REGisfERED CHARrrY NUMBER: 113S774 8osfoN RUGBY FooTU auB REPORT OF THE TRUSTEES AND UNAUDITED AP4ANaAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 Candour Accounts Limited Endeavour House 7 Enterprise Way Plnchbeck Spalding Ltncolnshire PEII 3YR
BOSTON RUGBY FOOTBALL CLUB CONTEKfs OF THE FINANCIAL 5fATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 Report of Trustees I to 2 Independellt ExaminLY'$ Report Statement of Amncial A¢tl¥tti Balance Sheet 5 to 6 Notes to the Flnandal Statements 7 to Detalled statement of Flnancial Artl¥ltles 13 to 14
80sfoN RUGBY FOOTBALL CLUB REPORT OF THE TRusfEES FOR THE YEAR ENDED 30 APRIL 2024 • REPORT OF THE TRU5fEES AWAITING 08JEcnvES AND AcnvmE5 Objectlves and alms 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 20111 Its charitable objective i5 the promotion of communÉty participation In heathy recreatlon for the benefit of the inhabitants of Boston. Llncolnshire. by the provrsion of facilities and opportunitles for playing Rugby Union football. In fulfilling this objective. the trustees have had regard to the guidance issued by the Charlty Commlssion on public benefiL Trustee recrultment Trustees are recrulted locally. They are selerted because of their interest In the work of the charfty or their expertise that may be used forthe benefft of Boston Rugby Football Club FINANaAL REVIEW Reserves pollcy The reserves policy of the charity Is to malntsin unrestrlcted free fund5 of the charity. at a suffident level which enables the tharlty to be able to operate. As at 30 April 2024 total reser5 were £72.391. They wlll continue to monltor the reseries held by the charity and tonsider funds held in conjur7Ction with other projects that the trustees may consider for the future. STrUCTURE, GOVERNANCE AND MANAGEMEMr Ggvernln8 document The charity is controlled by Its governlng documenL a deed of trust and constitute5 an unincorpordted tharity. REFERENCE AND ADMINISTRATIVE DEfAILS Reglster¢d Charity numb•r 1135774 PTlfidpal address Prlncess Royal Sport5 Arena Great Fen Road Wyberton 8oston Lincolnshire PE217PB Trn5tees Mr J Fletcher (resigned 5.6.23) Mr T Bembridge Mr S DIeY Mr W Mijodv (appointed 5.6.23) Page I
BOSTON RUGBY FOOTBALL CLUB REPORT OF ThE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2024 REFERENCE AND ADMINISTRATIVE DEfAILS Independent Examlner Mrj B Chappelle FCA Candour Accounts Limited Endeavour House 7 Enterprise Way Pinchbeck Spalding Lincolnshire PEII 3YR Bankers H58C Bank plc 53-54 Market Place Boston ncolnshire PE216LS Solldtors Sills & Betteridge S Main Ridge West Boston Lincolnshire PE216QL Treasurer Mr W Moody Approved byorderof the board of trustees on.......... . and 5¥r*d on its behalf by: Mr W IAoocty- Trustee Page 2
INDEPENDENT EXAMINER'S REpoKfTO THE TrUSTEES OF BOSTON RUGBY FOOTBALL CLUB Independent examk*s report to trustees of Boston Ru8by Football Club I report to the tharity tru5tee5 on my examination of the accounts of Boston Rugby Football aub (the Trust) for the year ended 30 April 2024. Respon5ibilitles and basi5 of report As the charity trustees of the Trust you are responsible for the prepardtk>n of the accounts In accordance with the requirements of the Charit¢es Act 2011 Ilhe A&). I report in respect of my examination of the Tru5Vs accounts carrfed out under Section 145 of the Att and in carrying out my examinatlon I have followed all applicable Directions given by the Chatity Commtssion under Section 1451Sllb) of the Act. Independent examinees statement I have completed my examlnation. I confirni that no material matters have come to my attention in connection with the examlnation 8iVFng me cause to believe that In any matertsl respect: 3ccounting records were not kept in respect of the Trust as requlred by Section 130 of the Art,, or the accounts do not accord wtth those records; or the accounts do not comply wlth the applicable requlrements Conrning the form and content of accounts set out In the Chaiities (Accounts and Reports} Re8ulations 21J)8 otr than anv requirement that the accounts gÉve a true and fair view which Is not a matter considered as part of an independent examination. I have no cOnM$ and have come across no other matters in connectlon with the examination to whtch attention should be drawn In thls pOrt In order to enable a proper understandlng of the accounts to be reached. Mrj B Chappelle FCA Candour Accounts Llmtted Endeavour House 7 Enterprlse Way Pinchbeck Spaldlng Lincolnshire PEII 3YR Page 3
