2024-08-31-accounts

REGISTERED COMPANY NUMBER: 08167993 (England and Wal£4) REGISTERED C￿4RITy NUMBER: 114910S Rep)rt of the Tnths and Financial Ststernents for the Year Ended 31 August 2024 for Army Rugby Union Trust Turner & Co RegiSter￿j AuditOTS Chartered Accountants loa White Hart Patade London Road Blackwater Camberl¢y Surrey GU179AD

Amiy Rugby Union Tn Contcnts of the Financial Statements for the Year Ended 31 August 2024 Page Re￿￿rt of the Trustees I to 7 8 to 11 Siatement ofFinancial Activities 12 Balanc¢ Sheet 13 to 14 Cash Flow Statement 15 Notes to the Cash Flow StatenTht 16 Notes to the Financial Ststements 17 to 26 Detailed Statement ofFin8nci81 Activities 27 to 29

Army Rugby Union Tntst Rep)rt of the Trustees for the Year Ended 31 August 2024 The trLL8tees who a￿ also directors of the charity for the pur￿SeS of the Companies Act 2006, present their TepKIrt with the f￿￿￿la1 statements of the charity for tbe year ended 31 August 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Reconwnended Practice applicable to CI￿ltieS preparing their accounts in accordance with the Financial ReN)rting Standard applicable in the UK and Republic of Ir¢land (FRS 102) {¢ff￿tive I January 20I9). Page I

Am]y Rugby Union Trust Rewt of th¢ Tn￿le¢S for the Year Ended 31 August 2024 ORIECTIIQS AND ACTIVITtES Objective5 and aims Th¢ aim of the ARU is to promote and foster the game of Rugby Union in the Arniy and its civilian military communities in a¢cordan¢e with the Laws of the Game promulgated by World Rugby ndes, regulations and bylaws issued by the Rugby Football Union (RFU). Nothing in this constitution shall authorise an application of the property of the Charity for the pwpos¢s which are not charitable in accordance with section 7 of the Charities and Trustees Investrnenl (Scotland) Act 2005 and Section 2 of the Charities Act (Northern Ireland) 2008. To meet thc aim the ARU shall pursue the following objectives.. . General - Provide an infr&stwctur¢ for Amy Rugby such that no ￿tential partiCiFkRnt is denied the opportunity to play, coach or referee at ￿ highest Icvel wssible. . Governance- The ARU Management Board that is voted into office by its members annually at the Annual G¢neral Meeting shall conduct the affairs of the Union in a fina￿1allY and res￿)nsIbl¢ way, so that it remains compliant with the Charity Commission and Companies House laws and as (ktsiled in the pardgraphs below. Represcntative Rugby- Select and maintain at Senior. Women's. Development Academy and Master's l¢vels Fifteen and Sevens leam, as appropriai¢ and agreed. to represent the Arniy. To provide a stsndard of rugby that will develop and promote those wtth talent for higher honours. In addition, the ARU slwll seek to SUp￿rt the work of the UKAF Rugby Football Club Comrnittee. . Community Rugby - Organise and rLm annually, the Amiy clubs in th¢ UK, the ARU Premiership and Championship leagues to provide a comwitive cl¢ment throughout thc season irrespective of the ability of the participants" th¢ n]les of thess ¢ompetiiions are reV1¢w￿ and published annually on the appropriafr page of the ARU web site. In adth'tion the ARU may approv¢ OF organise other competitions which support the aim of the ARU. including.. . The Inter Cotys Leagu¢ Tables The Arniy Inter Corps Fifteens Championship, and The Amiy sevens TournamenL Coaching - Maintain a forn￿1 coaching structlwe to improve and thereafter sustsin the standards throughoul the Arniy and to provide a structure for the advancement of coaches. Referees - maintsin the Arnly Rugby Union Referees Society {ARURS) to improve and sustsin the standards of refereeing in the Anny. To facilitate the training. development and advancement and referees and to the appropriat¢ links with th¢ UKAF Rugby Referees and other referee's societies. . Finance - maintain a sound financial bas¢, thereby providing the best service to Rugby Union in the Arniy. within budget, and in accordance with the prioriti¢s agreed by the Manag¢m¢nt Board. Page 2

