**Charity registration number 1184886 (England and Wales)**
## **OLD RUTLISHIANS' ASSOCIATION**
# **ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **OLD RUTLISHIANS' ASSOCIATION**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **Trustees**
N Robinson N Skilton H Mayland S Payne M Stallard (Appointed 12 November 2024) E Russell (Appointed 8 November 2024) A M Bridges (Appointed 30 May 2024)
**Charity number (England and Wales)** 1184886
## **Principal address**
The Clubhouse Poplar Road Merton Park London United Kingdom SW19 3JS
## **Auditor**
Azets Audit Services Westpoint Lynch Wood Peterborough Cambridgeshire United Kingdom PE2 6FZ
## **OLD RUTLISHIANS' ASSOCIATION**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 10|
|Independent auditor's report|11 - 13|
|Statement of financial activities|14|
|Balance sheets|15 - 16|
|Statement of cash flows|17|
|Notes to the financial statements|18 - 33|
## **OLD RUTLISHIANS' ASSOCIATION**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. 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).
The Club is registered as a Charitable Incorporated Organisation (CIO) in England & Wales with the Charity Commission, charity number 1184886. The governing document of the CIO is the Constitution dated 13 August 2019. The ClO commenced operations as a sports club on 1 April 2020.
## **Objectives and activities**
The objects of the club are the promotion of community participation in healthy recreation, in particular by the provision of facilities for the playing of sport for the benefit of:
1. the local community in the London Borough of Merton and surrounding areas in Southwest London
2. the former and present pupils of Rutlish School and their families; and
3. employees and volunteers associated with Rutlish School and their families.
"Sport" means sports or games which promote health by involving physical or mental skill or exertion including, but not limited to, rugby, football and cricket.
## _Public benefit_
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **CIO Membership**
The charity was registered on 13th August 2019 and commenced operations as a sports club on 1st April 2020 pursuant to a Deed of Transfer by which it took over the assets and undertakings of an unincorporated association of the same name.
Membership of the Club is open to individuals over the age of 18 years old and is open to anyone regardless of gender, age, disability, ethnicity, nationality, sexual orientation, religion or other beliefs.
As at 31 March 2025 the Club had 2,161 (2024: 2,154) adult members in the categories shown in the table below.
|Adultplayer18+
Honorary & Ex Officio
Lifetime membership
Adult membership
Social membership|**2025**
255
11
842
925
128
2,161|**2024**
224
2
811
983
121|
|---|---|---|
|||2,154|
During the year the number of adult players (18+) who were women continued to increase due to the growing interest in participation in women's rugby and cricket.
We continue to see significant growth in junior players across all sections and especially through the growth in girl's teams at the Club.
## **Public benefit**
The Trustee Board confirms it has complied with the duty outlined in Part 2 of the Charities Act 2011 to have regard to guidance on public benefit published by the Charity Commission when exercising any powers or duties to which the guidance is relevant.
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## **OLD RUTLISHIANS' ASSOCIATION**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **Achievements and performance**
_Significant activities and achievements against objectives_
We are a friendly and inclusive sports club in the heart of Merton. We pride ourselves on being a community driven, family-oriented sports club and a place to build long lasting friendships whilst enjoying all that sport has to offer. We treat sport, our coaches, each other and officials with respect at all times.
As a Club, we regularly look at how we can engage with the community through events, projects and initiatives to bring people together, help others and grow our membership. During the year we have hosted community events such as Rutsfest, partnering with local charity Dons Local Action Group, Comedy night and our annual Halloween party. We have launched a new "hang out" social club for our junior members and organised a selection of weekly Friday Food offerings for members and the local community. New for the year, we hosted a weekly quiz during the winter months which was popular. We have hosted a number of local school sporting events for Merton Sports Partnership as well as the Poplar School sports day and UCL rugby team. The club has provided a base for the Merton Sports and Cycle Club for Visually impaired People. We continued to host the weekly Silver Youth Club providing a weekly lunch and entertainment for over 50 of our more mature local residents.
We have undertaken a number of site improvement projects during the year. In the club house we have redecorated the bar area and upstairs hall, improved the lightning and replaced the old furniture. We have begun a project to install a borehole to provide irrigation water for the playing fields.
Future plans include completion of the upstairs kitchen renovation, project to update changing rooms which will increase changing space for both men's and women's sports teams and adding an accessible toilet. We also plan to upgrade the barbeque area.
## **Sporting Sections:**
We have five sections that represent our variety of sports
## **Rugby**
The Seniors enjoyed another successful season with both the 1st XV and 2nd XV not only holding their places in the leagues they were promoted into last year but thriving in them. The 1st XV came close to securing back-toback promotions, only narrowly missing out — a fantastic achievement in itself.
Off the pitch, the Seniors played a big role in the wider club community. They helped out at a hugely successful Welcome Back to Rugby evening, running the BBQ, and also lent their support at the Volunteers Evening, showing their commitment both on and off the field.
The Women’s squad entered its second season with optimism off the back of a strong first season and started strongly with away wins in Kent and backed it up with outstanding performances at Poplar Road. The league season culminated in two top of the table clashes with Streatham & Croydon resulting in two wins for Old Ruts and the league won with a game to spare! In the national cup we had a terrific run to the last 16, beating teams in the league above us on the way but overall an outstanding season with promotion to the next tier in only our second season. The icing on the cake was having three of the Old Ruts women squad represent Surrey County - a great reflection on the individuals and the club. Players were Anna Edwards, Roisin Mulroe and Hosanna Johnson. We now look ahead to the 2025/26 season with a challenge of a new league.
Our Colts (junior) Rugby had a very successful season with all teams playing games most Sundays, with good numbers spread out over the various hub pitches during training on Wednesday evenings.
- U15s, u16s and Colts all got a team out and enjoyed competitive fixtures in the Surrey Cup pre-Christmas, and in the strong Quins Cup post-Christmas.
- U12s, u13s and u14s represented the Club in the Surrey Cup post-Christmas with u12s and u13s getting 2 teams out in the Cup!
Juniors also made up good numbers at the two half-term rugby camps in Oct 24 and Feb 25, as well as the preChristmas Fun Day. A good number of Colts put their hands up to help out at the camps giving them a taste of what it's like to be on the other side of a whistle!
