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← The Bridge Project

2025-03-31-accounts

The Bridge Project

Trustees’ Annual Report and Financial Statements

31st March 2025

35 Salem Street Bradford West Yorkshire BD1 4QH

Registered Charity No. 517356 Company Limited by Guarantee No. 01946704

Contents

Trustees Annual Report 2
Objectives and Activities 2
Review of Achievements and Performance 5
Plans for the Future 15
Financial Review 16
Governance, Trustees and Stakeholders 18
Organisational Policies 20
Statement of Trustees Responsibilities 22
Independent Auditor’s Report 23
Statement of Financial Activities 27
Balance Sheet 28
Statement of Cash Flows 29
Notes to the Financial Statements 30-43

Annual Report and Financial Statements 2024-25

The Bridge Project Registered Charity No 517356 Company Limited by Guarantee No 01946704

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Trustees’ Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act, submit their annual report and the audited financial statements for the year ended 31 March 2025. 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 Standards applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) in preparing the annual report and financial statements of the charity.

Objectives and Activities

Our Vision and Mission

Vision - A place where everyone can achieve a fulfilling life.

Mission - Our mission is to empower people experiencing multiple barriers to achieve positive change.

Our Objects

The objects of the charity are:

  1. To relieve sickness, poverty and promote social inclusion through the provision of treatment, care, rehabilitation, education and training services, social housing, and housing support, to persons or members of their families

  2. To provide the above object to people who:

  3. have been, or are, or are in danger of becoming substance misusers.

  4. have committed or are likely to commit crime.

  5. have been, or are, or are in danger of experiencing mental health conditions.

  6. have been, or are, or are in danger of becoming homeless.

  7. have been, or are, or are in danger of experiencing marginalisation, discrimination or social exclusion.

Our Approach

Bridge is a value driven organisation. The following strong values are at the heart of all we do as we believe in people’s ability to change and their right to high quality services:

Integrity Always doing the right thing.
Compassion Not judging the people who use our services, responding to them with
kindness and understanding.
Empowerment Enabling people to achieve their full potential.
Equitable Respecting each person’s uniqueness and treating them fairly.
Ambition Striving for excellence.
Sustainable Ensuring we are in for the long haul.
Boldness Willingness to take calculated risks and having courage to face challenges

The Bridge Project Registered Charity No 517356 Company Limited by Guarantee No 01946704

Annual Report and Financial Statements 2024-25

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Recovery is the common outcome all Bridge services aim to achieve. We define recovery as a journey of transformation enabling a person to live a meaningful life in a community of their choice while striving to achieve their full potential.

Our recovery statement outlines the principles driving our main activities in relation to building resilience and facilitating recovery:

We are a trauma informed workforce putting the welfare of the people we support at the heart of what we do and how we do it.

Annual Report and Financial Statements 2024-25

The Bridge Project Registered Charity No 517356 Company Limited by Guarantee No 01946704

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Summary of Activities

Who we serve

Bridge is a Bradford based charity that designs and delivers flexible services to people facing multiple disadvantages and experiencing a combination of problems. For many, these problems are shaped by longterm experiences of poverty, deprivation, trauma, abuse, and neglect manifesting in a combination of experiences including homelessness, substance misuse, domestic violence, contact with the criminal justice system and mental ill health. We work with individuals, families, partners, and communities to empower individuals to reduce harms and improve lives in a sustainable way.

Evidence led, person-centred, trauma informed service

Our quality case management systems, audit checks, safeguarding procedures and annual reviews are embedded in our service delivery which:

Main Activities

This report provides a summary of our main activities, our service delivery staffing size (Full Time Equivalent, FTE) and the people we have supported (caseload) across our:

Annual Report and Financial Statements 2024-25

The Bridge Project Registered Charity No 517356 Company Limited by Guarantee No 01946704

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Review of Achievements and Performance

We continue to live in uncertain times. A new government in office; ongoing pressures on public finances and services; and, for people needing our support, already challenging situations that are getting even harder. We’re seeing more people, in more complex circumstances, reaching out to us for help.

During the past 12 months we’ve adapted to this environment by reviewing the way our charity operates, and by continuing to deliver the best possible care for people who need our support. The year 2024/25 has been transformative for Bridge as we rolled out our 3-year Strategic Plan. We have expanded our systems, processes and governance to become more sophisticated in managing the increasing complexity and risk. We have established a new Board committee and internal governance framework, providing a platform for assurance, effective decision making and accountability at every level in the organisation.

Thankfully we were successful with the re-commissioning of some of our key services including i) the navigation service Lotus which provides specialist services for individuals at risk of or engaged in sex work and ii) One80, our young persons’ drug and alcohol support service. Our work with perpetrators (through IOM and MARAC) to prevent and stop the cycle of abuse has shown positive impact which we hope to develop further with our partners in the coming year.

Through listening to our people, alongside our commitment to develop services that wrap around the people we support, we have expanded our housing offer to provide more quality homes to those that most need them. These include people with the most complex lives, as well as people who are committed to abstaining from drugs and alcohol and need a safe therapeutic environment to sustain their recovery.

Our mission remains clear: to empower people experiencing multiple barriers to achieve positive change. Our vision is to be a place where everyone can achieve a fulfilling life. Throughout this report, we will look at our achievements through the lens of our mission and vision. You will see examples that demonstrate these are more than just aspirations - they are the guiding principles that shape everything we do at Bridge.

Finally, we thank all our passionate staff, volunteers and others who represent the people who use our services. It is their talent, dedication and hard work that allow us to achieve so much.

Annual Report and Financial Statements 2024-25

The Bridge Project Registered Charity No 517356 Company Limited by Guarantee No 01946704

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The Bridge Project Registered Charity No 517356 Company Limited by Guarantee No 01946704

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The Bridge Project Annual Report and Financial Statements 2024-25 Registered Charity No 517356 Company Limited by Guarantee No 01946704

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The Bridge Project Registered Charity No 517356 Company Limited by Guarantee No 01946704

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The Bridge Project Registered Charity No 517356 Company Limited by Guarantee No 01946704

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The Bridge Project Registered Charity No 517356 Company Limited by Guarantee No 01946704

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The Bridge Project Registered Charity No 517356 Company Limited by Guarantee No 01946704

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The Bridge Project Registered Charity No 517356 Company Limited by Guarantee No 01946704

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The Bridge Project Registered Charity No 517356 Company Limited by Guarantee No 01946704

Annual Report and Financial Statements 2024-25

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Plans for the Future

We will continue to deliver our new 3-year organisational strategy based on the learning and achievements to date, and through listening to our staff, stakeholders and the people we support.

The focus of our work will be to continue to apply what is happening locally, informed by our engagement in planning, strategy and leadership forums, and by opportunities brought through new funding, drug, alcohol, mental health and criminal justice strategies, to deliver innovative services and improve outcomes.

We will work as a collaborative partner with other agencies, with a focus on ensuring the welfare of the people we support is at the heart of everything we do. Looking ahead, from 1st April 2025, our MARAC and DRAM services will be integrated into a new, expanded perpetrator programme—Bradford RESET—marking a significant step forward in our collaborative efforts to address complex needs through systemic change.

It is our firm ambition to become a Registered Provider of social housing, and to secure significant social investment to provide quality homes to more people. We will build on our evidence-based navigator approach, to diversify and provide innovative services and solutions to meet the needs of new cohorts of people with complex lives. Already we are seeing the impact this approach has on reducing levels of reoffending in relation to domestic violence and we will continue to refine and evaluate this approach through our new RESET contract.

