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OSPREYS IN THE COMMUNITY |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 JUNE 2019 |
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REGISTERED COMPANY NUMBER:
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REGISTERED CHARITY NUMBER:
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OSPREYS IN THE COMMUNITY |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 JUNE 2019 |
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OSPREYS IN THE COMMUNITY |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2019 |
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Page |
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Chairman's Report | 1 |
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Report of the Trustees | 2 | to | 9 |
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Statement of Trustees' Responsibilities | 10 |
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Independent Examiner's Report | 11 |
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Statement of Financial Activities | 12 |
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Balance Sheet | 13 | to | 14 |
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Notes to the Financial Statements | 15 | to | 26 |
OSPREYS IN THE COMMUNITY |
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CHAIRMAN'S REPORT |
FOR THE YEAR ENDED 30 JUNE 2019 |
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On behalf of our Board of Trustees at Ospreys in the Community I would like to congratulate the staff, |
volunteers and all those organisations in the private, public and voluntary sectors for their continued support |
and making the many initiatives being reported on possible! |
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Ospreys In The Community has reached out to the many communities throughout Ospreylia and made a |
difference in terms of Education, a wide range of personal achievement, Health and Well Being and have |
touched the lives of many groups and individuals alike young and not so young! I am certain that the Board of |
Directors at the Ospreys have been extremely impressed by the range of activities and initiatives completed |
and will continue to provide their support and encouragement behind the scenes to ensure that Ospreys In |
The Community will go from strength to strength. |
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On behalf of the Board of Ospreys in the Community |
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K A Napieralla - Trustee |
OSPREYS IN THE COMMUNITY (REGISTERED NUMBER: 09578656) |
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REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30 JUNE 2019 |
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The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their |
report with the financial statements of the charity for the year ended 30 June 2019. The trustees have adopted |
the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to |
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK |
and Republic of Ireland (FRS 102) (effective 1 January 2015). |
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GROUP STRUCTURE |
The charitable company was a subsidiary of Llandarcy Limited (formerly known as Park (Ospreys) Limited), |
which was the sole subscriber and guarantor of the charity. The other subsidiaries of Llandarcy Limited within |
the period were Ospreys Rugby Limited and Bridgend Ravens Rugby Club Limited. |
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On 15 April 2020, Ospreys Rugby Limited replaced Llandarcy Limited as the subscriber and guarantor of the |
charity. |
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OBJECTIVES AND ACTIVITIES |
Objectives and aims |
The objectives of the charity are to promote community participation and provide education in healthy |
recreation by providing facilities for the playing of rugby and other sports in Swansea and the surrounding |
area. |
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Public benefit |
The trustees have referred to the guidance contained in the Charity Commission's general guidance on public |
benefit and have had regard to it when reviewing the aims and objectives of the charity, and in planning its |
future activities. In particular, the trustees consider how planned activities will contribute to the objectives set |
by the charity, specifically the promotion of community participation in healthy recreation by providing facilities |
for the playing of rugby and other sports capable of improving health as well as advancing the education of |
children and young people and improving the wellbeing of all individuals. |
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Volunteers |
Last year the charity had 235 active volunteers all completing a minimum of 10 hours of community |
volunteering. It is estimated (number of volunteer hours x hourly casual employee rate) that the quantified |
benefit to the charity for volunteers' time was approximately £23,000. This amount has not been recognised in |
the accounts. |
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We continue to be ambitious for what we can achieve as an organisation and really make a difference. We |
have achieved several key milestones this year such as becoming more inclusive, increasing our disability |
provision and alternative programmes so that anyone and everyone can engage with us. |
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OSPREYS IN THE COMMUNITY (REGISTERED NUMBER: 09578656) |
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REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30 JUNE 2019 |
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ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
Ospreys in the Community is a not for profit foundation that uses the power of sport and the Ospreys brand to |
empower people across our region to make positive life choices. Whilst sharing a strong relationship, and |
forming a key part of the Ospreys Strategy, Ospreys in the Community operates on an independent basis to |
the professional rugby organisation. |
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Working in conjunction with commercial partners, public sector bodies and third sector agencies to generate |
financial support and resources, our aim is to create a vibrant and sustainable Foundation that utilises the |
undoubted power of the Ospreys brand and players in a positive fashion, to harness social good and make an |
impact in communities and people's lives irrespective of age, ability or gender. |
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Despite being founded less than four years ago, Ospreys In The Community have already worked with over |
150,000 people through a wide range of innovative programmes, contained within our four strategic themes; |
Education, Health, Sport, and Inclusion. |