Arnry Rugby Union Trust Report of the TnLStees for the Year Ended 31 August 2024 . Marketing and Engagement - Market the ARU as a N)sitive contiibutor to the 'lived exp¢rience' and the opp)rtunities available to Arniy sports personnel who seek to COrnFle and succeed at the highest level they can. Where w¢ w, offer ARU representats've fixtures to be ￿Sed &8 Engagement Events to supp)rt the Arniy's INFORM &nd A TTRACT. R¢lations with th¢ IiFU- Maintain a closc and binding relationship with the RFU, taking all appropriate measu￿5 to promote Arniy Rugby at national and international level4 and seeking opportunities to support the RFU s community rugby initiative. . Injury and Safety - Promotc standards of play and disciplin¢ such that all plaY￿S and officia]s are placed at the least tx)ssible risK whilst ensuring that all partt¢ipating teams are fully insured via the RFU insurance scheme. Reviews- The Objectives of the ARU are reviewed by the Management Boarf as required, and by the Council annually. If agreed. any recommended changes are to be announced at the Annual General Meeting. Agrecd objectives based on paragraph 3 and 4 above are to be promulgated to members of Union through the Annual Management Plan. Maintsining a diversified leadership approach the Anny Rugby Union Charitable Twst maintains on cours¢ to continue the development of the stralcgic plan for the ￿lod 2022-2025 which has b¢¢n modified, at its core will s¢¢ the development of military community rugby. further enhancing the charity's role ans significance in the local miliw garrison commurntses. Going fonvard we will do this with a clear purpose. "To en8age and inspire our military Community through tugby." Conclusion The Arniy Rugby Union (ARU} twstees has Consider￿ the three year post Covid 19 financial recovery plan and the declining revenue from the Arniy V Navy ticket sales and considers the compaJ)y will be able to meet its liabilities &8 thcy fall due over the coming 12 rnOn￿ and hence these financial stat¢ments are prepared on a going concern basis. The ARU tn￿te￿ acknowledge that their accounts are in a healthy state of affairs however they will monitor the impvact the impact of declining revenue from ticket sales and or sponsorship on th¢ activities of the ARU Charitable Tnjst. ST114TEGIC REPORT Financial position The TnLSt witnessed an excess of incom¢ over expenditure for the year end￿ 31 August 2024 of £85,960. Inv&gtment policy and objectives The Twst has wide wwers of inv¢stmenL The Director of Financ¢ is r¢stricted in the stNctur¢ of the investhlcnt portfolio by ￿l1¢Y decisions made from time to time by the Trustres at the quarterly meetings. The overall investment p)licy is on¢ of long-tenn capital growth to maintain the purchasing power of the T￿￿t. Page 3

Arniy Rugby Union T￿￿t Report of the Tn￿ee8 for the Y¢ar Ended 31 August 2024 STRATEGIC REPORT Financial review Reserves policy The Management Board continue to endorse a Tevised Reserve Stralegy to grow th¢ Tr￿￿5 Reserves to cover on¢ y¢afs annual net operating COS￿ The policy complies i%ith SORP. The ARU is Controll￿ and directed by th¢ Management Board which should meet at least four times a year to monitor in yw kxrfornwice. to d¢cid¢ p)licy. The Management Board endorses the annual allocation of funds prepaT¢d by the Director of Finance fojlowing int¢mal budget screenings to representative teams, community comp¢tittons and other charitsble bodies as d¢¢ided appropriate by the Board. The ARU Trust employ5 two pensionable pernianent Staff. the Director of Finance, and the communicatio￿ Officer. The full-time Chief Operating Officer and Assistant Operations Officer are employed by the Arniy SFK)rts Control Board, but they work directly for the ARU Management Board. Financial and risk maDagement Objectiv￿ and policie5 Risks are considered by the Management Board and the key risks remain the continuing success of the annual Anny v Navy game and a loss of sponsorship. Th¢ r¢serve PKfrlicy is designed to ensure to that sufficient reserves ar¢ r¢lained to cover at least one year of opcrating cost. Future plans The management board remain fOc￿sed on promoting and governing Rugby Union in the Arniy through the maintenance of stable structures for the game that enable its successful development at all levels. Thi5 is to be achieved by increase levels of funding to the community area of the Tn￿t. The management board endorsed policy of a balanced budget remains extant. STRUCTURE. GOTrTRNANCE AND MANAGEMENT Governing document The charity is controlled by its goveTning document. a deed of trus( and constitutes a limited ornpany, limited by guarantee, as defined by the Companies Act 2006. Pag¢ 4

