OXFORD BRIDGE CLUB
Oxford Bridge Club CIO
Registered Charity 1155820
Trustees Annual Report and Accounts for the year ended 31 March 2025
1
Table of Contents
Trustees Annual Report for the year ended on 31st March, 2025.......................................................................... 3 Committee reports .................................................................................................................................................. 3 Bridge Committee .............................................................................................................................................. 3 Conduct Committee............................................................................................................................................ 5 Education Committee ......................................................................................................................................... 5 Finance Review .................................................................................................................................................. 6 Laws and Ethics Committee ............................................................................................................................... 6 Membership & Communications Committee .................................................................................................... 7 Premises Committee ........................................................................................................................................... 7 Reference and administrative detail ....................................................................................................................... 8 Independent Examiner’s Report to the Trustees of Oxford Bridge Club ............................................................... 9 Statement of financial activities ........................................................................................................................... 10 Balance sheet as at 31 March 2025 .................................................................................................................. 11 Cash flow statement ......................................................................................................................................... 12 Notes to the consolidated cash flow statement..................................................................................................... 12 Statement of accounting policies.......................................................................................................................... 13 Mortgage funding ............................................................................................................................................. 14 Notes to the financial statements .......................................................................................................................... 15
2
Trustees Annual Report for the year ended on 31st March, 2025
The Trustees are pleased to present the eleventh annual report of Oxford Bridge Club CIO (referenced later as OBC or “the club”) which was registered as charity number 11558820 on 17th February 2014. The registered office is at 147 Banbury Road, Oxford OX2 7AN. The club is affiliated to the English Bridge Union (EBU) and 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:
-
The advancement of amateur sport by promoting the game of bridge for the benefit of the residents of Oxford and the surrounding areas.
-
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.
The trustees met regularly during the year on a face to face basis and on Zoom.
The three key strategic objectives of the club are:
-
To provide the best possible social environment for anyone who wishes to learn or to play the game of bridge and, through education and feedback, to promote high standards of behaviour throughout the club.
-
To strengthen the teaching of bridge (on-line and face-to-face), ensure we have excellent teachers and broaden the reach of the Oxford Bridge School.
-
To provide a variety of bridge games (face-to-face as well as online) that cater for different standards of player and may include relaxed games for those who wish to play less competitive bridge. Progress has been reviewed at meetings of committees and the Board of Trustees. The Covid pandemic with consequent lockdowns and social restrictions triggered new ways of both playing and learning bridge. Face-to-face activities have increased but hybrid and online games continue to be attractive both to local players and to those living further afield, attracting new members. Many operational details are delegated to committees, each with terms of reference agreed by the Trustees. Reports from the committees follow.
Committee reports
Bridge Committee
Bridge Committee report for the year ending March 2025
Overall numbers attending club sessions were slightly higher than the previous year (13924 versus 13,575), but still considerably lower than before Covid (16,795 in 2019–2020). Numbers of those playing face to face (F2F) have risen, while numbers playing online have tended downwards, such that online and F2F bridge are now nearly evenly split (51%:49%). This partly reflects the changes in session structure, with Wednesday evenings now fully F2F, and the online Wednesday morning
3
Supervised Play being discontinued. These figures exclude Saturday afternoon Social Bridge, but include Supervised Play.
Regular sessions : we ran 6 regular sessions per week, plus 2 extra sessions per month on Friday evenings (this section excludes Supervised Play and Social Bridge which are run by Education). The Friday morning hybrid session continues to be the club’s best attended session, attracting an average of 18 tables, with an approximate 60:40 split between online and F2F. The Tuesday morning Gentle Duplicate session is our best attended F2F session, attracting an average of 10 tables, with up to 12 at peak times; it is a very pleasant social session. Wednesday evenings are showing a small increase over the previous year and now average 7 tables per week, with the best attended session being the John Deech pairs on 4[th] Wednesdays. The Monday morning hybrid session averages 12 tables per week. The Thursday evening 9-High Pairs online session averages 6 tables per week. We continue to run a monthly F2F cross-Imp pairs session on 1st Friday evenings, and online teams on 3rd Friday evenings; both attract a small cohort of keen players.
