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← The Bath Rugby Community Foundation

2025-06-30-accounts

Company registration number: 04976797 Charity registration number: 1101868

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FOUN DAT TOR
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The Bath Rugby Community Foundation

(A company limited by guarantee) Annual Report and Financial Statements

for the Year Ended 30 June 2025

ML Audit LLP Statutory Auditor 4 Queen Street Bath BA1 1HE

The Bath Rugby Community Foundation

Contents

Reference and Administrative Details Administrative Details Administrative Details Administrative Details Administrative Details Administrative Details Administrative Details Administrative Details Administrative Details Administrative Details Administrative Details Administrative Details Administrative Details Administrative Details Administrative Details Administrative Details 1
Trustees’ Report 2to6
Statement of Trustees' Responsibilities 7
Independent Auditors' Report 8 to 10
Statement of Financial Activities 11
Balance Sheet 12
Statement of Cash Flows 13
NotestotheFinancial Statements 14to29

The Bath Rugby Community Foundation

Reference Reference Reference Reference Reference and and and and Administrative Details Administrative Details Administrative Details Administrative Details Administrative Details Administrative Details Administrative Details Administrative Details Administrative Details Administrative Details Administrative Details Administrative Details Administrative Details Administrative Details Administrative Details Administrative Details Administrative Details Administrative Details Administrative Details
Chief Executive Officer
Lynne		 Fernquest
Trustees Tarquin McDonald
Christopher Potter
Louise Harvey
Emma Haines
Christopher Alexander
Claire Taylor
David Scotland
Emmaz~~-L~~ouise Davis, (appointed 20 July 2024)
Senior Management/
Halena Coury, Head of		 Fundraising
LeadershipTeam Alex Randall, CommunityManager
Jonathan Wood, Alternative Learning Manager
Charity Registration Number
1101868
Company Registration Number
04976797
The charity is incorporated in England and Wales~~.~~
Registered Office Bath Rec Sports Hub
North Parade Road
Bath
BA2 4ET
Auditor ML Audit LLP
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 2025 ~~.~~

Purpose of the Charity

The Bath Rugby Community Foundation (‘Bath Rugby Foundation’) exists to change young lives. Our vision is simple but powerful - every child deservesa fair start in life ~~.~~ We provide social, emotional and practical support for children and young people who need it most ~~-~~ those who face barriers to education, wellbeing, and opportunity. Using the power of sport and education, we help young people feel seen, heard and supported, building the confidence and skills they need to thrive.

The Foundation’s charitable objectives are to:

* Advance education ~~.~~

All activities are carried out for the public benefit in accordance with the Charities Act 2011 ~~.~~

Overview of Activities 2024/25

In 2024/25, Bath Rugby Foundation delivered another year of meaningful growth, supporting 5,475 children and young people across Bath and the surrounding areas, those who need support but too often fall through the cracks.

Through the powerful combination of education and sport, our team delivered:

The Work We Do: Our Five ~~-~~ Step Pathway

At Bath Rugby Foundation, we believe that every young person deserves a fair start in life ~~-~~ and that takes more than a single programme. It takes a joined ~~-~~ up pathway that walks beside them from early years right through to adulthood. Our pathway of support spans five key steps, designed to meet young people wherever they are on their journey ~~-~~ helping them build confidence, develop life skills, and create positive pathways to independence.

Page 2

The Bath Rugby Community Foundation

Trustees’ Report

1 ~~.~~ Schools Partnership ~~-~~ Building the Foundation

Our Schools Partnership programme is often the first step on a young person’s journey with Bath Rugby Foundation ~~.~~ Delivered in primary and secondary schools, it uses the values of rugby ~~-~~ teamwork, respect, enjoyment, discipline and resilience ~~-~~ to build confidence, improve physical and emotional wellbeing, and raise aspirations. This year we worked with 30 schools, engaging hundreds of children who are at risk of falling behind, and helping families build stronger links with education. The Schools Partnership lays the groundwork for lifelong learning and trust ~~-~~ introducing young people to sport-led development in a safe and familiar environment.

