THATCHAM RUGBY FOOTBALL CLUB
Annual Report and Financial Statements
for the Year Ended on 31 May 2024
Charity registration number: 1151545
THATCHAM RUGBY FOOTBALL CLUB
Annual Report and Financial Statements for the Year Ended on 31 May 2024
| CONTENTS Reference and General Information Report of the Trustees Statement of Trustees' Responsibilities Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements |
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| 1 2 3 4 5 6 7 |
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THATCHAM RUGBY FOOTBALL CLUB
Reference and General Information for the Year Ended on 31 May 2024
Chairman David John Hamilton Trustees Russell Adamson John Dixon David Langford Mark Littechild Jack Moore Mark Smith James Thorogood Charity Registration Number 1151545 Principal Office 3 Magpie Close Thatcham Berkshire RG19 3RZ Independent Examiner Tax Avenue Turnfields Gate, Turnfields Thatcham RG19 4PT
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THATCHAM RUGBY FOOTBALL CLUB
Report of the Trustees for the Year Ended on 31 May 2024
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THATCHAM RUGBY FOOTBALL CLUB
Statement of Trustees' Responsibilities
Trustees responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the UK Accounting Standards and applicable laws and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of afffairs of the charity and of the incoming resources and appliation of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply then consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followd, subject to any material departures disclosed and explained in the financial statements; and
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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 proper accounting records that disclose with reasonable accuracy the financial position of the charity at any time.
The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detaction of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website.
Approved the the trustees of the charity on 31 March 2025 and signed on its behalf by:
Russell Adamson Trustee
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THATCHAM RUGBY FOOTBALL CLUB
Independent Examiner's Report to the Trustees for the Year Ended on 31 May 2024
I report to the trustees of Thatcham Rugby Football Club on my examination of the club's Financial Statements for the year ended on 31 May 2024,
Respective responsibilities of the Trustees and the Examiner
As the trustees of Thatcham Rugby Football Club you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('The Act').
I report in respect of my examination of the Thatcham Rugby Football Club's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(b)(b) of the Act.
Independent Examiner's Statement
I have comleted my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1 accounting records were not kept in respect of Thatcham Rugby Football Club as required by section 130 of the Act; or
2 the accounts do not accord with those records; or
3 the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of independent examination.
attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mrs Monika Tabatabaian MAAT Tax Avenue Turnfields Gate, Turnfields Thatcham RG19 4PT
Date: 31 March 2025
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THATCHAM RUGBY FOOTBALL CLUB
Statement of Financial Activities for the Year Ended on 31 May 2024
| Notes Resources arising Donations and legacies 2 Charitable activities 3 Other income 4 Total resources arising Resources used Charitable activities 5 Total resources used Net movement in funds Reconciliation of funds Balance brought forward Net movement in funds Balance carried forward |
Unrestricted funds £ 25,135 40,133 11,496 76,764 (56,631) (56,631) 20,133 312,596 20,133 332,729 |
Total 2024 £ 25,135 40,133 11,496 76,764 (56,631) (56,631) 20,133 312,596 20,133 332,729 |
Total 2023 £ 16,962 43,745 1,185 |
|---|---|---|---|
| 61,892 | |||
| (62,581) | |||
| (62,581) | |||
| (689) | |||
| 313,285 (689) |
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| 312,596 |
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THATCHAM RUGBY FOOTBALL CLUB
Balance Sheet for the Year Ended on 31 May 2024
| Notes Fixed Assets Tangible assets 6 Current Assets Debtors 7 Cash at bank and in hand 8 Creditors: Amounts falling due within one y 9 Net Current Assets Total Assets less Current Liabilities Creditors: Amounts falling due after one yea 10 Net Assets Funds of the Charity Unrestricted funds 11 Total funds |
2024 £ 343,146 503 39,256 39,759 (7,688) 32,071 375,217 (42,488) 332,729 332,729 332,729 |
2023 £ 352,926 6,091 10,423 |
|---|---|---|
| 16,514 (7,688) |
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| 8,826 | ||
| 361,752 (49,156) |
||
| 312,596 | ||
| 312,596 | ||
| 312,596 |
The financial statements were approved by the trustees on 31 March 2025 and signed on their behalf by:
Russell Adamson Trustee
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THATCHAM RUGBY FOOTBALL CLUB
Notes to the Financial Statements for the Year Ended on 31 May 2024
1 Accounting policies
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard FRS 102 and the Charities Act 2011.
