SWANSEA CITY AFC FOUNDATION YEAR ENDED 31 AUGUST 2025 REGISTERED COMPANY NUMBER: 06714819 (England and Walesl REGISTERED CHARITY NUMBER: 1126933 REPORT OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 FOR SWANSEA CITY AFC FOUNDATION IA COMPANY LIMITED BY GUARANTEEI IPREVIOUSLY SWANSEA CITY AFC COMMUNITY TRUSTI fysEA cif4 FOUNDATION MHA Chartered Accounlanls and Slalulory Auditor MHA House Charler Court Swansea Enterprise Park Swansea SA7 9FS
SWANSEA CITY AFC FOUNDATION YEAR ENDED 31 AUGUST 2025 REGISTERED COMPANY NUMBER.. 06714819 (England an(1 Wales) REGISTERED CHARITY NUMBER: 1126933 CONTENTS OF THE FINANCIAL STATEMENTS Reference and Administrative Details Chairman's Report Report ol the Trustees Slalemenl of Trustees. Responsibilities Report of the Independent Auditors Sialement of Financial Activities Balance Sheet 13 14 18 19 Cash Flow Slalemenl 20 Notes lo the Financial Slalemenls 21
SWANSEA CITY AFC FOUNDATION YEAR ENDED 31 AUGUST 2025 REGISTERED COMPANY NUMBER-. 06714819 (England and Wales REGISTERED CHARITY NUMBER: 1126933 REFERENCE AND ADMINISTRATIVE DETAILS Trustees C Harris D R Jones S J McDonald A J Rhodes c staples R L Morgans Storer L C Trundle P Meller lappointed 3 October 2a251 Secretary D R Jones Registered land principal} office swansea.com Stadium Landore Swansea SA12FA Registered company number 06714819 (England and Wales) Registered charity number 1126933 Independent Auditors MHA Chartered Accountants and Slalulory Auditor MHA House Charter Court Swansea Enterprise Park Swansea SA7 9FS Bankers Barclays Bank PIC 262 Oxford Slreel Swansea SA1 3BR
SWANSEA CITY AFC FOUNDATION YEAR ENDED 31 AUGUST 2025 REGISTERED COMPANY NUMBER: 06714819 (England and Wales) REGISTERED CHARITY NUMBER.. 1126933 CHAIRMAN'S REPORT It is my pleasure to present this year's Chairman's Report for the Swansea City AFC Foltndation. l am pleased to report the Foundation has continued to grow and expand during the past year, with income rising hy a further almost £73,DOO. Our charitable activities s(Iw a thousand more people eiigaging with the Foundation when compared to the previous year, but attendance5 overall increased by around 15,000 during the past year The Foundation does not exist for its own sake, it is here tD help as many people in our communities a5 possible, with football, sport Eenerally and the power of the Swansea City AFC badge often being something that allows or encourages people to engage where perhaps they would not have done so before. Our Premier League Primary Stars work saw some 2, 325 participants engage across over 1,700 sessions, with 640 /0 of participants reporting improved physical wellbeing. Our Premier League Inspired programme worked witli 227 pupils across 13 secondary schools in our communities, with 90Yo reporting improved wellbeing and 65Yo reporting more positive behaviours. The Premier League l<icks programme worl<ed with some 2,700 participants over 1,024 sessions with 82Yo reporting improved interpersonal relationships. As always, our school holiday Soccer Camps have been exceptionally well-attended with almost 2,000 participants having access to artivity during the school holidays, across 70 session5. This worl< is core to the Foundation and demonstrates not only the scale and breadth of the work our people do every day, but the positive impact it ha5. The Foundation ha5 continued to broaden its reach, and inclusion with new and continuing programme5 for Eir15 in football and a widening reach for people with disabilities. There are so m3ny different and important programmes and inltiatives the Foundation is engaged with and many are detailed in this report, which ran8e from things that would be expected of the Foundation, such as our Premier Lezgue programmes, but extending to efforts to combat loneliness, health and wellbeing programmes like Fit Jacks and so much more. All of thi5 15 made possible by the talented and (fedicate teams of people who work at the Foundation and make the good intentions of the Foundation a reality fur thousand5 of people across south and west Wales. A Rhodes CHAIR. SWANSEA CITY AFC FOUNDATION
SWANSEA CITY AFC FOUNDATION YEAR ENDED 31 AUGUST 2025 REGISTERED COMPANY NUMBER: 06714819 (England and Wales) REGISTERED CHARITY NUMBER: 1126933 REPORT OF THE TRUSTEES The Iruslees, who are also directors of the charity for the puiposes ol the Companies Act 2006, present their ieport with the financial statements of the charity lor the year ended 31 August 2024. The Iruslees have adoptèd the provisions of Accounting and Reporting by Charities.. Slaletnenl of Recommended Pra¢lice applicable to charities preparing thèir accoLJnls in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 leffeclive 1 January 20191. OBJECTIVES AND ACTIVITIES Objectlves and aims The Foundation's objects as sel out in the Memorandum of Association are for thè benefit of the public gener8lly and the inhabilanls ol South Wales and ils surrounding are2S". To promole community participation in healthy recreation by providing facilities for the playing of association football and other sports capable of improving health {"lacililies" meaning land, buildings, equipment, and organising Sporting aclivitiesl, To provide and assist in providing facililies for sport. reciealion or other leisure lime occupation of such persons who have need for such facilities by reason of their youth, age, inlirmily or disablement, poverty or social and economi¢ eircumslances or for the public at large in the inlèresls of social welfare and with Ihe object of improving their Conditions of life. To advance the education ol children and young people through such means as the trustees think lit in accordance with the law of charity, and For the gener31 purposes of such charitable bodies or for such other exclusively charitable purposes in each case as the Iruslees may from lime lo lime decide. The Foundation carries out these objectives by providing a wide range of activities and promoting the community ethos of Swan8ea City AFC in accordance with the Premier League Charitable Fund's programmes, for community cohesion, education, health and sports parlicipalion. Significant actlvities The Found2tion's Core aclivilies include after school clubs, holiday and half-lerm courses and summer school camps 11 provides opportunities for student volunteers lo gain coaching experience acrogs the programmes that are delivered, which ale summarised below. Premler Lea ue Prima Stars Premier League Prirrary Stars uses the appeal of professional foolball clubs lo inspire children to learn, be active and develop important life skills through the power of sport. The programme aims lo develop the whole child by looking lo improve their physical literacy, classroom engagement and develop a healthier and more positive lileslyle. Delivering both classroom and practical physical education sessions the project engaged with 52 schools, working on a regular basis with 34 partnei schools. The project also supports teachers by working alongside them during the practical delivèry lo improve theiT confidence and competence in delivering high quality PE. Over the course of the sea50n, the project engaged with 2,325 pailicipallls, with over 45,000 allend8nces across 1,737 sessions, suppoiling 57 teachers The project achieved some notable outcomes with 640/0 of participants reporting lo have improved their physical wellbeing. Some of the highlights of the year included delivering the creative minds programme in partnership with the EFL and the PFA. where pupils from Ysgol Bro Tawe designed special l-shirls to raise awareness around childrèn's mental health. The programme also provided local schools with kit and equipment providing 13 full oullield kits and one goalkeeper sel plus optional hijabs. In addition lo the above, we also delivered 343 PPA sessions, wilh 575 pupils attending.
