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← Dallaglio Rugbyworks

2025-07-31-accounts

Registered Company Number (England and Wales): 06803046 Registered Charity Number (England and Wales): 1130353 Registered Charity Number (Scotland): $C046140

DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

"RuggbyWorkorks

DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

INDEX

20-34 Notes to the financial statements

Dallaglio RugbyWorks

NOTE FROM DALLAGLIO RUGBYWORKS CHAIR, CHARLIE TAYLOR

Over the past year, the challenges facing our young people have never felt more urgent or more complex. Across the UK, school exclusions and persistent absence remain at record highs, youth mental health needs continue to grow, and too many young people are still being drawn into cycles of disadvantage and ultimately into the criminal justice system.

As His Majesty’s Chief Inspector of Prisons, | see first hand the life trajectories that begin when young people are excluded from school, unsupported, and left without opportunity. That is why the work we do at Dallaglio RugbyWorks has never been more vital.

We exist to make sure exclusion from school does not mean exclusion from society. Through the values of rugby, teamwork, respect, discipline and resilience, we provide young people with the tools to build a different future.

This year, we have worked with 1,815 young people. Of these, 925 took part in our intensive term time intervention, 680 joined our diversion from crime and employment programme delivered in the evenings, and 210 participated in our holiday activity and food programmes.

Every young person now spends at least four hours each week within RugbyWorks thanks to our refreshed curriculum combining sport, employability, wellbeing, digital skills and mentoring. We delivered 129 Career Taster Days giving young people direct access to employers. 92% said they enjoyed the experience and 85% felt more positive about their future as a result.

Our impact is clear. 86% of participants aged 18 are in education, employment or training. This is a remarkable outcome when compared with national averages for excluded young people. Behind these numbers are hundreds of individual stories of young people who now believe in themselves, see new possibilities and are taking the first steps into brighter futures.

None of this happens by accident. It is thanks to our extraordinary team of coaches, mentors, partners, trustees and supporters who bring relentless dedication, passion and creativity to this work every single day. Looking ahead, we are ambitious. Through the Youth Endowment Foundation’s rigorous randomised controlled trial, we are evidencing the impact we see every day. We are embedding data and Al into our delivery to personalise support for every young person. We are expanding our 16 plus Employment Hubs to bridge the gap between school and work. We continue to amplify youth voice through our Animated Youth programme ensuring that young people shape the services designed for them.

The coming year is one of transformation. We are deepening our work in Hounslow, pursuing new opportunities in Luton and Liverpool and piloting innovative fundraising events that will sustain and scale our mission.

| am immensely proud of what we have achieved together and excited about where we are heading. At a time when too many young people are being failed by the system, RugbyWorks is proving that things can be different, that with the right support, opportunity and belief, young people can and do succeed.

Thank you for standing with us. Your support is helping us change lives, one young person ata time.

C P K Taylor Chairperson Dallaglio RugbyWorks

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Dallaglio RugbyWorks

DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 JULY 2025

The trustees present their annual report and audited financial statements of the charity for the year ended 31 July 2025. 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) (Effective 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 crime, and secure employment opportunities.

The charity's objects (‘Objects’) are specifically restricted to the following:

Dallaglio RugbyWorks supports young people excluded from school and, too often, from wider society. We operate in Pupil Referral Units (PRUs), Alternative Provision, Exclusion Units, Young Offender Institutions and Care Homes.

We deliver a structured 36-week programme embedded into the school timetable. Using rugby as the vehicle, sessions build leadership, teamwork, resilience and problem-solving, supported by workshops on skills, employability and mental wellbeing.

Every participant has a named mentor who helps set and achieve personalised goals. Progress is captured in our “Player Profiles” app, enabling young people to evidence skills at their own pace, reflect on lived experience and communicate safely with their mentor. Beyond the school day, we run evening sessions in community venues, youth clubs, community centres and sports grounds, to sustain engagement and practise new skills. We also work in partnership with others to deliver to young people who are living in poverty. This partnership work allows us to work with a greater number of young people who are not involved in our core interventions.

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DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 JULY 2025

During holidays, we stay also connected through activity camps that we directly run that combine sport with meals and positive routines. These sessions are open to programme participants and their friends and family in the local community.

While most activities are mixed, our dedicated “Us Girls” strand creates safe, empowering spaces for young women to thrive through sport.

Achievements and Performance

During the year under review, Dallaglio RugbyWorks has invested £1,801,489 in the RugbyWorks Programme. We have worked with 4014 young people, 925 on our intensive term time intervention, 680 on our diversion from crime and employment programme run in the evenings and 210 on our holiday activity and food programmes. The remaining 2199 have engaged with us through our partnership programmes.

We do not measure our impact with the young people we engage with through partnership holiday and evening work. All our impact statistics are based on the interventions we take full responsibility for delivering. This year we have worked with 1815 young people who’s journey we have tracked and evaluated.

This year the Charity has had a clear focus on;

We continued to place a strong emphasis on enhancing the quality of delivery, setting clear expectations and standards, and increasing the amount of time each young person experiences the RugbyWorks programme.

Our refreshed curriculum now provides a clear “how to RugbyWorks” guide for staff, alongside a consistent core offer:

This structure means each young person now spends at least four hours per week within the RugbyWorks programme, increasing their chances of achieving positive outcomes.

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DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 JULY 2025

Dallaglio RugbyWorks successfully launched our programme in Hastings. Thanks to the generous support of a single philanthropist, we established a strong presence and began delivering life-changing work.

