## **COUNTY BRIDGE CLUB (CIO) ANNUAL REPORT April 2022 – March 2023** ## Registered Charity: 1179979 ## **Chairman’s report June 2023** : ## Summary Our charitable objec;ve is to further the playing of the game of bridge. To this end we con;nue to offer lessons for beginners, intermediate and advance levels on a Tuesday evening, we are planning to extend this to day;me classes as well for the next teaching year. We offer bursaries for those unable to cover the modest cost which is significantly lower than any commercial bridge teaching courses. We offer three face to face sessions per week at our premises at St Oswald drive and one online BBO based session for those unable to get to the Club. We host league matches for mul;ple local clubs and our own compe;;ons. We host may LCBA events on behalf of the County associa;on. We like all other bridge clubs have noted a fall in aLendance across all sessions and all Clubs. We have therefore offered support to other local clubs in the use of premises, and equipment to ensure where possible the game of bridge thrives across the county. ## Club News suffer unduly, but bridge aLendances have not returned to pre-Covid levels. As an example, Friday aSernoon duplicate was running at about 15 tables - now it is nearer 11. Many bridge clubs have struggled to recover, and some have closed. We were on course to get the club back onto a firm financial foo;ng and then we were hit by the effects of Russia’s invasion of Ukraine and more recently by other effects on world economies. This has leS our investment porWolio currently down and the cost of our electricity and food is at an all-;me high and the Club is now loss making. Since Covid we started running our social bridge with lunch on Thursday’s. This is now one of our best aLended sessions managed by social secretary Kate Boulter. When Paul Bowyer aLended there was a lot of apprehension from the players but now, he is welcomed by all and his help is frequently called for. Thanks Paul – keep coming. In March one of our Honorary Life members, Richard Smith, died in hospital aSer a very short illness. Later this year, Saturday 30 September 2023, we will be holding the Richard Smith Memorial Charity event at St Oswald, in recogni;on of his huge contribu;on to the club. All the profits will go to his nominated charity, Versus Arthri;s. Richard was an important member of the Finance group and did most of the work in seang up our accoun;ng system, Sage. Anthea Byrne and Peter AbleL have had a few weeks geang to understand the accoun;ng system Sage – I am told all is under control. Richard was also our webmaster, now replaced by me, and Jackie Dean has agreed to be trained as deputy. Bridge Club. ## **Finance:** Financial statement for the year ending 31 March 2023 shows an opera;ng loss plus a write down in the value of our investments. As the investments are a long term item, we intend to hold them for mul;ple years and trust they will recover this loss in value. Revenue has risen by 50% primarily due to charging members subscrip;ons now we are open again and table money being almost double the previous year, we also had event income as the club recommenced its social calendar. £4000, a £4000 increase in electricity costs the return of weekly cleaning now we are open again and the return of business rates. lever of charging for subscrip;ons and table money will be held for the next year while we wait and see what happens to energy prices. Work will go one to automate the hea;ng and hot water and reduce consump;on where possible. A evalua;on of solar panels will be undertaken but current opera;on hours and our volunteer commiLee will take ;me to evaluate our nest move given the costs of running the building. Charity dona;ons by CBC for the year ending 31 March 2023: £200 for Ukraine a late dona;on and £50 to Cope Children Trust ## Charges: - Membership £20 pa unchanged - Table money £4pp unchanged - Visitor table money £6pp unchanged (not on Monday) - Social bridge with lunch has increased to £6pp for members and £8pp for visitors - Rental charges