DocuSign Envelope ID: 334AEAB6-39F8-4E44-9A12-3F4F8F60AB5F
Charity Registration No. 1087986
Company Registration No. 04240029 (England and Wales)
STUDENTS RUGBY FOOTBALL UNION
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
DocuSign Envelope ID: 334AEAB6-39F8-4E44-9A12-3F4F8F60AB5F
STUDENTS RUGBY FOOTBALL UNION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees R Reeves S A Wade P Attwell P Mooney P Craig P De Glanville M Hyndman Mr R Scully Secretary P Craig Charity number 1087986 Company number 04240029 Registered office 46 Westville Oval Harrogate North Yorkshire HG1 3JW Auditor Bache Brown & Co Limited Swinford House Albion Street Brierley Hill West Midlands DY5 3EE
DocuSign Envelope ID: 334AEAB6-39F8-4E44-9A12-3F4F8F60AB5F
STUDENTS RUGBY FOOTBALL UNION
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 3 |
| Independent auditor's report | 4 - 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 - 16 |
DocuSign Envelope ID: 334AEAB6-39F8-4E44-9A12-3F4F8F60AB5F
STUDENTS RUGBY FOOTBALL UNION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 JUNE 2022
The trustees present their annual report and financial statements for the year ended 30 June 2022.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 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)” (as amended for accounting periods commencing from 1 January 2016)
Objectives and activities
The charity's objectives are to administer, foster, encourage, extend and control Rugby Football Union for the moral, mental and physical development of students at universities and other institutions of higher education within England. In furtherance of these activities, but without in anyway limiting them, the Students Rugby Football Union shall have the following powers:
To promote and develop the game, including (but not limited to) the coaching thereof in universities (and other institutions of higher education) within England.
To act as the higher education section of the Rugby Football Union and to be a constituent body of the Rugby Football Union.
To ensure that the game is played in accordance with the laws of the game and is administered in accordance with the rules and regulations of the Rugby Football Union and the regulations of the International Rugby Board.
To arrange representative, trial and other matches and tours for students qualified to play for England.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
Our main activities and who we try to help are described within our objectives and activities. All our charitable activities focus on the promotion of the game of Rugby Football Union to students of universities (and higher education institutions).
We have provided opportunities for all university (and higher education institution) students to take part in the enjoyment of Rugby Football Union, ensuring they play to their optimum capability and the best play for England.
Financial review
The charity has continued to receive support from the Rugby Football Union and against the backdrop of limited resources has continued to develop the services provide by the charity to it beneficiaries. Although it is the Trustees intention to act prudently we do not wish to stockpile funds. The Trustees wish to sensibly invest in the development of Student Rugby and continue to work hard at making our funds reach ever further each year. During the financial year the Trustees have attempted to keep resources expended equal to that of total income.
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to not less than twelve months expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised.
Principal Funding Sources
The principal funding sources are from grants received from the Rugby Football Union. Other income is raised by way of fund raising initiatives held for the benefit of the charity.
Investment Policy
It is not the charity's policy to invest funds for the long term. The charity's expenditure is based seasonally upon the Rugby Football Union playing season. Where funds are received in advance or there is a surplus following the season, these are placed on short-term deposit.
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DocuSign Envelope ID: 334AEAB6-39F8-4E44-9A12-3F4F8F60AB5F
STUDENTS RUGBY FOOTBALL UNION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022
Risk Management
The trustees have conducted a review of the major risks to which the charity is exposed. A risk register has been established and will be reviewed on an annual basis. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. Procedures are in place to ensure compliance with health and safety of staff, volunteers, visitors and competitors who partake in the events arranged by the charity. These procedures are reviewed periodically to ensure that they continue to meet the needs of the charity.
Plans for future periods
The charity plans continuing the activities outlined above in the forthcoming years subject to satisfactory funding arrangements from its relevant donors.
Structure, governance and management
The charity is a company limited by guarantee, incorporated on 22 June 2001 and registered as a charity on 22 January 2007. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £10.
