Registered number: 09578656 Charity number: 1169850 OSPREYS IN THE COMMUNITY (A Company Limited by Guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
OSPREYS IN THE COMMUNITY {A Company Limited by Guarantee) CONTENTS Page Reference and Administrative Delails of the Company, its Trustees and Advisers Trustees. Report Independent Examiner's Report Statement of Financial Activities 2-12 13 14 Balance Sheet 15-16 Notes to the Financial Statements 17-33 The following pages do not form part of the statutory financial statements.. Charity Detailed Income and Expenditure Account and Summaries
OSPREYS IN THE COMMUNITY {A Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2025 Trustees K A Napieralla C A Richards RJLock A J Millward M Waygood K V Evans J Wise N Zolle J M Lamie {Resigned 20 Oclober 2025) K Giles {appointed 20 October 20251 L Kilduff (appointed 4 December 2025) Company registered number 09578656 Charity registered number 1169850 Regislered office sw8nsea.com Stadium Landore Swansea SA1 2FA Accountants MHA MHA House Charter Court Phoenix Way Swansea Enlerprise Park Swansea SA7 9FS Page 1
OSPREYS IN THE COMMUNITY (A Company Limited by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2025 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 June 2025. The trustees have adopted the provisions of AGcounling 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). Ospreys in Ihe Community is a not-for-profit foundation that uses the power of sport and the Ospreys brand to empower people across our region to make positive life choices. Ospreys in the Community operates on an independent basis to the professional rugby organisation. At Ospreys in the Community, we passionately believe in the power of sport and its ability to transform lives. Our range of programmes promote wellbeing and inclusivity and help to improve opportunities for our communities. This document outlines our Pillars and programmes and some of the impact it has had on the people we work with. The 1 Oth year of the foundation will see us continue our new strategy, driving the foundation further and reaching more people than before. OBJECTIVES AND ACTIVITIES Objectives and aims The objectives of the charity are to promote community participation and provide education in healthy recreation by providing facilities for the plawng of rugby and other sports in Swansea and the surrounding area. Public benefit The trustees have referred to the guidance contained in the Charity Commission's general guidance on publi benefil and have had regard to it when reviewing the aims and objectives of the charity, and in planning its fulure activities. In particular, Ihe trustees consider how planned activities will contribute to the objecb'ves sel by the charity, specifically the promotion of community participation in healthy recreation by providing facilities for the playing of rugby and other sports capable of improving health as well as advancing the education of children and young people and improving the wellbeing of all individuals. Volunteers Volunteers play a huge part in the work the charity can get through- we recognise the value that volunteering has with any organisation and are proud to play our part in supporting volunteers. Page 2
OSPREYS IN THE COMMUNITY (A Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 ACHIEVEMENT AND PERFORMANCE Who are we7 We are a not-for-profit foundation working in close partnership with Ospreys Rugby. We share a strong relationship and form a key part of the Ospreys, Strategy. We operate independenlly to the professional rugby organisation. What do we do? Our aim is to create a vibrant and sustainable foundation. Harnessing the power of the Ospreys & Sport to make a posilive difference in our communities. We hope to encourage and support people of all ages and abilities to make positive life choices. We work lo improve lives by working with others to creale a range of programmes thal sit within our three core Pillars.. Sport & Physical Activity, Health & Wellbeing, Education & Employability, with inclusivity being the golden thread that connects our programmes. OITC10 Ospreys in the Community celebrated its 10th year, it was not just rnarking time, it was celebrating people. It was the smiles of children taking part in their first rugby session at school, the renewed confidence of young people finding a sense of belonging, and the gratitude of families supported through challenging limes. Over the past decade, OITC has stepped into classrooms to encourage learning, into community halls to tackle social isolation, and onlo local pitches to promote health, teamwork, and resilience. In its tenth year. the programme continued to hange lives in real, tsngible ways, proving that the Ospreys badge represents far more than rugby, it represents care, opportunity, and connection at the heart of the community. Key Headlines Our Programmes 7 Projects Reached 42,000 people through 2024125 season ensuring that we had more contact, and a bigger impact with our beneficiaries. Delivering over 1,730 session or events and 40,000 hours of contact 610/0 Male 37 °/0 Female 2 % otherlNot specified Fundraising Ride 2 Rugby- Sponsored by Philtronics LTD Returning for its 3rd year. it grew from 24 riders to this year's 55. raised over £125k in total. This enabled us to open a new branch of our Sporting Memories projecl, which is an incredible program, helping people wilh Dementia and their families. Next year's ride. is already sold out with 74 riders taking on a 300-mile ride from Bordeaux to San Sebastien, skirting the Pyrenees with over 12,000 ft of clirnbing. Headliner sponsors Philtronics LTD returned as title sponsors for R2R. Fundralslng Activities Over £139,000 raised through fundraising events. Derby Day Ride We've introduced new fundraising activilies, with a new lower-level Ride 2 Rugby. This raised over £3k with 40 ¢y¢lists making the ride from swansea.com to Principality for the Judgement Day fixture. This activity will be retuming for the same derby day fixture 2026. Page 3
