Docusign Envelope ID: A8DIOFBA-A4984E&4-A884.CF8305EA032F Registered number: 07855048 Charlty number: 1146474 WHITLEY BAY ROCKCLIFF RUGBY FOOTBALL FOUNDATION LIMITED IA company limited by guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 *AOIKVSRE• 2311212024 COMPANIES HOUSE A16
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Docu8ign Envelope ID.. A8OIOFBA_A49B4EEA_ABB4.CFB3D5EA032F WHITLEY BAY ROCKCLIFF RUGBY FOOTBALL FOUNDATION LIMITED (A company limited by guarantee) CONTENTS Page Reference and admlnlstratlve detalls of the company, its Trustees and advlsers Trustees, report Independent examlnerfs report Statement of flnanclal activltles Balan¢0 Sheet Notes to the flnanclal statements 9-19
Docusign Env8lop8 ID: ABOIQFBA-A49B4EEA".ABB4<F8305EA032F WHITLEY BAY ROCKCLIFF RUGBY FOOTBALL FOUNDATION LIMITED (A company limlted by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustees Mr John McGee Mr William Reynolds Professor Philip Blylhe Mr Andrew Sugden Mr Lawrence Fletcher Company registered number 07855048 Charlty reglslered number 1146474 Reglstered offlce 49 Willoughby Drive Whitley Bay Tyne and Wear NE26 3DZ Company secretary John McGee Accountant Ryecroft Glenlon 32 Portland Terrace Jesmond Newcastle upon Tyne NE2 1QP Bankers Lloyds TS8 257 Whitley Road Whitley Bay Tyne and Wear NE26 2SY Page I
Docu8igrb Env8lope ID.. ABDIOFBA-A49B4EEA.ABB4.CFB3D5&4032F WHITLEY BAY ROCKCLIFF RUGBY FOOTBALL FOUNDATION LIMITED IA company Ilmlted by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report together with the financial statements of the Whitley Bay Rockcliff Rugby Football Foundation Limited for the year 1 April 2023 to 31 March 2024, The Annual report serves the purposes of both a Trustees, report and a directors, report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements. the requirements of the charitable companls governing document and the provisions of the Statement of Recommended Practice {SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic report requlred of mediurn and large companies under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 has been ornitted. Objectlves and actlvltles • Pollcles and objectlves The charrlable objective of the company is the promotion of communlty participatlon in healthy recreation for tho benefit of the inhabitants of Whitley Bay by the provision of facilities for playing rugby football. In setting objectives and plannlng for activities, the Truslees have given due conslderatlon to general guidance published by the Charity Commission relaling to public benefit. including the guidance 'Public benefit.. running a charity {P82)'. • Grant-maklng pollcles The trustees consider opportunities where the company can actively fulfil the charitable objective, 80 when an opportunity is deemed worthwhile, then the trustees will decide on the level of grant to award. • Maln actlvltles undertaken to further the company's purposes for the publlc beneflt During the year the charlty made dlstributlons of £21.550 (2023- £22,122) as follows: General funds £16,863 (2023 - £18,364) from the accumulated fund to Whitley Bay Rockcliff Rugby Club to support the running, training and development of mini junior, girls senior and touch rugby teams and including £nil (2023 £250) from the accumulated fund to support a member with expenses incurred in playing for the England U18 side, Restricted funds £4,687 {2023 - £3,758) from the Rockcliff Rugby Ground Fund for investment in the playing facilities at the rugby club. Page 2
Oocusi9n Envelopè IO.. A8010FBA-A49B4EEA-AB84-CF83D5EA032F WHITLEY BAY ROCKCLIFF RUGBY FOOTBALL FOUNDATION LIMITED (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achlevements and performance Key p•rfomanGe Indicalors Achievement of key financial performance indicators in the year have been pleasing with all four indicators achieved. Key financial performance indicator Target Actual Outcome Total income Gift income Donation in support of charitable actSvities Rugby Union community participation
£20,000 £38.033 Achieved £2,000 £4,000 Achieved £10.000 £21.551 Achieved 400 609 Achieved Flnanclal r•vloW • Golng concern After making appropriat8 ènquiries, the Trustees have a reasonable expectation that the cornpany has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. • Reserves pollcy At the year end the charlty had reserves lotalllng £157,921. 01 this total. £59,969 was made up of restricted funds. The trustees, five-year business plan enables them to identify on-going operational and charitable financial commitments. Consequently the company has adopted a prudent reserves policy that is Sufficient to furMI these commitments. Page 3
