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REGISTERED CHARtrY MUMBER: 1184886 REPORT OF THE TREEs AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR OLD RITfLISHIAMS' ASSOCIATION Hartley Fowler LLP Statutory Auditors Cnartered Accountants 4th Rcor Tuitk>n House 27-37 St George's Road Wimbledon London SW19 4EU
OLD RUTUSHIANS, ASSOCIATION CONTEKfs OF THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Referenc4 and Admlnlstrntlve Detall• Report ol the Tru6ttt• Report of the Independent Audltorn li C4Jngolldat•d StJt•m•nt ol Flnancial ActItI 15 Conlolldated 8•hnce Sheet 16 Charlty B•l•nce Sheot 17 Consolldated C••h Flow Ststement 18 Not to the Con8olld•ted Cmh Flow Statsment 19 Noto• to tho Flnandal St•tsm•nts 20
OLD RUTUSHIANS, ASSOCIATION REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2024 TRuEEs N S Robinson H Mayland S M Payne C Robinson N Skn'lton L Walker Chair apw)Inted 26 June 2023 anted 11 March 2024 apFdnted 26 june 2023 Aponted after the perfc*J.. A M Bridges E J Russell M Stsllard appolnted 30 May 2024 appointed 8 Novemkr 2024 appolnfrd 12 November 2024 DuriThJ the year en¢Jed 31 March 2024 or subsequentty the fdlowlng Trustees reslgned.. J M Oake5 resigned August 2024 P J Cecll reslgned August 2024 S Powell Whlte reslgned May 2023 T Cahlll reslgned November 2023 K Wilde resigned November 2023 L Trevetyan slgned February 2024 Wadsworth appolnted July 2023, reslgned February 2024 S El Jouzl Sl9ned January 2024 SDFHunt reslgned April 2023 SECRETARY A Bridges PIUNapAL ADDRESS The Clubhouse Spjrts Ground Poplar Road Merton Park London SW19 3JS REGISfERED CHARITY NUMBER 1184886 AUDITORS HareV Fowler LLP statutory Auditors Chartered Accountants 4th Hts)r Turtion House 27.37 St Geor,5 Road Wimbledon London SWI9 4EU Barclays Bank UK PLC 8 exandra Road, Wimbledon. SW19 7JZ
OLD RLIsHANs, ASSOCIATION REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their port with the financial statements of the charity for the year ended 31 Narch 2024. The t¥U5tees have adopted the wovisions of Accounting and Repx)rting by Charltles.. Staternent of Recommended Prarti applicable to charit$ preparing their attounts in acccKdance wh the Financkl Re[Ong Stsndard applicable in the UK and Republic of Ireland (FRS 1021 leffettive l January 2019). The Club Is registered a5 3 Charltsble Incorwated Organisation (CIO) in England & Wales w(ch the Charlty cornm155, charlty nUMr 1184886. The goveming dUment of the CIO is the Constituts'on dated 13 August 2019. The ao commenced operations as a sports dub on l ri12020. OBJECtfvES AND ACTivrriES ObJertlv•$ and aim5 The objects of the club a the promction of communlty pa.0tIc In healthy recreatlon In partlajlar by the provision of faalitses for the pltylng of sport for the benefit of,. i) the local communty Sn the London Bcfough of Merton and surrounding areas In South West Lond 2) the former aThJ psent pupi15 of Rutllsh School and thelr familtes; and 3) empbyees and vdunteer5 a55Ctlated wth Rutlish Schoc4 bnd thelr lamllles. 'Sw)rt' an$ sports or garnes whkh promote health by Invofvlng physical or mental S11 or exerbon includingi but not Ilmited to, rugby, football and crlcket. SIGNIFICANT AcfIvITIES CIO Membevship The charity was registered on 13th August 2019 and commenced oF¢raonS as a 5POrts dub on 1st Aprtl 2020 pursuant to a t)eed of Transfer by whlch It took over the asset5 and undertakings of an unlncorporated assodatlon of the same name. Memtership of the Club Is epon to IndIdual5 over the age of 18 years ok1 and is oren to anyone regardless of gender, age, dlsabllty, ethnidty, nationality. sexual orlentation, religion or other beliets. As at 31 March 2024 the Club 2,15412023 2,080} adult members In the categorles shcwn In the tsb belw. 2024 2023 224 200 Adult player 18+ Ex OFficio Honorary Lifttr'me rnernbershlp Adult membership S(Kial memLErship 13 811 983 121 13 815 928 122 During the year the number of adult ayerS (18+) were women 5igniflcantly Inmsed wlth the IntrUthOn of wornen'5 rugby and (Ti(*et. We continue to see signlficant growth In junior player5 across all 5ertions and esFecially through the grnwth Sn gld's and women's teams at the aub. Public benefit The TrLtstee Board confirms rt has comFdied with the duty ouvined in Part 2 of the Charities Act 2011 to have regard to guidance on wblic beneff( published ty the tharity Comrnission when exercigng any powers or ¢JuUes to which the guldancels relevant.
OLD RUTUSHIANS, ASSOCIATION REPORT OF THE TRUStEES FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENT AND PERFORMANCE Charitsble activities We are a frkndty and inclu5we 5POrts club in the of Merton. We pritle ourselves crt) belng a communty driven, family-oriented sports club and a pla to build long lasting friendships whllst enjoyirwJ all that 5PYt has to offer. We eat 5porL our coaches, each other and officials wrth respett at all times. As a Club, we regularly look at we engage wlth the communlty through events, project5 and Inft5atives to brlng people together, help others and grow our membership. During the year we have hosted community events such as RutstesL partnering with local charity Dons Local Acb"on Groupi Comedy night and our annual Halk)ween party. As it wa5 our Centenary year, we hosted a fundrnigng centenary Presldents dinner at Gr05Vor House, Lond. We have launched a new "hang ouv, la1 club for our lunK)r members and organi5ed a selection of weekly Friday Food offerings rneMtrrS and the al COTnmunity. We have horted a numter of school sp¥)rting events for Merton Spo Partnership 35 well as the Poplar School 5POrts day and UCL rugby tearn. The club has provided a base for the Merton Sports and Cyde Club for Visualty impaired People. We a150 took over h05b.ng the weeY Sllver Youth Uub providin9 wee¥ lunth and entertainrrent for over 50 of our more mature local re%dents. We have undertaken a nurnr of te Improvemert projects duriThJ the year. Acn)55 the playlng grounds we have added new mabns px)wer around the football pitches and upgraded the LED floodllghts for rugby and upgraded the boundary fentrs. In the club house we have undertaken a revlew and upgrade on flre safety, health and safety and elertrical testing. We have renovated one of the kntchens, upgraded the area h1Th the bar and purchased new washin9 machines. We a150 replanted much of the hawthom hedge on the sltes east boundary helped by grant from the Tree Councll and supported by a number of volunteers. We have also resurfaced the carrk to Improve acSS and paMng for our members and guests. Sportln9 S•ctlons: We have flve sections that represent our varlety of sports Rugby An outstandlng season acr055 the whole club a5 both our Flr5t XV and our 2nd XV won thelr leèjues (Counttes 2 SUrY and the Surrey Alliance League), the Surrey Shield Cup and gained promotion to the highest level SIn league rugby tegan. Thls wa5 backed up wth the 1rKred1e journey we took In the Papa John Community Cup. Early win5 lead to a fants5tlc seml final In Cornwall against Salta5h RFC, Old Ruts entding up the W1nrr$ a titsnlc struggk. Thbs led to memorable day at Twickenham where we won the Cup agalnst Brunel un1vety with a dlsphy of breathtaWng attackn'ng rugby In front of over 1,000 supwrter51 young and oldl What away to flnlsh off our Centenary Season. The season wa5 recoJnlsed at the Surrey Rugby awards evening as Old Ruts came back with 7 awards Includlng wlnnlng "Club of the Year" and Paul Cecll winnlng rid)ly deserved personal recognitlon for all the work he has put into make this happen and Morgan Sofcly winning the "Young Ref of the yeart award a5 well. Rlght up there as well was the emergence for the fvll sean of the Oki Rut5 Womens XV brlnging Sunday afternDJn rugby to PoF4ar Road and playing some tru excellent rugby. Our C<s had a really strong season, many of them ma'n9 debuts for the Senlors and wlth rne old fa running out for the U225 comFetition Junior rugby continues to thrlve with most age 9roup5 puidng out kn teams (and at leasl one) in all Cup compelitlon5 last season. Thls is really pleasing S11 Other local teams have strugglal to achieve thls In some age groups. Our Girls Rugby has had rt5 best ever sea5Cfi Wlth squ&Js representing the Club at U12, 14, 16 and 18, with the U16 playing in the waterfall cup at the Stoop. It is not easy to recrult the numbers reded to field match ready squad5 and continue to partner wth other clubs equalw focused on pro¥Adlng a great experien lor our girls. Junlor Football The youth secbon was started In 2015 and has grown extensivety year on year. We currenuy have 217 (173 boys,44 girls) register1 players acr(65 15 teams {12 boys teams, 3girls teams) and are affiliatsd with 3 football leagues,. The Epsom & Ewell Youth Football League ISaturday51,' Surrey Youth League (Sunday boys). and Surrey County Womens & Girls League (Sunday gi51. This season ha5 had many highlights. Our U12 yellows and U17 Yellow5 both won their lewJues and were CrOwd League Champions. These our firsi ever youth teams to win their leagues. OurUII v¥on the County Cup, the UTS moved from division 8 to 3 and have only lost 2 game5 all sea50n, wlth one indmdual F4ayer Scoring nearty 60 goals.
