COMPANY REGISTRATION NUMBER: 8172940 CHARITY REGISTRATION NUMBER: 1150763 Rugby League Cares Company Limited by Guarantee Financial Statements 31 December 2024 SUTTON MCGRATH HARTLEY ACCOUNTANTS LIMITED Chartered accountants & statutory auditor Queensgate House 23 North Park Road Harrogate North Yorkshire HG15PD
Rugby League Cares Company Limited by Guarantee Financial Statements Year ended 31 December 2024 Page Trustees, annual report (incorporating the director's report) Independent auditor's report to the members Statement of financial activities (including income and expenditure account) 14 Statement of financial position 15 Statement of cash flows 16 Notes to the financial statements 17
Rugby League Cares Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 December 2024 The trustees. who are also the directors for the purposes of company law. present their report and the financial statements of the charity for the year ended 31 December 2024. Reference and administrative detalls Registered charity name Rugby League Cares Charity reglstration number 1150763 Company reglstration number 8172940 Princlpal office and registered University of Huddersfield offlce Queensgate Huddersfield HD13DH The trustees Timothy Adams MBE David Hinchliffe Karen Moorhouse Neville Smith Jane Walton Kevin Sinfield OBE Beth Sutcliffe Gary Hetherington Stuart Taylor Victoria Sinacola John Heritage (Resigned 14 August 2025} (Resigned 30 April 2024) (Appointed 14 August 2025) Auditor Sutton McGrath Hartley Accountants Limited Chartered accountants & statutory auditor Queensgate House 23 North Park Road Harrogate North Yorkshire HG15PD The notes on pages 17 to 28 form part of these financial statements.
Rugby League Cares Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 December 2024 structure, governance and management The Trustees are appointed and removed from office by a majority of the Trustees of Rugby League Cares. The Trustees act as key management personnel for the Charity, and are responsible for the day to day running of the Charity. New trustees are chosen with a view to ensuring that the Board contains an appropriate balance of experience relevant to the requirements of the operations of the Charity and there is a training policy for new trustees. All trustees are updated on changes in policy and law as they arise, as advised by The Rugby Football League (RFL), external auditors, and bankers. The Board of Trustees aims to meet quarterly to meet the on-going commitments of the Charity. Day to day management of Rugby League Cares is handled by its Chief Executive, Chris Rostron. Risk management During the financial period the Trustees have reviewed the major risks to which the Charity is exposed. particularly those related to the finances of the Charity. The Trustees have considered the appropriate policies. procedures and systems and are confident that they are adequate to mitigate the Charity's exposure to the major risks. The Trustees ensure internal financial control is maintained by having a system of periodic management information reports, clear administrative and financial procedures and clear lines of accounting. No fundamental weaknesses in systems and controls have been identified in the period. The Trustees consider that an internal audit function is not required based on the relative size of the Charity. the risks identified, and controls in place to mitigate these risks. In the opinion of the Trustees, the Charity has ensured that under normal conditions, risks are mitigated to an acceptable level in its day to day operations. Objectives and activities The objectives of the Charity as set out in the trust deed dated 11 February 2013 are: Organising or providing assistance in the organisation and provision of facilities which will enable and encourage pupils of schools and universities and members of youth organisations in any part of the United Kingdom or other foreign jurisdiction to play rugby league and other games or sports and thereby assist in ensuring that due attention is given to the physical education and development of such pupils, as well as to the development and occupation of their minds. The promotion of community participation in healthy recreation, in particular by the provision of such financial and other assistance as the Trustees shall deem fit for the provision, establishment, development and improvement of facilities for the playing of rugby league (or rugby league in conjunction with other sports)- Advancing the education of the public at large in all matters relating to the heritage, history and development of rugby league and its antecedents. The notes on pages 17 to 28 form part of these financial statements.
