Charity reglstration numbèr 197701 IEngland and Wale$ Company registrntion fiUmr 12616203 GOWERTON ATHLETIC CLUB LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 lllllllllll *AEidR81K8' 2710212026 COMPANIES HOUSE
GOWERTON ATHLETIC CLUB LIMITED CONTENTS Pag¢ Twstees. fepcrfl Independent examinerfs rep)rt Statement of finarKial aclivilies Balance sheet Notes to the finanual stslements 6-13
GOWERTON ATHLETIC CLUB LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MAY 2025 The company became a registered charty on 28 janu 2022. The tru5tee5 wesent their annual report and financial statements for the year ended 31 May 2025. The financial statements have pPare<l in accordan¢e the accounbng pofi¢ie$ sel out in rtote 1 to the financial slalemenls and compty ilh the charty's goveming document. the Companies Acl 2006 and 'Accounb'ng and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in a¢cor¢Jan¢e wth the FinanrAal Repts"n9 Starldard apF4i¢aL4e in the UK ar Republic of Ireland IFRS 1021" leffeclive 1 January 20191. Oble¢tfves and a¢tlvMI•s The promotion of ¢ommunity participation in heatthy recreation for the put4ic benefit in Gowerton and the surrounding aa by the provision of facilrties to aM¢yw parb"cipatKfj in amateur sport such as Rugby, and Cricket, and other sport$ as appropnate. Promth"on of the facilrties available by the parti"pat ol swt V•ilhin the Gorton and the surrounding area for Rugby Union, Cricket and Lawn Green Bo. Publ1¢ benefit The Trustees hove paid due regard lo guidance issued by the Charty Commission in dKiding what adivilieg the charty Should undertake. Achlevwnents and perforrnan¢e IAÈ have continued to provide sporting opportunibes to the members of al Ihree of Ihe ccfistiluenl dubs. Flnanclal revO•w The Statement of Financial ktivitie$ shows toL71 income of £27,837 12024.. £87.929) total expenditure of É38.748 12024." £47,447) givin9 an overan deficrt for the year of £10,911 12024". £40,482 5urplusl. The Balance Sheet sh¢)ws net assets available to the ¢hanty of £123.284 (2024.. £134.195}. Unreslrfcteil reseNes are £123,284 12024.. £134.195). The free reserves of the clwrty are £18.200 (2024: £22.542). The charity'$ prlncipal 5011T¢es of fvnds . Membership and Levies frn Gowerlon RFC, Gowerton Cricket Club arKI GlrtOn Bov+ts Club. Structure. go¥emance •nd manag•ment The charty is a private company limrted by waiantee thut share Catal and govemed by its Arte$ of Association. Trustees are appointed from the three constituent thbs within the AtNetic Club. Two Trustees from each dub, six in totsl. Cuirenty we have five DireCtOTus1ee$. Polictes and procedures adopted lor the Inductlon and training of truslee$ We have undertaken advice an(J trainirrfJ via The Assembty Government and 'The Essentral Tw$lee'_ 6 Main Dulles. Related partles Related paty transactions the ¢on$littTrI dubs and the tharity are disck)sed in the notes to these financial stal¢menls. None of the trustees has any beneffiaa inte1 n the company. 1 of tre trustees s members of Ihe company and guaranlee lo ¢ontritr*Jte £1 in the event of a wnding up.
GOWERTON ATHLETIC CLUB LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MAY2025 Refer¢nce & Administsative Details Charlty narng Gowerton Athletic Club Limrted Charity registration nurnber 197701 Company registration number 12616203 Prlnclple and regl$tered olft¢e 56 Cecil Road Gowerton Swansea SA4 3DE Trustees Thomas Berian Davies David Martin Symes 'chard Gwyn Jenkins Rotert Paul Jones Chair Directof Treasurer Director Secretary Dean Barry Mason Secretary The trustees. report was approved by the Board of Trustees. Tru$tee- In Mason Date..