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## **OLD RUTLISHIANS' ASSOCIATION**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
Our Girls Rugby continues to thrive with squads representing the Club at under 14, 16 and 18. As it is not easy to recruit the numbers needed to field match ready squads we continue to partner with other clubs equally focused on providing a great experience for girls. The U16 Girls had 11 players this season and headed into the season with a new three-team collaboration (Old Ruts, Sutton & Epsom, and Battersea Ironside) and after only four games, the girls quickly bonded and started winning every match with impressive results. A daunting season faced the 13 Old Ruts u14 girls team, with the big jump up from U12. A proposed collaboration with Sutton & Epsom seemed like a superb idea; pooling squads, coaching and resources. The girls had a great season making progress with fully contested 8 player scrums and the complexities of the modern lineout. We won our first 3 way round robin finals day games but pipped at the post in the last game so finished 2nd in the plate of the Surrey cup. We are all very excited about the season ahead with an ever-increasing squad and a year’s experience under their belts!!!
The Minis (previously called Kids First Section) had a fantastic season, full of fun, learning, and development. The children picked up a wide range of new skills, showed great teamwork, and competed in several festivals - with most age groups able to field at least two teams. Their commitment and resilience shone through during the cold winter months, as did their adaptability when training had to be moved to the local Mostyn Gardens at short notice!
Off the pitch, the Minis also enjoyed plenty of fun together, from the Christmas party and Easter treats to the endof-season celebration day - complete with free hot dogs and medals for every child.
It’s been a brilliant year for the Minis, and we can’t wait to see them back next season!
## **Junior Football**
The youth section was started in 2015 and the 2024/25 season marks the 10-year anniversary of the Old Ruts Youth Football section – a fantastic milestone for the club. A special acknowledgement goes to Robbie Baird, Daniel Poulter, and Lorraine Doyle, who have been involved since Day 1 and played a key role in building the section into what it is today. During the season, we proudly fielded 17 teams, competing across Saturdays and Sundays, with a total of 243 players – including 45 girls. In terms of results, it has been an outstanding season:
- 2 teams won their leagues
- 3 teams finished runners-up and secured promotion for next season
- No teams were relegated
A special mention goes to the U15 Reds, who completed a perfect season: played 16, won 16 – an exceptional achievement. Our U15 Greens also deserve recognition after representing Old Ruts in Sweden’s largest youth football tournament, proudly showcasing the spirit of our club on an international stage.
The youth section continues to grow. While we bid farewell to our U18s this year, we are excited to welcome three additional teams next season.
## **Senior Football**
The 2024/25 senior football season successfully marked the 35th successive season of senior football at Old Ruts, which well surpasses the initial 25-year tenure of the original Football Section which ran for just 25 years between 1907 to 1932.
During the season around 100 players represented the Seniors during across 4 teams. Players’ ages ranged from 16 to 67 across the teams including walking football for the over 50’s which continued to grow both in sessions and overall player participation. Over 100 Matches were played during the Season, although Open aged Training Sessions continued to be held infrequently owing to the adverse weather.
The main highlights for the Senior Football Section in the 2024/2025 Season saw the Sunday XI secure their 3rd promotion in just 4 years, the continued growth and expansion of walking football and the appointment of several new Senior Committee Officers.
Additionally, 2 members received Long Service Awards from Surrey Football Association in recognition of the service to Old Ruts Football - Gavin Lennard (35 years) and Iain Higgins (15 years).
Our plan is to continue expanding our walking football offering year on year, as we aim to attract more over 50, 60, plus 70-year-old participants in the years ahead, as well as reinvigorating the participant numbers of Saturday open aged football.
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## **OLD RUTLISHIANS' ASSOCIATION**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **Cricket**
**Juniors** A memorable year for Old Rutlishians Junior Cricket. With 490 juniors now part of the club — 106 of them girls — the energy, enthusiasm, and sense of community have never been stronger. During the season we fielded 40 - 60 fixtures per age group across league games, friendlies, festivals, and club nights and all teams played with energy and resilience that echoed across the club. We also celebrated some outstanding achievements on the pitch, with seven teams reaching league finals and six crowned champions. Our girls’ squads made history with multiple league wins, and our boys’ teams showed depth, determination, and real progress.
The girls playing across the junior section continued to increase reaching 126 (from just 30 girls 5 years ago) which includes 20 girls in our very popular All Stars offering and approaching 150 girls across cricket. Over the girls section we fielded 10 teams, with girls also playing in mixed teams. Alongside this we have also seen an increase in the number of female coaches.
In our All Stars (reception to year 2) we coached over 90 children in 2025, focusing on transitioning the year 2's to junior cricket.
## Highlights of the year
League Winners in the following age groups
- Girls Under 11, Under 13 and Under 14
- Boys U12, U14 and U17
- Under 9 mixed (undefeated champions)
## Priorities for 2025/26
- Continue to Improve the standard of our junior coaching provision;
- Continue to develop Girls cricket, growing the number of girls playing in the new women's hardball team;
- Continue relationships with key local primary & secondary schools to ensure awareness of Old Ruts cricket offering for girls and boys cricket
**Seniors** had a great season fielding up to 6 teams on a Saturday (5 teams in the Surrey Championship plus a friendly 6th team) and on a Sunday either our Trust development team or playing friendly matches. For the first time since many can remember we also featured a 7th XI team this season and won!
Membership continued a steady path of growth as new players joined while a few older players took a break or retired from cricket.
Older junior players continue to play a significant part of Saturday teams and Sunday fixtures as we focus on supporting the development of the junior players and integration between the sections.
## Highlights of the year
Our Saturday 1st team won their league and gained promotion to Division 1 of the Surrey Championship wining 14 out of their 16 games.
The 2nd XI stayed in their division despite having to face a number of 1st XI sides featuring overseas players.
Unfortunately our 3rd XI and 5th XI were relegated, as they faced 1st and 2nd club teams following the first year of a new enlarged league restructure which created a more challenging structure.
Ruts' overseas player Faizan Riaz was a standout performer finishing as the highest run scorer in Division 2 and 4th highest among all Surrey Cricket Championship batters. He also achieved 30 league wickets. We look forward to welcoming Faizan back for the 2026 season.
## Priorities for 2025/26
- Employing player coach to play for 1st XI team and boost coaching group
- Support Rutlish school to add outdoor cricket nets
- Ensure leadership roles filled across senior cricket
- Benefit from borehole to improve cricket outfield
- Sign up / recruit for umpiring and scoring courses.
