Chrlty rrylthallon number 1131922 Conwary wlsmlon mirnb•r116883209 {Erfand ind W•kn) THE BRIDGE HOMELESSNESS TO HOPE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMEKrs FOR THE YEAR ENDED 30APRIL 2024 THE BRIDGE HOMELESSNESS TO HOPE LEGAL AND ADMINISTrATIVE INFORMATION Professor Phlllp Baker Mr Stephen Owen Mr Huw Francls Dr Girish Kunl8lrl Mr Slmon Grfbbon Mrs Rebecca Brown Mrs Sally-Ann Flemmlngs￿aDqu0h Ms Ofure Obomi8hle Ms Natssha DouBlas (Appolnted 11 September 20241 (Appolnted 115eptember 20241 •tary David Fawcett S•nlor man•ynMnt Davld F•wc•tt Chlef Ex•artlv• Offlc•r th•rlty numb•r 1131922 Company numb•r 06883209 Prlnclpil •ddrMJ 43 Melton Street Lelcester LEI 3NB 43 Melton Street Lekester LEI 3N8 Indepondent mmlner Thomas Mayfield BA FCA Mwrtleld & Co 2 Merus Court Meridian 8usiness Pdrk Lelce5ter LE19 IIU TSB 8ank PIC The Roundway 284a Humber5tone Lane Lelcestsr LE4 9JN THE BRIDGE HOMELESSNESS TO HOPE CONTEKrs Pl Trustees report Independent rAamlner's report Ststement of flnanclal actlvltles Balance sheet Not•s ts the flnandal statements 11-20 THE BRIDGE HOMELESSNESS TO HOPE TRUSTEES REPORT (INCWDING DIREcfoRS' REpoKn FOR THE YEAR ENDED 30 APRIL 2024 The Trugtaes present thelr •nnuil ryrt and flnandal statements for the ￿ar ended 30 Aprll 202 The flnanclal statements hrn been prepared In •cc(xdance wlth the accountln8 pollcles set out In note to the flnanclal statements and comply wlth the Charlty's tBovernlng document], the Companles Art 2(￿ Ind "Accountln8 and Reportlng by Charities: Ststernent of Recommended Practice applicable ta charltles preparln8 thelr attounts In accordance wlth the nanclal Reportln8 Stsndard appllcable In the UK and Republlc of Ireland (FRS 102)" (as amended for accountlng perloth Commenc[￿ from l January 20161. obj•￿¥￿ •nd Ktl¥llles The ¢JbJects of the d￿rity are for th• publ1¢ bOn￿t •nd arn all de518ned to support the rellef of Indlvlduals In need. In partlcular the provlslon of shelter food. clothln& advlc• and one to one mentorln8 and support. Most of these actTvltles are undertaken throu8h our D•y Centre {th• Hub). at 43. Melton Streek Lelcester. The Trustee5 8lw due ryrd to 8uldance contalned In the Charlty Commlsslorfs general suldance on publlc benefft ￿en reviewing the ch•rlVs alms and oblectl4N eyArdsln8 relevant powers and dutles and In plannlnl Its future obJectlve& In partlcular. the trustees conslder how planned actlvltle$ wlll contrlbute to the alms and oblectlves that have been set. We have developed fornwl 8overnance and operatlonal pollcles and prcKedures. These cover mary areas Indudln8 capablllty, code of conduct. d•ts protectlon. donatlon acceptance and refusal, safe8uardlffj whlstle blowln8, dl8nlty at worl comn*nts and complalnts and health and safety at work. The board perfodlcally revlews how It applles the Charlty Governance Code for small charltles tr• Inforni Improv•m•iits In ft$ gowmin¢e. Th1$ report Jets out how we dellver our publlc benefft In practke. Our Small. but 8nJwlni staff team hive cxlntlnued to work hard and flexlbM We started the year, allowln8 Staff, Mtthere thelr Job penTrltted, to split th•lr workln8 tlm• b•tween our offlce and thelr homes; but as the year pro8ressed, we had to chin8e thls dlrectivè, due to the Incrnas•d d•m4nd for our servlces. wlth worklw from home becomln8 an exceptlon. In Mayi Elalne. vtho had been our Hub Coordinator, left and we took the opportunlty to rfrevaluate the p051tlon; decldln£ to 5pllt the Volunteer Coordlnator part of the role ouk wlth the rest belnz absorbed Into ejdstlni role5 savlTh8 us 0.46 on our headcount. alx>. helpln8 toward our predlcted bud8et deflclt. Emma, who had prv41ously been our Volunteer Coordlnttor, was headln8 Into the latter stases of her pre8nancy and needed some flexlblllty to be able to WO￿ from home at times, took on her old rok. before leivln8 at the end of Au8USt for Maternlty leave. Katle. who had been one of our valued voluntee￿ took over as the Mental Health IAl¥ocate, wfth Evle ￿InIng In Ortober as the Maternlty Cover Voluntser Coordlnator. In February we took on 2 new part-tlme stsff membets, solely for Saturday