REGISTERED COMPANY NUMBER: 08295033 (England and Wales) REGISTERED CHARITY NUMBER: 1194897
Report of the Trustees and Unaudited Financial Statements for the Period 1 May 2021 to 30 June 2022
for
Prenton RUFC Limited
Cheryl Bostock & Company Accountants Limited 395-397 Woodchurch Road Prenton Birkenhead Merseyside
Prenton RUFC Limited
Contents of the Financial Statements
for the Period 1 May 2021 to 30 June 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 9 |
| Detailed Statement of Financial Activities | 10 | to | 11 |
Prenton RUFC Limited
Report of the Trustees
for the Period 1 May 2021 to 30 June 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 1 May 2021 to 30 June 2022. 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Related parties
The charity wholly owns its trading subsidiary, Prenton RUFC Enterprises Ltd. All surplus profits generated are donated to the parent charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
08295033 (England and Wales)
Registered Charity number
1194897
Registered office
Prenton Dell Road Prenton CH43 3BS
Trustees
P Foster A G Sargent M Cavanagh G Knapman
Company Secretary
Independent Examiner
Cheryl Bostock & Company Accountants Limited 395-397 Woodchurch Road Prenton Birkenhead Merseyside
COMMENCEMENT OF ACTIVITIES
The company, Prenton RUFC Limited, applied and was granted charity status on 22nd June 2021.
Approved by order of the board of trustees on 26 May 2023 and signed on its behalf by:
P Foster - Trustee
Page 1
Independent Examiner's Report to the Trustees of Prenton RUFC Limited
Independent examiner's report to the trustees of Prenton RUFC Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the period 1 May 2021 to 30 June 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 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.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Cheryl Bostock
Cheryl Bostock & Company Accountants Limited 395-397 Woodchurch Road
Prenton Birkenhead Merseyside
7 June 2023
Page 2
Prenton RUFC Limited
Statement of Financial Activities for the Period 1 May 2021 to 30 June 2022
| Period | |||
|---|---|---|---|
| 1.5.21 | |||
| to | Year Ended | ||
| 30.6.22 | 30.4.21 | ||
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 61,253 | 35,128 | |
| Other trading activities | 2 | 46,628 | 24,294 |
| Total | 107,881 | 59,422 | |
| EXPENDITURE ON | |||
| Raising funds | 12,686 | 35,943 | |
| Charitable activities | |||
| Rugby participation | 17,507 | 314 | |
| Other | 45,249 | 6,717 | |
| Total | 75,442 | 42,974 | |
| NET INCOME | 32,439 | 16,448 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 282,012 | 265,564 | |
| TOTAL FUNDS CARRIED FORWARD | 314,451 | 282,012 |
The notes form part of these financial statements
Page 3
Prenton RUFC Limited
Balance Sheet 30 June 2022
| 30.6.22 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 6 212,916 CURRENT ASSETS Stocks 7 - Cash at bank and in hand 102,285 102,285 CREDITORS Amounts falling due within one year 8 (750) NET CURRENT ASSETS 101,535 TOTAL ASSETS LESS CURRENT LIABILITIES 314,451 NET ASSETS 314,451 FUNDS 9 Unrestricted funds 314,451 TOTAL FUNDS 314,451 |
30.4.21 Total funds £ 172,070 985 109,707 110,692 (750) 109,942 282,012 282,012 282,012 282,012 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2022.
The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 26 May 2023 and were signed on its behalf by:
A G Sargent - Trustee
The notes form part of these financial statements
Page 4
Prenton RUFC Limited
Notes to the Financial Statements for the Period 1 May 2021 to 30 June 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation 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.
Page 5
continued...
Prenton RUFC Limited
Notes to the Financial Statements - continued for the Period 1 May 2021 to 30 June 2022
2. OTHER TRADING ACTIVITIES
| Fundraising events Bar income and club hire Sponsorships |
Period 1.5.21 to Year Ended 30.6.22 30.4.21 £ £ 15,094 5,654 25,537 14,385 5,997 4,255 46,628 24,294 |
|---|---|
3. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| Period | ||
|---|---|---|
| 1.5.21 | ||
| to | Year Ended | |
| 30.6.22 | 30.4.21 | |
| £ | £ | |
| Depreciation - owned assets | 3,927 | 4,285 |
| Other operating leases | 23,780 | 18,833 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 30 June 2022 nor for the year ended 30 April 2021.
