Registered Charity Number: SCo447223 Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2025 For Fa]kirk Rugby Football and Sports Club SCIO Daniel Morris Accounting Services 10 - 681 Alexandra Parade Glasgow G313[
Falkirk Rugby Footb#ll aDd Sports Club SCIO Contents Report of the Trustees Independent Examinerfs Report Statement of Financial Activity Statement of Bal8CeS Notes to the FinanciaI Statements io 1 IPag8
Fthk Rugby Footh2ll and Sports Club SCIO Report of the Trustees For the year euded 31 Match 2025 The trustees have pleasure ID presentins theirreport tosether with the financial statemajts of the charity for the year ended 31 March 2025. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP)"Accountins and Reportins by Charities. issue5 in Marth 2005. Reference and AdMIatiVe Detsils SCo447223 Principal Addre88 Dorrator Road Sunnyside CauLelon Falkirk Stirlingshire 7YW Independent Examiner Daniel Morris AccountiThg Services 10 - 681 Alexandra Parade Glasgow G313LN Bank of Scotland plc 1381140 High Street Fall(irk Stirlingsbire 21Pagè
Falklrk Rvgby Football and Sports Club SCIO StructUTe, Governance and Management Constitution Falkirk Rugby Footbajl and Sports Club, YÈe Club- is a Scottish Charitable Incorporated Organisation. It is governed by its constitution that was adopted on io December 2013. The Club was granted charitable status by OSCR on io March 2014. Appointment of trustees The executive committee the chLS Trustees. Membership of the executive committee is open to all members of the club except those who have been disqualified from being a charity trustee under the charities and trustee investment (Scodand) Act 2005 or are employees of the club. At each Annu81 General Meetingj the members may elect any eligible member to be a charity trustee. The executive committee may, at any time, appoint any elis[ le member to be a eharity trustee. In addition, the executive comtnittee may at any time appoint any eligible non-member of the organisation to be a charity trustee on the basis that they have specialist experience or skills wl]ich would be of assÉstance to the board. Under the constitution, there must be a minimum of 5 and not more than 15 trustees. RÈsk Management The trustees have a dutyto identify and review the risks to which the charity is exposed and to ensure appropriate controls are in pla to provide reasonable assurance against fraud and error. This year, there has been considerable efforts to minie major financial risk to the aub. A key element in the management of financial risk is a regu]ar review of available liquid funds to settle debts as they fall due and active management of trade debtors and creditors balances to ensure sufficient working capital for the charity. Objectives and Artities Objectives and aims Falkirk Rugby Football and Sports Club's aim is to play, promote and encourage public participation in sport, especially rngby football according to the laws approved by tbe Scottish Rugby Union. The Club aims to provide sports facilities and training to improve the health and wellbeing of children and adults in Falkirk and sum)unding areas. To further develop the Club, the Trustees are again looknng to grow the cash position to enable additional investment in pitches as well as improving the energy efficiency of the clubh0e building and its roof. Given that the Club has once again not utilised its overdraft facilities in this financial year, there 15 good progress in this regard. To achieve these aims, the Club will raise funds through social and other activities. 31Page
Falklrk Rugby Football And Sports Club SCIO Athievement and Perforniance Charitable artivitie8 It's mypleasure to submit my 7th Annual Report and my 6th Season Review. It has been another very good yearfor our Club in so many wa)5 - and I've attempted to summarise below the most significant achievement4 in no particular 0er. As ever, my primary measure of success is in Intnllc1ng and nurturing rugby in Children and adults M'hilst endeavouring to put sn]iles OD faix and encouraging everyone to the best of their bodies - the best tool the ever own. Our performance across our Minis. Midis 81 Seniors scrutiny, and whilst the Seniors and Midis couldn't nlate the trophy nb of last season. we haiE perfonned at a sood level across all sections. Ouryouth sections continue in rude health, a huge testament to our Coaches and helpets. Qur Minis success story continues, this last season we introduced 65 new primary scllool kids to rugby. Our numbers increased slightly to 183, 152 boys and 31 girls, with