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2021-02-28-accounts

Charity No: 1140439

RUGBY FOR HEROES

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28[TH] FEBRUARY 2021

RUGBY FOR HEROES

Contents

Page Trustees’ report 1 Independent examiners report 5 Statement of financial activities 6 Balance sheet 7 Notes to the accounts 8-11

RUGBY FOR HEROES

Trustees’ Report for the year ended 28th February 2021

The Trustees present their report for the year ended 28[th] February 2021

Reference and administration details

Charity Name : Rugby for Heroes
Registered Charity No : 1140439
Charity’s principal address : Unit 3
St James Court
285 Barton Street
Gloucester
GL1 4JE
Patron : Mike Tindall MBE
Trustees : Simon Bailey (appointed Chair of Trustees in January 2017)
Steve Lamb
Peter Topham
Graham Quant MBE
Miles Greenslade
Paul Sayer - Secretary
Accountants : Abbey Book Keeping Services Ltd
North Warehouse
The Docks
Gloucester
GL1 2EP
Bankers : Barclays Bank
Fareham
Hampshire

Trustees’ Report For the year ended 28[th] February 2021

Achievements and Performance

Financial Review

The Charity relies on donations, merchandise sales and income from sponsorship and running fund raising events for its income.

Primarily due to the Covid 19 Pandemic, income for year was significantly down as a result of many of the Charity’s fundraising events having to be cancelled or deferred due to Government restrictions. The result of this was that income for the period was down from £173,834 the previous year to £80,955 although the cost of generating funds was significantly reduced from £68,946 the previous year to £7,870. Despite the difficulties experienced as a result of the Pandemic and the consequent reduction in income from the previous year equivalent to 54%, Charitable Activities only reduced by 39% for the period from £114,735 to £70,392.

Income from Voluntary Donations increased during the period from £11,052 the previous year to £13,496, an increase of 18%.

Charitable activities accounted for 87% of the gross income for the year, up from 66% the previous year and after the deduction of costs associated with generating funds this contribution increases to 96%.

The Charity’s balance sheet shows reserves of £12,251, up from £9,558 the previous year and provides sufficient funds to cover administration costs for a period of three months, which is in line with Charity’s policy of retaining a minimum of three months’ reserves. As always, the Trustees are looking at ways to improve this position in order to maintain the financial security of the Charity.

The financial position of the Charity remains secure and the planned events for the forthcoming financial year should generate sufficient income to increase the assistance that the Charity currently provides, so long that no further restrictions are introduced that prevents fundraising events from taking place.

The Trustees would like to acknowledge the continued support and assistance of all Charity Ambassadors and Charity Patron Mike Tindall MBE for their continued efforts in helping to raise funds and the public awareness of the Charity. This has been particularly prevalent during the Covid 19 Pandemic and the various levels of lockdown restrictions that have had such a dramatic impact.

Trustees’ Report

For the year ended 28[th] February 2021

Risk Management

The Trustees review the major risks which that Charity faces on a regular basis and believe that maintaining and increasing reserves from current levels, combined with an annual review of the controls over key financial systems will going forward provide sufficient resources in the event of adverse conditions.

The Trustees are aware of other operational and business risks faced by the Charity and have discussed business continuity measures to mitigate significant risks.

Plans for the Future

The Charity already has a number of fundraising events planned for the 2021/22 financial year and is looking to continue to deliver its Transition Through Rugby courses as well providing CPD support courses for previous attendees. Unfortunately, these courses were not able to be delivered during the 2020/21 financial year due to lockdown restrictions.

The Trustees also remain committed to increasing the level of financial support provided to ex armed service personnel on an individual basis as well as continuing to support other like-minded charities through the Charity’s grant application process. The aim is to have a particular emphasis on mental health and mental well-being.

The Charity will continue to encourage support through working with partners to help organise fundraising events, merchandise sales and donations.

The Charity will continue to look to raise its profile within the Armed Forces community, the business community, other charitable organisations and the media. The fundraising events planned for the forthcoming financial year should go a long way to achieving this objective.

