Charity registration number 700843 (England and Wales} Company reglstration number 2236686 BRIDGEWOOD TRUST LIMITED ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
BRIDGEWOOD TRUST LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs C R E Edwards Mr N S P Greenwood Mrs B J Ireland Mrs L M Roberts Mr M Tagg Mr J L Turner Mr R Wray Chairman Mr J L Turner Secretary Mrs D J Langford Senior management Mrs D J Langlord Ich. Psychologistj Mr S Carpenter IBA (Hons), ACMA, CGMA] Chief Executive Officer Director of Finance and Facilities Charlty number 700843 Company number 2236686 Registered office St Pauls House Armitage Bridge Hudderslield Wesl Yorkshire United Kingdom HD4 7NR Auditor BK Plus Audil Limited 52 St Johns Lane Halifax Wesl Yorkshire England HX12BW Bankers Barclays Bank plc 17 Markel Place Huddersfield HDI 2AA Bank of Scolland 116 Wellinglon Street Le8ds LS14LT Santander Bank UK plc 44 Merrion Street Leeds LS2 8QT Scottish Widows Bank plc 67 Morrison Street Edinburgh EH3 8YJ Yorkshire Bank 30 Sl Vincent Place Glasgow G12HL Solicitors Wrigleys 19 Cookridge Street Leeds LS2 3AG
BRIDGEWOOD TRUST LIMITED CONTENTS Page Trustees, report Slalemenl of trusle8s' responsibilities 11 I ndependenl auditor's r8POrt 12-15 Consolidated statement of financial aclivilies 16 Group and Charity balance sheet 17 Consolidated slalement of cash Ilows 18 Notes to the consolidated financial slalemenls 19-30
BRIDGEWOOD TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The truslees present their annual report and consolidated financial slalements for the year ended 31 March 2025. The financial slalements h2ve been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with Ihe charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Slandard applicable in th8 UK and Republic of Ireland" and Ihe Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Praclice applicable lo charities preparing iheir accounts in accordance with the Finanual Reporting Standard applicable in the UK and RepL¢blic of Ireland (FRS 1021" Objectives and activitles As sel out in the Trust's Memorandum and Articles of Association, the objectives for which Bridgewood Trust is 8slabSished are lo promote the care. Irealmenl and education of children and vulnerable adults and in particular (but not limited lo) children and adults with learning disabilities. The Trust aims to achieve its objectives Ihrough the aclivities of providing residential, domiciliary and day services for people wilh a learning disability. The benefit provid6d by such activities enables those people with a learning disability who access our services, a sale environment in which to lead fulfilling lives whilst receiving any necessary support appropriate lo their needs and for those who attend our day seNi¢es lo learn skills and lake part in activities lo give them life experiences with the aim of achieving an independenl life-style and possibly employment. The Charity Commission's general guidance on public benefit has been used for reference when compiling this report 8nd in planning future developments and activities. The services of the Trust are, primarily, available to any person wilh a learning disabillly in the general community who has a support plan which enables them to receive, by referral from local authorities, any appropiiale benefit that the Trust can provide, whether Ihal is residenlial, domiciliary or day service. In such cases the local authority would be responsible for all or part ol their fees as delermined by Ihe oulcome of a financial means lesl which remains confidential to the individual and the assessor. The Trust has always aimed lo provide value for money services lo funding authorities and is noled for charging low lo modesl fees for the seNices il provides. Access lo our services has never been denied lo any person with a learning disability on the ground5 of in8bilily lo pay. If the Trust considered that the services il provides would not meet an individual's needs or would even be inappropriate to that persons needs this would be discussed openly with all concerned and would focus on identified needs not funding issues. Anyone inquiring aboul our services and how lo access them on behalf of a person wilh a learning disability who did nol already have a local authorily assessmenl in place would be directed lo the appropriate IoGal authority department as the first slep. There are no geographical reslriclions, our service users can be referred by placing authoTilies Ihroughoul the United Kingdom. The Trust has provided day services lo people both short term and long lerm wilhoul receiving any funding from local authorities using our own funds raised through day seNice aclivilies. The Trust also supports people with a learning disability in the general community through social networks by inviting them lo join in aclivilies and holidays organised by the Trusl. Al an individual level, if a service user cannot afford the cost of a holiday, or personal items such as clothing, the Trust will assist. The Trust aims lo be a responsive provider of SeICes, buill around the needs of the individuals we support. We aim to offer choice, great support and lo provide the general public with a positive image of learning disabilities, by respecting the differing strengths of service users and meeting their individual needs and preferences in a caring, supportive and professional manner. All service users have regular reviews lo which their families and friends are invited. These reviews ensure that the service users are central to the planning of their support seNices. All members of Ihe Trust's staff receive 3 detailed induction including the Care Certificate and a comprehensive training brochure. The Trust places greal emphasis on training as it can only deliver its slated aim by liaving a molivaled and well trained workforce able lo Iranslale principles inlo every day best practice. {Please refer lo the Skills for Care Code of Conduct for Healthcare Support Workers and Adult Social Care Workers in England" lor further information on besl practice). Staff training is also one of the topics covered in the staff appraisal and support 8nd supervision systems which are an integral fealure of Ihe Trust. All new slaff are subject to a lengthy recruilmenl process including an enhanced level of Disclosure and Barring checks.
BRIDGEWOOD TRUST LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The Trust provides accommodation in Kirklees and Calderdale and can support over 120 people in 28 homes on 13 siles, 18 of these homes being either single or 213 bedroom houses. All our homes are different and what makes them different is the people who live in them. Everyone has a say in how their home is run and everyon8 who can helps to run them. The Tiusl is fortunate in having a variely of facilities enabling it to meet the needs of differing people wilh varying strengths and support requirements. All Bridgewood service users have frequent contacl with service users from other homes and should they ever wish lo consider moving to another home this can be discussed through the review process. All the services have their own Statement of Purposes and Service Users Guide. The Trust's day service facilities offer opportunities to meet people and Iry new things including further 8ducalion, employm8nl training and opportunities to develop living skills, craft and horticullLtre knowledge. They currently provide approxim8lely 90 places lo seNic8 users. The day seNices also have a s8parat8 brochure which is available if further information is requirad on the range of activities available. Bridgewood's Community Support seNice provides support in people's own homes. It provides personal Care, domestic or leisure support, whether il is for one hour a week or Iwenty four hours a day, it is built around individuals and the support they wanl to receive. This service also has its own brochures and guides. We also offer short staylrespile care because, whether for a carer or a service user, a change is as good as a rest. Whether a slay is for one night or a month. or longer, we will provide individuals with an oulstanding setvice thal will meet all their needs while Ihey slay wilh us. Mission slatemènl Bridgewood is built around the needs of individuals wilh a 18aming disability and their famSly and friends. Bridgewood Trust's aim is lo provide choice and the highest standard of personalised service to people, which builds upon Iheir existing skills, devélops new ones and is geared towards meeting their indivldual needs and preferences. We achieve this by developing and invesling in a knowledgeable and molivaled staff leam who will create an environment where people with learning disabilili8s lead a Vdlued, meaningful and fulfilled life. The Trust's vision Th8 Trust aims lo offer choice and great support lo meet the aspiralions of people with a learning disabilily within th&ir local community. It offers support and advice lo all those who conlacl il for help or even just a second opinion. For those who access any services the TTUSt provides, we wish them lo experience a professional individualised standard second to none. We want our servicè users to know our seNices are built around them. Brid ewood service users Our service users are those for whom we provide day, residential, short staylrespite care and domiciliary services. We respect the diffeTing slrenglhs of people and provide support buill around each individual. No two people are Ihe same and therefore no two support plans are the same. We deliver services within local communities.
