BRIDGES FOR COMMUNITIES FINANCIAL STATEMENTS 31 DECEMBER 2024 Company Number 07245606 Charity Number 1137092
BRIDGES FOR COMMUNITIES FINANCIAL STATEMENTS PERIOD ENDED 31 DECEMBER 2024 Contents Pages Trustees, Annual Report Reference and Administrative Infomation Independent Examinerfs Report Statement of Financial Activities Balance sheet 10 Notes to the financial statements
BRIDGES FOR COMMUNITIES TRUSTEES, ANNUAL REPORT PERIOD ENDED 31 DECEMBER 2024 The Trustees have pleasure in presenting their report and financial statements of the Charity for the year ended 31 December 2024, which complies with statutory requirements, the governing documents and the Statement of Recommended Practice, Accounting and Reporting by Charities (FRS102). Charitable Purposes & Activities The charitable purposes of Bridges for Communities are.. (a) the promotion of equality and diversity, including but not by way of limitation through advancing education and raising awareness in equality and diversity, the promotion of activities to foster understanding between people from diverse backgrounds and cultivating a sentiment in favour of equality and diversity in such parts of the United Kingdom, the Middle East and the world as the Trustees from time to time may think fit,. {b) the promotion of racial and religious harmony, including but not by way of limitation through the promotion of knowledge and mutual understanding beeen different racial groups and beliefs and practices of different religious faiths and the advancement of education and raising awareness of the different racial groups and faiths in orderto promote good relations between persons of different racial groups and different faiths in such parts of the United Kingdom, the Middle East and the world as the Trustees from time to time may think fit. During the period from January to December 2024, Bridges for Communities has organised the following activities in line with the charitable purposes.. a) The promotion of equality and diversity Befriending support provided through local volunteers to 71 of Bristol's most vulnerable asylum seekers and for 54 refugee families who have been resettled by Bristol City Council and the Home Office. RefuLingua language courses in Arabic. Pashto, Dari, Somali and Farsi for 91 people, taught by 15 tutors from refugee and migrant backgrounds. Stitching Together courses for 141 women from refugee backgrounds, providing the opportunity to learn or develop their sewing skills alongside local volunteers. 24 group walks organised for 1300 asylum seekers and local volunteers as part of the Walk With Me project. 8 Bristol Welcome Events organised for 258 people, bringing together newly arrived refugee families and local volunteers, helping new arrivals to grow in their sense of belonging in the city, and responding to the violent disorder in the summer by providing restorative activities for those directly impacted. b) The promotion of racial and religious harmony 10 Peace Feast events, enabling 531 people from diverse communities to share a meal together. These events included guest speakers on a range of topics and were organised in partnership with local community groups.
BRIDGES FOR COMMUNITIES TRUSTEES, ANNUAL REPORT PERIOD ENDED 31 DECEMBER 2024 School Linking connections for 14 schools, with 28 teachers trained and over 660 children from different backgrounds taking part. 9 Listening Spaces events that enabled 400 people to hear and share one anotherfs perspectives and experiences. This included spaces where people discussed the violent disorder that took place in Bristol and around the UK during the summer, as well as a large interfaith event at Bristol Cathedral during Ramadan. CuEtural Awareness training for 100 new volunteers who provide one-to-one support for refugees and asylum seekers through Bridges for Communities, for 48 people who attended our Welcome to the UK courses, and for 25 who attended our 'Lunch & Learn, sessions. Achievements and Performance The trustees are satisfied that the activities outlined above represent good progress towards achieving the objectives of the charity, and also towards the strategic goals outlined in last year's trustees report and in the Strategy for 202&2025. The scope and focus of the work have been similar to the previous year, with Ihe notable addition of activities in direct response to the violent disorder that took place across the UK in the summer. These included Listening Spaces where people had the opportunity to discuss what had taken place and listen to a range of opinions, as well as restorative craft activities that were