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2020-11-30-accounts
|
Page |
| Trustees’ annual report |
I |
| Independent auditor’s reportto the members |
7 |
| Statement offinancial activities |
II |
| Statement offinancial position |
12 |
| Statement ofcash flows |
13 |
| Notes to the financial statements |
14 |
| Reference and administrative |
details |
| Registered charity name |
Welsh Rugby Charitable Trust |
| Charityregistration number |
502079 |
| Principal office |
48 Rhys Road |
|
BLACKWOOD |
|
NP12 3QR |
| The trustees |
|
|
Mr B Rees OBE FRCS |
|
(Chairman) |
|
Mr C Williams (Vice chair) |
|
MrT G R Davies CBE |
|
Mr P Owens (Hon. Secretary) |
|
Miss C Hitt |
|
Mr R Moon |
|
Dr C Williams |
|
MrA Meredith |
|
Dr G Jones |
|
Mr B Williams |
|
Prof J Williams OBE |
|
Mrs C Jefferies |
|
Mr T Phillips |
|
Mr C Powell (Hon. Treasurer) |
| Auditor |
Kilsby & Williams LLP |
|
Chartered accountants & statutory auditor |
|
Cedar House |
|
Hazell Drive |
|
Newport |
|
NP1O 8FY |
| Bankers |
Barclays Bank PLC |
|
42 Wellfield Road |
|
Roath Park |
|
Cardiff |
|
CF24 3YR |
| Investment Managers |
Charles Stanley |
|
7/8 Park Place |
|
Cardiff |
|
CF1O 3DP |
|
|
2020 |
2020 |
2019 |
|
|
Unrestricted |
|
|
|
|
funds |
Total funds |
Total funds |
|
Note |
£ |
£ |
£ |
| Income and endowments |
|
|
|
|
| Donations and legacies |
4 |
45,853 |
45,853 |
233,760 |
| Other trading activities |
5 |
1,439 |
1,439 |
13,306 |
| Investment income |
6 |
122,543 |
122,543 |
165,155 |
| Total income |
|
169,835 |
169,835 |
412,221 |
| Expenditure |
|
|
|
|
| Expenditure on raising funds: |
|
|
|
|
| Costs of raising donations and legacies |
7 |
475 |
475 |
6,383 |
| Expenditure on charitable activities |
8,9 |
376,182 |
376,182 |
320,760 |
| Total expenditure |
|
376,657 |
376,657 |
327,143 |
| Net (losses)/gains on investments |
11 |
(216,242) |
(216,242) |
165,645 |
| Net (expenditure)Iincome and net movement infunds |
|
(423,064) |
(423,064) |
250,723 |
| Reconciliation offunds |
|
|
|
|
| Total funds brought forward |
|
4,184,989 |
4,184,989 |
3,934,266 |
| Total funds carried forward |
|
3,761,925 |
3,761,925 |
4,184,989 |
Welsh RugbyCharitable Trust
Statement ofFinancial Position
30 November2020 |
|
|
|
|
|
2020 |
2019 |
|
Note |
£ |
£ |
| Fixed assets |
|
|
|
| Investments |
14 |
3,700,073 |
4,053,773 |
| Current assets |
|
|
|
| Debtors |
15 |
16,485 |
44,673 |
| Cash at bank and in hand |
|
54,318 |
94,352 |
|
|
70,803 |
139,025 |
| Creditors: Amounts falling duewithin one year |
16 |
8,951 |
7,809 |
| Net current assets |
|
61,852 |
131,216 |
| Total assets less current liabilities |
|
3,761,925 |
4,184,989 |
| Net assets |
|
3,761,925 |
4,184,989 |
| Funds ofthe charity |
|
|
|
| Unrestricted funds |
|
3,761,925 |
4,184,989 |
| Total charity funds |
17 |
3,761,925 |
4,184,989 |
Welsh Rugby Charitable Trust
StatementofCash Flows
Yearended 30 November 2020 |
|
|
|
2020 |
2019 |
|
£ |
£ |
| Cash flows from operating activities |
|
|
| Net (expenditure)/income |
(423,064) |
250,723 |
| Adjustments for: |
|
|
| Net (Iosses)/gains on investments |
216,242 |
(165,645) |
| Dividends, interest and rents from investments |
(122,543) |
(165,155) |
| Accrued expenses/(income) |
5,387 |
(14,686) |
| Changesin: |
|
|
| Trade and other debtors |
28,188 |
(2,167) |
| Trade and other creditors |
(4,244) |
670 |
| Cash generated from operations |
(300,034) |
(96,260) |
| Net cash used in operating activities |
(300,034) |
(96,260) |
| Cash flows from investing activities |
