Rugby Football Foundation Registered number.. 04608134 Annual Report and Financial Statements" For the Year Ended 30 June 2025 llllwlll 4AEYLILHK* 2510312026 COMPANIES HWSE
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En%W 10." c3374E.Ec8clEog&Bg78$7c0A RUGBY FOOTBALL FOUNDATION COMPANY INFORMATION Trustees S K Williams (resigned 7 April 2025) K L Marlor R J H Clarke S Mazumder J P Heatherington F Pierce (appointed 29 April 2025) Company registered number 04608134 Charity registered number 1100277 Registered office Rugby House Allianz Stadium 200 Whrtton Road Twi¢kenham Middlesex 27BA Company secretary C R Skarfe Irestgned 4 November 2024) A Bujalski (appointed 4 November 2024> Independent auditor BDO LLP 55 Baker Street London W1U 7EU
OouEwJn En¥ IP.. CfjC3374E-EcBCI997857Cl RUGBY FOOTBALL FOUNDATION Page CONTENTS rrustees. Report 4-11 Statement of Trustees. Responslbllitles In Respect of the Financial Statements 12 Independent Auditor's Report 14-16 statement of Financial Activities 17-18 Balance Sheet 19 Notes to the Financial Statements 20-30
Oow%ign En¥et¢r¢ ID." f*c3374E-ECBW1&W857COA RUGBY FOOTBALL FOUNDATION TRUSTEES REPORT FOR THE YEAR ENDED 30 JUNE 2025 Introduction The trustees, who are also the directors for the purFK)ses of company law, submit their report and the financial statements of the Rugby Football Foundation for the year ended 30 June 2025. Structure. Governance and Management Incorporation The Rugby Football Foundation {RFF). a company limited by guarantee. (No.04608134) was incorporated on 4 December 2002 by a Memorandum and Articles of Association and is a registered charity (No. 1100277). The regislered office of the charity is: Rugby House Allianz Stadium 200 Whitton Road Twickenham Middlesex TW2 78A Trustees In accordance with the memorandum and articles. one third of the trustees are required to retire by rotation, deterrnined by how long they have been in Offi since their last appointment or reappointment. If no trustee agrees to resign. the longest serving trustees are pul foNard for retirement. If the Rugby Football Union IRFUI does not fill the vacancy, the retiring trustee shall. if willing to act. be deemed reappointed. unless the RFU decides not to fill the vacancy or not to reappoint the trustee. The appointment of trustees is determined by the RFU Board of Directors. Trustees are appointed on the basis of the expertise that they can bring to the charity. An induction for new Irustees is providefj wilh access lo previous trustee papers and an oveNiew of the Chanty and rts operations. The induction is led by the Company Secretary team who guide the new trustee through the structure of the support, key objectives of the charities and current projects being undertaken by the charty. On-going training is provided to trustees throughout the year by the Charity as part of their role of being a trustee. The trustees who have serwed during the year and to the date of this report were". S K Williams (resigned 7 April 2025) K L Marlor R J H Clarke S Mazumder J P Heatherington F Pierce {appointed 29 April 2025) Any decision which materially affects the operation of the chanty. and its 0"eCtiveS determined by trustees, majorty vote. The Trustees delegate the day-to-day management of the Foundation to Steve Grainger (Rugby Development Director, Rugby Football Development Limited (RFDL)). The Foundation does not have any ernployees, and no employee costs are recharged from the RFU or RFDL for the ad hoc support by their employees on working for the Foundation, rt is not possible to quantify this support.
Oow5ign En¥e&)Fe ID". NC3374EEC8W14-BOW897&57C(k RUGBY FOOTBALL FOUNDATION TRUSTEES REPORT FOR THE YEAR ENDED 30 JUNE 2025 (continued) Objects and A¢tivitles of the Foundation The objects of the Foundation are for the benefit of the PU1¢ to: promote communty parti¢ipalion in healthy recreation by providing facilities for playing rugby union football and other sports {faciSities means land. trtjildings, equipment and organising sporting activities). provide and assist in providing facilities for sport. recreation or other leisure time of such persons who have need for such facilities by reason of their youth. age, infirmity or disablement, poverty or social and econofflic circumslances or for the public at large in the interests of social welfare and with the object of improving their conditions of lrfe.. advan the education of children and young people thffough such means as the trustees think fit in accordance with the law of charity.. and advance the educalion of the public in the history and development of rugby football and its anle¢edent. through providing curation advice to the Worfd RLJgby Museum. The Foundation 15 a public benefit entty. the Twstees have considered the guidance on public benefit and confirm that they have complied wrth their dLty. Powers To further its objects the Foundation may: undertake programmes for the development of amateur s[rt. provide grants and loans for capital improvements to stadiums and grounds of communty amateur sport5 clubs, charitable sports clubs and other bodies- provide and assist in the provision of money, matenals or other help; organise and assist in the provision of nferen, urSe$ of instruction, exhibitions, lectures arKI other educational activities.. and publish books, pamphlets, reports. leaflets. journals. films. and instructional matter., and promote, encourage, carry out or commission research. surveys, studies or other work. making the useful results available. Annual Review Communlty Rugby Programme One of the RFU'S Strategic Priorities is to enrich INes by introducifvJ more people to rugby union and developing the sport for future generations. During the prior year, the Foundation signed an agreement Wtth the RFU. whereby the RFU grant5 a set amount each year to fvnd communty work to further the charitable purposes of the Foundation. as set out in the objects above. The agreement was signed in July 2024 and adjusted later on in the year once a better understanding on the abilrty to deliver the Communrty work wth the grant for the year being £ 24.100.000 (2024.. £24,516,000).
