,372
372,959
275,148
450.329
Crediknr& Arnounts lolling dl
within on• y•ar
N•t Curr•nl ASMIS
14
1203.3431
1235.2521
71.8
215.077
N•iAss•ts
10.641.896
1,312.724
Fvndi
Re51rided &Jnds
17
5.212
Unreslricted Kjnds
17
7.171.933
8,8W,203
De%gnoted Funds
17
3.464.751
2.413.521
Total
17
10.641.896
11.312.724
The nole5 on poges 27 b 35 Frym F¢rt af these firKK sfr)menl
These fi'nofiool stolements hove been prepared in accudonce the speool prThiyons apFJicoU• lo
companie5 SUeCt to the sm¢llw componi¥s' re9.
pro¥ed ond authryi$4d for issue the 80(yd dTruses rm 13th 2025
ond &gned its b•holl ty.
GIkn SO5 IC
The Bridge Central Cashflow Statement For the year ended 31st December 2024 To1 2024 T¢)knl 2023 N*)1• Co$hflows from operating aclivili•s: Nel cash (used inl operoting octmlies 19 1842,8421 1826,e4)41 CaJhflowJ from inv8sllng advltlos: Dividends and inlerest fr¢)m inve51ments Purchose of propety. plant and equipm1 Nel investmenl wthdrawo15 391.695 176,4541 380,707 352,426 129.5291 613,440 N•1 ¢osh provsdod by Invesllng a¢lMIIos 695.948 936.337 Change in cash and cost eqvNolenls in Ihe reporling period Cash ond cosh equivalen15 01 the beginnin9 01 the reporting perbod 1140.8941 372.959 ICP,733 263,226 Cosh ond cash equiv¢Jlen15 01 the end ol the rewhng per 220,Ch55 372.959 R•eonciliatlon of nol d•bt At31 Doc 2023 Cash Fl¢y A131 D•e 2024 3n.959 1146,8941 220,Cb5 Poge: 26
The Brfdge Central Notes to the Flnanclal Statements For the year ended 31st December 2024 Accounling Pokid•i Company inforniotion The Bfidg8 Cenlrol Ilormolty Yovn9 W¢)nwn s Chrilon As509'uirJn Cenfvd Clyb bmrtedl t5 0 Iwnid compary d)rnrid ord Incorporated in Englond ond Wole5. The regtered olhce bs 73 - 81 Sovthwork Bnd9e Rod. i(¢ SE i ¢J4Q Basil ofA¢n The choriloble cornpary 55 a publt bènolii enhty kn the puip059 of FRS 102 and therefore the Ch$ h"n¢Mod Ythrrnts b¢gn prepor•d in accordrffice with Iho &gbmenl ol Recommended Proctic¢ applicode b ch145 PtewsiA9 theii coftts in occordonc• with Yhe Finortual Repothr¥J Sndard OPKA0bI8 in the UK ond Rewbkn'c cl Ir•I¢d. I-FRS 102 Chon"kw SORri ond lh• requirgments ol thè Componi¢s ki 2C(O ¢d the chane5 Act 2011. The lincnciol slolemanls cv• prepargd in 51efling, vthich ts th• knchcml curr•ncy ol th• comFtyW. M¢MoW in th•s• finondol &eMonI5 ole rounded the neorest povnd. The1Snonclol slot•maniJ ho b••n w9por on th• histrar01 c0stcorNen. rnodih"•d by the rewiihon OF c•fvJin WiE4• fixed 05sets, InliMen1 propwhe& ond linanciol ouels ¢yd hobilrts rneogyed