Army Rugby Union Trust RepK)rt of th¢ Truste¢s for th¢ Year Ended 31 August 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Org4ni$8tional structhre The ARU Management Board is responsible for managing the affairs of the TrusL deterniine FM)Ii and has fi￿1 pow¢r over the use. disposition and invesknent of the ARU Funds. It meets at least four times ￿ year and each Director. as listed below. takes the lead on their r¢sFctive area. The Management Board consists of the following appy)inlments". Chairnwi Vice Chainnatv RFU Council Member Director of Representative Rugby Director of Marketing Director of Community Rugby Director of Rugby Development Non-Executive Director of Fi]Jance Non-Executive Director of Marketing Non-Executive Director of Owations Non-Executive Director of Community Rugby In addition to the ARU Management Boar(L the ARU Council acts as a fonun at which all elemenls of the game are representc(L Affiliated club& within the ARU are entitled to vote at the AGM The bye-laws of the ARU can only be added to. amende4 or rescinded with the consent of at least two thirds of the members pr¢sent at a General Meeting. Induetion and training of new trnstees New appx)intees' induction training is ￿sOnalIsed to meet the requircments of the ap￿intee.. with the advent of amendments to the Trustees & Chwities Acts,many serving personnel will hav¢ aIready receiv￿ traininglattended courses relating to th¢ Duties of Trustees as part of their prof¢ssional development OT have attended Trustee Training relating to other Charitable activities. The majority of the ARU otTicials are se￿ing British Arniy Ftrsonnel, with the exception of the ARU secretariaL wthich is staffed by 4 permanent staff. the ARU Chief Operations Officer and Assistant Owations oificer, funded by the Amiy Sp)rts Control Board, and the Director of Finance and Communications Officer funded by th¢ charity. The majority of posts within the ARU are advertised on the ARU website inviting volunteers to be considered for selection.. all Managem¢nt Board appoinknents are re-appointed at the AGM. REFERENCE AND ADMINISTRATIVE DETAIts Registered Company number 08167993 (England and Wal&g) Registered Charity number 1149105 Page 5

Anny Rugby Union Trust Rwrt of the Trustres for the Year Ended 31 August 2024 Registered office Army Rugby Union Mackenzie building Fox Lines Queens Aven Aldershot Hampshire GUII 2LB Trustees J Cook Ob¢ Phd Ch￿[ Person A Geary Hm Forces G Male¢ Hm Forces Major G E Stonebridge-smith MB Hm Forces A Teasdale Operations Manager M Wilding Hm Forces Company Seeretsry Auditor Turner & Co Registered Auditors Chartered Accountants loa White Hart Parade London Road Blaclavater Camberley Surrey GU17 9AD STATEMENT OF TRUSTEES, RESPONSIBILITIES The truslees (who are also the dir￿torS of Arn]y Rugby Union Tn￿ for thc purFoses of company law) are restN)n8ible for prep￿ing the Rewrt of the TnLStees and the financial statements in accoTdance with applicable law and United Kingdom Accounting Standar(18 (United Kingdom Generally Accepted Accounting Prathlce). Page 6

Anny Rugby Union Trnst Re￿rt of the Truste¢s for the Year Ended 31 August 2024 sTATEmE￿r OF TRUSTEES, RESPONSiBILrriES- eontinued Company law requires the trustees to yepare financial statemcnts for each financial yeaT which give a true and fair view of the state of affairs of the charitsble company and of th¢ Incomi￿ resources and application of resources, including the income and ex￿ndIture, of the charitable company for that Ftnod. In preparing those financial statements, the trustees are required to s¢lect suitable accounting ￿licIeS and then apply them consistently. obSe￿e the methods and principles in the Charity SORP. make judgements and estimales that are Teasonabl¢ and prudenL state whether applicable accounting standards have been followel subject to any material departtlles disclosed and explained in the financial statem¢nts' pr¢pare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in busincss. Th¢ trustees are resp)nsible for keeping prn￿ accounting records which disc105¢ with reasonable accuracy at any time the financial position of the charitable company and to enable them to ¢nsure that the financial stal¢ments comply with the Companies Act 2006. They are also resp)nsible for safeguarding the &ssets of th¢ charitable company and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees arc awarc.. there is no relevant audit infomiation of which th¢ chaTitsble company's auditors are unaware. the thistees have taken aIl steps that they ought to have tsken to make themselves aware of any levant audit ]nforn￿tion and to establAsh that the auditors are aware of that mforn)atiotL AUDfToRS The auditors. TUn￿r & Co. will be proposed for re-appointment at tb¢ forthcoming Annual General Meeting. Rewrt of the trustees. inco the company directors. on .. rating a strategic report. approved by order of the board of trustees, . and signed on the board's behalf by: J c￿)k Obe Phd- Trustee Page 7

