REGISTERED COMPANY NUMBER: CE008995 {England and Wales) REGISTERED CHARrrY NUMBER: 1171440 Report of Tru$te•s and Unaudlted Flnancial Statoments for th• Year End 30 June 2024 Mold Rugby Football Clubldwb Rygbl Yr Wyddgrug Salisbury & Company Chartered Accountants Irish Square Upper Denbigh Road St N8aph Denbighshire LL17 ORN
Mold Rugby Football Clublclwb R>Tbl Yr Wyddgrug Contents of Ihe Financlal Statemènts for tho year ended 30 June 2024 Pag• Rèport of the Trustees 1 to 5 Independent Examlnorf$ Roport Statement of Flnan¢ial Adivities Balance Sheat Notes to thè Financial Statements 9 to 16 D•tai1od Slatement of Flnanclal Acllvities 17
Mold Rugby Football Clvblclwb Rygbl Yr Wyddgrug Report of the Trnstees for the year ended 30 June 2024 The trustees who are also directors of the chaiity for the purposes of the Companies Act 20C6. pent their report the financial statements of the charity for the year ended 30 June 2024. The trustees have adopted the provisions of Accounting an¢J Reporbng by Charities: Statemenl of Recommended PraClE applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appli(*ble in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). The trustees present their report and financial statements for the year ended 30 June 2024. Mold RFC attained Charity status on 2 February 2017 and a separate Commerci81 Trndlng Am vrds incorporated on 15 June 2017. The Commercial TrdditYJ Ami is a separate entity and will prepare Èts own finanoal statements which will be filed with Companies House. The financial statements have been prepared in accordance with the accfjunting p)licies set out in note 1 to the financial slatements and comply wth the charity's constitution, the Charilies Act 2011 and 'Accounting and Reporting by Charities: Statement of Recomrnended Practice applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), (as amended for aCUnting periods commencing from 1 January 2016) Page 1
Mold Rugby Football Clublclwb Rygbl Yr Wyddgrug Rèport of Trustees for the year ended 30 June 2024 OBJECTIVES AND ACTMTIES Obj•cttves and aims The objecttves of the CIO are the promotion of community participation in healthy recreation. in parb(xJlar by the promsion of facilities for the aying of rugby football for the benefft of the people of Mold and the surrounding area in parti(lar. but also for the benefit of the wider area. Providing facil[$ for sport, recreation or other leisure tirne for individuals who have need of such facilities by reason of their youth, age. infirniity or disablement, poverty or social c1uMstanceS or for the public at large in the interests of social welfare and with the object of improving their condÉttons of life. Membershlp We have a large membership (450+ members). Membership of the CIO is open to anyone who is interested in furthering its purposes and is on to anyone regardless of gender. age. disability. nationalty, sexual orientation. religion or other beliefs. Facllities The club ublises three piich8s, full svze and one 314 size. a medium sized training area and a 3G trdining area which was rx)mpleted in April 2020. We currently have an informal agreement regarding the shared use of a large car park adjacent to the club and sole use of a smaller car park adjacent to the Leadmills pitthes. The 3G pttch is in the freehold ownership of the Club. Other areas are held under a CBA which Nfds granted by Flintshire County Council in April 2023. Playlng 129 Senior Player5 (17+ years old) aThJ field the followng sides: 1st XV- National League DNision 1 North. 2nd XV- National League Division 3 North 3rd XV- Social side, Vets XV- Social side. Youth XV- NW Youth League East 327 Juniorlmini players (U7 to U16). 80 playets Mini Minis. As Intinue to come out of the global pandemic. V•t have enjoyed another full Rugby season. we have $0 seen an increase in the local community using our facilities. The trustees have paid due regard to guidance issued by the Chaiity Comrni5sion in deciding what activitses the charity should undertake. CBA Communlty Benofft AgreonnL A CBA is effectively an agreement between ourselves and the local counal Nvhereby the management of the facilitie$ we currentty rent frixn the council is transferred to us on a long term lease at favourable rates. The CBA 71] give the Trustees the ability to access more grant funding opportuntbes for capitsl projects. Development Team Within the membership of the club thère are lots of individuals vtho have skills and expetience which will help in securing the lonterm development of the facilities available to the Club and its members. The trustees are keen to tap into this gat resource