REGISTERED CHARITY NUMBER: 1182887
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2024
for
UK Armed Forces Rugby Football Club
EQ Accountants Ltd 47-49 The Square Kelso Roxburghshire TD5 7HW
Document ID: e51c56b5-8d34-42fa-a9ee-adab053b1156
UK Armed Forces Rugby Football Club
Contents of the Financial Statements for the Year Ended 31 March 2024
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | ||
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
Document ID: e51c56b5-8d34-42fa-a9ee-adab053b1156
UK Armed Forces Rugby Football Club
Reference and Administrative Details for the Year Ended 31 March 2024
| TRUSTEES | Ian Townsend CBE- Chair |
|---|---|
| Alun Roberts - Vice Chair | |
| Paul Godfrey | |
| Stephen Moorhouse CBE | |
| Helena Clennell | |
| James Cook OBE | |
| Dr Sarah Rowell | |
| PRINCIPAL ADDRESS | c/o 2Lt Michael Todd, British Army |
| A Company, 6 Scots Hepburn House | |
| ARC 89 East Claremont Street | |
| Edinburgh | |
| EH7 4HU | |
| REGISTERED CHARITY | 1182887 |
| NUMBER | |
| INDEPENDENT EXAMINER | EQ Accountants Ltd |
| 47-49 The Square | |
| Kelso | |
| Roxburghshire | |
| TD5 7HW |
Page 1
Document ID: e51c56b5-8d34-42fa-a9ee-adab053b1156
UK Armed Forces Rugby Football Club
Report of the Trustees for the Year Ended 31 March 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
Charitable Purpose
To promote military efficiency of his majesty's armed forces in such charitable ways as the trustee think fit with particular reference to: a) increasing physical health and fitness; b) fostering esprit de corps; and c) raising morale; of members of the armed forces. In particular, (but not by way of limitation), the trustees may further the object through encouraging and facilitating the participation in, and provision of or assisting in the provision of facilities for, playing rugby union within the UK Armed Forces and the community in accordance with the laws of the game as promulgated by the Rugby Football Union (RFU).
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Through a programme of rugby training, fixtures, and participation in high-profile rugby tournaments the charity has furthered its purposes. The year started with a fixture for the Senior Men against a North of England XV in aid of the charity Military vs Cancer. This fixture acted a warm-up prior to the Men's team travelling to France for the International Defence Rugby Competition (IDRC) in Aug 2023, where they fell short of reaching the final with a loss against Fiji in the semi-final; but instead going on to pick up the bronze medal, with a 24-12 victory over New Zealand in the third/fourth place match. The routine remembrance fixtures in Nov 2023 saw UKAF Women play against Bristol Bears at Kingsholm Stadium and the Men travelled out to Poland to compete against the Polish Military. The year then finished with the UKAF U23s playing 2 fixtures against Hartpury College and Bristol University in the build up to their capped fixture
FINANCIAL REVIEW
Reserves policy
At 31 March 202 4, the charity have reserves of £120,834.
The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. These will be set at the average of one year's operating expenses of £160k. The Trustees aim to ensure that the charity will be able to fulfil its charitable objectives even if there is a temporary shortfall in income and unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
Trustees are elected by volunteering
09/09/2024 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Ian Townsend CBE - Chair
Page 2
Document ID: e51c56b5-8d34-42fa-a9ee-adab053b1156
Independent Examiner's Report to the Trustees of UK Armed Forces Rugby Football Club
Independent examiner's report to the trustees of UK Armed Forces Rugby Football Club
I report to the charity trustees on my examination of the accounts of UK Armed Forces Rugby Football Club (the Trust) for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts 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 accounts to be reached.
Caroline Tice BA CA The Institute of Chartered Accountants of Scotland
EQ Accountants Ltd 47-49 The Square Kelso Roxburghshire TD5 7HW
10/09/2024 Date: .............................................
