Docusign Envelope ID: 046E336E-0555-4FE8-8871-21C08A67C84ADocusign Envelope ID: D518884A-A914-4D1F-BD58-68D27AA1B556
**Charity number: 1162504**
## **OSPREYS WHEELCHAIR RUGBY**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 JULY 2024**
Docusign Envelope ID: 046E336E-0555-4FE8-8871-21C08A67C84ADocusign Envelope ID: D518884A-A914-4D1F-BD58-68D27AA1B556
## **OSPREYS WHEELCHAIR RUGBY**
## **CONTENTS**
||Page|
|---|---|
|**Reference and Administrative Details of the Charity, its Trustees and Advisers**|1|
|**Trustees' Report**|2 - 5|
|**Independent Examiner's Report**|6 - 7|
|**Statement of Financial Activities**|8|
|**Balance Sheet**|9|
|**Notes to the Financial Statements**|10 - 18|
|The following pages do not form part of the statutory financial statements:||
|**Charity Detailed Income and Expenditure Account and Summaries**||
Docusign Envelope ID: 046E336E-0555-4FE8-8871-21C08A67C84ADocusign Envelope ID: D518884A-A914-4D1F-BD58-68D27AA1B556
## **OSPREYS WHEELCHAIR RUGBY**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JULY 2024**
|**Trustees**|S Jones, Chair|
|---|---|
||S P Lloyd, Treasurer|
||R Bishop, Secretary|
||J Martin, Trustee|
|**Charity registered**
**number**
1162504
**Principal office**
128 Capel Road
Clydach
Swansea
SA6 5PE
**Accountants**
MHA
MHA House Charter Court
Phoenix Way
Swansea Enterprise Park
Swansea
SA7 9FS||
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Docusign Envelope ID: 046E336E-0555-4FE8-8871-21C08A67C84ADocusign Envelope ID: D518884A-A914-4D1F-BD58-68D27AA1B556
## **OSPREYS WHEELCHAIR RUGBY**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 JULY 2024**
The Trustees present their annual report together with the financial statements of the Ospreys Wheelchair Rugby for the 1 August 2023 to 31 July 2024.
## **Objectives and activities**
## **a. Policies and objectives**
The objects of the charity are to promote and develop wheelchair rugby in the community, specifically the South Wales area, by provision of facilities for the playing of wheelchair rugby, and to co-ordinate the development and management of a wheelchair rugby team
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## **b. Activities undertaken to achieve objectives**
The charity facilitates the running of a wheelchair rugby team, Ospreys Wheelchair Rugby (the team), by the provision of equipment and facilities required to play wheelchair rugby, as well as providing coaching and financial support to enable the team to complete in the national series. The charity actively seeks to recruit new members to the team from the community by promoting the sport in South Wales.
## **c. Public benefit**
The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit and have had regard to it when reviewing the aims and objectives of the charity, and in planning its future activities. In particular the trustees consider how planned activities will contribute to the objectives set by the charity, specifically the promotion of community participation in wheelchair rugby.
## **Achievements and performance**
## **a. Main achievements of the Charity**
The charity continues to operate allowing people with disabilities to train and play wheelchair rugby with the club. The club provides chairs and equipment for this to be possible. Within the club there are two different teams that compete in the national league championship.
## **Financial review**
## **a. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
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## **OSPREYS WHEELCHAIR RUGBY**
**TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024**
## **b. Reserves policy**
The charity's policy on reserves is to seek to maintain approximately 3 month's running costs within unrestricted reserves. This amounts to approximately £25,000.
At the period end the charity has total reserves of £76,812 (2023 - £97,819), consisting of unrestricted reserves of £17,184 (2023 - £20,113), and restricted reserves of £59,628 (2023 - £77,706).
Unrestricted reserves relate to funds which have no restriction on their use and include monies generated from members’ subscription fees and general fundraising. These reserves are used to meet the day to day running costs of the charity.