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## **OLD RUTLISHIANS' ASSOCIATION**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
**Women's section** continues to go from strength to strength. The 2024/5 was a landmark one for the Club as we entered our first women’s hardball team in Division 3 of the Surrey Women’s Cricket League. This was in addition to our two softball teams meaning we had up to three teams playing regularly on Sunday afternoons. We ended the season with 43 active members, up from the previous year and including the older girls who played alongside the women which took the number of regular, active players in the women’s section to 50.
We were really pleased to see so many of our older girls playing regularly in the Women’s First XI providing that all important pathway into senior women’s cricket for our junior girls. The integration of women and girls at coaching worked well and this fed into a solid team performance on the pitch. The team had an encouraging first season finishing 4th overall in their league. Out of 10 games they recorded 5 wins, 4 losses and had one game abandoned. A brilliant first outing and lots of positives to build on for next season.
Additionally, we entered two softball teams in Tier 1 and Tier 2 East. Tier 1 is based on ‘out you’re out’ rules. There were 5 teams in this league, we finished 3rd overall with 8 games played, 3 wins recorded, 4 losses and 1 game abandoned. A solid performance against some very strong opponents. Tier 2 is pairs format. This was an enlarged league from last season with 7 teams in 2025. The focus here is on providing as many playing opportunities for new and developing members as possible. A very busy season with matches most Sunday afternoons and some very strong opposition. In total we played 12 games, won 3, lost 9, with no games abandoned/conceded.
## Priorities for 2025/26
- Continue to develop our women’s hardball offering, attracting new talent. Build on the successful integration of our older girls as we look to expand women’s hardball over the next few years
- Improve our social media presence to support recruitment
- Continue to focus on upskilling members with umpiring and scoring being a focus to support our team Captains
## **Fundraising Activities Trading Activities**
We carry out commercial activities to raise funds to achieve our charitable objectives. The trading subsidiary company contributed £73,008 (2024: £35,744) towards the Club's running costs via its payment of a rights and usage fee for use of the clubhouse, which it uses to operate a bar.
This increase from the prior year is largely driven by increased sales outweighing the increased cost of running the bar.
|**2025**
£
Trading income
416,370
Bar expenditure
(329,880)
Administration costs and depreciation
(13,548)
Total expenditure
(343,428)
Operating profit (before payments to parent)
72,942
Bank interest receivable
66
Rights and usage fee payable to parent
(73,008)
Profit for the year
-|**2024**
£
343,489
(297,658)
(10,087)
(307,745)
35,774
-
(35,744)
-|**2024**
£
343,489
(297,658)
(10,087)
(307,745)
35,774
-
(35,744)
-|
|---|---|---|
|||-|
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## **OLD RUTLISHIANS' ASSOCIATION**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **Other fund raising activities Grants**
The club benefitted from £27,202 (2024: £48,217) grants during the year as follows:
||**2025**|**2024**|
|---|---|---|
||£|£|
|The Football Foundation|16,346|28,897|
|England & Wales Cricket Trust|10,000|10,000|
|Rugby Football Union|-|5,545|
|Other grants|856|3,775|
|Total|27,202|48,217|
## **Donations**
The club received £29,790 (2024: £66,679) of donations during the year as follows:
||**2025**|**2024**|
|---|---|---|
||£|£|
|Member donations|13,930|13,521|
|Vice President donations|6,250|4,584|
|Centenary donations|9,610|41,030|
|Gift aid recieved|-|7,544|
|Total|29,790|66,679|
## **Sponsorship**
|**Sponsorship**|||
|---|---|---|
|The club recieved £44,059|(2024: £32,220) in|sponsorship during the year.|
||**2025**|**2024**|
||44,059|32,220|
Fundraising activities are monitored by the trustees and the Charity does not employ professional fundraisers or other commercial participators to raise funds. The Charity is not bound by any voluntary scheme or standard for fundraising but seeks to ensure this is carried out in an ethical manner and in accordance with Charity Commission guidance. In particular, the Charity seeks to protect vulnerable people and other members of the public from the following: unreasonable intrusion on privacy, unreasonably persistent approaches or placing undue pressure on a person to give money or other property. No complaints about its fundraising activities were received in the year.
## **Financial review**
The results of the financial activity of the Club for the year ended 31 March 2025 is shown in the statement of financial activities on page 14 with the financial position at 31 March 2025 shown in the balance sheet on page 15 and the statement of cash flows on page 17.
For the second year in a row the Club exceeded the £1m turnover mark, having generated total income of £1,106,085 in the year ended 31 March 2025. The total income is £112,226 less than the £1,218,311 generated in the prior year, however, note that the prior year figure includes more than £177,000 of income related to Centenary celebratory events.
In the year-ended 31 March 2025, total costs exceeded total income by £56,962 (2024: total income exceeded total costs by £13,575).
Income from sports sections has increased by 3% to £499,518 (2024: £483,727) and expenditure on sports sections has increased by 15% to £516,138 (2024: £446,978) driven by increased playing costs. Income from general activities has decreased by 17% to £606,567 (2024: £734,584) and expenditure on general activities has decreased by 15% to £646,909 (2024: £757,758), both reductions driven by the loss of the centenary related income and costs in the prior year.
Total funds have reduced from £472,630 at 31 March 2024 to £415,668 at 31 March 2025 and are further outlined within the reserves policy section below.
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## **OLD RUTLISHIANS' ASSOCIATION**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## _Going concern_
The Club's business activities, together with the factors likely to affect its future development, performance and position are set out in this Trustee's report, which includes a section describing the principal risks and uncertainties. The Trustees believe that the Club is well placed to manage these risks successfully. After making enquiries, the Trustees have a reasonable expectation that the Club has adequate resources to continue in operational existence for a period of at least twelve months from the date of approval of the financial statements. For this reason, they continue to adopt, and to consider appropriate, the going concern basis in preparing the financial statements.
## _Reserves policy_
The reserves policy is decided by the Board, taking into consideration, inter alia, relevant Charity Commission guidance. The policy seeks to balance the objective of promptly spending income with the need to maintain a level of reserves to ensure uninterrupted operations and to provide time to adjust to a change in financial circumstances and the financial impact of risk events.
