Charity registrkn.on number.. 1143121 Exeter Chiefs Foundation Annual Rewl and Finan Stat•mèn for Ihe Year Endld 30 June 2024
Exeter Chiets Foundation Contents Icontlnuedl Referenea and Adminislrative Details Trustees, Report 2to3 Staternent of Trustees. R•sponsbiIeS Independent Eyaminerfs Report statem¢n¢ of Finanrial Actiwb"es 8107 Balart Sheet Notes lo the Finanual St8Ments 9t020
Exeter Chiefs Foundation Reference and Administrative Detalls Charlty Registration Nurnbor 1143121 Truste•s MrA G E Rowe CBE LLO Mr K Northcott Mr M Caines MBE Mr M Astley Mf D Birij Mr K Hassan Prbnclpal Offlcfr Sandy Path Stadium Sandy Park Way Exeter Devon EX2 7NN Ae¢ount*nt Yhompson Jenner LLP 1 Colleton Crescènt Exet•r Deve41 EX2 4DG Bankers Bardays Bank PLC Page 1
Exeter Chiets Foundation Truslees, Report The trustees present Ihe annual report together wlh the financ431 statements of the Charity for the year ended 30 June 2024. i¥sion Statement lo provide the city of kxeler and rt5 5urri)unding areas wth Trust. that wll Pfomote our community and pursue the vision ol peoF4e who hve and wc¥k there. The Foundation wll acl as a fundraising body ¥wth a cKJmmitment to the ILrture prosperity ol Greater Exeter, and also as a vehide lor prOntsn9 ¢tectIVe cavic Ie. SIN¢tu. Gemen¢t •nd M•n•9em¢nt The charity wag established Ltnder the d¢daration of tnjst dated 11 April 2011 •8 an unin¢orporated assoaathon and was registered wth the charrties commission on 27 July 2011. The charity is mana9ed by the board of iruslees. There must be at least 3 truslees. Apart from the first twstee, every Irusiee will be appointed fof a tem of three years by resolubon of the Ifustees. In $818Cting Indivbduals for appe4nbn•nt as trustees. tho trust••s must have rtgard ta thè skills, knovA•dga and experience needetl for the effeebve administralth of tho Charity. New trustees are prowded v•ith an Induction pack. an Inal inducb.on programm•. and owoing training and support as requtred. All trustees give their time freély and no ramuneralfi or expenses paid in the perie4J. The day to day runnin9 and adrnini5tratson of the chznty Is deated by the bozrd to Exeter Rugby Group Ple. Public Benefit Statern¢nt The trustees confirm that they ha e£smpli*d wiu) their duty to ha duè regard to the guidane6 on public benefit published by the Charitses Comrnission. The trustees are confident that the aims and objectives of the chaiily, as set out below, ddiver a da8T wblic n•fft to th• eommunty wthin Exot•r, East and Mid Devon. Page 2
Exeter Chiets Foundation Trustees. Report {continuedl bje(ve$ The charity works wth Exeter Rugby Club Limrted and other W businesses to raise money through match day CA)Ilecbons. donations and other fvndraing a.lieS. The tharity d15tnbuies these funds to wothwhile kncal thantable causes wthin the Exeter, East and Mid Devon a3$, wlh the aim of improving future prospenty and promots'ng pnde. The thanty hopes to provide this through.. Ihe relief of povety.. Ihe advan¢•mènt of •ducth"on'. the cafe of the eldefly, sick or infirm." the support ol disadvanlaged children and larnilies". the promotion of physi1, inlellectual. soc481 and spritual Weln9 of indMdua'. and any other tharitablè purpos• A¢hi¢vements and perforrnonr During Ihe period, lh• thonty has rais0(J £262,96512023 - £368.1551 from ts tharitablè aCtitI8$ and ha8 made distribulians of É137.251 12023. £389.0831 to over 30 worthvthile lo¢al tharitae eausos. In addiliom. the trustees have designated £31,944 12023- £40.3851 at Ihe period en¢J as donations to local rAuses a9reed in pnnciple and £24,620 lor the Pasl Player 8enevolent Fund12023- £24,620) and £4,311 12023. £7.9471 for the HITZ programme fvnd. Finanfial Rewew The charity. being rnindful ol Chanty Commission guidance, aims to maximise the Of available fund8 for the benefft of the otizens of Exeter and thè SUryOLtndiftg area so far as Is commensurate wlh a prudent level of UnstriCted ServeS, taking Inlo c1$1dera1i0n the running expenses and known liabilities ol the charity On this bas the Iwstee5 oJn%d•r that T•seNes l)eld at 30 June 2024 of £86,928 12023 - £53,422) lo be appropriate. Tho annual ré was approv•d by the tru6te88 ol Ihe charity on ....... and Sign on Its behaw by.. on LLD Tru*t&. Page 3
