Docuswjn Envelope ID.. 6762416fE894FEA-BE6E-7c0S9FEs78CA Restsrt Rugby Unaudited Annual Report and Financial Statements 31 January 2024 Company Registralion Number 05179792 {ENJland and Wale8) Cfiarlty Reglslratlon Number 1113160 *ADDDAHXC' 0911012024 COMPANIES HOUSE
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DoGusign Envelope ID.. 6762416lE894FEA-BeSE-7cD69FES78CA Contents Reports Reference and administrative information Trustees, report Independent examiner's report Flnanclal statements Statement of financial activities 10 Balance sheet Statement of cash flows 12 Principal accounting policies 13 Note810 the financial statements 16 Restart Rugby
DooJs*Jn Envelope ID.. 676241614IE894FEA-B86E-7CD69FE578CA Trustees, report Year ended 31 January 2024 Trustees J Beard (Chairman) M Campion D Cook (Appointed 17 October 2023) J Haskell E Jackson C-M Roberts (Appointed 17 October 2023) S Vaughan-Edwards (Resigned 12 January 2024) Secretary S Munday (Resigned 17 October 2023) Address clo Buzzacott 130 Wood Street London EC2V 6DL Company registration number 05179792 (England and Wales) Charlty reglstration number 1113160 (England and Wales) Independent Examlner Catherine Biscoe Buzzacott LLP 130 Wood Street London EC2V 6DL Restart Rugby 1
Docusign Envelope10.. 67824161-DE894FEA-886E-7CD69FE578CA Trustees, report Year ended 31 January 2024 The Trustees (who are directors of the charty for the purposes of the Companies Act) present their report (which is a directors, report for the purposes of company law) together with financial statemenls for the year ended 31 January 2024. The financial statements have been prepared in accordance with the accounting policies set out on pages 13 to 15 of the attached financial statements and comply with the charitable company's Memorandum and Articles of Association, applicable laws and the requirements of Accounting and Reporting by Charities.. Statement of Recommended Praclice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the Unrted Kingdom and Republic of Ireland (FRS 102). ststus and Incorporation The company is limited by guarantee (no. 05179792) and a registered charity (no. 1113160) governed by its Memorandum and Articles of Associalion. The directors of the charity are ils Trustees for the purposes of charity law and throughout this report are collectively referred lo as the Trustees. Tfustees The Trustees seNed throughout the year except where shown.. Trustee olnted l Resl ned J Beard {Chairman) M Campion O Cook J Haskell E Jackson C-M Roberts Svau han-Ethvards Appointed 17 October 2023 Appointed 17 October 2023 Resi ned 12 Janua 2024 For the purposes of company law, the Trustees listed above are the directors of the company. There musl be at least three Trustees. one third of whom must relire at each AGM, although they are free to be reappointed. The Trustees are able to appoint new Trustees. The induction for any new Trustee consists of them being made aware of Iheir responsibilities and of the charty's aims and objectives. All trustees are expected to carry out their duties and responsibilities diligently. Objectives and public benefrt The main objectives for which Reslart Rugby was established are to promote the relief of sickness, of mental or physical disability, of stress and of hardship of people who are involved or were fomierly invofved in the game of rugby union football who by reason of their age. infimiity, disablement, poverty or social and economic circumstances have need of such relief,. and to advance the physical education and health of both children and adults by encouraging and assisting the provision of opportunities and facilities for the playing of rugby union football at all levels. Restart Rugby 2
Docusign Envelope ID.. 67624161-DE894FEA-BB6E-7CD69FE578CA Trustees, report Year ended 31 January 2024 Objectives and public benefit (Continued) The public benefit guidance published by the Charty Commission sets out two key priorities.. • the organisation must have an identifiable benefit • the benefit must be to the public or a section of the public. The Trustees have reviewed these requirements and are satisfied that the Chartys activrties comply with these requirements. Organisation The Trustees of Restsrt Rugby Outsour the operational management of the Charty to the Rugby Playets Association (RPA). This is felt to be the most cost-effective model to help reduce the possibility of unnecessary cost of overheads and a duplication of administration services provided, whilst still operating as an independent entity. A Fundraising Manager for Restart Rugby, assisted by a Fundraising Executive, services