OXFORD BRIDGE CLUB
Oxford Bridge Club CIO Registered Charity 1155820
Trustees Annual Report and Accounts for the year ended 31 March 2021
Contents
Trustees’ Annual Report for the year ended on 31st March 2021 ............................... 3 Objectives ............................................................................................ 3 Committee reports ..................................................................................... 4 Bridge committee ................................................................................... 4 Conduct committee ................................................................................. 4 Education committee ............................................................................... 4 Laws and Ethics Committee ........................................................................ 5 Membership and communications committee ................................................... 5 Premises committee ................................................................................ 5 Social committee .................................................................................... 5 Financial review ..................................................................................... 6 Reference and administrative details ............................................................... 6 Declaration .............................................................................................. 6 Independent Examiner’s Report to the Trustees of Oxford Bridge Club CIO .................. 8 Statement of Financial Activities .................................................................... 9 Balance Sheet ....................................................................................... 10 Cash Flow Statement ............................................................................... 11 Statement of accounting policies ................................................................... 12 Notes to the financial statements .................................................................. 14
Annual Report to the Charity Commission – 01.04.2020 – 31.03.2021
2
Trustees’ Annual Report for the year ended on 31st March 2021
The trustees are pleased to present the seventh annual report of Oxford Bridge Club CIO (referenced later as OBC or “the club”) which was registered as charity number 11558820 on 17[th ] February 2014. The registered office is at 147 Banbury Road, Oxford OX2 7AN.
The club is affiliated to the English Bridge Union (EBU) and participates in the Oxfordshire Bridge Association (OBA). All activities at the club take place under the jurisdiction of the national body.
Objectives
The club maintains premises for playing and teaching bridge. Membership is open and visitors are welcome.
The objectives of the CIO are:
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The advancement of amateur sport by promoting the game of bridge for the benefit of the residents of Oxford and the surrounding areas.
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The provision of facilities for the learning, teaching and playing of bridge for the benefit of the residents of Oxford and the surrounding areas with the object of improving conditions of life.
Although the Covid pandemic with consequent lockdowns and social restrictions posed an immense challenge, the club continues to thrive. Face-to-face activities ceased, but instead the club introduced opportunities to learn and play bridge online, and this proved attractive (see reports of bridge and education committees). EBU data confirms that OBC is still the largest club, and one of the most active, in Oxfordshire.
At present the premises are only being used for weekly junior bridge. All members will be offered face-to-face bridge when the trustees consider that it is safe to do so, with risks of viral transmission within the premises minimised. It seems likely that some form of online provision will be retained. The club has updated its safeguarding policy to recognise the potential risks of online bridge for children, young people and vulnerable adults.
An extraordinary general meeting in September 2020 agreed a restructuring of the board of trustees, with numbers reduced to increase efficiency. A number of trustees, who had completed their time of office, stood down. The annual general meeting in November confirmed the appointments of a new secretary and treasurer (who had been co-opted the previous year) but did not appoint a new chairman. An acting chairman was appointed in December 2020 (position to be confirmed at the AGM in July 2021). The trustees have continued to meet regularly, albeit by video conference, over the last 12 months.
The club has reviewed its governance and agreed more specific terms of reference for its committees. Reports from the committees follow.
Annual Report to the Charity Commission – 01.04.2020 – 31.03.2021
3
Committee reports
Bridge committee
There was no bridge initially, until a group of recent graduates from Bridge for All took the initiative and started organising online sessions on Bridge Base Online (BBO) with simultaneous video conferencing. In May, OBC became a virtual club on BBO, and we were able to progressively increase the number of online sessions from then on; by the end of October, we were running seven sessions a week.
Overall numbers attending club sessions were lower than the previous year (11,633 versus 16,795 player sessions), but numbers grew steadily as our provision increased. By January 2021 they were back to the same levels as January 2020.
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Player sessions 2020-2021
2000
1500
1000
500
0
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RealBridge, offering built-in video and audio, became available towards the end of 2020. By March we were running four regular sessions a week on BBO and three on RealBridge
In addition to our regular weekly sessions, we also ran five series of a new online teams league, plus an online knockout competition replacing our usual knockout rubber bridge competition (the Meltzer).
The club fielded seven teams in the main Wessex League competition, with the A team winning Division 1, and six teams in the Daytime Wessex League. Three teams represented the club in the NICKO; additionally, we played a friendly teams match against Horsham Bridge Club.
The committee met five times during the year, and various subgroups organising online bridge met 22 times, all via video conference.
Conduct committee
Two complaints were received between April 2020 and March 31[st] 2021 both involving alleged rudeness. In the first no action was required and in the second the person named in the complaint chose to leave the club.
Education committee
Education is a core activity of OBC. Despite the Covid pandemic and closure of the premises, most of the normal lessons and seminars continued throughout virtually the whole year.
