2021-05-31-accounts

Ashfield Urwn FoDtbaN Limited thwity 1176244 Trustees, Repwt and ￿￿UdIted A¢(￿nts 31 M¥th 2021

Ashfield Rugby Unlon Fooibau aub Lknited Contents Pages 2to3 Tru5tees' Annual Report Independent Examiner's Report Statement of Financial Activit*s Summary Income and Expenditure Acc(MJnt Balance Sheet Statement of Cash flows Notes to the Accounts 9t015 Detsiled Ststement of FinancÉal Acttvities 16to17 Page I

Ashfield Rugby Union Footbau aub Lnlted Trustee5 Annual Report The Trustees, who are also directors of the charity forthe purposes of the Companies Act 20)6, present their report with the unaudited financial statements of the charity for the year ended 31 March 2021. REFERENCE AND ADMINisfRATIVE DEfAILS Company No. 04997948 Charity Na. 1176244 Reglstered Offte 120 Greenacres Kirkby In Ashfield Nottlnghamshire NG17 7GF Directors and Trustees The Director5 of the charitable company are rts Trustees for the purposes of charity law. The following Direttors and Trustees served during the year: N.M. Cutts B. tk)bb D.R. Owen M.A. Rees E.H. Truswell D. Wood Company Secretsry N.M. Cutts Sunny Accountants knmited 65-67 Church Street Sutton in Ashr￿Id Notts NG17 IFE The Trustees are responsible for keeping proper accounting records that d￿k)se with reasonable accurary at any time the financial position of the charity and to enable them to ensure that the financrdl statements compty with the Compans Art 2￿6. The Trustees are also reswn&ble for safeguarding the assets ofthe charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularrties. The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Art 2(X)6 and in accordan￿ with the Charities SORP IFRS 1021. Signed on behalf of the board Pa8e 2

Ashfield Rugby Union F￿tball aub limited Trustees Annual Report D.R. Owen Trusiee 31 March 2021 Pa8e 3

Ashfiekl Rugby Unkyn Footb￿1 aub L￿￿tted Independent Examiners Report Independent Examiner's Report to the trustes of Adtheld Ru£by Union Foothai aub Limlted I report to the charity trurtees on my examination of the accounts of Ashfield Rugby Union FootbaH Club Limited for the year ended 31 March 2021 which comprise the Statement of Financial ActNities, the Summary Income and Expenditure Ase$ of company law} you are responsible for the p￿ParatIOn of the accounts in accordan￿ with the requirements of the Companies Act 2(M)61'the 20C Having satisfied myself that the accounts of the dhirity are not required to be audited under Part 16 of the 2L￿6 Act and are eligible for independent examination. I rewxt in respect of my examination of your charity's accounts as Carr￿ out under sertk)n 145 of the Charrties Act 20111'the 2011 kt'l. In carrying out my examinat￿n I have followed the Direction5 given bythe Chartty Commission under sectv)n 1451511bl of the 2011kt. Independenl exarniTher's statement I have completed my examination. I can confirm that no material matters have come to my attentKin in connection with the examination giving me cause to beI￿Ve that: • accounting records were not kept in accordano with section 386 of the 2[￿16 Act: or • the accounts do not accord wrth those records- or the accounts do not comply with the accounting requlrements under sect#)n 396 of the 2(M)6 Art other than any requirement that the accounts give a *nJe and fairf view which is not a matter considered a5 part of an independent examination- or • the accounts have not been prepared ￿ accordance with the Charities SORP IFRS 102}. I have no concerns and have come across no other matter5 in connection with the examination to which attention should be drawn in this report in orderto enable a proper understanding of the accounts to be reached. Karl Watts ACA Sunny Accountsnts knmtted 65-67 Church Street Sutton in Ashfield Notts NG17 IFE 31 March 2021 Page 4

Ashfleld Rugby Unlon Footb*l aub Umited Statement of Finandal ArtI￿tieS for the year ended 31 Marth 2021 funds Totsl funds Totsl funds 2021 2021 2010 Income and end¢>wments from". Donations and legacies Charitable artivities Inve5trnents 51.496 14.892 38 51,496 14.892 38 64.593 31.197 32 T¢Aal 66,426 66,426 95.822 Expenthure on: Charitable activities Other 1,920 6,111 1,920 6,111 29,975 16,242 Total 8.031 8.031 46,217 Net gains on investments Net IKome 58,395 58,395 49,605 Transfers between funds Net intomÈ beh)re other gainslllossesl 58.395 49,605 Other gains and losses Net mowment In funds 58,395 58.395 49.605 Reconclllatlon ot fuTh￿. Total funds brou8ht forward 105,228 105.228 55,624 Total fund5 ￿ftled forward 163.623 163.623 105.229 PaEe 5

