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← Newcastle Rugby Foundation

2024-06-30-accounts

Docusign Envelope ID: 1237FBCB-169D-4E24-B3BF-C4D8B325D80C

Registered number: 05271148 Charity number: 1107851

Newcastle Rugby Foundation

(A company limited by guarantee)

Unaudited Annual report

30 June 2024

Docusign Envelope ID: 1237FBCB-169D-4E24-B3BF-C4D8B325D80C

Newcastle Rugby Foundation

(A company limited by guarantee)

Contents

Page
Reference and administrative details 1
Trustees' report 2 - 12
Independent examiner's report 13
Statement of financial activities 14
Balance sheet 15
Statement of cash flows 16
Notes to the financial statements 17 - 29

Docusign Envelope ID: 1237FBCB-169D-4E24-B3BF-C4D8B325D80C

Newcastle Rugby Foundation

(A company limited by guarantee)

Reference and administrative details Year ended 30 June 2024

Trustees M L Stephenson
D I Ramage
J W Ponton
R W Vickers
M C Hogan
S Mehra
S P Savage
C K McGuinness (resigned 18 September 2024)
T E Lynch
J A Ball
J T D Spoor
D R T Thompson (resigned 30 August 2024)
L J Hamilton-Murray (appointed 12 August 2024)
Company registered
number
05271148
Charity registered
number
1107851
Registered office
Kingston Park
Brunton Road
Kenton Bank Foot
Newcastle Upon Tyne
NE13 8AF
Company secretary
M J Magee
Accountants
UNW LLP
Chartered Accountants
Citygate
St. James' Boulevard
Newcastle upon Tyne
NE1 4JE
Bankers
Barclays Bank Plc
Leicester
LE87 2BB
Solicitors
Ward Hadaway
102 Quayside
Newcastle upon Tyne
NE1 3DX

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Docusign Envelope ID: 1237FBCB-169D-4E24-B3BF-C4D8B325D80C

Newcastle Rugby Foundation

(A company limited by guarantee)

Trustees' report Year ended 30 June 2024

The Trustees present their annual report together with the financial statements of the charity for the year 1 July 2023 to 30 June 2024. The annual report serves the purposes of both a trustees' report and a directors' report under company law. The trustees confirm that the annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Charity overview

Established in 2005, Newcastle Rugby Foundation (reg. 1107851) (NRF) is the official charity of Newcastle Falcons and Newcastle Thunder professional rugby teams. The charity comprises of two sections, Falcons Community and Thunder Community.

Each year we work with 15,000+ people in the North East and Cumbria in some of the most deprived communities to activate positive change.

Objectives and activities

a. Policies and objectives

The charity's objects ("the objects") are for the benefit of the public generally and, in particular, the inhabitants of he North East and Cumbria and their surrounding areas:

The main objectives of the year continued to focus on the promotion of community participation in healthy recreation through the advancement of the education of children and young people.

The strategies employed to assist the charity to meet these objectives included the following:

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

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Docusign Envelope ID: 1237FBCB-169D-4E24-B3BF-C4D8B325D80C

Newcastle Rugby Foundation

(A company limited by guarantee)

Trustees' report (continued) Year ended 30 June 2024

Objectives and activities (continued)

b. Our purpose

Making RUGBY+ the positive difference changes lives for good.

c. Our mission

RUGBY+ refers to our strategy to deliver the Newcastle Rugby Foundation objects. We believe rugby can have a positive impact on lives in a variety of ways. We develop and deliver projects across the following areas.

Rugby Development to Raise Involvement Education to Grow Skills Health and Wellbeing to Boost Wellbeing Disability and Inclusion to Build Belonging

d. Our values

Positive Energy Let's make connections Up for a challange Supportive and caring

e . Our Impact

Boost Wellbeing - We promote physical and mental wellbeing. Helping participants to enjoy physical activity and improve confidence, resilience, and anxiety.

Build Belonging - We create better access to rugby, increasing overall participation and the number of people benefitting from involvement.

Grow Skills - Improving skills beyond the field…numeracy, motor skills, employability skills, to allow our players to fulfil their true potential.

Raise Involvement - Bringing a sense of community to our players and supporters. Where socializing, inclusion, and connection are valued highly. A big family.

f . Theory of Change

The RUGBY+ theory of change gives Newcastle Rugby Foundation (NRF) a framework on which to build the programmes for each year which are reviewed on a quarterly basis. The theory of change identifies a group of participants with common barriers to achieving one or more our impact measurements. The NRF team develop and build approximately 18-20 projects that help to overcome these barriers and activate positive change in their lives for good. The outcomes and impacts of each project are measured and reviewed to test the theory of change and enable a better understanding to shape future projects and funding opportunities. NRF have been working with Sage this year to develop a strong data strategy and whilst progress has been made, this remains an area of development for NRF.

Achievements and performance

a. Main achievements of the charity

This year NRF have delivered 18 different projects, reaching 14,769 individuals in this period. The focus of the charity this year was to reduce the number of projects to focus our efforts on those interventions which provide maximum impact, whilst still meeting our Rugby+ strategic objectives. As a result, the number of projects has

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Docusign Envelope ID: 1237FBCB-169D-4E24-B3BF-C4D8B325D80C

Newcastle Rugby Foundation

(A company limited by guarantee)

Trustees' report (continued) Year ended 30 June 2024

Achievements and performance (continued)

reduced, yet number of total participants has remained constant. There have been some significant achievements in these projects and they are as follows: -

Tackling insights with Sage Foundation

This innovative project progressed into its second year with double the number of participants following a highly successful pilot year. Almost 1000 pupils took part in the activities with children reporting an increased confidence in STEM subjects and feeling inspired to take part in further physical activity. 100% of schools said they would like to participate again. In addition, the programme was a winner at the The TrustRadius 2024 Tech Cares Award. These awards aim to highlight companies that have excelled in their CSR initiatives.

