Charity reglstration numbèr 197701 IEngland and Wale$ Company registrntion fiUm￿r 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 p￿PareYm*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•Thdi￿r• 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 bala￿eS 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'Vit￿s 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 requ1￿ment contsmed in section 477 of the CompaniesAct 2006, for the year ended 31 May 2025. The directors a¢kno￿ge their ￿$F￿$1￿&t￿ for corwying 74ryth the requwemenls of the Companies Act 2006 th resF*¢t to a¢¢ounting records and the preP￿￿10n of fina)ual slatements. The members have not required Ihe company lo ol)t•"n an of rts fin*Kial statements for thè year in question in a￿1rdance vAtti secb'on 476. These financial statements have been prepared in ac¢ordance wth the pTovisions ap￿1¢able to companies subject to the small companies regime. 25012 The finanoal slatements were appmved by the T￿￿tee5 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 N￿hfa 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 Stst￿ent of Cash Flows. The firbancial statements are Prepared in stth1ing. V•fv"th is tre lunctional currency of the d￿rty. 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¢ ￿n￿l￿On$ by donors or grant*ys as to how they may be used. The purposes and uses of the restn'cted f￿KIS 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 de￿￿1￿5 are recognised on re￿pl 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 re￿Ipt or otherwise rf the challty has been notified of an impending ¢J6tribution, the amount is known. and receipt is expe¢ted. If the aN￿)l￿1 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 PrOba￿e 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 di￿1 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 be￿en 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. Depre￿￿tiOn 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 lrnpaim￿nI of r￿e￿ a$$•ts At each reporting end dale, the charrty reviews the Carr￿ng 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 matUrit￿S 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￿ se￿e the Iiaw %muhameousty. 8asl¢ li￿nCial 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 reC￿Va￿￿e 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