The Bridge Annual Report 2024 - Flipbook - Page 50
2023-24
FINANCE OVERVIEW
Following four years with strong
昀椀nancial surpluses, 2023-24 was
the year when, in line with the
strategic direction, The Bridge
made a number of investments to
support growth in services. Our
focus remains on increasing
our impact by providing more
services to more people with
disabilities.
This also coincided with not selling any
further houses at Park Grove and the loss
of $1,300,000 funding from Jobs Victoria
after the sudden announcement at the end
of 2022-23 to signi昀椀cantly scale back the
JVES program. As a result of these major
factors, The Bridge made a de昀椀cit in
2023-24 of $799,000.
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THE BRIDGE ANNUAL REPORT 2024
Apart from these factors, The Bridge achieved
strong intake across most programs with the
investment in three new sites at Pakenham,
Dandenong and Mornington, starting to
deliver sustained growth in activity levels
towards the end of the year.
The Bridge ended the year with total income
of $16,748,000 (up $52,000 from 2022-23
excluding house sales in that year).
Expenses totalled $17,547,000 (up
$2,232,000 from 2022-23 excluding
costs associated with house sales in that year).
