2024-12-31-accounts

Cardiff Athletics

Trustees’ Annual Report and Financial Statements

For the year ended 30 December 2024

1. Reference and Administrative Details

Charity Name : Cardiff Athletics

Charity Registration Number: 1181540

Principal Address: Cardiff International Sports Campus, Leckwith Road, Cardiff, CF11 8AZ Website: [www.cardffathletics.org.uk]

Trustees (who served during 2024):

• Michael Farrell, Trustee

• Helen James, Trustee

• Andrew Seary, Trustee

Independent Examiner/Auditor: Macey Owen Ltd

Bankers : Lloyds Bank

2. Structure, Governance and Management

Cardiff 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 staff.

3. Objectives and Activities

The charitable objectives of Cardiff 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 2024 included:

• Delivery of weekly training sessions for junior, senior, and master’s athletes.

• Organisation of local and regional athletics meets at Cardiff International Sports

• Stadium.

• Coaching and Officiating development programmes.

• Participation in the Welsh Athletics, Regional and UKA National Leagues and Championships.

4. Achievements and Performance

2024 was another successful and progressive year for Cardiff Athletics.

• Paid Membership levels remain consistent with 2023.

• The club’s junior programme continues to be popular across Cardiff and the wider region.

• Cardiff Athletics remains heavily dependent on its Volunteers, providing Coaching, Officiating and general support activities around the club.

• Cardiff athletes achieved excellent results at local, regional and national

• competitions across all age ranges.

• Sustainment of club’s participation in the Senior National Athletics League still

• requires significant funding.

The trustees are particularly proud of the continued commitment of the current

volunteers and the continued support of the membership.

5. Financial Review

During the financial year 2024, the Club received total revenues of £94,685 with an expenditure of £90,951 resulting in a net surplus £3,734.

Main sources of income included:

• Membership subscriptions and training fees.

• Event hosting and competition entry fees.

• Grants from [Sport Wales / Local Authority].

• Donations.

Principal areas of expenditure were:

• Facility hire and equipment maintenance.

• Coaching and competition cost (specifically National Athletics League).

• Insurance, administration, and governance expenses.

The club’s reserves at 31st December 2024 stood at £53,332. The trustees consider the cash

position to be sufficient 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

The trustees have identified and regularly review key risks facing the charity, including:

• Financial sustainability and ongoing impact of the COVID pandemic.

• Safeguarding and welfare of young athletes.

• Volunteer recruitment and retention.

• Health and safety and Welfare training requirements.

• Commercialisation of Cardiff International Sports Campus Athletics Facility as a

Football venue.

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

8. Plans for Future Periods

Looking ahead to 2025, Cardiff Athletics intends to:

• Increase youth participation.

• Invest in new training & competition equipment.

• 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

The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and the requirements of the Charity Commission for England and Wales. They must ensure that proper accounting records are kept and that the financial statements give a true and fair view of the state of affairs of the charity.

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

Robert Hooper; Trustee (Chair) 15[th] April 25.

Unaudited Financial Statements for the Year Ended 30 December 2024

for

Cardiff Athletics

Cardiff Athletics

for the Year Ended 30 December 2024

Contents of the Financial Statements

	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 2024

	30/12/24	30/12/23
	£	£
TURNOVER	83,969	78,774
Other income	10,716	5,334
Cost of raw materials and consumables	(34,353)	(54,646)
Staff costs	(31,749)	(43,357)
Depreciation and other amounts written off assets	(222)	(278)
Other charges	(24,520)	(19,975)
Taxation	(107)	-
SURPLUS/(DEFICIT)	3,734	(34,148)

Page 1

Cardiff Athletics (Registered number: 11549129)

Balance Sheet

30 December 2024

	30/12/24	30/12/23
	£	£
FIXED ASSETS	890	1,112
CURRENT ASSETS	49,490	50,748
CREDITORS
Amounts falling due within one year	2,952	(2,262)
NET CURRENT ASSETS	52,442	48,486
TOTAL ASSETS LESS CURRENT
LIABILITIES	53,332	49,598
RESERVES	53,332	49,598

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 17 (2023 - 9).

continued...