Enope fj.. Cf£3374E.ECBNC1¢809W7857C RUGBY FOOTBALL FOUNDATION TRUSTEES REPORT FOR THE YEAR ENDED 30 JUNE 2025 (continued) The Foundation's charttable objects include pr01rting communty participalion in rugby for the benefit of the public. A subsidiary of the RFU. RFDL. has the expertise and experien to run a community rugby development programme which encourages community participation. The core purpose is to "strengthen our member dubs and to grow the game in communitses around them., Underpinning this are six key drivers.. 1. Retaining & Developing Players. 2. Recruiting New Players. 3. Recruiting & Retaining High Qualty Coaches, Volunteers & Referees. 4. Effective & Efficient Faciltlies. S. Effective & Efficient Management and Govemance. 6. Integration with the Local Communty. Through RFDL, we began the implementation of this strategy during one of the toughest periods in rugby union's history. We are focusing on three key areas.. helping clubs to be self-sustaining, the development of coaches and match officials, and the Competition structure and player experience. The Foundation contracted with RFDL for delNery of an agreed programme during the year. The agreement was sned in July 2024 and updated once it was better understood on the ability to deliver the agreed programme. The fee for this Servi was £24,100.000 {2024'. £24,516,000). The activrty ensuing from this arrangement has given rise lo the restricted funds seen in this yearfs financial statements. The 19th year of this programme {the programme started on 1st Juty 20051 has been a suc$$fUl one. with RFDL delivering the programme within budget, in accordance wf(h the charitable obj'ects of the Foundation, and to a slandard deemed satisfactory by the trustees. Details of expenditure is provided in the quarterly financial report sent to Trustees. This quarterly review of expenditure allows the Trustees to analyse how the funds are being used to grow the game. The community game is the lrfeblood of our sport and needs simple, focused support that delivers real benefiL including support to become ¢ommeroally innovative and seff-sustaining and campaigns and programmes to attract new audiences to the sport. This was the first year of delivering the four year-plan to strengthen the community game. The investment is already yielding results. Investment is being made to enhance the digital platfoms and streamlining processes lo reduce volunteer workload, using a dedicated task for. T1 Rugby.. the first non-contad form of the game to include lineouts. scrums. kicking, and breakdowns, while remaining simple to play: is now active in over 1,800 schools. supported by 40 dedicated School Rugby Managers. and adult player registration has reached 290.fXIO. Match completion rates are stabilising in men's leagues (over 90910) and merit tables (over 70%}. Encouragingly. overall national participation levels have retumed to prfrpandemic norms, according to Sport England's Active Lives Survey. Youth engagement continues to grow. with 3.5m 6-17-year-olds now identifying as passionate or casual supporters of our senior teams - up from 2.9m in 2024. Among Ltnder- 18s. interest in playing rugby sits at 39%. vth school rugby facilitS viewed posftively by 60%.
DorJJ5vJn Erk)pe ID." Cfjc3374EEcBl&7Bs7c RUGBY FOOTBALL FOUNDATION TRUSTEES REPORT FOR THE YEAR ENOED 30 JUNE 2025 {¢ontinued) Groundmatch and other RFF Grants and Loan Schemes The loans are claSsifd as social investments- programme related investments and within that heading they are actually concessionary loans and grants direct to clubs have moved to RFU and RFDL respectively. This change only impacted new awards made from July 2019 and have not impacted awards made before thi5 date which have remained with the RFF. The monitoring and managing of repayment of existing loans remains extremely efficient while being supportive of clubs in genuine difficulty. In extreme cases restructuring is negotiated. typically by reducing the amount or IqUenCY of payments to make it financially viable for the club. World Rugby Museum There were a number of exhibrtions in the year. these included The History of the Britlsh & Irtsh Lions and The Evolution of the Wallabies Jersey. Rugby United Project Rugby United is a project established to empower communtty clubs who are seeking to make long term cultural change in how they engage and become more accessible to their local communities. to attract players, coaches and volunteers from Black and South Asian groups RFU baselining research in 2021 revealed a particular gap in the population of Black and South Asian people involved in rugby, with 4Yo of the rugby population from Ethnically Diverse community's vs circa 20% of the totsl English F)opulation. In the year ended 30 June 2022 the RFF Twstees designated £1,000.000 of unrestricted fvnds to be spent on the project with the aim that this would be matched by fundraising another £1.000.000 over the next four years. In line with Ihe wider RFU Strategy. this Project focused on young people from 14-18. (later lowered lo include younger children. based on feedback from clubs involved). This project focused on four strands of a¢tiwty: Understsnd and Engage- getting to know the local communty and making initial connections. Open Doors - Help clubs to ensure that their organisation and venues are VlcoM1ng and open for use by a range of communty groups and organisations to promote local engagement. Role Models - Targeted recruitrnent of coaches. volunteers and match officials directly from local Communities. particularly from Black and South Asian groups. so that involvement and representation are in all aspects of the game. Play - Providing attractive playing opportunities for young boys and girls. The right playing offers, at the right time in such a way that any barriers are considered and overcome, spectfically targeting Black and South Asian 14-18-year-olds.
EnOre ID.. 3374EEC8I&94-897857CfWA RUGBY FOOTBALL FOUNDATION TRUSTEES REPORT FOR THE YEAR ENDED 30 JUNE 2026 (continued At the end of 24125, 27.175 young people have engaged with Rugby United1272% of the original 10,000 target) and 391 young people have joined a ¢lub because of Rugby Untled activity and 87 new coaches accessed training through the project. In terrns of locations currenty over 5300 se$sons have been delivered at schools, communty centres and Rugby Clubs. This was the final year ofthe first three-year cle of Rugby United. and it has been a great success. Btheen 202&28, Rugby United {renamed Rugby United.. Inclusive Champions) will continue to build on the progress and learnings from phase 1 and use to develop wider guidance for clubs, CBS and delivery partners with a focus on three areas. engaging the communty. role models and coaches and playing opportunities and transrtion to clubs. Rugby United will continue to champion the value of inclusion. communf(ies and players. to Ure and grow the future of rugby clubs and the sport. ReseNes At the year end, the total reserves of the chanty were £9.394.532 (2024.. £9.606.867) £420.404 of this was restricted to specific purposes12024'. £244,922), leaving £8.974.128 available for the unrestricted fund (2024- £9,361.945). Within the UnsIn¢ted funds £930.859 is designated to the Rugby Unrted including the Debenture Donation projects. The remaining balance of unrestricted funds is £8.043,269 with £66,698 needing to be held in accordance wth the minimum reserves polw. The general funds ofthe charty available to spend at 30° June 2025 are £7,976,571. The trustees have reviewed the level of general fvnds available and deem they are appropriate for the Foundation. The funds are needed to cover any excess of expenditure over income, vthether due to timing differences or lo shortlalls in fundiro. It had been determined that the minimum level of general funds that should be held at any time must be at least equal to a yearfs interest charge on the current balance outstanding on the RFU loan and six months, worth of the budgeted operating expenses. Fdus the value of approved bul unpaid grants at the year end. This policy is reviewed by a sub-committee of iwo trustees on a regular basis. Restricted funds comprise four funds. the World Rugby Museum, the Community Rugby Prograrnme, Rugby United and Supporting Women entering rugby. The Community Rugby Programme is for the promotion of participation in rugby for the benefft of the ptsblic and the World Rugby Museum is for the exhibition of historical informabon and artefacts relating to Rugby. Rugby United Project intends to make a long-lenn cultural change in the club setting. making them more accessible and inviting. For the year ended 30 June 2025 income for the Wodd Rugby Museum was £468,553 and expenditure was £468,553. The Community Rugby Programme fund has income of £24.1W.000 and expenditure of £24,100,100.
