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2023-12-31-accounts

Cardi& Athletics Trustees’ Annual Report and Financial Statements For the year ended 30 December 2023

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 2023):

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:

4. Achievements and Performance

2023 was another successful and progressive year for Cardi' Athletics.

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

5. Financial Review

expenditure of £118,256 resulting in a net deficit of (£34,148) Main sources of income included:

Principal areas of expenditure were:

The club’s reserves at 31st December 2022 stood at £49,598. 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

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

8. Plans for Future Periods

Looking ahead to 2024, Cardi' Athletics intends to:

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 2024

Unaudited Financial Statements for the Year Ended 30 December 2023

for

Cardiff Athletics

Cardiff Athletics

Contents of the Financial Statements

for the Year Ended 30 December 2023

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 Year Ended 30 December 2023

Period
1/1/22
Year Ended to
30/12/23 30/12/22
£ £
TURNOVER 78,774 89,134
Other income 5,334 10,415
Cost of raw materials and consumables (54,646) (52,736)
Staff costs (43,357) (48,569)
Depreciation and other amounts written off assets (278) (48)
Other charges (19,975) (16,029)
Taxation - -
DEFICIT (34,148) (17,833) 
Page 1

Cardiff Athletics (Registered number: 11549129)

Balance Sheet

30 December 2023

30/12/23 30/12/22
£ £
FIXED ASSETS 1,112 1,390
CURRENT ASSETS 50,748 82,507
CREDITORS
Amounts falling due within one year (2,262) (151)
NET CURRENT ASSETS 48,486 82,356
TOTAL ASSETS LESS CURRENT
LIABILITIES 49,598 83,746
RESERVES 49,598 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 year was 9 (2022 - 14).

continued...

Page 2

Cardiff Athletics (Registered number: 11549129)

Balance Sheet - continued

30 December 2023

ThecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006fortheyear ended
30 December 2023.

Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyearended30December 2023
in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

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

ThefinancialstatementswereapprovedbytheBoardofDirectorsandauthorisedforissueon.............................................and were
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
statementsofCardiffAthleticsfortheyearended30December2023whichcomprisetheIncomeStatement,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 year.

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

Date: .............................................

This page does not form part of the statutory financial statements

Page 4

Cardiff Athletics

Detailed Income and Expenditure Account

for the Year Ended 30 December 2023

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
Subscriptions
Donations
Depreciation of tangible fixed assets
Carried forward		 Year Ended
30/12/23
£
£
14,357
34,010
12,715
17,692
78,774
37,480
13,073
4,093
42,632
725
8,366
1,656
108,025
(29,251)
4,950
384
5,334
(23,917)
306
964
-
2,766
312
1,441
200
2,170
1,230
20
-
278
9,687
(33,604)		 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)		 
This page does not form part of the statutory financial statements

Page 5

Cardiff Athletics

Detailed Income and Expenditure Account

for the Year Ended 30 December 2023

Year Ended
30/12/23
£
Brought forward
Finance costs
Bank charges
NET DEFICIT		 Period
1/1/22 to 30/12/22
£
£
£
(33,604)
(17,357)
544
476
(34,148)
(17,833)		 
This page does not form part of the statutory financial statements

Page 6

Cardiff Athletics

Detailed Balance Sheet

for the Year Ended 30 December 2023

Period
1/1/22
Year Ended to
30/12/23 30/12/22
£ £
FIXED ASSETS
Plant and machinery 1,112 1,390
CURRENT ASSETS
Bank account no. 1 - 54,681
Bank account no. 2 2,653 1,740
Bank account no. 3 48,024 26,015
Cash in hand 71 71
50,748 82,507
CREDITORS
Amounts falling due within one year
Trade creditors (1) (1)
Social security and other taxes (1,661) -
Accruals and deferred income (600) (150)
(2,262) (151)
NET CURRENT ASSETS 48,486 82,356
TOTAL ASSETS LESS CURRENT
LIABILITIES 49,598 83,746
NET ASSETS 49,598 83,746
RESERVES
Income and expenditure account 49,598 83,746 
This page does not form part of the statutory financial statements

Page 7

Unaudited Financial Statements for the Year Ended 30 December 2023

for

Cardiff Athletics

Cardiff Athletics

Contents of the Financial Statements

for the Year Ended 30 December 2023

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 Year Ended 30 December 2023

Period
1/1/22
Year Ended to
30/12/23 30/12/22
£ £
TURNOVER 78,774 89,134
Other income 5,334 10,415
Cost of raw materials and consumables (54,646) (52,736)
Staff costs (43,357) (48,569)
Depreciation and other amounts written off assets (278) (48)
Other charges (19,975) (16,029)
Taxation - -
DEFICIT (34,148) (17,833) 
Page 1

Cardiff Athletics (Registered number: 11549129)

Balance Sheet

30 December 2023

30/12/23 30/12/22
£ £
FIXED ASSETS 1,112 1,390
CURRENT ASSETS 50,748 82,507
CREDITORS
Amounts falling due within one year (2,262) (151)
NET CURRENT ASSETS 48,486 82,356
TOTAL ASSETS LESS CURRENT
LIABILITIES 49,598 83,746
RESERVES 49,598 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 year was 9 (2022 - 14).

continued...

Page 2

Cardiff Athletics (Registered number: 11549129)

Balance Sheet - continued

30 December 2023

ThecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006fortheyear ended
30 December 2023.

Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyearended30December 2023
in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

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

ThefinancialstatementswereapprovedbytheBoardofDirectorsandauthorisedforissueon.............................................and were
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
statementsofCardiffAthleticsfortheyearended30December2023whichcomprisetheIncomeStatement,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 year.

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

Date: .............................................

This page does not form part of the statutory financial statements

Page 4

Cardiff Athletics

Detailed Income and Expenditure Account

for the Year Ended 30 December 2023

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
Subscriptions
Donations
Depreciation of tangible fixed assets
Carried forward		 Year Ended
30/12/23
£
£
14,357
34,010
12,715
17,692
78,774
37,480
13,073
4,093
42,632
725
8,366
1,656
108,025
(29,251)
4,950
384
5,334
(23,917)
306
964
-
2,766
312
1,441
200
2,170
1,230
20
-
278
9,687
(33,604)		 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)		 
This page does not form part of the statutory financial statements

Page 5

Cardiff Athletics

Detailed Income and Expenditure Account

for the Year Ended 30 December 2023

Year Ended
30/12/23
£
Brought forward
Finance costs
Bank charges
NET DEFICIT		 Period
1/1/22 to 30/12/22
£
£
£
(33,604)
(17,357)
544
476
(34,148)
(17,833)		 
This page does not form part of the statutory financial statements

Page 6

Cardiff Athletics

Detailed Balance Sheet

for the Year Ended 30 December 2023

Period
1/1/22
Year Ended to
30/12/23 30/12/22
£ £
FIXED ASSETS
Plant and machinery 1,112 1,390
CURRENT ASSETS
Bank account no. 1 - 54,681
Bank account no. 2 2,653 1,740
Bank account no. 3 48,024 26,015
Cash in hand 71 71
50,748 82,507
CREDITORS
Amounts falling due within one year
Trade creditors (1) (1)
Social security and other taxes (1,661) -
Accruals and deferred income (600) (150)
(2,262) (151)
NET CURRENT ASSETS 48,486 82,356
TOTAL ASSETS LESS CURRENT
LIABILITIES 49,598 83,746
NET ASSETS 49,598 83,746
RESERVES
Income and expenditure account 49,598 83,746 
This page does not form part of the statutory financial statements

Page 7