Competitions and special events : all of the club’s annual competitions were run successfully this year with the exception of the Rose Bowl (teams of four competition), which was cancelled as there weren’t enough entries to make it viable. We introduced new trophies for the highest placed pairs with an NGS of under 10 in the Beck Salver (championship pairs) and Winnie Ling (mixed pairs) competitions. We also ran 8 ladder competitions, 7 simultaneous pairs events, 2 Pro-Am events, a blue-pointed Swiss pairs and a heat of the National Handicap Pairs. John Deech very generously continued to sponsor his eponymous competition on 4th Wednesday evenings; this includes cash prizes and free refreshments and is an enjoyable social session.
Teams representing the club: we fielded 6 teams in the main Wessex League, one fewer than last year. This was a good year for the club, with the A team winning Division 1 and thus qualifying to represent Oxfordshire in the Garden Cities competition, and the D team winning Division 3. Seven teams represented us in the Daytime Wessex League, one more than last year, with an Oxford team winning each division: Oxford Horspath won Division 1, Oxford Frideswide won Division 2, and Oxford Bodleian won Division 3, with Oxford Ashmolean as runner-up. Four teams represented the club in the NICKO, but none progressed further than the third round.
The Bridge Committee met twice during the year, via video conference.
4
Conduct Committee
Conduct Committee Annual Report 2025
This report is based on the activities of the Conduct Committee in the last year and following review and discussion at the Conduct Committee meeting held via Zoom on Thursday 22[nd] June 2025.
There were no formal complaints referred to the Committee in the past year. There had been several incidents which might have resulted in a referral but in each case the matter was dealt with informally and no further action was required. The Conduct Officer is grateful to the Directors who have dealt with several matters at the time of the offence, which helped to prevent any further escalation. It was disappointing that incidents occurred at a social bridge session and a supervised play session.
No changes have been made to the terms of reference except to update the membership of the Committee.
Following the changes to the Disciplinary Procedures, the Conduct Panel is no longer required, as those investigating would be likely to be drawn from the Conduct Panel itself. The Conduct Officer has informed the members of the Conduct Panel that it has been disbanded, and he has thanked them for their service.
The Conduct Officer published a short article in the club newsletter reminding members of the importance of being polite to both opponents and partner and to treat the Director with respect.
The Conduct Committee has reviewed its work and does not feel that any changes are required at present. The new Disciplinary Procedures have not yet been fully tested.
The Conduct Officer will not be offering himself for re-election this year, having completed a fouryear term. None of the existing committee members wished to be nominated for this role but Ruth Kim has indicated a willingness to stand.
The Conduct Committee will meet annually and as required. An annual report will be prepared for the AGM each year.
Education Committee
Report of Education Committee, April 2025:
The committee meets bimonthly using Zoom. Education is a core activity of OBC. Activities have been directed towards meeting the objectives in the OBC strategic plan “to strengthen the teaching of Bridge, ensure we have excellent teachers and broaden the reach of Oxford Bridge School”. Bridge for All lessons for beginners (Year1) and improvers (Year 2) have been provided face-toface. There are three terms, each consisting of 10 weekly lessons. Around 77 students enrolled in September 2024. There has been a drop off in numbers as the year has progressed but this has been less than in previous years.
Feedback is collected after each term so that we can identify any areas for improvement and help teachers to develop their skills. There are currently around 73 students. Free membership of the club is given to BfA students. They are encouraged to attend Supervised Play on Thursday
5
evenings, attendance has risen throughout this year, and Gentle Duplicate, of which there are two sessions each week. Encouragement is also given to become involved in other voluntary roles within the club.. The Saturday Social bridge is a social session for students to build confidence in their play and for people returning to Bridge after a break. It has been well supported and enjoyed.
Speakers at Saturday Seminars have included Andrew Robson, Michael Bryne, Graham Osmond, Kathy Talbot and Robert Procter who have enlightened and entertained us on various topics. This has been another good year for Education, and has continued to provide an annual contribution to OBC.
Finance Review
The club set its 2024-25 budget on the basis of bridge numbers remaining similar to the previous year, albeit with more bridge still being played online. Over the year, face to face bridge numbers increased slightly whilst online numbers decreased by a similar number. Costs were slightly down on budget. The total Bridge contribution ended up around £1.5k over budget and almost identical to previous year.
The largest variation from budget was in Education where student numbers continued to exceed expectations, bringing in significant extra income. The total Education contribution was £12.5k up on budget and £2k above a very successful previous year.
