Charity reglstratlon number 1160980
Company registratlon number 04740154 (England and Wale51
KENDAL RUGBY UNION FOOTBALL CLUB LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

KENDAL RUGBY UNION FOOTBALL CLUB LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Drs A Green
Mr J Nltho150n
Mr A Perie
Mr C I Wheatman
Mr W Coxon
Mr D Alrey
Mr C Hayton
Mrs C G Park
Mr Andrew Blenkharn
Mr R J Burrow
Mrs J L Rigg
M5 F M Stsnton
(Appointed l November 20231
(Appolnted l November 20231
IAppolnted l November 20231
(Appolnted l November 20231
Secretary
MrMJWBarr
Charlty number
1160980
Company number
04740154
Prlnclpal •ddress
Mlnt Brldge
Shap Road
Kendal
Cumbrla
LA9 6NY
Rezlstered office
Mint Brldge
Shap Road
Kendal
Cumbria
LA9 6NY
Independert examlner
lan Thompson FCA
Saint & Co Chartered Accountants
The Old Pollce Statlon
Church Street
Ambleside
Cumbria
L422 OBT

KENDAL RUGBY UNION FOOTBALL CLUB LIMITED
CONTENTS
Page
Chairman's statement
Trustees, report
Independent examiner's report
Statement of financial activities
Balance sheet
Notes to the financial statements
9-21

KENDAL RUGBY UNION FOOTBALL CLUB LIMITED
CHAIRMAN'S STATEMENT
FOR THE YEAR ENDED 30 APRIL 2024
The Club ha5 had another challenging year, with the Board working hard to keep the financial position of the Club secure,
concentrating on both expanding our business and keeping costs under control. It is my 20th year as Chairman and no le5S
difficult than the previous 19. Our accounts show another loss for the Trading Company, which though unwelcome, can be
accounted for entirely by the increase in the cost of our utilitie5 and increasing cost of consumables. We have increased our
turnover by approximately £90k but have seen a larger increase in the cost of purchases and expenses in common with the
current economic climate.
We are extremely grateful to our sponsors, members and supporters as without your financial support we could not continue
to provide the sporting opportunities for our local community. In the past the RFU provided substantial support for community
rugby clubs like ours. Today, despite claiming to do so, the reality is that we have seen an erosion of financial support. As an
example, our travel grant for the Men's 1st team for the whole season is £400. The cost of a coach to an away match is now at
least £700 and we have 11 away League games per season. You may think this is a derisory amount of support, There are,
naturally other travel costs for the 2nd team, Wasps and Colts. which receive no support at all.
We have been in our 'new' location since 2017, and this past year ha5 seen some unexpected costs for repairs and
maintenance. The three original hot water boilers started giving trouble with one leaking from the casing and failing, then a
second until we were relying on a single unit to provide shower5 and general supply. It became urgent that we replaced the
hot water supply, and two new uprated boilers have been fitted at a cost of £40k. Additionally, our insurers insisted, at renewal
of cover, that we added a fire suppression system to the upstairs kitchen which cost £4k, These costs are in exce55 of our
planned maintenance budget but were unavoidable.
Another unpleasant surprise was finding that the maln grass pitth had developed extensive boggy areas between the halfway
line and the river end. Previously the drainage had been excellent, but trlal holes showed that water remained after rain and
did not drain away as expected. We undertook an investigation of the drainage, and this showed that the slde sand slits that
drain to the main underground plpes were compressed and needed to be replaced. It is unfortunate that there Is an
impermeable band of slate under thÈ pitch which starts at the dugouts and stretches roughly diagonally across the pitch
towards the containers at the far end of the car park. This accounts for the water retention.
You will have seen our Crowdfunding Appeal to raise money to undertake the repairs, which was organised superbly by Claire
Park. We are very grateful to all who have contributed and now have some £18k in funds (including Gift Aid). The works were
completed by early September in time for the worst of the weather and will prevent deterioration of the pitch through the
winter.
I regret to report that our Hon. Secretary, Mike Barr, has resigned his position, but is helping with essential tasks until we can
find a replacement. Mike has been a superb support to the Board for many years and we are sorry to lose him. The workload
as Hon. Sec is largely unseen and Involves many administrative tasks, including drafting agendas for numerous meetings,
taklng and circulating minutes, Mike has undertaken the role wlth enthusiasm and commitment, and we shall all miss him,
Oespite the somewhat downbeat aspects of our situation our business activity, which supports our rugby costs, is generating a
growing reputation for our conference facilities and as an entertainment venue. The family-friendly culture at the Club is an
essential part of our success and l am grateful to everyone who contributes in so many different ways. We are proud to be a
largely volunteer-led Club with over 100 members registered to help in all areas of the Club's activities. The Board is extremelv
grateful for their support which is so essential to our core activitie5.
Kind regards, Stephen Green
Stephen Green
Chairman KRUFC
Oate: 17 October 2024

