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2023-06-30-accounts

Registered in England Charity No. 1172480

WYMONDHAM COMMUNITY RUGBY TRUST

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

WYMONDHAM COMMUNITY RUGBY TRUST

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

CONTENTS

Page
Trustees' report 1-8
Audit Report 9-11
Consolidated Statement of financial activities 12
Consolidated Balance sheet 13
Parent Balance sheet 14
Consolidated Statement of cash flows 15
Parent Statement of cash flows 16
Notes to the financial statements 17-31

WYMONDHAM COMMUNITY RUGBY TRUST TRUSTEES' REPORT

FOR THE YEAR ENDED 30 JUNE 2023

The trustees present their report and financial statements for the year ended 30 June 2023

Reference and administrative information

Registered charity name Wymondham Community Rugby Trust
Charity number 1172480
Registered address Wymondham RFC
Barnard Fields
Bray Drive
Wymondham
Norfolk
NR18 0GQ
Trustees Peter Barry (resigned 26 May 2023)
Paul Wootton
Peter Agate (resigned 26 May 2023)
Kevin Scott (appointed 26 May 2023)
Clare Sisson (appointed 26 May 2023)
Christopher Perry (appointed 26 May 2023)
Peter Hogston (appointed 19 May 2023)
(resigned 14 September 2023)
Finbar Conway
Colin Evans (resigned 26 May 2023)
David Clover
Duncan Anderson Brown
Dr John Snape
Anita Coleman (resigned 26 May 2023)
Ben Saggers (appointed 2 January 2024)
Accountants Lake Accountancy Limited
Pilgrim Suite, Ketteringham Hall
Church Lane, Ketteringham
Wymondham
Norfolk
NR18 9RS
Auditors Price Bailey LLP
Anglia House, 6 Central Avenue
St Andrews Business Park
Thorpe St Andrew
Norwich
NR7 0HR
Bankers Barclays Bank plc
45 Market Street
Wymondham
Norfolk
NR18 0AL
Solicitors Howes Percival LLP
Flint Buildings
1 Bedding Lane
Norwich
Norfolk
NR3 1RG

Page 1

WYMONDHAM COMMUNITY RUGBY TRUST TRUSTEES' REPORT

FOR THE YEAR ENDED 30 JUNE 2023

OBJECTIVES AND ACTIVITIES

  1. To promote the participation in healthy recreation for public benefit in Wymondham and South Norfolk and their surrounding communities by providing facilities and coaching for the playing of amateur rugby.

  2. 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, or social and economic circumstances.

  3. To provide facilities for the public at large in the interests of social welfare and with the object of improving their conditions of life.

PUBLIC BENEFIT

The Trustees have considered the Charity Commission's guidance on public benefit, and confirm that in planning and carrying out the Trust's activities they have had regard to this guidance.

ACHIEVEMENTS AND PERFORMANCE

Financial Management

Financial Review

The Trust operate the rugby and charitable activities, whilst commercial operations are undertaken by the trading subsidiary, Wymondham RFC Trading Ltd (company number 11525763). The expectation being that the latter funds contributes towards funding the activities of the former.

Consolidated Position

The Consolidated position includes both the Trust and Trading Company. Total income (Consolidated position) amounted to £694,703 (PY: £682,938) and after expenditure of £732,947 (PY: 661,407), the net movements in funds for the year amounted to a loss of (£38,244) (PY: surplus of £21,531).

The financial performance for 2022/2023 included two exceptional items which were not anticipated; which were the write off historic fixed assets amounting to a recognised loss of £9,520 and a correction to a historic VAT error on memberships amounting to a recognised loss of £6,805. The combined effect of both of these exceptional items amounted to £16,325.

Non-cash depreciation amounted to £48,955 for the year (PY: £53,092).

The Trust generated £47,128 of net cash increases during the year (PY: £21,513).

The Trustees consider the financial position at the period end to be satisfactory and confirm that the Trust can meet all known obligations.

Trading Subsidiary (Wymondham RFC Trading Ltd)

Due to the levels of other trading activities the Trust operates a trading subsidiary 'Wymondham RFC Trading Ltd' (company number 11525763) which commenced trading from 1st July 2019 . The Trust owns 100% of the shares in Wymondham RFC Trading Ltd, which is incorporated in the UK.

Total income amounted to £450,262 (PY: £371,494) and after expenditure of £289,829 (PY: £243,091), the net profit £160,433 (PY: £128,403) which has been included as a gift aid donation to the Trust.

Page 2

WYMONDHAM COMMUNITY RUGBY TRUST TRUSTEES' REPORT

FOR THE YEAR ENDED 30 JUNE 2023

Financial management

The Club produces annual budgets, which are periodically reviewed during the trading period in light of updated management information and key performance indicators. These budgets and associated management information are shared with the Board of Trustees regularly, and there are clear control protocols in place around payments, capital purchases and cash management to ensure the financial assets of the Club remain well managed.