bul also recognise that those indiwduals have drfferent levels of time commttment they can give. Andrew Whttehead and the Development Team have completed various enquiries for the development of our facilities and conlinues on the four key areas they have tdentified. Operating procedures Commercial operations Facilities devdopmenl Funding The development team will support the tnth in delNering both their short- and lOnteM vision for the dub. This season has seen funding se(JJred for the redeVelopMrt of the main pitch as the first stage of dèveloping the playing facilities at the club. Coaching Oliver Heald Was appointed as senior Head Coach in June 2019 following a successful season as 2nd team head coach in 2018119. Oli boasts an impressive background in rugby coaching and development having played and coached at a high level in London & SE before lttating to the area. Oli has been employed by professional clubs Sardcens and London Irish in both devdopment and elite coaching roles and brings with him a wealth of knOedge, experience and new ideas. th)st impressive is Oli's clear vision as to the development of Tugby at Mold RFC over the next five years, we have added additional High Calibre Coaches to our tearn which include Rhys Williams (Salford Cty Reds, Rugby League) and Joe Jones (Sale Sharks, Rugby Union). From September 2024 the club will have a new head coach in Alex Jones and we are sure that Alex 11 continue to develop our vision for the future. Page 2
Mold Rugby Football Clublclwb Rygbl Yr Wyddgrug Rèport of the Trustees for the year endgd 30 June 2024 Our focus remains on ¢aling a culture vthich rewards the atbtude and application of players and how they contribute to the values of the team. dub. the game of rugby and the local communty. InstillirKJ these behaviours will lead to a long-lemi irnprovement in perfomiance on the pitch and ultimately a healthy and wbrant dub that we and Ihe local cornrnunity can all be proud of. Our volunteers play a hugè part in the SucsS of the Charitys actiwties. Mthether wticipating in or supporting on-field sporting activities or in leading or assisting a prcMJrarn of fijnd-fdising activities that are scheduled throughout the year. Number of volunteers- 157 Committee members- 25 Coaches- 57 Managers- 16 First Aiders- 34 Referees - 25 FINANCIAL REVIEW Total incoming resour for the period was £256.216 and totsl resources expended was f304.990 This resulled in a deficit for the period of £48,774. At 30 June 2024 the UnStriCted resems of the chartty stcod at £291.644. The lotsl amount of free UnstrICted reserves at 30 June 2024 stood at £122.906. At 30 June 2024 the restricted reserves of the charity stOCMI at £116.869. It is the policy of the charity that unrestri¢ted hJnds vthich have not been designated for a specific use should be maintsined at a level equivalent to betsveen three- and six-months expenditure. The trustees consider that reserves at this level will ensure thaL in the event of a signtficant drop in funding. they will be able to continue tt)e charitys current activities while consideration is given to ways in which additional funds may be raised. This level of selVeS has been maintained throughout the year. The trustees acknowtedge their responsibility to idtify. assess. rnitigate and manage risks. The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to these risks. Plans to develop the club facilities are on-going arKI with the upgrade of the all-weather training facility to a 3G surface prior to restrictions the trustees and the development team are now discussing the future priorities for grant funding. These plans will fall under two broad objectives vthich are as follows: Plawng Facilibes - Upgrade of the main pitch to a more robust grass 1¢h will enable the club and local community to provide an income stream to support the charities aims and objecltves. AIIov*4ng the charity to extend its sporting funcbons to potentially indude other sports throughout Ihe year. Club House - Redevelop the current Club House to provid8 a Communty SFrt)rts Hub to serve the immediate and wider communities across a variety of sports. An assessment has tsken place of the grass pitches and improvements are scheduled to start at the end of the 2022123 season with some funding for this aladY secured. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its goveming dUrnent. a deed of trusL and constitutes a limited company. limtted by guarantee. as defined by the Companies Act 2006. Page 3
