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2022-08-31-accounts

Reference and Administrative
Details		 Reference and Administrative
Details
Chairman's
Report
Report ofthe Trustees
Statement
ofTrustees'		 Responsibilities
Report ofthe Independent
Auditors		 12
Statement
of Financial		 Activities 16
Balance Sheet 17
Cash Flow Statement
Notes to the Financial Statements 19

Trustees H D Cooze —resigned H D Cooze —resigned H D Cooze —resigned 31 May 2022 31 May 2022
S Davies —appointed 29 March 2022
LAJ Dineen —resigned 31 May 2022
R Edwards-Symmons —resigned 9August 2022
C Harris
D R Jones
SJ McDonald
J Morris —resigned 31 May 2022
A Rhodes
C Staples
R Storer —appointed 7 September 2022
L Trundle —appointed 29 March 2022
J Wilshire
J Winter
Secretary D RJones
Registered (and principal) office Swansea. Com Stadium
Landore
Swansea
SA1 2FA
Registered company number 06714819(England and Wales)
Registered charity number 1126933
Independent Auditors MHA
Chartered
Accountants		 and Statutory Auditor
3 New
Mill Court
Swansea
Enterprise		 Park
Swansea
SA7 9FG
Bankers Barclays Bank Pic
262 Oxford Street
Swansea
SA1 3BR

Notes Restricted Unrestricted 2022 Total 2021 Total
funds funds funds funds
E E E
Income and
endowments
from
Donations
and legacies		 32,360 108,875 141,235 134,571
Charitable
activities		 713,295 125,035 838,330 675,180
Investment
income		 17 17 260
Total income 745,655 233,927 979,582 810,011
Expenditure
on
Charitable
activities		 722,262 213,982 936,244 818,963
Other 16,550 16,550 15,388
Total expenditure 722,262 230,532 952,794 834,351
Net 23,393 3,396 26,788 (24,340)
(expenditure)/income
Exceptional cost 19 (74,984)
Transfers
between		 funds
Reconciliation
of		 funds
Total funds brought forward 15 90,250 648,068 738,318 837,642
Total funds carried 15
forward 113,643 651,464 765,107 738,318
BALANCE SHEET BALANCE SHEET
Notes 2022 2021
E E
Tangible fixed assets 10 27,582 32,557
Current assets
Debtors 56,487 57,759
Cash at bank and in hand 723,026 764,298
779,513 822,057
Creditors
Amounts
falling due within one year		 12 41,988 104,796
Net current assets 737,525 717,261
Accruals and deferred income 11,500
Net assets 765,107 738,318
Funds
Unrestricted funds 15 651,464 648,068
Restricted
funds		 15 113,643 90,250
Total funds 765,107 738,318

Notes 2022 2021
E E
Cash flows from operating activities (31,873) (23,576)
Cash flows from investment activities
Interest received
Purchase
oftangible		 fixed assets 17
~9,416		 260
~22,382
Net cash provided
byl(used		 in) investing (9,399) (22,122)
activities
Change
in cash and		 cash equivalents in
the reporting
period		 (41,272) (45,698)
Cash and equivalent at the beginning of the 764,298 809,996
reporting
period
Cash and cash equivalents at the end of 723,026 764,298
the reporting
period

. Donations
and legacies
Restricted Unrestricted 2022 2021
funds funds Total Total
F
Core funding
EFL —Core 35,000 35,000 35,000
PL - Core 65,000 65,000 65,000
EFL —Business Development 8,000 8,000
EFL —Other 875 875
Other income
Swansea
City AFC —Kit		 16,527 16,527 17,339
Kickstart 10,433 10,433
FAW Trust 5,400 5,400
Police Crime Commissioner 17,232
Total 32,360 108,875 141,235 134,571

3. Donations
and		 legacies legacies legacies legacies
For the year ended 31 August 2021
Restricted Unrestricted 202'I
funds funds Total
E
Core funding "I00,000 100,000
Other income 34,571 34,571
Total 34,571 100,000 134,571
4. Income from charitable activities
Restricted Unrestricted 2022 2021
funds funds Total Total
Premier League projects E
PL Kicks Universal 200,000 200,000 183,436
PL Primary Stars 140,000 140,000 141,500
PL Sign up for Success
PL Inspires 70,000 70,000 65,947
PL Kicks Targeted 45,000 45,000 27,567
Other charitable activities
Armed Forces Covenant Fund Trust 35,000 35,000 33,250
Funding
Police Crime Commissioner 100,000 100,000
Active Inclusion 28,974
City & County of Swansea 28,952 3,000 31,952
WGRP Children &Young People 37,506 37,506
Degree Programme 7,500 7,500 10,000
Every Player Counts 8,000 8,000 8,000
You vs Train 4,000
EFL.Kids/Girls
Cup		 1,110 1,110
Furlough
(CJRS		 Scheme) 47,580
Courses,
soccer		 camps & after 108,681 108,681 55,031
school clubs
Hampers
Project		 43,359 43,359 67,189
Fundraising 4,369 3,616 7,984 102
Other 2,238 2,238 2,604
Total 713,295 125,035 838,330 675,180
or the year ende d 31 August 2021
Restricted Unrestricted 2021
funds funds Total
E E
Premier League projects 418,450 418,450
Other charitable activities 141,413 115,317 256,730
Total 559,863 115,317 675,180

