Rf.c.ISTE4 IIF,D C()MPANY NUMBC4 R: 119142406 (Li Iiglaiid aii(I WdlL.41 RE¢C.I.8TfillED CHARITY NUMBf.R: 1159772 RF.PORT OF THE TRUSTF.II S AND UNAUDITED fi INANCIAL SI'ATCI MEI NTS IOR'I'HF. YEAR ENDED 31 MARCH 2023 FOR HITCHIN RUGBY LIMITED I III'C141N IIUGIIY LIMI-I'LI D CONTf.NTS ofi T14C filNANCIAL %TAI'EMTr.NTS FOR THI YErAR EI NDED 31 MAIICH 2023 Page Repoi't of tlie Truste¢5 Independeiit Examiner's Report Slalcm¢iit of Fiiiancial Activities StatemeMI of Financial PositÈon Notes to the fiiiiaiiei¥tl Statements 8 to 21 IIII'C141N RUGIIY I,IMJTEI D ICI Gl,STF,iif1 D NUMBF.R.. 0914240CJ RF.PORT OF THE TRUSTEI Fi S riOR THE YIIAR ENDFD 3] MARCH 2023 'lie IrLlStees who aie ￿ls0 diiectoi'% of the charity foi" the putyoscs of the Coiiipaiiies Act 2006, pic8eiit theii. I'epoii with the flliancial stateinents of the charity foi. the yeai" ffl)ded 31 Maicli 2023. 'I'h¢ trustees have a(lopte(I the pi'ovisioiis of. Accuiititiiig and Repoitijig by Chai'ities.. Statement of Re¢oinineii(leil Pi'actice applicable to cliai-ities preparing tlieii. (Iccounis in acco1-di￿ nce with tlie Fillancial Repoiting Staiiilai'd applicablc iii tlie UK aiid Rcpiiblic of Ii'claiid (FRS 102) (effective I Jaiiiiajy 2019). OBJEICTIVCIS AND ACTIVITllrS Objective5 aijd ainis The projnotioii of cominunity pai'licipalioii it) IIEalihy reciE8tion in paiTicultti- by the pi'ovision ol'kacililies foi. the playing of IITgby Iinioi) pi-imaiily but wiihoiit lllnitation for the beneffii foi- the local coinin¢inities of l-Sitchiii, Steveiiaiige aiid Letchw()Itl). Piiblic beiiefit 'I'lie Iwstees coi)fiiin tl)at they have Irre￿ed to the guidaiTrce ¢ontaine(l in the ch￿lty Coiiiinission general guidance on public benefit when ieviewillg the charity's alin5 and objectives and in plamiing ￿tt]I.e activities. Staffand Volunteers The trustees fully appiEciate tlie importance of voluiiteers to the efficient woi'kiiig of the chai'ity. AC.HIEVEMENT AiYD PFRFORMANCE The chai'i¢y was 5UCLe55(￿I in growing women's and girls, rugby with the k)ddition of further girls agt groups and coiisolidaiiDn of the womei)'s 2nd XV. Mini youth nuinbei's irmain i'obu5t, with two or more sides Tn a iiumber of age groups. Senior meii's rugby was siiccessful at tlie top level biit r¢cruilnient and retention at tlie 2nd and lower teftm levels min'ored the i)atioiial h'end and has been t￿lIng. Aciion$ to iectify tl)is on the local level are detailed in Future plans. Touch iugby has been a IEsound1i￿ success. Oui. plaiis to improve our social media footpi.iiit were successful with iiicreased aetivity on Facebook and Twitter and the I'oll out of Pitch¢i'o to iniprove inti'a club communication. In tenms of facilities, tlie powei. supply to the facility has been upgraded to 200 aTnps to allow for additional flood lighting but we still await the illstallation of a 200 amp meter to replace tlie existing pair of mete1%. Significant suins contiRue to be invested in pitch maintenai)ce and iinprovemellts. Financial performance in teiin5 of sllbsct'iption, sponsorship amd donations from Hilchin Rugby Trading Limited have allowed us to continue to it)vest in bettei. coachiiig and training. It