Caseware UK (AP4) 2024.0.164 2024.0.164 Caseware UK (AP4) 2024.0.164 2024.0.164 108566416884969967161649660false2025-03-31No description of principal activity2024-04-0118152025-03-31 NI021368 2025-03-31 NI021368 2024-04-01 2025-03-31 NI021368 2023-04-01 2024-03-31 NI021368 2024-03-31 NI021368 2024-04-01 NI021368 2023-04-01 NI021368 c:RegisteredOffice 2024-04-01 2025-03-31 NI021368 d:Buildings 2024-04-01 2025-03-31 NI021368 d:Buildings 2025-03-31 NI021368 d:Buildings 2024-03-31 NI021368 d:PlantMachinery 2024-04-01 2025-03-31 NI021368 d:PlantMachinery 2025-03-31 NI021368 d:PlantMachinery 2024-03-31 NI021368 d:MotorVehicles 2024-04-01 2025-03-31 NI021368 d:MotorVehicles 2025-03-31 NI021368 d:MotorVehicles 2024-03-31 NI021368 d:CurrentFinancialInstruments 2025-03-31 NI021368 d:CurrentFinancialInstruments 2024-03-31 NI021368 d:CurrentFinancialInstruments 1 2025-03-31 NI021368 d:CurrentFinancialInstruments 1 2024-03-31 NI021368 d:Non-currentFinancialInstruments 2025-03-31 NI021368 d:Non-currentFinancialInstruments 2024-03-31 NI021368 c:FRS102 2024-04-01 2025-03-31 NI021368 c:Audited 2024-04-01 2025-03-31 NI021368 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 NI021368 b:Trustee1 2024-04-01 2025-03-31 NI021368 b:Trustee2 2024-04-01 2025-03-31 NI021368 b:Trustee3 2024-04-01 2025-03-31 NI021368 b:Trustee4 2024-04-01 2025-03-31 NI021368 b:Trustee5 2024-04-01 2025-03-31 NI021368 b:Trustee6 2024-04-01 2025-03-31 NI021368 b:Trustee7 2024-04-01 2025-03-31 NI021368 b:Trustee8 2024-04-01 2025-03-31 NI021368 b:RestrictedIncomeFunds 2024-04-01 2025-03-31 NI021368 b:TotalEndowmentFunds 2024-04-01 2025-03-31 NI021368 b:RestrictedIncomeFunds 2025-03-31 NI021368 b:RestrictedIncomeFunds 2024-03-31 NI021368 b:TotalEndowmentFunds 2025-03-31 NI021368 b:TotalEndowmentFunds 2024-03-31 NI021368 c:ChiefExecutive 2024-04-01 2025-03-31 NI021368 b:Activity1 2024-04-01 2025-03-31 NI021368 b:Activity1 2023-04-01 2024-03-31 NI021368 b:Activity1 b:TotalEndowmentFunds 2024-04-01 2025-03-31 NI021368 b:Activity2 2024-04-01 2025-03-31 NI021368 b:Activity2 2023-04-01 2024-03-31 NI021368 b:Activity2 b:TotalEndowmentFunds 2024-04-01 2025-03-31 NI021368 b:Activity3 2024-04-01 2025-03-31 NI021368 b:Activity3 2023-04-01 2024-03-31 NI021368 b:Activity3 b:TotalEndowmentFunds 2024-04-01 2025-03-31 NI021368 b:TotalRestrictedIncomeFunds 2025-03-31 NI021368 b:TotalRestrictedIncomeFunds 2024-03-31 NI021368 c:FullAccounts 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: NI021368
Charity number: NIC107046











The Bridge Association
(A Company Limited by Guarantee)










Directors' Report and Financial Statements

For the year ended 31 March 2025

 
The Bridge Association
 
(A Company Limited by Guarantee)
 

Contents



Page
Reference and Administrative Details of the Company, its Directors and Advisers
 