SWANSEA CITY AFC FOUNDATION YEAR ENDED 31 AUGUST 2025 REGISTERED COMPANY NUMBER.. 06714819 IEngland and Wales) REGISTERED CHARITY NUMBER: 1126933 Premier Lea ue Ins ires Premier League Inspires is the Foundation's main project lor secondary school age children across the region. Our aim is lo use the power of Swansea City AFC as 2 positive force lo inspire young people lo develop the peisonal skills and posllive alliludes to SLJcceed in life. Delivered in school and al the swanse8.com Stadium, the health and wellbeing course inspires and encourages young people to develop a healthy lifestyle and relationships that brings lifelong benefits. To maximise the impact the project works with small cohorts of pupils Nvho have been specifically identified by the school as having certain risk factors. Over the course of the season the project worked with 227 PLJpils from 13 different schools across Swansea, Nealh Port Talbol and Carmarlhenshire. The project delivered a considèiable impact in improving the mental wellbeing of those involved with QOD ol pupils reporting improved wellbeing. 650/D of pupils 21s0 demonslraled more positive behaviours as a result of the project. Highlights of the season included taking a group of young participants lo the Fairwood training complex lo gain an understanding of diffeTenl career pathways Into football. Premier Lea ue Kicks Swansea City AFC Foundation's Kicks itTrilialive is a national programme that uses the power of football and sport to regularly engage children and young people of all backgrounds and abilities in football. sport and personal developtmenl, providing a trusted, positive influence in high-need arèas across Wales. The project delivers free weekly sessions, giving young pèople between the ages of 8-18 across South Wesl Wales the opporlunilies lo play, coach and officiate in foDlball and a range of spoils. Although the immedi8le emphasis of the programme is loolball, Foundation coaches work in partnership lo support the younger generation with societal challenges and improvè Community safely. During the 24125 season we engaged with over 2,700 parlicipanls gcros8 all our sessions. We delivered 1024 sessions across 13 different locations, including Police and Crime Commissioner fundèd siles in Aberystwylh, Newlown, Pembroke, Carmarthen Seaside (Llanellil. One of the highlights of the season was when the Foundation teamed up with South Wales Police, SlreelDoclors and the Dyfed-Powys Police and Crime Commissioner for Knife Crime Awareness Week to oducale parlicipanls of Premier League Kicks on these issues. The Foundation delivered a 'Nol the One, workshop to participants al the swansea.com Stadium. The campaign, led by South Wales Police, aims lo persuade 1110 16-year-olds away from carrying knives and lo help them fully grasp thè dangers they pose. Several parents of young people involved in the project also provided positive feedback with 830/0 ol pailicipanls feeling inspires and engage¢J and 82D/o of parlicipanls reporting improved interpersonal relationships. Tar eted Interventions Elected Home Education Pro ecl Throughout the season the Foundation hosted several sessions for individuals who have elected lo be home educated. Through funding from the We51 Glamorgan Regional Parlneiship Funcl, the Foundation delivered a lange of aclivilies, including health and wellbeing sessions, rèlationship tasks and foolb211 sessions for young people, aged between 11 and 14. The sessions concluded with a trip lo the home of the Swans, where parlicipanls were Irealed lo a lull stadium lour and workshops delivered by FoLJndalion staff. The project aimed lo increase the confidence, self-e51eem and communication skills of young pèople who are elected hotne educated and provides an oppoilunily lor thèm lo make new connections and meet new friends. Inclusion One of the core aims Df the Foundation is lo promote inclusivity. We have several projects that look lo offer opporlunilies for underrepresented 9roups from across Swansea and South Wesl Wales lo lake parl in sport. Girls Our girls football session5 aim lo encourage young females lo participate in football Ihrough fun sessions which are open lo all 8bililies. The sessions are providèd L)y experienced and qualified coaches in a welcoming and supportive enviionm&nl in a bid lo help VOLJng players discover a passion lor the beautiful game and eventually become confident enough lo join local club teams. One of the highlights ol the season was when wè learned up with Joma lo celebrate Inleinalional iwomen's Day through a mother and daughter
SWANSEA CITY AFC FOUNDATION YEAR ENDED 31 AUGUST 2025 REGISTERED COMPANY NUMBER.. 06714819 IEngland and Wales) REGISTERED CHARITY NUMBER: 1126933 event cantered around football aclivilies. ljve welcomed mothers and their daughters lo the Joma High Performance Centre for an hour of football activities, followed by a lour and a question and answer session at the swansea.com Sladium. ParliGipanls were kindly gifted new training kil from Joma to recognise the importance of feeling comfortable when taking parl in sport, and lo help everyone feel a sensè of belonging lo the day. Pan disabilit Disability Football session5 aim lo increase sports participation lor all_ Overall, il cover5 a wide range of disabilities with the simple aim of gelling morè people involved in sport. Currently, people with disabilities are hall as likely to take parl in sport Compared lo non-disabled paylicipanls. The programme aims lo break down sorne of these barriers lo participation and encourage more disabled people to get involved. During the season we delivered several sessions lo 46 parliGipanls. One ol the highlights of the year was when nine players from the club's academy joined thè session, inleracling with the young parlicipanls and taking part in a Q&A session. The players were in allendance lo mark International Day ol People with Disabilities. Fans Fuiid Premier League Fans Fund aims to support football clubs al all levels of the game lo strengthen connections betsveen Inem, their lans, and local communities The fund supports a range of fan-foGused and fan-led projects, helping lo fosler a sense of belonging through meaningful engagement. This includes schemes lor nder-represenled group5, to lurlher develop an inclusive and welGoming malchday experience lor everyoiie. Over the period the project worked with 432 parlieipanls. delivering 44 sessions. One of the inilialives included the Foundation delivering free foolball sessions al the Vetch Field over the Coufse of a six-week block, to help support membèrs of the Chinese in Wales Association community and give young peoplè the opportunity lo experience loolball within a familiar environment. The project also developed Ihe 'Give a Jack a Jacket, campaign where Supported were asked lo donate old coals and jackets lo support those in need during winter. 250 items of warm clothing WEre donated from generous supporters, which were provided to 10 charities across Swansea and the wider legion. Soccer Cam Swanse2 City AFC Foundation Soccer Camps lake place during school half-lerms and holiday periods al venues acioss South Wesl Wales. OUT camp8 provide the perfect environment for Junior Jacks lo develop and hone their skills. Children attending enjoy fun technical aclivilies, small-sided games, c0mpeliliDns and prizes - all delivered by our FAW qualified coaches in a safe and friendly environment Over the season we engaged with 1,979 pailiGipanls across 70 sessions. We 8180 developed partnerships with local grassroots teams to deliver individu21 soccer camps for their players, As parl of the agreement the Foundation gifted more than £4,670 back lo the Community clubs lo support their devolopment moving forward. The Found21ion once again partnered with Kellogg's and th& English Football League IEFLI to provide free Kellog9's Football Camps lo young people across soulh-wesl Wales. The nationwidè schemtr provides parents and guardians with the opportunity lo claim a free space al a Kellogg's Football Camp, giving more children the chance ID enjoy a IoDlball-filled summer. The Foundation delivered 35 KellDgg's Football Camps throughout the sumtner holidays which saw 748 people allend with over 1,300 allendances recoided
SWANSEA CITY AFC FOUNDATION YEAR ENDED 31 AUGUST 2025 REGISTERED COMPANY NUMBER: 06714819 (England and Wales) REGISTERED CHARITY NUMBER: 1126933 ACHIEVEMENT AND PERFORMANCE Charitable activities Monitoring Df achievemènt is an ongoing process connected lo each project and we have systems in place lo capture and safeguard the data. The figures below outline the achievements of the Foundation for the year ended 31 August 2024.. 2025 2024 Number of parlicipanls engaged Sessions delivered Total allendance MalelFemale Split Parlicipanls with disability Elhnically diverse participants 14,728 4,490 112,816 65135 7.8Q/o 12.4/. 13,665 4,417 98.194 65135 12.9Q/o Health & Wellbeing Community Fit Jacks (Swansea Councll SPF We continued lo deliver the Fil Jacks in Ilie Community programme as parl of our Swansea Council Shared Prosperity Fund grant between September 2024 and August 2025. Community Fil Jacks is a health and wellbeing programme clesigned lo support individuals lo Improve their physical health, mental wellbeing, and lifestyle habits. The progiamme provides slrLJclured physical activity sessions alongside education on hè211hy eating, weight management, and positive behaviour change, all delivered in a supportive and inclusive environment. The prograinme was delivered across Swansea in multiple community vènues, allowing us lo scale up provision and reach individLJals who may not olhemiisè have accessed our services By taking delivery directly into local communities, we were able lo engage a broader and more diverse range ol parlicipanls. Programme oulcomes.- 128 parlicipanls engaged 12 communily-based groups delivered 289kg lolal weight Ioss 8chieved Healthy workplace (Swansea Council SPFAS part of our Community Fil Jacks delivery, we delivered bespoke healthy viorkplace programmes lo local businesses across Swansea. Conlenl was tailored lo the individual organisalions need, with face to face and online sessions offerèd depending on the organisalion's preference. 8 organisalions 191 parlicipanls 52 million steps 26,471 miles covered Health awareness events ISwan5ea Council SPF) We hosted a health awareness event in October 2024 where 20 health organisalions had information stands for members ol the public lo find out more around what goes on locally fiom a health perspective. Around 70 mèmbers of the public allended. We also allended monthly awareness events hosted by Swansea Council where we were able lo promote the work we do in the community lo the general public as well as having the opportunity lo nebfvork with other organisalions, Bespoke Health & Wellbeing programmes (Swansea Council SPF) In March and August 2025, we delivered two bespoke health and wellbeing programmes lo local disability organisalions in Swansea.