the Trustee meetings whilst focusing on their primary objective ol sourcing e%Aemal fundraising and donations wrth the RPA managing the daily administration of the Charity. More specrfically, the Charity engages the RPA (free of charge) to provide some of its management and operational support in the delivery of the charitable activities. Day to day decis¢ons are taken by the slaff and management team employed by the RPA but only to the extent Ihat those decisions are made pursuant to the strategy and direction agreed by the Board of Twslees of the Charrty and as communicated to the RPA as part of the delivery arrangements. The Trustees retain overall control over the Charity's activities and can at any time direct the RPA and rts staff to either take or refrain from taking a particular course of action. The day-to4ay activities of the Charity are reported to the Trustees at each meeting of the Trustees, with Board packs provided to Ihe Trustees ahead of each board meeling containing signrficant information as to all activrties carried out by ihe RPA on the Charity's behalf. Trustee meetings to discuss the activities of Restart Rugby are held four times per calendar year. Key management personnel The Trustees consider that they comprise the key management of the Charity in charge of directing and controlling, running and operating the Charity. All members of the Board of Trustees give their time voluntarily and receive no benefits from the charty. Achievements and performance There are few careers that carry the level of uncertainty as that of a professional rugby player but due to the work of Restart Rugby, pasl and present players have a vital support network which helps them to deal wth challenges whilst playing and to prepare for and re- adjust in the world beyond rugby. The work supporting players and fonner players has continued throughout the year together with the continual development of the structures of the Charity. Restart Rugby 3
DO$1gn Envelope ID.. 67624161-DE894FEA-BB6E-7CD69FE578CA Trustees, report Year ended 31 January 2024 Achievements and performance (continued) During the course of the year, three premiership men's clubs, one premiership women's club and a championship men's club all ceased to operate. This was an extremely stressful and challenging time for many players and employees from these clubs. Restart Rugby received restricted granls from the Rugby Football Union (RFU), Premiership Rugby Limited (PRL) and Premiership Women's Rugby (PWR), to support players and staff from the clubs who ceased to operate. The trustees awarded grants to 78 individuals, which totalled £201,602. This was a first class example of close cooperation between key stakeholders of the game. The trustees are hopeful that the charity will receive further restricted grants in the future to support current and former male and female professional players. Fundraising activity was much reduced compared to the prior year, with net unrestricted fundraising income totalling £203,845 compared to £407,729 in Ihe prior year. The reduction was spread across both annual events e.g. RPA Awards, and one off 3rd party fundraising events. The trustees remain mindful of the challenges faced in raising funds from traditional fundraising events, and whilst it is hoped these can be improved next year, additional sources of funding need to be explored. Wellbeing grants of £90,774 (2023.. £24,762) were awarded to 57 recipients in the year. and general granls of £15,214 (2023- £2,872) were awarded to 6 recipients in the year. The 24 hour Confidential Counselling Service also continued throughout the year. The charity al80 contributed £87.304 {2023.' nil) to the players insurance costs. The unrestricted funds at the end of the yearwere down from £371,434 at 31 January 2023 to £199,374 at 31 January 2024. Financlal revlew of the year The Charrty is largely dependent upon income generated by fundraising events and this is a key perfomance indicator for the Charity. The Trustees were disappointed with the fundraising performance of the Charity in the year under review and will look to improve fundraising during the course of the next financial year. A net decrease in unrestricted funds of £172,060 was recorded in the financial year (2023.. increase of £251,493). Total unrestricted income in the year to 31 January 2024 was £206,859 (2023.. £407,729). Total expenditure amounted to £659,378 (2023.. £241,244) of which £464,855 (2023.. £97,048) were grants made in accordance with the Charitvs objectives. Reserves policy and going concern The balance of funds as al 31 January 2024 was £213,198 (2023.. £460,716). This was comprised of £13,824 (2023.. £89,282) restricted funds and £199,374 (2023.. £371,434) unrestricted funds or free reserves. Restart Rugby 4
