Folkestone Rugby Football Club CIO Charity No. 1171276
ANNUAL REPORT FOR THE YEAR ENDED 30[TH] JUNE 2024
Introduction
This report focuses on the development of Folkestone Rugby Club (also referred to as “the Club”) as a Charity from 1[st] July 2023 until 30[th] June 2024, incorporating the financial report for this period.
Trustees
Many of the trustees of the Charity are appointed from the Executive Committee which manages the operations pertaining to the Club’s objectives. Trustees are appointed annually and are eligible for re-election at each AGM and at which point new trustees may also be appointed. There are several non-executive trustees whose role is to monitor the activities of the Executive Committee and ensure compliance with the objectives of the Club.
All trustees give of their time freely and no trustee receives remuneration for their endeavours. Trustees are required to disclose all relevant interests and register them with the Executive Committee and in accordance with the Trust’s constitution, withdraw from decisions where a conflict of interest arises.
Executive Trustees
Mark Edwards - President Glenn Foreman – Chairman Christopher Walker– Vice Chairman Steve Cribbens – Hon. Treasurer Roger Smith – Hon. Secretary Michael Gardner
Non-Executive Trustees
Andrew Dagger Andrew Parmenter Liza Cayley Kenneth Lennon
Principal Office
Folkestone Rugby Club Newington Folkestone Kent CT18 8BH
Independent Examiner
Cannons Unit 1A Park Farm Industrial Estate Folkestone Kent CT19 5EY
Bank
NatWest Bank, Europa House, 49 Sandgate Rd, Folkestone CT20 1RU
During the financial year several changes occurred to the membership of the Executive Committee and very sadly we lost the services of Alex Ruddock, a lifelong Club and Executive Committee member and Trustee, following a long battle with cancer.
Governance
Folkestone Rugby Football Club operates under its constitution as a registered Charitable Incorporated Organisation.
Day to day management of the Club is the responsibility of the Executive Committee which meets regularly, at least every 2 months. The Executive Committee is overseen by the Board of Trustees, which meets regularly and at least quarterly through the year.
The objects of the Club
i) To promote community participation in healthy recreation by providing facilities for playing rugby union football and other sports ("facilities" means land, buildings, equipment and organizing sporting activities).
ii) To provide and assist in providing facilities for sport, recreation or other leisure time occupation of such persons who have need for such facilities by reason of their youth, age, infirmity or disablement, poverty or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving their conditions of life; and to advance the education of children and young people through such means as the Trustees think fit in accordance with the law of charity.
Folkestone Rugby Club was registered as a Charity on 24[th] January 2017.
The Charity assumed responsibility for playing and supporting rugby - it collects membership subscriptions from senior and junior players plus supporters and provides suitable facilities & pitches for training & games. The trading company “Folkestone Rugby Club Limited” currently owns and operates the clubhouse including the bar, hall hire and events. Profits from the trading company are be donated to the charity.
Summary of Activities 2023/24
The Chairman reported on the continuing development of rugby played through the Club including our Senior Men & Women, Youth, and Minis. Our Men’s First XV played in Kent Counties League 2, having been relegated from League 1 the previous season. The team had a successful season finishing in 4th position in the league – 12 points off the top but an impressive 20 points above the 5[th] placed team. The players and coaching staff maintained full commitment throughout and with a relatively young team it was felt playing in this league was a good opportunity for the team to gain experience and consolidate ready for a push to being promoted back into League 1. Men’s numbers were good but the lack of commitment from some resulted in several 2[nd] XV games being cancelled by us and we were unable to field a 3[rd] XV in the league. It should be noted this is a county (& national) problem and several games were cancelled by the opposition.
The Youth and Minis sections continued to recover in terms of numbers after the negative effects of the pandemic during the previous seasons. There are still gaps in some of the older years but from U14s down numbers are very good. Ollie Smith has formed a separate Mini & Youth Committee to help him develop the section and improve the opportunities for our younger players. The Club hosted 2 Kent-wide age-grade festivals which helps to publicise our fantastic location & facilities and bring in funds from car-parking & food/bar sales.
The ladies senior section suffered from the loss of several players and a couple of coaches. However, new coaches volunteered and the team remained viable with the help of some other players from local clubs to fulfil fixtures. We still do not have a girls youth section due to lack of numbers but with the increasing number of girls playing in the younger age-groups it is hoped that in the near future the girls’ sections will be re-started.