Mold Rugby Football Clublclwb Rygbi Yr Wvyddgrug Report of the Trustees for the year ènded 30 June 2024 STRUCTUR4 GOVERNANCE AND MANAGEMENT Organi$ational structure The rnanagement of the chariL8ble company is the responsibilty of the trustees are elected under the terms of the CIO nstitUtiOn. all trustees are vdunteers. The truslees can be up to nine in number vA)ich includes representatives from the three sections, Seniorfyouth. Juniors and Minis. Each section will select the reps, they do not need to be chairs of the section and each section can choose from within their committee officers who is elecied to the role of trustee. The two CcKhairs of the charity lead the development of the charity both on and off the pitch and a supported by the other trustees Iwo of which have responsibility for chairing sub committees. Director of Rugby- Playing Committee Club Secretary- Govemance and Compliance The trustees served during the year were: Mr DS Martin Mr C Ellis Mr AW Cottle Mr P Smith Mr AJ Whithehead Mr S Quinton Mr G Flint Mr MD Edwards The charity also has a further two sub committees which are thaired by other volunteers with a responsibility of reporting direcuy to the trustees Treasurer- Finance Committee Commercial Manager- Commercial Committee The Trustees report vms approved by the Board of Trustees REFERENCE AND ADMINISTRATlliE DEfAILS Reglstered Company nurnber CE008995 {ErvJland and Wales) Registered Charfty numb•r 1171440 Registèrèd office The Clubhouse Chester Road Mold Flintshire CH7 1UF Trustees MrA W Colue Mr C Ellis Ms S L Kemwrthy (resigned 719123) Mr D S Martin Mr P Smith Mr A J Whithehead Mr S Quinton Mr G Flint Mr M E EdardS Independent Examln•r Salisbury & Company Chartered Accountants Irish Square Upper Denbigh Road St Asaph Denbighshire LL17 ORN Page 4
Mold Rugby Foolball Clublclwb Rygbl Yr Wyddgrug Rèport of the Trustees for the year endod 30 June 2024 Approved by cder of thè board of trustees on ...... . and signed on its behalf by: Trustee Page 5
Independènl Examinefs Report to the Trust8•s of Mold Rugby Football Clublclwb Rygbl Yr Wyddgrug Independent examinorfs report to the trustees of Mold Rugby Football Clublclwb Rjybi Yr Wyddgrug (Iho Compan) I rewrt to the charity trustees on my examination ofthe accounts of the Company for the year ended 30 June 2024. Responsibilltles and basis of roport As the charitys trustees of the Cornpany (and also its directors for the purpc6es of cxjmpany law) you are responsible for the preparation of the accounts in )rdance the requirements ofthe Cornpanies Act 2006 (Ihe 2006 Acr}. Having satisfied myself that the ac(Dunts of the Company are Mt required to be audited under Part 16 of the 2006 Ad and are eligible for independent examination. I report in respect of my examination of your charivs accounts as carried out under Section 145 of the Charities Act 2011 {Yhe 2011 Act.). In carrwng out my examination I have followed the D1CtionS given by the Charity Commission under Section 145(5) (b) of the 2011 ACL Independent examlMrfs statement Since your charitys gross income exceeded £250.0 ur examiner must be a member of a listed body. I can confim that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales. vthich is one of the listed bodies. I have ¢(Mnpleted my examination. I conffi Ihat matters have come to my attention in connection wth th8 examination giving me cause to believe: accounting records were not kepl in respect of the Company as required by Section 386 of the 2006 Act or the accounts do not accord wtlh those records; or the accounts do not Comply with the accounting requirements of Section 396 of the 2006 Ad other than any requirement that the accounts give a true and frdir view whith És not a malter considered as part of an independent examination. or the accounts have not been prepared in accordan wth the methods and principles of the Statement of Recommended Practice ts accounting rewrting by charilies (applicable to charitres preparing their a(ounts in accordance with th8 Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)). I have no concems arKI have (xe acrctss no olher matters in connection with the examination lo vthrch attention should be drawn in this report in order to enable a proper urKlerstanding of the accounts to be reached. MrAled Roberts FCA Salisbury & Company Chartered Accountants Irish Square Upper Denbigh Road St A5aph Denbighshire LL17 ORN Page 6
Mold Rugby Foolball Clublclwb Rygbl Yr Wyddgrng ststem8nt of Financial Actlvltles for the year ended 30 June 2024 2024 Totsl funds 2023 Total funds Unrestricted fund Restricted fund INCOME AND ENDOWMETrITS FROM Donations and legacies 254.044 243.767 Investment income 2.172 2,172 Totsl 256.216 256.216 244,609 EXPENDrruRE ON Raising funds 285,799 19,191 304,990 258,683 NEf INCOMEI(EXPENDITURE) (29.583) (19,191) (48.774) (14,074) RECONCILIATION OF FUNDS Total funds brought forbfdrd 321.227 136,060 457.287 471.361 TOTAL FUNDS CARRIED FORWARD 291,644 116,869 408,513 45T,287 The notes form part of these financlal ststèments Page 7
