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Bail in the UK doesn't (usually) involve any money. There is no concept of bail bonds or anything like it. The UK concept of Bail dates back to Magna Carta, since the principles of Habeas Corpus mean that someone cannot be detained without sufficient cause.
Bail from a police station You can be given bail at the police station after you've been charged. This means you'll be released from custody until your first court hearing. If you're given bail, you might have to agree to conditions like: living at a particular address.
Under the new regime, police can now bail suspects from the police station for up to 3 months. If the police consider that 3 months is not long enough to complete their investigation then an officer of inspector rank or above can grant a further 3 months (to total a 6 month bail period).
A surety is where another person who is prepared to promise to pay the court a certain sum of money should the defendant breach any of his bail conditions, such as failing to attend court. No money has to be paid unless the defendant breaches bail.
In short, when your bail expires, you may be required to appear in court. If you don't attend court when required, a warrant may be issued for your arrest.