Company registration number 08167993 (England and Wales)
Charity registration number 1149105 (England and Wales)
ARMY RUGBY UNION TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
ARMY RUGBY UNION TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
J Cook Obe Phd Chairperson
A Geary HM Forces
G Malec HM Forces
M Wilding HM Forces
Country of incorporation
United Kingdom
08167993
(England and Wales)
Charity registration
England and Wales
1149105
Registered office
Army Rugby Union Mackenzie Building
Fox Lines
Queens Avenue
Aldershot
Hampshire
United Kingdom
GU11 2LB
Auditor
Turner & Co
10a White Hart Parade
London Road
Camberley
Surrey
UK
GU17 9AD
ARMY RUGBY UNION TRUST
CONTENTS
Page
Statement Of Responsibilities report
1 - 6
Independent auditor's report
7 - 8
Statement of financial activities
9
Balance sheet
10
Statement of cash flows
11
Notes to the financial statements
12 - 22
ARMY RUGBY UNION TRUST
STATEMENT OF RESPONSIBILITIES REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 AUGUST 2025
- 1 -

The present their annual report and financial statements for the year ended 31 August 2025.

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 's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".

Objectives and activities
ARMY RUGBY UNION TRUST
STATEMENT OF RESPONSIBILITIES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 2 -

The aim of the ARU is to promote and foster the game of Rugby Union in the Army and its civilian military communities in accordance with the Laws of the Game promulgated by World Rugby rules, regulations and bylaws issued by the Rugby Football Union (RFU).

 

Nothing in this constitution shall authorise an application of the property of the Charity for the purposes which are not charitable in accordance with section 7 of the Charities and Trustees Investment (Scotland) Act 2005 and Section 2 of the Charities Act (Northern Ireland) 2008.

 

To meet the aim the ARU shall pursue the following objectives:

 

. General - Provide an infrastructure for Army Rugby such that no potential participant is denied the opportunity to play, coach or referee at the highest level possible.

 

. Governance- The ARU Management Board that is voted into office by its members annually at the Annual General Meeting shall conduct the affairs of the Union in a financially and responsible way, so that it remains compliant with the Charity Commission and Companies House laws and as detailed in the paragraphs below.

 

. Representative Rugby- Select and maintain at Senior, Women's, Development Academy and Master's levels Fifteen and Sevens team, as appropriate and agreed, to represent the Army. To provide a standard of rugby that will develop and promote those with talent for higher honours. In addition, the ARU shall seek to support the work of the UKAF Rugby Football Club Committee.

 

. Community Rugby - Organise and run annually, the Army clubs in the UK, the ARU Premiership and Championship leagues to provide a competitive element throughout the season irrespective of the ability of the participants; the rules of thess competitions are reviewed and published annually on the appropriate page of the ARU web site. In addition the ARU may approve or organise other competitions which support the aim of the ARU, including:

 

. The Inter Corps League Tables

. The Army Inter Corps Fifteens Championship, and

.    The Army sevens Tournament.

 

. Coaching - Maintain a formal coaching structure to improve and thereafter sustain the standards throughout the Army and to provide a structure for the advancement of coaches.

 

. Referees - maintain the Army Rugby Union Referees Society (ARURS) to improve and sustain the standards of refereeing in the Army. To facilitate the training, development and advancement and referees and to the appropriate links with the UKAF Rugby Referees and other referee's societies.

 

. Finance - maintain a sound financial base, thereby providing the best service to Rugby Union in the Army, within budget, and in accordance with the priorities agreed by the Management Board.

 

. Marketing and Engagement - Market the ARU as a positive contributor to the 'lived experience' and the opportunities available to Army sports personnel who seek to compete and succeed at the highest level they can. Where we can, offer ARU representative fixtures to be used as Engagement Events to support the Army's INFORM and ATTRACT.

 

. Relations with the RFU- Maintain a close and binding relationship with the RFU, taking all appropriate measures to promote Army Rugby at national and international levels, and seeking opportunities to support the RFU' s community rugby initiative.

 

. Injury and Safety - Promote standards of play and discipline such that all players and officials are placed at the least possible risk, whilst ensuring that all participating teams are fully insured via the RFU insurance scheme.

 

. Reviews- The Objectives of the ARU are reviewed by the Management Board, as required, and by the Council annually. If agreed, any recommended changes are to be announced at the Annual General Meeting. Agreed objectives based on paragraph 3 and 4 above are to be promulgated to members of Union through the Annual Management Plan.

