Cbarlty nuDthr: 1109858 The RFL Benevolent Fund Trnstees, report and fanCIal statements for the year ended 31 Decenther 2023
The RFL Benevolent Fund Contents P*Re Stat¢ment of fjn¢ial activities BaiaTKe sbe Notes to the financial stat¢tn¢nts 9-14
The RFL Benevolent Fund Legg1 and 8dnthdstratlve Informadon Charity number 1109858 Business addre8• clo Upivwsity of HuddetsfieJd Huddersfield HDI 3DH Trustses Tim AdaD]s MBE Rts191 l June 2023 David Hinchliffe Beth Sutcliffe Kvvin Sinfield OBE Nryll¢ Smith Jat)e WaIll Victmia Sinw)la ApIllted 28 April 2022 App)inted l June 2023 Appointrd l June 2023 Apwitited l Jlltte 2023 App)inted 9 Augwst 2023. Resig[ 30 April 2024 AppDinted 9 AUg$t 2023 Sttwt Taylor AccountsDts 23 North Park knHd HGI 5PD Banker5 Nationa] Westin1 BakPI¢ POBOX 154 8 Pork Row L81 IQS Page I
The RFL Benevolent Fund Report of the tru$teeJ for the year ended 31 December 2023 Th¢ trllst¢ presellt their rep)rt 4thJ the financial btstunents for the year 31 2023. The tDJ8tees who served during th¢ y¢ar and wy to the date of this rqy(Kt ore set ou¢ on page l. Structsrey governance #Dd management Congtits4tion The Charity w&8 fOrnd by a Deed of Tr dat¢d 4 F¢bnwy 25 and is registered with the Charity conn#10 . Registrdtion number 1109858. orgaLSoa1JtrucfyrE The TnL8tee5 are app>int¢d and reDv from offi¢e by & 75•/ti majority of the Tr¢¢ of the RFL Benevolent Fwi the requirents of the operntiorks of th¢ Benevolent FutrL The Board of Trustres aims to qu8rteAyto meet the oTrgoillg of th¢ B¢n¢voleni Fwld and to Apprdi5e grant applfftcatioD5. Day to day managemeni of the Benevol¢Dt Fll[ Is handled by its gellval manager. Stephen Ball. The Trust¢ts act key Ma8cl[lentpeOnCj forthe Clty. at¢ rewnsible for8igtiifi¢xt deci8ion5 tn&dc. All Th¢w tnWee8 aTt trained as appropriate atsd all existsD8 tn receive * from th¢ Clwity CotirThission. Riskmapwg£#wAI Durin8 the year, th¢ tnLses have revi¢w)J the nthior risks to which the Cfrthtity is exp05e¢L particularly tbo8e reiated to the finance5 of the Charity. The Tntee$ have ¢0tt5idered the appropriate policies, prDcdures systems and are confident that they are adequate to miti8ate the Chan'tys ¢xposwe to the major risk The TnL4iees ensiire internal fillancial ntrol is m&intsiDed by haTriog a systcm of riOdiC management llJfoTrnation reports, cleox admioistrativc fmanci81 prrth It clellr lin¢s of acwwts. No fu]yJaincntal weak[sseS systems and control8 have been identified in the yur. The Ttm8tres ¢on8ider that In int¢nwt 4udit fimction is not rwired b81 on the relative 6iy of the Clwity, the risks identifi¢( alld ¢ontrol$ in plxe to mitigate thue ri8k& In the opinion of the Tns*e4 the Clwity h&5 that ¢orwJitions. risks are mitigatql to an acceptable level in its day to day opetatioos. Objectivu and activ2ties Objectives The objectives of the RFL Benevolent Fwkl ('th¢ BeOI¢t Fund"). as 8¢¢ out in the trt deed dat&1 4 February 2005. are to Provide for the relief of pw)le (sj tbeir deta¢nts) play. &%sis( or have piasrd or lsted in the game of Rugby tEague in the UK or for a ieam affiliatd ¢0 an a&wciation primarily b&sed in the UK and ate in hardship or distre88 in p8Xti¢ut&r as a resllit of iniury or death thmugh pl&yin8 or trainiDg for tbe of Rugby FcM)thall gue orwhen travelling to or from a game or training se&sio The key financial objectives iu the period v/ere to ra least £2Th1.000 and to retain at le&%t s/0 of availablc fi$ for benefi¢iaries. This poli¢y is adoptedby the TnJstr&4 to ke¢p available ill the event fundi is in ffspect of major injuries svhich rquire significant rnedic support. Volunteers All the TnLStees of the B¢Devolent Fund are voluDteer& in additio other volunteers are u8ed in th¢ raising of futth. Pag¢ 2
