OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Curfu

2025-06-30-accounts

Docusign Envelope ID: 2C01E1A6-BA3D-4217-BFBD-F6C12C80AE97

(Registration number: 10145977)

CURFU

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

Docusign Envelope ID: 2C01E1A6-BA3D-4217-BFBD-F6C12C80AE97

CURFU CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

Page
Information 1
Trustees' report 2 - 6
Independent Examiner's Report to the Trustees 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the financial statements 10-13

Docusign Envelope ID: 2C01E1A6-BA3D-4217-BFBD-F6C12C80AE97

CURFU INFORMATION FOR THE YEAR ENDED 30 JUNE 2025

Company Number 10145977
Charity Number 1174015
Principal Office: University Football Ground
Grange Road
Cambridge
CB3 9BN
Registered Office: 7 Quy Court
Colliers Lane
Stow-cum-Quy
CB25 9AU
Independent Examiner: Stuart Graham Berriman FCCA FCA
Chater Allan LLP
7 Quy Court
Colliers Lane
Stow-cum-Quy
CB25 9AU
Bankers: Barclays Bank Plc
Benet Street Business Centre
P.O. Box No. 2
Cambridge
CB2 3PZ
Solicitors: Taylor Vinters
Merlin Place
Milton Road
Cambridge
CB4 0DP

1

Docusign Envelope ID: 2C01E1A6-BA3D-4217-BFBD-F6C12C80AE97

CURFU REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025

The Charity Trustees of CURFU, who are also the directors for the purposes of company law, present their annual report together with the financial statements for the period ended 30 June 2025.

The registered name of the entity is CURFU. It is also known as Cambridge University Rugby Football Union.

The trustees serving during the year were as follows: Mr Richard Tyler, Dr Austin Jessop, Professor Daniel Pett, and Mr Philip Isaac.

STRUCTURE, GOVERNANCE AND MANAGEMENT

CURFU is a company limited by guarantee which was incorporated in England on 25 April 2016 and is registered as a charity with the Charity Commission, governed by its Memorandum and Articles of Association. The Articles are supplemented by Rules for the regulation of the CURFU’s affairs, made by the Board in accordance with the Articles.

The members of the Board are the charity trustees having general control and management of the administration of the charity and are responsible for ensuring compliance with charity law. The minimum number of directors is three and there is no maximum number. The Board delegates the rugby business of the Union to a Management Committee. The Management Committee comprises the Board as well as representatives of College Clubs, CURUFC and CUDDRRS, RFU Council member, Disciplinary Officer and the Colleges Rugby Manager.

Following on from the pandemic and lessons learned, the board mainly met via Zoom, communication via email. The Board met on September 17th, 2024, and May 13[th] , 2025. The trustees were regularly in contact, including termly Management Committee meetings, with the Rugby Development Manager to discuss operations, match play and RFU business.

CURFU exists as a Constituent Body of the Rugby Football Union to offer students at Cambridge University the opportunity to play rugby at both University and College level and to encourage the development of administrators and referees and to continue to be involved in rugby after Cambridge.

Priorities for CURFU continue to be:

OBJECTIVES AND ACTIVITIES

The objectives and aims of the charity are to administer, foster, encourage, extend and control Rugby Football Union for the moral, mental and physical development of students and others at the university and Colleges of the University of Cambridge.

The trustees have referred to the guidance in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives and in planning future activities.

ACHIEVEMENTS AND PERFORMANCE

The 24/25 season continued to focus on rebuilding and sustaining college rugby post pandemic as well as facing into the challenges the game has and that clubs and organizations across the country are tackling. It was important that the programme over the course of the season reflected the needs and the demands of the students

2

Docusign Envelope ID: 2C01E1A6-BA3D-4217-BFBD-F6C12C80AE97

CURFU REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025

participating. The programme of activities for this reporting period is notable for its adaptable and agile nature and demonstrates the logistical strength of the Constituent Body.

