## **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 Burlin￿On 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 T￿atIOn 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 bO￿owingS are initially recorded at fair value. net of transaction costs. Interest-bearing
bO￿owingS 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 CU￿ent 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 a￿angemen1 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 f￿ed 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 cU￿encY 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 inSt￿mentS to reduce exposure to foreign exchange risk and interest rate
n]ovements. The Chi￿1ty 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 cOt￿e¢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
Cu￿ent 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 Ca￿led 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
O￿lle 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 f￿ancial 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 PU￿0$¢$ 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 e￿MinatiOn. or
4. the accounts have noi been prepared in accordafjce with the methods and principles of the Ststement of
R￿O[nrnended Prartice lor a¢¢ountiiig and reporting by charities lapplicable to charities preparing their
accounts in accordance with the Financial Re￿rtIng 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