BRIDGEWOOD TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Brid ewood staff Bridgewood Trust IS Gommitted lo recruiting a molivaled and varied staff team, who come from a witje variely of backgrounds, and reflect the ethnic diversity of the communilies in which we operate. All staff are enrolled on a comprehensive induGlion programme which ensures that Ihey become familiar wilh the aims and objealives of the Trust. They are supported by having access lo a training department and staff development broGhure which develops new competencies and challenges staff to develop Iheir underslanding, skills and knowledge of Iheir area of employment. All staff are provided wlh a job description which clearly slates the objectives of the job and the required training and experience and a personal specificalion. An appraisal and support an(J supeNision system is in operalion whereby staff are advised and encouraged in their career path and training n8eds are identified. Relevant training is provided, using both internal and external resources as n8cessary. Addilional support for slaff is available through line managers, area and training managers, staff repr8S8ntalives and human resource personnel. The Trust has IhoroLtgh recruilmenl and velling procedures in place. It has safeguarding polici8s and procedures to Protect individuals from abuse. 11 works with a variely of agencies to ensure everybody feels safe and confldenl lo report any concerns they have. W8 value the support and guidance of all Ihose profes51onals who support individuals and thos8 who are responsible for ensuring our conformity to legal and slalulory requirements and good practice i.e. all our stakeholders. Brid ewood facilities Bridgewood Trust operates from many premises and has an exlensive fleet of vehicles. All premises 3re designed to be integrated into the communily and support and enhance the lifestyle of those using Ihem. The m8inlenance of the buildings is constantly ongoing lo ensure Ihey are of a high standard and meet the needs and lasles of those who live in or access Ihem. Everyone who is part of Bridgewood is encouraged to consider Ihe need lo use environmental resources in a suslalnable manner and make use of recycling facililies wherever possible. Publlc benefit The Iruslees have paid due regard lo guidance issued by the Charily Commission in deciding whal aclivili85 the charity should undertake.
BRIDGEWOOD TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and performance Significant aclivilies and achievemenls againsl obj8Ctives This year has been another successful year for The Bridgewood Trust. We continue lo pul the inleresls of our service users at the centre of everything we do. The mission statement of Bridgewood Trust is "Togather we Open Doors" and we have al the heart of all our activities the aim of ensuring our SeiCe users live Ihe life they wanl to live in warm, well maintained and welcoming homes. Our Day Services provide a range of opporlunities to introduce people lo new activilies and develop existing ones in line with our Servi users inlerests and aspiralions. We can achieve lillle without the commilmenl and hard work of all our staff and volunteers who support Bridgewood Trust so w811. We aim to provide rewarding working conditions, career progression and training opportunilies lo enable all our staff lo carry out Iheir responsibililies in a confident and caring way. We are also appreciative of all the support we receive from families. friends, and numerous professionals from many agencies who contribute to the quality of the services we are able lo provide. From inspections to advocacy we benefit from all the conversations and guidance we receive to enable ourselves to meet, and hopefully exceed, all the many regulations, requirem8nls and good practice guidance that is cenlral lo delivering social care in a modern and ever-changing environment. Bridgewood Trusl is delighted that il has maintained ils Good and Outslanding Care Quality Commission (CQCI ratings throughout the year. All our regulated SeiceS are working towards trying lo achieve one area of Oulslanding in their ratings, and frequently when they achieve 8 Good rating there is a little disappointment that the Oulslanding rating remains out of reach. 11 is pleasing lo note Ihal once again we have been able to maintain the Bridgewood Trust's ISOQAR Quality System with in person and on-line aLtdits. The annu81 renewal of our registration with the Conlractors Health and Safely Assessment Scheme (CHAS) was once again successful and demonslrales our continuing compliance wilh Ihis accreditation scheme. We have conlinued this year lo expand the number of our services Ihal have progressed with the digilalisalion of their care records. We commenced this piece of work lasl year. Given Ihe number of our residential services, this is a large projecl and il will continue Ihroughoul the next year. We have introduced services and staff lo this new way of woi'king a few homes al a lime. This has been sucsSful with homes able to support each other as they gel lo know the technology. 11 has been positively received and we are grateful for Ihe lime and effort members of staff have given lo getting lo undersland and promote this way of working. In order lo have warm and welcoming buildings for our Seice users to call home, 8s always, many repairs, refurbishments and new purchases have happened this year. The creation of new storage and office facilities has been completed al Sl Paul's House. 11 is working well, and training and inductions are benefiting from the new office space. All our buildings, have been subjecl lo upgrades to Iheir fire prevention and conlainmenl facilities. Upgraded fire doors, fire panels and intruder alarms have been actioned in many services. This has involved major decoration and repairs, once compleled. A register of all Bridgewood Trusl's fire doors is being compiled, lo ensure they are certificated and going fonNard continue lo work effeclively and meet all regulatory standards. We have also carried out all the fire recommendations made by the Fire Officer, visiting our homes. throughout this year. The signage project, which was commenced last year, has continued throughout this year. We now have smart and welcoming signs al all our larger services, which aim lo give a professional and modern feel to the services, for service users, families and visitors. There is no excuse now, for people not being able to find locations. In anlicipalion of the telecom switchover to digital systems, we have extended the inlernet services within all our services with new distribulion unils lo support this Iransilion. We now have a new telephone syslem, linking all the services and are (hopefully) fulureproofed in Ihis area.
BRIDGEWOOD TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Two services. Bridgewood House and Newsome Road, have had exlensive roofing repairs. Bridgewood House has also had new windows and work carried out to ils main lounge. A new posture management bath has been inslalled at Bridgewood House and in addition, the service has also gained, much needed, new external storage facilities. Yews Hill and The Gables have had new nurse call systems inslalled. to facilitate communication within the setvices. Well Royd House has had major pointing works. Cleveland Road has had new PIR sensors and electrical work c3rried oul. Colne House has had new medication cabinets and new metal distribution boards. The bedrooms at Mounljoy have been redecorated and then carpeted and personalised in line with personal preferences and tastes. The service users have taken great pride in their choice Df items and furnishings. New furniture has been purchased for many homes, including Bridgewood House, Ravensknowle Road and Cleveland Road. We lake great pride in the presentation of all our SeiceS and have fun selecling furnishings with service users lo reflect their choices and preferen¢es. Mountjoy Road, has had considerable external building work take place this year. A new rear ramp lo the back of the property is in the process of being installed, a major piece Df work given the height of the back door and number of steps lo reach ground level. This, when complete, will enable wheelchair and disabled friendly access into and out of the home. The car parking arrangements have also been improved, by removing some of the front wall and creating 213 new parking places. The building is looking even smarter Ihan before. Thank you lo all service users and staff who have put up with the disruption. The seNices have all continued lo offer their service users access to a wide range of activities and events. They ar8 very much part of their local communitles and attend local evenls, festivilies and support local Gharilies. Bridgewood Trust is also pleased Ihal we have been able lo maintain our donation lo the Huddersfield Galeway Club to support them with thelr a¢livilies. Their evening events on a Thursday ar8 valued by our service users as an opportunity lo socialise with their friends and have a relaxed night out. We have organised numerous day visits, birthday parties and holidays. Holidays include Wheatley Lane going to Wilhernsea, Soulhlees visiling Scarborough and North Rise holidaying in Filey. Other s8rvices have travelled lo Bridlinglon, Blackpool. Harry Polt8r Studios and London. Day trips have included many local places of interest, Blackpool lighls, Manchester airport, the coast, train and canal journeys to celebrate birthdays and just lo have a good time. As always, we thank all our staff for the time and effort they pul into ensuring the safety and enjoymenl that our service users derive from Ihese aclivilies. They are so valued and looked forward lo. Recruilmenl within the Health and Social Care sector continues to be challenging. We are pleased that we enjoy a high staff re18nlion record, but nevertheless staff do retire. move lo new careers or reduc8 their hours, and we have new slaff joining ours81ves every year. Reliance upon agency staffing. when required, is Costly and unsettling for our service users and exisling staff team. The Sponsorship Status under the Home Office's Shortage Occupation Scheme which we have been granted has beon effective in supporting our existing recruilment cliannels. This is enabling us to build a stable staff team and reduce Bridgewood's reliance on agency staffing and the premium cost of employing staff in Ihis way. The Bridgawood in Bloom competition which we initiated last year went from strenglh to strength Ihis year. More services entered and the rivalry wliilst friendly was lierce. The theme was "The Birds and the Bees" and this was inlerpreled in many and varied ways. Our service users and staff had great fun and thanks go lo Sandra and Mags for having the unenviable task of judging the winners. Congratulalions are due lo Colne House who were awarded first place, Bridgewood House second place and Well Royd third. The worlhy runners up in no particular order were., Southlees, Ravensknowle Road, Newsome Road, Cleveland Road, The Gables, Wheatley Lane and Yews Hilll North Rise. Every service received a prize and the admiralion of everyone. The theme for Bridgewood in Bloom 2025 is 'Flowers, Fruil and Flour, Grow it. Cook il and Eat it.. Towards the end of tl)e financial year, one of the housing providers we rent properties from, Connect Housing, discussed with Bridgewood the possibility of some of the properties being purchased by ourselves. This would have the advantage of Bridgewood Trusl being able lo bring Ilie mainlenance and furnishing issues relating to Ihese properties in house. Whilst these discussions are al a very early stage, and the oulconie uncertain, Ihese discussions are likely to continue into the next financial year.