 

. Maintaining a diversified leadership approach the Army Rugby Union Charitable Trust maintains on course to continue the development of the strategic plan for the period 2022-2025 which has been modified, at its core will see the development of military community rugby, further enhancing the charity's role ans significance in the local military garrison communities. Going forward we will do this with a clear purpose: "To engage and inspire our military community through rugby."

 

Conclusion

 

The Army Rugby Union (ARU) trustees has considered the three year post Covid 19 financial recovery plan and the declining revenue from the Army V Navy ticket sales and considers the company will be able to meet its liabilities as they fall due over the coming 12 month, and hence these financial statements are prepared on a going concern basis.

 

The ARU trustees acknowledge that their accounts are in a healthy state of affairs however they will monitor the impact the impact of declining revenue from ticket sales and or sponsorship on the activities of the ARU Charitable Trust.

 

 

ARMY RUGBY UNION TRUST
STATEMENT OF RESPONSIBILITIES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 3 -
Public benefit

The have paid due regard to guidance issued by the Charity Commission in deciding what activities the should undertake.

Achievements and performance
Significant activities and achievements against objectives
Financial review

Financial position

The Trust witnessed an excess of income over expenditure for the year ended 31 August 2025 of £27,652.

 

Investment policy and objectives

The Trust has wide powers of investment. The Director of Finance is restricted in the structure of the investment portfolio by policy decisions made from time to time by the Trustees at the quarterly meetings. The overall investment policy is one of long-term capital growth to maintain the purchasing power of the Trust.

 

 

 

Reserves policy

It is the policy of the that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the ’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Reserve policy

The Management Board continue to endorse a revised Reserve Strategy to grow the Trust's Reserves to cover one year's annual net operating costs. The policy complies with SORP.

 

The ARU is controlled and directed by the Management Board which should meet at least four times a year to monitor in year performance, to decide policy. The Management Board endorses the annual allocation of funds prepared by the Director of Finance following internal budget screenings to representative teams, community competitions and other charitable bodies as decided appropriate by the Board.

 

The ARU Trust employs two pensionable permanent staff- the Director of Finance, and the Communications Officer. The full-time Chief Operating Officer and Assistant Operations Officer are employed by the Army Sports Control Board, but they work directly for the ARU Management Board.

Major risks

Financial and risk management objectives and policies

Risks are considered by the Management Board and the key risks remain the continuing success of the annual Army v Navy game and a loss of sponsorship. The reserve policy is designed to ensure to that sufficient reserves are retained to cover at least one year of operating cost.

 

Factors likely to affect future financial performance

Future plans

The management board remain focussed on promoting and governing Rugby Union in the Army through the maintenance of stable structures for the game that enable its successful development at all levels. This is to be achieved by increase levels of funding to the community area of the Trust. The management board endorsed policy of a balanced budget remains extant.

ARMY RUGBY UNION TRUST
STATEMENT OF RESPONSIBILITIES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 4 -
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.

 

Organisational structure

The ARU Management Board is responsible for managing the affairs of the Trust, determine policy and has full power over the use, disposition and investment of the ARU Funds. It meets at least four times per year and each Director, as listed below, takes the lead on their respective area.

 

The , who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

 

ChairmanVice Chairman/ RFUouncil Member

Director of Representative Rugby

Director of Marketing

Director ofCommunityComm

munity Rugby Director of Rugby Development Non-Executive Director of Finance

Non-Executive Director of Marketing Non-Executive Director of Operations

Non-Executive Director of Community Rugby

 

In addition to the ARU Management Board, the ARU Council acts as a forum at which all elements of the game are represented. Affiliated clubs, within the ARU are entitled to vote at the AGM The bye-laws of the ARU can only be added to, amended, or rescinded with the consent of at least two thirds of the members present at a General Meeting.

 

Trustees

J Cook Obe Phd Chair Person A Geary Hm Forces

G Malec Hm Forces

Major G E Stonebridge-Smith MB Hm Forces A Teasdale Operations Manager

M Wilding Hm Forces

 

 

 

J Cook Obe Phd Chairperson
A Geary HM Forces
G Malec HM Forces
Major G E Stonebridge-Smith MB HM Forces
(Resigned 9 October 2025)
A Teasdale Operations Manager
(Resigned 9 October 2025)
M Wilding HM Forces
ARMY RUGBY UNION TRUST
STATEMENT OF RESPONSIBILITIES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 5 -
Recruitment and appointment of trustees

Induction and training of new trustees

New appointees' induction training is personalised to meet the requirements of the appointee: with the advent of amendments to the Trustees & Charities Acts,many serving personnel will have already received training/attended courses relating to the Duties of Trustees as part of their professional development or have attended Trustee Training relating to other Charitable activities.

