Bridgnorth Rugby Club Limited - Charities report - 22.2

REGISTERED COMPANY NUMBER: 07777636 (England and Wales)

REGISTERED CHARITY NUMBER: 1198777

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2022

FOR

BRIDGNORTH RUGBY CLUB LIMITED

(A COMPANY LIMITED BY GUARANTEE)

Page

Report of the Trustees

1

to

3

Independent Examiner's Report

4

Statement of Financial Activities

5

Balance Sheet

6

to

7

Notes to the Financial Statements

8

to

12

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 2022. 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 aims

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 Men's and Women's rugby where Bridgnorth Rugby Club competes in the Regional League structure organised and run by the Rugby Football Union of which the Charity is an affiliated member.

Fund Raising activities include the organising and running of a number of successful events including the Rugby Club Ball, participation in the Bridgnorth Walk, Annual Fireworks Show with over 5,000 attendees, pre match Fundraising Lunches including the 60th anniversary celebrations.

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.

Significant activities

The rugby playing performances at the differing levels can be characterised by the Men's seniors team finishing 4th in the Regional 1 Midlands League which is the highest position achieved in its history. The Women's team continued their growth and finished 2nd in the Women's NC 1 Midlands league. The Mini and Junior section for boys and girls is coached by a combination of former and current players each of whom are developing and being taught their coaching skills and the Charity now has professional coaching from under 13 level upwards which is improving the skills set, rugby knowledge and discipline from an early age in all young players. 4 of our Colts represented Shropshire County and we had 8 young players selected for the Worcester Warriors Academy and several of our Colts team from the previous year progressed to playing senior rugby 2 of whom played for the First Team.

Planning Permission to build a New Clubhouse on the Edgar Davies Ground at Bandon Lane, Bridgnorth was granted on 22nd February 2022 by Shropshire Council which will replace the existing street side Clubhouse known as the Bull on Bridge Street, Bridgnorth.

A number of local community organisations have been encouraged to share the Charity's facilities including Bridgnorth Canoe Club, Faye's Boot Camp, Lisa's Fitness Training, Kids Camps in school holidays, Crucial Crew for teaching 10/11 year old's critical life skills as well as a number of local sporting clubs, employers and other organisations who have hosted their events at the Edgar Davies Ground.

Financial Review

There was a contribution in the period of £17,148 (2020/21 £37,484) which brings Total Charity Funds to £405,824(2020/21 £388,676). Although Player Subscriptions and Donations increased in the period these were offset by increases in the Coaching and Equipment costs as the playing season returned to normal after the COVID restrictions which had affected previous seasons.The reduced contribution compared to the previous year was also contributed to by £27,564 of Grants in 2020/21 which were discontinued this year.

The building of the New Clubhouse will begin in the Summer of 2022 and will be fully funded by the generous provision of an interest free loan from one of the Rugby Club Vice Presidents, the sale of the existing Clubhouse, several fund raising initiatives including 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. Any outstanding balance due on the loan will be repaid from existing Charity funds and the surpluses generated from the Charity's activities over the agreed repayment period.

The Trustees are confident that plans for funding and building the new Clubhouse and the current Business Plan prepared by the Management Team are achievable with the continued support of the volunteers and staff members who have brought the Charity its continuing successes.

This year has been one of transition from COVID restrictions to more normal operating conditions and the cash position and future income opportunities remain strong and there is no uncertainty the Charity will continue as a going concern.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

Trustees are elected or re-elected annually at the Annual General Meeting which is held in August.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07777636 (England and Wales)

Registered Charity number

1198777

Registered office

The Bull

Bridge Street

Bridgnorth

Shropshire

WV15 5AA

Trustees

Lord G G Hamilton

S J Rutherford

Ms S V Themans

S C Roper

J R Graham

Company Secretary

J D Ritson

Independent Examiner

Stanton Ralph & Co Limited

Chartered Accountants

The Old Police Station

Whitburn Street

Bridgnorth

Shropshire

WV16 4QP

Approved by order of the board of trustees on 28th February 2023 and signed on its behalf by:

J R Graham - Trustee

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 2022.

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:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	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

4.

