Charity registration number 1129119
Company registration number 06811339 (England and Wales)
DORKING RUGBY FOOTBALL CLUB LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
DORKING RUGBY FOOTBALL CLUB LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr J M Aarvold (Director)
Mr P R Instone (Director)
Mr S Hammond (Director)
Mr M G Noble (Director)
Mr J A Evans (Director)
Mr D J Hemmings (Director)
Mr M E Bell (Director)
(Appointed 1 January 2024)
Secretary
Mr K J Beal
Charity number
1129119
Company number
06811339
Registered office
The Pavilion
The Big Field Kiln Lane
Brockham, Betchworth
Surrey
RH3 7LZ
Independent examiner
Beavis Morgan LLP
Accountants, Business and Tax Advisers
82 St John Street
London
EC1M 4JN
Bankers
Barclays Bank PLC
One Churchill Place
Canary Wharf
London
E14 5HP
Solicitors
Downs Solicitors LLP
156 High Street
Dorking
Surrery
RH4 1BQ
DORKING RUGBY FOOTBALL CLUB LIMITED
CONTENTS
Page
Trustees' report
1 - 3
Independent examiner's report
4 - 5
Statement of financial activities
6
Balance sheet
7 - 8
Statement of cash flows
9
Notes to the financial statements
10 - 21
DORKING RUGBY FOOTBALL CLUB LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 30 JUNE 2024
- 1 -

The trustees who are also directors of the charity for purposes of the Companies Act 2006, present their report with the financial statement of the charity for the year ended 30 June 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "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

The charity's objectives are to promote community participation in healthy recreation by the provision of facilities and inclusive environment for all ages and genders for the playing of rugby union football and also to promote any purpose that is charitable according to the laws of England and Wales.

 

Activities

Senior Rugby - Coaching and training of five senior teams of rugby players and the playing of matches in various leagues, both local and national.

 

Youth Rugby - Coaching and training of several age related teams of rugby players from the ages of 13 to 18 and the playing of matches in various leagues and cups, both local and national.

 

Mini Rugby - Coaching and training of several age related teams of rugby players from the ages of 6 to 12 and the playing of mini rugby in local matches and tournaments.

 

Public benefit

The trustees confirm that they have referred to the guidance contained in the Charity Commissioner’s general guidance on public benefit when reviewing the Charity’s aims and objectives and in planning future activities.

 

The trustees are satisfied that the charity continue to meet the required public benefit test through its objectives and activities.

The Trustees believe that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission.

Achievements and performance

Dorking Rugby Football Club is a thriving charitable sports club located on the Big Field in Brockham. It plays a big role in community recreation, health and social opportunities for the Dorking area. Founded in 1921, the club shares and promotes the core values of the RFU which are Teamwork, Respect, Enjoyment, Discipline and Sportsmanship and in 2009 we became the first rugby club in the country to be awarded registered charity status.

 

 

The club’s management is made up of a Board of Trustees who ensure that the values and responsibilities of the club are adhered to, whilst a day to day operating Board deliver the Rugby programme and manage everything from the health of the players to the condition of the pavilion and the pitches.

DORKING RUGBY FOOTBALL CLUB LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
Financial review

Principal funding sources

During the year under review the club has principally been funded by membership subscriptions, donations, sponsorship from individuals and businesses within the local community in which it operates and RFU and member loans.

Investment policy and objectives

The board of trustees have the power to invest the club's assets in any way they see fit. The club's funds are currently kept on deposit to be readily available at short notice. The interest earned is thus governed by the general interest rates available. The trustees do not wish to invest the club's funds in any other markets at this time.

 

Reserve policy

It is the desired policy of the trustees and board to create sufficient reserves to enable the future development and enhancement of the club and its facilities. The club currently maintains three distinct funds:

 

The John Douglas Youth Development Fund which raises funds from members to support projects or initiatives primarily benefiting the youth sections with the aim of enabling players to achieve a higher level of performance and enjoyment.