DocJJsNJn Envelope ID: 876241614IE894FEA-BB6E-7CD69FE578CA Trustees. report Year ended 31 January 2024 Reserves policy and golng concern (continued) The Trustees continue to support and challenge all that Restart Rugby is doing in providing assistance to past and present professional rugby players in need of support. Despite various economic challenges that have affected a number of Premiership clubs in rent seasons, the deep impact this had on the professional game and the players directly, delivery of all key elements of Restart Rugby's support area has continued and in the case of the financial year under review, the reach and impact of the Charity continue to grow. The restricted funding received in the year from the RFU, PRL and PWR has been vital to enable the charity to support many players and employees from the clubs that went into administration. The Trustees are of the opinion that the resources they retain and anticipate receiving in the future will enable them to meet the current and future requirements of Ihe Charity. On this ba8lS, the Truslees have concluded that the reserves of Restart Rugby are adequate. The Trustees continue to remain mindful of the continued gr0h and development of the professional game but also ils precarious financial position and its longer-term sustainabilty- This will directly impact professional players as a result and therefore the likely increase in the future requirement lo support current and fomerplayers in accordance with the Charity's slated objectives. The Trustees also remain particularly mindful of the current economic environment. A$ in previous years, whilst dialogue continues with other stakeholders within the professional game. the Trustees continue to believe that rt is prudent to continue lo build its base level of reserves until such lime that fomial commitment is obtained regarding any ongoing support of the Charity, As detailed in the accounting policies on pages 13 and 15, the Trustees have concluded that the Charity will be able to continue to operate as a going concern despite the very challenging economic cirCumstanS faced by the game and the wider economy. The Trustees have concluded it is therefore appropriale for the Charity to continue to prepare its accounts on the going concern basis. Rlsk managemenl and plans for future perfods The Trustees have reviewed major risks lo which Restart Rugby is exposed. The Trustee5 review those risks that they consider may affect the Charity on an annual basis with a view to identifying means of miligating the potential impact on Restart Rugby should any of the risks materialise. The key risks for the Charity, as identified by the Trustees, ar8 defined below together wrth the principal ways in which they are mitigated.. Due to the landscape of the fundraising calendar, the ability to reach fundraising targets for the Charity continues to be largely dependent on the success of the RPA Events Programme and the support of the RFU and Premiership Rugby in order to provide funds for Restart Rugby. The impact of this risk continues to be reviewed. As well as generating income. the Trustees recognise the need to review the charity's expenditure levels and cost control processes on a regular basis. Restart Rugby 5
DO$¥dn Envelope ID.. 67624161-DE8F8l-BB6E-7CD69FE578¢A Trustees, report Year ended 31 January 2024 Risk management and plans for future periods (continued) The Trustees have also considered the primary strategic, business and operational risks which the Charity faces and are satisfied that the controls and processe5 have been established to ensure the minimisation of those risks. The financial position of the Charily is currently modest. The trustees review forecasts on a regular basis and are able to reduce grants if insufficient funds are held. This would not, ofcourse, be desirable, and the trustees continue to wort( hard to secure future funding to enable it to meet the needs of all players. Throughout the year, regular assessment has been taken by the Board of Trustees to consider the implications to the ongoing financial health of the Charity alongside the wellbeing of rts beneficiaries. In-person attendees at fundraising events and match day crowds have reverted back to pre-pandemic levels and, subsequently, events related lo the sporting calendar are back in full operation. Whilst there remains the current cost-of-living crisis that may impact the public's ability to donate to the Charity