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← Wymondham Community Rugby Trust

2024-06-30-accounts

Registered in England Charity No. 1172480

WYMONDHAM COMMUNITY RUGBY TRUST

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

WYMONDHAM COMMUNITY RUGBY TRUST

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

CONTENTS

Page
Trustees' report 1-9
Audit Report 10-12
Consolidated Statement of financial activities 13
Consolidated Balance sheet 14
Parent Balance sheet 15
Consolidated Statement of cash flows 16
Parent Statement of cash flows 17
Notes to the financial statements 18-33

WYMONDHAM COMMUNITY RUGBY TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2024

The trustees present their report and financial statements for the year ended 30 June 2024.

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 Matthew Hood (appointed 18 April 2024) Paul Wootton Kevin Scott Clare Sisson Christopher Perry (resigned 18 April 2024) Finbar Conway David Clover Duncan Anderson Brown Dr John Snape (resigned 18 April 2024) Sarah Bosworth (appointed 17 October 2024) 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 2024

OBJECTIVES AND ACTIVITIES

  1. To remain focused on promoting participation in healthy recreation, particularly through amateur rugby.

  2. To provide and assist in providing facilities for sport, coaching, and community engagement initiatives, ensuring the club is a centre for sport and social welfare in Wymondham, South Norfolk, and surrounding areas

  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 continue to allign the Trust's activities with the Charity Commission's guidance on public benefit. This ensures that our work promotes health, well-being, and community cohesion through rugby and other associated activities.

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

For the 2023/24 season, the Trust and its trading subsidiary, Wymondham RFC Trading Ltd generated a consolidated income of £769,678 (PY: £694,703) with consolidated expenditure of £824,680 (PY: £732,947), leading to a consolidated net loss of (£55,002) (PY: loss of £38,244). The larger loss in 2023/24 vs prior year reflects the exceptional inflationary environment in the season, a depreciation charge due to capital investment and an increase in playing costs.

Non-cash depreciation amounted to £55,818 for the year (PY: £48,955).

The Trust incurred £296,230 of net cash decreases during the year (PY surplus: £47,128). It is important to note that £150,000 of the net cash decrease is due to a reclassification following a decision to invest reserve funds into a fixed rate bonds for greater returns.

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)

Wymondham RFC Trading Ltd (company number 11525763), the Club's trading subsidiary, continues to operate effectively, managing the commercial activities that support the rugby and charitable functions of the Trust. The Trust owns 100% of the shares in Wymondham RFC Trading Ltd, which is incorporated in the UK.

The trading subsidiary generated total income of £457,498 (PY: £450,262) with operating expenditure of £323,286 (PY: £289,829). This resulted in a net profit of £134,212 (PY: £160,433), which was transferred as a gift aid donation to the Trust. The trading subsidiary's role in funding the Trust's rugby and community activities remains vital.

Page 2

WYMONDHAM COMMUNITY RUGBY TRUST TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2024

Cash Position and Reserves

The Trust ended the 2023/24 financial year with current assets of £138,097 (2023: £411,443) and net current assets of £74,385 (2023: £317,506), in addition to a reserve investment fund of £150,000 for future operational and strategic risks. This solid cash and investment position ensures the Club can continue investing in infrastructure and rugby development whilst maintaining a stable financial outlook.

Investments and Strategic Planning

The Club has made significant investments this year, including:

These investments reflect the Club's commitment to both financial sustainability and rugby development.

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 committed to identifying, managing, and mitigating risks to safeguard the Club’s objectives and financial health. The risk management process includes regular reviews of risks across all operational areas, including strategic, financial, legal, and reputational risks. The Trustees regularly assess and adjust controls to mitigate these risks, ensuring compliance with all legal and regulatory obligations.

The Business Risk Model operated by the charity focuses on the following key areas:

Page 3

WYMONDHAM COMMUNITY RUGBY TRUST TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2024

Fundamental Risks

The key risks currently facing the Trust include:

1 Income Fluctuations:

• A significant drop in income from donations, sponsorships, and membership subscriptions could impact the Club's ability to fund it's core activities and invest in future projects.

2.Cost Pressures:

• Inflation and increased operational costs present challenges in maintaining a stable financial position.

3.Compliance with Legislation:

• The Trust is committed to complying with all relevant laws, including those related to data protection (GDPR), charity regulations, safeguarding, and health & safety. Non-compliance could lead to fines, legal action or reputational damage.

4.Operational Challenges:

• Staffing or volunteer retention remain critical to operational sucess. A loss of key staff members or volunteers could hinder the delivery of key programs and events.

5.Governance Risks:

• Changes in composition of the Board of Trustees could disrupt the strategic direction and operational efficiency of the Club.

6.Reputational Risk:

• Failure to meet community expectations, provide a high standard of care, or maintain transparency in governance could damage the clubs reputation, impacting memberships and sponsorships.

Data risks

The Club continues to prioritise data security and GDPR compliance. By utilising Google Workspace for email hosting and digital file management, we ensure centralised and secure data access for authorised personnel. Enhanced measures, such as two-factor authentication (2FA) and regular reviews of data protection policies, further safeguard member and volunteer information. The Club remains compliant with GDPR, with ongoing training for trustees and staff to maintain awareness of best practices in data management.

Page 4

WYMONDHAM COMMUNITY RUGBY TRUST TRUSTEES' REPORT

FOR THE YEAR ENDED 30 JUNE 2024

Playing Report

Senior Rugby - Men

The 2023/24 season was significant for the Club, with both the 1st XV and 2nd XV teams achieving promotions to their highest-ever levels. This achievement highlights the players’ skill, and the effective coaching strategies implemented by Director of Rugby Tom Armes and Head Coach Max Dominy. Their leadership contributed to a focused training regimen and strategic gameplay, which were essential to the teams' successes throughout the season.

In addition to excellent outcomes, this season emphasised the importance of player development and teamwork. The consistent effort from players during training sessions created a productive environment, leading to a series of strong performances. The achievements of both teams have garnered increased interest from supporters and have set a positive trajectory for future seasons. With continued commitment, the Club aims to build on this success and further elevate the performance of both teams.

Senior Rugby - Women

The Wymondham Wasps had a productive season, finishing 8th in their league and reaching the quarter-finals of the Papa John’s Cup. Despite challenges such as player retirements and travel demand, the team maintained a great attitude. This season demonstrated the players' commitment and ability to adapt, resulting in enjoyable rugby throughout.

The Club has made strides in promoting women’s rugby and fostering an environment where players can develop their skills. Coaching efforts focused on enhancing individual capabilities and team cohesion, which contributed to the team's overall performance. The Wasps look to build on this season's outcomes, aiming for improved standings in the league and continued participation in cup competitions while encouraging new players to join.

Youth Rugby Report

The youth section has continued to grow, now with over 245 registered players, including 57 girls. A key focus this season has been the integration of youth players into senior teams, which has facilitated a smooth transition for several Colts players who have made contributions in senior matches. This approach not only enhances player development but also strengthens the overall Club structure.

The U14s and U16s had successful seasons, with multiple players representing Eastern Counties. These achievements serve as motivation for younger players, highlighting the benefits of dedication and hard work. The youth program aims to develop both skills and a strong sense of teamwork and sportsmanship, ensuring that players are well-prepared for future challenges as they progress through the ranks.

Page 5

WYMONDHAM COMMUNITY RUGBY TRUST TRUSTEES' REPORT

FOR THE YEAR ENDED 30 JUNE 2024

Mini's Section Report

The Minis section has experienced growth, with participation numbers increasing across nearly all age groups, each having over 30 children attending weekly sessions. Events like the annual Minis Festival have been effective in fostering community engagement and providing a platform for young players to demonstrate their skills.

The focus of the Minis program is on skill development and inclusivity, ensuring that every child can participate and learn the basics of rugby. Coaches prioritise creating a positive environment that promotes both enjoyment and learning. As the Minis section continues to expand, the Club is dedicated to developing young players and encouraging a lifelong interest in rugby. This commitment to community and player development helps lay a solid foundation for the future of the Club.