OSPREYS IN THE COMMUNITY {A Company Limited by Guarantee} TRUSTEES. REPORT {CONTINUED> FOR THE YEAR ENDED 30 JUNE 2025 Swansea Half Marathon We also partnered with Front Runner events, taking 10 spots in this year's Swansea Half Marathon. We had 10 runners in the half marathon and 15 young people running the 2km family run, representing their clubs in club kit. We raised over £3.5k at this event and are also looking forward to expanding our runner volume in 2026. Community Fundraising events Another re occurring event that launched in 2025 is Ffromage Sprey - An Evening of wine tasting. The first event, with a French theme, attracted around 30 people and raised over £1k. Ongoing Fundraising We've increased the Ospreys Lotto by 50°/o, raising over £3,400. We've now introduced non-cash prizes, which create links with local businesses. Golf Home & Away 22 golfers headed out to sunny Portugal for a fun fill week raising funds alongside Great Days Golf and former Ospreys Shane Williams Raising over £3,000 for good causes Ospreys Golf Day raffle generated £820 for OITC Sponsorships Philtronics LTD headlines as title sponsor for R2R events in 24125 along side l J Griffiths Building Itd Land Rover Defender Sinclair Nutrition X Sinclair Van Centre Swansea NPTC group of colleges OITC 10th Anniversary Dlnner The 10th Anniversary dinner was an opportunity to celebrate and showcase the foundations achievements over the last 10 years and gave us the plalform to look forward to the next 10 years. The evening welcomed 300 guests to the Swansea arena, the evening hosted by Jason Mohammad with special guests featuring Adam Jones, Shane Williams. Phillipa Tuttiett & an after-dinner speech from OIyTnpic gold medallist James Cracknell. Sport & Physical Aclivity Camps {DefenderlSinclair) Days delivered - 37 35 different venues hosted our camps through last season Income- £52,383- Reinvested into primary school provision getting you kids active and engaged in spori. Number of Kids- 1.890 Beach rugby 2300 participants 13 locations 101 rugby leaders from schools in the area 4 Local businesses employees volunteering at the EE, TCH, Taylof Facility Management & South Wales Police. 63 Schools participating Touch Rugby- Iln¢lusive appeal} Our 10 weeks of touch through the summer allows an inclusive offering of a nonwcontact sport that is growing across the region, featuring U18s teams, Women's teams & Mixed teams. Teams (Mixed open}.. 19 Fixtures played.. 200 Community Refs used.. 20 Weekly Participants: 216 Youngest participant: 12 Page 4
OSPREYS IN THE COMMUNITY (A Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Oldest Participant.. 67 Total Over 10 Weeks: 2,160 participant engagements Supported partner.. Sinclair Land Rover Feedback Organisation was efficient and structured well allowing for good consistency across the 10 weeks. Staff were great throughoul and always approachable. Swansea 'Baa Baas. barbarians RFC. Health & Wellbeing Sporting Memories 336 participants registered to the programme with 204 active across the year. Over 6,000 engagements across the year 820 hours of delivery 335 Sessions & 2 large scale events "I constantly feel sad and lonely and cannot be bothered to think of myself, I'm just so tired. But for some strange reason, you forget about all that when you are here" "This place feels like it's more of a one slop shop because other clubs will only provide either mental stimulation or physical stimulation, but here you have it all, quizzes, games, fun and laughter.. 'The Doctor noticed the changes in her since we have been coming here. I told him, this is where she's most like her old self. 'This morning, l just wanted to cry., he was so difficult. But I've come here, I have had my moan with my friends, who get it, and that's me fixed, well. till next time anyway,. "It's a break coming here, for all of us. We know whoever we are bringing is happy here, so we get to enjoy that calm for a while. You can feel the difference in yourself, but you can also see it in others" 'He's so much happier here, and I get so emotional when I see little bits of the old him trying to sneak out, it makes me sad lo think Ihat his new friends here won't gel to see the real him, but I'm glad to have those little snippets that I treasure.. .1 need to escape and just get out of the house., she can be suicidal at home. It is so hard when it's just the 0 of us at home. It's just there all the time, smacking you in the face. Here you can forget about it for a short while and just be yourself and enjow. "By coming here and letting him enjoy and have his WB met. I guess that means mine is too. I can relax a bit more then.. "He gave me a terrible night.... I'm just so tired. But he knew it was Wednesday, so he nagged to come and we came. And do you know what. I'm so glad we did. I forget I need this too.. 'Here your problems become diluted.. 'You feel lighter when you come here, you have that nice warm feeling and it makes yOLr feel lightel'l "This place is a lifeline, you ask questions, you feel supported. Your neighbours don't know what you are going through. The weight lifts when you can just chat with someone who understands. Here, nobody sees you for what's wrong. We are all here for the same thing". Page 5
OSPREYS IN THE COMMUNITY (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Walking Rugby Our walking rugby offering is currently a research driven project supporting weight management and pre- diabetesldiabetes across the region, an area with one of the highest rates of lower limp amputations due lo the disease. Engaged with 10 community clubs across the region. 85 % of participants believed that walking rugby had a positive impact on their mental health, while 70 % believed it had a positive impact on their physical health. 900/0 said they would recommend walking rugby to other people. 'As you get older, it's great to have a sport that you can stick to. 'Really enjoyed taking part in the walking rugby. Came with a set of perceptions which have been disproven significantlyl I'm not suited for touch rugby Ibul 1] feel I can meet with a bunch of like-minded people who l enjoy training with,. 'It's great being part of something again and definitely improved my mental health. I look forward to it every week,. Walktober Walktober is our annual challenge to keep our group members moving and giving Ihem a challenge to increase aclivity and steps across the month. 