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 M￿k 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 T￿￿tees, 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 chi￿ltY sati%fy the requirements for thetn to b¢ conside￿d 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 signific1￿t 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 Tr￿ste¢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