The Bridge Club Aberdeen (SCIO) Annual Report and Accounts 31 August 2024 Scottish Charity Number SC048843 The Bridge Club Aberdeen (SCIO) Annual Report and Accounts for the year ended 31 August 2024 Trustee Report The Trustees present their Annual Report together with the finano'al statements for the year ended 31 August 2024. REFERENCE AND ADMINISTRATIVE DEfAILS Scottish tharlty Number SC048843 Charity Address 14 Rubislaw Terace, Aberdeen ABIO IXE The Trustees p￿SIdent A￿)cAnted 8th DecemtEr 2024 Treasurer Resigned 8th December 2024 Pfftsident (resigned) Appunted REAgned 8th January 2024 8th December 2024 President (￿gnetI) Resigned 10th December 2023 Secretary Treasurer Appointed 8th DeceM1￿r 2024 Appolnted 8th January 2024 Appointed 8th January 2024 Appointed 16th June 2024 Pwje 1 The Bridge Club Aberdeen (SCIO) Annual Report and Accounts for the year ended 31 August 2024 Inde endent Examiner Bankerg Bank of Scotland Queens Cross 38 Albyn Place Aberdeen ABIO IYN Solicitors E*urnett & Reld 15 Golden Square Aberd￿n ABIO IWF Pa9e 2 The Bridge Club Aberdeen (SCIO) Annual Report and Accounts for the year ended 31 August 2024 srRUCTURE, GOVERNANCE AND MANAGEMENT The Bridge aub Aberdeen (SCIO) wa5 incorporated as a Scottish Charitable Incorporated Association on 14 November 2018. Prior to thls date the unincorporated association was not a registered charity. The principal govemance document of the SCIO is its constitution. The structure of the organisation consists of: The Members- who have a right to attend members. meetings including any Annual General Meetings and have important powers under the Constitution; In particular, the members appolnt people to Serve on the Board and take decisions on thanges to the Constitution itself. The Board - who hold regular meetings, and generally control the attlvities of the organlsation- for example, the Board is responsible for monitoring and controlling the financial position of the organi5ation. RECRurrMENT OF TRUSTEES TnJstees are recnjited from amongst the membership and are elected at the Annual General Meeting. The Board may appoint additional Trustees to the board, outwith the AGM in accordance with the constitution. OBJEcfIvES AND AcriYrriES Charitable Purposes The Bridge Club was founded in 1933 as an unincorporated association and now, as a charity, has similar objectives as at the foundation, namely to promote and organlse recreational facilities for the public which relate to the promotion, leaming, teaching and playing of bridge in the interest of social welfa￿. The Bridge Club Aberdeen SCIO has further objectives to encourage junior players between the ages of 10 and 25 to take up the game. To encourdge full use of the premlses, clubs promoting additional mind sports are pennltted. Pag8 3 The Bridge Club Aberdeen (SCIO) Annual Report and Accounts for the year ended 31 August 2024/contd Actlvities The learner5 of today are the members of tomorrow so throughout 2024 the Board has continued to encourage new entrants to the world of bridge by providing lessons to adult learners. This is proving to be a successful strategy with membership number5 continuing to grow as a result. In addition to our established face to tsce sessions, we have provided further opportunities to play face to face bridge to meet the needs of our membership. The Club participated in the Open Doors event, and the Chess and Scrabble clubs use our facilities on a weekly basis, ftjrthering our aim of maklng the Club a ￿ntre within the city for the promotion of "Mind Games.. PROJECTS The Board has continued to ￿VIeW Prnctl￿ and procedures viithln the organi5ation to ensure that the SCIO meets the legal obligatrons of a charity. FINANCIAL REVIEW As a club, we rely on members participating in the variou5 tournaments and artlvities h05ted both within the club and online, for our income. Membership number5 are now fairly stable and as can be seen from the accounts, membership fees and tables monies are consistent with the previou5 12 