Registered Company Number (England and Wales): 06803046 Registered Charity Number (England and Wales): 1130353 Registered Charity Number (Scotland): SC046140 DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Dalla81io Rugbyworks DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 INDEX Chair's report Trustees, report 12 - 15 Report of the independent auditors 16 Consolidated and Charity Statement of Financlal Activities 17 Consolidated and Charity Balance Sheet 18 Consolidated and Charity Statement of Cash Flows 19 - 33 Notes to the financial statements Dalla81io Rugbyworks NOTE FROM DALLAGLIO RUGBYWORKS CHAIR. CHARLIE TAYLOR As I reflect on the past year, l am struck by the growing challenges faced by young people across the UK. Mental health issues have nearly doubled since 2017, with one in five young people aged 8 to 16 now struggling. In deprived communrties. onty half of boys and fewer girls meel daily aclivity guidelines. contributing to a widening physical and menlal health gap. Added to this. exclusions and absences from school have soared. with 32 million days lost to suspensions last year-double pre-pandemic figures. The impact is stark: only 5% of young people in allemative provision achieve a standard pass in English and Maths. and by age 21. 50 /0 of exduded young people have no onward destination. often entering cycles of crime and missed opportunities. Al Dallaglio Rugbyworks, we are detemiined to break this cycle. Through rugbvs values of teamwork, respect, discipline. and fair play. we provide young people with the resilience, confidence, and skills to build brighter fijtures. Our work focuses on those most at risk, from pupll referral units and altemativ8 provision schools to youth secure estates. In these safe spaces, young people galn the life skills need8d to succeed in education, employment, or tralnlng. Over the past year, we have worked with 2,388 young people: 1,938 during term time and evenings. and 450 in school holidays. Our programmes spanned 22 pupil referral units. 17 mainstream schools. 3 SEN schools, 11 youth clubs, 5 rugby Clubs, and 27 community settings. We also worked in 3 custodial establishments, a care home, and ran 17 glrls-onty cohorts. Of those we worked WFth, 100/0 were k)oked- after children, 34 /0 had an EHCP, and 67% were on free school meals. Securlng funding from the Youth Endowment Fund was a milestone, enabling us to reach even more young people at a critical time. This support strengthens our abilty to expand into areas of highest need. such as London. where 320/0 of children live in povety, and the Northeast. which has low levels school attendan￿ and high exclusion rates. l am immensely proud of the dedication of our teanHoaches. partners. volunteers, board members and supporters410 have made this progress possible. Together, we have created life-changing opportunities for young people, as highlighted in this report's inspiring stories. Your ongolng support remains vital to our mission, and l am deeply graleful for your commitment to changing lives. This Annual Rep)rt reflects another significant year of progress. Thank you for stsndlng with us as we empower young peopl8 to overcome adversity and unlock their potential. C P K Taylor Chalrper$on Dallagllo Rugbyworks Dalla81io Rugbyworks DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) TRUSTEES, REPORT FOR THE YEAR ENDED 31 JULY 2024 The Irustees present their annual report and audited financial statements of Ihe charlty for the year ended 31 July 2024. This meets the requirements for a directors. report and accounts for Companies Act purposes. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's Articles. the Charities Act 2011, the Companies Act 2006. the Statement of Recommended Practice Accounting and Reporting by Charities (SORP) (Effeclive 1 January 2019) and FRS102 The Financial Reporting Standard applicable in the UK and Ireland. Objectives and activities The charity's main mission is to use rugby as a powerful tool to engage young people who have been excluded from school and society. helping them tackle life's challenges, avoid falling into crlme, and secure employmenl opportunities. The charity's objects ('Objecls') are specifically restricted to the following: A) To act as a resource for young people by providing advice and assistsnce and organising programmes of physical, educational and other activities as a means of., a. advancing in life and helping young people by developing their skills, capacities and capabilities to enable them to participate in society as Independent, mature and responsible individuals. b. advancing education, relieving unemployment, d. providing recreational and leisure time activity In the Interests of social welfare for people living in the area of benefit who have need by reason of their youth, ag8. infirmity or disabllSty, povety or so¢lal and economic circumstances with a view to improving the conditions of Ilfe of such persons B) To advance any other such exclusively charitable purposes for the public benefit according to the law of England Wales as the trustees shall decide Dallaglio Rugbyworks works with young people who have been excluded from school and society, operating within Pupil Referral Units (PRUS), Alternative Provision settings, Exclusion Units, Young Offender Institutions. and Care