Page 2

Cardiff Athletics (Registered number: 11549129)

Balance Sheet - continued

30 December 2024

ThecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006fortheyear ended
30 December 2024.

Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyearended30December 2024
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.

ThefinancialstatementswereapprovedbytheBoardofDirectorsandauthorisedforissueon13March2026andweresigned 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
statementsofCardiffAthleticsfortheyearended30December2024whichcomprisetheIncomeStatement,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 accaglobal.com/rulebook.

ThisreportismadesolelytotheBoardofDirectorsofCardiffAthletics,asabody,inaccordancewithourtermsof engagement.
OurworkhasbeenundertakensolelytoprepareforyourapprovalthefinancialstatementsofCardiffAthleticsandstate those
mattersthatwehaveagreedto stateto theBoardofDirectorsofCardiffAthletics,asa body,inthisreportinaccordancewith the
requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/gb/en/technical-activities/technical-resources-
search/2009/october/factsheet-163-audit-exempt-companies.html.

Tothefullestextentpermittedbylaw,wedonotacceptorassumeresponsibilitytoanyoneotherthanthecompanyandits Board
of Directors, as a body, for our work or for this report.

ItisyourdutytoensurethatCardiffAthleticshaskeptadequateaccountingrecordsandtopreparestatutoryfinancial statements
thatgiveatrueandfairviewoftheassets,liabilities,financialpositionandprofitofCardiffAthletics.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

13 March 2026

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 2024

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 SURPLUS/(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 Legal fees Depreciation of tangible fixed assets Carried forward	30/12/24 £ 16,948 31,756 21,534 13,731 27,980 4,673 1,700 31,134 615 1,715 5,640 10,154 562 316 715 84 898 3,080 2,925 180 7,272 925 - 150 222	£ 83,969 73,457 10,512 10,716 21,228 16,767 4,461	30/12/23 £ 14,357 34,010 12,715 17,692 37,480 13,073 4,093 42,632 725 8,366 1,656 4,950 384 306 964 - 2,766 312 1,441 200 2,170 1,230 20 - 278	£ 78,774 108,025
				(29,251) 5,334
				(23,917) 9,687
				(33,604)

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 2024

30/12/24 £ Brought forward Finance costs Bank charges NET SURPLUS/(DEFICIT)	30/12/23 £ £ 4,461 620 3,841	£ (33,604) 544
		(34,148)

This page does not form part of the statutory financial statements

Page 6

Cardiff Athletics

Detailed Balance Sheet

for the Year Ended 30 December 2024

	30/12/24	30/12/23
	£	£
FIXED ASSETS
Plant and machinery	890	1,112
CURRENT ASSETS
Bank account no. 2	832	2,653
Bank account no. 3	48,587	48,024
Cash in hand	71	71
	49,490	50,748
CREDITORS
Amounts falling due within one year
Trade creditors	(1)	(1)
Tax	(107)	-
Social security and other taxes	3,660	(1,661)
Accruals and deferred income	(600)	(600)
	2,952	(2,262)
NET CURRENT ASSETS	52,442	48,486
TOTAL ASSETS LESS CURRENT
LIABILITIES	53,332	49,598
NET ASSETS	53,332	49,598
RESERVES
Income and expenditure account	53,332	49,598

This page does not form part of the statutory financial statements

Page 7

Unaudited Financial Statements for the Year Ended 30 December 2024

for

Cardiff Athletics

Cardiff Athletics

for the Year Ended 30 December 2024

Contents of the Financial Statements

	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 2024

	30/12/24	30/12/23
	£	£
TURNOVER	83,969	78,774
Other income	10,716	5,334
Cost of raw materials and consumables	(34,353)	(54,646)
Staff costs	(31,749)	(43,357)
Depreciation and other amounts written off assets	(222)	(278)
Other charges	(24,520)	(19,975)
Taxation	(107)	-
SURPLUS/(DEFICIT)	3,734	(34,148)