63 /0 of Sporting Memories took part in Walktober 2024. Recording an incredible 1,342,370 steps through the month! Staying active across the week and connected with our friends across the week. One member continued the 'Walktober' challenge from 2023, Ynystawe CC were updated weekly on numbers of steps walked, the members grand total was over one million steps in a Year. Feedback from a club member 'We loved the challenge of counting our steps, we did it last year and have loved all the chats we have when we come to the sessions, trying to beat each other's totals. It made me think about how much activity we do, and il's really has encouraged us to move more,. Action for children Connecting our Physical & Mental health across schools, Healthy body healthy minds. Worked with 17 schools1882 young people. 910/0 rated us 4 or 5 stsrs. 940/0 said their ability to cope with stress had improved as a result of the programme. 970/0 said physical activity with the Ospreys had a positive impact on their mental health 940/0 now know who to go to for help. 'It was really good, and we have leamt lots of good things in fun ways., 'Thank youl I like bouncing back plus, it made me feel more confident., Page 6
OSPREYS IN THE COMMUNITY (A Company Limited by Guarantee} TRUSTEES. REPORT (CONTINUED> FOR THE YEAR ENDED 30 JUNE 2025 .1 love Tuesdays because you come., 'Thank you I know what to do in hard situations. 'These lessons have helped me with my insecurities., 'In my opinion it's the best thing that makes me happy. .1 liked the sessions and Osprey games. I learnt a lot thank you. 'You made me happy! You boost my energy.. '1 loved it, it was so fun, and I will miss it. This project is in partnership with Action for Children and has been funded by the Wesl Glamorgan Partnerships fund. Education & Em lo abili Primary Education - In 2024125, OITC refreshed its Primary School Programme to complement the Welsh Educaknon curriculum more effectively, merging stimulating classroom content with dynamic physical activities. This inlegraled, multi- disciplinary approach not only strengthens curriculum alignment across Expressive Arts. Literacy, Maths, Science & Technology. and Health & Well-being, but also promotes active learning that empowers pupils to apply classroom concepts in engaging, embodied ways. By weaving in opportunities to develop teamwork, leadership, communication, resilience, and numeracy, the programme supports pupils, holistic development helping students become confident, capable, and well-rounded individuals who flourish both academically and physically. 1,193 Participants 51¢1. 149 % Gender Split 294 sessions delivered 42 schools across 3 local authorities Teacher feedback: "The pupils were fortunate to have the opportunity to learn a range of valuable skills, including rugby techniques and an understanding of the game itself. In addition, they explored themed lessons that integrated numeracy, ICT. and expressive arts, providing them with a well-rounded and engaging learning experience.. °Today when l introduced our new writing focus, the first thing someone said was that it was a recount like our Ospreys report, so they were able to think back to the features they included there.. 'We liked the cross curricular links. Pupils also love working collaboratively on activities and these sessions allowed them to do that". -This is a particularly difficult cohort of learners, and I feel they benefitted from all the sessions. In future it would be good to be able to incorporate it into a half termly topic so that it is not taught in isolation, and learners would have more opportunities to explore, repeat and consolidate the learning concepts.. Page 7
OSPREYS IN THE COMMUNITY (A Company Lirniled by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 TACKLE This project works with secondary school children aged 12-16 with an aim of positive oulcomes through school attendance rèducing the likelihood of young people dropping out of school. A project that has beèn delivered for 7 years across the region and in its final years of Lottery funding. 1.024 Participants over 3 years 1.569 hours of delivery 312 Female 1589 Male 1118 not specified 15 other 22 Schools across 4 local authorities Quotes .1 like lo come to school for the tackle project. it is nice to bond with people and have fun. I like to leam and have fun at the same time. I love Ihe trips too". 'I've learnt not to dwell on the stakes in sport and in real life. The trip has helped me meet people from other schools" 'Helped me get back into being consistent in school, a couple of months ago I want going to lessons. tackle has helped me go lessons". -I've learnt to calm myself down and put my mind into a state when I'm active and happf. "Il has helped my behaviour and improve it around the class, it has helped me with joining a team.. Before Tackle /0 of participant who rated themselves as goodlvery good 29.9 % 26.90/. 41.8% 19.4/0 31.30/0 37.301. 46.30/. After Tackle /0 of participant who rated themselves as goodlvery good 68.70/, 53.70/. 71.60/0 73.10/0 53.70/. 71.70/0 67.2 % Confidence Communication Ability to work with others Ability lo cope with setbacks Ability to take the lead How you feel about yourself Mood and behaviour Teacher Feedback Please descrtbe what impact the programme has had on the students this year? "It has given some of our vulnerable and quiet pupils confidence. I have noticed their increased social ability in speaking with adults and working in groups. They have loved it." 'The students have grown a lot across this year, a lot of the pupils involved were quiet and unsure of themselves but across the year Tackle has given them opportunities to take on leadership roles and lo understand their value and importance and as role models to those around them.. "Students Ihis year have engaged really well and have loved the programme. Each and every one has looked forward to attend school on a Thursday so that they can tske part in the programme. Students have worked well with the Osprey staff and formed good relationships. Increased confider7ce and resilience has also been achieved. The programme has given them skills for the future and it has taught them coaching skills which some of them are already using over the summer.. °Students have had the opportunity to work with other students and attend First Aid course and other activities that they would not have had the opportunity to do. Students have worked well together as a group and have looked forward to the OSPREYS sessions." Page 8