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EDUCATION |
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TACKLE |
Ospreys in the Community's TACKLE includes several programmes, which are designed to work with |
disaffected young people, aged from 12-24, who are disengaged with school, education or employment. It is |
an engagement initiative which aims to create a better future for young people facing tough challenges. |
TACKLE links enterprise, education and sport to highlight opportunity and potential in young people and is |
designed to develop skills, ability, increase self-esteem and boost confidence. |
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This year has seen the FIRST ever welsh language programme launched at YGG Bryntawe. Big Ideas Wales |
have provided 5 Enterprise workshops. We conducted over 20 workplaces where the learners get to visit local |
companies, organisations, partners to learn about job opportunities, entrepreneurship and being a boss. 67 |
learners gained a range of vocational qualifications and 80% of participants returned to post 16 education or |
employment. |
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Rugby leaders |
The Welsh Rugby Union - Rugby Leaders Qualification has played a bit part in Ospreys In The Community's |
success in primary schools and secondary schools. Officers have delivered the course to 235 secondary |
school pupils all completing a Minimum of 10 hours voluntary coaching back in their local feeder school. |
Adding to their qualification we have introduced a 100 Hour leaders' pathway, allowing budding young |
coaches to track their hours, and gain extra qualifications along the way, with an outcome of being Level 1 |
UKCC qualified. 4 young coaches have completed their hours this year, earning them paid work at our holiday |
camps. The development of these coaches takes them on a journey to becoming a community coach within |
the region and helps us with sustainability of our programmes. |
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'TRY' Schools programme |
Launched in January 2016, the Ospreys Primary Schools Programme underwent a rebrand in 2017/18 |
becoming the TRY Programme. Since its inception it reached over 9000 pupils from multiple classes in 85% |
of the primary schools in the region. During 2018/19 we saw the end of this programme and work began on |
evolving this success into the 'TRY Pi' programme for 2019/20. Both versions of the scheme are based on the |
current curriculum in Wales and moving forward it will reflect the changes and needs of the education sector. |
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SPORT |
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Rugby camps |
The introduction of our Senior camps last year has proved to be a popular decision with 121 13-17-year olds |
taking part in the day which introduces strength and conditioning, rugby skills, and a lifestyle management |
workshop. Aimed at those wanting to take their game to the next level, we encourage this by teaching safe |
techniques to training and recovery. |
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OSPREYS IN THE COMMUNITY (REGISTERED NUMBER: 09578656) |
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REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30 JUNE 2019 |
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Our 3-day camps have seen 360 attendees spend time at the home of the Ospreys, Llandarcy Academy of |
Sport. Whilst training in some of the best facilities around, the children get to make new friends, and meet the |
Ospreys players. As part of our wider programmes, we utilise our young coaches and volunteers to support |
our fully trained coaches; this develops them to become the next generation of community coaches. The |
camps are designed to increase confidence, wellbeing and overall activity levels. |
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Alternative games |
These primary school sessions are an introduction to TAG rugby basics, delivered in years 3, 4, 5 & 6. |
Through a 3-week period, we aim to increase the pupil's activity levels through fun rugby and multi-sports |
games, learning how and why the body warms up, and what happens to their heart rate and breathing as they |
increase their activity levels. At the end of the term, schools will be invited to attend a festival to put all the |
practice into action against other local schools. Approximately 250 sessions were delivered in English |
medium and over 50 sessions in Welsh medium schools. Throughout the year, we saw over 8,000 children |
attend multi-sport festivals and events. |
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HEALTH |
The health pillar aims at utilising sport and exercise to get the nation active, thinking about wellbeing and |
providing opportunities to take part in activities where they may not have been able to before, helping |
contribute to people living well for longer. All our programmes play their part in the health and wellbeing |
agenda, with our education programmes being aligned to the curriculum, helping with mindfulness, |
self-esteem and improving confidence. We encourage individuals to be more active by taking part in our |
practical sessions delivered across the year. In partnership with the ABMU Health Board, Ospreys In The |
Community have helped deliver fun and engaging rugby sessions for people with brain injury or trauma. |
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The weekly sessions at CCYD School in Bridgend provide an opportunity for these individuals to play walking |
rugby and increase their activity levels in a safe, fun environment with people who have been through similar |
paths. We have also been successful in our bid to bring Sporting Memories to Wales in 2019/20 - a first of its |
kind in Wales, we joined forces with Cardiff City Foundation, Glamorgan Cricket and many more in delivering |
the reminiscence dementia programme across Wales. |
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Through our schools education programme, we have delivered over 1,100 hours of healthy eating workshops, |
encouraging participants to be mindful of how food and exercise can help with tiredness, mood and general |
physical health. Warburton's have helped to deliver these classroom-based workshops, to help pupils |
understand the importance of a balanced diet, what each food group can provide to the body and where it |
comes from. |
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INCLUSION |
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Inclusive Community Clubs (ICC) |
#JerseyForAll has been ringing through Ospreylia this year with the introduction of our fantastic 'Inclusive |
Community Clubs', first launched in Heronsbridge School in Bridgend. The weekly sessions are designed for |
anyone and everyone but focussed on children with disabilities to be able to try rugby in a fun, safe and |
