| Page | |||||
|---|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 7 | ||
| Independent Examiner's |
Report | ||||
| Statement ofFinancial | Activities | ||||
| Balance Sheet | 10 | to | 11 | ||
| Cash Flow Statement | 12 | ||||
| Notes to the Cash Flow | Statement | 13 | |||
| Notes to the Financial Statements | 14 | to | 24 | ||
| Detailed Statement ofFinancial | Activities | 25 | to | 26 |
| fo | r the Year Ended 30June | 2023 | ||||
|---|---|---|---|---|---|---|
| 30.6.23 | 30.6.22 | |||||
| Unrestricted | Total | |||||
| fund | funds | |||||
| Notes | ||||||
| INCOME | AND ENDOWMENTS | FROM | ||||
| Donations | and legacies | 110,066 | 103,263 | |||
| Charitable | activities | |||||
| Charitable | 12,750 | |||||
| Other trading activities | 84,140 | 77,080 | ||||
| Total | 194,206 | 193,093 | ||||
| EXPENDITURE ON | ||||||
| Charitable | activities | |||||
| Charitable | 247,668 | 197,640 | ||||
| NET INCOME/(EXPENDITURE) | (53,462) | (4,547) | ||||
| RECONCILIATION | OF FUNDS | |||||
| Total funds | brought forward |
1,074,026 | 1,078,573 | |||
| TOTAL FUNDS CARRIED FORWARD | 1,020,564 | 1,074,026 |
| Balance Sheet 30June 2023 |
||||
|---|---|---|---|---|
| 30.6.23 | 30.6.22 | |||
| Unrestricted | Total | |||
| fund | funds | |||
| Notes | ||||
| FIXEDASSETS | ||||
| Tangible assets | 10 | 1,884,623 | 1,541,946 | |
| Investments | 11 | 5 | 5 | |
| 1,884,628 | 1,541,951 | |||
| CURRENT ASSETS | ||||
| Debtors | 12 | 132,869 | 83,992 | |
| Cash at bank | 5,618 | 68,743 | ||
| 138,487 | 152,735 | |||
| CREDITORS | ||||
| Amounts falling due within |
one year | 13 | (169,115) | (24,615) |
| NET CURRENT ASSETS | (30,628) | 128,120 | ||
| TOTAL ASSETSLESSCURRENT | ||||
| LIABILITIES | 1,854,000 | 1,670,071 | ||
| CREDITORS | ||||
| Amounts falling due after more than one year |
14 | (833,436) | (596,045) | |
| NET ASSETS | 1,020,564 | 1,074,026 | ||
| FUNDS | 17 | |||
| Unrestricted funds |
1,020,564 | 1,074,026 | ||
| TOTAL FUNDS | 1,020,564 | 1,074,026 |
| for the Year Ended | 30June 2023 | |||||
|---|---|---|---|---|---|---|
| 30.6.23 | 30.6.22 | |||||
| Notes | ||||||
| Cash flows from operating | activities | |||||
| Cash generated Irom operations |
174,778 | 8,037 | ||||
| Interest paid | (34,016) | (16,587) | ||||
| Net cash provided by/(used |
in) | operating activities |
140,762 | (8,550) | ||
| Cash flows from investing | activities | |||||
| Purchase oftangible fixed |
assets | (356,654) | (19,817) | |||
| Net cash used in investing | activities | (356,654) | (19,817) | |||
| Cash flows from financing | activities | |||||
| New loans in year | 161,102 | 45,000 | ||||
| Loan repayments in year |
(8,335) | (6,668) | ||||
| Net cash provided by financing |
activities | 152,767 | 38,332 | |||
| Change in cash and cash |
equivalents | in the | ||||
| reporting period |
(63,125) | 9,965 | ||||
| Cash and cash equivalents | at | the beginning | ||||
| ofthe reporting period |
68,743 | 58,778 | ||||
| Cash and cash equivalents | at | the end | ofthe | |||
| reporting period |