SWANSEA CITY AFC FOUNDATION YEAR ENDED 31 AUGUST 2025 REGISTERED COMPANY NUMBER: 06714819 IEngland and Wales) REGISTERED CHARITY NUMBER: 1126933 In March, we partnered with Your Voice Advocacy (YVA}, an organisalion providing independenl advocacy lor people with disabilities across Nealh Port Talbol and Swansea, South Wales. We co- produced a six-week intervention with YVA to ensurè the programmè was inclusive. engaging, and tailored lo participants, needs. The programme supported 12 individuals through adapted, inclusive circuit sessions delivered weekly over six weeks. To measurè impact, we developed accessible easy read" lifestyle questionnaires, enabling us lo clearly demonstrate positive outcomes for parlicipanls. In August, we delivered a similar six-week intervention in partnership with the Swansea Cily Digabled Supporters Association, building on the success and learning from the YVA progr3mme. This programme was delivered 31 the swansea.com Stadium and further refined our inclusive delivery model. Following the completion of both prograrnmes. we developed an inclusive maintenance session lo provide ongoing Support for parlicipanls who had completed the initial six-week course. Fit Jack5 Neath Port Talbot We received funds lo expand Fil Jacks into the Nealh & Poll Talbol areas where we worf<ed with local GP surgeries lo promote and signpost members of Ihe community to the sessions which ran out of Celti¢ Leisure venu2s. 32 people completed the Course 36 sessions delivered 111 kg total weight loss Walking Football We have delivered multiple walking loolball sessions during Ihis period with multiple funders allocating fund5 for us to provide fun and sale walking loolball sessions across Swansea lo members of the public, We combined Ioc81 need with what we thought would work and delivered the following sessions.. Women's walklng footb311 We Irialled a women's only walking football session which was well allended. We didn't have specific funds lor this programme. so parlicipanls made it self-suslaining, with the sessions still taking place now. We wort(ed in partnership wilh the Welsh Football Assoclalion who also funded some of the sessions. We continue lo signpost service useis lo the ses5i0ns. 18+ walking football V¥Je initially Irialled for 2 months an open access session al Penlan Leisure Centre lo ty and enable everyone lo lake parl in the sessions. 55+ walking Football (Swansea Council SPF) Following on from the 18+ Irial. it became apparent that the need was lor a 55+ session. Due lo laGk of fund5ng for the provision, we moved venue lo CÈfn Hengoed Leisure Centre wherè all our session5 now t3ke place. Fit Jacks Walklng Football (Swansea Council SPF) We continue to run our wèekly Fil Jacks walking football maintenance session. Solely for graduates lor the Fil Jacks programme, on average 15 participants attend the sessions which provide service users with access lo exercise sessions after the 12-week course finishes. Parkinsons walking football We received a small grant from Paikinson's UK lo deliver a three-monlh walking football programme for individuals living with Parkinson's disease. The initial pilot enabled us lo assess local dèmand and Interest, while also developing new relationships with Parkinson's specialist physiotherapists in the area. The sessions allracled an average ol 12 pailicipanls each week. Following the success of the pilot, we secured additional ILindin9 lo continue delivery ol the programme. We are now looking lo fuilher strengthen our partnership with the local health board and establisli clear referral pathways lo enable more people to access the service.
SWANSEA CITY AFC FOUNDATION YEAR ENDED 31 AUGUST 2025 REGISTERED COMPANY NUMBER.. 06714819 {England and Wales) REGISTERED CHARITY NUMBER: 1126933 Jack To A Chef Jack to a Chef is a live-week nutrition and cooking programme designed lo help children learn about healthy eating and then pul that learning into practice through hands-on cooking We have delivered this programme across Iwo geographical areas in Swansea Icily and Llwchwr clusters). The PTogramme has enabled us lo work with both primgry and secondary school pupils, providing them with access lo healthy food options and nulrilional advice lo support informed, heallhiei lileslyle choices. 5 schools engaged13 prirnary and 2 secondary) 150 children supported 5 school assemblies delivered Cwtch Coffee morning Swans Foundation Cwlch Coffee Mornings are weekly community social drop-in 8essions hosted al the swansea.com sladium. 11 aims lo bring people together in a relaxed, welcoming enviionmenl lo help tackle loneliness and SUPPDrl mental wellbeing. We average 25 parlicipanls weekly. Warm spaces sesslons (Swansea Council's winter wellbeing grant Between January- March 2025, we hosted 'warm space sessions, as parl of the Swansea coun¢il's winter wellbeing grant. We delivered 12 sessions where we provided service users with a safe space and acces5 lo soup and a roll. Twinniny Project We delivered two cohorts Df the Twinning Projecl in HMP Swansea, using football coaching and leadership modules lo help inmates develop confidence, behaviour, qualification5, and fulure prospects. The project aim was lo use football 8nd education to support people in prison towards rehabililalion and beller life outcomes after ielease. We worked with a lolal of 28 prisoners who all completed the course. FINANCIAL REVIEW Results for the period The Foundation reported an overall operational deficit of1£8,137112024'. £96,719). Income levels increased by £72,882 building on the increase of £257,264 in 2024. As 8 result, expenditure levels also increased lo deliver greater levels of aclivily. Staff costs relating lo coaching increased by £90, 125 and payments under the Adult Carers scheme increased by £63.351 year on yeaT. Other costs showed a good lèvel of control. Cash generatlon The dèficit should be seen in the context of being a not for profil enlily and in light of the significant surplus in the previous year. Oeblors al the year end were £88,789 a significant reduction from the 31 August 2024 position of £220,573. The accounts also reveal a decreas& in Deferred Income al £64.669 a reduction from £103,563 in 2024.The Foundation also benefited from over £12,000 in eained interest with £560,000 invested at the year end Financial position Cash funds, together with short term cash inve81menls, held by the Foundation reached over £900,000, with £533,000 held as unreslricled funds. As explainecl in more detail in the reserves nDle, the level of unreslricled funds has been compared with the reserves policy and the Iiuslees consider that the period end financial situation of the Foundation lo be salisfaclory.
SWANSEA CITY AFC FOUNDATION YEAR ENDED 31 AUGUST 2025 REGISTERED COMPANY NUMBER: 06714819 (England and Wales) REGISTERED CHARITY NUMBER: 1126933 Princlpal funding sources The Charity's principal funding sources are the Premier League, the English Football League, schools in thè aTea and a range of local partners including The Shared Prosperily Fund I Swansea Council, Wesl Glamorgan Regional Partnership IWGRPI and Welsh Govèrnment. We additionally received funding from WGRP lo distribute lo support unpaid Carers lo enable applicants lo re1ve a short break. We would like to acknowledge the support provided by these organisalions Reserves The trustees have identified the risks lo the Foundation's income slreams, which could lead lo insolvency. They consider that lo miligale such events, a suitable Reserve Fund should be established and maintained. The Iruslees recognise Ihal they have a leg31, regulatory and moral obligation lo establish a reserves policy, and a right under the conslilulion lo do so. The reserves policy is determined by an analysis of likely future needs, opportynilies, contingencies or risks and the assessment of Ihe likelihood of the charity not being able to meet the financial consequence5 of those events. This policy will be reviewed on an on-going basis wilh the involvement of staff lo ensure il is lai1ored lo the needs of the Foundation and its activities. A c3sh reserve is maintained by adjusting the level of income relative to expenditure as lar as is asOnablY possible. Management is also exercised over the levels of discretionary expenditure as appropriate. Additional income streams are sought as and when necessary. The Iruslees consider il prudent lo review their underlying documents and financial forecasts lo re-calculatè the reserve figure on an 8nnual basis, or more frequently il circumstances change significantly. The Iruslees are informed by managemenl accounts, reporting recent performanee and forecasting future levels ol income and expenditure, and annual audited accounts. It is recommended Ihal". Reserves should be subject lo an annual review., Reserves should not be over-provided for.. Reserves should be used for the purpose for which they are provicled., and Designated reserves should be created lo ring fence unreslricled funds lor specific purposes. This poli¢y will be reviewed annually. Total reserves at 31 August 2025 were £912,23112024'. £920,368), this is split as follows.. Reslricled funds £379.17112024. £272,266) Designated unreslricled funds £332,67512024'. £327,033) Unreslrioled funds £200.38412024'. £321,069)
SWANSEA CITY AFC FOUNDATION YEAR ENDED 31 AUGUST 2025 REGISTERED COMPANY NUMBER: 06714819 (England and Wales) REGISTERED CHARITY NUMBER: 1126933 Reserves, continued Designated funds represent monies ring fenced lor the Swans Aid grants of £87,675 and a contingency funcl of £245,000. The contingency fund is held lo cover unforeseen loss of grant incorne, rèdundancy costs, lo guard against lulure operating cost increases and lo cover future capital expenditure requirements for the replacement of equipment. Closed Projects Wttere surplus funds Ternain on reslricled reserves on closed projects, the following steps are considered., Stèp 1 Consideration is given lo transferring the fund lo a similar fund. Slep 2 injhere a specific budget carry-lorward has been agreed with fundèrs and there is an additional historical surplus on that reserve, then any surplus over and above the agreed c2rry-forward may be transferred lo the unrèslricled reserve or the Swans Aicl Reserve. The primary funder rnay also agree lo a transfer of this nalLJre for continuing projects. Slep 3 -11 no similar fund can identified from Slep l above, then that surplus may be transferred lo the unrestricted fund or the Swans Aid Reserve, Going concem The Iruslees consider that il is appropriate lo prepare the accounts on a going concern basis. The business plan for the next iwo years is formulated in the light of ongoing grants and income generation. They have reviewed any financial uncerlainlies regaiding the charity's financial suslainabilily and consideration of going eoncein and the steps being taken lo addiess these uncerlainlies with the continued suppoil of the English Football League and Premier League. Future plans The core activities and the Foundation's involvement with the Education and Youth Engagpmenl projects are funded by the Premier League and the English Football League. They will also explore ways ol ensuring that, despite the expansion of services: Provision is made to relain the highest qualily, as would be expected of any organisalion associated with the Pfemi&r Leaguè 2nd the English Football League. Future capital projects are formulated in conjunction with the Football Foundation and other local partners. We continue lo work with key stakeholders- the Welsh Government, Swansea Council, the English Football League, the Premitrr League, and other funders.