Of the Club’s total funds of £415,668 (2024: £472,630), £113,324 (2024: £129,944) is held in bank accounts and other assets of sporting sections, representing accumulated surpluses, and this has been specifically designated for the sporting operating activities and reinvestment in sporting facilities. The remaining funds of £302,344 (2024: £342,686) contain the general reserves, as set out below.
|Funds designated to sporting sections
General funds
Total funds
Of general funds:
Funds held as tangible fixed assets
Long term loans
General reserves
Total general funds|**2025**
**2024**
£
£
113,324
129,944
302,344
342,686|
|---|---|
||415,668
472,630
301,392
244,792
(15,168)
-
16,120
97,894
302,344
342,686|
The general reserves of £97,894 as at 31 March 2024 are reflective of the level of general reserves that the Trustees would ideally seek to retain to cover repair costs, working capital requirements and costs associated with risk events.
During the year-ended 31 March 2025 it was decided that the level of general reserves would be allowed to drop in order that significant investment could be made into the Club, including (but not limited to):
- Refurbishment of the bar: this has contributed to the increased profit of the Old Rutlishians Trading Company, which operates the Club bar, and is expected to continue to support higher profitability of the bar in the future.
- The drilling of a borehole: once the Club has secured its own source of water it will reduce the utilities costs and ground maintenance costs, as well as improving the playing surface for all of the sports sections.
- Much needed electrical works: these have reduced health and safety risks and allow the Club to meet require fire safety certification guidelines.
- A new roof on the BBQ area and the purchase of a wood fired pizza oven: these investments have improved the food offering of the Club, and in turn have improved the income and profitability from food sales.
Looking ahead to the next financial year, the Trustees have continued with their program of investment into the Club and after the balance sheet date an ambitious project was started which will see an overhaul of the Club’s aging changing rooms to provide appropriate facilities for the increasing number of female sports members. This has not impacted on the Club general reserves due to successful grant applications, as well as generous donations from the Rutlish foundation and the Club’s members.
The Trustee’s aim to increase the level of general reserves by the next year-end, and at the date of signing this report, all signs are good in that regard. As such, the Board of Trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.
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## **OLD RUTLISHIANS' ASSOCIATION**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## _Investment policy_
The Club does not currently have investments other than its trading subsidiary. Where there is surplus cash, this is held in an interest-bearing deposit account, to be readily available where necessary.
## _Major risks_
The Board of Trustees has responsibility for making sure there are adequate and effective risk management protocols and systems of internal controls in place to manage the Club's major risks and to achieve our strategic objectives. This responsibility is discharged by a formal annual review by the Board of Trustees through the risk management and internal control framework.
The Board is supported in its assessment by the Finance & Risk Committee, which both meet at least quarterly. The Club's risk management framework is designed to support the Board to make informed decisions about the risks which may affect achieving our objectives. It also provides a consistent approach to identifying, assessing, and dealing with the risks which the Club faces to make sure they don't exceed the level of risk the charity is willing to accept. The framework is designed to manage, rather than eliminate, the risks to objectives to provide reasonable, but not absolute, assurance against material misstatement or loss.
The Board manages and monitors material risks facing the Club, and this is reflected in the conservative reserves policy adopted. These risks are reviewed at least annually, with ongoing actions in place to manage significant risks through the subcommittee structure.
The Trustees have adopted a risk management strategy which comprises:
- -a risk register to review the risks the charity may face and
- -systems, policies, and procedures designed to minimise the impact on the charity should those risks materialise.
During the period, the board met six times and work continues to mitigate the key risks and ensure that the risks were appropriately assessed, and the actions identified to mitigate those risks are being implemented.
The material risks include:
- i. Safeguarding-Risks arising out of hazards to staff, volunteers or those the Club works with to experience harm or abuse,
- ii. Health & Safety-Risks arising out of the hazards that can lead to the harm, injury, death, or illness to staff, volunteers or others,
- iii. Data protection -Risks arising out of the processing of personal data,
- iv. IT Incident-Risks arising from the loss of information across a number of key systems,
- v. Property failure - Risks arising from an ageing clubhouse facility that requires upgrade and renovation,
- vi. Compliance - Risks arising from the non-compliance with regulations such as licensing, HMRC or Charity Commission rules and regulations,
- vii. Governance& Leadership-Risks arising from the failure to follow Club's objects and serve the community,
- viii. Commercial - Risks arising from the loss of income arising from a loss of the bar trading license or losing a small number of significant property rental contracts and other rental income.
## **Plans for future periods**
Between now and 2026, we'll focus our resources on our core mission, the promotion of community participation in healthy recreation by the provision of facilities for the playing of sport. This also includes the upgrade of changing rooms to provide changing rooms that are fully inclusive as well as the provision of a disabled toilet. Additionally, the bore hole project which will ensure we have grounds irrigation year-round.
Our other key objectives are to maximise income generation from our facilities to support investment in our vital services and to work with our members and the community to drive sports participation for all. We continue to explore options for the future.
We continue to invest in the grounds both in terms of maintenance of the club and to improve playing surfaces. We will work closely with various governing bodies to seek grant support and funding wherever possible.
The Board continues to remain focused on compliance, governance and strict financial practices ensuring greater clarity and transparency for our members and wider stakeholders.
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## **OLD RUTLISHIANS' ASSOCIATION**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **Structure, governance and management**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The charity is registered as a Charitable Incorporated Organisation (“CIO”) in England & Wales with the Charity Commission with charity number 1184886
The governing document of the charity is the CIO Constitution dated 13 August 2019.
The trustees who served during the year and up to the date of signature of the financial statements were: N Robinson
N Skilton H Mayland S Payne M Stallard (Appointed 12 November 2024) E Russell (Appointed 8 November 2024) A M Bridges (Appointed 30 May 2024)
## _Recruitment and appointment of trustees_
New trustees are recruited to the Board based on skills and experience following an open recruitment process. The Board has appointed new trustees over the year to strengthen its position and bring diversity of gender, background and expertise and sport and we will continue this stance in future years.
New trustees appointed since the last AGM are required by the CIO constitution to be elected by members at the next AGM.
In addition, one third of Board members are required to stand down and offer themselves for re-election at the AGM. Details of appointments to be confirmed and resignations by rotation are given in the notice of the AGM.
## _Organisational structure_
Under the constitution, the Board are ultimately responsible for all aspects of governance; for ensuring the aims of the Club are upheld, overseeing strategy; safeguarding the Club’s assets; development and ensuring the Club is sustainable. The day-to-day management of the Club is devolved to committees of the Board and to the staff employed.
