REGISTERED COMPANY NUMBER: 07777636 (England and Wales) REGISTERED CHARITY NUMBER: 1198777
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2025
FOR
BRIDGNORTH RUGBY CLUB LIMITED (A COMPANY LIMITED BY GUARANTEE)
Stanton Ralph & Co Limited Chartered Accountants The Old Police Station Whitburn Street Bridgnorth Shropshire WV16 4QP
BRIDGNORTH RUGBY CLUB LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Statement of Financial Position | 7 | to | 8 |
| Notes to the Financial Statements | 9 | to | 15 |
| Detailed Statement of Financial Activities | 16 | to | 17 |
BRIDGNORTH RUGBY CLUB LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MAY 2025
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 31st May 2025. 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).
OBJECTIVES AND ACTIVITIES
Objectives and Activities
The objectives of the Charity are to promote community participation in healthy recreation by providing facilities for playing rugby union football and other activities to generally encourage and facilitate the playing of rugby union football and to promote any charitable purpose for the benefit of the public as may from time to time be determined by the Trustees in their sole discretion.
The main activities of the Charity include the playing and coaching of rugby union football from mini and junior age 4 years old and upwards through to senior Mens and Women's rugby where Bridgnorth Rugby Club competes in the Regional League and National Championship structure organised and run by the Rugby Football Union of which the Charity is an affiliated member.
In addition to our Local Sponsors who provide funding for our Rugby Activities throughout the Club and to whom we are very grateful our Fund Raising activities include the organising and running of a number of successful events including participation in the Bridgnorth Walk, Bridgnorth Steps Challenge, Annual Fireworks Show with over 2,500 attendees and regular pre-match Fundraising Lunches.
The Charity also hosts a number of music festivals and a football festival weekend where up to 1,000 youngsters compete at different age groups across the two days. The Charity also facilitates the activities of "Crucial Crew" in a week long training programme of critical life skills for around 900 year 6 local children.
The Trustees would like to acknowledge the commitment shown by all the volunteers on which the Charity depends for its existence and their support cannot be commended highly enough.
Achievements and Performance
The rugby playing performances at the differing levels can be characterised by the Mens seniors team playing in the Regional 1 Midlands League where the team again finished mid table this season. The Women's team continued their growth and finished top of the Women's NC 1 Midlands league unbeaten in all their league matches which is an outstanding achievement which has delivered a promotion to National Championship 2. The Mini and Junior section for boys and girls which now has 306 members is coached by a combination of former and current players and particular thanks go to Grant Simpson for his work with both the girls and boys teams at various age groups. 5 of our youngsters have achieved Academy status at Premiership and Championship level Clubs with 17 of our players achieving Academy status or have been selected for County and Regional honours. Nine of our former Colts team have made their debuts in Senior Rugby this year continuing a long tradition of bringing our youngsters through into playing rugby as part of their adult lives. This is the third year that Bridgnorth Rugby Club has participated in the Star Scheme which is for children who have or have had Adverse Childhood Experiences (ACE) in which we are seeing huge value with new players from different backgrounds increasing our numbers and improving the diversity amongst our younger rugby community.
The newly completed Clubhouse has now been operating for a full year with the resulting increase in turnover as more of the club members and the wider Bridgnorth and Shropshire community enjoy the benefits that this facility brings to the Town. We are very grateful to Ian George, Ian Hill and Steve Jones and the many other volunteers and employees who are continuing to use their skills in making the final adjustments required to the building in completing the various changes to the kitchen, changing room, access and support facilities as well as the external works for surfacing, fencing and the like.
A number of local community organisations have been encouraged to share the Charity's facilities including Bridgnorth Canoe Club, Bridgnorth Rowing Club, Bridgnorth Lions, Bridgnorth Spartans FC, Bridgnorth Young Farmers, Faye's Boot Camp, Janie's Pilates, Kids Camps in school holidays, Crucial Crew, Duke of Edinburgh Awards Camping, Bridgnorth Traders Markets, Shropshire Fire and Rescue Training, Police and local Community Dog Training, Air Ambulance as well as a number of local sporting clubs, employers and other organisations like Run to Severn Scooter and Shropshire Classic Car Rallies who have hosted their events at the Edgar Davies Ground.
Page 1
BRIDGNORTH RUGBY CLUB LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MAY 2025
OBJECTIVES AND ACTIVITIES
Public Benefit
The Trustees confirm that they have had due regard to the Charity Commission's guidance on public benefit in exercising their duties and in planning the charity's activities. The Trustees are satisfied that the activities of the charity, as described in this report, further its charitable purposes for the public benefit.