Rep)rt of the Independent Auditors to th¢ Memb¢rs of Arn]y Rugby Union Tn Opinion We have audited the financial statements of Amiy Rugby Union Tn]st (the 'charitable company,) for the year ended 31 August 2024 which comyise the Statement of Financial Activities, the Balanc¢ SheeL the Cash Flow Statement and notes to th¢ financial statements, including a summary of significant acci)unting p)licies. The financial reporting framework that has be¢n applied in their preparation is applicable law and unit￿ Kingdom Accounting Standards (United Kirtgdom Generally Accepted Accounting Practice). In our opinion the financial 5tat¢mcnts: givc a true and fair view of the state of the charitable company's affai￿ as at 31 August 2024 and of its incoming resourccs and application of resourcu, including its income and expenditure, for the year th¢n end¢d. have been properly pr¢pared in accordan¢¢ WAth United Kingdom Generally Accepted Accounting Practice" and have been prekmred in accordance with the requirements of the Companics Act 2006. B&8is for opinion We conducted OUT audit in accordance with Int¢mational Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standaTds are fillther described in the Auditors, responsibilitie5 for the audit of the financial statements section of our Tewrt. We are independ¢nt of the charitable company in accordance with the ethical Tequirements that are relevant to our auth't of the fmancial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical reS￿nSIbIlitieS in accordance with these requirements. We beli¢ve that the audit evidenc¢ we have obtsined is sutFicient and appro￿la* to provide a basis for our opinion. Conclusions relating to going concern In auditing the fllw]cial statements. w¢ have concluded that the tr￿SteeS, use of the going concern basis of accounting in the preparation of the financial statements is appropnate. Based on the work we have pKrfonne4 w¢ have not id¢ntified any material uncertainties relating to event5 or conditions that, individually OT coll¢ctively, may c&8t Si￿lificant doubt on the charitable company's ability to continue &$ & going concern for a p¢riod of at least twelve month5 from when thc financial statements are authorised for issue. Our Tesp)nsibiltti&s and the responsibilities of the trust¢¢s with reS￿¢t to going concern are described in the relevant sections of this report Page 8

Rewrt of the Indewident Auditors to the Member5 of Arniy Rugby Union Trust Other information The trustees are Tesp)nsible for the other inforniation. The other information comprises the infom]ation included in the Annual Re￿Tl other than the financial ststements and our Report of the Independ¢nt Auditors th¢r¢on. Our opinion on th¢ financial statements does not cover the other inforniation and, ¢xc¢pt to the extent otherwise explicitly stated in our reFM)rt. w¢ do not exwess any forni of assurance conclusion thu¢on. In connection with our audit of the financial statements. our reswnsibility is to read the other infom)ation and. in doing so, consider wheth¢r the other inforniation is materially inconsistent with the financial staternents or our knowledge obtained in the audit or oth¢rwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misslatements, we are required to detern)ine thether this gives rise to a material misstatement in the financial ststements themselves. If, b￿ed on the work we have perfonn¢d, we conclude that th¢r¢ is a material misstatement of this other inforniation. we are required to rwrt that fact. We have nothfrng to reFrf)rt in this regard. Opinions OD other matters prescribed by the Companies Act 2006 In oui opinion, based on the work undertaken in the course of the audit.. the infomiation given in the Report of the Trustees for the financial year for which the financial ststements are prepaT¢d is consistent with the financial stalemenls. and the Report of th¢ Trustees has been prepared in accordance wlth applicable legal requirements. Matters on which we Vdre required to report by exception In the light of th¢ knowledge and undetstanding of the charitable company and its environment obtained in the course of the audit, we have not i(kntified material misstatements in the Re￿rt of the Trustees. We have nothing to report in r¢spect of the following matters where the Companies Ad 2006 requires us to report to you if, in our opinio adequate accounting records have not been kept or returns adequate for OUT auth't have not been received from branch¢s not visited by ￿. or th¢ financial statements are not in agrcement with the accounkng records and returns. or certain disclosures of trustees, remuneration specified by law are not made. or w¢ have not received all the ll￿OrnYdtion and explanations w¢ r¢quire for our audiL Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsilyilities, the trustees (who are also tb¢ directors of the charitable company for the purposes of company law) are resp)nsiblc for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control &s the trustees deterniine is necessary to enable the preparation of financial statemenls that are free from material misstatement. wheth¢r due to fraud or eTror. In preparing the fitydncial statements, the trustee5 are resp)nsible for assessing the charitable company's ability to continu¢ as a going conce￿ disclosing. as applicable, matters related to going concern and using the going concern basis of accounting unless ihe trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to th so. Page 9

Report of the Independent Auditors to th¢ M¢mbers of Anny Rugby Union Tn Our rosponsibilities for the gudit of the financi818tstements Our objectives are to obtain reasonable assuranc£ about whether the financtal statements as a wthole are free from material misststemenL whether due to fraud OT error. and to issue a Report of the Ind¢tMd¢nt Auditors thal includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misststements can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably b¢ expected to influence the economic decision8 of users taken on the basis of these financial statements. The extent to which our PToc¢dur¢s are c4Mbl¢ of detrfting irregularities, including fraud is detsiled below.. Enquiry of managemenl, those charged with governance around actual and potential litigation and claims. Reviewing financial statements th'sclosute aThJ testing to supp)rting documentstion to assess compliance with applicable laws and regulations and the Associations memorandum. Auth'ting the risk of management override of controls, including through testing journal entries and other adjustments for appropriatcness and evaluating the business rationale of SI￿lfi￿lt transactions outside the nornial course of busincss should they arise. Reconciling income in totsl to arnount recorded in th¢ ¢ompany's financia] rccoids to ensure completeness of income. A further desCri￿lon of our responsibilities for th¢ audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uklauditorsr¢sponsibilities. This d¢scription forn]s part of our Report of the Indepen(knt Auditors. Page 10