OSPREYS IN THE COMMUNITY (A Company Limited by Guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 How relevant have the trips been for the students? -The trips have been excellent. we have found that the students engage a lot more when outside of school. The consumer helpline gave our students a good insight to a working life after school, it also pleasantly informed me of how you can build a career within a contact centre." 'The trips have been very relevant and have been great in enhancing their skills and getting some practical experience of leadership and team building aclivities. TACKLE after Dark TACKLE After Dark is an evening community initiative run by Ospreys in the Community in partnership with south Wales police and local authorities. It provides young people with a safe, supportive environment during peak hours of Anti-social behaviour in targeted hotspot areas. The programme uses sport especially rugby as a tool to engage participants, encourage positive behaviour, alongside other physical activities. Sessions often include mentoring, wellbeing support, and activities that develop soft skills like, teamwork, communication, Problem solving and resilience. The initiative aims to reduce antisocial behaviour in these areas by providing meaningful alternats'ves for young people to spend their evenings withoul structure. Session delivered.. 103 Participants engaged.. 2,037 Locations Delivered.. Swansea city centre, Swansea Morfa, Bridgend town centre, Taibach port talbot Partnership approach: Local council and South Wales Police Anti social behaviour reductions.. Swansea TAD 12.1 % reduction in ASB 11 /0 Reduction in Crime compared to the summer of 2024 Destination Education Destination EdYOUcation is an educalion programme delivered by Ospreys in the Community in partnership wth NPTC Group of colleges. Its aim is to help support young people 16+ into further education, work. or training. By using both classroom activities and sport we try to enhance learning, encourage development, and support young people's future choices. Destination EdYOUcation provides young people with the Career choiceslopportunities, qualifications. and mock interviews to help prepare them for the next steps. 30 Students from across the region. 126 Hours of delivery 24 male$ 16 females 100 % of learners obtained outcomes in either further education, apprenticeship, or continued training. Learners had access to The Navy, Ospreys Media team. Army, Land rover Sinclair , Neath Port Talbot College, Sony, Welsh ambulance service, The TCH Group to understand the wider world of work. All learners obtained Rugby leaders qualification. 300 Mock Interviews delivered Page 9
OSPREYS IN THE COMMUNITY (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Robot Rugby Robot rugby has been delivered in 57 different primary schools across the region, as part of our new school's programme focusing on the STEM section of the school curriculum. Young people get the opportunity to code robots and move Ihem across our pitch to school like their rugby hero's! Inclusion - (in partnership with Sony UK Technology centre) Wheelchair rugby 41 Weekly 2 hour Sunday sessions to date with Ospreys junior Wheelchair Rugby 727 Juniors engaged in these sessions 2 of the Juniors have moved up to the Seniors wheelchair team throughout this year Sessions being promoted around the Ospfeys region with Primary school tasters frequently Icc Weekly inclusive Community clubs delivered on weekends to engage families in a fun and friendly environment, this project is in partnership with the Welsh Rugby Union. 235 engagements over 38 sessions Some feedback on sessionslcharlie... 'Charlie is amazing, very patient and creates an enthusiasm that everyone thrives on.. 'Charlie is phenomenal and obviously cares so much,. Page 10
OSPREYS IN THE COMMUNITY (A Company Limited by Guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 FINANCIAL REVIEW Financial position This was the charitys 1 Oth full year of operating, and the initiatives and projecls undertaken have continued lo expand. The charity recorded a surplus of £74,241 for the 2024125 period, compared to a surplus of £37,403 in the prior period. Total income for the period has increased by 15 % in 2024125 compared to the prior year. This has been largely driven by increased charitable income, up from £237k to £383k in the year. At the balance sheet date, the charity had a surplus on reserves of £265,222 (2024.. £190,981). Unrestricted reserves had a surplus of £156,204 with restricted reserves surplus being £109,018. Principal funding sources The charity receives fLrnding from various sources such as grants, donations and corporate sponsorship revenue. The main sources of grant funding during the year were the Big Lottery Fund from The National Lottery and the Integrated Care Fund income from Swansea Bay University Health Board. The charity also generates income from the running of sport festivals and events, summer camps and school programmes in the local communily. Details of Ihe funds in use during the period can be found in the notes to the financial slatements. Reserves policy It is the policy of the charity thal unrestricted funds which have not been designated for a specific use should aim to be increased to a level of £150,000. The trustees consider that reserves at this level w¢ll ensure that, in the evenl of a significant drop in funding, they will be able to continue the charitys current activities while consideration is given to ways in which additional funds may be raised, although the target level of reserves is continually under review. At the balance sheet date, unrestricted reseNes stand at £156.204. The trustees consider this adequate, and the level of reserves puts the charity in good stead for the 2025126 financial year. Going concern The charity has recorded unrestricted surpluses for the year of £156,204 and, as Stated in the reserves policy note, the truslees consider Ihis to be adequate. The latest management accounts show a positive outcome in the 2025126 year to date and key income streams from grants and other funders have been secured. The trustees appreciate the inherent risk of securing ongoing funding within the not-for-profit se¢lor, but have addressed this risk by diversifying income streams and building good relationships with grant funders, donors and SUPF>Orters. The trustees currently consider that the current and projected financial position of the charity is satisfactory and therefore the going concern risk has been satisfactorily addressed. Page11
