**Charity registration number 1177142**
**BLACKBURN RUGBY UNION FOOTBALL CLUB ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023**
**PM+M Solutions for Business LLP Chartered Accountants New Century House Greenbank Technology Park Challenge Way Blackburn Lancashire BB1 5QB**
## **BLACKBURN RUGBY UNION FOOTBALL CLUB**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** Mr R H Graham Mr I J Holcroft Mrs D Newman Mr D E Radice Mr D M Scott Mr E P Westhead Mrs J Woodward Mr R Yates Mr D Porter Mr W Rostron Mr P Whitman (Appointed 30 May 2023) Mr A J Morris (Appointed 30 May 2023) Mrs M Allanson (Appointed 30 May 2023) Mrs C A Hanson (Appointed 30 May 2023) **Charity number** 1177142 **Principal address** Ramsgreave Drive Blackburn Lancashire BB1 8BN **Independent examiner** PM+M Solutions for Business LLP New Century House Greenbank Technology Park Challenge Way Blackburn Lancashire BB1 5QB
## **BLACKBURN RUGBY UNION FOOTBALL CLUB**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 2|
|Statement of trustees' responsibilities|3|
|Independent examiner's report|4|
|Statement of financial activities|5|
|Balance sheet|6|
|Notes to the financial statements|7 - 15|
## **BLACKBURN RUGBY UNION FOOTBALL CLUB**
## **TRUSTEES' REPORT**
## **FOR THE YEAR ENDED 31 MAY 2023**
The trustees present their report and financial statements for the year ended 31 May 2023.
The club was registered as a Charitable Incorporated Organisation on 13 February 2018 under Charity registration number 1177142. It operates from the Club's ground at Ramsgreave Drive, Blackburn.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the club's governing document, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2016)
## **Objectives and activities**
The club's objects are:
1) to promote and encourage community participation in healthy recreation by providing facilities for playing Rugby Union football ("facilities" means land, buildings, equipment and organising sporting activities);
2) to provide and assist in providing facilities for sport, recreation or other leisure time occupation of such persons who have need for such facilities by reason of their youth, age, infirmity or disablement, poverty or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving their conditions of life; and
3) to advance the education of children and young people through such means as the trustees think fit in accordance with the law of charity ("the objects").
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the club should undertake.
## **Financial review**
Net incoming resources for the year totalled £30,602. Total fund balances as at 31 May 2023 were £548,826, of which £28,451 were restricted.
The trustees has assessed the major risks to which the club is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
- 1 -
## **BLACKBURN RUGBY UNION FOOTBALL CLUB**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2023**
## **Structure, governance and management**
The members of the club and those persons admitted to membership by the Charity Trustees, in accordance with the constitution, shall be the members of the club.
The Charity Trustees shall manage the affairs of the Club and may for that purpose exercise all the powers of the Club. There must be at least five Charity Trustees and in addition three Property Trustees. The maximum number of Charity/Elected Trustees that can be appointed is sixteen. The maximum number of Property Trustees is four (twenty in total).
The first Charity Trustees shall retire immediately prior to the general meeting in the year but may be re-elected in accordance with the Constitution.
The trustees who served during the year and up to the date of signature of the financial statements were:
Mr R H Graham Mr I J Holcroft Mrs D Newman Mr D E Radice Mr D M Scott Mr E P Westhead Mr M Williams (Resigned 30 May 2023) Mrs J Woodward Mr R Yates Mr D Porter Mr W Rostron Mr P Whitman (Appointed 30 May 2023) Mr A J Morris (Appointed 30 May 2023) Mrs M Allanson (Appointed 30 May 2023) Mrs C A Hanson (Appointed 30 May 2023)
None of the trustees has any beneficial interest in the Club. All of the trustees are members of the Club.
The trustees' report was approved by the Board of Trustees.
## Denise Newman
Ian Holcroft Denise Newman .............................. .............................. **Mr I J Holcroft Mrs D Newman** Trustee Trustee Dated: ...................... 20/02/2024 Dated:...................... 20/02/2024
## Paul Westhead
.............................. **Mr E P Westhead** Trustee Dated:...................... 20/02/2024
- 2 -
## **BLACKBURN RUGBY UNION FOOTBALL CLUB**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
## **FOR THE YEAR ENDED 31 MAY 2023**
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the club and of the incoming resources and application of resources of the club for that year.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the club and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the club and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
- 3 -
## **BLACKBURN RUGBY UNION FOOTBALL CLUB**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF BLACKBURN RUGBY UNION FOOTBALL CLUB**
I report to the trustees on my examination of the financial statements of Blackburn Rugby Union Football Club (the club) for the year ended 31 May 2023.
