Company registration number: 09687513 Charity registration number: 1172089
**LIFEBRIDGE ASEND STRATEGIC REPORT, TRUSTEES' REPORT AND** ANNUAL REPORT AND FINANCIAL STATEMENTS **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
Byrd + Link Audit Limited
## **Lifebridge ASEND Contents**
||**Page**|
|---|---|
|Reference and Administrative Details|1|
|Trustees' Report|2—7|
|Independent Auditor's Report|8—10|
|Statement of Financial Activities (including Income and Expenditure Account)|11|
|Comparative Statement of Financial Activities (including Income and Expenditure Account)|12|
|Balance Sheet|13|
|Statement of Cash Flows|14|
|Notes to the Statement of Cash Flows|15|
|Notes to the Financial Statements|16—26|
**Lifebridge ASEND Reference and Administrative Details For The Year Ended 31 August 2025**
|**Trustees**|Gary Johnson - Chair (resigned 20/05/2026)|
|---|---|
||Caroline Dawson - Director|
||Jennifer Dunne - Director|
||Hannah Lane - Director (resigned 20/05/2026)|
||Martin Hanbury - Director (appointed 17/06/2026)|
|**Charity Number**|1172089|
|**Company Number**|09687513|
|**Principal Address**|Susan Issacs Building|
||Vernon Street|
||Bolton|
||BL1 2XN|
|**Registered Office**|Susan Issacs Building|
||Vernon Street|
||Bolton|
||BL1 2XN|
|**Auditors**|Byrd + Link Audit Limited|
||Honeybourne Place|
||Jessop Avenue|
||Cheltenham|
||GL50 3SH|
|**Members**|Caroline Dawson|
||Jennifer Dunne|
||Gary Johnson - (resigned 20/05/2026)|
||Martin Hanbury (Appointed 17/06/2026)|
|**Key Management Personnel**|Jane Haslam|
Page 1
## **Lifebridge ASEND Company No. 09687513 Trustees' Report For The Year Ended 31 August 2025**
The trustees present their report and the audited financial statements of the charity for the year ending 31 August 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) The trustees present their report and the financial statements for the year ended 31 August 2025. "Accounting and Reporting by Charities" in preparing the annual report and financial statements of the charity.
## **Objectives and Activities**
## **Aims and Objectives**
LifeBridge ASEND acts as a resource for young people with Special Educational Needs and Disabilities (SEND) in Greater Manchester, South Lancashire and surrounding areas by providing support, educational, physical and other activities to improve their life chances and wellbeing.
We respond to the changing needs of current and future education, to maximise the potential of every individual who participates.
Our educational offer is designed to facilitate and actively support the successful achievement of the above aims and objectives for all learners via their personalised timetable offer, together with the individualised support offer from the staff team, supported by relevant external partners including external independent CEIAG advice, and social care partners where relevant.
As a Special Post-16 Institution (SPI), we provide educational, vocational and enrichment opportunities to young adults between the ages of 19 and 25 with SEND, remaining focused on their individual needs. LifeBridge ASEND also offers extended non-educational provision for young adults up to the age of 30.
Our priority is to support young people with Special Educational Needs and Disabilities (SEND) to prepare themselves for adulthood, whilst working towards becoming more independent and ultimately gaining employment.
The Post-19 education offer we deliver at LifeBridge ASEND provides a learning environment conducive to those young people who want to work; the offer helps to increase their confidence and ability to perform successfully in the workplace, the local community and the wider society.
Young adults with SEND may become isolated within their local community and LifeBridge ASEND supports young people to access meaningful work placements, alongside volunteering opportunities and social activities to foster a sense of purpose and wellbeing whilst also contributing to society.
## Charitable aims:
To act as a resource for young people aged 19-25 with special educational needs and disabilities in Greater Manchester and South Lancashire and the surrounding areas by providing advice and assistance and organising programmes of physical, educational and other activities as a means of:
(a) advancing in life and helping young people by developing their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals;
(b) advancing education;
(c) relieving unemployment;
(d) providing recreational and leisure time activity in the interests of social welfare for people living in the area of benefit who have need by reason of their youth, age, infirmity or disability, poverty or social and economic circumstances with a view to improving the conditions of life of such persons.’
## Strategies for achieving these aims include the following objectives:
(a) maintaining a close working relationship with relevant organisations including Bolton LA and their SENDAS team, and neighbouring LAs and their SENDAS teams where relevant, in order to continue to recruit students aged 19-25 with SEND onto appropriate full-time educational routes that are funded by the ESFA;
(b) maintaining a close working relationship with learners and their families, and with relevant organisations including parent partnership support groups, independent CEIAG advice support (careers education, information, advice and guidance), and social care partners where relevant in order to continue to support learners to remain fully engaged; (c) continuing to seek out opportunities for relevant work experience and supported internship placements in order to increase the potential for successful employment opportunities; and
(d) continuing to offer relevant recreational and leisure time activity for those aged 19-30
...CONTINUED
Page 2
## **Lifebridge ASEND Trustees' Report (continued) For The Year Ended 31 August 2025**
## **Aims and Objectives - continued**
Criteria for measuring success:
(a) number of learners on roll on an educational programme is at least 90% of the number on roll for the previous year (Achieved, 36 learners on roll in 2023-24, 38 learners on roll in 2024-25 plus an additional 8 interns on roll)
(b) 100% of learners on an educational programme and/or at a transition point have the opportunity for them and their family to meet with an independent CEIAG advisor at least once annually
(Achieved at 100% as evidenced via EHCP and service level agreement information)
(c) 100% of learners on an educational programme for employability have had the opportunity to take part in work simulation or work experience activities (Achieved at 100% as recorded in annual EHCP paperwork for all learners)
(d) (i) 100% of young adults attending on an educational programme (for independence or for employability) have taken part in a weekly recreational activity of their choice when present
(ii) 100% of young adults attending LifeBridge PLUS have taken part in a weekly recreational activity of their choice when present
(Achieved for both (i) and (ii) at 100% as recorded in attendance registers for activity sessions)
## **Significant Activities**
Our educational offer is designed to facilitate and actively support the successful achievement of the above aims and objectives for all learners via their personalised timetable offer, together with the individualised support offer from the staff team, supported by relevant external partners including external independent CEIAG advice, and social care partners where relevant.
