DIDSBURY TOC H
Youth Development Fund.
ANNUAL REPORT – SEPTEMBER 2022.
The Annual Report is normally prepared by The YDF Chair, however it is with great sadness that we have to report that George Andrews, Chair of the YDF, unexpectedly passed away in July, after a short illness. George joined the club in the early 1970's and continued playing until relatively recently. He was a loyal clubman who was a Vice President of the club, and since 2015 had been Chair of the Youth Development Fund. The club warmly acknowledges his loyalty and friendship over some 50 years and the YDF benefitted from his enthusiasm as Chair for the past few years. George will be sorely missed.
As the YDF is without a Chair until we appoint, hopefully at the AGM on 22[nd] September 2022, the Annual Report has been prepared by Trevor Wooding and Chris Smail. However, rest assured that the YDF will continue to function as usual in the coming weeks, as always supporting the younger players of the club and also the Ladies XV.
We are pleased to report that even though we have spent a relatively substantial amount of money over the past 12 months, supporting the Juniors and the Ladies, our bank balance on 30[th] June 2022 was £17009, including £1280 which is reserved for the U9s junior team from a previous corporate donation. Our healthy financial position continues to be made possible by the regular monthly income we receive from former Toc players as well as parents and friends. Additionally we have received separate donations this year, the details of which are covered later in this report. Most of the regular and individual donations we receive qualify for HMRC Gift Aid, which adds a further 25% to the funding. For full details of the YDF finances please see the Profit and Loss Accounts and Balance Sheet, accompanying this report.
The main objective of the YDF is to promote Junior and Ladies rugby at Didsbury Toc H RFC (“the club”) by providing additional finance for whatever is reasonably requested by these teams. These objectives have been comfortably achieved in the last 12 months – herewith is a summary of the support:
Three Year Agreement with Manchester City Council to provide coaching staff to promote rugby within local schools. The annual cost of £3k is shared equally between the YDF and the club. The arrangement to be reviewed annually to ensure we are receiving ‘value for money’. Supported the costs of a range of RFU coaching courses for both Junior Coaches and Ladies Coaches. Provided funds to the Juniors for their end of season social event along with various annual awards for all junior players. Supported the U15s by contributing to travelling expenses to Rhyl for a 3 Way tournament, along with bespoke polo shirts/track suit bottoms (50% contribution from the club). Supported the U8s and U9s teams for a weekend tournament at Kirby Lonsdale. Playing kit for the Juniors along with bespoke tracksuits for Junior Volunteers/Coaches. Shared the cost of a 360 degree video camera with the club, to record the games of senior teams, junior teams and the Ladies XV. Paid for the coach to Darlington for Ladies XV. These travel costs are no longer subsidised by the RFU.
*The Ladies captain, Laura Riches, was selected as a member of the GB Women’s Tag Rugby Team which won the International Tag Series in Limerick this Summer. As she also had to make weekend trips to London to train with the GB team, the club and YDF supported some of her travelling expenses.
*Ian Howells kindly donated £400 to the YDF following a sponsored walk around Wales, which was used to finance eight ‘Substitutes Weather Suits’ for the Ladies XV.
*David Busfield generously donated £596 to the YDF, which with gift aid, helped fund a portable defibrillator, for pitch-side use for the senior teams, the juniors and the Ladies XV.
On behalf of the YDF Executive we sincerely thank all of our donors for the superb support which enables the YDF to financially help the Juniors and Ladies. We also thank the Junior Committee, parents and friends for their dedication to the promotion of rugby at Toc, week in and week out, irrespective of the weather! We also thank the Ladies Committee for their hard work with the Girls teams, whilst still retaining their position in the prestigious RFU Women’s North 2 League. Last, but by no means least, we would also like to thank the YDF Committee for their commitment in the last year to prudently administering the YDF funds.
We look forward to continuing the support of our youngsters and Ladies XV, thus helping to contribute to another successful rugby season in 2022/23.
Trevor Wooding, Hon Secretary & Chris Smail, Hon Treasurer. Didsbury Toc H Youth Development Fund.
Dated August 2022.
Didsbury Toc H Youth Development Fund
Profit and Loss
July 2021 - June 2022
| TOTAL | |||
|---|---|---|---|
| JUL 2021 - JUN 2022 | JUL 2020 - JUN 2021 (PY) | ||
| Income | |||
| Gifts and Donations Income | |||
| Unrestricted | 2,500.00 | ||
| Total Gifts and Donations Income | 2,500.00 | ||
| IGA Gift Aida | 996.00 | 100.00 | |
| Monthly Members | |||
| MGA Gift Aid | 3,191.00 | 3,209.00 | |
| Total Monthly Members | 3,191.00 | 3,209.00 | |
| Tax Refund | 797.77 | 802.42 | |
| Total Income | £4,984.77 | £6,611.42 | |
| Cost of Sales | |||
| Club Development | 3,504.00 | 2,392.06 | |
| Coach Development | 1,015.00 | 280.00 | |
| Total Cost of Sales | £4,519.00 | £2,672.06 | |
| GROSS PROFIT | £465.77 | £3,939.36 | |
| Expenses | |||
| Quickbooks Subscription | 144.00 | 138.00 | |
| Total Expenses | £144.00 | £138.00 | |
| NET OPERATING INCOME | £321.77 | £3,801.36 | |
| Other Income | |||
| Interest Income | 1.93 | 1.79 | |
| Other Income | 0.72 | 0.18 | |
| Total Other Income | £2.65 | £1.97 | |
| NET OTHER INCOME | £2.65 | £1.97 | |
| NET INCOME | £324.42 | £3,803.33 |
Accrual Basis Tuesday, 13 September 2022 02:15 pm GMT+01:00
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Didsbury Toc H Youth Development Fund
Balance Sheet
As of June 30, 2022
| TOTAL | |||
|---|---|---|---|
| AS OF JUN 30, 2022 | AS OF JUN 30, 2021 (PY) | ||
| Fixed Asset | |||
| Total Fixed Asset | |||
| Cash at bank and in hand | |||
| Current | 4,149.27 | 3,925.22 | |
| Deposit | 12,860.05 | 12,858.12 | |
| Total Cash at bank and in hand | £17,009.32 | £16,783.34 | |
| Debtors | |||
| Income Tax recoverable | 798.49 | 802.55 | |
| Total Debtors | £798.49 | £802.55 | |
| NET CURRENT ASSETS | £17,807.81 | £17,585.89 | |
| Creditors: amounts falling due within one year | |||
| Trade Creditors | |||
| Accounts Payable | 0.00 | 102.50 | |
| Total Trade Creditors | £0.00 | £102.50 | |
| Total Creditors: amounts falling due within one year | £0.00 | £102.50 | |
| NET CURRENT ASSETS (LIABILITIES) | £17,807.81 | £17,483.39 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | £17,807.81 | £17,483.39 | |
| TOTAL NET ASSETS (LIABILITIES) | £17,807.81 | £17,483.39 | |
| Capital and Reserves | |||
| Retained Earnings | 17,483.39 | 13,680.06 | |
| Profit for the year | 324.42 | 3,803.33 | |
| Total Capital and Reserves | £17,807.81 | £17,483.39 |
Accrual Basis Tuesday, 13 September 2022 02:06 pm GMT+01:00
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