ROYAL NAVY RUGBY UNION

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Gibson Whitter

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Trustee succession planning is a sign of good governance and is key in ensuring the Board of Trustees has a diverse range of skills, experience and knowledge to enable it to continue to be highly effective. We welcomed a new trustee this year and have benefited significantly from the new skills that they have brought to the board. The Trustees have continued to review expenditure, and through good governance, diligence and planning continue to ensure the charity can appropriately respond to any financial challenges presented. Notwithstanding that, we believe that it remains appropriate to plan on a going concern basis. Despite the challenges faced, we have made significant progress and laid a strong foundation for future success. The Trustee Board, based on the above information, has concluded that it remains appropriate to prepare these financial statements on the going concern basis.”

Group structure

1. ROYAL NAVY RUGBY UNION · parent
   1. Navy Rugby Limited · trading activities

Significant events

• “This report covers the year to 30 September 2024. This is the third full year of operating since the pandemic and for our Representative teams there were many successes on the pitch.”
• “The Mariners delivered an impressive array of performances and won the Inter-Service Championship for the first time in nine years.”
• “The Senior Men's team produced a final showcase of Military rugby at the Army v Navy fixture at Twickenham, narrowly beaten in the final minutes.”
• “The Women's Senior team had a competitive encounter with the RAF and finished the season playing at Twickenham Stadium for the third time.”
• “For the community area, we saw an increase in grassroots rugby participation, across various sessions and festivals, marking a significant rise from the previous year. The introduction of new competitions, such as the Tri-Service 7s, and the continued success of existing ones like Beach Rugby, have enhanced community engagement and participation.”
• “However, there was a reduction in the number of unit and regional fixtures played, which can be attributed to player availability and operational commitments.”
• “Financial stability for the RNRU was maintained through prudent management, despite lower-than-expected revenue from our key fixture at Twickenham.”
• “The effects of the pandemic are still evident with ticket sales falling again this year resulting in only two of the three stadium tiers being used.”
• “The consolidated group's net assets increased by £141k, rising from £832k on 30 September 2023 to £973k at 30 September 2024.”
• “Cash balances increasing by £277k due to income received in advance, which is included in current liabilities.”
• “The outstanding Sports Lottery loan was partially repaid (£5k) and is budgeted for full repayment over the next seven years.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -12%

  £1,239,036 → £1,090,294

• Cash

  +30.4%

  £911,098 → £1,187,706

• Net assets

  +16.9%

  £832,009 → £972,576

• Employees

  0%

  4 → 4

• Wages

  -2.6%

  £131,925 → £128,454

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers