**REGISTERED CHARITY NUMBER: 1162144**
**REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021**
**FOR**
**THE BRIDGE GROUP**
UHY Calvert Smith Chartered Accountants Heritage House Murton Way Osbaldwick York North Yorkshire YO19 5UW
**THE BRIDGE GROUP**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 6|
|**Independent Examiner's Report**|7|
|**Statement of Financial Activities**|8|
|**Balance Sheet**|9|
|**Notes to the Financial Statements**|10 to 17|
|**Detailed Statement of Financial Activities**|18 to 19|
**THE BRIDGE GROUP**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2021**
The trustees present their report with the financial statements of the charity for the year ended 31 July 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
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**THE BRIDGE GROUP**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2021**
## **OBJECTIVES AND ACTIVITIES Objectives and Activities**
- Carrying out, collating and translating research, and disseminating the useful results into how to enable people to achieve their full academic potential and to prevent them from becoming disengaged with education and learning;
- Providing advocacy, advice and information to schools, colleges, universities (and other recognised places of learning or training), employers and policy- makers to help to prevent young people from becoming disengaged with education and learning, and to promote equal access to higher education, and successful progression;
- Supporting young people's capabilities, competencies, skills and understanding to enable them to achieve their full academic potential to promote equal access to higher education, and successful progression.
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing The Bridge Group's aims and objectives and in planning future activities. Consistent with our charitable objects, our work invariably focuses on the advancement of education and the relief of disadvantage amongst young people. The trustees' definition of "disadvantaged people" is consistent with that used by academic researchers, practitioners, and as advised by government bodies including the Office for Students.
More specifically, this includes:
- Those from low socio-economic groups (as identified through e.g., National Statistics Socio-Economic Classification data and eligibility for free school meals);
- Young people who live in areas of high deprivation where participation in education is significantly low (identified through IDACI, IMD, and POLAR3 indicators)
- Looked-after young people and care leavers;
We collate, commission, undertake, and analyse relevant research to provide insights and learning on social mobility, and to build the evidence base underpinning policy design and implementation. The trustees' definition of "promoting social mobility" is used to capture the range of activities to further our charitable purposes, i.e., the relief of disadvantaged young people by developing their capabilities, competences, skills and understanding to enable them to achieve their full potential.
Employing this analysis, we publish briefings and reports to influence policy and system-wide reform for the benefit of disadvantaged young people. These outputs are invariably made publicly available and are sometimes published in partnership with other charitable organisations. In relation to this activity, we have carefully studied the Charity Commission's guidance, Research by Higher Education Institutions, and our understanding of this is referenced in greater detail in the local policies upheld by the Charity to guide its work in this area.
To support this process, we host events (e.g., policy seminars, research briefings - all online in this period) to promote understanding about the key educational issues affecting disadvantaged people, to help stakeholders understand their roles in furthering our charitable objectives, and to access a wide range of expertise. These events are open to all and the outputs from them are publicly shared via the website and the e-newsletter. We maintain an informal network of professionals through which colleagues share information, experience and good practice relating to our charitable objectives, and how they can most effectively collaborate to realise them. We undertake non-party political activities to promote awareness of the educational inequalities facing disadvantaged young people by speaking at conferences and events, engaging with the media, and responding to requests for information, advice, and guidance. In relation to this activity, we have carefully studied the Charity Commission's guidance, Speaking Out, and our understanding of this is referenced in greater detail in the local policies upheld by the charity to guide its work in this area.
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**THE BRIDGE GROUP**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2021**
## **ACHIEVEMENT AND PERFORMANCE Achievements and performance**
Our research and policy work is undertaken independently and driven by guidance from the Charity Commission. Find out more about our approach as a charity **here** .
Our key research themes are:
Learner progression from school and college to higher education:
- University and employer outreach with schools and colleges
- Information, advice and guidance in schools and colleges, and for mature learners
- The influence of geography on access and participation
- University admissions practices
Equality of student outcomes in higher education:
- Being a commuter student
- Being a mature student
- The impact of university careers services in narrowing the gap in graduate outcomes
- Employer practices for attracting and recruiting graduates
Diversity and inclusion in the workplace:
- The business case for greater diversity with respect to socio-economic background
- Employer practice in attracting and hiring at all levels
- Progression, pay and performance by socio-economic background
- Employer practice in diversity and inclusion
The Bridge Group conducts all research in accordance with our **ethics policy** . Data gathered through our research is managed and stored in accordance with our data security and confidentiality policy which can be found **here** . The Bridge Group has been awarded the **Cyber Essentials and Cyber Essentials Plus certification** .
