Charity No: 1140439
RUGBY FOR HEROES
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28[TH] FEBRUARY 2022
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 2022
The Trustees present their report for the year ended 28[th] February 2022
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 Accountancy Ltd |
| North Warehouse | ||
| The Docks | ||
| Gloucester | ||
| GL1 2EP | ||
| Bankers | : | Barclays Bank |
| Fareham | ||
| Hampshire |
Trustees’ Report For the year ended 28[th] February 2022
Achievements and Performance
Financial Review
The Charity relies on donations, merchandise sales and income from sponsorship and running fund raising events for its income.
The ongoing restrictions throughout 2021 as a result of the Covid 19 pandemic continued to present challenges to the Charity with certain fundraising events being affected as consequence. Despite this, the Trustees are pleased to report that income for the period was significantly up from £80,955 the previous year to £186,342, an increase of 130% and back to pre-pandemic levels.
Income from Voluntary Donations increased during the period from £13,496 the previous year to £15,506, an increase of 15%. Charitable Activities for the period increased by 75% from £70,392 to £123,430. After the deduction of costs associated with generating funds, Charitable Activities accounted for 95% of the gross income for the year, increasing from 87% the previous year.
The Charity’s balance sheet shows reserves of £17,173, up from £12,251 the previous providing 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 financial assistance that the Charity currently provides.
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.
Finally the Trustees would like to acknowledge the contribution from Steve Lamb, a founding trustee of the Charity who sadly passed away in December 2021. Steve’s work and commitment over the last decade has been one of the key contributing factors to the growth and financial stability of the Charity and his dedication and services will not be forgotten.
Trustees’ Report
For the year ended 28[th] February 2022
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 2022/23 financial year and is looking to increase its delivery of the Charity’s Transition Through Rugby courses as well as providing CPD support courses for previous attendees.
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 13[th] December 2022 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 2022 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:
-
Examine the accounts under section 145 of the 2011 Act
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To follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Act; and
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To state whether particular matters have come to my attention.
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:
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which gives us reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
- to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Dated:
Abbey Accountancy Ltd North Warehouse The Docks Gloucester GL1 2EP
RUGBY FOR HEROES
Statement of financial activities For the year ended 28[th] February 2022
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2022 2021
Unrestricted R estricted T o tal T o tal
F unds F unds F unds F unds
N o tes £ £ £ £
Inco ming reso urces
Voluntary income - donations 15,506 15,506 13,496
Activities for generating funds 2 147,070 147,070 22,492
Other Grants 3 23,766 23,766 44,967
Total incoming resources 186,342 - 186,342 80,955
R eso urces expended
Cost of generating funds 4 53,901 53,901 7,870
Charitable activities 5 123,430 123,430 70,392
Governance costs 6 4,089 4,089 -
Total resources expended 181,420 - 181,420 78,262
N et inco ming/ (o utgo ing)
reso urces fo r the year 4,922 - 4,922 2,693
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The notes on pages 8 to 11 form part of the financial statements
RUGBY FOR HEROES
Balance Sheet at 28[th] February 2022
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2022 2021
Notes £ £ £ £
Fixed Assets
Motor Vehicles 7 1200 0
Current assets
Stock 2,765 2,526
Debtors 8 9,264 3,458
Cash at bank and in hand 21,373 21,054
33,402 27,038
Creditors: amount falling due
within one year 9 17,429 14,787
Net current assets 15,973 12,251
Net assets 17,173 12,251
Funds
Restricted funds 0 0
Unrestricted funds 10 17,173 12,251
17,173 12,251
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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 2022
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.
Motor vehicles - 25% on reducing balance
RUGBY FOR HEROES
Notes to the financial statements for the year ended 28[th] February 2022
2. Activities for generating funds
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2022 2021
£ £
Fund raising events 147,035 22,492
Sale of goods 35 0
147,070 22,492
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3. Other Income and Grants
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2022 2021
£ £
HMRC JRS 18,766 34,967
BFBS 5,000 0
Council Rates Grant 0 10,000
23,766 44,967
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4. Cost of generating funds
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2022 2021
£ £
Fund raising events 53,201 6,097
Fund raising expenses 700 1,773
53,901 7,870
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5. Charitable activities
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Specificgrants | 43709 | 2556 | ||||
| Premises | 8265 | 5304 | ||||
| Printing, postage and stationery | 305 | 229 | ||||
| Telephone | 1266 | 1608 | ||||
| Computer expenses | 4519 | 1273 | ||||
| Prof and Admin fees | 1035 | 188 | ||||
| Motor and travel | 5854 | 4331 | ||||
| Insurance | 2572 | 2068 | ||||
| Advertising | 3524 | 0 | ||||
| Other expenses | 1115 | 1470 | ||||
| Bank Charges | 716 | 356 | ||||
| Pension Costs | 433 | 2565 | ||||
| Wages | 49717 | 48444 | ||||
| Depreciation | 400 | 0 | ||||
| 123,430 | 95,820 |
RUGBY FOR HEROES
Notes to the financial statements for the year ended 28[th] February 2022
6. Governance costs
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2022 2021
£ £
Trustees meeting 4,089 0
4,089 0
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7. Fixed Assets
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2022 2021
£ £
Motor Vehicle Cost B Fwd 0 0
Motor Vehicles Additions 1600 0
Depreciation Charge for Year -400 0
1,200 0
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8. 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.
9. Debtors
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2022 2021
£ £
Trade debtors 9,180 250
Other debtors 84 3,208
9,264 3,458
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10. Creditors: amounts falling due within 1 year
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Trade creditors | 17,429 | 36 | ||||
| Accruals and deferred income | 0 | 14,751 | ||||
| 17,429 | 14,787 | |||||
RUGBY FOR HEROES
Notes to the financial statements for the year ended 28[th] February 2022
11. Accumulated funds
| £ | ||||||
| Unrestricted funds at 1st March 2021 | 12,251 | |||||
| Net incomingresources for the Year | 4,922 | |||||
| Unrestricted funds at 28th February2022 | 17,173 |