SWANSEA CITY AFC FOUNDATION YEAR ENDED 31 AUGUST 2025 REGISTERED COMPANY NUMBER.. 06714819 IEngland and Wales) REGISTERED CHARITY NUMBER: 1126933 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by ils governing document, a deed ol trust, and conslilules a limited company, limited by guarantee, as defined by the Companies Act 2006. Swansea City AFC Foundation was incorporated on 3 OclobeT 2008 in Wales and registered as a charity on 25 November 2008. The company was established under a Memorandum of As50cI?lion which established the objects and powers of the charitable company and is governed under ils Articles of Association. In the event ol the company being wound up members are required lo contribute an amount not exceeding £10 The name of the charitable company was changed from Swansea City AFC Community Trust on 11 August 2021. Recruitment and appointment of new trustees Nèw trustees are appointed upon the recommendation of existing Iruslees. One third of the trustees musl retire al each annual general meeting and offei Ihemselves for re-election. Induction and trainlng of new trustees Tiaining is provided following appointment and is in the fofm of a welcomè pack" along with briefing by the Chairman and members ol the Senior Management Team. Formal training is reviewed on an annual basis for all trustees. Organisational strueture Day lo day responsibi5ily for the provision of service iesls with the Head of Community as supported by a team of coaches and support staff. Decision making The Iruslees have a policy on delegated decision making whiGh is reviewed regularly. In accordance with the Board's role as the ultimate decision-making body within the oharity, the charity has a wrillen schedule of matters reseNed lo the Board, or decisions that are lo be taken only by the Board and which may not be delegated lo any individual, group, committee or the Sènior Management Team. The mallers reserved to the Board include as a minimum., Selling the charity's vision. mission 2nd values., Development of the strategy and approval of the business plan., Approval of the financial plan and annual budget, finance and funding., Ultimate responsibilily for the oversight of risk managemEnl', Review, approval 2nd adoption of policies and procedures (save Whe specifically delegated in writing to a particular person, p05ilion, working group. committee or the management leaml., Perloimance management {KPlsl', and Legislative compliance. bl dl gl The Board will meet lo receive information on and lo discuss the following.. Decisions to be referred lo board.. All decisions requiring expenditure above a predetermined level. Decisions that involve the signing of Contracts valued at above a predetermined level. Strategic decisions abo1 the direction of tisvel for the charity.
SWANSEA CITY AFC FOUNDATION YEAR ENDED 31 AUGUST 2025 REGISTERED COMPANY NUMBER.. 06714819 (England and Wales) REGISTERED CHARITY NUMBER.. 1126933 Policy changes, including.. HR, finance and governanee. The charity has an agreed mechanism recorded in writing by which the Board land working gioups and commilleesl may make decisions ols4(le of meeliTrgs. Timeframes lor decisions will vary, dependifjg on their nature. Key management remuneration Key management personnel are considered lo be those personnel who are not Iruslees bul sil within key operational alld strategic roles. Key management remuneration is reviewed by Iruslees on an annual basis and consideration is given lo local market rates for specific job roles. Related parties The Iruslees consider that there are no related parties, other than the board of Iruslees and key management personnel. Risk management Developing a strategy for managing risk is an essential parl of risk control. The risk strategy coirelales with the organisation's strategic business plans and is reviewEd when changes lo these documents lake place and where major changes in the operating environment become evident, or al the very minimum on an annual basis, As having in place good effective policies and procedures is the key lo prevention, all such documents will also be reviewed and reassessed al minimum on an annual basis. Risk managemgnt, contlnued As parl ol the strategy a risk register will be kept which.. Lists and ranks previously identified and analysed risks Slates what action will be taken lo manage iisks and identify resources allocated lo managing risks Assigns roles and responsibilities for managing risks Sets out how and when risks will be monitored and reviewed This risk management policy document will be reviewed annually. Financial instruments The Foundation's principal financial assets are bank balances. short term inveslmènls in Treasury Bills, cash and trade deblorslcredilors. Credit risk is primarily allfibulable lo trade debiois, The amoijnls presented i the balance sheet are nel of allowances for doubtful deb15. The Foundation actively monitors and manages the credit risk associated with the trade debtors. The Foundation also activèly manages ils liquidity risk by maintaining sufficient cash reserves as noted in the reserves section, to ensure that the charity has sufficient evailable funds for ils operations, and future plans. The Foundation does not have any borrowing and is therefore not affected by inleiesl rale risès. Public benefit The Iruslees confirm that they have had regard lo the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aim, objectives and in planning ils aclivilies.
SWANSEA CITY AFC FOUNDATION YEAR ENDED 31 AUGUST 2025 REGISTERED COMPANY NUMBER.. 06714819 (England and Wales) REGISTERED CHARITY NUMBER.. 1126933 STATEMENT OF TRUSTEES, RESPONSIBILITIES The Iruslees (who are also the directors of Swansea City AFC Foundation for the purposes ol company lawl are responsible for preparing the financial slalemenls in aecordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel, inGluding Financial Repoiling Standard 102 'The Financial Repoiling Standard applicable in the UK and Republic of Ireland" Company law requires the IILJStees lo prepare financial sl8tements for each financi81 year which give a true and fair view ol the slate of affairs of the charitable comp8ny and of the incoming resources and application of resources, InGluding the income and expenditure, of the charitable company for that period. In preparing Ih05e financial slalemenls, the trustees are required to Select suitable accounling policies and then apply them consistently., Observe the methods and principles in the Charity SORP., Make judgements and eslimales that are reasonable and prudent.. Prepare the financial statements on the going concern basis unless il is inappropriate lo presume that the charitable company will continue in business. The trustees are fesponsible for keeping proper aGcounling records which disclose with reasonable accuracy al any time the financial position of the ch21ilable company and lo enable them lo ensure that the financial slalemenls comply with the Companies Act 2006. They are also Tesponsible for safeguarding the assets of the charitable Company and hence for taking reasonablè steps for the prevention and detection of fraud and other irregularities. In so far as the Iruslees are aware.. There is no relevant audit information of which the charitable company's auditors are unaware., and The Iru51ees have taken all steps that they ought lo have taken lo make themselves aware ol any relevant audit information and lo establish that the auditor5 are aware of that information. Small company exemptions This repoil has been prepared in accordance with the provisions applicable lo companies subject lo the small companies, regime within Parl 15 of the Companies A¢1 2006. AUDITORS The auditor, MHA, previously traded through the legal enlily Maclntyre Hudson LLP. In response lo regulatory changes, Maclntyre Hudson LLP ceased to hold an audit registration with the engagement Iransilioning lo MHA Audit Services LLP. MHA. will be proposed for re-appoinlmenl 21 the forlhcoming Annual General Meeting. Approved by order ol the board of Iruslees on 15 May 2026 and signed on ils behalf by.. SJ McDonald Trusteè
SWANSEA CITY AFC FOUNDATION YEAR ENDED 31 AUGUST 2025 REGISTERED COMPANY NUMBER: 06714819 IEngland and Wales REGISTERED CHARITY NUMBER.. 1126933 REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF SWANSEA CITY AFC FOUNDATION Opinion We have audited the finanGial slalemenls of Swansea City AFC Foundation IlhÈ 'charilable company'l for the year ended 31 August 2024 which Comprise the Slalemenl of Financi21 Aclivilie5, the Balance Sheet, the Cash Flow Slalemenl and notes lo the financial slatemenls, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Acceplecf Accounting Praclicel, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland.. In our opinion the financial slalemenls-. Give 8 true and fair view of the slate of the charitable company's affairs as al 31 August 2024 and of ils incoming resources and application of resources, including ils income and expenditure, for the year then ended., Have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Praclice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland and Have been prepared in accordance with the requirements of the Companies Act 2006. Basis for oplnion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are furlhei described in the Audilois responsibilities lor the audit ot the financial slalemenls section of our report. We are independent of the charitable company in 2¢cordance with the ethical requirements that are relevant to our audit ol the financial slalemenls ill the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical re5ponsibililies in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going concern In audilillg the financial slalemenls, we have concluded that the Iruslees, use of the going concern basis of accounting in the preparation Df the linancial slalemenls is appropriate. Based on the work we have performed, we have not idèntified any material uncertainties relating lo events or conditions th81, individually or ctslleclively. may cast significant doubl on the charitable company's ability lo continue as a going concern for a period ol al least Nvelve months from when the financial stalemefjls are aulhorised for issue. Our responsibilities and the responsibilities of the trustees with respect lo going conceTn are described in the rèlevant sections ol this report. Other information The Iruslees are responsible for the other information. The other inltsrmalion comprises the inforrnation included in the annual report, other than the financial slalemenls and our Rèporl of the Independent Auditors Ihereon. Our opinion on thè financial slalemenls does not cover the other information and, except lo the exlènl otherwise explicitly slated in our report, we do not express any form of assurance concls1On Ihereon.
