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2024-06-30-accounts

REGISTERED COMPANY NUMBER: 08295033 (England and Wales) REGISTERED CHARITY NUMBER: 1194897

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 30 June 2024

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 Year Ended 30 June 2024

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 Year Ended 30 June 2024

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 year ended 30 June 2024. 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 5 December 2024 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 year ended 30 June 2024.

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

Date: .............................................

Page 2

Prenton RUFC Limited

Statement of Financial Activities for the Year Ended 30 June 2024

30.6.24
30.6.23
Unrestricted
Total
fund
funds
Notes
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
96,963
77,985
Other
trading
activities
2
43
,8
40
41,
54
9
Investmen
tincome
3
49
4
-
Total
14
1,
29
7
11
9,5
34
EXPENDITURE ON
Raising funds
4
929
7,787
Charitable activities
Rugby participation
130,388
97,544
Other
-18,
21
7
Total
13
1,
31
7
12
3,5
48
NET INCOME/(EXPENDITURE)
9,980
(4,014)
RECONCILIATION OF FUNDS
Total funds brought forward
310,437
314,451
TOTAL FUNDS
CARRIED
FORWARD
32
0,
41
7
31
0,4
37		 30.6.23
Total
funds
£
77,985
43
,8
40
41,
54
9
49
4
-		 30.6.23
Total
funds
£
77,985
43
,8
40
41,
54
9
49
4
-
14
1,
29
7
11
9,5
34
7,787
97,544
-18,
21
7
13
1,
31
7
12
3,5
48
(4,014)
314,451

The notes form part of these financial statements

Page 3

Prenton RUFC Limited

Balance Sheet 30 June 2024

30.6.24 30.6.23 30.6.23 30.6.23
Unrestricted Total
fund funds
Notes £ £
FIXED ASSETS
Tangible assets 8 210,421 214,172
CURRENT ASSETS
Cash at bank and in hand 110,746 97,015
CREDITORS
Amounts falling due within one year 9 (750) (750)
NET CURRENT
10		 96,
ASSETS 9, 26
99 5
6
TOTAL ASSETS LESS CURRENT
LIABILITIES 320,417 310,437
NET ASSETS 32 31
0, 0,4
41 37
7
FUNDS 10
Unrestricted 32 31
funds 0,4 0,4
17 37
TOTAL FUNDS 32 31
0,4 0,4
17 37

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The notes form part of these financial statements

Page 4

The financial statements were approved by the Board of Trustees and authorised for issue on 5 December 2024 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 Year Ended 30 June 2024

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 Computer equipment - 20% on reducing balance

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 Year Ended 30 June 2024

2. OTHER TRADING ACTIVITIES

3. INVESTMENT INCOME
4. RAISING FUNDS
Raising donations and legacies
5. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

30.6.24 30.6.23 30.6.23 30.6.23
£ £
Fundraising 24, 20,
events 99 78
5 7
Bar income 13, 14,
and club hire 67 71
3 0
Sponsorships 5,1 6,0
72 52
43,840 41,549
30.6.24 30.6.23
£ £
Interest 49 -
4
30.6.24 30.6.23
£ £
Support costs
-		 7,
29
8
30.6.24 30.6.23
£ £
Depreciation - 3,7 4,2
owned assets 51 48
Other 23, 9,6
operating 52 90
leases 4

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 June 2024 nor for the year ended 30 June 2023.

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted fund £

Page 6

continued...

INCOME AND ENDOWMENTS FROM Donations and legacies

EXPENDITURE ON Raising funds

77,985 77,985
Other 4
trading 1
activitie ,
s 5
4
9
Total 1
1
9
,
5
3
4
7,787

Page 6

continued...

Prenton RUFC Limited

Notes to the Financial Statements - continued for the Year Ended 30 June 2024

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Unrestricted Unrestricted
fund
£
Charitable activities
Rugby participation 97,544
Other 1
8
,
2
1
7
Total 1
2
3
,
5
4
8
NET INCOME/(EXPENDITURE) (4,014)
RECONCILIATION OF FUNDS
Total funds brought forward 314,451
TOTAL 3
FUNDS 1
CARRI 0
ED ,
FORW 4
ARD 3
7
8.
TANGIBLE FIXED ASSETS
COST
DEPRECIATION
NET BOOK VALUE		 Improvements
Freehold
to
Plant and
Computer
property
property
machinery
equipment
Totals
£
£
£
£
£
At 1 July 2023
and
30 June 2024
133,502
46,004
43,556
3,570 226,632
At 1 July 2023
-
-
11,746
714
12,460
Charge foryear
-
-
3,181
570
3,751
At 30June2024
-
-
14,927
1,284
16,211
At 30June2024
133,502
46,004
28,629
2,286 210,421
At 30 June 2023
133,502
46,004
31,810
2,856
214,172

Page 7

continued...