1
Directors' Report
 
2 - 5
Independent Auditors' Report on the Financial Statements
 
6 - 8
Statement of Financial Activities
 
9
Balance Sheet
 
10 - 11
Statement of Cash Flows
 
12
Notes to the Financial Statements
 
13 - 22

 
The Bridge Association
 
(A Company Limited by Guarantee)
 

Reference and Administrative Details of the Company, its Directors and Advisers
For the year ended 31 March 2025


Directors
D Edmont, Chairman
A McCullagh, Treasurer
J Barnes, Secretary
W Montgomery
C Murray
A Watson
M McLaughlin (resigned on 26 November 2024)
N McClelland
P Dunlop




Company registered number
NI021368

Charity registered number
NIC107046

Registered office
Unit 41 Antrim Business Park
Enkalon Industrial Estate
25 Randalstown Road
Antrim
BT41 4LD

Joint Managing Directors
Mrs J Barnes and Mr D Edmont

Auditors
Sumer AuditCo NI Limited
Statutory Auditors
4th Floor
Glendinning House
6 Murray Street
Belfast
BT1 6DN

Bankers
AIB
78 Wellington Street
Ballymena
BT43 6AF

Solicitors
Donnelly & Kinder Solicitors
22 Adelaide  Street
Belfast
BT28GD

Page 1

 
The Bridge Association
 
(A Company Limited by Guarantee)
 
  
Directors' Report
For the year ended 31 March 2025

The Directors present their annual report together with the audited financial statements of the Company for the period 1 April 2024 to 31 March 2025 The Directors confirm that the Annual Report and financial statements of the charitable Company comply with the current statutory requirements, the requirements of the charitable Company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102). 
 

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
 

Objectives and activities
 

a. Policies and objectives
 

We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.
Through the wide range of occupational training programmes carried out by the Company, The Bridge Association endeavours to provide relief and rehabilitation for Learning Disabilities for mentally and physically disabled persons.
 

Achievements and Performance
 

a. Review of activities
 

The Bridge Association has continued to raise levels of confidence, basic social/living skills, numeracy, literacy and IT skills for each trainee. In the year 2024/25 the total number of trainees reached 43 (2023/24: 41) all of whom gained a number of units within the City & Guilds/NVQ structures. The Association has developed a Social Programme which covers rights and equality, online safety around digital services and social media, anti-social behaviour and person centred care planning for each trainee.
Our programme of activities and courses for both trainees and staff, assisted by funding from ARC (Association for Real Change), includes first aid training, epilepsy and dementia awareness, food hygiene, manual handling, mental health awareness, stress management, mindset and movement and health and well being.
The Association has continued to be a provider stakeholder within the Learning Disability strategy, benchmarked as forward thinking, innovative and meeting best practice with all Health and Social Care Trusts.
Northern Health & Social Care Trust (NHSCT) have fully implemented all Direct Payment agreements at the correct hourly rate and they will not restrict the number of placements that they could request on a year to year basis.
The Association continued to directly ring fence the equivalent of 3 full-time and 3 two-day Direct Payment places for the South Eastern Health & Social Care Trust (SEHSCT) during 2024/25 and we are on target to fill the remaining ring fenced placements in 2025/26.
The Association has continued to develop, with Belfast Health & Social Care Trust (BHSCT), the three strands of funding within the SDS programme i.e. Direct payments from Trainees, Care Management payments on behalf of trainees and Direct Patient Bank Trust payments for placements. The Association has directly ring fenced for BHSCT the equivalent of 2 full-time and 3 two-day Direct Payment places for 2025/26.
The Association has been working closely with the Education Authority and other Health & Social Care Trusts to highlight that the training unit is open to all clients with a Learning Disability to purchase a place directly using Direct Payments. We have also developed a six week taster programme for all pupils within the transition period at school (16-18 years of age). This programme is currently being operated with Riverside School, Parkview School, Castle Tower School and Fleming Fulton School.
 
