5 7 Chelmsford Rugby Football Club 06964485 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is that of a Rugby Club. Digita Accounts Production Advanced 6.30.9574.0 true 06964485 2023-09-01 2024-08-31 06964485 2024-08-31 06964485 core:CapitalRedemptionReserve 2024-08-31 06964485 core:ForeignCurrencyTranslationReserve 2024-08-31 06964485 core:FurtherSpecificReserve1ComponentTotalEquity 2024-08-31 06964485 core:MergerReserve 2024-08-31 06964485 core:OtherMiscellaneousReserve 2024-08-31 06964485 core:RetainedEarningsAccumulatedLosses 2024-08-31 06964485 core:RevaluationReserve 2024-08-31 06964485 core:SharePremium 2024-08-31 06964485 core:CurrentFinancialInstruments 2024-08-31 06964485 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 06964485 core:FurnitureFittingsToolsEquipment 2024-08-31 06964485 core:LandBuildings 2024-08-31 06964485 core:MotorVehicles 2024-08-31 06964485 core:OtherPropertyPlantEquipment 2024-08-31 06964485 bus:SmallEntities 2023-09-01 2024-08-31 06964485 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 06964485 bus:FilletedAccounts 2023-09-01 2024-08-31 06964485 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 06964485 bus:RegisteredOffice 2023-09-01 2024-08-31 06964485 bus:Director13 2023-09-01 2024-08-31 06964485 bus:Director14 2023-09-01 2024-08-31 06964485 bus:Director15 2023-09-01 2024-08-31 06964485 bus:Director2 2023-09-01 2024-08-31 06964485 bus:CompanyLimitedByGuarantee 2023-09-01 2024-08-31 06964485 bus:Agent1 2023-09-01 2024-08-31 06964485 core:CapitalRedemptionReserve 2023-09-01 2024-08-31 06964485 core:ForeignCurrencyTranslationReserve 2023-09-01 2024-08-31 06964485 core:FurtherSpecificReserve1ComponentTotalEquity 2023-09-01 2024-08-31 06964485 core:MergerReserve 2023-09-01 2024-08-31 06964485 core:OtherMiscellaneousReserve 2023-09-01 2024-08-31 06964485 core:RetainedEarningsAccumulatedLosses 2023-09-01 2024-08-31 06964485 core:RevaluationReserve 2023-09-01 2024-08-31 06964485 core:SharePremium 2023-09-01 2024-08-31 06964485 core:FurnitureFittings 2023-09-01 2024-08-31 06964485 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 06964485 core:LandBuildings 2023-09-01 2024-08-31 06964485 core:MotorVehicles 2023-09-01 2024-08-31 06964485 core:OfficeEquipment 2023-09-01 2024-08-31 06964485 core:OtherPropertyPlantEquipment 2023-09-01 2024-08-31 06964485 core:ToolsEquipment 2023-09-01 2024-08-31 06964485 countries:AllCountries 2023-09-01 2024-08-31 06964485 2023-08-31 06964485 core:CapitalRedemptionReserve 2023-08-31 06964485 core:ForeignCurrencyTranslationReserve 2023-08-31 06964485 core:FurtherSpecificReserve1ComponentTotalEquity 2023-08-31 06964485 core:MergerReserve 2023-08-31 06964485 core:OtherMiscellaneousReserve 2023-08-31 06964485 core:RetainedEarningsAccumulatedLosses 2023-08-31 06964485 core:RevaluationReserve 2023-08-31 06964485 core:SharePremium 2023-08-31 06964485 core:FurnitureFittingsToolsEquipment 2023-08-31 06964485 core:LandBuildings 2023-08-31 06964485 core:MotorVehicles 2023-08-31 06964485 core:OtherPropertyPlantEquipment 2023-08-31 06964485 2022-09-01 2023-08-31 06964485 2023-08-31 06964485 core:CurrentFinancialInstruments 2023-08-31 06964485 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 06964485 core:FurnitureFittingsToolsEquipment 2023-08-31 06964485 core:LandBuildings 2023-08-31 06964485 core:MotorVehicles 2023-08-31 06964485 core:OtherPropertyPlantEquipment 2023-08-31 06964485 core:CapitalRedemptionReserve 2022-09-01 2023-08-31 06964485 core:ForeignCurrencyTranslationReserve 2022-09-01 2023-08-31 06964485 core:FurtherSpecificReserve1ComponentTotalEquity 2022-09-01 2023-08-31 06964485 core:MergerReserve 2022-09-01 2023-08-31 06964485 core:OtherMiscellaneousReserve 2022-09-01 2023-08-31 06964485 core:RetainedEarningsAccumulatedLosses 2022-09-01 2023-08-31 06964485 core:RevaluationReserve 2022-09-01 2023-08-31 06964485 core:SharePremium 2022-09-01 2023-08-31 06964485 2022-08-31 06964485 core:CapitalRedemptionReserve 2022-08-31 06964485 core:ForeignCurrencyTranslationReserve 2022-08-31 06964485 core:FurtherSpecificReserve1ComponentTotalEquity 2022-08-31 06964485 core:MergerReserve 2022-08-31 06964485 core:OtherMiscellaneousReserve 2022-08-31 06964485 core:RetainedEarningsAccumulatedLosses 2022-08-31 06964485 core:RevaluationReserve 2022-08-31 06964485 core:SharePremium 2022-08-31 xbrli:pure iso4217:GBP