2. Engage ~~-~~ Reconnecting to Education

As pupils move into secondary school, some begin to disengage. That’s where our Engage Hubs step in. These off ~~-s~~ ite, small-group settings offer a short ~~-~~ term intervention for children who are emotionally or socially disconnected from school. Using sport, mentoring and trusted adult relationships, Engage helps young people rebuild confidence and resilience, making the path back into education smoother ~~.~~ The pilot phase this year demonstrated the programme’s power to fill a crucial gap in SEMH (Social, Emotional and Mental Health) provision, supporting schools, pupils, and families at a pivotal stage in their lives.

3 ~~.~~ Holiday and Afte ~~r-~~ School Clubs ~~-~~ Belonging Beyond the Classroom

Outside of term time, our BreakOut holiday programmes, Doorstep Sport Clubs, and Hi5! Clubs provide vital wraparound support for children and families ~~.~~ Break Out delivers food, fun and friendship during school holidays for children eligible for Pupil Premium, tackling food insecurity and social isolation ~~.~~ Doorstep Sport Clubs give local young people access to safe, free, afte ~~r-~~ school sport in their own communities. Hi5! Clubs offer inclusive sessions for children and young people with Special Educational Needs and Disabilities (SEND), creating a place to build friendships, confidence and independence ~~.~~ Together, these programmes provide stability, connection and joy, keeping children active, supported, and part of something positive all year round ~~.~~

4 ~~.~~ Boost ~~-~~ Re ~~-~~ engaging Learners

Boost, delivered from our Alternative Learning Hub at Bath Rec, provides term ~~-t~~ ime education for 14 ~~-~~ 16 ~~-y~~ ear ~~-o~~ lds who have disengaged from mainstream school. Each learner receives a personalised plan that combines Functional Skills qualifications with wellbeing and lif ~~e-~~ skills development. In 2024/25, 100% of students improved attendance and made measurable progress towards their academic targets. This year, we introduced Work Experience Wednesdays, giving students hands ~~-~~ on exposure to real workplaces in partnership with local employers ~~.~~ This bridges education and employment, helping young people apply their learning in real-world settings and build the confidence to take their next steps.

5. Advantage ~~-~~ Moving into Adulthood

The final step on our pathway is Advantage, designed for 16 ~~-~~ 25 ~~-y~~ ear ~~-o~~ lds who are Not in Education, Employment or Training (NEET) or at risk of becoming so ~~.~~ Delivered through twic ~~e-~~ weekly sessions blending sport, teamwork and employability coaching, Advantage builds the skills, confidence and resilience young people need to move forward. We also chair the regional NEET Panel, bringing together education providers, local authorities, and employers to coordinate support and share learning. This joined ~~-~~ up approach ensures no young person is left behind, and every participant has a clear, supported route to independence.

Page 3

The Bath Rugby Community Foundation

Trustees’ Report

Fundraising and Income Generation

In 2024/25, Bath Rugby Foundation raised £945,000, enabling us to expand provision and pilot new projects such as Engage and Work Experience Safaris ~~.~~ Our fundraising portfolio includes the 1st XV Club, Sponsor Our Students, Monthly Giving, and major events including Foundation Day, the Annual Fundraising Dinner, the Big Give, and the London Lunch ~~.~~

Volunteering

In 2024/25, volunteers gave 1,779 hours ~~-~~ equivalent to over £32,000 in value ~~-~~ across event, community, and expert volunteering. Their contribution strengthens both the Foundation and the community we serve.

Financial Review

In 2024/25, Bath Rugby Foundation’s fundraising and campaigns generated £945,000 across major events, monthly giving, and corporate partnerships ~~.~~ This enabled the Foundation to maintain and expand delivery, invest in new programmes, and strengthen its long ~~-~~ term sustainability ~~.~~

The audited financial statements will confirm total income and expenditure across all sources, including restricted grants and programme funding, on an accruals basis ~~.~~ Figures may vary from campaign totals due to timing differences in income recognition and deferrals

The total income for the year was £946,945 (2024: £824,304). Income from grants, corporate donations, and fundraising events formed the bulk of the revenue, with £398,706 (2024: £395,490) of grant income supporting the foundation’s key programmes ~~.~~

The total expenditure for the year was £843,839 (2024: £791,402), primarily directed towards delivering programmes and maintaining the Foundation’s operations ~~.~~

The surplus on unrestricted funds for the year was £114,646 (2024: surplus of £13,710) ~~.~~ The surplus on restricted funds for the year was a deficit of £11,540 (2024: surplus of £19,192).

