OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-04-30-accounts

REGISTERED COMPANY NUMBER: 06972479 (England and Wales) REGISTERED CHARITY NUMBER: 1132595

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 30 April 2022

for

Tenbury Rugby Football Club Limited

dhjh Tenbury Wells LLP Chartered Certified Accountants 81 Teme Street Tenbury Wells Worcestershire WR15 8AE

Tenbury Rugby Football Club Limited

Contents of the Financial Statements for the Year Ended 30 April 2022

Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 9

Tenbury Rugby Football Club Limited (Registered number: 06972479)

Report of the Trustees for the Year Ended 30 April 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 April 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The promotion of community participation in healthy recreation for the benefit of the inhabitants of Tenbury Wells. Worcestershire, by the provision of facilities for playing Rugby Union Football.

Significant activities

The trustees main activities each year are the continued provision of facilities and opportunities for playing rugby football union.

Public benefit

The trustees confirm that they have complied with the duty in Section 17(5) of the 2011 Charities Act to have due regard to guidance on public benefit published by the Charity Commission when reviewing the charity's objectives and in planning future activities.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

During the year ended 30 April 2022, the Club had continued success from the previous season. As well as reopening the clubhouse following the removal of all Covid-19 restrictions.

FINANCIAL REVIEW

Financial position

During the year to 30 April 2022 the charity generated income of £27,965 (2021: £13,482) and had expenditure of £28,276 (2021: £10,304) resulting in net expenditure of £311 (2021: Income £10,304).

Reserves policy

The trustees have reviewed the risks of the Charity during the year and have recognised the impact the pandemic had on the charity's incoming resources in previous years. The trustees consider the current reserves policy of maintaining free reserves equivalent to three months expenditure, to still be appropriate, as this allows time to either secure further funding or take other necessary steps to allow the charity to continue to provide the essential service to the local area.

Based on current expenditure, free reserves per the policy should be £12,500. At 30 April 2022 free reserves amounted to £50,888 (2021: £51,199) and therefore, the trustees have deemed reserves to be of a satisfactory level. They will continue to monitor the risks and reserves held by the charity and consider funds held in conjunction with other projects that the trustees may consider for the future.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

06972479 (England and Wales)

Registered Charity number

1132595

Registered office

Penlu Sports Club Worcester Road Tenbury Wells Worcestershire WR15 8AP

Page 1

Tenbury Rugby Football Club Limited (Registered number: 06972479)

Report of the Trustees for the Year Ended 30 April 2022

Trustees

T G Coles R G Bowkett A G Black M R Fazakarley

Independent Examiner

T G Giles dhjh Tenbury Wells LLP Chartered Certified Accountants 81 Teme Street Tenbury Wells Worcestershire WR15 8AE

Approved by order of the board of trustees on 13 January 2023 and signed on its behalf by:

A G Black - Trustee

Page 2

Independent Examiner's Report to the Trustees of Tenbury Rugby Football Club Limited

Independent examiner's report to the trustees of Tenbury Rugby Football Club Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 April 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

T G Giles dhjh Tenbury Wells LLP Chartered Certified Accountants 81 Teme Street Tenbury Wells Worcestershire WR15 8AE

16 January 2023

Page 3

Tenbury Rugby Football Club Limited

Statement of Financial Activities for the Year Ended 30 April 2022

2022
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3,931
Other activities
2
24,029
Investment income
3
5
Total
27,965
EXPENDITURE ON
Raising funds
21,192
Charitable activities
Playing expenses
5,955
Other
1,129
Total
28,276
NET INCOME/(EXPENDITURE)
(311)
RECONCILIATION OF FUNDS
Total funds brought forward
51,199
TOTAL FUNDS CARRIED FORWARD
50,888		 2021
Total
funds
£
11,076
2,391
15
13,482
860
1,669
649
3,178
10,304
40,895
51,199

The notes form part of these financial statements

Page 4

Tenbury Rugby Football Club Limited (Registered number: 06972479)

Balance Sheet 30 April 2022

2022
Unrestricted
fund
Notes
£
CURRENT ASSETS
Stocks
7
375
Debtors
8
1,715
Cash at bank and in hand
51,889
53,979
CREDITORS
Amounts falling due within one year
9
(3,091)
NET CURRENT ASSETS
50,888
TOTAL ASSETS LESS CURRENT LIABILITIES
50,888
NET ASSETS
50,888
FUNDS
10
Unrestricted funds
50,888
TOTAL FUNDS
50,888		 2021
Total
funds
£
2,055
1,715
48,149
51,919
(720)
51,199
51,199
51,199
51,199
51,199

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

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

The financial statements were approved by the Board of Trustees and authorised for issue on 13 January 2023 and were signed on its behalf by:

A G Black - Trustee

The notes form part of these financial statements

Page 5

Tenbury Rugby Football Club Limited

Notes to the Financial Statements for the Year Ended 30 April 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

2. OTHER ACTIVITIES

3.

Vice President Subscriptions
Clothing
Draw
Bar income
INVESTMENT INCOME
Interest receivable		 2022
£
1,151
120
1,350
21,408
24,029
2022
£
5		 2021
£
1,061
-
1,330
-
2,391
2021
£
15

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 April 2022 nor for the year ended 30 April 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 April 2022 nor for the year ended 30 April 2021.

Page 6

continued...

Tenbury Rugby Football Club Limited

Notes to the Financial Statements - continued for the Year Ended 30 April 2022

5. STAFF COSTS

The average monthly number of employees during the year was as follows:
Bar staff
No employees received emoluments in excess of £60,000.
6.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Donations and legacies
Other activities
Investment income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Playing expenses
Other
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
7.
STOCKS
Stocks
8.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors		 2022
2021
2
-
Unrestricted
fund
£
11,076
2,391
15
13,482
860
1,669
649
3,178
10,304
40,895
51,199
2022
2021
£
£
375
2,055
2022
2021
£
£
1,715
1,715		 2022
2021
2
-
Unrestricted
fund
£
11,076
2,391
15
13,482
860
1,669
649
3,178
10,304
40,895
51,199
2022
2021
£
£
375
2,055
2022
2021
£
£
1,715
1,715
13,482
860
1,669
649
3,178
10,304
40,895
51,199
2021
£
2,055
2021
£
1,715

Page 7

continued...

Tenbury Rugby Football Club Limited

Notes to the Financial Statements - continued for the Year Ended 30 April 2022

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Trade creditors 1,891 -
Accrued expenses 1,200 720
3,091 720
10. MOVEMENT IN FUNDS
Net
movement At
At 1/5/21 in funds 30/4/22
£ £ £
Unrestricted funds
General fund 51,199 (311) 50,888
TOTAL FUNDS 51,199 (311) 50,888
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 27,965 (28,276) (311)
TOTAL FUNDS 27,965 (28,276) (311)
Comparatives for movement in funds
Net
movement At
At 1/5/20 in funds 30/4/21
£ £ £
Unrestricted funds
General fund 40,895 10,304 51,199
TOTAL FUNDS 40,895 10,304 51,199
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 13,482 (3,178) 10,304
TOTAL FUNDS 13,482 (3,178) 10,304

Page 8

continued...

Tenbury Rugby Football Club Limited

Notes to the Financial Statements - continued for the Year Ended 30 April 2022

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 April 2022.

Page 9