Hitz

The Hitz project has gone from strength to strength with record numbers on the project with participant entry this year at over 100. The project aims to support young people who have had a challenging relationship with education to access and maximise what they are capable of achieving at the ages of 16-18. The pastoral care given by the dedicated NRF staff has not only enabled students to remain in college despite difficulties outside of college, but access to experiences such at a visit to the Premiership Rugby Final at Twickenham. Participants from the project were also winners at the prestigious Premiership Rugby Hitz Awards ceremony at Twickenham. NRF were the only premiership club to have nominees in all four categories, NRF were winners in two.

Newcastle Rugby Foundation’s Jan was presented with the Physical Activity Award, supported by Premiership Rugby, and Reece of Newcastle Rugby Foundation won the Young Achiever Award, supported by East Head Impact.

Jan won the Physical Activity Award as recognition of his progress and development towards leading a more active and healthier lifestyle both on the HITZ programme and in his personal life. He achieved this without English as his first language and having gained weight during lockdowns Jan lost confidence to participate in sport. He joined HITZ to get himself back on track. Despite his father getting ill, care responsibilities for his brother, and regular housework to do he never gave up. Jan’s admirable attitude to the programme has resulted in consistently positive feedback from coaches.

Reece was awarded the Young Achiever Award for being a young person who, by overcoming a range of challenges, has worked the hardest to progress on his journey back to education and employment. Reece joined HITZ at his darkest time mentally after tragically losing his father and grandfather. He left school with no Maths or English GCSEs despite his best efforts, leaving his future path uncertain. At HITZ, Reece has grown in strength and embraced all opportunities including volunteering at his local sports clubs and with The Cast on Newcastle Falcons and Thunder matchdays. He now plans to progress to Level 3 Sports Coaching in his quest to become a professional coach.

Cast Volunteering Project

Many of our Hitz Students gain experience and confidence with our inclusive volunteering group, The Cast, which has seen considerable development and impact this year. Members reported an improved sense of community, improved communication, social skills and confidence.

One volunteer said “The Cast has saved me and developed me and my peers into people we thought we would never be. I'm so thankful for them and will always give back and work here until my time is done.”

The Cast volunteer David won the Sport Newcastle Unsung Hero award at the 2024 awards, recognising his dedication to volunteering as part of The Cast. David has attended every Falcons fixture of the 23/24 season and

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Docusign Envelope ID: 1237FBCB-169D-4E24-B3BF-C4D8B325D80C

Newcastle Rugby Foundation

(A company limited by guarantee)

Trustees' report (continued) Year ended 30 June 2024

Achievements and performance (continued)

is instantly recognisable to fans.

Jacob (aged 11) was presented with a signed England shirt as a reward for all of his volunteering and fundraising efforts. Last year Jacob raised over £3,000 for 2 local charities (including NRF), and he is doing it all again this year by walking the three peaks alongside his mum and dad, who also volunteer as part of The Cast, making it a real family endeavour.

Marie won the Community Volunteer of the Year at the Community Awards held at the Houses of Parliament in London. Marie boundlessly gives to others despite her own physical challenges and health issues. She helps participants to believe opportunities exist for everyone, and her nurturing approach produces the confidence in many to take the most important first steps to turning their lives around and achieve what they never thought possible like securing employment for the first time or breaking a cycle of dependency. Marie volunteers on average 20 hours a week and speaks passionately about the important work of the Newcastle Falcons Foundation to everyone from spectators to Board directors, making her an invaluable member of our community.

42% have volunteered for 3+ years.

Rugby+ Futures

Reserve funding was used to develop this programme and this year saw the Futures project start to deliver programmes. Funding was secured from Electricity North East which allowed NRF to employ 1.5 staff to deliver this project predominantly in the Teesside area. This innovative project delivers emotional intelligence workshops to young people in schools and has received fantastic feedback from the initial cohort. The data from this first delivery is being analysed to enable refinement in the programme to enhance delivery and meet the demand.

b. Review of activities

This season has seen a further refinement of our projects to ensure we have a balanced approach to the demographics we serve. The delivery of all programmes is reviewed against the key impact drivers to understand if the delivery is addressing the barriers to participation so that the programme can be adapted or changed to ensure the delivery.

  1. Prioritises boosting wellbeing to ensure the demographics we engage overcome their barriers.

  2. The range of demographics are challenged to ensure we engage at an appropriate level.

  3. Raise involvement, build belonging and grow skills to ensure progression opportunities are realised.

The review/ appraisal of the programme also considers these other factors.

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Docusign Envelope ID: 1237FBCB-169D-4E24-B3BF-C4D8B325D80C

Newcastle Rugby Foundation

(A company limited by guarantee)

Trustees' report (continued) Year ended 30 June 2024

Achievements and performance (continued)

Rugby Development – Raise Involvement

At Newcastle Rugby Foundation, we are committed to growing the game of rugby across the Northeast through our Rugby Development programmes. We work with schools, clubs, and community groups to provide professional coaching, support grassroots clubs, and help young players transition from school to club rugby. Our initiatives are designed to increase participation, improve skills, and build strong connections between schools and local rugby clubs, ensuring the future of the sport for generations to come.