organised for families directly impacted by the attack on a hotel housing asylum seekers. In the area of promoting equality and diversity, efforts have again focused on welcoming people seeking sanctuary in Bristol from war and persecution, and on connecting them into local communities. This work has fostered compassion and empathy towards new arrivals at a time of political division over immigration, seeking to make Bristol a more welcoming and inclusive city so that equality is experienced by all and diversity is celebrated. The willingness and enthusiasm of significant numbers of Bristolians to volunteer their time (over 4,000 volunteer hours) and energy, and the feedback received from those being supported are indicators that this work has had some success. 900/0 of Walk With Me participants, for example, report that they feel more connected to their local community. In the area of promoting racial and religious harmony, efforts have focused on connecting people from different backgrounds, inspiring them towards positive action and equipping them to live well together. The regular events and activities of Peace Feasts, Bristol School Linking and Listening Spaces are the main ways in which this happens. 800/0 of attendees at Peace Feasts, for example, say they intend to do more to make their communities more welcoming. Bridges for Communities has faced a more challenging year financially, with grant income lower than in previous years. This has led the management to consider making some staff changes for the start of next year. The trustees are aware of these changes and working closely with the management team to ensure a smooth and supportive process for all involved. Despite this challenge, Bridges for Communities finishes the year in a satisfactory position financially and able to continue its charitable activities thanks to the strength of the charity's reserves and the ongoing support of its donors.
BRIDGES FOR COMMUNITIES TRUSTEES, ANNUAL REPORT PERIOD ENDED 31 DECEMBER 2024 In all of the above, the trustees have had regard to the guidance from the Charities Commission regarding public benefit as it relates to the activities of the charity. Plans for future periods Bridges for Communities seeks to build on the achievements of the last year and continue to grow and improve as a charity. Our strategic priorities for the 3-year period 2023-2025 are= 1. To improve the depth of our existing project work in Bristol 2. To increase the reach of our work through impactful storytelling, listening spaS and helpful resources 3. To invest in improving the diversity and equty of the organisation and strengthening management 4. To improve the long-term sustainability of Bridges Our aims for the year ahead include.. Expand our School Linking work into secondary schools for the first time 2. Strengthen our partnerships in 5 key priority areas of Bristol, investing in social cohesion where it is most needed Provide training to new audiences, equipping people in organisations and businesses across the South West Enable more people with lived experience of the issues we work with to get involved as volunteers, staff and trustees of Bridges 5. Create inspiring digital resources that equip people to build bridges in communities and areas where they live and work Facilitate conversations around politics, faith, community, migration and other topics, so that people with different views are able to listen to one another Financial review The charity is grateful for donations and grants of £180,296 forthe 12 months to 31 December 2024 (7 months to 31 December 2023: £148,491), and total fees generated by council contracts, training and events of £60,999 for the 12 months to 31 December 2024 (7 months to December 2023.. £51,190). The £19k budgeted deficit for 2024 widened to an actual deficit of £49k (December 2023.. Surplus of £25,028). This shortfall was primarily due to a notable reduction in grant and contract income compared to expectations. Although inflationary pressures led to increased employment and project delivery costs, the charity took steps to limit overall expenditure where possible, in order to mitigate the financial impact. Encouragingly, since the year end, we have seen an upward trend in both grant and contract income, which offers reassurance around the short to medium term sustainability of our current operational delivery. Investment powers and policy The constitution of Bridges for Communities authorises the Trustees to make and hold investments using the funds of the Charity. Cash balances are currently held with Barclays Bank and CAF Shawbrook Bank.