Oxford Bridge Club (OBC) is the freeholder of the property 147 Banbury Road. The 3-yearly valuation of the property was completed in March 2025. The updated valuation of £1.1m represents an increase of £75k over the previous valuation. This increase has been recognised as an increase in the Property Revaluation Reserve.
The main financial pressure on OBC is its mortgage with the Charity Bank. Interest costs in the year 2024-25 were £24.5k. However, the club was holding more cash than it needed on deposit, earning low interest. In each of September 2024 and October 2024, £10,000 was used for early repayments of part of the mortgage. This, together with a fall in the Base Rate, resulted in interest costs turning out over £2.5k below the previous year. They are anticipated to reduce further in the coming year.
Overall the 2024-2025 financial results exceeded expectations, with a small cash surplus despite these mortgage capital overpayments.
A provisional budget for 2025-26 has been agreed by the trustees. Bridge numbers are broadly similar to 2024-25, but Education numbers for Autumn and Spring have again been projected conservatively as we cannot be certain of continued high student numbers. Most costs have been budgeted to increase slightly with inflation, whilst mortgage interest costs have been budgeted to decrease slightly.
Laws and Ethics Committee
Annual report by Laws and Ethics Committee for year ending 31[st] March 2025
The Law & Ethics Committee (LEC) did not meet formally during the year.
The LEC continued to provide enough trained directors to run regular weekly sessions both on-line on RealBridge and face-to-face throughout the year, coping as the mix between on-line and faceto-face sessions was amended.
6
The demands on directors are different between face-to-face and on-line events so all changes to the bridge schedule need careful planning before implementation. The main issue currently is to ensure that the pool of trained directors is kept topped up to allow current directors to step back as and when they wish or need.
Two refresher sessions for trained directors who had not directed at the club since Covid were arranged in June and October 2024. An EBU-led training course for new directors has been scheduled for May and June 2025 at the clubhouse.
No psychic bids were reported during the year, which is below historical norms; this is certainly the result of lack of reporting rather than lack of psychic bids. No disciplinary penalties were imposed during the year.
Membership & Communications Committee
Membership & Communications report for the year ending March 2025
OBC currently has 474 members, including 31 Foundation Life Members, 1 Honorary Life Member and 80 Bridge for All members (i.e. 112 members who do not pay an annual subscription). For comparison, the equivalent figures for 2023 were 474 members (unchanged), including 31 Foundation Life Members, 2 Honorary Life Members and 71 Bridge for All members.
Communications with members are maintained through a monthly newsletter sent by email to all members, and by the Club website, which is updated regularly.
All-member emails are also sent periodically by various club functions, using the membership system (Pianola), and the web-site provides a “Contact Us” service that enables members and non-members to contact the Club.
In addition to its core role, the Membership and Communications committee is responsible for technical administration of the Club’s website.
Brian Mills remains on the Club’s Board of Trustees as Membership and Communications Secretary. Other committee members are Matt Wilkinson – Membership secretary and Viccy Fleming – newsletter editor.
The committee has long standing vacancies for Marketing and Social Media and is also seeking additional technical assistance for maintaining the website.
Premises Committee
The premises sub- committee have not formally met, although there has been ongoing activity on a number of maintenance matters.
Particular thanks are due to Susie Crawford who has recently resigned as house manager. She had performed a great job in managing many aspects of the maintenance of the club’s equipment and supplies to ensure that the club is well presented. We now need someone to take over house manager responsibilities.
7
Thanks should also go to Peter Finbow for the many aspects of handyman tasks that he conducts on behalf of the club. Key outstanding issues at present include ongoing concerns with the performance of the dishwasher and the need to re-instate the card symbols that are placed at head height on a number of the windows as a safety feature.
Reference and administrative detail
The Officers and Trustees for the reporting period documented here were as follows:
Julie Anderson*Chair
Ruth Kim Secretary Peter Schroeder Treasurer Martin Illingworth ~Chief Tournament Director
Liza Furnival Tournament Secretary John Briggs Premises Officer Brian Mills Communications Paul Watson Conduct Officer Ursula Bowler* Education Secretary Matthew Wilkinson~ Membership Secretary
Juliette Riehl + Directly Elected Trustee
Joe Brash+ Directly Elected Trustee
Diana Cannon + Directly Elected Trustee
*Ex-officio trustee +Directly Elected Trustee ~Club Officer
Declaration: The Trustees declare that they approved the report and accounts for the period ended 31st March 2025, on 26[th ] June 2025.