th lair vdu•. The occowhng odopladoi• 6el¢yw. Going Conc•rn Th• Tiuslees are requlied onnuolty lo consider the hnoAool h•olth cl th• Chority ¢Jnd in pothcvlor th•r• OT• SL&ciwl hJn& cover the nexl fv401¥• months from th• ig)in9 01 Ih occounls. The TIv51ees rwewed the h"noncNIl ol thgnty Consid•¢ thè kn•cos1 ond c¢Mh fl¢)w piopcfw kn th• lutyre. D•splh Iho lou lor th• yr. the truste hav• o r•osonoU• •XF•dOi¢)n knjgats cwr•rt r•s•rws th• ch¢xity 11 bo In opwaNonol •xlslen¢• For Ih kY•sMabh hJfvr• a pfrrlod cl th l•0 12 mordhs From th• cl h QFpro4 ftnandol skJtsmeTr Inwn• Dot)ortofts ond couis• l••s oi• Occowd kn wh•n f•c•iO. sthriph'ons or• 5w•tsd ¢Y•Y th• cl m•mb•rthy. Incom• From thw4m•nt Ind1• kn¢¢rfntr i•¢eN•J th• p110 ¥•$1 wq)ty, Frryn ts)d 2nd AJI oth•r INM•45 r•cognId wh•n thfr charity Is •nthrf•d kn th• irKfft. it 15 proboA• be oftd il b• m•osw•d liab. Exp•n&trJr• Eyp•r¢difvr• lrtdvdd on an occruals Co# OF Incc4n• and In•3t conyts• th¢x• co¥5 the ¢rhY3kn•DI ruddio rotyfvJ Inv•slm•nl Incomts. OF C¢)lthia comprfs• ol those co&octy ro mor%gry • Coy ol Chtsrih)E4• tx11•3 ol thtss• c(55ts diiecty th• ¢xM•5 h•dth ond hthtsss. tsnd hir•. Pa. 27
The Brldge Cenlral Notes to the Flnanclal Stalements For the year ended 31 st December 2024 (Conffnued) Accounting Pofiu•s Iconlinwdl Tongible Fix•d Aets Tan9ible ILxed 0sseB c49 01 e05t Ond irns cothn9 rn £1.(XM) ore ¢(pSed Depieciotion is provded on all hd owi In the ot puich05e u5eokrthes Calated Io lte otF the cosi or ¥alwJftoD, kn eshnled reWdl¥01Ue. OF eoch osw rrW its •xpecied usefvl kl8 os Fol¢>ws". Fr•ehdd property Computer equipment Furnir ond egLiprneni onl & rncchinery 2% per onnL¥n sa¥Frt Ime 33% per onnwTr woKJhr kn6 25% pw annL4Tr 51rai9hi kne 25% per anrrtxnstrawJhr Intongible Flx•d Assets Inttsll9ible hxed a55etS OFe 5tatsd atC05t ¢)Nl Iteffth¢og¥vJ £l.(XX) ore knorhsahon piLMded on a inkangiUe tkxed a554 of w•Otto$ cokvl¢td ro wrile OH the cost OrvalL1on. kne5hmotwJ raSKknJK, oteoch owi IS ecied v3eld Ille os folk. CornpLrter So[re 33% pw ¥rayhikne In¥•knenl piopwN•s InY•51meni propoty, whh is prcpwtyheld to eam rethahaKl/¢% k¥ cowl 15 rn•a¥Ked Lon9 the far sloied It% foK ¥olJe 0$ th• rwrnng •nd date. The 5WF4u5 ov deFt• $r¢coy•d FY&d (WKI k)5Sxc. InY•thnet I$1MeThL1 org irtlLded SI1 ond b$%•$111 L¥doW the aternath1 dh"norKd admhas ffi th• yeor in whKh orIst. A provi s mod• fow bod debts rtiscw4•red th•ouw&ry b•i•cwd Fwqn&l Inuffl•nts Tho c¢ffoony h05 elècted opyth& OF SOn 11 '80 l?'Otht Insh1$)•S, ol FRS 102 ro oll Of th• hYrLwril ri9kn ro soi ¢)tF the récogf¥s•l thw•is io a•rfo ¢x o bog5ry to rw&• h QSW ¢Jid s•ttlo LvEdty Coth ond coth •qthJlw
