2022-12-31-accounts

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Cardi& Athletics Trustees’ Annual Report and Financial Statements For the year ended 31 December 2022

1. Reference and Administrative Details

Charity Name: Cardi' Athletics

Charity Registration Number: 1181540 Principal Address:

Cardi' International Sports Campus, Leckwith Road, Cardi', CF11 8AZ

Website: [www.cardi'athletics.org.uk]

Trustees (who served during 2022):

Michael Farrell, Trustee
Helen James, Trustee
Andrew Seary, Trustee

Independent Examiner/Auditor: Macey Owen Ltd

Bankers: Lloyds Bank

2. Structure, Governance and Management

Cardi' Athletics is a registered charity governed by its Constitution adopted.

The charity is managed by a Board of Trustees who are elected annually at the Annual General Meeting.

New trustees receive an induction pack explaining their legal responsibilities under the Charities Act 2011 and the organisation’s policies, procedures, and safeguarding standards.

Day-to-day management of the club’s operations is delegated to the Club Manager, supported by a team of volunteer coaches and administrative sta'.

3. Objectives and Activities

The charitable objectives of Cardi' Athletics are:

To promote community participation in healthy recreation through athletics and related sports.
To advance physical education and health for people of all ages and abilities.
To support and develop athletes to achieve their full potential.

Key activities during 2022 included:

Delivery of weekly training sessions for junior, senior, and masters athletes.
Organisation of local and regional athletics meets at Cardi' International Sports Stadium.
Coaching and o'iciating development programmes.
Community outreach events in partnership with local schools and youth groups.
Participation in the Welsh Athletics League and national championships.

4. Achievements and Performance

2022 was another successful and progressive year for Cardi' Athletics.

Active Membership reached 686 members
The club’s junior programme continues to be popular across Cardi' and the wider region.
Cardi' Athletics remains heavily dependent on the 45 active Volunteers, providing Coaching, O'iciating and general support activities around the club.
Cardi' athletes achieved excellent results at local, regional and national competitions across all age ranges.
A new digital registration and communication platform was launched to improve member engagement.

The trustees are particularly proud of the continued commitment of volunteers and the positive impact of the club’s outreach activities on local schools.

5. Financial Review

expenditure of £117,382 resulting in a net deficit of (£17,833) Main sources of income included:

Membership subscriptions and training fees.
Event hosting and competition entry fees.
Grants from [Sport Wales / Local Authority].
Sponsorship and donations.

Principal areas of expenditure were:

Facility hire and equipment maintenance.
Coaching and competition costs.
Insurance, administration, and governance expenses.

£1,390. The trustees consider the cash position to be su'icient to meet ongoing operational needs and unforeseen contingencies.

6. Reserves Policy

The trustees aim to maintain unrestricted reserves equivalent to 3 months of operating expenditure to ensure financial stability. Surplus funds will be reinvested into improving facilities, coaching resources, and athlete development programmes upon approval of the committee.

7. Risk Management

Financial sustainability post-pandemic.
Safeguarding and welfare of young athletes.
Volunteer recruitment and retention.
Health and safety at training and events.

Appropriate mitigation measures are in place, including safeguarding policies, coach training, and annual risk assessments.

8. Plans for Future Periods

Looking ahead to 2023, Cardi' Athletics intends to:

Increase youth participation through school partnerships.
Invest in new training equipment and facility upgrades.
Support athlete progression to regional and national squads.
Strengthen volunteer development and diversity initiatives.
Explore additional funding and sponsorship opportunities.

9. Statement of Trustees’ Responsibilities

statements in accordance with applicable law and the requirements of the Charity Commission for England and Wales.

statements give a true and fair view of the state of a'airs of the charity.

Approved by the Board of Trustees and signed on their behalf by:

______ Michael Farrell, Trustee Date: 30[th] August 2023

`Unaudited Financial Statements`

for the Period 1 January 2022 to 30 December 2022

`for`

Cardiff Athletics

Cardiff Athletics

`Contents of the Financial Statements`

for the Period 1 January 2022 to 30 December 2022

	`Page`
`Income Statement`	`1`
`Balance Sheet`	`2`
`Chartered Certified Accountants' Report`	`4`
`Detailed Income and Expenditure Account`	`5`
`Detailed Balance Sheet`	`7`

