REGISTERED COMPANY NUMBER: 11952768 (England and Wale$) REGISTERED CHAIUTY NUMBER: 1195769 Rem ofthe lld UD•vdlted FIAncl•l Slattm¢nts for ikn Year EJde4130 Aprll 2024 ror H•rrog*te RUFC Limlt¢d (A Company Limlied by G&T•tte)
Harrogate RUFC L4mited CHAIR'S REPORT for the Yr Ended 311 April 2024 Ther¢ is douth that thi5 year wrcsented the most challenging for Harrogate Rugby Club sirKe moving to the Rudding tane Iochiion. While the rainfall cxperienced throughout the nMjoriry of the season Wds unprecedented, there is no doubt our facilities are significwttly less capable of dealing with li than comparable clubs of our size. And it is clear that what we call Unpttdented now could 11 bec(xne norn)ai going fonvard as the potential impact of Clinte change starts to show itself. With such a large proportion of commeIal Inco lost due to nCelIationS of nbY by all sections of the club it is onty through the generosity of a few key member5 and the hard work of the commercial team thai the club able lo retsin a small net positive income for the year. However given the capltal costs 3$50ciated with mainraining {sin¢¢ improvinK ¢UTr¢nily rcrnain3 financialty of reach) the playing gurfaceg which the elub must now budget for at. A £20,000 annual net income is required &8 & breakryeven trtysition. Our mission of Rugby lor All is I1 deliverAble if cannot proYi(k pitches to play on. Tr investsnent in driving ¢ommerciai income and the stsptKJrt of lojtl Tnembers has PTovided a good start OD our primary pitch. We need to now make th¢ collecttve effort to build on this before this investn*oi i% required a8aiD. Mark Garrett Chainrian Pag¢ I
Harrog8te RUFC Limited Repjrt of the Trnstefs for tbe Year Eded 30 April 2024 The trust¢es who are also directOT5 of the charity for the pur of the Companies Acl 2006, present their report wtth the fffinanciat statements of the cbarity for the yvdr ended 30 April 2024. The trustees have adopted the provisions of Accounting and Reporting by Charitie5: Sthtement of Rttommended Practice applicable to ¢hartties preparing their accounts in accordance with the Finla1 Reporting Standard applicable in th¢ UK and Republic of Ir¢land (FRS 102) {eff¢¢tive l January 2019). OWEcfivES AND ACTIVITIFS Obl¢ctlves and aim5 The promotion of community Fdrticipation in he<hy rccreation for the public benefit in Harn)e and $urrouttdin8 area through the provision of factlities lo enable participation in the of amat¢ur rngby union fry)tball. SigTrSfk*ut a¢tivitles To provid¢ and assist in providing faciltti¢s for sm recreation (K (rther leisure litt oceupatton of such P0s who have need for such fa¢ilities by reason of their youth. age. infiTTnity or disablemenL poveTty or S1&1 end economi cir¢umstance$ or for the public w knr8e in the interests of 181 welfare and with the object of improving their conditions of lifr, and to adY•Jce the ¢dueatTon of children and young p¥>le. Public benellt The trustees are 5atisfi¢d that the chtirity continues io meet the Tequired public benefit test through its objectives and activiiies. and ¢onfLnn they havt reftrred to th¢ Charity conuni10netrS genernl guldance on public benefit. STRUCTURE. GOVERNANCE AND MANAGEME Gov¢rnlng dllent The charity is ¢ontrolled by tts governing deed of tsWL and Constit a limited company, limited ty guarantee, as defined by th¢ Companies Act 2(I)6. REFERF.NCF. AND ADMINISTRATIVE DETAILS Re%islered Company Thber 11952768 (England and Wales) Re8L4tsred Charlty Mumber 1195769 Re¥lstered offlee Rudding Lane North Yorkshire HG3 ILX) Truste m.eaett M.Cothtt M. Cowling (appointed 19th July 2023) D Thompson (r¢signeA 19th July 2023) Approv¢d by ord¢r ofthc l)oard of truskcs on 21 2W24 2nd sId on its behalf by.. M Gar. Tnistee P#g¢ 2