Restricted reserves relate to funds generated for specific purposes; these reserves will be used in accordance with the restrictions stipulated by the donor. These funds usually relate to capital expenditure such as the purchase of wheelchairs and sports equipment and they will be expended at such time that the equipment is required.
## **c. Financial position**
The charity has recorded a defecit of £21,007 (2023 - surplus of £30,580) for the period and has net assets of £76,812 (2023 - £97,819) at 31 July 2024.
Income generated decreased from £107,784 in 2023 to £79,836. The majority of income is raised through professional fundraisers.
The majority of the reserves carried forward relate to restricted funds. Much of the restricted income relates to capital expenditure such as the purchase of wheelchairs and sports equipment. This expenditure is deferred until the equipment is required.
## **d. Principal funding**
The charity receives grants and donations from other charities and supporters and the majority of this income is generated through professional fundraisers who are contracted to fundraise on the charity’s behalf. The charity also generates income from club memberships.
## **e. Future developments**
The clubs main goal for the future is to continue providing opportunities for people with disabilities to train and play with the club and to continue competing in the league competitions.
## **Structure, governance and management**
## **a. Constitution**
Ospreys Wheelchair Rugby is a registered charity, number 1162504, and is controlled by its governing document, a deed of trust, and is constituted as a charitable incorporated organisation.
## **b. Methods of appointment or election of Trustees**
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
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## **OSPREYS WHEELCHAIR RUGBY**
**TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024**
## **Structure, governance and management (continued)**
## **c. Policies adopted for the induction and training of Trustees**
Trustees receive training and induction as required, through sessions with other trustees, as well as attending external training course with organisations such as the GBWR.
Skills shortages on the Board are also kept under constant review and recruitment of new trustees is targeted accordingly
## **d. Management**
The charity is administered and managed by an elected committee, in accordance with its constitution. The committee consists of the chairman, vice chairman the treasurer and secretary, together with the other members.
## **e. Recruitment and appointment of new trustees**
New trustees are elected by existing trustees at the AGM to provide the charity with the skills necessary to operate the charity and achieve its objectives.
## **f. Risk management**
The trustees have identified and reviewed the risks to which the charity is exposed and have implemented appropriate systems and controls to manage those risks.
The main risk facing the charity is the sourcing of funds, as the charity's main source of income is grants and donations. The trustees’ response to this risk is to continue using the services of Corporate Direct Fundraising, who have been successful in raising significant income for the charity.
The trustees recognised the risk of a depletion of unrestricted funds being available to support future general charitable activities and have requested that Corporate Direct Fundraising focus on sourcing donations for the charity that do not carry restrictions that preclude the use of the income for general charitable purposes.
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## **OSPREYS WHEELCHAIR RUGBY**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024**
## **Statement of Trustees' responsibilities**
The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
**S P Lloyd** (Trustee)
Date: May 13, 2025
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Docusign Envelope ID: 046E336E-0555-4FE8-8871-21C08A67C84ADocusign Envelope ID: D518884A-A914-4D1F-BD58-68D27AA1B556
## **OSPREYS WHEELCHAIR RUGBY**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 JULY 2024**
## **Independent Examiner's Report to the Trustees of Ospreys Wheelchair Rugby ('the Charity')**
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 July 2024.
