Company registrdtion number. 06481283 Charity r¢gistration number: 1173964 Ruston Sports And Social Club Limited (A company limited by guarante¢) Annual Rort and Financial Statements for the Year Ended 31 March 2025 M.G. Walker & Co. Limited The Coach House 119a High Street Clay Cross Chesterfield Derbyshir¢ S45 9DZ
Ruston Sports And Social Club Limited Contents R¢f¢rence and Athninistrative Details Trustees, Report 2to3 Independent Examiner's Report Statement of Financial Activities 5t06 Balance Sheet 7t08 Notes to the Financial Stst¢ments 9t020
Ruston Sports And Social Club Limited Reference and Administrative Details Chainnan Steven McDowell Trustees Robert Edward Taylor Steven M¢Dowell Stephen Bell Tom Jarvis Charity Registration Number 1173964 Company Registralion Number 06481283 Registered Offiee Ruston Sports and Social Club Newark Road Lincoln Lin¢o]nshire LN6 8RN Independent Examiner M.G. Walker & Co. Limited The Coach House 119a High Street Clay Cross Chesterfield Derbyshire S45 9DZ Page I
Ruston Sports And Social Club Limited Trustees, Report The trustees, who are directors for the purposes of company law, present the annual report together with the fjnancial siatements of the charitable company for the year ended 31 March 2025. ObJeetlve5 and activities Objects and axn The charity's objects ar¢ specifically restricied to the following: To meet the needs of the general public in providing sporting and recr¢*ional activities to a wide demographi range. W¢ ¢xtend this to various personal and team-related 5POrts and offer a well-run facility for people to enjoy their activities as set out above. The Charity is run on a not-for-profil basis and, as such, all reserves will be used within the business for improvement PillPOS¢5. During the period the charity served the public in the following ways l. Provided buildings and equipment for the wider community for the use of sports and events. 2. Recognised local children's health needs and provided an opportunity to ty out a variety of different sports. 3. Updated sporting facilities to maximi5e usage for the local community. 4. Provided facilities for other local charity events such as tournaments, fundraising events etc. 5. Provided professional coaching for the community and local schools. 6. Kept well-maintained grounds and facilities accessible to all. Public benefil The chaty promotes equal opportunities, in Community participation in healthy recreation, for the benefjt of the inhabitants of Lincoln, by the provision of facilities for playing amateur sport5, The tSteeS confirn] that they have complied with the requirements of section 17 of the Charities Act 20 I I to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Struetur& goverDaDce and management Organi&allonal slructhre The charity is governed by an elected Board of Tnlstees who oversee th¢ financial and ethical processes of the charity. It is managed by an appointed management team and employees who work for the charity. Financial instruments Credlt rlsk The charity's principal fmancial assets are bank balances and cash, trade and other receivables, and inv¢stments. The charity's credit risk is prinr]IY attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowan¢¢ for impairn]ent is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows. The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers. Page 2
Ruston Sports And Soeial Club Limited Trustees, Report quidty rLsk In order to maintain liquidity to ensure that sufficieni funds are available for ongoing operations and future d¢velOpMen the charity uses a mixture of long-terni and short-tern) debt finance. Further details regarding liquidity risk can be found in the Statement of arrounting policies in the financial ststements. Sl8tement of truslees, respon5ibililies The trustees (who are also the directors of Ruston Sporfs And Social Club Lirnited for the purposes of company law) are responsible for preparing the trustees. report and the financial statements in accordan¢¢ with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice}, including FRS 102 "The Financial Reporting Siandard applicable in the UK and Republic of Ireland" Company law requires the trustee5 to prepare financial statements for each flnancial year. Under Company law the trustees must not approve the financial staterneDts unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of Tesources. including ils income and expenditure, of the charitable company for that period. In preparing these fitwicial statements, the trustees are required to.. select suitable accounting policies and apply