Volunteering

The success of the Club is underpinned by the hard work of volunteers. From organising events like the Minis Festival to supporting operational needs, volunteers remain a crucial part of the Club’s culture. The introduction of volunteer awards, including the Red Lion Awards, has been a positive step in recognising the vital contributions of individuals.

We will continue to push forward our “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 6

WYMONDHAM COMMUNITY RUGBY TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 30 JUNE 2024

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, and other sports compatible with the club’s rugby training and playing schedules.

TRUSTEE AND MANAGEMENT CHANGES

In line with the WCRT Constitution, elections were held during the AGM. Mark Ferguson was appointed as the new Club President, succeeding John Mackay. David Clover, Ben Saggers, and Matthew Hood were also elected to their respective roles on the Board of Trustees.

Full management structure (all volunteers):

1.Executive Officers:

President – Mark Ferguson Chair – Paul Wootton Treasurer – Finbar Conway Commercial Director – Ben Saggers Club secretary – Matthew Hood

2.Other key management positions:

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

Page 7

WYMONDHAM COMMUNITY RUGBY TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 30 JUNE 2024

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 8

WYMONDHAM COMMUNITY RUGBY TRUST TRUSTEES' REPORT

FOR THE YEAR ENDED 30 JUNE 2024

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 Anderson Brown (Apr 23, 2025,6:46pm)

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

Duncan Anderson Brown Trustee

Page 9

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 2024 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 10

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.

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates and considered the risk of the company not complying with the applicable laws and regulations, including fraud, in particular those that could have a material impact on the financial statements. This included those regulations directly related to the financial statements, including financial reporting and tax legislation.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, we ensured that we considered the nature of the industry and sector, made appropriate enquiries of management as well as identified any laws and regulations that are applicable to the company. Management did not make the engagement team aware of any instances of non-compliance with material laws and regulations or instances of fraud throughout the year.

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:

Page 11

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF

WYMONDHAM COMMUNITY RUGBY TRUST

• We have reviewed all board minutes to ensure no instances of non-compliance with laws & regulations or instances of fraud have remained undisclosed to us as auditors;

• We have developed an understanding of what laws & regulations the charity is required to comply with and performed enquries with management to ensure no breaches of such laws & regulations have occurred;

• We have performed a review of all journals posted during the year to ensure there has been no evidence of management override or fraudulent postings during the year;

• We obtained confirmation directly from the the Trusts' bank, to confirm the accounts and balances held in their name at the balance sheet date.

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.

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: 24 April 2024

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

Page 12

WYMONDHAM COMMUNITY RUGBY TRUST CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

THE INCOME AND EXPENDITURE ACCOUNT

Unrestricted
Funds 2024
£
Notes
INCOME
Donations
Charitable activities
Other trading activities
Investment income
2
3
4
5
74,218
129,390
564,374
1,696
TOTAL INCOME
769,678
EXPENDITURE
Costs of raising funds
Charitable activities
6
7
(366,263)
(458,417)
TOTAL EXPENDITURE
(824,680)
NET EXPENDITURE BEFORE
TRANSFER OF FUNDS
(55,002)
TRANSFER OF FUNDS
460
NET MOVEMENT IN FUNDS
(54,542)
RECONCILIATION OF FUNDS
Total funds at 1 July 2023
4,523,969
TOTAL FUNDS 30 June 2024
4,469,427		 Restricted
Funds 2024
£
-
-
-
-
-
-
-
-
-
(460)
(460)
3,334
2,874		 Total Funds
2024
£
74,218
129,390
564,374
1,696
769,678
(366,263)
(458,417)
(824,680)
(55,002)
-
(55,002)
4,527,303
4,472,301		 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

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 18 to 33 form part of these financial statements.

