Army Rugby Union Trust
Annual Report and Financial Statements
For the year ended 31 August 2023

Army Rugby Union Trust
Legal and administrative information
Trustaes
Maj Gen JMI Bennett CBE
Brig JP Cook OBE
Maj M Wilding
Mr D McDermid
Mr A Leach
Mr J Eyre
Ms A Teasdale
MrB WEFacer
Andrew Geary
Giles Malec
Mr Wayne Burnard MBE
Maj G E Stonebridge-smith MBE
Chairman (Resigned 31105123)
Chairman (New role 011061231
Director of Community Rugby
Dirertor of Finance (Non-Trustee)
Non-Executive Director of Narketing (Reslgned 31105123)
Operations Manager ( Non-Tru5teè)
Non-Executive Director of Community Rugby
Nor¢-Executive Director of Commerce (Resigned 10102123)
Director of Representative Rugby (Appointed 01109120221
Dlrertor of Marketing (Appointed 0110912022)
Dirertor of Rugby Developrnent (Resigned 10102120231
Director of Rugby Development (Appointed 01106120231
Charlty
number
1149105
Company
number
08167993
Registered Mackenzie Building
office
FDX Lines
Queens Avenue
Aldershot
Hampshire
GUII 2LB
Audltor
DJH Audit Limite
The Glades
Festival Way
Festival Park
Stoke on Trent
staffordshire
STI 55Q

Army Rugby Union Trust
Contents
Page
Trustee5' report
Inéependent auditor's report
statement of financial activities
Statement of financial position
io
ststement of cash flows
li
Notes to the financlal statements
12-26

Army Rugby Union Trust
Trustees, report (including directors, report and strategic report)
For the year ended 31 August 2023
The trustees present thelr annual report and financial statements for the year ended 31 August 2023.
The financlal statements have been prepared In accordance with the accountlng policies set out in note I
to the financial statements and comply with the trust's governing document, the Companies Act 2006 and
"Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitie5
preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102)" (effective l January 2019).
Objectives and actlvities
The airn of the ARU is to promote and foster the game of Rugby Unlon In the Army and its civilian and
military communities in accordance with the Law5 of the Game promulgated by World Rugby rules,
regulations and byelaws issued by the Rugby Football Union (RFU).
Nothing in this constltution shall authorise an appllcation of the property of the Charlty for the purpose5
which are llot charitable in accordar)ce with section 7 of the Charities and Trustee Investment {Scotland)
Act 2D05 ènd section 2 of the Charities Act (Northern Irelandl 2008.
To meet the airn the ARU shall pursue the following objectives..
General - Provide an infrastructure for Army Rugby such that no potential participant is denied the
opportunity to playi coach or refewe at the highest level possible.
Governance - The ARU NanagemeNt Board that is voted Into office by its members annually at the
Annual Genera1 Meeting shall conduct the affairs of the Union in a financially and responsible way,
so that It remains cornpliant with the Charity Cornmi5sion and Companies House laws and as
detailed in the paragraphs below.
Representative Rugby
Select and maintain at Senior, Women's, Development Academy and
Master's levels Fifteen and Sevens team, as appropriate and agreed, to represent the Army. To
provide a standard of rugby that will develop and promote those with talent for higher honours. In
addition, the ARU shall seek to support the vvork of the UKAF Rugby Football Club Committee.
Community Rugby
Organise 4nd run annuallyi for Army clubs in the UK, the ARU Premiershi
and Championship leagues to provide a competitive element throughout the season irrespective of
the ability of the participants; the rules of these competitions are reviewed and published annually
on the appropriète page of the ARU web Site. Ln addition the ARU may approve or organise Other
competitions which support the aim of the ARU, Includlng..
The Inter Corps League Tables,
The Army Inter Corps Fifteens Champion5hipi and
The Army Sevens Tournament.
Coachlng
Maintain a formal coaching structure to improve and thereafter sustain the standards
throughout the Army and to provide a Structure for the advancement of coaches.
Referees
Maintain the Army Rugby Union Referees Society (ARURSI to improve and sustain the
standards of refereeing in the Army. To facilltate the trainingi development and advancement of
referees and to the appmpriote links with the UKAF Rugby Referee5 and other referee's societie5.
Finance
Maintain a sound financial base, thereby providing the best service to Rugby Union in
the Army, within budget, and in accordance with the priorities agreed by the Management Board.
Marketing and Engagement
Market the AKU as a positive contributor to the 'lived experience,
and the opportunities available to Army sports personnel who seek to cornpete and succeed at the
highest level they can. Where we can, offer ARU representative fixtures to be used as Engagement
Events to support the Army's INFORM and AThRACT.
Relations with the RFU
Malntèin a dose and binding relationship with the RFU, taking all
appropriate measures to promote Army Rugby at national and international levels, and seeking
opportunities to support the RFU'S community rugby initiative.

