**REGISTERED CHARITY NUMBER: 1187581**
## **REPORT OF THE TRUSTEES AND**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023**
**FOR**
**THE FYLDE RUGBY COMMUNITY FOUNDATION**
Brown & Co Chartered Accountants 5A Marsh Mill Village Fleetwood Road North Thornton-Cleveleys Lancashire FY5 4JZ
**THE FYLDE RUGBY COMMUNITY FOUNDATION**
**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023**
||**Page**|
|---|---|
|**Report of the Trustees**|1 - 2|
|**Independent Examiner’s Report**|3|
|**Statement of Financial Activities**|4|
|**Balance Sheet**|5|
|**Notes to the Financial Statements**|6 – 9|
|**Detailed Statement of Financial Activities**|10|
**THE FYLDE RUGBY COMMUNITY FOUNDATION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2023**
The trustees present their report with the financial statements of the charity for the year ended 31 July 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The promotion of community participation in health recreation for the benefit of the inhabitants of the Fylde Coast of Lancashire and surrounding areas by the provision of facilities for playing rugby union.
The advancement of the amateur sport of rugby union, for the public benefit by the provision of, or assistance in the provision of, facilities for participation in the sport of rugby.
Removing any barriers to participating in rugby union such as finance, facilities, coaching, age, gender or health.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The Fylde Rugby Community Foundation was incorporated as a Charitable Incorporated Organisation (CIO) on 27 January 2020. The charity is controlled by its governing document.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
1187581
## **Principal address**
Fylde Rugby Club Blackpool Road St Annes Lytham St Annes FY8 4EL
## **Trustees**
Sir W B Beaumont CBE DL Mr D J Craven Mr A J Attard OBE Mrs V Thompson Mr D C Wiseman Mr D J Young Mr M T Long
## **FINANCIAL REVIEW**
## **Reserves policy**
Going forward the trustees will endeavour to maintain reserves of £60,000, which is intended to cover 3 months running costs. The reserves policy will be reviewed on an annual basis.
The notes form part of these financial statements
1
**THE FYLDE RUGBY COMMUNITY FOUNDATION**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2023**
## **GOING CONCERN**
The trustees consider that the charity has sufficient forecast income and available resources to cover the ongoing activities of the charity for the foreseeable future.
## **STATEMENT OF TRUSTEES RESPONSIBILITIES**
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed 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, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to 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.
Approved by order of the board of trustees on 20 May 2024 and signed on its behalf by:
## _David Craven_
Mr D J Craven - Trustee
The notes form part of these financial statements
2
**THE FYLDE RUGBY COMMUNITY FOUNDATION**
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES**
I report on the accounts for the year ended 31 July 2023, which are set out on pages four to ten.
## **Responsibilities and basis of report**
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
My role is to state whether any material matters have come to my attention giving me cause to believe:
1. That accounting records were not kept as required by section 130 of the Act; or 2. That the accounts do not accord with those records; or
3. That the accounts do not comply with the accounting requirements of the Act; or
4. That there is further information needed for a proper understanding of the accounts.
## **Independent examiner's statement**
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention.