Rugby League Cares Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) {contlnued) Year ended 31 December 2024 To provide financial assistance to persons who play or who have played or who are or have been associated with the game of rugby league in the United Kingdom or other foreign jurisdiction and who are in need of support by reason of poverty, age or physical or mental infirmity or disability. Public beneflt The Trustees are aware of the Charity Commission's advice on Charilies and Public Benefit. The Trustees confimi that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities for the financial period. The Charity will strive to provide assistance to people associated with the sport of Rugby League by helping them to lead a positive and healthy lifestyle through tho delivery of high quality sports, educational and health based activities. It will achieve this by continuing to concentrate on the key areas, which are.. To support Rugby League at all levels. particulady for those that play. have played, run or have previously run the sport at a professional level; To use Rugby League as a force for positive behavioural change and measurable improvements to individual health and wellbeing, particularly with those living in communities near to where the sport is played and most affected by poor socio-economic circumstance and life opportunities: To use Rugby League to inspire greater participation in physical activity- To develop sufficient finances to enable those with permanent serious injuries assistance when breakthroughs in medical treatment occurs. To use the unique history of the sport to inspire communities to learn more about Rugby League, their community and the people that have lived and worked there in the past. To use Rugby League to reach and serve the widest and most diverse audience possible in arts and cultural activities. breaking down barriers to social groups not traditionally associated with museums, arts and cultural activities such as dance and other arts forms: To encourage greater interest in Rugby League either as a player. spectator or viewer. The notos on pages 17 to 28 form part of these flnancial statements.
Rugby League Cares Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 December 2024 Achievements and performance In 2024, trustees noted the charity's significant progress across all areas. Increased funds and resources enabled the successful achievement of objectives and positive outcomes for individuals involved in the sport. This year, the charity entered a new agreement with the RFL after extensive negotiations. This agreement mandates a review of policies regarding the wellbeing and welfare of women, match officials. and staff, contingent on adequate funding for these groups. A thorough analysis of governance. structure, and performance in player wellbeing led to the introduclion of new evaluation tools. including a quarterly club audit. The results of these audits are crucial for clubs, influencing salary cap levels and central funding based on compliance. This initiative represents a significant advancement for the sport. establishing consistent support standards for players. Rugby League Cares has acknowledged concerns regarding concussion and brain health. which have created anxiety among current and former players. In response. the Brain Health Fund was established. partnering with Dementia UK to create an Admiral Nurse service. Since its launch, this service has provided essential support to many former players and their families facing concerns about neurodegenerative diseases, offering specialised care and guidance. Strategically, Rugby League Cares aims to enhance its resources to better serve players and the wider sporting community. Looking ahead to 2025, the charity is dedicated to ensuring comprehensive support for every player and their family. Player wellbeing and welfare This year has been marked by significant achievements in enhancing support for players and their communities. Notably, no player required residential therapy throughout 2024, reflecting the success of our proactive wellbeing approach. Furthermore, the charitws hardship fund reached its lowest figure of £3.214, showcasing the positive impact of our welfare programme. Our holistic approach has benefited all stakeholders, yielding improved outcomes on and off the pitch. By empowering individuals to make positive changes, we have fostered resilience and personal growih within our community. Throughout the year, we have invested in key roles and resources, including the appointment of a Transition Manager and a Wellbeing Curriculums and Programme Manager, alongside counselling and therapeutic services. These initiatives underscore our commitment to enhancing player support systems. The developments of 2024 demonstrate the success of our wellbeing programme and its crucial role in fostering a healthier sporting community. By prioritising holistic wellbeing, we benefit not only players but also their families. As trustees, we remain dedicated to furthering these initiatives and ensuring positive outcomes for everyone in our sport. The notes on pages 17 to 28 form part of these financial statements.
Rugby League Cares Company Limited by Guarantee Trustees. Annual Report (Incorporating the.Director's Report) (contlnuedj Year ended 31 December 2024 Community RL Cares celebrated another successful year of supporting communities in 2024. We strive to care for the people in the villages, towns, and cities where rugby league is played. Ahead of the Game Funded by Movember, we expanded the Ahead of the Game programme, providing mental health and resilience education to over 20,000 young athletes, parents, and coaches. We supported six community sports foundations to deliver the programme, focusing on areas with the greatest mental health needs. Movember's funding will enable an additional ten community foundations to join in 2024125. RL Cares for the NHS Our Rugby League Cares for the NHS programrne continued to positively impact NHS employees in Cheshire, Merseyside, and the North-west. Changes in funding affected the programme's expansion in the latter half of the year, prompting our team to seek new funding sources. Offload RL Cares delivered the Offload mental fitness programme to various professions. focusing on major employers within rugby league Communities. In 2024, we continued to strengthen our relationships with large businesses. The programme remains supported by partnerships with clubs like Warrington Wolves and Leeds Rhinos and is set to expand in 2025. At the heart of our community support efforts are genuine partnerships that enable us to grow our initiatives and assist more individuals each year. Herltage The charity maintained its partnership with Wigan Council to support the development of a Rugby League Museum. Following a review prompted by Leeds Rhinos, interest in hosting the museum, an independent panel endorsed Wigan's proposal due to the council's support. Throughout this period, thorough sustainability plans were developed, identifying several potential partners as plans evolve. The notes on pages 17 to 28 form part of these financlal statements.
