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← Hull FC Rugby Community Sports & Education Foundation

2024-11-30-accounts

Charity Registration No. 1118258

Company Registration No. 05826791 (England and Wales)

HULL FC RUGBY COMMUNITY SPORTS & EDUCATION FOUNDATION

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

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72 Lairgate
Beverley
East Yorkshire
United Kingdom
HU17 8EU
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HULL FC RUGBY COMMUNITY SPORTS & EDUCATION FOUNDATION

CONTENTS

Page
Company informaton 1
Trustees' report 2 - 6
Independent examiner's report 7
Statement of fnancial actvites 8
Balance sheet 9 - 10
Notes to the fnancial statements 11 - 22

HULL FC RUGBY COMMUNITY SPORTS & EDUCATION FOUNDATION

COMPANY INFORMATION

Trustees A F Pearson K Yeaman S Thirkill (Appointed 2 January 2025) Charity number 1118258 Company number 05826791 Registered office MKM Stadium Anlaby Road Hull East Yorkshire United Kingdom HU3 6JU Independent examiner TC Group 72 Lairgate Beverley East Yorkshire United Kingdom HU17 8EU

HULL FC RUGBY COMMUNITY SPORTS & EDUCATION FOUNDATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 30 NOVEMBER 2024

The Trustees present their annual report and financial statements for the year ended 30 November 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016)

Objectives and activities

Hull FC Community Foundation is the independent charitable arm of rugby league club Hull FC. Established in 2006, the Foundation uses the power of sport and strong local influence of the professional side to make the biggest difference possible in the community through the delivery of needs led projects targeting four agendas: Sport and Physical Activity, Education and Skills, Health and Wellbeing, and Community Engagement. All projects are underpinned by our values of Challenge, Compassion, Determination, Honesty, and Respect.

We use the power of sport to enhance communities, empowering skilled, experienced staff with the resource to positivity impact almost 13,000 people each year, the vast majority of whom live in communities within the top 20% for deprivation and face daily challenges with socio-economic inequalities. Our mission is to improve the health and wellbeing of children, young people and adults by increasing participation in sports and physical activity and to raise the aspirations and skills of young people and adults through our learning and training programmes.

We have a successful track record of collaborating with specialist service partners including Schools, Hull City Council, NHS Hull Health and Care Partnership, and Humber Violence Prevention Partnership on innovative projects that use sport as a catalyst for tackling widening health, social, and education inequalities impacting residents. Care experienced young people, young offenders, those out of education, veterans, and older people facing challenge with loneliness and social isolation are just some of those accessing personalised, bespoke provision from either the stadium or accessible community hubs each week.

Every project we deliver is informed by participant-voice and has a purpose to provide support, improve knowledge, and promote positive, healthy aspirations. From trustee to volunteer, embedding lived experience at the heart of our organisation has been a key contributor to the success of delivered interventions within the recent pandemic and cost-of-living crisis. We are proud of the young people who support our ‘Youth Voice’ and leadership academy programmes and enjoyed working with them to shape our activities ensuring they are underpinned by their needs, ideas, and personal experiences.

Our Mission

To use the power, inspiration, and values of Hull FC to make a positive, sustainable difference in the local community through:

Our Goal

To engage, educate and inspire the local community to bring about positive change and new opportunities for all through the power of sport.

HULL FC RUGBY COMMUNITY SPORTS & EDUCATION FOUNDATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2024

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

Achievement and Performance

Activity Work during 2023/24

Between October 2023 and November 2024, Hull FC Community Foundation was able to support over 12,000 people across Kingston-Upon-Hull, East Riding of Yorkshire & Lincolnshire through the following intervetions:

Health & Wellbeing

Education & Skills

HULL FC RUGBY COMMUNITY SPORTS & EDUCATION FOUNDATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2024

Community Engagement

Sport and Physical Activity

Our Impact

During the 2023/24 delivery period, 12,893 residents participated in Foundation-led activities. Consistent with previous years, financial support from various funding organisations facilitated the implementation of new, targeted, high-impact programmes aimed at individuals most vulnerable to adverse life outcomes. These activities were integrated with our core interventions and helped attain the following:

HULL FC RUGBY COMMUNITY SPORTS & EDUCATION FOUNDATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2024

Financial review

Principal funding sources

The Principle Funding Sources for the Foundation are Hull City Council, Armed forces covenant, main grants and various other grant making bodies.