## _Chris Brown_
Chris Brown BFP, FCA, ATT
Brown & Co 5A Marsh Mill Village Fleetwood Road North Thornton-Cleveleys Lancashire FY5 4JZ
Date: 20 May 2024
The notes form part of these financial statements
3
## **THE FYLDE RUGBY COMMUNITY FOUNDATION**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2023**
|||||**2023**|**2022**|
|---|---|---|---|---|---|
|||**Unrestricted**|**Restricted**|**Total**|**Total**|
|||**funds**|**funds**|**funds**|**funds**|
||**Notes**|£|£|£|£|
|**INCOME RESOURCES**||||||
|**Incoming resources from generating funds**||||||
|Voluntary income|2|10,175|74,408|84,583|96,950|
|Activities for generating funds|3|47,090|67,516|114,606|59,540|
|**Incoming resources from charitable**||||||
|**activities**||||||
|Schools income||-|41,382|41,382|21,754|
|Camps income||-|20,477|20,477|33,114|
|**Other income**||||||
|Interest received||170|-|170|10|
|||______|______|______|______|
|**Total incoming resources**||57,435|203,783|261,218|211,368|
|||||||
|||______|______|______|______|
|**RESOURCES EXPENDED**||||||
|**Costs of generating funds**||||||
|Costs of generating voluntary income|4|1,530|5,429|6,959|4,510|
|**Other resources expended**||60,189|170,934|231,123|182,068|
|||______|______|______|______|
|**Total resources expended**||61,720|176,363|238,082|186,578|
|||______|______|______|______|
|**NET INCOMING RESOURCES**||(4,285)|27,420|23,136|24,790|
|||||||
|||______|______|______|______|
|**TOTAL FUNDS BROUGHT FORWARD**||74,846|-|74,846|50,056|
|Transfer between funds||-|-|-|-|
|||______|______|______|______|
|**TOTAL FUNDS CARRIED FORWARD**||**70,561**|**27,420**|**97,981**|**74,846**|
|||______|______|______|______|
The notes form part of these financial statements
4
**THE FYLDE RUGBY COMMUNITY FOUNDATION**
## **BALANCE SHEET**
## **AS AT 31 JULY 2023**
|||**2023**|**2022**|
|---|---|---|---|
|||£|£|
||**Notes**|||
|**FIXED ASSETS**||||
|Tangible assets|7|873|1,089|
|**CURRENT ASSETS**||||
|Debtors|8|18,971|14,863|
|Cash at bank and in hand||110,348|90,329|
|||______|______|
|||129.318|105,192|
|**CREDITORS**||||
|Amounts falling due within one year|9|(32,210)|(31,435)|
|||______|______|
|**NET CURRENT ASSETS**||97,108|73,757|
|||______|______|
|**TOTAL ASSETS LESS CURRENT LIABILITIES**||97,981|74,846|
|||______|______|
|**NET ASSETS**||**97,981**|**74,846**|
|||||
|||______|______|
|**FUNDS**||||
|Unrestricted funds|10|70,561|21,018|
|Restricted funds||27,420|53,828|
|||______|______|
|**TOTAL FUNDS**||**97,981**|**74,846**|
|||______|______|
The financial statements were approved by the Board of Trustees on 20 May 2024 and were signed on its behalf by:
## _David Craven_
## Mr D J Craven - Trustee
The notes form part of these financial statements
5
**THE FYLDE RUGBY COMMUNITY FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and equipment - 20% reducing balance
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Hire purchase and leasing commitments**
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
The notes form part of these financial statements
6
**THE FYLDE RUGBY COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS CONTINUED FOR THE YEAR ENDED 31 JULY 2023**
|**2023**
**2.**
**VOLUNTARY INCOME**
£
Donations
Grants
10,175
74,408
______
84,583
______
Grants received, included in the above, are as follows:
Fylde Borough Council
Plymouth University
National Lottery - Walking rugby and reminiscing project
Active Lancashire – Together Fund
National Lottery – Wheelchair rugby
Co-op Community Fund
Barchester’s Foundation – Wheelchair rugby equipment
Streetwise Youth Community Centre
Souter Trust – Wheelchair rugby
Wooden Spoon
Wyre Council
National Heritage
National Lottery – Girls rugby
Steven Bloch Foundation – Wheelchair rugby
Civic Centre
UK Youth
Assura Grant – Cheshire Community
ESC Lottery Fund
Other
11,169
-
-
4,250
23,000
-
600
3,100
-
2,260
1,629
-
1,000
-
-
10,000
1,000
6,750
9,650
______
74,408
______
**3.**
**ACTIVITIES FOR GENERATING FUNDS**
£
Sponsorships 114,606
______
**4.**
**COSTS OF GENERATING VOLUNTARY INCOME**
£
Support costs 6,959
|**2022**
£
9,475
87,475
______
96,950
______
39,136
500
9,930
-
9,860
3,270
-
-
3,000
-
-
9,920
9,980
500
1,224
-
-
-
155
______
87,475
______
£
59,540
______
£
4,510
|
|---|---|
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 July 2023.
## **Trustees’ expenses**
There were no trustees’ expenses paid for the year ended 31 July 2023.