Aslffield Rugby Union Faotb￿l aub Umlted Summary Income and Expendlture Acc4wnt for the year ended 31 Mafth 2021 2021 2020 Income 66.388 95,790 Interest and investment income 38 32 Gr055 irKome for the year Expenditu 66.426 95,822 6.954 45,144 Depreciètion and Cha￿e5 for impairment offNed assets 1.077 1.073 Total expenditure for the year Net income before tax for the year 8.031 46,217 58,395 49,605 Net Income for the year 58.395 49,605 Page 6

Ashfield Rugby Union F(X)t￿l aub limited Balance Sheet at 31 MaTth 2021 Company No. 04997948 Notes 2021 2020 Fixed a55ets Tangible assets 6,102 6,102 6,082 6,082 Debtors Cash at bank and in hand li 210,989 40,294 251,283 18,7561 242,527 193,999 5.S73 199,572 18,7551 190,817 Creditors: Amount falling due within one year Net current assets 12 Totsl assets le55 current liabllltles 248,629 1%,899 191,6701 105.228 Credit¢)rs: Amounts falling due after more than one year Net assets exduding Pensi￿ asset or liabl￿ty 185,IX161 163,623 Totsl net assets 163,623 105,228 The funds ot the tharlty Restrirted funds Unrestrlcted fvnds General fijnds 14 14 163.623 105,228 163,623 105.228 Resefves 14 Total fvnds 163,623 105,228 These accounts have been prepared tn accordance with the speaal provisions of Part 15 of the Companies Act 2C(J6 relating to small companies. For the year ended 31 March 2021 the CoM￿nY 74YaS enlitled to exemption under sectK)n 477 of the Companies Act 21))6 relating to small companies. The members have nrt required the company to obtain an audii in accordance wtth section 476 of the Companies Act 2CM)6. The dyectors acknowledEe thelr resp)nsIbilit￿$ for comptying with the requlrements of the Companies Act 21J)6 with respect to attounting record5 and the preparation of èccounts. Approved by the board on 31 March 2021 And s8ned on its behalf by: D.R. Owen Trustee 31 March 2021 Page 7

Ashfield Rugby Union Football Oub Limlted Notes to the Accounts for the year ended 31 Marth 2021 l Accounting polld Basis of preparatlon The financial statements have been prepared in accordance wtth Accounting and Reporting by Charities- Statement of Recommended Prattl￿ applicable to charities preparin8 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffectNe I January 20151- (Charities SORP IFRS 1021}, the Financial Reportin8 Standard applicable in the UK and Republic of I￿land IFRS 1021 and the Companies Act 2CQ6. Fund accountln8 Unrestricted funds These are available for use at the discretion of the tnjstees in furtherante of the general ot4ects of the charity. These are UnreStr￿ted funds eam)arked by the tru5tee5 for particukir purpose5. These are unrestrKted fvnds which indude a revaluation reseTre rep￿sentIng the reststement of investment assets at their market values. These are available for use subjert to restrittiorts imposed by the donor or throu8h terms of an appeal. Designated fijnds Revaluation fvnds Restricted funds Income Recognition of income Income is included in the Statement of Finan¢i•l ActNit￿S ISOFAI when the charty becomes entitled to. and virtually certain to receive, the income and the amount of the income can be measured with suffKient reliability. Income wfch related Where wKome has related expenditure the income and related expenditure is expenditure ported gross in the SOF Donations and legacies Voluntsry income recep4ed by way of grants. donations and gifts is included in the the SOFA when recerrfable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax retlaims is Included in the SOFA at the sarne time os the donation5 and Bifts #iftldonation to which rt relates. Donated seryices These are only induded in income (with èn equivalent amount in expenditurel and faciltties where the benefft to the Charity is reasonab￿ quantifiable, measurable and material. Volunteer help The value of any volunteer help receNed is not included in the accounts. Investment income This is included in the accounts when receNable. Gain5lllossesl on Thi5 indudes any 8ain or10ss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gainslllossesl on investment assets This indudes any 8ain or loss on the Sa￿ of investments. Page 8