FINANCIAL REVIEW Financial position
Our position at the Year End
Total Charity Funds now stand at £938,732 (2023/24 £881,584) with a net income for the year of £57,148 (2023/24 £302,563) including £11,620 (2023/24 £78,897) of funds raised for the New Clubhouse through the various fund raising initiatives.
The principal reasons for the changes in annual income from the previous year in "other trading activities" to £24,136 (2023/24 £36,886) are reflected in the ongoing operations of the Charity yielding a surplus offset by the costs to modify the building, principally adjustments to the kitchen and changing rooms, with the surplus from the sale of the Old Clubhouse of £0 (2023/24 £181,567) having been concluded in the previous years accounting period.
The completed Clubhouse cost with the final moiety of retention now paid is £2,809,449 before depreciation with some further works to complete the external surfacing and other services being concluded in future years as the Clubhouse site continues its development to suit the continuing operations of the Charity.
Reserves policy
Our reserves are represented by the Fund Balances in the Statement of Financial Position shown as
Unrestricted Funds £734,954.
Restricted Funds. £203,778. (used for the funding of the New Clubhouse)
where the level of our reserves is determined by balancing two objectives
1) maintaining sufficient reserves to enable us to continue our operations when faced with difficult financial circumstances and
2) making sure we maximise our resources in raising the necessary funds for the playing of rugby union football and providing for our other charitable purposes within the community.
The Trustees consider that the current level of reserves which is more than six months of operating costs will meet these objectives.
The principal risks faced by the Charity are
1) repayment of the loans taken out to build and fit out the New Clubhouse where these loans will be repaid from the surpluses now being generated from the functions and other events in the new facilities.
2) flood risk from the adjacent Severn River has been significantly reduced by the elevated construction of the New Clubhouse and the cleanup costs remaining are therefore minimised and largely met by our volunteer workforce
3) For the small number of staff employed the pension and employment costs are met from within the surpluses generated by the Charity
4) Other risks faced including the playing of rugby and the operation of the Charities Assets are covered within the Risk Register maintained, mitigated and managed by the Management Committee or covered by the insurance policies provided by the RFU and the Charity.
Going concern
The Trustees are confident that with the new Clubhouse now open the continued support of the Management Team, volunteers and staff members who have brought the Charity its continuing successes future income opportunities remain strong and there is currently no uncertainty the Charity will continue as a going concern.
Page 2
BRIDGNORTH RUGBY CLUB LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MAY 2025
FINANCIAL REVIEW
Loans and Funding of the New Clubhouse
The building of the New Clubhouse has been funded by the generous provision of loans of £1,500,000 at zero 0% annual interest rate and £375,000 at 5% annual interest rate from one of the Rugby Club Vice Presidents (VP) to whom we owe our thanks for providing these funds on such generous terms. The cost of construction has been further offset by the sale of the existing Clubhouse at £285,000 which took place in October 2023.
Continuing Fund raising initiatives include Lottery Funding, a Patrons and Donors Programme, Charity dinners, lunches and sporting events, Crowd Funding initiatives, a Buy a Brick campaign together with sporting and other donations as well as the surpluses from our normal trading activities and our thanks go to all of the individuals and entities who have donated so generously to the Charity.
With the Clubhouse open for business from April 2024 Bridgnorth Rugby Club has a large diary of bookings including Events such as Weddings, Wakes and Birthdays, Management Forums, AGM's and other Meetings, Education Platforms such as Speed Awareness Courses and other management and operative training programmes, Annual Dinners and other Functions from around the Community which are assisting in providing a surplus for this and future years.
The Charity has repaid a further £120,000 of loans during this accounting period. Any outstanding balance due on the loans will be repaid from Charity funds through the fund raising initiatives described and the surpluses generated from the Charity's activities over the agreed repayment periods.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity is governed by the Articles of Association of Bridgnorth Rugby Club Limited as adopted by Special Resolution dated 19th August 2021 governed by the Companies Act 2006 and is a Company limited by guarantee.
Recruitment and appointment of new trustees
Trustees are elected or re-elected annually at the Annual General Meeting which was held for this year ended 31st May 2025 on 5th August 2025
Karen Sawbridge was co-opted and then elected as a Trustee at the AGM. There are no other changes to the Trustees who each offered themselves for re-election at the AGM.
