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
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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.
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OSPREYS IN THE COMMUNITY
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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.
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OSPREYS IN THE COMMUNITY
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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
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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".
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OSPREYS IN THE COMMUNITY
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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.,
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TRUSTEES. REPORT (CONTINUED>
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.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..
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OSPREYS IN THE COMMUNITY
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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."
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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
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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,.
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OSPREYS IN THE COMMUNITY
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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.
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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
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OSPREYS IN THE COMMUNITY
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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 COn￿rnS 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
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OSPREYS IN THE COMMUNITY
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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 be￿een 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
Un￿StriCted
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