 

The majority of the ARU officials are serving British Army personnel, with the exception of the ARU secretariat, which is staffed by 4 permanent staff; the ARU Chief Operations Officer and Assistant Operations Officer, funded by the Army Sports Control Board, and the Director of Finance and Communications Officer funded by the charity. The majority of posts within the ARU are advertised on the ARU website inviting volunteers to be considered for selection: all Management Board appointments are re-appointed at the AGM.

The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).

 

The company's current policy concerning the payment of trade creditors is to:

 

Statement of Statement of responsibilities responsibilities

The trustees, who are also the directors of Army Rugby Union Trust for the purpose of company law, Are responsible for preparing the Statement Of Responsibilities Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the are required to:

- select suitable accounting policies and then apply them consistently;

- observe the methods and principles in the Charities SORP;

- make judgements and estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the will continue in operation.

The are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

In accordance with the company's articles, a resolution proposing that Turner & Co be reappointed as auditor of the company will be put at a General Meeting.

ARMY RUGBY UNION TRUST
STATEMENT OF RESPONSIBILITIES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 6 -

The Statement of responsibilities report was approved by the Board of .

J Cook Obe Phd Chairperson
5 December 2025
ARMY RUGBY UNION TRUST
INDEPENDENT AUDITOR'S REPORT
TO THE  OF ARMY RUGBY UNION TRUST
- 7 -

Opinion

We have audited the financial statements of Army Rugby Union Trust (the ‘’) for the year ended 31 August 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

-

give a true and fair view of the state of the charitable company's affairs as at 31 August 2025 and of its incoming resources and application of resources, for the year then ended;

-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-

have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 27 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Statement of responsibilities use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the ’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

 

Our responsibilities and the responsibilities of the with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

 

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

-

the information given in the financial statements is inconsistent in any material respect with the Statement of responsibilities report; or

-

sufficient accounting records have not been kept; or

-

the financial statements are not in agreement with the accounting records; or

-

we have not received all the information and explanations we require for our audit.

ARMY RUGBY UNION TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE  OF ARMY RUGBY UNION TRUST
- 8 -
Statement of Responsibilities

As explained more fully in the statement of Statement of responsibilities responsibilities, the trustees, who are also the directors of the for the purpose of company law are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the are responsible for assessing the ’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Margaret Turner (Senior Statutory Auditor)
For and on behalf of Turner & Co, Statutory Auditor
Chartered Accountants
10a White Hart Parade
London Road
Camberley
Surrey
GU17 9AD
UK
5 December 2025

Turner & Co is eligible for appointment as auditor of the by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

ARMY RUGBY UNION TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2025
- 9 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2025
2025
2025
2024
2024
2024
Notes
£
£
£
£
£
£
Income from:
Donations and legacies
3
317,448
-
317,448
388,517
-
388,517
Charitable activities
4
522,984
-
522,984
565,164
-
565,164
Investments
5
44,880
-
44,880
56,610
-
56,610
Total income
885,312
-
885,312
1,010,291
-
1,010,291
Expenditure on:
Raising funds
6
44,530
-
44,530
222,523
-
222,523
Charitable activities
7
813,559
6,662
820,221
718,713
6,662
725,375
Total expenditure
858,089
6,662
864,751
941,236
6,662
947,898
Net gains/(losses) on investments
14
429
-
429
23,567
-
23,567
Net income/(expenditure) and movement in funds
27,652
(6,662)
20,990
92,622
(6,662)
85,960
Reconciliation of funds:
Fund balances at 1 September 2024
1,953,055
128,842
2,081,897
1,860,433
135,504
1,995,937
Fund balances at 31 August 2025
1,980,707
122,180
2,102,887
1,953,055
128,842
2,081,897

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

ARMY RUGBY UNION TRUST
BALANCE SHEET
AS AT
31 AUGUST 2025
31 August 2025
- 10 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
16
266,273
280,850
Investments
17
204,388
398,175
470,661
679,025
Current assets
Debtors
18
17,556
1,004
Cash at bank and in hand
1,633,670
1,461,911
1,651,226
1,462,915
Creditors: amounts falling due within one year
19
(19,000)
(60,043)
Net current assets
1,632,226
1,402,872
Total assets less current liabilities
2,102,887
2,081,897
The funds of the
Restricted income funds
21
122,180
128,842
Unrestricted funds
22
1,980,707
1,953,055
2,102,887
2,081,897