## **Public Benefit**
The trustees have regard to Charity Commission guidance on public benefit and are clear that LifeBridge ASEND is beneficial to a sufficiently wide section of the public and is not run for any particular personal benefit or gain. Being mindful of the core purposes of the charity underpins all of the decision making processes, policies, practices and procedures undertaken by LifeBridge ASEND.
The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.
## **Achievements and Performance**
## **Main Achievements**
The main achievements of LifeBridge ASEND during this year are:
Further to the Ofsted grading of ‘Good’ overall with ‘Outstanding’ Behaviours and Attitudes at the full Ofsted Inspection completed in June 2023, the provision continued to provide tailored education and wellbeing support for our young people which meets individual Education and Health Care Plan (EHCP) targets. Leaders are ambitious for learners who attend LifeBridge ASEND and our priority is to support young adults with SEND to prepare themselves for adulthood, work towards becoming more independent and where possible gain employment and make positive contributions to society. A total of thirty-eight learners were enrolled on an education programme of study at LifeBridge ASEND for the academic year September 2024 to July 2025.
Nineteen learners were enrolled on the employability pathway which enables learners to develop the skills that they need to progress into meaningful employment within the local community. All of our learners on the employability pathway undertook meaningful work placement roles in a range of settings for instance; working at local parks and allotments, charity shops and retail establishments, cafes, a local care home and a nursery to gain transferable work-related skills, make a contribution to society and feel a sense of self-worth and value.
...CONTINUED
Page 3
## **Lifebridge ASEND Trustees' Report (continued) For The Year Ended 31 August 2025**
## **Main Achievements - continued**
A further nineteen learners were enrolled on the independence pathway. Our independence curriculum enables learners who need further support to develop the required skills to increase independence in their daily lives. Learners on the independence pathway build confidence and competence that is needed to navigate life successfully. The curriculum covers topics such as completing laundry tasks, preparing healthy snacks and meals, completing shopping tasks, planning and undertaking a short bus journey, financial capability including budgeting and paying for items independently. Learners who are on this pathway may also have the opportunity to take part in either an internal or external work placement and with appropriate support where required. In addition to our thirty-eight learners on education pathways, we were delighted to be able to offer places for a further eight young people on a supported internship programme based at a local ASDA store in Bolton from September 2024. This one-year programme, in collaboration with Bolton Local Authority and DFN Project Search, enabled the Interns to learn essential ‘on the job’ work skills, whilst being supported by a tutor and support staff provided by LifeBridge ASEND as the educator. Participation in the supported internship enabled the young people taking part to develop employability skills but also self-belief and confidence, positive mind-sets with an ‘I can do’ attitude and greater independence. They also benefitted from increased opportunities to socialise with friends outside of the workplace. Seven of the eight interns successfully completed our first supported internship programme and we were proud to attend their graduation ceremony along with families to see them receive their graduation certificates from the Mayor of Bolton. Three of the interns were offered and accepted paid employment at the Asda store where they had completed their internship; which was a fantastic achievement. A fourth intern was offered and accepted employment at another Asda store, meaning that more than 50% of the interns who graduated transitioned straight into paid employment. The remaining three interns were provided with support to seek opportunities in the world of work.
In July 2025 there were eight leavers from employability and independence programmes of study who transitioned to positive destinations which included community volunteering roles, a supported internship, a further education provision or a social care setting.
Learners at LifeBridge study towards functional skills English and maths qualifications at the appropriate level (Entry Level 1 to Level 2) and the accreditation results in the summer term 2025 were representative of the expected individual learner progress. 100% of learners on the employability pathway entered for BTEC Work Skills achieved the qualification at the appropriate level.
LifeBridge Plus continues to provide vital support for young adults with SEND and makes a big difference to their lives. Regular and engaging social opportunities were organised for the young adults who attend LifeBridge Plus so that they could take part in meaningful activities, socialise with peers and be supported to increase resilience and independence
We received a Tobbells grant of £1136 in the Autumn term of 2024 for the purchase of equipment to be used by learners working towards achievement of a Duke of Edinburgh Award. During the 31st Aug2024 year this amount was posted to Deferred income and then moved to the profit and loss account as the grant was spent.
£300 worth of funding from the AoC and LTA Disability Tennis Project enabled a cohort of young people from LifeBridge ASEND to participate in ‘Tennis For All’ sessions delivered at a local sports facility. We were also supplied with an ‘inclusive tennis bag’ worth £400 containing equipment which our young people have thoroughly enjoyed using to fully engage in tennis sessions.
## **Fundraising Standard Information**
LifeBridge ASEND does not carry out significant fundraising activities. However, we continue to plan small-scale fundraising events to raise additional funds to enhance our provision or to support our local community. This enables our young people to have a sense of purpose and make a valuable contribution to society. We support activities in our local community and a sponsored ‘Reindeer Run’ took place in December 2024 where our young people raised £170.00 in total for Bolton Hospice. We also hosted a Macmillan coffee morning and raised £171.05.
We continued to run a community cafe allowing our learners to experience working in a ‘real life’ cafe and customer service setting. This enables us to support our learners to develop work-related skills for future employment whilst creating an opportunity to raise funds for LifeBridge ASEND.
Warburtons continued to provide a weekly supply of bakery products free of charge which enables our young people to have a good start to the day with a free breakfast on arrival.
Page 4
## **Lifebridge ASEND Trustees' Report (continued) For The Year Ended 31 August 2025**
## **Financial Review**
## **Financial Position**
We have included our full accounts for the year which have been independently audited.
We continue to meet the requirements of the DfE in order to operate and receive funding for our young adults on their fulltime educational programmes.
Income for the period 24-25 was £1,102,629 Total expenditure for the period 24-25 was £1,157,380
We had two significant expenditures in 24-25 which came out of reserves that we accrued for the purposes of funding the replacement of two new boilers (£16,557) and re-roofing of the premises (£132,232). This is explained in further detail in the statement below.
The net position at year end for 24-25 is £-54,751
## **Reserves Policy**
It is considered good practice to hold a contingency of funds to cover our operational costs in the event of exceptional circumstances that might interrupt the normal flow of grant funding from central and local Government.