Page 1

Cardiff Athletics (Registered number: 11549129)

Balance Sheet

30 December 2024

	30/12/24	30/12/23
	£	£
FIXED ASSETS	890	1,112
CURRENT ASSETS	49,490	50,748
CREDITORS
Amounts falling due within one year	2,952	(2,262)
NET CURRENT ASSETS	52,442	48,486
TOTAL ASSETS LESS CURRENT
LIABILITIES	53,332	49,598
RESERVES	53,332	49,598

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 17 (2023 - 9).

continued...

Page 2

Cardiff Athletics (Registered number: 11549129)

Balance Sheet - continued

30 December 2024

ThecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006fortheyear ended
30 December 2024.

Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyearended30December 2024
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.

ThefinancialstatementswereapprovedbytheBoardofDirectorsandauthorisedforissueon13March2026andweresigned 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
statementsofCardiffAthleticsfortheyearended30December2024whichcomprisetheIncomeStatement,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 accaglobal.com/rulebook.

ThisreportismadesolelytotheBoardofDirectorsofCardiffAthletics,asabody,inaccordancewithourtermsof engagement.
OurworkhasbeenundertakensolelytoprepareforyourapprovalthefinancialstatementsofCardiffAthleticsandstate those
mattersthatwehaveagreedto stateto theBoardofDirectorsofCardiffAthletics,asa body,inthisreportinaccordancewith the
requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/gb/en/technical-activities/technical-resources-
search/2009/october/factsheet-163-audit-exempt-companies.html.

Tothefullestextentpermittedbylaw,wedonotacceptorassumeresponsibilitytoanyoneotherthanthecompanyandits Board
of Directors, as a body, for our work or for this report.

ItisyourdutytoensurethatCardiffAthleticshaskeptadequateaccountingrecordsandtopreparestatutoryfinancial statements
thatgiveatrueandfairviewoftheassets,liabilities,financialpositionandprofitofCardiffAthletics.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

13 March 2026

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 2024

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 SURPLUS/(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 Legal fees Depreciation of tangible fixed assets Carried forward	30/12/24 £ 16,948 31,756 21,534 13,731 27,980 4,673 1,700 31,134 615 1,715 5,640 10,154 562 316 715 84 898 3,080 2,925 180 7,272 925 - 150 222	£ 83,969 73,457 10,512 10,716 21,228 16,767 4,461	30/12/23 £ 14,357 34,010 12,715 17,692 37,480 13,073 4,093 42,632 725 8,366 1,656 4,950 384 306 964 - 2,766 312 1,441 200 2,170 1,230 20 - 278	£ 78,774 108,025
				(29,251) 5,334
				(23,917) 9,687
				(33,604)

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 2024

30/12/24 £ Brought forward Finance costs Bank charges NET SURPLUS/(DEFICIT)	30/12/23 £ £ 4,461 620 3,841	£ (33,604) 544
		(34,148)

This page does not form part of the statutory financial statements

Page 6

Cardiff Athletics

Detailed Balance Sheet

for the Year Ended 30 December 2024

	30/12/24	30/12/23
	£	£
FIXED ASSETS
Plant and machinery	890	1,112
CURRENT ASSETS
Bank account no. 2	832	2,653
Bank account no. 3	48,587	48,024
Cash in hand	71	71
	49,490	50,748
CREDITORS
Amounts falling due within one year
Trade creditors	(1)	(1)
Tax	(107)	-
Social security and other taxes	3,660	(1,661)
Accruals and deferred income	(600)	(600)
	2,952	(2,262)
NET CURRENT ASSETS	52,442	48,486
TOTAL ASSETS LESS CURRENT
LIABILITIES	53,332	49,598
NET ASSETS	53,332	49,598
RESERVES
Income and expenditure account	53,332	49,598

This page does not form part of the statutory financial statements

Page 7