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2024-09-30-accounts

REGISTERED COMPANY NUMBER: 09760575 (England and Wales) REGISTERED CHARITY NUMBER: 1165153

REPORT OF THE TRUSTEES AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 FOR

ROYAL NAVY RUGBY UNION

Gibson Whitter Chartered Accountants and Tax Advisers Larch House Parklands Business Park Denmead Hampshire PO7 6XP

ROYAL NAVY RUGBY UNION

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

Page
Report of the Trustees 1 to 11
Independent Auditors Report 12 to 14
Statement of Financial Activities 15
Balance Sheet 16-17
Cash Flow Statement 18
Notes to the Cash Flow Statement 19
Notes to the Financial Statements 20-32

ROYAL NAVAL RUGBY UNION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2024

The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

CHAIR’S OVERVIEW

This report covers the year to 30 September 2024. This is the third full year of operating since the pandemic and for our Representative teams there were many successes on the pitch. This season, the Mariners delivered an impressive array of performances and won the Inter-Service Championship for the first time in nine years. The Senior Men’s team demonstrated resilience and skill throughout and produced a final showcase of Military rugby at the Army v Navy fixture at Twickenham. They dominated the Army in the first half but the Army came back strong in the second, resulting in blockbuster entertainment for the crowds but heartbreak for our team, who were narrowly beaten in the final minutes. The Women’s Senior team had a competitive encounter with the RAF and finished the season playing at Twickenham Stadium for the third time but despite the best efforts of those involved, the Army dominated the match.

For the community area, we saw an increase in grassroots rugby participation, across various sessions and festivals, marking a significant rise from the previous year. The introduction of new competitions, such as the Tri-Service 7s, and the continued success of existing ones like Beach Rugby, have enhanced community engagement and participation. However, there was a reduction in the number of unit and regional fixtures played, which can be attributed to player availability and operational commitments. Therefore, we will continue to review and revise competition formats to make them more accessible and seek to increase engagement.

Financial stability for the RNRU was maintained through prudent management, despite lower-thanexpected revenue from our key fixture at Twickenham. The effects of the pandemic are still evident with ticket sales falling again this year resulting in only two of the three stadium tiers being used. Nevertheless, we remain determined to challenge the current trajectory and are continuing to pursue our long-term ambition of returning to a sell-out stadium.

Trustee succession planning is a sign of good governance and is key in ensuring the Board of Trustees has a diverse range of skills, experience and knowledge to enable it to continue to be highly effective. We welcomed a new trustee this year and have benefited significantly from the new skills that they have brought to the board. The Trustees have continued to review expenditure, and through good governance, diligence and planning continue to ensure the charity can appropriately respond to any financial challenges presented. Notwithstanding that, we believe that it remains appropriate to plan on a going concern basis. Despite the challenges faced, we have made significant progress and laid a strong foundation for future success.

OBJECTIVES AND ACTIVITIES

Objectives and Aims

The explicit objectives endorsed by the RNRU support the over-riding aim to 'promote and foster' the game within the Royal Navy, and its local communities, as follows:

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ROYAL NAVAL RUGBY UNION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2024

OBJECTIVES AND ACTIVITIES (continued) Achievements and Performance Against Objectives

A summary of the RNRU's achievements against our objectives and future plans as outlined in last year's Report and Accounts can be found in the table below.

We said that we would do We achieved
Maintain
strong
governance:
ensure
the
governance of the charity remains robust while
renewing the 5-year strategy in alignment with
the RFU’s overarching strategy for game
development.		 �
Governance
and
Compliance:
The
RNRU maintained strong governance
practices,
with
audits
confirming
compliance with RFU regulations,
�
Financial
Management:
The
organization
managed
its
finances
prudently, with a focus on maintaining
reserves and ensuring funds for future
rugby activities.
�
Volunteer
Engagement:
Continued
efforts
to
recognize
and
support
volunteers,
essential
for
the
organization’s operations.
Develop Structures and Facilities: Invest in
grassroots and community rugby by developing
our structures and facilities to support the growth
of our representative teams		 �
Infrastructure Improvements: New LED
floodlights and a new hot water and
central heating boiler were installed at
the Rectory Ground.
�
Financial Stability: Despite lower-than-
expected revenues from the Army Navy
match, the organization maintained a
healthy cash balance and continued to
invest in facilities and grassroots rugby.
Strengthen Championship Position: Achieve
back-to-back success in the annual Senior Men's
fixture against the Army at Twickenham to
consolidate our position in the Inter Service
Championship.		 �
Senior Men's Team: The team had a
strong season, with a notable win
against the RAF but a narrow loss to the
Army in the final minutes.
�
U23 Team: Achieved a significant victory
against the Army but lost to the RAF,
impacting their championship position.
�
Mariners (Over 35s): Successfully won
the Inter-Service Championship for the
first time in nine years.
�
Sharks
7s:
Demonstrated
strong
performance in various tournaments,
including winning the Cup at Cheltenham
7s.
�
Women’s
Senior
Team:
Faced
challenges with player availability and
injuries but remained determined to
improve. Number of RNRU Women
players
selected
for
UKAF
team
continues to increase.
Enhance Women's Player Pathway: Expand and
develop the Women's player pathway to further
the achievements in the Women's Game.		 �
Women's
Development
Squad:
Successfully integrated new players and
planned fixtures to increase visibility and
participation.
�
Support for Top Tier Players: Efforts to
support players in Premiership Women’s
Rugby with bursaries and contracts.

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ROYAL NAVAL RUGBY UNION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2024

Promote Rugby Participation and Enjoyment:
Enhance the participation and enjoyment of
rugby at all levels within the Naval Service.		 �
Grassroots
Rugby:
Participation
increased
significantly,
with
377
participants in various sessions and
festivals, up by 163 from the previous
year.
�
Community Competitions: Despite some
cancellations, new competitions like the
Tri-Service 7s were introduced, and
existing ones like the Beach Rugby saw
increased participation.
�
Women's
Development
Squad:
Continued growth with new players
joining and afullset of fixtures planned.