Cardiff Athletics

`Income Statement`

`for the Period 1 January 2022 to 30 December 2022`

	`Period`
	`1/1/22`
	`to`	`Year Ended`
	`30/12/22`	`31/12/21`
	`£`	`£`
`TURNOVER`	`89,134`	`-`
`Other income`	`10,415`	`-`
`Cost of raw materials and consumables`	`(52,736)`	`-`
`Staff costs`	`(48,569)`	`-`
`Depreciation and other amounts written off assets`	`(48)`	`-`
`Other charges`	`(16,029)`	`-`
`Taxation`	`-`	`-`
`DEFICIT`	`(17,833)`	`-`

Page 1

Cardiff Athletics (Registered number: 11549129)

`Balance Sheet`

`30 December 2022`

	`30/12/22`	`31/12/21`
	`£`	`£`
`FIXED ASSETS`	`1,390`	`-`
`CURRENT ASSETS`	`82,507`	`-`
`CREDITORS`
`Amounts falling due within one year`	`(151)`	`-`
`NET CURRENT ASSETS`	`82,356`	`-`
`TOTAL ASSETS LESS CURRENT`
`LIABILITIES`	`83,746`	`-`
`RESERVES`	`83,746`	`-`

`NOTES TO THE FINANCIAL STATEMENTS`

`1.` `STATUTORY INFORMATION`

CardiffAthleticsisaprivatecompany,limitedbyguarantee,registeredinEnglandandWales.Thecompany's registered
number and registered office address are as below:

`Registered number:`	`11549129`
`Registered office:`	`Cardiff International Sports Campus`
	`Leckwith Road`
	`Leckwith`
	`Cardiff`
	`Wales`
	`CF11 8AZ`

`2.` `AVERAGE NUMBER OF EMPLOYEES`

The average number of employees during the period was 14 (2021 - NIL).

continued...

Page 2

Cardiff Athletics (Registered number: 11549129)

`Balance Sheet - continued`

`30 December 2022`

ThecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006fortheperiod ended
30 December 2022.

Themembershavenotrequiredthecompanyto obtainanauditof itsfinancialstatementsfortheperiodended30December 2022
in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the micro-entity provisions.

ThefinancialstatementswereapprovedbytheBoardofDirectorsandauthorisedforissueon19December2023andwere signed
on its behalf by:

M D Farrell - Director

Page 3

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Cardiff Athletics

InordertoassistyoutofulfilyourdutiesundertheCompaniesAct2006,wehavepreparedforyourapprovalthe financial
statementsofCardiffAthleticsfortheperiodended30December2022whichcomprisetheIncomeStatement,BalanceSheet and
the related notes from the company's accounting records and from information and explanations you have given us.

AsapractisingmemberfirmoftheAssociationofCharteredCertifiedAccountants,wearesubjecttoitsethicaland other
professional requirements which are detailed at http://www.accaglobal.com/rulebook.

ThisreportismadesolelytotheBoardofDirectorsofCardiffAthletics,asabody,inaccordancewithourtermsof engagement.
OurworkhasbeenundertakensolelytoprepareforyourapprovalthefinancialstatementsofCardiffAthleticsandstate those
mattersthatwehaveagreedto stateto theBoardofDirectorsofCardiffAthletics,asa body,inthisreportinaccordancewith the
requirementsoftheAssociationofCharteredCertifiedAccountantsasdetailedathttp://www.accaglobal.com/factsheet163.To the
fullestextentpermittedbylaw,wedonotacceptorassumeresponsibilitytoanyoneotherthanthecompanyanditsBoard of
Directors, as a body, for our work or for this report.

ItisyourdutytoensurethatCardiffAthleticshaskeptadequateaccountingrecordsandtopreparestatutoryfinancial statements
thatgiveatrueandfairviewoftheassets,liabilities,financialpositionandlossofCardiffAthletics.Youconsiderthat Cardiff
Athletics is exempt from the statutory audit requirement for the period.

WehavenotbeeninstructedtocarryoutanauditorareviewofthefinancialstatementsofCardiffAthletics.Forthisreason, we
havenotverifiedtheaccuracyorcompletenessoftheaccountingrecordsorinformationandexplanationsyouhavegivento us and
we do not, therefore, express any opinion on the statutory financial statements.

