2025-06-30-accounts

Docusign Envelope ID: 473AD410-4AD5-4D2B-B14B-EDA25334D9A0

Registered number: 05271148 Charity number: 1107851

Newcastle Rugby Foundation

(A company limited by guarantee)

Unaudited

Annual report

30 June 2025

Docusign Envelope ID: 473AD410-4AD5-4D2B-B14B-EDA25334D9A0

Newcastle Rugby Foundation

(A company limited by guarantee)

Contents

	Page
Reference and administrative details	1
Trustees' report	2 - 7
Independent examiner's report	8
Statement of financial activities	9
Balance sheet	10
Statement of cash flows	11
Notes to the financial statements	12 - 25

Docusign Envelope ID: 473AD410-4AD5-4D2B-B14B-EDA25334D9A0

Newcastle Rugby Foundation

(A company limited by guarantee)

Reference and administrative details Year ended 30 June 2025

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: 473AD410-4AD5-4D2B-B14B-EDA25334D9A0

Newcastle Rugby Foundation

(A company limited by guarantee)

Trustees' report Year ended 30 June 2025

The trustees present their annual report together with the financial statements of the charity for the year 1 July 2024 to 30 June 2025. 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 (NRF) (Charity No. 1107851) is the official charity of Newcastle Falcons and Newcastle Thunder. The Foundation engages over 15,000 individuals each year across the North East and Cumbria, with a particular focus on communities experiencing significant deprivation.

Objectives and activities

a. Objectives

The charity exists for the public benefit and aims to:

• Promote community participation in healthy recreation by providing facilities and opportunities to play rugby union, rugby league and other sports.

• Provide facilities for sport, recreation and leisure for people who have need by reason of youth, age, infirmity, disability, poverty or disadvantage.

• Advance the education of children and young people.

The trustees have given due regard to Charity Commission guidance on public benefit when planning and delivering activities.

b. Our purpose, mission and values

NRF’s purpose is to make RUGBY+ a positive force that improves lives.

RUGBY+ is the Foundation’s strategic framework, delivering impact across four pillars:

1. Rugby Development – Raise Involvement

2. Education – Grow Skills

3. Health & Wellbeing – Boost Wellbeing

4. Disability & Inclusion – Build Belonging

These pillars are supported by organisational values of positive energy, connection, challenge, and care.

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Docusign Envelope ID: 473AD410-4AD5-4D2B-B14B-EDA25334D9A0

Newcastle Rugby Foundation

(A company limited by guarantee)

Trustees' report (continued) Year ended 30 June 2025

Objectives and activities (continued)

c. Our Impact

NRF measures progress across four impact outcomes:

• Boost Wellbeing: Improvements in physical activity, confidence, resilience and mental wellbeing.

• Grow Skills: Development of communication, teamwork, emotional intelligence and employability skills.

• Raise Involvement: Increased participation across schools, clubs and community groups, including underrepresented groups.

• Build Belonging: Enhanced inclusion, social connection and sense of community.

Achievements and performance

a. Main achievements of the charity

During the reporting period, Newcastle Rugby Foundation delivered projects aligned to our Theory of Change, working to boost wellbeing, build belonging, raise involvement, and grow skills across the North East. We engaged 18,500 participants through sessions in schools, clubs, community venues and Kingston Park.

Highlights include introducing over 700 women and girls to rugby, supporting 6,950 individuals with disabilities or learning needs, and providing 700+ nutritious meals to children, while achieving outcomes such as 85% of HITZ participants progressing into education or employment and 500+ girls benefiting from body confidence support. This impact was made possible through partnerships with 138 schools and colleges, community clubs, local authorities, and national funders, underpinned by over 10,500 hours of delivery and a commitment to programme quality and sustainability

Rugby Development

• Rugby Union Development project: Engaging 72 community clubs, delivered coaching events and provided match-day experiences for over 13,000 young people. Partnering with Project Rugby and Northumberland RFU to strengthen school-to-club transition, delivering coaching, festivals and pathway support.

• Schools Connections: Delivering rugby union and rugby league coaching in schools half-terms, including festivals, teacher training and enrichment experiences to enable a long-term love of the sport and transition into community clubs.

• Rugby League Development: Supporting community clubs through coaching education, school festivals and youth development activity across U12–U14 age groups.

• Women & Girls Rugby: Expanding participation opportunities through Project Rugby, WRWC legacy offering schools delivery, club development, development camps and local club partnerships.

