REGISTERED COMPANY Y4UMBEIL. SC352017 (scotl￿d) REGisfERED CHARTfY NUMBEIL. SC036344 REPORT OF THE TRUSTEES AND FIY4ANCIAL STATEMENTS FOR THE PEIUOD I JAYJ UAKY 2024 TO JI MARCH 2025 FOR Galbraith Priichards Chart*3ed Accounlants & Sthtutory Auditor 20 BarTLS Strc¢l Ayrshire 71XA CONTENTS OF THE FINAYJ CIAL STATEMENTS FOR THE PERIOD I JANUARY 2024 TO 31 MARCU 2025 Page Report oftbe Trustees I to 5 Report of the Independent Audkors StAtemeDt of Flllancl81 Actfvldes B￿A￿te SI￿tI io C￿kn Flow St•t¢m¢nt Notes to the C￿h Flow StAtement 12 Notss to the Financial StAtements 13 to 21 THE BIUDGES PROGRAMMES REPORT OF THE TRUSTEES FOR TUE PEIUOD I JANUARY 2024 TO 31 MARCH 2025 The tn￿ who are also directors of the clwity for the of the Compani¢s Act 2006, present their report with the financial qtatements of the charity for ihe period l Jamiary 2024 to 31 March 2025. The tru5tccs hav¢ adopt¢d the PTOViSIIJ115 of Accounting and R¢wrting by Charities. Statement of Rwoll]tnthd¢d Practice applicable to charitL¢S pr¢paring their accounts in accordanc¢ with th¢ Financial R¢porting Standard applicabl¢ in the UK and Republic of Irela￿1 (FRS 102) (¢ff¢thiv¢ l January 2019). Charitabk Objeets The principal a￿1Vity of the company in the p￿][KI undeT review was the promotion of inte￿10n and equality. particularly though nol exclusively with reference to asylum seekers and refugees, overseas professionals and workn. and those suffering discrimination on grounds of religion or belie£ ethnic origin, race. culture or immigrallon ststus and iti doing so maximising the client group's fvll integration into society. The main obie¢ts are: To raise public awareness of, and increase cap￿lty lo tackl< discrimination. To improve understanding of discrimination thTough research, publications and events To develop WO￿ based programmes including work experience and work shadowing" To develop ￿-1rdinIng, r¢-skilling, conversion and accreditation of prior leaming initiatives to aid access to the workplace for the client group. To take such action &s to broaden th¢ social, econornic and cultural horizons of the client group. All our chaTitable activities focus on the promotion of Int¢￿tIon and equality and are undertaken to further our charitable PurpO￿S for the public bLI]efit. Pagc I THE BIUDGES PROGRAMMFS REPORT OF THE TRUSTEFS FOR THE PERtOD I JANUARY 2024 TO 31 MARCH 2025 AcHIEVEmE￿s AND PERFORMANCE R¢vicw of Artlvltles and A¢hiev¢ments Bridges Programrnes w&5 founded in 2001, and support¢4J thousands of r¢fugees, asylum se¢k¢rs and migrants to safely re￿Ild their lives in Scotlan4 through employability and W0￿p1aCe integration. We are a welcoming and inclusive OTganisation with a strong focus on being person-c£ntred and non-judgernental. Our diverse workforce is unique bec￿Se it has a wealth of lived experien￿ of arriving in the UK ag New Scots. Note that this TqM)rt eovers a 15 month perio¢ as the Trus1ees changed our financial year for rq)orting purEM)ses from the calendar year to an April - March financial year. in line with the financial rq)orting year of most contracts and gran receive4L Throughout this period we continued to supp(￿1 New Scots intrj employm¢nL through integration arnd empowernicnL provision of English language training, inforniation about anployment and ¢du¢atioN helping to wnvert qualifications ained abroad into UK equivalents, work placements, mock interview4 help to WTite and build Cvs, etc. particularly prize OUT engagernent with employers to support New Scots. Building on our previous employability progrdmmes, we are the lead organisation in the GEMS Consortiw contracted by Glasgow City Council to provide employability support to black and minority dl]nic pLx)ple in Gl&sgow, partn¢T5 in this consortium are Gecco, Clyde Coll¢8e, the Comrnunity Rcnewal TrusL Amina Muslim WomeD'S Centre, Govanhill Community Development TnLSt and Cranhill Community D¢v¢lopment TTUSt. With support from COSLA we have Continu￿1 our Fresh Start Project wotking directly with Hong Kong nationals moNing lo Scotland. providing pwtical and communty support. Our Scottish Govemment funded Refugee D￿torS Progrnmme continued to support