Macey Owen Limited
5, Willow Walk
Cowbridge
Vale of Glamorgan
CF71 7EE

19 December 2023

This page does not form part of the statutory financial statements

Page 4

Cardiff Athletics

`Detailed Income and Expenditure Account`

`for the Period 1 January 2022 to 30 December 2022`

`Turnover` `Membership fees` `Academy Fees` `Track` `Other income` `Cost of sales` `Track hire` `NAL costs` `Coaching fees` `Wages` `Pensions` `Other direct costs` `Kit costs` `GROSS DEFICIT` `Other income` `Government grants` `Deposit account interest` `Expenditure` `Insurance` `Post and stationery` `Advertising` `Travelling` `Repairs and renewals` `Training and WA costs` `Computer costs` `Sundry expenses` `Accountancy` `Donations` `Depreciation of tangible fixed assets` `Carried forward`	`Period` `1/1/22 to 30/12/22` `£` `£` `20,607` `22,360` `34,961` `11,206` `89,134` `36,880` `9,544` `6,312` `47,025` `1,544` `6,450` `1,732` `109,487` `(20,353)` `10,400` `15` `10,415` `(9,938)` `281` `1,427` `605` `1,165` `316` `1,534` `259` `800` `734` `250` `48` `7,419` `(17,357)`	`Year Ended` `31/12/21` `£` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-`	`£` `-` `-`
			`-` `-`
			`-` `-`
			`-`

This page does not form part of the statutory financial statements

Page 5

Cardiff Athletics

`Detailed Income and Expenditure Account`

`for the Period 1 January 2022 to 30 December 2022`

`Period` `Year Ended` `1/1/22 to 30/12/22` `31/12/21` `£` `£` `£` `Brought forward` `(17,357)` `Finance costs` `Bank charges` `476` `NET DEFICIT` `(17,833)`	`£` `-` `-`
	`-`

This page does not form part of the statutory financial statements

Page 6

Cardiff Athletics

`Detailed Balance Sheet`

`for the Period 1 January 2022 to 30 December 2022`

	`Period`
	`1/1/22`
	`to`	`Year Ended`
	`30/12/22`	`31/12/21`
	`£`	`£`
`FIXED ASSETS`
`Plant and machinery`	`1,390`	`-`
`CURRENT ASSETS`
`Bank account no. 1`	`54,681`	`-`
`Bank account no. 2`	`1,740`	`-`
`Bank account no. 3`	`26,015`	`-`
`Cash in hand`	`71`	`-`
	`82,507`	`-`
`CREDITORS`
`Amounts falling due within one year`
`Trade creditors`	`(1)`	`-`
`Accruals and deferred income`	`(150)`	`-`
	`(151)`	`-`
`NET CURRENT ASSETS`	`82,356`	`-`
`TOTAL ASSETS LESS CURRENT`
`LIABILITIES`	`83,746`	`-`
`NET ASSETS`	`83,746`	`-`
`RESERVES`
`Income and expenditure account`	`83,746`	`-`

This page does not form part of the statutory financial statements

Page 7

`Unaudited Financial Statements`

for the Period 1 January 2022 to 30 December 2022

`for`

Cardiff Athletics

Cardiff Athletics

`Contents of the Financial Statements`

for the Period 1 January 2022 to 30 December 2022

	`Page`
`Income Statement`	`1`
`Balance Sheet`	`2`
`Chartered Certified Accountants' Report`	`4`
`Detailed Income and Expenditure Account`	`5`
`Detailed Balance Sheet`	`7`

Cardiff Athletics

`Income Statement`

`for the Period 1 January 2022 to 30 December 2022`

	`Period`
	`1/1/22`
	`to`	`Year Ended`
	`30/12/22`	`31/12/21`
	`£`	`£`
`TURNOVER`	`89,134`	`-`
`Other income`	`10,415`	`-`
`Cost of raw materials and consumables`	`(52,736)`	`-`
`Staff costs`	`(48,569)`	`-`
`Depreciation and other amounts written off assets`	`(48)`	`-`
`Other charges`	`(16,029)`	`-`
`Taxation`	`-`	`-`
`DEFICIT`	`(17,833)`	`-`

Page 1

Cardiff Athletics (Registered number: 11549129)

`Balance Sheet`

`30 December 2022`

	`30/12/22`	`31/12/21`
	`£`	`£`
`FIXED ASSETS`	`1,390`	`-`
`CURRENT ASSETS`	`82,507`	`-`
`CREDITORS`
`Amounts falling due within one year`	`(151)`	`-`
`NET CURRENT ASSETS`	`82,356`	`-`
`TOTAL ASSETS LESS CURRENT`
`LIABILITIES`	`83,746`	`-`
`RESERVES`	`83,746`	`-`

`NOTES TO THE FINANCIAL STATEMENTS`

`1.` `STATUTORY INFORMATION`

CardiffAthleticsisaprivatecompany,limitedbyguarantee,registeredinEnglandandWales.Thecompany's registered
number and registered office address are as below:

`Registered number:`	`11549129`
`Registered office:`	`Cardiff International Sports Campus`
	`Leckwith Road`
	`Leckwith`
	`Cardiff`
	`Wales`
	`CF11 8AZ`

`2.` `AVERAGE NUMBER OF EMPLOYEES`

The average number of employees during the period was 14 (2021 - NIL).

continued...