Independent ExamÈner's Rew•rt to the Trnstets of Harrogate RUFC Limited Indeptndellt exami#eVs Teport to the trus¢ees of H8rrogt¢ RUFC Limited Ctbe Comp8Try') I report to the charity tnL8lees on my examÉnation of the accw)ts of the Company forth¢ year ended 30 April 2024. Responsibilities Rnd hsls of rert As the charitys trLhStees of the Company (armj also its director5 forthe purposes of compaThy jaw) yots are responsible for the prtpardtioll of the accounts iti a¢coTdance with tk requiremthts of th¢ Companies Act 2 (Ihe 2006 Ace). Having satisfied myself that the accounts of the Company are wuired to be audited under Part 16 of the 2006 Act and are eli8ible for indettndent examinatim J report in respe¢t of my examin10 of your charity¥ accounts as carried under Section 145 of the Charities A 2011 (Ihe 2011 ACVJ. In ¢a¥rying out my examRDation I have followed the Dtrections given by the Chariry Commissiort under Section 145(5) (b) of the 2011 ACL IndpendeDt $¢•tem•tst I have complded my examination. I ¢(rM tha¢ no matters have to my attention in ¢onne¢tion with th¢ examinaiion giving me cause to believe: accounting records were not kept tn respect of the C(Mwy as requir&1 by Section 386 of the 2006 Acr. ()r the ao¢ounts do not a¢¢ord with thos¢ records: the accounts do nol compty with the accounting requirements of Section 396 of the 2006 Act oth¢r than any requirement that the accounts give a true and fair view which 1$ n(rt • llthtter ¢onsidered as part of on independent exomination; or the ac¢ounts have not been prepared in accord#nc¢ with the meth(th aThJ winciples of the Stat¢ment of R¢¢ommended Pra¢tice for accouming and reporting by charities (applicable to clwities preparin8 their aoniS in a¢¢ordance with the Fina141 Reporting Sthndard applicable in the UK and Republic of Ireland (FRS 102)). I have no concems aTKI have com¢ across no otheT nMtters in Conrt th the eXnIntion to whi¢h attention should be drawn in thi$ report in der enable a pr(yer undeing of the accounts to be reached. D d'Arcy Thompson FCA The In$iitute of Chart¢red Accountsnts in England and Wales 22 O¢%oi%r 2024
Harrogxte RUFC Llmlte41 Statement of Finttci•l Aetivities (IncorporntlDg 14¢onbe Expeuditsre Aeuwnt) for the Yer Ende4130 April 2024 30.4.24 Ilnrestricted fimd 30.4.23 Total fijnds INCOME AND ENDOWMENTS FROM Donations and 1¢5 85.460 47,040 Charltsble artlvitie8 Fundrni5ing 11.091 32207 50,061 55.527 Total 146.612 134.774 EXPENDITURE ON ChArit*ble aetivitl¢8 Cosi of rugby Overheads 112.641 27.847 97,659 24,484 Tot•1 140.488 122.143 NET INCOME Other reco8ntsed ¥81n(lO$s¢Sj Gains on r¢valuation of fixed Sets 6.124 12,631 1,000.000 Net movemen¢ l• fuDd¥ 6.124 1,012,631 RECONCILIATION OF FUNDS Total fitnds brought forward 1,014.087 1,456 TOTAL FUNDS CARRIED FORWARD 1.020,211 1,014.087 Pa8¢ 4
