Company registration number: 04976797
Charity registration number: 1101868
RUGBY
FOUNDATION
The Bath Rugby Community Foundation
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 30 June 2024
Milsled Langdon LLP
Chartered Accountants and Statutory Auditor
4 Queen Street
Bath
BA1 1HE

The Bath Rugby Community Foundation
Contents
Reference and Administrative Details
Trustees. Report
2105
Statement of Trustees, Responsibilities
Independent Auditors, Report
7t09
Statement of Financial Activities
10
Balance Sheet
Statement of Cash Flows
12
Notes to the Financial Statements
13to29

The Bath Rugby Community Foundation
Reference and Adminlstrative Details
Chlef Executlve Officer
Lynne Fernquest
Trustees
Tarquin McDonald
Christopher Potter
Louise Harvey
Emma Haines
Christopher Alexander
Claire Taylor
David Scotland
Andrew Fleming, resigned 18 June 2024
Halena Coury, Head of Fundraising
Alex Randall. Community Manager
Jonathan Wc¥)d, Alternative Learning Manager
Senior Management i
Leadership Team
Charlty Registration Number
1101868
Company Reglstration Number 04976797
The charity is incorporated in England and Wales.
Bath Rec Sports Hub
North Parade Road
Bath
BA2 4ET
Registered Office
Audltor
Milsted Langdon LLP
Chartered Accountants and Statutory Auditor
4 Queen Street
Bath
BA1 1HE
Bankers
Barclays Bank
15 Queen Square
Bristol
BS1 4NP
Page 1

The Bath Rugby Community Foundation
Trustees, Report
Introduction
The Trustees, who are directors for the purposes of company law, present the annual report together
with the financial statements and auditors, report for the year ending 30 June 2024.
Purpose of the Charity
Bath Rugby Community Foundation (BRCF) exists to empower vulnerable children and young people
(CYP) in Bath and its surrounding areas to succeed. We believe every child deserves a fair start in
life. The charity's objects are..
To advance and assist in advancing education.
To provide or assist in providing recreational and leisure facilities in the interests of social welfare,
wrth the aim of improving the conditions of life for those for whom the facilities are provided.
To promote other charitable purposes as deemed charitable by English law.
In accordance ¥Mth the Charities Act 2006, BRCF'S activities are carried out for public benefit. The
charity uses the power of sport to engage CYPS facing social and other disadvantages. The charity
aims to improve mental and physical health, build self-esteem and confidence, and foster life skills
that positively impact educational achievements and employability.
Overyiew of Activities
Inclusion
Our inclusion programmes provide young people from diverse and disadvantaged backgrounds the
opportunities to engage in physical activty, education, and social opportunities. fostering confidence
and life skills development.
Hi51 Clubs.. These after-school clubs for children with special educational needs and disabilities
(SEND) supported 1,494 young people this year, helping them build social connections and engage in
physical activity, addressing the challenges of isolation and inactivity.
Project Rugby & Mixed Ability Rugby= These initiatives focused on providing inclusive
opportunities for young people from underrepresented communities, empowering them to participate
in rugby and other sports. The programmes helped 715 families, and over 370 children transrtioned
into local sports clubs. expanding access to physical activity.
Breakout Hubs.. This year, the holiday programmes provided essential hot meals and a safe space
for children experiencing food insecurity. These hubs also encouraged physical and creative activities,
contributing to the overall mental and physical well-being of participants.
Education and Employability
Our education and employability programmes are designed to meet the needs of young people at risk
of exclusion from mainstream education.
Alternativè Learning Hub {ALH).' The ALH continues to provide a supportive and tailored approach
to education for young people facing challenges in traditional schooling. This year, 95°/o of ALH
students achieved their academic targets. demonstrating the effectiveness of this model in
empowering students to succeed and prepare for future educational or employment opportunities.
Schools Partnershlp Programme.. BRCF worked with 53 schools across the region. directly
engaging thousands of students to improve their resilience, life skills, and physical fitness This
programme is a key driver in addressing the educational attainment gap, especially in areas facing
high levels of poverty and disadvantage.
Page 2