ACHIEVEMENTS AND PERFORMANCE (continued)

College Men’s Rugby

Men’s college rugby commenced on the 12[th] October 20234 with 10 teams playing a series of friendly and competitive touch games that provided a lot of enjoyment for all and set the scene for the new season. A full and varied training and welcome programme was initiated and delivered by the Constituent Body including concussion awareness and good progress was made on health and safety and first aid provision for all colleges.

The competition that the Constituent Body organise provided a range of opportunities for players of all levels to represent their colleges on the field. These competitions were successful, well run and administered by the College Rugby Manager position and comprised of a reconfigured league programme taking place in the Autum Term which featured multiple colleges merged to create single teams, and was ultimately won by Purton (Pembroke, Girton, Churchill); and a very exciting series of knockout games in the historic Cuppers tournament with the finals held over two days at Grange Road.

Four finals were played with St John’s defeating St Catharine’s and Homerton 31 -9 in the main final, Jesus defeating Purton 30-19 in the Plate, Robinson defeating Fitzwilliam/Sidney Sussex/Emmanuel 26-21in the Bowl and Trinity/Christ’s defeating Queens/Magdelene 31-29 in the Boot final. These showpiece events were well attended by students and college administration.

Due to the successful format of college rugby, our teams retained their RFU voting status as members of the game’s governing body and our Constituent Body’s clubs formed a high proportion of the voting membership at the RFU AGM. Through proactive governance and administrative engagement throughout the summer of 2024, our College Rugby Manager (CRM) managed to establish and maintain a good rapport with the outgoing and incoming captains enabling a smooth transition for the new season. As usual, college rugby discipline was excellent, with only one case being heard by the disciplinary team – one of the lowest figures reported under the disciplinary annual audit.

Unfortunately, our highly successful CRM left early in November 2024. He had set the league programme running with all administration complete. Temporary cover was found with an injured undergraduate who had been a College Captain and support from the University Sports Services. It was decided that rather than directly employ a part time CRM, as had been the case in recent years, that we join with Sports Services to employ a full-time individual who would cover the CRM role as well as undertake other work for the Sports Services. It had been the intention to have that in place for the 25-26 season but that was not achieved.

College Women’s rugby

The number of women’s players from the colleges participating in rugby union continues to grow. A significant number of new players (many of whom had no or very little rugby experience) from the colleges trained and played regularly within one the university’s three teams. College teams are still not logistically possible, so women’s rugby is solely delivered under the CURUFC mantle, with CURFU sharing the responsibilities for the Development programme leading to playing in the University 3[rd] team.

Representative rugby

The Varsity Matches were held in March 2025 at StoneX Stadium, with our men recording a win 35-28 whilst the women lost 7-27.

3

Docusign Envelope ID: 2C01E1A6-BA3D-4217-BFBD-F6C12C80AE97

CURFU

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025

The men’s section played at total of 25 fixtures over the course of the season. The LX (2[nd] XV) lost their varsity match 27-32, the Centurions (3[rd] XV) lost their varsity match 12-50. It should be noted that the large majority of the Centurions were players from the College rugby programme.

A total of 22 women’s fixtures were played during the season alongside the annual Varsity Match the women’s Blues played 12 fixtures against other Universities and Invitational teams. The Tigers (2[nd] XV) played a total of 9 fixtures losing the 2[nd] XV varsity match 5-26 and the Jaguars (3[rd] XV) won their varsity match 32-10.

Business as usual

Our normal delivery programme continued, including college training sessions; captain’s meetings, development days for both men and women new to the sport or returning to the game. To aid in our mission to make college rugby a safe environment, our team delivered safety sessions including development sessions and front row clinics which were organised to equip people to play in the front row. Take-up of these events is still low due to competing events, but we will continue to give these opportunities.

The departure of the CRM meant that during the 24/25 season, the CB only sporadically managed the communication and promotion of college rugby across the student community which we had started to build in 23/24. It is hoped that this will be much improved in 25/26 with a new CRM.