Mold Rugby Football Clublclwb Rygbl Yr Wyddgrug Balance Sha•t 30 June 2024 2024 Totsl nds 2023 Total fvnds Unrestricied fund Restricted fijnd FIXED ASSETS Tangible assets Ftxed asset investments 10 11 121.663 115.144 236,807 251.438 121,664 115.144 236,808 251.439 CURRENT ASSErs Debtors Cash at bank 12 110.965 122,906 110,965 124,631 5,285 206.576 1.725 233.871 1,725 235.596 211.861 CREDrroRS Amounts falling due within one year 13 (63.891) (63.891) 16,013) NEf CURRENT ASSETS 169.980 1,725 171.705 205,848 TOTAL ASSETS LESS CURRENT UABILrriES 291,644 116,869 408.513 457.287 NEf ASSETS 291.644 116.869 408,513 457,287 FUNDS Unrestricted fvnds Restricted funds 14 291.644 116,869 321.227 136,060 TOTAL FUNDS 408.513 457.287 The charitable company is entitled to exemption from audti under Sectton 477 of the Companies Act 2006 for the year ended 30 June 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for {a) ensuring that the charitsble company keeps aCAnting records that mplY vth Sections 386 a1 387 of the Companies Act 2006 and preparing finanaal statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financi year and of tts surplus or deficit for each financial year in accordance yth the requirements of Sections 394 and 395 and which othemise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance Vth the proviSic$ applicable to charilable companies subj.ect to the small companies regime. (b) The financial statements were approved by the Board of Trustees and authorised for issue . and were signed on its behalf by: Twstee The notes form part of these financial statements Page 8
Mold Rugby Foolball Clublclwb Rssbi Yr Wyddgrug Notes to the Flnanclal Statsments for the year ended 30 JU 2024 CHARrrY INFORMATION c¥b Rygtri Yr EyddgrUd Rugby Football Club is a Charitable Incorporated Organisation {ClO). ACCOUMllNG POLICIES Basis of preparlng thè financial ststements The financial ststements of the charitable company. vthich is a public benefit entity under FRS 102, 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 accoLtnts in accordance with the Financial Reporbng Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)., Financial Reporting Standard 102 The Financial ReportirKJ Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The charity has taken advantage of provisions in the SORP for tharities applying for FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statemenis are ppared in sterling, is the fijnctional currency of the charity. Monetary amounts in these finan(?al statements are rounded to the nearest £. The financial statements have been prepared under the historical cost conventton. The principal accounting policies adopted are set out below. Going concom At the time of approvirrfJ the financial statements, the trustees have a reasonable expectatton that the charity has adequate resources to continue in operational exi5tete for the foreseeable fuiure. Thus the trustees ntinue to adopt the going (x)ncem basts of accounting in preparing the financial statemenls. Charitable funds Unrestrtcied funds a available for use al the discretion of the trustees in futherance of their charitable objectrves unless the funds have been designated other purposes. Incoming resources Income is recognised when the ¢harity is legally entieS to it after any perf0Than conditions have been me( the amounts can be measured reliably and it is probable that income wll be reived. Cash donations are rec¢JJnised on ceIpt Other donations are recognised once the charity has been rtotified of the donation, unless performance condition5 require deferral of the amount. Income tsx recoverable in relation to donations received under Gift Aid or deeds of Covenant is recognised at the time of the donation. Resources expended Expenditure is accounted for on an accnjals basis. Allocation and apportionment of costs Overhead and support costs are allocaled between charitable activities and g0Veman costs. Tangible fixed assets Tangible fixed assets a iniknally measured al cost and subsequently measured at cost or valuation, net of deplation and any impairment losses. Depreciation is recognised $0 as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: 3G Pitch Leasehold land and buildings Plant and equipment Fixtures and fittings Computer equipment 10% straight line Not depreciated 20Yo straight line 20% straight line 20% straight line The gain or loss arising on the disposal of an asset is detennined as the differenco baen the sale proceeds and the carrying value of the asset and is recognised in net incomel(expendrture) for the year. Impaimiant of fixed assets At each rep)rting end date, the charity rewews the carrying amounts of its tsngible assets to determine whether there is any indicaiion that those assets have suffered an impainnent loss. If any such indication e$ts, th8 recoverable amount ot the asset is estimated in order to detennine the exlent of the irnpaiThent loss {if any). Page 9 continued...