Docusl9n Envolope IQ.. A8010F8A-A4984EEA_A864_CFB305&A032F WHITLEY 8AY ROCKCLIFF RUGBY FOOTBALL FOUNOATION LIMITED (A company Ilmited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Structure, governance and management • Constltutlon Whitley Bay Rockcliff Rugby Football Foundation Limited is constituted under a memorandurn of association dated 21 November 2011 and is a charitable company limited by guarantee and a registered charity. • Methods of appolntment or election of Trustees The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association. • Organlsatlonal structure and de¢lslon•maklng pollcles The board of trustees is the organisational structure of the company and is Ihe decision making authority. • Flnanclal rlsk management The Trustees have assessed the major risks to which the company is exposed, in particular those related to the operations and finances of the company. and are satisfied thal systems and procedures are in place to mitigate exposure to the major rlsks. Plans for future perlods Tha future plans lor the trustees over the next few years are to: Fund Raising Maintain a rang8 of enduring fund ralslng aetlvltl8S Develop the Rockcliff Foundation Palron Programme Supporting charitable objeclives Support the growth and development of the number of people who play rugby football as healthy community recreation in Whitley Bay Grow and develop the skill set of the coaching and medical capabilities that support the community participation in rugby football in Whitley Bay Support the development and enhancement of rugby facilities in Whitley Bay Page 4
Oocuslgn Envdopg ID: ABD10FBA-A49B4EEA-A8B4QF8305EA032F WHITLEY BAY ROCKCLIFF RUGBY FOOTBALL FOUNDATION LIMITED (A company Ilmlted by guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Statement of Trust•es' r•5ponslbllltles The Trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing the Trustees, report and the financial statements in accordance with applicabl8 law and Unlted Kingdom Accounting Standards (United Klngdom Generally Accepled Accounting Practice). Company law requlres the Trustees to prepare financial statements for each financial . Under company law, the Trustees must nol approve the financial statements unless they are satisfied thal they give a true and fair view ol the state of affairs of the company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial slatements, Ihe Trustees are required to: select suitable accountlng policles and then apply them consistently. observe the methods and princlples of the Charltles SORP (FRS 102); make judgments and accounting estimates that are reasonable and prudent; state whether applicable UK Accounting Standards (FRS 102) have been followed, subjecl to any material departures disclosed and explained In the financlal statements; prepare the financial statements on the going concem basis unless it Is inappropriate to presume that the company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufflcienl to show and explain the companls transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for tsking reasonable sleps for Ihe prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees on 18 December 2024 and signed on their behalf by: g•EF2DDOA78C402.,. •DXE4ES 57487... Mr John McGee Trustee Mr Wllllam Reynolds Trustee Page 5
Dwusign Envelope ID: AB010FBA-A4984EEA-ABB¥CF83D5EA032F WHITLEY 8AY ROCKCLIFF RUGBY FOOTBALL FOUNDATION LIMITED (A company Ilmlted by guaranlee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 Independent examlnefs report to the Trusteos of Whltley Bay Rockcllff Rugby Football Foundatlon Llmlt•d (Yhe ¢ompany I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 March 2024. Responslbllltles and basls ol report As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance wlth the requirements of the Companies Act 2006 (Ihe 2006 Acr). Having satisfied myself that the accounts of the cornpany are not required to be audited under Part 16 of the 2006 Act and are eligible for independent exarnination, I report in respect of my examination of the companls accounts carried out under section 145 of the Charities Act 2011 (Ihe 2011 Act,). In carrylng out my examination I have followed the Directions given by the Charity Commission under section 145(5){b) of the 2011 Acl. Independent exarnlnerfs statement I have completed my examination. I confirm Ihat no matters have come to my attention in connection with the examlnatlon giving me cause lo bell8ve: accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or the accounts do not accord with those records; or Ihe accounts do not comply with the accounting requirernents of section 396 of the 2006 Acl olher than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part ol an independent examlnatlon. or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Praclice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102>. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. This report is made solely to the cornpanvs Trustees, as a body, In accordance With Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that l rnight state to the companls Trustees Ihose matters l am required to state to them In an Independent examinerfs report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the ompany and the companls Trustees as a body. for my work or for this report. O¢Kuild by.. Signed: Dated: 18 December 2024 3755ts111BBE491... Jon Routledge FCA Ryecroft Glenton 32 Portland Terrace Jesmond Newcastle upon Tyne. NE2 1 QP Page 6
Docusign Envelope ID: ABOIOFBA.A4984EEA-A884<F83D5EA032F WHITLEY BAY ROCKCLIFF RUGBY FOOTBALL FOUNDATION LIMITED (A company limlted by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 Restrlcted Unrestrlcted funds funds 2024 2024 Total funds 2024 Total fvnds 2023 Note Income from: Donations and legacies Investrnents 7,113 29,993 927 37,106 927 37,195 Total Incom? 7,113 30,920 38,033 37, 195 Expenditure on: Charilable activities 4,687 17,992 22,679 24.151 Total expendlture 4,687 17,992 22,679 24,151 Net movement In funds 2,426 12.928 15,354 13,044 Reconclllation of funds: Total funds brought fop4vard Net movement in funds 57,543 2,426 85,024 12,928 142,567 15,354 129.523 13,044 Total funds carrled foard 59,969 97,952 157.921 142,567 The Statement of financial actlvities includes all gains and losses recognised in the year. The notes on pages 9 to 19 form part of these financial staternents. Page 7
Docu81gn Envèlope ID: ABD10F8A-A49B4EEA-ABB4-CFB3D5EA032F WHITLEY BAY ROCKCLIFF RUGBY FOOTBALL FOUNDATION LIMITED (A company Ilmlted by guarantee) REGISTERED NUMBER: 07855048 BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Not• Current assets Debtors Cash at bank and in hand 10 17,148 141.658 18.081 125.326 158,806 143.407 Creditors: arnounts falling due within one year 11 1885) (840) Not current assets 157,921 142.567 Total assets less current Ilab51itles 157,921 142.567 Total n•t assets 157,921 142,567 Charlty funds Restricted funds Unrestricted lunds 13 59,969 97.952 57,543 85,024 13 Total funds 157,921 142,567 The company was entrtled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year In question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complylng with the requlrements of the Act with respect to accounting records and preparation of financial statements. The financial slatements have been prepared in accordance wilh the provisions appllcable to enlities subject to the small companies regime. The financial statements were approved and authorised for Issue by the Trustees on 18 December 2024 and signed on their behalf by.. 8lqn¢d by. 4DS8CE4É51574B7.. Mr William Reynolds Trustee Trustee The notes on pages 9 to 19 fom) part of these financial statements. Page 8
Docuslgn Envelope ID: A8DIOFaA.A4984EEA.A884-CF8305EA032F WHITLEY BAY ROCKCLIFF RUGBY FOOTBALL FOUNDATION LIMITED (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 General information The charitable company is a company limlt8d by guarante8 (company roglstration number., 07855048. charity number: 1146474) incorporated in England and Wales. The registered office is disclosed on page Accounting pollcles 2.1 Basls of preparatlon of flnanclal statements The financial staternents have been prepared In accordance wlth the Charits'es SORP (FRS 102) Accountlng 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) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Whitley Bay Rockcliff Rugby Football Foundation Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated In the relevant accounting policy, 2.2 Golng concem After making appropriate enquiries. the Trustees have a reasonable expeclation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial staternents. 2.3 Income All income 18 recognised once the company has entitlement lo the incorne, il Ss probable that the income will be received and the amount of income receivable can be measured reliably. For legacies, entitlement is taken as the earlier of the date on which either: the company is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate, Receipl of a legacy, in whole or in part, is only considered probable when the amount can be rneasured reliably and the company has been notified of the executor's intention to make a distribution. Where legacies have been notified to the company, or the company is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed rf material. 2.4 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in setuement and the amount of the obligation can be measured rellably. Expenditure on charitable adivilies is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs. Page 9