BRIDGES FOR COMMUNITIES TRUSTEES, ANNUAL REPORT PERIOD ENDED 31 DECEMBER 2024 Reserves Policy At the period end, the charity held unrestricted reserves of £81,367 (Decernber 2023.. £120,477) and restricted reserves of £27,823 (December 2023.. £37,610). Unrestricted, non-designated reserves ("free reserves") were £29,348 (December 2023: £38,671) and account for just below 6 months of reserves based on 2024 expenditure (December 2023: 8 months), which the trustees consider adequate at this stage of the charity's life. The Trustees, reserves policy states that the charity should hold a minimum of 6 months of free reserves (unrestricted, designated funds) based on the operating costs in the current budget. The 6 months, reserves will include 3 months set aside for unplanned closure and 3 months, reseNes as a response fund, enabling us to respond at short notice to pressing needs among migrant and refugee communities where situations can develop rapidly. Whilst reseNes are just below that threshold as at year end, the Trustees are confident that the reserves will return to targeted levels going forward. Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Organisation Bridges for Communities is a company limited by guarantee, number 07245606, as well as a registered charity, in which the company directors also form the Board of Trustees. The day to day running ofthe charity is delegated to the Managing Director. The liability of each Trustee in the event of a winding up is limited to £1. Risk management The systems of internal control are designed to provide reasonable, but not absolute, assurance against material misstatement or loss. They include.. (a) an annual budget approved by the Trustees., (b) regular consideration by the Trustees of financial reports- (c) delegation of authority and segregation of duties- (d) identification and management of risks. The Trustees aim to review on a regular basis the main risks that the charity fas. They do this by updating the risk register, and by considering a range of potential risks including reputational damage, loss of key staff, loss of key funders and breach of the GDPR. They believe that maintaining appropriate reviews of the controls over key financial systems provides sufficient resources in the event of unexpected adverse conditions. The Trustees are pleased to confirm that the internal financial controls conform to guidelines issued by the Charity Commission. Trustee recruitment and training New trustees can be appointed when appropriate. Suitable candidates are recruited through our network of contacts and partnerships, and through the role being advertised on our website.
BRIDGES FOR COMMUNITIES TRUSTEES, ANNUAL REPORT PERIOD ENDED 31 DECEMBER 2024 Candidates are considered on the basis of their skills, experience and sympathy with the aims of the charity, and will go through an interview process. New trustees will have the opportunity of reviewing appropriate documents including the accounts as part of their induction process. The induction process will also involve the candidate receiving an induction pack and having the opportunity to observe a board meeting before their formal appointment to the board. Plans for future periods Bridges for Communities seeks to build on the achievements of the last period and continue to grow and improve as a charity. Our strategic priorities for the 3-year period 2023-2025 are.. 1. To improve the depth of our existing project work in Bristol. 2. To increase the reach of our work through impacfful storytelling, listening spaces and helpful resources. 3. To invest in improving the diversity and equity of the organisation and strengthening management. 4. To improve the long-term sustainability of Bridges. Our aims for the year ahead include.. 1. Develop and grow our current training offer, reaching a wider audience and generating additional income for the charity. 2. Explore ways in which we can reach new audiences, especially in areas that are less diverse or have higher levels of intolerance. 3. Identify ways in which we can be more inclusive and equitable as an organization. 4. Implement the improved system for monitoring and evaluating outcomes of our work that we developed last year.