Page 2

Cardiff Athletics (Registered number: 11549129)

`Balance Sheet - continued`

`30 December 2022`

ThecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006fortheperiod ended
30 December 2022.

Themembershavenotrequiredthecompanyto obtainanauditof itsfinancialstatementsfortheperiodended30December 2022
in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the micro-entity provisions.

ThefinancialstatementswereapprovedbytheBoardofDirectorsandauthorisedforissueon19December2023andwere signed
on its behalf by:

M D Farrell - Director

Page 3

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Cardiff Athletics

InordertoassistyoutofulfilyourdutiesundertheCompaniesAct2006,wehavepreparedforyourapprovalthe financial
statementsofCardiffAthleticsfortheperiodended30December2022whichcomprisetheIncomeStatement,BalanceSheet and
the related notes from the company's accounting records and from information and explanations you have given us.

AsapractisingmemberfirmoftheAssociationofCharteredCertifiedAccountants,wearesubjecttoitsethicaland other
professional requirements which are detailed at http://www.accaglobal.com/rulebook.

ThisreportismadesolelytotheBoardofDirectorsofCardiffAthletics,asabody,inaccordancewithourtermsof engagement.
OurworkhasbeenundertakensolelytoprepareforyourapprovalthefinancialstatementsofCardiffAthleticsandstate those
mattersthatwehaveagreedto stateto theBoardofDirectorsofCardiffAthletics,asa body,inthisreportinaccordancewith the
requirementsoftheAssociationofCharteredCertifiedAccountantsasdetailedathttp://www.accaglobal.com/factsheet163.To the
fullestextentpermittedbylaw,wedonotacceptorassumeresponsibilitytoanyoneotherthanthecompanyanditsBoard of
Directors, as a body, for our work or for this report.

ItisyourdutytoensurethatCardiffAthleticshaskeptadequateaccountingrecordsandtopreparestatutoryfinancial statements
thatgiveatrueandfairviewoftheassets,liabilities,financialpositionandlossofCardiffAthletics.Youconsiderthat Cardiff
Athletics is exempt from the statutory audit requirement for the period.

WehavenotbeeninstructedtocarryoutanauditorareviewofthefinancialstatementsofCardiffAthletics.Forthisreason, we
havenotverifiedtheaccuracyorcompletenessoftheaccountingrecordsorinformationandexplanationsyouhavegivento us and
we do not, therefore, express any opinion on the statutory financial statements.

Macey Owen Limited
5, Willow Walk
Cowbridge
Vale of Glamorgan
CF71 7EE

19 December 2023

This page does not form part of the statutory financial statements

Page 4

Cardiff Athletics

`Detailed Income and Expenditure Account`

`for the Period 1 January 2022 to 30 December 2022`

`Turnover` `Membership fees` `Academy Fees` `Track` `Other income` `Cost of sales` `Track hire` `NAL costs` `Coaching fees` `Wages` `Pensions` `Other direct costs` `Kit costs` `GROSS DEFICIT` `Other income` `Government grants` `Deposit account interest` `Expenditure` `Insurance` `Post and stationery` `Advertising` `Travelling` `Repairs and renewals` `Training and WA costs` `Computer costs` `Sundry expenses` `Accountancy` `Donations` `Depreciation of tangible fixed assets` `Carried forward`	`Period` `1/1/22 to 30/12/22` `£` `£` `20,607` `22,360` `34,961` `11,206` `89,134` `36,880` `9,544` `6,312` `47,025` `1,544` `6,450` `1,732` `109,487` `(20,353)` `10,400` `15` `10,415` `(9,938)` `281` `1,427` `605` `1,165` `316` `1,534` `259` `800` `734` `250` `48` `7,419` `(17,357)`	`Year Ended` `31/12/21` `£` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-` `-`	`£` `-` `-`
			`-` `-`
			`-` `-`
			`-`

