THE YORK BRIDGE CLUB
Company Registration No. 07912972 Registered Charity No. 1146300
THE YORK BRIDGE CLUB
Trustees’ Report and Financial Statements
Year ended 31 March 2024
THE YORK BRIDGE CLUB
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS
Contents
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THE YORK BRIDGE CLUB
LEGAL AND ADMINISTRATIVE DETAILS
TRUSTEES
Trustees who served during the year ended 31 March 2024 and up to the date of this report: Martin Baye appointed 17 july 2018 Azizah Clayton appointed 4 August 2020 Philip Godfrey appointed 17 January 2012 Sally Gregory, Chair appointed 4 August 2020 Stuart Kay appointed 17 January 2012 COMPANY SECRETARY Mark Dunkley appointed 13" March 2018
MANAGEMENT COMMITTEE
Members who served during the year and up to the date of this report: Robin Loft, Chair; David Keri; Andrew Merrison; Judy Baines; Ruth Mattingly; Lynda Baker
COMPANY REGISTRATION NUMBER: 07912972
REGISTERED CHARITY NUMBER: 1146300
REGISTERED OFFICE
York Bridge Club The Green Acomb York YO26 5FG
INDEPENDENT EXAMINER
Michael W Sturge FCA 23 Lucombe Way York YO32 4DS
BANKERS Barclays Bank plc 1,2&3 Parliament Street York YO1 1XD
SOLICITORS Rollits LLP Forsyth House Alpha Court Monks Cross Drive Auntington York YO32 SWN
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THE YORK BRIDGE CLUB
TRUSTEES’ REPORT
2023/4 has proved to be a successful year for the club. Our decision to stop running all online bridge and teaching has continued to prove effective. Membership numbers are continuing to grow and have now surpassed 300 with our successful integrated teaching pathway and provision of mentoring support proving a success at bringing new and returning fearners into the club playing sessions. Whilst there have been substantial financial pressures on expenses, and in particular, the costs of ableutilitiesto controlsuch as electricity,these costs theto restructuringremain withinofbudgets. the outstandingIn the curreloa n st hasyear,meantwe have completthat we hav e beend the further restructuring of £20,000 of long-term loans replacing interest bearing loans with interest free foans and we have repaid a further sum of £36,737 leaving outstanding loans (as at 30” April) of £52,763. The Trustees have agreed a slight revisionto the reservesand joan repayment poticies to ensure the timely repayment of the remaining loans and the provision of a longer-term maintenance fund for future capital spends. Whilst our policy continues to make allowance for repayment of outstanding loans over the next 8 years, we anticipate earlier repayment provided current successes are maintained. To meet our charitable aims, we have continued to build on links with the local community and Councillors and have hosted events at the Acomb Explore as well as our own drop-in open days. This has been further supported by the social events at the club that have encouraged members and visitors. We expect to continue to build on these foundations in the coming year taking bridge to communities in the areas that have not previously had the opportunity to partake with the aim of increasing social interactions and reducing isolation.
Within the bridge community, we continue to widen our scope both in running external events (seminars and external competitions) and in sharing our knowledge and experiences with other clubs in the area. We have recently agreed a three-way tie up with local clubs to jointly promote, for the benefit of aff players in the area and beyond, tie visit ofa national bridge teacher. This is in direct support of our teaching charitable aims.
Our teachers have provided a wide breadth of learning opportunities and have actively encouraged the integration of newer, less experienced players into our bridge community. We hope to build our Seanners pateway forther te emcee a goed foundation for maimteining and euilding the cluk membership, introducing new players ta the game and looking to make bridge accessible for all: a foundation of our charitable remit. This aim is similarly reflected in our ambition to widen youth participation in the game with its known benefits to strategic and mental agility. Our youth academy has achieved some good successes this year and our approach to teaching for this younger age group is achieving recognition from our county youth liaison.
In the coming year, we anticipate one or more of our Trustees retiring from their role as part of natural turnover. In preparation for this, we have commenced the process to recruit suitable replacements. We expect new Trustee(s) to be in place before the retirement of any existing Trustees, with a suitable handover period to aid the smooth transition. To those Trustee(s) who intend stepping down, f would fike tu express my sincere thanks.
,
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| would also like to thank all those people who have freely given their time to help with so many of the supporting activities and work that is required to keep our club running (there are far too many to name individually but you are all very much appreciated). As always, the success of our club depends on its members, both in supporting, playing, and learning with the club but also in promoting and sharing your experiences with others, encouraging them to come and try.