SWANSEA CITY AFC FOUNDATION YEAR ENDED 31 AUGUST 2025 REGISTERED COMPANY NUMBER: 06714819 (England and Wales} REGISTERED CHARITY NUMBER: q126933 REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF SWANSEA CITY AFC FOUNDATION In connection with our audit of the financial stalemenls, our responsibility is lo read the other information and, in doing so, consider whelher the olhei information is materially inconsislenl with the financial statements or oui knowledge obtained in the audit or othetwise appears to be materially misslaled. If we identify such material inconsistencies or apparent material misslalemenls, we are required lo determine whelher there is a material misstatement in the financial statements or a material misst21emenl of the other informalion. If, based on the work we have performed, we conclude that there is a material misstalemenl of this other information, we arè required lo report that fact. We have nothing lo repoil in this regard. Ivlatters on which we are required to report by exception We have nothing lo report in respect ol the following mallers where the Charities (Accounts and Reports) Regulations 20Q8 requires us lo report to you if, in our opinion.. The information given in the Report of the Trustees is inconsislenl in 8ny material respèct with the financi81 slalemenls", or The charitable company has not kepl adequate accounting records", or The financial statements are not in agreement with the accounting records and returns., 01 have not reiVed all the information and explanations we require for our audit. Responsibilities of trustees As explained rnore fully in the Slalemenl ol Trustees, Responsibilities, the Iruslees (who are also the directors of the charitable company for the purposes of company law} are responsible for the preparation of the rinancial $13temenls and for being satisfied that they give a true and lair view, and for such internal control as the Iruslee5 determine is necessary ID enable the preparation of financial slalements that are free from matèrial misstalemenl, whether due to fraud or error. In prepaiing the financial st8lemenls, the Iruslees are responsible for assessing the charitable company's ability lo continue as a goin9 concern, disclosing, as applicable, matters related lo going concern and using the going concern basis ol accounting unless the Iiustees either intend to liquidate the charitable company or lo cease operations, or have no realislic alternative bul lo do so, Our responsibilities for the audit of the financial statements We have been appointed as auditors under Section 144 of Ihe Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect theTeunder. Our objectives are to obtain reasonable assurance about whelhor the financial slalemenls as a whole are free fro¥n material misslalemènl, whethe¥ due lo fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in aOrdanCe with ISAS IUKI will always delecl a material misslalèmenl when il exists. Misslalemenls carF arise from fraud or error and are considered material il. individually or in the aggregate, they COLJld reasonably be expectèd lo influence the economic decision5 of users laken on the basis of these financi81 slalemenls. Irre9ularilies, including fraud, are instances ol non -compliance with laws and regulations. We design proceclurè in line willi our responsibilities, outlined above, lo delect material misslalemenls in respect ol irregularities, including fraud. The extent lo which our procedures are capable ol delecling iiregularilies, including fraud is detailed below..
SV4lANSEA CITY AFC FOUNDATION YEAR ENDED 31 AUGUST 2025 REGISTERED COMPANY NUMBER.. 06714819 (England and Wales) REGISTERED CHARITY NUMBER: 1126933 REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF SWANSEA CITY AFC FOUNDATION Enquiry of management 2nd those Charged with governance around actual, poleRlial or suspected liligalion, claims, non-compliance with applicable laws and regulations and fraud. Review of legal and professional lees lor evidence of legal work undertaken or fineslpenallies incurred. Enquiry of enlily slatf in compliance functions and external 2dvisors lo identify any instances of non- compliance with laws and regulations. Reviewing of financial slalemenls disclosures and testing lo supporting documentation lo assess compliance with applicable laws and regulations. Performing audit WDrk ovèr Ihe risk of management oveTride. including lesling of jOUTnal entries and olh8r adjuslmenls for appropriateness., evaluating the business rationale ol signilicanl transactions outside the normal course of business, and An assessment of the methodologies used in order lo calculate the eslimalelprovision al the year end for evidence ol bias. The accounting policy was checked lo the financial Teporling standards wheré necessary and confirmed lo be appropriate, reviewing accounting eslimales for bias,. Discussions afflongsl the engagement team in rel2lion Its how and where fraud might occur in the financial slalemenls 2nd any potential indicators of fraud", Oiscussions with Managemfjnl over any potential or suspecte(I fraud. Performing subslanlive lesls of detail over the completeness & existence of income within the linanci?I system., -Performing subslanlive analytical review procedures reconciling expected income from corrohoraling evidence lo that which had been recorded In the financial slalemenls lo ensure that income was complete. BecaLJse of the inherent limitations of an audit Ihere is a risk that we will not dèlecl all Irregularities, including those lèading lo a material misslalemenl in the financial slalemenls 01 non-compliance with iegulalion. The risk increases the more that compliance with a law or regu121ion is removed from the events and transactions reflected in the financial slalemenls as we will be less likely lo become aware of instances of non-compliance Thè risk is also greater regarding irregularities occurring due lo fraud rather than 8rror, as fraud involves inlÈlllional ¢once2lmenl, forgery, collusion, omission or misrepresenl8lions. A further description of our responsibilities for the aLJdil of Ihe financial slalemenls is located on the Financial Reporting Council's website al www fr¢.org.uklaudilorsresponsibililies This description forms part of our Report of the Independent Auditors. Use of our report This report is made solely lo the charitable company's Iruslees, as a body, in accordance with Parl 4 of the Charities (Accounts anoj Reports) Règulalioris 2008. Our aLJdil work has been undertaken so that we might slate lo the chaiilable company's Iruslees those malleis we are Tequired lo slate lo them in an auditors, report and for no other purpose. To the fullest exlent permitted by law, we do not ac¢epl or assume responsibility lo anyone olher than the charitable comp8ny and the charitable company's Iruslees as a body. for our auclil work, for this report, or for the opinions we have formed. For and on behalf of MHA {Irading name of MHA Audit Services LLPI Charleied Accounlanls and Slalutory Auditor Eligible lo act as an auditor in terms ol Section 1212 of the Companies Act 2006 MHA House SWANSEA SA7 QFS Dale.. 15th May 2026
SWANSEA CITY AFC FOUNDATION YEAR ENDED 31 AUGUST 2025 REGISTERED COMPANY NUMBER: 06714819 {England and Wales} REGISTERED CHARITY NUMBER.. 1126933 MHA is the trading name of MHA Audit Services LLP, a limiled liabilily pailnership in England and Wales Iregislered number OC455542)
SWANSEA CITY AFC FOUNDATION YEAR ENDED 31 AUGUST 2025 REGISTERED COMPANY NUMBER: 06714819 (England and Wales) REGISTERED CHARITY NUMBER.. 1126933 STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) Notes Reslricled Unreslricled funds funds 2025 Total funds 2024 Total funds Income and endowments from Donations and legacies Charitable activities Investment income Total income 25,788 1,089,428 113,282 232,333 12,348 357,963 139,D70 1,321,761 12,348 1,473,179 134,663 1,249,589 16,045 1,400,297 1,115,216 Expenditure on Charitable activities 1,222,679 258,637 1,481,316 1,3C>3,578 Total expenditure 1,222,679 258,637 1,481,316 1,303,578 Net lexpenditurelllncome 1107,4631 99,326 18,1371 96,719 Reconciliation of funds Transfer between funds 15 214,368 214,268 Total funds brought forward 15 272,266 648 102 920,368 823,649 Total funds carried foNard 15 379.171 533,060 912 231 920,368 The slalemenl of financial activities includes a15 gains and losses recognised in the year and all income and expenditure derive from continuing aclivilies. The slalemenl of financial activities also complies with th$ requirements for an income and expenditure account under the Companies Act 2006.