## **Responsibilities and Basis of Report**
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent Examiner's Statement**
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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 that in any material respect:
1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
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## **OSPREYS WHEELCHAIR RUGBY**
**INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024**
Signed: R Doyle Dated: May 15, 2025
Rachel Doyle ACA DChA
MHA MHA House Charter Court Phoenix Way Swansea Enterprise Park SA7 9FS
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Docusign Envelope ID: 046E336E-0555-4FE8-8871-21C08A67C84ADocusign Envelope ID: D518884A-A914-4D1F-BD58-68D27AA1B556
## **OSPREYS WHEELCHAIR RUGBY**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2024**
|**Note**
**Income from:**
Donations and legacies
3
Charitable activities
4
**Total income**
**Expenditure on:**
Charitable activities
5
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Restricted**
**funds**
**2024**
**£**
**15,650**
**-**
**15,650**
**33,728**
**33,728**
**(18,078)**
**77,706**
**(18,078)**
**59,628**|**Unrestricted**
**funds**
**2024**
**£**
**60,650**
**3,536**
**64,186**
**67,115**
**67,115**
**(2,929)**
**20,113**
**(2,929)**
**17,184**|**Total**
**funds**
**2024**
**£**
**76,300**
**3,536**
**79,836**
**100,843**
**100,843**
**(21,007)**
**97,819**
**(21,007)**
**76,812**|_Total_
_funds_
_2023_
_£_
_104,250_
_3,624_
_107,874_|
|---|---|---|---|---|
|||||_77,294_
_77,294_|
|||||_30,580_|
|||||_67,239_
_30,580_
_97,819_|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 10 to 18 form part of these financial statements.
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## **OSPREYS WHEELCHAIR RUGBY**
## **BALANCE SHEET AS AT 31 JULY 2024**
|**Note**
**Fixed assets**
Tangible assets
9
**Current assets**
Debtors
10
Cash at bank and in hand
Creditors: amounts falling due within one
year
11
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset**
**Total net assets**
**Charity funds**
Restricted funds
Unrestricted funds
**Total funds**|**7,500**
**37,391**
**44,891**
**(4,436)**|**2024**
**£**
**36,357**
**36,357**
**40,455**
**76,812**
**76,812**
**76,812**
**59,628**
**17,184**
**76,812**|_-_
_54,377_
_54,377_
_(3,375)_|_2023_
_£_
_46,817_|
|---|---|---|---|---|
|||||_46,817_
_51,002_|
|||||_97,819_|
|||||_97,819_|
|||||_97,819_|
|||||_77,706_
_20,113_|
|||||_97,819_|
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
## **S P Lloyd**
(Trustee)
## Date: May 13, 2025
The notes on pages 10 to 18 form part of these financial statements.
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## **OSPREYS WHEELCHAIR RUGBY**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024**
## **1. General information**
Ospreys Wheelchair Rugby is a charitable incorporated organisation (registered charity number: 1162504), registered in England and Wales. The principal address and activities of the charity are set out in the report of the Trustees.
The functional and presentation currency of the financial statements is the Pound Sterling (£) and balances are rounded to the nearest £1.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Ospreys Wheelchair Rugby meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **2.2 Going concern**
A significant proportion of the charity's income is by way of grant funding which is raised by an external company, CDF Limited. The charity is reliant upon the continued fundraising of CDF Limited. The trustees have responded to this risk by ensuring that cash reserves are maintained in order to cover a sufficient period so that the charity can meen ongoing costs.
The charity also has few fixed costs and therefore the Trustees have a reasonable expectation that the charity will have adequate resources to continue in operational existence for the foreseeable future and accordingly adopt the going concern basis in preparing the financial statements.
## **2.3 Income**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants and donations are recognised when the charity has unconditional entitlement to the resource. In the event that grant income is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised in full until either those conditions are fully met or the fulfilment of those conditions is wholly within the control of the charity.
## **2.4 Expenditure**
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## **OSPREYS WHEELCHAIR RUGBY**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024**
## **2. Accounting policies (continued)**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT.
## **2.5 Gift Aid**
In the case of a Gift Aid payment made within the Group, income is accrued when the payment is payable to the Parent Charity under a legal obligation. Measurement is at the fair value receivable, which will normally be the transaction value.
Where the right to receive Gift Aid has been established, the amount receivable is recognised as investment income in the Statement of Financial Activities.
Income from tax reclaims are recognised in the same period as the gift or donation to which they relate.