Harrogate RUFC Limlted Balance Sheet 30 April 2024 30.4.24 Unrestricted fimd 30.4.23 Total funds FIXED ASSETS Tangible assets Investsncttls 1.036.128 20 1.016217 20 1.036,148 ,016237 CURRENT ASSETS Siock5 tkbtors Chsh at bank 5,608 16.575 15237 8.019 32,165 37.420 41299 CREDITORS Amounis falling due within one year (33257) (43.449) NET CURRENT A&SETS 4.163 {2,150) TOTAL ASSETS LE&$ CURRENr LIABILITIES 1.040.311 ,014.087 CREDITOILS Amounts falling due after rnore ihan one year 10 (20.100) NET ASSETS 1,020211 1.014.087 FUNDS Unresiri¢t¢d fvnds 12 1.020.211 1,014.087 TOTAL FUNDS 1,020211 1,014.087 The charitable company i4 entitled exemption from audit Se¢tiiM 4Tr of the C(Anpanies Act 21 for the yeur ended 30 April 2024. The member5 hav¢ not required th¢ conwy io obtain 4n audii of its fin¢11] sthtements fLY the year ended 30 April 2024 in x¢ordance with S¢dion 476 of the CoTnPani¢S Act 2006. The trustees acknowledge their re4K)nsibililies for {a) ensuring that th¢ ¢haritable company k¢¢ps a¢wUntlS T¢rS that compty with S¢c¢ions 386 und 387 of the Companies Act 2(M)6 and prepaTing financial ststements which give a and fair view of the stste of affair5 of the charitable company as at the end of each financtal year and of its surplus or d¢firit for ¢ach financial y¢4r ID accordance with the requirements of Sections 394 gnd 395 and which Othe )mplY with the requirern¢nts of the Companies Act 2006 relating to financial ststeMS. so far 85 wlicable to the ckrttsble wmpany. (b) The notes for part of these financial ontinued..
H*rrogatt RUFC Limited Balantt Sheet- eontinued 30 April 2024 These f]nanctal slatements have iren pretAr¢d in acc¢ the provisions applicable to chaTitable ¢ompani¢s subj¢ct to the snthll wmpanies regime. The financial statements were approved by the Board of Te¢S and athris¢d for ise on 21 Oaober 2024 and were signed on tts behalf by: M J Cowling- Trust¢e M GaTrett. Tntstee M Corb¢tt. Ttee Page 6
H#rrogate RUFC Llmited Notes to the FlJt&Dcial Statemtllts for the Year Ended 30 April 2024 ACCOUNTING POLICILS B4sis of preparing the financial stotemethts The financial statements of the charithble company, which is a wblac beneftl ¢ntity under FRS 102, have been prepared in accordance with the Clwities SORP (FRS 102)'A¢counting and Reporting by Charttics". Staiemeni of Recornrnended Prnrtict applicable to ¢harÉiies their aecounts tn accordan¢e with the Financial Reporting Standard opplicable Èn th¢ UK aTHI Republic of Ireland (FRS 102) (cffeclive l January 2019),. Finatjcial Reporting Stsndard 102 'The Financial Reing Stsndard #pplicable in the UK and Republic of Ir¢land' and the Companies Aa 2006. The financial ststernents have been prepared under th¢ historical ¢ost convention. with ihe exceyion of investments which are included at market value, a5 modifTred by the revaluation of certain assets. Prnp8TtloD of conJolld•ied finaNel81 Statenlts The financial sthternents contain infonnaiion abo Harrog RUFC Lnnited 4$ an tndivithl Company and do not contain Consolidat financial infonnation the parent of a group. The charity is exempt under Section 399(2A) of the Companies A¢t 2006 from the r¢quiremeDts io pware ClIdat¢d financial 5taiem¢nrs. Ineome All income is r¢cognis¢d in the stste[tnI of Financial Activiiies once the charity has entitlement to the fund& it )bable tht the income will be received and the amowrt can be measttred reliably. Expendlture Liabilitie5 are r¢¢ognised as expenditure as soon as there is a le8al or wnstrwtive obli¥iiion committing the charity to ihat expenditure, it 15 wobable that a tsansfer of economi¢ benefits will be required in settlement and the amount of the obligation can be measured reliablv. ExIdi1u is xcounteAI for on an accruals basis and has been clwified under headings tho1 agwaie cost relad to the category. Where costs eannot be directly attributed to particular headÈngs they have been alkted adivitie5 on 8 basis consi#ent wtth the us¢ of resouree$. Rtl•ted rty txempdo The chartthble company h&$ tsken advants8e of exemMioty wider the tern?