Page 13

WYMONDHAM COMMUNITY RUGBY TRUST CONSOLIDATED BALANCE SHEET AT 30 JUNE 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible fixed assets 15 4,247,916 4,209,797
CURRENT ASSETS 4,247,916 4,209,797
Investments 16 150,000 -
Stocks 17 7,331 14,080
Debtors 18 45,549 15,916
Cash at bank and in hand 85,217 381,447
Creditors: Amounts falling due 19 288,097 411,443
within one year (63,712) (93,937)
NET CURRENT ASSETS 224,385 317,506
NET ASSETS 4,472,301 4,527,303
FUNDS OF THE CHARITY
Restricted funds 2,874 3,334
Unrestricted funds 4,469,427 4,523,969
TOTAL CHARITY FUNDS 20 4,472,301 4,527,303
The financial statements were approved by the Trustees on
and are signed on
23 Apr 2025		 their behalf
by:
DPrdecon Boon		 Mr F Conway
………………………..
Duncan Anderson Brown (Apr 23, 2025,
6:46pm)		 ………………………..
Finbar Conway (Apr 23, 2025, 8:26pm)		 Finbar Conway (Apr 23, 2025, 8:26pm)
Duncan Anderson Brown Finbar Conway
Chair of Trustees Trustee

The notes on pages 18 to 33 form part of these financial statements.

Page 14

WYMONDHAM COMMUNITY RUGBY TRUST PARENT BALANCE SHEET AT 30 JUNE 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 14 1 1
Tangible fixed assets 15 4,247,916 4,209,797
CURRENT ASSETS 4,247,917 4,209,798
Investments 16 150,000 -
Stocks 17 - -
Debtors 18 94,275 207,835
Cash at bank and in hand 21,371 170,514
Creditors: Amounts falling due 19 265,646 378,349
within one year (41,262) (60,844)
NET CURRENT ASSETS 224,384 317,505
NET ASSETS 4,472,301 4,527,303
FUNDS OF THE CHARITY
Restricted funds 2,874 3,334
Unrestricted funds 4,469,427 4,523,969
TOTAL CHARITY FUNDS 20 4,472,301 4,527,303
23 Apr 2025
The financial statements were approved by the Trustees on and are signed on their behalf
by:
DiBrdeconBoon Mr F Conway
………………………..
Duncan Anderson Brown
Duncan Anderson Brown (Apr 23, 2025,
6:46pm)		 ………………………..
Finbar Conway
Finbar Conway (Apr 23, 2025, 8:26pm)		 Finbar Conway (Apr 23, 2025, 8:26pm)
Chair of Trustees Trustee

The notes on pages 18 to 33 form part of these financial statements.

Page 15

WYMONDHAM COMMUNITY RUGBY TRUST CONSOLIDATED STATEMENT OF CASHFLOWS

FOR THE YEAR ENDED 30 JUNE 2024

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
Decrease / (increase) in stocks
(Increase) in debtors
(Decrease) / increase in creditors
Net cash (used) / arising from operating activities
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received
Purchase of tangible assets
Purchase of investment assets
Net cash used in investing activities
NET (DECREASE) / 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 22.		 2024
£
(55,002)
55,818
3,544
(1,696)
6,749
(29,633)
(30,225)
(50,445)
1,696
(97,481)
(150,000)
(245,785)
(296,230)
381,447
85,217		 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

The notes on pages 18 to 33 form part of these financial statements.

Page 16

WYMONDHAM COMMUNITY RUGBY TRUST PARENT STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 30 JUNE 2024

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
Decrease / (increase) in debtors
(Decrease) / increase in creditors
Net cash used in operating activities
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received
Purchase of tangible assets
Purchase of investment assets
Net cash used in investing activities
NET (DECREASE) 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 22.		 2024
£
(55,002)
55,818
3,544
(1,696)
113,560
(19,582)
96,642
(245,785)
(149,143)
170,514
21,371
1,696
(97,481)
(150,000)		 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

The notes on pages 18 to 33 form part of these financial statements.

Page 17

WYMONDHAM COMMUNITY RUGBY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

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 18

WYMONDHAM COMMUNITY RUGBY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

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 2024 and comparatives for the year ended 30 June 2023.

