**Registered number: 12390951 Charity number: 1195627**
# **GOWERTON RUGBY FOOTBALL CLUB LIMITED**
**(A company limited by guarantee)**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 29 APRIL 2023**
## **GOWERTON RUGBY FOOTBALL CLUB LIMITED**
## **(A company limited by guarantee)**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 3|
|**Trustees' responsibilities statement**|4|
|**Independent examiner's report**|5|
|**Statement of financial activities**|6|
|**Balance sheet**|7 - 8|
|**Notes to the financial statements**|9 - 17|
## **GOWERTON RUGBY FOOTBALL CLUB LIMITED**
## **(A company limited by guarantee)**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 29 APRIL 2023**
|**Trustees**|S J Howells|
|---|---|
||R Jenkins|
||T B Davies|
||J Knox (resigned 5 May 2023)|
||M N Thomas|
|**Company registered**
**number**
12390951
**Charity registered**
**number**
1195627
**Registered office**
56 Cecil Road
Gowerton
Swansea
SA4 3DE
**Accountants**
MHA
Chartered Accountants
MHA House
Charter Court
Swansea Enterprise Park
Swansea
SA7 9FS||
Page 1
## **GOWERTON RUGBY FOOTBALL CLUB LIMITED**
## **(A company limited by guarantee)**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 29 APRIL 2023**
The Trustees present their annual report together with the financial statements of the Charity for the year 30 April 2022 to 29 April 2023. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
## **Objectives and activities**
## **Policies and objectives**
The charity's objects are :-
- the promotion of community participation in healthy recreation for the public benefit in Gowerton and the surrounding areas by the provision of facilities to participate in the amateur sport of rugby union. The provision of facilities encompasses providing buildings. equipment, access to coaching and organising sporting activities.
## **Activities undertaken to achieve objectives**
The Senior rugby team, including the first and second team, have continued to develop during the year. The women, youth and junior rugby teams have also been well supported during the year.
The club house has been able to trade without disruptions which has allowed a range of activities to be carried out during the year.
## **Achievements and performance**
## **Main achievements of the Charity**
The club has continued to attract new players of all ages and has remained committed to engaging with the local community.
## **Financial review**
## **Deficit**
The deficit on unrestricted funds during the year was £13,914.
## **Structure, governance and management**
## **Constitution**
Gowerton Rugby Football Club Limited is registered as a charitable company limited by guarantee and was set up by a Trust deed.
## **Charity constitution**
The charity is a private company limited by guarantee, registered in England and Wales and governed by its Articles of Association and is registered with the Charity Commission.
All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
None of the trustees has any beneficial interest in the company.
Page 2
## **GOWERTON RUGBY FOOTBALL CLUB LIMITED**
## **(A company limited by guarantee)**
**TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 29 APRIL 2023**
## **Structure, governance and management (continued)**
## **Decision making**
The Trustees have the ultimate responsibility for developing and delivering the charity's strategy. Day to day management is undertaken by a management committee.
## **Induction and training of new trustees**
New trustees are familiarised with the governance structure of the charity, the aims and objectives of the charity and the roles undertaken by the management committee. They are given the opportunity to identify any area of activity in which they would like to be involved and if training is required this will be identified and provided by the charity.
Approved by order of the members of the board of Trustees and signed on their behalf by:
## **R Jenkins**
Date: 27 February 2024
Page 3
## **GOWERTON RUGBY FOOTBALL CLUB LIMITED**
## **(A company limited by guarantee)**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 29 APRIL 2023**
The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- 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 adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. 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 members of the board of Trustees and signed on its behalf by:
## **R Jenkins**
Date: 27 February 2024
Page 4
## **GOWERTON RUGBY FOOTBALL CLUB LIMITED**
## **(A company limited by guarantee)**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 29 APRIL 2023**
## **Independent examiner's report to the Trustees of Gowerton Rugby Football Club Limited ('the Charity')**
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 29 April 2023.