• Rugby Development Project for students aged 16–18, combining professional level rugby training with academic study (NCFE Level 3 Extended Diploma in Sport & Physical Activity). Participants benefit from high level coaching, strength & conditioning, media training, match analysis and access to full performance facilities at Kingston Park Stadium in partnership with Tynemet College.

• Holiday Rugby Camps — Delivered during school holidays (including half-terms), these camps provide children and young people with coaching, games, social interaction, and fun, promoting long-term engagement in rugby, physical activity, and community participation. We partner with organisations like Street Games to offer HAF camps free of charge to provide camps with the addition of hot meals to remove holiday hunger for those living in deprived communities.

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Docusign Envelope ID: 473AD410-4AD5-4D2B-B14B-EDA25334D9A0

Newcastle Rugby Foundation

(A company limited by guarantee)

Trustees' report (continued) Year ended 30 June 2025

Achievements and performance (continued)

Education, Wellbeing & Personal Development

• Futures Programme: Delivering emotional intelligence, confidence-building and life-skills workshops across schools and colleges.

• Body Confidence & Wellbeing for Girls: Supporting girls aged 12–18, with the programme aiming to reach participants to reduce barriers to participation.

• Falcons Fit: A 12-week community wellbeing programme for adults combining fitness, nutrition and mentalhealth support.

• HITZ Employability & Enrichment: Delivered accredited and enrichment programmes supporting young people into education, training, volunteering and employment.

Disability & Inclusion

• Learning Disability Rugby: Delivered tailored tag-rugby sessions, competitive opportunities and team identity for participants with learning disabilities.

• Expanded provision to children aged 8–13 through National Lottery Community Funding.

• CAST inclusive volunteering project - a structured volunteer programme, enabling students and community members to support match-day activities, community events, holiday programmes, and delivery of NRF initiatives. CAST provides valuable work experience, skill development, and encourages civic engagement across the region.

Special Initiatives

• Community engagement for major events including pre-Women’s Rugby World Cup activities.

• Financial inclusion support to remove barriers to participation (e.g., kit, fees, travel) in partnership with Rispin 2 Blues

b. Plans for 2025/2026

For the year ahead, NRF will prioritise programmes demonstrating the strongest measurable impact.

Key focuses include:

• Rugby Union Development, with continued emphasis on expanding opportunities for Women and Girls, building on momentum from Women’s Rugby World Cup engagement.

• Core Education and Inclusion Programmes (HITZ and Futures): Expansion of participant numbers and geographic reach.

• Wellbeing Programmes: Strengthening Falcons Fit through recruitment of a full-time Wellbeing Officer, increasing community delivery and specialist partnerships supporting individuals with long-term health challenges.

• Income Generation: Embedding the new Income Generation Manager to strengthen partnership working and secure sustainable funding.

• Strategic Review: Initiating the Year 4 review of the Rugby+ Strategy and assessing Service Level Agreements with both professional clubs, recognising uncertainties linked to changes in club ownership.

• Rugby League Review: Assessing long-term sustainability due to declining funding and increasing delivery pressures, with the aim of identifying a viable operating model.

4

Docusign Envelope ID: 473AD410-4AD5-4D2B-B14B-EDA25334D9A0

Newcastle Rugby Foundation

(A company limited by guarantee)

Trustees' report (continued) Year ended 30 June 2025

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 £625,871 to £705,894, whilst expenditure has increased from £664,431 to £782,702 compared to last year figures. The charity has made a net deficit of £76,808 compared with £38,560 the previous year.

The trustees agreed in the previous financial year to designate reserves of £175,156 for the following:

1. Strengthen and evolve our social inclusion projects to meet with increased demand specifically Hitz and futures by investing in an additional Social Inclusion Manager

2. Invest in an Income Generation Manager to grow and diversify income streams in the medium to long term

3. Invest in a temporary marketing and communications personnel to support new employees without a drop off in the quality that had been built up.

4. A designated reserves pot to reflect any impact of the Newcastle Falcons relegation and subsequent reduction in central funding from Premiership Rugby.

In this financial year £27,025 was spent supporting staff posts as set out above. The remaining fund of £100,000 was not required and has been released back into general funds at the year end.

Trustees approved a cost-of-living increase for staff in this financial year against a backdrop of a much tougher funding landscape and increases to tax contributions from April 2025, which demonstrates the importance the charity places on it’s staff.