 

The Community Rugby Fund, which is generously assisted by the Wates Family Enterprise Trust, provides funding for the outreach programme of sending coaches into local primary and secondary schools. Also, this fund supports those members who are suffering financial hardship by providing access to our training and playing facilities.

 

The Facilities Development Fund raises funds which are invested in the club’s infrastructure and ensures small projects can be commenced without the need to seek additional fund raising. During 2023/24 the fund raised £9,108 and invested £4,062 in the club’s infrastructure, including acoustic improvements to the Wates Community Room.

 

The club also maintains free reserves which are sufficient to cover members deposits for tours and other events.

 

The club has a wholly owned trading subsidiary (DRFC Trading Limited) which manages the clubhouse operations, where available profits are remitted to the club by charitable donations. The results of the trading subsidiary are disclosed within notes to the financial statements.

Governing document

The charity is a company limited by guarantee, governed by its Memorandum and Articles of Association.

 

Recruitment and appointment of new trustees Existing trustees invite potential new trustees to join having regard to the relevance of their experience to the work of the charity and the management need of the charity.

Organisational structure The day to day management of the club has been delegated to the operational board who meet on a monthly basis. The operational board are overseen by the board of trustees who meet a least three times per year.

 

 

 

DORKING RUGBY FOOTBALL CLUB LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
Trustees & directors
Mr J M Aarvold (Director and trustee)
Mr P R Instone (Director and trustee)
Mr S Hammond (Director and trustee)
Mr E C S Ivens (Director and trustee)
(Resigned 31 December 2023)
Mr M G Noble (Director and trustee)
Mr J A Evans (Director and trustee)
Mr D J Hemmings (Director and trustee)
Mr M E Bell (Director and trustee)
(Appointed 1 January 2024)

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

 

The trustees' report was approved by the Board of Trustees.

Mr S Hammond
Trustee
Dated: 23 November 2024
DORKING RUGBY FOOTBALL CLUB LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF DORKING RUGBY FOOTBALL CLUB LIMITED
- 4 -

I report to the trustees (who are also directors for the purpose of company law) on my examination of the financial statements of Dorking Rugby Football Club Limited (the charity) for the year ended 30 June 2024 which comprise the Statement of Financial Activities, the Balance Sheet and related notes.

 

This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed.

Responsibilities and basis of report

As the trustees of charitable company you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the Act and are eligible for independent examination, I report in respect of my examination of the charitable company’s financial statements carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’) and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

 

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the financial statements present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.

Independent examiner's statement - matter of concern identified

I have completed my examination. I have identified matters of concern that give me reasonable cause to believe that the financial statements prepared for the charity are not fully compliant with the accounting requirements of section 396 of the 2006 Act and have not been prepared fully in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities.

 

The charity's depreciation policy in respect of leasehold land and buildings is to not depreciate either the buildings nor the land. This is not in accordance with the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

 

In accordance with the above provisions depreciation should be charged on the leasehold buildings over the term of the lease. The term of the lease is 50 years and has 38 years remaining at the balance sheet date. If depreciation had been charged on the leasehold buildings this would result in an additional charge in the year to the SoFA of £38,500 and a reduction in unrestricted reserves and tangible fixed assets of £354,500 at the balance sheet date.

DORKING RUGBY FOOTBALL CLUB LIMITED
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
TO THE TRUSTEES OF DORKING RUGBY FOOTBALL CLUB LIMITED
- 5 -

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. 1.accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the financial statements give a ‘true and fair view which is not a matter considered as part of an independent examination; or

  4. the financial statements 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 financial statements to be reached.

