WAUNARLWYDD GALAXY AMATEUR FOOTBALL CLUB CIC

Company limited by guarantee

Company Registration Number:
12036184 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

WAUNARLWYDD GALAXY AMATEUR FOOTBALL CLUB CIC

Contents of the Financial Statements

for the Period Ended 30 June 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

WAUNARLWYDD GALAXY AMATEUR FOOTBALL CLUB CIC

Directors' report period ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Principal activities of the company

The principal activity of the company is the running of an amature football club and maintenace of the grounds



Directors

The directors shown below have held office during the whole of the period from
1 July 2023 to 30 June 2024

Dean Jeffery Thomas
Alun Keith Price
Stephen Edward Hodges
Christopher Thomas Hopkins
Nicholas Richard Mcmurray


The director shown below has held office during the period of
1 July 2023 to 14 November 2023

Matthew Carl Giffard


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
27 March 2025

And signed on behalf of the board by:
Name: Stephen Edward Hodges
Status: Director

WAUNARLWYDD GALAXY AMATEUR FOOTBALL CLUB CIC

Profit And Loss Account

for the Period Ended 30 June 2024

2024 2023


£

£
Turnover: 14,163 23,547
Cost of sales: ( 13,090 ) ( 20,304 )
Gross profit(or loss): 1,073 3,243
Administrative expenses: ( 8,441 ) ( 7,236 )
Operating profit(or loss): (7,368) (3,993)
Profit(or loss) before tax: (7,368) (3,993)
Profit(or loss) for the financial year: (7,368) (3,993)

WAUNARLWYDD GALAXY AMATEUR FOOTBALL CLUB CIC

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 43,623 47,842
Total fixed assets: 43,623 47,842
Current assets
Cash at bank and in hand: 616 6,523
Total current assets: 616 6,523
Creditors: amounts falling due within one year: 4 ( 434 ) ( 403 )
Net current assets (liabilities): 182 6,120
Total assets less current liabilities: 43,805 53,962
Creditors: amounts falling due after more than one year: 5 ( 49,075 ) ( 51,864 )
Total net assets (liabilities): (5,270) 2,098
Members' funds
Profit and loss account: (5,270) 2,098
Total members' funds: ( 5,270) 2,098

The notes form part of these financial statements

WAUNARLWYDD GALAXY AMATEUR FOOTBALL CLUB CIC

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 27 March 2025
and signed on behalf of the board by:

Name: Dean Jeffery Thomas
Status: Director

The notes form part of these financial statements

WAUNARLWYDD GALAXY AMATEUR FOOTBALL CLUB CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities

    Tangible fixed assets depreciation policy

    Tangible assets Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows: Asset class Depreciation method and rate Leasehold property 5% straigh line Plant and machinery 12.5% straight line

    Other accounting policies

    Other grants Grants for leasehold improvements have been capitalised and are written off inline with long leasehold improvements over 20 years. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Leases Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

WAUNARLWYDD GALAXY AMATEUR FOOTBALL CLUB CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 5 6

WAUNARLWYDD GALAXY AMATEUR FOOTBALL CLUB CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2023 33,552 20,335 53,887
Additions
Disposals
Revaluations
Transfers
At 30 June 2024 33,552 20,335 53,887
Depreciation
At 1 July 2023 2,827 3,218 6,045
Charge for year 1,677 2,542 4,219
On disposals
Other adjustments
At 30 June 2024 4,504 5,760 10,264
Net book value
At 30 June 2024 29,048 14,575 43,623
At 30 June 2023 30,725 17,117 47,842

WAUNARLWYDD GALAXY AMATEUR FOOTBALL CLUB CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 434 403
Total 434 403

WAUNARLWYDD GALAXY AMATEUR FOOTBALL CLUB CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 49,075 51,864
Total 49,075 51,864

Other Creditors above is grant income received for leasehold improvements, and is amortised over 20 years inline with the company's depreciation policy.

COMMUNITY INTEREST ANNUAL REPORT

WAUNARLWYDD GALAXY AMATEUR FOOTBALL CLUB CIC

Company Number: 12036184 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

The company runs a local football club and playing field in the village of Waunarlwydd in Swansea. During the period 1 July to 30 June 2024 the club has benefited the community by organizing football sessions and games for hundreds of local boys, girls and adults while also maintaining the playing fields they play on. We run 20 junior teams, 3 senior teams and 2 veteran teams allowing them to take part in sporting activities (football).We have improved the playing fields allowing the members to have a more enjoyable experience and making it available for more of the year. We have also hosted community events on our fields which has seen the community come together on our facility.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
27 March 2025

And signed on behalf of the board by:
Name: Stephen E Hodges
Status: Director