Signed:
Name: Julie Anderson, Chair of the Trustees on behalf of the Trustees this 26th day of June 2025
8
Independent Examiner’s Report to the Trustees of Oxford Bridge Club
For the year ended 31[st] March, 2025
I report on the financial statements of the charity for the year ended 31[st] March, 2025, which are set out on pages 10 to 20.
Respective responsibilities of trustees and the 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(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the financial statements under section 145 of the 2011 Act;
-
follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
state whether particular matters have come to my attention.
Basis of the independent examiner’s report
My examination was carried out in accordance with the general directions given by the Charity Commission. 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 includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations 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 given as to whether the financial statements present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 130 of the 2011 Act; and
-
to prepare financial statements which accord with the accounting records and comply with the accounting records of the 2011 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.
9
Statement of financial activities
For the year ended 31[st] March, 2025
| Unrestricted Funds | Unrestricted Funds | ||||
|---|---|---|---|---|---|
| General | Education |
Total | Total | ||
| Designated | 2025 | 2024 | |||
| Notes | £ | £ | £ | £ | |
| Income & endowments from: | |||||
| Donations | 1 | 10,746 | - | 10,746 | 10,978 |
| Charitable activities | 2 | 53,163 | 39,772 | 92,935 | 89,436 |
| Income from investments | 3 | 574 | 283 | 857 | 531 |
| --------------- | -------------- | --------------- | ---------------- | ||
| Total income & endowments | 64,483 | 40,055 | 104,538 | 100,945 | |
| --------------- | -------------- | --------------- | ---------------- | ||
| Total income & endowments 2024 | 63,538 | 37,407 | 100,945 | ||
| --------------- | -------------- | --------------- | |||
| Expenditure on: | |||||
| Charitable activities | 4 | 13,285 | 17,746 | 31,031 | 29,584 |
| Support costs for charitable activities | 5 | 30,801 | 15,171 | 45,972 | 46,573 |
| Governance | 6 | 724 | 356 | 1,080 | 788 |
| --------------- | -------------- | --------------- | ---------------- | ||
| Total expenditure | 44,810 | 33,273 | 78,083 | 76,945 | |
| --------------- | -------------- | --------------- | ---------------- | ||
| Total expenditure 2024 | 44,554 | 32,391 | 76,945 | ||
| --------------- | -------------- | --------------- | |||
| Net income | 19,673 | 6,782 | 26,455 | 24,000 | |
| Gains/(losses) on revaluation | |||||
| of fixed assets | 14 | 75,000 | - | 75,000 | 8,000 |
| ---------------- | --------------- | ---------------- | ---------------- | ||
| Net movement in funds | 94,673 | 6,782 | 101,455 | 32,000 | |
| Reconciliation of funds: | |||||
| Total funds brought forward | 740,850 | 8,572 | 749,422 | 717,422 | |
| ---------------- | --------------- | ---------------- | ---------------- | ||
| Total funds carried forward | 835,523 ---------------- |
15,354 --------------- |
850,877 ---------------- |
749,422 ---------------- |
Note: There were no restricted funds in either 2024 or 2025.