The impact has been immediate and inspiring, partnerships with local schools and community organisations have flourished, and young people in Hastings are already benefitting from new opportunities to learn, lead and belong.

Looking ahead, from September 2025 we will expand into Hounslow, with delivery fully funded by APCOA. We expect this partnership to accelerate our growth locally and we are engaging additional funders to sustain and scale the work.

We piloted 16-18 Employment Hubs to support participants who completed the 11-16 core programme but still needed help moving into work. Last year, 135 young people aged 16-18 engaged with these hubs.

Overall participation numbers are lower than last year by design. With the introduction of the YEF trial we now work more intensively with each young person, typically 3-4 hours per week compared with around 1.2—2 hours previously, prioritising depth of impact over breadth.

Because the YEF randomisation was not stratified by gender in year one, several cohorts were boys-only, resulting in fewer girls than usual. From next year, and in agreement with ICF (the evaluation partner), randomisation will be conducted separately for boys and girls to achieve a better balance.

We are proud to continue working exclusively in deprived communities. Last year, 63% 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. 16% percent of our young people self-disclosed as being in care, and 29% of our participants had an Education, Health and Care Plan. Of those who identified, 40% 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 Selfmanagement. 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:

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DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 JULY 2025

We delivered 129 Career Taster Days this year, which is a significant improvement on last year. Feedback from young people has been extremely positive. 92% said they enjoyed the experience, 84% found it useful, 94% felt they had gained a better understanding of the workplace they visited and how to access work in that industry, and 85% felt more positive about their life and career as a result.

Crucially, 86% of our young people were in education, employment or training by the age of 18. This is a remarkable outcome when compared with the national picture. Research shows that pupils suspended during secondary school are twice as likely to be out of education, employment, or training by age 24 compared to peers who were not suspended. They are also 2.1 times more likely to fail to achieve Level 3 qualifications by age 19, 1.6 times more likely to miss out on higher education by age 24, and 2.5 times more likely to receive out-of-work benefits.

Our results show that the RugbyWorks approach is making a real difference. We are ensuring that being excluded from school does not mean being excluded from society. Our young people are accessing opportunities, gaining skills and building futures that are full of potential.

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 than ever before. We have four youth amnimatorts and the team is taking on new and exciting projects.

A major focus this year was delivering the first full year of our Youth Endowment Foundation (YEF) randomised controlled trial. We successfully recruited the planned number of provisions and the required number of young people across intervention and control groups, meeting all delivery milestones.

The evaluation, led by ICF, has embedded a rigorous approach to measurement. We implemented strengthened baseline and outcome surveys (including SDQ and WEMWBS) and improved our data flows so that coaches and managers can act on insight rather than anecdote.

One challenge has been maintaining contact with young people in the control group, a key learning we will address with enhanced follow-up this year. We are now recruiting for year two and look forward to the final year of the project, confident that the trial will evidence the impact we see every day.

We continue to strengthen our financial resilience. As we enter the 2025/26 financial year, we are once again proud to have over 60% of our target income already secured, with a healthy forward pipeline.

This stability reflects deliberate choices: reducing reliance on one-off events and growing multi-year commitments from Trusts and Foundations, corporate partners and high-net-worth supporters. We will maintain this course through disciplined account management, proactive stewardship and a rolling new-business plan.

Events remain a vital part of our strategy, but their role has evolved. They are no longer just about raising income, they are platforms to showcase our impact, celebrate the achievements of our young people, and embed Dallaglio RugbyWorks within new and existing communities.

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DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 JULY 2025

Our Board-approved strategy sets a clear direction. Every event must contribute to one or more of our priorities: delivering high-quality, impact-led programmes, driving place-based growth in key regions, amplifying youth voice, building deep employer partnerships, securing multi-year and diversified funding, and strengthening a positive, trauma-informed culture.

In 2025-26 we will focus on enhancing our established events, such as the Six Nations Lunch and The Awards, while piloting new flagship opportunities. A highlight will be the launch of an innovative paddle sport fundraising event, designed to engage supporters and partners in an inclusive, highly visible challenge that strengthens relationships and opens new doors.

By aligning events tightly to our mission and growth ambitions, we ensure they deliver not just income but influence, advocacy and long-term value.

Financial review

A surplus of £18,532 was generated for the year under review (2024 surplus £18,842). The total income from donations, grants and gifts in kind was £1,747,687 (2024: £1,009,786).

Donations and grants received to fund the Rugby programme included Youth Endowment Fund £677,386, St James Place £31,147, Sport England £79,915, East Head Impact £78,728, Paul Hamlyn £50,000, Garfield Weston £20,000, Obex Dental £70,000, Avanta £25,000, BNF £125,000, Clearwater £60,000, Linklaters £15,000, NCS Trust £67,947, City Bridge Trust £24,176, Tom Attwood £100,000, John Armitage £55,000, APCAO £25,000 and Liverpool Sporting Dinner £33,000, TPT UK £35,000, The Aurum Charitable Trust £20,000 and Trayport £20,000.

The charity continued to charge schools for the RugbyWorks Programme, generating income of £96,332 (2024 £138,658).

The Charity approved payments for charitable activites totalling £1,801,491 (2024: £1,163,468).

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 Charity are suitably invested; given the intent to distribute 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.

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DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) TRUSTEES’ REPORT FOR THE YEAR ENDED 31 JULY 2025

Reserves policy

The balance of unrestricted funds at 31 July 2025 was £621,573 (2024: £569,349) and the restricted funds held for the Rugby programme at 31 July 2025 were £198,576 (2024: £232,269).

