|**Bridge Institute**|||**Income Statement**||**Year ended June 2024**| |---|---|---|---|---|---| |**Income from:**|**Note**||**Unrestricted**|**Restricted**|**Total**| |Donations|||156,240||156,240| |Grants||||331,866|331,866| |Other|||12,980||12,980| |**Total Income**||**2**|**169,220**|**331,866**|**501,086**| |**Expenditure on:**|||||| |Charitable activities|||(14,077)|(337,390)|(351,467)| |Cost of generating voluntary|||||| |funding|||(73,732)||(73,732)| |Governance & Support Costs|||(13,617)||(13,617)| |Trustee, Staff, Associates &|||||| |Volunteer Development|||(28,800)||(28,800)| |**Total Expenditure**||3|**(130,226)**|**(337,390)**|**(467,615)**| |**Net income/(expenditure)**|||**38,994**|**(5,524)**|**33,471**| |**Transfer between funds**|||**(5,524)**|**5,524**|**0**| |**Net Movement in funds**|||**33,471**|**0**|**33,471**| |**Bridge Institute**|**Balance Sheet**|**Year ended June 2024**| |---|---|---| |**Current Assets**|£|| |Debtors|52,619|| |Bank|17,640|| |**Total Current Assets**|**70,259**|| |**Creditors**|**(31)**|| |**Net Current Assets**|**70,228**|| |**Funds**||| |Restricted Funds||| |not in deficit|0|| |in deficit|0|| |Total unrestricted funds|0|| |Unrestricted Funds|**70,228**|| |**Total Funds**|**70,228**|| ## **Bridge Institute** ## **Notes to the Accounts Year ended June 2024** ## **1. Accounting Policies** The principal accounting policies adopted. Judgements and key sources of estimation uncertainity in the preparation of the financial statements are as follows: ## **Basis of preparation** These financial statements have been prepared on a going concern basis in accordance with the Charitite Act 2011, 'The statement of recommended practice (FRS 102) - Charities SORP (FRS 102) second edition October 2019 and all applicable United Kingdom accounting standards. ## **Company Status** Bridge Institute is a Charitable Incorporated Organisation registered charity in England and Wales (number 1174490). Bridge Institute is governed by acharitable constitution and has 7 Trustees at 30 June 24 ## **Going Concern** Bridge Institute's income is from grants and donations. They are a combination of restricted and unrestricted funds. In 23/24, unrestricted funds represented 66% of total income (£501,807) with the remaining 34% being unrestricted Annual budgets and forecasts are prepared to ensure that adequate funding is in place to deliver charitable activitires for the coming year. In addition, the Trustees formulate plans and strategy for future operations of the organisation beyond the period formal budgets and forecasts have been prepared Ongoing liquidity of the Institute is dependent on the following: The ability to maintain sufficient unrestricted funding to cover total operating costs. Timely and full recipts of funds from restricted sources, where they are received in arrears The ability to recover operating costs from restricted agreements. The Trustees and Management of the Institute will continue to review and monitor the financials with financial forecasting being frequently updated. With regard to the above, The Trustees believe it appropriate to adopt the going concern basis of accounting in preparing the financial statements. ## **Income** All income is accounted for on receipt. However if in the future any income relates to a specific future period, it will be recorded as deferred. There was no deferred income in 23/24 ## **Expenditure** Liabilites are recognised as expenditure on an accruals basis All expenses currently include irrecoverable VAT as the Institute as at 30 June 24 is not VAT registered. ## **Fund Accounting** Unrestricted funds are donations and other income received for the general expenditure on the objects of the Institute Designated funds are unrestricted funds that the Trustees have allocated to particular projects for the time being. Restricted funds are used for specific purposes laid down by the donor. Expenditure for those putposes are charged to that fund, togther with a fair allocation of overheads and support costs, where this is permitted by the donor. ## **Foreign Currency** Transactions in foreign currencies are translated at the exchange rate ruling at the date of the transaction. ## **Retirement Benefits** The Institute has a registered Workplace pension scheme ## **2. Donations and grants** _see funds statement_ ## **3. Expenditure** _see expense analysis_ ## **Bridge Institute** ## **Funds Statement** ## **Year ended June 2024** |**Restricted**|**Income**|**Expenditure**||**Tfr**|**Balance**| |---|---|---|---|---|---| |UAE Carbon Gap|253,416|(201,611)|(47,000)|(4,804)|0| |Philippine Healthcare (Getz)|49,658|(30,969)|(16,671)|(2,018)|(0)| |AVPN Jugaad|10,325|(12,025)||1,700|0| |Plant Rich|18,467|(8,482)|(9,985)|(0)|(0)| |Odisha (IBM)|0|(10,646)||10,646|0| |**Restricted Total**