Paul Ashton FCA
Beavis Morgan LLP
Accountants, Business and Tax Advisers
82 St John Street
London
EC1M 4JN
Dated: 28 November 2024
DORKING RUGBY FOOTBALL CLUB LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2024
- 6 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
Notes
£
£
£
£
£
£
Income from:
Donations and legacies
2
134,398
29,801
164,199
84,235
36,945
121,180

Charitable activities

Rugby membership

3
121,477
-
121,477
110,713
-
110,713
Other trading activities
4
415,335
-
415,335
344,260
-
344,260

Investments

5
1,253
-
1,253
377
-
377
Total income
672,463
29,801
702,264
539,585
36,945
576,530
Expenditure on:

Cost of raising funds

6
239,699
2,031
241,730
196,280
12,072
208,352

Cost of charitable activities

Rugby membership

7
428,681
28,437
457,118
363,711
38,674
402,385
Total charitable expenditure
428,681
28,437
457,118
363,711
38,674
402,385
Total resources expended
668,380
30,468
698,848
559,991
50,746
610,737
Net incoming/(outgoing) resources before transfers
4,083
(667)
3,416
(20,406)
(13,801)
(34,207)
Gross transfers between funds
-
-
-
9,941
(9,941)
-
Net income/(expenditure) for the year/
Net movement in funds
4,083
(667)
3,416
(10,465)
(23,742)
(34,207)
Fund balances at 1 July 2023
1,821,080
28,602
1,849,682
1,831,545
52,344
1,883,889
Fund balances at 30 June 2024
1,825,163
27,935
1,853,098
1,821,080
28,602
1,849,682

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

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
DORKING RUGBY FOOTBALL CLUB LIMITED
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 7 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
11
1,993,818
1,996,694
Investments
12
1
1
1,993,819
1,996,695
Current assets
Debtors
14
15,013
2,145
Cash at bank and in hand
82,775
104,301
97,788
106,446
Creditors: amounts falling due within one year
15
(114,525)
(126,474)
Net current liabilities
(16,737)
(20,028)
Total assets less current liabilities
1,977,082
1,976,667
Creditors: amounts falling due after more than one year
16
(123,984)
(126,985)
Net assets
1,853,098
1,849,682
Income funds
Restricted funds
19
27,935
28,602
Unrestricted funds
19
1,825,163
1,821,080
1,853,098
1,849,682
DORKING RUGBY FOOTBALL CLUB LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2024
30 June 2024
- 8 -

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2024.

The Trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the 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 accounts, so far as applicable to the company.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the Trustees on 23 November 2024
Mr P R Instone
Mr S Hammond
Trustee
Trustee
Company Registration No. 06811339
DORKING RUGBY FOOTBALL CLUB LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2024
- 9 -
2024
2023
Notes
£
£
£
£
Cash flows from operating activities
Cash absorbed by operations
22
(11,025)
(49,424)
Investing activities
Purchase of tangible fixed assets
(8,754)
(10,360)
Investment income received
1,253
377
Net cash used in investing activities
(7,501)
(9,983)
Financing activities
Repayment of borrowings
(3,000)
(4,668)
Repayment of loan
-
(40,000)
Net cash used in financing activities
(3,000)
(44,668)
Net decrease in cash and cash equivalents
(21,526)
(104,075)
Cash and cash equivalents at beginning of year
104,301
208,376
Cash and cash equivalents at end of year
82,775
104,301
DORKING RUGBY FOOTBALL CLUB LIMITED
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 10 -
1
Accounting policies
Charity information

Dorking Rugby Football Club Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is The Pavilion, The Big Field Kiln Lane, Brockham, Betchworth, Surrey, RH3 7LZ.

1.1
Accounting convention

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 account 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.

 

The financial statements present information about the charity as an individual undertaking and not as a group.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4
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.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Where grant income is subject to performance related conditions, the income is recognised to the extent that performance has been achieved.

Membership income is recognised on a straight line basis over the duration of the membership. Sponsorship and similar commercial income is recognised over the duration of the respective contracts.

1.5
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 benefit 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.

DORKING RUGBY FOOTBALL CLUB LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 11 -
1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
No depreciation charged
Plant and equipment
10% on cost
Fixtures and fittings
20% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Fixed asset investments

Fixed asset investments are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in net income/(expenditure) for the year.