alongside the financial health within the domestic game, to mitigate this risk, Restart Rugby and the RPA continually review their event management process to ensure the highesl standard is experienced by those attending Ihe events. On a broader scale, the Charity continues to be in discussion with other stakeholders within the professional game in order to explore other collaborative fundraising initiatives to help mItate against any increased risk that may are. As in previous years, the Charity must be able to raise funds in line wi£h its fundraising strategy in these uncertain times, which is activated through the Charity's dedicated fundraising resources. The success of activating new fundraising areas and game-wide ongoing support through other stakeholders within the professional game is critical for the Charity to be in a position to support worthy recipients, however the increase in financial hardship, injury and wellbeing caseswithin professional rugby continues to rise yearon year and these slatistics mean that is likely to result in a signrficant increase in applicalions being received and subsequent demand for the funds of Restart Rugby. With the current unstable climate of the professional game and the area of support being so difftcull to predict, the Charity continues to work closely wilh the RPA in the implementatlon of player welfare provisions during their careers to assist pre and post-retirement from the professional game. General financial and operational risks continue to be monitored by the Trustees. These risks are mitigated through the monitoring of fundraising stralegies and targets alongside the control of the current and future financial outlook of the Charity. It is considered that the necessary skills and experience amongst the Restart Rugby Trustees enables it to address the most likely risks and to highlighl any occasions where addrtional external support may be required. Investment policy The Trustees have the power to invest in relevant assets as they see frt. For the time being. the Trustees intend to continue to hold a small surplus of cash in short term deposit accounts. Grant making policy Restart Rugby's grant making activities contribute to the achievement of its aims and objectives by assisting current and fomier players in their time of need. Restart Rugby 6
DocusMJn Envelope ID: 67624161)E8FEA-8B6E-7CDs9FEs76CA Trustees, report Year ended 31 January 2024 Fundraising statement The charity aims to achieve best practice in the way in which it communicates with supporters. It takes care with both the tone of its communications and the accuracy of its dala to minimise the pressure on supporters. The charity is registered wilh the Fundraising Regulator and adheres to the Code of Fundraising Practice. It applies best practice to protect supporters, details and never sells data- it never swaps dala with other organisations and ensures that rts communication preferences can be changed at any time. The charity manages its own fundraising activities and ¢Joes not employ the sep4ices of professional fundraisers. The charity undertakes to react to and investigate any complaints regarding rts fundraising activities and to learn from them and improve its sep41. During the year, the charily received no complaints about its fundraising. Slatement of trustees, responslbilitles The Trustees (who are also directors of Restart Rugby for the purposes of company law) are responsible for preparing the Trustees. report and the financial stalements 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 which give a true and fair view of the stste of affairs of the charitable company and of the income and expenditure of the charitable company for that period. In preparing these financial statements, the Trustees are required lo.. • select suitable accounting policies and then apply them consistently. observe the methods and principles in the Accounting and Reporting by Charities.. Statement of Recommended Pradice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to the United Kingdom and Republic of Ireland (FRS 1021., make judgements and estimates that are reasonable and prudent: st81e whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.. and • prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charitable company will continue in business. The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charitable compansls transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Compantes Ad 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Restart Rugby 7