Worklng. Jojo who hejded up (wr Mentorlns Project. reduced her hours In October & sadly left us In January. We dld brlefflv employ a replac•m•nt for h•r, but wlth the person provlng unsultsble, we d￿nged the w4ythe projert was run. In December, Kelth chan8ed h15 role to Centre ManaBer ind in February Davld's Job tltle chanyl to CEO. We would once aBaln Ilke to express our thanks to our staff for thelr wonderlul work In supportlns our guests (ser¥lce usersl. We contlnu• to be Indebted to our brllll?nt team of volunteers. who enable us to prtylde a 8reat senAce at a frartlon of the 'rnal' cost. A blg expresslon of gratltude, also, to Malcolm who has contlnued to support us ￿th the repalts and malntenance, wlthout char8lnB us for labour. As of 30th Aprfil 2024, we employed fvll-tlme staff members and seven part-time stsff members. THE BRIDGE HOMELESSNESS TO HOPE TrusrEES REPORT (INCWDING DIRECTORS, REPORn (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 A￿￿e¥am•nts •nd p•rfornwnre The Hub Is open Monday. Tuesday. Thursday and Frlday and from September 2023 we stsrted openlw on a Saturday mornlns. funded by the Rough Sleepln8 DruB and Alcohol Treatment Grant whlch Is admlnlstsred by the Offlce for Health Improvement and Di5parfitles. The number of guests w• are supportln8 on a Saturday has •Kceeded our orlglnal expectstknns. wlth us often seein£ 60+, scate. We vlew thls as a Very Important rol probidins a 5pecF4llsed tearn member to effec11¥e￿ connert wlth our 8uests regardln8 thelr mental health con¢ern& Thls stsff rnember facllltates referrdls and dlrerts Indlvlduals to relthnt servlces and or8antsatlons for addftlonal support. We ￿re successful In obtalnlnB fundlni throu8h the 'Cornmunity Or8anlsatlons Cost of Uvln8 Fund. to open an addltlonal 2 hours each day• from 1st December to 31st Marth, 8fvln8 our 8ue5ts an opportunlty to keep In the warmth for longer. durlng the colder, wetter months. Drlnks and snacks were provided, and we w¢wld often show a fil￿ or our Creat[* Lead. Luke. would try and get our guets to try to play an Instrument orJoln In karnolo. We also attracted some local elder￿ people wl wantsd somewhere dlfferent to attend. In February 2024 we expanded our mentorln8 proarnmme apln, th15 tlme to 2 fv11-tlme Mentor Co-ordlnators wlth the CEO over¥iewln8 the project. The Wrfinder projett Is funded throuRh the Church Urban FurKI. Our sulte of tralnln8 materlals for our mentors r￿W been shired with Qur other 2 partners in the project We h•va also m•n•yd to exwnd our successful 'peer volunteer scheme,. where some of our wests who havln8 reached some fomi of stablllty In thelr Ilve51 8•t In oppcrDJnitytQ'8i* bacY and Joln ourvolunteerteam. Our supplementary health servlces contlnue to be popvlarl particulèrly the emer8enLy dentsl treatrnenk prThlded thanks to Doncaster Road Dental Practke and the Wlllowbrnok Dentsl pTrctlce. We ha￿ been able ta provlde optlcal support wtth Specsavers brlngin£ a team to The Brld8a and we now have a re8ular vlslt from first Vlslon Eye¢ar4 funded throu8h the N Our'12 DI￿ of Chrlstmas. carnpa1￿ was very successful, ralslw £42CI) to support our Chrlstmas actlvltles. A bl8 shout out to Amazon, Shoe Zone, Dupll, Dunelm & SallrldKes• for thelr ￿nderful support both flnandalty (cash and presents) and providing staff ta help make everythln8 run smoothty. On the day Itsel¢ our usual Chef and hts tel￿ all volunteers; once ègaln ex£elled* provlding over 140 Chrlstmas dlnners, our buslest slnce we started IKJldlni th15 at our Day Centre In 202Q We were vlsited on Chrislmas Day by the HIAh Sherlff of Lelcestershlre, Henrfetta Chubb and fire fthters from Lelcestershlre Flre and ResvJo {Centrnl White Watthl. who came to talk to the iuests and see what they could do to help. We •re gr•t•fvl for vari￿$ partnern, who over the ￿ar ha￿ supported u$ In our mu&needed work: Heldelber8 Materfals UK have become 4 corpt)rate supporter. donating sleeplng ba8s. flasks, overnl8ht b4s and waterproof capes and have 18reed to carry on thls 5UPPQrt untll 2026. They have also provlded a number of staff to voluntser at our Day CeThtre and had around 40 