Investment policy and objectives

The charity ensures a small amount is held in reserves whilst the majority of funds are spent in the short term.

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will beable to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised.

The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Future Plans

With a refreshed operational plan in place, 2025 promises to be an exciting year for the Foundation as it focuses on exceeding its outcome and output targets within existing provision, launching a new fundraising programme to grow unrestricted funds, and scaling the work of its resident ‘voice’ groups to inform the development of new interventions responding to community need. Whilst some funding streams will reach their natural conclusion, the Foundation has successfully scaled its collaborations with Humber Learning Consortium (community education), Humber Violence Prevention Partnerships (youth diversionary), and Armed Forces Covenant Fund (forces wellbeing) and looks forward to launching a range of new projects that will significantly scale its social impact.

HULL FC RUGBY COMMUNITY SPORTS & EDUCATION FOUNDATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2024

Structure, governance and management

The charity is a company limited by guarantee, incorporated on 24th May 2006 (company number 5826791) and registered as a charity on 7th March 2007 (registered number 1118258). The company was established under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Articles of Association. The object of the charity is to promote community participation in rugby league and to use the power of sport to improve education and well-being in people of all ages.

The Governing Document was amended to demonstrate the broader nature of the charity's delivery range in May 2013.

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

N A Hansford (Resigned 4 November 2024)
A F Pearson
O Romanyshyn (Resigned 31 December 2024)
K Yeaman
S Thirkill (Appointed 2 January 2025)

New Trustees are selected and appointed from the local and regional area. All appointments are made with the interest of supporting the Foundation to develop key activities.

The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).

Hull FC Rugby Community Sports and Education Foundation has four Trustees who aim to meet regularly and are responsible for the strategic direction and policy of the charity. The Trustees represent different sectors and bring to the charity a wealth of knowledge that support the charity to meet its objectives.

The charity is run on a daily basis by James Price, Head of Community Foundation who leads on all key strategic and development issues and is responsible for reporting directly to the Trustees quarterly on all charity related matters.

All new Trustees received a formal induction programme to enable them to build knowledge and become familiar with the work of the charity. In addition, the charity has worked closely with the RFL governing body to support Trustee training to further support their roles and the wider governance arrangement.

The Trustees' report was approved by the Board of Trustees.

A F Pearson

Trustee Dated: 14 August 2025

HULL FC RUGBY COMMUNITY SPORTS & EDUCATION FOUNDATION

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF HULL FC RUGBY COMMUNITY SPORTS & EDUCATION FOUNDATION

I report to the Trustees on my examination of the financial statements of Hull FC Rugby Community Sports & Education Foundation (the charity) for the year ended 30 November 2024.

Responsibilities and basis of report

As the Trustees of the charity (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 (the 2006 Act).

Having satisfied myself that the financial statements 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 financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable 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 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 that in any material respect:

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 financial statements to be reached.

C S Brown FCA

72 Lairgate Beverley East Yorkshire HU17 8EU United Kingdom

Dated: 15 August 2025

HULL FC RUGBY COMMUNITY SPORTS & EDUCATION FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 NOVEMBER 2024

Unrestricted
funds
2024
Notes
£
Income from:
Donatons and legacies
3
8,895
Charitable actvites
4
114,664
Total income
123,559
Expenditure on:
Charitable actvites
5
179,194
Total expenditure
179,194
Net income/(expenditure) and
movement in funds
(55,635)
Reconciliaton of funds:
Fund balances at 1 December
2023
215,795
Fund balances at 30 November
2024
160,160		 Restricted
funds
2024
£
857,592
-
857,592
844,138
844,138
13,454
2,975
16,429		 Total
Unrestricted
funds
2024
2023
£
£
866,487
17,425
114,664
77,343
981,151
94,768
1,023,332
76,968
1,023,332
76,968
(42,181)
17,800
218,770
197,995
176,589
215,795		 Restricted
funds
2023
£
610,480
-
610,480
612,173
612,173
(1,693)
4,668
2,975		 Total
2023
£
627,905
77,343
705,248
689,141
689,141
16,107
202,663
218,770

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

HULL FC RUGBY COMMUNITY SPORTS & EDUCATION FOUNDATION

BALANCE SHEET

AS AT 30 NOVEMBER 2024

Notes
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within one
year
12
Net current assets
Total assets less current liabilites
Creditors: amounts falling due afer more
than one year
13
Net assets
The funds of the charity
Restricted income funds
15
Unrestricted funds
16		 2024
£
£
19,402
130,301
317,240
447,541
(63,347)
384,194
403,596
(227,007)
176,589
16,429
160,160
176,589		 2023
£
148,613
131,236
279,849
(59,745)		 £
28,911
220,104
249,015
(30,245)
218,770
2,975
215,795
218,770