Exeter Chiefs Foundation Statement of Truslees. Responsibilities The trustees are responsible for prepanng the trustees. report and the finanoal statement5 in accordance with the United Kingdom AUntrng Standards Iunrted Kingdom Generally Accepted Atcounting Practice) and ap1¢able and regulations. The law appli&Hble to tharites require¥ the trustees to prepare finanryal statements lor each finanoal year whith glV¢ O true end fair sryew of Ihe ?l?te of alla1 of the charity and of the incoming rosources and application ol reyoue$ of Ihe thanty for that penod. In prepariThJ these finantial statements, the trustees are required to. $818Ct suitable acwunting pJiae¥ and then aFply them wiglstenly.. observe the methods and pnnopks In the Charities SORP.. make judgements and 85tlrnale5 that are reasonable and pwdent". stste whether apiCable acLounbng standards have been followed. subject to any material departures disdosed and explained in the finanoal statements. and prèpare the finanrjal statements on the 9ryng conwn baws unle98 rt is inappropriate to psume that the chanty wll continue In business. Thè trustees are responsible for keeping proper a¢ci)untsng records Ihat disclose wth reasonabFe arLuracy at any time the financsal posilian of the tharity and enable them lo ensure that the finanaal stalerllents cornply wth the Charrties Acl 2011. Ihe Charitses IAccounts and Reports) Regulations 2008. nd the prov¢sions of the ¢onstilution. The trustees a also sponsible for safeguarding the assets of VTre chanty and hènce for tak¢ng reasonable steps for the prevention and detection Of fraud and other irregulantie* The trustee$ are responsible for the maintenance and integrty of Ihe rpOrate and finanrial information ntluded on the chzntable cornpanls web51te Legislatson goveming the preparation and disserninalion of financial $tat•m•nti may diff•r fr¢m 1•giatroN in OLr jUnleonI. Approved by ¢h lees of the tharity on...... . and wned on rts behaw by. MrAGERo Trustee E Mon LLD Page 4
Exeter Chiefs Foundation Independent Examlner's Report to Ihe trustees of Exeter Chiefs Foundation I rsport to the trustees on my exarywnatn of the acc4Junts of Exeter Chiets Foundabon for thè year ènded 30 June 2024. R•spon8lbllities and basis of report A¥ the charity'5 IFusteg ol Chi&fs Foiindation yoii ar< r•wnwhlp lrtr th. prpAfAiiAn hf th•. acu)unts In accordance wilh the requirements of Ihe Charits'es Act 2011 1.the Acl'l. You consider that an audit Is not required for this penod under $e(lion 144121 of the Charitres Acl 2011 Ithe 2011 Act) and that an independent examination i¥ nèeded. I report in re5ped of my examination of the Exeter Chiets Fovndation's accounts carried out under sedion 145 01 the 2011 Ad and in Carn9 out my examination I have folsowèd all the applicable Diredions given hy Ihp f.hArity r.thrnmi$*inn Iirylpr wlinn 1441.4llhl nf Ihp. Arj Indgp?nd?nt exarninerfs staiomènt Since Exèter Chiets Foundation's gross incorne exceeded £250.000 your examiner must be a member of a body listed in sectson 145 of th• 2011 Ad. I cA)nfimi thal l am qualified to undertake the examination because l am a member of Instiithe ol Charter¢d AauntantS in England and Wales. vthich is one of the listed bodies. I have completed my exarnination. l 0)nfimi that no malerial matters have come to my attents'on in onnection the examination giwng me cause to believe that in any material rew". 