We will continue to invest in our central support services and digital transformation, ensuring we have the infrastructure and capacity to maintain safe and effective services of the highest quality. And we will reduce the proportion of our contractual income that is spent on overheads to improve our competitiveness and offer better value for money. To enable this, we will seek additional corporate sponsorship and raise our profile as a place-based charity that is dedicated to tackling the causes and consequences of social inequality and poverty in our region.

Jon Royle Chief Executive

Gordon Roscoe Vice Chair of Trustees

Annual Report and Financial Statements 2024-25

The Bridge Project Registered Charity No 517356 Company Limited by Guarantee No 01946704

15

Financial Review 2024-25

The 2024–25 financial year marked a period of consolidation and continued development for Bridge, following the significant expansion experienced in the previous year. Total income increased modestly by 6% to £4.71M, reflecting both the sustained delivery of core services and the strengthening of newer initiatives launched in the previous year.

Bridge’s core services, such as New Vision Bradford, Lotus Project, Housing First, MARAC Navigators, and Multiple Needs Navigators were all funded at similar levels to the previous year. There were some service expansions, such as extra posts linked to the Liaison and Diversion service in Wakefield, and the Family Navigator service in Bradford, but also a reduction in funding and staffing for the Wellbeing Hubs due to reduce funding across the district for these services. The Recovery Homes project also expanded up to 23 properties at the end of the year, as well as the purchase of a 4-bed property for the Quasi-Residential Rehab project.

Unfortunately, one post with the Bingley Community Partnership ceased during the year due to a change of funding arrangements. The Liaison and Diversion service transferred to a large private sector provider at the end of the year following a Yorkshire-wide tender exercise, although Bridge will retain five staff working in the criminal justice system in Wakefield in 2025-26. Bridge was successful in two significant tenders during the year, for services from April 2025, retaining the Lotus Project, and winning a new domestic and sexual abuse support service (Bradford RESET) which expands on Bridge’s MARAC Navigator work. Overall income from charitable activities increased slightly to £4.37M (2023–24: £4.25M).

Donations and grant income rose by £117k to £292k, mainly due to a grant for the Quasi-Residential Rehab project.

Bridge’s expenditure decreased slightly by 1% to £4.56M (2023–24: £4.61M), however there were no exceptional items this year, in contrast to the £413k of premises refurbishment costs in 2023–24. Salaries and other staffing costs remain Bridge’s largest area of expenditure, accounting for 82% total expenditure, with an average of 112 employees over the year. The housing projects accounted for £241k of expenditure an increase from £83k in the previous year.

The year ended with a surplus of £151k compared to the deficit of £149k in 2023–24. After transfers between funds, unrestricted reserves decreased slightly by £25k to £990k, bringing them back within the target range set by the Reserves Policy. Designated funds increased by £187k to £1.12M, primarily due to the purchase of a house for the Quasi-Residential Rehab project. Restricted funds decreased marginally by £12k to £380k, with balances held for specific projects and future service delivery.

Bridge’s fixed assets increased to £1.05M (2023–24: £931k), following the purchase of the additional house. This investment was funded through a combination of reserves and a grant from the City of Bradford MDC.

The Bridge Project Annual Report and Financial Statements 2024-25 Registered Charity No 517356 Company Limited by Guarantee No 01946704

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Cash and short-term investments decreased to £989k (2023–24: £1.44M), reflecting the planned use of reserves for capital investment and service delivery.

Bridge remains in a strong financial position, maintaining a healthy level of reserves which will allow for continued stability and investment in our housing projects as well as other service and infrastructure needs in the future.

Martin Brook

Director of Finance and Support Services

Annual Report and Financial Statements 2024-25

The Bridge Project Registered Charity No 517356 Company Limited by Guarantee No 01946704

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Governance, Trustees and Stakeholders

Registered Office: 35 Salem Street, Bradford, West Yorkshire, BD1 4QH

Governance:

The Bridge Project is a charitable company limited by guarantee, incorporated on 12/9/1985 and registered as a charity on 17/4/1986.

The company was established under a Memorandum of Association that established the objects and powers of the charitable company and is governed under its Articles of Association. Under those Articles, the members of the Board of Trustees are elected at the AGM.

Members of the board of trustees, who are directors for the purposes of company law and trustees for the purposes of charity law, who served during the year and up to the date of this report are listed below.

Members of the charitable company guarantee to contribute an amount not exceeding £1 to the assets of the charitable company in the event of a winding up. The total number of such guarantees at 31st March 2025 was 9 (2024:8).

Organisation:

The board of trustees administers the charity. The board is scheduled to meet four times per year in March, June, September and December. In addition, there are three trustee sub-committees with delegated authorities; Business and Finance; Compliance, Quality and Performance; and People. Each sub-committee meets four times per year, with membership being a minimum of three trustees. The sub-committees then report on decisions made and recommendations for board approval to the following board meeting. Additional meetings are called if trustee decisions are required outside this pattern. A Chief Executive is appointed by the trustees to manage the day-to-day operations of the charity. To facilitate effective operations, the Chief Executive has delegated authority, within terms approved by the trustees, for all operational matters.

Board of Trustees: trustees serving at the date the Trustees’ Annual Report was approved were:

Peter J Sleigh (Chair) Gordon Roscoe (Vice Chair) Mohanlal P. Mistry Jonathan Sutcliffe Christopher Gibbs Adeel Jafri (appointed 18[th] Sept 2024) Aneta Gyorgyova (appointed 18[th] Sept 2024) Elizabeth Trueblood (appointed 18[th] Sept 2024) John Lewis (appointed 26[th] Mar 2025) Robert Coles (appointed 18[th] June 2025)

Three trustees left the board during the financial year 2024-25 (2024: 0), Andrew Clayton-Stead on 16[th] Aug 2024, David Memery on 1[st] December 2024, and Marisa Lloyd on 21[st] Mar 2025

All trustees give their time voluntarily and received no personal benefits from Bridge. Any expenses reclaimed from Bridge are set out in note 9 to the accounts.

The Bridge Project Annual Report and Financial Statements 2024-25 Registered Charity No 517356 Company Limited by Guarantee No 01946704

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Company Secretary: Martin W Brook (Director of Finance & Support Services)

Senior Staff:

Jon Royle Chief Executive Tracey Hogan Director of Operations Martin Brook Director of Finance and Support Services

Pay Policy

The pay of senior staff is set by the board of trustees. The trustees benchmark senior staff salaries against pay levels for equivalent roles in other similar sized organisations in the health and social care sector. Salaries are reviewed annually and normally increase in line with any inflationary uplift awarded to the wider staff team.

Trustee Recruitment:

A skills audit of the current trustee board members is undertaken annually, this identifies the range of skills, knowledge and experiences that it would be beneficial for the board to contain. Recruitment is undertaken by word of mouth, and through external advertising, appropriate people are sought as required to fill any current skills/experience gaps on the board.

Trustee Training and Induction:

An induction process for new trustees is in place, which includes a detailed induction pack, explaining their role as trustees and the work of Bridge. Trustees are given a full introductory tour of the services and introduced to staff. Trustees are invited to attend staff meetings and a scheduled programme of visits to all services is in place, with reports back to all trustees.