The accompanying accounting policies and notes form an integral part of these Financial Statements
10
OXFORD BRIDGE CLUB CIO (CHARITY No: 1155820)
Balance sheet as at 31 March 2025
| 2025 | 2024 | |||||
|---|---|---|---|---|---|---|
| Notes | £ | £ | ||||
| FIXED ASSETS | ||||||
| Tangible assets | 10 | 1,100,000 1,025,000 |
1,025,000 | |||
| -------------------- | ------------------- | ------------------- | ||||
| 1,100,000 1,025,000 |
1,025,000 | |||||
| CURRENT ASSETS | ||||||
| Debtors | 11 | 1,984 | 768 | 768 | ||
| Cash at bank and in hand | 32,338 | 29,512 | 29,512 | |||
| -------------- | -------------- | -------------- | ||||
| 34,322 | 30,280 | 30,280 | ||||
| LIABILITIES | ||||||
| Creditors falling due within one year12 | (22,444) | (18,543) | ||||
| -------------- | --------------- | --------------- | ||||
| NET CURRENT ASSETS | 11,878 | 11,737 | ||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 1,111,878 1,036,737 |
|||||
| CREDITORS FALLING DUE AFTER MORE THAN | CREDITORS FALLING DUE AFTER MORE THAN | |||||
| ONE YEAR: Long-term mortgage13 | (261,001) | (287,315) | ||||
| NET ASSETS | £850,877 | £850,877 | £749,422 | £749,422 | ||
| FUNDS OF THE CHARITY | ||||||
| Unrestricted funds | 14 | 745,791 | 719,336 | 719,336 | ||
| Property revaluation reserve | 14 | 105,086 | 30,086 | 30,086 | ||
| NET ASSETS | £850,877 | £850,877 | £749,422 | £749,422 |
Approved and authorised for issue by the Trustees on Thursday 26[th] June 2025 and signed on its behalf by: — Ve ………………………………………… Trustee …………………………………….. Trustee
(Chair, Dr Julie Anderson) (Treasurer, Peter Schroeder)
11
Cash flow statement
For the year ended 31[st] March, 2025
| 2025 | 2024 | |||
|---|---|---|---|---|
| £ | £ | |||
| Net cash (expended)/raised from operating activities | 1,969 | |||
| (4,513) | ||||
| ------------------- | ---------------- | |||
| Cash flows from financing activities: | ||||
| Income from investments | 857 | 531 | ||
| Income realised from Leaseholder lease extensions | - | 8,000 | ||
| Mortgage funds | - | - | ||
| Purchase of tangible assets | - | - | ||
| ----------------- | ---------------- | |||
| Net cash used in investing activities | 857 | 8,531 | ||
| ----------------- | ---------------- | |||
| Change in cash and cash equivalents in the year | 2,826 | 4,018 | ||
| Cash and cash equivalents at the beginning of the | year | 29,512 | 25,494 | |
| ----------------- | ---------------- | |||
| Cash and cash equivalents at the end of the year | 32,338 | 29,512 | ||
| ----------------- | ---------------- | |||
| Notes to the consolidated cash flow statement | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Reconciliation of net movement in funds to net | cash flow | |||
| from operating activities | ||||
| Net movement in funds | 26,455 | 24,000 | ||
| Add: Depreciation charge | - | - | ||
| Deduct: Income from investing activities | (857) | (531) | ||
| Decrease/(increase) in debtors (Note 11) | (1,216) | (41) | ||
| Decrease in stocks | - | - | ||
| (Decrease) in creditors (Note 12) | 3,901 | (2,538) | ||
| (Decrease) in long term mortgage (Note 13) | (26,314) | (25,403) | ||
| ---------------- | ---------------- | |||
| Net cash raised from operating activities | 1,969 | (4,513) | ||
| ---------------- | ---------------- | |||
| Cash and cash equivalents and net debt comprise the following | balances: | |||
| At | 01.04.24 | Cashflows | At 31.03.25 | |
| £ | £ | £ | ||
| Cash at bank and in hand | 29,512 | 2,826 | 32,338 | |
| Mortgage from Charity Bank Ltd | (293,174) | 25,699 | (267,475) | |
| ----------------- | ----------------- | ----------------- | ||
| Total net debt | (263,662) | 28,525 | (235,137) | |
| ----------------- | ----------------- | ----------------- |
12
Statement of accounting policies
For the year ended 31[st] March, 2025
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.
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 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. The balance on the fund at 31st March, 2021 was nil, and there have been no restricted funds since then.
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. 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 fair value and is not depreciated. It is revalued every three years and a valuation of £1.1m was carried on 21st March 2025. Between valuations any expenditure which enhances the value of the building is added to its value.
The freehold is subject to 2 long leases in respect of the residential flats on the 1st and 2nd floors of the property. That for Flat A runs until 31st March 2130 and that for Flat B has been extended to run until 31st March 2220. The charity receives ground rent of £100 per annum in respect of the
13
lease for Flat A. The charity and the leaseholders together contribute £350 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.
Other tangible fixed assets 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. There were no such assets in 2025.
Mortgage funding
The mortgage is recognised as the principal amount advanced less any repayments of principal.