The trustees, who are also the directors for the purpose of company law, and who served during the year were: R Reeves
S A Wade P Attwell P Mooney P Craig P De Glanville M Hyndman Mr R Scully
Recruitment and Appointment of Trustees
The directors of the company are also charity trustees for the purposes of charity law. Under the requirements of the Memorandum and Articles of Association the trustees are elected to serve for a period of one year after which they must be re-elected at the next Annual General Meeting.
All trustees give their time voluntarily and received no benefits from the charity. Any expenses reclaimed from the charity are set out in note 11 to the accounts.
Organisational Structure
The Students Rugby Football Union has a management committee which is made up of the trustees, and the Chairpersons of the six subcommittees:
- Governance and discipline - Marketing and communication - Club development - Player development - Competitions - Growth
In addition to the Trustees there are also the RFU Head of Education, University Development manager and Education Development Assistant a representative from British Universities and College Sport and a RFU representative.
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DocuSign Envelope ID: 334AEAB6-39F8-4E44-9A12-3F4F8F60AB5F
STUDENTS RUGBY FOOTBALL UNION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022
Statement of trustees' responsibilities
The trustees, who are also the directors of Students Rugby Football Union for the purpose of company law, 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).
Company Law 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, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent; and
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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 adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Auditor
In accordance with the company's articles, a resolution proposing that Bache Brown & Co Limited be reappointed as auditor of the company will be put at a General Meeting.
The trustees' report was approved by the Board of Trustees.
Mr R Scully Trustee
24 March 2023
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DocuSign Envelope ID: 334AEAB6-39F8-4E44-9A12-3F4F8F60AB5F
STUDENTS RUGBY FOOTBALL UNION
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF STUDENTS RUGBY FOOTBALL UNION
Opinion
We have audited the financial statements of Students Rugby Football Union (the ‘charity’) for the year ended 30 June 2022 which comprise the statement of financial activities, the balance sheet and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
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give a true and fair view of the state of the charitable company's affairs as at 30 June 2022 and of its incoming resources and application of resources, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:
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the information given in the financial statements is inconsistent in any material respect with the trustees' report; or
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sufficient accounting records have not been kept; or
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the financial statements are not in agreement with the accounting records; or
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we have not received all the information and explanations we require for our audit.
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DocuSign Envelope ID: 334AEAB6-39F8-4E44-9A12-3F4F8F60AB5F
STUDENTS RUGBY FOOTBALL UNION
INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF STUDENTS RUGBY FOOTBALL UNION
Responsibilities of trustees
As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
Approach to assessing the risks of misstatement due to irregularities, including fraud
We assess the risk of material misstatement in respect of fraud by meeting with management to understand where it considered there was susceptibility to fraud.
We obtained an understanding of the legal and regulatory frameworks that are applicable to the company and determined that the most significant reporting frameworks which are likely to affect the company include the Charities Act, FRS102, and the Companies Act 2006. In addition we determined that there were no significant laws and regulations which have a direct effect on the amounts and disclosures in the financial statements.
Audit response to risks identified
We considered the risk of fraud through management override on controls. We also considered how management bias may impact upon performance targets.
In response we performed audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of any significant transactions outside the normal course of business, reviewing accounting estimates for management bias.