RUGBY FOOTBALL FOUNDATION TRUSTEES REPORT FOR THE YEAR ENDED 30 JUNE 2025 (continued) Investrnent polky It is the policy of the Foundation to Pla its investments in cash deposits which provide appropriate liquidity, and which are deemed to be of low risk. Strategic Report A¢hievernents. PerforTnance and Financial Review During the year the RFF received a grant of £24.100.000 (2024.. £24.516.000) from the RFU lo fund community work that further the Charitable purposes of Ihe Foundation. The Foundation ented into a contract with Rugby Football Development Limited (RFDL) to the value of £24,100,00012024-. £24,516.000) for RFDL to deliver that work. This included an extensive programme for the development of the communty participation in amateur rugby including supporting grassroot clubs to improve the playing environment for participants. improve coaching standards and dub management via it5 community rugby development programme and ts grantslloan programme. In shaping the objectives for the year and planning activiks. the Trustees have considered the Charity Commission's guidance on public benefft and fee charging and given careful consideration to ensuring that support is targeted to maximise Community participation and ensure acssIbl11ty for those on low income. The net movement in Unrestricted fijnds was a deficit of £387.817 and in Restricted funds was a surplus of £175,482 during the year. With net current assets sitting at £10,621,411 on the 30 June 2025. the assets of the Foundation will be total net assets of £9,394.532. showing a very good long-term position. Plans for future periods The long-tem plan 15 for the Foundation to utilise the excess funds to enter into initiabves to increase the participation levels of rugby acros5 England e.g_ Rugby United and targeted projects to facilitate the playing of rugby by ensuring the SUPF)Ort is there e.g. first aiders programme. encouraging referee numbers etc. The spends will be spent down over a time in a sustainable and targeted manner to ensure maximum effect. The trustees carefully managed in 2024125 to ensure the Foundation is in the best possible position. Going concern The financial statements have been prepared on a going concem basis. The Charity's operations are seff-5UStaining in usual business Conditions, and had net assets and net current assets as at 30 June 2025. Based on the forecast SnarIoS prepared by the Charity, the Trustees have a reasonable expectation Ihat the Charty will continue to operate and meet its liabilities as they fall due for the foreseeable fulure. The charitable activities of the Chanty are dependent on the ongoing operations of the RFU, its ultimate parent undertaking, and until charitable activities resume to an appropriale level. the Charity is dependent on the RFU for financial support in the fomi of non-recall of intercompany balances and certain operating expenditure. The RFU has confirmed to the Trustees its intenlion to continue to provide funding and to not recall intercompany balances unless the Charrty has Ihe finanual means to do so and otherwise meet its liabilities as they fall due. Further detail can be found in note 1.3.
RUGBY FOOTBALL FOUNDATION TRUSTEES REPORT FOR THE YEAR ENDED 30 JUNE 2025 (continued) Risk Management The Trustees have carrred out a review of the charity's aclivities which sets out the risks lo which rt is exposed. As part of this review the Tnjstees have implemented a risk management strategy which comprises.. a quarterly review ofthe risks the charity may face- eslablishment of systems and procedures to mrtigate those risks identifd in the plan: and the implementation of procedures designed to minirnise any potential impact on the charity should those risks materialise. The Trustees confirm that procedures are in place to manage the major risks which have been identrfied. Rtsk Detail Risk type Mitigation Action Govemance Charity Commission judges RFF governance insufficnt. Strategic Governance Improvement ha5 been implemented, this is being monitored by RDD and L&G Director. CFO is Trustee. Governance being improved and close relationship with RFU Board in place due to attendan at RFF board of RDD RFU CFO is also Trustee of RFF. Monitorwith mitigations in place. Influence RFF'S position in RFU Group leadsto lack of decision making and Influen over strategic direction Strategic Monrtorwith miligation5 in place. RFFIRFDL Contract RFDL not able to fulfil responsibilities as set out in the contract and there is no alternative provider availab. OFerational RFDL overseen by experienced Rugby Development director and team minimising likelihood. RD director also attends RFF board so could flag any issues earty so that they could be managed. The Rugby Development Director to continue to Pfovide regular updates al the RFF trustees meeting. People RFF has no dedicated staff resour and relies on the RFU capacty to fulfil RFU function5. Risk that RFU could divert all resource to RFU matter5. Operational RFU Executive staff attend RFF board and now overseeing operational plan. Specifically. Company Secretary team making sure actions are followed up. enhances by RFF trustee that sits on the RFU audtl committee. Company Secretary keeping an upto-date action log with updates being provided to the trLJStees at meetings. io
OooJ5ityb EnbJpe ID.. [3374EQB84c1*9m97sS7¢(l RUGBY FOOT8ALL FOUNDATION TRUSTEES REPORT FOR THE YEAR ENDED 30 JUNE 2025 (continued) Delivery of RFF Debenture projects rf Gift Aid Funding not received RFF runs at a deficit that is unable to fund the projects if the Gift Aid is not received - each of the projects has now delivered for 3 years Strategic RFF has substantial reseNes of £9m+ that could be utilised to cover the commitment made to gfft aid and debenture holder projects. The cash flow is minimal due to the amounts owed all being wthin the RFU group Delivery of RFF Debenture projects if Gift Aid Funding not received Grft Aid funding being received from The agreed RFF funding of Debenture projects delivered by the RFU could be at risk if the gift aid claim to support the funding is not accepted by HMRC. Operational HMRC have further challenged the RFF Grfl Aid claim and have requested further supporting do¢umentation. EY are supporting the claim and discussions wrth HMRC via subject matter experts. The challenge from HMRC has been aimed at debenture holders that stsll had a right Adive policy of collaboration with club$ rf a default occurs. Gift Aid funding being received from HMRC HMRC Loan defaults due lo loss oflreduced capacity of clubs due to financial stsbilty Increase in incidents of defaulting on loan payments. Rising cost of living means that the operating costs of clubs are unsustainable leading to fear of closure. Operational Quarterly meetings between finance and the development team to manage clubs that missed payments are unable to pay with discussion5 on how to assist them. Looking at impacts and gather insighl to provide evidence to feed into the lobbying of govemment- utilities. cost of living (inflation). impact of other policles. In order to mitigate and spread the risks of the Foundab'on, and, atthough generous support was received during the year from the Rugby Footb811 Union. r( is the inlenlion of the Foundation lo continue to seek additional alternative sour$ of funding in the coming year. A key element in the managemenl of financial risk is the setting of a reserves policy and its regular review by Truslees. Fundraising Activities Section 162a of the Charities Act 2011 requires charities to make a slalement regarding fundraising activities. The legislation defines fundraising as'solicrting or otherwise procuring money or other property for charitable purposes" The Foundation does not undertake fvndraising from the general public but from time to time does apply for grant funding from grant-awarding entiti'es. Any such amounts receivable are presented in the financial statements as 'voluntary income, and includes legacies and grants. In relation to the above we confirm that all solicitations are managed internally. without involvement of commercial participators or professional fundraisers. or third parties. The day-to-day management of all income generation is delegated to the executive team, who are accountable to the trustees. The Foundation is not bound by any regulatory schemes.