them consistently. observe the methods and principles in the Charities SORP. make judgement5 and estimates that are reasonable and prudent. state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financia] statements. a7Jd prepare the financial statern¢nts on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records that can disclose with reasonable accurncy at any time the fmancial position of the charitable Company and enable them to ensure that the financial ststements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The ITUStees are responsible for the maintenance and integrity of the corporafr and fmancial infonnation included on the charitable company's website. Legislation governing the preparation and dissemination of fancial statements may differ from legislation in other jurisdictions. The annual pOrt wa5 approved by the trustees of the charity on 17 July 2025 and signed on its behalf by: Steven McDowell Chaimmn and trustee Tom Jarvis Trustee Page 3
Ruston Sports And Social Club Limited Independent Examiner's Report to the trustees of Ruston Sports And Social Club Limited ('the Company,) I report to the charity trustees on my examinati(Fn of the accounts of the Company for the year ended 31 March 2025. Responsibilities and basis of report As the charity's lrnstees of the Company (and also its directors for the pwpos¢s of company law) you are responsible for the prepardtion of the accounts in accordance with the requirements of the Companies Act 2(K)6 ('the 2006 Act')- Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2(K16 Act and are eligible for independent examination. l Teport in respect of my examination of your chaTity'S accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carying out my examination I have followed the Directions given by the Charity Commission under section 145(5Xb) of the 2011 Act. Independent examiner's ststement I have completed my examination. I CODfinn that no matters have come to my attention in connection with the examination glving me cause to believe: l. accounting Tecords were not kept in respect of Ruston Sports And Social Club Limited as required by section 386 of the 2006 Act. or 2. the accounts do not accord with those records. or 3. the accounts do not comply with ihe accountTrng requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a matteT considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Slalement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. rf43JL M.G. Wal Co. Limited The Coach House 119a High Street Clay Cross Chesterfield Derbyshire S45 9DZ 17 July 2025 Page 4
Ruston Sports And Social Club Limited Statement of Financial Aetivities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted fund5 Reslrieted funds Tolal 2025 Note Income and Endowments from: Donations and legacies Charitsble activities Investment income Other income 250 139,374 1,350 3,800 250 139,374 1,350 3,800 Total income 144,774 144,774 Expenditure on: Charitable activities (163,051) (163,051 Total expenditure (163,051) (163,051) Net expenditure Transftrs between funds (18,277) 12,428 (18,277) 12,428) Net movement in fimds (5,849) (12,428) (18277) Reconciliation of funds Total funds brought forward 183,794 223,335 407,129 Total funds carried forward 19 177,945 Unrestrieted funds 210,907 Rtricted funds 388,852 Total 2024 Note Ineome and Endowments from: Donations and legacies Charitable activities Investment income 278 128,666 1,501 278 155,032 1.501 26,366 Total income 130,445 26,366 156,811 Expenditure on: Charitable activilies (116,922 116,922) Total expenditure 116,922) 116,922) Net income Trdnsfers between funds 13,523 12,428 26.366 (12.428 39.889 Net movement in ndS 25,951 13,938 39,889 Reeonciligtion of funds Total funds brought fonvard Total funds carried forward 157,843 209,397 367,240 19 183,794 223,335 407,129 The notes on pages 9 to 20 fomi an integrnl part of these financial statements. Page 5
Ruston Sports And Social Club Limited Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Aecount and Statement of Total Reeognised Gains and Losses) All of the Charity's activities derive from continuing operdtions during the above two periods. The funds breakdown for 2024 is shown in note 19. Th¢ not¢s on pages 9 to 20 fonn an integral part of these financial statements. Page 6