Rep)rt of the Indepyndent Auditors to the Members of Amiy Rugby Union Trust Use of our report This rep)rt is made solely to the charitsble company's members, as a body, in accordance with Chapter 3 of Part 16 of the Compwnies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors, report and for no other purpose. To th¢ full¢st extent perniitted by law. we do not accept or a5sum¢ responsibility to anyone other than the charitsble company and the charitable company's members a5 a body, for our audit worK for this rep)[¢ or for the opinions we have fornie Margaret Turner (Senior Stthtory A￿lIOr) for and on behalf of Tumer & Co R¢gisfrred Auditors charter￿ Accountants loa White Hart Parade London Road BlackwateT Camberl¢y Surrey GU17 9AD Date: Page 11

Amiy Rugby Union Trust Statement of Financial Activities for the Year Ended 31 August 2024 31.8.24 Tolal funds 31.8.23 Total funds Unrestri¢t¢d Restricted ftmd8 fimd Notcs INCOME AND ENDOWMENTS FROM Donations and l¢gaci¢5 388,767 388.767 272.882 Other trading activities Investment income Other income 564.914 56,610 564.914 56.610 824.287 18,575 19,493 Total 1.010.291 1,010,291 1,135,237 EXPENDTTURE ON Raising funds 222.523 222,523 99.537 Charitsble gctivitKs Chan'thble activities 718,713 6.662 725.375 894.353 Total 941236 6.662 947.898 993,890 Net gainsl(losses) on investments 23,567 23,567 (1,460) ET INCOMEI(EXPENDITURE) 92,622 (6,662) 85,960 139,887 RECONCILIATION OF FUNDS Totsl fimds brought fonvard 1,860,433 135,504 1,995,937 1.856,050 TOTAL FUISDS CARRIED FORWARD 1.953.055 128.842 2.081.897 1.995.937 The notes forni part of these fllwicial slatements Page 12

Arniy Rugby Union Trust Balance Sheet 31 August 2024 31.8.24 Totsl funds 31.8.23 Total funds UDrcstric*d Restricted funds fund Notes FLXED ASSETS Tangible assets Investments 13 14 152,008 398.175 128,842 280.850 398,175 295,535 363,9 550,183 128,842 679.025 659.525 CURRENT ASSETS Stocks tkbtois Cash at bank and in hand 15 16 iio 3,488 1,385.674 1,004 1.461.911 1.004 1.461.911 1,462,915 1.462.915 1,389.272 CRED￿oRs Amounts falling due within one year 17 (60,043} (60,043) (52.860) ET CURRENT ASSETS 1.402.872 1,402,872 1,336,412 TOTAL A&SETS ￿Ss CURRENT LIABIL￿]Is 1,953,055 128,842 2,081,897 1,995,937 NET ASSETS 1.953,055 128,842 2,081.897 1.995.937 Th¢ notes form part of these financial statements Page 13 continued..

Arny Rugby UDion Tn Balance Sheet- continued 31 August 2024 18 Unrestricted fun&s.' General fimd Restricted flmds: Property equipxnent fund 1.953,055 1,860,433 128,842 135.504 TOTAL FUNDS 2.081,897 1,995,937 The financial statement were approved by the Board of Trustees and authoriscd for issue on .. and were signed on its behalf by: J C￿k Obe Phd- Trustee The notes forni part of th¢s¢ flnancial statem¢nts Page 14

Army Rugby Union Trust Cash Flow Statement for the Year Ended 31 August 2024 31.8.24 31.8.23 Notes Cash tlows from operating activities Cash g¢nerated from 0￿ratiOnS 30244 176,559 N¢t cash provided by operating activities 30244 176.559 Cash flov￿ from investlDg activities Purchase of fixed asset inv¢strn¢nts Sale of fixed ass¢t investments Interest received Dividends received (10,617) (1.460) 9.531 43,571 13,039 Net cash provided by investing activities 45,993 17,115 Change in eAsh and cash uivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 76237 193,674 1,385,674 1,192,000 Cash and Cash equivalents at the end of the reporting period ,461,911 1,385,674 The not¢s forni part of thcsc fuw]cial statements Pag¢ 15