Army Rugby Union Trust
Trustees. report (including directors. report and strategic report)
(continued)
For the year ended 31 August 2023
Injury and Safery
Promote standard5 of ploy and discipllne such that all players and officials are
placed at the least posslble risk, whilst ensuring that all participating teams are fully insured via
the RFU insurance scheme.
Reviews
The Objectives of the ARU are reviewed by the Management Board, as required, and by
the Council annually. If agreed, any recommended changes are to be announced at the Annual
General Meeting. Agreed objectives baseé on paragraphs 3 and 4 above are to be promulgated to
members of Union through the Annual Management Plan.
Maintaining a diversified leaéer5hip approach the Army Rugby Union Charitable Trust maintains on
course to continue the development of the strategic plan for the period 2022 - 2025 which has
been modified, at it5 core will see the development of Military community rugby, further enhancing
the charity's role and Significance in the local military garrison communitie5. Going forward we will
do thls with a clear purpose.. To engage and inspire our rnilltary community through rugby"
ConclusiDII
The Army Rugby Unlon (ARV) trustees has considered the three year post Cgvld -19 financial recovery
plan and the declining revenue from the Army v Navy ticket sales and considers the company will be able
to meet its liabilities as they fall due over the coming 12 month, and hence these financial statements are
prepared on a going concem basis.
The ARU trustee5 acknowledge that their accounts are in a healthy state of affalrs however they will
monitor the impact of éeclining revenue frorri ticket sales and or 5ponsorshlp on the attivltles of the ARU
Charitable Trust.
Strate9i¢ report
The description under the heading5 "Achievements and performance and "Financial review" mÈet the
company law reqU1￿MentS for the trustees to present a strategic report.
Achlevements and perf0rn7ance
Financial revlew
The Trust witnessed an excess of income over expenditure for the year ended 31 August 2023 of
£139,890.
The Trust has wide powers of investment. The Director of Finance is restricted In the structure of the
investment portfolio by policy decisions made from time to time by the Trustees at the quarterly tneetings,
The overall investment policy is one of long-term capit61 growth to maintain the purchaslng power of the
Trust. The Management Board continue to endorse a revised Reserves Strategy to grow the Trust's
Reserves to cover one year's annual net operating Costs. The pollcy complies with SORP.
The ARU is controlled and directed by the Management Board which should meet at least four times a year
to monitor in year performance, to decide policy. The Managetnent Board endorses the Bnnual allocation
of funds p￿pared by the Director of Finance following internal budget screenings to representative teams,
comn)JNIty competitions and other charitable bodies as decided appropriate by the Board.
The ARU Trust employs twD pensionable permanent staff
the Director of Finance. and the
Communications Officer. The full-time Chlef Operating Officer and Assistant Operations Officer are
employed by the Army Sports Control Board, but they work dirertly for the ARU Nanagement Board.
Rlsks are considered by the Management Board and the key risk5 remain the continuing success of the
annual Army v Navy game and a loss of sponsorship. The reserve policy 15 designed to ensure that
sufficient reserves are retained to CDver at least one year of operating costs.

Army Rugby Union Trust
Trustees, report (including directors, report and strategic report)
(continued)
For the year ended 31 August 2023
Plon5 for future periods
The management board remain focused on promL)ting and governing Rugby Union in the Army through the
maintenance of stable Structures for the game that enable its successful development at all levels. This is
to be achieved by increased leve15 of funding to the communlty area of the Trust. The management board
endorsed pulicy of a balanced budget remain5 extant.
structurei governance and management
The ARU is a regulatory bodyi which Dn behalf of the President, direrts, controls, administers and
promotes the sport of Rugby Football Union within the British Army. These powers are laid down in the
constitution of the ARLI which are incorporated in Games and Sports of the Army. The objects of the ARU
are reviewed by the Management Board and specific target5 and obJ"ectives are laid down in the
Nanagement Plan, which is also comp3tible with the Rugby Football Unlon Management Plan as the
governing body for the sport.
The aim of the ARU is to promote and foster the game of Rugby Union In the Army and it5 local
communities in accordance with the Laws of the Game promulgated by World Rugby and the rule5,
regulations and byelaws Issued by the Rugby Football Union IRFU).
The ARU Management Board is responsible for managing the affair5 of the Trust, determine policy and has
full power over the use, dispositlon, and investment of ARU Funds. It meets at least four times per year
nd each Director, as listed below, takes the lea¢ on their respectlve area. The Management Board con51St
of the following appointrnents:
Chairman
Vice Chairman/RFU Council Member
Director of Representative Rugby
Director of Marketing
Dlrector of Community Rvgby
Director of Rugby Development
Non-Executive Director of Finance
Non-Executive Dirertor of Marketing
Non-Executive Director of Operations
Non-ExecutSve Director of Community Rugby
In addition to the ARU Management Board, the ARU Council acts as a forum at which all elements of the
game in the Army are represented. Affiliated clubs within the ARU are entitled to vote at the AGM. The
by-laws of the ARU can only be added to, amended, or rescinded with the consent of at least two thlrd5 of
member5 present at a General Neeting.
New appointees, induction training 15 persDnalised to meet the requirement5 of the appointee: wlth the
advent of amendments to the Trustees & Charities Acts, many serving personnel will have already receive
training/attended courses relating to the Duties of Tnjstees as part of their professional development or
have attended Trustee Training relating to other Charitable activitie5.
The majority of the ARU officials are serving British Arrny personnEI, with the exception of the ARU
secretariat. which is staffed by 4 permanent staff. the ARU Chief Operations Officer and Asslstant
Operations Officer funded by the Army Sports Control Board, and the Director of Finance an
Communications Officer funded by the charity. The majority of posts within the ARU are advertised on the
ARU website invlting volunteers to be considered for Selection. all Management Boaré appointments are
re-appointed at the AGM.