Rugby League Cares Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 December 2024 Fundralslng and events The fundraising team delivered a robust programrne of events throughout the year. The year began with the successful Lions Association Lunch, attended by over 400 guests. The RFL president, Sir Lyndsey Hoyle, hosted a reception at Speaker House in parliament for the charities supporters, partners. and sponsors, further strengthening our relationships. Our biggest fundraiser of the year took place in Ireland in partnership with Rugby Players Ireland, expanding our connections with other sports. The year concluded with the Hall of Fame induction dinner, where Jane Banks, Michelle Land, Jamie Peacock MBE, and Paul Sculthorpe MBE were inducted, reinforcing our partnership with Wigan Council and the museum project. Plans for future perlods Trustees note the charity's continued growth and the positive impact on beneficiaries and communities. In light of ongoing successes, the charity remains focused on generating more income and resources to deliver impactful seNices. Flnancial revlew The Charity made grants of £109,725 in the year {2023'. £84,263). The surplus for the year ended 31 December 2024 was £32,740 (2023: £140,076) leaving the Charity with net assets of £672,286 at 31 December 2024 (2023.. £639.546). The results for the financial period are set out in the Statement of financial activities on page 15. The Charity primarily relies upon charitable grants, commercial partnerships, the membership scheme and voluntary donations to support the Charity objectives. The Charity is exempt from the requirement to prepare a strategic report on the grounds of its size in accordance with the Companies Act 2006. Reserves pollcy It is the policy of the Trustees for the Charity to maintain unrestricted funds of at least one month's management, administration and support costs. Unrestricted funds at 31 December 2024 were £672,286 (2023: £639,546). The Charity is committed to raising the awareness of its activities, and with its trustees having a lot of experience in Rugby League. they are well placed to promote awareness in clubs around the country. The notes on pages 17 to 28 form part of these flnancial statements.
Rugby League Cares Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) {contlnued) Year ended 31 December 2024 Grant maklng pollcy The Charity ensures that grants awarded contribute to the delivery of its objectives and priorities by the application of a review and assessment process designed for this purpose. All grant applications are reviewed to assess the eligibility of the applicant organisation and the activity. Applications which meet the eligibility criteria are assessed via analysis of the applications and all relevant supporting documents. All applications are reported to the Grants Committee for decisions. The Granls Committee will consider the assessment reports in deciding which applications to support. All successful applications are communicated to the Charity Trustees by a representative who has attended the Grants Committee meeting. Investment powers There are no restrictions on the Trustees, power to invest. The Trustees are empowered to make such investments as they consider appropriate. Trustees. responslbilities statement The trustees, who are also directors for the purposes of company law. are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice}. Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure. for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently. observe the methods and principles in the applicable Charities SORP. make judgments and accounting estimates that are reasonable and prudent. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. The notes on pages 17 to 28 form part of these financlal statements.
Rugby Loague Caro8 Company Llmltod by Guarantee TruJts••' Ahhual Report (Incofpor8tlng th8 Dlrectorfs Report) lethTthvv Year andod 31 December 2024 Autlltor Eath of the per30fL8 Who Is a truBtee * the date ofapproval of this report confim)8 that so far a5 Ihey are awarè. there ig no relewdrrt audit InforntiOn of vthS¢h tho chaftys auditor 13 Unawa,. elKI they have tsken all stEps that they Dught to have taken as a trustee to make themselves aware ot any relevant audli Inforrnabon 8nd to establish that the chaiity's auditor is aYare of that infomRtion. The audltor Is deemed to have been re-appotnted in accordance with section 487 of the Cornpanies Act 2006. Small company provtsions This report has been prepared in accordan¢e with the provisk)n¥ aP[cable to companies enlued to the small companies exemption. The trustees, annual report W8$ approved on 31 July 2025 and s19rS on behalf of the board of trustees by.. Tlmothy Adants MBE Tnte0 Thè notes on pagoo 17 to 28 fonn part of these flnanclal statemanl8.
