REGISTERED COMPANY NUMBER: 07777636 (Englond and Wolei) REGISTERED CHARITY NIIMBER.. 1198777 TRUSIEES AND FINANCIAL STATEAIEMIS FOR THE YEAR ENDED 31ST MAY 2024 BRIDGNORTH RUGBY CIUB LIMtTED A COMPANY LIMITED BY GUARANTE Stanton Ralph & Co Lirnited Ctr%YFered Accountonts Ih8 Old Police Station whilrn Street idgnorth 5hropshYe WV16 4QP
BRID RTH RUGBY CL a UMITED eON7ENtS OF THE FINANCIAL STAIEMENIS THE YEAR ENDED TMAY2 Pag• lepcrfl ol Ihe TnJ5tee$ I to 5 Independent Examlner's Reporl Slot&ment ol Flnonclol Ac15vltles Sltslèmènl of Flntsnclol Pojllon Not•$ lo lh• Nnanclul Slat•m• 10 to 16 Delaled Statement of Hnanclal Ac¥vlll&s 17 10 18
TH RUGB OF THE YEAR ENDED FOR T 24 Th? tru5toes who ore a150 d¥eclcKs ol the charity lor the purpos8s of th& Companles Act 2006. pr&sent Iheir report Ih Ihe financial sfatement5 01 the chority lor the year ended 31st Moy 2024. Thè fvu5tees have adopled the prov105 ol Accounling and Reporllng by Churllles.. Slolement of Recommended Proclice oppllcoble to chorllles prpporing Ihelr occount5 in accordance wlh the Finonclal Reporting Standard opplleable In the UK ond Republc ol Irekind IFRS 1tr21 lellective l Januory 191. OBJECTIVES AND ACTIVITIES Obleclve5 und Aclvlllej The objectives ol the Chority are lo yomole community pormclpothon in healthy recreation by k¥ovKling loclllle5 for plowng rugby uThon loolbdl and olher acllmties lo generolly encourag8 ond fa¢lito*e the piaying ol wgby union loolbal and lo promote any charlloblo wtpose loi the banefll ol Ihe public as from Ilme to time be deleTmined by the Tw5tees in their sok dscreliorh. The moin activltles ol the Charity 1Cde the aying and coachlr)g ol rugby uniotk football from ond junior age 4 yeors old ond upwords thcough to 58nior M8ns and Women's rugby where Bridgn(xlh RY CILi) competes in the Regonol Leogue structe organlsed and run by the Rugby Football Union ol which the Charity is an oflillaled m¢mbet. In addilion lo oui Local Sponsors bvho provkle lundlng lot our Rugby Activit$ throughout the Club and lo whom we are very gratetul OUT Fund Ralsing acllvilles CIlth the organising and wnnkng ol o number of Successful ev8nt5 includ(ng participaln the Bridgnorth Wdk. Brfdgnorth Steps Chalenge. Annl1 Fli6works Show wilh ovet 2,5(X) attende and regukjr -matCh Fundraising Lunches. The Chorfty olso hosts o wmber of music le51ivats and o Iwtboll festival w88k8rKI wh8re up to l.ow youngsters compete difleienl age groups across Iho two days. Th& Charity algo locllltotes thè aclivili8s of-cruciol Crevl, In a w88k loru tiairmng progiamm8 of critical life skills lor cwound 9(K) year 6 l¢xol children. The Trustep.s woukl Ikp. lo acknoWge Ihe commllment shown by all the volunteers on whh the Chadty depends lor ils exstence and their support cannot be commended hlghly enough. Poge I
FO k ENDED TMAY2 OBJECTIVES AND ACTivrriES Achlevemenls and Performance The rugby playlng perfOrceS al the (Wlferinu leveLs c(m be ch(xoclerised by Ihe Mens senlors team playlrKJ in Ihe Regional l Midkjnds League where the team finished mid table this seoson. The Womens team conlinued their growth and nIshed 2nd in the Womens NC l Midlonds leogue ond welcomed 7 new playe[5 to the team. The Mini and Junior 5ecHon lor boys and girls wNch now has 3CO members is coached by a comtxnamon ol formèr and cuirgnt player5 ond porliculor Ihonks go lo Grrjnt Simp50n for his WO vthh both Ih8 girlg und boyi teoms ol vurioug age groups. ID of our youThJslers have achieved Academy status al various Engbnd, MidkJnd5 Wesl kvels and ot GIouLesler Rugby Club and we hod 2 of tsur bo Seeted ol under