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 management, support and administration, governance and the Rugby Programme. Our free reserves at 31% July 2025 were £549,947 (2024: £483,364) and equate to 4 months of future costs.

Plans for the future

Our focus is firmly on the future. Building on the strong foundations laid through the YEF trial, we are transforming how we deliver, measure and scale our impact.

In 2025-26, we will becomea truly data-driven organisation, using insight to inform every decision and embedding Al tools to enhance delivery, personalise support for young people and improve operational efficiency. We are launching a new quality assurance framework that will set the highest standards across all programmes and ensure a consistently excellent experience wherever young people engage with RugbyWorks.

We are placing a stronger emphasis on 16+ provision, supporting young people through the transition into education, employment and training. We will also build a more connected and engaged alumni network, keeping young people involved in our community long after they complete the programme.

Internally, we are investing in staff development to strengthen our delivery and better support our neurodiverse colleagues. By equipping our team with advanced tools and inclusive practices, we are ensuring RugbyWorks remains at the forefront of youth engagement and trauma-informed support.

Finally, our place-based approach is entering an ambitious new phase. In Hounslow and Hastings we will deepen delivery and partnerships, while in Luton and Liverpool we are working with local stakeholders to secure significant funding and design intensive programmes for full launch next year.

This is a year of transformation. By combining data, technology, quality and connection, we are reshaping how we deliver impact and unlocking new opportunities for the young people we serve.

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Dallaglio RugbyWorks

DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

Reference and administrative details

Charity Number:
England and Wales 1130353
Scotland $C046140
Company Number: 06803046
Registered Office: The Barn
Kings Newton Hall
Main Street
Kings Newton
Derbyshire
DE73 8BX
Our Advisers
Auditors: Rogers Spencer
Newstead House
Pelham Road
Nottingham
NG5 1AP
Bankers: Barclays Bank
Hanover Square
London
WS11JW

Directors and Trustees

The following trustees served at the date of signing this report or during the period: Charles Taylor (Chair) (resigned 16 September 2025) Ann Silla (Senior Independent Director) Paul Bashir (resigned 10 December 2025) Andrew Cook John d’abbro Agnes Fenton Nicholas Maughan (resigned 9 June 2025) Keir Stephenson Nick Theakstone

None of the trustees has any beneficial interest in the company.

The Trustees’ Board meeting attendance and Committee membership can be found on the Charity's website.

Company secretary

J L Heldreich

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Dallaglio RugbyWorks

DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

Reference and administrative details (continued)

Key management personnel

Chief Executive Officer Zenna Hopson Chief Operating Officer Claudia Carrington King Finance Director Jo Heldreich

Structure, 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 activities.

Governance Framework

The Board of Trustees is ultimately responsible for the management and long-term success of the Charity. The Board has delegated to the Chief Executive Officer all its powers, 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 Impact and Safeguarding.

The Charity complies with the tier 3 requirements of UK Sport and Sport England’s Code for Sports Governance (the Code).

Trustee appointment and induction

Trustees are appointed through an open, transparent process overseen by the Nomination, Remuneration and HR Committee. Appointments are for an initial three-year term, renewable for up to two further three-year terms.

New trustees complete a structured induction, including meetings with the Chair, CEO, team members, participants and fellow trustees. Induction covers the Charity’s history, purpose, strategy, safeguarding and governance. Trustees receive ‘The Essential Trustee’ guidance and a DRW Information Pack, and attend a RugbyWorks delivery session. All trustees complete child protection and safeguarding training (internal) and the TES Educare Level 1 course.

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, performance, and effectiveness.

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DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

The Code recommends that the Board should have an appropriate balance of skills, experience, diversity, independence, and knowledge. The Nomination, Remuneration, and HR Committee, on behalf of the Board, evaluates Board composition with these factors in mind. To assist the Committee, skills and experience and diversity matrices are maintained and assessed, at least annually, by the Trustees.

The evaluation covers the quality of relationships and behaviours, quality and timeliness of information, and success in implementing values and promoting positive inclusive culture.

The Chair undertakes an annual appraisal of each Trustee and the CEO. An action plan is created following the evaluation process and progress is monitored by the Board.

Stakeholder engagement

The Board annually reviews its strategy for engaging with its main stakeholders being young people. The Charity has established a Youth Voice/Aminated Youth programme which offers feedback to the Charity and the Board receive updates on this, as well as regularly attending delivery sessions which enable direct engagement with young people.

Conflicts of interest

The Board maintains a Conflicts of Interest Policy which identifies the protocols for the notification and management of conflicts of interest. The trustees are required to disclose all relevant interests to the Board of Trustees and highlight where a perceived conflict of interest may occur. The Board maintains an Interests Register which is reviewed annually.

Related parties and co-operation with other organisations

All trustees give their 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 party transactions are 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 senior 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 basis. The pay of the senior staff is reviewed by the trustees annually and increased to take account of performance, average earnings and a review of pay levels in charities of a similar size.

Risk management

Governance and risk oversight are led by the Chair (Charlie Taylor) supported by the Senior Independent Director (Ann Silla) and an experienced executive team.

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DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

Key external risks include: a tougher income environment with corporates scaling back charitable event spend; a shift away from diversity and equity funding by some global corporates; and highly oversubscribed Trusts and Foundations. Internally, there remains a programme risk that the YEF trial may not evidence impact to the extent we expect — though we remain confident it will.

Mitigations include a diversified, multi-year funding model; stronger corporate account management focused on shared value partnerships; robust pipeline management; and continuous improvement of our delivery and evidence base.

