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← Trefelin Boys' Club

2025-12-31-accounts

Charity registration number: 519558

TREFELIN BOYS' CLUB TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

Trefelin Boys' Club Contents

Page
Trustees' Report 1—3
Independent Auditor's Report 4—7
Statement of Financial Activities 8
Statement of Financial Position 9
Statement of Cash Flows 10
Notes to the Statement of Cash Flows 11
Notes to the Financial Statements 12—18
The following pages do not form part of the statutory accounts:
Detailed Statement of Financial Activities 19—20

Trefelin Boys' Club Trustees' Report For The Year Ended 31 December 2025

The trustees present their report and the financial statements for the year ended 31 December 2025.

Objectives and Activities

Aims and Objectives

To educate boys and girls in Velindre through leisure activities to develop their physical, mental and spiritual capacities.

Significant Activities

Football

Public Benefit

The trustees confirm compliance with public benefit guidance and provide opportunities promoting health and development.

The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.

Achievements and Performance

Main Achievements

Financial Review

Financial Position

The trustees consider the charity financially stable.

Reserves Policy

The charity maintains reserves to cover operational costs and unforeseen expenditure. Reserve levels are reviewed regularly.

Page 1

Trefelin Boys' Club Trustees' Report (continued) For The Year Ended 31 December 2025

Going Concern

The trustees have reviewed the financial position of the company, taking account of the reserves and cash balance that is currently available, the 2025 budget and longer term plans, together with its financial and risk management systems.

The trustees believe that the company has adequate resources to continue to operate for the foreseeable future and the actions that could be taken if the best and worst outcomes were to take place. Therefore, the company continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Structure, Governance and Management

Governing Document

Constitution adopted 27 July 1986, amended 29 November 1992. The charity is managed by its trustees, responsible for governance and strategy. Trustees meet periodically and are supported by volunteers.

Reference and Administrative Details

Trustees

Mr M Wagstaff - Chair (appointed 15/07/2025) Mr G Hockin Mr M Cook Mr C Latham Mr M Noonan Mr S Green

Charity Number

519558

Accountants

PML Accountants Chartered Certified Accountants Unit 8 Water Street Business Centre Port Talbot West Glamorgan SA12 6LF

Auditors

Willis Jones T/A Jowills Ltd 64 Walter Road Swansea SA1 4PT

Page 2

Trefelin Boys' Club Trustees' Report (continued) For The Year Ended 31 December 2025

Post Balance Sheet Events

Statement of Trustees' Responsibilities

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing the financial statements the trustees are required to:

The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the financial position of the charity and to enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The trustees' report was approved by the board of trustees and signed on its behalf by:

Mr M Wagstaff Trustee 25/03/2026

Page 3

Independent Auditor's Report to the Members of Trefelin Boys' Club

Opinion

We have audited the financial statements of Trefelin Boys' Club (the "charity") for the year ended 31 December 2025 which comprise the Statement of Financial Activities (including Income and Expenditure Account), Statement of Financial Position, Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 21 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Page 4

Independent Auditor's Report (continued) to the Members of Trefelin Boys' Club

Matters on Which We Are Required to Report by Exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the Trustees' Responsibilities Statement set out on page 1—3, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Page 5

Independent Auditor's Report (continued) to the Members of Trefelin Boys' Club

Auditor's Responsibilities for the Audit of the Financial Statements

We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the charity and its environment, we identified the principal risks of non-compliance with laws and regulations, particularly those relating to the regulatory framework applicable to charities. This includes compliance with the requirements of the Charity Commission for England and Wales, relevant charity law, and the applicable Statement of Recommended Practice, namely the Charities SORP (FRS 102). We also considered the extent to which non-compliance might have a material effect on the financial statements. In addition, we considered those laws and regulations that have a direct impact on the financial statements, such as the Charities Act 2011 and, where applicable, the Companies Act 2006.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the nature of the charity, its control environment, and the involvement of trustees in oversight. We evaluated management’s and trustees’ incentives and opportunities for fraudulent manipulation of the financial statements, including the risk of override of controls. The principal risks identified were related to the recognition of income (in particular donations, legacies, and grant income, including restricted funds), the posting of inappropriate journal entries to manipulate reported results, and the misappropriation of charitable funds or assets.