**Unrestricted**
**_Designated_**
ACM
Unilever
Holcim
Camden
BNP Parabas
Oxford University
_Not Designated_
Doogood Foundation
Reimbusement|**331,866**
**Income**
299
7,358
1,943
0
0
0
156,240
3,381|**(263,734)**|**(73,656)**|**5,524**|**0**| |**Unrestricted Total**|**169,220**||||| |**Total**|**501,086**||||| |restricted|66.23%||||| |Unrestricted|33.77%||||| ## **Bridge Institute** ## **Expenses Analysis** ## **Year ended June 2024** |**Analysis of Support Costs**
Salaries
AVPN Membership
Administrator
Bank Charges
IT
Marketing
Travel & Subsistence
Telephone & Zoom
Trustee, Staff, Associates & Volunteer
Development
Legal
**Total Support Costs**
**Expenditure on restricted projects**
**Total Expenditure**|**Charitable**
**Activities**
**Cost of**
**generating**
**voluntary**
**Income**
**Governance &**
**Support Costs**
**Trustee,**
**Staff,**
**Associates**
**& Volunteer**
**Developmen**
**t**
**Total**
82,704
55,498
20,000
**158,202**
4,202
**4,202**
12,936
**12,936**
115
**115**
525
**525**
5,921
**5,921**
6,237
**6,237**
1,874
**1,874**
8,800
**8,800**
41
**41**
**82,704**
**73,732**
**13,617**
**28,800**
**198,853**
**268,763**
**0**
**0**
**0**
**268,763**
**351,466**
**73,732**
**13,617**
**28,800**
**467,615**| |---|---| ## **Notes** Contracted support Bank charges including international Microsoft licenses etc. Website, preparation of materials for workshops etc. Travel & subsistence - UK & Global Contracted associates, travel, subsistence, hotels, stationery etc. ## **Bridge Institute** ## **Trustee Annual Report** ## **Year ended June 2024** We remain steadfastly behind the purpose of Bridge Institute, which remains To promote a more sustainable, peaceful and fairer world for everyone by bringing together the key stakeholders, equipping them with the required leadership skills and facilitating them through a breakthrough strategy and execution process to solving the significant challenges of our time, as set out in United Nation's sustainable Development Goals We continue to further this by bringing togther key stakeholders to collaborate in addressing their shared scoietal challenges The enablement of their personal and collective capacity to lead in partnership, collaborate and problem solve to tackle their shared societal challenge Promoting the involvement of the world’s leading experts to contribute to thinking and problem solving of shared societal challenge Advancing large scale mind set shifts from a narrative of anger, criticism and violence towards empathy, integrative thinking, and compassion Promoting the involvement of the world’s leading experts to contribute to thinking and problem solving of shared societal challenge Advancing large scale mind set shifts from a narrative of anger, criticism and violence towards empathy, integrative thinking, and compassion Advancing brokerage between businesses and communities to creating sustainable business models that enable prosperity All activities will be balanced and shall maintain or enhance the Institute’s commitment to remain impartial Bridge Institute continues to work tirelessly in pursuit of its vision . Notable achievements in Year ending June24 Start of work in relation to Carbon Removal in UAE Philippines Healthcare Programme Started to talk about Phillipines TB prevention programme Working IBM Skills Maker Programme AVPN Jugaad Plant Rich Camden Council Unilever BNP Parabas We continue to plan for the future to expand the work and reach of Bridge Institute. This includes developing skills amongst our present family of staff, associates and volunteers needed to further our work. We continue to evaluate each project on a cost/value basis ensuring that we have enough available resources to have the impact and outcomes we aspire to. Following the great starts the Institute has achieved in 2324, We have decided to intensify the Carbon removal iniative and the work with the Phillipine Healthcare system in 2425. |**Bridge Institute**|||**Income Statement**||**Year ended June 2024**| |---|---|---|---|---|---| |**Income from:**|**Note**||**Unrestricted**|**Restricted**|**Total**| |Donations|||156,240||156,240| |Grants||||331,866|331,866| |Other|||12,980||12,980| |**Total Income**||**2**|**169,220**|**331,866**|**501,086**| |**Expenditure on:**|||||| |Charitable activities|||(14,077)|(337,390)|(351,467)| |Cost of generating voluntary|||||| |funding|||(73,732)||(73,732)| |Governance & Support Costs|||(13,617)||(13,617)| |Trustee, Staff, Associates &|||||| |Volunteer Development|||(28,800)||(28,800)| |**Total Expenditure**||3|**(130,226)**|**(337,390)**|**(467,615)**| |**Net income/(expenditure)**|||**38,994**|**(5,524)**|**33,471**| |**Transfer between funds**|||**(5,524)**|**5,524**|**0**| |**Net Movement in