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|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|
##
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|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||||||
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|||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|
##
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||||||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||||||||
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|. 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|
##
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|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|
##
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|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|
##
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||||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|
##
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##
||||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|
##
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|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)|
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