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, 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 on 5 December 2025
J Cook Obe Phd Chairperson
ARMY RUGBY UNION TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2025
- 11 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash (absorbed by)/generated from operations
25
(67,336)
30,244
Investing activities
Purchase of investments
(8,962)
(10,617)
Proceeds from disposal of  investments
203,178
-
Investment income received
44,880
56,610
Net cash generated from investing activities
239,096
45,993
Net cash generated from financing activities
-
-
Net increase in cash and cash equivalents
171,760
76,237
Cash and cash equivalents at beginning of year
1,461,911
1,385,674
Cash and cash equivalents at end of year
1,633,670
1,461,911
Relating to:
Cash at bank and in hand
1,633,670
1,461,911
ARMY RUGBY UNION TRUST
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 12 -
1
Accounting policies
Charity information

Army Rugby Union Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is Army Rugby Union Mackenzie Building, Fox Lines, Queens Avenue, Aldershot, Hampshire, GU11 2LB, United Kingdom.

1.1
Basis of preparation

The financial statements have been prepared in accordance with the 's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the . Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation fixed asset investments and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the have a reasonable expectation that the has adequate resources to continue in operational existence for the foreseeable future. Thus the 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 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.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the .
1.4
Income
Income is recognised when the is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the 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.

Legacies are recognised on receipt or otherwise if the has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
ARMY RUGBY UNION TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 13 -
1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

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
amortised over the period of the lease
Fixtures and fittings
20% straight line
Computers
3 years straight line

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 transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8
Impairment of fixed assets

At each reporting end date, the 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 include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10
Financial instruments

The has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the 's balance sheet when the 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.

ARMY RUGBY UNION TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 14 -
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.

Basic financial liabilities

Basic financial liabilities, including creditors 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 ’s contractual obligations expire or are discharged or cancelled.

1.11
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Critical accounting estimates and judgements

In the application of the ’s accounting policies, the are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Income from donations and legacies
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Donations and gifts
317,448
388,517
ARMY RUGBY UNION TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
3
Income from donations and legacies
(Continued)
- 15 -
4
Income from charitable activities
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Sporting events, affiliation prize and other fees
Sporting events
495,519
540,472
Prize money
750
2,000
Affiliation fees
2,650
3,020
Other charitable income
24,065
19,672
522,984
565,164
5
Income from investments
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Income from listed investments
-
7,333
Income from unlisted investments
8,962
5,706
Charitable deposit interest
35,918
43,571
44,880
56,610
6
Expenditure on raising funds
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Fundraising and publicity
Advertising
40,392
215,730
Other fundraising costs
4,138
6,793
44,530
222,523
ARMY RUGBY UNION TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 16 -
7
Expenditure on charitable activities
Total
Total
2025
2024
£
£
Direct costs
Staff costs
109,832
131,161
Depreciation and impairment
14,577
14,685
Sporting events
403,222
194,571
Clothing formal
107,018
128,849
Training equipment
9,600
35,852
Medical
15,518
21,240
Accomodation, messing & subsistence
61,321
88,902
Vehicle costs
11,399
6,667
Presentations & training
766
8,648
733,253
630,575
Grant funding of activities (see note 9)
67,955
63,645
Share of support and governance costs (see note 10)
Support
19,013
31,155
820,221
725,375
Analysis by fund
Unrestricted funds
813,559
718,713
Restricted funds
6,662
6,662
820,221
725,375
8
Description of charitable activities

To promote and foster the game of Rugby Union in the Army and its civilian military communities in accordance with the Laws of the Game promulgated by World Cup Rugby rules, regulations and bylaws issue by the Rugby Football Union (RFU).

9
Grants payable
Heading #ac982
Heading #ac982
2025
2024
£
£
Grants to institutions:
Other
8,806
6,071
Grants to individuals
59,149
57,574
-
ARMY RUGBY UNION TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 17 -
10
Support costs allocated to activities
2025
2024
£
£
Insurance
1,146
572
Light & Heat
1,070
1,849
Telephone
1,300
828
Printing, postage & stationery
-
55
Media
2,856
1,306
Website
1,465
1,242
Bank charges
2,426
1,538
Governance costs
8,750
23,765
19,013
31,155
Analysed between:
Unrestricted funds
19,013
31,155
11
Net movement in funds
2025
2024
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements
8,000
20,890
Depreciation of owned tangible fixed assets
14,577
14,685
12
None of the  (or any persons connected with them) received any remuneration or benefits from the during the year.
13
Employees