Risk Management

Overarching approach

The Trustees are responsible for the management of the risks faced by the Trust. Risks are identified, assessed and controls are established throughout the year and formal review of the charity's risk management processes is undertaken on an annual basis. The major risks identified by this process have been mitigated to an acceptable level by internal control systems, insurance cover and other factors as appropriate.

The Business Risk Model operated by the charity focuses on five key areas: Risk Identification, Risk Mitigation, Strategic Risks, Core Risks, and the Risk Register.

The fundamental risks facing the charity are:

• During the reporting period the charity has adopted a risk-based operational approach taking into consideration the ongoing impact of the pandemic and associated guidance from relevant statutory bodies, Public Health England, and the Rugby Football Union, with an emphasis on the wellbeing of the Club community to ensure the safe delivery of rugby activities on site whenever possible.

Financial risks and reserves policy

The Club currently has unrestricted current assets of £408,109 (PY: £353,700). The Trustees propose that reserves totalling £150,000 are held to cover income, expenditure, and known strategic risks to the financial position of the Trust. Reserves above £150,000 together with dedicated fundraising can be invested in new capital projects, subject to Board approval.

Data risks

To help mitigate data risks the Club has moved to Google Workspace for its email hosting, digital file management and productivity suite. As a registered charity, the Trust gets all the functionality of Google Workspace free, thus reducing operating cost. It also provides a secure centralised digital file management system with different levels of access allowing sharing and access of information throughout the organisation ensuring control compliance. Productivity tools including centralised data, mail, calendar, and contacts with the potential to significantly improve efficiency and effectiveness of communication in the Club which is heavily reliant on volunteers. It also contributes to GDPR and safeguarding compliance.

Page 3

WYMONDHAM COMMUNITY RUGBY TRUST TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2023

Playing Report

Senior Rugby - Men

The senior men have made notable improvements from last season. We have a young dynamic group of players that are settling structurally with a desire to improve the Club's standing within Eastern Counties. We were unfortunate to lose several key players with long term injuries last season.

The integration of last season's colts has been a great success. This is credit to the age grade/colts coaches and the senior men's squad creating the right environment for them to thrive.

The senior men's squad is growing, and we have had many new players join throughout the season. The retention these new players again is a credit to the atmosphere created by making anyone welcome to our great Club, no matter age, ability or experience.

Senior Rugby - Women

The season began well with good numbers attending pre-season and new players arriving. The team achieved their targets for the year: a top half table finish, winning the Norfolk cup and achieving a mixture of player development, progression and enjoyment.

For the first time we have seen players progressing up from the Youth team who have provided some excellent first team performances. The Youth girls have also attended Senior team training to encourage cohesion and future progression.

Many players have continued to play different formats of the game such as league and touch, with active communications between teams encouraging participation.

Youth Rugby Report

Overall, a very successful year for both the girls' and boys' youth teams, 196 boys and 35 girls registered. Strong coaching setup in all the boys' teams, and a new girls' head coach, all supported by good adminstration.

All boys' youth age groups, and the U14 girls' team, represented the Club in the recent youth finals at the Big Rugby Weekend. U15 in both the plate and cup final. U16 won the cup, and other age groups were runners-up in their respective finals. The U14 girls won the EC plate. The U15 were runners-up in the Colchester U15, involving teams across the EC. The Colts won the EC shield against Ipswich.

Representatives across the age groups played for Norfolk and Eastern Counties, and a number of players are still involved in the Leicester Tigers set-up. These results, and the number of players, representing the County and EC demonstrates that Wymondham have the premier youth set-up in Norfolk, and one of the best in the EC. It also demonstrates that the Club is creating a good pipeline of players that transfer into the men's and women's senior teams.

Page 4

WYMONDHAM COMMUNITY RUGBY TRUST TRUSTEES' REPORT

FOR THE YEAR ENDED 30 JUNE 2023

Mini's Section Report

Wymondham Rugby Club now has the biggest Mini's section in Norfolk & Suffolk, with circa 220 children between the ages of 5 to 12 attending, with numbers up around 20% on last year.

We have participated in a number of fixtures and festivals throughout the season, both home and away, including the Prima and Land Rover Cups.

Our festival in November was a huge success, held across 2 days to alleviate parking and congestion at the Club, with significant work completed beforehand to recruit pitch managers in order that the games ran to time. Despite some challenging weather, feedback from the festival was extremely positive and all children enjoyed the day.

In summary, Mini’s have had a fantastic season with lots of good rugby played and new recruits across all age groups. We are confident that this will continue into the 2023/24 season.

Touch Rugby

There have been summer sessions at 7pm on a Wednesday and Thursday, and these are extremely well attended by all of the Club - up to 50 players.

Outside of the summer season, there is a strong core of 15-20 players making for year-round touch.

Volunteering

The hard work of many volunteers has been instrumental in supporting the Club's financial security and reinforcing the culture which is so important to any amateur sports club. With Charlie Wootton stepping down as volunteering co-ordinator in 22/23, we have given the Social Committee accountability for the volunteering strategy.