Rugby League Cares Company Limited by Guarantee Independent Auditor's Report to the Members of Rugby League Cares Year ended 31 December 2024 Oplnion We have audited the financial statements of Rugby League Cares (the 'charity') for the year ended 31 December2024 which comprise the statement of financial activities (including income and expenditure account), statement of financial position, statement of cash ftows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the charity's affairs as at 31 December 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act 2011. Basis for opinion We conducted our audit in accordance with Intemational Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusion5 relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that. individually or collectively, may casl significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. The notes on pages 17 to 28 form part of these financial statements.
Rugby League Cares Company Limited by Guarantee Independent Auditor's Report to the Members of Rugby League Cares {contlnued) Year ended 31 December 2024 Other infomiatlon The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and. in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are reqLtired to determine whether there is a material misstatement in the financial statements or a malerial misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: the information given in the trustees, report for the financial year for which the financial statements are prepared is consistent with the financial statements,. and the trustees, report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by ex¢eptlon In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Act 2011 requires us to report to you if, in our opinion: adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us,. or the financial statements are not in agreement with the accounting records and returns., or certain disclosures of trustees, remuneration specified by law are not made., or we have not received all the infomiation and explanations we require for our audit. or the trustees were not entitled to take advantage of the small companies, exemptions in preparing the directors, report and from the requirement to prepare a strategic report. The notes on pages 17 to 28 form part of these financial staternents. 10
Rugby League Cares Company Limited by Guarantee Independent Auditorfs Report to the Members of Rugby League Cares (Continued) Year ended 31 December 2024 Responsibilities of trustees As explained more fully in the trustees, responsibilities statement, the trustees (who are also the directors for the purposes of 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 internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. Audltor's responsibllities for the audit of the flnancial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error. and to issue an auditor's report that 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. 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 the audlt was considered capable of detecting irregularities, Including fraud Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material rnisstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. The objectives of our audit are to obtain sufficient appropriate audit evidence regarding compliance with laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements, to perform audit procedures to help identify instances of non- compliance with other laws and regulations that may have a material effect on the financial ststements, and to respond appropriately to identified or suspected non-compliance with laws and regulations identified during the audit. In relation to fraud, the objectives of our audit are to identify and assess the risk of material misstatement of the financial statements due to fraud, to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud through designing and implementing appropriate responses and to respond appropriately to fraud or suspected fraud identified during the audit. The notes on pages 17 to 28 form part of these financial statements.
Rugby League Cares Company Limited by Guarantee Independent Auditor's Report to the Members of Rugby League Cares {¢ontinued) Year ended 31 December 2024 However. it is the primary responsibility of management, with the oversight of those charged with governance. to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, the audit engagement team.. obtained an understanding of the nature of the industry and sector, including the legal and regulatory framework that the group and parent company operates in and how the group and parent company are complying with the legal and regulatory framework., inquired of management, and those charged with governance, about their own identification and assessment of the risks of irregularities, including any known actual, suspected or alleged instances of fraud. discussed matters about non-compliance with laws and regulations and how fraud might occur including assessment of how and where the financial statements may be susceptible to fraud. As a result of these procedures we consider the most significant laws and regulations that have a direct