Mold Rugby Foolball Clubl¢lwb RyJbl Yr Wyddgrug Notes to the Flnanclal Statèments - Continued for Ihe year ended 30 Jun• 2024 ACCOUPMNG POLICIES- continued Tangible fixed assets Intangible assets *tyth irKlefintte useful lives arKI intangible assets not yet available for use are tested for impairment annually and whenever there is an indication th8t the asset may be impaired. Fed asset investments Fixed asset investsnents are initially measured at transaction price exduding trdnsaction costs and are subsequenty measured at fair value at each reporting date. Changes in fair yUe are rerx)gnised in n8t incomel(expenditure) for the year. Transaction costs are expensed as incurred. A subsidiary is an entity ccntrolled by the charity. Control is P0r to govern the financial and operating policies of Ihe entity so as to obtain benefits from its actiwties. Fund accounllng Unrestricted fvnds (an be used in accordance with the charitable objectives at the discretion of the truste8S. Restricted funds can only be used for particular restricted purFx>ses within the objects of the charity. Restrictions arÉse %%fien specified by the donor when funds are raised for particular restrided purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial slatements. Cash and cash equivalants Cash and cash equivalents include cash in hand. depo&ts held at call wih banks. other short-term liqutd investments with original maturities of three mnths or less and bank overdrafts. Bank overdrafts are shown within borrowngs in current liabilities. Baslc financial assots Basic financial assets which indude debtors and Gqsh and bank balances are iniknally measured at transactton price including transaction costs and are subsequently carried at amortised cost using the effective interest method unFess the arrangement constitutes a financing transaction. where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial ets classified as receiwable within one year are not amortised. Other financial assots Other financial assets including investments in equity instruments whith are r1 subsidiaries. associate$ or joint venlures are initially measured at fair value. which ts normally the transaction price. Such assets a sUbseqUenY carried at fair value and the Changes in fair value are recognised in net incomel(expenditure). except that investments in equty instruments thal are not publicly traded and whose fair values cannot be measure reliably are measured al cost less imp2imienL Impainnent of financlal assets Finana assets other than those held at fair value through income and expenditure are assessed for indicators of impairnent at each rewrttng date. Financial assets are impaired wh8re there is objecbve evidence that as a result of one or more events that occurred after the initial recognition of the financial asseL the estimated futu cash flows have been affected. If an asset is impaired. the Èmpairment loss is the difference bet%en the c8rying amount and the present value of the estimated cash flows discounted at the asseys original effective Inte$t rate. The impaimient loss is re¢ognised in the net incomel(expenditure) for the year. If there is a decrease in the impaimient loss arising from an event occurring after the impaiment was recognised. the impaimient is reversed. The reversal is such that the current caryying amount does not exed what the CalFMj amount Vuld have been had the impaim)ent not previously been recognised. The impairment reversal is recc#3nised in net incomellexpenditure) for the year. Derecognltlon of financial ass Finan(ial assets are derecognised onty vthen the ntractUal rights to the cash flows from the asset expire or are settled. or when the charity transfers the financial asset and substantially all the risk and rewards of ownership to another entity. or rf some significant risks and rewards of ownership are relained but control of the asset has transferred to another paty that is able to sell the asset in its entity to an unrelated third party. Basic financlal liabllttles Page 10 continued...