Reserves Policy

The Trustees aim to hold reserves equivalent to three months of operational costs, which is approximately £200,000. The unrestricted reserves at the year ~~-~~ end were £259,659 (2024: £145,013) which is in line with and just over the estimated opertational costs of £210,960 for three months ~~.~~

Designated Funds include:

Fundraising Activities

The Foundation is entirely sel ~~f-~~ 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 ~~.~~

Page 4

The Bath Rugby Community Foundation

Trustees’ Report

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 1st XV Club Membership, where businesses and individuals contribute £7,000 annually to support the Foundation's activities ~~.~~ These relationships are foundational to the charity's long ~~-~~ term sustainability.

In addition to direct donations, event income plays a vital role in fundraising. The charity benefits significantly from high ~~-p~~ rofile fundraising events, including annual fundraising dinners and activities held on Bath Rugby matchdays ~~.~~ 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 ~~.~~

Going Concern

The Trustees have reviewed forecasts through December 2026 and are satisfied that the Foundation has adequate resources to continue operating for the foreseeable future.

Governance

Bath Rugby Foundation’s governance is overseen by a proactive Board of Trustees who ensure compliance with Charity Commission best practice and statutory obligations ~~.~~

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: Strategic Objectives 2025/26

The Foundation’s focus for 2025/26 includes:

  1. Developing an independent model for the Alternative Learning Hub ~~.~~

  2. Expanding community delivery through the Engage project ~~.~~

  3. Deepening fundraising partnerships and growing legacy and monthly giving.

  4. Expanding communications reach and engagement ~~.~~

  5. Strengthening governance and financial evaluation frameworks ~~.~~

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 information 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 ~~.~~

Page 5

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The Bath Rugby Community Foundation

Statement of Trustees’ Responsibilities

The Trustees (who are also the directors of The Bath Rugby Community Foundation for the purposes of company law) are responsible for preparing the Trustees' report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Company law requires the Trustees to prepare financial statements for each financial year ~~.~~ Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006 ~~.~~ They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website ~~.~~ Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions ~~.~~

Approved by the Trustees of the charity on Js/12/25 | and signed on its behalf by:

Ernead ~~-~~ Louise Davis Trustee

Page 7

The Bath Rugby Community Foundation

Independent Auditor's Report to the Members of The Bath Rugby Community Foundation

Opinion

We have audited the financial statements of The Bath Rugby Community Foundation (the 'charity') for the year ended 30 June 2025, which comprise the Statement of Financial Activities, Balance Sheet, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies ~~.~~ The financial reporting framework that 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 statements:

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 charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements ~~.~~ We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements were authorised for issue ~~.~~

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The Trustees are responsible for the other information. The other information comprises the information 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 otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Page 8

The Bath Rugby Community Foundation

Independent Auditor's Report to the Members of The Bath Rugby Community Foundation

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the 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 to report that fact ~~.~~

We have nothing to report in this regard.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

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 material 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:

Responsibilities 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 determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Page 9

15/12/2025 Date... eeeeeeeeeeeneeeees

The Bath Rugby Community Foundation

Statement of Financial Activities for the Year Ended 30 June 2025 (Including Income and Expenditure Account)