OSPREYS IN THE COMMUNITY (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Management The charity is administered and managed by elected committee members and trustees, in accordance with its constitution. The trustees have the ultimate control over the charity and the trustees are responsible for the management of the charity's day to day activities. Some of the trustees are also board members for Ospreys Rugby Limited, the trustees and members have given due consideration to the Charity Commission's guidan on conflicts of interest and have sufficient policies in place to mitigate any risk. Recruitment and appointment of new trustees New trustees are elected by existing trustees to provide the board with the skills necessary lo operate the charity and achieve its objectives. All trustees have been appointed on a skills basis Since appoinlmenl, they follow an induction process that highlights the following areas,. roles and responsibilities, company values, 3- year strategy and areas of development. All of the current trustees have previously been trustees with other charities and therefore are able to bring a lot of experience to the Ospreys in the Community board. 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 financial risk facing the charity is the sourcing of funds.. the charity's main sources of income are grants, operational income in relation to contracts won through successful tenders, as well as corporate sponsorship. The trustees have attempted to mitigate this risk by diversifying income streams lo ensure that the charity is not reliant on one source of income. The trustees continue to actively seek new opportunities for external funding This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the members of the board of Trustees and signed on their behalf by.. C A Richards Trustee Date.. 2510312026 Page 12
OSPREYS IN THE COMMUNITY (A Company Limited by Guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 JUNE 2025 Independent Examiner's Report to the Trustees of Ospreys In The Community {'the Company. I report to the charity Trustees on my examination of the accounts of the Company for the year ended 30 June 2025. Responsibilities and Basis of Report As the Trustees of the Company {and its directors for the purposes of company law) you are responsible for the preparation of the aGGounls in accordance with the requirements of the Companies Act 2006 ('the 2006 Acl,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Companvs accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed Ihe Directions given by the Charity Commission under section 145(5){b} of the 2011 Act. Independenl Examiner's Statement Since the Companvs gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountanls in England and Wales, which is one of the listed bodies. 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: accounling records were not kept in respect of the Company as required by section 386 of the 2006 Act-, or the accounts do not accord with those records; or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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-, or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no COnrnS 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 accounls to be reached. Signed.. Dated.. Rachel Doyle ACA DChA MHA House Charter Court, Phoenix Way, Swansea Enterprise Park, Swansea, SA7 9FS Page 13
OSPREYS IN THE COMMUNITY (A Company Limited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2025 Unrestricted funds 2025 Restricted funds 2025 Total funds 2025 Total funds 2024 Note Income from". Donations and legacies Charitable activities 96,074 383,479 234,705 330.779 383,479 383, 705 237,419 Total income 479,553 234,705 714,258 621, 124 Expenditure on: Charitable activities 390,292 249,725 640,017 583, 721 Total expenditure 390.292 249.725 640,017 583, 721 Net incomel{expenditure) Transfers between funds 89.261 14,607 (15.020) (14.607) 74.241 37,403 14 Net movement in funds 103,868 (29,627) 74,241 37,403 Reconciliation of funds: Total funds brought forward Net movemenl in funds 52,336 103,868 138,645 {29,627) 190,981 74,241 153,578 37,403 Total funds carried forward 156,204 109,018 265,222 190,981 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 17 to 33 form part of these financial statements. Page 14
OSPREYS IN THE COMMUNITY (A Company Limited by Guarantee) REGISTERED NUMBER: 09578656 BALANCE SHEET AS AT 30 JUNE 2025 2025 2024 Note Fixed assets Tangible assets 10 1,622 2,412 1,622 2,412 Current assets Debtors Cash at bank and in hand 69,965 241,858 30,303 211.565 311,823 241,868 Current liabilities Creditors.. amounts falling due wilhin one year 12 (36,763) (22, 236) Net current assets 275,060 219,632 Total assets less current liabilities 276,682 222,044 Accruals and deferred income (11.460) (31,063) Net assets excluding pension asset 265,222 190,981 Total net assets 265,222 190,981 Charity funds Restricted funds Unrestricted funds 14 14 109.018 156,204 138,645 52,336 Total funds 265,222 190,g81 The Company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Acl with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject lo the small companies regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. Page 15
OSPREYS IN THE COMMUNITY IA Company Limited by Guarantee) REGISTERED NUMBER: 09578656 BALANCE SHEET {CONTINUED) AS AT 30 JUNE 2025 C A Richards Trustee Date. 2510312026 The notes on pages 17 10 33 form part of these financial statements. Page 16