|
|
| Net cash withdrawal |
260,000 |
50,000 |
| Net cash from investing activities |
260,000 |
50,000 |
| Net decrease in cash and cash equivalents |
(40,034) |
(46,260) |
| Cash and cash equivalents at beginning ofyear |
94,352 |
140,612 |
| Cash and cash equivalents at end ofyear |
54,318 |
94,352 |
| Donations and legacies |
|
|
|
|
|
Unrestricted Total Funds |
|
Unrestricted |
Total Funds |
|
Funds |
2020 |
Funds |
2019 |
|
£ |
£ |
£ |
£ |
| Donations |
|
|
|
|
| Donation from the Welsh Rugby Union |
16,485 |
16,485 |
68,251 |
68,251 |
| Donation from the Millennium Stadium |
|
|
|
|
| Charitable Trust |
16,485 |
16,485 |
62,255 |
62,255 |
| Individual donations |
8,639 |
8,639 |
83827 |
83,827 |
| Gifts |
|
|
|
|
| Gifts from clubs and ground collection |
4,244 |
4,244 |
19,427 |
19,427 |
|
45,853 |
45,853 |
233,760 |
233,760 |
| 5. |
Other trading activities |
|
|
|
|
|
|
Unrestricted |
Total Funds |
Unrestricted |
Total Funds |
|
|
Funds |
2020 |
Funds |
2019 |
|
|
£ |
£ |
£ |
£ |
|
Annual golf day, “Gray’ play and |
|
|
|
|
|
Auctions |
1,439 |
1,439 |
13,306 |
13,306 |
| 6. |
Investment income |
|
|
|
|
|
|
Unrestricted |
Total Funds |
Unrestricted |
Total Funds |
|
|
Funds |
2020 |
Funds |
2019 |
|
|
£ |
£ |
£ |
£ |
|
Income from listed investments |
122,543 |
122,543 |
165,155 |
165,155 |
| Costs ofraisingdonations and leg |
acies |
acies |
|
|
|
Unrestricted Total Funds |
|
Unrestricted Total Funds |
|
|
Funds |
2020 |
Funds |
2019 |
|
£ |
£ |
£ |
£ |
| Costs of raising donations and |
|
|
|
|
| legacies - Donations |
475 |
475 |
6,383 |
6,383 |
| Expenditure on charitable activities |
byfund type |
|
|
|
|
Unrestricted |
Total Funds |
Unrestricted |
Total Funds |
|
Funds |
2020 |
Funds |
2019 |
|
£ |
£ |
£ |
£ |
| Christmas grants |
30,750 |
30,750 |
26,250 |
26,250 |
| Reliefof injured rugbyplayers |
249,398 |
249,398 |
121,813 |
121,813 |
| Summer grants for injured rugby |
|
|
|
|
| players |
58,900 |
58,900 |
64,600 |
64,600 |
| Otherfinancial support |
21,000 |
21,000 |
93,674 |
93,674 |
| Support costs |
16,134 |
16,134 |
14,423 |
14,423 |
|
376,182 |
376,182 |
320,760 |
320,760 |
| Expenditure on charitable activities |
byactivity type |
|
|
|
|
Activities |
|
|
|
|
undertaken |
Support |
Total funds |
Total fund |
|
directly |
costs |
2020 |
2019 |
|
£ |
£ |
£ |
£ |
| Christmas grants |
30,750 |
1,378 |
32,128 |
27,486 |
| Reliefof injured rugby players |
249,398 |
2,639 |
252,037 |
127,548 |
| Summer grants for injured rugby |
|
|
|
|
| players |
58,900 |
11,174 |
70,074 |
67,641 |
| Otherfinancial support |
21,000 |
943 |
21,943 |
98,085 |
|
360,048 |
16,134 |
376,182 |
320,760 |
| 10. |
Analysis ofsupportcosts |
|
|
|
|
|
|
|
Grants |
|
|
|
|
|
payable |
Total 2020 |
Total 2019 |
|
|
|
£ |
£ |
£ |
|
Governance costs |
|
16,134 |
16,134 |
14,423 |
| 11. |
Net (losses)Igains on investments |
|
|
|
|
|
|
Unrestricted |
Total Funds |
Unrestricted |
Total Funds |
|
|
Funds |
2020 |
Funds |
2019 |
|
|
£ |
£ |
£ |
£ |
|
Gains/(losses) on listed investments |
(216,242) |
(216,242) |
165,645 |
165,645 |
| Investments |
|
|
Listed |
|
investments |
|
£ |
| Cost or valuation |
|
| At 1 December 2019 |
4,053,773 |
| Reinvested income |
122,543 |
| Fair value movements |
(216,243) |
| Net cash withdrawal |
(260,000) |
| At 30 November 2020 |
3,700,073 |
| Impairment |
|
| At 1 December 2019 and 30 November 2020 |
|
| Carrying amount |
|
| At 30 November2020 |
3,700,073 |
| At 30 November 2019 |
4,053,773 |