**REGISTERED COMPANY NUMBER: 09142406 (England and Wales) REGISTERED CHARITY NUMBER: 1159772**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **FOR**
**HITCHIN RUGBY LIMITED**
**HITCHIN RUGBY LIMITED**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Statement of Financial Position**|6|to|7|
|**Notes to the Financial Statements**|8|to|19|
**HITCHIN RUGBY LIMITED (REGISTERED NUMBER: 09142406)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
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 31 March 2021. 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**
The promotion of community participation in healthy recreation in particular by the provision of facilities for the playing of rugby union primarily but without limitation for the benefit for the local communities of Hitchin, Stevenange and Letchworth.
## **Public benefit**
The trustees confirm that they have referred to the guidance contained in the Charity Commission general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.
## **Staff and Volunteers**
The trustees fully appreciate the importance of volunteers to the efficient working of the charity.
## **ACHIEVEMENT AND PERFORMANCE**
## Achievement and Performance
2020 - 2021 has been a challenging period for the charity and our most significant achievement has been in maintaining a strong position to fully restart rugby activity at the end of the pandemic. Delivery of rugby was significantly curtailed by government restrictions, some of which remain in place. Despite this, the coaches at all age groups and in all sections as well as the officers and volunteers of the club managed to maintain some form of rugby delivery, albeit in modified formats. During the lockdowns the club undertook refurbishment of social spaces, pitches and pitch furniture. We were fortunate in that the loss of revenue from bar closure was offset by government support payments, nonetheless the net effect on the club has still been a significant loss of income. The trustees are very grateful for the support we have received from our sponsors during the pandemic. Mason Navaro Pledge, Kelly Group, Raymond James, HG Construction, IPM and HRJ Foreman law, despite the challenging circumstances have ensured that the charity remains in a strong position to start the new season in a sound financial position. We are optimistic that as the situation improves we will be able to return to full delivery of rugby as we know it. Without the support of our sponsors our financial position would have been greatly impaired and our ambitions for delivery next season significantly curtailed. We as trustees also wish to thank all the members and VPs who continued to pay subs or make donations over the past year, special thanks go to Lady Valerie Dixon who continues to support the charity in a most generous manner. The charity is also grateful to all playing and family members who continued to pay subscriptions despite the reduced offering of the last year. Without all of your help it would have been very difficult to maintain the club in this strong position over the last 16 months.
## **Rugby Union Winter Survival Fund**
The Rugby Football Union agreed to award Hitchin Rugby Ltd a grant of £50,000 , paid on 23 April 2021 The grant may only be used to finance essential, eligible operational expenditure of incurred costs between 1 October 2020 and 30 March 2021 as set out in the club's application
The Grant will be reflected in the club's accounts for 2021-22, described as the " Sport England Grant"
## **Income and expenditure**
The results for the year show an overall surplus of £10,472 (2020 surplus £281).
## **FINANCIAL REVIEW**
## **Financial overview**
As an overview, the charity received £152,576 (2020 £314,063) of income during the year and had outgoings totalling £142,104 (2020 £313,782) giving a surplus of £10,472 (2020 surplus £281). The funds carried forward are £219,395 (2020 £191,112) of unrestricted reserves and £386,073 (2020 - £403,884) of restricted reserves.
Page 1
**HITCHIN RUGBY LIMITED (REGISTERED NUMBER: 09142406)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
## **FINANCIAL REVIEW**
## **Reserves policy**
The charity's income, expenditure and funds for the year to 31 March 2021 are shown in the annexed financial statements. The basis of preparation of the annexed financial statements is in accordance with the governing documents and is set out in the notes.