OLD RirrLISHIANS' ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Our U14 Girls came 3rd in the Walton & Hersham 2024 Tournament. The Ull's won the Madrld Festival and the U7,5 took part in 4 t(xJmarnents, winnirvJ one and rnanaged to achieve three semi-fina15. We now have 23 players athieving 100 aparanS for the sethon and 9 of Jr U185 youth players also play for the seniors. Ruts Super Saturdays coaching prc4Jramme llnueS to have a strCg membership with around 16-24 players partiapating. Due to the weather makj'ng training on grass a challenge, all teams were moved to 3GIA5tro whid) has been a great succe5S, Wth very few training sessions having to be canlled. Re5ton Waste Management ConnueS to suppM)rt us with additional funds for the for the new tsams, whkh we are incredibly grateful for. The youth fojtball section has been enrolled In the rered Jack Petchey Achlevement Awar Scheme and has seen 9 IndidualS recogn15ed for their outstandlng achlevements and received the award. Next Season we alrn to continue to expand the sectoon at the younger age groups U7.U12, where we have rnore capatsty. We wlll have aim to have a 5-a-gde pitch marked out at Hillcross SthocA to enable us to grow the U718 tsams further. Tr girls team continues to go frorn strerrfJth to strength and will we Ic(sk to add further teams next seaw, As we struggle to get pitches on Sundays. where we do add teams, we wlll ILK)k to add these on a Saturday. Senlor Foothall The Senior Football SettKin comprises of 5 teams with 100 plus playlng members Includlng 35 over 50,5 'walknng footballers,. Players range in age from 16 to 66, and they have represented the section In a varty of friendly and competitlve matches during the season. A total of 116 matL)es were played during the 202312024 ason. Tralnbng sesslons were held Infrequendy owlng to the adverse atr*r. The 202312024 season sjw the grovrth of walklng football for the over 50's. Our plan Is to contsnue expandlng our walkbng football sessit5 year on year, as we alm to attract older partldpants In the years ahead. Hlghlights of the year from the 202312024 season:
Walklng football participation Increased by a further 17% wlth flxtures contSnulng to tske place all year round. Walking Football Tournament wlnner5 at Sutton United & Corlnthlans Casual5. Sunday Xl achbeved promotlon followSng thelr League Trtle Win. 10 players from 16117.year-olds participated In seniors game5 durlng the campaign. Priorities for 202412025 Senior Football season Include.. Conlnue to enhan the Junior to Senlor player pathway Lncrease In sodal events and fundraising actiwties Contsnue to seek offsite tralning facilitles to ensure regular sesslon5 can tske pla Junlor Crlcket The crbcket lunlor 5ettbn is In go¢)J health wlth player numbers In growth. Our 1 Stars (rePtIOn to year 21 ¢Jver LOO Sn 2024. Junior tws and glrls crlcket numbers are up with 105 glr15 playlng bdn9 a dub hlgh. Hlghli9hts of the year League Winners in the follcwlry4 age groups Girls Under 13 Smash tr North 2024 Under 11 Tier 2 Sunday Lorthn We51 Under 14 Tier l East Prloritie5 for 2024125 Continue to Improve the standard of our lunlor coaching prowslon as well as encouraging more parents to get Irwolved with coachlng; Contr'nue to develop GirLs Crket, fidding an inaugural hardball women's team as a clear pathway for our dtler junior5- Conti'nue relat[ShIps with key Ictal prtrnary & Secondary %hools to ensure awareness of Old Ruts cket OppOrtune5 for ih)th gids and boys ulcket Upjate the matth day equipment provi5ton for all junlors sectr"on5 and storage Mens Crkk¢l (erall, the men's cricket has had a faF)tsstic season fielding up to 6 teams on a Saturday {5 In the Surrey champIshIp) on a Sunday Trust I development teams aThJ frlendlies. Older junior players cOntIn to play a significant part of Saturday teaffl5 and Sunday fixtures as we focus on 5UPPOrting integration. Player paMI memberthip was up by over 10%
OLD RUTLISHIANS. ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Highlights of the year
Saturday 3s were promoted to the premiership. Our Saturday 1st team narrowly mi55ed out on promotion to VISiOn l of the Surrey Champknnship on the last game of the 5ea50n. New players ioinirKJ the club made a significant impact through all team5, helplng field 6 team5 Pdr more regularly than in recent Stan$ Overseas player prodL(Ing fantsstic perf0mlan5, 50 goDJ he was called up to play for Pakistan A's, leaving us 5 weeks before the etvj of the season. Thursday FOLYJ after training was a big hit. 14ioritie5 for 2024125 Contlnue fu$ on senb)r coach leadlng Wlnter and Summer training sesslons helpng all players develop whatever thelr level. Support school to Improve RuNish square in line wth Surrey Cricket pOrt. Reset Sunday cricket focus wlth one Trust development team wlth selected academy Junlor players alongside commrted men's players. Altemate Sunday5 to Trust horne game5, Double header Men's & Women's T20 Retain focus on pay to play of all players to ensu annual subscr5on5 and match fees collected. Refine role5 & responsibility'es for key commlttee members & captalns to help 5UPPOrt a wlder understanding of key actSwties and to ensure è 5mcnth runnlng of the season. Slgnlng up for umplrlng cour5e5. Women'• Crlckat Overall. a p05itlve and commltted perforn)ance from Jr Women In our flrst season entering softball teams In the 5urrey Women's Cricket League.Our Tler I team played 5 game5 on a home and away b3SiS, 'OUt you're out. rules wth no games conceded throu9trthJt the season. Our Tler 2 team won 7 of thelr game5 cOMpSsng a mlxture of festival and single match fixiures. Pair5 rules applth, there wore no games COnded and s% finlshed second out of fr teams In the final league tsble on overall p)Ints and battlng points awarded. A key focus was growth and engagement of our 42 mernbers. 95% of our members got to pLay at least one fixiure (Tier l or Tr 21. 43% of our women played a mer I ague match and 76% of our women played a Trer 2 league match. Highlights of the year 21 of our women having the OPkK)rtunlty to play at the Oval Super Saturday Softball Festival on 22nd June. We took 2 teams and played 8 rnatches. The atmosphere was fantastic and it wa5 an nor for us to able to repsent the Club at thi5 iconic location. Hosty'ng the other Tier 2 teams {Bushy Park, Mitcham and Thames Ditton) for a Tler 2 League Felval at Poplar Road on 30 June. Great effort across the CrKket 5eLtion5 to host thls and we recelved numerous p0sVe cornmerts about our warrnth and hospitality. The Ladies Festlval at the Club on 28 June saw 80 women, 10 teams of 8 comprising members and friends of ¢Jd Ruts women enjoying a fantastic evening of cricket. There was strong F¥)stye feedback on the OrganIsacfi of the Fesknval and enjoyment had by all. Winning the Dulwich Softball Festival in September and all 3 of our game5 to take the wlnner's trophy. Organls'ng a numtr of end of season Intemal friendl$ involvlng our older glrls and our Pre5idenVs Day 9Jftball frIend. Priorities for 2024125 Integration of the older girls to aY In the hardball league. Increase player5 by 10 with an empha515 on reCrU.n9 hardball players. Refl the roles on the committee and ensure that people tske respon5ith.lty for their area. Improve the coaching stsndarL1s for the women ancj girls, 5ectyons. Raise skj'lls around umpiring.