1. a¢cwnbng records were ntst képt in r•8ped of Exeter Chiets Foundation as wuired by se#ion 130 of the Act, or 2. the accounts do not accld those r•eords." or 3 the accounts do not comply wlh Ihe acwuntin9 requirefflents oinceming thè fom and enntent of atcounts set out in the Chanties IAccounlS and Reports) Regulatiot)$ 2008 olher than any requirement Ihal the accounts give a 'true and fair wev/ which is r( a matter considered part of an Independent exarnsnation. I have no eone•m8 an¢J have CLNne across no other matters in cneCtIon thè txarninats.on to which attention should be dravm in this report in order to enatAe a proper understanding of the aecounts to be reached. Mr Dave Tucker Thompson Jenner LLP Institute of charte A¢cwntants in En9kqnd and Wakns 1 Colleton cscent Exeter Devon EX2 4DG Page 5
Exeter Chiefs Foundation ststement of Financial Activities for the Year Ended 30 June 2024 Unwstricted funds D8signat8d General Total 2024 Noto Income and Endowment8 from: Donaiions and legacies Other trading activiti8$ Investment income 75.935 136.819 49.956 255 212.754 49.956 255 Total Income 75,935 167,030 282,965 Exp•ndltur• on: RaiJing lund> Chantable activrties Other expenditure lJO,9721 1164.4891 15.9981 1112.5081 151.9811 15.998 Total EMndItUre 112.508 1116,951 229.4591 Net lexpenditure)hncAY7)e Oross transfers beten fund# {36,5731 70,079 24.490 33.506 Net movement In fijnds {12,0771 45.583 33.506 Reconciliation of funds Total funds brought foward Total funds carried forward 72,952 19.530 53,422 18 60,87S 26.053 86,928 The notes on pages 9 to 20 fomi an integral part ofthese financial stalernents. Page 6
Exeter Chiets Foundation Statement of Financial Acts"vities for the Year Ended 30 June 2024 (continued) Prior year cornparativ• Unrestrfjct•d luntls Deslgnated Gener•1 Totsl 2023 Not Income and EndowTnents from- tk)nations and legaoes Olher Ira¢Jing aclivities Investment income 86,291 175,131 106.332 401 261.422 1Cfj.332 401 Total IncMe 86,291 281.864 368.155 Expondlture on: Raising funds Charilable activibeg Other èxptnditur• 181.9571 1262.1431 6.008 181.9571 1412.5921 6.008 1150.449 Total Expenditure 1 $0.449 350.108 500,557 N•1 oxpendi¢ure Gross transfers behve¢n funds 164.1581 30.456 168.2441 30.456 1132.4021 Nel rnovemenl in fund5 (33,7021 198.7001 1132.4021 Raconciliation of fund• Total funds brought forward ICfj.654 79.170 1B5.824 Total lunds carried foward 16 72.952 19.530 53.422 All of Ihe tharity'¥ adiviliety dtrivè from Continuing op•rabons dunng Ihe at)ve periods. The notes on pages 9 to 20 fonn an integral part of Ihese finanaal statements. P3ge 7
Exeter Chiets Foundation {Registration number: 1143121) Balance Sheet as at 30 June 2024 2024 2023 Nots Flxetl assets Tangible a$$els 12 1.8S7 3,745 Current assets Debtors Cash at bank and in hand 13 14 91.925 67.113 72,588 90.554 159,038 163.142 CredStor8'. Amounts lalllng due within on? 15 73,967 113,465 N•t eurrènt assèts 85,071 49,677 Net assets 86,928 53,422 Fund8 of tho Charlty: Unrestrbcted Income fund8 Unrèstndèd knnds 86.928 53,422 Total lunds 16 86.928 53.422 The finanaal stai an ents on pages 6 to 20 were appro¥ed by Ihe tnJste•s, and authtirised for i88ue on on th•r behalf by.. MrAGERo Trustee Hon LLD The notes on pages 9 to 20 fonn an integral part ol these financaal ststements. Page 8
Exeter Chiets Foundation Notes to the Financial Ststements for the Year Ended 30 June 2024 1 Accounting policle¥ General inlomation Thp pthanty was Èstablish8d under Ihe dedaration of tnjsl dated 11 April 2011 as an unincorpoTated assooalion. The Prinapal office oflhe tharity is". Sandy Park Stadium Sandy Park Way Exe¢er Devon EX2 7NN Statemont of compllance The finanoal statements have b••n pared in aCrdar* with the second edition of the Charit+e8 Statement of Recommended Practice issued in Oaober 2019, Ihe Financsal Reporting Standard
p1¢able in Ihe United kn'ngdorn And Reput4ic ol IrelanLI IFRS 1021 and the Chanbes Act 2011.