- Board of Trustees
- Finance & Risk Committee-Responsible for overseeing all financial, governance and risk management aspects of the Club
- Operations & House Committee - Responsible for overseeing the operations of the Club including the trading subsidiary and the Clubhouse
- Grounds & Sports Committee-Responsible for overseeing the Club's grounds and sports sections
The Club has 100% ownership of a trading subsidiary company, Old Rutlishians Trading Limited (ORTL). This subsidiary company is registered with Companies House, company number 12297224.
Under the CIO Constitution, the Trustees are ultimately responsible for all aspects of governance; for ensuring the aims of the charity are upheld, overseeing strategy; safeguarding the charities assets; development and ensuring the charity is sustainable.
The day-to-day management of the centre is devolved to sub-committees of the Trustee Board and to the staff employed. During the year, the CIO employed a full-time Groundsman, a part-time Club Administrator, and one full-time Bar Manager, who worked exclusively for the CIO’s trading subsidiary company, Old Rutlishians Trading Limited (ORTL). In addition, sessional bar staff were employed to assist with ORTL.
## **Statement of trustees' responsibilities**
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).
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## **OLD RUTLISHIANS' ASSOCIATION**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
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 charity and of the incoming resources and application of resources of the charity 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 charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees' report was approved by the Board of Trustees.
N Robinson
## **Trustee**
17 December 2025
- 10 -
## **OLD RUTLISHIANS' ASSOCIATION**
## **INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF OLD RUTLISHIANS' ASSOCIATION**
## **Opinion**
We have audited the financial statements of Old Rutlishians' Association (the ‘charity’) and its trading subsidiary for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
- give a true and fair view of the state of the charity’s affairs as at 31 March 2025 and of its incoming resources and application of resources, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the Charities Act 2011.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the _Auditor's responsibilities for the audit of the financial statements_ section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
## **Matters on which we are required to report by exception**
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
- the information given in the financial statements is inconsistent in any material respect with the trustees' report; or
- sufficient accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records; or
- we have not received all the information and explanations we require for our audit.
- 11 -
## **OLD RUTLISHIANS' ASSOCIATION**
## **INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF OLD RUTLISHIANS' ASSOCIATION**
## **Responsibilities of trustees**
As explained more fully in the statement of trustees' responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to cease operations, or have no realistic alternative but to do so.
## **Auditor's responsibilities for the audit of the financial statements**
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
## **Extent to which the audit was considered capable of detecting irregularities, including fraud**
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.
We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.
In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:
- Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;
- Reviewing minutes of meetings of those charged with governance;
- Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the entity through enquiry and inspection;
- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
- Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- 12 -
## **OLD RUTLISHIANS' ASSOCIATION**
## **INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF OLD RUTLISHIANS' ASSOCIATION**
## **Other matters**
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with "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) 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.
This has been done in order for the financial statements to provide a true and fair view in accordance with current Generally Accepted Accounting Practice.
## **Use of our report**
This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.
## **Mr Mark Jackson FCA DChA (Senior Statutory Auditor) For and on behalf of Azets Audit Services, Statutory Auditor**
Westpoint Lynch Wood Peterborough Cambridgeshire PE2 6FZ
28 January 2026
Azets Audit Services is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.
- 13 -
## **OLD RUTLISHIANS' ASSOCIATION**
## **CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
|**Unrestricted Unrestricted**
**funds**
**funds**
**general designated**
**2025**
**2025**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
55,724
45,327
Charitable activities
**4**
134,408
454,191
Other trading activities
**5**
416,435
-
**Total income**
606,567
499,518
**Expenditure on:**
Raising funds
**6**
343,427
-
Charitable activities
**7**
303,482
516,138
**Total expenditure**
646,909
516,138
**Net income/(expenditure) and**
**movement in funds**
(40,342)
(16,620)
**Reconciliation of funds:**
Fund balances at 1 April 2024
342,686
129,944
**Fund balances at 31 March**
**2025**
302,344
113,324|**Total**
**Unrestricted Unrestricted**
**funds**
**funds**
**general designated**
**2025**
**2024**
**2024**
**£**
**£**
**£**
101,051
100,910
46,206
588,599
290,185
437,521
416,435
343,489
-
1,106,085
734,584
483,727
343,427
307,745
-
819,620
450,013
446,978
1,163,047
757,758
446,978
(56,962)
(23,174)
36,749
472,630
365,860
93,195
415,668
342,686
129,944|**Total**
**2024**
**£**
147,116
727,706
343,489|
|---|---|---|
|||1,218,311|
|||307,745
896,991|
|||1,204,736|
|||13,575
459,055|
|||472,630|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 14 -
## **OLD RUTLISHIANS' ASSOCIATION**
## **CONSOLIDATED BALANCE SHEET**
## _**AS AT 31 MARCH 2025**_
|**2025**
**Notes**
**£**
**Fixed assets**
Tangible assets
**13**
**Current assets**
Stocks
**14**
52,028
Debtors
**15**
58,958
Cash at bank and in hand
160,108
271,094
**Creditors: amounts falling due within**
**one year**
**16**
(141,650)
**Net current assets**
**Total assets less current liabilities**
**Creditors: amounts falling due after**
**more than one year**
**17**
**Net assets**
**The funds of the charity**
Unrestricted funds - general
**21**
Unrestricted funds - designated|**2024**
**£**
**£**
301,392
49,308
69,068
279,747
398,123
(170,285)
129,444
430,836
(15,168)
415,668
302,344
113,324
415,668|**£**
244,792
227,838|
|---|---|---|
|||472,630
-|
|||472,630|
|||342,686
129,944|
|||472,630|
The financial statements were approved by the trustees on 17 December 2025
N Robinson **Trustee**
- 15 -
## **OLD RUTLISHIANS' ASSOCIATION**
## **BALANCE SHEET - CHARITY ONLY**
## _**AS AT 31 MARCH 2025**_
|**2025**
**Notes**
**£**
**Fixed assets**
Tangible assets
**13**
Investments
**Current assets**
Stocks
**14**
16,885
Debtors
**15**
69,545
Cash at bank and in hand
147,348
233,778
**Creditors: amounts falling due within**
**one year**
**16**
(119,234)
**Net current assets**
**Total assets less current liabilities**
**The funds of the charity**
Unrestricted funds - general
**21**
Unrestricted funds - designated|**2024**
**£**
**£**
301,123
1
301,124
14,164
116,028
242,032
372,224
(143,880)
114,544
415,668
302,344
113,324
415,668|**£**
244,285
1|
|---|---|---|
|||244,286
228,344|
|||472,630|
|||342,686
129,944|
|||472,630|
The financial statements were approved by the trustees on 17 December 2025
N Robinson **Trustee**
- 16 -
## **OLD RUTLISHIANS' ASSOCIATION**
## **CONSOLIDATED STATEMENT OF CASH FLOWS** _**FOR THE YEAR ENDED 31 MARCH 2025**_
|**Notes**
**Cash flows from operating activities**
Cash (absorbed by)/generated from
operations
**25**
**Investing activities**
Purchase of tangible fixed assets
**Net cash used in investing activities**
**Financing activities**
Proceeds from borrowings
Repayment of borrowings
**Net cash generated from financing activities**
**Net decrease in cash and cash equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**|**2025**
**2024**
**£**
**£**
**£**
**£**
(59,866)
100,147
(81,081)
(120,560)
(81,081)
(120,560)
25,000
-
(3,692)
-
21,308
-
(119,639)
(20,413)
279,747
300,160
160,108
279,747|
|---|---|
- 17 -
## **OLD RUTLISHIANS' ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **1 Accounting policies**
## **Charity information**
Old Rutlishians' Association is a Charitable Incorporated Organisation, registered in England and Wales. The Charity is a public benefit entity..