Army Rugby Union Trust
Trustees. report (including directors. report and strategic report)
(continued)
For the year ended 31 August 2023
statement of trustees, responsibilities
The trustees (who are also directors of Army Rugby Union Trust for the purposes of company law) are
responsible for preparing the Tru5lee5' Annual Report {including the st￿tegiC Report) and the flnancial
statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdorn
Generally Accepted Accountlng Practice).
Company law requires the tru5tee5 to prepare financial statements for each financial year, which give a
trve and fair vtew of the state of affairs of the charitablp company and OF the incomin9 resources and
application of resources, including the income and expenditure, of the tharitable company for that period.
In preparin9 these financial statements, the trustee5 are required to..
select suitable accounting policies and then apply them tonslstently.,
observe the methods and principles in the Charities SORP 201S {FRS ID2},'
ake judgements and estlmates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed. Subject to any
material departures disclosed and explained in the financial statement5- and
prepare the fi'nancial stotetnents on the goin9 toncern basis unless it is inappropriate to
presume that the charitable cornpany will continue in operation.
The rrustees are re5pon5ible for keeping adequaTr accountlng records that dlsclose with ￿aSonable
accuracy at any tlme the financial position of the charitable Company and enable thern to ensure that the
financial statetnents comply with the Companies Act 2006. They are also responsible for safeguarding the
a55et5 of the charitable company and hence for taking reasonable steps for the preventlon and detection or
fraud and other irregularities.
The trustees are resportslble for the maintenance and integrity of the corporate and flnancial Information
included on the charitable companys website.
Legislation in the United Kingdom governlng the
preparatlDn and dissemination of financlal staternents Tllay differ from lÈgislatlon in other jurisdictions.
Public benefit ststement
The activities undertaken by the charity further the charlty's purposes for the public beneTIt. The t￿Stee5
have had due regard to the Charity Commission's guidance on publlc benefit.
Di5c105ure of informatlon to the auditors
We, the directors of the company who held office at the date of approval of these Financial Statements a5
set out above each confirm, so far a5 we are aware, that..
there is no relevant audit information of which the cornpany's audltors are unaware. and
we have taken all the step5 that we ought to have taken as dirertors in order to make our5elve5
aware ol any relevant audit information and to establish that the company's audilors are aware or
that information.
The trustees, report, including thE Strategic report, was approved by the Board of Truslees.
IL lo IlbALLr
8rig JP Cook QBE
Chalrman
Date:

Army Rugby Union Trust
Independent auditor's report
To the Trustees of Army Rugby Unlon Trust
Opinion
We have audited the financial statements of Army Rugby Union Trust (the 'trust'l for the year enéed 31
August 2023 which comprise the statement of financial activities, the statement of financial position, the
statement of cash flows and notes to the financial statements, including significant accounting policies. The
financial reporting fvamework that has been applied in their preparation is applicable law ¥nd United
Kingdom AccoLJnting Standards, includlng Financial Reporttrng Standard 102 The Financial Reporting
standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting
Prattice).
In our opinion, the financial 5tatementS.'
give a true and fair view of the state of the charitable company's affairs as at 31 August 2023 and of
its incoming resources and application of resources, for the year rhen ended.
have been properly prepared in accordance with United Klngdom Generally Accepted Accovntlng
Practice. and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our auélt in accordance with International Standards on Audlting IUKI IISAS IUKI) and
applicable law. Our responsibilities under those standards are further described in the Auditors
responsibilities for the audit of the financial statements section of our report. We are independent of the
trust in accordance with the ethical requirements that are relevant to Dur audit of the financial statements
in the UK, including the FRC'S Ethical Stand6rd, and we have fulfilled our other ethical responsibilities in
accordance with these requirements. We believe that the audit evidence we have obtsined is sufficient an
appropriatè to provide a basis for our opinion.
Conclusions telatlng to golng concern
In auditing the financial statements, we have concluded that the trustees, use of the golng concern basis
of accounting in the preparation Df the financial statements Is appropriate.
Based on the work we have perfomied, we have not identified any materlal uncertaintie5 relating to events
or conditions that, indivldually or collectively, may cast significant doubt on the trust's ability to continue
as a going concern for a perlod of at least twelve month5 from when the financial staternent5 are
authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concem are described in
the relevant sections of this report.
other Informatlon
The Dther information comprises the information included in the annual report other than the financial
statements and our auditor'5 report thereon. The trustee5 are responsible for the other information
contained within the annual report. Our opinion on the financial statements does not cover the other
information and we do not express any fomi of assurance conclusion thereon. Our responsibility 15 to read
the other information and, in doing so, consider whether the other Information is materially inconsistent
with the financial statement5 or our knowledge obtained in the course of the audit, or otherwise appears to
be materially misstated. If we identify such material inconsistencies or apparent material misstatements,
we are required to determine whether thi5 gives rise to a material misstatement in the financial
statements themselves. If, based on the work we have pèrformed, we conclude that there is a rnaterial
misstatement of this other irbformBtion, we are required to report that fact.
We have nothing to report in this regard.