8JJl$ of proparatlon Exeter Chief5 Foundats'on meets Ihe definition of a pubfic benefft entty under FRS 102. The accounts lfinancial statemenlsl have been pPared undèr the histoncal cos¢ convention with Items recL)gni5ed at eosl or transaction value unltss olheNse staled in the relevanl naielsl to these accounts. The finantsal statements are prepar•d sn $16rfing. %¥hicb is ihe fvnctional currency ol the thanty. Golng con¢em The Irustee8 COrtder that there are no material une•rtainties about the (antys abilty to continu• as a going concem. Income and •ndowmenl# Voluntary income induding donations and lega(yes is Tecogni$¢d where Ihefe is entitlement to the income, certainly of r•c8ipt and the amounl ¢an be measured vth sufficient liabilty. Investment Income Investrnenl income IB Mcognised L¥) a receivatle ba9. Expendlture Liabilities are recA)gnised as 500n as there is a legal or )nSInICtIve obligation committing the charity to the expenditu. All expendilure Is aectsunted for on an accruals b3515 and has been dassified under headings that aggregate all sts related to th& category. Raising funds Costs of 9enerating lunds are the ¢osts assouated vthh attrathng voiuntsry Income. Page 9
Exeter Chiets Foundation Notes to the Financial Statements for the Year Ended 30 June 2024 {continuedl Charitsble aclivilies Charitabte expenditure compnses those costs inrAJrred by the charity in the delivery of its aclivities and services lor Its benefiuaries. 11 Indu¢Jes both costs that can be alk)cated direclly to such activities and thos8 Cts of an indirecl nure necessary lo support Ihem. Grantprovisions Provisions lor grants are made when the intention to rnake a grant has been communiGqted to the recipient but there is uncrtainty about either Ihe timing ol the grant cf the amount ol grant payable. Support to$ts Support C0515 indLKle traI ftjncI$ and have been allocated to ath¥ity cost categorits on a basil con$istent wth the usè ol resourcès. for exarnple, allocaling property costs by ftoor areas. or per capita, staff costs by the tsme spent and other costs by their usage. T¥ngiblg fixed assets IfKlividual fixed a8sels cosbng £0.00 or mor• afe inth.alfy e0rded at 91, I9 any wbsequent accumulated déprtiaalion and substquenl accumulated Impainnent losses. Oepreclatlon and amortlsatlon Oepreciation Is provided on tangibb fixed assets a$ to write off the CA)St or valuation, le88 any e8llmate¢J r•sidual Vu*, ovèr th•ir èxpttd•d useful èconomic life as IdI(Y.. D¥yr¥Lld114>ri iii¥lliud ri 20QA slraighl line Equipmenl Trade deblora Trade debtors are amounts due frw rJJ¥lomerg for fflerthandige Sokl or services perfom7ed in the ordinary cours• of businès8. Trade debiors are iecognised initsally ai the Iransadion prie•. They are subsequently measured at arnortised cost using Ihe effective interest melhod. less prwsion lor impaimenl. A provision for the mpaiment of trade deblors is established when there Is objective evidence that the charity wll not be able to ¢olle¢¢ all amounts ¢kn ac(x)rdbn9 to tl)e Original tems of the receivables. Cash and cash ¢qui¥alonts Lash Bnd cash equTvalenl$ comprise $h on hand and call deposits, and other short-temi highly IiquiLI Investments that are readity convertible to a known amount of cash and are subject to an insignificant risk of change in value. Page 10