The Chairman thanked all volunteers throughout the playing sections for their commitment and dedication which will hopefully continue into the future. He emphasised that central to his involvement with the club, over many years, has been the wish to give all ages of our community the opportunity to excel in an environment that teaches teamwork, respect, discipline & sportsmanship.
Regarding the Grounds & Premises, there have been a number of developments. The Lift Fund reached its target, and it is anticipated that it will be installed in 2025.
Along with many other sports clubs, we continue to battle against increasing costs and recognise that it is the trading arm of the Club which remains the critical income generator to enable the Club to meet its primary objective of providing a safe & enjoyable environment for the local community to enjoy watching & playing rugby. The continuing work of the catering and bar staff is an essential part of this infrastructure, servicing both Club and external events and the work they do is greatly appreciated. Whilst sponsorship has been a valuable support in recent years, and efforts continue to gain new sponsors, it is not a guaranteed source of income. The Club is nothing without its members and despite the continuing increase in service charges, the officers have been able to maintain our current membership charges which is dependent upon full payment of subscriptions from all who enjoy the facilities. The process of collecting membership fees has improved during the year and will continue to be high on the list of priorities.
Retention of Senior Officers on the Executive Committee the Club has stabilised which will help to ensure we are able to maintain a strong and committed leadership for the future development of the Club.
This report covers the period 1[st] July 2023 to 30[th] June 2024, in compliance with requirements under Charity Status.
The Trustees are responsible for preparing an annual report and financial statements in accordance with applicable law and United Kingdom Accounting standards which give a true and fair view of the situation of the charity. In preparing the financial statements the trustees are required to keep proper accounting records that disclose the financial position of the charity with reasonable accuracy, at any time.
On behalf of the trustees
K Lennon Trustee April 2025
Company registration number.. CE008900 Charity registration number.. 1171276 Folkestone Rugby Football Club (A company limited by guarantee) Annual Report and Financial Ststemenls for the Year Ended 30 June 2024 Cannon and Company Accountants Limited Unit IA Park Farm Industrial Estate Folkestone Kent CT195EY
FolkestODe Rugby Football Club Contents Reference and Administrative Details Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 5t0 12
Folkestone Rugby Football Club Reference and Administrative Details Chairman Mr G D Foreman Trustees Mr G D Foreman Mr M Edwards Mr C M Walker MrRCSmith Mr M Gardner Mrs L Cayley Mr S Cribbens Mr A Dagger Mr A Pamienter Mr K Lennon Charity Registration Number 1171276 Company Registration Number CE008900 The charity is incorporated in England & Wales. New BurlinOn Ground Newinglon Folkeslone Kent CT18 8BH R¢gis¢ered Office Independent Examiner Cannon and Company Accountants Limited Unit l A Park Farn] Industrial Estate Folkestone Kenl CT19 SEY Page I
Folkestone Rugby Football Club Independent Examiner's Report to the trustees of Folkestone Rugby Football Club ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2024. Responsibilitie5 and basis of report As the charity's trustees of the Company (and also its directors for the Purposes of company law) you are responsible for the preparation of ihe accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audiied under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('Ih¢ 2011 Act,). In carying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's statement I have completed my examination. I confinn thai no matters have corne lo my attention in connection with the examination giving me cause lo believe: l. accounting records were not kept in respect of Folkesione Rugby Football Club as required by section 386 of the 2006 Act- or 2. the accounts do not accord with those records. or 3. 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 nol a matter considered as part of an independent examination. or 4. the accounts have not been prepared in accordance with the methods and principles of Ihe Statement of Recommended Practice for accounting and reporting by charities [applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have should concerns and have come across no other matters in connection with the examination to which attention drawn in this report in order to enable a proper understanding of the accounls lo be reached. Cannon d Company Accountants Limited ACCA Unit l A Park Fam Industrial Estate Folkestone Kent CT19 SEY 13 November 2024 Page 2