1) Rugby Excellence Programme with Tynemet College

This Programme aims to engage 16-18-year-olds boys and girls, blending academic study with elite rugby training. The programme focuses on developing both the player and the individual, emphasising leadership, independence, and social skills alongside high-level rugby coaching. Over 100 participants annually have access to experienced coaches, academic support, and regular competitive matches, ensuring they receive a wellrounded experience. Upon completion, students can progress to higher education, professional rugby opportunities, or leadership roles within the sport.

2) Schools Connections supported by AK Teaching

This programme offers a customised rugby experience tailored to each school’s needs. Delivered by our expert Newcastle Rugby Foundation Development Officers, it includes rugby delivery in primary and secondary schools, teacher training, a school fun day, and an invitation to our rugby festivals. Every session is designed to boost physical and mental well-being, enhance physical skills and foster a passion for rugby among young people. AK Teaching support the delivery of this project into 30 schools whilst individual schools can also pay to participate in this project (26 in this year).

3) Project Rugby supported by Premiership Rugby and Gallagher

Project Rugby is an initiative to broaden rugby’s reach to under-represented groups. We engage young people from diverse ethnic backgrounds, lower socio-economic settings, and those with disabilities, demonstrating that rugby is a sport for everyone. Through specially crafted sessions, participants participate in engaging introductory rugby sessions, explore rugby’s core values and experience its positive impact on their lives. The initiative aims to create a lasting impact by fostering a love for the game and opening doors to more opportunities in rugby.

4) Matchday Activity

Our Matchday Activity programme, offers schools, clubs, and individuals a chance to immerse themselves in Newcastle Falcons' home fixtures. Participants can engage in vibrant pre-match festivals, benefit from coaching sessions from the Falcons’ players, and enjoy exclusive on-pitch experiences like forming the Guard of Honour or playing during half-time. This programme provides young players with a unique opportunity to showcase their skills on the Kingston Park pitch and soak up the thrill of a live matchday atmosphere.

5) Rugby Development Programme supported by Northumberland Rugby Union

The Programme is focused on growing rugby participation among young people in Northumberland by creating strong, sustainable connections between local rugby clubs and schools. The programme aims to support the recruitment and retention of young players within rugby clubs by embedding rugby into secondary schools and fostering long-term links between clubs and schools. In addition, each club hosts a transition event such as a rugby festival to further engage students and encourage them to join their local rugby clubs. Teachers from participating schools also receive training and support from NRF coaches and wider partners, ensuring the programme leaves a lasting impact.

6) Rugby League Development supported by RFL

This programme is focused on growing participation in rugby league across the North East, targeting both new areas of involvement and supporting the current infrastructure of North East Rugby League (NERL) member clubs. School teams, particularly those new to rugby league, are encouraged to take part in festivals, while young players aged 12-14 benefit from professional coaching through the Lions Development Programme.

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Docusign Envelope ID: 1237FBCB-169D-4E24-B3BF-C4D8B325D80C

Newcastle Rugby Foundation

(A company limited by guarantee)

Trustees' report (continued) Year ended 30 June 2024

Achievements and performance (continued)

7) Club Connections supported by Fusion for Business

The Club Connections programme is designed to increase rugby participation in schools across the North East, with a focus on creating long-term links between schools and local rugby clubs. Through this initiative, schools will receive professional rugby coaching and will be invited to transition festivals, giving students a direct pathway to continue playing rugby at their local club.

8) Coaching Camps

Our Camps and Activities provide fun, active experiences for young people during school holidays throughout the year. Our camps are designed to inspire, engage, and develop via a variety of sports alongside rugby, ensuring that children not only stay active but also learn teamwork, discipline, and leadership in a fun and inclusive setting. We also undertake a residential camp held at Mowden Hall School in Northumberland for those wanting to develop further their rugby skills and build independence.

9) Holiday Activity Fund supported by StreetGames

The Holiday Activity Fund provides free holiday activity camps for children aged 4 to 16 who might not normally have access to such opportunities. These camps are designed to be engaging and inclusive, offering a variety of sports and activities such as rugby, football, volleyball, tennis, dodgeball, and more. Alongside these physical activities, we host healthy lifestyle workshops, promoting well-being and good habits in a fun environment. Every child attending the camp receives a free healthy lunch, snacks, and drinks to ensure they stay energized throughout the day.

10) Little Falcons

Little Falcons is all about fun and discovery for children under six. Through exciting rugby-themed games, kids build agility, balance, and coordination. Our experienced coaches create a playful environment where children learn teamwork, leadership, and basic rugby skills, all while enjoying themselves.

Education – Grow Skills

Through our dedicated Education programmes, we work with schools and colleges across the region to deliver curriculum-based rugby lessons, character development, and skills training. Our education initiatives help young people improve their teamwork and confidence while also enhancing their academic learning through engaging, sport-based activities.

11) Tackling Insights supported by Sage

Inspired by the 6 Nations Rugby insights, this programme offers a unique blend of tag rugby sessions for primary schools combined with STEM workshops, designed to show how science, technology, engineering, and maths are applied in the world of rugby.

12) Futures Programme supported by Electricity North East

The Futures Programme has been developed by ex-international rugby player and Emirates pilot Tony Underwood, ex-Olympic swimmer Chris Cook and Newcastle University leading academic Lysa Morrison. It is a six-part series of lessons designed to help young people aged 15-20 overcome challenges like loneliness, poverty, and low self-belief through emotional intelligence development. Participants engage in workshops and activities aimed at building confidence, self-esteem, and relationship-building skills. The programme operates across schools, colleges, and youth groups, providing a supportive environment for young people to improve their life prospects. Graduates of the Futures Programme had access to an employer’s fair at their graduation celebration and will be better prepared to move into employment, further education, or vocational training. The skills gained through this programme, including emotional intelligence and resilience, will equip them for success in both personal and professional life.