We will continue to push forward out "volunteer led" ethos at WRFC and view it as an essential part of who we are and how we will continue to be successful.

Page 5

WYMONDHAM COMMUNITY RUGBY TRUST TRUSTEES' REPORT

FOR THE YEAR ENDED 30 JUNE 2023

Governance

Club Purpose

It is the Trustees' intention that the Trust will continue to promote community participation in sport for the public benefit in Wymondham and South Norfolk and surrounding communities as described above.

The Club also looks forward to continuing its active co-operation and promotion of other sporting activities at the facilities at Barnard Fields, including Wymondham Archers, cricket clubs, and other sports compatible with the club’s rugby training and playing schedules.

TRUSTEE AND MANAGEMENT CHANGES

The WCRT Constitution requires that at least 1/3 of the Trustees are elected annually, and thus at least three Trustees retire every year, but can stand for re- election. In the year 22/23, Anita Coleman, Peter Barry, Colin Evans and Peter Agate retired from their roles, and Peter Hogston stood down on 14 September 2023. Duncan Anderson-Brown retired and was re-elected, and John Snape resigned as a non-executive Trustee to stand as Club Secretary, an Executive Trustee position.

Full management structure (all volunteers):

President – John Mackay Chair – Paul Wootton Treasurer – Finbar Conway Commercial Director – vacant Club secretary – John Snape

2.Other key management positions:

Director of Rugby – Tom Armes Director of Youth Rugby – David Clark Director of Mini Rugby – Bronwyn Nichols Club Safeguarding officer – David Clover Press officer – Andy Thomson Chair of Social Committee (inc. volunteering responsibility) – Jon Titlow Fixtures Secretary – David Coleman Chair of Grounds Sub-Committee – James Trounce Chair of Discipline Committee - Chris Williams Schools Liaison Officer – Kimberley Fearn

Page 6

WYMONDHAM COMMUNITY RUGBY TRUST TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The club was originally established in 1972. On 1 April 2018 the activities of the Club were transferred into a Charitable Incorporated Organisation. The constitution was registered with the Charity Commission (registration number 1172480) on 7 April 2017 and further amended on 17 December 2019.

Appointment and recruitment of Trustees

According to the charity's constitution, the board of Trustees should consist of at least five and not more than nine individuals.

Trustees' induction and training

All trustees will be provided with copies of:

•The charity's constitution •The club Rules and Regulations

•Board of Trustees Handbook

•A copy of the latest consolidated financial statements

The Trustees are encouraged to read Charity Commission guidance notes CC3 - "The Essential Trustee: what you need to know, what you need to do".

In addition, the Trustees are encouraged to read Charity Commission and other newsletters and to attend courses designed to keep them abreast of their duties and responsibilities.

Governance

The Trustees of the Trust have diligently enacted the responsibilities of their appointments as defined by the Trust Constitution. The Trustees of WCRT held four formal meetings during the year, at three monthly intervals, to receive reports from Club Officials on all aspects of the running of the Club and to develop strategies and oversight policies moving forward.

Oversight included looking at development of Club objectives and strategy, financial performance, facilities management, risk management, performance of rugby and other sporting activities, fundraising, buildings and facilities maintenance, health and safety, safeguarding, commercial activities, and community activities and initiatives.

In addition, the Trustees held frequent informal meetings with Club officials to keep abreast of day-to-day developments and issues at the Club. All formal meetings were minuted, and reports on activities filed and maintained by the Secretary to the Board, and Club Secretary.

The Board of Trustee Handbook has been updated which outlines the statutory responsibilies and functions of the Board of Trustees ("Board"). It contains policies and procedures to be followed by the Board in exercising their functions. The Handbook also outlines the relative responsibilities of the Board and Management Committee in the smooth running of the Club.

The Trustees have also developed new policies and procedures for staff appraisals, and Board Annual Performance management.

Page 7

WYMONDHAM COMMUNITY RUGBY TRUST TRUSTEES' REPORT

FOR THE YEAR ENDED 30 JUNE 2023

Statement of Trustees' responsibilities in relation to the Financial Statements

The Trustees are responsible for preparing the Trustees' annual report and the consolidated financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period.

In preparing these financial statements, the Trustees are required to:

•select suitable accounting policies and then apply them consistently;

•observe the methods and principles in the Charities SORP 2019 (FRS 102);

•make judgements and estimates that are reasonable and prudent;

•state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

•prepare the financial statements on the going concern basis unless it is inapproriate to presume that the charity will continue in operation.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the board

Duncan Brown (Feb 9, 2024, 6:36pm)

…......................................

