Page 77 - RFU Annual Report 2017

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Financial Statements

31. RFU Injured Players Foundation

The financial results and position of the RFU Injured Players Foundation (IPF), 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 achieving
its charitable objective. The primary objective is the provision of financial assistance to rugby players who have
suffered catastrophic injuries.

2017 2016
Statement of financial activities £m £m

Donations received 1.7 1.4
Direct charitable activities (1.7) (1.6)

Operating loss - (0.2)
Investment income - 0.3
Investment gain/(loss) 0.6 (0.2)

Surplus/(deficit) for the year 0.6 (0.1)

2017 2016
Balance sheet £m £m

Investments 7.7 7.1
Debtors 2.4 2.1
Cash at bank and in hand 0.4 0.2
Creditors (2.5) (2.1)

8.0 7.3

Represented by:
Unrestricted funds 2.3 1.3
Restricted funds 5.7 5.9

8.0 7.2

During the 2011/12 year the IPF became the Trustee of the SPIRE sub-trust, whose assets at that time were held in a
permanent endowment. This restriction was lifted on 27 June 2017, which means that going forward the Group is able to
use the capital as well as the income of the fund for its charitable activities.

Annual Report 2017