HULL FC RUGBY COMMUNITY SPORTS & EDUCATION FOUNDATION

BALANCE SHEET (CONTINUED)

AS AT 30 NOVEMBER 2024

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 November 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the Trustees on 14 August 2025

A F Pearson

Trustee

Company registration number 05826791 (England and Wales)

HULL FC RUGBY COMMUNITY SPORTS & EDUCATION FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

1 Accounting policies

Charity information

Hull FC Rugby Community Sports & Education Foundation is a private company limited by guarantee incorporated in England and Wales. The registered office is MKM Stadium, Anlaby Road, Hull, East Yorkshire, HU3 6JU, United Kingdom.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

HULL FC RUGBY COMMUNITY SPORTS & EDUCATION FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2024

1 Accounting policies

(Continued)

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.5 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, andthe 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 are allocated on the portion of the asset’s use.

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required insettlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements 10% on cost
Plant and equipment 20% on cost
Computers 20% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

HULL FC RUGBY COMMUNITY SPORTS & EDUCATION FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2024

1 Accounting policies

(Continued)

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

HULL FC RUGBY COMMUNITY SPORTS & EDUCATION FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2024

1 Accounting policies

(Continued)

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2024
2024
£
£
Grants
-
857,592
Membership fees
8,895
-
8,895
857,592		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
857,592
-
610,480
8,895
17,425
-
866,487
17,425
610,480		 Total
2023
£
610,480
17,425
627,905

4 Income from charitable activities

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Funded programmes 114,664 77,343

HULL FC RUGBY COMMUNITY SPORTS & EDUCATION FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2024

5 Expenditure on charitable activities

Direct costs
Staf costs
Depreciaton and impairment
Facility costs
Insurance
Facility utlites
Training and frst aid
Programme delivery costs
Repairs
Facility management costs
Bank charges
Travel
Service level agreement
Analysis by fund
Unrestricted funds
Restricted funds
6
Net movement in funds
The net movement in funds is stated afer charging/(creditng):
Depreciaton of owned tangible fxed assets		 2024
£
682,664
9,509
115,537
859
33,574
4,226
59,650
11,032
7,754
17,427
600
80,500
1,023,332
179,194
844,138
1,023,332
2024
£
9,509		 2023
£
451,129
9,957
101,462
10,000
62,658
2,143
30,548
4,356
8,090
8,174
624
-
689,141
76,968
612,173
689,141
2023
£
9,957

7 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

HULL FC RUGBY COMMUNITY SPORTS & EDUCATION FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2024

8 Employees

The average monthly number of employees during the year was:

Management
Delivery
Total
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2024
Number
1
22
23
2024
£
640,786
34,176
7,702
682,664		 2023
Number
1
14
15
2023
£
422,520
24,260
4,349
451,129

There were no employees whose annual remuneration was more than £60,000.

Remuneration of key management personnel

The remuneration of key management personnel was as follows:

9 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

HULL FC RUGBY COMMUNITY SPORTS & EDUCATION FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2024

10
Tangible fxed assets
Leasehold
improvements
Plant and
equipment
£
£
Cost
At 1 December 2023
20,313
25,204
At 30 November 2024
20,313
25,204
Depreciaton and impairment
At 1 December 2023
15,210
13,521
Depreciaton charged in the year
754
3,866
At 30 November 2024
15,964
17,387
Carrying amount
At 30 November 2024
4,349
7,817
At 30 November 2023
5,103
11,683
11
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
12
Creditors: amounts falling due within one year
Notes
Bank loans
Other taxaton and social security
Trade creditors
Other creditors
Accruals and deferred income		 Computers
£
34,484
34,484
22,359
4,889
27,248
7,236
12,125
2024
£
8,597
121,704
130,301
2024
£
34,516
7,230
19,604
1,546
451
63,347		 Total
£
80,001
80,001
51,090
9,509
60,599
19,402
28,911
2023
£
49,017
99,596
148,613
2023
£
6,794
7,627
21,159
1,406
22,759
59,745