Homes. The charity delivers a robust 36-week programme integrated into the school curriculum, using rugby to teach essential lrfe skills such as leadership, teamwork, resilience, and problem-solving. These sessions are enriched by workshops that focus on skill developmenl, employment readiness, and mentsl wellbeing. In addition to group activities. each young person has an individual mentor who helps Ihem set and achieve personalised goals. Progress is tracked through a bespoke app called 'Player Profiles,. which allows young people to work at their own pace. They can use the app to evidence the skills they've developed. leveraging their lived experiences to show Iheir achievements. The app also facilitstes safe communication with their mentors. Alongside the daytime programme, the charity runs evening sessions that continue sklll development in local community venues such as youth clubs, community centres, and sports grounds. Dalla81io Rugbyworks DALLAGLIO RUGBYWORKS {LIMITED BY GUARANTEE) TRUSTEES, REPORT FOR THE YEAR ENDED 31 JULY 2024 During the holidays, Dallagllo Rugbyworks stays engaged with young people through holiday camps that blend fun with sport and provide meals. These holiday and evening sessions are open to all young people involved in our programmes, as well as their friends and family mernbers within the local communities. While most of our activities are mixed-gender, Dallaglio Rugbyworks also runs a dedicated programme called °Us Girls," which focuses exclusively on empowering young women through sport. Achievements and Performance During the year under review, Dallaglio Rugbyworks has invested £1,163,468 in the Rugbyworks Programme. This year the Charity has had a clear focus on. Delivering the Rugbyworks programme more intensively Delivering the Rugbyworks Programme in a new geography Delivering the Programme in New settings Delivering new things We placed a strong emphasis on enhancing the quality of delivery. setting clear expectstions and standards. 2nd increasing the amount of time each young person experiences the Rugbyworks programme. The Charity has secured funds to start work in Hastings which is a new geography, this work was funded by the generous donation of one philanthropist. We will be starting delivery in the area in October 2024 For the first time, we also delivered the Rugbyworks programme in a children's home through a contract with a private operator. This experience has been invaluable in helping our staff develop new skills. Additionally, we piloted 16-18 employment hubs, offering evening sessions to participants who had completed the core 11-16 programme but still needed support in securing employment. This year, Rugbyworks supported 2,388 young people. Our core 36-week programme reached 1.295 young people. while 643 attended our evening sessions. and 450 participated in our holiday programmes. Historically. Rugbyworks has predominantly worked with young men, but since introducing the "Us Girls. programme last year. w8 hav8 S88n a r8al shift in the gend8r balance of our participants: M8le - 58Q/o Female - 41 /0 Intersex - Less than 1 / Transgend8r- Less than 1 % Prefer not to say - Less than 10/0 Dalla81io Rugbyworks DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE TRUSTEES, REPORT FOR THE YEAR ENDED 31 JULY 2024 We are proud to continue working exclusively in deprived communities. Last year, 640/ts of our participants were registered for free school meals. though this figure underestimates the true level of poverty, as many low-income families are excluded from these benefits. 11 % percent of our young people self-disclosed as being in care, and 31 V/0 of our participants had an Education, Health and Care Plan. Of those who identified, 310/0 came from Black or Minority Ethnic backgrounds. Rugbyworks is centred around five key skills that are vital for young people to succeed in the workplace of the future: Communication. Teamwork. Problem-solving, Self-belief, and Self- management. In addition to these, we provide Digital Skills training, CV and Employability Workshops, and Career Taster Days. which give young people real-world exposure to careers and employers. preparing them for further education. employment. or training. The impact of our work has been significant: 95 % of young people said they enjoyed the Rugbyworks sessions and found them valuable. 80°/o reported feeling more resilient and having improved self-esteem. 85 % showed an improvement in physical fitness, with over 160 joining local sports clubs. In our 3-7pm delivery, which offers an alternative to crime-prone evening hours, 100 /0 of partlclpants stated they enjoyed attending our sessions more than what they usually did during the evenings. 