Docu81gn Env&lope ID.. 934647FC-59764789-BF80-972819F522A2 Charity Registration Number: 1165303 Gloucester Rugby Foundation Report and unaudited financial statements For the year ending 30 June 2024
Docu81gn Envelope ID.. 934647FC-59764789-BF80-972819F522A2 Gloucester Rugby Foundation Legal and administrative information Nicholas Broady- Chair stephen Bailgy Alexander Brown Heyma Rita Holmes Zak Milchelmore lan Edward William Renouf-watkins Judith St Quinton C8r8y Weeks Trustees.. Charity Number.. 1165303 Charitable Incorporated Organisation Number: CE005261 Offl¢e'. Kingsholm Stadium Kingsholrn Road Gloucester GL1 3AX Accountants: Hazlewoods LLP Chartered Accountants Staverton Court Staverton Cheltenham GL51 OUX Bankèrs: HSBC Bank plc The Cross Gloucester GL1 2AP
Docu81gn Envelope ID.. 934647FC-59764789-BF80-972819F522A2 Gloucester Rugby Foundation Contents Page Trustees Reports Independent Examiners Report Statement of Financial Acb'vities Balanee Sheet 10 Notes to Financial Statements 11-20
Docu81gn Env&lope ID.. 934647FC-59764789-BF80-972819F522A2 Gloucester Rugby Foundation Trustees Report for the year ended 30 June 2024 The trustees present tt)eir report together with the financial statements for the year to 30 June 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charits'es preparing theiraccounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. Structure, govemance and management Gloucester Rugby Foundation is 8 Charitable Incorpoiated organis8ts.on ICIOI, incc>rporated on 25 January 2016. The company was estsblished under a Memorandurn of Assooiation and is governed under its Artides of Assooiation, oopies of which are available for inspection at the company 5 office or may be obtained by Wing to the secretary. The trustees who served during the year and up to the date of this report a set out on page 5. The goal of Gloucester Rugby Foundation is to Engage, Educate and Inspire the local eommunity to bring about positive soeial impact and new opportunities for all through sport. The mission of Gloucester Rugby Foundation is to use the power and inspiration of rugby, along with the values of Gloucester Rugby, to rn8ke a difference by.. delivering innovative programmes for people of all ages", developing partnerships thal bring about success based on the needs of local people- providing n8W OPPOrtunib"es through sport for d15advantaged groups,. and championing equality and diversity within rugby. The Gloucester Rugby Foundation seeks to make ils Br)ard of Trustees as diverse as possible in tenns of geographical knowledge. background. experience and capabilities. In this way. the requirements of the Gloucester Rugby Foundation and the community are best served. Suitable candidates are considered by the existing bo8rd of trustees. The board of trustees has the power tc) appoint new trustees after due consideration by the board. Potential Trustees are reeommended to the board by existing Trustees and Patrons. New trustees have nomally shown particular interest in Gloueester Rugby Foundation and therefore have a clear concept of what the Charity is, what it aims to do and broadly how it goes about doing New trustees spend time with the staff and Chairrnan to gain an in-depth knowledge of the governance and administration of the Foundations activities. The Foundation provides a dedicated 'Trustee pack, for new Trustees to provide a structured and more fomial approach lo induction. Organisational structure The govemance of the Gloucester Rugby Foundation rests with the board of trustees. This board has a membership with a defined maximum number of 12. The trustees rneet as necessary. Meeting5 include input from the Foundation CEO who has no voting rights and any others who can m8ke a contribution. The Foundation CEO is responsible lor managing the operation ol the Gloucester Rugby Foundation on behalf of the Trustees and reports dirèctly to the Chaimian of that Board. Al other staff report to the Foundation CEO. The Foundation CEO is responsible for the day-to4ay line management of the Senior Leadership Team, which is made up of a Head of Charitable Delivery, Head of Participation and Head of Fundraising and Events. The Senior Leadership Team are responsible for the day-to4ay organisation of the projects. programmes. initiatives. and current applications to various funds. The Foundation Team handle all matiers relating to liaison with many communities in the immediate and extended counties making them aware of the aims and objectives ol The Gloucester Rugby Foundation.