Ashfleld Rugby Unlon F(¥)tball aub Umlted Notes to the Accounts Expendilure Recognition of expenditure Expenditure Is recognised on an accruals basis. Expendbture includes any VAT which annot be fully recOve￿d. and is repcrfted as part of the expenditure to which it relate& Expendfture on These comprise the costs ass<Kiated with attrarting voluntary income, fundraisin8 raising funds trading costs and investment management cost& Expenditure on These comprise the costs incurred bythe Chartty in the delNery of tts artwities and charitable artwities seryices in the fUrthernn￿ of its ofyects, ind￿lIng the making of grants and governance cost& All grant expenditure is accounted for on an actual paKI basis plus an accwal for grants that have been approved bythe trustees at the end of the year but not yet paid. These include tl¥)5e costs associated with meeting the constFtutional and statutory reqU1￿ments of the Charrty, including any aUdI￿1ndependent examination fees. costs linked to the strategic management of the Charity. together with a Sha￿ of other odministration costs. Other expenditure These are support Costs not allocated to a partKular artNty. Grants payable Governance costs Taxati( The charity is exempt from corporation tsx on its charitable activi￿. Tan8Fble fued assets and depreciath Depreciation is pmvided atthe followin8 annual rates in order to write off each asset over its estimated useful life: Plant & machinery 15% Reducing Trade and other debt Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are ¥a￿ed at the anThint P￿paId net of ary trade discounts due. Cash and cash equlyalents Cash and cash equivalents comprise cash at bank and on hand, demand deposits with bank5 and other short-terni highly liquid investments with original maturities of three months or less and bank overdrafts. In the ststement of financial position, bank overdrdfts are shovffl wtthin borrowings or current liabilities. In the Statement of Cash Fkjws. cash and cash equwalent5 are shown net of bank overdrafts that are repayable on demand and forni an integral part of the company's cash management. Trade and other CTedltor5 Short term uedttors are measured at the transaction price. Other creditors and provtsions a￿ recognised where the charity has a present oblEation resulting from a past erfent 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 re￿abty. Creditors and provisions are normalty recognised at their settlement ar￿Unt after allowing for any trade discounts due. Page 9

Asmleld Ru8by Union F(*)t￿l aub iirrmt Notes to the Accounts Penslon costs The charity operates a defined contri1mrt￿n plan for its employees. A defined contribution plan 15 a pension plan under b¥thich the company pays fixed contributThs into a separate entity. Once tl contributions have been paid the Company has no ￿rther payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid a￿ slb)wn in accrua15 in the balance sheet. The assets of the plan are held Separately from the company in Independent￿ admiftistered funds. Recelpt of donated goods, tddltties and 5eryKes All donated goods. facilities and setvices received are reco8nised within incoming res¢)urces and expendibjre at an e￿IMate of the value to the tharity. 2 Company status The company is a private company limited by 8uarantee and consequentty doe5 not have share capital. 3 Statement of Flnancial Adivities- Pri￿ year lunds Total funds 2020 2020 Donations and legacies Charitable activities 64,593 31.197 32 64,593 31,197 32 Investments Totsl 95.822 95,822 Expenqknire on: Charitable activities 29.975 16,242 29.975 16,242 Other Totsl 46.217 46,217 Net income 49.605 49.605 Net Income before other galnsl(lossesl Other galns and los Net movement in funds 49,frf)5 49,f￿5 49,eiJ5 49,EQ5 Recond11atk￿ of funds: Total funds brought forward Totsl lunds Carried f¢xward 55.624 55.624 105,229 105,229 Page 10

Ashfield Rugby Unlon Foottmll aub Llmlted Note5 to the Accounts 4 Income frcffi donatl*)ns and le8ades Unrestrirted Totsl 2021 Total 2020 Fund raising and d(￿ationS Sponsorship 12.9(M) 38,596 51.496 12,9(KJ 38,5% 51.496 30.738 33.855 64,593 5 Income from tharitable aclivities Unfestrlcted Total Total 2021 2020 Rugby training, match days and tickets 14,892 14,892 31,197 14,892 14,892 31,197 6 Income from In¥estments Unve5trirted Total Total 2021 2020 38 32 38 38 32 7 Expendlture on charitable arti Totsl Totsl 2021 2020 Expenditure on charitable ortivities Rugby trainin& match days and t￿kets 1,1 1,180 29,575 740 740 Governance costs 1,920 1.920 29.975 Pa8e 11

