Company registrdtion number. 06481283 Charity r¢gistration number: 1173964 Ruston Sports And Social Club Limited (A company limited by guarante¢) Annual R￿ort 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 t￿SteeS 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 prin￿r]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 f￿ancial 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 R￿tricted 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 co￿oration 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