The Brldge Cenlral Notes to the Flnanclal Stalements For the year ended 31 sl December 2024 (Conllnued) l poll ICortlrw•dl catyry ornourt otOSs•b ond lobli08%kn are nol rdlF7rI fvorn ¢JF• WC•k Th••sknobs¢yd oswpkna• ff•ys both cuThwt yo1•rn TK• compoty wrfJk•s an oFth• iKQ••roUevrJJ• ol(x4o Qhd debhy¥ osJ05wg oFtrodtrtyd e•• &bI4 fflono9•mwi conskkn lo$ indudw£ thB CL¥r•nl ct•drt rjh dlbty. o9¥ d•kw$ ojrrtsl •knat•& on hc¥1¢01 IrfvrthL%, (md plry5Kd cl S•* nokn B fu lh• CO9 offwioI Frfepty. Fjonl ond th4uyMnl and usdj Iwaskn xh dauol as k•youwplty)5 of •yMnoknJ i•nkJ ¥YJILw oryl bowj wotd to tukn• dwdw•nl on apprcwkndw¥Jrt rots or•okn In knr th• Nulvws rn&• r•l•twK• ond kOnCl ptr<•s for pr¢s•rl•s Th• thth•or £ 19,740 IX)23.. É21,2871. 2 (>onoM(bM ond l•qod Ta1 2024 To1 2023 Dorrtil Grfts Donaiions 103.120 1.628 I03.CO) 10.182 127227 13.182 T• 21y24 To 2023 108.035 221.116 141.462 ,338 1.626 2024 To 2024 7.988 75.a52 119.870 87,WJ ' 139.913 30.349 37,515 141.234 I,cKs 472.554 307.975 113.391 180.440 240.301 458.194 238.8QO 401.587 241,3 436.017 TL*J 784.3KI 0,735 1475.125
The Bfldge Central Notes lo the Flnanclal Stalements For Ihe year ended 31sl December 2024 (Contlnued) 4 Wr• 2023 17.225 73.959 91.184 ealth CofeknD? Room hire Prq•cts progwme rtcoJts 95.919 23.W3 24.269 4278 Ixs.c 391743 210,Y 217 432.W•l l(Y2.031 213.512 157.815 145.076 3W2.749 181Q.1481 ToJl 713.3S2 030,764 1.3Y).I 10 24 2023 Go%mwc• C¢) ItFx¢l&w¢nol f••s lind LffjtecthWyA1i Lqgal l••s iQ.QVJ 3.835 1&259 ILV5 27 COS TNskn5' indwnnLty Irty)rgnc• 24,e•)5 040 3 5CO 2024 2023 W¢lW 3d05 RldanCes0d Sociol Security cos¥ 4.535 51633 21.286 113.2 eo052 19.748 784.3 2W44 2tr23 13 15 2024 th• £elJ.Wl b £70.fxKI £70.Q)I b £60.(fKI cto XY24 Idty 2&y$s•1 £t41 J t7Q(XQ¢Ary&xTh4TC4L• £)I¢xorrd 2024 2023 £232.017 £178,924 tj W IW23. Eq tspor123. LD d £270¥¥•77•1 Pojè:
The Brldge Central Notes to the Financial Statements For Ihe year ended 31 December 2024 (Contlnued) 8 Tangibl• AM•h Fwnbtw• and Eqviprn¢nl Fr••hold 8iMldirvJs Cofflpul•r Equipfflw Total Coxl AJ 14Januory 2024 AddiNons Disposals 4.398,0 33,681 5,711 110.2941 425.¢7 70.743 1116,1381 4,858.367 76,454 1130,4091 13.977) 37 DKgfflbw 2024 4,394,713 2Q.CQ8 380,d)I 4.804.412 D•pr•¢ialion Ai l itjonuary 2024 Chor9e loi the yeor Dlsposa 486,376 42.465 17721 27,404 326.154 42.223 839.934 8Q,778 1127,204 110,2941 AJ 31 * D•c•mbgr 2024 528.