A subsidiary is an entity controlled by the charity. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.8
Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

1.10
Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

DORKING RUGBY FOOTBALL CLUB LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 12 -
Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities

Basic financial liabilities, including creditors, loans from fellow group companies and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11
Taxation

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

1.12

Concessionary loan

The charity has taken advantage of section 34 of FRS 102 to recognise the loan received from the Rugby Football Foundation, and loans from several members as concessionary loans. As such the charity initially recognised and measured the loans at the amount received with carrying amount adjusted in subsequent years to reflect repayments and any accrued interest.

2
Donations and legacies
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Donations
38,827
26,222
65,049
30,059
23,855
53,914
Gift aid
4,007
3,140
7,147
3,949
3,082
7,031
Donation from trading subsidiary
91,564
-
91,564
50,227
-
50,227
Other fundraising
-
439
439
-
10,008
10,008
134,398
29,801
164,199
84,235
36,945
121,180
DORKING RUGBY FOOTBALL CLUB LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 13 -
3

Charitable activities

Rugby membership

Rugby membership

2024
2023
£
£

Subscriptions

121,477
110,713
4
Other trading activities
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Fundraising events
93,063
94,699
Sponsorships and advertising
174,348
140,282
1921 club
6,420
3,660
Other match day and Gym income
141,504
105,619
Other trading activities
415,335
344,260
5
Investment income
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Interest receivable
1,253
377
DORKING RUGBY FOOTBALL CLUB LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 14 -
6

Cost of raising funds

Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Fundraising and publicity

Programme costs    

4,503
-
4,503
4,698
-
4,698

Sponsorship expenses

23,189
-
23,189
19,207
-
19,207

300 club prizes    

2,809
-
2,809
1,821
-
1,821

Club social events

64,546
-
64,546
44,821
-
44,821
Youth community costs
220
-
220
11,660
-
11,660
Support costs (Note 9)
92,071
2,031
94,102
65,154
12,072
77,226
Fundraising and publicity
187,338
2,031
189,369
147,361
12,072
159,433
Trading costs

Gym costs

52,361
-
52,361
48,919
-
48,919
239,699
2,031
241,730
196,280
12,072
208,352
7

Cost of charitable activities

Rugby membership

Rugby membership

2024
2023
£
£
Direct costs
392,113
333,099
Support costs  (Note 8)
65,005
69,286
457,118
402,385
Analysis by fund
Unrestricted funds
428,681
363,711
Restricted funds
28,437
38,674
457,118
402,385
DORKING RUGBY FOOTBALL CLUB LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 15 -
8
Support costs
Raising donations and legacies
Rugby membership
2024
Raising donations and legacies
Rugby membership
2023
£
£
£
£
£
£
Insurance
1,027
1,027
2,054
838
838
1,676
Light and heat
15,608
15,608
31,216
10,636
10,636
21,272
Telephone
85
85
170
85
85
170
Postage and stationery
978
978
1,956
644
644
1,288
Sundries
223
223
446
391
391
782
Cleaning and laundry
-
-
14,884
14,884
29,768
Pavilion and ground expenses
39,238
39,238
78,476
27,812
27,815
55,627
Depreciation of tangible assets
5,815
5,815
11,630
5,265
5,265
10,530
Club management
22,110
-
22,110
16,672
-
16,672
Bank charges
-
3,887
3,887
-
5,628
5,628
Accountancy
-
3,100
3,100
-
3,100
3,100
85,084
69,961
155,045
77,226
69,286
146,512
Analysed between
Unrestricted
92,071
62,974
155,045
65,154
57,214
122,368
Restricted
2,031
2,031
4,062
12,072
12,072
24,144
94,102
65,005
159,107
77,226
69,286
146,512

Support costs have been apportioned to activities based on the estimated time spent on each activity.

DORKING RUGBY FOOTBALL CLUB LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 16 -
9
Trustees

The trustees (or any persons connected with them) did not receive any remuneration during the year or the prior year and were not reimbursed for any expenses during the year year or the prior year.

During the year the charity received total donations of £11,470 (2023: £668, 4 trustees) from 4 trustees.