I I level (md under IB ve1 lor Noilh Midlonds Ih 2 of oui girls repres8ntlng Norlli Mldlands al under 16 level and 2 gi115 invited lo Ihe Pbyer Devek)pmgnl Gr(AJp for the Midlonds ol U18 bvel. F¢yJr ol our lormeT Colts leam mode thelr Fffsl XV debuts this geason, Iwo former colls pbjyed lor the Devebpment Teom this s?a50n ar 7 colt5 played senior rugby lowords the seoson's $nd. This Is the second Ye Ihot BridgTKJrlh Rugby Cb ha5 p(wlicT)oked in Ihe 5t(ff Scheme whSch is lor chiklren who hove or havE A(fvErse Childhood Expefj&nces IACEI in which we lye seeing huge voluè wlth new pwig Iiom different bockgrouncts Increosuig our rwmber5 Qnd improving tha diversity omongst our younger r comrnunfty. The completion ol our New Clubhouge was undoubledW the hhlIght ol Ihe year with the nal celli1018 by Buikjing Control being Mved on Ihe 141h June 2024 and our thanks go lo the ContfaLlu BFG GrovndwLYks Ltd and our own Prc¥ocl MaFKJoerSleve Farell fot btinsing the WoJks lo completion. Ihere (re stlll Some Comption fit cyJt works ContulG os trhe bull ding cornes into full use but the buildng Ivlty operalionol and we are very orolelul lo Vlnce Jone5, lan George. lan HThi and St8ve JO$ and Ihe rwny olher volunteers ond employees (ve continuing to Use their Ski in rDmplpting the fit out A nijmber ol locd COmjnI orgonlsallons have been encouraged lo share the Chailty's lacllllle5 Incfvdlng Bridgnorlh Canoe Club. 8ridgnorth Rovfflg Club, Bridgnorth Lions, Brldgnorlh sptan$ FC. Bridgnorth Young Farrne. Faye's Bool Comp, Uso's Fitness Training. Kids Cumps in sch(x)I holSLJys, Cruclal Crew. Duke ol Edinburgh Awards Camplng, PIdgn1h Troders hAarkets, Shropshire Fire ond Rescue Training. Police and k>coI Community Dog Training, Air Ambulance as well os a number ol bral sporting clubs. empk)yers and vlher orgor4501ions le Run to Severn Scooler and ShropsNre Cla55tc Cor Ralies who have hosted Iheli everbts at the Edwr Dae$ Ground. HNANCIAL REVIEW Hnanclol poswon Our pOtiOn ol the Year End Totol Chority Funds now stand at £881.56412022J23 £579.0211 thlh o nel income for the yeor of £302563 12022123 £173.1971 includi[ £78,897 12m123 £113.2611 ol funds rolsed lor the New Clubhouse through the VOTN)U5 lund rai5ino iniliathve5. Ihe principol reus$ lor the reduclbn In annual income Irom the prevlous yeor In "other trodlng acllvllies. lo 926,88612022123 £91.9LK)I was the impoct ol Ihe ong(ing Conslrucllon Wtxks whh inwaired our OPPOTlunitie5 to raise Sponyy5hip and host fund rai%ng Events in Ihe Marquee olthouy) this wos parlly ollsel by an increose in lood sale5 Ilwough the kJnche5 prepared for moteh dcrys ond olher so$ where eoch ol these were overshudowed by Ihe surpkjs gen8rated from Ihe dsposal ol ossets Frflnclpally the Old Clubhouse ol £J81.567 12022123 £-1 th the New Clubhouse kyrgely complete the costs ol thts project fo dote and Included In th& occounts 15 £2.431,408. Howev8r, th&re ar8 further costs to be added to this copltd cost as the fit oul and exlemal WO ore corhlinulng Snlo 202A. Page 2
RTNR ubu TOF END1 FOR THE Y AY FINANCIAL REVIEW Rtrserves pollcy Our reserves ore represented by Ihe Fund Balances in fhe StotenEnt ol FIrClo1 Poslllon Strn as Unrestrfcled rnds £689,426. Regtricted Fundg. £192,158. Ito be used lor the lunding ol the New Clubhouse) where the level of ourreserves is deterrined by balanclng two"ot4ecltves I I twinlalning sulnci&nl reserves to ernal@ us lo contirKJ8 our operolions when foced wth dilficull ftr¥2ncial circum%fonces ond 21 making sure we our resources in raIng Ihe nece5$0ry fund5 f( the pknwng ol rugby union 10016011 and prOVng for our oth81 charl10b purposes wlhin the communlty. The Truskes c¢J)sidor that the current levÈl of r@serV which is thon 51x m)nths ol operoling costs wll meet these obleCVe5. The principal faced by Ihe Chorily ore 11 r8payrnent of tho k)ans taken oul to buikl and Ilt out the New Clubhouse where these loans be repaid from the Im0V8d gurphJs&s g&ngraled from the fftcreased cupacity lo host functions other events In the new lacilities. 