The Bath Rugby Community Foundation
Trustees, Report
Financial Review
The total income for the year was £824,304 {2023.' £731,458). Income from grants, corporate
donations, and fundraising events formed the bulk of the revenue, with £395,490 {2023- £297,547) of
grant income supporting the foundation's key programmes.
The total expenditure for the year was £791,402 (2023.. £781,970), primarily directed towards
delivering programmes and maintaining the Foundation's operations.
The surplus on unrestricted funds for the year was £13,710 (2023.. deficit of £34,249). The surplus on
restricted funds for the year was £19,192 (2023.. deficit of £59,059).
Last years deficits reflect the way income and expenditure is accounted for by charities which is
different from commercial companies who have a closer correlation between revenue and cost. For
charities, the accounts are based on a flow of funds with income recognised when prescnbed criteria
are met. Those criteria do not necessarily correspond to the subsequent spending of the funds which
can lead to a surplus of *unds arising in one year followed by a deficit in the following year as funds
received in the prior year are spent. Unlike a commercial company where as 'loss' is seen as a
negative, for charities a defi¢it simply represents the positive spending of funds previously received on
the good V￿rk that the charity does.
Reserves Policy: The Trustees aim to hold reserves equivalent to three months of operational cosls,
which is approximately £200,000. The unreslricted reserves at the year-end were £145,013 (2023..
£131,303).
Fundraising Actlvities
The Foundation is entirely self-supporting. It generates its revenue through grants, donations and
diverse fundraising activities. These efforts are crucial to the charity's programmes and therefore the
charity seeks to avoid reliance on any single income stream.
A notable percentage of the charity's revenue comes from donations, particularly from high-net-worth
individuals and businesses that are committed to supporting the Foundation's mission. This support is
cultivated through personal relationships, targeted appeals, and corporate engagement initiatives
such as the 1 st XV Club Membership, where businesses and individuals contnbute £7,000 annually to
support the Foundation'5 activities. These relationships are foundational to the charity's long-term
suslainability.
In addition to direct donations, event income plays a vital role in fundraising. The charity benefits
significantly from high-profile fundraising events, including annual fundraising dinners and activities
held on Bath Rugby malchdays. These events not only generate critical income but also raise the
Foundation's profile within the community. helping to attract new donors and partners. The
combination of these strategic fundraising initiatives has enabled the Foundation to maintain financial
stability, even during challenging economic periods.
Governance
Bath Rugby Community Foundation's governance is overseen by its Board of Trustees, who are
responsible for ensuring the charity operates in line with best practices set forth by the Charity
Commission and other regulatory bodies. To uphold these standards, the Foundation uses a
Centralised record system that monitors the review and updating of all policies and procedures. This
system ensures that policies remain current and compliant with evolving Statutory requirements and
charily governance guidelines.
Page 3

The Bath Rugby Community Foundation
Trustees. Report
The central record not only facilitates regular policy reviews but also provides a clear framework for
governance oversight. It covers critical areas such as safeguarding, health and safety, fundraising,
and data protection. A nominated member of the Board of Trustees examines this record, allowing
them to address risks proaclively and ensure thal the charity remains fully compliant across all
operational areas.
Risk Management
The Trustees continuously evaluate and manage risks that may impact the charity, focusing on key
areas such as safeguarding, income generation, and health and safety. Policies related to these risks
are periodically updated to minimise potential threats and ensure that BRCF operates in a safe,
effective, and sustainable manner. This process is integral to the Foundation's broader governance
strategy and helps to Safeguard its ongoing success.
Safeguarding
Safeguarding remains a priority, with continuous monitoring and updating of safeguarding policies and
procedures. The introduction of the online platform My Concern has improved the management of
safeguarding concerns and disclosures.
Future Plans
The Bath Rugby Community Foundation is driven by an ambitious vision to deepen its impact and
extend its reach across Bath and the surrounding region. In the coming year, we are committed to
scaling up our employability programmes, providing more young people with the skills, confidence,
and opportunities they need to thrive in education, work. and life. By empowering those who face the
greatest challenges we aim to break down barriers and create lasting, transformative change_
We will be deepening our engagement with the community, extending our programmes to reach more
vulnerable children and families who need our support. By growing partnerships with schools, local
organisations, and businesses, we wll offer even more young people access to life-changing
experiences and pathways to a brighter future.
To fuel this gr0￿h, we are prioritising the expansion of our fundraising efforts, seeking new grants
and strengthening our relationships with corporate partners. These collaborations are vital to ensunng
the long-term sustainability of our programmes and enabling us to Continue our mission of creating
lasting change in the lives of children and young people across the region.
Disclosure of information to auditor
Each Trustee has taken steps that they ought to have taken as a Trustee in order to make themselves
aware of any relevant audit informalion and to establish that the charity's auditor is aware of that
information. The Trustee confirm that there is no relevant information that they know of and of which
they know the auditor is unaware.
Small companies provlslon statement
This report has been prepared in accordance with the small companies regime under the Companies
Act 2006.
Page 4

The Bath Rugby Community Foundation
Trustocs. Report
bkntt by
>r ano S>jn￿ on its
Ikl,.]
Pagè 5