All college teams were encouraged to use social media as a means of engaging with their college community and players. A member of the college community regularly devoted part of his free time to volunteer and photograph college league and cuppers rugby games, which enabled us to publicise the games further.

FINANCIAL REVIEW

The charity generated total income for the period of £67,804 with the main source of income arising from RFU donations and ticket sales. £60,512 was spent during the period on the charity's activities and as a result total unrestricted and restricted reserves at the period end stood at £38,372. As at 30 June 2025, unrestricted reserves totalled £10,243 and restricted reserves stood at £28,129.

The major risks to which the charity is exposed have been reviewed and procedures have been established to manage those risks. The RFU grant has for the near future been cut severely and we employ a part time Colleges Rugby Manager.

Reserves Policy

The funding of CURFU is substantially via the RFU who would normally give at least two year's notice of any cessation of funding. This would give ample time to adjust the main expenditure of the CURFU, which is for staffing. As a consequence, only a small reserve of £1,000 is considered necessary. At the year-end free reserves stood at £10,243.

PLANS FOR THE FUTURE

There is a continued emphasis upon making the game accessible, sustainable, safe and enjoyable to CURFU’s demographic - men and women between the ages of 18 and 24 in full and part education within the University of Cambridge. Due to the short terms, availability of students is always problematic due to rigorous academic timetabling, and the high number of alternative sports and activities. It is important to note that whilst we face a number of ‘localised’ challenges on and off the pitch, we are not unique, these challenges exist in rugby clubs, higher education and rugby communities up and down the country and are recognised by the governing body (RFU).

The CB continues to apply flexible and innovative methods to enable matches to be played and training for college is delivered (often for students who have never played the game before). We will continue to work closely with the

4

Docusign Envelope ID: 2C01E1A6-BA3D-4217-BFBD-F6C12C80AE97

CURFU REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025

student body to deliver a programme that want to participate in and are proud to represent their college and CURUFC.

The CB offer encompasses a range of formats to encourage people to participate, ably supported by Cambridge University and District Rugby Referees Society (Cudrrs). We continue to provide:

Logistical and administrative support for all colleges and committee members

Facilitate the provision of first aid training, supply of medical equipment and engagement of medical provision and best practice by the colleges for the students

Support and promote the RFU ‘Game On’ principles to ensure as many games as possible can be played Engage and liaise with the wider rugby community across Cambridge to encourage and sustain participation and fulfilment of fixtures.

Work closely with Cambridge University Sport Services to share best practice, expertise and promote the programme Liaise regularly with Rugby Football Union (RFU) and attend regular meetings and events and updating RFU Game Management System

Ensure access to adequate pitches by working closely with college ground staff Enable mergers of sides when needed

Ensure our colleges attain or retain RFU voting status (through playing the required number of games) Providing of match officials Access to quality coaching for safe technique, core and set piece skills Promote the game effectively on social media and other publicly accessible media Conducting player surveys and feedback

Recruit and retain new volunteers – include student representatives.

STATEMENT OF TRUSTEES RESPONSIBILITIES

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

Company law requires Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period.

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

The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time, the financial position of the Trust and enables them to ensure that the financial statements comply with the Companies Act 2006.

5

Docusign Envelope ID: 2C01E1A6-BA3D-4217-BFBD-F6C12C80AE97

CURFU

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025

The Trustees 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.

11 February 2026 Approved by the Trustees of CURFU on and signed on its behalf by:

Dr A W Jessop Director and Trustee

6

Docusign Envelope ID: 2C01E1A6-BA3D-4217-BFBD-F6C12C80AE97

CURFU INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES CURFU FOR THE YEAR ENDED 30 JUNE 2025

I report to the charity trustees on my examination of the accounts of the company for the year ended 30 June 2025 which are set out on pages 7 to 12.