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|||||||||| |---|---|---|---|---|---|---|---|---| |Unrestricted|Restricted|Total|Total| |funds|funds|2025|2024| |Note|£|£|£|£| |Income|and|Endowments|from:| |Donations|and|legacies|3|403,516|2,000|405,516|314,241| |Charitable|activities|4|285,063|113,643|398,706|395,490| |Other|trading|activities|5|140,960|-|140,960|112,848| |Investment|income|6|1,763|-|1,763|1,725| |Total|income|831,302|115,643|946,945|824,304| |Expenditure|on:| |Raising|funds|7|(211,241)|-|(211,241)|(229,164)| |Charitable|activities|8|(486,886)|(145,712)|(632,598)|(562,238)| |Total|expenditure|(698,127)|(145,712)|(843,839)|(791,402)| |Net|income/(expenditure)|133,175|(30,069)|103,106|32,902| |Transfers|between|funds|(18,529)|18,529|-|-| |Net|movement|in|funds|114,646|(11,540)|103,106|32,902| |Reconciliation|of|funds| |Total|funds|brought|forward|145,013|138,454|283,467|250,565| |Total|funds|carried|forward|18|259,659|126,914|386,573|283,467|

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All of the charity's activities derive from continuing operations during the above two periods ~~.~~ The funds breakdown for 2024 is shown in note 18 ~~.~~

The notes on pages 14 to 29 form an integral part of these financial statements. Page 11

The Bath Rugby Community Foundation

(Registration number: 04976797) Balance Sheet as at 30 June 2025

2025 2024
Note £ £
Fixed assets
Tangible assets 13 8,165 14,801
Current assets
Debtors 14 73,772 103,209
Cash at bank and in hand 15 366,007 228,249
439,779 331,458
Creditors: Amounts falling due within one year
16		 (61,371) (62,792)
Net current assets 378,408 268,666
Net assets 386,573 283,467
Funds ofthe charity:
Restricted income funds
Restricted funds 126,914 138,454
Unrestricted income funds
Unrestricted funds 259,659 145,013
Total funds 18 386,573 283,467

The financial statements on pages 11 to 29 were approved by the Trustees, and authorised for issue on ..1.5/1.2/25.. and signed on their behalf by: TrusteeM ~~o~~ ea

The notes on pages 14 to 29 form an integral part of these financial statements. Page 12

The Bath Rugby Community Foundation

Statement of Cash Flows for the Year Ended 30 June 2025

2025 2024
Note £ £
Cash flows from operating activities
Net cash income 103,106 32,902
Adjustments to cash flows from non~~-~~cash items
Depreciation 13 6,636 5,154
Investment income 6 (1,763) (1,725)
107,979 36,331
Working capital adjustments
Decrease in debtors 14 29,437 20,741
Decrease in creditors 16 (1,421) (24,585)
Net cash flows from operating activities 135,995 32,487
Cash flows from investing activities
Interest receivable and similar income 6 1,763 1,725
Purchase oftangible fixed assets 13 ~~-~~ (15,495)
Net cash flows from investing activities 1,763 (13,770)
Net increase in cash and cash equivalents 137,758 18,717
Cash and cash equivalents at 1 July 228,249 209,532
Cash and cashequivalents at30 June 366,007 228,249

All of the cash flows are derived from continuing operations during the above two periods.

The notes on pages 14 to 29 form an integral part of these financial statements. Page 13

15/12/2025 These financial statements were authorised for issue by the Trustees on ...............

The Bath Rugby Community Foundation

Notes to the Financial Statements for the Year Ended 30 June 2025

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that 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 ~~.~~

Legacy gifts are recognised on a case by case basis following the grant of probate when the administrator/executor for the estate has communicated in writing both the amount and settlement date. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and the title to the asset having been transferred to the charity ~~.~~

Investment income

Dividends are recognised once the dividend has been declared and notification has been received of the dividend due ~~.~~

Volunteer time

No amount is included in the financial statements for volunteer time in line with the Charity SORP (FRS 102).

Expenditure

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 allocated 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 Activities ~~.~~

Raising funds

These are costs incurred in attracting 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 those 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 ~~.~~

Page 15

The Bath Rugby Community Foundation

Notes to the Financial Statements for the Year Ended 30 June 2025

Governance costs

These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and Trustees meetings and reimbursed expenses ~~.~~

Taxation

The charity is considered to pass the tests 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 taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the 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 to charitable purposes ~~.~~

Tangible fixed assets

Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses ~~.~~

Depreciation and amortisation

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 Depreciation method and rate Furniture and equipment 10% straight line Motor vehicles 25% straight line

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services 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, less provision for impairment ~~.~~ A provision for the impairment of trade debtors is established when 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 highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value ~~.~~

Page 16

The Bath Rugby Community Foundation

Notes to the Financial Statements for the Year Ended 30 June 2025

Trade creditors

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 classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non ~~-c~~ urrent liabilities ~~.~~

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method ~~.~~

Fund structure

Unrestricted income funds are general funds that are available for use at the Trustees discretion in furtherance of the objectives of the charity ~~.~~

Designated funds are unrestricted funds set aside for specific purposes at the discretion of the Trustees.