900/0 of the girls in the 'Us Girls" cohort said they 8njoyed the sessions, which focus on building confidence. self-esteem, and empowering them to reach their full potential. Perhaps most significantly, 98°/0 of young people enjoyed the Career Taster Days, and 85 % left with a greater understanding of their career options. The national average for young people in sustained education, employment, or training is 86 /0, (with only half of young people who have been excluded from school securing employment) but 92 /0 of our young people were in education, employment. or training by the age of 18. This speaks directly to our mission.. ensuring that young people excluded from school are not excluded from society and have the same opportunities as their peers. The new management structure IntrodU￿d in the previous year has settled in remarkably well, bringing real benefits to both the young people we support and the overall efficiency of the organisation. Our ongoing commitment to ensuring the charity is guided by. and responsive to, the needs of young people remains central to our mission. This focus is exemplified by the continued success of our youth empowerment programme. Animated Youth. which has gone from strength to strength. Thanks to generous funding from the Paul Hamlyn Trust. the programme has gained significant credibility and direction, empowering young voices more effectively Ihan ever before. One of the most significant milestones of the past year has been securing crucial funding and support from the Youth Endowment Foundation {YEF). They have awarded us a substantial grant of £1.511.580 to deliver the Rugbyworks programme to 500 young people. However. this investment goes far beyond just delivery- it represents a comprehensive evaluation using a rigorous randomised control trial methodology. To conduct this trial. we will recruit 1.000 young people.. 500 will benefit from the Rugbyworks programme, while the other 500 will form a control group. This approach will provide invaluable insights into the effectiveness of our work in reducing crime and interrupting the all-too-familiar pathway from PRU to prison. Recruitment of provlsions to take part in the YEF trial is currently underway, with full-scale delivery scheduled to begln In November. This evaluation not only marks a new chapter in how we assess the impact of Rugbyworks but also provides the opportunity to refine and strengthen our delivery in meaningful ways. Dalla81io Rugbyworks DALLAGLIO RUGBYWORKS ILIMITED BY GUARANTEE) TRUSTEES, REPORT FOR THE YEAR ENDED 31 JULY 2024 The YEF has appointed ICF, a specialist evaluator. to work alongside Dallaglio Rugbyworks in running this trial. Since receiving the grant in June, we have worked together to map out the impact points, design the evaluation, and develop baseline and outcome surveys. These assessments will utilise the Strengths and Difficulties Questionnaire and the Warwick-Edinburgh Mental Well-being Scale, ensuring we measure both emotional and behavioural progress in the young people we support. Slnce 2021, the charity has been on a transformativejourney towards securing a more stable financial foundatlon. At the beginning of the 2021 financial year, Dallaglio Rugbyworks had less than 20 % of its funding secured for the year. Now, as we enter the 202415 financial year, we are proud to have over 60 % of our funding already secured, with healthy forecasts for future years. This success is largely due to our strategic decision to reduce reliance on event-based funding and instead focus on securing multiyear funding. We've successfully achieved this shift, with substantial support from Trusts and Foundations, high-net-worth individuals. and corporate partners. A comprehensive action plan is in place to ensure this approach continues lo bear fruit. Although we have shifted focus. events will still play a role in our fundraising strategy. However, the emphasis of th8s8 events has evolved-they are now designed to not only m88t income targets but also to elevat8 the profile of th8 charity, celebrate the incredible work w8 do, and give our young people a platform to share their storie5. These events also play a crilical role in helping us embed ourselves in new communities and expand our reach. Financial reviaw The Charity is dependent upon income generated by its events. In the year under review, the charity undertook one major event, Cycle Slam, which took place in April 2024 and generated £133,652 net of direct expenses. There was a surplus of £99,687 (2023 £284,643) on events after the deduction of associated administration costs. The trustees consider a key performance indicator to be the amount that can be given to its own charitable projects as a result of the events. They are pleased with the performace of the charity in the year under review. The total income from donations, grants and gifts in kind was £1,009,787 (2023: £671,049). this includes gifts in kind totalling £nil (2023: £nil>. Donations and grants recelved to fund the Rugby programme included Youth Endowment Fund £54,826, St James Place £30,734, Sport England £13,235. East Head Impact £75.700. Clothworkers £50,000, Piton Trust £20,000, Garfield Weston £20,000, Hospitality Finder £60,000. Obex Dental £70,000, Avanta £25,000, Masonic Foundation £19.704.Harrison Street £15,000, BNF £125,000, Clearwater £60,000, Llnklaters £15,000, NCS Trust £119,331, City Bridge Trust £5,985 and National Football League £13,333. The charlty contlnued to charge schools for the Rugbyworks Programme, generating income of £138,658 (2023 £86,390). The Charity approved payments for charitable activiles tolalling £1,163,468 (2023: £1,022,162). A surplus of £18.842 was generated for the year under review (2023 Deficit £26.215).The trustees have continued financial management policies that safeguard the assets of the Charity and require approval by the Board of Trustees prior to making any donation