OLD RUTUSHIANS. ASSOCIATION REPORT OF THE TRuEEs FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMEwf AND PERFORMANCE Fundraising Activiti Trading Activities We carry out commercial artlvlties to ra15e fvThJs to achieve our charitable objecb"ves. The tradiw 5ubsldiary company contributed £35,74412023.' £65,029) towards the aub's running costs. The decrease from the prior year is largety driven by higher costs and wage5 alcmgside redUd 5)le5 due to the cost of Iwing pressures felt by our local communlty. The net profit of £Nil12023.'£8,681) hbs been donated to the Club 2024 2023 Trading income SnsorshiP 343,489 333,758 Total Incorne 343,489 334.758 Bar expendlture Adminlstration costs and depreciation (297,658) 10 0871 1262.813) Totsl expenditure 307 7451 269 729 Contributlon to club runnlng costs Rlghts and usage fee payable to parent 35,744 35 744) 65,029 Surplus transferable to parent charfty Other fUndraIrt9 actlvltl•• Gr•nts The Club benefftted from E48,21712023:£8,1021 grants durlng the year as follow5: 2024 2023 The Football Foundation England & Wales Cricket Trust Rugby Football Union Other grants 28,897 10,000 5,545 7,002 I,cL)o loo Totsl Donatlons The Club re1Ve £66,679 (2023.'£72,589) of donafjons and gift ald during the year as follows: 2024 2023 Member dCfflatnS Vlce President donaticns Centenary donations Gfc Aid reIVed 13,521 4,584 41,030 31.589 6,430 33,358 Total Fundraising aLtiwties are monitored by the trustees and the Charity does not employ professional fundraisers or other cornmercial parts"clpators to raise funds. The Charity is not bound by any voluntary scheme or standard for fundrdislng but seeks to ensure this is carried out in an ethical manner and in aOrdanCe v4ith Charity Commi55ion guidan. In particular the Charity 5eek5 to protert vulnerable people and other members of the public from the following- unreasonable intrusion on privacy, unreasonabty persistent approache5 (K pladng undue pressure on a r$On to gNe money or other property. No complaints atx)ut its fuTKlrdi&ng athvities were received in year.
OLD RUTUSHIANS, ASSOCIATION REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2024 FIMANCIAL REVIEW Flnanclal posltlon The results of the financial aLtivity of the aub for the year ended 31 March 2024 Is shown in the statement of finanoal ath'vities on page 15 wfth the financkil sItIon at 31 March 2024 shown In the balan sheet on page 16 and the statement of cash flows on page 18. Net Income for the year was £13,57512023'. £41,503). Income from sports sethons has Int3$ed by 6Vo to £439,179 (2023: £415,137), laryely driven by an increase in player nurnbers. ExFendlture 01 Sports sections has decreased by 6 to £402,430 (2023.. £428,723). Inco from general ath"vities ha5 increased by 5% to £435,643 {2023'. £415,137) and expendrture i)n general activitses has increased by 12Tr1o to £494,56112023.. £217,820) driven by ntenary related fund ra15ing activities and hlgher running costs. Totsl funds of £472,630 {2023: £459,055) are further cuvined wbthln the reserye5 FdiLy. InveBtment pollcy and ObctIveS The Club does not currently have investments other than Il's trading subsidiary. Where there 15 Surplus cash, thls Is held in an Interest-aring deposit account, to be readily available where neSsary. The aub reiVed Interest income of £233 (2023 '.£174). R•serS pollcrf The reserves Policy is decided by the Board, taking Into consideration, Inter alki, relevant Chartty Comm155ion guidaft. The policy seeks to balance the objective of promptly spendlng income with the need to malntsln a level of reserves to ensure unintcrrupted operatlons and to provide time to adjust to a change in financial circumstan$ and the finandal Impact of rlsk events. The reseryes lIcY Is based on an assessment of reserves requlred to cover bu51ness Interruwon, the financial Impart of rlsk events and worng catytsl requirements. The range of reseNes expected to be held under the pollcy Is £68,000 to £85,000. £129,944 12023.. £93,195) Ss held In bank accounts and other assets of sporting sections, representing accumulated surpluses. thls has en spedflcally deslgnate(J for the sportlrrfj operatiro aCtitieS and reinvestment In sportlng Of the general reserves £244,285 12023:£146,457) Is tted up In fixed a55ets antl £30,000 12023.'£130,000) is held to cover contlngencles such as the cost of repalts. The MaInIng £68,401 12023.'E89,4031 of liquld assets Is held as free re5eive5, whlch Is withln the exFerted range of reserves Fer the reserves pjlicy. 2024 2023 Total funds Less funds deslgnated for 5FQrting seCtn5 472,630 459,055 93 195) General funds Less.. funds held for repalrs Les5'. funds held as tsngible fixed assets 342,686 (30,0001 244 2851 365,860 1130,0001 146 4571 Freely available fuThJs The Board of Trustees 55 5atlsfied that the charlty's a55ets in each fund are available and adequate tt) fulfil its obllJadMs in respect of ead) fund, Going concern The Club's business activlties, together wh the fartors like to affeLt ft5 fLrture development, perfonnance and kxisitien are set out in thi5 Trustee'5 rert, which includes a seLtion dCribIng the principal rlsks and UnrtaIntIes. The Trustees LElieve that the Club is well to manage these rfsks sUC$fully. After making eUIries, the Trustees have reasonable expertati¢M that the aub has adequate 50rS to continue in operab.onal existen for a period of at least Ive mrth5 from the date of aptxoval of the financial statements. For thls reason, ts continue to adopt, an(J to consider appropriate, the going conrn basis in preparirrfj the financlal statements.
OLD RUTLISHIANS, ASSOCIATION REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2024 FIPIANCIAL REVIEW PRINCIPAL RISKS AND UNCERTAINTIES The Board of Trustees has respJnsibility for making SU there are adequate and effeLtive ri4( management protocols and systems of internal controls in place to manage the Club's rnajor Sk5 and to achieve t)ur strategic objectives. This respK)nsibllrty is distharged by a fMal annual review by the Board of Trustees through the risk managernent and internal control framewoTk. The Board is suppjrted In Its assessment by the Flnance & Risk Commlttee, which Lx)th meet at least quarterly. The Club's risk management framework 15 designed to suptx)rt the Board to make informed deasions about the risks which may affert achieving our obleth"ves. It also provides a cSistent approach to identifying, assessing, and deallng with the nsks which the aub faces to make sure they don't exceed the level of risk the charty is willing to accept. The framework is designed to manage, rather than elirninate, the risks to objethves to provlde reasonable, but not absolute, assuran gainst materfal misstatemert or1055. The Board manages and monitors material risks facing the aub, and this Is refletted In the c(SerVatIve reserves polKy adopted. These risk5 are rewewed at least annualty, vlth ongolng actions In pla to manage Ignificant risks through the subcommlttee 5trurture. The Tnjstees have adopted a rlsk management strategy whth comprtses: -a risk register to reeW the risk5 the charity may fa and -systems, pollcies, and procedures designed to minlmI5e the Impact on the charity should those rists materialise. During the period, the met Six tlmes and work ConnueS to Mgate the key r15k5 and ensure that the risks IAEre appropdately assessed, and the Kd¢Jns IdenJfled to mltigate ttye d5k5 are lfig Implemented. The material rlsks Snclude: {1) Safe9uardlng- W5ks arfslng out of hazard5 to staff, Voluntee or those the aub works wlth trj experlence harffl or abuse, (il) Health & Safety - Sk9 arfslng out of the hazards that can to the harm, Inluryi death,or Illness to staff, volunteers or other5, (111) Data protethon- FUsks arlslng out of the prttessing of personal dats. (5v) IT Incident- Wsks arlslng from the loss of Information across a numter of key systems, (v) Property failure- Rlsks arf51ng from an ageing club house faclllty that requlres up3rade and renovatlon Ivl) complian - Sk5 arising from the non-complian wrth gUlatiOnS such as lInsIng, HMRC or Charity Commissi rules and regulatr"on5, (vll) Govemance & Leadership - Risks arlslng from the faIlU to follow Clubs objects and seNe the community, (viiil Commercial - R15ks aaslng from t1055 of Income adslng from a loss of the bar trading linse cf losing a srnall numter of stgnificant rrfoperty nts1 contratts and other rental income.