people into (zreeTS in the Scottish NHS through offering training, and financial and ernotional support to re￿gee docto￿ seeking GMC Regislrdtion. At a national tx)licy level, Bridges Prowammes h&$ been a mcmbcr of the N¢w Scots Core Group, dire£tly contributing to and itifiuen¢ing Scottish Govffnment's New Scots Strategie PIWL Our CEO Karen M¢tntyre left the employ of Bridges Progr&nmes in January 2025 and rq)laced on an Int￿]M basis by fomjer Board member KathleEn Caskiq Bridges Tn￿le￿4 plan to Tecruit a new CEO in 2026. ANCIAL RE￿Ew Principal funding vJur¢es For the year under review the principle sourc¢s of funding were as follows: Scottish Government COSLA (Fresh Start) Glasgow City Council (European knial Fund /No One Left Behind) The General Fund represents th¢ unrestricted fillmls arising from past operational r£8ult8. It also represents the free reserves of the charity. In the pasi the Trubte¢s aIrn￿ for the balance on the unreslricted fimd apEKoximaiing to three months operating expenditu￿. which would cover revenue costs and the Cont￿tual obligail0￿5 to staff. At the year end the unrestrieted fimds amounted to £311277. The trnstees ¢ontinu¢ to actively pursue other options for firtU￿ funding. Pa¥c 2 THE BRIDGFS PROGRAMMES REPORT OF THE TRUSTEES FOR THE PERIOD I JAIYUARY 2024 TO 31 MARCH 2025 Bridges Programmes will continue to develop new approaches to helping support Oilr beneficiaries into work and education, and will continue to look lo new sources of funding to enable thi% and for new partnerships to help us deliv¢r on our goals. srRUCTUR4 GOVERNANCE AND MAIYAGEME G•verDlng document For the period under review, Ihe charity was controlled by its governing documen4 a deed of Tni& constituted a limited company. limited by guarJnte4 as defined by the Companies Act 2006. Bridges Programrnes subsequently convcrted to become a Scottish Charitsble Incor[￿¢￿1 Organisation in July 2025. OrganlsAdonal structure The directors of the clmtitablc company ("th¢ charity") are its tTusiees for the purw)ses of charity law and througbout this report are collectively referred lo as th¢ tsustees. As set out in the Articles of Association one third of the trustees shall rdire at the Annual General Meeting. The retiring tr￿ee$ sball be eligible for reappointment for a further period of three years. The trustees meet regularly to administer the eharity. Delegation of the rnamagement of the day to day operations of the charity been made to the company secretary of thc charity who is the chief executiv¢ of the charity. For ihe ￿ri(KI under review this w&s initially Karen McIntyre and the responsibility was then Iransfert¢d to Kathle¢n C&8ki Appointment of Trustees Bridges Programm&s continu&s lo re¢TUit trustees who Can bring skills or experientts to our Board. We are keen to incre&8e the number of trustees who have lived experience of migration, i￿lUding from Bridges, clia)ts. All tntstees undertake a fvll induction in the rights and Tesponsibilities of tntste¢s and risk &8se&srnent. Governane4 Intrrnal Control and Risk The tTUStees have assessed the major risks ￿ which the charity is axporf in particular those rel*ing to the operations and finan￿ of the charity, and arc satisfied 5ySten)s are in pla¢e to mitiga* the charity's ¢xposure to the major risks. These p￿￿edureS ar¢ ￿riOdiCallY r¢vicwed to ensurc they still m¢et the of the charity. Whcr¢ a Bridg￿ Programmes Dirc¢tor has a cojfflict of interest regarding a decision being made by the Board. they will be to remove themselves from the meeting while this item is being di￿&￿ed and lake no part in di￿￿%81￿g or voting on it. A Confli¢t of tnterest is a situation where a decision made by the Bridges ProgrammGs Board may have a possible fmancial, rq>utational, or other impact on any employer, family member, frien¢ or business associate of a Board member. REFEI¢ENCE AND ADMINisfRATIVE DETAtis Regtstered Conwany Dumb¢r SC352017 (S¢otland) Regi8t¢r¢d Ch*rtty Dumber SC036344 Registered office Suitc 10. First Floor Tontin¢ 20 Trongatc Glasgow GI SES Page 3 THE BRIDGES PROGRAMMES REPORT OF THE TRUSTEES FOR THE PERIOD I JANUARY 2024 TO 31 MARCH 2025 Trustee5 Com SecretA