Charity registration number 1147354 SWALWELLJUNIORS FOOTBALL CWB ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
SWALWELL JUNIORS FOOTBALL CLUB LEGAL AND ADMIMISTRATIVE INFORMATION Trustees Mr K A Christie Mr M Howie Mr D Kerr Mr Kevin Findlay C Findlay Mr Dostle Charity number 1147354 Independent examlner TC Group 12 Bessemer Court Hownsglll Indu51rial Park Knitsley Lane Consett Co Durham DH8 7BL
SWALWELLJUNIORS FOOTBALL CLUB CONTENTS Trustees. report Independent examiner's port Statement of financial activities Balante sheet Notes to the finantial statements 7-13
SWALWELL JUNIORS FOOT8ALi CLUB TRU5TEES' REPORT FOR 7HE YEAR EIVDED 30JUIVE2024 The Trustees present their annual report and financial statements for the year ended 30 June 2024. Objertlves and activities The Charity objects are to provide a family friendly and safe environment offering football training for various zges from 3 upwards. Swalwell Juniors FC focus on nurturing the physical, social, and personal development of young football players while providing a fun, inclusive environment where they can grow both as athletes and individuals. The club strives to provide young children with opportunities to develop in the sport, fosterinB teamwork, and promotin physlcal activlty. The primary objectives of the club are to provide young children and adolescents (generally from ages S to 181 wlth the opportunity to achieve the following: Football Sklll Development Improve and maintsin a healthy level of physical thtness Personal gr.owth and discipline Opportunities for social interaction Creating a pathway for talent In order to achieve these objectives, the football club has committed to deliver a range of regular and routine activities as follows: Training Sessions Affiliation with the local Football Assoclation forthe provSsion of League and Cup activlties. Friendly matches and tournaments Coaching and mentorship Club event5 and social activities Filness and conditioning programs Referee and offi'ciating training Parent and volunteer engagement Public benefit The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake. Achievements and performance Significont activities and uchievements ogoinstobjectives Review of the activities and future developments Our facllities are primarily allocated for use by the member5 of the charity for grassroots football 3thvltles, however. Durham FA, Tyne and Wear Fire Service, Gateshead Council and local schools use the fa¢ilitEs periodically throughout the year for football related activities, football matches and tournaments. The club facilities are used for non-football related activities by variou5 local groups and affiliated establishments including the Red Kite running club, local drone flying clubs, a local h'shing club and fitness clubs using the club's fi.tness suite. Use of the facilthes 15 recovering followlng the downturn experienced during and shortly aftpr the pandemic. All monies raised by whatever mean go back into the club to support the continued Success of the charlty. Trustees are unpatd and continue to work with the club members, and various other interestd third parties to maintain and improve the facilitre5 and playing surfaces to ensure the members, their supporting family membets and the public have the best experience whilst involved in or vistting the club. Financial review
SWALWELLJUNIORS FOOTBALL CLUB TRuEES, REPORT ICONTINUEDI FOR THE YEAR ENDED30JUNE2024 Resetves policy It is the poll¢y of the Charity that unrestrirted funds whith have not been designated for a specrfic use should be maintained at a level equivalent to between three and six month's expenditure. The Trustees consider that reserves at this level will ensure that. in the event of a 5ignrficant drop in fundin8, they will be able to continue the Chariivs turrent artivities while consideration is given to ways In whlch addlt6onal hjnds may be raised. This level of reserves has been maintalfted throughout the year. Major risks The Trustees have as5es5ed the major risks to whlch the Charity is exposed, and are satisfied that Systems are in place to mitigate exposure to the major risks. Structure. governance and mana8ement Recruitment and appointment of Trustees The trustees continually audit the available skills of the board and look to acqulre new trusteeswith different skills and expeilence which can al$t In the growth of the organisation. Recruitment is by approach and word of mouth. Risk management The trustees and management have carried out an assessment of the major risks facing the charfity- Organisational Structure The charity has a management committee of up to 5 members who meet on a regular basis. The Trustees who served during the year and up to the date of signature of the financial ststements were.. Mr K A Christie Mr M Howie MrD Kerr Mr Kevin Flndlay C Findlay MrD Ostle Recruirment and appointment oAtrnstees None of the Trustees has any beneficial interest in the company. All of the Trustees are members OF the company and guarantee to contribute £1 in the event of a winding up.
