LISMORE RUGBY FOOTBALL CLUB FINANCIAL STATEMENTS For the year ended 30 June 2024
Charity Number SC043329
Treasurer
FINANCIAL STATEMENTS
For the year ended 30 June 2024
| CONTENTS | |
|---|---|
| TREASURER’S REPORT | 2 |
| INCOME AND EXPENDITURE ACCOUNT | 4 |
| BALANCE SHEET | 5 |
| NOTES to the FINANCIAL STATEMENTS | 7 |
| INDEPENDENT EXAMINER’s report | 8 |
| TRUSTEES/COMMITTEE ANNUAL REPORT | 9 |
TREASURER’S REPORT
For the year ended 30 June 2024
Last year we had a surplus of £4543. This we have a deficit of £2551.
The predominant funding and expenses is the youth section. Cashback funding for the four High Schools, Liberton, Castlebrae, Gracemount and Holyrood, has finished the three-year cycle and has not been renewed. One High School, Castlebrae, will receive Cashback funding for another three years. We receive School of Rugby funding for Liberton High School.
Subscriptions have improved and up from £4,368 to £6,238. 200 club continues to be successful, albeit slightly lower than last year with £2621.
The historic pitch bill with IPCSC has been finalized at a value of £2,260 after Lismore’s IPCSC bond has been subtracted.
17 March 2025
Treasurer
INCOME AND EXPENDITURE ACCOUNT
For the year ended 30 June 2024
| 2023/2024 | 2022/2023 | |
|---|---|---|
| £ £ |
£ £ |
|
| Rugby playing | ||
| Subscriptions | 6,238 | 4,386 |
| Match fee surplus | 0 | 219 |
| LWRFC | 0 | 0 |
| Rugby Fundraising | 0 | 0 |
| Sponsor | 0 | 0 |
| 6,238 | 4,605 | |
| Less: | ||
| Pitches | 5,374 | 9,192 |
| SRU subscription & insurance | 0 | 12 |
| LWRFC | 0 | 0 |
| Travel | 3,134 | 4,396 |
| Catering | 254 | 1,890 |
| Physio & Sundries | 3,037 | 3,229 |
| Equipment and jerseys | 0 | 1,427 |
| Youth section | 45,607 | 77,807 |
| -57,406 | -97,954 | |
| Deficit from the provision of rugby | -51,168 | -93,349 |
| Deficit carried forward to next page | -51,168 | -93,349 |
| 2023/2024 | 2022/2023 | |
| £ £ |
£ £ |
|
| Deficit brought forward from | -51,168 | -93,349 |
| previous page | ||
| Club Administration | ||
| Receipts/(losses) re Internationals | 1,517 | 2,595 |
| SIS youth | 31,063 | 71,425 |
| SRU | 9,383 | 10,228 |
| Sale of club leisure wear | 932 | 1,173 |
| 42,894 | 85,421 | |
| Less: | ||
| Bank interest and charges | 89 | 94 |
| Marketing | 0 | 0 |
| Cost of club leisure wear | 2,638 | 0 |
| BDM | 0 | 0 | |
|---|---|---|---|
| Software | 526 | 330 | |
| FoL Cost (Bench+function) | 469 | 0 | |
| Miscellaneous | 8,553 | 834 | |
| -12,276 | -1,259 | ||
| Administration income/(deficit) | 30,618 | 84,162 | |
| Fund raising income | |||
| Donations | 2,170 | 200 | |
| Friends of Lismore | 2,837 | 2,640 | |
| Gift Aid | 4,577 | 701 | |
| Sundry Income | 2,618 | 1,117 | |
| Amazon | 0 | 0 | |
| Catering | 0 | 46 | |
| SRU Club Sust Fund(new Lights) | 0 | 0 | |
| Buy a Brick Schem | 0 | 0 | |
| Shirt Sponsors Raffle | 0 | 0 | |
| Lotteries | 143 | 0 | |
| 200 Club | 2,621 | 2,937 | |
| Social events | 432 | 891 | |
| Leper Dinner | 0 | 0 | |
| Tartan touch | 186 | 0 | |
| Match/Club sponsorship | 2,250 | 6,363 | |
| 18,774 | 15,834 | ||
| Less: Fundraising costs (+functions) | -775 | -2,104 | |
| 17,999 | 13,731 | ||
| Surplus for year | -2,551 | 4,544 | |
| 2023/2024 | 2022/2023 | 2022/2023 | |
| £ £ |
£ | £ | |
| Fixed Assets | |||
| Clubhouse lease | 0 | 0 | |
| Improvements to date | 0 | 0 | |
| Fixtures and fittings | 0 | 0 | |
| Scrummaging machine | 0 | 0 | |
| 0 | 0 | ||
| Less: Depreciation to date | 0 | 0 | |
| 0 | 0 | ||
| Current assets | |||
| Cashback Funding | 0 | 21,000 | |
| Stocks of sweaters, ties | 300 | 560 | |
| Debtors | 969 | 1,176 | |
| Extraordinary Item | 0 | 0 |
| IPCSC Bond | 0 | 3,196 | ||
|---|---|---|---|---|
| IPCSC Kit | 0 | 750 | ||
| Gift aid | 9,777 | 5,200 | ||
| Cash at Bank | 49,750 | 38,962 | ||
| 60,796 | 70,844 | |||
| Less: Current liabilities | ||||
| Other loan – Centenary Fund | 13,004 | 14,541 | ||
| Bank overdraft | 0 | 0 | ||
| Creditors (Lepers Dinner) | 750 | 750 | ||
| IPCSC pitch rental | 2,260 | 8,078 | ||
| FOL Lunches | 350 | 0 | ||
| Private Loan | 0 | 494 | ||
| 16,364 | 23,862 | |||
| Net current assets | 44,431 | 431 | 46,982 | |
| 44,431 | 46,982 | |||