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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)". The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. 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 charity 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 or grantors 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.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.4 Income**
Income is recognised when the charity 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 charity 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.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 18 -
## **OLD RUTLISHIANS' ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **1 Accounting policies**
## **(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **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 10% straight line per annum. Land is not depreciated. Plant and equipment 20% - 33% straight line per annum Fixtures and fittings 20% - 33% straight line per annum Bar fixtures and equipment 33% straight line per annum
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 charity 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 Stocks**
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.
## **1.9 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.
- 19 -
## **OLD RUTLISHIANS' ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **1 Accounting policies**
## **(Continued)**
## **1.10 Financial instruments**
The charity 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 charity's balance sheet when the charity 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.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, 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 charity’s contractual obligations expire or are discharged or cancelled.
## **1.11 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.12 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
- 20 -
## **OLD RUTLISHIANS' ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **2 Critical accounting estimates and judgements**
In the application of the charity’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.
- 21 -
##
||**Total**|||**2024**|**£**|66,679|48,217|32,220|147,116|
|---|---|---|---|---|---|---|---|---|---|
||**Unrestricted Unrestricted**|**funds**
**funds**|**general**
**designated**|**2024**
**2024**|**£**
**£**|51,060
15,619|38,897
9,320|10,953
21,267|100,910
46,206|
||**Total**|||**2025**|**£**|29,790|27,202|44,059|101,051|
||**Unrestricted Unrestricted**|**funds**
**funds**|**general**
**designated**|**2025**
**2025**|**£**
**£**|20,488
9,302|21,978
5,224|13,258
30,801|55,724
45,327|
|**Donations and legacies**||||||Donations|Grants|Sponsorship||
|**3**||||||||||
##
||**Total**|**2024**||**£**|256,387|127,426|14,115|2,474|48,680|12,336|265,743|545|727,706|||290,185|437,521|727,706|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||**Total**|**2025**||**£**|233,225|136,063|168|2,625|49,292|11,283|150,288|5,655|588,599|||134,408|454,191|588,599|
||**Rugby**||**2025**|**£**|88,784|10,922|-|-|-|8,193|106,103|-|214,002|||-|214,002|214,002|
||**Football**|**Junior**|**2025**|**£**|59,448|1,451|-|-|-|-|-|3,661|64,560|||-|64,560|64,560|
||**General**
**Cricket Junior**
**Cricket Senior**
**Football**|**Senior**|**2025**
**2025**
**2025**
**2025**|**£**
**£**
**£**
**£**|46,229
26,810
9,318
2,636|-
112,715
52
10,923|168
-
-
-|2,625
-
-
-|49,292
-
-
-|-
3,029
-
61|36,023
6,096
149
1,917|71
1,803
120
-|134,408
150,453
9,639
15,537|||134,408
-
-
-|-
150,453
9,639
15,537|134,408
150,453
9,639
15,537|
|**Charitable activities**|||||Membership|Playing/Coaching|Fifty/50|Car parking|Property income|Shop income|Events|Other income|||**Analysis by fund**|Unrestricted funds - general|Unrestricted funds - designated||
|**4**|||||||||||||||||||
##
|**(Continued)**||**Total**|**2024**|**£**|256,387|127,426|14,115|2,474|48,680|12,336|265,743|545|727,706|||290,185|437,521|727,706|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||**Rugby**||**£**|75,510|1,455|-|-|-|10,079|82,023|-|169,067|||-|169,067|169,067|
|||**Football**|**Junior**|**£**|52,329|119|4,161|-|-|-|-|-|56,609|||-|56,609|56,609|
|||**General**
**Cricket Junior**
**Cricket Senior**
**Football**|**Senior**|**£**
**£**
**£**
**£**|56,449
59,003
9,730
3,366|1,739
99,587
9,991
14,535|6,377
1,754
-
1,823|2,474
-
-
-|48,680
-
-
-|-
2,237
20
-|174,101
2,799
5,385
1,435|365
160
-
20|290,185
165,540
25,126
21,179|||290,185
-
-
-|-
165,540
25,126
21,179|290,185
165,540
25,126
21,179|
|**Charitable activities**|**For the year ended 31 March 2024**||||Membership|Playing/Coaching|Fifty/50|Car parking|Property income|Shop income|Events|Less: deferred income|||**Analysis by fund**|Unrestricted funds - general|Unrestricted funds - designated||
## **OLD RUTLISHIANS' ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **5 Income from other trading activities**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2025**|**2024**|
||**£**|**£**|
|Non-charitable trading activities|416,435|343,489|
|**Expenditure on raising funds**|||
||**Unrestricted**|**Unrestricted**|
||**funds**|**funds**|
||**2025**|**2024**|
||**£**|**£**|
|**Trading costs**|||
|Operating charity shops|223,988|204,767|
|Staff costs|119,201|102,770|
|Depreciation and impairment|238|208|
||343,427|307,745|
**6 Expenditure on raising funds**
- 25 -