or other significant expenditure. The policies also require the trustees to consider whether the funds of the Charily are suitably invested., given the intent to distribule these funds in the short term the trustees do not consider it relevant to have a full investment policy at this time but will monitor the situation and set up an appropriate policy at such time as it becomes necessary. Daiia81io Rugbyworks DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) TRUSTEES. REPORT FOR THE YEAR ENDED 31 JULY 2024 Reserves policy The balance of unrestricted ￿ndS at 31 July 2024 was £569,349 (2023: £664.257) and the restricted funds held for the Rugby programme at 31 July 2024 were £232,267 (2023: £118,518}. The reserves policy has been reviewed and free reserves are to be held to cover approximately four to six months of the costs of the managemenl, support and administration, governance and the Rugby st Programme. Our free reserves at 31 July 2024 were £483,364 {2023: £571.189) and equate to 4.5 months of future costs and are therefore in line with our policy. Plans for the future The focus for the year ahead will be to ensure Ihat we deliver the YEF trial effectively and well. the trial is for two years, so we have flexibility to learn and develop this year. We have recruited new staff to help deliver the programme and monitor its effectiveness. Receiving this funding gave us the Impetus to revise our Curriculum, and to consolidate our schemes of work ad our resource library, golng forward the team will be using these. We have also introduced a revised curriculum. which remains grounded in our asset-based, trauma- Informed approach. This new structure formalisos many of our processes and provides a clear 'how to Rugbyworks. guide for our passionate staff. Our offer to young people ensures Ihey have access to: At least one sports activity (usually Rugby based) every week. Six employability wothshops Six digital skills workshops Three wellb&ing workshops Minimum of 9 AQA accredited training inputs. Level 1, 2 or 3 Sports Leaders Qualification available as an addilional training inpul for commltted groups. Four career taster days (CTDS), meeting directly at the employers place of work and undertaking activities whilst getting to know the work place. Goal selting on Player profiles a digital skills app that helps young people relate their experience to skills employers need. One hour of mentoring every 3 weeks with a named coach. After schoollevening youth activity session every week. Inlroduction to local Sorts and Youth clubs This structure means each young person will now spend at least four hours a week within the Rugbyworks programme, increasing their chances of achieving positive outcomes. This year, we are placing even more emphasis on employability. We've created a new role focused on securing employment taster opportunilies. creating a clear pathway from participant to 8mployee. and securing apprenticeships. We are proud to have appoinled Dan Ley to this role, as he brings personal experience of exclusion and is an oulstanding ambassador for our work. Thanks to funding from East Head Impact. we piloted 16-18 employment programmes last year. and we will now embed these sessions, aiming to help nine young people secure employm8nt direclty through our work. We are also continuing to develop our Place-B8sed approach. ensuring we are truly embedded In the communities we serve. As many of the young people we work with have to travel long distances to attend PRUS, we are committed to understanding where they liv8 and tailoring our delivery to meet their local needs, particularly through evening and holiday activities. Going forward. we will place even greater emphasis on this approach, ensuring that through Animated Youth, we are adaptable to local needs and responsive to the young people we support. Dalla81io Rugbyworks DALLAGLIO RUGBYWORKS {LIMITED BY GUARANTEE) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 Referonce and administrative d•tails Charity Number: England and Wales Scotland 1130353 SC046140 Company Number: 06803046 Registered Office: The Barn Kings Newton Hall Main st￿et Kings Newton Derbyshire DE73 8BX Our Advisers Auditors: Rogers Spencer Newstead House Pelham Road Nottingham NG5 1AP Bankers: Barclays Bank Hanover Square London WS1 1JW Dlrectors and Trustees The following trustees served at the date of signing Ihis report or during the period: Charles Taylor (Chair) Ann Silla (Senior Independent Director) Paul Bashir Andrew Cook John d'abbro Agnes Fenton Nicholas Maughan Ann Silla Keir Stephenson Nick Theakstone Lawrence Dallaglio {resigned 12 February 2024) lan McAulay (resigned 23 December 2023) Jacqueline Stevenson (resigned 3 October 2023) Diane Watson (resigned 14 June 2024) John Zafar (resigned 14 June 2024) None of the truslees has any beneficial interest in the company. The Trustees, Board meeting attendance and Committee membership can be found on the Charity's website. Company se¢rotary J L Heldreich Dalla81io Rugbyworks DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 Raference and adminlstratlve details (continued) Key management personnel Chief Executive Officer Chief Operating Officer Impact and Partnerships Director Finance Direclor Zenna Hopson Claudia Carrington King Jenny Oklikah Jo Heldreich Slructurei governance