SWANSEA CITY AFC FOUNDATION YEAR ENDED 31 AUGUST 2025 REGISTERED COMPANY NUMBER: 06714819 {England and Wales) REGISTERED CHARITY NUMBER: 1126933 BALANCE SHEET Notes 2025 2024 Tangible fixed assets 10 5,491 13,663 Current assets Debtors Stock in hand Cash at bank and in hand Short term investmenls 11 88,789 220,573 16,697 334,391 520,000 1091,661 346,132 560,000 994,921 Creditors Amounis falling due within one year 12 123,511) 181,3911 Net current assets 971,410 1,010.270 Accruals and deferred income 13 (64,669) 1103,5631 Net assets 912 232 920 368 Funds Unrestricted funds Restricted funds Total funds The charitable company is enlilled lo exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 Au9usI 2025. allhough an audit has been carried out under section 144 of the Charities Act 2011. The members have not deposited notice, pursuant lo Section 476 of the Companies Act 2006 requiring an audit ol these financial slatemenls. The trustees acknowledge their responsibilities lor 15 15 533,060 379,171 912 232 648,102 272,266 920,368 lal Ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and Preparing financial statements which give a true and lair view ol the slate ol affaiis ol the charitable company as al the end of each financial year and ol ils surplus or deficit lor each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements ol the Companies Act 2006 relaling lo financial statements, so far as applicable lo the charitable company. These financial slaleTnenls have beèn prepared in accordance with the provision8 applicable to Gharilable companies subject lo the small companies, regime. The financial stalemenls were approved by the Board ol Trustees and aulhorised lor issue on 15 May 2026 and were signed on ils behalf by.. Ibl SJ McDonald Truslee
SWANSEA CITY AFC FOUNDATION YEAR ENDED 31 AUGUST 2025 REGISTERED COMPANY NUMBER: 06714819 (England and Wales) REGISTERED CHARITY NUMBER.. 1126933 CASH FLOW STATEMENT Notes 2025 2024 Cash flows from operating activities 17 39,391 11,971 Cash flows from investment activities Interest received Purchase of tangible fixed assets 12,348 16,045 5,757 Net cash provided bylluseil inl investlng activities 12,348 10,288 Change in cash and cash equivalents in the reporting period 51,739 22,259 Cash and equiv21enl al the beginning of the reporting period 854,391 832,132 Cash and cash equivalents at the end of the reporting period 906,130 854,391 Cash and cash equivalents are repiesenled by bank balances and cash In hand1£346, 1301 and short term inveslmenls1£560,0001. Page 120
SWANSEA CITY AFC FOUNDATION YEAR ENDED 31 AUGUST 2025 REGISTERED COMPANY NUMBER.. 06714819 (England and Wale$l REGISTERED CHARITY NUMBER: 1126933 NOTES TO THE FINANCIAL STATEMENTS 1. Statutory information Swansea City AFC Foundation is a charitable company, limited by guarantee, incorporated in England and Wales. The company's registered number and registered office address can be found on page 1. 2. Accounting policies Basis of preparatioii of the financial statements The financial slalemenls of the charitable company, which is a public L)enefil entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'A¢counling and Reporting by Charities.. Statement of Recommended Praelice applicable lo charities preparing their accounts in accordance with the Financial RepoTliAg Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191,, Financial Repoiling Standard 102 'The Financial Reporling Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financia1 statements have been prepared under the historical cost Convention. The charitable company s functional and presentation81 Current is the pound sterling 1£) ancl balances are rounded lo the nearest £1. Going concern The financial slalemenls have been piepared on a going concern basis as the Iruslee5 believe that no material uncertainties exist. The Iruslees have ¢on5idered the level ol funds held and the expected level of incorne and expenditure for twelve months from aulhorising these financial statemen15. The budgeted income and expenditure is sufficientwilh the level of reserves for the Charity lo be able lo continue as a going concern. Slgnificant judgements and estlmates made The Iruslees make eslimalès and assumptions concerning the future. The resulting 2ccounling eslimales will, by definition, seldom equal the related actual results. The eslimales and assumptions that have a significant risk of causing material adjLSStments lo the carrying amounts of assels and liabilities within the next year are addressed below.. il Dtsubtful debts are reviewed on a regular basis and considered for wrile-off provision if the balance has been dormant lor mole than one year. Wrile-off is only provided when recoverability is considered remote. li} The income recogllilion policy results In jud9emenls being made with regard lo project peiformance. Contiaclual targels and detailed KPIS are selected as appropriate in order lo recognise income earned during the year. iiil The Iruslees carry out annual reviews of fixed assets lo assess whether there are any indications of impairment. ere indications of impairmènt exist, the trustees consider the rÈcoverable amounl ol the relevant asset. based upon either value in use or nel realisable value, depending upon the lunetion of the asset in question. Impaiimenl provisions are iecognised in the slalemenl of financial aclivilies, within the relevant cost catègory to which the asset relates. iv) The annual depreciation charge lor tangible fixed assets is sensitive lo changes in the eslimaled useful economic lives of the assets, The useful economic lives are ieassessed annually and are amended when necessary to iellecl current estimates of economic ulilisalion and physical condition of the assets.
SWANSEA CITY AFC FOUNDATION YEAR ENDED 31 AUGUST 2025 REGISTERED COMPANY NUMBER: 06714819 (England and Wales} REGISTERED CHARITY NUMBER: 1126933 NOTES TO THE FINANCIAL STATEMENTS 2. Accounting policies VI Vvhere the charity incurs costs or is enlilled lo income which the Iruslees consider are either outside the scope ol normal activities or unusually material lo the accounts in terms of size or incidence, then such amounts are classified as exceptional Items and disclosed separately on the face of the slalemenl of financial activities and desciibed further in a separate nolfj lo the accounts Income All incoming resources are included in the sl&lemenl ol financial activities when the charity is ènlilled lo the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied lo particular calego¥ies of income.. Investment income Is included whèn receivable., Income from charitable 2clivilies arè accounted for when earned,, Income from grants, where related lo performance and specific deliverables, are accounted for as the charity earns the right lo consideration by ils performance. This will lak8 account of conlraclual largels and KPIS agreed during the course of thÈ year,. and Income from non-perlormancÈ related grants 2nd donations are recognised when the charity becomes enlilled lo the income, il can be measured reliably and receipt of the income is probable. Expendlture and Irrecoverable VAT Liabilities are recognised as expenditure as soon as there is 8 legal or conslruclive obligation coming the charity lo that expenditure, il is probable that a transfer of economic benefi will be required in selllernenl and the amount ol the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified ullder headings that aggregate all costs ielalèd lo the category Where costs cannot be directly allribulable lo particular headings, they have been allocated lo ach'vilies on a b2sis consislenl with the use of resources. Grants offered subject lo conditions which have not been mel al tho year end dale are noted as a commitment bul not accrued as expenditure. Expenditure includes any VAT which cennol be fully recovered, and is reported as parl of the expenditure to which il relates". Charitable expenditure comprises those cosls incurreil by the Gharily in the delivery ol ils activities and services for ils beneficiaries. 11 includes both costs that can be allocated directly lo such activities and those costs of all indirect nature Trecessary lo support them., Governance costs include those costs associated with meeting the conslilulional and slalulory requirements of tho cha¥ily and include the audit lees and costs linked lo the strategic managemènt of the charity.. All costs are allocated between the expenditure calegtsries ol the SOFA on a basis designed to reflect the use of the resource. Costs relalillg lo an aclivily are allocated directly, olliers are apportioned on an appropriate basis. Tangible fixed assèts and depreciatlon Tangible fixed assets are measured al cost less accumulated depreciation. Only assets costing more than £500 are capilalised. DEprecialion is provided al the following annLJal rates in order lo write off each asset over ils eslim21ed useful life.. CompLJlers and equipmeril elc. 250/9 sITaighl line All fixed assets are employed in the furtherance ol the charity's objectives.