In the coming year, we are looking to refresh the vision and ambition of the charity to achieve more and to build on our successes to date. There is much that we should be proud of having achieved this year and much more that we hope to achieve in the coming one. We will continue to build on the exciting opportunities our new club allows,
Sally Gregory Chair of Trustees 3" May 2024
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THE YORK BRIDGE CLUB
INDEPENDENT EXAMINER’S REPORT
[ report on the accounts of The York Bridge Club for the year to 31 March 2024, which are set out on pages 7 to 11.
As the charity's Trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
| report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, ! have followed the applicable Directions given by the Charity Commission under section 145{5){b) of the Act.
independent examiner's statement
1 have completed my examina| confirm t hatin o materialn. matters have come to my attention in connection with the examination which gives me cause to befieve that, in any material respect:
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The accounting records were not kept in accordance with section 130 of the Charities Act; or
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The accounts did not accord with the accounting records; or
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The accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports} Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
| have no concerns and have come across no matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
NhaA& Michael W Sturge FCA 23 Lucombe Way York ¥O32 4DS
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we
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10™ June 2024
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THE YORK BRIDGE CLUB
STATEMENT OF FINANCIAL ACTIVITIES
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|||||||||
|---|---|---|---|---|---|---|---|
|FOR THE YEAR|1|APRIL 2023 TO|31|MARCH|2024|
|2024|2023|
|£|£|
|INCOMING|RESOURCES|FROM|OPERATIONS|
|Membership|Subscriptions|9,765|6,468|
|Gift|Aid|Recoverable|1,557|2,893|
|Table money|48,879|42,514|
|Donations|913|30,727|
|Room|Hire/External|Events|1,691|637|
|Other|income|-|Electric Charge|Point|332|220|
|TOTAL|INCOMING|RESOURCES FROM|OPERATIONS|63,137|83,459|
|RESOURCES|EXPENDED|ON|OPERATIONS|
|Charitable|Activities:|
|Loan|interest|and|bank|charges|1,971|3,402|
|Insurances|2,949|2,681|
|Utilities|5,007|3,505|
|Repairs|and|maintenance|793|46|
|Housekeeping and|cleaning|3,513|3,584|
|Refreshments|1,852|1,410|
|EBU|{re|table|money)|4,971|4,671|
|Stationery and|printing|113|247|
|New|and|replacement|equipment|5,697|4,974|
|Competition|fees|and|sundries|732|503|
|Club|Events|707|199|
|Service|contracts|and|subscriptions|995|717|
|Teacher/Training|Courses|583|548|
|Acomb|Sports|Club|2,553|2,361|
|Professional|fees|957|650|
|Miscellaneous|Expenses|65|
|TOTAL RESOURCES|EXPENDED ON|OPERATIONS|33,458|29,498|
|NET INCOMING|RESOURCES|FROM|OPERATIONS|29,679|53,961|
|LESS:|NON-CASH|CHARGES|
|-|Leasehold|Amortisation|14,859|14,859|
|-|Depreciation|of fixed|assets|596|596|
|- ASC|leasehold|amortisation|500|500|
|- ASC Grounds|Reserve|500|500|
|-|Loan|repayment|Reserve|Note|7|(2,355)|8,950|
|- Total|14,1006|25,405|
|TOTAL|NET INCOMING|RESOURCES|15,579|28,556|
|REVENUE|FUNDS BROUGHT FORWARD|FROM 1 APRIL|697,201|668,645|
|TOTAL FUNDS|CARRIED FORWARD|ON|31|MARCH|712,780|697,201|
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THE YORK BRIDGE CLUB
: 7 | ) : :
BALANCE SHEET
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|---|---|---|---|---|---|
|AT 31 MARCH|2024|
|31|March|2024|31|March 2023|
|Note|£|£|£|£|
|Tangible|Fixed Assets|4|
|Long leasehold|Property|742,960|732,218|
|Additions|0|10,742|
|Less:|accumulated|amortisation|-29,718|~14,859|
|713,242|728,101|
|Furniture|&|Equipment|6|16,675|16,675|
|Less: accumulated depreciation|-11,905|-11,309|
|4,770|5,366|
|intangible Assets|
|Lease|Premium|- Acomb|Sports|
|Club|25,000|25,000|
|Less:|accumulated|amortisation|5|-1,000|-500|
|24,000|24,500|
|Total|Fixed Assets|742,012|757,967|
|Current Assets|
|Cash|at|Bank:|
|Members money|14,679|8,932|
|Current|account|31,105|33,485|
|Debtors|6,787|-|5,367|
|52,571|47,784|
|Less:|Current|Liabilities|
|Member|Subscriptions|paid|in|
|advance|105|245|
|Accounts|Payable|3,776|2,996|
|HMRC VAT|payable|1,995|-3,573|
|Table|money on|account|14,679|8,932|
|Sponsorship|850|1,000|
|Sundry Creditor|40|0|
|21,445|9,600|
|Net Current Assets|31,126|38,184|
|Less:|Creditors|due|over|1|Year:-|
|Loans from|members|7|-52,763|-89,500|
|Net Assets|720,375|706,651|
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|
| Represented by: | ||
|---|---|---|
| RevenueReserves at 1April2023 | 697,201 | 668,645 |
| Add: net income fortheyear | 15,579 | 28,556 |
| Revenue Reserves at 31 March | ||
| 2024 | 712,780 | 697,201 |
| Loan Repayment Reserve | 6,595 | 8,950 |
| ASCGrounds Reserve | 1,000 | 500 |
| 720,375 | 706,651 |
For the year ending 31 March 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act.