The Bath Rugby Community Foundation
ststement of Trustees. Responsibilities
The Tiv51f￿ {wts) are also dIT￿leAS of The 8ath Rugby Cunmunty Ftsjrthtion for trK" Wr￿e5
ol comwny la*) arc fesponsth for prepafry the Trustccs, rer*Yt and ffiar£o1 slalements m
¢ryd3rte ￿p[I￿le United Krys￿ AccounDry s￿￿r￿s (Unfjed Kir4dtrn
Generalty Accepled Accwntinq Pr￿￿), IrrI￿lY￿ FRS 1ff2 F*wKta6 ReFKx1iig Stwtsd
aFplt*lc UK a￿$ Rewblic of Ir¢lar*r
C￿lp￿Y jaw rcquwes the TfWt¢es to Prcpare flfw￿ls1 st3tements fty cth soar. UnL
ccxnpwy thé Tw5tces musi not aFsvove thc sk*Jnents unle5¥" Ifw .?re s*isf*d ltrwt
Ihey gr¥Y a ¥KJ faw Nie* of Ihe Stsie of affairs of the ch*rtat* ccrfnpany •id of Ihe rtrniirvj
(￿￿ourCeS and ax)INXw of fes4xJrctrs, fftdLKJing ts income aThJ exDenditure, oi the ctwitable
ccxnpany for that perrjj In wepariffj these finarKial staiL¥nents. th¢ TN51ees arc requif&J lo"
. seknl surfats￿ &¢<￿nI1￿ &KI appty I￿rn constsloity.
eknseNe trt metlKxls w￿pIeS Chdrrt*s SORP..
slatc whetPw appltabbe aCc￿nI#￿ stsrKlards. ccrn￿l$ing FRS 102 been fokpATd. s
to any rnate￿ dewtuiL% d*th)sed 3nd explained finarrial 5IdtLYnL￿nts, and
The Trustees Jre Tespffisiblc ts keepwg Fyryjcr acc￿Jn￿19 records Ihai ¢3n dscthe wth re￿
curacy at any trne ￿ fin3ncial positK)n of cc¥np(Iny eI￿le io ensure that
stat￿ents compty wth ts ccffip￿Ies kt 2C*% They are *0 rcsponsib5e trjr
saloguardKy the assels ol Ihe ￿aDl1b1e c(xnpany aTrJ Iwre reasonth sleps lor the
iYe¥&ilMJ wd doteciKm of fra￿ other fffegulwities
Trusiees we lu tThe rr.Jinten¥u' ¢irxJ Inie9rity ot the wF¥)rate and fi'n3noal
Infc*maiion induded on thc rjaritabie ccmpanls websrte LegisFatton govemif¥J the aThJ
O¢semination ol fin*Kial st*ienh may differ frcffi legtsL7ts￿ In other jurisdictior
AFVU￿￿ TflAtees Df charty ￿ .,
T(L￿tee
16114

The Bath Rugby Community Foundation
Independent Auditor's Report to the Members of The Bath Rugby Community
Foundation
Oplnion
We have audiled the financial statements of The Bath Rugby Community Foundation (the 'charity'l for
the year ended 30 June 2024, which comprise the Statement of Financial Activities, Balance Sheet
Slatement of Cash Flows, and Notes lo the Financial Statements. including a summary of significant
accounting policies. The financial reporting framework Ihat has been applied in their preparation is
United Kingdom Accounting Standards, comprising Charities SORP FRS 102 'The Financial
Reporting Standard applicable in the UK and Republic of Ireland, and applicable law (United Kingdom
Generally Accepted Accounting Practice).
In our opinion the financial slatements..
give a true and fair view of the state of the charity's affairs as at 30 June 2024 and of its incoming
resources and application of resources, including its income and expenditure, for the year then
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice, and
have been prepared in a￿OrdanCe 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
responsibilities for the audit of the financial statements section of our report. We are independent of
the charily in accordance with the ethical requirements that are relevanl to our audit af the financial
statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with Ihese requirements_ We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to golng 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 were authorised for issue.
Our responsibililies and the responsibilities of the Trustees wth respect to going concern are
described in the relevant sections of this report.
Other Information
The Trustees are responsible for the other informalion. The other information comprises the
infomiation included in the annual report, other than the financial statements and our auditor's report
thereon. Our opinion on the financial statements does not cover the other information and, except to
the extent otherwse explicitly stated in our report, we do not express any form of assurance
conclusion thereon.
Page 7

The Bath Rugby Community Foundation
Independent Auditorfs Report to the Members ofThe Bath Rugby Community
Foundation
In connection with our audit of the financial statements, our responsibility is lo 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 audit or otherwise appears to be materially
misstated. If we identify such material inconsistencies or apparent material misstatements, we are
required to determine whether there is a material misstatement in the financial statements or a
material misstatement of the other information. If, based on the work we have performed, we conclude
that there is a material misstatement of this other information, we are required lo report that fact.
We have nothing to report in this regard.
Oplnion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Trustees, Report for the financial year for which the financial
statements are prepared is consistent with Ihe financial statements., and
the Trustees, Report has been prepared in accordance with applicable legal requirements.
Matters on whlch we are requlred to report by ex¢ept5on
In the light of our knowledge and understanding of the charity and its environment obtained in the
course of the audit, we have not identified malerial misstatements in the Trustees, Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires
us to report to you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not been
received from branches not visited by us., or
the financial statements are not in agreement with the accounting records and returns., or
certain disclosures of Trustees remuneration specified by law are not made., or
we have not received all the information and explanations we require for our audit.
the directors were not entitled to prepare the financial statements in accordance with the small
companies regime and take advantage of the small companies, exemption5 in preparing the
Directors, Report and from the requirement to prepare a Strategic Report.
Responsibilitles of Trustees
As explained more fully in the Statement of Trustees, Responsibilities (set out on page 7), the
Trustees 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 detèrmine 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 charity or to ¢ease
operations, or have no realistic alternative but to do so.
Page 8