has been a successful year foi. the cliarily. Income and expenditure The IEsults foi. thc ycar show an overall deficit of £6,769 (2022 surplus £49,147). FINANCtAL REIIIEW Vinancial ovci'view As an overview, the ¢l)arity received £283,464 (2022 £312,084) of income during the yeai. and had ouigoings totalling £290,633 (2022 £262,917) giving a defEcit of£6,769 (2022 surplus £49,147). The funds ¢￿'r1ed forward are £246,551 (2022 £235,853) of unrestricted i'eserv¢s and £400,895 (2022 £418,762) of restt'icted reserves. Reserves wli¢y The charity's incom< expenditure and funds for the year to 31 Mai'ch 2023 are shown the aTll)exed finatjcial stttements. The basis of pi'eparalion of tl)e aiinexed fmancial statements is in accoi'dance with die governing documents and is set out in thc t]otcs. Page I 1111'CI.IIN RUI'B Y LIMITED AIL¢ GlS'R'*;IITr.D NIJMIICI R: 09142406 Iiri,PORT ofi THEI TRUSTII ES roR TFIE YEI AR CI ND£I D 31 MARCH 2023 FUTURF PLANS The club will englage a ne¥v hedd coach foi. the 2023-24 seasoji and will iiiveyl 011 courses foi. a iiuinbei. uf &spii'atioiial relii'ing players. A SLiinittcr ieci'Llltniciit ¢anipaign has been organised usiiig tradilioiial aiid digital i)laifoiiiis. Tlii.% is wl)olc cliib Ycci'uitmeiit but with sti'ong eiiii?Iiasis on i'ect'iiiting i?ialc playeis the 18 40 i-riiige. We lire loi)kiiig at otlier fornis o*'i'ugby, iTrcliidiiig walking I'ugby as & potential to grow the chal'ity. We have JE5tai'ied the fund raising progrciinine to coinplele phasL's 2-4 of the clubhoiise and clian£ii)g facility I'edevelopment. This was cllltailed by the pan(ILiiiic and Yecovery in the years 2020 2023. We ackiiowledge thAt i)resStJiE 011 iesouices irimains a sigiiificant headaehe, espccially iii tei'n)s of pl&yiiig s111'faceq. Additional li￿ting to a th3rd pileh lo allow i'otaliot] 15 aspiration but requires significant funding that is ntst cuiitiilly available. A busy year awaits us. STRUCTURF, GOVCI RIYANCI AND MANAGEMENT GoYei'niiikF documenl The charity is controlled by its governing docum¢nl, a deed of tTust, aiid c0Th5titLttes a limited ¢ompJny, liinited by guarantee, as def]ned by tlie Companies Act 2006. Hitchin Rugby Limited, a coinpany IEmited by gEiat7ntee as defEned by the Coinpanies Act 2006. was incoipojated on 22 July 2014 arAd iEgistered a5 a charity on 5 Januaiy ?.015. 1 litchtn Rugby Liiiiited was established undei" a Memoi'alldum of Association whicli established the objects at]d powers of th¢ company and 18 gi)vemtd widei. its Articlcs of Association. In the evtnt of the coimpany being woui)d up. tlie liability in respect of the guaraiitee is limited to £1 pei. men)ber to the charity. RecruÉtTheiit and appointment of neiv triistees As set olll in the Articles of A550ciativii Iiieinbership is open to individuals oi. organisations who tnay apply to the diiectors for appioval. Oi'gallisalional structufftt The board uf trustees is i'espojisible for the matkagement of thc ¢ha¥ity and the day-to-day ruiining of the charity 15 delegated to the Tnaiia¥¢rnenl Lvn)tiiillee. Related pai'Éie8 The cliarity owns lO￿kn of14itchin RFC Trading Limited Icoinpany iio. 08850399). The purpose