BOSTON RUGBY FOOTBALL CW STATEMENT OF FINANCIAL AcfMllES FOR THE YEAR ENDED 30 APRIL 2024 Perlod 30.4.23 Year Ended 30.424 30.4.23 Unrestrkted ToLIl fund funds Notes INCOME AND ENDOWMEKfs FROM Donation5 and legacies 48.786 41.017 Other trading actlvttie5 147,231 136.602 Total 196.017 IT7.619 EXPENDITURE ON Ralsing funds 161248 133,536 Charitsble activities Charitable activities 78,619 82.962 Total 239.867 216,498 NEf INCOMEI(EXPENDrruRE) (43.8501 {38,879) RECONCILIATION OF FUNDS Totsl funds brought forward 116,241 155.120 TOTAL FUNDS CARRIED FORWARD 72.391 116.241 The notes form part of these financial statements Page 4
UOSTON RUGBY FOOTBALL CWB BALANCE SHEET 30 APRIL 2024 2024 Unrestrlrted 2023 Total funds FIXED ASSETS Tangible a55et5 54,870 65,872 CURRENT A55ETS Stocks Debtors: amounts falling due within one year Investments Cash at bank and in hand 15,720 4,114 17.522 10.754 13.871 36,790 46,256 70,315 CREDITORS Amounts falling due withln one year io 128.735) 119.9461 NEf CURREKf ASSErs 17,521 50.369 TOTAL ASSETS LESS CURREKf UABILMES n,391 116.241 NET ASSETS n.391 116,241 The notes form part of these financlal staternents P4e5 contlnued...
BOSTON RUGBY FOOTBALL CWB BALANCE SHEEf- ¢ontinued 30 APRIL 2024 FUNDS Unrestricted funds li 72.391 116,241 TOTAL FUNDS 72.391 116,241 The financial statements were appr4Md by the Board of Trustees and authorfsed for issue on . and were signed on Its behalf by: Mr T Bembri Mr S D151ey- Trustee Mr W Moody- Trustee Illr ffl ffliks- ICJ3tr£L The notes form part of these flnarKial statements Page 6
BOSTON RUGBY FOOTBALL CLUB NOTES TO THE HNANCIAL sfATEMÉNTS FOR THE YEAR ENDED 30 APRIL 2024 ACCOU14TING POLiaES Basls of preparlng the finandal statements The financlal statements of the chartty. whith Is a publlc benefft entity under FRS 102, have been prepared in accordan with the Charities SORP IFRS 1021 'Accounting and Reporting by Chartties: Statement of Recommended Prartice applicable to charities preparin8 their accounts In accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 (effecttve l January 2019),. Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charitles Art 2011. The financial statements have been prepared under the historical cost convention. These accounts have been wepared under the historlcal cost convention wlth items recognised at cost or transactlon Val unless otherwlse stated In the relevant notes to these accounts. The accounts have been prepared in accordantr with: The Statement of Recommended Practice: Accounttng and Reportlng by Charltles pparing thelr accounts in accordance with the Flnandal Rep)rting Stsndard applicable in the UK and Republic of Ireland IFRS 102) Issued on 16 Juty 2014; The Flnanclal Reportlng Stsndard appltcable In the United Klngdom and Republic of Ireland {FRS 1021," and The Charities Act 2011. The charlty constitutes a public benefit entity as defined by FRS 102. Income All income is recognised In the Statement of Flnancial Activitles once the charity has entitlement to the funds. it 15 probable that the income will be received and the amount can be measured reliably. Expendtture Liabilities are recognlsed as expendlture as soon as there is a legal or constructive obligation commlttin8 the charity to that expenditu, it is probable that a transfer of economic benefits will be requlred In selllernent arHJ the amount of the obllgatlon can bc measured rellably. Expendtture 13 a¢counted for on an accruals basis and has been dassified under headinss that a8sre8ate all cost related to the category. Where costs cannot be directly attributed to partlcular headlngs they have been allocated to artivities on a bas15 consistent with the use (rf resources. Tangible fixed assets Depreclation is provided at the following annual rates in order to write off each a55et over Its estimated useful Ilfe. Long leasehold Fixtures, frttlngs and equipment S% on cost 25% on cost These are capitslised rfthey can be used for more than one year, and cost at least £250. Page 7 continued...