21 Mood risk From the odjacenl 5evern River has been Significant reduced by the plev(Jfèd construcffon ol the New Clubhouse and Ihe cleowp clxts remalning are thelOre minimised ond largew mel by volunleer worklorce 31 For Ihe gmall number ol slofi employed the ponston ond employment Costs ar8 m&1 Irom within the SLJfpiuses Q8nerated by th& C.horlty 41 Other ii5ks faced includlng the playing of rugby ond the operath.on ol the Chariligs Assets ale covered W1frh the R15k Regter mainlcned. miligoted ond managed by Ihe Monagemertrt Committee or covered by the iu[anCe pollc185 0ded by the RFU ond Ihe Chorlty. Gokng contem The Trustees ar8 confiderhl thal wllh the new Clubhouse now open Ihe conllnued sUPPOrt ol Ihe Marwem&nl Teijm. volunteers and sloll mernbBts who have brought the Charlty It5 conknnuing suCcee$ future income opporlunlties remaSn strong and there is cuffenlly no uncertainty Ihe Ch(5ritywill continue as a o golng concern. Loan5 and Fundlng oflh• N•w avbhouse Ihe blding ol Ihe New Clubhovse throughout Ihe year wos fvndEcI by Ihe generovs Pro$[n of loans ol £I,5,(xXJ ot zp.ra 0% anNal interest late and 15.[ al 6% annutsl intertr rale from one ol the Rvgby Club Vice Presidents (VPI lo whom we owe our thanks for provicting these lunds on surh generou5 Ferms. The cost ol construction has been furth offset by the sale of the ex151ing Clubhtmjse ol £285,CKK) which took place in October 2023. Further fund roisirLg irtfK3Hves Incknde Lollery Fundlng. ts Patrons ond Doncfs Pro@iamme, Charity dinne, lunches and SpOrli evenls. Ciowd Funcfing iniliotives. o Buy o Brirk compa togetherwith sporting and other donotions os well as Ihg $l1v5eS fwom oui norr1 trading oclivilies ond our than go lo oll of tho individuols orrfl onlilies who have domted so generou&y to Ihe Charity to enablo the ClubhrJJse lo b8 lIt. With the Clubhowo open lor buslness In ttl2024 BriC5gn1m Rugby Club has a [ge dlary of b0oknn for 8vent5 such os Weddlngs, Bklhdays. Annual and other Fwctions from around the Comrwnily vthich ore ossisting in provlding o wrplus for this ar future ye(xs and in the pefiod since op8ning lor buneSS the Cljb ha5 corr¥n¢nced repoyment of Its outslondlng Io(Jn5. Any ov151anding balance due on the loan5 will be repaid from Choffily lund5 ond the suipluseg gene¥oted from lh8 Charily's activitles over the ogreod r8paynnt perlods. Pag8 3
BRID LIMITED THE YEAR DED AY 24 STRiICTURE. GOVERNANCE AND MANAGEMENr Governlng docum•nt Ihe Charily is goverred by Ihe Mlctes of A550ciation ol BfMYgnDrth Rugby Club Limited us adopted by Specknl ReJHon doled 19th August 2021 govemed by Ihe Compon1è5 Act 2CX)6 and Li a Company Iwnileil by guotonfee. Re¢iulhn•nl orKJ oppokntmer of n•w Iwst••s Tlustees are plpctpd or r8lected annuolW ol Iho Annual Gerbeial Meetg wfwch was held for this Ye ended 31 st Moy 224 on 25th Juty 2024. Sally Th6mans relirgd as a Truslee IFk the AGM ond we are very grolefvl to SO1 for her se[Ca over the knsl 51X Years. Jonolhan Rllson wa5 C04)plèd ond then elected a Iiuslee al Ihe AGM. The Chcyily is govern8d by the Afkles ol Associolitsrn ol BridgThorth Rugby Club Limited os odopted by