REGISTERED COMPANY NUMBER: 06972479 (England and Wales) REGISTERED CHARITY NUMBER: 1132595
Report of the Trustees and
Unaudited Financial Statements for the Period 1 May 2023 to 31 May 2024
for
Tenbury Rugby Football Club Limited
dhjh Tenbury Wells LLP Chartered Certified Accountants 81 Teme Street Tenbury Wells WR15 8AE
Tenbury Rugby Football Club Limited
Contents of the Financial Statements for the Period 1 May 2023 to 31 May 2024
| 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 Period 1 May 2023 to 31 May 2024
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 period 1 May 2023 to 31 May 2024. 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 31 May 2024, the Club had a steady season with both teams having success. The trustees have put on a number of events during the year, namely Ladies Day, Sponsors Day and Vice Presidents Day, all of which have been instrumental in generating funds for the club.
FINANCIAL REVIEW
Financial position
During the thirteen months to 31 May 2024, the Charity generated income of £40,843 (2023: £33,419) and had expenditure of £30,141 (2023: £29,080) resulting in net income £10,702 (2023: £4,339).
Reserves policy
The trustees have reviewed the risks of the Charity during the period 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 £13,000. At 31 May 2024 free reserves amounted to £65,929 (2023: £55,227) 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.
Recruitment and appointment of new trustees
Where there is a requirement for new trustees, these would be identified by the remaining trustees. The chairman is responsible for the induction of any new trustee, which involves trustee's responsibility, the governing document and administrative procedures.
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
Page 1
Tenbury Rugby Football Club Limited (Registered number: 06972479)
Report of the Trustees for the Period 1 May 2023 to 31 May 2024
Registered office
Penlu Sports Club Worcester Road Tenbury Wells Worcestershire WR15 8AP
Trustees
T G Coles R G Bowkett A G Black (resigned 15.7.23) M R Fazakarley (resigned 15.7.23) P Stevens (appointed 15.7.23) J Webb (appointed 15.7.23) A R Waite (appointed 15.7.23)
Independent Examiner
T G Giles dhjh Tenbury Wells LLP Chartered Certified Accountants 81 Teme Street Tenbury Wells WR15 8AE
Approved by order of the board of trustees on 27 February 2025 and signed on its behalf by:
P Stevens - 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 period 1 May 2023 to 31 May 2024.
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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
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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 WR15 8AE
27 February 2025
Page 3
Tenbury Rugby Football Club Limited
Statement of Financial Activities for the Period 1 May 2023 to 31 May 2024
| Period | |||
|---|---|---|---|
| 1/5/23 | |||
| to | Year Ended | ||
| 31/5/24 | 30/4/23 | ||
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 6,835 | 7,575 | |
| Other activities | 2 | 33,486 | 25,750 |
| Investment income | 3 | 522 | 94 |
| Total | 40,843 | 33,419 | |
| EXPENDITURE ON | |||
| Raising funds | 20,561 | 18,118 | |
| Charitable activities | |||
| Playing expenses | 9,580 | 10,962 | |
| Total | 30,141 | 29,080 | |
| NET INCOME | 10,702 | 4,339 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 55,227 | 50,888 | |
| TOTAL FUNDS CARRIED FORWARD | 65,929 | 55,227 |
The notes form part of these financial statements
Page 4
Tenbury Rugby Football Club Limited (Registered number: 06972479)
Balance Sheet 31 May 2024
| 2024 Unrestricted fund Notes £ CURRENT ASSETS Stocks 7 360 Debtors 8 - Cash at bank and in hand 67,042 67,402 CREDITORS Amounts falling due within one year 9 (1,473) NET CURRENT ASSETS 65,929 TOTAL ASSETS LESS CURRENT LIABILITIES 65,929 NET ASSETS 65,929 FUNDS 10 Unrestricted funds 65,929 TOTAL FUNDS 65,929 |
2023 Total funds £ 510 1,715 54,370 56,595 (1,368) 55,227 55,227 55,227 55,227 55,227 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2024.
The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
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 27 February 2025 and were signed on its behalf by:
P Stevens - Trustee
The notes form part of these financial statements
Page 5
Tenbury Rugby Football Club Limited
Notes to the Financial Statements for the Period 1 May 2023 to 31 May 2024
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.
| OTHER ACTIVITIES | ||
|---|---|---|
| Period | ||
| 1/5/23 | ||
| to | Year Ended | |
| 31/5/24 | 30/4/23 | |
| £ | £ | |
| Vice President Subscriptions | 1,065 | 1,130 |
| Clothing | 526 | 180 |
| Draw | 1,420 | 1,530 |
| Bar income | 26,100 | 21,985 |
| Tickets | 4,375 | 925 |
| 33,486 | 25,750 | |
| INVESTMENT INCOME | ||
| Period | ||
| 1/5/23 | ||
| to | Year Ended | |
| 31/5/24 | 30/4/23 | |
| £ | £ | |
| Interest receivable | 522 | 94 |
Page 6
continued...
Tenbury Rugby Football Club Limited
Notes to the Financial Statements - continued for the Period 1 May 2023 to 31 May 2024
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 31 May 2024 nor for the year ended 30 April 2023.
Trustees' expenses
There were no trustees' expenses paid for the period ended 31 May 2024 nor for the year ended 30 April 2023.
5. STAFF COSTS
The average monthly number of employees during the period was as follows:
6.
| Bar staff No employees received emoluments in excess of £60,000. 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 Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Period 1/5/23 to Year Ended 31/5/24 30/4/23 - 2 Unrestricted fund £ 7,575 25,750 94 33,419 18,118 10,962 29,080 4,339 50,888 55,227 |
Period 1/5/23 to Year Ended 31/5/24 30/4/23 - 2 Unrestricted fund £ 7,575 25,750 94 33,419 18,118 10,962 29,080 4,339 50,888 55,227 |
|---|---|---|
| 33,419 | ||
| 18,118 10,962 |
||
| 29,080 | ||
| 4,339 50,888 |
||
| 55,227 |
Page 7
continued...
Tenbury Rugby Football Club Limited
Notes to the Financial Statements - continued for the Period 1 May 2023 to 31 May 2024
| 7. | STOCKS | |||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Stocks | 360 | 510 | ||
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Trade debtors | - | 1,715 | ||
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Trade creditors | 89 | 168 | ||
| Accrued expenses | 1,384 | 1,200 | ||
| 1,473 | 1,368 | |||
| 10. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1/5/23 | in funds | 31/5/24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 55,227 | 10,702 | 65,929 | |
| TOTAL FUNDS | 55,227 | 10,702 | 65,929 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 40,843 | (30,141) | 10,702 | |
| TOTAL FUNDS | 40,843 | (30,141) | 10,702 | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1/5/22 | in funds | 30/4/23 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 50,888 | 4,339 | 55,227 | |
| TOTAL FUNDS | 50,888 | 4,339 | 55,227 |
Page 8
continued...
Tenbury Rugby Football Club Limited
Notes to the Financial Statements - continued for the Period 1 May 2023 to 31 May 2024
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 33,419 | (29,080) | 4,339 |
| TOTAL FUNDS | 33,419 | (29,080) | 4,339 |
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the period ended 31 May 2024.
Page 9