## **FUTURE PLANS**
Our primary goal as trustees for the coming 12 months is to facilitate a full return to rugby at all levels. In terms of senior rugby, we wish to maintain and improve the standard of coaching ,and support the promotion of both the women's sides through a similar level of coaching support that we are currently able to provide to the men's senior sides. We aim to upgrade the gym facilities on site and we also wish to ensure that coaching courses and other developmental opportunities are promoted and made available to coaches and volunteers throughout the club to allow us to improve the delivery of rugby to all members.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Hitchin Rugby Limited, a company limited by guarantee as defined by the Companies Act 2006, was incorporated on 22 July 2014 and registered as a charity on 5 January 2015. Hitchin Rugby Limited was established under a Memorandum of Association which established the objects and powers of the company and is governed under its Articles of Association. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member to the charity.
## **Recruitment and appointment of new trustees**
As set out in the Articles of Association membership is open to individuals or organisations who may apply to the directors for approval.
## **Organisational structure**
The board of trustees is responsible for the management of the charity and the day-to-day running of the charity is delegated to the management committee..
## **Related parties**
The charity owns 100% of Hitchin RFC Trading Limited (Company no. 08850399). The purpose of this company is to carry out the trading activities on behalf of the charity. The charity is also responsible for the day-to-day running and management of this company.
## **Risk management**
Trustees have a duty to identify and review the risks to which the charity may be exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
09142406 (England and Wales)
## **Registered Charity number**
1159772
## **Registered office**
Croft Chambers 11 Bancroft Hitchin Herts SG5 1JQ
Page 2
**HITCHIN RUGBY LIMITED (REGISTERED NUMBER: 09142406)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
## **Trustees**
C D Jones P E Tasko M S Emmerson
**Independent Examiner** Bradshaw Johnson Chartered Accountants Croft Chambers 11 Bancroft Hitchin Hertfordshire SG5 1JQ
Approved by order of the board of trustees on 30 June 2021 and signed on its behalf by:
P E Tasko - Trustee
Page 3
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HITCHIN RUGBY LIMITED**
## **Independent examiner's report to the trustees of Hitchin Rugby Limited ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.
## **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:
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.
Neil C Harding FCA Bradshaw Johnson Chartered Accountants Croft Chambers 11 Bancroft Hitchin Hertfordshire SG5 1JQ
16 July 2021
Page 4
## **HITCHIN RUGBY LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021**
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
3
10,570
**Charitable activities**
6
Hitchin Rugby
58,641
Other trading activities
4
42,809
Investment income
5
37
Other income
7
35,519
**Total**
147,576
**EXPENDITURE ON**
Raising funds
8
-
**Charitable activities**
9
Hitchin Rugby
119,293
**Total**
119,293
**NET INCOME/(EXPENDITURE)**
28,283
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
191,112
**TOTAL FUNDS CARRIED FORWARD**
219,395|Restricted
funds
£
-
5,000
-
-
-
5,000
-
22,811
22,811
(17,811)
403,884
386,073|31.3.21
Total
funds
£
10,570
63,641
42,809
37
35,519
152,576
-
142,104
142,104
10,472
594,996
605,468|31.3.20
Total
funds
£
48,067
149,555
109,340
177
6,924|
|---|---|---|---|
||||314,063
48,342
265,440|
||||313,782|
||||281
594,715|
||||594,996|
The notes form part of these financial statements
Page 5
## **HITCHIN RUGBY LIMITED (REGISTERED NUMBER: 09142406)**
## **STATEMENT OF FINANCIAL POSITION**
## **31 MARCH 2021**
|Notes
**FIXED ASSETS**
Tangible assets
16
Investments
17
**CURRENT ASSETS**
Debtors
18
Cash at bank
**CREDITORS**
Amounts falling due within one year
19
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
20
**NET ASSETS**
**FUNDS**
22
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
fund
£
180,644
1
180,645
41,516
80,817
122,333
(83,583)
38,750
219,395
-
219,395|Restricted
funds
£
314,258
-
314,258
-
119,315
119,315
-
119,315
433,573
(47,500)
386,073|31.3.21
Total
funds
£
494,902
1
494,903
41,516
200,132
241,648
(83,583)
158,065
652,968
(47,500)
605,468
219,395
386,073
605,468|31.3.20
Total
funds
£
532,783
1
532,784
66,257
134,864
201,121
(81,409)
119,712
652,496
(57,500)
594,996
191,112
403,884
594,996|
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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...