 

During the year, the wife of one of the trustees was paid £Nil (2023: £16,671) for the provision of accountancy services.

10
Employees

The average monthly number of employees during the year was as follows:

2024
2023
Number
Number
Physiotherapy
8
6
Coaches
10
5
Administration
3
-
Total
21
11

The above employees are employed by the charity's wholly owned subsidiary, DRFC Trading Limited. Any time spent working for the charity by these employees is charged to the charity by the subsidiary.

There were no employees whose annual remuneration was £60,000 or more.
11
Tangible fixed assets
Short leasehold
Plant and equipment
Fixtures and fittings
Total
£
£
£
£
Cost
At 1 July 2023
1,930,664
81,660
54,488
2,066,812
Additions
-
6,504
2,250
8,754
At 30 June 2024
1,930,664
88,164
56,738
2,075,566
Depreciation and impairment
At 1 July 2023
-
23,258
46,860
70,118
Depreciation charged in the year
-
8,558
3,072
11,630
At 30 June 2024
-
31,816
49,932
81,748
Carrying amount
At 30 June 2024
1,930,664
56,348
6,806
1,993,818
At 30 June 2023
1,930,664
58,402
7,628
1,996,694
DORKING RUGBY FOOTBALL CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 17 -
12
Fixed asset investments
Other investments
Cost
At 1 July 2023 & 30 June 2024
1
Carrying amount
At 30 June 2024
1
At 30 June 2023
1
2024
2023
Other investments comprise:
Notes
£
£
Investments in subsidiaries
13
1
1
13
Subsidiaries

Details of the charity's subsidiaries at 30 June 2024 are as follows:

Name of undertaking
Registered
Nature of business
Class of
% Held
office
shares held
Direct
Indirect
DRFC Trading Limited
United Kingdom
Operation of sport facilities
Ordinary
100.00
The aggregate capital and reserves and the result for the year of subsidiaries excluded from consolidation was as follows:
Name of undertaking
Profit/(Loss)
Capital and Reserves
£
£
DRFC Trading Limited
91,564
1
DORKING RUGBY FOOTBALL CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 18 -
14
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
2,650
800
Other debtors
10,989
865
Prepayments and accrued income
1,374
480
15,013
2,145
15
Creditors: amounts falling due within one year
2024
2023
£
£
Other loan
6,668
6,668
Member's loans
10,000
10,000
Trade creditors
23,418
13,008
Amounts owed to fellow group undertakings
9,906
30,758
Other creditors
-
2,039
Accruals and deferred income
64,533
64,001
114,525
126,474

Other loans represent the current portion of an interest free loan repayable over a 15 year period from the Rugby Football Foundation, which has been treated as concessionary loan and is carried at cost. The loan is secured over the leasehold buildings owned by the charity.

16
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other loans
123,984
126,985

Other loans represent two types pf loan:

 

An interest free loan repayable over a 15 year period from the Rugby Football Foundation, totalling £19,984 (2023: £24,985), which has been treated as concessionary loan and is carried at cost. The loan is secured over the leasehold buildings owned by the charity;

 

RFU asset improvement loan of £104,000 (2023: £102,000), is over 12 years with a payment holiday for the first 4 years. Interest accrues from day 1 and is payable with the first repayment instalment.

DORKING RUGBY FOOTBALL CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 19 -
17
Loans and overdrafts
2024
2023
£
£
Other loans
130,652
133,653
Payable within one year
6,668
6,668
Payable after one year
123,984
126,985

 

