WAFC Ltd 

Annual report and accounts for the year ended 31 March 2026 

**Registered Number 08426365** 



## WAFC Ltd 

## Annual report and accounts 

## for the year ended 31 March 2026 

## Contents 

Directors for the year ended 31 March 2026 ........................................................................................................ 1 Directors’ report for the year ended 31 March 2026 ............................................................................................. 2 Surplus and deficit account for the year ended 31 March 2026 ............................................................................ 4 Balance sheet as at 31 March 2026 ....................................................................................................................... 5 Balance sheet as at 31 March 2026 (continued) ................................................................................................... 6 Accounting policies .............................................................................................................................................. 7 Notes to the financial statements for the year ended 31 March 2026 ................................................................... 8 



## **WAFC Ltd** 

## **Directors for the year ended 31 March 2026** 

## **Directors** 

M Gibbon R Cutler 

**Registered Office** Northern Area Playing Fields Pavilion, Stephenson Road, Washington, Tyne & Wear, England, NE37 3HR 

**Registered Number** 08426365 

1 



## **WAFC Ltd** 

## **Directors’ report for the year ended 31 March 2026** 

The directors present their report and the financial statements of the company for the year ended 31 March 2026. 

## **Principal activities** 

The principal activity of the company is the provision of community “grassroots” football.  The company is a not-for-profit organisation, limited by guarantee with any surplus being reinvested in the provision of football. 

## **Review of business and future developments** 

Persistent rainfall returned to the northeast during the Winter of 25//26 with a significant number of weekends being disrupted by poor weather. As the club spends a large portion (£69,872) of its income hiring local 3G pitches throughout the Winter, training was not adversely affected. 

An average of 84 players attended Washington AFC’s weekly Football Development Centre (FDC) for entrylevel and nursery-aged players throughout the year, a 23% increase year on year.  A dozen of the club’s older (u17+) players were regularly involved in coaching our youngest players on a weekly basis and in the club’s football holiday camps. This supports the club’s “football for all” philosophy. The club continues to receive financial support from the Holiday Activity and Food (HAF) programme funded by Sunderland City Council. This scheme enables disadvantaged children to attend for free and receive healthy food plus participation in the fun holiday camps. 

For the year ending March 2026, the average monthly membership for our core u7-u18 membership numbered 843, a 10% growth over the last 12 months. 

It was another record year for monthly subs paid by players with £319,877 received. There was an increase of 75 more players paying subs each month plus an increase from £30 to £31 per month. 

£43,574 was taken in the clubhouse’s fully licensed bar and kitchen plus the newly refurbished doubleportacabin. This facility is now providing volunteer experience for young people involved with the club to start to build up valuable work experience. 

Washington AFC’s Committee and Trustees of the associated charity (WAFC Ltd; charity number 1152109) is made up of three officers: Chairman (Mark Gibbon), Treasurer (Rob Cutler) and Head of Football (Gary Sykes) all of whom served on the Committee throughout the year ending 31 March 2026.  The Committee has been in place and stable for the last twelve years and it is expected that all officers will continue in post for the foreseeable future. 

## **Results** 

The company’s surplus for the financial year is £10,578 (2025 deficit: £4,056). 

## **Directors and their interests** 

The directors who held office during the year are given below: 

M Gibbon 

R Cutler 

The company is entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2026. 

2 



## **WAFC Ltd** 

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006. 

This report was approved by the board of directors on 2 April 2026 and signed on behalf of the Board by: 


## **Director** 

3 April 2026 

3 



## **WAFC Ltd** 

## **Surplus and deficit account for the year ended 31 March 2026** 

||**Note**|||
|---|---|---|---|
|||**2026**|2025|
|||**£**|£|
|Turnover|1|**392,191**|369,570|
|Cost of sales||**263,862**|250,766|
|**Gross surplus**||**128,329**|118,804|
|Distribution costs||**0**|0|
|Administrative expenses||**117,751**|122,860|
|**Operating surplus/(deficit)**|2|**10,578**|(4,056)|
|Interest payable and similar charges||**0**|0|
|**Surplus/(deficit) on ordinary activities before taxation**||**10,578**|(4,056)|
|Tax on surplus/(deficit) on ordinary activities|3|**0**|0|
|**Surplus/(deficit) on ordinary activities after taxation**||**10,578**|(4,056)|
|**Retained surplus/(deficit) for the financial year**||**10,578**|(4,056)|
|Accumulated deficit brought forward||**(577)**|3,479|
|**Accumulated surplus/(deficit) carried forward**||**10,001**|(577)|



All amounts relate to continuing activities. 

The company has no gains and losses other than the surpluses/deficits above and therefore no separate statement of total recognised gains and losses has been presented. 

