REGISTERED CHARITY NUMBER: 1153543
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
FOR
ENGLISH BRIDGE EDUCATION AND DEVELOPMENT
Beacons Chartered Accountants
30 High Street Wendover Buckinghamshire HP22 6EA
ENGLISH BRIDGE EDUCATION AND DEVELOPMENT
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 14 |
| Detailed Statement of Financial Activities | 15 | to | 16 |
ENGLISH BRIDGE EDUCATION AND DEVELOPMENT
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The main objectives of the charity are :
1) the advancement of amateur sport by promoting the game of duplicate bridge for the public benefit.
- 2) the advancement of the education of young persons in full time education in the playing of duplicate bridge.
In support of Object (1) the charity has :
-
sought to promote and develop bridge as a social and community activity with particular health benefits in maintaining effective brain function and providing opportunities to foster friendships and community spirit. - trained bridge teachers.
-
provided a set of teaching resources to support bridge teachers in the delivery of bridge lessons.
-
produced and sold books and educational materials for bridge players.
-
trained tournament directors to manage bridge sessions at clubs.
In support of Object (2) the charity has :
-
publicised the educational merits of duplicate bridge as an activity for the development of young people.
-
promoted the encouragement of young bridge players within the English Bridge Union Limited, County Associations and Bridge Clubs.
-
organised an online competition for schools.
-
held a residential activity weekend for young bridge players to receive formal bridge tuition.
Grantmaking
The Trustees have an approved policy for grant making which is publicised on the Charity's website.
ACHIEVEMENTS AND PERFORMANCE
The main achievements of the Charity during the year were :
-
Beating budget on Trading activities.
-
Making significant progress on projects, including:
-
improving the day-to-day operations of the Charity in improve service quality and improve governance;
-
increased the face to face delivery of training for bridge teachers and tournament directors;
-
launching a new online portal to provide bridge teachers with access to materials and lesson resources;
-
selling higher than expected training courses and books;
-
maintaining competitions for young people in full time education, the Grand Prix and inter Schools League;
-
launching a new monthly youth bridge platform, "the generation game";
-
continuing work on developing the national youth strategy.
-
During the year the Charity made the following grants:
| University of Sterling | £250 |
|---|---|
| Durham University | £300 |
| Bristol University | £ 86 |
- During the year then Charity donated the proceeds of the Autumn Sim Pairs which amounted to £10,378, to Cancer Research.
Page 1
ENGLISH BRIDGE EDUCATION AND DEVELOPMENT
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
FINANCIAL REVIEW
Principal funding sources
The Charity raised funds from :
-
Surplus on primary purpose trading.
-
Fundraising - two national events (Autumn and Spring Simultaneous Pairs).
-
Donations and legacies
-
Income from investments
All expenditure has been spent on furthering the main objectives of the Charity. In making decisions about expenditure, the Trustees have had regard to the Charity Commission's guidance on Public Benefit.
All funds not invested are held either at banks or immediately available money market accounts.
Reserves policy and subsequent events
The reserves as at March 2025 stood at £872,657. The charity received a further £100,000 during the year from the same generous legacy.
EBED faces some financial pressure in the future from the loss of its annual donation from the English Bridge Union Limited, and the trend towards digitalisation reducing future book sales and income from training teachers. The Trustees are actively looking for other sources of income to replace this. These include greater encouragement of donations and legacies and using the income from investments.
EBED has therefore adopted the following reserves policy:
-
Keep nine months' (minimised) expenditure as working capital
-
Keep a contingency buffer of three months' (minimised) expenditure
-
Set aside a fixed sum, currently £150,000, for projects in the process of identification over the next three years
-
Invest the balance to generate income to help maintain essential services.
Funds in deficit
There are no funds in deficit at the Balance Sheet date.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a constitution, and constitutes as a charitable incorporated organisation (CIO).
Recruitment and appointment of new trustees
Three of the Trustees were appointed by the English Bridge Union Limited and one selected by the Trustees of English Bridge Education and Development. It is the intention to select more Trustees.
Related parties
The charity has a close working relationship with the National Body for duplicate bridge in England - The English Bridge Union Limited. The English Bridge Union Limited makes significant charitable donations to the charity the details of which can be found in Note 20 to these financial statements.