Ruston Sports And Social Club Limited (Registration number: 06481283) Balance Sheet as at 31 March 2025 2025 2024 Note Fixed assets Tangible assets Inv¢stmcnts 13 14 296,165 260,814 296,167 260,816 Current assets Debtors Cash at bank and in hand 15 16 9,230 155,921 11,424 180,291 165,151 191,715 Creditors: Amount5 falllng due Ivithin one year 17 (65,591) (36,824) Net eurrent assets 99,560 154,891 Total assets less eurrent liabilitie5 395,727 415,707 Creditors: Amounts falling due after more than one year 18 (6,875 (8,578) Net assets 388,852 407.129 Funds of the charity: Restricted income funds Restricted filllds 210,907 223,335 Unrestricted income funds Unrestrided funds 177,945 183,794 Total funds 19 388,852 407,129 For the fmancial year ending 31 March 2025 the charity was entitled to exemption from audit under Section 477 of the Companie5 Act 2006 relating to small companies. Directors, responsibilities.. The members have not required th¢ charity to oblain an audit of ils accounts for th¢ y¢aT in qu¢stion in accordance with section 476. and The directors acknowledge th¢ir responsibilities for complying with the requirements of the Act with respect to accounting records and th¢ preparation of accounts. The notes on pages 9 to 20 forni an integral part of these financial statements. Page 7
Ruston Sports And Soclal Club Limited (Registration number: 06481283) Balance Sheet as at 31 March 2025 The financial statements on pages 5 to 20 weTe approved by the trustees, and authorised for issue on 17 July 2025 and sI¢d on their behalf by: Steven McDowell Chairnian and trustee Tom Jarvis Trustee The notcs on pages 9 to 20 fonn an integral part of thes¢ financial sta*ments. Pag¢ 8
Ruston Sports And Social Club Limited Notes to the Financial Statements for the Year Ended 31 March 2025 I Charity status The charity is limited by gllardntee, incorporated in , and consequently does not have share capitsl. Each of the trnstees is liable to contribute an amounl not exceeding £1 towards the a55ets of the charity in the event of liquidation. The address of its registered office is: Ruston Sports and Social Club Newark Road Lincoln Lincolnshire LN6 8RN These financial stat¢ments were authorised for issue by the trustees on 17 July 2025. 2 Accounting policies Summary of significalll accounting policies and key accounting estimales The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Statement of compllance The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Slatement 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 in October 2019) (Charities SORP (FRS 102)), the FinaT]cial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basis of preparation Ruston Sports And Social Club Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless othenvise stated in the relevant accounting policy notes. Going eoneern The trustees consider that there are no malerial uncertainties about the charitys ability to continue as a going concern nor any significant are&s of uncertainty that affect the carrying value of assets held by the charity. Income and endowments All income is recognised once the charity has ¢ntÈtlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. Glfl ald Incoming resources from tax reclaims are included in the Statement of Financial Activities ai the same time &8 the gift io which they relate. Page 9
Ruston Sports And Social Club Limited Notes to the Financial Statements for the Year Ended 31 March 2025 Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated OD the basis of time spen¢ and depreciation charges allocated on the portion of the asset'5 use. Other support Costs are allocated based on the spread of stsff costs. Charilable activilies Charitsble expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and thos¢ costs of an indirect nature necessary to support them. Support costs No support costs have been allocated seperately to charitable activities. The value of any volwitary help received is not included in the accounts but is described in the trustees, annual report. Governance costs Governance costs are included in the year as incurred. Taxation Th¢ charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and th¢r¢fore it meets the definition of a charitable company for UK cooration tu purposes. Accordingly, the harity is potentially exempt from taxation in respect of income or capital gains received within categories overed by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Tanglble fixed assets Individual fixed assets costing £100.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and Subsequent accumulated impairnient losses. The company owns the Freehold of the entire property and facilities at Newark Road, Lincoln. This is held on the Balance Sheet at 31 st March 2022 at a cost of £1. A valuation was undertaken on the 4th February 2021 by Mundys (Chartered Surveyors), 29, Silver StreeL Lincoln, LN2 IAS. which estimated its replacement cost to be in the region of £3.900,000. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to write off ihe cost oi valuation, less any ¢stimated residual value. over their expected useful economic life as follows: Asset class Buildings Furniture and equipment Land (held at cost of £1) Depreciation method and rate 2.50/0 Straight line 251/1 o Straight line not depreciated Fixed asset investments Investments in associates are accounted for at cost less impainnent. Page 10