Sellior Stahitorn, Aiiditor AuditorB Galbraith Prilchards Charterol Accountants & Statutory Auditor 20 Bar￿5 Street Ayr Ayrshir¢ KA7 IXA Bankerg The Royal Bank of Scotland 788 Govan Road Glasgow G512YL Solicitors WrighL JobnstOD & Mackenzie LLP 302 St Vincent Street Glasgow G2 5RZ EVENTS SINCE THE END OF THE PEIUOD Inforniation relating to events since the end of the p¢ri(Kl is giv¢n in the notes to the financial statem¢nts. STATEMEIYT OF TRUSTEES, RESPONSIBILITIES The trustee$ (who are a]so the directors of The Bridges Prograrnmes for the puryoses of company law) are responsibl¢ for presydring the RetK)rt of ihe Trustees and the financial Statements in accordance with applicable law and United K]'ngdom Accounting Standards OJnit¢d Kingdom Generally Accepted Accounting P￿ice). Company law T¢quifc5 the trustees to prepare financial statem¢nts for ¢acb finaTJcial year. Under that law, th¢ trustees have ¢l¢aed to prepare the financial statemats in ￿cOrdanCe with United Kingdom G¢n¢rally Acrytcd Accounting Prnctice (United Kingthm Accounting Standards aTKI applicable law). Under cornpaDy law the trustees must not approve the fllwicial statements unless they are satisfied that they give a true and fair view of the state of aftairs of the charitable company and of the incoming reSoU￿eS and appli¢*ion of resource4 including Ihe income and expenditur4 of the charitable company for that peri(KL In Preparing those financial statements. the trustees are required to select witabl¢ a¢counling policies and then apply them consistently; obb'ervc the m&hods and principlety in the Clwitftes SORP. make judgements and esrimates that are re￿Onable and pNdent; prepare the financial #atemenls on the going coneern b&sis unle&s it is inappropTiate to pr￿me that the charitable ompany will continu¢ in busin￿. Page 4 THE BRIDGES PROGRAMTr￿s REPORT OF THE TRUSTEES FOR THE PERIOD I JANUARY 2024 TO 31 MARCH 2025 STATEMENT OF TRUSTEES, RESPONSIBILrrtES- continued The trnstees are responsible for keeping PTOFW accounting records which disclose with reaxjnable accuracy ￿ any lime Ihe financia] position of the charitable company and to enable them to ensure that the financial stalem¢nls comply with the compani￿ Act 2￿￿. They are ajso respons1￿1¢ for safeguarding ihe &ssets of the chaTitable compally and h¢nc¢ for taking reasonable steps for thc PT¢vcntion and d¢tc¢lion of fraud and other irr¢gulaTiti¢s. ID so far as th¢ truste￿ ar¢ awar¢: thtte is no relevant audit inforniation of which the cl]aritable company's auditors are un3ware' and the lrns1ees have taken all steps that they ought to have taken to make themsdv45 aware of any relevant audit inforniation and to estsblish ihat the auditors are aware of that infoTtn*io AUDITORS The auditors Galbraiih Prit¢bards, will be proposed for re-app0lntn￿nt at the forthcoming Annual Gcneral Meeting. This rqM)rt has been prepared in accoTdance with ihe special provisions of Part 15 of the Cornpanies Act 2(Ki6 relating to ?>mall Companies. Approi'ed by order of the board of trustees on 16 December 2025 and sign¢d on its behalf by: Page 5 REPORT OF THE INDEPENDENT AUDITOILS TO THE TRUSTEES AND MEMBERS OF THE BRIDGES PROGRAMMES Opinion We have auditeA the financial ￿ateMentS of Th¢ Bridg￿ Prograrnm￿ (t￿ '¢harilable company? for the period ended 31 March 2025 which cornprise the Statement of Financial ActiNitie& lh¢ Balanc¢ Sheet, the Cash Flow Staiement and notes to th¢ ftnanciai stst¢m¢nLs including a sumrnary of Significant accounting kN)licies. The financial r¢porting framework that bc¢n applicd in their preparalion is applicable law and United Kingdom AC¢￿Ating StandaTds (United Kinsdom G¢nerally Accounting Pradice). In our opinion the financial statements". give a true and fair view of the state of the ch2riLqble companvs affairs as at 31 March 2025 and of its incomin8 rtsour￿s and application of resourcrf including its income and expenditure, for the period then endrf. have be¢n propuly pr￿￿ in accordance with United Kingdom C¢nerally Accepted AccountlDg Practice; and have been prq)ared in accord￿let with the requiTcments of th¢ Companies Act 2006, tlic Charities and Trutstr Investment (Scotland) Act 2(K15 and R¢guiation 8 of the Charities Accounts (Scotland) Regulalions 2006. BASIS for opinion We conducted our audit in accordance with Internalionai Standards. on Auditing (UK) OSAS (UK)) and applicable law. Our responsibilities under those standards are further de&£ribed in the Auth'tors, responsibililith for the audit of the financial .statemcnts section of our reporL We are independ¢nt of the charitable company in ￿rdance with the dhicai requirements that are ￿levant to our audit of the financid staiements in the UL including the FRCS Ethical Standart and th¢ provisions available for small ¢ntitic5, in the circumslanc&s set out in note 16 to the financial statements. and we have ￿lfIlled our oth¢r cthi¢al [￿pOnsibl11tiCS in accordancc with ihesc requirements. W¢ bdieve thal thc audit evidence we have oblained is sufficient and appropriate lo provide a basis for our opinion. CoDeluslons relating to goiii8 eoneern In auth'ting the financial statement& we have Conclud￿ that the ln￿e¢s, use of the goin8 concem basis of accounting in the prqTraration of the financial statk7nents is appropria*. Ba5cd on the work we have perfOrnI￿ w¢ have tTrot identified any material uncerMnti&8 rclattng to events or ¢onditions tha¢ individually or collectively, may cast signifi￿[ doubt on the Ch￿Itable company's ability to continue as a going concern for a period of at I￿￿ twelv¢ months from when the fjrtaneiat statements are authoriscd for issue. Our rasponsibilities and the responsibilities of the trustees with to going Concern are describ&J in the relevant se£tions of this report. Other inforniatlon The trustees are reswnsible for th¢ oth¢r infomialion. The other inf0m￿tIOn compriw the infDTmatioTh included in the Annual ReporL other than th¢ financial statcrncnts and our RqKYrt of the IndepcTrJent Auditors Ikrcon. Our opinion on the financial statements does not cover the other infonnation and, except to the extent otherwise explicitly staled in our rep)¢ we do not express any fonn of ￿llrance conclusion thereon. In connection with OUT audit of th¢ financial statement8, OUT responsibility is to read the other Information and, in doing so. consider wh¢ih¢r th¢ othcr infoTmation is rnaterially inconsistent with the financial stsi¢m¢nts or our knowledge obtaincd in the audit or otherwise ap￿ to rnateriatly mityStataL If w¢ id¢ntify 5uth material inconsisl¢n¢ies or apparent mateTial misstatcmcnt4 we requiffd to detennine whdh¢r this gives rise to a material mi55¢at¢menl in the financial statements themselves. If, bas￿1 on the work we have pcrfonneiL we conclude that thcrc is a material misstatement of this other infomiation, we are required to report that fact. We have nothing to Teport in this regard. Opinion$ on other matters prescribed by the comp￿leS Act 2006 In our Opinio￿ based on the work undertaken in the Course of the audit: th¢ information given in the Repon of the Tn￿ee$ for the fllwlciai year for which the financial slatements are prepared is co￿81$l¢ll1 wlth thc financial staiemcnts. and the Report of the Trustees h&8 been Prqiared in accordan¢e with applicable legal rcquiremenL Pa8¢ 6 REPORT OF THE INDEPENDENT AUDITORS TO THE TRITSTEES AM> MEMBERS OF whith T¥¢ •re required to rq￿rt by ¢x¢¢ptio In th¢ ligFd of the knowledge and underslandin8 of the clwitable compTJy and its environment obtsined in the ￿Urse of the audi( wc havc nol i(kntified maetial misslatetncnls lh¢ liqM)rt of the TTus*¢S. W¢ hav¢ nothnig to rewrt in re4Kd ofthe following matws the Compw]ies Ad 2006 aDd the Clwities Accounts (S¢otland} Regul￿10tL$ 2006 am¢thd) requires us to re￿rt to you it. in our opinion.. qua* and acrA&uAiing record% ￿ve iwi kept or r¢tums a(kqu&¥. lor our audit tov¢ been received from bMKh¢s not vtsited by ￿ or the financial stat¢m¢nts are iy)t in a8r¢¢m¢nt with the a¢￿Y￿¢1ng ttcords and rerurns., or certain disck)sures of truste¢s' remuneration s￿CIfIed by law ate N)1 made: or we have Th)1 teceived all th¢ in(oThn81ion and explanation5 W¢ ￿qUi￿ for our awlil" or tl* trustees We￿ eniitled to tak¢ advantage of thc small com￿1¢5 ¢xemplion fmm the r¢quittment to PT¢P8re a Strakgi¢ R¢p)rt or ITr