Duncan Anderson Brown Trustee

09 Feb 2024

Page 8

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF

WYMONDHAM COMMUNITY RUGBY TRUST

Opinion

We have audited the financial statements of Wymondham Community Rugby Trust (the ‘parent charity’) and its subsidiary (the 'group') for the year ended 30 June 2023 which comprise the Consolidated Statement of Financial Activities, the Consolidated Balance Sheet, the Parent Balance Sheet, the Consolidated Statement of Cashflows, the Parent Statement of Cashflows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and parent charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Page 9

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF

WYMONDHAM COMMUNITY RUGBY TRUST

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of the trustees

As explained more fully in the trustees’ responsibilities statement [set out on page 8], the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group and parent charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charity or to cease operations, or have no realistic alternative but to do so.

Auditor responsibilities for the audit of the financial statements

We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

Page 10

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF

WYMONDHAM COMMUNITY RUGBY TRUST

Auditors responsibilities for the audit of the financial statements (continued)

A further description of our responsibilities is available on the FRC's website at: https://www.frc.org.uk/auditors/audit-assurance/auditor-s-responsibilities-for-the-audit-of-the-fi/description-of-theauditor%E2%80%99s-responsibilities-for . This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Price Bailey LLP (Statutory Auditor)

Anglia House 6 Central Avenue Broadland Business Park Thorpe St Andrew Norwich Norfolk NR7 0HR

Date: 14 February 2024

Price Bailey LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.

Page 11

WYMONDHAM COMMUNITY RUGBY TRUST CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

THE INCOME AND EXPENDITURE ACCOUNT

Unrestricted
Funds 2023
£
Notes
INCOME
Donations
Charitable activities
Other trading activities
Investment income
2
3
4
5
41,491
109,863
543,332
17
TOTAL INCOME
694,703
EXPENDITURE
Costs of raising funds
Charitable activities
6
7
(332,680)
(398,601)
TOTAL EXPENDITURE
(731,281)
NET INCOME BEFORE
TRANSFER OF FUNDS
(36,578)
NET MOVEMENT IN FUNDS
(36,578)
RECONCILIATION OF FUNDS
Total funds at 1 July 2022
4,560,547
TOTAL FUNDS 30 June 2023
4,523,969		 Restricted
Funds 2023
£
-
-
-
-
-
(1,666)
-
(1,666)
(1,666)
(1,666)
5,000
3,334		 Total Funds
2023
£
41,491
109,863
543,332
17
694,703
(334,346)
(398,601)
(732,947)
(38,244)
(38,244)
4,565,547
4,527,303		 Total Funds
2022
£
72,241
101,322
509,304
71
682,938
(329,123)
(332,284)
(661,407)
21,531
21,531
4,544,016
4,565,547

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities.

The notes on pages 17 to 31 form part of these financial statements.

Page 12

WYMONDHAM COMMUNITY RUGBY TRUST CONSOLIDATED BALANCE SHEET AT 30 JUNE 2023

Notes
FIXED ASSETS
Investments
Tangible fixed assets
14
15
CURRENT ASSETS
Stocks
Debtors
Cash at bank and in hand
16
17
Creditors: Amounts falling due
within one year
18
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS OF THE CHARITY
Restricted funds
Unrestricted funds
TOTAL CHARITY FUNDS
19		 2023
£
2022
£
£
£
-
4,209,797
-
4,263,612
4,209,797
4,263,612
14,080
15,916
381,447
11,441
12,940
334,319
411,443
358,700
(93,937)
(56,765)
317,506
301,935
4,527,303
4,565,547
4,527,303
4,565,547
3,334
4,523,969
5,000
4,560,547
4,527,303
4,565,547
09 Feb 2024

The financial statements were approved by the Trustees on .................................. and are signed on their behalf by:

Finbar Conwa y ………………………..Duncan Brown (Feb 9,2024, 6:36pm) ………………………..Finbar Conway (Feb 9,2024, 7:39pm) Duncan Anderson Brown Finbar Conway Chair of Trustees Trustee

The notes on pages 17 to 31 form part of these financial statements.

Page 13

WYMONDHAM COMMUNITY RUGBY TRUST PARENT BALANCE SHEET AT 30 JUNE 2023

Notes
FIXED ASSETS
Investments
Tangible fixed assets
14
15
CURRENT ASSETS
Stocks
Debtors
Cash at bank and in hand
16
17
Creditors: Amounts falling due
within one year
18
NET CURRENT ASSETS
NET ASSETS
FUNDS OF THE CHARITY
Restricted funds
Unrestricted funds
TOTAL CHARITY FUNDS
19		 2023
£
2022
£
£
£
1
4,209,797
1
4,263,612
4,209,798
4,263,613
-
207,835
170,514
-
154,917
181,468
378,349
336,385
(60,844)
(34,451)
317,505
301,934
4,527,303
4,565,547
3,334
4,523,969
5,000
4,560,547
4,527,303
4,565,547
09 Feb 2024

The financial statements were approved by the Trustees on .................................. and are signed on their behalf by:

Finbar Conwa y ………………………..Duncan Brown (Feb 9, Finbar Conway (Feb 9,……………………….. Duncan Anderson Brown2024, 6:36pm) 2024, 7:39pm)Finbar Conway Chair of Trustees Trustee

The notes on pages 17 to 31 form part of these financial statements.