NRF has developed a Reserves Policy in line with Charity Commission guidelines to:

• Provide sufficient funds to meet the liabilities of the charity in the event of an unplanned event.

• Justify and explain why a particular level of reserves are held.

• To allow NRF to maintain the services that it provides.

• Recognises the funding risks and nature of the activities undertaken.

• Reflect the risk of a small number of funding resources drying up in the current climate.

In considering the above, the trustees agreed to review the requirement annually, with the currently requirements being two months wages, three 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 £205,721 with a target reserve requirement of £175,000.

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: 473AD410-4AD5-4D2B-B14B-EDA25334D9A0

Newcastle Rugby Foundation

(A company limited by guarantee)

Trustees' report (continued) Year ended 30 June 2025

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

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.

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Docusign Envelope ID: 473AD410-4AD5-4D2B-B14B-EDA25334D9A0

Newcastle Rugby Foundation

(A company limited by guarantee)

Trustees' report (continued) Year ended 30 June 2025

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 . 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:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles of the Charities SORP (FRS 102);

• make judgements and accounting estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

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 19 March 2026 and signed on their behalf by:

D I Ramage (Chair of Trustees)

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Docusign Envelope ID: 473AD410-4AD5-4D2B-B14B-EDA25334D9A0

Independent examiner's report Year ended 30 June 2025

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 2025.

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.

Signed: Dated: 19 March 2026 Anne Hallowell BSc FCA DChA UNW LLP Chartered Accountants

8

Docusign Envelope ID: 473AD410-4AD5-4D2B-B14B-EDA25334D9A0

Newcastle Rugby Foundation

(A company limited by guarantee)

Statement of financial activities (incorporating income and expenditure account) Year ended 30 June 2025

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	Unrestricted funds 2025 £ 6,556 147,249 17,553 1,458 172,816 3,249 246,375 249,624 (76,808) 330,661 (76,808) 253,853	Restricted funds 2025 £ 533,078 - - - 533,078 - 533,078 533,078 - - - -	Total funds 2025 £ 539,634 147,249 17,553 1,458 705,894 3,249 779,453 782,702 (76,808) 330,661 (76,808) 253,853	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

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

The notes on pages 12 to 25 form part of these financial statements.

9

Docusign Envelope ID: 473AD410-4AD5-4D2B-B14B-EDA25334D9A0

Newcastle Rugby Foundation

(A company limited by guarantee)

Balance sheet At 30 June 2025

			2025		2024
	Note		£		£
Current assets
Debtors	10	77,879		139,883
Cash at bank and in hand		278,647		263,876
		356,526		403,759
Creditors: amounts falling due within one
year	11	(102,674)		(73,098)
Net current assets			253,852		330,661
Charity funds
Restricted funds	12		-		-
Unrestricted funds	12		253,852		330,661
Total funds			253,852		330,661

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 19 March 2026 and signed on their behalf by:

D I Ramage (Chair of Trustees)

The notes on pages 12 to 25 form part of these financial statements.

10

Docusign Envelope ID: 473AD410-4AD5-4D2B-B14B-EDA25334D9A0

Newcastle Rugby Foundation

(A company limited by guarantee)

Statement of cash flows Year ended 30 June 2025

Cash flows from operating activities Net cash used in operating activities Cash flows from investing activities Bank interest 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	2025 £ 13,312 1,458 14,770 263,876 278,646	As restated 2024 £ 5,676 232 5,908 257,968
		263,876

The notes on pages 12 to 25 form part of these financial statements

11

Docusign Envelope ID: 473AD410-4AD5-4D2B-B14B-EDA25334D9A0

Newcastle Rugby Foundation

(A company limited by guarantee)

Notes to the financial statements Year ended 30 June 2025

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.

The accounts are prepared in pounds sterling and are rounded to the nearest £1.

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.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

12

Docusign Envelope ID: 473AD410-4AD5-4D2B-B14B-EDA25334D9A0

Newcastle Rugby Foundation

(A company limited by guarantee)

Notes to the financial statements Year ended 30 June 2025

2. Accounting policies (continued)

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.

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.

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Docusign Envelope ID: 473AD410-4AD5-4D2B-B14B-EDA25334D9A0

Newcastle Rugby Foundation

(A company limited by guarantee)

Notes to the financial statements Year ended 30 June 2025

2. Accounting policies (continued)

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.