OSPREYS IN THE COMMUNITY (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 General information Ospreys in the Community is a charitable company, limited by guarantee, registered in England & Wales. The charitable companrfs registered number and registered Offi address can be found in the Trustees, Report. The presentation currency of the financial statements is the Pound Sterling 1£). Accounting pollcles 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 Companies Act 2006. Ospreys In The Community meets the definilion of a public benefit entity under FRS 102. Assels and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 2.2 Going concern The charity is reliant on the ability to Gontinue to source income streams, whether by way of grants, donations or other operational income. Grants and sponsorship contracts are generally awarded for 12 month periods that coincide with the accounting reference dale and the rugby season. If future income levels were to fall short of budget and no alternative funding could be sourced, the harity would be lorced to reduce staffing numbers and service levels in order to continue operating within its ongoing funding sources. The trustees appreciate the inherent risk of securing ongoing funding within the not-for-profit sector, bul have addressed this risk by diversifying income streams and building good relationships with grant funders, donors and supporters. The trustees have reviewed current and projected resources and taken into account assessed risks and have concluded that the charity is a going concern and the financial statements have therefore been prepared on this basis. Page 17
OSPREYS IN THE COMMUNITY (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Accounting policies (continued) 2.3 Significant judgements and estimates The trustees make estimates and assumptions concerning Ihe future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing material adjustments to the Garrying amounts of assets and liabilities within the next year are addressed below.. i. Doubtful debts are reviewed on a regular basis and considered for write-off provision if the balance has been dormant for a significant period. Write-off is only provided when recoverability is considered remole. ii. The income recognition policy results in judgements being made with regard to project performance. Contractual targets and detailed KPIS are selected as appropriate in order to recognise income during the year. 2.4 Income All income is recognised once the Company has entitlement to the income, il is probable that the income will be received and the amount of income receivable can be measured reliably. Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entillemenl of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, Ihe income is accrued. Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projecls. Gifts donated for resale are included as income when they are sold. Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to measure Ihis reliably, in which case the cost of Ihe item to the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset Class and depreciated over the useful economic life in accordance with the Company's accounting policies. On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Company which is the amount it would have been willing lo pay to obtain services or facilities of equivalent economic benefit on the open market,. a corresponding amount is then recognised in expenditure in the period of receipt. Non-performance related grants and donations are recognised when the Charity has unconditional entitlement to the resource. Contractual income and sponsorship agreements are recognised in the period in which the underlwng goods or services were delivered. Income derived from the provision of services is stated after trade discounts, other sales taxes and net of VAT. Performance related grants income is recognised when the charity earns the right to consideration by its performance. Page 18
OSPREYS IN THE COMMUNITY (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Accounting policies (continued) 2.5 Expenditure 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 thal activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned beeen those activities on a basis consistent wth the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocaled on the portion of the asset's use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs. 2.6 Allocation and apportionment of costs All costs are allocated between the expenditure categories on a basis designed to reflect the use of Ihat resource. 2.7 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 lo the independent examination and legal fees. Support costs include all management and administrative costs of the charity. 2.8 Charitable activities Costs of charitable activities comprise all costs incurred in the pursuit of the charitable objects of the charity- 2.9 Taxation The Gharity is exempt from corporation lax on its charitable aclivities. 2.10 Tangible fixed assets and depreciation Tangible fixed assets costing £250 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. Page 19
OSPREYS IN THE COMMUNITY (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Accounting policies (continued) 2.10 Tangible fixed assets and depreciation (continued) Deprecialion is charged so as to allocate the Cost of tangible fixed assets less their residual value over Iheir estimated useful lives, using the straight-line method. Depreciation is provided on the following basis: Fixtures and fittings Computer equipment 33/0 25/0 2.11 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. 2.12 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. 2.13 Liabilities Liabilities and provisions 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 benefil will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Company 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, Ihe provision is based on the presenl value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to Ihe liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost. 2.14 Financial Instruments The Company 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 subsequerFtIy measured at amortised cost using the effective interest method. 2.15 Finance leases and hire purchase Assets obtained under hire purchase contracts and finance leases are capilalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the Company. Obligations under such agreements are included in creditors, net of the finance charge allocaled to future periods. The finance element of the rental payment is charged to the Statement of Financial Activities so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. Page 20
OSPREYS IN THE COMMUNITY {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Accounting policies (continued) 2.16 Pensions The charitable company operates a defined conlribulion pension scheme. Contributions payable to the charitable cornpanls pension scheme are charged to the Statement of Financial Activities in the period to which they relate. 2.17 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Truslees in furtherance of the general objectives of the Company and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restriclions imposed by donors or which have been raised by the Company 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. Page 21