BRIDGES FOR COMMUNITIES TRUSTEES, ANNUAL REPORT PERIOD ENDED 31 DECEMBER 2024 Statement of trustees, responsibilities The Trustees (who are also directors of Bridges for Communities for the purposes of company law) are responsible for preparing the Trustees, Report (incorporating the directors, report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102= The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the income and expenditure of the charitable company for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP; make judgments and accounting estimates that are reasonable and prudent., state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements., and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 42 Carrington Road Bristol BS3 2AG Signed by order of the Trustees on Rev O R Lynch Chair of the Trustees
BRIDGES FOR COMMUNITIES REFERENCE & ADMINISTRATIVE INFORMATION PERIOD ENDED 31 DECEMBER 2024 Status The Charity is governed by its Articles of Association. It was incorporated as a company limited by guarantee, number 7245606, on 6 May, 2010 and was registered with the Charty Commission in England & Wales, number 1137092 on 27 July 2010. Trustees The Trustees who are directors for the purpose of company law and who served during the year are.. Rev O R Lynch {Chair) MrJJKay Mr D J Gregory Mrs L Briggs Mrs R Bennett Mrs A Mustafa Registered Office 42 Carrington Road Bristol BS3 2AG Independent Examiner Joshua Kingston BSC. ACA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR Bankers Barclays Bank plc Leicester LE87 2BB Shawbrook Bank Brentwood CM13 3BE
BRIDGES FOR COMMUNITIES INDEPENDENT EXAMINER'S REPORT PERIOD ENDED 31 DECEMBER 2024 I report to the charity trustees on my examination of the accounts of the Company for the period ended 31 December 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charÈty's accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. Independent examiner's statement I confirm that l am qualified to undertake the examination because l am a rnember of the Institute of Chartered Accountants in England and Wales, which is one of the lisled bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act" or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination., or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Joshua gston BSC. A Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1 UR Date.. 04 zr
BRIDGES FOR COMMUNITIES STATEMENT OF FINANCIAL ACTIVITIES IINCLUDING INCOME AND EXPENDITURE ACCOUNTI YEAR ENDED 31 DECEMBER 2024 Total Funds At Year Ended 31 December 2024 Totsl Funds At Period Ended 31 Dècèmbèr 2023 unstrIct¥d Funds Re$tri¢ted Funds Note Income from.. Donations and legacies Charitable activities Investment income 66,534 60,999 390 113.762 180.296 60,999 390 148,491 51,190 403 Total Income 127,923 113,762 241,685 200.084 Expenditure on: Raising funds Chaiitable activities 7.070 151,781 158,851 7,345 124,386 131.731 14,415 276.167 8,875 166,181 175,056 Total expènditure 290.582 Net incornellexpendlturel 130.9281 117.9691 148,8971 25,028 Transfers be•an funds 13 18,1831 8,183 Nèt movèment in funds 139,1111 19,7861 148.8971 25,028 Total fundB at 1 Jan 2024 13 120.477 3T,610 158,087 133,059 Total funds at 31 December 2024 13 81,366 27,824 109,190 158,087 The Charity has no recognised gains or losses other than the results for the period as sel out 8bove. All of the activities of the ¢haritabltr Gorllpany are dassed as ntinUIng. See note 9 ft>r comparative Ststement of Financial A¢tivrfLies. Thè not•5 On pagès 11 to 19 fomi part of these flnancial ststements