SWALWELL JUNIORS FOOTBALL CWB TRusfEES' REPORT ICONTINUEDI FOR THE YEAR ENDED 30JUNE2024 The Trustees, report was approved bythe Board of Trustees. Mr D Kerr Chair 27 March 2025
SWALWELLJUNIORS FOOTBALL CLUB INDEPENDENT LYAMINER'S REPORT TO THE TRUSTEES OF SWALWELL JUNIORS FOOTBALL CLUB I report to the trustees on my examination of the tinancial statements of Swalwell Juniors Football Club for the year ended 30 June 2022. Responslbllltles and basls of report As the Trustees of the Charity you are responsible for the prepardtion of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of the Charity's tinancial statements carried out under sethoh 145 of the 2011 Art. In carrying out my examination I have followed all the applicable Directions given by the Char Commission under section 14515}Ibl of the 2011 Act. Independent examlnerfs statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examinan.on giving me cause to believe that in any material respert: accounting records were not kept in respect of the Charity as required by section 130 of the 2011Act' or the financial statement5 do not accord with those records: or the financial statements do not comply with the applicable requirements conternlng the fom and content of accounts set out in the Charities (Accounts and Reportsl Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examinatron. I have no concerns and have come across no other matters in connection with the examination to whth attention should be drawn in this report in order to enable a proper UndetandIng of the financial statements to be reached. TC Group 12 Bessemercourt Hownsgill Industrial Park Knitsley Lane Consett Co Durham DH8 7BL Dated.. 27 March 2025
SWALWELL JUNIORS FOOT&4LL CLLIB STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR 7HE YEAR ENDED 30JUhTEZ024 Unrestrlrted Endowment funds funds 2024 2024 Totsl Uniestricted Endowment funds funds 2023 2023 Totsl 2024 2023 Note5 Income from: Donations and legacies Charitable a¢tivthes 10,668 48,845 10,668 48,845 5,808 50,729 5,808 50,729 Total income 59,513 59,513 56,537 56,537 Expendfture on: Raising funds Charitable artivities 11,720 11,720 44,813 11,720 11.720 57,833 44,813 57,833 Total expenditure 44,813 11,720 56,533 57.833 11,720 69.553 Net incomel{expendllure} 14,700 111,7201 2,980 11,2961 111,7201 113,0161 Trdnsfers between funds 11,720 111,7201 11,720 111,7201 Net movemeni In fvnds 26.420 123.4401 2,980 10,424 123,4401 113.0161 Retoncillation of funds: Fund balaTrs at l July 2023 153,590 275,446 429,036 143,166 298,886 442,052 Fund balances at 30June 2024 180,010 252,006 432,016 153,590 275,446 429,036 The ststement of h"nancial aaivlnes include5 all gains and losses recognlsed In the year. All income and expenditure (Jerive from continuing activrties.
SWALWELLJUNIORS FOOTBALL CLUB BALANCE SHEET ASAT30JUNE2024 2024 2023 Notes Fixed as5etS Tangible assets 445,360 457.080 Current assets Debtors Cash at bank and in hand 37,356 5.953 27.175 5,123 43.309 32,298 Creditors., amounts fallin8 due wtthln one vear 17,7861 111,4751 Net current assets 35,523 20,823 Totsl assets less current Ilabllltles 480,883 477,903 Credltors: amounts fallln8 due after more than one year io 148,8671 148,867 Net assets excluding pensSon Ilablllty 432,016 429,036 Net assets 432,016 429,036 The funds ofthe Charlty Endowment funds Unrestricted funds li 252,006 180,010 275,446 153,590 432,016 429,036 The financial statements were approved by ihe Trustees on 27 March 2025 Mr D Kerr Chair
SWALWELL JUNIORS FOOTBALL CLUB NOTES TO THE FINANCIAL STATEMENTS FOR ThIE YEAR ENDED30JUNE2024 Accounlin8 policles Ch•rlty Information The club is a public benefit entity and a re8lStered charity in England and Wale5 and is unincorporated. The address of the principle office is Derwenthaugh Park, Spa Well Road, Blaydon-on-Tyne, NE216JA. 1.1 Account5ng wnvention The financial statements have been prepared in accordance with the Charity's goveminB document, the Charitres Aci 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice pplicable to charities preparing their accounts in accordance with the Financial Reporknng Standard applicable in the UK and Republic of Iieland IFRS 1021 (effective l January 20191. The Charty is a Public Benefit Entity 3s defined by FRS 102. The Charfty has taken advantage of the provisions In the SORP for charthes applying FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows. The financial ststements are prepad in sterling, which 15 the fvnctional currency of the Charity. Monetary amounts in these financial ststements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. Imodified to include the revaluation of freehold properties and to inclL¢de investment properknes and certain thnancial instruments at fair valuel. The principal accounting policies adopted are set out below. 1.2 Golng concern At the time of approving the financial stalement5. the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of a¢countin8 in preparing the financial statements. 1.3 Charitsble funds unstrICted funds are available for use at the discretion of the TrUee$ in furtherance of their charttable objectives. Restrlrted funds are subject to specthc conditions by don0 or grantors as to how they may be used. The purposes and uses of the restrlcted funds are Set out In the notes to the financial statements. Endowment funds are subject to specifi'c cOndIon5 by donors that the capital must be maintained by the Charity. 1.4 Income Income is recognised when the Charity is legalty entitled to it after any performance conditions h&e been met, the amounts can be measured reliably. and it is probable th3t income will be received.