Spec1 Resoijlion dat8d 191h August 2021 goyemed by the Companies Act 20C16 and a Company limiled by gUOnIe&. REFERENCE AND ADMINISTRAIIVE DHAILS Rtglsl•Ted Compony wwjmbei 07777636 [Eng1 and Wolesl Reglstwed Charlty Nmber 1198777 Reglslered oltlee Brfdgnorlh Rugby Club Edgu Day$ Gr0d 0118andon L(8 Bridgnoilh Shrop5hie WV15 SAD TNslè•s Lord G G Hotnillon S J Rulherlord Mg S V Themans (resigned 25.7.241 S C Roper J R Groham J D Rllson Compuny S•cr•tary J D Rltson Independent Exarnlner stlOn Rabh & Co Limiled Chorlored *Lcounlants Vhe Old Pofice Station Whitburn Slreet Bfidgnorlh Shropshie WVIO 4QP Pag8 4
THRU LLMIT FTHE ENDED THE AY This report has been epared in uccordance wlh Ihe speclal prowsh)ns of PC 15 or the Compan% Act relotlng to small componles. roved by order ol the board ol IrLJ>lèès on 25th Novembei 2024 and signed on ils b6hall by.. 4(• J R Grohom-Twsleo Page 5
NDEPENDE REP RTfoThE BY CLUB IIMITED Ind•pendent examlnti's rep1 lo lh• frusfee5 01 Brldgnorlh Rugby Club (yhe Compuny.) reporl lo the charity trustees on my eX(wn1rfi0n of the accounts of the Company lor the year ended 31 st May 2024. Reiponslblltl•s and ba5b of report s the chorivg Iruslees ol tt)e Compony land atso ils direclors lor the purposes ol company lawl you are reSt)onSib for the preparallon ol Ihe c1ccolS in occordonce wth Ihe requirements of the Corryanies Act, 2(X16 rihe 2(X)6 Acl'l. HavirE solklled myself thot Ihe accounts ol the Company are not requlred lo be oudited Under Parl 16 01 the 2006 Act ond ore eligible for Indepenclent exominatrion. I report Iri Tespecl ol my examinathon of your charity's accounls as carried out under Secllon 145 of the Charilteg Act I I'lhe 7 l Acl'l. In carrwng out my examlnalion I have lollc)w8d th8 tjrections given by the Chawrly comry15On undew Secknn 145151 Ibl ol the 2011 Aci. Independent exaMIn'S slolemènl Since your chorily's gross income exceeded £?X).(K)D your èxaminer rwst be a member of a listed body. I can confvm that l am quolilied lo undertake the exominolion because l um o membtrr ot the Inslilule ol Churtered Accounton19 In Enolond and Wil18s. which Is one ol the listed bodies. I have coMpted my exominotion. I ctsnllrm that no mallers )Ve come lo my alt&ntiorb in connecllon wllh the exarrinalion gmng rn8 couse lo believe.. accounliT)g rocordg were Thot kepl in respect of th8 Compony 0$ requlred by Section 386 01 the 2W6 kt.- the accounts do not accord wilh the cOrdS-, or the occounls do not comply wlh the accounting roqulrement5 01 Section 396 01 the 20D6 Act other than ony requiremenl that thè OCeOLJnts gve a true and lay view which is not a rmtter consldered 0$ wrt of Independenl exominotlon- or the occounts have not been prepared In occordance wlh the methods ond plnciples ol the Slaletytnl of Rècommended PrLKllce for accounting and reporting by charitie5 1applc0b to chaiilie5 wepurlng their QCLounls in occordancg with Ihe financial Reporting st(dard applicatAe in the UK and RepublSc ol Ireklnd IFRS 10211. I hove no concems ond hove come ocioss no other MterS in connection wth the exarrinatlon lo which allenlion 5houEd be drawn in th report in ord81 to enote a proper understandg of the accounts to be reoched. Duren Foot FCA stanlon Ralph & Co knnated Chortored Accountants The Cxcl Police Stafion Whitburn Street Bd01th Shopshire WV16 4QP 25th November 2024 Page 6