Safeguarding risk is monitored through regular meetings with the lead safeguarding trustee. Operational risks, including staff turnover and succession, are mitigated by workforce planning, cross-cover and ongoing training. Reputational risks are tracked and managed through clear policies and rapid escalation routes.

Board’s activities

The Board met four times during the year and the Committees met as and when it was deemed necessary, a minimum of twice each.

The Board considered the following matters:

Trustees’ responsibilities in relation to the financial statements

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 Practice).

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DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

Company law requires the trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure of the charitable group for that year. In preparing the financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and 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 information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other[jurisdictions.]

Statements of disclosure to the auditors

In so far as the trustees are aware at the time of approving the trustees’ annual report:

Exemption

The trustees’ report has been prepared taking advantage of the exemptions available to small companies under the Companies Act 2006.

Approved by the Board of Trustees on 16th December 2025 and signed on its behalf by:

AnnDirector Silla —+A ATDirector Cook AGE

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF DALLAGLIO RUGBYWORKS

Opinion

We have audited the financial statements of Dallaglio RugbyWorks (the ‘parent charitable company’) and its subsidiary (the ‘group’) for the year ended 31 July 2025 which comprise the consolidated and parent charitable company statement of financial activities, the group and parent charitable company balance sheets, the consolidated and parent charitable company statement 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 United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevantto our audit of the financial statements in the UK, including the Financial Reporting Council’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report

Other information

The trustees are responsible for the other information. The other information comprises the information included in the report of the trustees other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

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Dallaglio RugbyWorks REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF DALLAGLIO RUGBYWORKS (CONTINUED)

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our epinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent charitable company and its environment obtained in the course of the audit, we have not identified material mis-statements in the report of the trustees,

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of trustees’ responsibilities set out in the report of the trustees, the trustees (who are also the directors of the parent charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group’s and the parent charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF DALLAGLIO RUGBYWORKS (CONTINUED)

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 44(1){c) of the Charities and Trustee Investment (Scotland) Act 2005 and under the Companies Act 2006 and report in accordance with the Acts and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: o

Based on our understanding of the Charity and the industry in which it operates, we identified that the principal laws and regulations that directly affect the financial statements to be relevant charities’ acts in the UK and Ireland. We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.

In addition the Charity is subject to many other laws and regulations where the consequences of noncompliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation.

We identified the following areas as those most likely to have such an effect:

Employment law, data protection and health and safety legislation. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence if any.

Audit procedures performed by the engagement team included:

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF DALLAGLIO RUGBYWORKS (CONTINUED)

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and to the charitable company’s trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Melvin Bailey (Senior Statutory Auditor) FCCA DChA

for and on behalf of Rogers Spencer Chartered Accountants Newstead House Pelham Road Nottingham NG5 1AP

[DATE] 23/ iZ/ 25

16

Dallaglio RugbyWorks

DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING CONSOLIDATED INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JULY 2025

Year ended Year ended (Restated)
31 July 2025 31 July 2025 Year ended Year ended
Unrestricted Restricted 31 July 2025 31 July 2024
Funds Funds Total Funds Total Funds
Notes £ £ £ £
Income
Donations 5 298,389 420,000 718,389 606,938
Charitable Activities 6 96,332 1,029,298 1,125,630 541,506
Other Trading Activities 7 250,267 - 250,267 527,110
Investment Income 8 3,935 - 3,935 4,063
Total income 648,923 1,449,298 2,098,221 1,679,617
Expenditure
Costs of raising funds 10 214,522 63,677 278,199 497,306
Charitable Activities 11 382,177 1,419,314 1,801,491 1,163,468
Total expenditure 596,699 1,482,991 2,079,690 1,660,774
Net income/ (expenditure) 52,224 (33,693) 18,531 18,842
Transfer between funds - - - -
Net movement in funds 52,224 (33,693) 18,531 18,842
Reconciliation of funds
Total funds brought forward at
1 August 2024 569,349 232,269 801,618 782,756
Total funds carried forward at
31July2025 21 621,573 198,576 820,149 801,618

All income and expenditure derives from continuing activities.

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

The notes on pages 20 to 34 form part of these accounts.

An analysis of comparative figures between restricted and unrestricted funds is given in note 28 to the financial statements.

17

Dallaglio RugbyWorks

DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE)

COMPANY NO. 06803046

CONSOLIDATED AND CHARITY BALANCE SHEETS

AS AT 31 JULY 2025

GROUP GROUP CHARITY CHARITY
2025 2024 2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible assets
Tangible assets		 16
17		 71,626
24,152		 71,471
14,514		 71,626
24,152		 71,471
14,514
Investments 18 - - 100 100
TOTAL FIXED ASSETS 95,778 85,985 95,878 86,085
CURRENT ASSETS
Debtors
Cash at bank and in hand		 19 141,455
721,673		 205,943
617,970		 141,455
721,673		 202,601
616,956
TOTAL CURRENT ASSETS 863,128 823,913 863,128 819,557
CREDITORS: amounts failing
due within one year 20 (138,757) (108,280) (138,757) (105,635)
NET CURRENTASSETS 724,371 715,633 724,371 713,922
TOTAL ASSETS LESS
CURRENT LIABILITIES 820,149 801,618 820,249 800,007
NETASSETS 820,149 801,618 820,249 800,007
FINANCED BY
Unrestricted funds 21 621,573 569,349 621,673 567,738
Restricted funds 21 198,576 232,269 198,576 232,269
TOTALCHARITYFUNDS 820,149 801,618 820,249 800,007

The trustees have prepared consolidated accounts in accordance with section 398 of the Companies Act 2006 and section 138 of the Charities Act 2011. These accounts are prepared in accordance with the special provisions of Part 15 of the Companies Act relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.