staff take part in ¢ur Bi8 Sleepi fdi$in8 in exce￿ of £13.CKKI In the Thelr CEO has sl8ned up to Joln us In our next Bl8 Sleep In March 2025, $0 we are confident of another succe5sfv1 fundra15er. Ho*Ts Perclval Solldtor5 chose us as their Charfity ¢f the Year for 2024 almlni to ralse £6,000 for u4 Includlw thelr Offlce Manapr runnlni the Northwest Marathon, whith rnised nearty £7(Kl In the process. They also have a qulz n1£￿ and a 818 Sleep planned. THE BRIDGE HOMELESSNESS TO HOPE TRUSTEE5 REPORT (INCLUDING DIREcfoRS' REPORn ICONTINUED) FOR THE YEAR ENDED 30APRIL 2024 Shoe Zone have contlnued thelr suppo¢ both monetary and In ternK of socks and footwear. Local soul band, The Plrates of Soul, reform•d •nd played thelr flrst concert back a5 a charlty fundrnlser, ratslni In e¥￿S of £12￿) for us. One of our Th Dr Glrlsh KunlBlrl, ran the Southampton marathon, wlth hls son and daughter rnlsiro £5,OCKI. Union FS contlnued thelr support wfth thelr •nnual food drlve, r4Fslni over £IIOO ind 2 van loads of food, to sto& up our depleted storeroom. After a dlsappolntln8 818 Sleep in 2023, thls tlme we had our most successful ever, rn1sln8 04er £2ICAXI; a blg thanks to Heidelber8 ind to Dupll. L￿ Harbour, Amazon and Sho• Zone for sponsorln8 the event. In February we ￿re awarded a &stJrt food hy8len• ratlnu for our food servlces. A blg well done to our Kltchen Coordlnator Jen and ill the volunteers that have supported In the kltchen. Flnandil rfflrf•w Our lan84erm flnandal str4te8y Is to diverslfy our Income, reducln8 our dependency on grnnts and 8rowln¥ our e4rned Incom•. To help us achleve this, we have run 2 contrn¢ts the Local Authorlty (l of whldb ended on 311¥241, I wlth Pubik Health and a partnershlp a8reement with the thurch Urban Fund. for our Mentorin8 Project. A major part of the role of the Partnershlp Development Co-ordln8tDr Is to explore dlfferent opuons to ralse fund5 •s well as worklng wtth our Corporate partners. Whlle It remalns a toulh •￿]ronment for ratsln8 charltsble Incom< we manayd to secur• • further 3 years fundlng from both Uoyds Bank Foundatlon (£25.000 a year) and Thdor Thtst1£90.OCrfJ o%*r 3 ￿ars> and saw our grant Income rFse a further £13,000 on the prevrous year to £199A93. £36.550 of whlth was for proJeGts startlng In the next flnandal year. Our Fundrnblns a150 saw a larle Increaw due to the success of the Bl8 Sleep and more people orzantsln8 events on our behalf. Our On-une Wln8 Increased and our over411 Income from irKllvlduals rernllned stable. due to the 8eneroslty of number of loyal supporta5. Our overdll Incorne increased by £119AJOD, wlth Increase5 being seen across most of our Ilnes. Indudin8 Irant Incom•. fundrnlsln& On-une GI￿n& and our contracts whlch saw a near £35,IXIO intro•M. To all who supported us in the past year we are really 8rateful. as wlthout your asslstance we could not hm offered the l•vel of seThlce VR dl4 helplng some of the rn05t vulnerable people in soclety Our expendlture increased by £60.350, wlth dose to £40,OfyJ of that relitlng to Increased salary costs. malnly due to tskln8 on addltlonal staff to meet our obllytlons under varlous contracts and 8r•nt& Thts Indudes the exparslon of the Llththouse ProJetL supported ￿ the Church Urban Fun￿ the Inueased staffing for the lats openln¥ durlng the Wlnter, fund•d by the Communlty Oryanlsatlons Cost of Uvln8 Fund and a full year of fundln8 for the Partnershlp D￿elopment Co.ordlnator, whlch Is an Inltlal 2-year pllot. Our gen•rnl support ¢osts. Increased by £13,350, to r•fi•ct the 8rowln8 number of people we irn supportln8. R•vl•w or Cwrwrt FIMKl•l Y•ar The flnanclal 5tatsments show i surplus of £83￿55 on acU¥ltles for the year ￿1¢h are spllt between RestriciEd and Unrestrlcted Funds. Thls Fs shown In ourststement of Flnanclil Actmttes on pJ8e 9. The charlty has total reserves of £399,019 as Shown on the Balance Sheet on pa8e 10. Wlth the surplus for the swr. our reserves show a healthy posltlon, and It remalrLS an ambltlon of the ThAtees, In order to secure the lo￿ten￿ future of the charlty. to purchase our own premlse$. To support thls alm. desptte 814r8e• antlclpated shortfall of £67.957 In our lyjdget for the new flnandal ￿ar we hm tsken the dedslon to transfer an additional •mount of £50.COLKI ts our desl8nat•d bulldln8 fund. to takn the fund balano to £200.