Mold Rugby Football Clublclwb Rygbl Yr Wyddgrug Notes to the Flnan¢ial Statements - contlnu•d for the year ended 30 June 2024 ACCOUNTING POLICIES - continued Cash and cash equivalents Basic financial liabilities induding creditors ar bank loan are Initially recognised at transaction price unless the arrangement constitutes a financing transaction where the debt instnjment is measured at the present value of the fuiure payments discounted at a market rate of interesL Financial liabiltties dasstfied as payable thIn one year are not amorknsed. Debt instruments are subsequently carrTred at amorbsed $t. using the effective interest rate method. Trade ¢reditOfS re obligations to pay for goods or services that have been acquired in the ordinary course of operattons from suppliers. Amounts payable are dassffied as current liabilities rf payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequenty measured at amorbsed cost using the effective interest method. Dore¢ognilion of financlal Ilabilitios Financial liabilities are dererx)gnised vthen the chartys contractual obligations expire or aré discharged or cancelled. Ponsion costs and other post4•tiroment beneffts The charitable company operates a defined contribulion pension scheme. Contributions payable to the charitable companys penSIc scheme are ¢harge(I to the Statement of Financial Activities in the period to which they relate. Donated services The basis of valuation for donated services of volunteers is that de8med costs a rKJt T8cognised within the statemerbt of financial 2divilies. Grant funding Revenue grants received recognised as income when received. Capital grants are also recognised as income tyen received in line with the Charity SORP. DONATIONS AND LEGACIES 2024 2023 Donations and sponsorship Other general grants Tours and festivals Membership fees AdverlÈsing irmme Intemational ticket sales 36,033 42.735 100.4g5 70.465 926 3.390 34.532 18.607 108,213 75.288 1.877 5,250 254.044 243.767 INVESTMENT INCOME 2024 2023 Deposit account interest 2.172 Page11 continued...
Mold Rugby Football Clubl¢lwb Rygbl Yr Wyddgrug Notes to Ihè Flnanclal Slatoments - continued for the year endod 30 June 2024 SUPPORT COSTS Govemance Management Maintenan Totals Raising donations and legacies 175,076 11.509 89,323 8,906 284.814 Support o)sts, included in the above, are as follows: 2024 Raising donations and legacies 2023 Total activities Purchases Depreciation and impaim8nt Rates and water Insurance ght and heat Travel, tour and accommodation cbthinglkit purchased Functions, events arKI socials Sundries Credit card charges Repairs and renevRIs Cleaning Audit fees Professional fees 29,960 22.974 1,472 12,537 1715) 108.848 6,234 3.661 1,051 563 87.726 1.597 2,560 6,346 27.979 22,077 717 13,676 23,357 107.060 5.318 806 924 611 27.142 3.874 1.300 6,102 284.814 240,943 NEf INCOMEIIEXPENDrruRE) Net incomel{expenditure) is stated after Chargin{Crediting). 2024 2023 Audit fees Depwiation - owned assets Hire of plant and machinery Other operating leases 1.300 22.076 27.979 22.077 22.974 29,960 22,974 TRUSTEES. REMUNERATION AND BENEFITS The trustees received no form of remuneration or benefits from the charity during the year. Trustkns. oxp•nses During the year trteeS were reimbursed for expenses totalling £NIL12023: £1.075)- expenses were in relation to rugby balls. footballs, pitth hire etc Page 12 continued...