HULL FC RUGBY COMMUNITY SPORTS & EDUCATION FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2024

13 Creditors: amounts falling due after more than one year

13
Creditors: amounts falling due afer more than one year
Notes
Bank loans
14
Retrement beneft schemes
Defned contributon schemes
Charge to proft or loss in respect of defned contributon schemes		 2024
£
227,007
2024
£
7,702		 2023
£
30,245
2023
£
4,349

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

15 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 December Incoming Resources At 30
2023 resources expended November
2024
£ £ £ £
Rugby League Development 2,975 61,352 (47,898) 16,429
Health and Wellbeing - 210,265 (210,265) -
Community Engagement - 197,072 (197,072) -
Educaton - 272,741 (272,741) -
Inclusion - 116,162 (116,162) -
2,975 857,592 (844,138) 16,429

HULL FC RUGBY COMMUNITY SPORTS & EDUCATION FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2024

15 Restricted funds (Contnued)
Previous year: At 1 December Incoming Resources At 30
2022 resources expended November
2023
£ £ £ £
Rugby League Development 4,668 13,000 (14,693) 2,975
Health and Wellbeing - 145,618 (145,618) -
Community Engagement - 222,073 (222,073) -
Educaton - 131,600 (131,600) -
Inclusion - 98,189 (98,189) -
4,668 610,480 612,173 2,975

Rugby League Development

Funding received from the RFL, linked to the Foundation’s development plan, enables the Foundation to use the power of sport to inspire people of all ages to become more activity and to increase levels of physical activity and participation in sport. Funding has continued to support the Foundation to deliver programmes including Learning Disability Rugby League, Physical Disability Rugby League, Wheelchair Rugby League and Touch Rugby.

Health and Wellbeing

Programmes promote a better understanding of physical and mental health issues, and support and tackle health inequality. Funds from Hull Health Care Partnership, Hull City Council and National Lottery Community Fund enable the Foundation to tackle the growing trend of inactivity by providing opportunities for people to reduce their risk of physical and mental health related illnesses. All programmes contribute to a healthier community by providing and delivering programmes which are designed to promote and facilitate healthy living.

Community Engagement

Programmes provide the local community access to a breadth of safe and innovative delivery programmes that are creative and impactful. Funds received from Reaching Communities, Hull City Council and Humber Violence Prevention Partnership enable the Foundation to respond to the needs of our communities, especially those in the most deprived areas.

HULL FC RUGBY COMMUNITY SPORTS & EDUCATION FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2024

15 Restricted funds

(Continued)

Education and Employability

Funding has been secured from small and large charities (Humber Learning Consortium, Henry Smith Charity) to provide learning environments to inspire people and develop skills for life. Programmes have worked with local employers to provide expertise, work-based learning, mentoring and employment opportunities to young people and adults.

Inclusion

The Foundation has received funding from National Lottery Heritage Fund, Veterans Foundation and Armed Forces Covenant Trust Fund to deliver high opportunities for all people of all ages and backgrounds. Programmes supported people to gain good quality vocational and technical qualifications, whilst also provide opportunities for the development social skills and healthy lifestyles.

16 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 December Incoming Resources At 30
2023 resources expended November
2024
£ £ £ £
General funds 215,795 123,559 (179,194) 160,160
Previous year: At 1 December Incoming Resources At 30
2022 resources expended November
2023
£ £ £ £
General funds 197,995 94,768 (76,968) 215,795

HULL FC RUGBY COMMUNITY SPORTS & EDUCATION FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2024

17 Analysis of net assets between funds

Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 30 November 2024:
Tangible assets 19,402 - 19,402
Current assets/(liabilites) 367,765 16,429 384,194
Long term liabilites (227,007) - (227,007)
160,160 16,429 176,589
Unrestricted Restricted Total
funds funds
2023 2023 2023
£ £ £
At 30 November 2023:
Tangible assets 28,911 - 28,911
Current assets/(liabilites) 217,129 2,975 220,104
Long term liabilites (30,245) - (30,245)
215,795 2,975 218,770

18 Related party transactions

Transactions with related parties

During the year the charity entered into the following transactions with related parties:

Services received
2024 2023
£ £
Hull Super League Limited 125,000 -

HULL FC RUGBY COMMUNITY SPORTS & EDUCATION FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2024

18 Related party transactions

(Continued)

The following amounts were outstanding at the reporting end date:

Amounts owed by related Amounts owed by related
partes partes
2024 2023
Balance Net Balance Net
£ £ £ £
Hull Super League Limited 50,000 50,000 - -
50,000 50,000 - -