## **HITCHIN RUGBY LIMITED (REGISTERED NUMBER: 09142406)**
## **STATEMENT OF FINANCIAL POSITION - continued**
## **31 MARCH 2021**
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 30 June 2021 and were signed on its behalf by:
P E Tasko - Trustee
The notes form part of these financial statements
Page 7
**HITCHIN RUGBY LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **1. STATEMENT OF COMPLIANCE**
Hitchin Rugby Limited is a charitable company incorporated in England. The registered office is: Croft Chambers, 11 Bancroft, Hitchin, Hertfordshire SG5 1JQ
The charitable company's financial statements have been prepared in compliance with Charities SORP (FRS 102) as it applies to the financial statements for the year ended 31 March 2021.
## **2. 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.
Hitchin Rugby Limited meets the definition of a public benefit entity under FRS 102.
## **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.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - over useful life and over length of lease Plant and machinery - 20% on reducing balance Fixtures and fittings - 10% on reducing balance Catering and bar equipment - 20% on reducing balance
## **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.
## **Investments**
Investments in subsidiaries are valued at cost less provisions for impairment.
continued...
Page 8
**HITCHIN RUGBY LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **2. ACCOUNTING POLICIES - continued**
## **Stocks**
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items,
## **Exemption from preparing a cash flow statement**
Exemption has been taken from preparing a cash flow statement on the grounds that the group qualifies as a small group.
## **Value Added Tax**
The charity is partially exempt from VAT and is within the de minimus limit.
## **Legal status of the Trust**
The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding-up is limited to £1 per member of the charity.
## **Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash at bank and in hand**
Cash at bank and cash 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.
## **Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Financial instruments**
The trust 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.
## **3. DONATIONS AND LEGACIES**
## **4.**
|Donations
**OTHER TRADING ACTIVITIES**
Beer festival
Playing subs
Sponsorships including dinners lunches, ball etc
Social income
Hire of clubhouse
Other|31.3.21
£
10,570
31.3.21
£
-
10,047
32,443
-
279
40
42,809|31.3.20
£
48,067
31.3.20
£
7,767
13,756
74,213
2,333
6,408
4,863|
|---|---|---|
|||109,340|
continued...
Page 9
**HITCHIN RUGBY LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **5. INVESTMENT INCOME**
|Deposit account interest
**6.**
**INCOME FROM CHARITABLE ACTIVITIES**
**Activity**
Mini & Junior
Pavilion Hire
Football Hire
Pitch Hire
Match fees
Saracens camp
Saracens RFC
Tour U 15's
Tour U 14's
Tour U 17's
Tour U 16's
Tour U 13's
Tour U 18's
M & Y Tour
Girls Tour
M&Y Festival bank a/c
Founders' Day
Open Day
2nd Hand Kit Stall
Easy Fund Raising
Touch Rugby
World Cup Breakfasts
Six Nations
**7.**
**OTHER INCOME**
Bungalow Rent
Covid grants||31.3.21
£
37|31.3.21
£
37|31.3.21
£
37|31.3.20
£
177|
|---|---|---|---|---|---|
|||||||
|||31.03.21|||31.03.20|
|||£|||£|
|||23,245|||38,799|
|||5,425|||8,085|
|||960|||1,231|
|||3,874|||4,989|
|||2,672|||4,385|
|||-|||-|
|||-|||-|
|||-|||16,817|
|||6,191|||1,178|
|||-|||3,490|
|||3,189|||371|
|||-|||19,647|
|||-|||1,370|
|||9,619|||33,801|
|||8,032|||9,510|
|||-|||3,911|
|||-|||706|
|||-|||384|
|||250|||549|
|||24|||36|
|||160|||120|
|||-|||130|
|||-|||46|
|||||||
|||||||
|||63,641|||149,555|
|||||||
|||||||
||||||31.03.20
£
6,924
-
6,924|
|||31.03.21||||
|||£||||
|||-||||
|||35,519||||
|||||||
|||35,519||||
|||||||
continued...