13) HITZ supported by Newcastle College, New College Durham and Premiership Rugby

The HITZ programme is dedicated to preparing young people aged 16-19 in the North East for the challenges of education and life. In collaboration with Newcastle College and New College Durham, we offer formal qualifications in Sports Coaching or Uniformed Public Services (Levels 1-3), complemented by enrichment sessions that focus on vital life skills such as building self-esteem, managing finances, navigating professional

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Docusign Envelope ID: 1237FBCB-169D-4E24-B3BF-C4D8B325D80C

Newcastle Rugby Foundation

(A company limited by guarantee)

Trustees' report (continued) Year ended 30 June 2024

Achievements and performance (continued)

relationships, and using social media effectively. Aimed particularly at those from disadvantaged backgrounds, HITZ transforms attitudes toward education and employment, inspiring students to elevate their aspirations. Upon completion, students have a variety of pathways open to them, including apprenticeships, employment, or higher education. Many of our graduates have gone on to university, secured jobs, or entered apprenticeships. The programme also fosters a connections with local businesses, providing students with real-world opportunities such as work experience, placements, and volunteering at Newcastle Falcons and Thunder home games.

14) Premiership Rugby Champions supported by Premiership Rugby

Premiership Rugby Champions is an engaging digital learning resource for primary schools, delivered through an interactive app. NRF engage and introduce the concept in primary schools in our area. The programme features three key areas: Tackling Health, Tackling Numeracy, and Tackling Character, each integrated into sport-based activities that complement the school curriculum. The app offers adaptable lesson plans and resources, helping students connect their learning to real-world scenarios. For schools without digital tools, we provide non-digital lesson options to ensure every student can participate.

Health and Wellbeing – Boost Wellbeing

Our Health and Wellbeing programmes aim to promote both physical and mental health through the power of sport. We offer a variety of initiatives that encourage active lifestyles, healthy eating, and positive mental health. From specialised fitness programmes to health education workshops, we are dedicated to helping individuals of all ages and abilities improve their overall well-being. By combining rugby-themed physical activity with practical health advice, we give participants the tools they need to live healthier, more active lives.

15) Walking Rugby

This modified game swaps running for walking and tackles for touches, focusing on passing, catching, and teamwork. It’s a fun, low-intensity activity that promotes fitness and social connection, making it perfect for all fitness levels and is especially popular with people returning to the sport, new to the sport, or are looking to enjoy the sport later in life. Our sessions are friendly and relaxed, offering a great way to stay active while enjoying the wellbeing benefits.

16) Touch Rugby with Inn Collection

Touch rugby is a non-contact version of the sport is perfect for those who love the game while preferring a less physical format. Each event focuses on enhancing fitness, improving skills, and fostering teamwork in a fun, inclusive environment. Our Touch Rugby programme caters to all ages and skill levels from master’s touch sessions with expert coaches to the vibrant 8-week Summer of Touch league and the lively Touch Rugby Beach Festival.

17) Falcons Fit supported by Nuffield Health and NHS Northumbria

Falcons Fit is a 12-week health and wellness programme hosted at Kingston Park Stadium. Tailored for individuals aged 16 and over, this programme is available to men and women which blends rugby-themed workouts with insightful workshops on healthy living. Participants explore practical, manageable changes to enhance their well-being, all within a supportive environment. Each session adapts to varying fitness levels, allowing everyone to progress at their own pace and achieve their health goals.

Disability and Inclusion – Build Belonging

Our Disability and Inclusion programmes are designed to make rugby accessible to everyone, regardless of ability or background. We believe rugby is a sport for all, and we are dedicated to creating inclusive opportunities for individuals with disabilities and those from underrepresented groups. By offering adapted rugby sessions, inclusive events, and support for local clubs, we ensure that everyone can experience the joy and benefits of rugby in a safe and supportive environment.

18) Disability Rugby supported by Wooden Spoon

Our Disability Rugby programme offers an inclusive space for individuals with learning disabilities, neurodiversity, and other disabilities to engage in tag and touch rugby.

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Docusign Envelope ID: 1237FBCB-169D-4E24-B3BF-C4D8B325D80C

Newcastle Rugby Foundation

(A company limited by guarantee)

Trustees' report (continued) Year ended 30 June 2024

Achievements and performance (continued)

Training sessions are held all year-round, with summer sessions at Kingston Park and winter sessions at Tyneside Badminton Centre. Participants also join matches and festivals, including the Magic Weekend Rugby League LDRL Festival and the Gallagher Premiership rugby union Final at Twickenham. Supported by skilled coaches, the programme extends to schools and community groups, providing customised sessions to meet diverse needs.

19) The Cast supported by Newcastle College

The CAST is an inclusive volunteer programme who support Newcastle Falcons and Newcastle Thunder match days. Established in 2018 and supported by Newcastle College, The CAST volunteers assist with everything from ticket verification, directing people attending matches, wayfinding to running the Newcastle Rugby Foundation Flutter Match Day Draw. The volunteers ensure match days run smoothly, offering a welcoming experience for spectators. The CAST is open to anyone interested in volunteering, but it is particularly beneficial for individuals facing barriers, such as anxiety, disabilities, or social isolation. It’s a welcoming, inclusive community where volunteers can gain valuable experience, make new friends, and feel part of a larger team. The programme is ideal for those looking to contribute to their community while overcoming personal challenges.

c. Plans for Season 2024/2025

The Trustees agreed the budget for the season 2024/2025 in July 2024. An income target of £792,675 and expected costs of £819,700. The trustees accepted an investment of reserves could be needed to accommodate.