BRIDGES FOR COMMUNITIES BALANCE SHEET Comparry Registration Number 07245606 AS AT 31 DECEMBER 2024 31 Oecember 2024 31 December 2023 Note Fix•d assèts Tangible assets 10 3,994 7,264 Current assets Debtors Cash at bank 11 17,132 125,937 143,069 34,854 138,926 173.780 Creditors- amounts falling due within ontt y•ar 12 137.8731 22,9571 Nel current assets 105,196 150,823 Net assets 109,190 158,087 In¢om• funds Unrestricted funds General funds Designated funds Restricted funds 14 14 14 33,342 48,025 27.823 45,935 74,543 37,610 Total funds 109.190 158.087 For the year ended 31 December 2024 the ctsmpany was enlilled lo exemption from audit under section 477 of the Companies Act 2006 relating lo sm811 companies. The members have not required the company lo obtain an audit of its accounts for the ygar in question in accord8n with section 476 of the Companies Act 2006. The members have not required the company lo obtain an audit ol ils accounts ft)r the period in question in accordance with section 144121 of the Charities Act 2011. The directors acknowledge their responsibilities for comptying wlh the requirements of the Act with respect to accounting record5 and th& preparation of accounts. These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act applicable to small eL)mp8nE5 subject lo the Small companies 9[me and in accordance with FRS102 SORP. These financial slalemenls were approved by the trustees on and are signed on their behalf by.. Rev O R Lynch Ichair of Trustees) The notes on pages 11 to 19 form part of th*$¥ fin4n¢ial ststoments 10
BRIDGES FOR COMMUNITIES NOTES TO THE FINANCIAL STATEPJJENTS YEAR ENDED 31 DECEMBER 2024 Aeeountlng policies al The financial statements have been prepared in accoidance vAth the hiStOral cost convention in a¢cordance with the Ststemenl of ReGomtnenderl Practice.. Accounting and Reporting by Charities pparing their accounts in accordance wrth the Financial Reportsng Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in October 2019 and the Financial Reporting Stsndaid appli¢able in the United Kingdom and Republic of Iiel8nd IFRS 1021 and the Companies A¢t 2006 and UK Generally Accepted Practice as it applies from 1 January 2019. The charity meets the definition of a public benefrt enlty under FRS102. The accounts have been prepared on the going concem basis as discussed in the Twslee's Annual Report. The Twslees know of no material reason why this should not be appropriate. bl Income is recognised when the charity has entitlement to the funds, any perfortnance conditions attached to the itemlsl of income have been met, il is probable that Ihe income will be received and the amount can be measured reliably. Income from donations is included in income when f( is receivable, except as follows". l. When donors specify that donations given to the Gharity rnusl be used in future accounting perioLIs. the income is deferred until those peri(Kls'. 11. When donors impose conditions which have lo be fLJlfilled befo the Charity becomes entitled to use such income, the income is deferred until the pre-conditions have been met. cl Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to that activity ex¢lu$ive of woverable VAT. Irrecoverable VAT is charged as 8 cost against the a¢tivrty ft)r which the expendiluie was incurred. Govemance costs comprise the costs Invo1ng the public accountability of the charity and its compliance with regulation and good pract. These costs a in¢luderl within support costs. d) The charity conlribules lo defined contribution pension schetnes. Gontribulions payable to the charity's nSIon s¢hemes are ¢harged to the Slalemenl of Financial Activities in the period to which they ielale. el Depreciation is calculated so as to write off the cost ol an asset, less ils estimated sIdUal value. over the useful life of that asset as follows.. Office equipment - 25,10 - 33ts1ts p.a. on cost Q Trade and other debtots cOgnIsed at the settjernent amount due after any trade discount offeTed. Prepayments arè valu8d at thè amount prepaid net of any trade discounts. gl Cash at bank and cash in hand in¢ludes cash and short tem7 highly liquid investments with a short matUTty of three months or less from th dale of acquisrtion or opening of the deposrf( or similar account. h) Creditors and provisions are recognised where the ¢harity has a present obligation SUlting from a past event that will probably result in the transfer of funds to a Ihiid party and the amounl due to settle the obligation can be m&asured or trslimaled reliably. Creditors and provisions are normally recognised at their settlernenl amount after allowing lor any trade discount5 due. il Unrestricted funds can be used in accordan with the ¢harttable objects at the discretlon of the trustees. j) RestrTCted funds can only be useil for particular restricted purptsses wrthin the objects of the Charity. Restrictions arise when speafied by the donor or when funds are raised for particular ieslricled purposes. kl Designated funds a funds sel aside by the Trustees oul of unrestricted funds for specific purposes or projects.