## **2.6 Tangible fixed assets and depreciation**
Tangible fixed assets costing £200 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
Plant and machinery - 25%
## **2.7 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **2.8 Cash at bank and in hand**
Cash at bank and 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.
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## **OSPREYS WHEELCHAIR RUGBY**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024**
## **2. Accounting policies (continued)**
## **2.9 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
## **2.10 Financial instruments**
The Charity 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.
## **2.11 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
## **2.12 Support and governance costs**
Governance costs comprise of all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to the accountancy and legal fees. Support costs include all management and administrative costs of the charity. Due to the nature of the operations of the charity it was not considered appropriate to allocate expenditure on activities.
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## **OSPREYS WHEELCHAIR RUGBY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024**
## **2. Accounting policies (continued)**
## **2.13 Significant judgement and estimates**
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors which are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision only effects that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The following are the critical judgements that the trustees have made in the process of applying the accounting policies and that have the most significant effect on the amounts recognised in the financial statements.
## Impairment of assets
Assets are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the income statement.
## **2.14 Charitable activities**
Costs of charitable activities comprise all costs incurred in the pursuit of the charitable objects of the charity.
## **2.15 Donated Goods**
Donated goods and services are not included in the Statement of Financial Activities if the value of such goods or services cannot be reasonably quantified.
## **2.16 Taxation**
The charity is exempt from tax on its charitable activities.
## **3. Income from donations and legacies**
|Donations & Grants
_Total 2023_|**Restricted**
**funds**
**2024**
**Unrestricted**
**funds**
**2024**
**£**
**£**
15,650
60,650
_52,800_
_51,450_|**Total**
**funds**
**2024**
**£**
**76,300**
_104,250_|_Total_
_funds_
_2023_
_£_
_104,250_|
|---|---|---|---|
|||||
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## **OSPREYS WHEELCHAIR RUGBY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024**
## **4. Income from charitable activities**
|**Unrestricted**
**funds**
**2024**
**£**
Membership fees
3,536
_Total 2023_
_3,624_|**Total**
**funds**
**2024**
**£**
**3,536**
_3,624_|_Total_
_funds_
_2023_
_£_
_3,624_|
|---|---|---|
||||
## **5. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|Charitable activities
_Total 2023_|**Restricted**
**funds**
**2024**
**Unrestricted**
**funds**
**2024**
**£**
**£**
33,728
67,115
_28,944_
_48,350_|**Total**
**2024**
**£**
**100,843**
_77,294_|_Total_
_2023_
_£_
_77,294_|
|---|---|---|---|
|||||
## **6. Analysis of expenditure by activities**
|Charitable activities
_Total 2023_|**Activities**
**undertaken**
**directly**
**2024**
**£**
82,639
_57,989_|**Support**
**costs**
**2024**
**£**
18,204
_19,305_|**Total**
**funds**
**2024**
**£**
**100,843**
_77,294_|_Total_
_funds_
_2023_
_£_
_77,294_|
|---|---|---|---|---|
||||||
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## **OSPREYS WHEELCHAIR RUGBY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024**
## **6. Analysis of expenditure by activities (continued)**
## **Analysis of direct costs**
|Hire of sports facilities
Outsourced fundraising fees
Club event costs
Sundry club costs
Wheelchair repairs
Travel & accommodation
GBWR Entry & membership fees
Depreciation
_Total 2023_
**Analysis of support costs**
Set up & administration costs
Outsourced admin salary
Subscriptions
Computer expenses
Training
Governance costs
_Total 2023_|**Charitable**
**activities**
**2024**
**£**
11,942
12,289
1,006
338
6,840
29,093
5,171
15,960
82,639
_57,989_
**Charitable**
**activities**
**2024**
**£**
734
12,679
403
668
660
3,060
18,204
_19,305_|**Total**
**funds**
**2024**
**£**
**11,942**
**12,289**
**1,006**
**338**
**6,840**
**29,093**
**5,171**
**15,960**
**82,639**
_57,989_
**Total**
**funds**
**2024**
**£**
**734**
**12,679**
**403**
**668**
**660**
**3,060**
**18,204**
_19,305_|_Total_
_funds_
_2023_
_£_
_5,706_
_13,821_
_958_
_222_
_914_
_19,442_
_3,688_
_13,238_
_57,989_|
|---|---|---|---|
||||_Total_
_funds_
_2023_
_£_
_708_
_14,707_
_374_
_-_
_-_
_3,516_
_19,305_|
|||||
Page 15
Docusign Envelope ID: 046E336E-0555-4FE8-8871-21C08A67C84ADocusign Envelope ID: D518884A-A914-4D1F-BD58-68D27AA1B556
## **OSPREYS WHEELCHAIR RUGBY**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024**
## **7. Independent examiner's remuneration**
The independent examiner's remuneration amounts to an independent examiner fee of £2,000 _(2023 - £1,500)_ , and Accountancy services of £1,060 ( _2023_ - _£2,016_ ).
