Règistered Charity number 1176244 (England and Walesl Company nuM￿r 04997948 ASHFIELD RUGBY UNION FOOTBALL CLIJB UMITED A COMPANY UMITED BY GUARANTEE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ASHFIELD RUGBY UNION F(K)TB L CLUB LI REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AIARCH 2024 CONTE L8gal and admintstrative detsiLs 2- S Report ofthe truslees Report ofthe independent exam Slaternenl offinanual a¢thw"ties 8alarLce sheet 9- 15 Notes lo the finartial statements ASHFIELD RUGBY UNION FOOTBALL CLUB LIPATED L• al and administrative detai18 Company Secretary N.M. Cutts Trustees N.M. Cutts D.R. (Jven (resiqned 29 May 20231 MA Rees D. Wood D. Pouttw (resigned 20 May 20241 T.M Chikls lappoinled 25 Juty 20231 T. Greasley (appointed 25 Juty 20231 L. R￿eY {appointed 25 20231 Tawor A.P. Ward IresTrgned 25 January 20251 J.L. Heatd IresvJnèd 25 Juty 20231 B. Dobb lapF)ointed 25 Juty 2024) L Reeves lappotnled 2 June 2024) . Tumbel (appointed 2 June 2024) Registered Office 120 Greenaues rkby-in.Astheidl Nottingham England NG17 7GF Registèrèd Comp5ny Nurnber 04997948 Registered Charity Number 1176244 Enyand & Wales 1176244 Bankers Lws Bank 25 Grantham Street LorTrdon EC2V 7HN Independènt Examinèr Mr Phillip NKhobon Stopfords Imansfieldl Ltd Synergy House 7 Acom Business Pa Conynercial Gate Mansfield NottirMjhan￿hjre NG18 1EX ASHFIELD RUGBY UNION FOOTBALL CLUB UMrrED Truste Annual Re ARUFC Ltd has Contin￿d lo trade through 202312024. hrfwever the incon* on li¢*et s￿e$ and sponsorship has somavhat decreased in the year £39.455 compared to thè preV￿uS year£79,248 due to the dosure of Ihe bank accounts th 1055 01 subscripb'ons. However. members have con*r¥Jed to SUPPOrt us and sinc• bègun to rearrartge subscription payment$ lo the thb. ARUFC Ltd are proud lo report the ft)m￿t￿￿ of the age grade girfs rugby teams during the year, under 12$, 14s & 16s, Vvhich have been ￿MPetiThg in tournamènts and matches in order lo raise the awareness of girl's njgby al Ashfietd Rugby Union Football Club Ltd. ARUFC Ltd have begun offerty)g sponsix5hip packages for players and a￿ foscuswjg on pubk events to help push the lundraising èfforts. T.M Childs (appointed 25 Juty 2023} Thomas Chikds is a player, parent arKI cx)ath at Ashfield and will be helping lo sel up a new bsite lor thÈ club. T. Grea$l•y (appointed 2S July20231 Tom Greasley is a ptayer xnd and be conln"bulrng toward5 sponsorships for the club. L. Riley (appointed 25 Juty 20231 Lois Riley is a parenL (Thch and be contrIbU￿ng wilh evenly and as Ihe new Treasurer for the club. A. Taylor Mandy Ta￿or￿aS a ladies player and is a t￿￿h f0rAshr￿￿. Manrty wll be ￿thbUt1ng wth events and A.P. Ward Pete is a player and parent atlhe thb. Pete wll be c(￿lrit￿￿llng wlh Ihe logistKs at the club and 8$ directorof Junior Rugby. ASHFIELD RUGBY UNION FOOTBALL CLUB LIMrrED Tmstees Re includin Directo￿ Re ort lor the ear ended 31 MARCH 2024 The Trustees present their report and financial ststements of Ihe charity for Ihe year ended 31 MARCH 2024. The trustees have adopted the provisions of the Statement of Recommended Practice {SORPI-Accounb"ng and Repoiting by Charities" in pieparing the annual report an¢J financial statements of the charity. The financial statements have been prepared in accordance ¥wth the accounling policies sel out in notes to the accounts and compty with the charty's goveming docurnent. the Charitie5 Act 2011 and Accounting and Reporting by Charib'es". Statement of Recornrnended Practice applicable to charits.es preparing