The average monthly number of employees during the year was:

2025
2024
Number
Number
2
2
Employment costs
2025
2024
£
£
Wages and salaries
109,832
129,615
Social security costs
-
738
Other pension costs
-
808
109,832
131,161
There were no employees whose annual remuneration was more than £60,000.
ARMY RUGBY UNION TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
13
Employees
(Continued)
- 18 -
Remuneration of key management personnel

The remuneration of key management personnel was as follows:

14
Gains and losses on investments
Unrestricted
Unrestricted
funds
funds
2025
2024
Gains/(losses) arising on:
£
£
Sale of investments
429
23,567
15
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

16
Tangible fixed assets
Leasehold land and buildings
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 September 2024
364,435
59,661
2,491
426,587
At 31 August 2025
364,435
59,661
2,491
426,587
Depreciation and impairment
At 1 September 2024
83,585
59,661
2,491
145,737
Depreciation charged in the year
14,577
-
-
14,577
At 31 August 2025
98,162
59,661
2,491
160,314
Carrying amount
At 31 August 2025
266,273
-
-
266,273
At 31 August 2024
280,850
-
-
280,850
2025
2024
£
£
Short leasehold
266,273
-
ARMY RUGBY UNION TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 19 -
17
Fixed asset investments
Listed investments
Unlisted investments
Total
£
£
£
Cost or valuation
At 1 September 2024
202,749
195,426
398,175
Additions
-
8,962
8,962
Valuation changes
429
-
429
Disposals
(203,178)
-
(203,178)
At 31 August 2025
-
204,388
204,388
Carrying amount
At 31 August 2025
-
204,388
204,388
At 31 August 2024
202,749
195,426
398,175
Fixed asset investments revalued

[Unlisted investments at 31.8.25 are included at market value at that date.

18
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
17,450
-
Prepayments and accrued income
106
1,004
17,556
1,004
19
Creditors: amounts falling due within one year
2025
2024
£
£
Accruals and deferred income
19,000
60,043
20
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
-
808

The operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the in an independently administered fund.

ARMY RUGBY UNION TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 20 -
21
Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 September 2024
Resources expended
At 31 August 2025
£
£
£
Restrictive funds
128,842
(6,662)
122,180
Previous year:
At 1 September 2023
Resources expended
At 31 August 2024
£
£
£
Resttricted funds
135,504
(6,662)
128,842
22
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 September 2024
Incoming resources
Resources expended
Gains and losses
At 31 August 2025
£
£
£
£
£
unrestricred funds
1,953,055
885,312
(858,089)
429
1,980,707
Previous year:
At 1 September 2023
Incoming resources
Resources expended
Gains and losses
At 31 August 2024
£
£
£
£
£
Unrestricted funds
1,860,433
1,010,291
(941,236)
23,567
1,953,055
ARMY RUGBY UNION TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 21 -
23
Analysis of net assets between funds
Unrestricted
Restricted
Total
funds
funds
2025
2025
2025
£
£
£
At 31 August 2025:
Tangible assets
144,093
122,180
266,273
Investments
204,388
-
204,388
Current assets/(liabilities)
1,632,226
-
1,632,226
1,980,707
122,180
2,102,887
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
At 31 August 2024:
Tangible assets
152,008
128,842
280,850
Investments
398,175
-
398,175
Current assets/(liabilities)
1,402,872
-
1,402,872
1,953,055
128,842
2,081,897
24
Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

25
Cash (absorbed by)/generated from operations
2025
2024
£
£
Surplus for the year
20,990
85,960
Adjustments for:
Investment income recognised in statement of financial activities
(44,880)
(56,610)
Gain on disposal of investments
(429)
(23,568)
Depreciation and impairment of tangible fixed assets
14,577
14,685
Movements in working capital:
(Increase)/decrease in stocks
110
(Increase)/decrease in debtors
(16,552)
2,484
(Decrease)/increase in creditors
(41,043)
7,183
Cash (absorbed by)/generated from operations
(67,337)
30,244
Difference
(110)
49,263
Per cash flow statement page
(67,447)
79,507
ARMY RUGBY UNION TRUST
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 22 -
26
Analysis of changes in net funds

The had no material debt during the year.

27
Non-audit services provided by auditor

In common with many businesses of our size and nature we use our auditor to assist with the preparation of the financial statements.

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