BRIDGEWOOD TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Training and Development As always Bridgewaod Trust's training and development programme has been busy and creative. New staff means new inductions and extensive mandatory training. Mosl of the mandatory training requires updating and refreshing so the new training room and ils facililies have been w811 used this year. Within Ihe last two years fifty members of staff have completed Ihe Oliver McGowan on8 off training. This has been well r8eeived. We continue to run many First Aid, Lifevac (an anti-choking device) and Fire extinguisher tiaining ourses. We are pleased to have been able to reintroduce Makaton training, with a new provider this yèar, following tha retirement of the previous trainer. We are looking to provide more courses in Ihis drea in the nexl year, possibly home specific, lo address the individual needs of each servi. Training responds lo the needs of our seNice users. The requirement for one of our service users lo have accoss lo oxygen, has involved organising training in this area for all staff al the home, a new policy for the safe handling and administration of medical gasses and consullalion on fire safety practices. In other homes we have had Securicare to deliver Personal Behavioural Support plans and training for members of staff. Locala have also delivered advanced care planning training for some staff, which was very well received and has been requested by other staff. During the last y8ar, nine members of staff have completed their Care Certificale qualifications. Two members of staff have achieved Ihe level 2 diploma in care, one has achieved the level 3 apprenticeship in adult care, one has completed the level 5 diploma in leadership and management, and two the level 5 diploma in health and social care management. We have many olh8r members of staff who are Currently undertaking similar areas of study. 11 is rewarding lo see how many molivaled and ambitious members of slaff we have and how commilled they are lo progressing their knowledge and career opportunities. During Ihis year for Health and Safely requirements we were required to carry out DSE assessments, A DSE assessment is a risk assessment which is required for all people who use display screens in their work for an hour or more each day.11 is a legally mandaled evaluation of risks for members of staff who use electronic devices such as displ8y monitors, laplops, lablels and smartphones as part of Iheir normal daily work routine. This covered the majority of all Bridgewood Trust staff. The training manager accompanied our Heallh and Safely Consultants on visits lo all Bridgewood work places to carry oul Ihese assessments and followed up on the requirements and recommendations made. Going forward, the training manager will continue lo promote good practice in Ihis area.
BRIDGEWOOD TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Day Opportunities Bridgewood Day Opportunities have enjoyed another positive and creative year. The opportunities provided are so valued by ils service users and promote a sense of well being and purpose for all. Horticullure The many improvements and refurbishments carry out al horticullure last year have been built upon this year. There has been the installation of improved garage ventilation. new firelintruder alarm equipment fitted and all fire doors have been upgraded. There is now improved storage facilities on site, which will enable flammable materials, lawn mowers and olher equipment lo be stored away from Ihe main building. The cladding lo the building looks impressive, Ihe facility will be greatly appreciated and used by everyone based Ihere. Mention should also be made of the new fish pond. 11 came into fruition as a response lo creating new draining facilities on sile. Visitors enjoy the restful experience of visiting the fish and just enjoying the enhancement lo the sile they have created. The Iwlce-yearly Open Days continue to be very popular, and atlracl increasing numbers of visitors, many of whom continue lo visit throughout th8 year. We have this year moved lo cafd paymenl machines for visitors lo make payment by card as well as cash. We really have moved into the digilal era this year.11 has proved easy lo use and we are now looking al installing a second machine, such is Ihe volume of visitors paying this way. We have continued to provide an excellent gardening mainlenance seNice to all our residential services and supported them with advice and plants for Iheir Bridgewood In Bloom entries. The garden maintenance seNices we provide lo outside services is also well received and we are popular visitors lo many siles. The horticulture seNice has joined with Bridgewood Trust's other day servlces, Armilage BNdg8 and Bryan Road lo enjoy celebrations and social activities, Ihese have included a Chrislmas meal. the Euro football sweep slakes, pond dipping in Greenh88d Park and individually they wenl lo auctions for Christmas trees in late November. eandB an Road Armila e Brid As always both services had 8 wide range of activities on offer. Regular highlights include samba, cycling, bowling, Square Peg and Mellham Pie and Peas Tuesday Luncheon. Many new activities have also been tried this year. There was a visit lo Ihe Huddersfield Football ground with a lour and a visit lo the Mellham Fire Slalion wilh a demonslralion of their work. We also went lo the Alexandra Park Bradford Nalional Science and Media Museum when il reopened In Novémber. We celebrated the Chinese New Year in January and St Patricks Day in March. There was a Halloween week long event in November and an Olympic week event earlier in Ihe year, in Augusl. Gomplele with medals. We have taken part in the Learning Disabilities week Picnic in the Park event, allended fun sessions al the Zone, Huddersfield, been on many barge Irips and made shadow puppels with Sharing Memories. Providing goods for th8 Craft shop has also continued lo be a regular activity and this year we have commenced making resin items for sale as well as our wide array of other craft items. We have also Iried marbling plales, slenciling on cards and writing wilh a quill and ink for a Harry Poller event.
BRIDGEWOOD TRUST LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charlty Flnanclal review Total incoming resources for the year increased to £7,342,911 (2024 '. £6.511.462 ). The main Source of income continues to be residential fees received from the local authority. Total resources expended increased to £6,477,023(2024 , £6,003,008) and nel incoming resources were £865,888 (2024 '. £508.454). The fixed assets of the Trust are represented by buildings, furniture. equipment, fixtures and furnishings in the various establishments and motor vehicles for service users. maintenance and management use. The net assets of the Trust at 31 March 2025 were £13,209,219 compared with £12,343.331 at 31 March 2024. The subsidiary company, Bridgewood SeNi¢es Limited, provides seNice users with life skills training and educationl employment opportunities. The service company's operating profit for Ihe year, before tax and the gift aid payment lo the Trust was £23,076 (2024 . £94,815). Group Flnancial review Total incoming resources for the year increased lo £7,784,534 (2024 . £6.981,205). The main source of income continues to be residential fees received from the local aulhorily. Tolal resources expended increased to £6,955,945 12024 '. £6,479,934) and nel incoming resources before taxation were £828,589 (2024 . £501.271} The fixed assets of the Trust are represented by buildings. furniture, equipment, fixtures and furnishings in the various establishments and motor vehicles for seNice users. maintenance and management use. The net assets of the Trust at 31 March 2025 were £13,300,575 compared with £12,471.094 at 31 March 2024. Group Resewes policy Bridgewood Trust's general reserves, defined as unreslricled funds not committed or invested in tangible or intangible fixed assels and including non-cash items, al 31 March 2025 stood al £9,030,740 equivalent to 16.9 months unrestricted, non-designaled expenditure. The Trust has been working in an environment which in recent years. as a result of the pandemic and relatively high rates of inflation in the last couple of years, has seen significant fluctualions in income and costs. However, these particular external influences are now diminishing, enabling the Trust to concentrate resources on aspects of service delivery, meeting regulalory requirements and minimising the risks associated with working in a compelitive environment. Maintaining this level of unre51ricted general reserves also gives the Trust Ihe opportunity lo respond promptly and effectively to any future development opportunilies that may arise. There is no proposed change to the Designated Project Fund vthich remains at £1,252,843 Inveslmenl policy The Trust currently has no commitmenls to substantial capital expenditure but Ihe charity 15 well placed financially to take advantage of any opportunilies that present themselves. This directly effects our consid8ration of where to best place our funds to ensure that they can be accessed within an appropriate lime-frame for Ihe development of additional learning disability services. Therefore, the policy of keeping funds not required for ongoing business purposes in relatively short-lerm deposit accounts ranging frorn three months to Iwo years is slill considered to be a reasonable and best course of action. However. in the past year, rates of interest offered by term deposit accounts have decreased slightly but the variety of accounts available has remained consislent. The security of monies being invested in deposit accounts is Considered preferable to the uncertainly and downside risk associated with a share portfolio.