OLD RUTLISHIANS, A550CIATION REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2024 FUTURE OLrrLOOK Btheen now and 2025, we'll fc(u5 our SOUrceS on our core m155ion, the promotion of community participatlon in healthy recre8tr.on by the pKovi5ion of frdcility.es for the playing of sport. This a19) includes the upgrade of chan9lng room5 to provlde a ladies changing r00rn5 and refur'Shrnent of the bar and seatlng are) includlrvJ a disabled tollet and a tore hole projert which will ensure we have irrigatson year round. Our other key objectNes are to maxlmi5e income generat1 from our faclllties to supp)rt investment in our vtsl services and to work with our members ond the community to drive sports paCIpatiOn for all. We intend to continue to Invest in the grounds boih In terms of MaIntenan of t dub and to improve tAaying surfaces. We will Work closely with va05 govemirrfJ bodies to seek grant support and funding wherever possible. The Board contlnues to Ma[n focu55ed on compliance, oovemance and strrt flnanthl prhct15es ensurlrg greater darity and transparency fcr our memr$ and wlder stakeholders. The external cost of Ilvlng trdding envlronrnent remalns dlfficult and we need to remain aglle and flexlble and closely monbtor RucfuRE, GOVERNANCE AND MANAGEMENT Goveming document The charity Is controlled by Its governlThJ document, a deed of trust and constitute5 an unlncorporated charlty. The charrty is registered as a Charltable IncOrped C*ganlsatlon rao? In England & Wales wlth the Charity Comrn155i¢)n wlth charity number 1184886 The govemlng dcKument of the charity is the ao Constitution dated 13 Au9USt 2019. Recrultmenk •ppolntment, and re$lgnatlon of iNste New trustees are recrutted to the Board based on 5ki115 and experience folk)wlng an open recrulthent process. The Board has appolnted new trustees over the year to strengthen its posItrn and bring dersty of gcnder, background and expertlse and we wlll contlnue thi5 Stan in future years. New trustees app)inted SIn the last AGM are requlred by the Cto constlbjtion to te elected by members at the next AGM. In addrtion, one-thlrd of Boord merntsers are requlred to stand down and offer them5ehve5 for re-electlon at the AGM. Detslls of appc4ntments to te confirmed and resignations by rotstlon are given In the notice of the AGM. Oryanisational thrtur• Under the constitution, the Board are uf(imately responslble for all aspects of govemance; for ensuring the aims of the Club are upheld, overseeing strategy. safeguardlng the Club's asset5,' development and ensuring the aub Is sustainable. The day-to-day management of the Club is devc4ved to committees of the Board and to the stsff employed. Board of Trustees Flnance & ISk Committee - Responsible for overseeing all flnanckil, governance and risk management aspects of the Club Operatlons & House Commlitee - Responsible for overseeiTrJ the cpernfjons of the Club incI1ng the trading subsidlary I the Qubhouse Grounds & Sports Committee - Resple for overs&ing the Club's grou15 and sPOrt5 section5 Community, MemLErshlp and communicab.ms Cornrnittee Responsible for overseeing the aub's rnembershbp, engagement wlth the community and c(¥nmunications, Fundraising & Sponsorthip Cornmittee - Responstle for ¢)verseelro the Club's fuThYrai5ing and sponsorship acties. The aub has 100% ownership of a trading subsidiary companvt Old Rudishians Trading Limthd (ORTL). This subsidiary company Is registered with Companle5 House, cDmpat)y numter 12297224.
OLD RUTUSHIANS. ASSOCIATION REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2024 srRUCTURE, GOVERNANCE AND MANAGEMENT Declslon mJking Under the CIO Constitution, the Trustees are ultimately respsible for all aspects of govemants; for ensuring t aims of the charity are upheld, overseeing strategy,. safeguardlng the thar.es assets. development and ensurfng the charity is sustsinatle. The day-to-day management of the centre 15 devolved to sub-commrttees Df the Trustee Board and to the stsff employed. During the year, the Cto employed a full-b.me GroundsmaN, a part-tirne Club Administrator, and two full-time Bar Managers, who worked exclusvety for the CIO'S tradlng subsidlary company. Old Rudishbans Tradlng Llmtsd (ORTL). In add'on, sesslonal bèr staff were ernployed to a15t with ORTL. TRuEES. RESPONSIBILITY ATEMENT The trustees are responsible for preparing the Report of the Trustees and the financlal statements In accordance wlth applbcable law and United Klngdom Accountr"ng Stsndards {und Klngdom Generally Accepted Accounts'n9 Practi). The law applicable to charities in England and Wales, the charib.es Art 2011, Charty (Accounts and Reports) Regulations 2(X)8 and the provisions of the trust deed requires the trustees to prepare financlal statements for each financial year which give a true and falr view of the state of affabrs of the charlty and of the Incoming reSoUrS and applicatK)n of resource5, induding the Sncome and expendlture, of the charity for that perth. In pParIng those financial statements, the trustee5 are requlred to selett suitab accountiThJ pole5 and then apply them consIstent. obseNe the methods and principles in the Charlty SORP,. make Judgements and esilrnates that are reasonable and prudenl; state whether applicable accountin9 Standèrds have been followed. subject to any materlal departures dbsclosed and explained in the financial statements; prepare the financial statements on the golng cOnrn basls unle55 it Is inapproprlate to presume that the charity will conTrUe In buslne5S. The trustees are resp)nsible for keeping proper accountlng records whlch dlsdose wlth reasonable accuracy at any Jme the flnantlal wsltlon of the charity and to enable them io ensure that the financial staternents comply with the chare5 Act 2011, the O)arty (Accounts and RepJrts) Regulations 2008 and the provislons of the twst deed. They are also resp)nsible for safegu?rdiThJ the asset5 of the tharlty and hence for tsn9 reasonable steps for the pVentIOn and detecknon of fraud and other IrgUIarltie5. )proved by order of the bcord of trustees on 10 Dernber 2024 and sne on its behalf by.. Nell Robert50n Chair -io-
REPORT OF THE INDEPENDENT AUDrroRS TO THE TRuEEs OF OLD RUTLISHIANS, ASSOCIATION Opinion We have auditsd the accounts of (Jd Rudishian5' 5JatiOn (the'parent charity? and its subsidi3ry {tryJether he group? for the year ended 31 March 2024 Iwhich comprise the group and parent charity statement of finarKial ath"vitE5, balance sheets, statsment of cash flows, the principal accounting policie5 and the notes to the accounts. The financial reporting framework that has been applied in their preparation is apP1Kab law and United Kingdom Accounb"ng Standards, including Nnancial Reporting Stsndard 102 'The Financial Reporfang Stsndard applicat4e In the UK and Republic of Ireland, (Unrted Klngdom Generalty Accepted Accounting prart). In our opinion, expt for the posslble effects of the matter described In the basis for qualified opinion section of our report, the accounts give a true and fair view of the state of the group's and of the parent charitys affairs as at 31 March 2024 and of their Inco and expenditure for the year then ended and have been propedy prepared In accordan with United Kingdom Generally PLpted Accounb"ng Prac and have been prepared In accordance