Ashfield Rugby Fi)oth•ll aub Uftthed Notes to the Accounts 8 Other expendlture Total Totsl 2020 2021 Premises costs Amortisation. dep￿ciatIoN, impairmen¢ profitlknss on di5w)sal of r￿ed assets Generdl administratNe costs 4.075 4,075 8.214 1.077 1,077 1.073 377 377 6.031 924 Legal and professional costs 582 582 6,111 6,111 16,242 9 Net Income before transfers 2021 2020 This is stated after charging: Depreciation of owned ft¥ed assets 1,077 1,073 10 T¥n8ible fixed assets Mant & mathknery Total Cost or revaluatlon At l April 2020 Additions 9,540 1,097 10,637 1,097 10,637 At 31 March 2021 Depreciation and iMpaiTmeTrt At l April 2020 Depreciation charge for the year 3.458 3.458 1.077 1,077 At 31 March 2021 4.535 4,535 Net book values At 31 March 2021 At 31 March 2020 11 Debtors 6,102 6,082 6,102 6,082 2021 2020 Other debtors 210.989 210.989 193,999 193,999 Page 12

Ashfield Rugby Football aub Undted Notes to the Accounts 12 Creditor5: amounts falling due within one year 2021 2020 Bank loans and overdrafts Other creditors Accruals and deferred income 6,664 1,731 360 8,755 1,731 361 8.756 13 Creditors: amounts falliTra due after more than one year 2021 2020 Bank loans and overdrafts 85,C#J6 85,￿6 91,670 91,670 Liabiltties repayable in more than five years after the balance sheet date Amount repayable by instalments 58,350 58,350 65,014 65,014 14 Movement In funds Incomlr resources (includin8 At31 Marth 2021 Resources expended At l Aprll 8ainsllosses 2020 Rewicted fi￿￿$. Unrestricted funds: General fund5 105.228 66.426 18.031} 163,623 Re￿luation Reserve5: Total lunds IS Analysis of net a55ets between funds 105,228 66,426 18,0311 163.623 fvnds fvnds Total FFxed assets 6.102 249,191 6,102 242.527 Net current assets C￿dItorS due in more than one year and provisions 16,6641 {85.￿) 185,lJ)61 170.287 16.6641 163.623 Page 13

Ashlleld Rugby Football Umlted Notes to the Accotsnts 16 Re¢w¢iliatlM ol net debt At31 Atlwil 2020 Cash fl¢>ws Marth 2021 Cash and cash equivalents 5.573 5.573 34,721 34,721 40,294 40,294 Bank loans {98,3341 198,3341 (91,6701 191,6701 Net debt 192.7611 41.385 151,3761 17 Related party &isdosures Controlling party Pa8e 14

Ashfield RuEby Unlon Fotltball Oub Llmited Detslled Statement of financial Aclx¥ities for the year ended 31 Marth 2021 fufids Total funds Total funds 2021 2021 2020 Income and elld(v￿nts fruTr: Donations and le8aues Fund raising and donations Sponsofship 12. 38,596 51,496 I2.￿0 38,596 51,496 30,738 33,855 64,593 Charttable artNTties Rugby training, match days and tickets 14.892 14,892 31,197 14,892 14,892 31,197 Investments 38 38 38 32 38 32 Total income and endowments 66,426 66,426 95,822 Expenthture ¢￿. Charitable activities Rugby trainin& match days and tickets 1.1 1,180 29.575 740 1.920 740 1.920 400 29,975 Totsl of expendltwe ￿ tharitsble artbVit•es 1.920 1.920 29.975 P￿rnISeS costs Rent I,5￿) 1.425 480 Rates Li8ht, heat and power Premises deaning Premises insurances Premises repairs and maintenan 2.199 2.199 3.106 570 66 126 126 170 170 2,567 4.075 4,075 ,214 General administratNe costs. inclutling depreciation and amortisation Depreciation of Plant & machinery Subscriptions 1.077 1.077 1,073 377 377 6,031 7.104 1.454 1.454 Legal arbd professional costs Accountanc¥ and bookkeepin8 582 582 924 Page 15

Ashfield Union F¢)otball aub limited Detsiled Statement of Financial Acti¥itses 582 582 924 Total of eyndlturè of other costs Totsl expenditure Net gains on investments 6.111 6.111 16,242 8.031 8.031 46,217 Net income 58.395 58.395 49,605 Net Income before other gain￿{lOSseS) Other Gain5 58,395 58,395 49,605 Net movement In funds 58,395 58,395 49,605 Reconciliation of fund&" Total funds brought fonldard 105,228 105,228 55,624 Total fvnd5 carried forw•rd 163.623 163.623 105,229 Page 16