and management Constitution Dallaglio Rugbyworks (Limited by Guarantee. number 06803046) is a registered charity, number 1130353, and was constituted by a memorandum and articles of association dated 27 January 2009. The Articles were amended by written resolution on 22 September 2015. The charity was entered In the Scottish Charity Register on 16 November 2015 and has charitable status under the Charities and Trustee Investment (Scotland) Act 2005. The Charity owns the whole of the issued share capital of Dallaglio Events Limited, a company registered in England. The subsidiary is used for non-primary purpose trading activilies. Governance Framework The Board of Trustees is ultimately responsible for the management and long-term success of the Charty. The Board has delegated to the Chlel Executive Officer all Its pow8rs. authorities, and discretions excluding the matters set out in the Matters Reserved for the Board and Terms of Reference of the Board Committees, which can be found on the Charity's website. The Board had established three Committees: Nomination, Remuneration, and HR; Audit and Finance; and Programme and Impact. The Charity complies with the ti6r 3 requlrements of UK Sport and Sport England's Code for Sports Governance (the Code). Trustee appointment and Inductlon The trustees a￿ appointed through an open and transparent application process. overseen by the Nomination. Remuneration and HR Committee. Trustees are appointed for an initial three-year tem) and can be re-appointed for an additional two three-year terms. On appointment. new trustees have an induction consisting of a series of meetings with the CEO, Chair, Lawrence Dallaglio, and other Trustees which covers topics such as the history of the Charity, the purpose of the Charity and its strategic objectives. safeguarding and strategic objectives and an introduction to the team that manages the Charity on a day to day basis. New trustees are also supplied with a copy of the Charity Commission's guidance 'The Essential Trustee. and a Dallaglio Rugbyworks Information Pack. They also attend a Rugbyworks delivery programme. Board effectiveness The effectiveness of the Board is vital to the success of the Charity. The Board undertakes an annual evaluation of its own skills. perfomiance, and effectiveness. Dalla81io Rugbyworks DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 The Code recommends that the Board should have an appropriate balance of skills. experience, diversity, Independence. and knowledge. The Nomination. Remuneratlon, and HR Committee, on behalf of the Board, evaluates Board composition with these factors in mind. To assist the Committee, skllls and experience and diversity matrices are maintained and assessed, at least annually, by the Trustees. The evaluation covers Ihe quality of relationships and behaviours, quality and timeliness of infomiation. and Suc￿sS in implementing values and promoting posltive inclusive culture. The Chair undertakes an annual appraisal of each Trustee and the CEO. An action plan is created followlng the evaluation process and progress is monitored by the Board. Stakehold8r 8ngag6ment The Board annualty reviews Its strategy for engaging with its main stakeholders being young people. The Charity has established a Youth VoicelAminaled Youth programme which offers feedback to the Charity and the Board recelve updates on this, as well as regularly attending delivery sessions which enable direct engagement wlth young people. Conflicts of Interest The Board maintains a Conflicts of Interest Policy which Identifies the protocols for the notification and management of confllcts of interest. The trustees are required to disclose all relevant interests to the Board of Trustees and highlight where a percelved conflict of interest may occur. The Board maintsins an Interests Register which is reviewed annually. Relat•d parties and co-operation wlth other organisatlons All trustees give thelr time freely and no trustees. remuneration was paid in the year for time given in capacity as a Trustee. Details of trustee expenses and related paty transactlons ar8 disclosed in notes 13 and 24 to the accounts. All transactions with related parties are undertaken with the full knowledge and consent of the trustees, and at arm's length prices. Pay policy for senlor staff The trustees, who are also the directors of the company, have appointed the senior management team as the key management personnel of the charity in charge of directing and controlling. running and operating the Charity on a day to day basls. The pay of the senior staff Is reviewed by the trustees annually and Increased to take account of performance, average earnings and a reviaw of pay levels in charities of a slmilar size. Risk management The trustees have a ehair. Charlie Taylor, who is supported by the Senior Independent Director (Ann Silla) to oversee the govemance and risk managemenl of the charity, support6d by a team of experienced staff. The trustees have considered the major risks to which the charty is exposed and have established systems and procedur&s to monitor and manage those risks. Dalla81io Rugbyworks DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 Two years ago, the trustees identrfied that the risk of high profile, high cost events could leave the charity exposed. Slnce