YOUNG CHELSEA BRIDGE CLUB LIlkUTED Charity number 1158813 TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
YOUNG CHELSEA BRIDGE CLUB LIMITED CONTENTS Page Reference and administrative details of the charity, its trustees and advisers Trustees, report Independent examiner's report Statement of financial activities Balance sheet Notes to the financial statements
YOUNG CHELSEA BRIDGE CLUB LIMITED Reference and Administrative Information Trustees Andrew Clery Brian Callaghan David Muller Rosie White Chris Duckworth Heather Hanbury Mark Lehto Ryan Stephenson (resigned 18.10.24) (resigned 18.10.24) (appointed 18.10.24) (appointed 18.10.24) (appointed 18.10.24) (appointed 18.10.24) Charity number 1158813 Company number 08355212 Registered Office and Principal Addre&s 21, Dalling Road, London, W6 OJD Bankers Metro Bank plc 77, St. Peters Street, St. Alb$. Herts. ALI 3ED Independent examiners Stuart Dunstan & Co., 105, Oak Hill. Woodford Green. Essex, IG8 9PF
YOUNG CHELSEA BRIDGE CLUB LIMITED Trustees, Report For The Year Ended 31st March 2024 Structure governance and management The charity is a company and is governed by its memorandum and articles of association. The Trusteeg are responsible for the financial and operational security of the charity. Appointment of Trustees The Trustees are appointed by the members at the AGM. Objective and Activities The charity, s objectives are the advancement of amateur sport by promoting the game of bridge for the benefit of the regidentg of London and the surrounding area the provision of facilities for the learning, teaching and playing of bridge for the benefit of the residents of London the surrounding area with the object of improving conditions of life. The objectives are achieved by providing a venue for the playing of bridge both for members Lind visitors, and by arranging tuition for all those who wish to learn to play bridge or to improve their knowledge and practice of the game. The club organises at least four playing sessions, including supervised play sessions, every week. Public Benefit Statement In setting our objectives and planning our activities the Trustees have given serious consideration to the guidance provided by the Charity Commission, and are %ati.gfied that the activities of the charity satisfy the requirements for them to be considered in the public benefit. Financial Review Gross income for the ye<ir increased by 12.6% and expenditure fell by just over 5%. The net effect of this resulted in net income for the year increasing to £27.788 from £6,640 in the previous year. Detailed results for the year are shown in the Statement of Financial Activities on page 6.
YOUNG CHELSEA BRIDGE CLUB LIMITED Trustees Report {continued) For The Year Ended 31st March 2024 Reserves Policy The Trustees consider that the appropriate level of reserves that the club should Ccqrry are i"eserves that maintain a level of funds to deal with short temi flucttiations in cash flow and to enable continuity of activitie8 in the event of an un¢xp¢ct¢d larg¢ variation of incom¢. Trustees, Responsibilities Statement The Truste¢s are responsible for preparing the Trustees, report and the fmancial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Geiieially AcLepted Accoiiiiting Practice). The law applicable to charities in England and Wales requires the Trustees to prepare financial %tateinentS for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In prepariiig these fii)l¢ Iicial statement5, the Truste¢s ar¢ r¢quired to: select suitable accounting policies and then apply them consistently; observe the methods and principles in ihe Charities SORP: make jiidgm¢iits and accounting estimates that ar¢ reasonable and prudeiit: prepare the financial statements on the going concern basis unless it is iiiappropriate to presume that the charity will continue in operation The Trustees are responsible for keeping proper accounting records which disclose with reasonable acciiracy at any time the financial position of the charity and to enable them to ¢nsur¢ that the financial statements comply with the Charities Act 201 l. They are also responsible for safeguarding the assets of the chLqrity aiid henc¢ t.or taking rcasonablc steps for the prcvcntion and detection of t.raud and othei" irregularities. The Trustees are responsible for the maintenance and integrity of the corporate and financial information inLliided on the chai'ity's website. In so far as the Trustees are aware at the time of approving our Trustees, annual report: thu¢ is no relevant infom)ation, being infom)ation nccded by the indcpcndcnt cxamiiier in connection of preparing his report, of which the examiner is unaware, and the Trustees, having made enquiri¢s of fellow Trustees and the cxamincr that they ouglit to have individually taken, have eaLh taken all steps that he/she is obliged to take as a Trustee in order to make themselves aware of any relevant infonnation and to establish that the exaiiiiner is aware of that information. Ml Lar By order of the board of Trustees Mark Lchto - Tte¢
YOUNG CHELSEA BRIDGE CLUB LIMITED Independent Examiner's Report For The Year Ended 31st March 2024 Independent Examiner's Report To The Trustees Of Young Chelsea Bridge Club Limited I report on the financial statements of the charity for the year ended 31 st March 2024 which set out on pages 6 to 9 This report is made solely to the charity's Trustees, as a body, in accordance with section 145 of the Charitie8 Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so thai I might state to the Chiwity, s Trustees those mÉitters I required to state to them in dn Independent examiner's report and for no other puryx)se. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Tru.stee.s a% d body, for my work or for this report. Respective Responsibilities Of Trustees and Examiner The charity's Trustees are responsible for the preparation of the financial statements, and they consider that an audit is not required for this year und¢r section 144(2) of the Charitie.g Act 2011 (the Act) and that indepcndent examination is needed. It is my responsibility to: examine the financial statements under section 145 of the Act. follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Act" and state whether particular matters have come to my attention. Basis Of Independent Examiner's Rert 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 finrfillci411 statements presented with those records. It also includes consideration of any unusual items or disclosures in the fin41ncial statements. and seeking explanations from you as Trustces concerning any such matters. The procedures undertaken do noi 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.