## **8. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2023 - £NIL)_ .
During the year ended 31 July 2024, expenses totalling _£_ 12,144 were reimbursed or paid directly to 3 Trustees _(2023 - £12,723 to 2 Trustees)_ . Expenses were reimbursed in respect of travel & equipment.
## **9. Tangible fixed assets**
|**Cost or valuation**
At 1 August 2023
Additions
At 31 July 2024
**Depreciation**
At 1 August 2023
Charge for the year
At 31 July 2024
**Net book value**
At 31 July 2024
_At 31 July 2023_|**Plant and**
**machinery**
**£**
**100,360**
**5,500**|
|---|---|
||**105,860**|
||**53,543**
**15,960**|
||**69,503**|
||**36,357**|
||_46,817_|
Page 16
Docusign Envelope ID: 046E336E-0555-4FE8-8871-21C08A67C84ADocusign Envelope ID: D518884A-A914-4D1F-BD58-68D27AA1B556
## **OSPREYS WHEELCHAIR RUGBY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024**
## **10. Debtors**
|**Due within one year**
Prepayments and accrued income
**Creditors: Amounts falling due within one year**
Trade creditors
Accruals and deferred income|**2024**
**£**
**7,500**
**7,500**
**2024**
**£**
**1,196**
**3,240**
**4,436**|_2023_
_£_
_-_|
|---|---|---|
|||_-_|
|||_2023_
_£_
_375_
_3,000_|
|||_3,375_|
## **11. Creditors: Amounts falling due within one year**
## **12. Summary of funds**
## **Summary of funds - current year**
|**Balance at 1**
**August 2023**
**£**
General funds
**20,113**
Restricted funds
**77,706**
**97,819**
**Summary of funds - prior year**
_Balance at_
_1 August_
_2022_
_£_
General funds
_13,389_
Restricted funds
_53,850_
_67,239_|**Income**
**£**
**64,186**
**15,650**
**79,836**
_Income_
_£_
_55,074_
_52,800_
_107,874_|**Expenditure**
**£**
**Balance at**
**31 July 2024**
**£**
**(67,115)**
**17,184**
**(33,728)**
**59,628**
**(100,843)**
**76,812**
_Expenditure_
_£_
_Balance at_
_31 July 2023_
_£_
_(48,350)_
_20,113_
_(28,944)_
_77,706_
_(77,294)_
_97,819_|**Expenditure**
**£**
**Balance at**
**31 July 2024**
**£**
**(67,115)**
**17,184**
**(33,728)**
**59,628**
**(100,843)**
**76,812**
_Expenditure_
_£_
_Balance at_
_31 July 2023_
_£_
_(48,350)_
_20,113_
_(28,944)_
_77,706_
_(77,294)_
_97,819_|
|---|---|---|---|
||||_Balance at_
_31 July 2023_
_£_
_20,113_
_77,706_
_97,819_|
Page 17
Docusign Envelope ID: 046E336E-0555-4FE8-8871-21C08A67C84ADocusign Envelope ID: D518884A-A914-4D1F-BD58-68D27AA1B556
## **OSPREYS WHEELCHAIR RUGBY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024**
## **13. Analysis of net assets between funds**
## **Analysis of net assets between funds - current period**
|Tangible fixed assets
Current assets
Creditors due within one year
**Total**|**Restricted**
**funds**
**2024**
**Unrestricted**
**funds**
**2024**
**£**
**£**
36,357