Page 3
Document ID: e51c56b5-8d34-42fa-a9ee-adab053b1156
UK Armed Forces Rugby Football Club
Statement of Financial Activities for the Year Ended 31 March 2024
| 31/3/24 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 77,501 Other trading activities 2 75,000 Investment income 3 914 Total 153,415 EXPENDITURE ON Raising funds 4 10,190 Charitable activities Team Expenses 107,406 Total 117,596 NET INCOME 35,819 RECONCILIATION OF FUNDS Total funds brought forward 85,015 TOTAL FUNDS CARRIED FORWARD 120,834 |
31/3/23 Total funds £ 96,711 75,000 91 |
|---|---|
| 171,802 | |
| 5,510 163,997 |
|
| 169,507 | |
| 2,295 82,720 |
|
| 85,015 |
The notes form part of these financial statements
Page 4
Document ID: e51c56b5-8d34-42fa-a9ee-adab053b1156
UK Armed Forces Rugby Football Club
Balance Sheet 31 March 2024
| 31/3/24 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 527 CURRENT ASSETS Debtors 8 3,275 Cash at bank 121,438 124,713 CREDITORS Amounts falling due within one year 9 (4,406) NET CURRENT ASSETS 120,307 TOTAL ASSETS LESS CURRENT LIABILITIES 120,834 NET ASSETS 120,834 FUNDS 10 Unrestricted funds 120,834 TOTAL FUNDS 120,834 |
31/3/23 Total funds £ 658 - 85,377 85,377 (1,020) 84,357 85,015 85,015 85,015 85,015 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 09/09/2024
.............................................
Ian Townsend CBE - Chair
The notes form part of these financial statements
Page 5
Document ID: e51c56b5-8d34-42fa-a9ee-adab053b1156
UK Armed Forces Rugby Football Club
Notes to the Financial Statements for the Year Ended 31 March 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
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. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 31/3/24 | 31/3/23 | |
| £ | £ | |
| Sponsorships | 75,000 | 75,000 |
Page 6
continued...
Document ID: e51c56b5-8d34-42fa-a9ee-adab053b1156
UK Armed Forces Rugby Football Club
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
3. INVESTMENT INCOME
| 3. | INVESTMENT INCOME | ||
|---|---|---|---|
| 31/3/24 | 31/3/23 | ||
| £ | £ | ||
| Bank interest | 914 | 91 | |
| 4. | RAISING FUNDS | ||
| Raising donations and legacies | |||
| 31/3/24 | 31/3/23 | ||
| £ | £ | ||
| Support costs | 10,190 | 5,510 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 96,711 |
| Other trading activities | 75,000 |
| Investment income | 91 |
| Total | 171,802 |
| EXPENDITURE ON | |
| Raising funds | 5,510 |
| Charitable activities | |
| Team Expenses | 163,997 |
| Total | 169,507 |
| NET INCOME | 2,295 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 82,720 |
| TOTAL FUNDS CARRIED FORWARD | 85,015 |
continued...
Page 7
Document ID: e51c56b5-8d34-42fa-a9ee-adab053b1156
UK Armed Forces Rugby Football Club
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
7. TANGIBLE FIXED ASSETS
| 7. | TANGIBLE FIXED ASSETS | |||
|---|---|---|---|---|
| Fixtures | ||||
| and | ||||
| fittings | Media | Totals | ||
| £ | £ | £ | ||
| COST | ||||
| At 1 April 2023 | 250 | 823 | 1,073 | |
| Disposals | (250) | - | (250) | |
| At 31 March 2024 | - | 823 | 823 | |
| DEPRECIATION | ||||
| At 1 April 2023 | 250 | 165 | 415 | |
| Charge for year | - | 131 | 131 | |
| Eliminated on disposal | (250) | - | (250) | |
| At 31 March 2024 | - | 296 | 296 | |
| NET BOOK VALUE | ||||
| At 31 March 2024 | - | 527 | 527 | |
| At 31 March 2023 | - | 658 | 658 | |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31/3/24 | 31/3/23 | |||
| £ | £ | |||
| Prepayments | 3,275 | - | ||
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31/3/24 | 31/3/23 | |||
| £ | £ | |||
| Trade creditors | 1,866 | - | ||
| Other creditors | 2,540 | 1,020 | ||
| 4,406 | 1,020 | |||
| 10. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1/4/23 | in funds | 31/3/24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 85,015 | 35,819 | 120,834 | |
| TOTAL FUNDS | 85,015 | 35,819 | 120,834 |
continued...