Docu81gn Env&lope ID.. 934647FC-59764789-BF80-972819F522A2 Gloucester Rugby Foundation Trustees Report {continued) for the year ended 30 June 2024 Trustees The following TrLJSte8s who h8v8 held office during the y8ar ar8.. Nicholas Broady- Chair- Appointed 15 Septerllber 2023 Alexand8r Brown- Appoint8d 23 Nov8rnb8r 2023 Heyma Rita Holm85 Matthew Mulcahy- Resigned 23 November 2023 lan Edward William Renouf-watkins Richard Weller- Resigned 14 August 2023 The following trustees were appointed following the year end.. Stephen Bailey- Appointed 14 August 2024 Zak mitche1m0- Appointed 14 August 2024 Judith Sl Quinton- Appointed 14 August 2024 Carey Weeks- Appointed 14 August 2024 None of the Trustees have any benefici81 interest in the cotnpany. Risk assessment The trustees have assessed th8 major risks to which the Charity is expos8d, and are satisf18d that systems are in place to rnitigate exposure to the tnajoi risks. The tiustees conduct, on an annual basis, their own review of the rnajor risk5 to which the Charity is exposed and put into place Systerns to mitigate thos8 risks id8ntifi8d. Extemal risks to funding have led to the development of a strategic plan which will allow for diversification of funding and co-operation with other charities, voluntary bodies and statutory authorities so long as the income and property ol the Charity shall be applied solely towards the promotion of the objects. Internal risks are minimised by the implementation of prOdureS for aulhorisalion of all transactions and projects io ensure consistent quality of delivery for all operational aspects of the charitable company. These procedures are periodically reviewed to ensure that they meet the needs of the Charity. Objedives and activitie$ Gloucester Rugby Foundation are committed to supporting the communities of Gloucestershire, to elevate individuals within our community and to use the unique and wonderful power that our sport and our club has to positively change lives. Our 'Changing Lives Through Rugby, strategy lays out the steps that we need to take and the approach that we will follow to deliver unmissable, quality experiences at Kingsholm Stadium and within our community. The aims of our Foundation are.. Participation.. Deliver fun and 8njoyabl8 first rLJgby 8XPeri8nc8S to our commLJnity and 8nsur8 that our sport, and 8CC8SS to KingsholTn Stadium, is equitable. Edueation= Provide safe and enjoyable programmes that provide a pathway of opportunities to engage with employment, edutration and training. Wellbeing.. Provide people with the opportunitie5. through Rugby, to live active and healthy lives. 4Ed." Provide financial and psyehologieal support to families living with the effects of Motor Neurone Disease IMNDI. Our commitment to our community is through long-lem projects that contain a focused purpose and oulcorne. Our community benefit 9atlY frorn the activities. and once the outcome has been achieved. the engagement vehicle of rugby allows us to further our aims of developing our brand and reputation while our Partners and Sponsors benefit from their investment.
Docu81gn Env&lope ID.. 934647FC-59764789-BF80-972819F522A2 Gloucester Rugby Foundation Trustees Report (continued) for the year ended 30 June 2024 A¢hievement$ and perforniance Gloueester Rugby Foundation is the official Charity of Premiership Rugby side, Gloueester Rugby. Established in 2016, the Foundation has grown to beeome one of the leading charitable organisations in Gloucestershire, using sport as a vehicle to achieve positive social change. etween July 1, 2023, and June 30, 2024, the Gloucester Rugby Foundation demonstrated significant achievements and impactful initiatives, particularly with a focus on increasing its donations and diverse revenue streams. With the launch ol its 4Ed campaign, supporting individuals affected by Motor Neurone Disease IMNDI, the Foundation SUC$S1u11Y raised c. £155k in donations, an increase of 35.10. Leadership within the Foundation was sirengthened with the appointment ol Nick Broady as chair ol the Foundation in November 2023. A longstanding supporter of Gloucester Rugby, Broadys involvement is ants'cipated to further the Foundation's mission and cornrnunily irnpact. Alongside the introduction of a new Senior Leadership Team and a reS1ruUre to ensure that we had the right skills in the right position. the Foundation has seen a significant year of growlh in revenue. expenditure and impact. R•sèrv•s poliey It is the objective of the charity to increase unrestricted funds to the level required to provide sufficient funds to cover administration costs for a pericyj of three months. Financial review The Charity's total income for the year was £635.268 12023 £291.7471, cornprising donations of £154.998 12023 - £28,968). charitable activities