REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 April 2024 |
for |
CREDITON RUGBY FOOTBALL CLUB LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 April 2024 |
for |
CREDITON RUGBY FOOTBALL CLUB LIMITED |
CREDITON RUGBY FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 08354020) |
Contents of the Financial Statements |
FOR THE YEAR ENDED 30 APRIL 2024 |
Page |
Company Information | 1 |
Chairman's Report | 2 |
Balance Sheet | 4 |
Notes to the Financial Statements | 6 |
CREDITON RUGBY FOOTBALL CLUB LIMITED |
Company Information |
FOR THE YEAR ENDED 30 APRIL 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
3 Southernhay West |
Exeter |
Devon |
EX1 1JG |
CREDITON RUGBY FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 08354020) |
Chairman's Report |
FOR THE YEAR ENDED 30 APRIL 2024 |
I have pleasure in presenting the Chairman's Report for the 2023/24 season. |
Throughout Devon, fellow clubs are keen to hear what Crediton are up too, how we mange, recruit, train and run CRFC. It is the dedication, hard work, inspiration and energy of many, many members that ensure we offer excellent rugby, on our 1st class pitches, making the very best of an ageing clubhouse and limited parking. |
Three years ago our membership was 500, at the end of this season we are over 750. We run 18 strong teams, provide pitches that are well managed and have a Clubhouse and changing rooms that we can just about fit in! |
The investment from some of the Lidl mitigation monies, was spent improving the River Pitch facilities which has been an excellent addition. The process of purchasing the 24 acre site for our relocation continues at a snails pace, through no fault of our own. |
Running CRFC is no mean feat, the people that you elected as your Directors and Senior & Junior Committee members work extremely hard for the benefit of the entire membership. There is no doubt, we have grown to be a big business and must be run like one. |
Crediton Rugby Club continued the successes of the previous season under the excellent coaching of Rob Avery-Wright, Stuart Lowe and Jack Yeandle. Although the 1st XV did not manage to finish as high as 2022-23, it was nonetheless a hugely successful season winning 17 of their 22 league games. In fact it was only the fact that we had fewer bonus points that prevented us from finishing as runners-up. A total of 37 members played 1st XV rugby and a total of 134 tries were scored. |
The Quins XV were deprived of the runners-up spot by virtue of the fact that their final game of the season, a rescheduled fixture against Exeter Athletic, never played and no points were awarded. The simple fact is that we would probably have won the game with a bonus point which would have taken us to the runner up spot. The Quins won 14 of their 17 league games as well as a magnificent win, away against Brixham 2's in the 2nds XV Cup semi-final. Unfortunately, we lost to a very good Topsham 2's in the final. 48 members player 2nd XV rugby and a total of 127 tries scored. |
The 3rd XV had another successful season in a very competitive Merit Table, finishing in 5th place as they had done the previous season. It is tremendous that we successfully field a 3rd team for every fixture, in fact 83 members played this season with a total of 56 tries scored. |
The Colts XV proved once again that they are a powerful force in Under 18 rugby being one of the top four sides in Devon. An excellent victory against Ivybridge was certainly one of the highlights. A total of 37 colts played this season and 92 tries successfully scored. Our U18's |
There have been some excellent achievements with James Howard, Ben Harris and Marli Maddick all featuring in the Exeter Chiefs Academy. Sam Westcott and Charlie Clark representing Devon U20's. Tom & Louie Gulley respectively representing England Students and England U20's. Congratulations to them all. |
The Ladies enjoyed another successful season, finishing 2nd in the NC1 South West (West) League. Following on from narrowly missing out on promotion in their first season in the league, the ladies once again secured 2nd place, loosing only 2 games all season. Averaging 38 points scored each game, and notching up 430 points in total, the ladies play attacking and exciting rugby and continue to go from strength to strength. |
The U18 girls team secured the Devon Plate this season, a huge achievement given some turbulent times with bad weather preventing matches going ahead. This team really excelled in their cup games, the Newton Abbot game, we travelled with 10 players, and against their 20, our players grit and determination was admirable and showed in the result. |
CREDITON RUGBY FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 08354020) |
Chairman's Report |
FOR THE YEAR ENDED 30 APRIL 2024 |
More excellent achievements with Tilly Pulfer, Charlotte Wreford, Poppy Symons and Demelza Short representing Exeter Chiefs Academy. Poppy Harrison and Poppy Barnes Devon U18's. Poppy Harrison, Kaitlin Fox and Millie Crumpler representing Exeter Chiefs Academy development team. Congratulations to our young ladies. |