The Charity is governed by the Articles of Association of Bridgnorth Rugby Club Limited as adopted by Special Resolution dated 19th August 2021 governed by the Companies Act 2006 and is a Company limited by guarantee.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
07777636 (England and Wales)
Registered Charity number
1198777
Registered office
Bridgnorth Rugby Club The Club House Bandon Lane Bridgnorth Shropshire WV15 5AD
Page 3
BRIDGNORTH RUGBY CLUB LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MAY 2025
Trustees
Lord G G Hamilton S J Rutherford Ms S V Themans (resigned 25.7.24) S C Roper J R Graham J D Ritson K Sawbridge (appointed 16.6.25)
Company Secretary
J D Ritson
Independent Examiner
Stanton Ralph & Co Limited Chartered Accountants The Old Police Station Whitburn Street Bridgnorth Shropshire WV16 4QP
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 25th February 2026 and signed on its behalf by:
J R Graham - Trustee
Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRIDGNORTH RUGBY CLUB LIMITED
Independent examiner's report to the trustees of Bridgnorth Rugby Club Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st May 2025.
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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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.
Darren Foot FCA
Stanton Ralph & Co Limited Chartered Accountants The Old Police Station Whitburn Street Bridgnorth Shropshire WV16 4QP
25th February 2026
Page 5
BRIDGNORTH RUGBY CLUB LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31ST MAY 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 91,955 Charitable activities Bridgnorth Rugby Club 55,467 Other trading activities 2 24,136 Other income - Total 171,558 EXPENDITURE ON Trading activites 6,144 Charitable activities Bridgnorth Rugby Club 117,676 Other 2,210 Total 126,030 NET INCOME 45,528 RECONCILIATION OF FUNDS Total funds brought forward 689,426 TOTAL FUNDS CARRIED FORWARD 734,954 |
Restricted fund £ 11,620 - - - 11,620 - - - - 11,620 192,158 203,778 |
31.5.25 Total funds £ 103,575 55,467 24,136 - 183,178 6,144 117,676 2,210 126,030 57,148 881,584 938,732 |
31.5.24 Total funds £ 98,277 48,595 36,886 181,567 365,325 - 62,762 - 62,762 302,563 579,021 881,584 |
|---|---|---|---|
The notes form part of these financial statements
Page 6
BRIDGNORTH RUGBY CLUB LIMITED
STATEMENT OF FINANCIAL POSITION
31ST MAY 2025
| Notes FIXED ASSETS Tangible assets 7 Investments 8 CURRENT ASSETS Debtors 9 Cash at bank CREDITORS Amounts falling due within one year 10 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 11 NET ASSETS FUNDS 13 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted fund £ 2,361,186 1 2,361,187 113,533 36,621 150,154 (351,387) (201,233) 2,159,954 (1,425,000) 734,954 |
Restricted fund £ 203,778 - 203,778 - - - - - 203,778 - 203,778 |
31.5.25 Total funds £ 2,564,964 1 2,564,965 113,533 36,621 150,154 (351,387) (201,233) 2,363,732 (1,425,000) 938,732 734,954 203,778 938,732 |
31.5.24 Total funds £ 2,597,471 1 2,597,472 206,690 41,457 248,147 (474,035) (225,888) 2,371,584 (1,490,000) 881,584 689,426 192,158 881,584 |
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2025 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.
The notes form part of these financial statements
Page 7
BRIDGNORTH RUGBY CLUB LIMITED
STATEMENT OF FINANCIAL POSITION - continued 31ST MAY 2025
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 25th February 2026 and were signed on its behalf by:
J R Graham - Trustee
The notes form part of these financial statements
Page 8
BRIDGNORTH RUGBY CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Bridgnorth Rugby Football Club Limited is a charitable company limited by guarantee registered in England. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 3 of these financial statements.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Preparation of consolidated financial statements
The financial statements contain information about Bridgnorth Rugby Club Limited as an individual company and do not contain consolidated financial information as the parent of a group. The charity is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
Income
All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.
For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.
Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example, the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure.
No amount is included in the financial statements for volunteer time in line with the SORP.
Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.
Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
Page 9
BRIDGNORTH RUGBY CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MAY 2025
1. ACCOUNTING POLICIES - continued
Support costs
Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources.
Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life once the asset is brought into use, as follows:
Freehold property - 1% straight line Property improvements - 10% straight line Equipment - 20% straight line
Taxation
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.