Our audit procedures in response to these risks included:

Designing audit procedures to incorporate an element of unpredictability in the nature, timing, and extent of testing.

Owing to the inherent limitations of an audit, there is an unavoidable risk that not all irregularities, including those leading to material misstatement or non-compliance with laws and regulations, may be detected. This risk is greater where noncompliance is not closely related to the transactions and events reflected in the financial statements. In addition, the risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve deliberate concealment, collusion, forgery, omission, or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Page 6

Independent Auditor's Report (continued) to the Members of Trefelin Boys' Club

Use Of Our Report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Kathryn A. Stallard FCCA

31/03/2026

Kathryn A. Stallard FCCA Willis Jones T/A Jowills Ltd 64 Walter Road Swansea SA1 4PT

Page 7

Trefelin Boys' Club Statement of Financial Activities For The Year Ended 31 December 2025

Notes
INCOME AND ENDOWMENTS FROM:
Charitable activities:
Sports for young people, including: football, athletics, and rugby
Other trading activities
3
Investments
4
EXPENDITURE ON:
Charitable activities:
6
Sports for young people, including: football, athletics, and rugby
NET EXPENDITURE
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
17		 2025
Unrestricted
funds
£
59,287
206,170
44		 2024
Unrestricted
funds
£
6,955
163,560
43
265,499 170,559
(267,214) (195,562)
(1,715) (25,003)
(1,715)
754,030		 (25,003)
779,033
752,315 754,030

The notes on pages 11 to 18 form part of these financial statements.

Page 8

Trefelin Boys' Club Statement of Financial Position As At 31 December 2025

Notes
FIXED ASSETS
Tangible Assets
11
CURRENT ASSETS
Stocks
12
Debtors
13
Cash at bank and in hand
Creditors: Amounts Falling Due Within One Year
14
NET CURRENT ASSETS (LIABILITIES)
TOTAL ASSETS LESS CURRENT LIABILITIES
Creditors: Amounts Falling Due After More Than One Year
15
NET ASSETS
FUNDS OF THE CHARITY
Unrestricted Funds
TOTAL FUNDS
17		 2025
Unrestricted
funds
£
1,253,070		 2024
Total
funds
£
1,182,267
1,253,070
5,175
-
19,803		 1,182,267
4,916
4,952
24,937
24,978
(42,190)		 34,805
(46,963)
(17,212) (12,158)
1,235,858 1,170,109
(483,543) (416,079)
752,315 754,030
752,315 754,030
752,315 754,030

On behalf of the board

Mr S Green Trustee 31/03/2026

The notes on pages 11 to 18 form part of these financial statements.

Page 9

Trefelin Boys' Club Statement of Cash Flows For The Year Ended 31 December 2025

Notes
Cash flows from operating activities
Net cash generated from operations
1
Interest paid
Net cash generated from operating activities
Cash flows from investing activities
Purchase of tangible assets
Interest received
Net cash used in investing activities
Cash flows from financing activities
Proceeds from new bank borrowings
Repayment of bank borrowings
Proceeds from new other loans
Repayment of other loans
Net cash generated from financing activities
(Decrease)/increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
2
Cash and cash equivalents at end of year
2		 2025
£
106,740
(6,550)
100,190
(111,912)
43
(111,869)
40,600
(10,955)
-
(23,100)
6,545
(5,134)
24,937
19,803		 2024
£
328,533
(2,206)
326,327
(359,256)
43
(359,213)
34,723
-
23,100
-
57,823
24,937
-
24,937

Page 10

Trefelin Boys' Club Notes to the Statement of Cash Flows For The Year Ended 31 December 2025