SWALWELL JUNIORS FOOTBALL CLUB NOTESTO THE FINANCIAL sfATEMENTS ICONTINUEDI FOR THE YEAR ENDED30JUNE2024 Accounting polldes Icontinuedl Cash donanons a cognised on reteipt. Other donations are recognlsed once the Charity has been notifièd of the donation, unless performance condition5 require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant 15 reCOgned at the time of the donation. Legacies are recognSse(l on receipt or otherwise If the Charity has been hotified of an impending distrSbution. the amount i5 known, and receipt is expected. If the amount is not known, the legacy E treated a5 a contin8ent asset. 1.5 Expendlture Expenditure is wecognised once there is a legal or constructive obligation to transfer economic be11t to a thlrd party, It Is probable th a transfer of etonomic benefits will be required in settlement, andthe amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity a made up of the total of dirttt costs and shared costs, including support costs involved in un(lertaking each activity. Direct costs attributalle to a slngle activity a allocated directly to that activity. Shared costs which contribute to more thanone activity and support costs which are not attributable to a single activlty are apportioned between those acfvities on a basis consistent wrth the use of resources. Central staff costs are allocated on the basis of time spent, and depreciatr.on charges a allocated on the porknon of the asset's use. 1.6 Tanglble fixed asset5 Tangible fixed assets are Snitially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depretiation is recognised so as to write off the cost or valuab.on of assets less their resldual values over their useful lives on the following bases- Freehold land and buildin8S Equipment 2% straight line 20% 5trdight line The galn or loss arlslng on the dlsposal of an asset is determined as the drfFerence between the sale proceeds and the carryin8 value of the asset, and is recognised in the statement of financial acknvlknes. 1.7 Impalmient of fixed assets At each report6ng end date, the Charity reviews the carrying amounts of rcs tangible assets to determine whether there is any indication that those assets have suffered an impairment1055. If any such indication exists, the Coverable amount of the asset is estimated in order to determine the extent of the imroirment Ios5 lif any). 1.8 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposlis held at tall wJth banks, other short-term Ilquld Investments wtth original matUreS of three months or le$5, and bank overdrafts. Bank overdrafts are shown within borrowings in current liablllties.
SWALWELL JUNIORS FOOTBALL CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR ThIE YEAR ENDED 30JUNE2024 A<counlin8 policles {Continuedl 1.9 Flnan¢ial Instruments The Charrty has elected to apply the provlsions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instrument5155ues' of FRS 102 to all of its tinancial instruments. Financial instruments are recognised in the Charity's balance sheet whert the Charity becomes party to the contrartual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention tosettle on a net basis or to realise the asset and settle the liability simultaneously. Bosicfinaneiol assets Baslc financial assets, whlch Include debt0 and cash and bank balances, are inthally measured at transaction price including transaction costs and are subsequently carried at amorti5ed cost using the effective interest method unless the arrangement constitutes a financing transattion, where the trdnsattion Is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets cla551fied as re¢elvable withln one year are not amortised. Bosicfinancialliobllities Basic fi.nancial liabilities. includlng ¢dItorS and bank loans are initially recogniseil at transa¢tion price unless the arrangement constitutes a th'nancing transaction, where the debt ill5trument is fflea5ured at the psent value of the future payments discounted at a market rBte of interest. Financial liabilities classified as payabie within one year are not amortised. Debt instrumehts are subsequently carrled ai amorrised cost, using the effective interest ratè method. Trade treditors are obligations to pay for goods or services that have beeh acquired in the ordinary course of operations from suppliers. Amount5 payable are classified a5 current liabilitie5 if payment is due within one vear or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently meassjred at amortised cost using the effective interest method. Derecognltlon offinanclol Ilablllties Financial liabilits.es are derecognised when the Charity's contractual obllgat(on5 expire or are dlscharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entitlement Is recognised in the perlod in which the employee's seNKes are received. Temiination benefits are recogni5ed immediately a5 an expense when the Charity is demon5trablv committed to terminate the employment of an employee or to provide termination benefit5.