BRIDGES FOR COMMUNITIES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 2 Donation$ and legacies Unrèstrlcted Funds Restricted Funds Totsl Funds 31 Decembor 2024 Donations Grants receivable 51,534 15.000 56,373 57,389 107,907 72,389 66.534 113.762 180.296 Prior ar comparatives Vnr8Strictsd Fund¥ Restri¢t•d Fund¥ Totsl Funds 31 December 2023 Donations Grdnts 1vable 35.629 30,400 30,644 51,818 66.273 82,218 66.029 82,462 148.491 3 Income from Charltable Activiti•s Unr¥$trlcted Funds Restri¢tod Funds Total Funds 31 December 2024 Currgnt pèriod Funding for Resetdemenl pioje¢t Tickets for Peace Feasts Language & Cultural Awareness Training Fundraising events 42,613 4.025 12.857 1,504 42.613 4,025 12.857 1.504 60.999 60,999 Unr•strfct8d Funds Rèstrscted Funds Total Funds 31 D¢¢èmber 2023 Prlor year Funding for Resettlement project Tickets for Peace Feasls Language & Cultural Awareness Training Fundraising events 43,500 1,618 1,200 1,986 43.500 1.618 4,086 1,986 2,886 48,304 2,886 During the period, the charity received a total of £42,61317 months to Dec 2023.. £43,500) from govemment, in the fom of grants and Contra income. 12
BRIDGES FOR COMMUNITIES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 4 Expenditure on Raising Funds Unrestrlcted Funds Restricted Funds 12 Months To 31 Decembèr 2024 Current Pèriod Training and events Bank and online payment ¢harges Wages and salaries Pension costs 815 254 5,581 420 21 22 7.302 836 276 12,883 420 7.070 7,345 14,415 Prlor year Unrestricted Funds Restricted Funds 7 Month8 To 31 December 2023 Bank and online payment chaTges Wages and salaries Pension Gosts 983 3,948 279 14 3,651 997 7.599 279 5,210 3.665 8,875 S Expenditur on ClrItable ActSvities 12 Months To 31 December 2024 7 Months To 31 December 2023 Direc Staff training Travel Syb51Sten¢e Hospitality Volunteer expenses Materials Training and events 2,828 12.905 311 2,571 4,408 5,889 10,921 785 11,538 1.522 2,872 5,275 6,001 k I I Telephone Professional fees Venue Gosls Wages and salaries National insU18n¢e Pension costs Charity ContributKn 1,535 3,375 3.711 160.355 4,781 7,144 665 2,352 2.723 95,605 2,534 3,536 100 220,734 135.557 13
BRIDGES FOR COMMUNITIES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 5 Expendlture on Charitable A¢tivltles Icontlnuedl 12 Months To 31 December 2024 7 Months To 310ecembèr 2023 Bank and online payment charges Office expenses Websrte & IT Printing. postage & stationary Insurance Governance costs Consullan¢y fees Office rent Telephone Wages and salaries National insurance Pension oost Depreciation 45 2.322 1,708 494 1,599 1,810 4,705 4,949 19 31.900 737 1,874 3,271 14 2,409 952 346 960 1.695 3,122 2,845 15,540 211 1.035 1.495 55.433 30,624 Totsl expendfture on ch8rit8ble 8¢tiwlies 276,167 166,181 Net income for the year is stated after ¢harglng- 12 Months To 31 D¥c•mbèr 2024 7 Months To 31 December 2023 Depreciation Independent examinerfs fee 3.271 1,129 681 1,495 1,014 681 Independent examination Accounts prepa¥alion 7 Staff costs and numbers The aggregate p8yroll Costs were- 12 Months To 31 Decomb•f 2024 7 Months To 310ecember 2023 Wages and salaries Social security costs Employe¢s pension costs 204.426 5.938 9,018 118.244 3.024 5,072 219,382 126,340 14
BRIDGES FOR COMMUNITIES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 7 Staff costs and numbers Icontinu&dl No employee received emolurnents of rnore than £60.000. No trustees have been remunerated or reimbursed for their Out of pocket travel expenses (Dec 2023.. Nill The key managèmènt personnel comprise the Trustees and the Managing Director. The aggregate remuneration received by key managem8nl personnel during the year was £33,40817 months to Dec 2023.. £16,002) The average weekly number of employees based on average headcounl during the period was as follows= 12 Months To 31 DeCeMr 2024 No. 7 Months To 310ecember 2023 No. Adminislralion 24 24 This represents 14 part lime members of staff working the equivalent riumber of hours of 6.5 full-lime stsff12023'. 