Iheir accounts in accordance ¥wth the Finanual Repo￿"n9 Standard applicable in the UK and Republic of Ireland published in October 20191. Goveming document ASHFIELD RUGBY UNION FOOTBALL CLUB LIMITED is limited by guarantee and governed by ¢ts Articles of Associab"on dopted on incorporation dated 17 December 2003. It is registered as a charity wth Ihe Charity Commission. Trnstees ofthe charity The directors ol the charitable corTJpany are its truslees for the purposes ol charity law. The trustees who have served during the year and since the year end were as follows_. N.M. Cutts D.R. Owen (resigned 29 May 20231 MA. Rees O. Wood D. Poulter(￿s1g￿ed 20 May 20241 T.M Child5 lappoinled 25 Juty 20231 T. GTeasley (appointed 25 Juty 20231 L. Riley lappointed 25 Juty 20231 Ta￿Or AP. Ward Iresigned 25 January 20251 J.L. Heald (resigned 25 Juty 20231 B. Dobb lappointed 25 Juty 20241 L. Reeves lapF>ointed 2 June 20241 M. Tumbell (appointed 2 June 20241 Appointment ot diiectors As sel out in the Article$ olAssocialion the directors are appointed by the companyfrom out of the mombers. The board of directors comprises the Chairrnan. and a minimum 0fth￿e trustees, lor such other numbèrs of members as the cornpany, in general meeting, shall frorn time to time fix) appoinled by the company in general meetin9, each of whom shall be Chosen as iepresenting one oflhe persons or bodies which are ordinary members of the company or representats've members of the company. The board may also C(￿pt other persons as rt thinks fit to join the board and vole. Indu¢tlon and training of directors New directors undergo an induction pro￿$ aims to inforn) them of Iheir responsibilibes as trnstees ofthe ¢harity. Objects of the charitable company The objects of the charity as set out in its Ajtcles of Association are to prornole sporting, leisure and recreational faalitses related to Rugby Union Football in the areas of both Ashfield and Mansfield District Councils vAth the object of improving the cOnd￿.0nS of life for the inhabitants of thg$e districts. Public Benefit The Rugby Club charity works dosety wth the local community to provide coaching. training and development through promoting sporting and social skills aimed at children from 5 years and above. The Rugby Club not onty promotes junior Rugby but also encourages The Rugby Club charity works closety wth the local community to prov¥le coaching. training and development through promoting sporting and social skills aimed at chifdren trom 5 years and above. The Rugby Club not onty promotes junior Rugby but also encourages participation ol tnen and women's tearns. regardless of experience. ASHFIELD UGBY UNION FI)OTBALL CLUB Trustèès Re ort udl Olrectots Re ort continued for the 1 MARCH 2024 Organisation of the charitable company The board of direclors administer the Gharity. The board meets at least quarterly arml on 8 [r￿￿e frequent basis ￿en it is deemed necessary. A Ch*f &YecutNe is appointed by the board to manage the day lo day OFerab"ons of the charity. To facilitste effective operalions. the Chief Executive has delegated aulhty. wthin the temis of deJè9atron approved by the dtredors, for operalional matters including finance and ernploymenl. Achievernents and perfomiance This is covèred vAthin the Tr￿tee.