KENDAL RUGBY UNION FOOTBALL CLUB LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 30 APRIL 2024
The trustees present thelr annual report and flnanclal ststements for the year ended 30 Aprll 2024.
The flnanclal statements have been prepared in accordante wlth the accountlng pollties set out In note I to the flnanclal
statements and comply wlth the Charity's governing document, the Companles Act 2006 and 'Accountlng and Reportln8 by
Charltles.. Statement of Recommended Practice applicable to charitle5 preparing their accounts In accordance wlth the
Financlal Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021" leffectlve l January 20191.
Oblectl¥es and actlvltles
Summary of the obJe¢ts set out In the qovernlnq do¢ument
The Charlty's objects are as follows:
11 To promote communlty partlclpation In healthy recreatlon by providing for playlng rugby unlon football and other sports.
21 To provlde and asslst In provldln8 facllltles for sport, recreatlon or other lelsure tlme occupatlon of such persons who have
need of such facllltles by reason of thelr youth, age, Snflrmlty or dlsablementi poverty or social and economlc circumstances or
for the publlc at large In the Interests of soclal welfare and wlth the object of 5mprovln8 thelr conditlon5 of life.
31 To advance the educatlon of chlldren and young people through 5u¢h means a5 the dlrertors think fit in accordance with the
laws of the charlty.
Summary of the maln a¢tlvltles In relatlon to these objects
Senlor Rugby - Coachlng and tralnlng of senlor ru8by teams for both men and ladles and the playlng of matches In varlous
leagues.
Youth Rugby - Coachln8 and trainin8 of several age related team5 of rugby players from the age of 13 to 18 and playing in
matches and tournament5.
Mlnl Rugby - Coaching and tralnlng of several age related teams for boys and glrls from the ages of 5 to 12 and playlng In
matches and tournaments
General - Through schools and 5peclflc courses open to the publlc. the club offers rugby playln8 OPPOrtunltles to the wlder
¢ommunlty
In addltlon, in Ilne wlth Its oblectlves, the Charlty offers opportunlties for the communlty to take part in Touch Rugby sessions
for all age ranges, Walkln8 Rugby Ifor mlxEd gender5} for the over 505 and the use of facllities for Rugby Camps.
Publlc IxTrnefit
The trustees confirm that they have referred to the guldance contained in the Charity Commissioner's general guldance o
public benefit when reviewing the Charlty's alms and oblettives and in planning future activities.
The trustee5 are 5at15fied that the charity contlnues to meet the required publlc benefit test thmugh its oblectlves and
actlvltles.

KENDAL RUGBY UNION FOOTBALL CLUB LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORn (CONTINUED)
FOR THE YEAR EIVDED 30APRIL 2024
Achlevements and performance
Significant octlvlties ond achievement5 against objective5
The Men's 1st team finished 6th In a competitive League, the newly promoted Wasps continued thelr hl8h standard by
finishing 3rd (by one polnt from 2nd) an excellent result. The 2nds also performed well In the Halbro League flnishing 2nd.
We have had success throughout the Club, from the 5-year-old Little Stlnger5 (free membershlp next yearl to the slightly older
Auld Greys who have a large regular following playlng Walking Rugby. The AGS have led the way In expandlng interest in
Walklng Rugby. They contlnue to recruit and promote fltness for the local population of over 505.
We are proud that a number of last year's senlor colts have transltloned to senlor rugby with 9 of our recent 1st team
selectlon having come through our youth development program. We also added to both the men's and women's County squad
wlth a number of players representlng Cumbrla,
Flnanclal revlew
Three of the Charity Trustees are also Directors of the Trading Company, which manages the First team and the operatlon of
the bar. servery and other caterlnB facllltles. The Charlty charges the Trading Company rent Icurrently £17,5(KJ per annuml for
use of the facllltles.
A separate set of accounts Is prePa￿d for the TradSng Company and a summary Is shown at Note 22.
Last year the Charlty donated £50k to the Tradlng Company to pay legltlmate expenses Incurred by the Charlty supportlng Its
aims and objectives relatlng to the local communlty. Loans to the Tradlng Company Increased by £41k from £223k to £264k
12023: decreased by £35k from £258k to £223kl.
Reserves pollcy
It Is the desired pollcy of the board to create and retain sufflclent reserves to enable the club to malntaln and enhance its
facilltSes and provlde rugby opportunities to the communities In the Kendal area,
Investment
The Trustees have the power to Invest the Club's a55et5 as they see flt. The investment commlttee Is chalred by Chrls
Wheatman tO8ether with three other Trustees and revlews the opportunlties for a return on the Club's capltal while
protecting Its assets. The net investment Income less charges plus net 8ains over the year was a 8ain of £67k with a year-end
valuation of £l,516k12023- £1,568kl. Note the reductlon of the overall investment portfollo desplte the net gain is due to the
withdrawal of funds totalllng £119k during the year.
Major rlsks to whlch the chorftyls exposed
The trustees have examined the major strateglc, busine55 and operational rlsks which the charity faces and confirms that
systems have been established to enable regular reports to be produced so that necessary steps can be tsken to lessen these
risks.
Major risks
Molor risks to whl¢h the charftyls exposed
The trustees have examined the malor strategic, business and operational rlsks which the charity fates and confirms that
systems have been established to enable regular reports to be produced so that necessary steps can be taken to lessen these
risks.