Restricted 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 legacies

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||||||| |---|---|---|---|---|---| |Unrestricted| |funds|Restricted|Total|Total| |General|funds|2025|2024| |£|£|£|£| |Donations|and|legacies;| |General|donations|231,545|2,000|233,545|156,848| |First XV|79,150|-|79,150|68,700| |Annual|dinner|57,919|-|57,919|59,425| |Gift|aid|22,302|-|22,302|18,518| |Foundation|day|12,600|-|12,600|10,750| |403,516|2,000|405,516|314,241|

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£403,516 (2024 ~~-~~ £314,242) of the income above was attributable to unrestricted funds and £2,000 (2024 ~~-~~ £Nil) attributable to restricted funds ~~.~~

Page 17

The Bath Rugby Community Foundation

Notes to the Financial Statements for the Year Ended 30 June 2025

4 Income from charitable activities

Unrestricted Unrestricted Restricted Restricted Total Total Total
funds funds 2025 2024
£ £ £ £
Education 273,063 ~~-~~ 273,063 197,425
Inclusion
Health		 12,000
~~-~~		 77,703
~~35,940~~		 89,703
~~35,940~~		 141,241
~~56,824~~
285,063 113,643 398,706 395,490

£285,063 (2024 ~~-~~ £210,295) of the income above was attributable to unrestricted funds and £113,643 (2024 ~~-~~ £185,195) attributable to restricted funds ~~.~~

5 Income from other trading activities

Unrestricted Unrestricted Total Total Total
funds 2025 2024
£ £ £
Shirt Raffle income 37,596 37,596 51,117
Other Fundraising 66,846 66,846 38,404
Bath Half Marathon 36,518 36,518 23,327
140,960 140,960 112,848

£140,960 (2024 ~~-~~ £112,848) of the income above was attributable to unrestricted funds and E£Nil (2024 ~~-~~ £Nil) attributable to restricted funds.

Page 18

The Bath Rugby Community Foundation

Notes to the Financial Statements for the Year Ended 30 June 2025

6 Investment income

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||||||||| |---|---|---|---|---|---|---|---| |Unrestricted|Total|Total| |funds|2025|2024| |£|£|£| |Interest|receivable|on|bank|deposits|1,763|1,763|1,725|

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£1,763 (2024 ~~-~~ £1,725) of the income above was attributable to unrestricted funds and E£Nil (2024 ~~-~~ ENil) attributable to restricted funds ~~.~~

7 Expenditure on raising funds

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||||||| |---|---|---|---|---|---| |Unrestricted|Total|Total| |funds|2025|2024| |£|£|£| |Online|Giving|Fees|3,992|3,992|4,980| |Bath|Half|Marathon|10,968|10,968|19,962| |Shirt|Raffle|10,343|10,343|19,649| |Annual|Dinner|27,773|27,773|29,870| |Community|-|-|32,471| |General|donations|-|-|696| |Season|Ticket|Renewal|916|916|1,622| |Trusts|and|Funds|113,499|113,499|75,074| |Matchday|Support|Costs|-|-|793| |First|XV|25,124|25,124|23,722| |Sponsor|a|student|10,002|10,002|18,198| |Foundation|day|8,624|8,624|2,127| |211,241|211,241|229,164|

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£211,241 (2024 ~~-~~ £229,164) of the expenditure above was attributable to unrestricted funds and £Nil (2024 ~~-~~ ENil) attributable to restricted funds ~~.~~