impact on the financial statements are FRS 102, the Companies Act 2006 and tax compliance regulations. We perfomied audit procedures to detect non-compliances which may have a material impact on the financial statements which included reviewing financial statement disclosures, inspecting correspondence with local tax authorities and evaluating advice received from external tax advisors. The audit engagement team identified the risk of management override of controls as the area where the financial statements were most susceptible to material misstatement due to fraud. Audit procedures performed included but were not limited to testing manual journal entries and other adjustments and evaluating the business rationale in relation to significant, unusual transactions and transactions entered into outside the normal course of business. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report. The notes on pages 17 to 28 form part of these financial statements. 12
Rugby League Cares Cornpany Llmlted by Guarantee Independent Auditor's Report to the Members of Rugby League Cares fcontlnu8d) Year ended 31 December 2024 Use of our report Thls rep'ort Is rnado solely to the charlty's members, as a body, In accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so,that we might state to the charity's members thosè matters we are required to state to them in an audltoff8 report and for no other purpose. To the fulles't extent permitted by law, we do not accept or assume responsibillty to anyone other than the charity and the charitys members as a body, for our audit work, for this report, or for the opinions we have formed. Howard Matthews BA FCA (Senlor Statutory Audltor) For and on b.ehalf of. Sutton McGrath Hartley Accountants Llmlted Chartered accountants & statutory auditor Queensgate House 23 North Park Road Harrogate North Yorkshlre Hfj15PD The notes on pagès 17 to 28 form part of these fInancial statements. 13
Rugby League Cares Company Limited by Guarantee statement of Financial Activities (including income and expenditure account) Year ended 31 December 2024 2024 Restricted funds Total funds 2023 Unrestricted funds Total funds Note Income and endowments Donations and legacies Charitable activities Other Irading activities Total Income 398,740 69,045 36,865 1.095,140 1.493,880 69,045 48,361 1,519,672 41.967 76,287 11,496 504,650 1,106,636 1,611,286 1,637,926 Expenditure Expenditure on raising funds: Costs of raising donations and legacies Expenditure on charitable activities 370,497 101,413 263,304 843,332 633,801 944,745 648,164 849,686 1,497,850 9,10 Total expenditure 471.910 1,106,636 1,578,546 Net Income and net movement In funds 32,740 32,740 140,076 Reconclliation of funds Total funds brought fomard Total funds carrled forward 639,546 672,286 639,546 499.470 672,286 639,546 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 17 to 28 forni part of these financlal statements. 14
Rugby League CaroB Company Llmited by Guarantea ststemant of Flnanclal Poxltlon 31 December 2024 2024 2023 Flxed 88891• Tangible frxed 8SSet& Herflage a¥s819 15 18,207 293,È55 312,082 8,288 299.755 3C6,021 Qunnt asso Deblors.. due wthln ong yeor Deblor8'. dua after morè than year Cash al bank ojid In h&nd q7 17 108,400 87,498 725 573.760 881,981 470,824 579,349 Creditors: amounts falllng fthin one yoar trlet current assèts Total a55ets les5 Current Ilabllitlèy 18 219,126 360,224 672.288 328,4 333,525 839.546 Net assets 672,286 639,546 Funds of the Charlty Unrestrtcted fvnds Total charity funds 672,286 B39.546 672,288 839,546 These financial statements were approved by the board of trustees and authorised for Issue 31 Juty 2025, and are 81gned on behall of the board by: Timothy Adams MBE Trustse Th& nots* on pages 17 to 28 fomi part of these tlnan¢lal statements. 15
Rugby League Cares Company Limited by Guarantee Statement of Cash Flows Year ended 31 December 2024 2024 2023 Cash flows from operatlng actlvltles Net income 32,740 140,076 Adjustments for.. Depreciation of tangible fixed assets Accrued expensesl(income) 13,170 57.681 (81.843) (213,598) Changes in.. Trade and other debtors Trade and other creditors (20,904) (27,488) (84,325) (84,325) 68,918 (98,1391 (45,0621 (45,062) Cash generated from operations Net cash from operating activities Cash flows from investlng actlvltles Purchase of tangible assets Net cash used in investing activities (19,211) (19,211) (2,548) (2,548) Cash flows from financing actlvltles Repayments of borrowings Net cash from financing activities 600 600 600 600 Net Increase In cash and cash equivalents Cash and cash equlvalents at beginning of year Cash and cash equivalents at end of year (102,936) 573,760 (47,010) 620,770 470,824 573,760 The note5 on pages 17 to 28 form part of these financial statements. 16