Mold Rugby Football Clublclwb Rygbi Yr Wyddgrug Notes to the Financlal Slatements - continu for thè year ended 30 June 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivmES Unrestric*ed nd Restricted fvnd TOL81 lunds INCOME AND ENDOWMENTS FROM Donations and legacies 243.767 243,767 Investment income Total 244.609 244.609 EXPENDITURE ON Raisiro funds 239.492 19.191 258,683 NEf INCOMEI(EXPENDITURE) 5.117 (19,191) (14,074) RECONCILIATION OF FUNDS Total funds brought fomrd 316.110 155.251 471,361 TOTAL FUNDS CARRIED FORWARD 321.227 136.060 457,287 EMPLOYEES The average number of emF4oyees during the year was NIL (2023- NIL). 10. TANGIBLE FIXED ASSErs Freehokl property Long leasehold Plant and machinery COST At 1 July 2023 Additions 191.907 107,418 16.290 125 At 30 June 2024 191.907 107.418 16,415 DEPRECIATION At 1 July 2023 Charge for year 57,572 19.191 15.750 194 At 30 June 2024 76.763 15,944 NEf BOOK VALUE At 30 June 2024 115.144 107,418 471 At 30 June 2023 134,335 107,418 540 Page 13 continued...
Mold Rugby Football Clublclwb R>Tbi Yr Wyddgrug Notes to the Flnan¢lal Statemènts - continued for the year ended 30 June 2024 10. TANGIBLE FIXED ASSEfs - continued Fixtures and ffttings COmpur equipment Totals COST At 1 Juty 2023 Additions 22.281 2.233 2.483 5.985 340,379 8,343 At 30 Jun8 2024 24.514 8.468 348.722 DEPRECIATION At 1 July 2023 Charge for year 14.729 2,803 88.941 22.974 786 At 30 June 2024 17.532 1.676 111.915 NEf BOOK VALUE At 30 June 2024 6,792 236,807 At 30 June 2023 7,552 1.593 251.438 11. FIXED ASSET INVESTMEKrs Investment in subsidiary MARKEf VALUE At 1 July 2023 and 30 June 2024 NEf BOOK VALUE At 30 June 2024 At 30 June 2023 1Z DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2024 2023 Trade debtors Amounts owed by group undertakings Other debtors Prepayments 10,340 3.570 52.023 45.032 5.233 52 110.965 5,285 Included within debtors is an amount owed of £3.570 (2023- £5233) by group undertakings which relates to monies owed from Mold Rugby Football Club (Trading) Limited. The charity owns all of the issued Sha capital of Mold Rugby Football Club ffrading) Limited. I loan amounts are interest free and repayable on demand. Page 14 continued...
