Charity registratlon number.- 1159601 ROCHDALE HORNETS SPORTING FOUNDATION TRusfEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 DJnielle Makin TIA DLM A¢countsnts
Rothdale Hornets Sporting Foundation Contents Pa9• Trustees. Report Independent ExamlneWs Report Statement of Financhal Artiviti¢s Statement of Financial Position Notes to the FinarKial Statements
Rochdale Hornets Sportlng Foundatlon Trustees, Report For The Year Ended 31 December 2024 The trustees present thelr report and the flnanclal statements for the year ended 31 December 2024. Objectiva and Activltles Aims and Objecliv The objectlves of the CJO are ft)r public beneflt.. i. to promote ctsmmunlty participation In healthy recreation by provldlng facllltles for the playlng of rugby league within the communlty of R(Khdale Borough and other sports capable Df improving health,. 2. to prt>vide and assist In the provISi of facllities for CreatIon and other lelsure time cccupatlon of such person$ who have need for such faciliUes by reason of youth, age, 511 health, disabllity, financlal hardship, poverty or soclal and conomlc disadvantages or the publSc at large In the intérest of social welfare and with the object of improving their condltlons of Ilfe; 3. to help young people, especially but not excluslvely through leisure time activitles so as to develop their capabilitiès that they may grow to full maturity as indlvidua15 and rneMbe of soclety. p1¢ Ben•fit Activlties undertaken for publlc benefit indude.. The Charity emer9ed from the pandemic with renewed focus. We were successful in increèslng our grant based turnover with partlcular success around the historlcal Ilnks been Rochdale Hornets and FIJI. We have also b&n able to dNer5ify our delivery offer, engaglng with a wlder and rll0 dlverse audience. After the panderni¢ we were able to SUCtessfulW restart both the wheelchalr and women's team, thos year we have restarted our Learning disablllty team and we were also able to add more grdssroots cornmunity based delivery to supplement thi5. We also worked with veteran5' groups as well as local schools and communlty oryanlzation's to further embedded ourselves Into the wider community. Golng forward malntaining this level of grant based income, as wèll as Increaslng the amount generated away from grants will always present challenges, but we are confident we have the structures In place to maintsln and pro9$. The trustees confirm that they have complied wlth the requlrements of Secrion 17 of the Charities Act 2011 to have due regard to the Charlty ComTnIson'S guidance on public benefit. RefereKe and Admlnlstratlve Detslls Tru*tees Mr Mark Wynn - Chair Ms ArnbeT Nisa lappoirntsd 01101120241 Mr Paul Ormrcm Ch•rlty Numbér 1159601 Prlndpal Addre99 CIO Rochdale Hornets R L Club Sandy Lane Rochdale OLII 5DR Independent Ex•mlner Danlelle Nakin Danielle Makin TIA DLM Accountants 12 The Hedgerows Whltwtsrth Rochdale Lancashire OLL2 8AW Page I
Rochdale Hornets Sportlng Foundation Trustees, Report (contlnued) For The Year Ended 31 December 2024 The trustees, report was approved by the tNJard of trustees and signéd on its behalf by.. Mr Mark Wynn Trustee 0510912025 Page 2
Rochdale Hornets Sportlng Foundation Ifidependent Examlner's Report to the Trustees of Rochdale Hornets Sporting Foundation For The Year Ended 31 December 2024 I port to the trustees on rny examinatlon of the accounts of ROChda Hornets Spjrting Foundation (the Trust) for the year ended 31 December 2024. Responslbllltleg and Bas1$ of Report As the charity trust8es of the Trust you are respDnsible for the preparatSon of the accounts in aCcdanCe with the reqU1MentS of the Charltles Act 2011 1.the Act. I report In respect of my examination of the Trust's accounts carrled out under section 145 of the 2011 Art and in carrying out my examinauon, I have followed the appllcable Direttions given by the Charlty Commlssk)n unlter sectlon 145{5llb) of the Act. Independent Examiner's Ststement J have cOmeted my examlnatlon. I confirm that no Mateal maLter5 have come to my attenon In connettlon wlth the examination glvlng me cause to bèlieve that Trn any material respect.. l. accountlng records were not kept in respect of the Trust js qUfjred by sectyon 130 of the Art,. cf 2. the accounts do not accord wlth those records; or 3. the accounts do not comply wlth the applicable requirements ConrnIng the fom and contents of accounts set out In the Charities (Accounts and Reports) Regulatlon$ 2008 other than any requirement that the accounts glve a 'true and fair vlew, which is not a matter ConsIde as of an intlependent examination. I have ng concems and have corne across no other matters in connectlon wh the examlnation to whlch attentlon should be drawrn in thls report in order t¢) ènable a proper understanding of the accounts to be reached. Danldle Makin 0510912025 12 The Hedgerows Whitworth Rochdale Lancashlre OL12 8AW Page 3
Rochdale Hornets Sportlng Foundatlon statement of Financial Activities For The Year Ended 31 December 2024 2024 Unrestricted Restricted funds fvnd$ Total funds t4ot INCOME AND ENDOWMENTS FROM: Donatlons and legacies 29,440 20.803 50,243 EXPÈNDITURE ON.. Raislng funds Chable activities: Bank charyes Legallprofessional fees Printing and stationery 112,8771 13B,634) {51.5111 {601 {1,1091 14031 1601 11.1091 14031 114,4491 138,634} 153,0831 NET EXPENDThURE 14,991 117,8311 12,8401 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Toral funds brought forward 14,991 117,8311 12.8401 6,999 22,831 29.830 TOTAL FUNDS CARRIEO FORWARD li 21,990 5,000 26,990 The notes on pages 6 to 8 form part of ihese financial statements. Page 4