|**Total**||**2025**|**£**||24,243|306,931|24,016|90,076|30,005|85,282|2,492|14,584|64,627|156,677|18,582|2,105|819,620|||303,482|516,138|819,620|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**Rugby**||**2025**|**£**||-|89,674|21,762|-|-|14,000|-|-|2,720|111,912|1,353|-|241,421|||-|241,421|241,421|
|**Football**|**Junior**|**2025**|**£**||-|74,749|-|-|-|5,500|-|-|926|985|1,106|-|83,266|||-|83,266|83,266|
|**Football**|**Senior**|**2025**|**£**||-|11,764|(622)|-|-|5,500|-|-|917|-|217|-|17,776|||-|17,776|17,776|
|**Cricket**|**Senior**|**2025**|**£**||-|2,807|600|-|-|5,498|-|-|217|-|-|-|9,122|||-|9,122|9,122|
|**Cricket**|**Junior**|**2025**|**£**||-|125,126|2,276|-|-|16,957|-|-|5,846|13,382|966|-|164,553|||-|164,553|164,553|
|**General**||**2025**|**£**||24,243|2,811|-|90,076|30,005|37,827|2,492|14,584|54,001|30,398|14,940|2,105|303,482|||303,482|-|303,482|
|||||**Direct costs**|Depreciation and impairment|Playing costs|Shop costs|Clubhouse costs|Utilities|Grounds costs|Communications|Insurance|Finance and administration|Events costs|Irrecoverable VAT|Other costs|||**Analysis by fund**|Unrestricted funds - general|Unrestricted funds - designated||
##
##
|**(Continued)**|**Total**||**2024**|**£**||22,017|250,705|25,937|89,024|30,582|94,206|4,153|11,727|41,734|300,883|635|25,228|160|896,991|||450,013|446,978|896,991|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||**Rugby**||**2024**|**£**||-|65,422|22,283|-|-|14,000|-|-|1,809|99,383|-|1,446|-|204,343|||-|204,343|204,343|
||**Football**|**Junior**|**2024**|**£**||-|54,655|-|-|-|5,500|-|-|598|587|635|926|-|62,901|||-|62,901|62,901|
||**Football**|**Senior**|**2024**|**£**||-|15,568|99|-|-|5,500|-|-|414|1,606|-|408|-|23,595|||-|23,595|23,595|
||**Cricket**|**Senior**|**2024**|**£**||-|21,149|26|-|-|4,248|303|-|228|1,365|-|-|-|27,319|||-|27,319|27,319|
||**Cricket**|**Junior**|**2024**|**£**||-|90,616|2,690|-|-|15,711|1,167|-|1,823|16,194|-|619|-|128,820|||-|128,820|128,820|
||**General**||**2024**|**£**||22,017|3,295|839|89,024|30,582|49,247|2,683|11,727|36,862|181,748|-|21,829|160|450,013|||450,013|-|450,013|
|**Expenditure on charitable activities**|**Previous year:**||||**Direct costs**|Depreciation and impairment|Playing costs|Shop costs|Clubhouse costs|Utilities|Grounds costs|Communications|Insurance|Finance and administration|Events costs|Fundraising|Irrecoverable VAT|Other costs|||**Analysis by fund**|Unrestricted funds - general|Unrestricted funds - designated||
|**7**|||||||||||||||||||||||||
## **OLD RUTLISHIANS' ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
|**8**|**Net movement in funds**|**2025**|**2024**|
|---|---|---|---|
|||**£**|**£**|
||The net movement in funds is stated after charging/(crediting):|||
||Fees payable to the charity's auditor:|||
||- for the audit of the charity's financial statements|10,500|10,000|
||- for other financial services|2,250|-|
||Depreciation of owned tangible fixed assets|24,481|22,225|
## **9 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## **10 Employees**
The average monthly number of employees during the year was:
|**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2025**
**Number**
24
**2025**
**£**
110,706
6,958
1,537
119,201|**2024**
**Number**
18|
|---|---|---|
|||**2024**
**£**
97,039
4,082
1,649|
|||102,770|
There were no employees whose annual remuneration was more than £60,000.
## **11 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
## **12 Transfers**
The Charitable Incorporated Organisation (CIO) took over the assets and undertakings of the previous unincorporated association of the same name (Old Rutlishians' Association) on 1 April 2020.
- 28 -
## **OLD RUTLISHIANS' ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
|**13**
**Tangible fixed assets**
**Group**
**Freehold land**
**and buildings**
**Plant and**
**equipment**
**Fixtures and**
**fittings**
**Bar fixtures**
**and equipment**
**£**
**£**
**£**
**£**
**Cost**
At 1 April 2024
213,536
115,252
24,452
2,741
Additions
47,464
6,302
27,315
-
At 31 March 2025
261,000
121,554
51,767
2,741
**Depreciation and impairment**
At 1 April 2024
39,924
56,869
12,162
2,234
Depreciation charged in the year
8,060
12,409
3,774
238
At 31 March 2025
47,984
69,278
15,936
2,472
**Carrying amount**
At 31 March 2025
213,016
52,276
35,831
269
At 31 March 2024
173,612
58,383
12,290
507
**Charity only**
**Freehold land**
**and buildings**
**Plant and**
**equipment**
**Fixtures and**
**fittings**
**Bar fixtures**
**and equipment**
**£**
**£**
**£**
**£**
**Cost**
At 1 April 2024
213,536
115,252
24,452
-
Additions
47,464
6,302
27,315
-
At 31 March 2025
261,000
121,554
51,767
-
**Depreciation and impairment**
At 1 April 2024
39,924
56,869
12,162
-
Depreciation charged in the year
8,060
12,409
3,774
-
At 31 March 2025
47,984
69,278
15,936
-
**Carrying amount**
At 31 March 2025
213,016
52,276
35,831
-
At 31 March 2024
173,612
58,383
12,290
-
**14**
**Stocks**
**Group**
**2025**
**2024**
**2025**
**£**
**£**
**£**
Finished goods and goods for resale
52,028
49,308
16,885|**Total**
**£**
355,981
81,081|
|---|---|
||437,062|
||111,189
24,481|
||135,670|
||301,392|
||244,792|
||**Total**
**£**
353,240
81,081|
||434,321|
||108,955
24,243|
||133,198|
||301,123|
||244,285|
||**Charity**
**2024**
**£**
14,164|
- 29 -
## **OLD RUTLISHIANS' ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
|**15**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Amounts owed by subsidiary undertakings
Other debtors
Prepayments and accrued income
**16**
**Creditors: amounts falling due within one**
**year**
**Notes**
Borrowings