Purpose of the RNRU

The Royal Navy Rugby Union has a long and distinguished history dating back to 1906. On its formation rugby was fairly embryonic, with ratings and other ranks not eligible to play. However, the Officers saw the game’s value to Naval Service ethos and after the RN were able to select from all their personnel in 1920 there was a burgeoning of service rugby clubs, including Devonport Services and United Services Portsmouth, formed to provide playing opportunities in RFU league structures. Whilst in the early years these clubs were restricted to the use of service personnel approximately 30 years ago membership was opened to the local civilian community, who now form a significant element of the club, providing a valuable opportunity for outreach to the local community through sport.

The adult section of both clubs supports 3 senior sides and one Colts team plus a vibrant youth section from U7 to U16. In addition, Devonport Services maintain a Ladies Youth team. RN ships and units are also active and engage in matches around the globe whilst the Union supports five representative teams (Senior Men, Senior Women, U23, Veterans and Sevens) to provide the pinnacle of Navy sport. In the modern day the Union remains relevant, upholds the values of the Royal Navy in building partnerships with other navies around the world in support of RFU initiatives.

As both a registered charity and National Constituent Body of the Rugby Football Union, we are committed to promoting participation and enjoyment of rugby at all levels within the Naval Service. We are consolidating our position, having professionalised much of what we do, with success in the long running Inter Service Championship particularly at the annual fixture against the Army at Twickenham, which now incorporates both Men’s and Women’s Senior Teams, remaining a central pillar of our strategy. At the same time, we are developing our structures and facilities and investing in grass roots and community rugby, as this will provide the foundation upon which we can grow our representative teams. The provision of a Women’s Development side is providing increased opportunities for emerging players who otherwise would not be sufficiently proficient to break into the hitherto single female representative side. Elsewhere, the provision of coaching and refereeing courses is resulting in greater exposure to sport for all age groups.

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ROYAL NAVAL RUGBY UNION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2024

Public Benefit

The charity exists to support the military efficiency of the Naval Service as a key component of the nation's Armed Forces and thereby to the defence of the nation. The Trustees have complied with the duty in Section 17 of the Charities Act 2011 and given due regard to the Charity Commission guidance on public benefit. In addition, the RNRU provides public benefit by enhancing and promoting military efficiency, strengthening the moral component of the Royal Navy's and Royal Marines' esprit de corps, which in turn brings tangible benefit to the public:

FINANCIAL REVIEW

Financial Position

The charitable activities are overseen by the Royal Navy Rugby Union (RNRU). Navy Rugby Ltd (NRL), a wholly-owned subsidiary of the RNRU, manages the trading activities. These accounts cover the 12month period ending on 30 September 2024. This is the third full year of operations and rugby since the pandemic, and the accounts reflect the charity’s primary objective of facilitating rugby while rebuilding a reserve for any future destabilizing events.

Statement of Financial Activities (SOFA)

The Consolidated SOFA for the 12-month period ended on 30 September 2024, with the main fundraising activity remaining the Army v Navy matches at Twickenham. The income for 2024 was £1,188k, a decrease of £197k from the £1,385k generated in 2023. Expenditure also slightly decreased by £53k to £1,048k compared to £1,101k in 2023. Both changes were predominantly linked to the Army vs. Navy match. Overall, annual income exceeded expenditure by £141k (£284k in 2023), marking the third consecutive year of income growth for the RNRU rather than consuming reserves.

The financial activities of the charity, as detailed in Note 2 to the Consolidated Financial Statements, show significantly lower income of £499k for 2024 compared with £642k for 2023. Income is primarily derived from distributions from NRL trading activities, which saw a reduction in profit to £360k from £462k the previous year. Expenditure stood at £358k, consistent with the previous year (£357k), with 94% of that expenditure attributable to charitable activities (Royal Navy Rugby and Community Rugby), as in prior years. Overall, net income was £141k, half of the previous year's £284k, due to a fall in income of £143k.

Balance Sheet

The consolidated group's net assets increased by £141k, rising from £832k on 30 September 2023 to £973k at 30 September 2024. This change is reflected in the net current assets, with cash balances increasing by £27�k due to income received in advance, which is included in current liabilities. Additionally, funds held as custodian for Navy Sports Development (£3�k) and Army v Navy Match Committee (£151k) contribute to this increase (as per Note 19).

The movement on the charity’s standalone balance sheet reflects that of the group mentioned above. The high level of current asset debtors is due to the distribution not being transferred by this date. It is less than at 30 September 2023 due to lower distribution from Navy Rugby Ltd. Bank balance has increased due to the surplus for year and effect of the reduction in debtors. Creditors are comparable year on year.

As of 30 September 2024, net assets of £973k comprise unrestricted funds of £585k (compared to £631k on 30 September 2023) and designated funds of £387k (compared to £201k on 30 September 2023) (see note 21 for details).

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ROYAL NAVAL RUGBY UNION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2024

FINANCIAL REVIEW (continued)

Review of the Year

This was the third full rugby season since the pandemic, including the show-case event, the Army Navy Matches at Twickenham. It is now established (3rd year) that the Women play immediately after the Men on the Twickenham pitch. The event at Twickenham remains the most significant occasion and the primary source of income for the Charity. Despite this, the pandemic's effects are still evident, with ticket sales falling to approximately 42,000 (paying), resulting in only two of the three stadium tiers being used compared to a sell-out crowd pre-pandemic.

