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2022-06-30-accounts

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 2022

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 - 17
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 2022

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 2022

The Trustees present their annual report together with the financial statements of the The Rugby Development Foundation for the 1 July 2021 to 30 June 2022. 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 2022

Objectives and activities (continued)

c. Activities undertaken to achieve objectives

During the accounting period the Foundation received donations from Patrons & Trustees.

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 2022

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

THE RUGBY DEVELOPMENT FOUNDATION (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the company 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 Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company 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 company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees on 26 October 2022 and signed on their behalf by:

Peter Howard

................................................

P Howard Peter Howard (Oct 28, 2022, 12:48pm) Chair

Page 5

THE RUGBY DEVELOPMENT FOUNDATION

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 JUNE 2022

Independent examiner's report to the Trustees of The Rugby Development Foundation ('the company')

I report to the charity Trustees on my examination of the accounts of the company for the year ended 30 June 2022.

Responsibilities and basis of report

As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report.

Neville Ford Signed: Neville Ford (Oct 29, 2022, 10:21am) Neville Ford ACMA

Dated: 26 October 2022

Business Partners

Chartered Management Accountants

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 2022

Note
Income from:
Donations and legacies
3
Other trading activities
Total income
Expenditure on:
Charitable activities
4
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward
Unrestricted
funds
2022
£
75,625
-
75,625
50,661
50,661
24,964
32,252
24,964
57,216
Total
funds
2022
£
75,625
-
75,625
50,661
50,661
24,964
32,252
24,964
57,216
Total
funds
2021
£
75,625
466
76,091
52,735
52,735
23,356
8,896
23,356
32,252

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 10 to 17 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 2022

Note
Fixed assets
Current assets
Cash at bank and in hand
Creditors: amounts falling due within one
year
8
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
10
Unrestricted funds
General funds
10
Total unrestricted funds
10
Total funds
2022
£
57,816
57,816
(600)
57,216
2022
£
-
57,216
57,216
57,216
57,216
-
57,216
57,216
2021
£
32,852
32,852
(600)
32,252
2021
£
-
32,252
32,252
32,252
32,252
-
32,252
32,252

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.

The financial statements were approved and authorised for issue by the Trustees on 26 October 2022 and signed on their behalf by:

Page 8

THE RUGBY DEVELOPMENT FOUNDATION

(A company limited by guarantee) REGISTERED NUMBER: 08695683

BALANCE SHEET (CONTINUED) AS AT 30 JUNE 2022

Peter Howard

................................................

P Howard Peter Howard (Oct 28, 2022, 12:48pm)

(Chair of Trustees)

The notes on pages 10 to 17 form part of these financial statements.

Page 9

THE RUGBY DEVELOPMENT FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

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.

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.

2.4 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.

Page 10

THE RUGBY DEVELOPMENT FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

2. Accounting policies (continued)

2.5 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.

2.6 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.

2.7 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.

3. Income from donations and legacies

Donations
Donations
Unrestricted
funds
2022
£
75,625
Unrestricted
funds
2021
£
75,625
Total
funds
2022
£
75,625
Total
funds
2021
£
75,625

Page 11

THE RUGBY DEVELOPMENT FOUNDATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

4. Analysis of expenditure on charitable activities

Summary by fund type

Developing Player Programme
Administration & Governance
Developing Player Programme
Administration & Governance
Activity 12
Unrestricted
funds
2022
£
50,000
661
50,661
Unrestricted
funds
2021
£
50,000
626
2,109
52,735
Total
2022
£
50,000
661
50,661
Total
2021
£
50,000
626
2,109
52,735

5. Analysis of expenditure by activities

Developing Player Programme
Administration & Governance
Activities
undertaken
directly
2022
£
50,000
-
50,000
Support
costs
2022
£
-
661
661
Total
funds
2022
£
50,000
661
50,661

Page 12

THE RUGBY DEVELOPMENT FOUNDATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

5. Analysis of expenditure by activities (continued)

Activities Activities
undertaken Support Total
directly costs funds
2021 2021 2021
£ £ £
Developing Player Programme 50,000 - 50,000
Administration & Governance - 626 626
Activity 12 - 2,109 2,109
50,000 2,735 52,735
6. Independent examiner's remuneration
2022 2021
£ £
Fees payable to the company's independent examiner for the independent
examination of the company's annual accounts 600 600
7. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits_(2021 - £NIL)_.
During the year ended 30 June 2022, no Trustee expenses have been incurred_(2021 - £NIL)_.
8. Creditors: Amounts falling due within one year
2022 2021
£ £
Accruals and deferred income 600 600

Page 13

THE RUGBY DEVELOPMENT FOUNDATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

9. Financial instruments

2022 2021
£ £
Financial assets
Financial assets measured at fair value through income and expenditure 57,817 32,852

Financial assets measured at fair value through income and expenditure comprise monies held at bank.

Page 14

THE RUGBY DEVELOPMENT FOUNDATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

10.
Statement of funds
Statement of funds - current year
Balance at 1
July 2021
£
Unrestricted funds
Reserves
32,252
11.
Summary of funds
Summary of funds - current year
Balance at 1
July 2021
£
General funds
32,252
12.
Analysis of net assets between funds
Analysis of net assets between funds - current year
Current assets
Creditors due within one year
Difference
Total
Income
£
75,625
Income
£
75,625
Expenditure
£
(50,661)
Expenditure
£
(50,661)
Unrestricted
funds
2022
£
57,817
(600)
(1)
57,216
Balance at
30 June
2022
£
57,216
Balance at
30 June
2022
£
57,216
Total
funds
2022
£
57,817
(600)
1
57,216

Page 15

THE RUGBY DEVELOPMENT FOUNDATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

12. Analysis of net assets between funds (continued) Analysis of net assets between funds - prior year

Unrestricted
funds
2021
£
Current assets
32,852
Creditors due within one year
(600)
Total
32,252
13.
Reconciliation of net movement in funds to net cash flow from operating activities
2022
£
Net income for the year (as per Statement of Financial Activities)
24,964
Adjustments for:
Net cash provided by operating activities
24,964
14.
Analysis of cash and cash equivalents
2022
£
Cash in hand
57,817
Total cash and cash equivalents
57,817
Total
funds
2021
£
32,852
(600)
32,252
2021
£
23,356
23,356
2021
£
32,852
32,852

Page 16

THE RUGBY DEVELOPMENT FOUNDATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

15. Analysis of changes in net debt

Cash at bank and in hand At 1 July
2021
£
32,852
32,852
Cash flows
£
24,965
24,965
At 30 June
2022
£
57,817
57,817

Page 17

THE RUGBY DEVELOPMENT FOUNDATION

(A company limited by guarantee)

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2022

----- Start of picture text -----
2022 2022 2021 2021
£ £ £ £
Income
Donations 62,500 62,500
Gift Aid 13,125 13,125
Fundraising - 466
75,625 76,091
Gains on investments
- -
Gross income in the reporting period 75,625 76,091
Less:
Charitable Activities
Developing Player Programme 50,000 50,000
50,000 50,000
Governance
Accountancy 613 626
-
Write off of loan on dissolution of subsiduary 2,109
Bank Charges 48 -
661 2,735
Total expenditure 50,661 52,735
Net income before taxation for the reporting
period 24,964 23,356
Tax payable
- -
Net income for the reporting period 24,964 23,356
Surplus for the reporting period 24,964 23,356
-
(Deficit)/Surplus brought forward at 1 July 2021 (23,356)
Surplus carried forward at 30 June 2022 1,608 23,356
The notes on pages 10 to 17 form part of these financial statements.
----- End of picture text -----

Page 18

Issuer

Issuer Business Partners Document generated Fri, 28th Oct 2022 11:37:34 BST Document fingerprint 67a5da0afda8d8c7d38404a59d104ff0

Parties involved with this document

Document processed Party + Fingerprint Fri, 28th Oct 2022 12:48:05 BST Peter Howard - Signer (3e5b8058f1a251b5c0516662e40303a7) Sat, 29th Oct 2022 10:21:30 BST Neville Ford - Signer (24f130e347003a228faadd97404ffda3)

Audit history log

Date Action Sat, 29th Oct 2022 10:21:30 BST The envelope has been signed by all parties. (195.70.85.226) Sat, 29th Oct 2022 10:21:30 BST Neville Ford signed the envelope. (195.70.85.226) Sat, 29th Oct 2022 10:20:40 BST Neville Ford viewed the envelope. (195.70.85.226) Fri, 28th Oct 2022 12:48:07 BST Peter Howard viewed the envelope. (213.205.242.107) Fri, 28th Oct 2022 12:48:05 BST Document emailed to nford@bpartners.co.uk (18.169.134.121) Fri, 28th Oct 2022 12:48:05 BST Sent the envelope to Neville Ford (nford@bpartners.co.uk) for signing. (213.205.242.107) Fri, 28th Oct 2022 12:48:05 BST Peter Howard signed the envelope. (213.205.242.107) Fri, 28th Oct 2022 12:46:16 BST Peter Howard viewed the envelope. (213.205.242.107) Fri, 28th Oct 2022 11:48:43 BST Document emailed to peter@peterhoward.eu (13.40.11.64) Fri, 28th Oct 2022 11:48:43 BST Sent the envelope to Peter Howard (peter@peterhoward.eu) for signing. (195.70.85.226) Fri, 28th Oct 2022 11:40:23 BST Neville Ford has been assigned to this envelope (195.70.85.226) Fri, 28th Oct 2022 11:40:23 BST Peter Howard has been assigned to this envelope (195.70.85.226) Fri, 28th Oct 2022 11:38:12 BST Document generated with fingerprint 67a5da0afda8d8c7d38404a59d104ff0 (195.70.85.226) Fri, 28th Oct 2022 11:37:35 BST Envelope generated by Neville Ford (195.70.85.226)