Charity Registration No.1141651 Company Registration No.07366844 (England and Wales) COVENTR RUGBY COMMUNITY FOUNDATION LIMITED RT AND UNAUDITED FINANCIAL STATEMENTS HE YEAR ENDED 30 SEPTEMBER 2020 ANNUAL REP FOR LEGALANDADMI ISTRATIVE NFORMATION Trustees Mr E Holt Mr C Gregory Mrs M Pearson Mr P Rossborough Mr D Spiteri Mr M Varnom Charity number: 1141651 Company number: 07366844 Registered office: The Butts Arena Butts Coventry CV13GE Independent exa iner Jeff Walker COVENTR RUGBY COMMUNITY FOUNDATION LIMITED CONTENTS Page Trustees, report Independent examin r's report Statement of financia activities Balance Sheet Notes to the financia statements 7-12 COVENT Y RUGBY COMMUNITY FOUNDATION LIMITED TRUSTEES, REPO T (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2020 The trustees present thei The accounts have bee accounts and comply wi and Reporting by Charit accounts in accordanc Ireland (FRS 102)" (as a Objectives and activiti The charity's core objec achieves this by creatin groups who may otherwi At this current junctur Disability Sport, Elderly report and financial statements for the year ended 30 September 2020. prepared in accordance with the accounting policies set out in note 1 to the h the charity's governing document, the Companies Act 2006 and "Accounting es: Statement of Recommended Practice applicable to charities preparing their with the Financial Reporting Standard applicable in the UK and Republic of ended for accounting periods commencing from 1 January 2016) ive is to lower barriers to sport and promote health equality within the local area. It and running community programmes that increase access to sport for targeted e have been marginalized andlor unable to participate. the charity runs programmes under four main column headings: Education, Isolation, and Youth Intervention. due regard to guidance issued by the Charity Commission in deciding what ertake. The trustees have pai activities they should un Achievements and pe The Foundation has ex Via these programme children across our s exclusion andlor declin on state programmes Through these various schools, running 3 fre our work to see these ormance anded its programming into the four aforementioned columns. we work with individuals with physical and learning disabilities, hundreds of hools network within the West Midlands, retirees who are at risk of sporting ng health, and disadvantaged youth facing health inequalities and are dependent ithin their schools. nitiatives, we have worked with approximately 800 individuals, entering 20 different holiday sports camps, competed nationally in Wheelchair Rugby, and expanded umbers grow for the year ahead. have taken heed to the guidance and regulations set by the Charity Commission The trustees and staff regarding all activities. Financial review The financial transac financial position of th The charity, at this s funds to fulfil pledge community projects a The work of the Fou City of Coventry and t The trustees have as systems are in place t monthly basis throug The Foundation Man and this will continue. ions of the charity are shown on pages 5 to 12. The trustees consider the charity to be satisfactory. ge, has no intention of building long term free reserves. It will retain sufficient made for projects, etc., but the intention is to put raised funds back into the quickly as possible, to achieve their maximum purpose. dation has been significantly aided by the generosity of other charities within the e generosity of businesses and individuals in Coventry. essed the major risks to which the charity is exposed, and are satisfied that mitigate exposure to the major risks. The Foundation meets generally on a out the year and minute records are kept of all meetings. ger and the Community Officer have enabled the Charity to widen its working base COVENT Y RUGBY COMMUNITY FOUNDATION LIMITED TRUSTEES, REPO T (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 20201CONTINUED) New plans are being dev Rugby Club oped for future projects and work is being undertaken alongside the Coventry Additional funding is bein general sport as well as r the projects, be they chil It is anticipated that in du education in the hope th sought to facilitate the new and developing projects. Plans include the delivery of gby into schools and the community. The aim is to involve more participants into ren or adults, able bodied or disabled. course as well as rugby and sport, projects will focus on well-being and participants can benefit both physically and academically. Structure, governance The charity is a compan The trustees, who are al year were: Mr E Holt Mr J Mclntosh Mr P Rossborough Mrs M Pearson Mr C Gregory Mr D Spiteri Mr M Varnom Mr M Whitehall nd management limited by guarantee. o