Only one of the five personnel costs (24%) continued to be covered by the Naval Service Sports Charity (NSSC), with another paid for by the Royal Navy. All sponsors returned to support the Charity, and new sponsors contributed, resulting in an income increase to £178k from £156k. Patron income remained constant at £18.7k, though it is relatively small compared to other sources. The RFU Constituent Body grant and Regional Development Officer funding continue to provide guaranteed income. Overall, donations, legacies, and other trading income (excluding Inter Service match income and international ticket sales) were slightly lower than in 2023.

Community Rugby and Representative Rugby expenditure was slightly lower this year by 4%, although like-for-like rugby expenditure was higher, aligning with budget expectations. The representative RNRU rugby teams played the French Marine Nationale matches in France this year. Community Rugby expenditure increased again by 24% to £38k, partly due to having a new Regional Development Officer for the entire year.

Overall, cash reserves have been refreshed for the third year, specifically due to a partially successful AvN Match Day. The RNRU has sufficient cash funds to support the 2024/25 rugby season without requiring additional grants or loans. The outstanding Sports Lottery loan was partially repaid (£5k) and is budgeted for full repayment over the next seven years.

Going concern The budget for 2024/25 was approved in September 2024 at the Trustees’ Board Meeting. The RNRU budget was later adjusted once the NRL distribution became clearer, and additional pay inflation was factored in. It was revised as follows:

Income: £446k (£538k in FY 23/24) Expenditure: £441k (£519k) Surplus: £5k

The RNRU will run a surplus budget without relying on reserves, grants, or loans. Additionally, the budget includes a loan repayment of £5k (leaving a balance of £35k) but does not designate any further funds for CNRC or reserves (although £50k will be moved from current cash to reserves in the first quarter). This means that the total cash resources of the charity at 30 Sep 25 are forecast to be approximately £105k in cash, a designated CNRC & Tour fund of £77k, and a designated reserve of £360k.

The Trustee Board anticipates that the Army Navy match will be played again this year at Twickenham in May 2025. An inter-services manager is now employed to plan this event, along with a marketing team. Based on the experience of the last two years, the initial ticket plan is to sell 50,000 tickets in 2- tiers of the stadium (with a capacity of 60,000 rather than the whole stadium of 78,000). At this stage, this is considered a realistic forecast of attendance, and using just 2-tiers of the stadium helps control costs; the long-term goal is to see the match return to full stadium capacity. If successful in 2025, an estimated £400k will be received as a distribution that will allow rugby to continue fully next year and provide surplus funds for designated reserves and future tours.

Based on cash flow forecasts over the next two years, both entities are expected to be able to meet their current ongoing financial commitments until at least September 2026.

The Trustee Board, based on the above information, has concluded that it remains appropriate to prepare these financial statements on the going concern basis.

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ROYAL NAVAL RUGBY UNION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2024

Governance and Administration

The Trustee Board, guided by the Investment Finance and Audit Committee (IFAC), approves the annual budget set by the Executive Committee. The accounting services for the RNRU and NRL (excluding salary and pensions) are managed in-house at HMS TEMERAIRE using our finance officer and Xero accountancy software.

Risk

Financial risks are assessed by the Executive Committee, the IFAC, and the Trustee Board. A primary risk is the successful hosting of the Army Navy match, as it is the main source of income. The cancellation of this match in 2020 and 2021 had a substantial impact on the RNRU's operations. To mitigate this, activities were minimized, allowing the Charity to continue operating by drawing on reserves. During this period, the Charity relied heavily on its reserves and received significant support from sponsors, the RN RM Sports Lottery for salaries and tours, and the NSSC, which provided both a grant and a loan (now being repaid).

Since 2022, the Army v Navy match has been successfully held at Twickenham, although attendance has not reached pre-pandemic levels. Efforts are underway to address this issue. The Trustee Board, IFAC, and Executive Committee will closely monitor this risk and adapt operating plans as necessary.

Investments

The RNRU currently has a single investment of £100k in the trading subsidiary NRL. A long-term investment policy is reviewed periodically and may be re-established in the future if sufficient excess funds are generated. At present, the focus is on building a reserve, which currently stands at £310k.

Due to the financial and operational impacts experienced by NRL in recent years, the Trustee Board has annually evaluated whether the charity’s £100k investment in NRL should be impaired as of 30 September 2024. The trustees have reviewed NRL's forecasts and anticipate that the Army Navy match will take place at Twickenham in 2025, with ticket sales expected to cover costs and generate an operating profit for the financial year 25-26.

Investment Restrictions

The Trustee Board does not consider ethical investment restrictions necessary or conflicting with RNRU's objectives. They believe this aligns with the updated guidance to CC14 provided by the Charity Commission.

Reserves Policy

The Trustee Board maintains a reserves policy to allocate adequate free reserves for the needs of current beneficiaries, specifically the RNRU charity budget, while ensuring sustainability for future generations. These designated funds are "cash reserves" specifically earmarked to cover anticipated tour costs in future years and to fund a complete rugby season should the AvN match not occur. Free reserves of £500k are necessary to manage cash flows throughout the year, as income is primarily derived from a single source – the distribution from NRL in arrears. This approach provides sufficient assurance that the charity can achieve its objectives and mitigate any unexpected fluctuations in charitable expenditure or income shortfalls.

The Trustee Board initially agreed upon the current reserves policy in April 2018, based on free reserves that would cover the costs of a basic rugby season. The policy was revised in 2019 to establish a minimum free reserves level of £300k and a maximum of £500k. The policy is reviewed at least annually, with the most recent review in September 2024 setting an objective of holding a designated reserve of £500k in a separate savings account. This account has been established and currently holds £310k (£275k plus a £35k loan). An additional £50k will be added by December 2024 in the next financial year.