KENDAL RUGBY UNION FOOTBALL CLUB LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
Structure. 8ovemance and m4na8ement
Legolstatus
The Charity is a company Ilmlted by guarantee and as such, does not have a share tapltal. Every member undertakes to
contribute such amounts as may be requlred (not exceedlng £10) to the company's assets If It should be wound up whilst he
or she is a member, or withln one year after he or she ceases to be a member, for payment of the company's debts and
liabilities contracted before he ceases to be a member, and of the costs, charges and expenses of winding Upi and for the
adjustment of the rights of the contrlbutorles among themselves.
Governlnq do¢ument
Kendal Rugby Unlon Football Club Llmited is an Independent registered charlty 8overned by Its mernorandum and articles of
assoclatlon dated 22 Aprll 2003 as amended by speclal resolutlon dated 17th March 2015.
OrqanlsatlonalstnKture
The Charity Trustees are all volunteers and are responsible for general control and management of the Charity. Regular
meetlngs are held by Trustees and also by Team members to discu55 flnance, tralnlng and other relevant Issues.
The trustees, who are also the dlrector5 for the purpose of company law, and who served durSn8 the year and up to the date
of s18nature of the financial statement5 were,.
Drs A Green
Mr J Nlcholson
MrA Perle
Mr C I Wheatman
Mr W Coxon
Mr D Alrey
Mr M Bowerbank
Mr C Hayton
MrsCG Park
Mr Andrew Blenkharn
Mr RJ Burrow
Mrs J L Rlgg
Ms F M Stanton
(Reslgned l November 20231
(Appolnted l November 20231
(Appolnted l November 20231
(Appolnted l November 20231
IAppolnted l November 2023}
Recruitment ond oppolntment of tru5tee5
Method adoptedfvy the recruitment qnd appolntment oAnew tnths
New trustees are Inv6ted to stand for election by reference to their skills and experience and to the needs of the charlty.
Candidates are then voted on by the charity's members at the Annual General Meeting IAGMI. If elected each trustee agrees
to serve for a three year term after which they esther reslgn or hold themselves up for re-electlon.
Trnstee Indurtlon and trolnlnq
New Trustees are shown a copy of the Charlty's Articles of Association and advised on the policy. procedure and
responsiblllties of the Charlty under the Charities Act.

KENDAL RUGBY UNION FOOTBALL CLUB LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
The trustees, report was approved by the Board of Trustee5.
Drs AGreen
Trustee
17 October 2024

KENDAL RUGBY UNION FOOTBALL CLUB LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF KENDAL RUGBY UNION FOOTBALL CWB LIMITED
I report to the trustees on my examlnatlon of the flnanclal statements of Kendal Rugby Union Football Club Limited (the
harityl for the year ended 30 Aprll 2024.
Respon$ibililies and basls of report
As the trustees of the charity land also Its directors for the purposes of company lawl you are responslble for the preparatlon
of the financial statements In accordance wlth the requirements of the Companies Art 2006 (the 2CK16 Act).
Having satisfied myself that the financial Statements of the charlty are not required to be audlted under Part 16 of the 2006
Act and are ellglble for Independent examinatlon, I report In respect of my examlnatlon of the charity's financial statements
carried out under sertlon 145 of the Charlties Act 2011 (the 2011 Act). In carrylng out my examination I have followed all the
appllcable Dlreclions glven by the Charlty Commisslon under sectlon 14515llbl of the 2011 Act.
Independent examlner'5 ststement
I have cornpleted my examinatlon. I conflrm that no matter5 have come to my attention in connectlon wlth the examlnatlon
Ivlng me cause to believe that In any materlal respect..
accountlng records were not kept In respect of the charity as requlred by section 386 of the 2006 Act; or
the financlal ststements do not accord with those records,. or
the financial statements do not comply with the accountlng requlrements of settlon 396 of thè 2006 Act other than any
requirement that the accounts glve a true and fair vlew whlch Is not a matter consldered as part of an Independent
examlnatlon, or
the flnanclal statements have not been prepared in accordance wlth the methods and prlnciples of the Statement of
Recommended Practl¢e for a¢¢ounting and reportln8 by charitles appllcable to ¢harities preparlng thelr accounts Sn
accordance wlth the Flnanclal Reportlng Standard appllcable In the UK and Republic of Ireland IFRS 1021.
I have no conceTn5 and have come across no other matters In connectlon wlth the examlnatlon to whlch attention should be
drawn In this report In order to enable a proper under5tandlng of the flnancial statements to be reached.
lan Thompson FCA
Salnt & Co Chartered Accountants
The Old Police Ststlon
Church Street
Amble51de
Curnbrla
LA22 OBT