Page 19

The Bath Rugby Community Foundation

Notes to the Financial Statements for the Year Ended 30 June 2025

8 Expenditure on charitable activities

Unrestricted
Restricted		 Unrestricted
Restricted		 Unrestricted
Restricted		 Unrestricted
Restricted		 Unrestricted
Restricted		 Unrestricted
Restricted		 Total
funds
funds		 2025
£
£		 £
Education 362,238
~~-~~		 362,238
Inclusion 83,672
88,307		 171,979
Health ~~_40,976 57,405 ~~ ~~98,381~~
486,886
145,712		 632,598
Unrestricted
Restricted		 Total
funds
funds		 2024
£
£		 £
Education 282,667
~~-~~		 282,667
Inclusion 83,655
110,830		 194,485
Employability 721
1,329		 2,050
Health ~~29,192~~
~~53,844~~		 ~~83,036~~
Activity
Activity
undertaken
support		 Total
directly
costs		 2025
£
£		 £
Education 211,365
150,873		 362,238
Inclusion 100,349
71,630		 171,979
Health ~~57,405~~
~~40,976~~		 ~~98,381~~
369,119
263,479		 632,598
Activity
Activity
undertaken
support		 Total
directly
costs		 2024
£
£		 £
Education 183,292
99,375		 282,667
Inclusion 126,112
68,373		 194,485
Employability 1,329
721		 2,050
Health ~~53,844~~
~~29,192~~		 ~~83,036~~
364,577
197,661		 562,238

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The Bath Rugby Community Foundation

Notes to the Financial Statements for the Year Ended 30 June 2025

Support Support Support Support Support costs costs costs Unrestricted Unrestricted Total Total Total
funds 2025 2024
£ £ £
Premises 28,752 28,752 22,419
Office costs 12,937 12,937 8,998
Motor expenses 2,950 2,950 6,729
Marketing and Communications 3,503 3,503 6,993
Depreciation of office equipment 6,636 6,636 5,154
Wages and salaries 163,346 163,346 118,341
Staff training and welfare 4,259 4,259 ~~-~~
Legal and professional fees 24,096 24,096 17,918
Bad debts written off 8,500 8,500 ~~-~~
Governance costs 8,500 8,500 11,109
263,479 263,479 197,661
9
Net		 incoming/outgoing resources
Net incoming/(outgoing) resources for the year include:
2025 2024
£ £
Operating leases ~~- ~~ other assets 8,071 8,112
Audit fees 4,717 7,682
Other non~~-a~~udit services 3,783 3,427
Depreciationoffixed assets 6,636 5,154

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 21

The Bath Rugby Community Foundation

Notes to the Financial Statements for the Year Ended 30 June 2025

11 Staff costs

The aggregate payroll costs were as follows:

2025 2024
£ £
Staff costs during the year were:
Wages and salaries 446,005 434,209
Social security costs 39,955 34,992
Pension costs 4,638 4,393
490,598 473,594

The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:

2025 2024
No No
Management 1 1
Fundraising 1 1
Programmes ~~13~~ ~~12~~
15 14

The number of employees whose emoluments fell within the following bands was:

2025 2024
No No
£60,001 ~~- ~~ £70,000 1 ~~-~~
£80,001 ~~-~~ £90,000 1 1

The total employee benefits of the key management personnel of the charity were £255,496 (2024 ~~-~~ £265,309).

12 Taxation

The charity is a registered charity and is therefore exempt from taxation ~~.~~

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The Bath Rugby Community Foundation