1. Reconciliation of expenditure to cash generated from operations

.
Reconciliation of expenditure to cash generated from operations
Net expenditure
Adjustments for:
Donations of fixed assets
Interest expense
Interest income
Depreciation of tangible assets
Movements in working capital:
Increase in stocks
Decrease/(increase) in trade and other debtors
Increase in trade and other creditors
Net cash generated from operations		 2025
£
(1,715)
46,218
6,550
(44)
41,109
(259)
4,953
9,928
106,740		 2024
£
(25,003)
341,494
2,206
(43)
19,747
(4,916)
(4,952)
-
328,533
  1. Cash and cash equivalents
Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:
2025 2024
£ £
Cash at bank and in hand 19,803 24,937
  1. Analysis of changes in net debt
.
Analysis of changes in net debt
Cash at bank and in hand
Debts falling due within one year
Debts falling due after more than one year		 As at 1
January 2025
£
24,937
(28,656)
(29,167)		 Cash flows
£
(5,134)
17,702
(24,247)		 As at 31
December
2025
£
19,803
(10,954)
(53,414)
(32,886) (11,679) (44,565)

Page 11

Trefelin Boys' Club Notes to the Financial Statements For The Year Ended 31 December 2025

1. General Information

Trefelin Boys' Club is an unincorporated charity registered with the Charity Commission, registered charity number 519558. The principal address is .

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011.

The charity is a Public Benefit Entity as defined by FRS 102.

2.2. Incoming Resources

2.3. Resources Expended

Facilities maintenance

Equipment

Operational costs

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery 10% Straight line Fixtures & Fittings 5% Straight line

Page 12

Trefelin Boys' Club Notes to the Financial Statements (continued) For The Year Ended 31 December 2025

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the statement of financial activities. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the statement of financial activities.

2.6. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

3. Income from Other Trading Activities

Membership subscriptions
Sponsorships
Shop income
Sponsorships / social lotteries
Gate receipts
Sundry receipts		 2025
Unrestricted
funds
£
3,463
21,028
130,716
15,635
5,775
29,553		 2024
Unrestricted
funds
£
2,409
17,136
114,022
5,242
13,312
11,439
206,170 163,560

4. Investment Income

.
Investment Income
2025 2024
Unrestricted Unrestricted
funds funds
£ £
Bank interest receivable 44 43

Page 13

Trefelin Boys' Club Notes to the Financial Statements (continued) For The Year Ended 31 December 2025

5. Net Income/(Expenditure)

The net expenditure is stated after charging/(crediting):

Depreciation of tangible fixed assets - owned
.
Analysis of Expenditure
Sports for young people, including: football, athletics, and rugby
Sports for young people, including: football, athletics, and rugby		 Activities
undertaken
directly
£
128,469		 2025
£
41,109		 2024
£
19,747
Support costs
(see note 7)
£
138,745		 2025
Total
£
267,214
Activities
undertaken
directly
£
114,575		 Support costs
(see note 7)
£
80,987		 2024
Total
£
195,562

6. Analysis of Expenditure

7. Support Costs

Employee costs
Premises expenses
General administration
Depreciation
Interest payable		 2025
Sports for
young
people,
including:
football,
athletics, and
rugby
£
23,714
11,465
55,907
41,109
6,550
138,745

Page 14

Trefelin Boys' Club Notes to the Financial Statements (continued) For The Year Ended 31 December 2025

Employee costs
Premises expenses
General administration
Depreciation
Interest payable		 2024
Sports for
young
people,
including:
football,
athletics, and
rugby
£
14,050
8,687
36,297
19,747
2,206
80,987
  1. Auditor's Remuneration

Remuneration received by the charity's auditors and their associates during the year was as follows:

Audit Services
Audit of the company's financial statements
9.
Staff Costs
Staff costs were as follows:
Wages and salaries		 2025
£
3,750
2025
£
13,774		 2024
£
-
2024
£
8,056

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.

10. Average Number of Employees

Average number of employees during the year was: NIL (2024: NIL)

Page 15

Trefelin Boys' Club Notes to the Financial Statements (continued) For The Year Ended 31 December 2025