BRIDGEWOOD TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Plans for future periods In the forlhcoming year we will aim to mainlain and improve Bridgewood Trust's CQC raling5, hopefully oblaining more areas of Outslanding. We will hopefully complete the implementalion of the Person-centred Soflware digilalisation project in all residential services and il will become embedded in our seNice delivery. There will be two large Maintenan projects to complele, the storage facilities at Horticulture and the installation of the external fire ramp at Mountjoy. We will then look at the fire evacuation facilities at olher seNices and improve these where required. 11 is likely that new fire exits and changes maybe required at olher services. The discussions concerning the possible purthase of some properties from Connect Housing will Gonlinue inlo the new financial year and are likely to require considerable managemenl lime. As always. the new financial year will be a busy and rewarding one, hopefully with lots of fun and achievements for all involved with Bridgewood Trust. structure, governance and management Bridgewood Trust Limited is a company limited by guaranlee incorporated undar the Companies Acl 1985, company no. 2236686 and is govern8d by its Memorandum and Articles ofAssocialion d31ed 16 Oclober 2014. The company is also a registered charity, charity no. 700843 and operales on a not for profit basis under (he name 'The Bridgewood Trust,. Its reglstered office is 4-6 St Paul's House. Armitage Bridge, Huddersfield, Wesl Yorkshire, HD4 7NR, The charity has a trading subsidiary, Bridgewood Sorvices Limiled, a company limited by shares, registered company number 03045628. The company is governed by the Board of Iruslees I'lhe Board,) as directors of the charitable company. The Board Is responsible for Ihe overall policy and scrutiny of the financial performance of the organSsalion. The Board ensures the accountability lo key funders and stakeholders. It is Ihe responsibility of the Board lo appoint the Chief Executive Officer. The day to day management of the company is delegaled by the Board to Ihe Chief Executive Officer overseeing the senior management team. The trustees, who are also the directors for the purpose of company law, and who served during the year and up lo Ihe dale of signature of the financial slatemenls were: Mrs C R E Edwards Mr N S P Greenwood Mrg B J Ireland Mrs L M Roberts Mr M Tagg Mr J L Turner Mr R Wray Recruitment and appointment of trustees The Trust ensures the managemenl committee has a range of knowledge and experience relevant ID the role. If a specific knowledge or experience requiremenl gap was to be identified, possible new members would be considered against Ihe relevant person specification. The Chief Executive ensures all Ihe appropriate documentalion, visits and allendance al previoLts meelings have been made available lo new members.
BRIDGEWOOD TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Koy manag8m8nt personnel Chief Execulive and Company Secretary- Mrs D J Langford Ch. Psychologist. Director of Finance and Facilities- Mr S Carpenter BA(Hons). ACMA. CGMA. Mrs D J Langford IS T8gistered- wilh the Care Qualily Commission as the18gally responsible individual for residential and domiciliary services. Risk managem6nt The Irusle8s and management team have considered the main risks to which the Trust is exposed and assessed the possible effects of those risks on the Trust's ability to conlinue to provide its current level of seNiGes. Internally, the Trusl regulady r8views and updates its policies and procedures, in particular, wilh regard lo Ihe heallh and safely of all persons connected with the Trust. Other risks considered are slralegic, financial, operational, regulatory and repulalional risks. Although levels of risk vary from year to year. Ihe trustees and management are of th6 opinion that appropriate financial resources are in reserve and thal systems are in place and subj8cI to sufficient r8Vl8W to enablè the Trust lo work with those risks. Auditor In accordance with the company's articles, a resolulion proposing Ihat BK Plus Audil Limited be reappointed as auditor of lh8 company will be put at a G8neral Meeting. Dlsclosure of Information to auditor Each of the trustees has confirmed Ihat there is no infomialion of which they are aware which is relevant lo the audit, but of which the auditor is unaware. They have further confirmed that they have tak8n appropri818 steps to identify such relevant informalion and lo establish that Ihe auditor is aware of such information. Th8 trustees, report was 3pproved by Ihe Board of Trus18es. Mr J L Turner Trustee Date: 17 10
BRIDGEWOOD TRUST LIMITED STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trusl8es. who are also the directors of Bridgewood Trusl Limited for the purpose of company law, are responsible for preparing the Trusl8es' Report and the financial stalements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial slatemenls for each financial year which give a true and fair view of the slate of affairs of the Gharily and of the incoming resources and application of resources, including Ihe income and expenditure, of the charitable company for that year. I n preparing these financial slatemenls, Ihe IrLFStees are required lo: select suitable accounting policies and Ihen apply them consislenlly., obseNe the mathods and principles in Ihe Charities SORP; make judgements and eslimales thal are reasonable and prudenl; state whether applicable UK Accounting Standards have been followed, subject to any malerial departures disclosed and explained in lh8 financial statements., and prepare the financial statements on the going conGern basis unless it is inappropriale to presume that the charity will continue in operation, The Irusle8s are responsible for keeping adequate accounling records that disclose with reasonable accuracy al any time the financial position of the charity and enable them to ensure Ihal the financial slalements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for laking reasonable steps for the prevention and detection of fraud and other irregularities. 11
BRIDGEWOOD TRUST LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BRIDGEWOOD TRUST LIMITED Opinion We have audited Ihe financi31 statements of Bridgewood Trust Limited {Ihe 'parent charitable company,) for the year ended 31 March 2025 which comprise the statement of financial aclivilies, Ihe balan sheet, the s18tement of cash flows and notes lo the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Aecotsnling Standards, including Financial Reporting Standard 102 The Financial Reporting Slandard applicable in Ihe UK and Republic ol Ire18nd (United Kingdom Generally Accepted Accounting Praclice). In our opinion, the financial statements.. give a true and fair view of the stale of the group's and parenl charilable company's affairs as al 31 March 2025 and of ils incoming resoLtrces and applicalion of resources, including ils income and expenditure, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance wilh International Standards on Auditing {UKI (ISAS {UK)) and applicable law. Our responsibilities under those slandards are further described in the AudiloRs responsibililies for Ihe audit ol Ihe financial statements section of our report. We are independent of the group and parent charilable in accordance wilh the elhical requirem8nls Ihal are relevant to our audil of the financial slatemenls in the UK, including the FRC'S Ethical Standard, and we have luifilled our other ethical responsibililies in accordance with Ihes8 requirements, We believe that the audit evidence we have oblained is sufficient and appropriate to provide a basis for our opinion. Concluslons relating to golng concern In audiling the financial slalements, we have concluded Ihat the Iwstees. use of the going concern basis ol accounling in the preparation ol the financial stalemenls is appropriate. Based on the work we have performed, we have nol identified any malerial uncertainties relating lo events or conditions that, individually or collectively, may cast signilicanl doubt on Ihe group and parent charitable ability lo continue as a going concern for a period ol at leasl twelve months from when the financial slalemenls are aulhorised for issue. Our responsibilities and the responsibililies of the trustees wilh resp8cI lo going concern are described in the relevant sections of this report. Other