5,618 | 68,743 |
| Notes to the Cash Flow Statement for the Year Ended 30June 2023 |
Notes to the Cash Flow Statement for the Year Ended 30June 2023 |
Notes to the Cash Flow Statement for the Year Ended 30June 2023 |
|||||
|---|---|---|---|---|---|---|---|
| RECONCILIATION | OF NET EXPENDITURE TO NET CASH FLOW FROM | OPERATEVG | ACTIVITIES | ||||
| 30.6.23 | 30.6.22 | ||||||
| Net expenditure for the reporting |
period (as per the Statement of | ||||||
| Financial Activities) | (53,462) | (4,547) | |||||
| Adjustments | for: | ||||||
| Depreciation | charges | 13,976 | 13,165 | ||||
| Interest paid | 34,016 | 16,587 | |||||
| New loans | 86,269 | ||||||
| Amounts due |
&om | group undertakings | (33,064) | (12,183) | |||
| Increase in debtors | (15,812) | (12,321) | |||||
| Increase in creditors | 142,855 | 7,336 | |||||
| Net cash provided | by | operations | 174,778 | 8,037 | |||
| ANALYSIS | OF CHANGES IN NET DEBT | ||||||
| At 1.7.22 | Cash flow | At 30.6.23 | |||||
| Net cash | |||||||
| Cash at bank | 68,743 | (63,125) | 5,618 | ||||
| 68,743 | (63,125) | 5,618 | |||||
| Debt | |||||||
| Debts falling | due within | 1 year | (6,668) | (1,646) | (8,314) | ||
| Debts falling | due after | 1 year | (596,045) | (237,391) | (833,436) | ||
| (602,713) | (239,037) | (841,750) | |||||
| Total | (533,970) | (302,162) | (836,132) |
| 2. | DONATIONS | AND LEGACIES | AND LEGACIES | ||||
|---|---|---|---|---|---|---|---|
| 30.6.23 | 30.6.22 | ||||||
| Donations | 39,826 | 31,894 | |||||
| Adult Subscriptions | 29,498 | 30,385 | |||||
| Mini's 8cJuniors Subscriptions | 40,742 | 40,984 | |||||
| 110,066 | 103,263 | ||||||
| 3. | OTHER TRADING ACTIVITIES | ||||||
| 30.6.23 | 30.6.22 | ||||||
| Miscellaneous | income | 27,537 | 27,070 | ||||
| Sponsorships | 28,233 | 18,031 | |||||
| AGP income | 18,820 | 16,979 | |||||
| Storage and parking | 9,550 | 15,000 | |||||
| 84,140 | 77,080 | ||||||
| 4. | INCOME FROM CHARITABLE ACTIVITIES | ||||||
| 30.6.23 | 30.6.22 | ||||||
| Activity | |||||||
| Grants | Charitable | 12,750 | |||||
| Grants received, included | in the above, are as follows: | ||||||
| 30.6.23 | 30.6.22 | ||||||
| Local authority | grant | 950 | |||||
| RFU Facility Improvement | Grant | 11,800 | |||||
| 12,750 | |||||||
| 5. | SUPPORT COSTS | ||||||
| Governance | |||||||
| Finance | Other | costs | Totals | ||||
| Charitable | 2,680 | 34,016 | 5,499 | 42,195 |
| 30.6.23 | 30.6.22 | |||
|---|---|---|---|---|
| Depreciation | - owned assets | 13,977 | 13,164 | |
| INDEPENDENT | EXAMINER REMUNERATION |
| COMPAR | ATIVES F | OR THE ST | ATEMENT OF FINANCIAL ACTI | VITIES |
|---|---|---|---|---|
| Unrestricted | ||||
| fund | ||||
| INCOME | AND ENDOWMENTS | FROM | ||
| Donations | and legacies | 103,263 | ||
| Charitable | activities | |||
| Charitable | 12,750 | |||
| Other trading activities |
77,080 | |||
| Total | 193,093 | |||
| EXPENDITURE ON | ||||
| Charitable | activities | |||
| Charitable | 197,640 | |||
| NET INCOME/(EXPENDITURE) | (4,547) | |||
| RECONCILIATION | OF FUNDS | |||