of this cOmpa￿Y is to cai'ry out the ti'ading activÉties oji behalf of thE cliayity. The ch&rity is also responsible for the day-to-day I'lit￿ill¥ and managwnent of this company. Risk rnaiiagement Trustees have a duty to ideiitify and review the I'isks to wliich the ehaiity may be exposed and to eiisure appropriate conbK)Is are iii place to provide reasonable assurance agaiiist fTrud and error. REFF,RENCE AND ADMINISTRATIV£ DETAILS Registered Compaiiy llumber 09142406 (England aThd Wales) Registered Charity number 1159772 Register¢d office Croft Cliambe I l Bat]cmft Hitchin Hei15 SG5 IJQ Page 2 -11.1'4..1.IAIJ.RUuL; .REG.'IS"i'i, RCI PORT OF TFIC TRUSI'£I S roR THEI YEI £4 NDEI D 31 MARCH 2023 T&'ustees C D Jones P E Taslco C J Hei)sliaw-Allcoclc Iil(lepetide￿1{ Exg111iiieY Bi7dshaw Johnsoii Cliai't¢i'ed Accountatits ci.oft Cliainbei I l Baii¢iDft Hitchin Hertfordshll"e SG5 IJQ Appi'oved by ol'der of the boai'd Of tt'iistees on .................,... aTid signed on its behalf by.. P E TaSk0-'f￿stee Page 3 "I"iRI5SI'¥, AITeHIDI RUGBY LIIVIIT£I D iiiTrepet]deJit exainiiier's i-epoi't to the trllstees of FlÉtchiii Rugby Liinited I'tlie Company,) l i'cpoi't to the ¢hai'ity tt'iistees oi) Iiiy examinatioi) of the accounts of tlie Compaiiy foi. tlie year ended 31 Mai'cli 2023. RespoiisibÉliÉies aiiil iasis of )'epoE'L As the cl)arity's li'ustees of the Company (and al30 its dii'ectoi's foi. tlie piii'pose5 of coillpany laiv) yoii al'e i'espon5ible foi. the pi'ei?&iition of tlie aLeouiits 1118ccoI'daiice with tlie iequii'einents of tlie Coimpaiiies Act 2006 ('Ilie 2006 Act). Havi]ig satlsfied iiiyself diat tlie accolliits of tl)e Coinpaiiy are 110( I'equiiEd to be audited undei" P1( ¥t 16 of the 2006 Act aiid al'e eligible foi. independeni examination, I iepoi-l iii i'especl ol iiiy exainiiiation of you). cliarily's accouiits 118 caiTied out undei. Seclioii 145 of the Chai'ities Act 2011 I'the 2011 Act,). In cai'iyiiig out my eAamii)ation I have followed tlie Dii'ectioiis given by the Chai'ity Coi7]missioii undei. Sectioii 14515) (b) of the 201 l Act, Itideiiendent exaininer s StateDieiit Since youi. chai'ity's gl.oss iiicome exceede(1 £250.000 youi. eKaniiii&" Inust be a iil¢lllbei' of a listed body. l c￿1 ¢onfirin tl?at I aiD qualificd to iindeitskc thc cxainiiiatlDn because I wm a meinbei. of the **ERROR - iel¢vaiit pi'ofessioiial body inust be coinpl6ted** whicli is onE uf the listed bodies. I have completed my exainination. I confinn that no matters have coine to Iny attention in coni)e¢tion witli the examiEiation giving me Cause to believe.. accoLlntllig it¢ord5 wBr¢ not kept III I'E5peBt of the Coinpany a5 IEqillI'ed by Seclioii 386 of the 2006 Act. or tlie awoiints do not acLoi'd with those records,. or the accounts do not coniply with the accoviiting requireJ)ients of Section 396 of tlic 2006 Act odiey than any iequii'einent that the ac¢ou]its give a true and tair view whi¢li is iiot a Inatter considered as pait of an Inde￿nde71t exaJniiiatioJi', oi. the accounts h&ve not been prepared in a¢¢oidanc¢ with the Iiiethod5 and prillciples of th¢ Slate]neiil of Recommended P12Ctice For accounting and reporting by