Fund accounting
Unrestricted funds 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.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Going concern
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for charity to be able to continue as a going concern.
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
Government grants received
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the performance model.
Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Investments in subsidiaries are measured at cost less impairment.
Page 10
BRIDGNORTH RUGBY CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MAY 2025
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | |||
|---|---|---|---|
| Fundraising events Food sales Sponsorships Room hire NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): |
31.5.25 £ 1,021 15,402 5,920 1,793 24,136 |
31.5.24 £ 11,447 19,188 6,251 - 36,886 |
|
| Depreciation - owned assets Deficit/(surplus) on disposal of fixed assets |
31.5.25 £ 55,387 2,210 |
31.5.24 £ 6,391 (181,567 ) |
3. NET INCOME/(EXPENDITURE)
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st May 2025 nor for the year ended 31st May 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st May 2025 nor for the year ended 31st May 2024.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 19,380 Charitable activities Bridgnorth Rugby Club 48,595 Other trading activities 36,886 Other income 181,567 Total 286,428 EXPENDITURE ON Charitable activities Bridgnorth Rugby Club 62,762 NET INCOME 223,666 RECONCILIATION OF FUNDS Total funds brought forward 465,760 |
Restricted fund £ 78,897 - - - 78,897 - 78,897 113,261 |
Total funds £ 98,277 48,595 36,886 181,567 365,325 62,762 302,563 579,021 |
|---|---|---|
Page 11
BRIDGNORTH RUGBY CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MAY 2025
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| TOTAL FUNDS CARRIED FORWARD 6. GOVERNANCE COSTS Independent examiner's fees Other services 7. TANGIBLE FIXED ASSETS COST At 1st June 2024 Additions Disposals At 31st May 2025 DEPRECIATION At 1st June 2024 Charge for year Eliminated on disposal At 31st May 2025 NET BOOK VALUE At 31st May 2025 At 31st May 2024 |
Unrestricted fund £ 689,426 |
Unrestricted fund £ 689,426 |
Restricted fund £ 192,158 |
Total funds £ 881,584 |
||||
|---|---|---|---|---|---|---|---|---|
| 31.5.25 | 31.5.24 | |||||||
| £ | £ | |||||||
| 1,500 | 1,455 | |||||||
| 1,681 | 1,545 | |||||||
| 3,181 | 3,000 | |||||||
| Freehold property £ 2,591,392 11,895 (19,943) 2,583,344 16,535 48,859 (16,978) 48,416 2,534,928 2,574,857 |
Leasehold improvements £ 68,906 19,900 (7,500) 81,306 47,856 6,070 - 53,926 27,380 21,050 |
Equipment £ 10,968 1,550 - 12,518 9,404 458 - 9,862 2,656 1,564 |
Totals £ 2,671,266 33,345 (27,443) 2,677,168 73,795 55,387 (16,978) 112,204 2,564,964 2,597,471 |
8. FIXED ASSET INVESTMENTS
| FIXED ASSET INVESTMENTS | |
|---|---|
| COST LESS IMPAIRMENT At 1st June 2024 and 31st May 2025 |
Shares in group undertaking £ 1 |
| NET BOOK VALUE At 31st May 2025 |
1 |
| At 31st May 2024 | 1 |
There were no investment assets outside the UK.
The company's investments at the balance sheet date in the share capital of companies include the following:
Page 12
BRIDGNORTH RUGBY CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MAY 2025
8. FIXED ASSET INVESTMENTS - continued
Bridgnorth Rugby Club (Trading) Limited
Registered office: Bridgnorth Rugby Club, Edgar Davies Ground,Off Bandon Lane, Bridgnorth, WV15 5AD
Nature of business: Public house and professional rugby
| % Class of share: holding Ordinary 100 Aggregate capital and reserves Profit/(loss) for the year 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Amounts owed by group undertakings Other debtors VAT Prepayments 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other loans (see note 12) Trade creditors Accrued expenses 11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Other loans (see note 12) 12. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Other loans Amounts falling due between two and five years: Other loans - 2-5 years Amounts falling due in more than five years: Repayable by instalments: Other loans more 5yrs instal |
31.5.25 £ 21,608 46,693 31.5.25 £ 500 31,238 - 78,002 3,793 113,533 31.5.25 £ 320,000 5,274 26,113 351,387 31.5.25 £ 1,425,000 31.5.25 £ 320,000 300,000 1,125,000 |
31.5.24 £ (25,085) (32,197) 31.5.24 £ - 56,641 1,540 146,461 2,048 206,690 31.5.24 £ 375,000 32,778 66,257 474,035 31.5.24 £ 1,490,000 31.5.24 £ 375,000 135,000 1,355,000 |
|---|---|---|
Other loans relate to a facility provided by a member of the Club to provide an unsecured loan of £1.5million to be used solely for the purpose of the construction of the new clubhouse
Page 13
BRIDGNORTH RUGBY CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MAY 2025
12. LOANS - continued
The loan is to be repaid by instalments over 20 years, repayments starting on the second anniversary following the new clubhouse being brought into use. The loan is provided interest-free.