It was a condition of the Susan Isaacs building lease that was provided at a “peppercorn rent” from Bolton Council that in the event of sufficient funding being available, LifeBridge ASEND, as the tenant, would complete the replacement of two boilers and required re-roofing works at the property.
A significant portion of the accrued reserves that had deliberately been built up for this reason was therefore spent during 24-25 in order to comply with the conditions of the lease. Furthermore, making improvements to the poor condition of the Susan Isaacs building and maintaining the premises in a good working order has ensured that our young people can attend and learn in a safe and welcoming environment.
LifeBridge ASEND held reserves of £306,741, at the end of the year 24-25 for the purpose of any delays in cash-flow from the DfE. Restricted funds held £212,267 Unrestricted funds held £7,037 Restricted fixed asset £87,437
## **Principal Funding Sources**
One of the primary aims of LifeBridge ASEND is to educate learners aged 19+ with an Education, Health and Care Plan who are therefore eligible for funding from the Department for Education, which is our principal source of funding.
A proportion of the DfE allocation is via the school condition allocation capital grant, which is designated for maintaining and
improving building conditions.
Lifebridge also receive high needs funding based on individual learner needs. We receive elements 1 and 2 combined for place funding from the DfE and receive element three high needs top-up funding from whichever Local Authority has commissioned places for the individual learner ( for the academic year 2024-2025 all learners on roll were Bolton Local Authority learners).
We also receive some funding via social care provision for some young people to attend LifeBridge Plus.
Page 5
## **Lifebridge ASEND Trustees' Report (continued) For The Year Ended 31 August 2025**
## **Principal Risk and Uncertainties**
The main principal risk facing LifeBridge ASEND is the reliance on local authority high needs learner placements, DfE allocation of funding and fluctuating capital funding for special post-16 institutions (SPIs).
Additionally, delays in Local Authority funding payments could pose a cash-flow risk, as could off-setting staffing and premises costs against potentially fluctuating annual cohorts of learners.
All such risks are considered at governance meetings and plans for managing risks put in place. This includes reviewing student funding and pursuing any anomalies with the relevant LA SENDAS team, and also reviewing required staffing levels at least annually; some staff may be recruited to LifBridge ASEND on fixed-term contracts to mitigate the risk of those fluctuating staffing requirements.
Major risks have been reviewed, and systems or procedures have been established to manage those risks.
## **Plans for future periods**
LifeBridge ASEND was successfully commissioned for education places for the 2024-2025 academic year by Bolton Local Authority to continue to run programmes in independence, employability and the supported internship offer and have been commissioned to run these three programmes again for the academic years 2025-2026 and 2026-2027.
The aims and objectives of LifeBridge ASEND and the success criteria by which they will be measured remain the same as in previous years.
## **Structure, Governance and Management**
## **Governing Document**
The Memorandum and Articles of Association are the governing documents.
LifeBridge ASEND is a Private Limited Company by guarantee without share capital use of ‘Limited’ exemption. The business is classified as an SIC providing educational support services.
## **Trustee Selection Methods**
Directors of the company are also trustees of the charity and appointment of Directors are as detailed in the articles of association.
## **Induction and Training of Trustees**
New trustees would ideally have a background knowledge of the education sector prior to appointment. However, at their first visit to LifeBridge, any new trustee will be given a tour and will meet with key personnel, where they will be provided with an induction pack that contains the key information about the organisation (articles of association, most recent trustees report, information from Companies House, up to date financial accounts information etc.). They will also be offered the opportunity to pair up with an existing trustee as a “buddy”. All trustees will complete the required Bolton LA annual safeguarding training.
## **Organisational Structure**
At LifeBridge ASEND, the board of directors and trustees hold the governance responsibility for the organisation. The trustees delegate powers to senior key management personnel for day-to-day operational authority. Key management personnel remuneration is determined by Bolton Council associated pay scales and the Rumworth School headteacher according to the relevant point on the national teachers leadership pay-scale.
Page 6
## **Lifebridge ASEND Trustees' Report (continued) For The Year Ended 31 August 2025**
## **Related Parties**
Staff appointment processes are undertaken within the Bolton Local Authority model policies / procedures adopted by the Governing Board of Rumworth School. All staff appointments are confirmed by the Headteacher of Rumworth School who is a trustee of LifeBridge ASEND, and who also determines their salary scale point on to the relevant salary scale set out by Bolton LA.
Trustees sign an annual declaration of interest which includes any declaration of related parties. One trustee has declared they are a parent of a part-time staff member who was employed at LifeBridge ASEND on an externally advertised fixed term contract during the 2024-25 year. The trustee was not involved in any aspect of the recruitment process and the trustee was not involved in the determination of salary following appointment.
## **Statement of Trustees' Responsibilities**
The trustees (who are also the directors of Lifebridge ASEND for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statement unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgments and accounting estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
state whether applicable UK Accounting Standards have been followed
The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the financial position of the charitable company and to enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
## **Statement of Disclosure of Information to Auditors**
Each of the persons who are trustees at the time when this trustees' report is approved has confirmed that:
- so far as the trustee is aware, there is no relevant audit information of which the charitable company's auditors are unaware; and
they have taken all the steps that they ought to have taken as trustees in order to make themselves aware of any relevant audit information and to establish that the charitable company's auditors are aware of that information.
## **Small Company Rules**
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The trustees' report was approved by the board of trustees and signed on its behalf by:
Caroline Dawson
Trustee
18 August 2026
Page 7
## **Independent Auditor's Report to the Members of Lifebridge ASEND**
## **Opinion**
We have audited the financial statements of LifeBridge ASEND (the ‘charitable company’) for the year ended 31 August 2025 which comprise Statement of Financial Activities, Balance Sheet, Statement of Cash Flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is 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 Generally Accepted Accounting Practice).
In our opinion the financial statements:
- give a true and fair view of the state of the charitable company’s affairs as at 31 August 2025, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for Opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions Relating to Going Concern**
In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other Information**
The other information comprises the information included in the trustees' annual report2, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
## **Opinions on Other Matters Prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
the information given in the trustees' report, which includes the directors’ report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the directors’ report included within the trustees' report has been prepared in accordance with applicable legal requirements.