The notes on pages 20 to 34 form part of these accounts.

The charity made a surplus for the year of £20,493 (2024: Surplus £59,185) further information is disclosed in note 4 to the financial statements.

The financial statements were approved and authorised for issue by the trustees on 16" December 2025 and signed on its behalf by:

Ann Silla Director

----- Start of picture text -----
AT Cook
Director
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18

Dallaglio RugbyWorks

DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) COMPANY NO. 06803046 STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JULY 2025

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |GROUP|GROUP|CHARITY|CHARITY| |2025|2024|2025|2024| |Notes|£|£|£|£| |Cash|generated|in|operating| |activities|26|150,606|108,422|151,620|110,328| |CASH|FLOWS|FROM| |INVESTING|ACTIVITIES| |Interest|income|3,935|4,063|3,935|4,063| |Purchase|of tangible|fixed| |assets|(50,838)|(21,661)|(50,838)|(21,661)| |Fixed|assets|scrapped|-|-|-|-| |CASH|USED|IN|INVESTING| |ACTIVITIES|(46,903)|(17,598)|(46,903)|(17,598)| |Increase|in|cash|and|cash| |equivalents|in|year|103,703|90,824|104,717|92,730| |Cash|and|cash|equivalents|at| |the|beginning|of the|year|617,970|527,146|616,956|524,226| |TOTAL|CASH|AND|CASH| |EQUIVALENTS|AT THE|END|—|—|ee|—| |OF THE|YEAR|721,673|617,970|721,673|616,956|

----- End of picture text -----

19

DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

1. ACCOUNTING POLICIES

The financial statements incorporate the results of the principal activity which is described in the Trustees’ Report, and which is continuing. The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:-

a) Basis of preparation and going concern

The financial statements have been prepared in accordance with the Companies Act 2006, the Statement of Recommended Practice Accounting and Reporting by Charities (SORP) (Effective 1 January 2019) and FRS102 The Financial Reporting Standard applicable in the UK and Ireland.

Dallaglio RugbyWorks meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

The financial statements have been prepared on a going concern basis. The trustees have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment and, given the measures that could be undertaken to mitigate risk, the trustees have concluded that they can continue to adopt the going concern basis in preparing the annual report and financial statements.

b) Consolidated financial statements

The statement of financial activities (SOFA) and balance sheet consolidate the financial statements of the charity and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis.

A separate SOFA for the charity has not been presented because the company has taken advantage of the exemption afforded by section 408 of the Companies Act 2006.

c) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

dt)

Income recognition policies

All income is included in the Statement of Financial Activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

20

DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

1. ACCOUNTING POLICIES (continued)

e) Donated services and gifts in kind

Donated services are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of the economic benefit from the use by the charity is probable and that economic benefit can be measured reliably. On receipt, donated services and gifts in kind are recognised on the basis of the value of the gift to the charity, which is the amount the charity would have been willing to pay to obtain the services of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

f) Resources expended Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure on events includes any VAT that cannot be reclaimed. The VAT that cannot be reclaimed on administration expenses is included in the total expenses cost.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activity and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

All costs are allocated between expenditure categories of the consolidated statement of financial activities on a basis to reflect the use of the resource. Costs relating to a particular activity are allocated directly. Management, support, administration and governance costs, where not directly attributed to an event or charitable activity are allocated in proportion to the income generated.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and accountancy costs linked to the strategic management of the charity.

g) Tangible Fixed assets

- Intangible Fixed Assets:

Intangible fixed assets are initially measured at historic cost and subsequently carried at cost less accumulated amortisation and any accumulated impairment losses.

At the reporting date, the charity assesses whether there is any indication that an asset may be impaired. An impairment loss is recognised if the recoverable amount of an asset is less than its carrying amount.

Amortisation is provided at rates calculated to write down the cost of each asset to its residual value (realistic value at the end of its economic life) on a systematic basis over its useful economic life.

The amortisation rates in use on a straight line basis are as follows:

Computer software

- Tangible Fixed Assets:

Individual fixed assets are capitalised at cost.

Depreciation is provided at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life as follows:

Computer equipment - 33%% and 25% straight line basis Office furniture - 20% straight line basis Mobile phones - 50% straight line basis

h) Foreign currencies

Transactions denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Assets and liabilities denominated in foreign currencies are translated into sterling at the exchange rates ruling at the balance sheet date. All exchange differences are taken to the income and expenditure account.

21

DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

i) Financial Instruments

The Charity only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and trade creditors and other creditors.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

Debtors:

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents:

Cash and cash equivalents are represented by cashin hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors:

Basic financial liabilities, including trade and other creditors, 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. Such instruments are subsequently carried at amortised cost using the effective interest method.

Interest income: Interest income is recognised in income and expenditure using the effective interest method.

j) Government Grants Government grants are recognised on the accruals basis and included in other income. k) Operating Leases Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to income and expenditure on a straight-line basis over the period of the lease.

1) Employee Benefits The charity contributes to a defined contribution plan for the benefit of its employees. Contributions are recognised in income and expenditure as they become payable.

  1. 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.