| Representing | ||||
| Funds | ||||
| Brought forward from previous | 46,982 | 42,438 | ||
| period | ||||
| Surplus for period | -2,551 | 4,544 | ||
| Exceptional write (down) back | ||||
| Revaluation Reserve | 0 | 0 | ||
| 44,431 | 46,982 |
Statements set out on pages 3 to 5 were approved by the Lismore Committee on 26 March 2025 and were signed on its behalf by:
Treasurer
26 March 2025
The notes on pages 7 and 8 form part of these financial statements.
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 June 2024
1. Pitches
Pitch rates have increased since last year but our total cost is down from last year. Last year we cleared some outstanding invoices.
2. Youth Section
Cashback for Communities funding across 4 schools has finished but we have retained funding for another three years for Castlebrae High School. We have some funding for delivery in Liberton and Portobello but funding is down considerably from last year. We have reduced our staffing level appropriately.
3. Centenary Fund
Still rising but cash in bank to cover member contributions. Very useful when cash flow is tight.
4. Travel / Catering Costs
Travel and catering costs ae down on last year. Travel costs can be variable dependent on league and cup competition draws.
5. Sponsorship / Fundraising
We have gained sponsorship from Boyle Energy to cover the cost of tour strips and player sponsorship scheme has raised almost £1,250.
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INDEPENDENT EXAMINER'S REPORT
I report on the financial statements of the charity for the year ended 30 June 2023, which are set out on pages 3 to 8.
Respective responsibilities of Management Committee and Examiner
The Management Committee of the Club is responsible for the preparation of the financial statement in accordance with the constitution of the Club. The accounts should be subject to external scrutiny in line with the relevant requirements of legislation.
Basis of independent examiner's statement
My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the club and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeks explanations from the Management Committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the financial statements.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
(a) which gives me reasonable cause to believe that in any material respect the requirements:
-
(i) to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
-
(ii) to prepare financial statements which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations;
-
Have not been met or
-
(b} to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
ACCA 15/6 Meadowbank Crescent Edinburgh EH8 7AJ Dated: 17[th] March 2025
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LISMORE RUGBY FOOTBALL CLUB
~~Ld~~ TRUSTEES/COMMITTEE ANNUAL REPORT
Committee –
Youth
Lismore RFC support the delivery of Rugby in local High Schools, Liberton, Castlebrae and Portobello. We employ two Development Officers to support the delivery.
The neighbourhood covers the wards of Craigmillar, Moredun, Gilmerton, Inch, Liberton, Gracemount, Burdiehouse, Duddingston and Portobello.
Within the South Edinburgh area there are 10 wards which feature in the Scottish Executive Index of Multi Deprivation Index 'worst' 500. These wards contain health risks much higher than the average for Scotland.
We run a successful Performance Pathway and School of Rugby Programmes. These Programmes are based in Liberton High School, Castlebrae High School and Portobello High School as well as Lismore Rugby Club.
Liberton High School is 6[th ] on the SID scale and Castlebrae has the highest SID rating in Edinburgh.
Lismore created the Edinburgh Harlequins, a combination of the High School to facilitate competitive rugby for both girls and boys from S1 through to S6.
Adult Teams
Lismore RFC Women’s team played in the East/Midlands league One.
Lismore RFC Men’s team played in East regional League 3
We have continued to host Queen Margaret University Women’s and Men’s teams and this has proved fruitful in supplying players to our adult teams.
Charity Number SC043329
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