information The other informalion comprises the information included in the annual repori olher than Ihe financial statements and our auditor's report Ihereon. The Iruslees are responsible for the other informalion contained within the annual report. Our opinion on the financial statements does not cover the other information and, excepl lo the extent othemise explicitly slated in our report, we do nol express any form of assurance conclusion thereon. Our responsibility is to read the olher information and. in doing so, consider wl)elher Ihe other information is malerially inconsislenl with the financial statements or our knowledge Dblained in the COLtrse of the audit, or otherwise appears lo be materially miss13ted. If we identify such material inconsislencies or apparent material niisslalemenls, we are required lo determine whether this gives rise lo a material misslatemenl in Ihe financial stalemenls themselves. If, based on the work we have performed, we conclude thal there is a malerial misslalement of this olher information, we are required lo report Ihal fact. W8 have nothing lo report in this regard. Opinions oli other matters prescribed by the Companies Act 2006 In our opinion, based on the work underiaken in the course of our audit.. the information given in the Iruslees. reporl for the financial year for which the financial statements are prepared, which includes the directors. report prepared for Ihe purposes of company law, is consistent with the financial slalemenls., and the directors, reporl included within the trustees, report has been prepared in accordaiice wilh applicable legal requiremenls. 12-
BRIDGEWOOD TRUST LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF BRIDGEWOOD TRUST LIMITED Matters on whlch we are required lo report by exception In the lighl of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misslatemenls in the directors, report included within Ihe trustees, report. We have nothing to report in respect of the following malters in relation lo which the Companies Acl 2006 requires us lo report to you if. in our opinion- adequate accounling records have not bean kept. or r61urns adequate for our audit have not béan received from branches not visited by us., or the financial slalemenls are not in agreement with the accounting records and returns., or certain disclosures of trustees, remuneralion specified by law are nol made. or we have not received all the information and explanations w6 require for our audit., or the trustees weré not entitled lo prepare the financial statements in accordance with the small companies regime and lake advantage of the small companies. exemptions in preparing the trustees, report and from the requir8menl to prepare a strategic report. Responslblllties of trustees As explained more fully in the statement of Iruslees, responsibilities, Ihe trustees, who are also the directors of the Charity for the purpose of company law, are responsible for the preparation of Ihe financial statements and for being satisfied that they give a true and fair view. and for such internal control as Ihe Ifuslees determin8 is necessary to enable the preparation of financial sliqlements that are free from material misslalemenl, whether due to fraud or error. In preparing th8 financi31 slalemenls, the Iruslees are responsible for assessing Ihe Charity's ability to continue as a going concern, disclosing, as applicable. mallers related lo going concern and using the going concern basls of accounling unless Ihe trustees either intend lo liquidate the charitable company or to ceas8 operations, or have no realistic allernalive bul to do so. Auditor's responslblllties for the audit of the finan¢lal statements Our objectives are lo oblain reasonable assurance about whether the financial stalemenls as a whole are free from material misslatement, whether due lo fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance bul is not a guarantee Ihal an audit conducted in accordance with ISAS IUKI will always detecl a malerial misslatemenl when il exists. Misslatemenls can arise from fraud or error and are corbsid8red material if, individually or in the ag9regale, they could reasonably be expected lo influence the economic decisions of users taken on the basis of Ihese financial slatemenls. The extenl to which our procedures are capable of delecling irregularities, including fraud, is detailed below. A further description of our responsibilities is available on the Financial Reporting Council's website al.- hllps'.11 www.frc.org.uklaudilorsresponsibilities. This description forms part o( our audilor's report. 13-
BRIDGEWOOD TRUST LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF BRIDGEWOOD TRUST LIMITED Other matter5 Our approach to identifying and assessing the risks of material missta18ment in respeGI of irregularities, including fraud and non-compliance with laws and regulations, was as follows.. The engagement partner ensured Ihat the engagement leam colleGlively had the appropriale competence, capabilities and skills lo identify or recognise non-compliance with applicable laws and regulations., We idenlified the laws and regulations applicable lo the company through discussions with directors and other managemenl, and from our commercial knowledge and experience of the industry seclor,. We focused on specific laws and regulations which we considered may have a direct malerial effect on the financial statements or the operations of the company, including the Compani8s Act 2006, taxation legislation and data proleGlion, anti-bribery, employmenl, environmental and health and safely legislalion. We assess8d the extent of compliance with the laws and regulations identified above through making enquiries of managemenl and inspecting legal correspondence,. and Ensured laws and regulations were communicated within the audit team regularly and the team remained alert to inslances of non-compliance throughout the audit. W8 assessed the susceplibilily of the company's financial statements lo malerial misslalemenl, including obtaining an understanding of how fraud might occur. by: Making enquiries of managemenl as to where they consider8d there was a susceplibilily to fraud, Ihelr knowledge of actual, suspected and alleged fraud., Considering the internal controls in place lo mitigal8 risks of fraud and non-compliance with laws and regulations., and Understanding the design ofth8 company's remuneration policies. To address the risk of fraud through management bias and override of controls, we., Performed analytical procedures to idenlify any unusual or unexpected relationships,. Tested journal entries lo identify unusual Iransactions Assessed whelher judgements and assumptions made in determining the accounting esllmales sel out in note 2 were indicative of potential bias- and I nvesligaled the r81ionale behind significant or unusual Iransaclions. In response to Ihe risks of irregularities and non-compliance with laws and regulations, we designed procedures which included, bul were not limited to: Agreeing financi81 slalemenl disclosures lo underlying supporling documentation: Reading the minutes of meeling5 of those Gharged with governance., Enquiring of management as to actual and potential litigation and claims., and Reviewing correspondenc8 Wlth HMRC, relevant regulators and the company's legal advisors. There are inherent limitations in our audit procedures described above. The niore removed Ilial laws and regulations are from Ihe financial Iransaclions, Ihe less likely it is Ihal we would become aware of non-compliance. Auditing standards also limit the audit procedures required lo identify non-compliance wilh laws and regulations lo enquiry of the directors and other Tnanagemenl and Ihe inspection of regulalory and legal correspondence, if any. Material misslalemenls that 8rise due lo fraud can be harder to detect than those that arise from error as they may involve deliberale concealmenl or collusion. 14-
BRIDGEWOOD TRUST LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF BRIDGEWOOD TRUST LIMITED Uso of our report This report is made solely to the charitable group'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 slate to the charitable company's members those mallers we are required to stale lo them in an auditor's report and for no other purpose. To the fullest exlenl permitted by law, we do nol accepl or assume responsibility lo anyone olher than Ihe charitable group and the charitable group's members as a body, for our audil work, for Ihis report, or for the opinions we have formed. Victoria Atkinson FCA (Senlor Statutory Auditor) For and on behalf of BK Plus Audit Limited, Slatulory Audilor Chartered Certified Accountants 52 Sl Johns Lane Halifax Wesl Yorkshire HX12BW England Dale.. K- PiuJ hiciL4 I11}e01 .. O LLLmh.(Y.2. 02