DoutswJn En¥eFe Irr. tEC3374E£CBWIBO9¢8Th7COA RUGBY FOOT8ALL FOUNDATION STATEMENT OF TRUSTEES. RESPONSI8ILTIES IN RESPECT OF FINANCIAL STATEMENTS The Trustees are responsible for preparing the Trustees, Report and the anCIal statements in accordance wilh applicable law and regulations. Company law requires the Trustees to prepare finanaal statements for each financial year in accordance with Unrted Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable lawl. Under company law the Tru51ees must not approve the financial statements unless they are satisfied that they give a true and fair view of the slate of affairs of the charity and of the incoming resour$ and application of sourCes. including the income and expenditure. of the charity for that period. In preparing these financial statements. the Trustees are required to.. select suitable accounting policies and then apply them o)nsistenty' make judgements and accounting estimates that are asonable and prudent; state whether applicable UK Accounting Stsndards have been followed, subject to any material departures disclosed and explaine(l in the financial statements.. and prepa the financial statements on the going concern basis Un$$ it is inappropriate to presume that Ihe charty will continue in business. The Trustees are responsible for kewng adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensu that the financial statements Comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charrty and hen for taking feasonable steps for the prevention and detection of fraud and other irregularities. Auditor BDO LLP were appointed to act as auditor for the Foundation for the 2024125 year. This appointment is reviewed annually by the board under advi from the RFU. Each of the Trustees al the date of approval of thts report confims that.. so far as the Trustees are aware. there is no revant audit information of which the Foundation's auditors are unaware.. and the Trustees have taken all steps that they ought to have tsken as a Trustee to make th8mselves aware of any relevant audit infomiation and to establish that the Foundation's auditors are aware of that infomiation. This report and the strategic port was approved by the Tnjstees and signed on their behalf by: $¥r4d.. K L Marlor Date.. 30 October 2025 12
[)ls19ft EnlOre IO". c¢C3374E.ECB1WCI14 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF RUGBY FOOTBALL FOUNDATION Opinion on the financial statements In our opinion, the financial statements.. give a true and fair view of the stste of the Charitable Company's affairs as at 30 June 2025 and of its incoming resources and application of resources for the year then ended.. have been properly prepared in accordance with Unrted Kingdom Generally Accepted Accounting Practice.. and have been prepared in accordance wilh the reqU1MentS ofthe Companies Act 2006. We have audited the financial statements of Rugby Football Foundation nhe Chariiable Compan) for the year ended 30 June 2025 which comprise the Statement of Financial Actrvities induding Income and Expenditure Account and Balance Sheet and notes lo the financial statements. including a summary of significant accounting policies_ The financial reporting framework that ha5 treen applted in their preparation is applicable law and Unrted Kingdom Accounting Standards. including Financial Reporting Standard 1 02 The Financial Reporting Standard applicable in the UK and Repuljlic of Ireland {United Kingdom Generally Accepted Accounting Practice). Basls for opinlon We conducted our audit in accordance ryth International Standards on Audrting (UK) (ISAS (UK)) and applicable law. Our responsibilth.es under those standards are further described in the Auditor's responsibilities for the audrt of the financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provKle a basis for our oynion. Independence We remain independent of the Charitable Company in accordance with the ethical requirements that are relevant to our audit of the financial slatemenls in the UK. including the FRC'S Ethical Standard. and we have fuifilled our other ethical responsibiltlies in accordance with these requirements. Conclusions related to going ¢oncem In auditing the financial statements. we have ¢onduded that the Trustees, use of Ihe going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not identifd any material uncertainties relating to events or conditions Ihat, individually or colleth"vety. may cast signfficant doubt on the Charitable Company's abilty to continue as a going conrn 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 respecl to going concern are described in the relevant sections of this report. Other infomiation The Trustees are responsible for the other infomiation. The other infonnation comprises the infom)ation included in the Trustees, Report. other than the financial statements and our auditorfs report thereon. Our opinion on the financial statements does not cover the other infomation and. except to the extent otherwise explicitly slated in our report. we do not express any fomi of assurance condusion thereon. Our responsibilrty is to read Ihe other information and, in doing so, consider whethef the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audrt. or othewise appears to be materially misstated. If we identfy such material inconsistencies or apparent material misslalements, we are reqUId to detenIne whether this gNes rise lo a material rni5Statement in the financial ststements themsefves. If. based on the work we have perfomied. we conclude that there is a material misstatement of thi5 Other information. we are required to rewrt that fact. We have nothing to report in this regard. 13
other Companies Act 2006 reporting In our opinion, based on the work undertaken in the course of the audit: the information given in the Trustees, Report. which includes the Directors. Report and the Strategic report prepared for the purposes of Company Law. for the financial year for which the financial statements are prepared is consistent with the financial statements," and the Strategic reF)Ort and the Directors, Report. which are included in the Twstees, Report, have been prepared in accordance Vth applicable *al requirements. In the lighl of the knowledge and understanding of the Charitable Company and its environment obtained in the course of the audrt. we have not entIfied material misstatement in the Strategic report or the Trustees. report. We have nothing to report in respect of the follwng matters in relation to vthich the Companies Act 2006 requires us to report to you rf. in our opinion.. adequate accounting records have nol been kept by the charitab Company or returns adequate for our audit have not been reNed from branches not visrted by us.. or the financial statements are not in agreement the accounting records and retums., or rtain disclosures of Directors. remuneration specified by law are not made- or we have not recewed all the infomiation and explanations we require for our audit. Responsibilities of Trustees As explained more fully In the Statement of TTUStees' Responsikn"lrties. the Trustees (who are also the directors of the char[lae Company for the purposes 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 preparalion of financial statements thal are free from material misslatement, whether due to fraud or error. In preparing the financial statements. the Trustees are responsible for assessing the Charitable Company's ability