GOWERTON ATHLETIC CLUB LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GOWERTON ATHLETIC CLUB LIMITED I reptsrt to the tnjslees on my examination of the f)ancial statements ol GLv4¥erton Athleli¢ Club "MIted Ilhe tharity) for the year ended 31 May 2025. R•span$ibilitles and ba$1$ of report As the trustees of the charrty land also its directors for the purposes of eompany lawl, yj are responsible for the preparation of the ffian¢ stslements in accordance wilh the requirements of the CompaniesAct 2006. Having satisfied mysdf that Ihe finanaal statements of the charity are not qui to be audited under Part 16 01 the Companies Act 2006 and are eligible for independent examinth"on, I report in respect of my examination of the charty's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examinati¢)n I have followed the Directions gNen by Ihe Chanty CommiSOn under section 14515llbl of the Charities Act 2011. Independ•nt examinerf$ statement I have completed my examination. l eonfirm that no matters to ry attention in connection with Ihe examination giving me cause to believe that in any material sPeCt". accounting rewrd$ were not kept in respect of the charity as required by section 386 of the Companies 2006. the finanaal stalements do not aecord th those records" or the financial statements do not comply ¥th the accwnting rewiremenls of section 396 of Ihe Companies Act 2006 other Ihan any requirement Ihal the finanaal statements gr¥e a true and fair view, lch is not a matter considered as part of an independent examination- or the financial statements have not been prepared in a¢cordarKe with Ihe methods and principles of the Statement of Recommended Practice for a¢¢ounting and reporb.rg by charrties app1¢aLe to charities preparing their financial statements in accordance wth the Finanuat Reporti'ng Standard applicable in the UK and Republic of Ireland {FRS 102). I have no ¢oncem$ and have come across no olher matters in connedion the examinatn to which attenlir should be drawn in this report in order to enatle a woper wKlerstKling of the finala1 statements to be reached. Andrew Howell$ Azets Audlt Services Ty Derw Lime Tree Court Cardiff Gate Business Pa Cardiff Wales CF23 8AB
GOWERTON ATHLETIC CLUB LIMITED STATEMENT OF FINANCIAL ACTNMES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MA Y 2025 Unrestricted Unrnstrkttd funds funds 2025 2024 Restricted lunds 2024 Total 2024 Notes Incom• and end¢>Ym*nts from: Donations and legacies Charitable activitie5 other income 6.645 12.600 8.592 6.474 29.247 8,588 8.724 34.896 15,198 64,143 8.588 Total income 27.837 44.309 43.620 87.929 Expendllur• on.. Raisrng ftJn¢Js Charitable activities 29.764 17.663 29,764 17,683 38.748 Totsi •xp•Thdir• 38.748 47,447 47,447 Net incomellexpenditurel {10,9111 13.138) 43.620 40,482 Transfers betsveen lunds 43.620 {43,620) Net movement in funds (10.9111 40.482 40,482 Reconciliation of funds- Fund balaeS at 1 June 2024 134.195 93.713 93,713 Fund balance$ at 31 May 2025 123,284 134.195 134,195 The Statement of financial ath'Vits indudes all gains arKI losses recognised year. All irKom8 expenditure derive from conts"nuing activrties.
GOWERTON ATHLETIC CLUB LIMITED BALANCE SHEET ASAT31 MAY2025 2025 2024 Notes Fixed a$sets Tangible assets 13 105,064 111.653 Current assets Debto Cash al bank arKI in hand 14 5.953 27.645 1.871 21.169 33.$98 23.040 Creditors: amounts falling due within one year 15 {15.398) 1498) Nel Current assets 18.200 22,542 Total a$$ets less ¢urrenl Ilablllues 123.284 134,195 Inc¢m• funds Unreslricle(I funds 123.284 134,195 123,284 134,195 The comparry is enlrtled lo the exemption from the wdii requ1ment contsmed in section 477 of the CompaniesAct 2006, for the year ended 31 May 2025. The directors a¢knoge their $F$1&t for corwying 74ryth the requwemenls of the Companies Act 2006 th resF¢t to a¢¢ounting records and the preP10n of fina)ual slatements. The members have not required Ihe company lo ol)t•"n an of rts finKial statements for thè year in question in a1rdance vAtti secb'on 476. These financial statements have been prepared in ac¢ordance wth the pTovisions ap1¢able to companies subject to the small companies regime. 25012 The finanoal slatements were appmved by the Ttee5 on ........... . .......... Tru$t•e - Dean Mason Company regi$tratlon nwmber 12616203
GOWERTON ATHLETIC CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 A¢¢ountlng poltcies Charity Inlomiallon Gowerton Alhlelic Club Limited is a private ¢thnpany limited by guarantee inwrated in England and Wales. The registered office is 7 Nhfa Tircoed Forest Vdlage. Penlkngaer. Swansea. SA4 9SP. 1.1 Accounting convention The finanual statements have been prepared in accordance w7ih the CW'S govwning document, the Companies A¢1 2006, FRS 102 "The Financial ReFQrting Standard apF4icable in the UK and Republic of Ireland. {"FRS 102.1 and the Charities SORP "Accounting and Reporting by Chanbes.. Statement of Recommended Praclice applThble to charrties preparing their accounts in accordance wth the Finan¢ial Reporting Standard appli¢at4e in the UK and Republic of Irdand (FRS 1021" (effective 1 January 20191. The charty is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the PTowsion$ in tr SORP for charitses not to prepare a Ststent of Cash Flows. The firbancial statements are Prepared in stth1ing. V•fv"th is tre lunctional currency of the drty. Monetary amounts in these finènual Statements are roun(Jed to the nearest £. The finanrAal statements have been wepared under the hbStoric81 cost convention. The wncipal UntIng policies adopted are set out below. 