Arniy Rugby Union Trust Notes to th¢ Cash Flow Statement for the Year End￿ 31 August 2024 RECONCILIATION OF NET tNCOME TO NET CASH FU)W FROM OPERATING ACTivrrIES 31.8.24 31.8.23 Net income for the reporting period (as per the Statement of Financial Activities) Adjustments for Depreciation charges Gain on investments Ini¢r¢st rec¢ived Divid¢nds ￿￿e1Ved D¢crcase in stocks Decrease in debtors Increase in creditors 85,960 139,887 14,685 (23,568) (43,571) (13.039) iio 2,484 7,183 15,200 (3.757) (9,531 } (9,044) 968 20.618 22,218 Net egsh provided by operations 30,244 176.559 ANALYSIS OF CHANGES IN NET FUNDS At 1.9.23 Cash flow At 31.8.24 Net cash Cash at bank and in hand 1,385,674 76,237 1,461,911 1,385,674 76,237 1,461.911 Total 1,385,674 76,237 1.461,911 The notes forn] part of these financial statements Page 16

Amiy Rugby Union Trust Notes to the Financial Staternents for the Year Ended 31 AUg￿$t 2024 ACCOUNTING POLICIES Basi8 of preparing the financial statements Th¢ financial statrments of the charitable company, which is a public benefit entity under FRS 102, have IKen prepared in accoidance with the Charities SORP (FRS 102) 'Aeeounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preEwing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and R¢public of Ireland (FRS 102) (effective l January 2019),. Financial Re￿rtIng Standard 102 'The Financial Reporting Standard applicabl¢ in the UK and Republic of Ireland, and th¢ Comwkes Act 2006. The financial stafrments hav¢ been prepared w)der the historical cost convention, with the exception of investments wlllch are included & market value, as modified by the revaluation of certain ass¢ts. Ineome All income is recognised in the Statcrnent of Financial Activities once the charity has entitlement to the funds, it is probable that th¢ income will be rec¢iv¢d and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon &s the￿ is a legal or consljuctive obligation committing the charity to that expEnditure. it is probable that a transfer of economic ben¢fits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is ￿CoUnted foi on an accruals basis and has been cl&ssified under headings that aEgr¢gate all cost related to the category. Where costs cannot be directly attributed to particular headIrt￿ they have been allocated to activities on a basis consistent with the use of resources. Gtants offered subject lo conditions which have not b¢¢n met at the year ¢nd date are noted as a comrnitment but not accrued as expenditur¢. Tangible r￿ed assets DepT￿latIOn is provided at the following annual rat¢s in order to write off each asset over its estimated useful life. Stocks Stocks are valued at th¢ lower of cost and nct realisable value, after making due allowan￿ foi obsolet¢ and slow moving items. Taxation The charity 15 ¢xempt from COTporation tax on ils charitable activities. Fund accounting Unrestrict¢d fimds can b¢ us¢d En accordance with the charitabl¢ objectives at the discretion of the trustccs. Page 17 continucd...

Arniy Rugby Union Trust Notes to the Financial Statements - continued for the Year Ended 31 August 2024 ACCOUNTING POLICIES- continued Fund accouDting Restricted funds can only be used for particular restricted rAwposes within th¢ objects of the charity. Restrictions aTise when sttcified by the donor or when funds are raised for particular restricted purwses. Further explanation of the natrjre and purpose of each fund is included in the notes to the financial statements. Pension costs and other post-retirement benefits The charitable company operates a defined contribution ￿nSIOn sch¢m¢. Contributions payable to the charitabl¢ company's pension scheme are charged to the Statement of Financial Acts'vities in the ￿riod to which they relate. DONATIONS AND LEGACIES 31.8.24 31.8.23 Gifts Donations 250 388,517 272.882 388.767 272,882 OTHER TRADING ACTtvrrIES 31.8.24 31.8.23 Sp)rting events Shop incomc Prize money Affiliation fees Other income 540222 6.000 2,000 3,020 13.672 815,586 3.651 4,150 900 564.914 824.287 Page 18 continued...

Army Rugby Union Trust Notes to the Financial Statements. continued for the Year Ended 31 August 2024 JNVESTMENT INCOME 31.8.24 31.8.23 Income from listed investments Other fixed asset inv- UnFII Dep)sit account interest 7J33 5.706 43.571 2,366 6.678 9.531 56,610 18,575 Raising donations and legacie4 31.8.24 31.8.23 Hospitslity Advertising 6,793 215,730 2.710 96,827 222.523 99,537 CHAIUTABLE ACTivrrIES COSTS Grant fundingr of activities (see note Support osts (see note 8) Direct Costs 7) Totals Charitable activities 46?.369 63,645 199,361 725.375 GRANfs PAYABLE 31.8.24 31.8.23 Clwitable activities 63,645 310,492 Page 19 ontinued...