Annual Report to the Charity Commission – 01.04.2020 – 31.03.2021
4
Bridge for All lessons for beginners and improvers (Year 1 and Year 2) moved online shortly after the start of the pandemic. There are currently two Year 1 and three Year 2 classes with 78 students in total. Classes run every week over three terms, so 30 lessons for each class over one year. We have three Bridge for All teachers, all EBU trained. Students are encouraged to become members of the club, and to move into playing at the regular club sessions. A number of students take up management and operational roles within the club.
The club’s Saturday seminar programme moved online and has been very successful, with most seminars being fully booked.
Laws and Ethics Committee
The Law & Ethics Committee (LEC) did not meet formally during the year.
The main challenge for LEC during this year was to ensure that trained directors were available to allow the club to run a programme of on-line bridge. Initially, this involved identifying people willing to direct on Bridge Base Online (BBO) and subsequently on RealBridge. This allowed the club to start regular weekly on-line duplicates on BBO in early May 2020 with Realbridge sessions added in late November 2020.
Four psychic bids were reported during the year: all were classified as green. This is a similar rate compared with previous years. No disciplinary penalties were imposed during the year.
Membership and communications committee
The current membership stands at 489 – a decline of 46 since last year, no doubt largely due to the pandemic. During the year 2020-2021, we welcomed 22 new members plus another 28 Bridge For All students who took up free membership for one year.
Membership numbers -
| Year | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2016 |
|---|---|---|---|---|---|---|---|
| Number of Members | 489 | 535 | 477 | 380 | 321 | 333 | n/a |
| New Members | 22 | 42 | 43 | 43 | 22 | 23 | 47 |
| BfA Members | 28 | 42 | 45 | 40 |
There have been minor adjustments to the website, and the history of the club on the website has been updated.
Premises committee
The premises have been closed all year except for junior bridge when restrictions relaxed. The premises have been inspected regularly and the cleaners go in for two hours every fortnight. The fire alarm system and the gas boiler had an annual service and the electrical devices had routine PAT testing.
The club did not have to pay business rates and had a discount on the water rates. There were large savings on cleaning and heating while the premises were closed.
Social committee
Social events were suspended during the pandemic, so the committee has not met. It will be reinstated once a return to the club seems imminent.
Annual Report to the Charity Commission – 01.04.2020 – 31.03.2021
5
Financial review
Financially the club did rather better than expected when we went into a year’s closure. We aimed for at least breakeven, but there was a surplus of £5,792 on the unrestricted funds. (The restricted fund is simply the final year’s depreciation of the audio-visual equipment, paid for from donations). Cash reserves reduced by only £4,000, despite making the final £15,000 retention payment on the refurbishment works. A £10,000 small business grant received in the early months of lockdown was a great help. After that, online bridge and education both eventually returned to normal levels of activity, although the income from online bridge is lower than when playing face to face.
Trustees have agreed an interim budget for the year ending March 2022, assuming that the club may be closed all year, to be reviewed if we re-open. That budget would meet all financial requirements if achieved. There is still over £60,000 of uncommitted cash.
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue operating for the foreseeable future. The trustees continue to monitor the impact that Covid is having on operations and are taking actions to minimise their effect on the long-term reserves of the charity. We consider that the charity has sufficient reserves to continue operating for at least 12 months from the date of signing this report, so have used this as the basis for preparing the accounts.
Reference and administrative details
The officers and trustees at March 2021 were as follows:
Sue Burge Chairman Ursula Bowler Secretary Steven Bliss Treasurer Martin Illingworth[~] Chief Tournament Director Liza Furnival Tournament Secretary Julie Anderson Premises Officer Mary Bennett Conduct Officer Susan Fletcher* Education Secretary Matthew Wilkinson[~] Membership Secretary Steph Bliss[+] Directly Elected Trustee Sandra Devaney[+] Directly Elected Trustee Richard Sills[+] Directly Elected Trustee
*Ex-officio trustee +Directly Elected Trustee ~Club Officer
Declaration
The Trustees declare that they approve the report and accounts for the period ending 31[st] March 2021 on 8[th] June 2021.
Annual Report to the Charity Commission – 01.04.2020 – 31.03.2021
6
Signed
Name: Susan Burge, Chairman on behalf of the Trustees
Annual Report to the Charity Commission – 01.04.2020 – 31.03.2021
7
Independent Examiner’s Report to the Trustees of Oxford Bridge Club CIO
I report on the financial statements of the charity for the year ending 31[st] March 2021, which are set out on pages 9 to 19.
Respective Responsibilities of Trustees and Independent Examiner
The charity’s trustees are responsible for the preparation of the financial statements. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the 2011 Act), and that an independent examination is needed.
It is my responsibility to:
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Examine the financial statements under section 145 of the 2011 Act;
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Follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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State whether particular matters have come to my attention.