OSPREYS IN THE COMMUNITY (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Income from donations and legacies Unreslricled Restricted funds funds 2025 2025 Total funds 2025 Donations Grants 96,074 96.074 234,705 234,705 96,074 234,705 330,779 Unrestrict8d funds 2024 Restrictod funds 2024 Total funds 2024 Donations Grants 97,688 97,688 286,017 286,017 97.688 286,017 383, 705 Page 22
OSPREYS IN THE COMMUNITY (A Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Income from charitable activities UnrestriGted funds 2025 Total funds 2025 Operational Income Tournaments, competitions, and other events Other income 20,556 192,184 170,739 20,556 192,184 170,739 383.479 383,479 Unrestricted funds 2024 Total funds 2024 Operational Income Tournaments, competitions, and other events Other income 5,082 122, 809 109,528 5,082 122,809 109, 528 Total 2024 237,419 237,419 Page 23
OSPREYS IN THE COMMUNITY (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Analysis of expenditure by activities Activities undertaken directly 2025 Support costs 2025 Total funds 2025 Charitable activities 618,721 21,296 640,017 Activities undortaken directly 2024 Support costs 2024 Total funds 2024 Charitable activities 560, 731 22.990 583, 721 Analysis of direct costs Total funds 2025 Total funds 2024 Staff costs Rental and hire of facilities Events and competitions Training Rugby camps Monitoring and evalualion other project costs Travel expenses Commercial expenses 407,250 12,944 30,917 125 (272) 287 137,388 14,213 15,869 340,900 13,389 2,502 409 522 175,611 21,431 5,967 618,721 560, 731 Analysls of support costs Page 24
OSPREYS IN THE COMMUNITY (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Analysis of expenditure by activities (continued) Analysis of support costs {continued) Total funds 2025 Total funds 2024 Depreciation Bank charges Advertising Sundries Telephone Governance costs Insurance 2,502 6,774 1,273 2,310 1,771 6,226 440 3,160 5,503 2,404 7.013 2,086 8,824 21,296 22,990 Governance costs 2025 2024 Independent examination Legal fees 3,500 2,726 3,500 5.324 Staff costs 2025 2024 Wages and salaries Social security costs Pensions 371,560 28,624 7,066 318,628 16,509 5, 763 407.250 340,900 Page 25
OSPREYS IN THE COMMUNITY (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Staff costs (continued) The average number of persons employed by the Company during Ihe year was as follows: 2025 No. 2024 No. 34 25 No employee received remuneration amounting to more than £60,000 in either year. The remuneration of key management personnel during the year was £49,74412024.. £48,015>. Trustees. remuneration and expenses During the year, no Trustees received any remuneration or other benefits (2024- £NIL). During the year ended 30 June 2025, no Trustee expenses have been incurred (2024 - £NIL). Volunteers Volunteers play a huge part in the work the charity can get through. and an estimated 8,552 hours of volunteer time has been noted in the year. The value of this volunteers time has not been recognised in the financial stalements. Page 26
OSPREYS IN THE COMMUNITY (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 10. Tangible fixed assets Fixtures and fittings Computer equipment Total Cost or valuation At 1 July 2024 Additions 1,293 995 15,657 717 16,950 1,712 At 30 June 2025 2,288 16,374 18,662 Depreciation At l July 2024 Charge for the year 1,236 13,302 2,058 14,538 2.502 At 30 June 2025 1,680 15,360 17,040 Net book value At 30 June 2025 608 1,014 1,622 At 30 June 2024 57 2,355 2,412 11. Debtors 2025 2024 Due within one year Trade debtors Other debtors Prepayments and accrued income VAT 48.295 2,972 18,698 22, 724 1,503 5,678 398 69,965 30,303 Page 27
OSPREYS IN THE COMMUNITY (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 12. Creditors: Amounts falling due within one year 2025 2024 Trade creditors Other taxation and social security Other creditors Accruals and deferred income 26.508 4,557 192 12,340 4,460 193 5,506 5,243 36,763 22,236 13. Accruals and deferred Income Deferred income includes grants, sponsorship and other service-related income. Grants may be deferred where performance related conditions have not been met at the balance sheet date. Sponsorship and service income is recognised in the period to which it relates. 2025 2024 Accruals and deferred income 11,460 31,063 2025 2024 Deferred income at 1 July 2024 Resources deferred during Ihe year Amounts released from previous periods 31,063 11,460 (31,063) 4,275 37,063 (4,275) Deferred Income at 30 June 2025 11.460 31,063 Page 28
OSPREYS IN THE COMMUNITY (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 14. statement of funds statement of funds - current year Balance at 30 June 2025 Balance at 1 July 2024 Transfers inlout Income Expenditure Unrestricted funds General Funds - all funds 52,336 479,553 {390,292} 14,607 156,204 Restricted funds Wheelchair Rugby Big Lottery ICF Grant Schools Hub Officer PHW Mental Health Veterans Bounce Back + Walking Rugby COAST National Grid swp 4,897 103.260 4,097 1.137 14,121 43 (2,754) (91,292) (73,578) 2,143 95,512 3,149 83.544 72.630 (1.137) (14,1211 (43) 663 12,204 54,852 4,725 (12,867> (58,583) (5,087) (798) (4.766) 3,700 6,518 872 31 6,156 74 1,984 6.750 138,645 234,705 (249,725) {14,607) 109,018 Total of funds 190,981 714.258 (640.017) 265,222 Page 29
OSPREYS IN THE COMMUNITY (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 14. Statement of funds (continued) Statement of funds prior year Balance al 30 June 2024 Balance at l July 2023 Transfers irnloul Income Expenditure Unrestricted funds General Funds - all funds 29, 100 335.107 (310,907) (964) 52,336 Restricted funds Wheelchair Rugby Big Lottery ICF Grant Schools Hub Officer PHW Mental Health Veterans Kick Start Bounce Back + Walking Rugby COAST National Grid swp 5,087 g8,764 5,409 1,137 14. 121 43 (257) 787 (613) (190) (119,320) (78,572) 4,897 103,260 4,097 1,137 14, 121 43 123,816 77.260 257 12.204 54,572 6,215 4, 500 7,450 (13,642) (50,259) (6,271) (3,628) (932) 651 3. 700 56 872 6,518 124,478 286,017 (272,814) 964 138,645 Total of funds 153,578 621,124 (583, 721) 190,981 Page 30