Ruston Sports And Social Club Limited Notes to the Financial Statements for the Year Ended 31 March 2025 Trade debtors Trade debtors ar¢ amounts due from customers for merchandise sold or services perforn)ed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measur¢d at amortised cost using the effective infrrest method, less provision for impairnient. A provision for the irnpairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts du¢ according to the original tern]s of the receivables. Cash and cash equivalents Cash and cash equivalents comprise ¢ash on hand and call deposits, and other short-tenn highty liquid investments that are readily convertible to a amount of cash and are subject to an insignificant risk of change in value. Trade ereditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppli¢rs. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting peri(, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as nOn<uent liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Borrowings Interest-bearing borrowings are initialty recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequenily catTied at amortised cosL with the difference between the proceeds. net of transaction costs, and the amount due on redemption being recognis¢d as a charge to the Statement of Financial Activities over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and Simil charges. BOOW]ngS are Classified as current liabilities unless the charity has an unconditional right to defer settlement of th¢ liability for * le&st twelve months after the reporting date. Fund structure Unrestricted income funds are general fimds that are available for us¢ at the trustees discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific pury)oses, the use of which is restrlcted to that area or purpose. Page 11
Ruston Sports And Social Club Limited Notes to the Financial Statements for the Year Ended 31 March 2025 Flnaneial instruments ClassU7callon Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instnunent. Financial liabilities and equity instruments are cl&ssified according to the substance of the contractual aangements entered into. An equity instrumenl is any contract that evid¢nces a residual interest in the assets of the charity after deduthing all of its liabilities. Recognlllon and nasUreMent All financial assets and liabilitie5 are initially me&sured at transaction price (including transaction costs), except for those financial assets classified as at falr value through profit or loss, which are initially measured at fair value (which is nornially the transaction price excluding transaction costs), unless the arrangement Constitutes a fmancing transaction. If an arrangement constitutes a fmancing transaction, the fmancial assel or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instNment. Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends eitheT to settle on a net basis, or to realise the &sset and settle the liability simultaneously. Financial assets are derecogni5ed when and only when a) the contractual rights to the cash flows from the fmancial asset expiTe or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership. has transferyed control of the asset to another party. Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires. Page 12
Ruston Sports And Social Club Limited Notes to the Financial Statements for the Year Ended 31 March 2025 Debl Inslrnmenls Debt instruments which meet the following conditions are subsequently measured al amortised cost using the effective interest method: (a) The contractual return to the holder is {1) a red amount. (ii) a positive fixed rate or a positive variable rate" or (iii) a combination of a positive or a negative fixed rate and a posltive variable rdte. (b) The contract may provide for Tepayments of the principal or the return to the holder (but not both} to be linked to a single r¢levant observable index of general price inflation of the Currency in which the debt instrnment is denominated. provided such links are not leveraged. (c) The contract may provide for a deternlinable