Docu51gn Envelope ID.. 67624161-DE894FEA-B88E-7CD69FE578CA Trustees, report Year ended 31 January 2024 Statement of trustees, responsibilities (continued) The Trustees are responsible for the maintenance and integrity of the corporate and financial infomiation included on the charitable company's website. Legislation in the United Kingdom goveming the preparation and dissemination of financial statements may differ from legislation in other Jurisdictions. The trustees, report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies including the exemption from preparing a strategic report. On behalf of the Board Do¢uSlgn•d by: LYLMI ewl FA58AF3880824CO... Truslee Jeremy Beard Chairman Date.. 27/09/2024 Restart Rugby
Docusign Envelope ID.. 67624l61-DEaFEA-B86E-7cD69FEs78CA Independent examinerfs report Year ended 31 January 2024 Independent examiner's report to the Trustees of Restart Rugby I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 January 2024. Responsibilities and basis of report As the Iruslees of the charrtable company and also its directors for the purposes of company law, you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. Having salisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examinalion of your charity's financial statements as carried out under section 145 of the Charities Act 2011. In carying out my examination I have followed the applicable Directions given by the Charity Commission under section 145{5}(b) of the Charities Act 2011. Independent examlner's ststement I have completed my examination. I confimi that no material matters have come to my attention in connection with my examination giving me cause lo believe that in eny material respect.. accounting records were not kept in respect of the charitable company as required by section 386 of the Companies Act 2006., or the financial stalements do not accord with those records; or the financial statements do not comply wrth the accounting requirements of section 396 oflhe Companies Act 2006 other than any requirement that the financial statements give a 'true and fair view. which Is not a matter considered as part of an independent examination., pr the financial statements have not been prepared in accordance with the methods and principals of the "Accounting and Reporting by Charities.. the Statement of Recommended Practice applicable to charrties 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 lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Catherine Biscoe For and on behalf of Buzzacott LLP 130 Wood Street London EC2V 6DL Date: 27 September 2024 Restart Rugby 9
Docusign Envelope ID". 67624161EBFEA-8B6E-7c069FES78CA Statement of financial activities (incorporating the income and expenditure account) Year ended 31 January 2024 2024 Total fund• 2023 Total funds UnrnGtrlcted funds Restricted funds Unrestridal funds Restricted funds Notes Incijme and xpenditure Incomè from: Fundraising Investments Total Incom• 203,845 3,014 206,859 205.001 408,846 3,014 411.860 407.729 407.729 205.001 407,729 407,729 Expendbtur• on: Raising funds Charflable acti1$ Total oxp•ndltur• 165,736 213,183 378,919 165.736 493.642 659.378 121.853 34,383 156,236 121,853 119.391 241.244 280,4S9 280.459 85,008 85,008 Net Income 16xpendlture) and movement In funds 1172,0601 175,4581 1247,5181 251,493 185,008) 166.485 R•¢on¢lllJtlon of fund8'. Total lund8 brought lorward at 1 Febru•ry 2023 Total lund$ c•nl•d fopward at 31 January 2024 371,434 89,282 460,716 119,941 174,290 294,231 199,374 13.824 213.198 371,434 89,282 460,716 All of the Charity's activities derived from conts'nuing operations during the above iwo financial periods. All recognised gains and losses are included in the above statement of financial activities. The notes on pages 16 to 19 fom part of these financial statements. Restart Rugby 10
Docusign Envelope ID.. 67624161-DE894FEA-BB6E-7C069FE578CA Balance sheet 31 January 2024 2024 2024 2023 2023 Notes Current assets: Debtors Cash at bank and in hand 49,933 324,641 374,574 6.375 549.981 556,356 Llabllltlo¥: Creditors.. Amounts fallSng du8 within one year 10 1161,376) 195,640) Not ¢urrent assèts 213,198 460,716 Total nét as80ts 213,198 460,716 The lund8 of the charlty: Restricted funds Unrestricted funds 13,824 199,374 89,282 371,434 213,198 460,716 For the year eNled 31 January 2024, Ihe company WJS enlilled lo exempllon from oudtt urKler $ectlon 477 of the Companies Acl 2006, relallrg lo small companies. Members ha not requlred the company lo obtain an aLxlil in accordar wilh section 476 of CornpanSes Act 2006. Tl* Iruslèès. ## directots. acknOedge Ihelr responsibility for.. ensurtng the company keeps aCcotIng record8 vA)Ich conyty vllh sectlon 386 of Companle$ Acl 