charities (applicable to ch&rities preparing their accounts in a¢coi'dance with the financial Reportitig Standard applicable lll the L3K and Republic of li'eland (FRS 102)). I li&ve no coiicerns aiid have come aci.oss no otlier inattEI'S in connection with die exami[￿{10￿ to whieh &tteIition should be drawll in this repoit in ordei. to enable a pi'oper uiiderstaiiding of the accounts to l'eached. N6il C Harding Bradshaw Johnsoii CharteiEd Accountants Croft ChaiDbei's 11 Bancroft Hitchin Hei%Fordshire SG5 IJQ Date.. Page 4 FIITC.HIN IIIIGB Y LIMITE4 D STATEMII NT OF FINANCIAL ACI'IVITIF,S FOII THr. Yri.All Tr'NDfi,D 31 MARCI.1 2023 31.3.23 Total nds 31.3.22 Tot¢il flli)ds UniEstriclcd fijiid Re51ricle(I fuiids Notes INCOME AND EI NDOWMENTS fiiiofvI Donation5 aiid legaLies 57,274 57,274 36,305 Charitable ￿tI]VitIeS Hiluliin Rugby 144,170 4,500 148,670 213,258 Otlier trading activities Inveshiieiit iiiroine Other income 70,866 919 5,735 70.866 919 .5,735 58,295 25 4,201 TotRI 278,964 4.500 2¥3,464 312,084 EXPENDITURF ON Cliayitable activities Ilitcl)in Rugby 267,866 22,367 290.233 262.937 NET ENCOMEI(EXPENDITURE) 11,098 (17,867} (6,769) 49,147 RECONCILIATION OF FUNDS Tolal bi'ought forwaixl 235,853 418.762 654,615 605,468 TOTAL FUNDS CARRIED FORWAR 246,951 400,895 647,846 654,615 The llotes fomi parl of these financial statements Page 5 III'I'C.'HIN RU(:IIY LIMITE< D RF.GISTE4 REI D NUMISTr:11.. 09142406 STATEMEINI, or FINANCIAL POSITION 31 MARCH 2023 31.3.23 Toial tiin(Is ljiireslricted fuiid Rcsli'i¢ted fi)nds Notes rilXEI D ASSETS Tangible asscls Iiivestjnents 173,498 260,198 433.696 4.58,708 16 173.499 260,198 433,697 458,709 CUIUIINT Assf4,TS Debioi'5 Cash at bank 66,234 95.626 66,234 236,323 74,184 234,027 140,697 161,860 140,697 302,557 308,211 CREDITORS Amounts falling due within one year 18 {60,908) 160,908) (74.805) NCI T CURRENT ASSEITS 100,952 140,697 241,649 233,406 TOT AL ASSETS LESS CURRENT LIABILITIE, 274,451 400.895 675,346 692,115 CRIIDITORS Amoiiiits falling diie aftei. More than one yeai. 19 127,5001 (27,500) (37,5001 NET ASSEI TS 246.951 400,895 647,846 654,615 FUNDS Unrestricted ￿l)dS liestricted fuiids 21 246.951 400,895 235,853 418,762 TOTAL FUNDS 647,846 654,615 The charitable conipany is ei)titled to exemption fi'om audit under Section 477 of the Compallies Act 2006 for the year ended 31 fvlarch 2023. The Inembers have not i'equired the company to Obta￿ an audit of fit)ancial statemeiits for the year ended 31 March 2023 iji accordance with SectÉon 476 of the Coinpanies Act 2006. Tlie trustees acknowledge their responsibilities foi. (a) ensuring that the cliaritable ￿mp&nY keeps accountil￿ records tliat coEnply with Sectio]￿ 386 and 387 of the Companie5 Act 2006 and pi'cparillg financial statements which give a ttue and fair view of the state of affairs of tlie charildbl¢ company as at the end ol'each tinatkcial year and of its surplus or deficit for each financial year in accordance with th¢ requirements of Sections 394 and 395 and which otlierwise comply witli the r¢quirelliEnts of the Companies Act 2006 1'elatinE to financial stat¢mellts, so far as applicable to the charitable