months. In addition to incorne from members. the dub leases surplus Spa￿ to commerclal tenants and to other clubs who have an interest in traditional games, such as chess and scrdbble. It Is due to the income generated by these tenants that the dub is in a position to report a surplus for this year. The Board is conscious that the dub operates from an old building and that we need to be mindful of maintaining the building and keeping it In good order. During the year, we invested in new carpeting and carried out repair5 In the basement. The Board also approved the purchase of a new laptop which has been treated as a fixed asset. Page 4 The Bridge Club Aberdeen (SCIO) Annual Report and Accounts for the year ended 31 August 2024/contd RESERVES Reserve5 are the funds whith a￿ available to spend in furtherance of the club's purpose. Having rese￿e5 allows the dub to manage fvture uncertainties in income, costs or other unforeseen events; to fund planned initiatives or projerts: and to ensure the club can continue operating in the long term. Unrestrirted funds can be used in accordan￿ with the charitable objertlves, at the di$￿tIOn of the Trustees. Designated funds are unrestricted funds whith the Trustees have decided, at their discretlon, to set aside for a speofic purpose. Restricted funds can only be used for specific restdcted purposes within the objects of the club. Restrictions arise when specified by donors or where funds are raised for a specific purpose. At the year end all reserves were unrestrirted. The Trustees endeavour to retaln unrestricted reserves at least sufficient to cover ongoing expenditure for one year and consider that the year end balance satisfies this policy. PLANS FOR FLrfuRE PERIODS The Board will continue to encourage new and existing members to retum to the club for a blended offering of face to frdce and online tournaments. Lessons for beginners will contlnue to be offered and a programme of mentoring for Improvers will be developed over the coming months. Page 5 The Bridge Club Aberdeen ISCIO) Annual Report and Accounts for the year ended 31 August 2024 Icontd In thé meantlme, with a positive number of rnembers retumlng to the club and various initiatives planned for the coming year. we can look forward to an excellent year of brtdge and achieving our alms of promoting the game and providlng a soclal space for our own members other organlsation& Approved by the Trustees and signed on their behalf by.. Page 6 The Brldge Club Aberdeen SCIO Year ended 31 August 2024 Receipts and Payments Account Year ended Year ended 31 August 31 August 2024 2023 Note Receipts Bank interest Bar sales Class fees recelved Rent recelved Subscrlptlons Sundry Income Table monle5 Total receipts from charitable activities 842 494 2,525 20,810 4,398 565 656 1,415 20,525 4,232 40 21,338 48,771 21,206 50,275 Payments - Property expenses Cleanlng Malntenance Rates and Insurance utilltles 4,141 5,224 3,963 8,477 4,024 2,028 5,784 4,538 16,374 Payments - others Bank charges Bar / coffee bar expenses Equlpment, fixtures, repalrs and renewals Legal and professional Independent revlew Office expenses Office bearers fees SBU Sundries Telephone Tutors fees 367 2,399 7,104 308 2,047 6,082 720 275 619 305 617 6,500 2,658 742 486 2,184 1,293 36 1,020 14,584 21,178 Page 7 The Bridge Club Aberdeen SCIO Year ended 31 August 2024 Recelpts and Payments Account (cont) Year ended Year ended 31 August 31 August 2024 2023 Total payments from charitable activities 42,983 30,958 Surplus/(deficit) for the period before cost of fixed assets 7,292 17,813 Purchase of flxed assets 549 4,753 Surplus/(deflclt) for the perlod after cost of fixed assets 6,743 13,060 Page 8 The Bridge Club Aberdeen SCIO Year ended 31 August 2024 Statement of Balances at 31 August 2024 Notes Year endedl ￿ear ende 31.8.24 31.8.23 Funds reconciliation Surp5us carried forward Surplu5 for the period 173,141 6.743 160,081 13,060 Closing balance 179,884 173,141 represented by:" Bank account Cash balances