The Bath Rugby Communlty Foundation
Independent Audltor's Report to the Members of The Bath Rugby Community
Foundatlon
Auditor responsibilities for tho audll of tho financial statements
Our objectives are to obtain reasonable assurance about wheth8r the financial statements as a whole
are freé from material misslatem6nt, whether due to fraud or error, and to issue 8n 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 aris6 from fraud or error and are considered materlal if, individually
or in Ihe aggregate, they could reasonably be expected to influence the economic decisions of users
taken on the basis of these financial stat8ments.
The 6Xtent to which our procedures ar6 capabl8 of detecting irregularities. including fraud is detailed
below:
Obtained an understanding of the nature of the industry and sector, including the legal and
regulatory framework that the company operates in and how the company Is complwng the legal
and ra9ulatory framework.,
Inquired of management, and those charged hwth governance, about their own identificatlon and
assessment of the risks or l￿egUla￿tieS. including known and actual, 6uspecled or alleged instanc8S
of fraud;
Discussed matters about non-compliance with laws and regulations and how fraud might occur
including assessmènt of how and where the financial stalements may be susceptible to fraud.
How8ver. it is the primary responsibility of management, wrth the oversight of Ihos8 charged with
gov&mance. lo ensure that the enlivs operations are conducted in accordance with the provisions of
laws and regulations and for the prevention and detection of fraud.
A further description of our responsibilities is available on the Financial Reporting Council's website
at: wvM.frc,org.uklauditorsr9sponsibilities. This description forms part of our auditor's report.
U80 of our report
This r8POrt Is made solely to the charitable company's Trustees, as a body, in accordanc8 WTth
Chapter 3 of Part 16 of thè Companies AGt 2006. Our audit work has ￿en undertaken so that we
might stale lo thé charity's Trustee8 those mattèrs we are required to state to them in an audilorfs
report and for no other purpose. To the fullèsl extent permllled by law, we do not accept or assum
responsibility lo anyone other than Ihe charitable company and its Trustees as a body, for our audit
work. for this report, or for th6 opinions we have formed.
lan Lloyd (Sonior Statutory Auditor)
For and on behalf of Milsted Langdon LLP, Statutory Auditor
4 Queen Street
Bath
BAI 1HE
Dat8".
Page 9

The Bath Rugby Community Foundation
Statement of Financial Activities for the Year Ended 30 June 2024
(Including Income and Expenditure Account)
Unrestrlcted
funds
Restricted
funds
Total
2024
Total
2023
Note
Income and Endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investment income
314,241
210,295
112,848
1,725
314,241
395,490
112,848
1,725
359,398
297,547
73,826
687
185,195
Total income
639,109
185,195
824,304
731,458
Expendlture on:
Raising funds
Charitable activities
(229.164)
(396,235>
(229,1641
(562,238)
(183,403)
{841 ,363)
1166,003)
Total expendilure
(625.399)
{166,003
(791.4021
{824,766
Net incomellexpenditure)
Net movement in funds
13,710
19,192
32,902
193,308)
13,710
19,192
32,902
(93,308)
Reconciliatlon of funds
Total funds brought forward
Total funds carried forward
131,303
119,262
250,565
343,873
18
145,013
138,454
283,467
250,565
All of the charity's activities derive from continuing operations during the above periods.
The funds breakdown lor 2023 is shown in note 18.
The notes on pages 13 to 29 form an integral part of these financial Statements.
Page 10

The Bath Rugby Communty Foundation
{Registration number: 04976797)
Balance Sheot as at 30 June 2024
2024
Tar¢ible assets
Cun•nt assets
Dets￿
Cash at arKI m hwd
13
14.801
4.461
14
15
103.209
228.249
123.950
2Cg.S32
331.458
333.482
Cr•ditor3: Amounts faaing du• w•thin one y
Nat eurr•nt ass•ts
16
87.378
?.68.686
246.104
?.83,467
250,565
Funds of th• charity:
Resiricled fur
138.454
119.262
UnrTStrKt•d in¢om• funds
UrYestrKted I
145.013
131.303
Tot•1 Iynds
18
283.467
29),T￿S
The fin¥￿1 statements paqes 10 to 29 we by Ihe Tfustees. ar#J ￿1r￿￿￿e£l for issue
. * . arm8 svJrKd on Ihu'r bchaff by..
Tiustec
IL
£F
Paw11

The Bath Rugby Community Foundation
Statement of Cash Flows for the Year Ended 30 June 2024
2024
2023
Note
Cash flows from operating activlties
Net cash incomel(expenditure)
Adjustments to cash flows from non4ash Items
Depreciation
Investment income
32,902
(93,308)
13
5.154
(1,7251
36,331
5,913
(687)
{88,082)
Working capital adjustment5
Decreasellincrease) in debtors
(Decrease)lincrease in creditors
Net cash flows from operating activities
Cash flows from Investing attivitl8S
Interest receivable and similar income
Purchase of tangible fixed assets
Net cash flows from investing activities
Net increasel(decrease) in cash and cash equivalents
Cash and cash equivalents at 1 July
Cash and cash equivalents at 30 June
14
16
20,741
24,585
(12,4441
42,950
32,487
57,576
1.725
15,495)
687
2,535
13
13,770)
(1,848
18,717
(59,424)
268,956
209,532
228,249
209,532
All of the cash flows are derived from continuing operations during the above ￿ periods
The notes on pages 13 to 29 form an integral part of these financial statements.
Page 12

