Page 76 - RFU Annual Report 2017

74
Financial Statements

Notes to the Financial Statements continued

30. Rugby Football Foundation

The financial results and position of the Rugby Football Foundation (RFF), which are included in the Group financial
statements, are provided below on the grounds that its funds may only be utilised in the pursuit of its charitable objectives.
The objectives are as follows: to promote community participation in healthy recreation, provide and assist in providing
facilities for sport, recreation and leisure time and to advance the education of children and young people.

Statement of financial activities 2017 2016
£m £m

Donations received 30.8 28.6
Direct charitable activities (30.4) (26.9)
Business and administration - (0.5)
Grants to clubs (0.4) (0.3)

Surplus for the year - 0.9

2017 2016
Balance sheet £m £m

Loans due from clubs 7.7 7.7
Debtors 10.5 1.1
Cash at bank and in hand 1.4 1.6
Loan due to Group undertakings (17.6) (7.2)
Creditors falling due within one year - (1.3)

2.0 1.9

Represented by:
Unrestricted funds 1.4 0.4
Restricted funds 0.6 1.5
2.0 1.9

Annual Report 2017