SWANSEA CITY AFC FOUNDATION YEAR ENDED 31 AUGUST 2025 REGISTERED COMPANY NUMBER: 06714819 IEngland and Wales) REGISTERED CHARITY NUMBER: 1126933 NOTES TO THE FINANCIAL STATEMENTS 2. Accounting policies Taxation The chaiily is exempl from corporation tax on ils charitable activities. Fund accounting Unreslricled funds ale available for use at the discielion of the Iruslees in the furtherance of the general objectives of IhÈ charity. Reslricled funds ¢an only be used for parlicular reslricled puiposes within the objects of the charity. Reslriclions arise when specified by the donor or when funds are raised lor particular restricted purposes. Gifts In kind and donated assets and serviceB Gifts in kind are logged in a central register and quantified as a donation for signilicanl conlribu110ns. Donated assets and serVIS worth more than £500 will be included wherever relevant. if the value can be reliably e8lim31ed. Flnancial instruments The charity only has financial assets and financial li2bililies of a kind that qualify as basic financial inslrumenls. Basic financi21 instruments are recognised al transaction value and 8ubsequenlty rne8surecl at their selllèmenl value. Operating leases Expenditure relating to operating leases is recDgnised in the Stalemenl of Financial Activities in the period lo which il relates. Pension costs and other post-retirement bei)efits The charity operates a defined Gontribulion pension scheme. The pension cost charge represents contributions payable by the charity lo the fund, in accordancè with the rules of the scheme. 3. Donations and legacies Restricted funds Unreslricled funds 2025 Total 2024 Total Core funding EFL- Core PL- Core EFL- Business Development 50,000 53,150 50,000 53,150 35,000 50,000 10,000 Other income Swansea City AFC - Kil 17,412 17,412 24,000 Other 8,376 10,132 18,508 15,663 Total 25.788 113.282 139,070 134,663
SWANSEA CITY AFC FOUNDATION YEAR ENDED 31 AUGUST 2025 REGISTERED COMPANY NUMBER- 06714819 IEngland and Wales) REGISTERED CHARITY NUMBER.. 1126933 NOTES TO THE FINANCIAL STATEMENTS 3. Donations and legacies - continEJed For the year endèd 31 August 2024 Reslricled funds Unreslricled funds 2024 Total Core funding other income 95,000 9,663 30,000 95.000 39,663 Total 30,000 104,663 134,663 4. Income from charitable activitles Reslricled funds Unreslricled fLJnds 2025 Total 2024 Total Premier League proj8¢ts PL Kicks Universal PL Primary Stars 203,770 150,600 203,770 150,600 200,150 151,220 PL Inspirès 100,750 100,750 100,000 Other charitable activlties Police Crime Cominissioner PCCIEFL Kicks Partnership Fil Fans SPF Swanse8 Council WGRP Children & Young People WGRP Disability Fund 'All Cwlched Up, Degree Programme 74,237 18,840 149,802 49,255 498 2,424 2,600 74,237 18,840 149,802 49.255 498 2,424 2600 100,000 203,354 45,007 47,147 9,955 EFL Fil Fans Youth Juslice Sport Fund Streelgames Jacks Welcome EFL Fans Fund Jack lo Chef Walking Football Courses. Soccer Camps & after School Clubs Adult Carer5 Grant Swansea Council lTrspire8 IKicks Swansea Council Fil Jacks NPTUV Smart Meter Hampeis Project Fundraising Family Zone Girls Academy Street Child World Cup Other Total 37,750 300 37,750 300 36,750 6,000 37,500 2,083 4,868 9,910 12.500 10,000 11,800 199.038 37,500 2,083 4,868 201,018 201,018 117,626 21,750 9,107 117,626 21,750 9,107 16.313 88,159 3,750 65,323 20,972 400 88,159 22,213 9,102 8,558 8,576 375 1,321,761 22,213 9,102 8,558 8,576 375 1.089 428 232,333 1.249,589
SWANSEA CITY AFC FOUNDATION YEAR ENDED 31 AUGUST 2025 REGISTERED COMPANY NUMBER.. 06714819 (England and Wales) REGISTERED CHARITY NUMBER: 1126933 NOTES TO THE FINANCIAL STATEMENTS 4. Income from charitable activities - continued For the year ended 31 August 2025 Restricted funds Unreslricled funds 2025 Total Premièr League projects Other charitable activities 455,120 634,308 455,120 866.641 232,333 Total 1,089,428 232,333 1.321,761
SWANSEA CITY AFC FOUNDATION YEAR ENDED 31 AUGUST 2025 REGISTERED COMPANY NUMBER: 06714819 (England and Wales) REGISTERED CHARITY NUMBER.. 1126933 NOTES TO THE FINANCIAL STATEMENTS 5. Analysis of expenditure Reslricled Unreslricled fullds funds Governance 2025 2024 Total Total Costs dlrectty allocated to charitablè actlvities Wages and coaching Training Kil and equipment Motor, travel and subsistence 724,744 8,915 42,867 34.775 138,369 3,810 10,640 4,531 863,113 12,725 53,507 39,306 805,829 8.710 54,829 32.549 Advertlsing Venue hire Vehicle hire 8,568 55,363 50,409 4,407 20,135 72,g75 75,498 50,409 15,524 72,641 26,823 Hampers Project Adijll Carers Support Depreciation Total direct Costs 84,851 77,241 5,396 1,093,129 84,851 77,241 8,169 1.277,794 68,928 13,890 9,410 1,109,133 2,773 184,668 Support eosts allocated to charitable activities Administrative salaries Pensions Audit and accountancy Insurance Equipment hire Telephone Printing, publications Postage Computer and software Depreciation 95,278 18,724 12,340 4,135 107,618 22,859 12,600 16,082 2,523 6,439 97,904 20,041 16,413 14,728 766 12,600 5,858 373 10,224 2,150 2,259 4,180 s121ionery and 6,776 134 498 632 398 108 20,211 3,492 84 84 22,255 900 21,355 Sundry Bank and Credit charges Bad debts Total support Costs 3,358 4,969 3,358 9,072 4,735 8,773 100 194,445 4,103 129,550 61,372 12,600 203,522 Total expenditure 1,222,679 246.037 12,600 1,481316 1303,578
SWANSEA CITY AFC FOUNDATION YEAR ENDED 31 AUGUST 2025 REGISTERED COMPANY NUMBER-. 06714819 IEngland and Wales) REGISTERED CHARITY NUMBER.. 1126933 NOTES TO THE FINANCIAL STATEMENTS 5. Analysis of expenditure - contlnued Foi the perioct ended 31 August 2Q24 Reslricled Unrestricted funds funds Governance 2024 Total Costs directly allocated lo charitable activities Support costs a11ocaled lo charilable activitie5 Total 885,146 124 883 223,g87 47,265 271.252 1,109,133 194,445 1303,578 22,297 22,297 1010,029 6. Net incomellexpendituye) Nel incomelexpendilure is slatèd after charging.. 2025 2024 Auditors, remuneration 12,600 8,300 7. Staff costs 2025 2024 Salaries and wages Social security costs Pension costs 881,994 88,738 22.858 832,694 71,217 19,953 The amount owed lo the defined contribution pension scheme al the year-end was £-125 {2023 - £58). Number of employees who received lolal einployee benefits ol more than £60,000 is as follows.. 2025 2024 £70,001 £80,000 £80,001- £90,000 The average number of employ&es were as follows.. 2025 45 2024 46 Charitable acliviliès Adminislralive 48 49 Key management personnel are considered lo be those personnel who are not Iruslee5 bul sil within key operational and strategic ioles. The lolal cost of the senior management team was as follows..
SWANSEA CITY AFC FOUNDATION YEAR ENDED 31 AUGUST 2025 REGISTERED COMPANY NUMBER: 06714819 (England and Wales) REGISTERED CHARITY NUMBER: 1126933 2025 2024 Kèy management personnel 319,678 289,396 There were 1412024 - 141 volunteers. The benefit lo the charity ol volunteers, lime has not been quantified nor has any amount been recognisecl in the accounts.