company. (b) The notes form part of tbese f￿ancial stat￿nentS Page 6 conlinEied... L7 '.i-lif-I IliJbS / L:, srAI'E,IVILI NT OF FINANCIAL POSAT.ION- coiiliiiiied 31 MARCFS 2023 Tlie5e fiiiaiicial slatejllents hav¢ bc¢ii pirpaied iii accoi'd4nce with tlie iJi-0v￿sl07i￿ applicable to Lhai'itable coinpai)ies subject to the sii)all coii)paiiies iigiine. Tlie fiiwicial btuteinents wei'e appi'oved by Ilie Boai'd of Ti'ustees &nd authoi'ised for isKue oil aiid wei'6 Slg116d un its belialf by.. P E"faslco- Ti'ustee The notes thmi part of tbEse f￿ancial stateineiits Page 7 121TCI-IIDI.IlIlG8Y LItYll'.I li J) NOTEI S TO THL FINANCIAI, sfATCITrlEI NTS FOR THE YEAII CNDED 3I MARC'H 2023 STr"ATCI FIICI I%JT OV COIVIPLIANCL Hitchiii Riigby Liiniled is a chai'itfible toinpany iiicoJi)012ted iii Fth* glaiid. The i'cgiltei'ed office is.. Croft ChambciB. I l B&i)ciofi, Hei'ifordshii'tt SG5 IJQ The cliai'itable conipaiils ncial statsinents l)ave bcen pi'epar¢d in conipliaiice with Chw'ities SORP {FRS 102) 4$ it applies to tlie til￿nCial slatemenls for the yeai. ended 31 Mpich 2023. ACCOUNTING POLICIES Basis af piYparing the fiFianeial stateEnent5 The finaiicial statements of Ihe ch41'itable company, wl)icli is a public benefit eiitity uiider FRS 102, have been prepaitd in 4ccoi'dall¢e with the Cl)ai"ities SORP {FRS 102) 'Accouiiling and Repailing by Chai"ities= Statement of Recominended Pi'actice applicable to cliai'ilies piYpai'll)g thcii. CCOUllts in 8ccoidanc¢ with the Trinancial Repoiting Slan(la¥d applicable in the UK dnd Republtc of li'eland {P"RS 102) {¢ffective I JaTrvary 2019),, Flliancial Repoiting Standai'd 102 'The Fuiallcial Repoiting Stalldgrd applicable in the UK and Republic of Ii'eland, and tlie Coi?Ipani¢s Act 2006. I'he finaiicial statci)Icnts have beeii pi'epared uiidei. tlie historical Cost convention, with tlie exL¢plion of investments whicli are included at mai'ket value. Hit¢hiii Riigby Lisnited meets the definition of apublic benefit entity under FRS 102. Illcorne All income is I'ecognised in the Statejnellt of Financial Activities ot)¢e the cliarity l)as entilleineiit to the fllnd5, it is probable tl)at tlie incoine will be ieceived aiid the ainount cai) l)e Ineasiired ieliably. ExpeJ]dÉture Liab21it￿es air I'ecognised as ex￿ndIt￿r as soon as t]iere is a legal oi. constructive obligation conYnittiRg the cliarity to that expeiidiknre, it is probable tliat a tran5feT of ecoiiomic beiiefits will bc LEqiiifEd in settleinent and the amoiint of the ubligation can be measured relicibly. Expenditure is accounted for on an &cci'llals basis and has been classified under headli￿$ that aggregate all cost i'elated to tlie category. Whei'e costs cannot be directly attt'ibiited to pailicular headings they have been allocated to activities on a ba51S COnSiStei)t with the use of i'esoui'ceg. Tangible fixed assets Depi'eciatioii is pi'ovided at tlie following am)ual l'ate$ in order to wj'ite off each asset over its estimated useful life. Improv¢me])ts to pioperly Plant and machineiy Fixtui'es ai)d fittings Catering and bai. equEpm¢nl over us¢fiil life aiid ovei. le1￿t￿ of lease 200/0 on i¢ducillg balattce 10/0 on i"educit)g