Amiy Rugby Union Tntst Notes to the Financial Ststements - continued for the Year Ended 31 August 2024 SUPPORT COSTS Inforniation Manag¢ment technologry Govemanee costs Other Totals Ch￿itable activiti 42,897 1.538 131.161 23.765 199,361 NET INcOl￿IE1(EXPE￿Df￿JRE) Net incomeJ(expenditure) is stated after chargingl(crediting).' 31.8.24 31.8.23 Auditors, remuneration Auditors, remuneration for non audit work Depreciation- 0￿￿ed assets 20,890 15.000 4.137 15,200 14,685 10. TRUSTEES, REMUNERATION AND BENEFrrs There were no trustees, remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023. Trustees, eJpen8es There w¢r¢ no lrnstees, expynses paid for th¢ y¢ar ended 31 August 2024 nor for the year ended 31 August 2023. 11. STAFF COSTS 31.8.24 31.8.23 Wages and salaries Social security costs Other pension costs 129,615 738 808 69,890 7.516 9.754 131.161 87.160 The average monthly number of employees during the year was as follows.. 31.8.24 31.8.23 Director of fmanc¢ Communications officer Page 20 conhnued...

Amiy Rugby Union Trust Notes to the Financial Ststements- continued for the Year Ended 31 August 2024 11. STAFF COSTS - Continued No employees received emoluments in excess of £60,000. 12. COMPARATIVES FOR THE STATEMENT OF FtNANCIAL ACTIvrrIES UDrestsicted Restiicted funds fund Total nds INCOIIIE AIYD ENDOWMINTS FROM Donations and legacics 272,882 272,882 Other trading activities Investment income Other income 824287 18,575 19,493 824,287 18,575 19,493 Total 1,135,237 1.135.237 EXPEM)TTURE ON Raising funds 99.537 99,537 Charitsble activitie8 Charitsble activities 887,691 6.662 894.353 Total 987228 6.662 993,890 Net gains/(losses) on investments (1,460) (1,460) NET INCOME/(EXPEPIDrfuRE) 146.549 (6,662) 139,887 RECONCILIATION OF FUNDS Totsl funds brought fornTard 1,713,884 142.166 1,856,050 TOTALFUNDS CARRIED FORWARD 1,860,433 135,504 1.995,937 Page 21 continued...

Arnly Rugby Union Trust Notes to th¢ Financial Stst¢nrnts- continued for th¢ Y¢ar Ended 31 August 2024 13. TANGIBLE FIXED ASSETS Fixtur¢s Short leasehold Computer equipment fittings Totals COST At I September 2023 and 31 August 2024 364.435 59,661 2.491 426,587 DEPRECIATION At I September 2023 Charg¢ for year 69,008 14.577 59.661 2,383 108 131,052 14,685 At 31 August 2024 83,585 59,661 2.491 145,737 I￿T BOOK VALUE At 31 August 2024 280,850 280,850 At 31 August 2023 295.427 108 295,535 14, FIXED ASSET INVESTMENTS Listed Unlisted investments investments Totals MARKET VALUE At I September 2023 Additions Revaluations 177.495 4.911 20.343 186,495 5.706 3225 363,990 10,617 23.568 At 31 August 2024 202.749 195,426 398.175 NET BOOK VALUE At 31 August 2024 202,749 195,426 398.175 At 31 August 2023 177.495 186,495 363,990 There were no investnent assets outside the UK. Page 22 Contin￿&..

Arniy Rugby Union TTUSt Notes to the Financial Statements . continued for th¢ Year Ended 31 August 2024 14. FIXED ASSET INVESTNLENTS- continued Cost or valuation at 31 August 2024 is T¢presented by: Listed Unlisted inv¢slm¢nts investments Totals Valuation in 2024 75.515 127234 15,148 180.278 90.663 307,512 202,749 195,426 398.175 15. STOCKS 31.8.24 31.8.23 Stocks 110 I& DEBTORS: AMOUNTS FALLING DUE IVTTHIN ONE YEAR 31.8.24 31.8.23 Pr¢paym¢nts and accrued income 1.004 3.488 17. CREDrtORS: AMOUNTS FALLING DUE wrrHtN ONE YEAR 31.8.24 31.8.23 Other creditors A￿TualS and defeTred income 11,881 40,979 60,043 60,043 52.860 Pagc 23 continued..

Arniy Rugby Union Trust Notes to the Financial Statements - continued for the Year Ended 31 August 2024 I& MOVEMENT IN FUNDS Net movement in funits At 31.8.24 At 1.9.23 Unrestricted funds General fimd 1,860,433 92.622 1.953,055 Re8trieted funds Propmty equipment fund 135,504 (6.662) 128.842 TOTALFIiNDS 1,995,937 85,960 2,081,897 Net movement in fimds, included in the above ar¢ as follows: Incoming R￿OUrceS resoure¢s ¢xpend¢d Gains and Movement losses Unrestricted funds General fijnd 1.010.291 (941,236) 23,567 92,622 Restricted funds Propw equiprnent fund (6,662) (6.662) TOTAL FUNDS 1,010,291 (947.898) 23,567 85.960 Comparativ£s for movement in funds Nd movement in funds At 31.8.23 At 1.9.22 Unrestricted funds General fund 1,713,884 146.549 1.860.433 Restricted funds Pro￿rtY equipment fimd 142,166 (6,662) 135,504 TOTALFUNDS 1.856,050 139.887 1,995,937 Page 24 continued...