  1. Legal status of the charity The charity is a company limited by guarantee. The members of the company are the trustees named on page 7. The liability of the members on the dissolution or winding up of the company is limited to the sum of £10. 22

DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

4, Financial performance of the charity

The consolidated statement of financial activities includes the results of the charity's wholly owned subsidiary which is used for non-primary purpose trading activities and running sporting events.

The summary financial performance of the charity alone is:

Year ended Year ended
31 July 2025 31 July 2024
£ £
Income 2,098,317 1,670,218
Expenditure
Costs of raising funds (278,199) (451,238)
Charitable activities (1,799,625) (1,131,795)
Provision for loss on loan to subsidiary (251) (28,000)
Net surplus 20,242 59,185
Total funds brought
forward at 1 August 2024 800,007 740,822
Total funds carried
forward at 31 July 2025 820,249 800,007
Represented by:
Restricted income funds 198,576 232,269
Unrestricted income funds 621,673 567,738
TOTALFUNDS 820,249 800,007

5. Donations

5.
Donations
(Restated)
Year ended Year ended Year ended Year ended
31 July 2025
Unrestricted
£		 31 July 2025
Restricted
£		 31 July 2025
Total
£		 31 July 2024
Total
£
Corporate grants and donations 10,216 295,000 305,216 380,086
Charity and other donations 82,285 - 82,285 33,926
Donations and Gifts in kind 205,888 125,000 330,888 192,926
298,389 420,000 718,389 606,938

The classification of income for the prior year has been restated in order to reallocate grant funding received towards charitable activities to note 6 from charity and other donations in note 5.

23

DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

6. Charitable activities (Income)

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |(Restated)| |Year|ended|Year|ended| |31|July|2025|31|July|2024| |Unrestricted|Unrestricted| |£|£| |RugbyWorks|fee|for|services|provided|96,332|138,658| |Charity|and|other|donations|1,029,298|402,848| |1,125,630|541,506|

----- End of picture text -----

The classification of income for the prior year has been restated in order to reallocate grant funding received towards charitable activities to note 6 from charity and other donations in note 5

7. Other trading activities

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |Year|ended| |Year|ended|Year|ended|Year|ended|31|July|2024| |31|July|2025|31|July|2025|31|July|2025|Unrestricted| |Unrestricted|Restricted|Total|Total| |£|£|£|£| |Activities|for|generating|funds:| |8|Rocks|2023|.|-|-|(31,650)| |Dallaglio|Cycle|Slam|-|-|-|378,630| |Other|Events|250,267|-|250,267|180,130| |250,267|-|250,267|527,110|

----- End of picture text -----

Activities for generating funds:

Other events income includes £106,440 raised at our annual Six Nations Lunch.

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |8.|Investment|Income|Year|ended|Year|ended| |31|July|2025|31|July|2024| |£|£| |Bank|and|other|interest|receivable|3,935|4,063| |3,935|4,063|

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24

DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

9. Other Voluntary Income

In addition to the above supplies, the charity would like to thank the following generous sponsors for the donations in kind and services provided where it has not been possible to quantify the value received:

10. Expenditure: Cost of raising funds

----- Start of picture text -----
Year ended Year ended Year ended Year ended
31 July 2025 9931 July 2025 31 July 2025 31 July 2024
Unrestricted Restricted Total Total
£ £ £ £
Fund raising activity costs:
8Rocks event hosting costs - - - (2,971)
Dallaglio Cycle Slam - - - 244,978
Other Events 141,965 - 141,965 116,342
Admin and support costs (note 12) 55,239 - 55,239 64,437
Governance costs (note 12) 4,208 - 4,208 4,636
Total fund raising costs 201,412 - 201,412 427,422
Costs of generating
voluntary income:
Administration and support
costs (note 12) 12,182 59,169 71,351 65,195
Governance costs (note 12) 928 4,508 5,436 4,689
Total costs of raising
voluntary income 13,110 63,677 76,787 69,884
Total costs of
raising funds 214,522 63,677 278,199 497,306
----- End of picture text -----

Other event costs includes £49,979 of costs incurred in delivering our annual Six Nations Lunch.

25

DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

10. Expenditure: Cost of raising funds (continued)

Allevents run by Dallaglio RugbyWorks are cost neutral as we charge fees to ensure we cover the costs. However, this means that our cost of raising funds appears high. 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 young people and fulfilling our charitable objectives.

41. Expenditure: Charitable activities

Year ended Year ended Year ended Year ended
31 July 2025 31 July 2025 31 July 2025 31 July 2024
Unrestricted
£		 Restricted
£		 Total
£		 Total
£
Charitable activities:
RugbyWorks 382,177 1,106,600 1,488,777 884,661
Administration and support
costs (see note 12) - 290,576 290,576 260,094
Governance costs
(see note 12) - 22,138 22,138 18,713
Totalcharitableactivities 382,177 1,419,314 1,801,491 1,163,468

26

DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

12. Analysis of governance, administration and support costs

The charity identifies the costs of its administration and support costs. ft then identifies the costs which relate to the governance function. The governance costs and the costs of administration and support are apportioned between the three activities. These are the costs of fundraising, the costs of generating voluntary income (restricted and unrestricted) and the rugby.