Army Rugby Union Trust
Independent auditor's report (continued)
To the Trustees of Army Rugby Union Trust
Matters on which we are required to report by exceptign
We have nothing to report in respect of the following rnatter5 in relation to which the Charities (Accounts
and Reports) Regulations 2008 require u5 to report to you if, in our opinion..
the informatlon given in the financial Statements 15 inconsistent in any material respett wlth the
trustees, report; or
sufficient accounting records have Aot been kept. or
the financial statements are not in agreement with the accounting records. or
we have not recelved all the infomiation and explanations we require for our audit.
Responsibilitles of tru5tee5
As explained more fully in the statement of trustee5' responsibilities, the trustees, who are also the
directors of the trust for the purpose LTrf company law, are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such intemal control as the
trustees determine is necessary to enable the preparation of financial statements that are free from
materièl mlsstatement, whether due to fraud or error. In preparing the financial statements, the trustees
are responsible for assessing the trust's ability to continue as a going concem, discloslng, as applicable,
matters related to going concern and using the golng concem basls of accounting unless the trustee5
either intend to liquiéate the charitable company or to cease operations, or have no reallstic alternative
but to do $0.
Audltor's responsibilities for the audlt of the finaTh¢lal statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and repert In accordance
with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial 5tstements as a whole arè
free from materlal misstatement, whether due to fraud or error, and to Issue an auditor's report that
Include5 our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an
audit conducted in accordance with ISAS (UK} wi51 always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on the
basis of these financial statements.
The extent to which our procedures aw capable of derectlng Irregularitie5, indudlng fraud, is detailed
below.
Our approach to identifying and assessing the ri5k5 of material misstatement in respert of irregularities,
including fraud and non-compliance with laws and regulations, was as follow5..
the engagement partner ensured that thè engagement team collectively had the appropriate
competence, capabilities and ski115 to identify or recognise non-compliance with applicable laws
and regulation5,'
we identified the law5 and regulations applicable to the charity through discussions with trustees
and other management, and from our commercièl knowledge and experience of the company-
we assessed the extent of compliance with the laws and regulations identified above through
making enqulries of management and inspecting legal correspondence. and Sdentified laws and
regulations were Communicated within the audit team regularly and the team remained alert to
instances of non-compliance throughout the audit

Army Rugby Union Trust
Independent auditor's report (continued)
To the Trustees of Army Rugby Unlon Trust
We assessed the susceptibility of the company's financial statements to material mlsstatement, incluéing
obtainlng an understanding of how fraud might occur, by..
making enqulries of management as to where they CL)nsidered there was susceptibility to fraud,
their knowleége of actual, suspected and alleged fraud,. and
considering the internal controls in place to mitigate risks of fraud and non-co¥npllance with laws
and regulation5.
To address the risk of fraud throLJgh mènaoement bias and override of contro15, we..
performed analytical procedures to identify any unusual or unexpected relationships,.
tested journal entries to identify unusual transactions,. and
assessed whether judgernents and assumption5 made in determinlng the accounting estimates
were indicative of potential bias.
In response to the risk of irregularities and non-compliance with laws and regulations. we designed
procedures which Sncluded, but were not limited to..
agreeing financial statement disclosure5 to underlying supportlng documentatlon;
reading the minutes of meetings of thDse charged with governance;
enqLJiring of managernent as to actual and potential litigation and claim5; and
reviewing correspondence with HMRC, relevant regulators including the Health and Safety
Executive, and the charity'5 legal advisors.
There are inherent limitations in our audlt procedures described above. The more removed that law5 and
regulations are from flnanclal transactigns, the less likely it 15 that we would become aware of non-
compliance. Auditing standards also limit the audit procedures required to identify non-compliance with
laws and regulations to enquiry of the trustee5 and other management and the inspection of regulatory
and legal correspondence, if any.
Material misstatements that arise due to fraud Can be harder to detect than those that arise from error as
they may involve deliberate concealment or collusion.
A further description of our responsibilities is available on the Flnanclal Reporting Council's website at..
https://www.frc.C*rg.uVauditorgresponsibilitie5. This description forms part of our auditor's report.

Army Rugby Union Trust
Independent auditor's report (continued)
To the Trustees of Army Rugby Union Trust
Use of our report
This report is made solely to the charity's trustees, as a bgdy, in accordance with part 4 of the Charities
(Accounts and Reports) Regulations 2008. Our audit work ha5 been undertaken so that we might state to
the charity's trustees those matters we are required to State to them in an auditorfs report and for no
other purpose. To the fullest extrent permitted by law, we do not accept or assume responsibility to anyone
other than the charity and the tharlty's trustees as a bodyi for our audit work, for this report, or for the
opinion5 we have formed.
Gary Nell Chadwick FCCA (Senior Statutory Audltor)
for and oti behalf of DJH Audit Llmited
Accountants
statutory Auditor
The Glades
Festival Way
Festiva5 Park
stoke on Trent
Stsffordshire
STI 5SQ

Army Rugby Union Trust
statement of financial activities
includlng income and expenditure account
For the year ended 31 August 2023
Unrestricted Restrlcted
funds
funds
2023
2023
Total Unrestrlcted R•strlcted
funds
funds
2022
2022
Total
2023
2022
Notes
wments
Inco
nde
Donations and
sponsorship
Charitab5e activities
Other trading activities
Investments
other income
272.882
820,639
3,651
18,575
19,493
272,882
820,639
3,65L
18,575
19,493
224,856
878,838
28,558
2,768
224,856
878,838
18,558
2,768
Totsl Income
1,135,240
1,135,240
1,135,020
1,135.020
en
Raising funds
99,537
99,537
100.570
100,570
Charitable activitie5
887,691
6,662
894,353
674,690
2.776
677,466
Total expenditure
987.228
6.662
993,890
775,260
2,776
778,036
Net gains1(Iossesl on
investments
15
11,4601
11,4601
13.6931
13,6931
Net movement in funds
146,552
(6,6621
L39,890
356,067
{2,7761
353,291
Fund balances at i
September 2022
1,713,881
142,166
1,856,047
1,357.814
144,942
1,502,756
Fund balances at 31
August 2023
1,860,433
135,504
1,995,937
1,713,881
142,166
1,856,047
The Statement of financial activities incluées all gains and losses recognis& in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities a150 complies with the requirements for an income and expenditure
account under the Companies Act 2006.