Rochdale Hornets Sporting Foundation Statement of Financial Posltion As At 31 December 2024 2024 Ure$tted Restritted fvDds fvnd$ Tot¥1 fund# Not CURRENT ASSETS Debtcprs Cash at bank and in hand 21.500 491 21,500 5,491 5,000 21,99L 5,000 26,991 Credltors: Amounts Falllng Due Wllhln On• Year io P4Ef CURRENT ASSETS (LU81UTIES) 21,990 5,000 26,9%) TOTAL ASSEfs LESS CURRENT LIABILrriES 21,990 5,000 26.990 NET ASSETS 21,990 5,000 26.990 FUNDS OF THE CHARITY Restricted Funds Unrestricted Funds 5.000 21.990 TOTAL FUNDS li 26,990 On behaff of the board Mr Mark Wynn Trustee 051/2025 The notes on pages 6 to 8 form part of these financlal ststements. Page 5
Rochdale Hornets Sporting Foundation Note5 to the Flnancial Statements For The Year Ended 31 December 2024 l. Gener•1 Informatlon Rochdale Homets Sporting Foundatlon Is a charitable incorpDrated organlsation gIstered wlth the Charity Commission, reglstered charSty number 1159601. The prlncipal a(lress 15 CIO Rochdale Homets R L Club. Sandy Lane. Rochdale, OLII 5DR. 2. AoUntIng Pollcles 2.1. Basls ot Preyrntlon of nInl•l Ststements The financial statements have been prepared in aecordance wlth the CharUes SORP IFRS 1021 'Accounting and Reporung by Charitles.. Ststement of Recommended Practice applicable to charities preparing their accounts in accordance wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effertive I January 20191" Financlal Reporting Standard 102 "The Flnancial Rep)rting Stsndard appllcable In the UK and Republlc of IrelaThJ' and the Charities Act 201 L. charSty Is a PublK Benent Entity as deflned by FRS 102. 2.2. Incomlng Resources Income from donations and grants Is recognised when the thatr is entitled to the funds, the receipt is probable and the amount Can be measured relsably. For donatlons, this Is usually on elpt. For grants, this Is usually when a formal offer is made In wrltin9. If a dOnatn or grant contains terms and conditions oUtse of the charity's control which must be met before the charity is entItl to the funds, or if the donor specifies that the funds must be used in futu time perfod5, then the Income is deferred. 2.3. Reswrr¢6 Exp•nded Expenditu is recognSsed when a present legal or Constructive obligation exists at the balance sheet date as a rttult of a past event, It Is probable thai a transfer of econornlc benefits wlll be required to settle the obligation, and the amount can be estlmated lIablY. It Is inclu51ve of VAT which cannot be recovered. Direct Costs a those costs which directly attribute to Irs activities. Wages and salarles are allocated to direct costs based on an estlmate of time spent on charitable attivities by staff members. Support Costs include stsff costs 4nd are thosè which do not produce direct output. Staff costs relate to specifie activities and this is reflected in the allocation of payroll costs based on th& percentage of titne spent. All costs, including governance costs, are allocateij between rhe expenditure cateoories of the charity on a basls designed to reflect the use of the resource. Costs latIng to a particular attivity are charged directly,. Othe are apportioned on an appropriate basls. Support costs and overheads have been cèlculated by allocating staff time to the level of Involvement in thevarlous actlvities of the Charity- 2.4. C•$h and Cash Equivalents C45h and cash equivalents are baslc financial assets and include cash ITh hand and deposits held at call with banks, other short-term highly Ilquld Investments that mature In no rn0 than the months from the date of acquisition and are llY converrible to a klw amount of cash with insignificant rlsk of change In value, and bank overdrafts. 3. lthcome Imm Donatlons and L•go¢ies 2024 unrestrIct Restrlcted fund$ Totsl funds lunds Donatyons and gifts 29,440 20,803 50,243 Page 6
Rochdale Hornets Sportlng Foundation Notes to the Flnancial Statements {contFnued) For The Year Ended 31 December 2024 4. Analysls of Expendlturn 2024 Artivitie$ ndertaken directly Support costs {see note 51 Total Ralslng funds Sank charges Legal/professlonal fees Prfntlng and sratfjonery 2L,249 30,262 60 I,L09 403 51,511 60 1,109 403 21,249 31,834 53,083 5. Support Cojlg 2024 R•lslng funds Bank charg•1 L¢gwl/profesglonal Printlng and gtatlonery Total Employee costs Premlses expellses General admlnistratlon 17,990 7,322 4,950 17,990 7,322 6,522 60 1,109 403 30,262 60 1.109 403 31,834 6. Xndep•ndent Ex•mlnerfs Remunerntion 7. Staff Costs stsff Costs were as follows: 2024 Wages and salarles 17,990 No employee5 recelved employee benefits (excluding employer penslon costs) for the reporting perlod of more than E60,000. 8. Aver•ge Number of Employees Average nurnber of employees durfng the year was: I 9. Debtors 2024 Due withln one year other debtors 21,500 10. Credltors: Amounts Falllng Due Wlthin One Year 2024 Trade creditors Page 7
Rochdale Hornets Sporting Foundation Notes to the Financial Statements (contlnued) For The Year Ended 31 December 2024 11. Movement in Funds Asati January 2024 As4t31 December 2024 Incom• Expendlture Unrestrlrted fundl General= General unrestyicted fund Restricted funds Restricted 6,999 29,440 114,4491 21,990 22,831 20,803 {38,6341 5,000 Ttstsi funil$ 29,830 50.243 {53,0831 26,990 12. Related Party Dl$¢losures Page 8