**Registered number: 08695683 Charity number: 1154222**
## **THE RUGBY DEVELOPMENT FOUNDATION**
**(A company limited by guarantee)**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 30 JUNE 2021**
## **THE RUGBY DEVELOPMENT FOUNDATION (A company limited by guarantee)**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the company, its Trustees and advisers**|1|
|**Trustees' report**|2 - 5|
|**Independent examiner's report**|6|
|**Statement of financial activities**|7|
|**Balance sheet**|8 - 9|
|**Notes to the financial statements**|10 - 18|
|The following pages do not form part of the statutory financial statements:||
|**Charity Detailed income and expenditure account and summaries**||
**THE RUGBY DEVELOPMENT FOUNDATION (A company limited by guarantee)**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2021**
|**Trustees**|P Howard, Chair (appointed 18 September 2013)|
|---|---|
||MP Bylina (appointed 18 September 2013)|
||PJ Wheeler (appointed 2 November 2015)|
||CM Wills (appointed 12 November 2019)|
|**Company registered**
**number**
08695683
**Charity registered**
**number**
1154222
**Registered office**
Unit 19 The Manor
Main Street
Tur Langton
Leicester
LE8 0PJ
**Chief executive officer**
P Howard
**Accountants**
Business Partners
Chartered Management Accountants
Unit 19 The Manor
Main Street
Tur Langton
Leicester
LE8 0PJ||
Page 1
**THE RUGBY DEVELOPMENT FOUNDATION**
**(A company limited by guarantee)**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2021**
The Trustees present their annual report together with the financial statements of the The Rugby Development Foundation for the 1 July 2020 to 30 June 2021. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
## **Objectives and activities**
## **a. Policies and objectives**
The objects of the Charity are (in each case for the benefit of the public):
1. to advance the education (including physical and social training) of children and young people, in particular (but not limited to) in rugby union football;
2. to promote community participation in healthy recreation and physical activity by facilitating the playing of rugby union football at an amateur level;
3. to advance in life and relieve children and young people in need because of financial hardship, family circumstances or other social or economic disadvantage;
4. to promote social inclusion (including providing equal opportunities and eliminating discrimination) of children and young people who are socially excluded from society, or part of society, as a result of being a member of a socially and economically deprived community; and
5. to promote the social inclusion of other members of any socially and economically deprived community of which such children or young people are members who are themselves socially excluded from society, or part of society, as a result of being a member of a socially and economically deprived community;
in particular (but not limited to) in Leicestershire (but without limitation) by:
1. providing and enabling access to education, in particular (but not limited to) in rugby union football, through the provision of means-tested bursaries, other financial assistance;
2. promoting participation in rugby union football and arranging for children and young people to attend, or assisting them to attend, any educational establishment or such other institution or sponsoring or paying fees in connection with the provision of training, coaching or any specialist teaching in rugby union football; and
3. providing financial assistance to allow for the purchase of sports equipment for the use and benefit of the local community.
For the avoidance of doubt, the expression 'young people' in these Objects means any individual under the age of 21 years.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## **b. Strategies for achieving objectives**
Fundraising through organising of events and canvassing supporters and connected commercial organisation for donations and sponsorship and the application of those funds to further the objectives of the Foundation.
Page 2
**THE RUGBY DEVELOPMENT FOUNDATION (A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021**
## **Objectives and activities (continued)**
## **c. Activities undertaken to achieve objectives**
During the accounting period the Foundation received donations from Patrons, Trustees and sponsorship from various commercial organisations. During the year the trading company of the Foundation was dissolved as no longer of use.
The funds raised were used to pay for bursaries, courses & rugby coaching sessions in a variety of locations for local young people in Leicestershire.
## **d. Grant-making policies**
Grants and bursaries were made after recommendations received from one of our Partner Organisations and consideration by the Trustees.
## **e. Main activities undertaken to further the company's purposes for the public benefit**
Grants & bursaries were made to support grassroots rugby across our region involving about 4,000 young people.
## **Achievements and performance**
## **a. Main achievements of the company**
The Foundation provided coaching and support to approximately 4,000 young people across our region.
## **Financial review**
## **a. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
## **b. Reserves policy**
It is the intension of the Trustees to apply all available funds to the objects of the charity. Any funds not so dispersed will be held in an interest bearing account with a properly authorised bank or financial institution.
## **Structure, governance and management**
Page 3
**THE RUGBY DEVELOPMENT FOUNDATION**
**(A company limited by guarantee)**
**TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021**
## **Structure, governance and management (continued)**
## **a. Constitution**
The Rugby Development Foundation is registered as a charitable company limited by guarantee. The company is constituted under a Trust deed dated 18/9/13 and is a registered charity, number 1154222.
The principal object of the company is to advance the education of children and young people in rugby union, by providing and enabling access through the provision of means-tested bursaries & other financial assistance and access to training, coaching and specialist teaching and providing financial assistance for the purchase of sports equipment for the use and benefit of the local community.
There have been no changes in the objectives since the last annual report.
## **b. Methods of appointment or election of Trustees**
The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.
## **c. Financial risk management**
The Trustees have assessed the major risks to which the company is exposed, in particular those related to the operations and finances of the company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
## **Members' liability**
The Members of the company guarantee to contribute an amount not exceeding £1 to the assets of the company in the event of winding up.
Page 4
FOR THE YE*R ENDED 30 JUNE 2021
of the stale of affairs of the company arKI of its InGn reS[co$ aThJ applKaton of resouw, inchjding
state wthelhw apF4Kable UK A¢CEr¥3 StaTrJarts IFRS 11r2) have boen folk*, &ie¢l to any
are also reS91e for safgJuwthrvJ the assets the cnpanY for takK rw)n&)le steps for the
by.
Chair
Page 5
THE RUGBY DEVELOPMENT FOUNDATION
{A Company Ilmlted by guarnntoel
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 30 JUNE 2021
Indend•nt •xamln•e8 rnport to th• Tru¥to81 of Th Rugby Dgvelopment Foundatlon I'the
Company)
I report lo th8 ch8rfty Trustees on my ex8mlnalon of the acwjnts ol the Company for the year endad 30 June
2021.
R•spon•lbllltlg• •nd ba¥ls of rnport
As the Trusltses of the company {and its directors for the purposes of company18w) you aro re5ponsSble for the
prep8rallon of the accounts in accordance vAlh the requirements of tha Companles Act 20061'th6 2006 A¢fl.
Havlng 8all$fled myself that the ac¢ounls of the company are not roqulred lo be audlted under Part 16 of the
2006 Act and are ellgSbl$ for Independent examlnallon, I report In respect of my 8xaminalion of th8 companls
accounts ¢arTled out under sectlon 145 of the Charlb'es Act 20111'lhe 2011 Acl'l. In carrying out my examination
I havg fdlowed the Dlre¢t6ons glven by th8 Charlty CommlssSon under sectSon 14515llbl of th6 2011 Act.
Ind•p•nd•nt •xamln•rf• •tat•m•nl
I have complet¢d my examination. I conflm Ihal no mattgr5 have come to my attenllon in connectlon with the
examlnalon giving me ¢au$e lo belleve:
accountlng ra¢ord$ woro not kept In respect of the company as requlred by Sectlon 386 of the 2006 Act,.
or
tha 8cMunls do r1 accord vllh those re¢ord$,' or
Ihg accoun18 do not comply ¥th the accountlng requlrem8nls of ¥tIon 396 of the 2006 Act othar than
any requlrement that the account8 glve a 'true and fabrf view Nthlch Is not a matter considarod as part of
an Independent examinalSon', or
the accounts have not be$n prepared in accordance ¥th the methods and pnpIeS of the Stslgmenl of
Recommended Practlce for accounting and reportlng by charftles lappll¢8ble lo charflle8 prep8rlng Ihelr
accounts in accordance with the Financlal Reporting Standard applicable In the UK and Republic of
Ireland {FRS 102)].
I have no ¢on¢ems and have come across no other mallers In connectlon with the 8xaminalion lo whlch
attentlon $hwld be dmvn In th18 report in ler lo enable a proper und9rstandlng of the accounts lo be
reached.
This report is made solely lo the companls Trustees, as 8 body. In a¢eordance wth Part 4 of the Charilles
{Accounts and Reports} Regulations 2008. My work has been undertaken so that I mlghl Stsle lo the companys
Trustees those matters l am required to stal8 to them in an Independent examlnevs report and for no other
purpose. To the fulle
the company and the
extent pemiitted by law, I do not accept or assume responsibllity lo arryone other than
panls Trustees as a body. for my work or for this report.
Signed..
NalIe Ford
Dated.. 20 September 2021
ACMA
Bu$ln•ss Partne
Chartered Management Acwuntants
Page 6
## **THE RUGBY DEVELOPMENT FOUNDATION (A company limited by guarantee)**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2021**
|**Note**
**Income from:**
Donations and legacies
3
Other trading activities
Investments
4
**Total income**
**Expenditure on:**
Charitable activities
5
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2021**
**£**
**75,625**
**466**
**-**
**76,091**
**52,735**
**52,735**
**23,356**
**8,896**
**23,356**
**32,252**|**Total**
**funds**
**2021**
**£**
**75,625**
**466**
**-**
**76,091**
**52,735**
**52,735**
**23,356**
**8,896**
**23,356**
**32,252**|_Total_
_funds_
_2020_
_£_
_73,125_
_-_
_2_
_73,127_
_87,739_
_87,739_
_(14,612)_
_23,508_
_(14,612)_
_8,896_|
|---|---|---|---|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 10 to 18 form part of these financial statements.
Page 7
## **THE RUGBY DEVELOPMENT FOUNDATION (A company limited by guarantee) REGISTERED NUMBER: 08695683**
## **BALANCE SHEET AS AT 30 JUNE 2021**
|**Note**
**Fixed assets**
Investments
9
**Current assets**
Debtors
10
Cash at bank and in hand
Creditors: amounts falling due within one
year
11
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset**
**Total net assets**
**Charity funds**
Restricted funds
13
Unrestricted funds
General funds
13
Total unrestricted funds
13
**Total funds**|**2021**
**£**
**-**
**32,852**
**32,852**
**(600)**
**32,252**|**2021**
**£**
**-**
**-**
**32,252**
**32,252**
**32,252**
**32,252**
**-**
**32,252**
**32,252**|_2020_
_£_
_1,498_
_7,997_
_9,495_
_(600)_
_8,896_|_2020_
_£_
_1_|
|---|---|---|---|---|
|||||_1_
_8,895_|
|||||_8,896_|
|||||_8,896_|
|||||_8,896_|
|||||_-_
_8,896_|
|||||_8,896_|
The company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
Page 8
S AT 3• JUNE 2021
(Chair of Trust*s)
Page 9
**THE RUGBY DEVELOPMENT FOUNDATION (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021**
## **1. General information**
The Rugby Development Foundation is a company limited by guarantee registered in England & Wales under registration number 08695683. It is also registered as a charity with The Charity Commisssion under charity number 1154222. The registered office address is shown on the Administrative Details page of these accounts and the principal place of business is Marston Trussell Hall, Marston Trussell, Market Harborough.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The Rugby Development Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **2.2 Income**
All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
## **2.3 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
Page 10
**THE RUGBY DEVELOPMENT FOUNDATION (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021**
## **2. Accounting policies (continued)**
## **2.4 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
## **2.5 Investments**
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.
Investments in subsidiaries are valued at cost less provision for impairment.
## **2.6 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **2.7 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **2.8 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
## **2.9 Financial instruments**
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Page 11
## **THE RUGBY DEVELOPMENT FOUNDATION**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021**
## **2. Accounting policies (continued)**
## **2.10 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.
Investment income, gains and losses are allocated to the appropriate fund.
## **3. Income from donations and legacies**
|Donations
Donations|**Unrestricted**
**funds**
**2021**
**£**
75,625
_Unrestricted_
_funds_
_2020_
_£_
_73,125_|**Total**
**funds**
**2021**
**£**
**75,625**|
|---|---|---|
|||_Total_
_funds_
_2020_
_£_
_73,125_|
## **4. Investment income**
|||**Total**|
|---|---|---|
|||**funds**|
|||**2021**|
|||**£**|
||_Unrestricted_|_Total_|
||_funds_|_funds_|
||_2020_|_2020_|
||_£_|_£_|
|Investment income - local cash|_2_|_2_|
Page 12
**THE RUGBY DEVELOPMENT FOUNDATION**
**(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021**
## **5. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|Developing Player Programme
Administration & Governance
Write off of loan on dissolution of subsiduary
Developing Player Programme
Administration & Governance|**Unrestricted**
**funds**
**2021**
**£**
50,000
626
2,109
52,735
_Unrestricted_
_funds_
_2020_
_£_
_87,050_
_689_
_87,739_|**Total**
**funds**
**2021**
**£**
**50,000**
**626**
**2,109**
**52,735**|
|---|---|---|
|||_Total_
_funds_
_2020_
_£_
_87,050_
_689_
_87,739_|
## **6. Analysis of expenditure by activities**
|Developing Player Programme
Administration & Governance
Write off of loan on dissolution of subsiduary|**Activities**
**undertaken**
**directly**
**2021**
**£**
50,000
-
-
50,000|**Support**
**costs**
**2021**
**£**
-
626
2,109
2,735|**Total**
**funds**
**2021**
**£**
**50,000**
**626**
**2,109**
**52,735**|
|---|---|---|---|
Page 13
**THE RUGBY DEVELOPMENT FOUNDATION**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021**
## **6. Analysis of expenditure by activities (continued)**
|Developing Player Programme
Administration & Governance|_Activities_
_undertaken_
_directly_
_2020_
_£_
_87,050_
_-_
_87,050_|_Support_
_costs_
_2020_
_£_
_-_
_689_
_689_|_Total_
_funds_
_2020_
_£_
_87,050_
_689_
_87,739_|
|---|---|---|---|
## **7. Independent examiner's remuneration**
||**2021**|_2020_|
|---|---|---|
||**£**|_£_|
|Fees payable to the company's independent examiner for the independent|||
|examination of the company's annual accounts|**600**|_600_|
## **8. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2020 - £NIL)_ .
During the year ended 30 June 2021, no Trustee expenses have been incurred _(2020 - £NIL)_ .
## **9. Fixed asset investments**
|At 1 July 2020
Amounts written off
**Net book value**
_At 30 June 2020_|**Investments**
**in**
**subsidiary**
**companies**
**£**
**1**
**(1)**
_1_|
|---|---|
Page 14
## **THE RUGBY DEVELOPMENT FOUNDATION**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021**
## **10. Debtors**
|**Due within one year**
Amounts owed by group undertakings
**Creditors: Amounts falling due within one year**
Accruals and deferred income|**2021**
**£**
**-**
**-**
**2021**
**£**
**600**|_2020_
_£_
_1,498_|
|---|---|---|
|||_1,498_|
|||_2020_
_£_
_600_|
## **11. Creditors: Amounts falling due within one year**
## **12. Financial instruments**
||**2021**|_2020_|
|---|---|---|
||**£**|_£_|
|**Financial assets**|||
|Financial assets measured at fair value through income and expenditure|**32,852**|_7,997_|
Financial assets measured at fair value through income and expenditure comprise monies held at bank.
Page 15
## **THE RUGBY DEVELOPMENT FOUNDATION**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021**
|**13.**
**Statement of funds**
**Statement of funds - current year**
**Balance at 1**
**July 2020**
**£**
**Unrestricted funds**
Reserves
**8,896**
**14.**
**Summary of funds**
**Summary of funds - current year**
**Balance at 1**
**July 2020**
**£**
General funds
**8,896**
**15.**
**Analysis of net assets between funds**
**Analysis of net assets between funds - current year**
Current assets
Creditors due within one year
**Total**|**Income**
**£**
**76,091**
**Income**
**£**
**76,091**|**Expenditure**
**£**
**(52,735)**
**Expenditure**
**£**
**(52,735)**
**Unrestricted**
**funds**
**2021**
**£**
32,852
(600)
32,252||**Balance at**
**30 June**
**2021**
**£**
**32,252**
**Balance at**
**30 June**
**2021**
**£**
**32,252**
**Total**
**funds**
**2021**
**£**
**32,852**
**(600)**
**32,252**|
|---|---|---|---|---|
||||||
||||||
Page 16
**THE RUGBY DEVELOPMENT FOUNDATION (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021**
## **15. Analysis of net assets between funds (continued)**
## **Analysis of net assets between funds - prior year**
|Fixed asset investments
Current assets
Creditors due within one year
**Total**|_Unrestricted_
_funds_
_2020_
_£_
_1_
_9,495_
_(600)_
_8,896_|_Total_
_funds_
_2020_
_£_
_1_
_9,495_
_(600)_
_8,896_|
|---|---|---|
## **16. Reconciliation of net movement in funds to net cash flow from operating activities**
## **17.**
|Net income/expenditure for the year (as per Statement of Financial
Activities)
**Adjustments for:**
**Net cash provided by/(used in) operating activities**
**Analysis of cash and cash equivalents**
Cash in hand
**Total cash and cash equivalents**|**2021**
**£**
**23,356**
**23,356**
**2021**
**£**
**32,852**
**32,852**|_2020_
_£_
_(14,612)_
_(14,612)_
_2020_
_£_
_7,997_
_7,997_|
|---|---|---|
Page 17
**THE RUGBY DEVELOPMENT FOUNDATION**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021**
## **18. Analysis of changes in net debt**
|Cash at bank and in hand|**At 1 July**
**2020**
**£**
**7,997**
**7,997**|**Cash flows**
**£**
**24,855**
**24,855**|**At 30 June**
**2021**
**£**
**32,852**
**32,852**|
|---|---|---|---|
Page 18
## **THE RUGBY DEVELOPMENT FOUNDATION (A company limited by guarantee)**
## **INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2021**
|**Income**
Donations
Gift Aid
Fundraising
Interest
**Gains on investments**
**Gross income in the reporting period**
**Less:**
**Charitable Activities**
Developing Player Programme
**Governance**
Accountancy
Legal
Bank Charges
Write off of loan on dissolution of subsiduary
**Total expenditure**
**Net income/(expenditure) before taxation for the**
**reporting period**
**Tax payable**
**Net income/(expenditure) for the reporting period**
**Surplus/(Deficit) for the reporting period**
**(Deficit)/Surplus brought forward at 1 July 2020**
**Surplus carried forward at 30 June 2021**|**2021**
**£**
**62,500**
**13,125**
**466**
**-**
**50,000**
**626**
**-**
**-**
**2,109**|**2021**
**£**
**76,091**
**-**
**76,091**
**50,000**
**2,735**
**52,735**
**23,356**
**-**
**23,356**
**23,356**
**(8,896)**
**14,460**|_2020_
_£_
_62,500_
_10,625_
_-_
_2_
_87,050_
_600_
_13_
_76_
_-_|_2020_
_£_
_73,127_
_-_
_73,127_
_87,050_
_689_
**87,739**
**(14,612)**
_-_
**(14,612)**
_(14,612)_
_23,508_
_8,896_|
|---|---|---|---|---|
Page 19
**THE RUGBY DEVELOPMENT FOUNDATION (A company limited by guarantee)**
**INCOME AND EXPENDITURE ACCOUNT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021**
The notes on pages 10 to 18 form part of these financial statements.
Page 20