Basis of Independent Examiner’s Report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also included consideration of any unusual items of disclosures in the financial statements, and seeking explanation from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is expressed as to whether financial statements present a ‘true and fair view’ and the report is limited to those matters set out below.
Independent Examiner’s Statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination:
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(1) which give me reasonable cause to believe that in any material respect the requirements
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To keep accounting records in accordance with section 130 of the 2011 Act; and
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To prepare financial statements which accord with the accounting records and comply with the applicable requirements of the 011 Act have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Peter J. Stevenson Chartered Accountant
8 Harbord Road Oxford OX2 8LJ
Date 8[th] June 2021
Annual Report to the Charity Commission – 01.04.2020 – 31.03.2021
8
Statement of Financial Activities
For the year ended 31[st] March, 2021
| ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | |
|---|---|---|---|---|---|---|---|
| Unrestricted Funds | Restricted | Total | Total | ||||
| General | Education |
Total | Fund | 2021 | 2020 | ||
| Designated | |||||||
| Notes | £ | £ | £ | £ | £ | £ | |
| Income & endowments from: | |||||||
| Donations & legacies | 1 | 10,975 | 87 | 11,062 | - | 11,062 | 11,999 |
| Charitable acitivities | 2 | 30,664 | 26,820 | 57,484 | - | 57,484 | 100,114 |
| Other trading activities | 3 | 56 | - | 56 | - | 56 | 626 |
| Income from investments | 4 | 120 | 93 | 213 | - | 213 | 217 |
| --------------- | -------------- | --------------- | ---------------- | ---------------- | ---------------- | ||
| Total income & endowments | 41,815 | 27,000 | 68,815 | - | 68,815 | 112,956 | |
| --------------- | -------------- | --------------- | ---------------- | ---------------- | --------------- | ||
| Total income & endowments 2020 | 66,821 | 46,135 | 112,956 | - | 112,956 | ||
| --------------- | -------------- | --------------- | ---------------- | ---------------- | |||
| Expenditure on: | |||||||
| Trading activities | 5 | - | - | - | - | - | 318 |
| Charitable activities | 6 | 10,339 | 19,846 | 30,185 | - | 30,185 | 42,897 |
| Support costs for charitable activities | 7 | 17,574 | 13,244 | 30,818 | 13,236 | 44,054 | 68,988 |
| Governance | 8 | 1,515 | 505 | 2,020 | - | 2,020 | 1,004 |
| --------------- | -------------- | --------------- | ---------------- | ---------------- | ---------------- | ||
| Total expenditure | 29,428 | 33,595 | 63,023 | 13,236 | 76,259 | 113,207 | |
| --------------- | -------------- | --------------- | ---------------- | ---------------- | ---------------- | ||
| Total expenditure 2020 | 47,575 | 52,396 | 99,971 | 13,236 | 113,207 | ||
| --------------- | -------------- | --------------- | ---------------- | ---------------- | |||
| Net income | 12,387 | (6,595) | 5,792 | (13,236) | (7,444) | (251) |
|
| Gains/(losses) on revaluation | |||||||
| of fixed assets | - | - | - | - | - | - | |
| ---------------- | --------------- | ---------------- | ---------------- | ---------------- | ---------------- | ||
| Net movement in funds | 12,387 | (6,595) | 5,792 | (13,236) | (7,444) | (251) |
|
| Reconciliation of funds: | |||||||
| Total funds brought forward | 745,878 | 13,157 | 759,035 | 13,236 | 772,271 | 772,522 | |
| ---------------- | --------------- | ---------------- | ---------------- | ---------------- | ---------------- | ||
| Total funds carried forward | 758,265 | 6,562 | 764,827 | - | 764,827 | 772,271 | |
| ---------------- | --------------- | ---------------- | ---------------- | ---------------- | ---------------- |
The accompanying accounting policies and notes form an integral part of these Financial Statements
Annual Report to the Charity Commission – 01.04.2020 – 31.03.2021
9
Balance Sheet
At 31[st] March, 2021
| --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| Funds | Fund | 2021 | 2020 | ||
| Notes | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible assets | 12 | 1,107,274 | - | 1,107,274 | 1,123,887 |
| -------------------- | -------------- | -------------------- | ------------------- | ||
| Current assets | |||||
| Stock | 13 | - | - | - | 57 |
| Debtors | 14 | 1,082 | - | 1,082 | 638 |
| Cash at bank and in hand | 67,531 | - | 67,531 | 71,382 | |
| -------------- | -------------- | -------------- | -------------- | ||
| Total current assets | 68,613 | - | 68,613 | 72,077 | |
| Liabilities | |||||
| Creditors falling due within one year | 15 | 33,393 | - | 33,393 | 34,761 |
| -------------- | -------------- | -------------- | --------------- | ||
| Net current assets | 35,220 | - | 35,220 | 37,316 | |
| Long term mortgage | 16 | 377,667 | - | 377,667 | 388,932 |
| ---------------- | -------------- | ----------------- | ---------------- | ||
| Total assets less liabilities | 764,827 | 764,827 | 772,271 | ||