the directors for the purpose of company law, and who served during the pointed 25 October 2019) signed 25 October 2019) ppointed 1 June 2020) esigned 1 June 2020) New trustees are recruite and appointed by the existing trustees. ny beneficial interest in the company. All of the trustees are members of the company e £1 in the event of a winding-up. ies of Coventry Rugby Club. During the year one of the trustees was also a director of None of the trustees has and guarantee to contribu The charity uses the facili Coventry Rugby Limited. The Trustees, report was pproved by the Board of Trustees. Mr E Holt Chairnian Dated . co ENTRY RUGBY COMMUNITY FOUNDATION LIMITED INDEPEN TO THE I report to t 30 Septem ENT EXAMINER'S REPORT RUSTEES OF COVENTRY RUGBY COMMUNITY FOUNDATION LIMITED e charity trustees on my examinalion of the accounts of the company tor the year ended r 2020 which are set out on pages 5 to 12.. lities and basis of report ty trustees of the company (ar,d also its directors for the purposes of conipany law) you ible for the preparation of the accounts in accordance with the requirements of the Gt 2006 ('the 2006 Act,). fied myself that the accounts ofthe company are not required to be audited Linder Part 16 Act and are eligible for indeperident exainination, I report In respect of my of your company's accounts as carried out under section 145 of the Charities Act 2011 ct,) In carrying out my examination i have followed the directions given by the Charity ijrider section 145 (5) 11Act. Responsib. As the cha are respon Companies Having sati of the 200 examinatio ('the 2011 Commissio (b) of the 2 Independe I have com with the ex accoLI the ac the fin 2006 matter the fin of the to ch applic t examiner's statement leted my examination. I confirm that no matters have come to my attention in connection mination giving me cause to beliove that in any material respect: ting records were not kept in respect of company as required by section 386 of the 2006 Act. or ounts do not accord with those records; or ncial statements do not comply with the accoLinting requirements of section 396 of the ct other than any requirement that the accounts give a true and fair view.which is not a considered as part of an independent examination; or ncial statements have not been prepared in accordance with the methods and principles tatement of Recommended Practice for accounting and reporting by charities applicable rities preparing their accounts in accordance with the Financial Reporting Standard ble in the UK and Republic of Ireland (FRS 102), I have no which atte statements oncerns and have come across no other matters in connection with the examination to tion shoLild be drawn in this report in order to enable a proper understanding of the financial to be reached. Dated.. COVENTRY RU BY COMMUNITY FOUNDATION LIMITED FINANCIALACTIVITIES INCLUDING INC MEAND EXPENDrruREACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2020 STATEMENT O Unrestricted Restricted funds funds 2020 2020 Total Total Notes 2020 2019 Income from: Grants and donations Investments Total income 16,689 41,350 58,039 83,480 16 83,496 16,694 41,350 58,044 Expenditure on: Charitable activities 4,190 57,402 61,592 73,174 Net incoming/(outgoin ) resources 12,504 -16,052 -3,548 10,322 Fund balances at l Octo er 2019 4,462 49,502 53,964 43,642 Fund balances at 30 Se tember 2020 16,966 33,450 50,416 53,964 The statement of financ al activities includes all gains and losses recognised in the year. All income and expendi ure derive from continuing activities. The statement of financ account under the Com al activities also complies with the requirements for an income and expenditure anies Act 2006. COVENTRY R GBY COMMUNITY FOUNDATION LIMITED T AS AT 30 SEPTEMBER 2020 BALANCE SHE Notes 2020 2020 2019 2019 Current assets Cash at bank and in hand 51,736 55,404 Creditors Amounts falling due withi Net current assets one year -1320 -1,440 50,416 53,964 Income funds Restricted funds Unrestricted funds 10 33,450 16,966 49,502 4,462 50,416 53,964 The company is entitled Companies Act 2006, for o the exemption from the audit requirement contained in section 477 of the the year ended 30 September 2020. The trustees acknowled which comply with secti fair view of the state of resources and applicati accordance with the re as applicable to the co es his responsibilities for ensuring that the charity keeps accounting records n 386 of the Act and for preparing financial statements which give a true and ffairs of the company as at the end of the financial year and of its incoming n of resources, including the income and expenditure, for the financial year in uirements of the Companies Act 2006 relating to financial statements, so far pany. The members have not question in accordance equired the company to obtain an audit of its financial statements for the year in ith section 476. These financial statem subject to the small co nts have been prepared in accordance with the provisions applicable to companies panies regime. The financial statemen s were approved by the Trustees on . q 2Z)>/ Mr E Holt Chairman Company Registration 0. 