The Bath Rugby Community Foundation
Notes to the Financial Statements for the Year Ended 30 June 2024
1 Charlty status
The Charity is limited by guarantee, incorporated in England and Wales, and consequently does not
have share capital. Each of the Trustees is liable to contribute an amount not exceeding £1 towards
the assets of the charity in the event of liquidation.
The address of ils registered office is..
Bath Rec Sports Hub
North Parade Road
Bath
BA2 4ET
These financial statements were authorised for issue by the Trustees on
2 Accounting polici8S
Summary of significant accountwng policies and key accountlng estimates
The principal accounting policies applied in the preparation of these financial statements are set out
below. These policies have been consistently applied to all the years presented, unless otherwise
stated.
Statement of compliance
The financial stalements have been prepared in accordance with 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 IFRS
102) {effeGlive 1 January 20191 (Charities SORP {FRS 102}), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act
2006 and Charities Act 2011.
Basis of preparatlon
The Bath Rugby Community Foundation meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise
stated in the relevant accounting policy notes.
Going concern .
The Trustees consider that there are no material uncertainties aboLrt the charity's ability to Continue as
a going concern nor any significant areas of uncertainty that affect the Carrying value of assets held by
the charity.
The Trustees have reviewed the supply chains, key donors and the capital resources available and
consider that the charity ha5 adequate resources in place to continue trading for the next tmelve
months.
Income and endowments
All income is recognised once the charity has entitlement to the income, it is probable that the income
will be received and the amount of the income receivable can be measured reliably.
Page13

The Bath Rugby Community Foundation
Notes to the Financial Statements for the Year Ended 30 June 2024
Donations and legacies
Donations are recognised when the Charity has been notified in writing of both Ihe amount and
settlement date. In the event that a donation is subject to conditions thal require a level of
performance by the charity before the charity is entitled to the funds, the income is deferred and not
recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly
within the control of the charity and it is probable that these conditions will be fulfilled in the reporting
period.
Investment income
Dividends are reGognised once the dividend has been declared and notification has been received of
the dividend due.
Volunteer tlme
No amount is included in the financial statements for volunteer time in line with the Charity SORP
(FRS 102).
Expendlture
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is
probable settlement is required and the amount can be measured reliably. All costs are allocated to
the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot
be directly attributed to particular headings they have been allocated on a basis consistent with the
use of resources. with central staff Costs allocaled on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use. Other support costs are allocated based on the
spread of staff costs.
Irrecoverable VAT is included as a separate expense in the Statement of Financial A¢tivities.
Raising funds
These are costs incurred in attrading voluntary income, the management of investments and those
incurred in trading activities that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities
and services for its beneficiaries. It includes both costs that can be allocated directly to such activities
and Ihose costs of an indirect nature necessary to support them.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis
consistent with the use of resources, for example, allocating property costs by floor areas. or per
capita, staff costs by the time spent and other costs by their usage.
Governance costs
These include the costs attributable to the charity's compliance with constitutional and statutory
requirements, including audit, strategi¢ management and Trustees meetings and reimbursed
expenses.
Page 14

The Bath Rugby Community Foundation
Notes to the Financial Statements for the Year Ended 30 June 2024
Taxation
The charity is considered to pass the lests set out in Paragraph 1 Schedule 6 of the Finance Act 2010
and therefore it meets the definition of a charitable company for UK corporation tax purposes.
Accordingly, the charity is potentially exempt from taxalion in respect of income or capital gains
received within categories covered by Chapter 3 Part 11 of Ihe Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are
applied exclusively lo charitable purposes.
Tangible fixed assets
Individual fixed assets costing £500 or more are initially recorded at cost, less any subseqLFent
accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortlsation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any
estimated residual value, over their expected useful economic life as follows..
Asset class
Furniture and equipment
Motor vehicles
Depreclation method and rate
10 /0 Straight line
25 /0 Straight line
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or seNices performed in the
ordinary Course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at
amortised cost using the effective interest method. les5 provision for impairmenl. A provision for Ihe
impairment of trade debtors is established whèn there is objective evidence that the charity will not be
able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highty
liquid investments that are readily convertible to a known amount of cash and are subject to an
insignificant risk of change in value.
Page 15