of £317.29012023- £234.1581 and other trading activities of £162.98012023 £28.6211. The Charity has accumulated a surplus of £42,292 during th8 y8ar12023- d8ficit of £10,896). Plans for th• futurè Between July 1, 2024, and June 30, 2025, the Gloutsster Rugby Foundation aims to significantly expand its community impact by growing its existing programs and introducing new, scalable initiatives lor schools. Building on previous successes, the Foundation is developing structured school engagement programs that can be delivered across a wider geographic area, ensuring more young people have access Its rugby and its associaled benefits. These initiatives will be designed to be adaptable, allowing for wider implementation and long-tem) sustainability. To support this expansion. the Foundation is focused on increasing its delivery capacity by investing in staff development and recruiting additional coaches and facilitators. This will enable the organisation to run rnore sessions, reach a larger nurnber of participants, and provide consistent, high-quality experiences across all ils programs. A key priority for the coming year is securing a dedicated venue to lease. which will provide a stable base for operations and long- term growth. By identifying and investing in the right facility. the Foundation aims to cre8te a hub for community engagement. training, and program delivery, 8nsuring the sustainability and continued success of its initiatives. Golng concern The trustees consider that the Charity has suffiaent foreeast ineome and available reSoUrS to cover the ongoing activities of the Charity for the foreseeable future
Docu81gn Env&lope ID.. 934647FC-59764789-BF80-972819F522A2 Gloucester Rugby Foundation Trustees Report {continued) for the year ended 30 June 2024 Acknowledgements It is not practical to fully acknowledge all the support reTrived by the Foundation, bul the Foundation could not carry out its activities without the enormous unstinting effort from the professional players at Gloucester Rugby and GIOuSter-Hartpury Rugby who continue to give voluntary input into the success of the Gloucester Rugby Foundation. 301412025 Approved by the board of Trustees on and signed on its behalf by MCL EvM4 N Broady
Docu81gn Env&lope ID.. 934647FC-59764789-BF80-972819F522A2 Gloucester Rugby Foundation Independent examiners report to the trustees of Gloucester Rugby Foundation I report on the accounts of th8 Gloucest8r Rugby Foundation for th8 year 8nded 30 June 2024 which cornpris8 th8 Stat8rn8nt of rinancial activities, the balance Sheet and the related notes, Respective responsibilities of trustees and examiner As the charity's trustees you are responsible fc>r the pparation of the acc(>unts in accordance with the requirements of the Charities Act 2011 1.the Act'l. I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examiners statement The charity's gross income exceeded £250,000 and l am qualified to undertake the examination by being a qualified member of Association of Chartered Certified Accountants. I have cornpleled my examinabon. I confirm that no material rnatters have Come to my attention in connection with the examination giving me cause to believe that in. any material respeot.. the accounting records weie not kept in accordance with section 130 of the Charities Act,. or the accounts did not accord with the accounting records., or the accounts did not comply with the applicable requirements conceming Ihe 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 15 not a rnatter considered as part of an independent examination. I have no concems and have corn8 across no oth8r rnatters In connection with th8 8xaminab.on to which att8ntion should be drawn in this report in order to enable a proper understanding ol the accounts to be reached. R Hancoek On behalf of Hazlewoods LLP, Charteied Accountants Staverton Court Staverton Cheltenham GL51 OUX 30/4/202 5 Date:
Docu81gn Env&lope ID.. 934647FC-59764789-BF80-972819F522A2 Gloucester Rugby Foundation Statement of Financial Activities including income and expenditure account for the year ended 30 June 2024 2024 2024 2024 2023 Unrestrlcted Restrlcted Total Total Income from.. Notes Charitable activiti8S 27,550 289,740 317,290 234,158 Donations and legacies Other trading activities 32,002 122,996 154,998 28,968 129,809 33,171 162,980 28,621 Total Income 189,361 445,907 63S,268 291,747 ènditure on Charltable ActSvltles 207,711 385,265 592,976 302,643 Net movement in funds 118,3501 60.642 42,292 110.8961 Fund b8lanogs 8t 1 July 2023 Fund balances at 30 June 2024 22,246 41,156 63,402 74,298 3,896 101,798 105,694 63.402 Incorne is derived wholly from continuing adivities. The Charity has no recognised gains or losses other than those stated in the Statement of financial activities above.