6.71, and 10 language lulors who are casLJal workers. 8 Taxation The Charity is exempt from corporation tsx on it5 charitsble activities. Comparatlve Statement of Flnanclal Actlvltl&s Unrestrl¢t•d Funds Restricted Funds Totsl Funds 31 De¢•mber 2023 In¢ome from- Donation5 and legacies Gh8ritable activities Investment nCome Totsl ineomtt 66,029 48,304 403 114,738 82,462 2,886 148,491 51,190 403 200,084 85.348 Expenditure on.. Raising funds Chantable activities 5,210 95,312 3,665 70.869 8,875 166,181 Totsi expenditure 100,522 74.534 175,056 Net incomellexpenditure) 14.214 10,814 25,028 Transfers between funds 15,0001 5,000 Net movement in funds 9,214 15,814 25,028 Total funds at 31 May 2023 111,263 21.796 133.059 Total fund5 at 31 December 2023 120,477 37,610 158,087 15
BRIDGES FOR COMMUNITIES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 10 Tangibl• fTrxed assets Offlce Equipm•nt Totsl Cost Al 1 Jan 2024 Addition5 13,677 13,677 At 31 December 2024 13.677 13,677 DepCiatIon At 1 Jan 2024 Charge for pericKJ 6.413 3.270 6,413 3,270 At 31 Dernber 2024 9,683 9,683 Net book value Al 31 Decèmbér 2024 3.994 3,994 At 31 December 2023 7.264 7,264 11 Debtors 12 Months To 31 December 2024 7 Months to 31 Dec 2023 Other debtors Prepayments and accrued income Gift Aid 14,460 371 2,301 29,160 2,152 3,542 17,132 34,854 12 Creditors.. amounts fallin9 due wlihln one year 12 Months To 31 December 2024 7 Months tr• 31 tle 2023 Trade creditors Other taxation and social security Other creditors Accruals and def¥rred income 3,149 3.925 1,405 29,394 1,289 8,251 1,500 11.917 37,873 22.957 16
BRIDGES FOR COMMUNITIES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 12 Credltors: amounts falling due within onè year Icontinuedl 12 Months To 31 December 2024 7 Month$ To 31 December 2023 Deferred income (included in Accruals and deferred income) Deferred income at start of year Arnounts released from previous years Resources deferred during the year 10,222 110,2221 27.583 26,041 126.0411 10.222 27,583 10.222 13 Movernent in funds 1Jan 2024 31 Decemr 2024 ncome Expendlture Tr•nsfers Year ended 31 De¢ember 2024 Unrestrlcted funds General funds Deslgnat•d fund$ Peace Feast Refugee Social Resettlement fund ReluLingua Trainfjng Rèsources 45,935 101.717 164.7061 149,6041 33,342 1,398 4,025 5.000 10.422 61.257 4,734 7,154 155,1401 123,1511 115,8531 27,400 9,020 33.517 12.6041 6,690 6,793 15,390 74,543 26,208 194.1441 41,420 46,025 Total unrostrlcted funds 120,477 127,925 1158.8501 {8,183} 81,367 Restficted funds Refugee Social Peace Feast Befriend Project RefuLingua Strategic Plan School Linking Sharing Festivals Slilching Together Walk With Me Listening Spaces 5,000 15,773 26,661 7,560 5,000 335 4.796 2,604 4,580 8,254 115,4391 123,9781 17.5601 12.4421 112,6861 12,7861 129.5411 128,6571 18,S421 2,112 2,604 7,002 9.940 1,264 3,673 4.524 6,490 11,000 2.000 22,225 19.593 3,950 1477) 3,643 4,540 477 2,275 37,610 113,762 1131.7311 8,183 27.823 Total funds 158,087 241,685 1290,5821 109,190 17
BRIDGES FOR COMMUNITIES NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 13 Pllovement In funds Icontinuedl P•riod •nd•d 31 Dècembèr 2023 1 June 2023 31 De¢ember 2023 Income Expandltur• Transfers Unr85tricted funds General funds Designated funds Pea Feast Refugee Social Resettlement fund RefuLingua Training Resource 36,349 54,184 139.5961 15,0001 45,935 5,049 2,008 63,123 4,734 5,393 1,000 43,860 19,0441 13,0081 145,7261 1,398 61,257 4,734 7,154 10,300 {3,1461 160,9231 74.914 60.552 74,543 Total unrestricted fvnds 111,263 114,737 1100,5221 15,0001 120,477 Restrlcted funds Befnend Project RefuLingua Strategic Plan School Linking Sharing Festivals Stitching Together Walk With Me Listening Spaces 5.183 12.556 18,671 10,000 5,083 115,6271 116,0661 13,6231 16,6171 12771 113.5731 113,9911 14.7601 2,112 2,604 7.002 9,940 1,264 3,673 4,524 6,490 625 11,474 1.541 3,464 14911 13,782 19,006 6,250 5,000 21.796 85,348 174,5341 5.000 37,610 Total funds 133,059 200.084 1175.0561 158,087 Designated funds The Iruslees have designated fvnds for individual