Page 8
## **Independent Auditor's Report (continued) to the Members of Lifebridge ASEND**
## **Matters on Which We Are Required to Report by Exception**
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Director's Report included within the Trustees' Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records or returns; or certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Trustees' Report and from the requirement to prepare a Strategic Report.
## **Responsibilities of Trustees**
As explained more fully in the trustees’ responsibilities statement set out on page 7 the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Page 9
## **Independent Auditor's Report (continued) to the Members of Lifebridge ASEND**
## **Auditor's Responsibilities for the Audit of the Financial Statements**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We identified and assessed the risks of material misstatement within the financial statements arising from irregularities, whether due to fraud or error, at the audit planning stage and discussed these amongst the audit engagement team. Discussions with management and those charged with governance around laws, regulations and compliance were also undertaken at the audit planning stage. We then designed and performed audit procedures in response to these identified risks. Such audit procedures include obtaining sufficient, appropriate audit evidence to provide a basis for our audit opinion.
We obtained an understanding of the legal and regulatory frameworks within which the charitable company operates, focusing on those laws and regulations that have a direct effect on material amounts and disclosures within the financial statements. The laws and regulations considered were the Companies Act 2006, Charities Act 2011, together with the Charities SORP (FRS102) and Ofsted. We have assessed the impact of any breaches in these laws and regulations and considered whether any such findings have a material impact on the financial statements.
We also considered the systems and controls in place and the opportunities and incentives that may exist within the charity for fraud or manipulation of these financial statements. We identified the key risks in relation to fraud where management override of controls and income recognition. The audit procedures designed to respond to these risks included sample testing on journals, review of key accounting estimates, discussion with management, reviewing regulatory correspondence, legal expenditure review, and a review of trustee meeting minutes along with sample testing income streams from source documentation.
Our audit procedures, together with our assessment of risks identified at planning, were transparent to the charity and have been communicated to the trustees throughout the audit as well as within the audit engagement team.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. Ultimately it is the responsibility of the trustees for the prevention and detection of fraud and non compliance.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
## **Use Of Our Report**
This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
## Russel Byrd, FCA (Senior Statutory Auditor)
19 August 2026
For and on behalf of Byrd + Link Audit Limited, Statutory Auditor Honeybourne Place Jessop Avenue Cheltenham GL50 3SH
Page 10
## **Lifebridge ASEND Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 August 2025**
|**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**3**
Charitable activities:
**4**
Education, support and development services for young
people and adults with SEND
Other trading activities
**5**
**EXPENDITURE ON:**
Raising funds
**8**
Charitable activities:
**8**
Education, support and development services for young
people and adults with SEND
**NET (EXPENDITURE)/INCOME**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**18**|**Unrestricted**
**funds**
**£**
264
145,689
2,418|**Restricted**
**funds**
**£**
-
954,258
-|**2025**
**Total**
**funds**
**£**
264
1,099,947
2,418|**2024**
**Total**
**funds**
**£**
968
973,788
754|
|---|---|---|---|---|
||148,371|954,258|1,102,629|975,510|
||-
(170,288)|-
(987,092)|-
(1,157,380)|(137)
(921,530)|
||(170,288)|(987,092)|(1,157,380)|(921,667)|
||(21,917)|(32,834)|(54,751)|53,843|
||(21,917)
28,954|(32,834)
332,538|(54,751)
361,492|53,843
307,649|
||7,037|299,704|306,741|361,492|
The notes on pages 15 to 26 form part of these financial statements.
Page 11
## **Lifebridge ASEND Comparative Statement of Financial Activities (including Income and Expenditure Account)**
## **For The Year Ended 31 August 2025**
|**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**3**
Charitable activities:
**4**
Education, support and development services for young people and
adults with SEND
Other trading activities
**5**
**EXPENDITURE ON:**
Raising funds
**8**
Charitable activities:
**8**
Education, support and development services for young people and
adults with SEND
**NET INCOME**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**18**|**Unrestricted**
**funds**
**£**
968
196,533
754|**Restricted**
**funds**
**£**
-
777,255
-|**2024**
**Total**
**funds**
**£**
968
973,788
754|
|---|---|---|---|
||198,255|777,255|975,510|
||(28)
(183,592)|(109)
(737,938)|(137)
(921,530)|
||(183,620)|(738,047)|(921,667)|
||14,635|39,208|53,843|
||14,635
14,319|39,208
293,330|53,843
307,649|
||28,954|332,538|361,492|
The notes on pages 15 to 26 form part of these financial statements.
Page 12
## **Lifebridge ASEND Balance Sheet As At 31 August 2025**
|**Notes**
**FIXED ASSETS**
Tangible Assets
**14**
**CURRENT ASSETS**
Debtors
**15**
Cash at bank and in hand
**Creditors: Amounts Falling Due Within One Year**
**16**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS OF THE CHARITY**
Restricted Funds
Unrestricted Funds
**TOTAL FUNDS**
**18**|**Unrestricted**
**funds**
**£**
168,859|**Restricted**
**funds**
**£**
87,436|**2025**
**Total**
**funds**
**£**
256,295|**2024**
**Total**
**funds**
**£**
128,592|
|---|---|---|---|---|
||168,859
1,658
-|87,436
10,294
148,599|256,295
11,952
148,599|128,592
15,680
392,859|
||1,658
(163,480)|158,893
53,375|160,551
(110,105)|408,539
(175,639)|
||(161,822)|212,268|50,446|232,900|
||7,037|299,704|306,741|361,492|
||7,037|299,704|306,741|361,492|
||||299,704
7,037|332,538
28,954|
||||306,741|361,492|
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Caroline Dawson
Trustee 18 August 2026
The notes on pages 15 to 26 form part of these financial statements.