KENDAL RUGBY UNION FOOTBALL CLUB LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 APRIL 2024
Unrestrl¢ted Unrestrlcted
funds
funds
8eneral deslgnated
2024
2024
Total
UnrestrScttd Unrestrlcted
funds
funds
general deslgnated
2023
2023
Totsl
2024
2023
Notes
Income and endowments from:
Donatlons and legacles
Other trading actlvities
Investment5
Other Income
6,440
17,500
22
250
6,440
17,500
34.689
250
1,600
17.5
1,097
250
1,600
17,500
30,163
250
34,667
29,066
Totsl Income
24,212
34,667
58,879
20,447
29,066
49,513
Expendlture on:
Ralslng funds
Charltable actlvltles
5,912
53,560
11,391
129.564
17,303
183,124
4,353
53,338
12.682
140.223
17,035
193,561
Totsl expendlture
59,472
140,955
200,427
57.691
152,905
210,596
Net gainslllossesl on
investments
13
43,256
43,256
142.0861
142,0861
Net expend5ture
135,2601
163,0321
198.2921
137,2441
1165.9251
1203,1691
Transfers between funds
83,275
183,275}
Net movement In funds
io
48,015
1146,3071
198,2921
137,244}
1165.9251
1203,1691
Reconclllatlon of fund$:
Fund balances at l May 2023
223,641
8,946,452
9,170.093
260,885
9,112.377
9,373,262
Fund balan¢e$ at JO Aprll 2024
271,656
8,800,145
9,071,801
223,641
8,946,452
9,170,093
The statement of financial activltles Intludes all gains and1055es recognlsed In the year. All Income and expendlture derive
from continuing activities.

KENDAL RUGBY UNION FOOTBALL CLUB LIMITED
BALANCE SHEET
ASAT30APRIL 2024
2024
202J
Notes
Flxed assets
Tangible assets
Investments
15
16
7.248.575
1,515.845
7,378.139
1,568.313
,764,420
.946,452
Current assets
Debtors
Cash at bank and In hand
17
285.759
24.846
223,349
4,219
310,605
13,2241
227,568
13,9271
Credltors: amounts falllng due wlthln one year
Net current assets
307,381
223,641
Total assets less current Ilabllltles
9,071,801
9,170,093
Net assets gx¢ludln8 penslon Ilablllty
9,071,801
9,170,093
The funds of the ¢harlty
Unrestrlcted funds- general
Unrestrlcted funds- deslgnated
271,656
8,800.145
223,641
8,946,452
19
9,071,801
9.170,093
The company is entltled to the exemptlon from the audlt requlrement contsined In sectlon 477 of the Companles Act 2006, for
the year ended 30 April 2024.
The dlrectors acknowledge thelr responslbilitles for complylng wlth the ￿qUIrementS of the Companles Art 2006 wlth respect
to accounting Tecords and the preparation of financlal statements.
The members have not requlred the company to obtain an audlt of Its flnanclal statements for the year In questlon In
accordance with sectlon 476.
These flnancial Statements have been prepared in accordance with the provlsions appllcable to companies sublett to the small
companles regime.
The financial statements were approved by the trustees on 17 October 2024
Mrwcoxon
Trustee
Company registration number 04740154 (England and Wales)

KENDAL RUGBY UNION FOOTBALL CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
Accountlng pollcles
Charlty Informatlon
Kendal Rugby Union Football Club Llmlted Is a prlvate company Ilmited by guarantee incorporated in England and
Wales. The registered offlce is Mint Brldge, Shap Road, Kendal. Cumbrla, LA9 6NY.
1.1 Accountlng conventlon
The flnanclal statements have been prepared In accordance wlth the charlty's18overning documentl, the Companies
Act 2006. FRS 102 "The Flnanclal Reportln8 Standard appllcable In the UK and Republic of Ireland" I"FRS 102.1 and the
Charitles SORP "Accounting and Reporting by Charltles.. Statement of Recommended Practlce appllcable to charltle5
preparing thelr accounts in accordance with the Financial Reporting standard appllcable in the UK and Republic of
Ireland IFRS 1021" {effective l January 20191. The charity is a Public 8enefTt Entlty a5 deflned by FRS 102.
The charlty has tsken advantage of the provlslons In the SORP for charltles not to prepare a Ststement of Cash Flows.
The fbnanclal statements are prepared In sterlln81 whlch Is the functional currency of the charlty. Monetsry amounts In
these flnanclal statements are rounded to the nearest £.
The flnanclal statements have been prepared under the hlstorical cost conventlon, rnodlfled to Include the revaluatlon
of freehold propertles and to Include Investment propertles and certaln financlal Instruments at fair vèlue. The princlpal
accountlng poll¢les adopted are set out below.
1.2 Golng COn￿M
At the time of approvln8 the flnanclal statements, the trustees have a reasonable expectation that the eharlty ha5
adequate resources to Continue In operatlonal exlstence for the foreseeable future. Thus the trustees contlnue to adopt
the golng concern basls of accountlng In preparlng the financlal statements.
1.3 Ch4iltable funds
Unrestricted funds are avallable for use at the discretlon of the trustees In furtherance of thelr charitable obJectives.
Deslgnated funds are unrestricted funds earmarked by the trustees for partlcular future prolect or commltment.
Restrleted funds are sublect to spÈclflc condltlons by donors or grantors as to how they may be used. The purposes and
uses of the restrlcted fund5 are set out in the notes to the flnanclal statements.
1.4 Income
Income is recognlsed when the charity is legally entitled to it after any performance condltions have been met, the
amounts can be rnea5u￿d reliably, and It Is probable that income will be recelved.
Income from donatlon5 or grants Is recognlsed when there15 evidence of entltlement to the gtft, recelpt Is probable and
its amount can be measured reliably.
Legacles are recognised on receipt or othen¥lse If the charity has been notlfled ol an impendlng distrlbutlon, the
amount is known, and receipt is expected. If the amount is not known. the legacy Is treated as a contingent asset.