balance 20 /D on reducing balaiice TAx&tlon The chaiity is exempt from corpoi'atioii tax its Ch￿'itable activities. ruiid aeeounting Unrestricted futtds caD be i￿ed in accordance with the ¢haTilable objectives at the discr2lioiTr of the trust¢es. Restricted funds Can only be used foi. parti¢ulai' ¥ests'icted plliposes within the objects of the ohai'ity. Re5triclton5 8ri5e when specified by the dottor or when funds aiE rgised for paiticular tTstt"i¢ted purposes. Pags 8 coiitinued... HIT'CHIN IIUGBY LIMITE4D NofES I-O THI VINANCIAL STATF.Mf.NTS- cotitiiiued roR TIIE YEI AR ENDED 31 MARC14 2023 ACCOUNTING POLICICS- eon(Iiiiied lllyestinents Iiivesttneiits iii siibsidiai'ies dre valu¥d al cosi less pi'ovisions foi. iinpaii'iiieiit. Sloclis Stock is valued at tlie lower ot. cost and net realisable valiie, aftei. making due dllow(Iiice foi. obsolete and slow Inoviiig itcms. r xeinplioii ft'oin preparing a casli floiv statemciit Exeinptinii lias hcen taketi f1'0111 1)IEI)at'ing a cash flow stateinent on the gi'ounds that the group qualifies as & sniall g]x)up. Value Added TRX The chai'ity is paitially exeinpt fi'oni VA'f and Es within the de iiiEnim￿S limit. Legal status of the Trust The chai'ity is a coinpany limited by guaraiitee and lias no share capital. Tlie liability of ¢ach mejnbei. in tlie evcllt of winding-up is liillited to £1 p6r membEr of the charity. Debtor5 Ti'ade and other debtors are recogiiised at the settlement ainount due after any trade discout)t offeTed. Prepayments are valued at the amtsunt prepaid net of any tiade discounts due. Cash at bRnk and in haiid C•sh at battk and cash Ert hand includes cash and short term highly liquid investments witli a slioit InR¢urity of tl)Ire months oi'1&88 froni the d8te of acquisition tsi. opening of tlie deposit or Sllnilar accouiit. Creditors and provision5 Ci'edilors and pi'ovisions are recognised wheje tl)¢ Charity has a pJEsent obligation resultÈng fiK)m a past eyent that will probably result in tl)e ti"ansfei" of funds to a third party and the amouiit due to settle the obligatioii can be Ineasured OT estimated reliably. Creditors and provisioii$ al'e nonnally recognised at their settlement amount after allowing foi. aiiy trade discounts due. Finaneial iiislrumenls The trusl 0￿]Y l)as financial assets and f￿all¢la1 liabilities of a kind that qualify as basic financial instt'un)ents. Basic rinancial instiR]ments are initially recogiiised at knansactioIi value and subs4uetJtly measured at their settlement value with the exception of bank loans wl)ich ar¢ subsequ¢ntly m¢asui¢d at ainoittsed tosi using the effective interest method. Page 9 continued... HITCHIN RUGBY LIMII'fi. IYOTCIS TO THF fiNANCIAI..gTATf¢.MC4 NTS- ¢tsntiiiu¢d FOR THE YIIAR fiNDfi,D 31 MARCH 2023 DONATIONS AND LKGACIES 31.3.23 31.3.22 Donations Giants 53,474 3,800 36,305 57,274 36,305 Giaiiis IEceived, iiicluded iii il?¢ above, are a5 follow5.. 