Teatns at every age grade. Our Midis, sirnilarly have enjoyed ongoing success Ag predieted, we fklded Cirls at Ui8, 16 & Ms, and Boys @ Ui8, 169 151 w & - a firgt for our Club to have a 'full set. of Girls & Boys Tearns. Our U. Ui6 & UI8 BI SULres3fully rtrentered the National Full Club Conferences @ Diy 2, finISg a ueditable 3rd from 7, only 2 win5 from 18 games behind the eventual Minners. Sadly, no Cup silverware this season, however our Teams were competing at higher levels than last season with the Li5s narn)lily missing out in the C21ey Shield FinaL Our Ui6 Girls Tned in the Ui6 National l£ague, finishing 4th and losing inthe Saltire Energy Cale) Shield Final. The Ui8 Girls partnered with Strathendrick early in the season and then rijmded their season off by winning the Caley Girls Shield- our only silverware this season. Our BDy5 & U4 Girls continued to develop and improve game on game as the 3 of our Ui6 Girls M'ere selected to playfor Scotland, with a further two1 being selected for Caley- verywell-dolle Gills! We aIso had a number of other Boys & Girls involved in the early Pathway stsges, so h0pellv, more to in this area. We expect 15 boys and 4 trls to move up to our Midis plus 5 Boys and. hopefijlly. 3 Gir]s stepping up to our Senior& Coaching numbers acr(A4s Minis & Midis are bealthy at 53 vs 431&8t season. 12St ye2r I rec211 writing these words whilst gazing at the National gue Cup. H2ving Tharrowly rnissed out on promotion the last 2 seasons, we never really quite reached our previous standards. Early injuries, the worst season I can rec2ll, and that perennial bain, player unavallability plagued our Is. We lost 7 l*ague games, vs x4 the1&8t 2 seasons, and ted the Cup unbeaten, but surrendering a comn]anding leadto drawwith KiA(caldy on the fit garne of the season proved eostty and a portent of the season to eome. Our 2s had a very good season, finishins 3rd in Caley i, their higbest ever position, and progression frorn 4th last season, espeeially when eonsidered against the disrnption that the is caused with player availability. 41Pagg
Falkirk Rugby Football and Sports Club SCIO Over the season our 1st XV fielded 35 players across the 16 I£ague games vs 32 last season over 18 games. Of these, 19 came through our Junior section. Finally, on the Playing side, our Women's Team have been playing in the Eastlmidlands Aspiring League- still early stages but thre training once a week and we've had around 20 Women training since we started late last se&son. There has been very clear progression in perforniceS and results over the season. Finance and Faci]ities wise - after the intensity and focus that Pavilion demanded, iys been a year of consolidating and minor. rdatively) improvements. Our Finances, presided over diligentlyby Mark remain healthy. Your Club pretty much spends 8Jl that we bring in. We tend not to work a surplus, though cash reserves of £20k are, I would suggest, a prudent minimum. Today,we sit with total cash in hand of -£26k. The Bar continues a reasonable surplus to support our activities, making £iok profit from £95 income, £5k transferred to the Playing side. As mentioned above- more monies in simply mean we can do more. Our Sponsors continue to appe&r happy to continue supporting us, and again, many thanks to them for their support! All the above would not have been possible without all our various volunteers - Coaches, Groundhogs & Parents who make it all happen. My thanks to you all and, in dosing, my thanks to our excellent B0d for their ongoing commitment. The cornpeten and commitment is being recognised at Murrayfield. In August, we get to go again! 51Page
Falklrk Rllgby Fortball Dd Sp•rts Cknb SCIO Financial ReeW Annual Perforniance In Comparison to the prior year, there has been significant reduction in both ineome and expenditure at the Club. This is prim7]Y due to the scale of investment in Pairy]ion redevek)pment and additional tloodlighting for the bottorn pitches during 2023/24. In 2024/2), the Club utilised the remaining restricted srant fundins fron] ]ast year as well as its own funds in order to Cgmplete these works. Off the back of the recent Club development, there was a maAced deerease in grant funding, donations and fvndraising. However, Sponsorship and Advertising increased by almost 90% and incorne from membership fees inereased by almost 40%, thus helpins to ensure a healthy income to fund Club activities. Excluding this phase of investment in facllities, the aub ran a small deficit of £5.2kfor the )ar to 31 March 2025. Given the significant increase in activitv at the Club (Ui8s Tour, Midis, travel, purchase of a new Marquee o)ver etc), this is a positive resu]t for the C]ub. Additionally, the Club has not had to niake use of its overdraft facilities, deMo8t[ating a strong financi81 management. In the eoming years. the Club WIRI eontinue to focus on operatin8 a fiDane72l surplus buildiD8 re6enres to prepare for future investtnent in the C]ub, specifidlyl the roof renovation of the aubhouse ana other important maintenance. Reserve8 Policy A reserve$ policy h•8 not yet been established. Approved bv order of the board of trustees on i May 2025 and signed on its behalf by: i May 2025 61Pa99