Folkestone Rugby Football Club Statement of Financial ActlVAties for the Year Ended 30 June 2024 (Including Income and Expenditure Account and Statement of Total Rccognised Gains and Losses) Unrestricted funds Reslrieled funds Total 2024 Note Income and Endowments from: Donaiions and legacies Other trading activities Investment income 44,772 22,523 5,046 49,818 22.523 411 411 Total income 67.295 5,457 72,752 Expenditure on". Raising funds (54,626) (54,626) Total expenditure (54,626) (54.626) Net income 12.669 5.457 18,126 Net movement in funds 12.669 5.457 18,126 Reconciliation of funds Total funds brought forward 79.050 24,732 103.782 Total funds carried forward 91.719 30,189 Unrestricted funds 121,908 Total 2023 Note Income and Endoivments from: Donations and legacies Other trading activities Investment income 52,080 8,715 126 52,080 8,715 126 Total income 60.921 60,921 Expenditure on: Raising funds 52,445) 52,445) Total expenditure (52,445) (52,445) Net income 8,476 8,476 Net movement in funds 8,476 8,476 Reconciliation of funds Total funds brought forward 95,307 95,307 Total funds carried fonvard 103,783 103,783 All of the charity's activities derive from continuing operations during the above two periods. The funds brcakdown for 2023 is shown in note 8. The notes on pages 5 to 12 fomi an integrdl part of these financial statements. Page 3
Folkestone Rugby Football Club {Registration number: CE008900) Balance Sheet as at 30 June 2024 2024 2023 Note Current assets Debtors Cash at bank and in hand 48,628 74.119 51.496 78,639 122,747 130,135 Creditors: Amounls falling du¢ within one year Net assets (839) (26,352) 121,908 103,783 Funds of the charity: Restricted income funds Restricted funds 30.189 Unrestricted income funds Unrestricted funds 91.719 103,783 Total funds 121.908 103,783 For the financial year ending 30 June 2024 the charity was entitled to exemption from audit under section 477 of the Companie5 Act 2006 relating to small companies. Directors, r¢sponsibiliiies- The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and The directors acknowledge their responsibilities for complying with the requirements of the Act wilh respect to accounting records and the preparation of accounts. The financial statements on pages 3 10 12 were approved by the trustees, and authorised for issue on 13 November 2024 and signed on their behallby: MrG oreman Chainnan and trnstee Mr R C Smith Trustee The notes on pages 5 to 12 fonn an Inte?1 part of these financial statements. Page 4
Folkestone Rugby Football Club Notes to the Financial Statements for the Year Ended 30 June 2024 I Charity status The charity is limited by guarantee. incorpordted in England & Wales. and consequently does not have share capilal. Each of the trusie¢5 is liable to conlribute an amount noi cxceeding £Nil iowards the assets of the charity in the event of liquidation. The address of its registered office is.. New Burlington Ground Newington Folkestone Kent CT18 8BH These financial statements were auihorised for issue by the trustees on 13 November 2024. 2 Accounting policies Summary of significant aecounting policies and key gecounting estimales The principal accounting policies applied in the preparation of ihese financial siaiements are set out below. These policies have been consistently applied to all the years presented. unless otherwise stated. Statement of compliance The financial stalcments have been prepared in accordance with Accounling 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 arid Republic of Ireland (FRS 102)) (issued in October 2019) (Charities SORP {FRS 102)), the Financial Reporting Siandard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basis of preparation Folkestone Rugby Football Club meets the definition of a public benefit entity under FRS 102. As5et5 and liabilities are initially recognised at historical cost or transaction value unless otherwise slated in the relevant accounting policy noies. Going concern The trusiees consider that there are no material uncertainties about the charity's ability to continue as a going concem nor any significant areas of uncertainty that affect the canying value of assets held by Ihe charity. Income and endowments All income is recognised once ihe charity has entitlement to the income, it is probable ihat the income will be received and the amount of the income receivable can be measured reliably. Page 5
Folkestone Rugby Football Club Notes to the Financial Statements for the Year Ended 30 June 2024 Donations and legacles Donations are recognised when the charity has been notified in writing of both the amounl and scttlement date. In the event that a donation is subjecl to conditions that require a level of perfonnance by the charity before the charity is entitled to the funds. the income is deferred and not recognised until either those conditions ar¢ fully met, or the fulfilment of those conditions Is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. Legacy gifts are Tecognised on a case by case basis following the grant of probate when the administratorlexecutor for ihe estate has communicated in writing both the amount and settlement date. In the event that the gift is in the fomi of an &sset