07366844 COVENTRY RUGBY COMMUNITY FOUNDATION LIMITED INANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOTES TO THE SEPTEMBER 20 Accounting polic es Charity informatio Coventry Rugby C in England and Wa mmunity Foundation Limited is a private company limited by guarantee incorporated es. The registered office is The Butts Arena, Butts, Coventry, CV13GE. 1.1 Accounting conv The accounts ha Companies Act 2 Practice applicabl Standard applicab periods commenci 102. The charity has t Update Bulletin 1 The financial stat Monetary amount The financial stat accounting policie ntion e been prepared in accordance with the charity's governing document, the 06 and "Accounting and Reporting by Charities: Statement of Recommended to charities preparing their accounts in accordance with the Financial Reporting e in the UK and Republic of Ireland (FRS 102)" (as amended for accounting g from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS ken advantage of the provisions in the SORP for charities applying FRS 102 ot to prepare a Statement of Cash Flows. ments are prepared in sterling, which is the functional currency of the charity. in these financial statements are rounded to the nearest £. ments have been prepared under the historical cost convention. The principal adopted are set out below. 1.2 Going concern At the time of a the charity has a Thus the trustee statements. proving the financial statements, the trustees have a reasonable expectation that equate resources to continue in operational existence for the foreseeable future. continue to adopt the going concern basis of accounting in preparing the financial 1.3 Charitable funds Unrestricted fun charitable objecti Restricted funds purposes and us Endowment fun by the charity. s are available for use at the discretion of the trustees in furtherance of their es unless the funds have been designated for other purposes. are subject to specific conditions by donors as to how they may be used. The s of the restricted funds are set out in the notes to the accounts. s are subject to specific conditions by donors that the capital must be maintained 1.4 Incoming resou Income is recog been met, the a Cash donations been notified of tax recoverable at the time of th Legacies are impending distr legacy is treate Turnover is me amounts receiv discounts, VAT ces ised when the charity is legally entitled to it after any performance conditions have ounts can be measured reliably, and it is probable that income will be received. are recognised on receipt. Other donations are recognised once the charity has he donation, unless performance conditions require deferral of the amount. Income in relation to donations received under Gift Aid or deeds of covenant is recognised donation. recognised on receipt or otherwise rf the charity has been notified of an bution, the amount is known, and receipt s expected. Ifthe amount s not known, the as a contingent asset. sured at the fair value of the consideration received or receivable and represents ble for goods and services provided in the normal course of business, net of and other sales related taxes. COVENTRY RUGBY COMMUNITY FOUNDATION LIMITED INANCIAL STATEMENTS FOR THE YEAR ENDED 30 O (CONTINUED) NOTES TO THE SEPTEMBER 20 Resources expen Expenditure is reco VAT which cannot Charitable expendit and services for i activities and those Governance costs requirements of th strategic managem ed nised on an accrual basis as a liability is incurred. Expenditure includes any e fully recovered, and is reported as part of the expenditure to which it relates. re comprises those costs incurred by the charity in the delivery of its activities beneficiaries. It includes both costs that can be allocated directly to such costs of an indirect nature necessary to support them. include those costs associated with meeting the constitutional and statutory charity and include the independent examinerfs fees and costs linked to the nt of the charity. 