During this reporting period, the Charity has achieved the following highlights. The effects of the pandemic continue to expose and exacerbate the charitable needs that we work to address. Our experience has been that our work is increasingly valuable and impactful in this environment. The Bridge Group team have operated remotely since inception and adapted positively to restrictions; and the trustees and senior staff at the Charity have given attention to caring for staff and responding to their needs.
- Significantly developed the Charity's capacity and operations, including the recruitment of additional staff and developing our processes, IT and infrastructure. We have been working to our refreshed 2019-2022 strategy (with the process for this led by trustees), to inform measures of success, to focus the Charity's work in the areas of greatest effect, and to support our decisions about prioritising commissioned projects.
- Undertaken research and analysis and delivered commissioned advice in pursuit of our charitable objectives, including with the Cabinet Office, consortia of legal and financial firms, and Access Accountancy, and with London Higher and various universities through our work with partners. Many pieces of research stand out in terms of impact. For example, informing reforms to the approaches of the legal regulators, advising the Department for Education on how education and employers can collaborate to promote greater social equality, and continuing to evaluate and shape the Pathways and summer school programmes supported by the Sutton Trust.
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## **THE BRIDGE GROUP**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2021**
- Activities within the Sutton Trust programmes are run by 23 leading universities and engage several thousand young people from less advantaged backgrounds annually, with the aim of supporting their progression to leading universities. Our evaluations identify the relative impact of various aspects of the programmes and/or of university partners' respective approaches We thus facilitate continuous improvement of the activities offered and the benefits gained by the young people participating. Our portfolio of work with the Sutton Trust continues to expand.
- We have worked closely with the Social Mobility Foundation and been commissioned by the organisation to develop the Social Mobility Employers Index, and to deliver research in specific sectors, including in 'Professions for Good' covering areas such as sustainability and corporate responsibility.
- Over the last six years, the Bridge Group has been evaluating the impact of Access Accountancy work experience and analysing the diversity of applications and hires and membership of professional bodies. The most recent report, considering data from 2019-20, included quantitative data analysis of over five million coded data-points across 14 firms and professional bodies and interviews across eight firms. Progress regarding the diversity of applicants and hires was modest and we have made practical recommendations, in our most recent report, to address this pattern in attraction and selection processes to improve diversity in the future.
- We continued to lead a consortium of legal firms to drive reforms to advance the progression of people from lower socio-economic backgrounds. The initial report (Sep 2018) was widely covered in the national press and has provoked a wide range of changes across seven law firms - the research was featured in our Impact Report. This has now led to a larger consortium working to take action to promote a more diverse partner-level population by socio-economic background - this was published in September 2020, and we are exploring with the participating firms how we build on this impact, including with the various legal sector regulators.
- Our evaluation of London Healthcare Evaluation Group universities' Covid-19 response in allied healthcare described the efforts made by healthcare students, university staff, NHS staff and the broader higher education community in London during the first wave of Covid-19. Drawing on in-depth interviews, it illustrates the experiences of those on the frontline, the challenges that they faced, the sacrifices that they made, and the immense impact that their efforts had.
- Twelve leading real estate firms collaborated with the Bridge Group to understand how socio-economic background affects access to, and success in, the industry. The research was funded by the JLL UK Foundation, a charity focused on supporting young people from low socio-economic backgrounds into the property industry. The report reveals that the sector is deeply lacking in diversity, particularly by socio-economic background.
- We were commissioned by the Arts Council, the National Theatre, and Inc Arts to launch a new report about who gets ahead and how in UK arts management. The study included over half a million quantitative data-points, more than 500 survey responses and 60 hours of qualitative interviews - and made practical recommendations for change. Hundreds of people working in a range of roles shared demographic information and occupational data, alongside their perceptions of opportunity, progression, diversity, and inclusion across the arts sector.
- We published research commissioned by ten leading financial services firms to investigate socio-economic background and access to, and progression in, the financial services sector. This involved collating data from these organisations pertaining to this, for the first time, and interviews with over 100 employees. The work was supported by the City of London Corporation and was launched in 2020 by the Minister for Business.