Rugby League Cares Company Limited by Guarantee Notes to the Financial Statements Year ended 31 December 2024 General Informatlon The charity is a public benefit entity and a private company limited by guarantee. registered in England and Wales and a registered charity in England and Wales. The address of the registered office is University of Huddersfield, Queensgate, Huddersfield, HD13DH. The charity is a public benefit entity. statement of Compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the 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) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting policies Basis of preparatlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling. which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue. Judgements and key sources of estimation uncertalnty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors. including expectations of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal. 17
Rugby League Cares Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 December 2024 Accounting pollcies (contlnued) Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity., it is probable that the economic benef5ts associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received rf the value can be reliably measured. No smounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities. and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributsble to a single activity are allocated directly to that activity. Shared costs are apportioned beeen the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently ststed at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 18
Rugby League Cares Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 December 2024 Accounting pollcies feontinued) Tangible assets (contlnued) An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreclatlon Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Office equipment 250/0 Straight line Heritage assets - statue 2 % straight line Heritage assets Heritage assets measured under the cost model are recognised initially recorded at acquisition cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. The statue is maintained on an annual basis but it is deemed appropriate to depreciate it over a period of 50 years. The collection of historic documents and memorabilia were capitalised at valuation. Heritage assets are reviewed annually. for impairment and the cost of any impairment will be recognised in the statement of financial activities. Where information on the cost or value of an asset is not available and cannot be obtained at a cost which is commensurate with the benefits to users of the financial statements. the asset shall not be recognised in the stalement of financial position. Impaimient of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset. an estimate is made of the recoverable amount of the cash- generating unit to which the asset belongs. The cash-generating unit is the smallest identrfiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill. the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. 19
Rugby League Cares Company Limited by Guarantee Notes to the Financial Statements (contlnuedj Year ended 31 December 2024 Accountlng pollcles (Gontlnued) Flnancial instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance. and other financial assets that are individually significant, these are assessed individually for impairment. other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Deflned contrlbution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. 20
Rugby League Cares Company Limited by Guarantee Notes to the Financial Statements fcontlnued) Year ended 31 December 2024 Accountlng pollcles (contlnuedj Deflned contribution plans (continued) When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Llmited by guarantee Rugby League Cares is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member. Donations and legacles Unrestricted Funds Restricted Total Funds Funds 2024 Donations General donations Rugby Football League Limited Movember 40,035 358,705 40,035 358.705 711,240 711,240 Grants Movember Construction Project NHS grants Offload 192,833 183,767 7,300 192,833 183,767 7,300 398,740 1,095,140 1,493,880 Unrestricted Funds Restricted Total Funds Funds 2023 Donatlons General donations Rugby Football League Limited Movember 12,950 466,000 12,950 466,000 630,206 630,206 21
Rugby League Cares Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 December 2024 Donatlon5 and legacles f¢ontinued) Unrestricted Funds Restricted Total Funds Funds 2023 Grants Movember Construction Project NHS grants 101,008 309,508 101,008 309,508 478,950 1,040,722 1,519,672 Charitable activities Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Activities income 69,045 69,045 41,967 41,967 Other trading activities Unrestricted Funds Restricted Total Funds FLinds 2024 Fundraising events Lottery and raffles Players, memberships Bank interest received 11,011 11,195 11,719 2,940 11,496 22,507 11,195 11.719 2,940 36,865 11,496 48,361 Unrestricted Funds Restricted Total Funds Funds 2023 Fundraising events Lottery and raffles Players, memberships 27,400 8,290 10,597 30,000 57,400 8,290 10,597 76,287 46,287 30.000 22