| ---------------- | -------------- | ----------------- | ----------------- | ||
| The funds of the charity | |||||
| Unrestricted funds | 17 | 661,457 | 661,457 | 655,665 | |
| Property revaluation reserve | 17 | 103,370 | - | 103,370 | 103,370 |
| Restricted fund | 17 | - | - | - | 13,236 |
| ---------------- | -------------- | ---------------- | ----------------- | ||
| Total funds of the charity | 764,827 | 764,827 | 772,271 | ||
| ---------------- | -------------- | ---------------- | ----------------- |
The financial statements set out on pages 9 to 19 were approved by the Trustees on 8[th] June 2021 and were signed on its behalf by:
Name: Susan Burge, Chairman on behalf of the Trustees
Annual Report to the Charity Commission – 01.04.2020 – 31.03.2021
10
Cash Flow Statement
For the year ended 31[st] March, 2021
| --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Net cash (expended)/raised from operating activities | (4,064) | 3,654 | |
| ------------------- | ---------------- | ||
| Cash flows from financing activities: | |||
| Income from investments | 213 | 217 | |
| Mortgage funds | - | - | |
| Purchase of tangible assets | - | (9,257) | |
| ----------------- | ---------------- | ||
| Net cash used in investing activities | 213 | (9,040) | |
| ----------------- | ---------------- | ||
| Change in cash and cash equivalents in the year | (3,851) | (5,386) | |
| Cash and cash equivalents at the beginning of the year | 71,382 | 76,768 | |
| ----------------- | ---------------- | ||
| Cash and cash equivalents at the end of the year | 67,531 | 71,382 | |
| ----------------- | ---------------- | ||
| Notes to the consolidated cash flow statement | |||
| 2021 | 2020 | ||
| £ | £ | ||
| Reconciliation of net movement in funds to net cash flow | |||
| from operating activities | |||
| Net movement in funds | (7,444) | (251) | |
| Add: Depreciation charge | 16,613 | 20,883 | |
| Deduct: Income from investing activities | (213) | (217) | |
| Deduct: Gains/(losses) on revaluation of fixed assets | - | - | |
| (Increase)/decrease in debtors | (444) | 1,936 | |
| Decrease/(increase) in stocks | 57 | 313 | |
| (Decrease)/increase in creditors | (1,368) | (8,484) | |
| (Decrease) in long term mortgage | (11,265) | (10,526) | |
| ---------------- | ---------------- | ||
| Net cash raised from operating activities | (4,064) | 3,654 | |
| ---------------- | ---------------- | ||
| Cash and cash equivalents and net debt comprise the following balances: | |||
| At 01.04.20 | Cashflows | At 31.03.21 | |
| £ | £ | £ | |
| Cash at bank and in hand | 71,382 | (3,851) | 67,531 |
| Mortgage from Charity Bank Ltd | (388,932) | 11,265 | (377,667) |
| ----------------- | ----------------- | ----------------- | |
| Total net debt | (317,550) | 7,414 | (310,136) |
| ----------------- | ----------------- | ----------------- |
Annual Report to the Charity Commission – 01.04.2020 – 31.03.2021
11
Statement of accounting policies
For the year ended 31[st] March, 2021
The principal accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity’s Financial Statements, and have remained unchanged from the previous accounting period, except where stated.
Basis of preparation
The Financial Statements have been prepared in accordance with the Statement of Recommended Practice ‘Accounting and Reporting by Charities’ (update bulletin 1 applying FRS 102) and the Charities Act 2011. They have been prepared on the historical cost convention, as modified to include the revaluation of freehold property.
Going concern
The trustees of the charity believe that the charity has adequate resources to continue in operational existence at for at least 12 months from the date the report and accounts are approved and continues to use the going concern basis of accounting in preparing the annual Financial Statements.
Fund accounting
Unrestricted funds are the charity’s general funds that are available for use at the trustees’ discretion in furtherance of any of the charity’s objectives.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees. The education fund holds the income and expenditure from the charity’s education and training courses.
Restricted funds are held in respect of donations given for specific assets or purposes. As part of the property refurbishment work undertaken in 2019 donations were made to the charity to purchase audio visual equipment and the money was accounted for as a restricted fund. The equipment was capitalised as a fixed asset and has been depreciated over three years with the annual charge set off against the remaining balance on the fund. The balance on the fund at 31[st] March, 2021 is nil.
Incoming resources
All income except repayments of Gift Aid is recognised once the charity has entitlement to the funds, it is probable that the income will be received and the amount of income can be measured reliably. Most income is received as cash. Gift Aid claims are recognised on a receipts basis.
Expenditure
Expenditure is recognised when a liability is incurred, when there is a legal or constructive obligation committing the charity to the expenditure and the obligation can be measured reliably.