## **Responsibilities and basis of report**
As the Trustees of the Charity (and 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 Charity 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 the Charity's accounts 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 Charity 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.
Signed: Brian Garland Dated: 27 February 2024
Brian Garland BA ACA
MHA Chartered Accountants MHA House Charter Court Swansea Enterprise Park Swansea SA7 9FS
MHA is the trading name of MacIntyre Hudson LLP, a limited liability partnership in England and Wales (registered number OC312313).
Page 5
## **GOWERTON RUGBY FOOTBALL CLUB LIMITED**
## **(A company limited by guarantee)**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 29 APRIL 2023**
|**Note**
**Income from:**
Donations and legacies
3
Other trading activities
4
Investments
5
Other income
6
**Total income**
**Expenditure on:**
Raising funds
Establishment costs
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2023**
**£**
**43,914**
**153,469**
**742**
**22,664**
**220,789**
**118,947**
**115,756**
**234,703**
**(13,914)**
**259,345**
**(13,914)**
**245,431**|**Total**
**funds**
**2023**
**£**
**43,914**
**153,469**
**742**
**22,664**
**220,789**
**118,947**
**115,756**
**234,703**
**(13,914)**
**259,345**
**(13,914)**
**245,431**|_Total_
_funds_
_2022_
_£_
_46,054_
_141,298_
_67_
_29,266_
_216,685_|
|---|---|---|---|
||||_105,047_
_93,789_
_198,836_|
||||_17,849_|
||||_241,496_
_17,849_
_259,345_|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 9 to 17 form part of these financial statements.
Page 6
## **GOWERTON RUGBY FOOTBALL CLUB LIMITED**
## **(A company limited by guarantee) REGISTERED NUMBER: 12390951**
## **BALANCE SHEET AS AT 29 APRIL 2023**
|**Note**
**Fixed assets**
Tangible assets
11
Investments
12
**Current assets**
Stocks
13
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within one
year
15
**Net current assets**
**Total assets less current liabilities**
Creditors: amounts falling due after more
than one year
16
**Total net assets**
**Charity funds**
Restricted funds
Unrestricted funds
**Total funds**|**5,423**
**5,736**
**111,141**
**122,300**
**(34,312)**|**2023**
**£**
**171,863**
**6,400**
**178,263**
**87,988**
**266,251**
**(20,820)**
**245,431**
**-**
**245,431**
**245,431**|_6,565_
_5,108_
_125,927_
_137,600_
_(35,144)_|_2022_
_£_
_181,661_
_6,400_
_188,061_
_102,456_
_290,517_
_(31,172)_
_259,345_
_-_
_259,345_
_259,345_|
|---|---|---|---|---|
Page 7
## **GOWERTON RUGBY FOOTBALL CLUB LIMITED**
## **(A company limited by guarantee) REGISTERED NUMBER: 12390951**
**BALANCE SHEET (CONTINUED) AS AT 29 APRIL 2023**
The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
## **R Jenkins**
Date: 27 February 2024
The notes on pages 9 to 17 form part of these financial statements.
Page 8
## **GOWERTON RUGBY FOOTBALL CLUB LIMITED**
## **(A company limited by guarantee)**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2023**
## **1. General information**
Gowerton Rugby Football Club Limited is a company limited by guarantee and is registered with the Charity Commission (Charity Registered Number: 1195627) and Registar of Companies (Company Registration Number: 12390951) in England and Wales.
The registered office is given in the Charity information on page 1 of these financial statements. The nature of the Charity's operations and principal activities are detailed in the Trustees' Report.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Gowerton Rugby Football Club Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **2.2 Going concern**
The charity has made a loss before tax in the year and has both net current assets and net assets at the balance sheet date. The directors believe that the company is well placed to manage its business risks successfully, despite the current uncertain economic outlook.