NOTES TO THE FINANCIAL STA NOTES TO THE FINANCIAL STA NOTES TO THE FINANCIAL STA TEMENTS
5. Analysis ofexpenditure
Restricted Unrestricted 2022 2021
funds funds Governance Total Total
E E E
Costs
directly		 allocated to
charitable
activities
Wages and coaching 514,581 39,252 553,833 501,377
Training 8,529 1,390 9,919 5,327
Kit and equipment 35,727 3,268 38,996 36,224
Motor, travel and subsistence 28,660 1,448 30,108 7,277
Advertising 349 59'I 940 1,273
Venue hire 37,343 16,847 54,190 29,652
Vehicle hire 36,606 36,606 22,065
Competitions
and		 events 88 2,088 2,176 1,299
Hampers
Project		 30,548 30,548 50,252
Fundraising
expenses
Swans Aid grants and
disbursements
Total direct costs 692,430 64,883 757,314 654,746
Support
costs		 allocated to
charitable
activities
Administrative
salaries		 113,421 113,421 103,189
Pensions 10,101 3,740 13,840 14,324
Audit and accountancy 11,708 11,708 10,893
Insurance 6,004 4,842 10,845 8,501
Equipment
hire		 852 881 1,733 1,733
Telephone 3,239 1,981 5,220 9,265
Printing,
stationery		 and
publications 5,876 1,256 7,132 1,435
Postage 164 164 249
Computer
and software		 1,831 9,030 10,861 9,015
Depreciation 14,391 14,391 15,450
Sundry 1,395 1,017 2,412 3,368
Bank and credit charges 535 3,218 3,753 2,183
Bad debts
Total support costs 29„832 149,099 16,550 195,480 179,605
Total expenditure 722,262 213,982 16,550 952,794 834„351

NOTES TO THE FINANCIAL STATEM
5. Analysis ofexpenditure		 NOTES TO THE FINANCIAL STATEM
5. Analysis ofexpenditure		 NOTES TO THE FINANCIAL STATEM
5. Analysis ofexpenditure		 NOTES TO THE FINANCIAL STATEM
5. Analysis ofexpenditure		 ENTS
For the period ended 31 August 2021
Restricted Unrestricted 2021
funds funds Governance Total
F E F
Costs directly allocated to charitable activities 574,215 80,531 654,746
Support costs allocated to charitable activities 33,144 131,073 15,388 179,605
Total 607,359 211,604 15„388 834,351
6. Net income/(expenditure)
Net income/expenditure is stated after charging: 2022 2021
F F
Auditors'
remuneration		 5,000 5,000
7. Staff costs
2022 2021
F
Salaries and wages 611,305 560,124
Social security costs 53,221 44,442
Pension costs 16,569 14,324
The amount
owed to the		 defined
contribution		 pension scheme at the year-end was F3,497 (2021 —F2,482).
No employee
received emoluments		 of more than F60,000.
The average
number
of employees		 were as follows:
2022 2021
Charitable
activities		 36 28
Administrative
Key management
personnel		 are considered to be those personnel who are not trustees but sit within
key
operational
and strategic		 roles. The total cost ofthe senior management team was as follows:
2022 2021
F F
Key management
personnel		 156,916 143,633
2022 2021
F F
14,266

Restricted Unrestricted Total
funds funds 2021
E E F
Income and endowments from
Donations
and legacies		 34,571 100,000 134,571
Charitable
activities		 559,863 115,317 675,180
Investment
income		 260 260
Total income 594,434 215,577 810,011
Expenditure
on
Charitable
activities		 607,359 211,604 818,963
Other 15,388 15,388
Total expenditure 607,359 226,992 834,351
Net income/(expenditure) 12,925 11,415 24,340
Exceptional cost (74,984) (74,984)
Transfers
between		 funds (144,609) 144,609
Reconciliation
offunds
Total funds brought forward 322,768 514,874 837,642
Total funds carried forward 90,250 64&,068 738,318
10. Tangible fixed assets
Plant 8
Machinery
etc
Cost E
At 1 September 2021 74,297
Additions 9,416
Impairment
At 31 August 2022 83,713
Depreciation
At 1 September 2021 41,740
Charge
in period		 14,391
impairment
At 31 August 2022 56, 132
Net book value at 31August 2022 27,582
Net book value at 31August 2021 32,557