The RFL Benevolent Fund Report of the trustees for the ye4r ended 31 December 2023 Grani muknngpol The Benevolent Fulld CDsures tbe 4warded coJthTrtrte tt) the delivery of its objectiV¢S ¥Dd prtwitie5 by the app]i¢&tion of a review alld a$sessnkntproc desigrd forputpo. All the applicallts are rcvievKd to eTrwre ebgibility of the appJic4nL Applicatiolls which fit tbe eligibiiity lteria are All applicOllS aty ryrted to the Tnjstees for decisiork8. Trnsteu consider th¢ assess report4 risk factor alld Tecommend8tions in dlding svlLich 8pplicatiO 5p1)rL Publle benefit The Trustees are aware of the Cbarity Commi0% advi¢¢ on Cbariti and Publi¢ Ben¢fiL The Tre3 coth th&t they bave refted kn the colltsid in th¢ Cbarity Commi551Dll'S gcD¢ral guidanc¢ on public benefit when reviewing the Tnrfs axtns I1 objectives and ittplallDin8 firture adivitie5 for th¢ year. The Benevolelli futrj Aiti]S inwove the Iives of all piaym who have be¢D s¢riou51y injured whi]st involved in the playing of Rugby la8ue. Typicat eaS of support illc1 phy5iotherapy, itwements to h¢)m¢5 ond v¢hicle5 and provision of hou5ebold appliatscey and bolidays. althougb other fornL8 of Slipt are gtven if deetned approPte. Each request for support is ¢ons¢ded on a ¢ase4Jy-ca8e b&8iB and sOrt is opell to playw5 without restriction. AeblevemeDts and perfonnanet thjritig 2023 the problems asso¢iad with Covid 19 had Teduc&J alldthe Fund in the main Teverted backto its traditioDal beneficiaries Iemained hi8h. FwidT&ising improved in 2023 with the retDtroduction of the PEidents Ball. Funds wrre reved from RFL and onc¢ again from the Steve Prescott foutMlatioTL 2ff23 also saw the intrOdUd of the Brain Health Futt4 A far r¢¥hing education and support prograD]ll)e for botb currnlt 8T¥1 retiTrl Thgby league pla The Benevolent Futkl contittues to be mth within the of Rugby and ren1 Pll thought of by njany outside the 8xme. Flnanelal revlew The Benevolent FuDd generated Tticome of £420,726 (2022.. £201,532) during the year. Since the Benevolent Fulld WBS c5tablishe £3,816.437 IS becn dislributed to ben¢fi¢iaties, repftsentin8 61•h of the £6247.686 generated dutin8 the Same period. The swplus for the year £217.529 (2022: £56.787 deficit) leT4Vin8 the Bcncvolent FuDd with net assets of £992,703 (2022: £775,174). Tr re1(5 foT the year ar¢ set out Statemeth of FIE181 activities onpa8e 7. Page 3
The RFL Benevolent Fund Report ofthe trustee8 for the year ended 31 December 2023 RelveSpo1 It ts the po]icy of the TnLStees to M8]n unr&strictyJ Omds which are tbe free reserves of the Charity at a level to provide sufficient fimth to cover admiDithtion WMI support costs and worknng witsl of the Charity. tn additsotL the Tru8es h&ve 8dopted a po]icy of keeping fttuds available if fimditig ts neoled in ryt of major illjurie5 which rewire sigDificaTrt medieal yllpporL Tbe Trustees have set target lev¢is of £50,0(K) for admi0 8nd s1port costs 2nd £IOO,000 for working ¢witaE of the Charity. Tr bkn is kn cover the eVentility of nMjor injuries requiring sigDificant medical support. The l¢)ng-iemi taet level of free ttsexves is set at £l,(MJO.LKKI iticludillg the UO.QOO foI admintstratioD Ij supp)rt costs aad £I(K).o for workiD8 capital of the Charity. At the year ¢nd free r¢s¢rv¢s £850,498 12022: £766,L8I). It is the aitth of the Benevoleth Futld to build up its reserves 50 it bas fi]nds available to ]nak¢ sUPPOrt pawts. even if the finds 8ClleK8tcd iti tFyc&r are ata low leveI. InVen¢pOwer$ The TrStee& have powers to deit or iDv funds in any bu¢ to inv ODty aft¢r obt4rDing thice from a fit)ancial ¢xpert