The directors have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
## **2.3 Income**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
## **2.4 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Page 9
## **GOWERTON RUGBY FOOTBALL CLUB LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2023**
## **2. Accounting policies (continued)**
## **2.5 Tangible fixed assets and depreciation**
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
|Short leasehold|-|2%|
|---|---|---|
|Fixtures and fittings|-|25%|
## **2.6 Stocks**
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
## **2.7 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **2.8 Financial instruments**
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **2.9 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
## **3. Income from donations and legacies**
||**Unrestricted**|**Total**|
|---|---|---|
||**funds**|**funds**|
||**2023**|**2023**|
||**£**|**£**|
|Donations|43,914|**43,914**|
Page 10
## **GOWERTON RUGBY FOOTBALL CLUB LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2023**
**3. Income from donations and legacies (continued)**
||_Unrestricted_|_Total_|
|---|---|---|
||_funds_|_funds_|
||_2022_|_2022_|
||_£_|_£_|
|Donations|_46,054_|_46,054_|
|**4.**|**Income from other trading activities**|
|---|---|
||**Income from fundraising events**|
|**Unrestricted**
**funds**
**2023**
**£**
Bar and food sales
153,469
_Unrestricted_
_funds_
_2022_
_£_
Bar and food sales
_141,298_|**Total**
**funds**
**2023**
**£**
**153,469**|
|---|---|
||_Total_
_funds_
_2022_
_£_
_141,298_|
|**5.**|**Investment income**|||
|---|---|---|---|
|||**Unrestricted**|**Total**|
|||**funds**|**funds**|
|||**2023**|**2023**|
|||**£**|**£**|
||Deposit account interest|742|**742**|
Page 11
## **GOWERTON RUGBY FOOTBALL CLUB LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2023**
## **5. Investment income (continued)**
|Deposit account interest
**Other incoming resources**
Sundry income
100 club
Raffles and collections
Functions
Sundry income
100 club
Raffles and collections
Functions|_Unrestricted_
_funds_
_2022_
_£_
_67_
**Unrestricted**
**funds**
**2023**
**£**
8,754
2,420
4,918
6,572
22,664
_Unrestricted_
_funds_
_2022_
_£_
_7,653_
_2,382_
_4,517_
_14,714_
_29,266_|_Total_
_funds_
_2022_
_£_
_67_|
|---|---|---|
|||**Total**
**funds**
**2023**
**£**
**8,754**
**2,420**
**4,918**
**6,572**
**22,664**|
|||_Total_
_funds_
_2022_
_£_
_7,653_
_2,382_
_4,517_
_14,714_
_29,266_|
## **6. Other incoming resources**
Page 12
## **GOWERTON RUGBY FOOTBALL CLUB LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2023**
## **7. Analysis of expenditure by activities**
|Establishment costs
Rugby costs
Adminstration costs
Depreciation of tangible assets
Finance costs
Taxation
Establishment costs
Rugby costs
Adminstration costs
Depreciation of tangible assets
Finance costs
Taxation
**Independent examiner's remuneration**
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts|**Support**
**costs**
**2023**
**£**
27,976
50,461
11,261
13,514
10,987
1,557
115,756
_Support_
_costs_
_2022_
_£_
_17,327_
_38,239_
_9,446_
_15,437_
_10,467_
_2,873_
_93,789_
**2023**
**£**
**1,850**|**Total**
**funds**
**2023**
**£**
**27,976**
**50,461**
**11,261**
**13,514**
**10,987**
**1,557**
**115,756**|
|---|---|---|
|||_Total_
_funds_
_2022_
_£_
_17,327_
_38,239_
_9,446_
_15,437_
_10,467_
_2,873_
_93,789_|
|||_2022_
_£_
_1,750_|
**8. Independent examiner's remuneration**
Page 13
## **GOWERTON RUGBY FOOTBALL CLUB LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2023**
## **9. Staff costs**
|**2023**
**£**
Wages and salaries
**55,564**
**55,564**
The average number of persons employed by the Charity during the year was as follows:
**2023**
**No.**
Staff
**16**|_2022_
_£_
_51,072_
_51,072_
_2022_
_No._
_15_|
|---|---|
No employee received remuneration amounting to more than £60,000 in either year.
