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BRIDGE-IT HOUSING UK TEAM LTD

Registered charity 1146838 · accounts filings on the Charity Commission register

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Latest income
£18.1m
Latest spending
£14.1m
Registered
2012
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a surplus of £3,986,266 for the year ended 28 February 2025, with total income increasing to £18,104,725 from £12,490,732 in the prior year. Per the trustees' report, free reserves stood at £1,271,603, although the document notes that if full outstanding property lease payments were included, there would be no free reserves. The independent auditors issued a qualified opinion due to limitations on audit scope regarding operating expenditures, but confirmed the going concern basis of accounting is appropriate.

What the accounts disclose

Related-party transaction: Rent paid to Bridge-IT Enterprises Ltd, a company where CEO C Griffiths is a director.
“C Griffiths is also a director of Bridge-IT Enterprises Ltd. During the year Bridge-IT Housing UK Team Ltd paid rent of £853,770 (2024: £867,568) to Bridge-IT Enterprises Ltd” — page 32
“C Griffiths and his wife also rents a property directly to the company. £9,900 (2024: £9,025) of rent was paid directly to C Griffiths.” — page 32
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Rent paid directly to CEO C Griffiths for property rented by him and his wife.
“C Griffiths is also a director of Bridge-IT Enterprises Ltd. During the year Bridge-IT Housing UK Team Ltd paid rent of £853,770 (2024: £867,568) to Bridge-IT Enterprises Ltd” — page 32
“C Griffiths and his wife also rents a property directly to the company. £9,900 (2024: £9,025) of rent was paid directly to C Griffiths.” — page 32
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Purchase of property from Pentzion Ltd, a company where CEO C Griffiths and Business Development Manager C Hope are directors.
“C Griffiths is also a director of Bridge-IT Enterprises Ltd. During the year Bridge-IT Housing UK Team Ltd paid rent of £853,770 (2024: £867,568) to Bridge-IT Enterprises Ltd” — page 32
“C Griffiths and his wife also rents a property directly to the company. £9,900 (2024: £9,025) of rent was paid directly to C Griffiths.” — page 32
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Remuneration paid to CEO C Griffiths, who is the brother of Trustee M Barnes.
“C Griffiths is also a director of Bridge-IT Enterprises Ltd. During the year Bridge-IT Housing UK Team Ltd paid rent of £853,770 (2024: £867,568) to Bridge-IT Enterprises Ltd” — page 32
“C Griffiths and his wife also rents a property directly to the company. £9,900 (2024: £9,025) of rent was paid directly to C Griffiths.” — page 32
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Remuneration paid to M Barnes, son of Trustee M Barnes.
“C Griffiths is also a director of Bridge-IT Enterprises Ltd. During the year Bridge-IT Housing UK Team Ltd paid rent of £853,770 (2024: £867,568) to Bridge-IT Enterprises Ltd” — page 32
“C Griffiths and his wife also rents a property directly to the company. £9,900 (2024: £9,025) of rent was paid directly to C Griffiths.” — page 32
Per its FY2025 accounts as filed with the Charity Commission.
Governance: Original financial statements submitted to Companies House were unaudited, prepared under the wrong financial reporting standard, and contained incorrect figures.
“The original financial statements submitted on Companies House were prepared under the wrong financial reporting standard, were unaudited and contained incorrect figures.” — page 2
“We were therefore unable to satisfy ourselves over the Operating Expenditure (excluding wages, depreciation and rental costs) figures included in the revised Statement of Comprehensive Income at a value of £6,123,258.” — page 10
Per its FY2025 accounts as filed with the Charity Commission.
Governance: Auditors issued a qualified opinion due to inability to verify operating expenditure.
“The original financial statements submitted on Companies House were prepared under the wrong financial reporting standard, were unaudited and contained incorrect figures.” — page 2
“We were therefore unable to satisfy ourselves over the Operating Expenditure (excluding wages, depreciation and rental costs) figures included in the revised Statement of Comprehensive Income at a value of £6,123,258.” — page 10
Per its FY2025 accounts as filed with the Charity Commission.
Governance: Auditors reported that adequate accounting records were not kept and satisfactory systems of control were not maintained for specific expenditures.
“The original financial statements submitted on Companies House were prepared under the wrong financial reporting standard, were unaudited and contained incorrect figures.” — page 2
“We were therefore unable to satisfy ourselves over the Operating Expenditure (excluding wages, depreciation and rental costs) figures included in the revised Statement of Comprehensive Income at a value of £6,123,258.” — page 10
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Fortus Audit LLP. Discloses 3 of 6 completeness components.

Structured financials (annual return, FY ending 28/02/2025)

Total income
£18.1m
Total spending
£14.1m
Reserves (reported)
£1.3m
Employees
169

Reported reserves equal ~1.1 months of spending — in the bottom quarter for charities its size (median 4.6 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Barnsley · Bradford City · City Of Wakefield · Doncaster · Kirklees · Manchester City · Oldham · Rotherham · Salford City

Income and spending

Financial year endIncomeSpending
28/02/2025£18.1m£14.1m
29/02/2024£12.5m£11.7m
28/02/2023£9.1m£8.6m
28/02/2022£7.7m£6.9m
28/02/2021£6.0m£5.4m

Common questions

Is BRIDGE-IT HOUSING UK TEAM LTD financially healthy?

The accounts state that the charity reported a surplus of £3,986,266 for the year ended 28 February 2025, with total income increasing to £18,104,725 from £12,490,732 in the prior year. Per the trustees' report, free reserves stood at £1,271,603, although the document notes that if full outstanding property lease payments were included, there would be no free reserves. The independent auditors issued a qualified opinion due to limitations on audit scope regarding operating expenditures, but confirmed the going concern basis of accounting is appropriate. Its FY2025 accounts were audited by Fortus Audit LLP.