OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-02-29-accounts

Charity No: 1140439

RUGBY FOR HEROES

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 29[TH] FEBRUARY 2024

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 29th February 2024

The Trustees present their report for the year ended 28[th] February 2024

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
Andrew Moss
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 29[th] February 2024

Achievements and Performance

Financial Review

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

Income for the period was down from £259,511 the previous year to £150,470, a decrease of 42%. This was largely due to the loss of a major supporter during this period. Income from Voluntary Donations increased during the period from £59,004 to £80,720, an increase of 37% and this was largely due to an increase in donations from corporate entities such as Howard Tenens and JHA Architecture, who in particular the Trustees would like to acknowledge and thank. For the same period, however, income from fundraising was down from £200,494 to £69,658, a decrease of 65% and this accounts for the reduction in overall total income for the period.

Despite the 42% reduction in income for the period, Charitable Activities only decreased by 31% from £154,083 the previous year to £106,475 and after the deduction of costs associated with generating funds, Charitable Activities accounted for 85% of the gross income for the year. This was primarily through the continued delivery of the Charity’s Transition Through Rugby courses. Furthermore, the end of year surplus increased from £1,596 the previous year to £18,230.

The Charity’s balance sheet shows reserves of £36,999 showing a significant increase from £18,769 the previous year providing sufficient funds to cover administration costs for a period of six to eight months, which is in line with Charity’s policy of retaining a minimum of six months’ reserves. As always, the Trustees are looking at ways to improve this position in order to maintain the financial security of the Charity and have a set a goal of retaining a minimum of 12 months’ reserves.

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 to ex Armed Forces personnel with their transition back into civilian life.

The Trustees would like to acknowledge the continued support and assistance of all Charity Ambassadors and in particular Charity Patrons Mike Tindall MBE and Nick Knowles for their continued efforts in helping to raise funds and the public awareness of the Charity.

Trustees’ Report For the year ended 29[th] February 2024

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 2024/25 financial year and is looking at ways to potentially increase its delivery of the Charity’s Transition Through Rugby courses. This will be in consultation with the Rugby Football Union and will be dependent on its ability to continue to help deliver the courses. Additionally, the Charity has further expanded its support of veterans through the delivery of networking events supported by corporate bodies who can in turn help provide to support and opportunities moving forward.

The Trustees also remain committed to increasing the level of financial support provided to ex armed service personnel on an individual basis 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 13th December 2024 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 29[th] February 2024 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: 13[th] December 2024

Ian Brotherton

Abbey Accountancy Ltd North Warehouse The Docks Gloucester GL1 2EP

RUGBY FOR HEROES

Statement of financial activities For the year ended 29[th] February 2024

Notes
Incoming resources
Voluntary income - donations
Activities for generating funds
2
Other income
3
Total incoming resources
Resources expended
Cost of generating funds
4
Charitable activities
5
Governance costs
6
Total resources expended
Net incoming/(outgoing)
resources for the year		 Unrestricted
Funds
£
80,720
69,658
92
150,470
25,199
106,475
566
132,240
18,230		 Restricted
Funds
£
-
-
-		 2024
Total
Funds
£
80,720
69,658
92
150,470
25,199
106,475
566
132,240
18,230		 2023
Total
Funds
£
59,004
200,494
13
259,511
100,671
154,083
3,161
257,915
1,596

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

RUGBY FOR HEROES

Balance Sheet at 29[th] February 2024

Notes
Fixed Assets
Motor Vehicles
7
Office Equipment
Current assets
Stock
Debtors
8
Cash at bank and in hand
Creditors:amount falling due
within one year
9
Net current assets
Net assets
Funds
Restricted funds
Unrestricted funds
10		 £
£
£
£
0
900
321
0
321
900
0
2,760
0
18,766
36,678
3,399
36,678
24,925
0
7,056
36,678
17,869
36,999
18,769
0
0
36,999
18,769
36,999
18,769
2024
2023		 £
£
£
£
0
900
321
0
321
900
0
2,760
0
18,766
36,678
3,399
36,678
24,925
0
7,056
36,678
17,869
36,999
18,769
0
0
36,999
18,769
36,999
18,769
2024
2023
18,769
0
18,769
18,769

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 29[th] February 2024

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

RUGBY FOR HEROES

Notes to the financial statements for the year ended 29[th] February 2024

2. Activities for generating funds

2024
£
Fund raising events
63,030
Sale of goods
6,628
69,658		 2023
£
195,043
5,451
200,494

3. Other Income and Grants

Misc Income
Bank Interest		 2024
2023
£
£
78
0
14
13
92
13

4. Cost of generating funds

2024
£
Fund raising events
19,559
Fund raising expenses
5,640
25,199		 2023
£
98,083
2,588
100,671

RUGBY FOR HEROES

Notes to the financial statements for the year ended 29[th] February 2024

5. Charitable activities

Specific grants
Stock purchases
Premises
Printing, postage and stationery
Telephone
Computer expenses
Prof and Admin fees
Motor and travel
Insurance
Advertising
Other expenses
Bank Charges
Pension Costs
Wages
Bad Debt
Loss on Disposal
Depreciation		 2024
2023
£
£
26,135
45,517
845
6,136
8,421
9,196
347
2,470
377
917
2,167
14,579
2,598
1,879
7,700
17,380
3,037
2,797
605
345
84
370
1,062
1,580
2,630
3,299
49,208
47,318
252
0
900
0
107
300
106,475
95,820
6. Governance costs
Trustees meeting
7. Fixed Assets
Fixed Assests Cost B Fwd
Office Equipment Additions
Depreciation Charge for Year		 2024
£
566
566
2024
£
900
428
-1,007
321		 2023
£
3,160
3,160
2023
£
1,200
0
-300
900

RUGBY FOR HEROES

Notes to the financial statements for the year ended 29[th] February 2024

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

Trade debtors
Other debtors		 2024
2023
£
£
0
3,682
0
84
0
3,766

10. Creditors: amounts falling due within 1 year

Trade creditors 2024
2023
£
£
0
7,056
0
7,056

11. Accumulated funds

Unrestricted funds at 1st March 2023
Net incoming resources for the Year
Unrestricted funds at 28th February 2024		 18,769
18,230
36,999