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2023-05-31-accounts

Pages
Trustees'
Annual
Report
Independent
Examiner's		 Report
Statement of Financia I Activities
Summary
Income and		 Expenditure Account
Balance Sheet
Statement ofCash flows
Notes to the Accounts
Detailed Statement of Financial Activities 8to 9

Statement o
for the year		 f Financial Activit
ended 31March		 ies
2023
Unrestricted
funds Total funds Total funds
2023 2023 2022
Notes f
Income and endowments
from:
Donations and legacies 29,405 29,405 21,899
Charitable activities 49,674 49,674 33,713
Investments 131 131 2
Total 79,210 79,210 55,614
Expenditure on:
Charitable activities 49,625 49,625 15,760
Other 13,003 13,003 26,262
Total 62,628 62,628 42,022
Net gains on investments
Net income 16,582 16,582 13,592
Transfers
between
funds
Net income before other
gains/(losses) 16,582 16,582 13,592
Other gains and losses
Net movement
in funds		 16,582 16,582 13,592
Reconciliation
offunds:
Total funds brought forward 177,215 177,215 163,623
Total funds carried forward 193,797 193,797 177,215

2023 2022
f f
Income 79,079 55,612
Interest and investment income 131
Gross income for the year 79,210 55,614
Expenditure 57,851 38,113
Depreciation and charges for
impairment offixed assets 4,777 3,909
Total expenditure
for the year		 62,628 42,022
Net income before tax for the year 16,582 13,592
Net income for the year 16,582 13,592

Ashfield
Rugby Union Football Club Limited
Balance Sheet
at 31March 2023		 Ashfield
Rugby Union Football Club Limited
Balance Sheet
at 31March 2023
Company
No.
04997948		 Notes 2023 2022
f f
Fixed assets
Tangible assets 10 22,074 15,488
22,074 15,488
Current assets
Debtors 11 369,664 215,724
Cash at bank and in hand 34,158 34,766
403,822 250,490
Creditors: Amount
falling due within one year		 12 (8,755) (8,755)
Net current assets 395,067 241,735
Total assets less current
liabilities		 417,141 257,223
Creditors: Amounts falling due after more than one year 13 (223,344) (80,008)
Net assets excluding pension asset or liability 193,797 177,215
Total net assets 193,797 177,215
The funds ofthe charity
Restricted funds 14
Unrestricted
funds		 14
General funds 193,797 177,215
193,797 177,215
Reserves 14
Total funds 193,797 177,215

2023 2022
f f
Cash flows from operating activities
Net income per Statement of Financial Activities 16,582 13,592
Adjustments
for:
Depreciation
ofproperty,
plant and equipment		 4,777 3,909
Dividends,
interest and		 rents from investments (131) (2)
Increase
in trade and other receivables		 (153,940) (4,735)
Net cash (used in)/provided by operating activities (132,712) 12,764
Cash flows from investing activities
Payments
for property,		 plant and equipment (11,363) (13,295)
Dividends,
interest and		 rents from investments 131 2
Net cash used in investing activities (11,232) (13,293)
Cash flows from financing activities
Repayment
of borrowings		 143,336 (4,998)
Net cash from/(used
in) financing
activities		 143,336 (4,998)
Net decrease
in cash and cash equivalents		 (608) (5,527)
Cash and cash equivalents at the beginning ofthe year 34,766 40,294
Cash and cash equivalents at the end ofthe year 34,158 34,767
Components
ofcash and cash equivalents
Cash and bank balances 34,158 34,766
34,158 34,766

Fund accoun Fund accoun ting
Unrestricted funds These are available for use at the discretion ofthe trustees in furtherance of the
general objects ofthe 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
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 ofgrants, 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 offixed at the end ofthe year.
assets
Gains/(losses)
on		 This includes
any gain or loss on the sale of investments.
investment assets

3 Statement of Financial Activities -prior year
Unrestricted
funds Total funds
2022 2022
Income and endowments from:
Donations and legacies 21,899 21,899
Charitable activities 33,713 33,713
Investments 2 2
Total 55,614 55,614
Expenditure
on:
Charitable activities 15,760 15,760
Other 26,262 26,262
Total 42,022 42,022
Net income 13,592 13,592
Net income before other
gains/(losses) 13,592 13,592
Other gains and losses:
Net movement in funds 13,592 13,592
Reconciliation offunds:
Total funds brought forward 163,623 163,623
Total funds carried forward 177,215 177,215
4 Income from donations and legacies
Unrestricted Total Total
2023 2022
Fund raising and donations 2,429 2,429 2,277
Sponsorship 26,976 26,976 19,622
29,405 29,405 21,899
5 Income from charitable activities
Unrestricted Total Total
2023 2022
Rugby training,
match days
and tickets		 49,674 49,674 33,713
49,674 49,674 33,713