(￿. Desplte contlnuln£ disCU551ons wlth a local oryanlsatr¢n wlth a vi8w to tsklnl some spJ¢e In thelr bulldirK on • long.term leas4 we have been unable to make any s￿nIfICant steps fonvard. The Trustees have a8aln shown thelr eommltrnent to the proJect by, desptte the forecasted deficK settln8 aslde £20,WO for archltett f•es If the board cèn seg a slinlflcant chans• of mlndset from the other part THE BRIDGE HOMELESSNESS TO HOPE TRUSTEES REPORT IINCLUDING DIRECTORS, REPORT) ICONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Last year we saw a massfve Increase af 3.531 (to 14.3811 of people accessjng our servlcesp Part of whlch wlll be due to the addFtlonal cpenlni on a Saturday. from September. but even strfppln8 Out the Saturday numbers, wlll stlll show a slgnlflcant Incrnse. Unfortunately, the start to the new year has seen those numbers contlnue to escalate upwards. whkh Is no surprlse 8lven the gloomy financlal outlook In Lelcester, coupied wMh the lack of local authorlty housln8 and the dearth of affa￿able housln& The Itar In Summary Year to 3W4124 £46&936 £383,J81 Yew to 301412J Ibtal Inwne Ibtsl ExpendI￿re Operallry Swplwl (d•tklt) £35JOi 50 81 Helped Into knmodatlon Reqknter•d WFth Medkal Servlcm IIKI Imwowd Fln¥ndal Sltuatlon 75 ReSer￿SPoIKY Lookln8 at our performance, both financial and npn-financial, durinB the year, we can be proud of t￿ wonderful efforts Put in by our dedicated team of staff and wlunteers. Th151s all sald wlth the undertyln8 thoughk our charity is there to support the homeless and Vulnerab￿ housed, so In a 'MOde￿ clvlllsed 50cTety,' ￿ should probably not need to exlst and certalnly should not be seein8 the record.fjumb￿ are worklng wmh. Whlle our Income rose sharply. wfth an upllft seen on most of our •ccountlng Ilnes. and we turned around a predlcted budget dèficit Into an Opernt[￿ surplus. the fl8ures on thelr own do not tell the full story. Induded In that surplus15 £19.8IXJ from the Natlonal Lottery Awards For All. for a 2yar project startln8 In June 2024. £16,750 In Brants for a Llved Experlence ProJecL whlch wlll be Spent over 2 years, from August 2024 and £IO.OThJ set aslde for a￿h1tecVS fee5 re the potenual new bulldln proJec¢ whlch were not spen¢ due to no pro8ress beln8 made wlth the other party. We also had a slgnlflcant underspend on silarles whlch came wlthln our 0rf8lnal bud8eL desplte taklng on new proJects for whlch addltlonal Income was recelwd. Thls Is becAu8e, Ilke a number of small tharltles we stru88led to flll varlous roles. We stlll thou8h rnana8ed to fulfll our objectlves under the projetts and offerfn8 more fadlltles to a 8rowln8 number of people. Many thanks, •Cal￿ to our hard- Work1￿ stsff team, who took on addltlonal dutles to ensure our 8uests dld not Su1￿ because of the staff shortases. Our budpt for the newflnanclal year Is predlctlng a defldt of £67￿7¥ part of whlch Is due to the monle5 rqcel¥ed In the year endln8 3014124, whlch fonned part of the surplu4 but wlll be spent In thls flnandal year. We have also put aslde £20,IXIO ttrward archltecvs fees, If the potentlal new bulldln8 project moves forward - thls money wlll then be m(r￿d from the desl8nated bulldlng fund. Additionally, to meet inueased demand for our servicei we have budzatsd to Increase our stsff numbers. Deslsnated Funds Whlle the boa￿ retslns Its amtrAtlon to secure the lon8-term future of the dMrlty by Purchas1￿ Its own bulldlng as the lease on the pre5&7t bulldln8 rum out In February 2016, It Is Ilkely that we wlll need to look to rene8Otlate thls. It was also a8reed by the board tha¢ whlle It Is prefernble ta purchase our flrst house. and ￿ntIalty other housu In the future vla Green PastuRg, we could look to use some of our d*nated bulldln8 fund as a deposTt on a house purchase, to home some of our core 8uests and an outllne a8reement Is In place for wntlal flnance If we choose to tske thls optlon. We have a8reed to trnnsfer an •ddltlonal £50,000 to our bulldlbw fund, ta brfn8 the total to £21X),000. THE BRIDGE HOMELESSNESS TO HOPE TRusfEES REPORT (INCWDING DIREcfoRS' REPORn (coKnNUED) FOR THE YEAR ENDED 30APRIL 2024 Res•m• Pomry The 8rld8e HDmelessne5S to Hope adopts a rlsk-ba5ed approach to b reserva5 and the pollry Is tsa￿ on a formrnrd assessment of Income arKI •xpendlture and the wlder e¢onomlc envlronment In whlch we opernte. We conslder how muth of our Income Is secured •nd the extent to whlch our costs are flxed or varlabl•. We receTve a mlx of fundln& some of whlch15 for spedfk purposes •nd as such b desl8nated as restricted funds and •r• not avallable for expendlture on other purposes. The remalnln8 fund% are unrestrlrted and can be used across all our ictMtle& We reserves are the unswnL unrestrfrt•d funds of the charlty, referred to as 8qneral funds in the fln•ndal statement. As the charfty owns no r￿ed assets, all thes• reserves are held In cash. The purwse of the reserves15'. to IrNest In expand1￿ and enhanc1￿ our 5er¥lc•s to members In Ilne wlth 8rowln8 demand to fund worklng capltal and tlme lags in the recelpt of promlsed funds to manage economlc or rewlatory ching•s whlch may have unftireseen finandèl con5oquences to help Mana￿ throush a posslble downturn In Incarne It 15 the polky of th• Charlty that unrestrlcted funds whlch have not bo•n deslcnated for a spedflc use should be malntalned at a level equl471ent to between three and sIx￿Onths, expenditure. The Trustees conslders that reserves at thls level will ensure that, in the event of • $18nmcant drop in fundln& Ilw wlll b• able to contlnue the Charltys current Ktlthle8 while conslderntion ts to ways In whlth addltional funds may b• r•lsod. Thls of resen• has been maIntsin￿ throu8hout theyeir. AS of 30th April 2024, the act￿1 level of reserves was £113,(109 and is wlthln that tsr8•L W• have aBreed i'deflclt budget for 2024-25 which15 a consdou5 declslon as our model shows It Is much needed. We ire of course. consclouslyworkln8 to reduce that deficik and are confiden¢ whlle acknowled8ln8 thls comlng year wlll, once 18aln be a challen8ln8 one. we have flnancial stablllty to contlnue our much needed and ever%rowln8 work in the community. In¥esknent PollLy Whlle m05t of the Charity5 funds are to be spent In the short term, ￿ wlll look tD sae If we can place some of the des*nated bulldln8 fund Into a medium / lon8er-terni Investment to try and rnaxlmlse the rnturn. Rlsk AMes%m•nt The Tritstees has assessed the major rfsks to whlth the Charftyls exposed and are 5atlsfled that systsms are In place to mlU8ate exposure to the m•lor rlsk& Struc￿￿ Dv•rn•ne• Ind manynent The Brfdy Homelessnes5 to Hope chartty Is a company Ilmlted by 8uarantse. incorporth on 21st Aprll 2009 and reO5tered as charity cn 30 Septembor 21MJ9. The company was established under a memornndum of assoclatlon whkh establlshed the objects and pOV￿r$ of th• charltsble compary and Is governed by Its artldes of assoclatlon. It Is reglstered wlth the Chartty Commtsslon. The charlty trustees are also dlrertors of the thirltsble company and are referred to as trustees throughout th18 reporL Trustees c(xrtrI￿• operatlonal tlme and expert15e to the staff t&4m, a5 well as holdlns thelr 8overnance roles. They may also be trustees of other tharftles. In selertlng trustees, the board pays due regard to the skllls. experlence and dlverslty of the board, the need for capaclty to develop charfty, the need for contlnulty, and the tharft*s constltuenw. We alm to follow best practlu In ternis of an Inclusfve recruitment process. There wa5 1 resl8natlon from the board of trustee5 durfni the flnancial ye?r 2023-14. wlth Danlel FlemmlnpDanquah ¥(epplnz down on 281V2 THE BRIDGE HOMELESSNESS TO HOPE TrusrEES REPORT IINCLUDING DIREcfoRS' REPORn {CONTINUED) FOR 7HE YEAR ENDED 30APRIL 2024 The Trwtee5, who are also the directors for the purpose of ffjmpany law, and who served durfng the year ind up to the d•te of s*n3ture of the flnanclal stitementS Wern: Professor Phlllp Baknr Mr Stephen O￿n Mr Huw Franc15 Dr Girfsh KunlBlrl Mr Slmon Grfbbon Mrs Rebecca Brown Mr Daniel FlemmlnpDanquah Mr5 