Page 77 - RFU Annual Report 2015/2016
P. 77
Financial Statements
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32. RFU Injured Players Foundation
The financial results and position of the RFU Injured Players Foundation, which are included in the Group financial
statements, are provided below on the grounds that its funds may only be applied towards its charitable objects and
therefore are material by nature. The RFU Injured Players Foundation’s charitable objects are primarily for the provision
of financial assistance to rugby players who have suffered catastrophic injuries.
2016 2015
Statement of Financial Activities £m £m
Donations received 1.4 1.1
Direct charitable activities (1.6) (1.2)
Operating loss (0.2) (0.1)
Investment income 0.3 0.3
Investment (loss)/gain (0.2) 0.1
(Deficit)/surplus for the year (0.1) 0.3
2016 2015
Balance Sheet £m £m
Investments 7.0 7.0
Debtors 2.1 1.7
Cash at bank and in hand 0.2 0.1
Creditors (2.1) (1.5)
7.2 7.3
Represented by:
Unrestricted funds 1.3 1.5
Restricted funds 5.9 5.8
7.2 7.3
In 2011/12, the IPF became the Trustee of the SPIRE sub-trust whose assets were held in a permanent endowment.
Only the interest generated by this fund is available to be spent by the IPF. In the 2015/16 season, this fund generated
£202,429 of income which was wholly spent on grants made to IPF clients.
Annual Report 2015/16