funds**|||**33,471**|**0**|**33,471**| |**Bridge Institute**|**Balance Sheet**|**Year ended June 2024**| |---|---|---| |**Current Assets**|£|| |Debtors|52,619|| |Bank|17,640|| |**Total Current Assets**|**70,259**|| |**Creditors**|**(31)**|| |**Net Current Assets**|**70,228**|| |**Funds**||| |Restricted Funds||| |not in deficit|0|| |in deficit|0|| |Total unrestricted funds|0|| |Unrestricted Funds|**70,228**|| |**Total Funds**|**70,228**|| ## **Bridge Institute** ## **Notes to the Accounts Year ended June 2024** ## **1. Accounting Policies** The principal accounting policies adopted. Judgements and key sources of estimation uncertainity in the preparation of the financial statements are as follows: ## **Basis of preparation** These financial statements have been prepared on a going concern basis in accordance with the Charitite Act 2011, 'The statement of recommended practice (FRS 102) - Charities SORP (FRS 102) second edition October 2019 and all applicable United Kingdom accounting standards. ## **Company Status** Bridge Institute is a Charitable Incorporated Organisation registered charity in England and Wales (number 1174490). Bridge Institute is governed by acharitable constitution and has 7 Trustees at 30 June 24 ## **Going Concern** Bridge Institute's income is from grants and donations. They are a combination of restricted and unrestricted funds. In 23/24, unrestricted funds represented 66% of total income (£501,807) with the remaining 34% being unrestricted Annual budgets and forecasts are prepared to ensure that adequate funding is in place to deliver charitable activitires for the coming year. In addition, the Trustees formulate plans and strategy for future operations of the organisation beyond the period formal budgets and forecasts have been prepared Ongoing liquidity of the Institute is dependent on the following: The ability to maintain sufficient unrestricted funding to cover total operating costs. Timely and full recipts of funds from restricted sources, where they are received in arrears The ability to recover operating costs from restricted agreements. The Trustees and Management of the Institute will continue to review and monitor the financials with financial forecasting being frequently updated. With regard to the above, The Trustees believe it appropriate to adopt the going concern basis of accounting in preparing the financial statements. ## **Income** All income is accounted for on receipt. However if in the future any income relates to a specific future period, it will be recorded as deferred. There was no deferred income in 23/24 ## **Expenditure** Liabilites are recognised as expenditure on an accruals basis All expenses currently include irrecoverable VAT as the Institute as at 30 June 24 is not VAT registered. ## **Fund Accounting** Unrestricted funds are donations and other income received for the general expenditure on the objects of the Institute Designated funds are unrestricted funds that the Trustees have allocated to particular projects for the time being. Restricted funds are used for specific purposes laid down by the donor. Expenditure for those putposes are charged to that fund, togther with a fair allocation of overheads and support costs, where this is permitted by the donor. ## **Foreign Currency** Transactions in foreign currencies are translated at the exchange rate ruling at the date of the transaction. ## **Retirement Benefits** The Institute has a registered Workplace pension scheme ## **2. Donations and grants** _see funds statement_ ## **3. Expenditure** _see expense analysis_ ## **Bridge Institute** ## **Funds Statement** ## **Year ended June 2024** |**Restricted**|**Income**|**Expenditure**||**Tfr**|**Balance**| |---|---|---|---|---|---| |UAE Carbon Gap|253,416|(201,611)|(47,000)|(4,804)|0| |Philippine Healthcare (Getz)|49,658|(30,969)|(16,671)|(2,018)|(0)| |AVPN Jugaad|10,325|(12,025)||1,700|0| |Plant Rich|18,467|(8,482)|(9,985)|(0)|(0)| |Odisha (IBM)|0|(10,646)||10,646|0| |**Restricted Total**
**Unrestricted**
**_Designated_**
ACM
Unilever
Holcim
Camden
BNP Parabas
Oxford University
_Not Designated_
Doogood Foundation
Reimbusement|**331,866**
**Income**
299
7,358
1,943
0
0
0
156,240
3,381|**(263,734)**|**(73,656)**|**5,524**|**0**| |**Unrestricted Total**|**169,220**||||| |**Total**|**501,086**||||| |restricted|66.23%||||| |Unrestricted|33.77%||||| ## **Bridge Institute** ## **Expenses Analysis** ## **Year ended June 2024** |**Analysis of Support Costs**
Salaries
AVPN Membership
Administrator
Bank Charges
IT
Marketing
Travel & Subsistence
Telephone & Zoom
Trustee, Staff, Associates & Volunteer
Development
Legal
**Total Support Costs**
**Expenditure on restricted projects**
**Total Expenditure**|**Charitable**
**Activities**
**Cost of**
**generating**
**voluntary**
**Income**
**Governance &**
**Support Costs**
**Trustee,**
**Staff,**
**Associates**
**& Volunteer**
**Developmen**
**t**
**Total**
82,704