Page 14

WYMONDHAM COMMUNITY RUGBY TRUST CONSOLIDATED STATEMENT OF CASHFLOWS

FOR THE YEAR ENDED 30 JUNE 2023

CASH FLOWS FROM OPERATING ACTIVITIES
Net income
Adjustments for:
Depreciation of tangible fixed assets
Loss on sale of fixed assets
Other interest receivable and similar income
(Increase) in stocks
Decrease / (increase) in debtors
Increase / (decrease) in creditors
Net cash arising from operating activities
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received
Purchase of tangible assets
Net cash used in investing activities
CASH FLOWS FROM FINANCING ACTIVITIES
(Decrease) in other loan borrowing
Net cash used in financing activities
NET INCREASE IN CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR
CASH AND CASH EQUIVALENTS AT END OF YEAR
The net debt note is included in note 21.
The notes on pages 17 to 31 form part of these financial statements.		 2023
£
(38,244)
48,955
9,520
(17)
(2,639)
(2,976)
37,172
51,771
17
(4,660)
(4,643)
-
-
47,128
334,319
381,447		 2022
£
21,531
53,092
-
(71)
(1,937)
27,260
(66,717)
33,158
71
(11,716)
(11,645)
(50,000)
(50,000)
21,513
312,806
334,319

Page 15

WYMONDHAM COMMUNITY RUGBY TRUST PARENT STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 30 JUNE 2023

CASH FLOWS FROM OPERATING ACTIVITIES
Net income
Adjustments for:
Depreciation of tangible fixed assets
Loss on disposal of fixed assets
Other interest receivable and similar income
(Increase) in debtors
Increase / (decrease) in creditors
Net cash used in operating activities
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received
Purchase of tangible assets
Net cash used in investing activities
NET INCREASE IN CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR
CASH AND CASH EQUIVALENTS AT END OF YEAR
The net debt note is included in note 21.
The notes on pages 17 to 31 form part of these financial statements.		 2023
£
(38,244)
48,955
9,520
(17)
(52,918)
26,393
(6,311)
17
(4,660)
(4,643)
(10,954)
181,468
170,514		 2022
£
21,531
53,092
-
(71)
(59,430)
(16,536)
(1,414)
71
(11,716)
(11,645)
(13,059)
194,527
181,468

Page 16

WYMONDHAM COMMUNITY RUGBY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

1 ACCOUNTING POLICIES

(a) General information

The charity is a public benefit entity and a registered charity in England and Wales and is unicorporated. The address of the principal office is Wymondham RFC, Barnard Fields, Bray Drive, Wymondham, Norfolk, NR18 0GQ.

(b) Statement of compliance

The consolidated financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (issued October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), Charities Act 2011 and UK Generally Accepted Accounting Practice.

The charity constitutes a public benefit as defined by FRS 102.

(c) True and fair override

The accounts (financial statements) have been prepared to give a "true and fair" view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a "true and fair" view. This departure has involved following Accounts and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 rather than Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

(d) Basis of preparation

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

(e) Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that there are no material uncertainties exist. The trustees have considered all levels of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be to continue as a going concern.

Page 17

WYMONDHAM COMMUNITY RUGBY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

1 ACCOUNTING POLICIES (continued)

(f) Basis of consolidation

The group financial statements consolidate the financial statements of the charity and its wholly owned subsidiary Wymondham RFC Trading Ltd (company number 11525763) for the year ended 30 June 2023 and comparatives for the year ended 30 June 2022.

Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by the Group. All intra-group transactions, balances, income and expenditure are eliminated on consolidation. The consolidation has been completed on a line by line basis.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

(g) Fund accounting

Unrestricted funds

These are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds

These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

(h) Income

All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

• income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be reliably measured.

• income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.

Page 18

WYMONDHAM COMMUNITY RUGBY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

1 ACCOUNTING POLICIES (continued)

(i) Expenditure

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered under the VAT partial exemption rules, and is classified under the headings of the statement of financial activities to which it relates:

• expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.

• expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that futher its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

• other expenditure includes all expeniture that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

(j) Critical accounting judgements and key sources of estimaton uncertainty

In the application of the Group's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimations and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are not based on historical experience and other factors that are considered to be relevant.

The estimates and underlying assumptions are reviewed on an ongoing basis, revisions to accounting estimates are recognised in the period which the estimate is revised if the revisions affects only that period, or in the period of revision and future periods if the revision affects both current and future periods.

Aside from the depreciation applied to the Groups's fixed assets (as highlighted in the tangible asset accounting policy, the trustees do not consider there to be any critical judgements or sources of estimation uncertainty within the financial statements.

(k) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property - 1% straight line

Freehold land - held at cost

Plant and machinery - 15% reducing balance

Equipment - 15% reducing balance

(l) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Accrued income and tax recoverable is included at the best estimate of the amounts receivable at the balance sheet date.