$ of Financial Reporrtn8 StaThJard 102 The Financial Reponin8 Standard applicable in the UK and R¢public of Irelantt. not w disclose related party transactions with wholly owTd subsidiaries within the 8roup. Sto¢ Stocks are VUed the lower of cost and net reaiisable valu< after making due allow¢¢ for obsoleie and slow movin8 items. Tutlon The compary limited by gu4raMiee wthich is a charity is excrnpt from ratIOn tsx on its charitable activitie5. The chartty ha5 a tradtng subsidiary with a relevani note that in August 1995, in c4)mmon with other Clvbs in the National Lgues, the Club fitmt$hed HMRC with three reports covering ernployees> players and general matters in the two year5 ended 30th April 1994 and e&b]ished its ttIOn ststus. li was ae¢d with HMRC that the Club calculates any charge to coryxiralion tsx on its non-mutual income only. ecountiD% UnTtstri¢ted f¢mds Can be used tn &corth¢e with the charitable objecttves a¢ th¢ disrtion of the tsvstees. Restrirted funds can only used for particular TWtrIrt purse$ withill the objects of the charity. Resrrithions arise when s¢Ified by the donor or when aTf rnised for particular restri¢ted purposes. Further explanatton of ts nature and pwp05c of eath fimd is iwluded iti the notes to the ful¢1 5¢atements. Hire purcba8e nd le4slmg The int¢rest element of ihese obligats"on5 15 charged to the StstemeJTrt of Financial Activities over the relevant p¢ri(xL The capital element of the fimt pats 15 treatrd gs a li4bilty. R¢nthls patd under leases are ¢harged to the Ststement of Financi A1vitieS on a strai¥)t line basis over the period of the lease. Pa8e 7 continuoj...
Harrogate RUFC Limlted Notes to Ibe Statefftets- for tlhe Yer Etsded 311 April 2024 ACCOUNTING POLICILS- eottthiued PeDsioR eosts other post-retlYem¢llt benellts The charitable company operaies a defined ¢ontrFbution pension scheme. Contribu¢ions payable to the ¢haritable ompany's pension scheme charged the of Financial Activities ID th¢ period io which thty r¢l4te. NET INCOMEI(EXPENDITURE) Net in¢omell¢xFu)djttwe) is slhted after chargTll81(cr&litin8)'. 30.4.24 30.4.23 tkpreciation. owned assets Other (yeming leases Surphts on dis51 of fix¢d assets 1.849 1.680 (1,760) 5.196 TRUSTEES. REMUNERATION AND BENEFITS There were no tryees' remuneration or other b¢nefits for the year ended 30 April 2024 nor for the year ended 30 April 2023. TrnJteeJ' ¢xpens There were no tr5, expenses ld for the year ended 30 April 2024 nor for the year ¢nded 30 Aprtl 2023. COMPARATIVES FOR THE STATEMEwf OF FINANCIAL ACTIVITIES Unrestricted fimd INCOME AND ENDOWMENTS FROM DOnLon$ and le8a¢ies 47,040 Cb•rltsbk athftles Fuftdrdising 32207 Other income 55,527 Tot•1 134,774 EXPENDITUREON Cbaritsbk aetivi¢i Co* of Tugby Overheads 97.659 24.484 Total 122,143 NET INCOME Other reeo%niJed ¥ain(lo55¢S) Gains on revaluation of fixed &wts 12.631 I,000,(rf)o N¢¢ movtment in fthnd$ 1.012.631 RECONCILIATIOL¥ OF FUNtKS Total rtdS brought forward 1.456 ¢ontinued...