$ report on page 2. Financial review ARUFC Ltd has had a steaty year wrfh the overall incom¢ tn r￿e lasl year. The final fwJure forthe year is £39.4￿. This is 8 decrease of £39.793 ¢)n last year and the incc¥ne is made up of fundraising. donations & sponsorships, Rugby training. mal¢* days and t￿kets. ARUFC continues to ifs n￿nbe[S year on year. ofi 31st March 2024 total unrestricted re3ew¥es show a surplus of £210.673 {2￿23 surptus £193,115). Reserves (defined as UnrÈstrrJed Re5er¥es ￿s$ Intangible and Tangibk Assets) show 8 surplus of £210.67312023 surplus £193.1151. We had a lot of turrnoil during this peiiod 7*rith the unavoidable dosurè of our bank ar￿Unt This did put pressure on us and we did suffer frIM a drop in revenue as a resutt of this. We are very grateftjl fot our merTthrs and all of Ihe companies that supported us through this tjme whidl enab￿ us to contwiue fvncboning as a dub and buikl the fwndations up once again. Plans forthe future We are looking to open a club shop on site sell dub merthandise as 7AEII as beverages and eventualy food. from the &te ol what is ¢urrenty the outside bar. We continuè tts promole sFonsorship packages ts bolh Ihe dub and players so that our dub and players arè ablè to participate in rugby w￿ls1 not suffering a finanual ￿rdÈn. Somè of the pitches have a drainage problem needs addressing and then plan to get1100(lighting fot the pitche5. Both of which will require significant financial èxpermliiure and we shan therefore be seekin9 spons¢rship and ¢omplet￿g fundraising in ordèrto finance this. HFIELD RUGB UNION FOOTBALL CLUB LIMrrED Trustees Re ort includln Dlrtctors Re conlinued forthe ear •Thd￿ 31 MA Reserves policy The charrty akns lo mwntain *quate reserves sullthntto enswe IhaL {al its financial posibon is protected shoukl there be a sudden dowTrtum in NKome'. Ibl is Protecti￿ against periodic adverse cha￿$ w) tsshfkw, {cl reSou￿¢S are ¥vwlalJle to allow for lily0v￿$ kn the ch8rWs n¥in purpose. Tho reserves p(Aicy is nKJr4tored by r* of the threctr)rs ofthe corr¥yany. Sh￿d tho lever of reseryes fall belowthe levels déemed sufficient. the dlrectofs dosely monitorthe perfcrfmarKe of the charltywtlh 8 to irKrea5ing reserves back to levels that are considered to be adequata or take nètsssary uitrcal steps to preventfLTrther reduclion in reserves. Rl$k anatysis The d1￿clor$ have put ID place a risk management strategy to pU￿ue managemeni goals and obJÉelNÈs. These goa15 and objectives include- l. Avoiding exposure to acadental kjss by not undertak¥u events. conbzds, ot aGbwbes vhwe Ihe potential loss is greater than the polential benefft to be derived frorn these undertakings. 2. Preventing Ioss ty i¢Jentifying potentiat loss exposures and implemÈntirg poI￿leS and procedures to reduce the risk of the$0 losses occurrin9, 3. Controlliwwj los￿$ that do occur by developing conts"nge￿ plans for possit4e loss scenarios. The dimctors eonsldèrll* risks to ¥thich the chanty Is exkwd and the risk management strattyy at board mèeting$. These finanryal 5ts1ements have been prepared in %cordance 7hith the prowsions appkat4e to companies $ubie¢t lo the small companies. rÈgime_ By order of the b08rd of diredors." Slgned.. Date: go//2S Director.. L Riley ASHFIELD RUGBY UNION FOOTBALL CLU8 LIMrrED Independent Examlnerfs Report to the Trustees of Asfield RLtgby Union Football Club Llmited. I report to the trusteès on my examination ofthe financial statements of ASHFIELD RUGBY UNION FOOTBALL CLUB LIMITED Ilhe charrtll forthe year ended 31 MARCH 2024 which are sel out on the pages 2 to 15. ResponsibllStles and basls of report As the trustees of the company land also its dire¢lors for Ihe purposes of company lawl you are ￿SpOnSible for the preparation of the financial statements in