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Registered number: 12390951
Charity number: 1195627











GOWERTON RUGBY FOOTBALL CLUB LIMITED
(A company limited by guarantee)








UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 APRIL 2023

 
GOWERTON RUGBY FOOTBALL CLUB LIMITED
 
(A company limited by guarantee)
 

CONTENTS



Page
Reference and administrative details of the Charity, its Trustees and advisers
1
Trustees' report
2 - 3
Trustees' responsibilities statement
4
Independent examiner's report
5
Statement of financial activities
6
Balance sheet
7 - 8
Notes to the financial statements
9 - 17

 
GOWERTON RUGBY FOOTBALL CLUB LIMITED
 
(A company limited by guarantee)
 

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 29 APRIL 2023


Trustees
S J Howells
R Jenkins
T B Davies
J Knox (resigned 5 May 2023)
M N Thomas

Company registered number
12390951

Charity registered number
1195627

Registered office
56 Cecil Road
Gowerton
Swansea
SA4 3DE

Accountants
MHA
Chartered Accountants
MHA House
Charter Court
Swansea Enterprise Park
Swansea
SA7 9FS

Page 1

 
GOWERTON RUGBY FOOTBALL CLUB LIMITED
 
(A company limited by guarantee)
 
  
TRUSTEES' REPORT
FOR THE YEAR ENDED 29 APRIL 2023

The Trustees present their annual report together with the financial statements of the Charity for the year 30 April 2022 to 29 April 2023The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). 

Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities
 

 Policies and objectives
The charity's objects are :-
- the promotion of community participation in healthy recreation for the public benefit in Gowerton and the surrounding areas by the provision of facilities to participate in the amateur sport of rugby union. The provision of facilities encompasses providing buildings. equipment, access to coaching and organising sporting activities.

 Activities undertaken to achieve objectives
The Senior rugby team, including the first and second team, have continued to develop during the year. The women, youth and junior rugby teams have also been well supported during the year.
The club house has been able to trade without disruptions which has allowed a range of activities to be carried out during the year.
 

Achievements and performance
 

 Main achievements of the Charity
The club has continued to attract new players of all ages and has remained committed to engaging with the local community.
 

Financial review
 

 Deficit
The deficit on unrestricted funds during the year was £13,914.
 

Structure, governance and management
 

 Constitution
Gowerton Rugby Football Club Limited is registered as a charitable company limited by guarantee and was set up by a Trust deed.

 Charity constitution
The charity is a private company limited by guarantee, registered in England and Wales and governed by its Articles of Association and is registered with the Charity Commission.
All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
None of the trustees has any beneficial interest in the company.

Page 2

 
GOWERTON RUGBY FOOTBALL CLUB LIMITED
 
(A company limited by guarantee)
 
Structure, governance and management (continued)

 Decision making
The Trustees have the ultimate responsibility for developing and delivering the charity's strategy. Day to day management is undertaken by a management committee.

 Induction and training of new trustees
New trustees are familiarised with the governance structure of the charity, the aims and objectives of the charity and the roles undertaken by the management committee. They are given the opportunity to identify any area of activity in which they would like to be involved and if training is required this will be identified and provided by the charity.

Approved by order of the members of the board of Trustees and signed on their behalf by:



R Jenkins
Date: 27 February 2024

Page 3

 
GOWERTON RUGBY FOOTBALL CLUB LIMITED
 
(A company limited by guarantee)
 

STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 29 APRIL 2023

The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).


Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles of the Charities SORP (FRS 102);
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.


The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


Approved by order of the members of the board of Trustees and signed on its behalf by:



R Jenkins
Date: 27 February 2024

Page 4

 
GOWERTON RUGBY FOOTBALL CLUB LIMITED

(A company limited by guarantee)
 
 
 
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 29 APRIL 2023

Independent examiner's report to the Trustees of Gowerton Rugby Football Club Limited ('the Charity')

 
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 29 April 2023.


Responsibilities and basis of report


As the Trustees of the Charity (and 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 Charity 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 the Charity's accounts 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 Charity 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.