variation of the return to the holder during the Ilfe of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (l) a change of a contractual variable rate. (2) to protect the holder against credit deterioration of the issuer. (3) changes in levies applied by a central bank or arising fron] changes in relevant taxation or law. or (li) the new rate is a mark¢t rdte of interest and satisfJ¢s condilion (a). (d) There is no contrd¢tua] provision that could, by its tern)s, result in the hold¢r10sing the principal amount or any interest attributable to the current period OT prior periods. (e) Contractual provisions that pern]it the issuer to prepay a debt instrument or pennit the holder to put it back to the issuer before maturity are not contingent on future events. other than to protect the holder against the credit deterioration of the issuer or a change in Control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant t&xalion or law. (fj Contraclual provisions may perniit the extension of the lern] of the debt instrnment, provided that the return to the holder and any other contractual provisions applicable during the extended terni satisfy the conditions of paragraphs (a) to (c). Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impaimient. With the exception of some hedging instrLM)ents, other debt instruments not meeting these conditions are measured at fair value through profit or loss. Collunitinents to make and receive loans which meet the conditions mentioned above aTe measured at cost (which may be nil) less impairn]enL Invejlmenly Investments in non-convertible preference shares and non-puttable ordinary or preference shaTes (where share5 are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment. Investments in subsidiaries and associates are measured at cost less impairnlent. For investments in subsidiaries acquired for consideration including the issue of shares qualifying ftir merger relief, cost is measured by reference to the nominal value of the share5 i5su¢d plus fair value of other wnsideration. Any premium is ignored. Page 13
Ruston Sports And Soeial Club Limited Notes to the Finaneial Statements for the Year Ended 31 March 2025 Foip value measuremenl The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of lime since the transaction took place. If the market is nol active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique. 3 Income from donations and legacles Unrestricted runds General Total funds Other income from donations and legacies 250 250 Total for 2025 250 250 Total for 2024 278 278 4 Income from eharitable aelivities Unrestricted funds GeneraF Total 2025 Provision of sporting and recreational activities 139,374 139374 Unrestricted funds General Restricted funds Total 2024 Provision of sporting and recreational artivities 128,666 26,366 155,032 5 Investment ineome Unrestricted funds GeDeral Totsl funds Interest receivable and similar income" Interest receivabl¢ on bank deposits 1.350 1,350 Total for 2025 1,350 1,350 TotoR for 2024 ,501 1,501 Page 14
Ruston Sports And Social Club Limited Notes to the Financial Statements for the Year Ended 31 March 2025 6 Expenditure on charitable activities Unrestricted funds General Totsl 2025 Provision of sporting and recreational activities 161,611 161,611 Unrestricted funds General Total 2024 Provision of sporting and recreational activities 115,482 115,482 Activity undertaken directly 2025 Provision of 5POrting and recreational activities 161,611 Activity MDdertaken directly 161,611 21124 Provision of sporting and recreational activities 115,482 115,482 In addition to the expenditure analysed abov¢, there are also governance costs of £1,440 (2024 - £1,440) whicb relate directly to charitable activities. See not¢ 7 for firther details. 7 Analysis of governance aDd support cos1$ Gov¢rnance costs Unrestrieted funds General Total 2025 Total 2024 Audit fees Other f¢¢s paid to auditors 1,440 1,440 1,440 1,440 1,440 Page 15
Ruston Sports And Social Club Limited Notes to the Financial Statements for the Year Ended 31 March 2025 8 Government grants A Restrided Grant of £26,366 was received in 2024 regarding the purchase of a mow¢r. A Grant of £500 was receiv¢d wiith no restrictAons. The amount of grants recognised in the financial statements was £500 (2024 - £26,366). 9 Truste¢s remuneration and expenses No trustees, nor any persons connected with them, have received any remuneration from the charity durlng the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. 10 Stsff costs No employee received emoluments of more than £60,000 during the year. I l Auditors, remuneration 2025 2024 Other fees to auditors All other non-audit services 1,440 1,440 Page 16