Docu81gn Envelope ID.. 934647FC-59764789-BF80-972819F522A2 Gloucester Rugby Foundation Balance Sheet as at 30 June 2024 Notos 2024 2023 Nonacurrent assets Tangible fixed assets Intangible fixed assets 1.323 10,146 Current asset5 Cash at bank and in hand 106,117 80,579 186,696 47,184 30,940 78,124 Debtors Creditors: Amounts falling due within one year 192.4711 114,7221 Net assets 10S,694 63,402 Represented by Restricted Funds 12 101,798 3.896 41,156 22,246 63.402 Unrestricted Funds 105.694 3014/202 5 The financi81 statements were approved by the bo8rd of tNstees on and were signed on its behalf by N Broady Company Registration number CEOO5261 10
Docu81gn Env&lope ID.. 934647FC-59764789-BF80-972819F522A2 Gloucester Rugby Foundation Notes forming part of the financial statements for year ended 30 June 2024 Aeeounting Polieiès Charity information The Gloucester Rugby Foundation is a charitable incorporated organisation whose principal office is Kingsholm Stadium, Kingsholtn Road, GIouc8St8r, GL1 3AX. Accounting Convention The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to Charities preparing their awounts in accordarn with the Financial Reporting Standard applicable in the UK IFRS 1021 and the Charities Act 2011. The financial statements have been prepared urider the historical cost convention. The financial statements are prepared in sterling, which is the fundional Currency of the Charity. Monetsry amounts in these financial statements are rounded to the nearest £. The financial ststements are prep8red on the going wncern basis. Fund accountlng Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the company. Restricted funds are subject lo restrictions on their expenditure imposed by the donoir or through the lerrns of an appeal. Volunteers and donated seNi¢es and facilities The value of services provided by volunteers is not incorporated into these financial statements. Vvhere services and facilities that would norm8lly be purchased from a supplier are provided to the charity as 8 donation this contribution is included in the financial statements at an eslimate based on the value ol those services and facilities to the eharity. In¢orne All income is included in the statement ol financial activities when the charity is entitled to the income and the amount can be quantified with re8son8ble accuracy. The following specific policies are applied to particular categories of income.. investment income is included when receivable- incorning r850urc85 from charitable activity are accounted for when earned,. and incoming resour$ from grants, where related to performance and specific deliverdbles, are accounted for as the charity earns the right to consideration by its performance.
Docu81gn Env&lope ID.. 934647FC-59764789-BF80-972819F522A2 Gloucester Rugby Foundation Notes forming part of the financial statement for year ended 30 June 2024 (Continued) Accounting Policies Icontinuedl Exp•ndltu Exp8nditur8 is recognis8d on an accrual basis a5 a liability is incurred. Expenditur8 includ8s any VAT and is report8d as part of the expendituie to whieh it ielates". Charitable 8xpenditure cornprises those costs incurred by the charty in the d8livery of its activity and s8rvic8s for its beneficiaries. It includes both cosis that can be allocated directly to such activities and those costs of an indirect nature necessary lo support them. Costs of generating voluntary Income represent those costs which ar8 incurred by the charity in th8 murs8 of activities, which are designed to generate additional income that can be used lor charitable purposes. I costs are allocated between expenditU18 categories of the staternent of financial activit185 on a basis designed to reflect the use of the resource. Costs relating to a particularactivity are allocated direcdy., others are apports.oned on an appropriate basis. Tangible fixed a$set$ Tangible fixed assets 8re initi8lly rngasured 8t Cost and subsequently rn88sured at Cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Fixtures and fittings.. 20°/o Straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the staternent of financial activities. Intangible fixed assets Intangible fixed assets are initially measured at C05t and subsequently measured at cost less accumulated amOrSation and accumulated impairment losses. Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases". Website development". 20¢A straight line Dabtors Trade and other debtors are recognised at the setuement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any discounts due. Cradltors Creditors and provisions are recognised where the charity has a present obligation resulting from a past evenl that will prcibab r8suIt in the transfer of funds to a third party and th8 amount due to settle th8 obligation can b8 rneasur8d or 8stirnat8d r81iably. Creditors and provisions are normally recOgn8d at their settl8rnent amount 8ft8r allowing for any discounts dLJe. 12