Page 2

 
The Bridge Association
 
(A Company Limited by Guarantee)
 
Achievements and Performance (continued)

During the year the Association has continued to develop and enhance the Bridge Quirky Emporium Social Enterprise in order to promote and provide up-cycling, crafting and retail training in a real setting for all trainees. This has gone from strength to strength with the retail side moving into a larger shop unit in Castle Mall, Antrim.
The dedicated What’s App groups, where we share all relevant training unit and government information, is working well. We maintained full GDPR compliance in relation to these. Our Facebook/Instagram pages for Bridge and Quirky are updated on a weekly basis to inform the community about the Association and what we do. The trainees issue a monthly news letter (The Bridge Beat) to highlight both activities that have taken place and upcoming events.
The Trainee Committee works closely with the Senior Management Team on the trainees’ aspirations, requirements for training provision, social activities and fundraising for the new unit.
The Learning Disability Football Team has been developed in conjunction with Hillsborough Boys Football Club and has successfully competed in the annual George Best Community Cup and in the IFA Foundation Disability League.
A trainee choir (The Quirky Choir) has been established and takes part in a range of activities to promote the Association in the community. Their success has been recognised and they will be performing in several local care homes, the Castle Mall Shopping Centre and at the Mayor’s service.
Our Hug A Mug Ability Café, based in Castle Mall, Antrim, opened in July 2024. It promotes and develops catering skills in a real setting for all trainees attending and has been signed up as a ‘Safe’ space, a befriender/information finder through the Loneliness Network and also as a safe space for promoting breast feeding.
 

Financial review
 

a. Going concern
 

Given the continuing support of the Health & Social Care Trusts and their acknowledgement of the valuable work by the charity in providing high quality training and rehabilitation, the directors are confident in the future of the Association and consider the going concern basis suitable for the preparation of accounts for the year ended 31 March 2025.
 
 

b. Reserves policy
 

It is the Association’s policy to try to maintain unrestricted reserves equivalent to 3 months revenue expenditure in order to a) cover short term fluctuations in funding and b) to ensure an orderly rundown of the organisation should future funding be unobtainable. At the year end the investment of cash resources in commencing our new building  project meant that available unrestricted reserves were curtailed, however the directors will be keeping this under constant review.
 

Structure, governance and management
 

a. Constitution
 

The Bridge Association is a charitable company limited by guarantee and registered with the Charity Commission for Northern Ireland (charity no. NIC107046).
 

b. Methods of appointment or election of Directors
 

The management of the Company is the responsibility of the Directors who are elected and co-opted under the terms of the Memorandum of Association.
 

Page 3

 
The Bridge Association
 
(A Company Limited by Guarantee)
 
Structure, governance and management (continued)

c. Pay policy for senior staff
 

The Joint Managing Directors, who are also Trustees, receive remuneration at a level set by the Board.  This remuneration is fully disclosed in these financial statements.
 

d. Organisational structure and decision making
 

Day to day decision making is undertaken by the Executive Directors, Mrs J Barnes and Mr D Edmont, with regular reporting to the Board.  Decisions on strategy, policy and material capital expenditure are taken by the full Board.
 

Plans for future periods
 

An Open Week will continue to be held each year to showcase the work of the Association and with the aim of achieving a placement level of 51 and with a further 5 on a waiting list in order to ensure the future stability of the organisation.
Having secured loan and overdraft facilities from our bankers it is anticipated that Phase 2 of the construction of our new Training Unit/Community Hub project will commence in early 2026. 
We will continue developing our working relationships with all the funding bodies in order to access the necessary grants/funding aid to complete the above project.
 

Statement of Directors' responsibilities
 

The Directors (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).


Company law requires the Directors to prepare financial statements for each financial . Under company law, the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Directors are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles of the Charities SORP (FRS 102);
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.


The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


Disclosure of information to auditors
 

Each of the persons who are Directors at the time when this Directors' Report is approved has confirmed that:

so far as that Director is aware, there is no relevant audit information of which the charity's auditors are unaware, and
that Director has taken all the steps that ought to have been taken as a Director in order to be aware of any relevant audit information and to establish that the charity's auditors are aware of that information.
 