to continue as a going COnrn. disclosing. as applicable. matters related to going concern and using the going concern basis of accounling unless the Trustees either intend lo liquidate the Charitable Company or lo cease operations, or have no realistic atternative but lo do 50. Auditor's responsibilities for the audit of the flnancial statements We have been appointed as audf(or under the Companies Act 2006 and report in accordanc8 Wlth the Act and relevanl regulats'ons made or having effect thereunder. Our objectives are to obtain reasonable assurance aboLrt vknether 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 kvel of assurance. but is not a guarantee that an audit Conducted in accordance with ISAS {UK) wtll ayS 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. Extent to which the audit was capable of detecting irregula11t5. including frdud Irregularrties, including fraud, are instances of non-compliance with laws and regulations. W6 design procedures in line with our responsibilities, outlined above. lo detect material mis5talements in respect of irregularities, including fraud. The extent to which our procedures are capable of delecting irregularities. including fraud is detailed below= 14
Docu5¥Jn ID". C*C3374E.ECBW14$978s7c Non-Gompliance with laws and TrgulatK)ns Based on.. Our understanding ofthe Charf(able Company and the sector in whKh rt operates. Discussion wrth management and those Charged wth govemance". Obtaining and understanding of the Charitable Company's polic$ and procedures regarding compliance with laws and regulations- We consi(lefed the significant laws and regulations to be the applicable accounting framework, being the Financial Reporting Standard 102. the Charities SORP 2019. the CompanEs Act 2006, and Charity Commission for England and Wales (Charity Commission) wulations. The Charitable Company is also subject to laws and regulations where the consequence of n0Compli8n¢e could have a material effect on the amount or disclosures in the financial statements, for example through the irnposition of fines or litigations. We Identif such laws and regulations to be relevant lax legislation. the Bribery Acl 2010 and General Dats Protection Regulation. Our procedures in respect of the above included: Review of minutes of meeting of those charged with govemance for any instsnces of nonthcompliance with laws and regulations. Review of correspondence with regulatory and tax authorities for any instances of non-compliance wilh laws and regulations. Review offinancial statement disclosures and agreeing to supporting documentation. Fraud We assessed the susceptibility ofthe financial ststements to material misststement. including fraud. Our risk assessment procedures included- Enquiry with management and those charged with govemance regarding any known or suspected instances of fraud.. Obtaining an understanding of the Charitable Company's policies and procedures relating to.. Detecting and responding lo the risks of fraud- aTrJ Internal controls established to mthgate risks related to fraLKI. Review of minutes of meeting of those charged with governance for any known or suspected instances of fraud., Oiscussion amongst the engagement team as to how and vthe fraud rnht occur in the financial 5talements-. Performing analytical Procedures to identrfy any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud. 8ased on our risk assessment. we considered the areas most Susceptib to fraud to be management override of controls. Our procedures in Spect ofthe above induded". Testing a sample of journal entries throughout the year, which met a defined risk criteria, by agreeing to 5UPPOrting documentation- Testing a sample of ioumal entrie5 throughout the year. vthich did not meet a defined risk crileria, by agreeing to supporting documentation- and we also communicated relevant 1dentrf lavts and regulats'ons arKI potential fra risks to all engagement team members and remained art lo any indications of fraud or non-compliance with laws and regulations throughout the audiL 15
DoCUn EnvekJFe ID.. LKC3374EEcBC18OW897B57C0 Our audrt procedures ve desoned to respond lo risks of material misstatement in the financial statements. recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealrnent by, for example. forgery. misrepresentations or through collusion. There are inherent limitations in the audil procedures performed and the further removed non-compliance with laws and regulations is from the events and transaclions reflected in the financial statements. the less likety we are to become aware of IL A fvrther description of our responsibilrties for the audit of the financial statements 15 located at the Financial Reporting Council's ('FRC's") websrte at-. https..IAV.frC.Org.ukIavditOfsresnSIb1Il1Ies. This description forms part of our auditorfs report. Use of our report This report is made solely to the Charitable CoMpanS members. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Charitable Company's members those matters we are required lo state to them in an audilorfs report and for no other purpose. To the fullest extent pemiitted by law. we do not accept or assume responsibility to anyone other than the Charitable Company and the Charrtable Company's members as a body. for our audit work, ft)r this report. or for the opinions have formed. Sarah Anderson (Senior Ststutory Audrlorl For and on behalf of BDO LLP, stslutory auditor London. UK 03 November 2025 BDO LLP is a limited liability partnership registered in England and Wales (wilh registered number OC30512n. 16
or5n En ID.. LKsJ74E.ECBc1*9¥S97Wc RUGBY FOOTBALL FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2025 Unrestricted funds Restricted funds Total funds Totsl funds 2025 2025 2025 2024 Income: Donations: Donations from the RFU Other donations Total donations income 24,100.000 301,915 24,401,91 S 24,100,C(JO 306,558 24,406,$58 24,516,000 247.101 24,763,101 4.643 Incomefrom charitable activities: Wodd Rugby Museum Tolal income 468.553 24.870.468 468,553 24.875.111 459.225 25,222,326 4.643 Expenditure: Expenditure on raising fiJThJs Expenditure on charitable activities Total expenditure (1.019) (126,433) (127,452) {108,692) (391.441) (24.W.553) (24.959,994) (25.470,856) (392.460) (24,694.9861 (25.087.446) {25,579,548) Net movement in funds 1387,817} 175,482 (212,335) 1357,222) Reconciliation of funds: Tolal funds brought forward Total funds carried forward 9.361,945 8,974.128 244.922 420,404 9,606,867 9,394,532 9.964,089 9,606,867 The Statement of Financial activities includes all gains and losses recognised in the year_ All income and expendrlure derive from continuing activities. The notes on pages 20 to 30 form part of these fanCIal statements. 17
DcKJJsw En¥elore ID.. C6C3374E*cBI¥&j9¢6g7857Cfy RUGBY FOOTBALL FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2024 Unrestricted funds 2024 Restricted funds 2024 Totsl funds 2024 In¢ome: Donations: Donations from the RFU Other donations Total donations Income 24.516.CMXI 241.881 24.767.881 24,516,000 247,101 24.763.101 5.220 5.220 Income from charitable activities: World Rugby Museum Total income 459,225 25.217.106 459.225 25.222.326 5.220 Expenditure on: Raising funds Expenditure on charrtable athibes Total expenditure (27.058) (495.631) 1522,6891 (81.634) {24,975,225) {25,056.859) (108.692) 125.470.856) 125,579.548) Net movement in funds 1517.4691 160.247 (367.222) Reconciliation of fund5: Total funds brought forward Total funds carried lorward 9.879,414 84.675 244,922 9,964.089 9.606,867 The Statement of Financial aclNities includes all gains and losses recognised in the year. The notes on pages 20 to 30 form part of these financial statements. 18