SWALWELLJUNIORS FOOTBALL CLUB NOTES TO THE FINANCIAL STATEMEfm {CONTINUEDI FOR THE YEAR EAIDED30JUNE2024 Net movement In funds 2024 2023 The net movement in fund5 is ststed after chargingllcreditingl- Depreciation of owned tangible fixed assets 11,720 11,720 Trustees None of the Trustees lor any persons connected with them) received any remuneration or benefits from the Charity durSng the year. Employees 2024 Number 2023 Number Total There were no employees whose annual remuneration was more than £60,c0. TatIOn The charity is exempt from taxation on its activitres because all Its Income Is applied for charitable purposes.
SWALWELL JUNIORS FOOTBALL CLUB NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 30JUNE2024 Tanglble fixed assets Freeh land a*d buildings Eqlllpment Total Cost At l July 2023 586,000 9,400 595,400 At 30 June 2024 586,000 9,400 595,4C Depreciation and impairment At l July 2023 Depreciation charged in the year 128,920 11,720 9.400 138,320 11,720 At 30 June 2024 140,640 9,400 150,040 Carryln8 amount At 30 June 2024 445,360 445,360 At 30 June 2023 457,080 457,080 Debtors 2024 2023 Amounts fallin8 due within one year: Other debtors 37,356 27,175 Loans and overdrafts 2024 2023 Bank loans 48,867 48,867 Payable after one year 48,867 48,867 The long-term loans are not secured. 11
SWALWELLJUNIORS FOOTBALL CWB NOTE5 TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR EAIDED30JUNE2024 Credltors: amounts falllng due wlthln one year 2024 2023 Other creditor5 Accruals and deferred income 5,530 2,256 9,405 2,070 7,786 11,475 10 Creditors: arnounts falling due after more than one year 2024 2023 Notes Bank loans 48,867 48,867 11 Endowment fvnds Endowment funds represent assets which must be held permanently by the Charity. Income arising on the endowment funds can be used in accordance with the objects of the Charity and is included as unrestricted income. Any capital gains or losses arising on the assets form part of the fund. At l July 2023 Resources expended Transfers At30 Junè 2024 Permanent endowmeffls 275,446 111,7201 111.7201 252,006 Previous year: At l July 2022 Resources expended Transfers At30June 2023 Permanent endowmenls 298,886 111,7201 111,7201 275,446 12-
SWALWELLJUNIORS FOOTBALL CLUB NOTES TO THE FINANaAL STATEMÉNTS ICONTINUEDI FOR THE YEAR ENDED 30JUNE2024 12 Unrestrlrted funds The unrestricted funds of the charity comprise the unexpended balan$ of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestrKted funds by the trustees for specific purposes. At l July 2023 Incomlng resources Resources expended Transfers At30June 2024 General funds 153,590 59,513 144,813} 11,720 180,010 Prevlous year: At l July 2022 Incomin8 resour¢es Resources expended Transfers Ataojune 2023 General fund5 143,166 56,537 157,8331 11,720 153,590 13 Related party transactions Swalwell Juniors Football Club operates a loan account with Swalwell Juniors CIC, a community Inte$t company which runs in tandem with Swalv4ell Junior5 Football Club and whose director5 are also trustss of Swalwell Juni0¢5 Football Club. At the end of the thnanclal year there is a balance of £37,35612023 . £27,175) owed to Swalwell Junlors Football Club. No interest has been charged by Swalwell Juniors Football aub on thi5 balance. 13-