Leeds Bridge Club Trust (A company limtied by guarantee) Registered Charity Number: 1161317 Company Number: 9490140 Report and Financial Statements for the year ended 31 March 2024
Leeds Bridge Club Trust Financial Statements for the year ended 31 March 2024 CONTENTS Page Report of the Trustees Independent Examiner's Report Statement of Financial Activity Balanc8 Sheet Notes on the Accounts 7-10
Leeds Bridge Club Trust Report of the Trustees for the year ended 31 March 2024 The trustees, who are also the directors of the charity, are pleased to present thelr report together with the financial statements of the charity for the year ending 31 March 2024 which are also prepared to meet the requirements for a dlrectors, r8POrt and accounts for Companies Act purposes. The charity is governed by Sts Memorandum and Articles of Association, was incorporated as a company limited by guarantee on 14 March 2015, was registered as a charity on 17 April 2015 and commenced activilies on 1 April 2015. The financial statements have been prepared in accordance with the accounting policies set out In the notes to the accounts and comply with the Charities Act 2011. the Companies Act 2006. the Memorandum and Articles of Association and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102). OBJECTIVES AND ACTIVITIES The purposes of the charlty are: The advancement of amateur sport by promoting the game of bridge for the benefit of the residents of Leeds and the surrounding area. The provision of faGilities for the learning, teaching and playing of bridge for the benefit of the residents of Leeds and the surrounding area with the object of improving conditions of life. In shaping our objectives for the perSod and plannlng our activities, the trustees have considered the Charity Commission's guidance on public benefit, including the guidance "public Benefit: running a charity (PB2)'. The strategies employed to achieve the charity's aims and objectives are to.. Encourage new players. Maintain a convivial atmosphere with a spirit of inclusivene88 encouraging all members to partlcipate in the running of the club and its events. Develop initiatives to enhance the skills of those members who wish to excel at club, Yorkshire and national events. Operate prudently and cost-effectiV81y so as to minimis8 the costs of club membership. ACHIEVEMENTS AND PERFORMANCE Membership numbers and attendance at our face-to face bridge sessions have been stable throughout the period. although both remain consider8bly lower than pre-pandemic levels, with daytime sessions continuing to prove more popular than evening sessions. Lessons have been well-attend6d, as hav8 our Stepping Stones and Improvers sessions reintroduced in February 2023 and February 2024 respectively), both intended to offer beginners a 'next level, 18aming experi8nce. Gratifyingly, a few of our more enthusiastic newer members are becoming more involved with helping to run some of the sessions, and we have managed lo recruit more helpers with other aspects of running the club. Charges for lessons and brldge sessions are In line with other similar organisations in the region and are at a level to ensure accessibility to all members of the public. Since September 2022 consistent with our charitable purposes some lessons have been organised by experienced teachers using our facilities without charge. We seek to mlnlmise the Cost of provided lessons and also run some free seminars.
Leeds Bridge Club Trust Report of the Trustees for the year ended 31 March 2024 We have encouraged all wtthin our communty to take part in our acttvities either as part of our teaching programmes or participating in our bridge sessions, both as players and as providers of voluntary administrative services to support those sessions. FINANCIAL REVIEW The charity's overall financial position is sound, with a surplus for the period of £8,884 (PY surplus of £5,402)- Income and activity levels remain below those pre COVID-19 pandemic though sufficient to cover anticipated expenses having regard to a reasonable level of conlribution to MASSC expenses. The trustees having regard to future liquidty requirements have placed available funds on interest-bearing deposlt accounts of up to 12 months duration. The charity's reserves at 31 March 2024 are £73,127 (31 March 2023.. £64,243). It is the charity's policy to maintain sufficient financial reserves to cover working capital, any future adversity and in particular for upgrading facilities. REFERENCE AND ADMINISTRATIVE DETAILS Charity name and reglstratlon number.. Leeds Bridge Club Trust 1161317 The charity carries out certain nonontractUal bridge matters under the namè Leeds Bridge Club. Company registration number.. 9490140 Principal and reglsterad offKe: Moor Allerton Sports & Social Centre, Stonegate Road, Leeds LS17 6EL Dlrectorn & Trustees: BS Friedman, J Hayward, W Holmes, TW Read, and A Selman served during the year and since the year end. In accordance with the charty's Articles of Association BS Friedman & J Hayward will retire and, being eligible, will seek re-election by members at the Annual General Meeting on 7 November 2024. Any qualifying person is eligible for election as a director and would be recommended for election by the existing directors where considered a suitable person with requisite skills to complement the existing board. Company Secretary.. TW Read Approved by order of the Board of Trustees on 2 September 2024 and signed on its behalf by ¥wf Read - Company Secretary