DouJslJn Envelope ID". NCS374E.ECeW1W¥897857C(IAA96 RUGBY FOOTBALL FOUNDATION BALANCE SHEET AS AT 30 JUNE 2025 REGISTERED NUMBER: 04608134 2025 2024 Fixed assets Loans due from dubs 10 3,160,824 3.160.824 4,047,190 4,047,190 Current assets Debtors Cash at bank and in haThJ 11 60.548,391 751,494 61.299.885 51.385,845 746,121 52.131,966 Total assets 64,460,709 56.179.156 Current Ilabilities Creditors-. amounts falling due within one year 12 (53.839.298) (44.443,172> Net Current assets 7.640.587 7.688.794 Long-term liabilities Creditors.. amounts falling due after more than one year 13 (1,226.879) (2.129.117) Total liabilities {55,066.177} (46.572.289 Total net assets 9.394.532 9,606,8S7 Charity Funds Restricted funds Unrestricted fvnds Total funds 420,404 8.974,128 9,394,532 244,922 9.361.945 9,606,867 The financial statements were approved by the Trustees and are sned on their behalf ty.. K L Marfor 30 October 2025 The notes on pages 20 to 30 fOn part of these financial stements. 19
t)DWSvJn E¥th 10. ws374E-ECB1O9¢8g7a57C0 RUGBY FOOTBALL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 1.1 General Infomiation The Rugby Football Foundation IRFF) is a company limrted by guarantee and registered in England and Wales, registration number 04608134. and registered charity number 1100277. The registered office is Rugby House. Allianz Stsdium. 200 V1thOn Road. Twickenham. Middlesex, Tiif2 7BA. 1.2 Basls of preparation of flnancial statements The financial staternents have been prepared in accordance with Accounling and Reporting by Charities, Statement of Recommended Practice applicable to charities preparing their accounls in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effective 1 January 2019 (Charities SORP (FRS 102)). the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and the Companies Act 2(M)6. The RFF meets the definition of a public benefft entty under FRS 102. Assets and liabilities are inilially recognised at historical st or transaction value unless otherwise stated in the relevant accounting policy. The Charty has taken advantage of the exempts'ons under Financial Reporting Standard FRS 102 from preparing a cash flow statement as it is a wholw Control subsidiary and Rugby Football Union's consolidated financial statements include the cash llows of the Charty. The financial statements are prepared in sterling {£) and rounded to the nearest pound. 1.3 Going ¢on¢ern The financial statements have been prepared on a g¢ing ¢oncem basis. The Charty is a member of a group that shares financial resources belween group members. The ultimate controlling party has confirmed to the Trustees its intention to continue to provide funding to enable the charty to meet its liabilities as they fall due for the foreseeable future. The Trustees have therefore prepared the financial statements on a going concern basis. Should such funding from the ultimate controlling party not be forthcorning. the going concern basis of preparation may no longer be appropriate aThJ synificant adjustrnents may be required to these financial statements. The charitable activities of the Charity are dependent on the ongoing operations of the RFU, its ultimate parent undertaking, and until activsties resume to an appropriate level. the Charty is dependent on the RFU for financial support in the form of non-recall of intercompany balances and certain operating exFenditure. The RFU has confirmed to the Trustees rts intention to continue to provide funding and to not recall intercompany balances unless the Company has the financial means to do so and otherwise meet its liabilities as they fall due. The RFF in the financial years 2021 and 2022 has received £8.3m of donations from debenture holders which have improved the unrestricted reserve to £8.Om. This has provided the charity with a greater degree of certainty over the resources available and support the conclusion tl is appropriate to prepare the financial stements as a going Concern. The Trustees have reviewed finanual projections for the RFU that show it Vill be able to provide this funding and have therefore prepared the ffinancial statements on a going concern basis. These assessments have factored in a number of s¢en2ri0S With upside and downside to drffering degrees factored in for the next financial year and beyond. The RFU has two committed faciif(ies with a combined value of £35m with its bankers which expires in October 2025. 20
oD$19n Envdcf¢ ID.. [rt3374EEC8C1WSs7c11 RUGBY FOOTBALL FOUNDATION NOTES TO THE FINANCIAL STATEMEKfs FOR THE YEAR ENDED 30 JUNE 2025 (continued) 1.3 Going concern (continued) Notwithstanding this uncertainty. the Directors have a reasonable expectation that the Charity as part ofthe wider RFU Group will have adequate reSoUrS to continue in existence for a period of not less than 12 months from the date of approval of these financial statements and have concluded that it 1$ appropriate to adopt the going concern basis of preparation of these financial statements. The Charty's financial statements do not include adjustments that would result rf the Charrty were unable to continue as a going concern. 1.4 Donations and grants receivable Donations and grants are recognised in the Statement of Financial Activilieswhen there is entitlement. receipt is probable, and the amount can be measured with sufficient reliabilty. 1.5 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general obiectpies of the FouThJation. Designated unrestricted fvnds represent approved grants where payment is subject lo the CipIent meeting certain conditions which have not been met at year end. Restricted funds are incoming reSoUS receivable specifically for the Communtty Rugby Programme. other project grants and the operation of the World Rugby Museum. as discussed in the Trustees. report. 1.6 Expenditu Expenditure is accounted for in the Statement of Financial Activities on an accruals basis and classified under heading5 which aggregate all the costs which relate to that heading. Payments under contract are recognised to the extent thal the contrad has been completed in the year in quesb'on. SupFlOrt costs include the costs relating to the general administration of the charity within its objectives as opposed to the costs of issuing grants. Communty Rugby Programme and operation of the World Rugby Museum. Ad-hoc administrative support is received from RFU.. however. rt is not possible to value Ihis support. 1.7 Loans Fixed asset investments are programme related investments and are a forrn of cOn$s1onary loans. The loans are initially recognised and measured at the amount 155ued wth the carrying amount adjusted in subsequent years to reflect repayments and adjusted rf necessary for any impairment. 1.8 Grants Grants awarded to clubs are recognised as a liabilty when approved by the Trustees, are communicated to the recipient and are subj.ect to condrtions that fall outside the control of the Foundation. In instances where such conditions fall within the control of the Foundation. the commilment is noted wr(hin Gontingent liabilities. as opposed to being recognised as a liabilty. 1.9 Debtovs Short term debtors are measured al the Iransaction price. less any impairment. Prepayments are valued at the amount prepaid net of any trade discounts due. 21