OSPREYS IN THE COMMUNITY (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 14. Statement of funds (continued) The funds included above which are described as unrestricted are general funds that are available for use at the trustees. discretion in furtherance of the objectives of the charitable company. The restricted funds above are held for the following purposes.. Big Lottery Fund This fund was awarded for use in running a leadership programme for disadvantaged younger people and specifically to fund leadership awards, tutor training and equipment. Integrated Care Fund (ICF) grant This grant, received from Swansea Bay University Health Board. is provided with the aim of providing wider ranging integrated support for citizens with care or support needs. The activities of the charity are focused lowards those citizens with Dementia through the Sporting Memories groups, providing reminiscence and physical activity sessions as well as respite for family members. Schools Hub Officer The fund is in relation to the employmenl of a schools Hub Officer whose role is to develop, deliver, and co-ordinate a programme of rugby activities with the aim of increasing participation in rugby in schools and improving the general wellbeing and academic achievement of those involved. Mlllennium grant wheelchair This grant is in relation to the wheelchair rugby project. The project's aim is to fund taster sessions at local community venues across 3 local authorities. The project is aimed al including 8 - 16 year olds with physical and mental disabilities.The employment grant was provided to assist in funding the recruitment and retaining of three new employees. PHW Mental Health This granl was provided lo assist in the purpose of supporting mental health and wellbeing, though online materials, case studies and pod casts. Kickstart An initiative to get people who are 'NEET° back into work funded by Ihe Welsh Government. Bouncing back A mental health & wellbeing project for children, working with Action for children, the funds received relate to staff and service costs. Walking Rugby A new initiative to support the obesity, diabetes issues within South Wales in males over 35. Funding is used to set up new groups and to provide health screening linked to the health board and Swansea University research practitioners. COAST Part of the Shared prosperity funding across Swansea, and has various aims for each round of funding, all centred around wellbeing & getting people active. We have used this funding for both yovng people in outdoor learninglforest schools and also with Our Sporting memories groups to allow a Historic talk from a local aulhor and a walk around the town. Natlonal grid Funding to connect young people and technology, we launched our "Robot Rugbv, with the funding allowing us to purchase sphere robots for young people to code, this was then used along side a rugby pitch mat where they were tasked to code a route to the try line. Funding and evaluation submitted Page 31
OSPREYS IN THE COMMUNITY (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 14. statement of funds {continued) project is continuing through our primary schools engagement. swp This is funding for a project called Tackle After Dark, which is tackling youth anti-social behaviour, we have seen a 70 /0 decrease in ASB calls aligned to the project timings and we continue to work with the police across the region to reduce this further. other restricted Income The fund includes various smaller restricted grants and donations for a variety of purposes. 15. Analysis of net assets between funds Analysis of net assels between funds - current year Unrestricted Restricted funds funds 2025 2025 Total funds 2025 Tangible fixed assets Current assets Creditors due within one year Deferred income 1,622 196.907 (35.873) (6.452) 1,622 311,823 (36,763) (11,460) 114,916 {890) (5,008) Total 156.204 109,018 265,222 Analysis of net assets between funds - prior year UnStriCted funds 2024 Reslricted funds 2024 Tolal funds 2024 Tangible fixed assets Current assets Creditors due within one year Deferred income 2,412 69, 702 (15, 708) (4,070) 2,412 241,868 (22,236) (31,063) 172,166 (6,528) (26,993) Total 52,336 138,645 190,981 Page 32
OSPREYS IN THE COMMUNITY {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 16. other financial commitments At the balance sheet date, the charity had financial commitments in respect of vehicle leasing of £Nil (2024- £Nil). 17. Related party transactions During the year, the charity received income from and incurred costs of £82.029 (2024 £80,367) and £39,538 (2024 - £42,221) respectively in relation to Ospreys Rugby Limited. At the balance sheet date, an amount of £17,205 (2024 - £7,049) was due from Ospreys Rugby Limited. Page 33
OSPREYS IN THE COMMUNITY (A Company Limited by Guarantee} INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2025 2025 2025 2024 2024 Income Grants Donations Operational income Tournaments, competitions and other events Other income 234,705 96.074 20,556 192,184 170,739 286,017 97,688 5,082 122,809 109,528 714,258 621, 124 Gains on investments Gross income in the reporting period 714.258 621, 124 Less: Charitable activities Wages Social security Pensions Rental and hire of facilities Events and competitions Training Rugby camps Monitoring and evaluation Other project costs Travel expenses Commercial expenses Partial exemption 371,560 28,624 7,066 12,944 30,917 125 (272) 287 318,628 16,509 5. 763 13,389 2.502 409 522 123,946 14,213 15,869 13,442 150,290 21,431 5,967 25,321 618,721 560, 731 Page 34
OSPREYS IN THE COMMUNITY (A Company Limited by Guarantee) INCOME AND EXPENDITURE ACCOUNT {CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 2025 2025 2024 2024 Support costs Independent examiner's fee Legal fees Telephone Advertising Sundries Bank charges Depreciation Insurance 3.500 2,726 1,771 1,273 2,310 6,774 2,502 440 3,500 5,324 2,086 2,404 1,013 5,503 3, 160 21,296 22,990 Total expenditure Net income before taxation for the reporting period Tax payable 640,017 583,721 74,241 37,403 Net income for the reporting period 74,241 37,403 Surplus for the reporting period Surplus brought fonvard at 1 July 2024 74.241 190.981 37,403 153,578 Surplus carried forward at 30 June 2025 265,222 190,981 The notes on pages 17 to 33 form part of these financial statements. Page 35