Based on the results of our risk assessment we designed our audit procedures to identify non-compliance with such laws and regulations. Our procedures involved enquiries with management around actual and potential claims. Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
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DocuSign Envelope ID: 334AEAB6-39F8-4E44-9A12-3F4F8F60AB5F
STUDENTS RUGBY FOOTBALL UNION
INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF STUDENTS RUGBY FOOTBALL UNION
Bache Brown & Co Limited
24 March 2023
Chartered Certified Accountants Statutory Auditor
Swinford House Albion Street Brierley Hill West Midlands DY5 3EE
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DocuSign Envelope ID: 334AEAB6-39F8-4E44-9A12-3F4F8F60AB5F
STUDENTS RUGBY FOOTBALL UNION
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2022
| Unrestricted Unrestricted | Unrestricted Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2022 | 2021 | ||
| Notes | £ | £ | |
| Income from: | |||
| Rugby Football Union grants | 3 | 26,058 | 16,494 |
| Charitable activities | |||
| Fundraising and sponsorship | 4 | 33,925 | - |
| Investment income | 5 | 70 | 160 |
| Total income | 60,053 | 16,654 | |
| Expenditure on: | |||
| Fundraising | 6 | 34,180 | - |
| Charitable activities | |||
| Development | 7 | 12,246 | 18,189 |
| Growth | 7 | 20,689 | 10,147 |
| Performance | 7 | 34,208 | 909 |
| Total charitable expenditure | 67,143 | 29,245 | |
| Total resources expended | 101,323 | 29,245 | |
| Net gains/(losses) on investments | 11 | (183) | 576 |
| Net movement in funds | (41,453) | (12,015) | |
| Fund balances at 1 July 2021 | 200,370 | 212,385 | |
| Fund balances at 30 June 2022 | 158,917 | 200,370 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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DocuSign Envelope ID: 334AEAB6-39F8-4E44-9A12-3F4F8F60AB5F
STUDENTS RUGBY FOOTBALL UNION
BALANCE SHEET
AS AT 30 JUNE 2022
| Notes Fixed assets Investments 13 Current assets Debtors 14 Cash at bank and in hand Creditors: amounts falling due within one year 15 Net current assets Total assets less current liabilities Income funds Unrestricted funds |
2022 £ 179 158,959 159,138 (1,775) |
£ 1,554 157,363 158,917 158,917 158,917 |
2021 £ 179 200,229 200,408 (1,775) |
£ 1,737 198,633 |
|---|---|---|---|---|
| 200,370 | ||||
| 200,370 | ||||
| 200,370 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2022, although an audit has been carried out under section 144 of the Charities Act 2011.
The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Trustees on 24 March 2023
Mr R Scully
Trustee
Company Registration No. 04240029
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DocuSign Envelope ID: 334AEAB6-39F8-4E44-9A12-3F4F8F60AB5F
STUDENTS RUGBY FOOTBALL UNION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
1 Accounting policies
Charity information
Students Rugby Football Union is a private company limited by guarantee incorporated in England and Wales. The registered office is 46 Westville Oval, Harrogate, North Yorkshire, HG1 3JW.
1.1 Accounting convention
The accounts have been prepared in accordance with the charity's governing document, the Companies Act 2006 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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
1.5 Expenditure
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DocuSign Envelope ID: 334AEAB6-39F8-4E44-9A12-3F4F8F60AB5F
STUDENTS RUGBY FOOTBALL UNION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022
1 Accounting policies
(Continued)
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fund raising purposes.
Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for it beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the Charity and include the audit fees and costs linked to the strategic management of the Charity.
All costs are allocated between the expenditure categories of the statement of financial activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, other are apportioned on an apportioned on a appropriate basis.