Tangible fixed assets and depreciation
The charity owns the freehold property at 147 Banbury Road, Oxford OX2 7AN. The property is stated at a professional valuation and is not depreciated. It is revalued every three years and the last valuation was carried out on 24[th] May, 2019 after completion of major building works. Between valuations any expenditure which enhances the value of the building is added to its value.
The freehold is subject to 2 long leases, each of 109 years remaining, in respect of the residential flats on the 1[st] and 2[nd] floors of the property. The charity receives ground rent of £100 per annum in respect of each lease. The charity and the leaseholders contribute £97 per month to a communal building fund to defray expenses relating to the whole property. These contributions are paid to a bank account entirely separate from the charity’s funds and which does not form part of these financial statements.
Annual Report to the Charity Commission – 01.04.2020 – 31.03.2021
12
Other tangible fixed assets, comprising office and bridge furniture and playing equipment and audio visual equipment (see Note 12), are stated at cost less accumulated depreciation. The charity capitalises assets with a cost of £500 or more (or forming part of a collective asset) and an expected useful life of at least three years. Individual asset records are kept and each asset is written off over three years with a full year’s depreciation charge in the year of acquisition.
Stocks
Stocks are stated at the lower of cost and net estimated selling price.
Mortgage funding
The mortgage is recognised as the principal amount advanced less any repayments of principal.
Annual Report to the Charity Commission – 01.04.2020 – 31.03.2021
13
Notes to the financial statements
For the year ended 31[st] March, 2021
| Unrestricted | Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|---|
| General | Designated | 2021 | 2020 | |||
| Education | ||||||
| £ | £ | £ | £ | £ | ||
| 1 | Donations & legacies | |||||
| Members’ donations | 10,975 | 87 |
- | 11,062 | 11,999 | |
| --------------- | ---------------- | -------------- | ---------------- | ---------------- | ||
| Total 2020 | 11,799 | 200 |
- | 11,999 | ||
| --------------- | --------------- | ------------- | ---------------- |
Members’ donations include gift aid received of £2,087 (2020: £1,485). Gift aid is recognised when a claim is made to HM Revenue & Customs and the repayment is received by the charity.
| 2 | Charitable activities | |||||
|---|---|---|---|---|---|---|
| Table money | 25,087 | - | - | 25,087 | 52,283 | |
| Room hire | 66 | 54 | - | 120 | 3,255 |
|
| Education income | - | 22,266 | - | 22,266 | 44,222 | |
| Miscellaneous fees | 5,511 | 4,500 | - | 10,011 | 354 |
|
| -------------- | ---------------- | -------------- | ---------------- | ---------------- | ||
| Total | 30,664 | 26,820 | - | 57,484 | 100,114 | |
| -------------- | ---------------- | -------------- | ---------------- | --------------- | ||
| Total 2020 | 54,338 -------------- |
45,776 --------------- |
- -------------- |
100,114 ---------------- |
Miscellaneous fees includes a Small Business Support Grant of £10,000 received from Oxford City Council (2019: £Nil).
| 3 | Other trading activities | |||||
|---|---|---|---|---|---|---|
| Club bar sales | 56 | - | - | 56 | 375 | |
| Proceeds from social events | - | - | - | 251 | ||
| ------------- | ---------------- | -------------- | ---------------- | -------------- | ||
| Total | 56 | - | 56 | 626 | ||
| ------------- | ---------------- | -------------- | ---------------- | -------------- | ||
| Total 2020 | 563 | 63 | - | 626 | ||
| ------------- | ----------- | -------------- | ---------------- |
The Club bar sales of £56 is the repayment of the bar float to the charity’s bank account at the time the Club’s premises were closed in March, 2020 for the Covid-19 pandemic.