RESPONSIBILITIES AND BASIS OF REPORT

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

INDEPENDENT EXAMINER'S STATEMENT

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

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.

Stuart Graham Berriman FCCA FCA Independent Examiner Chater Allan LLP 7 Quy Court Colliers Lane Stow-cum-Quy CB25 9AU

11 February 2026

7

Docusign Envelope ID: 2C01E1A6-BA3D-4217-BFBD-F6C12C80AE97

CURFU STATEMENT OF FINANCIAL ACTIVITIES (Incorporating the Income and Expenditure Account) FOR THE YEAR ENDED 30 JUNE 2025

Unrestricted
Restricted
Total
Note
Funds
Funds
Funds
2025
2025
2025
£
£
£
Income from:
Donations and legacies
3
20,052
5,500
25,552
Charitable Activity
4
42,252
-
42,252
Total Income
62,304
5,500
67,804
Expenditure on:
Charitable activity
Constituent Body
5
60,212
300
60,512
Total Expenditure
60,212
300
60,512
Net (Expenditure) / Income for the year
2,092
5,200
7,292
and net movement in funds
Transfers between funds:
Transfer to/(from) Restricted funds
9
3,500
(3,500)
-
Net movement in funds
5,592
1,700
7,292
Reconciliation of funds
Total funds brought forward
4,651
26,429
31,080
Total funds carried forward
10,243
28,129
38,372		 Total
Funds
2024
£
27,155
19,080
46,235
44,793
44,793
1,442
-
1,442
29,638
31,080

Income and expenditure is derived solely from continuing operations.

8

Docusign Envelope ID: 2C01E1A6-BA3D-4217-BFBD-F6C12C80AE97

(Registration number: 10145977)

CURFU BALANCE SHEET AS AT 30 JUNE 2025

2025 2024
Note £ £ £ £
CURRENT ASSETS
Debtors due within one year 7 1,354 403
Cash at bank and in hand 40,213 36,907
41,567 37,310
CURRENT LIABILITIES
Creditors due within one year 8 3,195 6,230
NET TOTAL ASSETS 38,372 31,080
The funds of the charity:
Restricted funds 9 28,129 26,429
Unrestricted funds 10,243 4,651
TOTAL FUNDS 10 38,372 31,080

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 year ended 30 June 2025.

The trustees have not required the charitable company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for:

The financial statements have been prepared in accordance with the provision of part 15 of the Companies Act 2006 relating to small companies.

11 February 2026

Approved by the Trustees of CURFU on and signed on its behalf by:

Dr A W Jessop Director and Trustee

9

Docusign Envelope ID: 2C01E1A6-BA3D-4217-BFBD-F6C12C80AE97

CURFU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

1 STATUTORY INFORMATION

The charity is incorporated in England and is a company limited by guarantee, and does not have share capital.

The registered office is 7 Quy Court, Colliers Lane, Stow-cum-Quy, CB25 9AU.

The principal place of business is University Football Ground, Grange Road, Cambridge CB3 9BN

2 STATEMENT OF ACCOUNTING POLICIES

a) Basis of accounting

The financial statements have been prepared under the historical cost convention and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and 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) (2019) - (Charities SORP (FRS 102).

CURFU meets the definition of a public benefit entity under FRS 102.

b) Going Concern Basis

The Trustees consider the expected income form the RFU to be at sufficient levels to ensure the Trustees can meet their financial obligations for the next 12 to 18 months. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.

c) Financial reporting standard 102 - reduced disclosure exemptions

The Trustees have taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102:

d) Income

Donations and Legacies are accounted for when received, or when their receipt is both quantifiable and reasonably certain.

e) Investment income

This is recorded when receivable.

f) Expenditure

All costs relating to the period are included on an accruals basis as detailed in the Statement of Financial Activities and note 5 of the financial statements

g) Support costs

Support costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice.

h) Income and Expenditure

The inclusion of an Income and Expenditure account is not deemed necessary as the relevant information is included in the Statement of Financial Activities.

i) Debtors

Debtors are recognised at the settlement amount after any discounts offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

j) Creditors and provisions

Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party to settle the obligation and can be estimated reliably.