My thanks to all coaches, physios, strength & conditioning coaches, first aiders and the all important admin support that enables all our senior rugby teams to thrive. |
Junior rugby at Crediton has leapt forward this season, and a huge thank you goes to the improve structure, regular Junior Committee meetings and clear and positive communication between Committee members, coaches & team managers. Its great when we all know the simplest thing like "where are we training". Rugby will always be important at Crediton, it is the very heart of what we stand for. I am delighted that out of 65 players in the 1st and 2nd XV's squads, 56 have come through our Junior's. |
Off the pitch, we have realised that it is important to ensure we maximise the income from the bar takings, sponsorship through pitchside boards, adverts in the handbook, and player sponsorship. This is the only way we will continue to pay the bills associated with running a Club of this size. We all know that Saturday gives us the largest bar income, but you will see from the accounts there are many other ways we can all get more involved in seeking out potential sponsors, businesses and private individuals who could be keen to support CRFC. |
RFU rugby is forever changing, the half game rule, clearer expectation of the behaviour and discipline of our players, coaches and indeed spectators. Being more proactive with our safeguarding needs and just maybe the RFU will improve the GMS system! But all these things and many more need to be taken into account when we work with the facilities we have and how we manage and administer the whole organisation. We have over 200 volunteers, I thank each and every one, but for CRFC to continue as it is, with all the additional expectations and our future business plans, we need more people to jump on board our Club bus and get involved. |
CREDITON RUGBY FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 08354020) |
Balance Sheet |
30 APRIL 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Income and expenditure account |
CREDITON RUGBY FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 08354020) |
Balance Sheet - continued |
30 APRIL 2024 |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which 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 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 company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
CREDITON RUGBY FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 08354020) |
Notes to the Financial Statements |
FOR THE YEAR ENDED 30 APRIL 2024 |
1. | COMPANY INFORMATION |
Crediton Rugby Football Club Limited is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006. |
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. |
The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below. |
Going concern |
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. |
Turnover |
Turnover represents amounts chargeable in respect of the sale of goods and services to customers. |
Tangible fixed assets |
Land and buildings - 1% reducing balance which is an estimate of the cost element of the club house included in the total over its useful economic life. |
Plant and machinery etc - 15% reducing balance |
Improvements to property - 7.5% reducing balance |
CREDITON RUGBY FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 08354020) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
3. | ACCOUNTING POLICIES - continued |
Stocks |
Stocks are stated at the lower of cost and net realisable value. Cost comprises direct materials and where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. |
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution. |
Cash and cash equivalents |
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
Non government grants |
Grants received from the RFU are included in the financial statements using the Accrual model. Grants relating to revenue are recognised in income on a systematic basis over the period in which the entity recognises the related costs for which the grant is intended to compensate. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
5. | TANGIBLE FIXED ASSETS |
Improvements |
Freehold | to | Plant and |
property | property | machinery | Totals |
£ | £ | £ | £ |
COST |
At 1 May 2023 |
Additions |
At 30 April 2024 |
DEPRECIATION |
At 1 May 2023 |
Charge for year |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
At 30 April 2023 |
CREDITON RUGBY FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 08354020) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 30 APRIL 2024 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
Prepayments and accrued income |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other loans |
Trade creditors |
Social security and other taxes |
VAT | 3,247 | 4,753 |
Other creditors |
Wages creditor | - | 1,022 |
Accruals and deferred income |
Included within 'other loans' is a loan from the Rugby Football Union. The loan is interest free. At the balance sheet date the outstanding balance was £nil (2023 - £717). |