3. Income from donations and legacies

Unrestricted funds 2025 £ Donations 6,556 Grants - 6,556 Unrestricted funds 2024 £ Donations 5,401 Grants - 5,401	Restricted funds 2025 £ - 533,078 533,078 Restricted funds 2024 £ - 509,638 509,638	Total funds 2025 £ 6,556 533,078
		539,634
		Total funds 2024 £ 5,401 509,638
		515,039

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Docusign Envelope ID: 473AD410-4AD5-4D2B-B14B-EDA25334D9A0

Newcastle Rugby Foundation

(A company limited by guarantee)

Notes to the financial statements Year ended 30 June 2025

4. Income from charitable activities

Unrestricted funds 2025 £ Training camps 147,249 Unrestricted funds 2024 £ Training camps 92,280 5. Income from other trading activities Income from fundraising events Unrestricted funds 2025 £ Matchday lotteries and raffles 13,451 Other fundraising events 4,102 17,553 Unrestricted funds 2024 £ Matchday lotteries and raffles 15,222 Other fundraising events 3,098 18,320	Total funds 2025 £ 147,249
	Total funds 2024 £ 92,280
	Total funds 2025 £ 13,451 4,102
	17,553
	Total funds 2024 £ 15,222 3,098
	18,320

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Docusign Envelope ID: 473AD410-4AD5-4D2B-B14B-EDA25334D9A0

Newcastle Rugby Foundation

(A company limited by guarantee)

Notes to the financial statements Year ended 30 June 2025

6. Investment income

Unrestricted funds 2025 £ Bank interest 1,458 Unrestricted funds 2024 £ Bank interest 232 7. Expenditure on raising funds Fundraising trading expenses	Total funds 2025 £ 1,458
	Total funds 2024 £ 232

Unrestricted funds 2025 £ Fundraising events and lotteries 3,249 Unrestricted funds 2024 £ Fundraising events and lotteries 300	Total funds 2025 £ 3,249
	Total funds 2024 £ 300

16

Docusign Envelope ID: 473AD410-4AD5-4D2B-B14B-EDA25334D9A0

Newcastle Rugby Foundation

(A company limited by guarantee)

Notes to the financial statements Year ended 30 June 2025

8. Analysis of expenditure by activities

Delivery of training programmes Delivery of training programmes Analysis of direct costs	Activities undertaken directly 2025 £ 493,844 Activities undertaken directly 2024 £ 401,198	Support costs 2025 £ 285,608 Support costs 2024 £ 262,934	Total funds 2025 £ 779,452
			Total funds 2024 £ 664,132

Staff costs Operating costs Coaching camp costs Publicity and promotion	Total funds 2025 £ 421,145 53,652 4,016 15,031 493,844	Total funds 2024 £ 302,860 67,559 14,256 16,523
		401,198

17

Docusign Envelope ID: 473AD410-4AD5-4D2B-B14B-EDA25334D9A0

Newcastle Rugby Foundation

(A company limited by guarantee)

Notes to the financial statements Year ended 30 June 2025

8. Analysis of expenditure by activities (continued)

Analysis of support costs

Staff costs General administration costs Marketing and sponsorship Legal and professional fees Travel, subsistence and entertainment Governance costs	Total funds 2025 £ 197,717 30,676 19,250 12,525 20,940 4,500 285,608	Total funds 2024 £ 189,817 20,325 21,587 9,117 17,588 4,500
		262,934

9. Staff costs

Wages and salaries Social security costs Contribution to defined contribution pension schemes	2025 £ 558,460 49,959 10,443 618,862	2024 £ 443,955 39,622 9,101
		492,678

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

	2025	2024
	No.	No.
Employees	19	17

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

		2025	2024
		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 £139,145 (2024: £138,227).

18

Docusign Envelope ID: 473AD410-4AD5-4D2B-B14B-EDA25334D9A0

Newcastle Rugby Foundation

(A company limited by guarantee)

Notes to the financial statements Year ended 30 June 2025

10. Debtors

Due within one year Trade debtors Prepayments and accrued income	2025 £ 19,766 58,113 77,879	2024 £ 85,768 54,115
		139,883

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 2024 Resources deferred during the year Amounts released from previous periods Deferred income at 30 June 2025	2025 £ 3,255 25,191 11,313 62,915 102,674 2025 £ 19,612 57,034 (19,612) 57,034	2024 £ 4,638 10,592 5,101 52,767
		73,098
		2024 £ 4,500 19,612 (4,500)
		19,612

