**REGISTERED CHARITY NUMBER: 1135774**
**BOSTON RUGBY FOOTBALL CLUB REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022**
Candour Accounts Limited Endeavour House 7 Enterprise Way Pinchbeck Spalding Lincolnshire PE11 3YR
**BOSTON RUGBY FOOTBALL CLUB**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 3|
|**Independent Examiner's Report**|4|
|**Statement of Financial Activities**|5|
|**Balance Sheet**|6 to 7|
|**Notes to the Financial Statements**|8 to 14|
|**Detailed Statement of Financial Activities**|15 to 16|
**BOSTON RUGBY FOOTBALL CLUB**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2022**
The trustees 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).
The 2021/22 season has reflected the bounce back from the Covid pandemic both on and off the pitch.
The club has experienced growth with revenues in particular Bar and Café and Membership increasing close to pre-covid levels. Application activity for Grant monies decreased as other revenue activity increased. Responsibility for sponsorship activities has been successfully transitioned and new sponsors have joined to support the club for the future.
The club has struggled to employ a new full-time facilities manager to manage the commercial activity of the club, credit to a large group of member volunteers and the entire committee who have managed to maintain the clubs levels of service to all member fund raising events.
Cash control, stock margins and in particular payroll management have been a constant concern. Other costs are largely in line with revenue growth. Going into the new 2022/23 season the committee has agreed for the club to go "cashless" and new cost controls to be implemented.
The trustees acknowledge the additional pressures on the volunteer members and the need to recruit a professional facilities manager in order to manage the facility, control costs and grow profitable revenues in order to continue to support the growth and current success of rugby at BRFC.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The charity, which is unincorporated, is governed by a written constitution adopted on 25 March 2010. The charity was registered with the Charity Commission on 4 May 2010.
Its charitable objective is the promotion of community participation in heathy recreation for the benefit of the inhabitants of Boston, Lincolnshire, by the provision of facilities and opportunities for playing Rugby Union football.
In fulfilling this objective, the trustees have had regard to the guidance issued by the Charity Commission on public benefit.
## **Trustee recruitment**
Trustees are recruited locally. They are selected because of their interest in the work of the charity or their expertise that may be used for the benefit of Boston Rugby Football Club
## **FINANCIAL REVIEW**
## **Reserves policy**
The reserves policy of the charity is to maintain unrestricted free funds of the charity, at a sufficient level which enables the charity to be able to operate.
As at 30 April 2022 total reserves were £155,120. They will continue to monitor the reserves held by the charity and consider funds held in conjunction with other projects that the trustees may consider for the future.
Page 1
**BOSTON RUGBY FOOTBALL CLUB**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2022**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1135774
## **Principal address**
Princess Royal Sports Arena Great Fen Road Wyberton Boston Lincolnshire PE21 7PB
## **Trustees**
Mr J Fletcher Mr M Miles MBE Mr T Bembridge Mr S Disley
## **Independent Examiner**
Mr J B Chappelle FCA Candour Accounts Limited Endeavour House 7 Enterprise Way Pinchbeck Spalding Lincolnshire PE11 3YR
## **Bankers**
HSBC Bank plc 53-54 Market Place Boston Lincolnshire PE21 6LS
## **Solicitors**
Sills & Betteridge 5 Main Ridge West Boston Lincolnshire PE21 6QL
**Treasurer**
Mr J Delaney
Page 2
**BOSTON RUGBY FOOTBALL CLUB**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2022**
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................. Mr J Fletcher - Trustee
Page 3
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BOSTON RUGBY FOOTBALL CLUB**
## **Independent examiner's report to the trustees of Boston Rugby Football Club**
I report to the charity trustees on my examination of the accounts of Boston Rugby Football Club (the Trust) for the year ended 30 April 2022.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Mr J B Chappelle FCA Candour Accounts Limited Endeavour House 7 Enterprise Way Pinchbeck Spalding Lincolnshire PE11 3YR
Date: .............................................