Page 8
Document ID: e51c56b5-8d34-42fa-a9ee-adab053b1156
UK Armed Forces Rugby Football Club
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
10. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 153,415 153,415 |
Resources Movement expended in funds £ £ (117,596) 35,819 (117,596) 35,819 |
Resources Movement expended in funds £ £ (117,596) 35,819 (117,596) 35,819 |
|---|---|---|---|
| 35,819 |
Comparatives for movement in funds
| At 1/4/22 £ Unrestricted funds General fund 82,720 TOTAL FUNDS 82,720 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 171,802 TOTAL FUNDS 171,802 |
Net movement At in funds 31/3/23 £ £ 2,295 85,015 2,295 85,015 Resources Movement expended in funds £ £ (169,507) 2,295 (169,507) 2,295 |
Net movement At in funds 31/3/23 £ £ 2,295 85,015 2,295 85,015 Resources Movement expended in funds £ £ (169,507) 2,295 (169,507) 2,295 |
|---|---|---|
| 2,295 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/4/22 | in funds | 31/3/24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 82,720 | 38,114 | 120,834 |
| TOTAL FUNDS | 82,720 | 38,114 | 120,834 |
continued...
Page 9
Document ID: e51c56b5-8d34-42fa-a9ee-adab053b1156
UK Armed Forces Rugby Football Club
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 325,217 325,217 |
Resources Movement expended in funds £ £ (287,103) 38,114 (287,103) 38,114 |
|---|---|---|
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
Page 10
Document ID: e51c56b5-8d34-42fa-a9ee-adab053b1156
UK Armed Forces Rugby Football Club
Detailed Statement of Financial Activities for the Year Ended 31 March 2024
| 31/3/24 | 31/3/23 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 66,951 | 12,531 |
| Grants | 10,550 | 84,180 |
| 77,501 | 96,711 | |
| Other trading activities | ||
| Sponsorships | 75,000 | 75,000 |
| Investment income | ||
| Bank nterest | 914 | 91 |
| Total incoming resources | 153,415 | 171,802 |
| EXPENDITURE | ||
| Charitable activities | ||
| Kit | 50,101 | 51,381 |
| Accommodation | 7,021 | 3,127 |
| Subsistence | 11,940 | 8,093 |
| Travel | 19,320 | 73,754 |
| Match Day Programmes | 973 | 826 |
| Medical | 8,824 | 5,122 |
| Sponsor Hosting | 816 | 7,071 |
| Team Manager'sExpenses | 7,857 | 14,161 |
| Ground/Stadium Hire | 455 | - |
| Presentation Wreaths | 897 | 47 |
| Fixtures andFittingsDepreciation | - | 250 |
| Media EquipmentDepreciation | 132 | 165 |
| 108,336 | 163,997 | |
| Support costs | ||
| Management | ||
| Trustee Insurance | 621 | 608 |
| Media | 6,927 | 2,456 |
| Software | 1,349 | 1,243 |
| Bank charges | (937) | 84 |
| Currency charges | 280 | 99 |
| 8,240 | 4,490 | |
| Governance costs | ||
| Independent examiner's fee | 1,020 | 1,020 |
| Total resources expended | 117,596 | 169,507 |
| Net income | 35,819 | 2,295 |
This page does not form part of the statutory financial statements
Page 11
Document ID: e51c56b5-8d34-42fa-a9ee-adab053b1156