2006, arKI preparing f+nancl81 slalemenls vthich give a Irue arKI fair ¥¢ew olthe stale of affairs of the eompany as ai the en¢J of Ihe financial year, aTrJ ol its profil or loss for tts financial year. in ardance th the requlrements of $ecliorbS 394 a1 395 and kn1¢h othe•Se mplY vthh the requiremen1$ of thè Companies Act relallng lo financial slalements. so lar as applicable lo Ihe compary. Th8 financial slaternenis have been prepared in accordance vhth Ihe pTow$ions applicable lo companies subjecl lo Ihe 8m811 eompantes reglme as sel oul In Pèrt 15 oflhe Companies Act 2006. The financial ststements tre approved by the Tru51ee5 on 27/09/2024 and are signed on their behaw by.. FA5WJB&OJZICQ. Trustee Jeremy Beard Chaimian Company no. 05179792 (England and Wales) Chanty no. 1113160 {England and Wales) Restart Rugby 11
Oocu$ign Envelope ID.. 67624161-DE894FEA-886E-7CD69FE578CA Ststement of cash flows Year ended 31 January 2024 2024 2023 Notes Cash flows from operating actlvltles: Net cash {used inl provided by operats'ng activities A 1228,3S4 234,011 Cash flow8 Irom Inv88tlng a¢tlvltla8: Interest received Net cash provldéd by inv•sting act6vities 3,014 3,014 Change In cash and cash equivalents in the period {225,340) 234,011 Ca8h and cash •qulval•nts •t 1 Fobruary 2023 649,981 315,970 Cash and Cash equlvalents at 31 Janua 2024 324,641 549,981 Notes to thè stat•ment of cash flows for the year ended 31 January 202 A Reconclllatlon of net movement In funds to net cash flow from operatlng actlvltles 2024 2023 Net fflovement In lund8 la• par the 8tstsm?nt of finan¢i•l •¢tlvlt5¢8) (247,518) Adbustments for: Interest income (IncreaseyDecrease in debtors Increase in creditors Net cash provided by operatSng actlvltles 166,485 (3,014) (43,558) 65,736 (228,354) 4,734 62,792 234,011 B Analysls of changes In net debt 2024 2023 Cash at bank and in hand 324,641 549,981 Reslart Rugby does not have any borrowngs or lease obligations. Net debt consists therefore of the cash balance. Restart Rugby 12
Docus•3n Envelope ID: 67624161-DE894FEA-BB6E-7C069FE578CA Princlpal accounting policies Year ended 31 January 2024 The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial slatements are laid out below. Basls of preparatlon These financial statements have been prepared for the year ended 31 January 2024 with comparative information for the year ended 31 January 2023. The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless olheTwise stated In the relevant accounting policies below or the notes to these financial statements. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charrties preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The charity constitutes a public benefil entity as defined by FRS 102. The financial statements are presented in sterling and are rounded to Ihe nearest pound. Critical accounting estimates and areas of judgement The preparation of the accounts in compliance with SORP FRS 102 requires the use of certain critical accounting estimates. It requires also that management and Trustees exercise judgement In applying the charity's accounting policies. In preparing these accounts, the Trustees have made significant estimales and judgements in the following area.. Estimating future income and expenditure for the purpose of assessing going concern. Assessment of going concern The Trustees have assessed whether the use of the going concern assumption is appropriate in preparing these accounts. The Trustees have made this assessment in respect of a period of one year from the date of approval of these financial ststements. The Trustees of the charity have concluded that there are no material uncertainties related to events or condrtions that may cast significant doubt on the ability oflhe charity to continue as a going concern, The truslees have given consideration to projected forecasts of future donations against underlying costs and are of the opinion that the charity will have sufficient resources to meet its liabilities as they fall due. Restart Rugby 13