Stakeholders:

Service users; family, carers and friends of service users; Bridge’s staff and volunteers; City of Bradford Metropolitan District Council; Bradford Children and Families Trust; Bradford VCS Alliance; Office for Health Improvement and Disparities; NHS West Yorkshire Integrated Care Board; Affinity Community Partnership; Bingley Bubble Community Partnership; Wakefield Council – Liaison and Diversion service; Waythrough; West Yorkshire Combined Authority.

Auditors: BHP LLP, New Chartford House, Centurion Way, Cleckheaton, BD19 3QB A resolution proposing BHP LLP to be re-appointed as auditors of the charitable company will be put to the AGM.

Bankers: CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ

The Bridge Project Registered Charity No 517356 Company Limited by Guarantee No 01946704

Annual Report and Financial Statements 2024-25

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Organisational Policies:

Investments:

Under its Memorandum and Articles of Association the charity has the power to make any investment, which the Board of Trustees sees fit. Bridge currently aims to keep between £10,000 and £50,000 in its current accounts, with a fluctuating sum of between £100,000 and £350,000 held in instant access deposit accounts to manage the organisation’s quarterly cash flow cycle. The remaining funds are held in fixed term deposit accounts, of varying lengths, aiming to achieve the best possible interest rates available.

Reserves:

Bridge’s reserves policy is reviewed annually, was last reviewed and approved in May 2025 and last amended in November 2024 after taking into consideration recent organisational growth and future expenditure plans.

The updated policy is to hold a minimum of £500,000 of free unrestricted reserves at any time. This minimum amount was calculated by assessing the organisation’s specific needs relating to the following three aspects of financial management: monthly and quarterly cashflow requirements; working capital requirements; and contingency planning to mitigate and manage a major loss of income scenario.

The upper limit of free unrestricted reserves to hold has been set at £1 million, this figure has been approved to allow Bridge the ability to accumulate sufficient reserves in the short to medium term to be then invested in further residential properties for the Recovery Homes project as this scheme expands.

As of 31[st] March 2025, Bridge’s free unrestricted reserves totalled £990,309 (2024: £1,015,229), this is just below the upper threshold set in the policy. It is planned to spend a portion of these reserves on residential property purchases in 2025-26. Bridge held £116,399 (2024: £114,068) of freely accessible funds in designated funds for the Recovery Homes project, housing purchases, and future repairs on housing and office premises. £380,166 (2024: £391,694) was also held in seventeen restricted funds for future expenditure against specific service provision activities.

Fundraising activities:

Bridge does not actively fundraise but appreciates the donations from the public. The charity does not use any professional fundraiser or commercial participator to carry out activities on the charity’s behalf.

Due to the low level of fundraising the charity undertakes, the charity is not a participant of a voluntary scheme for regulating fundraising, or any voluntary standard of fundraising for the activities carried out on behalf of the charity. Should the charity at some point in the future undertake a specific fundraising campaign or start to generate more income through fundraising, the trustees will look to sign up to a voluntary fundraising code.

Annual Report and Financial Statements 2024-25

The Bridge Project Registered Charity No 517356 Company Limited by Guarantee No 01946704

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Risk Management:

A full risk management review of the organisation was undertaken in 2023, which fed into the development of the 2024-27 Strategic Plan.

Bridge maintains a corporate risk register, which is reviewed and updated on an ongoing basis by the Senior Leadership Team (SLT). Risks are categorised into four headings; Operations; Human Resources; Finance; and Governance. Ownership of individual identified risks is allocated to member of the Senior Leadership Team, who hold responsibility for managing, mitigating and reporting against these risks. Ownership of the identified risks is also allocated to either the board of trustees, or one of the three trustee sub-committees, the risk registers are then reviewed quarterly by trustees at the applicable meeting, with any required actions being delegated to the SLT for implementation.

The Director of Operations in partnership with the Deputy Director of Operations, Head of Quality and Safeguarding, Service Managers, and Team Managers undertake and review risk assessments for the organisation’s day-to-day service provision on an ongoing basis.

Public Benefit:

The Trustees confirm that they have complied with the duty in section 17(5) of the Charities Act 2011 to have due regard to the Charity Commission’s general guidance on public benefit ‘Charities and Public Benefit’. This Trustees’ report clearly sets out Bridge’s charitable objects, our current activities and how they benefit the public.

Tangible fixed assets for use by the charity:

Details of movements in fixed assets are set out in note 12 to the accounts.

Recognition of Liabilities:

Liabilities are recognised when there is a legal or constructive obligation committing the organisation to the expenditure.

Going Concern:

The Board of Trustees has reviewed Bridge’s activities, financial position and risk management policies together with factors likely to affect future development, including the economic uncertainty on contract income and service delivery. The trustees have concluded that it is reasonable to expect Bridge to have adequate resources to continue in operation for the foreseeable future. Accordingly, the going concern basis of accounting continues to be adopted in preparing the financial statements.

Annual Report and Financial Statements 2024-25

The Bridge Project Registered Charity No 517356 Company Limited by Guarantee No 01946704

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Statement of Trustees’ Responsibilities

The trustees (who are also the directors of The Bridge Project for the purposes of company law) are responsible for preparing the Trustees’ Annual 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 statements 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 those financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

So far as the trustees are aware:

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 to legislations in other jurisdictions.

On behalf of the board:

Gordon Roscoe

Vice Chair of Trustees 17[th] September 2025

The Bridge Project Registered Charity No 517356 Company Limited by Guarantee No 01946704

Annual Report and Financial Statements 2024-25

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Independent Auditor’s Report to the Members of The Bridge Project

Opinion

We have audited the financial statements of The Bridge Project (the ‘charitable company’) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cashflows and notes to the financial statements, including a summary of 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:

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 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.

The Bridge Project Annual Report and Financial Statements 2024-25 Registered Charity No 517356 Company Limited by Guarantee No 01946704

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Independent Auditor’s Report to the Members of The Bridge Project (continued)

Other information

The other information comprises the information included in the trustees annual report, 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:

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 directors report included within the trustee’s 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:

The Bridge Project Registered Charity No 517356 Company Limited by Guarantee No 01946704

Annual Report and Financial Statements 2024-25

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Independent Auditor’s Report to the Members of The Bridge Project (continued)

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, 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.

Auditor 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 specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the charity and the sector in which it operates and considered the risk of acts by the charity that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

Annual Report and Financial Statements 2024-25

The Bridge Project Registered Charity No 517356 Company Limited by Guarantee No 01946704

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Independent Auditor’s Report to the Members of The Bridge Project (continued)

We focused on laws and regulations, relevant to the charitable company, which could give rise to a material misstatement in the financial statements. Our tests included agreeing the financial statement disclosures to underlying supporting documentation, enquiries with management, review of charitable company minutes and legal expenses. There are inherent limitations in the audit procedures described and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it.

As part of our audit, we addressed the risk of management override of internal controls, including testing of journals and review of nominal ledger. We evaluated whether there was evidence of bias by the trustees that represented a risk of material misstatement due to fraud.

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 noncompliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditors/audit-assurance/auditor-s-responsibilities-for-the-audit-of-the-fi/descriptionof-the-auditor%E2%80%99s-responsibilities-for 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.