BRIDGEWOOD TRUST LIMITED CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted fund5 funds Total Unrèstrlcled fund$ 2025 2025 2025 2024 Not Income from: Donalitsns and legacies Charitable aGlivilies Olher Irading aclivilies Inveslm¢n15 1.244 6,712,674 692,379 334.157 1,244 6,756,754 692,379 334,157 6,056 6,024,823 678,791 271.535 44.060 Total Income 7.740.454 44,080 7.784,$34 6,961,205 Expènditure on,. Charilablè aclivilie8 Other expendllure Olh8r Iradlng c0518 6,265,382 57 650,850 39.656 6,305,038 57 650,850 5,905,119 13.8001 578,815 Total ¢h#rltablt •xpgndlture 6,916,289 39.656 6.955,945 6.479,934 Nel In¢om• 824.165 4,424 826,589 501,271 Tranyf•ry betwogn fundi Taxotion 892 892 17,9101 Not movgment in funds 10 825.057 4,424 829.481 493.361 R•conclllatlon of funds.. Fund balances a11 April 2024 12.471,094 12,471,094 11,977,732 Fund balan¢98 at 31 M4rch 2025 13,296,151 4.424 13,300,575 12,471,094 The slalemenl ol financig18clivilies includes all galns and losses r8cognised in the year. All income and expendilure derive from continulng IG-
BRIDGEWOOD TRUST LIMITED GROUP AND CHARITY BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2025 GROUP CHARITY 2025 2024 2025 2024 Notes Fixed assets Tanglbl8 assets Investments 14 15 4.235,410 3,993.624 4,149,018 10,000 3,920,953 10,000 4,235.410 3,993,624 4,159,018 3,930,953 Current assets Stock Debtors Cash al bank and in hand 16 17 19,075 659,928 8,969,666 19,632 458,891 8.622.848 4.500 714.538 8,852,637 4,500 703,861 8,322,239 9,648,669 9.101,371 9,571,675 9,030,600 Credltors . amounts falllng due withln one year 18 (566,2281 (605,733) 1521,4741 1618,222) Net current assels 9,082,441 8,495,638 9,050,201 8,412,378 Total assets less currenl Ilablliiles 13,317.851 12,489,262 13,209,219 12,343,331 Provlslons for liabllltles (17.277) (18,1681 Not as?¢ls 13,300,574 12,471,094 13,209,219 12,343,331 Th8 funds of the charity R8slrlcled funds Unr8slricled funds 21 22 4,424 13.296,150 4,424 13,204.795 12,471,094 12,343,331 Total charitable expendlture 13,300,574 12,471,094 13,209,219 12,343,331 The financial slalemenls were approved by the Injslees on .27 Mr J L Turngr Trustee Company regislfalion number 2236686 (England and Wales) 17
BRIDGEWOOD TRUST LIMITED CONSOLIDATED STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows froin operating a¢tivitles Cash generated from operalions Ta% paid 26 472,440 363,739 17,9101 472,440 355,829 Invostlno actlvities Purchase ol tangible lixed assels Proceeds froiii disposal of langible fixed assels Inveslmenl income received {460,515) 735 334,157 {250,679} 3,800 271,534 Net cash generated fromllused in) Investlng activllles (125,6231 24,655 Net cash used li) fiiianclng activltles Net increase In casl) and cash equivalents 346,817 380,484 Cash and cash equivalenls al beginning of year 8,622,848 8,242,364 Cash and cash equlvalenls at end of yaar 8.969,666 8,622,848 18
BRIDGEWOOD TRUST LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policies Charity informatlon Bridgewood Trust Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is St Pauls House. Armitage Bridge, Huddersfield, West Yorkshire, HD4 7NR, United Kingdom. 1.1 Accountlng conventlon The financial statements have been pr8pared in accordance wilh the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accountin9 and Reporting by Charities. Slalement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland (FRS 102)" The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in steding, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. Imodified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair valuel. The principal accounting policies adopted are set out below Group flnanclal 8talements The Statement of Financial Activities {SOFA) and balance sheet consolidate the financial slalements of the charity and its subsidiary undertaking. The results of the subsidiary are consolidated on a line-by-line basis a8 the subsidlary and parent have identical purpose. No separate Statement of Financial Activities has been presented for the charily, as permilted by Section 408 of the Companies Act 2006 and Section 24 of the SORP {FRS102).The charity has availed itself of Paragraph 4 (11 of Schedule 1 of Ihe Large and Medium sizes Companies and Groups (Accounts and Reporls) Regulations 2008 and adapted the Companies Act form8ls lo reflect the special nature of the charity's activities. 1.2 Golng concern At the lime of approving the financial statemenls, the trustees have a reasonable expectation that the charity has adequale resources to continue in operational existence for the foreseeable future. Thus Ihe tiustees continue to adopt the going concern basis of accounting in preparing the financial slatements. 1.3 Charltable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their Gharitable objectives, Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that Ihe capital must be mainlained by the charitv. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured feliably. and it is probable that income will be received Cash donations are recognised on receipt. Other donations are recognised once the chanly has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otheTwise if the charity ha5 been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known. the legacy is treated as a contingent asset. 19-
BRIDGEWOOD TRUST LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policie5 (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, il is probable that a transfer of economic benefits will be required in selllement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each aclivily are made up of Ihe lolal of direct costs and shared costs, including support costs involved in undertaking each aclivily. Direct costs allributable lo a single activity are allocated directly lo that activity. Shared costs which contribute lo more than one activity and support costs which are not altribulable lo a single activity are apportioned between those activities on a basis consislenl with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the assel's us8. 1.6 Tangible fixed assets Tangible fixed assets are initially measured al ¢osl and subsequently measured at wsl or valuation, nel of depr8ciation and any impairment losses. Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Freehold land and buildings Property capital contribution Leasehold improvements FixlLtres and fillings Computer equipment Motor vehicles Tools Soft furnishings and utensils Over 50 years Over 25 years Over 50 years Over 5 years Over4 years Ov8r 4 years Over 3 years Over 2 years The gain or loss arising on the disposal of an asset is determined as the difference between Ihe sale proceeds and the carrying value of the asset, and is recognised in the stalement of financial activities. 1.7 FSxed asset investments Fixed asset investments are inilially measured at Iransaclion price excluding transaction costs, and are subsequently measured al fair value al each reporting dale. Changes in fair value are recognised in net incomel{expendilure) lor Ihe year. Transaction cosls are expensed as incurred. 1.8 Impairment of fSxed assets Al each reporting end dale, the charity reviews the carrying amounls of ils tangible assets lo determin8 whether there is any indication Ihal those assels have suffered an impairment loss. If any sucli indication exists, the recoverable amount of the asset is estimated in order to delermine the extent of the impairment loss lif anyl- 1.9 Stocks Slocks are staled at the lower of cost and eslimaled selling price less costs lo complete and sell. Cosl comprises direct materials and, where applicable, direcl labour costs and Ihose overheads that have been incurred in bringin9 the slocks to their present location and condition. Items held for dislribulion al no or nominal consideration are measured the lower of replacement cost and cost. Nel realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and dislribulion. -20-