| Total funds | brought forward |
1,078,573 | ||
| TOTAL FUNDS CARRIED FORWARD | 1,074,026 |
| for the Year | Ended 30June | 2023 | ||||
|---|---|---|---|---|---|---|
| 10. | TANGIBLE FIXEDASSETS | |||||
| Freehold | Fixtures | |||||
| land and | Plant and | and | Computer | |||
| property | machinery | fittings | equipment | Totals | ||
| COST | ||||||
| At 1 July 2022 | 1,493,622 | 98,365 | 1,015 | 4,851 | 1,597,853 | |
| Additions | 333,696 | 21,155 | 1,803 | 356,654 | ||
| At 30June 2023 | 1,827,318 | 119,520 | 2,818 | 4,851 | 1,954,507 | |
| DEPRECIATION | ||||||
| At 1 July 2022 |
53,055 | 58 | 2,794 | 55,907 | ||
| Charge for year | 13,169 | 451 | 357 | 13,977 | ||
| At 30June 2023 | 66,224 | 509 | 3,151 | 69,884 | ||
| NET BOOK VALUE | ||||||
| At 30June 2023 | 1,827,318 | 53,296 | 2,309 | 1,700 | 1,884,623 | |
| At 30June 2022 | 1,493,622 | 45,310 | 957 | 2,057 | 1,541,946 | |
| 11. | FIXEDASSET INVESTMENTS |
| Nature ofbusiness: Sports and re |
creation club trading activities |
||
|---|---|---|---|
| 'lo | |||
| Class ofshare | holding | ||
| Ordinary 11 | 100 | ||
| 30.6.23 | 30.6.22 |
| 30.06.23 | 30.06.22 | |||
|---|---|---|---|---|
| Turnover | ||||
| 294,651 | 125,509 | |||
| Other Income | 51,890 | 78,986 | ||
| Cost ofSales | (212,857) | (99,044) | ||
| Administration | expenses | (132,387) | (102,811) | |
| Finance costs | (1,297) | (2,640) | ||
| Net profit/(loss) | for the year | |||
| Represented | by: | |||
| Assets | 88,247 | 46,656 | ||
| Liabilities | (88,243) | (46,652) |
| Nature ofbus | iness: Investment ofLand and Buildings |
||
|---|---|---|---|
| 'ro | |||
| Class ofshare | holding | ||
| Ordinary f.I |
100 | ||
| 30.6.23 | 30.6.22 | ||
| Aggregate capital and reserves |
|||
| DEBTORS: | AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 30.6.23 | 30.6.22 | ||
| Trade debtors | 9,051 | 4,878 | |
| Amounts owed by group undertakings |
94,819 | 61,754 | |
| Other debtors | 3,667 | 17,360 | |
| VAT | 23,754 | ||
| Prepayments | and accrued income | 1,578 | |
| 132,869 | 83,992 |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|
| 30.6.23 | 30.6.22 | |
| Other loans (see note 15) | 8,314 | 6,668 |
| Fixed asset creditors | 155,325 | |
| VAT | 145 | |
| Other creditors | 16,050 | |
| Accrued expenses | 5,476 | 1,752 |
| 169,115 | 24,615 | |
| CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||
| 30.6.23 | 30.6.22 | |
| Bank loans (see note 15) | 546,264 | 546,264 |
| Other loans (see note 15) | 287,172 | 49,781 |
| 833,436 | 596,045 |
| Handelsbanken | Handelsbanken 2 |
RFU Loan | LTA Loan | |||
|---|---|---|---|---|---|---|
| Commencement | Date | 07/02/2022 | 01/11/2022 | 01/06/2022 | 01/03/2023 | |
| Loan Term | 5 years | 5 years | 10years | 10years | ||
| Interest Rate | 2.75/o over SONIA | 2.75'ro over SONIA | 2'i'o | Nil'i'0 | ||
| Interest Payment | Date | Quarterly | Quarterly | Monthly | ||
| Interest Only Period | 5 years | 5 years | 2 years | |||
| 50'ro due quarterly | 8 equal annual | |||||
| over 5 years; 50'10 | Monthly | over 8years | instalments from |