Trustees' expenses
There were no trustees' expenses paid for the period ended 30 June 2022 nor for the year ended 30 April 2021.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 35,128 |
| Other trading activities | 24,294 |
| Total | 59,422 |
| EXPENDITURE ON | |
| Raising funds | 35,943 |
| Charitable activities | |
| Rugby participation | 314 |
| Other | 6,717 |
| Total | 42,974 |
| NET INCOME | 16,448 |
Page 6
continued...
Prenton RUFC Limited
Notes to the Financial Statements - continued for the Period 1 May 2021 to 30 June 2022
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 6. TANGIBLE FIXED ASSETS Improvements Freehold to property property £ £ COST At 1 May 2021 133,502 - Additions - 40,500 At 30 June 2022 133,502 40,500 DEPRECIATION At 1 May 2021 - - Charge for year - - At 30 June 2022 - - NET BOOK VALUE At 30 June 2022 133,502 40,500 At 30 April 2021 133,502 - 7. STOCKS Stocks |
Plant and machinery £ 42,853 703 43,556 4,285 3,927 8,212 35,344 38,568 |
Unrestricted fund £ 265,564 282,012 Computer equipment Totals £ £ - 176,355 3,570 44,773 3,570 221,128 - 4,285 - 3,927 - 8,212 3,570 212,916 - 172,070 30.6.22 30.4.21 £ £ - 985 |
|---|---|---|
Page 7
continued...
Prenton RUFC Limited
Notes to the Financial Statements - continued for the Period 1 May 2021 to 30 June 2022
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Accrued expenses 9. MOVEMENT IN FUNDS At 1.5.21 £ Unrestricted funds General fund 282,012 TOTAL FUNDS 282,012 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 107,881 TOTAL FUNDS 107,881 Comparatives for movement in funds At 1.5.20 £ Unrestricted funds General fund 265,564 TOTAL FUNDS 265,564 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 59,422 TOTAL FUNDS 59,422 |
30.6.22 30.4.21 £ £ 750 750 Net movement At in funds 30.6.22 £ £ 32,439 314,451 32,439 314,451 Resources Movement expended in funds £ £ (75,442) 32,439 (75,442) 32,439 Net movement At in funds 30.4.21 £ £ 16,448 282,012 16,448 282,012 Resources Movement expended in funds £ £ (42,974) 16,448 (42,974) 16,448 |
|---|---|
Page 8
continued...
Prenton RUFC Limited
Notes to the Financial Statements - continued for the Period 1 May 2021 to 30 June 2022
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the period ended 30 June 2022.
Page 9
Prenton RUFC Limited
Detailed Statement of Financial Activities for the Period 1 May 2021 to 30 June 2022
| INCOME AND ENDOWMENTS Donations and legacies Donations and gifts Club memberships Development and grants Other trading activities Fundraising events Bar income and club hire Sponsorships Total incoming resources EXPENDITURE Other trading activities Bar and other stock Charitable activities Rugby costs Charitable donations Support costs Management Trading set up Promotions and advertising Covid grant spend Finance Bank charges Other Property & grounds maintenance Rates and water Insurance Light and heat Telephone Postage and stationery Carried forward |
Period 1.5.21 to 30.6.22 £ 13,507 7,636 40,110 61,253 15,094 25,537 5,997 46,628 107,881 12,686 10,953 100 11,053 1,825 7,895 936 10,656 523 23,780 638 1,226 4,913 2,285 272 33,114 |
Year En ded 30.4.21 £ 658 5,980 28,490 35,128 5,654 14,385 4,255 24,294 59,422 9,186 314 1,976 2,290 - 2,640 2,933 5,573 453 18,833 10 15 689 366 79 19,992 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 10
Prenton RUFC Limited
Detailed Statement of Financial Activities for the Period 1 May 2021 to 30 June 2022
| Other Brought forward Sundries Professional fees Plant & machinery depreciation Total resources expended Net income |
Period 1.5.21 to 30.6.22 £ 33,114 1,453 2,030 3,927 40,524 75,442 32,439 |
Year En ded 30.4.21 £ 19,992 1,195 - 4,285 25,472 42,974 16,448 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 11