The notes form part of these financial statements
7
## **THE FYLDE RUGBY COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS CONTINUED FOR THE**
## **YEAR ENDED 31 JULY 2023**
|**6.**
**STAFF COSTS**
Wages and salaries
The average monthly number of employees during the period was as follows:
Coaches
No employees received emoluments in excess of £60,000.
**7.**
**TANGIBLE FIXED ASSETS**
**Cost**
Balance brought forward
Balance carried forward
**Depreciation**
Balance brought forward
Charge for year
Balance carried forward
**Net book value**
As at 31 July 2023
As at 30 July 2022
**8.**
**DEBTORS: AMOUNTS DUE WITHIN ONE YEAR**
Trade debtors
Prepayments
VAT
Accrued income|£
£
4,190 9,162
______ ______
3 3
______ ______
Fixtures &
equipment
£
1,702
______
**1,702**
______
613
216
______
**829**
______
**873**
______
1,089
______
£
£
6,580 2,112
1,410 450
1,331 12,301
9,650 -
______ ______
18,971 14,863
|
|---|---|
The notes form part of these financial statements
8
**THE FYLDE RUGBY COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS CONTINUED FOR THE YEAR ENDED 31 JULY 2023**
## **9. CREDITORS: AMOUNS DUE WITHIN ONE YEAR**
|||||£|£|
|---|---|---|---|---|---|
||Trade creditors|||18,210|26,410|
||Accruals|||-|1,275|
||Deferred income|||14,000|3,750|
|||||______|______|
|||||32,210|31,435|
|||||||
|||||______|______|
|**10.**|**MOVEMENT IN FUNDS**||**At 1 August**|**Net movement**|**At 31 July**|
||||**2022**|**in funds**|**2023**|
||||£|£|£|
||**Unrestricted funds**|||||
||General funds||21,018|49,543|70,561|
||**Restricted funds**||53,828|(26,408)|27,420|
||||______|______|______|
||**Total funds**||**74,846**|**23,135**|**97,981**|
|||||||
||||______|______|______|
||Net movement in funds, included in the above are:|||||
|||**Incoming**|**Resources**|**Transfer**|**Movement**|
|||**resources**|**expended**|**between funds**|**in funds**|
||**Unrestricted funds**|||||
||General funds|57,435|(61,720)|-|(4,285)|
||**Restricted funds**|203,783|(176,362)|-|27,421|
|||______|______|______|______|
||**Total funds**|**261,218**|**(223,813)**|**-**|**23,135**|
|||______|______|______|______|
The notes form part of these financial statements
9
## **THE FYLDE RUGBY COMMUNITY FOUNDATION DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2023**
|||**Period from 1**|
|---|---|---|
||**Year ended**|**July 2021 to**|
||**31 July 2023**|**30 June 2022**|
|**INCOMING RESOURSES**|£|£|
|**Voluntary income**|||
|Donations|10,175|9,475|
|Grants|74,408|87,475|
||______|______|
||84,583|96,950|
|**Activities for generating funds**|||
|Sponsorships|114,606|59,540|
|**Incoming resources from charitable activities**|||
|Training courses|61,859|54,868|
|**Other income**|||
|Interest received|170|10|
||______|______|
|**Total incoming resources**|261,218|211,368|
|**RESOURCES EXPENDED**|||
|**Other resources expended**|||
|Wages|4190|9,162|
|Rent|1067|8,840|
|Management costs|207,566|158,891|
|Depreciation charge|216|273|
|Training|838|1,227|
|Educational resources|2,977|3,675|
|Irrecoverable VAT|14,269|-|
||______|______|
||231,123|182,068|
|**Support costs**|||
|Insurance|1,271|1,226|
|Advertising|1,978|1,326|
|Accountancy fees|1,808|1,358|
|Travel costs|360|3 362|
|Bank charges|480|235|
|Sundries|722|-|
|Legal|340|-|
|||______|
||______||
||6,959|4,510|
||______|______|
|**Total resources expended**|238,082|186,578|
||______|______|
|**Net income**|**23,136**|**24,790**|
The notes form part of these financial statements
10