Page 4
**BOSTON RUGBY FOOTBALL CLUB**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2022**
|**2022**
**Unrestricted**
**fund**
**Notes**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
52,803
Other trading activities
2
135,039
Investment income
3
17,500
Job retention scheme
1,460
**Total**
206,802
**EXPENDITURE ON**
Raising funds
4
128,159
**Charitable activities**
Charitable activities
37,155
**Total**
165,314
**NET INCOME/(EXPENDITURE)**
41,488
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
113,632
**TOTAL FUNDS CARRIED FORWARD**
155,120|**2021**
**Total**
**funds**
**£**
100,733
20,766
17,500
14,642
153,641
50,049
103,756
153,805
(164)
113,796
113,632|
|---|---|
The notes form part of these financial statements
Page 5
**BOSTON RUGBY FOOTBALL CLUB**
## **BALANCE SHEET 30 APRIL 2022**
|**2022**
**Unrestricted**
**fund**
**Notes**
**£**
**FIXED ASSETS**
Tangible assets
7
72,424
**CURRENT ASSETS**
Stocks
8
5,449
Debtors: amounts falling due within one
year
9
9,604
Investments
10
13,622
Cash at bank and in hand
77,366
106,041
**CREDITORS**
Amounts falling due within one year
11
(23,345)
**NET CURRENT ASSETS**
82,696
**TOTAL ASSETS LESS CURRENT LIABILITIES**
155,120
**NET ASSETS**
155,120|**2021**
**Total**
**funds**
**£**
86,611
-
16,290
3,808
75,242
95,340
(68,319)
27,021
113,632
113,632|
|---|---|
The notes form part of these financial statements
continued...
Page 6
**BOSTON RUGBY FOOTBALL CLUB**
## **BALANCE SHEET - continued 30 APRIL 2022**
|**FUNDS**
12
Unrestricted funds
**TOTAL FUNDS**|155,120
155,120|113,632|
|---|---|---|
|||113,632|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Mr J Fletcher - Trustee
............................................. Mr M Miles MBE - Trustee
............................................. Mr T Bembridge - Trustee
............................................. Mr S Disley - Trustee
The notes form part of these financial statements
Page 7
**BOSTON RUGBY FOOTBALL CLUB**
**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 charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts.
The accounts have been prepared in accordance with:
The Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014;
The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102); and
The Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
## **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.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 5% on cost Fixtures, fittings and equipment - 15% on cost
These are capitalised if they can be used for more than one year, and cost at least £250.
continued...
Page 8
**BOSTON RUGBY FOOTBALL CLUB**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2022**
## **1. ACCOUNTING POLICIES - continued**
## **Stocks**
Goods provided as part of a charitable activity are measured at net realisable value based on the potential provided by items of stock
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Hire purchase and leasing commitments**
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **Debtors**
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received
## **2. OTHER TRADING ACTIVITIES**
|Bar and café income
Club shop sales
Subscriptions and match fees
Hire of premises
Ticket Sales|**2022**
**£**
86,244
1,670
31,796
4,631
10,698
135,039|**2021**
**£**
10,454
1,876
10,107
(2,642)
971
20,766|
|---|---|---|
continued...
Page 9
**BOSTON RUGBY FOOTBALL CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2022**
## **3. INVESTMENT INCOME**
|**3.**
**INVESTMENT INCOME**|||
|---|---|---|
|Rents received
**4.**
**RAISING FUNDS**
**Raising donations and legacies**
Support costs|**2022**
**£**
17,500
**2022**
**£**
(1)|**2021**
**£**
17,500|
|||**2021**
**£**
-|
## **5. 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.
## **6. STAFF COSTS**
The average monthly number of employees during the year was as follows:
||**2022**|**2021**|
|---|---|---|
|Temporary and permanent staff|4|3|
No employees received emoluments in excess of £60,000.
continued...
Page 10
**BOSTON RUGBY FOOTBALL CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2022**
## **7. TANGIBLE FIXED ASSETS**
|**7.**|**TANGIBLE FIXED ASSETS**|||||||
|---|---|---|---|---|---|---|---|
|||||||**Fixtures,**||
|||||||**fittings**||
|||**Freehold**||**Long**||**and**||
|||**property**||**leasehold**||**equipment**|**Totals**|
|||**£**||**£**||**£**|**£**|
||**COST**|||||||
||At 1 May 2021|23,425||55,503||93,050|171,978|
||Additions||-||-|815|815|
||At 30 April 2022|23,425||55,503||93,865|172,793|
||**DEPRECIATION**|||||||
||At 1 May 2021||-|40,413||44,954|85,367|
||Charge for year||-|2,775||12,227|15,002|
||At 30 April 2022||-|43,188||57,181|100,369|
||**NET BOOK VALUE**|||||||
||At 30 April 2022|23,425||12,315||36,684|72,424|
|||||||||
||At 30 April 2021|23,425||15,090||48,096|86,611|
|**8.**|**STOCKS**|||||||
|||||||**2022**|**2021**|
|||||||**£**|**£**|
||Stocks|||||5,449|-|
|**9.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||||
|||||||**2022**|**2021**|
|||||||**£**|**£**|
||Trade debtors|||||6,023|14,110|
||Prepayments|||||3,581|2,180|
|||||||9,604|16,290|
continued...
