Page 83 - RFU Annual Report 2018

8
FINANCIAL STATEMENTS

1

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 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.

2018 2017
Statement of financial activities £m £m

Donations received 1.4 1.7
Direct charitable activities (1.9) (1.7)

Operating loss (0.5) -
Investment income 0.3 -
Investment gain 0.1 0.6

(Deficit)/surplus for the year (0.1) 0.6

2018 2017
Balance sheet £m £m

Investments 7.8 7.7
Debtors 2.4 2.4
Cash at bank and in hand 0.5 0.4
Creditors (2.8) (2.5)

7.9 8.0

Represented by:
Unrestricted funds 2.2 2.3
Restricted funds 5.5 5.7

7.9 8.0

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

Annual
Report
2018