Signed: Brian Garland                                  Dated: 27 February 2024

 
Brian Garland     BA ACA

 
MHA
Chartered Accountants
MHA House
Charter Court
Swansea Enterprise Park
Swansea
SA7 9FS
 
MHA is the trading name of MacIntyre Hudson LLP, a limited liability partnership in England and Wales (registered number OC312313).
Page 5

 
GOWERTON RUGBY FOOTBALL CLUB LIMITED
 
(A company limited by guarantee)

 
 
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 29 APRIL 2023


Unrestricted funds
2023
Total
funds
2023
Total
funds
2022
Note
        £
        £
        £

Income from:






Donations and legacies

3

43,914

43,914

46,054
 
Other trading activities

4

153,469

153,469

141,298
 
Investments

5

742

742

67
 
Other income

6

22,664

22,664

29,266
 
Total income
220,789
220,789
216,685
Expenditure on:






Raising funds


118,947

118,947

105,047
 
Establishment costs


115,756

115,756

93,789
 
Total expenditure
234,703
234,703
198,836

Net movement in funds
  
(13,914)
(13,914)
17,849

Reconciliation of funds:

  




Total funds brought forward

  

259,345

259,345

241,496
 
Net movement in funds

  

(13,914)

(13,914)

17,849
 
Total funds carried forward
  
245,431
245,431
259,345

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 9 to 17 form part of these financial statements.

Page 6

 
GOWERTON RUGBY FOOTBALL CLUB LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 12390951

 
 
BALANCE SHEET
AS AT 29 APRIL 2023


2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 11 
171,863
181,661

Investments
 12 
6,400
6,400

  
178,263
188,061

Current assets
  

Stocks
 13 
5,423
6,565

Debtors
 14 
5,736
5,108

Cash at bank and in hand
  
111,141
125,927

  
122,300
137,600

Creditors: amounts falling due within one year
 15 
(34,312)
(35,144)

Net current assets 
  
 
 
87,988
 
 
102,456

Total assets less current liabilities
  
266,251
290,517

Creditors: amounts falling due after more than one year
 16 
(20,820)
(31,172)

Total net assets 
  
245,431
259,345


Charity funds
  

Restricted funds
  
-
-

Unrestricted funds
  
245,431
259,345

Total funds
  
245,431
259,345

Page 7

 
GOWERTON RUGBY FOOTBALL CLUB LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 12390951

 
 
BALANCE SHEET (CONTINUED)
AS AT 29 APRIL 2023

The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:




R Jenkins
Date: 27 February 2024

The notes on pages 9 to 17 form part of these financial statements.

Page 8

 
GOWERTON RUGBY FOOTBALL CLUB LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2023

1.


General information

Gowerton Rugby Football Club Limited is a company limited by guarantee and is registered with the Charity Commission (Charity Registered Number: 1195627) and Registar of Companies (Company Registration Number: 12390951) in England and Wales.
The registered office is given in the Charity information on page 1 of these financial statements. The nature of the Charity's operations and principal activities are detailed in the Trustees' Report.


2.Accounting policies

  
2.1

Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Gowerton Rugby Football Club Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

  
2.2

Going concern

The charity has made a loss before tax in the year and has both net current assets and net assets at the balance sheet date. The directors believe that the company is well placed to manage its business risks successfully, despite the current uncertain economic outlook.
The directors have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

  
2.3

Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

  
2.4

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Page 9

 
GOWERTON RUGBY FOOTBALL CLUB LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short leasehold
-
2%
Fixtures and fittings
-
25%

  
2.6

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

  
2.7

Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

  
2.8

Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

  
2.9

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.


3.

Income from donations and legacies



Unrestricted funds
2023
Total
funds
2023
        £
        £
 


Donations

43,914

43,914


Page 10

 
GOWERTON RUGBY FOOTBALL CLUB LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2023

3.Income from donations and legacies (continued)



Unrestricted funds
2022
Total
funds
2022
        £
        £


Donations

46,054

46,054



4.

Income from other trading activities

Income from fundraising events



Unrestricted funds
2023
Total
funds
2023
        £
        £



Bar and food sales

153,469

153,469




Unrestricted funds
2022
Total
funds
2022
        £
        £



Bar and food sales

141,298

141,298



5.

Investment income



Unrestricted funds
2023
Total
funds
2023
        £
        £



Deposit account interest

742

742


Page 11

 
GOWERTON RUGBY FOOTBALL CLUB LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2023

5.Investment income (continued)



Unrestricted funds
2022
Total
funds
2022
        £
        £



Deposit account interest

67

67



6.