The Bath Rugby Community Foundation
Notes to the Financial Statements for the Year Ended 30 June 2024
Trade credltors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary
course of business from suppliers. Accounts payable are classrfied as current liabilities if the charity
does not have an unconditional right, at the end of the reporting period, lo defer settlement of the
creditor for at least ￿1ve months after the reporting date. If there is an uncondttional right to defer
settlement for at least ￿e1ve months after the reporting date, they are presented as non-current
Trade creditors are recognised initially al the transaction price and subsequently measured at
amortised cost using the effeGtive interest method.
Fund structure
Unrestricted income funds are general funds that are available for use at the Trustees discretion in
fijrtherance of the objectives of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the
Trustees.
Restricled income funds are those donated for use in a particular area or for specific purposes, the
use of which is restricted to that area or purpose.
3 Income from donations and legacles
Unrestricted
funds
Total
2024
Total
2023
Donations and legacies.,
General donations
First XV
Annual dinner
Gift aid
Foundation day
156,848
68,700
59,425
18,518
10,750
156,848
68,700
59,425
18,518
10,750
188,575
80,500
64,987
14.238
11,098
314,241
314.241
359,398
£314,241 (2023 - £359,398) of the income above was attribulable to unrestricted funds and £Nil (2023
£Nil) attribulable to restricted funds.
Page 16

The Bath Rugby Community Foundation
Notes to the Financial Statements for the Year Ended 30 June 2024
4 Income from charitable actlvltles
Unrestrlcted
funds
Restricted
funds
Total
2024
Total
2023
Education
Inclusion
Employability
Health
197.425
12,870
197,425
141.241
143,168
68,325
7,064
78,990
128,371
56,824
56,824
210,295
185,195
395.490
297,547
£210,295 (2023 - £206,722) of the income above was attributable to unrestricted funds and £185,195
{2023 - £90,825) attributable to restricted funds.
S Income from other trading activlties
Unrestricted
funds
Total
2024
Total
2023
Shirt Raffle income
Other Fundraising
Bath Half Marathon
51,117
38,404
23,327
112,848
51,117
38,404
23,327
27,783
18,515
27,528
73,826
112,848
£112,848 (2023 - £73,826) of the income above was attributable to unrestricted funds and £Nil {2023 -
£Nil) attributable to restricted funds.
Page 17

The Bath Rugby Community Foundation
Notes to the Financial Statements for the Year Ended 30 June 2024
6 Investment income
Unrestrlcted
funds
Total
2024
Total
2023
Interest receivable on bank deposits
1,725
1,725
687
£1.725 {2023 - £6871 of the income above was attributable to unrestficted funds and £Nil (2023 - £Nil)
attributable to reslncted funds.
7 Expenditure on raising funds
Unrestricted
funds
Total
2024
Total
2023
online Giving Fees
Bath Half Marathon
Shirt Raffle
Annual Dinner
Community
General donations
Season Ticket Renewal
Trusts and Funds
Matchday Support Costs
First XV
Grant Support Costs
Sponsor a student
Foundation day
4,980
19,962
19,649
29,870
32,471
696
1,622
75,074
793
23,722
4,980
19,962
19,649
29,870
32.471
896
1,622
75,074
793
23,722
3,505
16,823
6.296
30,489
4,929
34,984
9,468
18,468
35,505
18,719
4,217
18,198
2,127
18,198
2,127
229,164
229,164
183,403
£229,164 (2023 - £183,403) of the expenditure above was attributable to unrestricted funds and £Nil
(2023 - £Nil) attributable to restricted funds.
Page 18

The Bath Rugby Community Foundation
Notes to the Financial Statements for the Year Ended 30 June 2024
8 Expendlture on charitable actlvities
Unrestricted
funds
Restricted
funds
Total
2024
Education
Inclusion
Employability
Health
282,667
83,655
721
29,192
282,667
194,485
2,050
83,036
110,830
1,329
53,844
396.235
166,003
562,238
Unrestrlcted
fund5
Restricted
funds
Total
2023
Education
Inclusion
Employability
Health
251,034
103,154
15,099
122,192
491,479
12,705
108,213
8,366
20,600
263,739
211,367
23,465
142.792
149,884
641,363
Activity
undertaken
directly
Activity
support
costs
2024
Education
Inclusion
Employability
Health
183,292
126,112
1,329
53,844
99,375
68,373
721
29.192
282,667
194,485
2,050
83,036
364,577
197,661
562,238
Activity
undertaken
directly
Activity
support
costs
2023
Education
Inclusion
Employability
Health
145,306
116,451
12,928
78,671
118,433
94,915
10,537
64.122
283,739
211,366
23,465
142,793
353,356
288,007
641,363
Page 19

The Bath Rugby Communlty Foundation
Notes to the Financlal Statements for the Year Ended 30 June 2024
Support costs
Unrestrlcted
funds
Total
2024
Total
2023
Premises
Office costs
Motor expenses
Travel and subsistence
Marketing and Communications
Depreciation of office equipment
Wages and salaries
Legal and professional fees
Governance costs
22,419
8,998
6,729
22,419
8,998
6,729
34,473
10,705
6,659
144
50,424
5.914
148,483
13,611
17,594
6,993
5,154
118,341
17,918
11,109
6,993
5,154
118.341
17,918
11.109
197,661
197,661
288,007
9 Net Incomingloutgoing resources
Net incomingl{outgoing) resources for the year include..
2024
2023
Operating leases - other assets
Audit fees
Other non-audit services
Depreciation of fixed assets
8,112
7,682
3,427
5,154
8,792
7,300
3,344
5,913
10 Trustees remuneration and expenses
No Trustees, nor any persons connected with them, have received any remuneration from the charity
during the year.
No Trustees have received any reimbursed expenses from the charity during the year.
Page 20