1) Strengthen and evolve our social inclusion projects to meet with increased demand specifically Hitz and futures.

3) Expand our delivery staffing and expertise within the team to enable further capacity to deliver successful projects specifically Falcons Fit / wellbeing projects.

4) Maintain and grow successful projects over new projects.

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

Income has increased from £603,084 to £625,871 with an increase in expenditure from £631,751 to £664,463 compared to last year figures. The charity has made a net deficit of £38,560 compared with £34,632 the previous year.

The Board accepts the deficit recorded is due to the investment in its staff, training and development as well as investment into programme development. The deficit was planned and factored into this year’s budget.

Trustees approved a cost-of-living increase for Staff in this financial year.

The Board also agreed to continue the investment in research and professional services to develop a new and innovative project, "Rugby+ Futures." This project has been developed by NRF Ambassador, ex-international rugby player and Emirates pilot, Tony Underwood, ex-Olympic swimmer Chris Cook and leading academic Lysa

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Docusign Envelope ID: 1237FBCB-169D-4E24-B3BF-C4D8B325D80C

Newcastle Rugby Foundation

(A company limited by guarantee)

Trustees' report (continued) Year ended 30 June 2024

Morrison MBA. The programme uses emotional intelligence techniques to engage and improve the lives of young people within our region, this is a long-term investment that will benefit NRF income in the future. The Board have also committed funds to support the role of Safeguarding Officer within NRF as we continue to experience more challenging circumstances in the communities we serve. Following Newcastle Thunder coming under new management and not part of the Newcastle Rugby Limited ownership, the Board have agreed to under-write the cost of delivery of Newcastle Thunder rugby league programmes until at least the end of the season in late summer 2025. The Board have also agreed to engage with Newcastle Thunder management to decide whether this can continue beyond this time frame.

NRF has developed a Reserves Policy which has been developed in line with Charities Commission guidelines to:

In considering the above the Trustees agreed to set the reserves and is reviewed annually, which is currently set at 2 months wages, 3 months operating costs plus staff redundancy costs.

At the year end the Foundation had free reserves (ie unrestricted reserves not designated for specific purposes) of £155,505 with a target reserve requirement of £148,559

c. Designated Reserves

The Trustees have agreed that following a series of sustained years of income growth, NRF have higher reserves than the policy requires. As such, the Trustees have agreed to allocate designated funds in the following areas of the business: - .

1) A new funding and impact manager to help to secure future investment in the successful programmes NRF run to aid long term sustainable growth in a time of uncertainty for charities.

2) A new social inclusion development manager to enable the continued growth of our successful projects such as Hitz and Futures.

3) A new administrative support to allow for better use of the skill sets within the team with additional responsibilities for better data collection and reporting.

4) A new professional game partnership for rugby union will be launched by Premiership Rugby in the next financial year (2024/2025) and at the time of submitting this report, it is unclear if the funding NRF receive presently will be secure, given the potential for relegation of Newcastle Falcons rugby union side.

5) As mentioned previously, there is uncertainty also regarding rugby league funding. Grassroots sport fund will therefore be a part of our designated reserves.

The total of the designated funding of the above list of elements is £175,156.

Structure, governance and management

a. Constitution

Newcastle Rugby Foundation is a company limited by guarantee and is a registered charity. The company ha no share capital. All the Trustees are members of the company and guarantee to contribute £10 in the event of winding up the Foundation.

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Docusign Envelope ID: 1237FBCB-169D-4E24-B3BF-C4D8B325D80C

Newcastle Rugby Foundation

(A company limited by guarantee)

Trustees' report (continued) Year ended 30 June 2024

Structure, governance and management (continued)

b. Methods of appointment or election of Trustees

Trustees shall be appointed and removed from office by way of a resolution of the Trustees. Each Trustee shall be appointed for a fixed term of three years. At the expiry of that fixed term the Trustee in question shall be deemed to have retired with immediate effect unless such resignation would result in the number of Trustees being less than three in which case such resignation shall only take effect when his/her resignation would not result in less than three trustees remaining in office. Further details can be viewed in the Memorandum and Articles of Association of the Newcastle Rugby Foundation and are available on the Charities Commission website.

c. Organisational structure and decision-making policies

The Board of Trustees administers the charity, a Chief Executive Officer (Melanie Magee) is appointed by the Trustees to manage the day-to-day operations of the Charity supported by a senior management team and programme delivery staff, marketing and safeguarding officer. To facilitate effective operations the Chief Executive Officer has delegated authority, within terms of delegation approved by the Trustees for operational matters.

The Trustees have established three sub-committees to support the work of the Trustees, Chief Executive Officer to deliver the objectives of the Newcastle Rugby Foundation. The sub-committees all have terms of reference with all Trustees allocated to a sub-committee together with some additional members with specialist skills and knowledge who are not Trustees, co-opted onto the committees. To maintain confidentiality, these sub-committee members who are not Trustees are required to sign non-disclosure agreements.

People — chaired by Trustee Tracey Lynch with Lisa Hamilton- Murray, James Ponton (Trustees) Mary Walker, Darren Greco, Shelley Hudson and CEO Melanie Magee.

Marketing and Commercial — jointly chaired by Trustees Sunil Mehra and Mick Hogan with Stephen Savage (Trustee) Kate Deakin, Charlie Roberts and John Oates and CEO Melanie Magee.