H¥4rrogxte RUFC Limited Notes to the Fittsncial St¥temeDts- eonthiued for the Year EDded 30 April 2024 COMPARATIVES FOR THE sfATEMENT OF FINANCIAL AcfiviTIES- ¢oRlillued Unrestricied fund TOTAL FUNDS CARRIED FORWARD 1.014,087 TANGIBLE FIXED A&SETS Imtfft)vemeT Fixtures Freehold Plant aftd machinery fitttngs Totsls COST At l May 2023 Additions DispM)sals I,).() 11.933 3.934 24.000 (2,240) 350 1.016,217 24.(MJO (2,240) At 30 April 2024 i.(x)o,(K*) 11,933 25.694 350 1.037.977 DEPRECIATION Charge for year lJ26 435 88 1.849 NET BOOK VALUE AI 30 April 2024 10.607 25259 262 1.036,128 At 30 April 2023 I.000,ocK) 11.933 3.934 350 1.016217 The Charity acquired the freehold on 13th June 2023. FIXED A&SET INVESTMENTS sh5 in 8roup undetYakin8$ MARKET VALUE At l May 2023 and 30 Awil 2024 20 NET BOOK VALUE AI 30 April 2024 20 At 30 April 2023 20 Th¢re were oo Inves 8&8ets Ilde the UL continued...
Harrngate RUFC Limlted Notes to the FiTraneial Statellts- coDtinlled for the Year Ellded 30 April 2024 30.4.24 30.4.23 Kit s¢ock 5.608 8,019 DEBTOILS: Amouyfs FALLINC DUE WITlllN ONE YEAR 30.4.24 30.4.23 Trade debtors Other debtors VAT 1,165 8.817 6.593 16.575 CREDITORS.. AMOUNTS FALLtNG DUE WITHIN ONE YEAR 30.4.24 30.4.23 Trade Creditors Other ¢reditors VAT Accrued expenses 18.134 20.888 21,819 742 11,263 33,257 43.449 I CREDITORS: AMOU]YfS FALLINC DUE AER MORE THAN ONE YEAR 30.4.24 30.4.23 Hire pw¢ha3e (se¢ note I l) 20.1 LEASING AGREEMENTS Minimum lease pllymts under hire purchase fall due 45 follows: 30.4.24 30.4.23 Net obligations repayable.. more than fiv¢ year5 20.100 12. OVEMENT IN FUNDS movement in fijnds At 30.4.24 At1.523 ur¢S1r1¢d fMll4ts General fund 1,014,087 6.124 ,020.211 TOTAL FUNDS 1.014.087 6,124 1,020211 Page 10 continued...
Ham¥g8te RUFC Limited Notes to tbe Fin#tteil stat¢ents- eitynthued for the yr Etsded 3(1 April 2024 li MOVEMENT IN FUIYDS- ¢ontinuJ Net movement ill fimds, included in the aiK)ve are as follows". Resources expended Movement in fitnds Unyutrieted f¥nds General fijnd 146.612 (140,488) 6,124 TOTAL FUNDS 146.612 (140.488) 6.124 Comp#r4tives for movemept In funds Net ovemeni in funds At 30.4.23 Ai 1.5.22 Unre$trle1 funds General fund 1.456 .012,631 1,014,087 TOTAL FUNDS 1.456 1.012.631 1.014,087 Comparntiye net movemeni in fvnd4 Iluded ift the above are as follows: Gains and losses Movement in funds Unr¢Jtrlcted funds General fund 134,774 (122.143) 1.000.000 1,012,631 TOTAL FUNDS 134.774 (122.143) i.000.Ix ,012,631 A CUTrent year 12 months and priorye4r12 months combined sItIon is &$ follows: Net movement in fun& At 30.4.24 At 1.5.22 Unre$trl¢l¢d (undy fj¢T)eTal fimd .456 1.018,755 1,020211 TOTAL FUNDS 1.456 1.018.755 1.020211 Pagell nlinucd...
H#rTogats RUFC Limited Notes to the Fioaneial StstemtDts- eoBtiBued for Ibt Year Emded 30 April 21124 li MOVEMEKf IN FUNDS- eontinued A CUTrent year 12 montbs and pri year 12 months combined net movement in funds. included in the above Rre as follows: Incomillg Resources Gains atml Movement in fi]nds Unrestricted tsuds GeTwal fund 281J86 (262.631) I,o(M),o(Mi 1.018,755 TOTAL FUNDS 281,386 (262.631) i.000.o 1,018,755 13. RELATED PARTY DISCLOSURES There w¢r¢ no related party tratl0S for the year ettded 30 April 2024. Page 12