Page 13
## **Lifebridge ASEND Statement of Cash Flows For The Year Ended 31 August 2025**
|**Notes**
**Cash flows from operating activities**
Net cash (used in)/generated from operations
**1**
Interest paid
Net cash (used in)/generated from operating activities
**Cash flows from investing activities**
Purchase of tangible assets
Grants received
Net cash used in investing activities
(Decrease)/increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
**2**
Cash and cash equivalents at end of year
**2**|**2025**
**£**
(63,822)
(1,675)
(65,497)
(178,763)
-
(178,763)
(244,260)
392,859
148,599|**2024**
**£**
178,290
(1,040)|
|---|---|---|
|||177,250|
|||(83,009)
604|
|||(82,405)|
||||
|||94,845
298,618|
|||393,463|
Page 14
## **Lifebridge ASEND Notes to the Statement of Cash Flows For The Year Ended 31 August 2025**
## 1. **Reconciliation of (expenditure)/income to cash (used in)/generated from operations**
|Net (expenditure)/income
_Adjustments for:_
Interest expense
Depreciation of tangible assets
_Movements in working capital:_
Decrease in trade and other debtors
(Decrease)/increase in trade and other creditors
Net cash (used in)/generated from operations|**2025**
**£**
(54,751)
1,675
51,060
3,728
(65,534)
(63,822)|**2024**
**£**
53,843
1,040
43,164
10,166
70,077|
|---|---|---|
|||178,290|
## 2. **Cash and cash equivalents**
Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:
|**2025**
**£**
Cash at bank and in hand
148,599
3.
**Analysis of changes in net funds**
**As at 1**
**September**
**2024**
**Cash flows**
**£**
**£**
Cash at bank and in hand
392,859
(244,260)|**2024**
**£**
392,859|
|---|---|
||**As at 31**
**August 2025**
**£**
148,599|
Page 15
## **Lifebridge ASEND Notes to the Financial Statements For The Year Ended 31 August 2025**
## 1. **General Information**
Lifebridge ASEND is a private company limited by guarantee, incorporated in England & Wales, registered number 09687513 and registered charity number 1172089. The registered office is Susan Issacs Building, Vernon Street, Bolton, BL1 2XN.
In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity
## 2. **Accounting Policies**
## 2.1. **Basis of Preparation of Financial Statements**
The financial statements 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 Companies Act 2006 and Charities Act 2011
The charitable company is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared under the historical cost convention, in sterling (functional currency), on a going concern basis. Amounts are rounded to the nearest £1.
## 2.2. **Going Concern Disclosure**
The trustees have assessed the charity’s ability to continue as a going concern for a period of at least twelve months from the date of approval of these financial statements.
In making this assessment, the trustees have considered the charity’s current financial position, available reserves, expected future income and expenditure, grant funding arrangements and cash flow forecasts.
The trustees consider that the charity has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.
## 2.3. **Significant judgements and estimations**
Critical accounting judgements and key sources of estimation uncertainty In preparing the financial statements, the trustees are required to make judgements, estimates and assumptions which affect the amounts recognised in the financial statements. The estimates and associated assumptions are based on historical experience and other factors considered relevant. Actual results may differ from these estimates.
The key estimates and judgements in these financial statements relate to the useful economic lives of tangible fixed assets, the allocation of costs between charitable activities and support costs, the recognition and deferral of grant income, and the recoverability of debtors.
The trustees review these judgements and estimates on an ongoing basis and revise them where necessary.
## 2.4. **Fund Accounting**
## General unrestricted fund
The general unrestricted fund represents funds available for use at the discretion of the trustees in furtherance of the charity’s general charitable objectives.
## Restricted funds
Restricted funds represent income received for specific purposes imposed by funders or donors. Expenditure is charged against restricted funds where it is incurred in accordance with the restrictions attached to the income. Transfers between funds are made where expenditure has satisfied the terms of a restricted fund, or where assets purchased from restricted funds are transferred for ongoing use by the charity in accordance with the charity’s accounting treatment.
## Restricted Fixed Asset funds
Restricted fixed asset funds represents income received for purchase of capital purchases imposed by the funders or donors
## Bolton Metropolitan Borough Council
This fund represents grant income received to support the delivery of the charity’s education, skills, independence and employability activities.
...CONTINUED
Page 16
## **Lifebridge ASEND Notes to the Financial Statements (continued) For The Year Ended 31 August 2025**
## 2.4. **Fund Accounting - continued**
Department for Education
This fund represents restricted funding received for capital and/or project purposes in accordance with the funding conditions.
Depreciation reserve / fixed asset restricted funds
Where capital assets have been acquired from restricted funds, the related fund balance is released or transferred in accordance with the charity’s accounting treatment as the restriction is satisfied.
## 2.5. **Incoming Resources**
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.
Grant income is recognised when the charity has entitlement to the grant, any performance-related conditions have been met and the income can be measured reliably. Where grant income is received in advance of the related activity, or where performance conditions have not yet been met, the income is deferred and released to income in the period in which the related activity is delivered.
Income from charitable activities comprises income receivable in respect of services and activities provided in furtherance of the charity’s charitable objectives, including education, skills and employability programmes.
Donations and other voluntary income are recognised when received or when the charity has entitlement to the income.
Government Grant Income Accounting Policy
Government grants are recognised as income when the charity has entitlement to the grant, receipt is probable and the amount can be measured reliably.
Where a grant contains performance-related conditions, income is recognised only when those conditions have been met. Amounts received before the recognition criteria are satisfied are included within creditors as deferred income.
Grants are classified as restricted funds where the donor has specified how the funds must be used. Grants without such restrictions are credited to unrestricted funds.
Government grants relating to the purchase of fixed assets are recognised as income in accordance with the above policy. The related assets are capitalised and depreciated over their estimated useful economic lives
## 2.6. **Resources Expended**
Expenditure is recognised on an accruals basis once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount can be measured reliably.
Expenditure is classified between costs of raising funds and expenditure on charitable activities. Expenditure on charitable activities includes the direct costs of delivering the charity’s programmes and services, together with an allocation of support costs.
Governance costs comprise the costs associated with the governance arrangements of the charity and compliance with constitutional and statutory requirements, including audit and professional fees.
## 2.7. **Tangible Fixed Assets and Depreciation**
Tangible fixed assets are initially recognised at cost and are subsequently measured at cost less accumulated depreciation and any accumulated impairment losses. Cost includes the original purchase price and any costs directly attributable to bringing the asset into working condition for its intended use.
Individual fixed assets costing more than £150 are capitalised. Items below this amount are charged to expenditure in the year of purchase unless they form part of a larger capital project.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their estimated residual value over their estimated useful economic lives. Depreciation is provided on the following basis:
Leasehold property improvements: over the shorter of the lease term and estimated useful economic life Plant and equipment: over 5 years Fixtures and equipment: over 4 years Motor vehicles: over 3 years
The residual values, useful lives and depreciation methods are reviewed annually.