Army Rugby Union Trust
statement of financial position
As at 31 August 2023
2023
2022
Note$
Flxed assets
Tangible assets
Investment5
16
17
295,535
363,990
310.733
358.773
659,525
669,506
Current assets
Stocks
Debtors
Cash at bank and in hand
19
20
iio
1,077
24,106
1,192,000
3,488
1,385,674
1,389,272
1,217,183
Creditor5: amounts falling due
within one year
21
152.860)
130,642)
Net current assets
1.336.412
1,185,541
Total a55ets less current liabilities
1,995,937
1,856.047
Income funds
Restricted funds
Unrestricted funds
Designated funds
General unrestricted fullds
23
135,504
142,166
24
1,150,000
7LO,433
950,000
763,881
1,860,433
1,713,881
1.995,937
1,856,047
The company is entitled to the exemption from the audit requirement contained in sectlon 477 of the
CDrnpanies Act 2006, for the year ende¢J 31 August 2023, although an audit has been carried out under
section 144 of the Charities Act 2011.
The dirertors acknowledge their responsibilities for complyino with the requirements of the Companies Act
2006 with respect to accounting record5 and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions appllcable to companles
subject to the small companies regime.
statements were approved by the Trvstees on
Brig JP Cook OBE
Chalrman
Company registration number 08167993
io

Army Rugby Union Trust
statement of cash flows
For the year ended 31 August 2023
2023
2022
Notes
Cash flows from operating actlvities
Cash generated frDm operatioris
28
181,778
336.486
Lnvesting actlvities
Purchase of tangible fixed assets
Investment income received
1811
2.768
11,896
Net cash generated from investing
actlvltles
11.896
2.687
Net cash used in financing artlvlties
Net Increase in cash and cash equivalents
193,674
339,173
Cash and tash equivalents at beginning of year
1,192,000
852,827
Cash and cash equivalents at end of year
1,385,674
1.192,000
li

Army Rugby Union Trust
Notes to the financial statements
For the year ended 31 August 2023
Accountlng pollcles
Charity Informatlon
Army Rugby Unbon Trust 15 a company, limited by guarantee In the United Kingdom. In the event of
the charity being wound Upi the liability in respect of the guarantee is limited to £10 per member of
the charity. The address of the reoistered office is given in the charity information on page l of these
financial statements. The nature of the charity's operations and principal activities are described in
the Trustee's Report.
1.1 Accuunting conventiot)
The financial statements have been prepared in accordance with the trust's [governing documErit],
the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and
Republic of Ireland" I"FRS 102-1 and the Charitles 50RP "Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their accounts in accordance
with the Financial RepDrting Standard applicable in the UK and Republic of Irelané (FRS 102)"
leffertive l January 2019)- The trust is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared In sterlings which is the functional cU￿encY of the trust.
Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost conventlon, Emodified to
include the revaluation of freehold properties and to include investment properties and certain
financial instruments at fair value]. The prlncipal accounting pollcies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustee5 have a reasonable expectation that
the trust 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 financlal
statements.
1.3 Charitable funds
Unrestricted funds are avallable for use at the discretion of the trustees in furthernnce of their
charitable objectives.
Restricted funds are 5ubjert to Specific conditions by donors as t¢ how they may be used. The
purposes and uses of the restricted fLJnds are set out in the notes to the financial statements.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular
purposes. The aim and use Df each designated fvnd is set out in the notes to the financial
statements.
1.4 Incgmc
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity Is
legally entitled to the income after any performance conditions have been met, the amount can be
measured reliably, an¢J it is probable that the income will be received.
For donations to be recognised the charity will have been notified of the arnounts and the settlement
date ill writing. If there are conditions attached to the donation and this requires è level of
performance before entstlement can be obtained, then incorne is deferred until those conditions are
fully met or the fulfilrnent of those conditions 15 Wlthin the control of the charity and it is probable
that they will be fulfilled.
12