Leeds Bridge Club Trust (Registered charity no 1161317) Independent Examiner's Report to the Trustees on the Financial Statements for the year ended 31 March 2024 I report to the charity trustees on my examinatlon of th8 accounts of the company for the year ended 31 March 2024 which are set out on pages 5 to 10. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER As the charity trustees of the company (and also its directors for the purposes of company lawl you are responsibl8 for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the company are not required to be audited under P8rt 16 of the 2006 Act and ar8 eligible for independont examination, I report in resp8Ct of my examination of your company's accounts as carrl6d out under section 145 of the Charities Act 2011 {'the 2011 Act,). In carrying out my 8xamination I have followed the Directions given by the Charity Commission und8r section 145(5)(bl of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT I have completed my examSnation. I confimi that no matters have come lo my attentlon in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or the accounts do not accord wlth those records. or the accounts do not comply wlth the accountlng requlr8ments of s8ction 396 of the 2006 Act other than any requirement that the accounts give a Yrue and fair view, which is not a matter considered as part of an Indep@ndent ex8mination; or the accounts hav8 not been prepared In accordance With the Charitles SORP IFRS102) I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn In this report in order to enable a proper understandlng of the accounts to be r8ached. Jonathan Crossley FCA Brays Chartered Accountants, Riverview Court, Castle Gate, Wetherby, LS22 6LE Date: I b SykeMSoJ 708y
Leeds Bridge Club Trust statement of Financial Activity including Income and Expenditure Account for the year ended 31 March 2024 2024 Unrestricted fund 2023 Unrestrlcted fund Notes INCOMING RESOURCES Interest on bank deposits Yorkshire League matches Lessons Membership subscriptions Table money Other income 1,035 1,451 4,484 1,292 24,375 902 389 1570 4.082 1.361 21,524 1,566 Total incoming resources 33,539 30.492 RESOURCES EXPENDED Area hire charges & operating lease rental Brldge softw8re & equipment Bridge supplies Contrlbution to MASSC expenses Yorkshlr& League matches UM fees Teaching Other expenses 2,677 300 462 7,659 2,283 3,043 2,600 299 3,956 1,915 2,698 2,780 10,842 8,231 Total re60urces expended 25,090 NET INCOMING RESOURCES 8,884 5.402 FUND BROUGHT FORWARD AT 31 MARCH 64,243 58.841 FUND CARRIED FORWARD AT 31 MARCH 73,127 64,243 The notes on pages 7 to 10 form part of these financial statements.
Leeds Bridge Club Trust Balance Sheet as at 31 March 2024 2024 Unrestrlctsd fund 2023 Unrestricted fund Notes FIXED ASSETS Tangible assets 18,466 21,093 CURRENT ASSETS Debtors Investments Cash at bank Total current assets 404 13,223 44,706 58,333 10 33,000 39,138 72,138 LIABILITIES Creditors.. amounts falling due within 1 year 11 15,183 Net curr8nt assets 54,661 43,150 Total net assetg 73,127 FUNDS OF THE CHARITY Unrestricted funds The charitable company is entitled to exemption from audlt under Section 477 of the Companies Act 2006 for the year 8nding 31 March 2024. The members have not required the charitable company to obtain an 8udit of its financial ststements for the year ending 31 March 2024 In accordance with Section 476 of the Companies Act 2006. The trustees and directors acknowledge their responsibiliiies for: ensuring that the charltable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the stale of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance wlth the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relaling to financlal statements, so far as applicable to the charitab18 company. These financial statsments have b8en prepar8d in accordance with th8 special provlsions Df Part 15 of th8 Companies Act 2006 relatlng to small charitable companies and with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). The financlal statements were approved by the Board of Trustees on 2 September 2024 and were signed on its behalf by: T W Read. Dlr8Ctor The notes on pages 7 to 10 form part of the financial statements.