Exeter Chiets Foundation Notes to the Financial Siatements for Ihe Year Ended 30 June 2024 Icontinuvd) Trad• credltors Trade dItorS are ot4igatsons to pay for goods or seThices that have been acquired in the ordinary course of business frorn supplters. Accounts payable are dassrfied 89 current Iiabilrties if Ihe does not hav¢ an unconditional n9ht, at th• ond of Ihe Teptsrtin9 priod. tn d?fpr ptripmpnt nf thg. rxp.ditnr far at least tsvelve rnonths after the reporting date. 11 there is an unconditional nght to defer selUernnt lor at least fy¥elve months after the porting date. they a presented 35 non-current liabilrties. Tr8d ernditors are renis inth.alty at the transacti) price and subgequenly measured at amortised eKJst using the effecve Interest method. Fund •tru¢tur8 Unrestricled income funds are general funds that are avaiLqble for at the Iwstees diwèts.on in furtherance ol the objecb'ves ol the charity. Designated funds are unfestricted fvndg gei ashl• for spec4fic puwe¥ at thé disuetion of Ihe tru5teg$. Flnancial instrum•nts ClassMl¢atlon Financial asseis and finanaal I"1 are re¢ogniW wh•n the Charity becom a party to the contrartual provisions of the instrument. Finanoal liabilities and equity Instnjments are dassffied aceording lo the subsianc4 of th• C%)ntrat#ual arrangements eniered Into. An equity 1nslrument is any contracl Ihal evidtnt*s a residual interest in the assels ol the ehanty after deducting au of its lialibe3. Recognition and MeasuMent All financial assets and lialitIeS ar• inrtialty measured al lransath.on price linduding trOndIon eostsl. except for those finanoal asseis dassified as at fair value through profit or loys, which are Initially rneasured at fair value (which is noallY the transaclion pnce exrjuding tran$adion costs). unless the arrangement con$litules a finanong IransadKJn. 11 an arrangemeni constitutes a finanang transathion. the financial asset or financial Iiabilty 18 Measur at présant value ol the future paymènts discounled at a rnarket rate ol Interest for a Similar debt Instrument. Financial assets and liabilrties are onty offset in the statement of finanoal powbon vknèn, and only ¥then there exists 8 legalty enforceable right to sel off the iecognised amounts and thè Charity intends erther to settle on a net basis, or to realise the assei and settle the liatxlity %multaneously. Financial assets are erenISed when and only when al the CnITaLlUal rights lo the cash flows from the financial asset expire or are sÈttled. bl Ihe Charity transfets lo another party substantialty all ol the risks and rewards of ownership of the finanual asset. or cl the Chanty, despite hathng retained sorne. but not all, significant risks and reward5 of ownership. has transferred wntrol of ¢he asset to another party. Finanaal liabilibes are der8cDJnised only when the 0all0 specyfieil in the contract is disd)arged. cancelled or expl$. Page11