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 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 19

WYMONDHAM COMMUNITY RUGBY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

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 20

WYMONDHAM COMMUNITY RUGBY TRUST NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

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 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. Other investments are measured at cost less impairment.

Page 21

WYMONDHAM COMMUNITY RUGBY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

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
Playing income
Mini's and youth income
Subscriptions
Fundraising (non-event)
Schools income
Mini's and youth income		 Unrestricted
Funds
2024
£
7,048
66,670
500
74,218
2023
£
2,566
38,925
-
41,491
Unrestricted
Funds
2024
£
79,976
6,256
6,000
6,180
30,978
129,390
2023
£
70,777
8,079
3,450
27,557
109,863		 Restricted
Funds
2024
£
-
-
-
-
2023
£
-
-
-
-
Restricted
Funds
2024
£
-
-
-
-
-
-
2023
£
-
-
-
-
-		 Total
2024
£
7,048
66,670
500
74,218
2023
£
2,566
38,925
-
41,491
Total
2024
£
79,976
6,256
6,000
6,180
30,978
129,390
2023
£
70,777
8,079
3,450
27,557
109,863

Page 22

WYMONDHAM COMMUNITY RUGBY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

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		 Unrestricted
Funds
2024
£
272,005
29,653
4,497
19,713
29,145
35,260
11,306
61,818
100,977
564,374
2023
£
284,726
29,048
7,067
16,723
20,263
41,683
5,531
53,178
85,113
543,332		 Restricted
Funds
2024
£
-
-
-
-
-
-
-
-
-
-
2023
£
-
-
-
-
-
-
-
-
-
-		 Total
2024
£
272,005
29,653
4,497
19,713
29,145
35,260
11,306
61,818
100,977
564,374
2023
£
284,726
29,048
7,067
16,723
20,263
41,683
5,531
53,178
85,113
543,332

5 INVESTMENT INCOME

Bank interest received
Bank interest received		 Unrestricted
Funds
2024
£
1,696
2023
£
17		 Total
Funds
2024
£
1,696
2023
£
17

Page 23

WYMONDHAM COMMUNITY RUGBY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

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
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		 Unrestricted
Funds
2024
£
5,827
-
182,298
55,556
6,586
13,783
13,659
39,347
14,875
6,814
27,518
366,263
2023
£
7,590
-
165,855
39,400
3,956
10,201
13,570
41,653
6,374
10,925
33,156
332,680		 Restricted
Funds
2024
£
-
-
-
-
-
-
-
-
-
-
-
-
2023
£
-
1,666
-
-
-
-
-
-
-
-
-
1,666		 Total
2024
£
5,827
-
182,298
55,556
6,586
13,783
13,659
39,347
14,875
6,814
27,518
366,263
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

Page 24

WYMONDHAM COMMUNITY RUGBY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

7 EXPENDITURE ON CHARITABLE ACTIVITIES

Unrestricted
Funds
2024
£
Playing costs
134,782
Facilities and service costs
199,408
Grounds maintenance
70,203
Schools costs
9,017
Mini's and youth costs
27,762
Governance costs
17,245
458,417
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
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
2024
£
-
-
-
-
-
-
-
2023
£
-
-
-
-
-
-
-
2024
£
389,771
68,646
458,417
2024
£
54,467
-
4,047
10,132
68,646		 Total
2024
£
134,782
199,408
70,203
9,017
27,762
17,245
458,417
2023
£
98,599
185,200
63,556
8,262
30,584
12,400
398,601
2023
£
339,169
59,432
398,601
2023
£
44,596
220
3,928
10,688
59,432