w¢paring the Reportof T￿￿. ii¢qpoD51biliti¢i oftruslee5 As ¢xplained mor¢ fijlty in t￿ Stathent of TnL%tees' ResrAMsibilitie& th¢ tr￿8 are resryinsible for ￿e￿alk)n of the financial statements and for i*in8 satIsf￿d Ihal Ihey give fair vicw. a￿] for such intcrnal control as th¢ trullees delcmiirk is ￿(C$s￿ry ¢0 enable ts Prepar*￿n ot f￿￿la1 5tstcm￿ts that at¢ fre¢ frotn mgt¢rial missM¢m whether due ￿ frdud or cm)r. tn prewin8 the financial ststements, ￿ trustees ￿ resp)nsibk for assessing th¢ charitsbl¢ company's ability to conlinue a going disclosing, a5 applicabk. matleTS r¢lated to goiDg concgrn and using the going c4Jncern ba515 of acoiunling ulll¢ss th¢ ttthstecs ¢itkr int¢nd ts) ]iquidal¢ the ch8ritabk company or W C¢&8e operation& or have r¢all￿1¢ 41ternative but to do y). Our responsibllliks for th¥ a¥dit of tbe (￿￿￿(111 st*temcnts Ow objectiv¢s arc to obtsin re&80nable assurance atH)ut wTrthr the financia] stat¢ments as a whole are fte¢ from n￿terial misstat¢m¢nL wh¢tlv due to fraud ar ctror. and to i&8u¢ a R¢p)n of tlK Ind¢F¢ndent Auditors that includ¢$ our opinion. Re&soroble assurance is a high Icvel of &ssuran¢4 but is not a guaran￿ that an audit ¢oTrluc*d in accordance with ISA5 (UK) will always d¢tect a SDaterial misstatement when it exi519. Missthtenlents can arise from fralld OT error 8nd are ¢onsiikred material if. individually or in the 8ggreg&e, could t¢ttSor￿lY be ¢xFxcl¢d io influ¢n¢e ihe ecotwic thcisions of uws tsken (x) the basi¥ of thcs¢ fmancial statements. ex*M to ￿1¢h our procethres are capbk of detectin8 iffegulaTities. incluthng fra￿1 is dthiled ￿lOw.. We gained an ￿)der￿nding of the le821 a￿j Tegulatory fram¢wns (121.139) 129281 ANALYSIS OF CHANGES ll¥ NET FUNDS At 111124 C&sh flow At 3113125 Net e8sh Cash at bank and in hand 451,299 (121,473) 329,826 451,299 (121.473) 329.826 Total 451,299 (121,473) 329.626 The notes fonn part of these financial ststements Pdge 12 THE BRIDGES PROGRAMMKS NOTES TO THE Fll¥ANCLiL STATEMENTS FOR THE PEIUOD I JANUARY 2024 TO 31 MARCH 2025 AccouNfiNGPOLICIES Basis of preparing the fiMDelil statements Th¢ financial statemenis of the charitable ￿Mpany. which is a public benefii entity und¢r FRS 102, have been prepa￿d in XWTdan¢¢ with the Charities SORP (FRS 102) 'Accounling and Ryrting by Charities: Statement of Recommended Practice applicabl¢ to charitics preparing thciF a¢¢ounts in accordance with the Financial Rcporting Standard 4ipli¢able in the UK and Republic of Ireland (FRS 102) (effective l January 2015),, Financial Rq)orting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of treland, and the Companies Act 21￿. The financial staternents have been prq)ared under the histOTical cost convention. The Trustees coL8ider tha¢ th¢re are no material uncertainties about the company's abilities to continue as a going Crltlcal a¢¢ounthigJudgements and k¢y sources of estimatlon ￿nCert￿￿ty In the applicalion of th¢ company's accounting policies, the direaors are required to make judgements, estirn*es and &ssumptioLs akxiut the carying amounts of assets and liabilities th* are not readily appareni from other sources. The cstimates and associated assumptions are b&ied on historical experience and other fxiors that are considered to be relevant. Actual results may differ frorn tbese Gstimates. The C￿lmateS and underlying assumptions are ￿VIewed on an ongoing basis. R￿LS1onS to accounting ¢stimates are recognised in the period in which th¢ estimate is rcvis¢d if the reiision affects only thai Perio￿ or in the period of th¢ revision and futur¢ p¢ri(xls if the revision afifeths LM)th curr¢nt and future periods. Income All income is rttognised in the Statement of Financia] Activities once the charity has ￿titlerne￿t to th¢ funds it is probable that the incorne will be received and th¢ amount can be measured reliably. Incom¢ from governrnent and other gr￿ 15 reCo￿lSed when the charity has eDtitlcment to the fund& any p￿OrnIanCe conditions attached to thc grants hav¢ b¢¢n met. it is probable that the income will be r￿e1ved and the atnount can bc rneasured reliably and not d¢f¢rred. ExpeDditure Liabilities are recognised a8 expenditure a8 soon &8 there is