Page 17
## **Lifebridge ASEND Notes to the Financial Statements (continued) For The Year Ended 31 August 2025**
Leasehold Property Improvements 20 years Straight line Plant & Machinery 5 years Straight line Motor Vehicles 3 years Straight line Fixtures & Fittings 4 years Straight line
## 2.8. **Leasing and Hire Purchase Contracts**
Rentals payable under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the lease term.
The charity occupies the Susan Isaacs building under a 28-year lease agreement with The Borough Council of Bolton dated 28 March 2024. The lease is at a peppercorn rent, if demanded. The charity is responsible for insurance, rates and utilities on demand. As the rent is peppercorn and no rent was paid in the year, no lease rental expense has been recognised in the Statement of Financial Activities.
Any future commitments in respect of non-cancellable operating leases are disclosed in the notes to the financial statements.
## 2.9. **Cash and Cash Equivalents**
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
## 2.10. **Support cost allocation**
Support costs are those costs which assist the work of the charity but do not directly undertake charitable activities. They include management, administration, finance, premises, IT, HR and other central support costs.
Support costs are allocated to charitable activities and, where applicable, raising funds on a basis consistent with the use of resources. Costs are allocated directly where possible, with shared costs apportioned on a reasonable basis such as staff time, headcount, usage or another basis considered appropriate by the trustees.
## 2.11. **Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid.
Debtors are reviewed for recoverability and any impairment is recognised where there is objective evidence that the amount may not be recoverable.
## 2.12. **Creditors and accruals**
Creditors and accruals are recognised where the charity has a present obligation resulting from a past event and it is probable that a transfer of economic benefit will be required to settle the obligation.
Creditors and accruals are measured at the settlement amount due.
## 3. **Income from Donations and Legacies**
|Donations and gifts
.
**Income from Charitable Activities**
**Unrestricted**
**funds**
**£**
Education, support and development services for young people and adults
with SEND
145,689|**2025**
**Unrestricted**
**funds**
**£**
264|**2024**
**Unrestricted**
**funds**
**£**
968|
|---|---|---|
||**Restricted**
**funds**
**£**
954,258|**2025**
**Total**
**funds**
**£**
1,099,947|
## 4. **Income from Charitable Activities**
Page 18
## **Lifebridge ASEND Notes to the Financial Statements (continued) For The Year Ended 31 August 2025**
||||**2024**|
|---|---|---|---|
||**Unrestricted**|**Restricted**|**Total**|
||**funds**|**funds**|**funds**|
||**£**|**£**|**£**|
|Education, support and development services for young people and adults
with SEND|196,533|777,255|973,788|
## Income from charitable activities
Income from charitable activities comprises income receivable in relation to the charity’s principal activities, including education and skills provision, employability programmes, Lifebridge Plus services and associated grant-funded activities.
Grant income is recognised when the charity is entitled to the income and any performance-related conditions have been met. Income received in advance of the period in which the related services are delivered is deferred.
## **Charitable Income Heading Fund treatment**
Bolton Metropolitan Restricted
Education and Skills Funding Agency Restricted Department for Education Restricted Lifebridge Plus Unrestricted Other Charitable activity income As applicable
## 5. **Income from Other Trading Activities**
|Cafe and Breakfast club income
Other income|**2025**
**Unrestricted**
**funds**
**£**
1,550
868|**2024**
**Unrestricted**
**funds**
**£**
-
754|
|---|---|---|
||2,418|754|
## 6. **Government Grants**
Government grants recognised in the accounts were as follows:
|Bolton LA
Department for Education
DFE Capital Grant|**2025**
**£**
363,496
557,275
32,883|**2024**
**£**
276,810
469,382
31,063|
|---|---|---|
||953,654|777,255|
## 7. **Net Income/(Expenditure)**
The net (expenditure)/income is stated after charging/(crediting):
|he net (expenditure)/income is stated after charging/(crediting):|||
|---|---|---|
||**2025**|**2024**|
||**£**|**£**|
|Depreciation of tangible fixed assets - owned|51,060|43,164|
Page 19
**Lifebridge ASEND Notes to the Financial Statements (continued) For The Year Ended 31 August 2025**
## 8. **Analysis of Expenditure**
|.
**Analysis of Expenditure**||||
|---|---|---|---|
|Education, support and development services for young people and adults
with SEND
Raising funds
Education, support and development services for young people and adults
with SEND|**Activities**
**undertaken**
**directly**
**£**
938,058|**Support**
**costs**
(see note 9)
**£**
219,322|**2025**
**Total**
**£**
1,157,380|
||**Activities**
**undertaken**
**directly**
**£**
137
745,299|**Support**
**costs**
(see note 9)
**£**
-
176,231|**2024**
**Total**
**£**
137
921,530|
||745,436|176,231|921,667|
## Expenditure on charitable activities
Expenditure on charitable activities comprises costs incurred in delivering the charity’s services and activities for its beneficiaries, including education, employability and independence programmes.
Direct costs are allocated to the activity to which they relate. Support costs are allocated between activities on a reasonable basis, including staff time, usage, headcount or another basis considered appropriate by the trustees.
## **Activity**
Lifebridge Plus Independence Pathway Employability Pathway
## 9. **Support Costs**
|.
**Support Costs**||
|---|---|
|Employee costs
Premises expenses
General administration
Depreciation|**2025**
**Education,**
**support and**
**development**
**services for**
**young**
**people and**
**adults with**
**SEND**
**£**
3,117
38,536
126,609
51,060|
||219,322|
Page 20
## **Lifebridge ASEND Notes to the Financial Statements (continued) For The Year Ended 31 August 2025**
|Employee costs
Premises expenses
General administration
Depreciation
Audit and Independent Examination Services
Accountancy and Professional Fees|**2025**
**£**
8520
2222
10,742||**2024**
**Education,**
**support and**
**development**
**services for**
**young**
**people and**
**adults with**
**SEND**
**£**
2,054
40,199
90,814
43,164|
|---|---|---|---|
||||176,231|
||||**2024**
**£**
2448
13436
15,884|
|||||
## 10. **Auditor's Remuneration**
During this year we have audit fees of £8,520.