with the requirements of the Charities Art 2011. sis for oplnlon We condurted our audit in accordano with International Stsndards on Audn9 (UK) IISAS IUKI) appllcable law. Our responsibilities under those standards are further descrited in the auditCY5 responsibilities for the audit gf the accounts section of our report. We are independent of the group In accordance with the ethical reqU1ments that are relevant to our audit of the accounts In the UK, includlng the FRCS Ethical Standard, and we have fulfilled our other ethlcal respjnsibllitles in accordance with these quIrements. Except as descrild below, we belbeve that the audit evSdence we have obtained Is SUfficnt and appropriate to provide a ba51s for our opinlon. We were unable to attend the year end stocktske in relation to bar and other stocks Includeij In the accounts at a value of £49,308 (2023 £36,5B9} and were therefore unable to satlsfy ourselves of the eStence or valuation of siock. Conclu$lon¥ relatlng to golng conc•rn In auditing the accounts, we have concluded that the tNstees' use of the golng concern basis of accounting in the preparation of the accounts15 approprlète. Based on the work we have Ferformed, we have not Identlfled any matertBI uncertaintSes relating to events or condltion5 that, individually or mllective, may cast significant doubt on the 9roup and parent charty's ability to continue as a going concern for a perlod of at least e1Ve months from en the accounts are authortsed for Issue. Our responslb1leS and the resp0nslbl1leS of the trustee5 wlth respett to going con a described In the relevant sethons of th15 repJrt. Other Information The twstee5 are responslble for the other Informatlon, The other Infomatlon comrrfises the InformaOn Included In the Annual Rep3rL other than the finaKial statements and our Report of the Indepen(dent Auditor5 thereon, Our oplnion on the financial Statements does TrJt cover the other Informatlon and, except to the extent otheNise explicitty stated In our report, we do not express any form of assuran conclusion thereon. In connection with our audlt of the financial ststements, our SPOnsI11fy Is to read the Other Informatron and, in doing 50, conslder whether the other infomation Is materially Inconsistent wlth the financEal statements or our knowledge obtsined the audlt cf otherwise appears to be materkilty rni5slated. If we Identify such material inconsistencies or apparent material misstatements, we are required to delermine whethtr this gives rise to a material mis*tement In the financbal ststements themselves. If, based on the work we have perfomied, we conclude that there is a material misstatement of thls other informati¢Jn, we are required to report that fact. We have nothlw to repJrt in thls regard. Matters on whlch we are requlrnd to report by exceptSon In the light of the kedge and understandlng of the group and parert charity and its enwronmert obtained in the cvurse of the audit, we have not identified matsrial misstatements Sn the trustees, report. We have nothing to report in respect of the folknying matters In relation to whlch the Charities (Accounts and Repotts) Regulation5 2008 requires us to rewrt to you if, in our oplnion the information given in the tsu5tee5' repjrt 15 inconsistent in any material re5Fett wbth the accounts, or sufficient accounttng red5 have nvt been kept by the pant charity, or the parent charity accounts a not ir) agreement with the accounbng records or we have not received all the information and planatIonS we require for our audit. -li-
REPORT OF THE INDEPENDENT AUDThORS TO THE TRusfEES OF OLD RUTUSHIANS. ASSOCIATION Responsibilltles of trustees As explained more fully in the tnjsteeg resF4)nslbilities statement, trustees are resFonsiNe for the preparation of the accounts and for being satisfied that they give a true and falr wew, and for such internal control as the trustees deterniine is neLTssary to enable the ParaOn of acwunts that are free from material rni5siatemenL whether due to fraud or error. In preparing the accJJnts, the trustees are respon51ble for assessing the groups and the parent tharitys Jbility to conb.nue as a going concern, d110$1ng. as applicable, matters related to going concern and using the going concem basls of accounting unle55 the trustees either inteThd to liquidate the group or the parent tharity or to cease operations, or have no realistic altemative but to do so. -12-
REPORT OF THE INDEPENDENT AUDrroRS TO THE TRusfEES OF OLD RUTLISHIANS. ASSOCIATION Our responsibilities for the audlt of the finandal 5tstemeThts We have t*en appointed as auditors under Section 144 of the Chanties ALt 2011 and repjrt in accordan wth the Art nd levant regulations made or having effett thereunder. We have been apo)Inted as auditor under sethon 151 of the Charths Act 2011 aThJ rert in accordan with the Act and relevant regulati5 made cfj havlng effett thereunder. Our objethves a to cotsin Tea50nable assuran abjut whether the accounts as a whole are free from rnaterial mis5tsternent, whether due to fraud or error, and tr) Sssue an audltorfs report that Indudes our oplnion. Reasonable assuran is a hvJh level of assurance, but is not a guarantee that an audit conducted in accordan wh ISAS (UK) w511 always detect a malerial misstatement when it exists. Misstatements can arise from fra or error are considered material if, individually or in the aggregate, they could reasonably be expeLted to influence the economt deosions of users taken on the basis of these accounts. We identify and assess rfsks of materfal misstatement of the financkil ststements, whether due to fraud or error, and then design and perfom audit prOre5 responslve to those risks, incIlIrJ obtalnlng athyit eviden that Is sufficient and appropriate to provide a bag5 for our opinion. In Identifylng and asse55ing rlsks of materlal mlsstatement In re5pert of irregularlties, indudlng fraud and non.comp1ban with law5 and regulations, we considered the following: -the nature of the industy and sector, control enr0nMert and the charlty's attr[be5,. -sUlts of our erK(tlrles of management about thelr own Identification and assessment of the dsks of Irregularles. -any matters we identlfied having obtsbned and revlewed the charttsble cofflpany's d[uMentaOn of their 1CEs and procedures relating to.. Identlfylng, evaluatlng and complying with laws and regulations and whether they were aware of any Instsnce5 of non -complian,. - detethng and respondlng to the rlsks of fraud and whether they have knowkdge of any actual, suspected or alleged fraud,. - the intemal contrds establlshed to rnIgate risks of fraud or non.compliance wth laws regulations,, - the matter5 d55CUssed anv)ng the aLKlf( engagement team regarding how and where fraud might occur In the flnanclal statements and any FntIal Indlcator5 of fraud. As a result of these prOureS, we considered the opportunitjes and Incentlves that may exlst wrf(hin the oryanisation for fraud. In cornrnon wlth all audits we are a150 required to perform 5Fecific pr(edu5 to respond to the risk of management override. We also obtalned an understanding of the legal and regulatory framework that the charftsble company rateS in. The key laws and regulatlons we considereil In thls context Included the Charities Act 2011, UK Companles Act and tsx le9islats'on. In addttion we considered provisions of other laws and regulations that do not have a direct effect on the financial statsments but Cornplian with whth may be fundamental to the chartsble company's ability to operate or to avoid a rnatal penatty. As a result of Ferforming the above, we did not Identify any key matters related to the potential risk of fraud or non-complian with laY4s and regulatths. Our procedures to reSpd to rSsks identified induded the following.. reviewing the financlal statement disdosure5 and testing to sUppO.ng documentstion to assess cornpliance with provlsKJn of relevant L)ws and regulations desuibed a5 havlng a dirert eff&t cffl the financkil ststements,. -enqulrlng of management cOeming actual and pttenbal litigation and dalms: -perfomiing analytical procedure5 to identify any unusual or unexpetted rektKJnships that may indicate risks of material misstrtement due to fraud; -13-