| 4 | Investments | |||||
|---|---|---|---|---|---|---|
| Ground rent from leasehold flats | 110 | 90 | - | 200 | 200 | |
| Interest received | 10 | 3 | - | 13 | 17 | |
| ------------- | --------------- | -------------- | ---------------- | -------------- | ||
| Total | 120 | 93 | - | 213 | 217 | |
| ------------- | --------------- | -------------- | ---------------- | -------------- | ||
| Total 2020 | 121 | 96 | - | 217 | ||
| ------------- | -------------- | -------------- | ---------------- |
| 5 | Expenditure on trading activities | |||||
|---|---|---|---|---|---|---|
| Cost of club bar sales | - | - | - | - | 318 | |
| -------------- | --------------- | -------------- | ---------------- | -------------- | ||
| Total 2020 | 318 | - | - | 318 | ||
| -------------- | --------------- | -------------- | ---------------- |
Annual Report to the Charity Commission – 01.04.2020 – 31.03.2021
14
Notes to the financial statements (continued)
For the year ended 31[st] March, 2021
| Unrestricted | Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|---|
| General | Designated | 2021 | 2020 | |||
| Education | ||||||
| £ | £ | £ | £ | £ | ||
| 6 | Expenditure on charitable activities | |||||
| Bridge for All courses | - | 13,971 |
- | 13,971 | 13,583 | |
| Other courses | - | - |
- | - | 1,826 | |
| Seminars | - | 1,455 |
- | 1,455 | 823 | |
| Practice sessions | - | 1,368 |
- | 1,368 | 8,907 | |
| Books | - | 57 |
- | 57 | 1,638 | |
| Courses administration | 56 | 2,995 |
- | 3,051 | 1,225 | |
| Bridge Committee | 724 | - |
- | 724 | 2,674 | |
| English Bridge Union and Pay to Play | 4,613 | - |
- | 4,613 | 6,065 | |
| Online directing costs | 4,525 | - |
- | 4,525 | - | |
| Competitions | 416 | - |
- | 416 | 2,172 | |
| Refreshments and social events | 5 | - | 5 | 3,984 | ||
| -------------- | --------------- | -------------- | ---------------- | -------------- | ||
| Total | 10,339 | 19,846 |
- | 30,185 | 42,897 | |
| -------------- | ---------------- | -------------- | ---------------- | -------------- | ||
| Total 2020 | 13,309 -------------- |
29,588 --------------- |
- -------------- |
42,897 ---------------- |
7 Support costs
| Support costs | |||||||
|---|---|---|---|---|---|---|---|
| Unrestricted Funds | Restricted Total | Total | |||||
| General | Education Property | Total |
Fund | Funds | Funds | ||
| Revaluation | 2021 | 2020 | |||||
| Designated Funds | |||||||
| £ | £ | £ | £ | £ | £ | £ | |
| Premises costs – Note 9 | 3,734 | 3,055 | - | 6,789 | - | 6,789 | 21,118 |
| Club and office costs – Note 10 | 3,248 | 1,081 | - | 4,329 | - | 4,329 | 6,583 |
| Depreciation | 1,902 | 1,475 | - | 3,377 | 13,236 | 16,613 | 20,883 |
| Finance costs | 8,690 | 7,633 | - | 16,323 | - | 16,323 | 20,404 |
| --------------- | -------------- | --------------- | ---------------- | ---------------- | ---------------- | ---------------- | |
| Total support costs for charitable activities 17,574 | 13,244 | - | 30,818 | 13,236 | 44,054 | 68,988 | |
| --------------- | -------------- | --------------- | ---------------- | ---------------- | ---------------- | ---------------- | |
| Total 2020 | 33,195 --------------- |
22,557 -------------- |
- --------------- |
55,752 ---------------- |
13,236 ---------------- |
68,988 ---------------- |
Support costs for charitable activities which are for a specific activity are accounted for as either general or education activities. Those costs which are not specific are allocated on the following basis:
| General | Education | |
|---|---|---|
| Premises costs | 55% | 45% |
| Club and office costs | 75% | 25% |
| Depreciation | By use of | the assets |
| Finance costs – Stripe | By value of income processed |
The charity employed no staff in the year (2020: Nil) and staff costs are nil (2020: £Nil).
| Unrestricted | Unrestricted | Restricted | Total |
Total | ||
|---|---|---|---|---|---|---|
| General | Designated | 2021 | 2020 | |||
| Education | ||||||
| £ | £ | £ | £ | £ | ||
| 8 | Governance | |||||
| Administration | 1,515 | 505 | - | 2,020 | 1,004 | |
| --------------- | -------------- | --------------- | ---------------- | ---------------- | ||
| Total 2020 | 753 --------------- |
251 -------------- |
- --------------- |
1,004 ---------------- |
Annual Report to the Charity Commission – 01.04.2020 – 31.03.2021
15
Notes to the financial statements (continued)
For the year ended 31[st] March, 2021
| Unrestricted | Unrestricted | Restricted | Total |
Total | ||
|---|---|---|---|---|---|---|
| General | Designated | 2021 | 2020 | |||
| Education | ||||||
| £ | £ | £ | £ | £ | ||
| 9 | Premises costs | |||||
| Business rates | - | - | - | - | 676 | |
| Cleaning | 445 | 364 | - | 809 | 10,326 | |
| Communal fund | 644 | 527 | - | 1,171 | 1,470 | |
| Maintenance | 1,784 | 1,460 | - | 3,244 | 5,468 | |
| Utilities costs | 861 | 704 | - | 1,565 | 3,029 | |
| Professional fees | - | - | - | - | 149 | |
| --------------- | -------------- | --------------- | ---------------- | ---------------- | ||
| Total premises costs | 3,734 | 3,055 | - | 6,789 | 21,118 | |
| --------------- | -------------- | --------------- | ---------------- | ---------------- | ||
| Total 2020 | 11,616 | 9,502 | - | 21,118 | ||
| --------------- | -------------- | --------------- | ---------------- | |||
| 10 | Club and office costs | |||||
| Accountancy and financial services | 1,850 | 616 | - | 2,466 | 2,652 | |
| Insurance | 865 | 288 | - | 1,153 | 840 | |
| Sundry expenses | 138 | 45 | - | 183 | 1,555 | |
| Charitable donations | - | - | - | - | 1,023 | |
| Telephone and internet | 395 | 132 | - | 527 | 513 | |
| --------------- | -------------- | --------------- | ---------------- | ---------------- | ||
| Total premises costs | 3,248 | 1,081 | - | 4,329 | 6,583 | |
| --------------- | -------------- | --------------- | ---------------- | ---------------- | ||
| Total 2020 | 5,193 | 1,390 | - | 6,583 | ||
| --------------- | -------------- | --------------- | ---------------- |
11 Trustees’ remuneration
Trustees are not remunerated for their services but the following trustees received payments for teaching or directing services for the charity on an arms length basis. The payments were charged to: Education £270; General £660 (2020 Education £9,575).