11. Debtors 11. Debtors 11. Debtors
2022 2021
F E
Accrued income 24,000 24,000
Trade debtors 3,450 20,752
Other debtors and prepayments 29,037 13,007
56,487 57,759
12. Creditors: amounts falling due within one year
2022 2021
F
Trade creditors 13,452 7,086
Accrued expenses 13,326 22,724
Grant repayable 74,984
Tax and Social Security 15,210
41,988 104,794
The balances above are payable within one year and are not interest bearing.
13. Deferred Income
2022 2021
E
Deferred Income (performance related grants) 11,500
Reconciliation
ofdeferred		 income movements
2022 2021
F
Balance brought forward 11,500 7,000
Released during the year (11,500) (7,000)
Deferred during the year 11,500
Balance carried forward 11,500
14. Analysis of net assets between funds
Restricted Unrestricted Total
funds funds funds
E E
Tangible fixed assets 21,656 5,926 27,582
Current assets (excluding cash at bank and in 46,962 9,525 56,487
hand)
Current assets (cash at bank and in hand) 58,801 664,225 723,026
Current liabilities (13,776) (28,212) (41,988)
Deferred income
Net assets 113,643 651,464 765,107

or the y ear ende d 31 August 202 1
Restricted Unrestricted Total
funds funds funds
E E
Tangible fixed assets 25,669 6,888 32,557
Current assets (excluding cash at bank and in 45,256 12,503 57,759
hand)
Current assets (cash at bank and in hand) 106,179 658,119 764,298
Current liabilities (86,854) (17,942) (104,796)
Deferred income
Net assets 11,500 11,500
90,250 648,068 738,3'I 8

Movements in unrestricte d funds (including
de		 signated
funds):
31/08/21 Income Expenditure Transfers 31/08/22
E E E E
General
fund		 321,155 233,846 (230,319) (28) 324,654
SwansAid fund (designated) 81,913 81 (213) 28 81,810
Contingency (designated) 245,000 245,000
230,532 651,464
Movements in unrestricted funds (including
designated
funds)		 for the year ended 31 August 2021:
31/08/20 Income Expenditure Transfers 31/08/21
E F p E
General
fund		 232,876 215,573 (226,903) 99,609 321,155
SwansAid
fund (designated)		 81,998 4 (89) 81,913
Contingency (designated) 200,000 45,000 245,000
514,874 215,577 226,992 144,609 648,068
Movements in restricted funds:
31/08/21 Income Expenditure Transfers 31/08/22
E F E E E
Continuous Improvement Fund
-PL Kicks Universal 5,000 202,022 (192,126) (14,896)
PL Kicks Targeted 2,250 45,000 (39,862) (7,388)
Sign Up To Success
PL Primary Stars 5,000 141,110 (178,334) 32,224
PL Inspires 3,500 70,000 (69,865) (3,635)
Other 50,500 270,996 (225,548) (6,305) 89,643
Kit 24,000 16,527 16,527 24,000
90,250 745,655 722,262 113,643

31/08/20 Income Expenditure Transfers 31/08/21
E F E
Continuous Improvement Fund 11,438 (14,732) 3,294
-PL Kicks Universal 133,199 183,436 (247,816) (63,819) 5,000
PL Kicks Targeted 48,544 27,567 (36,585) (37,276) 2,250
Sign Up To Success 40,000 28,973 (76,220) 7,247
PL Primary Stars 13,759 141,500 (149,551) (708) 5,000
PL Inspires 51,826 69,947 (64,927) (53,346) 3,500
Other 125,672 (75,172) 50,500
Kit 24,002 17,339 17,339 24,000
322,768 594,434 682,343 144,609 90,250

7. Reconciliation of net move ments
to net cash flow		 from operating
activities
2022 2021
F E
Net income/(expenditure) for the 26,788 (99,324)
reporting
period as		 per the SOFA
Add back depreciation charge 14,391 15,450
Deduct investment income (17) (260)
Decrease/(Increase) in debtors 1,272 (7,679)
(Decrease)/Increase in creditors (62,807) 63,737
(Decrease)/increase in deferred income (11,500) 4,500
(31,873) (23,576)