inclusive environment. These sessions have proved to be a big hit with children attending both Morriston |
Leisure Centre and Heronsbridge. |
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Disability Sports 6 Nations |
2019 started with our first ever disability festival at Llandarcy. Using the 6 Nations excitement we worked |
closely with schools to plan a large event for all abilities, as an introduction to rugby. Working with the WRU, |
Disability Sport Wales and Neath Port Talbot Group of colleges, Llandarcy played host to 280 children for a |
day of fun and excitement. Participants had a go on our Canterbury Tackle'O'Meter, passing inflatable and |
our TACKLE Cage, including having a go at TAG rugby coached by 50 college students who had recently |
completed their rugby leaders. A fantastic day for all to get involved in, with no barriers. |
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This engagement led onto the delivery of a disability sports day at the LC in partnership with Disability Sport |
Wales. This event saw over 100 children from 10 different local schools. During the day, all the children got |
the opportunity to take part in 10 different sports that included wheelchair rugby and TAG rugby. |
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OSPREYS IN THE COMMUNITY (REGISTERED NUMBER: 09578656) |
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REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30 JUNE 2019 |
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Autism awareness |
Ospreys in the Community has undergone training and is now recognised as an 'Autism Aware Organisation' |
with all staff taking part in the awareness workshop run by National Autism Wales. Ospreys in the Community |
were a sponsor for the National Autism Wales Conference - promoting autistic wellbeing at the liberty stadium |
in 2018. Over 180 delegates attended to take part in workshops and Let's Get Moving activities. |
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FINANCIAL REVIEW |
Financial position |
This was the charity’s 3rd full year of operating and the initiatives and projects undertaken have continued to |
expand from 2017/18. The charity recorded a surplus of £4,506 for the 2018/19 period, compared to a deficit |
of £12,981 in the prior period. |
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Total income for the period continued to increase, as projected at the start of the period. Several of the |
charity’s significant grants ended in 2018, however the charity has been successful in applying for a number |
of new grants to support the activities within the year, and going forward. Overall grant income fell by £19,903 |
compared to the prior period, however this was offset by an increase in operational and commercial income of |
£58,151, mainly as a result of increased ‘One Community Strategy’ funding from the WRU, and increased |
income from local authorities in relation to the delivery of educational programmes. Income from donations |
received increased by £11,956. |
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Expenditure increased by £32,718 from 2017/18. The main contributing factor to this increase was increased |
employment costs, with the average number of employees increasing from 8 to 18, as the charity recruited |
staff to service new projects and initiatives. |
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At the balance sheet date the charity had a deficit on reserves of £19,877. Unrestricted reserves were in |
deficit of £47,094, with restricted reserves surplus being £27,217. |
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Principal funding sources |
The charity receives funding from various sources such as grants, donations, corporate sponsorship revenue, |
and in 2018/19 the charity increased its activity to generate its own funds. The main sources of grant funding |
during the year were the WRU, the Big Lottery Fund from The National Lottery, the Department for Work and |
Pensions, as well as funding from Maesgwyn Windfarm Community Benefits Fund through Onllwyn |
Community Council and Glyneath Town Council. This year the charity has also been successful in being |
awarded tenders from Swansea Council and Neath and Port Talbot College to deliver programmes with |
Education. |
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The charity also generates income from the running of sport festivals and events, summer camps and school |
programmes in the local community. |
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Details of the funds in use during the period can be found in the notes to the financial statements. |
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OSPREYS IN THE COMMUNITY (REGISTERED NUMBER: 09578656) |
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REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30 JUNE 2019 |
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FINANCIAL REVIEW |
Reserves policy |
At the period end the charity had a deficit in reserves of £19,877, including unrestricted reserves deficit of |
£47,094 and restricted reserves of £27,217. Unrestricted reserves relate to funds which have no restriction on |
their use and include monies generated from the running of sport events and general fundraising. |
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It is the policy of the charity that unrestricted funds which have not been designated for a specific use should |
aim to be maintained at a level equivalent to between three and six-month's expenditure. The trustees |
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 charity's current activities while consideration is given to ways in which additional funds |
may be raised. |
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The trustees recognise that the balance sheet position, in relation to the unrestricted reserves deficit, needs |
to be addressed and have taken steps to resolve this by seeking to source increased unrestricted funding |
through corporate sponsorship and service contracts, as well as donations from group companies. Over the |
coming years, the trustees will be aiming to increase the charities reserves in line with the company policy |
and current projections show that this will be achieved within the next 24 months. The March 2020 |
management accounts show that the unrestricted reserve deficit has been eliminated and the unrestricted |
reserve stood at £10,651 at the end of March 2020. |
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Going concern |
During the period from July 2019 to March 2020, the charity had recorded a surplus of £79,513; £57,744 of |
this related to unrestricted funds, with the remainder relating to restricted funds. The charity’s reserves as at |
March 2020 totalled £59,637. The unrestricted reserve deficit had been eliminated and the reserve amounted |
to £10,651. The restricted reserves amounted to £48,986. These results were in line with the charity’s |
strategic plan and projections. |