KENDAL RUGBY UNION FOOTBALL CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
Accountlng polkie5
Icontlnuedl
Income from donated goods Is measured at the fair value of the goods unless this is Smpractical to measure reliably, In
which case the value is derived from the cost to the donor or the estimated resale value. Donated facllltles and servlces
are recognised in the accounts when received If the value can be reliably measured. No amounts are Included for the
contrlbution of general volunteers.
Income from contracts for the Supply of services Is recognised wlth the dellvery of the contracted servlce. This is
classified as unrestricted funds unless there is a contractual requirement for It to be spent on a particular purpose and
returned If unspent, In whl¢h case It may be regarded as restricted.
1.5 Expendlture
Expenditure15 recognlsed on an accruals basis as a liablllty Is Incurred. Expenditure Includes any VAT which cannot be
fully recovered, and Is classlfled under headings of the Statement of flnanclal activltles to which It relates:
expenditure on ralslng fund5 Includes the costs of all fundralslng artlvlties, events, non-charltable trading
activitles, and the sale of donated goods.
expendlture on charltable actlvitles includes all costs incurred by a charity In undertakSn8 activltles that further
Its charltable alms for the beneflt of Its beneflciarles. Includlng those support costs and costs relatlng to the
governance of the charity apportloned to charlLible activltles,
other expendlture includes all expendlture that Is nelther related to ralsing funds for the charlty nor part of Its
expenditure on charltable actlvitles.
All costs are allocated to expenditure categories reflectln8 the use of the resource. Dlrect costs attrlbutsble to a Single
artivlty are allocated dlrectly to that actlvlty. Shared costs are apportloned between the actlvltles they contrlbute to on
a reasonable. justSflable and consistent bas15.
1.6 Trnglble Il¥ed assets
Tangible fixed assets are Initlally measured at cost and subsequently measured at cost or valuatlon, net of depreciatlon
and any impairment losses.
Depreclatlon Is retognlsed so a5 to wrlte off the cost or valuatlon of assets le55 their resldual values over their useful
Ilves on the followln8 ba5e5:
Freehold land and bulldln8S
Fixtures, fittings and equlpment
2% stralght Ilne on building5
25% stralght line or 20% reducing balance
Freehold land is not depreclated.
The gain or loss arising on the dlsposal of an asset Ss determined as the difference between the sale proceeds and the
carrying value of the asset, and is recognised In the ststement of financial actlvltle5.
1.7 Fixed asset Investments
Fixed asset investments are Initially measured at transaction prlce excluding transaction costs, and are subsequentlv
measured at fair value at each reporting date. Changes in falr value are recognised In net income/{expenditurel for the
year. Transaction costs are expensed as incurred.
10-

KENDAL RUGBY UNION FOOTBALL CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
Accountlng pollcles
(Contlnuedl
1.8 Impalrment of fixed a￿ets
At each reporting end date, the charity reviews the carrying amounts of Its tan8lble assets to determlne whether there
Is any indication that those assets have suffered an Impalrment loss. If any such Indlcatlon exlsts, the recoverable
amount of the asset is estimated In order to determlne the extent of the Impalrrnent Ioss Ilf anyl.
1.9 Cash and cash equlvalents
Cash and cash equivalents Indude cash In hand. deposlts held at call wlth banks, other short-tem) liquid Investments
with original maturlties of three months or less, and bank overdrafts. 8ank overdrafts are shown wlthin borrowlngs In
current liabllltles.
1.10 Flnanclal Instruments
The charlty has elected to apply the provlsions of Section 11 'Baslc Financial Instruments, and Section 12 '0ther
Flnancial Instruments Issues, of FRS 102 to all of its financlal instruments.
Flnanclal Instruments are recognlsed In the charlty's balance sheet when the charlty becomes party to the contractual
provlslons of the Snstrument.
Financlal assets and Ilabilltles are offset, wlth the net amounts presented In the flnanclal ststements, when there Is
legally enforceable rl8ht to set off the recognlsed amounts and there Is an Intentlon to settle on a net basls or to ￿alISe
the asset and settle the Ilablllty slmultaneouslv,
aslcflnandal assets
8asic flnanclal assets, which Include debtors and cash and bank balances, are Inltlally measured at transactlon prlce
Includlng transartlon c05t5 and are subsequently carried at amort15ed cost Using the effectlve interest method unless
the arrangement con5tltute5 a flnanclng transactlon, where the transaction Is measured at the present value of the
future receSpts dlscounted at a market rate of Interest. Flnancial a55et5 cla551fied 45 receivable wlthin one year are not
amortised.
Boslcfinonclolllobllltles
Basic flnancial liabilitles. Includlng credltors and bank loans a￿ Inltlally recognlsed at transactlon price unless the
arrangement constltutes a financlng transactlon. where the debt Instrumentls measured at the present value of the
future payments dlscounted at a market rate of Interest. Flnanclal Ilablllties classlfled as payable wlthln one year are not
amortised.
Debt instruments are subsequently carrled at amortlsed cost, uslng the effectlve Interest rate method.
Trade creditor5 are obligations to pay for goods or servlces that have been acqulred in the ordinary course of operations
from suppliers. Amounts payable are classlfled as current Ilabllltles if payment Is due within one year or less. If not, they
are presented as non-current liabilitles. Tr3de credltors are recognlsed Initially at transaction prlce and subsequentlv
measured at amortised cost using the effectlve Interest method.
Derecognltlon oAflnancial liobilhles
Financial Ilabilitles are dereco8nlsed when the charitvs contractual obligatlons expire or are discharged or cancelled.
1.11 Taxatlon
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period.
Current tax is recognised on taxable income or expenditure for the current and past periods. Current tax Is measured at
the amounts of tax expected to pay or recover using the tax rates and laws that have been enarted or substantively
enacted at the reporting date.
11