(k>9 22.2 252,23Q 802.508 N•1 Btsok Volu• Ai 31st Decembef 2024 3.806.¢544 6.898 128.362 4.(X)I.¢K)4 31 st Drnber 2023 3.912,314 6.277 W.842 4.018433 The kethold pr¢yty is For dir•d cknrknbki purpose& The propwty i% i•corded al its volLW. 9 Irbtangibh Pd AM•ts Fr••hold Building• Compul•r Equyrn•nl Totd Co AJ I stjanuary 2024 AddikJrkJ DI41> 20.( 120.W)I 120.C)J)I J 37 Dec•mb•r 2024 D•pY•aolio AJ l JanUary 2024 Choig• lor y•or DS¥xJyJls 20,CKXI 120.CWI 120.¢XQI J 31 * DK•mbw 2024 b¢>okVt)k J 31 * Dec¢mber 2024 AJ 31 st D¢tynbw 2023 Page: 31
The Brfdge Central Notes to the Flnanclal Stalements For the year ended 31 st Decemb•r 2024 (Conllnued) 10 Inv•slm•nt prnp•ty 2024 2023 Ai l Jonuory 2024 TronsFer kom Fixed Asse Unr•Old 90in/llo551 2.762.694 2.312.otKs 125,144 324,8Q) 12Q6.3041 As0131 D•caff&v 2024 2.4&5.3KS 2.702.094 IDvesm•nt piop•ty compris•5 OF th• hrst secc clthe pr¢¥•Th ond twsad spoc• on th• 3td Atyoi otsd 5th Poor 73. 81 8rd9B Rood. London. Thè fow ¥olv• of the ifvestrwni piopety hgs b8•n orrThd the b0ClolLo ¢arri•d w by Fidd ond Chfftnd rw•wed Fthory X)25. noi connqcknd the ccryyw. Th•valugwwos nbJd• open rMJrk•ibvkn• t•Iww to ol IronOn pricw loi smdor Fxop•rh•& Il irtv•Jthenl piopwh"w w4r• e• on lbhJrittil co bw rth•7 btsm in be•n 0$ 2024 2023 Co 1.187.579 1.187.579 1.187.579 1.187,579 I I Inv•slm•nts 2024 2023 4.316.520 13KJ,707i 165.984 4.776.353 1613,4401 153.è01 4.31è.520 N•rwthdrowY>L% Nèl f•aliJ•d gnd wr•alwd ¥V•nI Ib4/ggl 4 101.797 4,057,581 44.216 4,294,101 22.419 4.101,7Q7 4.310.520 UK ,112,626 2,831.814 157.357 1.195.045 ?..480 216.995 Coth 4.101.797 4,310.SY) 2024 2023 Mthrid irhA#I1{Trw 5% of trTrwff•nlor• li¥•d 0s10kn%' il 7.122.950ts cl&ty xJirnJbl• 117.250.C(#J 01thl ¥MknIN)bl•mthsWt k li 4ts).cw dOPERTY INCOME TRUST Foa CPIARITIES. 4,055.(Tr5 3.¢>eé.475 301.240 2024 2023 3.753.571 Poge: 32
The Brldge Central Notes to the Flnanclal Statements For the year ended 31st December 2024 (Conllnued) 12 Stock 2024 2023 no$ord SFrfa4 bi115 2.220 I,W8 13 D•bts 2024 2023 Tro& debkn Prepwents ond occwed Incoff Other d¢biors 9.010 23.862 13.392 41.700 29,781 3.811 46,864 75.J72 14 Cr•dikn: Amounts du• thIn y•tsr 2024 2023 Tiodg creditors Oiher credilOIS othor loxgs ond soc1 s•curty Accruals Dthrrgd Inc(Th? 40,470 56.087 20.563 37.695 48.528 22.097 69,059 25.lt 33.380 85.556 203,343 235.252 15 FutrJr• R•nh du• Irom T•nan 2024 2023 Th• Cknilty hos 4¢23.. 51 t•nonts l•osirKd PlOWtyvAlin their lkIVa. Amounts du• vAthin l ygor Amounts dvts 2 ond 5yéorJ 143.W 168.Q40 149.565 227.586 16 D•hrr•d Ihwm• Antstyw 2024 2023 PJght lornwjrd R•leosgd In the y•or 85,556 185.5561 48.528 41,527 141,5271 85.556 Pc48: 33