REPORT OF THE INDEPENDENT AUDrroRS TO THE TRUSTEES OF OLD RUTLISHIANS. ASSOCXATAON -reviewing rninutes of meth.ngs of those charyed with governan, reviewing intemal reports, and -In addressing the risk of fraud through management override of controls, testing the approprkteness of ioumal entn'es and other adjustments. a55essing whether the judgements made in making accounting estimates are indicative of a potents.al 'aS and evaluating the business raonale for any significant transactions that are unusual or outside the normal course of buslne55. We a150 communicated relevant identifRd laws and regulations and potential fraud risks to all engagement team memters and remained alert to any indication of frdLKI or non-compliance with laws and regulations throughout the audit. A further descdption of r re5pJnsibilities for the audit of the financbl staternents Is located on the Financial Reportlng Council's website at www.frc.org.uklauditor5responsibllities. Thls dexriptlon forms part of our RepJrt of the Independent Audrtors. Use of our report Thls report Is made 501ety the charfty'5 trustees, as a bcdy, In accordance wlth Part 4 of the Charitles {kcounts and Reports) Regulations 2008. Our a work has been undertaken so that we might state to the charitys trustees those matters we are required to State to thern In an audtors, rert and for no other prse. To the fLJlle5t extent Fermltted by law, we do not apt or assume resw)sibillty to anyone other than the charity anil chaty5 trustees as o LK*Jyi for OUT audlt work, for this report or for the OF4nions we have formed. Hartley F er LP ststutory Auditors Chartered Accountsnts 4th Floor Tultlon House 27-37 St George's Road Wimbledon London SW19 4EU -14-
OLD RLWtLISHIANS' ACIATIoN CONSOLIDATED STATEMErir OF FINANCIAL AcrIvrrIES FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Total funds General fund De51gnated funds Notes INCOME AND ENDOWMENTS FROM Charitable acti¥lties Cricket Junior Cdcket Senior Football Senior Football Junior Rugby General 153,924 25,806 16,594 62.664 180,189 153,924 25,808 16,594 62,664 180,189 435,643 117,293 26.505 23.170 63,844 L84,325 207.880 435,643 Tradlng aCt$ 334 758 Total 779 132 L 218311 957 775 EXPENDThURe ON RalsSng funds 307,745 307,745 269,729 Ch•iltsble Ktlvltlt• Crlcket Junlor Crlcket SenKJr Football Senior Football Junior Rugby General 113,520 23,071 18,095 57,401 190,343 113,520 23,071 18,095 57,401 190,343 128,080 29,136 22,207 54,081 195,219 217 820 494 561 Tot•1 402 430 1204 736 916 272 NET INCOMEI(EXPENDrnIRE) {23,1741 36.749 13,575 41.503 RECONCILIATION OF FUNDS Total funds brought foThyard 365,860 93,195 459,055 417.552 TOTAL FUNDS CARRIED FORWARD 472 630 459 055 CONTINiIING OPERATIONS All income and experKJthre hos arisen from continulng activitles. The consolldated statemert of flnanclal activltles includes all gains and1055e5 recognised In the year. The notes forni part Df these flnanoal sratements -1s-
OLD RUTLISHIANS. ASSOCIATION CONSOUDATED BALANCE SHEET 31 MARCH 2024 2024 Total funds 2023 Total fund5 General fund Deslgnated funds Notes FIXED ASSETS Tangible assets li 2H.792 244.792 146,457 CURRENT ASSErs 13 14 35.144 48,926 126 468 14,164 21,132 49,308 70,058 36,589 102,702 Debtors Cash at bank and In hand 210.538 188,575 399,113 439,45L CREDITORS Arnounts falling due wrf(hin one year 15 (112,644) 158,631) (171,275) (126,853) NET CURRENT ASSETS 227 838 312 598 TOTAL ASSEfs LESS CURRENT UABILITIES 342,686 129,944 472,630 459,055 NET ASSETS 342 686 129 944 472 630 459 055 FUNDS Unrestrlcted funds 16 472 630 459 055 TOTAL FUNDS 472 630 459 055 The financial statements were apwoved by ihe Board of Trustees and authorlsed for issue on 10 Dember 2024 arh were slgned on Its behalf by: Nell Robinson Chair The nL*es fmn part of these flranaal Staternts -16-
OLD RUTUSHIANS ASSOCIATION CHARITY BALANCE SHEEr 31 MARCH 2024 2024 Total funds 2023 Total funds General fund Deslgnated funds FIXED ASSETS Tangible assets Investments li 12 244,285 244,285 146.457 244.286 244,286 146,458 CURRENT ASSErs stocks Debtors Cash at bank 13 14 14,164 21,132 14,164 116,028 242 032 14,164 172,486 239 191 94,896 183,649 188.575 372,224 425,841 CREDITORS Amount5 falling due wthln one year 15 (85,249) (58,631) (143,8801 (113,244) NEf CURRENT ASSETS 312 597 TOTAL ASSETS LESS CURRENT UABIUTIES 342,686 129,944 472,630 459,055 472 630 459 055 FUNDS Unrestrlcted funds 16 459 055 TOTAL FUNDS 459 055 The flnandal ststements were approved by the Board of Trustees and authoriseii for iS5L* on 10 Dember 2024 were signed on Its behalf by: Nell Roblnson Chalr The notss fcm part ofthese flnancial siatements -17-
OLD RUTLISHIANS, ASSOCIATION CONSOLIDATED CASH FLOW sfATEMENT FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cth flows Irom opernting activities Cash generatetl from IFrations 100 147 Net cash provided by oFeratir¥J atht*s Cash flow# from Invesllng activitles Purchase of tangible fixed assets 120 560) 22 159) Net cash used in Investlng &ts'Mti'es 120 560) 22 159) Change In cwh and cash equlv•l•nts In the reportlng perlod Ca•h and u•h ¢quiv•lents at the beglnning of the reportlng perlod 120,413) {7,664) 307 824 Cash and c•sh aqulval•nts at th• end of the Mportlng p¢rlod notes fomi part ofthese fln)al sratements -18-
OLD RlmISHIANS' AS%)CIATION NOTES TO THE CONSOLIDATED CASH FLOW STATEMErir FOR THE YEAR ENDED 31 MARCH 2024 RECONCILIATIof4 OF NET INCOME TO NET CASH FLOW FROM OPERATXNG AcfivITIES 2024 2023 Net tncome for the reportlng period (as per the Statement ol Fin•ndal Activities) Adjustments for: Depreclatlon chèrges Other adjustment Ilnuease)Idecrease in stctks DeCaSe1{1ncreaSe) in debtor5 Increase In creditors 13,575 41,503 22.225 20,637 (2,630) 2,911 (57,7851 {12,719} 33,634 Net cash provlded by op•r•tlo ANALYSIS OF CHANGES IN NEf FUNDS At 114123 Cash flow At 3113124 N¢t e•#h Cash at bank and in hand Totsl The Th)tes form part of the* finantial StateThs -19-