S•llwAnn Flammln8s4>anquah Ms Ofure Oboml8hle Ms Natssha Dou8las {Reslwied 28 January 2024) (Appolnted 11 September 2024) IAppolrted 11 September 2024) None of the Trustees has any benefldal Interest In the compary. All of the Trustee$ are members of the company and 8uarantee to contrlbute £10 In the th*nt of a wlndlD8 UP. The Trustees report W15 apFKoved * the Board of Trustees. Mr Huw Francis Trustee 11 December 2024 THE BRIDGE HOMELESSNESS TO HOPE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEE5 OF THE BRIDGE HOMELESSNE55 TO HOPE I report to the Trt￿e8S on my •xamlnatlon of the fIna￿lI1 ststements of The Brld8e Homelessness To Hope (the Charlty) for the year ended 30 Aprll 2024. Reiponslblllts and bmls of rnport As the Trustees of the Charlty land also fts dlrectors for the purposes of tompry law) you are responsible for th• pr•paratlon of the flnanclql statements In accordance with the requlremert8 of the Companles Art 2006 (the 2006 Act). avin8 Satlsffed myself th* the flnandal staternents of th• Charlty are not requlred to be audlted under Part 16 of the 2006 Art and are ellglble for Independent examinatlon, I report In respert of my examlnation of the Charlty's flnanclal statement$ rdrried out under secllon 145 of the Charities Act 20111th• 2011 Act). In carrylni out rny examlnatron I have followed all the appllcable Olrectlons 8lven by the Charfty Commisslon under sectlon 14515llb) of the 2011 Att. Ind•p•nd•nt •umln•h •tatem•nt Slnce the Charws 8ross Income exeeded £250.IXIO your eAmlner rnu5t be • member of a body ltsted In sertlon 145 of the 2011 ACL l Mnflrm that l am qugllfled to undertak• the examlnatfon bffause l am a member of ICAEW, whlch Is one of the 115ted bodles. I hm completed nry ￿MInat￿n. I confirm that no matters have come to my attention In connectlon wtth the ￿MinatIOn Ilvlns me cause to belleve that In any materlal respectr. accountln8 rea)rd$ were rbot kept In r•spect of the Charfty as rnqulred bysectlon 386 of the 2006 A¢. or the flnanclal statements do not Jccord wTth those records; or the flnanclal Statements do not comply wlth the accountini requirements of sectlon 396 of the 2006 kt other thin any requlrement that the accounts 8lve a trne and falr view whlch Is not a matter consldered as part of an Indep•ndent examInatlo￿ or the flnandil statements have not been prepared In accordance wlth the methods and prfnciples of the Ststement of Recommended Practlce for accountln8 and reportlng by charltles appllcable to charltles preparlni thelr accounts In accordance wlth the Flnandal RoF)Ortlng Standard appllcable In the UK ind Republlc of Ireland (FRS 102}. I have no concerns and have come across M other matteTh In connectlon wlth the eumlnatk>n to which attention should be drawn In thls report In ord•rto enable a proper underAandlni of the flnanclal ststements to be reached. Thoma• P•ll•ld BA Maffield & Co 2 mer￿ Court Meridlan Business Park LE19 IRI Dated: 11 December 2024 ijii m p Illil I THE BRIDGE HOMELESSNESS TO HOPE BALANCE SHEET ASAT30APRIL 2024 2024 Curr•nt •M•ts Cash at bank and In hand 401A19 317/04 Cr•dllorn: amounti f•llln8 du• wfthln on• ywr (w) 113401 Net currqnt m•ts 399,019 315A64 Nrt aimts •Ic￿dI￿ pendon Ilablllty 399,019 315,464 Th• l￿dI olthe Charlty Restrlcted Income funds Unrestrlcted funds- 8ener¥l Unrestrld•d funds- desl8nated 86.010 113,009 200OC 104631 o.( 399JJ19 315A64 The company Is errtltled to the exemptlon frr•m the audlt requlrement corrtain•d In sectlon 477 of the Com￿nIeS Act 200& for the ￿ar ended 30April 2Q24. The dlrectabs •cknowledy their responsiblllt1•5 for complyln8 wlth the roqulrnments of the Comp•nles Act 2CTh wlth respe to McuJuntln8 records and the preparatlon of flnanclal Jtaternent% The members not requlred th• comp•ry to obtsln an audlt of its flnindal statements for the war In que5tlon In ccordance wlth sectlon 47& These flnanclal statements have been prepared In accordance wlth the provlslons appllcable to companles subject ts the small companles re81 The ftnanclal ments were approved ty the Trustees on 11 December 2024 Mr Stephen Comyny reglstration number 06883209 IEn8l•nd ind ￿1•$) 10- THE BRIDGE HOMELESSNESS TO HOPE NOTES TO THE FINANCIAL STATEMEhrrs FOR THE YEAR ENDED 30APRIL 2024 Armuntlw polld Ch•rlty Inforniltl The Brldge Homelessness To Hope Is a prlvate com￿ry Ilmlted by 8uarantse Incorpornted In E￿lInd ind WJl•& The re8lstered offlce Is 43 Melton Stre¢ Lelcester. LEI 3NB. 1.1 &lKounllw r•)Th¥ert￿n flnandal statements have been prepared In accordance wlth the Charlty'S18overnlng documentl, the Companles Act 2006, FR5 102 The Flnanclal Reportln8 Stsndard appllcable In the UK and Republlc of Irèlan￿ ("FR5 102.1 and the Charttles SORP "Accountlng and Reportln8 ty Chafftles: statement of Recommended Prdctlce appllcable to tharftles prepariwd their acccurrt5 in accordance wlth the Flnan¢lal Reportlni Standard appllcable In the UK and Republ1¢ of Ireland IFRS 1021. {effectfve l January 2019). The Charltyls a Publlc 8enefft Entrty as defined by FRS 102. The Charlty has tskqn ad¥qnt•p of th• pmision$ in the S¢JRP for charttles not to prepare a Statement of Cash Flows. The financlal 5tatement5 are prepared in sterl1￿ whlth Is the functlonal currency of the Charfty. Monetary amounts In these flnanc1415tatements are rounded to the nearest £1. The financlal *tements have been prepared under the hlstorlcal cost conventlon, [rnodlfled to Include the revaluatlon of freehold properties and to indude Investment propertles and ￿rtaIn flnan¢lal Iitstruments at falr value]. The prfnclpal account1￿ pollcles adopted are set out below. 12 GolThs conc•rn At the tlme of ipprovln8 the financial statements the Trustees hm a rea5onabie expectatlon that the Charlty has adequate resources to contlnue In operatlonal existence for the foreseeable future. Thus the Trustees contlnue to adopt the zolni concern basls of accountiwa in Preparin8 the financlal statements. IJ Ch•rhbl• fundB Unrestrlctsd funds are avallable for use at the dlscretlon of the Tru5tee5 in furthernnce of thelr tharttable object1￿5. Restrlcted funds are subject ta 5peclfic conditions by donors or zrnntors as to how they miy be used. The purposes and Uses of tho restrlcted funds are set out in the notes to the flnanclal ststements. Endowment funds are subject to spedflc condltlons ty donors th•t the cipltal must be malntalned by the Charft L4 In¢ome Income Is re¢o8nl$ed when the Charlty Is legally entltled to It after any perforrnanco conditions hm been me( the amounts can be measured rellabty, and It Is probable that Income wlll be recelved. Cash donatlons are recognlsed on recelpt Other donitlon$ are recognlsed once the Charlty h•s b•eii notitled of the donatlon, unless performanee condttlons requlre deferrnl of the amount. Income tsx rncovoThb]e In r•litlon to donatlons recel¥ed under GIftAld or deeds of covenant b recognlsed at the tlme of the donatlon. cles are reuynlsed on recelpt or otherwlse If the Charlty has been noffied of an Impendln8 dlgtrlbutlon, the amount Is know￿ and recelpt15 expected. If the amount Is not known. the leaacy Is treated as a contlnBent asset. 11 THE BRIDGE HOMELESSNESS TO HOPE NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 30APRIL 2024 (•)untlw polkl Icontlnuedl L5 Exp•ndltur• ExpendltJJre Is recosnlsed once there Is a le8al or constructlve obll8atlon to transfer economlc benefft to a thlrd ￿rty, St Is probable thjt a transfer of economic boneffts will be requlred In settiomen¥ and the amount of the obllwion be measured rellably. Expendltum Is thssmed by acthryty. The costs of each actlvlty are made up of the totsl of dlrect costs and shared costs, Includln8 SUPPOrt costs In¥ofved In undert4kln8 each actmty. Dlrert ￿$ts attrfbutable to a slnBle actfvrty are allocated dlrectly to thjt actlvlty. Shared costs whlth contrlbute to more than one activlty •nd support costs whlch are not attrlbutable to a $I￿le artwity gre apportloned betsveen those artfvities on a basls mnslstent wlth the use of resources. Central staff costs are allocated on the basls of tlme spenL and depreclatlon charges are allocated on the portlon of the 1558t's use. Expendlture Is recolnlsed ¢Jn an accruals bgsls a5 a lia￿1￿ b Incurred. Expendlture Includes VAT whlth annot be L6 