YOUNG CHEISEA BRIDGE CLUB LIMITED Independent Examiner's Report (continued) For The Year Ended 31st March 2024 Independent Examiner's Statement In connection with my examination. no matter h&s come to my attention: (i) 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 Act. and to preP£e financidI %t<itements which accord with the accounting records and comply with the accounting requirements of the Act have not been met. or (2) to which, in my opinion, attention should drawn in order to enable a proper understanding of the financial statements to be reached. Stuart Dunstan FCA, Stuart Dunstan & Co., Charter¢d Accountants, 105, Oak Hill, Woodford Gr¢¢n, Essex, IG8 9PF. i &éL fjcLJ
YOUNG CHELSEA BRIDGE CLUB LIMITED STATEMENT OF FINANCIAL ACTIVITIES (including summary income and expenditure account) FOR THE YEAR ENDED 31ST MARCH 2024 2024 2023 Income from: Membership sub%criptions Table money and online play Tuition fees Other operating income Hire of premises 15,058 52,984 6.224 314 56,759 20,995 37,501 12,621 40,038 131,339 3,144 111,115 8,751 Bequests Furlough receivable Interest receivable Grants Gift aid claims 700 99 135,183 120,(K)5 Less: Expenses Rent, rate.g and services charges Light and heat Telephone Insurance Repairs and maintenance Provision for works on new premises Equipment expensed Advertising Wage% and NIC Employee pension contributions Card room expenses and competition fees Legal and professional Accountancy and bookkeeping fees Sundry expenses Bank ch<wges Depreciation 50,597 6,481 1.353 3,996 2.144 46,192 5,980 592 3,603 2,675 1,288 79 21,593 190 24,612 236 1,980 2.973 426 946 20 15,757 99 21,955 198 1.860 1,354 220 1,361 107,395 113,365 Net income (expenditure) for year Fund balances brought forward 1.4.23 27,788 6,640 36.855 30,215 Fund balances carried forward 31.3.24 £ 64,643 £ 36,855
YOUNG CHELSEA BRIDGE CLUB LIMITED BALANCE SHEET AS AT 31ST MARCH 2024 Note 2024 20?3 FIXED ASSETS Taiigyible IL ssets 7.368 4,475 CURRENT ASSETS Debtor% and prepayments Cash at bank and in hand 330 72,510 1.301 52,169 72,840 53,470 CREDITORS: Amounts falling diie within one year 15,565 21.090 NET CURRENT ASSETS {LIABILITIES) 57,275 32,380 NET ASSETS (LIABILITIES) £ 64,643 £ 36,855 FUNDS Unrestricted funds 64.643 36.855 TOTAL FUNDS £ 64,643 £ 36,855 The tinanLial statements were approv¢d by the Trustees on 18 Jan 2025 Mark Lehto Tnistee
YOUNG CHELSEA BRIDGE CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 ACCOUNTING POLICIES Basis of accounting The financial statements have been prepared in accordance with Accounting and Reporting by Chcirities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102. Assets and liabilitie.% are recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note. Going Concern The Trustees have prepared the financial statements on a going concern basis as they consider that the charity will be able to meet all its liabilities over the coming 12 months. Incoming resources All income is rccognised once the charity has entitlement to the income, it is probable that the income will be received and the OUnt ol income receivable can be measured reliably. Expenditure and liabilities Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty. Tangible fixed assets and depreciation Tangible fixed assets Stilted (It cost less depreciation. Depreciation is provided at rates calculated to write off the cost les5 estimated residual value of each asset over its expected useful lif¢, as follows. Fixtures, fittings and equipment- 25Yo pcr annum on a reducing balance basis.
YOUNG CHELSEA BRIDGE CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 (continued) TANGIBLE FIXED ASSETS Fixtures Fittings & ui ment Cost At 1.4.23 Additions Disposals 8,703 4,254 At 31.3.24 12,957 Depreciation At 1.4.23 Charge for year Disposals 4,228 1.361 At 31.3.24 5,589 Net book value at 31.3.24 7,368 Net book value at 31.3.23 4,475 20 2023 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Creditors and accruals Loans Deferred income 5,587 10,884 2,745 7,461 9.978 £ 15,565 £ 21,090