## **Responsibilities and basis of report**
As the trustees of the club you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the club’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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:
- 1 accounting records were not kept in respect of the club as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
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.
Ceri Dixon BSc ACA PM+M Solutions for Business LLP
New Century House Greenbank Technology Park Challenge Way Blackburn Lancashire BB1 5QB
20/02/2024 Dated: .........................
- 4 -
## **BLACKBURN RUGBY UNION FOOTBALL CLUB**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MAY 2023**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
**33,415**
**17,758**
Charitable activities
**4**
**75,932**
**13,164**
Investments
**5**
**-**
**33**
**Total income**
**109,347**
**30,955**
**Expenditure on:**
Raising funds
**6**
**-**
**24,728**
Charitable activities
**7**
**84,972**
**-**
**Total resources**
**expended**
**84,972**
**24,728**
**Net incoming resources**
**24,375**
**6,227**
**Net movement in funds**
**24,375**
**6,227**
Fund balances at 1
June 2022
**496,000**
**22,224**
**Fund balances at 31**
**May 2023**
**520,375**
**28,451**|**Total**
Unrestricted
Restricted
funds
funds
**2023**
2022
2022
**£**
**£**
**£**
**51,173**
28,447
18,618
**89,096**
74,445
-
**33**
-
2
**140,302**
102,892
18,620
**24,728**
-
21,101
**84,972**
74,132
-
**109,700**
74,132
21,101
**30,602**
28,760
(2,481)
**30,602**
28,760
(2,481)
**518,224**
465,541
24,705
**548,826**
494,301
22,224|Total
2022
**£**
47,065
74,445
2|
|---|---|---|
|||121,512|
|||21,101|
|||74,132|
|||95,233|
|||26,279|
|||26,279
490,246|
|||516,525|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
- 5 -
## **BLACKBURN RUGBY UNION FOOTBALL CLUB**
## **BALANCE SHEET**
## **AS AT 31 MAY 2023**
|**2023**
**2022**
**Notes**
**£**
**£**
**£**
**Fixed assets**
Tangible assets
**10**
**401,267**
**Current assets**
Debtors
**11**
**213,880**
102,118
Cash at bank and in hand
**165,802**
117,059
**379,682**
219,177
**Creditors: amounts falling due within**
**one year**
**14**
**(69,163)**
(94,501)
Net current assets
**310,519**
**Total assets less current liabilities**
**711,786**
**Creditors: amounts falling due after**
**more than one year**
**15**
**(162,960)**
**Net assets**
**548,826**
**Income funds**
Restricted funds
**17**
**28,451**
Unrestricted funds
General unrestricted funds
**354,974**
328,900
Revaluation reserve
**165,401**
165,401
**520,375**
**548,826**
The financial statements were approved by the Trustees on .........................
..............................
........................
..............................
**Mr I J Holcroft**
**Mrs D Newman**
**Mr E P Westhead**
**Trustee**
Trustee
Trustee
Paul Westhead
Ian Holcroft
20/02/2024
Denise Newman|**£**
391,849
124,676|
|---|---|
||516,525
-|
||516,525|
||22,224
494,301|
||516,525|
|||
- 6 -
## **BLACKBURN RUGBY UNION FOOTBALL CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023**
## **1 Accounting policies**
## **Charity information**
Blackburn Rugby Union Football Club is a charitable incorporated organisation registered at the Charity Commission for England and Wales.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the club's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 2019). The club is a Public Benefit Entity as defined by FRS 102.
The club has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the club. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the club has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## **1.4 Incoming resources**
Income is recognised when the club is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the club has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
## **1.5 Resources expended**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category.
- 7 -
## **BLACKBURN RUGBY UNION FOOTBALL CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2023**
## **1 Accounting policies**
## **(Continued)**
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings nil Plant and machinery 25% reducing balance Fixtures and fittings 10% reducing balance Clubhouse 2.5% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Impairment of fixed assets**
At each reporting end date, the club reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.9 Financial instruments**
The club has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the club's balance sheet when the club becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
- 8 -
## **BLACKBURN RUGBY UNION FOOTBALL CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2023**
## **1 Accounting policies**
## **(Continued)**
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and loans are initially recognised at transaction price , where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the club’s contractual obligations expire or are discharged or cancelled.