accordance wrth the requirements of the Companies Act 2006 Cthe 2006 ACYI. Having satisfied mysem that the 8¢counls ofthe company are not required to be audrtet1 under Part 16 ofth¥ 2006 Ad and are eligible for independent examination, I report in respect of my examination of the charrtls accounts as ¢arried out under sèction 145 of the Charities Act 2011 I'the 2011 ACYI. In ¢arrying rHJt my examinab.on I have followed the Direcb"ons given by the Charity Commission under secbon 14515llbl of the 2011 Act Independent examlnerfs stat•m•nt I have complete<1 my examination. I confirm Ihat matters have comè to my attention in connection with the exarnination giving me cause to believe that in any rnateri￿ respect.. accounting records were nol kept in ￿speCt of the charity as required by section 386 ofthe 2006 A¢t', or 2. the accounts do not a¢¢ord wlh Ihose records., OT 3. the accounts do not comply with the accounting requirements of section 398 of Ihe 2006 Acl other than any requlrement that the accounls give a'true and fair view whith is nol a matter considered as part of an independent examination.. or the accounts have not been prepared in accordance V+rylh the methods and prinuples of the Statement of Re¢ommended Practice for accounb.ng and reporting by charitie5 applicable to charitses preparing Iheir accounts in accordance ￿th the Finanelal Reporting Standard applicable rn Ihtr UK and Republic of Ireland IFRS 1021. I have no concems and have come arJoss no other matters in connedion ￿th the examination to whi¢h attefttion should be drawn in this report in order lo enable a proper understandirkg of the accounts to be reached. Mr Phillip Nicho150n for and on behalf of Stopfords Imansfieldl Lts1 Date= Chartered Accountants statutory Auditor Synergy House 7 Acorn Business Park Commercial Gate Mansfield Nottinghamshire NG181EX ASHFIE GBY UNION FOOTBALL CLUB UMITED Statement ol Flnanelal Actlvlllès fortho èar Includln Ineomè and Ex ndiiure Account Notes Unrestricted 2024 Total 2024 Total 2023 INCOME AND ENDOWMEwfs FROM: Cha*itabk• adi4di•s 39.455 39.455 79,248 Inv&stmtnts Interest received Total Incorne and endo¥nnen¢s: 39.455 39.455 79,248 EXPENDITURE ON: Char*&)h 19.749 19.749 82,148 Govemance Costs 2.148 2.148 1,200 Total resources expended 21.897 21,897 63,348 Nti in¢ornellexpenditurel 17,558 17,558 15.￿0 Other recognised galns GainllLossI on disposal of fixed assets Net movement In funds 17.558 17.558 15,9LK) Balances brought lo￿ar¢I at 1 ApTrll 2023 193,115 193.115 177,215 Balances carried fop*ard at 31 MARCH 2024 210,673 210,673 193.115 The stat8menl of finanual adly￿.eS also comples ihe requirements for an income and expenditure accounl under ihe Compani¢& Ad 2006. The notes on pages 9 to 15 form part ol these finanual statements. ASHFIELD RUGBY NION FOOTBALL CLUB UMrrED Balance Sheet as at 31 MARCH 2024 Notes 2024 2023 Fixed assets Tangible fixed assets 22.476 26.154 Current assets Debtors Bank and cash 393,860 20,847 414.707 369,664 27.730 397,394 Creditors= Amounts falling due within one year 8.164 8,755 Net current assetsllliabilitiesl 406.543 429,019 388.639 414.793 Creditors: Amounts falling due in more than one year 10 1218.3461 1221.6781 Total assets less current liabilities 210.673 193.115 Charity funds Unrestricted fund5 210.673 193,115 Total Charity fltnds 210.673 193.115 For the financial year ending 31 MARCH 2024 the chartty wa5 entilled to exemption fmm audit under section 477 of the Companies Act 2006 relatin9 lo small companies. Thè directors acknowle