aod bavin8 re88rd to the suitabi]ity of itiYesÉtnents glld tbe t1 for dtYetsific8tiOtL The options for alt¢rn4tiv¢ fftllve8tttnt strategies are ¢urrendy beXtigpr0 by the TDJstetr. Plans for fulure periods can m&iBtain and increase the value of all as and wheD T¢qvyed Th¢ Fund works closely with its sistw ctthrity. Rugby Carw wbi¢h raises awar¢D¢&s of its a¢tivrties by promoting its fimdraisit)g activiti¢s through leafiety Rugby IAgue Caw and th¢ RFL website5, by illcludtng articlcs gbout the Benevolent Fud in their ccntsai events 8ndnevctrerS. Statement of trusteey, re8ponsibi]iti The trustees are responsibl¢ for preparing the T[St££$' ADTwal Repth1 8ttd tk sixten in 8ecordaw¢ with app1]bI¢ law aTKI United Kingdom Accoullting Sthndards (Utiite4J Wdotll G¢llety Ac¢eptedAcwuntillg Practice). Law applt¢able to ¢haTities in England and Wales requires the trtLSttt5 to prepare financi Sternents for each fjnanci81 year w.¢h give a lThe and fair view of clwity and of the incoming re9)w¢es and applicatioll of $ourCeS tsf thE charity select suitsble ac¢ounting policiu and then apply them coD8isteDtIy, state wh¢th¢r 8w>Eicable UK Accouutillg SfaDJllrds h&ve iwn follow&L sjbjfth to ll)tilerial deporture5 disclosed alld explailled in the fillancial stateroents. and prepare the fmanciai stat¢m¢nts on the 8oiDg concern it is inwympriate to presume that the charity will continue in oper8tiorL The trustees ore respottsible for keepiD8 prow accoting reeorfs disclose with &nable 8ceurw at ally time th¢ fin2ncial position of the ch&Tity and enable them ts) atsure tIMt the financial statets comply with the Cbaritie8 Act 2011 andthe Ch8Thty{Accounts and Reports) Regulatiow 21A)8. Page 4
TheTh Bejevolellt Fupd Report of the tru8te for the yeaT end¢d 31 D•cMihr21ll3 Chltrmxtt 12 &pt¢mber 2fr24 P•ge5
The RFL Benevolent Fulld Independent examfiDer's report to the trnsteos of The RFL Benevolent Fund. I rerA)rt to the charity trustws on my examithon of the ¥¢wnts of The RFL Bcnevolent FuTKi for the yw ended 31 D¢¢ember2023 set out on pages 2 to 14. Resptsttsibillties #nd bajis of report As the charity's tntsttts you aTe TeSmIble for the prwion of th¢ llts in accord8tttt with the reqUits of the Charities A¢t 2011 (Ihe Acf). I reith in respect of my examination of the cbaritys accoullts caTried oui urder stion 145 of the Act and ill caryin8 out niy examination I have followed ail the applicable Directio gtven by the Chan"ty Conunission undet sectiots 14515Mb) of the Act. Independent examlner's 8ttement Since the eharity$ gross InMe exceeded £250.OIXI y(Mtr ¢xwlliner must be 8 n*mber of a Ikjdy listed iti section 145 of the A¢L l ¢onfjmi that I qualified to urAdertake the examillthon bttaw¢ l Jm a nJ¢nkn of The ILstitut¢ of Chart¢rnl Accotants in Engjatbl and Wales. which ts on¢ of the listed bodie& I have completed my exarninatioL I conf]rn that no llhateri mattern bave ¢¢m to my atsentiott in Connon with th¢ examination 8iYiri8 m¢ Cause to betieye that ID any material t¢spe¢L a¢vtIng Te¢¢)rds were not kept iti rw of the ¢lwity as rwured by section 130 of the Act. or the A)1 th not accord with th05¢ OrdS. or the accouttts do not CODwly with the app£•ble coDwnffj8 the fomi and conlent of arcouttts set out in the Cbarities {AccouDts and Reports) Regutatiott% 2(K18 other than aoy requirement that Ihc aUllts we a aDd fair view which is not & mlltter cOldered as partof ats Andepermlcnt examitiO1 I have no COemS and have ¢onhe o¢ross nD other mat15 ID coDnxtioo with the examsD4tion to whi¢h atterttion should be drawts iti this report ID order to enabl¢ aproperutIdein8 of th¢ acwunts to b¢ rexhe Hovlard MattheTYS BA FCA ICAEW Independent exAmlner SMH Howard Matthews Llmlted Queensgate House 23 North Pxrk Ro4d H8rrogate HGI 5PD 19 Seplember 2024 Page6