SWANSEA CITY AFC FOUNDATION YEAR ENDED 31 AUGUST 2025 REGISTERED COMPANY NUMBER: 06714819 (England and Wales) REGISTERED CHARITY NUMBER.. 1126933 NOTES TO THE FINANCIAL STATEMENTS 8. Trustee5' remuneration and benefits There were no trustees, remuneration Dr other benefits for the year ended 31 August 2025 nor for the year endèd 31 August 2024. There were no trustees, expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024. 9. Comparatives for the statement of fillancial actlvlties Reslricled funds Unreslrieled funds Total 2024 Income and endowments from Donalions and legacies Charitable aclivities Investment income Total income 30,000 1,030,908 104,663 218,681 16,045 339,389 134,663 1,249,589 16,045 1,400,297 1,060,908 Expenditure on Charitable activities Olhei Total expenditure 1,010,029 271,252 22,297 293 549 1,281,281 1,010,029 1.303,578 Net incomellexpenditure} 50.879 46,840 Reconciliation of funds Total funds brought forward Total funds carried foNard 221,387 272,266 602 262 648,102 823,649 920.368 10. Tangible fixed assets OKice Equipment elc Cost Al 1 September 2024 Additions Impairment Al 31 Aijgusl 2025 95,823 76,454 19,369 Depreciation Al 1 September 2024 Charge in period Impairment Al 31 August 2025 82,162 8,170 76,4541 13,878 Net book value at 31 August 2025 5,491 Net book value at 31 August 2024 13,661
SWANSEA CITY AFC FOUNDATION YEAR ENDED 31 AUGUST 2025 REGISTERED COMPANY NUMBER.. 06714819 IEngland and Wales) REGISTERED CHARITY NUMBER: 1126933 NOTES TO THE FINANCIAL STATEW4ENTS I I, Debtors 2025 2024 Accrued income Trade debtors Other debtors and prepayments 62,923 2,839 23,027 88,789 196,399 3,682 20.492 220,572 12. Creditors: amounts falling due within one year 2025 2024 Trade creditors Accrued expenses 20,821 2,690 23,511 47,804 33,587 81,391 The balances above are payable within one year and are not interest bearing. 13. Deferred Income 2025 2024 Deferred Income IperfoTmance related grant81 64,669 103,563 Reconclliation of deferred income movements 2025 2024 Balance brought forward Released during the year Deferred during the year Balance carried fotward 103,563 1103,5631 64,669 64,669 18,133 118,1331 103,563 103,563 14. Analysis of net assets between funds Reslricled funds Unrestricted funds Total funds Tangible fixed assets Cuirenl assets (excluding cash al bank and in handl Short term inveslmènls Current assets (cash al bank and in handl Current liabilities Deferred income 1,902 79,763 3,589 9,026 5,491 88,789 312,939 69,774 120,5381 164,6691 247,061 276,358 12,9731 560,000 346,132 123,5111 164,669} Nel assets 379,171 533,061 912,232
SWANSEA CITY AFC FOUNDATION YEAR ENDED 31 AUGUST 2025 REGISTERED COMPANY NUMBER: 06714819 (England and Wales} REGISTERED CHARITY NUMBER: 1126933 NOTES TO THE FINANCIAL STATEMENTS 14. Analysis of net assets between funds - continued For the year ended 31 August 2024 Restricted funds Unreslricled funds Total funds Tangible fixed assets Current assets lexcluding cash at bank and in handl Short Term Investments Current assets (cash al bank and in handl Current liabilities Deleired Income Nel Assets 6.970 227,327 6,691 9,942 13.661 237,269 115,212 92,626 166.3071 103,563 272 266 404,788 241,765 115,0841 520,000 334,391 181.3911 103,563 920,368 648,1 C)2 15. Fund movements Movements in unreslricled funds (including designated funds}'. 31108124 Income Expenditure Tfansfers 31108125 General fund SwansAid fund Idesignaledl Conlin.gency Idesignaledl 321,069 354,543 1243, 1201 (232,1081 200,384 82.D33 3.420 115,5171 17,740 87.675 245,000 245 000 648,102 357,963 258,637 214,368 533,060 Movements in unreslricled funds (including designated fund51 lor the year ended 31 August 2024.. 31108123 Income Expendilure Transfers 31108124 General fund SwansAid fund Idesignaledl Contingency Idesi9naledl 274,953 82,309 245,000 308.617 30,772 1280,2411 1fj3,3081 17,740 117,7401 321,069 82,033 245,000 602,262 339,389 293,549 648.102
SWANSEA CITY AFC FOUNDATION YEAR ENDED 31 AUGUST 2025 REGISTERED COMPANY NUMBER,. 06714819 (England and Wales) REGISTERED CHARITY NUMBER: 1126933 NOTES TO THE FINANCIAL STATEMENTS 15. Fund movements- continued Movements in reslricled funds.. 31108124 Income ExpÈndilure Transfers 31108125 PL Kicks Universal 1,222 203,770 1228,2561 23,264 PL Inspires PL Primary Stars 14,6641 183,086} 100,750 150,600 1105,8981 1248,8061 9,812 181,292 Other Kil 310,794 48,000 660,096 1639,7191 231,171 272,266 1 175,216 1222,679 214,368 379 171 The balancè of funds relating lo reslricled funds al the year end relates lo various PTojecls which continue past the year end and are held lo complete those identified projects. Movements in reslricled funds for the year ended 31 August 2024. 31108123 Income Expenditure Transfers 31108124 PL Kicks Universal PL Primary Stars PL Inspires Other Kil 3,755 200,150 151,220 100,000 585,538 24,000 1,060.908 1202,683} 1234,3061 1106,8021 1466,2381 1,222 183,0861 14,6641 310,794 48.000 272 266 2,138 191,494 24,000 221,387 1,010.029 Funds have the following purposes". PL Kicks Universal PL Kicks Universal and Targeted are projects funded by the Premier League Charitable Fund which tjse the power of football and value of sporls pailicipalion lo help hard lo reach youngsters and reduce anti- social behaviour. PL Prlmary Stars A new progr3mme lo replace School Sports, which delivers English and Maths sessions in schools with the aim of Inspiring children in teamwork and spoils. PL Inspires Piemier League Inspire5 is a pilot Programme being funded and run in partnership bebNeen Premier League Charitable Fund, The Princes Trust and 9 club community organisalions. The project aims lo work with
SWANSEA CITY AFC FOUNDATION YEAR ENDED 31 AUGUST 2025 REGISTERED COMPANY NUMBER: 06714819 {England and Walesl REGISTERED CHARITY NUMBER: 1126933 young people in a schools-based programme, where they complete 2 modules ol a GCSE eqLJivalent qualification. NOTES TO THE FINANCIAL STATEMENTS 15. Fund movements- continued Other The balance of funds relating lo reslricled funds al the year end relates lo various project8 which continue past the year end and are held lo complete those Identified projeGIs. Designated funds have the following purp08es'. Swans Aid Funds designalecl by the Trust for distribution lo smaller local community groups. Contingency fund Funds designated by the Trust as a contingency against future costs or feduclions in income streams. 16. Related parties There were no re121ed party transactions during the year, other than remuneration paid lo key management personnel, as disclosed in note 7. 47. Reconelllation of net movements to net cash flow from operating aclivities 202S 2024 Nel incomellexpendilurel for th¢ reporting period as per the SOFA Add back depreciation charge Deduct investment income Decreasel{Incieasel in stock Decreaselllncreasel in debtors (Decieaselllncrease in creditors (Decreaselllncrease in deferred income 18,1371 96.719 8,170 112,3481 16,696 131,784 157,8801 138,8941 39,391 12,893 116,045) 116,6961 1152,9581 2,628 85,430 11,971 18. Operating lease commitments Al the balance sheet dale, the charity had commitments under non-cancellable operating leases tolalling £60,793 (2024 - £97,793) 19. Contingent assets At the balance sheet dale, the charity had been 8warded grants of £nil12024". £nill which are subject to certain conditions which preclude income recognition, 20. Pension Commitments The Charity opèrations a defined contribution pension scheme. The assets of the schemes are held separately from those of the charily in independently administered funds. The total pension cost charge represents contributions payable by the Charity lo the funds and amounted to £22,85812024.. £20,041).
SWANSEA CITY AFC FOUNDATION YEAR ENDED 31 AUGUST 2025 REGISTERED COMPANY NUMBER: 06714819 (England and Wales) REGISTERED CHARITY NUMBER.. 1126933 Contributions lolalling £125 12024.. £581 were payable lo Ihe scheme at the balance sheet dale and are included in creditors