Ruston Sports And Social Club Limited Notes to the FinanciaI Statements for the Year Ended 31 March 2025 J2 Taxation The charity is a Tcgistered charity and is ther¢for¢ exempt from taxation. 13 Tangible fixed assets IAnd and buildings Furniture and equipment Total Cost At l April 2024 Additions 330,500 30,389 43,326 33,411 373,826 63,800 At 3 l March 2025 360,889 76,737 437,626 Depreciation At l April 2024 Charge for the year 101,623 9,264 11,389 19,185 113,012 28,449 At 31 March 2025 110,887 30,574 141,461 Net book value At 31 March 2025 250,002 46,163 296,165 At 31 March 2024 228,877 31,937 260,814 14 FIX asset investments 2025 2024 Shares in group undertakings and participating interests Page 17
Ruston Sports And Soclal Club Limited Notes to the Financial Statements for the Year Ended 31 March 2025 Shares in group undertAkings and participating inlerests Subsldiary undertakings Total Cost At l April 2024 At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 15 Debtors 2025 2024 Trade debtors Prepayments Accrued income 2,977 2,672 3,581 6,857 1,105 3,462 9,230 11,424 16 Cash and cash equivalents 2025 2024 Cash at bank 155,921 180,291 17 Credltors: amounts falling due wlthin one year 2025 2024 Bank loans Trdd¢ CTeditors Due to group undertakings Other creditors Accruals 1,857 29,322 23,536 10,040 836 1,868 509 32,198 1,099 1,150 65.591 36,824 18 Creditors: amounts falling due after one year 2025 2024 Bank loans 6,875 8,578 Page 18
Ruston Sports And Social Club Limited Iyotes to the Financial Statements for the Year Ended 31 March 2025 19 Funds Balance at 31 March 2025 BAlaDce at I Aprll 2024 Incoming resources Resources pended TrAnsfers Unrestrfieted fuDds General 183,794 144.774 (163,051) 12,428 177.945 Restricted funds 223,335 (12,428) 210,907 Total funds 407,129 144.774 (163,051) 388,852 Balance at 31 March 2024 Balance at I Aprll 2023 In¢oming resources Resources ¢ipended Transfers Unrestricted funds General 157,843 130.445 (I l6,922) 12,428 183.794 Restri¢ted funds 209,397 26.366 (12,428) 223,335 Total funds 367,240 156.811 (Il6,922 407,129 Th¢ specific puose$ for which the funds are to be applied are as follows.. Restricted funds r¢present funds allocated out of resetves in respect of the cost of property improvements and plant and machinery included in tangible fixed assets and are being released to the profit and loss account as a reserve movemcnt in line with the propety improvements and plant and machinery depreciation policies. 20 Analysi5 of n¢t gissets behveen funds Unrestricted funds General Total funds at 31 Mareh 2025 Regtrlcted funds Tangible red assets Fixed asset investrnents Current assets Current liabilities Creditors over l year 85,258 210,907 296,165 165,151 (65.591) (6,875) 165,151 (65,591) (6.875) Total net assets 177,945 210.907 388.852 Page 19
Ruston Sports And Social Club Limited Notes to the Financial Statements for the Year Ended 31 March 2025 Unrestricted funds General Total funds at 31 March 2024 Roslrleted funds Tangible fixed assets Fixed asset investments Current set8 Current liabilities Creditors over l year 37,479 223,335 260.814 191,715 (36.824) {8,578) 183.794 191,715 (36.824) (8,578 Total net ass¢ts 223,335 407.129 21 Analys1$ of net funds At l Aprll 2024 Fin#nelDg cash nows At 31 March 2025 Cash at bank and in hand Debt due within one y¢aT Debt due after more than on¢ year 180,291 (1,868) (8.578) (24.370) 155,921 (1,857) 6,875) 1.703 Net debt 169,845 At l April 2023 (22,656) 147.189 Flllancing cosh At 31 Mareh flows 2024 Cash at bank and in hand Debi due within one year Debi due after more than on¢ year 168,627 (1,880) (10,290) 156.457 11.664 12 1,712 180,291 (1,868) (8.578) Net debt 13,388 169.845 22 Related party tr&nsaetions During tkne year the charity made the following related party transactions: The Bert Llnnecor Sports B*r Limlted [lOI1Y owned subsidiary) R¢¢harge of Wages for Joint employees of £93,842 (2024 - £56,621). At the balance sheet date the amount due to The Bert Linnecor Sports Bar Limited was £23,536 {2024 - £32.198). Horeastle Squash Club (Provision of ¢oaching facililies to the members of the club) Amounts payable to Horncastle Squash Club during the year wer¢ £1.205 (2024 - £3.025). At the balance sheet date the amount due to/from Hor¢astle Squash Club was £Nil (2024 - £NAI). Page 20