19

Docusign Envelope ID: 473AD410-4AD5-4D2B-B14B-EDA25334D9A0

Newcastle Rugby Foundation

(A company limited by guarantee)

Notes to the financial statements Year ended 30 June 2025

12. Statement of funds

Statement of funds - current year

Unrestricted funds Designated funds Grassroots programmes Funding and data management Social inclusion Project staff posts General funds General Total Unrestricted funds	Balance at 1 July 2024 £ 100,000 46,938 28,218 - 175,156 155,505 330,661	Income £ - - - - - 172,815 172,815	Expenditure £ - (13,525) (13,500) - (27,025) (222,599) (249,624)	Transfers in/out £ (100,000) (33,413) (14,718) 48,131 (100,000) 100,000 -	Balance at 30 June 2025 £ - - - 48,131
					48,131
					205,721
					253,852

20

Docusign Envelope ID: 473AD410-4AD5-4D2B-B14B-EDA25334D9A0

Newcastle Rugby Foundation

(A company limited by guarantee)

Notes to the financial statements Year ended 30 June 2025

12. Statement of funds (continued)

Restricted funds Hitz Project Rugby Rugby League Development Plan Rugby College Development Programme Schools Connection Project Walking Rugby Holiday Activity Camps Thunder Community Womens and Girls Project Rugby Development Women & Girls Womens Rugby World Cup Other Total of funds	- - - - - - - - - - - - 330,661	78,388 69,580 27,250 121,500 51,800 30,044 17,584 5,750 20,000 22,050 89,132 533,078 705,893	(78,388) (69,580) (27,250) (121,500) (51,800) (30,044) (17,584) (5,750) (20,000) (22,050) (89,132) (533,078) (782,702)	- - - - - - - - - - - - -	- - - - - - - - - - -
					-
					253,852

Designated funds represent amounts set aside for new staff posts and ringfenced to cover any shortfall in partnership funding, while restricted funds are raised for specific programmes and projects targeted at particular groups and activities.

Further detail on both is provided in the trustees’ report.

21

Docusign Envelope ID: 473AD410-4AD5-4D2B-B14B-EDA25334D9A0

Newcastle Rugby Foundation

(A company limited by guarantee)

Notes to the financial statements Year ended 30 June 2025

12. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds Designated funds Grassroots programmes Funding and data management Social inclusion General funds General Total Unrestricted funds	Balance at 1 July 2023 £ - - - - 369,221 369,221	Income £ - - - - 116,233 116,233	Expenditure £ - - - - (154,793) (154,793)	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

22

Docusign Envelope ID: 473AD410-4AD5-4D2B-B14B-EDA25334D9A0

Newcastle Rugby Foundation

(A company limited by guarantee)

Notes to the financial statements Year ended 30 June 2025

12. Statement of funds (continued)

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	- - - - - - - - - - - - 369,221	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	(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)	- - - - - - - - - - - - -	- - - - - - - - - - -
					-
					330,661

23

Docusign Envelope ID: 473AD410-4AD5-4D2B-B14B-EDA25334D9A0

Newcastle Rugby Foundation

(A company limited by guarantee)

Notes to the financial statements Year ended 30 June 2025

13. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted funds 2025 £ Current assets 356,526 Creditors due within one year (102,674) Total 253,852	Total funds 2025 £ 356,526 (102,674) 253,852

14. Reconciliation of net movement in funds to net cash flow from operating activities

Net expenditure for the year (as per Statement of Financial Activities) Adjustments for: Bank interest Decrease/(increase) in debtors Increase in creditors Net cash provided by operating activities 15. Analysis of cash and cash equivalents Cash in hand Total cash and cash equivalents	2025 £ (76,808) (1,458) 62,003 29,575 13,312 2025 £ 278,646 278,646	2024 £ (38,560) (232) (10,034) 54,502 5,676 2024 £ 263,876 263,876

24

Docusign Envelope ID: 473AD410-4AD5-4D2B-B14B-EDA25334D9A0

Newcastle Rugby Foundation

(A company limited by guarantee)

Notes to the financial statements Year ended 30 June 2025

16. Analysis of changes in net debt

Cash at bank and in hand	At 1 July 2024 £ 263,876 263,876	Cash flows £ 14,770 14,770	At 30 June 2025 £ 278,646
			278,646

17. Related party transactions

There were no related party transactions during the year (2024: £nil).

25