REGisfERED CHARITY NUM8ER: 1193333 Trustees, Report and Unaudited Financial Statements for the Year Ended 31 May 2025 for Waveney Football Club
Waveney Football Club Contents of the Financial Statements for the Year Ended 31 May 2025 Page Tru5tees' Report Independent Examiner's Report ststement of Financizl Attiwttes Balance Sheet Notes to the Financial Statements 7 to 12 Detailed Statement of Financial Activities 13 to 14
Waveney Football Club Trustees, Report for the Year Ended 31 May 2025 The trustees present their report with the financial statement5 of the charity for the year ended 31 May 2025. The trustee5 have adopted the provisions of Accounting and Reporting by Charities= Statement of Recommended Practice applic3ble to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable iri the UK and Republic of Ireland IFRS 1021 (effective l January 20191. Objectives and activities To provide facilities in a safe environwnent for young people to play ftball regardless of ability. To help the wider community where possible. The club provides training and team participarion for both boy5 and gir15 from the age of 4 up to 18 in the junior section and a youn8 adults team. The club a150 runs a group on a Saturday. which is a furb 5es5ion for children from Under 4,5 upwaids. Disabilitylwalkirbg football groups are run to allow for all abilities and ages to be able to play football and be part of the football comrnunity. In its plannin& the committee keep in mind the Charity Commission guidance on public benefit when holding its trustee and rnanager meetings. Without the work of our Volunteers, the club would not be able to function and achieve it aims and 8oals. All trustees. rnanageis and coaches are volunteers who receive no remuneration or benefit5. The volunteer5 give up many hours coaching the children and young adults along with attending relevant training courses to ensure they are adhering to the Football Association framework. Any fundslgrants that are not used immediately are held on account and will be invested for the clubs future. Financial review All funds raised are re invested in to the club to continually de¥elop and provide the best possible equipment for it5 members. Funds that are not irnmediately required are held on account as unrestricted lunds for when needed. The clubs main source of lunding is the subscriptions paid by its members. Sponsorship from local businesse5 IS Used io help with the cost of playirbg and training kits. StrLt¢ture, governance and management Governing docurnent The charity is controlled by it5 governing document. a deed of trust and constitutes an unincorporated charity.
Waveney Football Club Trustee5' Report for the Year Ended 31 May 2025 The Football Association sets policies and standards for its community clubs to ensure they are well run. All volunteers are required to have a DBS check prior to helping wth the club to ensure they are safe to work with children. These checks are a150 evaluated every three years in accordance with the Football Association policy. The Football A550Clation also has a child proiection policy in place that the club are required to have as well as ensuring all safeguarding procedures are adhered ro. First Aid train5ng for all volunteers is required which has to be refreshed every three years. Trustees are appointed or re-appointed at the Annual General Meetin8. Risk mana8ement The trustees have a duty to identify and review the risks to which the charity is exposed and io ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Reference and administrative details Registered Charity number 1193333 Principal address 6 Wsllowvale Lowestoft Suffolk NR32 4UB Trustees Mr M Garnble Chair Mr K Dewhirst Trustee Mr S Everett Trustee Mr S 5tanilorth Facilities Trustee Mr S D Oavey Vice Chairman Trtjstee Mr l Dobson Trustee Mrs J Woolnough Trvstee Mrs S Cooper Trustee Inilependent Examiner Henry Pettitt FCA CTA Stephenson Smèrt (Easr Anglial Limited East Coast House Galahad Road Gorle5ton Greèt Yarmouth Norfolk NR317RU
Waveney Football Club Trustees. Report for the Year Ended 31 May 2025 Approved by order of the board of trustees on 25 March 2026 and SiEned on it5 behall bv.. Mr M Garnble- Trustee