that time, the charity has moved to a funding model more reliant on Trusts and Foundations, Corporates, High Net Worths,Third Party Events and Individual Giving. During 2023-24, these funding streams make up 760A of our income with a view to increasing this to 84°k in Ihe 2Q24-25 financlal year. The charity has regular s8feguarding meetings wlth the lead Trustee for safeguarding to assis in mi*'gating risk In this area. Operational staff turnover rgpresents a risk whlch the executive team manage of behalf of the Board. An effective succession plan is in place and staff have clear oversight of each others work. We conlinue to monitor all reputational risks. Board's actlvities The Board met four times during the year and the Committees met as and wher) it was deemed necessary, a minimum of twice each. The Board considered the following matters: the forward strategy., progress against the 24124 business plan; the 24125 business plan; the budget; the Annual Report and Accounts". Board changes including the appointment of the Chair and Senior Indopendent Director and the retirement of several Trustees; • change to the size of the Board,. amendments to Committee Terms of Reference. the dlssolution of Dallaglio Events Limlted. compliance with the Code for Sports Governance; review of the Charlty's principal risks; performance of the CEO. and Board effectiveness. Trustees, responslbllltles In relation to th• financlal stalements The trustees (who are also the directors of Dallaglio Rugbyworks for the purposes of company law) are responsible for preparing a trustees, annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practlce). Company law requlres the trustees to prepare financlal statements for each year which giv8 a true and fair view of the state of affairs of the charitable company and the group and of th8 incoming resources and application of r8sources, including the Income and expenditure of the charitable group for that year. In preparing the financial statements, the trustees are required to: 10 Dalla81io Rugbyworks DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP,. make judgements and accounting estimates that are reasonable and prudent", state whether applic8bl8 UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements,, prepare the flnancial statements on the golng concern basis unless It is inappropriate to presume that the charitable company wlll continue in business. The trustees are responsible for keeping proper accounting records that dlsclose with reasonable accuracy at any tlme the financial position of the charity and enable them to ensure that the financlal statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate financial infomiation included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financlal statements may differ from legislation in otherjurisdlctions. ststements of dlsclosure to tho audltors b) d) In so far as the trustees are aware at the time of approving the trustees, annual report: there is no relevant information, baing information ne6d8d by the audltor in connection with preparing their report, of which the group's audilor is unaware, and the trustees, having made enquiries offellow directors and the group's auditor that they ought to have individually taken, have each taken all steps that helshe is obliged to take as a director In order to make themselves aware of any relevant audit information and to establish that the auditor is aware of that informatlon. Exemption The trustees, report has b8en prepared taking advantage of the axemptions available to small companies under the Companies Act 2006. Approved by the Board of Trustees on 31st January 2025 and slgned on its behalf by.. C P K Taylor Dlr•¢tor ATCook Director Dalla8110 Rugbyworks REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF DALLAGLIO RUGBYWORKS Opinlon We have audited the financial statements of Dallaglio Rugbyworks (the 'parent charitable company.) and its subsidiary (the 'group') for the year ended 31 July 2024 which compris8 the consolidated and parent charitable company statement of financial activities, Ihe group and parent charitable company balance sheets, the consolidated and parent charitable company statem8nt of cash flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and Unlted Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (Unlted Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: giv8 a true and fair view of the state of thè group's and of the parent charitable company's affairs as at 31 July 2024 and of the group's incoming resources and application of resources, including Its income and expenditure, for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accountlng Practic6. and have been prepared In accordance with the requirements of the Companies Act 2006. and the relevant Scottlsh legislation. Basis for oplnlon We conducted our audit in accordance with International Standards on Auditing {UK) (2,971) (2.971) 244.978 116,342 64.437 4.636 313.105 244.978 116.342 20.748 1.493 68,666 48,163 3,382 43,689 3,143 Total fund ralslng costs 135.612 291,810 427,422 £ 433,315 Costs of generatlng voluntary income: Administration and support costs (note 12) Governance costs (note 12) 16.917 1,217 48,278 3,472 65,195 4,689 44,886 3.152 Total costs of raising voluntary Income 18,134 51,750 69,884 £ 48,037 Total costs of raising funds 153,746 343,560 497,308 £ 481,352 24 DALLAGLIO RUGBYWORKS {LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 10. Exponditure: Cost of raising funds {¢ontinued) All events run by Dallaglio Rugbyworks are cost neutral as we charge fees to ensure we coverthe costs. However, thls means that our cost of raising funds appears hlgh. It Is important to note that no donated income is used to fund events and it is therefore true that for every pound donated 90% goes directly to working with you ng people a nd fulfilling our charitable objective5. 