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**THE BRIDGE GROUP**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2021**
## **FINANCIAL REVIEW**
## **Principal funding sources**
The Charity's principal sources of funds in this period are from commissioned research, analysis, and advice, with revenue received from:
- Access Accountancy
- Blackrock International
- The Cabinet Office
- Cambridge Associates
- City of London Corporation
- Deloitte
- DLA Piper
- First Sentier Investors
- Hayes Macintyre (via We Are Wiser)
- Inc Arts UK
- JLL UK Foundation
- Legal Services Board
- London South Bank University
- Legal & General
- London Higher
- PWC Foundation
- Reynolds Porter Chamberlain
- The Social Mobility Foundation
- The Sutton Trust
- UPP Foundation
## **Reserves policy**
The trustees' policy is to build up unreserved funds to represent at least three months' running costs, planning for adverse economic conditions and other potential threats, safeguarding the long-term future of the Charity. At 31st July 2021, the reserves of the Charity not attached to restricted or designated funds, stood at £33,347. Three months' running costs for the Charity, including the payroll costs of staff delivering paid commissioned work, were in the region of £68,000 net of VAT.
The trustees note that during this year the Charity has successfully navigated a range of challenges relating to the effects of the pandemic, including reduced revenue, and staffing absences due to caring responsibilities. It has therefore been a strategic decision to draw on a small proportion of our reserves to ensure the continued effective operation of the organisation, and to build the staffing base with confidence as the Charity looks to the opportunities for increased revenue and impact in the year ahead. Therefore, the trustees have considered all available information at the date of approving the accounts and consider the charity a going concern.
## **Funds in deficit**
There are no funds in deficit.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
Constitution
## **Charity constitution**
Charitable Incorporated Organisation
## **Recruitment and appointment of new trustees**
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## **Decision making**
The trustees determine the strategic direction of the Charity and delegate responsibility for the day-to-day management and operations to the Chief Executive and the senior team. The Board meets on a quarterly basis to ������������������������������������������������������������������������������������������������������������������ .
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**THE BRIDGE GROUP**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2021**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Induction and training of new trustees**
New trustees undergo a thorough induction into the workings of the Charity.
## **Risk management**
The trustees have examined the major strategic, business, and operational risks which the Charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1162144
## **Principal address**
Mr N Miller Lambourne house Orchard Lane York North Yorkshire YO10 3TX
## **Trustees**
Professor Sir John Holman - Trustee, Chair Deb Conner - Trustee Nathalie Trott - Trustee Laura Yeates - Trustee Jude Heaton - Trustee Anne-Marie Canning MBE - Trustee Andre Flemmings - Trustee (Appointed 16/05/2020) Ann Easwary Swampillai - Trustee (Appointed 21/04/2021) Hephzibah Ayomide Adeosun - Trustee (Appointed 21/04/2021) Andrea Rose Waugh - Trustee (Appointed 21/04/2021) Timothy John Smith - Trustee (Appointed 21/04/2021)
## **Independent Examiner**
Hayden Priest ICAEW UHY Calvert Smith Chartered Accountants Heritage House Murton Way Osbaldwick York North Yorkshire YO19 5UW
18 April 2022
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Prof Sir J Holman - Trustee
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**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BRIDGE GROUP**
## **Independent examiner's report to the trustees of The Bridge Group**
I report to the charity trustees on my examination of the accounts of The Bridge Group (the CIO) for the year ended 31 July 2021.
## **Responsibilities and basis of report**
As the charity trustees of the CIO, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the CIO as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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 to enable a proper understanding of the accounts to be reached.
Hayden Priest ICAEW UHY Calvert Smith Chartered Accountants Heritage House Murton Way Osbaldwick York North Yorkshire YO19 5UW Date: .............................................