The charity periodically pays certain trustees for teaching services as set out in Note 10 to these financial statements. The rates paid are in accordance with standard rates paid to third parties.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1153543
Page 2
ENGLISH BRIDGE EDUCATION AND DEVELOPMENT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
Principal address
Broadfields Bicester Road Aylesbury Buckinghamshire HP19 8AZ
Trustees
I Sidgwick P Gibbons (resigned 23.5.24) A Smith (resigned 27.5.25) T Cherrett (appointed 7.5.24) W Bourne (appointed 23.5.24)
Independent Examiner
Anthony Parks ACA Beacons Chartered Accountants 30 High Street Wendover Buckinghamshire HP22 6EA
Approved by order of the board of trustees on 25 November 2025 and signed on its behalf by:
W Bourne - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ENGLISH BRIDGE EDUCATION AND DEVELOPMENT
Independent examiner's report to the trustees of English Bridge Education and Development
I report to the charity trustees on my examination of the accounts of English Bridge Education and Development (the Trust) for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do 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.
I have no concerns and have come across no other 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.
Anthony Parks ACA The Institute of Chartered Accountants in England and Wales
Beacons Chartered Accountants 30 High Street Wendover Buckinghamshire HP22 6EA
25 November 2025
Page 4
ENGLISH BRIDGE EDUCATION AND DEVELOPMENT
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 128,725 Charitable activities 5 Junior Events 15,905 Teacher training and EBTA 35,330 Provision of training materials 79,838 T D Training 41,548 Other trading activities 3 28,672 Investment income 4 29,452 Other income - Total 359,470 EXPENDITURE ON Raising funds 6 4,063 Charitable activities 7 Junior Events 27,129 Teacher training and EBTA 46,212 Provision of training materials 26,383 T D Training 32,347 Youth 69,597 Minibridge - General charitable expenditure 57,362 Donations 10,378 Bridge For Youth - E-Learning 6,230 Youth Bridge Grand Prix 148 Total 279,849 Net gains on investments 10,579 NET INCOME/(EXPENDITURE) 90,200 RECONCILIATION OF FUNDS Total funds brought forward 771,611 TOTAL FUNDS CARRIED FORWARD 861,811 |
Restricted funds £ - - - - - - - - - - 1,717 - - - 899 1,388 - - - - - 4,004 - (4,004) 14,850 10,846 |
31.3.25 Total funds £ 128,725 15,905 35,330 79,838 41,548 28,672 29,452 - 359,470 4,063 28,846 46,212 26,383 32,347 70,496 1,388 57,362 10,378 - 6,230 148 283,853 10,579 86,196 786,461 872,657 |
31.3.24 Total funds £ 563,420 11,440 42,645 82,006 39,213 19,680 5,728 125 |
|---|---|---|---|
| 764,257 | |||
| 2,943 15,544 53,323 31,001 35,916 22,744 2,293 41,911 - 1,185 9,819 246 |
|||
| 216,925 | |||
| - | |||
| 547,332 239,129 |
|||
| 786,461 |
The notes form part of these financial statements
Page 5
ENGLISH BRIDGE EDUCATION AND DEVELOPMENT
BALANCE SHEET
31 MARCH 2025
| Notes FIXED ASSETS Tangible assets 13 Investments 14 CURRENT ASSETS Stocks 15 Debtors 16 Cash at bank and in hand CREDITORS Amounts falling due within one year 17 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 18 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted fund £ 636 682,658 683,294 17,413 15,463 167,814 200,690 (22,173) 178,517 861,811 861,811 |
Restricted funds £ - - - - - 10,846 10,846 - 10,846 10,846 10,846 |
31.3.25 Total funds £ 636 682,658 683,294 17,413 15,463 178,660 211,536 (22,173) 189,363 872,657 872,657 861,811 10,846 872,657 |
31.3.24 Total funds £ - 550,000 550,000 20,904 7,557 228,228 256,689 (20,228) 236,461 786,461 786,461 771,611 14,850 786,461 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 25 November 2025 and were signed on its behalf by:
I Sidgwick - Trustee
W Bourne - Trustee
The notes form part of these financial statements
Page 6
ENGLISH BRIDGE EDUCATION AND DEVELOPMENT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Allocation and apportionment of costs
Direct costs
All direct costs are allocated to the activity or project to which they relate.