KENDAL RUGBY UNION FOOTBALL CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
Accountlng pollcles
Icontlnued)
1.12 Consolldation
The charlty 15 not required to prepare consolidated accounts In accordance wlth the Charltles Act 2011, and has taken
advantage of the optlon not to prepare consolldated financlal statements contained Section 398 of the Companles
Act 2006 on the basls that the charlty and its subsidiary undertaking5 compr15e a small group.
Crlikal accountlnz estlmates and Judgements
In the applicatlon of the charlty's accountin8 pollcies. the trustees are requlred to make judgements. estlmates and
assumptions about the carrylng amount of a55ets and liablllties that are not readlly apparent from other sources. The
estlmates and as50clated a5sumptlons are based on h15torlcal experlence and other factors that are consldered to be
relevant. Actual results may differ from these estimates.
The estlmates and underlylng assumptlons are reviewed on an ongoing basis. Revislons to accountlng estlmates are
recognlsed in the perlod In which the estlmate Is revised where the revislon affects only that perlod, or in the perlod of
the revlslon and future perlods where the rev151on affects both current and future perlods.
CrStltal Judgements
Kendal Rugby lTradln8) Llmlted
The judgement that the trustees have made that has a sl8nlflcant rlsk of causlng a material adlustment to the carrylng
amount of assets In the next flnanclal year is wlth regard to debtors, speclfically loans to Kendal Rugby ITradSngl Limlted.
The accounts have been prepared assumln8 that the outstanding capltal repayments and Interest due wlll be pald In the
near future.
Income from donatlons and leiacles
Unrestrleted
funds
2024
Unrestrlrted
funds
2023
Oonatlons and gffts
Grants receivable
6,440
loo
1,500
1,600
Grants recefvable for core activities
Charltles Aid Foundation ICAFI
Charlties Trust- volenteers grant
500
1,000
1,500
12-

KENDAL RUGBY UNION FOOTBALL CLU8 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
Income from other trAdln8 artlvltles
Unrestrlcted
funds
2024
Unrestrlrted
funds
2023
Lease of property to Kendal Rugby (Trading) Llmited
17,500
17,500
Income from Investment$
Unrestrlcted Unrestrlcted
funds
funds
general desl8nated
2024
2024
Total
Unrestrlrted Unrestrfcted
funds
funds
general deslgnated
2023
2023
Total
2024
2023
Interest recelvable Kendal
Rugby (Trading) Ltd
Investment portfollo
dlvldends & Interest
Interest receivable
1,091
1,091
34,667
34,667
22
29,066
29,066
22
22
34.667
34,689
1,097
29,066
30,163
Other Incorne
Unrestrlcted
funds
2024
Unrestrlcted
funds
2023
Environment Agency rlver 8ua8in8 5tatlon
250
250
13-

KENDAL RUGBY UNION FOOTBALL CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
Expenditure on raislng funds
Unrestrlcted Unrestricted
funds
funds
general deslgnated
2024
2024
Totsl
Unrestricted Unrestrirted
funds
funds
general deslgnated
2023
2023
Totsl
2024
2023
Tradlng costs
Clubhouse premises costs
5,912
5.912
4,353
4,353
Investment management
11,391
11,391
12,682
12,682
Total costs
5,912
11,391
17,303
4,353
12,682
17,035
Expendltuie on charltable actlvltles
Provlsion of
rugby facllities
2024
Property
Total
Provislon of
rugby facilltles
2023
Property
Total
2024
1024
2023
2023
Dlrect Costs
Depreciation and
impairment
Contribution5 to Kendal
Rugby (Trading} Ltd to cover
rugby expenses
129,564
129,564
140,223
140,223
50,000
50,000
50,000
50,01)0
50,000
129,564
179,564
50,000
140,223
190,223
Share of support and governance costs (see note 9)
Support
156
Governance
156
3,404
192
192
3,146
3,404
3,146
53,560
129,564
183,124
53,338
140,223
193,561
Analysis by fund
Unrestricted funds- general
Unrestritted funds-
designated
53,560
53,560
53,338
53,338
129,564
129.564
140,223
140,223
53,560
129,564
183,124
53,338
140,223
193,561
14-