Amiy Rugby Union TTUSt Notes to the Financial Statements - continued for th¢ Y¢aT End¢d 31 August 2024 I& MOVEMENf IN FUNDS- continued Comparative net movement in funds, included in the above are as follows.. Incoming Resources resources exFKnded Gains and Movemenl losses in ￿llds Unrestricted funds General fund 1.135,237 (987,228) (1,460) 146.549 Restricted funds Prom ¢quipment fund (6,662) (6,662) TOTAL FUNDS 1,135.237 (993.890) (1.460) 139,887 A current year 12 months and prior year 12 months combined p)sition is as follows: Net movun¢nt in funds At 31.8.24 At 1.9.22 Unrestricted funds General flmd 1.713,884 239.171 1.953.055 Restricted funds Fro￿rtY equipment fi￿d 142.166 (13.324) 128,842 TOTAL FUNDS 1,856.050 225.847 2.081,897 Page 25 ontinu¢d...

Anny Rugby Union TTtLSt Nofrs to the Financial Ststements- continued for the Year Ended 31 August 2024 I& MOTrTKENT IN FUNDS- continued A current year 12 months and prior year 12 months combined net movemeirt in fimds, included in the above a￿ as follows: Incoming R¢50urces Gains and Movement r¢sourc¢s cxpcnded losses in funds Unrestricted funds General fund 2,145,528 (1928,464) 22,107 239,171 Restricted funds ProEty equipment fund {13J24) (13J24) TOTALFUNDS 2.145,528 (1,941,788) 22,107 225.847 19. RELATED PARTYDISCLOSiJRES There w¢re no r¢latcd party transactions for the year ended 31 August 2024. Pag¢ 26

Arniy Rugby Union Trust Detailed Ststement of Financial Activities for the Ye4r End¢d 31 August 2024 31.8.24 31.8.23 tNCOME AND ENDOWMENrs Donations and legacie3 Gifts Donations 250 388,517 272.882 388,767 272.882 Other trading activities Sporting events Shop income Prize money Affiliation fees her income 540,222 6.000 2.000 3,020 13,672 815,586 3,651 4,150 900 564.914 824287 Investment income Income from listed investments Other fixed &sset inv- UnFII Deposit account interest 7.333 5,706 43,571 2J66 6.678 9.531 56.610 18,575 Other income Royalties 19,493 Total ineoming resources 1.010,291 1.135.237 EXPENDITURE Raising donations and legacies Hospitality Advertising 6.793 215,730 2,710 96,827 222.523 99.537 Charitable activities Sporting events CaTried fonvard 154,131 154,131 339,423 339,423 This page does not fonn part of the statutory financial stat¢m¢nts Page 27

Atmy Rugby Union Tn]st Detailed Statement of Financial Activities for the Year Ended 31 August 2024 31.8.24 31.8.23 Charitable activiti£q Brought fonvard Management Grounds and infrasttuctur¢ Clothing formal Training equipment Medical Presentations Accommodation M¢ssing and subsist¢nc¢ Manag¢m¢nt traiDing Vehicle leasing Vehicle nu]ning costs Travel Short leasehold Computer equipment Grants to institutions Grants to inth'viduals 154,131 3,395 339,423 2,301 61.600 6.800 1206 4,348 7,562 12,374 1.326 2,687 1,271 772 14,577 623 17,828 292,664 128,849 35.852 21240 7.808 64.850 24,052 840 2,302 71 4,294 14,577 108 6,071 57.574 526,014 767,362 Support costs Management Insurance Light and heAt Telephone Postage and ststionery Sundries Media Costs Website 572 1,849 828 55 37,795 556 1242 2.263 471 837 2,492 136 ii,iio 1,407 42,897 18,716 Finance Bank charges 35 Information tschnology Comput￿ and software 1,538 1,943 Other Wages Carried forward 129,615 129,615 69,890 69,890 Thi's page does not forni part of the statutory financial statements Page 28

Arniy Rugby Union Trust Detsiled Statement of Financial Activities for the Year Ended 31 August 2024 31.8.24 31.8.23 Brought forward Social security Pensions 129.615 738 808 69,890 7,516 9,754 131.161 87.160 Governanee Costs Auditors, r¢muncration Auditors, remuneration for non audit work A¢¢ountancy and legal fees 20,890 15,000 4,137 2,875 23,765 19,137 Total resources expend 947,898 993.890 Net income before gains and losses 62393 141,347 Realised r￿)gniSed gains and10&ses R¢alis¢d gaIn￿(losSes) on fixed asset investments 23,567 (1.460) Net itieome 85,960 139.887 This page does not forn] part of the statlrtory fllwicial statements Page 29