Army Rugby Union Trust
Notes to the financial statements (continued)
For the year ended 31 August 2023
Accounting policies
(Continued)
Donated faclllties and donated professional services are recognised in income at thelr falr value when
their economic benefit is probable, it can be measured reliably. and the charity has control over the
item. Fair value is determined on the basis of the value of the gift to the charity. For example, the
amount the charity would be wllling to pay in the open market for such facilities and services. A
correspondlng amount is recognisetl in expenditure.
Where practicable, gifts in kind donated for distribution to the benefidaries of the charity are included
in stock and donations in the financl31 statements upon receipt. If it Is impracticable to assess the
fair value at recelpt or if the costs tD undertake such a valuation Outweigh any benefSts, then the fair
value is recognised as a component of donations when it 15 distributed, and an equivalent amount
recognised as charitable expenditure.
Gifts in kind donated for resale are included at fair value, being the expected proceeds from sale less
the expected costs of sale. Where estimating the fair value is prncticable upon receipt it is recognised
in stock and 'lncome frDm other trading activities,. Upon sale, the value of the stock is charged
against 'lncome from othèr trading activitie5, and the proceeds are ￿CogniSed as 'lncome from other
trading activities.. Where it is imprarticable to fair value the items due to the volume of low value
items they are not recognised In the financial statements until they are sold. This income is
recognised within 'IncoMe from other trading activlties,.
Ixed asset gifts in klnd are recogni5ed when receivable and are included at fair value. They are not
deferred over the Ilfe of the asset.
Income from government and other grants are recognised at fair value when the charity has
entitlement after 3ny performance conditions have been met, it is probable that the income will be
rèceived, and the arnount can be measured reliably. If entltlement is not met, then these amDunt5
are deferred.
Income from charitable activitiès represents income generated from the 'Army vs Navy" match.
Investment income is earned through holding assets for investment purposes. It includes dividends
and interest. Where it is not practicable to identify investment management costs incurred within a
scheme wbth ￿asonable accuracy the investment income is reported net of these costs. It is included
when the amount can be measured reliably. Interest income is recognised using the effective interest
method and dividend income is recognised as the charity's right to receive payment is established.
1.5 Expendlture
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third party, it is probable that è transfer of economic benefits will be requireé in settlement, and
the amount of the obligation be measured rellablv.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs
nd shared costs, including SLJPPOrt costs involved in undertaking each activity. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs which contribute to
more than one activity and support costs which are not attributable to a single activity are
apportioned between those activities on a basis con51Stent with the use of resources. Central staff
costs are allocated on the basi5 of time spent, and depreclation charge5 are allocated on the portion
Df the asset's use,
13

Army Rugby Union Trust
Notes to the financial statements (continued)
For the year ended 31 August 2023
Accounting policies
{Continued)
1.6 TonySble fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation,
net of depreciation and any impaiment losses.
Depreciation is recognised so as to write off the cost or valuation of a55ets less their resldual values
over their useful lives on the following bases..
Leasehold land and buildings
Fixtures and fittings
Computers
25 years straight line
25Vo Straight line
25Wo Straight line
The gain or loss arlsing on the disposal of an asset is determined as the difference between the Sale
proceeds and the carrying value of the asset, and is recogni5ed in the statement of financial
ctlvlties.
The Trustees have reconsidered the useful life of leèsehold land and bulldlngs from 60 years to 25
years.
1.7 Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and
are subsequently measured at fair value at each reporting date. Change5 in fair value are recognised
in net income/(expenditurel for the year. Transaction costs are expensed as incurred.
1.8 Impairment of fixed assets
At eèch reporting end date, the trust reviews the carrying amounts of its tangible assets to determine
whether there 1s any indication that those assEts have suffered an impairment loss. If any such
indication exists, the recoverable amount of the asset 15 estimated in order to determine the extent
of the irnpalrment loss lif any).
1.9 Stock5
stocks are stated at the lower of cost and estlmated selling price less costs to complete and sell. Cost
comprises dirert materia15 and, where applicable, direct labour costs and those overhèads that have
been incurred in bringing the stocks to their present location and condition. Etems held for
distribution at no or nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimated selling price less all estimated cgsts of completion and costs to
be incurred in marketingi selling and distributlcln.
1.10 Cash and cash equivalents
Cash and cash equivalents include cash In han¢J, deposits held at tall with banks, other short-term
liquid investments with originèl maturities of three month5 or less. and bank overdrafts. Bank
Dverdrafts are shown within borrowing5 in current liabilities.
14

Army Rugby Union Trust
Notes to the flnancial statements (continued)
For the year ended 31 August 2023
Accounting policie5
(Continued)
1.11 Financial instruments
The trLJSt has elected to apply the provlsions of Section 11 'Basic Financial Instruments. and Section
12 '0ther Financial Instruments 155ues' of FRS 102 to all of its financial instrurnents.
Financlal instruments are recognised in the trust's balance sheet when the trust becomes party to the
contractual provisions of the instrument.
Financial assets and liabilitie5 are offset, with the net amounts presented in the financial statements,
when there is a legally enforceable right to set off the recogniséé amounts and there is an intention
to settle on a net basi5 or to realise the asset and settle the liability simultaneously.
Basic financlal assets
Basic financial assets, which inclu¢Je debtors and cash and bank balances, are inltially measured at
transaction prfce includino transaction costs and are subsequently carried at amortised cost Using the
effective interest method unless the arrangement constitute5 a financing transaction, where the
trdnsaction is measured at the present value Df the future receipts discounted at a market rate Df
interest. Financial assets classified as receivable within one year are not amortised.
Baslc financial IlabiliTties
Basic financial liabilities, including creditors and bank loans are initia15y 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 di5COUnted at a market rate of interest.
Financial liabilitie5 classified as payable within one year are not amort15ed.
Debt instruments are subsequently tarrled at amortised cost, using the effectlve interest rate
method.
Trade creditors are obligations to pay for goods or services that have been acqulred In the ordinary
course of operations from suppliers. Amounts payable are classified as current liabilitie5 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.
Derecognltion of financial liabllltles
Financial liabi5ities are derectsgnised when the trust's contractual obligations expire or are discharged
or cancelled.
1.12 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee'5
services are received.
Termination benefits are r@cognised immediately as an expense when the trust 15 demonstrably
ctsmmitted to terminate the employment of an employee or to provide termination benefits.
1.13 Retirement beneflts
Payments to defined contribution retirement benefit schemes are charged as an expense as they fèll
due.
15