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The pandemic has meant that the ability of the charity to raise funds from its various activities has been |
curtailed. However, the charity has also significantly reduced its expenditure, as most expenditure is driven by |
income generation. The notes to the accounts set out the detailed assessment of the use of the going |
concern basis. The charity has the confirmed support of fellow group companies, who have donated an |
additional sum of £36,000 into the charity since the year end and, should the pandemic continue to curtail the |
charity’s activities, the trustees have received assurances that the group companies will provide cash support |
to reduce the burden of fixed costs of the charity. |
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The trustees currently consider that the current and projected financial position of the charity is satisfactory |
and therefore the going concern risk has been satisfactorily addressed. |
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OSPREYS IN THE COMMUNITY (REGISTERED NUMBER: 09578656) |
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REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30 JUNE 2019 |
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FUTURE PLANS |
Sporting Memories |
Ospreys in the Community have been successful in helping bring Sporting Memories to Wales, helping those |
caring for or living with Dementia. Using sport as the conversation to encourage individuals to talk and |
introduce gentle exercise. The aim is fo 20 groups across Swansea, and Neath and Port Talbot by 2022. |
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Disability World Cup |
Following the success of this year's Disability 6 Nations, we will be riding on the excitement of the Rugby |
World Cup for our fully inclusive event back at Llandarcy! |
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New schools programme launch |
Our popular schools programme is having a makeover, currently in its pilot phase. We will be launching in |
early 2020, a curriculum linked programme will revolved around the Sony Raspberry PI, giving pupils the |
chance to create their own computer game! |
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Homeless rugby |
Talks have started on how we form a homeless rugby team as a support mechanism for those less fortunate |
and in need of support. We hope to provide various opportunities or outlets across the region for all to be |
involved. |
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Walking rugby |
Being able to stay in rugby isn't always easy, with injury, work, age etc. Walking rugby groups are being set up |
across the region to overcome age and ability and allow people to connect through sport into later life, |
increasing activity levels, help with stress and mental health and providing opportunities. |
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Impact report |
We will be carrying out an impact report and a new 5-year Ospreys in the Community strategy will be |
developed. |
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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. |
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Management |
The charity is administered and managed by elected committee members and trustees, in accordance with its |
constitution. The charities trustees are shown on page 8. |
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The parent company has the ultimate control over the charity, and the trustees are responsible for the |
management of the charities day to day activities. |
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Some of the trustees are also board members for Ospreys Rugby Limited; the trustees and members have |
given due consideration to the Charity Commission’s guidance on conflicts of interest and have sufficient |
policies in place to mitigate any risk. |
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Recruitment and appointment of new trustees |
New trustees are elected by existing trustees to provide the board with the skills necessary to operate the |
charity and achieve its objectives. All trustees have been appointed on a skills basis. Since appointment, they |
follow an induction process that highlights the following areas; roles and responsibilities, company values, |
3-year strategy and areas of development. All of the current trustees have previously been trustees with other |
charities and therefore are able to bring a lot of experience to the Ospreys in the Community board. |
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OSPREYS IN THE COMMUNITY (REGISTERED NUMBER: 09578656) |
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REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30 JUNE 2019 |
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STRUCTURE, GOVERNANCE AND MANAGEMENT |
Risk management |
The trustees have identified and reviewed the risks to which the charity is exposed and have implemented |
appropriate systems and controls to manage those risks. |
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The main financial risk facing the charity is the sourcing of funds, the charity's main sources of income are |
grants, operational income in relation to contracts won through successful tenders, as well as corporate |
sponsorship. The trustees have attempted to mitigate this risk by diversifying income streams to ensure that |
the charity is not reliant on one source of income. The trustees continue to actively seek new opportunities for |
external funding. |
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REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
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Registered Charity number |
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Registered office |
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Trustees |
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Company Secretary |
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Independent Examiner |
Gerald Thomas |
Chartered Accountants |
3 New Mill Court |
Swansea Enterprise Park |
Swansea |
SA7 9FG |
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EVENTS SINCE THE END OF THE YEAR |
Information relating to events since the end of the year is given in the notes to the financial statements. |
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OSPREYS IN THE COMMUNITY (REGISTERED NUMBER: 09578656) |
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REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30 JUNE 2019 |
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This report has been prepared in accordance with the special provisions of Part 15 of Companies Act 2006 |
relating to small companies. |
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Approved by order of the board of trustees on
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OSPREYS IN THE COMMUNITY |
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STATEMENT OF TRUSTEES' RESPONSIBILITIES |
FOR THE YEAR ENDED 30 JUNE 2019 |
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The trustees (who are also the directors of Ospreys in the Community for the purposes of company law) are |
responsible for preparing the Annual Report and the financial statements in accordance with applicable law |
and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). |
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Company law requires the trustees to prepare financial statements for each financial year which give a true |
and fair view of the state of affairs of the charitable company and of the incoming resources and application of |
resources, including the income and expenditure, of the charitable company for that period. In preparing those |
financial statements, the trustees are required to |
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- | select suitable accounting policies and then apply them consistently; |
- | observe the methods and principles in the Charity SORP; |
- | make judgements and estimates that are reasonable and prudent; |
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitable company will continue in business. |
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The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy |
at any time the financial position of the charitable company and to enable them to ensure that the financial |
statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of |
the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and |
other irregularities. |
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The trustees are responsible for the maintenance and integrity of the corporate and financial information |
included on the charitable company's website. |
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
OSPREYS IN THE COMMUNITY (REGISTERED NUMBER: 09578656) |
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Independent examiner's report to the trustees of Ospreys in the Community ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended |
30 June 2019. |
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Responsibilities and basis of report |
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are |
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act |
2006 ('the 2006 Act'). |
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Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the |
2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's |
accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my |
examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the |
2011 Act. |
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Independent examiner's statement |
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I |
can confirm that I am qualified to undertake the examination because I am a registered member of for and on |
behalf of Gerald Thomas which is one of the listed bodies. |
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I have completed my examination. I confirm that no matters have come to my attention in connection with the |
examination giving me cause to believe: |
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1. |
accounting records were not kept in respect of the Company as required by section 386 of the 2006
Act; or |
2. | the accounts do not accord with those records; or |
3. |
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than
any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or |
4. |
the accounts 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)). |
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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 accounts to be |
reached. |
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John Evans FCA |
for and on behalf of Gerald Thomas |
Gerald Thomas |
Chartered Accountants |
3 New Mill Court |
Swansea Enterprise Park |
Swansea |
SA7 9FG |
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29 June 2020 |
OSPREYS IN THE COMMUNITY |
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STATEMENT OF FINANCIAL ACTIVITIES |
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) |
FOR THE YEAR ENDED 30 JUNE 2019 |
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PERIOD |
1/6/17 |
YEAR ENDED | TO |
30/6/19 | 30/6/18 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 2 |
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Charitable activities | 4 |
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Other trading activities | 3 |
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Total |
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EXPENDITURE ON |
Charitable activities | 5 |
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Other |
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Total |
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NET INCOME/(EXPENDITURE) | ( |
) |
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( |
) |
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Transfers between funds | 19 | 7,152 | (7,152 | ) | - | - |
Net movement in funds | ( |
) |
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( |
) |
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RECONCILIATION OF FUNDS |
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Total funds brought forward | ( |
) |
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( |
) | ( |
) |
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TOTAL FUNDS CARRIED FORWARD | ( |
) |
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( |
) | (24,383 | ) |
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CONTINUING OPERATIONS |
All income and expenditure has arisen from continuing activities. |
OSPREYS IN THE COMMUNITY (REGISTERED NUMBER: 09578656) |
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BALANCE SHEET |
30 JUNE 2019 |
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2019 | 2018 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 14 |
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CURRENT ASSETS |
Debtors | 15 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 16 | ( |
) | ( |
) | ( |
) | ( |
) |
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NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
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( |
) | ( |
) |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
) |
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( |
) |
( |
) |
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CREDITORS |
Amounts falling due after more than one year | 17 |
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( |
) |
|
NET ASSETS/(LIABILITIES) | ( |
) |
|
( |
) | ( |
) |
FUNDS | 19 |
Unrestricted funds | (47,096 | ) | (38,694 | ) |
Restricted funds | 27,220 | 14,311 |
TOTAL FUNDS | (19,876 | ) | (24,383 | ) |
|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019. |
|
|
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006. |
|
|
The trustees acknowledge their responsibilities for |
(a) |
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387
of the Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the charitable
company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
|
OSPREYS IN THE COMMUNITY (REGISTERED NUMBER: 09578656) |
|
BALANCE SHEET - continued |
30 JUNE 2019 |
|
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
|
|
The financial statements were approved by the Board of Trustees and authorised for issue on
and were signed on its behalf by: |
|
|
|
|
|
|
OSPREYS IN THE COMMUNITY |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2019 |
|
|
1. | ACCOUNTING POLICIES |
|
Statutory information |
The Ospreys in the Community is a charitable company, limited by guarantee, registered in England & |
Wales. The charitable company's registered number and registered office address can be found in the |
Trustees' Report. |
|
The presentation currency of the financial statements is the Pound Sterling (£). |
|
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 accounts in |
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS |
102) (effective 1 January 2015)', 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. |
|
Going concern |
The charity is reliant on the ability to continue to source income streams, whether by way of grants, |
donations or other operational income. Grants and sponsorship contracts are generally awarded for 12 |
month periods that coincide with the accounting reference date and the rugby season. Therefore there |
is inherent uncertainty in relation to the securing of grant income sources after June 2020, this is |
especially the case during the current coronavirus epidemic. It is not possible at the present time to |
estimate the impact of the epidemic on the next season's funding. |
|
If future income levels were to fall short of budget and no alternative funding could be sourced, the |
charity would be forced to reduce staffing numbers and service levels in order to continue operating |
within its ongoing funding sources. |
|
The charity is reliant upon the support of its fellow group companies, especially in relation to short term |
cash flow and the use of shared facilities. The trustees have received assurances from group |
companies that cash flow support, by way of donations, will be available to address any shortfall in |
projected surpluses. |
|
At the current time the charity has suspended its activities in line with government restrictions in |
relation to the epidemic. The charity does not have any significant fixed costs and therefore it has been |
able to significantly reduce costs during the lockdown. The charity has sufficient cash reserves to |
continue in its current state for the foreseeable future. Therefore the trustees continue to adopt the |
going concern basis. |
|
Significant judgements and estimates |
The trustees make estimates and assumptions concerning the future. The resulting accounting |
estimates will, by definition, seldom equal the related actual results. The estimates and assumptions |
that have a significant risk of causing material adjustments to the carrying amounts of assets and |
liabilities within the next year are addressed below: |
|
i. Doubtful debts are reviewed on a regular basis and considered for write-off provision if the balance |
has been dormant for a significant period. Write-off is only provided when recoverability is considered |
remote. |
|
ii. The income recognition policy results in judgements being made with regard to project performance. |
Contractual targets and detailed KPIs are selected as appropriate in order to recognise income during |
the year. |
|
OSPREYS IN THE COMMUNITY |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2019 |
|
|
1. | ACCOUNTING POLICIES - continued |
|
Income |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the |
income, it is probable that the income will be received and the amount can be measured reliably. The |
following specific policies are applied to the particular categories of income: |
|
Non-performance related grants and donations |
Grants and donations are recognised when the charity has unconditional entitlement to the |
resource. |
Contractual income and sponsorship agreements |
Such income is recognised in the period in which the underlying goods or services were delivered. |
Income derived from the provision of services is stated after trade discounts, other sales taxes and |
net of VAT. |
Performance related grants |
Grant income is recognised when the charity earns the right to consideration by its performance. |
|
Gifts in kind |
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount |
actually realised, if such gifts are subsequently disposed of or realised. |
|
Donated services or facilities |
Such amounts are recognised as income and expenditure when the benefit to the charity can be |
reasonably quantified or measured and is considered material to the charity except in the case of |
volunteers where these have been disclosed in a note to the accounts. |
|
Financial instruments |
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial |
instruments. Basic financial instruments are recognised at transaction value and subsequently |
measured at their settlement value. |
|
Expenditure |
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation |
committing the charity to that expenditure, it is probable that a transfer of economic benefits will be |
required in settlement and the amount of the obligation can be measured reliably. Expenditure is |
accounted for on an accruals basis and has been classified under headings that aggregate all cost |
related to the category. Where costs cannot be directly attributed to particular headings they have been |
allocated to activities on a basis consistent with the use of resources. |
|
Allocation and apportionment of costs |
All costs are allocated between the expenditure categories on a basis designed to reflect the use of |
that resource. |
|
Support and governance costs |
Governance costs comprise of all costs involving the public accountability of the charity and its |
compliance with regulation and good practice. These costs include costs related to the independent |
examination and legal fees. Support costs include all management and administrative costs of the |
charity. |
|
Charitable activities |
Costs of charitable activities comprise all costs incurred in the pursuit of the charitable objects of the |
charity. |
|
Tangible fixed assets |
Fixed assets costing £250 or more (including VAT) are capitalised and stated at cost less accumulated |
depreciation calculated so as to write off their cost less any residual value over their expected useful |
lives. Depreciation is provided at the following annual rates: |
OSPREYS IN THE COMMUNITY |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2019 |
|
|
1. | ACCOUNTING POLICIES - continued |
|
Tangible fixed assets |
|
Computer Equipment and Fixtures and Fittings - 25% straight line |
|
All fixed assets are employed in the furtherance of the charity's objectives. |
|
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
|
Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the |
trustees. |
|
Restricted funds can only be used for particular restricted purposes within the objects of the charity. |
Restrictions arise when specified by the donor or when funds are raised for particular restricted |
purposes. |
|
Further explanation of the nature and purpose of each fund is included in the notes to the financial |
statements. |
|
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight |
line basis over the period of the lease. |
|
Pension costs and other post-retirement benefits |
The charitable company operates a defined contribution pension scheme. Contributions payable to the |
charitable company's pension scheme are charged to the Statement of Financial Activities in the |
period to which they relate. |
|
2. | DONATIONS AND LEGACIES |
PERIOD |
1/6/17 |
YEAR ENDED | TO |
30/6/19 | 30/6/18 |
£ | £ |
Donations |
|
|
Gift aid | 314 | - |
|
|
|
OSPREYS IN THE COMMUNITY |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2019 |
|
|
3. | OTHER TRADING ACTIVITIES |
PERIOD |
1/6/17 |
YEAR ENDED | TO |
30/6/19 | 30/6/18 |
£ | £ |
Operational income |
|
|
Sponsorship | 46,317 | 46,705 |
Tournaments, competitions and other events | 16,384 | 5,802 |
Other income | 5,089 | 5,059 |
|
|
|
4. | INCOME FROM CHARITABLE ACTIVITIES |
PERIOD |
1/6/17 |
YEAR ENDED | TO |
30/6/19 | 30/6/18 |
Activity | £ | £ |
Grants | Charitable activities | 65,465 | 85,368 |
|
Grants received, included in the above, are as follows: |
|
YEAR ENDED 30/6/19 |
|
PERIOD
1/6/17 TO 30/6/18 |
£ | £ |
BT | - | 22,843 |
Big Lottery | 10,137 | 5,000 |
Welsh Assembly Government | - | 11,680 |
Cyngor Cymuned Onllywyn Community Council | 11,014 | - |
Glyneath Town Council | 11,014 | - |
WCVA | 7,152 | 34,768 |
Department for Work and Pensions | 14,500 | - |
Other grants | 11,648 | 11,077 |
65,465 | 85,368 |
|
OSPREYS IN THE COMMUNITY |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2019 |
|
|
5. | CHARITABLE ACTIVITIES COSTS |
Direct | Support |
Costs (see | costs (see |
note 6) | note 7) | Totals |
£ | £ | £ |
Charitable activities | 276,790 | 10,961 | 287,751 |
|
6. | DIRECT COSTS OF CHARITABLE ACTIVITIES |
PERIOD |
1/6/17 |
YEAR ENDED | TO |
30/6/19 | 30/6/18 |
£ | £ |
Staff costs | 208,958 | 170,453 |
Rental and hire of facilities | 10,773 | 4,255 |
Events and competitions | 10,202 | - |
Training | 3,671 | 3,418 |
School programmes | 7,513 | 15,331 |
Rugby camps | 18,066 | 19,067 |
Monitoring and evaluation | 150 | 44 |
Other project costs | 6,898 | 12,679 |
Image rights | - | 11,187 |
Travel expenses | 10,559 | 8,380 |
276,790 | 244,814 |
|
7. | SUPPORT COSTS |
|
|
YEAR ENDED 30/6/19 |
|
PERIOD
1/6/17 TO 30/6/18 |
£ | £ |
Depreciation - owned assets | 1,154 | 976 |
Bank charges | 630 | 716 |
Advertising | 3,292 | 4,552 |
Sundries | 301 | 702 |
Telephone | 2,197 | 1,462 |
Post and stationary | 409 | 883 |
Management costs | 132 | 833 |
Bad debts | 2,067 | - |
Loan interest | 780 | - |
10,962 | 10,124 |
|
OSPREYS IN THE COMMUNITY |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2019 |
|
|
8. | NET INCOME/(EXPENDITURE) |
|
|
YEAR ENDED 30/6/19 |
|
PERIOD
1/6/17 TO 30/6/18 |
Governance costs: | £ | £ |
Independent examiner's fee | 2,200 | 2,000 |
Legal costs | 1,645 | 1,939 |
3,845 | 3,939 |
|
9. | TRUSTEES' REMUNERATION AND BENEFITS |
|
There were no trustees' remuneration or other benefits for the year ended 30 June 2019 nor for the |
period ended 30 June 2018. |
|
|
Trustees' expenses |
|
There were no trustees' expenses paid for the year ended 30 June 2019 nor for the period ended |
30 June 2018. |
|
|
10. | STAFF COSTS |
PERIOD |
1/6/17 |
YEAR ENDED | TO |
30/6/19 | 30/6/18 |
£ | £ |
Wages and salaries |
|
|
Social security costs |
|
|
Other pension costs |
|
|
208,958 | 170,453 |
|
The average monthly number of employees during the year was as follows: |
|
PERIOD |
1/6/17 |
YEAR ENDED | TO |
30/6/19 | 30/6/18 |
Employees |
|
|
|
|
|
OSPREYS IN THE COMMUNITY |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2019 |
|
|
11. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
funds | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
|
|
|
|
Charitable activities |
|
|
|
|
|
Other trading activities |
|
|
|
Total |
|
|
|
|
|
EXPENDITURE ON |
Charitable activities |
|
|
|
|
|
Other |
|
|
|
Total |
|
|
|
|
NET INCOME/(EXPENDITURE) | ( |
) |
|
( |
) |
|
|
RECONCILIATION OF FUNDS |
|
Total funds brought forward | (16,687 | ) | 5,285 | ( |
) |
|
TOTAL FUNDS CARRIED FORWARD | (38,694 | ) | 14,311 | (24,383 | ) |
|
12. | VOLUNTEERS |
|
The value of volunteers' time given within the year is estimated with reference to the recorded number |
of volunteer hours multiplied by the estimated hourly rate that an employee would have been paid for |
carrying out the service. The quantified benefit to the charity for volunteers' time was £23,000 (2018 - |
£14,000). This amount has not been recognised in the financial statements. |
|
13. | KEY MANAGEMENT PERSONNEL |
|
Key management personnel are considered to be those personnel who are not trustees but sit within |
key operational and strategic roles. The total employee benefits of the key management personnel |
were £24,347 (2018 - £44,641). |
|
OSPREYS IN THE COMMUNITY |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2019 |
|
|
14. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 July 2018 and 30 June 2019 |
|
|
|
DEPRECIATION |
At 1 July 2018 |
|
|
|
Charge for year |
|
|
|
At 30 June 2019 |
|
|
|
NET BOOK VALUE |
At 30 June 2019 |
|
|
|
At 30 June 2018 |
|
|
|
|
15. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
Prepayments |
|
|
|
|
|
16. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Bank loans and overdrafts (see note 18) |
|
|
Other loans (see note 18) |
|
|
Trade creditors |
|
|
Social security and other taxes |
|
|
VAT | 6,383 | 3,705 |
Other creditors |
|
|
Deferred income |
|
|
Accrued expenses |
|
|
|
|
|
DEFERRED INCOME |
|
Deferred income includes grants, sponsorship and other service related income. Grants may be |
deferred where performance related conditions have not been met at the balance sheet date. |
Sponsorship and service income in recognised in the period to which it relates. |
|
Movements in deferred income are as follows: |
2019 | 2018 |
£ | £ |
Opening balance brought forward | 4,000 | 19,857 |
Income released to the statement of financial activities | (4,000 | ) | (19,857 | ) |
Income deferred during the period | (12,963 | ) | 4,000 |
OSPREYS IN THE COMMUNITY |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2019 |
|
|
16. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued |
|
Balance carried forward | 12,963 | 4,000 |
|
17. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2019 | 2018 |
£ | £ |
Other loans (see note 18) |
|
2,122 |
|
18. | LOANS |
|