Registrar

Registration number: 06964485

Chelmsford Rugby Football Club

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Chelmsford Rugby Football Club

Contents

Company Information

1

Balance Sheet

2 to 3

Statement of Changes in Equity

4

Notes to the Unaudited Financial Statements

5 to 9

 

Chelmsford Rugby Football Club

Company Information

Directors

M J R Burley

D M Ashbourne

T C Rowe

G J Rowe

Registered office

Chelmsford RFC
Coronation Park
Timsons Lane
Chelmsford
Essex
CM2 6AG

Bankers

HSBC Bank Plc
99 High Street
Chelmsford
Essex
CM1 1EQ

Accountants

Lambert Chapman LLP
Chartered Accountants3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

 

Chelmsford Rugby Football Club

(Registration number: 06964485)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

432,174

446,408

Current assets

 

Stocks

5

7,355

6,807

Debtors

6

40,865

7,591

Cash at bank and in hand

 

145,537

149,338

 

193,757

163,736

Creditors: Amounts falling due within one year

7

(73,919)

(59,025)

Net current assets

 

119,838

104,711

Net assets

 

552,012

551,119

Reserves

 

Mini Development Fund

3,348

3,222

Capital Expenditure Fund

55,341

35,900

Women's Fund

1,446

1,583

Accumulated Fund

479,536

488,615

Hardship Fund

 

1,938

1,938

Richard Payne Senior Players Medical Fund

 

5,364

11,080

Men's Fund

 

5,039

8,781

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:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Chelmsford Rugby Football Club

(Registration number: 06964485)
Balance Sheet as at 31 August 2024

Approved and authorised by the Board on 7 May 2025 and signed on its behalf by:
 

M J R Burley
Director

D M Ashbourne
Director

T C Rowe
Director

G J Rowe
Director

 

Chelmsford Rugby Football Club

Statement of Changes in Equity for the Year Ended 31 August 2024

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
£

At 1 September 2023

3,222

35,900

1,938

1,583

8,781

11,080

-

488,615

551,119

Surplus for the year

-

-

-

-

-

-

-

893

893

Transfers

126

19,441

-

(137)

(3,742)

(5,716)

-

(9,972)

-

At 31 August 2024

3,348

55,341

1,938

1,446

5,039

5,364

-

479,536

552,012


 

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
£

At 1 September 2022

2,624

36,661

1,938

1,583

-

9,930

7,269

501,249

561,254

Deficit for the year

-

-

-

-

-

-

-

(12,634)

(12,634)

Transfers

598

(761)

-

-

8,781

1,150

(7,269)

-

2,499

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

1

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: Chelmsford RFC, Coronation Park, Timsons Lane, Chelmsford, Essex, CM2 6AG.

These financial statements were authorised for issue by the Board on 7 May 2025.

2

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:

Asset class

Depreciation method and rate

Fixtures and fittings

15% straight line method

Long leasehold

2% straight line method

Equipment

15% straight line method

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 7).

 

Chelmsford Rugby Football Club

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Tangible assets

Land and buildings
£

Office equipment
 £

Fixtures and fittings
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 September 2023

648,843

6,978

59,232

38,386

753,439

At 31 August 2024

648,843

6,978

59,232

38,386

753,439

Depreciation

At 1 September 2023

206,156

6,771

56,411

37,693

307,031

Charge for the year

12,977

69

920

268

14,234

At 31 August 2024

219,133

6,840

57,331

37,961

321,265

Carrying amount

At 31 August 2024

429,710

138

1,901

425

432,174

At 31 August 2023

442,687

207

2,821

693

446,408

 

Chelmsford Rugby Football Club

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

5

Stocks

2024
£

2023
£

Other inventories

7,355

6,807

6

Debtors

2024
£

2023
£

Trade debtors

13,966

-

Prepayments

23,603

4,717

Other debtors

3,296

2,874

40,865

7,591

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

10,245

20,333

Taxation and social security

3,733

224

Accruals and deferred income

7,526

2,538

Other creditors

52,415

35,930

73,919

59,025