Ruston Sports And Social Club Limited Statement of Financial Activiti by fund for the Year Ended 31 March 2025 Unrestricted Funds Total Total Unrestrieled Unrestrieled Funds Funds 2025 2024 Ineome and Endoivments from: Donations and legacies Charitable activities Inveslment income Other income 250 139,374 1,350 3,800 278 128.666 1,501 Total Income 144,774 130,445 Expenditure on: Charitsble activities (163,051) (116,922) Tota] expenditure Net (expenditure)lincome Transfers between funds (163,051 (116,922 (18,277) 12,428 13,523 12,428 Net movement in funds (5,849) 25,951 Reconciliation of funds Total funds brought fonvard 183.794 157,843 Total funds carried forward 177,945 183,794 This page does not forn) part of the statutory financial ststements. Page 21
Ruston Sports And Social Club Limited Statement of Financial Activities by fund for the Year Ended 31 March 2025 Restricted Funds Total Restricted Funds 2025 Total Restrleted Funds 2024 Ineome and Endowments from: Charitable activities 26,366 Total income 26,366 Exp¢nditure on: Net income Trdnsfers between fimds 26,366 (12,428) 12.428) Net movement in llds (12.428) 13.938 Reconcilialion of funds Total funds brought forward 223,335 209,397 Total funds carried forward 210,907 223,335 This page does not forni part of the statutory financial statements. Page 22
Ruston Sports Ilnd Soeial Club Limited Detailed Statement of Financial Aetivities for the Year Ended 31 March 2025 Total 2025 Total 2024 Income and Eudowments from: Donations and legacies (analysed below) Charitable activities (analysed below) Invesknent income (analysed below) Other income (analysed below) 250 139,374 1,350 3,800 278 155.032 ,501 Total income 144,774 156,811 Expenditure on: Charitable activities (analysed below) Total expenditure Net (expenditure)/income Net movement in funds (163,051) (116,922) (163,051) (116,922) (18,277) 39,889 (18277) 39.889 RenCilIation of funds Total funds brought fonvard 407.129 367,240 Total funds carried forward 388,852 407,129 This page docs not fonn part of the statutory financial ststements. Page 23
Ruston Sports And Social Club Limited Detailed Statement of Financial Activities for the Year Ended 31 March 2025 Total 2025 Total 2024 Donations and legacles Appeals and donations Gift aid payments from group undertakings 250 278 250 278 Charltable activities Grants - other agencies Memberships, facility and pitch hire Grants receivable 26,366 128.666 138,874 500 139,374 155,032 Inveslmenl income Interest on cash deposits 1,350 1,501 1,350 1,501 her Income Other incojne 3,800 3,800 Charllable activiti League and reftree fees Depreciatton of freehold property ReKharge of wages Rates (678) (9,264) (93,843) (1,572} (6,956} (22,593) (2,524) (1,142) (7,744) (56.621) (1,293) (5,897) (24,863} (1.887) (355) Insurance Repairs and maintenance Telephone and f&x Sundry expenses Advertising Consultancy fees Bank charges Loan interest Depreciation of plant and machinery Staff training Computer Softwa and maintenance costs Trade subscriptions Accountancy fees (855) {1,205} (1,311) (190) (19,185) (648) (426) (361) 1,440) (163,051 (3.025) (1.200) {224) (10,832) (399) (1,440) {116,922 This page does not forni part of the stathtory financial statements. Page 24
Ruston Sports And Social Club Limited Detailed Statement of Financial Activities for the Year EDd¢d 31 March 2025 2025 Total Donallons and legacles Appeals and donations 250 250 2025 Total Charilable oelivltles Memberships, facility and pitch hire Grants rereivable 138,874 500 139,374 2025 Total Inveslment Ineome Int¢r¢5t on cash deposits 1,350 1,350 202S Totol Other Income Other income 3,800 3,800 2025 Total Chdrllable aclivitids L£ague and referee fees Depreciation of freehold property Recharge of wages Rates Insurance Repairs and maintenance T¢lephone and f&¥ Advertising Consultancy fees Bank charges Loan interest Depreciation of plant and machinery Staff training (678) {9,264) (93,843) (1,572) (6,956) (22,593) (2,524) (855) (1,205) (1,311) (190) (19,185) (648) This pag¢ does not forni part of the statutory financial statements. Page 25
Ruston Sports And Social Club Limited Detailed Statement of Financial Activities for the Year Ended 31 March 2025 2025 Total Computer software and maintenance costs Trade subscriptions (426) (361) (161.611) 2025 Total Governance costs Accountancy fees (1.440) {1,440) 2025 Total 2025 Restricted funds Total Transfers belweenfunds Funds - Transfer from another fund Funds - Transfer from another fund Funds - Transfer from another fund Funds - Transfer to another fund Funds - Transfer to another fund Funds - Transfer to another fund 2,800 (6,592) 3,036 (3,036) (2,800) 6,592 (6,592) (3,036) (2,800) (12,428 This page does not foJTh part of the stathtory financial statements. Page 26