Neil Baldwin (Senior Statutory Auditor)

for and on behalf of BHP LLP,

New Chartford House, Centurion Way, Cleckheaton, West Yorkshire, BD19 3QB

18[th] September 2025

The Bridge Project Registered Charity No 517356 Company Limited by Guarantee No 01946704

Annual Report and Financial Statements 2024-25

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Statement of Financial Activities for the year ended 31[st] March 2025

(Incorporating the income and expenditure account)

Income
Notes
Donations and legacies
3
Charitable activities
4
Investments
5
Total income
Expenditure
Raising funds
6
Charitable activities 7 & 8
Total expenditure
Net income / (expenditure)
10
before transfers
Gross transfers between funds
Net movement in funds for the year
Total funds brought forward at 1stApril
Total funds carried forward at 31st March		 Unrestricted
funds
Designated
funds
Restricted
Funds
Total
2025
Total
2024
£
£
£
£
£
105,927
130,000
56,608
292,535
167,644
2,299,312
282,218
1,786,769
4,368,299
4,247,188
45,276
-
-
45,276
43,703
2,450,515
412,218
1,843,377
4,706,110
4,458,535
85,253
-
-
85,253
63,844
2,297,140
359,842
1,813,017
4,469,999
4,544,133
2,382,393
359,842
1,813,017
4,555,252
4,607,977
68,122
52,376
30,360
150,858
(149,442)
(93,112)
135,000
(41,888)
-
-
(24,990)
187,376
(11,528)
150,858
(149,442)
1,015,299
932,585
391,694
2,339,578
2,489,020
990,309
1,119,961
380,166
2,490,436
2,339,578

Annual Report and Financial Statements 2024-25

The Bridge Project Registered Charity No 517356 Company Limited by Guarantee No 01946704

27

Balance Sheet as at 31[st] March 2025

2025 2024
Notes £ £
£		 £ £
£
Fixed assets
Tangible assets 12 Tangible assets 12 1,054,612 930,668
Current assets
Stock in hand 13 500 500
Debtors and prepayments 14 707,818 344,561
Investments 15 520,708 1,083,548
Cash at bank and in hand 16 468,134 353,416
1,697,160 1,782,025
Liabilities
Creditors: amounts falling
due within one year		 17 (182,474) (276,902)
Net current assets 1,514,686 1,505,123
Total assets less current liabilities 2,569,298 2,435,791
Creditors: amounts falling due Creditors: amounts falling due
18		 (78,862) (96,213)
After more than one year
Net assets 2,490,436 2,339,578
Funds 23, 24 & 25
Unrestricted funds
General funds 990,309 1,015,299
Designated funds 1,119,961 932,585
Restricted funds 380,166 391,694
Total funds carried forward at 31 Total funds carried forward at 31st March 2,490,436 2,339,578

For the year ending 31[st] March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies but as this company is a charity, it is subject to audit under the Charities Act 2011.

Directors’ responsibilities:

The financial statements were approved by the Board of Trustees on 17[th] September 2025 and signed on their behalf by:

Gordon Roscoe Vice Chair of Trustees

The notes on pages 54 to 67 form part of these financial statements.

The Bridge Project Registered Charity No 517356 Company Limited by Guarantee No 01946704

Annual Report and Financial Statements 2024-25

28

Statement of Cash Flows for the year ended 31[st] March 2025

Notes
Cash flows from operating activities
26
Net cash provided by / (used in) operating activities
Cash flows from investing activities
Interest income
Disposal of investments
Purchase of tangible fixed assets
Net cash provided by / (used in) investing activities
Cash flows from financing activities
Repayment of borrowing
Cash inflows from new borrowing
Net cash provided by / (used in) financing activities
Increase / (decrease) in cash and cash
equivalents in the year
Cash and cash equivalents at 1stApril
Cash and cash equivalents at 31st March
27		 Unrestricted
funds
Designated
funds
Restricted
Funds
Total
2025
Total
2024
£
£
£
£
£
(155,363)
68,737
(215,670)
(302,296)
(7,901)
45,276
-
-
45,276
43,703
176,071
-
-
176,071
(61,347)
-
(175,000)
-
(175,000)
(150,000)
221,347
(175,000)
-
46,347
(167,644)
-
(16,101)
-
(16,101)
(349)
-
-
-
-
112,500
-
(16,101)
-
(16,101)
112,151
65,984
(122,364)
(215,670)
(272,050)
(63,394)
292,475
124,164
428,336
844,975
908,369
358,459
1,800
212,666
572,925
844,975

Annual Report and Financial Statements 2024-25

The Bridge Project Registered Charity No 517356 Company Limited by Guarantee No 01946704

29

Notes to the Financial Statements for the year ended 31st March 2025

1. Accounting policies

The principle accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a, Basis of preparation

The financial statements have been prepared in accordance with 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) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Bridge Project meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

b, Preparation of the accounts on a going concern basis.

The trustees continue to adopt the going concern basis of accounting because of the continued financial stability of the charity.

c, Fund accounting Unrestricted funds are available for the use at the discretion of the Trustees in furtherance of the charitable objectives of Bridge.

Designated funds comprise unrestricted funds that have been put aside at the discretion of the trustees for particular purposes (see note 23).

Restricted income funds are funds subject to specific restrictions imposed by the donors, funders, or by the purpose of the appeal. The purpose and use of the restricted funds are set out in the notes to the financial statements. Expenditure which meets these criteria is charged to the fund, including where appropriate a fair allocation of management and support costs.

d, Income

Income is recognised when Bridge has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably.

e, Deferred income

Any income received in this accounting period which relates to activities to be undertaken in future accounting periods is deferred.

f, Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

g, Donated services

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102) the general time of volunteers is not recognised.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

h, Expenditure

Expenditure is recognised 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 of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

i, Allocation of expenditure

Direct costs, including directly attributable salaries, are allocated on an actual basis to the appropriate service type and fund designation. Where costs cannot be directly attributed they have been allocated to a service type and fund on a basis consistent with the use of the resources.

The Bridge Project Registered Charity No 517356 Company Limited by Guarantee No 01946704

Annual Report and Financial Statements 2024-25

30

Notes to the Financial Statements for the year ended 31st March 2025

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, HR, and governance costs which support the charities activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities, on a basis consistent with the use of the resources.

j, Operating leases

Rentals applicable to operating leases are charged to the Statement of Financial Activities on a straight-line basis over the term of the lease.

k, Tangible fixed assets

k, Tangible fixed assets
Individual fixed assets costing £1,000 or more are capitalised over their estimated useful economic lives on a straight-line basis as
follows:-
Category
 Annual Rate
Freehold Premises 2%
Replacement Roof 2%
Major structural improvements
10%
Other premises improvements
20%
Computers 20%
Other equipment 33%

One full year’s depreciation is charged in the year of purchase.

l, Stock

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

m, Investments

Current asset investments include any deposit funds which are not readily accessible within one week.

n, Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments which are accessible within one week.

o, Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

p, Pension contributions

Bridge operates a pension scheme in compliance with the workplace pension requirements. In line with the regulations employees are auto-enrolled into a workplace pension when the necessary requirements are met. Bridge pays 4% of an employee’s gross salary into a defined contributions workplace pension provided by Scottish Widows. From 1[st] April 2017 employees on Bridge’s standard terms and conditions were required to contribute at least 4% of their gross earnings into their pension. Contributions due to employees’ pensions are charged to the Statement of Financial Activities in the period to which they relate. Details of the contributions in this financial year can be seen in the notes to the financial statements.

q, Taxation

Bridge is exempt from payment of income and corporation tax on its charitable activities.