Independent Examiner's Report to the Trustees of Waveney Football Club Independent examiner's report to the irustees of Waveney Football Club I report to the charity trustees on my examination of the account5 of Waveney Football aub Ithe Trust) lor the year ended 31 May 2025. RespoThsibilities and basls of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111.the Act'l. I report in respect of my exarnination of the Trust's accounts c3rried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 14515llbl of the Act. Independent examiner's statement I have completed my examination_ I confirm that no material matters have come to my attention in connection with the ex3rriination giving me cause to believe that in any material respect." accounting records were not kept in respect of the Trust as required by Settion 130 01 the Act. or the accounts do not accord with those records.. or the accounts do not comply with the applicable requirements concerlling ihe form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other thèn any requirement that the accounts give a true and fair view which is noi a matter consadered as part of an independent examination. I have no concerns and have come ?cr055 no other matters in connection with ihe examination to which attentio should be drawn in this report in order to enable a proper understanding of the ac(ounts to be reached. Henry Pettitt FCACtA Stephenson Smart IEast Anglial Limited East Coast House Galahad Road Gorleston Great Yarmouth Norfolk NR317RU 25 March 2026
Waveney Football Club Statement of Financial Activities for the Year Ended 31 May 2025 2025 Unrestricted fund 2024 Total funds Notes Income and endowments from Donations and legacies 221,843 165,527 Other income 38 31 Total 221.881 16S.558 Expenditure on Raising funds 138,599 177,193 Charitable activities Expenditure 82,039 42.077 Total 220,638 219.270 NE[ INCOMEIIEXPENDETUREI 1,243 153.7121 Reconciliation of funds Total funds brought forward 94,841 148.553 Total funds carried fonArard 96.084 94,841 The notes form part of these financial statements
Waveney Football Club Balance Sheet 31 May 2025 2025 unStrICted nd 2024 Total funds Notes Fixed assets Tangible assets 18.999 23.664 Current assets Stocks Debtors Cash 3t bank 4.787 619 77,919 5.385 4,444 67,498 83,325 77.327 Creditors Amounts lalling due within one year 16.2401 16,1501 Net turrent assets 77,085 71,177 Total assets less current liabilities 96.084 94,841 A55ET5 96.084 94,841 Funds Unrestricted funds 96,084 94,841 Total lunds 96.084 94,841 The financial Statements were approved by the Board of Trustees and authorised for issue on 25 March 2026 and were signed on it5 behalf by.. Mr M Garnble- Trustee r K Dewhirst- Trustee The notes form part of these financial statements
Waveney Football Club Notes to the Financial Statements for the Year Ended 31 May 2025 Accounting policies Basis of preparing the financial statements The financial statements of the charity, which is a public benefrt enttty under FRS 102. have been prepared in accordance with the Charitie5 SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement trf Recornmended Prartice applicable to charities prepaiing their account5 in accordance with the Financial Reporting StBndèrd applicable in the UK and Republic of Ireland IFRS 1021 leffective l Janu2ry 20191.. Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charitie5 Act 2011. The financial statemerbt5 have been prepared under the historical cost convent>on. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and rhe arnount can be measured reliably. Expenditure Liabilities are recognised a5 expenditure as soon as there is a leg31 or construrtive obligation committing the charity to that expenditure. it 15 probable thar a transfer of 001¢ benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basls and has been classified under headings that aregate all cost related ro the category. Where costs cannot be directly attributed to particular headings ihey have been allocated to actNities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provtded at the following annual rares in order to write off each asset over its estimated useful Plant and machinery Motor vehicles Computer equtpment 25% p.a. reducing balance 25% p.3. reducing balance 33% on cost Tangible fixed assets are initially recorded at cost. and svbsequently slated at C95t le55 any accumulated depreciation and impairment Ios5e5. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation les5 any subsequent accumulated depreciation and subsequent accumulated irnpaiTrnent losses. Stocks Stocks are valued at the lower of c05t and net realisable value. after rnaking due allowance for obsolete and slow rnoving items. Taxation The charity is exernpt from tax on its charitable artivities. Fund accounting Unrestricted fndS can be used in accordance with the charitable objertive5 at the discretion of the trustees. Restricted funds can only be used for particular restrirted purposes within the objects of the charitv. Restrictions arise when specified by the donor or when lunds are raised for particular restricted purposes. Further explanation of the nature and pvrpose ol each fund 15 included in the notes to the financial 5tètements.