Exeter Chiefs Foundation Notes to the Flnanclal Staiements for the Year Ended 30 June 2024 (continued) 2 Income from donatyons and legacles Unrestricted funds To1 2024 Total 2023 06•lgnat•d Genero1 Donations and legaues.. Foundation XV donations Bucket Cdlections an¢J Car Parking Other Donatiots$ 39.491 39,491 23,108 75.373 75,373 97,890 75.641 162.673 97,328 75,935 136.819 212.754 261.422 £75,935 12023 £86.2911 ol th• d¢)nalions T9 degiqnated and £136,819 12023.. £175,131) were general unrestricted lunds. 3 Income from othor tr•dln9 a¢tlvltl Unrostrlct•d lund# Dlonal+d Gènèral Total 2024 Total 2023 Ev•ni$ income. Other events incrne 49.988 49,956 106.332 49.9 49.956 106.332 4 Invo8¢m•nt Incom• uiirèsirfci•d funds Total 2024 Totsl 2023 D•slgnat•d G•n•ral Interest receivable and similar inetsme., Interest CeiVable on bank deposit$ 255 255 401 Page 12
Exeter Chiets Foundation Notss to the Financial Statements for the Year Ended 30 June 2024 (continued) S Expgnditure on Alslng lunds al Colts ol gènernling donations and leg•cle8 utricted Total 2024 Total 2023 D•slgnat•d G•nernl Marketing and publitjty Other direct costs of generating voluntary incom• 1,218 1.218 1.407 1.025 1,025 6,715 2.243 2,243 8,122 bl Colts ol tradln9 ¥Ctlvltlg¥ Unr•$trlct•d fvnds 0•$19n•t¢d General Tot*1 2024 Total 2023 Not• EntS and rAMferences 56.729 56.729 73,835 ,729 56.729 73.835 Total 2024 Total 2013 Olroc¢ co•¢s Costs of generating donations and legati•8 Costs ol trading activitie¥ 2.243 56.729 2,243 56,729 8.122 73.835 58.972 58.972 81.957 Page 13
Exeler Chiefs Foundation Noto5 to the Financial Statements for the Year Ended 30 June 2024 Icontinuedl 6 Expendltum on charitsble activitios Unrestricted funds 09slgna¢e General Totsl 2024 Total 202J Nots Players bènèvolènt fund HITZ programmts Grant lunding of adivilies Staff eo$ts 6,627 4.198 6.627 4,198 9,119 1n1.+3A3 1.37 ?.41 18.413 -IRq nR.I 14.390 16.413 112.508 51.981 164.489 412.592 7 O¢h¢r exp•ndltur• Unr•stricied lunds D•8Sgnatod Gen•rnl Totsl 2024 Totsl 2023 Oepreryation. amortt'sation and other similar costs Olher resources expended 2.335 3,663 2.335 3,663 2.246 3.762 5,998 5,998 6,008 e Gran¢4n•klng Analy818 of grants Grants to Instltutlon8 2024 2023 Analys18 Education Medical researdb and support Soual weL¢a Swal weware and education through sport Soa'al welfare for the elde 1,689 23.329 25.898 80.393 5.942 7,224 161.738 95.825 121.804 2,492 137,fj51 380,083 Pa9e 14
Exeter Chiefs Foundation Notes to the Flnanclal Statements for the Year Ended 30 June 2024 {continuedl 8ekn¥ are details of material grants made to inststubons by the charrty. 2024 2023 Nam• of inslfitutlon Adventure I herapy Age UK Balk)ons Brain Turnour SupN)rt Childrens Hoswce South West Chulmlei9h ReallOn Oream-A-Way Exe Sailing Club Exeter Athletsc RFC Exeter Dementia Ad Exeter Food Action Exeter Hockey Club Exeter Leukaemia Fund Exeter Lion8 Club Exmouth RFC Exmoor Calvert Trugl Exmoulh Gateway Club Farms for City Children FearfTe¢ FORCE HITZ Hollow Lane Club Hospiscare Its in tre ba9 Jay's Julian Hou Kingscare League ol Friends Living Options Devon Maddls Mark Men In Sheds Mix - Scarfètts MNDA Exeter Moretollhampstead Swimmirvj Pool MS Centre My Name5 t)oddie Other Srnall 9rants RDE NHS Trust 5.942 1,188 2.752 1,876 7,841 2,972 1.824 5,000 7.336 12.000 45.366 1.151 43.000 3.500 2.634 6.542 2,800 4,879 8,898 2.500 1.939 4.503 2.698 4,100 3.133 1.751 2.252 18.911 2,229 3.818 84.000 5.959 39.026 1,439 3,502 I,)0 7,SOO 1,376 2,492 1,126 2.502 400 10,000 1,891 5,000 8.477 2.026 1,878 Page 15