A member also provided an additional loan of £375,000 subject to interest at 5% and to be repaid as soon as possible.
As at the balance sheet date £1.745m (2024: £1.865) of these loans was still outstanding.
13. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds Restricted funds TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Restricted funds TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Restricted funds TOTAL FUNDS |
Net movement At At 1.6.24 in funds 31.5.25 £ £ £ 689,426 45,528 734,954 192,158 11,620 203,778 881,584 57,148 938,732 Incoming Resources Movement resources expended in funds £ £ £ 171,558 (126,030) 45,528 11,620 - 11,620 183,178 (126,030) 57,148 Net movement At At 1.6.23 in funds 31.5.24 £ £ £ 465,760 223,666 689,426 113,261 78,897 192,158 579,021 302,563 881,584 |
|---|---|
Page 14
BRIDGNORTH RUGBY CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MAY 2025
13. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted funds TOTAL FUNDS |
Incoming Resources Movement resources expended in funds £ £ £ 286,428 (62,762) 223,666 78,897 - 78,897 365,325 (62,762) 302,563 |
|---|---|
Restricted funds of £203,778 (2024: £192,158) relate to accumulated donations made by members for the specific purpose of the construction of the new clubhouse.
14. RELATED PARTY DISCLOSURES
The charitable company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
There were no other related party transactions for the year ended 31 May 2025.
Page 15
BRIDGNORTH RUGBY CLUB LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MAY 2025
| 31.5.25 | 31.5.24 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Clubhouse donations | 11,619 | 78,898 |
| Donations | 88,460 | 15,932 |
| 200 club | 3,496 | 3,447 |
| Other trading activities | 103,575 | 98,277 |
| Fundraising events | 1,021 | 11,447 |
| Food sales | 15,402 | 19,188 |
| Sponsorships | 5,920 | 6,251 |
| Room hire | 1,793 | - |
| Charitable activities | 24,136 | 36,886 |
| Player subscriptions | 52,060 | 43,112 |
| Net surplus/(deficit) from tours and junior | ||
| teams | (6,593) | (2,767) |
| Grants | 10,000 | 8,250 |
| Other income | 55,467 | 48,595 |
| Gain on sale of tangible fixed assets | - | 181,567 |
| Total incoming resources | 183,178 | 365,325 |
| EXPENDITURE | ||
| Other trading activities | ||
| Food purchases | 6,144 | - |
| Charitable activities | ||
| Rent, rates and insurance | 7,768 | 8,820 |
| Light and heat | - | 2,012 |
| Postage and stationery | - | 123 |
| Sundries | 2,028 | 1,193 |
| Affiliation and league fees | 1,698 | 1,010 |
| Repairs and maintenance | 8,722 | 13,316 |
| Non reclaimable input VAT | 883 | 253 |
| Coaching physio and 1st aid | 8,345 | 13,533 |
| Rugby balls, equipment and kit | 12,938 | 9,847 |
| Travel costs | - | 2,489 |
| Donations | 1,800 | - |
| Freehold property | 48,858 | 737 |
| Improvements to property | 6,070 | 5,263 |
| Equipment | 459 | 391 |
| 99,569 | 58,987 |
This page does not form part of the statutory financial statements
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BRIDGNORTH RUGBY CLUB LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MAY 2025
| 31.5.25 | 31.5.24 | |
|---|---|---|
| £ | £ | |
| Charitable activities | ||
| Other | ||
| Loss on sale of tangible fixed assets | 2,210 | - |
| Support costs | ||
| Finance | ||
| Bank charges | 585 | 775 |
| Interest paid | 14,341 | - |
| Governance costs | 14,926 | 775 |
| Accountancy | 3,181 | 3,000 |
| Total resources expended | 126,030 | 62,762 |
| Net income | 57,148 | 302,563 |
This page does not form part of the statutory financial statements
Page 17