This page does not form part of the statutory financial statements

Page 5

Cardiff Athletics

`Detailed Income and Expenditure Account`

`for the Period 1 January 2022 to 30 December 2022`

`Period` `Year Ended` `1/1/22 to 30/12/22` `31/12/21` `£` `£` `£` `Brought forward` `(17,357)` `Finance costs` `Bank charges` `476` `NET DEFICIT` `(17,833)`	`£` `-` `-`
	`-`

This page does not form part of the statutory financial statements

Page 6

Cardiff Athletics

`Detailed Balance Sheet`

`for the Period 1 January 2022 to 30 December 2022`

	`Period`
	`1/1/22`
	`to`	`Year Ended`
	`30/12/22`	`31/12/21`
	`£`	`£`
`FIXED ASSETS`
`Plant and machinery`	`1,390`	`-`
`CURRENT ASSETS`
`Bank account no. 1`	`54,681`	`-`
`Bank account no. 2`	`1,740`	`-`
`Bank account no. 3`	`26,015`	`-`
`Cash in hand`	`71`	`-`
	`82,507`	`-`
`CREDITORS`
`Amounts falling due within one year`
`Trade creditors`	`(1)`	`-`
`Accruals and deferred income`	`(150)`	`-`
	`(151)`	`-`
`NET CURRENT ASSETS`	`82,356`	`-`
`TOTAL ASSETS LESS CURRENT`
`LIABILITIES`	`83,746`	`-`
`NET ASSETS`	`83,746`	`-`
`RESERVES`
`Income and expenditure account`	`83,746`	`-`

This page does not form part of the statutory financial statements

Page 7

1. Reference and Administrative Details

2. Structure, Governance and Management

3. Objectives and Activities

4. Achievements and Performance

5. Financial Review

6. Reserves Policy

7. Risk Management

8. Plans for Future Periods

9. Statement of Trustees’ Responsibilities

Approved by the Board of Trustees and signed on their behalf by:

Unaudited Financial Statements

for

Contents of the Financial Statements

Income Statement

for the Period 1 January 2022 to 30 December 2022

Balance Sheet

30 December 2022

NOTES TO THE FINANCIAL STATEMENTS

1. STATUTORY INFORMATION

2. AVERAGE NUMBER OF EMPLOYEES

Balance Sheet - continued

30 December 2022

Detailed Income and Expenditure Account

for the Period 1 January 2022 to 30 December 2022

Detailed Income and Expenditure Account

for the Period 1 January 2022 to 30 December 2022

Detailed Balance Sheet

for the Period 1 January 2022 to 30 December 2022

Unaudited Financial Statements

for

Contents of the Financial Statements

Income Statement

for the Period 1 January 2022 to 30 December 2022

Balance Sheet

30 December 2022

NOTES TO THE FINANCIAL STATEMENTS

1. STATUTORY INFORMATION

2. AVERAGE NUMBER OF EMPLOYEES

Balance Sheet - continued

30 December 2022

Detailed Income and Expenditure Account

for the Period 1 January 2022 to 30 December 2022

Detailed Income and Expenditure Account

for the Period 1 January 2022 to 30 December 2022

Detailed Balance Sheet

for the Period 1 January 2022 to 30 December 2022

`Unaudited Financial Statements`

`for`

`Contents of the Financial Statements`

`Income Statement`

`for the Period 1 January 2022 to 30 December 2022`

`Balance Sheet`

`30 December 2022`

`NOTES TO THE FINANCIAL STATEMENTS`

`1.` `STATUTORY INFORMATION`

`2.` `AVERAGE NUMBER OF EMPLOYEES`

`Balance Sheet - continued`

`30 December 2022`

`Detailed Income and Expenditure Account`

`for the Period 1 January 2022 to 30 December 2022`

`Detailed Income and Expenditure Account`

`for the Period 1 January 2022 to 30 December 2022`

`Detailed Balance Sheet`

`for the Period 1 January 2022 to 30 December 2022`

`Unaudited Financial Statements`

`for`

`Contents of the Financial Statements`

`Income Statement`

`for the Period 1 January 2022 to 30 December 2022`

`Balance Sheet`

`30 December 2022`

`NOTES TO THE FINANCIAL STATEMENTS`

`1.` `STATUTORY INFORMATION`

`2.` `AVERAGE NUMBER OF EMPLOYEES`

`Balance Sheet - continued`

`30 December 2022`

`Detailed Income and Expenditure Account`

`for the Period 1 January 2022 to 30 December 2022`

`Detailed Income and Expenditure Account`

`for the Period 1 January 2022 to 30 December 2022`

`Detailed Balance Sheet`

`for the Period 1 January 2022 to 30 December 2022`