The RFL Benevolent Fund statent of fmancial activitles For the year ended 31 De¢ember 2023 2023 Totsl 2022 Total fuDd8 d8 Incomlng rewurces Voltary in¢oll Activities for generating fur¥ Inyeslrnent income 152,413 68.546 43.780 155.987 308,4CIJ 68.546 43,780 188,620 11,960 952 Totsl Incoming rtsourees 264,739 155.987 420,726 201,532 Resources expended Charit4ble activities 175.185 5237 22.775 197.960 5237 207,709 50,610 Total resource8 pellded 180.422 22.775 203.197 258,319 Net jncomej(eend1tsre> for the year 84J17 133212 217,529 {56,787) Totsl fund8 brought forward 766,181 775.174 831,961 T,otal funds carrled fonvArd 850.498 142205 992.703 775,174 Th¢ staternent of finall¢ial activiti¢s I au Eall)s and lo&w in the )EaT aTMi therefore a 8ep£rth slatejllcnt of total All of the above amounts rel8te to continuing activiti Tht notes OD P8es 9 to 14 form tt itittgrnl part of thu¢ tha4chl itat¢ment& Page 7
BalAnee ihqtrt ¥Jt 31 December 2QLI Curtt All¢ts 39.818 481ffj19 47J.126 OJ.770 446,891 301.6tr7 12 IAW63 810268 Cr¢dIto 8moDDts flllffj8 dvewlthln ont yur Net 13 (35.094) 47tyJ 775,174 N¢tAaots 703 T13.174 FuDds 14 16 ij 140)5 150.498 8,993 766,181 Totlt*n 1703 775.174 TIM AdimJ1I18E
The RFL Benevolent Fund Notes to flnancial statements for the year ended 31 De¢ember 2023 Ac¢Dpntlng polleles Th¢ principal accounting po]icics arc 5llTD[ below. The ullI10g policies bave been applied consiste1lY 1.1. Basls of accounting The fillancial statements are pr¢par¢d w]der the historic81 cost collyelltion in accordanc¢ with thc St&t¢mellt of PTactice: Accountitig ReFwtillg by Ctoriiies prying theit accounts iti a¢cordancc with Fi]lATlI1 Reportitig Stat]daTd applicable in the UK and Republi¢ of Ireland (FRS102) and thB Clwities Act 2011 and UK GAAP as il oppli¢s from l January 2015. la. Cashllow beLxwe it is a small cRtarity. 1.3. Illcoming resources All iticomitig Tesources are included in the sratell1 of activities kn the charity is etttitled to the incon aTMI the wnouut can be quantified with reasoTbgbk The following splfi¢ policie$ 8re app]ied to P8rticu]ar tegorIeS of in¢ome: Voluntary Inrne is by way of donations 8r¥J gifts 8rMf is iDchthd ill full Tti the staternent of fwaucial activitie8 when rtL%ivable. Grsnts le entitlement is nol wrditsonal on the delivery of a 8rKcific perfonllaDC¢ by the ¢Trrity, are reCols¢d whell the cbarRty becomES unwDditiOnIY enfitled to the Donated s¢Trice5 ard faci]Rtie5 Includ at the value to the charity vknere this ean be quantifi The value of services provided by yo1te¢r5 bas not been jIllded. Gifts donated for ruale are Rnchmkd ircoming within activiti¢s for generating futtds when they are sold. Income from xttvcstments i4 Incl1 iti the yEar in which it receivable. 1.4. Reyour e4Jended Expenditure is recogDtsed on an aetrnal b&8is a Itability is ExpelldiDJte includes any VAT vrtjich catmot be bJltyrnovereAi and is Tewltyj Is pth of the to vknich itTr]Jtes. Costs of g¢netating fi]nd¥ cotEwA8e th¢ costs with attracting volulltary income and the costs of trdding Chfirithble expenditure ¢omprises kn costs IrKUr by the clwity in the delivery of its activities and services for its beneficiaries. It iticludes both eosts that can b¢ BikKated directy activities and thos¢ costs of aD indirect nature lle¢¢ssary to supwjrt thets 1.5. Investments cU¢t Set investrnents are at the lower of $t and net rea]i5abk val 1.6. Deflned contrlbutloD pen81oll scheme8 The pension costs ¢haTg¢d in th¢ fiuancial statem¢llts represent tbe conthution wdyable by the cbarity dwing the P*Ee 9