Notes to the Financial Statements for the Year Ended 30 June 2025

18 Funds

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|||||||||| |---|---|---|---|---|---|---|---|---| |Balance|at| |Balance|at|Incoming|Resources|30|June| |1|July|2024|resources|expended|Transfers|2025| |£|£|£|£|£| |Unrestricted|funds| |General| |General|Funds|58,317|831,302|(691,491)|(18,529)|179,599| |Designated| |Core|Cost|Fund|71,895|-|-|-|71,895| |Tangible|Fixed|Asset| |Fund|14,801|-|(6,636)|-|8,165| |86,696|-|(6,636)|-|80,060| |Total|unrestricted|funds|145,013|831,302|(698,127)|(18,529)|259,659| |Restricted|funds| |Development|Fund|95,441|-|-|-|95,441| |Volunteer|Programme|4,512|-|-|-|4,512| |Hi5|Club|24,292|6,798|(15,929)|-|15,161| |Project|Rugby|Phase|3|3,455|70,905|(72,378)|-|1,982| |HAF|-|BreakOut|-|17,035|(35,564)|18,529|-| |Move|with|Bath|10,754|18,905|(21,841)|-|7,818| |Hedley|Foundation|-|2,000|-|-|2,000| |Total|restricted|funds|138,454|115,643|(145,712)|18,529|126,914| |Total|funds|283,467|946,945|(843,839)|-|386,573|

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The Bath Rugby Community Foundation

Notes to the Financial Statements for the Year Ended 30 June 2025

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|||||||||| |---|---|---|---|---|---|---|---|---| |Balance|at| |Balance|at|Incoming|Resources|30|June| |1|July|2023|resources|expended|Transfers|2024| |£|£|£|£|£| |Unrestricted|funds| |General| |General|Funds|54,947|639,109|(620,245)|(15,494)|58,317| |Designated| |Core|Cost|Fund|71,895|-|-|-|71,895| |Tangible|Fixed|Asset| |Fund|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| |Restricted| |Development|Fund|95,441|-|-|-|95,441| |Volunteer|Programme|5,841|-|(1,329)|-|4,512| |Hi5|Club|5,875|36,380|(17,963)|-|24,292| |Project|Rugby|Phase|3|4,330|91,991|(92,866)|-|3,455| |HAF|-|BreakOut|-|34,324|(34,324)|-|-| |Move|with|Bath|7,775|22,500|(19,521)|-|10,754| |Total|restricted|funds|119,262|185,195|(166,003)|-|138,454| |Total|funds|250,565|824,304|(791,402)|-|283,467|

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The Bath Rugby Community Foundation

Notes to the Financial Statements for the Year Ended 30 June 2025

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 ~~.~~

Volunteer Programme

This trains volunteers in support of the foundation ~~.~~ There has been no movement in this fund because training did not take place ~~.~~

Project Rugby

Ajoint[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 Soci ~~o-~~ Economic backgrounds (top 30% IMD), Disabled People.

BreakOut

The Holiday Activities Fund funded programme is a mult ~~i-~~ agency holiday food and activity programme based in community hubs in high need areas, supporting key vulnerable families, across Bath and North East Somerset. Each hub supports with play/crafts/sports and hot 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 1 ~~2-~~ 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 afte ~~r-~~ school club to encourage children and young people with Special Educational Needs and Disabilities to take part in social events and physical activity.

Hedley Foundation

This is a grant recevied to be spent on kit, equipment and training and mentoring of volunteer coaches.

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The Bath Rugby Community Foundation

Notes to the Financial Statements for the Year Ended 30 June 2025

19 Analysis of net assets between funds

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|||||||||| |---|---|---|---|---|---|---|---|---| |Unrestricted|Total|funds| |funds|Restricted|at|30|June| |General|funds|2025| |£|£|£| |Tangible|fixed|assets|8,165|-|8,165| |Current|assets|312,865|126,914|439,779| |Current|liabilities|(61,371)|-|(61,371)| |Total|net|assets|259,659|126,914|386,573| |Unrestricted|Total|funds| |funds|Restricted|at|30|June| |General|funds|2024| |£|£|£| |Tangible|fixed|assets|14,801|-|14,801| |Current|assets|193,004|138,454|331,458| |Current|liabilities|(62,792)|-|(62,792)| |Total|net|assets|145,013|138,454|283,467| |20|Analysis|of|net|funds| |At|1|July|Financing|At|30|June| |2024|cash|flows|2025| |£|£|£| |Cash|at|bank|and|in|hand|228,249|137,758|366,007| |Net|debt|228,249|137,758|366,007| |At|1|July|Financing|At|30|June| |2023|cash|flows|2024| |£|£|£| |Cash|at|bank|and|in|hand|209,532|18,717|228,249| |Net|debt|209,532|18,717|228,249|

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