Page 10
**HITCHIN RUGBY LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **8. RAISING FUNDS**
## **Other trading activities**
|**Other trading activities**||||
|---|---|---|---|
|||31.3.21|31.3.20|
|||£|£|
|Sponsorship including dinners lunches, balls etc||-|43,014|
|Beer Festival||-|2,894|
|Other||-|1,633|
|Hire of clubhouse||-|801|
|||-|48,342|
|**CHARITABLE ACTIVITIES COSTS**||||
||Direct|Support||
||Costs (see|costs (see||
||note 10)|note 11)|Totals|
||£|£|£|
|Hitchin Rugby|66,175|75,929|142,104|
## **9. CHARITABLE ACTIVITIES COSTS**
continued...
Page 11
**HITCHIN RUGBY LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **10. DIRECT COSTS OF CHARITABLE ACTIVITIES**
||31.03.21|31.03.20|
|---|---|---|
||Operation of||
||the rugby club||
||||
||||
||£|£|
|Kit and playing equipment|983|8,934|
|Catering|1,794|10,479|
|Pitch Hire|3,000|3,000|
|Transport|-|220|
|Referees' Expenses|-|1,190|
|Coaching|-|150|
|Laundry|72|3,212|
|Physio|836|9,234|
|Entry fees|-|3,450|
|Coaching and training expenses|10,426|10,234|
|Maintenance - Pitch|12.956|13,566|
|Course fees|-|275|
|Ladies budget|6,237|10,896|
|Physio, first aid and consumables|-|4,022|
|Awards and trophies|-|873|
|Saracens RFC|-|-|
|Tour U 15's|-|16,817|
|Tour U 14's|6,191|1,178|
|Tour U 17's|-|3,490|
|Tour U 16's|3,189|371|
|Tour U 13's|-|19,647|
|Tour U 18's|-|1,370|
|M & Y Tour|9,619|33,801|
|Girls Tour|8,032|9,510|
|RFU Insurance|-|491|
|Stash Account|62|1,190|
|Maintenance - Floodlights|1,642|(572)|
|TV Costs|782|3,275|
|M&Y Banners|-|585|
|Hospitality|-|980|
|Misc. costs|185|200|
|Girls - Development|-|500|
|Incentive payments (men)|169|-|
||||
||66,175|172,568|
||||
continued...
Page 12
**HITCHIN RUGBY LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **11. SUPPORT COSTS**
||31.03.21|31.03.20|
|---|---|---|
||Operation of||
||the rugby club||
||||
||£|£|
|Rent, rates and service charges|3,786|2,904|
|Insurance|8,819|7,735|
|Light and heat|3,343|7,236|
|Cleaning|5,090|11,081|
|Repairs and maintenance|4,231|5,441|
|Printing, postage and stationery|384|1,256|
|Depreciation of tangible fixed assets|41,617|41,746|
|Telephone|1,265|736|
|Interest and charges|1,389|1,852|
|General expenses|3,452|9,881|
|Accountancy and bookkeeping|3,130|3,004|
||||
||76,506|92,872|
||||
|**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets|31.3.21
£
41,617|31.3.20
£
41,745|
## **12. NET INCOME/(EXPENDITURE)**
## **13. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration, expenses or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Members of the Board have not received any remuneration either directly or indirectly during the year and provide their services voluntarily. Certain expenses incurred on behalf of the charity are reimbursed to Members of the Board.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
## **14. STAFF COSTS**
No employees received emoluments in excess of £60,000.
continued...