The Bath Rugby Community Foundation
Notes to the Financial Statements for the Year Ended 30 June 2024
11 Staff costs
The aggregate payroll costs were as follows..
2024
2023
Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs
434,209
34,992
4,393
389,101
25,258
8.082
473.594
422,441
The monthly average number of persons (including senior management I leadership team) employed
by the charity during the year expressed as full time equivalents was as follows..
2024
No
2023
Management
Fundraising
Programmes
12
14
14
The number of employees whose emoluments fell within the following bands was..
2024
No
2023
No
£70,001- £80,000
£80,001 - £90.000
The total employee benefits of the key management personnel of the charty were £265.309 (2023 -
£170,153).
12 Taxation
The charity is a registered charty and is therefore exempt from taxation.
Page 21

The Bath Rugby Community Foundation
Notes to the Financial Statements for the Year Ended 30 June 2024
13 Tangible fixed assets
Furniture and
equipment
Total
Cost
At 1 July 2023
Additions
61,585
15,495
61,585
15,495
At 30 June 2024
77,080
77.080
Dep￿GIatiOn
At 1 July 2023
Charge for the year
At 30 June 2024
57,125
5,154
57,125
5,154
62,279
62,279
Net book value
At 30 June 2024
14,801
14,801
AI 30 June 2023
4,460
4,460
14 Debtors
2024
2023
Trade debtors
Prepayments
Accrued income
77,440
14.724
11,045
103,209
71,208
14,950
37,792
123,950
15 Cash and cash equivalents
2024
2023
Cash on hand
Cash at bank
148
228,101
126
209,406
228.249
209,532
Page 22

The Bath Rugby Community Foundation
Notes to the Financial Statements for the Year Ended 30 June 2024
16 Credltors: amounts falling due wilhln one year
2024
2023
Trade creditors
Other taxation and social security
Other creditors
Accruals
19,700
8,675
25,973
8,444
31,728
9,544
36,160
9,946
62,792
87,378
2023
Resources deferred in the period
34,442
17 Obligations under leases and hire purchase contracts
Operatlng lease commltments
Total future minimum lease payments under non-cancellable operating leases are as follows..
2024
2023
Land and buildlngs
WÈthin one year
Between one and five years
6,425
8,823
8,576
13,098
21,674
15,248
Other
Within one year
Be￿eell one and five years
1,264
2,528
1,517
4,550
3,792
6,067
Page 23

The Bath Rugby Community Foundation
Notes to the Financial Statements for the Year Ended 30 June 2024
18 Funds
Balance at
1 July 2023
Balance at
30 June
2024
Incomtng Resources
resources
expended
Transfers
Unrestricted funds
General
General Funds
54,947
639,109
(620,245)
(15,494)
58,317
Designated
Core Cost Fund
Tangible Fixed Asset
Fund
71,895
71,895
4,461
5.154
15,494
14,801
76,356
5,154)
15,494
86,696
Total unrestricted funds
131,303
639,109
625,399
145,013
Restrlcted funds
Development Fund
Volunteer Programme
High Five Club
Project Rugby Phase 3
HAF - Breakout
Move wyth Bath
95,441
5,841
5,875
4,330
95.441
4,512
24,292
3,455
{1,329)
{17,963)
{92,866)
(34,324)
19,521
36,380
91.991
34,324
22.500
7,775
10,754
Total restrlcted funds
119.262
185,195
(166,003
138,454
Total funds
250,565
824,304
(791,402
283,467
Page 24

The Bath Rugby Community Foundation
Notes to the Financial Ststements for the Year Ended 30 June 2024
Balance at
30 Jun•
2023
Balance at
1 July 2022
Incoming Resources
resources
expended
Transfers
Unrestricted funds
General
General Funds
85,818
640,633
(668,969)
{2,535)
54,947
Designated
Core Cost Fund
Tangible Fixed Asset
Fund
71,895
71,895
7,839
5,913)
5,913)
2,535
4,461
79,734
2,535
76,356
Total unrestricted funds
165,552
640,633
674,882)
131,303
Restricted
Development Fund
Raising the Game,
Secondary
Volunteer Programme
Heart of a Lion
High Five Club
Project Rugby Phase 3
Mindset Matters
Move with Bath
Farleigh Performance
Total restrlcted funds
95,441
95,441
6,726
9.382
4,641
31,442
14,010
5,979
5,875
4,825
(6,726)
(3,541)
(4,841)
(29,165)
(74,407)
(5,979)
(20,600)
(4,825
5,841
3.598
64,727
5,875
4,330
22,500
7,775
178,321
90,825
{149,884
119,262
Total funds
343,873
731,458
824,766
250,565
Page 25