BOSTON RUGBY FOOT au8 NOTES TO THE FINANaAL sfATEMENT5- contlnued FOR THE YEAR ENDED 30 APRIL 2024 AccouNllNG pouaES. conllnued Stocks Goods provlded as part of a thaTrtable actth are measured at net realisable value based on the potential provided by items of stock Taxatlon The charity Is exempt from tax on its charitable activities. Fund accountlng Unrestrirted funds can be used In accordan wlth the dwritable objectlves at the d15cretion of the trustees. Restricted funds can only be used for particular restrirted purposes within the objects of the charity. Restrlctions arise when specified by the donor or when funds are ralsed for particular restrirted purp05e5. Further explanation of the nature and purpose of eath furKI is included In the notes to the financial Statements. Hlre pUrc1e arml leaslng commttments Rentals paid under operating leases are charged to the Statement of Financial Activlties on a straight Ilne basls over the period of the lease. Debtors Debtors (including trade debtors and loans receIable) are measured on initlal recognitlon at settlement amount after any trade discounts or amount adVand by the charity. Subsequentfy. they are measured at the cash or other corsideration experted to be recetved OTHER TrADING ACTMTIES 30.4.23 to 30.&23 Year Ended 30.&24 Bar and tafe income Club shop sales Subscriptions and match fees Hire of premises ricket Sales 87.564 75,676 1.892 51 36.578 13.442 8.3 35,633 11.257 12.144 147.231 136.602 Page 8 continued...
BOSTON RUGBY FOOTBALL auB NOTES TO THE FINANaAL sfATEMEPiTS. contlnued FOR THE YEAR ENDED 30 APRIL Z024 RAISING FUNDS Ralslnz donatlons and le8ade5 Perfod 30.4.23 to 30.4.23 Year Ended 30.424 Support costs TRUSTEES. REMUNERATION AND BENEFrrs There were no tTUStees' remuneration or other benefits for the year ended 30 Aprll 2024 nor for the perFod ended 30 Aprll 2023. There were no trustees, expenses pald for the year ended 30 April 2024 nor for the perlod ended 30 April 2023. STAFF cosrs The average monthfy number of empl(iyees durln£ the year was as follow5: 30.423 to 30.4.21 Year Ended 30A.24 Temporary and pernpnent staff No employees reIVed emoluments In ex$ of £60,1XX). Page 9 contlnued..
8osfoN RUGBY FOOTBALL CWB NOTES TO THE F114ANCIAL STATEMEKts. crythued FOR THE YEAR ENDED 30 APRIL 2024 TANGIBLE FIXED ASSET5 ffttln85 Freehokl ion8 and pri)perty knhokl equipment Totals At l May 2023 and 30 Aprfl 2024 23,425 55,503 101,059 179,987 DEPRECIATION At l May 2023 Charge for year 45.963 2.775 68,152 8.227 114,115 11.002 At 30 Aprll 2024 48,738 76,379 125.117 NEf BOOK VAWE At 30 April 2024 23.425 6,765 24,680 54.870 At 30 Aprfl 2023 23.425 32.907 65,872 2024 Stocks 8.9CKI DE8TORS: AMOUNTS FAWNG DUE WITHIN ONE YEAR 2024 20 Trade debtors VAT Prepayments 6,638 SS9 3,557 4,161 3,671 15,720 10.754 Page 10 contlnued...
BOSTON RUG8Y FOOTBALL CLUB NOTES TO THE FINAPKIAL sfATEMENT5. FOR THE YEAR ENDED 30 APRIL 2024 CURREKf sEr INVESTMENTS 2024 2023 Short temi cash investment (less than 3 months to mature) 4,114 13,871 CR£DrroRs: AMouKf5 FALUNG DUE WITHIN ONE YEAR 2024 Trade creditors cket pass through costs WaBes control account Soclal security and other tsxes Sundry creditor Accrued expenses 20.429 11,997 2.160 51 3,355 3,3S5 2,300 28.735 19.946 IL MOVEMEKf IN FUNDS At 30.424 At L5.23 In funds General fund 116.241 (43,8501 72.391 TOTAL FUNDS 116,241 (43,850) 72.391 Net movement in funds. induded in the above are as follows: Incomlng Resources Movement In funds Unrestrlcted funds General fund 196.017 (239,8671 {43,8501 TOTAL FUND5 196,017 (239,8671 (43.8501 Page 11 continued...