Other taxation and social security
Deferred income
**19**
Trade creditors
Other creditors
Accruals
**17**
**Creditors: amounts falling due after more than one**
Borrowings
**18**
**Loans and overdrafts**
Other loans
Payable within one year
Payable after one year
**19**
**Deferred income**
**Group and Charity**
Other deferred income|**2025**
**£**
33,184
-
22,204
3,570
58,958
**2025**
**£**
6,140
908
58,881
61,109
862
13,750
141,650
**year**
**2025**
**£**
15,168
**2025**
**£**
21,308
6,140
15,168|**Group**
**2024**
**£**
16,068
-
53,000
-
69,068
**Group**
**2024**
**£**
-
1,611
54,319
96,799
7,806
9,750
170,285
**Group**
**2024**
**£**
-
**Group**
**2024**
**£**
-
-
-|**2025**
**£**
30,954
13,740
21,281
3,570
69,545
**2025**
**£**
-
908
58,881
49,193
752
9,500
119,234
**2025**
**£**
-
**2025**
**£**
-
-
-
**2025**
**£**
58,881|**Charity**
**2024**
**£**
14,370
47,792
53,866
-|
|---|---|---|---|---|
|||||116,028|
|||||**Charity**
**2024**
**£**
-
990
54,319
80,641
2,430
5,500|
|||||143,880|
|||||**Charity**
**2024**
**£**
-|
|||||**Charity**
**2024**
**£**
-|
|||||-
-|
|||||**2024**
**£**
54,319|
- 30 -
## **OLD RUTLISHIANS' ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **19 Deferred income (Continued)**
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 April 2024
Released from previous periods
Deferred income at 31 March 2025
**20**
**Retirement benefit schemes**
**Defined contribution schemes**
Charge to profit or loss in respect of defined contribution schemes|**2025**
**£**
58,881
54,319
4,562
58,881
**2025**
**£**
1,537|**2024**
**£**
54,319|
|---|---|---|
|||47,266
7,053|
|||54,319|
|||**2024**
**£**
1,649|
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
## **21 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
|Cricket Junior
Cricket Senior
Football Senior
Football Junior
Rugby
General funds|**At 1 April**
**2024**
**Incoming**
**resources**
**Resources**
**expended**
**At 31 March**
**2025**
**£**
**£**
**£**
**£**
61,031
156,511
(164,553)
52,989
3,153
9,639
(9,122)
3,670
9,977
15,537
(17,776)
7,738
40,068
86,688
(83,266)
43,490
15,715
231,143
(241,421)
5,437
342,686
606,567
(646,909)
302,344
472,630
1,106,085
1,163,047
415,668|**At 1 April**
**2024**
**Incoming**
**resources**
**Resources**
**expended**
**At 31 March**
**2025**
**£**
**£**
**£**
**£**
61,031
156,511
(164,553)
52,989
3,153
9,639
(9,122)
3,670
9,977
15,537
(17,776)
7,738
40,068
86,688
(83,266)
43,490
15,715
231,143
(241,421)
5,437
342,686
606,567
(646,909)
302,344
472,630
1,106,085
1,163,047
415,668|
|---|---|---|
|||415,668|
- 31 -
## **OLD RUTLISHIANS' ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
|**21**
**Unrestricted funds**
**Previous year:**
Cricket Junior
Cricket Senior
Football Senior
Football Junior
Rugby
General funds
**22**
**Analysis of net assets between funds**
**At 31 March 2025:**
Tangible assets
Current assets/(liabilities)
Long term liabilities
**At 31 March 2024:**
Tangible assets
Current assets/(liabilities)|**(Continued)**
**At 1 April**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**At 31 March**
**2024**
**£**
**£**
**£**
**£**
20,627
169,224
(128,820)
61,031
416
30,056
(27,319)
3,153
11,478
22,094
(23,595)
9,977
34,805
68,164
(62,901)
40,068
25,869
194,189
(204,343)
15,715
365,860
734,584
(757,758)
342,686
459,055
1,218,311
(1,204,736)
472,630
**Unrestricted**
**Unrestricted**
**Total**
**funds**
**funds**
**general**
**designated**
**2025**
**2025**
**2025**
**£**
**£**
**£**
301,392
-
301,392
16,120
113,324
129,444
(15,168)
-
(15,168)
302,344
113,324
415,668
**Unrestricted**
**Unrestricted**
**Total**
**funds**
**funds**
**general**
**designated**
**2024**
**2024**
**2024**
**£**
**£**
**£**
244,792
-
244,792
97,894
129,944
227,838
342,686
129,944
472,630|
|---|---|
## **23 Related party transactions**
There were no disclosable related party transactions during the year (2024 - none).
- 32 -
## **OLD RUTLISHIANS' ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **24 Subsidiaries**
These financial statements are the consolidated financial statements for Old Rutlishians' Association.
Details of the charity's subsidiaries at 31 March 2025 are as follows:
||**Name of undertaking**|**Registered**|**Nature of business**||**Class of**|**Class of**|**% Held**|**% Held**|
|---|---|---|---|---|---|---|---|---|
|||**office**|||**shares**|**held**
**Direct **||**Indirect**|
||Old Rutlishians Trading|United Kingdom|Trading activities||Ordinary
100.00||||
||Limited||||shares||||
|**25**|**Cash (absorbed by)/generated from operations**|||||**2025**||**2024**|
|||||||**£**||**£**|
||(Deficit)/surplus for the year|||||(56,962)||13,575|
||**Adjustments for:**||||||||
||Depreciation and impairment of tangible fixed||assets|||24,481||22,225|
||**Movements in working capital:**||||||||
||(Increase) in stocks|||||(2,720)||(12,719)|
||Decrease in debtors|||||10,110||33,634|
||(Decrease)/increase in creditors|||||(39,337)||36,379|
||Increase in deferred income|||||4,562||7,053|
||**Cash (absorbed by)/generated from operations**|||||(59,866)||100,147|
|**26**|**Analysis of changes in net**|**funds**|||||||
||||**At 1**|**April 2024**|**Cash flows At**||**31 March 2025**||
|||||**£**||**£**||**£**|
||Cash at bank and in hand|||279,747|(119,639)|||160,108|
|||||279,747|(119,639)|||160,108|
||Loans falling due within one year|||-||-||(6,140)|
||Loans falling due after more than one year|||-||(15,168)||(15,168)|
|||||279,747|(134,807)|||138,800|
- 33 -