Staff costs
Staff costs identified as relating to an activity or project, they are allocated accordingly.
General support costs
Support costs are allocated to activities or projects on the basis of their usage of office, storage space and equipment.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 7
ENGLISH BRIDGE EDUCATION AND DEVELOPMENT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES - continued
Pension costs
The charity contributes, as employer, to staff pension schemes in accordance with the auto enrolment legislation.
2. DONATIONS AND LEGACIES
| Donations Legacies 3. OTHER TRADING ACTIVITIES Fundraising events E-Learning income 4. INVESTMENT INCOME Interest and dividends |
31.3.25 £ 18,725 110,000 128,725 31.3.25 £ 15,222 13,450 28,672 31.3.25 £ 29,452 |
31.3.24 £ 38,420 525,000 |
|---|---|---|
| 563,420 | ||
| 31.3.24 £ 9,337 10,343 19,680 31.3.24 £ 5,728 |
5. INCOME FROM CHARITABLE ACTIVITIES
Income arising from charitable activities is analysed in the Statement of Financial Activities.
6. RAISING FUNDS
Other trading activities
| Other trading activities | ||
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| Sim Pairs costs | 3,051 | 2,943 |
| Investment management costs | ||
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| Portfolio management | 1,012 | - |
| Aggregate amounts | 4,063 | 2,943 |
continued...
Page 8
ENGLISH BRIDGE EDUCATION AND DEVELOPMENT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
7. CHARITABLE ACTIVITIES COSTS
| Direct Costs |
Staff Costs | Allocated Costs |
Governance Costs |
Total | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Junior Events | 28,846 | 0 | 0 | 0 | 28,846 |
| Teacher training and EBTA | 6,089 | 35,023 | 5,100 | 0 | 46,212 |
| Provision of training materials | 10,846 | 13,637 | 1,900 | 0 | 26,383 |
| TD Training | 14,277 | 15,670 | 2,400 | 0 | 32,347 |
| Youth | 41,272 | 25,124 | 4,100 | 0 | 70,496 |
| Minibridge | 1,388 | 0 | 0 | 0 | 1,388 |
| General charitable activities | 8,831 | 33,070 | 4,200 | 11,261 | 57,362 |
| Donations | 10,378 | 0 | 0 | 0 | 10,378 |
| E-Learning | 2,408 | 3,322 | 500 | 0 | 6,230 |
| Youth Bridge Grand Prix | 148 | 0 | 0 | 0 | 148 |
| 124,483 | 125,846 | 18,200 | 11,261 | 279,790 | |
8. GRANTS PAYABLE
| GRANTS PAYABLE | ||
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| Youth | 636 | - |
| Minibridge | - | 2,000 |
| General charitable expenditure | - | 3,414 |
| 636 | 5,414 | |
| The total grants paid to institutions during the year was as follows: | ||
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| Youth Grants | 636 | 2,864 |
| General grants | - | 550 |
| Minibridge grants | - | 2,000 |
| 636 | 5,414 |
9. SUPPORT COSTS
| SUPPORT COSTS | ||
|---|---|---|
| General charitable expenditure E-Learning |
Governance Finance costs £ £ 43 11,261 102 - 145 11,261 |
Totals £ 11,304 102 |
| 11,406 |
continued...
Page 9
ENGLISH BRIDGE EDUCATION AND DEVELOPMENT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
9. SUPPORT COSTS - continued
Support costs, included in the above, are as follows:
| Support costs, included in the above, are as | follows: | |||
|---|---|---|---|---|
| 31.3.25 | 31.3.24 | |||
| General | ||||
| charitable | Total | Total | ||
| expenditure | E-Learning | activities | activities | |
| £ | £ | £ | £ | |
| Stripe/CAF charges | 43 | 102 | 145 | 49 |
| Accountancy and professional fees | 11,261 | - | 11,261 | 6,260 |
| 11,304 | 102 | 11,406 | 6,309 |
10. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
The trustees were reimbursed expenses for the year ended 31 March 2025 amounting to £841 in total (2024: £39).
11. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Administrative staff No employees received emoluments in excess of £60,000. 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 562,475 Charitable activities Junior Events 11,440 Teacher training and EBTA 42,645 Provision of training materials 82,006 T D Training 39,213 Other trading activities 19,680 Investment income 5,728 Other income 125 Total 763,312 EXPENDITURE ON Raising funds 2,943 Charitable activities Junior Events 14,582 |
31.3.25 4 Restricted funds £ 945 - - - - - - - 945 - 962 |
31.3.24 4 Total funds £ 563,420 11,440 42,645 82,006 39,213 19,680 5,728 125 |
|---|---|---|
| 764,257 | ||
| 2,943 15,544 |
continued...
Page 10
ENGLISH BRIDGE EDUCATION AND DEVELOPMENT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Unrestricted fund £ Teacher training and EBTA 53,323 Provision of training materials 31,001 T D Training 35,916 Youth 21,140 Minibridge - General charitable expenditure 41,497 Bridge For Youth 806 E-Learning 9,819 Youth Bridge Grand Prix 246 Total 211,273 NET INCOME/(EXPENDITURE) 552,039 RECONCILIATION OF FUNDS Total funds brought forward 219,572 TOTAL FUNDS CARRIED FORWARD 771,611 13. TANGIBLE FIXED ASSETS COST Additions DEPRECIATION Charge for year NET BOOK VALUE At 31 March 2025 At 31 March 2024 14. FIXED ASSET INVESTMENTS MARKET VALUE At 1 April 2024 Additions At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 |
Restricted Total funds funds £ £ - 53,323 - 31,001 - 35,916 1,604 22,744 2,293 2,293 414 41,911 379 1,185 - 9,819 - 246 5,652 216,925 (4,707) 547,332 19,557 239,129 14,850 786,461 Computer equipment £ 795 159 636 - Listed investments £ 550,000 132,658 682,658 682,658 550,000 |
Total funds £ 53,323 31,001 35,916 22,744 2,293 41,911 1,185 9,819 246 |
|---|---|---|
| 216,925 | ||
| 547,332 239,129 |
||
| 786,461 |
continued...
Page 11
ENGLISH BRIDGE EDUCATION AND DEVELOPMENT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
14. FIXED ASSET INVESTMENTS - continued
Global funds within investments were valued at £134,801 at 31 March 2925.
| 15. STOCKS Stocks 16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Prepayments and accrued income 17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other creditors 18. MOVEMENT IN FUNDS At 1.4.24 £ Unrestricted funds General fund 771,611 Restricted funds Minibridge 5,095 Youth 6,626 Youth Hardship 586 Youth Schools Bridge 2,543 14,850 TOTAL FUNDS 786,461 |
31.3.25 £ 17,413 31.3.25 £ - 15,463 15,463 31.3.25 £ 3,232 18,941 22,173 Net movement in funds £ 90,200 (1,387) (1,744) (586) (287) (4,004) 86,196 |
31.3.24 £ 20,904 31.3.24 £ 3,492 4,065 7,557 31.3.24 £ 947 19,281 20,228 At 31.3.25 £ 861,811 3,708 4,882 - 2,256 |
|---|---|---|
| 10,846 | ||
| 872,657 |
continued...
Page 12
ENGLISH BRIDGE EDUCATION AND DEVELOPMENT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
18. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Minibridge Youth Youth Hardship Youth Schools Bridge TOTAL FUNDS |
Incoming resources £ 359,470 - - - - - 359,470 |
Resources expended £ (279,849) (1,387) (1,744) (586) (287) (4,004) (283,853) |
Gains and Movement losses in funds £ £ 10,579 90,200 - (1,387) - (1,744) - (586) - (287) - (4,004) 10,579 86,196 |
Gains and Movement losses in funds £ £ 10,579 90,200 - (1,387) - (1,744) - (586) - (287) - (4,004) 10,579 86,196 |
|---|---|---|---|---|
| (4,004) | ||||
| 86,196 |
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds Minibridge Youth Bridge For Youth Youth Hardship Youth Schools Bridge TOTAL FUNDS |
At 1.4.23 £ 219,572 7,389 7,283 379 1,000 3,506 19,557 239,129 |
Net movement in funds £ 552,039 (2,294) (657) (379) (414) (963) (4,707) 547,332 |
At 31.3.24 £ 771,611 5,095 6,626 - 586 2,543 |
|---|---|---|---|
| 14,850 | |||
| 786,461 |
continued...