oiher than cash or a financial asset traded on a recognised stock exchange, recognition is subjeci to the value of the gift bein8 reliably ffleasurable with a degree of reasonable accuracy and the title to the asset having been transferred to the charity. Grants recelvable Granis are recognised when the charity has an eniitlement to the fvnds and any conditions linked to the grants have been met. Where perforniance conditions are attached to the grdnt and are yet to be met. the income is recognised as a liability and included on the balance sheet as deferred income 10 be released. Investment income Dividends are recognised once the dividend has been declared and notificalion has been received of the dividend due. Expenditure All expenditure is recognised once there is a legal or constructive obligation lo that expenditure, it is probable seitlement is required and the amounl can be measured reliably. All cosls are allocated to the applicable expenditure hLading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consislenl with the use of resources, with central staff Costs allocated on the basis of time spent. and depreciaiion Chargcs allocated on ihe portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Ralslngfunds These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activitie5 that raise funds. Taxation The charity is considered lo pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the TatIOn of Chargeable Gain5 Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Trade debtors Trade debtors are amounls due from customers for merchandise sold or services perfonned in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised c05t using the effective interesl method, less provision for impainnent. A provision for the impairnient of trade debtors 15 established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. Page 6
Folkestone Rugby Football Club Notes to the Financial Statements for the Year Ended 30 June 2024 Cash and cash equivalenls Cash and cash equivalent5 comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignlficant risk of changye in value. Borrowings Interest-bearing bOowingS are initially recorded at fair value. net of transaction costs. Interest-bearing bOowingS are subsequently carried ai amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Staiement of Financial Activities over the period of the relevant borrowing. Interest expense is recognised on the basis ol the effective inlerest method and is included in interest payable and similar charges. Borrowings are classified as CUent liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Fund strueture Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the obje¢¢ives of the charity. Rcstricted income ndS are those donated for use in a particular area or for specific pury)oses, the use of which is reslriLted to that area or purpos¢. Financial instruments Clo.f.glflcation Financial assets and financial liabilities are recognised when the chariry becomes a party to the contractual provision5 of the instrumeni. Financial liabilities and equity instruments are cla55ified according to the substance of the contractual arrangements entered into. An equity insirument is any contract that evidences a restdual interest in the assets of the charity after deducting all of its liabilities. Page 7
Folkestone Rugby Football Club Notes to the Financial Statements for the Year Ended 30 June 2024 Recognition and measuremenl All financial assets and liabilities are initially measured at transaction price (including iransaction costs). except for those financial assets classified as at fair value ihrough profit or loss. which are initially measured at fair value (which is normally the transaction price excluding transaction c05ts), unless the aangemen1 constitutes a financing transaction. If an arrangement constilules a fmancing transaction. the financial asset or financial liability is measured at the present value of the fiiture payments discounted at a market rate of interest for a similar debt instrument. Financial assets and liabilities are only oifset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends elther to settle on a net basis. or to realise the asset and settle the liability simultaneously. Financial assets ar¢ derecognised when and only wh¢n a) the contracthal rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of ihe risks and rewards of ownership of ihe financial asset, or c) the charity, despite having retained some, but not all. significani risks and rewards of ownership, has iTansferr¢d control of the assei 10 another party. Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or ¢xpires. Page 8