Page 19

WYMONDHAM COMMUNITY RUGBY TRUST NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

1 ACCOUNTING POLICIES (continued)

(m) Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly likely liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

(n) Pension scheme

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payment obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently adminstered funds.

(o) Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

(p) Stocks

Stocks are made up of bar and club shop stocks and are valued at the lower of cost and net realisable value after making do allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

(q) Taxation

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

(r) Financial instruments

A financial asset or a financial liability is only recognised when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost.

(s) Investments

Investments are a form of basic financial instrument and in the current year relate to shares in the trading subsidiary which are carried at cost.

Page 20

WYMONDHAM COMMUNITY RUGBY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

2
DONATIONS
Donations
Sponsorship
Grants received
Donations and grants
Donations
Sponsorship
Grants received
Donations and grants
3
INCOME FROM CHARITABLE ACTIVITIES
Subscriptions
Fundraising (non-event)
Schools income
Mini's and youth income
Subscriptions
Fundraising (non-event)
Schools income
Mini's and youth income		 Unrestricted
Funds
2023
£
2,566
38,925
-
41,491
2022
£
22,291
44,550
5,400
72,241
Unrestricted
Funds
2023
£
70,777
8,079
3,450
27,557
109,863
2022
£
70,426
5,830
6,680
18,386
101,322		 Restricted
Funds
2023
£
-
-
-
-
2022
£
-
-
-
-
Restricted
Funds
2023
£
-
-
-
-
-
2022
£
-
-
-
-
-		 Total
2023
£
2,566
38,925
-
41,491
2022
£
22,291
44,550
5,400
72,241
Total
2023
£
70,777
8,079
3,450
27,557
109,863
2022
£
70,426
5,830
6,680
18,386
101,322

Page 21

WYMONDHAM COMMUNITY RUGBY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

4
OTHER TRADING ACTIVITIES
Bar sales
Kitchen sales
Shop sales
Beer festival income
Fireworks event income
Annual dinner event income
Other fundraising event income
Refreshments and pre match lunches
Facilities rental
Total trading income
Bar sales
Kitchen sales
Shop sales
Beer festival income
Fireworks event income
Annual dinner event income
Other fundraising event income
Refreshments and pre match lunches
Facilities rental
Total trading income
5
INVESTMENT INCOME
Bank interest received
Bank interest received		 Unrestricted
Funds
2023
£
284,726
29,048
7,067
16,723
20,263
41,683
5,531
53,178
85,113
543,332
2022
£
227,490
13,998
6,103
24,664
20,713
69,638
2,909
57,605
86,184
509,304		 Restricted
Funds
2023
£
-
-
-
-
-
-
-
-
-
-
2022
£
-
-
-
-
-
-
-
-
-
-
Unrestricted
Funds
2023
£
17
2022
£
71		 Total
2023
£
284,726
29,048
7,067
16,723
20,263
41,683
5,531
53,178
85,113
543,332
2022
£
227,490
13,998
6,103
24,664
20,713
69,638
2,909
57,605
86,184
509,304
Total
Funds
2023
£
17
2022
£
71

Page 22

WYMONDHAM COMMUNITY RUGBY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

6 COSTS OF RAISING FUNDS

Costs of other trading activities
Sponsorship
Wellbeing costs
Fundraising activity costs
Bar costs
Kitchen costs
Shop purchases
Beer festival costs
Fireworks event costs
Annual dinner event costs
Other fundraising and event costs
Refreshments and pre match lunches
Facilities rental
Total costs of raising funds
Costs of other trading activities
Sponsorship
Fundraising activity costs
Bar costs
Kitchen costs
Shop purchases
Beer festival costs
Fireworks event costs
Annual dinner event costs
Other fundraising and event costs
Refreshments and pre match lunches
Facilities rental
Total costs of raising funds		 Unrestricted
Funds
2023
£
7,590
-
165,855
39,400
3,956
10,201
13,570
41,653
6,374
10,925
33,156
332,680
2022
£
5,103
141,652
14,999
10,527
16,846
9,930
71,820
5,680
16,876
35,690
329,123		 Restricted
Funds
2023
£
-
1,666
-
-
-
-
-
-
-
-
-
1,666
2022
£
-
-
-
-
-
-
-
-
-
-
-		 Total
2023
£
7,590
1,666
165,855
39,400
3,956
10,201
13,570
41,653
6,374
10,925
33,156
334,346
2022
£
5,103
141,652
14,999
10,527
16,846
9,930
71,820
5,680
16,876
35,690
329,123