Waveney Football Club Note5 to the Financial Statements- continued for the Year Ended 31 May 2025 Accounting policie5- continued Cash and cash equivalerbts Cash 3nd cash equivalents in the accounts comprises of cash at bank and in hand as at the balance sheet date. Trustees. remuneration and benefits There were no trvstees, remuneration or other benefits for the year ended 31 May 2025 nor for the year ended 31 May 2024. Trustees, expenses There were rbo trustees. expenses paid for the year ended 31 May 2025 nor for the year ended 31 May 2024. Comparatives for the statement of financial activities Unrestrirted fund Intome and endowments from Donations and legacies 165,527 Other incotne 31 Total 165.558 Expenditure on Raising fund5 177.193 Charitable activities Expenditure 42.077 Total 219.270 NEf INCOMEIIEXPENDITUREI 153.7121 Reconciliation of funds Total funds brought forward 148.553 Total funds carried forward 94,841
Waveney Football Club Notes to the Financial Statements- continued forthe Year Ended 31 May 2025 Tangible fixed a55ets Plant and machinery Motor Vehicles Computer equipment Totals C05t At l June 2024 Additions 72,939 1,359 599 80.538 1,359 At 31 May 2025 74.298 599 81,897 Depreciation At I lune 2024 Charge lor year 50.341 5.757 5.934 267 599 56.874 6.024 At 31 May 2025 56.098 6.201 599 62.898 Net book value At 31 May 2025 I8.21• 799 18.999 At 31 May 2024 22.598 1.066 23,664 Stocks 2025 2024 Stocks 4,787 5.385 Debtors: amounts fall¥ng due within one year 2025 2024 Prepayments and accrued income 619
Waveney Football Club Notes to the Financial Statements- continued forthe Year Ended 31 May 2025 Creditors: amounts falling due withrn one year 2025 2024 Other creditors 6,240 6.150 Movement in funds Net movement in funds At 1.6.24 At 31.5.25 Unrestricted funds GeneTèI fund 94.841 1,243 96.084 TOTAL FUNDS 94.841 1.243 96.084 Net movement in funds, included in the above are as follows= Incoming resources Resource5 expended Mo¥ement in funds Unrestricted lunds General fund 221.881 1220.6381 1,243 TOTALFUNDS 221.881 1220.6381 1.243 Comparatives for movement in funds Net movement in funds At 1.6.23 At 31.5.24 Unrestricted funds General fund 148.553 153.7121 94.841 TOTALFUNDS 148,553 153.7121 94,841 io
Waveney Football Club Notes to the Financial Statements- continued for the Year Ended 31 May 2025 Movement in funds- continued Compèrative net movement in fund5. included in the above are as follows= Incomi resources Resources expended Movement in fund5 Unrestricted fvnds General fund 165.558 1219.2701 153,7121 TOTAL FUNDS 165.558 1219.2701 153.7121 A current year 12 months and prior year 12 months combined position is as follows= Net movement in fvnds At Ih.23 At 31.5.25 Unrestricted funds General fund 148.553 152.4691 96,084 TOTAL FUNDS 148.553 152.4691 96,084 A current year 12 months and prior year 12 rnonths combined net movement in funds. included in the above are as follows.. Incoming resources Resources expended Movement in fvnds Unrestricted funds General fund 387,439 1439.9081 152.4691 TOTAL FUNDS 387.439 1439.9081 152.4691 li
Waveney Football Club Notes to the Financial Staternents- continued forthe Year Ended 31 May 2025 Related party disclosures There were no related party transactions for the year ended 31 May 2025. 12
Waveney Football Club Detailed Statement of Financial Activities for the Year Ended 31 May 2025 2025 2024 Income and endowments Donations and legaties Membership fees Catering Sponsorship income Donations income Football foundation grant Grants income Presentationlawards Raffles income Car parkin8 180.312 126,441 350 26,584 2.204 1,705 2,000 4,444 50 1.749 26.239 235 2,134 1,500 3,855 6,270 1.298 221.843 165,527 Other incgme Savings 38 31 Total incoming resourtes 221.881 165.558 Expenditure Other trading 3ctivitiÈs Opening stock Cost of sales Closing stock 5.385 138.001 14,7871 10,785 171,793 15,3851 138.599 177.193 Support costs Finance Bank charges 106 108 Other Insurance Postage and stationerv Gifts and 5undries Rep3ir5 arid maintenance Motor expenses Credit rHachine charges Staff development Carried forward 1.353 30 1.758 15.788 3.518 7,482 3,1XlO 32,929 1,077 620 6,455 2,824 3,431 6,434 21,525 This page does not form part of the statutory financial statements 13
Waveney Football Club Detailed Statement of Financial Activities for the Year Ended 31 May 2025 2025 2024 other Brought forward Subscriptions Website costs Fine5 Lotterie5 licence Donations Advertising and rnarketing Catering purchases Lodger5 presentation event Event expenses Depreciation of tangible fixed assets 32.929 4.002 560 469 21,525 3,474 733 402 40 1,390 1,387 240 30.000 180 120 soo 6.023 7.978 74.823 37.169 Governance costs Independent examination Accountarscv Bookkeeping 1.260 690 5,160 1,200 1,080 2,520 7,110 4,800 Total resources expended 220,638 219.270 Net incomellexpenditurel 1,243 153.7121 This page does not form part of the statutory financial statements 14