Rugby League Cares Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 December 2024 Costs of raising donations and legacies Unrestricted Funds Restricted Total Funds Funds 2024 Costs of raising donations and legacies - Grants receivable 370,497 263,304 633,801 Unrestricled Funds Restricted Total Funds Funds 2023 Costs of raising donations and legacies - Grants receivable 294,245 353,919 648,164 Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2024 Grant making Governance costs 94,913 6,500 843,332 938,245 6.500 101,413 843,332 944,745 Unrestricted Funds Restricted Total Funds Funds 2023 Grant making Governance costs 126,981 5.902 716,803 843,784 5.902 132,883 716,803 849,686 10. Expenditure on charltable actlvltles by activity type Grant funding of activities Support costs Total funds 2024 Total fund 2023 Grant making Governance costs 94,913 94,913 6.500 126,981 5.902 6,500 94,913 6,500 101,413 132,883 23
Rugby League Cares Company Limited by Guarantee Notes to the Financial Statements (¢ontinued) Year ended 31 December 2024 11. Analysls of grants 2024 2023 Grants to Instltutions Club Foundation distributions Hardship grants Education grants 70,546 3,214 35,965 13.123 13,833 57,307 Total grants 109,725 84,263 12. Net income Net income is stated after chargingl(crediting): 2024 2023 Depreciation of tangible fixed assets Fees payable for the audit of the financial statements Accountancy fees 13,170 2.960 3.540 57,681 2,742 3,160 13. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows: 2024 2023 Wages and salaries Social security costs Employer contribulions to pension plans other employee benefits 735,973 78,906 35,873 18,610 631,916 60,798 29,290 15,556 737,560 869,362 The welfare support staff costs of £365,983 (2023.. £272,055) are included in the above figures. The average head count of employees during the year was 17 {2023: 20). The average number of full-time equivalent employees during the year is analysed as follows.. 2024 No. 2023 Fundraising Players, welfare Administration The number of employees whose remuneration for the year fell within the following bands, were: 2024 2023 No. £60,000 to £69.999 £70,000 to £79,999 £80,000 to £89,999 £90,000 to £99,999 24
Rugby League Cares Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 December 2024 14. Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. DLtring the year trustees received reimbursed expenses of £783.35. 15. Tangible flxed assets Office equlpment Cost At 1 January 2024 Additions 22,963 19,211 At 31 December 2024 42,174 Depreclatlon At 1 January 2024 Charge for the year At 31 December 2024 16,697 7,270 23,967 Carrying amount At 31 December 2024 18,207 At 31 December 2023 6,266 16. Heritage assets The heritage assets include 8 bronze statue at Wembley. which is held at cost. Sports memorabilia were valued in 2013. Heritage Heritage assets assets held at held at cost valuation Total Cost or valuatlon At 1 January 2023 and 31 December 2024 Depreclatlon At 1 January 2024 Charge for the year 295,105 57,750 352,855 53,100 5,900 53,100 5.900 At 31 December 2024 59,000 59,000 Carrying amount At 31 December 2024 236,105 57,750 293,855 299,755 At 31 December 2023 242,005 57,750 25
Rugby League Cares Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 December 2024 17. Debtors Debtors falling due within one year are as follows.. 2024 2023 Trade debtors Loans other debtors 58,150 600 49,650 73,715 600 13,181 108,400 87,496 Debtors falling due after one year are as follows: 2024 2023 Loans 125 725 125 725 18. Credltors: amounts falling due within one year 2024 2023 Trade creditors Accruals and deferred income Social security and other taxes Other creditors 21,667 171.449 22,811 3,198 274,959 20,355 33.142 219,125 328,456 19. Deferred Income 2024 2023 Amount deferred in year 105,080 259,303 20. Penslons and other post-retlrement benefits Defined contributlon plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £35,873 (2023.. £29,290). 26
Rugby League Cares Company Limited by Guarantee Notes to the Financial Statements (eontlnued) Year ended 31 December 2024 21. Analysls of charitable funds Unrestricted funds At 31 December 2024 At 1 January 2024 Income Expenditure General funds 639,546 504,650 (471.910) 672,286 At 31 December 2023 At 1 January 2023 Income Expenditure General funds 499,470 567,204 (427,128) 639,546 Restricted funds At 31 December 2024 At 1 January 2024 Income Expenditure Restricted Fund 1.106,636 (1.106,636) At 31 December 2023 At 1 January 2023 Income Expenditure Restricted Fund 1.070,722 (1,070.722) 27
Rugby League Cares Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 December 2024 22. Analysls of net assets between funds Unrestricted Total Funds Funds 2024 Tangible fixed assets Heritage assets Current assets Creditors less than l year Creditors greater than 1 year Net assets 18.207 18,207 293,855 293,855 579,349 579,349 {219,125) (219,125) 672,286 672,286 Unrestricted Total Funds Funds 2023 Tangible fixed assets Heritage assets Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 6.266 6.266 299,755 299,755 661,981 661.981 (328,456) (328,456) 639,546 639,546 23. Analysis of change5 In net debt At At 1 Jan 2024 Cash flows 31 Dec 2024 Cash at bank and in hand 573,760 (102,936) 470,824 24. Related parties The Rugby Football League is a debtor to the charity for £58,149.60 (2023 £46,167),. the creditor balance is nil. (2023:nil). Rugby League Cares is a creditor of the RFL Benevolent Fund, which has common trustees, for £17,540 (2023.. £26.661 debtor). 28