Docu81gn Env&lope ID.. 934647FC-59764789-BF80-972819F522A2 Gloucester Rugby Foundation Notes forming part of the financial statement for year ended 30 June 2024 (Continued) Cash and cash equivalents Cash at bank and cash in hand indudes 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. Taxatlon The company is not liable to taxation upon its income by reason of exemption under sections 466 to 493 of the Corporation Tax Act 2013. Incom•.. Charitablè activitias 2024 Unrestricted 2024 Restricted 2024 Total 2023 Total Contract income 21,550 75,725 97,275 79,303 Grant income 6,000 214,015 220,015 145,385 Other 9.470 27,550 289,740 317,290 234,158 2023 92,020 142,138 234,158 Income.. Donations and legacies 2024 Unrèstrieièd 2024 R•strieted 2024 Total 2023 Total Donations 32,002 122,996 154.998 28,968 2023 28,968 28,968 13
Docu81gn Envelope ID.. 934647FC-59764789-BF80-972819F522A2 Gloucester Rugby Foundation Notes forming part of the financial statement for year ended 30 June 2024 (Continued) Income.. Other trading activitie5 2024 Unrestrlcted 2024 Restrlcted 2024 Total 2023 Total Fundraising Events 96,464 33.171 129,63S GCC Trust 15,731 Rugby camps 27,235 27,235 School contracts 3,198 3,198 Walking rugby 1,559 1,559 3,055 Wheelchair rugby 338 Other 1,353 1,353 9,497 129,809 33,171 162,980 28,621 2023 28,283 338 28.621 Expandltur8: Charltabl8 actlvltlès 2024 Unr8strictad 2024 Rastrlctad 2024 Total 2023 Total Staff costs (See note 61 other wsts 83.560 124,151 217,898 167,367 301,458 291.518 139.027 163.616 207.711 385,265 592.976 302,643 2023 198.761 103,882 302,643 14
Docu81gn Envelope ID.. 934647FC-59764789-BF80-972819F522A2 Gloucester Rugby Foundation Notes forming part of the financial statement for year ended 30 June 2024 (Continued) Other costs comprise: 2024 Unrestrlcted 2024 Restrlcted 2024 Total 2023 Total Administration costs 1,368 1,330 2,698 117,040 Bank charges 526 526 469 Depreciation and amortisation 971 971 Facilities hir8 6,550 3,694 10,244 16,656 Fundraising, marketing and events 10,321 146,771 1S7,092 HR and marketing support 28,713 28,713 IT Costs 14.616 2,337 16,953 Kingsholm rent and rates 15,220 816 16,036 Professional fees 33.478 33,478 18.000 Sundrv 6.151 6.522 12.673 Transport 6.237 5,897 12,134 11.451 124,151 167.367 291,518 166,616 2023 130,518 33,098 163,616 Employe95 2024 Total 2023 Total staff costs consist of.. Wages and salaries 272,714 125,771 Social security costs 23,162 10,682 Other pension costs 5,582 2574 301,458 139,027 No employees were remunerated directly through the charity. The above wages and salaries have been recharged to the charity by GIouc8St8r Rugby Limited. 15
Docu81gn Env&lope ID.. 934647FC-59764789-BF80-972819F522A2 Gloucester Rugby Foundation Notes forming part of the financial statement for year ended 30 June 2024 (Continued) The average number of employees dur5ng the year wa$.. 2024 Total 2023 Totsl Key management personnel Deliv8ry Staff 12 16 The number of employees whose emoluments amounted to over £60,000 for the period and to whom retirement benefits a accruing under a defined benefit scheme was.. 2024 Total 2023 Total £60,000- £70,000 Trustèès. rèmunèration None of the trustees ieeeived remuneration this period12023- £Nill. 16
Docu81gn Envelope ID.. 934647FC-59764789-BF80-972819F522A2 Gloucester Rugby Foundation Notes forming part of the financial statement for year ended 30 June 2024 (Continued) 8 Tanglbla flxad assats Fixtures and fittings 2024 Total Cost At 1 July 2023 Additions in ye8r 1,642 1,642 At 30 Jun8 2024 1,642 1,642 DepreclatSon At 1 July 2023 Charge for the year 319 319 At 30 June 2024 319 319 Net book valu At 30 June 2024 1,323 1,323 At 30 Jun8 2023 Intanglble flxed assets Website development 2024 Total Cost At 1 July 2023 Additions in year 10,799 10,799 At 30 June 2024 10,799 10,799 Amortisation At 1 July 2023 Charge for the year 653 653 At 30 June 2024 653 653 Net book valu At 30 June 2024 10,146 10,146 At 30 June 2023 17