This report was approved by the Trustees on 11[th] December 2021 and signed on their behalf by

Simon Bailey Chair of Trustees

Independent Examiner’s Report to the Trustees of

RUGBY FOR HEROES

We report on the accounts for the year ended 28[th] February 2021 set out on pages 5 to 10.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The Charity’s trustees are responsible for the preparation of the accounts. The Charity’s trustees consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is our responsibility to:

BASIS OF INDEPENDENT EXAMINER’S STATEMENT

The examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

INDEPENDENT EXAMINER’S STATEMENT

In connection with my examination, no matter has come to my attention:

  1. which gives us reasonable cause to believe that in any material respect the requirements:

  2. to keep accounting records in accordance with section 130 of the 2011 Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act

have not been met; or

  1. to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Dated: 17[th] December 2021

Abbey Book Keeping Services Ltd North Warehouse The Docks Gloucester GL1 2EP

RUGBY FOR HEROES

Statement of financial activities For the year ended 28[th] February 2021

Unrestricted
Funds		 R estricted
Funds		 2021
T o tal
Funds
2020
T o tal
Funds
No tes £ £ £ £
Inco ming reso urces
Voluntaryincome - donations 13,496 13,496 11,052
Activities forgeneratingfunds 2 22,492 22,492 162,782
Other Grants 3 44,967 44,967 -
Total incomingresources 80,955 - 80,955 173,834
R eso urces expended
Cost ofgeneratingfunds 4 7,870 7,870 68,946
Charitable activities 5 70,392 70,392 114,735
Governance costs 6 - - 685
Total resources expended 78,262 - 78,262 184,366
N et inco ming/ (o utgo ing)
reso urces fo r the year		 2,693 - 2,693 - 10,532

The notes on pages 8 to 11 form part of the financial statements

RUGBY FOR HEROES

Balance Sheet at 28[th] February 2021

2021 2021 2020 2020
Notes £ £ £ £
Current assets
Stock 2,526 1,807
Debtors 8 3,458 5,674
Cash at bank and in hand 21,054 43,584
27,038 51,065
Creditors:amount falling due
within oneyear		 9 14,787 41,507
Net current assets 12,251 9,558
Net assets 12,251 9,558
Funds
Restricted funds 0 0
Unrestricted funds 10 12,251 9,558
12,251 9,558

These financial statements were approved by the Trustees on and signed on their behalf by:

S Bailey

Chair of Trustees

The notes on pages 7 to 10 form part of the financial statements

RUGBY FOR HEROES

Notes to the financial statements for the year ended 28[th] February 2021

1. Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice’ Accounting and Reporting by Charities’ (SORP 2005) issued in March 2005.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the Charity.

Restricted funds are those donated or raised for specific purposes, the use of which is restricted to that purpose and the restriction means that the funds can only be used for that purpose.

Incoming resources

All incoming resources are recognised where there is entitlement, certainty of receipt and the amount can be quantified with reasonable accuracy. Income from fundraising events is recognised in the period in which the event takes place.

Resources expended

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.

Costs of generating funds comprises the costs of trading for fund raising purposes, the cost of fund raising events and Charitable activities comprise those costs incurred by the Charity in delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs comprises all costs involved in meeting the constitutional and statutory requirements of the Charity.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment - 25% on reducing balance Motor vehicles - 25% on reducing balance

RUGBY FOR HEROES

Notes to the financial statements for the year ended 28[th] February 2021

2. Activities for generating funds

2021 2020
£ £
Fund raisingevents 22,492 159,213
Sale ofgoods 3,569
22,492 162,782

3. Other Income and Grants

2021 2020
£ £
HMRC JRS 34,967 0
Council Rates Grant 10,000 0
44,967 0

4. Cost of generating funds

2021 2020
£ £
Fund raisingevents 6,097 68,684
Cost ofgoods sold 0 0
Fund raisingexpenses 1,773 262
7,870 68,946

5. Charitable activities

2021 2020
£ £
Specificgrants 2556 27850
Premises 5304 9851
Printing, postage and stationery 229 303
Telephone 1608 2069
Computer expenses 1273 4277
Prof and Admin fees 188 5339
Motor and travel 4331 7954
Insurance 2068 3241
Other expenses 1470 36
Bank Charges 356 1457
Pension Costs 2565 2379
Wages 48444 49281
Depreciation 0 698
70,392 95,820

RUGBY FOR HEROES

Notes to the financial statements for the year ended 28[th] February 2021

6. Governance costs

2021 2020
£ £
Trustees meeting 0 685
0 685

7. Employees and remuneration of Trustees

There were 2 staff employed during the year for Administrative purposes of the Charity these were not trustees of the Charity. And no Trustees have been remunerated.

8. Debtors

Debtors
2021 2020
£ £
Trade debtors 250 2,050
Other debtors 3,208 3,624
3,458 5,674

9. Creditors: amounts falling due within 1 year

2021 2020
£ £
Trade creditors 36 1,034
Accruals and deferred income 14,751 40,473
14,787 41,507

10. Accumulated funds
£
Unrestricted funds at 1st March 2020 9,558
Net incomingresources for the Year 2,693
Unrestricted funds at 28th February2021 12,251