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ROYAL NAVAL RUGBY UNION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2024

The charity’s free reserves are calculated by taking total unrestricted funds and deducting designated reserves, designated funds, long-term investments, and operational tangible fixed assets. The calculation of free reserves as of 30 September 2024 is shown in the table below:

30 Sep 21 30 Sep 22 30 Sep 23 30 Sep 24
£'000 £'000 £'000 £'000
Total unrestricted funds 298 548 832 973
Less: Designated fund for CNRC & tours 0 (20) (50) (77)
Less: Designated reserves 0 (60) (111) (275)
Less: Loan (40) (35)
Less: Longterm investments(NRL) (100) (100) (100) (100)
Less: Operational tangible fixed assets (5) (3) (2) (1)
Free Reserves 193 365 529 485

With adequate income once again flowing into the RNRU, the Trustee Board will continue to rebuild designated reserves while ensuring that the charity meets its charitable objectives. The Trustee Board acknowledges that one year of designated reserves may be insufficient and is committed to prudently increasing the reserve levels in the future to mitigate identified risks.

PLANS FOR THE FUTURE

Continue to promote the participation and enjoyment of rugby at all levels within the Naval Service. by expanding grassroots rugby programmes and revising and enhancing community competition formats to make them more accessible and engaging ensuring they fit within the operational constraints of the Naval Service

Strengthen competitive performance by implementing targeted training programmes, coaching clinics and support structures to enhance the performance of our senior teams with a focus on regaining the Inter-Service Championship title for the men and for the women to become more competitive to achieve a first IS Championship in the next 5-years.

Confirm financial stability and target growth by continuing to invest heavily in the marketing and promotion of the Army v Navy fixture and enhancing the fan experience, as well as the expansion of the overall Inter-Service Championship, to include holding the Navy v RAF fixture at a Premiership Rugby ground. Additionally, we will carry on diversifying our revenue streams and actively seek new sponsorship opportunities as well as strengthening our relationships with our existing sponsors to secure more financial support.

Continue to develop our structures and facilities by prioritizing the refurbishment and maintenance of key facilities, including clubhouses and training grounds and by developing a comprehensive infrastructure plan outlining necessary upgrades and improvements, along with a timeline and funding strategy.

Continue to enhance women’s rugby by expanding player pathway programmes and providing additional resources in terms of coaching and financial support.

The governance element of the charity continues to be a significant focus and the Union is now in the process of carrying out a governance review to ensure we remain compliant with all relevant laws and regulations. We are also in the process of renewing our 5-year strategy, aligned with the RFU’s overarching strategy for game development, to ensure the charity remains fit for purpose.

By focusing on these key plans, we aim to build on our successes, address our challenges, and ensure the continued growth and development of rugby within the Naval Service.

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ROYAL NAVAL RUGBY UNION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational Structure

The RNRU is a regulatory body, which on behalf of the President, directs, controls, administers and promotes the sport of Rugby Football Union within the Royal Navy. The objectives of the RNRU are reviewed by the Trustees and specific targets and objectives, which are compatible with those laid down by the Rugby Football Union (RFU) as the governing body for the sport, are set. The aim of the RNRU is to promote and foster the game of Rugby Union in the Royal Navy and its local communities in accordance with the Laws of the Game promulgated by World Rugby and the rules, regulations and bye laws issued by the RFU. The governing body of the RNRU is the Board of Trustees, which comprises up to 8 members and meets twice a year to review charitable objectives, strategy, risk register and performance. Trustees are elected or appointed for a three-year term, and may, subject to Board approval, serve for further three-year terms. New appointees’ induction training is personalised to meet the requirements of the appointee. The President and Secretary attend all Board of Trustees meetings.

The Board is supported by an Investment, Finance and Audit Committee (IFAC) sub-committee, with specific terms of reference and functions delegated by the Board and with a Trustee as Chair, appointed by the Board. An independent member (qualified accountant) attends all meetings together with the Executive Committee Vice Chair.

The Board decide on the strategy of the Union, with implementation of strategy and day-to-day operational management of activity in support of its objectives delegated by the Board to the Executive Committee. The Executive separately, and independently, act as the delivery arm of NRL.

The Executive Committee consist of the following appointments:

Chair Company Secretary Vice Chair Treasurer RFU Council Member Commercial Director Director of Rugby Director of Communications Director of Community Rugby Sports Development Officer (non-voting) Volunteers Manager

The majority of RNRU officials are serving Royal Navy/Royal Marines personnel, who undertake the roles on a voluntary basis on top of their high-pressure military appointments. The exception is the RNRU Secretariat and Community Rugby team which are operated by 5 permanent paid members of staff; the RNRU Sports Development Officer is a full-time MOD Civil Servant and the Company Secretary, Business Manager, Finance Officer and Rugby Development Officer are funded by the charity. Due to the financial impact of Covid19, the salary for the Finance Officer and Rugby Development Officer were continued to be underwritten by the NSSC for this financial year. All vacancies within the RNRU are advertised on the RNRU website inviting volunteers, both serving and civilians, to be considered for selection; all Executive Committee appointments are re-appointed at the AGM.

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ROYAL NAVAL RUGBY UNION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2024

Management and Administration

The day-to-day control and administration of the RNRU is delegated to the Chair of the Executive Committee. The Executive Committee are tasked with achieving the objectives set by the trustees in their strategic plans.

Volunteers and Related Parties

The Trustees all gave their services voluntarily and received no remuneration for their activities, other than travel and incidental expenses. The serving members of the Board undertake their RNRU duties as volunteers in addition to their normal line duties.