BRIDGEWOOD TRUST LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policles (Continued) 1.10 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-terrn liquid investments with original malurilies of three monlhs or less, and bank overdrafts. Bank overdrafts are shown within borrowings in currenl liabilities. 1.11 Financial instruments The Lharily has elected to apply the provisions of Section 11 'Basic Financial Inslrumenls, and Section 12 'Olher Financial Instruments Issues, of FRS 102 to all of its financial Inslrumenls. Financial instruments are recognised in th8 charity's balance sheel when the charity becomes party lo the contractual provisions of the instrumenl. Financial assets and liabilities are offset, with the nel amounts presented in the financial slalemenls, when there is a legally enforceable right to sel off the recognised amounts and there is an intention to settl8 on a nel basis or to realise the assel and settle the liabilily simultaneously. Basic financial assets Basic financial assets, which include d8blors and cash and bank balances, are initially measured al transaction price including transaction costs and are subsequently carried al amortised cost using Ihe effective in18rest method unless the arrangemenl conslilules a financing transaction, where the transaction is measured al the present va5ue of the future receipts discounl8d al a market rate of inleresl. Financial assets classified as receivable within one year are not amortised. Basic financlal liabiliÈie5 Basic financial liabililieg, including creditors and bank loans are initially recognised al transaction price unless the arrangomenl conslilules a financing transaction, where the debt instrumenl is measured al Ihe present value ol the future payments discounted al a market rale of inleresl. Financial liabilities classified as payable within one year are not amortised. Debt inslrumenls are subsequently carried at amortised cost, using the effective interest rate method, Trade creditors are obligations lo pay for goods or services th31 have been acquired in the ordinary course ol operations from suppliers. Amounts payable are classified as Gurrenl liabilili8s if paymenl is due within one year or less. If not, they are presented as non-currenl liabililies. Trade creditors are recognised inilially al transaction price and subsequ8nlly measured al amortised cost using the effective interest method. Derecognition of tlnancial Ilabllities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.12 Etnployee benefits The cosl of any unused holiday enlitlemenl is recognised in the period in which Ihe employee's services are received. Termination benefits are recognised immedialely as an expense when the charily is demonstrably commilled to lerminate the eTnploynient of an employee 01- to provide tei-minalion benefits. 1.13 Retirement benefits Payments to defined contribulion retirement benefit schemes are charged as an expense as they fall due. 21
BRIDGEWOOD TRUST LIMITED NOTES TO THE CONSOLIDATED FINANCIAL S I ATEMENTS (CONTINUED) FOR T14E YEAR ENDED 31 MARCH 2025 Critical accounting estimates and ludgements In Ihe applicatlon of the charity s accounling policies, Ihe Ifustees are requlred lo nke judgem&nls, eslimales and assumptions aboLJI the carrying amount of assets and liabilities Ihal are nol ieadily apparent from other sources. The esliniales and as50¢ialed assumptions are based on histr>rical experience and olher laclors that are consldered lo be relevanl. Actual ¥esulls may differ from Iliese eslimales. Tlie eslimales and underlwng assumptions are reviewed on ar) ongoing basis. Revislons lo #ccounling eslimalBS are recognised in the period in which the eslimaie is revised where the reviston allecls oiily that period, or in Ihe period of the revlslon and lulure per5(S where the revision affects bolli currenl and luluie perlods. Income from donatlons and legacies Unrostrlcfed funds Unresli'icted funds 2025 2024 Donallons and gills 1,244 6,056 Tolal Incom8 1,244 6,056 Income from charllable aclivltlès Unreslrlcted funds Restrlcled funds Total Uiireslrleled funds 2025 2025 2025 2024 Charitable actlvitle5'. ConlraclLI81 payments from Local Auihority Disabled Living Allowance Grants received 6,493.782 218,892 6.493,782 218,892 44.080 5.812,289 212,Jf34 44,080 6,712,674 44,080 6.756.754 6,024.823 -22-
BRIDGEWOOD TRUST LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 other tradlng activlties Unrestrlcted Unrestricted funds funds 2025 2024 Bridgewood SeNices Limited 692,379 678,791 692,379 678,791 Income from investments Unresti'lcted funds Unrestrlcted funds 2025 2024 Inler8sI receivable 334,157 271,535 334,157 271,535 -23-
BRIDGEWOOD TRUST LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATENIENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charltable actlvltlos CharlL3ble activltlès Charltable octlvlties 2026 2024 Dlrect Cosls staff ¢051s Depreciation and impairment Premises cos18 Cleaning, mainlenance and repairs costs Olfice cosls Staff welfare costs Daycare and client costs Training cost5 Motor and travel costs Legal 8nd professional costs Finance costs Other costs 4,477,721 189.144 413,505 402.443 170,084 24,855 388,466 33.365 188,194 4,253,373 170,202 372,835 364.636 106,573 54,812 381,097 33,273 144,557 1391 6,415 4.000 2,897 5.590 6.296,264 5,891,734 Share of support and governance costs Support 8,774 13.385 6.305.038 5.905,119 Analys18 by fund Unreslricled funds Restiicled funds 6.265,382 39,656 5,905.179 6,305,038 5,905,119 Support Costs allocated to activlti•s 2025 2024 Governance costs 8,774 13,385 2025 2024 Governance ¢03ts compri8e: Audit fees 8,774 13,385 -24-
BRIDGEWOOD TRUST LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Othgr expenditure Unrestrictèd funds Unrestrlcted funds 2025 2024 (Profill/ Loss on disposal ol fixed assets 57 13.8001 57 13,8001 Other tradlng costs Unrestrlcted fundB Unrestrlcled funds 2025 2024 Bridgewood Services Limited 650,850 578,815 650,850 578,615 10 Net movoment In funds 2025 2024 The net movement in funds 1$ slated aftér chargingl{crediting Fees payable for thé audll ol the charitys financial $talemenls Audll services Depreclalion of owned tangible fixed assets Profil on disposal of langible fixed 8s$8ls 14,774 217,937 57 13,385 195,059 13,8001 11 Trustees None ol the Irusleos lor any porsons connected with them) ro¢9ived any remuneration or benefils from th8 charity during the y9ar. -25-
BRIDGEWOOD TRUST LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Employoes The average monthly number ol ernoYeeS during the year was.. 2025 2024 Number 10 Numbgr 10 Admin and management Charitable aclivilies Other trading activitie5 133 15 129 15 158 154 Employmènt C08ts 2025 2024 Wage8 and salario$ Soclal se¢uirty costs Other pension costs 4,318,252 375,818 164,046 4,142,124 312.226 141,886 4,858,116 4.598,236 The number of employee5 whose annual remuneralion was morn than £60,000 is as follow8.. 2026 Numbor 2024 Numbor £70.001- £80,000 £80,001- £90,000 The remunerallon ol key management pef$onnel was as follows.. 2026 2024 Aggregale compensation 214,444 204,649 13 Taxation The charity is exernpl from laxalion on ils 8clivilie3 because all ils income is applied for Charitable purposes.
BRIDGEWOOD TRUST LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Tjngible Ilx•d assèts CHARITY Fr•ehold land and bulldlngs Leasehold Impovements FlxtUTes and rittings Motor ¥Bhi¢lès Total Cost or valuatlon Al 1 April 2024 Adijillons Dlsposals 4,788,685 72,357 148,823 60.104 1,174.693 238.590 (3.5461 314,422 46,950 6,426,623 418,001 (3,546) Al 31 March 2025 4.861,042 208.927 1.409,737 361,372 6,841,078 Dgprèclatlon and Impalrment Al 1 Aprll 2024 Depreciation charged Ill the year Ellminaled on dispos818 1.218,989 74,983 8.391 4,179 1.009.298 84.790 {2.7541 268,992 25,192 2,505.670 189.144 12,7541 Al 31 March 2025 1.293.972 12.570 1,091,334 294,184 2,892,060 Al 31 Marth 2025 3,567.070 196.357 318,403 67,188 4,149,018 Al 31 Mafch 2024 3,569,696 140.432 165.395 45.430 3,920,953 Included wllhin Ireehold land and buildlngs Is land valued al £873,c (2023 . £973.000} upon whlch no depreGlallon Is provlded. 27-
BRIDGEWOOD TRUST LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 rangiblo flxed assBts ICont¥nyedl GROUP Freehold land and buildings Leasehold impovements FixluTe5 and filting5 lQlotor vehicles Total C05t or valuallon Al 1 Api'il 2024 Addllioiis Oisposals 4.188.685 72,357 171,122 77.43 1,317,586 263,770 13,5461 419,803 46,950 6,697,196 460,fJ15 13,5461 Al 31 Marcli 2025 4,861,042 248.560 1.577,810 466,753 7.154,155 Depr&cSation and Impalrment Al 1 April 2024 Depreclalion cliarged in lh8 year Ellminalpd on disp058ls 1.218,989 74,983 28.646 9.023 1.124,625 97,976 12,7541 331,312 35,955 2,703.572 217,937 12,7541 Al 31 March 2025 1,293,972 37,669 1,219.847 367,267 2,918,75J Al 31 March 2025 3.567,070 210.891 357,S63 99,486 4,235,410 Al 31 March 2024 3.569,696 142,476 192.9G1 B8,491 3,993,624 Included wlliin freehold lar*d And buildlngs 15 land valuèd at £973.00012024 '. £973.1)001 upon which no depieclalion Is provided. -28-