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset Class Depreciation method and rate Freehold property 2% straight line basis Plant and equipment 25% straight line basis
Charitable activities
Charitable expenditure comprises costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
2 Income from donations and legacies
| Fundraising and sponsorship Grants me from charitable activities Subscriptions Tickets Sale of purchased goods - kit Club dinner |
Total Total 2024 2023 £ £ 6,865 16,162 18,270 800 25,135 16,962 Total Total 2024 2023 £ £ 30,912 26,732 5,980 14,814 681 417 2,560 1,782 40,133 43,745 |
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3 Income from charitable activities
4 Other income
| Room hire Sundry income Distribution from Red and Blue Trading Limited |
Total Total 2024 2023 £ £ 9,023 - 1,032 - 1,441 1,185 11,496 1,185 |
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5 Expenditure
| Travel and subsistence Physio and consumables Training courses Marketing and PR Insurance RFU fees and fines Kit Pitch hire Tickets Referees Club dinner and trophies Post match food and hospitality Professional fees Depreciation Rates Telephone and internet TV licences Repairs and maintenance Penalties and fines |
Total Total 2024 2023 £ £ 400 - 2,940 4,781 490 - 96 493 2,044 1,932 260 120 2,752 7,332 8,451 6,593 5,980 12,221 455 485 2,074 1,963 1,135 1,412 3,553 2,040 11,838 9,840 3,052 2,688 526 692 5,607 7,224 4,978 2,665 - 100 56,631 62,581 |
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6 Tangible fixed assets
| Cost at 1 June 2023 Additions at 31 May 2024 Depreciation at 1 June 2023 Charge for the year at 31 May 2024 Net book value At 31 May 2024 At 31 May 2023 |
Freehold Property £ 406,235 - 406,235 59,256 8,125 67,381 338,854 346,979 |
Furniture & equipment £ 12,793 2,058 14,851 6,846 3,713 10,559 4,292 5,947 |
Total £ 419,028 2,058 |
|---|---|---|---|
| 421,086 | |||
| 66,102 11,838 |
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| 77,940 | |||
| 343,146 | |||
| 352,926 |
7 Debtors
| Other debtors | Total Total 2024 2023 £ £ 503 6,091 |
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8 Cash and cash equivalents
| Cash at bank Short-term deposits |
Total Total 2024 2023 £ £ 33,002 7,808 6,254 2,615 39,256 10,423 |
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9 Creditors: amounts falling due within one year
| Other loans Accruals |
Total Total 2024 2023 £ £ 6,668 6,668 1,020 1,020 7,688 7,688 |
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10 Creditors: amounts falling due after one year
| Other loans | Total Total 2024 2023 £ £ 42,488 49,156 |
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The loan from Rugby Football Club Foundation is secured on the pavilion.
11 Funds
| Unrestricted Funds Balance bfwd Resources arising Resources used Balance cfwd |
Total Total 2024 2023 £ £ 312,596 313,285 76,764 61,892 (56,631) (62,581) 332,729 312,596 |
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12 Related party transactions
Thatcham Rugby Football Club owns 100% of shareholding in Red and Blue Trading Limited. The limited company runs the club's bar facilities and distributes profits to the club. Distributions in the year to 31 May 2024 totalled £1,441 (2023 - £1,185). At the balance sheet date the amount due from Red and Blue Trading Limited was £503 (2024 - £6,091)
Thatcham Rugb!. Footb211 Club Trustee's Report The truste¢s pr¢s¢nt th¢ amiual report tog¢iher with the financial slal¢ments of th¢ charity for the year ¢nd¢d 31 May 2024 Structure, governance and management ReeruiÉment dnd appointment of tru.%tees EaLh year tii'o Irustees siand down and iwo new ones appoinled. Or Ihe truslees standing down can slAnd again if they are elected by the club members at the AGM. The Lruslees are a mix of club members and exlernal people No new Trllsl¢¢s appoini¢d at th¢ AGM w¢r¢ appoinied al th¢ AGM. Orgunisational struLture Thc charity is a Charitable Incorporatcd Organisation and is govemcd by the constitution datcd 15, Fcbruary 2013 Objectives and activities Objects and aim The charity w'as set up to enable the local catchment area of Thatcham and the surrounding villages to benefit from the cost effectiC sporting recreational actiw'ily through the plasiing and coaching of rugby union The Irustccs have had duc regard to guidance published by the Charities Commission on public benefit The Charity offers the opponunity lo take part in all fornis of the rugby union game from mini rugby stsing at under 6 age group (mixed) ihrough to junior rugby, under I l - under 16 {male teams), with plans lo launch under 12 and under 14 girls teams for the coming season. This is in addition to maintaining two senior rugby teams and a walking rugby side. A number of the club volunteer coaches give up more of their time 10 coacli in local after school clubs lo lurth¢r benefii lh¢ lo¢al communiry. Thalcham Rugby Club host an annual schools rugby festival, coverino the whole of the community and surrounding areas. Publie benefil The Iru%tees confimi that they have complied with the requirements of section 17 of the charities act 201 I to have due regard lo the public benefit guidance published by the Charity Commi88ion for England and Wales Financial review PoliLy on reserves Thc reserves held at 31°, May 2024 will bc used to improvc thc wclfarc facilities within the sports pavilion during the year ended J I" May 2025 which is oivned by the charity. Going forward a reserve fund will be implemented to deal with emergency situations with the pavilion Th¢ annual report was approv¢d by th¢ trnst¢¢s of the charity on 7th January 2025 and sign¢d on its behalf by: Russell Adamson Trustee
Thatcham Rugb!. Football Club Statement of Trustee's Responsibilities Th¢ trust¢¢s are r¢sponsibl¢ for pr¢paring th¢ irust¢¢s' report and th¢ financial stat¢m¢nts in a¢cordanc¢ with th¢ United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires the Iruslees to prepare financial slalemenls for each financial year which give a Irue and fair view ofthe state of atrairs of Ihe chariiy and of ihe incoming resources and application or r¢sour¢es of the charity for that period. In pr¢paring th¢ financial staiem¢nts. th¢ trnsfr¢s ar¢ required to.. Select suithble accounting policies and ihen apply them eonsisl¢ntly' Observe the methods and principles in Ihe Charities SORP; Make judgements and estimates that are reasonable and prudent; State whether applicable acLounling standards havc been followed, subject to any material dcparturcs disclosed and explained in the financial statements; and Prepare the financial %tatement% on the going concem basis unless it is inappropriale lo presume Ihat the cbarity will continue in business. Th¢ trust¢¢s are r¢sponsibl¢ for k¢¢ping prop¢r accounting records that disclose with r¢asonabl¢ a¢¢ura¢y at any tlme the financial position of the charity and enable them io ensure that ihe financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Rcgulations, and the proiiisions of the constitution. Thc trustees are also responsible foT safeguarding the assets of the charit), and hcnLe for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the lrnstees of the charity on 7th January 2025 and signed on ils behalf by: Russell Adamson Trustee