**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: 1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. 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 4. 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