NORTH ¥CLUBL NCIAL AND EXPE EhlDED INC AYING AN IN OR THEY ITURE A Y 2024 UN 31.5.24 Total funds 31.5.23 Total ftjnds uThrestrted luncj ReriC1ed lund Noles INCOME AND ENDOWMENTS FROM DoNilions legttciès 19,380 78.897 98,277 IT2,68 Challable actlvlles 8dgn0rth Rugby Club 48.595 48.595 41.727 other tradlng activllles Olhw Income 36,886 181,567 36,886 181.567 91.gCX) Tolol 286,428 78.897 365.325 256.313 EXPENDtruRE ON chorIb ucllvlMe5 Sridgnorth Rugby Club 62,762 62,762 &3.116 NET INCOME 223,666 78,897 2.563 173.197 RECONCILIATION OF FUNDS Total lunds brought fotword 465.760 113.261 579,W21 405.824 TOTAL FUNDS CARRIED FORWARD 689,426 192.158 881,564 579,021 The notes form part ol these Ianc]I stalem&nts Poge 7
BRIDGNORT CLUB MITED ALP 1ST 31.5.24 Totul funds 31.5.23 Total funds Unreslricted fund Restricted fund Notes FIXED ASSEIS Tangible assets Inyeslmenls I5.313 192.158 2,597.471 949,718 2.405,314 192,158 2.597,472 949,719 CVRRENT ASSEIS Debtor5 Cash al bonk .690 41.457 6.690 41.457 159,165 20,045 248.147 248.147 179,210 CREDITORS kn)ounls rolling due wthin one yeor 1474.0351 1474.0351 19,91Wl NET CURRENT ASSETS 1225.8881 1225,8881 169,302 TOTAL ASSEIS LESS CURRENT UAblUTIES Iin.426 192.158 1371.584 1.119,021 CREDITOR5 Amounts falling due aller more than one 10 11.490.000) 11,490.(XX)I 1540,OWI NET ASSErs 689.426 192.158 881.584 579,021 FUNDS Unrestricled funds Reslricted lunds 689,426 192,158 465.760 113.261 TOTAL FUNDS 881,$84 579.021 The charilable compony is enliNod lo exempM¢rn trom audll under Section 477 01 the Cornparies Act 2(KJ6 lor the y8arended 31st May 2024. The members have nol iequir8d Ihe company to obluin ovdl ol its tinoncial slalemenls fo¥ the year end8d 3151 May 2024 in occorch]nc8 Vrfith Seclion 476 01 the Companles Act 2(K)6. The truslees ocknowbdge theirTe5pon5ibilil¥es lor ensuring that Ihe charitable company keeps occwnling records that comply wh Secllon5 386 and 387 01 the Componies Act 2006 and prepng financial slalem&nts whh L4ve c Irue ond Ir view of the 5t(Jte of affairs ol the char[tae cornpnny as at the end of eoth linoncial year and ol if5 SuUS or delicit for each 14)ancial year accordance wllh the reqUireNnIS of Section$ 394 and 395 and which oMerwi%e conJ)W with the requwemenls ol the Companles Act 21K16 relotiwj to linonciol 5toternent5, $0 for os applicoble lo the chorftoNe company. not8s form pail ol these financial slotemenls Poge 8
XTHR CLUB L IAY2 These finonaal slatemenl& hove b88n prepared accc(donce wilh the proSK)n5 applicable to ch(yrtrable companies svbjecl lo the small componies rerne. Thè financial statements weie approved by Ihe Board of Tru51ees and aulhorised fcf issue on 25th November 2024 ond were signed on ils b&holf by.. J R Graham- Tnjstee The notes form part ol these financial glotÈments Page 9
BY CLUB UMITED THE FINANCIAL STATEMENTS E YEAR ENDED T MAY 2024 ACCOUNTING POUCIES Ba$ls ol piepailThg Ihe Ilnanclal $latements Brldgnorth Rvgby Foottx]11 Club Llmlled is o Charitab company limited by 0[antee iegi5tered in England. In the evenl ol the churity being wound up. the fjobilly in respect ol Ihe guoranlee 15 limited lo £1 per mernber ol the charily. The (Kklre55 of the r&stered olllce Is glven In the charity Inlormolion on page 3 of these fimneltsl stotemenlg. The chcTity eonstltutei a public benelll enllty 0$ delined by FRS I(YL The financlal stotements have been prepared ir) acc(Kdance with Accounting Dnd Rert1Th9 by Charilie5.' Staterrent ol Recommènd8d Practice appCOb to charities prtspng fheir accoun15 in acccxdance wifh Ihe financ1 Reporting Slondard apPIcab in the UK ond Rewbllc ol Irdand issued in October 2019. the Financiol RepOrtg standard owicabte in Ihe Unit&d Kingdom llr)d RepLJblc ol IreIar IFRS 1021. the Chcyitles Act 2011, th8 Componies Act 2tX)6 ond UK Generalty Accepted Accounting