for the club premises to remain unchanged - Suggested increases to teaching and to BBO charges are presented as resolu;ons to this AGM ## **The Trustees members on 31 March 2023** |Ian Walkerdine|Chair/trustee| |---|---| |Anthea Byrne|Treasurer/trustee| |Isabel Crump|Secretary/trustee| |Charles Gurr|Trustee| |---|---| |Simon Stokes|Trustee| |Peter AbleL|Trustee| **Co-opted commiNee members between 1 April 2022 – 31 Mar 2023** Philip Oldknow: Premises/health and safety officer Jackie Dean: Marke;ng/tournament subcommiLee Kate Boulter: Remains as social secretary The Trustees and co-opted commiLee members meet at least once every two months ## **ResignaQon** Alastair Lennox: Tournament director, Trustee and Honorary Life member Oct 2022 ## **Membership Report** : Membership numbers at last year’s AGM were recorded as 189 32 new members have been recruited over 2022/2023 with a loss of 18 members during the year. Current membership figure is at 203 following the latest acceptance of new members Thursday’s Social bridge has largely been responsible for the success in recrui;ng new members ## **Teaching Report:** Year 1 has had 4 students engaged in the teaching program and it is an;cipated that they should mostly progress to year 2 in the Autumn. Lyn Hilton has taken the class Year 2 has been well subscribed with ex year 1 students and some who have taken a refresher year 2 program. From a start comprising 15 students some have fallen away to reveal a nucleus of 10+ students taught by Simon Stokes Year 3 has grown from last Autumn and boasts currently 9 members tutored by Steve Wright The teaching program has been supported during the year by Paul Bowyer, Peter Halford, Charles Gurr, Tom Lindop, Judy Hill, Stephen Foster, Anne Wright, Lucy Pathan, Anne Morris, Ian Walkerdine (covering teacher absences) and the late Richard Smith. Seven students took part in the LCBA Mercury event from County bridge Club This year has been disappoin;ng in terms of numbers. A more concerted adver;sing campaign is being planned this summer to try and increase student numbers. We are also in the process of modernising the club’s teaching website. But let us all con;nue to take every opportunity to promote the club’s student programme informing friends and rela;ves of the benefits of this wonderful game ## **Almoner:** It is with great sadness I report on the following members who passed away over the last year: David Pollard, Joanna Tuppen, George Pohl, Richard Smith, Krystyna Krzeczkowska ## **Premises:** Our premises and grounds require regular maintenance. A small group of dedicated members deal with everything from replacing sink plugs to solving leaks and replacing double glazed units. They also keep our grounds ;dy, mow the grass, sweep up, aLend to plan;ng and safety in and around our building. Big premises, big job. We are always on the lookout for helpers Ian Walkerdine and A P Byrne COUNTY BRIDGE CLUB Registered Charity 1179979 Financial Statements For the year ended 31 March 2023 ## COUNTY BRIDGE CLUB ACCOUNTS - Page 1 Statement of Financial Activities For the year ended 31 March 2023 |INCOME
£
£
£
£
Subscriptions
3,068
22
Table rents
10,913
6,059
Room lettings
1,479
1,045
Social Bridge and Lunch
4,983
57
Teaching
4,577
5,420
Donations
212
1,743
Events
1,192
0
Sundry Income
263
0
Dividends and interest received
2,252
2,551
Grants note(1(e))
0
16,786
28,939
33,683
Total Income
2022/2023
2021/2022|INCOME
£
£
£
£
Subscriptions
3,068
22
Table rents
10,913
6,059
Room lettings
1,479
1,045
Social Bridge and Lunch
4,983
57
Teaching
4,577
5,420
Donations
212
1,743
Events
1,192
0
Sundry Income
263
0
Dividends and interest received
2,252
2,551
Grants note(1(e))
0
16,786
28,939
33,683
Total Income
2022/2023