Docu5n Envelope ID." 6762416l-oE894F-BB6E-7CDG9FEs78CA Principal accounting policies Year ended 31 January 2024 Income recognltlon Income is recognised in the period in which the charty has entitlement to the income, the amount of income can be measured reliably, and it is probable that the income will be received. Income comprises proceeds of fundraising, donations and interest receivable. Proceeds from fundraising includes amounts raised at fundraising events, including the proceeds of auctions and donalions made during the event. Proceeds from fundraising and donations are recognised when the Charity has confirmation of both the amount and settlement date. In the event of donations pledged but not received, the amount is accrued for where the receipt is considered probable. In the event that a donation is subject to condrtions that require a level of perfomiance before the Charrty is entitled to the funds, the income is deferred and not recognised until either those condition8 are fully met. or the fulfilment of those conditions is wholly wrthin the control of the Charity and it is probable Ihat those conditions will be fulfilled in the reporting period. In accordance with the Charities SORP FRS 102 volunteer time is not recognised. Inlerest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity,. this is nomially upon notification of the interest paid or payable by the bank. Expenditure recognition Liabilities are recognised as expendrture as soon as there is a legal or constructive obligalion committing the charity to make a payment to a third party, it is probable that transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. Expenditure comprises direct costs and support costs. All expenses, including support costs, are allocated or apportioned to the applicable expenditura headings. The classrfication bettveen activities is as follows.. • Expenditure on raising funds includes all expenditure associated with raising funds for the charity, including staff costs associated with furbdraising. • Expenditure on charitable activities includes all costs associated with furthering the charitable purposes of the charity through the provision of its charitable activities. Such costs include charitable grants and donations and support costs, including govemance costs. Charitable grants and donations comprise single year payments rather than multi-year gran15. Grants and donalions are included in the statement of financial actwilies when approved for payment and irrecoverably committed to the recipient. Provision is made for granls and donations approved but unpaid at the period end. All expenditure is stated inclusive of irrecoverable VAT. Restart Rugby 14
Do9Jn Envelope ID.. 87824161E894FEA-BB6E-7cD69FEs78CA Principal accounting policies Year ended 31 January 2024 Allocation of support and governance costs Support costs represent indirect charitable expenditure. In order to carry out the primary purposes of the charty it is necessary to provide support in the fomi of personnel development, financial procedures, provish)n of office services and equipment and a suitable working environment. Governance costs comprise the costs invofving the public accountability of the charity (including audrt costs) and costs in respect to its compliance with regulation and good practice. Support costs and governance costs are allocaled in full to charitable expenditure. Debtors Debtors are recognised at their settlement amount, less any provision for non-recoverability. Prepayments are valued at the amount prepaid. They have been discounted to the present value of the future cash receipt where such discounting is material. Cash at bank and In hand Cash at bank and in hand represents such accounts and instruments that are available on demand or have a maturily of less than three months from the date of acqui5ilion. Creditors and provislons Creditors and provisions are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable Ihat a transfer of economic benefit will be required in Settlement, and the amount of the settlement can be estimated reliably. Credrtors and provisions are recognised at the amount th8 charity anticipates it will pay to settle the debt. They have been discounted to the present value of the future cash payment where such discounting is material. Fund accounting Funds held by the charrty are divided into the following categories: Unrestricted funds are those which are expendable at the discretion of the Trustees in furtherance of the objects of the charity Restricted funds are Ihose which can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to these financial ststements. Restart Rugby 15
Docusign Envelope 10.. 67s24161E8FEA-B86E-7cD69FES78CA Notes to the financial statements Year ended 31 January 2024 1 Income from fundralsing Unrgstrlctod fund• RtrIcted funds 2024 Proceeds from fundraisiThJ 203,845 205,001 408,846 Unrnstiicl•d funds Resbycled runds 2023 PceedS fffjm lundrnlsi 407,729 407,729 2 Income from Investments Unro•trf¢t•d lunds R•8trfcted funds 2024 Bank interest receivable 3,014 3.014 Unreslrlcted funds Restrtcled funds 2023 Bank Inl•nTrsl recehable 3 Expendlture on raSslng funds Unmtrlctsd funds R••trlct•d lund• 2024 Fundralslng 8laff cogls Cosl of fundra181ng events 43,525 122,211 165,736 43,525 122.211 16S,7J8 Unrestiicted furtds Restrfcied funds 2023 Fundrnisinq st8Mcosts Cost of lundralsing events 32.560 89,293 121,853 32,560 89,293 121,853 4 Expenditure on charitable actlvltles Unr¢$trlcted lunds A111¢¢•d funds 2024 Grants (note 51 184.396 280,459 464.855 Support co$ls'. Bank charge$ PR Website costs Olher Govemance costs 210 9,908 210 9,908 14.414 4,255 28,787 14.414 4.255 28,787 213,16J 280.4Sg 493,642 Restart Rugby 16