The RFL Benevolent Fund Notes to finydnclal statements for the year ended 31 December 2023 Voluntary income Unrestrkted Restrleted funds 21123 Total 2022 Totsl DonatiOJLq unrestrickd Donations restricted Th¢ Rugby Football t*agu¢ Steve Prescott foundation Logan and Garfs LioDs Hesrt Brain health fiu 10.163 10,163 13.048 100,000 42250 33,193 109.746 30.010 8.610 100,000 50,0(M) 13.048 100.0 41250 33.193 109,746 152,413 155987 308.41M) 188,620 Aedvldes for generathig funds U1¢trActed fund 2023 Total 2022 TotAI President's ball Lions Iullch 42,119 26,427 42,119 26,427 11,960 68546 68,546 11,960 Investmellt income 2023 Tfytal 2022 Totsl fund 34.728 9,052 34.728 9,052 Bank inteYestre¢eivable 952 43.780 43,780 952 Costs of charltable acthldes- by fund type 2023 Totsl 2022 Totsl funds Benevolertt fid Presidents ball Liotss Iullch 144,858 18200 12,127 22,775 167,633 18200 12,127 200.323 7J86 175,185 22,775 197,960 207,709 Pagt 10
The RFL Benevolent Fund Notss to flnan¢i21 st4tements for the year ended 31 December 2023 C08ts of ch#Tltable #ctfvhles- by actmty Acttvitk Gr•nt dertxkeD rulldlnt dIrtlY ¥4etlvities 2023 Total 2022 Total Benevol¢nt fund Presidents ball LioD5 lunch [66.083 182IM) 12.127 1.550 167,633 18200 12,127 200.323 7,386 196.410 1550 197,960 207,709 GovernAn¢e ¢osts u1Cted funds 2023 Tot41 2022 Totsl 3J82 1.370 360 125 3J82 lJ70 360 125 3.430 1,994 450 74 26,662 18.000 Prof¢ssional. Otl Just giving colts Bank char 5,237 5237 50,610 Page 11
The RFL Benevolent Fund Notes to fin8nclg1 statements for the year ended 31 December 2023 Employees Employment eosts 2023 2022 Wages and salaries P¢nsion costs Car alloThwK¢ Other costs 48.843 92 4.8L 545 44,967 9,489 4.800 545 63.388 59.801 No employee received enwloyee lfits (ex¢ludill8 eD)ployer pe$10 CLts) of tnoye thRn £60,000 {2022 .' Non¢). Number of employees The averag¢ monthly nutnttrs of enjployeu (inchyJiD8 the tnJ8tee8) during the ye4r, cai¢ulad ort the lya8is of fijll time equiva]ellt& ss folloTrE: 20 Nwllber 2022 Nunther Deliv¢ry of tvIceS Ttusl¢es reIVed no sa14Ti¢S orexpaHcs in the (2022: None) io, Penslon costs The charity Oper¢8 a defjned contribution peThsion schenK. Th¢ sch¢Die aDd its asgets are beld by tndepe 2023 2022 PeLsion charge 9200 9,489 ii. Debtor5 21123 2022 Oth¢r debtors Prepayments and accrned ir*on 34.995 4,823 50.0 11,770 39,818 61.770 Page 12
The RFL Benevolent Fund Notes to financial $tat¢ments for the year ended 31 December 2023 12. Current asset Investments 2023 2022 481.619 446.891 13. clItors. lmollnts fthg due wlthln one year 20Z3 2022 (Xbertsxes la1 s¢¢urity 714 7.146 166 34.928 7,860 35,094 14. AllalY of net assets behveen funds UttrestTiCted Restrleted fundj Fund balanc&% at 31 Dernber 2023 as repreb. Jnvestment a&sets 481,619 376.739 (7.860) 481,619 518.944 (7,860) 142205 .Current liabilities 850,498 142205 992,703 13. Unrestrlcted funds At At l Jxllnary Incomljsg Outgolng 31 Dec¢Jnber 2023 reMDrtM rewur¢¢s 2023 Benevolent Futtd 766,181 264.739 (180.422) 850,498 P•ge 13
The RFL Benevolent Fund Not¢s to fmallcig18t2temeDts for the year ended 31 December 2023 l& Restrlcted funds At At l Janp•ry Incoming Outgoing 31 Decethber 2023 resourus rtso•r¢ei 2023 Defibrillator Fund BTll Fund Brairl Health Futtd Lo Hnd G¥tys LI0 H¢art Fund 815 8.178 13,048 {1550) 12,313 8,178 88,521 33.193 109,746 37.193 (21225) (4,000) 8,993 159,987 (26,775) 142,205 17. RelAted party tr4nsActioD3 The Rugby Foothall L%agw Limited is a dd)b)rto th¢ charity for£8J33 (2022: £25.000) at the y¢8r end. Rugby L¢ague Cares. TrYhi¢h bas com[ll tn]sttt& is 8 debtor to the clwity for £26,661 (2022.. £25,000) a¢ th¢ year end. P*Ee 14