OLD RUTLISHIANS, ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 GENERAL INFORMATION Old Rutli5hians' AssLKiation is a Charitsble Incorporated Organisatlon. registered In Engkind and Wale5. The Charity is a public nefit entity. ACCOUNTING POUCIES Basis of preparing the financial siatements The financial statements of the charity, which is a puLlic benefft entity under FRS 102, have been prepared In accordan wth the Charities SORP (FRS 1021 'Accounting and Reporting by charle5.. Ststement of Recommended Practi applicable io charities preparing their accounts in accordance with the Flnancial RepN)rb'ng Standard applicable In the UK and iepubllc of Ireland (FRS 102) leffective l January 20191,, Fbnancial Reporting Standard 102 'The Financial Repo.ng StaThJard applicable in the UK and Republic of Ireland, and the chare5 Att 2011. The financkl statements have been prepared under the historical cost convention. The consolidated statement of financial activitles (SOFA) and consolidateil balance sheet (CSo11date the f1nancial staternents of the Group and its sub4diary undertaking. The results of the subsldtsry are consolidated on a line-by-line bas15. The Charlty hès taken exemption from presentin9 its unconsolldated SOFA. GolDg ¢onc4rn The financial ststements have been prepared on the gelng cOnM basls. After consldering the expected actbvity and trading post year end, the Tmstees have a reasonable expettation that the Charity will have the resour to continuo In operauon for the foreseeable future. On this b8515, the Company 15 expected to be able to manage Its eXFendUre to ensure is able to meet its liabilitles as they fall due for a period of not less than 12 mnths from the date of approval of the financial statements Income All income is recognlsed On the chanty has enement to the fund5, It Is probable thot the Income wlll be reiVed and the amount can te measured relkibly. Expendlture Llabilityes are reccgnlsed as expenditure as soJn as there Is a legal or constructlve d)IaOn commlttlng the charity to that exndIture, it is probable that a transfer of economlc benefit5 will be required in settlement and the amount of the obligation can te rneasured reliably. Expendltvre15 accounted for on an accruals basis and has been clas5Ifled under headinos that aggregate all cost related to the category. Where costs cannot be d1ctlY attributed to partycular headings they have been allocated to activities on a bas15 conslstent with the use of sources, Expenditure on raising funds includes all expenditure InCUrd by the Group to raise funds for its charitable purposes and Indudes costs of all fundra5&ng athvltles, events and non-charitable trading. Tanglble flxed Tangible flxed assets within the statement of financial pJsition are cArrled at hlstorlcal c05t less accumulated depreciation, Depreclation Is calculated on a straight-line basi5 to write down the cost of fixed assets to thelr resldual values over their estlmated useful INes as follows.. Bulldlngs & rnachinery 10 years Fixtyres & fitting5 and equipment 3-5 years The assets. resSdual values, useful lives and method of depreciation are reviewed regularlyi at least at each financial year end and adjustsd if appropriate. Where the carying amunt of an asset is greater than rt5 estimated recoverable arnoun( t 15 wrtten down immediately to its recoverable amount. stocks Stocks are valued at the lower of cost and net realisable value, after marj alloware for ot)sdete and slow moving items. Taxjtlon The charity 15 exefflpt from tsx on its chartsble activities. Fund accounting Unrestricted ftJThls can be used in aCcan with the charitable ObitIveS at the discretlon of the trustees. -20-
OLD RUTL15HIANS' ASSOCIATION r40TES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES . cfjntinued Fund •ccountlng Restricted fund5 can only be used for particular restritted purposes within the objects of the chartty. Restrictions arise when sFetified by the donor or when funds a raised f particular restricted purposes. Further explanation of the nature and purpose of each fund is induded In the note5 to the finanool ststements. INCOME FROM CHARThA8LE ACtXVITIES- CHAlly Cricket jUnr Crlcket Senior Ftball Senlor Fwtball Junior Membershlp Playinglcoachlng Donatlons Grants Fity150 Car parklng Property IrKome Sponsorshlp Shop income Events Other Income 59,003 99,587 1,509 575 1,754 9,730 9,991 96 3,366 14,535 915 52,329 119 22 3,200 4,161 1,823 1.600 2,237 2.799 160 4,834 20 5,385 8,333 1,435 20 153 924 2024 Total attNities 2023 Totsl actfvldes Rugby General membeh$p Playlnglcoachlng Donations Grants Fity150 Qr parknng Propetty income Sponsorsh5p Shop Income Events other income 75,510 1,455 13,077 5,545 56,449 1,739 51,060 38,897 6,377 2,474 48,680 10,953 256,387 127,426 66,679 48,217 14,115 2,474 48,680 32,220 12,336 265,743 545 189,285 102,354 72,589 8,102 16,941 7,434 60,293 29,795 15.467 119.846 911 6,5QJ 10,079 82,023 174,101 365 874 822 623 017 Grants recelved, included in the atrx)ve, are as fdlows,. 2024 2023 England & Wale5 Cricket Tw F(x)tball Foundation Rugby Ftball Union Other Grants 10,000 28,897 5,545 I,0 7,CKJ2 -21-
OLD RUTLISHIANS, ASSOCIATION NOTES TO THE FINANCIAL sfATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 INCOME FROM TRADING ACTIVITIES- CHARITY AMD GROUP CHARITY 2024 2023 Trading income GROUP 2024 2023 Tradlng IrKome 334 758 EXPENDrnIRE ON RAISING FUNDS- GROUP Trading •rtlvltl 2024 2023 Purchases staff costs Depreciatbon 204,767 102,770 208 199,085 68,923 307 745 269 729 EXpendItu on rai4ng funds Includes all expendlture incurred by ihe Group to ralse funds for its charltable purp05e5 and Includes costs of all fvndralslng ath'v1tS, events and non-charitsble tradlng. EXPENDITURE ON CHARITABLE ACTMTIES - CHARITY Expendlture on charltsble actiwty'es Is Incurred on dlrettty undertaklng the artIvIeS whlch further the Groups obiectNes. as well as any assoclated support costs. Year ended 31 March 2024 De•lgn•tsd GeneMI Crlcket Junlor Crld(et Senlor Football Junior FTr)tball Senior Rugby General Totsl Playlng costs Shop costs Clubhouse costs Utile5 GrourKJs costs Communicati¢5 Insuran Depreciab"on Finance and adminlstrat5on Events costs Fundralsing Irrecoverable VAT Other costs Inter settj'on reallct*K)ns 90,616 2,69¥J 21.149 26 54,655 15,568 99 65.422 22,283 3,296 250,706 839 25,937 89,024 89,024 30,582 30,582 93,795 94.206 2,683 4.153 11,727 11,727 22,016 22,016 411 1,167 303 1,823 16.194 228 1,365 598 587 635 926 414 1,606 1,809 99,383 36,862 41,734 181,748 3CIJ,883 635 25228 160 619 ÈK)8 1,446 21,829 160 113 520 494 561 896 991 -22-
OLD RWUSHIANS. ASSOCIATION NOTES TO THE FINANCIAL sfATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 EXPENDThURE ON CHARITABLE A1v[TIEs- CHARrrY- contlnued Yearended 31 Mah 2023 Designated Genernl Cricket JunlLY Cricket Senior Football Junk)r Senior Rugty General Totsl awng costs Shop costs Clubhouse costs Utilities Grounds costs c0rnrnunKaonS Insuran Depreclatlon Flnance and admbnistration Events costs Fundraislng Irrecoverat4e VAT Other costs Inter Settn reallLK*lons 88.076 13.042 21,368 819 45.704 16,125 69,274 16,807 240,547 30,668 80,257 33,827 78,633 2,656 10,881 18,916 80,257 33,827 66,747 2,656 10,881 18,916 10,940 850 798 44 1,355 1,584 258 854 553 272 348 2,127 622 1,342 91,518 22,119 25,692 13,855 106,$43 1,716 15,190 1,017 13 677 15 77 2,465 8,260 I,C4)1 195 219 217 820 646 543 STAFF cosrs- CHARtrY 2024 2023 Wage5 and 5akirfes 102 770 Gr05s pay ScLial security costs Employers pen51on contribubc 94,355 4,082 The average monthty number of employee5 (headtount) durir4J the year was as follow5.. 2024 18 2023 15 No employee5 emoluments in eXs5 of £60,(m. All persons ervJaged In the aLtivities of the charity or group are employed by the parent tharity.