The Bath Rugby Community Foundation
Notes to the Financial Statements for the Year Ended 30 June 2024
The specific purposes for which the designated funds are to be utilised are as follows..
Core Cost Fund
The Core Cost Fund is to be used to further improve the efficiency and impact of the Charity.
Tangible Fixed Asset Fund
The Tangible Fixed Asset Fund represents the value of tangible fixed assets held in the Balance
Sheet and are included within a separate designated fund to indicate that these funds are not
available to be spent within general funds or free reserves without the sale of the assets.
The specific purposes for which the restricted funds are to be utilised are as follows..
Development Fund
This can be used at the discretion of the Trustees for income generating activities.
Ralsing the Game Secondary
Raising the Game Secondary is secondary school-based mentoring programme for children who are
disengaged with school andlor at risk of exclusion. This is an intensive programme and the
participants are supported in small groups.
Volunteer Programme
This trains volunteers in support of the foundation. There has been no movement in this fund because
March - June training did not take place.
Heart of a Lion
This is a program me funded by Heart Research UK working with students in Y5 from primary schools
in Bath and the surrounding areas. The aim of the programme is to educate the children about the risk
factors of heart disease and how to ensure they have a healthy heart. This programme has now been
fully delivered with the remaining income being invoiced following the submission of a final report to
Heart Research UK.
Schools Partnership
A school-based mentonng programme for primary and secondary school children who are disengaged
with mainstream education andlor at risk of exclusion.
Project Rugby
A joint initiative between Premiership Rugby and the clubs, Gallagher and England Rugby and aims to
increase participation in the game by people from traditionally underrepresented groups.. Black, Asian
& Minority Ethnic People, People from Lower Socio-Economic backgrounds (top 30 % IMD), Disabled
People.
Advantage
This is a partnership with the West of England Combined Authority and is for 19 to 24-year-olds who
are already, or are in danger of becoming, NEET (Not in Education. Employment or Training). The
course was created to not only encourage young people to enrol on college courses or gain the
confidence to find job roles. but also to create a peer support group within them in which they could
encourage and support each other on their journey.
Alternative Learnlng Hub
The Foundation has teamed up with Bath College lo deliver an education programme for teenagers
disengaged with traditional education. Students learn differently. Cooking with professional chefs.
trading with professional accountants and training with Olympic medal winning athletes can all be
expected in a day Our lessons and assessments are different. A podcast might be seen as equal to a
written assessment.
Page 26

The Bath Rugby Community Foundation
Notes to the Financial Statements for the Year Ended 30 June 2024
Breakout
The Holiday Activities Fund funded programme is a multi-agency holiday food and activity programme
based in community hubs in high need areas. supporting key vulnerable familiès, across Bath and
North East Somerset. Each hub supports with playlcraftslsports and hol nutritious food, alongside
cooking and wellbeing workshops and food parcels. Hub also provides much-needed parental down
time and educational support.
Move With Bath
A 12-week programme providing localised and accessible indoor and outdoor space for children to
engage in nutritional activities and physical activity. With positive Primary and Secondary School
relationships in all schools in Trowbridge, the Foundation works with school nurses and pastoral leads
to identify participants who require support. Working closely with Active Trowbridge, the Foundation
can signpost to complementary activities.
Hi5 Club
This is an after-school club to encourage children and young people wth Special Educational Needs
and Disabilitses to take part in social events and physical activity.
Farleigh Performance
Farleigh Performance is not a delivery programme, it's an executive leadership company we
sometimes work in partnership with and they pay us.
Page 27

The Bath Rugby Community Foundation
Notes to the Financial Statements for the Year Ended 30 June 2024
19 Analysis of net assets between funds
Unrestrlcted
funds
General
Total funds
at 30 June
2024
Restricted
funds
Tangible fixed assets
Cuffent assets
Current liabilities
14,801
193.004
62,792
14,801
331,458
{62,792
138.454
Total net assets
145,013
138,454
283,467
Total funds
at 30 June
2023
Unrestricted funds
General
Deslgnated
Restrlcted
funds
Tangible fixed assets
Current assets
Currenl liabilities
4,461
71.895
4,461
333,482
(87,378)
250.565
142,325
(87.378}
54,947
119,262
Total net assets
76,356
119,262
20 Analysls of nat funds
At 1 July
2023
Financing
cash flows
At 30 June
2024
Cash at bank and in hand
209,532
18,717
228,249
Net debt
209,532
18,717
228,249
Page 28

The Bath Rugby Community Foundation
Notes to the Financial Statements for the Year Ended 30 June 2024
At 1 July
2022
Financing
cash flows
At 30 June
2023
Cash at bank and in hand
268,956
{59,424
209.532
Net debt
268.956
{59,424)
209,532
21 Related party transactions
During the year the charity made the following related party transactions..
Bath Rugby Limited
During the period Mr T McDonald, a Trustee, was Chief Executive Officer of Bath Rugby Limited.
During the period costs charged to the charity by Bath Rugby Limited were £21,459 {2023 - £54,393).
Certain Costs were brought in-house in the year.
During the period income received by the charity from Bath Rugby Limited amounled to £45,000
(2023 - £25,500).
At the balance sheet date the amount due from Bath Rugby Limited was £Nil {2023 - £16.385).
Page 29