Governance and Finance— chaired by Trustee Jeff Ball with Iain Ramage, Jack Spoor, Mike Stephenson & Rob Vickers (Trustees) and CEO Melanie Magee

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Docusign Envelope ID: 1237FBCB-169D-4E24-B3BF-C4D8B325D80C

Newcastle Rugby Foundation

(A company limited by guarantee)

Trustees' report (continued) Year ended 30 June 2024

Structure, governance and management (continued)

d. Governance and Finance– chaired by Trustee Jeff Ball

The NRF has a Risk Register that is regularly reviewed at the Governance & Finance working group meetings and is on the agenda, made available to all Trustees and reviewed at all quarterly Trustee meetings.

Lisa Hamilton-Murray is the designated Safeguarding Trustee lead for the organisation.

NRF adopts the Newcastle Rugby Limited Sustainability Policy, Championing The Future Of Sport and The Planet: Where Passion Meets Sustainability. NRF are also committed to driving sustainability in all the programmes that the Foundation delivers.

NRF is a responsible corporate citizen and we recognise that, as a registered charity, we are deeply intertwined with environmental, social and governance (ESG) concerns. We consistently strive, in all we do, to deliver sustainable, equitable and healthy programmes within the diverse communities we serve.

The Governance and Finance Committee is also responsible for ensuring the financial records are maintained at a high standard and in line with Charities Commission and Companies House guidelines. This financial year the group has undertaken a review of the reserves policy and larger spends which are proposed by the Head of Foundation.

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the charity for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. 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 charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping 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 ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees on 24 February 2025 and signed on their behalf by:

D I Ramage (Chair of Trustees)

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Docusign Envelope ID: 1237FBCB-169D-4E24-B3BF-C4D8B325D80C

Independent examiner's report Year ended 30 June 2024

Independent examiner's report to the Trustees of Newcastle Rugby Foundation ('the charity')

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 30 June 2024.

Responsibilities and basis of report

As the Trustees of the charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.

Signed: Dated: 24 February 2025 [Ane Kallorell Anne Hallowell BSc FCA DChA

UNW LLP

Chartered Accountants

13

Docusign Envelope ID: 1237FBCB-169D-4E24-B3BF-C4D8B325D80C

Newcastle Rugby Foundation

(A company limited by guarantee)

Statement of financial activities (incorporating income and expenditure account) Year ended 30 June 2024

Note
Income from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Total income
Expenditure on:
Raising funds
7
Charitable activities
8
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2024
£
509,638
-
-
-
509,638
-
509,638
509,638
-
-
-
-		 Unrestricted
funds
2024
£
5,401
92,280
18,320
232
116,233
300
154,493
154,793
(38,560)
369,221
(38,560)
330,661		 Total
funds
2024
£
515,039
92,280
18,320
232
625,871
300
664,131
664,431
(38,560)
369,221
(38,560)
330,661		 Total
funds
2023
£
433,488
156,726
12,870
-
603,084
5,965
631,751
637,716
(34,632)
403,853
(34,632)
369,221

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 17 to 29 form part of these financial statements.

14

Docusign Envelope ID: 1237FBCB-169D-4E24-B3BF-C4D8B325D80C

Newcastle Rugby Foundation

(A company limited by guarantee)

Balance sheet At 30 June 2024

2024 2023
Note £ £
Current assets
Debtors 9,10 139,883 129,849
Cash at bank and in hand 263,876 257,968
403,759 387,817
Creditors: amounts falling due within one
year 11 (73,098) (18,596)
Net current assets 330,661 369,221
Charity funds
Restricted funds 12 - -
Unrestricted funds 12 330,661 369,221
Total funds 330,661 369,221

The charity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on 24 February 2025 and signed on their behalf by:

D I Ramage (Chair of Trustees)

The notes on pages 17 to 29 form part of these financial statements.

15

Docusign Envelope ID: 1237FBCB-169D-4E24-B3BF-C4D8B325D80C

Newcastle Rugby Foundation

(A company limited by guarantee)

Statement of cash flows Year ended 30 June 2024

Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Net cash provided by investing activities
Cash flows from financing activities
Net cash provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
The notes on pages 17 to 29 form part of these financial statements		 2024
£
5,908
-
-
5,908
257,968
263,876		 2023
£
54,097
-
-
54,097
203,871
257,968

16

Docusign Envelope ID: 1237FBCB-169D-4E24-B3BF-C4D8B325D80C

Newcastle Rugby Foundation

(A company limited by guarantee)

Notes to the financial statements Year ended 30 June 2024

1. General information

Newcastle Rugby Foundation is a private company limited by guarantee incorporated in England and Wales. The registered office is Kingston Park, Brunton Road, Kenton Bank Foot, Newcastle Upon Tyne, NE13 8AF.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Newcastle Rugby 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.

2.2 Income

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 income receivable can be measured reliably.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

17

Docusign Envelope ID: 1237FBCB-169D-4E24-B3BF-C4D8B325D80C

Newcastle Rugby Foundation

(A company limited by guarantee)

Notes to the financial statements Year ended 30 June 2024

2. Accounting policies (continued)

2.4 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.5 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

2.6 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.7 Pensions

The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.