Navy Rugby Limited

Navy Rugby Limited (NRL) operates as a separate but wholly owned subsidiary of the Royal Navy Rugby Union (RNRU). It is a VAT registered company whose objective is to generate income for the RNRU through trading activities including, but not limited to, receipts from ticket sales to Navy Rugby games, the sale of merchandise associated with Navy Rugby and the support of RNRU sponsors. NRL has three directors: the shareholding director (currently gapped) (a member of the Trustee Board of the RNRU), a managing director (the member of the RNRU Executive Committee responsible for Marketing) and an independent Chair. The RNRU Company Secretary and Treasurer also perform the appropriate professional duties for NRL, which has a separate bank account and operates as a separate entity in legal and financial terms from the RNRU. Established with a £100,000 share issue from which all trading activity is resourced, all its operating profits are donated to the RNRU on completion of its annual audit. The NRL Board of Directors meet at least twice a year and oversight is maintained on the RNRU Board of Trustees by inviting the Chair to report its activities at Trustee Board meetings. In addition, the managing director of NRL reports to the RNRU Trustee Board’s Investment, Finance and Audit sub-committee.

Governing Document

The RNRU is controlled by its governing document, its Memorandum and Articles of Association dated 3 September 2015, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company Number

09760575 (England and Wales) Registered Charity Number 1165153

Registered Office

HMS Temeraire Burnaby Road Portsmouth Hampshire PO1 2HB

Patron

The Royal Navy Rugby Union is honoured to have had Her Majesty Queen Elizabeth II as our Patron.

President

Vice Admiral Andrew Burns CB, OBE

Trustees

The Trustees in this period were: Rear Admiral M J Parr CB (Chair) Mr A Bujalski Rear Admiral S M Moorhouse CBE Commander K Marlor Royal Navy Captain S E Oakley Royal Navy Mr W Reid Mrs E Sinden From 23 April 2024

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ROYAL NAVAL RUGBY UNION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2024

REFERENCE AND ADMINISTRATIVE DETAILS (continued) Auditors

Gibson Whitter Chartered Accountants And Chartered Tax Advisers Larch House Parklands Business Park Denmead Hampshire PO7 6XP

Legal Advisors

Wilsons Solicitors LLP Alexandra House St Johns Street Salisbury SP1 2SB

Bankers

National Westminster Bank PLC 130 Commercial Road Portsmouth Hampshire PO1 2EJ

ACKNOWLEDGEMENTS

The Board wish to place on record their gratitude to all those who have contributed to the on-going success of the RNRU. These are too numerous to mention in full and the list that follows is just a representative sample of our growing band of supporters. Babcock International Group PLC ESS (part of the Compass Group UK) Rolls Royce Thales SA Group Rohde and Schwarz Qinetiq SAAB MBDA Peter Cooper Motor Group BMT Activision VX3 Accenture ThinkLogical Palantir

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ROYAL NAVAL RUGBY UNION

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2024

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Royal Navy Rugby Union for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITORS

The auditors, Gibson Whitter Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Approved by order of the board of trustees on ������������and signed on its behalf by:

Rear Admiral M J Parr CB - Trustee

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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF ROYAL NAVY RUGBY UNION

Opinion

We have audited the financial statements of Royal Navy Rugby Union (the 'parent charitable company') and its subsidiary (the 'group') for the year ended 30 September 2024 which comprise the Consolidated Statement of Financial Activities, the consolidated Balance Sheet, the consolidated Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Page 12

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF

ROYAL NAVY RUGBY UNION

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Page 13

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF

ROYAL NAVY RUGBY UNION

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Gavin Whitter (Senior Statutory Auditor) for and on behalf of Gibson Whitter Limited Statutory Auditors Larch House Parklands Business Park Denmead Hampshire PO7 6XP

Date: 31 March 2025

Page 14

ROYAL NAVY RUGBY UNION

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
Charitable activities
6
Royal Navy Rugby
Community Rugby
Other trading activities
4
Investment income
5
Total
EXPENDITURE ON
Raising funds
7
Charitable activities
8
Royal Navy Rugby
Community Rugby
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Year
ended
30.9.24
Unrestricted
funds
£
57,790
22,550
7,685
1,090,294
10,074
1,188,393
711,325
244,592
91,909
1,047,826
140,567
832,009
972,576		 Year
ended
30.9.23
Total
funds
£
124,564
8,796
11,592
1,239,036
1,206
1,385,194
745,096
261,218
94,660
1,100,974
284,220
547,789
832,009

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of the financial statements Page 15

ROYAL NAVY RUGBY UNION

CONSOLIDATED BALANCE SHEET AT 30 SEPTEMBER 2024

Notes
FIXED ASSETS
Intangible assets
15
Tangible assets
16
Investments
17
CURRENT ASSETS
Debtors
18
Cash at bank
CREDITORS
Amounts falling due within one year
19
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after more than one year
20
NET ASSETS
FUNDS
21
Unrestricted funds
TOTAL FUNDS		 Group
30.9.24
£
-
1,942
-
1,942
85,143
1,187,706
1,272,849
(267,215)
1,005,634
1,007,576
(35,000)
972,576
972,576
972,576		 Group
30.9.23
£
3,481
2,291
-		 Charity
30.9.24
£
-
1,387
100,000
101,387
392,249
592,276
984,525
(78,337)
906,188
1,007,575
(35,000)
972,575
972,575
972,575		 Charity
30.9.23
£
-
2,291
100,000
5,772
34,694
911,098		 102,291
490,826
353,170
945,792
(79,555)		 843,996
(74,279)
866,237
872,009
(40,000)
832,009		 769,717
872,008
(40,000)
832,008
832,009 832,008
832,009 832,008

The notes form part of the financial statements

Page 16

ROYAL NAVY RUGBY UNION

BALANCE SHEET - CONTINUED AT 30 SEPTEMBER 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the Board of Trustees and authorised for issue on������������� and were signed on its behalf by:

Rear Admiral M J Parr CB- Trustee

The notes form part of the financial statements

Page 17

ROYAL NAVY RUGBY UNION

CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2024

Notes
Cash flows from operating activities:
1
Net cash provided by (used in) operating activities
Cash flows from investing activities:
Purchase of intangible fixed assets
Purchase of tangible fixed assets
Interest received
Net cash provided by (used in) investing activities
Cash flows from financing activities:
Movement in cash held as custodian
Interest paid
Loan repaid in year
Net cash provided by (used in) financing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the end of the reporting period
Cash and cash equivalents at the beginning of the reporting
period
Cash generated from operations		 Year
Year
ended
ended
30.9.24
30.9.23
£
£
119,851
297,652
119,851
297,652
-
-
(834)
-
10,074
1,206
9,240
1,206
152,517
(9,373)
-
-
(5,000)
(10,000)
147,517
(19,373)
-
-
276,608
279,485
911,098
631,613
1,187,706
911,098

The notes form part of the financial statements

Page 18

ROYAL NAVY RUGBY UNION

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

Adjustments for:
Depreciation and amortisation charges
Interest received
(Increase) in debtors
Increase in creditors
Net cash provided by operating activities
2.
At 1.10.23
Net cash
Cash at bank and in hand
911,098
Debt
Debts falling due within one year
-
Debts falling due after one year
(40,000)
(40,000)
Total
871,098
ANALYSIS OF CHANGES IN NET DEBT
Net income/ (expenditure) for the reporting period (as per
the statement of financial activities)		 Year
ended
30.9.24
£
140,567
4,662
(10,074)
(50,449)
35,145		 Other
non-cash
changes
-
-
-
-
-		 Year
ended
30.9.23
£
284,220
4,539
(1,206)
74,031
(63,932)
119,851 297,652
Cash flow
276,608		 At 30.9.24
1,187,706
-
5,000		 -
(35,000)
5,000 (35,000)
281,608 1,152,706

Page 19

ROYAL NAVY RUGBY UNION

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value.

Basis of consolidation

The consolidated financial statements incorporate the financial statements of the charitable company and its subsidiary.

The financial statements of the subsidiary undertaking included within the consolidated figures are adjusted where appropriate, the conform to Group accounting policies.

Significant judgements and estimates

In preparing these financial statements, the trustee directors have made the following judgements:

Income

Voluntary income including donations, gifts and legacies and grants that provide core funding or are of a general nature are recognised where there is entitlement, the receipt is probable and the amount can be measured with sufficient reliability. Such income is only deferred when:

Income from activities to generate funds, such as sponsorship, merchandise sales, patrons scheme, Army v Navy match, Navy v RAF match and investment income are recognised on a receivable basis.

Income from charitable activities relates to Community Rugby grants and courses. Such income is only deferred when:

Page 20

ROYAL NAVY RUGBY UNION

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. ACCOUNTING POLICIES- continued

Volunteers and donated services

The value of services provided by volunteers is not incorporated into these financial statements. Where goods or services are provided to the charity as a donation that would normally be purchased from suppliers, this contributions is included in the financial statements at an estimate based on the value of the contribution to the charity.

Expenditure

Expenditure is recognised when a liability is incurred. Contractual arrangements are recognised as goods or services are supplied.

Irrecoverable VAT

All resources expended are classified under activity headings that aggregate all costs related to the category. Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Intangible fixed asset

Intangible fixed assets includes websites and databases. Websites have been capitalised where they are capable of directly generating income. Websites and databases are amortised, using the straight line basis, over their estimated useful lives of three and five years respectively.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Player training equipment - 20% on cost Motor vehicles - 25% on reducing balance Medical Equipment - 20% on cost Computer Equipment - 33% on cost Individual fixed assets costing £500 or more are capitalised at cost.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Page 21

ROYAL NAVY RUGBY UNION

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. ACCOUNTING POLICIES - continued

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity.

Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. FINANCIAL ACTIVITIES OF THE CHARITY

The financial activities shown in the consolidated statement includes those of the Royal Navy Rugby Union and its wholly owed trading subsidiary Navy Rugby Limited.

A summary of the financial activities undertaken by the Royal Navy Rugby Union, is set out below:

Total income
Expenditure
Raising funds
Charitable - Royal Navy Rugby
Charitable - Community Rugby
Net income
Total funds brought forward
Total funds carried forward		 Year ended
Year ended
30.9.24
30.9.23
£
£
499,071
641,750
(22,00�)
(20,817)
(244,���)
(248,627)
(9�����)
(88,087)
140,567
284,219
832,008
547,789
972,575
832,008

Page 22

ROYAL NAVY RUGBY UNION

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - CONTINUTED FOR THE YEAR ENDED 30 SEPTEMBER 2024

3. DONATIONS AND LEGACIES

RFU Constituent Body income
RN Sports Lottery - salary contributions
Donated goods and services		 Year ended
30.9.24
£
14,086
34,704
9,000
57,790		 Year ended
30.9.23
£
12,806
85,469
26,289
124,564

Donated goods and services represent kit given to the charity by the kit supplier. The costs of which is included in team costs.