1.6 Cash and cash e Cash and cash eq liquid investments overdrafts are sho Basic financial a Basic financial ass transaction price i the effective intere transaction is mea interest. Financial Basic financial I Basic financial lia price unless the measured at the Financial liabilities Debt instruments a Trade creditors ar course of operatio is due within one recognised initiall effective interest Derecognition Financial liabilitie discharged or can uivalents ivalents include cash in hand, deposits held at call with banks, other short-term with original maturities of three months or less, and bank overdrafts. Bank n within borrowings in current liabilities. sets ts which include debtors and cash and bank balances, are initially measured at cluding transaction costs and are subsequently carried at amortised cost using t method unless the arrangement constitutes a financing transaction, where the ured at the present value of the future receipts discounted at a market rate of ssets classified as receivable within one year are not amortised. abilities ilities, including creditors and bank loans are initially recognised at transaction rrangement constitutes a financing transaction, where the debt instrument is resent value of the future payments discounted at a market rate of interest. classified as payable within one year are not amortised. e subsequently carried at amortised cost, using the effective interest rate method. obligations to pay for goods or services that have been acquired in the ordinary s from suppliers. Amounts payable are classified as current liabilities if payment ear or less. If not, they are presented as non-current liabilities. Trade creditors are at transaction price and subsequently measured at amortised cost using the ethod. f financial liabilities are derecognised when the charity's contractual obligations expire or are elled. Critlcal account In the application estimates and as apparent from ot experience and o estimates. The estimates a accounting estim affects only that both current and ng estimates and judgements f the charity's accounting policies, the trustees are required to make judgements , umptions about the carrying amount of assets and liabilities that are not readily er sources. The estimates and associated assumptions are based on historical her factors that are considered to be relevant. Actual results may differ from these d underlying assumptions are reviewed on an ongoing basis. Revisions to tes are recognised in the period in which the estimate is revised where the revision eriod, or in the period of the revision and future periods where the revision affects ture periods. COVENT Y RUGBY COMMUNITY FOUNDATION LIMITED INANCIAL STATEMENTS FOR THE YEAR ENDED 30 O (CONTINUED) NOTES TO THE SEPTEMBER 20 3. Grants and Donation Unrestricted Restrirted funds funds 2020 2020 Total Total 2020 2019 14,977 1,712 16,689 41,350 56,327 1,712 58,039 480 83,000 83,480 Grants Donations 41,350 4. Investments Unrestricted Restricted funds funds 2020 2020 Total Total 2020 2019 16 Interest receivable COVENTRY RUGBY COMMUNITY FOUNDATION LIMITED E FINANCIAL STATEMENTS FOR THE YEAR PTEMBER 2020 (CONTINUED) NOTES TO T ENDED 30 S 5. Charitable activ ties Community Wheelchair All Kids Officer Rugby Active Other projects Total 2020 Total 2019 Sports camps, sch works and community a ols 11,787 15,148 28,800 1,667 57,402 71,516 ivities Other costs (note 6) 1,320 1,667 1,203 4,190 1,658 11,787 16,468 30,467 2,870 61,592 73,174 6. Other costs 2020 2019 Independent exa Hall hire Sherbourne Field Training and dev Marketing materials Bank charges iners fees 60 1,560 1,320 1,667 95 lopment 924 124 98 4,190 1,658 10 COVENTRY UGBY COMMUNITY FOUNDATION LIMITED NOTES TO SEPTEMBE HE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 2020 (CONTINUED) 7. Trustees None of the truste no expenses were s (or any persons connected with them) received any remuneration during the year and reimbursed. 8. Employees There were no e ployees during the year. 9. Creditors: amo nts falling due within one year 2020 2019 Accruals and def rred income 1,320 1,440 10. Restricted fu Balance at Incoming 0111012019 resources Outgoing resources Balance at 3010912020 Coventry Buildin All Kids Active Wheelchair rugb Employer's Charity 27,001 17,135 5,366 11,787 30,467 15,148 15,214 15,468 2,768 28,800 12,550 49,502 41,350 57,402 33,450 The Coventry Bu Manager and C Iding Employer's Charity fund represents resources donated towards the Foundation mmunity Officer costs. The All Kids Acti and Project 500 e fund represents resources donated for rugby club activities in schools The Wheelchair Rugby fund represents resources donated to promote wheelchair rugby. 11 COVENTRY NOTES TO SEPTEMBE UGBY COMMUNITY FOUNDATION LIMITED HE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 2020 (CONTINUED) 11. Analysis of n funds t assets between Unrestricted Restricted funds funds 2020 2020 Total Total 2020 2019 Fund balances at 2020 are represented by: Current assets/(I 30 September abilities) 16,966 33,450 50,416 53,964 12. Related pa transactions There were no d none). sclosable related party transactions during the year (2019 - 12