2.8 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

18

Docusign Envelope ID: 1237FBCB-169D-4E24-B3BF-C4D8B325D80C

Newcastle Rugby Foundation

(A company limited by guarantee)

Notes to the financial statements Year ended 30 June 2024

3. Income from donations and legacies

Grants
Rugby College
Hitz Newcastle
Project Rugby
Rugby + Futures
Thunder W&G
Subtotal detailed disclosure
Donations
Other smaller grants
Subtotal
Grants
Tynemet College
Premiership Rugby
Newcastle College
Gallagher Insurance
Street Games UK
Subtotal detailed disclosure
Donations
Grants
Subtotal		 Restricted
funds
2024
Unrestricted
funds
2024
£
£
146,875
-
78,001
-
89,935
-
40,000
-
14,750
-
369,561
-
-
5,401
140,077
-
140,077
5,401
509,638
5,401
Restricted
funds
2023
Unrestricted
funds
2023
£
£
136,000
-
116,217
-
42,981
-
38,000
-
26,220
-
359,418
-
-
9,254
64,816
-
64,816
9,254
424,234
9,254		 Total
funds
2024
£
146,875
78,001
89,935
40,000
14,750
369,561
5,401
140,077
145,478
515,039
Total
funds
2023
£
136,000
116,217
42,981
38,000
26,220
359,418
9,254
64,816
74,070
433,488

19

Docusign Envelope ID: 1237FBCB-169D-4E24-B3BF-C4D8B325D80C

Newcastle Rugby Foundation

(A company limited by guarantee)

Notes to the financial statements Year ended 30 June 2024

4. Income from charitable activities

Unrestricted
funds
2024
£
Training camps
92,280
Unrestricted
funds
2023
£
Training camps
156,726
5.
Income from other trading activities
Income from fundraising events
Unrestricted
funds
2024
£
Matchday lotteries and raffles
15,222
Other fundraising events
3,098
18,320
Unrestricted
funds
2023
£
Matchday lotteries and raffles
12,510
Other fundraising events
360
12,870		 Total
funds
2024
£
92,280
Total
funds
2023
£
156,726
Total
funds
2024
£
15,222
3,098
18,320
Total
funds
2023
£
12,510
360
12,870

20

Docusign Envelope ID: 1237FBCB-169D-4E24-B3BF-C4D8B325D80C

Newcastle Rugby Foundation

(A company limited by guarantee)

Notes to the financial statements Year ended 30 June 2024

6. Investment income

Unrestricted Total Total
funds funds funds
2024 2024 2023
£ £ £
Bank interest 232 232 -

7. Expenditure on raising funds

Fundraising trading expenses

Unrestricted
funds
2024
£
Fundraising events and lotteries
300
Unrestricted
funds
2023
£
Fundraising events and lotteries
5,965		 Total
funds
2024
£
300
Total
funds
2023
£
5,965

8. Analysis of expenditure by activities

Activities
undertaken Support Total
directly costs funds
2024 2024 2024
£ £ £
Delivery of training programmes 401,198 262,934 664,132

21

Docusign Envelope ID: 1237FBCB-169D-4E24-B3BF-C4D8B325D80C

Newcastle Rugby Foundation

(A company limited by guarantee)

Notes to the financial statements Year ended 30 June 2024

8. Analysis of expenditure by activities (continued)

Activities
undertaken Support Total
directly costs funds
2023 2023 2023
£ £ £
Delivery of training programmes 325,056 306,695 631,751

Analysis of direct costs

Staff costs
Operating costs
Coaching camp costs
Publicity and promotion		 Charitable
activities
2024
£
302,860
67,559
14,256
16,523
401,198		 Total
funds
2024
£
302,860
67,559
14,256
16,523
401,198
Staff costs
Operating costs
Coaching camp costs
Publicity and promotion		 Charitable
activities
2023
£
235,638
47,810
16,124
25,484
325,056		 Total
funds
2023
£
235,638
47,810
16,124
25,484
325,056

22

Docusign Envelope ID: 1237FBCB-169D-4E24-B3BF-C4D8B325D80C

Newcastle Rugby Foundation

(A company limited by guarantee)

Notes to the financial statements Year ended 30 June 2024

8. Analysis of expenditure by activities (continued)

Analysis of support costs

Staff costs
General admistration costs
Marketing and sponsorship
Legal and professional fees
Travel, subsistence and entertainment
Governance costs
Staff costs
General admistration costs
Marketing and sponsership
Legal and professional fees
Travel, subsistence and entertainment
Governance costs
9.
Staff costs
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 Support
costs
2024
£
189,817
20,325
21,587
9,117
17,588
4,500
262,934
Support
costs
2023
£
197,076
41,755
18,641
30,669
16,394
2,160
306,695
2024
£
443,955
39,622
9,101
492,678		 Total
funds
2024
£
189,817
20,325
21,587
9,117
17,588
4,500
262,934
Total
funds
2023
£
197,076
41,755
18,641
30,669
16,394
2,160
306,695
2023
£
375,124
29,432
28,157
432,713

23

Docusign Envelope ID: 1237FBCB-169D-4E24-B3BF-C4D8B325D80C

Newcastle Rugby Foundation

(A company limited by guarantee)

Notes to the financial statements Year ended 30 June 2024

9. Staff costs (continued)

The average number of persons employed by the charity during the year was as follows:

2024 2023
No. No.
Employees 17 18

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2024 2023
No. No.
In the band £60,001 - £70,000 1 1

The key management personnel of the charity comprise the senior management team, being the Funding and Development Manager, the Operations Manager and the Head of Foundation, with total employee benefits (including pension costs) of £138,227 (2023: £134,000).

