1.
General Information
The South Wales Football Association Limited
is a private company, limited by guarantee, incorporated in England & Wales, registered number
04224343
. The registered office is C/O Clifton House, Four Elms Road, Cardiff, S. Wales, CF24 1LE.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Turnover
Income from fines and administration charges are recognised in the accounts when it is received apart from amounts collected by Football Association of Wales Comet system which is recognised to the period stated on the remittance statement.
Football Association of Wales Area Association and Referee Training grants are matched to the season they relate to.
Affiliation income is matched to the relevant season.
2.3.
Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provision of the instrument. All of the financial instruments applying to the company are basic as defined in the accounting standard, and as such are initially recognised at the transaction price.
Debt instruments are subsequently measured at amortised cost.
2.4.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the Balance Sheet and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
3.
Average Number of Employees
13 individuals were in receipt of honoraria during the year (2025 : 11)
During the year a Football Strategy Manager was employed by the Company.
The number of individuals paid by the company amounted to 14 (2025: 12)
The South Wales Football Association Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2026
4.
Debtors
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Prepayments and accrued income |
|
|
|
5.
Creditors: Amounts Falling Due Within One Year
| 2026 | 2025 | ||
|---|---|---|---|
| £ | £ | ||
| Other taxes and social security |
|
|
|
| Deferred income | - |
|
|
| Accrual |
|
|
|
|
|
|
||
6.
Provisions for Liabilities
| Other Provisions | Total | |
|---|---|---|
| £ | £ | |
| As at 1 June 2025 |
|
27,200 |
| Additions |
|
42,400 |
| Utilised |
( |
(20,100) |
| Reversals |
( |
(7,100) |
| Balance at 31 May 2026 |
|
42,400 |
|
League KPI's
|
2026
|
2025
|
|
Brought forward
|
27,200
|
27,200
|
|
KPI Provision Paid
|
(20,100)
|
(18,215)
|
|
Unused KPI Provision
|
(7,100)
|
(8,985)
|
|
KPI Provision
|
42,400
![1](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 2" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
27,200
|
|
Carried forward
|
42,400
![1](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> <line x1="0" y1="4" x2="80" y2="4" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
27,200
|
A provision has been recognised for the affiliated leagues achieving key performance indicators as set by The South Wales Football Association Limited. The maximum amount for the 2025/26 season is £42,400 (2024/25 £27,200)
The South Wales Football Association Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2026
7.
Related Party Transactions
The company is a members' association and receives membership fees from all clubs affiliated with The South Wales Football Association Limited. These fees are paid annually and recorded in the company's profit and loss account.
8.
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
9.
Ultimate Controlling Party
The company is a members' association and is controlled by its members.
10.
Honoraria
|
2026
|
2025
|
|
|
£
|
£
|
|
|
Honoraria to directors
|
45,607
|
43,092
|
|
Honoraria to non-directors
|
17,645
|
14,826
|
|
63,252
|
57,818
|
The following directors were in receipt of honoraria, M Adams, E J Taylor, G N Buckingham, D G King. The following non-directors received an honoraria M A Pedler, B Lloyd-Meek, I Lewis, P Williams, G Kite, D Randall, A Said, R Walters, L Shide.