Page 13
**HITCHIN RUGBY LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
|**15.**
**2020 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
Restricted
fund
funds
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
41,121
6,946
**Charitable activities**
Hitchin Rugby
145,205
4,350
Other trading activities
109,340
-
Investment income
177
-
Other income
6,924
-
**Total**
302,767
11,296
**EXPENDITURE ON**
Raising funds
48,342
-
**Charitable activities**
Hitchin Rugby
242,330
23,110
**Total**
290,672
23,110
**NET INCOME/(EXPENDITURE)**
12,095
(11,814)
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
179,017
415,698
**TOTAL FUNDS CARRIED FORWARD**
191,112
403,884|Total
funds
£
48,067
149,555
109,340
177
6,924|
|---|---|
||314,063
48,342
265,440|
||313,782|
||281
594,715|
||594,996|
continued...
Page 14
**HITCHIN RUGBY LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **16. TANGIBLE FIXED ASSETS**
|Improvements
to
property
£
**COST**
At 1 April 2020
629,266
Additions
-
Disposals
(5,980)
At 31 March 2021
623,286
**DEPRECIATION**
At 1 April 2020
157,093
Charge for year
31,419
At 31 March 2021
188,512
**NET BOOK VALUE**
At 31 March 2021
434,774
At 31 March 2020
472,173|Plant and
machinery
£
51,080
7,941
-
59,021
30,139
5,777
35,916
23,105
20,941|Fixtures
and
fittings
£
54,545
1,775
-
56,320
17,644
3,867
21,511
34,809
36,901|Catering
and bar
equipment
£
7,864
-
-
7,864
5,096
554
5,650
2,214
2,768|Totals
£
742,755
9,716
(5,980)|
|---|---|---|---|---|
|||||746,491|
|||||209,972
41,617|
|||||251,589|
|||||494,902|
|||||532,783|
During the year, £5,980 was received from HMRC as a VAT repayment in relation to the recently built changing rooms.
## **17. FIXED ASSET INVESTMENTS**
|**FIXED ASSET INVESTMENTS**||
|---|---|
||Shares in|
||group|
||undertakings|
||£|
|**MARKET VALUE**||
|At 1 April 2020 and 31 March 2021|1|
|**NET BOOK VALUE**||
|At 31 March 2021|1|
|At 31 March 2020|1|
There were no investment assets outside the UK.
The company's investments at the balance sheet date in the share capital of companies include the following:
## **Hitchin RFC Trading Limited**
Registered office: Croft Chambers, 11 Bancroft, Hitchin, Hertfordshire, SG5 1JQ Nature of business: provide bar, shop and vending services
|Nature of business: provide bar, shop and|vending services||||
|---|---|---|---|---|
||%||||
|Class of share:|holding||||
|Ordinary|100||||
|||31.3.21|31.3.20||
|||£|£||
|Aggregate capital and reserves||(4,002)||1|
|Loss for the year||(4,003)||-|
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continued...
**HITCHIN RUGBY LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **17. FIXED ASSET INVESTMENTS - continued**
|The summary financial performance of the subsidiary is:
Turnover
Cost of sales and administration costs
Other income
Net profit
Amount donated to parent
Retained in subsidiary
The assets and liabilities of the subsidiary were:
Current assets
Current liabilities
Total net liabilities
**18.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Other debtors
Amounts due from group undertakings
VAT
Prepayments and accrued income
**19.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Accrued expenses|||
|---|---|---|
||||
||31.3.21|31.3.20|
||£|£|
||8,879|106,332|
||(21,555)|(70,943)|
||8,673|20|
||||
||(4,003)|35,399|
||-|(35,399)|
||||
||-|-|
||||
||||
||||
||15,579|35,452|
||(32,980)|(45,885)|
||||
||(17,401)|(10,433)|
||||
||31.3.21
£
-
1,149
30,722
1,263
8,382
41,516
31.3.21
£
33
83,550
83,583|31.3.20
£
2,710
15,370
35,399
3,629
9,149
66,257
31.3.20
£
9,946
71,463
81,409|
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continued...