KENDAL RUGBY UNION FOOTBALL CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
Support costs allocated to activitles
2024
2023
Bank charBes
Sundries
Governance costs
108
48
144
48
3.146
3,404
3,S60
3,338
Analysed between:
Provision of rugby facillties
3,560
3,338
io
Net movement In funds
2024
2023
The net movement in funds is stated after charging/lcreditingl-
Fees payable for the Independent examination of the charlty's flnanclal statement5
Depreclatlon of owned tangible fixed assets
3,228
129,564
2,986
140,223
li
Trustees
None of the trustees lor any persons connected with them) received any remuneration or benefits from the charity
during the year.
No expenses have been received by any trustee for services provided to the charity.
12
Employees
The average monthly number of employees durlng the year was..
2024
Number
2023
Number
Total
There were no employees whose annual remuneration wa5 more than £60,000.
Remuneratlon of key management personnel
No remuneration of key management personnel wa5 paid during the reporting period.
15-

KENDAL RUGBY UNION FOOTBALL CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
13
Galns and losses on Investments
Unrestricted
funds
de51gnated
2024
Unrestrlcted
funds
deslgnated
2023
Galnslllosse51 arlslng on:
Revaluation of Investments
43,256
142,0861
14 Taxwtlon
The charlty Is exempt from taxatlon on its actlvltles because all Its Income Is applled for charltable purposes.
15 Tanglble fixed a55ets
Freehold l•nd Hxlures, Nttin81
and bulldlnp and •qulpm¢nt
Totsl
C05t
At l May 2023
7,686,647
868,739
8,555,386
At 30 Aprll 2024
7,686,647
868,739
8,555,386
Depreclatlon and Impalrment
At l May 2023
Depreclation char8ed In the year
521,634
86,939
655,613
42,625
1,177,247
129,564
At 30 April 2024
608,573
698,238
1,306,811
Carrylng amount
At 30 AprS12024
7,078,074
170,501
7,248,575
At 30 April 2023
7,165,013
213,126
7,378,139
All Investments shown above are held at valuation.
All investments are held to be provide an investment return for the charltv.
16-

KENDAL RUGBY UNION FOOTBALL CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
16 Flxed asset Investments
Ustedcash In portfollo
Investments
Total
Cost or Wdluatlon
At l May 2023
Addltlons
Valuatlon changes
Changes In cash
Dlsposals
1,487.434
971,773
53,997
80,879
1,568,313
971,773
53,997
171,4281
11,006,810)
{71,4281
11,C>06,8101
At 30 Aprll 2024
1.506,394
9,451
1,515,845
Carrylng amount
At 30 Aprll 2024
1,506,394
9,451
1,515.845
At 30 Aprll 2023
1,487,434
80,879
1.568.313
17 Debtors
2024
2023
Amounts fallln8 due wlthln one year:
Trade debtors
Amount5 owed by subsidiary undertaklngs
Other debtOTS
Prepayments and accrued Income
2,100
263,789
2,007
17,863
300
222,799
250
285,759
223,349
18 Credltors: amounts falllng due wlthln one year
2024
2023
Other taxation and 50cial 5ecurlty
Accruals and deferred Income
861
3,066
3,224
3,224
3.927
17-

KENDAL RUGBY UNION FOOTBALL CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
19
Unre$trlrted funds- desl8natsd
These are unrestricted funds which are material to the tharity'5 actlvities.
At l May 1023
Incomlng
resouttes
Resources
expended
TrdnsfersGalns and losse5 At 30 Aprll 2024
Deslgnated
tangible fixed
assets
7,378,139
{129,5641
35,725
7,284,300
Desl8nated
Investment
reserve
1,568,313
34,667
{11.3911
1119,0001
43,256
1,515,845
8,946.452
34,667
1140,9551
183,2751
43,256
8,800,145
Prevlous year.
At l May 2022
Incomlng
resourtt5
Resoums
expended
TranSfe￿GlIn$ •nd10sses At 30 Aprll 2023
Deslgnated
tangible flxed
assets
Designated
Investment
reserve
7,518,362
1140,2231
7.378,139
1,594,015
29,066
112,6821
142.0861
1,568,313
9,112.377
29,066
1152,9051
{42,0861
8,946,452
The desl8nated tan8lble flxed a55ets fund represents the net book value of freehold property and fixtures, flttlngs and
equlpment.
The designated Investment reserve reflects the value of the Investments managed by Rathbone Investment
Management Llmlted.
During the reportlng perlod the followlng transfer5 between funds were rnade,.
£83,275 was transferred from designated Investment reserve to the unrestrlcted 8eneral fund In respert of the
contlnued financlal support of the trading sub51diary.
£35,725 wa5 transferred from designated investment reserve to the deslgnated tangible r￿ed assets reserve in respect
of the installation of two new boilers wlthin the premise.
There were no materlal transfer5 recognlsed in the reportlng perlod ended 30 April 2023.
18-