-
23,271
21,620
-
(4,436)
59,628
17,184|**Total**
**funds**
**2024**
**£**
**36,357**
**44,891**
**(4,436)**
**76,812**|
|---|---|---|
## **Analysis of net assets between funds - prior period**
|Tangible fixed assets
Current assets
Creditors due within one year
**Total**|_Restricted_
_funds_
_2023_
_£_
_46,817_
_30,889_
_-_
_77,706_|_Unrestricted_
_funds_
_2023_
_£_
_-_
_23,488_
_(3,375)_
_20,113_|_Total_
_funds_
_2023_
_£_
_46,817_
_54,377_
_(3,375)_
_97,819_|
|---|---|---|---|
Page 18
Docusign Envelope ID: 046E336E-0555-4FE8-8871-21C08A67C84ADocusign Envelope ID: D518884A-A914-4D1F-BD58-68D27AA1B556
## **OSPREYS WHEELCHAIR RUGBY**
## **INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY 2024**
|**Income**
Donations and grants
Subscriptions
**Gains on investments**
**Gross income in the reporting period**
**Less:**
**Charitable activities**
Outsourced fundraising fees
Hire of sports facilities
GBWR entry & membership fees
Travel & accommodation
Sundry club costs
Club event costs
Wheelchair repairs
Depreciation
**Support costs**
Outsourced admin salary
Independent examination
Accountancy fees
Set up & administration costs
Subscriptions
Computer expenses
Training
**Total expenditure**
**Net (expenditure)/income before taxation for the**
**reporting period**
**Tax payable**|**2024**
**£**
**76,300**
**3,536**
**12,289**
**11,942**
**5,171**
**29,093**
**338**
**1,006**
**6,840**
**15,960**
**12,679**
**2,000**
**1,060**
**734**
**403**
**668**
**660**|**2024**
**£**
**79,836**
**-**
**79,836**
**82,639**
**18,204**
**100,843**
**(21,007)**
**-**|_2023_
_£_
_104,250_
_3,624_
_13,821_
_5,706_
_3,688_
_19,442_
_222_
_958_
_914_
_13,238_
_14,707_
_1,500_
_2,016_
_708_
_374_
_-_
_-_|_2023_
_£_|
|---|---|---|---|---|
|||||_107,874_|
||||||
|||||_-_|
||||||
|||||_107,874_|
||||||
|||||_57,989_|
||||||
|||||_19,305_|
||||||
||||||
|||||**77,294**|
||||||
||||||
|||||**30,580**|
||||||
|||||_-_|
Page 19
Docusign Envelope ID: 046E336E-0555-4FE8-8871-21C08A67C84ADocusign Envelope ID: D518884A-A914-4D1F-BD58-68D27AA1B556
## **OSPREYS WHEELCHAIR RUGBY**
## **INCOME AND EXPENDITURE ACCOUNT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2024**
|**2024**
**£**
**Net (expenditure)/income for the reporting period**
**(Deficit)/Surplus for the reporting period**
**Surplus brought forward at 1 August 2023**
**Surplus carried forward at 31 July 2024**|**2024**
_2023_
**£**
_£_
**(21,007)**
**(21,007)**
**97,819**
**76,812**|_2023_
_£_|
|---|---|---|
|||**30,580**|
|||_30,580_
_67,239_|
|||_97,819_|
The notes on pages 10 to 18 form part of these financial statements.
Page 20