In the prior year it was an Independent Examination which the charity incurred fees payable of £2448
|During this year we have audit fees of £8,520.
n the prior year it was an Independent Examination which the charity|incurred fees payable of £2448||
|---|---|---|
||**2025**|**2024**|
||**£**|**£**|
|**Audit Services**|||
|Audit of the company's financial statements|8,520|2,448|
_These figures are for Audit and Independent Examination Services_
## 11. **Staff Costs**
The charity does not directly employ the majority of staff involved in delivering its activities. Staff are seconded from Rumworth School and recharged to the charity. The recharge reflects the costs incurred in providing staff to deliver the charity’s activities. This arrangement enables the charity to access appropriate staffing and expertise while maintaining transparency over the costs of service delivery.
Staff costs disclosed in these financial statements include amounts recharged by Rumworth School in respect of staff services provided to the charity.
||**2025**|**2024**|
|---|---|---|
||**£**|**£**|
|Wages and Salaries|633,279|520,691|
|Employers National Insurance|71,623|52,177|
|Pension Contributions|158,006|123,442|
|Total Costs|862,908|696,310|
Page 21
## **Lifebridge ASEND Notes to the Financial Statements (continued) For The Year Ended 31 August 2025**
## 12. **Average Number of Employees**
Average number of staff during the year was: 21 (2024: 20)
## 13. **Prior Period Errors**
## **Deferred Income**
During the year, the trustees identified that grant income had previously been deferred although the charity had satisfied the relevant income-recognition criteria and there were no outstanding performance-related conditions. The comparative figures have therefore been restated to remove the deferred income liability.
An adjustment of £46,262 has been made to increase the opening balance of restricted funds at 1 September 2023. As the deferred income balance had reduced to £45,658 by 31 August 2024, income and the net movement in funds for the comparative year have been reduced by £604. Consequently, deferred income at 31 August 2024 has been reduced by £45,658, with a corresponding increase in restricted funds and total net assets.
## **Capital Income**
In addition, capital income of £31,063, relating to assets held for restricted charitable purposes, was previously included within the charity’s general restricted income funds. This balance has been reclassified to a restricted fixed asset fund to reflect the nature and continuing restriction of the underlying assets. This reclassification has no effect on total restricted funds, total net assets, income or expenditure.
The effect of the prior period adjustment is as follows:
|Financial Statement Item|Previously Reported
£|Deferred income
correction £|Fund reclassification
£|31st Aug 2024
Restated £|
|---|---|---|---|---|
|Opening restricted funds at
01/09/2023|191,820|46,262|55,248|293,330|
|Income for the year ended 31/08/2024|976,114|(604)||975,510|
|Net income/ movement in funds for the
year ending 31/08/2024|54,445|(604)||53,841|
|Deferred income at 31/08/2024|45,658|-45,658||0|
|Restricted fixed asset fund at
31/08/2024|||81,900|81,900|
|Total restricted funds at 31/08/2024|205,584|45,658|81,900|333,142|
|Total funds/ net assets at 31/08/2024|316,437|45,658||362,096|
## **Charitable Activities Expenditure**
The difference between the unrestricted and restricted fund brought forward is the £24,802 depreciation being credited from unrestricted to restricted due to the reclassification of the fixed assets from the general unrestricted fund to the restricted fixed asset fund
## 14. **Tangible Assets**
|**Cost**
As at 1 September 2024
Additions
As at 31 August 2025|**Land &**
**Property**
**Leasehold**
**Property**
**Improvements**
**£**
-
136,317|**Plant &**
**Machinery**
**£**
161,572
38,853|**Motor**
**Vehicles**
**£**
37,782
-|**Fixtures &**
**Fittings**
**£**
38,563
3,593|**Total**
**£**
237,917
178,763
416,680
...CONTINUED|
|---|---|---|---|---|---|
||136,317|200,425|37,782|42,156||
|||||||
Page 22
## **Lifebridge ASEND Notes to the Financial Statements (continued) For The Year Ended 31 August 2025**
|**Depreciation**
As at 1 September 2024
Provided during the period
As at 31 August 2025
**Net Book Value**
As at 31 August 2025
As at 1 September 2024|-
4,428|53,208
36,762|37,782
-|18,335
9,870|109,325
51,060|
|---|---|---|---|---|---|
||4,428|89,970|37,782|28,205|160,385|
||131,889|110,455|-|13,951|256,295|
||-|108,364|-|20,228|128,592|
Additions to leasehold property improvements relate to capital works carried out to the Susan Isaacs building, which is occupied by the charity under a long-term lease. Depreciation on these additions has been charged within leasehold property improvements over the expected useful economic life of the improvements, being no longer than the remaining lease term.
## 15. **Debtors**
|**Due within one year**
Trade debtors
Other debtors
16.
**Creditors: Amounts Falling Due Within One Year**
Trade creditors
Accruals and deferred income|**2025**
**£**
998
10,954
11,952
**2025**
**£**
82,863
27,242
110,105|**2024**
**£**
8,622
7,058|
|---|---|---|
|||15,680|
|||**2024**
**£**
121,139
54,500|
|||175,639|
## 17. **Other Commitments**
## Operating lease commitments
On 28 March 2024, the charity entered into a 28-year lease agreement with The Borough Council of Bolton for the Susan Isaacs building. The lease is at a peppercorn rent, if demanded. The charity is responsible for insurance, rates and utilities on demand. No rent was payable or paid during the year. The lease expires on 27 March 2052.
## 18. **Movement in Funds**
|8.