|||
| Repayment | In full on maturity | due on maturity | from June 2024 | August 2025 |
| 30.6.23 | 30.6.22 |
|---|---|
| 546,264 | 546,264 |
| MOVE | MENT | IN FUNDS | |||||
|---|---|---|---|---|---|---|---|
| Net | |||||||
| movement | At | ||||||
| At 1.7.22 | in funds | 30.6.23 | |||||
| Unrestricted | funds | ||||||
| General | fund | 1,074,026 | (53,462) | 1,020,564 | |||
| TOTAL | FUNDS | 1,074,026 | (53,462) | 1,020,564 | |||
| Net movement | in funds, included | in the above are as follows: | |||||
| Incoming | Resources | Movement | |||||
| resources | expended | in funds | |||||
| Unrestricted | funds | ||||||
| General | fund | 194,206 | (247,668) | (53,462) | |||
| TOTAL | FUNDS | 194,206 | (247,668) | (53,462) | |||
| Comparatives | for movement | in | funds | ||||
| Net | |||||||
| movement | At | ||||||
| At 1.7.21 | in funds | 30.6.22 | |||||
| Unrestricted | funds | ||||||
| General | fund | 1,078,573 | (4,547) | 1,074,026 | |||
| TOTAL | FUNDS | 1,078,573 | (4,547) | 1,074,026 |
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| resources | expended | in funds | |||
| Unrestricted | funds | ||||
| General | fund | 193,093 | (197,640) | (4,547) | |
| TOTAL | FUNDS | 193,093 | (197,640) | (4,547) |
| Detailed Statement of Financial | Activities | ||||
|---|---|---|---|---|---|
| for the Year Ended 30 June | 2023 | ||||
| 30.6.23 | 30.6.22 | ||||
| INCOME AND ENDOWMENTS | |||||
| Donations and legacies Donations Adult Subscriptions Mini's &Juniors Subscriptions |
39,826 29,498 40,742 |
31,894 30,385 40,984 |
|||
| 110,066 | 103,263 | ||||
| Other trading activities Miscellaneous income Sponsorships AGP income Storage and parking |
27,537 28,233 18,820 9,550 |
27,070 18,031 16,979 15,000 |
|||
| 84,140 | 77,080 | ||||
| Charitable activities Grants |
12,750 | ||||
| Total incoming resources |
194,206 | 193,093 | |||
| EXPENDITURE | |||||
| Charitable activities Rates and water Advertising Sundries Players kit and equipment Coaching fees Physiotherapy fees Grounds costs Miscellaneous playing expenses Travelling costs Recharges of salaries Player catering costs VAT partial exemption adjustment Plant and machinery Fixtures and fittings Computer equipment |
968 2,076 30,801 19,903 7,369 19,515 7,886 5,531 54,829 26,510 16,109 13,169 450 357 |
886 1,199 7,878 23,484 13,492 7,807 7,617 11,777 9,115 77,000 12,088 58 1,019 |
|||
| 205,473 | 173,420 |
| Lymrn RFC Limited | |||||
|---|---|---|---|---|---|
| Detailed Statement ofFinancial Activities | |||||
| for the Year Ended 30June 2023 | |||||
| 30.6.23 | 30.6.22 | ||||
| Support costs | |||||
| Finance | |||||
| Bank charges | 2,680 | 3,303 | |||
| Other | |||||
| Bank interest | 574 | 255 | |||
| Loan | 33,442 | 16,332 | |||
| 34,016 | 16,587 | ||||
| Governance | costs | ||||
| Independent | Examiner's | remuneration | 4,319 | 3,545 | |
| Accountancy | and legal | fees | 1,180 | 785 | |
| 5,499 | 4,330 | ||||
| Total resources | expended | 247,668 | 197,640 | ||
| Net expenditure | (53,462) | (4,547) |