Registrar
Registration number:
Chelmsford Rugby Football Club
(A company limited by guarantee)
for the Year Ended 31 August 2024
Chelmsford Rugby Football Club
Contents
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Company Information |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
Chelmsford Rugby Football Club
Company Information
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Directors |
M J R Burley D M Ashbourne T C Rowe G J Rowe |
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Registered office |
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Bankers |
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Accountants |
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Chelmsford Rugby Football Club
(Registration number: 06964485)
Balance Sheet as at 31 August 2024
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Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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( |
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Net current assets |
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Net assets |
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Reserves |
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Mini Development Fund |
3,348 |
3,222 |
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Capital Expenditure Fund |
55,341 |
35,900 |
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Women's Fund |
1,446 |
1,583 |
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Accumulated Fund |
479,536 |
488,615 |
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Hardship Fund |
1,938 |
1,938 |
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Richard Payne Senior Players Medical Fund |
5,364 |
11,080 |
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Men's Fund |
5,039 |
8,781 |
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Surplus |
552,012 |
551,119 |
For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Chelmsford Rugby Football Club
(Registration number: 06964485)
Balance Sheet as at 31 August 2024
Approved and authorised by the
Director
Director
Director
Director
Chelmsford Rugby Football Club
Statement of Changes in Equity for the Year Ended 31 August 2024
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Mini Dev Fund |
Capital Expenditure fund |
Hardship Fund |
Women's Fund |
Men's Fund |
Richard Payne Senior Players Medical Fund |
Centenary Fund |
Accumulated Fund |
Total |
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At 1 September 2023 |
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- |
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Surplus for the year |
- |
- |
- |
- |
- |
- |
- |
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Transfers |
126 |
19,441 |
- |
(137) |
(3,742) |
(5,716) |
- |
(9,972) |
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At 31 August 2024 |
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- |
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Mini Dev Fund |
Capital Expenditure fund |
Hardship Fund |
Women's Fund |
Men's Fund |
Richard Payne Senior Players Medical Fund |
Centenary Fund |
Accumulated Fund |
Total |
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At 1 September 2022 |
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- |
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Deficit for the year |
- |
- |
- |
- |
- |
- |
- |
( |
( |
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Transfers |
598 |
(761) |
- |
- |
8,781 |
1,150 |
(7,269) |
- |
2,499 |
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At 31 August 2023 |
3,222 |
35,900 |
1,938 |
1,583 |
8,781 |
11,080 |
- |
488,615 |
551,119 |
Chelmsford Rugby Football Club
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024
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General information |
The company is a company limited by guarantee, incorporated in England & Wales, and consequently does not have share capital. Every member of the Club has undertaken to contribute to the assets of the Club, in the event of the Club being wound up whilst being a member, or within one year after ceasing to be a member for payment of the debts and liabilities of the Club contracted before their membership ceased and of the costs, charges and expenses on winding up for an amount not exceeding £1.
If upon the winding up or dissolution of the Club there remains funds after the settling of all its debts and liabilities and property, these funds shall be paid or distributed to another registered Community Amateur Sports Club for rugby union, to the RFU for use in community related rugby union initiatives or to a charitable organisation.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention.
These financial statements are presented in Sterling (£), which is the company's functional currency.
Revenue recognition
Turnover represents income received by the Club by way of its main business activities which include bar, catering and clothing sales, subscriptions, sponsorship, donations and various smaller income streams, the majority of which is generated by its members. The majority of income is received on a cash basis as and when it falls due.
Tax
Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Chelmsford Rugby Football Club
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.
Chelmsford Rugby Football Club
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024
Depreciation
Depreciation is charged so as to write off the cost or valuation of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Fixtures and fittings |
15% straight line method |
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Long leasehold |
2% straight line method |
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Equipment |
15% straight line method |
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Office equipment |
15% straight line method |
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services delivered in the ordinary course of its activities.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Stock includes bar and merchandise items.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of its activities from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Chelmsford Rugby Football Club
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024
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Tangible assets |
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Land and buildings |
Office equipment |
Fixtures and fittings |
Other tangible assets |
Total |
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Cost or valuation |
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At 1 September 2023 |
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At 31 August 2024 |
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Depreciation |
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At 1 September 2023 |
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Charge for the year |
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At 31 August 2024 |
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Carrying amount |
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At 31 August 2024 |
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At 31 August 2023 |
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Chelmsford Rugby Football Club
Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024
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Stocks |
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2024 |
2023 |
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Other inventories |
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Debtors |
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2024 |
2023 |
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Trade debtors |
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- |
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Prepayments |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
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2024 |
2023 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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