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||Page|
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|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|
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|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|
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|||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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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