ENd¥e ID.. cfjC3374EE(S&4C1*8g78s7c RUGBY FOOTBALL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 {continued) 1.10 Creditors Short temi creditors are measured at the transaction pr4. 1.11 Accounting judgements and estimates The Trustees consider Ihe significant accounting judgements arKI estimates that are revant to the charty to be the consideration of recoverable value oflhe loans to rugby dubs. together with the timings and amounts repayable to the cbarty. A full review of loans repayable by clubs is performed on a quarterly basis. This review will consider if the loan in part or in full has become irrecoverable. an impairment loss is recognised in the statement of financial al¥rtieS. From this yearfs review. management have concluded there is no impairment necessary. Included in Note 11 is a debtor relating to amount due from HMRC due lo Gfft Aid. Thrs amount has not yet been received and is pending decision from HMRC. The recoverabilty of this debtor balan has been assessed to determine if a provision is required. Management deem it is recoverable and this view is supported by independent tsx advisors who deem no wovision is necessary. Other significant accounting judgements and estimates include the appropriate recognition of income from grants and donations according to their criteria. 2. Donations Unrestricted Restrlcted funds funds 2025 2025 Total funds 2025 Total funds 2024 Rugby Unrted Other donations Sub total Donations from RFU Total donations 301.915 301,915 4,643 306.558 24.100,000 24.406.558 241.881 5.220 247.101 24.516.000 24.763.101 4.643 301.915 24.100,000 24.401.915 Unrestricted Restricted funds 2024 Total funds 2024 Total funds 2023 2024 Debenture Donations Gift Aid Rugby Uniled Other donattons Sub total 241,881 241,881 5,220 247.101 58,042 1,993 60.035 5.220 5.220 241,881 Donations from RFU Total donations 24.516,000 24.7S7,881 24,516,000 24,763.101 23,384,000 23,444.035 5,220 3. Taxation The ChaTity is a registered charity. and as such is entitled to rtain tax exemptions on income and profits from inveslments, and surpluses on any trading activtties carried on in furtherance of the charity's primary objectives, rf Ihese profits and surpluses are applied sobety f charitable purposes. 22
RUGBY FOOTBALL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 (continued) 4. Trustees expenses During the year, no Trustee received out of pod(et expenses (2024.. £nil) relating to travel, accommodation and subsistence costs. The Trustees received no remuneration during the year {2024.' £nill. One trustee is an employee of the RFU. The truslee receives a salary from the RFU however this is not in latIon lo their role as a trustee of the RFF. 5. Analysis of expendlture on charitable activities Unrestrlcted Restrfcted funds 2025 Total funds 2025 Total funds 2024 2025 World Rugby Museum (restricted) Grants to clubs (see note 6) Community Rugby Programme (see note 7) Rugby United Debenture donats'on campaign Club loans- RFU loan interesl Bad Debt Provision Support costs (see note 9) Total 468.553 468,553 459.225 24.1(yJ,iyy) 24,1(K),IXJO 24,516,000 112.706 176.442 73,182 112,706 176,442 73,182 212.450 138,685 119,449 29.111 391.441 24.568,553 29,111 24.959.994 25,047 25.470.856 Unrestricted Restricted funds Funds 2024 2024 Total funds 2024 Total funds 2023 World Rugby Museum (restTiCted) Grants to clubs (see note 61 Community Rugby Prograrnme (see note 7) Rugby United Debenture donation campaign Club loans - RFU loan interest Bad Debt Provision Support costs (see note 9) Tolal 459,225 459,225 434.108 24.516.000 24,516,ClJO 23,391,253 255.291 172,811 149,646 212.450 138.685 119.449 212.450 138.685 119,449 25,047 495,631 25,047 25,470,856 15.315 24.418,424 24,975.225 23
OorLwgn ID.. LaJ74E.ECBwlH578$7CQ RUGBY FOOTBALL FOUNDATION NOTES TO THE FINANCIAL STATEMEKfs FOR THE YEAR ENDED 30 JUNE 2025 {¢ontinued) 6. Grants to clubs 2025 2024 Groundsmatch grants Helping hand grants Exceptional grants Total No grants were awarded in 2024125 or in 2023r24. 7. Communlty Rugby Programme Expendrture on the Communty Rugby Programme is made up of the following.. 2025 2024 Community Rugby Funding Legacy Partners- Area 4 All Schools Programme Total 24,100,(X(1 24.516,000 24 100 000 24 516 000 Expenditure on Charitable adivities. the Communty Rugby Programme. was £24.100.01)0 (2024.. £24,516,000). £24,100,IJOO was restricted (2024". £24.516.000). 8. Expenditure Total expenditure includes the following charges: 2025 2024 Audilors, remuneration 25.861 22,000 The audito¢s remuneration is solely for the perfofmance of the year*nd audit. 9. Support Costs 2025 2024 Professional fees Insurance Bank charges Total 25,861 2.800 450 29.111 22.000 2.800 247 2S.047 All support costs have been identified as Govemance costs for the basis of apportionment. The Charity does not have any employees. 24
Dor#Jsign Emek)pe ID". fc&174EECBPAC14-80gM97857CO RUGBY FOOTBALL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 (continued 10. Programme Related Invlments - Con¢esslonary Loans The loans. which have been made to rugby clubs. are interest free and repayable over a maximum period of 15 years. A reconciliation from last year's loans to this yearfs is set out tkJw. 2026 2024 Loans due from clubs at 1 Ju Loans repaid Loans due from dubs at 30 June 4.047.190 4.657,102 609 912 4.047.190 3.160.824 Split of loans due from clubs between within one year and greater than one year. 2025 2024 restated Amount due within one year Amount due after one year Loans due from clubs at 30 June 650.998 2.509,826 3.160,824 886,366 3,160,824 4.047.190 £845,189 have been restated from amount due after one year to amount due within one year to better align expected loan repayment with loan agreements in place. 11. Debtors: Amounts falling due within one year 2025 2024 Amounts owed by group undertakings (see note ln Prepayments and accrued income Total 58.905.258 1.643,133 60.548.391 49.690,858 1.694.987 51,385,845 Included in prepayments and accrued income ts £1.1 m due from HMRC relating to Gift Aid. This balance has been due from HMRC since 2022. As discussed in Note 1.11 no provision has been recognised in relation to this balan as Ihe Trustees believe this balance is recoverable. 12. Creditors: Amounts falling due within one year 2025 2024 Amounts owed lo group undertakings (see note 17) Accruals and deferred income Olher creditors Totsl 53,751,458 81,629 44.364,623 78,549 53.839.298 44,443.172 25
DorJJsiw Eth*k)pe ID". CfU374E.ECB&4C1U09U97857ca4 RUGBY FOOTBALL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 lcontlnuedl 13. Creditors: Amounts falling due after more than one year 2025 2024 Secured loan from the Rugby Football Union 1.226.879 2,129.117 The loan has been borrowed to fund advances to rugby ¢lubs to develop their facilities. The loan bears interest at the Bank of England base rate. capped at 5 per cent. per annum. The repayment schedule of the loan is dependent on repayments from dubs, bul no repayments are due within the next year. The Foundation has the ability to borrow up lo a maximum of £8.(XJO.(J)0 (2024. £8.000.000) from the RFU. 14. Analysis of net assets between funds General & Designated Unrestrict funds 2025 Restrlcted funds Totsl funds 2025 2025 Loans Cash at bank and in hand Debtors Credrtors due wfLhin one year Credrtors due in more than one year Total 3.160.824 751.494 {29,992.234) 36.280,923 (1,226.879) 8,974.128 3,160,824 751,494 60,548,391 (53,839,298) (1,226,879) 9.394.532 9).540,625 (90.120.221) 420,404 General & Designated Unrestricted funds 2024 Restricted funds Total funds 2024 2024 Loans Cash at bank and in hand Debtors Creditors due wilhin one year Creditors due in more than one year Totsl 4.047.190 156,649 1.400.000 5.917,205 {2,129.11n 4,047.190 589.472 746,121 49,985,845 51,385.845 (50,360,377> (44,443,172) {2.129.11n