Page 4

 
The Bridge Association
 
(A Company Limited by Guarantee)
 
Auditors
 

The auditorsSumer AuditCo NI Limitedhave indicated their willingness to continue in office and a motion to propose their re-appointment will be put to the AGM.
 

 

Approved by order of the members of the board of Directors and signed on their behalf by:



___________________________
D Edmont
Chariman/Joint Managing Director



___________________________
J Barnes
Joint Managing Director

Date: 22 October 2025

Page 5

 
The Bridge Association

(A Company Limited by Guarantee)
 

 
Independent Auditors' Report to the Members of  The Bridge Association
 

Opinion


We have audited the financial statements of The Bridge Association (the 'Charitable Company') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:

give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the Directors with respect to going concern are described in the relevant sections of this report.


Page 6

 
The Bridge Association

(A Company Limited by Guarantee)
 

 
Independent Auditors' Report to the Members of  The Bridge Association (continued)


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The Directors are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Directors' Report for the financial year for which the financial statements is prepared is consistent with the financial statements.
the Directors' Report  has been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception


In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report..


We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of Directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit; or
the Directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Directors' Report and from the requirement to prepare a Strategic Report.


Responsibilities of Directors


As explained more fully in the Directors' Responsibilities Statement, the Directors (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the Directors are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Directors either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
 

Page 7

 
The Bridge Association

(A Company Limited by Guarantee)
 

 
Independent Auditors' Report to the Members of  The Bridge Association (continued)


Auditors' responsibilities for the audit of the financial statements


Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We considered the opportunities and incentives that may exist within the organisation for fraud and identified
the greatest potential for fraud in the following areas: posting of unusual journals along with complex
transactions and revenue recognition. We discussed both these risks with client management. In regards to journals, we tested a sample of journals to confirm they were appropriate and reviewed areas of judgement for indicators of management bias. To address the revenue recognition risk, we also discussed these with management and considered the risk as part of our sample size within revenue testing.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.


Use of our report
 

This report is made solely to the Charitable Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Charitable Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charitable Company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.





Brian Clerkin (Senior Statutory Auditor)
for and on behalf of
Sumer AuditCo NI Limited
Statutory Auditors
4th Floor
Glendinning House
6 Murray Street
Belfast
BT1 6DN

22 October 2025


Sumer AuditCo NI Limited are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.


Page 8

 
The Bridge Association
 
(A Company Limited by Guarantee)


 
Statement of financial activities (incorporating income and expenditure account)
For the year ended 31 March 2025


Restricted funds
2025
Unrestricted funds
2025
Total
funds
2025
Total
funds
2024
Note
        £
        £
        £
        £

Income from:







Donations and legacies

2

306,472

10,819

317,291

52,678
 
Charitable activities

3

-

874,116

874,116

770,851
 
Total income
306,472
884,935
1,191,407
823,529
Expenditure on:







Charitable activities


-

929,409

929,409

696,474
 
Total expenditure
-
929,409
929,409
696,474

Net movement in funds
  
306,472
(44,474)
261,998
127,055

Reconciliation of funds:

  





Total funds brought forward

  

20,000

542,832

562,832

435,777
 
Total funds carried forward
  
326,472
498,358
824,830
562,832

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 13 to 22 form part of these financial statements.

Page 9

 
The Bridge Association
 
(A Company Limited by Guarantee)
Registered number: NI021368


 
Balance Sheet
As at 31 March 2025


2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 9 
1,064,276
534,126

Current assets
  

Stocks
 10 
76,007
66,304

Debtors
 11 
32,435
31,434

Cash at bank and in hand
  
105,353
137,170

  
213,795
234,908

Current liabilities
  

Creditors: amounts falling due within one year
 12 
(284,940)
(60,003)

Net current liabilities / assets 
  
 
 
(71,145)
 
 
174,905

Total assets less current liabilities
  
993,131
709,031

Creditors: amounts falling due after more than one year
 13 
(168,301)
(146,199)