18
Analysis of net assets between funds
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
At 30 June 2024:
Tangible assets
1,993,818
-
1,993,818
Investments
1
-
1
Current assets/(liabilities)
(44,672)
27,935
(16,737)
Long term liabilities
(123,984)
-
(123,984)
1,825,163
27,935
1,853,098
Unrestricted
Restricted
Total
funds
funds
2023
2023
2023
£
£
£
At 30 June 2023:
Tangible assets
1,996,694
-
1,996,694
Investments
1
-
1
Current assets/(liabilities)
(48,630)
28,602
(20,028)
Long term liabilities
(126,985)
-
(126,985)
1,821,080
28,602
1,849,682
DORKING RUGBY FOOTBALL CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 20 -
19
Movement in funds
Movement in funds
Movement in funds
Balance at
1 July 2022
Incoming resources
Resources expended
Transfers
Balance at
1 July 2023
Incoming resources
Resources expended
Transfers
Balance at
30 June 2024
£
£
£
£
£
£
£
£
£
Unrestricted fund
General fund
1,831,545
539,585
(559,991)
9,941
1,821,080
672,463
(668,380)
-
1,825,163
Restricted funds
Community Rugby Fund
7,739
-
(5,546)
-
2,193
-
(1,238)
-
955
John Douglas Youth Development
22,294
17,744
(16,426)
-
23,612
20,692
(25,167)
-
19,137
Facilities Development Fund
22,311
19,201
(28,774)
(9,941)
2,797
9,108
(4,062)
-
7,843
Total funds
1,883,889
576,530
(610,737)
-
1,849,682
702,263
698,847
-
1,853,098

 

The John Douglas Youth Development Fund has been created to support projects or initiatives primarily benefitting the youth sections, enabling DRFC players to achieve a higher level of performance and enjoyment and to provide a vehicle for many of our passionate supporters to put that bit extra back into the club and the game they love.

 

The Community Development Fund has arisen due to donations which have been specifically gifted in order that the Rugby Club may engage with youngsters in the local community.

 

The Facilities Development Fund has been created to raise funds in order to build a physiotherapy/rehabilition suite at the clubhouse.

DORKING RUGBY FOOTBALL CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 21 -
20
Related party transactions

The company has taken advantage of the exemptions available to it under FRS102 Section 33 not to disclose related party transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transactions is wholly owned by such a member.

 

Mr E C S Ivens, Mr P R Instone and Mr J M Aarvold, trustees of the charity, are also trustees of Brockham Big Field Community Sports Limited. During the year Dorking Rugby Football Club was charged a tenant's contribution of £3,256 (2023: £3,498) net of VAT. As at 30 June 2024 a balance of £3,742 (2023: £4,198) was due to Brockham Big Field Community Sports Limited.

21
Limitation of liability

The liability of the company is limited by guarantee, in the event of dissolution each member will be required to contribute £1.

22
Cash generated from operations
2024
2023
£
£
Surplus/(deficit) for the year
3,416
(34,207)
Adjustments for:
Investment income recognised in statement of financial activities
(1,253)
(377)
Depreciation and impairment of tangible fixed assets
11,630
10,529
Movements in working capital:
(Increase)/decrease in debtors
(12,868)
2,304
(Decrease) in creditors
(11,949)
(27,673)
Cash absorbed by operations
(11,024)
(49,424)
23
Analysis of changes in net (debt)/funds
At 1 July 2023
Cash flows
At 30 June 2024
£
£
£
Cash at bank and in hand
104,301
(21,526)
82,775
Loans falling due within one year
(6,668)
-
(6,668)
Loans falling due after more than one year
(126,985)
3,001
(123,984)
(29,352)
(18,525)
(47,877)
2024-06-302023-07-01falseCCH SoftwareiXBRL Review & Tag 2022.2068113392023-07-012024-06-3006811339bus:Director12023-07-012024-06-3006811339bus:Director22023-07-012024-06-3006811339bus:Director32023-07-012024-06-3006811339bus:Director52023-07-012024-06-3006811339bus:Director62023-07-012024-06-3006811339bus:Director72023-07-012024-06-3006811339bus:Director82023-07-012024-06-3006811339bus:CompanySecretary12023-07-012024-06-30068113392024-06-30068113392023-06-30068113392022-07-012023-06-3006811339bus:FRS1022023-07-012024-06-3006811339bus:IndependentExaminationCharity2023-07-012024-06-3006811339bus:FullAccounts2023-07-012024-06-30xbrli:purexbrli:sharesiso4217:GBP