Folkestone Rugby Football Club Notes to the Financial Statements for the Year Ended 30 June 2024 Debt instruments Debt instrutnents which meet the following conditions are subsequently measured at amortised cost using the effective int¢r¢st mcthod.. (a) The contractual return to the holder is (i) a fixed amount- (li) a positive fixed rate or a positive variable rate. or (iii) a combination of a positive or a negative fed rate and a positive variable rate. (b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the cUencY in which the debt instrument is denominated, provided such links are not leverdged. (c) The contract may provide for a deleminable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than ( l ) a change of a contractual variable rate; (2) to proteci the hold¢r against credit deterioration of the issuer. (3) changes in levie5 applied by a central bank or arising from changes in relevant taxation or law. or (li) the new rate is a markei rate of interest and satisfi¢s condition (a). (d) There is no contractual provision that could, by its tenns, result in the holder losing the principal amount or any interest attribuidble to the curren( period or prior periods. (e) Contractual provisions that pemiil the issuer to prepay a debt instrument or perniit the holder to put it back to the issuer before maturity are not conlingent on fulure evenls, other than to protect Ihe holder against the credil deterioration of the issuer or a change in control of ihe issuer, or io protect ihe holder or issuer against changcs in levies applied by a cenlral bank or arising from changes in relevant taxalion or lam,. (f) Contractual provisions may pernjil the extension of the tenn of the debi insirumenl, provided ihat the return to the holder and any other contractual provisions applicabl¢ during the extcnded temi saiisfy the conditions of paragraphs (a) to (c). Debt instrument5 that are Classified as payable or receivable within one year on inilial recognition and which mcct the above conditions are measured ai the undiscounted amounl of the cash or other consideration expected to be paid or rec¢ived. net of impairnient. With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss. Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impainnent. Inveslments Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cosi less impaimient. Investments in subsidiaries and associates are measured at cost less impaimient. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of oth¢r consideration. Any premium is ignored. Page 9
Folkestone Rugby Football Club Notes to the Financial Statements for the Year Ended 30 June 2024 Derlvalivefinanclal Inslruments The charity uses derivative financial inStmentS to reduce exposure to foreign exchange risk and interest rate n]ovements. The Chi1ty does nol hold or issue derivaiive fmancial insmunents for speculative purposes. Derivatives are initially recognised at fair value al the date a derivalive contract is entered into and are subsequently remeasured to iheir fair value at each reporting date. The resulting gain or loss is recognised in statement of financial activities immediately unlcss the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in slalement of financial activities depends on the nature of the hedge relationship. Falr value measuremenl The best evidence of fair value is a quoled price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent iransaclion for an identical asset provid¢s evidence of fair value as long as there has not been a significant change in economic circumstances or a significant laps¢ of time since the transaction took place. If the market 15 nol active and recenl transactions of an identical asset on iheir own are not a good estimate of fair value, the fair value is e5timaled by using a valuation techniqu¢. Page 10
Folkestone Rugby Football Club Notes to the Financial Statements for the Year Ended 30 June 2024 3 Trustees remulleralion and expenses No trustees, nor any peT50ns cOte¢led with them, have received any remuneralion from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. 4 Taxation The charity is a registered charity and is therefore exempi from taxation. 5 Debtors 2024 2023 Other debtors 48,628 51,496 6 Cash and eash equivalents 2024 2023 Cash at bank Short-tenn deposits 74.119 53.907 24,732 74,119 78,639 Bank overdraft5 (24.732) Cash and cash equivalents in statement of cash flows 74,119 53,907 7 Creditors: amounts falling due within one year 2024 2023 Bank overdrdfts Accruals 24,732 ,620 839 839 26,352 8 Funds Balance at I July 2023 Incoming resources Resources expended Balance al 30 June 2024 Unrestricted funds General 79,050 67,295 (54,626) 91,719 Restricted funds 24.732 5,457 30,189 Total funds 103,782 72,752 (54,626) 121,908 Pagell
Folkestone Rugby Football Club Notes to the Financial Statements for tbe Year Ended 30 June 2024 Balance at I July 2022 Incoming resouree5 Resourees expended Balgnce at 30 June 2023 Unrestricted funds General 95,307 60,921 (52.445) 103,783 9 Analysis of net assets between funds Unrestricted funds General Total funds at 30 June 2024 Restricted funds Currenl assets Current liabilities 92,559 (839) 30,188 122,747 (839) Total net assets 91,720 30,188 121,908 Unrestric¢¢d funds General Total funds at 30 June 2023 Restricted funds Cuent assets Current liabilities 105,403 (26.352) 24.732 130.135 (26,352) Total net assets 79,051 24,732 103,783 10 Analysis of net funds AI 30 June 2024 At l July 2023 Cash at bank and in hand Bank overdraft 78,639 {24,732) 53,907 78,639 (24,732 53.907 Net debt 53,907 At 30 June 2023 At l July 2022 Cash at bank and in hand 45,371 45,371 Net debt 45,371 45,371 I l Related party transactions Page 12