Other incoming resources



Unrestricted funds
2023
Total
funds
2023
        £
        £



Sundry income

8,754

8,754

100 club

2,420

2,420

Raffles and collections

4,918

4,918

Functions

6,572

6,572



22,664
22,664



Unrestricted funds
2022
Total
funds
2022
        £
        £



Sundry income

7,653

7,653

100 club

2,382

2,382

Raffles and collections

4,517

4,517

Functions

14,714

14,714



29,266
29,266

Page 12

 
GOWERTON RUGBY FOOTBALL CLUB LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2023

7.

Analysis of expenditure by activities



Support costs
2023
Total
funds
2023
        £
        £



Establishment costs

27,976

27,976

Rugby costs

50,461

50,461

Adminstration costs

11,261

11,261

Depreciation of tangible assets

13,514

13,514

Finance costs

10,987

10,987

Taxation

1,557

1,557



115,756
115,756




Support costs
2022
Total
funds
2022
        £
        £



Establishment costs

17,327

17,327

Rugby costs

38,239

38,239

Adminstration costs

9,446

9,446

Depreciation of tangible assets

15,437

15,437

Finance costs

10,467

10,467

Taxation

2,873

2,873



93,789
93,789



8.

Independent examiner's remuneration

2023
2022
£
£

Fees payable to the Charity's independent examiner for the independent examination of the Charity's annual accounts
1,850
1,750

Page 13

 
GOWERTON RUGBY FOOTBALL CLUB LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2023

9.



Staff costs


2023
2022
£
£


Wages and salaries
55,564
51,072

55,564
51,072

The average number of persons employed by the Charity during the year was as follows:


2023
2022

No.
No.


Staff
16
15

No employee received remuneration amounting to more than £60,000 in either year.





10.


Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2022 - £NIL).

During the year ended 29 April 2023, no Trustee expenses have been incurred (2022 - £NIL).


11.


Tangible fixed assets




Freehold property
Short-term leasehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£


Cost or valuation

At 30 April 2022
29,625
125,883
47,931
9,194
212,633

Additions
-
-
758
2,957
3,715


At 29 April 2023

29,625
125,883
48,689
12,151
216,348


Depreciation

At 30 April 2022
-
8,062
18,887
4,023
30,972

Charge for the year
-
4,031
7,451
2,031
13,513


At 29 April 2023

-
12,093
26,338
6,054
44,485
Page 14

 
GOWERTON RUGBY FOOTBALL CLUB LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2023

11.Tangible fixed assets (continued)



Freehold property
Short-term leasehold property
Fixtures and fittings
Computer equipment
Total


£
£
£
£
£


Net book value


At 29 April 2023
29,625
113,790
22,351
6,097
171,863


At 29 April 2022
29,625
117,821
29,044
5,171
181,661


12.


Fixed asset investments





WRU debentures

£



Cost or valuation



At 30 April 2022
6,400



At 29 April 2023

6,400


13.



Stocks


2023
2022
£
£

Stocks
5,423
6,565


14.



Debtors


2023
2022
£
£



Trade debtors
157
-

Other debtors
5,000
-

Prepayments and accrued income
579
5,108

5,736
5,108

Page 15

 
GOWERTON RUGBY FOOTBALL CLUB LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2023

15.



Creditors: Amounts falling due within one year


2023
2022
£
£


Bank loans
10,648
10,000

Trade creditors
7,516
7,166

Corporation tax
1,557
2,873

Other taxation and social security
3,002
1,803

Bonds
1,315
1,005

Other creditors
8,424
9,435

Accruals and deferred income
1,850
2,862

34,312
35,144


16.



Creditors: Amounts falling due after more than one year


2023
2022
£
£


Bank loans
20,820
31,172


17.

Summary of funds


Summary of funds - current year

Balance at 30 April 2022
£
 
Income
£
 
Expenditure
£
 
Balance at 29 April 2023
£
 
General funds

259,345

220,789

(234,703)

245,431
 


Summary of funds - prior year

Balance at
1 April 2021
£
 
Income
£
 
Expenditure
£
 
Balance at
29 April 2022
£
 
General funds

241,496

216,685

(198,836)

259,345
 

Page 16

 
GOWERTON RUGBY FOOTBALL CLUB LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 APRIL 2023


18.


Related party transactions

The charity entered in the following related party transactions:
Gowerton Atheltic Club Limited - The charity paid £7,538 in relation to insurance, membership and levy to the Athletic Club.

Page 17