1.2 Go¥ng concern At the time of approving the finanual slalements. the Iruslees have a reasonable expectation that the charity has adequate resources to ¢onkn"nue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concem basis of accounting in preparing the ffinancial statements. 1.3 Charitable funds Unrestricted funds are availabfe use al the discrelion of the trustees in furtherance of their charitable objectives. Restricted funds ao subje¢t lo speufi¢ nlOn$ by donors or grantys as to how they may be used. The purposes and uses of the restn'cted fKIS are sel out in the notes to the finanryal 0¢ernents. Endo%*ment funds are suty'ect to specific Cor"0n$ by dcmors that CW must be maintained by the ¢hafity. 1.4 Income Income is recognised when the tharity is legalty enlimed to tt after ary performance di.0ns have been m81. the amounts be measured reliably. and rt is probable that income will be received. Cash de15 are recognised on repl Olher donations we reco9nised once Charity has been notified of the donation, unless performance corKlrtions wuire deferral of the amount. Income lax recoverable in relalKJn lo donations received under Gift or deeds of covenant rewnised at the lime of the donatscm. Le9a¢ies are re¢o9ni$ed on reIpt or otherwise rf the challty has been notified of an impending ¢J6tribution, the amount is known. and receipt is expe¢ted. If the aN)l1 is not known, the legacy is treated as a Cl"n9enf asset.
GOWERTON ATHLETIC CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2025 Accountlng pollcles Icontlnuedl 1.$ Expenditure Expendrture is recognised once there a legal or constructive obligation to transfer econornic benefft to third party. it is PrObae that a Iransfer of econ0n¢ benefts wll l)e required in settlement. and th& amount of the obligation can b8 measured reliably. Expenditure is daSsIf by aclivrfy. The costs ol each activity are made of the total of di1 wtsls and shared costs, inclLxling support costs invc4ved in undertaking each acts"v. Direct costs attributat4e to a single activity a allocated direcuy to Ihal activtty. Shared costs which Contribute lo more than one activity and support costs which are not attributable to a single acliw are apportioned been those aclivths on a basis consislenl with the use of resources. Central 5tsff costs are allttated on the ba&s of ts.me spent, and depre¢iation charges are dlocated on the Fth"on of the assefs use. 1.6 Tanglble fixed assets Tangible fixed assets are inits.aly measLred al cost and subsewiuy Measu at cost or valuation, net of deprKiation and any irnpairment losses. DepretiOn is Tecognised so as to te off the cost or vauab.on of assets less their residual vakfts over their useful lives on Ihe following bases.. Fieehold land and buildirvjs Land O%- Propety improvement$ 20% straight line basis The gain or loss arising on the dsposal of an asset is determined as Ihe ¢thfference behveen the sale woceeds and the Carry value of the asset, and is recognised in the statement of fnancial 8Ctivities. 1.7 lrnpaimnI of re a$$•ts At each reporting end dale, the charrty reviews the Carrng arnounts of its tangiNe assets lo determine whether there is any inth'cation that those assets have suNered an impaimenl loss. 11 Jny Such indication Èxists, the recoverable amount of the asset is estirnated in order lo determine the extent of the impairn7ent lo$$ {if any). 1.8 Cash and ¢•sh •qyival•nts Cash and cash equivalenls indude cash in hand. deposrts held at ¢all wlh banks. other short-lerm liquKI investments with original matUritS of three months or less. and bank overdrafts. Bank overdrafts are $hovm within borTowings in ojrrent liabilities. 1.9 Flnanclal Instruments The Gharty has elecled to apF4y the provisions of Seth'on 11 '8asi¢ Financial Instruments, and Section 12 'Olher Financial Instruments Issues, of FRS 102 to all of it5 finanaal instruments. Financial instfuments are recognised in the charity's balance sheet when the charity becomes party to IhÈ contractual provisions of Ihe inslrument. Financial assets and liabilthes are offset. wilh the net arnunts presented in the finawal statements, V+l)en there is a legally enforceable right to set off the recognised amounts and there 1$ an intention to settle on a net basis or to realise the asset ar see the Iiaw %muhameousty. 8asl¢ linCial assets Basic financial assets, which indLKle debtors and cash and bank balances, are initially measured transact40n prir including transaction costs and are subsequenliy ¢affr at arnortised cost using the effective inleresl method e$S the arraroement constitutes a finanong transacb'on. where the Iransa¢tK)n is measured at the present value of the fubjre receipts disctsunted at a market rate of interest. Finanaal assets dassified as reCVae wthin one year are not amts*sed.