11. Tangible Assets

Cost
As at 1 January 2025
Additions
As at 31 December 2025
Depreciation
As at 1 January 2025
Provided during the period
As at 31 December 2025
Net Book Value
As at 31 December 2025
As at 1 January 2025
12.
Stocks
Stock
13.
Debtors
Due within one year
Other debtors
14.
Creditors: Amounts Falling Due Within One Year
Bank loans and overdrafts
Other loans
Taxation and social security
Accruals and deferred income
Accruals for grants payable		 Land &
Property
Freehold
£
512,758
-		 Plant &
Machinery
£
36,000
33,823		 Plant &
Machinery
£
36,000
33,823		 Fixtures &
Fittings
£
653,256
78,089		 Total
£
1,202,014
111,912
512,758 69,823 731,345 1,313,926
-
-		 3,600
4,992		 16,147
36,117		 19,747
41,109
- 8,592 52,264 60,856
512,758 61,231 679,081 1,253,070
512,758 32,400 637,109 1,182,267
2025
£
5,175
2025
£
-
2025
£
10,954
-
3,678
6,250
21,308
42,190		 2024
£
4,916
2024
£
4,952
2024
£
5,556
23,100
-
-
18,307
46,963

Page 16

Trefelin Boys' Club Notes to the Financial Statements (continued) For The Year Ended 31 December 2025

15. Creditors: Amounts Falling Due After More Than One Year

Bank loans
Accruals for grants payable
16.
Loans
An analysis of the maturity of loans is given below:
Amounts falling due within one year or on demand:
Bank loans
Other loans
Amounts falling due between one and five years:
Bank loans
17.
Movement in Funds
Unrestricted funds
General:
General unrestricted fund
Total funds		 As at 1
January 2025
£
754,030		 Income
£
265,499		 2025
£
53,414
430,129
483,543
2025
£
10,954
-
10,954
2025
£
53,414
Expenditure
£
(267,214)		 2024
£
29,167
386,912
416,079
2024
£
5,556
23,100
28,656
2024
£
29,167
As at 31
December
2025
£
752,315
754,030 265,499 (267,214) 752,315

Page 17

Trefelin Boys' Club Notes to the Financial Statements (continued) For The Year Ended 31 December 2025

Unrestricted funds
General:
General unrestricted fund
Total funds		 As at 1
January 2024
£
779,033		 Income
£
170,559		 Expenditure
£
(195,562)		 As at 31
December
2024
£
754,030
779,033 170,559 (195,562) 754,030

18. Transactions with Trustees

None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.

No trustee expenses have been incurred.

19. Related Party Disclosures

There have been no related party traansactions in the reporting period that require disclosure.

21. FRC's Ethical Standard - Provision Available for Small Entities

In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

Page 18

Trefelin Boys' Club Detailed Statement of Financial Activities For The Year Ended 31 December 2025

INCOME AND ENDOWMENTS FROM:
Charitable Activities:
Sports for young people, including: football, athletics, and rugby
Rental income
Grants
Other trading activities
Membership subscriptions
Sponsorships
Bar & kitchen income
Fundraising & social lotteries
Gate receipts
Sundry receipts
Investments
Bank interest receivable
EXPENDITURE ON:
Charitable Activities:
Sports for young people, including: football, athletics, and rugby
Opening stock and work in progress
Purchases
Player match fees
Closing stock and work in progress
Wages and salaries
Health and safety costs
Kit renewal
Travel and subsistence expenses
Rent
Rates
Repairs and maintenance
Cleaning
Hire and leasing of plant and machinery
Vehicle running costs		 2025
Total
funds
£
13,200
46,087
59,287
3,463
21,028
130,716
15,635
5,775
29,553
206,170
44
44

Page 19

Trefelin Boys' Club Detailed Statement of Financial Activities (continued) For The Year Ended 31 December 2025

Repairs, renewals and maintenance
Insurance
Printing, postage and stationery
Advertising and marketing costs
Telecommunications and data costs
Audit fees
Accountancy fees
Legal & professional fees
Referee match fees
Subscriptions
Licences, registrations & fees
Charitable donations
Entertaining
Sundry expenses
Fundraising raffle costs
Depreciation
Bank charges
Bank loan interest
NET EXPENDITURE		 (16,274)
(3,379)
-
(484)
(383)
(3,750)
(2,699)
(3,236)
(4,487)
(4,965)
(4,418)
(50)
(4,455)
(60)
(5,545)
(41,109)
(2,387)
(4,163)		 (7,103)
(1,597)
(43)
(260)
-
-
-
(7,395)
(5,063)
(4,046)
(2,875)
(455)
(1,464)
(240)
(3,945)
(19,747)
(1,254)
(952)
(267,214) (195,562)
(267,214) (195,562)
(1,715) (25,003)

Page 20