Mold Rugby Football Clublclwb Rygbi Yr Wyddgrug Notes to the Financial SLeMents - continued for tho year ended 30 June 2024 13. CREDrroRS: AMoupTfs FALLING DUE wrrHIN ONE YEAR 2024 2023 Trade creditors Accru8ls and defeThed Incorne Accrued expenses 32,272 27,890 3.729 2.004 4,009 63.891 6.013 Induded wilhin a¢uuals and deferred income is an amount of £914 for deferred income relating io adverbsement income. £5.661 relating to ticket sales which ¢overs pertod after the year end and £27.890 relating to income received for the 2025 Junior tour. 14. MOVEMEKf IN FUNDS Net movemént in funds At 1nr23 3016124 Unrestrlcted funds General fund 321,227 {29.583) 291.644 Rostricted funds WRU Facilities Grant 136,060 (19.191) 116.869 TOTAL FUNDS 457,287 (48.774) 408.513 Net movement in fvnds. included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrictsd funds General fund 256.216 (285,799) (29.583) Restri¢ted funds WRU Facilities Grant (19.191) {19.191) TOTAL FUNDS 256,216 (304,990) (48.774) Comparalivos for movoment In funds Net movement in funds At 117122 3016123 Unrèstricted funds General fund 316.110 5,117 321,227 Restricted funds WRU Facilities Grant 155.251 {19,191) 136.060 TOTAL FUNDS 471.361 (14,074) 457.287 Page 15 c0nnUed...
Mold Rugby Football ClulAlclwb Rygbl Yr Wyddgrug Notes to the Financlal Stst•nents - ¢ontlnued for the year ended 30 Juno 2024 MOVEMENT IN FUNDS - continuad Cc4mparative net movement in funds. included in the above are as follows: Incoming resources Resources expended ernent in funds Unrèstrfcted funds General fund 244.609 (239,492) 5.117 Restricted funds WRU Facilities Grant {19,191) (19.191) TOTAL FUNDS 244.609 {258,683) 114,074) A current year 12 months and prior year 12 months combined posilion is as follows: Net movement in funds At 117122 3016124 Unr•strlcted funds General fvnd 316.110 (24.466) 291,644 Rèstricted funds WRU Facilittes Grant 155.251 (38,382) 116,869 TOTAL FUNDS 471.361 (62,848) 408,513 A current year 12 month5 and prior year 12 months wmbined net movement in funds. included in the above are as follows: Incoming resources Resources expended vement in funds Unrestri¢ted funds General fiJrKJ 500,825 (525.291) (24.466) Restricted funds WRU Facilities Grant (38.382) (38.3821 TOTAL FUNDS 500,825 (563.673} {62,848) 15. RELATED PARTY DISCLOSURES The enti share capital of Mold Rugby Football Club (frading) Limited is owned by the charity Motd Rugby Fwtball Clublclwb Rygbi Yrwyddgrug. The is no bank account in the tradiThJ company so all trade goes through the charity and is Ihen transferred into the trading subsidiary. As at 30th June 2023, there were covenants totalling £9.867 due from Mold Rugby Club Trading LimÉted in relation to profits for the year. This was paid on 31st March 2024. Page 16
Mold Rugby Football Clublclwb Rygbi Yr WyddgTug Detailed Statement of Finan¢lal Activities for the year ended 30 June 2024 2024 2023 INCOME AND ENDOWMENTS Donations andlggacles Donations and sponsorship Other generdl grants Tours and festivals Membership fees Adverbsing income Intemational ticket sales 36.033 42,735 1CQ,495 70,465 926 3.390 34.532 18.607 108.213 75288 1.877 5,250 254.044 243,767 Investment income Deposit account interest 2,172 Totsl incoming resources 256.216 244.609 EXPENDrruRE Other trading activilios Wages 18.686 16.123 Investment management costs Rent collection 1.490 1.617 Support costs Management Purchases Depreciation and impaimient Rates and waier Insurance Light and heat Travei. tour and accommodation 29.960 22,974 1.472 12.537 (715) 108.848 27,979 22,077 717 13.676 23,357 107.060 175,076 194.866 Oth•r costs Clothinglkit purchased Functions. events and socials Sundries Credit card charges 6,234 3,661 1.051 563 5,318 806 924 611 11,509 7,659 Malntsnanee Repairs and renewpls Cleaning 87,726 1.597 27,142 3.874 89.323 31.016 Govemance costs Audit fees Professional fees 2.560 6,346 1,300 6.102 8.906 7.402 Total resources expended 304.990 258,683 Net oxpendlture {48,774) (14.074) This page does not fonn part ofthe ststutory financial staternents Page 17