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•sponsbiI￿eS
Independent Eyaminerfs Report
statem¢n¢ of Finanrial Actiwb"es
8107
Balart￿ Sheet
Notes lo the Finanual St8￿Ments
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 prOn￿tsn9 ¢￿tectIVe cavic I￿￿e.
SIN¢tu￿. G*￿emen¢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 In￿al inducb.on programm•. and owoing training
and support as requtred.
All trustees give their time freély and no ramuneral￿fi or expenses paid in the perie4J.
The day to day runnin9 and adrnini5tratson of the chznty Is de*ated 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 fvndrai￿ng a￿.￿lieS. The tharity d15tnbuies these funds to
wothwhile kncal thantable causes wthin the Exeter, East and Mid Devon a￿3$, wlh the aim of improving
future prospenty and promots'ng pnde. The thanty hopes to provide this through..
Ihe relief of povety..
Ihe advan¢•mènt of •ducth"on'.
the cafe of the eldefly, sick or infirm."
the support ol disadvanlaged children and larnilies".
the promotion of physi￿1, inlellectual. soc481 and spritual Wel￿n9 of indMdua￿'. and
any other tharitablè purpos•
A¢hi¢vements and perforrnonr
During Ihe period, lh• thonty has rais0(J £262,96512023 - £368.1551 from ts tharitablè aCti￿tI8$ and ha8
made distribulians of É137.251 12023. £389.0831 to over 30 worthvthile lo¢al tharita￿e 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 Un￿striCted ￿ServeS, taking Inlo c1￿$1dera1i0n the running expenses and known
liabilities ol the charity On this ba*s 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 A￿Untrng Standards Iunrted Kingdom Generally Accepted Atcounting
Practice) and ap￿1¢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 reyou￿e$ of Ihe thanty for that penod. In prepariThJ these finantial statements, the trustees
are required to.
$818Ct suitable acwunting pJiae¥ and then aFply them wiglstenly..
observe the methods and pnnopks In the Charities SORP..
make judgements and 85tlrnale5 that are reasonable and pwdent".
stste whether ap￿iCable acLounbng standards have been followed. subject to any material departures
disdosed and explained in the finanoal statements. and
prèpare the finanrjal statements on the 9ryng conwn baws unle98 rt is inappropriate to p￿sume that
the chanty wll continue In business.
Thè trustees are responsible for keeping proper a¢ci)untsng records Ihat disclose wth reasonabFe
arLuracy at any time the financsal posilian of the tharity and enable them lo ensure that the finanaal
stalerllents cornply wth the Charrties Acl 2011. Ihe Charitses IAccounts and Reports) Regulations 2008.
nd the prov¢sions of the ¢onstilution. The trustees a￿ also ￿sponsible for safeguarding the assets of VTre
chanty and hènce for tak¢ng reasonable steps for the prevention and detection Of fraud and other
irregulantie*
The trustee$ 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•gi￿atroN in OL￿r jUn￿le￿onI.
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 exarywnat￿n of the acc4Junts of Exeter Chiets Foundabon for thè year ènded
30 June 2024.
R•spon8lbllities and basis of report
A¥ the charity'5 IFuste*g ol Chi&fs Foiindation yoii ar<* r•wnwhlp lrtr th*. pr*pAfAiiAn 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 $e(lion 144121 of the Charitres Acl 2011 Ithe 2011 Act) and that
an independent examination i¥ nèeded.
I report in re5ped of my examination of the Exeter Chiets Fovndation's accounts carried out under sedion
145 01 the 2011 Ad and in Car￿n9 out my examination I have folsowèd all the applicable Diredions given
hy Ihp f.hArity r.thrnmi$*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 A￿auntantS 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 acc￿ld 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 c￿neCtIon 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 c￿scent
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 EM￿ndItUre
112.508
1116,951
229.4591
Net lexpenditure)hncAY7)e
Oross transfers bet￿en 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 Inc￿Me
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 aC￿rdar￿* with the second edition of the Charit+e8
Statement of Recommended Practice issued in Oaober 2019, Ihe Financsal Reporting Standard
#p￿1¢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 p￿Pared 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 $16rfing. %¥hicb is ihe fvnctional currency ol the thanty.
Golng con¢em
The Irustee8 COrt*der that there are no material une•rtainties about the (*antys abilty to continu• as a
going concem.