Fa]klrk Rn2by Football Sp•rts Club SCIO Independent Examiner's Report To the Trusttts of Fallurk Rusby Football Sports aub SCIO I report in the accounts for the year ended 31 Marcb 2025 set out in pages 8 - The charit)"'s trustees are responsible for the preparation of the acLx)unts in accordance with the ternL8 of the Charities and Thtee Investment (Scot]and) 2005 Act and the Charities Accounts (Scotland) Regulations 2006. The charitytrustees consider that the audit requirement of Regulation io(i) (d) of tbe Accounts Regulations does not apply. It ts rny responsibility to examine the aceounts as required under section 44(1) (c) of the Act and to slate wbethtr particaT matters have come to MY attention. Basis of independent examin&s report My examination is crIed Èn acmrdaJLce wlth Regulation li of the Charities Accounts (Scotland) Regu]atioDS 2006. An eXaMiOn indudes a reviewof the accounting records kept by the charity and a comparison of the accounts presented with those record& It a]so indudes Collsideration of any unusual items or disdosures in the accounts and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be requir in an audit and, eonsequently. I do not expr an audit opinion on the aCcnts. Independent examine$ statement In the course of my exan)ination, no matter has eome to my attention: which give8 me rewjnabk Lxuse to believe that, in any material respe¢( the requirements: to keep accountins Tecords in rdance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accouots Regulations: and to prepaJe accounts which accord with the accounting rordS and Comply with Regulation 9 of the 2006 Accounts Regulations have not been met; or to which, in my opinion, attention should be drawn in order to enable & proper understanding of the accounts to be reached. Daniel MO15 A(tounting Services 10 - 081 Alexandra Parade Glasgow G313LN i May2025 71Pa9e
Fx]klrk Rugby Footbau and Sports Club SCIO Statement of Financial Activity For the Year Ended 31 March 2025 2025 2024 Notes Donations 20382 6.978 58,708 166,954 20.382 6.978 58.708 166,954 253.022 1,035,443 28,440 784,751 54,237 168,016 Grants Receipts from ndraiSing activities Gross receipts from other clwitable activities Totsl Receipts 253.022 Fpells for fundraising Payrnents relatillg directlyto clwitable actiiities Covernamce costs (7.191) (7.191) (7,830) (250.772) (27,636) (278.408) (1,001,535) (303) (303) (743) (258,266) 27,636 {285,902) (1.010,107) Total Paents Net Receipts/(Payments) Transfer to/(from) funds ts.245) (27,636) ts2,881) 25,336 SURPLUS/(DEFIcrr) FOR YEAR (59245) (27,636) (32,881) 25.336 81Page
Falklrk Rllgby Foctrtb ind Sports aub SCIO Statement of Balances As at 31 March 2025 2025 2024 Total Funds Funds Funds Cash Funds Cash and bank balances at start of Sun)l8/(deficltI foryear Cash and bw&balanees t end ofyear 29,208 27.636 56,844 ts.245) (27.636) 132,881) 23,963 23.963 3109 25.336 56,844 Freehold Propetr. Bar (at cort) Freehold Propty. Pawllion (at Cost) Plant and maehinery (at net Trk value) FreS and fittings (at cost) Maryuee (at Det book value) Flood IAghts (&t net b(k value) Advertising amd Sponsorship Stock- Kit 52.600 5161yJ 52.600 35,000 io 35,000 3&000 li 22,925 7.807 22.925 7,807 32.750 7.807 li 2a60 Z3fK) 2,200 li 31,654 T20 31,654 7X) &ooo 720 i&oo Eleetronic scorei 2.rJo 2,730 2.730 Fquipment (at lletbk Yalue) outstandi rnemknhip fees Debtors 43J33 43a&3 50.000 681 400 VAT refid due 1,045 4045 2,059 122,591 78,333 200,924 193.447 600 Accruals 3438 ll,000 Other [A)aS 11,000 11,000 14,438 11.000 11,600 posmoN 132)ll6 78?333 213.887 238,691 The financial ststements were approved by the Board Ofee5 on i May 2025 and were signed on its behalf by. 91pe