Bridge’s main business activities are exempt under VAT regulations. Any irrecoverable VAT incurred is included on the relevant cost line.

r, Legal form

The Bridge Project is a company limited by guarantee domiciled and incorporated in England and Wales. The registered office is 35 Salem Street, Bradford, West Yorkshire, BD1 4QH. The members of the company are the Trustees named on page 18. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

The Bridge Project Registered Charity No 517356 Company Limited by Guarantee No 01946704

Annual Report and Financial Statements 2024-25

31

Notes to the Financial Statements for the year ended 31st March 2025

2 Statement of Financial Activities for previous year

Income
Notes
Donations and legacies
3
Charitable activities
4
Investments
5
Total income
Expenditure
Raising funds
6
Charitable activities 7 & 8
Total expenditure
Net income / (expenditure)
10
before transfers
Gross transfers between funds
Net movement in funds for the year
Total funds brought forward at 1stApril
Total funds carried forward at 31st March		 Unrestricted
funds
Designated
funds
Restricted
Funds
Total
2024
£
£
£
£
106,464
37,500
23,680
167,644
2,543,297
207,160
1,496,731
4,247,188
43,562
1
140
43,703
2,693,323
244,661
1,520,551
4,458,535
63,844
-
-
63,844
2,485,583
661,136
1,397,414
4,544,133
2,549,427
661,136
1,397,414
4,607,977
143,896
(416,475)
123,137
(149,442)
(8,822)
(6,928)
15,750
-
135,074
(423,403)
138,887
(149,442)
880,225
1,355,988
252,807
2,489,020
1,015,299
932,585
391,694
2,339,578

3 Income from donations and legacies

Donations
Donated services and goods
Waythrough (was Humankind)
Shipley College
Grants
City of Bradford MDC
Good Things Foundation
DWP – Access to Work
Heinz & Anna Koch Foundation
Inn-Churches
NatWest Circle Fund
Safer Communities Fund
Thrive Together Fund
The VCS Alliance
West Yorkshire Integrated Care Board
Total		 Unrestricted
funds
Designated
funds
Restricted
Funds
Total
2025
Total
2024
£
£
£
£
£
2,063
-
600
2,663
3,802
72,175
-
29,600
101,775
92,954
25,956
-
-
25,956
26,210
98,131
-
29,600
127,731
119,164
467
130,000
8,000
138,467
-

-
-
-
-
5,000
266
-
-
266
-
-
-
200
200
-
-
-
2,158
2,158
2,178
-
-
4,000
4,000
-
-
-
6,050
6,050
-
-
-
-
-
37,500
5,000
-
-
5,000
-
-
-
6,000
6,000
5,733
130,000
26,408
162,141
44,678
105,927
130,000
56,608
292,535
167,644

The Bridge Project Registered Charity No 517356 Company Limited by Guarantee No 01946704

Annual Report and Financial Statements 2024-25

32

Notes to the Financial Statements for the year ended 31st March 2025

4 Income from charitable activities

Service Delivery Contracts
Affinity Community Partnership
Bingley Community Partnership
Bradford Children and Families Trust
Bradford VCS Alliance
City of Bradford MDC
DA/SV Comms Lead
Exiting Prostitution
Housing First
MARAC Navigators
Multiple Needs Navigators
New Burdens Funding
Recovery Housing
SkillsHouse
Young Peoples’ Substance Misuse
Engaging Communities CIC
Job Centre Plus – DWP
Red Letter Project
Wakefield Council – Liaison & Diversion
Waythrough
West Yorkshire Combined Authority
Ancillary Trading Income
Reclaimed expenditure
Rental income
Flourish Coffee Shop
Total		 Unrestricted
funds
Designated
funds
Restricted
Funds
Total
2025
Total
2024
£
£
£
£
£
-
-
37,360
37,360
40,000
-
-
-
-
44,412

-
-
123,750
123,750
101,250
24,988
-
116,719
141,707
257,383
-
-
40,366
40,366
35,055

344,285
-
-
344,285
338,649

266,345
-
-
266,345
264,845
-
-
-
-
189,402
213,000
-
-
213,000
213,000
-
-
171,616
171,616
-
-
238,617
-
238,617
162,924
6,304
-
63,448
69,752
69,793
179,102
-
-
179,102
173,226
1,009,036
238,617
275,430
1,523,083
1,446,894
-
-
-
-
12,558
-
-
-
-
16,275
12,926
-
-
12,926
2,073
280,480
-
-
280,480
209,112
941,621
40,000
1,135,373
2,116,994
2,010,152
-
-
97,595
97,595
97,595
24,032
21
542
24,595
2,233
5,100
3,580
-
8,680
5,185
1,129
-
-
1,129
2,066
30,261
3,601
542
34,404
9,484
2,299,312
282,218
1,786,769
4,368,299
4,247,188

5. Investment income

come
Unrestricted Designated Restricted Total Total
Funds Funds Funds 2025 2024
£ £ £ £ £
Bank interest 45,276 - - 45,276 43,703

The Bridge Project Registered Charity No 517356 Company Limited by Guarantee No 01946704

Annual Report and Financial Statements 2024-25

33

Notes to the Financial Statements for the year ended 31st March 2025

6 Expenditure on raising funds

Staff costs
Admin and office costs
Premises
Total 2025
Total 2024		 Unrestricted
Funds
Designated
Funds
Restricted
Funds
Total
2025
Total
2024
£
£
£
£
£
82,596
-
-
82,596
60,689
1,936
-
-
1,936
2,335
721
-
-
721
820
85,253
-
-
85,253
63,844
63,844
-
-
63,844

7 Expenditure on charitable activities by fund designation

Service staff costs
Service provision costs
Admin and office costs
Premises
Depreciation
Governance costs
Support costs
Total 2025
Total 2024		 Unrestricted
Funds
Designated
Funds
Restricted
Funds
Total
2025
Total
2024
£
£
£
£
£
1,748,095
55,247
1,514,982
3,318,324
3,219,762

142,807
221,053
37,356
401,216
178,953
64,754
3,077
61,690
129,521
146,713
122,373
11,058
32,355
165,786
615,026
-
51,056
-
51,056
56,349
86,839
8,044
63,808
158,691
97,948
132,272
10,307
102,826
245,405
229,382
2,297,140
359,842
1,813,017
4,469,999
4,544,133
2,485,583
661,136
1,397,414
4,544,133

8 Expenditure on charitable activities by service type

Service staff costs
Service provision costs
Admin and office costs
Premises
Depreciation
Governance costs
Support costs
Total 2025
Total 2024		 Drug &
Alcohol
Treatment
& Recovery
Navigation
Services
Housing
Support &
Provision
Communities,
Early
Intervention
& Prevention
Criminal
Justice
Education,
Training &
Employment
Total
2025
Total
2024
£
£
£
£
£
£
£
£
1,515,735
1,010,402
283,396
205,310
239,706
63,775
3,318,324
3,219,762