Pracllce. Ihe linoncial slalemenls ore ptepared on a golng concefn ba&s under the histtsiicol CO conventiork. modilled lo iriclude cerl(71n itrems t5t falr value. The Ilnanciol slalemenls are presented in sterfing which 15 the lunctionol currency of the chority ar rounded lo the nearest £. The Si111c0nt occounthng polcies opplied in the tyepaialion ol these linoncial sluteEntS are set oul belDW. Thttle pollcies have been Co1$entlY appled lo all years present8d unlesg otheASe stated. Preparolton ol con5011doted [JnCEI slalemenls Ihe finoncial slatements contaln inlom)olion abovl ld9r)0rlh Rugby Club Limited os (m dIVIdUal compony arhd do nol contain consondoled financial inlormolion as Ihg parent ol a gr(xJp. The CrI1¥ exerbpt undèr Secthon 39912AI Ol the Companlcs Act 2006 Ircffl Ihe iequirernenls to piepare COr011d0ted financial stolements. Income l incoming resources are inclJd8d In Ihè Stotem&nl ol Financ1 ktivithes ISOFAI wheTr the charity Is legal enlilled lo Ihp income ofter ony performonce conditions have been mel. the omournl can be meosured reliably and il is tyoboble that the incorwE Vrfill be received. For donolions lo be recogntsed Ihc charity will have been nomlied ol Ihe amounls ond the settlement dale In WlIng.11 Iheie ole Londilions atlached lo the donallon and Ihis requires a level of performance b?lore entitlement can be oblalned Ihpn Inc.om8 is deferr&d unthl those conditions are ful or Ihg luulkngnl ol Ihoso con(filions is Ihe contrd of the charity and il is proixjble Ihat they wll be fulfild. Donaled lacifilies arKI donoled prolgs%or)ol servkgs ar8 r8cognE8d in income ot Ihew fok volue when their econonlc benellt15 Ptobable.11 con be m&asvred reliabw and the charfty hai conlrol over the item. Fair volue is deterTT¥n8d on Ihe bo$15 of the valve of the gilt to chority. For exomplc. th& cxnount th charitywoukl be %lIng to pay in the open matkel lor such laclilies CFnd services. A corresponding amount reeognlsed in expenditure. No amount15 InCded in the ffnonclol stotement5 for vtslunlèèr Mme In Itne th the SORP. Incom8 trom tiading octlvities includes coMe eoTned Irom lurKliai even15 Iroding oclivilles to ro15e funds for the chorfty. Income is recewed In eyctrunge foi Supplng tpod5 ond 5eNces in order lo raise ld$ and is rÈ¢ognised when entilkmenl hos oecurr8d. Expendllure eyndllure is occovnted for on th occnjals b15 and has been cknsffied urKler headings that aggregale 011 cosls reloted to Ihe coteoory. Expencllure 15 rgcogrysed where there is a gOI or construchve oblwtion lo moke pctym&nts to third pcxties. il Is protb Ihal the 58tt18ment will be iequred and the amovnt ol the obligalion can be measured relab I[cOVerab VAT is charg8d an expense against the oclivily lorwhich expendilwe cjrose. P(Jg8 10
DGNO BLIM THE FIN R IHE YEAR END ST MAY ACCOUNTING POLICIES - conmnued Svpporl ¢osls SLJpport costs are those Ihal asst thè wcxk of the chartly bul do not dlrecmy raeSent choriloble octlvllies ond includè olficè cosls, govemonce cosls. administiative payroll costs. They are incurred dw8Ctty in suppowt ol trxptsndilLKe on the objects ol the charity and include project management corrl8d out at Headquarters. Where support costs cannol be drectrly ottributed lo wrtlculor headin they have been alk)cated to cost ol raIng funds and expenditure on charitatAÈ activiliès on a b[1$ conStent wlth use ol th8 resources. Tanglble Ilxèd ossets Tangibl& fixed agsets are stated at cost lor d8emed cosll OT vahJallorb less accumuloled deprectation ond uccumuloled ImpoirmÈnt1055e5. Cosl includes costs dlrectly attributable to moking Iho