Falkirk Rugby Footh*ll Alld Sports Club SCIO Notes to the Financial Statements For the Year Ended 31 March 2025 I. ACCoUG POIICIFS Accounting convention The fll]ancial statements have been prepared on the accruals basis in accordance with the Charities and Trustee Investtnent (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (&8 amended). This is a change from prior year due to the aub consistently meeting the income threshold of £250,000. Toration The charity is exempt from tsx on its chaTitable activiti&s. FILnd accounting Unrestricted funds can be used in accordance with the eharitable objectives at the discretion of the Restricted fia$ ean ontybe used for particular $trIcted purposes wÉthin the objectives of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. There were no tntstees, remunerations, otherbenefits or expenses for the ended 31 March 2025 nor for the year ended 31 March 2024. 3. DONATIONS 2025 2024 Donations 8,076 18,966 GiftAid 12,305 9,474 20,382 28,440 2025 2024 Grants Received 2,198 4.780 6>978 784>75X 784,751 10 | Page
F#lldrk Rugby Football and Sports Club SCIO 2025 2024 Fundraising Sponsorship &Advertisins Iery 6.138 22,861 22,376 9.000 42,240 10.330 58.708 54?237 2025 2024 External Coaching and Development Events 10,500 14.876 6,120 2.600 10,820 Falkirk Community Trust Food and match day lunches Funds from Falkirk Rugby Footbajl & Sports Club Ltd Funeral Teas 790 9,070 59000 780 4,365 5.968 5,000 960 Gate Money & Programm&8 International Ticket Sales 3,090 3,067 1,8 Kit Iase of premises Matched Giving Membership Fees Other 2,247 1,168 3.000 2,000 28.255 31.671 30,759 39,097 367 37.296 8.660 SRU 6,022 Travel 14,527 VAT 13,666 1669954 24.170 168,016 2025 2024 Lotteryprizes Events 2,600 2,750 5,080 7.830 4,591 7,191 11 I Page
Fautirk Rugby Football and Sports Club SCIO 2025 2024 Advertising & Sponsorship 2.338 la37 1,320 634 2.032 Club Development Development Offieerwages Equipment & Kit costs Food Expenses 41A95 804,525 31,488 25.118 32,542 32,847 15,947 5,380 5.968 10,444 2,454 International Ticket Purebases 3,032 567 16,180 5.516 31,406 4.791 8,181 22,365 7,465 597 8,676 280 Licences 1,570 Management Fees NIC and Pension payment Other 27,259 6,004 255 8.184 10,440 25,8 10,840 3,215 Physio Pitches Rates. Water and UtÉlities Rent Repairs and renewa]s Sundries 7,123 600 Training Trave] 36.225 994 15.238 1,256 278)408 1,001)535 VAT 9. GOVERNANCE COSTS 2025 2024 Accountants 303 743 303 743 io. FREEHOLD PROPERTY Pauillion The Sports Pavillion is currently leased to the Club from Falkirk Council. As part of the development plans, a Community Asset Transfer (CAT) has been arranged. The Pavilion has been valued by the Council at £35,000 and the CAT vill cost the Club £1. The CAT coneluded on 26 July 2024, finalising the transfer of ownership to the Club. 121 Page
Fgllttrk Rugby Footbgll and Sports Club SCIO The Development Plan saw over £800,000 of infrastructure, structural and functional investment ID the Pavillion. This has created a truly valuable asset for the Club and the surrounding Community. The reinstatement value for Insuran purposes has been set at £1,000,000. As part of the transfer, there are restrictive covenants placed on the building's use. These include that it cannot be sold on for fllLaneial gain and it must contÉnue to be used for Sporting and Community driven purposes. Based on these covenants, the Club has Collduded that the property shall be held on the Statement of Balances at the lUatiOn produced by the Council of £35,000. 11. (YnlERASSET DEPRECIATION On the basis of Note i Accounting Po]icies, Aeeounting Convention, the Club accounts are prepared on an accruals basis. This is a change from the prioryear. As such, depreciation is now included as an expense in the Financial Statements. Therefore. the useful life of &8sets held bythe Club will now be captured on the Statement of Balances. This note serves to share details of assets nearing the end of its useful life. Marquee The Marquee has been ID use at the aub for over 5 years and is nearing the end of its useful life. The Marquee serves many purposes for the Club and a replacement cover has been purchased while reusing the metal frame. 11.1 Cost or valuation Plant & Maehlnery FloodllgPts Gym Equlpment Marqu•¥ Totsl At the beginning of the year Additions Revaluations Disposals At end of the year 32.750 5,000 50.000 2.200 1,260 89.950 31,431 30.171 (I,ioo) (I,ioo) 120,281 32,750 35,171 50,000 11.2 Depreciation Basis Straight Iine Straigbt Lane Strt tane Strght lane Useful Iife (YeaT5) io 20 At beginnix of the year Disposals Depreciation At end of the year 9,825 9tr825 &517 6.667 6,667 20,009 3y517 20,009 11.3 Net book value At beginning of the year At end of the year 32,750 5,000 31.654 50.000 2.200 89,950 100,272 221925 439333 131 Page