10. Debtors

Due within one year
Trade debtors
Other debtors
Prepayments and accrued income		 2024
£
85,768
-
54,115
139,883		 2023
£
59,399
2,265
68,185
129,849

24

Docusign Envelope ID: 1237FBCB-169D-4E24-B3BF-C4D8B325D80C

Newcastle Rugby Foundation

(A company limited by guarantee)

Notes to the financial statements Year ended 30 June 2024

11. Creditors: amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
Deferred income at 1 July 2023
Resources deferred during the year
Amounts released from previous periods		 2024
£
4,638
10,592
5,101
52,767
73,098
2024
£
4,500
19,612
(4,500)
19,612		 2023
£
3,374
3,657
4,449
7,116
18,596
2023
£
41,680
4,500
(41,680)
4,500

25

Docusign Envelope ID: 1237FBCB-169D-4E24-B3BF-C4D8B325D80C

Newcastle Rugby Foundation

(A company limited by guarantee)

Notes to the financial statements Year ended 30 June 2024

12. Statement of funds

Statement of funds - current year

Unrestricted funds
Designated funds
Grassroots programmes
Funding and data management
Social inclusion
General funds
General
Total Unrestricted funds
Restricted funds
Hitz
Project Rugby
Project Rugby Champions
Rugby League Development
Plan
Rugby College Development
Programme
Schools Connection Project
Walking Rugby
Holiday Activity Camps
Thunder Community Womens
and Girls Project
Learning Disability Rugby
League
Other
Total of funds		 Balance at 1
July 2023
£
-
-
-
-
369,221
369,221
-
-
-
-
-
-
-
-
-
-
-
-
369,221		 Income
£
-
-
-
-
116,233
116,233
97,410
89,935
8,750
19,875
146,875
25,500
9,999
6,570
14,750
12,000
77,974
509,638
625,871		 Expenditure
£
-
-
-
-
(154,793)
(154,793)
(97,410)
(89,935)
(8,750)
(19,875)
(146,875)
(25,500)
(9,999)
(6,570)
(14,750)
(12,000)
(77,974)
(509,638)
(664,431)		 Transfers
in/out
£
100,000
46,938
28,218
175,156
(175,156)
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Balance at
30 June
2024
£
100,000
46,938
28,218
175,156
155,505
330,661
-
-
-
-
-
-
-
-
-
-
-
-
330,661

26

Docusign Envelope ID: 1237FBCB-169D-4E24-B3BF-C4D8B325D80C

Newcastle Rugby Foundation

(A company limited by guarantee)

Notes to the financial statements Year ended 30 June 2024

12. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General
Restricted funds
Hitz
Project Rugby
Project Rugby Champions
Rugby League Development Plan
Thunder Community Centre
Rugby College Development Programme
Parents on the Ball
Schools Connection Project
Walking Rugby
Falcons Fit
Familty Fit
Magic Weekend Rugby Leaugue
Development Project
Holiday Activity Camps
Thunder Community Womens and Girls
Project
Thunder Community Disability Project
Squads on the Tyne RLWC Festival
Tackling Insights STEM Project
Ministry of Justice Try 4 Change
Thunder Heritage Project
Total of funds		 Balance at
1 July 2022
£
403,853
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
403,853		 Income
£
178,850
76,119
91,867
2,750
(10,000)
121
136,000
1,000
23,000
15,000
2,000
6,750
24,920
8,436
4,000
3,250
10,347
10,675
17,784
215
424,234
603,084		 Expenditure
£
(213,482)
(76,119)
(91,867)
(2,750)
10,000
(121)
(136,000)
(1,000)
(23,000)
(15,000)
(2,000)
(6,750)
(24,920)
(8,436)
(4,000)
(3,250)
(10,347)
(10,675)
(17,784)
(215)
(424,234)
(637,716)		 Balance at
30 June
2023
£
369,221
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
369,221

As set out in the Financial review, designated funds represent funds set aside for new staff posts and ringfenced to cover any shortfall in partnership funding to support the Grassroots programme.

27

Docusign Envelope ID: 1237FBCB-169D-4E24-B3BF-C4D8B325D80C

Newcastle Rugby Foundation

(A company limited by guarantee)

Notes to the financial statements Year ended 30 June 2024

13. Summary of funds

Summary of funds - current year

Designated funds
General funds
Restricted funds		 Balance at 1
July 2023
£
-
369,221
-
369,221		 Income
£
-
116,233
509,638
625,871
Balance at
1 July 2022
£
403,853
-
403,853		 Expenditure
£
-
(154,793)
(509,638)
(664,431)
Income
£
178,850
424,234
603,084		 Transfers
in/out
£
175,156
(175,156)
-
-
Expenditure
£
(213,482)
(424,234)
(637,716)		 Balance at
30 June
2024
£
175,156
155,505
-
330,661
Balance at
30 June
2023
£
369,221
-
Summary of funds - prior year
General funds
Restricted funds
369,221

14. Analysis of net assets between funds

Analysis of net assets between funds - current period

Current assets
Creditors due within one year
Total		 Restricted
funds
2024
Unrestricted
funds
2024
£
£
-
403,759
-
(73,098)
-
330,661		 Total
funds
2024
£
403,759
(73,098)
330,661

28

Docusign Envelope ID: 1237FBCB-169D-4E24-B3BF-C4D8B325D80C

Newcastle Rugby Foundation

(A company limited by guarantee)

Notes to the financial statements Year ended 30 June 2024

14. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior period

Current assets
Creditors due within one year
Total		 Unrestricted
funds
2023
£
387,817
(18,596)
369,221		 Total
funds
2023
£
387,817
(18,596)
369,221

15. Related party transactions

There were no related party transactions during the year (2023: £nil).

29