2021/2022| |---|---| |Total Income|33,683| The notes on pages 5 to 8 form part of these financial statements. ## COUNTY BRIDGE CLUB ACCOUNTS - Page 2 Statement of Financial Activities For the year ended 31 March 2023 ||2022/2023|2022/2023|2021/2022|2021/2022| |---|---|---|---|---| |EXPENDITURE|£|£|£|£| |Direct costs||||| |Catering|4,985||251|| |Teaching|1,933|6,918|5,210|5,461| |St Oswald costs||||| |Business rates||1,164||547| |Water||2,203||2,008| |Electricity|5,676||2,238|| |Gas|1,102|6,778|891|3,129| |Insurance||2,768||2,880| |Repairs||1,827||1,303| |Cleaning||3,614||1,819| |Telephone and broadband||260||293| |Health and Safety||111||2,187| |Depreciation - Freehold property||3,512||3,512| |Depreciation - Fixtures, fittings and equipment||6,613||6,613| |Value of club usage charged to teaching account||0||(2,632)| |||28,850||21,659| |Bridge expenses||||| |Tea , coffee etc||967||261| |Promotion expenses||0||64| |Competition prizes and expenses||288||668| |Almoner's expenses||20||14| |Bridge consumables||577||891| |Team costs||0||40| |Sundry expenses||229||71| |Donations||250||1,263| |Bridge equipment expenses||895||480| |||3,226||3,752| The notes on pages 5 to 8 form part of these financial statements. ## COUNTY BRIDGE CLUB ACCOUNTS - Page 3 Statement of Financial Activities For the year ended 31 March 2023 |EXPENDITURE (cont')
£
£
£
£
Finance & Administration
Independent examiner fees
355
10
ICO Data Protection fee
0
35
Printing, postage & stationery
232
224
Investment costs
1,945
2,395
Annual General meeting expenses
529
144
Bank charges
103
28
VAT Prior Year
3,742
6,906
2,836
45,900
33,708
(16,964)
(25)
(18,572)
(8,419)
(35,533)
(8,444)
Allocation
Teaching reserve (note 2(c))
0
210
Accumulated reserves
(35,533)
(8,654)
(35,533)
(8,444)
(Deficit) / Surplus for the year
Total expenditure
Net losses on investments (note 2(e))
2022/2023
2021/2022
Deficit of Income over Expenditure|EXPENDITURE (cont')
£
£
£
£
Finance & Administration
Independent examiner fees
355
10
ICO Data Protection fee
0
35
Printing, postage & stationery
232
224
Investment costs
1,945
2,395
Annual General meeting expenses
529
144
Bank charges
103
28
VAT Prior Year
3,742
6,906
2,836
45,900
33,708
(16,964)
(25)
(18,572)
(8,419)
(35,533)
(8,444)
Allocation
Teaching reserve (note 2(c))
0
210
Accumulated reserves
(35,533)
(8,654)
(35,533)
(8,444)
(Deficit) / Surplus for the year
Total expenditure
Net losses on investments (note 2(e))
2022/2023
2021/2022
Deficit of Income over Expenditure| |---|---| ||2,836| ||| |Total expenditure|33,708| ||(25)| |Deficit of Income over Expenditure|| ||(8,419)
(8,444)| |Net losses on investments (note 2(e))|| ||| |(Deficit) / Surplus for the year|| |Allocation
Teaching reserve (note 2(c))
Accumulated reserves|210
(8,654)| ||(8,444)| The notes on pages 5 to 8 form part of these financial statements. ## COUNTY BRIDGE CLUB ACCOUNTS - Page 4 Balance Sheet As At 31 March 2023 ||367,134
377,259
241,719
261,333
6,617
5,187
27,158
32,848
33,775
38,035
3,340
2,946
1,140
4,480
2,946
29,295
35,089
638,148
673,681
672,108
680,762
(35,533)
(8,654)
636,575
672,108
1,573
1,573
638,148
673,681
31 March 2023
31 March 2022| |---|---| |FIXED ASSETS|| |Tangible fixed assets (note 2(b))|| |INVESTMENTS (note 2(e))|| ||| |CURRENT ASSETS|| |Debtors and prepayments
Bank balances|| ||33,775| |CURRENT LIABILITIES|3,340
1,140| |Creditors and accruals
VAT|| ||4,480| |NET CURRENT (LIABILITIES) / ASSETS|| |TOTAL NET ASSETS|| |UNRESTRICTED CHARITY FUNDS|| |Non-designated funds
Balance at 1 April 2022
(Deficit) / Surplus for the period
Designated funds
Teaching reserve (note 2(c))|| The financial statements were approved by the trustees on 3rd June 2023 and signed on their behalf by: Anthea Byrne Treasurer Ian Walkerdine Chairman The notes on pages 5 to 8 form part of these financial statements. ## COUNTY BRIDGE CLUB ACCOUNTS - Page 5 Notes To The Accounts ## 1.Accounting Policies ## (a) Basis of preparation of financial statements The financial statements have been prepared under the historical cost convention with items recognised at cost or transactional value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice. : Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Effective 1 January 2019) - (Charities SORP (FRS 102)) and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. County Bridge Club constitutes a public benefit entry as defined by FRS 102. The functional currency of the charity is