61,231
80,081
245,838
11,141
2,053
872
401,216
178,953
71,203
28,470
15,568
7,546
4,629
2,105
129,521
146,713
85,830
56,858
15,533
5,360
-
2,205
165,786
615,026
35,225
9,331
6,500
-
-
-
51,056
56,349
64,528
48,510
18,704
13,396
9,213
4,340
158,691
97,948
98,638
75,853
27,486
21,588
14,847
6,993
245,405
229,382
1,932,390
1,309,505
613,025
264,341
270,448
80,290
4,469,999
4,544,133
1,933,680
1,634,872
383,703
286,356
198,762
106,760
4,544,133

The Bridge Project Registered Charity No 517356 Company Limited by Guarantee No 01946704

Annual Report and Financial Statements 2024-25

34

Notes to the Financial Statements for the year ended 31st March 2025

9 Staff costs, staff numbers, and trustee remuneration and expenses.

Employee costs during the year were:

Employee costs during the year were:
2025
2024
£
£
Gross wages and salaries
3,108,188
2,980,404
292,340
276,978
112,754
103,175
Social security costs
Pension contribution
3,513,282
3,360,557

The charity does not hold or administer any pension fund or defined benefit pension scheme for employees, it does operate a defined contribution pension scheme. The charity makes defined contributions of 4% of an employee’s gross salary into a workplace pension scheme held and administered by Scottish Widows. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £112,754 (2024: £103,175). Employer contributions totalling £9,684 (2024: £9,087) were payable to the scheme at the end of the period and are included in other creditors.

Statutory redundancy payments of £1,601 were paid during the year (2024: nil).

The key management personnel of the charity comprise the trustees, the Chief Executive Officer, Director of Operations, Director of Finance and the Director of HR. The total employee benefits (gross pay, employer’s pension, and employer’s NI contributions) of the key management personnel totalled £267,732 (2024: £270,204).

The number of employees whose total pay amounted to £60,000 or above for the year is as follows:

£70,000 to £79,999: 1 (2024:1) £60,000 to £69,999: 2 (2024:2)

The average monthly head count was 112 staff (2024: 108 staff).

£52,407 was spent on agency workers during the year to cover short-term vacancies, (2024: £20,635)

No remuneration or other benefits were paid to the Trustees during the year (2024: nil), no expenses were paid for reimbursing travel costs for attending meetings (2024: nil).

10 Net income / (expenditure)

These are stated after charging:

stated after charging:
2025 2024
£ £
Depreciation – owned assets 51,056 56,349
Operating lease rentals - -
Auditor’s remuneration1 15,000 10,740
Interest on loans & overdrafts 7,707 3,353
Exceptional building refurbishment costs - 412,808

1 Fees payable to the charitable company’s auditor for the audit of the charitable company’s annual accounts, including irrecoverable VAT.

Annual Report and Financial Statements 2024-25

The Bridge Project Registered Charity No 517356 Company Limited by Guarantee No 01946704

35

Notes to the Financial Statements for the year ended 31st March 2025

11 Valuation of donated goods and services

Services and resources which are provided directly by our funders or partners but integral to our work are included at their value to Bridge and allocated to the appropriate service.

dge and allocated to the appropriate service.
IT equipment, support & licences
Volunteer Training & Qualifications
Clinical Staff
Drug testing
Total		 2025
2024
£
£
46,250
39,600
25,956
26,210
46,650
44,840

8,875
8,514
127,731
119,164

The value of any volunteers’ time is not included, however we have benefited from 10,344 hours (2024: 9,529) of volunteer’s time through our volunteering programme.

12 Tangible fixed assets

Cost
At 1st April 2024
Additions
Disposals
At 31st March 2025
Depreciation
At 1st April 2024
Charge for year
Disposals
At 31st March 2025
Net Book Value
At 31st March 2025
At 31st March 2024		 Freehold
Property
Property
Improvements
£
£
1,134,344
1,164,888
175,000
-
-
-		 Computer
Equipment
£
27,668
-
-		 Vehicles
£
30,880
-
-		 Other
Equipment
Total
£
£
14,743
2,372,523
-
175,000
-
-
1,309,344
1,164,888		 27,668 30,880 14,743
2,547,523
308,030
1,067,266
26,187
22,625
-
-		 20,936
2,244
-		 30,880
-
-		 14,743
1,441,855
-
51,056
-
-
334,217
1,089,891		 23,180 30,880 14,743
1,492,911
975,127
74,997		 4,488 - -
1,054,612
826,314
97,622		 6,732 - -
930,668

The Salem Street & Hallfield Street premises were given a combined open market valuation for disposal of £200,000 in September 2011 by Hayfield Robinson, Chartered Surveyors, of Bradford.

Annual Report and Financial Statements 2024-25

The Bridge Project Registered Charity No 517356 Company Limited by Guarantee No 01946704

36

Notes to the Financial Statements for the year ended 31st March 2025

13 Stock

2025 2024
£ £
Donated goods 500 500

14 Debtors: amounts falling due within one year

Trade debtors
Other debtors
Prepayments and accrued income		 2025
2024
£
£
481,263
304,661
8,208
5,400
218,347
34,500
707,818
344,561

15 Investments

Cambridge & Counties Bank (6 mths)
Cambridge & Counties Bank (1 yr)
Cambridge & Counties Bank (5 yr)
Charities Bank (40 days)
Hampshire Trust Bank (1 yr)
Monmouthshire B.S. (30 days)
Nationwide (35 days)
Redwood Bank (95 days)
United Trust Bank (1yr)		 2025
2024
£
£
52,607
-
-
50,000
89,262
85,000
34,316
156,070
89,775
182,194
8,227
152,398
62,247
183,091
93,039
187,245
91,235
87,550
520,708
1,083,548

16 Cash at bank and in hand

Petty cash
CAF Bank current account
CAF Bank instant deposit account
Co-operative Bank current account
CCLA Deposit Fund
Hampshire Trust Bank
HSBC
Monmouthshire BS deposit account
Scottish Widows instant deposit account
Unity Trust Bank
Total		 2025
2024
£
£
1,528
1,153
23,919
25,098
83,106
247,160
7,368
7,368
55,200
52,595
100,000
-
1,849
-
189,217
10,587
4,913
4,840
1,034
4,615
468,134
353,416

The Bridge Project Registered Charity No 517356 Company Limited by Guarantee No 01946704

Annual Report and Financial Statements 2024-25

37

Notes to the Financial Statements for the year ended 31st March 2025

17 Creditors: amounts falling due within one year

Loans
Trade creditors
Taxation and social security
Other creditors
Accruals and deferred income		 2025
2024
£
£
17,188
15,938
21,354
24,283
64,196
66,624
20,698
20,521

59,038
149,536
182,474
276,902

Other creditors are employer pension contributions and attachment of earnings deductions, all of which are paid within 30 days.

18 Creditors: amounts falling due after more than one year

Due between 1 to 2 years
Due between 2 to 5 years
Due after 5 years		 2025
2024
£
£
18,522
17,175
60,340
59,947
-
19,091
78,862
96,213

These amounts relate to a single unsecured loan from the Thrive Together Fund from the Social Investment Business.

19 Contingent liabilities

Contingent liabilities
2025 2024
£ £
Grant for property purchase 175,000 175,000

A grant was received from Bradford Health Authority in October 1997 for the purchase of No 33, 35 & 37 Salem Street, Bradford. £175,000 is repayable if at any time the charity ceases operations, changes operations or moves premises. There is a legal charge over the properties with no time limit attached.

At the year end the Trustees were not aware of any possible events that would trigger this liability.

20 Deferred income

Deferred income comprises performance related grants received in advance of the terms of the grant being met.