## **10. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2022 - £NIL)_ .
During the year ended 29 April 2023, no Trustee expenses have been incurred _(2022 - £NIL)_ .
## **11. Tangible fixed assets**
|**Cost or valuation**
At 30 April 2022
Additions
At 29 April 2023
**Depreciation**
At 30 April 2022
Charge for the year
At 29 April 2023|**Freehold**
**property**
**£**
**29,625**
**-**
**29,625**
**-**
**-**
**-**|**Short-term**
**leasehold**
**property**
**£**
**125,883**
**-**
**125,883**
**8,062**
**4,031**
**12,093**|**Fixtures and**
**fittings**
**£**
**47,931**
**758**
**48,689**
**18,887**
**7,451**
**26,338**|**Computer**
**equipment**
**£**
**9,194**
**2,957**
**12,151**
**4,023**
**2,031**
**6,054**|**Total**
**£**
**212,633**
**3,715**
**216,348**|
|---|---|---|---|---|---|
||||||**30,972**
**13,513**
**44,485**|
Page 14
## **GOWERTON RUGBY FOOTBALL CLUB LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2023**
|**11.**
**Tangible fixed assets (continued)**
**Freehold**
**property**
**£**
**Net book value**
At 29 April 2023
**29,625**
_At 29 April 2022_
_29,625_
**12.**
**Fixed asset investments**
**Cost or valuation**
At 30 April 2022
At 29 April 2023
**13.**
**Stocks**
Stocks
**14.**
**Debtors**
Trade debtors
Other debtors
Prepayments and accrued income|**Short-term**
**leasehold**
**property**
**£**
**113,790**
_117,821_|**Fixtures and**
**fittings**
**£**
**22,351**
_29,044_||**Computer**
**equipment**
**£**
**6,097**
_5,171_
**2023**
**£**
**5,423**
**2023**
**£**
**157**
**5,000**
**579**
**5,736**|**Total**
**£**
**171,863**|
|---|---|---|---|---|---|
||||||_181,661_|
||||||**WRU**
**debentures**
**£**
**6,400**|
||||||**6,400**|
||||||_2022_
_£_
_6,565_
_2022_
_£_
_-_
_-_
_5,108_
_5,108_|
Page 15
## **GOWERTON RUGBY FOOTBALL CLUB LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2023**
## **15. Creditors: Amounts falling due within one year**
|Bank loans
Trade creditors
Corporation tax
Other taxation and social security
Bonds
Other creditors
Accruals and deferred income|**2023**
**£**
**10,648**
**7,516**
**1,557**
**3,002**
**1,315**
**8,424**
**1,850**
**34,312**|_2022_
_£_
_10,000_
_7,166_
_2,873_
_1,803_
_1,005_
_9,435_
_2,862_|
|---|---|---|
|||_35,144_|
## **16. Creditors: Amounts falling due after more than one year**
||**2023**|_2022_|
|---|---|---|
||**£**|_£_|
|Bank loans|**20,820**|_31,172_|
## **17. Summary of funds**
## **Summary of funds - current year**
|General funds
**Summary of funds - prior year**
General funds|**Balance at**
**30 April**
**2022**
**£**
**259,345**
_Balance at_
_1 April 2021_
_£_
_241,496_|**Income**
**£**
**220,789**
_Income_
_£_
_216,685_|**Expenditure**
**£**
**Balance at**
**29 April**
**2023**
**£**
**(234,703)**
**245,431**
_Expenditure_
_£_
_Balance at_
_29 April 2022_
_£_
_(198,836)_
_259,345_|**Balance at**
**29 April**
**2023**
**£**
**245,431**|
|---|---|---|---|---|
Page 16
## **GOWERTON RUGBY FOOTBALL CLUB LIMITED**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 APRIL 2023**
## **18. Related party transactions**
The charity entered in the following related party transactions:
Gowerton Atheltic Club Limited - The charity paid £7,538 in relation to insurance, membership and levy to the Athletic Club.
Page 17