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Steph Bliss | 270 | 1,920 |
| Sue Fletcher | 165 | - |
| Martin Illingworth | 495 | 270 |
| Shirley Rawlings | - | 7,235 |
| Matt Wilkinson | - | 150 |
| ----------- | ----------- | |
| Total | 930 | 9,575 |
| ----------- | ----------- |
Annual Report to the Charity Commission – 01.04.2020 – 31.03.2021
16
Notes to the financial statements (continued)
For the year ended 31[st] March, 2021
| 12 | Tangible fixed assets | |||||
|---|---|---|---|---|---|---|
| Freehold | Equipment | Equipment | Total | Total | ||
| Property | Unrestricted | Restricted | 2021 | 2020 | ||
| £ | £ | £ | £ | £ | ||
| Cost or valuation | ||||||
| At the beginning of the year | 1,106,284 | 38,844 | 39,708 | 1,184,836 | ||
| 1,175,579 | ||||||
| Additions in the year | - | - | - | - | 9,257 |
|
| -------------------- | -------------- | ----------------- | -------------------- | ------------------ | ||
| - | ||||||
| At the end of the year | 1,106,284 | 38,844 | 39,708 | 1,184,836 | ||
| 1,184,836 | ||||||
| -------------------- | -------------- | ----------------- | -------------------- | ------------------ | ||
| - | ||||||
| Depreciation and impairments | ||||||
| At the beginning of the year | - | 34,477 | 26,472 | 60,949 | 40,066 | |
| Depreciation for the year | - | 3,377 | 13,236 | 16,613 | 20,883 | |
| -------------------- | -------------- | ----------------- | -------------------- | ------------------ | ||
| - | ||||||
| At the end of the year | - | 37,854 | 39,708 | 77,562 | 60,949 | |
| ------------------- | -------------- | ----------------- | -------------------- | ------------------ | ||
| - | ||||||
| Net book amount at the beginning of the year | 1,106,284 | 4,367 | 13,236 | 1,123,887 | ||
| 1,135,513 | ||||||
| Net book amount at the end of the year | 1,106,284 | 990 | - | 1,107,274 | ||
| 1,123,887 | ||||||
| -------------------- | -------------- | ----------------- | -------------------- | ------------------ | ||
| - | ||||||
| Unrestricted | Restricted | Total |
Total | |||
| General | 2021 | 2020 | ||||
| £ | £ | £ | £ | |||
| 13 | Stock | |||||
| Student textbooks | - | - | - | 57 |
||
| ----------- | ----------- | ------------ | ---------- |
|||
| Total 2020 | 57 | - | 57 | |||
| ----------- | ----------- | ------------ | ||||
| 14 | Debtors | |||||
| Accrued income and prepayments | 1,082 | - | 1,082 | 638 |
||
| ----------- | ----------- | ------------ | ----------- |
|||
| Total 2020 | 638 | - | 638 | |||
| ----------- | ----------- | ----------- | ||||
| 15 | Creditors falling due within one year | |||||
| Members’ donations in advance | 4,978 | - | 4,978 | 4,200 |
||
| Education receipts in advance | 7,224 | - | 7,224 | 2,386 |
||
| Accrued expenses | 10,123 | - | 10,123 | 2,488 |
||
| Current element on mortgage | 11,068 | - | 11,068 | 10,526 | ||
| Retention on refurbishment costs | - | - | - | 15,161 | ||
| -------------- | ----------- | -------------- | ----------- | |||
| Total | 33,393 | - | 33,393 | 34,761 | ||
| -------------- | ----------- | -------------- | ------------- |
|||
| Total 2020 | 34,761 | - | 34,761 | |||
| -------------- | ------------- | -------------- |
Annual Report to the Charity Commission – 01.04.2020 – 31.03.2021
17
Notes to the financial statements (continued)
For the year ended 31[st] March, 2021
16 Mortgage
The property refurbishment carried out during the financial year ended 31[st] March, 2019 was partly financed by a mortgage from Charity Bank Ltd. The initial amount of the facility was £405,000 and the principal is repayable over a period of 25 years from the first drawdown on 12[th] August, 2018. The interest rate is 3.75% above the Bank of England base rate. On-going finance costs are charged as expenditure on charitable activities.