Army Rugby Union Trust
Notes to the financial statements (continued)
For the year ended 31 August 2023
Critical accounting estlmates and judgements
In the appllcation of the trust'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 a550ciated assumptions are based on historical
experience and other factors that are considered to be relevant. Actual result5 may éiffer from these
estimates.
The estlmates and undedying a5sun)ptions are revlewed on an ongoing basis. Revisions to accounting
estimates are recognlsed in the period in which the estimate is revised where the revislon affects
only that period, or in the period of the revision and future periods where the revision affects both
current and future period5.
Donatlons and sponsorship
Unrestrlcted Unrestrricted
funds
funds
2023
2022
Donations and gifts
272,882
224,856
Donation5 and gifts
MITIE
Rugby Football Union
Attivision
DXC
SAAB Defence
Gifted assets
LEIDOS
Galvio
Veolla
KBR (UK) Ltd
other
60.000
22,382
17,500
22,500
20,000
32,000
18,133
17,500
22,500
6,009
Is.000
15,000
6,000
15,000
15,000
62,723
15,000
15,000
15,000
85,500
272.882
224,856
16

Army Rugby Union Trust
Notes to the financial statements (contlnued)
For the year ended 31 August 2023
Charitable artivities
2023
2Q22
Sporting events
Prize money
Affiliation fees
other income
8L5,589
873.769
1,200
3,800
69
4,150
990
820.639
878,838
Other tradlng activities
Unrestrlcted Unrestricted
funds
funds
2023
2022
Shop in¢ome
3,651
28,558
Investments
unrèstrlrtéd Un￿$￿￿Cted
funds
funds
2023
2022
Income fmm listed investments
Iniome from unlisted investments
Interest receivable
2,366
6,678
9,531
2,212
sss
18,575
2,768
17

Army Rugby Union Trust
Notes to the financial statements (continued)
For the year ended 31 August 2023
other income
Unrestrlcted
funds
Total
2023
2022
Royalties
19,493
Ralsing funds
Unrestrlcted Unrestricted
nds
funds
2023
2022
Fu
Hospitality
Advertising
2,710
96,827
42,118
58,452
Fundraising and publicity
99,537
100,570
99.537
100,570
18

Army Rugby Union Trust
Notes to the financial statements (continued)
For the year ended 31 August 2023
Charitable actlvities
Charitable Charltable
activlties
•ctlvltles
2022
2023
Depreciation and impairment
Sporting events
Management
Grounds and infrastrurture
Clothing formal
Tralnlng equlpment
Medlcal
Presentations
Accomodation
Messing and subslstence
Management training
Vehicle leasing
Vehicle running costs
Travel
15,200
339,423
6,680
289.115
1.496
7,205
2,600
2,301
61.600
6.800
1,206
4,348
7,562
12,374
1,326
2,687
1.271
772
11,338
5,185
3,395
7,633
600
2.687
2,347
1.267
456.870
341.548
Grant funding of activities (see note 10)
310,492
214,833
Share of support C05ts15ee note 111
Share of governance costs (see note 11)
107,854
19,137
109.587
11.498
894,353
677,466
Analy515 by fund
Unrestricted fuThds
Restricted fLJnds
887,691
6,662
674,690
2,776
894.353
677.466
19

Army Rugby Union Trust
Notes to the financial statements (continued)
For the year ended 31 August 2023
10 Grants payable
Charitable Charitable
activlties
activities
2022
2023
Grants to institution5 (7 grants)..
Academy annual grant
Senior XV annual grant
Sevens annual grant
Veterans annual grant
Womens's annual grant
ARU Referees society grant
Corps annual grant
Community annual grrant
Team glft in kind
17,828
99,259
34.251
31,354
83.102
6,808
12,161
62,265
20,229
17,757
44,849
6.000
5.544
31,028
15,000
37,890
310,492
214,833
11 Support cost5
Support Governance
2023
Support Governance
CDsts
¢05ts
2022
Staff c05tS
Postage and Stationery
Media costs
Telephone
Webslte
Insurance
Bank charges
Elettricity
Computer and software
Mi5cellaneoLts
purchases
87,160
2,492
ii,iio
837
87,160
2,492
IL,LIO
837
88,721
I,ioÈ
10,536
3.198
1.288
907
88,721
1.108
10,536
3,198
1,288
907
3S
1.4Q7
2,263
35
1,4D7
2,263
35
35
471
471
374
374
1,943
1,943
2,898
2,898
136
136
522
522
Legal and professional
19,137
19,137
11,498
11,498
107,854
19,137
126,991
109,587
11,498
121.085
Analysed between
Charitable activities
L07,854
19,137
L26.99L
109,587
11,498
121,085
20-

Army Rugby Union Trust
Notes to the financial statements (continued)
For the year ended 31 August 2023
12 Auditor's remuneratlon
Fee5 payable to the trust's audltor and associates:
2023
2022
Audit of the trust's annual accounts
15,000
9.500
Other servlces to the group
Audit of the trust's subsidiaries
3,500
Total audit fees
L5,OQO
13,000
13 Trustees
None of the trustee5 (or any persons connected with them) received any remuneration during the
year, but 2 of them were reimbursed a total of £478 travelling expenses (2022- 2 were reimburse
£624).
14 Employees
The average rnonthly number of employees during the year was:
2023
Number
2022
Number
Administrative
Employment costs
2023
2022
Wages ar)d salaries
Social security costs
Other pension costs
69,890
7,516
9.754
70,674
7,564
10.483
87.160
88.721
There were no employees whose annual remuneration was more than £60,000.
15 Net gains/(losses) on investrnents
Unrestrlcted Unrestrfcted
fund5
funds
2023
2022
Revaluation of investments
11,4601
13,6931
21