Page 25

WYMONDHAM COMMUNITY RUGBY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

9
ANALYSIS OF GOVERNANCE COSTS
2024
£
Auditors remuneration (see note 10)
17,245
17,245
10
AUDITOR'S REMUNERATION
2024
£
17,245
17,245
11
NET EXPENDITURE
2024
This is stated after charging/(crediting):
£
Depreciation of tangible fixed assets
55,818
Loss on disposal of tangible fixed assets
3,544
59,362
12
STAFF COSTS
2024
£
Wages and salaries
178,713
Social Security costs
5,667
Employer contributions to pension plans
2,638
Other staff & freelance costs
44,793
231,811
2024
Management
1
Coaching & schools
3
Bar & kitchen
14
Facilities
3
21
Fees payable for the audit of the financial statements
The average monthly number of employees during the year was as follows:
The total staff costs and employee benefits for the reporting period are analysed as follows:
No employee received emoluments in excess of £60,000		 2023
£
14,185
14,185
2023
£
14,185
14,185
2023
£
48,955
9,520
58,475
2023
£
135,430
3,625
2,173
35,593
176,821
2023
1
1
10
3
15

Page 26

WYMONDHAM COMMUNITY RUGBY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

13 TRUSTEE REMUNERATION AND EXPENSES

All trustee's for the charity are volunteers and received no remuneration for the year ended 30 June 2024 (2023: £Nil) and no expenses were paid out to trustees (2023: £Nil).

14 FIXED ASSET INVESTMENTS (Parent company only)

Cost
At 1 July 2023
Additions
Disposals
At 30 June 2024
Depreciation
At 1 July 2023
Charge for the year
Eliminated on disposals
At 30 June 2024
Carrying amount
At 30 June 2024
At 30 June 2023		 Fixed Asset
Investments In
Subsidiaries
£
1
-
-
1
-
-
-
-
1
1		 Total
£
1
-
-
1
-
-
-
-
1
1

Other investments consist of fixed rate deposit bonds held for a period of 1 year.

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

2024
£
Turnover
457,498
Overheads
(323,286)
Other Income
Deed of covenant payment Wymondham Community Rugby Trust
(134,212)
Net Profit for period
-
Net Assets
1		 2023
£
450,262
(289,829)
-
(160,433)
-
1

Page 27

WYMONDHAM COMMUNITY RUGBY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

15 TANGIBLE FIXED ASSETS Group and Parent

Freehold
Land &
Plant and
Buildings
Machinery
Equipment
£
£
£
Cost
At 1 July 2023
4,271,056
191,919
2,195
Additions
34,015
63,466
-
Disposals
-
(4,390)
-
At 30 June 2024
4,305,071
250,995
2,195
Depreciation
At 1 July 2023
158,726
95,559
1,088
Charge for the year
32,240
23,406
172
Eliminated on disposals
-
(846)
-
At 30 June 2024
190,966
118,119
1,260
Carrying amount
At 30 June 2024
4,114,105
132,876
935
At 30 June 2023
4,112,330
96,360
1,107
16
CURRENT ASSET INVESTMENTS
Group and Parent
2024
£
Other investments
150,000
150,000
Other investments consist of fixed rate deposit bonds held for a period of 1 year.
17
STOCKS
Group
Parent
Group
2024
2024
2023
£
£
£
Shop stocks
2,122
-
3,897
Bar stocks
5,209
-
10,183
7,331
-
14,080		 Total
£
4,465,170
97,481
(4,390)
4,558,261
255,373
55,818
(846)
310,345
4,247,916
4,209,797
2023
£
-
-
Parent
2023
£
-
-
-

Page 28

WYMONDHAM COMMUNITY RUGBY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

18 DEBTORS

Trade Debtors
Prepayments and accrued income
Amounts owed by group undertakings
VAT recoverable
Other debtors		 Group
2024
£
16,664
23,418
-
5,467
-
45,549		 Parent
2024
£
5,220
18,333
52,022
18,700
94,275		 Group
2023
£
5,864
10,027
-
-
25
15,916		 Parent
2023
£
1,167
4,394
194,717
7,532
25
207,835
19
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Group
Parent
2024
2024
£
£
Trade creditors
32,891
18,355
Accruals and deferred income
29,132
21,218
VAT liability
-
-
Social security and other taxes
1,689
1,689
Other creditors
-
-
63,712
41,262
Group
Parent
Deferred income breakdown
2024
2024
£
£
Deferred income brought forward
26,333
18,330
Released during the year
(26,333)
(18,330)
Deferred during the year
7,327
6,215
Deferred income carried forward
7,327
6,215		 Group
2023
£
37,004
42,337
10,583
2,490
1,523
93,937
Group
2023
£
5,877
(5,877)
26,333
26,333		 Parent
2023
£
26,348
30,483
-
2,490
1,523
60,844
Parent
2023
£
-
-
18,330
18,330