4. OTHER TRADING ACTIVITIES

Army v Navy match income
Navy v RAF match income
Kit sales commission
Sponsorship
International ticket sales
Patrons scheme income
Bank interest
INVESTMENT INCOME		 Year ended
30.9.24
£
845,403
7,835
22,000
178,000
18,386
18,670
1,090,294
Year ended
30.9.24
£
10,074		 Year ended
30.9.23
£
975,940
10,751
15,536
156,000
62,288
18,521
1,239,036
Year ended
30.9.23
£
1,206

5. INVESTMENT INCOME

Page 23

ROYAL NAVY RUGBY UNION

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - CONTINUTED FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. INCOME FROM CHARITABLE ACTIVITIES

Year ended
30.9.24
Royal Navy
Rugby
£
Grants
18,402
RFU - RDO contribution
-
RFU - Targeted delivery
4,148
22,550
The Nuffield Trust for the Forces of the Crown
RNRMC
RN RM Sports Lottery
7.
Army v Navy match expenditure
Navy v RAF match expenditure
Marketing and hospitality
Patrons scheme costs
International ticket costs
Website and other trading costs
Support costs (see note 10)
Other trading activities
Grants received, included in the above, are as follows:
RAISING FUNDS		 Year ended
30.9.24
Community
Rugby
£
685
7,000
-		 Year ended
30.9.24
Total
activities
£
19,087
7,000
4,148
30,235		 Year ended
30.9.23
Total
activities
£
4,592
7,000
8,796
7,685 20,388
Year ended
30.9.24
£
3,402
10,000
5,685		 Year ended
30.9.23
£
-
-
4,592
19,087 4,592
Year ended
30.9.24
£
550,885
9,053
51,855
5,160
31,719
45,810
16,843		 Year ended
30.9.23
£
595,593
15,142
17,013
4,965
80,874
13,467
18,042
711,325 745,096

Page 24

ROYAL NAVY RUGBY UNION

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - CONTINUTED FOR THE YEAR ENDED 30 SEPTEMBER 2024

8. CHARITABLE ACTIVITIES COSTS

Direct costs
(see note 9)
(see note 10)
£
£
Royal Navy Rugby
143,534
101,058
Community Rugby
41,379
50,530
184,913
151,588
DIRECT COSTS OF CHARITABLE ACTIVITIES
Year ended
30.9.24
£
2,740
88,255
7,577
19,659
2,906
5,351
2,918
16,868
Staff costs (see note 13)
����������� team costs
Mariners team costs
Women's team costs
Under 23 team costs
Sevens team costs
Refereeing costs
Marine Nationale
Community Rugby expenditure
38,639
184,913
Support
costs		 Totals
£
244,592
91,909
336,50�
Year ended
30.9.23
£
9,472
110,318
5,069
6,774
5,908
5,374
5,705
13,815
31,059
193,494

9. DIRECT COSTS OF CHARITABLE ACTIVITIES

10. SUPPORT COSTS

Management
£
Other trading activities
16,305
Royal Navy Rugby
97,827
Community Rugby
48,914
163,046		 Governance
costs
£
538
3,231
1,616
5,385		 Totals
£
16,843
101,058
50,530
168,431

Activity Basis of allocation Management Staff hours Governance costs Staff hours

Support costs, included in the above, are as follows:

Page 25

ROYAL NAVY RUGBY UNION

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- CONTINUTED FOR THE YEAR ENDED 30 SEPTEMBER 2024

10. SUPPORT COSTS- CONTINUED

Management

Wages (see note 13)
Pensions (see note 13)
Motor and travel expenses
General insurance
Telephone
Executive expenses
Director of Rugby expenses
Bank charges
Communications
Depreciation
Auditors remuneration
Other governance costs
Governance costs
Postage, stationery and other
costs
Social security (see note 13)		 Other
trading
activities
£
12,596
736
802
-
145
-
167
127
477
274
890
91
16,305
Other
trading
activities
£
528
10
538		 Royal
Navy
Rugby
£
75,572
4,417
4,811
-
868
-
1,005
760
2,866
1,645
5,341
542
97,827
Royal
Navy
Rugby
£
3,168
63
3,231		 Community
Rugby
£
37,786
2,208
2,406
-
434
-
503
380
1,433
823
2,670
271
48,914
Community
Rugby
£
1,584
32
1,616		 Total
activities
£
125,954
7,361
8,019
-
1,447
-
1,675
1,267
4,776
2,742
8,901
904
163,046
Total
activities
£
5,280
105
5,385
Year
ended
30.9.24
Year
ended
30.9.24		 Total
activities
£
123,843
7,138
8,669
12,881
1,190
552
3,600
1,939
4,442
2,025
7,083
1,057
Year
ended
30.9.23
174,419
Total
activities
£
5,840
167
Year
ended
30.9.23
6,007

Page 26

ROYAL NAVY RUGBY UNION

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- CONTINUTED

FOR THE YEAR ENDED 30 SEPTEMBER 2024

11. NET INCOME/(EXPENDITURE)

Auditors remuneration - RNRU
Amortisation intangible assets
Depreciation - owned assets		 5,280
1,181
3,481
Year
ended
30.9.24		 5,840
1,057
3,482
Year
ended
30.9.23

12. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 September 2024 nor for the period ended 30 September 2023.

Trustees' expenses

During the year no trustees were reimbursed expenses by the charity for travel, subsistence and training totalling £nil (30.9.23: one trustee £167).

13. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 £
128,454
7,601
8,019
144,074
Year
ended
30.9.24		 £
131,925
7,962
9,235
Year
ended
30.9.23
149,122

The average monthly number of employees during the year was as follows:

Charitable staff
Support staff		 2
2
4
Year
ended
30.9.24		 2
2
Year
ended
30.9.23
4

No employees received emoluments in excess of £60,000.