Costs of Costs of
Fund generating Fund generating
raising voluntary raising voluntary Rugby
costs income costs income Programme 31 July2025 31 July2024
Unrestricted Unrestricted Restricted Restricted Restricted Total Total
£ £ £ £ £ £ £
Administration and support
Managementand administration 55,239 12,182 - 59,169 165,597 292,187 288,223
Finance and professional fees - - - - 47,991 47,991 24,273
Bank and finance charges - - - - 2,397 2,907 2,497
Insurance, office rentand staffexpenses = - - . 63,090 63,090 62,830
Website, computerand marketing . - 7 . 11,540 11,540 11,902
Total administration andsupport 55,239 12,182 - 59,169 290,575 417,165 389,725
Governance costs
Accountancy fees - 2,648 584 - 2,837 13,931 20,000 20,000
Audit 1,560 344 - 1,671 8,207 11,782 8,040
Totalgovernancecosts 4,208 928 - 4,508 22,138 31,782 28,040

Total Administration and Support costs in 2023-24 of £389,725 included £37,665 unrestricted expenditure and £352,060 restricted expenditure.

Total governance costs in 2023-24 of £28,040 included £2,710 unrestricted expenditure and £25,330 restricted expenditure.

27

DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

13. Trustees’ and Key Management Personnel Remuneration and Expenses

The total amount of employment benefits received by key management personnel during the year was £239,196 (2024: £287,535). The charity considers it’s key management personnel comprise the Senior Management Team.

None of the trustees received any remuneration during the current or prior period in their capacity as Trustee. Trustees’ expenses reimbursed for travel costs were Enil (2024: Enil).

  1. Employees

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Year|ended|Year|ended| |31|July|2025|31|July|2024| |Total|Total| |Staff|costs|consist|of:|£|£| |Wages|and|salaries|1,324,956|842,560| |Social|security|costs|121,501|64,898| |Pension|costs|24,626|12,356| |1,471,083|919,814| |Allocation:| |Costs|of management|and|administration|224,532|229,360| |Charitable|activities|-|RugbyWorks|1,246,551|690,454| |1,471,083|919,814|

----- End of picture text -----

The above costs include ex gratia payments of £7,000 made to 1 employee as part of their termnination settlement.

The average number of employees, excluding trustees, during the period was:

----- Start of picture text -----
|||||| |---|---|---|---|---| |Number|Number| |2025|2024| |Fund-raising|and|administration|4|4| |Charitable|activities|36|18| |40|22|

----- End of picture text -----

There were 7 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 year to 31 July 2025 fell within the following bands was:

----- Start of picture text -----
|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |Number|Number| |2025|2024| |£90,000|-|£100,000|1|1| |1|employee|had|emoluments|over £60,000|in|the|year|to|31|July|2025|(2024:1).|

----- End of picture text -----

28

DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

15.
Net income/expenditure for the year
Year to Year to
31 July 31 July
2025 2024
£ £
This is stated after charging:-
Depreciation 8,325 4,799
Amortisation 32,720 23,946
Auditors’ remuneration 11,782 8,040
16.
Intangible assets
Computer
Software Total
Group and charity: £ £
Cost:
1 August 2024
Additions		 132,437
32,875		 132,437
32,875
31 July 2025 165,312 165,312
Amortisation:
1 August 2024 60,966 60,966
Provision for year 32,720 32,720
31 July 2025 93,686 93,686
Net book values:
31 July 2025 71,626 71,626
31 July 2024 71,471 71,471
17.
Tangible assets
Computers,
mobiles and
office equipment Total
Group and charity: £ £
Cost:
1 August 2024 44,449 44,449
Additions 17,963 17,963
31 July 2025 62,412 62,412
Depreciation:
1 August 2024 29,935 29,935
Provision for year 8,325 8,325
31 July 2025 38,260 38,260
Net book values:
31 July 2025 24,152 24,152
31July2024 14,514 14,514

29

DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

FOR THE YEAR ENDED 31 JULY 2025
18.
Fixed		 asset investments 2025 2024
£ £
Group - -
Charity 100 100

The investment held by the charity is the £100 (2024: £100) investment in the subsidiary company at cost (see note 25).

19. Debtors Group Group Charity Charity
31 July 31 July 2024 31 July 2025 31 July 2024
2025
£ £ £ £
Auction and event income 30,965 136,322 30,965 136,227
Other debtors - 7,148 - 3,901
Prepayments and accrued income 110,490 62,473 110,490 62,473
Donations and gift aid . - - -
141,455 205,943 141,455 202,601
20. Creditors : amounts falling due within one year
Group Group Charity Charity
31 July 2025 31 July 2024 31 July 2025 31 July2024
£ £ £ £
Trade creditors 20,841 25,221 20,841 23,177
Othertaxes and social security
Accruals and deferred income		 34,717
78,485		 18,850
55,004		 34,717
78,485		 18,850
54,403
Other creditors 4,714 9,205 4,714 9,205
138,757 108,280 138,757 105,635

Included within creditors is £50,131 (charity £50,131) of deferred income relating to grants and event income received in advance. The movement can be analysed as follows:

Group Group Charity Charity
31 July 2025 31 July 2024 31 July 2025 31 July 2024
£ £ £ £
Balance b/fwd 30,022 31,972 30,022 27,072
Additions in the year
Released in the year		 162,575
(142,466)		 310,958
(312,908)		 162,575
(142,466)		 305,958
(303,008)
Balancec/fwd 50,131 30,022 50,131 30,022

30

DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

21. Analysis of charitable funds

At 31 July Incoming Outgoing At 31 July
2024 resources resources Transfer 2025
£ £ £ £ £
Current Financial Year:
Restricted funds
Rugby Programme 232,269 1,449,298 (1,482,991) - 198,576
Total restricted funds 232,269 1,449,298 (1,865,168) - 198,576
Unrestricted funds 569,349 648,923 (596,699) - 621,573
801,618 2,098,221 (2,079,690) - 820,149

Purpose of restricted funds

Rugby Programme

During 2024-25, restricted income of £1,449,298 was received from various funders towards our Rugby Programme, of which £198,576 remains unspent as at 31 July 2025.