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**THE BRIDGE GROUP**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2021**
|**2021**
**Unrestricted**
**fund**
Notes
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**1,000**
**Charitable activities**
Research
**279,295**
**Total**
**280,295**
**EXPENDITURE ON**
Raising funds
2
**-**
**Charitable activities**
3
Research
**318,023**
**Total**
**318,023**
**NET INCOME/(EXPENDITURE)**
**(37,728)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**71,075**
**TOTAL FUNDS CARRIED FORWARD**
**33,347**|2020
Total
funds
£
2,902
355,877
358,779
11,534
304,276
315,810
42,969
28,106
71,075|
|---|---|
The notes form part of these financial statements
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## **THE BRIDGE GROUP**
## **BALANCE SHEET 31 JULY 2021**
|**2021**
**Unrestricted**
**fund**
Notes
**£**
**FIXED ASSETS**
Tangible assets
9
**3,632**
**CURRENT ASSETS**
Debtors
10
**42,163**
Cash at bank
**150,466**
**192,629**
**CREDITORS**
Amounts falling due within one year
11
**(162,914)**
**NET CURRENT ASSETS**
**29,715**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**33,347**
**NET ASSETS**
**33,347**
**FUNDS**
12
Unrestricted funds
**33,347**
**TOTAL FUNDS**
**33,347**|2020
Total
funds
£
1,378
18,225
161,780
180,005
(110,308)
69,697
71,075
71,075
71,075
71,075|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 23 March 2022 ............................................. and were signed on its behalf by:
............................................. Prof Sir J Holman - Trustee
The notes form part of these financial statements
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**THE BRIDGE GROUP**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021**
## **1. ACCOUNTING POLICIES**
The charity is a CIO ������������������������������������������� s registered office address can be found on page �����������������������������������������������������������������������������������������������������
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the Charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably. Invoices for commissioned work are raised once the work is completed. The charitable activity of research on the face of the SoFA comprises commissioned research, analysis, and advice in relation to the objectives of the charity.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Fixed assets are measured at cost less depreciation.
Computers and Office equipment - 25% Reducing balance basis.
## **Taxation**
The Charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
The charity had no restricted funds during the year ended 31 July 2021 nor in the preceding year.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
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**THE BRIDGE GROUP**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021**
## **2. RAISING FUNDS**
## **Raising donations and legacies**
|**2021**
**£**
Events expenses
**-**
**CHARITABLE ACTIVITIES COSTS**
Support
Direct
costs (see
Costs
note 4)
£
£
Research
**232,064**
**85,959**
**SUPPORT COSTS**
Office
Finance
Governance
overheads
costs
Depreciation
costs
£
£
£
£
Research
**73,136**
**627**
**1,211**
**10,985**
Support costs, included in the above, are as follows:
**Office overheads**
**2021**
Research
**£**
Wages
**55,469**
Social security
**2,839**
Pensions
**918**
Insurance
**940**
Postage and stationery
**-**
Travel and subsistence
**1,718**
Computer expenses
**11,252**
**73,136**|2020
£
11,534
Totals
£
**318,023**
Totals
£
**85,959**
2020
Total
activities
£
**49,544**
**4,356**
**925**
**940**
**1,229**
**5,124**
**7,611**
**69,729**|
|---|---|
## **3. CHARITABLE ACTIVITIES COSTS**
## **4. SUPPORT COSTS**
Support costs, included in the above, are as follows:
## **Office overheads**
continued...
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**THE BRIDGE GROUP**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021**
## **4. SUPPORT COSTS - continued Finance costs**
|**4.**|**SUPPORT COSTS - continued**
**Finance costs**|||
|---|---|---|---|
|||**2021**|2020|
||||Total|
|||Research|activities|
|||**£**|£|
||VAT surcharge|**627**|**-**|
||**Depreciation**|||
|||**2021**|2020|
||||Total|
|||Research|activities|
|||**£**|£|
||Depreciation of tangible fixed assets|**1,211**|**457**|
||**Governance costs**|||
|||**2021**|2020|
||||Total|
|||Research|activities|
|||**£**|£|
||Independent examiner�s remuneration|**1,800**|**3,750**|
||Accountancy fees|**750**|**2,100**|
||Professional fees|**8,435**|**2,415**|
|||**10,985**|**8,265**|
|**5.**|**INDEPENDENT EXAMINER�S REMUNERATION**|||
|||**2021**|2020|
|||**£**|£|
||Independent examiner�s remuneration|**1,800**|3,750|
continued...
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**THE BRIDGE GROUP**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021**
## **6. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 July 2021 nor for the year ended 31 July 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 July 2021 nor for the year ended 31 July 2020.
## **7. STAFF COSTS**
|**STAFF COSTS**|||
|---|---|---|
|Wages and salaries
Social security costs
Other pension costs|**2021**
**£**
**230,718**
**12,850**
**4,488**
**248,056**|2020
£
211,328
19,922
4,402|
|||235,652|
The key management personnel of the charity comprise Nicholas Miller, Marianne Blattes, Bonita Edwards, and Penelope Jane Griffin. The total remuneration of the key management personnel, inclusive of pension and employer social security costs, was £141,580 (2020: £144,117)
The average monthly number of employees during the year was as follows:
|Average number of employees|**2021**
**9**|2020
8|
|---|---|---|
No employees received emoluments in excess of £60,000.