Army Rugby Union Trust
Notes to the financial statements (continued)
For the year ended 31 August 2023
16 Tangible fixed assets
Leasehold Vlxtures and
land
fittlnys
bulldlngs
computers
Total
Cost
At I September 2022
364,435
59,661
2,491
426,587
At 31 August 2023
364,435
59,661
2,49L
426,587
Depreciation and impairment
At I September 2022
Depreciation charged in the year
54,431
14,577
59,661
1,760
623
115,852
15,200
At 31 August 2023
69,008
59,661
2,383
131,052
Carrying aTnount
At 31 August 2023
295,427
108
295,53S
At 31 August 2022
310,002
731
31D,733
17 Fixed asset investments
Llsted
Unlisted
other
Investments investments Investments
Total
Cost or valuation
At I September 2022
Valuation changes
Impairment
178,955
11,460)
179,817
6,678
358,773
5,218
At 31 August 2023
177,495
186,495
363,99Q
Carrying amount
At 31 August 2023
177.495
186,495
363,990
At 31 August 2022
178,955
179,817
358,773
2023
2022
other inve5tment5 comprise:
Notes
Investments in subsidiaries
22-

Army Rugby Union Trust
Notes to the financlal statements (continued)
For the year ended 31 August 2023
17 Flxed asset investments
(Continued)
Holdlngs In excess of 5Q/o of fund value
2023
2022
Investments at fair value cownprise..
M&G Charifund Ilncomel
M&G Charifund (Accumulated)
UST COIF
38,929
138,565
186,495
41,053
137,902
179,817
363,9B9
358,772
Listed investments included above..
2023
2022
Listed investments carrying amount
185,035
178,955
18 Financial instruments
2023
2022
Carrying amount of flnanclal assets
Instruments measured at fair value through profit or1055
L77,495
178,955
19 Stocks
2023
2022
Finlshed goods and goods for resale
1,077
20 Debtors
2023
2022
Amounts falling due within one year:
Amgunts owed by subsidiary undertakings
Prepayments and accrued income
21,558
2,548
3,488
3,488
24,106
23-

Army Rugby Union Trust
Notes to the financial statements (continued)
For the year ended 31 August 2023
21 Creditors: amounts falling due within one year
2023
2022
other creéltors
Accruals and deferred income
11.881
40,979
18,108
12,534
52,860
30,642
Deferred income includes £35,000 in respect of sponsorship Income relating to next year.
22 Retirement beneflt schemes
Defined contributiDII 5¢hemes
The trust operates a defined contribution pension scheme for all qualifying ernployee5. The assets of
the scheme are held separately from those of the trust in an independently administered fund.
The charge to profit or loss in re5pett of defined contribution schemes was £9,754 (2022 - £10,483).
23 Restrlcted funds
The incorne funds of the charity include restricted fvnds E()￿PrIsing the following unexpended
balances of donations and grants held on trust for specific purposes..
Balance at
I September
2021
Resources
Balance at
expended I September
2022
Resaurces
Èxpended
Balance at
31 August
2023
Pmperty ènd equipment fund
144,942
12,776)
142.166
16.662)
135,504
24-

Army Rugby Union Trust
Notes to the financial statements (continued)
For the year ended 31 August 2023
24 Designated fund5
The income funds of the charity include the following designated funds which have been set aside out
of unrestricted funds by the trustees for specific purpose5:
BalanrE at
I SeptembEr
2021
Tran$fers
Balance at
I September
2022
TMnsfer8
Balance at
31 August
2023
Minimum capital fund
Mens tour fund
Womens tour fund
Seven5 tour fund
Capital fund
650,000
ioo,ooo
50,OOD
150,000
800,000
loo,000
800,000
loo.000
loo,000
loo,000
50,000
loo,000
loo,000
so.000
800,000
150,000
950,000
200,000
1.150.000
25 Analysi5 of net assets between lunds
Unrestrlcted Restricted
funds
funds
Tot•1 Unrestrocted Restricted
funds
funds
2022
2022
Total
2023
2023
2023
2022
Fund balances at 31
August 2023 are
represented by..
Tangible assets
Investment5
Current
asset51(liabilities)
160,031
363,990
135,504
295.535
363,990
168.567
358,773
142,166
310,733
358.773
1,336,412
1,336.412
1.186,541
1,185.541
1.860,433
135,SD4
1,995,937
1,713.8BI
142.166
1,856,047
26 Operating lease commitments
At the reporting end date the trust had outstanding commitments for future minimum le05e
payments under non-cancellable operating leases, which fall éue as follows..
2023
2Q22
Within one year
Between two and five years
448
2,687
448
448
3,135
25-

Army Rugby Union Trust
Notes to the financial statements (contlnued)
For the year ended 31 August 2023
27 Related party transactlon5
There were no disclosable related party transactions during the year12022 - none).
28 Cash generated from operations
2023
2022
Surplus for the year
139,890
353,291
Adjustments for:
Investment income recognised in statement of financial activities
Fair value gains and 1055es on investments
Depreoation and impalrment of tangible fixed assets
118,575)
1,460
15,200
12,7681
3,693
6,680
Movements in working caplt31'.
Decrease in stocks
Decreasellincreasel in debtors
Increa5e/ldecrea5el Sn creditors
967
2,792
12D.4831
16,7191
20,618
22,218
Cash generated frorn operation5
ISl.778
336,486
29 Analysis of changes in net funds
The trust had no debt during the year.
26