10

Docusign Envelope ID: 2C01E1A6-BA3D-4217-BFBD-F6C12C80AE97

CURFU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

3 DONATIONS & LEGACIES
RFU
College Grant Fund Distribution
4 CHARITABLE ACTIVITY INCOME
Subscriptions
International Tickets
Other Income
5 CHARITABLE ACTIVITY EXPENDITURE
Constituent Body
International Tickets
Rent
Wages
Administration
Cuppers
Referees
College Competitions
IT Expenses
Tiger's Match Expenses
Lion's Expenses
Legal and professional
Training
Player Development sessions
College First Aid
Other expenditure from RFU Funding
Bank Charges
College Grants f/CB
Total Direct Costs
Support costs (Independent Examiner)		 Unrestricted
2025
£
20,052
-
20,052
Unrestricted
Funds
2025
£
36,172
5,148
12,184
235
975
1,525
297
877
170
945
-
550
-
143
96
51
-
59,368
844
60,212		 Restricted
2025
£
-
5,500
5,500
Restricted
Funds
2025
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
300
300
-
300		 Total
2025
£
20,052
5,500
25,552
2025
£
6,080
36,172
-
42,252
Total
Funds
2025
£
36,172
5,148
12,184
235
975
1,525
297
877
170
945
-
550
-
143
96
51
300
59,668
844
60,512		 Total
2024
£
20,655
6,500
27,155
2024
£
5,852
13,228
-
19,080
Total
Funds
2024
£
13,292
5,148
19,006
399
1,393
1,240
-
502
900
150
-
785
-
305
326
102
225
43,773
1,020
44,793

The Trustees received no remuneration or expenses during the current or previous period.

There are no related party transactions during the period.

6 TAXATION

As a registered charity, CURFU is generally exempt from Income Tax and Capital Gains Tax.

11

Docusign Envelope ID: 2C01E1A6-BA3D-4217-BFBD-F6C12C80AE97

CURFU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

7 DEBTORS DUE WITHIN ONE YEAR

Debtors
8 CREDITORS DUE WITHIN ONE YEAR
Trade creditors
CURUFC
Accruals
9 RESTRICTED FUNDS
College Grant Fund		 Brought
forward
£
26,429
26,429		 Income/
Transfers
£
5,500
5,500		 2025
£
1,354
1,354
2025
£
-
-
3,195
3,195
Expenditure/
Transfers
£
3,800
3,800		 2024
£
403
403
2024
£
4,880
-
1,350
6,230
Carried
forward
£
28,129
28,129

The College Grant Fund is set up to support the College clubs on player recruitment, development and retention.

10 ANALYSIS OF NET ASSETS BETWEEN FUNDS

Net current assets Unrestricted
Funds
2025
£
10,243
10,243		 Restricted
Funds
2025
£
28,129
28,129		 Total
Funds
2025
£
38,372
38,372		 Total
Funds
2024
£
31,080
31,080

12

Docusign Envelope ID: 2C01E1A6-BA3D-4217-BFBD-F6C12C80AE97

CURFU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

11 COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES

Income from:
Donations and legacies
Charitable Activity
Total Income
Expenditure on:
Charitable activity
Constituent Body
Total Expenditure
Net Income/(Expenditure) for the year
Transfer to/(from) Restricted funds
Net movement in funds		 Unrestricted
Funds
2024
£
20,655
19,080
39,735
44,568
44,568
(4,833)
3,500
(1,333)		 Restricted
Funds
2024
£
6,500
-
6,500
225
225
6,275
(3,500)
2,775		 Total
Funds
2024
£
27,155
19,080
46,235
44,793
44,793
1,442
-
1,442

13