YOUNG CHELSEA BRIDGE CLUB LIMITED Charity number 1158813 TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
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 Brian Callaghan David Muller Chris Duckworth Heather Hanbury Mk Lchto Ryan Stephenson Charity number 1158813 Company number 08355212 Registered OITice and Principal Address 21, Dalling Road, London, W6 OJD Bankers Metm Bank plc 77, St. P¢ters Street. St. Albans, Herts, ALI 3ED Independent examiners Stuart DunsL2n & Co., 105, Oak Hill, Woodford Green. Essex, IG8 9PF
YOUNG CHELSEA BRIDGE CLUB LIMITED Ttees, Report For The Year Ended 31st March 2025 Strncture governance and management The charity is a company and is governed by its memorandum and articles of association. The Trustees 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 residents 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 and the surrounding area with the object ol improving conditions of life. The objectives are achieved by providing a venue for the playing of bridge both for metnbers and 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 satisfied that the activitieg of the chiltY sati%fy the requirements for thetn to b¢ consided in the public benefit. Financial Review Gross income fell to £117,137 (2024: £135,183) due to the reduction in income received from the Hire of Premises. However, this was mitigated by a £5,800 increase from Donations Beque8t8. Expenditure rose by £8,100 due to a signific1t increase in staff costs and card room expenses. The net elfect ol this resulted in net income for the year falling to £1.640 from £27.788 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 2025 Reserves Policy The Trustees consider that the appropriate level of reserves that the club should carry are reserves that maintain a level of funds to deal with short terni fluctuations in c&sh flow and to enable continuity of activities in the event of an unexpected large variation of incorne. Trustees, Responsibilities Statement The Trste¢s are responsible for preparing the Trustees. report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the Trustees to prepare financial statements 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 preparing these financial statements. the Trustees are required to: select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP; make judgments and accounting estirnates that are reasonable and prudent. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking re&80nable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the COTpofdte and financial inforniation included on the charity's website. In so far as the Trustees are aware at the time of approving our Trustees, annual report". there is no relevant inforniation, being inforniation needed by the independent examiner in connection of preparing his report. of which the examiner is unaware, and the Tnjstees. having made enquiries of fellow Trustees and the examiner that they ought to have individually taken, have each taken all steps that helshe is obliged to take as a Trustee in order to make themselves aware of any relevant infornlation and to estsblish that the examiner is aware of that infonnation. 7 Ml Lar By order of the board of Trustees Mark Lehto - Trustee
YOUNG CHELSEA BRIDGE CLUB LIMITED Independent Examiner's Report For The Year Ended 31st March 2025 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 2025 which are 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 Charities Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the full¢st extent permitted by law, I do not accept or as.sume responsibility to anyone other than the charity and the charity's Trustees as a 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 under section 144{2) of the Ch<Wities Act 2011 (the Act) <ind that an independent examiniltion 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 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 (Ind 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 expldndtion% 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 finCIal statements present a 'true and fair view, and the report is limited to those matters set out in the statement below.
YOUNG CHELSEA BRIDGE CLUB LIMITED Independent Examiner's Report (continued) For The Year Ended 31st March 2025 Independent Examiner's Statement In connection with my examination, no matter has 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 prepare financial statetnents which accord with the accounting records and comply with the accounting requirements of the Act have not becn tnet. or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial stateTnents to be reached. Stuart Dunstan FCA, Stuart Dunstan & Co., Chartered Accountants, 105, Oak Hill, Woodford Green, Essex, IG8 9PF.
YOUNG CHELSEA BIUDGE CLUB LIMITED STATEMENT OF FINANCIAL ACTIVITIES (including summary income and expenditure account) FOR THE YEAR ENDED 31ST MARCH 2025 2025 2024 Income from: Membership subscriptions Table money and online play Tuition fees Other 0ratIng income Hire of premises 13.275 57,663 6,350 250 30,(XK) 15,058 52,984 6,224 314 56,759 107,538 8,942 657 131,339 3,144 700 Donations and bequests Interest receivable Gift aid claims 117,137 135,183 Less: Expenses Rent and r¢ltes Light and heat Telephone Insurance and service charges Repairs and maintenance Advertising Wages and NIC Employee pension contributions Card room expenses and competition fees Legal and professÉonal Accountancy and bookkecping fees Sundry ¢xpenses Bank charges Depreciation 46.178 6.448 1,623 7,636 388 46,697 6,481 1.353 7,896 2.144 20 15,757 99 21,955 198 1,860 1,354 220 1,361 19,624 26,518 306 2,178 2.224 762 1.171 115.497 107,395 Net income (expenditure) for year 1,640 27,788 Fund balances brought forward 1.4.24 64,643 36,855 Fund balances carried forward 31.3.25 £ 66,283 £ 64,643
YOUNG CHELSEA BRIDGE CLUB LIMITED BALANCE SHEET AS AT 31ST MARCH 2025 Note 2025 2024 FIXED ASSETS Tangible assets 6,197 7,368 CURRENT ASSETS Debtors and prepayments Cash at bank and in hand 330 72,510 69.314 69,314 72,840 CREDITORS: ikniounts falling due within one year 9.228 15,565 NET CURRENf ASSETS (LIABILrrIES) 60,086 57,275 NET ASSETS (LIABILTfIES) £ 66283 £ 64,643 FUNDS Unrestricted funds 66,283 64,643 TOTAL FUNDS £ 66283 £ 64,643 The financial statements were approved by the Tntstees on GtL<J LL Nl Lar Mark Lehto Trustee
YOUNG CHELSEA BRIDGE CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 ACCOUNTING POLICIES Basis of accounting The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102. Assets and liabilities 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 recognised once the charity has entitlement to the income. it is probable that the income will be received and the amount of income receivable can be measured reli<ibly. 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 are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows. Fixtures, fittings and equipment - 25% per annum on a reducing balance basis.
YOUNG CHELSEA BRIDGE CLUB LIMITED NOTKS TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 (continued) TANGIBLE FIXED ASSETS Fixtures Fittings & ui Cost At 1.4.24 Additions Disposals 12,957 At 31.3.25 12,957 Depreciation At 1.4.24 Charge for year Disposals 5,589 1,171 At 31.3.25 6,760 Net book value at 31.3.25 6,197 Net book value at 31.3.24 7,368 2025 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Creditors and accruals Deferred income 1,922 7,306 5,587 9,978 £ 9,228 £ 15,565