Ashfield Rugby Union Football Club Limited
Charity No. 1176244
Company No. 04997948
Trustees' Report and Unaudited Accounts
31 March 2022
Ashfield Rugby Union Football Club Limited Contents
| Pages | |
|---|---|
| Trustees' Annual Report | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Summary Income and Expenditure Account | 4 |
| Balance Sheet | 5 |
| Statement of Cash flows | 6 |
| Notes to the Accounts | 7 |
| Detailed Statement of Financial Activities | 8 to 9 |
Page 1
Ashfield Rugby Union Football Club Limited Trustees Annual Report
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2022.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 04997948
Charity No. 1176244
Registered Office
120 Greenacres Kirkby In Ashfield Nottinghamshire NG17 7GF
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
N.M. Cutts B. Dobb D.R. Owen M.A. Rees E.H. Truswell D. Wood
Company Secretary
N.M. Cutts
Accountants
Sunny Accountants Limited 65-67 Church Street Sutton in Ashfield Notts NG17 1FE
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
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 Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
Page 2
Ashfield Rugby Union Football Club Limited Trustees Annual Report
D.R. Owen
Trustee 31 March 2022
Page 3
Ashfield Rugby Union Football Club Limited Independent Examiners Report
Independent Examiner's Report to the trustees of Ashfield Rugby Union Football Club Limited
I report to the charity trustees on my examination of the financial statements of Ashfield Rugby Union Football Club Limited for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the related notes.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements of the charity 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 charity's financial statements 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 can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:
-
accounting records were not kept in accordance with section 386 of the 2006 Act ; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the financial statements have not been prepared in accordance with the Charities SORP (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 financial statements to be reached.
Karl Watts
ACA / ICAEW Sunny Accountants Limited 65-67 Church Street Sutton in Ashfield
Notts
NG17 1FE 31 March 2022
Page 4
Ashfield Rugby Union Football Club Limited Statement of Financial Activities
for the year ended 31 March 2022
| Notes Income and endowments from: Donations and legacies 4 Charitable activities 5 Investments 6 Total Expenditure on: Charitable activities 7 Other 8 Total Net gains on investments Net income 9 Transfers between funds Net income before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds 2022 £ 21,899 33,713 2 |
Total funds 2022 £ 21,899 33,713 2 |
Total funds 2021 £ 51,496 14,892 38 |
|---|---|---|---|
| 55,614 15,760 26,262 |
55,614 15,760 26,262 |
66,426 1,920 6,111 |
|
| 42,022 - |
42,022 - |
8,031 - |
|
| 13,592 - |
13,592 - |
58,395 - |
|
| 13,592 | 13,592 | 58,395 | |
| 13,592 163,623 |
13,592 163,623 |
58,395 105,228 |
|
| 177,215 | 177,215 | 163,623 |
Page 5
Ashfield Rugby Union Football Club Limited Summary Income and Expenditure Account
for the year ended 31 March 2022
| Income Interest and investment income Gross income for the year Expenditure Depreciation and charges for impairment of fixed assets Total expenditure for the year Net income before tax for the year Net income for the year |
2022 £ 55,612 2 55,614 38,113 3,909 42,022 13,592 13,592 |
2021 £ 66,388 38 |
|---|---|---|
| 66,426 | ||
| 6,954 1,077 |
||
| 8,031 | ||
| 58,395 | ||
| 58,395 |
Page 6
Ashfield Rugby Union Football Club Limited Balance Sheet
at 31 March 2022
| Company No. 04997948 Notes 2022 £ Fixed assets Tangible assets 10 15,488 15,488 Current assets Debtors 11 215,724 Cash at bank and in hand 34,766 250,490 Creditors:Amount falling due within one year 12 (8,755) Net current assets 241,735 Total assets less current liabilities 257,223 Creditors:Amounts falling due after more than one year 13 (80,008) Net assets excluding pension asset or liability 177,215 Total net assets 177,215 The funds of the charity Restricted funds 14 Unrestricted funds 14 General funds 177,215 177,215 Reserves 14 Total funds 177,215 |
2021 £ 6,102 |
|---|---|
| 6,102 210,989 40,294 |
|
| 251,283 (8,756) |
|
| 242,527 248,629 (85,006) |
|
| 163,623 | |
| 163,623 | |
| 163,623 | |
| 163,623 | |
| 163,623 |
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 March 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 31 March 2022
And signed on its behalf by:
D.R. Owen Trustee 31 March 2022
Page 7
Ashfield Rugby Union Football Club Limited Statement of Cash flows for the year ended 31 March 2022
| Cash flows from operating activities Net income per Statement of Financial Activities Adjustments for: Depreciation of property, plant and equipment Dividends, interest and rents from investments Increase in trade and other receivables Increase in trade and other payables Net cash provided by operating activities Cash flows from investing activities Payments for property, plant and equipment Dividends, interest and rents from investments Net cash used in investing activities Cash flows from financing activities Repayment of borrowings Net cash used in financing activities Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Components of cash and cash equivalents Cash and bank balances |
2022 £ 13,592 3,909 (2) (4,735) - 12,764 (13,295) 2 (13,293) (4,998) (4,998) (5,527) 40,294 34,767 34,766 34,766 |
2021 £ 58,395 1,077 (38) (16,990) 1 |
|---|---|---|
| 42,445 (1,097) 38 |
||
| (1,059) | ||
| (6,664) | ||
| (6,664) | ||
| 34,722 | ||
| 5,573 | ||
| 40,295 | ||
| 40,294 | ||
| 40,294 |
Page 8
Ashfield Rugby Union Football Club Limited Notes to the Accounts
for the year ended 31 March 2022
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Fund accounting
-
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
-
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
-
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
-
Income
| Income | |
|---|---|
| Recognition of | Income is included in the Statement of Financial Activities (SoFA) when the charity |
| income | becomes entitled to, and virtually certain to receive, the income and the amount of |
| the income can be measured with sufficient reliability. | |
| Income with related | Where income has related expenditure the income and related expenditure is |
| expenditure | reported gross in the SoFA. |
| Donations and | Voluntary income received by way of grants, donations and gifts is included in the |
| legacies | the SoFA when receivable and only when the Charity has unconditional |
| entitlement to the income. | |
| Tax reclaims on | Income from tax reclaims is included in the SoFA at the same time as the |
| donations and gifts | gift/donation to which it relates. |
| Donated services | These are only included in income (with an equivalent amount in expenditure) |
| and facilities | where the benefit to the Charity is reasonably quantifiable, measurable and |
| material. | |
| Volunteer help | The value of any volunteer help received is not included in the accounts. |
| Investment income | This is included in the accounts when receivable. |
| Gains/(losses) on | This includes any gain or loss resulting from revaluing investments to market value |
| revaluation of fixed | at the end of the year. |
| assets | |
| Gains/(losses) on | This includes any gain or loss on the sale of investments. |
| investment assets |
Page 9
Ashfield Rugby Union Football Club Limited Notes to the Accounts
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
-
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
-
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
-
Other expenditure These are support costs not allocated to a particular activity.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Plant & machinery 15% Reducing
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
Page 10
Ashfield Rugby Union Football Club Limited Notes to the Accounts
3 Statement of Financial Activities - prior year
| 3 Statement of Financial Activities - prior year |
|||
|---|---|---|---|
| Income and endowments from: Donations and legacies Charitable activities Investments Total Expenditure on: Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 Income from donations and legacies Fund raising and donations Sponsorship 5 Income from charitable activities Rugby training, match days and tickets |
Unrestricted £ 2,277 19,622 21,899 Unrestricted £ 33,713 33,713 |
Unrestricted funds 2021 £ 51,496 14,892 38 66,426 1,920 6,111 8,031 58,395 58,395 58,395 105,228 163,623 Total 2022 £ 2,277 19,622 21,899 Total 2022 £ 33,713 33,713 |
Total funds 2021 £ 51,496 14,892 38 |
| 66,426 1,920 6,111 |
|||
| 8,031 | |||
| 58,395 | |||
| 58,395 | |||
| 58,395 105,228 |
|||
| 163,623 | |||
| Total 2021 £ 12,900 38,596 |
|||
| 51,496 | |||
| Total 2021 £ 14,892 |
|||
| 14,892 |
Page 11
Ashfield Rugby Union Football Club Limited Notes to the Accounts
6 Income from investments
| 7 Expenditure on charitable activities Expenditure on charitable activities Rugby training, match days and tickets Governance costs 8 Other expenditure Employee costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 9 Net income before transfers This is stated after charging: Depreciation of owned fixed assets |
Unrestricted £ 2 2 Unrestricted £ 15,060 700 15,760 Unrestricted £ 16,318 5,093 3,909 330 612 26,262 2022 £ 3,909 |
Total 2022 £ 2 2 Total 2022 £ 15,060 700 15,760 Total 2022 £ 16,318 5,093 3,909 330 612 26,262 |
Total 2021 £ 38 |
|---|---|---|---|
| 38 | |||
| Total 2021 £ 1,180 740 |
|||
| 1,920 | |||
| Total 2021 £ - 4,075 1,077 377 582 |
|||
| 6,111 | |||
| 2021 £ 1,077 |
Page 12
Ashfield Rugby Union Football Club Limited Notes to the Accounts
10 Tangible fixed assets
| Cost or revaluation At 1 April 2021 Additions At 31 March 2022 Depreciation and impairment At 1 April 2021 Depreciation charge for the year At 31 March 2022 Net book values At 31 March 2022 At 31 March 2021 11 Debtors Other debtors 12 Creditors: amounts falling due within one year Bank loans and overdrafts Other creditors Accruals 13 Creditors: amounts falling due after more than one year Bank loans and overdrafts Liabilities repayable in more than five years after the balance sheet date Amount repayable by instalments |
Plant & machinery £ 10,637 3,300 13,937 4,535 1,410 5,945 7,992 6,102 2022 £ 215,724 215,724 2022 £ 6,664 1,731 360 8,755 2022 £ 80,008 80,008 53,352 53,352 |
£ - 9,995 9,995 - 2,499 2,499 7,496 - |
Total £ 10,637 13,295 |
|---|---|---|---|
| 23,932 | |||
| 4,535 3,909 |
|||
| 8,444 | |||
| 15,488 | |||
| 6,102 | |||
| 2021 £ 210,989 |
|||
| 210,989 | |||
| 2021 £ 6,664 1,731 361 |
|||
| 8,756 | |||
| 2021 £ 85,006 |
|||
| 85,006 | |||
| 58,350 | |||
| 58,350 |
Page 13
Ashfield Rugby Union Football Club Limited Notes to the Accounts
14 Movement in funds
| Restricted funds: Unrestricted funds: General funds Total funds 15 Analysis of net assets between funds Fixed assets Net current assets Creditors due in more than one year and provisions 16 Reconciliation of net debt Cash and cash equivalents Bank loans Net debt |
At 1 April 2021 163,623 163,623 |
Incoming resources (including other gains/losses ) £ 55,614 55,614 Unrestricted funds £ 15,488 248,399 (80,008) 183,879 At 1 April 2021 £ |
Resources expended £ (42,022) (42,022) Restricted funds £ - (6,664) - (6,664) Cash flows £ |
At 31 March 2022 £ 177,215 |
|---|---|---|---|---|
| 177,215 | ||||
| Total £ 15,488 241,735 (80,008) |
||||
| 177,215 | ||||
| At 31 March 2022 £ |
||||
| 40,294 | (5,528) | 34,766 | ||
| 40,294 (91,670) (91,670) (51,376) |
(5,528) 4,998 4,998 (530) |
34,766 (86,672) |
||
| (86,672) | ||||
| (51,906) |
17 Related party disclosures Controlling party
Page 14
Ashfield Rugby Union Football Club Limited Detailed Statement of Financial Activities
for the year ended 31 March 2022
| Income and endowments from: Donations and legacies Fund raising and donations Sponsorship Charitable activities Rugby training, match days and tickets Investments Total income and endowments Expenditure on: Charitable activities Rugby training, match days and tickets Total of expenditure on charitable activities Employee costs Staff welfare Premises costs Rent Rates Light, heat and power Premises insurances Premises repairs and maintenance General administrative costs, including depreciation and amortisation Depreciation of Plant & machinery Depreciation of Subscriptions |
Unrestricted funds 2022 £ 2,277 19,622 21,899 33,713 33,713 2 2 55,614 15,060 700 15,760 15,760 16,318 16,318 1,875 433 - - 2,785 5,093 1,410 2,499 330 |
Total funds 2022 £ 2,277 19,622 21,899 33,713 33,713 2 2 55,614 15,060 700 15,760 15,760 16,318 16,318 1,875 433 - - 2,785 5,093 1,410 2,499 330 |
Total funds 2021 £ 12,900 38,596 |
|---|---|---|---|
| 51,496 | |||
| 14,892 | |||
| 14,892 | |||
| 38 | |||
| 38 | |||
| 66,426 1,180 740 |
|||
| 1,920 | |||
| 1,920 - |
|||
| - | |||
| 1,500 80 2,199 126 170 |
|||
| 4,075 | |||
| 1,077 - 377 |
Page 15
Ashfield Rugby Union Football Club Limited Detailed Statement of Financial Activities
| Ashfield Rugby Union Football Club Limited Detailed Statement of Financial Activities |
|||
|---|---|---|---|
| Legal and professional costs Accountancy and bookkeeping Total of expenditure of other costs Total expenditure Net gains on investments Net income Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
4,239 612 612 26,262 42,022 - 13,592 13,592 - 13,592 163,623 177,215 |
4,239 612 612 26,262 42,022 - 13,592 13,592 - 13,592 163,623 177,215 |
1,454 |
| 582 | |||
| 582 | |||
| 6,111 | |||
| 8,031 - |
|||
| 58,395 | |||
| 58,395 - |
|||
| 58,395 | |||
| 105,228 | |||
| 163,623 |
Page 16