14
Notes to the financial statements
For the year ended 31[st] March, 2025
| Unrestricted | Unrestricted | Total | Total | ||
|---|---|---|---|---|---|
| General | Designated | 2025 | 2024 | ||
| Education | |||||
| £ | £ | £ | £ | ||
| 1 | Donations | ||||
| Members’ donations | 10,746 | - | 10,746 | 10,978 | |
| --------------- | ---------------- | ---------------- | ---------------- | ||
| Total 2024 | 10,978 | - | 10,978 | ||
| --------------- | --------------- | ---------------- | |||
| Members’ donations include gift aid received of £1,749 (2023: £1,692). Gift aid is | recognised | when a | |||
| HM | Revenue & Customs and the repayment is received by the charity. | ||||
| £ | £ | £ | £ | ||
| 2 | Charitable activities | ||||
| Table money | 47,535 | - | 47,535 | 47,228 | |
| Room hire | 2,398 | 1,181 | 3,579 | 3,002 | |
| Education income | - | 38,591 | 38,591 | 36,241 | |
| Bar and social events income | 3,230 | - | 3,230 | 2,965 | |
| -------------- | ---------------- | ---------------- | ---------------- | ||
| Total | 53,163 | 39,772 | 92,935 | 89,436 | |
| -------------- | ---------------- | ---------------- | --------------- | ||
| Total 2024 | 52,204 | 37,232 | 89,436 | ||
| -------------- | --------------- | ---------------- | |||
| £ | £ | £ | £ | ||
| 3 | Income from Investments | ||||
| Ground rent from leasehold flats | 67 | 33 | 100 | 200 | |
| Interest received | 507 | 250 | 757 | 331 | |
| ------------- | --------------- | ---------------- | -------------- | ||
| Total | 574 | 283 | 857 | 531 | |
| ------------- | --------------- | ---------------- | -------------- | ||
| Total 2024 | 356 | 175 | 531 | ||
| ------------- | -------------- | ---------------- | |||
| £ | £ | £ | £ | ||
| 4 | Expenditure on charitable activities | ||||
| Bridge for All courses | - | 10,660 | 10,660 | 10,430 | |
| Seminars | - | 3,684 | 3,684 | 3,332 | |
| Practice sessions | - | 400 | 400 | 821 | |
| Courses administration | - | 1,846 | 1,846 | 1,390 | |
| Bridge Committee | 1,117 | - | 1,117 | 571 | |
| Online Bridge costs | 2,454 | - | 2,454 | 2,963 | |
| English Bridge Union and Pay to Play | 6,509 | - | 6,509 | 6,578 | |
| Competitions | 859 | - | 859 | 802 | |
| Refreshments and social events | 2,346 | 1,156 | 3,502 | 2,697 | |
| -------------- | --------------- | ---------------- | -------------- | ||
| Total | 13,285 | 17,746 | 31,031 | 29,584 | |
| -------------- | ---------------- | ---------------- | -------------- | ||
| Total 2024 | 12,821 -------------- |
16,763 --------------- |
29,584 ---------------- |
Members’ donations include gift aid received of £1,749 (2023: £1,692). Gift aid is recognised when a claim is made to HM Revenue & Customs and the repayment is received by the charity.
15
NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31[st] March, 2025
5 Support costs
| 5 Support costs |
|||||
|---|---|---|---|---|---|
| Unrestricted Funds | Total | Total | |||
| General | Education Total | Funds | Funds | ||
| 2025 | 2024 | ||||
| £ | £ | £ | £ | £ | |
| Premises costs – Note 7 | 9,621 | 4,739 | 14,360 | 14,360 | 12,286 |
| Club and office costs – Note 8 | 3,281 | 1,616 | 4,897 | 4,897 | 4,733 |
| Depreciation | - | - | - | - | - |
| Finance costs (mort int + bank charges) | 17,899 | 8,816 | 26,715 | 26,715 | 29,554 |
| --------------- | -------------- | ---------------- | ---------------- | ---------------- | |
| Total support costs for charitable activities | 30,801 | 15,171 | 45,972 | 45,972 | 46,573 |
| --------------- | -------------- | ---------------- | ---------------- | ---------------- | |
| Total 2024 | 31,205 | 15,368 | 46,573 | 46,573 | |
| --------------- | -------------- | ---------------- | ---------------- |
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, Club and office costs 67% 33% Depreciation By use of the assets Finance costs – Stripe By value of income processed
The charity employed no staff in the year 2025 (2024: Nil) and staff costs are £Nil (2024: £Nil).