Sterling (£). ## (b) Fund accounting General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. ## (c) Income 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 reliably. Grant income is included on a received basis. Our income from subscriptions is collected in a three month period at the start of the year. Subscriptions, table money and competition income is collected electronically through the Bridegewebs Attendance Module. We hire out our premises to other bridge clubs and associations who pay monthly in arrears. Income tax recoverable in relation to donations under Gift Aid or deeds of covenant is recognised at h f h d ## (d) Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. All expenses are allocated to the period in which they relate. Accruals and prepayments are calculated for all categories of expenditure. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a committment , but not accrued as expenditue. ## COUNTY BRIDGE CLUB ACCOUNTS - Page 6 Notes To The Accounts ## (e) Going Concern During the previous two years the Club has had to close for periods of time due to the COVID-19 lockdown. The Trustees of the Club are happy that the Club has sufficient financial reserves to sustain further prolonged periods where the club has to close due to this situation with COVID-19. Therefore the trustees have prepared the financial statements on the basis that the charity is a going concern. During the financial year the charity did not receive any grants from the Government to cover the loss of income during the shutdown due to COVID-19. (2022 - £16,786). ## (f) Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank. ## (g) Capital Expenditure During the year the Club focused on restarting the Club sessions of duplicate bridge therefore no further improvements to the Club have been made. There were no capital commitments at the end of the year ## (h) Depreciation Land and buildings relating to the original St Oswald's purchase price of £275,000 are not depreciated by the Charity. Additions to land and buildings over the original price are being depreciated over 25 years on a straight line basis. Fixtures and fitting are being depreciated over five years on a straight line basis. ## (i) Investments Investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Net Gains/(Losses) on investments’ in the Statement of financial activities. ## (j) Debtors Debtors are recognsed at the settlement amount after any discount offered. ## (k) Cash at Bank Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. ## COUNTY BRIDGE CLUB ACCOUNTS - Page 7 Notes To The Accounts ## 2. Notes ## (a) Financial Controls The Trustees of the Charity have reviewed the internal controls of the Finance Team and are satisfied that sufficient reporting is completed during the year in a timely manner, and that where possible appropriate segregation of duties is in place with oversight on both income recording and expense authorisation. With a small volunteer staff the Trustees accept that internal controls are limited due to the number of people with authorisation. ## (b) Fixed Assets |(b) Fixed Assets|| |---|---| |Cost
As at 1 April 2022
Additions (note 1(g))
As at 31 March 2023
Depreciation
As at 1 April 2022
Charge for the year (note 1(h))
As at 31 March 2023
Net book value 31 March 2023
Net book value 31 March 2022|Freehold
Fixtures
Property
and
Total St Oswald
Fittings
£
£
£
395,869
362,807
33,062
0
0
0| ||395,869
362,807
33,062| ||18,610
6,433
12,177
10,125
3,512
6,613| ||28,735
9,945
18,790| ||367,134
352,862
14,272| ||377,259
356,374
20,885| ## (c) Teaching Reserve The charity has set up a separate account to hold the surplus income generated by the teaching activities of the Club. This reserve is to be used to fund expansion in the teaching provision at the Club in future years. The Trustees are confident that teaching can be funded from normal activities and will no longer be setting the teaching reserve aside and plan to spend the balance in the next 12 |Balance as at 1 April 2022
Used in the Year
Balance as at 31 March 2023|£
1,573
