Finance Score: -5

Governance Score: 0

Support Score: 8

Excess reserves: -5
Pension deficit: -1
Strong growth: +2
Volatile income
spending growth: -1

Grant maker support: +8

Overall GiG Score: 3

BRIDGE HOUSE ESTATES

This is a grant making charity, you can view its grants here

The maintenance and support of London Bridge, Southwark Bridge, Blackfriars Bridge, Tower Bridge and Millennium Bridge. Surplus income is used for charitable funding purposes benefiting the inhabitants of Greater London in such ways as the Trustee thinks fit.

Analysis by Giving is Great

Positives:

The charity has received backing from multiple prominent grant makers recently
This charity has an endowment fund which generates most of its income
There has been strong growth in spending over the last 5 years

Regulatory & Governance issues to consider:

This charity is not recognised by HMRC for Gift Aid according to its latest published return
This charity uses a corporate trustee

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £644,200,000 available, equivalent to 75 months of spending and so may not be able to utilise additional funding
There is a pension deficit of £4,300,000
Income has been volatile recently but spending has been maintained

Established: 30 years

www.citybridgefoundation.org.uk

karen.atkinson@citybridgefoundation.org.uk

02073321395

Charity Commission for England and Wales

Tweets

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff
31/03/23		£35,300	£103,700	£-68,400	£0	£1,613,400	£644,200	74.5	129
31/03/22		£3,410	£66,600	£-63,190	£6,900	£1,720,200	£689,700	124.3	131
31/03/21		£47,400	£89,600	£-42,200	£9,100	£1,643,200	£659,900	88.4	130
31/03/20		£46,600	£62,800	£-16,200	£0	£1,536,400	£549,400	105	125
31/03/19		£43,100	£53,100	£-10,000	£6,400	£1,494,700	£587,000	132.7	122
31/03/18		£42,600	£53,300	£-10,700	£5,500	£1,395,800	£564,200	127	119
31/03/17		£34,100	£50,000	£-15,900	£5,300	£1,341,200	£1,341,200	321.9	108
31/03/16		£31,400	£44,400	£-13,000	£4,700	£1,183,500	£1,183,500	319.9	110
31/03/15		£92,600	£41,600	£51,000	£4,300	£1,141,700	£1,141,700	329.3	99
31/03/14		£40,900	£39,300	£1,600	£4,100	£1,023,900	£1,023,900	312.6	96
31/03/13	*	£43,200	£34,300	£8,900	£4,000	£959,600	£959,600	335.7	95
31/03/12		£44,700	£38,700	£6,000	£3,600	£870,000	£870,000	269.8	94
31/03/11		£40,000	£37,600	£2,400	£3,500	£828,200	£828,200	264.3	94
31/03/10		£40,800	£34,200	£6,600	£3,100	£795,300	£795,300	279.1	92
31/03/09		£42,000	£35,900	£6,100	£3,000	£663,800	£663,800	221.9	93
31/03/08		£42,000	£31,400	£10,600	£900	£797,900	£797,900	304.9	96
31/03/07		£39,383	£32,621	£6,762	£2,902	£826,585	£826,585	304.1	95
31/03/06		£37,271	£32,074	£5,197	£0	£0	£0	n/a	0
31/03/05		£34,888	£31,236	£3,652	£0	£0	£0	n/a	0
31/03/04		£34,446	£28,833	£5,613	£0	£0	£0	n/a	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Senior Staff Costs/Total Spending: 2%
Highest pay band: £130,000-£140,000
Liabilities/Assets: 7%
Liabilities/Income: 321%
Unrestricted Funds/Total Funds: 40%
Reserves/Spending: 74.5 months
Net Current Assets/Spending: -1 months
Quick Ratio: 0.1

Asset Split ?

Listed activities

Other Charitable Purposes

How it operates

Makes Grants to Organisations
Other charitable activities
Provides other finance

Where it operates

Throughout London,

Who it helps

Children/Young People
Elderly/Old People
Other Charities Or Voluntary Bodies
People Of A Particular Ethnic Or Racial Origin
People With Disabilities
The General Public/Mankind

Who works here?

129 employees

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years

Paul Hamlyn Foundation	£750,000
Trust for London	£500,000
The Clothworkers Foundation	£295,470
Alan & Babette Sainsbury Charitable Fund	£70,000

Specific Donations

Amount	When Months	To be used for
Paul Hamlyn Foundation - Covid-19 Emergency Funding: London Communities Response Fund
£250,000	06/11/2020 3	Joining funders including the Mayor of London, Bloomberg, City Bridge Trust, John Lyon’s Charity, Trust for London and the Julia and Hans Rausing Trust, this grant is Paul Hamlyn Foundation's ....more Joining funders including the Mayor of London, Bloomberg, City Bridge Trust, John Lyon’s Charity, Trust for London and the Julia and Hans Rausing Trust, this grant is Paul Hamlyn Foundation's contribution to the emergency scheme coordinated by London Funders to support organisations in the capital facing immediate financial pressures and uncertainty due to the Covid-19 outbreak.
The Clothworkers Foundation - Grant to City Bridge Trust
£95,470	24/04/2020	COVID19 : additional funding towards the London Communities Response Pooled Fund
Alan & Babette Sainsbury Charitable Fund - Donation to charities affected by the Covid-19 crisis
£70,000	02/04/2020	to The London Community Response Fund for charities affected by the Covid-19 crisis.
The Clothworkers Foundation - Grant to City Bridge Trust
£200,000	30/03/2020	COVID19 : towards the London Communities Response Fund
Paul Hamlyn Foundation - COVID19 Emergency Funding
£500,000	30/03/2020 12	Contribution towards the London Community Response Fund COVID-19 appeal.
Trust for London - City Bridge Trust
£500,000	26/02/2020 24	The funding is for the Cornerstone Fund 2, a funder collaboration, led by City Bridge Trust which aims to strengthen infrastructure support for civil society groups in London, with a particular focus ....more The funding is for the Cornerstone Fund 2, a funder collaboration, led by City Bridge Trust which aims to strengthen infrastructure support for civil society groups in London, with a particular focus on bringing about system change at a local and regional level.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (1)

THE MAYOR AND COMMONALTY AND CITIZENS OF THE CITY OF LONDON

Legal constitution

Charity registered in England & Wales on 24/03/1994, number: 1035628

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Campaigns and political activity policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Engaging external speakers at charity events policy and procedures
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Investment
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Filing Record

20 returns made; AR13: 64 days late,

Main office

CORPORATION OF LONDON
PO BOX 270
LONDON
EC2P 2EJ

Objectives

THE MAINTENANCE AND SUPPORT OF LONDON BRIDGE, BLACKFRIARS BRIDGE, SOUTHWARK BRIDGE, TOWER BRIDGE AND THE MILLENNIUM BRIDGE. ANY SURPLUS INCOME TO BE APPLIED: IN OR TOWARDS THE PROVISION OF TRANSPORT AND ACCESS TO IT FOR ELDERLY OR DISABLED PEOPLE IN THE GREATER LONDON AREA; AND, OR, FOR OTHER CHARITABLE PURPOSES FOR THE GENERAL BENEFIT OF THE INHABITANTS OF GREATER LONDON IN SUCH WAYS AS THE TRUSTEES THINK FIT.

Defined Area of Benefit:

LONDON BRIDGE, BLACKFRIARS BRIDGE, SOUTHWARK BRIDGE, TOWER BRIDGE, THE MILLENNIUM BRIDGE AND GREATER LONDON.

Data Sources