Page 23

WYMONDHAM COMMUNITY RUGBY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

7 EXPENDITURE ON CHARITABLE ACTIVITIES

Unrestricted
Funds
2023
£
Playing costs
98,599
Facilities and service costs
185,200
Grounds maintenance
63,556
Schools costs
8,262
Mini's and youth costs
30,584
Governance costs
12,400
398,601
2022
£
Playing costs
96,185
Facilities and service costs
158,098
Grounds maintenance
51,659
Schools costs
5,639
Mini's and youth costs
10,603
Governance costs
10,100
332,284
Total expenditure on Charitable Activities is split as follows:
Direct costs
Support costs (note 8)
8
SUPPORT COSTS
Salaries & freelance
Legal and professional
Admin & IT
Finance		 Restricted
Funds
2023
£
-
-
-
-
-
-
-
2022
£
-
-
-
-
-
-
-
2023
£
322,293
76,308
398,601
2023
£
61,472
220
3,928
10,688
76,308		 Total
2023
£
98,599
185,200
63,556
8,262
30,584
12,400
398,601
2022
£
96,185
158,098
51,659
5,639
10,603
10,100
332,284
2022
£
270,858
61,426
332,284
2022
£
42,904
2,329
2,592
13,601
61,426

Page 24

WYMONDHAM COMMUNITY RUGBY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

9 ANALYSIS OF GOVERNANCE COSTS
2023 2022
£ £
Auditors remuneration (see note 10) 14,185 10,100
14,185 10,100
10 AUDITOR'S REMUNERATION
Fees payable for the audit of the financial statements		 2023
£
14,185		 2022
£
10,100
14,185 10,100
11 NET EXPENDITURE
This is stated after charging/(crediting):
Depreciation of tangible fixed assets
Loss on disposal of tangible fixed assets		 2023
£
48,955
9,520		 2022
£
53,092
-
58,475 53,092
12 STAFF COSTS
2023
£
Wages and salaries
135,430
Social Security costs
3,625
Employer contributions to pension plans
2,173
Other staff & freelance costs
35,593
The total staff costs and employee benefits for the reporting period are analysed as follows:		 2022
£
116,175
2,674
1,805
23,138
176,821 143,792
Management
Coaching
Bar & kitchen
Facilities
The average monthly number of employees during the year was as follows:
No employee received emoluments in excess of £60,000		 2023
1
1
10
3		 2022
1
1
6
3
15 11

Page 25

WYMONDHAM COMMUNITY RUGBY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

13 TRUSTEE REMUNERATION AND EXPENSES

All trustee's for the charity are volunteers and received no remuneration for the year ended 30 June 2023 (2022: £Nil) and no expenses were paid out to trustees (2022: £Nil).

14 INVESTMENTS (Parent company only)

Cost or revaluation
At 1 July 2022
At 30 June 2023		 Plant and
machinery
£
1
1		 Total
£
1
1

All investments are held at valuation.

Investments in Subsidiaries

The charity holds 1 share of £1 in its wholly owned subsidiary trading company Wymondham RFC Trading Ltd (Company number 11525763) which is incorporated in the United Kingdom. The compares operates the bar, kitchen, shop and room hire facilities at the rugby club. The company pays 100% of its profits to Wymondham Community Rugby Trust via deed of covenant.

Results of Wymondham RFC Trading Ltd

Turnover
Overheads
Other Income
Deed of covenant payment Wymondham Community Rugby Trust
Net Profit for period
Net Assets		 2023
£
450,262
(289,829)
-
(160,433)
-
1		 2022
£
371,494
(243,091)
-
(128,403)
-
1

Page 26

WYMONDHAM COMMUNITY RUGBY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

15 TANGIBLE FIXED ASSETS Group and Parent

Cost
At 1 July 2022
Additions
Disposals
At 30 June 2023
Depreciation
At 1 July 2022
Charge for the year
Eliminated on disposals
At 30 June 2023
Carrying amount
At 30 June 2023
At 30 June 2022
16
STOCKS
Shop stocks
Bar stocks		 Freehold
Land &
Buildings
£
4,268,737
2,319
-
4,271,056
126,827
31,899
-
158,726
4,112,330
4,141,910
Group
2023
£
3,897
10,183
14,080		 Plant and
Machinery
£
207,152
2,082
(17,315)
191,919
87,404
16,861
(8,706)
95,559
96,360
119,748
Parent
2023
£
-
-
-		 Equipment
£
4,018
259
(2,082)
2,195
2,064
195
(1,171)
1,088
1,107
1,954
Group
2022
£
4,162
7,279
11,441		 Total
£
4,479,907
4,660
(19,397)
4,465,170
216,295
48,955
(9,877)
255,373
4,209,797
4,263,612
Parent
2022
£
-
-
-

