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REGISTERED COMPANY NUMBER: SC306620 (Scotland)
REGISTERED CHARITY NUMBER: SC038461














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 August 2023

for

Rangers Former Players Benevolent Club

Rangers Former Players Benevolent Club






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Statement of Financial Position 5 to 6

Notes to the Financial Statements 7 to 10

Rangers Former Players Benevolent Club (Registered number: SC306620)

Report of the Trustees
for the Year Ended 31 August 2023


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 31 August 2023. 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:
- the prevention or relief of poverty
- the advancement of health
- the advancement of arts, heritage, culture or science
- the promotion of religious or racial harmony
- the relief of those in need by reason of age, ill health, disability, financial hardship or other disability

Significant activities
The principal activity of the charity is the raising of funds for the provision of support to individuals.

ACHIEVEMENT AND PERFORMANCE
The charity supported several individuals throughout the year.

FINANCIAL REVIEW
Principal funding sources
The principal funding sources of the charity are donations from fans, former players and others.

Total income for the year, all from donations, was £24,534 (2022 - £76,390). Total expenditure was £31,151 (2022 - £83,373) giving a deficit for the year of £6,617 (2022 - £6,983). The funds of the charity are currently in surplus by £123,228 and these are all held by the unrestricted general purpose fund.

The reserves of the charity are represented by bank balances. The charity has no requirement for specific reserves. Any surplus is carried forward to be used in future operations.

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.

The directors of the company are also charity trustees for the purpose of charity law, and, under the company's articles are known as members of the Management Committee. Regulation 73 of Table A which requires one third of directors to retire at each annual general meeting has been amended and as such, in the event of a default in holding an annual general meeting, the directors who were due to retire from office at such meeting, continue in office until such meeting is held.

Recruitment and appointment of new trustees
Members of the Management Committee are elected based on the skills that they offer to ensure that there is a broad skills mix. There is no restriction on the number of members on the Management Committee. There are currently four members who meet regularly and are responsible for the strategic direction and policy of the charity. The Management Committee have a variety of professional backgrounds relevant to the work of the charity.


Rangers Former Players Benevolent Club (Registered number: SC306620)

Report of the Trustees
for the Year Ended 31 August 2023


STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
The Management Committee has conducted a review of the major business and operational risks to which the charity is exposed. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety of the members of the company.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC306620 (Scotland)

Registered Charity number
SC038461

Registered office
Ibrox Stadium
150 Edmiston Drive
Glasgow
G51 2XP

Trustees
P McCloy
J Greig
R G R Davidson (resigned 18.1.24)
C Stewart
A M McCoist (appointed 5.9.23)
I Durrant (appointed 15.12.23)

Company Secretary
C Stewart

Independent Examiner
Douglas Marshall C.A.
Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Approved by order of the board of trustees on 18 September 2024 and signed on its behalf by:





P McCloy - Trustee

Independent Examiner's Report to the Trustees of
Rangers Former Players Benevolent Club

I report on the accounts for the year ended 31 August 2023 set out on pages four to ten.

Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees 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 accounts.

Independent examiner's statement
In connection with my examination, no matter has come to my attention :

(1) which gives me reasonable cause to believe that, in any material respect, the requirements

- to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
- to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.








Douglas Marshall C.A.
The Institute of Chartered Accountants of Scotland

Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

18 September 2024

Rangers Former Players Benevolent Club

Statement of Financial Activities
for the Year Ended 31 August 2023

31.8.23 31.8.22
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 24,534 76,390

EXPENDITURE ON
Raising funds 35 35

Charitable activities
Donations and assistance to individuals 31,116 83,338
Total 31,151 83,373

NET INCOME/(EXPENDITURE) (6,617 ) (6,983 )


RECONCILIATION OF FUNDS
Total funds brought forward 129,845 136,828

TOTAL FUNDS CARRIED FORWARD 123,228 129,845

Rangers Former Players Benevolent Club (Registered number: SC306620)

Statement of Financial Position
31 August 2023

31.8.23 31.8.22
Unrestricted Total
fund funds
Notes £    £   
CURRENT ASSETS
Cash at bank and in hand 126,578 132,345

CREDITORS
Amounts falling due within one year 3 (3,350 ) (2,500 )

NET CURRENT ASSETS 123,228 129,845

TOTAL ASSETS LESS CURRENT
LIABILITIES

123,228

129,845

NET ASSETS 123,228 129,845
FUNDS 4
Unrestricted funds 123,228 129,845
TOTAL FUNDS 123,228 129,845

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.


Rangers Former Players Benevolent Club (Registered number: SC306620)

Statement of Financial Position - continued
31 August 2023

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 18 September 2024 and were signed on its behalf by:





P McCloy - Trustee

Rangers Former Players Benevolent Club

Notes to the Financial Statements
for the Year Ended 31 August 2023

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.

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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

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.


Rangers Former Players Benevolent Club

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022.


3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Other creditors and accruals 3,350 2,500

4. MOVEMENT IN FUNDS
Net
movement At
At 1.9.22 in funds 31.8.23
£    £    £   
Unrestricted funds
General fund 129,845 (6,617 ) 123,228

TOTAL FUNDS 129,845 (6,617 ) 123,228

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 24,534 (31,151 ) (6,617 )

TOTAL FUNDS 24,534 (31,151 ) (6,617 )


Rangers Former Players Benevolent Club

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.9.21 in funds 31.8.22
£    £    £   
Unrestricted funds
General fund 136,828 (6,983 ) 129,845

TOTAL FUNDS 136,828 (6,983 ) 129,845

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 76,390 (83,373 ) (6,983 )

TOTAL FUNDS 76,390 (83,373 ) (6,983 )

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

Net
movement At
At 1.9.21 in funds 31.8.23
£    £    £   
Unrestricted funds
General fund 136,828 (13,600 ) 123,228

TOTAL FUNDS 136,828 (13,600 ) 123,228

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 100,924 (114,524 ) (13,600 )

TOTAL FUNDS 100,924 (114,524 ) (13,600 )

Rangers Former Players Benevolent Club

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

5. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2023.