Exeter Chiefs Foundation Notes to the Financial Statements for the Year Ended 30 June 2024 Icontinuedl Royal Marines Chanty Seachange Oav¢ See the Future South West Bbod Bikes St Pelrocs St Sioknells Centre Stanley Beau Foundation Swvania Community Store5 The Children8 Souety Thorverton Cnd(et Club Topsham Rugby Club Vranch House Weslcountry Hawks Wh••khair Rugby Wingsmith Wilhycornbe RFC Woocsen Spoon Devon YMCA Exet•f Yoga for Ihe Fronusne 11.801 2,702 3.248 2.026 1.876 1,000 1,985 29,000 1,824 2.oc 1,126 1.000 3.50Q 9,000 1,891 1.689 1.314 1,200 25,000 8,131 9.169 2.000 1.421 389,083 2,000 137,251 9 Trus15 r•mun•raioon and •Xn* No trustees. nor any per¥ons connecAed with Ih¢m, have rKeived any remunerabon from the tharity during the period. No trustee5 have rel¥ed any reim1r5ed expenses or any cther bentffts frorn the charity durin9 the period. Donatron¥ rnade by the Irvstee3 wth(yJt any wndilions atta totalled £75 lor ihe year12023 - £Nill. 10 Staff costs The aggregate payToII costs wer• as folluws. 2024 2023 staft cost8 during the year Te.. Wages and salaries 16.413 14.390 The monthly average number of persons linduding senior mana9emeni i adershiP team) emF4tsyed by the chanty durina the year expressed as full time eouivalÈnts was a8 follows" Page 16
Exeter Chiefs Foundation Notes to the Financlal Statements for the Year Ended 30 June 2024 Icontinued) 2024 2023 No Administratbon Nt) ¢moYa received emolum¢nta of morc than £60,¢)00 4Yuring the yaar 11 Taxation The chanty is a re9i$18f•d tharity and 15 thereforè èx•mpt from ta¥alK>n. 12 Tanglble fixed a88ots Fumrturo ond •quipm•nt Totsl Cost Al 1 July 2023 Additions 11.232 447 11.232 447 At 30 June 2024 11.679 11.679 Depreclatlon At 1 July 2023 Charge for the y•AT 7.487 2.335 7.487 2,335 At 30 June 2024 9,822 9.822 N•t book ¥alu8 At 30 June 2024 1,857 1.857 At 30 June 2023 3.745 3,745 13 Debtors 2024 2023 Tiade debtors Othèr debtorB 13.860 78.065 680 91.925 72,588 14 Cash and cash •quivalet)ts 2024 2023 Cash at bank 67,113 90.5S4 Page 17
Exeter Chiets Foundation Notes to the Financial Statements for the Year Ended 30 June 2024 (continued) 15 Creditors.. arnounts falling due withon one year 2024 2023 Trade credrtors Other creditors 5.922 68.045 38.635 74,830 73.967 113,465 16 Funda Balance at 30 June 2024 Balance at 1 July 2023 Incorning source• Resourc•• •xponded Transf¢r• Unre8tricted fund# Gener81 Unre$lncled income lund {19.S301 187.030 1118.9511 124.4981 26,053 Deslgnated Exeter Rugby Club match day bucket and car pathing donations Oonations agreed in pdncaple Past Player Benevolent Fund trIITZ programme fund 88.748 {68.04SI 133.6381 16.6271 14.198 112.508 (7011 25.197 40.385 24.620 7.947 31,944 24,620 4.311 6,627 562 72.952 75.935 24.496 60.875 To¢01 fund$ 53.422 229,459 86,928 Pagè 18