Page 11
**BOSTON RUGBY FOOTBALL CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2022**
## **10. CURRENT ASSET INVESTMENTS**
|Short term cash investment (less than 3 months to mature)
**11.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Pension control account
Social security and other taxes
VAT
Sundry creditor
Accrued expenses
**12.**
**MOVEMENT IN FUNDS**
**At 1.5.21**
**£**
**Unrestricted funds**
General fund
113,632
**TOTAL FUNDS**
113,632
Net movement in funds, included in the above are as follows:
**Incoming**
**resources**
**£**
**Unrestricted funds**
General fund
206,802
**TOTAL FUNDS**
206,802|||
|---|---|---|
||||
continued...
Page 12
**BOSTON RUGBY FOOTBALL CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2022**
## **12. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|**At 1.5.20**
**£**
113,796
113,796|**Net**
**movement**
**in funds**
**£**
(164)
(164)|**At**
**30.4.21**
**£**
113,632|
|---|---|---|---|
||||113,632|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|**Incoming**
**resources**
**£**
153,641
153,641|**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
(153,805)
(164)
(153,805)
(164)|
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|**At 1.5.20**
**£**
113,796
113,796|**Net**
**movement**
**in funds**
**£**
41,324
41,324|**At**
**30.4.22**
**£**
155,120|
|---|---|---|---|
||||155,120|
continued...
Page 13
**BOSTON RUGBY FOOTBALL CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2022**
## **12. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|**Incoming**
**resources**
**£**
360,443
360,443|**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
(319,119)
41,324
(319,119)
41,324|
|---|---|---|
## **13. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 30 April 2022.
Page 14
**BOSTON RUGBY FOOTBALL CLUB**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2022**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Sponsorship and donations
RFU Grant
Boston BC
Sport England
**Other trading activities**
Bar and café income
Club shop sales
Subscriptions and match fees
Hire of premises
Ticket Sales
**Investment income**
Rents received
**Job retention scheme**
Job retention scheme
**Total incoming resources**
**EXPENDITURE**
**Other trading activities**
Opening stock
Bar and café expenditure
Club shop expenditure
Staff costs
Social security
Pensions
Activity expenditure
Coaching clothing and training
Equipment hire
Closing stock|**2022**
**£**
46,303
-
6,500
-
52,803
86,244
1,670
31,796
4,631
10,698
135,039
17,500
1,460
206,802
-
63,764
3,291
33,702
-
366
25,129
4,733
624
(5,449)
126,160|**2021**
**£**
35,547
50,375
5,431
9,380
100,733
10,454
1,876
10,107
(2,642)
971
20,766
17,500
14,642
153,641
1,500
7,959
2,097
29,313
449
497
7,299
881
-
-
49,995|
|---|---|---|
This page does not form part of the statutory financial statements
Page 15
**BOSTON RUGBY FOOTBALL CLUB**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2022**
|**Other trading activities**
**Charitable activities**
Rent
Insurance
Advertising
Match expenditure
Repairs and maintenance
Long leasehold (depreciation)
Fixtures and fittings (depreciation)
**Support costs**
**Management**
Light and heat
Telephone
Postage and stationery
Legal and professional fees
**Finance**
Bank charges
**Information technology**
Computer costs
**Human resources**
Subscriptions
Total resources expended
**Net income/(expenditure)**|**2022**
**£**
13,750
2,444
4,255
5,871
(11,186)
2,775
12,227
30,136
812
1,278
550
2,463
5,103
1,804
1,435
676
165,314
41,488|**2021**
**£**
13,806
2,313
1,042
5,740
55,909
2,775
16,035
97,620
716
1,618
-
2,985
5,319
-
713
158
153,805
(164)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 16