A transfer of £382,177 was made from the unrestricted fund to the restricted fund during 2024-25 to cover the shortfall of funds needed to cover our Rugby Programme.

At 31 July Incoming Outgoing At 31 July
2023
£		 resources
£		 resources
£		 Transfer
£		 2024
£
Prior Financial Year:
Restricted funds
Dallaglio Cycle Slam - - (291,810) 291,810 -
Rugby Programme 118,518 747,762 = (1,215,218) 581,207 232,269
Total restricted funds 118,518 747,762 (1,507,028) 873,017 232,269
Unrestricted funds 664,257 931,855 (153,746) (873,017) 569,349
782,775 1,679,617 (1,660,774) - 801,618

31

DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

22. Analysis of group net assets between funds

31 July 2025 31 July 2025 31 July 2025 31 July 2024
Unrestricted
£		 Restricted
£		 Total
£		 Total
£
Group
Fund balances at 31 July 2025
are represented by
Fixed assets		 : 95,778 - 95,778 85,985
Net current assets 525,795 198,576 724,371 715,633
Net assets 621,573 198,576 820,149 801,618
Charity
Fund balances at 31 July 2025
are represented by
Fixed assets		 : 95,778 - 95,778 85,985
Investments 100 - 100 100
Net current assets 525,795 198,576 724,371 713,922
Netassets 621,673 198,576 820,249 800,007

23. Taxation

The charity is not liable to taxation upon its income by reason of the exemption under Section 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

During the year, Dallaglio 8, a company in which L B N Dallaglio was a director, received £6,600 for the appearances of L B N Dallaglio at RugbyWorks events. In addition, L B N Dallaglio donated his services for other appearances at RugbyWorks events and donated signed rugby shirts. A fair valuation of these services cannot be measured reliably and cannot be resold. There are no balances outstanding from transactions at 31 July 2025 (2024: £ nil).

During the year, Sporting 8 Limited, a company in which the CEO of the charity, Zenna Hopson, is a director, operated events in order to raise funds for the charity. A balance of £nil was due from Sporting 8 Limited as at 31 July 2025 (2024: £3,904)

All trustees give their time freely and no trustees’ remuneration or expenses (other than disclosed in note 13) was paid in the year for time given in capacity as a Trustee. From time to time, Trustees will purchase tickets to fundraising events or make donations.

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DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

25. Subsidiary company

The charity owns the whole of the issued share capital of Dallaglio Events Limited, a company registered in England, company number: 08690671. The subsidiary is used for non-primary purpose trading activities. A summary of the results of the subsidiary is shown below.

Total Total
2025 2024
£ £
Turnover (95) 9,400
Cost ofsales - (48,482)
Gross Profit / (loss) (95) (39,082)
Administrative expenses (1,866) (29,261)
Interest Receiveable - -
Add provision for release of loan - 28,000
Net (Deficit) foryear (1,961) (40,343)
The aggregate of the assets, liabilities and funds was:
Total Total
2025 2024
£ £
Assets - 4,354
Liabilities (251) (2,644)
Net (liabilities) (251) 1,710
Capital and Reserves
Called up share capital 100 100
Profit and loss account (351) 1,610
(251) 1,710

The aggregate of the assets, liabilities and funds was:

Dallaglio Events Limited has taken advantage of the exemption from audit under section 479A of the Companies Act 2006 relating to subsidiary companies for the period ended 31 July 2025.

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

Group Charity
2025 2024 2025 2024
£ £ £ £
Net movement in funds 18,531 18,842 20,242 59,184
Add back depreciation charge 41,046 28,745 41,046 28,745
Fixed assets written off - - - -
Deduct interest shown in
investing activities (3,935) (4,063) (3,935) (4,063)
Decrease in debtors 64,487 103,199 61,145 59,277
Increase/(decrease) in creditors 30,477 (38,301) 33,122 (32,817)
Net cash generated from
operatingactivities 150,606 108,422 151,620 110,326

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DALLAGLIO RUGBYWORKS (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

27. Obligations under rental agreements

Dallaglio RugbyWorks has a commitment under an office rental agreement at 31 July 2025 of £4,536 (2024: £4,536).

28. Analysis of restricted and unrestricted funds for prior year

(Restated) (Restated) (Restated)
Yearended Yearended 31 Year ended 31
31 July 2024 July 2024 July 2024
Unrestricted Restricted Total
Funds Funds Funds
£ £ £
income
Donations
Charitable Activities		 262,024
138,658		 344,914
402,848		 606,938
541,506
Other Trading Activities 527,110 - 527,110
Investment income 4,063 - 4,063
Other income - - -
Total income 931,855 747,762 1,679,617
Expenditure
Costs of raising funds 153,746 343,560 497,306
Charitable Activities 873,017 290,451 1,163,468
Total expenditure 1,026,763 634,011 1,660,774
Net income/ (expenditure) (94,908) 113,751 18,843
Transfer between funds - - -
Net movement in funds (94,908) 113,751 18,843
Reconciliation of funds
Total funds brought forward at
1 August 2023 664,257 118,518 782,775
Total funds carried forward at
31July2024 569,349 232,269 801,618

Expenditure on charitable activites has been restated for the year ended 31 July 2024 in order to directly allocate unrestricted expenditure against this line, rather than showing it as a transfer between funds.

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