projects to ensure that they can continuè. Further infomiation on these funds can be found within reslricte(J funds descriptions below. The Resettlement fund provides support for families who have been resettled in Bristol by the City Council. We receive contracted income from Bristol City Council to deliver ResettSement Support for families seeking sanctuary in Bristol. This income is then transferred from Unrestricled Funds to the Resettlement Fund, allowing lor more accurate monitoring or proje¢l finance5. The Training Resource fund aims to equip individuals, community groups and businesses around the UK, to connect and welcome people from different cultures and backgrounds. This is achieved through delivering cultural training and creating digital resources. Restricted funds The Befriend project provides One-1(ne support for asylum seekers and refvg¢es. The Refugee Social project organise5 Sla1 actiwties where refugees and asylum seekers can enjoy thtrmselves and spend lime getting to know people. The RefuLingua project enables people from refugee and migrant backgrounds to gain work experience and employment through teaching their native language. The lund ended the year with a negative balance,. the charf(y chose to transfer unrestrict8d fvnds lo wnlinue the delivery of this project. The Pèacè Feasts proje¢t organises gvents wherè paoplè from differènt ba¢kgrounds can share a meal together, in ordèr to promotè fn"andship and social cohesion. The Strategic PL8n and Technology Development fund indudes a grant received to help with the costs of the charity's S-year strategic plan. We re¢eived a generou5 £10,000 capital giant Irom the Clolhwotkers Foundation, allowing us to purchase now audio. visual and IT equiprnenl for efficient, safe and connected W01ng. 18
BRIDGES FOR COMMUNITIES NOTES TO THE FSNANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 13 Movèm•nt In funds Icontlnuedl The Sch¢)ol Linking projed Conne classrooms in different parts of Bristol for conversations around identity, Community, equality and diveisity. The Sharing Festivals Project aims to build understanding of different cUltUS and lailhs by sharing religious festivals. The Grand Iftar on College Green was funded by Bnslol City Council and the West of England Combined Authority's Love our High Streets Proje¢l. wlh additional support from Feeding Bristol and ¢ommunity partners. The Stitching Together projed provides welcomino spaces for iefugee and asylum seeking women lo be creative, while gaining confidence and making friends. The fvnd ended the year wth a negative baL4nce', the charity chose lo transfer unrestricted funds lo Continue the delivery of this project. The Walk With Me projeci prowdes one-to-one anrt group walks to connect refugees and asylum seekers into local communitses and improve wellbeing. The fund ended the year with 8 negative balan,. the charity chose to transfei uniestricted funds to continue tho Oelivtrry of this project. The Listening Spaces Project facilities intentional listening and dialogue beeeTh people of differenl Cultures, races, faiths, social class and political opinion, in order to build understanding and be better equippe(I lo live well together. 14 Analysis of net assets Unrestrlct•d Designated Gèneral R•stri¢ted Year •ntt*d 31 December 2024 Totsl 2024 Tangible fixed assets Nel current asset5 3,994 29,348 3,994 105,196 48,025 27,823 33,342 48,025 27,823 109,190 Unrestricted Dosignatèd Funds General Funds Restricted Funds Period ended 31 December 2023 Totsl 2023 Tangible fixed assets Net current assets 7,264 38,671 7,264 150.823 74.543 37,610 45,935 74,543 37.610 158,087 15 Company limited by guarantee The charity is a company limited by guarantee having no share capitsl. Every member is liable to contribute £1 towards the costs of dissolution and the liabilities incurred by the charity in the event of the charity being wound up. 16 Relatèd paty transa¢tion$ The total amount of donations received without conditions from trustees and related parties during the period was £3,84017 mOnS to Dec 2023.. £2,240). No payments W810 made to tnJst8ès for rèimbursement of èxpènses in fyither th8 current period, or prioryear. 19