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2021-09-30-accounts

Charity Registration No.1141651 Company Registration No.07366844 (England and Wales)

COVENTRY RUGBY COMMUNITY FOUNDATION LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

LEGAL AND ADMINISTRATIVE INFORMATION

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 CV1 3GE Independent examiner Jeff Walker

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COVENTRY RUGBY COMMUNITY FOUNDATION LIMITED CONTENTS Page Trustees’ report 2-4 Independent examiner’s report 5 Statement of financial activities 6 Balance Sheet 7 Notes to the financial statements 8-13

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COVENTRY RUGBY COMMUNITY FOUNDATION LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

The trustees present their report and financial statements for the year ended 30 September 2021.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the Companies Act 2006 and "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)" (as amended for accounting periods commencing from 1 January 2016)

Objectives and activities

The charity’s core objective is to lower barriers to sport and promote health equality within the local area. It achieves this by creating and running community programmes that increase access to sport for targeted groups who may otherwise have been marginalized and/or unable to participate.

Currently, the charity runs programmes under four main themes:

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities they should undertake.

Achievements and performance

The Foundation continually looks to expand the scope of its programmes to maximise the benefit to the local community within the constraints of the available funding. Via these programmes our objective is to engage with and support the following groups:

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Through our various initiatives, we have engaged with and supported thousands of people including

Our objective is to see these numbers increase each year and with the support of Coventry Rugby Club we are able to offer the use of the world class facilities of the Butts Park Arena.

The trustees and Coventry Rugby Club Community staff have taken heed to the guidance and regulations set by the Charity Commission regarding all activities. During the challenging period of Covid rigorous health and safety procedures have been introduced to ensure that we can still deliver some activities in a safe environment. This has enabled us to engage with people at a time when they most need support.

COVENTRY RUGBY COMMUNITY FOUNDATION LIMITED TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2021 (CONTINUED)

New plans are being developed for future projects and work is being undertaken alongside the Coventry Rugby Club. The objective of these future projects is to develop facilities which will enable the Foundation to deliver sports activities coupled with educational programmes.

Additional funding is being sought to facilitate the new and developing projects. Plans include the delivery of general sport as well as rugby into schools and the community. The aim is to involve more participants into the projects, be they children or adults, able bodied or disabled.

It is anticipated that in due course as well as rugby and sport, projects will focus on wellbeing and education in the hope that participants can benefit both physically and academically.

The Foundation spent £86,418 on charitable activities during the year ending September 2021. We would like to thank the following organisations for their generous donations during the last year:

The Albert Hunt Trust The Aviva Community Fund The Builders Charity The Bruce Wake Charitable Trust The Clothworkers Foundation Coventry City Council Coventry General Charities The Eveson Charitable Trust The Foyle Foundation The Green Hall Foundation

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Groundwork UK The Heart of England Community Foundation The Hedley Foundation The National Lottery Community Fund The Newfield Charitable Trust The Sheldon Trust Think Active The Toy Trust The Wheelwrights Charity West Midlands Police Various contributions from private individuals

Without these generous contributions Coventry Rugby Community Foundation charitable work would not be possible.

We would also like to thank Coventry Rugby Club for the support and use of their facilities.

Financial review

The financial transactions of the charity are shown on pages 6 to 13. The trustees consider the financial position of the charity to be satisfactory.

The charity, at this stage, has no intention of building long term free reserves. It will retain sufficient funds to fulfil pledges made for projects, etc., but the intention is to put raised funds back into the community projects as quickly as possible, to achieve their maximum purpose.

COVENTRY RUGBY COMMUNITY FOUNDATION LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2021 (CONTINUED)

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. The Foundation meets generally on a monthly basis throughout the year and minute records are kept of all meetings.

Structure, governance and management

The charity is a company limited by guarantee.

The trustees, who are also the directors for the purpose of company law, and who served during the year were:

Mr E Holt Mr P Rossborough Mrs M Pearson Mr C Gregory Mr D Spiteri Mr M Varnom

New trustees are recruited and appointed by the existing trustees.

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None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding-up.

The charity uses the facilities of Coventry Rugby Club. During the year one of the trustees was also a director of Coventry Rugby Limited.

The Trustees’ report was approved by the Board of Trustees.

Mr E Holt

Chairman

Dated 04/04/2022

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COVENTRY RUGBY COMMUNITY FOUNDATION LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2021

Unrestricted
Restricted
Total
Total
funds
funds
2021
2021
2021
2020
£
£
£
£
0
113,924
113,924
58,039
0
0
0
5
0
113,924
113,924
58,044
0
86,418
86,418
57,402
291
0
291
4,190
291
86,418
86,709
61,592
-291
27,506
27,215
-3,548
Notes
Income from:
Grants and donatons
3
Investments
4
Total income
Expenditure on:
Charitable
actvites
5
Other costs
6
Total costs
Net incoming resources before
transfers

6

Transfer between funds -9000
9000
0
0
16,966
33,450
50,416
53,964
7675
69,956
77,631
50,416
Fund balances at 1 October 2020
Fund balances at 30 September 2021

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure ac under the Companies Act 2006.