Exeter Chiets Foundation Notes to the Financial Statements tor the Year Ended 30 June 2024 {contlnuedl Balancè at 30 June 2023 BalanrA at 1 July 2022 Incorning Resourc resources •xpend Transfors Unmstrlcted lunl General Unrestri¢ted ineome fund 79.170 281.864 {350.1081 (30,4561 119.5301 Deslgnated Exeter Rugby Club matth day ai)d Gar parking donations Donations aqr•èd in prinL?ple Past Player 8ènevolent Fund HITZ programme fund 1.618 91.500 7.120 8.418 75.641 174.8301 186.5001 12.4291 15.385 17.500 40.38S 24.620 7.947 10,650 19.1191 106.654 86,291 150,449 30.456 72,952 Total fund• 185,824 368.155 500.557 53,422 The specific purpo5 forvthich the funds are lo be aFvkn•d arè as folw9.. Unre¥tncted funds compn'se those lunds %thiL the trustees a free tts ua• in accoTdancA wth th• chantable obje(as The rnalch day bucket and Car parking donalths designated fvnd relalès to the collections by and subsequent distributions ¢0 nominated chanlies. Any unused matth day bucket and car parking donations are transferred lo the general fund fof distributicffj to tsther causes. The donatms agreed in 'nole de9wnaled fund ts)nsts of ¢Jw1$ whith hav• been agreed in principle. but not finaliMd al the period end dale. The designated past player bènevc4ent fun(1 is a reserve ade to promde assistancé, if neaded. to fomer players of the Exeter Chiefs. The designated Hitz donations have beèn instrumental in enabling the Hitz programme. an educabonal programme run by the Exetef Chiefs Ctsmmunity and for 16- lo 24-year-olds nol in education. employmenl or training the chance to provide ar$ array of valuable arTIeS and experiences for siudenls Fostering not only their phy3ic21 well-being bul also their personal and soual development. ThaNk5 to these donabons, the programme has been equipped wih the necessary resourc£5 and equipment to offer diverse physical Jclivty experierKes. This finanrial bad(Ing has been pivotsl it) ensuring that the programme ujntinues to •nrich the live$ of students by offering them qjportunities that rnight otherwse have been Inawesb&e. Page 19
Exeter Chiefs Foundation Notes to the Financial Statements for the Year tnded 30 June 2024 Icontinuedl 17 Analysls of ntt assets betW8•n funds Total fvnds at 10 Jijn Unrtstrittèd funds G•ner31 D88ignaied 2024 Tangible fixed assets Current assets Current liats'litres 1.857 30,118 15.922 1.857 159.038 3.967 128.920 68.045 Total net assets 26.053 60.875 86,928 Total funds ai 30 Jun• 2023 Unrestri¢ted fvndg General Oesignated Tangible fixed assets Curront 35setS Current Iiatslitr'es 3.745 tS.360 38.635 3.745 163.142 113,465 147.782 74.830 Total nel assets 19,530 72.952 53.422 18 Relatsd porty transactlons During the year the chanty made th• fe41¢)wng T•iatèd party tran5ath.cs'. Mr AGE Row8 CBE (Direclar of Exeter Rugby Club Ltmrtedl Mr AGE R<)wè CBE is a150 a director of Exeter Rugby Club Limrted. Dvring Ihe penad thè eharity paid £13.488 12023 - £14,246110 Exeter Rugby Club Limileil lo CVer the administration costs of the chanty. Th& chanty •l$o pur¢h¥s•d cJt•nng facilrti•8 frorn Ex•t•r Rugby Club Mrto Jmovntrng 10 £31,591 12023 - £24,413). induding lo host Ihe Emeier Chiefs Foundation Chrislmag Lunth and Boxing evenl At e period end. £5.265 12023 - £36.8911 was due lo from Exeter Rugby Club Limrted. Exeter Ru9by Club Lirniled had a cornpany loan at 30 June 2024 of £78,(5 12023 £71.9081. At the balance sheet date the amount dut tolfrorn Mr AGE R(we CBE was £Nil 12023- £Nill. Page 20