REGISTERED CHARITY NUMBER: 1135774
BOSTON RUGBY FOOTBALL CLUB
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
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 2025
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 to 6 |
| Notes to the Financial Statements | 7 to 12 |
| Detailed Statement of Financial Activities | 13 to 14 |
BOSTON RUGBY FOOTBALL CLUB
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025
The 2024/25 season has seen club members continue to pull together both on and off the pitch for the betterment for the club as a whole and for members across all age groups.
Trustees have noticed stagnating levels of participation across senior age groups, and note that increased player numbers would benefit both the playing strength of the club and the balance sheet through more player subscriptions and the reduced necessity to cancel fixtures. It is hoped the work done on this front during the 2024/25 season will reap more concrete rewards in 2025/26.
Revenue and costs continue to be a concern; spend over the club bar continues to largely flat-line, while the cost of providing member services rises - in no small part due to uplifts in minimum wage payments for the club's casual workers.
Other cost increases across the board mean expenditure has again exceeded income for the year, despite great work being done in working to minimize costs and in increasing the take-up of sponsorship. This effort is ongoing, and the trustees appreciate the work being done in this ever-more trying financial period
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 2025 total reserves were £68,029. 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.
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
Page 1
BOSTON RUGBY FOOTBALL CLUB
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025
Principal address
Princess Royal Sports Arena Great Fen Road Wyberton Boston Lincolnshire PE21 7PB
Trustees
Mr T Bembridge Mr S Disley Mr W Moody Mr M Miles MBE
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 W Moody
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................. Mr W Moody - Trustee
Page 2
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 2025.
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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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 3
BOSTON RUGBY FOOTBALL CLUB
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2025
| 2025 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 68,498 Other trading activities 2 148,872 Total 217,370 EXPENDITURE ON Raising funds 144,166 Charitable activities Charitable activities 77,566 Total 221,732 NET INCOME/(EXPENDITURE) (4,362) RECONCILIATION OF FUNDS Total funds brought forward 72,391 TOTAL FUNDS CARRIED FORWARD 68,029 |
2024 Total funds £ 48,786 147,231 196,017 161,248 78,619 239,867 (43,850) 116,241 72,391 |
|---|---|
The notes form part of these financial statements
Page 4
BOSTON RUGBY FOOTBALL CLUB
BALANCE SHEET 30 APRIL 2025
| 2025 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 5 46,111 CURRENT ASSETS Stocks 6 8,900 Debtors: amounts falling due within one year 7 10,961 Investments 8 2,054 Cash at bank and in hand 18,298 40,213 CREDITORS Amounts falling due within one year 9 (18,295) NET CURRENT ASSETS 21,918 TOTAL ASSETS LESS CURRENT LIABILITIES 68,029 NET ASSETS 68,029 |
2024 Total funds £ 54,870 8,900 15,720 4,114 17,522 46,256 (28,735) 17,521 72,391 72,391 |
|---|---|
The notes form part of these financial statements
continued...
Page 5
BOSTON RUGBY FOOTBALL CLUB
BALANCE SHEET - continued 30 APRIL 2025
| FUNDS 10 Unrestricted funds TOTAL FUNDS |
68,029 68,029 |
72,391 |
|---|---|---|
| 72,391 |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Mr T Bembridge - Trustee
............................................. Mr S Disley - Trustee
............................................. Mr W Moody - Trustee
............................................. Mr M Miles MBE - Trustee
The notes form part of these financial statements
Page 6
BOSTON RUGBY FOOTBALL CLUB
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
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 | - 25% on cost |
These are capitalised if they can be used for more than one year, and cost at least £250.
continued...
Page 7
BOSTON RUGBY FOOTBALL CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025
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.
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
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| Bar and cafe income Club shop sales Subscriptions and match fees Hire of premises Ticket Sales |
2025 £ 88,377 649 35,433 11,254 13,159 148,872 |
2024 £ 87,564 684 36,578 13,442 8,963 |
| 147,231 |
continued...