Oocusign Envelope ID.. 67624l61E8g4FEA-B6sE-7C0G9FEs7BCA Notes to the financlal statements Year ended 31 January 2024 4 Expendlture on charltable actlvltles (continued) Unreslricled funds Restricted fuThYs 2023 Grnnls (note S) 12.040 85.008 97,048 Supportcosts.. Bank charges PR Wobslt8 costs Other Govemonce Costs 227 4, 758 120 a,258 8,980 22,343 227 4,758 120 8,258 8,980 22.343 34,383 84008 119,391 S Grants During the period, Ihe following grants were made in accordance with Restart Rugby's objectives.. 2024 2023 Player medical costs Relief grants made to qualifylng individuals and communitres Player insuranc4 cost contributions Player mental health support cost contributions Player hardship fund finanrjal grants Player education grants 62,781 15.214 87,304 27,993 201,602 69,961 464,8SS 9,368 2,672 15,394 69,614 97,048 6 Net Income {expendlture) Net income {expendilure) is slated after charging: 2024 2023 Audilorfs remuneration Independenl Examinerfs remuneralion 8,400 4,200 4,200 8,400 7 Trustee remuneration The key management personnel of the charity comprise the Trustees. No Trustees received any remuneration for the year ended 31 January 2024 (2023.. £nil). No Trustees were reimbursed travel expenses incurred in the course of their duties as Trustees (2023.. £nil). 8 Taxation Restart Rugby is a registered charity and therefore is not liable to income tsx or corporation tax on income derived from its charrtable activities. as it falls within the various exemptions available to registered charities. Restsrt Rugby 17
Doujswn Envelope ID.. 67624I6l-DE8FEA-BBSE-7cD69FEs78CA Not8S to the financial ststements Year ended 31 January 2024 9 Debtors: amounts falling due within one year 2024 2023 Ac£rued income PpaYments 47,673 2,260 49,933 1,000 5,375 6,375 10 Creditors: amounts falling due wlthln one year 2024 2023 Trade ¢0110r8 Other credilot5 Accru&d expenses 28,167 3,000 130,209 161,376 7,920 9,706 78,014 95,640 11 Funds At31 J•nuary 2024 F•bruary 2023 In¢om• Exp•ndltur• Restrlcted funds.. .RFU Education Haship Fund Tol&l reslrtcled Furds Unreslrlcled funds Total lunds 8,896 80,386 18,896 (69,961) 1201,6021 1280,4591 1378,9191 1659,3781 10.425 3,399 13.824 189,374 213,198 205,001 205,001 206,859 411,860 89.282 371.434 460.716 RFU fund.. Restart Rugby received a donation in April 2021 from the RFU to assist with the costs associated with its 24hr cOnfential Counselling Service. Education fund.. Restart Rugby received a donation of £150,000 in December 2021 from a third party to assist players in the areas of education and training specific to their career post professional rugby. Hardship fund: Restart Rugby rec£ived donations during the year totalling £205,001 from the RFU, Premiership Rugby Limited and Premiership Women's Rugby to provide players and employees that were impacted by clubs going into administration with financial support. At 1 F•brtry 2022 At 37 January 2023 Income Expenditu Resliicted fvnds." .RFU . Educ•t Tot81 stricted FuTr*s UnRstiicted funds 24,290 150.000 174,290 119,941 294,231 f15.394J f69.6141 f85,008J (156,236) (241.244J 8,896 80,386 89,282 371,434 460,716 407, 729 407, 729 Total funds Restart Rugby 18
Docusign En¥elope10'. 6762416l-DE8FB-B86E-7cD69FES78CA Notes to the financial statements Year ended 31 January 2024 12 Analysis of net assets between funds Unrestricte d funds Restricted lund8 Total 2024 Current assets Current liability Total fund5 237,839 136,735 (38,465) (122,911) 199.374 13,824 374,S74 1161,376) 213,198 Unrèslrictèd Restricled funds funds Total 2023 Currenl essets Curr8nt liability Total funds 397,460 26,026) 371,434 158,896 (69, 614) 89,282 556.356 (95, 640) 460,716 13 Related partles The Rugby Players Association, which is related through one common director (until October 2023), donates the RPA Executive Team's time pro bono. During the year, wages and salaries of fundraising positions of £43,525 (2023.. £32,560) were recharged to the charity by The Rugby Players Association. At 31 January 2024, £35,000 was owed from The Rugby Playets Association (2023.. £nil). During the year no trustees made a donation to Restart Rugby (2023.. £nil). Restart Rugby 19