11. Exp•nditure: Charltable actlvltlos Year endèd 31 July 2024 Unrestricted Year ended 31 July 2024 Restricted Y•ar ended 31 July 2024 Total Year ended 31 July 2023 Total Charltable activities: Rugbyworks Administration and support costs (see note 12> Goveinance costs (see note 12) 884.661 884,661 699.842 260,094 260.094 301,173 18,713 18.713 21,147 Total charltable actlvltl•s 1,163,468 1.163,468 1,022.162 25 T* g) Tt r£$ aj m f) 0 0> (9 0 ¢D TI DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 13. Trustees, and Key Managemont Personnel Remuneration and Exponses The total amount of employment benefits received by key managernent personnel during the year was £287,535 <2023: £236,336). The charity considers it's key management personnel comprise the Senior Management Team. None of the trustees received any remuneration durlng the curTent or prior perlod in their capacity as Trustee. Trustees, expenses reimbursed for travel costs were £nil (2023: £nil). 14. Employees Year ended Year ended 31 July 2024 31 July 2023 Total Total Staff costs consist of". Wages and salaries Social security costs Pension costs 842.560 64.898 12,356 667.351 52,176 10,242 919,814 729,769 Allocation: Costs of management and administration Charitable activities - Rugbyworks 229,360 890.454 256.544 473,225 919.814 729,769 The above costs include ex gratia payments of £6,501 made to 2 employees as part of their termnination settlement. The average number of employees, excluding trustees. during the period was.. Numbor 2024 Numbar 2023 Fund-raising and administration Charitable activities 18 15 There were 24 employees on zero hours contracts that are not included within these numbers. The number of employees whose emoluments (salaries. wages and benefits in kind) for the ye8r to 31 July 2024 fell within the following bands was: Number 2024 Number 2023 £ 90.000 - £100.000 1 employee had emoluments over £60,000 in the year to 31 July 2024 {2023:1)- 27 DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 15. Net Incomelexponditure for the year Year to 31 July 2024 Year to 31 July 2023 This is stated after charglng:_ Depreciation Amorlisation Auditors, ￿muneratIon 4,799 23,946 8,040 3,818 23.066 7,680 16. Intangible assets Computer Software Group and charlty: Cost: 1 August 2023 Additions Total 116,522 15,915 116.522 15,915 31 July 2024 132,437 132,437 Amortisation: 1 August 2023 Provision for year 37,020 23,946 37,020 23,946 31 July 2024 60,966 60.966 Net book values: 31 July 2024 71,471 71,471 31 July 2023 79,502 79,502 17. Tangible assets Comput•rs, mobiles and office ¢quipm•nt Total Group and charity: Cost: 1 August 2023 Additions 38,703 5.746 38.703 5.746 31 July 2024 44.449 44.449 Depreciation: 1 August 2023 Provision for year 25,136 4,799 25,136 4,799 31 July 2024 29.935 29,935 Net book values: 31 July 2024 14.514 14,514 31 July 2023 13.567 13,567 28 DALLAGLIO RUGBYWORKS {LIMITED BY GUARANTEE} NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 18. Fixed asset investments 2024 2023 Group The investment held by the charity is the £100 {2023: £100) investment in the subsidiary company at cost (see note 25). 19. Debtors Group Group Charity Charity 31 July 2024 31 July 2023 31 July 2024 31 July 2023 Auction and event income Other debtors Prepayments and accrued income Donations and gift aid 136,322 7,148 124.324 84,626 136,227 3,901 121.829 40,342 62,473 20,816 62,473 20,333 79,375 79,375 205,943 309,141 202,601 261,879 20. Creditors . amounts falling due wlthln on6 year Group Group Charlty Charity 31 July 2024 31 July 2023 31 July 2024 31 July 2023 Trade creditors Other taxes and social security Accruals and deferred income Other creditors 25,221 18,850 55,004 9,205 30,922 17,837 93,357 4,465 23,177 18,850 54,403 9,205 28,243 17,837 87,907 4,465 108,280 146,581 105,635 138,452 Included within creditors is £30,022 (charity £30.022) of def8rred income relating to grants and event income received in advance. The movement can be analysed as follows.. Group Group Charity Charlty 31 July 2024 31 July 2023 31 July 2024 31 July 2023 Balance bl￿d Additions in the year Released in the year 31,972 310,958 {312,908} 27,072 305,958 (303,008) 187,463 (155,491 } 182.563 {155,491) Balance clfwd 30,022 31.972 30,022 27,072 29 DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 21. Analysis of charitabl• funds At 31 July Incomlng 2023 resources Outgoing resources At 31 July 2024 Transfer Current Financial Year: Restricted funds Dallaglio Cycle Slam Rugby Programme (291.810) (1,215.218) 291,810 581,207 118,518 747.762 232,269 Total restricted fu nds 118,518 747.762 (1,507,028) 873,017 232,269 Unrestrlcl•d funds 664,257 931,855 (153,746) (873,017) 569,349 782,775 1.679,617 (1,660,774) 801,618 Purposa of restricted funds Dallaglio Cyclo Slam