1.6 Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.8 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
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DocuSign Envelope ID: 334AEAB6-39F8-4E44-9A12-3F4F8F60AB5F
STUDENTS RUGBY FOOTBALL UNION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022
1 Accounting policies
(Continued)
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Rugby Football Union grants
| **Unrestricted ** | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2022 | 2021 | |
| £ | £ | |
| Rugby Football Union grants | 26,058 | 16,494 |
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DocuSign Envelope ID: 334AEAB6-39F8-4E44-9A12-3F4F8F60AB5F
STUDENTS RUGBY FOOTBALL UNION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022
4 Fundraising and sponsorship
| Unrestricted funds 2022 £ Income from provision of Rugby Football Union tickets 27,425 Sponsorships 6,500 Fundraising and sponsorship 33,925 |
Total 2021 £ - - |
|---|---|
| - |
5 Investment income
| Unrestricted Unrestricted funds funds 2022 2021 £ £ Income from listed investments 61 144 Interest receivable 9 16 70 160 |
Unrestricted Unrestricted funds funds 2022 2021 £ £ Income from listed investments 61 144 Interest receivable 9 16 70 160 |
Unrestricted Unrestricted funds funds 2022 2021 £ £ Income from listed investments 61 144 Interest receivable 9 16 70 160 |
|---|---|---|
| 160 | ||
| Fundraising | ||
| Unrestricted funds 2022 £ Fundraising Cost of provision of Rugby Football Union tickets 34,180 34,180 |
Total 2021 £ - |
|
| - |
6 Fundraising
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DocuSign Envelope ID: 334AEAB6-39F8-4E44-9A12-3F4F8F60AB5F
| Total | 2021 | £ | 19,909 | 7,104 | 2,232 | 29,245 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance | 2021 | £ | 619 | 221 | 69 | 909 | |||||
| Growth | 2021 | £ | 6,907 | 2,465 | 775 | 10,147 | |||||
| Development | 2021 | £ | 12,383 | 4,418 | 1,388 | 18,189 | |||||
| Total | 2022 | £ | 53,429 | 11,345 | 2,369 | 67,143 | |||||
| Performance | 2022 | £ | 27,221 | 5,780 | 1,207 | 34,208 | |||||
| Growth | 2022 | £ | 16,463 | 3,496 | 730 | 20,689 | |||||
| Development | 2022 | £ | 9,745 | 2,069 | 432 | 12,246 | |||||
| Charitable activities | Direct charitable activity expenditure | Share of support costs (see note 8) | Share of governance costs (see note 8) | ||||||||
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DocuSign Envelope ID: 334AEAB6-39F8-4E44-9A12-3F4F8F60AB5F
| Basis of allocation | Direct charitable expenditure | Governance | Governance | Governance | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | £ | 7,104 | 2,172 | 60 | 9,336 | 5,825 | ||||||||
| Support costs | Support Governance 2022 Support Governance |
costs costs costs costs |
£ £ £ £ £ |
IT costs & other support 11,345 - 11,345 7,104 - |
expenses | Audit fees - 2,309 2,309 - 2,172 |
Bank charges - 60 60 - 60 |
11,345 2,369 13,714 7,104 2,232 |
Analysed between | Charitable activities 11,345 2,369 13,714 7,104 2,232 |
Governance costs includes payments to the auditors of £2,682 (2021- £2,172) for audit fees. | |||
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DocuSign Envelope ID: 334AEAB6-39F8-4E44-9A12-3F4F8F60AB5F
STUDENTS RUGBY FOOTBALL UNION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022
9 Trustees
None of the trustees (or any persons connected with them) received any remuneration during the year, but three of them were reimbursed a total of £1,886 (2021 - £Nil) for travelling expenses etc.
.
.
10 Employees
The average monthly number of employees during the year was:
| 2022 | 2021 |
|---|---|
| Number | Number |
| 1 | 1 |
There were no employees whose annual remuneration was more than £60,000.
11 Net gains/(losses) on investments
| Unrestricted Unrestricted | Unrestricted Unrestricted | |
|---|---|---|
| funds | funds | |
| 2022 | 2021 | |
| £ | £ | |
| Revaluation of investments | (183) | 576 |
12 Taxation
As a charity, Students Rugby Football Union is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity.
13 Fixed asset investments
| Listed | |
|---|---|
| investments | |
| £ | |
| Cost or valuation | |
| At 1 July 2021 | 1,737 |
| Valuation changes | (183) |
| At 30 June 2022 | 1,554 |
| Carrying amount | |
| At 30 June 2022 | 1,554 |
| At 30 June 2021 | 1,737 |
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DocuSign Envelope ID: 334AEAB6-39F8-4E44-9A12-3F4F8F60AB5F
STUDENTS RUGBY FOOTBALL UNION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022
| 14 Debtors Amounts falling due within one year: Prepayments and accrued income 15 Creditors: amounts falling due within one year Accruals and deferred income 16 Related party transactions |
2022 £ 179 2022 £ 1,775 |
2021 £ 179 |
|---|---|---|
| 2021 £ 1,775 |
||
There were no disclosable related party transactions during the year (2021 - none).
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