Total net assets 
  
824,830
562,832


Charity funds
  

Restricted funds
 14 
326,472
20,000

Designated funds
 14 
38,557
27,738

General funds

 14 
459,801
515,094

Total funds
  

824,830

562,832

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Directors and signed on their behalf by:



___________________________
D Edmont
Chairman/Joint Managing Director


___________________________
J Barnes
Joint Managing Director
 
Date: 
22 October 2025
Page 10

 
The Bridge Association
 
(A Company Limited by Guarantee)
Registered number: NI021368


 
Balance Sheet (continued)
As at 31 March 2025


The notes on pages 13 to 22 form part of these financial statements.

Page 11

 
The Bridge Association
 
(A Company Limited by Guarantee)


 
Statement of Cash Flows
For the year ended 31 March 2025

2025
2024
£
£

Cash flows from operating activities

Net cash generated from operating activities

362,730
146,366

Cash flows from investing activities

Purchase of tangible fixed assets
(571,649)
(29,729)

Net cash used in investing activities

(571,649)
(29,729)

Cash flows from financing activities

Cash inflows from new borrowing
155,000
-

Repayments of borrowing
(6,984)
(5,783)

New finance leases
53,874
-

Repayments of finance leases
(24,788)
(8,398)

Net cash provided by/(used in) financing activities

177,102
(14,181)

Change in cash and cash equivalents in the year
 
(31,817)
 
102,456

Cash and cash equivalents at the beginning of the year
137,170
34,714

Cash and cash equivalents at the end of the year
105,353
137,170

The notes on pages 13 to 22 form part of these financial statements

Page 12

 
The Bridge Association

(A Company Limited by Guarantee)
 

 
Notes to the Financial Statements
For the year ended 31 March 2025

1.Accounting policies

  
1.1

Basis of preparation of financial statements

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The Bridge Association meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

  
1.2

Company Status

The company is a company limited by guarantee. The members of the company are the Directors named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.

  
1.3

Going concern

The Directors of The Bridge Association have reviewed the resources available and believe that the charity has adequate resources to continue in operational existence for the foreseeable future.
Accordingly, The Bridge Association continues to adopt the going concern basis in preparing the financial statements.

  
1.4

Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

  
1.5

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

Page 13

 
The Bridge Association

(A Company Limited by Guarantee)
 

 
Notes to the Financial Statements
For the year ended 31 March 2025

1.Accounting policies (continued)

 
1.6

Tangible fixed assets and depreciation

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

Freehold property
-
6% straight line
Plant and machinery
-
20% & 33% straight line
Motor vehicles
-
25% straight line

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of Financial Activities incorporating Income and Expenditure Account.

  
1.7

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

  
1.8

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

  
1.9

Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.


1.10

Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

  
1.11

Financial instruments

The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value, with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Page 14

 
The Bridge Association

(A Company Limited by Guarantee)
 

 
Notes to the Financial Statements
For the year ended 31 March 2025

1.Accounting policies (continued)

  
1.12

Leasing and hire purchase

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Statement of Financial Activities incorporating Income and Expenditure Account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

  
1.13

Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

  
1.14

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Directors in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Directors for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in note 14 in the financial statements.


2.

Income from donations and legacies





Restricted funds
2025
Unrestricted funds
2025
Total
funds
2025
Total
funds
2024
        £
        £
        £
        £
 



 
Donations

-

10,819

10,819

12,428
 
Grants

306,472

-

306,472

40,250
 


306,472
10,819
317,291
52,678

Restricted funds relate to grants which must be used for specific purposes.
Included within the grants are four grants amounting to £245,005 funding the capital expense of the new training centre.

Page 15

 
The Bridge Association

(A Company Limited by Guarantee)
 

 
Notes to the Financial Statements
For the year ended 31 March 2025

3.

Income from charitable activities




Unrestricted funds
2025
Total
funds
2025
Total
funds
2024
        £
        £
        £




Direct payment fees

670,087

670,087

644,220
 
Other income from charitable activities

193,826

193,826

116,752
 
Canteen income

10,203

10,203

9,879
 


874,116
874,116
770,851




4.