| Unrestricted | Unrestricted | Total | Total | |||
|---|---|---|---|---|---|---|
| General | Designated | 2025 |
2024 | |||
| Education | ||||||
| £ | £ | £ | £ | |||
| 6 | Governance | |||||
| Administration | 724 | 356 | 1,080 | 788 | ||
| --------------- | -------------- | ---------------- | ---------------- | |||
| Total 2024 | 528 | 260 | 788 | |||
| --------------- | -------------- | ---------------- | ||||
| £ | £ | £ | £ | |||
| 7 | Premises costs | |||||
| Business rates | 121 | 59 | 180 | 180 | ||
| Cleaning | 2,651 | 1,306 | 3,957 | 3,562 | ||
| Communal fund | 985 | 485 | 1,470 | 1,414 | ||
| Maintenance | 3,113 | 1,534 | 4,647 | 3,506 | ||
| Utilities costs | 2,751 | 1,355 | 4,106 | 3,624 | ||
| --------------- | -------------- | ---------------- | ---------------- | |||
| Total premises costs | 9,621 | 4,739 | 14,360 | 12,286 | ||
| --------------- | -------------- | ---------------- | ---------------- | |||
| Total 2024 | 8,232 | 4,054 | 12,286 | |||
| --------------- | -------------- | ---------------- | ||||
| £ | £ | £ | £ | |||
| 8 | Club and office costs | |||||
| Accountancy and financial services | 1,608 | 792 | 2,401 | 2,382 | ||
| Insurance | 1,186 | 584 | 1,770 | 1,656 | ||
| Sundry expenses | 21 | 10 | 31 | 59 | ||
| Telephone and internet | 466 | 229 | 695 | 636 | ||
| --------------- | -------------- | ---------------- | ---------------- | |||
| Total club and office costs | 3,281 | 1,616 | 4,897 | 4,733 | ||
| --------------- | -------------- | ---------------- | ---------------- | |||
| Total 2024 | 3,172 | 1,561 | 4,733 | |||
| --------------- | -------------- | ---------------- |
16
NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31[st] March, 2025
9 Trustees’ remuneration
Trustees are not remunerated for their services but trustees may receive payments for teaching or directing services for the charity on an arm’s length basis. Such payments are charged to Education. There were no such payments in 2025 (2024: £0).
| 2025 | 2024 | |||||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| - | - | |||||
| ----------- | ----------- | |||||
| Total | - | - | ||||
| ----------- | ----------- | |||||
| 10 | Tangible fixed assets | |||||
| Freehold | Equipment | Equipment | Total | Total | ||
| Property | Unrestricted | Restricted | 2025 | 2024 | ||
| £ | £ | £ | £ | £ | ||
| Cost or valuation | ||||||
| At the beginning of the year | 1,025,000 | 38,844 | 39,708 | 1,103,552 | 1,103,552 | |
| Addition from re-valuation | 75,000 | - | - | 75,000 | - | |
| -------------------- | -------------- | ----------------- | -------------------- | ------------------- | ||
| At the end of the year | 1,100,000 | 38,844 | 39,708 | 1,178,552 | 1,103,552 | |
| -------------------- | -------------- | ----------------- | -------------------- | ------------------- | ||
| Depreciation and impairments | ||||||
| At the beginning of the year | - | 38,844 | 39,708 | 78,552 | 78,552 | |
| Depreciation for the year | - | - | - | - | - | |
| Impairment from revaluation | - | - | - | - | - | |
| -------------------- | -------------- | ----------------- | -------------------- | ------------------- | ||
| At the end of the year | 1,100,000 | 38,844 | 39,708 | 78,552 | 78,552 | |
| ------------------- | -------------- | ----------------- | -------------------- | ------------------- | ||
| Net book amount at the beginning of the year | 1,025,000 | - | - | 1,025,000 | 1,025,000 | |
| Net book amount at the end of the year | 1,100,000 | - | - | 1,100,000 | 1,025,000 | |
| -------------------- | -------------- | ----------------- | -------------------- | ------------------- |
An informal valuation was carried out on the freehold property at 147 Banbury Road, Oxford on 21[st] March, 2025. The valuation was made on the basis of a residential property as the charity does not have planning permission for other business use. The valuation resulted in a £75,000 increase from the previous valuation in 2022 and this has reflected as a gain on fixed assets in the Statement of Financial Activities and has been credited to the accumulated balance on the property revaluation reserve.