Trylblefa•d xsets Tan8lble flxed assets are Inltlally measured at cort 3rKI subsequently measured at cost or ￿luatIOn. net of depreclatlon 8nd any Impalrment1055es. Depreclatlon Is re¢o8ni5ed so a5 to wrlte off the c05t or Vdluation of ass•ts less thelr resldual wlues over thelr useful Ilves on the followln8 bases: Leasehold Improvements FIKtures and ffttln85 Strdl8ht Ilne- (knr leise perlod Stral8ht Ilne- 3 year5 The 8aln or loss ir151n8 on the dlsp05•1 of an ￿Set Is determlned as the diff•r•nce between the sale proco•d5 and th• carryln8 Value of the assek and is rerAyilsed In the stateThnt of flnanclal actMtle& 1.7 Cuh •nd osh Qqulvalants Cash and cash equfvalents Include c45h In hand deposts held it call wrth bank4 other short-temi Ilquld In4*stments wlth orf8lnal maturftle5 of three months or less and bank overdraf& Bank 0￿rdraft$ *re shown wlthin borrowin8s In curreTht Ilabllkles. B￿1¢ flnanclal issets whkh Include debtors and cash and bank baknce& are Inltlally measurad at tramactlon prlce includln8 tsan5actlon costs and are subsequentiy urrled at amortlsed cost Usin8 the effective Intsrejt method unless the arrangement constltute5 a flnancinl transactlon. where the transactlon 1$ measured at the wesert value of the future recelpts dlscounted at a market Trte of Int•resL Flnandal assets d￿lfied as recelvable wlthln one year are not amortised. 12- THE BRIDGE HOMELESSNESSTO HOPE NcYfES TO THE FINANaAL STATEMEKrs (coKnNUED) FOR 7HE YEAR ENDED 30APRIL 2024 P&wnlln8 polkles IContlnu•d) Bas1¢ flnandal Ilabllltles. In¢ludln8 credIt￿5 and bank loans are Inftlally recognlsed at trnnsactlon prfce unless the arrdwemert ¢onstltirtes a flnancln8 transactlon. where the debt Instrument Is measured at the present value of the future payments discounted at a mark*t rate of InteresL Flnanclal Ilabllltles dasslfled as payable wlthln one yelr are not amortlsed. Debt Instruments are subsequently carrled at amortlsed cost. uslnlthe effertlve Interest rate method. Trade credltors are obll8atlons to pay for w>ods or 5ervlces that ha¥e been acqulred In the ordlmry course of operatlons from suppllers. Amounts PaYa￿e are classmed as current Ilabllttles If paymert Is due wlthln one ￿ar or less. If noL they are presented as nonvar. At i M•y 2022 I￿￿1 R•wurc Tranrf•rn At 10 Aprl 2023 General funds 103314 216,832 {211,515) 108,631 The restricted funds of the thirlty comprlse the unexpended balances of donatlons Ind 8rants held on trust $ubJ•rt to specifk condltlons by donors ￿ to how they rnay be used. At l M•y2023 IrKoml I*￿ur(m At 30Aprn zo Stoneygate Trvst Church Urban Fund Carlton Hayes Awards for all Uoyds Foundatlon Communfty Oryanis*ion- Cost of Ltving Tudor Trust 3,150 I9￿99 18,51XI 71,764 15.OCrt) 19XA) 25,000 24388 27.5(Kl (USC￿) {53,220) (15,OlXI) 47,643 190tXJ 6250 133J34) 124.388) (28333) io.c 9,167 S6￿33 20£952 (1717751 86,010 18- THE BRIDGE HOMELESSNESS TO HOPE NOTES TO THE FINANaAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 30APRIL 2024 Rejlrfcted funds (Contlnuedl Pmloui yur Al l May 2022 Incomlni r•wurc•s Ilewurcej At JOAprl 202> pend•d Stonffjwe Trust Church Urban Fund Clrkon H•yes Awards ForAII Llows Foundation Tudcr Trust 16.100) 114,625) {15,C4)0) 116651 (33,3331 (30,CthI 3.150 29,099 43,724 15,C 1665 14,584 10,0 33,333 30,IKXI 131,307 1100,723) 56,833 IJ Unr•rtrfGt•d funds- d*n•t•d These ère unrestrirted funds %thlch are materfal to the Charlty'5 actlvltles. At l May 102J nrf•rn •2 30 Aprl 2024 Property fund 150,( 50,0(X) 200,0 p￿QuI ymr. At l May 2022 nrfers At JO Aprfl 202J Property fund o.c 150,¢YJO 16 AMWS of Mt b8tw•en fvndi funds fundi nwal d*n•tsd 2024 lunds At 30Aprfl 202 Current assetsllllabllltles) 113.(KJ9 2(X),000 86,010 J9A119 113.Ci39 86010 399,019 19- THE BRIDGE HOMELESSNESS TO HOPE NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 30APRIL 2024 Andyjh of net asseli bet¥nan fundi (Cortknued) Unr•*lthd Unrestrlcted PaArfct•d fundj funds lundi yneral I￿a￿d At 30Aprfl 20U. Currert assetsl(Ilabilltl•s) 108.631 o,0( 315A64 150,000 56,833 315,464 17 Relat•d yrtytrnrn•ctloni There were no dlsdosable relthd p•rtV transactlons durln8 the (2023- none).