asset copoble OF operating tss intended. Depieciolion is provided on al tangible fixed assets. ot rates ColeOted to vfflte off the cosl. le55 e5Hmaled le5U01 volue. of each ass8t on a syslerwllc bosis over Its èxpecled vsolul lile once the ossel Is blo1 Into use. a5 follows.. Freehold properly- 1% stroight line Properly improvements- l(YA stroltsht Ilno Equlpment- 20% strolght Ine Taxallon The charity is an ex8mpt charity within Ihe mèoning ol schedule 3 01 the Charities Acl 2011 and is cOndered to pcfEs the tests set out In Pafograph I Scheduk 6 nance Act 2010 and Iherelore It meet5 the dellnilion ol a charitable company Icrf LIK corporotlon tox purposes. Fund accovnmng Unresmcted ldS ore ovdloble for use ol the dlserelion of the IAJsteeg In furth8iance ol thg general otiecllves ol Ihe Ch(tY and which hiwe not been de%gnaled lor olher purp0g8L Resjricted lunds ore lunds which are lo be used in accoidance wllh spocilic restrictions imtyxed by donors or which have been raised by Ihe rhcjrity poillcuknr purpose5. The cost ol raisiTrJ and adminlstering such fvnds ale choiged agc*nst the specllic fund. Ihe OSM ond use of eoch reslrtcled lund Is sel oul in Ihe notes lo tho financial statements. Gotn9 concer Ilnonclal 5tatement5 have been prepared on a going concoin basis as Ihe truslees behev8 thal no material uncertaintios exist. Ihe trustees have cOnde[ed Ihe level ol funds held arKI tho oxpgcted Ve1 or Income and expencfilure for 12 monlhs from au11K)sIng the58 linanclal stat&mer)Is. The budgeled coMe and expenditure is sufllcient wth the level ol reserve5 for the chority to be oble lo contitwe a5 a g)ing concem.
BLI si THE FINANCIAL STATEAIENTS - contlnved R THE YEAR ENDED TMAY OTHER TRADING ACTIVITIES 31.5.24 315.23 Fundroi51ng events Food sales Sponsorships 11,447 19.188 6,251 67.099 8.857 15.944 36,886 91.90CI NET INCOME/IEXPENDifuRE) Net Incomellexpendilurel is staled olter ch(¥glngllcredltingl-. 31324 31.5.23 Depreclalion- owned assets Surplug on dilposol ol flxed 05s9ts 6.391 1181.5671 8210 TrUSTEES' REklUNERATION AND BENERTS Therè were no Iruslees. remuneration or olher benefits lor Ihe year ended 31st Moy 2024 nor for the year end8d 31st Mtsy 2023. Iruslees, expenses There were no Iru5tees' expenses paid for lh8 year ended 31st May 2024 nor For Ihe y80r ended 3151 May 2023. COMPARATIVES FOR THE STATEMENf OF FINANCIAL ACTIVITIES Unrestricted fund Reslricted fund Told funds INCOME AND ENDOwms PROM DDnatlons ond legacieg 9.425 113,261 Ig2,686 Ch(thible actlviir Piidgnorth Rugby Club 41,727 41.727 othertriJ(Sng octlvitles 91.90 91.KY) Tot(¥l 143.052 113,261 256.313 EXPENDITVRE ON Chorllable acllvllles idgnorth Rvgby Club 83.116 83.116 NET INCOME 59.936 113,261 173.197 RECONCILIATION OF FUNDS Totol funds broughl f(Thd 405.824 405,824 Pogo 12
IDGN TO THE FINANCI FOR THE YEAR DED COIAPARAllVES FOR THE STATEM OF FINANCIAL ACTIVITIES . conffinved Unrestricted fund Restilcled fvnd Total furhds TOTAL FUhDS CARRIED FORWARD 465,760 113,261 579.D21 TANGIDLE FIXED ASSETS Freeho property Leosehokl inyovements Equipment Totals COST Al Isl June 2023 Additions D15posals 937.248 1.751.412 197.2681 68.906 10,968 I,D17,122 1.751,412 197,2681 At 315t May 2024 2,591.392 08,906 10.968 2.671.266 OEPRECIATION Al I st June 2023 Charg& for year 15.7?8 737 42.593 5.263 9.013 391 67.404 6,391 Al 31st Moy r24 16, 47.856 9,404 73.79S NET IOOK VALUE At 3151 Y 2024 2,574,857 21,050 1,564 2,597.471 Al 3151 ML7y 2023 921.450 26.313 1,955 949,718 FIXED ASSE[ INVESTMENTS Shores In group unclorlaking COST LESS IMPAIRMENT At I st Jun8 2023 and 31 st Moy 2024 NET JOOK VALVE Al 31st May 2024 At 31st May 23 There were no inv&stm8nt agsels outside th8 UK. The compar)y's investments al the Ixjkjnc? sheet date in the share cwilal ol componies includ8 the lollowtng- Page 13