Analysis of expenditure by activities





Activities undertaken directly
2025
Support costs
2025
Total
funds
2025
Total
funds
2024
        £
        £
        £
        £





Support costs - wages and salaries

-

59,974

59,974

57,303
 
Trainee costs

140,941

-

140,941

128,810
 
Other support costs

58,462

195,010

253,472

167,241
 
Other costs

390

22,187

22,577

5,299
 
Staff costs - wages and salaries

380,000

-

380,000

286,174
 
Cost of sales

72,445

-

72,445

51,647
 
Total 2025


652,238
277,171
929,409
696,474



5.


Net income/(expenditure)

This is stated after charging:
Depreciation of tangible fixed assets


2025
2024
£
£



- owned by the charity
1,915
2,095

- held under finance leases
39,583
24,624

Page 16

 
The Bridge Association

(A Company Limited by Guarantee)
 

 
Notes to the Financial Statements
For the year ended 31 March 2025

6.

Auditors' remuneration

The auditors' remuneration amounts to an auditor fee of £5,800 (2024 - £5,500).

7.



Staff costs


2025
2024
£
£


Wages and salaries
417,650
322,959

Contribution to defined contribution pension schemes
22,324
20,518

439,974
343,477

Included in the wages and salaries figures above is £24,934 in relation to employer social security costs.

The average number of persons employed by the Company during the year was as follows:


2025
2024


18
15

No employee received remuneration amounting to more than £60,000 in either year.





8.


Directors' remuneration and expenses

During the year retirement benefits were accruing to 2 Directors (2024: 2) in respect of defined contribution pension schemes.
Remuneration paid to key personnel, being the two Joint Managing Directors amounted to £118,000 (2024: £112,744). No other Directors received any remuneration or expenses. Remuneration of key management personnel includes employer pension contributions and National Insurance contributions as defined under FRS 102.

During the year ended 31 March 2025, no Director expenses have been incurred (2024: £NIL).

Page 17

 
The Bridge Association

(A Company Limited by Guarantee)
 

 
Notes to the Financial Statements
For the year ended 31 March 2025

9.


Tangible fixed assets




Freehold property
Plant and machinery
Motor vehicles
Total

£
£
£
£


Cost or valuation

At 1 April 2024
625,908
121,451
142,206
889,565

Additions
509,626
62,023
-
571,649

Disposals
-
-
(19,794)
(19,794)


At 31 March 2025

1,135,534
183,474
122,412
1,441,420


Depreciation

At 1 April 2024
182,264
115,626
57,550
355,440

Charge for the year
-
10,894
30,604
41,498

On disposals
-
-
(19,794)
(19,794)


At 31 March 2025

182,264
126,520
68,360
377,144


Net book value


At 31 March 2025
953,270
56,954
54,052
1,064,276


At 31 March 2024
443,644
5,825
84,656
534,125

Included within the NBV of Land and Buildings is £953,270 in relation to an asset under construction, the new training center.


10.



Stocks


2025
2024
£
£

Finished goods and goods for resale
76,007
66,304


11.



Debtors


2025
2024
£
£


Due within one year

Other debtors
4,449
-

Prepayments and accrued income
27,986
31,434

32,435
31,434

Page 18

 
The Bridge Association

(A Company Limited by Guarantee)
 

 
Notes to the Financial Statements
For the year ended 31 March 2025

12.



Creditors: Amounts falling due within one year


2025
2024
£
£


Bank loans
147,323
17,950

Other loans
30,000
-

Social Security and other taxes
-
5,857

Obligations under finance lease and hire purchase contracts
18,061
8,397

Other creditors
14,203
8,021

Accruals and deferred income
75,353
19,778

284,940
60,003


13.



Creditors: Amounts falling due after more than one year


2025
2024
£
£


Bank loans
100,659
107,643

Net obligations under finance lease and hire purchase contracts
67,642
38,556

168,301
146,199


Included within the above are amounts falling due as follows: 

2025
2024
£
£

Between one and two years

Bank loans
17,950
17,950

Between two and five years

Bank loans
53,850
53,850

Over five years

Bank loans
28,859
35,843

Hire Purchase

2025
2024
£
£


Between one and five years
67,643
46,954

67,643
46,954

Page 19

 
The Bridge Association

(A Company Limited by Guarantee)
 

 
Notes to the Financial Statements
For the year ended 31 March 2025

14.

Statement of funds


Statement of funds - current year

Balance at 1 April 2024
£
Income
£
Expenditure
£
Balance at 31 March 2025
£

Unrestricted funds





Designated funds






Designated Funds - all funds

27,738

10,819

-

38,557
 

General funds






General Funds - all funds

515,094

874,116

(929,409)

459,801
 
Total Unrestricted funds




542,832

884,935

(929,409)

498,358

Designated funds represent monies allocated by the Trustees to fund the new building project.

Restricted funds






Restricted Funds - all funds

20,000

306,472

-

326,472
 

Total of funds


562,832
1,191,407
(929,409)
824,830

Restricted funds relate to grants which must be used for specific purposes. 

Page 20

 
The Bridge Association

(A Company Limited by Guarantee)
 

 
Notes to the Financial Statements
For the year ended 31 March 2025

14.

Statement of funds (continued)



Statement of funds - prior year

Balance at
1 April 2023
£
Income
£
Expenditure
£
Balance at
31 March 2024
£

Unrestricted funds





Designated funds






Designated Funds - all funds

15,310

12,428

-

27,738
 

General funds






General Funds - all funds

420,467

770,851

(676,224)

515,094
 
Total Unrestricted funds




435,777

783,279

(676,224)

542,832


Restricted funds






Restricted Funds - all funds

-

40,250

(20,250)

20,000
 


Total of funds


435,777
823,529
(696,474)
562,832


15.

Analysis of net assets between funds

Analysis of net assets between funds - current year

Restricted funds
2025
Unrestricted funds
2025
Total
funds
2025
        £
        £
        £



Tangible fixed assets

326,472

737,804

1,064,276

Current assets

-

213,795

213,795

Creditors due within one year

-

(284,940)

(284,940)

Creditors due in more than one year

-

(168,301)

(168,301)

Total 


326,472
498,358
824,830


Page 21

 
The Bridge Association

(A Company Limited by Guarantee)
 

 
Notes to the Financial Statements
For the year ended 31 March 2025

15.Analysis of net assets between funds (continued)


Analysis of net assets between funds - prior year

Restricted funds
2024
Unrestricted funds
2024
Total
funds
2024
        £
        £
        £



Tangible fixed assets

-

534,126

534,126

Current assets

20,000

214,908

234,908

Creditors due within one year

-

(60,003)

(60,003)

Creditors due in more than one year

-

(146,199)

(146,199)

Total 

20,000
542,832
562,832


16.


Contingent liabilities

At the balance sheet date, the charity has identified potential obligations relating to donations and grants received. These contingent liabilities arise as follows:
Grants Subject to Repayment Conditions
Certain grants received during the year include conditions requiring the charity to meet specified  milestones or maintain the funds for designated purposes. If these conditions are not met, there is a risk the funds may be subject to repayment. The total value of grants which may become repayable is £281,213.
As at 31 March 2025, the charity has no indication that the conditions will not be fulfilled, therefore no provision has been made in these financial statements.
Donor Restrictions
Donations may be restricted by donors for specific purposes. While the charity actively manages its activities to comply with these restrictions, failure to adhere to donor requests could result in a liability to repay unutilised funds.



17.


Related party transactions

Remuneration of £31,506 (2024: £29,714) was paid to a family member connected to one of the Directors, remuneration of £20,184 (2024: £16,455) was paid to two family members of another Director. Furthermore, a loan under the terms of interest free and repayable on demand has been given to the charity by one of the Directors.
 

Page 22