Page 27

ROYAL NAVY RUGBY UNION

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- CONTINUTED

FOR THE YEAR ENDED 30 SEPTEMBER 2024

14. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

14. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies 124,564
Charitable activities
Royal Navy Rugby 8,796
Community Rugby 11,592
Other trading activities 1,239,036
Investment income 1,206
Total 1,385,194
EXPENDITURE ON
Raising funds 745,096
Charitable activities
Royal Navy Rugby 261,218
Community Rugby 94,660
Total 1,100,974
NET INCOME/(EXPENDITURE) 284,220
Total funds brought forward 547,789
TOTAL FUNDS CARRIED FORWARD 832,009
15. INTANGIBLE FIXED ASSETS - GROUP AND CHARITY
Website
and database
£
COST
At 1 October 2023 27,080
Additions -
At 30 September 2024 27,080
AMORTISATION
At 1 October 2023 23,599
Charge for year 3,481
At 30 September 2024 27,080
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 3,481

Page 28

ROYAL NAVY RUGBY UNION

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- CONTINUTED FOR THE YEAR ENDED 30 SEPTEMBER 2024

16. TANGIBLE FIXED ASSETS - GROUP

Computer
equipment
£
COST
At 1 October 2023
-
Additions
832
Disposals
-
At 30 September 2024
832
DEPRECIATION
At 1 October 2023
-
Charge for year
277
Eliminated on disposal
-
At 30 September 2024
277
NET BOOK VALUE
At 30 September 2024
555
At 30 September 2023
-
TANGIBLE FIXED ASSETS - CHARITY
COST
At 1 October 2023
Additions
Disposals
At 30 September 2024
DEPRECIATION
At 1 October 2023
Charge for year
Eliminated on disposal
At 30 September 2024
NET BOOK VALUE
At 30 September 2024
At 30 September 2023		 Player
training
equipment
£
14,974
-
-
14,974
14,974
-
-
14,974
-
-
Player
training
equipment
£
14,974
-
-
14,974
14,974
-
-
14,974
-
-		 Motor
vehicles
and cycles
£
14,895
-
-
14,895
13,046
462
-
13,508
1,387
1,849
Motor
vehicles
and cycles
£
14,895
-
-
14,895
13,046
462
-
13,508
1,387
1,849		 Medical
equipment
£
3,584
-
-
3,584
3,142
442
-
3,584
-
442
Medical
equipment
£
3,584
-
-
3,584
3,142
442
-
3,584
-
442		 Totals
£
33,453
832
-
34,285
31,162
1,181
-
32,343
1,942
2,291
Totals
£
33,453
-
-
33,453
31,162
904
-
32,066
1,387
2,291

Page 29

ROYAL NAVY RUGBY UNION

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- CONTINUTED FOR THE YEAR ENDED 30 SEPTEMBER 2024

17. FIXED ASSET INVESTMENTS - CHARITY ONLY

Share in Group undertakings

MARKET VALUE
At 1 October 2023 and 30 September 2024
NET BOOK VALUE
At 30 September 2024
At 30 September 2023		 £
100,000
100,000
-

This represents 100,000 £1 shares in the charity's wholly owned subsidiary, Navy Rugby Limited (Company number: 10259113).

18. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group
Group
30.9.24
30.9.23
£
£
Trade debtors
7,616
7,646
Other debtors
77,527
27,048
85,143
34,694
19.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR		 Charity
30.9.24
£
727
391,522
392,249		 Charity
30.9.23
£
7,000
483,826
490,826
Trade creditors
PAYE and national insurance
Other creditors
Funds held as custodian
Deferred income (see below)		 Group
30.9.24
£
4,707
7,792
12,735
189,940
52,041
267,215		 Group
30.9.23
£
-
7,500
11,012
39,957
21,086
79,555		 Charity
30.9.24
£
285
7,792
9,075
38,690
22,495
78,337		 Charity
30.9.23
£
-
7,500
5,736
39,957
21,086
74,279

Funds held as custodian for HMS Temeraire Sports Development Fund of £38,690 and for Army V Navy Matchday Committee of £151,250. These are represented by cash at bank.

Page 30

ROYAL NAVY RUGBY UNION

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- CONTINUTED FOR THE YEAR ENDED 30 SEPTEMBER 2024

19. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR- Continued Deferred income

Deferred income relates to sale of international tickets and grants relating to a future financial period.

Group
Group
30.9.24
30.9.23
£
£
21,086
76,619
Amount released to incoming resources
(21,086)
(76,619)
Amount deferred in the period
52,041
21,086
Balance carried forward
52,041
21,086
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Group
Group
30.9.24
30.9.23
£
£
35,000
40,000
Balance brought forward
Other loans		 Charity
30.9.24
£
21,086
(21,086)
22,495
22,495
Charity
30.9.24
£
35,000		 Charity
30.9.23
£
12,806
(12,806)
21,086
21,086
Charity
30.9.23
£
40,000

20. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Other loans above is in respect of a loan from RN Sports Lottery which will only become repayable when the charity has sufficient cashflow to do so.

21. MOVEMENT IN FUNDS CHARITY ONLY

At 1.10.23
£
Unrestricted funds
General fund
631,008
CNRC and Tours fund
50,000
Reserves build up
151,000
832,008
TOTAL FUNDS
832,008
Unrestricted funds
General fund
TOTAL FUNDS
Page 31
Net movement in funds, included in the above are as follows:		 Net
movement
in funds
£
140,567
-
-
140,567
140,567
Incoming
resources
£
499,071
499,071
499,071		 Transfer
between
funds
£
(186,280)
27,241
159,039
-
-
Resources
expended
£
(358,504)
(358,504)
(358,504)		 At 30.9.24
£
585,295
77,241
310,039
972,575
972,575
Movement
in funds
£
140,567
140,567
140,567

ROYAL NAVY RUGBY UNION

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS- CONTINUTED FOR THE YEAR ENDED 30 SEPTEMBER 2024

22. RELATED PARTY DISCLOSURES

There were no related party transactions for the period ended 30 September 2024 (30.09.23: None).

23. ULTIMATE CONTROLLING PARTY

The charity is controlled by its board of trustees acting in concert.

24. SHARE CAPITAL AND LIABILITY OF MEMBERS

The charitable company is a company limited by guarantee and its members have undertaken to contribute to the assets of the company in the event of it being wound up such amounts as may be required not exceeding £1.

Page 32