The Dallaglio Cycle Slam is a bi-annual group cycling event that took place in April 2024, to raise funds for the Dallaglio Rugbyworks programme. Rugby Programme During 2023-24, restricted income of £747,762 was received from various funders towards our Rugby Programme, of which £232,269 remains unspent as at 31 July 2024. A transfer of £873,017 was made from the unrestricted fund to the restricted fund during 2023-24 to cover the shortfall of funds needed to cover our Rugby Programme. At 31 July Incoming 2022 resources Outgoing resources At 31 July 2023 Transfer Prior Flnancial Year: Restricted funds Dallaglio Cycle Slam Rugby Programme 31,389 448,374 (1,054,259) 693,013 118,518 Total restricted fu nds 31.389 448,374 (1,054,259) 693,013 118,518 Unrestricted funds 777,601 1,028,924 (449,255) (893,013} 664.257 808,990 1,477,298 (1,503.513) 782,775 30 DALLAGLIO RUGBYWORKS {LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 22. Analysis of group n8t assets betwoen funds 31 July 2024 31 July 2024 31 July 2024 31 July 2023 Unrestricted Restricted Total Total Group Fund balances at 31 July 2024 are represented by Fixed assets Net current assets 85,985 483.364 85,985 715,633 93,069 689.706 232.269 Net assets 569,349 232,269 £ 801,618 £ 782,775 Charity Fund balances at 31 July 2024 are represented by . Fixed assets Investments Net current assets 85,985 100 481,653 85.985 100 713,922 93,069 100 647,653 232,269 Net assets 567.738 232,269 £ 800,007 £ 740,822 23. Taxatlon The charity is not liable to taxation upon its income by reason of the exemption under Sectlon 505 of the Income and Corporation Taxes Act 1988 or Section 252 of the Taxation of Chargeable Gains Act 1992. to the extent that these are applied to its charitable activities. 24. Related party transactions L B N Dallaglio. a trustee who served during the year (resigning in February 2024). donated his seniices for appearances, speeches, books. signed rugby shirts and events. A fair valuation of these services cannot be measured reliably and cannot be resold. There are no balances outstanding from transactions at 31 July 2024 (2023: £ nil). All trustees give their tlme freely and no trustees, remunèration or expanses (other than disclosed in note 13) was paid In the year for time giv8n in capacity as a Trustee. From time to time, Truslees will purchase tlckets to fundraising events or make donations. During the year, Sporting 8 Limited, a company in which the CEO of the charity, Zenna Hopson. is director, operated Dallaglio Cycle Slam in order to raise funds for the charity. A balance of £3.904 was due from Sporting 8 Limited as at 31 July 2024. 31 DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 25. Subsldlary company The charity owns the whole of the issued share capltal of Dallaglio Events Limited. a company registered in England, company number: 08690671. The subsidiary is used for non-primary purpose trading actlvities. A summary of the results of the subsidiary is shown below. Total 2024 Total 2023 Turnover Cost of sales 9,400 (48,482) {134,642) Gross Profit l (loss) Administrative expenses Interest Receiveable Add provision for release of loan {39,082) {29.261) {134.642} <43.934) 28,000 144,478 Net (Deficit) for yoar (40,343) (34,097} The aggregate of the assets. liabilities and funds was: Total 2024 Tolal 2023 Assets Liabilikn'es 4,354 (2.644) 50,182 (8.129) N•t (liabilitios) 1.710 42,053 Capltal and Reserves Called up share capital Profit and loss account 100 1,610 100 41,953 1,710 42,053 Dallaglio Events Limited has taken advantage of the exemption from audit under sectSon 479A of the Companles Act 2006 relating to subsidiary Companies for tha period ended 31 July 2024. 26. Reconclllation of not movement in funds to net cash flow from operating a¢tivitles Group Charity 2024 2023 2024 2023 Net movement in funds Add back depreci8tion charge Fixed assets written off Deduct interest shown in investing activities Decreasel(incre8s8) in debtors Increasel(decrease) in creditors 18.842 28,745 {26,215) 26,883 59,184 28,745 7,878 26,883 {4,063) 103,199 (38,301) (1,897) (248,587) 91,508 (4,063) 59,277 {32,817} (1,897) (209.684) 90,243 Net cash used In operatlng actlvltles 108,422 {158,309) 110,326 {86.577) 32 DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE} NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024 27. Obligations under rental agr•em•nts Dallagllo Events Limit8d has a commitment under an offlce rental agreement at 31 July 2024 of £4,536 (2023: £4,536). 28. Analysls of restrlcted and unrestricted funds for prfor year Y•ar ended Year ended 31 31 July 2023 July 2023 Year ended 31 Unrestricted Restricted July 2023 Funds Funds Total Funds Income Donations Charilable Activities other Trading Activities Investment Income other income 222.675 86.390 717.962 1,897 448.374 671,049 86.390 717,962 1,897 Total Income 1.028,924 448,374 1,477,298 Expenditure Costs of raising funds Charitable Activities 449,255 32,097 1.022,162 481.352 1,022.162 Total oxpanditure 449,255 1.054,259 1.503.513 Net incomel (expenditure) 579,669 (605,884) (26,215) Transfer between funds (693,013) 693,013 Net movement in funds (113,344) 87,129 {26,215) Reconciliation of funds Totsl funds brought forward at 1 August 2022 777.601 31,389 808,991 Total fund$ carrled forward al 31 July 2023 664.257 118,518 782.776 33