Leeds Bridge Club Trust Notes on the Accounts for the year ended 31 March 2024 1 ACCOUNTING POLICIES Basis of Accountlng The financial statements have been prepared under the historical c051 convenlion and in accordance with the Statement of Recommended Praclice 'Charities SORP (FRS 102),, appllcable accounting slandards, the Charities Act 2011 and the Companies Act 2006. Incomlng resources Income is recognised where there is entitlement, Gertainty of receipt and the amount can be measured with sufficient reliability. Investment 5ncome Is recognised on a receivable basis. Resources expended Liabilities are r8cognised as soon as there is a legal or constructive obllgatlon committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Taxatlon As a registered charity the company is generally exempt from Corporation Tax, but not VAT. Irre¢ovgrable VAT is included in the cost of the items to which it relates. Flxed ass•ts Individual fixed ass8ts are capltalised at cost and depreciated over thelr useful economlc IIv8s on a straight- line basls as follows: Teaching room Furniture and fixtures CompLSter and electronic equlpment 7.5'/. 15% Cash at bank Cash at bank Includes cash on deposit with a maturity of on6 month or less. Debtors and creditors rnceivablelpayable wlthln one year Debtors and creditors with no stated interest rate and receivable or payable within on@ year ere record8d at transaction price. Any losses arlslng from Impalrment are recognised in exp8nditur8. Unrestrlcted funds Unrestricted funds are available to spend on activities that further any of the purposes of the Gharity. LEGAL STATUS OF LEEDS BRIDGE CLUB TRUST Leeds Bridge Club Trust was incorporated in England and Wales as a private company limited by guarantee on 14 March 2015 and was registered as a charity on 17 April 2015. The charity is a public benefit entity as defined by FRS 102. All members agree to pay £1 in the event of the company winding up unless they have resigned more than 12 months previously thet0.
Leeds Bridge Club Trust Notes on the Accounts for the year ended 31 March 2024 OTHER INCOME 2024 2023 Miscellaneous Christrnas party 142 760 460 1.106 902 1,566 CONTRIBUTION TO MASSC EXPENSES Moor Allerton Sports & Social Centre (MASSC) is a separate registered charity (no 11798421 providing educational and recreational facilities for the inhabitants of Leeds Metropolitan District and surrounding area. The charity is a group member of MASSC, pays a contribution determined annually towards the exp8nses of MASSC and has the exclusive use of the bridge suit8 at the premises at Slonegate Road which it uses for its own purposes. Members of the charity also effect separate membershlp of MASSC and enjoy the gen8ral facilities they provide. OTHER EXPENSES 2024 2023 Bank charg8S Bar and refreshments Charitable & olh8r events Christmas party Computer and internet expenses Depreciatlon Independent examination Insurance MISlIaneOuS Online Tournament Director charges Online Plafform Provider charges Poslage and stationery Professional fees Repairs and maintenance 160 139 75 177 646 644 2,626 1,020 489 454 930 597 163 1.079 300 2,966 1,070 529 793 1,650 1,461 108 646 26 325 8,231 10,842 TRUSTEE REMUNERATION AND EXPENSES AND RELATED PARTY TRANSACTIONS No trustees expenses have been incurred and no truslee received remuneration or other benefit from their work with th8 charity Th8re are no related party transactions In the r8porting period that require disclosure.
Leeds Bridge Club Trust Notes on the Accounts for the year ended 31 March 2024 CORPORATION TAX The ¢harlty is 8xempt from tax on income and gains falling within section 505 if the Taxes Act 1988 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that they are applied to its charitable objects. TANGIBLE FIXED ASSETS Teaching room Furniture & fixturas Computer equipment Total COST As at 1 April 2023 26,751 7,204 4,712 38.667 Additions in perlod Disposals in period As at 31 March 2024 26,751 38,667 DEPRECIATION As at 1 Aprll 2023 7,021 5,909 17,574 Charge Sn perlod Eliminated on disposals 2,006 552 68 2,626 As at 31 March 2024 NET BOOK VALUE As at 31 March 2024 17,724 742 18,466 As at 31 M8rch 2023 68 DEBTORS 2024 2023 Prepayments and accrued Income 567 567
Leeds Bridge Club Trust Notes on the Accounts for the year ended 31 March 2024 10 INVESTMENTS Current assel investments comprise cash on deposit with a maturity of less than one year not held to meet short-term cash commitments as they fall due. 11 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Accruals and deferred InMe Membership fees in advance Duplicate sessions purchased in advance 2,474 4,600 10,403 1,748 3.215 10,220 17,477 12 CONTINGENT ASSET The charity has a mortgage over certain land at Stonegate Road referred to in note 4 above in an amount of £54,289.99 indexed by the Retail Price Index from March 2019 that is repayable in the event of a sale of the whole property or MASSC entering into receivership. The directors consider such eventuallties to be remote and no valu8 has been placed on this 8sset in the accounts. io