Page 8
BOSTON RUGBY FOOTBALL CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 April 2025 nor for the year ended 30 April 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 April 2025 nor for the year ended 30 April 2024.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 2025 | 2024 | |
|---|---|---|
| Temporary and permanent staff | 7 | 6 |
No employees received emoluments in excess of £60,000.
5. TANGIBLE FIXED ASSETS
| COST At 1 May 2024 Additions At 30 April 2025 DEPRECIATION At 1 May 2024 Charge for year At 30 April 2025 NET BOOK VALUE At 30 April 2025 At 30 April 2024 |
Freehold property £ 23,425 - 23,425 - - - 23,425 23,425 |
Long leasehold £ 55,503 - 55,503 48,738 2,775 51,513 3,990 6,765 |
Fixtures, fittings and equipment £ 101,059 249 101,308 76,379 6,233 82,612 18,696 24,680 |
Totals £ 179,987 249 |
|---|---|---|---|---|
| 180,236 | ||||
| 125,117 9,008 |
||||
| 134,125 | ||||
| 46,111 | ||||
| 54,870 |
continued...
Page 9
BOSTON RUGBY FOOTBALL CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025
| 6. STOCKS Stocks 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors VAT Prepayments 8. CURRENT ASSET INVESTMENTS Short term cash investment (less than 3 months to mature) 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Ticket pass through costs Social security and other taxes Sundry creditor Accrued expenses 10. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS |
At 1.5.24 £ 72,391 72,391 |
||
|---|---|---|---|
continued...
Page 10
BOSTON RUGBY FOOTBALL CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025
10. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 217,370 217,370 At 1.5.23 £ 116,241 116,241 |
Resources Movement expended in funds £ £ (221,732) (4,362) (221,732) (4,362) Net movement At in funds 30.4.24 £ £ (43,850) 72,391 (43,850) 72,391 |
|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 196,017 196,017 |
Resources Movement expended in funds £ £ (239,867) (43,850) (239,867) (43,850) |
|---|---|---|
continued...
Page 11
BOSTON RUGBY FOOTBALL CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net movement At 1.5.23 in funds £ £ Unrestricted funds General fund 116,241 (48,212) TOTAL FUNDS 116,241 (48,212) |
At 30.4.25 £ 68,029 |
|---|---|
| 68,029 |
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 £ 413,387 413,387 |
Resources Movement expended in funds £ £ (461,599) (48,212) (461,599) (48,212) |
|---|---|---|
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 April 2025.
Page 12
BOSTON RUGBY FOOTBALL CLUB
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2025
| INCOME AND ENDOWMENTS Donations and legacies Sponsorship and donations Other income and fund raising Donation from old rugby club trustees Other trading activities Bar and cafe income Club shop sales Subscriptions and match fees Hire of premises Ticket Sales Total incoming resources EXPENDITURE Other trading activities Opening stock Bar and café expenditure Club shop expenditure Staff costs Bad debts Activity expenditure Coaching clothing and training Closing stock Charitable activities Rent Insurance Advertising Match expenditure Repairs and maintenance Carried forward |
2025 £ 47,101 3,449 17,948 68,498 88,377 649 35,433 11,254 13,159 148,872 217,370 8,900 63,086 2,055 17,168 - 62,627 (770) (8,900) 144,166 19,083 2,173 1,073 3,745 18,301 44,375 |
2024 £ 28,122 1,750 18,914 48,786 87,564 684 36,578 13,442 8,963 147,231 196,017 8,900 67,615 5,411 19,431 1,483 63,932 715 (8,900) 158,587 18,000 1,516 734 3,561 16,274 40,085 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 13
BOSTON RUGBY FOOTBALL CLUB
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2025
| Charitable activities Brought forward 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 expenditure |
2025 £ 44,375 2,775 6,233 53,383 15,808 1,064 140 2,799 19,811 1,578 1,989 805 221,732 (4,362) |
2024 £ 40,085 2,775 8,227 51,087 21,219 980 83 2,910 25,192 1,343 2,340 1,318 239,867 (43,850) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 14