KENDAL RUGBY UNION FOOTBALL CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
20 Unrestrictsd funds
The unrestrlcted funds of the charlty comprise the unexpended balances of donatlon5 and grants whlch are not sublect
to specific condltlons by donors and grantors as to how they may be used. These Include designated funds which have
been Set aside out of unrestricted funds by the trustees for speciflc purposes.
At l May 2023
Incomlng
resource$
Resource$
expended
Transfers At 30 Aprll 2024
General funds
223,641
24,212
159,4721
83,275
271,656
Prevlous year:
At l May 2022
In¢omlng
resources
Resour¢e$
expended
Transfeys At 30 Aprll 2023
Genernl tunds
260.885
20.447
157,6911
223,641
21 Analysls of net assets between fund$
Unre5trlcEed
lunds
zeneral
2024
Unr¢strlrted
lund$
de51gnatsd
2024
Total
2024
At ao Aprll 2024:
Tanglble assets
Investments
Current assetsllllabllltlesl
7.248,575
1.515,845
35,725
7,248,575
1,515,845
307,381
271,656
271,656
8.8CKJ,145
9,071,801
Unrestrlrted
funds
general
2023
Unrestrlrted
funds
de51gnated
2023
Total
2023
At 30 Aprll 2023:
Tangible assets
Investments
Current assetsllllabllltiesl
7.378.139
1.568,313
7,378,139
1,568,313
223,641
223,641
223,641
,946,452
9,170,093
19-

KENDAL RUGBY UNION FOOTBALL CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR EIVDED 30 APRIL 2024
22 Operatlng lease commitments
Lessee
At the reportlng end date the charity had outstanding commltments for future minlmum lease payments under non-
cancellable operating leases, whlch fall due as follows:
2024
2023
Lessor
The amounts reflert the lease between the Trustees of Kendal Rugby Unlon Football Club Llmited and Kendal Rugby
ITradSngl Llmited for the lease of land and property at Mlnt Bridge for a term of seven years from 24 November 2017 to
23 November 2024. with rent payable at £I7,5c￿ per year commencln8 on 16 March 2018.
At the reportlng end date the charity had contrarted wlth tenants for the followlng minlmum lease payments,.
2024
2023
Wlthin one year
Between two and flve years
9,853
17,500
9,853
9,853
27,353
23
Related party trnnsartlons
-20-

KENDAL RUGBY UNION FOOTBALL CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30APRIL 2024
23 Related party tran5a¢tlons
(Contlnued)
Subsidlary Undertuklnqs
The charity has one trading subsldlary undertaklng; Kendal Rugby ITradir¢gl Limited (Company Reglstratlon Number
095597261. The company 15 a private company Ilmlted by guarantee. The company is registered In England and Wales.
The address of the registered office Is Mint 8rldge, Shap Road, Kendal. Cumbrla. LA9 6NY. The tradlng company's Articles
of Assotlation state within Its objects that It Is to operate a social club and other commer¢lal activities to provlde funds
to donate to the charlty. The charity also provldes direction to the trading company.
Three of the current trustees of Kendal Rugby Union Football Club Llmlted (the "charlty'l, namely W Coxon, S Green,
and A Perle are also dlrectors of Kendal Rugby (Trading) Limlted {the"tradln8 company").
The transactions between the charlty and the trndlng compary were as follow5:
Under the lerms of a lease agreement dated 12 October 2018 the tradlng company leases the land and property at Mint
Brldge from the charity for the sum of £17,500 per annum. wlth effect from 16 March 2018; the lease rent received for
the year ended 30 April 2024 was £17,50012023.. £17,500). At 30 Aprll 2024 the trading company owed the charity £Nil
for lease rent12023- £Nill. The lease also requlres that the tenant pays rates In respect of the property.. durlng the
current year rates paid by the charlty amountlng to £1,359 were re-char8ed to the trading company vla the Inter-
company loan account12023.. É2,1361.
Furthermore, the charlty Is responslble for property Insurance and the tenant shall pay to the landlord on demand any
relevant property Insurance: In the current year the charity pald £NII on behalf of the tradin8 company but none was
demanded from the tradlng company 12023: charity paid £NII on behalf of the tradlng company but none was
demanded from the tradlng company l.
Durlng the year ended 30 April 2024 the charlty donated £50,000 to the trading company to cover rugby expenses
12023.. £50.0001.
During the year ended 30 Aprll 2024 the loan5 to the trading cornpany from the charlty were reduced.. the total
outstandlng at 30 Aprll 2024 shown in Debtors is £263.789 12023.. £222,799). Thls conslsts of workinB capital loans
amountln8 to £263,789 {2023: £222,799) for which no interest15 charged. The Interest recelved on the loans to the
tradlng company for the year was £Nil12023.. £1,091).
The result5 for the subsidiary are as follows;
Aggregate capital and reserves
Proflt or loss for the year
1£353,8071
1£42,9581
{£310,8491
1£31,7711
24 Llmited by guarantee
Kendal Rugby Union Football Club Limited is a company Ilmited by guarantee: each member's contribution not
exceeding £10 on dissolution.
21