Page 27

WYMONDHAM COMMUNITY RUGBY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

17
DEBTORS
Group
Parent
2023
2023
£
£
Trade Debtors
5,864
1,167
Prepayments and accrued income
10,027
4,394
Amounts owed by group undertakings
-
194,717
VAT recoverable
-
7,532
Other debtors
25
25
15,916
207,835
18
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Group
Parent
2023
2023
£
£
Trade creditors
37,004
26,348
Accruals and deferred income
42,337
30,483
VAT liability
10,583
-
Social security and other taxes
2,490
2,490
Other creditors
1,523
1,523
93,937
60,844
Group
Parent
Deferred income breakdown
2023
2023
£
£
Deferred income brought forward
5,877
-
Released during the year
(5,877)
-
Deferred during the year
26,333
18,330
Deferred income carried forward
26,333
18,330		 Group
2022
£
8,303
4,612
-
-
25
12,940
Group
2022
£
28,536
21,086
3,586
2,793
764
56,765
Group
2022
£
51,086
(51,086)
5,877
5,877		 Parent
2022
£
2,793
4,612
141,401
6,086
25
154,917
Parent
2022
£
18,480
12,414
-
2,793
764
34,451
Parent
2022
£
34,111
(34,111)
-
-

Page 28

WYMONDHAM COMMUNITY RUGBY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

19 FUNDS SUMMARY Year Ended 30 June 2023

Unrestricted funds
General Funds
Snr Rugby Designated Fund
Wasps Designated Fund
Restricted
Wellbeing fund
TOTAL FUNDS 2023
Year Ended 30 June 2022
Unrestricted funds
General Funds
Snr Rugby Designated Fund
Wasps Designated Fund
Restricted
Wellbeing fund
TOTAL FUNDS 2022		 At 1 July
2022
£
4,554,880
5,667
-
4,560,547
At 1 July
2022
£
5,000
5,000
4,565,547
At 1 July
2021
£
4,532,733
6,283
-
4,539,016
At 1 July
2021
£
5,000
5,000
4,544,016		 Income
£
690,860
1,625
2,218
694,703
Income
£
-
-
694,703
Income
£
661,853
21,085
-
682,938
Income
£
-
-
682,938		 Expenditure
£
(725,991)
(5,120)
(170)
(731,281)
Expenditure
£
(1,666)
(1,666)
(732,947)
Expenditure
£
(639,706)
(21,701)
-
(661,407)
Expenditure
£
-
-
(661,407)		 Transfers
£
-
-
-
-
Transfers
£
-
-
-
Transfers
£
-
-
-
-
Transfers
£
-
-
-		 At 30 June
2023
£
4,519,749
2,172
2,048
4,523,969
At 30 June
2023
£
3,334
3,334
4,527,303
At 30 June
2022
£
4,554,880
5,667
-
4,560,547
At 30 June
2022
£
5,000
5,000
4,565,547

Purposes and restrictions in relation to the funds:

Restricted Wellbeing donations:

Designated Funds Senior Rugby

Fund designated for the physical and mental wellbeing of players and members.

Fund designated internally for the support of senior rugby.

Wasps

Fund designated internally for the support of women's rugby.

Page 29

WYMONDHAM COMMUNITY RUGBY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

20
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Fixed assets
Net current assets
Fixed assets
Net current assets
21
ANALYSIS OF NET DEBT
Cash
Bank loans
Net debt
Cash
Bank loans
Net debt		 Unrestricted
Funds
2023
£
4,209,797
314,172
4,523,969
2022
£
4,263,612
296,935
4,560,547
At start
of period
2023
£
334,319
-
334,319
2022
£
312,806
(50,000)
(50,000)
262,806		 Restricted
Funds
2023
£
-
3,334
3,334
2022
£
-
5,000
5,000
Cash
flows
2023
£
47,128
-
47,128
2022
£
21,513
50,000
50,000
71,513		 Total
Funds
2023
£
4,209,797
317,506
4,527,303
2022
£
4,263,612
301,935
4,565,547
At end
of period
2023
£
381,447
-
381,447
2022
£
334,319
-
-
334,319

Page 30

WYMONDHAM COMMUNITY RUGBY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

22 Related parties

Name of the related party

John Snape

Description of relationship between the parties Trustee

Description of the transactions and general John Snape was in receipt of prize money amounting amounts involved to £100 from the lottery fund. Name of the related party Anita Coleman

Description of relationship between the parties Trustee

Description of the transactions and general Anita Coleman was in receipt of prize money amounts involved amounting to £150 from the lottery fund.

Name of the related party Kevin Scott

Description of relationship between the parties Trustee

Description of the transactions and general Sponsorship income of £250 was received from amounts involved Kevin Scott in relation to the 22/23 season shirt sponsorship. Name of the related party Paul Wootton

Description of relationship between the parties Trustee

Description of the transactions and general Sponsorship income of £250 was received from Paul amounts involved Wootton in relation to the 22/23 season shirt sponsorship.

23 Pension commitments

The charity operates a defined contribution pension scheme for the benefit of its employees. The amount recognised asn expense in the year was £2,173 (2022 - £1,805). As at 30 June 2023, £496 was payable to the scheme (2022 - £Nil).

24 Contingent liabilities

The charity is part of a group VAT registration and therefore is potentially liable for the VAT of the subsidiary. As at 30 June 2023, its subsidiary, Wymondham RFC Trading Ltd had a liability relating to VAT of £18,115 (2022 - £9,672).

Page 31