| Total | Total | ||
|---|---|---|---|
| 2025 | 2024 | ||
| £ | £ | ||
| 11 | Debtors | ||
| Accrued income and prepayments (incl. Stripe) | 1,984 | 768 | |
| £ | £ | ||
| 12 | Creditors falling due within one year | ||
| Members’ donations in advance | 5,200 | 5,050 | |
| Education receipts in advance | 1,210 | 2,640 | |
| Accrued expenses | 8,626 | 4,164 | |
| Other receipts in advance | 934 | 830 | |
| Current element on mortgage (capital only) | 6,474 | 5,859 | |
| -------------- | ------------- |
17
Total 22,444 18.543 18
NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31[st] March, 2025
13 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. During the year the charity made additional repayments of £20,000.
| Total | Total | |
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Within one year – Note 12 | 6,474 | 5,859 |
| Between one and two years | 7,029 | 6,408 |
| Between two and five years | 24,846 | 22,990 |
| In five years or more | 229,126 | 257,917 |
| ---------------- | ---------------- | |
| 267,475 ---------------- |
293,174 --------------- |
Creditors falling due within one year 6,474 5,859 Creditors falling due in over one year – long term mortgage 261,001 287,315
14 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 | 710,764 | 64,483 | 44,810 | 19,673 | 730,436 |
| Designated fund - Education | 8,572 | 40,055 | 33,273 | 6,782 | 15,354 |
| ----------------- | ---------------- | ---------------- | ---------------- | ---------------- | |
| 719,336 | 104,538 | 78,083 | 26,455 | 745,790 | |
| Property revaluation reserve | 30,086 | 75,000 | - | 75,000 | 105,086 |
| ----------------- | ---------------- | ---------------- | ---------------- | ---------------- | |
| Total funds – all unrestricted | 749,422 ---------------- |
179,538 ---------------- |
78,083 ---------------- |
101,455 ---------------- |
850,876 ---------------- |
15 Statement of financial activities for the year ended 31[st] March, 2024
| Unrestricted Funds | Unrestricted Funds | Unrestricted Funds | Total | |
|---|---|---|---|---|
| General | Education | Total | 2023 | |
| Designated | ||||
| £ | £ | £ | £ | |
| Income & endowments from: | ||||
| Donations & legacies | 10,978 | - | 10,978 | 10,646 |
| Charitable activities | 52,204 | 37,232 | 89,436 | 69,848 |
| Other trading activities | - | - | - | - |
| Income from investments | 356 | 175 | 531 | 244 |
| --------------- | -------------- | --------------- | ---------------- | |
| Total income & endowments | 63,538 | 37,407 | 100,945 | 80,738 |
| --------------- | -------------- | --------------- | ---------------- | |
| Expenditure on: | ||||
| Charitable activities | 12,821 | 16,763 | 29,584 | 23,009 |
| Support costs for charitable activities | 31,205 | 15,368 | 46,573 | 37,885 |
| Governance | 528 | 260 | 788 | 949 |
| --------------- | -------------- | --------------- | ---------------- | |
| Total expenditure | 44,554 | 32,391 | 76,945 | 61,843 |
| --------------- | -------------- | --------------- | ---------------- |
19
| Net income | 18,984 | 5,016 | 24,000 | 18,895 | ||
|---|---|---|---|---|---|---|
| Gains/(losses) on revaluation | of fixed | assets | 8,000 | - | 8,000 | - |
| --------------- | -------------- | --------------- | ---------------- | |||
| Net movement in funds | 26,984 | 5,016 | 32,000 | 18,895 | ||
| Total funds brought forward | 713,866 | 3,556 | 717,422 | 698,527 | ||
| ---------------- | -------------- | ---------------- | ---------------- | |||
| Total funds carried forward | 740,850 | 8,572 | 749,422 | 717,422 | ||
| ---------------- | ------------- | --------------- |
20