Docuslgn Envèlope ID.. ABD10FBA.A4964EEA.ABB4<FB305EA032F WHITLEY BAY ROCKCLIFF RUGBY FOOT8ALL FOUNDATION LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcl05 (contlnuod) 2.4 Expendlture (conllnued) Grants payable are charged in the year when the offer is made except in those cases where the offer Is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject lo conditions which have not been met at the year end are noted as a ommitment. but not accrued as expenditure. 2.5 Interest recelvable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company,, this is normally upon notification of the interest paid or payable by the Inslitution wilh whom the funds are deposited. 2.6 Debtors Trade and other debtors are recognised at the settlement amount after any trade dlscount offered. 2.7 Cash at bank and In hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 2,8 Llabllltles Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it Is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated rellably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. 2.9 Flnanclal instruments The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exceplion of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.10 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the company and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restrictéd fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. Page 10
Docusign Envelope ID.. ABDIOF8A-A4984EEA-A884-CF8305EA032F WHITLEY BAY ROCKCLIFF RUGBY FOOTBALL FOUNDATION LIMITED (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2024 Income from donatlons and legacles Restrlcted Unrestrlcted funds funds 2024 2024 Total funds 2024 Donations 7,113 29,993 37.106 Restricted Unrestricted funds fvnds 2023 2023 Total lunds 2023 Donations 7.562 29,633 37.195 Investment Income Unrestrlcted funds 2024 Total funds 2024 Total lunds 2023 Investment income 927 927 Page11
Docusbgn Envelope ID.. ABD10F8A-A4984EEA-AB64QF83DSEA032F WHITLEY BAY ROCKCLIFF RUGBY FOOTBALL FOUNDATION LIMITED (A company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysls of grants Grants to Grants to Institutions Individuals 2024 2024 Total funds 2024 Granls 21,550 21,550 Grants to Institutions 2023 Grants to Individuals 2023 Total funds 2023 Grants 22, 122 250 22.372 Analysls of expendlture on charitsble actlvltles Summary by fund lype Restrlcted Unrestrlcted funds funds 2024 2024 Total 2024 Direct costs. 4.687 17,992 22,679 Restricted Unrestricted fvnds fvnds 2023 2023 Total 2023 Direct costs 4,008 20,143 24,151 Page 12
Oocusign Envelope ID.. ABDIOF8A.M984EEA_A884CF8305EA032F WHITLEY 8AY ROCKCLIFF RUGBY FOOTBALL FOUNDATION UMITED (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysls of oxpendituro by actlvltles Grant fundlng of activltles 2024 Support costs 2024 Total funds 2024 Dlrect costs 21,550 1,129 22,679 Grant fvnding ol activities 2023 Support costs 2023 rot81 funds 2023 Direct costs 22,372 l. T79 24. 151 Analysls of support costs Total funds 2024 Actlvltles 2024 Insurance costs Annual return fees Bank charges Accountancy fees 142 13 89 885 142 13 89 885 1,129 1,129 Page 13
Docusign Envelope IO.. AB010FBA-A49B4EEA-A884-CFB3D5EA032F WHITLEY BAY ROCKCLIFF RUGBY FOOTBALL FOUNDATION LIMITED (A ¢ompany limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysls of expendlture by actlvltles (contlnued) Analysls of support costs (contlnu•d} Total lunds 2023 Activities 2023 Insurance costs Annual return fees Bank charges Accouniancy fees Sundries 142 142 13 94 840 690 13 94 840 690 1,779 1, T79 Independent examlnerfs remuneratlon 2024 2023 Fees payable to the companys independent examiner for Ihe preparation and independent examination of the companls annual accounts 885 840 Trustees. rgmuneratlon and expenses During the year. no Trustees received any remuneration or other benefits (2023 - £NIL). During the year, no Trustee expenses have been Incurred (2023 - £NIL). 10. Debtors 2024 2023 Due wlthin one year Other deblors 17,148 18.081 17,148 18.081 Page 14