a legal or constrnctive obligation commitiing the charity to that expenditure. it is probable thai a transfer of economic bcnefiL% will b¢ required in settlement and the amount of the obligation be me￿￿￿ed reliably. Expendilure is account¢d for on an accruals b&sis and has been CI￿lfied under headings thai aggre¥ate all c05t related to thc category. Where costs cannot be directly attributed 10 wicular headings they have bcerA allocatcd to activities on a b&sis consistent with the use of sourctti. fued assets D4ireciation is provided at the following annual rates in order to v/rit¢ off each assel over its ¢stimatal usefvl life. Comput¢r kNuipm￿l Strdighi linc ov¢r 3 years Items under £1,000 arc not ¢apitalis¢d. Taxallon The company is ffco8tiised by the Inland Revenue as a ctwity and is accordingly exempt from t￿tiOn on income which is applied for charitsble purpos￿ ExkKnditure is inclusive of any VAT wbich cannot bc T￿0Ver¢Al. Fun(ts are classified as eitheT re#ricted or unrestricted fund& defined as follows: Restricted funds ar¢ subject to swific instruction which may be declared by the fimding body or Page 13 continued... THE BRIDGES PROGRAMMES NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR TIIE PEIUOD I JANUARY 2024 TO 31 MARCII 2025 ACCOUNnNG POLTCtES- tontinued Funds donor. Unrestiictcd fimds are expendable at the discretion of the Trnst¢¢s in furth¢rnn¢c of th¢ objcds of the cornpany. Foreign eurren¢ies Assets and liabilities in foreign Currencies are translated into sterling at the rdtes of exchange Tuling ￿ the balanc¢ shed date. Transartions in foreign currencies are translated inlo sterling at the rale of ¢xcbange wling at the date of transaction. Exchange differetTrces are taken into account in arriving at the operating re￿11. Lettsing commitments Rentals paid under opernting leases are charged to the a¢¢ounts as Incu￿￿. PeNlon eo$ts ind other post-retirement benefits The charity operala8 a defined eontribulion pension scherne. The &%sets of the scheme are held separaldy from those of the company in an independently athninistered fund. PaYM￿ts made to the scheme are Charged annually in ththe accounts ￿ part of employmfflt costs. Financial instruments The charity only h&$ financial assets and financial liabilities of a kind thal qualify as b￿1¢ financial instrum¢nts. Basic rtnaneial instwments arc initially recognised at transa¢tion value and sUbsequ￿11Y measured at their settlement va]ue. PROVISIONS Provisions are recognised when the company has an obligalion at the balance sheet date as a Ksult of a pasl evenL it is probabl¢ that an Quttlow of ttonomic IKnefits will requir￿1 in settlement and the amount can be reliably estirnated. iK)IYATIONS AND LECACIES PEIUOD 111124 TO 3113125 YEAR ENDED 31112123 Donations 3,794 4.940 Page 14 continued... THE BRIDGES PROGRAMMES NOTES TO THE FINANCIAL STATEMEIYTS - CODtlnued FOR THE PEIUOD I JANUARY 2024 TO JI MARCH 2025 INCOME FROM CHARITABLE ACTIVITIES PFIUOD 111124 3113125 31112123 Activity Government grants and other grdnts European Social Fund New Refuge£ DoLtors' Programme Skills Recognition Project Scottish Refugee Council ANIIF SRC - SuptK)rting New Scots Fresh Start- Hong Kong Grants Grants Grants Grants Grants Grdnts Grdnts 133,197 530,193 216.265 106.558 262,420 123.224 220 129J78 58,956 116,517 139,179 I,Ol8,834 797273 CIIARTTABLE ACTIVITIES COSTS Support Costs (se¢ note 5) Dot¢ 6) Totals Costs Directly Allocated lo Activities 1,024,l17 1,024.117 93,074 SuM)ort costs 93.074 1,024,117 93,074 1,117,191 DIRECT COSTS OF CIIARITABLB AcfivITIES PERIOD 111124 3113125 31112123 Staff costs Hire of plant and machinery Sundrie5 Staff rraining and recruitm¢nt Staff travel Oversvds Irdvel Client expenses and childcare co&s Conwltancy fees Mentor & volwitttr expaws Doctorfs P[Qj￿t expens¢5 European So¢ial Fund INO One Left Behind project expenses 528,065 17.995 8.370 9273 3,374 427,464 9,218 7,587 14,Ol9 4202 440 23,884 18,929 19,023 352 107,0(I) 311,676 1,233 70,747 118,660 1.024.117 677,454 Page 15 continu￿... THE BRIDGES PROGRAMMES NOTLS TO THE FINANCIAL STATEMENTS - contlnued FOR THE PERIOD I JANUARY 2024 TO JI MARCH 2025 SUPPORT COSTS