����������
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**THE BRIDGE GROUP**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021**
## **8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**||
|---|---|
||Unrestricted|
||fund|
||£|
|**INCOME AND ENDOWMENTS FROM**||
|Donations and legacies|2,902|
|**Charitable activities**||
|Research|355,877|
|**Total**|358,779|
|**EXPENDITURE ON**||
|Raising funds|11,534|
|**Charitable activities**||
|Research|304,276|
|**NET INCOME/(EXPENDITURE)**|42,969|
|**RECONCILIATION OF FUNDS**||
|**Total funds brought forward**|28,106|
|**TOTAL FUNDS CARRIED FORWARD**|71,075|
����������
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**THE BRIDGE GROUP**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021**
|**9.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 August 2020
Additions
At 31 July 2021
**DEPRECIATION**
At 1 August 2020
Charge for year
At 31 July 2021
**NET BOOK VALUE**
At 31 July 2021
At 31 July 2020
**10.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
**11.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Taxation and social security
Other creditors|**2021**
**£**
**42,163**
**2021**
**£**
**3,575**
**144,451**
**14,888**
**162,914**|Computer
equipment
£
**1,971**
**3,470**
**5,441**
**593**
**1,216**
**1,809**
**3,632**
1,378
2020
£
18,225
2020
£
-
102,002
8,306
110,308|
|---|---|---|
����������
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**THE BRIDGE GROUP**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021**
## **12. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1/8/20
£
**71,075**
**71,075**
Incoming
resources
£
**280,295**
**280,295**|Net
movement
At
in funds
31/7/21
£
£
**(37,728)**
**33,347**
**(37,728)**
**33,347**
Resources
Movement
expended
in funds
£
£
**(318,023)**
**(37,728)**
**(318,023)**
**(37,728)**|
|---|---|---|
## **Comparatives for movement in funds**
|||Net||
|---|---|---|---|
|||movement|At|
||At 1/8/19|in funds|31/7/20|
||£|£|£|
|**Unrestricted funds**||||
|General fund|28,106|42,969|71,075|
|**TOTAL FUNDS**|28,106|42,969|71,075|
continued...
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**THE BRIDGE GROUP**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2021**
## **12. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
358,779
358,779|Resources
Movement
expended
in funds
£
£
(315,810)
42,969
(315,810)
42,969|
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|||Net||
|---|---|---|---|
|||movement|At|
||At 1/8/19|in funds|31/7/21|
||£|£|£|
|**Unrestricted funds**||||
|General fund|28,106|5,241|33,347|
|**TOTAL FUNDS**|28,106|5,241|33,347|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
639,074
639,074|Resources
Movement
expended
in funds
£
£
(633,833)
5,241
(633,833)
5,241|
|---|---|---|
## **13. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 July 2021.
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**THE BRIDGE GROUP**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2021**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Charitable activities**
Commissioned work
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Events expenses
**Charitable activities**
Wages
Social security
Pensions
Consultant and other direct costs
**Support costs**
**Office overheads**
Wages
Social security
Pensions
Insurance
Postage and stationery
Travel and subsistence
Computer expenses
**Finance costs**
VAT surcharge
**Depreciation**
Computer equipment
**Governance costs**
Independent examiner��������������
Carried forward|2021
£
**1,000**
**279,295**
**280,295**
**-**
**175,249**
**10,011**
**3,570**
**43,234**
**232,064**
**55,469**
**2,839**
**918**
**940**
**-**
**1,718**
**11,252**
**73,136**
**627**
**1,211**
**1,800**
**1,800**|2020
£
2,902
355,877
358,779
11,534
161,784
15,566
3,477
44,998
225,825
49,544
4,356
925
940
1,229
5,124
7,611
69,729
-
457
3,750
3,750|
|---|---|---|
This page does not form part of the statutory financial statements
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**THE BRIDGE GROUP**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2021**
|**Governance costs**
Brought forward
Accountancy fees
Professional fees
Total resources expended
**Net (expenditure)/income**|2021
£
**1,800**
**750**
**8,435**
**10,985**
**318,023**
**(37,728)**|2020
£
3,750
2,100
2,415
8,265
315,810
42,969|
|---|---|---|
This page does not form part of the statutory financial statements
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