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

ICAEW

Stanton Ralph & Co Limited

Chartered Accountants

The Old Police Station

Whitburn Street

Bridgnorth

Shropshire

WV16 4QP

28th February 2023

31.5.22

31.5.21

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

55,978

65,485

Other trading activities

2

13,676

7,279

Total

69,654

72,764

EXPENDITURE ON

Charitable activities

Bridgnorth Rugby Club Limited

52,506

35,280

NET INCOME

17,148

37,484

RECONCILIATION OF FUNDS

Total funds brought forward

388,676

351,192

TOTAL FUNDS CARRIED FORWARD

405,824

388,676

31.5.22

31.5.21

Unrestricted

Total

fund

funds

Notes

£

£

FIXED ASSETS

Tangible assets

6

181,898

185,503

Investments

7

1

1

181,899

185,504

CURRENT ASSETS

Debtors

8

130,110

149,027

Cash at bank

107,207

59,274

237,317

208,301

CREDITORS

Amounts falling due within one year

9

(13,392

)

(5,129

)

NET CURRENT ASSETS

223,925

203,172

TOTAL ASSETS LESS CURRENT LIABILITIES

405,824

388,676

NET ASSETS

405,824

388,676

FUNDS

10

Unrestricted funds

405,824

388,676

TOTAL FUNDS

405,824

388,676

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2022 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.

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 28th February 2023 and were signed on its behalf by:

J R Graham - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.	OTHER TRADING ACTIVITIES

31.5.22

31.5.21

£

£

Fundraising events

8,108

473

Food sales

5,568

6,806

13,676

7,279

3.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.5.22

31.5.21

£

£

Depreciation - owned assets

8,208

7,850

4.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st May 2022 nor for the year ended 31st May 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st May 2022 nor for the year ended 31st May 2021.

5.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

65,485

Other trading activities

7,279

Total

72,764

EXPENDITURE ON

Charitable activities

Bridgnorth Rugby Club Limited

35,280

NET INCOME

37,484

RECONCILIATION OF FUNDS

Total funds brought forward

351,192

TOTAL FUNDS CARRIED FORWARD

388,676

6.	TANGIBLE FIXED ASSETS

Freehold

Leasehold

property

improvements

Equipment

Totals

£

£

£

£

COST

At 1st June 2021

158,518

67,906

10,065

236,489

Additions

2,700

1,000

903

4,603

At 31st May 2022

161,218

68,906

10,968

241,092

DEPRECIATION

At 1st June 2021

14,152

28,836

7,998

50,986

Charge for year

839

6,866

503

8,208

At 31st May 2022

14,991

35,702

8,501

59,194

NET BOOK VALUE

At 31st May 2022

146,227

33,204

2,467

181,898

At 31st May 2021

144,366

39,070

2,067

185,503

7.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

MARKET VALUE

At 1st June 2021 and 31st May 2022

1

NET BOOK VALUE

At 31st May 2022

1

At 31st May 2021

1

There were no investment assets outside the UK.

8.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.22

31.5.21

£

£

Trade debtors

-

735

Amounts owed by group undertakings

45,048

78,727

VAT

2,020

2,012

Prepayments

83,042

67,553

130,110

149,027

9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.22

31.5.21

£

£

Trade creditors

2,337

3,769

Accrued expenses

11,055

1,360

13,392

5,129

10.	MOVEMENT IN FUNDS

Net

movement

At

At 1.6.21

in funds

31.5.22

£

£

£

Unrestricted funds

General fund

388,676

17,148

405,824

TOTAL FUNDS

388,676

17,148

405,824

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

69,654

(52,506

)

17,148

TOTAL FUNDS

69,654

(52,506

)

17,148

Comparatives for movement in funds

Net

movement

At

At 1.6.20

in funds

31.5.21

£

£

£

Unrestricted funds

General fund

351,192

37,484

388,676

TOTAL FUNDS

351,192

37,484

388,676

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

72,764

(35,280

)

37,484

TOTAL FUNDS

72,764

(35,280

)

37,484

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1.6.20

in funds

31.5.22

£

£

£

Unrestricted funds

General fund

351,192

54,632

405,824

TOTAL FUNDS

351,192

54,632

405,824

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

142,418

(87,786

)

54,632

TOTAL FUNDS

142,418

(87,786

)

54,632

11.	RELATED PARTY DISCLOSURES

At 31st May 2022 Bridgnorth Rugby Club (Trading) Limited owed £45,088 (2021 - £78,727) to the parent company Bridgnorth Rugby Club Limited, there is no interest charged on this loan.