31.3.23 31.3.22 Othei. grants 3,800 OTHER I'RADING ACTIVITIES 31.3.23 31.3.22 Beer festival Playing subs Sponsorships iiibluding dinners lunchts, ball etc Hire ofLlubliouse Other 5,894 14,916 41,876 5,012 3.168 2,789 14,424 35,437 3.603 2.042 70,866 58,295 INVF.STMENT INCOMI 31.3.23 31.3.22 Deposit account itEleiESt 919 25 P&ge 10 ¢ontinued... HITC141N IIIIGIIY LIMI'I'F.D NOTES 'fo THC FINANCIAL STATI4 MEI NTS- coiitinued roR THE YEAR ENDED 31 MARCH 2023 INCOMI:, FROM CHARITABLL ACTIVITIES Jl.03.23 31.03.22 Activity Mini & Juiiior Pavilion HiiE Football Hii¢ Pitch Hire Match fees Saraceiis camp Saracens RFC. Tour U 15's Tour U 14's Tour U 17's Tour U 16's 'I'oiir U 13's Tour U 18's M&YTour Girls Toui. M&Y F6stival bank al Founde￿, Day Open Day 2nd Halld Kit Stall Easy Fund Raising Touch Rugby Wot'ld Cup Bi'eakffists Grant & Appeals M&Y Spoiisoi'ship Auttimn iiitLmatioiials Cat A Six Nation5 40,368 6.260 2,235 4,433 5.325 379 28,482 6,070 2,395 6,621 5,794 8,864 5,015 169 4,980 6,468 46,203 19,684 20,431 33,643 324 117 65 1,600 166 2,655 200 183 90,592 11,500 129 128 147 302 148,670 213,258 OTHIIR INCOME 31.03.23 31.03.22 Buiigalow Rent Covid grants 5,735 1.534 2,667 5,735 4,201 Page 11 continued... Hl'fc.HIN RUGBY LIMI'fED NOTF,S TO'I'HC fi INANCIAL STATEI MENTS- coiitiiiiie(I FOR THE YIIAR F,NDE4 D 31 MARCH 2U23 CPIARITABLC ACTIVITIES COSTS Dii'ect Co4ls (see iiote 9) Suppo11 C051s (see iiole 10) Totals Hilchin Rugby 185,719 104,514 290,233 Page 12 contin￿ed... I IITCHIN IIIIGBY LIMITEI) NOTES" TO THE filNANCIAL SI'ATE,MEINTS- contiiiiicil riOR THC YIIAR C4 NI)F.D 31 MARCH 2023 Diiifi,CT COSTS OF CHARITABLE ACI'IVITICS 31.03.23 Opci'ation of Il)¢ i￿gbY cliib 31.03.22 Kit aiid playing eqiiipnient Cateriiig Pitcli Hiie Tr&ii4port R¢fciccs' Expei)ses Playei3' Expenses Coaching Laundry Physio Entry ftts Coacliiiig aiid ti2ining expenses MaiiilenancE- Pitch Course fees Ladies buifget Physio, fitst aid and consuinable5 Awai.ds and trophie5 Sai'acen5 live gaines To￿. U 15's Toui. U 14's ToEir U 17's Tour U 16's Tour U 13,5 Tour U 18's M&YTour Girls Tour RFU Insuimnce Stasli Account Maintenance- Floodlights TV Costs Maint¢nance-GymnasTuin M & Y Pathway Misc. costs Girls- Development Adv¢rtising Incentive payment$ (met)) H05Pltality 8.295 11,932 3,000 1,300 1,308 52 6,963 4,592 3,000 425 1,356 235 689 2,597 6,222 875 16,420 13,334 95 11,413 3,075 633 (736) 5.01.5 1,083 6,213 1,770 18.654 17,793 275 14,586 2,423 940 28 8,8fv1 169 4,980 6.468 46,203 19,684 20.431 33,643 6,838 186 207 4,680 2,767 501 107 2,295 384 3,116 963 4,056 295 715 185,719 147,689 Page 13 ontinued... HJTCHIN RUGBV LIMITC4 D NOTES TO THE FINANCIAL SI'A TII MENTS- eniitiaiiieil FOR THI YEIAR ENDE4 D 31 MARC.'H 2023 io. SUI'PORT COSTS 31.03.23 Operalion of Il?e rugby club 31.03.22 Rent, rates and s￿'vICe charges Insuraiice Lighi and heat Cleaiiii)g Repaiis and maintenance Priiitiiig, postage an(1 sthtionejy Depi'e¢iatlOll Df tangible fixed asseis Pi'ofit on disposal of taiigible fixed asset Telephonc Interest and cl)arges Geneixl cxpeiises Actovntancy and tx)okkeepiiig 969 9,222 17,511 12,467 7,260 1,258 42,290 (1,000) 1,409 1,788 9,465 3,135 2,527 ¥,427 9,91 1 9,197 28,270 1,192 41,386 1,289 2,118 8,019 2,962 105,774 115,248 NET INCOMEI(EI XPENDITURF.) Nei incotnel(expenditure) is stated aftei. chai'ginsl(CTediting).' 