COVENTRY RUGBY COMMUNITY FOUNDATION LIMITED

BALANCE SHEET AS AT 30 SEPTEMBER 2021

Notes 2021 2021
2020		 2020
£ £
£		 £
Current assets
Cash at bank and in hand 78,951 51,736
Creditors
Amounts falling due within one year
9		 -1320 -1,320
Net current assets 77,631 50,416
Income funds
Restricted funds
10		 69,956 33,450
Unrestricted funds 7,675 16,966
77,631 50,416
The company is enttled to the exempton from the audit requirement contained in secton 477 of the
Companies Act 2006,for theyear ended 30 September 2021.
The trustees acknowledges their responsibilites for ensuring that the charity keeps accountng records

which comply with secton 386 of the Act and for preparing fnancial statements which give a true and

fair view of the state of afairs of the company as at the end of the fnancial year and of its incoming

resources and applicaton of resources, including the income and expenditure, for the fnancial year in

accordance with the requirements of the Companies Act 2006 relatng to fnancial statements, so far

as applicable to the company.
The members have not required the company to obtain an audit of its fnancial statements for the year in

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question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 4[th] April 2022.

Mr E Holt Chairman

Company Registration No. 07366844

COVENTRY RUGBY COMMUNITY FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

1 Accounting policies

Charity information

Coventry Rugby Community Foundation Limited is a private company limited by guarantee incorporated

in England and Wales. The registered office is The Butts Arena, Butts, Coventry, CV1 3GE.

1.1 Accounting convention

The accounts have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "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)" (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

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Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation , unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected . If the amount is not known, the legacy is treated as a contingent asset.

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

COVENTRY RUGBY COMMUNITY FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021 (CONTINUED)

1.5 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.

Charitable expenditure comprises those costs incurred by the charity in the 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 include those costs associated with meeting the constitutional and statutory requirements of the charity and include the independent examiner's fees and costs linked to the strategic management of the charity.

1.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the

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future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities

Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.

2 Critical accounting estimates and judgements

In the application of the charity's accounting policies, the trustees are required to make judgements , estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

COVENTRY RUGBY COMMUNITY FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021 (CONTINUED)

3. Grants and Donations
Unrestricte
d
Restricted
Total
Total
funds
funds
2021
2021
2021
2020
£
£
£
£
Grants 0
112,470
112,470
58,039
Subscriptions and
donations		 0
1,454
1,454
0
0
113,924
113,924
58,039
4. Investments
Unrestricte
Restricted
Total
Total

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d
funds funds
2021 2021 2021 2020
£ £ £ £
Interest receivable 0 0 0 5

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COVENTRY RUGBY COMMUNITY FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021 (CONTINUED)

5. Charitable activities
Communit
y
Wheelch
air
All Kids
Total
Total
Ofcer
Rugby
Actve
2021
2020
£
£
£
£
£
Sports camps, schools works 24,000
18,671
42,052
84,723
57,402
and community actvites
Commission 0
0
750
750
0
Hall hire 0
945
0
945
0
24,000
19,616
42,802
86,418
57,402
6. Other costs
2021
2020
£
£
Independent examiners fees 0
60
Hall hire 0
1,320
Sherbourne Fields 0
1,667
Training and development 0
95
Marketng materials 169
924
Bank charges 122
124
291
4,190

COVENTRY RUGBY COMMUNITY FOUNDATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021 (CONTINUED)

7. Trustees

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None of the trustees (or any persons connected with them) received any remuneration during the year and no expenses were reimbursed.

8. Employees

There were no employees during the year.

9. Creditors: amounts falling due within one year

2021 2020
£ £
Accruals and deferred income 1,320 1,320
10. Restricted funds
Balance at Incoming Transfers Outgoing Balance at
01/10/2020 resources resources 30/09/2021
£ £ £ £ £
Community Team 15,214 20,696 0 24,000 11,910
All Kids Actve 15,468 68,774 0 42,802 41,440
Wheelchair Rugby 2,768 24,454 9,000 19,616 16,606
33,450 113,924 9,000 86,418 69,956

The Coventry Building Employer's Charity fund represents resources donated towards the Foundation Manager and Community Officer costs.

The All Kids Active fund represents resources donated for rugby club activities in schools and Project 500.

The Wheelchair Rugby fund represents resources donated to promote wheelchair rugby.

COVENTRY RUGBY COMMUNITY FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021 (CONTINUED)
11. Analysis of net assets between
funds
Unrestricte
d
Restricte
d
funds
funds
2021
2021
£
£

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Fund balances at 30 September 2021
are
represented by:
Current assets/(liabilites)		 7,675
69,956
12. Related party transactons
There were no disclosable related party transactons during the year (2020 nil.)

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