Building Society account 74.808 76 105,000 68,065 76 105,000 179,884 173,141 All of the above relate to unrestricted fijnds Other assets - unrestrirted Property at cost Equipment Stock Debtors 4.000 5,645 304 6,121 4,000 4,753 374 626 other liabilities- unrestricted Creditors 2,174 7,500 Approved by the Trustees and signed on their behalf by :_ l(c-L Date P4e9 The Bridge Club Aberdeen (SCIO) Year ended 31 August 2024 NOTES TO THE AccouKrs Basi$ of Accountlng The accounts have been prepared on the Receipts and payments basis In accordance with the Charities and Trustee Investrnent (Scotland) Act 2005 and the Charitles Accounts (Scotland) Regulations 2006 (as amended). Tangible Fixed Assets Flxtures, fittings and equipment indude items of negligible value, gifted to the club on its conversion to a charity and other assets purchased Sin￿ that date. The heritable property of the old bridge dub, with an original cost of £4,000. was gifted to the SCIO on 15 September 2019. Stock at 31 August 2024 31.08.24 31.08.23 Bar Stock 304 374 Masterpoints in hand 22p each 15 Total Stock 319 374 Debtors at 31 August 2024 31.08.24 31.08.23 Sundry debtors 626 Creditors at 31 August 2024 31.08.24 31.08.23 Sundry creditor5 Page 10 The Bridge Club Aberdeen (SCIO) Year ended 31 August 2024 NOTES TO THE ACCOUNTS (continued) Transactions with Trustee* and connected per•on• In common with many organlsatlons of a charftable natu￿, the club benefits from the contrlbutlons made by Trustees who give thelr tlme on a voluntary basls. Payments were made to ￿rtain members of the Board for thelr professlonal services: No Trustee recelved Honorarlum payments for seNlces during the year. During the year payments totalllng £6,000 were made to Trustees who were also offl￿ holders, for services provided to the club. A further payment of £nil was made to one Trustee for tutor fees (2023 - £1,020). The payments made in the year to 31 August 2024 covered servlces provided for 2023 and 2024. Payments totalling £0 were paid to one trustee for Joinery seNices. (2023 - £3201 Page11 Independent Eiaminer's Report to tb¢ Trust¢u of Thc Bridg¢ Club Aberdeen (SCIO) I report on the accounts of the ¢harity for the year ended 31 August 2024 which arc sel out on pages7to I l. Respe¢tiv¢ ￿pOnsibIlitieS of truslees and examiner The charity's t￿￿1¢(￿ are responsible for the preparation of the accounts in aw)rdance with the tcrrns of the Charities and Tr￿stee Investment (Scottand) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (&8 amended). The charity trU￿¢¢S consider thal the audtt requirement r)f Regu121ion 10(1 ) (d) of the 2n06 Accnunts Regulations does noi apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whcthcr particular matters have com¢ io m) attention. Bgsig of independent txsmintr S statement My examinalion is carried out in accordance with Regulation I l of the Charities A¢counls (Sc()tland) Re8ulaiions 2(K)6. An examin8lion includes a review of the accounting records kept by the charity and a cornprison of the accounts presented wilh those records. It also incliides considcmtion of ony unusual itents or disclosurcs in the acwunts, 2nd seeks explanalions from thL Lrus1¢¢s LVIILcrIiiIi¥ aIiy SULII Illi*tlLrs. -Ily¢ pr￿¢Ju[c3 undcrtakeii do not providc all Ihc ¢videncc Ihal would bc rcquired in an audit, and cO￿equcntIY I do noi ¢xpre55 an aullil upinion on the view given by tk accounts. IDdependenl ex8mlner's statemeDt In the course of my cxamination, no mattcr has cornc to my attention which gives me reasonable cause to believe that in any material respect the requiTernents: to keep a¢¢ounting rccord8 in accordance with Section 44(1) (a) of the 2005 Act and R¢gul¢iliun 4 vf thc 2006 Aiwunis. Regulalioiis. aiid to prepare accounts ￿h1¢h accord Mith the accounting records 8Dd cornply with R¢gulation 9 ot'the 2006 Accounts Regulations have not been rnet. or 2. to whicli, in my Opinio￿ attcntion Jhould be in ordcr to cnablc a prop¢r unde￿landing ()f ihe aLLvunls Ic) bL' rLdLh¢d. Date: