REGISTERED COMPANY NUMBER: 08510437 (England and Wales) REGISTERED CHARITY NUMBER: 1155987
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31st May 2022
for
Congleton Rugby Union Football Club Ltd
Hammond McNulty LLP Bank House Market Square Congleton Cheshire CW12 1ET
Congleton Rugby Union Football Club Ltd
Contents of the Financial Statements for the Year Ended 31st May 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | to | 7 |
| Notes to the Financial Statements | 8 | to | 16 |
| Detailed Statement of Financial Activities | 17 | to | 18 |
Congleton Rugby Union Football Club Ltd
Report of the Trustees for the Year Ended 31st May 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st May 2022. The trustees have adopted the provisions of 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 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To promote community participation in healthy recreation by providing facilities for playing rugby union football (and other sports) ('facilities' means land, buildings, equipment and organising sporting activities);
To provide and assist in providing facilities for sport, recreation or other leisure time occupation of such persons who have need for such facilities by reason of their youth, age, infirmity or disablement, poverty or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving their conditions of life; to advance the education of children and young people through such mean as the directors think fit in accordance with the law of charity.
The policies adopted in furtherance of these objects are to provide a safe and welcoming environment for all to enjoy playing and participating in sport (in particular rugby union football) and there has been no change in these during the year.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Whilst the 2021/22 season thankfully saw a return to playing competitive rugby, it remained a challenging year for the club, financially. Although the club house has reopened (post its refurbishment), the changing rooms were closed for much of the season while they were made safe and refurbished. This resulted in the relocation of matches to another part of town with consequent impacts on bar revenue as visiting teams were less likely to return to town after the match. That said, once the renovation had been completed, the expected uplift in bar revenue has started to be realised, providing some hope for a more successful 2022/23 season.
During this year, the club has focused on:
-
continued fund raising to complete the changing rooms and the final phase of renovations
-
growing player recruitment, especially in respect of a greatly improved Mini and Junior section.
-
establishment of a separate trading account for the bar (with appropriate licences and agreements back to the CRUFC company) to allow the club to fully leverage that part of the business by enabling it to be open for the use of (and hire by) the general public.Going forward, this new arrangement will be reflected within the accounts of Congleton Rugby Union Football Club by a transfer of the profits from the Bar Company (known as Grizzly Limited) to CRUFC under the heading of Investment income.
Whilst relocation remains a key objective of the Trustees, relocation activity has been curtailed due to the external environment and lack of opportunities. The more immediate focus is now to maintain and improve our existing facilities to better support our Club members and the wider community.
FINANCIAL REVIEW
Reserves policy
The reserves policy of the charity is to maintain unrestricted free funds of the charity, at a sufficient level which enables the charity to be able to operate. Further to the recognition last year of the need for significant repairs to the club's premises, the renovation of the club house and changing rooms has now been completed. Further renovations to the outdoor area, including gents' toilet block, are planned for 2022/23. To support this, the Charity's funds are currently kept on deposit to be readily available at short notice.
Page 1
Congleton Rugby Union Football Club Ltd
Report of the Trustees for the Year Ended 31st May 2022
FINANCIAL REVIEW
Going concern
The Trustees have considered the on-going impact of COVID-19 and the refurbishment of the club's premises on the principal activities of the business and they believe that they have sufficient resources in place to operate for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.
During the year under review the club has principally been funded by grants, donations, membership subscriptions and Gift Aid tax repayment claims.
The Club continues to benefit from its charity status with an extension to the previous 3 year donation to fund the recruitment and employment of a Mini & Junior Director. The extension provides additional funding to enable the recruitment and employment of a club-wide Director of Rugby. Based on current expectations, sufficient funding is in place to finance both positions for the next 3 years.
The Financial results for the year are shown in the statement of financial activities on pages 5 to 12. As at 31 May 2022 total reserves were £436,747 (31 May 2021 £525,111) The Trustees will continue to monitor the reserves held by the charity.
Following the successful conversion of the Club into a Charity in 2014, the trustees have continued to benefit from Gift Aid tax relief. During the current period to May 2022 Gift Aid tax repayments of £6,395 (31 May 2021 £5,366) were received by the Charity. A substantial part of this tax repayment relates to the donation for the Mini & Junior coach.
Restricted funds
Restricted funds are for Club development and maintenance comprising:-
M & J Special Interest
A three year donation agreement secured by the Club in 2019 to finance the costs of recruitment and employment of a coach for the Mini and Junior section.
Making club house safer project
A Rugby Football Foundation capital grant to make our clubhouse safer in 2018.
Club House Repair
A grant from Congleton 4 Congleton, Cheshire Community Foundation & Congleton Inclosure Trust to refurbish the Club House and changing rooms in 2021 & 2022.
The Club operates a Small Society Lottery called the 200 Club. All profits raised from this are for Club development although these funds are not included in these accounts as Restricted funds.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its Articles of Association along with its club rules, it constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The formal governing document is the Articles of Association adopted on 16 May 2016. The charity was registered with the Charity Commission on 3 March 2014.
Recruitment and appointment of new trustees
Trustees are nominated by existing members using the forms available on the club website and are elected in the AGM. Vacant positions are advertised on the website, via social media and by word of mouth.
In accordance with the Articles of Association of Congleton RUFC all members of Congleton CRUFC are Voting members. Members have one vote each. Any Voting Member may nominate another member to be a Trustee. In accordance with Clause 20 of the Articles of Association, retiring Trustees are eligible for re-election as Trustees.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
08510437 (England and Wales)
Page 2
Congleton Rugby Union Football Club Ltd
Report of the Trustees for the Year Ended 31st May 2022
Registered Charity number 1155987
Registered office
Bank House Market Square Congleton Cheshire CW12 1ET
Trustees
M Smith Director (resigned 12/9/2022) P E Owen Director (resigned 12/9/2022) M T Somers Director (resigned 12/9/2022) A L Jones Director L Purcell Director (resigned 13/9/2021) Miss C A Lowe Director M J Davies Director - Treasurer P V Bernardi Director A J Simms Director (resigned 26/7/2021) C Brady Director S P Critchley Director (resigned 31/3/2022) N T Davenport Director J Gallimore Director (appointed 13/9/2021) Mrs A S Procter-Leese Director (appointed 13/9/2021) Dr J S Lea (appointed 12/9/2022) W R Gear (appointed 12/9/2022) Mrs S H Hennam-Dale (appointed 12/9/2022)
Company Secretary P V Bernardi
Independent Examiner
Mr Colin Higginson ACCA Hammond McNulty LLP Bank House Market Square Congleton Cheshire CW12 1ET
Approved by order of the board of trustees on 7th February 2023 and signed on its behalf by:
M J Davies - Trustee
Page 3
Independent Examiner's Report to the Trustees of Congleton Rugby Union Football Club Ltd
Independent examiner's report to the trustees of Congleton Rugby Union Football Club Ltd ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st May 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also 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 your charity's accounts as 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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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.
Mr Colin Higginson ACCA Hammond McNulty LLP Bank House Market Square Congleton Cheshire CW12 1ET
7th February 2023
Page 4
Congleton Rugby Union Football Club Ltd
Statement of Financial Activities
for the Year Ended 31st May 2022
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 45,883 Charitable activities 5 Cheshire Community Foundation - Cheshire East Council - Cheshire RFU - Congleton 4 Congleton - Congleton Inclosure Trust - Congleton Young People's Trust - NatWest Rugbyforce - Other trading activities 3 13,218 Investment income 4 4,304 Other income 506 Total 63,911 EXPENDITURE ON Raising funds 12,875 Charitable activities Match & training costs 15,507 Sport facility costs 8,213 Cheshire East Council - Other 6,306 Total 42,901 NET INCOME/(EXPENDITURE) 21,010 Transfers between funds 15 (72,691) Net movement in funds (51,681) RECONCILIATION OF FUNDS Total funds brought forward 351,947 TOTAL FUNDS CARRIED FORWARD 300,266 |
Restricted funds £ 251 - - - - 10,000 - - - - - 10,251 - - 79,108 - 536 79,644 (69,393) 66,858 (2,535) 4,142 1,607 |
M & J Special Interest £ (4,999) - - - - - - - - - - (4,999) - 29,822 901 - 4,259 34,982 (39,981) 5,833 (34,148) 169,022 134,874 |
31/5/22 Total funds £ 41,135 - - - - 10,000 - - 13,218 4,304 506 69,163 12,875 45,329 88,222 - 11,101 157,527 (88,364) - (88,364) 525,111 436,747 |
31/5/21 Total funds £ 74,025 2,000 21,370 2,000 1,800 4,000 250 500 - 1,218 1,250 |
|---|---|---|---|---|
| 108,413 | ||||
| 4,005 13,859 30,410 438 9,657 |
||||
| 58,369 | ||||
| 50,044 - |
||||
| 50,044 475,067 |
||||
| 525,111 |
The notes form part of these financial statements
Page 5
Congleton Rugby Union Football Club Ltd
Balance Sheet
31st May 2022
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 10 165,704 Investments 11 100 165,804 CURRENT ASSETS Stocks 12 - Debtors 13 18,343 Prepayments and accrued income - Cash at bank and in hand 117,087 135,430 CREDITORS Amounts falling due within one year 14 (967) NET CURRENT ASSETS 134,463 TOTAL ASSETS LESS CURRENT LIABILITIES 300,267 NET ASSETS 300,267 FUNDS 15 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 1,607 - 1,607 - - - - - - - 1,607 1,607 |
M & J Special Interest £ - - - - - - 134,873 134,873 - 134,873 134,873 134,873 |
31/5/22 Total funds £ 167,311 100 167,411 - 18,343 - 251,960 270,303 (967) 269,336 436,747 436,747 300,267 136,480 436,747 |
31/5/21 Total funds £ 167,997 - 167,997 547 - 5,000 359,280 364,827 (7,713) 357,114 525,111 525,111 351,947 173,164 525,111 |
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 6
continued...
Congleton Rugby Union Football Club Ltd
Balance Sheet - continued
31st May 2022
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 7th February 2023 and were signed on its behalf by:
M J Davies - Trustee
The notes form part of these financial statements
Page 7
Congleton Rugby Union Football Club Ltd
Notes to the Financial Statements
for the Year Ended 31st May 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
The following assets and liabilities are classified as financial instruments - trade creditors
Trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance Computer equipment - 33% on reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 8
Congleton Rugby Union Football Club Ltd
Notes to the Financial Statements - continued
for the Year Ended 31st May 2022
| 2. | DONATIONS AND LEGACIES | DONATIONS AND LEGACIES | ||
|---|---|---|---|---|
| 31/5/22 | 31/5/21 | |||
| £ | £ | |||
| Donations | 1,406 | 50,836 | ||
| Gift aid | 6,395 | 5,366 | ||
| Subscriptions | 18,158 | 7,422 | ||
| Match/training fees | 2,479 | - | ||
| Sponsorships | 3,339 | 1,993 | ||
| 200+ club income | 8,326 | 8,408 | ||
| International tickets | 1,032 | - | ||
| 41,135 | 74,025 | |||
| 3. | OTHER TRADING ACTIVITIES | |||
| 31/5/22 | 31/5/21 | |||
| £ | £ | |||
| Bar takings | 13,218 | - | ||
| 4. | INVESTMENT INCOME | |||
| 31/5/22 | 31/5/21 | |||
| £ | £ | |||
| Rents received | 2,000 | - | ||
| Grizzly profits | 1,511 | - | ||
| Deposit account interest | 793 | 1,218 | ||
| 4,304 | 1,218 | |||
| 5. | INCOME FROM CHARITABLE ACTIVITIES | |||
| 31/5/22 | 31/5/21 | |||
| Activity | £ | £ | ||
| Grants | Cheshire Community Foundation | - | 2,000 | |
| Grants | Cheshire East Council | - | 21,370 | |
| Grants | Cheshire RFU | - | 2,000 | |
| Grants | Congleton 4 Congleton | - | 1,800 | |
| Grants | Congleton Inclosure Trust | 10,000 | 4,000 | |
| Grants | Congleton Young People's Trust | - | 250 | |
| Grants | NatWest Rugbyforce | - | 500 | |
| 10,000 | 31,920 |
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
continued...
Page 9
Congleton Rugby Union Football Club Ltd
Notes to the Financial Statements - continued for the Year Ended 31st May 2022
6. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 31/5/22 | 31/5/21 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 4,127 | 3,124 |
| Deficit on disposal of fixed assets | - | 1 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st May 2022 nor for the year ended 31st May 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st May 2022 nor for the year ended 31st May 2021.
8. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 31/5/22 | 31/5/21 | |
|---|---|---|
| Coaching staff | 2 | 1 |
No employees received emoluments in excess of £60,000.
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 47,526 Charitable activities Cheshire Community Foundation - Cheshire East Council 21,370 Cheshire RFU 2,000 Congleton 4 Congleton - Congleton Inclosure Trust 4,000 Congleton Young People's Trust 250 NatWest Rugbyforce 500 Investment income 1,218 Other income 1,250 Total 78,114 EXPENDITURE ON Raising funds 4,005 Charitable activities Match & training costs 10,679 Sport facility costs 28,194 |
Restricted funds £ (1) 2,000 - - 1,800 - - - - - 3,799 - - 1,800 |
M & J Special Interest £ 26,500 - - - - - - - - - 26,500 - 3,180 416 |
Total funds £ 74,025 2,000 21,370 2,000 1,800 4,000 250 500 1,218 1,250 |
|---|---|---|---|
| 108,413 | |||
| 4,005 13,859 30,410 |
continued...
Page 10
Congleton Rugby Union Football Club Ltd
Notes to the Financial Statements - continued for the Year Ended 31st May 2022
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Cheshire East Council Other Total NET INCOME Transfers between funds Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 10. TANGIBLE FIXED ASSETS COST At 1st June 2021 Additions At 31st May 2022 DEPRECIATION At 1st June 2021 Charge for year At 31st May 2022 NET BOOK VALUE At 31st May 2022 At 31st May 2021 |
Unrestricted funds £ 438 5,758 49,074 29,040 1,540 30,580 321,367 351,947 Freehold property £ 150,000 - 150,000 - - - 150,000 150,000 |
Restricted funds £ - 714 2,514 1,285 (1,540) (255) 4,397 4,142 Fixtures and fittings £ 51,138 559 51,697 33,141 3,177 36,318 15,379 17,997 |
M & J Special Interest £ - 3,185 6,781 19,719 - 19,719 149,303 169,022 Computer equipment £ 433 2,882 3,315 433 950 1,383 1,932 - |
Total funds £ 438 9,657 58,369 50,044 - 50,044 475,067 525,111 Totals £ 201,571 3,441 205,012 33,574 4,127 37,701 167,311 167,997 |
Total funds £ 438 9,657 |
|
|---|---|---|---|---|---|---|
| 58,369 | ||||||
| 50,044 - |
||||||
| 50,044 475,067 |
||||||
| 525,111 | ||||||
The property owned in Park Street Congleton shown under Freehold Land and Buildings were revalued on 22 April 2014 at £150,000 by independent chartered surveyors Timothy A Brown Congleton. The carrying amount of the property would have been £60,129 if the asset was recorded under the cost model.
continued...
Page 11
Congleton Rugby Union Football Club Ltd
Notes to the Financial Statements - continued
for the Year Ended 31st May 2022
11. FIXED ASSET INVESTMENTS
| 11. | FIXED ASSET INVESTMENTS | ||
|---|---|---|---|
| Shares in | |||
| group | |||
| undertakings | |||
| £ | |||
| MARKET VALUE | |||
| Additions | 100 | ||
| NET BOOK VALUE | |||
| At 31st May 2022 | 100 | ||
| At 31st May 2021 | - | ||
| There were no investment assets outside the UK. | |||
| 12. | STOCKS | ||
| 31/5/22 | 31/5/21 | ||
| £ | £ | ||
| Stocks | - | 547 | |
| 13. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31/5/22 | 31/5/21 | ||
| £ | £ | ||
| Amounts owed by group undertakings | 18,343 | - | |
| 14. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31/5/22 | 31/5/21 | ||
| £ | £ | ||
| Trade creditors | (22) | 2,818 | |
| Social security and other taxes | 5 | 5 | |
| Pension creditor | 86 | - | |
| Other creditors | 538 | 248 | |
| Accrued expenses | 360 | 4,642 | |
| 967 | 7,713 |
continued...
Page 12
Congleton Rugby Union Football Club Ltd
Notes to the Financial Statements - continued
for the Year Ended 31st May 2022
15. MOVEMENT IN FUNDS
| Unrestricted funds General fund 200+ Club Restricted funds M & J Special Interest Making club house safer project Club house repair TOTAL FUNDS Net movement in funds, included in the above are as Unrestricted funds General fund 200+ Club Restricted funds M & J Special Interest Making club house safer project Club house repair TOTAL FUNDS |
At 1/6/21 £ 323,365 28,582 351,947 169,022 2,142 2,000 173,164 525,111 follows: |
Net movement in funds £ 15,085 5,926 21,011 (39,982) (535) (68,858) (109,375) (88,364) Incoming resources £ 55,585 8,326 63,911 (4,999) 1 10,250 5,252 69,163 |
Transfers between At funds 31/5/22 £ £ (43,691) 294,759 (29,000) 5,508 (72,691) 300,267 5,833 134,873 - 1,607 66,858 - 72,691 136,480 - 436,747 Resources Movement expended in funds £ £ (40,500) 15,085 (2,400) 5,926 (42,900) 21,011 (34,983) (39,982) (536) (535) (79,108) (68,858) (114,627) (109,375) (157,527) (88,364) |
|---|---|---|---|
continued...
Page 13
Congleton Rugby Union Football Club Ltd
Notes to the Financial Statements - continued for the Year Ended 31st May 2022
15. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund 200+ Club Restricted funds Sports equipment M & J Special Interest Making club house safer project Club house repair TOTAL FUNDS |
At 1/6/20 £ 298,193 23,174 321,367 1,540 149,303 2,857 - 153,700 475,067 |
Net movement in funds £ 23,632 5,408 29,040 - 19,719 (715) 2,000 21,004 50,044 |
Transfers between funds £ 1,540 - 1,540 (1,540) - - - (1,540) - |
At 31/5/21 £ 323,365 28,582 |
|---|---|---|---|---|
| 351,947 - 169,022 2,142 2,000 |
||||
| 173,164 | ||||
| 525,111 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund 200+ Club Restricted funds M & J Special Interest Making club house safer project Club house repair TOTAL FUNDS |
Incoming resources £ 69,706 8,408 78,114 26,500 (1) 3,800 30,299 108,413 |
Resources Movement expended in funds £ £ (46,074) 23,632 (3,000) 5,408 (49,074) 29,040 (6,781) 19,719 (714) (715) (1,800) 2,000 (9,295) 21,004 (58,369) 50,044 |
Resources Movement expended in funds £ £ (46,074) 23,632 (3,000) 5,408 (49,074) 29,040 (6,781) 19,719 (714) (715) (1,800) 2,000 (9,295) 21,004 (58,369) 50,044 |
|---|---|---|---|
| 29,040 19,719 (715) 2,000 |
|||
| 21,004 | |||
| 50,044 |
continued...
Page 14
Congleton Rugby Union Football Club Ltd
Notes to the Financial Statements - continued for the Year Ended 31st May 2022
15. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund 200+ Club Restricted funds Sports equipment M & J Special Interest Making club house safer project Club house repair TOTAL FUNDS |
At 1/6/20 £ 298,193 23,174 321,367 1,540 149,303 2,857 - 153,700 475,067 |
Net movement in funds £ 38,717 11,334 50,051 - (20,263) (1,250) (66,858) (88,371) (38,320) |
Transfers between funds £ (42,151) (29,000) (71,151) (1,540) 5,833 - 66,858 71,151 - |
At 31/5/22 £ 294,759 5,508 |
|---|---|---|---|---|
| 300,267 - 134,873 1,607 - |
||||
| 136,480 | ||||
| 436,747 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund 200+ Club Restricted funds M & J Special Interest Making club house safer project Club house repair TOTAL FUNDS |
Incoming resources £ 125,291 16,734 142,025 21,501 - 14,050 35,551 177,576 |
Resources Movement expended in funds £ £ (86,574) 38,717 (5,400) 11,334 (91,974) 50,051 (41,764) (20,263) (1,250) (1,250) (80,908) (66,858) (123,922) (88,371) (215,896) (38,320) |
Resources Movement expended in funds £ £ (86,574) 38,717 (5,400) 11,334 (91,974) 50,051 (41,764) (20,263) (1,250) (1,250) (80,908) (66,858) (123,922) (88,371) (215,896) (38,320) |
|---|---|---|---|
| 50,051 (20,263) (1,250) (66,858) |
|||
| (88,371) | |||
| (38,320) |
Page 15
continued...
Congleton Rugby Union Football Club Ltd
Notes to the Financial Statements - continued for the Year Ended 31st May 2022
16. RELATED PARTY DISCLOSURES
None of the trustees received remuneration or other benefit from their work with the charity. There were no connections between the trustees of the charity with any of its suppliers; therefore in the current year there are no such related party transactions to report.
The charity's wholly owned subsidiary If You're Gonna Be A Bear Be A Grizzly Limited was formed during the year to operate the bar in Park Street Congleton. If You're Gonna Be A Bear Be A Grizzly Limited has a licence from the charity to operate these facilities and pays all of its profits to the charity by gift aid. The charity owns the entire share capital of 100 Ordinary £1 shares A Summary of the trading results are shown below:
| Turnover Cost of sales Administrative expenses Rent to charity Net profit Amount gift aided to charity Retained in subsidiary The Assets and liabilities were: Current assets Current liabilities Aggregate share capital and reserves |
2022 £ 13,031 (6,890) (2,630) (2,000) 1,511 (1,511) - 18,683 (18,583) 100 |
|---|---|
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Congleton Rugby Union Football Club Ltd
Detailed Statement of Financial Activities for the Year Ended 31st May 2022
| 31/5/22 | 31/5/21 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 1,406 | 50,836 |
| Gift aid | 6,395 | 5,366 |
| Subscriptions | 18,158 | 7,422 |
| Match/training fees | 2,479 | - |
| Sponsorships | 3,339 | 1,993 |
| 200+ club income | 8,326 | 8,408 |
| International tickets | 1,032 | - |
| 41,135 | 74,025 | |
| Other trading activities | ||
| Bar takings | 13,218 | - |
| Investment income | ||
| Rents received | 2,000 | - |
| Grizzly profits | 1,511 | - |
| Deposit account interest | 793 | 1,218 |
| 4,304 | 1,218 | |
| Charitable activities | ||
| Grants | 10,000 | 31,920 |
| Other income | ||
| Other income | 506 | 1,250 |
| Total incoming resources | 69,163 | 108,413 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| 200+ club prizes | 2,400 | 3,000 |
| Function expenses | - | 755 |
| International ticket purchases | 2,670 | - |
| 5,070 | 3,755 | |
| Other trading activities | ||
| Opening stock | 547 | 250 |
| Bar purchases | 7,258 | 547 |
| Closing stock | - | (547) |
| 7,805 | 250 | |
| Charitable activities | ||
| Wages | 29,242 | 2,339 |
| Carried forward | 29,242 | 2,339 |
This page does not form part of the statutory financial statements
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Congleton Rugby Union Football Club Ltd
| Charitable activities Brought forward Pensions Rent, rates and water Insurance Light and heat Telephone Advertising Sundries Match & training costs Cleaning & laundry Repairs & renewals Subscription & licence fees Donations Other Motor Expenses Fixtures and fittings Computer equipment Support costs Management Postage and stationery Loss on sale of tangible fixed assets Finance Bank charges Governance costs Independent examiner fees Accountancy fees Legal fees Professional fees Total resources expended Net (expenditure)/income |
Detailed Statement of Financial Activities for the Year Ended 31st May 2022 31/5/22 31/5/21 £ £ 29,242 2,339 332 - 168 94 1,943 1,923 1,838 4,443 718 1,009 32 50 5,649 2,596 8,237 7,426 1,309 30 83,265 23,003 650 674 115 438 133,498 44,025 3,789 2,717 3,178 3,124 950 - 7,917 5,841 53 42 - 1 53 43 867 323 360 360 1,544 2,064 413 640 - 1,068 2,317 4,132 157,527 58,369 (88,364) 50,044 |
Detailed Statement of Financial Activities for the Year Ended 31st May 2022 31/5/22 31/5/21 £ £ 29,242 2,339 332 - 168 94 1,943 1,923 1,838 4,443 718 1,009 32 50 5,649 2,596 8,237 7,426 1,309 30 83,265 23,003 650 674 115 438 133,498 44,025 3,789 2,717 3,178 3,124 950 - 7,917 5,841 53 42 - 1 53 43 867 323 360 360 1,544 2,064 413 640 - 1,068 2,317 4,132 157,527 58,369 (88,364) 50,044 |
|---|---|---|
| 44,025 2,717 3,124 - |
||
| 5,841 42 1 |
||
| 43 323 360 2,064 640 1,068 |
||
| 4,132 | ||
| 58,369 | ||
| 50,044 |
This page does not form part of the statutory financial statements
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