OoaJ5w Enk)k ID". [3374E11¥497&87cu4 RUGBY FOOTBALL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 (continued) 15. Movement in funds Unrestricted funds General Designated Unrestricted Unrestricted funds funds 2025 2025 Totsl Unrestricted funds 2025 Totsl Unrestrl¢ted fvnds 2024 At1Juty Net deficit for the year AI 30 June 8.141,938 (98.669) 8.043.269 1.220,007 (289.148) 930,859 9,361,945 1387,817) 8,974.128 9,879.414 1517,469) 9.361,945 General Unrestri¢ted funds 2024 Designated Unrestricted funds 2024 Total Unrestricted funts 2024 Totsl Unrestricted funds 2023 At 1 July Net deficit for the year At 30 June 8.308.273 (166,335) 8.141.938 1.571.141 (351,134) 1.220.007 9.879,414 (517,469) 9.361.945 10,471,795 1592,381) 9.879.414 Ro$tri¢ted funds 2025 2024 At 1 July Net (deficit)Isurplus for the year At 30 June 244.922 175482 420 404 84,675 160 247 Restricted funds 2024 2023 At 1 July Net surplus for the year At 30 June 84.675 160,247 80.786 3.889 27
En%Tkw Ittr. 33T4ECBw1¥eow8g7B57cI14A96 RUGBY FOOTBALL FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 (contlnued) 15. Movement in funds {c¢)ntinued) Communlty World Legacy Rugby Rugby Schools Partners Programme Museum proiect Area 4 Rugby Support United Women Total Rugby At 1 July 2024 Net deficit in the year At 30 June 2025 46,996 196.998 244,922 175,482 46.996 372.480 175,482 928 420.404 Community World Rugby Rugby Schools Partners Programrne Museum project Area 4 Rugby Support United Women Total Rugby At1Juty 2023 Net surplus in the year At 30 June 2024 46.996 36.751 928 84,675 160.247 160.247 46,996 196,998 928 244,922 Restricted funds compromise of four fijnds. the Wodd Rugby Museum. Community Rugby Programme (covering All Schools Project and Legacy Partners Aa 4). Rugby United and Support Women enlering into Rugby. The Community Rugby Programme is for the promotion of participation in rugby for the benefit of the public and the World Rugby Museum is for the exhibrtion of historical information and artefacts relating to Rugby. Rugby United Project intends to make a long-term cultural change in the club setting, making them more accessible and inviting to communities and groups who may not previously believed that rugby is a sport for them with the initial metrics based on social inclusion. empowerment and perception. The Debenture Donation Projects is a portion of the donation that has been restricted by the holders electing three projects for Ihe ftjnds to be spent on". gr¢)w referee numbers. supporting clubs grow the number of volunteers and grow the number of first aiders. The brought forward values and carried foNiard values of the restricted funds relate to All Schools Project. Legacy Partners Area 4. Rugby United and Supporting Women into Rugby. For the year ended 30 June 2025, the World Rugby Museum had income of £468.553 and expendrture of £468,553. The Community Rugby Programme had income £24.389.148 and expenditure of £24,389,148. Designated unrestricted funds represent 2 areas the first are approved grants where payment is subject to the rplent meeting certain conditions. which have not been met at year end. At the year-end these monies had not been paid and bwll be accounted for in future years provided that the condrtions are met to the Foundation's satisfaction. The second are funds that have been allocated for spend by the Twstees in the prior year on a number of projects. £1 m has tren designated by the Trustees to the Rugby United project with the intention to make long-term cultural change in the club setting. makn.ng them more accessible and inviting to communities and groups who may not have previously believed that rugby is a sport for them with initial metrics based on social inclusion, empowerment and percepts'on. 28
Dwsign ITr. [rt3374E.ECBC148O897s?C4g6 RUGBY FOOTBALL FOUNDATION NOTES TO THE FINANCIAL STATEMEKfs FOR THE YEAR ENDED 30 JUNE 2025 (continued) 16. Contingent Liabilities The Charity has classified the grant received from the RFU, for the communty rugby development programme. and the fee paid to RFDL. as restricted funds. In the prior year, the RFF approached the RFU to ascertain whether or not they would require that the net deficit be relurned to them, as is their right under the signed grant agreement. Consultstion with the RFU has confirmed that this will not be the case and therefore provision has not been made for this amount. As explained in the Trustees. report. the Foundation no longer apwoves grants (2024: £nil) or loans (2024.. £nil) therefore provision has not been made for this amount. 17. Related party transaction5 2025 2024 Amounts owed by RFU Amounts owed by IPF Amounts owed by RFDL Amounts owed by TEL Amounts owed to RFU Amounts owed to IPF Amounts owed to RFU - loan interest Amounts owed to RFDL Amounts owed lo TEL 58.831,033 49,690.858 37.261 2.313 73,082 119.449 53,751,458 44,362,310 The Foundation is a quasi-subsidiary of Ihe RFU. All balances conducted with the RFU and RFDL (a fully owned subsidiary ofthe RFUI have been summarised in the table above and are disclosed as amounts owed byno group undertakings within debtors and creditors. In the year the foll¢)wing related paty transaclions have occurred: the Foundation received a grant £24,100.000 from the RFU (2024.. £24.516,fj) the Foundation was charged interest of £73.082 (2024.. £119.449) by the RFU in respect ofthe loan the Foundation was recharged fundraising costs of £127.452 (2024.. £108.6931 by Ihe RFU the Foundation was charged for seNices provided to it by RFDL under the Communty Rugby Programme £24.100.00012024.' £24,516,000) the Foundation was charged £nil for Servi provrded to rt by RFDL under the All-schools Programme {2024'. £nil) 18. Status of the c¢)mpany The company is limited by guarantee. Any liabilty of its members is restricted to £1 per member. 29
Doa1* EnOre IO.. Cfa374EEC8W14B09¢897857COA RUGBY FOOTBALL FOUNDATION NOTES TO THE FINANCIAL STATEmErs FOR THE YEAR ENDED 30 JUNE 20261continued) 19. Ultimate controlling party The RFF rs limited by guarantee, so has no share capital and therefore no legal controlling party. On the basis of the Company being considered to be a quasiSubS1dlary of the RFU, its financial results and position are consolidated into the Group accounts of Ihe RFU. Copies of these Group accounts can be obtained from Rugby House, Allianz Sladiurn. 200 Whitton Road, Twickenham, mdIeSeX. TW2 7BA. UK. RFU is a registered society in England {¢ompany number IP27981 R). The Directors consider the Companls ultimate controlling party to be the RFU, the governing body for rugby in England. 20. Flnancial instruments The Charty has basic financial instruments including debtors, creditors and intragroup balances. All debtors and creditors are financial instruments measured at amortised cost. The Charity is exposed to credit risk in relation to financial assets such as debtors and intragroup receivables. The Charity is not exposed to significant interest rate or foreign currency rate risk. 30