An analysis of the maturity of loans is given below: |
|
2019 | 2018 |
£ | £ |
Amounts falling due within one year on demand: |
Bank overdraft |
|
|
Other loans | - | 15,030 |
|
|
Amounts falling between one and two years: |
Other loans |
|
|
|
The current year bank balance for unrestricted funds amounted to £22,001 overdrawn and £33,195 in |
hand in relation to restricted funds, resulting in net cash in hand at the balance sheet date of £11,194. |
|
The prior period loan balances include a £10,000 bridging loan from the WRU; the balance was |
interest free and repayable on demand. The remaining balance was in relation to the repayable |
element of employment grant funding; the balance was interest free and repayable in instalments. Both |
loans were unsecured. |
|
19. | MOVEMENT IN FUNDS |
Net | Transfers |
movement | between | At |
At 1/7/18 | in funds | funds | 30/6/19 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | (38,694 | ) | (15,554 | ) | 7,152 | (47,096 | ) |
|
Restricted funds |
BT grant
|
|
5,358 | (3,555 | ) | - | 1,803 |
Wheelchair rugby | 8,353 | (2,067 | ) | - | 6,286 |
Employment grant | - | 7,152 | (7,152 | ) | - |
Big Lottery | 600 | (580 | ) | - | 20 |
Schools Hub Officer grants | - | 19,111 | - | 19,111 |
14,311 | 20,061 | (7,152 | ) | 27,220 |
TOTAL FUNDS | (24,383 | ) | 4,507 | - | (19,876 | ) |
OSPREYS IN THE COMMUNITY |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2019 |
|
|
19. | MOVEMENT IN FUNDS - continued |
|
Net movement in funds, included in the above are as follows: |
|
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 235,681 | (251,235 | ) | (15,554 | ) |
|
Restricted funds |
BT grant
|
|
- | (3,555 | ) | (3,555 | ) |
Wheelchair rugby | - | (2,067 | ) | (2,067 | ) |
Employment grant | 7,152 | - | 7,152 |
Big Lottery | 12,094 | (12,674 | ) | (580 | ) |
DWP2 | 14,500 | (14,500 | ) | - |
Schools Hub Officer grants | 22,028 | (2,917 | ) | 19,111 |
Other restrcited income | 4,648 | (4,648 | ) | - |
60,422 | (40,361 | ) | 20,061 |
TOTAL FUNDS | 296,103 | (291,596 | ) | 4,507 |
|
|
Comparatives for movement in funds |
|
Net |
movement | At |
At 1/6/17 | in funds | 30/6/18 |
£ | £ | £ |
Unrestricted funds |
General fund | (16,687 | ) | (22,007 | ) | (38,694 | ) |
|
Restricted funds |
BT grant
|
|
- | 5,358 | 5,358 |
Wheelchair rugby | 5,285 | 3,068 | 8,353 |
Big Lottery | - | 600 | 600 |
5,285 | 9,026 | 14,311 |
TOTAL FUNDS | (11,402 | ) | (12,981 | ) | (24,383 | ) |
OSPREYS IN THE COMMUNITY |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2019 |
|
|
19. | MOVEMENT IN FUNDS - continued |
|
Comparative net movement in funds, included in the above are as follows: |
|
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 167,851 | (189,858 | ) | (22,007 | ) |
|
Restricted funds |
BT grant
|
|
22,843 | (17,485 | ) | 5,358 |
Wheelchair rugby | 3,754 | (686 | ) | 3,068 |
Employment grant | 34,768 | (34,768 | ) | - |
WAG Welsh Language | 11,680 | (11,680 | ) | - |
Big Lottery | 5,000 | (4,400 | ) | 600 |
78,045 | (69,019 | ) | 9,026 |
TOTAL FUNDS | 245,896 | (258,877 | ) | (12,981 | ) |
|
The funds included above which are designated as unrestricted are general funds that are available for |
use at the trustees' discretion in furtherance of the objectives of the charitable company. |
|
The restricted funds above are held for the following purposes: |
|
BT grant |
This grant is in relation to the "Tackle" project. Tackle aims to create the first fully collaborative |
community rugby activity & education programme in joint partnership across all four Welsh regions that |
delivers pathways to education & opportunity through inspiration of rugby with dedicated staff to deliver. |
|
Millennium grant wheelchair |
This grant is in relation to the wheelchair rugby project. The project's aim is to fund taster sessions at |
local community venues across 3 local authorities. The project is aimed at including 8 - 16 year olds |
with physical and mental disabilities. |
|
Employment grant |
The employment grant was provided to assist in funding the recruitment and retaining of three new |
employees. |
|
WAG Welsh Language |
This fund is in relation to the promotion of the welsh language. |
|
Big Lottery Fund |
This fund was awarded for use in running a leadership programme for disadvantaged younger people. |
Specifically to fund leadership awards, tutor training and equipment. |
|
Department for Work and Pensions |
The funding is to be utilised to help create a partnership which aims to improve employment outcomes, |
or prospects of future employment for long-term unemployed individuals. |
|
Schools Hub Officer |
OSPREYS IN THE COMMUNITY |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2019 |
|
|
19. | MOVEMENT IN FUNDS - continued |
|
The fund is in relation to the employment of a schools Hub Officer whose role is to develop, deliver, |
and co-ordinate a programme of rugby activities with the aim of increasing participation in rugby in |
schools and improving the general wellbeing and academic achievement of those involved. |
|
Other restricted income |
The fund includes various smaller restricted grants and donations for a variety of purposes. |
|
Transfers between funds |
|
The transfer from restricted to unrestricted funds during the year relates to a surplus in relation to a |
grant which has ended. All grant conditions have been satisfied and therefore the remaining surplus |
has been transferred to the general fund. |
|
20. | RELATED PARTY DISCLOSURES |
|
During the year, the charity received income from and incurred costs of £41,492 (2018 - £11,544) and |
£19,129 (2018 - £15,511) respectively in relation to Ospreys Rugby Limited. |
|
The charity also received short term loans from Ospreys Rugby Limited totalling £nil (2018 - 12,000). |
|
At the balance sheet date, there were amounts owed to Ospreys Rugby Limited totalling £nil (2018 - |
£10,202). The balances are interest free, unsecured and repayable on demand. |
|
21. | POST BALANCE SHEET EVENTS |
|
Since the balance sheet date, the charity’s management accounts show unrestricted surpluses of |
£57,744. This includes £36,000 of group company support via donations and £21,744 of operating |
surpluses. The unrestricted reserve deficit has been eliminated and the unrestricted reserve stands at |
£10,651 at the end of March 2020. |
|
22. | ULTIMATE CONTROLLING PARTY |
|
The controlling party was Llandarcy Limited (formerly known as Llandarcy Park (Ospreys) Limited), |
which was the sole subscriber and guarantor of the charity. |
|
On 15 April 2020, Ospreys Rugby Limited replaced Llandarcy Limited as the subscriber and guarantor |
of the charity. |
|
The principal activity of Ospreys Rugby Limited is the operation of a professional rugby regional team, |
together with associated activities. Llandarcy Limited was the holding company for Ospreys Rugby |
Limited. |
|
The registered office address of Llandarcy Limited and Ospreys Rugby Limited is: |
|
Liberty Stadium, |
Landore, |
Swansea, |
SA1 2FA |