Page 29

WYMONDHAM COMMUNITY RUGBY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

20 FUNDS SUMMARY Year Ended 30 June 2024

Unrestricted funds
General Funds
Snr Rugby Designated Fund
Wasps Designated Fund
Restricted
Wellbeing fund
TOTAL FUNDS 2023
Year Ended 30 June 2023
Unrestricted funds
General Funds
Snr Rugby Designated Fund
Wasps Designated Fund
Restricted
Wellbeing fund
TOTAL FUNDS 2023		 At 1 July
2023
£
4,519,749
2,172
2,048
4,523,969
At 1 July
2023
£
3,334
3,334
4,527,303
At 1 July
2022
£
4,554,880
5,667
-
4,560,547
At 1 July
2022
£
5,000
5,000
4,565,547		 Income
£
763,998
4,630
1,050
769,678
Income
£
-
-
769,678
Income
£
690,860
1,625
2,218
694,703
Income
£
-
-
694,703		 Expenditure
£
(817,178)
(7,502)
-
(824,680)
Expenditure
£
-
-
(824,680)
Expenditure
£
(725,991)
(5,120)
(170)
(731,281)
Expenditure
£
(1,666)
(1,666)
(732,947)		 Transfers
£
(240)
700
-
460
Transfers
£
(460)
(460)
-
Transfers
£
-
-
-
-
Transfers
£
-
-
-		 At 30 June
2024
£
4,466,329
-
3,098
4,469,427
At 30 June
2024
£
2,874
2,874
4,472,301
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

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 30

WYMONDHAM COMMUNITY RUGBY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

21
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Fixed assets
Net current assets
Fixed assets
Net current assets
22
ANALYSIS OF NET DEBT
Cash
Bank loans
Net debt
Cash
Bank loans
Net debt		 Unrestricted
Funds
2024
£
4,247,916
221,511
4,469,427
2023
£
4,209,797
314,172
4,523,969
At start
of period
2024
£
381,447
-
381,447
2023
£
334,319
-
-
334,319		 Restricted
Funds
2024
£
-
2,874
2,874
2023
£
-
3,334
3,334
Cash
flows
2024
£
(296,230)
-
(296,230)
2023
£
47,128
-
-
47,128		 Total
Funds
2024
£
4,247,916
224,385
4,472,301
2023
£
4,209,797
317,506
4,527,303
At end
of period
2024
£
85,217
-
85,217
2023
£
381,447
-
-
381,447

Page 31

WYMONDHAM COMMUNITY RUGBY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

23 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 £150 from the lottery fund (2023 - John Snape was in receipt of prize money amounting to £100 from the lottery fund). Name of the related party Ben Saggers

Description of relationship between the parties Trustee

Description of the transactions and general Sponsorship income totalling £5,000 + VAT was amounts involved received from Strand Ltd of which Ben Saggers is a person of significant control. Name of the related party Anita Coleman

Description of relationship between the parties Former trustee

Description of the transactions and general In the comparative year ended 30 June 2023 Anita amounts involved Coleman was in receipt of prize money 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 In the comparative year ended 30 June 2023, amounts involved sponsorship income of £250 was received from 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 In the comparative year ended 30 June 2023, amounts involved sponsorship income of £250 was received from Paul Wootton in relation to the 22/23 season shirt sponsorship.

Page 32

WYMONDHAM COMMUNITY RUGBY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

24 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 £2,638 (2023 - £2,173). As at 30 June 2024, £491 was payable to the scheme (2023 - £496).

25 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 2024, its subsidiary, Wymondham RFC Trading Ltd had a liability relating to VAT of £13,233 (2023 - £18,115).

Page 33