31.3,23 31.3.22 Depreciatit)ll awned a5se15 sU￿1￿s on disposal of fixed assets 41,427 11.000) 41,336 12. TRUSTEES, REMIJNERATION AND BENEFITS Thei'e wei'e no t1715teES' i'emuneialion, expenses or othetr benefits foi. the year ￿lded 31 March 2023 noi. for tlie year elided 31 March 2022. Mcii)bers of the Bogtrd have iiot received any remuneration eithe￿. directly or indii'cctly during the year and provide their sel-vices Voluntarily. Certain expeiises incurred on behalf of the Charity are I'eimbursed to Members of the Board. Tru5tees' expenses There were no tru5tees' expenses paid for the yeai. ended 31 Maich 2023 nor for the year ended 31 Mairh 2022. Page 14 continued... HI'I'C.HIN RUGBY LIMI'R'IID NOTES I'O THC FINFiNC.IAI. STATfi.MCNTS- coiitinued FOR THI YE4AR F,NDlI D 31 MAIICH 2023 13. STAfi F COSI'S No employecs received eniolumcnls iii excess of £60,UOO. 14. 2022 COMPARATIVES 14OR THE STAI'EMfi.NT OF FINANCIAL AcfIviTifiS Uiii'csti'icted fund Resli'icted funds Total fiinds INCOME AND ENDOWMENTS FIIOM Doiidtioiis aiid legacies 36,305 36,305 Chai'itablc aclivitie5 Hitchill Rugby 157,758 55,500 213,258 Other trading activities Investmeiit income Other income 58,295 25 4,201 58,295 25 4,201 Total 256,584 55,500 312,084 EXPENDITURE ON Charitable activities Hitcl)in Rugby 240,126 22,811 262,937 NET INCOME 16.458 32,689 49,147 RCI CONCILIATIOh' OF fiUNDS I'otal funds brOU￿1t forward 219,395 386,073 605,468 TOTAL FUNDS CARRIED FORWARD 235,853 418,762 654,615 Page 15 ¢ontinued... HITC141N RUCBY LIMI'ILD NOTfr S TO Tl.Rfi, FINANCIAL STATC4 MEI NTS- continued riOII THE YLI All ENDErD 31 MARCH 2023 TANGIBLr. riIXED ASSf¢ I'S Iinproveiiieiits lo propeity Fixliji'es aiid Latei'iiig an(1 bai. cquipm¢iit macliiiiEIy Totcils cosr Al l Apijl 2022 Additioiis Disposals 617.306 3,262 (6,164) 67,677 7,204 {4,681) 56,320 10,506 751,633 22,579 (10,845) 1,607 At 31 Marcli 2023 614,404 70.200 66,826 11,937 763,367 DCI PRECIATION At l Apiil 2022 Chai'ge for year Eliininated 011 disposal 219,911 30,975 41,623 5,932 {4.681) 24.991 3,625 6,380 895 292,925 41,427 (4,681) At 31 Maych 2023 250.906 42,874 28,616 7,275 329,671 NIIT ]IOOI< VALUE At 31 Mai'ch 2023 363,498 27,326 38,210 4.662 433,696 At 31 March 2022 397,375 26,054 31,329 3,950 458,708 DIiTit]g the year. £6,164 was itceived froin HMKC as a VAT repayinenl in i'rlation to the iecently built thangiiig rooms. 16. FIXLD ASSE4 T INVESTMCI NTS SliaiES i 'oup uiideitakings MARKET VALUE At l April 2022 and 31 March 2023 NET BOOI< VALUE At 31 Mairh 2023 At 31 March 2022 There were no anvestmeiit assets outside the UK. Tl)e companls investments at ihe balaiice slieet date in the share capital of companies include the following.. Page 16 continued... HITCEIIN RUGB Y LIMI'I'EI) NOI'ES TO THCI fiINANCJAL STATEMCI NTS- eontinued riOR THE YEIAR r,NDEID 31 MARCH 2023 16. IIXED ASSET INVE4STMENTS- continued Hitcliiii 111,-C 'l'radiiig Liiniled Resistei'ed Dffice.. Ci'oll Chambers, I l Bai)ci'oft, Fliichitk, Heilfordshire, S(i5 1 JQ Naliii'e of busiiiess.. provide bai., shop aiid veiiding sei'viccs Class vf sharc.. Ordiiiary holiling 100 31.3.23 31,3.22 Aggregate capital ancl resci'vcs l?I'ofit for tIIc ycgtl. 5,416 4,418 (4,002) 5,000 Tl)e sumniai'y fiiiancial perfoi"m