Managem¢nl T￿a]S Support costs 83574 9,500 93,074 Support cost4 included in the above, are as follows: PERIOD 111124 3113125 Support costs 31112123 Total activities Other operdting leases Ratas and water Insurance Light and he* Tdq)hone Postage and stationery Repairs and maint¢nan¢¢ Interest payable and sirnilar charges AuditOTS' muneration AuditOTS' remuneration for tK)n audit Work 43,043 1.087 36,018 588 2,995 3.290 4.974 8,579 15,103 293 7,394 3,690 10,164 13,494 8,529 334 8250 1250 93,074 80.234 NET INcOME1(EXPEND￿uRE) Net incomel(cxpendikn) is stated after chargingl(credilin8): PERIOD 111124 TO YEAR ENDED 3113125 31112123 Auditors, remuncration Other non-audit services Hire of plant and machinery Othu operating leases 8,250 1,250 17,995 43,043 7394 9,218 36,018 Pagc 16 continued... THE BRIDGES PROGRAMMFS NOTES TO THE FINANCIAL STATEMENTS - conilnued FOR THE PERIOD I JANUARY 2024 TO 31 MARCH 202S TRusfEES' REMUNERATION AIYD BENEFrrs There were no tn￿¢¢¥ remuneration or other benefits for the period 31 March 2025 nor for the year end￿ 31 D¢c¢mbcr 2023. There were no tsusteeg expenses paid for the period ended 31 March 2025 nor for the year endal 31 D￿ernber 2023. STAFF cosrs PEIUOD 111124 3113125 31112123 Wages and salaries Social security costs Other pension costs 483.946 34.075 10,044 390.674 28,848 7,942 528,065 427,464 The avernge monthly number of employtts thiring the period was as follows: PERIOD 111124 TO 3113125 14 YEAR ENDED 31112123 14 Charitable anployees No employees re(%ived emoluments in ex¢ess of £60.000. The company considers its key management personnel comprisr th¢ trustea% and ihc Chief ¢xeLutive. Th¢ total employment benefits including employ¢r wksion contributions of the k¢y management personnel wcre £71,941 (2023: £64.814) for the IS month peri io. TANGIBLE FIXED ASSETS Comput¢r ¢quipment COST At l January 2024 and 31 March 2025 14,778 DEPRECIATION At l January 2024 and 31 March 2025 14,778 NET BOOK VALUE At 31 March 2025 At 31 December 2023 Page 17 continued... THE BRIDGES PROCRAMMES NOTES TO THE ￿ANCIAL STATEMENTS- eontitiutd FOR THE PERIOD I JANUARY 2024 10 31 MARCH 2025 ii. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YLIR 3113125 31112123 Prepayments and accTued income 234.461 107.941 12. CREDITORS: AMOUN15 FALLING DUE wfniIN ONE YEAR 3113125 31112123 Social security and othertaxes Accrnals and deferred income 9,461 151,038 7,113 56,172 160.499 63.285 Creditor5 include outstanding pension contributions of £1,636. 13. LEASING AGREEMENTS rinimum payments under non-cancellable op¢tating leases fall due as follows: 3113125 31112123 Wiihin ODe year 6,598 6,565 14. MOVEMEN[ FUNDS Transfe tween funds movement in funds At 3113125 At 111124 Unrestrlcted funds Generdl fund lksi£nat￿- Development Fund Designated- Working Capital Reserve 132,398 50,000 120.(KX) (73,475) 81354 141277 50.(XX) 120.O¢XJ 302.398 (n,475) 82J54 311277 R¢strleted fund8 Scottish Governent Doctors Proje¢t Scottish Refugee Council AMtF SRC - Supporting New S¢ols Fresh Start - Hong Kong 58231 96,176 9248 29.902 3,874 (13,822) {9,248) 504 61105 (82J54) 30,4(hS 193,557 (18,692) (82,354) 92.511 TOTAL FUNDS 495,955 (92,167) 403,788 Page 18 eontinued... THE Blu1￿Es PROGRAMMES NOTES TO THE FINANCIAL STATEMENTS - ¢onrfnued FOR THE PEIUOD I JANUARY 2024 TO 31 MARCH 2025 MOVEMEN[ FUNDS - eoDtiDued Net movement in thnds, includeil in the atK)v¢ are as follows: Incoming Resources Movan¢nÉ in funds UDrestrirted funds General fi￿d 669580 (743,055) (73.475) Restricted funds Scottish Govern]ent Doc￿rS Project Scottish Refvgce Council AfvtIF SRC- Supporting N¢w Scols Fresh Start- Hong Kong 216,264 (212390) (13,823} (9,248) (138,675) 3.874 (13,822) (9248) 5( 139,179 355,444 (374,136) (18,692) TOTAL FUNDS 1,025,024 (1,117,191) (92,167) Comparatives for movement in tsnd8 Nd Jnovement ID funds Transfers between funds At 3111Y23 At J11123 Unrestiicted fi￿d6 General fund Des1￿￿d- Development Fund Iksignated- Working Capital Rcserve 187,186 58263 (113.051) 50,(KK) 120.0(X) 132,398 50,(KK) 120,(KKJ 187.186 58263 56.949 302,398 Restricted funds Scottith Government Equality Unit Scottish Gov¢rnient D￿torS Proje£t Refugee Survival