Unrestricted Total Total
2023 2022
131 131
131 131
7 Expenditure on charitable activities
Unrestricted Total Total
2023 2022
Expenditure on charitable
activities
Rugby training, match days
and tickets 48,425 48,425 15,060
1,200 1,200 700
Governance costs
49,625 49,625 15,760
8 Other expenditure
Unrestricted Total Total
2023 2022
Employee costs 16,318
Premises costs 7,182 7,182 5,093
Amortisation, depreciation,
impairment, profit/loss on 4,777 4,777 3,909
disposal offixed assets
General administrative costs 423 423 330
Legal and professional costs 621 621 612
13,003 13,003 26,262
9 Net income before transfers
2023 2022
This is stated after charging: f f
Depreciation ofowned fixed assets 4,777 3,909

10 Tangible fixed ass ets
Plant &
machinery Total
Cost or revaluation
At 1April 2022 13,937 9,995 23,932
Additions 11,363 11,363
At 31March 2023 25,300 9,995 35,295
Depreciation
and
impairment
At 1April 2022 5,945 2,499 8,444
Depreciation
charge for the
year		 2,903 1,874 4,777
At 31March 2023 8,848 4,373 13,221
Net book values
At 31March 2023 16,452 5,622 22,074
At 31March 2022 7,992 7,496 15,488
11 Debtors
2023 2022
f E
Other debtors 369,664 215,724
369,664 215,724
12 Creditors:
amounts
falling due within one year
2023 2022
f f
Bank loans and overdrafts 6,664 6,664
Other creditors 1,731 1,731
Accruals 360 360
8,755 8,755
13 Creditors:
amounts
falling due after more than one year
2023 2022
f E
Bank loans and overdrafts 73,344 80,008
Otherloans 150,000
223,344 80,008
Liabilities repayable in more than five years
after the balance sheet date
Amount
repayable		 by instalments 46,688 53,352
46,688 53,352

Incoming
resources At 31
At 1April (including
other
gains/losses		 Resources
expended		 March
2023
2022 )
Restricted funds:
Unrestricted funds:
General funds 177,215 79,210 (62,628) 193,797
Total funds 177,215 79,210 (62,628) 193,797
15 Analysis of net assets between funds
Unrestricted Restricted
Total
funds funds
Fixed assets 22,074 22,074
Net current assets 401,731 (6,664) 395,067
Creditors due
provisions		 in more than one year and (223,344) (223,344)
200,461 (6,664) 193,797
16 Reconciliation ofnet debt
At 31
At 1April March
2022 Cash flows 2023
f
Cash and cash equivalents 34,766 (608) 34,158
34,766 (608) 34,158
Borrowings (150,000) (150,000)
Bank loans (86,672) 6,664 (80,008)
(86,672) (143,336) (230,008)
Net debt (51,906) (143,944) (195,850)
17 Related party disclosures
Controlling party

Unrestricted
funds Total funds Total funds
2023 2023 2022
Income and endowments from:
Donations
and		 legacies
Fund raising and donations 2,429 2,429 2,277
Sponsorship 26,976 26,976 19,622
29,405 29,405 21,899
Charitable
activities
Rugby training,
tickets		 match days and 49,674 49,674 33,713
49,674 49,674 33,713
Investments
131 131
131 131
Total income and endowments 79,210 79,210 55,614
Expenditure
on:
Charitable
activities
Rugby training,
tickets		 match days and 48,425 48,425 15,060
1,200 1,200 700
49,625 49,625 15,760
Total ofexpenditure
activities		 on charitable 49,625 49,625 15,760
Staff welfare 16,318
16,318
Premises costs
Rent 1,125 1,125 1,875
Rates 205 205 433
Premises repairs and
maintenance		 5,852 5,852 2,785
7,182 7,182 5,093
General administrative costs,
including
depreciation		 and
amortisation
Depreciation
machinery		 of Plant & 2,903 2,903 1,410
Depreciation of 1,874 1,874 2,499
General insurances 93 93
Subscriptions 330 330 330
5,200 5,200 4,239
Ashfield
Rugby Unio
Detailed Statement		 n Football Club Limited
of Financial Activities
Accountancy
and		 bookkeeping 621 621 612
621 621 612
Total ofexpenditure ofother costs 13,003 13,003 26,262
Total expenditure 62,628 62,628 42,022
Net gains on investments
Net income 16,582 16,582 13,592
Net income before other
gains/(losses) 16,582 16,582 13,592
Other Gains
Net movement
in funds		 16,582 16,582 13,592
Reconciliation
offunds:
Total funds brought forward 177,215 177,215 163,623
Total funds carried forward 193,797 193,797 177,215