4 



## **WAFC Ltd** 

## **Balance sheet as at 31 March 2026** 

||**Note**|**2026**|**2026**|2025|2025|
|---|---|---|---|---|---|
|||**£**|**£**|£|£|
|**Fixed assets**||||||
|Tangible fixed assets|4||**0**||0|
|**Current assets**||||||
|Stock||**0**||0||
|Debtors|5|**2**||2||
|Cash at bank and in hand||**10,001**||15,112||
|||**10,003**||15,114||
|**Creditors: amounts falling due**||||||
|**within one year**|6|**0**||(15,689)||
|**Net current assets**||**10,003**|||(575)|
|**Creditors: amounts falling due after**||||||
|**one year**|||**0**||0|
|**Net assets**|||**10,003**||(575)|
|**Capital and reserves**||||||
|Reserves|7||**2**||2|
|Surplus and deficit account|||**10,001**||(577)|
|**Total capital and reserves**|||**10,003**||(575)|



The financial statements on pages 3 to 10 were approved by the board of directors on 2 April 2026 and were signed on its behalf by: 


R Cutler 

Director 

5 



## **WAFC Ltd** 

## **Balance sheet as at 31 March 2026 (continued)** 

## **Directors’ statements for the year ended 31 March 2026** 

In approving these financial statements as directors of the company we hereby confirm: 

- (a) that for the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies; 

- (b) that the members have not required the company to obtain an audit of its accounts for the year ending 31 March 2026 in accordance with section 476; 

- (c) that we acknowledge our responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts; and 

- (d) that these accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime. 

The financial statements were approved by the Board on 2 April 2026 and signed on its behalf by 


## **R Cutler** 

## **Director** 

6 



## **WAFC Ltd** 

## **Accounting policies** 

## **Accounting convention** 

These financial statements are prepared on the going concern basis, under the historical cost convention and in accordance with the Companies Act 2006 and applicable accounting standards.  The principal accounting policies, which have been applied consistently throughout the year, are set out below. 

## **Turnover** 

Turnover represents the total member subscription or invoice value (mainly for sponsors) of income generated during the year. 

## **Tangible fixed assets and depreciation** 

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows: 

- Fixtures and fittings - Over a period of 3 years on a straight line basis Motor Vehicles - Over a period of 5 years on a straight line basis Computer equipment - Over a period of 3 years on a straight line basis 

## **Stock** 

Stock is stated at the lower of cost and net realisable value. 

## **Cash flow statement** 

The company has taken advantage of the exemption under Financial Reporting Standard 1 (revised 1996) from the requirement to present a cash flow statement on the grounds that it is a small company. 

7 



## **WAFC Ltd** 

## **Notes to the financial statements for the year ended 31 March 2026** 

## **1 Turnover** 

The total turnover of the company for the year has been derived from its principal activity as noted in the Directors’ report. 

## **2 Operating deficit** 

||**2026**|2025|
|---|---|---|
||**£**|£|
|Operating surplus/(deficit) is stated after charging / (crediting):|||
|Depreciation of tangible fixed assets|**0**|0|
|Surplus/(loss) on disposal of fixed assets|**0**|0|
|Bad debts|**0**|0|



## **3 Taxation** 

||**2026**|2025|
|---|---|---|
||**£**|£|
|**Analysis of tax in the year:**|||
|Tax in respect of the period|**0**|0|



8 



## **WAFC Ltd** 

## **4 Tangible fixed assets** 

||**Computer**<br>**equipment**||**Fixtures and**<br>**fittings**|**Total**|
|---|---|---|---|---|
||**£**||**£**|**£**|
|**Cost**|||||
|At 1 April 2025||0|0|0|
|Additions||0|0|0|
|Disposals||0|0|0|
|**At 31 March 2025**||**0**|**0**|**0**|
|**Deprecation**|||||
|At 1 April 2025||0|0|0|
|Additions||0|0|0|
|Disposals||0|0|0|
|**At 31 March 2026**||**0**|**0**|**0**|
|**Net book values**|||||
|**At 31 March 2026**||**0**|**0**|0|
|At 31 March 2025||0|0|0|
|**5**<br>**Debtors**|||||
||||**2026**|2025|
||||**£**|£|
|Trade debtors|||**0**|0|
|Prepayments|||**0**|0|
|Amounts owed by other group companies|||**0**|0|
|Called up share capital not paid|||**2**|2|
|Other debtors|||**0**|0|
||||**2**|2|



9 



## **WAFC Ltd** 

## **6 Creditors:  amounts falling due within one year** 

||**2026**|2025|
|---|---|---|
||**£**|£|
|Trade creditors|**0**|15,689|
|Other taxes and social security costs|**0**|0|
|Accruals and deferred income|**0**|0|
|Other creditors|**0**|0|
||**0**|15,689|



## **7 Reserves** 

The company is limited by guarantee of members and does not have a share capital. The liability of members is limited to £1. 

||**2026**||2025||
|---|---|---|---|---|
||**£**||£||
|**Reserves**|||||
|Members’ guarantees||**2**||2|



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