0| |---|---| ||1,573| ## COUNTY BRIDGE CLUB ACCOUNTS - Page 8 Notes To The Accounts ## (d) Payments to trustees and employees No trustees, who are the key managament personnel or persons with a family or business connection with a trustee, received remuneration in the year, directly or indirectly , from the charity (2022 - none). No expenses were reimbursed to the trustees during the year (2022 - none). There were no employees of the charity during the year (2022 - none). ## (e) Investments The Trustees continue to invest surplus funds with Brewin Dolphin as a long term investment in a medium risk portfolio. The Trustees are happy that the investment performance is monitored quarterly by the investment committee who report to the full committee. The Trustees are confident that the funds which are invested are not needed for current activities and are expected to be a long term ten year plus investment. The Trustees understand investments can go up and down in value in line with the capital markets but historically show a multi year positive trend. The accounts show an unrealised loss in investment value following global market trends. As this is a long term investment the Trustees are happy to leave the investments to recover the value. ||Listed Investments| |---|---| ||£| |As at 31 March 2022 at valuation|261,333| |Disposals at cost|(1,042)| |Net unrealised losses|(18,572)| |As at 31 March 2023 at valuation|241,719| |Net losses on investments during the year|| |Net realised losses|(5,892)| |Net unrealised losses|(12,680)| ||(18,572)| ## (f) Post Balance Sheet Events There have been no significant Post Balance Sheet events. ## (g) Related party transactions There were no related party transactions during the year. ## (h) VAT Prior Year Adjustments Following a VAT Tribunal Ruling on VAT on Teaching Courses the Trustees have reviewed the status of the exempt VAT rated teaching invoicing and have retrospectively accounted for VAT on all teaching revenue since the Club registered for VAT. In addition an exercise was undertaken to review the Partial Exemption rules and a further adjustment of VAT payable to HMRC has been made. This totalled £3742 in the year (2022 none) Ireland6tompany Chartered Accountant5 Independent Examiner's Report to the Trustees of County Bridge Club I report to the charity trustees on my examination of th8 accounts of the charity for the year ended 31 March 2023. Responsibilities and basis of report As the chaiity's trustees you are responsible for the preparati￿ of the accounts ￿ accordan￿ with the requirements ofthe ChaTities Art 2011 Ilhe Act,). I report in respect of my examination of the chanty's aCc￿nts carried OLrt under sedion 145 of the Act and in carrying out my examination I have followed all the applicable Dtrections gwen by the Charity Commission under section 145151(b) of the Act. Independent examinerfs statement I have completed my examination. I confirTn that no material matters have come to my attention in nnecbon with the eXaMinat￿n giving me cause to believe that in any Male￿al respect: arxounting reGords were Tr)t kept in respect ofthe chanty as required by section 130 of the t., or 2. the accounts do not accord wth those records., or 3. the accoLFnts do not compty with the applicablè requirements cOn￿rnIng the fami and content of accounts set out in the Charities (Accounts and Reports) Regulations 2CKI8 other than any requirement that the accounts give a 'true and fair vEw' which is not a matter consider￿1 as part of an independent examination. I have no Con￿mS and have come across no other matters in connection wth the examination to which attention shoukl IE drawm in this report in order to enable a proper ￿NIe[Sk￿lir￿ of the accounts to be reached. Pfrtsr Anderson Ireland & Company 15106r2023 ICAEW CHARTERED CCOUFI7ANTS l O St84tlon Stfeet. Kibwoith Beauchamp. LeicesteT LE8 OLN Tel:1011612793704 Fax'.1011612792934 www.irelandand£ompany.co.uk Dlrectors.. JoanneThornton FMAAT Jamesw Ireland &A., F.CA. fte¥steMd1nEr¥J￿￿d andWa￿s￿l0￿95473o.I￿LIndd￿dc*n￿1a￿￿It1IdI￿j￿a[nÈO￿I￿￿1a￿andco￿PanyLI￿itEd.