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| General | 2021 | 2020 | ||
| £ | £ | £ | £ | |
| Within one year – Note 15 | 11,068 | - | 11,068 | 10,526 |
| Between one and two years | 11,625 | - | 11,625 | 10,951 |
| Between two and five years | 37,553 | - | 37,553 | 35,564 |
| In five years or more | 328,489 | - | 328,489 | 342,417 |
| ---------------- | ----------- | ---------------- | ---------------- | |
| 388,735 | - | 388,735 | 399,458 | |
| ---------------- | ----------- | ---------------- | --------------- | |
| Creditors falling due within one year | 11,068 | 10,526 | ||
| Creditors falling due in over one year – long term mortgage | 377,667 | 388,932 |
17 The funds of the charity
| The funds of the charity | |||||
|---|---|---|---|---|---|
| Funds at | Income | Expenditure | Net | Funds at | |
| start of | Income | end of | |||
| year | for year | year | |||
| £ | £ | £ | £ | £ | |
| General fund | 642,508 | 41,815 | 29,428 | 12,387 | 654,895 |
| Designated fund - Education | 13,157 | 27,000 | 33,595 | (6,595) | 6,562 |
| ----------------- | ---------------- | ---------------- | ---------------- | ---------------- | |
| 655,665 | 68,815 | 63,023 | 5,792 | 661,457 | |
| Property revaluation reserve | 103,370 | - | - | - | 103,370 |
| ----------------- | ---------------- | ---------------- | ---------------- | ---------------- | |
| Total unrestricted funds | 759,035 | 68,815 | 63,023 | 5,792 | 764,727 |
| Restricted fund | 13,236 | - | 13,236 | (13,236) | - |
| ----------------- | ---------------- | ---------------- | ---------------- | ---------------- | |
| Total funds | 772,271 ---------------- |
68,815 ---------------- |
76,259 ---------------- |
(7,444) ---------------- |
764,827 ---------------- |
Annual Report to the Charity Commission – 01.04.2020 – 31.03.2021
18
N otes to the financial statements (c ontinued)
For the year ended 31[st] March, 2021
18 Financial statements for the year ended 31[st] March, 2020
| Statement of financial activities | Unrestricted Funds | Unrestricted Funds | Unrestricted Funds | Unrestricted Funds | Restricted | Total |
|---|---|---|---|---|---|---|
| General | Education | Total | Fund | 2020 | ||
| Designated | ||||||
| £ | £ | £ | £ | £ | ||
| Income & endowments from: | ||||||
| Donations & legacies | 11,799 | 200 | 11,999 | - | 11,999 | |
| Charitable acitivities | 54,338 | 45,776 | 100,114 | - | 100,114 | |
| Other trading activities | 563 | 63 | 626 | - | 626 | |
| Income from investments | 121 | 96 | 217 | - | 217 | |
| --------------- | -------------- | --------------- | ---------------- | ---------------- | ||
| Total income & endowments | 66,821 | 46,135 | 112,956 | - | 112,956 | |
| --------------- | -------------- | --------------- | ---------------- | ---------------- | ||
| Expenditure on: | ||||||
| Trading activities | 318 | - | 318 | - | 318 | |
| Charitable activities | 13,309 | 29,588 | 42,897 | - | 42,897 | |
| Support costs for charitable activities | 33,195 | 22,557 | 55,752 | 13,236 | 68,988 | |
| Governance | 753 | 251 | 1,004 | - | 1,004 | |
| --------------- | -------------- | --------------- | ---------------- | ---------------- | ||
| Total expenditure | 47,575 | 52,396 | 99,971 | 13,236 | 113,207 | |
| --------------- | -------------- | --------------- | ---------------- | ---------------- | ||
| Net income | 19,246 | (6,261) | 12,985 | (13,236) | (251) | |
| Gains/(losses) on revaluation | ||||||
| of fixed assets | - | - | - | - | - | |
| --------------- | -------------- | --------------- | ---------------- | ---------------- | ||
| Net movement in funds | 19,246 | (6,261) | 12,985 | (13,236) | (251) | |
| Total funds brought forward | 726,632 | 19,418 | 746,050 | 26,472 | 772,522 | |
| ---------------- | -------------- | ---------------- | ---------------- | ---------------- | ||
| Total funds carried forward restated | 745,878 | 13,157 | 759,035 | 13,236 | 772,271 | |
| ---------------- | ------------- | --------------- | ---------------- | ---------------- |
Annual Report to the Charity Commission – 01.04.2020 – 31.03.2021
19