Trust Scottish Refugee Council AMIF Women Returners Pmgramme P.P.RE.P SRC - Supporting New Scots Fresh Start- Hong Kong 56,949 43,957 2,962 115,188 434 44,754 (56,949) 14.274 (2,962) (19,012) (434) (44,754) 9,248 29.902 58,231 96,176 9248 29,902 264,244 (13,738) (56,949) 193,557 TOTAL FiiNDS 45 1,430 44.525 495,955 Page 19 continued.., THE BIUIKES PROGIL4MMES NOTES TO THE FINANCIAL sTATEmE￿S- conthiued FOR THE PEIUOD I JAP4UARY 2024 TO 31 MARCH 2025 14. MOVEMENT IN FUNDS- continued Cornparative net movement in funds included in the above are as follows: Incoming resources R¢SoUr￿8 Movunffll ¢xpcndal in fun(ts Unrestrleted fi￿d$ General fund 373,918 (315.655) 58,263 Restricted thnds Scottisb GovemientDcthrs Pmject Rcfugee Survival Ttusi Skills Re£ognition Projxl Scottish Refugee Council AMIF Women Returners Programme 123224 (108,950) (2.962) (219) (148,390) (434) (44,754) (49,708) (86,616) 14.274 (2.962) 219 129,378 (19,012) (434) (44,754) 9,248 29,902 P.P.R.E.P SRC- sup￿rting New Scots Fresh Starl - Hong Kong 58,956 116,518 428,295 (442,033) (13,738) TOTAL FUNDS 802,213 (757,688) 44,525 Purposes of restricted fvnds The funds from the Scottish Government Equality Unit are to part fi]nd core project, staff and activities specifically employability and employer engagement. The Scottish Govemrnent Doctors Proj￿1 funds are to support refugee doctors, dentists and nurses achieve appropriate registration and enter the NHS. The funds also provide ongoing support and ¢ar￿r planning as they plan their career within the NHS. Refugee Survival TTUSt fLLn(Ls arc disbursed for eAucational and employability needs of clients. The Ski115 Rexognition Project funds are to develop a national programme for overseas ski115 rttognitiOJL The AMtF Project (Asylum and Migralion Jntcgrntion Fund) is an integration project with the S¢ottish R¢fug¢e Council, the Workers Educational ASs￿latIon and (2ueen Margara Univ¢TSity. The funds from the Scottish Government Employability Unit are to deliver a programme of wornens vwational language and employability. The fLU]ds from P.P.R.E.P are to support relocation teams in L￿al Authoriti¢s with th¢ inlcgrdtion and support of rcscttlcd AfghaT)s and Ukrainians. Supporting new Scots fund "Building for the Future" is a progrdmme to deliv¢r an intervention to improve the opportunities for, and success of, refvgee employment in Scotland. The Fr￿ Start Programme is a V(￿&101￿[ ESOlJEmployability siipport ￿kage ddivered to participants through fac¢ to f￿¢ and distance learning based Iraining. Designated fi￿d8 Page 20 continucd... THE BRIDGES PROGRAMMES 40TES TO THE FINAI¥4CIAL STATEMENts . continued FOR THE PEIUOD I JANUARY 2024 TO 31 MARCH 2025 14. A dcveloprnent fund has been cr¢at¢d to recognise fulur¢ d¢mands for the Costs of d¢veloptng organisatiQDal infrastNctUT< in¢ludin& IT and ￿b¢￿. w¢bsit¢ and brandin& data proteclion and risk regist￿. A WO￿lAg capital fijnd has be¢n created to recognis¢ future cash flow needs in respect of Projects where we may be the lead partner, and obliged to pay cottsortium partners prior to claiming fijnding in arre￿. TraD5fers btheen funds SRC AMIF ¢xpenditure previwsly allocated as Testiic*d be¢n rea$sc￿d as unrestricted and transfetre41 from restrictcd fimds to unrestricted fund& 15. RELATED PARTY DISCLOSURES Kathlcen Caski¢ resigned forni the b￿d on 25 Novant*r 2024 and provided wnsultancy servitrs to thc charity in the period December 2024 to March 2025 amounting to £14,400. I& FRC ETHICAL STANDARD- PROVISIONS AVAILABLE FOR SMALL ENTrrIES In ￿mmOn with many othu bUsin¢￿S of our siz¢ and na￿re wc use our auditors to pryre aDd subrnit Teturns to the authoriti¢S and assist with the preparation of the financial statement& 17. POST BALANCE SHEET EVENTS As notcd in th¢ Tnjstees Keport thc charity b￿a￿e a Sc(*tish Clwitsbl¢ ]ncorporated OrgatLis*ion on 18 July 2025. 18. ULTIMATE CONTROLUNG PARTY In the opinion of the trust￿ tl*re is no ultim*e controlling party. 19. The fijture of the company will be dcpend¢nt upon further funding agreements being reached. The twsltts arc hopefid the fL￿d1Thg from Wdrious sources will Ix forthcoming for the following year. Page 21