The members have not required the company to obtain an audit in accordance with Section 476 of the Companies Act.
The Directors (Trustees) acknowledge their responsibilities for:
(i) ensuring the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(ii) preparing financial statements which give a true and fair view of the state of affairs of the company at the end of each financial year and its profit and loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The financial statements have been prepared in accordance with special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standards for smaller Entities (effective April 2008).
These financial statements were approved by the Board of Trustees on 10" June 2024 and signed on its behalf by:
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Sally Gregory Philip Godfrey
Chair Trustee
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THE YORK BRIDGE CLUB
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
1 The York Bridge Club
- The York Bridge Club was registered as a charity by the Charity Commission on 8 March 2012. It is a company limited by guarantee and is registered at Companies House (registration number 067912972}.
2 Basis of preparation
The accounts have been prepared on the basis of historic costs in accordance with Accounting and Reporting by Charities - Statement of Recommended Practice, applicable accounting standards, and witht theCompaniesAct 2006. The charity has taken advantage of the exemption in Financial Reporting Standard No. 1 from the requirement to produce a cashflow statement on the grounds that it is a small charity.
3 Accounting Policies
Fixed Assets
Expenditure on fixed assets up to £2,500 is charged to the statement of Financial Activities in the year that it is incurred.
Depreciation
Furniture and Fittings are being depreciated over 10 years and Equipment over 4 years. Loan Repayment Reserve
This is being set up over a 10 year period to repay the members loans commencing on 1 April 2022.
ASC Grounds Reserve
Under an agreement with Acomb Sports Club {ASC), we are setting up a reserve to provide for major upkeep and maintenance projects.
4 Tangible Fixed Assets
Long leasehold Property
The leasehold property is stated at cost. Total costs include the cost of construction of the dubhouse at Acomb Green, together with related costs, including professional fees, insurance and utilities connection costs.
The property was completed and brought into use at 31 March 2022. The trustees have adopted a policy of amortising the building over a 50 year period. A full year's amortisation has been charged in these accounts.
5 intangibie Assets
Lease Premium
The club signed a 199 year iease in December 2020 with Acomb Sports Club, to purchase land on which to build its new clubhouse. A lease premium of £25,000 has been paid. It is being amortised over a 50 year period. A full year’s amoritsation has been charged in these
6 Furniture and Equipment
Furniture and equipment totalling £10,713 is fully written off. Furniture costing a total of £5,962 was purchased for the new clubhouse, and is being depreciated over 10 years, commencing 1 April 2022, in accordance with the established accounting policy.
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,
- 7 Loans from members Loans totalling £113,000 were taken out in order to help finance the new clubhouse. Interest is paid quarterly in arrears at 2% above the prevailing Bank of England base rate.
,|
| Balance at 1April 2023 | £ | £ |
|---|---|---|
| Longterm loans | 89,500 | |
| Add: 3further longterm loans madeduringthe year | 20,060 | 109,500 |
| Less: Repayments duringthe year | ||
| Longterm loans | (56,737) | |
| Balanceat31March2024 | 52,763 |
The additional long-term loans taken out in the year are interest-free. The loans repaid in the year were interest bearing, and therefore the total loans at the end of the year are all interestfree.
Loans outstanding include 3 from Trustees totalling £20,175 and 4 from other members. The reserve at 31 March 2024 is a figure of £6,595 which shows in these accounts. The amount of the reserve will be updated each year in light of any further loan repayments.
8 Company Limited by Guarantee
The company is limited by Guarantee, having no share capital. Each member is liable to contribute a sum not exceeding £1 in the event of the company being wound up while there are members or within one year thereafter.
The company has adopted a Reserves Policy which ensures that it maintains sufficient cash 9 balances to meet up to 9 months running costs.
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