**HITCHIN RUGBY LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **20. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
|Other loans (see note 21)
**21.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling between one and two years:
Loan - Rugby Football Foundation
**22.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**Restricted funds**
Development fund - asset
Development fund - money
**TOTAL FUNDS**
Net movement in funds, included in the above are as
**Unrestricted funds**
General fund
**Restricted funds**
Development fund - asset
Development fund - money
**TOTAL FUNDS**|At 1.4.20
£
191,112
361,083
42,801
403,884
594,996
follows:|Net
movement
in funds
£
28,283
(22,811)
5,000
(17,811)
10,472
Incoming
resources
£
147,576
-
5,000
5,000
152,576|31.3.21
31.3.20
£
£
47,500
57,500
31.3.21
31.3.20
£
£
47,500
57,500
Transfers
between
At
funds
31.3.21
£
£
-
219,395
(24,012)
314,260
24,012
71,813
-
386,073
-
605,468
Resources
Movement
expended
in funds
£
£
(119,293)
28,283
(22,811)
(22,811)
-
5,000
(22,811)
(17,811)
(142,104)
10,472|
|---|---|---|---|
continued...
Page 17
**HITCHIN RUGBY LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **22. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**Restricted funds**
Development fund - asset
Development fund - money
**TOTAL FUNDS**|At 1.4.19
£
179,017
384,193
31,505
415,698
594,715|Net
movement
in funds
£
12,095
(23,110)
11,296
(11,814)
281|At
31.3.20
£
191,112
361,083
42,801|
|---|---|---|---|
||||403,884|
||||594,996|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Development fund - asset
Development fund - money
**TOTAL FUNDS**|Incoming
resources
£
302,767
-
11,296
11,296
314,063|Resources
Movement
expended
in funds
£
£
(290,672)
12,095
(23,110)
(23,110
-
11,296
(23,110)
(11,814
(313,782)
281|Resources
Movement
expended
in funds
£
£
(290,672)
12,095
(23,110)
(23,110
-
11,296
(23,110)
(11,814
(313,782)
281|
|---|---|---|---|
||||(11,814|
||||281|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Development fund - asset
Development fund - money
**TOTAL FUNDS**|At 1.4.19
£
179,017
384,193
31,505
415,698
594,715|Net
movement
in funds
£
40,378
(45,921)
16,296
(29,625)
10,753|Transfers
between
funds
£
-
(24,012)
24,012
-
-|At
31.3.21
£
219,395
314,260
71,813|
|---|---|---|---|---|
|||||386,073|
|||||605,468|
continued...
Page 18
**HITCHIN RUGBY LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **22. MOVEMENT IN FUNDS - continued**
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
**Restricted funds**
Development fund - asset
Development fund - money
**TOTAL FUNDS**|Incoming
resources
£
450,343
-
16,296
16,296
466,639|Resources
Movement
expended
in funds
£
£
(409,965)
40,378
(45,921)
(45,921)
-
16,296
(45,921)
(29,625)
(455,886)
10,753|
|---|---|---|
## **Purposes of unrestricted funds**
General fund
The general reserve reflects the accumulated surplus from the general activities.
## **Purposes of restricted funds**
Development fund
This fund relates to the development of the site including building changing rooms.
## **23. RELATED PARTY DISCLOSURES**
During the year Hitchin RFC Trading Limited (the subsidiary company) donated £NIL (2020 - £35,399) to the charity. At the end of the year Hitchin RFC Trading Limited owed the charity £30,722 (2020 - £35,399).
## **24. SECURED CHARGE**
A legal charge against the leasehold property and land has been registered by the English Sports Council in relation to the grant received from them for £150,000. Hitchin Rugby Limited have to comply with the terms of the Award for a period of 21 years after the date of the project agreement.
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