Income and •ndowmenl#
Voluntary income induding donations and lega(yes is Tecogni$¢d where Ihefe is entitlement to the
income, certainly of r•c8ipt and the amounl ¢an be measured v￿th sufficient ￿liabilty.
Investment Income
Investrnenl income IB Mcognised L¥) a receivatle ba￿9.
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 C￿￿ts of an indirecl n*ure 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 unc*rtainty 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$istent wth the usè ol resourcès. for exarnple, allocaling property costs by ftoor areas. or per capita,
staff costs by the tsme spent and other costs by their usage.
T¥ngiblg fixed assets
IfKlividual fixed a8sels cosbng £0.00 or mor• afe inth.alfy ￿e0rded at ￿91, I￿9 any wbsequent
accumulated déprtiaalion and substquenl accumulated Impainnent losses.
Oepreclatlon and amortlsatlon
Oepreciation Is provided on tangibb fixed assets ￿ a$ to write off the CA)St or valuation, le88 any
e8llmate¢J r•sidual V￿u*, 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 selUern*nt lor at
least fy¥elve months after the ￿porting date. they a￿ presented 35 non-current liabilrties.
Tr8d* ernditors are re￿nis*￿ inth.alty at the transacti￿) price and subgequenly measured at amortised
eKJst using the effec*ve 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$.
Flnancial instrum•nts
ClassMl¢atlon
Financial asseis and finanaal I￿￿"1￿￿ are re¢ogniW wh•n the Charity becom￿ a party to the
contrartual provisions of the instrument.
Finanoal liabilities and equity Instnjments are dassffied aceording lo the subsianc4 of th• C%)ntrat#ual
arrangements eniered Into. An equity 1nslrument is any contracl Ihal evidtnt*s a residual interest in the
assels ol the ehanty after deducting au of its lia￿libe3.
Recognition and Measu￿Ment
All financial assets and lia￿litIeS ar• inrtialty measured al lransath.on price linduding trOn￿dIon eostsl.
except for those finanoal asseis dassified as at fair value through profit or loys, which are Initially
rneasured at fair value (which is no￿allY the transaclion pnce exrjuding tran$adion costs). unless the
arrangement con$litules a finanong IransadKJn. 11 an arrangemeni constitutes a finanang transathion. the
financial asset or financial Iiabilty 18 Measur￿ at présant value ol the future paymènts discounled at
a rnarket rate ol Interest for a Similar debt Instrument.
Financial assets and liabilrties are onty offset in the statement of finanoal powbon vknèn, and only ¥then
there exists 8 legalty enforceable right to sel off the iecognised amounts and thè Charity intends erther to
settle on a net basis, or to realise the assei and settle the liatxlity %multaneously.
Financial assets are ￿ere￿nISed when and only when al the C￿nITaLlUal rights lo the cash flows from
the financial asset expire or are sÈttled. bl Ihe Charity transfets lo another party substantialty all ol the
risks and rewards of ownership of the finanual asset. or cl the Chanty, despite hathng retained sorne. but
not all, significant risks and reward5 of ownership. has transferred wntrol of ¢he asset to another party.
Finanaal liabilibes are der8cDJnised only when the 0￿￿all0￿ specyfieil in the contract is disd)arged.
cancelled or expl￿$.
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
To￿1
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#
D￿lonal+d
Gènèral
Total
2024
Total
2023
Ev•ni$ income.
Other events inc￿rne
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
u￿￿tricted
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•
E￿ntS 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 Re￿allOn
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 Trus1￿5 r•mun•raioon and •X￿n*
No trustees. nor any per¥ons connecAed with Ih¢m, have rKeived any remunerabon from the tharity
during the period.
No trustee5 have re￿l¥ed any reim1￿r5ed 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) ¢m￿oYa￿ 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 purpo￿5 forvthich the funds are lo be aFvkn•d arè as fol￿w9..
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 ￿'no￿le de9wnaled fund ts)n*sts 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 a*de 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 ar*￿TIeS 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 Inawes￿b&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.c￿s'.
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 C￿Ver the administration costs of the chanty.
Th& chanty •l$o pur¢h¥s•d cJt•nng facilrti•8 frorn Ex•t•r Rugby Club ￿Mrt￿o 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