## **1.10 Leases**
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to net income/(expenditure) for the year so as to produce a constant periodic rate of interest on the remaining balance of the liability.
## **2 Critical accounting estimates and judgements**
In the application of the club’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
- 9 -
## **BLACKBURN RUGBY UNION FOOTBALL CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2023**
## **3 Donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**£**
**£**
Donations and gifts
**8,005**
**-**
Other general grants
**3,568**
**-**
Subscriptions and sponsorships
**21,842**
**17,758**
Gift Aid
**-**
**-**
**33,415**
**17,758**
**For the year ended 31 May 2022**
**28,447**
**18,618**|**Total**
**2023**
**£**
**8,005**
**3,568**
**39,600**
**-**
**51,173**|Total
2022
£
8,097
9,000
26,712
3,256|
|---|---|---|
|||47,065|
|||47,065|
## **4 Charitable activities**
|Advertising
Functions and hires
International tickets
Other income
**Analysis by fund**
Unrestricted funds
Restricted funds|**2023**
**£**
**44,713**
**600**
**27,650**
**16,133**
**89,096**
**75,932**
**13,164**
**89,096**|**2022**
**£**
34,221
4,700
22,386
13,138|
|---|---|---|
|||74,445|
|||74,445
-|
|||74,445|
## **5 Investments**
||**Restricted**|**Restricted**|
|---|---|---|
||**funds**|**funds**|
||**2023**|**2022**|
||**£**|**£**|
|Interest receivable|**33**|2|
- 10 -
## **BLACKBURN RUGBY UNION FOOTBALL CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 MAY 2023**
## **6 Raising funds**
|**7**|**Restricted**
**funds**
**2023**
**£**
Clothing and kit
**3,274**
Trophies and medals
**368**
Tournament entry fees
**200**
Player subsistence
**8,071**
Pitch fees
**12,500**
Trading costs
Other trading activities
**315**
**24,728**
**Charitable activities**|Total
2022
£
3,471
-
150
4,980
12,500|
|---|---|---|
|||-|
|||21,101|
||||
|Rates
Repairs and maintenance
Bank charges
Postage and stationery
Sundry expenses
Depreciation
Non-bank interest on loans
Accountancy fees
Insurance
Programmes
International ticket purchases
Heat and light
Other charitable expenditure|**2023**
**£**
**608**
**26,159**
**846**
**-**
**7,649**
**8,207**
**3,260**
**2,650**
**187**
**391**
**27,304**
**11,098**
**(3,387)**
**84,972**|**2022**
**£**
**394**
**27,488**
**868**
**631**
**7,624**
**4,919**
**-**
**2,700**
**236**
**296**
**23,381**
**5,595**
**-**|
|---|---|---|
|||**74,132**|
During the year there was independent examination fees of £1,750 (2022 - £1,750).