OLD RUTUSHIANS ASSOCIATION NOTES TO THE FINANCIAL STATEMErirs - contlnued FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES, REMUNERATION AND BENEFrrs There We no twstee5' remuneratK)n or other benefits for the year ended 31 Narth 2024 nor for the year ended 31 March 2023. Trusteei, expenses There were trustee5' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. RESERVES TRANSFERRED FROM UNINCORPORATED ASSOCIATION The aritse Incorp)rated Organisation {CIO) tcok over the assets and undertakings of the previou5 unincory>ornted asseclatl¢y) of the same name (Old RutlishlBns' Asscthtion} on 1st April 2020. COMPARATIVES FOR ThE sfATEMENT OF FINANCIAL ACTivIfiES - GROUP General fund Oeslgnated funds Total functs INCOME AND ENDOWMElffs FROM Charftsble actlviti00 Crlcket Junior Crlcket Senior Football Senlor Football Junic Rugby General 117,293 26,505 23,170 63,844 184,325 117,293 26,505 23,170 63,844 184,325 207,880 207,880 Other trading activlues 334 758 Trt•l 542 638 415 137 957 775 EXPENDITURE OM Ralsing funds 269,729 269,729 Ch•rltsble Ktlvltl•• Crlcket Junlor Cricket Senlor Football Senlor F(yJtball Junlor Rugby General 128,080 29,136 22,207 54,081 195,219 128,080 29,136 22,207 54,081 L95,219 217 820 217 820 Total 487 549 916 272 NEf INCOMEI(EXPENDITURE) 55.089 113,586) 41,503 RECONCILIATION OF FU14DS Total funds brought fOard 310,771 106,781 417.552 TOTAL FUNDS CARIUED FORWARD 459 055 -24-
OLD RUTUSHIANS. ASSOCIATION NOTES TO THE FINANCIAL sfATEMEMTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 11. TAIIGIBLE FIXED ASSE CHARITY Flxtures and fltttngs Freehold property Plant and machinery Totals At l April 2023 Addrtions 116,700 96,535 20,160 233,395 At 31 March 2024 115 252 353 240 DEPRECIATION At I ApTiI 2023 Charge for year 34,090 44,460 8,388 86,938 At 31 Marth 2024 NET BOOK VALUE At 31 March 2024 173 612 At 31 March 2023 146 457 GROUP Fixtures and flttlng5 fixtures and equlpment Freehok1 property Plant and machlnery Totals At l Aprll 2023 Addltbns 116,7C 96,535 20,160 2.026 715 235,421 120 560 At 31 March 2024 115 252 355 981 DEPRECIATION At l April 2023 Charge for year 34,090 44,460 2,026 208 88,964 At 31 March 2024 IIET BOOK VALUE At 31 March 2024 173 612 507 At 31 March 2023 146 457 -25-
OLD RUTUSHIANS. ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 12. FIXED ASSET INVESTMEIITS- CHARITY Shares In group undertaklngs MARKET VALUE At l April 2023 31 March 2024 NET BOOK VALUE At 31 March 2024 At 31 Marth 2023 There tre no Investment assets outslde the UK. The ao hold5 100% of the i55ued ordlnary Share cap%tal c¥ Old Rutllshlan's Trading Umlted. registered company number 12297224 and Incorporated In England and Wales, The cornpany cathed out trading actmties wlth a vlew to prodIng fundlThJ for the charftable parent company. The unaudlted flnandal results of the 5ubsSdlary for the year were 2024 2023 Turnover Cost of 5ale5 343,489 297 658) 334,758 262 813 Gross wofit 45,831 71.945 Adminlstrdtlve exFenses ReJ for the year AdmIn15traye costs retharged by the holdlng company and glft alded transfers of remalning profit Ind(ed In dminiStraVe expenses at*)ve amwnted to £35.74412023 £65,029}. 13. CHARttY 2024 2023 Fbnlshed goDJs GROUP 2024 2023 Stocks Flnlshed gocds 35.144 22,425 -2&
OLD RLWtUSHIANS ASSOCIATION NOTES TO THE FINANCIAL sfATEMEfltS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 14. DEBTORS: Amourirs FALLING DUE WThHIN ONE YEAR CHARThY 2024 2023 Trdde debtor5 Other debtors VAT 14,370 94,159 12,388 159,135 963 116 028 GROUP 2024 2023 Trade debtor5 Other detr*ors VAT 16,068 46,400 14,264 88,438 102 702 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR CHATy 2024 2023 Trade credltor5 TaXaOn and Scal secwlty Other creditors 80,641 990 13,130 100 114 143 880 GROUP 2024 2023 Trade credltors Taxatson and soclal securlty Other credltors 96,799 990 21,748 4,241 171275 126 853 -27-
OLD RUTLISHIANS. ASSOCIATION NOTES TO THE FINANCIAL StATEMENTS - continued FOR ThE YEAR ENDED 31 MARCH 2024 I& MOVEMENT IN FUNDS CHAIUTY AND GROUP Movement in funds At 3113124 At 114123 Unrestrlctod funds General fund Cricket JunKirs Cncket senr5 Football Senlor5 Football Juniors Rugby 365,860 20,627 416 11,478 34,805 {23,174) 40,404 2,737 (1,501) 5,263 342,686 61,031 3,153 9,977 40,068 459 055 TOTAL FUNDS 459 055 472 630 Movement in fiJrKls, Kiclyded In the aiy)ve are as folkm: CHARrtY Incoming resource5 Resources expended Movement in funds Unrestrlcted fvnd• General fund Cricket Juniors Cricket Seniors F¢J)tball Senlors Football Junlors Rugby 471,387 153,924 25,808 16,594 62,664 {494,56ll 1113,5201 (23,071} (18,095) (57,401) 190 343) (23,L74) 40,404 2,737 11,5011 5,263 10 154) 910 566 TOTAL FUNDS 910 566 GROUP Incomlng resources Resour5 expended Movement In fund5 UThr•Jtricted fundj General fund Cricket Junlors Cricket Senk)rs Fc*Jtball senrs Football Juniors Rugby 779,132 153,924 25,808 16,594 62,664 (802,306) (113,520) {23,071) 118,0951 157,401) {23,174) 40,404 2,737 11,5011 5.263 1218 311 1204 736 TOTAL FUNDS 1218 311 1204 736) -28-
OLD RUTLISHIANS. ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS - c£•ntlnued FOR THE YEAR ENDED 31 MARCH 2024 16. MOVEMENTIM FUNDS- continued Comparatlves for movwnent In fuDd$ CHARITY AND GROUP Movement in funds At 3113123 At 114122 Unrestrirted funds General fund CAcket Junlor5 CrKket Seniors Football Senior5 Football Junlors Rugby 310,771 31,414 3,047 10,515 25,042 55,089 {10,7871 (2,63LI 963 9,763 365,860 20,627 416 11,478 34,805 417 552 459 055 TOTAL FUNDS 417 552 459 055 Comparative movement in fund5, irdudeil In the abjve are as fol1v5.. CHARITY Incomlng resources Resour MoveffEnt expended in funds UnreJtrlrt•d fund# General fund Cricket Juniors Cricket Senior5 Football Seniors Football Junlors Rugby 272,909 117,293 26.505 23,170 63,84 184 325 (217,8201 (128,0801 (29,136) (22,207) (54,081) L95 219) 55,089 {10,7871 (2,631} 963 9,763 TOTAL FUNDS 646 543) GROUP Incomlng resources Resource5 expend&J Movement In funds UThrestricted funds General fund Cricket JunK)rs Cricket Seniors Football Seniors Football Junlors Rugby 542,638 117,293 26,505 23,170 63,8 (487,549) {128,080) (29,136) (22,207) (54,08L) 195 219) 55,089 (10,787) 12.631) 963 9,763 10 894) 957 775 TOTAL FUNDS 957 775 916 272) -29-
OLD RUTUSHIANS. ASSOCIATION NOTES TO THE FINANCIAL STATEMErirs - contlnued FOR THE YEAR Et4DED 31 MARCH 2024 17. RELATED PARTY DXSCLOSURES The charity has tsken advantsge of exemption, under the term5 of Finanaal Rep)rUng Stsndard L02 The Financial RerKJrtiThJ Standard appllcable in the UK and Republ of Ireland,, not to disdose related paty transaLtions wth whdly owned subgdiarles within the group. There were no other related party transact$ for the year ended 31 march 2024. .3
OLD RUTLISHIANS. ASSOCIATION DETAILED STATEMENT OF FINANCIAL AcfIvITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 INCOME AND ENDOWMEIITS Other trading actl¥ltles Trading income Y3,489 334.758 Charltable actlvlti•s Mernbershlp Plawnglcoaching Donations Grants Firtv150 Car parking Propety irKon SponrshIp Shop Income Events Other Income 256,387 127,426 66,679 48,217 14,115 2,474 48,680 32,220 12,336 265,743 545 189,285 102,354 72,589 8,102 16,941 7.434 60,293 29,795 15,467 119,846 911 874 822 623 017 Total Incomlng rewyrr4• 1,218.3LI 957,775 EXPENDITURE Oth•r tradlnq actfvltla• Purchases Other bar costs Wages Computer equlprnent 170,927 33,840 102,770 189,651 9,434 68,923 307,745 269,729 Charltsbk artMtle8 Playlng costs Shop expenses aubhouse costs utiirties Grounds costs Communlcatlons Insuran DeprecKotion FinancelAdmin costs Events costs Fundralsing costs lrrecoverae VAT Otr costs 250,71 25,937 89,024 30,582 94,206 4,153 11,727 22,016 41,734 300,883 635 25,228 160 240,547 30,668 80,257 33,827 78,633 2,656 10,881 18,916 25,692 106,543 1,716 15,190 Totsl resour5 expended 1204 736 Net Income This page d(*s not fomi part of tt)e stabjtory finanaal statements -31-