Docu81gn Envelope ID.. 934647FC-59764789-BF80-972819F522A2 Gloucester Rugby Foundation Notes forming part of the financial statement for year ended 30 June 2024 (Continued) 10 Dobtors 2024 Total 2023 Total Trade debtors 17,898 30.940 Pr8Payrn8nt5 and accru8d incotne 62,681 80.579 30.940 11 Credltors: Amounts falllng due wlthln one year 2024 Total 2023 Total Trade creditors 17,414 439 Accruals 6.724 4,3eo Amounts due to Gloucester Rugby Limited 29,971 9,903 Deferred income 38,362 92.471 14.722 18
Docu81gn Env&lope ID.. 934647FC-59764789-BF80-972819F522A2 Gloucester Rugby Foundation Noles forming part of the financial statement for year ended 30 June 2024 {Continued) 12 Movement of funds At 1 July 2023 Incoming Resources Outgoing Resources Reallocation of Funds At30June 2024 R8Striet8d Funds 4Ed 156,167 127,473 28,694 Empowered together amied forc85 trust Engage project 10.190 47,978 22.804 3S,364 28,517 29,550 44,925 13,142 Family hub armed forces 14,141 7,170 ,971 Heritage project (National Lottery) Lottery Million hours fund 114,0681 33,240 28,486 9.3141 9,400 9,400 Proj9Ct Rugby 12,1441 75,725 70,891 2,690 Th8 Henry Smith Charity fund 14,9 44.700 33,178 26,422 Veterans, foundation 3,761 10,000 16,073 12.3121 Winter warmer cost of living 25.006 24.865 141 41.156 445,907 385,265 101,798 Unrestri¢ted Funds General funds 22,246 92,897 206,713 191,5701 Designated funds 96,464 998 95,4676 22,246 189.361 207,711 3,896 63,402 635,268 592,976 105,694 Purpose of restricted funds Th8 GIouc85t8r Rugby Foundation manag85 sev8ral r8Stiicted funds dedicat8d to SP8cific cornrnunity projects.. 4Ed.' Supporting families living with motor neurone disease through the provision ol financial assistan, in the fom) ol grants, provided to support the cost implications of the disease. Etnpowered Tc)geth8r Armed Forces Trust. Supports initiatives aimed 8t improving rnental health. physical well-b8irvJ. and social reintegration lor veterans and active service members. Engage Project.. Focuses on using rugby as a tool to engage young people at risk of social exclusion, providing structured 8divities to enh8nce ¢onfid8nc8 and lrfe skills. Family Hub Armed Forc85.' Provid8s dedicat8d family support 58rMces for military famili85, fost8ring comrnunty connections and well-being. Heritage Project INational Lottery).. Aims to preserve and promote the history of Gloucester Rugby. educating the cornrnunity about th8 club's legacy and cultural significance. 19
Docu81gn Env&lope ID.. 934647FC-59764789-BF80-972819F522A2 Glou¢ester Rugby Foundation Notes forming part of the financial statement for year ended 30 June 2024 {Continued) Lottery Million Hours Fund.. Supports projects designed to increase youth participation in sport and physical activity, encouraging healthy lifestyles. PrC)le Rugby.. Expands opportunities for individu81s frotn underrepresented groups to participate in rugby. breaking down barriers to inclusivity. The Henry Smith Charity Fund.. Funds initiatives aimed at reduang social and economic disadvantage through cornrnunity-b8sed rugby engagetnent. V8terans' Foundation.. Provid8S targ8ted support for8X-58rvice p8rsonnel, helping them tiansition to civilian lif8 through sport and mentoring. Winter Warmer Cost of Living.. Assists vulnerable individuals and families in coping with financial challenges during winter by providing essential support and resources. Designated Funds Th8 d8signat8d fund 15 in r8lation to our 4Ed campaign, that provides grants and financial support for those living with motor neurone disease. 13 Analy515 of net assets between funds Unrostrietèd Funds R•strictad Funds Total Fund balances at 30 June 2024 are represented by= Fixed assets 11,469 11,469 Current assets 84,898 101.798 186,696 Creditors.. amounts falling due within one year 192,4711 192,4711 3,896 101,798 105,694 14 Related party transactlons During the year income and expenditure amounting lo £nil12023 £Nill and £49.95212023 - £250.2711 respectively were recharged from Gloucester Rugby Limited, a connected company, to the Gloucester Rugby Foundation. During the year the Gloucester Rugby Foundation paid a total of £303,70612023 £300,500) to Gloucester Rugby Limited in respect ol these transactions. At the year-end Gloucester Rugby Limited was owed £29.97112023-£9,9031 by tt)e Charity. which is disclosed within other creditors falling due in less than one year. 15 Control The Charity was controlled throughout the year by the Trustees collectively. 20