Folkestone Rugby Football Club Statement of FinaneRal Activities by fund for the Year Ended 30 June 2024 Unrestricted Funds Total Total Unre51ricted Unrestricted Funds Funds 2024 2023 Income and Endowments from: Donations and legacies Other trading activities Investment income 44,772 22,523 52.080 8,715 126 Total income 67,295 60,921 Expenditure on: Raising funds {54,626) (52,445) Total expenditure {54,626) (52,445) Net income 12,669 8,476 Net movement in funds 12,669 8.476 Reconciliation of funds Total funds brought lonvard 79.050 95,307 Total funds Caled forward 91,719 103,783 This page does not forn] part of the statutory fllwicial statements. Page 13
Folkestone Rugby Football Club Statement of Financial Aetivities by fund for the Year Ended 30 June 2024 Restricted Funds Total Reslrieted Funds 2024 Total Restricled Funds 2023 Incorne and Endowments from: Donations and legacies Investment income 5,046 Total income 5,457 Expenditure on: Net income 5,457 Reconciliation of funds Total funds brought forward 24,732 Total funds carried forward 30,189 This page does not form part of the statutory financial 51atements. Page 14
Folkestone Rugby Football Club Detailed Statement of Financial Activities for the Year Ended 30 June 2024 Total 2024 Total 2023 Income and Endowments from: Donations and Icgacies {analys¢d below) Other trading activities (analysed below) Investment income (analysed below) 49,818 22,523 52.080 8.715 126 Tothl income 72,752 60,921 Expenditure on: Raising funds (analysed below) (54,626) (52,445) Total expenditure (54.626) (52,445) Net income 18,126 8,476 Net movement in ndS 18.126 8,476 Reconciliation of funds Total funds brought forward 103,782 95.307 Total funds carried forward 121,908 103,783 This page does not fonn part of the statutory fmancial statements. Page 15
Folkestone Rugby Football Club Detailed Statement of Financial Activities for the Year Ended 30 June 2024 Total 2024 Total 2023 Donalions and legacies Legacies and bequests Donations & Legacies Legacies and bequests Gift Aid tax reclaimed 2.000 1.912 42,860 3,046 16,134 35,946 49,818 52,080 Other trading dclivities Sponsorship Other trading activities 4,101 4,614 22.523 22.523 8,715 Invesfmenl Income Interesi on Lash deposits Interest on cash deposits 126 411 126 Rai,singfunds Coaching I training costs Physio costs Misc. playing expcnses RL'feree Olle expenses Trade subscriptions Catering costs House and ground maintenance Travel and subsistence Accountancy fees Bank charges (7,855) (4,570) (20,778) (1,265) (1.708) (1,279) (14,320) (1,415) (6,720) (4,595) (27,339) (1,254) (284) (1,667) (468) (7,653) (1,372) (720) (373) (1,079) 357 (54,626) (52,445) This page does not fonn part of the statutory fancial statements. Page 16
Folkestone Rugby Football Club Independent ExamiDer's Report to the trustee5 of Folkestolle Rugby Football Club ('th¢ Company,) I port to the charity mLStees on my examimtion of the accounts of the Company for the year ended 30 June 2024. Respon5ibiliti¢s alld basis of report A5 the charity's tnstee5 of the Company land a150 its directors for the PU0$¢$ of companj lawl yoll are responsible for the prepaTation of the accounts aceoidan¢e with the requirements of the Companies Act 2006 ('Ihe 2(M)6 Act'}. Having satisfled myself thai the arcounts of the Company awe not required to be auditrd under Part 16 of the 2006 Act and are eligible for independent examination, I rep)rt in respect of my examination of your charity's a¢count5 as carried out under section 145 of the ChariLies Aci 2011 ('the 2011 Act-l_ In canying oul my exarnination I have followed the Directions given by the Charity Commission Wlder se£tion l45(5Mb) of the 2011 Aci. Independent examiner's statement I have cotnpl¢ted tThy examiTh&ion. l ¢¢mfm that no matter5 have come io my attention in c4)nThection with the examination giving tne cause io believe". l. accouniing records were not kept in re¥ci of Folkestone Rugby Foothall Club as required by 5¢Ction 386 Of the 2(K>6 Ath,. or 2. the accounts do noi accord with those record5.' or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Aci other than any requirement that the arcounts give a 'true and lair view. whi¢h i5 not a matter considered as part of a independeni eMinatiOn. or 4. the accounts have noi been prepared in accordafjce with the methods and principles of the Ststement of RO[nrnended Prartice lor a¢¢ountiiig and reporting by charities lapplicable to charities preparing their accounts in accordance with the Financial RertIng Sthndard appli¢abl¢ ITh the UK and Republic of Ireland IFRS 102)]. I have should concerns and have Come a¢r055 no other matters in connection WEth th¢ exatnination to which atten(ion drawTr in this repon ir order to enable a proper understsnding of the a¢¢ount5 to be reached. Cat)non d Company Accountants Limited ACCA Unit IA Park Fann Industrial Estate Folkestone Kent CT19 SEY 13 November 2024