## **8 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the club during the year.
- 11 -
## **BLACKBURN RUGBY UNION FOOTBALL CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2023**
## **9 Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
## **10 Tangible fixed assets**
|**Freehold land**
**and buildings**
**Plant and**
**machinery**
**Fixtures and**
**fittings**
**Clubhouse**
**£**
**£**
**£**
**£**
**Cost**
At 1 June 2022
**215,401**
**872**
**14,089**
**187,432**
Additions
**-**
**13,500**
**2,205**
**2,083**
Disposals
**-**
**(872)**
**-**
**-**
At 31 May 2023
**215,401**
**13,500**
**16,294**
**189,515**
**Depreciation and impairment**
At 1 June 2022
**-**
**655**
**4,624**
**20,666**
Depreciation charged in the year
**-**
**2,813**
**1,138**
**4,202**
Eliminated in respect of disposals
**-**
**(655)**
**-**
**-**
At 31 May 2023
**-**
**2,813**
**5,762**
**24,868**
**Carrying amount**
At 31 May 2023
**215,401**
**10,687**
**10,532**
**164,647**
At 31 May 2022
215,401
217
9,465
166,766
**11**
**Debtors**
**2023**
**Amounts falling due within one year:**
**£**
Trade debtors
**1,952**
Other debtors
**208,746**
Accrued income
**3,182**
**213,880**|**Total**
**£**
**417,794**
**17,788**
**(872)**
**434,710**
**25,945**
**8,153**
**(655)**
**33,443**
**401,267**
391,849
**2022**
**£**
120
99,039
2,959
102,118|
|---|---|
- 12 -
## **BLACKBURN RUGBY UNION FOOTBALL CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2023**
## **12 Loans and overdrafts**
|Bank overdrafts
Other loans
Payable within one year
Payable after one year|**2023**
**£**
**239**
**214,785**
**215,024**
**59,474**
**155,550**|**2022**
**£**
-
72,182|
|---|---|---|
|||72,182|
|||72,182
-|
## **13 Finance lease commitments**
|Future minimum lease payments due under finance leases:|||
|---|---|---|
||**2023**|**2022**|
||**£**|**£**|
|Within one year|**-**|693|
The lease term is 2 years, beginning in October 2020. The average effective borrowing rate for the year was 5.58%. Interest rates are fixed at the contract date. This lease on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.
## **14 Creditors: amounts falling due within one year**
|**Creditors: amounts falling due within one year**|||
|---|---|---|
|**Notes**
Bank overdrafts
**12**
Obligations under finance leases
**13**
Other borrowings
Other taxation and social security
Deferred income
**16**
Trade creditors
Accruals and deferred income|**2023**
**£**
**239**
**1,092**
**59,235**
**(2,168)**
**-**
**6,148**
**4,617**
**69,163**|**2022**
**£**
-
693
72,182
3,694
9,375
5,857
2,700|
|||**94,501**|
- 13 -
## **BLACKBURN RUGBY UNION FOOTBALL CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2023**
|**15**
**Creditors: amounts falling due after more than one year**
**Notes**
Obligations under finance leases
**13**
Borrowings
**16**
**Deferred income**
Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 June 2022
Released from previous periods
Deferred income at 31 May 2023|**2023**
**£**
**7,410**
**155,550**
**162,960**
**2023**
**£**
**-**
**2023**
**£**
**-**
**9,375**
**(9,375)**
**-**|**2022**
**£**
-
**-**|
|---|---|---|
|||**-**|
|||**2022**
**£**
9,375|
|||**2022**
**£**
9,375|
|||2,913
6,462|
|||9,375|
## **17 Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
|||**Movement in funds**|**Movement in funds**||**Movement in funds**|**Movement in funds**||
|---|---|---|---|---|---|---|---|
||**Balance at**|**Incoming**|**Resources**|**Balance at**|**Incoming**|**Resources**|**Balance at**|
||**1 June 2021**|**resources**|**expended**|**1 June 2022**|**resources**|**expended**|**31 May 2023**|
||**£**|**£**|**£**|**£**|**£**|**£**|**£**|
|Mini & Youth -||||||||
|general fund|**10,045**|**16,370**|**(21,101)**|**5,314**|**18,585**|**(24,728)**|**(829)**|
|Mini & Youth -||||||||
|touring fund|**14,660**|**2,250**|**-**|**16,910**|**-**|**-**|**16,910**|
|Colts touring||||||||
|fund|**-**|**-**|**-**|**-**|**12,370**|**-**|**12,370**|
||**24,705**|**18,620**|**(21,101)**|**22,224**|**30,955**|**(24,728)**|**28,451**|
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## **BLACKBURN RUGBY UNION FOOTBALL CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 MAY 2023**
|**18**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Total Unrestricted**
**funds**
**Restricted**
**funds**
**2023**
**2023**
**2023**
**2022**
**2022**
**£**
**£**
**£**
**£**
**£**
Fund balances at 31
May 2023 are
represented by:
Tangible assets
**401,267**
**-**
**401,267**
391,849
-
Current assets/(liabilities)
**282,068**
**28,451**
**310,519**
102,452
22,224
Long term liabilities
**(162,960)**
**-**
**(162,960)**
-
-
**520,375**
**28,451**
**548,826**
494,301
22,224|**Total**
**2022**
**£**
391,849
124,676
-|
|---|---|
||516,525|
- 15 -