BRIDGEWOOD TRUST LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Fixed asset inveslments GROUP CHARITY 2025 2024 2025 2024 Market Value Al 1 April 2024 and 31 March 2025 10,000 10,000 Net Book Value Al 31 March 2024 arid 31 MaTch 2025 10,000 10,000 There were no inveslmenl assets oulslde the UK. Th6 eompanvs inveslmanls al the balance sl)eel dale ii)clud8 Ihe following.. Brld ewood Services Llmlted Class ol Share Ordlnary 99.99% Provision of training in horiicullure, cr811 and furtl)er educalion for residenls and clients of Bridgewood Trust Limited Regislered number 3045628 {England and Wales) Yo Holding Nature of business.. Company.. Suinma of Iradin 2025 2024 Turnovèr Tolal Expendilure TaxAlion 777,975 1754,8991 892 764,782 1669.9671 17,9101 23.968 160,3751 86,905 (101,9981 Donation lo parenl ch81ity (Paid in Year} 136,4071 (15,093) Suinn)a Assets Liabilities of as5els and liabililies: 225,528 1124,1731 398,017 1260.25Jl 101,355 137,762 16 Stock GROUP CHARII'Y 2025 2024 2024 Finished goods and goods for resale 19,075 19,632 4,500 4,500 19.075 19,632 4,500 4,500 -29-
BRIDGEWOOD TRUST LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Debtors GROUP CHARITY 2025 2024 2025 2024 Trade deblors Almounls owed by group undertaking5 Other debtors Prepayments and accrued income 43,531 74,674 40,355 62,142 6.432 605,609 119,672 205,941 4,575 373.673 6.432 609.965 4.575 379.643 659.928 458,891 714.538 703.861 18 CroditDI's GROUP CHARITY 2025 2024 2025 2024 Olher laxallon and soc181 security Trade cr8dilor$ Olher credilors Accru8ls and deferred income 80,936 71,190 4,291 409,811 72.503 101,241 2.336 429,652 80,936 67,089 4,291 3fj9,158 72,466 149,973 2,373 393,410 566,228 605.733 521,474 618,222 19 Funds held as custodian The cl)arily holds lunds on behalf of seNice users. tliese funds are held In cash and named bank accounts and administered by Ihe charily on behalf of Ihe seNTrce users. These 2moLtnls are not disclosed on ihe balance sheel. Ihese fvnds lol81 £64.28312024 - £28,931) al lh8 year and. 20 Retii'ement beiiefil schemes 2025 2024 Defined conti'lbulion schenies Cliargé lo profil or loss in respect of defined cor)Iribulion schen)es 164,046 141,886 The charity opeiales a defined Gonlribulion pensioii sthenie for all qualifying employees. The assets ol (lie scheme are held sopar2lely from Ihose ol the charily in an independenlly admiiiisleTed fund -30-
r3RIDGEWOOD TRUST LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 21 Reslrlcted fuiids CHARITY.. At l Aprll 2024 Incomlng Resources Restsurce$ expended Transfer8 At 31 March 2025 Kltklees Melropol¢ian Council DSCP Calderda16 klelropolilaion Council- DSI 27.698 16.382 128.2681 111.3881 4,994 44.080 139.6561 4.424 GROUP: At 1 ApTII 2024 li)eoming Resources Resources expended Transfers At 31 March 2025 Kirkleps Melropolllan Councsl DSCP Calderdala Melropo111alon Cour>tll 27.698 16,382 (28.2681 (11.3881 15701 4.994 44.080 139,6561 4,424 C&CMB 1181 Soclal Care Pr mme To suppori Ihe adopllon ol cal'e leclinology in adull soclal tare wilh a focu5 on digilal social caT8 rtcords IDSCRI. Tho grant lundli)g for DSCR syslen15 is provlded lo residential & supported living car8 providers aro registered wlh lh8 Care Quality CommisslDn ICQCI, It 15 designed lo allow care providers wlio pred)[an1 usè a paper based system ol storiiig cÈrts records lo ove lowards a more digilpl and environm6nlally frielY sysiem. 22 Unrestilcled funds Th& unre8lricled lunds of the chaitty comprise Iho unexpended balances of donatlons and grants whlcli ale i)ot subjècl lo specific condillons by donors and grantors as lo huw IliÈy mèy be used. These include d6signaled lunds vthi¢li have begn sel gslde out ol unreslricled fund5 by Ilie Injslees lor specific purp05e5. CHARITY.. At 1 Aprll 2024 Incorning Resources Resources xpended Transfers Al 31 March 2025 D8sSgn8led Fund. Flxed Assels Designaled Fund- Pfolecls General Fund5 3.920.953 1,252.843 7,169.53S 1189,143) 417,208 4,149,018 1,2Jf2,843 7,802,934 7.212,49g (6,161.8921 1417,2081 12.343,331 7.212.499 16.351,0351 13,204.795 GROUP: At 1 April 2024 lii¢omlng Resource5 ResouTces Trar)sfèrs At 31 March 202$ exptrnded D25ign8led Fund- Flxed A5sels DEslgnaled Fund- Projecls General Funds 3.993.623 1.252,843 7.224,628 1217,9371 459.724 4,235,410 1,252,843 7,807,B97 7.740,454 16,697,461) 1459,7241 12.471.094 7.740,454 16.915.398) 13,296.150 31
BRIDGEWOOD TRUST LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Unrestricted funds Icontlnued) Unrestrlcted fuThds The gen6ral lunds are avallablo for Ihe use. at the discretion of ihB charity. f(*lhe furtherance of the general objectives as delailed in Ihe tru51e05 reporl. Deslgnated flxed a88el fund The designated fixed ass81 fund rmpriseS a5S8ts vthich have been PUfGhased to further the aims of Ihe Charity a1 ar8 not considered lo be reslricled assels. Deslunated project lund Th8 d8signaled pioleel Yijnd comprlses ol funds which have been earmarked lo cover futuia careladministralN8 facilities. CHARITY.. At l April 2023 IRgstat8dl Incomlng Re8ource5 Resources •xpgnd&d Transfers At 31 March 2024 Designaled Fund - Fix8d As8els D8slgnaled Fund Prolects General Funds 3.898.873 1,252,843 6.683.161 1170,202) 192.282 3,920.953 1,252.843 7,169.535 6.511,462 (5,832,806) 1392,2821 11.834,877 6.511.462 (6,003,008) 12,343,331 GROUP.. At l Aprll 2023 Incomlng Resources Resourc08 axpendèd Transfgrs At 31 March 2024 IRèstatédl Oeslgnaled Fund - FixEd Ass#ls Oeslgna16d Fund - Prolecls Gengral Funds 3,993.623 1.252,843 6,731,267 1195.0591 195.059 3,993.623 1,252,843 7,224.628 6.981,205 16,292.7851 1195,0591 11,977,733 6.981,205 16.487.844) 12,471.094 -32-
BRIDGEWOOD TRUST LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 23 Analysls of net assets between lunds Unrestri¢led funds Re8trl¢ted funds Total 2025 2025 2025 At 31 March 2025.. Tangib18 assets Curfenl a8set8 1 liath&lia$ Provi¥lon ltsr liabSlllle8 4.235,410 9.082.441 17.277 4.235.410 9,088.865 17.277 4.424 13.300,574 4.424 13.304,998 Unregtri¢tod fund8 2024 R•stri¢lod luiids 2024 Total 2024 At 31 Morch 2024: Tangiblè 85StrI Current asse18 1 liabilitie8 Prtsvislon for lixblli11o8 3.883.624 .495.638 18.168 9,993.824 8,495,638 18.188 12,471,094 12,471,094 24 Op•ratlng l••s• eommltm•nt8 Al tho f8poding •nd dale thè eh8rily hod oulst8ndMg commitm915 kn fuiur8 minimum leg¥e paymgnl¥ und9r non-cpncelabl? opeialino lea¥e8, which lall dug as follow8.. 2026 2024 Within oné y8ar Belwe8n two and five years 1S3.904 76.992 155,726 249.714 230,897 405.440 Thtr charity h88 the v$è of 2 propèrties, foT which no fr)rmal agré•rnant is in pla. no l•as8 payrn•nts m8dè dunno ih ye8r. No quantifica1 ol Ihe 'don8ted' cosl has been made ID Ihes9 fiwcial stat9mefils, nor h8S any ftJlu*è loasg cornmllmenl bèan recogn16ed.
BRIDGEWOOD TRUST LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 25 Related party transactions Transaction6 wlth Yèlalèd partles During the year the charity entered inlo the following liansaclions with felaled parties.. Durlng the year the charity PUfch3sed moloT vehicles, cosling £10.300. from The Small Auto Company Limiled, a ¢ompany conlrolSed by a Iruslee. No balance was ou151anding al Ihe year end. Durlng the year the charily sold serv¢ces to 8 member ol key managèment totalling £27012024.. £901. A balancè 01 £42012024." £3301 was ou151anding al the year end. There are no other related paty Iransaclions during Ihe yeaf. 26 Cash generated from op6ratlons 2025 2024 Surplu$ for the year after laxalKJn 829,481 501,271 Adjuslmenl$ for.. Taxalien Icrediledll¢harged Inveslmenl income recognised in slalemenl ol financi81 aclivi(ies Lossllgainl on disposal of Inlangibb fiKed 8ssels Oepreciallon and imp8irmenl of tangible fixed assets Mov s in workin Iln¢fea58lldecrease in stock Ilncreaselldgcrease in debtor8 In¢reaselldecrga$e) in Cfedilors 1892) 1334,1571 57 217,937 1271,535} 11,9001 195,059 557 1201,0381 139,5051 598 1207,888) 148,134 Cash generated from oporallons 472,440 363,739 27 Analy8ls of changgs In net funds Tha charity had no malerial debt during Ihe year. 34-