Page 13
ENGLISH BRIDGE EDUCATION AND DEVELOPMENT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
18. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Minibridge Youth Bridge For Youth Youth Hardship Youth Schools Bridge TOTAL FUNDS |
Incoming resources £ 763,312 (1) 947 - - (1) 945 764,257 |
Resources Movement expended in funds £ £ (211,273) 552,039 (2,293) (2,294) (1,604) (657) (379) (379) (414) (414) (962) (963) (5,652) (4,707) (216,925) 547,332 |
|---|---|---|
The Minibridge funds are to be used for the teaching of Minibridge in schools in England.
The Youth funds are to be used for the education of young persons in full time education in the playing of duplicate bridge.
The Youth Hardship fund provides support to young people accessing bridge.
The Youth Schools Bridge fund is to be used to support bridge in Schools.
19. RELATED PARTY DISCLOSURES
The charity received £5,202 (2024: £5,895) from The English Bridge Union Limited to cover the cost of discounts provided by the charity to its members. In addition the Charity received free advertising space in that company's publication 'English Bridge' with an estimated market value of £8,779 (2024: £7,420). The charity also benefitted from financial support to assist with staff costs in the amount of £5,961 (2024: £5,507).
No Trustees received fees for services during the year (2024: Nil).
Page 14
ENGLISH BRIDGE EDUCATION AND DEVELOPMENT
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 |
||
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 18,725 | 38,420 |
| Legacies | 110,000 | 525,000 |
| 128,725 | 563,420 | |
| Other trading activities | ||
| Fundraising events | 15,222 | 9,337 |
| E-Learning income | 13,450 | 10,343 |
| 28,672 | 19,680 | |
| Investment income | ||
| Interest and dividends | 29,452 | 5,728 |
| Charitable activities | ||
| Training | 35,330 | 42,645 |
| Primary purpose trading | 79,838 | 82,006 |
| T D Training | 41,548 | 39,213 |
| Junior Events | 15,905 | 11,440 |
| 172,621 | 175,304 | |
| Other income | ||
| Other Income | - | 125 |
| Total incoming resources | 359,470 | 764,257 |
| EXPENDITURE | ||
| Other trading activities | ||
| Sim Pairs costs | 3,051 | 2,943 |
| Investment management costs | ||
| Portfolio management | 1,012 | - |
| Charitable activities | ||
| Wages | 122,312 | 91,072 |
| Pensions | 3,533 | 2,320 |
| Insurance | 1,167 | - |
| Postage and stationery | 739 | 691 |
| Sundries | 2,390 | 814 |
| Meetings | 3,298 | 506 |
| Course costs | 34,204 | 23,943 |
| Office costs | 18,142 | 13,289 |
| Software development | 2,145 | - |
| Training costs | 14,994 | 14,180 |
| Carried forward | 202,924 | 146,815 |
This page does not form part of the statutory financial statements
Page 15
ENGLISH BRIDGE EDUCATION AND DEVELOPMENT
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 |
||
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| Charitable activities | ||
| Brought forward | 202,924 | 146,815 |
| Donations paid | 10,378 | 60 |
| General cost of sales | 10,902 | 12,833 |
| Consultancy fees | 41,168 | 14,781 |
| Domain names | 1,016 | 711 |
| Subscriptions | - | 83 |
| Bank charges | - | 25 |
| Portfolio management fees | - | 90 |
| Schools promotions | 1,068 | 585 |
| EBTA costs | - | 26,276 |
| Promotional materials | 292 | - |
| Grants to institutions | 636 | 5,414 |
| 268,384 | 207,673 | |
| Support costs | ||
| Finance | ||
| Stripe/CAF charges | 145 | 49 |
| Governance costs | ||
| Accountancy and professional fees | 11,261 | 6,260 |
| Total resources expended | 283,853 | 216,925 |
| Net income | 75,617 | 547,332 |
This page does not form part of the statutory financial statements
Page 16