NOIES T THE INAN IAL STATEMEMI R THE YEAR ENDED TMAY FIXED ASSET INVESIMENIS- contlnued Brtdgnorlh Rugby Club lTradkng) Ilmrted Regtslered ollke.. Br7dgnth Rugby Club, Edgar Dawes Ground.011 Bandon Lane. 8ridonorth. WV15 SAD Nature of txJsin8gs- Public house ond profe$5ionol rugby Closs ol shure.. Ordinaty holdlng 31 J.24 31.5.23 Aggregate copital and re5erv85 Loss lor the year 125.3991 132.51 ?) 7.112 17.6691 DEBTORS.. AMOUNTS FALLWG DUE WItHIN ONE YEAR 31.5.24 31.5.23 Amounts owed by group und8rtokingi other debtors VAI Prepayments 56,641 1,540 146.461 2,048 65.318 91.760 2.087 200.690 159.165 CREDITORS.. AMOUNTS FALLING DVE WITHIN ONE YEAR 31.5.24 31.5.23 other bans Isee note 111 Trode credilors Accrued expenses 375.WD 32.778 66.257 3.8 6.IOD 474.035 10. CREDITORS: AMOUNTS FALUNG DUE AFTER MORE THAN ONE YEAR 31.5.24 31.5.23 Olher loons15ee note 111 1.490.(KKI 540.(XK) LOANS An anatysis ol the rntvrfly ol loons i% given bek)w'. 31.5.23 Amounts Idling dve within one yeai on dernond.. other bans 375,C(x) Amounls falling due beheen IWD and live yecrs.. Other loans- 2-5 yeors 135,IXX) 135.IKK) hmounts falling due in more Ihon lfve yeaTr'. Repoyuble by inslalmenls- other loons more 5yr5 iristol T,355,0 Pog8 14
11. LOANS- conllnued Other loans rek)le lo o laclllty provlded by a member ol the CILtb lo provlde an uNecLJred In ol £1.5million to be used 501ely lor Ihe rpoSe of the construction of the new clubhouse Th8 loan Is to be repcid by instaknentg OV8r 20 y8ar5, repayrnents slarting on the s8cond anniversory lolDwno the new clubhouge being brought into use. Th8 loan IÉ provided int8rest-free. A membei olso Provided an Ix**lional loan 01 £375.(m subject to intete5F a15% ond to be iepuid 05 $0¢)n os possible. As al Ihe boknnc& cknle £l.865m120?3- £540,(tKIl of thèse loans was sllll oulslorhdlng- 12. MOVEMENT IN PUNDS Net moVent in funds At 315.24 At 1.6.23 Unrèsfrlcled lunth Gern8¥al fund 46S.7£0 23.66 689.426 R•sMct•d lunds Regtricted funds 113.261 76,897 192,158 TOTAL FUNDS 579.021 302.563 861.584 Net movernenl in funds. included in the ubove ore as folk)ws'. Incorring resouices Resowces expended Movernent lurwjs Unresfrlcted fundi General fuTh 286.428 162,7621 223,666 Rejfvkled lunds R&stricled lund5 78.897 78.897 TOTAL FUNDS 365,325 162,7621 302,563 Pogg15
R THE YEAR DED 12. MOVEMENT IN FUNDS . conMnued C+)mparutlv•s Icrf moYem?nl In funds Net movement In lund5 At 31.5.23 At 1.6.22 Unrestrlcled fvnds General fund 405,624 59,936 465.760 R•sfrlct•d lunds Restricted funds 113.261 113.261 TOTAL FUNDS 405.824 173,197 579.021 Comparollve net mvemenl in funds. included in Ihe above (Ye u5 lolh)w5'. Incorring resources Re50urce% expended Movement in funds UNesMcled lunth General fund 143.052 183.1161 59,936 Re51wkted Ivnds Restricted fund5 113.261 113.261 TOTAL FUNDS 256.313 183,1161 173,197 R851ricted funds OF £192.15812022.. £113.2611 ielal8 to accumulal8d donation5 rnude by MberS lor the SP8cilic pbq)ose ol the conslruclion of the new clubhouse. 13. RELATED PARTY DISCLOSURES The charllable company has taken ojvanlage ol exempllon. under the terms of Hnanclcfl ReporNng Slondovd 102 Yhe Thnonclol Repclg Slundord oppICab kn the UK ond Republic ol Irebnd,. not lo disclose related rx•ty Iron50cllons wllh wholly owned Submy1eS wlhln Ihe group. Ihere were no other relaled party transoclions lor Ihe year ended 31 Moy 2024. Page 16