55,498
20,000
**158,202**
4,202
**4,202**
12,936
**12,936**
115
**115**
525
**525**
5,921
**5,921**
6,237
**6,237**
1,874
**1,874**
8,800
**8,800**
41
**41**
**82,704**
**73,732**
**13,617**
**28,800**
**198,853**
**268,763**
**0**
**0**
**0**
**268,763**
**351,466**
**73,732**
**13,617**
**28,800**
**467,615**| |---|---| ## **Notes** Contracted support Bank charges including international Microsoft licenses etc. Website, preparation of materials for workshops etc. Travel & subsistence - UK & Global Contracted associates, travel, subsistence, hotels, stationery etc. ## **Bridge Institute** ## **Trustee Annual Report** ## **Year ended June 2024** We remain steadfastly behind the purpose of Bridge Institute, which remains To promote a more sustainable, peaceful and fairer world for everyone by bringing together the key stakeholders, equipping them with the required leadership skills and facilitating them through a breakthrough strategy and execution process to solving the significant challenges of our time, as set out in United Nation's sustainable Development Goals We continue to further this by bringing togther key stakeholders to collaborate in addressing their shared scoietal challenges The enablement of their personal and collective capacity to lead in partnership, collaborate and problem solve to tackle their shared societal challenge Promoting the involvement of the world’s leading experts to contribute to thinking and problem solving of shared societal challenge Advancing large scale mind set shifts from a narrative of anger, criticism and violence towards empathy, integrative thinking, and compassion Promoting the involvement of the world’s leading experts to contribute to thinking and problem solving of shared societal challenge Advancing large scale mind set shifts from a narrative of anger, criticism and violence towards empathy, integrative thinking, and compassion Advancing brokerage between businesses and communities to creating sustainable business models that enable prosperity All activities will be balanced and shall maintain or enhance the Institute’s commitment to remain impartial Bridge Institute continues to work tirelessly in pursuit of its vision . Notable achievements in Year ending June24 Start of work in relation to Carbon Removal in UAE Philippines Healthcare Programme Started to talk about Phillipines TB prevention programme Working IBM Skills Maker Programme AVPN Jugaad Plant Rich Camden Council Unilever BNP Parabas We continue to plan for the future to expand the work and reach of Bridge Institute. This includes developing skills amongst our present family of staff, associates and volunteers needed to further our work. We continue to evaluate each project on a cost/value basis ensuring that we have enough available resources to have the impact and outcomes we aspire to. Following the great starts the Institute has achieved in 2324, We have decided to intensify the Carbon removal iniative and the work with the Phillipine Healthcare system in 2425. CHARITY COMMISSION FOR ENGIAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Charili Name Bridge Institute On accounts for the year ended June 2024 Charlty no (If any) 1174490 Set out on pages Ic- Inciuae ihe page i)u[fi￿&￿s 01 I report to the trustees on my examination of the accounts of the above charity (Yhe Trust.) for the year ended Responslbllltles and basi8 of report As the charity's trustees, you are responsible for the preparation of the accounts in accordan￿ with the requirements of the Charities Act 2011 ('the Acr). I report in respect of my examinalion of the Trust's accounts cairied out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5){b) of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection wth the examination (other than that disclosed below ") which gives me cause to believe that in. any material respect: the accounting records were not kept in accordance with section 130 of the Charities Act. or the accounts did not accord with the accounting records., or the accounts did nol comply with the applicable requirements concerning the form and content of aGcounts 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 in order to enable a proper understanding of the accounts to be reached. Please lete words in the brackets if they do not apply. Signed: Date: 29.04.2025 Name: Jessica Martin-wells Relevant professlonal qualification(s) or body (if any): CIMA L-5FIOX Address: 6 MORTIMER ROAD COCKFIELD, SUFFOLK IER Oct 2018 IP30 OJZ Section B Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charty accounts: directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose. IER Oct 2018