Balance at 1stApril
Amount released to income
Amount deferred in the year
Balance at 31stMarch		 2025
2024
£
£

81,323
144,392

(81,323)
(144,392)

14,538
81,323
14,538
81,323

21 Capital Commitments

There were no capital commitments as at 31[st] March 2025 (2024: nil).

The Bridge Project Registered Charity No 517356 Company Limited by Guarantee No 01946704

Annual Report and Financial Statements 2024-25

38

Notes to the Financial Statements for the year ended 31st March 2025

22 Analysis of net assets between funds – current year


Unrestricted
General
funds
Designated
Funds
Restricted
funds
Total
2025
£
£
£
£
Fixed assets -
1,054,612
-
1,054,612
Current assets 1,135,123
162,380
399,657
1,697,160
Current liabilities (144,814)
(18,169)
(19,491)
(182,474)
Long term liabilities -
(78,862)
-
(78,862)
Fund balances 990,309
1,119,961
380,166
2,490,436

Analysis of net assets between funds- previous year

Unrestricted
General
funds
Designated
Funds
Restricted
funds
Total
2024
£
£
£
£
Fixed assets -
930,668
-
930,668
Current assets 1,138,571
142,104
501,350
1,782,025
Current liabilities (123,272)
(43,974)
(109,656)
(276,902)
Long term liabilities -
(96,213)
-
(96,213)
Fund balances 1,015,299
932,585
391,694
2,339,578

23 Purposes of funds

General Funds: These are the free reserves available to the charity for use without any restriction.

Designated Funds: These are unrestricted funds specifically designated for a purpose by the Trustees.

Housing Purchases: Funding specifically received for Recovery Housing property purchases, the balance will be utilised in 25-26

Recovery Homes: Holds funds allocated and received for Bridge’s housing scheme.

Quasi Residential Rehab: Funds for a new project launching in 2025-26, holds a negative amount due to expenditure in setting up the project in advance of anticipated income in 2025-26.

Repair & Maintenance Fund – Housing : Holds funds allocated for future structural repairs and external decoration of our housing scheme properties.

Repair & Maintenance Fund – Offices : Holds funds allocated for future structural repairs and external decoration of our office premises.

Manningham Lane Fixed Asset Fund: Holds the net book value of the freehold property and property improvements for 30 Manningham Lane.

North Parade Fixed Asset Fund: Holds the net book value of the freehold property, property improvements for the 14 North Parade premises and other tangible fixed assets at that site.

Pelican House Fixed Asset Fund: Holds the net book value of the freehold property, property improvements for the 10 Currer St premises and other tangible fixed assets at that site.

Recovery Homes Fixed Asset Fund: Holds the net book value of the freehold property in the Recovery Homes and Quasi Residential Rehab schemes.

Salem Street Fixed Asset Fund: Holds the net book value of the freehold property, property improvements for 29-37 Salem St and other tangible fixed assets at that site.

The Bridge Project Registered Charity No 517356 Company Limited by Guarantee No 01946704

Annual Report and Financial Statements 2024-25

39

Notes to the Financial Statements for the year ended 31st March 2025

Restricted Funds: These are funds, or services, which have clearly defined conditions for their specific use stated in either a grant agreement, contract, or when the funds were donated.

Affinity Community Partnership: Holds funds allocated for future service provision costs on this project.

Befriending Service: Grant and contractual income and related expenditure for this project.

Bingley Bubble Community Partnership: Held funds for a project that has now ended.

Bridge Client Fund: Holds grants and donations from a number of sources specifically given for client related expenditure.

Circle Fund: Funding from the Natwest Circle Fund to support victims of economic and domestic abuse.

City Wellbeing Hub: Holds funding from the VCS Alliance to run the City Wellbeing Hub and associated service delivery.

Covid Health Inclusion: Holds funds allocated for future service provision costs on this project.

DA/SV Comms Grant: Shows income and expenditure for a worker seconded to City of Bradford MDC.

Digital Inclusion Grant: . Held the balance of a grant that was spent in 24-25

Family Navigators: Holds funds allocated for future service provision on this project.

Helping Hand: A fund set up by trustees to make emergency discretionary purchases to service users in significant urgent need.

Housing Support Grant: Holds unspent funds from the Drug and Alcohol Housing Support Grant funding.

LCF Grant: Held the balance of a grant that was spent in 24-25.

Lotus Project - Service Users: Holds money raised by the Lotus Project specifically for their service users.

Lotus Project - Target Hardening: Held the balance of service income that was spent in 24-25.

MARAC Navigators: Holds funds allocated for future service provision costs on this project.

MARRS Grant: Holds unspent funds allocated for a part-time post which started in 23-24 and will continue into 25-26.

MoJ – MARAC Funding: Shows income and expenditure from the MoJ for two posts, all funds spent within the year.

New Vision Bradford – Rough Sleepers: Holds unspent funds from the Rough Sleepers Drug and Alcohol Treatment Grant received through the New Vision Bradford service.

New Vision Bradford – SSMTRG: Holds unspent funds from the Supplementary Substance Misuse Treatment Grant received through the New Vision Bradford service.

Rough Sleepers Grant: Holds unspent funds from the Rough Sleepers Drug and Alcohol Treatment Grant received directly by Bridge.

Safer Communities Fund: Holds funds from the West Yorkshire Mayor’s funding scheme, to be spent in 2025-26

SkillsHouse: Holds funds allocated for future service provision costs on this project.

SMU Navigators: Holds unspent funds from the PHE’s universal grant funding scheme.

Spacious Places: Holds residual funds and donations from this service which closed in December 2022.

VCS Alliance Grants: Holds grant funding from the VCS Alliance for future distribution.

Transfers between funds:

The £93,112 net transfer from General Funds comprises:-

The £94,651 transfer from the Housing Purchase Fund comprises the following:-

The £191,101 net transfer into the Recovery Homes- Fixed Assets Fund comprises the following:-

The Bridge Project Registered Charity No 517356 Company Limited by Guarantee No 01946704

Annual Report and Financial Statements 2024-25

40

Notes to the Financial Statements for the year ended 31st March 2025

24 Movement in funds – current year

Opening
balance
1stApril 24
Income
Expenditure
Transfers
Closing
balance
31st March 25
£
£
£
£
£
Unrestricted funds
General Funds 1,015,299
2,450,515
(2,382,393)
(93,112)
990,309
Designated funds
Housing Purchase Fund 9,651
130,000
-
(94,651)
45,000
Recovery Homes 61,676
222,218
(230,768)
-
53,126
Quasi Residential Rehab -
-
(50,596)
38,550
(12,046)
Repair & Maintenance Fund – Housing 28,000
20,000
(19,483)
-
28,517
Repair & Maintenance Fund – Offices 14,741
40,000
(7,939)
-
46,802
Manningham Lane, Fixed Asset Fund 252,341
-
(6,820)
-
245,521
North Parade, Fixed Asset Fund 126,505
-
(3,165)
-
123,340
Pelican House, Fixed Asset Fund 214,476
-
(25,240)
-
189,236
Recovery Homes – Fixed Asset Fund 37,849
-
(6,500)
191,101
222,450
Salem Street, Fixed Asset Fund 187,346
-
(9,331)
-
178,015
932,585
412,218
(359,842)
135,000
1,119,961
Restricted funds 35,450
43,707
(39,142)
-
40,015
39,213
5,150
(44,363)
-
-
20,254
(6,372)
(13,882)
-
-
10
2,423
(2,423)
-
10
-
4,000
(2,000)
-
2,000
58,905
117,941
(136,410)
-
40,436
5,992
-
-
-
5,992
-
40,366
(40,366)
-
-
1,107
-
(1,107)
-
-
7,471
123,750
(119,196)
-
12,025
307
-
-
-
307
61,549
345,914
(286,180)
-
121,283
986
-
(986)
-
-