**Movement in Funds**||||||
|---|---|---|---|---|---|
||**As at 1**|||||
||**September**||||**As at 31**|
||**2024**|**Income**|**Expenditure**|**Transfers**|**August 2025**|
||**£**|**£**|**£**|**£**|**£**|
|**Unrestricted funds**||||||
|General:||||||
|General unrestricted fund|28,954|148,371|(170,288)|-|7,037|
|**Restricted funds**||||||
|Restricted Funds|250,638|921,375|(959,746)|-|212,267|
||||||...CONTINUED|
Page 23
## **Lifebridge ASEND Notes to the Financial Statements (continued) For The Year Ended 31 August 2025**
|Restricted Fixed Asset
DFE Capital Income
**Total restricted funds**
**Total funds**
**Unrestricted funds**
General:
General unrestricted fund
**Restricted funds**
Restricted Funds
Restricted Fixed Asset
DFE Capital Income
**Total restricted funds**
**Total funds**|81,900
-|-
32,883|(27,346)
-|32,883
(32,883)|87,437
-|
|---|---|---|---|---|---|
||332,538|954,258|(987,092)|-|299,704|
|||||||
||361,492|1,102,629|(1,157,380)|-|306,741|
||**As at 1**
**September**
**2023**
**£**
14,319
217,691
55,854
19,785|**Income**
**£**
198,255
746,192
-
31,063|**Expenditure**
**£**
(183,620)
(713,245)
(24,802)
-|**Transfers**
**£**
-
-
50,848
(50,848)|**As at 31**
**August 2024**
**£**
28,954
250,638
81,900
-|
||293,330|777,255|(738,047)|-|332,538|
|||||||
||307,649|975,510|(921,667)|-|361,492|
The trustees have reviewed the classification of School Condition Allocation (SCA) and other DfE capital funding. It was concluded that balances relating to assets funded by SCA and DfE capital grants are more appropriately presented within a restricted Capital Income fund. Accordingly, a transfer of £31,063 has been made from restricted funds to restricted DFE Capital Income Funds in the year ended 31 August 2024. This reclassification has no impact on total funds, net assets or the results for the prior year. In the year ended 31 August 2024, as reclassified, and 31 August 2025 capital grant income has been reflected within the restricted fixed asset fund.
The movement from the DFE Capital Income to the Restricted Fixed Asset fund occurs as the grant is spent
The 2024 funds are restated as per note 13
## 19. **Transactions with Trustees**
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.
No trustee expenses have been incurred.
Page 24
## **Lifebridge ASEND Notes to the Financial Statements (continued) For The Year Ended 31 August 2025**
## 20. **Related Party Disclosures**
Related party transactions
Rumworth School is considered a related party due to the close working relationship between the charity and the school, and because staff involved in delivering the charity’s activities are seconded from Rumworth School. During the year, Rumworth School recharged staff costs and other costs to the charity in respect of services provided to support the delivery of the charity’s activities. These recharges were made on a cost-recovery basis and in the ordinary course of operations.
Jennifer Dunne is the head teacher of Rumworth and also a Trustee of Lifebridge Asend Caroline Dawson is the Deputy head teacher of Rumworth and also a Trustee of Lifebridge Asend Josh and Hope Hutchby are the son and daughter of Caroline Dawson
|Related party transaction|**2025**|**2024**|
|---|---|---|
|Staff costs recharged|£910,906|£724,917|
|Management fee|£50,573|£32,500|
|Other Charges|£2,114|£1,094|
|Amount outstanding at year end for Rumworth School staff charges|£79,051|£116,976|
## **Josh Hutchby and Hope Hutchby**
Son and daughter of Caroline Dawson, Trustee and Director of Lifebridge Asend
Amounts paid in the financial years 23-24 (£0 for both Josh and Hope) 24-25 (Josh £0 and Hope £7,928).
Josh and Hope are employed through Rumworth School and Caroline was not involved in their recruitment to Rumworth School and was not involved in the recruitment for the part-time, fixed term posts that each hold at LifeBridge ASEND The recruitment process for the permanent posts that both Josh and Hope were recruited to at Rumworth School followed the standard Rumworth recruitment process of interviews and tasks carried out by members of the senior leadership team. As part of the Rumworth staff team, both Josh and Hope were included in the allstaff emails detailing subsequent posts that were advertised for LifeBridge.
LifeBridge ASEND have a Service Level Agreement in place with Rumworth School that includes HR support for recruitment and onboarding to ensure any recruitment and subsequent contract and pay award is carried out appropriately.
## Recruitment of Josh Hutchby to LifeBridge ASEND post
Following an internal advert to all staff at Rumworth School and LifeBridge for two temporary fixed term, part-time teaching posts for September 2025 to August 2026 (to be based at LifeBridge), Josh then applied and was successfully recruited to a 0.4 post. As is the case for all posts at LifeBridge, Josh is employed there via Rumworth School with the payroll costs recharged to LifeBridge ASEND. Caroline was not involved in that recruitment process, which was carried out by other members of SLT.
## Recruitment of Hope Hutchby to LifeBridge ASEND post
Following an internal advert in December 2024 which went to all staff at Rumworth and LifeBridge and as an external advert on greater.jobs, for a temporary part-time fixed term TA4 post for the equivalent of two days (to be based at LifeBridge), Hope applied and was successfully recruited to a post for two days, starting on 27/01/2025 and agreed as Thursday and Friday as that fitted in best with her role as a TA2 at Rumworth which was needed Monday to Wednesday. As is the case for all posts at LifeBridge, Hope is employed there via Rumworth School with the payroll costs recharged to LifeBridge ASEND. Caroline was not involved in that recruitment process, which was carried out by other members of SLT.
Caroline has declared that Josh has been recruited to a post at LifeBridge, but this was from September 2025 therefore he does not show on the 24-25 salaries spreadsheet as was not employed at LifeBridge in the financial year that is being audited.
The pay of all successful candidates for all posts at Rumworth, including those staff deployed to LifeBridge, is determined by Bolton Council associated pay scale and the Rumworth headteacher according to the teacher's relevant point on the national teacher pay scales (with any relevant pro-rata for part-time posts then being applied).
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## **Lifebridge ASEND Notes to the Financial Statements (continued) For The Year Ended 31 August 2025**
## 21. **Company limited by guarantee**
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £10.
## 22. **KMP disclosure and higher paid employees**
## Key management personnel
The trustees consider the key management personnel of the charity to comprise the trustees and the senior management team. The total employee benefits, including employer pension and employer national insurance contributions, of the key management personnel were £112,476 (2024: £102,432).
## For higher paid staff charges:
The number of staff whose salary benefits, excluding employer pension contributions, exceeded £60,000 was as follows:
|Band
£60,001 - £70,000
£70,001 - £80,000
£80,001 - £90,000
£90,001 - £100,000|**2024**
1
1
0
0
2|**2025**
0
1
1
0|
|---|---|---|
|||2|
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