GOWERTON ATHLETIC CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MAY 2025 A¢¢ountln9 poucies {Contlnuedl Bask finan¢Aal Ilabllliles Basic financial IiatM"lrties, induding rJe<litors and bank loans a inrtialty iecognised at transaction price unless the arrangement Ccltstitutes a finanang transaction, wthere the debt inslrumenl is measured al the present value of the future payrnenls discounted at a market rale of interest. Finarrial liabiir¢ies dassrfied as payable V•thin one year are not amortised. Debt instruments are subsequendy caffied at amctsed cost. using the effectNe interest rale method. Trade creditors are olgationS lo pay for goods or services that have been acquired in the Ordin ¢OUTSe of operations from suppliers. Amounts payable are classified as rrent lia"l1t1eS if payment is due within one year or less. If not. they are presented as non-currenl liabilities. Trade creditors are recognised initially at transactKJn price and subsequenlly measured al arrnfv.sed cost using the effectwe interest method. oerKogniti of financial liabilities Finaneial liablthes are derecognised when Ihe thari$ ntractUal oblig8ti¢Jns expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday enlrtlement is re¢ognised in the peri¢)J in wh'ch the em0ye8.$ services a r¥¢eived. Teiminalion benefits a recognised imme<atdy a$ an expense when the charity is dernonstrably committed lo terminate the emFdoyment of an employee or to wo¥ide terffAnation benefits. Crltl¢al a¢¢ountlng estlmat•s and judg•m•nts In the applicalicffi of the chavty's accounb.ng pdicies. the Iwstees are required to make judgements. estimates and assumpbons about the ¢arrwng amount of assets and liabilities that are not readity apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered lo be leVant. resutts may differ from these esb"mates. The eslimale5 and underfying assumpts.ons are miewed on ongoing basis. Rewsion$ lo a¢¢ounting eslimates are re¢ognised in the period in which the estimate is revised •the the revision affects cnly thal period. or in the period of the Tev15ion ar fLrture Feriods where the revis affects b)Ih curnt and future periods. Income from donations and legacies Unrnstrlct•d RKtrlct•d fund$ funds 2025 2025 Totsl Unrestricted Rtttricted lunds fund$ 2024 2024 Total 2025 2024 Denalions and gffls Membership fees 500 6.145 500 6.145 8.724 8,724 6,474 6.474 6,64S 6.645 6,474 8,724 15,198
GOWERTON ATHLETIC CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2025 Chaiitabl• a¢tl¥ities 2025 2024 Events income Perfomiance rdated grants 29,247 34,896 12.6QO 12,600 64,143 Analysls by lund Unrestricted funds Restricted funds 12.600 29.247 34,896 Other in¢om¢ UnTestrFcted Unrestrlcted fund$ fund$ 2025 2024 Other income 8.592 8,588 Expendlture on ralslng funds Unrestrlcted Unre$trkt•d funds funds 2025 2024 FundralsSng and publlclty Staging fundfaisiny events 29,764
GOWERTON ATHLETIC CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2025 Exponditur• on chadt•ble activities Charhable •¢tlvltles 2025 Charltable a¢tlvltles 2024 Direct costs Deprwation and irnpaimnI Rates Maintenan Insurance AuntancY fees Mis¢ellaneou$ Professonal costs 11.550 193 17.178 5.554 302 917 3.054 4,570 558 3.189 5,570 1,530 224 38.748 15,641 Grant funding of activities (see note 81 2,042 38,748 17.683 Anatysis by fund Unrestrided fund$ 38,748 17,683 Grants payable 2025 2024 Grants to institutions 2,042 Net movement in funds 2025 2024 The net movement in fvnds is stated after thargWluediti'ThJ)'. Depreciation of owned tangible fixed assets 11.550 4,570 10 Trust•es None of the Iruslees lor any persons ¢onne¢ted vAth them) re¢eived any remuneration or benefit5 from the chaiity durirg the year. 10-