Docusign Envelop? ID.. AB01oFBA-A4984EEA-ABBcFB3O5EAO32F WHITLEY BAY ROCKCLIFF RUGBY FOOTBALL FOUNDATION LIMITED (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 11. Credltors: Amounts falllng due wlthln one year 2024 2023 Accruals and deferred Income 885 840 12. Flnanclal Instruments 2024 2023 Flnanclal ass•t8 Financial assels measured at fair value through income and expenditure 141,658 125,326 FSnancial assets measured at falr value through income and expenditure comprises the bank account. Page 15
Oocusign Envelope ID.. ABD10FBA-A4984EEA-A884-CF83D5EA032F WHITLEY BAY ROCKCLIFF RUGBY FOOTBALL FOUNDATION LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 13. Statement of funds Statement of funds - current year Balance at 31 March 2024 Balance at 1 Aprll 2023 Income Expendlture Unrestrlcted funds General Funds 85,024 30.920 (17,992) 97,952 Restrlcted funds Rockcliff Rugby Ground Fund Rockcliff Capital Projects Matching Fund Rockcllff Endowment Fund Players, Benevolent Fund 4,687 36,221 10,000 6,635 5,321 1.750 14,687) 5,321 37,971 10,000 6,677 42 57,543 7.113 (4,687) 59,969 Total of fund8 142,567 38,033 (22,679) 157,921 Page 16
Do¢usKJn Envelope ID: A8D10FBA-A49B4EEA-A8BF6JDSEAo32F WHITLEY BAY ROCKCLIFF RUGBY FOOTBALL FOUNDATION LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 13. Statem•nt of funds (contlnued> Statement of funds - pr5or year Balance at 31 March 2023 Balance 81 1 April 2022 Income Expenditure Unrestrlcted funds "General Funds 75,534 29,633 (20, 143) 85,024 R•strlet•d funds Rockcliff Rugby Ground Fund Rockcliff Capital Projects Matching Fund Rockcliff Endowment Fund Players. Benevolenl Fund 3, 758 33,721 10,000 6,510 4,687 2,500 {3. 758) 4,687 36,221 10,000 6, 635 375 (250) 53,989 7.562 (4,008) 5T,543 Total of funds 129,523 37,195 (24, 151) 142,567 Page 17
Oocuswn Envelope ID: ABoIOFBA-A4984EEA-ABCFB3DSEAo32F WHITLEY BAY ROCKCLIFF RUGBY FOOTBALL FOUNDATION LIMITED (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 13. Statement of funds (contlnued) General funds Accumulated Funds - The accumulated funds of Ihe charity to support all the objectives of the Whitley Bay Rockcliff Rugby Football Foundation Limited. Restrlcted funds Rockcliff Rugby Ground Fund This reserve was established from the donation by Rockcliff Rugby Ground Limited with the speclfic purpose of improving playing facilities for Whitley Bay Rockcliff Rugby Club Limited. Rockcliff Capital Projects Matching Fund This reserve was established by an anonymous legacy donation of £20,000. A specific purpose of the legacy donation is that the legacy can be dlslributed to match fund raising efforts of Whitley Bay Rk¢liff Rugby Football Club Limited that are raised for the development of capital projects. Rockcliff Endowment Fund - The charity received a legacy of £10,000 in 2017 to provide seed funding to enable the establishment of a legacy Rockcliff Foundation Patrons Programme whereby interest from the endowment fund is available to support the charitable objectives and the capital base is available to provide secured repayable loans to facilltate and enable the advancement of new capilal projecls in support of the charitable objectives. Players, Bènevolenl Fund - This reserve was 8Stablish8d by way of a donatlon to help support members of Whitley Bay Rockcliff Rugby Football Club in overcoming serious illness or injury so that they may return lo rugby. The fund was initialed as part of the Rock4011y fundraising campaign to support Olly Liddle, with the aim of establishing a legacy capability to support club members in their time of need. 14. Summary of funds Summary of funds . current year Balance at 31 March 2024 Balancè at 1 Aprll 2023 Income Expendlture General funds Restricted funds 85,024 57,543 30.920 7,113 117.992) (4,687) 97,952 59,969 142,567 38,033 (22,6791 157,921 Page 18
Docusign Envelope ID.. A8010FBA-A49B4EEA-A684-CF63D5EA032F WHITLEY BAY ROCKCLIFF RUGBY FOOTBALL FOUNDATION LIMITED (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14. Summary of funds (contSnued Summary of funds - prlor year 8alance at 31 March 2023 Balance at l Apnl 2022 Income Expendlture General funds Restrlcted funds 75,534 53, 989 29,633 7,562 (20, 143) (4,008) 85.024 57,543 129,523 37,195 (24,151) 142,567 15. Analysls of not assets between funds Analysls of net assets betwe•n funds • current porlod Restricted Unrestrlcted funds funds 2024 2024 Total funds 2024 Current assets Creditors due within one year 59,969 98.837 (885) 158,806 (885) Total 59,969 97,952 157,921 Analysls of net assets between funds - prlor perlod Restricted Unrestricted lunds funds 2023 2023 Total fvnds 2023 Current assets Creditors due within one year 57.543 85, 864 (840) 143,407 (840) Total 57,543 85,024 142.567 Page 19