Page 7 continued...

Prenton RUFC Limited

Notes to the Financial Statements - continued for the Year Ended 30 June 2024

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.24 30.6.24 30.6.23
£ £
Accrued 75
75
expenses
0
0
10. MOVEMENT IN FUNDS
Net
movement At
At 1.7.23 in funds 30.6.24
£ £ £
Unrestricted funds
General fund 310,437 9,980 320,417
TOTAL FUNDS
310,		 9,98
320,
437 0
417
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 141,297 (131,317) 9,980
TOTAL FUNDS
141,		 (131,
9,98
297 317)
0
Comparatives for movement in funds
Net
movement At
At 1.7.22 in funds 30.6.23
£ £ £
Unrestricted funds
General fund 314,451 (4,014) 310,437
TOTAL FUNDS
314,		 (4,01
310,
451 4)
437
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 119,534 (123,548) (4,014)
TOTAL FUNDS
119,		 (123,
(4,01
534 548)
4)

Page 8

continued...

Page 8 continued...

Prenton RUFC Limited

Notes to the Financial Statements - continued for the Year Ended 30 June 2024

10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund		 Net
movement
At
At 1.7.22
in funds
30.6.24
£
£
£
314,451
5,966
320,417
TOTAL FUNDS
314,
451
5,96
6
320,
417		 At
30.6.24
£
320,417

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
260,831
(254,865)
5,966
TOTAL FUNDS
260,
831
(254,
865)
5,96
6

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 June 2024.

Page 9

Prenton RUFC Limited

Detailed Statement of Financial Activities for the Year Ended 30 June 2024

INCOME AND ENDOWMENTS
Donations and legacies
Other trading activities
Investment income
Interest
Total incoming resources
EXPENDITURE
Other trading activities
Visitor food
Charitable activities
Support costs
Management
Promotions and advertising		 30.6.24
30.6.23
£
£
Donations and
gifts
36,
20
0
55,
33
0
Club
memberships
10,
32
9
8,4
23
Development and
grants
50,
43
4
14,
23
2
96,963
77,985
Fundraising
events
24,
99
5
20,
78
7
Bar income and
club hire
13,
67
3
14,
71
0
Sponsorships
5,1
72
6,0
52
43,840
41,549
494
-		 30.6.24
30.6.23
£
£
Donations and
gifts
36,
20
0
55,
33
0
Club
memberships
10,
32
9
8,4
23
Development and
grants
50,
43
4
14,
23
2
96,963
77,985
Fundraising
events
24,
99
5
20,
78
7
Bar income and
club hire
13,
67
3
14,
71
0
Sponsorships
5,1
72
6,0
52
43,840
41,549
494
-
41,549
-
141,297
119,534
929
489
Rugby costs
11,
80
6
16,
24
4
Charitable
donations
15,
86
0
-
Fundraising
consultancy fees
26,
29
4
45,
80
0
53,960
62,044
25,806
12,720
62,044
12,720

Finance

This page does not form part of the statutory financial statements

Page 10

Bank charges 411 208
Other
Property & grounds maintenance 23,524 9,690
Rates and water 577 856
Insurance 1,213 1,256
Light and heat 6,864 5,109
Telephone 2,286 2,772
Postage and stationery 165 74
Sundries 1,461 2,762
Professional fees 10,370 21,320
Plant & machinery depreciation 3,181 3,534
Carried forward 49,641 47,373

This page does not form part of the statutory financial statements

Page 10

Prenton RUFC Limited

Detailed Statement of Financial Activities for the Year Ended 30 June 2024

Other

30.6.24 30.6.23 30.6.23 30.6.23
£ £
Brought forward 49, 47,
64 37
1 3
Computer 57 71
equipment 0 4
50,211 48,087
Total resources 13 12
expended 1,3 3,5
17 48
Net 9,9 (4,
income/(expendi 80 01
ture) 4)

This page does not form part of the statutory financial statements

Page 11