GOWERTON ATHLETIC CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2025 11 Employees The average monlNy wmber of emF4oyees ring the year was.. 202$ Number 2024 Mumber Total There were no employees *those annuol remuneration was ffle th8n £60,000. 12 Taxatlon The charity is exempl from tsx on irKome and gains fallirvj wthin section 505 of the Taxes Act 1988 or seth.on 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are apled to its charitable objects. 13 Tanglble fixed assets Freèhold ltynd nd bulldlngs Cost Al 1 June 2024 Additions 120.388 4.980 Al 31 May 2025 125,368 Depre¢latlon and impaiment Al 1 June 2024 Depfeualion charged in Ihe year 8,734 11,550 At 31 May 2025 20,284 Carylng amounl At 31 May 2025 105,084 At 31 May 2024 111,653 14 D•btors 2025 2024 Amounts falling due vlthln one year. Trade debtor5 Other debtors 5,953 1,671 200 5.953 1,871 11
GOWERTON ATHLETIC CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2025 16 Creditors: amounts falllng duo wlthlTh one year 2025 2024 Trade CTedit¢)rs Accruals and deferrgd irwme 15.340 58 100 398 15.398 498 16 Restricted funds The restricled fvnds of the charity comprise the unexpended balances of donations and grants held on trust subject lo spe(xfic conditions by donors as lo how they may be used. Provlous year. At 1 Jun• 2023 Incoming rtSOllT¢e$ Transfe At 31 May 2024 Sportslot Granl Gowerton Cri¢kel Club 34.896 8.724 134.896) 18.724) 43,620 143,6201 Sporlslot Grant Funding for the refurbishmertl of uicket facalitie& Gowerton Cricket Funding for the refurkn"shmenl of clicket laolilies. 17 Unrestrlcted funds The unrestricted fijnds of the chartty comprise the unexpen¢Jed balances of donations and grants which are not subject to speafic conditions by donors and granlors as to they may be used. These include designated fund5 which have been sel aside out of unrestrided funds by the trustees for spe¢rfi¢ purposes. At 1 Jun• 2024 Incoming resource5 R•sourc•s expended Transfers At 31 May 2025 General fvnds 134,195 27.837 138.748) 123,284 Prgvlous year: At 1 Jfte 2023 Incoming Resources expended Transfers At 31 May 2024 Summerfun Donation$ General fvnds 2.042 42.267 {2,0421 (45.4051 93.713 43.620 134,195 93,713 44,309 (47,447) 43,620 134,195 12-
GOWERTON ATHLETIC CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2025 17 Unreslrlcted fundg (Continuedl Summwrfun donatlons Summerfun profits were alIcted lo local tharitab causes. 18 Relatsd party tran$•¢tlons As noted in the trustee$ report the tfustees are from the three constituent dubs. Eath dub is thaiged le arKI membership fees. The le and member fees charged as as disdosed note 3. The dths also Conlribule trffi¥d$ the insurarKe, rates. water and syound costs fr*r the thanty. The total contributions received are as disdosed w) note 5. There 4Yas £5.953 outstanding * the year end (2024.. £1.671}. Gowerton Athletic not receive ary loans during the year from Goweth Crid¢et Club or G¢Mrton rugby dub to cover event costs12024' loans of £7.500 and £5,000 were recVed from Gowerton Cricket Club and Gowerton Rugby Club to cover event Costs before the Spacehtve funding was Teceivedl. There were no amounts oulslandiNJ al the year end12024-. £nl). 13-