BOSTON RUGBY FOOTBALL CWB NOTES TO THE FINANaAL STATEMENTS- coThthued FOR THE YEAR ENDED 30 APRIL 2024 IL MOVEMEKf IN FUNDS- cantlnued At At 30.4.23 in funds Unrestricted funds General fund 155,120 (38,8791 116.241 TOTAL FUNDS 155,120 (38,879) 116,241 Comparative net movemerrt in funds, included tn the above a as follow5: Incomlng Resources Movernnt resour expended In funds Unrestri¢ted funds General fund 177,619 (216.498) 138,8791 TOTAL FUNDS 177,619 (216.498) 138,879) 11 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 30 Aprll 2024. Page 12
BosfoN RUGBY FOOT8ALL CLUB DETAILED sfATEMENf OF FINANCIAL ACTMllES FOR THE YEAR ENDED 30 APRIL 2024 Perknd a0.23 to 30.4.23 Year Ended 30.4.24 INCOME AND ENDOWMENTS l)onatlons and legacles Spon50rshlp and donatlons Other income and fund raising Donatlon from old rugby club trustees 28.122 1,750 18.914 24.427 800 15,790 48.786 41.017 Other tradlng Ktivltles Bar and cafe income Club shop sales Subscriptions and match fees Hire of premlses Ticket Sales 87.564 75.676 1,892 35,633 11,257 12.144 36.578 13,442 8,%3 147,231 136.602 Totsl IncomlnK resources 196,017 177,619 EXPENDITURE Other trading activitr Opening stock Bar and café expendlture Club shop expenditure Staff costs Bad debt5 Artivity expenditure Coach5ns ¢loth4nE and tralnSns Closing stock 5.449 58,457 9,948 67,615 5,411 19,431 1.483 63,932 715 (8,9(X)) 51.453 3,280 {8,900) 158.587 133,531 Charftable actmtles Re Insurance Carried forward 18.(n) 1.516 19,516 1.388 16,388 Thls page does not form part of the statutory finandal statements
8OSTON RUGBY FOOTBALL CWB DAlLED StATEMENf OF FINANCIAL AcllvmES FOR THE YEAR ENDED 30 APRIL 2024 Period 30.4.23 Y&Y Enqkd 30.4.24 30.4.Z3 Charitable activltles Brought forward Advertising Match expenditure Repairs and maintenance Long leasehold (depreciation) Ftxture5 and fittings Idepreclationl 19,516 734 3.561 16,274 2.775 8.227 16,388 1,614 2,470 21,165 2,775 10,971 51.087 55,383 Support Costs Management LFght and heat Telephone Postage and ststlonery Le8al and professional fees 21,219 12,787 525 8,122 2,910 25,192 22,303 nance Bank charges L343 2,2S6 Infomiath?n tethnologv CompLrter costs 2.141 Human resour¢es Subscrlptlons 1,318 Totsl resources expended 239.867 216.498 Net expendlture (43.850) 138.8791 This page does not forni part of the ststutory financial statements Page 14
BOSTON RUGBY FOOTBALL CLUB TRUSTEES REPORT- YEAR ENDING APRIL 30 2024 Warren Moody- Trustee This trustees report accompanies the finanual statement of the charity for the year ending April 30 2024. The 2023124 season and finanaal year have presented significant ¢hallenges for Boslon RFC. Financial headwinds due to ongoing cost issues persist. vthile we, in MmOn with many other sports dubs around the country. continue to battle against societal legacies of the Covid pandemic. Many players have been lost to the sport, while social events - which provide much-needed funds for the club - have become a much harder 'sell' owing to a change in soc¢al habits forced upon us in 2020-21. However, not all has been doom and gloom. and congratulations go to all of our players for a season well contested ar¢d for success achieved. most notably by the senior ladies and in the junior section of Ihe Glub, where regional final spots were hard-eamed and duly lebrated. Work by the club's many volunteers is also desemng of our recognition and our thanks. Their dedication to helping Boston RFC to be the best version of itsew is truly inspiring. Included in the above, the dub committee should be recognised for rts time and effort in keeping the wheels tuming. Unpopular and drfficult decisions are often required in this task, and members do not shy away from their responsibilities. The trustees also offer thanks to BRFC'S facilities manager and her staff for their work in facilitating malch-day offerings and for planning, organising and running the extemal events which are so important to the financial survival of the dub. This. again. has become more challenging in the post- Covid era. Cash and stock controls are in place, and the hybrid cash-cashless system within the dub meets the needs of members. In this regard. the trustees would like to thank the ¢haimian. treasurer, dub Se¢tary and facilities manager for their time and efft)rts in securing a firmer finanaal footing going into the 2024-25 season.