56
-
-
-
56
606
-
(606)
-
-

70,381
171,616
(171,714)
(41,888)
28,395
4,783
8,000
(10,670)
-
2,113
-
97,595
(97,595)
-
-
39,126
396,100
(341,757)
-
93,469
-
423,089
(423,089)
-
-
8,822
-
-
-
8,822
-
6,050
(1,241)
-
4,809
16,842
63,448
(80,290)
-
-

14,576
-
-
-
14,576
2,258
600
-
-
2,858
3,000
-
-
-
3,000
Affinity Community Partnership
Befriending Service
Bingley Bubble Community Partnership
Bridge Client Fund
Circle Fund
City Wellbeing Hub
Covid Health Inclusion
DA/SV Comms Grant
Digital Inclusion Grant
Family Navigators
Helping Hand
Housing Support Grant
LCF Grant
Lotus Project – Service Users
Lotus Project – Target Hardening
MARAC Navigators
MARRS Grant
MoJ – MARAC Funding
New Vision Bradford – Rough Sleepers
New Vision Bradford – SSMTRG
Rough Sleepers Grant
Safer Communities Fund
SkillsHouse
SMU Navigators
Spacious Places
VCS Alliance Grants
391,694
1,843,377
(1,813,017)
(41,888)
380,166
Total funds 2,339,578
4,706,110
(4,555,252)
-
2,490,436

The Bridge Project Annual Report and Financial Statements 2024-25 Registered Charity No 517356 Company Limited by Guarantee No 01946704

41

Notes to the Financial Statements for the year ended 31st March 2025

25 Movement in funds – previous year

Opening
balance
1stApril 23
Income
Expenditure
Transfers
Closing
balance
31st March 24
£
£
£
£
£
Unrestricted funds
General Funds 880,225
2,693,323
(2,549,427)
(8,822)
1,015,299
Designated funds
Achieve – DWP
10,042
4,152
(7,266)
(6,928)
-
Housing Purchase Fund -
37,500
-
(27,849)
9,651
Recovery Homes 78,937
163,054
(142,315)
(38,000)
61,676
Repair & Maintenance Fund – Housing -
-
-
28,000
28,000
Repair & Maintenance Fund - Offices 429,992
39,955
(455,206)
-
14,741
Manningham Lane, Fixed Asset Fund 259,161
-
(6,820)
-
252,341
North Parade, Fixed Asset Fund 141,463
-
(14,958)
-
126,505
Pelican House, Fixed Asset Fund 239,716
-
(25,240)
-
214,476
Recovery Homes – Fixed Asset Fund -
-
-
37,849
37,849
Salem Street, Fixed Asset Fund 196,677
-
(9,331)
-
187,346
1,355,988
244,661
(661,136)
(6,928)
932,585
Restricted funds -
42,640
(18,440)
11,250
35,450
12,965
20,600
(13,185)
18,833
39,213
-
59,610
(43,856)
4,500
20,254
10
2,198
(2,198)
-
10
1,710
-
(1,710)
-
-
76,725
197,830
(196,817)
(18,833)
58,905
5,992
-
-
-
5,992
-
35,055
(35,055)
-
-
-
5,000
(3,893)
-
1,107
-
101,250
(93,779)
-
7,471
400
-
(93)
-
307
550
302,386
(241,387)
-
61,549
27,711
-
(26,725)
-
986

507
200
(651)
-
56
3,192
-
(2,586)
-
606

52,264
189,402
(171,285)
-
70,381
15,000
-
(10,217)
-
4,783
-
97,595
(97,595)
-
-
-
395,850
(356,724)
-
39,126
8,822
-
-
-
8,822
28,130
69,793
(81,081)
-
16,842

14,713
-
(137)
-
14,576
1,116
1,142
-
-
2,258
3,000
-
-
-
3,000
Affinity Community Partnership
Befriending Service
Bingley Bubble Community Partnership
Bridge Client Fund
Circle Fund
City Wellbeing Hub
Covid Health Inclusion
DA/SV Comms Grant
Digital Inclusion Grant
Family Navigators
Helping Hand
Housing Support Grant
LCF Grant
Lotus Project – Service Users
Lotus Project – Target Hardening
MARAC Navigators
MARRS Grant
MoJ – MARAC Funding
New Vision Bradford – Rough Sleepers
Rough Sleepers Grant
SkillsHouse
SMU Navigators
Spacious Places
VCS Alliance Grants
252,807
1,520,551
(1,397,414)
15,750
391,694
Total funds 2,489,020
4,458,535
(4,607,977)
-
2,339,578

The Bridge Project Registered Charity No 517356 Company Limited by Guarantee No 01946704

Annual Report and Financial Statements 2024-25

42

Notes to the Financial Statements for the year ended 31st March 2025

26 Reconciliation of net income / (expenditure) to net cash flow from operating activities

Net movement in funds for the year
(as per SOFA)
Adjustments for:
Depreciation charge
Deduct Interest income shown in investing
activities
Decrease (increase) in stock
Decrease (increase) in debtors
Increase (decrease) in creditors
Net cash provided by (used in) operating
activities
27
Cash and Cash Equivalents
Cash in hand
Notice deposits (less than 3 months)
Total cash and cash equivalents		 Unrestricted
funds
Designated
funds
Restricted
Funds
Total
2025
Total
2024
£
£
£
£
£
(24,990)
187,376
(11,528)
150,858
(149,442)

-
51,056
-
51,056
56,349
(45,276)
-
-
(45,276)
(43,703)
-
-
-
-
-

(106,639)
(142,640)
(113,977)
(363,256)
156,668
21,542
(27,055)
(90,165)
(95,678)
(27,773)
(155,363)
68,737
(215,670)
(302,296)
(7,901)
Unrestricted
funds
Designated
funds
Restricted
Funds
Total
2025
Total
2024
£
£
£
£
£
253,669
1,800
212,666
468,135
353,416
104,790
-
-
104,790
491,559
358,459
1,800
212,666
572,925
844,975

28 Disclosure of Trustee / Related Party Transactions

David Memery, a trustee of Bridge until 1[st] Dec 2024, is employed by Create Strength Group (CSG), Charity No 1193551 as their senior manager. Bridge received £3,600 from CSG in 2025 for office accommodation and support services (2024: £4,620), Bridge paid £450 to CSG for staff training in 2025 (2024: £400), and no payments were made in 2025 through the City Wellbeing Hub small grants scheme (2024: £955)

Payments of £325 were made to Peter Sleigh (Trustee) in 2025 for services in a professional capacity, outside of their role as a trustee. (2024: £375)

29 Ultimate Controlling Party

The charity is under the control of the board of trustees.

30 Post Balance Sheet Event

There are no post balance sheet events to report.

Annual Report and Financial Statements 2024-25

The Bridge Project Registered Charity No 517356 Company Limited by Guarantee No 01946704

43