The Brfdge Central Notes to the Flnanclal Slalements For Ihe year ended 31st December 2024 (Conllnued) 17Fw 2024 Uot•khd. g•nord 7.310.110 1.589.087 912.149 11.314 m51 165.Q83 5.879.IXI 1.2V2383 DI0na. ¢JPNALffldwnkYU Fkn De&gnaP•d. Svwi•thn Fwd Dtkthd. Fund 1.570.C¥XS 157.13n 284.631 1.217.257 1757.495 1.217. 843.521 olKnv4•d9•. Klr¥sCdlryo iwdon Hubwoty. Oener 0.970 12.845 13.86Jl 4.125 ts37 DINE lood 11.312.724 934018 11.475.1251 IIX).3211 10.641.696 CJrnV#d•ThQtsd fuR& or• d•n•dty) cow1 Fwd.. 2024. $1.797.494 45 upaiod•s Wl WC X>)) 2024 703.039 1.217.257 1.797493 Fri• R03•fWS D•1•d Fud. suyts1dfy Fvnd DonOdEYnd. Fr D•¥n(rtd. r 3.712 è.468 293 10.041.10 2023 7.3 11.2S1.•)21 Ix 324 7.31Ql10 1.2bl.I97 1.570.(UJ 93V.2J5 lJmC¢J) 843.521 IVJ.7141 7¢¢5 11.35) 11 11.J12.n4 Ta•lll 4.UJI.tW)4 4C¢I.¢UI 22d 4101797 31.834 &212 115425 7 171 QJJ 1154.2591 10.641 8VO 3.A64J51 5.212 4.018.4J] VZP5 018.4J3 Jn959 JlthSXI 1413J21 04 1157.8611 8.WA) ))J IIY.8811 11.Ji?n4 2.41J.521
The Brfdge Cenlral Notes to the Flnanclal Slatements For Ihe year ended 31st December 2024 (Conllnued) 19 R•¢on¢ihulion oFn•trnmm•nl in Iulth Coth Ilowfrom op•rahnq odivi 2024 2023 mov•m•nl in K)nds lou In inv1meDI D•prowln Lo ofi dispo3d ol hxad t)$$ DfvK4•nd5 ond intel8 k¢m xw•slm•nts IKfeoM in slocks D•creos8 in debiors D•¢i•¢Jse in credito 1670.8281 130.321 89.778 1104.0291 1478,4981 IOd.794 1391.6951 1223 28.508 1352.4201 17491 15.8301 10.lJ2 42.842 20 Comparoh¥• SM•1 ol Finontiol Adi¥ifv Unr•thiEhd F¥Nls R•¥rid•d Funds 2023 2023 T¢401 Fundi 2023 Incom• Donatl¢ni ofid l•gacS 113.183 113.183 In4atrn•nl Incom• Chorltabl• a¢NlI•S Hoolih & w•llbfj4n9 m•mE•iahip su6scriVkns Cal•l•rio & •v•rtts Roorn hif• Oih•i l•ttJm• 352.420 352.426 130.189 55. 101.750 8.13 136.189 101.750 8.ljo T01 Incom• 707.5KJ 707.5 •ndihJr• Cost ol manoalng Chotitobl• 01¢ H•ohh & w•lVo•ir•J m•fflb•rthip Cal•l•liO & Own RrJm Nr• 91,184 91,184 3Ql.743 210.508 217.7 432.891 391.743 216.508 217.7 432.8Ql Frfcgffjmm• Totsl Exp•fidMuM 1.350,116 1,350.116 N•t Eyp•DdthJr• Fry th• y•or bth 9olns/11 1582.5261 1582.5201 324,8 153.eA)7 324.8 153,eQ7 N•1 and uNe01 inw5hMni d L•os•hobJ Premi MOV•1 In hjn 104.029 1104.029 T•tyJl hjnth knJghi lorii 11.410.753 11.416.753 TO lun& corf•d kthryl 31 D•(b•r 2023 11.312.n4 11.312724 Pcy: J5